2024-04-23 09:30:00 ET
Summary
- Baron is an asset management firm focused on delivering growth equity investment solutions known for a long-term, fundamental, active approach to growth investing.
- In the quarter ended March 31, 2024, Baron Health Care Fund advanced 8.92% compared with the 8.52% gain for the Russell 3000 Health Care Index and the 10.56% gain for the S&P 500 Index.
- The Fund’s 8.92% gain in the first quarter was roughly in line with the Benchmark, which rose 8.52%.
Dear Baron Health Care Fund Shareholder: Performance
In the quarter ended March 31, 2024, Baron Health Care Fund®(the Fund) advanced 8.92% (Institutional Shares), compared with the 8.52% gain for the Russell 3000 Health Care Index (the Benchmark) and the 10.56% gain for the S&P 500 Index (the Index). Since inception (April 30, 2018), the Fund increased 13.61% on an annualized basis compared with the 11.45% gain for the Benchmark and the 14.24% gain for the Index.
Table I. Performance
Annualized for periods ended March 31, 2024
Baron Health | Baron Health | Russell | ||
Care | Care | 3000 | ||
Fund | Fund | Health | S&P | |
Retail | Institutional | Care | 500 | |
Shares 1,2 | Shares 1,2 | Index 1 | Index 1 | |
Three Months 3 | 8.84% | 8.92% | 8.52% | 10.56% |
One Year | 20.09% | 20.36% | 15.41% | 29.88% |
Three Years | 3.23% | 3.49% | 6.77% | 11.49% |
Five Years Since Inception (April 30, 2018) | 13.91% 13.33% | 14.19% 13.61% | 10.76% 11.45% | 15.05% 14.24% |
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For further details see:
Baron Health Care Fund Q1 2024 Shareholder Letter