2024-02-18 07:20:00 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.
- Baron WealthBuilder Fund appreciated 11.42% (inst.) in Q4 2023, and for 2023, the Fund gained 25.73%.
- The Fund’s absolute returns during 2023 were also strong - in 2023, the Fund gained 25.73%.
- The Fund’s portfolioof top performing Baron Funds owns shares in approximately 400 businesses lookingthrough the Fund to the underlying BaronFunds portfolios.
- We believe small-and mid-cap growthbusinesses offer extremely attractive return potentialrelative to their risk over the long term.
Dear Baron WealthBuilder Fund Shareholder:
Performance
Table I.
Performance
Annualized for periods ended December 31, 2023
Baron Wealth Builder Fund Retail Shares 1,2 | Baron Wealth Builder Fund Institutional Shares 1,2 | Baron Wealth Builder Fund TA Shares 1,2 | ||||
S&P 500 Index 1 | MSCI ACWI Index 1 | |||||
Three Months3 | 11.39% | 11.42% | 11.42% | 11.69% | 11.03% | |
One Year | 25.36% | 25.73% | 25.66% | 26.29% | 22.20% | |
Three Years | (0.62)% | (0.37)% | (0.38)% | 10.00% | 5.75% | |
Five Years Since Inception | 16.78% | 17.06% | 17.05% | 15.69% | 11.72% | |
Since Inception (December 29, 2017) | 12.52% | 12.78% | 12.77% | 12.07% | 7.88% | |
Read the full article on Seeking Alpha
For further details see:
Baron WealthBuilder Fund Q4 2023 Shareholder Letter