Baron Focused Growth Fund Institutional Shares (BFGIX)

Overview

This fund focuses on long-term investments, specifically targeting equity securities such as common stock in U.S. small- and mid-sized growth companies. The fund's investment strategy is dictated by the Adviser's definition of small- and mid-sized companies, which is based on market capitalizations up to the largest market cap stock in the Russell Midcap Growth Index at its reconstitution. The fund's long-term investment approach means it may hold a significant portion of its assets in securities that have appreciated beyond their initial market cap range. It's also worth noting that this fund is non-diversified, meaning it may invest a larger portion of its assets in fewer securities, potentially increasing the risk and volatility of its portfolio.

Products and Services

The primary offering of the fund includes:

• Equity Securities Investment: The focus is on investing in common stock, specifically aimed at small- and mid-sized U.S. companies poised for growth. This approach aims to capitalize on the potential higher growth rates of these companies compared to larger corporations.
• Long-Term Investment Strategy: With a long-term investment horizon, the fund targets securities that it believes will offer sustainable growth over time. This approach may lead to the fund holding onto securities that have grown beyond their original market cap category, reflecting the fund's commitment to its long-term vision rather than short-term gains.
• Non-Diversified Fund Structure: By being non-diversified, the fund may allocate a larger portion of its assets into fewer holdings. This strategy can lead to higher volatility and risk, but also offers the potential for greater returns if the concentrated investments perform well.