Baron Global Advantage Fund R6 Shares (BGLUX)

Overview

The fund described operates as a diversified investment entity, focusing primarily on equity securities. It targets both established and emerging market companies worldwide, fitting within the capitalization range of those indexed by the MSCI ACWI Index Net USD. This global approach mandates that the fund maintains a diversified portfolio by investing in companies based in at least three countries outside the United States. The investment strategy emphasizes a strong international presence, with a requirement that at least 40% of the fund's net assets are allocated to stocks of non-U.S. companies, a threshold that may be adjusted to 30% under less favorable foreign market conditions. This framework ensures a broad exposure to global equities, aiming to capitalize on growth opportunities across various geographic regions.

Products and Services

Underneath its broad investment mandate, the fund offers a variety of investment products and services aimed at achieving its diversified global strategy:

• Equity Securities Investments

At its core, the fund invests in equity securities, primarily in the form of common stock. These investments target companies located throughout the world, including both developed and emerging markets. The selection is based on capitalizations within the range of companies included in the MSCI ACWI Index Net USD, ensuring a diversified portfolio across different economic sectors and geographic locations.

• Global Market Exposure

The fund is committed to maintaining a significant international presence. It guarantees investment in equity securities of companies based in at least three countries outside of the U.S. This global strategy is central to the fund's objective, aiming to harness growth opportunities from a variety of markets around the world, beyond the domestic U.S. market.

• Minimum Investment in Non-U.S. Stocks

A distinctive feature of the fund's investment policy is its stipulation that at least 40% of its net assets be invested in stocks of companies outside the U.S., which can be reduced to 30% under less favorable foreign market conditions. This policy underscores the fund's emphasis on international diversification, seeking to mitigate risks and enhance potential returns through exposure to foreign markets.