Investment objective & strategy
As of April 30, 2025 · prospectusObjective. The investment goal of Baron Global Advantage Fund (the Fund) is capital appreciation.
Strategy. The Fund is a diversified fund that, under normal circumstances, invests primarily in equity securities of established and emerging markets companies located throughout the world, with capitalizations within the range of companies included in the MSCI ACWI Index Net USD. At all times, the Fund will have investments in equity securities of companies in at least three countries outside of the U.S. Under normal conditions, at least 40% of the Funds net assets will be invested in stocks of companies outside the U.S. (at least 30% if foreign market conditions are not favorable). The Adviser seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation. The Fund is a diversified fund that, under normal circumstances, invests primarily in equity securities of established and emerging markets companies located throughout the world, with capitalizations within the range of companies included in the MSCI ACWI Index Net USD. At all times, the Fund will have investments in equity securities of companies in at least three countries outside of the U.S. Under normal conditions, at least 40% of the Funds net assets will be invested in stocks of companies outside the U.S. (at least 30% if foreign market conditions are not favorable). The Adviser seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| SPACE EXPLORATION TECHNOLOGIES | — | $132.77M | 15.86% |
| NVIDIA CORP | — | $62.24M | 7.43% |
| SHOPIFY INC CL A | — | $42.39M | 5.06% |
| AMAZON.COM INC | — | $41.82M | 5.00% |
| TAIWAN SEMIC MFG CO LTD SP ADR | — | $41.77M | 4.99% |
| MERCADOLIBRE INC | — | $40.44M | 4.83% |
| SPACE EXPLORATION TECHNOLOGIES | — | $39.63M | 4.73% |
| CLOUDFLARE INC-A | — | $30.74M | 3.67% |
| COUPANG INC A | — | $29.69M | 3.55% |
| NU HOLDINGS LTD/CAYMAN ISLANDS | — | $25.29M | 3.02% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| BARON FIFTH AVENUE GROWTH FUND · BFTHX, BFTIX, BFTUX | 50% | 0.75% |
| BARON OPPORTUNITY FUND · BIOPX, BIOIX, BIOUX | 40% | 1.04% |
| Baron Technology ETF · BCTK | 34% | 0.75% |
Advisers
| Firm | Role |
|---|---|
| BAMCO, Inc. | Adviser |
Footnotes
- Expense ratio as of April 30, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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