| Scorecard |
|---|
|
5 / 5 Stars
|
|
Lipper
5
5
5
3
2
|
|
Zacks Investment Research
2
(Buy)
|
|
Standard & Poor's
5 / 5 Stars
|
|
TheStreet.com
A-
(Buy)
|
U.S. News evaluated 220 Mid-Cap Growth Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
See all Baron Capital Group funds
Note: Profile written for different share class.
Performance
The fund has returned 21.08 percent over the past year, 14.70 percent over the past three years, 7.44 percent over the past five years, and 11.13 percent over the past decade.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 13.8% |
| 1 Year | 21.1% |
| 3 Years (Annualized) | 14.7% |
| 5 Years (Annualized) | 7.4% |
| 10 Years (Annualized) | 11.1% |
Summary
Baron Growth boasts top-notch long-term results.
As of May 03, 2013, the fund has assets totaling almost $6.68 billion invested in 102 different holdings. Its portfolio consists of shares of small and mid-sized companies.
Compared to its peers in Morningstar's mid-cap growth category, this fund depends heavily on smaller companies. As of the end of the second quarter, more than 30 percent of the fund's portfolio was invested in small- and micro-cap names. The fund's average market cap is less than half that of the average for its Morningstar category. Lately, the fund's energy picks, including Core Laboratories and Carbo Ceramics, have been strong contributors to performance. The fund has returned 21.08 percent over the past year and 14.70 percent over the past three years.
The fund has top-notch long-term numbers. However, much of that comes from the fund's performance between 2001 and 2004. It finished three of those four years in the top 10 percent of its Morningstar category. In 2001, for instance, it beat the broader market by nearly 25 percentage points. Since then, however, the fund has slowed down quite a bit. Overall, though, its diversified, low-turnover approach has paid off. The fund has returned 7.44 percent over the past five years and 11.13 percent over the past decade.
Investment Strategy
According to the fund's prospectus: "The Adviser selects securities that it believes have favorable price-to-value characteristics, are well managed, have significant long term growth prospects and have significant barriers to competition. ... Because of its long-term approach, the Fund could have a significant percentage of its as sets invested in securities that have appreciated beyond their original market cap ranges."
Role in Portfolio
Morningstar calls the fund a "supporting player."
Management
Ronald Baron manages the fund.
