Views
1 year ago

Baron Funds

2lc6zl9

Baron

Baron Funds Performance Baron Emerging Markets Fund Comparison of the change in value of $10,000 investment in Baron Emerging Markets Fund (Institutional Shares) in relation to the MSCI EM IMI Growth Index and the MSCI EM IMI Index $15,000 $10,000 $11,309 $9,137 $8,688 $5,000 $0 12/31/10 6/11 12/11 6/12 12/12 6/13 12/13 6/14 12/14 6/15 12/15 6/16 12/16 Baron Emerging Markets Fund 1,3 MSCI EM IMI Growth Index 1 MSCI EM IMI Index 1 Baron Emerging Markets Fund’s annualized returns as of December 31, 2016: 1-year, 4.08%; 3-year, (1.31)%; 5-year, 6.38%; and Since Inception, 2.07%. Baron Energy and Resources Fund Comparison of the change in value of $10,000 investment in Baron Energy and Resources Fund (Institutional Shares) in relation to the S&P North American Natural Resources Sector Index and the S&P 500 Index $25,000 $20,000 $19,818 $15,000 $10,000 $10,646 $9,118 $5,000 $0 12/30/11 6/12 12/12 6/13 12/13 6/14 12/14 6/15 12/15 6/16 12/16 Baron Energy and Resources Fund 2,3 S&P North American Natural Resources 2 Sector Index S&P 500 Index 2 Baron Energy and Resources Fund’s annualized returns as of December 31, 2016: 1-year, 28.31%; 3-year, (8.52)%; 5-year and Since Inception (1.83)%. 1 The MSCI EM (Emerging Markets) indexes cited are unmanaged, free float-adjusted market capitalization weighted indexes reflected in US dollars. The MSCI EM (Emerging Markets) IMI Growth Index Net USD and the MSCI EM (Emerging Markets) IMI Index Net USD are designed to measure equity market performance of large, mid and small cap securities in the emerging markets. The MSCI EM (Emerging Markets) IMI Growth Index Net USD screens for growth-style securities. The indexes and Baron Emerging Markets Fund include reinvestment of dividends, net of foreign withholding taxes, which positively impact the performance results. 2 The S&P indexes cited are unmanaged. The S&P 500 North American Natural Resources Sector Index measures the performance of U.S.-traded natural resources-related stocks, including mining, energy, paper and forest products, and plantation owning companies. The S&P 500 Index measures the performance of 500 widely held large cap U.S. companies. The indexes and Baron Energy and Resources Fund are with dividends, which positively impact the performance results. 3 Past performance is not predictive of future performance. The performance data does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. 16

Baron Global Advantage Fund Baron Funds Performance Comparison of the change in value of $10,000 investment in Baron Global Advantage Fund (Institutional Shares) in relation to the MSCI ACWI Growth Index and the MSCI ACWI Index $20,000 $15,000 $14,145 $14,098 MSCI ACWI Growth Index 1 $13,935 $10,000 $5,000 $0 4/30/12 6/12 12/12 6/13 12/13 6/14 12/14 6/15 12/15 6/16 12/16 Baron Global Advantage Fund 1,3 MSCI ACWI Index 1 Baron Global Advantage Fund’s annualized returns as of December 31, 2016: 1-year, (0.93)%; 3-year, 0.91%; and Since Inception, 7.37%. Baron Discovery Fund Comparison of the change in value of $10,000 investment in Baron Discovery Fund (Institutional Shares) in relation to the Russell 2000 Growth Index and the S&P 500 Index $20,000 $15,000 $10,000 $14,261 $13,816 $12,541 $5,000 $0 9/30/13 12/13 3/14 6/14 9/14 12/14 3/15 6/15 9/15 12/15 3/16 6/16 9/16 12/16 Baron Discovery Fund 2,3 Russell 2000 Growth Index 2 S&P 500 Index 2 Baron Discovery Fund’s annualized returns as of December 31, 2016: 1-year, 21.73%; 3-year, 5.79%; and Since Inception, 10.46%. 1 The MSCI ACWI indexes cited are unmanaged, free float-adjusted market capitalization weighted indexes reflected in US dollars. The MSCI ACWI Growth Index Net USD measures the equity market performance of large and mid cap growth securities across developed and emerging markets. The MSCI ACWI Index Net USD measures the equity market performance of large and mid cap securities across developed and emerging markets. The indexes and the Baron Global Advantage Fund include reinvestment of dividends, net of foreign withholding taxes, which positively impact the performance results. 2 The indexes are unmanaged. The Russell 2000 ® Growth Index measures the performance of small-sized U.S. companies that are classified as growth and the S&P 500 Index of 500 widely held large cap U.S. companies. The indexes and Baron Discovery Fund are with dividends, which positively impact the performance results. 3 Past performance is not predictive of future performance. The performance data does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. 17

Pioneer Funds – Strategic Income - Pioneer Investments
Pioneer Funds – Euro Strategic Bond - Pioneer Investments
Pioneer Funds – Strategic Income - Pioneer Investments
Portfolio Pioneer Funds – US Dollar Aggregate Bond
新鴻基地產發展有限公司 - Sun Hung Kai Properties Ltd.
J-Curve Exposure: Managing a Portfolio of Venture Capital and Private Equity Funds (Wiley Finance)
Investor Presentation March 2016
永泰地產有限公司 - Wing Tai Properties Limited
" " ¤VXG - TVK
Oznámení podílníkům Pioneer Funds - Pioneer Investments
主要交易- 出售一家合營公司之40%權益 - Wing Tai Properties Limited
Fund update
Working Paper Series
AODP-GCI-2016_INSURANCE-SECTOR-ANALYSIS_FINAL_VIEW
Invest more when valuations are low Here’s how
Výroční zpráva k 31.12.2001 - Pioneer Investments
ANNUAL REPORT 2015
קבוצת אלרוב