Baron International Growth Strategy
Objective & Strategy
The investment goal of Baron International Growth Strategy is capital appreciation.
Baron International Growth Strategy is diversified and invests in companies of all sizes, mainly in small and medium non-U.S. growth companies. The Strategy invests in companies in both developed and developing companies, with a minimum expected return of 100% within four to five years.
Strategy Description
Baron International Growth Strategy invests primarily in non-U.S. growth companies.
Strategy Facts
| Inception Date | March 31, 2009 |
|---|---|
| Total Strategy Assets | $49 million |
Risk/Reward Comparison
For strategy reporting purposes, the Firm is defined as all accounts managed by Baron Capital Management, Inc. ("BCM") and BAMCO, Inc. ("BAMCO"), registered investment advisers wholly owned by Baron Capital Group, Inc. As of 9/30/2011, total Firm assets under management are approximately $15.0 billion. Gross performance figures do not reflect the deduction of investment advisory fees and any other expenses incurred in the management of the investment advisory account. Actual client returns will be reduced by the advisory fees and any other expenses incurred in the management of the investment advisory account. A full description of investment advisory fees is supplied in our Form ADV Part II. Valuations and returns are computed and stated in U.S. dollars. Performance figures reflect the reinvestment of dividends and other earnings. The strategy is currently composed of one mutual fund managed by BAMCO. The strategy invests mainly in non-U.S. companies of all sizes, but focuses in small and medium non-U.S growth companies of developed nations and those benefiting from growth in developing countries. The mutual fund may invest up to 30% in companies of developing countries.
Performance data quoted represents past performance. Current performance may be lower or higher than the performance data quoted. Past performance is no guarantee of future results. Portfolio holdings are subject to change.
Non-U.S. investments may involve additional risks to those inherent in U.S. investments, including exchange-rate fluctuations, political or economic instability, the imposition of exchange controls, expropriation, limited disclosure and illiquid markets. This may result in greater share price volatility. Securities of small and medium-sized companies may be thinly traded and more difficult to sell.
Industry sector or sub-industry group levels are provided from the Global Industry Classification Standard (“GICS”), developed and exclusively owned by MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”), unless otherwise stated that they have been reclassified or classified by the Adviser. All GICS data is provided “as is” with no warranties.
Definitions: The MSCI AC World ex USA indexes cited are unmanaged, free float-adjusted market capitalization weighted indexes. The MSCI AC World ex USA IMI Growth Index Net measures the performance of large, mid and small cap growth securities across developed and emerging markets, excluding the United States. The MSCI ACWI ex USA Index Net measures the equity market performance of large and mid cap securities across developed and emerging markets, excluding the United States. The MSCI AC World ex USA IMI Growth Index Net, the MSCI ACWI ex USA Index Net and the strategy include reinvestment of dividends, net of foreign withholding taxes, which positively impact the performance results.