Baron Growth Retail  BGRFX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2013-04-30
Out of
Mid-Cap Growth Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar?
Style Box™
What is this?
   Medium
   Growth
  
  
As of 2013-03-31
Day Change
$ 0.10
  
NAV (2013-05-23)
$ 62.85
  
YTD Return % (2013-05-23)
17.13%
  
Total Assets ($ mil)
6,675
View Data Definitions
  Performance    
Growth of $10,000 Fund: Baron Growth Retail
(from 2003-01-01 to 2013-04-30) Category: Mid-Cap Growth
Index: S&P 500 TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2013-05-23
Inception date: 1994-12-30 10yr and Inception Returns as of 2013-04-30
YTD Returns as of 2013-05-23
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
(1994-12-30)
Fund 17.13 30.24 18.88 7.76 11.02 13.55
+/- Category 2.00 7.23 2.75 2.02 1.33 ---
+/- S&P 500 TR USD 0.40 2.21 1.47 1.71 3.14 ---
  Standardized Return %   After Tax Returns % as of
  as of as of 2013-04-30   On Distribution 2013-04-30
On Distr &
Sales of Shrs
1 Yr Annualized --- 20.75   18.95 14.47
5 Yr Annualized --- 7.22   6.84 5.77
10 Yr Annualized --- 11.02   10.59 9.27
Inception(1994-12-30) --- 13.60   13.55 ---
Max Front Load % Max Back Load % Net Exp Ratio % Gross Expense Ratio %
--- --- 1.31 1.31
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein. For performance data current to the most recent month-end, please call 800-442-3814 or visit www.baronfunds.com.
  Portfolio Profile    
Asset Allocation
% of Net Assets
Cash 3.9
Stocks 95.5
Bonds 0.0
Other 0.6
Foreign Stocks 5.6
(as a % of Assets)
Data through 2013-03-31
 
Holding Status
Total Number of Stock Holdings 95 Turnover % 3
Total Number of Bond Holdings 0 30 Day SEC Yield % ---
% of Assets in Top 10 Holdings 27.12 ending as of 2013-03-31
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %
% of Net
Assets
Arch Capital Group Ltd 10.93 19.22 3.28
ITC Holdings Corp 21.37 15.78 3.04
Dick's Sporting Goods, Inc. 21.05 15.57 2.94
Community Health Systems Inc 10.38 41.77 2.87
Genesee & Wyoming, Inc. Class A 74.63 15.42 2.82
LKQ Corporation 24.27 17.58 2.76
Ansys, Inc. 31.45 9.06 2.62
Gartner, Inc. Class A 26.60 23.27 2.35
FactSet Research Systems, Inc. 20.79 14.55 2.24
Penn National Gaming 24.10 15.66 2.20
Data through 2013-03-31
YTD Return through 2013-05-23
  Other Information
Fund Inception: 1994-12-30
Portfolio Manager  (Start Date)
Ronald Baron   (1994-12-30)
Ron founded Baron Capital in 1982as a research analyst. From 1970 to 1982, Ron worked for several brokerage firms as an institutional securities analyst. From 1966 to 1969, Ron worked at the U.S. Patent Office as a patent examiner, while attending George Washington University Law School. From 1965 to 1966, Ron worked at Georgetown University as a teaching fellow in biochemistry. Ron graduated from Bucknell University with a B.A. in Chemistry in 1965.
Sales Charge %
(taken from prospectus dated 2013-01-28)
Front: None
Deferred: None
Expense Ratio % 1.31
based on net assets
(taken from annual report dated 2013-03-31)
Correspondence Information
Baron Investment Funds Trust
767 Fifth Avenue 49th Floor
New York,  NY  10153
USA
Telephone:
800-442-3814
212-583-2100
Data on this page does not include the fund's short positions (if any).
Show Data Definitions
Become a Morningstar Premium Member. Enjoy our analyst picks and buy-sell opinions on 3,800 stocks, funds and ETFs. Learn more.

© Copyright 2013 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc.
Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.
















More National News



Most Popular Stories