Baron Global Advantage has posted significant losses to start off 2022. For the year-to-date period through March 18, the institutional shares declined 24.2%, placing them in the bottom decile of world large-stock growth Morningstar Category peers. This comes after a similarly rough year in 2021 that saw the shares return just 0.9% relative to the 12.8% gain for the fund's average peer. Despite the challenging performance, the longer-term track record remains strong, and results are mostly in line with expectations given its aggressive mandate. The fund retains its Morningstar Analyst Rating of Bronze.
Will BGAIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BGAIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the BGAIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of BGAIX’s parent organization’s priorities and whether they’re in line with investors’ interests.