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Symbol Name Inst. Rating* Comments
Domestic - Large Growth
Baron Fifth Avenue Growth Fund invests in larger companies with market capitalizations of more then $5 billion that we believe have a long-term sustainable competitive advantage and attractive growth rates. Our goal is to find companies that can double in size within five years.

Domestic - Mid-Cap Growth
Baron Growth Fund invests primarily in small-cap growth companies that we believe have long-term sustainable competitive advantages and that can be purchased at what we believe to be attractive prices. We define small companies as having a market capitalization of less than $2.5 billion at the time of purchase.

Baron iOpportunity Fund invests in businesses that we believe will benefit from Internet-related and information-technology growth opportunities. The Fund, managed by Michael Lippert, uses Baron's long-term and value-oriented approach to investing.


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