Baron Emerging Markets Fund

Overview

Baron Emerging Markets Fund is a U.S.-based mutual fund focusing on emerging market equities. The fund primarily invests in equity securities of growth companies domiciled, headquartered, or whose primary business activities are in developing countries. It aims to achieve capital appreciation by investing in companies with strong growth potential in emerging markets. The fund's investment strategy involves a bottom-up, fundamental research approach, emphasizing value-creating private sector entrepreneurs and forward-looking theme identification. This approach allows the fund to focus on promising growth areas and manage risks effectively. The portfolio is managed by Michael Kass, who has extensive experience in managing significant portfolios, and is assisted by Anuj Aggarwal and a team of research analysts dedicated to non-U.S. investing. As of December 31, 2025, the fund's net assets were approximately $4.01 billion, with a turnover ratio of 34.84%. The top holdings include Taiwan Semiconductor Manufacturing Company Limited, Tencent Holdings Limited, HD Korea Shipbuilding & Offshore Engineering Co., Ltd., Bharti Airtel Limited, and Alibaba Group Holding Limited. The fund's expense ratio is 1.11%, and it is open to new investors with a minimum initial investment of $2,000,000. The fund's portfolio is diversified across various countries and industries, with significant allocations to China, India, Taiwan, South Korea, and Brazil. The industry focus includes Information Technology, Communication Services, Consumer Discretionary, Financials, and Industrials. The fund's investment philosophy centers on identifying companies with strong growth potential in emerging markets, aiming to deliver long-term capital appreciation to its investors.

Investment Focus

• Minimum initial investment: $2,000,000

Portfolio Companies