TERMS AND CONDITIONS

Please read the following important legal information before continuing. By using this site, you are accepting our conditions of use. If you do not agree with these terms, do not use this site.
 
Baron Funds. The Baron Funds are offered only by a current prospectus. You may access the prospectus for any of the Funds at any time while in this website. The prospectus contains more complete information on the Funds, including information on their investment objectives, strategies, risks, and advisory fees and other expenses; you should read the prospectus carefully before investing or sending in money. You may obtain a free paper copy of the prospectus by calling toll-free at 800.992.BARON or by viewing a prospectus online.
 
The materials available on this website are not an offer or a solicitation of an offer to buy any of the Baron Funds, nor shall any of the Funds be offered or sold to any person, in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities law of such jurisdiction. This website should not be considered a solicitation or an offering of Baron Funds to investors residing outside the United States.
 
Modification of Terms and Monitoring of Web Site. Baron Capital Group, Inc., Baron Capital, Inc., Baron Capital Management, Inc. and BAMCO, Inc. (collectively "Baron" or "we") reserve the right to modify, add or remove portions of these terms at any time. We suggest you check periodically for changes. If you use the website after we post changes to the terms, you accept the changes. We reserve the right to monitor use of the website.
 
Copyrights and Restrictions on Use of Materials. The contents of this website are protected by applicable copyright laws. No permission is granted to copy, distribute, modify, post or frame any test, graphics, video, audio, software code, or user interface design or logos.
 
Restrictions on Use. You may not:
 
Copy, display, reproduce, republish, upload, post, transmit or otherwise distribute any of the pages, text, images, material or other content of this website without express written consent.
 
Copy, modify or display any of Baron Funds', Baron Capital Group, Inc.’s, Baron Capital, Inc.’s, Baron Capital Management, Inc.’s or BAMCO, Inc.’s name, logo, text or images in any way without express written consent.
 
Modify or use the pages, text, images, material or other content from this website for any other purpose.
 
Doing any of the foregoing will be a violation of copyrights and other proprietary rights.
 
Limited License. Individuals may, for personal use only, bookmark or point to any page within this website. Other users may link only to Baron's home page http://www.baronfunds.com and, in doing so, must deliver our home page address http://www.baronfunds.com. Linking in any other way is prohibited without express written consent.
 
Third Party Content. Baron will not be responsible for the accuracy or completeness of any information provided by third parties through this website, whether by hyperlink or otherwise.
 
Baron is in no way responsible for the content of any site owned by a third party that may be linked to this website via a hyperlink whether such hyperlink is provided by Baron or by a third party. No judgment or warranty is made with respect to the accuracy or suitability of the content of any site to which this site may link, including information on the site regarding this site; and Baron takes no responsibility therefor. By providing access to other websites, Baron is not recommending the purchase or sale of any stock issued by any company, nor is it endorsing services provided by any website's sponsoring organization.
 
Disclaimers. All information and contents of this website are furnished "as is" and Baron disclaims, to the fullest extent of the law, any implied or express warranty of any kind, including without limitation the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
 
Although Baron intends the information contained in this website to be accurate and reliable, errors sometimes occur. Baron does not warrant that the information to be free of errors, that the functions contained in the site will be uninterrupted, that defects will be corrected or that the site and servers are free from viruses or other harmful components.
 
Reference to a fund or security anywhere on this website is not a recommendation to buy, sell or hold that or any other security.
 
If you live in a state that does not allow disclaimers of implied warranties, our disclaimer may not apply to you.
 
Limitation of Liability. Baron is not liable under any circumstances, including but not limited to negligence, for any indirect, special or consequential damages that may result from the use of, or the inability to use, this site, even if we have been advised of the possibility of such damages.
 
Baron is not liable for damages or injury, including but not limited to damages or injury caused by any performance or failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communication, theft or destruction or unauthorized access to, alteration of, or use of information, whether resulting, in whole or in part, from breach of contract, tortious behavior, negligence, or otherwise. If you live in a state that does not allow the limitation or exclusion of liability or incidental or consequential damages, the above limitation or exclusion may not apply to you.
 
In no event shall Baron's total liability to you for damages, losses and causes of action, whether arising in contract, tort (including, negligence), or otherwise, exceed the amount paid by you, if any, for accessing this website.
 
Jurisdictional Issues and Applicable Law. Unless otherwise specified, Baron operates this site from our offices within the state of New York, United States of America. We do not claim that materials in this site are appropriate or available for use in locations other than New York. If you choose to access this site from other locations, you do so on your own initiative, and you are responsible for compliance with any local laws.
 
The laws of the State of New York govern these terms, without reference to conflict of law principles. If you take legal action relating to these terms, you agree to jurisdiction of the courts located within the City and County of New York, New York, and you consent and submit to the personal jurisdiction of those courts for the purposes of litigating any such action.
 
Integration and Severability. If any of these terms and conditions of use is held to be unenforceable, the remaining provisions shall continue in full force and effect.
 
The preceding terms and conditions of use represent the entire agreement between Baron and you regarding the subject matter herein.
 
Headings. Headings are inserted for convenience of reference only and do not constitute a part of the terms and conditions of use.
 
Posted April 11, 2011. Baron Capital, Inc., Distributor, Member FINRA.
 
© 2008-2011 Baron Capital, Inc., Member FINRA. All rights reserved.