Baron Global Advantage Fund (BGAFX)

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Fund Description

Baron Global Advantage Fund invests in growth companies of all sizes anywhere.

  

Fund Resources

Latest Fact Sheets

Standard Fact Sheet

Expanded Fact Sheet - Institutional Shares

  

Facts & Characteristics as of June 30, 2015

Inception Date April 30, 2012
Net Assets (All share classes combined) $8.93 million
# of Equity Securities / % of Net Assets 42/99.7%
Turnover (3 Year Average) 70.71%
Median Market Cap $5.03 billion
Weighted Average Market Cap $58.48 billion
CUSIP 06828M843
Gross Expense Ratio (as of FYE 12/14) 3.61%
Less: Reimbursement of Expenses by Adviser (as of FYE 12/14) (2.11)%
Net Expense Ratio (as of FYE 12/14) 1.50%
EPS Growth (3-5 year forecast) 31.9%
Price/Earnings Ratio (trailing 12- month) 28.0
Price/Book Ratio 4.1
Price/Sales Ratio 3.4

Top Ten Holdings as of July 31, 2015

Holding Sector Percentage*
Amazon.com, Inc. (AMZN) is an e-commerce pioneer, innovator, and market share leader, with relentless focus on providing customers value and convenience.
Consumer Discretionary 8.3%
JUST EAT plc (je.ln) is the leading online/mobile restaurant delivery aggregator/platform in the U.K., Denmark, Ireland, France, Spain, Switzerland, Norway, and Canada, with a nascent position in Italy. The company generates a 10-13% commission on gross food sales ordered via its websites and mobile apps.
Information Technology 4.9%
Facebook, Inc. (FB) is the world's largest social network with over 1.25 billion active monthly users, 950 million mobile users, and 750 million daily active users.
Information Technology 4.4%
SunEdison, Inc. (SUNE) is the world's largest renewable energy development company.
Information Technology 4.3%
Google, Inc. (GOOG) focuses on improving the ways people connect with information. The company provides a variety of services and tools for advertisers, primarily for search and display.
Information Technology 4.0%
Mobileye N.V. (MBLY) provides automated driver assistance technologies. Its monocular vision platform helps drivers improve safety and avoid accidents, and revolutionizes the way customers drive.
Information Technology 3.8%
TAL Education Group (XRS) is a leading K-12 after school tutoring provider in China.
Consumer Discretionary 3.8%
Illumina, Inc. (ILMN) develops and commercializes tools and services for genetic analysis. The company is the recognized leader in next generation DNA sequencing platforms.
Health Care 3.7%
TerraForm Global, Inc.
Utilities 3.7%
Alibaba Group Holding Ltd. (BABA) is the largest e-commerce company in the world and the premier online shopping destination for consumers, brands, and retailers. Alibaba owns and operates the Taobao and Tmall platforms, and controls Alipay through its ownership itnerst in Ant Financial.
Information Technology 3.5%
Total 44.4%
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Portfolio Holdings as of June 30, 2015

Holding Sector Market Cap ($Bn) Percentage*
Amazon.com, Inc. Consumer Discretionary $202.148 7.6%
SunEdison, Inc. Information Technology $9.376 5.6%
JUST EAT plc Information Technology $4.313 5.2%
Facebook, Inc. Information Technology $240.848 4.5%
Illumina, Inc. Health Care $31.466 4.2%
Alibaba Group Holding Ltd. - ADR Information Technology $206.697 4.1%
TerraForm Global, Inc. Utilities - 4.1%
Sarana Menara Nusantara Tbk PT Telecommunication Services $3.061 3.8%
Mellanox Technologies Ltd. Information Technology $2.231 3.7%
Google, Inc. - Cl C Information Technology $361.343 3.7%
Check Point Software Technologies Ltd. Information Technology $14.621 3.3%
TerraForm Power, Inc. Utilities $5.536 2.8%
Tower Bersama Infrastructure Tbk PT Telecommunication Services $3.319 2.7%
Constellation Software, Inc. Information Technology $8.413 2.7%
Smiles SA Consumer Discretionary $2.086 2.4%
Baidu, Inc. Information Technology $69.923 2.3%
Brookfield Infrastructure Partners L.P. Utilities $7.304 2.3%
Cetip SA - Mercados Organizados Financials $2.883 2.3%
Qunar Cayman Islands Ltd. - ADR Consumer Discretionary $5.428 2.3%
Benefitfocus, Inc. Information Technology $1.254 2.2%
Medidata Solutions, Inc. Health Care $3.003 2.1%
TAL Education Group - ADR Consumer Discretionary $2.821 2.1%
Mobileye N.V. Information Technology $11.522 2.1%
Tallgrass Energy GP, LP Class A Energy $5.055 2.1%
The Priceline Group, Inc. Consumer Discretionary $59.683 2.0%
Naspers Limited Consumer Discretionary $65.407 2.0%
ICICI Bank Limited - ADR Financials $30.239 1.6%
ASML Holding N.V. Information Technology $45.123 1.5%
Westlake Chemical Partners LP Materials $0.589 1.5%
Acxiom Corp. Information Technology $1.374 1.3%
Targa Resources Corp. Energy $4.998 1.3%
ARM Holdings plc Information Technology $22.945 1.3%
Ctrip.com International, Ltd. Consumer Discretionary $10.210 1.2%
Axis Bank Ltd. Financials $20.846 0.9%
Columbia Pipeline Partners LP Energy $2.536 0.9%
Atlas Energy Group, LLC Energy $0.130 0.8%
MakeMyTrip Limited Consumer Discretionary $0.826 0.7%
Seadrill Partners, LLC Energy $1.133 0.7%
Just Dial Ltd. Information Technology $1.405 0.7%
Aerie Pharmaceuticals, Inc. Health Care $0.449 0.5%
Glaukos Corporation Health Care $0.880 0.4%
PRINCIPAL CASH Cash & Cash Equivalents - 0.3%
Unilife Corporation Health Care $0.282 0.2%
Total 100.0%
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Sector Breakdown as of July 31, 2015

Sector Sub-Industry Percentage*
Cash & Cash Equivalents
4.7%
Consumer Discretionary
  • Internet Retail 13.3%
  • Education Services 3.8%
  • Advertising 2.0%
  • Cable & Satellite 2.0%
21.1%
Energy
  • Oil & Gas Storage & Transportation 3.9%
  • Oil & Gas Drilling 0.6%
  • Oil & Gas Exploration & Production 0.4%
4.9%
Financials
  • Diversified Banks 2.2%
  • Asset Management & Custody Banks 1.9%
4.1%
Health Care
  • Life Sciences Tools & Services 3.7%
  • Health Care Technology 1.8%
  • Health Care Equipment 0.4%
  • Pharmaceuticals 0.4%
  • Health Care Supplies 0.2%
6.6%
Information Technology
  • Internet Software & Services 20.7%
  • Application Software 6.5%
  • Semiconductor Equipment 5.6%
  • Systems Software 5.3%
  • Semiconductors 3.9%
  • IT Consulting & Other Services 1.7%
43.7%
Materials
  • Commodity Chemicals 1.3%
1.3%
Telecommunication Services
  • Wireless Telecommunication Services 5.4%
5.4%
Utilities
  • Renewable Electricity 6.1%
  • Electric Utilities 2.2%
8.2%
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Country Breakdown As of July 31, 2015

Country Breakdown
Developed % of Net Assets
Canada 2.7%
Israel 9.7%
Netherlands 1.3%
Norway 0.6%
United Kingdom 6.0%
United States 48.9%
Country Breakdown
Developing % of Net Assets
Brazil 3.9%
China 12.1%
India 2.7%
Indonesia 5.4%
South Africa 2.0%
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Top Contributors & Detractors as of June 30, 2015

3 Months | 12 Months

3 Months

By Sub-Industry
Top Contributors Average Weight Contribution
Internet Retail 13.90% 1.25%
Semiconductor Equipment 6.84% 1.17%
Application Software 4.02% 0.70%
Life Sciences Tools & Services 3.79% 0.62%
Asset Management & Custody Banks 2.25% 0.28%
Top Detractors Average Weight Contribution
Commodity Chemicals 1.64% -0.34%
Oil & Gas Exploration & Production 0.92% -0.24%
Pharmaceuticals 0.60% -0.21%
Wireless Telecommunication Services 7.79% -0.19%
Renewable Electricity^ 3.81% -0.18%
By Holdings
Top Contributors Average Weight Contribution
SunEdison, Inc. 5.28% 1.14%
Amazon.com, Inc. 6.95% 0.98%
Illumina, Inc. 3.79% 0.62%
Constellation Software, Inc. 2.71% 0.37%
Benefitfocus, Inc. 1.83% 0.34%
Top Detractors Average Weight Contribution
Westlake Chemical Partners LP 1.64% -0.34%
TerraForm Global, Inc. 0.97% -0.33%
Atlas Energy Group, LLC 0.92% -0.24%
Google, Inc. 3.79% -0.20%
Unilife Corporation 0.29% -0.17%

12 Months

By Sub-Industry
Top Contributors Average Weight Contribution
Semiconductor Equipment 4.89% 2.79%
Semiconductors 4.94% 1.36%
Application Software 2.97% 1.31%
Education Services 2.69% 1.01%
Internet Retail 12.64% 0.91%
Top Detractors Average Weight Contribution
Wireless Telecommunication Services 10.21% -1.08%
Oil & Gas Drilling 0.94% -0.92%
Biotechnology 1.85% -0.78%
Asset Management & Custody Banks 2.86% -0.70%
Oil & Gas Exploration & Production 0.25% -0.37%
By Holdings
Top Contributors Average Weight Contribution
SunEdison, Inc. 3.21% 2.61%
Amazon.com, Inc. 5.38% 1.81%
JUST EAT plc 4.06% 1.57%
Mellanox Technologies Ltd. 3.57% 1.23%
Facebook, Inc. 4.56% 1.15%
Top Detractors Average Weight Contribution
Coupons.com Incorporated 0.69% -1.21%
Xoom Corporation 0.64% -1.02%
Atlas Energy, L.P. 2.13% -0.93%
Seadrill Partners, LLC 0.94% -0.92%
AO World plc 0.55% -0.90%
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Price/Book Ratio and Price/Sales Ratio are calculated using the Weighted Harmonic Average. Source: FactSet PA. Internal valuation metrics may differ.

*Top Ten Holdings, Portfolio Holdings, and Sector Breakdown based on net assets. Positions smaller than 0.05% round to 0.0%. Portfolio holdings may change over time.

Industry sector or sub-industry group levels are provided from the Global Industry Classification Standard ("GICS"), developed and exclusively owned by MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"), unless otherwise stated that they have been reclassified or classified by the Adviser. All GICS data is provided "as is" with no warranties.

^The Adviser has reclassified/classified certain securities in or out of this Sub-Industry. Such reclassifications/classifications are not supported by S&P or MSCI.
 
Top Contributors & Detractors Source: FactSet PA.

One year turnover information to the most recent quarter and average market cap (unweighted) is available upon request.