BDAIX Performance — Baron Durable Advantage Fund, Institutional Shares
Data updated: 2026-08-28
BDAIX returned +3.39% year to date and +12.08% over one year to Jun 2026. Annualised returns are +20.19% over 3 years and +13.72% over 5 years. The fund trailed its US Large Growth category average: $100 invested three years ago grew to $174, against $175 for the category, and to $112 over one year, against $117. Volatility over the past three years was 16.42% a year. In the 12 months to Jun 2026 the fund lost a net $46.1M, and assets reached $524.08M.
BDAIX Growth of $100
What $100 invested in Baron Durable Advantage Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Growth category average over the same months.
| Period | BDAIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $112 | $117 |
| 3 years (Jul 2023 – Jun 2026) | $174 | $175 |
| 5 years (Jul 2021 – Jun 2026) | $190 | $166 |
| Since data start (Jul 2019 – Jun 2026) | $303 | $271 |
BDAIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +3.39% |
| 1 year | +12.08% |
| 3 years (annualised) | +20.19% |
| 5 years (annualised) | +13.72% |
BDAIX Annual Returns
Calendar-year total returns of Baron Durable Advantage Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +3.39% |
| 2025 | +16.56% |
| 2024 | +27.15% |
| 2023 | +45.51% |
| 2022 | −24.80% |
| 2021 | +32.16% |
| 2020 | +20.33% |
| 2019 (Jul–Dec) | +13.78% |
BDAIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.7% | −5.4% | −5.5% | +15.1% | +2.0% | −3.2% | — | — | — | — | — | — |
| 2025 | +4.4% | −4.2% | −7.1% | −1.1% | +10.0% | +6.2% | +5.0% | −1.3% | +1.9% | +2.8% | 0.0% | −0.1% |
| 2024 | +3.2% | +6.2% | +1.1% | −4.0% | +4.2% | +5.2% | +1.3% | +2.1% | +2.2% | −0.8% | +4.7% | −0.7% |
| 2023 | +10.1% | −1.5% | +7.1% | +1.2% | +3.0% | +6.2% | +4.5% | −0.6% | −4.2% | −1.2% | +10.5% | +4.3% |
| 2022 | −8.0% | −5.3% | +2.9% | −9.1% | −0.4% | −6.8% | +10.9% | −5.2% | −9.6% | +4.6% | +6.5% | −6.0% |
| 2021 | −3.0% | +2.2% | +3.9% | +8.6% | +0.1% | +4.0% | +4.7% | +3.1% | −5.4% | +8.0% | −0.9% | +3.7% |
| 2020 | +1.6% | −7.5% | −10.6% | +13.5% | +5.6% | +1.9% | +5.7% | +5.8% | −2.7% | −3.1% | +9.3% | +1.6% |
| 2019 | — | — | — | — | — | — | +1.5% | +0.9% | +0.7% | +2.3% | +4.2% | +3.5% |
BDAIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 16.42%
- 3-year Sharpe ratio: 0.96 (vs 4.5% risk-free rate)
- Best month: +15.09% (Apr 2026)
- Worst month: −7.09% (Mar 2025)
BDAIX Fund Flows
Monthly money in and out of Baron Durable Advantage Fund, from SEC Form N-PORT.
- 12-month net flow: −$46.1M
- 12-month gross sales (incl. reinvestments): $180.7M
- Sales ÷ redemptions: 0.80×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $18.5M | $19.9M | −$1.4M |
| May 2026 | $6.1M | $24.9M | −$18.8M |
| Apr 2026 | $18.7M | $23.4M | −$4.7M |
| Mar 2026 | $20.1M | $27.2M | −$7.1M |
| Feb 2026 | $18.1M | $19.0M | −$880K |
| Jan 2026 | $27.4M | $15.3M | $12.1M |
| Dec 2025 | $6.9M | $6.7M | $216K |
| Nov 2025 | $26.5M | $36.9M | −$10.4M |
| Oct 2025 | $9.2M | $9.8M | −$646K |
| Sep 2025 | $10.0M | $26.8M | −$16.8M |
| Aug 2025 | $9.3M | $10.5M | −$1.2M |
| Jul 2025 | $10.0M | $6.4M | $3.6M |
BDAIX Assets Under Management
Net assets of Baron Durable Advantage Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $524.08M |
| 2026-03-31 | $482.93M |
| 2025-12-31 | $527.56M |
| 2025-09-30 | $524.97M |
| 2025-06-30 | $510.46M |
| 2025-03-31 | $446.37M |
| 2024-12-31 | $482.57M |
| 2024-09-30 | $472.30M |
| 2024-06-30 | $423.87M |
| 2024-03-31 | $327.13M |
| 2023-12-31 | $182.16M |
| 2023-09-30 | $99.75M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.