BFGIX Performance — Baron Focused Growth Fund, Institutional Shares
Data updated: 2026-08-28
BFGIX returned +7.61% year to date and +26.72% over one year to Jun 2026. Annualised returns are +21.08% over 3 years and +12.76% over 5 years. The fund beat its US Mid-Cap Growth category average: $100 invested three years ago grew to $178, against $152 for the category, and to $127 over one year, against $118. Volatility over the past three years was 16.76% a year. In the 12 months to Jun 2026 the fund took in a net $2.1B, and assets reached $5.63B.
BFGIX Growth of $100
What $100 invested in Baron Focused Growth Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Growth category average over the same months.
| Period | BFGIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $127 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $178 | $152 |
| 5 years (Jul 2021 – Jun 2026) | $182 | $129 |
| Since data start (Jul 2019 – Jun 2026) | $479 | $203 |
BFGIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.61% |
| 1 year | +26.72% |
| 3 years (annualised) | +21.08% |
| 5 years (annualised) | +12.76% |
BFGIX Annual Returns
Calendar-year total returns of Baron Focused Growth Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +7.61% |
| 2025 | +22.26% |
| 2024 | +29.85% |
| 2023 | +27.76% |
| 2022 | −28.14% |
| 2021 | +19.17% |
| 2020 | +122.75% |
| 2019 (Jul–Dec) | +14.94% |
BFGIX 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 | −3.5% | +4.3% | −5.6% | +1.9% | +4.9% | +6.0% | — | — | — | — | — | — |
| 2025 | +4.0% | −6.5% | −5.3% | +0.7% | +9.5% | +2.3% | +2.0% | +2.4% | +0.3% | −2.7% | +3.7% | +11.3% |
| 2024 | −3.1% | +4.2% | +0.6% | −4.7% | +1.6% | +3.1% | +4.2% | +2.0% | +5.1% | −0.5% | +11.9% | +2.9% |
| 2023 | +12.9% | +0.9% | +0.4% | −1.7% | +1.2% | +8.0% | +3.2% | −4.0% | −4.4% | −5.6% | +8.6% | +7.1% |
| 2022 | −10.2% | −3.5% | +6.1% | −10.8% | −2.5% | −7.9% | +13.5% | −2.7% | −7.5% | +5.8% | +0.3% | −10.1% |
| 2021 | +5.3% | −1.6% | −3.4% | +3.2% | −4.4% | +3.8% | 0.0% | +4.4% | +0.5% | +17.0% | −5.3% | 0.0% |
| 2020 | +9.3% | −3.1% | −21.4% | +18.4% | +9.6% | +8.4% | +14.8% | +31.1% | −4.5% | −6.7% | +24.8% | +13.7% |
| 2019 | — | — | — | — | — | — | +3.7% | −2.2% | −1.8% | +3.9% | +5.8% | +5.1% |
BFGIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 16.76%
- 3-year Sharpe ratio: 0.99 (vs 4.5% risk-free rate)
- Best month: +11.86% (Nov 2024)
- Worst month: −6.51% (Feb 2025)
BFGIX Fund Flows
Monthly money in and out of Baron Focused Growth Fund, from SEC Form N-PORT.
- 12-month net flow: $2.1B
- 12-month gross sales (incl. reinvestments): $3.2B
- Sales ÷ redemptions: 2.97×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $496.4M | $443.5M | $52.9M |
| May 2026 | $725.9M | $100.8M | $625.1M |
| Apr 2026 | $492.5M | $46.5M | $446.0M |
| Mar 2026 | $251.0M | $73.3M | $177.6M |
| Feb 2026 | $324.6M | $55.8M | $268.8M |
| Jan 2026 | $292.1M | $91.7M | $200.4M |
| Dec 2025 | $224.4M | $43.8M | $180.5M |
| Nov 2025 | $79.5M | $33.9M | $45.6M |
| Oct 2025 | $94.6M | $76.4M | $18.1M |
| Sep 2025 | $83.1M | $45.0M | $38.2M |
| Aug 2025 | $74.5M | $40.2M | $34.3M |
| Jul 2025 | $98.5M | $39.9M | $58.6M |
BFGIX Assets Under Management
Net assets of Baron Focused Growth Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $5.63B |
| 2026-03-31 | $3.86B |
| 2025-12-31 | $3.41B |
| 2025-09-30 | $2.81B |
| 2025-06-30 | $2.55B |
| 2025-03-31 | $2.12B |
| 2024-12-31 | $2.11B |
| 2024-09-30 | $1.64B |
| 2024-06-30 | $1.41B |
| 2024-03-31 | $1.39B |
| 2023-12-31 | $1.33B |
| 2023-09-30 | $1.14B |
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.