BGAFX Performance — Baron Global Opportunity Fund, Retail Shares
Data updated: 2026-08-28
BGAFX returned +20.45% year to date and +38.24% over one year to Jun 2026. Annualised returns are +27.74% over 3 years and +1.44% over 5 years. The fund beat its Global Large Growth category average: $100 invested three years ago grew to $208, against $157 for the category, and to $138 over one year, against $114. Volatility over the past three years was 20.89% a year. In the 12 months to Jun 2026 the fund took in a net $441.5M, and assets reached $1.39B.
BGAFX Growth of $100
What $100 invested in Baron Global Opportunity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Large Growth category average over the same months.
| Period | BGAFX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $138 | $114 |
| 3 years (Jul 2023 – Jun 2026) | $208 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $107 | $141 |
| Since data start (Jul 2019 – Jun 2026) | $227 | $216 |
BGAFX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +20.45% |
| 1 year | +38.24% |
| 3 years (annualised) | +27.74% |
| 5 years (annualised) | +1.44% |
BGAFX Annual Returns
Calendar-year total returns of Baron Global Opportunity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +20.45% |
| 2025 | +27.42% |
| 2024 | +26.10% |
| 2023 | +25.24% |
| 2022 | −51.70% |
| 2021 | +0.67% |
| 2020 | +79.01% |
| 2019 (Jul–Dec) | +7.73% |
BGAFX 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 | −0.8% | −1.1% | −3.1% | +6.5% | +8.2% | +9.8% | — | — | — | — | — | — |
| 2025 | +5.0% | −3.0% | −11.1% | +5.1% | +10.0% | +6.1% | +2.1% | +1.8% | +3.8% | +5.4% | −6.9% | +8.5% |
| 2024 | −0.5% | +3.4% | +0.6% | −5.2% | +2.0% | +6.9% | −1.6% | +5.6% | +1.6% | +1.2% | +11.0% | −0.5% |
| 2023 | +11.1% | −3.8% | +2.3% | −4.5% | +8.1% | +3.1% | +6.5% | −5.3% | −6.9% | −7.2% | +17.2% | +5.6% |
| 2022 | −19.0% | −4.9% | +0.1% | −19.7% | −7.8% | −8.7% | +13.0% | 0.0% | −10.0% | +2.0% | −1.6% | −9.4% |
| 2021 | +2.8% | +4.9% | −8.9% | +7.1% | −3.8% | +8.5% | −2.5% | +3.8% | −6.0% | +6.4% | −5.1% | −4.4% |
| 2020 | +6.1% | −0.4% | −12.7% | +14.2% | +17.3% | +9.2% | +7.3% | +5.7% | −0.3% | −0.7% | +11.7% | +5.7% |
| 2019 | — | — | — | — | — | — | +2.3% | −2.5% | −3.7% | +2.7% | +8.0% | +1.1% |
BGAFX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 20.89%
- 3-year Sharpe ratio: 1.11 (vs 4.5% risk-free rate)
- Best month: +17.16% (Nov 2023)
- Worst month: −11.09% (Mar 2025)
BGAFX Fund Flows
Monthly money in and out of Baron Global Opportunity Fund, from SEC Form N-PORT.
- 12-month net flow: $441.5M
- 12-month gross sales (incl. reinvestments): $742.3M
- Sales ÷ redemptions: 2.47×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $108.8M | $102.5M | $6.3M |
| May 2026 | $131.1M | $20.0M | $111.1M |
| Apr 2026 | $169.7M | $11.6M | $158.1M |
| Mar 2026 | $41.3M | $18.2M | $23.1M |
| Feb 2026 | $97.1M | $8.3M | $88.8M |
| Jan 2026 | $48.1M | $16.9M | $31.3M |
| Dec 2025 | $43.0M | $10.8M | $32.2M |
| Nov 2025 | $40.6M | $41.8M | −$1.2M |
| Oct 2025 | $8.1M | $11.0M | −$2.9M |
| Sep 2025 | $4.3M | $13.0M | −$8.6M |
| Aug 2025 | $9.6M | $38.5M | −$28.9M |
| Jul 2025 | $40.6M | $8.3M | $32.3M |
BGAFX Assets Under Management
Net assets of Baron Global Opportunity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.39B |
| 2026-03-31 | $837.19M |
| 2025-12-31 | $736.48M |
| 2025-09-30 | $666.61M |
| 2025-06-30 | $623.70M |
| 2025-03-31 | $510.15M |
| 2024-12-31 | $589.10M |
| 2024-09-30 | $561.28M |
| 2024-06-30 | $600.95M |
| 2024-03-31 | $639.25M |
| 2023-12-31 | $687.97M |
| 2023-09-30 | $683.02M |
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.