BHCUX Performance — Baron Health Care Fund, R6 Shares
Data updated: 2026-08-28
BHCUX returned +4.18% year to date and +24.18% over one year to Jun 2026. Annualised returns are +5.66% over 3 years and +1.27% over 5 years. The fund trailed its Health Care Equity category average: $100 invested three years ago grew to $118, against $138 for the category, and to $124 over one year, against $137. Volatility over the past three years was 15.05% a year. In the 12 months to Jun 2026 the fund lost a net $55.0M, and assets reached $114.12M.
BHCUX Growth of $100
What $100 invested in Baron Health Care Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Health Care Equity category average over the same months.
| Period | BHCUX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $124 | $137 |
| 3 years (Jul 2023 – Jun 2026) | $118 | $138 |
| 5 years (Jul 2021 – Jun 2026) | $107 | $121 |
| Since data start (Jul 2019 – Jun 2026) | $196 | $182 |
BHCUX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +4.18% |
| 1 year | +24.18% |
| 3 years (annualised) | +5.66% |
| 5 years (annualised) | +1.27% |
BHCUX Annual Returns
Calendar-year total returns of Baron Health Care Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +4.18% |
| 2025 | +10.27% |
| 2024 | +1.50% |
| 2023 | +6.44% |
| 2022 | −16.91% |
| 2021 | +15.81% |
| 2020 | +47.77% |
| 2019 (Jul–Dec) | +10.82% |
BHCUX 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% | +0.2% | −5.6% | −0.7% | +3.9% | +8.5% | — | — | — | — | — | — |
| 2025 | +5.9% | −3.2% | −4.9% | −1.4% | −5.3% | +1.7% | −0.8% | +4.4% | +1.8% | +6.7% | +10.1% | −3.7% |
| 2024 | +2.1% | +5.0% | +1.6% | −5.8% | +1.6% | +1.8% | +1.9% | +4.6% | −0.7% | −4.4% | +1.7% | −7.0% |
| 2023 | −0.5% | −4.8% | +1.7% | +5.8% | −0.8% | +4.2% | +0.3% | −1.8% | −4.5% | −3.3% | +6.2% | +4.9% |
| 2022 | −14.4% | +0.9% | +4.3% | −7.1% | −1.8% | −1.3% | +4.8% | −5.0% | −5.6% | +7.9% | +4.0% | −2.7% |
| 2021 | +3.3% | +0.3% | −2.8% | +8.1% | −1.3% | +4.4% | +2.9% | +1.8% | −3.3% | +5.8% | −8.0% | +4.9% |
| 2020 | −0.2% | −2.8% | −6.5% | +12.6% | +9.0% | +1.5% | +2.8% | +5.1% | +3.3% | −1.7% | +10.6% | +7.6% |
| 2019 | — | — | — | — | — | — | +0.5% | −1.8% | −4.8% | +4.8% | +9.2% | +2.9% |
BHCUX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 15.05%
- 3-year Sharpe ratio: 0.08 (vs 4.5% risk-free rate)
- Best month: +10.09% (Nov 2025)
- Worst month: −7.00% (Dec 2024)
BHCUX Fund Flows
Monthly money in and out of Baron Health Care Fund, from SEC Form N-PORT.
- 12-month net flow: −$55.0M
- 12-month gross sales (incl. reinvestments): $9.4M
- Sales ÷ redemptions: 0.15×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $820K | $5.0M | −$4.2M |
| May 2026 | $343K | $3.7M | −$3.4M |
| Apr 2026 | $498K | $11.3M | −$10.8M |
| Mar 2026 | $730K | $9.7M | −$9.0M |
| Feb 2026 | $434K | $3.5M | −$3.1M |
| Jan 2026 | $939K | $3.0M | −$2.0M |
| Dec 2025 | $1.3M | $1.3M | −$33K |
| Nov 2025 | $643K | $7.4M | −$6.7M |
| Oct 2025 | $1.1M | $3.0M | −$1.9M |
| Sep 2025 | $659K | $3.9M | −$3.2M |
| Aug 2025 | $517K | $4.5M | −$4.0M |
| Jul 2025 | $1.4M | $8.1M | −$6.6M |
BHCUX Assets Under Management
Net assets of Baron Health Care Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $114.12M |
| 2026-03-31 | $120.17M |
| 2025-12-31 | $144.04M |
| 2025-09-30 | $135.37M |
| 2025-06-30 | $142.13M |
| 2025-03-31 | $171.77M |
| 2024-12-31 | $193.49M |
| 2024-09-30 | $238.30M |
| 2024-06-30 | $232.91M |
| 2024-03-31 | $240.42M |
| 2023-12-31 | $210.52M |
| 2023-09-30 | $199.58M |
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.