BIGFX Fees and Costs — Baron International Growth Fund, Retail Shares
Data updated: 2026-08-28
The net expense ratio is 1.21%: a 0.88% management fee, a 0.25% 12b-1 fee plus 0.13% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $279K in broker commissions, 0.0830% of average net assets, and portfolio turnover was 31%.
BIGFX Fees and Expenses
Annual operating expenses and sales charges of BIGFX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.88% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.13% |
| Gross expense ratio | 1.26% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.21% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BIGFX Costs Over Time
On $10,000 invested in BIGFX, assuming 5% a year before costs, total costs come to $804 over 5 years, cutting the return by 1.36% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.21%) | $127 | $395 | $683 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $443 | $804 |
| Value after costs | $10,364 | $11,133 | $11,959 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
BIGFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0830%
- Total broker commissions: $279K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
BIGFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $48K | 21.72% |
| Citigroup Global Markets Inc. | $48K | 21.63% |
| Goldman Sachs & Co. LLC | $32K | 14.63% |
| UBS Securities LLC | $30K | 13.63% |
| J.P. Morgan Securities LLC | $18K | 8.29% |
| CLSA Americas, LLC | $10K | 4.67% |
| BofA Securities, Inc. | $9K | 4.28% |
| Mediobanca Societa' di Gestione del Risparmio S.p.A. | $9K | 3.87% |
| RBC Capital Markets, LLC | $8K | 3.71% |
| Morgan Stanley & Co. LLC | $8K | 3.57% |
BIGFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.4B | 100.00% |
Baron International Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BIGUX | R6 Shares | 0.96% | — |
| BINIX | Institutional Shares | 0.96% | — |
| BIGFX | Retail Shares | 1.21% | — |
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.