BINRX Fees and Costs — Baron India Fund, Retail Shares
Data updated: 2026-08-28
The net expense ratio is 1.45%: a 1.00% management fee, a 0.25% 12b-1 fee plus 1.77% other expenses, less a 1.57% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $32K in broker commissions, 0.1995% of average net assets, and portfolio turnover was 35%.
BINRX Fees and Expenses
Annual operating expenses and sales charges of BINRX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.77% |
| Gross expense ratio | 3.02% |
| Fee waiver | −1.57% |
| Net expense ratio | 1.45% |
| 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 |
BINRX Costs Over Time
On $10,000 invested in BINRX, assuming 5% a year before costs, total costs come to $1,018 over 5 years, cutting the return by 1.73% 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 1.45%) | $152 | $472 | $813 |
| Trading costs (broker commissions) | $21 | $65 | $112 |
| Lost growth on money paid in costs | $0 | $27 | $94 |
| Total costs | $173 | $563 | $1,018 |
| Value after costs | $10,327 | $11,013 | $11,744 |
| Impact on return, per year | 1.73% | 1.73% | 1.73% |
BINRX 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): 0.1995%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $125.0M
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
BINRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $21K | 64.69% |
| Jefferies LLC | $8K | 24.99% |
| Nomura Securities International, Inc. | $889 | 2.78% |
| JM Financial Limited | $771 | 2.41% |
| J.P. Morgan Securities LLC | $625 | 1.95% |
| UBS Securities LLC | $330 | 1.03% |
| Kotak Securities Limited | $223 | 0.70% |
| CLSA Americas, LLC | $211 | 0.66% |
| Sanford C. Bernstein & Co., LLC | $192 | 0.60% |
| Macquarie Capital (USA) Inc. | $64 | 0.20% |
BINRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $125.0M | 100.00% |
Baron India Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BINDX | Institutional Shares | 1.20% | — |
| BINUX | R6 Shares | 1.20% | — |
| BINRX | Retail Shares | 1.45% | — |
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.