BREIX Performance — Baron Real Estate Fund, Institutional Shares
Data updated: 2026-08-28
BREIX returned +5.86% year to date and +15.17% over one year to Jun 2026. Annualised returns are +10.84% over 3 years and +3.69% over 5 years. The fund beat its Real Estate category average: $100 invested three years ago grew to $136, against $132 for the category, and to $115 over one year, against $115. Volatility over the past three years was 19.29% a year. In the 12 months to Jun 2026 the fund lost a net $65.4M, and assets reached $2.29B.
BREIX Growth of $100
What $100 invested in Baron Real Estate Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Real Estate category average over the same months.
| Period | BREIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $115 | $115 |
| 3 years (Jul 2023 – Jun 2026) | $136 | $132 |
| 5 years (Jul 2021 – Jun 2026) | $120 | $119 |
| Since data start (Jul 2019 – Jun 2026) | $234 | $151 |
BREIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.86% |
| 1 year | +15.17% |
| 3 years (annualised) | +10.84% |
| 5 years (annualised) | +3.69% |
BREIX Annual Returns
Calendar-year total returns of Baron Real Estate Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +5.86% |
| 2025 | +5.18% |
| 2024 | +12.46% |
| 2023 | +25.06% |
| 2022 | −28.44% |
| 2021 | +24.34% |
| 2020 | +44.26% |
| 2019 (Jul–Dec) | +16.37% |
BREIX 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 | +1.4% | +0.6% | −7.2% | +7.6% | −1.4% | +5.4% | — | — | — | — | — | — |
| 2025 | +2.3% | −1.1% | −7.8% | −2.2% | +2.1% | +3.7% | +5.6% | +5.2% | −0.8% | −2.9% | +3.1% | −1.4% |
| 2024 | −2.6% | +7.1% | +3.8% | −10.0% | +2.2% | −1.2% | +9.7% | +1.7% | +5.6% | −1.1% | +6.3% | −7.7% |
| 2023 | +12.5% | −3.6% | −1.2% | +2.6% | −3.9% | +8.9% | +3.1% | −3.0% | −8.2% | −5.5% | +12.5% | +11.3% |
| 2022 | −8.5% | −0.7% | −1.8% | −7.1% | −4.2% | −10.7% | +10.5% | −5.2% | −9.2% | +5.4% | +6.4% | −5.3% |
| 2021 | +0.7% | +10.3% | 0.0% | +5.5% | −0.1% | −0.7% | −1.6% | +3.1% | −3.1% | +5.7% | −5.3% | +8.7% |
| 2020 | +0.8% | −6.4% | −15.1% | +13.8% | +10.9% | +2.9% | +8.2% | +7.5% | +2.0% | −3.8% | +12.3% | +8.0% |
| 2019 | — | — | — | — | — | — | +1.9% | +1.5% | +1.4% | +3.7% | +3.9% | +3.0% |
BREIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 19.29%
- 3-year Sharpe ratio: 0.33 (vs 4.5% risk-free rate)
- Best month: +12.54% (Nov 2023)
- Worst month: −10.02% (Apr 2024)
BREIX Fund Flows
Monthly money in and out of Baron Real Estate Fund, from SEC Form N-PORT.
- 12-month net flow: −$65.4M
- 12-month gross sales (incl. reinvestments): $1.2B
- Sales ÷ redemptions: 0.95×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $161.4M | $186.3M | −$24.9M |
| May 2026 | $26.9M | $110.3M | −$83.4M |
| Apr 2026 | $131.6M | $134.1M | −$2.5M |
| Mar 2026 | $36.2M | $75.1M | −$39.0M |
| Feb 2026 | $102.5M | $109.3M | −$6.8M |
| Jan 2026 | $165.5M | $163.8M | $1.7M |
| Dec 2025 | $87.1M | $54.4M | $32.7M |
| Nov 2025 | $96.5M | $102.3M | −$5.8M |
| Oct 2025 | $118.4M | $107.5M | $10.9M |
| Sep 2025 | $103.2M | $49.3M | $53.8M |
| Aug 2025 | $115.1M | $106.2M | $8.9M |
| Jul 2025 | $33.3M | $44.3M | −$11.1M |
BREIX Assets Under Management
Net assets of Baron Real Estate Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $2.29B |
| 2026-03-31 | $2.16B |
| 2025-12-31 | $2.33B |
| 2025-09-30 | $2.36B |
| 2025-06-30 | $2.13B |
| 2025-03-31 | $2.06B |
| 2024-12-31 | $2.15B |
| 2024-09-30 | $2.16B |
| 2024-06-30 | $1.75B |
| 2024-03-31 | $1.89B |
| 2023-12-31 | $1.74B |
| 2023-09-30 | $1.48B |
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.