BRIIX Performance — Baron Real Estate Income Fund, Institutional Shares
Data updated: 2026-08-28
BRIIX returned +13.44% year to date and +19.11% over one year to Jun 2026. Annualised returns are +13.81% over 3 years and +5.14% over 5 years. The fund beat its Real Estate category average: $100 invested three years ago grew to $147, against $132 for the category, and to $119 over one year, against $115. Volatility over the past three years was 14.93% a year. In the 12 months to Jun 2026 the fund took in a net $14.5M, and assets reached $297.95M.
BRIIX Growth of $100
What $100 invested in Baron Real Estate Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Real Estate category average over the same months.
| Period | BRIIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $119 | $115 |
| 3 years (Jul 2023 – Jun 2026) | $147 | $132 |
| 5 years (Jul 2021 – Jun 2026) | $128 | $119 |
| Since data start (Jul 2019 – Jun 2026) | $207 | $151 |
BRIIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +13.44% |
| 1 year | +19.11% |
| 3 years (annualised) | +13.81% |
| 5 years (annualised) | +5.14% |
BRIIX Annual Returns
Calendar-year total returns of Baron Real Estate Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +13.44% |
| 2025 | +3.74% |
| 2024 | +17.35% |
| 2023 | +15.50% |
| 2022 | −27.48% |
| 2021 | +29.58% |
| 2020 | +22.28% |
| 2019 (Jul–Dec) | +13.17% |
BRIIX 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 | +1.1% | +5.3% | −5.0% | +8.1% | −0.3% | +4.0% | — | — | — | — | — | — |
| 2025 | +0.5% | +4.1% | −5.3% | −2.0% | +1.5% | +0.2% | +0.9% | +3.6% | +0.9% | −0.8% | +2.3% | −1.9% |
| 2024 | −3.4% | +4.1% | +1.4% | −7.5% | +4.0% | +2.0% | +4.7% | +6.2% | +4.5% | +0.6% | +5.8% | −5.2% |
| 2023 | +10.3% | −4.7% | −0.4% | +1.0% | −2.4% | +4.8% | +2.2% | −1.9% | −6.7% | −4.2% | +10.1% | +8.1% |
| 2022 | −6.7% | −0.5% | +4.6% | −6.0% | −6.4% | −7.3% | +7.8% | −5.3% | −12.2% | +2.1% | +5.6% | −5.3% |
| 2021 | −1.0% | +5.6% | +2.9% | +5.9% | +0.6% | +1.7% | +0.4% | +2.7% | −4.5% | +5.8% | −2.3% | +9.2% |
| 2020 | +1.5% | −6.2% | −11.6% | +8.2% | +7.2% | +1.0% | +5.4% | +4.0% | −1.0% | −2.2% | +10.9% | +5.4% |
| 2019 | — | — | — | — | — | — | +2.6% | +2.4% | +1.4% | +3.8% | +1.6% | +0.8% |
BRIIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 14.93%
- 3-year Sharpe ratio: 0.62 (vs 4.5% risk-free rate)
- Best month: +10.13% (Nov 2023)
- Worst month: −7.54% (Apr 2024)
BRIIX Fund Flows
Monthly money in and out of Baron Real Estate Income Fund, from SEC Form N-PORT.
- 12-month net flow: $14.5M
- 12-month gross sales (incl. reinvestments): $113.5M
- Sales ÷ redemptions: 1.15×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $8.2M | $10.9M | −$2.7M |
| May 2026 | $4.0M | $2.3M | $1.7M |
| Apr 2026 | $16.9M | $13.6M | $3.4M |
| Mar 2026 | $5.6M | $2.2M | $3.4M |
| Feb 2026 | $7.6M | $6.9M | $738K |
| Jan 2026 | $13.6M | $13.1M | $562K |
| Dec 2025 | $3.9M | $8.0M | −$4.1M |
| Nov 2025 | $12.2M | $12.1M | $121K |
| Oct 2025 | $12.3M | $10.7M | $1.5M |
| Sep 2025 | $4.3M | $2.7M | $1.6M |
| Aug 2025 | $21.4M | $13.5M | $8.0M |
| Jul 2025 | $3.3M | $3.0M | $276K |
BRIIX Assets Under Management
Net assets of Baron Real Estate Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $297.95M |
| 2026-03-31 | $264.45M |
| 2025-12-31 | $257.74M |
| 2025-09-30 | $262.15M |
| 2025-06-30 | $239.83M |
| 2025-03-31 | $229.76M |
| 2024-12-31 | $183.03M |
| 2024-09-30 | $176.55M |
| 2024-06-30 | $145.77M |
| 2024-03-31 | $150.04M |
| 2023-12-31 | $148.01M |
| 2023-09-30 | $130.00M |
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.