What are the fees and expenses associated with Baron Funds?

Baron Funds typically outlines a variety of fees and expenses that can be associated with their mutual funds. These fees may vary depending on the specific fund, so it is crucial for investors to review the fund's prospectus for detailed and accurate information. Common fees associated with mutual funds in general, including those managed by Baron Funds, may include management fees, which cover the costs of investment management and administrative services, as well as performance fees, which can be charged if the fund exceeds certain performance benchmarks. Additionally, investors might encounter expenses related to distribution, typically referred to as 12b-1 fees, which are used to pay for marketing and distribution costs. There may also be other expenses, such as custodial fees, legal fees, and accounting fees, which are typically prorated among fund shareholders. It is important to recognize that these fees can affect the overall return on an investment over time. Baron Funds generally emphasizes transparency, and prospective and current investors should take the time to closely examine the fee structure as stated in the fund prospectus. This document will provide comprehensive information on the fees and expenses for each specific fund and can be found on the Baron Funds website. For the most accurate and current information, investors may wish to refer directly to the website for additional resources and contact points.