Baron Income Fund Invests in Growth Companies

Baron Funds unveiled its Baron Retirement Income Fund, which invests in growth companies to provide investment growth along with income that outpaces inflation.

According to a release, the new offering is a no-load, open-end, non-diversified mutual fund that invests primarily in small- to mid-sized growth companies. Ron Baron, who will manage Baron Retirement Income Fund, said the fund will pay investors a minimum distribution of 4% of net assets per share each year, which they may choose to receive or reinvest.

It is anticipated that a portion of an investor’s distribution each year may consist of a non-taxable return of capital, which reduces cost basis.

Although Baron Retirement Income Fund is a newly registered mutual fund, the portfolio has been managed in the same style and by the same manager since May 31, 1996, when it was formed as a partnership, the release said.

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