Morningstar

Baron Real Estate Income Fund Institutional Shares BRIIX

Medalist Rating as of Sep 30, 2026 See Baron Capital Investment Hub

Strategy

The investment seeks a combination of capital appreciation and current income. The fund invests at least 80% of its net assets in real estate income-producing securities and other real estate securities of any market capitalization, including common stocks and equity securities, debt and preferred securities, non-U.S. real estate income-producing securities, and any other real estate-related yield securities. It is likely to maintain a significant portion of its assets in real estate investment trusts ("REITs"). The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BRIFX	Baron Real Estate Income Fund Retail Shares	No Load	Open			Dec 29, 2017	$22.04M	1.050%	Average	$2,000	$755,094.36
BRIIX	Baron Real Estate Income Fund Institutional Shares	Institutional	Open			Dec 29, 2017	$267.55M	0.800%	Below Average	$1M	$8.68M
BRIUX	Baron Real Estate Income Fund R6 Shares	Retirement, Large	Open			Dec 29, 2017	$10.69M	0.800%	Below Average	$5M	$577,792.84

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