Baron Funds has lowered the management fee of the Baron Fifth Avenue Growth Fund by ten basis points. The lowering of the fee from 100 to 90 bps brings the total expense of the fund down to 130 bps for retail shares and 105 bps for institutional, according to an SEC filing.

Additionally, the management fee for the $45.75 million AUM equity fund will again decrease if the fund reaches certain AUM water-marks. If the fund reaches $1 billion in assets, fees will be reduced by 5 basis points to 85 bps. Fees will again drop by 5 bps, to 80 bps, should the net assets exceed $2 billion. 

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