Thursday, November 27, 2008

Baron Funds Update

One of the funds in my portfolio must be Baron's so I received a note from them in mail.

Effective 30 days from the date of this Supplement, in connection with Baron Asset Fund, the definition of mid-sized growth company is one having a market capitalization of $1.5 billion to $12 billion at the time of purchase. The Prospectus of the Baron Funds, which currently defines a mid-sized company as one having a market capitalization of $2.5 billion to $10 billion at the time of purchase, is modified as follows: ....

This reminds me of the way you reduce the people living under the poverty line: reduce the line of poverty. Signs of the times we live in.