SCHEDULE A

(Amended as of February 4, 2021)

Maximum Total Series Operating Expenses

(as a percentage of average daily net assets)

Name of Portfolio	Retail Shares			Institutional Shares			R6 Shares			TA Shares
Baron Partners Fund		1.45	%		1.20	%		1.20	%		N/A
Baron Focused Growth Fund		1.35	%		1.10	%		1.10	%		N/A
Baron International Growth Fund		1.20	%		0.95	%		0.95	%		N/A
Baron Real Estate Fund		1.35	%		1.10	%		1.10	%		N/A
Baron Emerging Markets Fund		1.50	%		1.25	%		1.25	%		N/A
Baron Global Advantage Fund		1.15	%		0.90	%		0.90	%		N/A
Baron Real Estate Income Fund		1.05	%		0.80	%		0.80	%		N/A
Baron WealthBuilder Fund		0.30	%		0.05	%		N/A			0.05	%
Baron Health Care Fund		1.10	%		0.85	%		0.85	%		N/A
Baron FinTech Fund		1.20	%		0.95	%		0.95	%		N/A
Baron New Asia Fund		1.45	%		1.20	%		1.20	%		N/A