Ron Baron, the high-profile small-cap mutual fund manager, is hoping to improve the returns for one of his funds by dropping the income portion of the fund's investment objective.

The Baron Growth & Income Fund will ask shareholders to vote on May 19 to make changes which would turn the fund into a pure growth fund. The fund's trustees said in a proxy statement filed with the Securities and Exchange Commission March 12 they were recommending the move to take advantage of investment opportunities in small-cap growth companies, investments Baron believes offer better prospects than income-oriented companies.

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