September 2018 Symbol: BEXFX Expense Ratio: 1.38%Baron Emerging Markets invests in growth companies of all sizes in emerging economies. Manager Michael Kass favors fast-growing businesses with sustainable competitive advantages and a high return on invested capital (a measure of profitability). Lately, he’s found opportunities in Indian money-management firms and Chinese tech firms. See Kiplinger 25 at a Glance for the complete list of our favorite no-load mutual funds. Sponsored Content Visit Kiplinger's Model Portfolios for three examples of how you can put Kiplinger 25 funds to work. And for the full collection of our Kiplinger 25 content, see KIPLINGER 25: A Guide to Our Favorite No-Load Funds.