RONBBaron First Principles ETF

Grow my moneyNewRanked #1,507 of 2,960 in this goal

Seeks capital appreciation.

By Baron Capital Group, Inc. · Launched 2025

Annual Cost

1.00%

#4,954 of 5,562 · expensive

Fund Size

$1.6B

#852 of 5,562 · large

Return (1Y)Goal

N/A

Track Record

6 months

#5,096 of 5,562 · young

Performance

Total-return NAV · USD

Growth of $10,000

$9,948-0.5%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Cap

Multi cap

Strategy

Active selection

Focus

ESG

What it actually holds

By weight

Concentration

Top 10 holdings = 54.7% of fundmoderately concentrated

Tesla Inc

10.3%

X.AI HOLDINGS CORP.

7.4%

Shopify Inc

5.5%

MSCI Inc

5.5%

Spotify Technology SA

5.1%

Guidewire Software Inc

4.7%

CoStar Group Inc

4.2%

Interactive Brokers Group Inc

4.1%

Hyatt Hotels Corp

4.0%

Red Rock Resorts Inc

4.0%

Asset allocation

Stocks

83.2%

Cash

14.9%

Other

1.9%

By sector

Consumer Cyclical

42.1%

Financial Services

27.0%

Technology

13.2%

Industrials

7.1%

Communication

5.8%

Healthcare

2.6%

Real Estate

2.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

N/A

Max drawdown

-13.1%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange: New York Stock Exchange

Full fund details

Objective: Seeks capital appreciation.
Strategy: Invests primarily in equity securities of U.S. growth companies of any market capitalization. Seeks businesses with growth opportunities, competitive advantages, exceptional management, and attractive valuations. May use leverage up to one-third of total assets.
Inception date: December 12, 2025
Fund family: Baron Capital Group, Inc.