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Launched

Baron Emerging Markets Select ETF

BCEMNYSEBaronC

$23.91+0.07 (+0.29%)

As of Nov 3, 2026, 12:35 PM ET

C41/ 100

Rank 5 of 9 in Emerging Markets Active Growth

C41/100Rank 5 of 9inEmerging Markets Active Growth
Intraday session: up, 38 prints from 23.84 to 23.91. Range 23.87 to 24.00. Use the arrow keys to read each point.23.8823.9523.9824.0010 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$48M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
81
Avg volume · 30D
7.51K sh
52W range
low $23.64high $28.80
Launched

The ETF.net BCEM Grade

Based on 5 of 6 pillars

C

Score 41 out of 100

Category
Emerging Markets Active Growth⁠
Rank
5 of 9
Six-pillar profile for BCEM. Scores out of 100: Cost 37, Risk 30, Mission not scored, Tradability 40, Holdings 66, Durability 52. Strongest: Holdings (66). Weakest: Risk (30). Based on 5 of 6 pillars.

Score 41 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D37 out of 100
    Rank 5 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D30 out of 100
    Rank 8 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C40 out of 100
    Rank 6 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B66 out of 100
    Rank 3 of 9

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C52 out of 100
    Rank 6 of 9

Our read on BCEM

ETF.net Research

In short

CBaron took its 44-year growth-stock playbook into emerging markets and put it in an ETF: founder-led, capital-efficient companies of any size, run by the manager who has led Baron's EM strategy since 2011.

Stated mandate

The Fund seeks capital appreciation.

Why people hold it

  • Actual stock picking, not index tracking. The mandate hunts high-quality EM growth companies that are founder-led, entrepreneurial and capital-efficient, with durable competitive advantages.baroncapitalgroup.com
  • The process isn't brand new. Michael Kass has run Baron's emerging markets strategy since 2011, and the ETF applies that same bottom-up research approach.businesswire.com
  • Go-anywhere on size: small, mid and large caps compete for the same portfolio slots, instead of defaulting to the mega-caps that anchor standard EM benchmarks.baroncapitalgroup.com

Worth knowing

  • 0.80% a year is above the typical active EM fund and roughly double systematic rivals like AVEM and JEMA at 0.33%. That's the toll for a named stock picker.
  • The ETF launched in 2026, so its own track record is short. Most of the evidence sits with the older Baron strategy behind it, in a different wrapper.businesswire.com
  • Non-diversified by design, with at least 80% of net assets in EM growth equities, so a few names plus currency and political swings can drive the ride.usnews.com

BCEM Holdings

Holdings pillarB66 out of 100Rank 3 of 9 in Emerging Markets Active Growth
Asset class
Stocks
Holdings
81
Top-10 weight
43%
Largest holding
2330.TW12.7%

Geography

  • India24.50%
  • Taiwan23.32%
  • South Korea18.01%
  • China15.06%
  • Brazil6.42%
  • South Africa2.20%
  • United States1.91%
  • Greece1.66%
  • Other countries (7)6.92%

Developed 1% · Emerging 99% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
12330.TWTaiwan Semiconductor Manufac12.69%83,522$6.07M176
2005930.KSSamsung Electronics Co Ltd6.78%19,249$3.25M183
3No dataCash and Foreign Currency6.31%0$3.02M7
4000660.KSSk Hynix Inc3.82%1,720$1.83M186
5TSMTaiwan Semiconductor Sp Adr2.43%2,866$1.16M284
6DIVISLAB.BODivi’s Laboratories Ltd2.41%11,175$1.15M33
7ETERNAL.BOEternal Ltd2.26%299,272$1.08M38
8BABAAlibaba Group Holding Sp Adr2.17%10,568$1.04M74
9BAJFINANCE.BOBajaj Finance Ltd2.14%103,306$1.02M31
100700.HKTencent Holdings Ltd2.00%19,618$959K152
11PBRPetroleo Brasileiro Spon Adr1.65%35,758$788K56
122454.TWMediatek Inc1.62%6,456$775K171
13ETE.ATNational Bank of Greece1.54%41,818$735K94
14SCCOSouthern Copper Corp1.50%4,054$720K212
15VISTVista Energy Sab De Cv1.40%9,521$671K26

Showing 1–15 of 81 holdings

BCEM Performance

Launched Apr 8, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
BCEM$9,215
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,093
Jul 31, 2026 to Nov 2, 2026. BCEM $9,215. SPY $10,093. Use the arrow keys to read each point.$9,500$10,000$10,500Jul 2026Sep 2026Nov 2026

Jul 31, 2026 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BCEM. Periods over one year show the average yearly return.
PeriodBCEM
Year to dateFund launched this yearNo data
1 month−11.4%
3 months−7.8%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BCEM
YearReturn barBCEM
2026 YTD−4.4%

History from Apr 9, 2026

BCEM in the news

BCEM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Apr 2026. No distributions yet.

BCEM Risk

Risk pillarD30 out of 100Rank 8 of 9 in Emerging Markets Active Growth
How much the fund’s monthly returns vary, scaled to a year.
Launched Apr 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Apr 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Apr 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.26
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BCEM Cost

Compare BCEM and FFEM

Overpaying vs FFEM, cheapest in Emerging Markets Active Growth

$3,529

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BCEM 0.80%

    $15,346

  • FFEM 0.60% Cheapest

    $11,817

$10,000
30 years

Cost over time

  • BCEM 0.80%
  • FFEM 0.60%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BCEM $15,346FFEM $11,817

Year by year

YearBCEMFFEMOverpaying
10$1,422$1,076$346
20$5,393$4,116$1,277
30$15,346$11,817$3,529

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