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BCEM

GradeCNew York Stock Exchange

Baron Emerging Markets Select ETF

Active Equity · Baron · Inception 2026-04-08

$27.20−0.53 (−1.90%)

As of Sep 23, 2026, 1:58 PM EDT

History starts Apr 9, 2026.History starts Apr 9, 2026.History starts Apr 9, 2026.
Intraday session: down, 11 prints from 27.73 to 27.20. Range 27.18 to 27.73. Use the arrow keys to read each point.$27.40$27.6010 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$54M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$27.17
52W range
low $24.75high $28.80

The ETF.net BCEM Grade

C

49/ 100

Rank 5 of 9 in Emerging Markets Active Growth⁠

Confidence Medium

Six-pillar profile for BCEM. Scores out of 100: Cost 42, Risk 46, Mission not scored, Tradability 59, Holdings 58, Durability 48. Strongest: Tradability (59). Weakest: Cost (42). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 49 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 42
    Category rank5/9 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 46
    Category rank4/9 · top 44%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 59
    Category rank3/9 · top 33%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 58
    Category rank4/9 · top 44%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 48
    Category rank6/9 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on BCEM

ETF.net Research

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

  1. 01Actual 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
  2. 02The 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
  3. 03Go-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

  1. 010.80% 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.
  2. 02The 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
  3. 03Non-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.money.usnews.com

BCEM Holdings

As of Sep 20, 2026, 9:09 AM
Asset class
Stocks
Holdings
—
Top-10 weight
41%
Largest holding
2330.TW12.5%

Geography

  • India21.50%
  • Taiwan (Province of China)21.27%
  • Korea (the Republic of)20.06%
  • China18.34%
  • Brazil5.55%
  • South Africa2.39%
  • United States2.22%
  • Greece1.65%
  • Other countries (8)7.02%

Developed 0% · Emerging 100% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0012330.TWTAIWAN SEMICONDUCTOR MANUFAC12.51%87,339$7M175
002005930.KSSAMSUNG ELECTRONICS CO LTD6.86%19,943$4M176
003000660.KSSK HYNIX INC4.93%2,072$3M184
004—CASH AND FOREIGN CURRENCY4.72%0$3M7
0050700.HKTENCENT HOLDINGS LTD2.35%22,991$1M153
006BAJFINANCE.BOBAJAJ FINANCE LTD2.10%105,608$1M63
007DIVISLAB.BODIVI S LABORATORIES LTD2.02%11,035$1M63
008BABAALIBABA GROUP HOLDING SP ADR2.02%9,870$1M78
009TSMTAIWAN SEMICONDUCTOR SP ADR1.96%2,416$1M268
010ETERNAL.BOETERNAL LTD1.87%295,531$993K73
011SCCOSOUTHERN COPPER CORP1.74%4,723$926K214
012PBRPETROLEO BRASILEIRO SPON ADR1.73%43,783$917K50
0132454.TWMEDIATEK INC1.63%6,145$867K162
014ETE.ATNATIONAL BANK OF GREECE1.55%41,295$825K86
015095340.KQISC CO LTD1.44%5,613$763K34

Showing 1–15 of 78 holdings

BCEM Performance

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

BCEM$9,642
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. BCEM $9,642. SPY $10,415. Use the arrow keys to read each point.$8,498$9,546$10,594Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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 year—
1 month+3.4%
3 months−3.6%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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+11.1%

History from Apr 9, 2026

BCEM in the news

ETF.net Research hasn’t filed on BCEM yet — coverage lands here as it’s written.

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 Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Apr 2026. No distributions yet.

BCEM Risk

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.

BCEM Cost

Expense ratio0.80%
  • The middle half of Emerging Markets Active Growth funds
  • Median 0.79%

5 of the 9 Emerging Markets Active Growth funds charge less.

BCEM costs $80.00 a year on $10,000. The median Emerging Markets Active Growth fund costs $79.00.