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Launched · SEC filings

Baron Risk Optimized Large Cap ETF

BROLNYSEC

$26.45−0.08 (−0.31%)

As of Oct 13, 2026, 3:59 PM

C40/ 100

Rank 82 of 127 in US Active Equity

C40/100Rank 82 of 127inUS Active Equity
Intraday session: down, 6 prints from 26.53 to 26.45. Range 26.45 to 26.54. Use the arrow keys to read each point.26.4626.4826.5026.5210 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$312M
1Y total return
—
Yield · Last 12 months
—
Holdings
66
Avg volume · 30D
0M sh
NAV per share
$26.59
52W range
low $24.26high $26.70
Launched
Filings
SEC EDGAR

The ETF.net BROL Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
US Active Equity⁠
Rank
82 of 127
Six-pillar profile for BROL. Scores out of 100: Cost 73, Risk 68, Mission not scored, Tradability 28, Holdings 62, Durability 54. Strongest: Cost (73). Weakest: Tradability (28). Based on 5 of 6 pillars.

Score 40 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.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
60
This cap took
−20
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A73 out of 100
    Rank 34 of 127

  • 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.
    B68 out of 100
    Rank 20 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D28 out of 100
    Rank 105 of 127

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B62 out of 100
    Rank 56 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C54 out of 100
    Rank 67 of 127

Our read on BROL

ETF.net Research

CBaron has picked growth stocks since 1982. BROL is the buttoned-up version: the same bottom-up research, wrapped in a risk framework targeting low beta and low tracking error so the portfolio strays less from its large-cap benchmark.

Stated mandate

The Fund seeks capital appreciation.

Why people hold it

  1. 01Active management for 0.45% a year, against a 0.70% median for US active equity funds. Cheap-for-active pricing on a strategy built around Baron's own stock research.
  2. 02Risk optimization is the product, not a footnote: defined parameters for beta, growth factor exposure and tracking error sit on top of the stock picks.businesswire.com
  3. 03Run by Michael Lippert, a Baron portfolio manager and its head of technology research, inside an active ETF lineup from a firm that has invested this way since 1982.businesswire.com

Worth knowing

  1. 01Launched in 2026, so the track record is short, the asset base is small and trading is thin. Spreads can run wider than on the giant funds sharing its shelf.
  2. 02Cheap for active is not cheap outright: systematic large-cap peers such as DFAU (0.12%) and AVLC (0.15%) charge a fraction of it.
  3. 03Low tracking error cuts both ways: the design keeps the fund close to large-cap growth rather than dramatically different from it.businesswire.com

BROL Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
66
Top-10 weight
42%
Largest holding
NVDA9.2%

Geography

  • United States88.36%
  • Taiwan (Province of China)2.17%
  • Sweden2.08%
  • Netherlands1.75%
  • United Kingdom1.64%
  • Ireland1.42%
  • Canada1.34%
  • Bermuda0.70%
  • Other countries (1)0.53%
The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp9.19%125,278$29M847
002AAPLApple Inc6.11%56,720$19M715
003GOOGAlphabet Inc Class C5.82%52,233$18M478
004AMZNAmazon.com Inc4.07%48,451$13M736
005COSTCostco Wholesale Corp3.28%10,810$10M469
006SPCXSpace Exploration Techn Class A3.14%60,267$10M287
007LLYEli Lilly & Co2.84%7,518$9M583
008AVGOBroadcom Inc2.77%23,970$9M754
009WELLWelltower Inc2.63%36,508$8M339
010MSFTMicrosoft Corp2.52%14,717$8M815
011METAMeta Platforms Inc Class A2.42%10,522$8M704
012TSMTaiwan Semiconductor Sp Adr2.16%14,872$7M277
013639.DESpotify Technology SA2.07%12,221$6M47
014MUMicron Technology Inc2.07%6,275$6M679
015TSLATesla Inc2.01%16,398$6M521

Showing 1–15 of 66 holdings

BROL Performance

Launched May 26, 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.
BROL$10,323
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. BROL $10,323. SPY $10,332. Use the arrow keys to read each point.$9,549$10,000$10,451Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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 BROL. Periods over one year show the average yearly return.
PeriodBROL
Year to dateFund launched this year—
1 month+3.0%
3 months+3.2%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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 BROL
YearReturn barBROL
2026 YTD+6.2%

History from May 27, 2026

BROL in the news

Filtered to BROL · US Active Equity

BROL 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 Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed May 2026. No distributions yet.

BROL Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 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 May 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 May 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.
1.09
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.

BROL Cost

Expense ratio0.45%
  • The middle half of US Active Equity funds
  • Median 0.70%

32 of the 123 US Active Equity funds charge less.

BROL costs $45.00 a year on $10,000. The median US Active Equity fund costs $70.00.

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