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BROL

GradeCNew York Stock Exchange

Baron Risk Optimized Large Cap ETF

Active Equity · Baron · Inception 2026-05-26 · SEC filings

$26.00−0.18 (−0.69%)

As of Sep 23, 2026, 12:30 PM EDT

History starts May 27, 2026.History starts May 27, 2026.History starts May 27, 2026.
Intraday session: down, 8 prints from 26.18 to 26.00. Range 26.00 to 26.18. Use the arrow keys to read each point.$26.05$26.10$26.15$26.2010 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$4M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$26.19
52W range
low $24.26high $26.50

The ETF.net BROL Grade

C

40/ 100

Rank 83 of 127 in US Active Equity⁠

Confidence Medium

Six-pillar profile for BROL. Scores out of 100: Cost 72, Risk 64, Mission not scored, Tradability 25, Holdings 58, Durability 30. Strongest: Cost (72). Weakest: Tradability (25). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned57This cap took−17Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 72
    Category rank36/127 · top 28%

  • 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.
    BScore 64
    Category rank30/126 · top 24%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 25
    Category rank101/127 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 58
    Category rank60/124 · top 48%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 30
    Category rank114/127 · bottom quartile

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

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 Sep 20, 2026, 9:09 AM
Asset class
Stocks
Holdings
—
Top-10 weight
45%
Largest holding
NVDA8.7%

Geography

  • United States87.94%
  • Taiwan (Province of China)2.42%
  • Sweden2.17%
  • Netherlands2.01%
  • United Kingdom1.49%
  • Ireland1.45%
  • Canada1.30%
  • Bermuda0.75%
  • Other countries (1)0.47%
The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA CORP8.66%1,526$335K828
002AAPLAPPLE INC7.02%805$271K707
003GOOGALPHABET INC CL C6.98%785$270K471
004AMZNAMAZON.COM INC4.31%663$167K720
005SPCXSPACE EXPLORATION TECHN CL A3.86%963$149K268
006COSTCOSTCO WHOLESALE CORP3.19%138$123K465
007WELLWELLTOWER INC2.98%496$115K331
008LLYELI LILLY + CO2.80%94$108K569
009AVGOBROADCOM INC2.75%306$106K732
010TSMTAIWAN SEMICONDUCTOR SP ADR2.40%216$93K268
011MUMICRON TECHNOLOGY INC2.15%85$83K655
012639.DESPOTIFY TECHNOLOGY SA2.15%157$83K93
013BACBANK OF AMERICA CORP2.04%1,358$79K440
014VVISA INC CLASS A SHARES1.90%199$74K550
015JNJJOHNSON + JOHNSON1.88%269$73K521

Showing 1–15 of 66 holdings

BROL Performance

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

BROL$10,434
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. BROL $10,434. SPY $10,415. Use the arrow keys to read each point.$9,732$10,176$10,619Jun 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 BROL. Periods over one year show the average yearly return.
PeriodBROL
Year to dateFund launched this year—
1 month+0.2%
3 months+4.3%
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 BROL
YearReturn barBROL
2026 YTD+4.8%

History from May 27, 2026

BROL in the news

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

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 Sep 22, 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%

33 of the 124 US Active Equity funds charge less.

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