BCTK vs TRUT

BCTKDBaron Technology ETF

TRUTAVanEck Technology TruSector ETF

In short

BCTK Baron made its name picking growth stocks and holding on. BCTK is that playbook in an ETF wrapper: an actively chosen, global technology portfolio built around companies the manager thinks have durable growth, not whatever an index prints.

TRUT Diversification rules force most tech ETFs to trim their biggest names. TRUT's answer: own the giants directly up to the legal line, then top up with sector ETFs so the portfolio mirrors the sector's real shape.

Stated mandate

BCTK The Fund seeks capital appreciation by investing primarily in U.S. and non-U.S. technology companies selected for durable growth potential associated with technological development and use.

TRUT The Fund seeks long-term capital appreciation through active investment in securities of information technology-related companies or instruments providing exposure to them.

Why people hold it

• BCTK Genuinely global tech mandate. The manager can own non-US names alongside US ones, so the portfolio isn't fenced into the usual American megacap roster.
• A narrow, legible job: capital appreciation from technology companies picked for durable growth. You know exactly what you own and exactly what to judge it against.
• High-conviction active management, not a closet index. Stock selection, not index weights, drives what's in the portfolio.
• Live since a December 2021 launch, so there's a real track record to inspect rather than a backtest.

• TRUT The mechanism is the point. Fund rules cap one stock at 25% and stocks above 5% at 50% combined; TRUT fills the gap with targeted sector ETFs instead of overweighting smaller names.vaneck.comvaneck.com 2
• 0.14% a year for an actively managed fund, against a median near 0.65% across active US equity peers. Cheap enough to sit alongside index products.
• One of the two originals in VanEck's TruSector line, launched in 2025. The approach has since been extended across all 11 GICS sectors.vaneck.comvaneck.com 2
• About 80 positions, quarterly distributions, and steady day-to-day trading. On cost and tradability it lands in the upper tier of its active US equity cohort.

Worth knowing

• BCTK 0.75% a year is the price of the stock picker, and it sits above the typical active US equity ETF. The picks have to clear that bar.
• Thinly traded next to the index giants. Spreads can widen, so how you place the order matters more here than in a mega-fund.
• One sector, concentrated. Against active US equity peers it lands in the bottom quartile on our overall read, with cost and volatility the main drags.

• TRUT Part of the exposure arrives through other ETFs rather than shares the fund holds outright. That is the workaround that makes uncapped weights possible, and it adds a layer.vaneck.com
• Uncapped means concentrated. Leaning fully into tech's largest companies ties results to a handful of mega-caps more tightly than a capped sector fund would.vaneck.com
• Launched August 2025, so there is only a short record of how closely the hybrid build actually shadows an uncapped tech benchmark.

Full BCTK profile⁠

Full TRUT profile⁠