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RONB

Baron First Principles ETF·NYSE
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Key Stats
Assets Under Management
162.98MUSD
Fund Flows (1Y)
38.88MUSD
Dividend Yield
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Discount/Premium to NAV
0.11%
Shares Outstanding
9.70M
Expense Ratio
1.77%
About Baron First Principles ETF
Issuer
BAMCO
Brand
Baron
Inception Date
Dec 12, 2025
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Qualified dividends
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
BAMCO, Inc.
Distributor
Baron Capital, Inc.
RONB seeks capital appreciation through investments in growth companies of any market capitalization. Guided by a First Principles approach—breaking problems down to their core truths and challenging assumptions—this framework reflects Baron Capital's longstanding philosophy of "questioning everything" to uncover true value. Investments are made in businesses with the potential for significant growth with durable competitive advantages, and exceptional management teams. Investments are purchased at valuations we believe are attractive based on their long-term intrinsic value. The portfolio holdings are primarily in U.S. securities and can deploy leverage of up to one third of total net assets when market conditions and opportunities present themselves. The strategy is non-diversified.
Classification
Asset Class
Equity
Category
Size and Style
Focus
Total Market
Niche
Broad-based
Strategy
Active
Geography
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Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month
3-Month
YTD
1-Year
3-Year
5-Year
Price Performance
-5.85%-5.67%-5.49%-5.67%-5.67%-5.67%
NAV Total Return
-6.98%—-4.93%———
Ratings

No data is currently available

Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis

Sector

Consumer Cyclical

39.00%

Financial Services

29.31%

Technology

10.23%

Communication Services

7.39%

Industrials

6.71%

Real Estate

4.59%

Healthcare

2.77%

Asset

Region

No data is currently available

Investment Style

No data is currently available

Top 10 Holdings

Symbol

Ratio

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TSLA

Tesla
12.99%
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SPACE EXPLORATION TECHNOLOGIES CLASS C

9.84%
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SPACE EXPLORATION TECHNOLOGIES CLASS A

8.79%
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CASH AND FOREIGN CURRENCY

6.67%
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MSCI

Msci
5.68%
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SPOT

Spotify Technology
3.59%
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MTN

Vail Resorts
3.51%
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KNSL

Kinsale Capital
3.51%
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CSGP

CoStar Group
3.42%
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FDS

FactSet
3.34%

Top 10 Weight 61.34%

28 Total Holdings

Is SPY better than RONB?
Dividends

No data is currently available

Premium/Discount Chart
Assets Under Management
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Fund Flows