Baron Technology ETF Q1 2026 Shareholder Letter

2026-05-29 14:03:00 ET

Dear Baron Technology ETF® Shareholder,

During the first quarter, Baron Technology ETF® (the Fund)( BCTK ) declined 6.90% (NAV), roughly in line with the MSCI ACWI Information Technology Index (the Benchmark), which fell 6.73%. The Fund’s performance trailed the Invesco QQQ Trust (the QQQ) and the S&P 500 Index, which dropped 1.77% and 4.33%, respectively....

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