Baron Technology ETF Q1 2026 Shareholder Letter (BCTK)
Baron Technology ETF Q1 2026 Shareholder Letter (BCTK)
https://seekingalpha.com/article/4910117-baron-technology-etf-q1-2026-shareholder-letter
Publish Date: 2026-05-29 14:03:00
Source Domain: seekingalpha.com
FREDERICA ABAN/iStock via Getty Images
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.
On a trailing three-year basis, the Fund generated an annualized return of 29.15%, outpacing both the Benchmark and QQQ, which yielded 24.83% and 22.33%, respectively.
| ETF Market Price1,2 | ETF Nav1,2 | MSCI ACWI Information Technology Index1 | S&P 500Index1 | MSCI ACWIIndex1 | |
|---|---|---|---|---|---|
| QTD3 | (7.13) | (6.90) | (6.73) | (4.33) | (3.20) |
| 1 Year | 27.30 | 28.20 | 33.41 | 17.80 | 20.01 |
| 3 Years | 28.85 | 29.15 | 24.83 | 18.32 | 16.58 |
| Since Inception(12/31/2021) | 9.29 | 9.47 | 11.93 | 9.28 | 8.02 |
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Performance listed in the above table is net of annual operating expenses. The total annual fund operating expense ratio as of December 5, 2025 was 0.75%. The performance data quoted represents past performance. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate; an investor’s shares, when redeemed, may be worth more or less than their original cost. Total returns assume the reinvestment of all distributions and the deduction of all fund expenses. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month-end, visit BaronCapitalGroup.com or call 1-800-99-BARON.
NAV and Market Price returns include returns of the Institutional Shares of the predecessor mutual fund prior to the ETF’s commencement of operations. Prior to the ETFs listing on 12/15/2025 the NAV returns of the Institutional Shares of the predecessor mutual fund are used as proxy market price returns. If the…
