MutualFundWire.com: Baron Preps a 5-Fund Entrance
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Wednesday, August 20, 2025

Baron Preps a 5-Fund Entrance


On Monday, the Baron Capital [profile] team filed to roll out their first five ETFs, including three new brand new funds and two transformed Baron mutual funds. New York City-based Baron's BAMCO, Inc. will serve as the planned ETFs' investment advisor.

Baron's planned ETFs include:
  • the Baron Financials ETF, a diversified, transformed mutual fund;
  • the Baron First Principles ETF, a new, non-diversified fund that will list on the NYSE;
  • the Baron Global Durable Advantage ETF, a new fund that will list on the NSYE;
  • the Baron SMID Cap ETF, a new, diversified fund that will list on the NYSE;and
  • the Baron Technology ETF, a non-diversified, trnasformed mutual fund.

    • The Baron team has not yet revealed the planned expense ratios, tickers, and independent accounting firm for the five planned ETFs. Nor does the filing reveal when in 2025 the five ETFs are expected to launch.

    The Baron Technology Fund, a $110.61-million-AUM* mutual fund, is expected to be reorganized into the new Baron Technology ETF. The predecessor fund debuted on December 13, 2021.

    The Baron FinTech Fund, a $47.78-million-AUM* mutual fund, is expected to be reorganized into the new Baron Financials ETF. The predecessor fund debuted on December 31, 2019.

    Josh Saltman, who has PMed the Baron FinTech fund since its inception four years ago, is expected to stay on to PM the successor Baron Financials ETF.

    Michael Lippert and Ashim Mehra, who have PMed the Baron Technology Fund since its inception four years ago, are expected to stay on to PM the successor Baron Technology ETF.

    The new Baron SMID CApt ETF will be PMed by a pair of research analysts: Laird Bieger and Randolph Gwirtzman.
    The new Baron Global Durable Advantage ETF will be PMed by a pair of portfolio managers: Guy Tartakovsky and Alex Umansky.

    The new Baron First Principles ETF will be PMed by a trio of Baron portfolio managers:
  • David Baron, co-president and director of Baron;
  • Michael Baron, co-president and director; and
  • Ron Baron himself, founder , CEO and chairman.

    The five planned ETFs will each be series of the new Baron ETF Trust. Their service providers will include:
  • Baron Capital, Inc. (BCI) as distributor;
  • Dechert LLP as counsel to the trust;
  • State Street Bank and Trust Company (SSBT) as administrator, custodian, securities lending agent, and transfer agent; and
  • Stradley Ronon Stevens & Young LLP, counsel to the trust's independent trustees.

    *As of June 30, 2025.


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