ETF Evaluator:
Baron Technology ETF ()
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(as of Aug 26)
Best Performing in Technology Over the Last Year
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ETF Details
Baron Technology ETF Overview
Baron Technology ETF (BCTK) is an actively managed Sector Equity Technology exchange-traded fund (ETF). Baron Capital Group, Inc. launched the ETF in 2021.
The investment seeks capital appreciation.
The fund, under normal market conditions, invests at least 80% of its net assets in equity securities in the form of common stock of U.S. and non-U.S. technology companies of any market capitalization, selected for their durable growth potential from the development, advancement and use of technology, however, investments in non-U.S. securities are limited to 35% of the fund’s total assets at the time of purchase. Technology companies may be located anywhere in the world, including developing countries. The fund is non-diversified.
About Baron Technology ETF (BCTK)
There are 2 members of the management team with an average tenure of 4.58 years: Michael Lippert (2021) and Ashim Mehra (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and MSCI ACWI NR USD index with a weighting of 100%. Baron Technology ETF has 39 securities in its portfolio. The top 10 holdings constitute 61.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Baron Technology ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Baron Technology ETF has 16.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 83.4% There is 16.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Baron Technology ETF has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $178 million in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BCTK Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Baron Technology ETF expense ratio is above average compared to funds in the Technology category. Baron Technology ETF has an expense ratio of 0.75%, which is 39% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Baron Technology ETF has a portfolio turnover rate of 58%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 39% for the Technology category.
Recently, in the month of July 2026, Baron Technology ETF returned -13.0%, which earned it a grade of D, as the Technology category had an average return of -9.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Baron Technology ETF has a trailing yield of 0.00%, which is below the 0.45% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Baron Technology ETF Grades
Year to date, the ETF has returned 12.5%, 8.9 percentage points worse than the category, which translates into a grade of D. The fund has returned 15.1% over the past year (grade of D) and 28.5% over the past three years (grade of B).
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BCTK Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BCTK Return (NAV) | -13.0% | 3.3% | 15.1% | 28.5% | na | na |
| BCTK Return (Price) | -13.1% | 3.4% | 15.3% | 28.5% | na | na |
| NAV +/- Price Return | 0.081% | -0.105% | -0.147% | -0.055% | na | na |
| Technology Avg | -9.8% | 7.3% | 33.6% | 22.3% | 10.5% | 19.0% |
| BCTK Grade (NAV) | D | D | D | B | na | na |
| +/- Category (NAV) | -3.2% | -4.0% | -18.5% | 6.1% | na | na |
| BCTK Tax-Cost Ratio | na | na | 0.2% | 0.1% | na | na |
BCTK Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BCTK Return (NAV) | 12.5% | 17.3% | 47.8% | 63.4% | -44.3% | na | na | na | na | na | na |
| BCTK Return (Price) | 12.3% | 17.6% | 47.8% | 63.4% | -44.3% | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.011% | 0.017% | 0.000% | 0.000% | 0.000% | na | na | na | na | na | na |
| Technology Avg | 21.3% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| BCTK Grade (NAV) | D | D | A | A | F | na | na | na | na | na | na |
| +/- Category | -8.9% | -5.9% | 27.9% | 19.6% | -8.5% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.58 |
| R-Squared: | 63% |
| Standard Deviation: | 25.1% |
| Category Risk Index: | 0.94 |
| Category Risk Rating: | Average |
| Total Risk Index: | 2.04 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 179 Mil |
| Share Class Assets: | $ 179 Mil |
| Turnover: | 58.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.6 years | |||
| Average Tenure: 4.6 years | |||
| Managers (Year): Lippert Michael (2021), Mehra Ashim (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 39 |
| % in Top 10 Holdings: | 61.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 16.4% |
Portfolio Allocation |
|
| Domestic Stock: | 83.4% |
| Foreign Stock: | 16.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Baron Capital Group, Inc. |
| Phone Number: | 800-992-2766 |
| Website: | |
| Inception Date: | December 31, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.54% |
