BCTK
Baron Technology ETF · Financial Services
Baron Technology ETF · Financial Services
BCTK is actively managed and primarily invests in equity securities of U.S. and non-U.S. technology companies selected based on their potential for growth related to technology development, advancement, and use. Non-U.S. securities are limited to no more than 35% of total assets. The fund considers the following as technology companies: software, IT consulting, IT services, interactive home entertainment, interactive media and services, networking equipment, telecom services, communications equipment, technology hardware, storage and peripherals, electronic equipment, instruments and components, semiconductors and semiconductor equipment, and internet and direct marketing retail. The fund converted from a mutual fund, Baron Technology Fund, bringing in around $103.19M in assets.
Financial Services
Asset Management
2025-12-15
1.47

Active exchange-traded funds (ETFs) came to the forefront in 2025 with the launch of a record number of funds catering to active strategies. 2026 could bring another year for heavy active ETF demand from investors.

As the markets move through the first quarter of 2026, the tech sector continues to be the engine that's powering global growth. After the recent AI boom, investors are now looking for tech plays in sophisticated, actively managed vehicles with strategies that discern between hype and long-term opportunities.

Software and IT services are undervalued relative to 11-year averages, while semiconductors and hardware remain notably overvalued. Baron Technology ETF is a new, actively managed, high-conviction tech fund with a 0.75% expense ratio and 40 holdings. BCTK is overweight in semiconductors (36%), uses a broader sector scope than XLK, and has strong growth characteristics.
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