Baron Capital Launches Baron Risk Optimized Large Cap ETF

Firm’s seventh actively managed ETF marks the latest expansion of Baron Capital’s ETF platform with institutional-focused large-cap growth exposure

NEW YORK--(BUSINESS WIRE)--Baron Capital, a premier growth equity investment management firm with a 44-year track record of fundamental, research-driven investing, today announced the launch of Baron Risk Optimized Large Cap ETF (NYSE: BROL). The actively managed ETF is focused on capital appreciation through investments in high-quality U.S. large-cap growth companies. The strategy pairs Baron Capital’s research platform with a risk-optimization framework designed to deliver diversified growth, low tracking error, and more predictable relative outcomes.

The ETF is managed by Michael Lippert, Head of Technology Research and Portfolio Manager at Baron Capital. Mr. Lippert co-manages Baron Technology ETF^™ and manages Baron Opportunity Fund^®, which was recently named the best performing mutual fund of the past 25 years according to Morningstar.

“As investor preferences continue to evolve, we see growing demand among institutional investors for strategies that combine active fundamental insight with a greater focus on risk factors in portfolio construction,” said Michael Baron, Co-President and Portfolio Manager at Baron Capital. "BROL brings together the depth of Baron Capital’s portfolio management expertise, longstanding growth investing experience, and research capabilities in a differentiated ETF designed mainly for institutional and model portfolio investors.”

BROL invests in high-quality businesses with significant long-term growth opportunities, sustainable competitive advantages, strong management teams, and attractive valuations— consistent with Baron Capital's investment approach across all strategies. What distinguishes this strategy is its portfolio construction methodology. Baron Capital's bottom-up fundamental research is combined with a disciplined, risk-optimized framework that focuses on low tracking error, low beta, and high growth, making it ideal for investors who value alpha generation from active stock selection, but who also seek a smoother growth and performance profile.

“BROL was developed directly in response to growing demand from institutional investors for actively managed growth strategies with more intentional risk characteristics,” added Matt Camuso, Head of ETF Solutions at Baron Capital. “We look forward to continuing to bring Baron Capital’s established investment capabilities to market through solutions aligned with the evolving portfolio construction needs and vehicle preferences of institutions, financial advisors, and individual investors.”

For more information, please visit the website.

About Baron Capital

Baron Capital is a research and asset management Firm focused exclusively on delivering growth equity investment solutions to institutions, financial advisors, and individual investors. Since its founding in 1982, Baron Capital has been united under one style of investing with a single objective–to be long-term investors in secular growth businesses with durable competitive advantages, run by great management teams. With $47.0 billion in assets under management (as of March 31, 2026) across 25 strategies, Baron Capital prides itself on delivering the best solutions and outcomes for clients globally.

Investors should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. The prospectus and summary prospectus contain this and other information about the ETF and can be obtained from the Fund's distributor, Baron Capital, Inc., by calling 1-800-99-BARON or visiting BaronCapitalGroup.com. Please read them carefully before investing.

Risks: The Fund invests primarily in equity securities, which are subject to price fluctuations in the stock market. Growth stocks can react differently to issuer, political, market and economic developments than the market as a whole and other types of stocks. In addition, because the Fund invests primarily in large-cap company securities, it may underperform other funds during periods when the Fund’s securities are out of favor.

Investors generally incur the cost of the spread between the prices at which shares are bought and sold. Buying and selling shares may result in brokerage commissions which will reduce returns.

Prior to trading in the secondary market, shares of the fund are "created" at NAV by market makers, large investors and institutions only in block-size Creation Units. Each "creator" or "Authorized Participant" enters into an authorized participant agreement with Baron Capital, Inc. Only an Authorized Participant may create or redeem Creation Units directly with the fund.

Investors buy and sell shares of ETFs at market price (not NAV) in the secondary market throughout the trading day. These shares are not individually available for purchase or redemption directly from the ETF. Baron Capital, Inc. serves as the distributor of the Creation Units for the ETFs on an agency basis. Baron Capital does not maintain a secondary market in Fund’s shares.

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BAMCO, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Baron Capital, Inc. is a broker-dealer registered with the SEC and member of the Financial Industry Regulatory Authority, Inc. (FINRA).

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