New
Trackinsight is part of ETF One, the fully integrated ETF platform of Kepler Cheuvreux. Learn more →
Help us improve your experience. Please confirm your investor type:
Compare ETFs Easily
The Ultimate ETF Comparison Tool - Try Now!
Analyze up to 5 ETFs side-by-side and gain instant insights on performance, fees, holdings, and more to make data-driven investment decisions.
RONB ETF · Baron First Principles ETF
The RONB Exchange Traded Fund (ETF) is provided by Baron Capital. This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.
Last update Today at 1:30 PM UTC
LIVE
CLOSED
This fund is part ofUS Multi-Factor1M perf.-2.87%
Last price
$23.95
1M perf.
+2.01%
1M flows
+€147M
AuM
€298M
E/R
1.77%
Rating
Not rated
ESG Consensus®
RONB
$23.95
Performance & flows
December 17, 2025 → March 9, 2026
Create a free account to view the flows graph
RONB
$24.28
-2.88%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +2.01% | N/A | N/A | N/A | N/A | -0.14% | -2.57% | -2.57% | |
| Flows |
Key fund info
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/9/2026
$24.28
1D NAV change
-0.48%
Dividend policy
No. of holdings
22
Inception date
12/12/2025
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Investment Company
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
Create a free account to view dividend distribution
Classification
Investment strategy
The strategy seeks capital appreciation through investments in growth companies of any market capitalization. Guided by a First Principles approach—breaking problems down to their core truths and challenging assumptions—this framework reflects Baron Capital’s longstanding philosophy of “questioning everything” to uncover true value. Investments are made in businesses with the potential for significant growth with durable competitive advantages, and exceptional management teams. Investments are purchased at valuations we believe are attractive based on their long-term intrinsic value. The portfolio holdings are primarily in U.S. securities and can deploy leverage of up to one third of total net assets when market conditions and opportunities present themselves. The strategy is non-diversified.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
Create a free Trackinsight Essentials account to unlock insights
Access exclusive metrics and features to support your investment decisions.
Built for professionals: access exclusive fund metrics and selection tools in Trackinsight Enterprise.
Enterprise Fund page features include:
Legal documents
Powerful buy-list integration
Fund data exports
Advanced risk metrics
Advanced replication analysis
Advanced exposure look-through
Upload your own internal metrics
Custom data feature
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSimilar ETFs in your region
RUMG
1M perf.
-2.04%
E/R
0.95%
UDA
1M perf.
E/R
0.73%
VOT
1M perf.
-1.46%
E/R
0.05%
JMID
1M perf.
-2.32%
E/R
0.3%
MID
1M perf.
-3.18%
E/R
0.45%
Advertisement
Risk profile
Historical risk/return profile
Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
Built for professionals: access exclusive risk metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseExposure
Countries
USA
67.69%
Luxembourg
4.43%
Bermuda
1.93%
Unavailable
25.95%
Sectors
Consumer Discretionary
28.52%
Financials
21.52%
Industrials
9.93%
Communication Services
6.34%
Information Technology
5.48%
Health Care
2.26%
Unavailable
25.95%
Diversification
Total weight of top 15 holdings out of 22
Top 15 holdings
Data as of January 31, 2026
TESLA
MSCI
SPOTIFY TECHNOLOGY SA
COSTAR GROUP
INTERACTIVE BROKERS GROUP
VERISK ANALYTICS
VAIL RESORTS
KINSALE CAPITAL GROUP INC
Create a free account to view top holdings
FACTSET RESEARCH SYSTEMS
HYATT HOTELS
CHARLES SCHWAB
GUIDEWIRE SOFTWARE
RED ROCK RESORTS INC
CHOICE HOTELS INTERNATIONAL
GARTNER
Create a free account to view top holdings
Built for professionals: access exclusive exposure metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Baron Capital
Baron Capital ID Card
Number of funds
5
Total AuM
€493M
Expense ratio range
0.75% - 1.77%
Average expense ratio
0.964%
Top 5 funds by Baron Capital
| AuM | ||
|---|---|---|
RONB | Baron First Principles ETF | €298M |
BCTK | Baron Technology ETF | €131M |
BCFN | Baron Financials ETF | €42M |
BCSM | Baron SMID Cap ETF | €16M |
BCGD | Baron Global Durable Advantage ETF | €6M |
Frequently asked questions about RONB
What does Baron First Principles ETF, RONB, invest in?
RONB is a Active ETF. This ETF provides exposure to Other US Equities.
What is the Total Expense ratio (TER) of RONB?
RONB carries a total expense ratio (TER) of 1.77%, indicating the annual cost for holding the fund.
When was RONB launched?
RONB was introduced to the market on December 12, 2025. It trades on United States
Who is the ETF issuer of RONB?
Baron First Principles ETF, RONB, is provided by Baron Capital. Learn more about Baron Capital here.
What is the current assets under management (AUM) of RONB?
RONB oversees €298M in assets as of March 9, 2026.
How has RONB performed lately?
Based on data from March 9, 2026, RONB returned 2.01% over the past month and -2.57% year-to-date.
What are the latest inflows or outflows for RONB?
As of March 9, 2026, RONB recorded net flows of +€148M over the last month and +€237M year-to-date.
Does RONB distribute dividends?
RONB follows a distributing dividend policy, meaning it pays out income to investors.
What are the main country or region exposures of RONB?
As of January 31, 2026, RONB has significant geographic allocations in USA, Luxembourg and Bermuda.
In which sector or theme does RONB invest in?
As of January 31, 2026, RONB focuses largely on Consumer Discretionary, Financials and Industrials.
How many securities does RONB hold and how diversified is it?
As of January 31, 2026, RONB holds 22 positions in its portfolio, with 61.51% of assets concentrated in its top 15 holdings.
What are the main positions in RONB?
As of January 31, 2026, RONB top three holdings include TESLA, MSCI and SPOTIFY TECHNOLOGY SA.
What is the base currency of RONB?
The base currency of RONB is USD.
Advertisement
About Trackinsight
Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.
Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.
In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.
This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.
Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.
More about TrackinsightETF TOOLS
PLATFORM
ETF NEWS & RESEARCH
© 2014-2026 Trackinsight SA. All rights reserved.
Privacy policy | Cookie policy | | Terms of use | Imprint
Privacy policy | Cookie policy | | Terms of use | Imprint
