We invest like long-term business owners focused on where a company can be in five to ten years—not its stock price today. Small- and mid-cap companies are uniquely positioned for this approach. They have moved beyond pure startup risk with proven business models, yet they are still early on their long-term growth path.

Our Baron SMID Cap ETF targets these emerging leaders with a time horizon that allows their potential to fully materialize. This patient, conviction-driven approach offers scalability, growth potential, and liquidity while exposing market inefficiencies that active managers can exploit.

It is the same philosophy that has guided our investment decisions for four decades.