Baron First Principles ETF (RONB)
| Assets | $359.61M |
| Expense Ratio | 1.00% |
| PE Ratio | 32.29 |
| Forward PE | 39.49 |
| Shares Out | 14.23M |
| Dividend | $0.00 (0.00%) |
| Ex-Dividend Date | Sep 22, 2026 |
| Payout Frequency | n/a |
| Payout Ratio | 0.03% |
| Volume | 102,959 |
| Open | 24.04 |
| Previous Close | 24.45 |
| Day's Range | 23.73 - 24.61 |
| 52-Week Low | 20.78 |
| 52-Week High | 26.73 |
| Beta | n/a |
| Holdings | 22 |
| Inception Date | Dec 15, 2025 |
About RONB
Fund Home PageThe Baron First Principles ETF (RONB) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking capital appreciation through investments in US companies of any market capitalization. Stock selection uses fundamental research and a philosophy of questioning everything. RONB was launched on Dec 15, 2025 and is issued by Baron.
Top 10 Holdings
78.95% of assets| Name | Symbol | Weight |
|---|---|---|
| Space Exploration Technologies Corp. | SPCX | 40.10% |
| Tesla, Inc. | TSLA | 8.63% |
| FIGS, Inc. | FIGS | 5.61% |
| Shopify Inc. | SHOP | 4.60% |
| MSCI Inc. | MSCI | 4.21% |
| Hyatt Hotels Corporation | H | 3.61% |
| Interactive Brokers Group, Inc. | IBKR | 3.46% |
| The Charles Schwab Corporation | SCHW | 3.18% |
| Spotify Technology S.A. | SPOT | 2.91% |
| FactSet Research Systems Inc. | FDS | 2.65% |
Performance
News
ETFs Join the Pre-IPO Rush to Reach for Private Growth
ETFs are increasingly breaking down the wall between public and private markets. Asset managers are finding ways to “ETF-ize” private equity and pre-IPO holdings — giving retail investors liquid, frac...
SpaceX Earnings Validate Its Concentration in RONB ETF
Funds with concentrated positions in a single stock signal high conviction. This is exactly what Baron First Principles ETF (RONB) is communicating to investors with its over 30% allocation to SpaceX ...
These ETFs surged thanks to early SpaceX stakes. What happens to them after the IPO?
SpaceX's upcoming initial public offering has been a major boon for exchange-traded funds touting pre-IPO exposure to SpaceX. But soon those funds will be left to entice investors in a period when acc...
Ron & Michael Baron on Baron Capital's ETF launch
Mutual fund and long-term investing heavyweight Baron Capital is launching a suite of actively-managed ETFs. Plus, what Ron & Michael think is next for one of their biggest names: SpaceX
Baron Capital rolls out five active ETFs, SpaceX becomes the firm's biggest investment
Baron Capital launched five actively managed exchange-traded funds – the Baron First Principles ETF (RONB), Baron Global Durable Advantage ETF (BCGD), Baron SMID Cap ETF (BCSM), Baron Financials ETF (...
Baron Capital Launches Active ETFs, Building Upon Investment Legacy in Active Management
NEW YORK--(BUSINESS WIRE)--Baron Capital, the premier New York-based growth equity investment firm, with a 43-year track record of long-term, fundamental, research-driven investing, today launched fiv...