RONB ETF — Baron First Principles ETF

Baron First Principles ETF (RONB)

Updated October 16, 2026.

RONB is an ETF. its trailing-12-month yield is 0.00%, its expense ratio is 1.00%. Total return is -3.7% over the past 0.8 years, 17.0 points behind SPY at 13.3%.

Baron First Principles ETF is a non-diversified equity fund that invests primarily in U.S. growth companies across all market capitalizations. The fund does not maintain a regular distribution schedule, though it has made special distributions in the past that should not be expected to recur; it carries an expense ratio of 1.00%. This fund appeals to growth-oriented investors seeking exposure to U.S. equities without the constraint of traditional diversification requirements.

RONB performance versus SPY

Price and return data through 2026-10-16.

Total return is -3.7% over the past 0.8 years, 17.0 points behind SPY at 13.3%. Its deepest 1-year drawdown was 19.4%.

RONB key facts

Issuer

Baron Funds

Asset type

ETF

Asset class

Equity

Inception date

12/12/2025

Expense ratio

1.00%

Distribution frequency

Annual

Trailing yield

0.00%

Last close

$24.17 (as of 2026-10-16)

AUM

$353,225,180

Average volume

108749.0

Dividend

$0.0002

Ex-dividend date

09/22/2026

Payment date

09/23/2026

Beta

0.8464

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.00%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Baron Funds; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

RONB risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 19.4%.

Who may consider RONB — and who may not

It is a weaker fit for investors who need monthly cash flow (RONB pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on RONB

• All tickers starting with R

Frequently asked questions

More securities from Baron Funds.