Baron Financials ETF(NASDAQ:BCFN)

BFCN is actively managed and invests in equity securities of financial and financial-related companies of any market capitalization. These companies operate in banking, lending, capital markets, financial data analytics, insurance, payments, asset management, or wealth management, or utilize innovative technologies or services in these areas. Foreign stocks, including those in developing countries, are limited to 35% of total assets at purchase. The funds strategy aims to provide diversification across industries and geographies, seeking opportunities in financials sectors while adhering to the non-US securities limit. By focusing on companies involved with innovative technologies and significant investments, the fund seeks to capture growth potential in global financial markets while maintaining a balanced portfolio. Effective December 12, 2025, BFCN converted from Baron FinTech Fund, a mutual fund with approximately $71.05 million in AUM.