BCGD invests in large-cap companies around the world that possess durable competitive advantages, generate high returns on invested capital, and produce excess free cash flow. Stock selection targets well-managed and developing-market businesses progressing through the later stages of their growth S-curves. The strategy seeks returns on invested capital to remain high, and excess cash is increasingly available for shareholder returns through dividends or share buybacks. The fund invests globally across developed, emerging, and frontier markets. The portfolio maintains exposure to at least three countries outside the United States. At least 40% of net assets are invested in non-US companies, reduced to at least 30% during less favorable conditions, while no minimum US allocation is required.

Visa Inc.

Taiwan Semiconductor Manufacturing Company Limited

Amazon.com, Inc.

NVIDIA Corporation

Alphabet Inc.

S&P Global Inc.

CME Group Inc.

ASML Holding N.V.

Eli Lilly and Company

Meta Platforms, Inc.

Financial Services

Technology

Consumer Cyclical

Industrials

Communication Services

Healthcare

Real Estate

Consumer Defensive

Cash & Others

Baron ETF Trust - Baron Global Durable Advantage ETF

BCGD Holdings & Sector Breakdown