IQ

BROL · Baron Risk Optimized Large Cap ETF

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$26.20
+1.3% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

BROL returned +4.9% since it first traded on May 27, 2026.

Why did BROL return +4.9% since launch, against VOO’s +2.7%?What can BROL’s first months tell me?What does BROL cost to hold and to trade?
Equity fundExpense ratio 0.45%Fund assets $1.9m net assets, latest filing (Jun 30, 2026)First traded May 27, 2026Benchmark S&P 500 Index, measured by VOO, which tracks the same indexSEC filings ↗

BROL returned +4.9% from May 27, 2026 to Nov 4, 2026, charges 0.45% a year and holds $1.9m in net assets on Jun 30, 2026.

Promise check: Not measuredIt names no index it tracks.

Compare with…Trading costsPut to the committeeaskIQ about BROLAdd to portfolioOverlapAlerts

BROL risk and return scorecard

Not measured: no scorecard was computed for this fund.

Method

What you earned

BROL −1.2%, VOO −1.1%: total return over one month to Nov 4, 2026.
BROL−1.2%
VOO−1.1%
BROL +0.9%, VOO −0.1%: total return over three months to Nov 4, 2026.
BROL+0.9%
VOO−0.1%
BROL +4.9%, VOO +2.7%: total return since launch to Nov 4, 2026.
BROL+4.9%
VOO+2.7%
askIQ: why did BROL return +4.9% since launch, against VOO’s +2.7%? ↗

What can be shown yet

First traded May 27, 2026
+4.9%
Total return, since launch, May 27, 2026
Report
0.45%
Expense ratio
Report
61
Holdings
Report
−1.8%
Below its high
Report
BROL has traded for 161 days. Numbers that need a year of prices are not shown yet.
Shown now
Price$26.20
First tradedMay 27, 2026
Net assets$1.9m
Top ten weight45.7%
Not yet
One-year returnfrom May 27, 2027
Three-year returnfrom May 27, 2029
askIQ: what can BROL’s first months tell me? ↗

More on BROL

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Price since launch, May 27, 2026

$26.20+1.3%1 day, priceClose, Nov 4, 2026

Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

BROL returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (VOO)Gap to VOO
1M Oct 5 – Nov 4, 2026−1.2%−1.1%−0.1 pts
3M Aug 5 – Nov 4, 2026+0.9%−0.1%+1.0 pts
Since launch May 27 – Nov 4, 2026+4.9%+2.7%+2.2 pts

Total returns, distributions reinvested. Listed May 2026: no 6 months, year to date, 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

BROL key stats

High since May 27, 2026, daily closes to Nov 4, 2026 (ETFIQ)$26.69 on Oct 6, 2026
Low since May 27, 2026, daily closes to Nov 4, 2026 (ETFIQ)$24.32 on Jun 10, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$26.20, 79% of the way from the low to the high
Holdings61
Top ten weight45.7%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · BROLas of Nov 4, 2026
·
Not scored1 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

BROL for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
BROL interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

BROL is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
Download all holdings

BROL top ten by weight, 45.7% of the fund, of its 61 equity positions, from the holdings filed for Jun 30, 2026. Source: the fund’s SEC filing.

NVIDIA Corp NVDA 7.42%
Alphabet Inc GOOG 7.23%
Space Exploration Technologies Corp SPCX 4.81%
Amazon.com Inc AMZN 4.63%
Apple Inc AAPL 4.62%
Costco Wholesale Corp COST 4.10%
Bank of America Corp BAC 3.44%
Broadcom Inc AVGO 3.25%
Welltower Inc WELL 3.17%
Eli Lilly & Co LLY 3.00%
Fund filings on SEC EDGAR ↗See all 61 holdings →Check overlap with another fund →

Source: Holdings filing (SEC Form N-PORT). Data as of Jun 30, 2026. Updated when the fund files its next report.

About BROL

Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. large-cap growth
Expense ratio (497K XBRL, May 22, 2026)0.45%
Price$26.20
First tradedMay 27, 2026
Net assets (SEC filing, whole fund, as filed for Jun 30, 2026)$1.9mReport
Benchmark (ETFIQ, from its filings)S&P 500 Index, measured by VOO, which tracks the same indexReport
Benchmark named inits shareholder report, N-CSRS, Aug 28, 2026
Below its high (ETFIQ)−1.8%
Holdings61
Top ten weight45.7%
Cash, not in the top ten0.1%
Holdings as of (SEC N-PORT)Jun 30, 2026
Already in the S&P 500, by weight (ETFIQ)81.2%
Active share vs the S&P 500 (ETFIQ)61.1%
Already in the Nasdaq-100, by weight (ETFIQ)52.9%
IQ Investment Committee on BROL

12 seats on BROL, as of Nov 4, 2026: 4 Mixed, 5 Challenges, 3 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyChallenges
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityMixed
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceChallenges
In the tradition ofJohn TempletonTempleton-style Global ContrarianMixed
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationMixed
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingNot enough data
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put BROL to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about BROL

What does BROL cost?
The prospectus expense ratio is 0.45% a year.
What does BROL hold?
61 positions as filed for Jun 30, 2026, with the top ten at 45.7% of the fund. 81% of its weight is in stocks the S&P 500 also holds.
How far is BROL below its high?
1.8% below its high of Oct 6, 2026, measured on the reinvested series to Nov 4, 2026.
Sources and dates
Prices, BROL and Benchmark (VOO)Tiingo end-of-day · Nov 4, 2026
Fee, 0.45%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $1.9mSEC filing, whole fund · Jun 30, 2026
HoldingsHoldings filing (SEC Form N-PORT) · Jun 30, 2026 ↗
IssuerBaron website ↗
All fund filingsFund filings on SEC EDGAR ↗
Baron’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
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ETFIQ, BROL, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/brol

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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BROL: BROL over 3 months: total return +0.9%, its benchmark S&P 500 Index through VOO −0.1%, +1.0 pts. Data to Nov 4, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/core/brol/" title="BROL: BROL over 3 months: total return +0.9%, its benchmark S&amp;P 500 Index through VOO −0.1%, +1.0 pts. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">BROL: BROL over 3 months: total return +0.9%, its benchmark S&amp;P 500 Index through VOO −0.1%, +1.0 pts. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/brol">ETFIQ</a></figcaption>
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