Baron SMID Cap ETF (BCSM) Stock Price, Quote, News & History | Benzinga

In seeking to achieve its investment objective, invests at least 80% of its net assets in equity securities (including depositary receipts) of small- and mid sized companies. The Adviser defines small- and mid sized companies as those, at the time of purchase, with a market capitalization in excess of dollar 1 billion and a market capitalization up to the largest market cap stock in the Russell Midcap Growth Index at reconstitution at the time of purchase and that is classified by the Adviser as a small- or mid cap company. As of June 30, 2025, the market capitalization of the companies in the Russell Midcap Growth Index ranged from dollar 1.68 billion to dollar 89.24 billion. The Adviser seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation. Because of its long-term approach, the Fund could have a significant percentage of its assets invested in securities that have appreciated beyond their market capitalizations at the time of the Funds investment.