FREDERICA ABAN/iStock via Getty Images Dear Baron Technology ETF® Shareholder, On a trailing three-year basis, the Fund generated an annualized return of 29.15%, outpacing both the Benchmark and QQQ, which yielded 24.83% and 22.33%, respectively. Annualized performance (%) for periods ended March 31, 2026 | | | | ETF Market Price1,2 ETF Nav1,2 MSCI ACWI Information Technology Index1 S&P 500Index1 MSCI ACWIIndex1 | | | | --- | --- | --- | --- | --- | --- | | QTD3 | (7.13) | (6.90) | (6.73) | (4.33) | (3.20) ...