SCHEDULE A
| Name of Portfolio |
Annual Fee as a Percentage of Average Daily Net Assets |
Initial Reapproval Date | ||
| Baron First Principles ETF |
1.00% | May 5, 2026 | ||
| Baron Global Durable Advantage ETF |
0.75% | May 5, 2026 | ||
| Baron SMID Cap ETF |
0.75% | May 5, 2026 | ||
| Baron Financials ETF |
0.80% | May 5, 2026 | ||
| Baron Technology ETF |
0.75% | May 5, 2026 | ||
| Baron Emerging Markets Select ETF |
0.80% | May 5, 2026 | ||
| Baron Risk Optimized Large Cap ETF |
0.45% | May 5, 2027 |
Approved as of: May 5, 2026