JPMorgan Fundamental Data Science Large Core ETF

JPMorgan Fundamental Data Science Large Core ETF (LCDS) is an actively managed fund holding 112 large-company stocks, built to resemble the S&P 500's mix of growth and value. Its managers pair JPMorgan's long-running analyst research with data science models to pick shares they judge attractively priced for their risk. The trade-offs: a 0.30% annual fee, versus a 0.13% average for similar funds, and only about $16 million in assets as of June 30, 2026.

• Over the year to Oct 27, 2026, LCDS returned +14.1%, 2nd of 9 among similar funds.
• Its worst full calendar year was 2025 (+17.7%); its best was 2025 (+17.7%).
• The deepest fall in its price history was 18.4% (Jan 23, 2025 to Apr 8, 2025), recovered by Jun 26, 2025.

As of Jun 30, 2026, the fund held 112 securities; the ten largest made up 41.31% of assets.

By sector

• Over the three months to Jun 30, 2026, investors added a net $34K (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +9.90%, +4.65%, -1.14%.

LCDS is actively managed: a JPMorgan team picks the stocks instead of copying an index. Normally at least 80% of assets go into large, well-established companies, meaning those with market values in the S&P 500's range, which ran from $6.20 billion to $5.50 trillion as of September 30, 2026. The managers aim for S&P 500-like growth and value traits, making it a “core,” or blended, fund.

Stock selection relies on data science: JPMorgan's own techniques for combining its decades of analyst research, company financial statements and other data to forecast each company's prospects. The team uses those forecasts to find shares priced attractively for their risk, then builds a portfolio seeking the strongest expected results while limiting risks such as economic swings and new competitors. It also weighs financially material environmental, social and governance (ESG) issues. Stocks leave when fundamentals change, the price stops looking attractive, or a better idea appears. Turnover, the share of holdings replaced in a year, was a low 12%.

The fund is “non-diversified,” so it can hold bigger stakes in single companies than a diversified fund; NVIDIA was 8.3% of assets as of June 30, 2026. It may use futures contracts, agreements to trade an index at a set future price, mainly to keep spare cash invested, but held none on that date.

• LCDS charges 0.3% a year, versus an average of 0.13% for the similar funds below (9th of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $31 in the first year and $381 over 10 years (assuming a 5% annual return).

It holds 112 large, mostly US companies with S&P 500-like growth and value traits, so it could fill a broad large-cap stock slot, though at a higher fee than index funds and with a short record.

Launched August 7, 2024, LCDS has no record through the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market. Its worst calendar year is also its only full one: 2025, a 17.59% gain. Its deepest peak-to-low drop was 18.4%, from January 23 to April 8, 2025; it recovered by June 26, about 2.6 months later. A retiree selling near that low would have locked in losses, and a longer bear market could take far longer to recover.

Income is slim: quarterly dividends over the 12 months to October 27, 2026, equaled 0.85% of the share price. The 0.30% expense ratio (annual fee) is above the 0.13% average of similar funds; in the SEC's standard $10,000 example it costs $31 in year one and $381 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.