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LCDS

GradeBNASDAQ Global Select

JPMorgan Fundamental Data Science Large Core ETF

Active Equity · J.P. Morgan · Inception 2024-08-07

$73.81−0.45 (−0.60%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Aug 7, 2024.
Intraday session: down, 59 prints from 74.25 to 73.81. Range 73.64 to 74.20. Use the arrow keys to read each point.$73.60$74.00$74.2010 AM12 PM2 PM4 PM
Expense ratio
0.30%
Fund size
$17M
1Y return
+17.6%
Yield · Last 12 months
1.07%
Holdings
113
Volume · 30D
0M sh
NAV per share
$74.25
52W range
low $60.85high $74.86

The ETF.net LCDS Grade

B

57/ 100

Rank 48 of 127 in US Active Equity

Confidence High

Six-pillar profile for LCDS. Scores out of 100: Cost 85, Risk 59, Mission 81, Tradability 6, Holdings 61, Durability 42. Strongest: Cost (85). Weakest: Tradability (6). Leans toward Cost and Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 57 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 85
    Category rank20/127 · top 16%
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 81
    Category rank11/48 · top 23%
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 59
    Category rank46/126 · top 37%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 6
    Category rank124/127 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 61
    Category rank58/124 · top 47%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 42
    Category rank89/127 · mid-pack

Graded as of Sep 22, 2026

Our read on LCDS

ETF.net Research

BJ.P. Morgan aims its human stock analysts at a data-science engine and builds a roughly 110-stock alternative to the S&P 500 from what comes out. Active large-cap core, priced at 0.30%, well under the usual active tab.

Stated mandate

The fund seeks long-term capital appreciation by investing primarily in equity securities of large, established companies. Its approach combines fundamental research, data insights, and risk management to assess financial prospects and relative valuation.

Why people hold it

  1. 010.30% a year, under half the 0.65% median for active US equity funds and cheaper than most active funds run against the S&P 500 (HELO 0.50%, JPEF 0.44%, TSPA 0.34%).
  2. 02Roughly 110 stocks instead of 500: concentrated enough for analyst picks to register, still recognizably large-cap core.
  3. 03The method is spelled out in the fund's own documents: fundamental research, data insights and risk management applied to large, established companies.am.jpmorgan.com
  4. 04Sits in the upper tier of the active US equity funds we cover, helped by a cost structure closer to index products than to stockpickers.

Worth knowing

  1. 01Thinly traded with a small asset base, so spreads tend to be wider than at the giant index funds it competes with.
  2. 02Launched in August 2024, so there is not yet a long record covering different market environments.
  3. 03The mandate is long-term capital appreciation, not income; distributions arrive quarterly.

LCDS Holdings

As of Sep 21, 2026, 6:54 PM
Asset class
Stocks
Holdings
113
Top-10 weight
44%
Largest holding
NVDA9.0%

Geography

  • United States96.67%
  • Ireland1.92%
  • Netherlands0.98%
  • Sweden0.19%
  • United Kingdom0.17%
  • Switzerland0.07%
The fund’s holdings, weight-ordered — page 1 of 8.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA CORP COMMON STOCK8.95%6,659$1M828
002AAPLAPPLE INC COMMON STOCK7.51%3,694$1M707
003MSFTMICROSOFT CORP COMMON6.34%2,122$1M792
004GOOGLALPHABET INC-CL A -5.02%2,374$830K704
005AMZNAMAZON.COM INC COMMON4.26%2,773$704K720
006METAMETA PLATFORMS INC2.76%686$456K683
007MUMICRON TECHNOLOGY INC2.54%414$421K655
008AVGOBROADCOM INC COMMON2.37%1,099$392K732
009WFCWELLS FARGO & CO COMMON2.16%4,146$357K380
010XOMEXXONMOBIL HOLDINGS CORP1.88%1,903$311K501
011MAMASTERCARD INC COMMON1.67%487$275K512
012AMDADVANCED MICRO DEVICES1.56%462$259K618
013ABBVABBVIE INC COMMON STOCK1.48%926$244K511
014LLYELI LILLY AND COMPANY1.36%195$225K569
015TSLATESLA INC COMMON STOCK1.29%586$213K509

Showing 1–15 of 114 holdings

LCDS Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

LCDS$11,761
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. LCDS $11,761. SPY $11,723. Use the arrow keys to read each point.$9,347$10,680$12,013Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for LCDS. Periods over one year show the average yearly return.
PeriodLCDS
Year to date+14.3%
1 month+1.0%
3 months+4.6%
1 year+17.6%
3 yearsFund is under 3 years oldper year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for LCDS
YearReturn barLCDS
2026 YTD+14.3%
2025+17.7%
2024+12.7%

Since listing, Aug 7, 2024

LCDS in the news

ETF.net Research hasn’t filed on LCDS yet — coverage lands here as it’s written.

LCDS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.07%Last 12 months
Payout per share
$0.79Last 12 months
Upcoming payment
$0.17 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 9 payments from 2024 to 2026 YTD. Sep 24, 2024 $0.07; Dec 24, 2024 $0.19; Mar 25, 2025 $0.10; Jun 24, 2025 $0.14; Sep 23, 2025 $0.16; Dec 16, 2025 $0.20; Mar 24, 2026 $0.13; Jun 23, 2026 $0.13; Sep 22, 2026 $0.17. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Pays Sep 24, 2026$0.17
Jun 23, 2026Jun 25, 2026$0.13
Mar 24, 2026Mar 26, 2026$0.13
Dec 16, 2025Dec 18, 2025$0.20
Sep 23, 2025Sep 25, 2025$0.16
Jun 24, 2025Jun 26, 2025$0.14
Mar 25, 2025Mar 27, 2025$0.10
Dec 24, 2024Dec 27, 2024$0.19
Sep 24, 2024Sep 26, 2024$0.07

LCDS Risk

How much the fund’s monthly returns vary, scaled to a year.
12.3%
Annualised · 24 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.06
vs 3-month T-bills · 24 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−18.4%
25 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.94
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

LCDS Cost

Expense ratio0.30%
  • The middle half of US Active Equity funds
  • Median 0.70%

17 of the 124 US Active Equity funds charge less.

LCDS costs $30.00 a year on $10,000. The median US Active Equity fund costs $70.00.