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MCDS

GradeBNASDAQ Global Select

JPMorgan Fundamental Data Science Mid Core ETF

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

$66.08−0.10 (−0.16%)

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

History starts Aug 7, 2024.
Intraday session: down, 59 prints from 66.19 to 66.08. Range 65.98 to 66.25. Use the arrow keys to read each point.$66.00$66.2010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$9M
1Y return
+15.2%
Yield · Last 12 months
1.06%
Holdings
204
Volume · 30D
0M sh
NAV per share
$66.19
52W range
low $55.63high $70.42

The ETF.net MCDS Grade

B

64/ 100

Rank 10 of 48 in US Active Small/Mid-Cap

Confidence Medium

Six-pillar profile for MCDS. Scores out of 100: Cost 83, Risk 75, Mission not scored, Tradability 11, Holdings 75, Durability 60. Strongest: Cost (83). Weakest: Tradability (11). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 64 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 83
    Category rank9/48 · top 19%
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 75
    Category rank6/44 · top 14%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 11
    Category rank45/48 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 75
    Category rank11/48 · top 23%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 60
    Category rank18/48 · top 38%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on MCDS

ETF.net Research

BThe mid-cap slice of J.P. Morgan's Fundamental Data Science suite: human analyst research run through a data-science screen, about 200 mid-caps, at roughly half the fee of the median active US equity ETF.

Stated mandate

The fund seeks long-term capital appreciation by investing primarily in mid-cap equity securities. Its approach combines fundamental research, data insights, and risk management to evaluate financial prospects and relative value.

Why people hold it

  1. 01Costs 0.35% a year against a 0.65% median for active US equity ETFs. Active research at a fee closer to a smart-beta product.
  2. 02The engine isn't a startup experiment: JPMorgan runs the same data-science process behind its Applied Data Science Value Fund and the stock sleeve of its Nasdaq Equity Premium Income ETF.am.jpmorgan.com
  3. 03Spreads bets across roughly 200 mid-cap names, one of the better-diversified books among active US equity funds, so no single pick carries the portfolio.
  4. 04Mid-caps are the neglected middle of the US market, and this is a dedicated core sleeve there rather than a large-cap fund that wanders down-cap.am.jpmorgan.com

Worth knowing

  1. 01A small, thinly traded fund. Spreads can run wider than on household-name ETFs, which matters most for large or hurried orders.
  2. 02Launched in 2024, so the live record is short. The data-science process has longer history elsewhere at the firm, but not in this wrapper.am.jpmorgan.com
  3. 03Broad systematic peers such as DFAU (0.12%) and AVLC (0.15%) charge less. The gap is what active stock selection costs here.

MCDS Holdings

As of Sep 21, 2026, 6:55 PM
Asset class
Stocks
Holdings
204
Top-10 weight
15%
Largest holding
JPMORGAN PRIME MONEY3.6%

Sectors

  • Technology19.1%
  • Industrials15.4%
  • Financials13.3%
  • Health Care12.2%
  • Consumer Discr.10.0%
  • Energy7.1%
  • Real Estate6.6%
  • Utilities6.1%
  • Cons. Staples4.5%
  • Materials3.2%
  • Communication2.3%

Geography

  • United States96.80%
  • Switzerland0.99%
  • Bermuda0.93%
  • Ireland0.78%
  • Cayman Islands0.30%
  • United Kingdom0.20%
The fund’s holdings, weight-ordered — page 1 of 14.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001JPMORGAN PRIME MONEY3.64%335,135$335K38
002MPCMARATHON PETROLEUM CORP1.87%405$172K391
003HPEHEWLETT PACKARD1.45%2,200$134K379
004NTRANATERA INC COMMON STOCK1.23%306$113K223
005STTSTATE STREET CORP COMMON1.18%596$109K356
006WABWESTINGHOUSE AIR BRAKE1.13%371$104K272
007CAHCARDINAL HEALTH INC1.12%456$103K367
008SNOWSNOWFLAKE INC COMMON1.09%303$101K321
009TERTERADYNE INC COMMON1.08%267$99K421
010MTBM&T BANK CORP COMMON1.00%406$92K295
011DGXQUEST DIAGNOSTICS INC0.99%369$91K306
012SNXTD SYNNEX CORP COMMON0.93%323$86K230
013RJFRAYMOND JAMES FINANCIAL0.92%517$85K274
014DOVDOVER CORP COMMON STOCK0.89%439$82K284
015ACGLARCH CAPITAL GROUP LTD0.89%848$82K296

Showing 1–15 of 206 holdings

MCDS Performance

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

MCDS$11,524
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. MCDS $11,524. SPY $11,723. Use the arrow keys to read each point.$9,313$10,896$12,479Sep 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 MCDS. Periods over one year show the average yearly return.
PeriodMCDS
Year to date+13.4%
1 month−4.0%
3 months−1.6%
1 year+15.2%
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 MCDS
YearReturn barMCDS
2026 YTD+13.4%
2025+6.5%
2024+12.1%

Since listing, Aug 7, 2024

MCDS in the news

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

MCDS 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.
1.06%Last 12 months
Payout per share
$0.70Last 12 months
Last payment
$0.17 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 8 payments from 2024 to 2026 YTD. Sep 24, 2024 $0.09; Dec 24, 2024 $0.27; Mar 25, 2025 $0.09; Jun 24, 2025 $0.17; Sep 23, 2025 $0.21; Dec 16, 2025 $0.25; Mar 24, 2026 $0.07; Jun 23, 2026 $0.17. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Jun 23, 2026Jun 25, 2026$0.17
Mar 24, 2026Mar 26, 2026$0.07
Dec 16, 2025Dec 18, 2025$0.25
Sep 23, 2025Sep 25, 2025$0.21
Jun 24, 2025Jun 26, 2025$0.17
Mar 25, 2025Mar 27, 2025$0.09
Dec 24, 2024Dec 27, 2024$0.27
Sep 24, 2024Sep 26, 2024$0.09

MCDS Risk

How much the fund’s monthly returns vary, scaled to a year.
12.9%
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.
0.69
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.
−22.5%
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.
0.82
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.

MCDS Cost

Expense ratio0.35%
  • The middle half of US Active Small/Mid-Cap funds
  • Median 0.55%

7 of the 47 US Active Small/Mid-Cap funds charge less.

MCDS costs $35.00 a year on $10,000. The median US Active Small/Mid-Cap fund costs $55.00.