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SCDS

GradeBNASDAQ Global Select

JPMorgan Fundamental Data Science Small Core ETF

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

$72.21−0.66 (−0.91%)

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

History starts Aug 7, 2024.
Intraday session: down, 59 prints from 72.87 to 72.21. Range 72.03 to 72.55. Use the arrow keys to read each point.$72.00$72.40$72.6010 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$9M
1Y return
+23.1%
Yield · Last 12 months
0.95%
Holdings
275
Volume · 30D
0M sh
NAV per share
$72.86
52W range
low $56.10high $78.04

The ETF.net SCDS Grade

B

61/ 100

Rank 11 of 41 in US Active Small-Cap

Confidence Medium

Six-pillar profile for SCDS. Scores out of 100: Cost 76, Risk 68, Mission not scored, Tradability 22, Holdings 68, Durability 56. Strongest: Cost (76). Weakest: Tradability (22). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 61 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 76
    Category rank11/41 · top 27%
  • 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.
    BScore 68
    Category rank6/37 · top 16%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 22
    Category rank34/41 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 68
    Category rank15/41 · top 37%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 56
    Category rank19/41 · top 46%

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

Our read on SCDS

ETF.net Research

BJPMorgan pairs human fundamental analysts with a data science engine to pick small caps, then spreads the calls across roughly 300 names. Active stock picking priced closer to a screened index fund.

Stated mandate

The fund invests primarily in equity securities of small-cap companies and uses a fundamental data science-enabled investment approach.

Why people hold it

  1. 01Costs 0.40% a year, below the typical active US small-cap fund, so the stock picking starts from a lower hurdle.
  2. 02Roughly 300 holdings, so no single small-cap stumble sets the tone for the whole portfolio.
  3. 03Core mandate: the data science process hunts across the whole small-cap field instead of being boxed into value or growth.am.jpmorgan.com
  4. 04Lands in the upper half of the active US small-cap funds we review, with quarterly distributions.

Worth knowing

  1. 01Launched in 2024. The process hasn't been tested through a full market cycle yet.
  2. 02Small asset base and thin trading. Spreads can widen, so limit orders matter more here than with the household-name funds.
  3. 03Cheaper small-cap options sit in the same peer group, including JPMorgan's own rules-based JPSE at 0.29% and Avantis' AVSC at 0.25%.

SCDS Holdings

As of Sep 21, 2026, 6:55 PM
Asset class
Stocks
Holdings
275
Top-10 weight
13%
Largest holding
JPMORGAN PRIME MONEY4.5%

Sectors

  • Health Care19.4%
  • Financials18.3%
  • Technology15.9%
  • Industrials12.9%
  • Consumer Discr.10.8%
  • Real Estate6.0%
  • Energy5.6%
  • Materials3.1%
  • Utilities2.9%
  • Cons. Staples2.6%
  • Communication2.6%

Geography

  • United States94.95%
  • Bermuda1.41%
  • Canada0.93%
  • Ireland0.77%
  • Cayman Islands0.60%
  • United Kingdom0.43%
  • Switzerland0.36%
  • Israel0.32%
  • Other countries (2)0.24%
The fund’s holdings, weight-ordered — page 1 of 19.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001JPMORGAN PRIME MONEY4.54%428,265$428K38
002TWSTTWIST BIOSCIENCE CORP1.15%652$109K123
003CHEFCHEFS' WAREHOUSE INC/THE1.13%959$106K123
004RHPRYMAN HOSPITALITY1.01%782$95K122
005WSFSWSFS FINANCIAL CORP0.94%1,123$88K134
006MOG-AMOOG INC-CLASS A0.90%234$85K148
007MCRIMONARCH CASINO & RESORT0.89%693$84K125
008LTHLIFE TIME GROUP HOLDINGS0.88%2,033$83K137
009AZZAZZ INC COMMON STOCK USD0.84%599$79K142
010FIBKFIRST INTERSTATE0.76%1,926$72K126
011FFBCFIRST FINANCIAL BANCORP0.76%2,239$72K134
012SMSM ENERGY CO COMMON0.76%1,939$72K161
013PRMPERIMETER SOLUTIONS INC0.75%2,196$71K77
014RUSHARUSH ENTERPRISES INC0.73%1,410$69K140
015CONCONCENTRA GROUP HOLDINGS0.72%1,917$68K128

Showing 1–15 of 276 holdings

SCDS Performance

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

SCDS$12,313
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. SCDS $12,313. SPY $11,723. Use the arrow keys to read each point.$9,239$11,357$13,475Sep 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 SCDS. Periods over one year show the average yearly return.
PeriodSCDS
Year to date+21.7%
1 month−4.4%
3 months−4.8%
1 year+23.1%
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 SCDS
YearReturn barSCDS
2026 YTD+21.7%
2025+11.3%
2024+9.7%

Since listing, Aug 7, 2024

SCDS in the news

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

SCDS 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.
0.95%Last 12 months
Payout per share
$0.69Last 12 months
Last payment
$0.16 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 $0.04; Dec 24, 2024 $0.19; Mar 25, 2025 $0.06; Jun 24, 2025 $0.15; Sep 23, 2025 $0.19; Dec 16, 2025 $0.29; Mar 24, 2026 $0.05; Jun 23, 2026 $0.16. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Jun 23, 2026Jun 25, 2026$0.16
Mar 24, 2026Mar 26, 2026$0.05
Dec 16, 2025Dec 18, 2025$0.29
Sep 23, 2025Sep 25, 2025$0.19
Jun 24, 2025Jun 26, 2025$0.15
Mar 25, 2025Mar 27, 2025$0.06
Dec 24, 2024Dec 27, 2024$0.19
Sep 24, 2024Sep 26, 2024$0.04

SCDS Risk

How much the fund’s monthly returns vary, scaled to a year.
17.9%
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.
0.77
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.
−26.7%
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.
1.20
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.

SCDS Cost

Expense ratio0.40%
  • The middle half of US Active Small-Cap funds
  • Median 0.55%

9 of the 39 US Active Small-Cap funds charge less.

SCDS costs $40.00 a year on $10,000. The median US Active Small-Cap fund costs $55.00.