AVLC vs LCDS

AVLCAAvantis U.S. Large Cap Equity ETF

LCDSBJPMorgan Fundamental Data Science Large Core ETF

In short

AVLC Active management with index-fund manners: roughly 900 U.S. large caps, with the dial turned toward cheaper, more profitable companies. Avantis charges 0.15% a year to do it.

LCDS J.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

AVLC The fund seeks long-term capital appreciation. It invests broadly in U.S. large-capitalization companies while using active decisions to overweight lower valuations and higher profitability.

LCDS 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

• AVLC 0.15% a year against a 0.65% median for active U.S. equity funds. That is passive-style pricing on an actively run book.
• Holds about 900 names against the Russell 1000, so the value and profitability tilts sit on top of broad market exposure instead of a concentrated bet.avantisinvestors.com
• One of the stronger builds in the active U.S. equity group, priced in the same neighborhood as the Dimensional core funds (DFAU, DFAC) it competes with.
• A multi-billion-dollar fund that trades steadily, so spreads and liquidity are rarely the sticking point. Distributions are paid quarterly.

• LCDS 0.30% 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%).
• Roughly 110 stocks instead of 500: concentrated enough for analyst picks to register, still recognizably large-cap core.
• The method is spelled out in the fund's own documents: fundamental research, data insights and risk management applied to large, established companies.jpmorgan.com
• Sits 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

• AVLC Launched in 2023. The tilt philosophy is well worn at Avantis, but this fund's own live record is still short.
• Active, not index-tracking. The Russell 1000 is a reference point, not a leash, so holdings and weights can drift from it.
• Leaning toward cheaper, higher-profitability companies means stretches where it moves differently from the plain cap-weighted market, in either direction.avantisinvestors.com

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

Full AVLC profile⁠

Full LCDS profile⁠