AVMC vs MCDS

AVMCAAvantis U.S. Mid Cap Equity ETF

MCDSBJPMorgan Fundamental Data Science Mid Core ETF

In short

AVMC The forgotten middle of the US market, run the Avantis way: roughly 600 mid-cap names tilted toward cheaper stocks with stronger profits, at 0.18% a year. Systematic active management priced like an index fund.

MCDS The 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

AVMC Seeks long-term capital appreciation through a broad portfolio of U.S. mid-cap companies, emphasizing securities with lower valuations and higher profitability ratios.

MCDS 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

• AVMC 0.18% a year, against a 0.65% median for active US equity funds. Index-fund pricing on an active mandate.
• Spreads the value-and-profitability tilt across roughly 600 mid-caps, so it leans on the screen rather than a handful of concentrated picks.avantisinvestors.com
• One of the strongest implementations in our active US equity group, sitting with large-cap sibling AVLC and the Dimensional core funds.
• Pure mid-cap exposure with a quarterly distribution, filling the gap most portfolios leave between mega-caps and small caps.

• MCDS Costs 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.
• The 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.jpmorgan.com
• Spreads 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.
• Mid-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.jpmorgan.com

Worth knowing

• AVMC Trades lighter than the giant index ETFs, which can mean wider bid-ask spreads at the moment you transact.
• Launched in 2023, so the live record is short. There's no published index behind it either: outcomes come from Avantis' own valuation and profitability rules.
• All mid-cap, no mega-cap ballast, plus a tilt away from expensive names. Both can put it out of step with a market led by the largest growth stocks.

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

Full AVMC profile⁠

Full MCDS profile⁠