JMEE vs OASC

JMEEAJPMorgan Small & Mid Cap Enhanced Equity ETF

OASCCOneAscent Enhanced Small and Mid Cap ETF

In short

JMEE Enhanced indexing, not index hugging for its own sake: JMEE keeps sector weights close to the S&P 1000, then lets proprietary stock rankings pick the names. Roughly 700 holdings at 0.35%.

OASC Faith-based screen, quant tilt. OASC strips companies that fail OneAscent's values test from the Bloomberg US 2500, then rebuilds roughly 200 small and mid caps ranked on returns on capital and asset growth, targeting 2.5% tracking error.

Stated mandate

JMEE The fund seeks returns above the S&P 1000 Index by using proprietary stock rankings and fundamental analysis, while maintaining broadly similar sector weights.

OASC The Fund seeks to outperform the Bloomberg US 2500 Total Return Index before expenses. It invests primarily in U.S. small- and mid-cap equities, applying OneAscent’s Values-Based Screening and quantitative Corporate Lifecycle Screen.

Why people hold it

• JMEE Index shape, active edges. Sector weights stay broadly in line with the S&P 1000 while proprietary rankings and fundamental analysis pick the stocks, spread over roughly 700 names.jpmorgan.com
• 0.35% with no waiver holding it there, below the median for active small/mid-cap funds. Cheaper than DFMC at 0.43%; AVMC (0.18%) and FEMV (0.23%) undercut it.
• Not a 2020s startup: the strategy dates to 1998 and runs a multi-billion-dollar book, so the research process has been through a few full market cycles.
• One of the strongest implementations in the active small/mid-cap group.

• OASC The values screen comes first: companies the adviser judges to consistently harm stakeholders (predatory lending, human rights violations, patterns of severe ethics controversies) are cut from the universe before any stock gets picked.sec.gov
• The "enhanced" part is rules-driven, not a hunch. OneAscent's Corporate Lifecycle Screen scores every surviving company on returns on invested capital and asset growth rates, then weights the portfolio from those ranks.sec.gov
• Not a closet index, not a wild swing: fund documents target roughly 200 holdings and 2.5% tracking error against the Bloomberg US 2500, so the screens tilt weights inside a market-shaped frame.sec.gov

Worth knowing

• JMEE Active, not a replicator. There is no index to copy, so results ride on JPMorgan's stock rankings rather than a published rulebook.
• Benchmark-like sector weights mean it moves with the small and mid-cap market. This is a tilt on that exposure, not a cushion against it.
• Distributions land once or twice a year, and it trades moderately rather than heavily, so spreads matter more than in the biggest index funds.

• OASC Cost is the trade-off: 0.69% net of a waiver through December 31, 2026, against a 1.38% gross ratio, above the category median. Quant SMID peers run cheaper, like AVMC at 0.18% and JMEE at 0.35%.
• The mandate was reset on November 12, 2025, from a small-cap S&P 600 tracker to this broader small and mid cap approach, so the record under today's rules is short on a fund that launched in 2024.sec.govoneascent.com
• Screening out slices of the index means returns can drift from the benchmark, and the prospectus says they may be lower than if picks were made on investment merits alone. It also trades thinly.sec.gov

Full JMEE profile⁠

Full OASC profile⁠