JUSA vs PCLC

JUSAAJPMorgan U.S. Research Enhanced Large Cap ETF

PCLCCPolen 5Perspectives Large Growth ETF

In short

JUSA Active stock picking in index clothing: J.P. Morgan analysts tilt roughly 300 large caps while sector weights and risk stay close to the S&P 500, for 0.18% a year with no waiver attached.

PCLC Polen put its 5Perspectives framework, a 25-year-old blend of fundamental, thematic and technical analysis, into an ETF. Active large-cap growth hunting innovators at an earnings inflection, for 0.50% a year.

Stated mandate

JUSA The fund seeks capital appreciation through active, fundamental, bottom-up selection of large-cap U.S. equities. It targets companies with strong long-term earnings potential and attractive valuations relative to peers.

PCLC The Fund seeks long-term capital appreciation. It normally invests at least 80% of net assets in equity securities of large-cap issuers exhibiting growth characteristics.

Why people hold it

• JUSA 0.18% a year with no waiver propping it up, below its category median. GUSE charges 0.30% and LRGC 0.39% for similar enhanced-index work; FELG ties it at 0.18%.
• Active where it counts, plain where it doesn't: bottom-up stock picks across roughly 300 large caps, with sector mix and risk profile kept close to the S&P 500.jpmorgan.com
• Stands among the strongest implementations in a 90-fund peer group of active large-cap funds, helped by a low fee and tightly managed risk.

• PCLC The whole pitch is the process: fundamental, thematic and technical evidence weighed across five lenses, with that combined weight of evidence setting buys, sells and position sizes.polencapital.com
• At 0.50% a year it sits below the middle of its active large-growth peer group, though enhanced-index rivals like JUSA (0.12%) and FELG (0.18%) undercut it by a wide margin.
• The mandate is concrete: at least 80% of net assets in large-cap growth equities, with the team leaning on secular themes like AI, electrification, genomics and aerospace.polencapital.cominvestmentnews.com
• Drew Cupps has run this framework for decades, at his own firm and two others before the team joined Polen in 2025, and he manages the fund himself.polencapital.compolencapital.com 2

Worth knowing

• JUSA Launched in March 2025, so there is only a short live record on this ticker to judge.
• Moderately traded rather than a volume monster, so spreads can run wider than the giant index funds', especially in fast markets.
• Tracking the S&P 500's sector weights limits how far results can stray from the benchmark in either direction. This is a nudge on the index, not a different bet.jpmorgan.com

• PCLC Small and thinly traded so far, which can mean wider bid-ask spreads and less predictable fills than the household-name large-cap ETFs in this aisle.
• Launched in 2026. The framework's long record was built in separate accounts at prior firms, not in this ticker, so there is little fund-level history to lean on.polencapital.com
• Income is incidental here: distributions are annual and come from net investment income, and the fund discloses that part of a payout can be return of capital.

Full JUSA profile⁠

Full PCLC profile⁠