LCDS vs TACU

LCDSBJPMorgan Fundamental Data Science Large Core ETF

TACUAT. Rowe Price Active Core U.S. Equity ETF

In short

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.

TACU T. Rowe Price's quant-plus-fundamental take on core large-cap U.S. stock, benchmarked to the Russell 1000. Gross fee 0.14%, fully waived to zero through January 30, 2027.

Stated mandate

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.

TACU The fund seeks long-term capital growth through a primarily U.S. equity portfolio. It combines quantitative models with fundamental, bottom-up analysis and seeks excess returns relative to the Russell 1000 Index.

Why people hold it

• 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.

• TACU Fee fully waived: 0.14% gross, zero net through January 30, 2027. That sits below every top-scoring peer in the category, including DFAU at 0.12% with no waiver.troweprice.com
• Quant models feed bottom-up stock picking with tilts to profitability, quality and value, chasing excess return over the Russell 1000 while holding tracking error tight.troweprice.com
• Several hundred large-cap names, so no single position runs the show. One of the stronger profiles in a crowded active U.S. equity field.troweprice.com

Worth knowing

• 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.

• TACU Launched in December 2025, so the live record is short and the risk read rests on limited history.
• Still a small fund that trades lightly, which can mean wider spreads than the category's giants.
• Distributions are annual at most, with no declared income target. This is a growth mandate, not a cash-flow one.

Full LCDS profile⁠

Full TACU profile⁠