LCDS ETF — Holdings & Analysis

The JPMorgan Fundamental Data Science Large Core ETF (LCDS) is a US Equity ETF with $0.01B in assets under management and an expense ratio of 0.30%.

LCDS employs a fundamental data science-enabled investment approach, combining research, data insights, and risk management to invest in large, well-established companies, with a focus on technology-driven businesses. The fund is non-diversified, offering a concentrated exposure to its selected holdings.

JPMorgan Fundamental Data Science Large Core ETF (LCDS) ETF — Price, Holdings & Analysis

The JPMorgan Fundamental Data Science Large Core ETF (LCDS) is a US Equity ETF with $0.01B in assets under management and an expense ratio of 0.30%. LCDS employs a fundamental data science-enabled investment approach, combining research, data insights, and risk management to invest in large, well-established companies, with a focus on technology-driven businesses. The fund is non-diversified, offering a concentrated exposure to its selected holdings.

ETF Overview

Under normal circumstances, the fund invests at least 80% of its assets in equity securities of large, well established companies. Many of the equity securities in the fund’s portfolio will be technology companies or companies that rely heavily on technological advances. In managing the fund, the adviser employs a fundamental data science enabled investment approach that combines research, data insights, and risk management. The fund is non-diversified.

LCDS aims to provide investment results that closely correspond to the performance of large-cap US equities, with a tilt towards companies that benefit from technological advancements. The fund utilizes a data science-driven approach to identify and select companies for its portfolio. This approach combines traditional fundamental research with data analytics to gain a competitive edge. The fund invests at least 80% of its assets in equity securities of large, well-established companies. A significant portion of the portfolio is allocated to technology companies or those heavily reliant on technological advances. As of 2026-03-15, the top holdings include NVIDIA Corp (7.88%), Apple Inc (6.59%), and Microsoft Corp (5.81%). Sector allocation is heavily weighted towards Technology (33.2%), followed by Financial Services (12.2%) and Communication Services (10.1%). The fund is non-diversified, which means it can invest a significant portion of its assets in a smaller number of holdings compared to a diversified fund.

Risk Metrics

LCDS carries several risks inherent to its investment strategy. The fund's non-diversified status means that its performance is highly dependent on the success of its top holdings, increasing concentration risk. The significant allocation to the Technology sector (33.2%) exposes the fund to sector-specific risks, such as rapid technological changes, regulatory hurdles, and competitive pressures. As of 2026-03-15, the fund's beta is 0.00, indicating it may not be as volatile as the overall market. The expense ratio of 0.30% will create a drag on returns over time, especially when compared to lower-cost alternatives. Investors should also consider the risks associated with the fund's data science-driven approach, as the effectiveness of this approach depends on the quality and accuracy of the data used.

Expense Ratio

0.30%

What does LCDS hold?

Holding	Weight
NVIDIA Corp (NVDA)	7.88%
Apple Inc (AAPL)	6.59%
Microsoft Corp (MSFT)	5.81%
Alphabet Inc Class A (GOOGL)	4.75%
Amazon.com Inc (AMZN)	3.93%
Meta Platforms Inc Class A (META)	3.09%
Broadcom Inc (AVGO)	2.37%
Wells Fargo & Co (WFC)	2.28%
Micron Technology Inc (MU)	2.01%
Exxon Mobil Corp (XOM)	1.96%

How Is the Fund Allocated?

Sector	Weight
Technology	33.2%
Financial Services	12.2%
Communication Services	10.1%
Consumer Cyclical	9.7%
Healthcare	8.8%
Industrials	7.2%
Cash & Others	4.9%
Consumer Defensive	4.8%
Energy	3.7%
Utilities	2.8%
Real Estate	1.6%
Basic Materials	0.9%

Country	Weight
United States	95.8%
Ireland	2.1%
Netherlands	1.0%
Other	0.7%
Luxembourg	0.2%
Switzerland	0.1%
United Kingdom	0.1%

Dividend Yield

0.00%

Columbia U.S. Equity Income ETF (EQIN) — 0.35% expense ratio
VictoryShares Dividend Accelerator ETF (VSDA) — 0.40% expense ratio
WisdomTree U.S. High Dividend Fund (DHS) — 0.38% expense ratio
WisdomTree U.S. Total Dividend Fund (DTD) — 0.28% expense ratio
WisdomTree U.S. AI Enhanced Value Fund (AIVL) — 0.38% expense ratio
Dimensional - US Small Cap Value ETF (DFSV) — 0.30% expense ratio
Dimensional - US Large Cap Value ETF (DFLV) — 0.21% expense ratio
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) — 0.50% expense ratio

JPMorgan Flexible Income ETF (JFLI) (Multi-Asset) — 0.35% expense ratio
JPMorgan U.S. Minimum Volatility ETF (JMIN) (Equity) — 0.12% expense ratio
JPMorgan BetaBuilders Emerging Markets Equity ETF (BBEM) (International Equity) — 0.15% expense ratio
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) (US Equity) — 0.50% expense ratio
JPMorgan International Bond Opportunities ETF (JPIB) (Fixed Income) — 0.50% expense ratio
JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE) (US Equity) — 0.24% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is LCDS and what does it track?

The JPMorgan Fundamental Data Science Large Core ETF (LCDS) is an exchange-traded fund that seeks to provide investment results corresponding to the performance of large-cap US equities.

LCDS employs a fundamental data science-enabled investment approach, combining research, data insights, and risk management.

What is the expense ratio for LCDS?

The expense ratio for LCDS is 0.30%. This means that for every $10,000 invested in the fund, $30 is used to cover the fund's operating expenses.

While 0.30% is a reasonable expense ratio, it's important to consider that other US Equity ETFs may have lower expense ratios.

What are the top holdings in LCDS?

As of 2026-03-15, the top holdings in LCDS are concentrated in a few key companies. The top three holdings are NVIDIA Corp (NVDA) at 7.88%, Apple Inc (AAPL) at 6.59%, and Microsoft Corp (MSFT) at 5.81%.

Other significant holdings include Alphabet Inc Class A (GOOGL) at 4.75% and Amazon.com Inc (AMZN) at 3.93%. These top holdings represent a significant portion of the fund's overall portfolio, reflecting its non-diversified approach.

Is LCDS a good long-term investment?

Whether LCDS is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and time horizon. The fund's focus on technology and data science-driven investment may appeal to investors seeking exposure to innovative companies.

However, the fund's non-diversified status and concentration in the Technology sector may increase its volatility.

How does LCDS compare to similar ETFs?

LCDS differentiates itself through its fundamental data science-enabled investment approach, combining research, data insights, and risk management. Its expense ratio is 0.30%. The fund's AUM is $0.01B, which may be smaller than some of its competitors.

Other US Equity ETFs may focus on different investment strategies, such as value investing or growth investing.

Does LCDS pay dividends?

As of 2026-03-15, the JPMorgan Fundamental Data Science Large Core ETF (LCDS) has a dividend yield of 0.00%. This indicates that the fund currently does not distribute any dividends to its shareholders.

Investors seeking income-generating investments may want to consider other ETFs with higher dividend yields. However, it's important to note that dividend yields can fluctuate over time and are not guaranteed.