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Sunday, August 23, 2026The Morning Brief →Sign in

JPMorgan BetaBuilders U.S. Small Cap Equity ETF

$91.60+0.83% today
699352-WK

The fund will invest at least 80% of its assets in securities included in the index and at least 80% of its assets in the securities of small-capitalization companies. The index consists of equity securities primarily traded in the United States and targets those securities that fall between the 95th and 99th percentiles in market capitalization of the free float adjusted investable universe.

Price & daily flows
88.281.474.691.60DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$4M OVER THIS RANGE

The desk’s read

Money keeps arriving — +$39M of net buying over the past month, about 5.1% of the fund's asset base, while the price has returned +22.0% so far this year. At 0.090% a year it is not the cheapest way in — IEFA runs the same ground at 0.07%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$756Massets under management
0.090%expense ratio · $9 per $10,000 a year
+$39Mnet flow, trailing month
6Kavg daily volume, 30 days
830holdings
2020listed November 14, 2020 · beta 1.17
Sector weights
Finance24.9%
Financial Services18.16%
Financials17.95%
Healthcare16.08%
Consumer Discretionary15.25%
Information Technology14.94%
Industrials14.87%
Technology14.72%
Technology Services12.15%
Health Technology11.74%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States98.57%
Other2.14%
Bermuda0.25%
Israel0.23%
Canada0.17%
Ireland0.15%
Taiwan0.13%
Jersey0.13%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-1.9%
1 month+2.8%
3 months+7.4%
6 months+15.5%
YTD+22.0%
1 year+26.6%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week+$32M
1 month+$39M
3 months−$10M
YTD+$20M
1 year+$4M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
SepOctNovDecJanFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
15%realized volatility, 30 days (annualized)
18%realized volatility, 1 year
-9.7%deepest fall from a peak, 1 year
-1.9%where it sits vs. that peak today

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

The case against BBSC

Due diligence cuts both ways. These funds sit on the same shelf and beat BBSC on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M-4bp on fee · 170× the assets · +$547M in over the monthHead-to-head
IMCB iShares Morningstar Mid-Cap ETF0.04%$1.7B+$15M-5bp on fee · 2× the assets · +$15M in over the monthHead-to-head
VO Vanguard Mid Cap Index Fund0.04%$68.1B-5bp on fee · 90× the assetsHead-to-head
IMCG iShares Morningstar Mid-Cap Growth ETF0.06%$4.2B+$69M-3bp on fee · 6× the assets · +$69M in over the monthHead-to-head
IMCV iShares Morningstar Mid-Cap Value ETF0.06%$1.2B+$20M-3bp on fee · 2× the assets · +$20M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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