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BetaBuilders US Small Cap Equity UCITS ETF tracks the issuer-declared index: MSUSCTNU. The declared annual cost (TER) is 0.13%, plus 0.01% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 345 million euro, was launched on 9 August 2022 and is domiciled in Ireland.
Investment Objective: The Sub-Fund seeks to provide returns that correspond with those of the Index. The Sub-Fund may, for efficient portfolio management purposes, use financial derivative instruments.
Keep reading the KID section ▾
Investment Policy:The Sub-Fund pursues a passively managed (index tracking) strategy. USD is the base currency of the Sub-Fund. The Sub-Fund aims to track the performance of the Index as closely as possible, regardless of whether the Index level rises or falls, while seeking to minimise as far as possible the tracking error between the Sub-Fund's performance and that of the Index. The Index is comprised primarily of small capitalisation stocks issued by companies in the US. Companies in the Index mainly operate within the industrials, information technology, health care, financial services and consumer sectors. The Investment Manager will aim to replicate the Index by holding all of the Index Securities in a similar proportion to their weighting in the Index. However, where full replication of the Index is not reasonably possible, the Sub-Fund will use the optimisation methodology to select Index Securities in order to build a representative portfolio that provides a return that is comparable to that of the Index. Consequently, the SubFund may over certain periods only hold a certain sub-set of the Index Securities. It is currently anticipated that the tracking error of the Sub-Fund will be up to 30 bps under normal market conditions. The causes of tracking error can include but are not limited to the following: holdings/size of the Sub-Fund, cash flows, such as any delays in investing subscription proceeds into the Sub-Fund or realising investments to meet redemptions, fees and the frequency of rebalancing against the Index.
Redemption and Dealing:Shares of the Sub-Fund are traded on one or more stock exchanges. Certain market makers and brokers may subscribe and redeem Shares directly with JPMorgan ETFs (Ireland) ICAV, and are referred to as "Authorised Participants". Other investors who are not Authorised Participants can purchase and sell Shares daily on a recognised stock exchange or over-the-counter. Index: Morningstar® US Small Cap Target Market Exposure ™ Index.
Distribution Policy:This Share Class will not pay dividends. For an explanation of some of the terms used in this document, please visit the glossary on our website at www.jpmorganassetmanagement.ie. The Sub-Fund may hold securities that are not constituents of the Index where such securities provide similar exposure by industry and company characteristics to the relevant Index Securities.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 25 Nov 2024 | 08 Apr 2025 | -25.70% | 05 Sept 2025 | 284 |
| 16 Aug 2022 | 26 Sept 2022 | -17.65% | 02 Feb 2023 | 170 |
| 31 Jul 2023 | 27 Oct 2023 | -16.52% | 14 Dec 2023 | 136 |
| 02 Feb 2023 | 17 Mar 2023 | -13.56% | 19 Jul 2023 | 167 |
| 26 Feb 2026 | 30 Mar 2026 | -9.39% | 14 Apr 2026 | 47 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.5 | 2.8 | -5.4 | 9.8 | 3.9 | 4.5 | -2.7 | 1.4 | 0.5 | 20.1 | |||
| 2025 | 3.9 | -4.8 | -6.6 | -2.1 | 5.9 | 4.8 | 2.0 | 5.2 | 1.4 | 0.8 | 1.6 | -0.2 | 11.4 |
| 2024 | -2.9 | 6.2 | 4.1 | -6.8 | 4.1 | -1.3 | 7.0 | -0.3 | 1.9 | -0.6 | 10.8 | -7.3 | 14.0 |
| 2023 | 10.4 | -2.0 | -3.7 | -1.5 | -1.8 | 8.7 | 5.1 | -4.0 | -5.8 | -6.2 | 9.4 | 10.8 | 18.4 |
| 2022 | -9.8 | 9.9 | 4.2 | -6.3 | -6.3 |
| Last year | Last 3 years | Full history | |
|---|---|---|---|
| Volatility (ann.) | 16.61% | 19.86% | 20.79% |
| Max drawdown | -7.28% | -28.78% | -28.78% |
| Sharpe | 1.30 | 0.61 | 0.42 |
| Sortino | 1.98 | 0.89 | 0.61 |
| Exchange | Ticker | Trading since |
|---|---|---|
| Borsa Italiana (ETFplus) | BBSC | 17 Aug 2022 |
| Börse Düsseldorf | JPSC | 17 Aug 2022 |
| Börse Frankfurt | JPSC | 17 Aug 2022 |
| Börse Hamburg | JPSC | 31 Oct 2022 |
| Börse Hannover | JPSC | 9 Dec 2024 |
| Börse München / gettex | JPSC | 17 Aug 2022 |
| Börse Stuttgart | JPSC | 25 Mar 2025 |
| Tradegate Exchange | JPSC | 3 Jan 2023 |
| Xetra (Deutsche Börse) | JPSC | 17 Aug 2022 |