# BetaBuilders US Small Cap Equity UCITS ETF USD (BBDS)

**Page:** https://fundology.uk/fund/bbds · ISIN IE0001O84583

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, BBDS (BetaBuilders US Small Cap Equity UCITS ETF USD, ISIN IE0001O84583) closed at £29.13 on the London Stock Exchange. Its ongoing charge is 0.14% a year (about £14 on £10,000). Over the three years to 13/11/2026 its price changed by +56.5% (income paid out is not included), or +41.4% after UK CPIH inflation.

## Summary

BetaBuilders US Small Cap Equity UCITS ETF USD is an exchange-traded fund (ETF) from JPMorgan, launched in 2022. It tracks the Morningstar US Small Cap Target Market Exposure Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.14% a year — about £14 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

Latest close: **£29.13** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | BBDS |
| ISIN | IE0001O84583 |
| Also listed as | BBSD (London Stock Exchange, US dollars) |
| Category | Smaller companies |
| Type | ETF |
| Provider | JPMorgan |
| Tracks | Morningstar US Small Cap Target Market Exposure Index |
| Income | Distributing |
| Ongoing charge | 0.14% a year (£14 per £10,000) |
| Fund size | £197m |
| Launched | 2022 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 09/08/2022 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +17.36% | +13.20% | income reinvested |
| 3 years | +56.55% | +41.44% | price only |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of BetaBuilders US Small Cap Equity UCITS ETF USD in pounds (price only, income paid out not included): 2023 +12.1%, 2024 +15.3%, 2025 +1.6%; 2026 to 13/11/2026 +16.2%. Returns of BetaBuilders US Small Cap Equity UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +16.0%; to 30/09/2025: +10.5%; to 30/09/2024: +14.3%; to 30/09/2023: −0.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2023 | +12.1% | +7.6% | Price |
| 2024 | +15.3% | +11.4% | Price |
| 2025 | +1.6% | -1.9% | Price |
| 2026 to 13/11/2026 | +16.2% | +12.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 13.49% | -6.53% |
| 3 years | 16.59% | -25.74% |

## Largest fall

Volatility of BetaBuilders US Small Cap Equity UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 13.5% over 1 year, 16.6% over 3 years. Largest fall in the price of BetaBuilders US Small Cap Equity UCITS ETF USD since August 2022, in pounds: −25.7% from 29/11/2024 to 11/04/2025. The lowest 12-month return of BetaBuilders US Small Cap Equity UCITS ETF USD in pounds (price only, income paid out not included) since August 2022 was −12.5% (12 months to 11/04/2025); the highest was +39.8% (12 months to 17/04/2026). On 13/11/2026 the price of BetaBuilders US Small Cap Equity UCITS ETF USD was 3.9% below its highest weekly close since August 2022 (26/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of BetaBuilders US Small Cap Equity UCITS ETF USD 0.14% a year. Compared on 14/11/2026, 33 of the 36 other smaller-company funds charge more, 2 the same and 1 less (share classes counted once).

## Funds tracking the same index

2 funds track Morningstar US Small Cap Target Market Exposure Index, this one included and share classes counted once; their ongoing charges range from 0.14% to 0.14% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| BetaBuilders US Small Cap Equity UCITS ETF AccumUSD | 0.14% | +18.6% | — | — |
| BetaBuilders US Small Cap Equity UCITS ETF USD (this fund) | 0.14% | +17.4% | — | — |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.14%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 13/11/2026, BBDS holds 1,297 positions, according to its published holdings. The largest is Moderna at 1.13% of the fund; the ten largest make up 5.6%.

### Top holdings

Largest positions (as of 13/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Moderna | [MRNA](https://fundology.uk/stock/MRNA) | 1.13% |
| 2 | Cash and Cash Equivalent | — | 1.02% |
| 3 | Natera | [NTRA](https://fundology.uk/stock/NTRA) | 0.62% |
| 4 | Revolution Medicines | [RVMD](https://fundology.uk/stock/RVMD) | 0.50% |
| 5 | Okta | [OKTA](https://fundology.uk/stock/OKTA) | 0.44% |
| 6 | Williams-Sonoma | [WSM](https://fundology.uk/stock/WSM) | 0.43% |
| 7 | Caseys General Stores | [CASY](https://fundology.uk/stock/CASY) | 0.38% |
| 8 | Tapestry | [TPR](https://fundology.uk/stock/TPR) | 0.38% |
| 9 | TechnipFMC | [FTI](https://fundology.uk/stock/FTI) | 0.36% |
| 10 | Ati | [ATI](https://fundology.uk/stock/ATI) | 0.35% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 13/11/2026.

| Sector | Weight |
|---|---|
| Industrials | 19.5% |
| Health Care | 16.8% |
| Information Technology | 16.5% |
| Consumer Discretionary | 10.6% |
| Financials | 9.3% |
| Real Estate | 6.6% |
| Materials | 5.1% |
| Energy | 4.6% |
| Other sectors | 9.8% |

### By country

Added up from the fund’s published holdings, as of 13/11/2026.

| Country | Weight |
|---|---|
| United States | 95.0% |
| Bermuda | 1.8% |
| Ireland | 1.1% |
| United Kingdom | 0.6% |
| Cayman Islands | 0.2% |
| Jersey | 0.2% |
| Israel | 0.2% |
| Switzerland | 0.1% |
| Other countries | 0.2% |
| Not classified | 0.5% |

### By type of asset

Added up from the fund’s published holdings, as of 13/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.0% |
| Cash and money market | 1.0% |

The 1,279 holdings on record (of 1,297 reported): https://fundology.uk/fund/bbds/holdings

## Questions people ask

**What is the ongoing charge of BBDS?**

The ongoing charge of BBDS is 0.14% a year — about £14 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of BetaBuilders US Small Cap Equity UCITS ETF USD 0.14% a year. Compared on 14/11/2026, 33 of the 36 other smaller-company funds charge more, 2 the same and 1 less (share classes counted once).

**What does BBDS track?**

BBDS tracks the Morningstar US Small Cap Target Market Exposure Index.

**Is BBDS accumulating or distributing?**

BBDS is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.

**What is the ISIN of BBDS?**

The ISIN of BBDS is IE0001O84583. An ISIN identifies one exact share class of a fund; BBDS is its ticker on the London Stock Exchange. The same share class is also listed as BBSD (London Stock Exchange, US dollars).

**What does BBDS hold?**

As of 13/11/2026, BBDS holds 1,297 positions, according to its published holdings. The largest is Moderna at 1.13% of the fund; the ten largest make up 5.6%. Its ten largest holdings are Moderna (1.13%), Cash and Cash Equivalent (1.02%), Natera (0.62%), Revolution Medicines (0.50%), Okta (0.44%), Williams-Sonoma (0.43%), Caseys General Stores (0.38%), Tapestry (0.38%), TechnipFMC (0.36%) and Ati (0.35%).

**What were BBDS’s returns in each of the last five years?**

Calendar-year returns of BBDS in pounds (price only, income paid out not included): 2023 +12.1%, 2024 +15.3%, 2025 +1.6%; 2026 to 13/11/2026 +16.2%. Past performance is not a guide to future returns.

**How has BBDS done after inflation?**

Over the three years to 13/11/2026 BBDS’s price changed by +56.5% (income paid out is not included), or +41.4% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at J.P. Morgan Asset Management](https://am.jpmorgan.com/gb/en/asset-management/per/products/jpm-betabuilders-us-small-cap-equity-ucits-etf-usd-dist-ie0001o84583)
- [Key investor information document (KIID)](https://wl.fundsquare.net/serv/down-doc/request?cdClient=jpmorgan&isin=IE0001O84583&docTypeCode=KIID&docLang=EN&docCountry=GB)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.