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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Principal U.S. Mega-Cap ETF

USMC | Active ETF

$59.20

$2.28 B

1.07%

$0.63

0.15%

Vitals

YTD Return

27.7%

1 yr return

33.1%

3 Yr Avg Return

12.8%

5 Yr Avg Return

16.2%

Net Assets

$2.28 B

Holdings in Top 10

50.9%

52 WEEK LOW AND HIGH

$58.7
$44.96
$59.60

Expenses

OPERATING FEES

Expense Ratio 0.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 42.90%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Principal U.S. Mega-Cap ETF

USMC | Active ETF

$59.20

$2.28 B

1.07%

$0.63

0.15%

USMC - Profile

Distributions

  • YTD Total Return 27.7%
  • 3 Yr Annualized Total Return 12.8%
  • 5 Yr Annualized Total Return 16.2%
  • Capital Gain Distribution Frequency Quarterly
  • Net Income Ratio 1.67%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Other

Fund Details

  • Legal Name
    Principal U.S. Mega-Cap ETF
  • Fund Family Name
    Principal Funds
  • Inception Date
    Oct 11, 2017
  • Shares Outstanding
    37500001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffrey Schwarte

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of U.S. companies with very large ("mega") market capitalizations at the time of purchase. For this Fund, companies with mega capitalizations are those with market capitalizations in the top 50th percentile of the S&P 500 Index at the time of purchase. As of September 30, 2024, the market capitalization range of the companies in the S&P 500 Index was between approximately $4.0 billion and $3.5 trillion, and the market capitalization range of companies with mega capitalizations in the S&P 500 Index was between approximately $265.6 billion and $3.5 trillion.
For security selection and portfolio construction, Principal Global Investors, LLC ("PGI") uses a proprietary quantitative model. The model is designed to identify equity securities of companies in the S&P 500 Index that have the largest market capitalizations, while typically applying higher weight to securities that PGI expects to be less volatile, meaning the share price of the security has a lower degree of fluctuation over time. The Fund invests in equity securities of different styles (growth or value).
The Fund's holdings are expected to be rebalanced at least annually. However, PGI may make any adjustments to the model and Fund holdings at its discretion. In constructing and revising the model and managing the Fund’s investments, PGI uses insights from diverse sources, including internal investment research, industry reports, and data from third-party consultants and other service providers, to develop and refine its investment themes and identify and take advantage of trends that may impact the Fund and its holdings.
On or about November 18, 2024, add the following:
The Fund is considered non-diversified, which means it can invest a higher percentage of assets in securities of individual issuers than a diversified fund. As a result, changes in the value of a single investment could cause greater fluctuations in the Fund's share price than would occur in a more diversified fund.
Note: "Standard & Poor's 500" and "S&P 500®" are trademarks of Standard & Poor's Financial Services LLC and have been licensed by Principal. The Fund is not sponsored, endorsed, sold, or promoted by Standard & Poor's Financial Services LLC, and Standard & Poor's Financial Services LLC makes no representation regarding the advisability of investing in the Fund.
Read More

USMC - Performance

Return Ranking - Trailing

Period USMC Return Category Return Low Category Return High Rank in Category (%)
YTD 27.7% 3.5% 44.2% 6.06%
1 Yr 33.1% 6.0% 54.8% 13.76%
3 Yr 12.8%* -12.1% 15.9% 1.57%
5 Yr 16.2%* -8.1% 109.9% 8.25%
10 Yr N/A* -0.4% 52.4% 72.64%

* Annualized

Return Ranking - Calendar

Period USMC Return Category Return Low Category Return High Rank in Category (%)
2023 29.7% -42.6% 47.4% 2.04%
2022 -18.6% -56.3% -4.2% 21.33%
2021 24.2% -27.2% 537.8% 18.42%
2020 14.0% -22.5% 2181.7% 37.28%
2019 24.7% -13.5% 40.4% 42.01%

Total Return Ranking - Trailing

Period USMC Return Category Return Low Category Return High Rank in Category (%)
YTD 27.7% 3.5% 44.2% 6.06%
1 Yr 33.1% 6.0% 54.8% 13.76%
3 Yr 12.8%* -12.1% 15.9% 1.57%
5 Yr 16.2%* -8.1% 109.9% 8.25%
10 Yr N/A* -0.4% 52.4% N/A

* Annualized

Total Return Ranking - Calendar

Period USMC Return Category Return Low Category Return High Rank in Category (%)
2023 31.6% -5.0% 47.4% 4.56%
2022 -17.2% -36.8% -2.2% 40.69%
2021 26.3% 3.0% 537.8% 54.17%
2020 16.1% -15.8% 2266.0% 56.49%
2019 27.4% -0.4% 241.3% 74.95%

USMC - Holdings

Concentration Analysis

USMC Category Low Category High USMC % Rank
Net Assets 2.28 B 2.34 M 1.55 T 42.73%
Number of Holdings 26 2 3963 96.91%
Net Assets in Top 10 1.29 B 880 K 517 B 35.99%
Weighting of Top 10 50.93% 0.3% 112.9% 8.56%

Top 10 Holdings

  1. Apple, Inc. 6.96%
  2. Microsoft Corp. 6.63%
  3. Berkshire Hathaway, Inc. 5.12%
  4. Meta Platforms, Inc. 4.75%
  5. Netflix, Inc. 4.69%
  6. Mastercard, Inc. 4.68%
  7. Exxon Mobil Corp. 4.58%
  8. Visa, Inc. 4.53%
  9. Procter Gamble Co. 4.53%
  10. JPMorgan Chase Co. 4.46%

Asset Allocation

Weighting Return Low Return High USMC % Rank
Stocks 		99.72% 0.00% 105.85% 19.82%
Cash 		0.28% 0.00% 99.07% 74.82%
Preferred Stocks 		0.00% 0.00% 2.53% 35.58%
Other 		0.00% -13.91% 100.00% 53.05%
Convertible Bonds 		0.00% 0.00% 5.54% 32.36%
Bonds 		0.00% 0.00% 94.06% 37.86%

Stock Sector Breakdown

Weighting Return Low Return High USMC % Rank
Healthcare 		26.49% 0.00% 52.29% 0.58%
Technology 		22.47% 0.00% 48.94% 65.10%
Financial Services 		14.60% 0.00% 55.59% 33.17%
Consumer Defense 		14.23% 0.00% 47.71% 3.64%
Communication Services 		11.64% 0.00% 27.94% 10.84%
Energy 		5.77% 0.00% 41.64% 16.13%
Consumer Cyclical 		4.79% 0.00% 30.33% 93.55%
Utilities 		0.00% 0.00% 20.91% 89.50%
Real Estate 		0.00% 0.00% 31.91% 90.82%
Industrials 		0.00% 0.00% 29.90% 99.83%
Basic Materials 		0.00% 0.00% 25.70% 96.11%

Stock Geographic Breakdown

Weighting Return Low Return High USMC % Rank
US 		99.72% 0.00% 105.85% 16.49%
Non US 		0.00% 0.00% 64.54% 44.68%

USMC - Expenses

Operational Fees

USMC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.01% 19.75% 90.52%
Management Fee 0.15% 0.00% 1.90% 14.94%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

USMC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

USMC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

USMC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 42.90% 0.00% 268.00% 70.96%

USMC - Distributions

Dividend Yield Analysis

USMC Category Low Category High USMC % Rank
Dividend Yield 1.07% 0.00% 25.47% 51.55%

Dividend Distribution Analysis

USMC Category Low Category High Category Mod
Dividend Distribution Frequency Other Annual Quarterly Annual

Net Income Ratio Analysis

USMC Category Low Category High USMC % Rank
Net Income Ratio 1.67% -54.00% 2.44% 2.82%

Capital Gain Distribution Analysis

USMC Category Low Category High Capital Mode
Capital Gain Distribution Frequency Quarterly Annually Semi-Annually Annually

Distributions History

View More +

USMC - Fund Manager Analysis

Managers

Jeffrey Schwarte

Start Date

Tenure

Tenure Rank

Oct 11, 2017

4.64

4.6%

Jeff is a portfolio manager at Principal Global Equities. Jeff is an active member in the group’s research and development activities. He joined the equities group in 2000 as an analyst and named a portfolio manager in 2001. He has been with Principal since 1993. He received a bachelor's degree in accounting from the University of Northern Iowa. Jeff has earned the right to use the CFA designation. He is a Certified Internal Auditor and a Fellow of the Life Management Institute (FLMI). Jeff is a member of the CFA Society of Iowa and the CFA Institute.

Aaron Siebel

Start Date

Tenure

Tenure Rank

Mar 03, 2020

2.24

2.2%

Aaron J. Siebel has been with Principal® since 2005. He earned a BA in Finance from the University of Iowa in 2005.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.24 2.42

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