ETF overview
USMC seeks long-term capital growth by targeting mega-caps in the US equity market. Mega-cap refers to a company with a market capitalization in the top 50th percentile of the S&P 500. To build the portfolio, the fund utilizes a proprietary, quantitative model. Companies in the S&P 500 with the largest market capitalizations are selected, with low-volatility stocks typically given greater weight in the portfolio. In constructing the model and managing the portfolio, the fund adviser uses insights from multiple sources, including internal research, industry reports, and third-party data. While the portfolio is rebalanced at least annually, the fund adviser has the discretion to make adjustments. Prior to September 30, 2020, the fund name was Principal U.S. Mega-Cap Multi-Factor Index ETF. On June 10, 2022, the fund ceased tracking the NASDAQ US Mega Cap Select Leaders Index and transitioned to an active management strategy.
Fund facts
- Expense ratio
- 0.12%
- Fund assets
- 5B USD (all share classes)
- Issuer
- Principal Funds
- Inception date
- Oct 11, 2017
- Number of holdings
- 26
Breakdown
Holdings (26)
| Name | Ticker | Weight |
|---|---|---|
| NVIDIA CORP COMMON STOCK USD.001 | NVDA | 7.78% |
| APPLE INC COMMON STOCK USD.00001 | AAPL | 7.42% |
| MICROSOFT CORP COMMON STOCK USD.00000625 | MSFT | 5.92% |
| ALPHABET INC CL A COMMON STOCK USD.001 | GOOGL | 5.44% |
| MASTERCARD INC A COMMON STOCK USD.0001 | MA | 4.95% |
| COSTCO WHOLESALE CORP COMMON STOCK USD.005 | COST | 4.82% |
| VISA INC CLASS A SHARES COMMON STOCK USD.0001 | V | 4.76% |
| JPMORGAN CHASE + CO COMMON STOCK USD1.0 | JPM | 4.16% |
| BROADCOM INC COMMON STOCK | AVGO | 4.10% |
| META PLATFORMS INC CLASS A COMMON STOCK USD.000006 | META | 4.10% |
| and 13 more | ||
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- Putnam Focused Large Cap Growth ETFPGRO · Overlap 60% · Expense ratio 0.50%
Overlap is the share of assets the two funds hold in common.
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.12%
- Fund assets
- 5B USD (all share classes)
- Issuer
- Principal Funds
- Inception date
- Oct 11, 2017
- Number of holdings
- 26
| Name | Ticker | Weight |
|---|---|---|
| NVIDIA CORP COMMON STOCK USD.001 | NVDA | 7.78% |
| APPLE INC COMMON STOCK USD.00001 | AAPL | 7.42% |
| MICROSOFT CORP COMMON STOCK USD.00000625 | MSFT | 5.92% |
| ALPHABET INC CL A COMMON STOCK USD.001 | GOOGL | 5.44% |
| MASTERCARD INC A COMMON STOCK USD.0001 | MA | 4.95% |
| COSTCO WHOLESALE CORP COMMON STOCK USD.005 | COST | 4.82% |
| VISA INC CLASS A SHARES COMMON STOCK USD.0001 | V | 4.76% |
| JPMORGAN CHASE + CO COMMON STOCK USD1.0 | JPM | 4.16% |
| BROADCOM INC COMMON STOCK | AVGO | 4.10% |
| META PLATFORMS INC CLASS A COMMON STOCK USD.000006 | META | 4.10% |
| and 13 more | ||
USMC seeks long-term capital growth by targeting mega-caps in the US equity market. Mega-cap refers to a company with a market capitalization in the top 50th percentile of the S&P 500. To build the portfolio, the fund utilizes a proprietary, quantitative model. Companies in the S&P 500 with the largest market capitalizations are selected, with low-volatility stocks typically given greater weight in the portfolio. In constructing the model and managing the portfolio, the fund adviser uses insights from multiple sources, including internal research, industry reports, and third-party data. While the portfolio is rebalanced at least annually, the fund adviser has the discretion to make adjustments. Prior to September 30, 2020, the fund name was Principal U.S. Mega-Cap Multi-Factor Index ETF. On June 10, 2022, the fund ceased tracking the NASDAQ US Mega Cap Select Leaders Index and transitioned to an active management strategy.
- iShares Top 20 U.S. Stocks ETFTOPT · Overlap 75% · Expense ratio 0.20%
- Amplify CWP Growth & Income ETFQDVO · Overlap 63% · Expense ratio 0.56%
- EA Bridgeway Blue Chip ETFBBLU · Overlap 63% · Expense ratio 0.15%
- Motley Fool 100 Index ETFTMFC · Overlap 63% · Expense ratio 0.50%
- iShares S&P 100 ETFOEF · Overlap 61% · Expense ratio 0.20%
- SGI Enhanced Market Leaders ETFLDRX · Overlap 61% · Expense ratio 0.50%
- Zacks Trust - Zacks Focus Growth ETFGROZ · Overlap 61% · Expense ratio 1.14%
- Putnam Focused Large Cap Growth ETFPGRO · Overlap 60% · Expense ratio 0.50%
Overlap is the share of assets the two funds hold in common.
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