Principal

USMC

Principal U.S. Mega-Cap ETF


The investment seeks long-term growth of capital. 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.

Cost-effective exposure to high-quality mega-cap companies

Mega-caps have been a powerful source of return because they typically have liquidity, durable balance sheets, and strong brands.


High quality profile provides an element of durability and stability during volatile markets.


Active, rules-based framework helps ensure a consistent approach is implemented through different market cycles.

Active, rules-based framework

Principal U.S. Mega-Cap Multi-Factor Index ETF Index Methodology

Daily as of 10/4/2022 unless otherwise stated


Benchmark

S&P 500 Index


Net Asset Value (NAV)

$35.43

Price

$35.42


Net Assets

$1,045,311,872.12

Median Bid-Ask Spread as of 10/4/2022

0.11%


NAV Per Share Ticker

USMC.NV

Daily Volume

26289


Intraday NAV Ticker

USMC.IV

Shares Outstanding

29,500,001


Shares Outstanding Ticker

USMC.SO

30 Day SEC Yield as of 9/30/2022

1.56%


Estimated Cash Ticker

USMC.EU

30 Day SEC Yield (Unsubsidized) as of 9/30/2022

1.53%


Total Cash Ticker

USMC.TC


Investment Manager or Sub-advisor

Principal Global Investors, LLC

Portfolio Managers

Aaron Siebel since 3/3/2020

Jeffrey Schwarte since 10/11/2017

  • Monthlyas of 9/30/2022
  • Monthlyas of 9/30/2022
  • Quarterlyas of 9/30/2022
  • Calendar Yearas of 2021
Average Annual Total Returns 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception*
Net Asset Value (NAV) Return -9.52 -7.23 -23.06 -14.61 6.72 N/A N/A 8.17
Market Price Return -9.59 -7.32 -23.30 -14.83 6.62 N/A N/A 8.14
S&P 500 Index -9.21 -4.88 -23.87 -15.47 8.15 9.23 N/A 8.97
Morningstar Category
Large Blend
-8.71 -4.99 -23.28 -15.83 6.77 7.74 10.38 N/A
# of Funds in Category 1437 1425 1387 1366 1237 1118 820 123
Morningstar Percentile Rankings N/A N/A N/A 33 62 N/A N/A N/A
Average Annual Total Returns 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception*
Net Asset Value (NAV) Return -9.52 -7.23 -23.06 -14.61 6.72 N/A N/A 8.17
Market Price Return -9.59 -7.32 -23.30 -14.83 6.62 N/A N/A 8.14
S&P 500 Index -9.21 -4.88 -23.87 -15.47 8.15 9.23 N/A 8.97
Calendar Year Total Returns 2021 2020 2019 2018 2017
Net Asset Value (NAV) Return 26.23 16.03 27.43 -1.78 N/A
Market Price Return 26.43 15.96 27.25 -1.73 N/A
S&P 500 Index 28.71 18.40 31.49 -4.38 N/A
Morningstar Category
Large Blend
26.07 15.83 28.78 -6.27 N/A

*Inception date: 10/11/2017

Some data is provided by Morningstar and is the most current information available. As of 10/4/2022

 

Morningstar percentile rankings are based on total returns. 


Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.

Ex-Date Type $ Per Share
Ex-Date10/3/2022 TypeIncome $ Per Share0.158771
Ex-Date7/1/2022 TypeIncome $ Per Share0.177749
Ex-Date4/1/2022 TypeIncome $ Per Share0.167218
Ex-Date12/29/2021 TypeIncome $ Per Share0.198674
Ex-Date10/1/2021 TypeIncome $ Per Share0.163384
Ex-Date7/1/2021 TypeIncome $ Per Share0.171034
Ex-Date4/1/2021 TypeIncome $ Per Share0.146707
Ex-Date12/29/2020 TypeIncome $ Per Share0.129607
Ex-Date10/1/2020 TypeIncome $ Per Share0.139272
Ex-Date7/1/2020 TypeIncome $ Per Share0.138597
Ex-Date4/1/2020 TypeIncome $ Per Share0.146815
Ex-Date12/27/2019 TypeIncome $ Per Share0.159114

Dividends are paid quarterly.


Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022
Days Traded At Premium Q1 202131 Q2 202137 Q3 202132 Q4 202139 Q1 202224 Q2 202228 Q3 202231
Days Traded At Discount Q1 202130 Q2 202126 Q3 202132 Q4 202125 Q1 202238 Q2 202234 Q3 202233

Inception: 10/11/2017

This information shows differences between the per share net asset value (NAV) of the Fund and the market price of shares. For premiums and discounts reflected for dates prior to 11/02/2020, the market price utilized is the midpoint of the highest bid and lowest offer for Fund shares as of close of trading on the exchange where Fund shares are listed. For premiums and discounts reflected for dates beginning on 11/02/2020, the market price utilized is the official closing price of the Fund shares, or if it more accurately reflects the market value of the Fund shares at the time as of which the Fund share’s NAV is calculated, the price that is the midpoint between the national best bid and national best offer as of that time. Timing discrepancies may exist between NAV and closing price. Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices.


as of 9/30/2022
3 Year 5 Year
Alpha
-0.94
--
Beta
0.94
--
Information Ratio
-0.44
--
Mean
--
--
R-Squared
0.98
--
Sharpe Ratio
0.33
--
Standard Deviation
18.96
--
Tracking Error
3.21
--


Inception Date: 10/11/2017



Risk and return statistical data is calculated by Principal Global Investors.

Fund Information

as of 10/4/2022
Average Market Cap (mil): $353,235.75
Price/Earnings Ratio: 15.60
Price/Book Ratio: 3.16
Price/Cash Flow Ratio: 10.57
# Stock Holdings: 42
# Bond Holdings: 0
# Other Holdings: 1
# Total Holdings: 43
as of 10/4/2022
Investment Style
Large
Medium
Small
Interest-Rate Sensitivity
High
Medium
Low

as of 10/5/2022
Top 10 Holdings Total Market Value % of Net Assets
Top 10 HoldingsAPPLE INC COMMON STOCK USD.00001 Total Market Value76,218,470.70 % of Net Assets7.29%
Top 10 HoldingsMICROSOFT CORP COMMON STOCK USD.00000625 Total Market Value62,767,784.88 % of Net Assets6.00%
Top 10 HoldingsDANAHER CORP COMMON STOCK USD.01 Total Market Value39,006,446.15 % of Net Assets3.73%
Top 10 HoldingsALPHABET INC CL A COMMON STOCK USD.001 Total Market Value33,095,406.96 % of Net Assets3.17%
Top 10 HoldingsVISA INC CLASS A SHARES COMMON STOCK USD.0001 Total Market Value32,601,068.25 % of Net Assets3.12%
Top 10 HoldingsJPMORGAN CHASE + CO COMMON STOCK USD1.0 Total Market Value32,066,589.46 % of Net Assets3.07%
Top 10 HoldingsMASTERCARD INC A COMMON STOCK USD.0001 Total Market Value31,440,838.47 % of Net Assets3.01%
Top 10 HoldingsPFIZER INC COMMON STOCK USD.05 Total Market Value31,207,718.88 % of Net Assets2.99%
Top 10 HoldingsUNITEDHEALTH GROUP INC COMMON STOCK USD.01 Total Market Value27,509,848.11 % of Net Assets2.63%
Top 10 HoldingsMETA PLATFORMS INC CLASS A COMMON STOCK USD.000006 Total Market Value27,457,986.36 % of Net Assets2.63%

Includes, but is not limited to, unsettled activity from creation/redemption transactions and portfolio security trades and accrued interest. Values may exceed 100% if both long and short positions are included in the portfolio.

as of 10/04/2022
Asset Type Net Short Long
Asset TypeU.S. Bonds Net0.00% Short0.00% Long0.00%
Asset TypeNon-U.S. Bonds Net0.00% Short0.00% Long0.00%
Asset TypeU.S. Stocks Net97.62% Short0.00% Long97.62%
Asset TypeNon-U.S. Stocks Net2.10% Short0.00% Long2.10%
Asset TypePreferred Net0.00% Short0.00% Long0.00%
Asset TypeOther Net0.00% Short0.00% Long0.00%
Asset TypeCash Net0.28% Short0.00% Long0.28%
Asset TypeConvertibles Net0.00% Short0.00% Long0.00%
Total: 100.00%
as of 10/4/2022
Stock Sector Breakdown (% of Stocks)
% of stocks
Cyclical
24.57%
Basic Materials 2.11%
Consumer Cyclical 7.56%
Financial Services 14.90%
Real Estate 0.00%


Defensive
32.02%
Consumer Defensive 9.65%
Healthcare 22.37%
Utilities 0.00%


Sensitive
43.41%
Communication Services 9.83%
Energy 4.53%
Industrials 0.00%
Technology 29.05%


Disclosures

Effective June 10, 2022, the benchmark changed from the Nasdaq US Mega Cap Select Leaders Index to the S&P 500 Index.

Holding, portfolio and sector allocations are subject to change.

Returns shown for periods of less than one year are not annualized.

Investor shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Ordinary brokerage commissions apply.

Prior to 11/02/2020, the market price used to disclose the daily price and calculate daily premiums and discounts was the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. Beginning on 11/02/2020, the market price used to disclose the daily price and calculate daily premiums and discounts is the official closing price of the Fund, or if it more accurately reflects the market value of the Fund share at the time as of which the Fund’s NAV is calculated, the price that is the midpoint between the national best bid and national best offer as of that time. For the purpose of calculating Market Price Return, a market price prior to 02/01/2021 is defined as the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated while a market price on or after 02/01/2021 is defined as the official close price as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Where gross and net expense ratios differ, the investment adviser has contractually agreed to limit the investment option's expenses. Differences also may be due to the investment adviser's decision to waive (through the same dates) certain expenses that would normally be payable by the fund. The net expense figure reflects the impact of any limits or waivers. Returns displayed are based on net total investment expense.

Performance data quoted represents past performance. Past performance is no guarantee of future results and investment returns, and principal value of the Fund will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted.

Investors should carefully consider a fund’s investment objectives, risks, charges, and expenses prior to investing.

© 2022 Morningstar, Inc. All Rights Reserved. Part of the data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The Morningstar Style Box is a nine-square grid that provides a graphical representation of the "investment style" of a fund. The Equity style box classifies securities by size along the vertical axis and by value and growth characteristics along the horizontal axis. The model for the fixed-income style box is based on the two pillars of fixed-income performance: interest-rate sensitivity and credit quality. The three interest sensitivity groups are limited, moderate and extensive and the three credit quality groups are high, medium and low. These groupings display a portfolio’s effective duration and third party credit ratings to provide an overall representation of the fund’s risk orientation given the sensitivity to interest rate and credit rating of bonds in the portfolio.

The Morningstar RatingTM for funds, or "star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Morningstar ratings do not reflect the inclusion of sales charges. If sales charges were reflected, ratings could be lower.

Index

S&P 500 Index is a market-capitalization-weighted index of 500 widely held stocks often used as a proxy for the stock market.

Investors cannot invest directly in an index.

Risks

Asset allocation and diversification do not ensure a profit or protect against a loss. Investing in ETFs involves risk, including possible loss of principal. ETFs are subject to risk similar to those of stocks, including those regarding short-selling and margin account maintenance.

Equity investments involve greater risk, including higher volatility, than fixed-income investment options.

Footnote

Effective September 30, 2020, the Principal U.S. Mega-Cap Multi-Factor Index ETF renamed to the Principal U.S. Mega-Cap ETF.