Key stats
About Principal U.S. Mega-Cap ETF
Home page
Inception date
Oct 12, 2017
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Principal Global Investors LLC
Distributor
ALPS Distributors, Inc.
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Finance
Electronic Technology
Retail Trade
Stocks99.80%
Technology Services27.64%
Finance24.70%
Electronic Technology15.55%
Retail Trade12.22%
Health Technology7.18%
Consumer Non-Durables3.58%
Energy Minerals3.46%
Consumer Durables3.37%
Health Services2.09%
Bonds, Cash & Other0.20%
Mutual fund0.20%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
USMC invests in stocks. The fund's major sectors are Technology Services, with 27.64% stocks, and Finance, with 24.70% of the basket. The assets are mostly located in the North America region.
USMC top holdings are Microsoft Corporation and NVIDIA Corporation, occupying 6.91% and 6.64% of the portfolio correspondingly.
USMC last dividends amounted to 0.13 USD. The quarter before, the issuer paid 0.15 USD in dividends, which shows a 13.49% decrease.
USMC assets under management is 2.87 B USD. It's risen 16.08% over the last month.
USMC fund flows account for 159.80 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, USMC pays dividends to its holders with the dividend yield of 1.01%. The last dividend (Apr 3, 2025) amounted to 0.13 USD. The dividends are paid quarterly.
USMC shares are issued by Principal Financial Group, Inc. under the brand Principal. The ETF was launched on Oct 12, 2017, and its management style is Active.
USMC expense ratio is 0.12% meaning you'd have to pay 0.12% of your investment to help manage the fund.
USMC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
USMC invests in stocks.
USMC price has risen by 11.74% over the last month, and its yearly performance shows a 13.46% increase. See more dynamics on USMC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 9.93% over the last month, showed a −3.13% decrease in three-month performance and has increased by 14.74% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 9.93% over the last month, showed a −3.13% decrease in three-month performance and has increased by 14.74% in a year.
USMC trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.