USMC
Principal U.S. Mega-Cap ETF
The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq U.S. Mega Cap Select Leaders Index. The index uses a quantitative model designed to identify equity securities of companies with the largest market capitalizations in the Nasdaq US 500 Large Cap Index, with higher weights given to securities that are less volatile.
US
EQUITY
Active
MANAGEMENT STYLE
2.7 B
ASSETS UNDER MGMT
12 bp
EXPENSES
Fund Basics
| Fund sponsor | The Principal Financial Group |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 11, 2017 |
| Assets (mns) | $2,660 |
| Expense ratio | 12 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MICROSOFT CORP | 7.1 % |
| APPLE INC | 7.0 % |
| BERKSHIRE HATHAWAY INC-CL B | 5.2 % |
| EXXON MOBIL CORP | 4.9 % |
| PROCTER & GAMBLE CO/THE | 4.9 % |
| JPMORGAN CHASE & CO | 4.8 % |
| MASTERCARD INCORPORATED CLASS A | 4.8 % |
| VISA INC. CLASS A | 4.7 % |
| UNITEDHEALTH GROUP INC | 4.5 % |
| NETFLIX INC | 4.5 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 444 |
| Wgt avg mkt cap (mns) | $1,160,780 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 100.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 28.4% | 33.1% | 26.3% | 13.7% | 16.0% | -- | 14.9% | Volatility | 12.6% | 12.3% | 14.1% | 16.9% | 20.0% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 98% |
| MSCI EAFE | 0.81 | 67% |
| MSCI Emg Mkts | 0.61 | 37% |
Liquidity Measures
| Avg. volume (000) | 69 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $104,563 |
Technical Indicators
| Recent close | $59.91 |
| 30d moving avg. | $60.11 |
| Annualized volatility | 17.3% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 1.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. USMC |
Expenses vs. USMC |
ALTAR Score™ vs. USMC |
|---|---|---|---|---|
| TOPT | iShares Top 20 U.S. Stocks ETF | 64.7% | +8 bp | -0.2% |
| XLG | Invesco S&P 500 Top 50 ETF | 60.3% | +8 bp | +0.0% |
| BBLU | EA Bridgeway Blue Chip ETF EA Bridgeway Blue Chip ETF | 59.2% | +3 bp | +1.3% |
| DYNF | BlackRock U.S. Equity Factor Rotation ETF | 56.8% | +18 bp | +0.4% |
| OEF | iShares S&P 100 ETF | 55.4% | +8 bp | +0.4% |
| TMFC | Motley Fool 100 Index ETF | 54.5% | +38 bp | -0.8% |
| VSLU | Applied Finance Valuation Large Cap ETF | 52.6% | +37 bp | +1.2% |
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 51.7% | +17 bp | -0.1% |
| MGC | Vanguard Mega Cap ETF | 50.6% | -5 bp | +0.5% |
| IWL | iShares Russell Top 200 ETF | 50.0% | +3 bp | +0.4% |
Risk and Returns: USMC vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
USMC
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
USMC
4.4%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. USMC's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places USMC in the 32nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
USMCSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| USMC (12 bp) Percentile rank | 7 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| USMC | 12.0 | 8.6 | 20.6 |
| Peer Avg. | 66.5 | 47.6 | 114.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .