Principal U.S. Mega-Cap ETF

    Principal U.S. Mega-Cap ETF

    Highlights

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

    • Mega-caps have been a powerful source of return because they typically have: durable balance sheets, liquidity, 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.

    Fund details

    as of 05/17/2024 unless indicated otherwise
    Fund ticker
    USMC
    Benchmark
    S&P 500 Index
    NAV
    $52.02
    NAV change
    $0.01
    Premium/Discount to NAV
    0.04%
    Median bid ask spread
    as of 05/17/2024
    0.04%
    Price
    $52.04
    Price change
    $0.03
    Daily volume
    19,562
    Total fund assets
    $2.3B
    Shares outstanding
    45,080,001
    Dividend frequency
    Quarterly
    Inception date
    10/11/2017
    Morningstar category
    Large Blend
    Investment approach
    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.
    Premium / Discount to NAV
    as of 03/31/2024
    As of 03/31/2024
    Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024
    Days traded at premium 30 29 35 35 34
    Days traded at discount 32 33 28 27 27
    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.
    Disclosures
    Principal Funds are distributed by Principal Funds Distributor, Inc. ALPS Distributors, Inc. is the distributor of the Principal ETFs. ALPS Distributors, Inc. and the Principal Funds are not affiliated.
    Equity investments involve greater risk, including heightened volatility, than fixed-income
    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. Investor shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Ordinary brokerage commissions apply.
    The holdings listed do not constitute a recommendation to purchase or sell a particular security. Cash and/or derivative positions that are not part of the core investment strategy will not be reflected in the top holdings list.
    NOT FDIC INSURED - MAY LOSE VALUE - NO BANK GUARANTEE
    Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.
    Performance assumes reinvestment of all dividends and capital gains.
    Includes, but is not limited to, unsettled activity from creation/redemption transactions and portfolio security trades and accrued interest.
    To obtain a prospectus, download or call Customer Service at 1.800.222.5852. Carefully consider a fund’s objectives, risks, charges, and expenses. The prospectus, or summary prospectus if available, contains this and other information. Please read it carefully before investing.
    S&P 500 Equal Weighted USD Total Return Index
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