Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC

$56.75

0.07%

Market Cap: $2.53B

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

73% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 11

33% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]

7% more capital invested

Capital invested by funds: $2.38B [Q1] → $2.55B (+$176M) [Q2]

0.84% more ownership

Funds ownership: 103.73% [Q1] → 104.57% (+0.84%) [Q2]

0% more funds holding

Funds holding: 41 [Q1] → 41 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 3

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Research analyst outlook

We haven’t received any recent analyst ratings for USMC.

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Financial journalist opinion

USMC: Why This Top Quality Mega-Cap ETF Disappoints

Principal U.S. Mega-Cap ETF provides concentrated, actively managed exposure to a select number of U.S. mega-caps. Fees are low at 0.12%, and the ETF has $2.35 billion in assets under management. Unlike market-cap-weighted alternatives like XLG, USMC assigns substantially different weights to its 42 holdings. Magnificent Seven exposure is 33% compared to 53% for XLG. The fund's prospectus indicates managers assign greater weight to stocks expected to be less volatile, but my analysis found little evidence this was the case. USMC's five-year beta is 1.03.

USMC: Why This Top Quality Mega-Cap ETF Disappoints

USMC: Active Large Caps That Perform Like Passive

Principal U.S. Mega-Cap ETF is an actively managed fund that primarily invests in U.S. mega-cap companies. The USMC ETF's active, rules-based framework provides durability and stability during market volatility. The fund's heavy concentration in the technology sector could pose a risk if the sector underperforms.

USMC: Active Large Caps That Perform Like Passive

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