Principal U.S. Mega-Cap ETF
Principal Exchange-Traded Funds · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
Principal U.S. Mega-Cap ETF is an actively managed U.S. equity ETF. 15% of USMC’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 100% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Features
- Non-diversified
Fund profile
As filed in the prospectus · 2025 Q4
The Fund seeks long-term growth of capital.
The fund invests at least 80% of assets in equity securities of U.S. companies with the largest market capitalizations in the S&P 500 Index, selected and weighted using a proprietary quantitative model that emphasizes financial strength, cash flow, and pricing power. The fund is non-diversified and may invest a higher percentage of assets in individual issuers than a diversified fund, so changes in the value of a single investment could cause greater fluctuations in share price.
| Share class | Expense ratio |
|---|---|
| USMC | 0.12% |
Portfolio turnover 54.50% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.75% |
| Cash & short-term | 0.25% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 32.0% |
| Financials | 19.4% |
| Communication Services | 12.3% |
| Health Care | 9.1% |
| 5 smaller | 27.2% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| MU | Micron Technology IncMU | 8.75% | $1,154.29 | $305.56M | 264.7K |
| NVDA | NVIDIA CorpNVDA | 7.54% | $200.09 | $263.19M | 1.3M |
| AAPL | Apple IncAAPL | 6.63% | $289.36 | $231.47M | 799.9K |
| GOOGL | Alphabet IncGOOGL | 5.80% | $357.37 | $202.40M | 566.3K |
| AVGO | Broadcom IncAVGO | 4.77% | $377.75 | $166.67M | 441.2K |
| JPM | JPMorgan Chase & CoJPM | 4.40% | $327.33 | $153.68M | 469.5K |
| V | Visa IncV | 4.33% | $343.09 | $151.10M | 440.4K |
| MSFT | Microsoft CorpMSFT | 4.30% | $373.02 | $150.08M | 402.3K |
| MA | Mastercard IncMA | 4.01% | $513.60 | $140.02M | 272.6K |
| COST | Costco Wholesale CorpCOST | 3.74% | $935.47 | $130.47M | 139.5K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 54.26% of net assets, top 25 97.80%, across 27 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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