Principal U.S. Small-Cap ETF
Actively managed U.S. stock ETF
As of its 2026 Q2 report, Principal U.S. Small-Cap ETF held 510 positions with $2.33B in net assets. Its ten largest holdings made up 11.3% of the fund. The PSC share class costs 0.38% a year. Over the 12 months to May 2026, PSC returned 29.5%, with dividends reinvested. In 2026 Q2 it added no new positions and exited 7.
The Fund seeks long-term growth of capital.
The fund uses a proprietary quantitative model to select small-capitalization U.S. equities from the Russell 2000 Index, screening for value characteristics, higher quality measured by profitability and balance sheet strength, and upward momentum in price and earnings. The model weights these three factors approximately equally and then favors securities with greater liquidity and lower volatility. Because security selection depends on the model's rankings and the fund rebalances at its discretion rather than mechanically tracking the index, performance may diverge from the Russell 2000.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Credo Technology Group Holding Ltd | 1.38% | $32.05M | 117.9K | $271.95 |
1.31% | $30.42M | 877.3K | $34.67 | |
SEZLSezzle Inc | 1.30% | $30.26M | 176.3K | $171.63 |
1.19% | $27.72M | 176.5K | $157.03 | |
1.17% | $27.26M | 32.5K | $839.36 | |
VICRVicor Corp | 1.05% | $24.44M | 64.3K | $379.78 |
AGXArgan Inc | 1.03% | $24.00M | 30.1K | $798.55 |
1.03% | $23.90M | 127.8K | $187.02 | |
0.92% | $21.47M | 198.2K | $108.35 | |
0.87% | $20.34M | 135.6K | $150.03 |
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.
The 200 largest of 510 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.70% |
| Cash & short-term | 0.40% |
By sector
- Industrials
- 19.0%
- Financials
- 16.8%
- Health Care
- 16.4%
- Information Technology
- 14.8%
- 10 other sectors
- 33.0%
- Industrials
- 19.0%
- Financials
- 16.8%
- Health Care
- 16.4%
- Information Technology
- 14.8%
- Consumer Discretionary
- 7.6%
- International
- 5.2%
- Real Estate
- 5.1%
- Energy
- 4.0%
- Materials
- 3.8%
- Communication Services
- 2.7%
- Utilities
- 2.5%
- Consumer Staples
- 1.6%
- Cash
- 0.4%
- Other
- 0.1%
How it has done
PSC share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.29%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
Principal U.S. Small-Cap ETF is an actively managed U.S. equity ETF. 37% of PSC’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 91% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Expense ratio, by class
- 0.38%· PSC 0.38%
- Portfolio turnover
- 80.30% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
0 new
7 exited
Understand how this fund fits with the rest.
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