PSC
Principal U.S. Small-Cap ETF
The Principal U.S. Small Cap Index ETF invests in small-capitalization companies within the U.S. that exhibit high shareholder yield, high pricing power, and momentum.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
659.0 M
ASSETS UNDER MGMT
38 bp
EXPENSES
Fund Basics
| Fund sponsor | The Principal Financial Group |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 21, 2016 |
| Assets (mns) | $659 |
| Expense ratio | 38 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Technical |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| LANTHEUS HOLDINGS INC | 1.1 % |
| JACKSON FINANCIAL INCORPORATION CLASS A | 1.0 % |
| COMFORT SYSTEMS USA INC | 0.9 % |
| BANCORPSOUTH BANK | 0.8 % |
| BOOT BARN HOLDINGS INC | 0.8 % |
| SUPER MICRO COMPUTER, INC. | 0.8 % |
| BEACON ROOFING SUPPLY INC | 0.8 % |
| PERMIAN RESOURCES CORPORATION CLASS A | 0.7 % |
| E.L.F. BEAUTY, INC. | 0.7 % |
| HALOZYME THERAPEUTICS INC | 0.7 % |
Constituent Breakdown
| Number of holdings | 501 |
| Herfindahl-Hirschman Index | 36 |
| Wgt avg mkt cap (mns) | $4,417 |
| Large cap (>$10bn) | 5.5% |
| Mid cap ($2-10bn) | 75.4% |
| Small cap (<$2bn) | 19.1% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 93.7 % |
 |
BERMUDA | 1.3 % |
 |
BRAZIL | 1.1 % |
 |
PUERTO RICO | 0.8 % |
 |
SWITZERLAND | 0.6 % |
 |
IRELAND | 0.5 % |
 |
MONACO | 0.5 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.7% | 23.8% | 18.3% | 4.7% | 11.8% | -- | 10.4% | Volatility | 16.3% | 17.3% | 20.2% | 20.7% | 27.1% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 73% |
| MSCI EAFE | 0.97 | 67% |
| MSCI Emg Mkts | 0.69 | 32% |
Liquidity Measures
| Avg. volume (000) | 38 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $16,151 |
Technical Indicators
| Recent close | $51.89 |
| 30d moving avg. | $50.36 |
| Annualized volatility | 20.9% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 8.3% |
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. PSC |
Expenses vs. PSC |
ALTAR Score™ vs. PSC |
|---|---|---|---|---|
| GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 44.2% | -18 bp | -1.3% |
| OMFS | Invesco Russell 2000 Dynamic Multifactor ETF | 43.9% | +1 bp | +0.0% |
| JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 42.0% | -9 bp | +0.6% |
| FLQS | Franklin U.S. Small Cap Multifactor Index ETF | 39.9% | -3 bp | +0.8% |
| RSSL | Global X Russell 2000 ETF | 38.8% | -30 bp | -3.3% |
| VTWO | Vanguard Russell 2000 ETF | 38.7% | -28 bp | -3.0% |
| IWM | iShares Russell 2000 ETF | 38.6% | -19 bp | -3.2% |
| VTWG | Vanguard Russell 2000 Growth ETF | 38.5% | -23 bp | -5.3% |
| IWO | iShares Russell 2000 Growth ETF | 38.2% | -14 bp | -5.5% |
| CSA | VictoryShares US Small Cap Volatility Wtd ETF | 37.1% | -3 bp | +0.5% |
Risk and Returns: PSC 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 10/21/2024
Peer Group Comparison Sample data. Subscribe for access.
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
PSC
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
PSC
6.1%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. PSC's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places PSC in the 59th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PSCSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| PSC (38 bp) Percentile rank | 40 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PSC | 38.0 | 18.1 | 56.1 |
| Peer Avg. | 29.6 | 13.9 | 43.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .