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

38 bp

EXPENSES

$556.3 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorThe Principal Financial Group
CategoryUS
Asset classEquity
Websitelink...
Inception dateSep 21, 2016
Assets (mns)$556
Expense ratio38 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingTechnical
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
SUPER MICRO COMPUTER, INC. 1.0 %
COMFORT SYSTEMS USA INC 1.0 %
JACKSON FINANCIAL INCORPORATION CLASS A 0.8 %
BOOT BARN HOLDINGS INC 0.8 %
LANTHEUS HOLDINGS INC 0.8 %
E.L.F. BEAUTY, INC. 0.8 %
BEACON ROOFING SUPPLY INC 0.8 %
PERMIAN RESOURCES CORPORATION CLASS A 0.8 %
AXCELIS TECHNOLOGIES, INC. 0.7 %
BANCORPSOUTH BANK 0.7 %
Constituent Breakdown
Number of holdings506
Herfindahl-Hirschman Index 34
Wgt avg mkt cap (mns)$4,271
Large cap (>$10bn)4.3%
Mid cap ($2-10bn)73.2%
Small cap (<$2bn)22.5%
Developed mkts.99.9%
Emerging mkts.0.1%
Country Exposure
UNITED STATES 90.3 %
BERMUDA 1.4 %
BRAZIL 1.1 %
PUERTO RICO 0.7 %
SWITZERLAND 0.6 %
CAYMAN ISLANDS 0.6 %
MONACO 0.6 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 1.4% 10.7% 12.1% 1.0% 9.7% -- 9.7%
Volatility 16.3% 17.3% 20.2% 20.7% 27.1% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.9877%
MSCI EAFE0.9770%
MSCI Emg Mkts0.6835%
Liquidity Measures
Avg. volume (000)60
Turnover0.5%
Avg. Bid/Ask (% of price)0.18%
ADV of underlying (mns)$49,893
Technical Indicators
Recent close$49.57
30d moving avg.$48.00
Annualized volatility20.2%
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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Risk and Returns: PSC vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --%
1.4 13.7 2.1 5.0% --
Based on closing prices from 7/11/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

PSC

6.3%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.3%
Recommendation

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.

Category Overview
There are 899 funds in the US category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.5%. PSC's ALTAR Score™ is approximately 0.2 standard deviations above the category average. This places PSC in the 58th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
PSC
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
Update
Today's Trading

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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. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .