USMC
Principal U.S. Mega-Cap Multi-Factor Index ETF
The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq U.S. Mega Cap Select Leaders Index. The index uses a quantitative model designed to identify equity securities of companies with the largest market capitalizations in the Nasdaq US 500 Large Cap Index, with higher weights given to securities that are less volatile.
Fund Basics
| Fund sponsor | The Principal Financial Group |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 11, 2017 |
| Assets (mns) | $1,465 |
| Expense ratio | 12 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 7.0 % |
| MICROSOFT CORP | 6.4 % |
| ADOBE SYSTEMS INC | 4.1 % |
| ALPHABET INC. CLASS A | 3.7 % |
| ACCENTURE PLC-CL A | 3.4 % |
| COSTCO WHOLESALE CORP | 3.3 % |
| MASTERCARD INCORPORATED CLASS A | 3.2 % |
| NVIDIA CORP | 3.2 % |
| UNITEDHEALTH GROUP INC | 3.1 % |
| TESLA MOTORS INC | 3.1 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 307 |
| Wgt avg mkt cap (mns) | $801,335 |
| Large cap (>$10bn) | 96.6% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.0 % |
 |
IRELAND | 3.4 % |
 |
BRITAIN | 1.2 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 25.6% | 22.5% | 5.3% | 11.5% | 12.1% | -- | 12.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.93 | 95% |
| MSCI EAFE | 0.79 | 72% |
| MSCI Emg Mkts | 0.56 | 34% |
Liquidity Measures
| Avg. volume (000) | 33 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $82,926 |
Technical Indicators
| Recent close | $42.91 |
| 30d moving avg. | $44.17 |
| Annualized volatility | 17.1% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 1.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. USMC |
Expenses vs. USMC |
ALTAR Score™ vs. USMC |
|---|---|---|---|---|
| XLG | Invesco S&P 500 Top 50 ETF | 70.9% | +8 bp | -0.2% |
| BBLU | EA Bridgeway Blue Chip ETF | 64.5% | +3 bp | +0.9% |
| OEF | iShares S&P 100 ETF | 63.4% | +8 bp | +0.3% |
| BKLC | BNY Mellon US Large Cap Core Equity ETF | 55.4% | -12 bp | +0.4% |
| IWL | iShares Russell Top 200 ETF | 55.4% | +3 bp | +0.3% |
| SNPG | Xtrackers S&P 500 Growth ESG ETF | 55.2% | +3 bp | +0.1% |
| MGC | Vanguard Mega Cap Index Fund | 54.5% | -5 bp | +0.4% |
| IVW | iShares S&P 500 Growth ETF | 52.7% | +6 bp | +0.4% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 52.7% | -8 bp | +0.6% |
| VOOG | Vanguard S&P 500 Growth ETF | 52.7% | -2 bp | +0.5% |
Risk and Returns: USMC 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 9/28/2023
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
USMC
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
USMC
5.2%
Cat. Avg
6.4%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.2% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 898 funds in the US Equities category, with an average ALTAR Score™
of 6.4% and a standard deviation of
3.1%. USMC's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places USMC in the 35th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
USMC
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| USMC | 12.0 | 17.6 | 29.6 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .