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Principal U.S. Mega-Cap (USMC) ETF Holdings & Analysis
ETFOther
What USMC does
USMC seeks long-term capital growth by targeting mega-caps in the US equity market. Mega-cap refers to a company with a market capitalization in the top 50th percentile of the S&P 500. To build the portfolio, the fund utilizes a proprietary, quantitative model. Companies in the S&P 500 with the largest market capitalizations are selected, with low-volatility stocks typically given greater weight in the portfolio. In constructing the model and managing the portfolio, the fund adviser uses insights from multiple sources, including internal research, industry reports, and third-party data. While the portfolio is rebalanced at least annually, the fund adviser has the discretion to make adjustments. Prior to September 30, 2020, the fund name was Principal U.S. Mega-Cap Multi-Factor Index ETF. On June 10, 2022, the fund ceased tracking the NASDAQ US Mega Cap Select Leaders Index and transitioned to an active management strategy.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| NVIDIA CORP COMMON STOCK USD.001 | 8.09% | |
| MICRON TECHNOLOGY INC COMMON STOCK USD.1 | 7.07% | |
| APPLE INC COMMON STOCK USD.00001 | 7.07% | |
| MICROSOFT CORP COMMON STOCK USD.00000625 | 5.69% | |
| ALPHABET INC CL A COMMON STOCK USD.001 | 5.35% | |
| VISA INC CLASS A SHARES COMMON STOCK USD.0001 | 4.66% | |
| JPMORGAN CHASE + CO COMMON STOCK USD1.0 | 4.66% | |
| BROADCOM INC COMMON STOCK | 4.55% | |
| MASTERCARD INC A COMMON STOCK USD.0001 | 4.48% | |
| AMAZON.COM INC COMMON STOCK USD.01 | 3.81% |
Sector allocation
| Communication Services | 11.91% |
| Consumer Cyclical | 7.24% |
| Consumer Defensive | 8.48% |
| Energy | 4.59% |
| Financial Services | 21.00% |
| Healthcare | 9.18% |
| Industrials | 5.69% |
| Technology | 31.91% |
Geographic allocation
| United States | 99.85% |
| Other | 0.15% |
PortView Portfolio Insights
PortView analyzes how USMC fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
Analyze USMC in PortView →Related securities
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Frequently asked questions
- What does USMC track?
- USMC is the Principal U.S. Mega-Cap ETF, a Other ETF.
- What is the expense ratio of USMC?
- Expense ratio data for USMC is shown on the page when available from our data provider.
- What are the largest holdings in USMC?
- Top holdings include NVDA, MU, AAPL, MSFT, GOOGL.
- How can PortView analyze USMC overlap with other ETFs?
- PortView computes the holdings overlap between USMC and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.