ATLASPrincipal U.S. Mega-Cap ETF (USMC): outlook, holdings and fees
Principal U.S. Mega-Cap ETF (USMC) is an exchange-traded fund and is managed by Principal Funds. The expense ratio is 0.11% and the yield is 0.74%. The ten largest holdings are 53% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on USMC
| Last price | $75.58 (+0.6%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $74.07 – $77.89 |
| Normal 1-day range (±1σ) | ±0.9% |
| Distribution yield | 0.74% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
USMC fund facts
| Issuer | Principal Funds |
|---|---|
| Theme | US large caps |
| Assets under management | $5.2B |
| Expense ratio | 0.11% |
| Number of holdings | 25 |
| Portfolio turnover | 28% |
| Inception | Oct 11, 2017 |
| Exchange | NASDAQ |
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of U.S. companies with very large (mega) market capitalizations at the time of purchase. For this fund, companies with mega capitalizations are those with market capitalizations in the top 50th percentile of the S&P 500 Index at the time of purchase. The fund is non-diversified.
USMC top holdings
| Holding | Sector | Weight |
|---|---|---|
| NVIDIA Corporation NVDA | Technology | 7.83% |
| Apple Inc. AAPL | Technology | 6.94% |
| Microsoft Corporation MSFT | Technology | 5.94% |
| Alphabet Inc Class A GOOGL | Communication Services | 5.23% |
| Mastercard Inc MA | Financial Services | 4.67% |
| Costco Wholesale Corp COST | Consumer Defensive | 4.59% |
| Visa Inc. Class A V | Financial Services | 4.43% |
| Micron Technology Inc MU | Technology | 4.44% |
| Lam Research Corp LRCX | Technology | 4.20% |
| Broadcom Inc AVGO | Technology | 4.33% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
USMC sector breakdown
| Sector | Weight |
|---|---|
| Technology | 43.8% |
| Financial Services | 19.4% |
| Communication Services | 9.4% |
| Healthcare | 8.8% |
| Consumer Defensive | 6.9% |
| Consumer Cyclicals | 6.6% |
| Energy | 5.1% |
By region: North America 100.0%.
USMC returns and risk
| Year to date | +15.0% |
|---|---|
| 1 year | +15.5% |
| 3 years (annualised) | +22.4% |
| 5 years (annualised) | +15.8% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 11.7% |
| Sharpe ratio (3 years) | 1.39 |
Past returns do not guarantee future results.
USMC: frequently asked questions
What does USMC invest in?
Principal U.S. Mega-Cap ETF invests in a portfolio of securities. Its largest holdings are NVIDIA Corporation (7.8%), Apple Inc. (6.9%), Microsoft Corporation (5.9%), Alphabet Inc Class A (5.2%), Mastercard Inc (4.7%).
What is the USMC expense ratio?
0.11% a year: about $11.00 for every $10,000 invested.
What is the USMC dividend yield?
0.74%. ATLAS does not hold the exact distribution dates for ETFs.
Will USMC go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $74.07 to $77.89 from $75.58 today. It is a probability, not a prediction.
How has USMC performed?
Year to date +15.0%, one year +15.5%, three years +22.4% a year, five years +15.8% a year. Past returns do not guarantee future results.
Similar ETFs: US large caps
- Vanguard Total Stock Market ETF (VTI)
- Schwab U.S. Dividend Equity ETF (SCHD)
- iShares Core S&P Total U.S. Stock Market ETF (ITOT)
- Schwab U.S. Large-Cap ETF (SCHX)
- Schwab U.S. Large-Cap Growth ETF (SCHG)
- Vanguard Morningstar Large-Cap ETF (VV)
- Dimensional U.S. Core Equity 2 ETF (DFAC)
- iShares MSCI USA Quality Factor ETF (QUAL)
Educational information, not investment advice. Disclaimer