USMC Principal U.S. Mega-Cap Multi-Factor Index ETF
Seeks to track, before fees and expenses, the Nasdaq U.S. Mega Cap Select Leaders Index. To be included in the Index, a security must be a component of the Nasdaq US 500 Large Cap Index and be in the top 50th percentile of the Nasdaq US 500 Large Cap Index by aggregate company market cap. Additional proprietary eligibility criteria are applied. The Index employs a modified equal-dollar weighting methodology: 1) Securities in the top 10% of aggregate market cap maintain aggregate market cap weight. 2) Securities not in top 10% of aggregate market cap: Volatility adjusted such that components in the top two deciles by volatility (lowest volatility) receive 1% higher weight than equal weighted, bottom two deciles (highest volatility) receive 1% lower weight than equal weighted and middle 60% receive equal weights.
$37.74 +0.80 (2.17%)
As of 03/14/2023 16:00:00 EST IEX book CBOE book
ETF Information
Sponsor: Principal Funds
Category1: US Equity
Category2: Broad market
Category3: Large cap
Morningstar category: Large Blend
Leverage factor: 1.00
Inception date: 10/11/2017
Index tracking method: Passive replication
Current yield: 1.71%
Historical average yield: 1.77%
Market cap: $1,119,476,638
Average volume: 34,510
Fees: 0.1200%
Index Information
Nasdaq U.S. Mega Cap Select Leaders Index
Index symbol: NQMGUSL
Provider: NASDAQ OMX
Total return index symbol: NQMGUSLT
Index weighting: Other
Index inception date: 06/26/2017
Backtesting data exists: Yes
Number of holdings: 53 (as of 09/27/2017)
Strategy: Multi-factor investing
Factors used to select securities: