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Launched

Principal Capital Appreciation Select ETF

LCAPCboePrincipalB

$32.96−0.15 (−0.45%)

As of Nov 10, 2026, 11:15 AM ET

B68/ 100

Rank 26 of 125 in US Active Equity

B68/100Rank 26 of 125inUS Active Equity
Intraday session: down, 22 prints from 33.11 to 32.96. Range 32.90 to 33.01. Use the arrow keys to read each point.32.9033.0033.0510 AM12 PM2 PM4 PM
Expense ratio
0.29%
Fund size
$1.8B
1Y total return
+12.6%
Yield · Last 12 months
No data
Holdings
58
Avg volume · 30D
40.8K sh
52W range
low $28.15high $34.76
Launched

The ETF.net LCAP Grade

Based on 5 of 6 pillars

B

Score 68 out of 100

Category
US Active Equity⁠
Rank
26 of 125
Six-pillar profile for LCAP. Scores out of 100: Cost 84, Risk 55, Mission not scored, Tradability 54, Holdings 58, Durability 73. Strongest: Cost (84). Weakest: Tradability (54). Based on 5 of 6 pillars.

Score 68 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A84 out of 100
    Rank 20 of 125

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B55 out of 100
    Rank 56 of 125

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C54 out of 100
    Rank 49 of 125

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B58 out of 100
    Rank 60 of 123

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A73 out of 100
    Rank 30 of 125

Our read on LCAP

ETF.net Research

In short

BA concentrated active large-cap fund from Principal that runs about 50 US stocks for long-term capital growth, and charges well under half what the typical active US equity ETF does.

Stated mandate

The Fund seeks long-term growth of capital.

Why people hold it

  • 0.29% expense ratio, versus a 0.65% median for active US equity ETFs. Cheap enough to sit near index-style factor funds like DYNF while still running a real stock-picking mandate.
  • About 50 holdings, so each pick carries weight. This is a high-conviction book, not a closet index dressed up as active management.
  • Plain mandate, plainly stated: long-term growth of capital from US equities, in a standard 1940 Act ETF wrapper. No derivatives overlay, no leverage, no options income machinery.
  • Sits in the top quartile of a 234-fund active US equity group on our review, with cost doing much of the heavy lifting.

Worth knowing

  • Launched in 2025, so there is no long record to judge the manager's stock picking through a full market cycle. Short history means thinner evidence, both ways.
  • Thinly traded and modest in size. Use limit orders and expect wider spreads than you would see on the big Dimensional and Fidelity active funds in this category.
  • Roughly 50 names means concentration risk cuts both ways: a handful of positions can drive results in either direction, and it will wander from the broad market.

LCAP Performance

Launched Mar 25, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
LCAP$11,259
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. LCAP $11,259. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for LCAP. Periods over one year show the average yearly return.
PeriodLCAP
Year to date+12.1%
1 month−3.8%
3 months−2.7%
1 year+12.6%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for LCAP
YearReturn barLCAP
2026 YTD+12.1%
2025+13.3%

History from May 19, 2025

LCAP in the news

LCAP Dividends

Last payment
$0.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 29, 2025 $0.03. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 29, 2025Dec 31, 2025$0.03

$10,000 in LCAP 1 year ago paid $10.39 in dividends.

LCAP Risk

Risk pillarB55 out of 100Rank 56 of 125 in US Active Equity
How much the fund’s monthly returns vary, scaled to a year.
10.8%
Annualised · 17 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.34
vs 3-month T-bills · 17 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−9.3%
17 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.89
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

LCAP Cost

Compare LCAP and TACU

Overpaying vs TACU, cheapest in US Active Equity

$5,952

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • LCAP 0.29%

    $5,952

  • TACU 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • LCAP 0.29%
  • TACU 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530LCAP $5,952TACU $0

Year by year

YearLCAPTACUOverpaying
10$527$0$527
20$2,044$0$2,044
30$5,952$0$5,952

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