Principal Capital Appreciation Select ETF
$34.48+0.04 (+0.12%)
- 0.29%
- $1.9B
- +20.6%
- 0M sh
- $34.43
- low $28.15high $34.76
The ETF.net LCAP Grade
A
Score 71 out of 100
- 16 of 127
Score 71 of 100 falls in the A 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.A87 out of 100Rank 17 of 127Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B56 out of 100Rank 54 of 126Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B65 out of 100Rank 37 of 127Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B61 out of 100Rank 59 of 124Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A73 out of 100Rank 30 of 127
Our read on LCAP
AA 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.
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 Holdings
- Stocks
- 56
- 44%
- NVDA
Geography
- United States95.43%
- Switzerland2.41%
- Taiwan1.14%
- United Kingdom1.02%
LCAP Performance
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$12,059
Returns run to the Oct 12, 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.
| Period | LCAP |
|---|---|
| Year to date | +16.6% |
| 1 month | +3.3% |
| 3 months | +2.7% |
| 1 year | +20.6% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | LCAP |
|---|---|---|
| 2026 YTD | +16.6% | |
| 2025 | +13.3% |
LCAP in the news
LCAP Dividends
- $0.03 per share
- Irregular
Distribution data unavailable.
Distribution history
LCAP Risk
- 10.8%
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.
- 1.56
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.
- −9.3%
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.
- 0.89
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
LCAP Cost
0.29%
LCAP0.29%
- The middle half of US Active Equity funds
- Median 0.70%
16 of the 123 US Active Equity funds charge less.
Other funds in US Active Equity
- AAAUSEA Series Trust - Alpha Architect US Equity ETFExpense ratio 0.09%1 year return +18.9%
- AFFLCFidelity Fundamental Large Cap Core ETFExpense ratio 0.38%1 year return +18.6%
- AMODLVictoryShares WestEnd U.S. Sector ETFExpense ratio 0.49%1 year return +18.2%
- APJUSPGIM ETF Trust - PGIM Jennison U.S Core Equity ETFExpense ratio 0.19%1 year return —
- ATACUT. Rowe Price Active Core U.S. Equity ETFExpense ratio 0.14%1 year return —