Principal Capital Appreciation Select ETF
$33.78−0.17 (−0.49%)
- Expense ratio
- 0.29%
- Fund size
- $1.8B
- 1Y return
- +17.1%
- Yield · Last 12 months
- Data unavailable
- Holdings
- 55
- Volume · 30D
- 0M sh
- NAV per share
- $33.47
- 52W range
The ETF.net LCAP Grade
Score 72 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 87Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 52Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 72Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 62Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 73Category rank
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
- 55
- 44%
- NVDA
Geography
- United States95.45%
- Switzerland2.49%
- Taiwan1.07%
- United Kingdom0.99%
LCAP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +14.9% |
| 1 month | +1.2% |
| 3 months | +3.3% |
| 1 year | +17.1% |
| 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 | +14.9% | |
| 2025 | +13.3% |
LCAP in the news
ETF.net Research hasn’t filed on LCAP yet — coverage lands here as it’s written.
LCAP Dividends
- $0.03 per share
- Irregular
Distribution data unavailable.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 29, 2025 | Dec 31, 2025 | $0.03 |
LCAP Risk
- 11.1%
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.
- 1.62
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
- The middle half of US Active Equity funds
- Median 0.70%
16 of the 124 US Active Equity funds charge less.