Principal U.S. Large-Cap Multi-Factor ETF
PLC
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- Principal U.S. Large-Cap Multi-Factor ETF (PLC) is an exchange-traded fund that seeks to provide investment results corresponding to the performance of the Principal U.S. Large-Cap Multi-Factor Index before fees and expenses. The fund employs a multi-factor investment strategy targeting U.S. large-cap equities selected based on quality, value, momentum, and low volatility factors; it holds a diversified portfolio of approximately 200-300 stocks weighted by market capitalization adjusted for factor scores, including major holdings in sectors such as technology, financials, healthcare, and consumer discretionary. PLC offers investors passive exposure to large-cap U.S. markets with enhanced risk-adjusted returns through factor tilts, daily liquidity via NYSE Arca trading, and competitive expense ratios typical of Principal Funds' ETF suite. Operated by Principal Funds, Inc., a subsidiary of Principal Financial Group, Inc., founded in 1879 and headquartered in Des Moines, Iowa, PLC focuses on institutional and retail investors seeking core equity allocations. The fund's geographic operations are concentrated in the United States, tracking domestic large-cap companies comprising the index universe derived from the Russell 1000 Index. It integrates environmental, social, and governance (ESG) considerations indirectly through factor methodologies emphasizing financial quality and stability. In recent developments, Principal Funds expanded its multi-factor ETF lineup in 2023 with launches complementing PLC, including international and small-cap variants, amid growing demand for smart beta strategies. The firm announced strategic enhancements to index methodologies in late 2024, incorporating refined momentum and quality screens to improve outperformance amid volatile markets; no major acquisitions or rebrands occurred, but Principal Financial Group reported record assets under management exceeding $500 billion in assets as of mid-2025, bolstering ETF distribution through enhanced advisor platforms.