Principal US Large-Cap Adaptive Multi-Factor ETF
PLRG
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- May 20, 2021
- CIK
- 0001572661
- Similar Companies
- Business
- Principal US Large-Cap Adaptive Multi-Factor ETF (PLRG) is an actively managed exchange-traded fund that seeks long-term growth of capital by investing at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of US companies with large market capitalizations. The fund employs a proprietary adaptive multi-factor strategy to select and weight its portfolio of approximately 442 holdings, focusing on large-cap blend equities across sectors including technology services (18.86%), electronic technology (17.26%), finance (11.36%), and health technology (8.38%); it primarily targets North American markets with over 96% exposure to US equities and minimal allocations to international holdings in Ireland, the UK, and Switzerland. PLRG, issued by Principal Exchange-Traded Funds and managed by Principal Asset Management—a division of Principal Financial Group, Inc., founded in 1879 and headquartered in Des Moines, Iowa—launched in May 2021 and traded on Cboe BZX. In a significant operational change announced in September 2023, Principal Asset Management closed and liquidated PLRG, along with the Principal U.S. Small-Cap Adaptive Multi-Factor ETF (PLTL) and Principal International Adaptive Multi-Factor ETF (PXUS), following a standard review of its ETF lineup to align with investor demand and market conditions. Trading in PLRG halted after market close on October 13, 2023, with liquidation proceeds distributed to shareholders on or about October 20, 2023, marking the fund's termination; prior to closure, it distributed dividends such as $0.1064 per share in October 2023 and maintained an annual yield of approximately 1.42%. No recent partnerships, funding rounds, acquisitions, or new product launches were associated with PLRG in the lead-up to its closure.