USMC – Fund Analysis – Principal US Mega-Cap ETF | Morningstar

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Will USMC outperform in the future?

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable USMC’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar

The People Pillar is our evaluation of the USMC management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar

The Parent Pillar is our rating of USMC’s parent organization’s priorities and whether they’re in line with investors’ interests.

A weighting game.

Associate Analyst Indira Fisher

Indira Fisher

Associate Analyst

Summary

While it fills a legitimate niche, a small, reorganized team and a peculiar process limit Principal US Mega-Cap ETF’s appeal.

by Indira Fisher

Rated on Sep 20, 2026 Published on Sep 20, 2026

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