- What does LCAP invest in?
- Designed to offer participation in the U.S. equity market, this actively managed fund aims for sustained long-term capital growth. Its portfolio encompasses American enterprises across the full spectrum of market capitalizations, including small and mid-sized businesses, though it maintains a pronounced emphasis on large-cap companies. The fund's advisors diligently seek out securities they believe are undervalued relative to their private market value, demonstrate a clear competitive advantage, and/or benefit from significant barriers to entry within their sectors.
- What is the expense ratio of LCAP?
- Principal Capital Appreciation Select ETF (LCAP) charges an expense ratio of 0.29%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is LCAP?
- Principal Capital Appreciation Select ETF (LCAP) manages $1.80B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is LCAP actively managed or an index fund?
- LCAP is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (LCAP's is 0.29%) in exchange for the discretion to over- or under-weight positions.
- When was LCAP launched?
- Principal Capital Appreciation Select ETF (LCAP) launched in March 2025 and is managed by Principal Funds.
- How has LCAP performed?
- LCAP's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
