# Principal Capital Appreciation Select ETF (LCAP): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/lcap for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Principal Funds · Asset class: Equity - Strategy: Actively Managed · Inception: 2025-03-25 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. ## Key Facts | Metric | Value | |---|---| | Price | $33.86 | | Expense Ratio | 0.29% | | Assets Under Management | $1.80B | | NAV | $33.79 | | Holdings Count | 55 | | Distribution Yield (TTM) | 0.09% | | Annual Distribution (TTM) | $0.03 /share | | Distribution Frequency | Irregular | | 52-Week Range | $28.15 – $34.76 | | Beta | 0.89 | ## Latest Distribution - Amount: $0.0310 /share - Ex-date: 2025-12-29 - Pay date: 2025-12-31 ## Frequently Asked Questions ### 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. ### Does LCAP pay a dividend? Principal Capital Appreciation Select ETF (LCAP) currently distributes little or no income. Trailing-twelve-month yield is 0.09%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does LCAP pay dividends? Principal Capital Appreciation Select ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is LCAP's dividend yield? LCAP's trailing-twelve-month yield is 0.09%, calculated from the sum of dividends over the past year divided by the current price. ### When is LCAP's next ex-dividend date? The most recently announced ex-dividend date for LCAP was 2025-12-29. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will LCAP's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.29% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does LCAP charge its expense ratio? The expense ratio is deducted in tiny daily slices from LCAP's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does LCAP cost more than a fund like VOO? LCAP is actively managed (current expense ratio 0.29%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether LCAP's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to LCAP? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as LCAP (0.29%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/lcap - Distribution history: https://www.dividenddata.com/funds/lcap/dividend - Holdings & diversification: https://www.dividenddata.com/funds/lcap/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/lcap/expenses - Peer comparison: https://www.dividenddata.com/funds/lcap/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.