Principal us small cap index etf
About Principal US Small Cap Mlt Fac Ind ETF. The investment seeks investment results that closely correspond, before expenses, to the performance of the Nasdaq U.S. Small Cap Select Leaders Index. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the index. Launched on 09/21/2016, the Principal U.S. Small Cap Index ETF (PSC) is a passively managed exchange traded fund designed to provide a broad exposure. The Principal U.S. Small-MidCap Multi-Factor Core Index ETF (the Fund) launched on July 24, 2019. The strategic beta fund is designed to provide broad index-aware U.S. small, mid-cap equity exposure while incorporating a multi-factor model and modified weighting process to potentially enhance the risk/return profile.