USMC Fees and Costs — Principal U.S. Mega-Cap ETF
Data updated: 2026-09-10
The net expense ratio is 0.12%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $206K in broker commissions, 0.0063% of average net assets, and portfolio turnover was 55%.
USMC Fees and Expenses
Annual operating expenses and sales charges of USMC. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.12% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.12% |
| Fee waiver | — |
| Net expense ratio | 0.12% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
USMC Costs Over Time
On $10,000 invested in USMC, assuming 5% a year before costs, total costs come to $80 over 5 years, cutting the return by 0.13% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.12%) | $13 | $40 | $69 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $2 | $7 |
| Total costs | $13 | $44 | $80 |
| Value after costs | $10,487 | $11,532 | $12,682 |
| Impact on return, per year | 0.13% | 0.13% | 0.13% |
USMC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0063%
- Total broker commissions: $206K
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 55%
- Securities lending: none during the year
USMC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mischler Financial Group, Inc. | $204K | 99.18% |
| UBS Securities LLC | $463 | 0.23% |
| Citigroup Global Markets Inc. | $364 | 0.18% |
| Telsey Advisory Group LLC | $344 | 0.17% |
| JonesTrading Institutional Services LLC | $218 | 0.11% |
| BNY Capital Markets, LLC | $192 | 0.09% |
| Citation Group Ltd. | $106 | 0.05% |
USMC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $1.8B | 93.74% |
| State Street Bank and Trust Company | $119.8M | 6.26% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.