LCAP ETF — Principal Capital Appreciation Select ETF

Principal Capital Appreciation Select ETF (LCAP)

Updated October 16, 2026.

LCAP is an ETF. its trailing-12-month yield is 0.09%, its expense ratio is 0.29%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 35.4% over the past 1.6 years, 1.1 points behind SPY at 36.5%.

Principal Capital Appreciation Select ETF is an equity ETF that invests primarily in U.S. companies across all market capitalizations, with a concentration in large-cap stocks typically valued over $10 billion; the fund is classified as non-diversified. The fund currently distributes on an annual basis with a very modest distribution rate, and carries an expense ratio of 0.29%. The fund appeals to equity investors seeking large-cap exposure with a capital appreciation focus rather than income generation; note that the latest distribution was special and may not recur on a regular basis.

LCAP performance versus SPY

Price and return data through 2026-10-16.

Total return is 35.4% over the past 1.6 years, 1.1 points behind SPY at 36.5%. Over the past year its total return — price change plus distributions reinvested — is 17.2%. Its deepest 1-year drawdown was 9.3%.

LCAP key facts

Distribution Safety Score™

50 · Unproven

Issuer

Principal

Asset type

ETF

Asset class

Equity

Inception date

03/25/2025

Expense ratio

0.29%

Distribution frequency

Annual

Trailing yield

0.09%

Last close

$33.84 (as of 2026-10-16)

AUM

$1,930,212,220

Average volume

30767.0

Dividend

$0.031

Ex-dividend date

12/29/2025

Payment date

12/31/2025

Beta

0.9656

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.09%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Principal; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

LCAP risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.3%.

Who may consider LCAP — and who may not

It is a weaker fit for investors who need monthly cash flow (LCAP pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on LCAP

• All tickers starting with L

Frequently asked questions

More securities from Principal.