Principal LifeTime 2035 Fund (LTPEX)
| Fund Assets | 1.97B |
| Expense Ratio | 0.86% |
| Min. Investment | $0.00 |
| Turnover | 36.50% |
| Dividend (ttm) | 0.72 |
| Dividend Yield | 5.20% |
| Dividend Growth | 50.64% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 13.70 |
| YTD Return | 10.25% |
| 1-Year Return | 13.71% |
| 5-Year Return | 50.14% |
| 52-Week Low | 11.62 |
| 52-Week High | 13.88 |
| Beta (5Y) | n/a |
| Holdings | 16 |
| Inception Date | Feb 29, 2008 |
About LTPEX
Principal LifeTime 2035 Fund R-5 Class is a target date mutual fund designed to provide a total return through long-term capital growth and current income. Its primary function is to serve investors planning to retire around the year 2035 by dynamically managing asset allocations to balance growth potential and risk over time. The fund utilizes a 'fund of funds' structure, investing in a diversified mix of underlying Principal mutual funds that span domestic and international equities, fixed income, high yield, and real assets. This broad diversification aims to reduce risk while pursuing attractive returns as the 2035 target date approaches. Over time, the fund’s allocation becomes more conservative, gradually increasing fixed income exposure and reducing equities as participants near retirement. Managed by experienced investment professionals, the fund is benchmarked to the S&P Target Date 2035 Index and is structured to assist investors in accumulating assets for retirement, providing both growth and income as needs evolve throughout the investment lifecycle. Principal LifeTime 2035 Fund R-5 Class plays a significant role in retirement planning by automating asset allocation adjustments and offering a one-stop solution for diversified long-term investing.
Performance
LTPEX had a total return of 13.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.95%.
Top 10 Holdings
93.07% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal Core Fixed Income R6 | PICNX | 28.37% |
| Principal International Equity R-6 | PIIDX | 17.66% |
| Principal Large Cap S&P 500 Index Inst | PLFIX | 8.19% |
| Principal LargeCap Growth I R6 | PLCGX | 7.98% |
| Principal Blue Chip R6 | PGBHX | 7.79% |
| Principal Equity Income Fund | PEIIX | 7.23% |
| Principal Large Cap Value III Inst | PLVIX | 7.10% |
| Principal High Yield R-6 | PHYFX | 4.24% |
| Principal SmallCap R6 | PSMLX | 2.42% |
| Principal Real Estate Securities Fd R6 | PFRSX | 2.10% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.2661 | Dec 31, 2024 |
| Dec 19, 2024 | $0.4541 | Dec 19, 2024 |
| Dec 29, 2023 | $0.2374 | Dec 29, 2023 |
| Dec 20, 2023 | $0.2407 | Dec 20, 2023 |
| Dec 30, 2022 | $0.1636 | Dec 30, 2022 |
| Dec 20, 2022 | $0.6242 | Dec 20, 2022 |