About LTRDX
Principal LifeTime 2045 Fund R-5 Class is a target-date mutual fund designed around a retirement horizon near 2045. It follows a glide-path framework, starting with a higher allocation to equities and gradually shifting toward more conservative fixed income and cash exposures as the target date approaches. The fund is a fund-of-funds, investing primarily in underlying Principal exchange-traded funds and mutual funds across domestic and international equities, core fixed income, real assets, and complementary strategies to achieve diversified total return with current income over time. According to Principal’s disclosures, its benchmark is the S&P Target Date 2045 Index, and portfolio management is handled by a seasoned multi-manager team. Recent holdings emphasize international equity, large-cap U.S. equity—including index, growth, value, and equity income sleeves—and core fixed income, reflecting a diversified, equity-tilted stance appropriate for investors well ahead of retirement. Within the target-date 2045 Morningstar category, it is positioned to systematically de-risk as 2045 nears, aiming to balance growth potential with risk management along the glide path.
Fund Family Principal Funds
Category Target-Date 2045
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol LTRDX
Share Class R-5
Index S&P Target Date 2045 TR
LTRDX had a total return of 10.88% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.80%.
