Principal LifeTime 2045 Fund R-3 Class (LTRVX)
| Fund Assets | 1.81B |
| Expense Ratio | 1.22% |
| Min. Investment | $0.00 |
| Turnover | 36.70% |
| Dividend (ttm) | 1.34 |
| Dividend Yield | 8.92% |
| Dividend Growth | 85.46% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 31, 2025 |
| Previous Close | 14.95 |
| YTD Return | 2.32% |
| 1-Year Return | 14.68% |
| 5-Year Return | 40.63% |
| 52-Week Low | 11.31 |
| 52-Week High | 15.14 |
| Beta (5Y) | n/a |
| Holdings | 16 |
| Inception Date | Feb 29, 2008 |
About LTRVX
Principal LifeTime 2045 Fund R-3 Class is a target-date mutual fund designed to align with investors anticipating retirement around the year 2045. The fund pursues a total return objective, balancing long-term capital appreciation with current income. It operates as a fund of funds, investing primarily in a diversified mix of underlying Principal Exchange-Traded Funds and Principal Funds, Inc. portfolios. These underlying investments span domestic and international equities, fixed income, and real asset funds, aiming to achieve broad diversification and risk management beyond traditional asset classes. A distinctive feature of the fund is its dynamic asset allocation strategy: the portfolio starts with a higher equity allocation for growth potential and systematically shifts toward more conservative holdings, such as bonds and other fixed-income securities, as the 2045 target date approaches. This gradual shift is designed to reduce volatility and provide greater capital preservation for investors nearing retirement. The Principal LifeTime 2045 Fund R-3 Class is widely used for retirement planning within employer-sponsored plans, serving as a single, professionally managed investment solution that adapts to a participant's lifestage and retirement horizon.
Performance
LTRVX had a total return of 14.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.40%.
Top 10 Holdings
94.52% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal LargeCap S&P 500 Index Fund Institutional Class | PLFIX | 25.11% |
| Principal International Equity Fund R-6 Class | PIIDX | 23.09% |
| Principal Core Fixed Income Fund Class R-6 | PICNX | 10.85% |
| Principal Equity Income Fund Institutional Class | PEIIX | 6.50% |
| Principal LargeCap Growth Fund I Class R-6 | PLCGX | 6.22% |
| Principal LargeCap Value Fund III Institutional Class | PLVIX | 6.05% |
| Principal Blue Chip Fund Class R6 | PGBHX | 5.82% |
| Principal Global Emerging Markets Fund Class R6 | PIIMX | 4.70% |
| Principal SmallCap Fund Class R6 | PSMLX | 3.84% |
| Principal High Yield Fund Class R-6 | PHYFX | 2.34% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2025 | $0.2674 | Dec 31, 2025 |
| Dec 18, 2025 | $1.0683 | Dec 18, 2025 |
| Dec 31, 2024 | $0.1754 | Dec 31, 2024 |
| Dec 19, 2024 | $0.5448 | Dec 19, 2024 |
| Dec 29, 2023 | $0.1723 | Dec 29, 2023 |
| Dec 20, 2023 | $0.3292 | Dec 20, 2023 |