About PALTX
Principal LifeTime Strategic Income Fund Class A is a mutual fund designed to provide investors with high current income as its primary objective, along with potential for capital appreciation as a secondary goal. This fund employs a fund-of-funds approach, meaning it invests in a carefully selected combination of other Principal mutual funds and exchange-traded funds, rather than holding individual securities directly. Its diversified portfolio includes allocations to domestic and international equities, a wide range of fixed-income securities, and real asset funds, providing broad exposure across global markets.
Chiefly intended for those who are approximately ten years past the traditional retirement age, the asset allocation is conservatively structured to emphasize income generation and risk mitigation, making it especially relevant for retirees or investors seeking steady cash flow. The fund maintains significant weights in core fixed income and short-term income funds, while retaining moderate allocations to high-yield bonds, inflation protection, blue-chip equities, and real estate investments.
By pooling varied asset classes through underlying Principal funds, Principal LifeTime Strategic Income Fund Class A helps reduce the impact of market volatility and supports diversified income streams, playing a stabilizing role within retirement-focused portfolios.
Fund Family Principal Funds
Category Target-Date Retirement
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PALTX
Share Class Class A
Index S&P Target Date Retirement Income TR
PALTX had a total return of 7.60% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.90%.
