About PHJDX
Principal LifeTime Hybrid 2065 Fund Class J is a target-date mutual fund designed primarily for investors planning to retire around the year 2065. Its main objective is to achieve a total return through long-term capital growth and current income. The fund adopts a diversified investment approach, allocating assets among underlying domestic and international equity, fixed-income, and other funds, with a significant emphasis on index funds. As a fund of funds, it dynamically adjusts its asset allocation over time: early on, it maintains a higher proportion in equities for growth potential, gradually shifting toward more conservative investments such as bonds as the target retirement date approaches. This progressive risk reduction aims to balance growth and risk management for long-term retirement planning. Managed by Principal Global Investors, the fund assumes assets are withdrawn gradually during retirement and recalibrates its holdings regularly, ultimately reaching its most conservative allocation about a decade after the target year. Notably, the fund does not guarantee the value of its principal or assets at any time, maintaining investment risk throughout its lifecycle. The fund pays dividends semi-annually and is subject to a minimum investment requirement.
Fund Family Principal Funds
Category Target-Date 2065+
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol PHJDX
Share Class Class J
Index S&P Target Date 2060 TR USD
PHJDX had a total return of 14.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.79%.
