About PHJGX
Principal LifeTime Hybrid 2060 Fund Class J is a target-date mutual fund specifically designed for individuals planning to retire near the year 2060. Its primary function is to provide a total return composed of long-term capital growth and current income through a diversified, multi-asset investment approach. The fund utilizes a "fund of funds" structure, allocating its assets among various underlying Principal Exchange-Traded Funds (PETF) and Principal Funds, Inc. (PFI) offerings, with a significant emphasis on index funds. This allocation is strategically managed to become progressively more conservative as the target date approaches, reducing risk exposure by increasing holdings in typically lower-volatility assets such as bonds and reducing allocation to equities. Throughout its lifespan, the fund’s asset mix is periodically rebalanced to align with its glide path, ultimately supporting investors as they transition from their accumulation years into retirement and begin systematic withdrawals. Managed by Principal Global Investors and its affiliates, this fund plays a critical role in the retirement planning market, serving as a turnkey solution for those seeking automatic portfolio adjustments over several decades. Importantly, neither the principal investment nor the underlying assets are guaranteed at any time, and investment risk remains present throughout the fund’s duration.
Fund Family Principal Funds
Category Target-Date 2060+
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PHJGX
Share Class Class J
Index S&P Target Date 2060 TR USD
PHJGX had a total return of 14.65% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.93%.
