About PHTYX
Principal LifeTime Hybrid 2045 Fund Institutional Class is a target date mutual fund designed for investors planning to retire near the year 2045. Its principal objective is to seek a total return composed of long-term capital growth and current income. The fund uses a broadly diversified asset allocation strategy, which automatically adjusts over time: it initially emphasizes a higher allocation to equities to maximize growth potential and gradually shifts toward more conservative investments, like bonds, as the target retirement date approaches. The fund invests primarily through a "fund of funds" structure, allocating assets among underlying Principal mutual funds and index funds. Key holdings include significant allocations to large-cap U.S. equity, international equity, bond index funds, and smaller exposures to mid-cap, small-cap, real estate, and emerging markets funds. This design allows the fund to provide broad market exposure and risk management tailored for retirement savers. As a solution within the retirement planning landscape, it serves as a comprehensive, professionally managed investment vehicle that simplifies long-term asset allocation for individuals and institutions aiming for retirement around 2045.
Fund Family Principal Funds
Category Target-Date 2045
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PHTYX
Share Class Institutional Class
Index S&P Target Date 2045 TR
PHTYX had a total return of 12.79% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.88%.
