About PLJCX
Principal LifeTime 2065 Fund, Class R-3 is a target date mutual fund designed for investors planning to retire around the year 2065. As a target date fund, its primary function is to provide a diversified investment strategy that automatically adjusts the asset allocation over time, shifting from a focus on growth-oriented equity investments in the early years toward more conservative, income-generating assets as the target retirement date approaches. This fund employs a fund-of-funds structure, investing in a mix of underlying Principal Funds, including domestic and international equity funds, fixed-income funds, and real asset funds, aiming to achieve broad diversification beyond traditional securities. The fund seeks a total return through long-term capital appreciation and current income, serving individuals looking to simplify retirement saving by aligning risk and return profiles to their expected retirement timeline. Its role in the financial market is to offer an all-in-one retirement solution for plan participants, particularly within employer-sponsored retirement plans, by dynamically managing portfolio risk as investors progress toward retirement.
Fund Family Principal Funds
Category Target-Date 2065+
Performance Rating Low
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PLJCX
Share Class R-3
Index S&P Target Date 2065+ TR
PLJCX had a total return of 15.18% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.37%.
