Principal LifeTime 2065 Institutional (PLJIX)
| Fund Assets | 272.89M |
| Expense Ratio | 0.70% |
| Min. Investment | $0.00 |
| Turnover | 36.60% |
| Dividend (ttm) | 0.54 |
| Dividend Yield | 3.32% |
| Dividend Growth | 15.47% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 16.38 |
| YTD Return | 14.46% |
| 1-Year Return | 17.68% |
| 5-Year Return | 74.85% |
| 52-Week Low | 12.65 |
| 52-Week High | 16.38 |
| Beta (5Y) | 0.94 |
| Holdings | 16 |
| Inception Date | Sep 6, 2017 |
About PLJIX
Principal LifeTime 2065 Fund Institutional Class is a target-date mutual fund designed to align with the retirement goals of investors planning to begin withdrawals around the year 2065. The fund utilizes a fund-of-funds structure, allocating assets among underlying Principal funds, which include a diversified mix of domestic and international equity, fixed-income, and real asset funds. Its asset allocation strategy is dynamic—starting with a heavier emphasis on growth-oriented investments, such as equities, and gradually shifting toward more conservative holdings as the target retirement date approaches. This glide path aims to balance capital appreciation potential in the early years with increased income and stability closer to retirement. The fund is actively managed by an experienced team, who adjust allocations periodically to reflect market conditions and the evolving investment horizon. As of recent data, the fund held assets totaling over $230 million and reports an annual dividend distribution. The Principal LifeTime 2065 Fund Institutional Class is recognized for its role in retirement planning, serving investors seeking a one-stop, professionally managed investment solution tailored to a specific retirement timeline.
Performance
PLJIX had a total return of 17.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.47%.
Top 10 Holdings
92.35% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal International Equity R-6 | PIIDX | 25.44% |
| Principal Large Cap S&P 500 Index Inst | PLFIX | 11.60% |
| Principal LargeCap Growth I R6 | PLCGX | 11.56% |
| Principal Blue Chip R6 | PGBHX | 11.30% |
| Principal Equity Income Fund | PEIIX | 10.53% |
| Principal Large Cap Value III Inst | PLVIX | 10.35% |
| Principal SmallCap R6 | PSMLX | 3.68% |
| Principal Glb Emerging Markets R6 | PIIMX | 2.80% |
| Principal Core Fixed Income R6 | PICNX | 2.62% |
| Principal Small-MidCap Dividend Inc R6 | PMDHX | 2.48% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.2218 | Dec 31, 2024 |
| Dec 19, 2024 | $0.3201 | Dec 19, 2024 |
| Dec 29, 2023 | $0.2122 | Dec 29, 2023 |
| Dec 20, 2023 | $0.2571 | Dec 20, 2023 |
| Dec 30, 2022 | $0.1376 | Dec 30, 2022 |
| Dec 20, 2022 | $0.5976 | Dec 20, 2022 |