About PLJTX
The Principal LifeTime Hybrid 2050 Fund R-6 is a target-date mutual fund designed for investors planning to retire around the year 2050. Its primary function is to provide a total return that balances long-term capital growth with current income, adjusting its investment mix as the target date approaches. The fund invests in a diversified portfolio of underlying Principal Funds, including domestic and international equities, real assets, alternative investments, and fixed income instruments, with a significant portion allocated to index funds. As a fund of funds, it automatically shifts from higher-growth assets to more conservative allocations over time, aligning with the changing risk tolerance of investors as they near retirement. This glide path continues to evolve up to 10 years beyond the target year, supporting a gradual withdrawal strategy. With a focus on risk-adjusted returns and broad diversification, the Principal LifeTime Hybrid 2050 Fund R-6 plays a key role in retirement planning, offering a streamlined solution for investors seeking professional portfolio management throughout their investment lifecycle. The fund is managed by Principal Global Investors and falls within the Target-Date 2050 Morningstar category.
Fund Family Principal Funds
Category Target-Date 2050
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PLJTX
Share Class R-6
Index S&P Target Date 2050 TR
PLJTX had a total return of 20.35% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.77%.
