About PLKRX
Principal LifeTime Hybrid 2070 Fund R-6 is a target-date mutual fund designed for investors who plan to retire near the year 2070. Its primary function is to provide a diversified portfolio that automatically adjusts its risk profile over time, becoming more conservative as the target retirement date approaches. The fund achieves this by investing primarily in a mix of underlying Principal Funds, including domestic and international equities, fixed-income securities, real assets, and other investment options, with a significant allocation to index funds to promote broad diversification and cost efficiency.
The strategy aims to deliver long-term capital growth and current income, aligning with the needs of individuals saving for retirement over an extended horizon. As of the latest portfolio data, the fund's largest holdings include large-cap U.S. equities, international equities, mid-cap and small-cap U.S. stocks, as well as allocations to bonds, real estate, and emerging markets. This diversified approach helps mitigate risk while capturing growth opportunities across various asset classes and global markets. The fund is categorized within the Target-Date 2065+ Morningstar category and is actively managed by a team of experienced professionals, adapting the allocation to suit the evolving needs of future retirees.
Fund Family Principal Funds
Category Mixed-Asset Target 2060+
Stock Exchange NASDAQ
Ticker Symbol PLKRX
Share Class R-6
Index S&P Composite 1500 TR
PLKRX had a total return of 20.65% in the past year, including dividends. Since the fund's
inception, the average annual return has been 18.81%.
