About PLKSX
Principal LifeTime Hybrid 2070 Fund Institutional Class is a target date mutual fund designed to provide a combination of long-term capital growth and current income, with an investment strategy structured around a projected retirement year of 2070. This fund operates as a fund of funds, meaning it invests primarily in a mix of underlying Principal Exchange-Traded Funds and Principal Funds, Inc. vehicles, with a significant allocation to index funds for broad market exposure. Its portfolio is diversified across multiple asset classes, including domestic and international equities, fixed income, and real assets, aiming to balance growth potential with risk management throughout the investing lifecycle.
The asset allocation is regularly adjusted: in early years, it emphasizes equities to pursue growth, then gradually shifts toward more conservative investments, such as bonds and cash equivalents, as it approaches and surpasses the target retirement date. The fund’s glide path extends roughly ten years beyond 2070, targeting a steady income and capital preservation for retirees. It is intended for individuals planning to retire around 2070 and seeking a professionally managed, adaptable investment solution that evolves with their time horizon and risk tolerance.
Fund Family Principal Funds
Category Target-Date 2065+
Stock Exchange Nasdaq
Ticker Symbol PLKSX
Share Class Institutional Class
PLKSX had a total return of 15.06% in the past year, including dividends. Since the fund's
inception, the average annual return has been 17.36%.
