Principal LifeTime Hybrid 2060 R6 (PLKTX)
| Fund Assets | 212.51M |
| Expense Ratio | 0.39% |
| Min. Investment | $0.00 |
| Turnover | 17.40% |
| Dividend (ttm) | 0.53 |
| Dividend Yield | 2.61% |
| Dividend Growth | 26.82% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 20.30 |
| YTD Return | 19.33% |
| 1-Year Return | 14.94% |
| 5-Year Return | 66.54% |
| 52-Week Low | 14.93 |
| 52-Week High | 20.31 |
| Beta (5Y) | 0.95 |
| Holdings | 10 |
| Inception Date | Aug 24, 2015 |
About PLKTX
The Principal LifeTime Hybrid 2060 Fund Class R6 is a professionally managed mutual fund designed specifically for investors targeting retirement around the year 2060. As a target date fund, it automatically adjusts its asset allocation over time, starting with a greater emphasis on investments with higher growth potential—primarily equities—and gradually shifting toward a more conservative mix as the target date approaches. Its investment strategy aims for a total return through long-term growth of capital and current income, reflecting the needs of investors saving for retirement in a convenient, single-fund solution. The fund is a 'fund of funds,' meaning it invests in a variety of underlying Principal Funds, including Principal exchange-traded funds (PETF) and index funds, thereby providing broad diversification across multiple asset classes and global markets. This structure reduces single-sector risk and offers exposure to both U.S. and international securities. Principal LifeTime Hybrid 2060 Fund Class R6 plays a critical role in retirement planning by simplifying investment decisions, especially for those who prefer a hands-off approach, and is widely used in employer-sponsored retirement plans for its automatic rebalancing and risk mitigation over time.
Performance
PLKTX had a total return of 14.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 15.13%.
Top 10 Holdings
100.00% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal LargeCap S&P 500 Index Fund Institutional Class | PLFIX | 55.19% |
| Principal International Equity R-6 | PIIDX | 24.35% |
| Principal Glb Emerging Markets R6 | PIIMX | 5.11% |
| Principal MidCap S&P 400 Index R6 | PMAPX | 4.60% |
| Principal SmallCap S&P 600 Index R6 | PSPIX | 4.51% |
| Principal Bond Market Index Institutional Class | PNIIX | 2.28% |
| Principal Real Estate Securities Fd R6 | PFRSX | 1.97% |
| Principal International Small Company R6 | PFISX | 1.27% |
| Principal High Yield R-6 | PHYFX | 0.74% |
| CASH & RECEIVABLES | n/a | -0.02% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.3268 | Dec 31, 2024 |
| Dec 19, 2024 | $0.2032 | Dec 19, 2024 |
| Dec 29, 2023 | $0.2782 | Dec 29, 2023 |
| Dec 20, 2023 | $0.1397 | Dec 20, 2023 |
| Dec 30, 2022 | $0.1913 | Dec 30, 2022 |
| Dec 20, 2022 | $0.830 | Dec 20, 2022 |