About PLMTX
Principal LifeTime Hybrid 2040 Fund R-6 is a target-date mutual fund designed to support investor retirement goals around the year 2040. Its primary function is to provide a diversified investment portfolio that evolves over time, gradually shifting from asset growth to capital preservation as the target date nears. The fund utilizes a 'fund of funds' structure, allocating assets across a range of underlying Principal Exchange-Traded Funds and Principal Funds, Inc. vehicles, with a focus on index strategies for broad exposure and cost efficiency. Key holdings span U.S. large-cap equities, international equities, fixed income, mid- and small-cap stocks, high-yield bonds, emerging markets, and real estate securities, offering substantial diversification across geographies and asset classes. As retirement approaches, the fund's allocation becomes increasingly conservative to help manage risk. This fund is notable for its systematic rebalancing, experienced management team, and alignment with industry benchmarks such as the S&P Target Date 2040 Index. Principal LifeTime Hybrid 2040 Fund R-6 plays a significant role in retirement planning, acting as a comprehensive solution for long-term investors seeking both growth and income as they move toward retirement.
Fund Family Principal Funds
Category Target-Date 2040
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PLMTX
Share Class R-6
Index S&P Target Date 2040 TR
PLMTX had a total return of 11.64% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.22%.
