Principal LifeTime Hybrid 2045 Fund R-6 (PLNTX)
| Fund Assets | 590.07M |
| Expense Ratio | 0.38% |
| Min. Investment | $1,000 |
| Turnover | 20.20% |
| Dividend (ttm) | 0.50 |
| Dividend Yield | 2.93% |
| Dividend Growth | 18.18% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 17.24 |
| YTD Return | 10.25% |
| 1-Year Return | 16.05% |
| 5-Year Return | 66.42% |
| 52-Week Low | 13.69 |
| 52-Week High | 17.24 |
| Beta (5Y) | n/a |
| Holdings | 10 |
| Inception Date | Aug 24, 2015 |
About PLNTX
The Principal LifeTime Hybrid 2045 Fund R6 is a target-date mutual fund designed to help investors save for retirement with a projected retirement year around 2045. Its primary function is to provide a **blend of long-term capital growth and current income** by dynamically adjusting its asset allocation strategy as the target date approaches. The fund achieves this by investing in a diversified portfolio of underlying Principal funds, spanning domestic and international equities, real assets, alternative investments, and fixed income instruments. Notably, as the fund’s target year draws closer, the portfolio gradually becomes more conservative by increasing exposure to bonds and other lower-risk assets while reducing equity holdings, aligning with investors’ decreasing risk tolerance as retirement nears. The Principal LifeTime Hybrid 2045 Fund R6 plays a key role in the retirement investment landscape by offering a professionally managed, all-in-one solution that regularly rebalances and optimizes its allocations for individuals planning to retire around 2045. Its multi-asset, globally diversified approach provides exposure to a variety of sectors and markets. The fund is intended for investors seeking a hands-off, long-term investment vehicle that automatically adjusts risk over time to meet evolving retirement needs, though neither the principal nor underlying assets are guaranteed at any time.
Performance
PLNTX had a total return of 16.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.04%.
Top 10 Holdings
100.00% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal LargeCap S&P 500 Index Fund Institutional Class | PLFIX | 49.87% |
| Principal International Equity Fund R-6 Class | PIIDX | 23.54% |
| Principal Bond Market Index Instl | PNIIX | 10.08% |
| Principal MidCap S&P 400 Index Fund Class R6 | PMAPX | 4.47% |
| Principal SmallCap S&P 600 Index Fund Class R6 | PSPIX | 3.97% |
| Principal Global Emerging Markets Fund Class R6 | PIIMX | 2.51% |
| Principal High Yield Fund Class R-6 | PHYFX | 2.23% |
| Principal Real Estate Securities Fund Class R6 | PFRSX | 2.12% |
| Principal International Small Company Fund R6 | PFISX | 1.21% |
| CASH & RECEIVABLES | n/a | -0.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.3251 | Dec 31, 2024 |
| Dec 19, 2024 | $0.1793 | Dec 19, 2024 |
| Dec 29, 2023 | $0.2794 | Dec 29, 2023 |
| Dec 20, 2023 | $0.1474 | Dec 20, 2023 |
| Dec 30, 2022 | $0.1802 | Dec 30, 2022 |
| Dec 20, 2022 | $0.9801 | Dec 20, 2022 |