About PLNTX
Principal LifeTime Hybrid 2045 Fund R6 is a target date mutual fund designed for investors planning retirement around 2045. It seeks total return through long-term capital growth and current income via a dynamic asset allocation strategy that gradually shifts toward conservatism as the target date approaches, extending adjustments up to 10 years beyond 2045. As a fund of funds, it primarily invests in underlying Principal Funds and Principal Exchange-Traded Funds, with a majority allocated to index funds tracking large-cap U.S. equities like the S&P 500, alongside international equity, bond market index, mid-cap, small-cap, global emerging markets, high yield, and real estate securities funds. This diversified mix spans domestic and international equities, fixed income, and alternative assets, balancing growth potential with income generation and risk management for retirement savers. The R6 share class targets retirement plans and institutional investors, emphasizing low-cost access to a professionally managed glide path that assumes gradual withdrawals in retirement.
Fund Family Principal Funds
Category Target-Date 2045
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PLNTX
Share Class R-6
Index S&P Target Date 2045 TR
PLNTX had a total return of 13.34% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.59%.
