About PLSJX
Principal LifeTime Strategic Income Fund is a multi-asset target-date retirement income mutual fund designed primarily to generate current income with secondary emphasis on capital appreciation. It operates as a fund of funds, allocating across underlying Principal funds spanning U.S. and international equities, investment-grade and high-yield bonds, inflation-linked securities, real estate securities, and diversified real assets to broaden diversification beyond traditional stock-bond exposures. The portfolio skews toward fixed income and short-term bonds, complemented by selective equity sleeves for stability and inflation mitigation, with notable allocations to core fixed income, short-term income, high yield, and inflation protection strategies. The fund follows a post-retirement glide path targeted for investors roughly ten years beyond typical retirement age, maintaining a conservative mix to help support withdrawal needs while retaining measured growth potential. It is benchmarked to the S&P Target Date Retirement Income Index and is part of the Principal LifeTime series, which systematically rebalances as investors move through retirement. Key structural details include long operating history since 2001, annual distributions, and a fund-of-funds adviser model under Principal Global Investors and affiliated managers.
Fund Family Principal Funds
Category Target-Date Retirement
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PLSJX
Share Class Class J
Index S&P Target Date Retirement Income TR
PLSJX had a total return of 3.98% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.96%.
