Principal LifeTime 2060 Fund Class J (PLTAX)
| Fund Assets | 1.15B |
| Expense Ratio | 1.04% |
| Min. Investment | $1,000 |
| Turnover | 37.30% |
| Dividend (ttm) | 0.76 |
| Dividend Yield | 4.02% |
| Dividend Growth | 26.10% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 18.96 |
| YTD Return | 10.08% |
| 1-Year Return | 19.44% |
| 5-Year Return | 68.54% |
| 52-Week Low | 15.22 |
| 52-Week High | 19.07 |
| Beta (5Y) | 0.94 |
| Holdings | 16 |
| Inception Date | Mar 1, 2013 |
About PLTAX
Principal LifeTime 2060 Fund Class J is a target-date mutual fund designed for investors with a retirement horizon around the year 2060. This fund's primary objective is to deliver a total return through a combination of long-term capital growth and current income. It accomplishes this by employing a dynamic asset allocation strategy, shifting its investments from higher-growth assets—such as domestic and international equities—toward more conservative holdings like fixed-income securities and real assets as it moves closer to its target date. The fund operates as a fund of funds, meaning it invests in a selection of underlying Principal Funds, Inc. portfolios, providing broad diversification across various asset classes. The asset mix is periodically adjusted to gradually reduce risk, aligning with the anticipated decreasing risk tolerance as investors near retirement. The fund continues to rebalance for about ten years beyond 2060 before settling at its most conservative allocation. Notably, neither the principal nor the returns are guaranteed. Principal LifeTime 2060 Fund Class J plays a significant role in the retirement planning landscape, offering a set-and-forget investment approach that adapts to the changing needs of long-term savers.
Performance
PLTAX had a total return of 19.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.61%.
Top 10 Holdings
92.44% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal International Equity Fund R-6 Class | PIIDX | 26.07% |
| Principal LargeCap S&P 500 Index Fund Institutional Class | PLFIX | 11.54% |
| Principal LargeCap Growth Fund I Class R-6 | PLCGX | 11.46% |
| Principal Blue Chip Fund Class R6 | PGBHX | 11.04% |
| Principal Equity Income Fund Institutional Class | PEIIX | 10.55% |
| Principal LargeCap Value Fund III Institutional Class | PLVIX | 10.40% |
| Principal SmallCap Fund Class R6 | PSMLX | 3.55% |
| Principal Global Emerging Markets Fund Class R6 | PIIMX | 2.77% |
| Principal Core Fixed Income Fund Class R-6 | PICNX | 2.61% |
| Principal Small-MidCap Dividend Income Fund R6 | PMDHX | 2.44% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.2203 | Dec 31, 2024 |
| Dec 19, 2024 | $0.5422 | Dec 19, 2024 |
| Dec 29, 2023 | $0.2121 | Dec 29, 2023 |
| Dec 20, 2023 | $0.3926 | Dec 20, 2023 |
| Dec 30, 2022 | $0.121 | Dec 30, 2022 |
| Dec 20, 2022 | $0.9931 | Dec 20, 2022 |