Principal LifeTime 2070 R5 (PLTFX)
| Fund Assets | 87.10M |
| Expense Ratio | 0.88% |
| Min. Investment | $1,000 |
| Turnover | 54.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 15.18 |
| YTD Return | 7.93% |
| 1-Year Return | 16.49% |
| 5-Year Return | n/a |
| 52-Week Low | 13.25 |
| 52-Week High | 15.32 |
| Beta (5Y) | n/a |
| Holdings | 15 |
| Inception Date | Mar 1, 2023 |
About PLTFX
Principal LifeTime 2070 Fund R5 is a target date mutual fund designed for individuals planning to retire around the year 2070. Its primary function is to provide a diversified investment approach that adjusts over time, aiming to balance long-term capital growth with current income. The fund achieves this by investing in a broad mix of underlying Principal Exchange-Traded Funds and mutual funds, covering domestic and international equities, fixed income, and real asset strategies. This structure enables broad diversification across varying asset classes and global markets. As the target date approaches, the fund systematically transitions to a more conservative allocation, gradually increasing exposure to fixed-income and other lower-risk assets while reducing equity exposure. This "glide path" strategy is intended to reduce overall portfolio risk as investors near and enter retirement. Principal LifeTime 2070 Fund R5 plays a significant role for long-term retirement savers by providing an all-in-one solution that adapts its risk and return profile to the changing needs of investors through different life stages, aligning with standard practices in the target-date fund category.
Performance
PLTFX had a total return of 16.49% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.39%.
Top 10 Holdings
93.53% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal LargeCap S&P 500 Index Fund Institutional Class | PLFIX | 26.48% |
| Principal International Equity R-6 | PIIDX | 25.34% |
| Principal Equity Income Fund Institutional Class | PEIIX | 7.22% |
| Principal Glb Emerging Markets R6 | PIIMX | 6.92% |
| Principal LargeCap Value Fund III Institutional Class | PLVIX | 6.56% |
| Principal LargeCap Growth I R6 | PLCGX | 6.04% |
| Principal Blue Chip R6 | PGBHX | 5.58% |
| Principal SmallCap R6 | PSMLX | 4.32% |
| Principal Small-MidCap Dividend Inc R6 | PMDHX | 2.58% |
| Principal Real Estate Securities Fd R6 | PFRSX | 2.51% |