Principal LifeTime Hybrid 2060 Fund Institutional Class (PLTHX)
| Fund Assets | 212.51M |
| Expense Ratio | 0.42% |
| Min. Investment | $0.00 |
| Turnover | 17.40% |
| Dividend (ttm) | 0.53 |
| Dividend Yield | 2.60% |
| Dividend Growth | 26.32% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 20.23 |
| YTD Return | 19.34% |
| 1-Year Return | 14.91% |
| 5-Year Return | 66.32% |
| 52-Week Low | 14.88 |
| 52-Week High | 20.24 |
| Beta (5Y) | n/a |
| Holdings | 10 |
| Inception Date | Sep 30, 2014 |
About PLTHX
The Principal LifeTime Hybrid 2060 Fund Institutional is a target-date mutual fund designed to help investors prepare for retirement, with a target date near the year 2060. Its primary function is to deliver a total return by combining long-term capital appreciation with current income, following a dynamic asset allocation strategy that shifts as the target date approaches. The fund operates as a fund of funds, investing predominantly in a mix of underlying Principal Exchange-Traded Funds (PETF) and Principal Funds, Inc. (PFI) vehicles, with a significant focus on index funds. Initially, the fund maintains a high allocation to equities—typically around 96%—to pursue growth, gradually transitioning to a more conservative mix that includes bonds and other fixed-income instruments as the portfolio’s target date nears and beyond, eventually reaching its most conservative mix ten years after the target date. This glide path is specifically crafted to balance risk and reward in line with the evolving time horizon and risk tolerance of investors as they approach and move through retirement. The fund is commonly used in employer-sponsored retirement plans as a default investment option for participants expecting to retire around 2060, providing automated, professionally managed asset allocation throughout the investment lifecycle.
Performance
PLTHX had a total return of 14.91% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.08%.
Top 10 Holdings
100.00% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal LargeCap S&P 500 Index Fund Institutional Class | PLFIX | 55.19% |
| Principal International Equity R-6 | PIIDX | 24.35% |
| Principal Glb Emerging Markets R6 | PIIMX | 5.11% |
| Principal MidCap S&P 400 Index R6 | PMAPX | 4.60% |
| Principal SmallCap S&P 600 Index R6 | PSPIX | 4.51% |
| Principal Bond Market Index Institutional Class | PNIIX | 2.28% |
| Principal Real Estate Securities Fd R6 | PFRSX | 1.97% |
| Principal International Small Company R6 | PFISX | 1.27% |
| Principal High Yield R-6 | PHYFX | 0.74% |
| CASH & RECEIVABLES | n/a | -0.02% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.3224 | Dec 31, 2024 |
| Dec 19, 2024 | $0.2032 | Dec 19, 2024 |
| Dec 29, 2023 | $0.2764 | Dec 29, 2023 |
| Dec 20, 2023 | $0.1397 | Dec 20, 2023 |
| Dec 30, 2022 | $0.1903 | Dec 30, 2022 |
| Dec 20, 2022 | $0.830 | Dec 20, 2022 |