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.
Fund Family Principal Funds
Category Target-Date 2060+
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol PLTHX
Share Class Institutional Class
Index S&P Target Date 2060 TR USD
PLTHX had a total return of 15.12% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.66%.
