About PLTOX
The Principal LifeTime 2060 Fund Class R-5 is a target-date mutual fund designed primarily for individuals planning to retire around the year 2060. Its central objective is to provide a total return through long-term capital growth and current income, making it suitable for investors with a long investment horizon. The fund employs a diversified, fund-of-funds approach, allocating assets across a mix of underlying Principal mutual funds, including domestic and international equity funds, fixed-income securities, and real asset funds. This broad diversification aims to balance growth with risk management over time.
The asset allocation is strategically managed to shift gradually, becoming more conservative as the target retirement date approaches. Early on, the portfolio emphasizes equities and growth assets to maximize long-term appreciation, while progressively increasing exposure to fixed-income and lower-risk investments near retirement. The fund is benchmarked to the S&P Target Date 2060 Index and is positioned within the Target-Date 2060 category, reflecting its intended use within retirement portfolios. With assets exceeding $1 billion and annual dividend distributions, the Principal LifeTime 2060 Fund Class R-5 plays a significant role in retirement planning, offering a professionally managed solution for participants seeking a glide path investment strategy toward retirement.
Fund Family Principal Funds
Category Target-Date 2060+
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PLTOX
Share Class R-5
Index S&P Target Date 2060 TR USD
PLTOX had a total return of 15.85% in the past year, including dividends. Since the fund's
inception, the average annual return has been 14.73%.
