Principal LifeTime 2060 Fund Class R-5 (PLTOX)
| Fund Assets | 1.10B |
| Expense Ratio | 0.93% |
| Min. Investment | $0.00 |
| Turnover | 37.30% |
| Dividend (ttm) | 0.78 |
| Dividend Yield | 4.20% |
| Dividend Growth | 26.78% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 18.82 |
| YTD Return | 8.81% |
| 1-Year Return | 13.86% |
| 5-Year Return | 77.28% |
| 52-Week Low | 15.22 |
| 52-Week High | 18.82 |
| Beta (5Y) | n/a |
| Holdings | 16 |
| Inception Date | Mar 1, 2013 |
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.
Performance
PLTOX had a total return of 13.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.67%.
Top 10 Holdings
92.26% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal International Equity Fund R-6 Class | PIIDX | 24.60% |
| Principal LargeCap S&P 500 Index Fund Institutional Class | PLFIX | 11.75% |
| Principal LargeCap Growth Fund I Class R-6 | PLCGX | 11.60% |
| Principal Blue Chip Fund Class R6 | PGBHX | 11.35% |
| Principal Equity Income Fund Institutional Class | PEIIX | 10.90% |
| Principal LargeCap Value Fund III Institutional Class | PLVIX | 10.70% |
| Principal SmallCap R6 | PSMLX | 3.59% |
| Principal Core Fixed Income Fund Class R-6 | PICNX | 2.68% |
| Principal Global Emerging Markets Fund Class R6 | PIIMX | 2.54% |
| Principal Small-MidCap Dividend Income Fund R6 | PMDHX | 2.53% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.2423 | Dec 31, 2024 |
| Dec 19, 2024 | $0.5422 | Dec 19, 2024 |
| Dec 29, 2023 | $0.2262 | Dec 29, 2023 |
| Dec 20, 2023 | $0.3926 | Dec 20, 2023 |
| Dec 30, 2022 | $0.1434 | Dec 30, 2022 |
| Dec 20, 2022 | $0.9931 | Dec 20, 2022 |