Principal LifeTime Hybrid 2040 Instl (PLTQX)
| Fund Assets | 1.06B |
| Expense Ratio | 0.40% |
| Min. Investment | $0.00 |
| Turnover | 18.70% |
| Dividend (ttm) | 0.47 |
| Dividend Yield | 2.93% |
| Dividend Growth | 12.72% |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 16.26 |
| YTD Return | 10.34% |
| 1-Year Return | 12.23% |
| 5-Year Return | 60.45% |
| 52-Week Low | 13.24 |
| 52-Week High | 16.38 |
| Beta (5Y) | 0.85 |
| Holdings | 10 |
| Inception Date | Sep 30, 2014 |
About PLTQX
Principal LifeTime Hybrid 2040 Fund Institutional Class is a target-date mutual fund designed primarily to facilitate retirement investing for individuals planning to retire around the year 2040. Its primary function is to provide a balanced approach to growth and income by allocating assets among a mix of domestic and international equities, fixed income securities, real assets, and alternative investments. The fund operates as a fund of funds, investing chiefly in underlying Principal Funds, with a majority of assets allocated to index strategies. Notable features include automatic rebalancing and progressive adjustment of portfolio allocation—known as a glide path—toward more conservative holdings as the target date approaches. This structure helps mitigate risk as investors near retirement while aiming to deliver long-term capital appreciation and current income throughout the accumulation and withdrawal phases. The fund is overseen by a management team with deep industry experience and has established itself as part of a series of target-date solutions widely used for retirement planning. Its sector exposure is broad, reflecting diversified holdings spanning large-cap U.S. stocks, international equities, bonds, and specialty asset classes, making it significant for investors seeking a professionally managed, all-in-one retirement investment option.
Performance
PLTQX had a total return of 12.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.92%.
Top 10 Holdings
100.00% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal Large Cap S&P 500 Index Inst | PLFIX | 45.14% |
| Principal International Equity R-6 | PIIDX | 20.58% |
| Principal Bond Market Index Instl | PNIIX | 17.94% |
| Principal MidCap S&P 400 Index R6 | PMAPX | 4.09% |
| Principal SmallCap S&P 600 Index R6 | PSPIX | 3.58% |
| Principal High Yield R-6 | PHYFX | 3.13% |
| Principal Glb Emerging Markets R6 | PIIMX | 2.27% |
| Principal Real Estate Securities Fd R6 | PFRSX | 2.11% |
| Principal International Small Company R6 | PFISX | 1.11% |
| CASH & RECEIVABLES | n/a | 0.05% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.3298 | Dec 31, 2024 |
| Dec 19, 2024 | $0.1434 | Dec 19, 2024 |
| Dec 29, 2023 | $0.2928 | Dec 29, 2023 |
| Dec 20, 2023 | $0.127 | Dec 20, 2023 |
| Dec 30, 2022 | $0.1796 | Dec 30, 2022 |
| Dec 20, 2022 | $0.8649 | Dec 20, 2022 |