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.
Fund Family Principal Funds
Category Target-Date 2040
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PLTQX
Share Class Institutional Class
Index S&P Target Date 2040 TR
PLTQX had a total return of 11.19% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.29%.
