About PLTYX
Principal LifeTime Hybrid Income Fund R-6 is a target-date mutual fund designed for investors in or near retirement seeking a balance of current income and long-term capital growth. It operates as a fund of funds, primarily investing in a diversified mix of underlying Principal Funds, including R-6 class shares such as Principal Bond Market Index Institutional, Principal Large Cap S&P 500 Index Institutional, Principal Short-Term Income Institutional, Principal International Equity R-6, Principal High Yield R-6, and Principal Inflation Protection Institutional, among others covering equities, fixed income, real estate, and emerging markets. This conservative allocation emphasizes income-generating assets like bonds and short-term income funds while maintaining exposure to equities for growth potential. The fund follows a hybrid target-date strategy that assumes gradual withdrawals during retirement, with an asset mix already positioned at its most conservative stage to prioritize stability and income over aggressive growth. Managed by Principal Funds, Inc., it serves retirement plans and individual investors focused on preservation and yield in their portfolio's income phase.
Fund Family Principal Funds
Category Target-Date Retirement
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PLTYX
Share Class R-6
Index S&P Target Date Retirement Income TR
PLTYX had a total return of 9.29% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.08%.
