Principal LifeTime 2060 Fund Institutional Class (PLTZX)
| Fund Assets | 1.15B |
| Expense Ratio | 0.67% |
| Min. Investment | $0.00 |
| Turnover | 37.30% |
| Dividend (ttm) | 0.82 |
| Dividend Yield | 4.26% |
| Dividend Growth | 23.88% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 19.13 |
| YTD Return | 10.68% |
| 1-Year Return | 22.93% |
| 5-Year Return | 72.20% |
| 52-Week Low | 15.38 |
| 52-Week High | 19.29 |
| Beta (5Y) | n/a |
| Holdings | 16 |
| Inception Date | Mar 1, 2013 |
About PLTZX
Principal LifeTime 2060 Fund Institutional Class is a target-date mutual fund designed for investors planning to retire around the year 2060. Its primary objective is to deliver total return through long-term capital growth and current income, achieved via a diversified asset allocation strategy that evolves as the target retirement year approaches. The fund allocates investments across a range of underlying Principal funds, encompassing domestic and international equities, fixed-income securities, and real assets. This approach aims to balance growth and risk, gradually shifting the portfolio toward more conservative holdings as 2060 nears to reflect a typical investor’s changing risk tolerance over time. A core offering in the target-date category, Principal LifeTime 2060 Fund Institutional Class serves as a comprehensive, professionally managed retirement solution. It facilitates automatic rebalancing and diversification, helping participants manage investment risk throughout their saving and retirement journey. The fund’s broad exposure to various asset classes underscores its role in retirement planning, supporting long-term accumulation and income needs for investors with a projected retirement horizon near 2060.
Performance
PLTZX had a total return of 22.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.02%.
Top 10 Holdings
92.44% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal International Equity Fund R-6 Class | PIIDX | 26.07% |
| Principal LargeCap S&P 500 Index Fund Institutional Class | PLFIX | 11.54% |
| Principal LargeCap Growth Fund I Class R-6 | PLCGX | 11.46% |
| Principal Blue Chip Fund Class R6 | PGBHX | 11.04% |
| Principal Equity Income Fund Institutional Class | PEIIX | 10.55% |
| Principal LargeCap Value Fund III Institutional Class | PLVIX | 10.40% |
| Principal SmallCap Fund Class R6 | PSMLX | 3.55% |
| Principal Global Emerging Markets Fund Class R6 | PIIMX | 2.77% |
| Principal Core Fixed Income Fund Class R-6 | PICNX | 2.61% |
| Principal Small-MidCap Dividend Income Fund R6 | PMDHX | 2.44% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.2754 | Dec 31, 2024 |
| Dec 19, 2024 | $0.5422 | Dec 19, 2024 |
| Dec 29, 2023 | $0.2674 | Dec 29, 2023 |
| Dec 20, 2023 | $0.3926 | Dec 20, 2023 |
| Dec 30, 2022 | $0.1761 | Dec 30, 2022 |
| Dec 20, 2022 | $0.9931 | Dec 20, 2022 |