Principal LifeTime 2020 Institutional (PLWIX)
| Fund Assets | 2.06B |
| Expense Ratio | 0.54% |
| Min. Investment | $0.00 |
| Turnover | 27.40% |
| Dividend (ttm) | 0.90 |
| Dividend Yield | 6.80% |
| Dividend Growth | 46.70% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 13.22 |
| YTD Return | 10.43% |
| 1-Year Return | 13.75% |
| 5-Year Return | 38.31% |
| 52-Week Low | 11.47 |
| 52-Week High | 13.26 |
| Beta (5Y) | n/a |
| Holdings | 19 |
| Inception Date | Mar 1, 2001 |
About PLWIX
Principal LifeTime 2020 Fund Institutional Class is a target-date mutual fund designed to provide a balanced approach to retirement investing, particularly for individuals nearing or at retirement around the year 2020. The fund employs a diversified portfolio by allocating assets across underlying Principal Investors funds, including domestic and international equity, fixed-income, and real asset vehicles, to balance long-term growth of capital with current income. As a target-date strategy, its asset allocation becomes progressively more conservative as the designated retirement year approaches, prioritizing capital preservation and income over growth. Managed by a team of seasoned investment professionals, Principal LifeTime 2020 Fund Institutional Class emphasizes risk-adjusted returns, adjusting its holdings over time according to a predetermined glide path. The fund is chiefly used by retirement plan participants seeking diversification and professional management as they transition from asset accumulation to the distribution phase. Its broad exposure to global markets and multiple asset classes makes it a core component in retirement portfolios aiming for a balance between risk mitigation and potential return.
Performance
PLWIX had a total return of 13.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.95%.
Top 10 Holdings
91.28% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal Core Fixed Income R6 | PICNX | 32.12% |
| Principal Short-Term Income Inst | PSHIX | 13.19% |
| Principal International Equity R-6 | PIIDX | 11.08% |
| Principal High Yield R-6 | PHYFX | 5.67% |
| Principal Large Cap S&P 500 Index Inst | PLFIX | 5.42% |
| Principal Inflation Protection Inst | PIPIX | 5.06% |
| Principal LargeCap Growth I R6 | PLCGX | 4.97% |
| Principal Blue Chip R6 | PGBHX | 4.69% |
| Principal Equity Income Fund | PEIIX | 4.61% |
| Principal Large Cap Value III Inst | PLVIX | 4.47% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.3721 | Dec 31, 2024 |
| Dec 19, 2024 | $0.5282 | Dec 19, 2024 |
| Dec 29, 2023 | $0.3469 | Dec 29, 2023 |
| Dec 20, 2023 | $0.2668 | Dec 20, 2023 |
| Dec 30, 2022 | $0.2985 | Dec 30, 2022 |
| Dec 20, 2022 | $0.8048 | Dec 20, 2022 |