Principal LifeTime 2050 Fund Class A (PPEAX)
| Fund Assets | 3.27B |
| Expense Ratio | 1.04% |
| Min. Investment | $1,000 |
| Turnover | 37.10% |
| Dividend (ttm) | 1.05 |
| Dividend Yield | 5.35% |
| Dividend Growth | 62.55% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 18.59 |
| YTD Return | 9.03% |
| 1-Year Return | 17.67% |
| 5-Year Return | 71.23% |
| 52-Week Low | 15.14 |
| 52-Week High | 18.94 |
| Beta (5Y) | n/a |
| Holdings | 16 |
| Inception Date | Jun 28, 2005 |
About PPEAX
Principal LifeTime 2050 Fund Class A is a target-date mutual fund designed primarily for individuals planning to retire around the year 2050. Its primary objective is to provide a total return comprising long-term capital growth and current income. The fund employs a fund-of-funds approach by investing in a diversified mix of underlying Principal Exchange-Traded Funds and Principal mutual funds. These underlying holdings span domestic and international equities, fixed-income assets, and real assets, offering broad diversification across sectors and asset classes to help manage risk over time. A key feature of this fund is its "glide path"—the asset allocation gradually shifts from higher equity exposure towards fixed income and more conservative assets as the target date approaches. This progressive adjustment aims to reduce portfolio risk as investors near retirement. The fund is benchmarked to the S&P Target Date 2050 Index, reflecting its focus on both growth and risk management in alignment with projected retirement needs. With its diversified approach and lifecycle-based allocation, the Principal LifeTime 2050 Fund Class A plays a significant role in retirement planning by helping investors align investments with expected retirement timelines.
Performance
PPEAX had a total return of 17.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.21%.
Top 10 Holdings
92.28% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal International Equity Fund R-6 Class | PIIDX | 25.73% |
| Principal LargeCap S&P 500 Index Fund Institutional Class | PLFIX | 11.34% |
| Principal LargeCap Growth Fund I Class R-6 | PLCGX | 11.33% |
| Principal Blue Chip Fund Class R6 | PGBHX | 10.91% |
| Principal Equity Income Fund Institutional Class | PEIIX | 10.42% |
| Principal LargeCap Value Fund III Institutional Class | PLVIX | 10.26% |
| Principal Core Fixed Income R6 | PICNX | 3.72% |
| Principal SmallCap R6 | PSMLX | 3.45% |
| Principal Global Emerging Markets Fund Class R6 | PIIMX | 2.73% |
| Principal Small-MidCap Dividend Income Fund R6 | PMDHX | 2.40% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.2071 | Dec 31, 2024 |
| Dec 19, 2024 | $0.8446 | Dec 19, 2024 |
| Dec 29, 2023 | $0.2133 | Dec 29, 2023 |
| Dec 20, 2023 | $0.4337 | Dec 20, 2023 |
| Dec 30, 2022 | $0.1241 | Dec 30, 2022 |
| Dec 20, 2022 | $1.1224 | Dec 20, 2022 |