About PPLIX
Principal LifeTime 2050 Fund Institutional Class is a target-date mutual fund designed to help investors prepare for retirement around the year 2050. The fund employs a diversified, multi-asset approach by investing in a mix of underlying funds, which span domestic and international equities, fixed income, and real assets. This "fund of funds" structure allows for broad exposure across both growth and income-producing asset classes, seeking to achieve a balance between long-term capital appreciation and current income.
The asset allocation strategy automatically becomes more conservative as the target retirement date approaches, gradually increasing fixed income exposure and reducing riskier equity holdings, following a predetermined glide path to manage risk over time. With more than $3.2 billion in assets, the fund’s top holdings include large-cap US equities, international equities, and fixed income instruments, reflecting its objective of broad diversification and risk management for retirement savers.
The fund is managed by an experienced team and benchmarks its performance against the S&P Target Date 2050 Index. As an institutional share class, it is tailored for investors seeking a professionally managed portfolio aligned with long-term retirement goals.
Fund Family Principal Funds
Category Target-Date 2050
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol PPLIX
Share Class Institutional Class
Index S&P Target Date 2050 TR
PPLIX had a total return of 12.37% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.51%.
