Principal LifeTime 2050 R5 (PTEFX)
| Fund Assets | 3.35B |
| Expense Ratio | 0.92% |
| Min. Investment | $0.00 |
| Turnover | 37.10% |
| Dividend (ttm) | 1.08 |
| Dividend Yield | 5.74% |
| Dividend Growth | 62.86% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 18.83 |
| YTD Return | 11.76% |
| 1-Year Return | 19.33% |
| 5-Year Return | 70.58% |
| 52-Week Low | 14.95 |
| 52-Week High | 18.88 |
| Beta (5Y) | n/a |
| Holdings | 16 |
| Inception Date | Mar 1, 2001 |
About PTEFX
Principal LifeTime 2050 Fund R-5 Class is a target date mutual fund designed to support investors planning to retire around the year 2050. Its core objective is to deliver a total return focused on long-term capital growth coupled with current income. The fund employs a dynamic asset allocation approach, initially allocating more heavily toward equities to pursue growth and gradually shifting toward fixed income and other more conservative investments as the target retirement date approaches. This adjustment, known as the glidepath, aims to reduce portfolio risk as participants near retirement age. As a fund of funds, Principal LifeTime 2050 Fund R-5 Class invests in a diversified mix of underlying Principal Funds spanning domestic and international equities, fixed-income securities, and real assets, offering broad diversification across geographies and sectors. The fund's structure is intended to simplify retirement investing by automatically adjusting its risk profile over time, making it a popular option in employer-sponsored retirement plans and for individual long-term investors seeking a hands-off approach to retirement planning. While the fund’s asset allocation is tailored for retirement at 2050, it does not guarantee income or principal and remains subject to market risks throughout the investment horizon.
Performance
PTEFX had a total return of 19.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.04%.
Top 10 Holdings
92.28% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal International Equity R-6 | PIIDX | 25.73% |
| Principal Large Cap S&P 500 Index Inst | 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 | PEIIX | 10.42% |
| Principal Large Cap Value III Inst | PLVIX | 10.26% |
| Principal Core Fixed Income R6 | PICNX | 3.72% |
| Principal SmallCap Fund Class R6 | PSMLX | 3.45% |
| Principal Glb Emerging Markets R6 | PIIMX | 2.73% |
| Principal Small-MidCap Dividend Inc R6 | PMDHX | 2.40% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.2358 | Dec 31, 2024 |
| Dec 19, 2024 | $0.8446 | Dec 19, 2024 |
| Dec 29, 2023 | $0.2297 | Dec 29, 2023 |
| Dec 20, 2023 | $0.4337 | Dec 20, 2023 |
| Dec 30, 2022 | $0.1411 | Dec 30, 2022 |
| Dec 20, 2022 | $1.1224 | Dec 20, 2022 |