Principal LifeTime 2050 R3 (PTERX)
| Fund Assets | 3.35B |
| Expense Ratio | 1.23% |
| Min. Investment | $0.00 |
| Turnover | 37.10% |
| Dividend (ttm) | 1.03 |
| Dividend Yield | 5.54% |
| Dividend Growth | 65.18% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 18.55 |
| YTD Return | 11.55% |
| 1-Year Return | 19.07% |
| 5-Year Return | 68.10% |
| 52-Week Low | 14.74 |
| 52-Week High | 18.60 |
| Beta (5Y) | n/a |
| Holdings | 16 |
| Inception Date | Mar 1, 2001 |
About PTERX
The Principal LifeTime 2050 Fund R-3 Class is a target date mutual fund designed to serve investors planning to retire around the year 2050. Its primary purpose is to provide a total return comprised of long-term capital growth and current income, achieved through a diversified investment strategy that automatically adjusts over time. As a “fund of funds,” it allocates assets across a wide mix of underlying Principal Funds, which represent domestic and international equities, fixed income, and real asset categories. This structure offers broad diversification and aims to balance risk and reward throughout varying market conditions. One of the fund’s defining characteristics is its glide path: as the target year approaches, the allocation gradually becomes more conservative, reducing equity exposure in favor of fixed income and other lower-risk investments. This approach is intended to help protect accumulated savings as investors near retirement, while still pursuing growth in earlier years. The Principal LifeTime 2050 Fund R-3 Class plays a significant role in employer-sponsored retirement plans by offering an efficient, all-in-one solution that automatically evolves to meet the needs of investors throughout their working years and into retirement.
Performance
PTERX had a total return of 19.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.03%.
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 I R6 | PLCGX | 11.33% |
| Principal Blue Chip 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 | $0.1825 | Dec 31, 2024 |
| Dec 19, 2024 | $0.8446 | Dec 19, 2024 |
| Dec 29, 2023 | $0.1881 | Dec 29, 2023 |
| Dec 20, 2023 | $0.4337 | Dec 20, 2023 |
| Dec 30, 2022 | $0.0939 | Dec 30, 2022 |
| Dec 20, 2022 | $1.1224 | Dec 20, 2022 |