Principal LifeTime 2070 Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
5.5%
1 yr return
18.0%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$12.3 M
Holdings in Top 10
85.0%
52 WEEK LOW AND HIGH
$11.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 4.76%
SALES FEES
Front Load N/A
Deferred Load 5.00%
TRADING FEES
Turnover 26.80%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PLTSX - Profile
Distributions
- YTD Total Return 5.5%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.20%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NamePrincipal LifeTime 2070 Fund
-
Fund Family NamePrincipal Funds
-
Inception DateMar 07, 2023
-
Shares OutstandingN/A
-
Share ClassR1
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
The Fund operates as a “target date fund” that invests according to an asset allocation strategy designed for investors having a retirement investment goal close to the year in the Fund’s name. The Fund is a fund of funds and invests in underlying funds of Principal Funds, Inc. (“PFI”). Its underlying funds consist of domestic and foreign equity funds, fixed-income funds, real asset funds, and other funds that aim to offer diversification beyond traditional equity and fixed-income securities. The asset class diversification of the Fund is designed to moderate overall price volatility. The Fund may add, remove, or substitute underlying funds at any time.
The Fund is managed with strategic or long-term asset class targets and target ranges. There is a rebalancing strategy that aligns with the target weights to identify asset classes that are either overweight or underweight. The Fund may shift asset class targets in response to normal evaluative processes, the shortening time horizon of the Fund, or changes in market forces or Fund circumstances.
In selecting underlying funds and target weights, Principal Global Investors, LLC (“PGI”), the Fund’s investment advisor, considers both quantitative measures (e.g., past performance, expected levels of risk and returns, expense levels, diversification, and style consistency) and qualitative factors (e.g., organizational stability, investment experience, investment and risk management processes, and information, trading, and compliance systems). There are no minimum or maximum percentages of assets that the Fund must invest in a specific asset class or underlying fund.
The underlying funds invest in growth and value stocks of small, medium, and large market capitalization companies, fixed-income securities, domestic and foreign (including those in emerging markets) securities, securities denominated in foreign currencies, investment companies (including index funds), and derivatives. A derivative is a financial arrangement, the value of which is derived from, or based on, a traditional security, asset, or market index. The underlying funds principally use equity index futures and options in order to gain exposure to a variety of securities or asset classes or attempt to reduce risk.
The Fund’s asset allocation will become more conservative over time as investment goals near (for example, retirement, which is assumed to begin at age 65) and investors become more risk-averse. Approximately 10 years after its target year, the Fund’s underlying fund allocation is expected to match that of the Principal LifeTime Strategic Income Fund. At that time, the Fund may be combined with the Principal LifeTime Strategic Income Fund if the Board of Directors determines that the combination is in the best interests of Fund shareholders. It is expected that at the target date in the Fund’s name, the shareholder will begin gradually withdrawing the account’s value.
PLTSX - Performance
Return Ranking - Trailing
Period | PLTSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.5% | 5.6% | 19.4% | N/A |
1 Yr | 18.0% | -9.4% | 3.7% | N/A |
3 Yr | N/A* | -6.2% | 5.1% | N/A |
5 Yr | N/A* | -4.1% | 2.5% | N/A |
10 Yr | N/A* | -2.9% | 7.4% | N/A |
* Annualized
Return Ranking - Calendar
Period | PLTSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -17.9% | -3.6% | N/A |
2022 | N/A | -12.3% | 18.5% | N/A |
2021 | N/A | -2.5% | 4.4% | N/A |
2020 | N/A | -15.0% | -0.3% | N/A |
2019 | N/A | -6.5% | 6.0% | N/A |
Total Return Ranking - Trailing
Period | PLTSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.5% | 5.6% | 19.4% | N/A |
1 Yr | 18.0% | -9.4% | 5.9% | N/A |
3 Yr | N/A* | -6.2% | 9.4% | N/A |
5 Yr | N/A* | -4.1% | 6.7% | N/A |
10 Yr | N/A* | -2.9% | 10.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PLTSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -17.9% | -0.9% | N/A |
2022 | N/A | -12.3% | 22.8% | N/A |
2021 | N/A | -1.4% | 8.9% | N/A |
2020 | N/A | -8.3% | 0.7% | N/A |
2019 | N/A | -5.5% | 7.9% | N/A |
NAV & Total Return History
PLTSX - Holdings
Concentration Analysis
PLTSX | Category Low | Category High | PLTSX % Rank | |
---|---|---|---|---|
Net Assets | 12.3 M | 10.8 M | 16.8 B | N/A |
Number of Holdings | 17 | 2 | 139 | N/A |
Net Assets in Top 10 | 13.1 M | 9.33 M | 16.3 B | N/A |
Weighting of Top 10 | 84.96% | 60.8% | 104.7% | N/A |
Top 10 Holdings
- Diversified International Fund 14.60%
- Blue Chip Fund 10.65%
- LargeCap Growth Fund I 10.41%
- LargeCap SP 500 Index Fund 9.92%
- LargeCap Value Fund III 9.32%
- Equity Income Fund 9.28%
- Overseas Fund 6.96%
- MidCap Value Fund I 6.12%
- MidCap Growth Fund III 4.24%
- Origin Emerging Markets Fund 3.45%
Asset Allocation
Weighting | Return Low | Return High | PLTSX % Rank | |
---|---|---|---|---|
Stocks | 99.95% | 16.13% | 98.33% | N/A |
Convertible Bonds | 0.07% | 0.00% | 1.49% | N/A |
Cash | 0.05% | -3.88% | 22.70% | N/A |
Preferred Stocks | 0.00% | 0.00% | 1.56% | N/A |
Other | 0.00% | -2.20% | 15.07% | N/A |
Bonds | 0.00% | 0.00% | 80.99% | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | PLTSX % Rank | |
---|---|---|---|---|
Financial Services | 3.97% | 0.44% | 16.26% | N/A |
Healthcare | 3.25% | 0.08% | 12.49% | N/A |
Industrials | 3.13% | 0.48% | 11.50% | N/A |
Technology | 3.07% | 0.04% | 19.63% | N/A |
Energy | 3.03% | 0.06% | 5.68% | N/A |
Consumer Cyclical | 2.86% | 0.08% | 13.65% | N/A |
Consumer Defense | 1.59% | 0.05% | 7.58% | N/A |
Real Estate | 1.51% | 0.36% | 9.50% | N/A |
Utilities | 1.24% | 0.02% | 2.98% | N/A |
Basic Materials | 1.12% | 0.18% | 4.89% | N/A |
Communication Services | 1.07% | -0.87% | 2.30% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PLTSX % Rank | |
---|---|---|---|---|
US | 99.95% | 6.79% | 63.66% | N/A |
Non US | 0.00% | 1.29% | 34.67% | N/A |
PLTSX - Expenses
Operational Fees
PLTSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 4.76% | 0.00% | 3.76% | N/A |
Management Fee | 0.00% | 0.00% | 0.77% | N/A |
12b-1 Fee | 1.00% | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
PLTSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.25% | 5.75% | N/A |
Deferred Load | 5.00% | 1.00% | 5.00% | N/A |
Trading Fees
PLTSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PLTSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 26.80% | 1.00% | 172.00% | N/A |
PLTSX - Distributions
Dividend Yield Analysis
PLTSX | Category Low | Category High | PLTSX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.43% | 0.00% | 0.13% | N/A |
Dividend Distribution Analysis
PLTSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Semi-Annually | Monthly | Monthly |
Net Income Ratio Analysis
PLTSX | Category Low | Category High | PLTSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.20% | -0.32% | 4.60% | N/A |
Capital Gain Distribution Analysis
PLTSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.167 | OrdinaryDividend |
Dec 20, 2023 | $0.003 | OrdinaryDividend |
Dec 31, 2014 | $0.113 | OrdinaryDividend |
Dec 31, 2013 | $0.094 | OrdinaryDividend |
Dec 31, 2012 | $0.156 | OrdinaryDividend |
Dec 30, 2011 | $0.170 | OrdinaryDividend |
Dec 31, 2010 | $0.220 | OrdinaryDividend |
Dec 31, 2009 | $0.286 | OrdinaryDividend |
Dec 31, 2008 | $0.377 | OrdinaryDividend |
Dec 31, 2007 | $0.422 | OrdinaryDividend |
Dec 29, 2006 | $0.311 | OrdinaryDividend |