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Trending ETFs

Name

As of 06/17/2024

Price

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

$11.28

$802 M

2.50%

$0.28

0.52%

Vitals

YTD Return

6.2%

1 yr return

8.8%

3 Yr Avg Return

0.6%

5 Yr Avg Return

3.6%

Net Assets

$802 M

Holdings in Top 10

86.9%

52 WEEK LOW AND HIGH

$11.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.52%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 35.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/17/2024

Price

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

$11.28

$802 M

2.50%

$0.28

0.52%

PLSIX - Profile

Distributions

  • YTD Total Return 6.2%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.04%
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Principal LifeTime Strategic Income Fund
  • Fund Family Name
    Principal Funds
  • Inception Date
    Oct 31, 2003
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Fennessey

Fund Description

The Fund invests according to an asset allocation strategy designed for investors primarily seeking current income and secondarily capital appreciation. The Fund’s asset allocation is designed for investors who are approximately 10 years beyond the normal retirement age of 65. 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 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, the Fund 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 large market capitalization companies, fixed-income securities, domestic and foreign securities, securities denominated in foreign currencies, investment companies, securitized products, U.S. government and U.S. government-sponsored securities, 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 futures, options, swaps (including, for example, credit default, interest rate, and currency swaps), and forwards in order to gain exposure to a variety of securities or asset classes or attempt to reduce risk.
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PLSIX - Performance

Return Ranking - Trailing

Period PLSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -1.2% 8.5% 9.52%
1 Yr 8.8% 1.7% 11.8% 27.51%
3 Yr 0.6%* -6.4% 3.8% 35.11%
5 Yr 3.6%* -5.0% 5.4% 47.55%
10 Yr 3.6%* 1.6% 5.0% 42.86%

* Annualized

Return Ranking - Calendar

Period PLSIX Return Category Return Low Category Return High Rank in Category (%)
2023 8.1% -9.8% 12.8% 20.21%
2022 -17.4% -38.3% -3.8% 67.55%
2021 -3.2% -9.1% 10.3% 74.73%
2020 6.1% -13.4% 12.6% 33.94%
2019 6.9% -1.1% 13.9% 79.14%

Total Return Ranking - Trailing

Period PLSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -1.2% 8.5% 9.52%
1 Yr 8.8% 1.7% 11.8% 27.51%
3 Yr 0.6%* -6.4% 3.8% 35.11%
5 Yr 3.6%* -5.0% 5.4% 47.55%
10 Yr 3.6%* 1.6% 5.0% 42.86%

* Annualized

Total Return Ranking - Calendar

Period PLSIX Return Category Return Low Category Return High Rank in Category (%)
2023 14.1% -9.8% 15.4% 6.91%
2022 -10.6% -16.9% -2.9% 27.66%
2021 6.6% -3.8% 10.3% 38.71%
2020 13.1% -13.4% 16.6% 7.88%
2019 16.3% 4.7% 25.2% 10.79%

NAV & Total Return History


PLSIX - Holdings

Concentration Analysis

PLSIX Category Low Category High PLSIX % Rank
Net Assets 802 M 1.15 M 36 B 24.87%
Number of Holdings 19 2 1464 59.79%
Net Assets in Top 10 697 M 826 K 36.2 B 17.46%
Weighting of Top 10 86.86% 4.5% 109.1% 43.65%

Top 10 Holdings

  1. Core Fixed Income Fund 33.46%
  2. Short-Term Income Fund 16.85%
  3. High Income Fund 6.75%
  4. Inflation Protection Fund 6.09%
  5. Diversified International Fund 5.15%
  6. Blue Chip Fund 4.00%
  7. LargeCap Growth Fund I 3.89%
  8. LargeCap SP 500 Index Fund 3.67%
  9. LargeCap Value Fund III 3.52%
  10. Equity Income Fund 3.47%

Asset Allocation

Weighting Return Low Return High PLSIX % Rank
Stocks
99.87% 0.00% 100.78% 17.46%
Convertible Bonds
0.52% 0.00% 6.56% 69.84%
Cash
0.13% -24.70% 53.61% 84.13%
Preferred Stocks
0.00% 0.00% 11.70% 84.66%
Other
0.00% 0.00% 5.62% 85.71%
Bonds
0.00% 0.00% 109.30% 93.65%

Stock Sector Breakdown

Weighting Return Low Return High PLSIX % Rank
Financial Services
16.86% 11.53% 20.26% 23.68%
Technology
16.63% 16.20% 25.61% 94.08%
Industrials
12.84% 7.75% 12.84% 3.95%
Healthcare
11.49% 6.38% 14.87% 65.79%
Consumer Cyclical
10.21% 4.61% 13.00% 75.00%
Communication Services
6.42% 4.20% 8.42% 71.71%
Consumer Defense
5.97% 4.27% 8.57% 69.74%
Energy
5.73% 2.88% 13.48% 15.79%
Real Estate
5.22% 1.86% 19.30% 46.05%
Basic Materials
4.91% 2.71% 8.17% 39.47%
Utilities
3.71% 1.85% 8.79% 11.84%

Stock Geographic Breakdown

Weighting Return Low Return High PLSIX % Rank
US
99.87% 0.00% 100.78% 17.46%
Non US
0.00% 0.00% 17.40% 85.19%

PLSIX - Expenses

Operational Fees

PLSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.05% 13.37% 52.66%
Management Fee 0.00% 0.00% 0.79% 22.03%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

PLSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PLSIX 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.

PLSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 0.00% 121.26% 64.15%

PLSIX - Distributions

Dividend Yield Analysis

PLSIX Category Low Category High PLSIX % Rank
Dividend Yield 2.50% 0.00% 9.37% 69.84%

Dividend Distribution Analysis

PLSIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Quarterly

Net Income Ratio Analysis

PLSIX Category Low Category High PLSIX % Rank
Net Income Ratio 2.04% -0.06% 5.71% 31.64%

Capital Gain Distribution Analysis

PLSIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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PLSIX - Fund Manager Analysis

Managers

James Fennessey


Start Date

Tenure

Tenure Rank

Jun 01, 2007

15.01

15.0%

Mr. Fennessey, CFA, Vice President of Principal Management Corporation. Mr. Fennessey joined the Principal Financial Group in 2000. He is the Head of the Manager Research Team that is responsible for analyzing, interpreting and coordinating investment performance data and evaluation of the investment managers under the due diligence program that monitors investment managers used by the Principal Funds and is a member of the Principal Funds Investment Committee. Fennessey earned a B.S. in Business Administration, with an emphasis in Finance, and a minor in Economics from Truman State University. He has earned the right to use the Chartered Financial Analyst designation.

Randy Welch


Start Date

Tenure

Tenure Rank

Jun 01, 2007

15.01

15.0%

Mr. Welch is a Vice President of Principal Management Corporation. Mr. Welch joined the Principal Financial Group in 1989 and oversees the functions of the Investment Services group, which includes investment manager research, investment consulting, performance analysis, and investment communication. He is also responsible for the due diligence program that monitors investment managers used by the Principal Funds. Mr. Welch is an affiliate member of the Chartered Financial Analysts (CFA) Institute. Mr. Welch earned a B.A. in Business/ Finance from Grand View College and an M.B.A. from Drake University.

Scott Smith


Start Date

Tenure

Tenure Rank

May 02, 2017

5.08

5.1%

Mr. Smith is a research analyst and portfolio manager at Principal Global Investors. He is an analyst within the firm's asset allocation and structured investments group. He also provides research assistance to various business units within Principal Global Investors. He joined the firm in 1999.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.59 6.47 3.75