PTDIX: Principal LifeTime 2040 Institutional

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

PTDIX Principal LifeTime 2040 Institutional


Profile

PTDIX - Profile

Vitals

  • YTD Return -17.5%
  • 3 Yr Annualized Return -4.4%
  • 5 Yr Annualized Return -3.6%
  • Net Assets $3.19 B
  • Holdings in Top 10 81.5%

52 WEEK LOW AND HIGH

$12.71
$11.12
$16.39

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.01%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 14.60%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2040

Distributions

  • YTD Total Return -17.5%
  • 3 Yr Annualized Total Return -4.4%
  • 5 Yr Annualized Total Return -3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.25%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Principal LifeTime 2040 Fund
  • Fund Family Name
    Principal Funds
  • Inception Date
    Mar 01, 2001
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Randy Welch

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 2040. It 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.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

PTDIX - Performance

Return Ranking - Trailing

Period PTDIX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.5% -22.9% 1.0% 86.18%
1 Yr -15.4% -23.4% 13.9% 79.98%
3 Yr -4.4%* -21.6% 7.4% 59.93%
5 Yr -3.6%* -14.1% 5.0% 67.71%
10 Yr 1.5%* -5.6% 8.8% 34.25%

* Annualized

Return Ranking - Calendar

Period PTDIX Return Category Return Low Category Return High Rank in Category (%)
2019 16.4% -1.8% 25.1% 16.60%
2018 -15.7% -30.8% -0.6% 78.02%
2017 13.8% -36.9% 18.2% 20.04%
2016 0.6% -5.2% 8.1% 87.77%
2015 -7.0% -20.8% -1.4% 62.03%

Total Return Ranking - Trailing

Period PTDIX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.5% -22.9% 1.0% 86.18%
1 Yr -15.4% -23.4% 13.9% 79.98%
3 Yr -4.4%* -21.6% 7.4% 83.06%
5 Yr -3.6%* -14.1% 5.5% 90.60%
10 Yr 1.5%* -5.6% 8.8% 82.25%

* Annualized

Total Return Ranking - Calendar

Period PTDIX Return Category Return Low Category Return High Rank in Category (%)
2019 16.4% -1.8% 25.1% 16.60%
2018 -15.7% -25.4% 1.3% 89.37%
2017 13.8% -36.9% 24.6% 48.80%
2016 0.6% -3.2% 12.3% 95.21%
2015 -7.0% -20.6% 2.9% 91.55%

NAV & Total Return History


Holdings

PTDIX - Holdings

Concentration Analysis

PTDIX Category Low Category High PTDIX % Rank
Net Assets 3.19 B 103 K 28.6 B 11.33%
Number of Holdings 18 1 510 61.99%
Net Assets in Top 10 3.01 B 0 23.7 B 11.00%
Weighting of Top 10 81.46% 0.0% 100.0% 49.51%

Top 10 Holdings

  1. Principal Large Cap S&P 500 Index Inst 12.15%
  2. Principal Core Fixed Income R6 11.83%
  3. Principal Diversified International R-6 10.20%
  4. Principal LargeCap Growth I R6 9.70%
  5. Principal Overseas Instl 9.57%
  6. Principal Large Cap Value III Inst 8.49%
  7. Principal Bond Market Index Instl 6.22%
  8. Principal MidCap Growth III Inst 5.31%
  9. Principal MidCap Value I R-6 4.47%
  10. Principal Blue Chip R-6 3.52%

Asset Allocation

Weighting Return Low Return High PTDIX % Rank
Stocks
77.48% 0.00% 79.79% 7.60%
Bonds
20.44% -156.19% 76.39% 86.49%
Cash
1.91% -16.39% 187.11% 80.14%
Convertible Bonds
0.08% 0.00% 6.01% 95.53%
Preferred Stocks
0.06% 0.00% 35.17% 38.82%
Other
0.04% -4.62% 54.35% 43.47%

Stock Sector Breakdown

Weighting Return Low Return High PTDIX % Rank
Financial Services
16.77% 3.80% 22.24% 45.09%
Technology
16.01% 3.36% 19.76% 45.72%
Industrials
12.66% 1.74% 13.49% 7.56%
Healthcare
11.50% 1.80% 18.37% 76.15%
Consumer Cyclical
10.55% 2.04% 12.01% 29.43%
Communication Services
7.69% 0.38% 16.02% 62.02%
Consumer Defense
6.53% 1.11% 18.22% 90.64%
Real Estate
6.26% 0.46% 20.40% 43.65%
Energy
4.62% 0.98% 9.60% 32.40%
Basic Materials
4.09% 0.30% 6.31% 46.98%
Utilities
3.31% 0.00% 5.02% 48.15%

Stock Geographic Breakdown

Weighting Return Low Return High PTDIX % Rank
US
50.88% 0.00% 56.63% 4.47%
Non US
26.60% 0.00% 41.99% 21.11%

Bond Sector Breakdown

Weighting Return Low Return High PTDIX % Rank
Corporate
47.47% 0.00% 99.65% 3.85%
Government
21.02% -2.84% 59.34% 94.63%
Securitized
19.33% 0.00% 38.00% 43.56%
Cash & Equivalents
12.02% 0.04% 187.10% 46.24%
Municipal
0.16% 0.00% 3.47% 69.23%
Derivative
0.00% -170.75% 25.50% 78.80%

Bond Geographic Breakdown

Weighting Return Low Return High PTDIX % Rank
US
19.21% -189.52% 69.47% 80.59%
Non US
1.23% -33.97% 33.33% 93.65%

Expenses

PTDIX - Expenses

Operational Fees

PTDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.01% 0.01% 108.96% 99.63%
Management Fee 0.00% 0.00% 1.05% 9.56%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

PTDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

PTDIX 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.

PTDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.60% 1.00% 150.00% 10.13%

Distributions

PTDIX - Distributions

Dividend Yield Analysis

PTDIX Category Low Category High PTDIX % Rank
Dividend Yield 0.00% 0.00% 5.67% 41.12%

Dividend Distribution Analysis

PTDIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

PTDIX Category Low Category High PTDIX % Rank
Net Income Ratio 2.25% -0.67% 7.08% 34.67%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PTDIX - Fund Manager Analysis

Managers

Randy Welch


Start Date

Tenure

Tenure Rank

May 29, 2007

12.85

12.9%

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.

James Fennessey


Start Date

Tenure

Tenure Rank

May 29, 2007

12.85

12.9%

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.

Scott Smith


Start Date

Tenure

Tenure Rank

May 02, 2017

2.92

2.9%

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
0.09 15.42 5.15 1.58