Principal LifeTime 2040 R5
- PTDPX
- Price as of: Feb 25, 2021
-
$17.56
N/A N/A
- Primary Theme
- Target-Date 2040
- Fund Company
- Principal Funds
- Share Class
PTDPX - Snapshot
Vitals
- YTD Return 2.7%
- 3 Yr Annualized Return 7.9%
- 5 Yr Annualized Return 11.9%
- Net Assets $4.23 B
- Holdings in Top 10 84.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.26%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 32.80%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA N/A
Fund Classification
-
Primary Theme
Target-Date 2040
- Fund Type Open End Mutual Fund
- Investment Style Target-Date 2040
PTDPX - Profile
Distributions
- YTD Total Return 2.7%
- 3 Yr Annualized Total Return 7.9%
- 5 Yr Annualized Total Return 11.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.80%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NamePrincipal LifeTime 2040 Fund
-
Fund Family NamePrincipal Funds
-
Inception DateMar 01, 2001
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRandy 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.
PTDPX - Performance
Return Ranking - Trailing
Period | PTDPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.7% | 0.3% | 4.6% | 49.77% |
1 Yr | 15.3% | 7.4% | 21.4% | 45.45% |
3 Yr | 7.9%* | 4.4% | 9.7% | 42.42% |
5 Yr | 11.9%* | 9.2% | 14.0% | 57.95% |
10 Yr | 8.9%* | 7.0% | 10.9% | 54.55% |
* Annualized
Return Ranking - Calendar
Period | PTDPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 9.3% | 1.3% | 14.9% | 72.95% |
2019 | 16.4% | 4.1% | 22.6% | 64.68% |
2018 | -15.7% | -23.1% | -6.9% | 60.67% |
2017 | 13.7% | -15.1% | 18.8% | 64.46% |
2016 | 0.6% | -0.2% | 8.2% | 91.67% |
Total Return Ranking - Trailing
Period | PTDPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.7% | 0.3% | 4.6% | 49.77% |
1 Yr | 15.3% | 3.5% | 21.4% | 41.47% |
3 Yr | 7.9%* | 2.3% | 9.7% | 38.27% |
5 Yr | 11.9%* | 7.9% | 14.0% | 54.60% |
10 Yr | 8.9%* | 7.0% | 10.9% | 52.10% |
* Annualized
Total Return Ranking - Calendar
Period | PTDPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 9.3% | 1.3% | 14.9% | 72.95% |
2019 | 16.4% | 4.1% | 22.6% | 64.68% |
2018 | -15.7% | -23.1% | -5.5% | 76.40% |
2017 | 13.7% | -15.1% | 26.3% | 84.94% |
2016 | 0.6% | -0.1% | 10.6% | 92.36% |
NAV & Total Return History
PTDPX - Holdings
Concentration Analysis
PTDPX | Category Low | Category High | PTDPX % Rank | |
---|---|---|---|---|
Net Assets | 4.23 B | 150 K | 35.9 B | 23.32% |
Number of Holdings | 17 | 1 | 532 | 59.19% |
Net Assets in Top 10 | 3.56 B | 123 K | 35.6 B | 23.32% |
Weighting of Top 10 | 84.16% | 38.5% | 100.0% | 48.78% |
Top 10 Holdings
- Principal Core Fixed Income R6 15.45%
- Principal Diversified International R-6 12.80%
- Principal Overseas Instl 8.25%
- Principal LargeCap Growth I R6 8.17%
- Principal Blue Chip R-6 8.03%
- Principal Large Cap S&P 500 Index Inst 8.03%
- Principal Equity Income Inst 7.84%
- Principal Large Cap Value III Inst 7.83%
- Principal MidCap Growth III Inst 3.93%
- Principal Origin Emerging Markets R6 3.84%
Asset Allocation
Weighting | Return Low | Return High | PTDPX % Rank | |
---|---|---|---|---|
Stocks | 80.28% | 40.22% | 90.66% | 60.99% |
Bonds | 17.31% | 2.04% | 83.47% | 34.53% |
Cash | 2.06% | -61.88% | 9.18% | 59.19% |
Other | 0.16% | -0.25% | 39.58% | 43.95% |
Preferred Stocks | 0.15% | 0.00% | 0.79% | 33.18% |
Convertible Bonds | 0.03% | 0.00% | 0.90% | 98.21% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PTDPX % Rank | |
---|---|---|---|---|
Technology | 18.69% | 12.61% | 22.09% | 72.20% |
Financial Services | 16.19% | 11.46% | 17.43% | 18.39% |
Industrials | 12.46% | 9.05% | 14.81% | 12.11% |
Consumer Cyclical | 11.75% | 9.41% | 14.19% | 66.82% |
Healthcare | 10.86% | 10.09% | 17.02% | 93.72% |
Communication Services | 8.52% | 6.69% | 11.10% | 59.64% |
Real Estate | 5.76% | 1.82% | 9.05% | 34.08% |
Consumer Defense | 5.56% | 5.05% | 12.19% | 94.17% |
Basic Materials | 4.52% | 2.53% | 7.40% | 45.74% |
Energy | 2.90% | 1.62% | 3.65% | 40.36% |
Utilities | 2.79% | 0.61% | 4.51% | 47.09% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PTDPX % Rank | |
---|---|---|---|---|
US | 50.61% | 9.47% | 65.08% | 51.12% |
Non US | 29.67% | 11.75% | 44.82% | 55.16% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PTDPX % Rank | |
---|---|---|---|---|
Corporate | 56.76% | 0.10% | 57.41% | 5.38% |
Securitized | 17.27% | 0.00% | 31.10% | 54.26% |
Cash & Equivalents | 14.18% | 0.36% | 49.23% | 71.75% |
Government | 11.76% | 9.62% | 62.08% | 91.03% |
Derivative | 0.03% | 0.00% | 27.44% | 56.05% |
Municipal | 0.00% | 0.00% | 16.40% | 94.17% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PTDPX % Rank | |
---|---|---|---|---|
US | 16.62% | 0.58% | 44.89% | 30.04% |
Non US | 0.69% | -12.37% | 38.58% | 93.72% |
PTDPX - Expenses
Operational Fees
PTDPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.26% | 0.01% | 12.08% | 81.09% |
Management Fee | 0.00% | 0.00% | 0.88% | 13.64% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.01% | 0.01% | 0.30% | 1.96% |
Sales Fees
PTDPX 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
PTDPX 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.
PTDPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 32.80% | 2.00% | 101.00% | 57.21% |
PTDPX - Distributions
Dividend Yield Analysis
PTDPX | Category Low | Category High | PTDPX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 0.15% | 60.54% |
Dividend Distribution Analysis
PTDPX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
PTDPX | Category Low | Category High | PTDPX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.80% | 0.18% | 6.53% | 49.76% |
Capital Gain Distribution Analysis
PTDPX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Dividend Payout History
Date | Amount |
---|---|
Dec 31, 2018 | $0.281 |
Dec 29, 2017 | $0.317 |
Dec 30, 2016 | $0.174 |
Dec 31, 2015 | $0.166 |
Dec 31, 2014 | $0.376 |
Dec 31, 2013 | $0.244 |
Dec 31, 2012 | $0.243 |
Dec 30, 2011 | $0.211 |
Dec 31, 2010 | $0.170 |
Dec 31, 2009 | $0.202 |
Dec 31, 2008 | $0.182 |
Dec 31, 2007 | $0.404 |
Dec 29, 2006 | $0.327 |
Dec 27, 2004 | $0.189 |
Dec 26, 2003 | $0.121 |
Dec 27, 2002 | $0.069 |
PTDPX - Fund Manager Analysis
Managers
Randy Welch
Start Date
Tenure
Tenure Rank
May 29, 2007
13.69
13.7%
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
13.69
13.7%
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
3.75
3.8%
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 | 16.26 | 5.01 | 1.08 |