LTAPX

About LTAPX

Principal LifeTime 2015 Fund Class R-3 is a target-date mutual fund designed primarily for investors aiming for retirement around the year 2015. As a target-date fund, it follows a dynamic asset allocation strategy—gradually shifting from a higher concentration of growth-oriented securities, such as domestic and international equities, toward more conservative, income-focused holdings like fixed-income and real asset funds as the designated target year approaches and passes. The fund achieves diversification and risk management by investing across a broad spectrum of underlying Principal Funds, which span multiple asset classes, including equities, bonds, and inflation-protected securities. This approach aims to balance long-term capital appreciation with current income to meet the evolving risk and income needs of investors as they transition through retirement. Principal LifeTime 2015 Fund Class R-3 plays a key role within retirement planning products, particularly for employer-sponsored retirement accounts, by providing a professionally managed, age-appropriate investment option that automatically adjusts its risk profile over time.