LTFDX

About LTFDX

Principal LifeTime 2055 Fund R-3 Class is a target-date mutual fund designed to support long-term retirement planning for individuals anticipating retirement around the year 2055. The fund's core objective is to deliver a total return combining long-term capital growth and current income. It accomplishes this through a diversified asset allocation strategy, primarily investing in an array of underlying Principal Funds. These underlying investments span domestic and international equities, fixed-income securities, and real asset funds, enabling broad diversification and risk dispersion. One defining feature is its dynamic glide path: as the target retirement year approaches, the portfolio gradually shifts from a growth-oriented allocation dominated by equities toward a more conservative blend with increased exposure to fixed-income investments, aiming to reduce risk near and during retirement. This approach helps manage risk progressively as investors near their retirement horizon. The fund is professionally managed by an experienced team that routinely rebalances the portfolio in accordance with evolving market conditions and its preset allocation strategy. Principal LifeTime 2055 Fund R-3 Class plays a vital role within defined contribution and retirement accounts, offering a streamlined, all-in-one solution for individuals seeking a managed pathway to retirement with ongoing asset allocation adjustments over time.