PHJBX

About PHJBX

Principal LifeTime Hybrid 2055 Fund Class J is a target date mutual fund designed for individuals planning to retire around the year 2055. Its primary purpose is to provide a diversified investment solution that seeks a total return through long-term capital growth and current income. The fund achieves this by allocating assets among a mix of underlying Principal Exchange-Traded Funds (ETFs) and Principal Funds, Inc. mutual funds, primarily through index funds. The allocation strategy automatically adjusts over time, becoming increasingly conservative as the target date approaches, which helps manage risk for investors nearing retirement. Initially, the fund emphasizes growth assets like equities and then gradually increases exposure to more conservative investments such as bonds as the retirement date nears. This glide path extends about ten years beyond the target date, acknowledging that withdrawals often occur gradually through retirement. The Principal LifeTime Hybrid 2055 Fund Class J plays a significant role in retirement planning, offering a hands-off, age-appropriate investment approach for long-term investors, particularly within employer-sponsored retirement plans and individual retirement accounts. The fund is managed by Principal Global Investors and is not guaranteed in value at any time, including the target date.