PHJFX

About PHJFX

Principal LifeTime Hybrid Income Fund Class J is a multi-asset target‑date retirement income fund designed for investors roughly ten years beyond the typical retirement age. Its primary objective is to provide current income, with capital appreciation as a secondary goal. The fund operates as a fund‑of‑funds, allocating across underlying Principal index and active strategies spanning U.S. and international equities, core and short‑term fixed income, high yield, inflation‑protected securities, and real assets to maintain diversified exposure while emphasizing income generation and capital preservation. The glide path is managed to a conservative mix appropriate for post‑retirement spending needs, with periodic rebalancing intended to control risk as markets evolve. The fund is benchmarked to an income‑stage target‑date index and assumes gradual withdrawals during retirement, without guarantees of principal. Its role in the market is to serve as an all‑in‑one, professionally managed solution for retirees seeking steady distributions and broad diversification beyond traditional stocks and bonds within a single vehicle, leveraging Principal’s investment platform and underlying fund lineup.