PHJJX

About PHJJX

Principal LifeTime Hybrid 2035 Fund Class J is a target-date mutual fund designed to support investors aiming for retirement around the year 2035. As a fund of funds, it primarily invests in a diverse mix of underlying Principal Funds, including domestic and international equities, fixed income, and real assets. Its main purpose is to balance long-term capital growth with current income by dynamically adjusting its asset allocation over time—gradually shifting from growth-oriented assets to more conservative fixed-income holdings as the target retirement date approaches. Noteworthy features of this fund include its significant exposure to large-cap U.S. equities, core bond indices, and international markets, providing broad global diversification. The fund is managed by an experienced team and seeks to closely mirror the asset allocation strategy of the S&P Target Date 2035 Index. In the broader market context, Principal LifeTime Hybrid 2035 Fund Class J plays a crucial role for investors seeking an all-in-one retirement portfolio solution that automatically evolves its risk profile in line with participants' projected retirement timelines.