PHJYX

About PHJYX

Principal LifeTime Hybrid 2045 Fund Class J is a mutual fund structured as a target date fund, with an investment strategy designed for individuals aiming to retire around the year 2045. Its primary objective is to achieve a total return that combines long-term capital growth and current income. The fund accomplishes this by investing in a diversified selection of underlying Principal-managed funds, encompassing domestic and international equities, fixed income, real assets, and alternative investments. This broad exposure seeks to balance growth potential with income generation, gradually shifting its asset allocation to become more conservative as the 2045 target date approaches. Notable characteristics include a semi-annual dividend payout and a moderate expense ratio, making it suitable for investors pursuing an all-in-one retirement solution. As part of the broader landscape of target date funds, the Principal LifeTime Hybrid 2045 Fund Class J plays a significant role in retirement planning, offering an automated, professionally managed approach to asset allocation and risk management over an investor’s lifecycle.