Principal LifeTime Hybrid 2055 Fund R-6 is a target-date mutual fund developed for investors seeking to align their retirement savings goals with an anticipated retirement year close to 2055. As a fund of funds, it strategically allocates capital across a variety of underlying Principal Exchange-Traded Funds and Principal Funds, Inc., with a majority held in index funds. The fund’s asset allocation starts with a growth-oriented mix of equities and, as the target date approaches, gradually transitions to a more conservative blend, increasing fixed income and similar assets. This dynamic glide path is designed to balance growth potential with risk management as investors near and enter retirement. The fund serves as a comprehensive solution for long-term retirement investors, offering annual dividends and automatic rebalancing as part of its structure. While the fund aims for long-term capital appreciation and current income, neither the principal nor returns are guaranteed at any time. Managed by Principal Global Investors, the fund plays a significant role in retirement planning by simplifying investment decisions for participants in workplace and individual retirement plans through a professionally managed, age-appropriate asset allocation strategy.
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