Principal LifeTime Strategic Income Fund R-3 Class is a mutual fund designed to meet the needs of investors who are in or approaching retirement. As a target-date retirement fund, it primarily seeks to provide current income, with capital appreciation as a secondary objective. The fund operates as a fund of funds, allocating its assets across a diversified selection of underlying Principal Funds and Principal Exchange-Traded Funds (ETFs). These underlying funds encompass a broad mix of domestic and international equities, fixed-income instruments, and real assets, ensuring exposure to multiple sectors and asset classes as part of a strategy intended for conservative income generation later in life. The fund regularly adjusts its allocations to maintain a portfolio suitable for individuals approximately ten years past normal retirement age, favoring more conservative investments as participants age. Notably, its largest holdings are in core fixed-income and short-term income funds, complemented by allocations to equity and inflation-protection funds. Managed by a team of experienced professionals, the fund plays a significant role in retirement planning by offering a balance of income and risk management to those focused on asset preservation during their retirement years.
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