PLTAX

About PLTAX

Principal LifeTime 2060 Fund Class J is a target-date mutual fund designed for investors with a retirement horizon around the year 2060. This fund's primary objective is to deliver a total return through a combination of long-term capital growth and current income. It accomplishes this by employing a dynamic asset allocation strategy, shifting its investments from higher-growth assets—such as domestic and international equities—toward more conservative holdings like fixed-income securities and real assets as it moves closer to its target date. The fund operates as a fund of funds, meaning it invests in a selection of underlying Principal Funds, Inc. portfolios, providing broad diversification across various asset classes. The asset mix is periodically adjusted to gradually reduce risk, aligning with the anticipated decreasing risk tolerance as investors near retirement. The fund continues to rebalance for about ten years beyond 2060 before settling at its most conservative allocation. Notably, neither the principal nor the returns are guaranteed. Principal LifeTime 2060 Fund Class J plays a significant role in the retirement planning landscape, offering a set-and-forget investment approach that adapts to the changing needs of long-term savers.