PLTCX

About PLTCX

Principal LifeTime 2060 Fund Class R-3 is a target-date mutual fund designed for individuals aiming to retire around the year 2060. The fund pursues a total return through long-term capital growth and current income, employing a diversified asset allocation strategy that gradually becomes more conservative as the target date approaches. By primarily investing in a blend of underlying Principal mutual funds and exchange-traded funds, it offers broad exposure to domestic and international equities, fixed-income securities, real asset funds, and other asset classes. This structure provides investors access to global markets while balancing risk as retirement nears. Serving as a vehicle often used in workplace retirement plans, the Principal LifeTime 2060 Fund Class R-3 helps investors simplify the retirement planning process by automatically rebalancing its portfolio to align with a glide path designed for long-term retirement goals. The fund’s diversified, "fund-of-funds" approach aims to mitigate risks associated with individual asset classes and provide an efficient, professionally managed solution for long-term savers.