Principal LifeTime 2070 Fund Institutional Class is a target-date mutual fund designed primarily for investors planning to retire near the year 2070. Its main objective is to deliver a total return through long-term capital growth and current income. The fund employs an asset allocation strategy that gradually becomes more conservative as it approaches its target date, shifting from higher allocations in equities toward greater exposure to fixed-income and more stable assets over time. As a fund of funds, it invests chiefly in a diversified mix of underlying Principal Exchange-Traded Funds and mutual funds, spanning domestic and international equities, fixed income, and real assets. Notable holdings emphasize large-cap U.S. stocks, international equities, and a prudent allocation to fixed income, aiming to provide broad market exposure and risk diversification. The fund's dynamic portfolio management is guided by experienced professionals and is periodically rebalanced to align with its long-term investment horizon. Positioned within the Target-Date 2065+ Morningstar category, the Principal LifeTime 2070 Fund Institutional Class serves as a strategic retirement solution for individuals seeking a professionally managed, age-appropriate investment pathway toward retirement.
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