Principal LifeTime 2060 Fund Institutional Class is a target-date mutual fund designed for investors planning to retire around the year 2060. Its primary objective is to deliver total return through long-term capital growth and current income, achieved via a diversified asset allocation strategy that evolves as the target retirement year approaches. The fund allocates investments across a range of underlying Principal funds, encompassing domestic and international equities, fixed-income securities, and real assets. This approach aims to balance growth and risk, gradually shifting the portfolio toward more conservative holdings as 2060 nears to reflect a typical investor’s changing risk tolerance over time. A core offering in the target-date category, Principal LifeTime 2060 Fund Institutional Class serves as a comprehensive, professionally managed retirement solution. It facilitates automatic rebalancing and diversification, helping participants manage investment risk throughout their saving and retirement journey. The fund’s broad exposure to various asset classes underscores its role in retirement planning, supporting long-term accumulation and income needs for investors with a projected retirement horizon near 2060.
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