PPEAX

About PPEAX

Principal LifeTime 2050 Fund Class A is a target-date mutual fund designed primarily for individuals planning to retire around the year 2050. Its primary objective is to provide a total return comprising long-term capital growth and current income. The fund employs a fund-of-funds approach by investing in a diversified mix of underlying Principal Exchange-Traded Funds and Principal mutual funds. These underlying holdings span domestic and international equities, fixed-income assets, and real assets, offering broad diversification across sectors and asset classes to help manage risk over time. A key feature of this fund is its "glide path"—the asset allocation gradually shifts from higher equity exposure towards fixed income and more conservative assets as the target date approaches. This progressive adjustment aims to reduce portfolio risk as investors near retirement. The fund is benchmarked to the S&P Target Date 2050 Index, reflecting its focus on both growth and risk management in alignment with projected retirement needs. With its diversified approach and lifecycle-based allocation, the Principal LifeTime 2050 Fund Class A plays a significant role in retirement planning by helping investors align investments with expected retirement timelines.