PTBMX

About PTBMX

Principal LifeTime 2020 Fund R-3 Class is a target-date mutual fund designed for investors nearing or entering retirement around the year 2020. As a target-date portfolio, its primary objective is to balance long-term capital growth with current income by gradually transitioning its asset allocation to a more conservative mix as the target date approaches and passes. The fund achieves diversification by investing in a broad array of underlying Principal equity, fixed-income, and real asset funds, providing exposure to both domestic and international markets. This strategic allocation seeks to offer investors a blend of growth and income, aligning with the shifting risk tolerance and income needs typical of those in or near retirement. The fund’s role in the financial market centers on offering a professionally managed, diversified solution for retirement planning, leveraging asset allocation changes that automatically adjust over time to help manage risk. While offering annual dividends and following a preset glide path, the fund remains subject to market risks and expenses typical of mutual funds.