PTDMX

About PTDMX

Principal LifeTime 2040 Fund is a target-date mutual fund designed primarily for individuals planning to retire around the year 2040. Its central function is to provide a diversified investment solution that automatically adjusts its asset allocation over time, balancing the pursuit of long-term capital growth with the need for income as the target retirement date approaches. The fund achieves this by serving as a fund of funds, allocating assets among a curated mix of domestic and international equity funds, fixed-income securities, and real asset investments, all managed within the Principal Funds family. Notable for its dynamic glide path, the fund gradually shifts from higher equity exposure in earlier years to a more conservative, income-focused mix as 2040 nears. This approach offers broad market exposure and risk management for individuals seeking a simplified, professionally managed retirement investment. Established in 2001, Principal LifeTime 2040 Fund has become a significant player in the target-date category, managing billions in assets and providing flexibility and diversification for retirement-focused investors.