Principal LifeTime 2050 Fund R-5 Class is a target date mutual fund designed to support investors planning to retire around the year 2050. Its core objective is to deliver a total return focused on long-term capital growth coupled with current income. The fund employs a dynamic asset allocation approach, initially allocating more heavily toward equities to pursue growth and gradually shifting toward fixed income and other more conservative investments as the target retirement date approaches. This adjustment, known as the glidepath, aims to reduce portfolio risk as participants near retirement age. As a fund of funds, Principal LifeTime 2050 Fund R-5 Class invests in a diversified mix of underlying Principal Funds spanning domestic and international equities, fixed-income securities, and real assets, offering broad diversification across geographies and sectors. The fund's structure is intended to simplify retirement investing by automatically adjusting its risk profile over time, making it a popular option in employer-sponsored retirement plans and for individual long-term investors seeking a hands-off approach to retirement planning. While the fund’s asset allocation is tailored for retirement at 2050, it does not guarantee income or principal and remains subject to market risks throughout the investment horizon.
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