Morningstar® Investment Profile™   Morningstar®
Disclosure
  Format
for Print
Principal LifeTime 2025 R4  LTEEX
Release date as of 2024-09-30. Data on page is subject to change.
Snapshot Total Returns Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-09-30
Out of 197
Target-Date 2025 Funds
Morningstar®
Style Box™
What is this?
As of 2024-09-30
As of 2024-08-31
Total Fund Assets ($ Mil)
1,609.56
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks a total return consisting of long-term growth of capital and current income.
The fund operates as a "target date fund" that invests according to an asset allocation strategy designed for investors having a retirement investment goal close to the year in 2025. It is a fund of funds and invests in underlying funds of Principal Funds, Inc. ("PFI"). Its underlying funds consist of domestic and foreign equity funds, fixed-income funds, real asset funds, and other funds that aim to offer diversification beyond traditional equity and fixed-income securities.
  Morningstar Category: Target-Date 2025
Target-date portfolios provide diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 2021-2025) for retirement. These portfolios aim to provide investors with an optimal level of return and risk, based solely on the target date. Management adjusts the allocation among asset classes to more-conservative mixes as the target date approaches, following a preset glide path. A target-date portfolio is part of a series of funds offering multiple retirement dates to investors. 
  Target Asset Allocation
Glide Path
Allocation
Bonds
US Stocks
Non-US Stocks
Cash
Other
Years Until Retirement
  Performance
Growth of $10,000
(from 2014-01-01 to 2024-09-30)
Investment: Principal LifeTime 2025 R4
Benchmark 1: Morningstar Mod Tgt Risk TR USD
Benchmark 2: Morningstar Lifetime Mod 2025 TR USD
Category: Target-Date 2025
This graph presents historical performance for the investment as well as an index and/or peer group. If the investment, index and/or peer group have performed similarly, the line representing the fund will overlay the index and/or peer group. Therefore, the line(s) representing the index and/or peer group history may be hidden.
Total Annualized Returns %
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Investment 9.93 19.51 2.83 6.60 6.12 5.70
Morningstar Mod Tgt Risk TR USD 11.45 22.04 3.61 7.07 6.49 ---
Morningstar Lifetime Mod 2025 TR USD 10.50 20.94 2.01 5.96 6.00 ---
Category 10.57 20.11 3.01 6.43 6.14 5.45
Morningstar Rating --- --- ---
# of compared Target-Date 2025 funds covered (3 yrs : out of 197 funds) (5 yrs : out of 173 funds) (10 yrs : out of 114 funds)
Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods.
Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.
Fees and Expenses
Total Annual Operating Expense 0.94%
Prospectus Net Expense Ratio 0.94%
Maximum Sales Charge ---
The total annual operating expense shown is before management fee waivers or expense caps. For more information on waivers/reimbursements, please see the prospectus. The total annual operating expense is also referred to as the prospectus gross expense ratio.
Waiver Data
Type Date %
--- --- --- ---
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 32.1
Bullet Non-U.S. Stocks Non-U.S. Stocks 15.1
Bullet Bonds Bonds 49.0
Bullet Cash Cash 3.5
Bullet Other Other 0.3
Asset Allocation Rescaled Graph
Data through 2024-09-30
Morningstar Equity Sectors
% of Stocks
Cyclical 37.33
Basic Materials 3.78
Consumer Cyclical 11.19
Financial Services 18.66
Real Estate 3.70
Sensitive 43.66
Communication Services 7.02
Energy 4.25
Industrials 12.14
Technology 20.25
Defensive 19.00
Consumer Defensive 4.71
Healthcare 11.27
Utilities 3.02
Data through 2024-09-30
Morningstar Fixed-Income Sectors
% Fund
Government 28.29
Corporate 42.31
Securitized 22.93
Municipal 0.00
Cash & Equivalents 5.98
Derivative 0.49
Data through 2024-09-30
Credit Analysis
% Bonds
AAA 49.56
AA 1.79
A 15.42
BBB 21.65
BB 3.55
B 4.96
Below B 1.51
Not Rated 1.57
Data through 2024-08-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 0
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 87.15
Turnover % (as of 2023-10-31) 14.40
30 Day SEC Yield % ---
Top Holdings
Sector Country Maturity Date Market Value ($000) % of Net Assets
Principal Core Fixed Income R6 --- USA --- 486,384 30.22
Principal Diversified International R6 --- USA --- 185,870 11.55
Principal Short-Term Income Inst --- USA --- 141,556 8.79
Principal Large Cap S&P 500 Index Inst --- USA --- 98,756 6.14
Principal Blue Chip R6 --- USA --- 96,594 6.00
Principal LargeCap Growth I R6 --- USA --- 95,744 5.95
Principal Equity Income Inst --- USA --- 90,211 5.60
Principal Large Cap Value III Inst --- USA --- 89,947 5.59
Principal Inflation Protection Inst --- USA --- 72,113 4.48
Principal High Yield R-6 --- USA --- 45,591 2.83
Data through 2024-09-30
  Principal Risks   
Credit and Counterparty, Currency, Foreign Securities, Loss of Money, Not FDIC Insured, Equity Securities, U.S. Government Obligations, Derivatives, Fixed-Income Securities, Maturity/Duration, Shareholder Activity, Conflict of Interest, Structured Products, Target Date
Show Risk Definitions
  Other Information
Inception Date: 2008-02-29
Portfolio Manager(s)
Scott W. Smith   (2017-05-02)
Mr. Smith is a research analyst and portfolio manager at Principal Global Investors. He is an analyst within the firm's asset allocation and structured investments group. He also provides research assistance to various business units within Principal Global Investors. He joined the firm in 1999.
Randy L. Welch   (2008-02-29)
Mr. Welch is a Vice President of Principal Management Corporation. Mr. Welch joined the Principal Financial Group in 1989 and oversees the functions of the Investment Services group, which includes investment manager research, investment consulting, performance analysis, and investment communication. He is also responsible for the due diligence program that monitors investment managers used by the Principal Funds. Mr. Welch is an affiliate member of the Chartered Financial Analysts (CFA) Institute. Mr. Welch earned a B.A. in Business/ Finance from Grand View College and an M.B.A. from Drake University.
James W. Fennessey   (2008-02-29)
Mr. Fennessey, CFA, Vice President of Principal Management Corporation. Mr. Fennessey joined the Principal Financial Group in 2000. He is the Head of the Manager Research Team that is responsible for analyzing, interpreting and coordinating investment performance data and evaluation of the investment managers under the due diligence program that monitors investment managers used by the Principal Funds and is a member of the Principal Funds Investment Committee. Fennessey earned a B.S. in Business Administration, with an emphasis in Finance, and a minor in Economics from Truman State University. He has earned the right to use the Chartered Financial Analyst designation.
Investment Advisor(s)
Principal Global Investors LLC
Issuer
Principal Funds
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.