Principal LifeTime 2035 R4 LTSEX |
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Release date as of 2024-09-30. Data on page is subject to change. |
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Overall Morningstar Rating™
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What is this?
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As of 2024-09-30 |
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Out of 191 Target-Date 2035 Funds
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Morningstar® Style Box™
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What is this?
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As of 2024-09-30 |
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As of 2024-08-31 |
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Total Fund Assets ($ Mil) |
2,034.81 |
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Investment Objective & Strategy |
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The investment seeks a total return consisting of long-term growth of capital and current income.
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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 2035. 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. |
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Morningstar Category: Target-Date 2035 |
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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 2031-2035) 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.
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Allocation |
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Bonds |
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US Stocks |
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Non-US Stocks |
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Cash |
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Other |
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Growth of $10,000 |
(from 2014-01-01
to 2024-09-30)
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Investment: |
Principal LifeTime 2035 R4 |
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Benchmark 1: |
Morningstar Mod Tgt Risk TR USD |
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Benchmark 2: |
Morningstar Lifetime Mod 2035 TR USD |
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Category: |
Target-Date 2035 |
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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.
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Total Annualized Returns % |
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YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
Investment |
12.01 |
23.53 |
3.83 |
8.24 |
7.24 |
6.48 |
Morningstar Mod Tgt Risk TR USD |
11.45 |
22.04 |
3.61 |
7.07 |
6.49 |
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Morningstar Lifetime Mod 2035 TR USD |
12.70 |
24.54 |
3.66 |
7.83 |
7.33 |
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Category |
13.33 |
24.54 |
4.70 |
8.75 |
7.66 |
6.58 |
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Morningstar Rating |
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# of compared
Target-Date 2035
funds covered
(3 yrs : out of
191
funds)
(5 yrs : out of
167
funds)
(10 yrs : out of
111
funds)
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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. |
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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. |
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Total Annual Operating Expense
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0.98%
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Prospectus Net Expense Ratio |
0.98%
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Maximum Sales Charge |
--- |
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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. |
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Type |
Date |
% |
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% of Net Assets |
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U.S. Stocks |
45.9 |
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Non-U.S. Stocks |
19.8 |
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Bonds |
31.6 |
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Cash |
2.4 |
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Other |
0.3 |
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Data through 2024-09-30 |
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Morningstar Equity Sectors |
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% of Stocks |
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Cyclical |
39.22 |
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Basic Materials |
3.53 |
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Consumer Cyclical |
11.09 |
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Financial Services |
18.59 |
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Real Estate |
6.01 |
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Sensitive |
42.63 |
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Communication Services |
6.98 |
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Energy |
3.81 |
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Industrials |
11.73 |
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Technology |
20.11 |
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Defensive |
18.17 |
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Consumer Defensive |
4.65 |
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Healthcare |
11.21 |
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Utilities |
2.31 |
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Data through 2024-09-30 |
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Morningstar Fixed-Income Sectors |
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% Fund |
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Government |
23.88 |
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Corporate |
47.31 |
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Securitized |
22.20 |
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Municipal |
0.00 |
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Cash & Equivalents |
6.54 |
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Derivative |
0.08 |
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% Bonds |
AAA |
45.38 |
AA |
1.69 |
A |
17.35 |
BBB |
23.08 |
BB |
4.20 |
B |
6.24 |
Below B |
1.90 |
Not Rated |
0.16 |
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Total Number of Stock Holdings |
0 |
Total Number of Bond Holdings |
0 |
% of Net Assets in Top 10 Holdings |
90.09 |
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Turnover % |
(as of 2023-10-31) |
12.30 |
30 Day SEC Yield % |
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Sector |
Country |
Maturity Date |
Market Value ($000) |
% of Net Assets |
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Principal Core Fixed Income R6 |
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USA |
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543,550 |
26.71 |
Principal Diversified International R6 |
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USA |
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321,502 |
15.80 |
Principal Large Cap S&P 500 Index Inst |
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USA |
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170,246 |
8.37 |
Principal Blue Chip R6 |
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USA |
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166,338 |
8.17 |
Principal LargeCap Growth I R6 |
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USA |
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165,033 |
8.11 |
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Principal Equity Income Inst |
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USA |
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156,162 |
7.67 |
Principal Large Cap Value III Inst |
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USA |
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155,625 |
7.65 |
Principal SmallCap R6 |
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USA |
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57,418 |
2.82 |
Principal MidCap R6 |
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USA |
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48,899 |
2.40 |
Principal Real Estate Securities Fd R6 |
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USA |
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48,605 |
2.39 |
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Credit and Counterparty, Currency, Foreign Securities, Loss of Money, Not FDIC Insured, Index Correlation/Tracking Error, Equity Securities, U.S. Government Obligations, Derivatives, Fixed-Income Securities, Maturity/Duration, Shareholder Activity, Conflict of Interest, Structured Products, Target Date |
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Show Risk Definitions |
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Inception Date: 2008-02-29 |
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Scott W. Smith (2017-05-02) |
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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. |
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Randy L. Welch (2008-02-29) |
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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. |
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James W. Fennessey (2008-02-29) |
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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. |
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Principal Global Investors LLC |
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© Copyright 2024 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance. |
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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.
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