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Trending ETFs

Principal LifeTime Hybrid 2040 Fund

mutual fund
PLTQX
Dividend policy
Active
Price as of:
$15.64 -0.23 -1.45%
primary theme
Target-Date 2040
PLTQX (Mutual Fund)

Principal LifeTime Hybrid 2040 Fund

Dividend policy
Active
Price as of:
$15.64 -0.23 -1.45%
primary theme
Target-Date 2040
PLTQX (Mutual Fund)

Principal LifeTime Hybrid 2040 Fund

Dividend policy
Active
Price as of:
$15.64 -0.23 -1.45%
primary theme
Target-Date 2040

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$15.64

$378 M

2.53%

$0.40

0.41%

Vitals

YTD Return

12.5%

1 yr return

30.9%

3 Yr Avg Return

15.6%

5 Yr Avg Return

13.0%

Net Assets

$378 M

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$15.9
$13.56
$16.27

Expenses

OPERATING FEES

Expense Ratio 0.41%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 22.50%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Target-Date 2040


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$15.64

$378 M

2.53%

$0.40

0.41%

PLTQX - Profile

Distributions

  • YTD Total Return 12.5%
  • 3 Yr Annualized Total Return 15.6%
  • 5 Yr Annualized Total Return 13.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.75%
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Principal LifeTime Hybrid 2040 Fund
  • Fund Family Name
    Principal Funds
  • Inception Date
    Sep 30, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Randy Welch

Fund Description

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 2040. It is a fund of funds that invests in underlying funds of Principal Funds, Inc. ("PFI"), with a majority of the fund's assets invested in index funds. 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.


PLTQX - Performance

Return Ranking - Trailing

Period PLTQX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.5% 6.1% 14.5% 22.43%
1 Yr 30.9% 22.6% 37.3% 66.06%
3 Yr 15.6%* 10.5% 18.1% 52.86%
5 Yr 13.0%* 9.9% 15.1% 53.37%
10 Yr N/A* 8.7% 12.9% N/A

* Annualized

Return Ranking - Calendar

Period PLTQX Return Category Return Low Category Return High Rank in Category (%)
2020 11.1% 3.3% 14.9% 39.11%
2019 19.3% 4.1% 22.6% 20.71%
2018 -12.5% -23.1% -6.9% 32.00%
2017 16.4% -15.1% 18.8% 45.40%
2016 6.2% -0.2% 8.2% 19.15%

Total Return Ranking - Trailing

Period PLTQX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.5% 6.1% 14.5% 22.43%
1 Yr 30.9% 15.9% 37.3% 56.88%
3 Yr 15.6%* 8.3% 18.1% 48.31%
5 Yr 13.0%* 8.6% 15.1% 48.30%
10 Yr N/A* 8.7% 12.9% N/A

* Annualized

Total Return Ranking - Calendar

Period PLTQX Return Category Return Low Category Return High Rank in Category (%)
2020 11.1% 3.3% 14.9% 39.11%
2019 19.3% 4.1% 22.6% 20.71%
2018 -12.5% -23.1% -5.5% 58.29%
2017 16.4% -15.1% 26.3% 68.10%
2016 6.2% -0.1% 10.6% 61.70%

NAV & Total Return History


PLTQX - Holdings

Concentration Analysis

PLTQX Category Low Category High PLTQX % Rank
Net Assets 378 M 306 K 51.4 B 57.02%
Number of Holdings 10 4 541 77.19%
Net Assets in Top 10 378 M 213 K 50.6 B 50.00%
Weighting of Top 10 N/A 38.4% 100.0% 16.36%

Top 10 Holdings

  1. Principal Large Cap S&P 500 Index Inst 41.69%
  2. Principal Diversified International R-6 21.54%
  3. Principal Bond Market Index Instl 13.56%
  4. Principal MidCap S&P 400 Index R-6 8.48%
  5. Principal SmallCap S&P 600 Index R-6 4.24%
  6. Principal High Income Inst 2.94%
  7. Principal International Small CompanyR-6 2.72%
  8. Principal Origin Emerging Markets R6 2.51%
  9. Principal Real Estate Securities Fd R-6 2.39%

Asset Allocation

Weighting Return Low Return High PLTQX % Rank
Stocks
82.33% 62.42% 91.83% 49.56%
Bonds
15.92% -8.85% 74.33% 33.77%
Cash
1.28% -72.19% 29.42% 83.77%
Other
0.28% -0.29% 7.07% 44.30%
Convertible Bonds
0.19% 0.00% 1.10% 41.67%
Preferred Stocks
0.00% 0.00% 0.37% 78.95%

Stock Sector Breakdown

Weighting Return Low Return High PLTQX % Rank
Technology
20.43% 15.63% 23.88% 16.23%
Financial Services
15.31% 13.62% 18.79% 47.81%
Consumer Cyclical
12.14% 8.91% 15.07% 25.88%
Healthcare
11.74% 10.45% 14.93% 73.68%
Industrials
10.77% 9.18% 14.61% 49.56%
Communication Services
7.44% 6.99% 11.40% 87.28%
Real Estate
6.37% 1.80% 9.29% 25.88%
Consumer Defense
6.04% 4.17% 10.48% 62.72%
Basic Materials
4.32% 2.97% 5.53% 60.09%
Energy
3.19% 1.91% 4.21% 60.53%
Utilities
2.25% 0.39% 6.59% 77.19%

Stock Geographic Breakdown

Weighting Return Low Return High PLTQX % Rank
US
56.70% 32.04% 66.74% 18.86%
Non US
25.63% 16.82% 44.05% 71.93%

Bond Sector Breakdown

Weighting Return Low Return High PLTQX % Rank
Corporate
31.27% 0.70% 57.16% 33.77%
Government
29.05% 10.13% 61.94% 67.11%
Cash & Equivalents
20.73% 2.29% 52.26% 40.35%
Securitized
18.62% 0.00% 29.59% 25.44%
Municipal
0.33% 0.00% 24.91% 32.02%
Derivative
0.00% 0.00% 32.05% 67.98%

Bond Geographic Breakdown

Weighting Return Low Return High PLTQX % Rank
US
14.67% 2.29% 56.86% 25.00%
Non US
1.25% -47.31% 17.47% 66.67%

PLTQX - Expenses

Operational Fees

PLTQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.41% 0.06% 1.84% 76.65%
Management Fee 0.00% 0.00% 0.88% 3.11%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

PLTQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

PLTQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PLTQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.50% 2.00% 112.00% 38.53%

PLTQX - Distributions

Dividend Yield Analysis

PLTQX Category Low Category High PLTQX % Rank
Dividend Yield 2.53% 0.00% 0.00% 20.18%

Dividend Distribution Analysis

PLTQX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

PLTQX Category Low Category High PLTQX % Rank
Net Income Ratio 2.75% -0.21% 6.53% 4.07%

Capital Gain Distribution Analysis

PLTQX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

PLTQX - Fund Manager Analysis

Managers

Randy Welch


Start Date

Tenure

Tenure Rank

Sep 30, 2014

7.09

7.1%

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 Fennessey


Start Date

Tenure

Tenure Rank

Sep 30, 2014

7.09

7.1%

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.

Scott Smith


Start Date

Tenure

Tenure Rank

May 02, 2017

4.5

4.5%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 17.01 5.32 1.83