Principal LifeTime Strategic Income Fund
Overview
Performance
As of 11/30/2025
YTD
10.25%
1-year
7.89%
3-year
8.45%
5-year
3.60%
10-year
4.66%
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Fund details
as of
12/03/2025
unless indicated otherwise
Fund ticker
PLSJX
CUSIP
74253M217
Benchmark
S&P Target Date Retirement Income Index
Extended performance inception date
03/01/2001
NAV
$12.15
Total fund assets
$724.59M
Dividend frequency
Annually
Minimum investment
$1,000.00
Inception date
06/15/2001
Morningstar category
Target-Date Retirement
Investment approach
The investment seeks current income, and as a secondary objective, capital appreciation.
The fund is a fund of funds and invests in underlying funds of Principal Exchange-Traded Funds (“PETF”) and 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. Its asset allocation is designed for investors who are approximately 10 years beyond the normal retirement age of 65.
Performance & expenses
As of
11/30/2025
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Excluding sales charge | 0.75% | 2.62% | 10.25% | 7.89% | 8.45% | 3.60% | 4.66% | 4.17% | — |
| Including sales charge | -0.25% | 1.62% | 9.25% | 6.89% | 8.45% | 3.60% | 4.66% | 4.17% | — |
| Benchmark performance | — | — | — | — | — | — | — | — | — |
| Morningstar category average | — | — | — | — | — | — | — | — | — |
| Morningstar percentile rankings | — | — | — | 68 | 58 | 75 | 71 | — | — |
| # of funds in category | 144 | 144 | 144 | 144 | 134 | 124 | 79 | — | 134 |
| Morningstar rating | — | — | — | — | — |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Returns shown for periods of less than one year are not annualized.
Index performance information: no deductions for fees, expenses or taxes. Indices are unmanaged and individuals cannot invest directly in an index.
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Excluding sales charge | 1.35% | 3.27% | 8.89% | 6.83% | 10.24% | 3.96% | 4.68% | 4.15% | — |
| Including sales charge | 0.35% | 2.27% | 7.89% | 5.83% | 10.24% | 3.96% | 4.68% | 4.15% | — |
| Benchmark performance S&P Target Date Retirement Income Index |
1.61% | 3.63% | 9.82% | 7.53% | 10.50% | 4.81% | 5.26% | — | — |
| Morningstar category average Target-Date Retirement |
1.52% | 3.44% | 9.20% | 7.01% | 10.05% | 4.44% | 5.05% | — | — |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Returns shown for periods of less than one year are not annualized.
Index performance information: no deductions for fees, expenses or taxes. Indices are unmanaged and individuals cannot invest directly in an index.
| Data | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Excluding sales charge | 6.54% | 10.67% | -13.35% | 4.34% | 9.86% |
| Including sales charge | 5.54% | 9.67% | -14.18% | 3.37% | 8.86% |
| Morningstar category average Target-Date Retirement |
6.38% | 10.04% | -12.74% | — | — |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
| Date | Type | Dollar per share |
|---|---|---|
| 12/31/2024 | Income | 0.3464 |
| 12/19/2024 | Short Term Capital Gain | 0.0064 |
| 12/19/2024 | Long Term Capital Gain | 0.1542 |
| 12/29/2023 | Income | 0.2691 |
| 12/30/2022 | Income | 0.2631 |
| 12/20/2022 | Long Term Capital Gain | 0.2451 |
Expense ratio gross
0.66%
Expense ratio net
0.66%
Expense limit expiration date
—
Maximum up-front sales charge
—
Contingent deferred sales charge
1.00%
In situations where the net and gross fund expense figures are different, the investment manager has contractually agreed to limit the investment option's expense. Differences may also be shown due to the investment manager choosing to pay certain expenses that would normally be payable by the fund. The gross fund expense figure does not reflect any waivers or caps on the mutual fund. Performance shown reflects the application of net expenses of the fund.
Ratings
Morningstar ratings
as of 10/31/2025
Holdings
Top 10
as of
10/31/2025
% of Assets
% of Assets
1.
Core Fixed Income Fund
34.61%
2.
Short-Term Income Fund
16.68%
3.
International Equity Fund
8.87%
4.
High Yield Fund
6.40%
5.
LargeCap S&P 500 Index Fund
5.85%
6.
Inflation Protection Fund
5.73%
7.
LargeCap Growth Fund I
3.72%
8.
Equity Income Fund
3.60%
9.
Blue Chip Fund
3.47%
10.
LargeCap Value Fund III
3.23%
Portfolio management
James Fennessey, CFA
25 years of experience
Chad Severin
22 years of experience
Scott Smith
26 years of experience
May Tong, CFA
24 years of experience
Randy Welch
40 years of experience