Principal LifeTime 2060 Fund
Overview
Performance
As of 11/30/2025
YTD
17.25%
1-year
12.78%
3-year
15.17%
5-year
9.98%
10-year
10.18%
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
12/11/2025
unless indicated otherwise
Fund ticker
PLTZX
CUSIP
74255L563
Benchmark
S&P Target Date 2060 Index
NAV
$20.48
Total fund assets
$1.21B
Dividend frequency
Annually
Minimum investment
—
Inception date
03/01/2013
Morningstar category
Target-Date 2060
Investment approach
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 2060. It 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.
Performance & expenses
As of
11/30/2025
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Total return | 0.99% | 4.15% | 17.25% | 12.78% | 15.17% | 9.98% | 10.18% | 10.02% | — |
| Benchmark performance S&P Target Date 2060 Index |
0.47% | 5.06% | 18.85% | 15.62% | 16.29% | 11.03% | 10.63% | — | — |
| Morningstar category average Target-Date 2060 |
0.43% | 5.14% | 18.89% | 14.99% | 16.10% | 10.53% | 10.31% | — | — |
| Morningstar percentile rankings | — | — | — | 89 | 85 | 76 | 60 | — | — |
| # of funds in category | 184 | 184 | 184 | 184 | 173 | 155 | 64 | — | 173 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Total return | 2.20% | 5.89% | 15.06% | 13.13% | 19.73% | 11.64% | 10.64% | 9.99% | — |
| Benchmark performance S&P Target Date 2060 Index |
2.91% | 6.95% | 16.42% | 14.44% | 20.66% | 12.62% | 11.14% | — | — |
| Morningstar category average Target-Date 2060 |
3.04% | 6.72% | 16.52% | 14.61% | 20.56% | 12.11% | 10.75% | — | — |
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 |
|---|---|---|---|---|---|
| Total return | 13.29% | 20.40% | -18.82% | 18.15% | 16.60% |
| Morningstar category average Target-Date 2060 |
14.58% | 19.96% | -18.08% | — | — |
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 | 0.2754 |
| 12/19/2024 | Short Term Capital Gain | 0.0376 |
| 12/19/2024 | Long Term Capital Gain | 0.5046 |
| 12/29/2023 | Income | 0.2674 |
| 12/20/2023 | Short Term Capital Gain | 0.0016 |
| 12/20/2023 | Long Term Capital Gain | 0.3910 |
| 12/30/2022 | Income | 0.1761 |
| 12/20/2022 | Short Term Capital Gain | 0.0042 |
| 12/20/2022 | Long Term Capital Gain | 0.9889 |
Expense ratio gross
0.63%
Expense ratio net
0.63%
Expense limit expiration date
—
Maximum up-front sales charge
—
Contingent deferred sales charge
—
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.
Holdings
Top 10
as of
10/31/2025
% of Assets
% of Assets
1.
International Equity Fund
24.51%
2.
LargeCap S&P 500 Index Fund
16.26%
3.
LargeCap Growth Fund I
10.29%
4.
Equity Income Fund
9.85%
5.
Blue Chip Fund
9.61%
6.
LargeCap Value Fund III
8.95%
7.
Global Emerging Markets Fund
5.15%
8.
SmallCap Fund
4.16%
9.
Small-MidCap Dividend Income F
2.40%
10.
Core Fixed Income Fund
2.27%
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