A recognized target date manager and innovator.

As a pioneer in the target date space—bringing one of the first target date offerings to the industry in 2001—our long-term track record of target date investing has helped deliver competitive returns for investors leading up to and through retirement.
  • Multi-manager approach—combines proprietary and third-party managers with different investment styles in one portfolio.

  • Empowering investors seeking to meet their goals—our glide path is carefully designed to address key investor risks like longevity and inflation.

  • Professional investment managers represent a wide range of asset classes, investment styles, and firms.

  • Available vehicles: CIT, U.S. Mutual Fund

Target allocations over time

Target date glide path graph

For illustrative purposes. As of October 31, 2022.

Shareholders receive exposure to real assets/other category through certain underlying assets. Each vintage assumes a retirement age of 65. Target date allocations are designed to evolve as the investors’ risk profiles change over time. Neither the principal nor the underlying assets of the target date allocations are guaranteed, and investment risk always remains.

Portfolio management

Principal Asset Allocation

Asset allocation views, grounded in industry insights inform our portfolio construction process. We seek to deliver competitive performance, tailored to your desired outcomes for risk, return, and income potential.

PM Title
Portfolio Manager
James Fennessey, CFA
23 years of experience
PM Title
Portfolio Manager
Scott W. Smith
24 years of experience
PM Title
Managing Director, Portfolio Manager
Randy Welch
38 years of experience
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Past performance does not guarantee future results.

Asset allocation and diversification does not ensure a profit or protect against a loss.

There is no guarantee that any risk mitigation strategy will successfully protect against a loss in down markets.

Not all investment options are available in all jurisdictions. Certain vehicles have not been registered with the United States Securities and Exchange Commission under the United States Securities Act of 1933 and may not be directly or indirectly offered or sold in the United States or to any United States person.

Target date portfolios are managed toward a particular target date, or the approximate date the investor is expected to start withdrawing money from the portfolio. As each target-date portfolio approaches its target date, the investment mix becomes more conservative by increasing exposure to generally more conservative investments and reducing exposure to typically more aggressive investments. Neither the principal nor the underlying assets of target date portfolios are guaranteed at any time, including the target date. Investment risk remains at all times. Neither asset allocation nor diversification can ensure a profit or protect against a loss in down markets.

Principal Asset Allocation is an investment team within Principal Global Investors.