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Investment Type: pifretail

Principal LifeTime 2040 Fund (A) (PTDAX)

Class A | Class J | Class I

Portfolio Composition

  as of 07/31/2020
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Top 10 Holdings

  as of 07/31/2020
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% of Net Assets
Principal Large Cap S&P 500 Index Inst 13.48
Principal LargeCap Growth I R6 11.93
Principal Core Fixed Income R6 10.14
Principal Diversified International R-6 10.05
Principal Overseas Instl 8.71
Principal Large Cap Value III Inst 7.98
Principal MidCap Growth III Inst 5.96
Principal Bond Market Index Instl 5.27
Principal Blue Chip R-6 4.22
Principal MidCap Value I R-6 4.22
Total*: 81.95
*Values may exceed 100% if both long and short positions are included in the portfolio

View Full Portfolio Holdings

Morningstar Style Box™

  as of 07/31/2020
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Investment Style
Stylebox Market Capitalization
Investment Style
Stylebox Market Capitalization

Stock Sector Breakdown

  as of 07/31/2020
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% of Net Assets
Cyclical 36.25
Basic Materials 4.22
Consumer Cyclical 11.08
Financial Svcs 14.94
Real Estate 6.01
Defensive 21.94
Consumer Defensive 6.28
Healthcare 12.88
Utilities 2.78
Sensitive 41.81
Comm Svcs 8.35
Energy 3.04
Industrials 11.54
Technology 18.88


  as of 07/31/2020
Average Market Cap (mil): $46,287.38
Price/Earnings Ratio: 22.13
Price/Book Ratio: 2.10
Price/Cash Flow Ratio: 9.38
Turnover Ratio: 14.60%

2020 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data 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 losses arising from any use of this information.

Past performance is no guarantee of future results. Investment options are subject to investment risk. Shares or unit values will fluctuate and investments, when redeemed, may be worth more or less than their original cost.

Portfolio holdings are subject to change and companies referenced in this report may not currently be held. Information is current as of the creation of this piece. Keep in mind that portfolio holdings are subject to risk. Click here for a complete list of the most recent publicly available holdings.

The full name of this investment option is Principal LifeTime 2040 Fund (A).

Investors should carefully consider a fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting, or calling 800-222-5852. Read the prospectus carefully before investing.

Principal Funds are distributed by Principal Funds Distributor, Inc.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency

S&P Target Date 2040 Index provides varying levels of exposure to equities and fixed income. Each target date allocation is created and retired according to a pre-determined schedule related to the respective target date.

International and global investing involves greater risks such as currency fluctuations, political/social instability and differing accounting standards.

This Principal LifeTime Fund indirectly bears its pro rata share of the management fees incurred by the underlying Principal Funds in which this fund invests. Based on the asset allocation of the Principal LifeTime Funds outlined in the prospectus dated March 1, 2020, the weighted average operating expenses of the underlying funds are: Principal LifeTime Strategic Income, 0.59%; Principal LifeTime 2010, 0.60%; Principal LifeTime 2020, 0.64%; Principal LifeTime 2030, 0.768%; Principal LifeTime 2040, 0.64%; Principal LifeTime 2050, 0.67%. While the operating expenses of the underlying mutual funds are not part of the Principal LifeTime Fund's operating expenses they are included in the Total Investment Expense. Performance results shown for the Principal LifeTime Fund reflect the application of these expenses.

Equity investment options involve greater risk, including heightened volatility, than fixed-income investment options. Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise.

Asset allocation and diversification do not ensure a profit or protect against a loss. Additionally there is no guarantee this investment option will provide adequate income at or through retirement.

These calculated returns reflect the historical performance of the oldest share class of the fund, adjusted to reflect a portion of the fees and expenses of this share class. For time periods prior to inception date of the fund, predecessor performance is reflected. Please see the fund's prospectus for more information on specific expenses, and the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class.

Fixed-income and asset allocation investment options that invest in mortgage securities are subject to increased risk due to real estate exposure.

Additional target date portfolios may be added to the Principal LifeTime portfolios series to accommodate plan participants with later normal retirement dates as they enter the workforce. Participants may also choose a portfolio with a target date that does not match the intended retirement date. Compare the different portfolios to see how the mix of investments might shift.