Principal LifeTime Hybrid Income CIT Z45

Quick Facts

Inception Date:	07/07/2009
Morningstar Category:	Target-Date Retirement
Total Net Assets (mil):	$1,058.73

Investment Strategy

What's this?
The investment option seeks current income and, as a secondary objective, capital appreciation. To pursue its goal, this Target Date Fund generally invests in affiliated and may invest in nonaffiliated open-ended mutual funds, insurance company separate accounts, and collective trust funds that Principal Trust considers appropriate based on investors who have reached their investment time horizon.

Morningstar Style Box™

as of 04/30/2025

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Overall Morningstar Star Rating™

as of 05/31/2025

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Out of 130 Target-Date Retirement Funds

StarRating

Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.

Total Returns

Average Annual Total Returns as of 06/30/2025

	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception*
Total Return %	2.32	4.20	5.06	8.22	7.25	3.74	3.82	4.93
S&P Target Date Retirement Income Index %	---	---	---	---	---	---	---	---
Target-Date Retirement Category %	---	---	---	---	---	---	---	---
Morningstar Percentile Rankings**	---	---	---	---	---	---	---	---
# of Funds in Category	---	---	---	---	---	---	---	---

* Inception Date: 07/07/2009

**Morningstar percentile rankings are based on total returns.

Expenses

as of 06/30/2025

Total Investment Expense - Gross:	0.74%
Total Investment Expense - Net:	0.74%
Total Investment Expense Gross Per $1,000 Invested:	$7.40

Inv Manager or Sub-Advisor

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Principal Global Investors

Portfolio Advisor Managers

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James W. Fennessey , CFA
Since 07/07/2009
B.S. , Truman State University

Randy L. Welch
Since 07/07/2009
M.B.A. , Drake University

Scott W. Smith
Since 05/02/2017
B.S. , Iowa State University

Chad Severin
Since 03/31/2025
Bachelor , Simpson College

May Tong , CFA
Since 03/31/2025
B.A./B.S. , Boston College

Todd A. Jablonski , CFA
Since 03/31/2025
M.B.A. , New York University