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Investment Type: pif

Principal LifeTime 2050 Fund (A) (PPEAX)

Quick Facts Ticker: PPEAX Inception Date: 06/28/2005 Extended Performance Inception Date: 03/01/2001 Morningstar Category: Target-Date 2050 Total Net Assets (mil): $3,267.39	Investment Strategy    What's this? 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 2050. 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.
Morningstar Style Box™   as of 04/30/2025    What's this?	Overall Morningstar Star Rating™   as of 05/31/2025    What's this? Out of 181 Target-Date 2050 Funds 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

Month-End | Quarter-End

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 % 4.11 9.28 8.39 13.23 14.58 11.22 8.57 6.53 S&P Target Date 2050 Index % --- --- --- --- --- --- --- --- Target-Date 2050 Category % --- --- --- --- --- --- --- --- Morningstar Percentile Rankings** --- --- --- --- --- --- --- --- # of Funds in Category --- --- --- --- --- --- --- ---

* Inception Date: 06/28/2005 ; Extended Performance Inception Date: 03/01/2001

**Morningstar percentile rankings are based on total returns.

Expenses   as of 06/30/2025 Total Investment Expense - Gross: 1.01% Total Investment Expense - Net: 1.00% Contractual Cap Date: 02/28/2026 12b-1 Fee: 0.25% Total Investment Expense Gross Per $1,000 Invested: $10.10

Inv Manager or Sub-Advisor

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Principal Global Investors

Portfolio Managers

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James W. Fennessey , CFA Since 06/01/2007 B.S. , Truman State University

Randy L. Welch Since 06/01/2007 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