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Name

As of 05/12/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Principal LifeTime 2010 Fund

PENAX | Fund

$11.04

$591 M

0.66%

$0.07

0.89%

Vitals

YTD Return

2.3%

1 yr return

-7.7%

3 Yr Avg Return

-5.2%

5 Yr Avg Return

-4.1%

Net Assets

$591 M

Holdings in Top 10

87.7%

52 WEEK LOW AND HIGH

$11.1
$10.79
$12.01

Expenses

OPERATING FEES

Expense Ratio 0.89%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover 25.10%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 05/12/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Principal LifeTime 2010 Fund

PENAX | Fund

$11.04

$591 M

0.66%

$0.07

0.89%

PENAX - Profile

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return -5.2%
  • 5 Yr Annualized Total Return -4.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.63%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Principal LifeTime 2010 Fund
  • Fund Family Name
    Principal Funds
  • Inception Date
    Jun 28, 2005
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Randy Welch

PENAX - Performance

Return Ranking - Trailing

Period PENAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -23.7% 3.8% 21.49%
1 Yr -7.7% -24.2% -6.7% 26.45%
3 Yr -5.2%* -7.9% -0.3% 57.14%
5 Yr -4.1%* -5.6% 1.1% 62.35%
10 Yr -1.4%* -3.2% 2.0% 51.02%

* Annualized

Return Ranking - Calendar

Period PENAX Return Category Return Low Category Return High Rank in Category (%)
2023 -17.9% -23.1% 2.7% 68.60%
2022 -0.8% -4.6% 3.6% 62.28%
2021 1.2% 0.5% 4.1% 81.25%
2020 1.7% -2.9% 3.1% 82.86%
2019 -2.4% -2.6% 1.6% 85.19%

Total Return Ranking - Trailing

Period PENAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -23.7% 3.8% 21.49%
1 Yr -7.7% -24.2% -6.7% 26.45%
3 Yr -5.2%* -7.9% -0.3% 57.14%
5 Yr -4.1%* -5.6% 1.1% 84.71%
10 Yr -1.4%* -2.1% 3.5% 83.67%

* Annualized

Total Return Ranking - Calendar

Period PENAX Return Category Return Low Category Return High Rank in Category (%)
2023 -17.9% -23.1% 2.7% 68.60%
2022 -0.8% -4.6% 3.6% 62.28%
2021 1.2% 0.5% 4.1% 81.25%
2020 1.7% -2.9% 3.1% 82.86%
2019 -2.4% -2.6% 1.6% 92.59%

NAV & Total Return History

PENAX - Holdings

Concentration Analysis

PENAX Category Low Category High PENAX % Rank
Net Assets 591 M 699 K 4.5 B 35.54%
Number of Holdings 19 7 56 71.90%
Net Assets in Top 10 524 M 90 K 3.62 B 35.54%
Weighting of Top 10 87.69% 61.7% 99.9% 20.17%

Top 10 Holdings

  1. Principal Core Fixed Income R6 34.74%
  2. Principal Short-Term Income Inst 15.17%
  3. Principal High Income Inst 7.74%
  4. Principal Inflation Protection Inst 7.19%
  5. Principal Diversified International R-6 4.40%
  6. Principal Equity Income Inst 3.82%
  7. Principal Large Cap Value III Inst 3.82%
  8. Principal Large Cap S&P 500 Index Inst 3.75%
  9. Principal LargeCap Growth I R6 3.54%
  10. Principal Blue Chip R-6 3.51%

Asset Allocation

Weighting Return Low Return High PENAX % Rank
Bonds 		61.24% 48.08% 76.33% 48.76%
Stocks 		33.85% 20.54% 44.69% 37.19%
Cash 		4.22% 1.82% 20.74% 95.04%
Convertible Bonds 		0.52% 0.21% 1.16% 71.07%
Other 		0.09% -0.85% 2.00% 24.79%
Preferred Stocks 		0.08% 0.00% 0.30% 83.47%

Stock Sector Breakdown

Weighting Return Low Return High PENAX % Rank
Financial Services 		16.90% 11.25% 19.98% 43.80%
Technology 		16.66% 12.84% 20.54% 76.86%
Industrials 		12.83% 8.69% 12.83% 4.96%
Healthcare 		11.54% 9.47% 13.88% 51.24%
Consumer Cyclical 		10.24% 5.80% 12.80% 68.60%
Communication Services 		6.45% 5.69% 10.09% 81.82%
Consumer Defense 		5.98% 4.82% 10.61% 38.02%
Energy 		5.69% 2.42% 9.60% 45.45%
Real Estate 		5.17% 1.86% 10.43% 15.70%
Basic Materials 		4.88% 2.99% 8.05% 80.17%
Utilities 		3.65% 1.92% 5.81% 24.79%

Stock Geographic Breakdown

Weighting Return Low Return High PENAX % Rank
US 		23.57% 7.14% 30.41% 37.19%
Non US 		10.28% 6.83% 18.11% 90.91%

Bond Sector Breakdown

Weighting Return Low Return High PENAX % Rank
Corporate 		46.52% 1.54% 46.52% 4.96%
Government 		22.96% 22.96% 95.72% 99.17%
Securitized 		21.03% 0.00% 24.54% 8.26%
Cash & Equivalents 		8.46% 2.74% 29.05% 85.12%
Derivative 		1.02% 0.00% 3.09% 12.40%
Municipal 		0.00% 0.00% 0.91% 99.17%

Bond Geographic Breakdown

Weighting Return Low Return High PENAX % Rank
US 		57.88% 35.46% 73.21% 24.79%
Non US 		3.36% 2.89% 16.98% 97.52%

PENAX - Expenses

Operational Fees

PENAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.06% 1.49% 19.33%
Management Fee 0.00% 0.00% 0.57% 14.05%
12b-1 Fee 0.25% 0.00% 1.00% 48.98%
Administrative Fee N/A 0.01% 0.28% N/A

Sales Fees

PENAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 3.50% 5.75% 69.23%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PENAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PENAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.10% 20.00% 65.00% 17.24%

PENAX - Distributions

Dividend Yield Analysis

PENAX Category Low Category High PENAX % Rank
Dividend Yield 0.66% 0.00% 5.45% 69.42%

Dividend Distribution Analysis

PENAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Net Income Ratio Analysis

PENAX Category Low Category High PENAX % Rank
Net Income Ratio 1.63% 0.56% 3.49% 54.70%

Capital Gain Distribution Analysis

PENAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

PENAX - Fund Manager Analysis

Managers

Randy Welch

Start Date

Tenure

Tenure Rank

Jun 01, 2007

15.01

15.0%

Mr. Welch is a Vice President of Principal Management Corporation. Mr. Welch joined the Principal Financial Group in 1989 and oversees the functions of the Investment Services group, which includes investment manager research, investment consulting, performance analysis, and investment communication. He is also responsible for the due diligence program that monitors investment managers used by the Principal Funds. Mr. Welch is an affiliate member of the Chartered Financial Analysts (CFA) Institute. Mr. Welch earned a B.A. in Business/ Finance from Grand View College and an M.B.A. from Drake University.

James Fennessey

Start Date

Tenure

Tenure Rank

Jun 01, 2007

15.01

15.0%

Mr. Fennessey, CFA, Vice President of Principal Management Corporation. Mr. Fennessey joined the Principal Financial Group in 2000. He is the Head of the Manager Research Team that is responsible for analyzing, interpreting and coordinating investment performance data and evaluation of the investment managers under the due diligence program that monitors investment managers used by the Principal Funds and is a member of the Principal Funds Investment Committee. Fennessey earned a B.S. in Business Administration, with an emphasis in Finance, and a minor in Economics from Truman State University. He has earned the right to use the Chartered Financial Analyst designation.

Scott Smith

Start Date

Tenure

Tenure Rank

May 02, 2017

5.08

5.1%

Mr. Smith is a research analyst and portfolio manager at Principal Global Investors. He is an analyst within the firm's asset allocation and structured investments group. He also provides research assistance to various business units within Principal Global Investors. He joined the firm in 1999.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.85 16.18 6.32 2.41

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