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PENAX Principal LifeTime 2010 A

  • Fund
  • PENAX
  • Price as of: Aug 08, 2016
  • $13.38
  • + $0.01
  • + 0.08%
  • Category
  • Target Retirement Date

PENAX - Profile

Vitals

  • YTD Return 5.0%
  • 3 Yr Annualized Return 4.4%
  • 5 Yr Annualized Return 5.2%
  • Net Assets $1.28 B
  • Holdings in Top 10 78.9%

52 WEEK LOW AND HIGH

$13.38
$12.14
$13.62

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.41%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 32.70%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Target Retirement Date
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2000-2010

Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.90%
DIVIDENDS
  • Dividend Yield 0.2%
  • 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 L. Welch

PENAX - Performance

Return Ranking - Trailing

Period PENAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.0% -40.4% 17.0% 51.34% 3
1 Yr 1.5% -7.2% 17.3% 46.83% 3
3 Yr 4.4% * 0.4% 8.3% 81.08% 5
5 Yr 5.2% * 1.2% 9.9% 80.73% 5
10 Yr 3.9% * 1.9% 6.7% 85.86% 5

* Annualized


Return Ranking - Calendar

Period PENAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.8% -33.1% 1.2% 47.37% 3
2014 N/A 5.0% 5.1% N/A N/A
2013 N/A 20.5% 22.2% N/A N/A
2012 N/A 12.6% 13.1% N/A N/A
2011 N/A -4.7% -4.4% N/A N/A

Total Return Ranking - Trailing

Period PENAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.0% -40.4% 17.0% 52.16% 3
1 Yr -2.3% -11.0% 17.3% 81.26% 5
3 Yr 3.1% * -0.9% 8.3% 89.17% 5
5 Yr 4.4% * 0.8% 9.9% 85.88% 5
10 Yr 3.5% * 1.4% 6.7% 91.16% 5

* Annualized


Total Return Ranking - Calendar

Period PENAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.8% -33.1% 1.2% 47.43% 3
2014 N/A 5.0% 5.1% N/A N/A
2013 N/A 23.3% 24.9% N/A N/A
2012 N/A 15.9% 16.4% N/A N/A
2011 N/A -2.7% -2.4% N/A N/A

NAV & Total Return History

PENAX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

PENAX Category Low Category High PENAX % Rank Quintile
Net Assets 1.28 B 342 K 31.4 B 6.44% 2
Number of Holdings 23 2 9892 2.49% 2
Net Assets in Top 10 1 B 286 K 30.4 B 5.61% 2
Weighting of Top 10 78.9% 2.3% 103.8% 14.07% 3

Top 10 Holdings

  1. Principal Core Plus Bond Inst 18.87%
  2. Principal Short-Term Income Inst 12.85%
  3. Principal Global Div Inc Instl 8.83%
  4. Principal Inflation Protection Inst 8.63%
  5. Principal Diversified Intl Inst 3.93%
  6. Principal Bond Market Index Instl 8.99%
  7. Principal Large Cap S&P 500 Index Inst 4.70%
  8. Principal Global Multi-Strategy Instl 5.37%
  9. Principal Overseas Instl 3.55%
  10. Principal Global Opportunities Instl 3.12%

Asset Allocation

Weighting Category Low Category High PENAX % Rank Quintile
Bonds
57.61% -0.13% 101.10% 1.92% 1
Stocks
37.65% 0.34% 97.58% 23.05% 5
Cash
3.52% -32.35% 94.64% 16.72% 4
Preferred Stocks
0.53% -0.02% 7.79% 0.62% 1
Convertible Bonds
0.40% 0.00% 4.38% 1.30% 1
Other
0.30% -1.71% 47.06% 12.31% 4

Stock Sector Breakdown

Weighting Category Low Category High PENAX % Rank Quintile
Financial Services
6.21% 0.18% 17.43% 17.51% 4
Technology
5.04% 0.02% 21.09% 19.22% 5
Industrials
4.66% 0.04% 12.08% 15.74% 5
Healthcare
4.47% 0.04% 17.25% 16.78% 5
Consumer Cyclical
4.40% 0.03% 15.84% 17.82% 5
Consumer Defense
2.92% 0.03% 11.41% 16.94% 5
Energy
2.68% 0.07% 7.94% 12.16% 4
Communication Services
2.04% 0.04% 5.22% 8.83% 4
Real Estate
1.87% 0.03% 18.29% 14.49% 4
Utilities
1.71% 0.00% 8.30% 7.38% 4
Basic Materials
1.58% 0.03% 7.27% 12.68% 5

Stock Geographic Breakdown

Weighting Category Low Category High PENAX % Rank Quintile
US
25.17% 0.06% 73.29% 22.27% 5
Non US
12.48% 0.00% 54.00% 20.61% 5

Bond Sector Breakdown

Weighting Category Low Category High PENAX % Rank Quintile
Corporate
22.55% 0.00% 53.64% 1.97% 1
Government
19.15% -27.29% 90.96% 3.69% 1
Securitized
16.64% 0.00% 25.32% 1.35% 1
Cash & Equivalents
3.25% -46.20% 94.64% 17.55% 4
Municipal
0.10% 0.00% 2.32% 4.15% 3
Derivative
0.00% -30.52% 57.07% 1.61% 2

Bond Geographic Breakdown

Weighting Category Low Category High PENAX % Rank Quintile
US
52.02% -4.11% 90.96% 0.83% 1
Non US
5.59% 0.00% 25.33% 7.17% 2

PENAX - Expenses

Operational Fees

PENAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.41% 0.00% 70.64% 17.45% 2
Management Fee 0.00% 0.00% 0.92% 2.20% 1
12b-1 Fee 0.25% 0.00% 1.00% 0.98% 2
Administrative Fee N/A 0.00% 0.40% N/A N/A

Sales Fees

PENAX Fees (% of AUM) Category Low Category High PENAX Rank Quintile
Front Load 3.75% 3.00% 5.75% 2.94% 1
Deferred Load N/A 0.50% 5.00% N/A N/A

Trading Fees

PENAX Fees (% of AUM) Category Low Category High PENAX Rank Quintile
Max Redemption Fee N/A 2.00% 2.00% N/A N/A

Turnover 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 Low Category High PENAX Rank Quintile
Turnover 32.70% 0.00% 333.00% 4.88% 4

PENAX - Distributions

Dividend Yield Analysis

PENAX Category Low Category High PENAX % Rank Quintile
Dividend Yield 0.2% 0.00% 1.21% 31.00% 3

Dividend Distribution Analysis

PENAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PENAX Category Low Category High PENAX % Rank Quintile
Net Income Ratio 1.90% -0.93% 10.75% 9.55% 2

Capital Gain Distribution Analysis

PENAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PENAX - Managers

Randy L. Welch

Manager

Start Date

Jun 01, 2007

Tenure

9.17

Tenure Rank

0.4%

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 W. Fennessey

Manager

Start Date

Jun 01, 2007

Tenure

9.17

Tenure Rank

0.4%

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. Mr. Fennessey graduated from Truman State University with a BS in Business Administration, with an emphasis in Finance, and a minor in Economics. He has earned the right to use the Chartered Financial Analyst designation.


Matthew Annenberg

Manager

Start Date

Mar 01, 2013

Tenure

3.42

Tenure Rank

1.6%

Matthew Annenberg has been with Principal Global Investors, LLC since 2012. Prior to PGI, he was a managing director at K2 Advisors and at ABM AMRO Bank. He earned a bachelor's degree in Finance from Harvard College. Mr. Annenberg has earned the right to use the Chartered Financial Analyst designation.


Jeffrey R. Tyler

Manager

Start Date

Mar 01, 2011

Tenure

5.42

Tenure Rank

1.2%

Mr. Tyler joined Principal in 2011. Prior to that, Mr. Tyler was the Chief Investment Officer at EXOS Partners. From 1988-2009, Mr. Tyler was a Senior Vice President, Senior Portfolio Manager, and Manager of Taxable Fixed Income for American Century. He earned a B.A. in business economics and accounting from the University of California, Santa Barbara and a Master of Management in finance and economics from the J.L. Kellogg Graduate School of Management, Northwestern University. Mr. Tyler has earned the right to use the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

13.8

Category Average

4.96

Category Mode

1.6