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PENAX Principal LifeTime 2010 A

PENAX - Profile

Vitals

  • YTD Return 10.9%
  • 3 Yr Annualized Return 0.2%
  • 5 Yr Annualized Return -0.6%
  • Net Assets $743 M
  • Holdings in Top 10 82.8%

52 WEEK LOW AND HIGH

$13.38
$12.03
$13.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.38%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 21.70%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 10.9%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return -0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.40%
DIVIDENDS
  • Dividend Yield 2.3%
  • 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 (%)
YTD 10.9% -0.8% 20.2% 75.39%
1 Yr -2.8% -22.1% 5.8% 56.26%
3 Yr 0.2%* -18.1% 9.1% 75.68%
5 Yr -0.6%* -11.7% 5.1% 54.71%
10 Yr 2.9%* -3.6% 6.1% 50.12%

* Annualized


Return Ranking - Calendar

Period PENAX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.5% -30.8% -0.6% 32.95%
2017 6.0% -36.9% 19.9% 82.46%
2016 1.0% -5.2% 8.2% 84.04%
2015 -5.8% -25.3% -1.4% 51.43%
2014 2.7% -12.7% 6.9% 34.00%

Total Return Ranking - Trailing

Period PENAX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.9% -0.8% 20.2% 75.39%
1 Yr -2.8% -22.1% 7.9% 70.27%
3 Yr 0.2%* -18.1% 11.0% 93.62%
5 Yr -0.6%* -11.7% 7.4% 85.42%
10 Yr 2.9%* -3.6% 9.7% 90.37%

* Annualized


Total Return Ranking - Calendar

Period PENAX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.5% -25.4% 1.3% 62.13%
2017 6.0% -36.9% 23.3% 93.51%
2016 1.0% -3.2% 12.3% 94.72%
2015 -5.8% -25.3% 3.9% 87.50%
2014 2.7% -8.5% 8.9% 79.25%

NAV & Total Return History

PENAX - Holdings

Concentration Analysis

PENAX Category Low Category High PENAX % Rank
Net Assets 743 M 98.1 K 32.2 B 31.96%
Number of Holdings 20 3 489 56.27%
Net Assets in Top 10 618 M 20.6 K 23.5 B 31.25%
Weighting of Top 10 82.83% 25.2% 103.0% 49.54%

Top 10 Holdings

  1. Principal Core Plus Bond Inst 18.71%

  2. Principal Short-Term Income Inst 18.13%

  3. Principal Bond Market Index Instl 11.72%

  4. Principal High Income Inst 6.80%

  5. Principal Large Cap S&P 500 Index Inst 5.61%

  6. Principal Global Multi-Strategy R-6 5.55%

  7. Principal Inflation Protection Inst 5.34%

  8. Principal Diversified International R-6 3.83%

  9. Principal Overseas Instl 3.71%

  10. Principal Blue Chip R-6 3.40%


Asset Allocation

Weighting Return Low Return High PENAX % Rank
Bonds
62.15% -156.19% 74.85% 2.45%
Stocks
33.73% 0.00% 94.44% 93.06%
Cash
3.47% -10.09% 187.11% 56.90%
Convertible Bonds
0.49% 0.00% 3.46% 11.42%
Other
0.13% -0.13% 13.39% 39.94%
Preferred Stocks
0.03% 0.00% 0.73% 45.34%

Stock Sector Breakdown

Weighting Return Low Return High PENAX % Rank
Financial Services
6.77% 3.45% 19.06% 84.42%
Technology
5.94% 2.72% 18.51% 90.46%
Consumer Cyclical
4.40% 2.04% 12.22% 86.60%
Industrials
4.15% 0.55% 11.80% 85.19%
Healthcare
3.42% 1.80% 11.96% 95.65%
Consumer Defense
2.06% 1.11% 14.82% 96.84%
Energy
1.83% 0.56% 5.43% 87.09%
Basic Materials
1.71% 0.20% 5.03% 82.46%
Real Estate
1.33% 0.46% 10.25% 91.44%
Communication Services
1.10% 0.33% 3.73% 85.68%
Utilities
1.07% 0.03% 4.25% 88.49%

Stock Geographic Breakdown

Weighting Return Low Return High PENAX % Rank
US
22.87% 0.00% 64.57% 89.35%
Non US
10.86% 0.00% 42.22% 92.99%

Bond Sector Breakdown

Weighting Return Low Return High PENAX % Rank
Corporate
28.50% 1.25% 39.64% 2.80%
Securitized
18.41% 0.00% 29.97% 4.34%
Government
14.91% -2.84% 37.62% 36.16%
Derivative
7.68% -170.75% 16.06% 3.15%
Municipal
0.09% 0.00% 1.57% 49.19%
Cash & Equivalents
-3.43% -13.40% 187.10% 96.22%

Bond Geographic Breakdown

Weighting Return Low Return High PENAX % Rank
US
56.44% -189.52% 69.15% 1.82%
Non US
5.71% 0.00% 33.33% 23.90%

PENAX - Expenses

Operational Fees

PENAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.38% 0.00% 122.38% 72.67%
Management Fee 0.00% 0.00% 1.02% 13.10%
12b-1 Fee 0.25% 0.00% 1.00% 51.75%
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

PENAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.00% 5.75% 80.75%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

PENAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 21.70% 0.00% 200.00% 42.40%

PENAX - Distributions

Dividend Yield Analysis

PENAX Category Low Category High PENAX % Rank
Dividend Yield 2.32% 0.00% 3.94% 20.53%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PENAX Category Low Category High PENAX % Rank
Net Income Ratio 2.40% -1.78% 6.29% 17.28%

Capital Gain Distribution Analysis

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

PENAX - Managers

Randy L. Welch

Manager

Start Date

Tenure

Tenure Rank

Jun 01, 2007

12.26

12.3%

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

Tenure

Tenure Rank

Jun 01, 2007

12.26

12.3%

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 W. Smith

Manager

Start Date

Tenure

Tenure Rank

May 02, 2017

2.33

2.3%

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

0.04

Category High

14.84

Category Average

4.73

Category Mode

1.0