PENAX: Principal LifeTime 2010 Fund - MutualFunds.com

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PENAX - Snapshot

Vitals

  • YTD Return 8.8%
  • 3 Yr Annualized Return 4.7%
  • 5 Yr Annualized Return 5.3%
  • Net Assets $710 M
  • Holdings in Top 10 87.5%

52 WEEK LOW AND HIGH

$13.98
$11.20
$14.02

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.38%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 37.40%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Compare PENAX to Popular Target-Date 2000-2010 Funds

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$16.58

+0.36%

$5.29 B

1.79%

$0.30

6.21%

-

$12.02

+0.42%

$3.83 B

1.91%

$0.23

7.32%

-

$19.79

+0.10%

$3.62 B

2.12%

$0.42

9.76%

-

$14.97

+0.13%

$1.25 B

2.14%

$0.32

9.27%

-

$14.96

+0.40%

$1.16 B

1.81%

$0.27

8.96%

-

PENAX - Profile

Distributions

  • YTD Total Return 8.8%
  • 3 Yr Annualized Total Return 3.3%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.52%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 8.8% 4.6% 10.1% 26.89%
1 Yr 5.7% 2.1% 8.1% 29.75%
3 Yr 4.7%* 3.4% 5.9% 64.21%
5 Yr 5.3%* 3.0% 6.4% 79.12%
10 Yr 5.6%* 2.5% 6.6% 62.50%

* Annualized

Return Ranking - Calendar

Period PENAX Return Category Return Low Category Return High Rank in Category (%)
2019 6.8% -1.8% 13.0% 88.79%
2018 -11.5% -12.5% -4.2% 85.23%
2017 6.0% -11.0% 8.8% 51.90%
2016 1.0% -0.1% 5.5% 81.58%
2015 -5.8% -8.6% -1.4% 73.13%

Total Return Ranking - Trailing

Period PENAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.8% 4.6% 10.1% 26.89%
1 Yr 1.8% -3.0% 8.1% 89.26%
3 Yr 3.3%* 2.1% 5.9% 92.63%
5 Yr 4.5%* 2.6% 6.4% 87.91%
10 Yr 5.2%* 2.5% 6.6% 76.25%

* Annualized

Total Return Ranking - Calendar

Period PENAX Return Category Return Low Category Return High Rank in Category (%)
2019 6.8% -1.8% 13.0% 88.79%
2018 -11.5% -12.4% -2.5% 92.05%
2017 6.0% -11.0% 12.5% 82.28%
2016 1.0% -0.1% 8.0% 90.79%
2015 -5.8% -6.6% -0.1% 88.06%

NAV & Total Return History


PENAX - Holdings

Concentration Analysis

PENAX Category Low Category High PENAX % Rank
Net Assets 710 M 120 K 5.29 B 32.23%
Number of Holdings 19 7 46 66.12%
Net Assets in Top 10 629 M 88.7 K 4.28 B 32.23%
Weighting of Top 10 87.47% 72.1% 100.0% 25.83%

Top 10 Holdings

  1. Principal Core Fixed Income R6 24.03%
  2. Principal Short-Term Income Inst 18.13%
  3. Principal Bond Market Index Instl 14.21%
  4. Principal High Income Inst 6.24%
  5. Principal Large Cap S&P 500 Index Inst 5.41%
  6. Principal Diversified International R-6 5.19%
  7. Principal Inflation Protection Inst 4.46%
  8. Principal Overseas Instl 3.35%
  9. Principal Blue Chip R-6 3.32%
  10. Principal LargeCap Growth I R6 3.13%

Asset Allocation

Weighting Return Low Return High PENAX % Rank
Bonds
65.11% 48.77% 70.88% 5.79%
Stocks
31.77% 18.19% 42.27% 68.60%
Cash
2.51% 1.46% 21.06% 95.04%
Convertible Bonds
0.34% 0.00% 1.10% 93.39%
Other
0.20% -0.79% 12.19% 34.71%
Preferred Stocks
0.08% 0.00% 0.56% 76.86%

Stock Sector Breakdown

Weighting Return Low Return High PENAX % Rank
Technology
17.68% 11.51% 22.04% 74.38%
Financial Services
16.04% 11.55% 17.30% 42.15%
Industrials
12.77% 8.53% 12.77% 4.96%
Consumer Cyclical
12.28% 5.41% 13.83% 39.67%
Healthcare
10.75% 10.23% 17.04% 87.60%
Communication Services
8.51% 5.46% 10.03% 74.38%
Consumer Defense
6.24% 6.24% 11.00% 98.35%
Basic Materials
5.10% 3.19% 6.22% 51.24%
Real Estate
4.36% 1.91% 18.17% 30.58%
Utilities
3.53% 2.02% 7.45% 28.93%
Energy
2.74% 1.74% 4.98% 85.12%

Stock Geographic Breakdown

Weighting Return Low Return High PENAX % Rank
US
20.51% 9.19% 28.05% 50.41%
Non US
11.26% 8.03% 19.03% 74.38%

Bond Sector Breakdown

Weighting Return Low Return High PENAX % Rank
Corporate
45.32% 0.30% 58.25% 13.22%
Government
23.60% 23.60% 92.49% 98.35%
Securitized
18.22% 0.00% 30.01% 29.75%
Cash & Equivalents
11.05% 2.38% 27.83% 58.68%
Derivative
1.69% 0.00% 3.47% 12.40%
Municipal
0.12% 0.00% 2.42% 79.34%

Bond Geographic Breakdown

Weighting Return Low Return High PENAX % Rank
US
60.91% 36.29% 69.62% 5.79%
Non US
4.20% 1.26% 17.42% 84.30%

PENAX - Expenses

Operational Fees

PENAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.38% 0.01% 1.75% 64.10%
Management Fee 0.00% 0.00% 0.57% 11.57%
12b-1 Fee 0.25% 0.00% 1.00% 50.00%
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 37.40% 5.00% 96.00% 53.33%

PENAX - Distributions

Dividend Yield Analysis

PENAX Category Low Category High PENAX % Rank
Dividend Yield 0.00% 0.00% 0.00% 67.77%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PENAX Category Low Category High PENAX % Rank
Net Income Ratio 2.52% 0.81% 3.05% 18.49%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PENAX - Fund Manager Analysis

Managers

Randy Welch


Start Date

Tenure

Tenure Rank

Jun 01, 2007

13.43

13.4%

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 Fennessey


Start Date

Tenure

Tenure Rank

Jun 01, 2007

13.43

13.4%

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 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

3.5

3.5%

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
0.67 18.1 5.59 0.83
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