Principal LifeTime 2040 R5
Principal Funds IncPrincipal Financial Group 711 High StDes Moines, IA 50392
Map
Phone: 800-222-5852
| Category: | Target Date 2036-2040 | | Fund Family: | Principal Funds | | Net Assets: | 3.43B | | Year-to-Date Return: | 4.42% | | Yield: | 1.84% | | Morningstar Rating: |  | | Fund Inception Date: | Feb 28, 2001 |
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Dirk L. Laschanzky
Lead Manager since Feb 28, 2001 | | | Dirk Laschanzky, CFA - Portfolio Manager Dirk is a portfolio manager for Multi-Asset Advisors, an investment boutique of Principal Global Investors. He heads the firm's asset allocation group and is a lead manager of the Principal LifeTime Funds, a family of diversified target-date lifecycle investment funds, since their creation in 2001. He joined the firm in 1997. Previously, Dirk was a portfolio manager and analyst for over seven years at AMR Investment Services (now American Beacon Advisors) where he managed short duration fixed income portfolios and was among the team responsible for the management of the American Airlines' pension plans. He also served previously as a financial analyst for American Airlines. Dirk received an MBA and bachelor's degree, both in finance, from the University of Iowa. He has earned the right to use the Chartered Financial Analyst designation. Dirk is a member of the CFA Society of Iowa and the CFA Institute. He is also an adjunct instructor of finance at the University of Iowa graduate business school.
Financial Analyst designation. |
| Min Initial Investment: | 0 | | Min Initial Investment, IRA: | N/A | | Min Initial Investment, AIP: | N/A | | Min Subsequent Investment: | N/A | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | N/A |
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| The investment seeks a total return consisting of long-term growth of capital and current income.
The fund operates as a "target date fund." It invests in underlying Principal Funds, Inc. ("PFI") domestic and foreign equity, real asset and alternative investments, and fixed-income funds according to an asset allocation strategy designed for investors having a retirement investment goal close to the year in the fund's name. The fund invests in PFI Institutional Class shares of underlying funds. Within 10 to 15 years after its target year, the fund's underlying fund allocation is expected to match that of the Principal LifeTime Strategic Income Fund. |
| Last Dividend
(Dec 30, 2012)
:
| 0.24 | | Last Cap Gain
:
| 0.00 | | Annual Holdings Turnover
(May 15, 2013)
:
| 12.50% | | Average for Category: | 26.12% |
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| Expense | PTDPX | Category Avg |
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| Annual Report Expense Ratio (net): | 0.29% | 0.54% | | Prospectus Net Expense Ratio: | 1.03% | N/A | | Prospectus Gross Expense Ratio: | 1.03% | N/A | | Max 12b1 Fee: | N/A | N/A | | Max Front End Sales Load: | N/A | 5.24% | | Max Deferred Sales Load:
| N/A | 2.17% | | 3 Yr Expense Projection*: | 328 | 593 | | 5 Yr Expense Projection*: | 569 | 932 | | 10 Yr Expense Projection*: | 1,259 | 1,924 |
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0.11(0.78%) May 17