Request URL: http://www.principalfunds.com/InvestmentProfiles/index.faces
Investment Type: pifretail

Principal LifeTime 2050 Fund (A) (PPEAX)






Class A | Class B | Class J

Quick Facts


PPEAX
06/28/2005

03/01/2001
Target Date 2046-2050
$2,193.74

Investment Strategy

   What's this?
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.




Morningstar Style Box™

  as of 07/31/2014
What's this?
Investment Style
Stylebox Market Capitalization
Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

  as of 08/31/2014
What's this?

Out of 156 Target Date 2046-2050 Funds

StarRating

Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.


Total Returns



Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.

Where gross and net expense ratios differ, Principal Management Corporation has contractually agreed to limit the investment option's expenses. Differences also may be due to Principal Management Corporation's decision to pay (through the same dates) certain expenses that would normally be payable by the fund. Returns displayed are based on net total investment expense.
The Principal LifeTime portfolios, which are target date portfolios, invest in underlying Principal Funds. Each Principal LifeTime portfolio is managed toward a particular target (retirement) date, or the approximate date the participant or investor starts withdrawing money. As each Principal LifeTime portfolio approaches its target date, the investment mix becomes more conservative by increasing exposure to generally more conservative investment options and reducing exposure to typically more aggressive investment options. The asset allocation for each Principal LifeTime portfolio is regularly re-adjusted within a time frame that extends 10-15 years beyond the target date, at which point it reaches its most conservative allocation. Principal LifeTime portfolios assume the value of the investor's account will be withdrawn gradually during retirement. Neither the principal nor the underlying assets of the Principal LifeTime portfolios are guaranteed at any time, including the target date. Investment risk remains at all times.


Month-End | Quarter-End
Average Annual Total Returns as of 08/31/2014
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Inception*
Excluding Sales Charge % 2.86 3.27 6.54 20.02 14.99 13.31 7.07 5.30
Including Sales Charge % -2.83 -2.40 0.65 13.45 12.84 12.02 6.47 4.86
S&P Target Date 2050 Index % 2.72 2.57 6.60 19.75 15.19 13.28 --- ---
Target Date 2046-2050 Category % 2.78 2.91 6.75 18.75 13.71 12.37 7.17 ---
Morningstar Percentile Rankings** --- --- --- 29 34 26 60 ---
# of Funds in Category 226 226 218 212 156 128 6 ---
06/28/200503/01/2001
**Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.


Expenses

  as of 08/31/2014
Total Investment Expense - Gross: 1.32%
Total Investment Expense - Net: 1.15%
Waiver Date: 02/28/2015
Contractual Cap Date: 02/28/2015
Maximum Up-front Sales Charge: 5.50%
Contingent Deferred Sales Charge: 1.00%
12b-1 Fee: 0.25%



Growth of $10,000

   What's this?

Flash Player is required We've recently updated our site to use Adobe Flash Player 9.0.115 or higher. To use this application you need to install the Adobe Flash Player plug-in for your browser using the link below.

Get Adobe Flash player



Represents performance for Class A shares adjusted for the maximum sales charge and assumes the reinvestment of distributions.

Performance assumes reinvestment of all dividends and capital gains. Extended performance is calculated based on the historical performance of the investment option's oldest share class, adjusted for the fees and expenses of the share class shown. Periods of less than one year are not annualized.



Inv Manager or Sub-Advisor

   What's this?
Principal Management Corp

Principal Global Investors



Portfolio Managers

   What's this?
Dirk Laschanzky , CFA
Since 03/01/2001
M.B.A. , University of Iowa

Randy L. Welch
Since 05/29/2007
M.B.A. , Drake University

James W. Fennessey , CFA
Since 05/29/2007
B.S. , Truman State University

Jeffrey R. Tyler , CFA
Since 03/01/2011
Master , Northwestern University

Matthew Annenberg , CFA
Since 03/01/2013
B.A. , Harvard College






Morningstar
© 2014 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The full name of this investment option is Principal LifeTime 2050 Fund (A).

Investors should carefully consider a fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting principalfunds.com, or calling 800-222-5852. Read the prospectus carefully before investing.

Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc., member of the Principal Financial Group®. Principal Funds Distributor, Principal Shareholder Services, Principal Management Corporation and its affiliates, and Principal Funds, Inc. are collectively referred to as Principal Funds.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency

S&P Target Date 2050 Index provides varying levels of exposure to equities and fixed income. Each target date allocation is created and retired according to a pre-determined schedule related to the respective target date.

Equity investment options involve greater risk, including heightened volatility, than fixed-income investment options. Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise.

Asset allocation does not guarantee a profit or protect against a loss. Investing in real estate, small-cap, international, and high-yield investment options involves additional risks. Additionally there is no guarantee this investment option will provide adequate income at or through retirement.

This Principal LifeTime Fund indirectly bears its pro rata share of the management fees incurred by the underlying Principal Funds in which this fund invests. Based on the asset allocation of the Principal LifeTime Funds outlined in the prospectus dated March 1, 2014, the weighted average operating expenses of the underlying funds are: Principal LifeTime Strategic Income, 0.59%; Principal LifeTime 2010, 0.63%; Principal LifeTime 2020, 0.67%; Principal LifeTime 2030, 0.71%; Principal LifeTime 2040, 0.74%; Principal LifeTime 2050, 0.74%. While the operating expenses of the underlying mutual funds are not part of the Principal LifeTime Fund's operating expenses they are included in the Total Investment Expense. Performance results shown for the Principal LifeTime Fund reflect the application of these expenses.

These calculated returns reflect the historical performance of the oldest share class of the fund, adjusted to reflect a portion of the fees and expenses of this share class. For time periods prior to inception date of the fund, predecessor performance is reflected. Please see the fund's prospectus for more information on specific expenses, and the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class.

Fixed-income and asset allocation investment options that invest in mortgage securities are subject to increased risk due to real estate exposure.