Principal LifeTime 2040 Fund (PTDMX)

Overview

The fund is an investment vehicle primarily focusing on equity securities of companies with medium market capitalizations, indicating a specific interest in firms that fall within the range of the Russell MidCap® Index in terms of market capitalization. This fund distinguishes itself by committing at least 80% of its net assets, in addition to any borrowings intended for investment purposes, to such equities. Furthermore, the fund showcases its global investment approach by allocating a portion of its assets to foreign securities, thereby offering investors exposure to international market dynamics and diversification opportunities beyond domestic equities.

Products and Services

• Equity Securities Investment

  Primarily, the fund invests in equity securities of medium market capitalization companies, aiming to capitalize on the growth potential of these firms. By maintaining at least 80% of its net assets in such investments, the fund seeks to leverage the balance between the innovative agility of small-cap companies and the stability of large-cap companies, targeting those within the range of the Russell MidCap® Index.

• Foreign Securities Investment

  In addition to domestic equities, the fund extends its investment horizon to the global market by investing in foreign securities. This strategy not only diversifies the investment portfolio against the volatility of the domestic market but also enables investors to benefit from growth opportunities in emerging and developed markets worldwide.