Fund Research for Principal LifeTime 2045 R3 (LTRVX)

  • Fund Overview

    Fund Inception Date: Feb 29, 2008
    Category: Target Date 2041-2045
    Overall Risk: —
    Fund Family: Principal Funds
    Return Since Inception: -12.53%
    YTD Return: 26.03%
    Yield (TTM): 1.56%
    Net Assets: 11.48 M
    Morningstar Rating: —
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/24/2009
    The investment seeks a total return consisting of long-term growth of capital and current income. The fund invests in underlying Principal domestic and foreign equity, hybrid, and fixed-income funds according to an asset allocation strategy designed for investors having an investment time horizon comparable to that of the fund. It allocates the assets more conservatively over time. The fund may invest in any of the Institutional Class shares of the equity funds or fixed-income funds of Principal Funds, at the sub-advisors discretion.

    Stock Holdings


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    Size
    Average Market Cap $20,520.20 M
    Market Capitalization Portfolio
    Giant 40.81%
    Large 30.67%
    Medium 22.19%
    Small 5.25%
    Micro 1.08%

    Bond Holdings


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    Details
    Average Eff Duration 4.18 Yrs
    Average Eff Maturity 6.77 Yrs
    Average Credit Quality BBB
    View Fund Portfolio
    Style Box Detail calculations do not include the fund's short positions (if any) Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 02/29/2008 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 26.03% 36.70% — — — -12.53%
    +/- Category -3.08% -4.30% — — — —
    +/- Morningstar Moderate Target Risk — — — — 4.76% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 19.48% 14.40% — — — -12.53%
    Quarter (as of 09/30/2009) 22.68% -3.86% — — — -11.70%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/24/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/24/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 02/29/2008
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 17.38%
    Service 38.47%
    Manufacturing 30.81%
    Bond Quality
    AAA 35.49%
    AA 1.21%
    A 4.63%
    BBB 7.78%
    BB 13.75%
    B 19.95%
    Below B 15.34%
    Not Rated 1.85%

    Asset Allocation

    Short Long Net Assets
    Cash 5.16% 6.55% 1.39%
    Stocks 0.00% 87.60% 87.60%
    Bonds 0.72% 11.16% 10.44%
    Other 0.00% 0.40% 0.40%
    Foreign Stocks
    (as a % of assets)    		 0.00% 27.31% 27.31%
    Data as of 08/31/2009 Data as of 10/31/2009 View Fund Portfolio

    Top 10 Holdings

    Stock Holdings Sector P/E Return as of 10/31/2009 Net Assets
    The stock holdings of LTRVX are not amongst the fund's top 10 holdings.
    Bond & Other Holdings Maturity Date Total Holdings Value of Holdings Net Assets
    + Principal Discp Large Cap Blend Inst — 909,514.00 9.71 M 12.07%
    + Principal Large Cap Growth I Inst — 896,501.00 6.41 M 7.96%
    + Principal International Value I Instl — 563,204.00 6.26 M 7.77%
    + Principal International Growth Inst — 767,458.00 6.04 M 7.50%
    + Principal Large Cap Growth Inst — 873,956.00 5.72 M 7.10%
    + Principal Large Cap Blend I Inst — 754,890.00 5.21 M 6.47%
    + Principal International I Inst — 481,866.00 5.1 M 6.33%
    + Principal High Yield I Inst — 410,342.00 4.31 M 5.35%
    + Principal Intl Emerging Markets Inst — 195,040.00 4.13 M 5.13%
    + Principal Large Cap Value I Inst — 420,649.00 3.95 M 4.91%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    P/E as of 11/25/2009
    All other data as of 09/30/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 03/01/2009
    Expense Ratio (based on net assets) 0.74%
    Taken from annual report dated 10/31/2008

  • Fund Management

    Dirk Laschanzky
    Start Date: 02/29/2008
    Laschanzky is a portfolio manager for PGI, responsible for portfolio implementation strategies, asset allocation and managing the midcap value and index portfolios. Prior to joining PGI in 1997, he was a portfolio manager and analyst for over seven years at AMR Investment Services. Laschanzky holds the Chartered Financial Analyst designation.
    David Blake
    Start Date: 03/31/2008
    Blake is the executive director and chief investment officer of fixed income for Principal Global Investors. Prior to joining Principal Global Investors in 2000, he was a senior portfolio manager for Boatmen's Capital Management, a subsidiary of Bank of America, where he began his career in 1989. He has earned the right of the Chartered Financial Analyst designation and is a member of the CFA Institute.
    Michael P. Finnegan
    Start Date: 02/29/2008
    Finnegan is a senior vice president of Principal and serves as the firm's chief investment officer. He joined the Principal Financial Group in May of 2001 and leads the Investment Services group. As head of Investment Services, Finnegan is primarily responsible for developing and implementing Principal's investment and product development strategies. Finnegan holds the Chartered Financial Analyst designation.
    Randy L. Welch
    Start Date: 02/29/2008
    Welch is a vice president of Principal. He 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. Welch has the NASD Series 7, 24, 63, and 66 licenses and is also an affiliate member of the Chartered Financial Analysts (CFA) Institute.
    James Fennessey
    Start Date: 02/29/2008
    Fennessey joined the Principal Financial Group in 2000. He is a member 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. Fennessey holds the Chartered Financial Analyst designation.
    Tim Dunbar
    Start Date: 03/31/2008
    Dunbar is executive director and head of equities for Principal Global Investors. In this capacity, he oversees the business management and strategic direction of the firm's equity group on a global basis. He joined the firm in 1986 and has held a wide range of investment management roles and has been a member of the Principal Global Investors senior management team for nearly five years. Most recently, he was responsible for overseeing asset management merger and acquisition activities.