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TheStreet Open House

The Principal Trust Target Date Collective Investment Funds Exceed $1 Billion In Assets

Stocks in this article: PFG

The Principal Trust SM Target Date Collective Investment Funds 1, launched July 2009 by Principal Trust Company, recently exceeded $1 billion in assets. The funds are a target date investment series developed exclusively for qualified retirement plans through a collective investment trust.

“We’re pleased with the funds’ strong returns and growth,” said Art Bacci, president and CEO of Principal Trust Company and Principal Bank. “We launched these funds because financial professionals and their plan sponsor clients wanted additional choices. The growth in this fund series demonstrates continued strong demand for this type of investment option that includes passively managed underlying assets.”

Full range of asset allocation choicesThe Principal Trust Target Date Funds series is one of two target date options—along with Principal LifeTime Funds—available from the Principal Financial Group ®. They are part of a suite of asset allocation products and services that is among the most comprehensive in the industry. Other choices include:

  • Principal Strategic Asset Management Portfolios—a target-risk option
  • The Principal Managed Account Program SM—ongoing independent investment advice through Ibbotson Associates
  • RetireView SM—an educational asset allocation service

For more information about the Principal Trust Target Date Collective Investment Funds, visit http://www.principal.com/rates.htm

About the Principal LifeTime FundsPrincipal LifeTime Funds invest in underlying Principal Funds and each is managed toward a particular target (retirement) date, or the approximate date the participant or investor starts withdrawing money. Investors choose the portfolio most closely matching their approximate retirement date. 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 portfolio continues to be managed for approximately 15 years beyond the original target date. It is expected that within 10 to 15 years after its target year, the allocation will match that of the Principal LifeTime Strategic Income investment. 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 investment options are guaranteed at any time, including the target date. Investment risk remains at all times.

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