Morningstar

Principal LifeTime 2040 Fund R-3 Class PTDMX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 17.20  /  −0.29 %
  • Total Assets 4.3B
  • Adj. Expense Ratio
    1.110%
  • Expense Ratio 0.570%
  • Distribution Fee Level High
  • Share Class Type Retirement, Medium
  • Category Target-Date 2040
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Status Open
  • TTM Yield 1.72%
  • Turnover 39%

USD | NAV as of Jul 21, 2026 | 1-Day Return as of Jul 21, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PTDMX

Will PTDMX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PTDMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PTDMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PTDMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Underlying fund managers need to pull through.

Senior Analyst Hyunmin Kim

Hyunmin Kim

Senior Analyst

Summary

Capable asset allocators support the Principal Lifetime target-date series, yet under its new proprietary structure, the series’ underlying active fund managers have struggled to hold up their end.

by Hyunmin Kim
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PTDMX

More PTDMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 92.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Principal Large Cap S&P 500 Index Inst

21.77 969M
—

Principal Core Fixed Income R6

19.27 858M
—

Principal International Equity R-6

19.26 857M
—

Principal Glb Emerging Markets R6

5.67 252M
—

Principal Equity Income Inst

5.61 250M
—

Principal Large Cap Value III Inst

5.23 233M
—

Principal LargeCap Growth I R6

4.79 213M
—

Principal Blue Chip R6

4.18 186M
—

Principal SmallCap R6

3.64 162M
—

Principal High Yield R-6

3.25 145M
—

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