Principal Funds has added five new portfolios to its Principal LifeTime funds series. Originally offered in 10-year increments, the new portfolios provide LifeTime series funds at five-year intervals from 2010 through 2055.
Principal LifeTime funds are a series of target-date investment options that provide an asset allocation choice for investors who prefer to not actively manage their asset allocation.
Michael Finnegan, chief investment officer of Principal Funds, said: Lifecycle funds are a strong choice for most investors. With the addition of five-year increments, Principal LifeTime funds offer an even greater level of choice and flexibility for investors.
These professionally managed portfolios are designed to help withstand the kind of market volatility we’re experiencing today.