Products March 25, 2008

Principal Funds Expands Target-dates to Five Year Intervals

March 25, 2008 (PLANSPONSOR.com) - Principal Funds has added five new portfolios to its Principal LifeTime funds series.
Reported by

Originally offered in 10-year increments, the new target-date portfolios provide Principal LifeTime funds at five-year intervals from 2010 through 2055. According to a press release, the five-year increments are currently available in share classes designed for retirement plan use and institutional class shares.

“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,” said Michael Finnegan, Principal Funds chief investment officer, in the release.

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For more information, go to https://www.principalfunds.com/investor/index.shtm .

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