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Mutual Fund Insights: Principal LifeTime 2020 R2 Fund (PTBNX)

In-depth Analysis of Principal LifeTime 2020 R2 Fund (PTBNX)

Mutual fund chart: Principal LifeTime 2020 R2 Fund (PTBNX)

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1 year
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See Principal LifeTime 2020 R2 Fund (PTBNX) performance details as of January 31, 2010

Last Trade: $10.78 on 3/17/2010, Change: +0.05 (0.47%)

Fund Manager - Dirk Laschanzky

Fund Manager Tenure: 9.0 years [Similar Funds: PTBAX PTBMX PTBPX PTBSX ]
Fundmojo Fund Grade: D (Score: 0.43) (What does this score mean?)

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. Get more insights on Dirk Laschanzky

What we like about Principal LifeTime 2020 R2 Fund (PTBNX)

Data for Principal LifeTime 2020 R2 Fund (PTBNX) as of January 31, 2010

Principal LifeTime 2020 R2 Fund (PTBNX) management has been with Principal LifeTime 2020 R2 Fund for 9.0 years
Principal LifeTime 2020 R2 Fund (PTBNX) has good short-term performance (1-year return 31.56% vs 28.76% Target Date 2016-2020 category average)
Principal LifeTime 2020 R2 Fund (PTBNX) ratio of up-years vs down years is greater than 2
Principal LifeTime 2020 R2 Fund (PTBNX) has an annual stock turnover rate of 15.70% vs Target Date 2016-2020 average of 42.34%. It is good that Principal LifeTime 2020 R2 management does not trade extensively for its return.

What we are cautious about Principal LifeTime 2020 R2 Fund (PTBNX)

Data for Principal LifeTime 2020 R2 Fund (PTBNX) as of January 31, 2010

Principal LifeTime 2020 R2 Fund is a focused fund with 70.68% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
Principal LifeTime 2020 R2 Fund (PTBNX) has a less-than-ideal mid-term performance (3-year return -5.78% vs -4.19% Target Date 2016-2020 category average)
Principal LifeTime 2020 R2 Fund (PTBNX) has a less-than-ideal Long-term performance (5-year return 0.93% vs 1.47% Target Date 2016-2020 category average)
Principal LifeTime 2020 R2 Fund (PTBNX) has a Morningstar rating of 3 and below
Principal LifeTime 2020 R2 Fund (PTBNX) is less safe compared to its Target Date 2016-2020 peers
Principal LifeTime 2020 R2 Fund (PTBNX) does not have a good risk adjusted return as its 3-year Alpha of -5.47 is worse than category average of -4.04, and its 3-year Sharpe ratio is -0.36
Principal LifeTime 2020 R2 Fund (PTBNX) is more volatile than its peers as it has a 3-year Standard Deviation of 17.63 that is higher than category average of 16.61
Principal LifeTime 2020 R2 Fund (PTBNX) has a higher management fee of 1.50% than its Target Date 2016-2020 average of 0.68%
Even though Principal LifeTime 2020 R2 Fund carries no load, it does have a 0.30% of 12b1 promotion, distributions, marketing expenses

See Principal LifeTime 2020 R2 Fund (PTBNX) performance details as of January 31, 2010

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Principal LifeTime 2020 R2 Fund (PTBNX) Net Asset

Track net asset change of Principal LifeTime 2020 R2 fund (PTBNX)

Date	Net Asset
01/2010	$98.61M
11/2009	$98.20M
10/2009	$94.35M

More historic net asset information on Principal LifeTime 2020 R2 Fund (PTBNX)

Principal LifeTime 2020 R2 Fund (PTBNX) Portfolio Allocation

Track portfolio allocation change of Principal LifeTime 2020 R2 fund (PTBNX)

Date	Cash	Stock	Bond	Other
10/2009	13.41%	57.76%	25.39%	3.43%
09/2009	11.15%	59.57%	25.72%	3.56%
08/2009	10.09%	59.64%	26.53%	3.74%

Click here to see more historic asset allocation information on Principal LifeTime 2020 R2 Fund (PTBNX)

Most Recent Top 10 Holdings in Principal LifeTime 2020 R2 Fund (PTBNX)

Discover what Principal LifeTime 2020 R2 Fund (PTBNX) manager is buying

31-Oct-09

Principal Bond & Mtg Securities Inst [12.88%]
Principal Discp Large Cap Blend Inst [10.25%]
Principal Core Plus Bond I Institutional [9.02%]
Principal Preferred Securities Inst [5.71%]
Principal Large Cap Growth I Inst [5.59%]
Principal High Yield I Inst [5.5%]
Principal Large Cap Blend I Inst [5.4%]
Principal International Value I Instl [5.34%]
Principal International I Inst [5.31%]
Principal International Growth Inst [5.29%]

30-Sep-09

Principal Bond & Mtg Securities Inst [12.54%]
Principal Discp Large Cap Blend Inst [10.32%]
Principal Core Plus Bond I Institutional [8.6%]
Principal Preferred Securities Inst [5.62%]
Principal Large Cap Growth I Inst [5.59%]
Principal International Value I Instl [5.44%]
Principal Large Cap Blend I Inst [5.41%]
Principal International I Inst [5.35%]
Principal High Yield I Inst [5.32%]
Principal International Growth Inst [5.26%]

31-Aug-09

Principal Bond & Mtg Securities Inst [15.97%]
Principal Discp Large Cap Blend Inst [10.39%]
Principal Core Plus Bond I Institutional [6.74%]
Principal Preferred Securities Inst [5.75%]
Principal Large Cap Growth I Inst [5.57%]
Principal Large Cap Blend I Inst [5.43%]
Principal High Yield I Inst [5.41%]
Principal International Growth Inst [5.26%]
Principal International I Inst [5.22%]
Principal International Value I Instl [5.16%]

Click here for Stock Holding Change Map in Principal LifeTime 2020 R2 Fund (PTBNX)

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Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data.