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