PHTEX — Principal LifeTime Hybrid Income Fund
Data updated: 2026-09-25
PHTEX — Principal LifeTime Hybrid Income Fund. Target Date / Glide Path Allocation · $736.64M AUM. Holdings, fees, performance and SEC filings.
PHTEX Fund Overview
PHTEX — Principal LifeTime Hybrid Income Fund is a US mutual fund managed by Principal Funds, Inc., categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Principal Funds, Inc.
- Category: Target Date / Glide Path Allocation
- Assets under management: $736.64M
- 1-year return: 8.2%
- Ticker: PHTEX
- SEC CIK: 0000898745
- SEC series ID: S000046553
- Share class ID: C000210676
PHTEX Investment Objective and Strategy
Principal LifeTime Hybrid Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Principal Funds, Inc..
Investment objective
The Fund seeks current income
Principal investment strategy
The Fund invests according to an asset allocation strategy designed for investors primarily seeking current income and secondarily capital appreciation. The Fund's asset allocation is designed for investors who are approximately 15 years beyond the normal retirement age of 65. The Fund is a fund of funds that invests in underlying funds of Principal Funds, Inc. (PFI), with a majority of the Fund's assets invested in index funds. Its underlying funds consist of domestic and foreign equity funds, fixed-income funds, real asset funds, and other funds that aim to offer diversification beyond traditional equity and fixed-income securities. The diversification of the Fund is designed to moderate overall price volatility. The Fund may add, remove, or substitute underlying funds at any time. The Fund is managed with strategic or long-term asset class targets and target ranges.
There is a rebalancing strategy that aligns with the target weights to identify asset classes that are either overweight or underweight. The Fund may shift asset class targets in response to normal evaluative processes, the shortening time horizon of the Fund or changes in market forces or Fund circumstances. In selecting underlying funds and target weights, the Fund considers both quantitative measures (e.g., past performance, expected levels of risk and returns, expense levels, diversification and style consistency) and qualitative factors (e.g., organizational stability, investment experience, investment and risk management processes, and information, trading, and compliance systems). There are no minimum or maximum percentages of assets that the Fund must invest in a specific asset class or underlying fund.
The underlying funds invest in growth and value stocks of large market capitalization companies, fixed-income securities, domestic and foreign securities, securities denominated in foreign currencies, investment companies (including index funds), securitized products, U.S. government and U.S. government-sponsored securities, and derivatives. A derivative is a financial arrangement, the value of which is derived from, or based on, a traditional security, asset, or market index. The underlying funds principally use futures, options, swaps (including, for example, credit default, interest rate, and currency swaps) and forwards in order to gain exposure to a variety of securities or asset classes or attempt to reduce risk.
PHTEX Holdings
Top 10 holdings of Principal LifeTime Hybrid Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Bond Market Index Fund | 34.16% |
| LargeCap S&P 500 Index Fund | 19.02% |
| Short-Term Income Fund | 16.78% |
| International Equity Fund | 8.90% |
| High Yield Fund | 6.47% |
| Inflation Protection Fund | 5.70% |
| Global Emerging Markets Fund | 2.43% |
| Real Estate Securities Fund | 1.89% |
| SmallCap S&P 600 Index Fund | 1.82% |
| MidCap S&P 400 Index Fund | 1.70% |
PHTEX Portfolio Allocation
Asset-class allocation of Principal LifeTime Hybrid Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.9% |
PHTEX Performance
Total returns for PHTEX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 8.2% |
PHTEX Risk Information
Risk metrics for PHTEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.2%
PHTEX Costs and Fees
PHTEX costs about $91 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.91%
- Gross expense ratio: 0.95%
- Portfolio turnover: 27%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
PHTEX Cashflows
Over the 12 months to 2026-04, Principal LifeTime Hybrid Income Fund had net inflows of $22.05M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $2.58M |
| 2026-03 | $1.88M |
| 2026-02 | $2.43M |
| 2026-01 | $7.54M |
| 2025-12 | $4.21M |
| 2025-11 | $559.53K |
PHTEX Debt Constituents
No individual debt constituents are reported in Principal LifeTime Hybrid Income Fund's latest SEC N-PORT filing.
PHTEX Prospectus and SEC Filings
Official Principal LifeTime Hybrid Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus (485BPOS) — filed 2024-02-27
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-25
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.