PTBAX Fees and Costs — Principal LifeTime 2020 Fund, Class A
Data updated: 2026-09-25
The net expense ratio is 0.80%. This share class carries a maximum front-end sales load of 3.75% and a deferred sales charge of up to 1.00%. Portfolio turnover was 26%.
PTBAX Fees and Expenses
Annual operating expenses and sales charges of PTBAX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PTBAX Costs Over Time
On $10,000 invested in PTBAX, assuming 5% a year before costs, total costs come to $962 over 5 years, cutting the return by 1.63% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $475 | $375 | $375 |
| Fund expenses (net expense ratio 0.80%) | $81 | $253 | $439 |
| Lost growth on money paid in costs | $19 | $72 | $148 |
| Total costs | $575 | $699 | $962 |
| Value after costs | $9,925 | $10,877 | $11,801 |
| Impact on return, per year | 5.75% | 2.16% | 1.63% |
PTBAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
Principal LifeTime 2020 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PLWIX | Institutional Class | 0.48% | none |
| PLFJX | Class J | 0.64% | none |
| PTBPX | Class R-5 | 0.73% | none |
| PTBAX | Class A | 0.80% | 3.75% |
| PTBMX | Class R-3 | 1.04% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.