PZASX Performance — Principal LifeTime 2050 Fund, Class R-1
Data updated: 2026-09-25
PZASX returned +28.44% over one year to Oct 2024. Annualised returns are +2.73% over 3 years and +8.69% over 5 years. Against its Target-Date category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $108, against $109 for the category, and to $128 over one year, against $124. Volatility over the past three years was 16.60% a year. In the 12 months to Jul 2026 the fund lost a net $385.0M, and assets reached $3.16B.
PZASX Growth of $100
What $100 invested in Principal LifeTime 2050 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | PZASX | Category average |
|---|---|---|
| 1 year (Nov 2023 – Oct 2024) | $128 | $124 |
| 3 years (Nov 2021 – Oct 2024) | $108 | $109 |
| 5 years (Nov 2019 – Oct 2024) | $152 | $144 |
| Since data start (Aug 2019 – Oct 2024) | $155 | $146 |
PZASX Trailing Returns
Total returns to Oct 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +28.44% |
| 3 years (annualised) | +2.73% |
| 5 years (annualised) | +8.69% |
PZASX Annual Returns
Calendar-year total returns of Principal LifeTime 2050 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Oct) | +12.01% |
| 2023 | +19.36% |
| 2022 | −19.56% |
| 2021 | +16.17% |
| 2020 | +15.46% |
| 2019 (Aug–Dec) | +7.16% |
PZASX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +0.1% | +4.0% | +3.3% | −3.9% | +3.7% | +0.7% | +2.3% | +2.2% | +1.5% | −2.2% | — | — |
| 2023 | +7.4% | −3.0% | +1.6% | +1.4% | −1.7% | +6.0% | +2.9% | −2.5% | −4.5% | −2.9% | +8.8% | +5.3% |
| 2022 | −5.5% | −3.1% | +1.1% | −8.0% | +0.6% | −8.2% | +7.8% | −4.2% | −9.1% | +6.7% | +7.1% | −4.6% |
| 2021 | −0.9% | +3.4% | +2.3% | +4.2% | +1.1% | +0.9% | +1.0% | +1.9% | −4.0% | +4.6% | −3.1% | +4.1% |
| 2020 | −0.9% | −6.7% | −14.6% | +10.9% | +5.2% | +2.3% | +5.1% | +4.6% | −2.5% | −1.7% | +11.1% | +4.6% |
| 2019 | — | — | — | — | — | — | — | −1.4% | +1.4% | +1.9% | +2.6% | +2.5% |
PZASX Risk
Risk measures from monthly returns over Nov 2021 – Oct 2024.
- 3-year volatility (annualised): 16.60%
- 3-year Sharpe ratio: -0.11 (vs 4.5% risk-free rate)
- Best month: +8.85% (Nov 2023)
- Worst month: −9.14% (Sep 2022)
PZASX Fund Flows
Monthly money in and out of Principal LifeTime 2050 Fund, from SEC Form N-PORT.
- 12-month net flow: −$385.0M
- 12-month gross sales (incl. reinvestments): $459.8M
- Sales ÷ redemptions: 0.54×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $8.8M | $92.5M | −$83.7M |
| Jun 2026 | $8.5M | $52.8M | −$44.3M |
| May 2026 | $9.6M | $59.8M | −$50.2M |
| Apr 2026 | $9.6M | $159.9M | −$150.3M |
| Mar 2026 | $15.6M | $68.7M | −$53.1M |
| Feb 2026 | $17.7M | $43.1M | −$25.3M |
| Jan 2026 | $85.3M | $132.5M | −$47.2M |
| Dec 2025 | $258.6M | $69.0M | $189.6M |
| Nov 2025 | $10.1M | $14.2M | −$4.0M |
| Oct 2025 | $8.7M | $83.7M | −$75.0M |
| Sep 2025 | $8.1M | $40.2M | −$32.0M |
| Aug 2025 | $19.2M | $28.6M | −$9.4M |
PZASX Assets Under Management
Net assets of Principal LifeTime 2050 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $3.16B |
| 2026-04-30 | $3.22B |
| 2026-01-31 | $3.38B |
| 2025-10-31 | $3.42B |
| 2025-07-31 | $3.35B |
| 2025-04-30 | $3.13B |
| 2025-01-31 | $3.32B |
| 2024-10-31 | $3.33B |
| 2024-07-31 | $3.29B |
| 2024-04-30 | $3.09B |
| 2024-01-31 | $3.00B |
| 2023-10-31 | $2.67B |
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.