PLTRX is a mutual fund offered by Principal Funds, Inc. that focuses on long-term growth for investors with a target retirement date of 2060. As a Class R-1 fund, it is designed for individual investors and has a lower expense ratio compared to other classes. This fund offers a diversified portfolio of stocks and bonds, with a gradually decreasing allocation to equities as the target retirement date approaches. It is suitable for investors with a long-term investment horizon and a moderate risk tolerance.