PTCAX is a mutual fund offered by Principal Fds, Inc. that focuses on long-term growth and investment in a diverse portfolio of assets. The fund is designed for investors with a target retirement date of 2030, and aims to provide a balance of risk and return as the target date approaches. PTCAX is classified as a Class A fund, meaning it has a front-end sales charge and lower ongoing fees. This fund is suitable for investors looking for a professionally managed, diversified investment option for their retirement savings.