The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PLZTX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PLZTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of PLZTX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Not much differentiation.
Hyunmin Kim
Analyst
Summary
Principal LifeTime Hybrid series features experienced managers, though it could benefit from more dedicated resources and enhanced rigor in its process.