2021
Target-Date Fund Survey

Industry Snapshot

Market Share of Top 5 vs. Remaining Target-Date Mutual Funds

June 2021
June 2019
June 2017
Vanguard
38.0%
37.8%
33.6%
Fidelity
20.0%
19.4%
21.2%
American Funds
12.2%
10.5%
7.2%
T.Rowe Price
11.2%
12.4%
16.4%
J.P. Morgan
3.6%
4.3%
5.0%
Remaining
15.0%
15.6%
16.6%

Target-Date Fund Organic Growth by Objective
Total Assets ($mm)
by Objective Organic growth* (%) for trailing 12 months
Target-Date 2000-10 $22,431 -5%
Target-Date 2011-15 $54,959 -9%
Target-Date 2016-20 $158,592 -11%
Target-Date 2021-25 $226,694 -3%
Target-Date 2026-30 $254,366 -1%
Target-Date 2031-35 $207,068 1%
Target-Date 2036-40 $200,830 0%
Target-Date 2041-45 $150,372 3%
Target-Date 2046-50 $126,665 6%
Target-Date 2051-55 $67,778 13%
Target-Date 2056-60 $26,588 33%
Target-Date 2060+ $2,210 104%
Targt-Date -In-Rtrmt $50,972 -3%
Top 10 Target-Date Managers by Assets by Organic growth* (%)
for trailing 12 months
The Vanguard Group $588,909 0.45%
Fidelity $310,488 0.97%
American Funds $189,093 7.42%
T Rowe Price $173,465 -7.53%
Nuveen/TIAA $74,166 6.46%
J.P. Morgan $55,373 -7.37%
BlackRock $50,272 12.03%
Principal Funds $25,807 -4.52%
John Hancock Invst $17,438 -8.71%
American Century $15,170 -15.85%
*Organic growth measured as current period’s net new flows divided by prior period’s ending assets. Source: ISS Market Intelligence

Target-Date Mutual Fund Performance by Objective in Q4 2020

Weighted Average Total Return as of December 31, 2020
In-Retirement
5.63%
2000–2010
6.74%
2011–2015
6.87%
2016–2020
8.36%
2021–2025
9.51%
2026–2030
10.88%
2031–2035
12.35%
2036–2040
13.60%
2041–2045
14.26%
2046–2050
14.41%
2051–2055
14.41%
2056–2060
14.35%
2060+
14.15%

Target-Date Mutual Fund Performance by Objective, 1-Year Return

Weighted Average Total Return as of December 31, 2020
In-Retirement
10.33%
2000–2010
10.77%
2011–2015
11.11%
2016–2020
12.36%
2021–2025
13.56%
2026–2030
14.58%
2031–2035
15.71%
2036–2040
16.53%
2041–2045
17.04%
2046–2050
17.14%
2051–2055
17.17%
2056–2060
17.15%
2060+
16.34%

Target-Date Mutual Fund Performance by Objective, 3-Year Return

Weighted Average Total Return as of December 31, 2020
In-Retirement
6.84%
2000–2010
7.09%
2011–2015
7.42%
2016–2020
8.10%
2021–2025
8.75%
2026–2030
9.31%
2031–2035
9.90%
2036–2040
10.28%
2041–2045
10.53%
2046–2050
10.58%
2051–2055
10.62%
2056–2060
10.63%
2060+
10.19%

Target-Date Mutual Fund Performance by Objective, 5-Year Return

Weighted Average Total Return as of December 31, 2020
In-Retirement
7.00%
2000–2010
7.83%
2011–2015
8.17%
2016–2020
9.07%
2021–2025
9.85%
2026–2030
10.66%
2031–2035
11.42%
2036–2040
11.93%
2041–2045
12.25%
2046–2050
12.28%
2051–2055
12.32%
2056–2060
12.36%
Source: ISS Market Intelligence