DC mutual fund/target-date manager stats at a glance

U.S. DC assets under management, in millions, as of June 30, 2023.
2023 assetsOne-year changeFive-year change
DC assets managed in proprietary mutual funds$3,581,3376.7%18.5%
DC assets managed in proprietary ETFs$4,06212.6%—
DC assets managed in proprietary target-date strategies$2,641,24812.1%72.6%
  Internally managed$2,155,03111.0%81.3%
Target-date investment vehicles:
  Mutual funds$1,159,7968.7%50.5%
  Commingled trusts$1,255,13815.0%109.1%
  Separate accounts$219,78014.7%42.4%
Historical data may include retroactive updates.
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