The largest balanced/asset allocation mutual funds most used by DC plans

U.S. defined contribution assets, in millions, as of June 30, 2020.
RankFundAssets
1American Funds American Balanced$29,856
2Vanguard Wellington-Adm.$28,563
3Fidelity Balanced$10,640
4Fidelity Puritan$8,426
5John Hancock Multimgr. Life Gr.$7,569
6John Hancock Multimgr. Life Bal.$7,391
7BlackRock Global Allocation$6,354
8Vanguard Balanced Index-Inst.$6,202
9American Funds Income Fund Amer.$5,778
10Vanguard Wellesley Income-Adm.$5,427
Target-date mutual funds are listed separately.
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