The largest managers of proprietary target-date mutual funds used by DC plans

U.S. defined contribution assets, in millions, as of June 30, 2020.
RankManagerAssets
1Vanguard Group$302,724
2Fidelity Investments$197,077
3Capital Group$137,953
4T. Rowe Price Group$115,074
5J.P. Morgan Asset Mgmt.$48,790
6Nuveen$43,607
7BlackRock$41,357
8John Hancock Funds$13,950
9American Century$10,808
10Voya Investment Mgmt.$8,629
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