December 13, 2021 04:24 PM
The largest managers of proprietary target-date strategies used by DC plans, by type
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U.S. defined contribution assets, in millions, as of June 30, 2021.
| Custom | ||
| Rank | Manager | Assets |
|---|---|---|
| 1 | BlackRock | $88,173 |
| 2 | J.P. Morgan Asset Mgmt. | $43,819 |
| 3 | State Street Global | $28,855 |
| 4 | T. Rowe Price Group | $13,390 |
| 5 | Wells Fargo Asset Mgmt. | $11,297 |
| 6 | Russell Investments | $9,721 |
| 7 | Principal | $5,241 |
| 8 | Voya Investment Mgmt. | $4,687 |
| 9 | Prudential Financial | $4,069 |
| 10 | Northern Trust Asset Mgmt. | $2,200 |
| Mutual funds | ||
| Rank | Manager | Assets |
|---|---|---|
| 1 | Vanguard Group | $398,839 |
| 2 | Fidelity Investments | $268,615 |
| 3 | Capital Group | $190,616 |
| 4 | T. Rowe Price Group | $137,320 |
| 5 | BlackRock | $58,691 |
| 6 | Nuveen | $55,566 |
| 7 | J.P. Morgan Asset Mgmt. | $54,760 |
| 8 | John Hancock Funds | $16,881 |
| 9 | American Century | $12,084 |
| 10 | State Street Global | $10,974 |
| Commingled trusts | ||
| Rank | Manager | Assets |
|---|---|---|
| 1 | Vanguard Group | $434,126 |
| 2 | BlackRock | $203,775 |
| 3 | T. Rowe Price Group | $184,282 |
| 4 | State Street Global | $96,056 |
| 5 | Fidelity Investments | $83,085 |
| 6 | J.P. Morgan Asset Mgmt. | $60,864 |
| 7 | Principal | $53,277 |
| 8 | Charles Schwab | $13,426 |
| 9 | American Century | $12,811 |
| 10 | Wells Fargo Asset Mgmt. | $11,489 |
| Separate accounts | ||
| Rank | Manager | Assets |
|---|---|---|
| 1 | BlackRock | $93,795 |
| 2 | State Street Global | $28,855 |
| 3 | Principal | $27,446 |
| 4 | Russell Investments | $9,722 |
| 5 | Prudential Financial | $5,385 |
