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  2. SPECIAL REPORT
December 13, 2021 04:20 PM

Mutual funds most used by DC plans, by asset class

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    U.S. defined contribution assets, in millions, as of June 30, 2021.
    U.S. equity
    RankFundAssets
    1Fidelity 500 index$162,293
    2Vanguard Inst’l Index-Institutional Plus$99,339
    3Vanguard Institutional index$56,977
    4American Funds Growth Fund of America$55,219
    5Dodge & Cox Stock$47,255
    6T. Rowe Price Blue-chip Growth$41,156
    7Fidelity Contrafund$40,641
    8Vanguard PRIMECAP-Admiral$37,730
    9Vanguard 500 Index-Admiral$33,444
    10American Funds Washington Mutual$25,168
    U.S. fixed income
    RankFundAssets
    1PIMCO Total Return$27,871
    2Vanguard Total Bond Market Index-Inst’l$25,855
    3Fidelity U.S. Bond index$22,583
    4Dodge & Cox Income$18,274
    5PIMCO Income$14,250
    6PGIM Total Return Bond-R6$13,605
    7Vanguard Total Bond Mkt. Index-Inst’l Plus$13,328
    8Vanguard Total Bond Mkt. Index-Admiral$9,745
    9Western Asset Core Plus Bond$8,829
    10Federated Hermes Total Return Bond$5,395
    International/global equity
    RankFundAssets
    1American Funds EuroPacific Growth$113,304
    2American Funds New Perspective$26,896
    3Vanguard International Growth-Admiral$20,673
    4Vanguard Total International Stock-Inst’l$17,863
    5Fidelity International index$14,443
    6Dodge & Cox International Stock$14,309
    7American Funds Capital World G&I$13,222
    8Invesco Developing Markets$12,552
    9American Funds New World$10,037
    10Vanguard Developed Mkts. Index-Inst’l Plus$9,189
    Balanced/asset allocation
    RankFundAssets
    1American Funds American Balanced$33,967
    2Vanguard Wellington-Admiral$31,094
    3Fidelity Balanced$13,237
    4Fidelity Puritan$9,442
    5John Hancock Multimanager Life Growth$8,757
    6John Hancock Multimanager Life Balanced$8,126
    7Vanguard Balanced Index-Institutional$7,431
    8BlackRock Global Allocation$7,410
    9MFS International Diversification$6,662
    10American Funds Income Fund of America$6,517
    Target date
    RankFundAssets
    1Vanguard Inst’l Target Retirement 2030$46,717
    2Vanguard Inst’l Target Retirement 2025$44,352
    3Vanguard Inst’l Target Retirement 2035$42,935
    4Vanguard Inst’l Target Retirement 2040$39,571
    5Vanguard Inst’l Target Retirement 2045$34,322
    6American Funds 2030 Target Retirement$32,757
    7Fidelity Freedom 2030$29,107
    8American Funds 2035 Target Retirement$28,461
    9American Funds 2025 Target Retirement$27,805
    10Vanguard Inst’l Target Retirement 2020$27,599
    Money market
    RankFundAssets
    1Vanguard Federal Money Market$26,391
    2Fidelity Government Cash Reserves$15,458
    3Fidelity Government Money Market$12,812
    4Vanguard Cash Res. Federal MM-Admiral$7,034
    5Fidelity MM Government Portfolio$6,941
    6Federated Hermes Government Obligations$6,688
    7Vanguard Treasury Money Market$5,867
    8American Funds U.S. Government MM$5,081
    9Federated Hermes Treasury Obligations$2,631
    10Federated Hermes U.S. Treasury Cash$1,747
    Real assets
    RankFundAssets
    1Vanguard Inflation Protected-Institutional$6,365
    2Vanguard Real Estate Index-Institutional$5,209
    3PIMCO Real Return$5,152
    4Vanguard Real Estate Index-Admiral$2,704
    5Vanguard Inflation Protected-Admiral$2,674
    6DFA Inflation-Protected Securities$2,583
    7Fidelity Inflation Protected Bond index$2,389
    8DFA Real Estate Securities$1,663
    9DFA Global Real Estate Securities$1,520
    10American Century Inflation Adjusted$1,212
    Other
    RankFundAssets
    1PIMCO International Bond (USD-H)$1,922
    2American Funds Capital World Bond$1,075
    3PGIM Global Total Return-R6$910
    4MFS Emerging Markets Debt$613
    5Invesco International Bond$519
    6Invesco Global Allocation$472
    7Invesco Global Strategic Income$455
    8PIMCO StocksPLUS Absolute Return$417
    9J.P. Morgan Strategic Income Opportunities$389
    10BlackRock Strategic Global Bond$239
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