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