Target-date funds had a great third quarter and past 12 months, with average returns of 5.1 percent for the quarter and nearly 19 percent over the past 12 months.  Flows into target maturity funds remained strong, with nearly $12 billion flowing into the category during the third quarter.

TDF returns jumpAccording to Ibbotson Associates, which is part of the Morningstar Investment Management division, target maturity funds continue to see total assets climb to all-time highs. As of the end of the third quarter, total assets in target maturity funds were nearly $466 billion, a 36 percent increase from a year ago, with Fidelity, Vanguard and T. Rowe Price holding around 75 percent of total assets. Other target maturity fund providers that saw large inflows include John Hancock, TIAA-CREF, JP Morgan and American Funds, all experiencing inflows of between $400 million and $700 million.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.