An industry record $236 billion flowed into Vanguard mutual funds in 2015, as theMalvern, Pennsylvania investment giant founded by passiveinvestment pioneer Jack Bogle continued to benefit from investors’redemptions from actively managed investment strategies.

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It was the largest flow of assets ever to a single managementcompany, eclipsing the record Vanguard set in 2014, when its fundsattracted $214.5 billion in assets, according to reporting in theWall Street Journal.

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A representative from Morningstar says its analysts won’t haveVanguard’s total 2015 numbers forseveral more days, but that the data it has through November 2015validates the Journal’s reporting.

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Morningstar says that through November 2015, Vanguard’sopen-ended mutual funds and ETFs had attracted $206 billion offlows.

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That total does not include money market funds or assets intarget date funds.

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Not counting ETF assets, $140 billion were attracted to Vanguardfunds through November of last year. That is more than the next 10largest fund families’ flows into mutual funds combined.

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Vanguard also was able to separate from the rest of the industryvisa via its 401(k) record keeping business and its target dateseries.

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A Morningstar representative said about $32 billion had flowedinto the firm’s target date funds by the end of last November,giving Vanguard about 30 percent of the target date market, as itcontinued to distance itself from Fidelity and T. Rowe Price, whichround out out the top three TDF providers.

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By comparison, T. Rowe Price recorded about $9.6 billion offlows into its TDF series through the end of November 2015, whileFidelity experienced $5 billion in outflows, according toMorningstar’s data.

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JP Morgan saw the second highest flows into its TDF seriesthrough last November, with $9.7 billion moving into itslineup.

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Vanguard's take in the TDF market was nothing short of dominant.Through November, it had attracted more in TDF assets than the nexttop five providers combined.

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Vanguard’s total TDF assets were $225.4 billion; Fidelity’stotal TDF assets were $184.4 billion; T. Row Price’s total TDFassets were $133.4 through November 2015.

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Vanguard’s overall 2015 performance suggests fees remain top ofmind for more retail and 401(k) investors.

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The Morningstar rep said the average industry-wide expense ratiofor all mutual funds is 130 basis points.

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Vanguard’s average is 19 basis points, the rep said.

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Total U.S. assets under management rose to $3.1 trillion in2015, according to reporting in the Wall Street Journal.

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