Last year, the sales team at Schwab Investment Management fielded more sponsor inquiries on collective investment trust target-date funds than in any year since the inception of the firm's product line in 2002.

The pooled assets in CITs resemble TDF mutual funds in structure—assets are allocated according to a target-date, glide path, and investment strategy—but of course they typically come with price advantages.

Clearly those advantages are driving the market for target-date trust products.

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