RESEARCH |
2017
PLANSONSOR Target-Date Fund Buyer’s Guide
Our guide to the size, scope and design of target-date
options
Reported by PLANADVISER
| Art by JooHee Yoon
Custom TDF Providers
| Custom Target-Date Fund Providers | |||||||||||||||||||||||||||||||||||||||||
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| PROVIDER TARGET-DATE SERIES NAME | NUMBER OF FUNDS IN SERIES | UNDERLYING FUND MGMT APPROACH | UNDERLYING FUND VEHICLES | FUND LANDING POINT | Q2 2017 Assets ($MM) | FEATURES UNAFFILIATED MANAGERS | |||||||||||||||||||||||||||||||||||
| AllianceBernstein Customized Retirement Strategies | 12 | Varies | MF,CIT,SA | Varies | $36,662 | Yes | |||||||||||||||||||||||||||||||||||
| AllianceBernstein Lifetime Income Strategy (Custom) | 11 | Client Specific | CIT | Client-specific | $1,447 | Yes | |||||||||||||||||||||||||||||||||||
| Allianz Varies - Client dependent | 10 | Dynamic | MR,ETF,CIT,SA | Varies | $1,200 | Yes | |||||||||||||||||||||||||||||||||||
| BlackRock LifePath Custom | 10 | Client Specific | Client Specific | At TD | $33,700 | Varies | |||||||||||||||||||||||||||||||||||
| Callan Associates Birth Date Funds | 11 | Hybrid, multi-mgr | MF,CIT | 20 years | $4,399 | Yes | |||||||||||||||||||||||||||||||||||
| Callan Associates Diversified Target Date Funds | 3 | Hybrid, multi-mgr | MF,CIT,pvt prtnshps | 15 years | $964 | Yes | |||||||||||||||||||||||||||||||||||
| Callan Associates/The KP Funds Trust* The KP Funds | 10 | Hybrid, multi-mgr | All MF | 5 years | $6,065 | Yes | |||||||||||||||||||||||||||||||||||
| J.P. Morgan JPMorgan Custom TDF glide path | Varies | Varies | SA,MF,ETF Varies | Varies | $20,494 | Yes | |||||||||||||||||||||||||||||||||||
| Putnam Retirement Vision Path Custom Funds | 5 | Hybrid | SA, MF | Varies | $156 | Yes | |||||||||||||||||||||||||||||||||||
| Russell Investment Manager Custom | 10 | Active/Passive, multi-mgr | Varies | At TD | $6,913 | R | |||||||||||||||||||||||||||||||||||
| State Street Global Advisors Custom Target Date | Varies | Varies | Varies | Varies | $11,400 | Varies | |||||||||||||||||||||||||||||||||||
| MF=Mutual Fund; CIT=Collective Investment Trust; SA=Separate Account; R=Not Reported. Note: Some providers entered the average number of funds in their existing custom solutions. |