RESEARCH | May 31, 2017

2017
PLANADVISER DCIO Survey

Now in its sixth year of publication, the PLANADVISER Defined Contribution Investment Only (DCIO) Survey continues its trend of finding a steady increase in DC plan assets among the survey’s 41 participating providers.

Reported by PLANADVISER

Top 10 Providers

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Top 10 Providers

DCIO MANAGERS BY ASSETS ($MM as of Q1 2017)
1	BlackRock	$756,724
2	Nuveen	$458,966
3	State Street Global Advisors	$321,492
4	Capital Group/American Funds	$311,728
5	T. Rowe Price	$267,672
6	J.P. Morgan Asset Management	$183,655
7	Wells Fargo Asset Management	$134,592
8	PIMCO	$102,458
9	Invesco	$101,061
10	Dodge & Cox	$96,714

TOP DCIO FUNDS BY ASSETS ($MM as of Q1 2017)
1	T. Rowe Price Retirement Date Funds	$170,398
2	BlackRock LifePath Target Date Fund	$164,063
3	State Street Global Advisors S&P 500	$91,162
4	American Funds EuroPacific Growth Fund	$73,262
5	JPMorgan SmartRetirement	$62,004
6	AB Target-Date Strategies	$36,468
7	Dodge & Cox Stock Fund	$34,861
8	PIMCO Total Return Fund	$33,604
9	Wells Fargo Stable Return Fund	$29,169
10	John Hancock Multimanaged Lifestyle	$28,606

NUMBER OF DCIO FUNDS AVAILABLE ON RECORDKEEPER PLATFORMS
1	Fidelity Investments	228
1	T. Rowe Price	228
3	BlackRock	175
4	J.P. Morgan Asset Management	129
5	Nuveen	115
6	PIMCO	114
7	Charles Schwab Investment Management, Inc.	113
8	Franklin Templeton Investments	112
9	Wells Fargo Asset Management	106
10	Invesco	93

NUMBER OF TARGET-DATE AND TARGET-RISK FUND SERIES
1	Manning & Napier Advisors, LLC (Manning & Napier)	13
2	Capital Group/American Funds	12
3	Allianz Global Investors	10
3	Voya	10
5	Franklin Templeton Investments	9
6	Great-West Financial	8
7	Nuveen	7
8	AB	5
8	BlackRock	5
8	Charles Schwab Investment Management, Inc.	5

LARGEST INCREASE IN DCIO ASSETS (2015 vs. 2016)
1	J.P. Morgan Asset Management	18.9%
2	Loomis, Sayles & Co., L.P.	16.8%
3	State Street Global Advisors	15.5%
4	BlackRock	15.1%
5	Dodge & Cox	11.9%
6	American Century Investments	11.8%
7	Allianz Global Investors	11.5%
8	Great-West Financial	11.1%
9	Voya	10.4%
10	MFS Investment Management	9.7%

LARGEST INCREASE IN DCIO ASSETS (12/31/2016 vs. Q1 2017)
1	Janus	15.0%
2	First Eagle Investment Management	11.5%
3	State Street Global Advisors	8.4%
4	Capital Group/American Funds	8.0%
5	Legg Mason	7.7%
6	T. Rowe Price	7.2%
7	MFS Investment Management	6.6%
8	Charles Schwab Investment Management, Inc.	6.4%
9	AB	6.1%
10	Morgan Stanley Investment Management	6.0%