RESEARCH |

2021
PLANADVISER DCIO Survey

Reported by PLANADVISER | Art by Gizem Vural
Top 10 Providers
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Top 10 Providers

DCIO MANAGERS, BY ASSETS ($MM AS OF 12/31/20)
1BlackRock$1,205,863
2The Vanguard Group Inc. (Vanguard)$1,089,300
3T. Rowe Price$484,789
4State Street Global Advisors$481,067
5Capital Group|American Funds$422,196
6J.P.Morgan Asset Management $261,364
7Northern Trust Asset Management$217,034
8PGIM$212,936
9Wells Fargo Asset Management$129,496
10PIMCO$124,759
LARGEST DCIO STANDALONE FUNDS, BY ASSETS ($MM AS OF 12/31/20)
1Equity Index (BlackRock)$370,429
2S&P 500® Index (State Street Global Advisors)$117,860
3EuroPacific Growth Fund® (Capital Group)$104,635
4Institutional Index Fund All Classes (Vanguard)$87,184
5S&P 500 Index Fund–DC Non Lending (Northern Trust)$51,475
6Dodge & Cox Stock Fund$37,443
7T. Rowe Price Blue Chip Growth Fund$34,662
8Fidelity 500 Index$31,926
9PIMCO Total Return Fund$29,249
10Stable Value Fund (Wells Fargo)$28,107
NUMBER OF DCIO FUNDS AVAILABLE ON RECORDKEEPING PLATFORMS
1Fidelity Investments472
2BlackRock196
3Dimensional Fund Advisors150
4Franklin Templeton149
5PIMCO133
6Nuveen122
7T. Rowe Price120
8The Vanguard Group Inc. (Vanguard)110
9Wells Fargo Asset Management106
10Goldman Sachs95
NUMBER OF RECORDKEEPING PARTNERS
1Capital Group|American Funds207
2DoubleLine150
2Putnam Investments150
4AllianceBernstein (AB)101
5Hartford Funds92
6Nuveen77
7BlackRock61
8Goldman Sachs60
8Virtus Investment Partners60
10PGIM55
LARGEST DCIO TARGET-DATE FUNDS, BY ASSETS ($MM AS OF 12/31/20)
1LifePath Index (BlackRock)$231,249
2T. Rowe Price Retirement Date Funds$190,014
3JPM SmartRetirement (J.P.Morgan)$156,493
4Vanguard Institutional Target Retirement Fund$142,263
5American Funds Target Date Retirement Series$132,205
6TDF CITs (State Street Global Advisors)$79,784
7AB Custom Retirement Strategies (AllianceBernstein)$52,505
8OneChoice Target Date Portfolios (American Century)$21,064
9TIAA-CREF Lifecycle Index Funds (Nuveen)$17,419
10Schwab Managed Retirement Trust Funds$13,876
LARGEST INCREASE IN DCIO ASSETS (2019 VS. 2020)
1John Hancock Investment Management53.3%
2Nuveen38.6%
3Artisan Partners Limited Partnership24.7%
4Columbia Threadneedle23.0%
5Loomis, Sayles & Company22.5%
6T. Rowe Price21.0%
7J.P.Morgan Asset Management 20.5%
8Putnam Investments20.1%
9State Street Global Advisors20.0%
10PGIM18.3%