RESEARCH | June 5, 2014

PLANA
DVISER’s 2014 DCIO Survey

<div id="summary" title="summary">DCIO providers’ assets and services flourish</div>

Reported by PLANADVISER | Art by Christian Northeast

Top 10 Providers

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Top 10 Providers

DCIO MANAGERS BY ASSETS (AS OF Q1 2014)
1	BlackRock	$545,232
2	TIAA-CREF	$390,615
3	State Street Global Advisors	$253,351
4	T. Rowe Price	$191,129
5	PIMCO	$190,900
6	J.P. Morgan	$117,519
7	Northern Trust	$110,887
8	Invesco	$96,264
9	Fidelity Investments	$69,599
10	Goldman Sachs Asset Management	$66,323

TOP DCIO FUNDS BY ASSETS
1	BlackRock LifePath Target Date Fund	$109,463
2	PIMCO Total Return Fund	$100,900
3	State Street Global Advisors S&P 500	$63,109
4	T. Rowe Price Retirement Date Funds	$56,679
5	Invesco Stable Value Trust	$46,196
6	J.P. Morgan SmartRetirement Funds	$41,681
7	AllianceBernstein Target Date Strategies	$23,166
8	Fidelity Contrafund	$17,513
9	Northern Trust S&P 500 Index Fund – DC Non Lending	$16,991
10	Wells Fargo Dow Jones Target Date Funds	$14,748

LARGEST INCREASE IN DCIO ASSETS (2012 vs. 2013)
1	Principal Funds	65.4%
2	Ivy Funds Distributor, Inc.	57.8%
3	Dimensional Fund Advisors	41.5%
4	T. Rowe Price	38.4%
5	State Street Global Advisors	35.7%
6	Prudential Investments	34.5%
7	J.P. Morgan	33.6%
8	AllianceBernstein	33.0%
9	Northern Trust	32.6%
10	BlackRock	29.9%

NUMBER OF RECORDKEEPER SELLING AGREEMENTS
1	Great-West Financial	244
2	Janus	225
3	American Beacon Advisors	200
3	American Century	200
5	AllianceBernstein	105
6	Wells Fargo	100
7	Ivy Funds Distributor, Inc.	98
8	Franklin Templeton	88
9	Federated Investors	87
10	Calvert Investments	81

LONGEST-TENURED PORTFOLIO MANAGERS
1	Chuck Royce	1972
2	Marian Marinack	1986
3	Cathe Tocher	1987
3	Bill Gross	1987
5	Will Danoff	1990
5	Bill Jamison	1990
7	Benno Fischer	1991
8	Scott Wilson	1992
8	Donald Yacktman	1992
10	John Tucker	1994

LARGEST INCREASE IN DCIO ASSETS (12/31/2013 vs. Q1 2014)
1	Franklin Templeton	39.7%
2	AMG Funds (formerly Managers Investment Group)	16.7%
3	Goldman Sachs Asset Management	15.1%
4	Calvert Investments	14.2%
5	John Hancock Investments	11.7%
6	American Beacon Advisors	8.1%
7	J.P. Morgan	7.6%
8	Ivy Funds Distributor, Inc.	6.9%
9	Principal Funds	6.87%
10	Dimensional Fund Advisors	6.4%