Methodology Data for the 2017 PLANSPONSOR Target-Date Fund (TDF) Buyer's Guide was collected in the second quarter of this year. PLANSPONSOR editors contacted investment managers and providers for their most up-to-date data on their target-date investment products available for use in defined contribution (DC) plans. The submitted data reveals details about target-date products representing an estimated 99% of the total TDF market by assets-$1.6 trillion as of the middle of the third quarter. Target-Date Fund Organic Growth by Objective n Total assets ($billion) Organic growth* (%) trailing 12 months $250 $200 $150 $100 $50 $0 50% 40% 30% 20% 10% 0% -10% Income 2000-2010 2011-2015 2016-2020 2021-2025 2026-2030 2031-2035 2036-2040 2041-2045 2046-2050 Top 10 Target-Date Managers by Assets n Total assets ($billion) $350 $300 $250 $200 $150 $100 $50 $0 2050+ Information about the more than 80 products listed here was provided directly to PLANSPONSOR. Additional data may appear in the full, digital guide. Product descriptions are as of the survey deadline and are subject to change; plan sponsors may contact providers directly for further information. The list of products in this guide is not exhaustive. Information was collected on a best-efforts basis. We extend our appreciation to the various providers included for generously supplying their target-date product information. -PS Organic growth* (%) trailing 12 months 70% 60% 50% 40% 30% 20% 10% 0% -10% Vanguard Fidelity T. Rowe Price American Funds J.P. Morgan TIAA Principal American Century Source: Strategic Insight *Organic growth measured as current period's net new flows divided by prior period's ending assets. John Hancock BlackRock 38 PLANSPONSOR.com September 2017http://www.PLANSPONSOR.com