CITs: The ‘other’ TDF vehicle

Mutual funds have been the preferred vehicle for Target Date Funds since TDFs' infancy. Because Target Date Funds employ a fund-of-funds structure, it made sense for TDFs to be offered in a mutual fund vehicle as well. However, the TDF market is transitioning to Collective Investment Trusts (CITs) as a preferred vehicle.


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3Q19 TDF Flows

Now that we’ve entered the final quarter of 2019, let’s look back at the flows within the TDF industry. Overall for the quarter, the industry saw net inflows of $27.8 billion, or about a 1.3% increase over the end of 2Q19. Total AUM in TDFs hit nearly $2.2 trillion.


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