Funds with the largest inflows
November 16, 2016 3:40 PM
Mutual fund investors are moving away from costly investment products and into fixed income and more passive vehicles. As a result, bond and target-date funds are among the strategies gathering the largest inflows, along with international funds.
"A really disproportionate flow has gone into fixed income," explains Robert Johnson, the director of economic analysis at Morningstar. "Target-date funds have done better … because [clients] want one-step control. They don’t want to sit there and pick between 23 funds in a fund family. They would rather just have one picked for their age."
Scroll through to see the top 20 mutual funds with more than $1 billion in assets ranked by their net share class inflows over the last five years. The following flow data was last reported on Oct. 31 and returns on Nov. 4. All data is from Morningstar.
"A really disproportionate flow has gone into fixed income," explains Robert Johnson, the director of economic analysis at Morningstar. "Target-date funds have done better … because [clients] want one-step control. They don’t want to sit there and pick between 23 funds in a fund family. They would rather just have one picked for their age."
Scroll through to see the top 20 mutual funds with more than $1 billion in assets ranked by their net share class inflows over the last five years. The following flow data was last reported on Oct. 31 and returns on Nov. 4. All data is from Morningstar.
DFA Five-Year Global Fixed-Income I (DFGBX)
Estimated 5-Yr. Net Flows (millions): $6,566
5-Yr. Return: 2.22%
Expense Ratio: 0.27%
Net Assets (millions): $12,653
5-Yr. Return: 2.22%
Expense Ratio: 0.27%
Net Assets (millions): $12,653
Vanguard Target Retirement 2040 Inv (VFORX)
Estimated 5-Yr. Net Flows (millions): $6,716
5-Yr. Return: 9.23%
Expense Ratio: 0.16%
Net Assets (millions): $17,170
5-Yr. Return: 9.23%
Expense Ratio: 0.16%
Net Assets (millions): $17,170
Strategic Advisers Core (FCSAX)
Estimated 5-Yr. Net Flows (millions): $6,861
5-Yr. Return: 12.13%
Expense Ratio: 0.56%
Net Assets (millions): $22,211
5-Yr. Return: 12.13%
Expense Ratio: 0.56%
Net Assets (millions): $22,211
DFA US Core Equity 1 I (DFEOX)
Estimated 5-Yr. Net Flows (millions): $6,965
5-Yr. Return: 12.66%
Expense Ratio: 0.19%
Net Assets (millions): $14,711
5-Yr. Return: 12.66%
Expense Ratio: 0.19%
Net Assets (millions): $14,711
Baird Aggregate Bond Inst (BAGIX)
Estimated 5-Yr. Net Flows (millions): $7,553
5-Yr. Return: 4.07%
Expense Ratio: 0.30%
Net Assets (millions): $10,296
5-Yr. Return: 4.07%
Expense Ratio: 0.30%
Net Assets (millions): $10,296
Vanguard Target Retirement 2020 Inv (VTWNX)
Estimated 5-Yr. Net Flows (millions): $7,653
5-Yr. Return: 7.53%
Expense Ratio: 0.14%
Net Assets (millions): $27,126
5-Yr. Return: 7.53%
Expense Ratio: 0.14%
Net Assets (millions): $27,126
AQR Managed Futures Strategy I (AQMIX)
Estimated 5-Yr. Net Flows (millions): $7,897
5-Yr. Return: 4.02%
Expense Ratio: 1.22%
Net Assets (millions): $13,964
5-Yr. Return: 4.02%
Expense Ratio: 1.22%
Net Assets (millions): $13,964
Baird Core Plus Bond Inst (BCOIX)
Estimated 5-Yr. Net Flows (millions): $8,487
5-Yr. Return: 4.08%
Expense Ratio: 0.30%
Net Assets (millions): $12,825
5-Yr. Return: 4.08%
Expense Ratio: 0.30%
Net Assets (millions): $12,825
Vanguard Target Retirement 2030 Inv (VTHRX)
Estimated 5-Yr. Net Flows (millions): $8,643
5-Yr. Return: 8.54%
Expense Ratio: 0.15%
Net Assets (millions): $24,659
5-Yr. Return: 8.54%
Expense Ratio: 0.15%
Net Assets (millions): $24,659
DFA International Core Equity I (DFIEX)
Estimated 5-Yr. Net Flows (millions): $9,500
5-Yr. Return: 6.06%
Expense Ratio: 0.38%
Net Assets (millions): $16,721
5-Yr. Return: 6.06%
Expense Ratio: 0.38%
Net Assets (millions): $16,721
Old Westbury Large Cap Strategies (OWLSX)
Estimated 5-Yr. Net Flows (millions): $9,500
5-Yr. Return: 8.87%
Expense Ratio: 1.15%
Net Assets (millions): $14,609
5-Yr. Return: 8.87%
Expense Ratio: 1.15%
Net Assets (millions): $14,609
T. Rowe Price New Income (PRCIX)
Estimated 5-Yr. Net Flows (millions): $10,690
5-Yr. Return: 3.01%
Expense Ratio: 0.54%
Net Assets (millions): $31,151
5-Yr. Return: 3.01%
Expense Ratio: 0.54%
Net Assets (millions): $31,151
DFA Emerging Markets Core Equity I (DFCEX)
Estimated 5-Yr. Net Flows (millions): $12,617
5-Yr. Return: 1.06%
Expense Ratio: 0.62%
Net Assets (millions): $18,216
5-Yr. Return: 1.06%
Expense Ratio: 0.62%
Net Assets (millions): $18,216
Oakmark International I (OAKIX)
Estimated 5-Yr. Net Flows (millions): $12,865
5-Yr. Return: 8.38%
Expense Ratio: 0.95%
Net Assets (millions): $23,881
5-Yr. Return: 8.38%
Expense Ratio: 0.95%
Net Assets (millions): $23,881
Vanguard Dividend Growth Inv (VDIGX)
Estimated 5-Yr. Net Flows (millions): $14,791
5-Yr. Return: 11.86%
Expense Ratio: 0.33%
Net Assets (millions): $30,146
5-Yr. Return: 11.86%
Expense Ratio: 0.33%
Net Assets (millions): $30,146
Dodge & Cox Income (DODIX)
Estimated 5-Yr. Net Flows (millions): $17,835
5-Yr. Return: 4.02%
Expense Ratio: 0.43%
Net Assets (millions): $47,068
5-Yr. Return: 4.02%
Expense Ratio: 0.43%
Net Assets (millions): $47,068
Strategic Advisers Core Income (FPCIX)
Estimated 5-Yr. Net Flows (millions): $18,680
5-Yr. Return: 3.60%
Expense Ratio: 0.48%
Net Assets (millions): $29,175
5-Yr. Return: 3.60%
Expense Ratio: 0.48%
Net Assets (millions): $29,175
Vanguard Total Bond Market II Idx Inv (VTBIX)
Estimated 5-Yr. Net Flows (millions): $25,657
5-Yr. Return: 2.70%
Expense Ratio: 0.09%
Net Assets (millions): $109,078
5-Yr. Return: 2.70%
Expense Ratio: 0.09%
Net Assets (millions): $109,078
DoubleLine Total Return Bond I (DBLTX)
Estimated 5-Yr. Net Flows (millions): $34,875
5-Yr. Return: 4.48%
Expense Ratio: 0.47%
Net Assets (millions): $61,518
5-Yr. Return: 4.48%
Expense Ratio: 0.47%
Net Assets (millions): $61,518
Vanguard Total Intl Stock Index Inv (VGTSX)
Estimated 5-Yr. Net Flows (millions): $48,636
5-Yr. Return: 4.03%
Expense Ratio: 0.19%
Net Assets (millions): $224,343
5-Yr. Return: 4.03%
Expense Ratio: 0.19%
Net Assets (millions): $224,343
