InvestmentNews teamed with BrightScope Inc., a San Diego, California firm specializing in providing 401(k) ratings, for a close look at turnover in target-date funds, and found that target-date funds sponsored by Putnam Investments [see profile] and MFS Investment Management [see profile] are among those with higher-than-average numbers.

Citing BrightScope data, the pub reports that the average target-date fund turnover is 23.5 percent a year.

In the case of Putnam, the Boston firm's target-date family saw turnover of 83.2 percent over the past three years, while MFS' offerings had 37.7 percent. Others on the above-average list include DWS Investments [see profile], Fidelity Investments [see profile], GuideStone Financial Resources [see profile], JPMorgan Asset Management [see profile] and Principal Financial Group [see profile]. 

Edited by: Armie Margaret Lee


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