Morningstar has new data on target maturity funds for the third quarter of 2012, and the news is fairly good.

The funds returned 5.1 percent on average for the quarter and 18.9 percent for the past year.

Flows have also been steady, with $12 billion coming into this category of funds in the third quarter.

Those numbers are compated to the S&P 500 index, which had 6.4 percent returns in the past quarter and 30.2 percent in the last year.

Target maturity funds have been in the news a lot recently. MFWire has written on the topic at various times.

To read the Morningstar report, click here. 

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