Retirement income products
Retirement income products
retirement
Retirement income funds under a magnifier

Retirement income products » Retirement income funds under a magnifier

Retirement income funds are designed for retirees who want professional management of their portfolios and portfolio distributions without the expense of an investment adviser.

All of the funds within this category as defined by Lipper have been around less than five years. Information under the "Fund overview" tab shows the funds' one- and three-year performance compared to that of the Standard & Poor's 500 index and the category average. Under the "Fund details" tab are the current targeted distribution rates (hover your mouse over the column at right) and each fund's general asset allocation. The asset allocation indicates how aggressive or conservative the fund will be, which in turn will impact the performance of the fund relative to the S&P 500. For instance, a higher allocation to bonds over stocks will typically result in less volatility, but lower returns over time.

Lipper divides the category into two subsets. Nonperpetuity funds pay distributions for a finite, stated amount of time. They will have paid investors all of their principal and earnings by the time the fund is shuttered. Perpetuity funds, on the other hand, will attempt to preserve capital for as long as possible while making payments forever or until the capital is depleted.

1-year
performance*
(in %)
3-year
performance*
(in %)
Total net
assets
(in $ millions)
Expense
ratio
(in %)
Category average15.773.151161.70.94
Standard & Poor's 500 total return25.950.91
   
Retirement income funds -- Perpetuity1-year
performance*
(in %)
3-year
performance*
(in %)
Total net
assets
(in $ millions)
Expense
ratio
(in %)
Schwab Monthly Income -- Maximum Payout7.654.5566.90.6
Schwab Monthly Income -- Enhanced Payout11.164.3881.60.67
Schwab Monthly Income -- Moderate Payout14.884.0621.80.75
John Hancock II Retirement
Distribution - A Shares
12.793.446.21.3
John Hancock II Retirement
Rising Distribution - A
12.32.85.61.23
Vanguard Managed Payout
Distribution Focus - Investor
21.882.61432.70.38
Vanguard Managed Payout
Growth and Distribution - Investor
23.752.15311.20.37
Vanguard Managed Payout
Growth Focus - Investor
26.171.2770.80.36
ING Global Target Payment Fund - A22.7650.31.3
    
Retirement income funds -- Nonperpetuity1-year
performance*
(in %)
3-year
performance*
(in %)
Total net
assets
(in $ millions)
Expense
ratio
(in %)
Russell 2017 Accelerated
Distribution Fund - S Shares
166.691.50.95
Russell 2017 Accelerated
Distribution Fund - A
16.264.931.21.21
Fidelity Advisor Income
Replacement 2022 - A
15.333.570.10.83
Fidelity Advisor Income
Replacement 2024 - A
16.093.560.20.84
Fidelity Income Replacement 204220.93.565.70.68
Fidelity Advisor Income
Replacement 2026 - A
16.673.520.10.85
Fidelity Income Replacement 204020.613.491.30.67
Fidelity Advisor Income
Replacement 2028 - A
17.193.490.40.86
Fidelity Advisor Income
Replacement 2030 - A
17.653.480.10.87
Fidelity Advisor Income
Replacement 2020 - A
14.173.470.60.81
Fidelity Advisor Income
Replacement 2018 - A
12.73.390.80.79
Fidelity Advisor Income
Replacement 2032 - A
18.053.370.20.88
Fidelity Income Replacement 203819.93.331.40.66
Fidelity Advisor Income
Replacement 2034 - A
18.483.230.10.89
Fidelity Advisor Income
Replacement 2016 - A
10.723.1320.76
Fidelity Advisor Income
Replacement 2036 - A
18.963.120.10.9
Russell 2027 Extended
Distribution - S
3.23.041.70.68
Russell 2027 Extended
Distribution - A
4.711.2721.04
Russell 2017 Retirement
Distribution - S
16.92-1.9731.05
Russell 2017 Retirement
Distribution - A
17.05-2.431.81.33
PIMCO Real Income 2019 - A7.036.30.79
PIMCO Real Income 2029 - A8.1310.79

*Performance through May 31, 2011
Source: Lipper, a Thomson Reuters company.

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