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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