DCIOs
NAPAFIRMPARTNERS
San Francisco, CA • schwabassetmanagement.com
Boston, MA • Putnam.com/dcio
Putnam Investments
Schwab Asset Management
Key Contact(s)
Key Contact(s)
Steve McKay 617.760.4838 • steven_mckay@putnam.com Angela Achatz 913.956.1013 • angela_achatz@putnam.com
Michael Harrington 610.971.1550 • michael.harrington@schwab.com
Firm Profile
We are active managers dedicated to helping individuals and institutions succeed, providing expertise in equity, fixed income, and asset allocation. With over 80 years managing money, and over 30 years working with defined contribution plans, we have the experience, perspective, and insight needed to help participants achieve their retirement goals. Our team of experienced DCIO professionals is committed to helping our partners strengthen their business and overcome the challenges of the constantly evolving retirement industry. For more information, please visit www.Putnam.com .
At Charles Schwab Investment Management, Inc. dba Schwab Asset Management, we believe in a straightforward, purposeful approach to asset management. We have partnered with clients for more than 30 years to provide products with investors’ needs in mind and we are an industry leader in mutual funds, ETFs, separately managed accounts, and collective investment trusts, including target date funds. Schwab Asset Management’s dedicated and experienced DCIO team builds relationships with consultants, advisers, and recordkeepers and provides education on industry trends and how our deliberate lineup of core products and customizable solutions can serve the central needs of most investors.
Primary Market(s) Served
Primary Market(s) Served
Firm Profile
Micro: <$1 million, Small: $1-$10 million, Mid: $10-$100 million, Large: $100-$250 million, Mega: >$250 million
Assets Managed*
Total AUM: $172,883,016,633
Micro: <$1 million, Small: $1-$10 million, Mid: $10-$100 million, Large: $100-$250 million, Mega: >$250 million
Assets Managed*
Total AUM: $929,400,000,000
Total DCIO Assets: $40,473,032,299
Total DCIO Assets: $53,890,139,320
DCIO Assets Breakdown [%] Collective Trusts: 25% Money Markets: 0% Mutual Funds: 27% Separate Accounts: 3% Stable Value: 45% Other: 0%
DCIO Assets Breakdown [%] Collective Trusts: 35% Money Markets: 13% Mutual Funds: 38% Separate Accounts: 0% Stable Value: 0% Other: 14%
Asset Allocation Funds
Asset Allocation Funds
Putnam Retirement Advantage Trusts, Putnam Retirement Advantage funds, Putnam Retirement Advantage Select Trusts, Putnam Sustainable Retirement, Putnam Dynamic Asset Allocation series Top 5 Funds by DC Assets [Fund Name / Total Assets] 1. Putnam Stable Value: $18,114,803,092 2. Putnam Large Cap Value: $10,146,271,857 3. Putnam Retirement Advantage: $5,269,477,349 4. Putnam Large Cap Growth: $1,549,622,425 5. Putnam Dynamic Asset Allocation series: $1,154,309,164
Advisor Support Services External Wholesalers Focused on Advisors, External Wholesalers Focused on Institutional, Compliance Report, Plan Benchmarking, Target-Date Evaluation Tools, Training for DC Plan Sales/Service, Investment Committee Meetings
No. of External Wholesalers DC: 6 Retail: 38
Schwab Mutual Funds: Schwab Target Index Funds, Schwab Target Funds, Schwab MarketTrack Portfolios, Schwab Monthly Income Funds, Schwab Balanced Fund Charles Schwab Trust Bank Collective Investment Trusts: Schwab Managed Retirement Trusts (TDF), Schwab Indexed Retirement Trusts (TDF) Top 5 Funds by DC Assets [Fund Name / Total Assets] 1. Schwab S&P 500 Index Fund: $11,343,071,017 2. Schwab Indexed Retirement Trust Funds (TDF): $9,929,575,936 3. Schwab Managed Retirement Trust Funds (TDF): $8,132,548,800 4. Schwab Value Advantage Money Fund - Investor Share: $2,092,071,437 5. Schwab 1000 Index Fund: $1,927,004,459
Advisor Support Services External Wholesalers Focused on Advisors, External Wholesalers Focused on Institutional, Target-Date Evaluation Tools, Training for DC Plan Sales/Service, Investment Committee Meetings
No. of External Wholesalers DC: 20 Retail: 0
*as of 6.30.23
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