1. 50 Largest US Mutual Fund Families
Firm
AUM
Ownership
Firm
AUM
Ownership
Vanguard
$3,829B
Independent. Owned by Vanguard funds.
Fidelity
$1,698B
Independent. Employee-owned.
American Funds
$1,589B
T Rowe Price
$707.9B
Independent. Publicly traded.
Franklin Templeton
$410.0B
DFA
$397.1B
PIMCO
$353.9B
Owned by Allianz.
JP Morgan
$335.0B
Owned by JP Morgan & Co.
BlackRock
$262.7B
MFS
$236.2B
Owned by Sun Life Financial.
Dodge & Cox
$206.1B
Jackson National
$198.3B
Owned by Prudential Plc.
OppenheimerFunds
$180.4B
Sale to Invesco announced in October Current owner MassMutual will gain stake in Invesco.
TIAA Investments
$172.1B
Owned by TIAA.
John Hancock
$166.0B
Owned by Manulife Financial.
Principal Funds
$148.4B
Owned by Principal Financial.
Columbia
$141.0B
Owned by Ameriprise Financial.
Invesco
$140.1B
Axa Equitable
$138.1B
Owned by Axa Group.
Lord Abbett
$134.3B
Janus Henderson
$123.9B
American Century
$117.2B
Owned by Stowers Institute for Medical Research, employees, and Nomura Holdings.
Legg Mason
$107.1B
Hartford Funds
$103.8B
Owned by Hartford Financial Services Group.
PGIM
$99.0B
Owned by Prudential Financial.
SEI
$94.7B
Goldman Sachs
$88.0B
Owned by Goldman Sachs.
AllianceBernstein
$87.8B
Publicly traded. Controlled by AXA Group.
Voya
$87.4B
Owned by Voya Financial.
Schwab Funds
$82.5B
Owned by Charles Schwab Corp.
Wells Fargo
$80.4B
Owned by Wells Fargo & Co.
Eaton Vance
$77.3B
Independent. Publicly traded.
Metropolitan West
$76.4B
Owned by TCW Group. TCW is owned by employees, Carlyle Group, and Nippon Life.
DoubleLine
$74.9B
Independent, Employee-owned.
Nuveen
$74.0B
Owned by TIAA.
Putnam
$70.1B
Owned by Great-West Lifeco and ultimately by Power Corp. of Canada.
Oakmark
$69.1B
Owned by Natixis and ultimately by Groupe BPCE.
First Eagle
$64.4B
Controlling interest in firm held by Blackstone Group and Corsair Capital Funds.
Bridge Builder
$63.5B
Part of employee-owned Edward Jones.
Federated
$60.9B
USAA
$67.0B
Announced sale to publicly traded Victory Capital in November 2018.
Ivy Funds
$59.1B
Owned by Waddell & Reed.
GMO
$54.8B
Independent. Employee-owned.
Dreyfus
$53.3B
Owned by BNY Mellon.
Natixis
$49.5B
MainStay
$49.1B
Owned by New York Life.
Northern Funds
$47.9B
Owned by Northern Trust.
Artisan
$47.7B
Delaware Funds by Macquarie
$47.2B
Owned by Macquarie Group.
Baird
$47.0B
Part of employee-owned Baird Financial Group.
Note: Totals exclude money market assets
Source: CL-Media Relations, Morningstar, SEC filings, company websites.