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Target-Date Funds

These Gold-rated funds can be excellent all-in-one choices for hands-off investors.
Target-date funds aim to give investors an age-appropriate asset-allocation (stock/bond) mix and then gradually make it more conservative as the years go by. Investors pick a target-date fund that is close to the year (the target date) they intend to retire. As the target date approaches, the fund’s allocation gradually shifts from stocks to bonds—handling rebalancing for the investor. Because of this automated feature, target-date funds are often the default investment choice of company retirement plans that auto-enroll employees. But they can also be great hands-off, all-in-one investments for individual accounts, too. This list includes the highest rated no-load target-date funds that Morningstar covers.
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Name
Ticker
Morningstar Category
Medalist Rating
Overall
Morningstar Rating for Funds
Overall
Total Return
1 Year
Total Return
3 Year
Total Return
5 Year
American Funds 2010 Trgt Date Retire F2FBATXTarget-Date 2000-2010
3.03%1.58%3.51%
Rxdkdcvb Xjzmy 4053 Mgdd Sylv Lhhrbr N55YKSGDTarget-Date 2015
3.70%1.85%3.76%
Vqmsjmmp Vgpdl 3544 Rmmc Plxv Xbtvbz V804KVHFBTarget-Date 2020
4.04%1.86%3.89%
Kwkhhfxg Gdspb 0922 Hyqq Tzqk Jtcwtn Z02HXMXDNTarget-Date 2025
4.92%2.18%4.45%
Fqpsgprd Wygsh 2370 Zlsz Kcqh Ghythl HMLWWTarget-Date 2030
6.43%2.99%5.01%
Zssmtfnq Gpfjp 2895 Lzjt Yhgb Rmrfsk Y5ZQDTJTarget-Date 2035
8.03%4.13%5.88%
Cqrwhdgw Gfjpp 2134 Ftzq Qhhx Kwykgd V78QLPFGYTarget-Date 2040
9.59%4.77%6.34%
Gjhwmvph Bfrsf 3151 Zdtj Xtzd WvzybpXWKWVTarget-Date 2045
9.93%4.85%6.39%
Rlbvsrps Kkpdr 3164 Xntj Qfmv CwkjbkWLGHRTarget-Date 2050
10.21%4.76%6.36%
Tjrkzzyj Jxlww 6737 Cjtg Rtzw Vyntvl B656GRZMDTarget-Date 2055
10.57%4.64%6.28%
Ycvbhsyf Jqhlv 3089 Btrr Nqbm Kgfkfp QQLNVKTarget-Date 2060
10.63%4.60%6.25%
Xzfrwsfw Wzvgj 7749 Kwyf Zgkf Kzhhzn W857GVRJYTarget-Date 2065+
10.63%4.61%
Sclwsl ps Ndhdvsw 3601 MwhdtnntMJTDLTarget-Date 2015
4.25%0.74%2.73%
Phzhhc wm Xzdbhzy 3431 RcsqkkpBPHQKSTarget-Date 2020
5.00%1.72%3.32%
Jtwhjb nt Zncxnvc 2310 KmbxqxfyrmFSLTFTarget-Date 2025
6.22%3.01%4.00%
Hqlhxv jy Dwfhzwr 8074 HvhldhfqcMNBYZWTarget-Date 2030
7.48%4.77%4.87%
Gkbcnz qf Rxptbsm 9047 XgrhwcpNZWRTarget-Date 2035
8.90%6.00%5.42%
Frxjll qr Gyfbxjf 1374 CwprdbcsDCPLJTarget-Date 2040
9.98%7.25%6.04%
Dlbcct nt Slhtmsy 8962 CrpdtslnDFQXTTTarget-Date 2045
10.68%7.65%6.13%
Zpbvnh hm Mmmhypw 2544 HqsbklhdcxCXBGTarget-Date 2050
10.73%7.89%6.13%
Dszmhf bn Zfwwbvw 2921 BtzvkvqvnrxjmMGNFFTarget-Date 2060
10.86%8.42%6.33%
Gmlmck rj Mtbjqcl 3815 Thvyqrrttb LvrbzqdLMSTTDTarget-Date 2065+
11.14%8.72%
Pwrskb sf Kxlzwgc Dfdyvhjqnd LnggtnBXLTJFTarget-Date Retirement
3.53%−0.18%2.42%
G. Psbl Sbqgl Klfnvnhdbv Lbqkq 37FNTKTarget-Date 2000-2010
5.00%
L. Lltt Fmkvf Xfnvtnwcmb Pbdlm 95XGKZKTarget-Date 2000-2010
5.31%
J. Grjw Wfrxr Brzljcqxlr Cfcsk 00HBVVGMTarget-Date 2015
5.75%
M. Rcjt Tfmlv Kxpxgyzbqc Njybf 22DPZJZTarget-Date 2020
6.06%
P. Svrz Bhjgq Brnncbzdhh Mmtcy 41DGKLTarget-Date 2025
6.73%
W. Rhzh Vdmtq Klvcpdcpcb Tmmvw 2013035BGVDRTarget-Date 2030
7.90%
N. Llnz Crqxv Xtzhxtxgmn Qdrxt 744969CPZFLTarget-Date 2035
9.11%
M. Jmxw Bmjhm Dsmhkzphxk Xhqky 3038023QPLWBYTarget-Date 2040
10.18%
Z. Wyqs Jqcdh Rcxvftyqbs Wrhbd 5WNGVGQTarget-Date 2045
10.83%
G. Pcxd Lnlsz Hwwgrcvgvh Jmdxy 312NYLSKZTarget-Date 2050
11.09%
J. Lrkm Vlfgf Qtsmkymwvp Tqqys 249LBQHTarget-Date 2055
11.13%
F. Tyfh Qlhmg Jyzkzcqjsf Hkgtv 9312DVNHXTarget-Date 2060
11.16%
X. Kqyh Wqlrk Jcdkytknjy Lpdbg 90908SPSMFTarget-Date 2065+
11.16%
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List Criteria

Gold-Rated Funds

The Medalist Rating for funds reflects our forward-looking assessment of a fund’s ability to outperform its peer group (funds in the same category) and benchmark on a risk-adjusted basis over the long term. We assign the ratings on a five-tier scale with three positive (Medalist) ratings of Gold, Silver, and Bronze; a Neutral rating; and a Negative rating. If a fund receives a Gold, Silver, or Bronze rating, it means that Morningstar analysts expect it to outperform over a full market cycle of at least five years.

Open to New Investment

All the funds on this list are open for new investment. Sometimes mutual funds will close to new investors-or even restrict existing fundholders from investing more money-when the fund is receiving more money than the management team believes it can invest effectively. Closing a fund under these circumstances is usually considered investor-friendly, as funds that get too big can sometimes suffer performance problems later. Even though new investors can’t get into closed funds (so such funds are not included here), closed funds that are rated Gold, Silver, or Bronze may be worth putting on a watch list.

Share Class Exclusions Applied

Many fund families offer multiple versions of the same fund but with variations on the sales fees that are charged and/or investor qualifications. In some cases, certain share classes may be for institutions (such as company retirement funds) or otherwise have a high investment minimum. We've limited our list to funds that are primarily used by and available to individual, or retail, investors.