The average target maturity fund had a positive return for the fourth straight quarter of 3.8%, slightly below the 4.0% return during the fourth quarter of 2009, and the 5.4% return of the S&P 500 Index in the first quarter. The Morningstar Lifetime Moderate Index family returned 3.4% for the quarter.
These funds have produced average annual returns of 5.5% over tha past few years.
The five-year performance of moderate target-date funds, by target year, are as follows:
- 2010: 5.5%
- 2020: 5.4%
- 2030: 5.1%