Target Date Analytics: Index Data

	A New Standard for Benchmarking and Evaluating Target Date Funds
	Provided by Target Date Analytics LLC
	Modern Portfolio Theory Liability-Driven Investing Extensive Backtesting

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to download TDA
Index Returns
in Excel format

The PLANSPONSOR On Target Index Series ("OTIS") by TDA are a set of benchmark indexes for target date funds. They are accumulation indexes which begin 40 years before the target date and end at the target date. Unlike other target date indexes, there is a Defensive Allocation, Conservative Allocation, a Moderate Allocation, and an Aggressive Allocation for each target date cohort.

Defensive Index	Conservative Index
Moderate Index	Aggressive Index

Four On Target Indexes are provided for each of six target dates (including Current/Today), so there are 24 indexes. Each represents TDA's proprietary best practice for a given level of volatility:

1. Defensive
2. Conservative
3. Moderate
4. Aggressive
Target Dates: Current/Today, 2010, 2020, 2030, 2040 and 2050

TDA also provides a Peer Average Series that is the equal-weighted average performance across all target date mutual funds within each specific target date cohort.

Note that TDA provides benchmarks for Accumulation funds only and does not intend to provide benchmarks for Distribution funds. Additional target dates will be added through time.

Non-Exclusive Index Returns

TDA provides monthly rates of return on the above indexes for free for all takers. Inception date is January 1998.

Semi-Exclusive Data for Partners Only

In addition to monthly returns, TDA can also provide the following monthly index data for use in performance evaluation and attribution:

	Allocations and returns for the following five asset classes: 1. U.S. Stocks 2. Non-U.S. Stocks 3. Bonds 4. Cash plus TIPs 5. Other
	Weight (size) of assets in each target date cohort, for use in fund family analyses

TDA has designed proprietary methodologies and reports that will be shared with partners. Partners can develop their own reports or use our recommendations. They will each be responsible for implementing their own reporting systems.