Alight Solutions 401(k) Index statistics for May 2020:
Index statistics |
May |
2020 YTD |
Total transfers as percentage of starting balance |
0.11% |
1.72% |
# Fixed days |
13 (65%) |
65 (63%) |
# Equity days |
7 (35%) |
38 (37%) |
# Above-normal days |
0 |
32 |
Inflows and outflows during May:
- Trading inflows mainly went to bond funds, international equity and money market funds
- Outflows were primarily from target date2, large U.S. equity and company stock funds
Asset classes with most trading outflows in May
|
Percentage of outflows |
Index dollar value ($ mil) |
Target date funds |
48% |
$113 |
Large U.S. equity funds |
28% |
$65 |
Company stock |
13% |
$31 |
May investment portfolios:
- After reflecting market movements and trading activity, average asset allocation in equities increased from 64.7% in April to 65.4% in May
- New contributions to equities remained at 67.2% from April through May
Asset classes with most contributions in May
|
Percentage of contributions |
Index dollar value ($ mil) |
Target date funds |
46% |
$513 |
Large U.S. equity funds |
21% |
$230 |
International equity funds |
7% |
$76 |
May market observations:
Continuing the trend from April, all followed benchmarks had positive returns for May. Small U.S. equity (represented by the Russell 2000 Index) rose 6.5%, large U.S. equity (represented by the S&P 500 Index) gained 4.8%, international equity (represented by the MSCI All Country World ex-U.S. Index) was up 3.3%, and U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) rising 0.5%.