Target maturity funds picked up more than $13 billion in the fourth quarter of 2012, bringing the industry’s total assets to some $485 billion, a 29% increase from a year ago, according to data from Ibbotson Associates.

The “big three” of Vanguard, Fidelity, and T. Rowe Price continued to garner the majority of flows, capturing 69% of net flows during the quarter, according to the latest Ibbotson Target Maturity Report. Other target maturity fund providers that saw large inflows this quarter include Wells Fargo Advantage, John Hancock, TIAA-CREF, J.P. Morgan, and American Funds.

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