Angular 13 build not creating polyfills-es5.js file

After trying to migrate form Angular 9 to 13, ng build –configuration production is not creating the polyfills-es5.js file which I need for IE 11.

I tried below things

Updated tsconfig.json file to target to es5

{
  "compileOnSave": false,
  "compilerOptions": {
    "outDir": "./dist/out-tsc",
    "sourceMap": true,
    "declaration": false,
    "downlevelIteration": true,
    "module": "es2020",
    "moduleResolution": "node",
    "experimentalDecorators": true,
    "importHelpers": true,
    "target": "es5",
    "typeRoots": [
      "node_modules/@types"
    ],
    "lib": [
      "es2018",
      "dom"
    ]
  },
  "angularCompilerOptions": {
    "fullTemplateTypeCheck": true,
    "strictInjectionParameters": true
  }
}

Updated polyfills.ts files

 * BROWSER POLYFILLS
 */
import 'core-js';
/** IE10 and IE11 requires the following for NgClass support on SVG elements */
// import 'classlist.js';  // Run `npm install --save classlist.js`.

I also read somewhere to update the browserslist file, but I am not able to find browserslist file in my project folder.