In July 2019, the managers behind the TIAA-CREF Lifecycle series announced plans for a new approach in the retirement years. Instead of landing at a 40% equity stake, including a 5% position in direct real estate, and merging into a retirement-income fund 10 years after the target date, the funds will continue to glide down to a 20% equity stake until 30 years after target date. This glide-path extension will bring the series' equity exposure more in line with the peer average in the retirement phase. Overall, the series' stable management, well-diversified approach, and attractive pricing continue to support a Morningstar Analyst Rating of Bronze.
Will TCIIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillar’s below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TCIIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the TCIIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of TCIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
The Price Pillar compares TCIIX’s fees to similar funds, determining whether or not the fund provides a good value proposition.
The Performance Pillar is our evaluation of whether TCIIX’s returns have been the result of chance or a proven, long-term process and compares the fund with its category or benchmark.