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Morningstar

TIAA-CREF Lifecycle 2040 Retirement TCLOX

Morningstar Medalist Rating
Medalist Rating as of | See TIAA Investment Hub
  • NAV / 1-Day Return 14.77  /  1.16 %
  • Total Assets 5.8 Bil
  • Adj. Expense Ratio
    0.490%
  • Expense Ratio 0.690%
  • Distribution Fee Level High
  • Share Class Type Retirement, Large
  • Category Target-Date 2040
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Status Open
  • TTM Yield 0.94%
  • Turnover 29%

USD | NAV as of Jun 02, 2023 | 1-Day Return as of Jun 02, 2023, 10:16 PM GMT+0

Morningstar’s Analysis TCLOX

Will TCLOX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TCLOX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the TCLOX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of TCLOX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Manager Departs From the TIAA-CREF Lifecycle Series; Ratings Unchanged

null Spencer Brown

Spencer Brown

Analyst Note

In November 2022, TIAA-CREF announced that Hans Erickson, head of the target-date multi-asset team for Nuveen, will be departing the firm in March 2023. John Cunniff, co-portfolio manager on the series since its inception, has taken over as lead portfolio manager. He continues to be supported by Steve Sedmak, who was named a portfolio manager in 2018. Three associate managers round out the team, and the firm expects to make an additional hire in 2023. The series’ People Pillar rating remains at Average and its Morningstar Analyst Rating remains at Neutral for all share classes.

by Spencer Brown
Published on

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Portfolio Holdings TCLOX

More TCLOX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 0
  • Other Holdings 20
  • % Assets in Top 10 Holdings 79.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

TIAA-CREF International Eq W

12.24
703,504,296
—

Nuveen Growth Opportunities ETF

8.33
478,400,324
—

TIAA-CREF Large-Cap Growth W

8.24
473,544,204
—

TIAA-CREF Large-Cap Value W

7.82
449,259,396
—

Nuveen Dividend Value R6

7.80
448,151,096
—

TIAA-CREF Core Bond W

7.63
438,328,792
—

TIAA-CREF Growth & Income W

7.53
432,460,141
—

Nuveen Dividend Growth R6

7.52
432,294,280
—

TIAA-CREF International Opps W

7.24
415,694,516
—

Tiaa Cref Real Property Fnd Lp

5.60
321,685,191
—