Three underlying equity funds of TIAA-CREF Lifecycle target-date series will be liquidated by Dec. 18, 2020. These funds, which currently account for about 25% of the equity sleeve, are TIAA-CREF Quant Large-Cap Growth, TIAA-CREF Quant Large-Cap Value, and TIAA-CREF Quant International Equity, all of which are unrated. They are being replaced by TIAA-CREF Large-Cap Growth Index, Nuveen Santa Barbara Dividend Growth, and Nuveen International Growth, which has a Morningstar Rating of Neutral.
TIAA-CREF Lifecycle 2040 Premier TCZPX
NAV / 1-Day Return
12.30
/
0.24
%
Total Assets
7.0 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.590%
Expense Ratio
0.590%
Fee Level
Below Average
Longest Manager Tenure
15.10
years
Category
Target-Date 2040
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
Medium / ModerateStatus
Open
TTM Yield
2.40%
Turnover
23%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will TCZPX 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 TCZPX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the TCZPX 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 TCZPX’s parent organization’s priorities and whether they’re in line with investors’ interests.
TIAA-CREF Lifecycle Series Replaces Large-Cap Quant Equity Funds; No Change to Ratings
