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Morningstar

TIAA-CREF Lifecycle Index 2045 Instl TLXIX

Morningstar Medalist Rating
Medalist Rating as of | See TIAA Investment Hub
  • NAV / 1-Day Return 25.31  /  1.04 %
  • Total Assets 5.5 Bil
  • Adj. Expense Ratio
    0.100%
  • Expense Ratio 0.100%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Target-Date 2045
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Status Open
  • TTM Yield 1.84%
  • Turnover 11%

USD | NAV as of Jun 01, 2023 | 1-Day Return as of Jun 01, 2023, 10:23 PM GMT+0

Morningstar’s Analysis TLXIX

Will TLXIX 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 TLXIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the TLXIX 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 TLXIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Manager Departs From the TIAA-CREF Lifecycle Index 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 Bronze for its three cheapest share classes and Neutral for its more expensive share class.

by Spencer Brown
Published on

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Portfolio Holdings TLXIX

More TLXIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 0
  • Other Holdings 6
  • % Assets in Top 10 Holdings 99.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

TIAA-CREF Equity Index W

57.01
3,124,203,322
—

TIAA-CREF International Eq Idx W

21.67
1,187,452,402
—

TIAA-CREF Bond Index W

12.18
667,635,929
—

TIAA-CREF Emerging Markets Eq Idx W

8.99
492,628,978
—

Fixed Inc Clearing Corp.Repo

0.15
8,185,000
Cash and Equivalents

Usd

< 0.01
343
Cash and Equivalents