TLZIX: TIAA-CREF Lifecycle Index 2040 Fund - MutualFunds.com

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TIAA-CREF Lifecycle Index 2040 Instl

TLZIX - Snapshot

Vitals

  • YTD Return 1.7%
  • 3 Yr Annualized Return 8.1%
  • 5 Yr Annualized Return 10.6%
  • Net Assets $4.33 B
  • Holdings in Top 10 99.8%

52 WEEK LOW AND HIGH

$22.94
$16.13
$23.67

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.19%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 11.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $10,000,000
  • IRA $10,000,000

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2040

Compare TLZIX to Popular Target-Date 2040 Funds

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$39.45

-2.52%

$32.40 B

2.20%

$0.89

0.82%

$26.09

-2.50%

$29.15 B

2.26%

$0.60

0.81%

$10.35

-2.73%

$24.14 B

1.49%

$0.16

-2.27%

0.75%

$16.68

-2.68%

$21.03 B

0.95%

$0.16

2.96%

0.36%

$27.68

-2.74%

$14.42 B

1.58%

$0.45

2.29%

0.09%

TLZIX - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return 8.1%
  • 5 Yr Annualized Total Return 10.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.28%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    TIAA-CREF Lifecycle Index 2040 Fund
  • Fund Family Name
    TIAA Investments
  • Inception Date
    Sep 30, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Hans Erickson

Fund Description

The fund is a "fund of funds" that invests in Class W shares of other funds of the Trust and potentially in other investment pools or investment products. It has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in underlying funds that are managed to seek investment returns that track particular market indices. Advisors currently expects to allocate approximately 80.40% of the fund's assets to equity underlying funds and 19.60% of its assets to fixed-income underlying funds.


TLZIX - Performance

Return Ranking - Trailing

Period TLZIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -11.9% 7.4% 19.63%
1 Yr 11.0% 1.7% 14.1% 17.65%
3 Yr 8.1%* 3.2% 9.1% 6.53%
5 Yr 10.6%* 5.5% 11.3% 5.56%
10 Yr 10.1%* 5.0% 10.6% 7.87%

* Annualized

Return Ranking - Calendar

Period TLZIX Return Category Return Low Category Return High Rank in Category (%)
2019 21.7% 4.1% 22.6% 7.04%
2018 -8.8% -23.1% -6.9% 1.58%
2017 17.9% -15.1% 18.8% 15.73%
2016 6.2% -0.2% 8.2% 21.15%
2015 -3.1% -14.5% -1.5% 3.82%

Total Return Ranking - Trailing

Period TLZIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -11.9% 7.4% 19.63%
1 Yr 11.0% -3.2% 14.1% 16.97%
3 Yr 8.1%* 2.0% 9.1% 6.09%
5 Yr 10.6%* 5.1% 11.3% 5.06%
10 Yr 10.1%* 5.0% 10.6% 7.20%

* Annualized

Total Return Ranking - Calendar

Period TLZIX Return Category Return Low Category Return High Rank in Category (%)
2019 21.7% 4.1% 22.6% 7.04%
2018 -8.8% -23.1% -5.5% 24.21%
2017 17.9% -15.1% 26.3% 47.75%
2016 6.2% -0.1% 10.6% 61.54%
2015 -3.1% -14.5% 0.6% 53.44%

NAV & Total Return History


TLZIX - Holdings

Concentration Analysis

TLZIX Category Low Category High TLZIX % Rank
Net Assets 4.33 B 130 K 32.4 B 18.10%
Number of Holdings 5 1 512 88.21%
Net Assets in Top 10 4.33 B 109 K 32.4 B 18.34%
Weighting of Top 10 99.81% 42.0% 100.0% 20.37%

Top 10 Holdings

  1. TIAA-CREF Equity Index W 56.88%
  2. TIAA-CREF Bond Index W 18.45%
  3. TIAA-CREF International Eq Idx W 16.69%
  4. TIAA-CREF Emerging Markets Eq Idx W 7.78%

Asset Allocation

Weighting Return Low Return High TLZIX % Rank
Stocks
81.11% 40.33% 98.87% 50.22%
Bonds
18.23% 1.37% 106.23% 26.20%
Cash
0.74% -71.94% 17.06% 81.22%
Convertible Bonds
0.15% 0.00% 0.89% 41.48%
Preferred Stocks
0.01% 0.00% 0.73% 46.72%
Other
-0.23% -0.23% 39.55% 98.69%

Stock Sector Breakdown

Weighting Return Low Return High TLZIX % Rank
Technology
20.73% 10.25% 23.11% 13.97%
Financial Services
13.70% 10.38% 17.51% 57.21%
Healthcare
13.33% 10.76% 18.09% 48.03%
Consumer Cyclical
12.25% 9.15% 13.50% 24.02%
Communication Services
9.96% 6.23% 11.05% 10.04%
Industrials
9.55% 8.75% 14.46% 80.79%
Consumer Defense
7.69% 5.13% 12.21% 35.37%
Basic Materials
3.80% 2.21% 7.26% 70.74%
Real Estate
3.37% 1.94% 10.02% 60.70%
Utilities
2.86% 0.79% 4.80% 60.70%
Energy
2.75% 1.72% 7.87% 59.39%

Stock Geographic Breakdown

Weighting Return Low Return High TLZIX % Rank
US
56.62% 9.60% 67.14% 17.03%
Non US
24.49% 11.14% 44.02% 85.15%

Bond Sector Breakdown

Weighting Return Low Return High TLZIX % Rank
Government
40.49% 8.73% 60.45% 21.40%
Securitized
28.49% 0.00% 33.99% 10.04%
Corporate
26.35% 0.10% 58.58% 55.02%
Cash & Equivalents
3.88% 1.00% 50.90% 96.07%
Municipal
0.79% 0.00% 11.52% 13.97%
Derivative
0.00% 0.00% 41.93% 70.31%

Bond Geographic Breakdown

Weighting Return Low Return High TLZIX % Rank
US
16.83% -0.48% 49.74% 21.83%
Non US
1.40% -12.24% 90.98% 66.38%

TLZIX - Expenses

Operational Fees

TLZIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.19% 0.01% 12.08% 83.81%
Management Fee 0.16% 0.00% 0.88% 54.15%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

TLZIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

TLZIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TLZIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.00% 150.00% 15.53%

TLZIX - Distributions

Dividend Yield Analysis

TLZIX Category Low Category High TLZIX % Rank
Dividend Yield 0.00% 0.00% 2.58% 5.17%

Dividend Distribution Analysis

TLZIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Net Income Ratio Analysis

TLZIX Category Low Category High TLZIX % Rank
Net Income Ratio 2.28% -0.27% 6.94% 19.35%

Capital Gain Distribution Analysis

TLZIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

TLZIX - Fund Manager Analysis

Managers

Hans Erickson


Start Date

Tenure

Tenure Rank

Sep 30, 2009

11.01

11.0%

Erickson has been serving for Teachers Advisors Inc. as a managing director since 1996. Prior to that, Erickson joined Templeton Quantitative Advisers in 1990. Erickson was employed by Anderson Consulting from May 1989 through February 1990 and Morgan Stanley from June 1988 through May 1989.

John Cunniff


Start Date

Tenure

Tenure Rank

Sep 30, 2009

11.01

11.0%

John Cunniff is a managing director and Lifecycle portfolio manager for the TIAA organization. Mr. Cunniff currently manages investment strategies for TIAA’s Lifecycle and Managed Allocation portfolios. He joined the TIAA organization in 2006. Mr. Cunniff has 25 years of industry experience. Previously, he served as director of U.S. research at Morgan Stanley Investment Management and as a portfolio manager for both Van Kampen Investments and Franklin Templeton Investments. Mr. Cunniff earned a B.S. from Johns Hopkins University, an M.S.E. from Princeton University, and an M.B.A. from Columbia University. He is a member of the New York Society of Securities Analysts

Steve Sedmak


Start Date

Tenure

Tenure Rank

Oct 01, 2018

2.0

2.0%

Steve Sedmak is a Senior Director on the Multi-Asset Investment Team at TIAA Investments, focusing on Lifecycle and other multi-asset strategies. Steve joined TIAA in 2016 and has 17 years of industry experience. Prior to joining TIAA, he served as Head of Portfolio Implementation for the Multi-Asset Strategies group at Voya Investment Management. He also served as a Portfolio Manager on the Quantitative Equity team at Voya. Prior to joining Voya, Steve had multiple roles in portfolio trading at Stifel Nicolaus, Legg Mason, and CIBC World Markets. Steve earned a B.S. in Business Administration and a B.A. in Mathematics from the University of Southern California, and holds a M.S. in Mathematics of Finance from New York University. Steve holds the CFA designation and is a member of the Chicago Quantitative Alliance.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.12 18.01 5.37 0.75