Help your employees build retirement savings
The simplicity of an all-in-one solution is appealing to retirement investors. Below are three ways our lifecycle funds stand out.
Fees are among the lowest for actively managed Target-Date Funds, and fees for the Lifecycle Index Funds rank in the bottom 6% across all Target Date Funds.1
The majority of the TIAA-CREF Lifecycle Funds received an overall Morningstar rating of 4 or 5 stars, based on risk-adjusted returns as of 3/31/2021.2
Our lifecycle funds balance market risk and longevity risk to help employees prepare for a potentially longer retirement.
We are the only company to win the Lipper Best Mixed Assets Large Fund Group award for five consecutive years, from Refinitiv, an independent ratings organization.3
TIAA's unique glidepath
Our through-retirement glidepath balances market risk against the risks caused by the longer life expectancies in the U.S.
TIAA Lifecycle Funds include investments in commercial real estate, helping diversification and risk control. Stable cash flows from long-term leases have the potential to result in attractive yields and risk-adjusted returns.
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1 Source: Morningstar Direct, March 31, 2021 institutional share class. Note: The Lifecycle Retirement Income ranks in the 6th percentile and the Lifecycle Index Retirement Income ranks in the 1st percentile.
2 Source: Morningstar Rankings based on total returns. Rankings refer to the institutional share class only. Rankings for other time periods may not be as favorable. Please note Lifecycle Funds are subject to the equity and fixed-income risk, as well as asset allocation risk. The target date for Lifecycle Funds is the approximate date when investors plan to start withdrawing their money. The principal value of the fund(s) is not guaranteed at any time, including at the target date. TIAA-CREF has 26 Lifecycle Funds (13 actively managed funds and 13 index funds). The Morningstar category for Lifecycle Funds is named Target Date and Morningstar groups funds within the same target date in compiling its individual fund rankings.
Source: Morningstar ratings based on the lowest cost share class (Institutional Share Class) for each mutual fund, based on U.S. open end mutual funds. For a fund with multiple share classes and the same pricing, the share class with the longest performance history is used. Morningstar ratings may be higher or lower on a monthly basis. Morningstar is an independent service that rates mutual funds. The top 10% of funds in an investment category receive five stars, the next 22.5% receive four stars and the next 35% receive three stars. The overall star ratings are Morningstar’s published ratings, which are weighted averages of its three-, five- and ten-year ratings for periods ended March 31, 2021. Past performance cannot guarantee future results. For current performance and rankings, please visit TIAA.org/public/tcfpi/InvestResearch
Diversification is a technique to help reduce risk. However, there is no guarantee that diversification will protect against a loss of income.
As with all mutual funds, the principal value of a Lifecycle Fund isn’t guaranteed at any time and will fluctuate with market changes. The target date approximates when investors may plan to start making withdrawals. However, you are not required to withdraw the funds at that target date. After the target date has been reached, some of your money may be merged into a fund with a more stable asset allocation.
Lifecycle Funds share the risks associated with the types of securities held by each of the underlying funds in which they invest. In addition to the fees and expenses associated with the Lifecycle Funds, there is exposure to the fees and expenses associated with the underlying mutual funds.
3 Refinitiv Lipper Fund Awards Winner United States 2016 -2020, Best Mixed Assets Large Fund Family Group Over Three Years. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. Lipper Leaders fund ratings do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction. For more information, see lipperfundawards.com. The Award is based on a review of risk-adjusted performance of 39 companies for 2016, 36 for 2017, 35 for 2018 & 2019, and 30 for 2020. The award pertains only to the TIAA-CREF mutual funds in the mixed-asset category. Certain funds have fee waivers in effect. Without such waivers ratings could be lower. Past performance does not guarantee future results. For current performance, rankings and prospectuses, please visit TIAA.org. The investment advisory services, strategies and expertise of TIAA Investments, a division of Nuveen, are provided by Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC. TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products.
This material is for informational or educational purposes only and does not constitute investment advice under ERISA. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances.