Effective 01 May 2024, the name of the Fund changed from TIAA-CREF Lifecycle Fund to Nuveen Lifecycle Fund. This change did not impact any of the underlying Funds’ investment strategies or portfolio management.
Effective 01 May 2024, the name of the Fund changed from TIAA-CREF Lifecycle Index Fund to Nuveen Lifecycle Index Fund. This change did not impact any of the underlying Funds’ investment strategies or portfolio management.
As with all mutual funds, the principal value of a lifecycle fund isn’t guaranteed at any time, including at the target date, 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.
Target date 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 target date funds, there is exposure to the fees and expenses associated with the underlying mutual funds.
Diversification is a technique to help reduce risk. There is no guarantee that diversification will protect against a loss of income.
Nuveen products may be subject to market and other risk factors. See the applicable product literature, or visit www.nuveen.com for details.
1 Source: Morningstar Open End Target Date Expense Quartiles as of 30 Sept 2024.
2 Morningstar ratings refer to institutional share class only. Morningstar ratings based on the lowest cost 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. Morningstar proprietary ratings reflect historical risk-adjusted performance and can change every month. They are calculated from the fund’s three-, five- and ten-year average annual returns in excess of 90-day Treasury bill returns with appropriate fee adjustments, and a risk factor that reflects fund performance below 90-day T-bill returns. The overall star ratings are Morningstar’s published ratings, which are weighted averages of its three-, five- and ten-year ratings for periods ended 30 Sep 2024. Performance data shown represents past performance and does not predict or guarantee future results. For current performance and rankings, please visit nuveen.comOpens in a new window.
This material is for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. 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.