Nuveen Lifecycle Index 2040 Fund
Target-date 2040 fund
As of its 2026 Q2 report, Nuveen Lifecycle Index 2040 Fund held 9 positions with $11.67B in net assets. Its ten largest holdings made up 100.0% of the fund. The TLZIX share class costs 0.1% a year. Over the 12 months to May 2026, TLZIX returned 23.4%, with dividends reinvested. In 2026 Q2 it added 1 new positions and exited 1.
The Fund seeks high total return over time through a combination of capital appreciation and income.
The fund is a fund of funds that invests in Class W shares of other Nuveen mutual funds and ETFs, holding a diversified mix of equity index funds and fixed-income index funds. Its asset allocation automatically shifts from more aggressive to more conservative over time as its 2040 target retirement date approaches and for approximately 30 years thereafter, moving toward a final allocation of 20% equity and 80% fixed-income by 2070. The fund maintains at least 80% of assets in index-tracking underlying funds across various market sectors including U.S. equity, international equity, fixed-income, and inflation-protected assets. Because actual allocations may vary up to ten percentage points from targets within each asset class and market sector, the fund's returns may diverge from any single benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
TEQWXNuveen Equity Index Fund | 49.92% | $5.83B | 111.7M | $52.16 |
TCIWXNuveen International Equity Index Fund | 16.90% | $1.97B | 64.7M | $30.50 |
TBIWXNuveen Bond Index Fund | 16.68% | $1.95B | 201.1M | $9.68 |
TENWXNuveen Emerging Markets Equity Index Fund | 9.83% | $1.15B | 65.0M | $17.66 |
Nuveen International Aggregate Bond ETF | 4.14% | $483.52M | 19.4M | $24.95 |
Nuveen High Yield Corporate Bond ETF | 1.63% | $190.61M | 7.7M | $24.83 |
TTBWXNuveen Short Term Bond Index Fund | 0.38% | $44.34M | 4.6M | $9.61 |
TIIWXNuveen Inflation Linked Bond Fund | 0.32% | $37.20M | 3.4M | $10.97 |
STATE STREET BANK AND TRUST COMPANY | 0.14% | $16.71M | — | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
All 9 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 75.30% |
| Bonds | 18.57% |
| Securitized | 4.23% |
| Cash & short-term | 1.83% |
| Derivatives | 1.42% |
Look-through blends 8 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
How it has done
TLZIX share class · total returns with dividends reinvested
Volatility over the last 12 months: 10.22%. Past returns are a record, not a forecast.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.10% | +23.45% | +63.74% | +54.03% | -8.74% | |
| 0.25% | +23.27% | +63.04% | +52.84% | -8.79% | |
| 0.35% | +23.12% | +62.52% | +52.12% | -8.83% | |
| 0.18% | +23.36% | +63.47% | +53.44% | -8.75% |
These classes hold the same portfolio, so the 1.91pp spread over 5 years is the cost difference between them — roughly 0.38pp a year — not a difference in what they own.
Fees & fund details
Nuveen Lifecycle Index 2040 Fund is a target-date 2040 fund.
- Asset class
- Target-date
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Target year
- 2040
- Features
- Fund of funds
- Expense ratio, by class
- 0.10% – 0.35%· TLZIX 0.10%
- Portfolio turnover
- 12.00% a year · as of 2025 Q3
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
1 new
1 exited
Understand how this fund fits with the rest.
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