Nuveen Lifecycle Index 2040 Fund
TIAA-CREF Funds · Series S000026506 · 4 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2025 Q3
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.
| Share class | Gross | Net |
|---|---|---|
| TLZIX | 0.17% | 0.10% |
| TLPRX | 0.32% | 0.25% |
| TLZRX | 0.42% | 0.35% |
| TLZHX | 0.25% | 0.18% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 12.00% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| 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.
Latest quarter
What changed since the fund's previous filing
New: STATE STREET BANK AND TRUST COMPANY
Exited: The Bank of New York Mellon Corp
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +24.07% | +56.38% | +49.98% | 10.34% | -8.74% | |
| +23.84% | +55.64% | +48.84% | 10.34% | -8.79% | |
| +23.74% | +55.15% | +48.11% | 10.36% | -8.83% | |
| +24.01% | +56.09% | +49.45% | 10.36% | -8.75% |
These classes hold the same portfolio, so the 1.88pp spread over 5 years is the cost difference between them — roughly 0.38pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| TEQWX | Nuveen Equity Index FundTEQWX | 49.92% | $52.16 | $5.83B | 111.7M |
| TCIWX | Nuveen International Equity Index FundTCIWX | 16.90% | $30.50 | $1.97B | 64.7M |
| TBIWX | Nuveen Bond Index FundTBIWX | 16.68% | $9.68 | $1.95B | 201.1M |
| TENWX | Nuveen Emerging Markets Equity Index FundTENWX | 9.83% | $17.66 | $1.15B | 65.0M |
| — | Nuveen International Aggregate Bond ETF | 4.14% | $24.95 | $483.52M | 19.4M |
| — | Nuveen High Yield Corporate Bond ETF | 1.63% | $24.83 | $190.61M | 7.7M |
| TTBWX | Nuveen Short Term Bond Index FundTTBWX | 0.38% | $9.61 | $44.34M | 4.6M |
| TIIWX | Nuveen Inflation Linked Bond FundTIIWX | 0.32% | $10.97 | $37.20M | 3.4M |
| — | 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.
Top 10 positions are 99.95% of net assets, top 25 99.95%, across 9 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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