About TCLOX
Nuveen Lifecycle 2040 Fund (Retirement) is a target-date mutual fund designed to help investors prepare financially for retirement around the year 2040. As a target-date fund, it employs a "glide path" investment strategy, gradually shifting its asset allocation from higher equity exposure to more conservative investments as the target date approaches and continues into retirement. Initially, the fund starts with approximately 95% allocated to equities, reducing to 50% at the retirement date, and eventually to 20% equity about 30 years after retirement, aiming to balance long-term growth with preservation of capital over time.
The fund operates as a “fund of funds,” investing in a diversified mix of Nuveen and TIAA-CREF affiliated mutual funds and ETFs, which include large-cap growth and value equities, international equities, core bond holdings, and real estate assets. This structure allows the fund to diversify across asset classes, sectors, and regions, thereby managing risk and seeking to maximize risk-adjusted returns for investors preparing for retirement. The Nuveen Lifecycle 2040 Fund serves a broad investor base looking for a professionally managed, all-in-one retirement investment solution with an evolving risk profile tailored to changing retirement needs.
Fund Family Nuveen
Category Target-Date 2040
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol TCLOX
Share Class Retirement Class
Index S&P Target Date 2040 TR
TCLOX had a total return of 10.15% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.48%.
