Nuveen Lifecycle Index 2040 Fund R6 Class (TLZIX)
| Fund Assets | 10.83B |
| Expense Ratio | 0.10% |
| Min. Investment | $10,000,000 |
| Turnover | 12.00% |
| Dividend (ttm) | 1.28 |
| Dividend Yield | 3.96% |
| Dividend Growth | 75.21% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 19, 2025 |
| Previous Close | 33.02 |
| YTD Return | -0.66% |
| 1-Year Return | 17.69% |
| 5-Year Return | 45.61% |
| 52-Week Low | 26.70 |
| 52-Week High | 35.01 |
| Beta (5Y) | n/a |
| Holdings | 10 |
| Inception Date | Sep 30, 2009 |
About TLZIX
Nuveen Lifecycle Index 2040 Fund R6 is a target-date mutual fund tailored for investors planning to retire around the year 2040. Its primary function is to provide a diversified, professionally managed portfolio that gradually adjusts its allocation from a growth-oriented mix of equities to a more conservative allocation with increased fixed-income exposure as the target retirement date approaches. The fund operates as a "fund of funds," investing primarily in underlying Nuveen and TIAA-CREF index funds, spanning domestic and international equities, emerging markets, and fixed-income securities. This diversified approach is designed to balance risk and return, aiming for high total returns over time through both capital appreciation and income. As part of the target-date category, it follows a predetermined glide path, reducing investment risk as participants near retirement. The fund is particularly significant within retirement planning, offering an automated investment solution for individuals seeking simplicity and long-term growth while aiming to minimize volatility as retirement nears. The R6 share class is commonly used in institutional settings, such as 401(k) plans, due to its low expense ratio and absence of distribution fees.
Performance
TLZIX had a total return of 17.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.99%.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Nuveen Equity Index Fund Class W | TEQWX | 49.47% |
| Nuveen International Equity Index Fund Class W | TCIWX | 17.52% |
| Nuveen Bond Index Fund Class W | TBIWX | 17.18% |
| Nuveen Emerging Markets Equity Index Fund Class W | TENWX | 9.24% |
| NuShares ETF Trust Nuveen International Aggregate Bond ETF | NXUS | 4.34% |
| Nuveen High Yield Corporate Bond ETF | NHYB | 1.66% |
| Nuveen Inflation Linked Bond Fund Class W | TIIWX | 0.24% |
| Nuveen Short Term Bond Index Fund Class W | TTBWX | 0.24% |
| 2026-03-02_3.66 Repo - 02mar26 | n/a | 0.11% |
| Usd | n/a | -0.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 19, 2025 | $1.27969 | Dec 22, 2025 |
| Dec 13, 2024 | $0.73036 | Dec 16, 2024 |
| Dec 15, 2023 | $0.55738 | Dec 15, 2023 |
| Dec 16, 2022 | $0.59515 | Dec 16, 2022 |
| Dec 17, 2021 | $0.81843 | Dec 17, 2021 |
| Dec 18, 2020 | $0.48831 | Dec 18, 2020 |