- ISIN
- US87244W3833
- Issuer
- TIAA Investments
- Inception Date
- Oct 14, 2004
- Category
- Target Retirement Date
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
TCLOX Performance Chart
TIAA-CREF Lifecycle 2040 Fund (TCLOX) is up 8.1% since the beginning of the year. TCLOX is currently trading at $21 per share. Investors who bought $1,000 worth of TCLOX shares 5 years ago would now be looking at an investment worth $1,456.
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Returns By Period
TIAA-CREF Lifecycle 2040 Fund (TCLOX) has returned 8.09% so far this year and 21.10% over the past 12 months. Over the last ten years, TCLOX has returned 10.16% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
TIAA-CREF Lifecycle 2040 Fund
- 1D
- 0.43%
- 1M
- 3.81%
- YTD
- 8.09%
- 6M
- 8.66%
- 1Y
- 21.10%
- 3Y*
- 15.67%
- 5Y*
- 7.80%
- 10Y*
- 10.16%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
TCLOX Monthly Returns History
Based on dividend-adjusted daily data since Oct 6, 2004, TCLOX's average daily return is +0.03%, while the average monthly return is +0.69%. At this rate, an investment would double in approximately 8.4 years.
Historically, 65% of months were positive and 35% were negative. The best month was Oct 2011 with a return of +10.6%, while the worst month was Oct 2008 at -17.5%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, TCLOX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +10.2%, while the worst single day was Mar 16, 2020 at -9.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.11% | 1.21% | -5.49% | 7.07% | 2.61% | 0.72% | 8.09% | ||||||
| 2025 | 2.69% | -0.33% | -3.47% | 0.29% | 4.45% | 3.88% | 0.64% | 2.38% | 2.69% | 1.81% | 0.30% | 0.48% | 16.72% |
| 2024 | 0.38% | 3.70% | 2.84% | -3.41% | 3.59% | 1.82% | 1.50% | 1.82% | 1.34% | -1.87% | 3.09% | -2.60% | 12.55% |
| 2023 | 6.01% | -2.56% | 2.27% | 1.18% | -0.82% | 4.91% | 2.97% | -2.43% | -3.81% | -2.32% | 7.40% | 4.68% | 18.04% |
| 2022 | -4.73% | -2.72% | 1.00% | -6.90% | 0.40% | -7.31% | 6.18% | -3.15% | -7.88% | 5.55% | 6.54% | -3.77% | -16.86% |
| 2021 | -0.67% | 2.68% | 1.90% | 3.84% | 1.18% | 1.27% | 0.55% | 1.91% | -3.63% | 3.94% | -2.67% | 3.13% | 13.93% |
Benchmark Metrics
TIAA-CREF Lifecycle 2040 Fund has an annualized alpha of -0.21%, beta of 0.85, and R2 of 0.95 versus S&P 500 Index. Calculated based on daily prices since October 07, 2004.
- This fund participated in 91.57% of S&P 500 Index downside but only 85.50% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.21%
- Beta
- 0.85
- R²
- 0.95
- Upside Capture
- 85.50%
- Downside Capture
- 91.57%
Expense Ratio
TCLOX has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TCLOX ranks 53 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for TIAA-CREF Lifecycle 2040 Fund (TCLOX) and compare them to S&P 500 Index.
| TCLOX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.16 | 2.24 | -0.08 |
Sortino ratioReturn per unit of downside risk | 3.06 | 3.07 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.93 | -0.26 |
Martin ratioReturn relative to average drawdown | 11.64 | 13.52 | -1.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
TIAA-CREF Lifecycle 2040 Fund provided a 4.56% dividend yield over the last twelve months, with an annual payout of $0.96 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.96 | $0.96 | $0.43 | $0.22 | $0.79 | $1.44 | $0.92 | $0.58 | $0.90 | $0.42 | $0.67 | $0.72 |
Dividend yield | 4.56% | 4.93% | 2.49% | 1.37% | 5.82% | 8.32% | 5.54% | 3.87% | 7.20% | 2.84% | 5.28% | 5.77% |
Monthly Dividends
The table displays the monthly dividend distributions for TIAA-CREF Lifecycle 2040 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.96 | $0.96 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 | $0.79 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.44 | $1.44 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the TIAA-CREF Lifecycle 2040 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the TIAA-CREF Lifecycle 2040 Fund was 53.88%, occurring on Mar 9, 2009. Recovery took 962 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -53.88%Mar 2009 | 1y 4mo | 3y 10mo | 5y 2moNov 2007 - Jan 2013 |
COVID crash2020 | -30.12%Mar 2020 | 1mo 2d | 4mo 22d | 5mo 24dFeb 2020 - Aug 2020 |
Bear market2022 | -24.27%Oct 2022 | 11mo 9d | 1y 4mo | 2y 3moNov 2021 - Feb 2024 |
2016 correction2016 | -18.89%Feb 2016 | 7mo 22d | 10mo 28d | 1y 6moJun 2015 - Jan 2017 |
Rate-hike selloffLate 2018 | -18.75%Dec 2018 | 10mo 29d | 7mo 2d | 1y 5moJan 2018 - Jul 2019 |
Drawdown Indicators
| TCLOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.88% | -56.78% | +2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -9.10% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -13.40% | -18.90% | +5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -24.27% | -25.43% | +1.16% |
Max Drawdown (10Y)Largest decline over 10 years | -30.12% | -33.92% | +3.80% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -10.72% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.97% | -0.13% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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