- ISIN
- US87244W4336
- 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
TCLTX Performance Chart
TIAA-CREF Lifecycle 2020 Fund (TCLTX) is up 5.0% since the beginning of the year. TCLTX is currently trading at $15 per share. Investors who bought $1,000 worth of TCLTX shares 5 years ago would now be looking at an investment worth $1,267.
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Returns By Period
TIAA-CREF Lifecycle 2020 Fund (TCLTX) has returned 5.00% so far this year and 13.58% over the past 12 months. Over the last ten years, TCLTX has returned 6.83% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
TIAA-CREF Lifecycle 2020 Fund
- 1D
- 0.61%
- 1M
- 1.36%
- YTD
- 5.00%
- 6M
- 5.07%
- 1Y
- 13.58%
- 3Y*
- 10.09%
- 5Y*
- 4.85%
- 10Y*
- 6.83%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TCLTX Monthly Returns History
Based on dividend-adjusted daily data since Oct 6, 2004, TCLTX's average daily return is +0.03%, while the average monthly return is +0.51%. At this rate, an investment would double in approximately 11.4 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2009 with a return of +8.1%, while the worst month was Oct 2008 at -14.0%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, TCLTX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +7.9%, while the worst single day was Oct 15, 2008 at -6.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.34% | 1.04% | -3.51% | 4.21% | 1.57% | 0.40% | 5.00% | ||||||
| 2025 | 1.74% | 0.59% | -1.77% | 0.23% | 2.25% | 2.64% | 0.36% | 1.78% | 1.82% | 1.24% | 0.34% | 0.34% | 12.09% |
| 2024 | 0.32% | 1.58% | 1.94% | -2.59% | 2.58% | 1.30% | 1.66% | 1.48% | 1.31% | -1.73% | 2.05% | -1.85% | 8.17% |
| 2023 | 4.31% | -2.23% | 2.03% | 0.75% | -0.82% | 2.57% | 1.70% | -1.51% | -2.83% | -1.66% | 5.41% | 3.80% | 11.68% |
| 2022 | -3.32% | -1.97% | -0.22% | -4.93% | 0.24% | -4.94% | 4.46% | -2.53% | -6.00% | 2.67% | 4.70% | -2.14% | -13.76% |
| 2021 | -0.43% | 1.14% | 0.78% | 2.59% | 0.89% | 0.95% | 0.74% | 1.06% | -2.30% | 2.22% | -1.52% | 1.89% | 8.19% |
Benchmark Metrics
TIAA-CREF Lifecycle 2020 Fund has an annualized alpha of 0.41%, beta of 0.56, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since October 06, 2004.
- This fund participated in 65.55% of S&P 500 Index downside but only 57.56% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.56 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.41%
- Beta
- 0.56
- R²
- 0.90
- Upside Capture
- 57.56%
- Downside Capture
- 65.55%
Expense Ratio
TCLTX has an expense ratio of 0.52%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TCLTX ranks 65 for risk / return — better than 65% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for TIAA-CREF Lifecycle 2020 Fund (TCLTX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TCLTX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.78 | -0.07 |
| Martin ratioReturn relative to average drawdown | 11.81 | 12.44 | -0.63 |
Dividends
Dividend History
TIAA-CREF Lifecycle 2020 Fund provided a 4.27% dividend yield over the last twelve months, with an annual payout of $0.64 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 | $0.64 | $0.64 | $0.44 | $0.30 | $0.62 | $1.06 | $0.69 | $0.44 | $0.76 | $0.32 | $0.60 | $0.54 |
Dividend yield | 4.27% | 4.49% | 3.33% | 2.38% | 5.36% | 7.49% | 4.91% | 3.36% | 6.53% | 2.44% | 5.09% | 4.63% |
Monthly Dividends
The table displays the monthly dividend distributions for TIAA-CREF Lifecycle 2020 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 | $0.64 | $0.64 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.62 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.06 | $1.06 |
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 2020 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 2020 Fund was 44.15%, occurring on Mar 9, 2009. Recovery took 539 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -44.15%Mar 2009 | 1y 4mo | 2y 1mo | 3y 5moNov 2007 - Apr 2011 |
COVID crash2020 | -20.39%Mar 2020 | 1mo 2d | 4mo 1d | 5mo 3dFeb 2020 - Jul 2020 |
Bear market2022 | -18.99%Oct 2022 | 11mo 9d | 1y 7mo | 2y 6moNov 2021 - Jun 2024 |
2011 correction2011 | -14.77%Oct 2011 | 5mo 4d | 4mo 16d | 9mo 20dMay 2011 - Feb 2012 |
2016 correction2016 | -13.16%Feb 2016 | 9mo 20d | 6mo 29d | 1y 4moApr 2015 - Sep 2016 |
Drawdown Indicators
| TCLTX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.15% | -56.78% | +12.63% |
Max Drawdown (1Y)Largest decline over 1 year | -5.01% | -9.10% | +4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -6.99% | -18.90% | +11.91% |
Max Drawdown (5Y)Largest decline over 5 years | -18.99% | -25.43% | +6.44% |
Max Drawdown (10Y)Largest decline over 10 years | -20.39% | -33.92% | +13.53% |
Current DrawdownCurrent decline from peak | -0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -10.71% | +5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 2.03% | -0.88% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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