TIAA-CREF Lifecycle Index 2040 Fund (TLZIX)
The fund is a "fund of funds" that invests in Class W shares of other funds of the Trust and potentially in other investment pools or investment products. It has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in underlying funds that are managed to seek investment returns that track particular market indices. Advisors currently expects to allocate approximately 80.40% of the fund's assets to equity underlying funds and 19.60% of its assets to fixed-income underlying funds.
Fund Info
| ISIN | US87245M7645 |
|---|---|
| Issuer | TIAA Investments |
| Inception Date | Sep 29, 2009 |
| Category | Target Retirement Date |
| Min. Investment | $10,000,000 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
TLZIX has an expense ratio of 0.10%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: TLZIX vs. TLYIX, TLZIX vs. VIIIX, TLZIX vs. VFORX, TLZIX vs. vtsax, TLZIX vs. FXAIX, TLZIX vs. vtivx, TLZIX vs. TLXIX, TLZIX vs. FBIFX, TLZIX vs. TRRDX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in TIAA-CREF Lifecycle Index 2040 Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
TIAA-CREF Lifecycle Index 2040 Fund had a return of 14.16% year-to-date (YTD) and 24.61% in the last 12 months. Over the past 10 years, TIAA-CREF Lifecycle Index 2040 Fund had an annualized return of 8.74%, while the S&P 500 had an annualized return of 11.33%, indicating that TIAA-CREF Lifecycle Index 2040 Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 14.16% | 24.30% |
| 1 month | -0.03% | 4.09% |
| 6 months | 8.22% | 14.29% |
| 1 year | 24.61% | 35.42% |
| 5 years (annualized) | 9.44% | 13.95% |
| 10 years (annualized) | 8.74% | 11.33% |
Monthly Returns
The table below presents the monthly returns of TLZIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.04% | 3.52% | 2.67% | -3.42% | 3.94% | 1.63% | 2.06% | 2.15% | 1.97% | -2.30% | 14.16% | ||
| 2023 | 6.75% | -2.93% | 2.77% | 1.16% | -0.94% | 4.75% | 2.92% | -2.49% | -3.89% | -2.62% | 8.11% | 4.83% | 18.98% |
| 2022 | -4.23% | -2.50% | 0.81% | -7.11% | 0.53% | -6.80% | 6.21% | -3.66% | -8.42% | 4.99% | 7.55% | -3.89% | -16.69% |
| 2021 | -0.36% | 1.96% | 2.08% | 3.66% | 1.00% | 1.43% | 0.76% | 1.94% | -3.53% | 4.21% | -1.97% | 3.02% | 14.86% |
| 2020 | -0.55% | -6.04% | -11.74% | 9.72% | 4.23% | 2.51% | 4.52% | 4.96% | -2.58% | -1.85% | 10.28% | 3.96% | 16.26% |
| 2019 | 7.04% | 2.43% | 1.42% | 3.04% | -4.93% | 5.80% | 0.38% | -1.39% | 1.60% | 2.15% | 2.43% | 2.67% | 24.52% |
| 2018 | 4.60% | -3.68% | -1.31% | 0.36% | 1.11% | -0.10% | 2.66% | 1.56% | 0.10% | -6.49% | 1.59% | -6.34% | -6.39% |
| 2017 | 2.21% | 2.74% | 0.85% | 1.41% | 1.61% | 0.60% | 2.12% | 0.43% | 1.85% | 1.87% | 1.94% | 1.10% | 20.39% |
| 2016 | -4.88% | -0.67% | 6.64% | 0.94% | 0.81% | 0.12% | 3.64% | 0.42% | 0.47% | -1.95% | 1.81% | 1.73% | 9.01% |
| 2015 | -1.29% | 4.97% | -1.01% | 1.56% | 0.59% | -1.93% | 1.01% | -5.85% | -2.82% | 6.72% | -0.12% | -1.90% | -0.70% |
| 2014 | -3.20% | 4.50% | 0.38% | 0.50% | 2.01% | 1.91% | -1.75% | 3.01% | -2.68% | 1.78% | 1.63% | -1.13% | 6.85% |
| 2013 | 4.30% | 0.68% | 2.75% | 2.10% | 0.71% | -1.76% | 4.66% | -2.26% | 4.35% | 3.70% | 1.81% | 1.93% | 25.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TLZIX is 65, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
TIAA-CREF Lifecycle Index 2040 Fund provided a 1.85% dividend yield over the last twelve months, with an annual payout of $0.56 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.56 | $0.47 | $0.53 | $0.41 | $0.47 | $0.43 | $0.38 | $0.35 | $0.35 | $0.36 | $0.30 |
Dividend yield | 1.85% | 2.11% | 2.06% | 1.88% | 1.64% | 2.14% | 2.40% | 1.92% | 2.09% | 2.19% | 2.21% | 1.92% |
Monthly Dividends
The table displays the monthly dividend distributions for TIAA-CREF Lifecycle Index 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.56 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.53 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 2018 | $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 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2013 | $0.30 | $0.30 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the TIAA-CREF Lifecycle Index 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 Index 2040 Fund was 28.82%, occurring on Mar 23, 2020. Recovery took 95 trading sessions.
The current TIAA-CREF Lifecycle Index 2040 Fund drawdown is 1.37%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.82% | Feb 20, 2020 | 23 | Mar 23, 2020 | 95 | Aug 6, 2020 | 118 |
| -24.21% | Nov 9, 2021 | 235 | Oct 14, 2022 | 329 | Feb 7, 2024 | 564 |
| -19.4% | May 2, 2011 | 108 | Oct 3, 2011 | 111 | Mar 13, 2012 | 219 |
| -15.91% | May 22, 2015 | 183 | Feb 11, 2016 | 124 | Aug 9, 2016 | 307 |
| -15.73% | Jan 29, 2018 | 229 | Dec 24, 2018 | 75 | Apr 12, 2019 | 304 |
Volatility
Volatility Chart
The current TIAA-CREF Lifecycle Index 2040 Fund volatility is 2.38%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.