- ISIN
- US87245M7645
- Issuer
- TIAA Investments
- Inception Date
- Sep 29, 2009
- Category
- Target Retirement Date
- Min. Investment
- $10,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
TLZIX Performance Chart
TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) is up 10.0% since the beginning of the year. TLZIX is currently trading at $37 per share. Investors who bought $1,000 worth of TLZIX shares 5 years ago would now be looking at an investment worth $1,563.
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Returns By Period
TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) has returned 9.97% so far this year and 23.81% over the past 12 months. Over the last ten years, TLZIX has returned 11.16% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
TIAA-CREF Lifecycle Index 2040 Fund
- 1D
- 1.04%
- 1M
- 1.66%
- YTD
- 9.97%
- 6M
- 9.80%
- 1Y
- 23.81%
- 3Y*
- 16.44%
- 5Y*
- 9.35%
- 10Y*
- 11.16%
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%
TLZIX Monthly Returns History
Based on dividend-adjusted daily data since Oct 1, 2009, TLZIX's average daily return is +0.04%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 69% of months were positive and 31% were negative. The best month was Nov 2020 with a return of +10.3%, while the worst month was Mar 2020 at -11.7%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, TLZIX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +7.1%, while the worst single day was Mar 16, 2020 at -9.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.51% | 1.46% | -5.25% | 7.33% | 3.72% | 0.24% | 9.97% | ||||||
| 2025 | 2.80% | 0.13% | -2.89% | 0.55% | 4.25% | 3.98% | 0.72% | 2.49% | 3.01% | 1.71% | 0.23% | 0.64% | 18.86% |
| 2024 | 0.04% | 3.52% | 2.67% | -3.42% | 3.94% | 1.63% | 2.06% | 2.15% | 1.97% | -2.30% | 3.39% | -2.56% | 13.52% |
| 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 | -4.22% | -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% | 3.01% | 14.86% |
Benchmark Metrics
TIAA-CREF Lifecycle Index 2040 Fund has an annualized alpha of 0.40%, beta of 0.80, and R2 of 0.95 versus S&P 500 Index. Calculated based on daily prices since October 01, 2009.
- This fund participated in 86.87% of S&P 500 Index downside but only 82.01% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.40%
- Beta
- 0.80
- R²
- 0.95
- Upside Capture
- 82.01%
- Downside Capture
- 86.87%
Expense Ratio
TLZIX has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
TLZIX ranks 69 for risk / return — better than 69% 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 Index 2040 Fund (TLZIX) 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.
| TLZIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 2.78 | +0.26 |
| Martin ratioReturn relative to average drawdown | 13.18 | 12.44 | +0.74 |
Dividends
Dividend History
TIAA-CREF Lifecycle Index 2040 Fund provided a 3.47% dividend yield over the last twelve months, with an annual payout of $1.28 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 | $1.28 | $1.28 | $0.73 | $0.56 | $0.60 | $0.82 | $0.49 | $0.50 | $0.48 | $0.03 | $0.44 | $0.05 |
Dividend yield | 3.47% | 3.82% | 2.49% | 2.11% | 2.62% | 2.93% | 1.95% | 2.26% | 2.68% | 0.18% | 2.64% | 0.31% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $1.28 | $1.28 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.73 | $0.73 |
| 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 | $0.60 | $0.60 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $0.82 |
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 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 0.38%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -28.82%Mar 2020 | 1mo 2d | 4mo 16d | 5mo 18dFeb 2020 - Aug 2020 |
Bear market2022 | -24.21%Oct 2022 | 11mo 9d | 1y 3mo | 2y 3moNov 2021 - Feb 2024 |
2011 correction2011 | -19.40%Oct 2011 | 5mo 4d | 5mo 12d | 10mo 16dMay 2011 - Mar 2012 |
2016 correction2016 | -17.72%Feb 2016 | 8mo 25d | 10mo | 1y 6moMay 2015 - Dec 2016 |
Rate-hike selloffLate 2018 | -15.73%Dec 2018 | 10mo 29d | 3mo 19d | 1y 2moJan 2018 - Apr 2019 |
Drawdown Indicators
| TLZIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.82% | -56.78% | +27.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.77% | -9.10% | +1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -12.92% | -18.90% | +5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -24.21% | -25.43% | +1.22% |
Max Drawdown (10Y)Largest decline over 10 years | -28.82% | -33.92% | +5.10% |
Current DrawdownCurrent decline from peak | -0.38% | -1.80% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -10.71% | +6.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 2.03% | -0.24% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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