- ISIN
- US8863155896
- Issuer
- TIAA Investments
- Inception Date
- Nov 29, 2007
- Category
- Target Retirement Date
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
TTFIX Performance Chart
TIAA-CREF Lifecycle 2045 Fund (TTFIX) is up 9.2% since the beginning of the year. TTFIX is currently trading at $17 per share. Investors who bought $1,000 worth of TTFIX shares 5 years ago would now be looking at an investment worth $1,520.
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Returns By Period
TIAA-CREF Lifecycle 2045 Fund (TTFIX) has returned 9.15% so far this year and 23.40% over the past 12 months. Over the last ten years, TTFIX has returned 11.00% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
TIAA-CREF Lifecycle 2045 Fund
- 1D
- 0.54%
- 1M
- 4.28%
- YTD
- 9.15%
- 6M
- 9.81%
- 1Y
- 23.40%
- 3Y*
- 17.18%
- 5Y*
- 8.73%
- 10Y*
- 11.00%
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%
TTFIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 3, 2007, TTFIX's average daily return is +0.04%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +11.1%, while the worst month was Oct 2008 at -18.1%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, TTFIX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +10.6%, while the worst single day was Mar 16, 2020 at -10.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.40% | 1.20% | -5.89% | 7.78% | 2.96% | 0.84% | 9.15% | ||||||
| 2025 | 2.91% | -0.55% | -3.75% | 0.36% | 4.96% | 4.18% | 0.72% | 2.61% | 2.86% | 1.98% | 0.30% | 0.54% | 18.19% |
| 2024 | 0.47% | 4.19% | 3.05% | -3.54% | 3.82% | 1.95% | 1.49% | 1.88% | 1.30% | -1.82% | 3.37% | -2.78% | 13.81% |
| 2023 | 6.28% | -2.57% | 2.37% | 1.20% | -0.76% | 5.39% | 3.17% | -2.52% | -3.95% | -2.35% | 7.75% | 4.77% | 19.47% |
| 2022 | -5.04% | -2.84% | 1.35% | -7.24% | 0.40% | -7.85% | 6.71% | -3.31% | -8.34% | 6.28% | 6.76% | -4.06% | -17.38% |
| 2021 | -0.64% | 3.14% | 2.15% | 4.20% | 1.30% | 1.35% | 0.57% | 2.08% | -3.95% | 4.43% | -2.95% | 3.49% | 15.83% |
Benchmark Metrics
TIAA-CREF Lifecycle 2045 Fund has an annualized alpha of -0.65%, beta of 0.88, and R2 of 0.96 versus S&P 500 Index. Calculated based on daily prices since December 04, 2007.
- This fund participated in 95.83% of S&P 500 Index downside but only 88.77% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.88 and R2 of 0.96, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.65%
- Beta
- 0.88
- R²
- 0.96
- Upside Capture
- 88.77%
- Downside Capture
- 95.83%
Expense Ratio
TTFIX has an expense ratio of 0.23%, which is considered low.
Return for Risk
Risk / Return Rank
TTFIX ranks 54 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 2045 Fund (TTFIX) and compare them to S&P 500 Index.
| TTFIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.17 | 2.24 | -0.07 |
Sortino ratioReturn per unit of downside risk | 3.04 | 3.07 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.70 | 2.93 | -0.23 |
Martin ratioReturn relative to average drawdown | 11.81 | 13.52 | -1.71 |
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 2045 Fund provided a 7.17% dividend yield over the last twelve months, with an annual payout of $1.21 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 | $1.21 | $1.21 | $0.56 | $0.27 | $0.99 | $1.80 | $1.06 | $0.74 | $0.59 | $0.11 | $0.43 | $0.37 |
Dividend yield | 7.17% | 7.82% | 3.97% | 2.13% | 9.04% | 12.44% | 7.49% | 5.70% | 5.45% | 0.84% | 4.01% | 3.66% |
Monthly Dividends
The table displays the monthly dividend distributions for TIAA-CREF Lifecycle 2045 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 | $1.21 | $1.21 |
| 2024 | $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 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.99 | $0.99 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.80 | $1.80 |
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 2045 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 2045 Fund was 53.24%, occurring on Mar 9, 2009. Recovery took 889 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -53.24%Mar 2009 | 1y 2mo | 3y 6mo | 4y 9moDec 2007 - Sep 2012 |
COVID crash2020 | -32.21%Mar 2020 | 1mo 2d | 4mo 22d | 5mo 24dFeb 2020 - Aug 2020 |
Bear market2022 | -25.25%Sep 2022 | 10mo 25d | 1y 4mo | 2y 3moNov 2021 - Feb 2024 |
Rate-hike selloffLate 2018 | -19.79%Dec 2018 | 10mo 29d | 7mo 2d | 1y 5moJan 2018 - Jul 2019 |
2016 correction2016 | -19.40%Feb 2016 | 7mo 22d | 10mo 6d | 1y 5moJun 2015 - Dec 2016 |
Drawdown Indicators
| TTFIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.24% | -56.78% | +3.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.84% | -9.10% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -14.79% | -18.90% | +4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -25.25% | -25.43% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -32.21% | -33.92% | +1.71% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -10.72% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.97% | +0.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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