Nuveen's target-date funds receive multiple 2018 Thompson Reuters Lipper awards

lipper award ceremony
Highlights
  • TIAA-CREF lifecycle funds and TIAA-CREF lifecycle index funds recognized 3 years in a row
  • 6 individual funds win awards

 


 

 

Best Fund Awards

Reflecting the breadth and expertise of Nuveen, these funds received Thomson Reuters Lipper Best Fund Awards for Class I Shares over the 3-, 5- or 10-year periods ending November 30, 2017.

For delivering consistently strong, risk-adjusted performance, these funds were honored as Best Fund among their respective categories over the 3-, 5-, or 10-year periods ending 30 Nov 2017.

The Lipper Large Fund and the Mixed-Assets Large Fund Awards are given to the group with the lowest average decile ranking of three years' Consistent Return for eligible funds over the three-year period with at least five equity, five bond, or three mixed-asset portfolios. Note these awards pertain to mutual funds within the TIAA-CREF group of mutual funds; other funds distributed by Nuveen Securities were not included. From Thomson Reuters Lipper Awards, © 2018 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. Past performance does not guarantee future results. Certain funds may have fee waivers in effect.
The calculation periods extend over 36, 60, and 120 months. The highest Thomson Reuters Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or ten years.

Consider TIAA-CREF Lifecycle funds and TIAA-CREF Lifecycle Index funds

Strong performance
100% of both the Active Series (75% 5-Star; 25% 4-Star) and Index Series (75% 5-Star; 25% 4-Star) received a 4- or 5- Star Overall Morningstar Rating based on risk-adjusted returns as of 12/31/171

Competitive fees
Expenses are in the bottom quartile vs peers as of 12/31/172

Outcome-oriented approach
Leverages decades of experience managing retirement assets while supporting the growing life expectancy of the U.S. population

Rigorous risk management
Seeks to balance market, inflation and longevity risk to prepare for a potentially longer retirement

Asset allocation expertise
More than 60 years of experience managing asset allocation portfolios

Resources

We offer both an Active and Index Series in funds ranging from 2010 to 2060 in five-year increments.

Next Steps

For more information on TIAA-CREF Lifecycle Funds or TIAA-CREF Lifecycle Index Funds:

Financial Advisors: Call 888-842-5433
Investors: Contact your financial advisor

Related insights

Target Date/Lifecycle

TIAA-CREF Lifecycle Funds: Overview and resources

Real Assets

Insights & Advice from Nuveen’s Retirement Outcomes Leadership Council
Weekly investment commentary U.S. stocks retreat amid trade and global growth concerns
Sources
1. Morningstar Direct, Data as of December 31, 2017. TIAA-CREF Lifecycle Funds 75% are 5 Stars and 25% 4 Stars. TIAA-CREF Lifecycle Index Funds 75% 5 Stars and 25% 4 Stars. Morningstar ratings are based on risk-adjusted returns. Morningstar ratings based on the lowest cost share class for each mutual fund, based on U.S. open end mutual funds. For a fund with multiple share classes and the same pricing, the share class with the longest performance history is used. Morningstar ratings may be higher or lower on a monthly basis. Morningstar is an independent service that rates mutual funds.
2. Morningstar Direct as of December 31, 2017. Data is based on the Institutional Share Class. Other share classes expenses will vary. TIAA-CREF Lifecycle Funds average expense ratio is 0.42% which is the bottom 17% vs. industry peers. TIAA-CREF Lifecycle Index Funds average expense ratio is 0.10% which is the bottom 3% vs. industry peers.

The Lipper Mixed-Assets Large Fund Award is given to the group with the lowest average decile ranking of three years' Consistent Return for eligible funds over the three-year period. Note this award pertains to mixed-assets mutual funds within the TIAA-CREF group of mutual funds; other funds distributed by Nuveen Securities were not included. From Thomson Reuters Lipper Awards, © 2018 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. Certain funds may have fee waivers in effect.

The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

© 2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Past performance is no guarantee of future results. The fund(s) may have experienced negative returns over the time periods rated.

Before investing, carefully consider fund investment objectives, risks, charges and expenses. For this and other information that should be read carefully, please request a prospectus or summary prospectus from your financial advisor or Nuveen at 800.257.8787.

Mutual fund investing involves risk; principal loss is possible. There is no guarantee that the Funds’ investment objectives will be achieved.

Not all products are available at all firms. Please check with your firm for availability. For current performance and rankings, please visit the Research and Performance section  www.tiaa.org  or nuveen.com/mutual-funds .

The Nuveen Family of Funds and the TIAA-CREF Funds are distinct fund families that comprise different investment products, each with its own features, terms and conditions, fee structures and risk factors. Please note, there are no exchange privileges between the two fund families.

The investment advisory services, strategies and expertise of TIAA Investments, a division of Nuveen, are provided by Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC. Securities offered through Nuveen Securities, LLC, member FINRA and SIPC.