Chart reflects rankings for target date funds over the 10 yr period based on information available from Morningstar for the target–date fund category as of 31 Mar 2021. TIAA-CREF Lifecycle Index funds are compared to the top three providers of passive target-date funds, determined by total assets under management.
In 4Q19, Morningstar changed TIAA-CREF Lifecycle Index Retirement Income’s peer group to US Fund Allocation –30% to 50% Equity from US Fund Target-Date Retirement. This change was due to TIAA’s glidepath extension from 10 years post-retirement to 30 years post-retirement, as funds in the Lifecycle series no longer merge into the TIAA-CREF Lifecycle Index Retirement Income fund. Competitors’ Retirement funds in the chart above remain in the Morningstar US Fund Target-Date Retirement category. As such, the number of peers in the US Fund Target-Date Retirement universe as of 31 Mar 2021 was 139 (3-yr), 116 (5 yr), and 75 (10-yr).
Is it time to review your options with an objective, unbiased analysis?
Target-date comparison analysis can be a valuable tool in selecting and monitoring funds. However, not all target-date analyzers are created equal. The Department of Labor emphasizes the need for an objective process to evaluate investment options and Nuveen can help:
- Run a customized target-date analysis from a leading 3rd party industry tool, TDF Radar.
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Report available to financial professionals only.
TIAA-CREF Lifecycle Funds provide an outcome-oriented approach designed to help build sufficient savings and income through retirement.