Nuveen Lifecycle CIT Series

Effective 01 May 2024, the name of the Series changed from Nuveen TIAA Lifecycle CIT Series to Nuveen Lifecycle CIT. This change did not impact any of the underlying Funds' investment strategies or portfolio management.

The material contained on this webpage is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or investment strategy and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with his or her advisors.

The target date is the approximate date when investors plan to start withdrawing their money. The principal value of the CIT is not guaranteed at any time, including at the target date. After 30 years past when the target-date has been reached, the CIT may be merged into another target-date CIT with the same asset allocation. The unit value of the CIT will fluctuate, and investors may lose money. The CIT may not achieve its target allocations and even if it does, the asset allocations may not achieve the desired risk-return characteristics and may result in the CIT underperforming other similar funds.

Important information on risk

Investing involves risk; principal loss is possible. There is no guarantee the Nuveen Lifecycle CIT Series ("CIT") investment objectives will be achieved. The CIT is a fund of funds subject to the risks of its underlying funds in proportion to each CIT allocation. Underlying Funds invest primarily in stocks, bonds and real estate. Large cap stocks may grow more slowly than the overall market. Growth stocks and stocks issued by smaller companies are more volatile than other stocks. Bonds lose value when the issuer is unable to make interest and principal payments when due or otherwise faces a decline in its credit quality. They experience volatility when interest rates fluctuate. Rising interest rates can cause bond prices to fall. Declining interest rates can cause bond income to fall. Non-U.S. investments involve risks including currency fluctuation, political and economic instability, and lack of liquidity and differing legal and accounting standards. These risks are magnified in emerging markets. Real estate investment involves risks caused by economic downturns, reduced rents, property tax increases, and interest rate and tax laws changes.

As a complex bank product, CITs are exposed to operational, regulatory and reputational risks. CITs may not be suitable for all investors or all plan needs and may outperform certain sector products during times of market volatility but also may underperform certain sector products over certain periods of time. Diversification does not assure a profit or protect against loss. Allocations are subject to change.

The Nuveen Lifecycle CIT Series (part of the Nuveen/SEI Trust Company Investment Trust) are trusts for the collective investment of assets or participating tax qualified pension and profit sharing plans and related trusts, and governmental plans as more fully described in the Declaration of Trust. As bank collective trusts, Nuveen Lifecycle CIT Series are exempt from registration as an investment company. SEI Trust Company (the "Nuveen Lifecycle CIT Series") serves as the Trustee of the Fund and maintains ultimate fiduciary authority over the management of, and the investments made, in the Fund. The Fund is part of a Collective Investment Trust (the "Trust") operated by the Trustee. The Trustee is a trust company organized under the laws of the Commonwealth of Pennsylvania and wholly owned subsidiary of SEI Investments Company (SEI). The Nuveen Lifecycle CIT Series are managed by SEI Trust Company, the trustee, based on the investment advice of Nuveen Fund Advisors, LLC, the investment adviser to the trusts.

A plan and/or a fiduciary should consider the CIT objectives, risks, and expenses before investing. This and other information can be found in the Disclosure Memorandum. The CIT is not a mutual fund, and its units are not registered under the Securities Act of 1933, as amended, or the applicable securities laws of any state or other jurisdiction. Please refer to www.seitrustcompany.com for more information.

The information contained is about the Nuveen target date strategies overall and also contains information about the Nuveen Lifecycle CIT Series described on this material (Lifecycle CIT Series). Please note that the Lifecycle CIT Series is not a series of mutual funds and differs in many ways from the mutual funds using a similar strategy. Information about the mutual funds or management of the mutual funds should not be automatically applied to the CIT. The Lifecycle CIT series may be referred to as “Funds” in the following disclosures.

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