*Any guarantees are backed by the claims-paying ability of the issuing company.
Past performance is no guarantee of future results. Guarantees of fixed monthly
payments are only associated with fixed annuities.
**The ability to annuitize is subject to plan rules. Converting/Exchanging some
or all of your savings to income benefits (referred to as "annuitization") is a
permanent decision. Once income benefit payments have begun, you are unable to
change to another option.
There is no guarantee that an investment in a target date fund will provide
adequate retirement income at or through retirement and investors can lose money
at any stage of investment, even near or after the target date.
Asset allocation and diversification do not ensure a profit or protect against
a loss. Be sure to see the relevant prospectus or offering document for full
discussion of a target date investment option including determination of when
the portfolio achieves its most conservative allocation.
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 professional or
Nuveen at 800.257.8787 or visit
nuveen.com
This material, along with any views and opinions expressed within, are presented
for informational and educational purposes only as of the date of
production/writing and may change without notice at any time based on numerous
factors, such as changing market, economic, political, or other conditions, legal
and regulatory developments, additional risks and uncertainties and may not come
to pass. There is no promise, representation, or warranty (express or implied) as
to the past, future, or current accuracy, reliability or completeness of, nor
liability for, decisions based on such information, and it should not be relied on
as such. This material should not be regarded by the recipients as a substitute
for the exercise of their own judgment. It is important to review your investment
objectives, risk tolerance and liquidity needs before choosing an investment style
or manager.
This material 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 their financial advisors. Financial professionals should
independently evaluate the risks associated with products or services and exercise
independent judgment with respect to their clients.
This material does not constitute a solicitation of an offer to buy, or an offer
to sell securities in any jurisdiction in which such solicitation is unlawful or
to any person to whom it is unlawful to make such an offer. Moreover, it neither
constitutes an offer to enter into an investment agreement with the recipient of
this document nor an invitation to respond to it by making an offer to enter into
an investment agreement.
This material may contain "forward-looking" information that is not purely
historical in nature. Such information may include, among other things,
projections, forecasts, estimates of yields and/or market returns, and proposed
or expected portfolio composition. Moreover, certain historical performance
information of other investment vehicles or composite accounts managed by Nuveen
may be included in this material and such performance information is presented by
way of example only. No representation is made that the performance presented
will be achieved, or that every assumption made in achieving, calculating or
presenting either the forward-looking information or the historical performance
information herein has been considered or stated in preparing this material.
Economic and market forecasts are subject to uncertainty and may change based on
varying market conditions, political and economic developments. Any changes to
assumptions that may have been made in preparing this material could have a
material impact on any of the data and/or information presented herein by way
of example.
Important information on risk
Past performance is no guarantee of future results. All investments carry a
certain degree of risk, including the possible loss of principal, and there is
no assurance that an investment will provide positive performance over any period
of time. Certain products and services may not be available to all entities or
persons. There is no guarantee that investment objectives will be achieved. See
the applicable product literature for details.
Investors should be aware that alternative investments are speculative, subject
to substantial risks including the risks associated with limited liquidity, the
potential use of leverage, potential short sales, currency exchange rates, and
concentrated investments and may involve complex tax structures and investment
strategies. Alternative investments may be illiquid, there may be no liquid
secondary market or ready purchasers for such securities, they may not be required
to provide periodic pricing or valuation information to investors, there may be
delays in distributing tax information to investors, they are not subject to the
same regulatory requirements as other types of pooled investment vehicles, and
they may be subject to high fees and expenses, which will reduce profits.
Target Date Funds: The principal value of the fund(s) is not guaranteed at
any time, including at the target-date. The value of a target date fund will
fluctuate and investors may lose money. There is no guarantee the Funds' investment
objectives will be achieved. For example, it 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 fund underperforming other similar funds.
The target date is an approximate date when investors may begin withdrawing from
the Funds. Target-date funds are actively managed, so the asset allocation is
subject to change and may vary from that shown. Also, once the target date has
been reached, the Funds may be merged into another with the same asset allocation
or possibly another with a more stable asset allocation. For Index Funds, a
portfolio that tracks an index is subject to the risk that it may not fully track
its index closely due to security selection and may underperform when factoring in
fees, expenses, transaction costs, and the size and timing of shareholder purchases
and redemptions. Target date funds are typically fund of funds subject to the risks
of their underlying funds in proportion to each Funds' allocation. These risks may
include those of fixed-income underlying funds risks, such as market risk, credit
risk, interest rate/duration risk, call risk, tax risk, political risk, economic
risk, and income risk. Typically the value of, and income generated by, fixed income
investments will decrease or increase based on changes in market interest rates. As
interest rates rise, bond prices fall and as interest rates fall, bond prices rise.
The Funds' income could decline during periods of falling interest rates. Income is
only one component of performance and investors should consider all of the risk
factors for an asset class before investing. Credit risk refers to an issuer's
ability to make interest and principal payments when due, as well as the prices of
bonds declining when an issuer's credit quality is expected to deteriorate. Equity
underlying funds risks are subject to market risk or the risk that stocks will
decline in response to such factors as adverse company news or industry developments
or a general economic decline. Non-U.S. investments involve risks such as currency
fluctuation, political and economic instability, lack of liquidity and differing
legal and accounting standards.
Real estate-related assets are less developed, more illiquid, and less transparent
compared to traditional asset classes. Real estate investments are subject to
various risks, including but not limited to, fluctuations in property values, higher
expenses or lower income than expected, changes in economic conditions, currency
values, environmental problems and liability, the cost of and ability to obtain
insurance, and risks related to leasing of properties.
Private credit/debt investments, like alternative investments are not suitable for
all investors given they are speculative, subject to substantial risks including the
risks associated with credit risk, interest rate risk, currency risk, prepayment and
extension risk, inflation risk, and risk of capital loss, limited liquidity, the
potential use of leverage, potential short sales, concentrated investments and may
involve complex tax structures and investment strategies. Credit risk refers to an
issuer's ability to make interest and principal payments when due, as well as the
prices of loans declining when an issuer's credit quality is expected to deteriorate.
Adjustable-Rate Senior Loans may not be fully secured by collateral, generally
do not trade on exchanges, and are typically issued by unrated or below-investment
grade companies and therefore are subject to greater liquidity and credit risk.
Lower credit debt securities may be more likely to fail to make timely interest or
principal payments. Rates on senior loans typically adjust with changes in prevailing
short-term interest rates; therefore, when short-term rates rise, senior loan rates
will rise and when short-term rates decline, senior loan rates will decline.
Real Assets are less developed, more illiquid, and less transparent compared
to traditional asset classes. Real asset investments are subject to various risks
generally associated with the ownership of real estate-related assets and foreign
investing, including but not limited to, fluctuations in property values, higher
expenses or lower income than expected, changes in economic conditions, currency
values, environmental problems and liability, the cost of and ability to obtain
insurance, and risks related to leasing of properties.
In addition to traditional equity risks like market risk or the risk that company
values will decline in response to such factors as adverse company news, industry
developments or a general economic decline, private equity investments involve
significant risks specific to the asset class, including illiquidity, long investment
horizons, capital call obligations, uncertain valuations, leverage/financing risk,
and dependence on successful exits. Private equity investments are not publicly
traded, making them difficult to value and sell.
The information contained is about the Nuveen target date strategies overall and
also contains information about the Nuveen Lifecycle Income Index Collective
Investment Trust Series described later on this presentation (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.
SEI Trust Company (the "Trustee") serves as the Trustee of the Nuveen Lifecycle
Income CIT Series (the "Funds") and maintains ultimate fiduciary authority over
the management of, and the investments made, in the Funds. The Funds are not mutual
funds. The Funds are 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 Trust is managed by the Trustee based on the investment advice of Nuveen Fund
Advisors, LLC, the investment adviser to the trust.
The Trust is a trust for the collective investment of assets of participating tax
qualified pension and profit-sharing plans and related trusts, and governmental
plans as more fully described in the Declaration of Trust. As a bank collective
trust, the Trust is exempt from registration as an investment company.
Investing involves risk; principal loss is possible. There is no guarantee the
Funds investment objectives will be achieved. The participant's conversion of some
or all of their fixed annuity allocation to lifetime income benefits (i.e.,
annuitization) is a permanent decision, and once payments have begun, participants
are unable to change to another option. TIAA may offer so-called "additional
amounts" or "Loyalty Bonuses." The availability and amount of any additional amounts
or Loyalty Bonuses is within the discretion of TIAA, they are determined annually
and are not guaranteed other than for the period for which they are declared.
Certain amounts or bonuses are only available when electing lifetime income, these
amounts or bonuses are also discretionary and determined annually, and their amounts
can vary depending on history of contributions to the fund. The terms of TIAA's
Secure Income Account (SIA) specifically require that the SIA allocation generally
cannot be rebalanced downward. So, if due to financial market movements or other
forces, the SIA is overweighted versus target allocation, amounts generally cannot
be removed from the SIA to correct the overweighting. Instead, the overweighting
generally must be corrected through new cashflows into the fund. This represents a
potential opportunity cost (because it may foreclose the ability to invest in higher
earning equity investments for a period of time) and could thus impact performance
of the fund over time. The performance of the fixed annuity component of the fund
may be benchmarked against a bond index.
There are substantial differences between fixed annuities and the bond index,
including differing investment objectives, costs and expenses, liquidity, safety,
guarantees or insurance, and fluctuation of principal or return.
A plan fiduciary should consider the Funds' objectives, risks, and expenses before
investing. This and other information can be found in the Declaration of Trust and
the Funds' Disclosure Memorandum. The Fund 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.
TIAA Secure Income Account is a fixed annuity product issued through this contract
by Teachers Insurance and Annuity Association of America (TIAA), 730 Third Avenue,
New York, NY, 10017: Form series including but not limited to: TIAA-UQDIA-002-K,
TIAA-STDFA-001-NUV and related state specific versions. Not all contracts are
available in all states or currently issued.
The TIAA Secure Income Account is approved for issuance in 52 of 53 U.S. insurance
jurisdictions. It is not approved to be issued to New York-domiciled contract
holders. Annuity contracts may contain terms for keeping them in force. We can
provide you with costs and complete details.
The TIAA Secure Income Account is a guaranteed insurance contract and not an
investment for federal securities law purposes. Any guarantees under annuities
issued by TIAA are subject to TIAA's claims-paying ability. Past performance is no
guarantee of future results. Guarantees of fixed monthly payments are only
associated with fixed annuities.
©2025 Teachers Insurance and Annuity Association of America-College
Retirement Equities Fund, 730 Third Avenue, New York, NY 10017
Nuveen, LLC provides investment solutions through its investment specialists.
Nuveen and Economist Impact, or any of their affiliates or subsidiaries are not
affiliated with or in any way related to each other. The research was independently
developed by Economist Impact and is sponsored by Nuveen, LLC. This material is
prepared by and represents the views of Economist Impact, and does not necessarily
represent the views of Nuveen, its affiliates, or other Nuveen staff.
