Continue to site >
Trending ETFs

TIAA-CREF Lifecycle Index 2030 Fund

mutual fund
TLHIX
Payout Change
Pending
Price as of:
$23.11 +0.02 +0.09%
primary theme
Target-Date 2030
TLHIX (Mutual Fund)

TIAA-CREF Lifecycle Index 2030 Fund

Payout Change
Pending
Price as of:
$23.11 +0.02 +0.09%
primary theme
Target-Date 2030
TLHIX (Mutual Fund)

TIAA-CREF Lifecycle Index 2030 Fund

Payout Change
Pending
Price as of:
$23.11 +0.02 +0.09%
primary theme
Target-Date 2030

Name

As of 02/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$23.11

$6.93 B

2.26%

$0.52

0.18%

Vitals

YTD Return

2.2%

1 yr return

14.8%

3 Yr Avg Return

3.3%

5 Yr Avg Return

7.5%

Net Assets

$6.93 B

Holdings in Top 10

99.9%

52 WEEK LOW AND HIGH

$23.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.18%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000,000

IRA

$10,000,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 02/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$23.11

$6.93 B

2.26%

$0.52

0.18%

TLHIX - Profile

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return 3.3%
  • 5 Yr Annualized Total Return 7.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.70%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    TIAA-CREF Lifecycle Index 2030 Fund
  • Fund Family Name
    TIAA-CREF FUNDS COMPLEX
  • Inception Date
    Sep 30, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Cunniff

Fund Description

The Fund is a “fund of funds” that invests in Class W shares of other funds of the Trust and potentially in other investment pools or investment products, including other funds advised by the Fund’s investment adviser, Teachers Advisors, LLC (“Advisors”), or its affiliates (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the Fund’s target retirement year approaches and for approximately 30 years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring in, or planning to retire within a few years of, 2030 and who may begin taking systematic withdrawals upon retirement. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

Advisors currently expects to allocate approximately 59.60% of the Fund’s assets to equity Underlying Funds and 40.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to ten percentage points from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50.00% equity/50.00% fixed-income in the Fund’s target retirement year of 2030 and reaching the Fund’s final target allocation of approximately 20.00% equity/80.00% fixed-income in 2060. Within the equity and fixed-income asset classes, Advisors allocates the Fund’s investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2024, which will change over time, are approximately as follows: U.S. Equity: 38.74%; International Equity: 20.86%; Fixed-Income: 33.20%; Short-Term Fixed-Income: 3.60%; and Inflation-Protected Assets: 3.60%. The asset class and market sector names used herein are intended to reflect the primary type of investment of the Underlying Funds within each of these categories.

The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); TIAA-CREF Emerging Markets Equity Index Fund and TIAA-CREF International Equity Index Fund (International Equity); TIAA-CREF Bond Index Fund (Fixed-Income); TIAA-CREF Short-Term Bond Index Fund (Short-Term Fixed-Income); and TIAA-CREF Inflation-Linked Bond Fund (Inflation-Protected Assets).

As a result of its investments in the Underlying Funds, the Fund’s returns will reflect investments in a mix of domestic and foreign equities of companies of various sizes and market capitalizations and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities.

Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of the Fund’s assets are expected to be invested in any Underlying Fund or market sector not listed above, shareholders will receive prior notice of such change.

As part of the Fund’s ability to invest in other investment pools or investment products noted above, the Fund may invest in exchange-traded funds (“ETFs”) and exchange-traded notes (“ETNs”) to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs or ETNs for cash management, hedging or defensive purposes. ETFs or ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk.

The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2023, are listed in the chart below. These allocations will change over time. Underlying Fund allocations in particular may change from year to year.

Asset Class

Allocation

  

Market Sector

Allocation

Underlying Funds

Allocation

Equity

61.81%

U.S. Equity

40.29%

TIAA-CREF Equity Index

40.29%

International Equity

21.52%

TIAA-CREF International Equity Index

15.04%

TIAA-CREF Emerging Markets Equity Index

6.48%

Fixed-Income

38.19%

Fixed-Income

31.91%

TIAA-CREF Bond Index

31.91%

Short-TermFixed-Income

3.14%

TIAA-CREF Short-Term Bond Index

3.14%

Inflation-Protected Assets

3.14%

TIAA-CREF Inflation-Linked Bond

3.14%

Total

100.00%

100.00%

100.00%

The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately 30 years following the target date.

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

After the Fund reaches its final target allocation, the Board of Trustees may authorize the merger of the Fund into another Lifecycle Index Fund which has also reached its final target allocation or other similar fund designed to maintain a relatively stable asset allocation reflecting the resting point on the glidepath described in the chart above. Fund shareholders will receive prior notice of any such merger.

Read More

TLHIX - Performance

Return Ranking - Trailing

Period TLHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% 0.1% 6.0% 41.12%
1 Yr 14.8% 7.0% 17.4% 14.72%
3 Yr 3.3%* -1.7% 4.4% 16.67%
5 Yr 7.5%* 4.2% 8.0% 9.88%
10 Yr 6.9%* 3.9% 7.3% 9.47%

* Annualized

Return Ranking - Calendar

Period TLHIX Return Category Return Low Category Return High Rank in Category (%)
2023 12.8% 5.5% 14.4% 12.18%
2022 -18.0% -52.7% -14.2% 10.10%
2021 8.1% -5.6% 14.0% 11.23%
2020 12.4% 0.7% 13.7% 3.41%
2019 18.6% 2.6% 18.9% 4.94%

Total Return Ranking - Trailing

Period TLHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% 0.1% 6.0% 41.12%
1 Yr 14.8% 7.0% 17.4% 14.72%
3 Yr 3.3%* -1.7% 4.4% 16.67%
5 Yr 7.5%* 4.2% 8.0% 9.88%
10 Yr 6.9%* 3.9% 7.3% 9.47%

* Annualized

Total Return Ranking - Calendar

Period TLHIX Return Category Return Low Category Return High Rank in Category (%)
2023 15.5% 10.0% 49.5% 31.98%
2022 -15.7% -26.4% 20.1% 51.01%
2021 11.7% 1.6% 18.5% 57.22%
2020 14.8% 6.7% 19.3% 34.66%
2019 21.3% 17.1% 34.4% 51.23%

NAV & Total Return History


TLHIX - Holdings

Concentration Analysis

TLHIX Category Low Category High TLHIX % Rank
Net Assets 6.93 B 3.14 M 81.6 B 15.08%
Number of Holdings 7 4 778 92.96%
Net Assets in Top 10 7.32 B 3.3 M 81.4 B 15.08%
Weighting of Top 10 99.91% 45.0% 104.6% 12.44%

Top 10 Holdings

  1. TIAA-CREF Equity Index Fund 40.24%
  2. TIAA-CREF Bond Index Fund 31.84%
  3. TIAA-CREF International Equity Index Fund 14.92%
  4. TIAA-CREF Emerging Markets Equity Index Fund 6.53%
  5. TIAA-CREF Inflation-Linked Bond Fund 3.17%
  6. TIAA-CREF Short-Term Bond Index Fund 3.14%
  7. Fixed Income Clearing Corp (FICC) 0.09%

Asset Allocation

Weighting Return Low Return High TLHIX % Rank
Stocks
99.83% 0.00% 100.27% 40.70%
Convertible Bonds
0.40% 0.03% 1.11% 62.31%
Other
0.09% -0.04% 2.44% 24.62%
Cash
0.09% 0.00% 16.10% 73.87%
Preferred Stocks
0.00% 0.00% 0.08% 45.73%
Bonds
0.00% 0.00% 54.22% 62.81%

Stock Sector Breakdown

Weighting Return Low Return High TLHIX % Rank
Technology
20.17% 14.06% 23.99% 24.12%
Financial Services
15.33% 12.64% 18.99% 43.22%
Healthcare
12.88% 10.63% 14.63% 42.71%
Consumer Cyclical
11.09% 8.12% 13.37% 45.23%
Industrials
9.99% 8.84% 12.27% 73.87%
Communication Services
7.63% 5.69% 10.00% 18.59%
Consumer Defense
7.63% 4.88% 10.87% 9.05%
Basic Materials
4.49% 3.15% 7.02% 66.83%
Energy
4.35% 2.46% 6.43% 56.28%
Real Estate
3.51% 1.86% 12.53% 69.85%
Utilities
2.94% 1.89% 7.89% 49.25%

Stock Geographic Breakdown

Weighting Return Low Return High TLHIX % Rank
US
99.83% 0.00% 100.27% 40.70%
Non US
0.00% 0.00% 23.47% 52.76%

TLHIX - Expenses

Operational Fees

TLHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.18% 0.06% 10.07% 94.44%
Management Fee 0.16% 0.00% 0.81% 47.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

TLHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

TLHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TLHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 3.00% 98.00% 18.23%

TLHIX - Distributions

Dividend Yield Analysis

TLHIX Category Low Category High TLHIX % Rank
Dividend Yield 2.26% 0.00% 0.00% 43.72%

Dividend Distribution Analysis

TLHIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly Monthly

Net Income Ratio Analysis

TLHIX Category Low Category High TLHIX % Rank
Net Income Ratio 1.70% 0.12% 3.79% 29.38%

Capital Gain Distribution Analysis

TLHIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

TLHIX - Fund Manager Analysis

Managers

John Cunniff


Start Date

Tenure

Tenure Rank

Sep 30, 2009

12.67

12.7%

John Cunniff is a managing director and Lifecycle portfolio manager for the TIAA organization. Mr. Cunniff currently manages investment strategies for TIAA’s Lifecycle and Managed Allocation portfolios. He joined the TIAA organization in 2006. Mr. Cunniff has 25 years of industry experience. Previously, he served as director of U.S. research at Morgan Stanley Investment Management and as a portfolio manager for both Van Kampen Investments and Franklin Templeton Investments. Mr. Cunniff earned a B.S. from Johns Hopkins University, an M.S.E. from Princeton University, and an M.B.A. from Columbia University. He is a member of the New York Society of Securities Analysts

Hans Erickson


Start Date

Tenure

Tenure Rank

Sep 30, 2009

12.67

12.7%

Erickson has been serving for Teachers Advisors Inc. as a managing director since 1996. Prior to that, Erickson joined Templeton Quantitative Advisers in 1990. Erickson was employed by Anderson Consulting from May 1989 through February 1990 and Morgan Stanley from June 1988 through May 1989.

Steve Sedmak


Start Date

Tenure

Tenure Rank

Oct 01, 2018

3.67

3.7%

Steve Sedmak is a Senior Director on the Multi-Asset Investment Team at TIAA Investments, focusing on Lifecycle and other multi-asset strategies. Steve joined TIAA in 2016 and has 17 years of industry experience. Prior to joining TIAA, he served as Head of Portfolio Implementation for the Multi-Asset Strategies group at Voya Investment Management. He also served as a Portfolio Manager on the Quantitative Equity team at Voya. Prior to joining Voya, Steve had multiple roles in portfolio trading at Stifel Nicolaus, Legg Mason, and CIBC World Markets. Steve earned a B.S. in Business Administration and a B.A. in Mathematics from the University of Southern California, and holds a M.S. in Mathematics of Finance from New York University. Steve holds the CFA designation and is a member of the Chicago Quantitative Alliance.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.59 5.76 2.41