TCLOX Performance — Nuveen Lifecycle 2040 Fund, Retirement Class
Data updated: 2026-09-25
TCLOX returned +7.32% year to date and +20.11% over one year to May 2026. Annualised returns are +15.92% over 3 years and +7.47% over 5 years. Against its Target-Date category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $156, against $155 for the category, and to $120 over one year, against $121. Volatility over the past three years was 10.38% a year. In the 12 months to May 2026 the fund lost a net $121.0M, and assets reached $6.54B.
TCLOX Growth of $100
What $100 invested in Nuveen Lifecycle 2040 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | TCLOX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $120 | $121 |
| 3 years (Jun 2023 – May 2026) | $156 | $155 |
| 5 years (Jun 2021 – May 2026) | $143 | $144 |
| Since data start (Sep 2019 – May 2026) | $198 | $187 |
TCLOX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.32% |
| 1 year | +20.11% |
| 3 years (annualised) | +15.92% |
| 5 years (annualised) | +7.47% |
TCLOX Annual Returns
Calendar-year total returns of Nuveen Lifecycle 2040 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +7.32% |
| 2025 | +15.83% |
| 2024 | +12.54% |
| 2023 | +18.04% |
| 2022 | −16.82% |
| 2021 | +13.99% |
| 2020 | +16.07% |
| 2019 (Sep–Dec) | +8.71% |
TCLOX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.1% | +1.2% | −5.5% | +7.1% | +2.6% | — | — | — | — | — | — | — |
| 2025 | +2.7% | −0.3% | −3.5% | +0.3% | +4.5% | +3.9% | +0.6% | +1.6% | +2.7% | +1.8% | +0.3% | +0.5% |
| 2024 | +0.4% | +3.7% | +2.8% | −3.4% | +3.6% | +1.8% | +1.5% | +1.8% | +1.3% | −1.9% | +3.1% | −2.6% |
| 2023 | +6.0% | −2.6% | +2.3% | +1.2% | −0.8% | +4.9% | +3.0% | −2.4% | −3.8% | −2.3% | +7.4% | +4.7% |
| 2022 | −4.7% | −2.7% | +1.0% | −6.9% | +0.4% | −7.3% | +6.2% | −3.1% | −7.9% | +5.6% | +6.5% | −3.7% |
| 2021 | −0.7% | +2.7% | +1.9% | +3.8% | +1.2% | +1.3% | +0.5% | +1.9% | −3.6% | +3.9% | −2.7% | +3.2% |
| 2020 | −0.9% | −6.3% | −13.0% | +10.1% | +5.1% | +2.6% | +4.6% | +5.2% | −2.5% | −1.6% | +10.1% | +4.2% |
| 2019 | — | — | — | — | — | — | — | — | +1.1% | +2.1% | +2.4% | +2.8% |
TCLOX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 10.38%
- 3-year Sharpe ratio: 1.10 (vs 4.5% risk-free rate)
- Best month: +7.40% (Nov 2023)
- Worst month: −5.49% (Mar 2026)
TCLOX Fund Flows
Monthly money in and out of Nuveen Lifecycle 2040 Fund, from SEC Form N-PORT.
- 12-month net flow: −$121.0M
- 12-month gross sales (incl. reinvestments): $706.7M
- Sales ÷ redemptions: 0.85×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $15.4M | $114.8M | −$99.4M |
| Apr 2026 | $13.1M | $53.3M | −$40.2M |
| Mar 2026 | $43.6M | $78.4M | −$34.8M |
| Feb 2026 | $14.8M | $40.5M | −$25.6M |
| Jan 2026 | $29.4M | $73.2M | −$43.7M |
| Dec 2025 | $483.9M | $72.5M | $411.4M |
| Nov 2025 | $12.1M | $84.7M | −$72.6M |
| Oct 2025 | $31.7M | $71.8M | −$40.1M |
| Sep 2025 | $15.4M | $30.7M | −$15.2M |
| Aug 2025 | $13.5M | $23.9M | −$10.4M |
| Jul 2025 | $17.7M | $58.6M | −$40.9M |
| Jun 2025 | $16.0M | $125.3M | −$109.3M |
TCLOX Assets Under Management
Net assets of Nuveen Lifecycle 2040 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $6.54B |
| 2026-02-28 | $6.47B |
| 2025-11-30 | $6.35B |
| 2025-08-31 | $6.18B |
| 2025-05-31 | $5.92B |
| 2025-02-28 | $5.97B |
| 2024-11-30 | $6.20B |
| 2024-08-31 | $6.16B |
| 2024-05-31 | $6.16B |
| 2024-02-29 | $6.13B |
| 2023-11-30 | $5.69B |
| 2023-08-31 | $5.76B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.