TLFAX Fees and Costs — Nuveen Lifecycle Index 2015 Fund, Class I
Data updated: 2026-09-25
The net expense ratio is 0.18%: a 0.16% management fee plus 0.11% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $21K in broker commissions, 0.0022% of average net assets, and portfolio turnover was 25%.
TLFAX Fees and Expenses
Annual operating expenses and sales charges of TLFAX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.16% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.28% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.18% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
TLFAX Costs Over Time
On $10,000 invested in TLFAX, assuming 5% a year before costs, total costs come to $116 over 5 years, cutting the return by 0.19% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.18%) | $19 | $59 | $104 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $3 | $11 |
| Total costs | $19 | $63 | $116 |
| Value after costs | $10,481 | $11,513 | $12,647 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
TLFAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0022%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $323.6M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
TLFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES, LLC | $20K | 93.11% |
| BOFA SECURITIES, INC. | $954 | 4.45% |
| CITADEL SECURITIES INSTITUTIONAL LLC | $523 | 2.44% |
TLFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon Capital Markets, LLC | $125.8M | 38.88% |
| JANE STREET EXECUTION SERVICES, LLC | $125.0M | 38.63% |
| State Street Global Markets, LLC | $58.1M | 17.95% |
| Bank of America | $6.0M | 1.85% |
| CITADEL SECURITIES INSTITUTIONAL LLC | $3.3M | 1.01% |
| Nomura Securities International, Inc. | $2.3M | 0.72% |
| RBC CAPITAL MARKETS, LLC | $1.9M | 0.59% |
| Wells Fargo Securities, LLC | $1.2M | 0.37% |
Nuveen Lifecycle Index 2015 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TLFIX | Class R6 | 0.10% | none |
| TLFAX | Class I | 0.18% | none |
| TLFPX | Premier Class | 0.25% | none |
| TLGRX | Retirement Class | 0.35% | none |
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.