TLWRX Fees and Costs — Nuveen Lifecycle Index 2020 Fund, Retirement Class
Data updated: 2026-09-25
The net expense ratio is 0.35%: a 0.16% management fee plus 0.26% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $60K in broker commissions, 0.0021% of average net assets, and portfolio turnover was 23%.
TLWRX Fees and Expenses
Annual operating expenses and sales charges of TLWRX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.16% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 0.43% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.35% |
| 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 |
TLWRX Costs Over Time
On $10,000 invested in TLWRX, assuming 5% a year before costs, total costs come to $223 over 5 years, cutting the return by 0.37% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $122 | $223 |
| Value after costs | $10,463 | $11,454 | $12,540 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
TLWRX 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): 0.0021%
- Total broker commissions: $60K
- Bought from dealers (principal trades, not a cost): $890.2M
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
TLWRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES, LLC | $56K | 92.82% |
| BOFA SECURITIES, INC. | $3K | 4.48% |
| CITADEL SECURITIES INSTITUTIONAL LLC | $2K | 2.69% |
TLWRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon Capital Markets, LLC | $356.7M | 40.07% |
| JANE STREET EXECUTION SERVICES, LLC | $351.0M | 39.43% |
| State Street Global Markets, LLC | $136.0M | 15.28% |
| Bank of America | $17.0M | 1.91% |
| CITADEL SECURITIES INSTITUTIONAL LLC | $10.2M | 1.15% |
| MIZUHO SECURITIES, INC | $5.8M | 0.65% |
| Toronto Dominion Bank | $5.2M | 0.58% |
| RBC CAPITAL MARKETS, LLC | $3.9M | 0.44% |
| Wells Fargo Securities, LLC | $2.9M | 0.32% |
| Nomura Securities International, Inc. | $1.5M | 0.16% |
Nuveen Lifecycle Index 2020 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TLWIX | Class R6 | 0.10% | none |
| TLWHX | Class I | 0.18% | none |
| TLWPX | Premier Class | 0.25% | none |
| TLWRX | 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.