TLZRX Fees and Costs — Nuveen Lifecycle Index 2040 Fund, Retirement Class
Data updated: 2026-09-25
The net expense ratio is 0.35%: a 0.15% management fee plus 0.26% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $122K in broker commissions, 0.0011% of average net assets, and portfolio turnover was 20%.
TLZRX Fees and Expenses
Annual operating expenses and sales charges of TLZRX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 0.41% |
| Fee waiver | −0.06% |
| 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 |
TLZRX Costs Over Time
On $10,000 invested in TLZRX, assuming 5% a year before costs, total costs come to $222 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 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $122 | $222 |
| Value after costs | $10,463 | $11,455 | $12,540 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
TLZRX 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): 0.0011%
- Total broker commissions: $122K
- Bought from dealers (principal trades, not a cost): $3.9B
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
TLZRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES, LLC | $116K | 95.18% |
| BOFA SECURITIES, INC. | $6K | 4.61% |
| CITADEL SECURITIES INSTITUTIONAL LLC | $256 | 0.21% |
TLZRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon Capital Markets, LLC | $2.2B | 54.97% |
| State Street Global Markets, LLC | $929.9M | 23.63% |
| JANE STREET EXECUTION SERVICES, LLC | $728.3M | 18.51% |
| Bank of America | $35.4M | 0.90% |
| Nomura Securities International, Inc. | $33.2M | 0.84% |
| Wells Fargo Securities, LLC | $15.9M | 0.40% |
| RBC CAPITAL MARKETS, LLC | $9.7M | 0.25% |
| Barclays Capital Inc. | $9.5M | 0.24% |
| MIZUHO SECURITIES, INC | $8.2M | 0.21% |
| CITADEL SECURITIES INSTITUTIONAL LLC | $1.6M | 0.04% |
Nuveen Lifecycle Index 2040 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TLZIX | Class R6 | 0.10% | none |
| TLZHX | Class I | 0.18% | none |
| TLPRX | Premier Class | 0.25% | none |
| TLZRX | 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.