New funds will opportunistically blend active and passive investing strategies
The trustee for the new CITs is
“Collective investment trusts offer an attractive investment framework for plan sponsors and their advisors and consultants who are focused on cost-effective investment solutions,” said
The Nuveen TIAA Lifecycle Blend CIT series contains a blend of active and passive holdings. The series aims to appeal to plan sponsors seeking expertise and experience in actively managed funds while seeking to balance investment costs by using index funds where appropriate.
“We’re excited to partner with SEI to offer a blended CIT series with direct real estate investments,” said
The Nuveen TIAA Lifecycle Blend CIT series will employ a glidepath that extends 30 years past retirement as a means to help provide investment outcomes and retirement income for the growing number of plan participants who elect to remain in these funds well into their retirement years.
The full Nuveen TIAA Lifecycle Blend CIT series includes:
Nuveen TIAA Lifecycle Blend Fund2010
Nuveen TIAA Lifecycle Blend Fund2015
Nuveen TIAA Lifecycle Blend Fund2020
Nuveen TIAA Lifecycle Blend Fund2025
Nuveen TIAA Lifecycle Blend Fund2030
Nuveen TIAA Lifecycle Blend Fund2035
Nuveen TIAA Lifecycle Blend Fund2040
Nuveen TIAA Lifecycle Blend Fund2045
Nuveen TIAA Lifecycle Blend Fund2050
Nuveen TIAA Lifecycle Blend Fund2055
Nuveen TIAA Lifecycle Blend Fund2060
Nuveen TIAA Lifecycle Blend Retirement Income Fund
Nuveen is one of the largest investment managers of defined contribution assets in
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has more than
Now in its 50th year of business, SEI (NASDAQ:SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of
Nuveen was the fourth largest manager of defined contribution assets with
The target date is the approximate date when investors plan to start withdrawing their money. The principal value of the funds is not guaranteed at any time, including at the target date. The unit value of the CIT will fluctuate, and investors may lose money.
As complex bank products, CITs are exposed to operational, regulatory and reputational risks. CITs may not be suitable for all investors or all plan needs and may outperform certain sector products during times of market volatility but also may underperform certain sector products over periods of time. Investing involves risk; principal loss is possible. There is no guarantee the CITs investment objectives will be achieved. The CIT is a fund of funds subject to the risks of its underlying funds in proportion to each CIT’s allocation to the underlying funds. Underlying funds invest primarily in stocks, bonds and real estate.
A fiduciary should consider the CIT objectives, risks, and expenses before investing. This and other information can be found in the Disclosure Memorandum.
This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. Investment decisions should be made based on an investor's objectives and circumstances and in consultation with his or her advisors.
Nuveen Solutions comprises a team of investment professionals who are shared between