Fund Evaluator:

Nuveen Lifecycle 2035 Premier Overview

Nuveen Lifecycle 2035 Premier (TCYPX) is an actively managed Allocation Target-Date 2035 fund. Nuveen launched the fund in 2009.

The investment seeks high total return over time through a combination of capital appreciation and income. The fund is a “fund of funds” that invests in Class W or Class R6 shares of other Nuveen mutual funds and in other investment pools or investment products, including other funds or exchange-traded funds (“ETFs”) advised by the fund’s investment adviser, Teachers Advisors, LLC (“Advisors”), or its affiliates (collectively, the “underlying funds”).

About Nuveen Lifecycle 2035 Premier (TCYPX)

There are 3 members of the management team with an average tenure of 9.67 years: Steve Sedmak (2018), Jeff Sun (2025), John Cunniff (2006). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. Nuveen Lifecycle 2035 Premier has 25 securities in its portfolio. The top 10 holdings constitute 68.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Nuveen Lifecycle 2035 Premier is part of the Allocation global asset class and is within the Allocation fund group. Nuveen Lifecycle 2035 Premier has 30.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 39.7%. There is 21.6% allocated to foreign stock, and 0.3% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 32.5% (24.0% domestic bond, 8.5% foreign bond and 0.0% convertible bond). Nuveen Lifecycle 2035 Premier has 1.4% of the portfolio in cash.

Assets Under Management

The fund has $130 million in total assets, which is below the $1 billion average for the Target-Date 2035 category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

TCYPX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Nuveen Lifecycle 2035 Premier expense ratio is average compared to funds in the Target-Date 2035 category. Nuveen Lifecycle 2035 Premier has an expense ratio of 0.56%, which is 15% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Nuveen Lifecycle 2035 Premier has a portfolio turnover rate of 14%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 23% for the Target-Date 2035 category.

Recently, in the month of July 2026, Nuveen Lifecycle 2035 Premier returned -0.6%, which earned it a grade of B, as the Target-Date 2035 category had an average return of -0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Nuveen Lifecycle 2035 Premier has a trailing yield of 2.26%, which is below the 2.30% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Nuveen Lifecycle 2035 Premier Grades

Year to date, the fund has returned 6.2%, 1.1 percentage points worse than the category, which translates into a grade of F. The fund has returned 13.7% over the past year (grade of D), 11.9% over the past three years (grade of D) and 6.3% per year over the past five years (grade of D) and 9.1% per year over the past 10 years (grade of C).

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