TSMHX
Nuveen Lifestyle Moderate Fund
TIAA-CREF Funds
Fund of funds
Expense ratio1
0.64%
Net assets2
$620.24M
Holdings2
16
Category
US Equity
2025 return3
14.11%

Investment objective & strategy

As of Sept. 26, 2025 · prospectus

Objective. The Fund seeks long-term total return, consisting of capital appreciation and current income.

Strategy. The Fund is a fund of funds that invests in Class R6 or Class I 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 Funds investment adviser, Teachers Advisors, LLC (Advisors), or its affiliates (collectively, the Underlying Funds). The Fund is designed for investors seeking long-term total return, consisting of capital appreciation and current income, through a relatively stable asset allocation strategy targeting a moderate risk-return profile. Advisors generally seeks to meet the Funds investment objective by investing: (1) approximately 60% of the Funds assets in equity Underlying Funds and (2) approximately 40% of the Funds assets in fixed-income Underlying Funds. The Fund may deviate … The Fund is a fund of funds that invests in Class R6 or Class I 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 Funds investment adviser, Teachers Advisors, LLC (Advisors), or its affiliates (collectively, the Underlying Funds). The Fund is designed for investors seeking long-term total return, consisting of capital appreciation and current income, through a relatively stable asset allocation strategy targeting a moderate risk-return profile. Advisors generally seeks to meet the Funds investment objective by investing: (1) approximately 60% of the Funds assets in equity Underlying Funds and (2) approximately 40% of the Funds assets in fixed-income Underlying Funds. The Fund may deviate from these target allocations by up to ten percentage points depending upon current market conditions and outlook. The Underlying Funds allocation targets generally represent targets for investments in equity and fixed-income asset classes. Within the equity and fixed-income asset classes, Advisors allocates the Funds investments to particular market sectors (which may include U.S. equity, international equity, fixed-income and short-term fixed-income) represented by various Underlying Funds. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the domestic and foreign equity markets, as well as overall financial and economic conditions. The Fund may sometimes be more heavily weighted toward equities or fixed-income than the target allocations, if the portfolio managers believe market conditions warrant. For example, the Fund may increase its holdings in fixed-income Underlying Funds in periods when the portfolio managers believe the equity markets will decline. The market sector allocations and Underlying Fund allocations may also be changed over time by the portfolio managers, including the addition and removal of market sectors and Underlying Funds in which the Fund invests in light of the Funds desired level of risk and potential return at a particular time as evaluated by the portfolio managers based on a mix of qualitative and quantitative factors. The portfolio managers may also opportunistically purchase other Funds or other investment pools or investment products, based on the portfolio managers evaluation of the market sectors and/or Underlying Funds, without prior notice to shareholders. If 10% or more of the Funds assets are expected to be invested in any Underlying Fund, market sector or asset class not listed in the chart below, shareholders will receive prior notice of such change. As a result of its investments in the Underlying Funds, the Funds returns will reflect investments in a mix of domestic and foreign equities of companies of various sizes and market capitalizations and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities. As part of the Funds ability to invest in other investment pools or investment products noted above, the Fund may invest in ETFs and exchange-traded notes (ETNs) to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk. The Funds asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector as of June 30, 2025, are listed in the chart below. These allocations may change over time. Underlying Fund allocations in particular may change from year to year. However, as of the date of this Prospectus, Advisors expects that the allocations among the market sectors and Underlying Funds set forth below will be adjusted over time as Advisors implements: (i) the addition of Nuveen Small Cap Select Fund and Nuveen International Value Fund as new Underlying Funds in the U.S. Equity and International Equity market sectors, respectively, and corresponding reductions to other Underlying Funds in those market sectors; and (ii) strategic reallocations among certain Underlying Funds. Asset Class Allocation Market Sector Allocation Underlying Funds Allocation Equity 60.37% U.S. Equity 39.34% ? Nuveen Growth Opportunities ETF 6.68% ? Nuveen Large Cap Growth 6.66% ? Nuveen Large Cap Value 5.91% ? Nuveen Dividend Value 5.88% ? Nuveen Core Equity 5.87% ? Nuveen Dividend Growth 5.82% ? Nuveen Quant Small/Mid Cap Equity 1.40% ? Nuveen Quant Small Cap Equity 1.12% International Equity 21.03% ? Nuveen International Equity 8.92% ? Nuveen International Opportunities 5.42% ? Nuveen Emerging Markets Equity 3.70% ? Nuveen Quant International Small Cap Equity 2.99% Fixed-Income 39.63% Fixed-Income 39.63% ? Nuveen Core Plus Bond 39.63% Total 100.00% 100.00% 100.00%

Allocation by sector

As of February 28, 2026 · N-PORT
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Portfolio moves

Nov 30, 2025 → Feb 28, 2026
Opened
1
Exited
1
Increased
12
Decreased
3
Unchanged
0

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

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Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Nuveen Managed Allocation Fund · TIMRX, TITRX, TIMIX 100% 0.46%
Nuveen Lifestyle Growth Fund · TSGPX, TSGLX, TSGRX, TSGGX, TSGHX 80% 0.61%
Nuveen Lifestyle Conservative Fund · TCSIX, TLSPX, TSCLX, TSCTX, TLSHX 70% 0.50%
View all similar funds →

Advisers

As of May 31, 2025 · N-CEN
FirmRole
Teachers Advisors, LLC Adviser

Footnotes

  1. Expense ratio as of September 26, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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