# EDGAR Filing Document

**Accession Number:** 0001084380
**File Stem:** 0001193125-26-038745
**Filing Date:** 2026-2
**Character Count:** 861905
**Document Hash:** 9a705e698e9643c62511b2c951696fd7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-038745.hdr.sgml**: 20260205

**ACCESSION NUMBER**: 0001193125-26-038745

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 154

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260205

**DATE AS OF CHANGE**: 20260205

**EFFECTIVENESS DATE**: 20260205

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TIAA-CREF FUNDS
- **CENTRAL INDEX KEY:** 0001084380

**ORGANIZATION NAME:**
- **EIN:** 134055167
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09301
- **FILM NUMBER:** 26601176

**BUSINESS ADDRESS:**
- **STREET 1:** 730 THIRD AVE.
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 2129166746

**MAIL ADDRESS:**
- **STREET 1:** 730 THIRD AVE.
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TIAA CREF INSTITUTIONAL MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 19990415

## Series and Classes Contracts Data

### Nuveen Lifecycle 2010 Fund (Series ID: S000005375)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000014639 | Retirement Class | TCLEX           |
| C000047972 | Class R6         | TCTIX           |
| C000079559 | Premier Class    | TCTPX           |
| C000162552 | Class I          | TCLHX           |

### Nuveen Lifecycle 2015 Fund (Series ID: S000005376)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000014640 | Retirement Class | TCLIX           |
| C000047973 | Class R6         | TCNIX           |
| C000079560 | Premier Class    | TCFPX           |
| C000162553 | Class I          | TCNHX           |

### Nuveen Lifecycle 2020 Fund (Series ID: S000005377)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000014641 | Retirement Class | TCLTX           |
| C000047974 | Class R6         | TCWIX           |
| C000079561 | Premier Class    | TCWPX           |
| C000162554 | Class I          | TCWHX           |

### Nuveen Lifecycle 2025 Fund (Series ID: S000005378)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000014642 | Retirement Class | TCLFX           |
| C000047975 | Class R6         | TCYIX           |
| C000079562 | Premier Class    | TCQPX           |
| C000162555 | Class I          | TCQHX           |

### Nuveen Lifecycle 2030 Fund (Series ID: S000005379)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000014643 | Retirement Class | TCLNX           |
| C000047976 | Class R6         | TCRIX           |
| C000079563 | Premier Class    | TCHPX           |
| C000162556 | Class I          | TCHHX           |

### Nuveen Lifecycle 2035 Fund (Series ID: S000005380)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000014644 | Retirement Class | TCLRX           |
| C000047977 | Class R6         | TCIIX           |
| C000079564 | Premier Class    | TCYPX           |
| C000162557 | Class I          | TCYHX           |

### Nuveen Lifecycle 2040 Fund (Series ID: S000005382)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000014647 | Retirement Class | TCLOX           |
| C000047978 | Class R6         | TCOIX           |
| C000079566 | Premier Class    | TCZPX           |
| C000162559 | Class I          | TCZHX           |

### Nuveen Managed Allocation Fund (Series ID: S000012194)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000033271 | Class A          | TIMRX           |
| C000033272 | Retirement Class | TITRX           |
| C000033273 | Class R6         | TIMIX           |

### Nuveen Lifecycle 2045 Fund (Series ID: S000019659)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000054991 | Class R6         | TTFIX           |
| C000054992 | Retirement Class | TTFRX           |
| C000079575 | Premier Class    | TTFPX           |
| C000162574 | Class I          | TTFHX           |

### Nuveen Lifecycle 2050 Fund (Series ID: S000019660)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000054993 | Class R6         | TFTIX           |
| C000054994 | Retirement Class | TLFRX           |
| C000079576 | Premier Class    | TCLPX           |
| C000162575 | Class I          | TFTHX           |

### Nuveen Lifecycle Retirement Income Fund (Series ID: S000019661)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000054995 | Class A          | TLRRX           |
| C000054996 | Class R6         | TLRIX           |
| C000054997 | Retirement Class | TLIRX           |
| C000079577 | Premier Class    | TPILX           |
| C000162576 | Class I          | TLRHX           |

### Nuveen Lifecycle Index 2010 Fund (Series ID: S000026498)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000079517 | Class R6         | TLTIX           |
| C000079518 | Premier Class    | TLTPX           |
| C000079519 | Retirement Class | TLTRX           |
| C000162577 | Class I          | TLTHX           |

### Nuveen Lifecycle Index Retirement Income Fund (Series ID: S000026499)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000079520 | Class R6         | TRILX           |
| C000079521 | Premier Class    | TLIPX           |
| C000079522 | Retirement Class | TRCIX           |
| C000162578 | Class I          | TLIHX           |

### Nuveen Lifecycle Index 2015 Fund (Series ID: S000026501)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000079527 | Class R6         | TLFIX           |
| C000079528 | Premier Class    | TLFPX           |
| C000079529 | Retirement Class | TLGRX           |
| C000162580 | Class I          | TLFAX           |

### Nuveen Lifecycle Index 2020 Fund (Series ID: S000026502)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000079530 | Class R6         | TLWIX           |
| C000079531 | Premier Class    | TLWPX           |
| C000079532 | Retirement Class | TLWRX           |
| C000162581 | Class I          | TLWHX           |

### Nuveen Lifecycle Index 2025 Fund (Series ID: S000026503)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000079533 | Class R6         | TLQIX           |
| C000079534 | Premier Class    | TLVPX           |
| C000079535 | Retirement Class | TLQRX           |
| C000162582 | Class I          | TLQHX           |

### Nuveen Lifecycle Index 2030 Fund (Series ID: S000026504)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000079536 | Class R6         | TLHIX           |
| C000079537 | Premier Class    | TLHPX           |
| C000079538 | Retirement Class | TLHRX           |
| C000162583 | Class I          | TLHHX           |

### Nuveen Lifecycle Index 2035 Fund (Series ID: S000026505)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000079539 | Class R6         | TLYIX           |
| C000079540 | Premier Class    | TLYPX           |
| C000079541 | Retirement Class | TLYRX           |
| C000162584 | Class I          | TLYHX           |

### Nuveen Lifecycle Index 2040 Fund (Series ID: S000026506)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000079542 | Class R6         | TLZIX           |
| C000079543 | Premier Class    | TLPRX           |
| C000079544 | Retirement Class | TLZRX           |
| C000162585 | Class I          | TLZHX           |

### Nuveen Lifecycle Index 2045 Fund (Series ID: S000026507)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000079545 | Class R6         | TLXIX           |
| C000079546 | Premier Class    | TLMPX           |
| C000079547 | Retirement Class | TLMRX           |
| C000162586 | Class I          | TLMHX           |

### Nuveen Lifecycle Index 2050 Fund (Series ID: S000026508)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000079548 | Class R6         | TLLIX           |
| C000079549 | Premier Class    | TLLPX           |
| C000079550 | Retirement Class | TLLRX           |
| C000162587 | Class I          | TLLHX           |

### Nuveen Lifecycle Index 2055 Fund (Series ID: S000031926)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000099413 | Retirement Class | TTIRX           |
| C000099414 | Class R6         | TTIIX           |
| C000099415 | Premier Class    | TTIPX           |
| C000162590 | Class I          | TTIHX           |

### Nuveen Lifecycle 2055 Fund (Series ID: S000031927)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000099416 | Retirement Class | TTRLX           |
| C000099417 | Class R6         | TTRIX           |
| C000099418 | Premier Class    | TTRPX           |
| C000162591 | Class I          | TTRHX           |

### Nuveen Lifestyle Aggressive Growth Fund (Series ID: S000034958)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000107517 | Class R6         | TSAIX           |
| C000107518 | Premier Class    | TSAPX           |
| C000107519 | Class A          | TSALX           |
| C000107520 | Retirement Class | TSARX           |
| C000162593 | Class I          | TSAHX           |

### Nuveen Lifestyle Conservative Fund (Series ID: S000034959)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000107521 | Class R6         | TCSIX           |
| C000107522 | Premier Class    | TLSPX           |
| C000107523 | Class A          | TSCLX           |
| C000107524 | Retirement Class | TSCTX           |
| C000162594 | Class I          | TLSHX           |

### Nuveen Lifestyle Growth Fund (Series ID: S000034960)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000107525 | Premier Class    | TSGPX           |
| C000107526 | Class A          | TSGLX           |
| C000107527 | Retirement Class | TSGRX           |
| C000107528 | Class R6         | TSGGX           |
| C000162595 | Class I          | TSGHX           |

### Nuveen Lifestyle Income Fund (Series ID: S000034961)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000107529 | Class R6         | TSITX           |
| C000107530 | Premier Class    | TSIPX           |
| C000107531 | Class A          | TSILX           |
| C000107532 | Retirement Class | TLSRX           |
| C000162596 | Class I          | TSIHX           |

### Nuveen Lifestyle Moderate Fund (Series ID: S000034962)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000107533 | Class R6         | TSIMX           |
| C000107534 | Premier Class    | TSMPX           |
| C000107535 | Class A          | TSMLX           |
| C000107536 | Retirement Class | TSMTX           |
| C000162597 | Class I          | TSMHX           |

### Nuveen Lifecycle 2060 Fund (Series ID: S000046661)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000145612 | Class R6         | TLXNX           |
| C000145613 | Premier Class    | TLXPX           |
| C000145614 | Retirement Class | TLXRX           |
| C000162601 | Class I          | TLXHX           |

### Nuveen Lifecycle Index 2060 Fund (Series ID: S000046662)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000145615 | Retirement Class | TVITX           |
| C000145616 | Class R6         | TVIIX           |
| C000145617 | Premier Class    | TVIPX           |
| C000162602 | Class I          | TVIHX           |

### Nuveen Lifecycle 2065 Fund (Series ID: S000069450)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000221702 | Premier Class    | TSFPX           |
| C000221703 | Class I          | TSFHX           |
| C000221704 | Class R6         | TSFTX           |
| C000221705 | Retirement Class | TSFRX           |

### Nuveen Lifecycle Index 2065 Fund (Series ID: S000069451)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000221706 | Premier Class    | TFIPX           |
| C000221707 | Retirement Class | TFIRX           |
| C000221708 | Class I          | TFIHX           |
| C000221709 | Class R6         | TFITX           |

### Nuveen Lifecycle 2070 Fund (Series ID: S000095269)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000263978 | Class R6     | TLCRX           |
| C000263979 | Premier      | TLCPX           |
| C000263980 | Retirement   | TLCOX           |
| C000263981 | Class I      | TLCGX           |

### Nuveen Lifecycle Index 2070 Fund (Series ID: S000095270)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000263982 | Class R6     | TLCLX           |
| C000263983 | Premier      | TPREX           |
| C000263984 | Retirement   | TRETX           |
| C000263985 | Class I      | TLICX           |

?xml version='1.0' encoding='ASCII'? N-CSRS

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

### FORM N-CSR

### CERTIFIED SHAREHOLDER REPORT OF REGISTERED

### MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-09301

TIAA-CREF Funds

(Exact name of registrant as specified in charter)

730 Third Avenue

New York, New York 10017-3206

(Address of principal executive offices) (Zip code)

Jeremy D. Franklin, Esq.

TIAA-CREF Funds

8500 Andrew Carnegie Boulevard

Charlotte, North Carolina 28262

(Name and address of agent for service)

Registrant's telephone number, including area code: <u>(800) 842-2733</u>

Date of fiscal year end: <u>May 31</u>

Date of reporting period: <u>November 30, 2025</u>

------

**Item 1.** **Reports to Stockholders.**<br>

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Retirement Income Fund

Class A Shares/TLRRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class A Shares of the Nuveen Lifecycle Retirement Income Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class A Shares | $27 | 0.51% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 407894824 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 19% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g01v01.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 886315498_SAR_1125<br> 5027709 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Retirement Income Fund

Class I Shares/TLRHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle Retirement Income Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $17 | 0.33% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 407894824 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 19% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g07c02.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245P106_SAR_1125<br> 5027709 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Retirement Income Fund

Premier Class Shares/TPILX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle Retirement Income Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $21 | 0.41% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 407894824 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 19% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g45r21.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245M335_SAR_1125<br> 5027709 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Retirement Income Fund

Class R6 Shares/TLRIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle Retirement Income Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $14 | 0.26% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 407894824 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 19% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g63q62.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 886315563_SAR_1125<br> 5027709 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Retirement Income Fund

Retirement Class Shares/TLIRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle Retirement Income Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $27 | 0.51% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 407894824 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 19% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g76c63.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 886315480_SAR_1125<br> 5027709 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2010 Fund

Class I Shares/TCLHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle 2010 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $16 | 0.30% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 692745611 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 18% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g01a11.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245P205_SAR_1125<br> 5027715 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2010 Fund

Premier Class Shares/TCTPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle 2010 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $18 | 0.34% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 692745611 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 18% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g48p49.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245M434_SAR_1125<br> 5027715 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2010 Fund

Class R6 Shares/TCTIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle 2010 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $10 | 0.19% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 692745611 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 18% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g06y44.jpg)

<sup>(1)</sup> Affiliated investment companies, except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 886315662_SAR_1125<br> 5027715 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2010 Fund

Retirement Class Shares/TCLEX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle 2010 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $23 | 0.44% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 692745611 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 18% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g15x55.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87244W458_SAR_1125<br> 5027715 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2015 Fund

Class I Shares/TCNHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle 2015 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $17 | 0.33% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 976016313 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 18% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g19c19.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245P304_SAR_1125<br> 5027725 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2015 Fund

Premier Class Shares/TCFPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle 2015 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $21 | 0.41% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 976016313 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 18% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g14z43.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245M426_SAR_1125<br> 5027725 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2015 Fund

Class R6 Shares/TCNIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle 2015 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $14 | 0.26% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 976016313 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 18% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g62w38.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 886315654_SAR_1125<br> 5027725 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2015 Fund

Retirement Class Shares/TCLIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle 2015 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $27 | 0.51% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 976016313 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 18% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g77d71.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87244W441_SAR_1125<br> 5027725 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2020 Fund

Class I Shares/TCWHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle 2020 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $20 | 0.38% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 2091974678 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 18% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g27d27.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245P403_SAR_1125<br> 5027733 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2020 Fund

Premier Class Shares/TCWPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle 2020 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $21 | 0.41% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 2091974678 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 18% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g46m09.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245M418_SAR_1125<br> 5027733 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2020 Fund

Class R6 Shares/TCWIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle 2020 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $14 | 0.26% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $2091974678 |
|  Total number of portfolio holdings | 24 |
|  Portfolio turnover (%) | 18% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ![LOGO](g95421g1g52o59.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 886315647_SAR_1125<br> 5027733 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2020 Fund

Retirement Class Shares/TCLTX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle 2020 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $27 | 0.51% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $2091974678 |
|  Total number of portfolio holdings | 24 |
|  Portfolio turnover (%) | 18% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g30g65.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87244W433_SAR_1125<br> 5027733 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2025 Fund

Class I Shares/TCQHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle 2025 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $16 | 0.31% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $3393373620 |
|  Total number of portfolio holdings | 24 |
|  Portfolio turnover (%) | 19% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ![LOGO](g95421g1g01a35.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245P502_SAR_1125<br> 5027740 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2025 Fund

Premier Class Shares/TCQPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle 2025 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $21 | 0.41% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $3393373620 |
|  Total number of portfolio holdings | 24 |
|  Portfolio turnover (%) | 19% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ![LOGO](g95421g1g69s14.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245M392_SAR_1125<br> 5027740 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2025 Fund

Class R6 Shares/TCYIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle 2025 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $14 | 0.26% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $3393373620 |
|  Total number of portfolio holdings | 24 |
|  Portfolio turnover (%) | 19% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ![LOGO](g95421g1g74k31.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 886315639_SAR_1125<br> 5027740 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2025 Fund

Retirement Class Shares/TCLFX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle 2025 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $27 | 0.51% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $3393373620 |
|  Total number of portfolio holdings | 24 |
|  Portfolio turnover (%) | 19% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ![LOGO](g95421g1g96f63.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87244W425_SAR_1125<br> 5027740 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2030 Fund

Class I Shares/TCHHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle 2030 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $15 | 0.28% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $4577238249 |
|  Total number of portfolio holdings | 24 |
|  Portfolio turnover (%) | 17% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g19k43.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245P601_SAR_1125<br> 5027749 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2030 Fund

Premier Class Shares/TCHPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle 2030 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $21 | 0.40% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $4577238249 |
|  Total number of portfolio holdings | 24 |
|  Portfolio turnover (%) | 17% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g57c59.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245M384_SAR_1125<br> 5027749 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2030 Fund

Class R6 Shares/TCRIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle 2030 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $13 | 0.25% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $4577238249 |
|  Total number of portfolio holdings | 24 |
|  Portfolio turnover (%) | 17% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g61g91.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 886315621_SAR_1125<br> 5027749 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2030 Fund

Retirement Class Shares/TCLNX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle 2030 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $26 | 0.50% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $4577238249 |
|  Total number of portfolio holdings | 24 |
|  Portfolio turnover (%) | 17% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g60g98.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87244W417_SAR_1125<br> 5027749 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2035 Fund

Class I Shares/TCYHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle 2035 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $15 | 0.28% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 5147458124 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 15% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g19k51.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245P700_SAR_1125<br> 5027756 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2035 Fund

Premier Class Shares/TCYPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle 2035 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $21 | 0.39% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 5147458124 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 15% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g13q31.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245M376_SAR_1125<br> 5027756 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2035 Fund

Class R6 Shares/TCIIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle 2035 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $13 | 0.24% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 5147458124 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 15% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g24h43.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 886315613_SAR_1125<br> 5027756 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2035 Fund

Retirement Class Shares/TCLRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle 2035 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $26 | 0.49% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 5147458124 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 15% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g08q37.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87244W391_SAR_1125<br> 5027756 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2040 Fund

Class I Shares/TCZHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle 2040 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $15 | 0.28% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 6351183687 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 13% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g19k59.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245P809_SAR_1125<br> 5027765 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2040 Fund

Premier Class Shares/TCZPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle 2040 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $20 | 0.38% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 6351183687 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 13% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g26m88.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245M368_SAR_1125<br> 5027765 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2040 Fund

Class R6 Shares/TCOIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle 2040 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $12 | 0.23% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 6351183687 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 13% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g57e27.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 886315597_SAR_1125<br> 5027765 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2040 Fund

Retirement Class Shares/TCLOX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle 2040 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $25 | 0.48% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 6351183687 |
|  Total number of portfolio holdings |  | 24 |
|  Portfolio turnover (%) |  | 13% |

---

1 continued>>

------

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g94h25.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information   • fund holdings   • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87244W383_SAR_1125<br> 5027765 | <br> ![LOGO](g95421g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2045 Fund

Class I Shares/TTFHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle 2045 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $14 | 0.26% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 4760819665 |
|  Total number of portfolio holdings |  | 22 |
|  Portfolio turnover (%) |  | 13% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g67k67.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information   • fund holdings   • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245P882_SAR_1125<br> 5027774 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2045 Fund

Premier Class Shares/TTFPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle 2045 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $20 | 0.38% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 4760819665 |
|  Total number of portfolio holdings |  | 22 |
|  Portfolio turnover (%) |  | 13% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g67t92.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information   • fund holdings   • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245M350_SAR_1125<br> 5027774 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2045 Fund

Class R6 Shares/TTFIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle 2045 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $12 | 0.23% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 4760819665 |
|  Total number of portfolio holdings |  | 22 |
|  Portfolio turnover (%) |  | 13% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g07r14.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information   • fund holdings   • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 886315589_SAR_1125<br> 5027774 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2045 Fund

Retirement Class Shares/TTFRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle 2045 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $26 | 0.48% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 4760819665 |
|  Total number of portfolio holdings |  | 22 |
|  Portfolio turnover (%) |  | 13% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g04f79.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information   • fund holdings   • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 886315522_SAR_1125<br> 5027774 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2050 Fund

Class I Shares/TFTHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle 2050 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of**<br> **$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $14 | 0.26% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 3877800314 |
|  Total number of portfolio holdings |  | 22 |
|  Portfolio turnover (%) |  | 13% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g75b75.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   • financial statements and other information   • fund holdings   • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245P874_SAR_1125<br> 5027781 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2050 Fund

Premier Class Shares/TCLPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle 2050 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $20 | 0.38% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 3877800314 |
|  Total number of portfolio holdings |  | 22 |
|  Portfolio turnover (%) |  | 13% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g77y28.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245M343_SAR_1125<br> 5027781 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2050 Fund

Class R6 Shares/TFTIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle 2050 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $12 | 0.23% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 3877800314 |
|  Total number of portfolio holdings |  | 22 |
|  Portfolio turnover (%) |  | 13% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g31m50.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 886315571_SAR_1125<br> 5027781 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2050 Fund

Retirement Class Shares/TLFRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle 2050 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $26 | 0.48% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 3877800314 |
|  Total number of portfolio holdings |  | 22 |
|  Portfolio turnover (%) |  | 13% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g39k90.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 886315514_SAR_1125<br> 5027781 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2055 Fund

Class I Shares/TTRHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle 2055 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $14 | 0.27% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 2092261663 |
|  Total number of portfolio holdings |  | 19 |
|  Portfolio turnover (%) |  | 14% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g01a83.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245P866_SAR_1125<br> 5027788 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2055 Fund

Premier Class Shares/TTRPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle 2055 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $20 | 0.38% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 2092261663 |
|  Total number of portfolio holdings |  | 19 |
|  Portfolio turnover (%) |  | 14% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g95m70.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245M186_SAR_1125<br> 5027788 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2055 Fund

Class R6 Shares/TTRIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle 2055 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $12 | 0.23% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 2092261663 |
|  Total number of portfolio holdings |  | 19 |
|  Portfolio turnover (%) |  | 14% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g25e57.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245M210_SAR_1125<br> 5027788 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2055 Fund

Retirement Class Shares/TTRLX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle 2055 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $26 | 0.48% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 2092261663 |
|  Total number of portfolio holdings |  | 19 |
|  Portfolio turnover (%) |  | 14% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g29e84.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245M194_SAR_1125<br> 5027788 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2060 Fund

Class I Shares/TLXHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle 2060 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $13 | 0.25% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 1011198649 |
|  Total number of portfolio holdings |  | 19 |
|  Portfolio turnover (%) |  | 13% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g00a91.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245P858_SAR_1125<br> 5027801 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2060 Fund

Premier Class Shares/TLXPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle 2060 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $20 | 0.38% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 1011198649 |
|  Total number of portfolio holdings |  | 19 |
|  Portfolio turnover (%) |  | 13% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g55f56.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R524_SAR_1125<br> 5027801 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2060 Fund

Class R6 Shares/TLXNX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle 2060 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $12 | 0.23% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 1011198649 |
|  Total number of portfolio holdings |  | 19 |
|  Portfolio turnover (%) |  | 13% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g83j23.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R573_SAR_1125<br> 5027801 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2060 Fund

Retirement Class Shares/TLXRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle 2060 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $26 | 0.48% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 1011198649 |
|  Total number of portfolio holdings |  | 19 |
|  Portfolio turnover (%) |  | 13% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g78n07.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R532_SAR_1125<br> 5027801 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2065 Fund

Class I Shares/TSFHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle 2065 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $17 | 0.31% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 188875840 |
|  Total number of portfolio holdings |  | 19 |
|  Portfolio turnover (%) |  | 22% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g00a99.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87249N776_SAR_1125<br> 5027806 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2065 Fund

Premier Class Shares/TSFPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle 2065 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $20 | 0.37% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 188875840 |
|  Total number of portfolio holdings |  | 19 |
|  Portfolio turnover (%) |  | 22% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g73l49.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87249N750_SAR_1125<br> 5027806 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2065 Fund

Class R6 Shares/TSFTX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle 2065 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $12 | 0.22% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 188875840 |
|  Total number of portfolio holdings |  | 19 |
|  Portfolio turnover (%) |  | 22% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g78o12.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87249N768_SAR_1125<br> 5027806 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2065 Fund

Retirement Class Shares/TSFRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle 2065 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $25 | 0.47% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 188875840 |
|  Total number of portfolio holdings |  | 19 |
|  Portfolio turnover (%) |  | 22% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g37w04.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87249N743_SAR_1125<br> 5027806 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2070 Fund

Class I Shares/TLCGX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle 2070 Fund for the period of September 30, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the period since inception? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $18 | 0.35% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 5114256 |
|  Total number of portfolio holdings |  | 18 |
|  Portfolio turnover (%) |  | 2% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g01a07.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds).

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87249N677_SAR_1125<br> 5027815 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2070 Fund

Premier Class Shares/TLCPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle 2070 Fund for the period of September 30, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the period since inception? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $18 | 0.35% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 5114256 |
|  Total number of portfolio holdings |  | 18 |
|  Portfolio turnover (%) |  | 2% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g44c83.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87249N644_SAR_1125<br> 5027815 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2070 Fund

Class R6 Shares/TLCRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle 2070 Fund for the period of September 30, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the period since inception? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $10 | 0.20% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 5114256 |
|  Total number of portfolio holdings |  | 18 |
|  Portfolio turnover (%) |  | 2% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g67g94.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds).

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87249N669_SAR_1125<br> 5027815 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g1g19w55.jpg) | Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle 2070 Fund

Retirement Class Shares/TLCOX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle 2070 Fund for the period of September 30, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the period since inception? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $23 | 0.45% |

---

\* The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 5114256 |
|  Total number of portfolio holdings |  | 18 |
|  Portfolio turnover (%) |  | 2% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g1g62l31.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds).

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87249N651_SAR_1125<br> 5027815 | ![LOGO](g95421g1g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index Retirement Income Fund

Class I Shares/TLIHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle Index Retirement Income Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at

https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $9 | 0.18% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $845268745 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 17% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g05u86.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245P841_SAR_1125<br> 5027828 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index Retirement Income Fund

Premier Class Shares/TLIPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle Index Retirement Income Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at

https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 845268745 |
|  Total number of portfolio holdings |  | 9 |
|  Portfolio turnover (%) |  | 17% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g32z25.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M624_SAR_1125<br> 5027828 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index Retirement Income Fund

Class R6 Shares/TRILX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle Index Retirement Income Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $845268745 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 17% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g01g07.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M731_SAR_1125<br> 5027828 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index Retirement Income Fund

Retirement Class Shares/TRCIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle Index Retirement Income Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at

https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $18 | 0.35% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 845268745 |
|  Total number of portfolio holdings |  | 9 |
|  Portfolio turnover (%) |  | 17% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g35c80.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M889_SAR_1125<br> 5027828 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2010 Fund

Class I Shares/TLTHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle Index 2010 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $6 | 0.12% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $661057279 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 14% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g17g72.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245P833_SAR_1125<br> 5027839 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2010 Fund

Premier Class Shares/TLTPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle Index 2010 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $661057279 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 14% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g68v16.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M723_SAR_1125<br> 5027839 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2010 Fund

Class R6 Shares/TLTIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle Index 2010 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $661057279 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 14% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g01g01.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M830_SAR_1125<br> 5027839 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2010 Fund

Retirement Class Shares/TLTRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle Index 2010 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at

https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $18 | 0.35% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $661057279 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 14% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g00j25.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M202_SAR_1125<br> 5027839 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2015 Fund

Class I Shares/TLFAX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle Index 2015 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $6 | 0.12% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $1010507786 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 13% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g38t95.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245P825_SAR_1125<br> 5027845 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2015 Fund

Premier Class Shares/TLFPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle Index 2015 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $1010507786 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 13% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g45t54.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M715_SAR_1125<br> 5027845 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2015 Fund

Class R6 Shares/TLFIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle Index 2015 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $1010507786 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 13% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g14v01.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M822_SAR_1125<br> 5027845 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2015 Fund

Retirement Class Shares/TLGRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle Index 2015 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $18 | 0.35% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $1010507786 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 13% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g73c45.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M301_SAR_1125<br> 5027845 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2020 Fund

Class I Shares/TLWHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle Index 2020 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $6 | 0.12% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $3031373695 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 11% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g08v36.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245P817_SAR_1125<br> 5027862 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2020 Fund

Premier Class Shares/TLWPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle Index 2020 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $3031373695 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 11% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g01g19.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M699_SAR_1125<br> 5027862 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2020 Fund

Class R6 Shares/TLWIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle Index 2020 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $3031373695 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 11% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g01g19.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M814_SAR_1125<br> 5027862 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2020 Fund

Retirement Class Shares/TLWRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle Index 2020 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at

https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $18 | 0.35% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $3031373695 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 11% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g01g19.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M400_SAR_1125<br> 5027862 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2025 Fund

Class I Shares/TLQHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle Index 2025 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $6 | 0.12% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $6268822811 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 10% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g57p84.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245P791_SAR_1125<br> 5027874 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2025 Fund

Premier Class Shares/TLVPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle Index 2025 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $6268822811 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 10% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g11i05.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M681_SAR_1125<br> 5027874 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2025 Fund

Class R6 Shares/TLQIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle Index 2025 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $6268822811 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 10% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g11i05.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M798_SAR_1125<br> 5027874 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2025 Fund

Retirement Class Shares/TLQRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle Index 2025 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $18 | 0.35% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $6268822811 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 10% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g70k49.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M509_SAR_1125<br> 5027874 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2030 Fund

Class I Shares/TLHHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle Index 2030 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $6 | 0.12% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $9571527770 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 10% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g72y05.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245P783_SAR_1125<br> 5027886 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2030 Fund

Premier Class Shares/TLHPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle Index 2030 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at

https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $9571527770 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 10% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g12r04.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M673_SAR_1125<br> 5027886 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2030 Fund

Class R6 Shares/TLHIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle Index 2030 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $9571527770 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 10% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g16k00.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M780_SAR_1125<br> 5027886 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2030 Fund

Retirement Class Shares/TLHRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle Index 2030 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at

https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $18 | 0.35% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $9571527770 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 10% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g23c02.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M608_SAR_1125<br> 5027886 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2035 Fund

Class I Shares/TLYHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle Index 2035 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $6 | 0.12% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $10622682795 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 10% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g49n77.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245P775_SAR_1125<br> 5027893 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2035 Fund

Premier Class Shares/TLYPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle Index 2035 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $10622682795 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 10% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g14v03.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M665_SAR_1125<br> 5027893 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2035 Fund

Class R6 Shares/TLYIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle Index 2035 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $10622682795 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 10% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g14v03.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M772_SAR_1125<br> 5027893 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2035 Fund

Retirement Class Shares/TLYRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle Index 2035 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $18 | 0.35% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $10622682795 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 10% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g14v03.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M707_SAR_1125<br> 5027893 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2040 Fund

Class I Shares/TLZHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle Index 2040 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $6 | 0.12% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $11125465577 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 8% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g99y71.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245P767_SAR_1125<br> 5027898 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2040 Fund

Premier Class Shares/TLPRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle Index 2040 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $11125465577 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 8% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g99v40.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M657_SAR_1125<br> 5027898 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2040 Fund

Class R6 Shares/TLZIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle Index 2040 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $11125465577 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 8% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g14v04.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M764_SAR_1125<br> 5027898 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2040 Fund

Retirement Class Shares/TLZRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle Index 2040 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $19 | 0.35% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $11125465577 |
|  Total number of portfolio holdings | 9 |
|  Portfolio turnover (%) | 8% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g68u79.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M806_SAR_1125<br> 5027898 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2045 Fund

Class I Shares/TLMHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle Index 2045 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $6 | 0.12% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $9833756739 |
|  Total number of portfolio holdings | 7 |
|  Portfolio turnover (%) | 10% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g01f49.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245P759_SAR_1125<br> 5027921 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2045 Fund

Premier Class Shares/TLMPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle Index 2045 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $9833756739 |
|  Total number of portfolio holdings | 7 |
|  Portfolio turnover (%) | 10% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g22s88.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M640_SAR_1125<br> 5027921 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2045 Fund

Class R6 Shares/TLXIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle Index 2045 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $9833756739 |
|  Total number of portfolio holdings | 7 |
|  Portfolio turnover (%) | 10% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g49g49.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M756_SAR_1125<br> 5027921 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2045 Fund

Retirement Class Shares/TLMRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle Index 2045 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at

https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $19 | 0.35% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $9833756739 |
|  Total number of portfolio holdings | 7 |
|  Portfolio turnover (%) | 10% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g46h10.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M863_SAR_1125<br> 5027921 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2050 Fund

Class I Shares/TLLHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle Index 2050 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $6 | 0.12% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $8502306499 |
|  Total number of portfolio holdings | 7 |
|  Portfolio turnover (%) | 6% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g13k68.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245P742_SAR_1125<br> 5027927 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2050 Fund

Premier Class Shares/TLLPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle Index 2050 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $8502306499 |
|  Total number of portfolio holdings | 7 |
|  Portfolio turnover (%) | 6% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g16p33.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M632_SAR_1125<br> 5027927 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2050 Fund

Class R6 Shares/TLLIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle Index 2050 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $8502306499 |
|  Total number of portfolio holdings | 7 |
|  Portfolio turnover (%) | 6% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g55g55.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M749_SAR_1125<br> 5027927 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2050 Fund

Retirement Class Shares/TLLRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle Index 2050 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at

https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $19 | 0.35% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $8502306499 |
|  Total number of portfolio holdings | 7 |
|  Portfolio turnover (%) | 6% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g22f99.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M871_SAR_1125<br> 5027927 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2055 Fund

Class I Shares/TTIHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle Index 2055 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $6 | 0.12% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $5499389925 |
|  Total number of portfolio holdings | 6 |
|  Portfolio turnover (%) | 7% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g93g93.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245P734_SAR_1125<br> 5027935 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2055 Fund

Premier Class Shares/TTIPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle Index 2055 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at

https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $5499389925 |
|  Total number of portfolio holdings | 6 |
|  Portfolio turnover (%) | 7% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g05y39.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M160_SAR_1125<br> 5027935 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2055 Fund

Class R6 Shares/TTIIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle Index 2055 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $5499389925 |
|  Total number of portfolio holdings | 6 |
|  Portfolio turnover (%) | 7% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g05y39.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M178_SAR_1125<br> 5027935 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2055 Fund

Retirement Class Shares/TTIRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle Index 2055 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at

https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $19 | 0.35% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 5499389925 |
|  Total number of portfolio holdings |  | 6 |
|  Portfolio turnover (%) |  | 7% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g61g61.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245M152_SAR_1125<br> 5027935 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2060 Fund

Class I Shares/TVIHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle Index 2060 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $6 | 0.12% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $3332810822 |
|  Total number of portfolio holdings | 6 |
|  Portfolio turnover (%) | 6% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g95g95.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245P726_SAR_1125<br> 5027940 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2060 Fund

Premier Class Shares/TVIPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle Index 2060 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $3332810822 |
|  Total number of portfolio holdings | 6 |
|  Portfolio turnover (%) | 6% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g91w75.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245R540_SAR_1125<br> 5027940 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2060 Fund

Class R6 Shares/TVIIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle Index 2060 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $3332810822 |
|  Total number of portfolio holdings | 6 |
|  Portfolio turnover (%) | 6% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g19o68.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245R565_SAR_1125<br> 5027940 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2060 Fund

Retirement Class Shares/TVITX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle Index 2060 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $19 | 0.35% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $3332810822 |
|  Total number of portfolio holdings | 6 |
|  Portfolio turnover (%) | 6% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g67t01.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87245R557_SAR_1125<br> 5027940 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2065 Fund

Class I Shares/TFIHX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle Index 2065 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $5 | 0.10% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $826837969 |
|  Total number of portfolio holdings | 6 |
|  Portfolio turnover (%) | 6% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g01p01.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87249N735_SAR_1125<br> 5027946 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2065 Fund

Premier Class Shares/TFIPX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle Index 2065 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $826837969 |
|  Total number of portfolio holdings | 6 |
|  Portfolio turnover (%) | 6% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g97g97.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87249N719_SAR_1125<br> 5027946 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2065 Fund

Class R6 Shares/TFITX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle Index 2065 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $826837969 |
|  Total number of portfolio holdings | 6 |
|  Portfolio turnover (%) | 6% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g03p03.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87249N727_SAR_1125<br> 5027946 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2065 Fund

Retirement Class Shares/TFIRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle Index 2065 Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at

https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $19 | 0.35% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $826837969 |
|  Total number of portfolio holdings | 6 |
|  Portfolio turnover (%) | 6% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g99p99.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds), except for repurchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87249N693_SAR_1125<br> 5027946 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2070 Fund

Class I Shares/TLICX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifecycle Index 2070 Fund for the period of September 30, 2025 to November 30, 2025. You can find additional information at

https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the period since inception? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $13 | 0.25% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 5103960 |
|  Total number of portfolio holdings |  | 5 |
|  Portfolio turnover (%) |  | 2% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g10g11.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87249N636_SAR_1125<br> 5027955 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2070 Fund

Premier Class Shares/TPREX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifecycle Index 2070 Fund for the period of September 30, 2025 to November 30, 2025. You can find additional information at

https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the period since inception? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 5103960 |
|  Total number of portfolio holdings |  | 5 |
|  Portfolio turnover (%) |  | 2% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g01g05.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87249N594_SAR_1125<br> 5027955 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2070 Fund

Class R6 Shares/TLCLX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifecycle Index 2070 Fund for the period of September 30, 2025 to November 30, 2025. You can find additional information at

https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the period since inception? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 5103960 |
|  Total number of portfolio holdings |  | 5 |
|  Portfolio turnover (%) |  | 2% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g01g05.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87249N628_SAR_1125<br> 5027955 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g2g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifecycle Index 2070 Fund

Retirement Class Shares/TRETX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifecycle Index 2070 Fund for the period of September 30, 2025 to November 30, 2025. You can find additional information at

https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What were the Fund costs for the period since inception? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $18 | 0.35% |

---

\* The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the income of all Underlying Funds. Annualized for period less than one year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Fund Statistics (as of November 30, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 5103960 |
|  Total number of portfolio holdings |  | 5 |
|  Portfolio turnover (%) |  | 2% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g2g10g07.jpg)

<sup>(1)</sup> Affiliated investment companies (Underlying Funds).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 87249N610_SAR_1125<br> 5027955 | ![LOGO](g95421g2g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Income Fund

Class A Shares/TSILX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class A Shares of the Nuveen Lifestyle Income Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class A Shares | $20 | 0.39% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $77087787 |
|  Total number of portfolio holdings | 17 |
|  Portfolio turnover (%) | 7% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g01n01.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R508_SAR_1125<br> 5027969 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Income Fund

Class I Shares/TSIHX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifestyle Income Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $11 | 0.21% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $77087787 |
|  Total number of portfolio holdings | 17 |
|  Portfolio turnover (%) | 7% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g54u91.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R268_SAR_1125<br> 5027969 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Income Fund

Premier Class Shares/TSIPX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifestyle Income Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $77087787 |
|  Total number of portfolio holdings | 17 |
|  Portfolio turnover (%) | 7% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g18z47.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R706_SAR_1125<br> 5027969 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Income Fund

Class R6 Shares/TSITX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifestyle Income Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $77087787 |
|  Total number of portfolio holdings | 17 |
|  Portfolio turnover (%) | 7% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g70n87.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R607_SAR_1125<br> 5027969 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Income Fund

Retirement Class Shares/TLSRX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifestyle Income Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $18 | 0.35% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $77087787 |
|  Total number of portfolio holdings | 17 |
|  Portfolio turnover (%) | 7% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g59e96.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R805_SAR_1125<br> 5027969 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Conservative Fund

Class A Shares/TSCLX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class A Shares of the Nuveen Lifestyle Conservative Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class A Shares | $20 | 0.39% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $325554431 |
|  Total number of portfolio holdings | 18 |
|  Portfolio turnover (%) | 9% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g11n11.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R888_SAR_1125<br> 5027979 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Conservative Fund

Class I Shares/TLSHX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifestyle Conservative Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $9 | 0.17% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $325554431 |
|  Total number of portfolio holdings | 18 |
|  Portfolio turnover (%) | 9% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g30z96.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R250_SAR_1125<br> 5027979 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Conservative Fund

Premier Class Shares/TLSPX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifestyle Conservative Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $325554431 |
|  Total number of portfolio holdings | 18 |
|  Portfolio turnover (%) | 9% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g65h91.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787

---

| | |
|:---|:---|
| 87245R862_SAR_1125<br> 5027979 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Conservative Fund

Class R6 Shares/TCSIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifestyle Conservative Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $325554431 |
|  Total number of portfolio holdings | 18 |
|  Portfolio turnover (%) | 9% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g65x05.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R870_SAR_1125<br> 5027979 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Conservative Fund

Retirement Class Shares/TSCTX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifestyle Conservative Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $18 | 0.35% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $325554431 |
|  Total number of portfolio holdings | 18 |
|  Portfolio turnover (%) | 9% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g69g05.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R854_SAR_1125<br> 5027979 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Moderate Fund

Class A Shares/TSMLX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class A Shares of the Nuveen Lifestyle Moderate Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class A Shares | $21 | 0.40% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $606275283 |
|  Total number of portfolio holdings | 16 |
|  Portfolio turnover (%) | 10% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g21n21.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R847_SAR_1125<br> 5027986 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Moderate Fund

Class I Shares/TSMHX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifestyle Moderate Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $9 | 0.17% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $606275283 |
|  Total number of portfolio holdings | 16 |
|  Portfolio turnover (%) | 10% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g42t53.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R243_SAR_1125<br> 5027986 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Moderate Fund

Premier Class Shares/TSMPX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifestyle Moderate Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $606275283 |
|  Total number of portfolio holdings | 16 |
|  Portfolio turnover (%) | 10% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g69l66.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R821_SAR_1125<br> 5027986 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Moderate Fund

Class R6 Shares/TSIMX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifestyle Moderate Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $606275283 |
|  Total number of portfolio holdings | 16 |
|  Portfolio turnover (%) | 10% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g10s06.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R839_SAR_1125<br> 5027986 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Moderate Fund

Retirement Class Shares/TSMTX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifestyle Moderate Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $18 | 0.35% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $606275283 |
|  Total number of portfolio holdings | 16 |
|  Portfolio turnover (%) | 10% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g55g92.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R813_SAR_1125<br> 5027986 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Growth Fund

Class A Shares/TSGLX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class A Shares of the Nuveen Lifestyle Growth Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class A Shares | $21 | 0.40% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $335644628 |
|  Total number of portfolio holdings | 16 |
|  Portfolio turnover (%) | 11% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g31n31.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R797_SAR_1125<br> 5027995 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Growth Fund

Class I Shares/TSGHX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifestyle Growth Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $10 | 0.18% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $335644628 |
|  Total number of portfolio holdings | 16 |
|  Portfolio turnover (%) | 11% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g12g58.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R235_SAR_1125<br> 5027995 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Growth Fund

Premier Class Shares/TSGPX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifestyle Growth Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $335644628 |
|  Total number of portfolio holdings | 16 |
|  Portfolio turnover (%) | 11% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g88f08.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R771_SAR_1125<br> 5027995 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Growth Fund

Class R6 Shares/TSGGX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifestyle Growth Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $335644628 |
|  Total number of portfolio holdings | 16 |
|  Portfolio turnover (%) | 11% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g79n53.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R789_SAR_1125<br> 5027995 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Growth Fund

Retirement Class Shares/TSGRX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifestyle Growth Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $19 | 0.35% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $335644628 |
|  Total number of portfolio holdings | 16 |
|  Portfolio turnover (%) | 11% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g98l28.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R763_SAR_1125<br> 5027995 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Aggressive Growth Fund

Class A Shares/TSALX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class A Shares of the Nuveen Lifestyle Aggressive Growth Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class A Shares | $23 | 0.42% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $274405602 |
|  Total number of portfolio holdings | 15 |
|  Portfolio turnover (%) | 13% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g41n41.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R755_SAR_1125<br> 5028002 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Aggressive Growth Fund

Class I Shares/TSAHX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Lifestyle Aggressive Growth Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $10 | 0.18% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $274405602 |
|  Total number of portfolio holdings | 15 |
|  Portfolio turnover (%) | 13% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g53i19.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R227_SAR_1125<br> 5028002 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Aggressive Growth Fund

Premier Class Shares/TSAPX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Premier Class Shares of the Nuveen Lifestyle Aggressive Growth Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Premier Class Shares | $13 | 0.25% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $274405602 |
|  Total number of portfolio holdings | 15 |
|  Portfolio turnover (%) | 13% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g76v43.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R730_SAR_1125<br> 5028002 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Aggressive Growth Fund

Class R6 Shares/TSAIX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Lifestyle Aggressive Growth Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $5 | 0.10% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $274405602 |
|  Total number of portfolio holdings | 15 |
|  Portfolio turnover (%) | 13% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g62y49.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R748_SAR_1125<br> 5028002 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Lifestyle Aggressive Growth Fund

Retirement Class Shares/TSARX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Lifestyle Aggressive Growth Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $19 | 0.35% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $274405602 |
|  Total number of portfolio holdings | 15 |
|  Portfolio turnover (%) | 13% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g71g56.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 87245R722_SAR_1125<br> 5028002 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Managed Allocation Fund

Class A Shares/TIMRX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class A Shares of the Nuveen Managed Allocation Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class A Shares | $13 | 0.25% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $938311090 |
|  Total number of portfolio holdings | 16 |
|  Portfolio turnover (%) | 9% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g51n51.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 886315845_SAR_1125<br> 5028011 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Managed Allocation Fund

Class R6 Shares/TIMIX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Managed Allocation Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $0 | 0.00% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $938311090 |
|  Total number of portfolio holdings | 16 |
|  Portfolio turnover (%) | 9% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g35k33.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 886315837_SAR_1125<br> 5028011 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g95421g3g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>November 30, 2025  |

---

Nuveen Managed Allocation Fund

Retirement Class Shares/TITRX

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Retirement Class Shares of the Nuveen Managed Allocation Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses**.** You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Retirement Class Shares | $13 | 0.25% |

---

\* The Fund's ratios do not include the expenses or income of the Underlying Funds. Annualized for period less than one year.

Fund Statistics (as of November 30, 2025)

---

| | |
|:---|:---|
|  Fund net assets | $938311090 |
|  Total number of portfolio holdings | 16 |
|  Portfolio turnover (%) | 9% |

---

What did the Fund invest in? (as of November 30, 2025)

![LOGO](g95421g3g68n88.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) Affiliated investment companies (Underlying Funds), except for repurchase agreements.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 886315829_SAR_1125<br> 5028011 | ![LOGO](g95421g3g85u20.jpg) |

---

2.0 ------

**Item 2.** **Code of Ethics.** <br>

Not applicable to this filing.

------

**Item 3.** **Audit Committee Financial Expert.** <br>

Not applicable to this filing.

------

**Item 4.** **Principal Accountant Fees and Services.** <br>

Not applicable to this filing.

------

**Item 5.** **Audit Committee of Listed Registrants.** <br>

Not applicable to this registrant.

------

**Item 6.** **Investments.** <br>

(a) Schedule of Investments is included as part of the financial statements filed under Item 7 of this Form N-CSR.

(b) Not applicable.

------

**Item 7.** **Financial Statements and Financial Highlights for Open-End Management Investment Companies.** <br>

------

Portfolio of Investments November 30, 2025

Lifecycle Retirement Income

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.9%(a)

DIRECT REAL ESTATE—4.3%

1,806,597

(b) Nuveen Real Property Fund LP (purchased 8/01/16-11/19/25; cost $18,534,971)

$

17,379,466

TOTAL DIRECT REAL ESTATE

17,379,466

FIXED INCOME—30.3%

5,435,408

Nuveen Core Bond Fund, Class W

50,712,357

4,252,471

Nuveen Core Plus Bond Fund, Class W

39,760,608

852,508

Nuveen Floating Rate Income Fund, Class R6

15,328,097

2,009,661

Nuveen High Yield Fund, Class W

17,885,986

TOTAL FIXED INCOME

123,687,048

INFLATION-PROTECTED ASSETS—10.0%

3,730,802

Nuveen Inflation Linked Bond Fund, Class W

40,777,664

TOTAL INFLATION-PROTECTED ASSETS

40,777,664

INTERNATIONAL EQUITY—12.5%

846,834

Nuveen Emerging Markets Equity Fund, Class W

8,773,201

786,479

Nuveen International Equity Fund, Class W

13,637,545

848,262

Nuveen International Opportunities Fund, Class W

14,954,864

177,997

Nuveen International Value Fund, Class I

6,470,185

507,965

Nuveen Quant International Small Cap Equity Fund, Class W

7,111,511

TOTAL INTERNATIONAL EQUITY

50,947,306

INTERNATIONAL FIXED INCOME—9.6%

1,924,137

Nuveen Emerging Markets Debt Fund, Class W

17,682,823

2,378,390

Nuveen International Bond Fund, Class W

21,548,217

TOTAL INTERNATIONAL FIXED INCOME

39,231,040

SHORT-TERM FIXED INCOME—10.0%

3,987,963

Nuveen Short Term Bond Fund, Class W

40,756,982

TOTAL SHORT-TERM FIXED INCOME

40,756,982

U.S. EQUITY—23.2%

744,224

Nuveen Core Equity Fund, Class W

12,748,552

224,938

Nuveen Dividend Growth Fund, Class R6

15,331,754

851,817

Nuveen Dividend Value Fund, Class R6

13,978,321

382,919

Nuveen Growth Opportunities ETF

15,446,569

489,924

Nuveen Large Cap Growth Fund, Class W

16,417,361

573,455

Nuveen Large Cap Value Fund, Class W

14,703,388

65,830

Nuveen Quant Small Cap Equity Fund, Class W

1,408,769

80,151

Nuveen Small Cap Select Fund, Class R6

1,344,937

193,189

Nuveen Quant Small/Mid Cap Equity Fund, Class W

3,307,397

TOTAL U.S. EQUITY

94,687,048

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $347,632,469)

407,466,554

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.1%

REPURCHASE AGREEMENT—0.1%

$360,000

(c) Fixed Income Clearing Corporation

.080

%

12/01/25

360,000

TOTAL REPURCHASE AGREEMENT

360,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $360,000)

360,000

TOTAL INVESTMENTS—100.0%

(Cost $347,992,469)

407,826,554

OTHER ASSETS & LIABILITIES, NET—0.0%

68,270

NET ASSETS—100.0%

$

407,894,824

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Restricted security.

(c) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $360,122 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $367,259.

Lifecycle 2010

Portfolio of Investments November 30, 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.9%(a)

DIRECT REAL ESTATE—2.0%

1,437,301

(b) Nuveen Real Property Fund LP (purchased 7/01/16-4/09/25; cost $14,516,621)

$

13,826,836

TOTAL DIRECT REAL ESTATE

13,826,836

FIXED INCOME—30.3%

9,317,488

Nuveen Core Bond Fund, Class W

86,932,166

7,106,651

Nuveen Core Plus Bond Fund, Class W

66,447,186

1,443,672

Nuveen Floating Rate Income Fund, Class R6

25,957,226

3,423,836

Nuveen High Yield Fund, Class W

30,472,143

TOTAL FIXED INCOME

209,808,721

INFLATION-PROTECTED ASSETS—10.0%

6,324,743

Nuveen Inflation Linked Bond Fund, Class W

69,129,446

TOTAL INFLATION-PROTECTED ASSETS

69,129,446

INTERNATIONAL EQUITY—11.4%

1,325,134

Nuveen Emerging Markets Equity Fund, Class W

13,728,393

1,219,382

Nuveen International Equity Fund, Class W

21,144,092

1,306,167

Nuveen International Opportunities Fund, Class W

23,027,730

277,831

Nuveen International Value Fund, Class I

10,099,144

788,382

Nuveen Quant International Small Cap Equity Fund, Class W

11,037,346

TOTAL INTERNATIONAL EQUITY

79,036,705

INTERNATIONAL FIXED INCOME—9.7%

3,280,309

Nuveen Emerging Markets Debt Fund, Class W

30,146,040

4,068,191

Nuveen International Bond Fund, Class W

36,857,807

TOTAL INTERNATIONAL FIXED INCOME

67,003,847

SHORT-TERM FIXED INCOME—15.3%

10,393,728

Nuveen Short Term Bond Fund, Class W

106,223,901

TOTAL SHORT-TERM FIXED INCOME

106,223,901

U.S. EQUITY—21.2%

1,155,458

Nuveen Core Equity Fund, Class W

19,792,998

350,174

Nuveen Dividend Growth Fund, Class R6

23,867,835

1,324,627

Nuveen Dividend Value Fund, Class R6

21,737,134

599,554

Nuveen Growth Opportunities ETF

24,185,409

757,380

Nuveen Large Cap Growth Fund, Class W

25,379,801

891,808

Nuveen Large Cap Value Fund, Class W

22,865,965

101,695

Nuveen Quant Small Cap Equity Fund, Class W

2,176,276

124,194

Nuveen Small Cap Select Fund, Class R6

2,083,972

299,360

Nuveen Quant Small/Mid Cap Equity Fund, Class W

5,125,037

TOTAL U.S. EQUITY

147,214,427

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $585,758,375)

692,243,883

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.1%

REPURCHASE AGREEMENT—0.1%

$600,000

(c) Fixed Income Clearing Corporation

.080

%

12/01/25

600,000

TOTAL REPURCHASE AGREEMENT

600,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $600,000)

600,000

TOTAL INVESTMENTS—100.0%

(Cost $586,358,375)

692,843,883

OTHER ASSETS & LIABILITIES, NET—(0.0)%

(98,272)

NET ASSETS—100.0%

$

692,745,611

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Restricted security.

(c) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $600,204 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $612,165.

Portfolio of Investments November 30, 2025

Lifecycle 2015

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.9%(a)

DIRECT REAL ESTATE—4.1%

4,196,457

(b) Nuveen Real Property Fund LP (purchased 11/28/16-4/09/25; cost $42,940,920)

$

40,369,914

TOTAL DIRECT REAL ESTATE

40,369,914

FIXED INCOME—30.3%

13,137,895

Nuveen Core Bond Fund, Class W

122,576,558

9,996,008

Nuveen Core Plus Bond Fund, Class W

93,462,674

2,031,198

Nuveen Floating Rate Income Fund, Class R6

36,520,936

4,818,726

Nuveen High Yield Fund, Class W

42,886,663

TOTAL FIXED INCOME

295,446,831

INFLATION-PROTECTED ASSETS—10.0%

8,917,229

Nuveen Inflation Linked Bond Fund, Class W

97,465,309

TOTAL INFLATION-PROTECTED ASSETS

97,465,309

INTERNATIONAL EQUITY—12.4%

2,028,560

Nuveen Emerging Markets Equity Fund, Class W

21,015,887

1,867,909

Nuveen International Equity Fund, Class W

32,389,534

1,994,124

Nuveen International Opportunities Fund, Class W

35,156,404

424,983

Nuveen International Value Fund, Class I

15,448,120

1,206,093

Nuveen Quant International Small Cap Equity Fund, Class W

16,885,295

TOTAL INTERNATIONAL EQUITY

120,895,240

INTERNATIONAL FIXED INCOME—9.7%

4,639,892

Nuveen Emerging Markets Debt Fund, Class W

42,640,611

5,764,418

Nuveen International Bond Fund, Class W

52,225,631

TOTAL INTERNATIONAL FIXED INCOME

94,866,242

SHORT-TERM FIXED INCOME—10.3%

9,837,022

Nuveen Short Term Bond Fund, Class W

100,534,360

TOTAL SHORT-TERM FIXED INCOME

100,534,360

U.S. EQUITY—23.1%

1,769,387

Nuveen Core Equity Fund, Class W

30,309,595

533,001

Nuveen Dividend Growth Fund, Class R6

36,329,360

2,029,171

Nuveen Dividend Value Fund, Class R6

33,298,689

925,765

Nuveen Growth Opportunities ETF

37,344,434

1,159,797

Nuveen Large Cap Growth Fund, Class W

38,864,805

1,366,156

Nuveen Large Cap Value Fund, Class W

35,028,236

156,266

Nuveen Quant Small Cap Equity Fund, Class W

3,344,082

190,256

Nuveen Small Cap Select Fund, Class R6

3,192,504

458,576

Nuveen Quant Small/Mid Cap Equity Fund, Class W

7,850,823

TOTAL U.S. EQUITY

225,562,528

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $846,399,594)

975,140,424

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.1%

REPURCHASE AGREEMENT—0.1%

$840,000

(c) Fixed Income Clearing Corporation

.080

%

12/01/25

840,000

TOTAL REPURCHASE AGREEMENT

840,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $840,000)

840,000

TOTAL INVESTMENTS—100.0%

(Cost $847,239,594)

975,980,424

OTHER ASSETS & LIABILITIES, NET—0.0%

35,889

NET ASSETS—100.0%

$

976,016,313

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Restricted security.

(c) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $840,286 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.875% and maturity date 5/31/27, valued at $856,913.

Lifecycle 2020

Portfolio of Investments November 30, 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—100.0%(a)

DIRECT REAL ESTATE—4.3%

9,276,611

(b) Nuveen Real Property Fund LP (purchased 11/28/16-8/01/25; cost $95,693,601)

$

89,240,999

TOTAL DIRECT REAL ESTATE

89,240,999

FIXED INCOME—29.5%

27,473,199

Nuveen Core Bond Fund, Class W

256,324,942

20,904,335

Nuveen Core Plus Bond Fund, Class W

195,455,537

4,243,887

Nuveen Floating Rate Income Fund, Class R6

76,305,083

10,079,877

Nuveen High Yield Fund, Class W

89,710,907

TOTAL FIXED INCOME

617,796,469

INFLATION-PROTECTED ASSETS—8.1%

15,543,767

Nuveen Inflation Linked Bond Fund, Class W

169,893,373

TOTAL INFLATION-PROTECTED ASSETS

169,893,373

INTERNATIONAL EQUITY—14.1%

5,019,401

Nuveen Emerging Markets Equity Fund, Class W

52,000,990

4,546,397

Nuveen International Equity Fund, Class W

78,834,518

4,845,837

Nuveen International Opportunities Fund, Class W

85,432,109

1,039,947

Nuveen International Value Fund, Class I

37,802,092

2,957,193

Nuveen Quant International Small Cap Equity Fund, Class W

41,400,705

TOTAL INTERNATIONAL EQUITY

295,470,414

INTERNATIONAL FIXED INCOME—9.5%

9,696,109

Nuveen Emerging Markets Debt Fund, Class W

89,107,240

12,082,421

Nuveen International Bond Fund, Class W

109,466,738

TOTAL INTERNATIONAL FIXED INCOME

198,573,978

SHORT-TERM FIXED INCOME—8.2%

16,689,497

Nuveen Short Term Bond Fund, Class W

170,566,663

TOTAL SHORT-TERM FIXED INCOME

170,566,663

U.S. EQUITY—26.3%

4,326,749

Nuveen Core Equity Fund, Class W

74,117,216

1,307,363

Nuveen Dividend Growth Fund, Class R6

89,109,844

4,950,899

Nuveen Dividend Value Fund, Class R6

81,244,256

2,249,481

Nuveen Growth Opportunities ETF

90,741,814

2,828,234

Nuveen Large Cap Growth Fund, Class W

94,774,122

3,333,145

Nuveen Large Cap Value Fund, Class W

85,461,839

390,012

Nuveen Quant Small Cap Equity Fund, Class W

8,346,252

464,074

Nuveen Small Cap Select Fund, Class R6

7,787,158

1,110,360

Nuveen Quant Small/Mid Cap Equity Fund, Class W

19,009,359

TOTAL U.S. EQUITY

550,591,860

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $1,776,650,745)

2,092,133,756

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.2%

REPURCHASE AGREEMENT—0.2%

$3,450,000

(c) Fixed Income Clearing Corporation

.080

%

12/01/25

3,450,000

TOTAL REPURCHASE AGREEMENT

3,450,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $3,450,000)

3,450,000

TOTAL INVESTMENTS—100.2%

(Cost $1,780,100,745)

2,095,583,756

OTHER ASSETS & LIABILITIES, NET—(0.2)%

(3,609,078)

NET ASSETS—100.0%

$

2,091,974,678

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Restricted security.

(c) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $3,451,173 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $3,519,093.

Portfolio of Investments November 30, 2025

Lifecycle 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.9%(a)

DIRECT REAL ESTATE—4.3%

15,019,563

(b) Nuveen Real Property Fund LP (purchased 8/01/16-11/19/25; cost $156,620,813)

$

144,488,196

TOTAL DIRECT REAL ESTATE

144,488,196

FIXED INCOME—28.8%

43,396,852

Nuveen Core Bond Fund, Class W

404,892,626

33,060,617

Nuveen Core Plus Bond Fund, Class W

309,116,770

6,703,668

Nuveen Floating Rate Income Fund, Class R6

120,531,956

15,965,133

Nuveen High Yield Fund, Class W

142,089,682

TOTAL FIXED INCOME

976,631,034

INFLATION-PROTECTED ASSETS—6.1%

18,991,387

Nuveen Inflation Linked Bond Fund, Class W

207,575,855

TOTAL INFLATION-PROTECTED ASSETS

207,575,855

INTERNATIONAL EQUITY—15.9%

9,092,845

Nuveen Emerging Markets Equity Fund, Class W

94,201,878

8,304,512

Nuveen International Equity Fund, Class W

144,000,241

8,848,170

Nuveen International Opportunities Fund, Class W

155,993,229

1,869,976

Nuveen International Value Fund, Class I

67,973,616

5,397,008

Nuveen Quant International Small Cap Equity Fund, Class W

75,558,111

TOTAL INTERNATIONAL EQUITY

537,727,075

INTERNATIONAL FIXED INCOME—9.2%

15,260,973

Nuveen Emerging Markets Debt Fund, Class W

140,248,343

18,936,101

Nuveen International Bond Fund, Class W

171,561,073

TOTAL INTERNATIONAL FIXED INCOME

311,809,416

SHORT-TERM FIXED INCOME—6.1%

20,372,830

Nuveen Short Term Bond Fund, Class W

208,210,325

TOTAL SHORT-TERM FIXED INCOME

208,210,325

U.S. EQUITY—29.5%

7,888,907

Nuveen Core Equity Fund, Class W

135,136,983

2,384,476

Nuveen Dividend Growth Fund, Class R6

162,525,853

9,009,135

Nuveen Dividend Value Fund, Class R6

147,839,901

4,061,889

Nuveen Growth Opportunities ETF

163,852,540

5,149,838

Nuveen Large Cap Growth Fund, Class W

172,571,081

6,055,108

Nuveen Large Cap Value Fund, Class W

155,252,965

697,794

Nuveen Quant Small Cap Equity Fund, Class W

14,932,795

805,581

Nuveen Small Cap Select Fund, Class R6

13,517,643

2,092,849

Nuveen Quant Small/Mid Cap Equity Fund, Class W

35,829,568

TOTAL U.S. EQUITY

1,001,459,329

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $2,808,438,879)

3,387,901,230

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.1%

REPURCHASE AGREEMENT—0.1%

$4,860,000

(c) Fixed Income Clearing Corporation

.080

%

12/01/25

4,860,000

TOTAL REPURCHASE AGREEMENT

4,860,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $4,860,000)

4,860,000

TOTAL INVESTMENTS—100.0%

(Cost $2,813,298,879)

3,392,761,230

OTHER ASSETS & LIABILITIES, NET—0.0%

612,390

NET ASSETS—100.0%

$

3,393,373,620

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Restricted security.

(c) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $4,861,652 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $4,957,389.

Lifecycle 2030

Portfolio of Investments November 30, 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.9%(a)

DIRECT REAL ESTATE—4.2%

20,164,564

(b) Nuveen Real Property Fund LP (purchased 8/01/16-11/19/25; cost $213,464,996)

$

193,983,102

TOTAL DIRECT REAL ESTATE

193,983,102

FIXED INCOME—25.6%

55,875,617

Nuveen Core Bond Fund, Class W

521,319,508

42,364,570

Nuveen Core Plus Bond Fund, Class W

396,108,728

6,516,765

Nuveen Floating Rate Income Fund, Class R6

117,171,434

15,318,250

Nuveen High Yield Fund, Class W

136,332,428

TOTAL FIXED INCOME

1,170,932,098

INFLATION-PROTECTED ASSETS—4.1%

17,275,917

Nuveen Inflation Linked Bond Fund, Class W

188,825,768

TOTAL INFLATION-PROTECTED ASSETS

188,825,768

INTERNATIONAL EQUITY—18.8%

14,489,309

Nuveen Emerging Markets Equity Fund, Class W

150,109,238

13,373,345

Nuveen International Equity Fund, Class W

231,893,801

14,172,047

Nuveen International Opportunities Fund, Class W

249,853,187

2,998,349

Nuveen International Value Fund, Class I

108,989,989

8,660,920

Nuveen Quant International Small Cap Equity Fund, Class W

121,252,881

TOTAL INTERNATIONAL EQUITY

862,099,096

INTERNATIONAL FIXED INCOME—7.9%

14,776,229

Nuveen Emerging Markets Debt Fund, Class W

135,793,545

24,774,281

Nuveen International Bond Fund, Class W

224,454,985

TOTAL INTERNATIONAL FIXED INCOME

360,248,530

SHORT-TERM FIXED INCOME—4.2%

18,519,254

Nuveen Short Term Bond Fund, Class W

189,266,771

TOTAL SHORT-TERM FIXED INCOME

189,266,771

U.S. EQUITY—35.1%

12,683,269

Nuveen Core Equity Fund, Class W

217,264,392

3,798,124

Nuveen Dividend Growth Fund, Class R6

258,880,098

14,445,340

Nuveen Dividend Value Fund, Class R6

237,048,029

6,512,065

Nuveen Growth Opportunities ETF

262,690,190

8,312,279

Nuveen Large Cap Growth Fund, Class W

278,544,475

9,725,080

Nuveen Large Cap Value Fund, Class W

249,351,049

1,108,252

Nuveen Quant Small Cap Equity Fund, Class W

23,716,590

1,306,072

Nuveen Small Cap Select Fund, Class R6

21,915,886

3,335,230

Nuveen Quant Small/Mid Cap Equity Fund, Class W

57,099,136

TOTAL U.S. EQUITY

1,606,509,845

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $3,669,791,165)

4,571,865,210

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.1%

REPURCHASE AGREEMENT—0.1%

$6,040,000

(c) Fixed Income Clearing Corporation

.080

%

12/01/25

6,040,000

TOTAL REPURCHASE AGREEMENT

6,040,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $6,040,000)

6,040,000

TOTAL INVESTMENTS—100.0%

(Cost $3,675,831,165)

4,577,905,210

OTHER ASSETS & LIABILITIES, NET—(0.0)%

(666,961)

NET ASSETS—100.0%

$

4,577,238,249

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Restricted security.

(c) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $6,042,054 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

2.500% and maturity date 3/31/27, valued at $6,160,864.

Portfolio of Investments November 30, 2025

Lifecycle 2035

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.9%(a)

DIRECT REAL ESTATE—4.2%

22,659,813

(b) Nuveen Real Property Fund LP (purchased 8/01/16-11/19/25; cost $241,966,003)

$

217,987,401

TOTAL DIRECT REAL ESTATE

217,987,401

FIXED INCOME—22.2%

58,331,200

Nuveen Core Bond Fund, Class W

544,230,094

44,433,484

Nuveen Core Plus Bond Fund, Class W

415,453,076

4,734,438

Nuveen Floating Rate Income Fund, Class R6

85,125,203

11,132,880

Nuveen High Yield Fund, Class W

99,082,630

TOTAL FIXED INCOME

1,143,891,003

INFLATION-PROTECTED ASSETS—2.1%

10,024,931

Nuveen Inflation Linked Bond Fund, Class W

109,572,496

TOTAL INFLATION-PROTECTED ASSETS

109,572,496

INTERNATIONAL EQUITY—21.9%

18,905,457

Nuveen Emerging Markets Equity Fund, Class W

195,860,538

17,512,273

Nuveen International Equity Fund, Class W

303,662,816

18,501,230

Nuveen International Opportunities Fund, Class W

326,176,678

3,932,951

Nuveen International Value Fund, Class I

142,962,767

11,373,862

Nuveen Quant International Small Cap Equity Fund, Class W

159,234,070

TOTAL INTERNATIONAL EQUITY

1,127,896,869

INTERNATIONAL FIXED INCOME—6.4%

10,741,880

Nuveen Emerging Markets Debt Fund, Class W

98,717,878

25,309,381

Nuveen International Bond Fund, Class W

229,302,987

TOTAL INTERNATIONAL FIXED INCOME

328,020,865

SHORT-TERM FIXED INCOME—2.2%

10,868,706

Nuveen Short Term Bond Fund, Class W

111,078,175

TOTAL SHORT-TERM FIXED INCOME

111,078,175

U.S. EQUITY—40.9%

16,602,300

Nuveen Core Equity Fund, Class W

284,397,407

4,972,294

Nuveen Dividend Growth Fund, Class R6

338,911,585

18,905,068

Nuveen Dividend Value Fund, Class R6

310,232,167

8,547,214

Nuveen Growth Opportunities ETF

344,786,066

10,864,423

Nuveen Large Cap Growth Fund, Class W

364,066,803

12,727,698

Nuveen Large Cap Value Fund, Class W

326,338,188

1,473,598

Nuveen Quant Small Cap Equity Fund, Class W

31,535,001

1,702,758

Nuveen Small Cap Select Fund, Class R6

28,572,279

4,318,445

Nuveen Quant Small/Mid Cap Equity Fund, Class W

73,931,778

TOTAL U.S. EQUITY

2,102,771,274

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $3,957,898,680)

5,141,218,083

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.1%

REPURCHASE AGREEMENT—0.1%

$7,810,000

(c) Fixed Income Clearing Corporation

.080

%

12/01/25

7,810,000

TOTAL REPURCHASE AGREEMENT

7,810,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $7,810,000)

7,810,000

TOTAL INVESTMENTS—100.0%

(Cost $3,965,708,680)

5,149,028,083

OTHER ASSETS & LIABILITIES, NET—(0.0)%

(1,569,959)

NET ASSETS—100.0%

$

5,147,458,124

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Restricted security.

(c) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $7,812,655 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $7,966,244.

Lifecycle 2040

Portfolio of Investments November 30, 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.9%(a)

DIRECT REAL ESTATE—4.2%

27,878,244

(b) Nuveen Real Property Fund LP (purchased 8/01/16-10/31/25; cost $295,872,560)

$

268,188,710

TOTAL DIRECT REAL ESTATE

268,188,710

FIXED INCOME—15.7%

54,373,289

Nuveen Core Bond Fund, Class W

507,302,786

41,139,944

Nuveen Core Plus Bond Fund, Class W

384,658,480

2,734,565

Nuveen Floating Rate Income Fund, Class R6

49,167,479

6,492,561

Nuveen High Yield Fund, Class W

57,783,794

TOTAL FIXED INCOME

998,912,539

INFLATION-PROTECTED ASSETS—0.2%

963,271

Nuveen Inflation Linked Bond Fund, Class W

10,528,551

TOTAL INFLATION-PROTECTED ASSETS

10,528,551

INTERNATIONAL EQUITY—26.3%

27,904,254

Nuveen Emerging Markets Equity Fund, Class W

289,088,070

25,817,167

Nuveen International Equity Fund, Class W

447,669,667

27,399,255

Nuveen International Opportunities Fund, Class W

483,048,867

5,911,885

Nuveen International Value Fund, Class I

214,897,029

16,727,791

Nuveen Quant International Small Cap Equity Fund, Class W

234,189,072

TOTAL INTERNATIONAL EQUITY

1,668,892,705

INTERNATIONAL FIXED INCOME—4.3%

6,278,965

Nuveen Emerging Markets Debt Fund, Class W

57,703,688

23,661,396

Nuveen International Bond Fund, Class W

214,372,252

TOTAL INTERNATIONAL FIXED INCOME

272,075,940

SHORT-TERM FIXED INCOME—0.2%

1,030,952

Nuveen Short Term Bond Fund, Class W

10,536,326

TOTAL SHORT-TERM FIXED INCOME

10,536,326

U.S. EQUITY—49.0%

24,620,260

Nuveen Core Equity Fund, Class W

421,745,058

7,368,684

Nuveen Dividend Growth Fund, Class R6

502,249,516

27,944,766

Nuveen Dividend Value Fund, Class R6

458,573,612

12,778,757

Nuveen Growth Opportunities ETF

515,482,279

16,131,927

Nuveen Large Cap Growth Fund, Class W

540,580,888

18,741,524

Nuveen Large Cap Value Fund, Class W

480,532,682

2,269,184

Nuveen Quant Small Cap Equity Fund, Class W

48,560,529

2,323,918

Nuveen Small Cap Select Fund, Class R6

38,995,341

6,310,255

Nuveen Quant Small/Mid Cap Equity Fund, Class W

108,031,557

TOTAL U.S. EQUITY

3,114,751,462

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $4,609,949,248)

6,343,886,233

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.1%

REPURCHASE AGREEMENT—0.1%

$8,040,000

(c) Fixed Income Clearing Corporation

.080

%

12/01/25

8,040,000

TOTAL REPURCHASE AGREEMENT

8,040,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $8,040,000)

8,040,000

TOTAL INVESTMENTS—100.0%

(Cost $4,617,989,248)

6,351,926,233

OTHER ASSETS & LIABILITIES, NET—(0.0)%

(742,546)

NET ASSETS—100.0%

$

6,351,183,687

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Restricted security.

(c) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $8,042,734 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.875% and maturity date 5/31/27, valued at $8,200,914.

Portfolio of Investments November 30, 2025

Lifecycle 2045

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.9%(a)

DIRECT REAL ESTATE—4.2%

20,829,522

(b) Nuveen Real Property Fund LP (purchased 8/01/16-10/31/25; cost $221,352,740)

$

200,380,003

TOTAL DIRECT REAL ESTATE

200,380,003

FIXED INCOME—8.9%

24,471,518

Nuveen Core Bond Fund, Class W

228,319,261

18,421,482

Nuveen Core Plus Bond Fund, Class W

172,240,855

612,282

Nuveen Floating Rate Income Fund, Class R6

11,008,823

1,409,066

Nuveen High Yield Fund, Class W

12,540,685

TOTAL FIXED INCOME

424,109,624

INTERNATIONAL EQUITY—29.5%

23,491,869

Nuveen Emerging Markets Equity Fund, Class W

243,375,762

21,704,944

Nuveen International Equity Fund, Class W

376,363,733

23,119,131

Nuveen International Opportunities Fund, Class W

407,590,274

4,962,584

Nuveen International Value Fund, Class I

180,389,927

14,053,617

Nuveen Quant International Small Cap Equity Fund, Class W

196,750,640

TOTAL INTERNATIONAL EQUITY

1,404,470,336

INTERNATIONAL FIXED INCOME—2.3%

1,362,708

Nuveen Emerging Markets Debt Fund, Class W

12,523,283

10,808,607

Nuveen International Bond Fund, Class W

97,925,982

TOTAL INTERNATIONAL FIXED INCOME

110,449,265

U.S. EQUITY—55.0%

20,675,097

Nuveen Core Equity Fund, Class W

354,164,405

6,193,009

Nuveen Dividend Growth Fund, Class R6

422,115,460

23,575,146

Nuveen Dividend Value Fund, Class R6

386,868,150

10,728,743

Nuveen Growth Opportunities ETF

432,786,764

13,528,533

Nuveen Large Cap Growth Fund, Class W

453,341,136

15,732,646

Nuveen Large Cap Value Fund, Class W

403,385,053

1,806,264

Nuveen Quant Small Cap Equity Fund, Class W

38,654,058

2,045,895

Nuveen Small Cap Select Fund, Class R6

34,330,123

5,298,957

Nuveen Quant Small/Mid Cap Equity Fund, Class W

90,718,150

TOTAL U.S. EQUITY

2,616,363,299

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $3,317,435,955)

4,755,772,527

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.1%

REPURCHASE AGREEMENT—0.1%

$6,990,000

(c) Fixed Income Clearing Corporation

.080

%

12/01/25

6,990,000

TOTAL REPURCHASE AGREEMENT

6,990,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $6,990,000)

6,990,000

TOTAL INVESTMENTS—100.0%

(Cost $3,324,425,955)

4,762,762,527

OTHER ASSETS & LIABILITIES, NET—(0.0)%

(1,942,862)

NET ASSETS—100.0%

$

4,760,819,665

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Restricted security.

(c) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $6,992,377 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

2.500% and maturity date 3/31/27, valued at $7,129,854.

Lifecycle 2050

Portfolio of Investments November 30, 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.9%(a)

DIRECT REAL ESTATE—4.2%

16,933,361

(b) Nuveen Real Property Fund LP (purchased 8/01/16-10/31/25; cost $179,784,596)

$

162,898,937

TOTAL DIRECT REAL ESTATE

162,898,937

FIXED INCOME—4.9%

11,578,119

Nuveen Core Bond Fund, Class W

108,023,848

8,734,297

Nuveen Core Plus Bond Fund, Class W

81,665,673

18,646

Nuveen Floating Rate Income Fund, Class R6

335,254

43,959

Nuveen High Yield Fund, Class W

391,236

TOTAL FIXED INCOME

190,416,011

INTERNATIONAL EQUITY—31.3%

20,262,171

Nuveen Emerging Markets Equity Fund, Class W

209,916,088

18,796,252

Nuveen International Equity Fund, Class W

325,927,003

20,049,650

Nuveen International Opportunities Fund, Class W

353,475,337

4,243,584

Nuveen International Value Fund, Class I

154,254,275

12,133,454

Nuveen Quant International Small Cap Equity Fund, Class W

169,868,358

TOTAL INTERNATIONAL EQUITY

1,213,441,061

INTERNATIONAL FIXED INCOME—1.2%

118,662

Nuveen Emerging Markets Debt Fund, Class W

1,090,508

5,097,890

Nuveen International Bond Fund, Class W

46,186,887

TOTAL INTERNATIONAL FIXED INCOME

47,277,395

U.S. EQUITY—58.3%

17,873,589

Nuveen Core Equity Fund, Class W

306,174,579

5,349,326

Nuveen Dividend Growth Fund, Class R6

364,610,075

20,319,065

Nuveen Dividend Value Fund, Class R6

333,435,857

9,174,723

Nuveen Growth Opportunities ETF

370,099,151

11,702,270

Nuveen Large Cap Growth Fund, Class W

392,143,052

13,638,984

Nuveen Large Cap Value Fund, Class W

349,703,544

1,642,757

Nuveen Quant Small Cap Equity Fund, Class W

35,154,997

1,760,824

Nuveen Small Cap Select Fund, Class R6

29,546,620

4,585,935

Nuveen Quant Small/Mid Cap Equity Fund, Class W

78,511,199

TOTAL U.S. EQUITY

2,259,379,074

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $2,699,755,720)

3,873,412,478

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.1%

REPURCHASE AGREEMENT—0.1%

$5,610,000

(c) Fixed Income Clearing Corporation

.080

%

12/01/25

5,610,000

TOTAL REPURCHASE AGREEMENT

5,610,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $5,610,000)

5,610,000

TOTAL INVESTMENTS—100.0%

(Cost $2,705,365,720)

3,879,022,478

OTHER ASSETS & LIABILITIES, NET—(0.0)%

(1,222,164)

NET ASSETS—100.0%

$

3,877,800,314

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Restricted security.

(c) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $5,611,907 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $5,722,243.

Portfolio of Investments November 30, 2025

Lifecycle 2055

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.8%(a)

DIRECT REAL ESTATE—4.2%

9,124,063

(b) Nuveen Real Property Fund LP (purchased 8/01/16-10/31/25; cost $97,631,777)

$

87,773,483

TOTAL DIRECT REAL ESTATE

87,773,483

FIXED INCOME—3.7%

4,755,530

Nuveen Core Bond Fund, Class W

44,369,091

3,552,749

Nuveen Core Plus Bond Fund, Class W

33,218,202

TOTAL FIXED INCOME

77,587,293

INTERNATIONAL EQUITY—31.8%

11,148,579

Nuveen Emerging Markets Equity Fund, Class W

115,499,275

10,292,834

Nuveen International Equity Fund, Class W

178,477,744

11,006,641

Nuveen International Opportunities Fund, Class W

194,047,076

2,330,597

Nuveen International Value Fund, Class I

84,717,213

6,621,245

Nuveen Quant International Small Cap Equity Fund, Class W

92,697,424

TOTAL INTERNATIONAL EQUITY

665,438,732

INTERNATIONAL FIXED INCOME—0.9%

2,114,276

Nuveen International Bond Fund, Class W

19,155,340

TOTAL INTERNATIONAL FIXED INCOME

19,155,340

U.S. EQUITY—59.2%

9,785,135

Nuveen Core Equity Fund, Class W

167,619,356

2,931,521

Nuveen Dividend Growth Fund, Class R6

199,812,441

11,137,999

Nuveen Dividend Value Fund, Class R6

182,774,558

5,030,404

Nuveen Growth Opportunities ETF

202,921,467

6,417,568

Nuveen Large Cap Growth Fund, Class W

215,052,703

7,506,104

Nuveen Large Cap Value Fund, Class W

192,456,504

874,135

Nuveen Quant Small Cap Equity Fund, Class W

18,706,487

1,024,644

Nuveen Small Cap Select Fund, Class R6

17,193,535

2,509,036

Nuveen Quant Small/Mid Cap Equity Fund, Class W

42,954,695

TOTAL U.S. EQUITY

1,239,491,746

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $1,505,158,486)

2,089,446,594

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.2%

REPURCHASE AGREEMENT—0.2%

$3,840,000

(c) Fixed Income Clearing Corporation

.080

%

12/01/25

3,840,000

TOTAL REPURCHASE AGREEMENT

3,840,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $3,840,000)

3,840,000

TOTAL INVESTMENTS—100.0%

(Cost $1,508,998,486)

2,093,286,594

OTHER ASSETS & LIABILITIES, NET—(0.0)%

(1,024,931)

NET ASSETS—100.0%

$

2,092,261,663

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Restricted security.

(c) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $3,841,306 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.875% and maturity date 5/31/27, valued at $3,916,964.

Lifecycle 2060

Portfolio of Investments November 30, 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.9%(a)

DIRECT REAL ESTATE—4.2%

4,395,721

(b) Nuveen Real Property Fund LP (purchased 8/01/16-11/19/25; cost $46,904,188)

$

42,286,833

TOTAL DIRECT REAL ESTATE

42,286,833

FIXED INCOME—2.7%

1,683,851

Nuveen Core Bond Fund, Class W

15,710,328

1,267,548

Nuveen Core Plus Bond Fund, Class W

11,851,576

TOTAL FIXED INCOME

27,561,904

INTERNATIONAL EQUITY—32.3%

5,473,674

Nuveen Emerging Markets Equity Fund, Class W

56,707,261

5,064,476

Nuveen International Equity Fund, Class W

87,818,009

5,405,284

Nuveen International Opportunities Fund, Class W

95,295,156

1,131,730

Nuveen International Value Fund, Class I

41,138,374

3,230,706

Nuveen Quant International Small Cap Equity Fund, Class W

45,229,878

TOTAL INTERNATIONAL EQUITY

326,188,678

INTERNATIONAL FIXED INCOME—0.7%

743,278

Nuveen International Bond Fund, Class W

6,734,100

TOTAL INTERNATIONAL FIXED INCOME

6,734,100

U.S. EQUITY—60.0%

4,860,706

Nuveen Core Equity Fund, Class W

83,263,902

1,440,552

Nuveen Dividend Growth Fund, Class R6

98,188,008

5,452,488

Nuveen Dividend Value Fund, Class R6

89,475,335

2,424,681

Nuveen Growth Opportunities ETF

97,809,207

3,143,307

Nuveen Large Cap Growth Fund, Class W

105,332,218

3,663,977

Nuveen Large Cap Value Fund, Class W

93,944,362

438,611

Nuveen Quant Small Cap Equity Fund, Class W

9,386,275

496,432

Nuveen Small Cap Select Fund, Class R6

8,330,126

1,226,614

Nuveen Quant Small/Mid Cap Equity Fund, Class W

20,999,637

TOTAL U.S. EQUITY

606,729,070

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $762,573,759)

1,009,500,585

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.2%

REPURCHASE AGREEMENT—0.2%

$2,210,000

(c) Fixed Income Clearing Corporation

.080

%

12/01/25

2,210,000

TOTAL REPURCHASE AGREEMENT

2,210,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $2,210,000)

2,210,000

TOTAL INVESTMENTS—100.1%

(Cost $764,783,759)

1,011,710,585

OTHER ASSETS & LIABILITIES, NET—(0.1)%

(511,936)

NET ASSETS—100.0%

$

1,011,198,649

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Restricted security.

(c) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $2,210,751 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $2,254,314.

Portfolio of Investments November 30, 2025

Lifecycle 2065

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.8%(a)

DIRECT REAL ESTATE—4.1%

812,944

(b) Nuveen Real Property Fund LP (purchased 9/30/20-11/19/25; cost $8,377,642)

$

7,820,524

TOTAL DIRECT REAL ESTATE

7,820,524

FIXED INCOME—1.8%

201,800

Nuveen Core Bond Fund, Class W

1,882,796

151,910

Nuveen Core Plus Bond Fund, Class W

1,420,355

TOTAL FIXED INCOME

3,303,151

INTERNATIONAL EQUITY—32.7%

1,038,942

Nuveen Emerging Markets Equity Fund, Class W

10,763,437

950,870

Nuveen International Equity Fund, Class W

16,488,080

1,031,092

Nuveen International Opportunities Fund, Class W

18,178,156

214,403

Nuveen International Value Fund, Class I

7,793,557

610,421

Nuveen Quant International Small Cap Equity Fund, Class W

8,545,890

TOTAL INTERNATIONAL EQUITY

61,769,120

INTERNATIONAL FIXED INCOME—0.4%

90,429

Nuveen International Bond Fund, Class W

819,291

TOTAL INTERNATIONAL FIXED INCOME

819,291

U.S. EQUITY—60.8%

908,324

Nuveen Core Equity Fund, Class W

15,559,591

274,219

Nuveen Dividend Growth Fund, Class R6

18,690,792

1,032,941

Nuveen Dividend Value Fund, Class R6

16,950,557

446,148

Nuveen Growth Opportunities ETF

17,997,164

608,008

Nuveen Large Cap Growth Fund, Class W

20,374,365

695,444

Nuveen Large Cap Value Fund, Class W

17,831,177

79,546

Nuveen Quant Small Cap Equity Fund, Class W

1,702,279

96,850

Nuveen Small Cap Select Fund, Class R6

1,625,143

233,439

Nuveen Quant Small/Mid Cap Equity Fund, Class W

3,996,480

TOTAL U.S. EQUITY

114,727,548

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $152,884,469)

188,439,634

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.3%

REPURCHASE AGREEMENT—0.3%

$630,000

(c) Fixed Income Clearing Corporation

.080

%

12/01/25

630,000

TOTAL REPURCHASE AGREEMENT

630,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $630,000)

630,000

TOTAL INVESTMENTS—100.1%

(Cost $153,514,469)

189,069,634

OTHER ASSETS & LIABILITIES, NET—(0.1)%

(193,794)

NET ASSETS—100.0%

$

188,875,840

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Restricted security.

(c) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $630,214 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.875% and maturity date 5/31/27, valued at $642,685.

Lifecycle 2070

Portfolio of Investments November 30, 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—98.9%(a)

DIRECT REAL ESTATE—4.2%

22,394

(b) Nuveen Real Property Fund LP (purchased 9/30/25-11/19/25; cost $213,211)

$

215,429

TOTAL DIRECT REAL ESTATE

215,429

FIXED INCOME—0.7%

2,053

Nuveen Core Bond Fund, Class W

19,154

1,546

Nuveen Core Plus Bond Fund, Class W

14,451

TOTAL FIXED INCOME

33,605

INTERNATIONAL EQUITY—32.7%

28,457

Nuveen Emerging Markets Equity Fund, Class W

294,812

25,520

Nuveen International Equity Fund, Class W

442,520

27,935

Nuveen International Opportunities Fund, Class W

492,495

5,813

Nuveen International Value Fund, Class I

211,300

16,668

Nuveen Quant International Small Cap Equity Fund, Class W

233,351

TOTAL INTERNATIONAL EQUITY

1,674,478

INTERNATIONAL FIXED INCOME—0.2%

920

Nuveen International Bond Fund, Class W

8,334

TOTAL INTERNATIONAL FIXED INCOME

8,334

U.S. EQUITY—61.1%

24,607

Nuveen Core Equity Fund, Class W

421,519

7,466

Nuveen Dividend Growth Fund, Class R6

508,899

28,044

Nuveen Dividend Value Fund, Class R6

460,205

12,657

Nuveen Growth Opportunities ETF

510,571

16,129

Nuveen Large Cap Growth Fund, Class W

540,498

18,882

Nuveen Large Cap Value Fund, Class W

484,139

2,161

Nuveen Quant Small Cap Equity Fund, Class W

46,247

2,623

Nuveen Small Cap Select Fund, Class R6

44,014

6,322

Nuveen Quant Small/Mid Cap Equity Fund, Class W

108,228

TOTAL U.S. EQUITY

3,124,320

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $4,942,560)

5,056,166

TOTAL INVESTMENTS—98.9%

(Cost $4,942,560)

5,056,166

OTHER ASSETS & LIABILITIES, NET—1.1%

58,090

NET ASSETS—100.0%

$

5,114,256

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Restricted security.

Statement of Assets and Liabilities

See Notes to Financial Statements

November 30, 2025 (Unaudited)

12.1 Lifecycle Retirement

Income

12.2 Lifecycle 2010

12.3 Lifecycle 2015

ASSETS

Affiliated investments, at value

‡

$

407,466,554

$

692,243,883

$

975,140,424

Short-term investments, at value

#

360,000

600,000

840,000

Cash

2,651

2,705

Receivables:

Dividends

706,170

1,343,814

1,710,920

Interest

Reimbursement from Adviser

49,152

151,264

147,708

Shares sold

115,164

21,516

13,292

Other

122,345

291,327

404,260

Total assets

408,822,158

694,654,713

978,257,011

LIABILITIES

Due to affiliates

4,795

4,330

4,604

Payables:

Management fees

128,114

221,818

309,472

Investments purchased - regular settlement

508,721

974,236

1,209,297

Shares redeemed

105,687

339,274

207,986

Service agreement fees

25,149

37,677

55,364

Accrued expenses:

Custodian fees

7,222

7,235

7,235

Professional fees

7,389

7,359

7,330

Shareholder reporting expenses

19,712

38,259

43,327

Shareholder servicing agent fees

9,518

Trustees fees

70,280

256,499

367,908

12b-1 distribution and service fees

27,212

3,011

4,471

Other

13,535

19,043

23,280

Total liabilities

927,334

1,909,102

2,240,698

Net assets

$

407,894,824

$

692,745,611

$

976,016,313

NET ASSETS CONSIST OF:

Paid-in capital

$

358,068,638

$

579,037,517

$

850,089,844

Total distributable earnings (loss)

49,826,186

113,708,094

125,926,469

Net assets

$

407,894,824

$

692,745,611

$

976,016,313

‡

Affiliated investments, cost

$

347,632,469

$

585,758,375

$

846,399,594

#

Short-term investments, cost

$

360,000

$

600,000

$

840,000

CLASS A:

Net assets

$

129,676,564

$

–

$

–

Shares outstanding

10,653,371

–

–

Net asset value ("NAV") per share

$

.17

$

–

$

–

Maximum sales charge

5.75%

–%

–%

Offering price per share (NAV per share plus maximum sales charge)

$

.91

$

–

$

–

CLASS I:

Net assets

$

224,026

$

97,359

$

257,478

Shares outstanding

18,369

8,790

25,551

NAV and offering price per share

$

.20

$

.08

$

.08

PREMIER CLASS:

Net assets

$

6,425,009

$

24,343,906

$

35,475,595

Shares outstanding

527,210

2,211,835

3,538,550

NAV and offering price per share

$

.19

$

.01

$

.03

CLASS R6:

Net assets

$

148,716,764

$

486,170,624

$

670,174,819

Shares outstanding

12,196,674

44,041,437

66,488,064

NAV and offering price per share

$

.19

$

.04

$

.08

RETIREMENT CLASS:

Net assets

$

122,852,461

$

182,133,722

$

270,108,421

Shares outstanding

10,105,521

12,881,474

19,756,696

NAV and offering price per share

$

.16

$

.14

$

.67

Authorized shares - per class

Unlimited

Unlimited

Unlimited

Par value per share

$

.0001

$

.0001

$

.0001

See Notes to Financial Statements

12.4 Lifecycle 2020

12.5 Lifecycle 2025

12.6 Lifecycle 2030

12.7 Lifecycle 2035

12.8 Lifecycle 2040

12.9 Lifecycle 2045

13.01 Lifecycle 2050

$

2,092,133,756

$

3,387,901,230

$

4,571,865,210

$

5,141,218,083

$

6,343,886,233

$

4,755,772,527

$

3,873,412,478

3,450,000

4,860,000

6,040,000

7,810,000

8,040,000

6,990,000

5,610,000

8,321

8,803

9,826

2,496

7,036

8,635

2,420

3,425,346

5,169,081

5,847,276

5,301,010

4,193,740

1,713,814

747,496

1,173

1,652

2,054

2,655

2,734

2,377

1,907

307,555

495,789

708,622

800,400

1,093,071

794,165

642,616

51,701

2,237,251

1,133,786

1,675,322

2,278,969

1,826,006

1,511,813

551,877

595,296

594,174

601,925

778,165

304,369

200,793

2,099,929,729

3,401,269,102

4,586,200,948

5,157,411,891

6,360,279,948

4,767,411,893

3,882,129,523

5,675

6,889

7,881

8,366

9,415

7,912

7,084

666,628

1,084,617

1,469,808

1,662,615

2,060,290

1,537,760

1,249,023

4,040,103

5,489,378

6,127,474

7,004,183

5,195,986

3,745,447

2,424,287

2,477,069

409,415

379,099

270,604

564,456

671,346

197,418

93,809

125,251

156,721

162,112

194,343

117,056

87,721

7,280

7,379

7,379

7,331

7,287

7,364

7,379

7,216

7,085

6,967

6,909

6,786

6,950

7,039

87,404

122,373

138,497

146,503

178,132

134,710

110,952

687

875

966

1,081

1,036

985

993

556,433

602,586

603,342

611,941

790,344

313,226

207,870

9,098

15,132

21,531

23,622

25,656

19,467

14,563

3,649

24,502

43,034

48,500

62,530

30,005

14,880

7,955,051

7,895,482

8,962,699

9,953,767

9,096,261

6,592,228

4,329,209

$

2,091,974,678

$

3,393,373,620

$

4,577,238,249

$

5,147,458,124

$

6,351,183,687

$

4,760,819,665

$

3,877,800,314

$

1,762,391,298

$

2,769,898,311

$

3,580,601,927

$

3,804,013,482

$

4,361,664,191

$

3,117,799,565

$

2,552,115,146

329,583,380

623,475,309

996,636,322

1,343,444,642

1,989,519,496

1,643,020,100

1,325,685,168

$

2,091,974,678

$

3,393,373,620

$

4,577,238,249

$

5,147,458,124

$

6,351,183,687

$

4,760,819,665

$

3,877,800,314

$

1,776,650,745

$

2,808,438,879

$

3,669,791,165

$

3,957,898,680

$

4,609,949,248

$

3,317,435,955

$

2,699,755,720

$

3,450,000

$

4,860,000

$

6,040,000

$

7,810,000

$

8,040,000

$

6,990,000

$

5,610,000

$

–

$

–

$

–

$

–

$

–

$

–

$

–

–

–

–

–

–

–

–

$

–

$

–

$

–

$

–

$

–

$

–

$

–

–%

–%

–%

–%

–%

–%

–%

$

–

$

–

$

–

$

–

$

–

$

–

$

–

$

349,223

$

687,945

$

947,275

$

980,023

$

359,971

$

750,594

$

621,860

33,182

61,813

81,297

79,917

28,128

45,378

36,131

$

.52

$

.13

$

.65

$

.26

$

.80

$

.54

$

.21

$

73,035,388

$

122,446,460

$

173,132,527

$

188,393,833

$

202,139,502

$

155,872,752

$

115,948,183

6,955,571

11,068,898

14,974,294

15,410,369

15,853,181

9,489,330

6,780,983

$

.50

$

.06

$

.56

$

.23

$

.75

$

.43

$

.10

$

1,561,473,726

$

2,657,522,295

$

3,635,644,071

$

4,163,221,054

$

5,196,915,024

$

4,029,258,879

$

3,330,167,875

148,245,931

238,781,033

312,193,397

339,022,400

405,717,738

243,654,158

193,666,404

$

.53

$

.13

$

.65

$

.28

$

.81

$

.54

$

.20

$

457,116,341

$

612,716,920

$

767,514,376

$

794,863,214

$

951,769,190

$

574,937,440

$

431,062,396

30,896,862

38,551,304

44,801,994

42,616,595

46,957,759

35,204,126

25,389,483

$

.79

$

.89

$

.13

$

.65

$

.27

$

.33

$

.98

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

$

.0001

$

.0001

$

.0001

$

.0001

$

.0001

$

.0001

$

.0001

Statement of Assets and Liabilities

(continued)

See Notes to Financial Statements

(continued)

(continued)

Statement of Assets and Liabilities

(continued)

November 30, 2025 (Unaudited)

13.1 Lifecycle 2055

13.2 Lifecycle 2060

13.3 Lifecycle 2065

ASSETS

Affiliated investments, at value

‡

$

2,089,446,594

$

1,009,500,585

$

188,439,634

Short-term investments, at value

#

3,840,000

2,210,000

630,000

Cash

3,676

8,446

Receivables:

Dividends

303,414

107,125

12,728

Interest

1,306

751

Reimbursement from Adviser

360,624

189,909

40,536

Shares sold

1,225,429

957,707

308,691

Other

64,736

54,944

36,422

Total assets

2,095,242,295

1,013,024,697

189,476,671

LIABILITIES

Due to affiliates

5,485

4,510

3,803

Payables:

Management fees

672,351

323,529

59,669

Investments purchased - regular settlement

2,030,570

1,303,961

459,901

Shares redeemed

46,574

51,679

20,853

Service agreement fees

43,753

20,299

4,755

Accrued expenses:

Custodian fees

7,217

7,247

7,274

Professional fees

7,220

7,329

7,411

Shareholder reporting expenses

61,373

64,111

25,223

Shareholder servicing agent fees

876

737

Trustees fees

68,419

18,915

1,569

12b-1 distribution and service fees

8,310

3,408

897

Other

28,484

20,323

9,099

Total liabilities

2,980,632

1,826,048

600,831

Net assets

$

2,092,261,663

$

1,011,198,649

$

188,875,840

NET ASSETS CONSIST OF:

Paid-in capital

$

1,449,433,429

$

745,762,170

$

150,485,227

Total distributable earnings (loss)

642,828,234

265,436,479

38,390,613

Net assets

$

2,092,261,663

$

1,011,198,649

$

188,875,840

‡

Affiliated investments, cost

$

1,505,158,486

$

762,573,759

$

152,884,469

#

Short-term investments, cost

$

3,840,000

$

2,210,000

$

630,000

CLASS I:

Net assets

$

490,633

$

426,607

$

166,217

Shares outstanding

24,012

23,967

11,045

NAV and offering price per share

$

.43

$

.80

$

.05

PREMIER CLASS:

Net assets

$

66,629,106

$

27,861,436

$

7,492,851

Shares outstanding

3,279,359

1,570,674

492,222

NAV and offering price per share

$

.32

$

.74

$

.22

CLASS R6:

Net assets

$

1,809,681,953

$

882,929,890

$

157,604,116

Shares outstanding

88,573,416

49,569,566

10,188,426

NAV and offering price per share

$

.43

$

.81

$

.47

RETIREMENT CLASS:

Net assets

$

215,459,971

$

99,980,716

$

23,612,656

Shares outstanding

10,621,326

5,650,118

1,530,676

NAV and offering price per share

$

.29

$

.70

$

.43

Authorized shares - per class

Unlimited

Unlimited

Unlimited

Par value per share

$

.0001

$

.0001

$

.0001

See Notes to Financial Statements

13.4 Lifecycle 2070

$

5,056,166

–

5,694

–

25,386

–

54,816

5,142,203

5,537

1,638

–

–

1,206

8,894

6,134

1,554

2,795

27,947

$

5,114,256

$

5,000,000

114,256

$

5,114,256

$

4,942,560

$

–

$

511,345

50,000

$

.23

$

511,345

50,000

$

.23

$

3,580,307

350,000

$

.23

$

511,259

50,000

$

.23

Unlimited

$

.0001

Statement of Operations

See Notes to Financial Statements

Six Months Ended November 30, 2025 (Unaudited)

12.1 Lifecycle Retirement

Income

12.2 Lifecycle 2010

12.3 Lifecycle 2015

12.4 Lifecycle 2020

INVESTMENT INCOME

Dividends from affiliated investments

$

6,067,641

$

11,081,242

$

14,926,569

$

29,801,181

Interest

6,266

10,245

12,561

25,793

Total investment income

6,073,907

11,091,487

14,939,130

29,826,974

EXPENSES

Management fees

782,017

1,365,598

1,913,970

4,141,577

12b-1 distribution and service fees —

Class A

158,758

–

–

–

12b-1 distribution and service fees —

Premier Class

5,322

19,255

28,410

58,934

Shareholder servicing agent fees —

Class A

20,350

–

–

–

Shareholder servicing agent fees —

Class I

Shareholder servicing agent fees —

Premier Class

Shareholder servicing agent fees —

Class R6

930

635

765

1,406

Shareholder servicing agent fees —

Retirement Class

153,309

233,208

336,719

578,291

Administrative service fees

12,879

11,606

12,309

15,076

Trustees fees

2,026

3,509

4,937

10,516

Custodian expenses

3,924

3,925

3,941

3,954

Professional fees

7,595

7,708

7,815

8,234

Registration fees

976

4,675

4,790

4,507

Shareholder reporting expenses

8,451

13,890

9,639

14,134

Other

35,046

53,197

68,113

133,159

Total expenses

1,191,708

1,717,303

2,391,559

4,970,044

Expenses reimbursed by the investment adviser

(69,692)

(58,873)

(56,951)

(72,167)

Fee waiver by investment adviser

(285,909)

(747,412)

(687,296)

(1,508,115)

Net expenses

836,107

911,018

1,647,312

3,389,762

Net investment income (loss)

5,237,800

10,180,469

13,291,818

26,437,212

REALIZED AND UNREALIZED GAIN (LOSS)

Realized gain (loss) from:

Affiliated investments

3,224,719

13,333,638

8,945,661

31,375,555

Net realized gain (loss)

3,224,719

13,333,638

8,945,661

31,375,555

Change in unrealized appreciation (depreciation) on:

Affiliated investments

22,188,807

28,414,800

53,628,908

115,803,291

Net change in unrealized appreciation (depreciation)

22,188,807

28,414,800

53,628,908

115,803,291

Net realized and unrealized gain (loss)

25,413,526

41,748,438

62,574,569

147,178,846

Net increase (decrease) in net assets from operations

$

30,651,326

$

51,928,907

$

75,866,387

$

173,616,058

See Notes to Financial Statements

12.5 Lifecycle 2025

12.6 Lifecycle 2030

12.7 Lifecycle 2035

12.8 Lifecycle 2040

12.9 Lifecycle 2045

$

44,375,541

$

50,349,211

$

46,896,071

$

41,018,400

$

21,742,657

46,197

83,766

101,075

120,756

98,051

44,421,738

50,432,977

46,997,146

41,139,156

21,840,708

6,727,621

9,025,840

10,223,300

12,750,968

9,522,584

–

–

–

–

–

97,670

136,322

148,424

163,857

124,729

–

–

–

–

–

1,912

2,176

2,457

2,769

2,384

767,285

954,366

979,652

1,171,102

704,431

18,212

21,023

22,369

25,149

21,209

16,972

22,504

25,121

30,781

22,789

4,029

4,016

3,999

3,979

3,996

8,701

9,106

9,302

9,717

9,128

1,983

3,475

5,208

5,990

13,750

14,052

15,314

18,348

21,461

207,263

268,620

295,977

354,716

260,811

7,865,639

10,461,712

11,731,400

14,537,551

10,694,126

(81,313)

(93,252)

(100,724)

(114,602)

(97,598)

(2,494,957)

(3,626,645)

(4,334,564)

(5,879,293)

(4,548,236)

5,289,369

6,741,815

7,296,112

8,543,656

6,048,292

39,132,369

43,691,162

39,701,034

32,595,500

15,792,416

62,193,490

90,121,710

126,889,947

199,181,531

150,735,238

62,193,490

90,121,710

126,889,947

199,181,531

150,735,238

195,526,898

296,326,412

356,381,871

483,445,722

399,628,674

195,526,898

296,326,412

356,381,871

483,445,722

399,628,674

257,720,388

386,448,122

483,271,818

682,627,253

550,363,912

$

296,852,757

$

430,139,284

$

522,972,852

$

715,222,753

$

566,156,328

Statement of Operations

(continued)

See Notes to Financial Statements

(continued)

(continued)

Statement of Operations

(continued)

(a) For the period September 30, 2025 (commencement of operations) through November 30, 2025.

Six Months Ended November 30, 2025 (Unaudited)

13.01 Lifecycle 2050

13.1 Lifecycle 2055

13.2 Lifecycle 2060

13.3 Lifecycle 2065

INVESTMENT INCOME

Dividends from affiliated investments

$

13,704,272

$

6,760,420

$

2,943,207

$

461,739

Interest

82,249

50,765

31,444

8,868

Total investment income

13,786,521

6,811,185

2,974,651

470,607

EXPENSES

Management fees

7,724,387

4,131,920

1,949,112

337,086

12b-1 distribution and service fees —

Premier Class

91,251

52,132

21,235

5,002

Shareholder servicing agent fees —

Class I

Shareholder servicing agent fees —

Premier Class

Shareholder servicing agent fees —

Class R6

2,281

1,824

1,495

689

Shareholder servicing agent fees —

Retirement Class

527,379

261,068

119,110

24,829

Administrative service fees

19,031

14,805

12,213

10,274

Trustees fees

18,394

9,843

4,634

788

Custodian expenses

4,025

3,935

3,946

3,954

Professional fees

8,802

8,172

7,788

7,505

Registration fees

10,596

7,601

8,119

Shareholder reporting expenses

15,962

8,270

38,014

28,639

Other

210,812

117,687

61,946

20,418

Total expenses

8,622,944

4,620,417

2,227,215

447,427

Expenses reimbursed by the investment adviser

(84,483)

(71,146)

(88,688)

(71,983)

Fee waiver by investment adviser

(3,685,071)

(1,970,064)

(929,246)

(163,368)

Net expenses

4,853,390

2,579,207

1,209,281

212,076

Net investment income (loss)

8,933,131

4,231,978

1,765,370

258,531

REALIZED AND UNREALIZED GAIN (LOSS)

Realized gain (loss) from:

Investments

–

–

–

29,023

Affiliated investments

111,520,185

47,474,106

14,730,469

1,247,788

Net realized gain (loss)

111,520,185

47,474,106

14,730,469

1,276,811

Change in unrealized appreciation (depreciation) on:

Affiliated investments

352,540,307

202,665,558

103,760,608

19,084,195

Net change in unrealized appreciation (depreciation)

352,540,307

202,665,558

103,760,608

19,084,195

Net realized and unrealized gain (loss)

464,060,492

250,139,664

118,491,077

20,361,006

Net increase (decrease) in net assets from operations

$

472,993,623

$

254,371,642

$

120,256,447

$

20,619,537

See Notes to Financial Statements

13.4 Lifecycle 2070

(a) $

1,311

1,315

3,332

588

5,537

1,206

8,894

20,089

8,766

3,996

53,731

(49,817)

(1,801)

2,113

(798) –

1,448

1,448

113,606

113,606

115,054

$

114,256

Statement of Changes in Net Assets

See Notes to Financial Statements

12.1 Lifecycle Retirement Income

12.2 Lifecycle 2010

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

OPERATIONS

Net investment income (loss)

$

5,237,800

$

14,087,646

$

10,180,469

$

26,421,807

Net realized gain (loss)

3,224,719

5,901,380

13,333,638

16,747,931

Net change in unrealized appreciation

(depreciation)

22,188,807

8,649,040

28,414,800

10,225,320

Net increase (decrease) in net assets from

operations

30,651,326

28,638,066

51,928,907

53,395,058

DISTRIBUTIONS TO SHAREHOLDERS

–

–

–

–

Dividends:

Class A

(2,670,923)

(4,078,576)

–

–

Class I

(4,145)

(7,945)

–

(4,956)

Premier Class

(163,429)

(295,128)

–

(1,621,020)

Class R6

(3,191,442)

(5,257,423)

–

(29,104,411)

Retirement Class

(2,588,119)

(4,039,158)

–

(9,067,334)

Total distributions

(8,618,058)

(13,678,230)

–

(39,797,721)

FUND SHARE TRANSACTIONS

Subscriptions

19,137,748

35,151,487

18,278,996

64,271,790

Reinvestments of distributions

8,501,809

13,508,864

–

39,795,437

Redemptions

(34,566,434)

(89,531,953)

(66,205,262)

(233,387,950)

Net increase (decrease) from Fund share

transactions

(6,926,877)

(40,871,602)

(47,926,266)

(129,320,723)

Net increase (decrease) in net assets

15,106,391

(25,911,766)

4,002,641

(115,723,386)

Net assets at the beginning of period

392,788,433

418,700,199

688,742,970

804,466,356

Net assets at the end of period

$

407,894,824

$

392,788,433

$

692,745,611

$

688,742,970

See Notes to Financial Statements

12.3 Lifecycle 2015

12.4 Lifecycle 2020

12.5 Lifecycle 2025

12.6 Lifecycle 2030

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

$

13,291,818

$

37,669,720

$

26,437,212

$

78,241,497

$

39,132,369

$

119,237,423

$

43,691,162

$

136,965,182

8,945,661

18,526,654

31,375,555

54,754,875

62,193,490

103,944,467

90,121,710

146,582,853

53,628,908

20,191,165

115,803,291

36,159,988

195,526,898

51,182,130

296,326,412

72,900,832

75,866,387

76,387,539

173,616,058

169,156,360

296,852,757

274,364,020

430,139,284

356,448,867

–

–

–

–

–

–

–

–

–

–

–

–

–

–

–

–

–

(11,250)

–

(18,848)

–

(33,235)

–

(38,938)

–

(1,732,420)

–

(3,999,247)

–

(7,244,493)

–

(8,641,673)

–

(30,844,386)

–

(80,430,468)

–

(140,567,956)

–

(167,870,196)

–

(8,951,414)

–

(17,029,727)

–

(23,487,619)

–

(25,191,754)

–

(41,539,470)

–

(101,478,290)

–

(171,333,303)

–

(201,742,561)

23,244,570

68,186,554

36,879,661

105,934,257

77,599,590

207,300,117

111,547,353

264,887,553

–

41,470,195

–

101,285,207

–

170,710,985

–

201,568,037

(105,219,184)

(320,496,059)

(220,397,875)

(687,634,259)

(348,570,914)

(1,029,440,184)

(329,615,821)

(1,008,798,089)

(81,974,614)

(210,839,310)

(183,518,214)

(480,414,795)

(270,971,324)

(651,429,082)

(218,068,468)

(542,342,499)

(6,108,227)

(175,991,241)

(9,902,156)

(412,736,725)

25,881,433

(548,398,365)

212,070,816

(387,636,193)

982,124,540

1,158,115,781

2,101,876,834

2,514,613,559

3,367,492,187

3,915,890,552

4,365,167,433

4,752,803,626

$

976,016,313

$

982,124,540

$

2,091,974,678

$

2,101,876,834

$

3,393,373,620

$

3,367,492,187

$

4,577,238,249

$

4,365,167,433

Statement of Changes in Net Assets

(continued)

See Notes to Financial Statements

(continued)

(continued)

(continued)

Statement of Changes in Net Assets

(continued)

12.7 Lifecycle 2035

12.8 Lifecycle 2040

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

OPERATIONS

Net investment income (loss)

$

39,701,034

$

136,277,430

$

32,595,500

$

144,839,128

Net realized gain (loss)

126,889,947

197,716,734

199,181,531

276,991,188

Net change in unrealized appreciation

(depreciation)

356,381,871

70,335,322

483,445,722

95,582,656

Net increase (decrease) in net assets from

operations

522,972,852

404,329,486

715,222,753

517,412,972

DISTRIBUTIONS TO SHAREHOLDERS

–

–

–

–

Dividends:

Class I

–

(39,306)

–

(22,636)

Premier Class

–

(8,527,791)

–

(9,174,380)

Class R6

–

(172,639,733)

–

(203,141,552)

Retirement Class

–

(22,167,807)

–

(23,548,314)

Total distributions

–

(203,374,637)

–

(235,886,882)

FUND SHARE TRANSACTIONS

Subscriptions

117,241,146

304,972,586

105,245,045

293,035,890

Reinvestments of distributions

–

203,116,579

–

235,712,156

Redemptions

(327,928,578)

(988,470,092)

(395,453,081)

(1,051,404,392)

Net increase (decrease) from Fund share

transactions

(210,687,432)

(480,380,927)

(290,208,036)

(522,656,346)

Net increase (decrease) in net assets

312,285,420

(279,426,078)

425,014,717

(241,130,256)

Net assets at the beginning of period

4,835,172,704

5,114,598,782

5,926,168,970

6,167,299,226

Net assets at the end of period

$

5,147,458,124

$

4,835,172,704

$

6,351,183,687

$

5,926,168,970

See Notes to Financial Statements

12.9 Lifecycle 2045

13.01 Lifecycle 2050

13.1 Lifecycle 2055

13.2 Lifecycle 2060

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

$

15,792,416

$

94,364,562

$

8,933,131

$

70,897,708

$

4,231,978

$

35,916,143

$

1,765,370

$

15,520,766

150,735,238

212,817,308

111,520,185

157,973,193

47,474,106

70,248,163

14,730,469

25,476,829

399,628,674

82,614,932

352,540,307

86,698,584

202,665,558

57,291,729

103,760,608

30,778,920

566,156,328

389,796,802

472,993,623

315,569,485

254,371,642

163,456,035

120,256,447

71,776,515

–

–

–

–

–

–

–

–

–

(28,881)

–

(15,129)

–

(15,902)

–

(10,698)

–

(6,339,340)

–

(4,374,389)

–

(2,469,848)

–

(828,467)

–

(138,161,083)

–

(107,879,742)

–

(58,177,790)

–

(22,926,985)

–

(21,129,752)

–

(14,695,039)

–

(7,402,119)

–

(2,647,674)

–

(165,659,056)

–

(126,964,299)

–

(68,065,659)

–

(26,413,824)

118,437,140

290,731,183

109,795,280

260,131,714

98,134,542

215,374,673

90,058,371

170,143,384

–

165,518,216

–

126,886,622

–

67,956,803

–

26,263,851

(286,367,643)

(765,035,736)

(207,553,322)

(578,892,864)

(114,970,230)

(290,244,704)

(50,238,366)

(125,358,077)

(167,930,503)

(308,786,337)

(97,758,042)

(191,874,528)

(16,835,688)

(6,913,228)

39,820,005

71,049,158

398,225,825

(84,648,591)

375,235,581

(3,269,342)

237,535,954

88,477,148

160,076,452

116,411,849

4,362,593,840

4,447,242,431

3,502,564,733

3,505,834,075

1,854,725,709

1,766,248,561

851,122,197

734,710,348

$

4,760,819,665

$

4,362,593,840

$

3,877,800,314

$

3,502,564,733

$

2,092,261,663

$

1,854,725,709

$

1,011,198,649

$

851,122,197

Statement of Changes in Net Assets

(continued)

See Notes to Financial Statements

(continued)

Statement of Changes in Net Assets

(continued)

13.3 Lifecycle 2065

13.4 Lifecycle 2070

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

For the period

9/30/25

(commencement of operations)

through

11/30/25

OPERATIONS

Net investment income (loss)

$

258,531

$

2,097,686

$

(798) Net realized gain (loss)

1,276,811

3,118,214

1,448

Net change in unrealized appreciation (depreciation)

19,084,195

4,943,935

113,606

Net increase (decrease) in net assets from operations

20,619,537

10,159,835

114,256

DISTRIBUTIONS TO SHAREHOLDERS

–

–

–

Dividends:

Class I

–

(4,065)

–

Premier Class

–

(150,235)

–

Class R6

–

(2,730,931)

–

Retirement Class

–

(482,116)

–

Total distributions

–

(3,367,347)

–

FUND SHARE TRANSACTIONS

Subscriptions

44,209,807

70,752,055

5,000,000

Reinvestments of distributions

–

3,365,436

–

Redemptions

(15,851,817)

(31,948,510)

–

Net increase (decrease) from Fund share transactions

28,357,990

42,168,981

5,000,000

Net increase (decrease) in net assets

48,977,527

48,961,469

5,114,256

Net assets at the beginning of period

139,898,313

90,936,844

–

Net assets at the end of period

$

188,875,840

$

139,898,313

$

5,114,256

Financial Highlights

See Notes to Financial Statements

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

12.1 Lifecycle Retirement Income

Class A:

11/30/25

(e) $

.52

$

.15

$

.75

$

.90

$

(0

.25)

$

—

$

(0

.25)

$

.17

5/31/25

.11

.38

.40

.78

(0

.34)

(0

.03)

(0

.37)

.52

5/31/24

.42

.32

.72

.04

(0

.35)

—

(0

.35)

.11

5/31/23

.12

.36

(0

.46)

(0

.10)

(0

.28)

(0

.32)

(0

.60)

.42

5/31/22

.79

.26

(1

.02)

(0

.76)

(0

.35)

(0

.56)

(0

.91)

.12

5/31/21

.51

.20

.75

.95

(0

.28)

(0

.39)

(0

.67)

.79

Class I:

11/30/25

(e) 11

.54

.16

.76

.92

(0

.26)

—

(0

.26)

.20

5/31/25

.13

.41

.39

.80

(0

.36)

(0

.03)

(0

.39)

.54

5/31/24

.44

.34

.72

.06

(0

.37)

—

(0

.37)

.13

5/31/23

.14

.41

(0

.49)

(0

.08)

(0

.30)

(0

.32)

(0

.62)

.44

5/31/22

.81

.30

(1

.04)

(0

.74)

(0

.37)

(0

.56)

(0

.93)

.14

5/31/21

.52

.20

.78

.98

(0

.30)

(0

.39)

(0

.69)

.81

Premier Class:

11/30/25

(e) 11

.53

.16

.76

.92

(0

.26)

—

(0

.26)

.19

5/31/25

.12

.40

.39

.79

(0

.35)

(0

.03)

(0

.38)

.53

5/31/24

.43

.33

.72

.05

(0

.36)

—

(0

.36)

.12

5/31/23

.13

.37

(0

.46)

(0

.09)

(0

.29)

(0

.32)

(0

.61)

.43

5/31/22

.80

.27

(1

.01)

(0

.74)

(0

.37)

(0

.56)

(0

.93)

.13

5/31/21

.51

.21

.76

.97

(0

.29)

(0

.39)

(0

.68)

.80

Class R6:

11/30/25

(e) 11

.54

.16

.76

.92

(0

.27)

—

(0

.27)

.19

5/31/25

.13

.42

.39

.81

(0

.37)

(0

.03)

(0

.40)

.54

5/31/24

.44

.35

.72

.07

(0

.38)

—

(0

.38)

.13

5/31/23

.14

.39

(0

.46)

(0

.07)

(0

.31)

(0

.32)

(0

.63)

.44

5/31/22

.81

.29

(1

.02)

(0

.73)

(0

.38)

(0

.56)

(0

.94)

.14

5/31/21

.52

.23

.76

.99

(0

.31)

(0

.39)

(0

.70)

.81

Retirement Class:

11/30/25

(e) 11

.51

.15

.75

.90

(0

.25)

—

(0

.25)

.16

5/31/25

.10

.38

.40

.78

(0

.34)

(0

.03)

(0

.37)

.51

5/31/24

.41

.32

.72

.04

(0

.35)

—

(0

.35)

.10

5/31/23

.11

.36

(0

.46)

(0

.10)

(0

.28)

(0

.32)

(0

.60)

.41

5/31/22

.78

.26

(1

.02)

(0

.76)

(0

.35)

(0

.56)

(0

.91)

.11

5/31/21

.49

.20

.76

.96

(0

.28)

(0

.39)

(0

.67)

.78

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are at NAV and do not include any sales charge. Total returns are not annualized.

(d) The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth

Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

.92

%

$

129,677

.71

%

(f) 0

.51

%

(f) 2

.52

%

(f) 19

%

.11

122,877

.75

.53

.35

.19

124,235

.74

.53

.00

(0

.69)

123,946

.72

.52

.43

(6

.49)

131,167

.70

.51

.10

.31

144,030

.71

.54

.62

.09

.50

(f) 0

.33

(f) 2

.68

(f) 19

.31

.52

.33

.61

.36

.54

.36

.16

(0

.50)

.52

.35

.86

(6

.33)

609

.50

.34

.44

.57

596

.52

.38

.63

.05

6,425

.58

(f) 0

.41

(f) 2

.65

(f) 19

.21

7,624

.61

.43

.50

.29

9,940

.61

.43

.09

(0

.58)

15,207

.59

.42

.55

(6

.40)

17,624

.58

.41

.17

.51

19,161

.58

.44

.71

.04

148,717

.43

(f) 0

.26

(f) 2

.76

(f) 19

.37

141,910

.46

.27

.64

.45

156,206

.46

.28

.25

(0

.42)

171,457

.44

.27

.72

(6

.25)

222,227

.43

.26

.37

.67

244,923

.43

.29

.87

.93

122,852

.68

(f) 0

.51

(f) 2

.52

(f) 19

.12

120,193

.71

.53

.36

.20

127,984

.71

.53

.00

(0

.68)

133,676

.69

.52

.45

(6

.49)

157,609

.68

.50

.11

.43

200,300

.68

.54

.61

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

12.2 Lifecycle 2010

Class I:

11/30/25

(e) $

.28

$

.15

$

.65

$

.80

$

—

$

—

$

—

$

.08

5/31/25

.13

.37

.37

.74

(0

.37)

(0

.22)

(0

.59)

.28

5/31/24

.55

.32

.65

.97

(0

.39)

—

(0

.39)

.13

5/31/23

.32

.36

(0

.42)

(0

.06)

(0

.36)

(0

.35)

(0

.71)

.55

5/31/22

.22

.26

(0

.93)

(0

.67)

(0

.40)

(0

.83)

(1

.23)

.32

5/31/21

.30

.22

.71

.93

(0

.33)

(0

.68)

(1

.01)

.22

Premier Class:

11/30/25

(e) 10

.22

.15

.64

.79

—

—

—

.01

5/31/25

.08

.36

.37

.73

(0

.37)

(0

.22)

(0

.59)

.22

5/31/24

.50

.31

.65

.96

(0

.38)

—

(0

.38)

.08

5/31/23

.27

.34

(0

.41)

(0

.07)

(0

.35)

(0

.35)

(0

.70)

.50

5/31/22

.17

.25

(0

.94)

(0

.69)

(0

.38)

(0

.83)

(1

.21)

.27

5/31/21

.24

.20

.73

.93

(0

.32)

(0

.68)

(1

.00)

.17

Class R6:

11/30/25

(e) 10

.24

.16

.64

.80

—

—

—

.04

5/31/25

.10

.37

.38

.75

(0

.39)

(0

.22)

(0

.61)

.24

5/31/24

.53

.32

.65

.97

(0

.40)

—

(0

.40)

.10

5/31/23

.29

.36

(0

.41)

(0

.05)

(0

.36)

(0

.35)

(0

.71)

.53

5/31/22

.20

.27

(0

.94)

(0

.67)

(0

.41)

(0

.83)

(1

.24)

.29

5/31/21

.27

.22

.73

.95

(0

.34)

(0

.68)

(1

.02)

.20

Retirement Class:

11/30/25

(e) 13

.13

.19

.82

.01

—

—

—

.14

5/31/25

.79

.45

.46

.91

(0

.35)

(0

.22)

(0

.57)

.13

5/31/24

.96

.38

.82

.20

(0

.37)

—

(0

.37)

.79

5/31/23

.73

.41

(0

.50)

(0

.09)

(0

.33)

(0

.35)

(0

.68)

.96

5/31/22

.80

.30

(1

.17)

(0

.87)

(0

.37)

(0

.83)

(1

.20)

.73

5/31/21

.48

.23

.07

.30

(0

.30)

(0

.68)

(0

.98)

.80

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth

Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

.78

%

$

.53

%

(f) 0

.30

%

(f) 2

.87

%

(f) 18

%

.37

.51

.32

.55

.33

.50

.32

.25

(0

.42)

.50

.32

.69

(6

.32)

.48

.33

.29

.57

.49

.36

.81

.73

24,344

.57

(f) 0

.34

(f) 2

.85

(f) 18

.26

27,069

.59

.41

.46

.27

34,029

.59

.41

.17

(0

.50)

40,794

.57

.39

.53

(6

.45)

50,141

.56

.41

.16

.62

77,845

.57

.44

.70

.81

486,171

.42

(f) 0

.19

(f) 2

.99

(f) 18

.43

476,783

.44

.26

.63

.31

534,127

.44

.26

.30

(0

.23)

570,203

.42

.24

.66

(6

.34)

700,875

.41

.26

.34

.75

836,684

.42

.29

.84

.69

182,134

.67

(f) 0

.44

(f) 2

.74

(f) 18

.14

184,800

.69

.51

.41

.11

236,153

.69

.51

.05

(0

.54)

245,451

.67

.49

.42

(6

.56)

290,686

.66

.51

.09

.45

368,266

.67

.54

.62

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

12.3 Lifecycle 2015

Class I:

11/30/25

(e) $

.33

$

.13

$

.62

$

.75

$

—

$

—

$

—

$

.08

5/31/25

.06

.33

.33

.66

(0

.33)

(0

.06)

(0

.39)

.33

5/31/24

.49

.29

.61

.90

(0

.33)

—

(0

.33)

.06

5/31/23

.17

.30

(0

.37)

(0

.07)

(0

.27)

(0

.34)

(0

.61)

.49

5/31/22

.81

.22

(0

.86)

(0

.64)

(0

.35)

(0

.65)

(1

.00)

.17

5/31/21

.61

.18

.67

.85

(0

.29)

(0

.36)

(0

.65)

.81

Premier Class:

11/30/25

(e) 9

.28

.13

.62

.75

—

—

—

.03

5/31/25

.02

.32

.33

.65

(0

.33)

(0

.06)

(0

.39)

.28

5/31/24

.46

.27

.61

.88

(0

.32)

—

(0

.32)

.02

5/31/23

.14

.30

(0

.37)

(0

.07)

(0

.27)

(0

.34)

(0

.61)

.46

5/31/22

.76

.21

(0

.84)

(0

.63)

(0

.34)

(0

.65)

(0

.99)

.14

5/31/21

.57

.17

.66

.83

(0

.28)

(0

.36)

(0

.64)

.76

Class R6:

11/30/25

(e) 9

.33

.14

.61

.75

—

—

—

.08

5/31/25

.07

.34

.32

.66

(0

.34)

(0

.06)

(0

.40)

.33

5/31/24

.50

.28

.62

.90

(0

.33)

—

(0

.33)

.07

5/31/23

.18

.31

(0

.37)

(0

.06)

(0

.28)

(0

.34)

(0

.62)

.50

5/31/22

.81

.23

(0

.85)

(0

.62)

(0

.36)

(0

.65)

(1

.01)

.18

5/31/21

.62

.19

.66

.85

(0

.30)

(0

.36)

(0

.66)

.81

Retirement Class:

11/30/25

(e) 12

.67

.17

.83

.00

—

—

—

.67

5/31/25

.17

.43

.44

.87

(0

.31)

(0

.06)

(0

.37)

.67

5/31/24

.30

.35

.83

.18

(0

.31)

—

(0

.31)

.17

5/31/23

.99

.38

(0

.48)

(0

.10)

(0

.25)

(0

.34)

(0

.59)

.30

5/31/22

.82

.27

(1

.12)

(0

.85)

(0

.33)

(0

.65)

(0

.98)

.99

5/31/21

.13

.21

.11

.32

(0

.27)

(0

.36)

(0

.63)

.82

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth

Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

.04

%

$

.48

%

(f) 0

.33

%

(f) 2

.70

%

(f) 18

%

.40

.46

.32

.56

.74

.47

.28

.26

(0

.52)

.53

.38

.49

(6

.61)

.52

.38

.15

.60

.52

.39

.75

.08

35,476

.56

(f) 0

.41

(f) 2

.64

(f) 18

.27

39,085

.58

.43

.44

.56

42,131

.58

.39

.11

(0

.57)

56,724

.57

.42

.48

(6

.54)

71,144

.56

.42

.06

.47

116,117

.57

.44

.67

.04

670,175

.41

(f) 0

.26

(f) 2

.77

(f) 18

.40

679,851

.43

.28

.62

.82

782,265

.43

.24

.25

(0

.39)

831,507

.42

.27

.61

(6

.43)

1,005,382

.41

.27

.25

.56

1,217,691

.42

.29

.83

.89

270,108

.66

(f) 0

.51

(f) 2

.52

(f) 18

.21

262,910

.68

.53

.40

.52

333,364

.68

.49

.99

(0

.66)

339,003

.67

.52

.36

(6

.73)

393,955

.66

.52

.01

.34

500,838

.67

.54

.60

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

12.4 Lifecycle 2020

Class I:

11/30/25

(e) $

.69

$

.12

$

.71

$

.83

$

—

$

—

$

—

$

.52

5/31/25

.45

.31

.39

.70

(0

.33)

(0

.13)

(0

.46)

.69

5/31/24

.77

.28

.73

.01

(0

.33)

—

(0

.33)

.45

5/31/23

.47

.30

(0

.35)

(0

.05)

(0

.27)

(0

.38)

(0

.65)

.77

5/31/22

.25

.21

(0

.90)

(0

.69)

(0

.37)

(0

.72)

(1

.09)

.47

5/31/21

.89

.14

.94

.08

(0

.31)

(0

.41)

(0

.72)

.25

Premier Class:

11/30/25

(e) 9

.67

.12

.71

.83

—

—

—

.50

5/31/25

.44

.32

.37

.69

(0

.33)

(0

.13)

(0

.46)

.67

5/31/24

.75

.27

.74

.01

(0

.32)

—

(0

.32)

.44

5/31/23

.45

.29

(0

.35)

(0

.06)

(0

.26)

(0

.38)

(0

.64)

.75

5/31/22

.23

.21

(0

.92)

(0

.71)

(0

.35)

(0

.72)

(1

.07)

.45

5/31/21

.87

.18

.89

.07

(0

.30)

(0

.41)

(0

.71)

.23

Class R6:

11/30/25

(e) 9

.70

.13

.70

.83

—

—

—

.53

5/31/25

.46

.34

.38

.72

(0

.35)

(0

.13)

(0

.48)

.70

5/31/24

.77

.28

.74

.02

(0

.33)

—

(0

.33)

.46

5/31/23

.48

.31

(0

.37)

(0

.06)

(0

.27)

(0

.38)

(0

.65)

.77

5/31/22

.26

.23

(0

.91)

(0

.68)

(0

.38)

(0

.72)

(1

.10)

.48

5/31/21

.89

.20

.90

.10

(0

.32)

(0

.41)

(0

.73)

.26

Retirement Class:

11/30/25

(e) 13

.64

.17

.98

.15

—

—

—

.79

5/31/25

.12

.44

.52

.96

(0

.31)

(0

.13)

(0

.44)

.64

5/31/24

.05

.36

.01

.37

(0

.30)

—

(0

.30)

.12

5/31/23

.75

.39

(0

.47)

(0

.08)

(0

.24)

(0

.38)

(0

.62)

.05

5/31/22

.78

.27

(1

.24)

(0

.97)

(0

.34)

(0

.72)

(1

.06)

.75

5/31/21

.79

.22

.46

.68

(0

.28)

(0

.41)

(0

.69)

.78

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth

Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

.57

%

$

.53

%

(f) 0

.38

%

(f) 2

.45

%

(f) 18

%

.52

.47

.33

.23

.65

520

.51

.35

.10

(0

.32)

695

.50

.36

.33

(6

.93)

.46

.32

.91

.43

726

.48

.35

.26

.58

73,035

.56

(f) 0

.41

(f) 2

.43

(f) 18

.39

81,189

.57

.43

.32

.68

93,230

.58

.41

.97

(0

.42)

141,676

.57

.42

.31

(7

.06)

165,761

.55

.42

.96

.37

252,876

.57

.45

.66

.56

1,561,474

.41

(f) 0

.26

(f) 2

.56

(f) 18

.66

1,558,875

.42

.28

.49

.86

1,821,625

.43

.26

.11

(0

.36)

1,921,359

.41

.27

.45

(6

.86)

2,303,415

.40

.27

.15

.61

2,712,681

.42

.29

.82

.43

457,116

.66

(f) 0

.51

(f) 2

.31

(f) 18

.36

461,466

.67

.53

.27

.50

599,239

.68

.51

.86

(0

.47)

642,436

.67

.52

.21

(7

.17)

764,245

.65

.52

.89

.27

993,670

.67

.55

.59

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

12.5 Lifecycle 2025

Class I:

11/30/25

(e) $

.19

$

.12

$

.82

$

.94

$

—

$

—

$

—

$

.13

5/31/25

.94

.33

.43

.76

(0

.33)

(0

.18)

(0

.51)

.19

5/31/24

.09

.28

.88

.16

(0

.31)

—

(0

.31)

.94

5/31/23

.85

.27

(0

.31)

(0

.04)

(0

.26)

(0

.46)

(0

.72)

.09

5/31/22

.75

.22

(0

.98)

(0

.76)

(0

.38)

(0

.76)

(1

.14)

.85

5/31/21

.03

.15

.31

.46

(0

.31)

(0

.43)

(0

.74)

.75

Premier Class:

11/30/25

(e) 10

.14

.12

.80

.92

—

—

—

.06

5/31/25

.89

.32

.43

.75

(0

.32)

(0

.18)

(0

.50)

.14

5/31/24

.05

.26

.89

.15

(0

.31)

—

(0

.31)

.89

5/31/23

.80

.28

(0

.32)

(0

.04)

(0

.25)

(0

.46)

(0

.71)

.05

5/31/22

.70

.21

(0

.98)

(0

.77)

(0

.37)

(0

.76)

(1

.13)

.80

5/31/21

.99

.18

.25

.43

(0

.29)

(0

.43)

(0

.72)

.70

Class R6:

11/30/25

(e) 10

.19

.13

.81

.94

—

—

—

.13

5/31/25

.95

.34

.42

.76

(0

.34)

(0

.18)

(0

.52)

.19

5/31/24

.09

.28

.90

.18

(0

.32)

—

(0

.32)

.95

5/31/23

.85

.30

(0

.34)

(0

.04)

(0

.26)

(0

.46)

(0

.72)

.09

5/31/22

.76

.23

(0

.99)

(0

.76)

(0

.39)

(0

.76)

(1

.15)

.85

5/31/21

.04

.19

.27

.46

(0

.31)

(0

.43)

(0

.74)

.76

Retirement Class:

11/30/25

(e) 14

.57

.16

.16

.32

—

—

—

.89

5/31/25

.01

.45

.59

.04

(0

.30)

(0

.18)

(0

.48)

.57

5/31/24

.69

.36

.25

.61

(0

.29)

—

(0

.29)

.01

5/31/23

.44

.38

(0

.44)

(0

.06)

(0

.23)

(0

.46)

(0

.69)

.69

5/31/22

.63

.26

(1

.35)

(1

.09)

(0

.34)

(0

.76)

(1

.10)

.44

5/31/21

.14

.22

.97

.19

(0

.27)

(0

.43)

(0

.70)

.63

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth

Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

.22

%

$

688

.46

%

(f) 0

.31

%

(f) 2

.30

%

(f) 19

%

.74

651

.45

.31

.28

.00

773

.50

.35

.92

(0

.21)

855

.51

.36

.99

(7

.32)

.48

.34

.93

.93

553

.49

.36

.35

.07

122,446

.56

(f) 0

.41

(f) 2

.22

(f) 19

.71

134,870

.57

.43

.18

.84

161,319

.58

.43

.80

(0

.20)

221,273

.57

.42

.09

(7

.44)

236,147

.55

.42

.83

.80

336,773

.58

.45

.59

.22

2,657,522

.41

(f) 0

.26

(f) 2

.35

(f) 19

.73

2,626,444

.42

.28

.32

.20

2,940,148

.43

.28

.94

(0

.14)

2,939,672

.42

.27

.23

(7

.33)

3,488,042

.40

.27

.01

.96

3,909,833

.43

.30

.76

.06

612,717

.66

(f) 0

.51

(f) 2

.10

(f) 19

.48

605,527

.67

.53

.12

.79

813,651

.68

.53

.69

(0

.30)

845,520

.67

.52

.00

(7

.55)

973,393

.65

.52

.75

.64

1,217,409

.68

.55

.52

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

12.6 Lifecycle 2030

Class I:

11/30/25

(e) $

.58

$

.11

$

.96

$

.07

$

—

$

—

$

—

$

.65

5/31/25

.25

.32

.51

.83

(0

.31)

(0

.19)

(0

.50)

.58

5/31/24

.20

.25

.09

.34

(0

.29)

—

(0

.29)

.25

5/31/23

.97

.26

(0

.29)

(0

.03)

(0

.23)

(0

.51)

(0

.74)

.20

5/31/22

.01

.21

(1

.03)

(0

.82)

(0

.39)

(0

.83)

(1

.22)

.97

5/31/21

.01

.18

.60

.78

(0

.31)

(0

.47)

(0

.78)

.01

Premier Class:

11/30/25

(e) 10

.51

.10

.95

.05

—

—

—

.56

5/31/25

.19

.30

.51

.81

(0

.30)

(0

.19)

(0

.49)

.51

5/31/24

.14

.25

.08

.33

(0

.28)

—

(0

.28)

.19

5/31/23

.91

.26

(0

.30)

(0

.04)

(0

.22)

(0

.51)

(0

.73)

.14

5/31/22

.95

.19

(1

.02)

(0

.83)

(0

.38)

(0

.83)

(1

.21)

.91

5/31/21

.96

.17

.59

.76

(0

.30)

(0

.47)

(0

.77)

.95

Class R6:

11/30/25

(e) 10

.58

.11

.96

.07

—

—

—

.65

5/31/25

.26

.32

.51

.83

(0

.32)

(0

.19)

(0

.51)

.58

5/31/24

.20

.26

.10

.36

(0

.30)

—

(0

.30)

.26

5/31/23

.97

.28

(0

.30)

(0

.02)

(0

.24)

(0

.51)

(0

.75)

.20

5/31/22

.01

.21

(1

.02)

(0

.81)

(0

.40)

(0

.83)

(1

.23)

.97

5/31/21

.01

.19

.60

.79

(0

.32)

(0

.47)

(0

.79)

.01

Retirement Class:

11/30/25

(e) 15

.58

.14

.41

.55

—

—

—

.13

5/31/25

.88

.44

.73

.17

(0

.28)

(0

.19)

(0

.47)

.58

5/31/24

.22

.34

.58

.92

(0

.26)

—

(0

.26)

.88

5/31/23

.98

.36

(0

.41)

(0

.05)

(0

.20)

(0

.51)

(0

.71)

.22

5/31/22

.36

.25

(1

.44)

(1

.19)

(0

.36)

(0

.83)

(1

.19)

.98

5/31/21

.39

.22

.51

.73

(0

.29)

(0

.47)

(0

.76)

.36

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth

Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

.11

%

$

947

.44

%

(f) 0

.28

%

(f) 1

.96

%

(f) 17

%

.16

840

.45

.30

.02

.76

853

.51

.37

.57

.09

597

.50

.34

.77

(7

.71)

.46

.31

.88

.41

520

.50

.37

.65

.99

173,133

.57

(f) 0

.40

(f) 1

.85

(f) 17

.04

184,117

.58

.43

.90

.75

199,927

.58

.44

.56

(0

.01)

246,776

.57

.42

.84

(7

.87)

265,245

.56

.41

.66

.35

369,690

.58

.45

.52

.11

3,635,644

.42

(f) 0

.25

(f) 1

.99

(f) 17

.16

3,434,340

.43

.28

.06

.95

3,630,602

.43

.29

.70

.15

3,405,403

.42

.27

.97

(7

.66)

3,872,654

.41

.26

.86

.49

4,216,718

.43

.30

.69

.95

767,514

.67

(f) 0

.50

(f) 1

.74

(f) 17

.89

745,870

.68

.53

.85

.66

921,422

.68

.54

.45

(0

.10)

899,081

.67

.52

.74

(7

.94)

1,008,369

.66

.51

.60

.25

1,254,456

.68

.55

.46

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

12.7 Lifecycle 2035

Class I:

11/30/25

(e) $

.04

$

.09

$

.13

$

.22

$

—

$

—

$

—

$

.26

5/31/25

.63

.30

.59

.89

(0

.29)

(0

.19)

(0

.48)

.04

5/31/24

.33

.23

.34

.57

(0

.27)

—

(0

.27)

.63

5/31/23

.12

.24

(0

.23)

.01

(0

.21)

(0

.59)

(0

.80)

.33

5/31/22

.35

.19

(1

.07)

(0

.88)

(0

.41)

(0

.94)

(1

.35)

.12

5/31/21

.06

.18

.96

.14

(0

.31)

(0

.54)

(0

.85)

.35

Premier Class:

11/30/25

(e) 11

.02

.09

.12

.21

—

—

—

.23

5/31/25

.61

.29

.59

.88

(0

.28)

(0

.19)

(0

.47)

.02

5/31/24

.31

.23

.33

.56

(0

.26)

—

(0

.26)

.61

5/31/23

.10

.24

(0

.24)

—

(0

.20)

(0

.59)

(0

.79)

.31

5/31/22

.33

.18

(1

.07)

(0

.89)

(0

.40)

(0

.94)

(1

.34)

.10

5/31/21

.04

.17

.96

.13

(0

.30)

(0

.54)

(0

.84)

.33

Class R6:

11/30/25

(e) 11

.06

.10

.12

.22

—

—

—

.28

5/31/25

.65

.31

.59

.90

(0

.30)

(0

.19)

(0

.49)

.06

5/31/24

.35

.24

.34

.58

(0

.28)

—

(0

.28)

.65

5/31/23

.13

.25

(0

.22)

.03

(0

.22)

(0

.59)

(0

.81)

.35

5/31/22

.37

.20

(1

.08)

(0

.88)

(0

.42)

(0

.94)

(1

.36)

.13

5/31/21

.07

.19

.97

.16

(0

.32)

(0

.54)

(0

.86)

.37

Retirement Class:

11/30/25

(e) 16

.81

.12

.72

.84

—

—

—

.65

5/31/25

.95

.43

.88

.31

(0

.26)

(0

.19)

(0

.45)

.81

5/31/24

.88

.33

.98

.31

(0

.24)

—

(0

.24)

.95

5/31/23

.63

.34

(0

.32)

.02

(0

.18)

(0

.59)

(0

.77)

.88

5/31/22

.27

.24

(1

.56)

(1

.32)

(0

.38)

(0

.94)

(1

.32)

.63

5/31/21

.78

.22

.09

.31

(0

.28)

(0

.54)

(0

.82)

.27

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth

Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

.05

%

$

980

.46

%

(f) 0

.28

%

(f) 1

.58

%

(f) 15

%

.41

878

.46

.30

.76

.03

918

.54

.38

.35

.46

597

.52

.36

.58

(8

.20)

.49

.34

.64

.02

.52

.39

.56

.98

188,394

.57

(f) 0

.39

(f) 1

.48

(f) 15

.36

198,432

.58

.42

.64

.98

215,181

.59

.43

.29

.39

264,692

.58

.41

.55

(8

.29)

277,894

.56

.40

.52

.99

396,128

.59

.45

.46

.03

4,163,221

.42

(f) 0

.24

(f) 1

.62

(f) 15

.51

3,879,694

.43

.27

.80

.10

3,987,848

.44

.28

.46

.66

3,634,034

.43

.26

.68

(8

.19)

4,103,430

.41

.25

.72

.19

4,468,950

.44

.30

.63

.95

794,863

.67

(f) 0

.49

(f) 1

.37

(f) 15

.21

756,169

.68

.52

.59

.78

910,652

.69

.53

.19

.38

853,592

.68

.51

.46

(8

.42)

923,818

.66

.50

.46

.86

1,157,175

.69

.55

.40

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

12.8 Lifecycle 2040

Class I:

11/30/25

(e) $

.39

$

.06

$

.35

$

.41

$

—

$

—

$

—

$

.80

5/31/25

.89

.29

.68

.97

(0

.26)

(0

.21)

(0

.47)

.39

5/31/24

.34

.21

.59

.80

(0

.25)

—

(0

.25)

.89

5/31/23

.11

.21

(0

.15)

.06

(0

.18)

(0

.65)

(0

.83)

.34

5/31/22

.51

.18

(1

.10)

(0

.92)

(0

.43)

(1

.05)

(1

.48)

.11

5/31/21

.98

.17

.30

.47

(0

.32)

(0

.62)

(0

.94)

.51

Premier Class:

11/30/25

(e) 11

.35

.06

.34

.40

—

—

—

.75

5/31/25

.86

.25

.70

.95

(0

.25)

(0

.21)

(0

.46)

.35

5/31/24

.32

.20

.58

.78

(0

.24)

—

(0

.24)

.86

5/31/23

.09

.21

(0

.16)

.05

(0

.17)

(0

.65)

(0

.82)

.32

5/31/22

.48

.17

(1

.09)

(0

.92)

(0

.42)

(1

.05)

(1

.47)

.09

5/31/21

.95

.15

.31

.46

(0

.31)

(0

.62)

(0

.93)

.48

Class R6:

11/30/25

(e) 11

.40

.07

.34

.41

—

—

—

.81

5/31/25

.90

.27

.71

.98

(0

.27)

(0

.21)

(0

.48)

.40

5/31/24

.35

.22

.59

.81

(0

.26)

—

(0

.26)

.90

5/31/23

.12

.23

(0

.17)

.06

(0

.18)

(0

.65)

(0

.83)

.35

5/31/22

.52

.19

(1

.10)

(0

.91)

(0

.44)

(1

.05)

(1

.49)

.12

5/31/21

.99

.18

.30

.48

(0

.33)

(0

.62)

(0

.95)

.52

Retirement Class:

11/30/25

(e) 18

.06

.08

.13

.21

—

—

—

.27

5/31/25

.01

.39

.10

.49

(0

.23)

(0

.21)

(0

.44)

.06

5/31/24

.46

.30

.47

.77

(0

.22)

—

(0

.22)

.01

5/31/23

.18

.32

(0

.25)

.07

(0

.14)

(0

.65)

(0

.79)

.46

5/31/22

.04

.24

(1

.66)

(1

.42)

(0

.39)

(1

.05)

(1

.44)

.18

5/31/21

.05

.21

.69

.90

(0

.29)

(0

.62)

(0

.91)

.04

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth

Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

.38

%

$

.47

%

(f) 0

.28

%

(f) 1

.05

%

(f) 13

%

.93

.47

.29

.57

.49

591

.54

.36

.07

.04

.52

.33

.27

(8

.55)

.48

.31

.53

.84

.51

.37

.48

.33

202,140

.57

(f) 0

.38

(f) 0

.96

(f) 13

.80

226,681

.59

.41

.27

.32

249,804

.59

.42

.00

.94

305,164

.58

.40

.28

(8

.57)

314,758

.56

.39

.44

.81

441,951

.59

.45

.36

.37

5,196,915

.43

(f) 0

.23

(f) 1

.09

(f) 13

.03

4,806,853

.44

.26

.45

.56

4,859,805

.44

.27

.17

.11

4,401,861

.43

.25

.42

(8

.47)

4,851,096

.41

.24

.61

.87

5,311,332

.44

.29

.54

.24

951,769

.68

(f) 0

.48

(f) 0

.85

(f) 13

.74

892,315

.69

.51

.23

.27

1,057,099

.69

.52

.90

.79

991,507

.68

.50

.20

(8

.67)

1,085,996

.66

.49

.36

.59

1,391,417

.69

.55

.31

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

12.9 Lifecycle 2045

Class I:

11/30/25

(e) $

.60

$

.05

$

.89

$

.94

$

—

$

—

$

—

$

.54

5/31/25

.86

.33

.95

.28

(0

.28)

(0

.26)

(0

.54)

.60

5/31/24

.69

.24

.19

.43

(0

.26)

—

(0

.26)

.86

5/31/23

.61

.19

(0

.12)

.07

(0

.19)

(0

.80)

(0

.99)

.69

5/31/22

.57

.23

(1

.40)

(1

.17)

(0

.52)

(1

.27)

(1

.79)

.61

5/31/21

.99

.22

.41

.63

(0

.35)

(0

.70)

(1

.05)

.57

Premier Class:

11/30/25

(e) 14

.51

.05

.87

.92

—

—

—

.43

5/31/25

.79

.29

.96

.25

(0

.27)

(0

.26)

(0

.53)

.51

5/31/24

.62

.23

.19

.42

(0

.25)

—

(0

.25)

.79

5/31/23

.54

.24

(0

.18)

.06

(0

.18)

(0

.80)

(0

.98)

.62

5/31/22

.49

.20

(1

.38)

(1

.18)

(0

.50)

(1

.27)

(1

.77)

.54

5/31/21

.93

.18

.42

.60

(0

.34)

(0

.70)

(1

.04)

.49

Class R6:

11/30/25

(e) 14

.60

.06

.88

.94

—

—

—

.54

5/31/25

.87

.31

.98

.29

(0

.30)

(0

.26)

(0

.56)

.60

5/31/24

.69

.25

.20

.45

(0

.27)

—

(0

.27)

.87

5/31/23

.61

.26

(0

.18)

.08

(0

.20)

(0

.80)

(1

.00)

.69

5/31/22

.57

.22

(1

.38)

(1

.16)

(0

.53)

(1

.27)

(1

.80)

.61

5/31/21

.98

.20

.45

.65

(0

.36)

(0

.70)

(1

.06)

.57

Retirement Class:

11/30/25

(e) 14

.44

.04

.85

.89

—

—

—

.33

5/31/25

.72

.28

.96

.24

(0

.26)

(0

.26)

(0

.52)

.44

5/31/24

.57

.21

.18

.39

(0

.24)

—

(0

.24)

.72

5/31/23

.48

.23

(0

.18)

.05

(0

.16)

(0

.80)

(0

.96)

.57

5/31/22

.43

.18

(1

.37)

(1

.19)

(0

.49)

(1

.27)

(1

.76)

.48

5/31/21

.89

.17

.39

.56

(0

.32)

(0

.70)

(1

.02)

.43

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth

Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

.29

%

$

751

.46

%

(f) 0

.26

%

(f) 0

.69

%

(f) 13

%

.28

644

.46

.27

.28

.04

838

.54

.36

.86

.03

565

.52

.33

.67

(8

.67)

.45

.27

.55

.64

.50

.35

.57

.23

155,873

.58

(f) 0

.38

(f) 0

.59

(f) 13

.13

173,496

.59

.40

.02

.06

186,993

.60

.42

.78

.92

225,586

.58

.40

.06

(8

.77)

224,448

.56

.38

.34

.52

309,234

.59

.45

.26

.29

4,029,259

.43

(f) 0

.23

(f) 0

.72

(f) 13

.32

3,648,655

.44

.25

.19

.22

3,613,760

.45

.27

.96

.08

3,141,514

.43

.25

.19

(8

.63)

3,351,968

.41

.23

.52

.80

3,557,269

.44

.30

.44

.09

574,937

.68

(f) 0

.48

(f) 0

.47

(f) 13

.06

539,799

.69

.50

.99

.88

645,652

.70

.52

.69

.90

581,879

.68

.50

.97

(8

.89)

613,731

.66

.48

.26

.38

779,894

.69

.55

.21

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

13.01 Lifecycle 2050

Class I:

11/30/25

(e) $

.13

$

.04

$

.04

$

.08

$

—

$

—

$

—

$

.21

5/31/25

.32

.28

.07

.35

(0

.28)

(0

.26)

(0

.54)

.13

5/31/24

.98

.24

.36

.60

(0

.26)

—

(0

.26)

.32

5/31/23

.89

.23

(0

.16)

.07

(0

.18)

(0

.80)

(0

.98)

.98

5/31/22

.82

.13

(1

.34)

(1

.21)

(0

.53)

(1

.19)

(1

.72)

.89

5/31/21

.04

.14

.63

.77

(0

.36)

(0

.63)

(0

.99)

.82

Premier Class:

11/30/25

(e) 15

.04

.03

.03

.06

—

—

—

.10

5/31/25

.25

.28

.04

.32

(0

.27)

(0

.26)

(0

.53)

.04

5/31/24

.91

.22

.36

.58

(0

.24)

—

(0

.24)

.25

5/31/23

.83

.23

(0

.18)

.05

(0

.17)

(0

.80)

(0

.97)

.91

5/31/22

.76

.20

(1

.42)

(1

.22)

(0

.52)

(1

.19)

(1

.71)

.83

5/31/21

.00

.18

.55

.73

(0

.34)

(0

.63)

(0

.97)

.76

Class R6:

11/30/25

(e) 15

.12

.04

.04

.08

—

—

—

.20

5/31/25

.31

.31

.05

.36

(0

.29)

(0

.26)

(0

.55)

.12

5/31/24

.97

.24

.37

.61

(0

.27)

—

(0

.27)

.31

5/31/23

.89

.25

(0

.18)

.07

(0

.19)

(0

.80)

(0

.99)

.97

5/31/22

.83

.22

(1

.42)

(1

.20)

(0

.55)

(1

.19)

(1

.74)

.89

5/31/21

.05

.20

.57

.77

(0

.36)

(0

.63)

(0

.99)

.83

Retirement Class:

11/30/25

(e) 14

.94

.02

.02

.04

—

—

—

.98

5/31/25

.16

.27

.02

.29

(0

.25)

(0

.26)

(0

.51)

.94

5/31/24

.84

.21

.34

.55

(0

.23)

—

(0

.23)

.16

5/31/23

.76

.22

(0

.18)

.04

(0

.16)

(0

.80)

(0

.96)

.84

5/31/22

.68

.18

(1

.40)

(1

.22)

(0

.51)

(1

.19)

(1

.70)

.76

5/31/21

.94

.17

.53

.70

(0

.33)

(0

.63)

(0

.96)

.68

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Floating Rate Income, Growth

Opportunities ETF, International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

.75

%

$

622

.47

%

(f) 0

.26

%

(f) 0

.47

%

(f) 13

%

.44

530

.47

.27

.92

.89

.52

.33

.82

.00

.50

.31

.90

(8

.75)

580

.49

.30

.93

.56

.49

.33

.96

.70

115,948

.58

(f) 0

.38

(f) 0

.38

(f) 13

.27

126,595

.60

.40

.88

.90

137,821

.60

.41

.69

.89

163,684

.59

.39

.97

(8

.86)

159,978

.56

.37

.34

.35

205,713

.60

.44

.25

.76

3,330,168

.43

(f) 0

.23

(f) 0

.51

(f) 13

.54

2,970,304

.45

.25

.07

.99

2,901,702

.45

.26

.87

.06

2,485,183

.44

.24

.09

(8

.73)

2,529,399

.41

.22

.49

.55

2,626,383

.45

.29

.43

.65

431,062

.68

(f) 0

.48

(f) 0

.26

(f) 13

.15

405,136

.70

.50

.85

.76

465,853

.70

.51

.60

.79

416,557

.69

.49

.88

(8

.93)

439,910

.66

.47

.22

.27

549,874

.70

.54

.19

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

13.1 Lifecycle 2055

Class I:

11/30/25

(e) $

17.95 $

0.04 $

2.44 $

2.48 $

—

$

—

$

—

$

20.43 5/31/25

16.99 0.35 1.27 1.62 (0.32)

(0.34)

(0.66)

17.95 5/31/24

14.17 0.27 2.83 3.10 (0.28)

—

(0.28)

16.99 5/31/23

15.17 0.25 (0.16)

0.09 (0.22)

(0.87)

(1.09)

14.17 5/31/22

18.37 0.26 (1.69)

(1

.43)

(0.62)

(1.15)

(1.77)

15.17 5/31/21

13.77 0.23 5.30 5.53 (0.40)

(0.53)

(0.93)

18.37 Premier Class:

11/30/25

(e) 17.86 0.03 2.43 2.46 —

—

—

20.32 5/31/25

16.92 0.32 1.27 1.59 (0.31)

(0.34)

(0.65)

17.86 5/31/24

14.11 0.26 2.82 3.08 (0.27)

—

(0.27)

16.92 5/31/23

15.11 0.27 (0.20)

0.07 (0.20)

(0.87)

(1.07)

14.11 5/31/22

18.30 0.23 (1.67)

(1.44)

(0.60)

(1.15)

(1.75)

15.11 5/31/21

13.72 0.20 5.29 5.49 (0.38)

(0.53)

(0

.91)

18.30 Class R6:

11/30/25

(e) 17.94 0.04 2.45 2.49 —

—

—

20.43 5/31/25

17.00 0.36 1.26 1.62 (0.34)

(0.34)

(0.68)

17.94 5/31/24

14.17 0.29 2.83 3.12 (0.29)

—

(0.29)

17.00 5/31/23

15.18 0.29 (0.21)

0.08 (0.22)

(0.87)

(1.09)

14.17 5/31/22

18.38 0.26 (1.68)

(1.42)

(0.63)

(1.15)

(1.78)

15.18 5/31/21

13.77 0.23 5.32 5.55 (0.41)

(0.53)

(0.94)

18.38 Retirement Class:

11/30/25

(e) 17.84 0.02 2.43 2.45 —

—

—

20.29 5/31/25

16.91 0.31 1.25 1.56 (0.29)

(0.34)

(0.63)

17.84 5/31/24

14.09 0.24 2.84 3.08 (0.26)

—

(0.26)

16.91 5/31/23

15.10 0.26 (0.21)

0.05 (0.19)

(0.87)

(1.06)

14.09 5/31/22

18.29 0.21 (1.67)

(1.46)

(0.58)

(1.15)

(1.73)

15.10 5/31/21

13.71 0.19 5.29 5.48 (0.37)

(0.53)

(0.90)

18.29 (a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF,

International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

.82

%

$

0.47 %

(f) 0.27 %

(f) 0.41 %

(f) 14

%

9.54 418

0.48 0.28 2.00 19

22.11 542

0.54 0.34 1.74 16

1.11 334

0.51 0.31 1.79 25

(8.78)

0.45 0.26 1.49 26

41.04 162

0.50 0.33 1.40 41

13.77 66,629

0.58 (f) 0.38 (f) 0.33 (f) 14

9.41 71,942

0.60 0

.40

1.83 19

22.02 71,798

0.61 0.41 1.69 16

0.99 81,671

0.59 0.39 1.93 25

(8.86)

76,685

0.57 0.37 1.33 26

40.88 93,442

0.60 0.44 1.24 41

13.88 1,809,682

0.43 (f) 0.23 (f) 0.46 (f) 14

9.53 1,581,178

0.45 0.25 2.03 19

22.26 1,472,020

0.46 0.26 1.84 16

1.08 1,189,521

0.44 0.24 2.05 25

(8.73)

1,127,411

0.42 0.22 1.47 26

41.14 1,092,033

0.47 0.29 1.41 41

13.73 215,460

0.68 (f) 0.48 (f) 0.21 (f) 14

9.25 201,187

0.70 0.50 1.80 19

22.02 221,889

0.71 0.51 1.56 16

0.82 194,120

0.69 0.49 1.85 25

(8.97)

195,461

0.67 0.47 1.21 26

40.80 237,666

0.71 0.54 1.18 41

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

13.2 Lifecycle 2060

Class I:

11/30/25

(e) $

15.62 $

0.03 $

2.15 $

2.18 $

—

$

—

$

—

$

17.80 5/31/25

14.71 0.31 1.09 1.40 (0.26)

(0.23)

(0.49)

15.62 5/31/24

12.21 0.23 2.49 2.72 (0.22)

(0.00)

(g) (0.22)

14.71 5/31/23

12.95 0.22 (0.15)

0.07 (0.18)

(0.63)

(0.81)

12.21 5/31/22

15.35 0.22 (1.44)

(1.22)

(0.52)

(0.66)

(1.18)

12.95 5/31/21

11.35 0.17 4.46 4.63 (0.32)

(0.31)

(0.63)

15.35 Premier Class:

11/30/25

(e) 15.57 0.02 2.15 2.17 —

—

—

17.74 5/31/25

14.68 0.27 1.10 1.37 (0.25)

(0.23)

(0.48)

15.57 5/31/24

12.19 0.23 2.47 2.70 (0.21)

(0.00)

(g) (0.21)

14.68 5/31/23

12.92 0.23 (0.16)

0.07 (0.17)

(0.63)

(0.80)

12.19 5/31/22

15.33 0.20 (1.44)

(1.24)

(0.51)

(0.66)

(1.17)

12.92 5/31/21

11.33 0.17 4.44 4.61 (0.30)

(0.31)

(0.61)

15.33 Class R6:

11/30/25

(e) 15.63 0.03 2.15 2.18 —

—

—

17.81 5/31/25

14.73 0.30 1

.11

1.41 (0.28)

(0.23)

(0.51)

15.63 5/31/24

12.23 0.24 2.49 2.73 (0.23)

(0.00)

(g) (0.23)

14.73 5/31/23

12.96 0.24 (0.15)

0.09 (0.19)

(0.63)

(0.82)

12.23 5/31/22

15.36 0.22 (1.43)

(1.21)

(0.53)

(0.66)

(1.19)

12.96 5/31/21

11.35 0.19 4.45 4.64 (0.32)

(0.31)

(0.63)

15.36 Retirement Class:

11/30/25

(e) 15.54 0.01 2.15 2.16 —

—

—

17.70 5/31/25

14.65 0.26 1.10 1.36 (0.24)

(0.23)

(0.47)

15.54 5/31/24

12.17 0.20 2.48 2.68 (0.20)

(0.00)

(g) (0.20)

14.65 5/31/23

12.90 0.21 (0.15)

0.06 (0.16)

(0.63)

(0.79)

12.17 5/31/22

15.30 0.18 (1.43)

(1.25)

(0.49)

(0.66)

(1.15)

12.90 5/31/21

11.31 0.16 4.43 4.59 (0.29)

(0.31)

(0.60)

15.30 (a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF,

International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

(g) Value rounded to zero.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

.96

%

$

0.47 %

(f) 0.25 %

(f) 0.38 %

(f) 13

%

9.54 353

0.52 0.30 2.00 17

22.46 530

0.56 0.35 1.75 15

1.02 397

0.55 0.31 1.85 24

(8.77)

0.51 0.28 1.48 26

41.50 241

0.54 0.34 1.25 40

13.94 27,861

0.59 (f) 0.38 (f) 0.28 (f) 13

9.40 29,013

0.62 0

.40

1.79 17

22.33 26,358

0.63 0.41 1.70 15

.01

23,600

0.62 0.39 1.90 24

(8.92)

19,013

0.60 0.37 1.39 26

41.44 18,792

0.64 0.44 1.25 40

13.95 882,930

0.44 (f) 0.23 (f) 0.40 (f) 13

9.59 730,799

0.47 0.25 1.99 17

22.51 620,377

0.48 0.26 1.80 15

1.16 436,209

0.47 0.24 2.00 24

(8.71)

364,640

0.45 0.22 1.48 26

41.61 313,864

0.49 0.29 1.39 40

13.90 99,981

0.69 (f) 0.48 (f) 0.16 (f) 13

9.31 90,958

0.72 0.50 1.73 17

22.17 87,446

0.73 0.51 1.51 15

0.90 67,883

0.72 0.49 1.78 24

(8.97)

60,036

0.70 0.47 1.22 26

41.31 63,880

0.74 0.54 1.16 40

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

e

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

13.3 Lifecycle 2065

Class I:

11/30/25

(e) $

13.20 $

0.02 $

1.83 $

1.85 $

—

$

—

$

—

$

15.05 5/31/25

12.49 0.20 1.00 1.20 (0.31)

(0.18)

(0.49)

13.20 5/31/24

10.34 0.20 2.14 2.34 (0.18)

(0.01)

(0.19)

12.49 5/31/23

10.55 0.20 (0.11)

0.09 (0.15)

(0.15)

(0.30)

10.34 5/31/22

12.44 0.19 (1.21)

(1.02)

(0.55)

(0.32)

(0.87)

10.55 5/31/21

(g) 10.00 0.13 2.60 2.73 (0.26)

(0.03)

(0.29)

12.44 Premier Class:

11/30/25

(e) 13.35 0.02 1.85 1.87 —

—

—

15.22 5/31/25

12.55 0.22 0.95 1.17 (0.19)

(0.18)

(0.37)

13.35 5/31/24

10.39 0.19 2.15 2.34 (0.17)

(0.01)

(0.18)

12.55 5/31/23

10.59 0.18 (0.10)

0.08 (0.13)

(0.15)

(0.28)

10.39 5/31/22

12.43 0.13 (1.13)

(1.00)

(0.52)

(0.32)

(0.84)

10.59 5/31/21

(g) 10.00 0.12 2.60 2.72 (0

.26)

(0.03)

(0.29)

12.43 Class R6:

11/30/25

(e) 13.56 0.03 1.88 1.91 —

—

—

15.47 5/31/25

12.74 0.25 0.96 1.21 (0.21)

(0.18)

(0.39)

13.56 5/31/24

10.53 0.20 2.20 2.40 (0.18)

(0.01)

(0.19)

12.74 5/31/23

10.74 0.19 (0.09)

0.10 (0.16)

(0.15)

(0.31)

10.53 5/31/22

12.45 0.17 (1.15)

(0.98)

(0.41)

(0.32)

(0.73)

10.74 5/31/21

(g) 10.00 0.14 2.60 2.74 (0.26)

(0.03)

(0.29)

12.45 Retirement Class:

11/30/25

(e) 13.54 0.01 1.88 1

.89

—

—

—

15.43 5/31/25

12.72 0.23 0.95 1.18 (0.18)

(0.18)

(0.36)

13.54 5/31/24

10.53 0.18 2.18 2.36 (0.16)

(0.01)

(0.17)

12.72 5/31/23

10.73 0.17 (0.09)

0.08 (0.13)

(0.15)

(0.28)

10.53 5/31/22

12.42 0.10 (1.07)

(0.97)

(0.40)

(0.32)

(0.72)

10.73 5/31/21

(g) 10.00 0.12 2.58 2.70 (0.25)

(0.03)

(0.28)

12.42 (a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF,

International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

(g) The Fund commenced operations on September 30, 2020.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

14.02 %

$

0.60 %

(f) 0.31 %

(f) 0.27 %

(f) 22

%

9.63 146

0.64 0.26 1.57 29

22.77 687

0.76 0.26 1.79 34

1.05 541

0.96 0.24 2.04 55

(8.96)

527

1.81 0.23 1.55 109

27.62 622

5.07 (f) 0.41 (f) 1.70 (f) 49

14.01 7,493

0.66 (f) 0.37 (f) 0.23 (f) 22

9.41 6,145

0.78 0.39 1.70 29

22.58 4,320

0.90 0.40 1.68 34

0.94 2,922

1.10 0.38 1.84 55

(8.78)

1,784

1.96 0.36 1.11 109

27.51 726

5.20 (f) 0.41 (f) 1.60 (f) 49

14.09 157,604

0.51 (f) 0.22 (f) 0.35 (f) 22

9.56 114,266

0.63 0.24 1.89 29

22.85 71,437

0.75 0.25 1

.75

1.07 31,199

0.95 0.23 1.85 55

(8.52)

17,581

1.80 0.21 1.44 109

27.76 4,818

4.73 (f) 0.26 (f) 1.81 (f) 49

13.96 23,613

0.76 (f) 0.47 (f) 0.11 (f) 22

9.35 19,341

0.88 0.49 1.71 29

22.46 14,493

1.00 0.50 1.51 34

0.88 7,460

1.20 0.48 1.71 55

(8.46)

3,862

2.06 0.46 0.91 109

27.38 802

.33

(f) 0.51 (f) 1.54 (f) 49

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

e

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

13.4 Lifecycle 2070

Class I:

11/30/25

(e)(f) $

10.00 $

(0.00)

(g) $

0.23 $

0.23 $

—

$

—

$

—

$

10.23 Premier Class:

11/30/25

(e)(f) 10.00 (0.00)

(g) 0.23 0.23 —

—

—

10.23 Class R6:

11/30/25

(e)(f) 10.00 (0.00)

(g) 0.23 0.23 —

—

—

10.23 Retirement Class:

11/30/25

(e)(f) 10.00 (0.00)

(g) 0.23 0.23 —

—

—

10.23 (a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios include the expenses of the Underlying Funds, excluding the expenses of the Dividend Growth, Dividend Value, Growth Opportunities ETF,

International Value, Small Cap Select and the Nuveen Real Property Fund LP and exclude the income of the Underlying Funds.

(e) Unaudited

(f) The Fund commenced operations on September 30, 2025.

(g) Value rounded to zero.

(h) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

2.30 %

$

511

6.65 %

(h) 0.35 %

(h) (0.19)

%

(h) 2

%

2.30 511

6.76 (h) 0.35 (h) (0.19)

(h) 2

2.30 3,580

6.22 (h) 0.20 (h) (0.04)

(h) 2

2.30 511

6.86 (h) 0.45 (h) (0.29)

(h) 2

Notes to Financial Statements

(Unaudited)

1. General Information

Trust and Fund Information:

TIAA-CREF Funds (the "Trust") is an open-end management investment company registered under the

Investment Company Act of 1940 ("1940 Act"), as amended. The Trust is comprised of the following (collectively the "Funds" or

individually, the "Fund"), among others:

Current Fiscal Period:

The end of the reporting period for the Funds is November 30, 2025, and the period covered by these Notes to

Financial Statements is the six months ended November 30, 2025 while the period for Lifecycle 2070 is the period September 30,

2025 (commencement of operations) through November 30, 2025 (the "current fiscal period").

Investment Adviser:

Teachers Advisors, LLC (the "Adviser"), a wholly owned indirect subsidiary of Teachers Insurance and Annuity

Association of America ("TIAA"), is registered with the Securities and Exchange Commission ("SEC") as an investment adviser and

provides investment management services for the Funds.

Share Classes and Sales Charges:

Each Fund is a "fund of funds" that diversifies its assets by investing in Class W, Class I or Class

R6 shares of other Nuveen mutual funds and potentially other investment pools or investment products including other funds or

exchange-traded funds ("ETFs") advised by the Adviser or its affiliates. The Funds offer Class A (Lifecycle Retirement Income only),

Class I, Premier Class, Class R6 and Retirement Class shares. Each class differs by the allocation of class-specific expenses and

voting rights in matters affecting a single class. The Funds offer their shares through their principal underwriter, Nuveen Securities,

LLC ("Nuveen Securities"), which is a wholly owned indirect subsidiary of TIAA.

Class A Shares are generally sold with an up-front sales charge. Class A Shares purchases of $1 million or more are sold with

respect to the Retirement Income Fund at net asset value ("NAV") without an up-front sales charge but may be subject to a

contingent deferred sales charge ("CDSC") of 1% if redeemed within eighteen months of purchase. Class I, Premier Class, Class R6

and Retirement Class shares are sold without an up-front sales charge.

2. Significant Accounting Policies

The accompanying financial statements were prepared in accordance with accounting principles generally accepted in the United

States of America ("U.S. GAAP"), which may require the use of estimates made by management and the evaluation of subsequent

events. Actual results may differ from those estimates. The Funds are investment companies and follow the accounting guidance

in the Financial Accounting Standards Board ("FASB") Accounting Standards Codification 946, Financial Services — Investment

Companies. The NAV for financial reporting purposes may differ from the NAV for processing security and common share transactions.

The NAV for financial reporting purposes includes security and common share transactions through the date of the report. Total return

is computed based on the NAV used for processing security and common share transactions. The following is a summary of the

significant accounting policies consistently followed by the Funds.

Compensation:

The Funds pay the members of the Board of Trustees ("Board") all of whom are independent, certain remuneration

for their services, plus travel and other expenses. The Board has adopted a deferred compensation plan for independent trustees

that enables trustees to elect to defer receipt of all or a portion of the annual compensation they are entitled to receive from

certain Nuveen-advised funds. Under the plan, deferred amounts are treated as though equal dollar amounts had been invested in

shares of select Nuveen-advised funds. Amounts deferred are retained by the Funds until paid. Amounts payable to the trustees for

compensation are included separately in the accompanying Statement of Assets and Liabilities. Trustees' fees, including any deferred

compensation incurred, are reflected in the Statement of Operations.

Fund Name

Short Name

Nuveen Lifecycle Retirement Income Fund

Lifecycle Retirement Income

Nuveen Lifecycle 2010 Fund

Lifecycle 2010

Nuveen Lifecycle 2015 Fund

Lifecycle 2015

Nuveen Lifecycle 2020 Fund

Lifecycle 2020

Nuveen Lifecycle 2025 Fund

Lifecycle 2025

Nuveen Lifecycle 2030 Fund

Lifecycle 2030

Nuveen Lifecycle 2035 Fund

Lifecycle 2035

Nuveen Lifecycle 2040 Fund

Lifecycle 2040

Nuveen Lifecycle 2045 Fund

Lifecycle 2045

Nuveen Lifecycle 2050 Fund

Lifecycle 2050

Nuveen Lifecycle 2055 Fund

Lifecycle 2055

Nuveen Lifecycle 2060 Fund

Lifecycle 2060

Nuveen Lifecycle 2065 Fund

Lifecycle 2065

Nuveen Lifecycle 2070 Fund

Lifecycle 2070

Distributions to Shareholders:

Distributions to shareholders are recorded on the ex-dividend date. The amount, character and timing of

distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP.

Indemnifications:

Under the Trust's organizational documents, its officers and trustees are indemnified against certain liabilities

arising out of the performance of their duties to the Trust. In addition, in the normal course of business, the Trust enters into

contracts that provide general indemnifications to other parties. The Trust's maximum exposure under these arrangements is

unknown as this would involve future claims that may be made against the Trust that have not yet occurred. However, the Trust has

not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Investments and Investment Income:

Securities transactions are accounted for as of the trade date for financial reporting purposes.

Interest income is recorded on an accrual basis and includes accretion of discounts and amortization of premiums. Dividend income

is recorded on the ex-dividend date. Realized gains and losses on securities transactions are based upon the specific identification

method. Distributions received on securities that represent a return of capital or capital gains are recorded as a reduction of cost of

investments and/or as a realized gain. The Funds estimate the components of distributions received that may be considered return

of capital distributions or capital gain distributions.

Multiclass Operations and Allocations:

Income, expenses, realized gains and losses and unrealized appreciation and depreciation of

a Fund are allocated on a pro rata basis to each class of shares, except for service agreement fees, distribution fees and transfer

agency fees and expenses, which are unique to each class of shares. Most expenses of the Trust can be directly attributed to a

Fund. Expenses that cannot be directly attributed are allocated to each Fund in the Trust based upon the average net assets of each

Fund.

Netting Agreements:

In the ordinary course of business, the Funds may enter into transactions subject to enforceable master

repurchase agreements, International Swaps and Derivatives Association, Inc. (ISDA) master agreements or other similar

arrangements ("netting agreements"). Generally, the right to offset in netting agreements allows each Fund to offset certain

securities and derivatives with a specific counterparty, when applicable, as well as any collateral received or delivered to that

counterparty based on the terms of the agreements. Generally, each Fund manages its cash collateral and securities collateral on a

counterparty basis. With respect to certain counterparties, in accordance with the terms of the netting agreements, collateral posted

to the Funds is held in a segregated account by the Funds' custodian and/or with respect to those amounts which can be sold or

repledged, are presented in the Funds' Portfolio of Investments or Statement of Assets and Liabilities.

The Funds' investments subject to netting agreements as of the end of the current fiscal period, if any, are further described later in

these Notes to Financial Statements.

Segment

Reporting

:

Each Fund represents a single operating segment. The officers of the Funds act as the chief operating decision

maker ("CODM"). The CODM monitors the operating results of each Fund as a whole and is responsible for each Fund's long-term

strategic asset allocation in accordance with the terms of its prospectus, based on a defined investment strategy which is executed

by the Fund's portfolio managers as a team. The financial information in the form of the Fund's portfolio composition, total returns,

expense ratios and changes in net assets (i.e., changes in net assets resulting from operations, subscriptions and redemptions),

which are used by the CODM to assess the segment's performance versus the Fund's comparative benchmarks and to make

resource allocation decisions for the Fund's single segment, is consistent with that presented within the Fund's financial statements.

Segment assets are reflected on the Statement of Assets and Liabilities as "total assets" and significant segment revenues and

expenses are listed on the Statement of Operations.

New Accounting Pronouncement:

In December 2023, the FASB issued Accounting Standard Update ("ASU") No. 2023-09, Income

Taxes (Topic 740) Improvements to Income tax disclosures ("ASU 2023-09"). The primary purpose of the amendments within ASU

2023-09 is to enhance the transparency and decision usefulness of income tax disclosures primarily related to the rate reconciliation

table and income taxes paid information. The amendments in ASU 2023-09 are effective for annual periods beginning after

December 15, 2024. Management is currently evaluating the implications of these changes on the financial statements.

3. Investment Valuation and Fair Value Measurements

The Funds' investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the

Adviser, subject to the oversight of the Board. Fair value is defined as the price that would be received upon selling an investment

or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the

investment. U.S. GAAP establishes the three-tier hierarchy that is used to maximize the use of observable market data and minimize

the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable

inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market

data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about the

assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information

available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Notes to Financial Statements

(continued)

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest

rates, credit spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the

fair value of investments).

A description of the valuation techniques applied to the Funds' major classifications of assets and liabilities measured at fair value

follows:

Exchange-traded funds listed or traded on a national market or exchange are valued based on their last reported sales price or

official closing price of such market or exchange on the valuation date. To the extent these securities are actively traded and no

valuation adjustments are applied, they are generally classified as Level 1.

Investments in investment companies are valued at their respective NAVs or share price on the valuation date and are generally

classified as Level 1.

Repurchase agreements are valued at contract amount plus accrued interest, which approximates market value. These securities are

generally classified as Level 2.

Investments in unregistered limited partnerships are measured at fair value as of the valuation date using the NAV per share practical

expedient and are not classified within the fair value hierarchy.

The following table summarizes the market value of the Funds' investments as of the end of the current fiscal period, based on the

inputs used to value them:

Fund

Level 1

Level 2

Level 3

Fair value

using practical

expedient

a

Total

Lifecycle Retirement Income

Affiliated investment companies

$

390,087,088

$

—

$

—

17,379,466

$

407,466,554

Short-term investments

—

360,000

—

—

360,000

Total

$

390,087,088

$

360,000

$

—

$

17,379,466

$

407,826,554

Lifecycle 2010

Affiliated investment companies

$

678,417,047

$

—

$

—

13,826,836

$

692,243,883

Short-term investments

—

600,000

—

—

600,000

Total

$

678,417,047

$

600,000

$

—

$

13,826,836

$

692,843,883

Lifecycle 2015

Affiliated investment companies

$

934,770,510

$

—

$

—

40,369,914

$

975,140,424

Short-term investments

—

840,000

—

—

840,000

Total

$

934,770,510

$

840,000

$

—

$

40,369,914

$

975,980,424

Lifecycle 2020

Affiliated investment companies

$

2,002,892,757

$

—

$

—

89,240,999

$

2,092,133,756

Short-term investments

—

3,450,000

—

—

3,450,000

Total

$

2,002,892,757

$

3,450,000

$

—

$

89,240,999

$

2,095,583,756

Lifecycle 2025

Affiliated investment companies

$

3,243,413,034

$

—

$

—

144,488,196

$

3,387,901,230

Short-term investments

—

4,860,000

—

—

4,860,000

Total

$

3,243,413,034

$

4,860,000

$

—

$

144,488,196

$

3,392,761,230

Lifecycle 2030

Affiliated investment companies

$

4,377,882,108

$

—

$

—

193,983,102

$

4,571,865,210

Short-term investments

—

6,040,000

—

—

6,040,000

Total

$

4,377,882,108

$

6,040,000

$

—

$

193,983,102

$

4,577,905,210

Lifecycle 2035

Affiliated investment companies

$

4,923,230,682

$

—

$

—

217,987,401

$

5,141,218,083

Short-term investments

—

7,810,000

—

—

7,810,000

Total

$

4,923,230,682

$

7,810,000

$

—

$

217,987,401

$

5,149,028,083

Lifecycle 2040

Affiliated investment companies

$

6,075,697,523

$

—

$

—

268,188,710

$

6,343,886,233

Short-term investments

—

8,040,000

—

—

8,040,000

Total

$

6,075,697,523

$

8,040,000

$

—

$

268,188,710

$

6,351,926,233

Lifecycle 2045

Affiliated investment companies

$

4,555,392,524

$

—

$

—

200,380,003

$

4,755,772,527

Short-term investments

—

6,990,000

—

—

6,990,000

Total

$

4,555,392,524

$

6,990,000

$

—

$

200,380,003

$

4,762,762,527

Lifecycle 2050

Affiliated investment companies

$

3,710,513,541

$

—

$

—

162,898,937

$

3,873,412,478

Short-term investments

—

5,610,000

—

—

5,610,000

Total

$

3,710,513,541

$

5,610,000

$

—

$

162,898,937

$

3,879,022,478

4. Portfolio Securities

Repurchase Agreements:

In connection with transactions in repurchase agreements, it is the Fund's policy that its custodian take

possession of the underlying collateral securities, the fair value of which exceeds the principal amount of the repurchase transaction,

including accrued interest, at all times. If the counterparty defaults, and the fair value of the collateral declines, realization of the

collateral may be delayed or limited.

The following table presents the repurchase agreements for the Funds that are subject to netting agreements as of the end of

the current fiscal period, and the collateral delivered related to those repurchase agreements.

Real Property Fund ("RPF"):

The Funds invest in the RPF, which is an affiliated real estate limited partnership. The RPF is an

unregistered open-end fund that intends to invest in direct real estate holdings and may invest a portion of its assets in REIT

securities, mortgage related securitization and money market instruments in accordance with exemptive relief received from the SEC.

The Funds are not liable for the debts of the RPF beyond the amounts the Funds have contributed. The Funds can redeem from RPF

daily subject to certain approvals. Investments in the RPF are illiquid and the Funds may be unable to dispose of such investments

at opportune times. As such, this investment has been designated as restricted and the value is reflected in the Portfolio of

Investments.

As a restricted security, RPF may not be sold except in exempt transactions or in a public offering registered under the Securities

Act of 1933, as amended. The risk of investing in such securities is generally greater than the risk of investing in securities that are

widely held and publicaly traded.

Purchases and Sales:

Long-term purchases and sales during the current fiscal period were as follows:

Fund

Level 1

Level 2

Level 3

Fair value

using practical

expedient

a

Total

Lifecycle 2055

Affiliated investment companies

$

2,001,673,111

$

—

$

—

87,773,483

$

2,089,446,594

Short-term investments

—

3,840,000

—

—

3,840,000

Total

$

2,001,673,111

$

3,840,000

$

—

$

87,773,483

$

2,093,286,594

Lifecycle 2060

Affiliated investment companies

$

967,213,752

$

—

$

—

42,286,833

$

1,009,500,585

Short-term investments

—

2,210,000

—

—

2,210,000

Total

$

967,213,752

$

2,210,000

$

—

$

42,286,833

$

1,011,710,585

Lifecycle 2065

Affiliated investment companies

$

180,619,110

$

—

$

—

7,820,524

$

188,439,634

Short-term investments

—

630,000

—

—

630,000

Total

$

180,619,110

$

630,000

$

—

$

7,820,524

$

189,069,634

Lifecycle 2070

Affiliated investment companies

$

4,840,737

$

—

$

—

215,429

$

5,056,166

Total

$

4,840,737

$

—

$

—

$

215,429

$

5,056,166

a

In accordance with ASC 820, certain investments that are measured at fair value using the net asset value per share practical expedient have not been classified in the fair

value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statement of

Assets and Liabilities.

Fund

Counterparty

Short-term Investments,

at Value

Collateral Pledged

(From) Counterparty

Lifecycle Retirement Income

Fixed Income Clearing Corporation

$

360,000

$

(367,259)

Lifecycle 2010

Fixed Income Clearing Corporation

600,000

(612,165)

Lifecycle 2015

Fixed Income Clearing Corporation

840,000

(856,913)

Lifecycle 2020

Fixed Income Clearing Corporation

3,450,000

(3,519,093)

Lifecycle 2025

Fixed Income Clearing Corporation

4,860,000

(4,957,389)

Lifecycle 2030

Fixed Income Clearing Corporation

6,040,000

(6,160,864)

Lifecycle 2035

Fixed Income Clearing Corporation

7,810,000

(7,966,244)

Lifecycle 2040

Fixed Income Clearing Corporation

8,040,000

(8,200,914)

Lifecycle 2045

Fixed Income Clearing Corporation

6,990,000

(7,129,854)

Lifecycle 2050

Fixed Income Clearing Corporation

5,610,000

(5,722,243)

Lifecycle 2055

Fixed Income Clearing Corporation

3,840,000

(3,916,964)

Lifecycle 2060

Fixed Income Clearing Corporation

2,210,000

(2,254,314)

Lifecycle 2065

Fixed Income Clearing Corporation

630,000

(642,685)

Notes to Financial Statements

(continued)

5. Derivative Investments

Each Fund is authorized to invest in certain derivative instruments. As defined by U.S. GAAP, a derivative is a financial instrument

whose value is derived from an underlying security price, foreign exchange rate, interest rate, index of prices or rates, or other

variables. Investments in derivatives as of the end of and/or during the current fiscal period, if any, are included within the Statement

of Assets and Liabilities and the Statement of Operations, respectively.

Market and Counterparty Credit Risk:

In the normal course of business each Fund may invest in financial instruments and enter into

financial transactions where risk of potential loss exists due to changes in the market (market risk) or failure of the other party to the

transaction to perform (counterparty credit risk). The potential loss could exceed the value of the financial assets recorded on the

financial statements. Financial assets, which potentially expose each Fund to counterparty credit risk, consist principally of cash due

from counterparties on forward, option and swap transactions, when applicable. The extent of each Fund's exposure to counterparty

credit risk in respect to these financial assets approximates their carrying value as recorded on the Statement of Assets and

Liabilities.

Each Fund helps manage counterparty credit risk by entering into agreements only with counterparties the Adviser believes have

the financial resources to honor their obligations and by having the Adviser monitor the financial stability of the counterparties.

Additionally, counterparties may be required to pledge collateral daily (based on the daily valuation of the financial asset) on behalf

of each Fund with a value approximately equal to the amount of any unrealized gain above a pre-determined threshold. Reciprocally,

when each Fund has an unrealized loss, the Funds have instructed the custodian to pledge assets of the Funds as collateral with a

value approximately equal to the amount of the unrealized loss above a pre-determined threshold. Collateral pledges are monitored

and subsequently adjusted if and when the valuations fluctuate, either up or down, by at least the pre-determined threshold amount.

6. Fund Shares

Transactions in Fund shares during the current and prior fiscal period were as follows:

Fund

Non-U.S. Government

Purchases

Non-U.S. Government

Sales

12.1 Lifecycle Retirement Income

$

75,602,319

$

86,696,975

12.2 Lifecycle 2010

128,134,825

166,306,741

12.3 Lifecycle 2015

179,213,955

248,418,906

12.4 Lifecycle 2020

381,358,600

535,961,254

12.5 Lifecycle 2025

631,545,128

864,644,610

12.6 Lifecycle 2030

759,489,885

934,573,100

12.7 Lifecycle 2035

763,649,471

933,610,676

12.8 Lifecycle 2040

803,318,013

1,060,264,226

12.9 Lifecycle 2045

590,020,075

740,653,564

13.01 Lifecycle 2050

478,826,438

567,123,927

13.1 Lifecycle 2055

279,401,054

291,042,716

13.2 Lifecycle 2060

167,163,362

125,347,526

13.3 Lifecycle 2065

63,810,947

35,186,407

13.4 Lifecycle 2070

5,045,791

104,679

Six Months Ended

11/30/25

Year Ended

5/31/25

12.1 Lifecycle Retirement Income

Shares

Value

Shares

Value

Subscriptions:

Class A

199,090

$

2,369,524

311,386

$

3,550,796

Class I

2,272

27,453

–

–

Premier Class

22,282

267,262

118,822

1,357,688

Class R6

1,170,908

14,002,664

1,865,588

21,220,360

Retirement Class

209,769

2,470,845

797,495

9,022,643

Total subscriptions

1,604,321

19,137,748

3,093,291

35,151,487

Reinvestments of distributions:

Class A

221,860

2,596,162

348,227

3,958,189

Class I

4,145

627

7,135

Premier Class

13,910

162,814

25,875

294,232

Class R6

268,890

3,150,569

457,983

5,210,150

Retirement Class

221,420

2,588,119

355,881

4,039,158

Total reinvestments of distributions

726,433

8,501,809

1,188,593

13,508,864

Redemptions:

Class A

(433,153)

(5,134,334)

(1,177,599)

(13,387,343)

Class I

(174) (2,017)

(14,967)

(171,274)

Premier Class

(169,996)

(2,021,003)

(377,393)

(4,318,536)

Class R6

(1,540,071)

(18,277,464)

(4,065,192)

(46,211,655)

Retirement Class

(771,252)

(9,131,616)

(2,243,007)

(25,443,145)

Total redemptions

(2,914,646)

(34,566,434)

(7,878,158)

(89,531,953)

Net increase (decrease) from shareholder transactions

(583,892)

$

(6,926,877)

(3,596,274)

$

(40,871,602)

Six Months Ended

11/30/25

Year Ended

5/31/25

12.2 Lifecycle 2010

Shares

Value

Shares

Value

Subscriptions:

Class I

$

–

$

–

Premier Class

54,080

576,866

868,478

9,119,759

Class R6

1,341,857

14,303,697

4,083,812

42,681,705

Retirement Class

246,234

3,398,422

962,197

12,470,326

Total subscriptions

1,642,172

18,278,996

5,914,487

64,271,790

Reinvestments of distributions:

Class I

–

–

3,575

Premier Class

–

–

160,975

1,621,021

Class R6

–

–

2,887,253

29,103,507

Retirement Class

–

–

700,180

9,067,334

Total reinvestments of distributions

–

–

3,748,761

39,795,437

Redemptions:

Class I

(1) (11) (7,034)

(74,774)

Premier Class

(491,375)

(5,220,979)

(1,756,554)

(18,255,634)

Class R6

(3,858,165)

(41,200,974)

(13,282,630)

(135,837,303)

Retirement Class

(1,436,044)

(19,783,298)

(6,049,185)

(79,220,239)

Total redemptions

(5,785,585)

(66,205,262)

(21,095,403)

(233,387,950)

Net increase (decrease) from shareholder transactions

(4,143,413)

$

(47,926,266)

(11,432,155)

$

(129,320,723)

Six Months Ended

11/30/25

Year Ended

5/31/25

12.3 Lifecycle 2015

Shares

Value

Shares

Value

Subscriptions:

Class I

$

–

$

–

Premier Class

41,466

402,384

1,144,467

10,857,584

Class R6

1,035,899

10,144,156

4,078,341

38,187,664

Retirement Class

947,361

12,698,020

1,520,308

19,141,306

Total subscriptions

2,024,727

23,244,570

6,743,116

68,186,554

Reinvestments of distributions:

Class I

–

–

1,225

11,250

Premier Class

–

–

189,129

1,732,421

Class R6

–

–

3,348,761

30,775,110

Retirement Class

–

–

716,113

8,951,414

Total reinvestments of distributions

–

–

4,255,228

41,470,195

Redemptions:

Class I

(4,219)

(41,803)

(10,644)

(101,114)

Premier Class

(712,902)

(6,929,520)

(1,792,289)

(16,700,990)

Class R6

(7,437,800)

(72,326,540)

(20,824,544)

(192,551,456)

Retirement Class

(1,946,448)

(25,921,321)

(8,866,118)

(111,142,499)

Total redemptions

(10,101,369)

(105,219,184)

(31,493,595)

(320,496,059)

Net increase (decrease) from shareholder transactions

(8,076,642)

$

(81,974,614)

(20,495,251)

$

(210,839,310)

Six Months Ended

11/30/25

Year Ended

5/31/25

12.4 Lifecycle 2020

Shares

Value

Shares

Value

Subscriptions:

Class I

$

3,696

80,365

$

781,146

Premier Class

157,076

1,563,913

1,729,246

17,096,584

Class R6

2,056,287

21,076,540

7,391,377

71,835,625

Retirement Class

983,573

14,235,512

1,201,634

16,220,902

Total subscriptions

3,197,292

36,879,661

10,402,622

105,934,257

Reinvestments of distributions:

Class I

–

–

1,972

18,848

Premier Class

–

–

418,465

3,996,339

Class R6

–

–

8,384,778

80,242,330

Retirement Class

–

–

1,264,120

17,027,690

Total reinvestments of distributions

–

–

10,069,335

101,285,207

Redemptions:

Class I

(3,036)

(30,485)

(101,495)

(981,361)

Premier Class

(1,594,357)

(16,205,686)

(3,632,966)

(35,311,497)

Class R6

(14,573,723)

(147,990,937)

(47,551,522)

(458,083,344)

Retirement Class

(3,925,647)

(56,170,767)

(14,300,892)

(193,258,057)

Total redemptions

(20,096,763)

(220,397,875)

(65,586,875)

(687,634,259)

Net increase (decrease) from shareholder transactions

(16,899,471)

$

(183,518,214)

(45,114,918)

$

(480,414,795)

Notes to Financial Statements

(continued)

Six Months Ended

11/30/25

Year Ended

5/31/25

12.5 Lifecycle 2025

Shares

Value

Shares

Value

Subscriptions:

Class I

4,379

$

47,147

5,061

$

51,436

Premier Class

323,206

3,473,183

2,825,185

29,321,643

Class R6

4,424,419

47,969,662

14,371,593

146,953,109

Retirement Class

1,690,291

26,109,598

2,150,740

30,973,929

Total subscriptions

6,442,295

77,599,590

19,352,579

207,300,117

Reinvestments of distributions:

Class I

–

–

3,300

33,235

Premier Class

–

–

722,970

7,244,158

Class R6

–

–

13,897,488

139,947,702

Retirement Class

–

–

1,629,833

23,485,890

Total reinvestments of distributions

–

–

16,253,591

170,710,985

Redemptions:

Class I

(6,446)

(68,971)

(22,265)

(228,840)

Premier Class

(2,557,915)

(27,336,274)

(6,549,139)

(66,636,407)

Class R6

(23,327,212)

(249,240,421)

(66,180,199)

(669,557,704)

Retirement Class

(4,688,624)

(71,925,248)

(20,317,544)

(293,017,233)

Total redemptions

(30,580,197)

(348,570,914)

(93,069,147)

(1,029,440,184)

Net increase (decrease) from shareholder transactions

(24,137,902)

$

(270,971,324)

(57,462,977)

$

(651,429,082)

Six Months Ended

11/30/25

Year Ended

5/31/25

12.6 Lifecycle 2030

Shares

Value

Shares

Value

Subscriptions:

Class I

5,209

$

58,279

11,062

$

116,013

Premier Class

577,803

6,458,076

3,065,099

32,746,016

Class R6

7,354,700

82,728,975

18,342,102

193,396,344

Retirement Class

1,343,687

22,302,023

2,514,662

38,629,180

Total subscriptions

9,281,399

111,547,353

23,932,925

264,887,553

Reinvestments of distributions:

Class I

–

–

3,723

38,938

Premier Class

–

–

830,930

8,641,674

Class R6

–

–

16,032,827

167,703,368

Retirement Class

–

–

1,633,207

25,184,057

Total reinvestments of distributions

–

–

18,500,687

201,568,037

Redemptions:

Class I

(3,334)

(38,165)

(18,577)

(195,989)

Premier Class

(3,126,444)

(34,854,162)

(5,989,961)

(63,118,887)

Class R6

(19,920,438)

(221,784,032)

(63,627,765)

(665,202,863)

Retirement Class

(4,427,504)

(72,939,462)

(18,195,552)

(280,280,350)

Total redemptions

(27,477,720)

(329,615,821)

(87,831,855)

(1,008,798,089)

Net increase (decrease) from shareholder transactions

(18,196,321)

$

(218,068,468)

(45,398,243)

$

(542,342,499)

Six Months Ended

11/30/25

Year Ended

5/31/25

12.7 Lifecycle 2035

Shares

Value

Shares

Value

Subscriptions:

Class I

6,469

$

76,384

17,265

$

187,549

Premier Class

591,705

6,977,189

2,541,611

28,254,177

Class R6

7,341,924

86,197,055

21,563,503

237,682,922

Retirement Class

1,333,225

23,990,518

2,352,258

38,847,938

Total subscriptions

9,273,323

117,241,146

26,474,637

304,972,586

Reinvestments of distributions:

Class I

–

–

3,593

39,306

Premier Class

–

–

780,933

8,527,791

Class R6

–

–

15,742,619

172,381,675

Retirement Class

–

–

1,329,005

22,167,807

Total reinvestments of distributions

–

–

17,856,150

203,116,579

Redemptions:

Class I

(6,068)

(73,309)

(27,739)

(300,273)

Premier Class

(3,195,314)

(37,590,777)

(5,596,196)

(61,724,127)

Class R6

(19,215,362)

(224,290,509)

(60,998,041)

(664,461,351)

Retirement Class

(3,688,436)

(65,973,983)

(15,803,664)

(261,984,341)

Total redemptions

(26,105,180)

(327,928,578)

(82,425,640)

(988,470,092)

Net increase (decrease) from shareholder transactions

(16,831,857)

$

(210,687,432)

(38,094,853)

$

(480,380,927)

Six Months Ended

11/30/25

Year Ended

5/31/25

12.8 Lifecycle 2040

Shares

Value

Shares

Value

Subscriptions:

Class I

3,023

$

36,921

9,275

$

104,427

Premier Class

552,488

6,721,039

2,288,560

26,006,427

Class R6

6,723,361

82,088,938

20,787,395

235,509,976

Retirement Class

845,894

16,398,147

1,780,883

31,415,060

Total subscriptions

8,124,766

105,245,045

24,866,113

293,035,890

Reinvestments of distributions:

Class I

–

–

2,003

22,636

Premier Class

–

–

813,904

9,172,701

Class R6

–

–

17,947,075

202,981,414

Retirement Class

–

–

1,311,895

23,535,405

Total reinvestments of distributions

–

–

20,074,877

235,712,156

Redemptions:

Class I

(2,951)

(36,293)

(37,488)

(412,368)

Premier Class

(4,666,447)

(56,701,765)

(6,136,127)

(69,946,172)

Class R6

(22,788,954)

(274,490,915)

(62,739,358)

(700,573,784)

Retirement Class

(3,308,085)

(64,224,108)

(15,816,093)

(280,472,068)

Total redemptions

(30,766,437)

(395,453,081)

(84,729,066)

(1,051,404,392)

Net increase (decrease) from shareholder transactions

(22,641,671)

$

(290,208,036)

(39,788,076)

$

(522,656,346)

Six Months Ended

11/30/25

Year Ended

5/31/25

12.9 Lifecycle 2045

Shares

Value

Shares

Value

Subscriptions:

Class I

3,080

$

49,040

7,710

$

110,364

Premier Class

435,930

6,819,314

1,580,159

22,813,700

Class R6

6,226,542

97,738,214

16,452,815

237,049,503

Retirement Class

886,233

13,830,572

2,161,263

30,757,616

Total subscriptions

7,551,785

118,437,140

20,201,947

290,731,183

Reinvestments of distributions:

Class I

–

–

1,992

28,881

Premier Class

–

–

439,621

6,339,340

Class R6

–

–

9,519,245

138,029,050

Retirement Class

–

–

1,471,843

21,120,945

Total reinvestments of distributions

–

–

11,432,701

165,518,216

Redemptions:

Class I

(1,817)

(29,507)

(26,020)

(371,613)

Premier Class

(2,902,180)

(45,254,185)

(3,625,356)

(52,513,904)

Class R6

(12,500,079)

(193,481,084)

(36,594,169)

(522,648,420)

Retirement Class

(3,075,877)

(47,602,867)

(13,303,707)

(189,501,799)

Total redemptions

(18,479,953)

(286,367,643)

(53,549,252)

(765,035,736)

Net increase (decrease) from shareholder transactions

(10,928,168)

$

(167,930,503)

(21,914,604)

$

(308,786,337)

Six Months Ended

11/30/25

Year Ended

5/31/25

13.01 Lifecycle 2050

Shares

Value

Shares

Value

Subscriptions:

Class I

2,954

$

48,628

17,307

$

256,972

Premier Class

344,875

5,581,028

1,194,003

17,811,192

Class R6

5,780,392

94,132,222

14,459,532

214,653,153

Retirement Class

620,908

10,033,402

1,870,058

27,410,397

Total subscriptions

6,749,129

109,795,280

17,540,900

260,131,714

Reinvestments of distributions:

Class I

–

–

1,007

15,129

Premier Class

–

–

292,503

4,372,922

Class R6

–

–

7,177,332

107,803,532

Retirement Class

–

–

988,899

14,695,039

Total reinvestments of distributions

–

–

8,459,741

126,886,622

Redemptions:

Class I

(1,846)

(29,675)

(15,237)

(225,540)

Premier Class

(1,979,829)

(31,898,365)

(2,745,397)

(41,232,835)

Class R6

(8,617,058)

(138,207,525)

(27,845,409)

(410,062,487)

Retirement Class

(2,342,558)

(37,417,757)

(8,658,012)

(127,372,002)

Total redemptions

(12,941,291)

(207,553,322)

(39,264,055)

(578,892,864)

Net increase (decrease) from shareholder transactions

(6,192,162)

$

(97,758,042)

(13,263,414)

$

(191,874,528)

Notes to Financial Statements

(continued)

Six Months Ended

11/30/25

Year Ended

5/31/25

13.1 Lifecycle 2055

Shares

Value

Shares

Value

Subscriptions:

Class I

3,498

$

68,149

7,456

$

131,013

Premier Class

294,009

5,629,796

814,240

14,404,501

Class R6

4,317,491

83,331,512

10,201,404

179,433,691

Retirement Class

474,661

9,105,085

1,222,434

21,405,468

Total subscriptions

5,089,659

98,134,542

12,245,534

215,374,673

Reinvestments of distributions:

Class I

–

–

892

15,901

Premier Class

–

–

139,142

2,469,773

Class R6

–

–

3,256,970

58,071,779

Retirement Class

–

–

417,100

7,399,350

Total reinvestments of distributions

–

–

3,814,104

67,956,803

Redemptions:

Class I

(2,787)

(52,807)

(16,925)

(299,171)

Premier Class

(1,043,728)

(19,987,131)

(1,166,804)

(20,877,747)

Class R6

(3,870,398)

(73,544,933)

(11,903,855)

(207,938,000)

Retirement Class

(1,132,897)

(21,385,359)

(3,484,380)

(61,129,786)

Total redemptions

(6,049,810)

(114,970,230)

(16,571,964)

(290,244,704)

Net increase (decrease) from shareholder transactions

(960,151)

$

(16,835,688)

(512,326)

$

(6,913,228)

Six Months Ended

11/30/25

Year Ended

5/31/25

13.2 Lifecycle 2060

Shares

Value

Shares

Value

Subscriptions:

Class I

4,241

$

71,856

13,677

$

207,733

Premier Class

196,212

3,298,577

606,896

9,291,901

Class R6

4,692,285

79,120,845

9,471,481

144,656,227

Retirement Class

451,723

7,567,093

1,055,656

15,987,523

Total subscriptions

5,344,461

90,058,371

11,147,710

170,143,384

Reinvestments of distributions:

Class I

–

–

689

10,697

Premier Class

–

–

53,478

828,382

Class R6

–

–

1,466,651

22,777,097

Retirement Class

–

–

171,260

2,647,675

Total reinvestments of distributions

–

–

1,692,078

26,263,851

Redemptions:

Class I

(2,861)

(49,442)

(27,810)

(430,955)

Premier Class

(488,383)

(8,175,893)

(592,809)

(9,191,725)

Class R6

(1,890,534)

(31,310,122)

(6,293,150)

(95,218,919)

Retirement Class

(653,467)

(10,702,909)

(1,342,545)

(20,516,478)

Total redemptions

(3,035,245)

(50,238,366)

(8,256,314)

(125,358,077)

Net increase (decrease) from shareholder transactions

2,309,216

$

39,820,005

4,583,474

$

71,049,158

Six Months Ended

11/30/25

Year Ended

5/31/25

13.3 Lifecycle 2065

Shares

Value

Shares

Value

Subscriptions:

Class I

727

$

10,332

4,251

$

54,290

Premier Class

148,140

2,153,262

277,281

3,640,483

Class R6

2,305,199

33,798,948

4,270,543

56,517,039

Retirement Class

556,612

8,247,265

799,201

10,540,243

Total subscriptions

3,010,678

44,209,807

5,351,276

70,752,055

Reinvestments of distributions:

Class I

–

–

3,125

Premier Class

–

–

11,304

150,234

Class R6

–

–

202,519

2,729,961

Retirement Class

–

–

35,792

482,116

Total reinvestments of distributions

–

–

249,853

3,365,436

Redemptions:

Class I

(772) (11,324)

(48,382)

(630,845)

Premier Class

(116,045)

(1,664,526)

(172,656)

(2,280,812)

Class R6

(543,375)

(7,730,300)

(1,655,789)

(21,785,840)

Retirement Class

(454,516)

(6,445,667)

(545,624)

(7,251,013)

Total redemptions

(1,114,708)

(15,851,817)

(2,422,451)

(31,948,510)

Net increase (decrease) from shareholder transactions

1,895,970

$

28,357,990

3,178,678

$

42,168,981

7. Income Tax Information

Each Fund is a separate taxpayer for federal income tax purposes. Each Fund intends to distribute substantially all of its net

investment income and net capital gains to shareholders and otherwise comply with the requirements of Subchapter M of the Internal

Revenue Code applicable to regulated investment companies. Therefore, no federal income tax provision is required.

Each Fund files income tax returns in U.S. federal and applicable state and local jurisdictions. A Fund's federal income tax returns

are generally subject to examination for a period of three fiscal years after being filed. State and local tax returns may be subject to

examination for an additional period of time depending on the jurisdiction. Management has analyzed each Fund's tax positions taken

for all open tax years and has concluded that no provision for income tax is required in the Fund's financial statements.

As of the end of the reporting period, the aggregate cost and the net unrealized appreciation/(depreciation) of all investments for

federal income tax purposes were as follows:

For purposes of this disclosure, tax cost generally includes the cost of portfolio investments as well as up-front fees or premiums

exchanged on derivatives and any amounts unrealized for income statement reporting but realized income and/or capital gains for tax

reporting, if applicable.

As of prior fiscal period end, the components of accumulated earnings on a tax basis were as follows:

For the period

9/30/25

(commencement of operations)

through

11/30/25

13.4 Lifecycle 2070

Shares

Value

Subscriptions:

Class I

50,000

$

500,000

Premier Class

50,000

500,000

Class R6

350,000

3,500,000

Retirement Class

50,000

500,000

Total subscriptions

500,000

5,000,000

Reinvestments of distributions:

Class I

–

–

Premier Class

–

–

Class R6

–

–

Retirement Class

–

–

Total reinvestments of distributions

–

–

Redemptions:

Class I

–

–

Premier Class

–

–

Class R6

–

–

Retirement Class

–

–

Total redemptions

–

–

Net increase (decrease) from shareholder transactions

500,000

$

5,000,000

Fund

Tax Cost

Gross Unrealized

Appreciation

Gross Unrealized

(Depreciation)

Net Unrealized

Appreciation

(Depreciation)

12.1 Lifecycle Retirement Income

$364,216,785

$63,381,828

$(19,772,059)

$43,609,769

12.2 Lifecycle 2010

619,668,817

109,534,175

(36,359,109)

73,175,066

12.3 Lifecycle 2015

894,860,291

135,892,817

(54,772,684)

81,120,133

12.4 Lifecycle 2020

1,879,659,774

329,176,068

(113,252,086)

215,923,982

12.5 Lifecycle 2025

2,966,254,453

598,599,000

(172,092,223)

426,506,777

12.6 Lifecycle 2030

3,843,758,284

929,899,024

(195,752,098)

734,146,926

12.7 Lifecycle 2035

4,120,807,398

1,211,691,113

(183,470,428)

1,028,220,685

12.8 Lifecycle 2040

4,789,648,602

1,761,776,425

(199,498,794)

1,562,277,631

12.9 Lifecycle 2045

3,425,766,121

1,459,342,496

(122,346,090)

1,336,996,406

13.01 Lifecycle 2050

2,784,137,100

1,190,543,414

(95,658,036)

1,094,885,378

13.1 Lifecycle 2055

1,558,105,300

594,146,402

(58,965,108)

535,181,294

13.2 Lifecycle 2060

786,264,206

251,544,181

(26,097,802)

225,446,379

13.3 Lifecycle 2065

155,365,141

36,112,284

(2,407,791)

33,704,493

13.4 Lifecycle 2070

4,942,560

114,515

(909) 113,606

Notes to Financial Statements

(continued)

8. Management Fees and Other Transactions with Affiliates

Management Fees:

Under the terms of its Investment Management Agreement, the Adviser is entitled to a fee that is made up of two

components, which are added together to create the total investment management fee. The first component, the asset allocation

fee rate, is an annual rate of 0.10% of the average daily net assets of each Fund. The second component, the Underlying Funds

fee rate, is calculated as follows: for each Underlying Fund of the Trust in which a Fund is invested, the effective Underlying Fund's

annual investment management fee rate, as determined pursuant to its investment management agreement, net of any fee waivers

or reimbursements applicable to the Underlying Fund (excluding the Class W shares investment management fee waiver and/or

reimbursement), in proportion to the percentage of the Fund's net assets invested in the Underlying Fund, applied to the average

daily net assets of the Fund. The Adviser has contractually agreed to waive in full the asset allocation fee rate for each Fund's

management fee through September 30, 2028, unless changed with approval of the Board. In addition, the Adviser has voluntarily

agreed to waive certain amounts of the Underlying Funds fee rate portion of each Fund's management fee through September

30, 2026. As of the end of the current fiscal period, the Adviser received from the Funds the following effective annual rate as a

percentage of average daily net assets of each Fund:

The Funds have entered into an Administrative Service Agreement with the Adviser under which the Funds pay the Adviser for its

costs in providing certain administrative and compliance services to the Funds. The Adviser has agreed to gradually reduce expenses

allocated to the Funds under the Administrative Services Agreement over a three-year period commencing May 1, 2024. After the

expiration of this three-year period, the Adviser will no longer allocate expenses to the Funds under the Administrative Services

Agreement.

Under the terms of Retirement Class Service Agreements with respect to each Fund, the Retirement Class of the Fund incurs an

annual fee of 0.25% of the daily net assets, payable monthly to TIAA, on behalf of Retirement Class shares of the Fund held by or

through TIAA by its clients, or the Adviser, on behalf of all other Retirement Class shares, for certain administrative costs associated

with the maintenance of Retirement Class shares on retirement plan or other platforms. Substantially all of the Retirement Class

shareholder servicing fees reported on the Statement of Operations are paid to TIAA or the Adviser, respectively, under the Service

Agreements.

Fund

Undistributed

Ordinary

Income

Undistributed

Long-Term

Capital Gains

Unrealized

Appreciation

(Depreciation)

Capital Loss

Carryforwards

Late-Year

Loss Deferrals

Other

Book-to-Tax

Differences

Total

12.1 Lifecycle Retirement Income

$1,091,843

$5,339,572

$21,420,962

$–

$–

$(59,459)

$27,792,918

12.2 Lifecycle 2010

7,053,413

10,185,648

44,760,266

–

–

(220,140)

61,779,187

12.3 Lifecycle 2015

9,086,668

13,797,690

27,491,225

–

–

(315,501)

50,060,082

12.4 Lifecycle 2020

17,875,783

38,445,298

100,120,691

–

–

(474,450)

155,967,322

12.5 Lifecycle 2025

25,604,338

70,548,416

230,979,879

–

–

(510,081)

326,622,552

12.6 Lifecycle 2030

26,267,378

102,916,771

437,820,513

–

–

(507,625)

566,497,037

12.7 Lifecycle 2035

21,806,355

127,340,189

671,838,814

–

–

(513,568)

820,471,790

12.8 Lifecycle 2040

14,031,189

182,098,242

1,078,831,909

–

–

(664,597)

1,274,296,743

12.9 Lifecycle 2045

7,492,947

132,259,558

937,367,732

–

–

(256,465)

1,076,863,772

13.01 Lifecycle 2050

3,510,716

107,004,043

742,345,071

–

–

(168,285)

852,691,545

13.1 Lifecycle 2055

185,324

55,808,754

332,515,736

–

–

(53,222)

388,456,592

13.2 Lifecycle 2060

–

23,675,964

121,685,771

–

(168,012)

(13,691)

145,180,032

13.3 Lifecycle 2065

15,759

3,263,994

14,620,298

–

(128,031)

(944) 17,771,076

Investment Management Fee Waiver

Fund

Investment Management Fee—Effective Rate

Effective 10/1/25

Prior to 10/1/25

Lifecycle Retirement Income

0.290%

0.059%

0.034%

Lifecycle 2010

0.290 0.066 0.018 Lifecycle 2015

0.290 0.070 0.024 Lifecycle 2020

0.290 0.072 0.028 Lifecycle 2025

0.300 0.074 0.033 Lifecycle 2030

0.300 0.086 0.048 Lifecycle 2035

0.310 0.087 0.064 Lifecycle 2040

0.310 0.108 0.080 Lifecycle 2045

0.310 0.106 0.093 Lifecycle 2050

0.310 0.105 0.094 Lifecycle 2055

0.310 0.105 0.094 Lifecycle 2060

0.320 0.105 0.094 Lifecycle 2065

0.310 0.106 0.098 Lifecycle 2070

0.300 0.114 —

Under the terms of a distribution Rule 12b-1 plan, Class A shares of Lifecycle Retirement Income compensates Nuveen Securities for

providing distribution, promotional and/or shareholder services to Class A shares of Lifecycle Retirement Income at the annual rate

of 0.25% of the average daily net assets attributable to the Fund's Class A shares. The Premier Class of each Fund is subject to a

distribution Rule 12b-1 plan that compensates Nuveen Securities for providing distribution, promotional and/or shareholder services

to the Premier Class of the Fund at the annual rate of 0.15% of the average daily net assets attributable to the Fund's Premier Class

shares.

The Adviser has agreed to reimburse each Fund if its total expense ratio (excluding interest, taxes, brokerage commissions and

other transactional expenses, acquired fund fees and expenses, extraordinary expenses and the management fees and certain

other expenses originally attributable to Class W shares of the affiliated Nuveen Funds) exceeds 0.00% of average daily net assets

for Class R6 Shares; 0.15% of average daily net assets for Class I Shares; 0.15% of average daily net assets for the Premier Class

shares; 0.25% of average daily net assets for the Retirement Class shares; and 0.25% of average daily net assets for Class A Shares

of Lifecycle Retirement Income. The expense reimbursement arrangements will continue through at least September 30, 2026,

unless changed with approval of the Board.

With respect to Lifecycle 2010, the Adviser has voluntarily agreed to reimburse the Fund for 0.080% of the Total Expenses of each of

its share classes that are originally attributable to Class W shares of the Underlying Funds. This voluntary commitment is effective

September 30, 2025 through April 30, 2026.

Other Transactions with Affiliates:

The Funds are permitted to purchase or sell securities from or to certain other funds or accounts

managed by the Adviser or by an affiliate of the Adviser (each an, "Affiliated Entity") under specified conditions outlined in procedures

adopted by the Board ("cross-trade"). These procedures have been designed to ensure that any cross-trade of securities by the Fund

from or to an Affiliated Entity by virtue of having a common investment adviser (or affiliated investment adviser), common officer and/

or common trustee complies with Rule 17a-7 under the 1940 Act. These transactions are affected at the current market price (as

provided by an independent pricing service) without incurring broker commissions. During the current fiscal period, the Funds engaged

in the following security transactions with affiliated entities:

Affiliate Owned Shares:

The following is the percentage of the Funds' shares owned by TIAA and its registered separate account

("TIAA Access") as of the end of the current fiscal period:

Fund

Purchases

Sales

Realized Gain (Loss)

Lifecycle Retirement Income

$

10,262,016

$

24,654

$

4,152

Lifecycle 2010

17,656,612

74,070

18,712

Lifecycle 2015

25,213,734

155,821

43,255

Lifecycle 2020

55,607,087

388,997

109,982

Lifecycle 2025

92,086,749

707,464

196,586

Lifecycle 2030

110,691,204

549,881

143,923

Lifecycle 2035

113,706,481

513,289

127,973

Lifecycle 2040

133,341,288

478,089

117,964

Lifecycle 2045

97,385,129

219,187

53,927

Lifecycle 2050

79,839,972

104,489

23,105

Lifecycle 2055

44,152,089

5,353

1,946

Lifecycle 2060

22,120,756

–

–

Lifecycle 2065

5,227,906

201,378

552

Lifecycle 2070

4,494,782

2,513

Underlying Fund

TIAA

TIAA Access

Total

12.1 Lifecycle Retirement Income

–

%

%

%

12.2 Lifecycle 2010

–

12.3 Lifecycle 2015

–

12.4 Lifecycle 2020

–

12.5 Lifecycle 2025

–

12.6 Lifecycle 2030

–

12.7 Lifecycle 2035

–

12.8 Lifecycle 2040

–

12.9 Lifecycle 2045

–

13.01 Lifecycle 2050

–

13.1 Lifecycle 2055

–

13.2 Lifecycle 2060

–

13.3 Lifecycle 2065

–

13.4 Lifecycle 2070

–

Notes to Financial Statements

(continued)

Affiliated Investment Companies:

Investments in other investment companies advised by the Adviser and Nuveen Fund Advisors, LLC

are deemed to be affiliated investments. A complete schedule of the portfolio holdings for each of the affiliated investments is filed

with the SEC for the first and third quarters of each fiscal year on Form N-PORT and is available on the SEC's website at www.sec.gov.

A copy of the annual report, semi-annual report and financial statements is available for each of the affiliated investments at https://

www.nuveen.com/en-us/mutual-funds/prospectuses, or upon request by calling (800) 842-2252. Information regarding transactions

with affiliated investment companies is as follows:

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifecycle Retirement Income

Nuveen Funds:

Core Bond, Class W

$

81,568,623

$

2,935,418

$

36,212,960

$

(3,470,347)

$

5,891,623

$

50,712,357

$

1,742,116

Core Equity, Class W

13,837,273

182,232

3,366,408

629,705

1,465,750

12,748,552

89,992

Core Plus Bond, Class W

50,470,709

1,623,651

13,699,532

(1,586,069)

2,951,849

39,760,608

1,204,234

Dividend Growth, Class R6

13,863,836

1,683,056

1,343,666

56,107

1,072,421

15,331,754

80,265

Dividend Value, Class R6

13,604,648

845,069

2,227,024

86,606

1,669,022

13,978,321

94,767

Emerging Markets Debt, Class W

7,342,730

10,166,073

399,656

(20,505)

594,181

17,682,823

243,226

Emerging Markets Equity, Class W

8,494,082

326,698

1,925,334

279,926

1,597,829

8,773,201

–

Floating Rate Income, Class R6

–

15,383,326

4,926

(27) (50,276)

15,328,097

161,340

Growth Opportunities ETF

16,052,106

17,715

3,455,273

939,993

1,892,028

15,446,569

–

High Yield, Class W

7,728,011

10,097,723

125,399

185,406

17,885,986

360,765

Inflation Linked Bond, Class W

38,920,758

3,571,561

2,164,355

(79,309)

529,009

40,777,664

867,083

International Bond, Class W

8,098,076

13,321,776

158,858

(17,754)

304,977

21,548,217

–

International Equity, Class W

21,312,722

425,617

10,641,753

4,210,837

(1,669,878)

13,637,545

–

International Opportunities, Class W

12,751,896

1,839,185

894,561

120,045

1,138,299

14,954,864

–

International Value, Class I

–

6,416,963

26,649

(215) 80,086

6,470,185

–

Large Cap Growth, Class W

16,030,119

529,206

2,733,822

978,690

1,613,168

16,417,361

–

Large Cap Value, Class W

13,603,613

894,877

1,446,296

97,928

1,553,266

14,703,388

–

Quant International Small Cap Equity, Class W

6,992,755

113,064

899,538

206,494

698,736

7,111,511

–

Quant Small Cap Equity, Class W

2,659,871

33,433

1,760,982

750,854

(274,407)

1,408,769

–

Quant Small/Mid Cap Equity, Class W

3,303,780

79,337

636,497

151,207

409,570

3,307,397

–

Short Term Bond, Class W

38,855,426

3,465,724

1,873,985

(20,936)

330,753

40,756,982

917,947

Small Cap Select, Class R6

–

1,368,436

71,829

(1,039)

49,369

1,344,937

–

Nuveen Real Property Fund LP

a

17,656,650

282,179

627,672

(87,717)

156,026

17,379,466

305,906

$393,147,684

$75,602,319

$86,696,975

$3,224,719

$22,188,807

$407,466,554

$6,067,641

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifecycle 2010

Nuveen Funds:

Core Bond, Class W

$

143,115,477

$

6,065,738

$

66,445,907

$

(4,622,080)

$

8,818,938

$

86,932,166

$

3,028,656

Core Equity, Class W

22,411,579

447,662

6,425,291

2,406,529

952,519

19,792,998

145,817

Core Plus Bond, Class W

88,662,743

3,278,578

27,899,485

(3,053,111)

5,458,461

66,447,186

2,091,887

Dividend Growth, Class R6

22,155,211

2,317,563

2,412,324

373,953

1,433,432

23,867,835

130,160

Dividend Value, Class R6

22,097,153

1,334,509

4,499,091

437,330

2,367,233

21,737,134

153,483

Emerging Markets Debt, Class W

12,868,369

17,116,942

835,782

(40,383)

1,036,894

30,146,040

425,910

Emerging Markets Equity, Class W

13,742,062

578,106

3,619,414

628,274

2,399,364

13,728,393

–

Floating Rate Income, Class R6

–

26,434,918

392,557

(1,639)

(83,496)

25,957,226

276,256

Growth Opportunities ETF

25,977,584

65,873

6,433,853

1,873,243

2,702,562

24,185,409

–

High Yield, Class W

13,560,311

17,233,590

647,077

(126) 325,445

30,472,143

627,266

Inflation Linked Bond, Class W

68,309,177

4,082,385

4,036,432

(105,381)

879,697

69,129,446

1,521,665

International Bond, Class W

14,211,452

22,632,851

487,102

(41,436)

542,042

36,857,807

–

International Equity, Class W

34,530,248

708,365

18,159,771

9,140,812

(5,075,562)

21,144,092

–

International Opportunities, Class W

20,661,585

1,973,781

1,635,460

495,410

1,532,414

23,027,730

–

International Value, Class I

–

9,991,872

17,124

124,227

10,099,144

–

Large Cap Growth, Class W

25,944,414

984,382

5,715,251

2,948,140

1,218,116

25,379,801

–

Large Cap Value, Class W

22,093,478

1,348,121

3,210,662

840,937

1,794,091

22,865,965

–

Quant International Small Cap Equity, Class W

11,312,232

47,821

1,767,122

471,744

972,671

11,037,346

–

Quant Small Cap Equity, Class W

4,304,915

136,179

3,028,157

1,361,451

(598,112)

2,176,276

–

Quant Small/Mid Cap Equity, Class W

5,347,111

51,246

1,171,719

413,391

485,009

5,125,037

–

Short Term Bond, Class W

101,382,509

9,295,185

5,263,697

(36,670)

846,574

106,223,901

2,416,446

Small Cap Select, Class R6

–

2,009,158

–

–

74,814

2,083,972

–

Nuveen Real Property Fund LP

a

15,979,751

–

2,203,463

(156,919)

207,467

13,826,836

263,696

$688,667,361

$128,134,825

$166,306,741

$13,333,638

$28,414,800

$692,243,883

$11,081,242

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifecycle 2015

Nuveen Funds:

Core Bond, Class W

$

203,541,406

$

6,780,533

$

93,683,542

$

(11,763,066)

$

17,701,227

$

122,576,558

$

4,282,235

Core Equity, Class W

34,664,057

152,364

9,687,655

2,289,189

2,891,640

30,309,595

222,184

Core Plus Bond, Class W

126,138,191

4,191,143

40,237,348

(4,987,426)

8,358,114

93,462,674

2,951,449

Dividend Growth, Class R6

34,687,980

2,947,301

4,081,302

627,136

2,148,245

36,329,360

198,678

Dividend Value, Class R6

34,077,616

2,061,846

7,142,997

763,425

3,538,799

33,298,689

235,829

Emerging Markets Debt, Class W

18,315,101

24,400,720

1,486,305

(78,335)

1,489,430

42,640,611

598,625

Emerging Markets Equity, Class W

21,276,157

915,931

5,822,411

971,379

3,674,831

21,015,887

–

Floating Rate Income, Class R6

–

37,303,767

663,009

(2,957)

(116,865)

36,520,936

389,581

Growth Opportunities ETF

40,210,464

–

9,898,598

2,946,439

4,086,129

37,344,434

–

High Yield, Class W

19,290,142

24,444,258

1,308,725

1,194

459,794

42,886,663

884,584

Inflation Linked Bond, Class W

96,689,984

6,924,166

7,252,257

(378,889)

1,482,305

97,465,309

2,132,565

International Bond, Class W

20,214,024

32,230,072

923,994

(99,704)

805,233

52,225,631

–

International Equity, Class W

53,379,257

1,347,389

28,553,219

10,470,378

(4,254,271)

32,389,534

–

International Opportunities, Class W

31,971,794

2,940,598

2,866,849

817,680

2,293,181

35,156,404

–

International Value, Class I

–

15,258,991

–

–

189,129

15,448,120

–

Large Cap Growth, Class W

40,152,938

1,435,237

9,122,975

3,457,892

2,941,713

38,864,805

–

Large Cap Value, Class W

34,075,099

1,949,316

5,040,035

1,057,273

2,986,583

35,028,236

–

Quant International Small Cap Equity, Class W

17,504,494

160,194

2,997,129

718,826

1,498,910

16,885,295

–

Quant Small Cap Equity, Class W

6,662,570

87,024

4,576,831

2,056,572

(885,253)

3,344,082

–

Quant Small/Mid Cap Equity, Class W

8,275,491

112,132

1,918,587

661,223

720,564

7,850,823

–

Short Term Bond, Class W

96,551,639

10,420,657

7,203,807

(88,194)

854,065

100,534,360

2,283,196

Small Cap Select, Class R6

–

3,150,316

74,718

(1,651)

118,557

3,192,504

–

Nuveen Real Property Fund LP

a

44,092,402

–

3,876,613

(492,723)

646,848

40,369,914

747,643

$981,770,806

$179,213,955

$248,418,906

$8,945,661

$53,628,908

$975,140,424

$14,926,569

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifecycle 2020

Nuveen Funds:

Core Bond, Class W

$

423,660,584

$

16,170,968

$

195,926,438

$

(21,464,898)

$

33,884,726

$

256,324,942

$

8,944,291

Core Equity, Class W

84,284,321

208,924

22,958,360

5,476,120

7,106,211

74,117,216

541,282

Core Plus Bond, Class W

262,484,588

8,731,859

82,807,252

(10,198,529)

17,244,871

195,455,537

6,169,847

Dividend Growth, Class R6

83,618,651

8,062,565

9,339,126

1,446,407

5,321,347

89,109,844

483,570

Dividend Value, Class R6

82,890,129

4,512,202

16,644,775

1,887,797

8,598,903

81,244,256

569,089

Emerging Markets Debt, Class W

38,068,440

50,926,981

2,832,173

(156,280)

3,100,272

89,107,240

1,254,613

Emerging Markets Equity, Class W

51,758,728

2,070,842

13,199,855

2,462,054

8,909,221

52,000,990

–

Floating Rate Income, Class R6

–

78,158,960

1,603,095

(7,062)

(243,720)

76,305,083

815,065

Growth Opportunities ETF

97,861,432

40,644

24,289,557

7,289,130

9,840,165

90,741,814

–

High Yield, Class W

40,419,259

50,922,827

2,593,055

5,497

956,379

89,710,907

1,847,630

Inflation Linked Bond, Class W

165,052,211

16,304,069

13,363,650

(525,110)

2,425,853

169,893,373

3,670,265

International Bond, Class W

42,251,688

67,614,297

1,876,293

(209,183)

1,686,229

109,466,738

–

International Equity, Class W

130,352,894

1,674,420

68,393,728

25,122,375

(9,921,443)

78,834,518

–

International Opportunities, Class W

77,815,354

6,383,938

6,354,251

1,893,103

5,693,965

85,432,109

–

International Value, Class I

–

37,440,475

102,060

(975) 464,652

37,802,092

–

Large Cap Growth, Class W

97,856,010

2,436,788

21,189,088

8,487,195

7,183,217

94,774,122

–

Large Cap Value, Class W

82,987,528

4,543,007

11,944,552

2,652,875

7,222,981

85,461,839

–

Quant International Small Cap Equity, Class W

42,646,633

274,520

6,944,578

1,661,399

3,762,731

41,400,705

–

Quant Small Cap Equity, Class W

16,270,013

34,823

10,829,299

4,855,935

(1,985,220)

8,346,252

–

Quant Small/Mid Cap Equity, Class W

20,205,843

–

4,534,600

1,555,143

1,782,973

19,009,359

–

Short Term Bond, Class W

164,774,288

17,149,686

12,662,766

(141,111)

1,446,566

170,566,663

3,889,668

Small Cap Select, Class R6

–

7,530,704

–

–

256,454

7,787,158

–

Nuveen Real Property Fund LP

a

94,298,970

165,101

5,572,703

(716,327)

1,065,958

89,240,999

1,615,861

$2,099,557,564

$381,358,600

$535,961,254

$31,375,555

$115,803,291

$2,092,133,756

$29,801,181

Notes to Financial Statements

(continued)

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifecycle 2025

Nuveen Funds:

Core Bond, Class W

$

658,684,059

$

35,127,147

$

308,350,226

$

(32,079,639)

$

51,511,285

$

404,892,626

$

14,009,884

Core Equity, Class W

151,686,045

512,403

39,753,229

9,589,381

13,102,383

135,136,983

973,845

Core Plus Bond, Class W

408,096,462

16,955,598

126,946,667

(15,753,550)

26,764,927

309,116,770

9,657,295

Dividend Growth, Class R6

151,058,146

15,998,957

16,774,389

2,765,313

9,477,826

162,525,853

870,256

Dividend Value, Class R6

149,448,633

8,409,244

28,995,564

3,231,243

15,746,345

147,839,901

1,027,633

Emerging Markets Debt, Class W

59,253,243

81,011,318

4,636,343

(240,762)

4,860,887

140,248,343

1,953,141

Emerging Markets Equity, Class W

93,162,661

2,960,616

22,447,002

4,160,654

16,364,949

94,201,878

–

Floating Rate Income, Class R6

–

122,706,681

1,780,486

(7,604)

(386,635)

120,531,956

1,282,001

Growth Opportunities ETF

176,829,815

287,931

44,151,706

13,288,095

17,598,405

163,852,540

–

High Yield, Class W

62,358,799

80,855,233

2,629,225

1,504,835

142,089,682

2,897,137

Inflation Linked Bond, Class W

197,575,130

22,552,390

14,861,644

(573,652)

2,883,631

207,575,855

4,407,848

International Bond, Class W

65,418,939

106,601,346

2,768,742

(307,042)

2,616,572

171,561,073

–

International Equity, Class W

234,042,309

2,238,046

119,684,455

42,967,010

(15,562,669)

144,000,241

–

International Opportunities, Class W

139,945,441

14,030,348

11,692,716

3,346,226

10,363,930

155,993,229

–

International Value, Class I

–

68,686,070

1,547,653

(14,483)

849,682

67,973,616

–

Large Cap Growth, Class W

175,869,144

5,906,310

37,400,486

15,182,308

13,013,805

172,571,081

–

Large Cap Value, Class W

149,254,256

9,147,471

20,996,224

4,638,029

13,209,433

155,252,965

–

Quant International Small Cap Equity, Class W

76,684,344

162,999

11,066,172

2,489,851

7,287,089

75,558,111

–

Quant Small Cap Equity, Class W

29,182,403

162,060

19,571,567

8,585,390

(3,425,491)

14,932,795

–

Quant Small/Mid Cap Equity, Class W

36,250,747

–

6,488,958

2,281,437

3,786,342

35,829,568

–

Short Term Bond, Class W

197,413,628

23,116,239

13,894,605

(157,789)

1,732,852

208,210,325

4,699,497

Small Cap Select, Class R6

–

13,052,977

–

–

464,666

13,517,643

–

Nuveen Real Property Fund LP

a

151,066,120

1,063,744

8,206,551

(1,196,966)

1,761,849

144,488,196

2,597,004

$3,363,280,324

$631,545,128

$864,644,610

$62,193,490

$195,526,898

$3,387,901,230

$44,375,541

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifecycle 2030

Nuveen Funds:

Core Bond, Class W

$

741,201,867

$

49,883,288

$

292,193,999

$

(30,556,809)

$

52,985,161

$

521,319,508

$

16,480,101

Core Equity, Class W

234,115,634

1,999,563

54,687,657

10,507,744

25,329,108

217,264,392

1,532,338

Core Plus Bond, Class W

459,102,855

25,952,317

101,597,316

(12,829,718)

25,480,590

396,108,728

11,325,522

Dividend Growth, Class R6

233,050,242

25,893,477

19,267,751

1,907,942

17,296,188

258,880,098

1,364,482

Dividend Value, Class R6

230,375,353

15,192,372

38,389,577

1,987,531

27,882,350

237,048,029

1,608,133

Emerging Markets Debt, Class W

66,758,758

67,117,327

3,020,411

(154,760)

5,092,631

135,793,545

2,248,002

Emerging Markets Equity, Class W

143,833,651

2,843,329

28,847,065

4,801,346

27,477,978

150,109,238

–

Floating Rate Income, Class R6

–

119,421,050

1,871,504

(8,399)

(369,714)

117,171,434

1,229,685

Growth Opportunities ETF

271,735,825

–

57,627,055

16,713,420

31,868,000

262,690,190

–

High Yield, Class W

70,677,303

65,824,544

1,809,075

(5,992)

1,645,648

136,332,428

3,092,544

Inflation Linked Bond, Class W

169,656,801

26,305,211

9,176,759

(539,500)

2,580,015

188,825,768

3,875,124

International Bond, Class W

73,942,939

149,805,825

2,017,888

(227,946)

2,952,055

224,454,985

–

International Equity, Class W

362,225,419

4,466,725

178,251,943

62,121,860

(18,668,260)

231,893,801

–

International Opportunities, Class W

216,302,933

23,958,844

11,950,349

1,756,157

19,785,602

249,853,187

–

International Value, Class I

–

109,196,047

1,540,470

(13,512)

1,347,924

108,989,989

–

Large Cap Growth, Class W

271,933,728

9,464,751

47,060,104

15,888,435

28,317,665

278,544,475

–

Large Cap Value, Class W

230,544,857

13,000,338

22,306,955

2,840,815

25,271,994

249,351,049

–

Quant International Small Cap Equity, Class W

118,709,177

248,755

13,071,853

2,836,566

12,530,236

121,252,881

–

Quant Small Cap Equity, Class W

45,115,827

–

29,510,558

11,445,970

(3,334,649)

23,716,590

–

Quant Small/Mid Cap Equity, Class W

56,058,880

–

8,500,919

2,345,103

7,196,072

57,099,136

–

Short Term Bond, Class W

169,280,927

27,092,298

8,489,381

(96,448)

1,479,375

189,266,771

4,165,836

Small Cap Select, Class R6

–

21,127,583

–

–

788,303

21,915,886

–

Nuveen Real Property Fund LP

a

195,877,327

696,241

3,384,511

(598,095)

1,392,140

193,983,102

3,427,444

$4,360,500,303

$759,489,885

$934,573,100

$90,121,710

$296,326,412

$4,571,865,210

$50,349,211

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifecycle 2035

Nuveen Funds:

Core Bond, Class W

$

693,963,043

$

62,130,820

$

233,210,839

$

(21,277,462)

$

42,624,533

$

544,230,094

$

16,006,886

Core Equity, Class W

300,819,216

1,151,544

64,042,548

10,934,093

35,535,102

284,397,407

1,988,460

Core Plus Bond, Class W

429,743,093

36,416,037

62,852,489

(7,870,920)

20,017,355

415,453,076

10,973,546

Dividend Growth, Class R6

299,845,153

36,334,345

22,209,974

1,621,926

23,320,135

338,911,585

1,769,924

Dividend Value, Class R6

296,562,896

20,164,314

45,316,109

1,661,773

37,159,293

310,232,167

2,095,756

Emerging Markets Debt, Class W

62,727,270

34,629,232

2,923,448

(121,430)

4,406,254

98,717,878

2,135,500

Emerging Markets Equity, Class W

184,893,844

6,493,337

37,421,711

5,907,669

35,987,399

195,860,538

–

Floating Rate Income, Class R6

–

86,679,848

1,280,264

(5,843)

(268,538)

85,125,203

893,124

Growth Opportunities ETF

349,296,033

854,436

68,281,881

19,231,996

43,685,482

344,786,066

–

High Yield, Class W

66,311,339

32,599,134

1,294,227

(3,904)

1,470,288

99,082,630

2,673,527

Inflation Linked Bond, Class W

92,524,787

20,155,780

4,267,499

(508,908)

1,668,336

109,572,496

2,167,339

International Bond, Class W

69,043,607

158,998,266

1,378,795

(147,082)

2,786,991

229,302,987

–

International Equity, Class W

465,670,542

6,842,870

225,283,153

78,056,463

(21,623,906)

303,662,816

–

International Opportunities, Class W

278,301,713

32,656,835

12,717,057

1,414,232

26,520,955

326,176,678

–

International Value, Class I

–

143,942,229

2,769,771

5,566

1,784,742

142,962,767

–

Large Cap Growth, Class W

349,729,091

13,644,975

56,582,933

17,912,235

39,363,435

364,066,803

–

Large Cap Value, Class W

296,595,746

18,462,835

25,247,974

2,693,994

33,833,587

326,338,188

–

Quant International Small Cap Equity, Class W

152,613,205

731,038

14,038,023

2,940,244

16,987,606

159,234,070

–

Quant Small Cap Equity, Class W

57,964,047

197,811

37,167,885

12,167,804

(1,626,776)

31,535,001

–

Quant Small/Mid Cap Equity, Class W

72,040,900

53,708

10,479,435

2,557,707

9,758,898

73,931,778

–

Short Term Bond, Class W

92,366,397

21,800,792

3,865,375

(79,262)

855,623

111,078,175

2,360,701

Small Cap Select, Class R6

–

27,542,693

–

–

1,029,586

28,572,279

–

Nuveen Real Property Fund LP

a

216,895,548

1,166,592

979,286

(200,944)

1,105,491

217,987,401

3,831,308

$4,827,907,470

$763,649,471

$933,610,676

$126,889,947

$356,381,871

$5,141,218,083

$46,896,071

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifecycle 2040

Nuveen Funds:

Core Bond, Class W

$

577,062,858

$

68,786,924

$

156,496,980

$

(8,164,334)

$

26,114,318

$

507,302,786

$

13,815,634

Core Equity, Class W

441,032,237

2,351,372

90,023,146

13,250,785

55,133,810

421,745,058

2,926,579

Core Plus Bond, Class W

357,105,731

36,556,599

19,328,513

(2,468,815)

12,793,478

384,658,480

9,420,589

Dividend Growth, Class R6

438,087,125

50,410,436

23,021,812

391,216

36,382,551

502,249,516

2,605,555

Dividend Value, Class R6

436,043,896

30,890,736

65,597,873

1,954,085

55,282,768

458,573,612

3,076,760

Emerging Markets Debt, Class W

52,054,685

5,443,019

3,049,034

7,577

3,247,441

57,703,688

1,809,190

Emerging Markets Equity, Class W

270,753,478

8,881,268

52,197,063

7,808,487

53,841,900

289,088,070

–

Floating Rate Income, Class R6

–

50,106,150

778,652

(4,428)

(155,591)

49,167,479

521,155

Growth Opportunities ETF

511,992,961

1,327,483

90,327,813

24,543,224

67,946,424

515,482,279

–

High Yield, Class W

55,140,047

6,380,152

4,905,083

20,166

1,148,512

57,783,794

2,020,363

Inflation Linked Bond, Class W

–

10,579,079

70,992

(652) 21,116

10,528,551

40,264

International Bond, Class W

57,680,326

155,571,950

1,163,219

(90,723)

2,373,918

214,372,252

–

International Equity, Class W

683,058,884

11,080,606

329,782,705

112,466,806

(29,153,924)

447,669,667

–

International Opportunities, Class W

408,988,594

48,891,521

16,236,210

1,705,154

39,699,808

483,048,867

–

International Value, Class I

–

213,096,294

841,119

(17,093)

2,658,947

214,897,029

–

Large Cap Growth, Class W

513,253,209

21,346,132

78,439,263

23,396,487

61,024,323

540,580,888

–

Large Cap Value, Class W

435,578,185

29,315,127

38,191,150

3,262,299

50,568,221

480,532,682

–

Quant International Small Cap Equity, Class W

223,739,635

1,307,594

20,171,747

4,054,047

25,259,543

234,189,072

–

Quant Small Cap Equity, Class W

85,021,090

215,503

52,267,549

13,937,062

1,654,423

48,560,529

–

Quant Small/Mid Cap Equity, Class W

105,697,090

–

15,810,888

3,407,827

14,737,528

108,031,557

–

Short Term Bond, Class W

–

10,521,456

–

–

14,870

10,536,326

76,220

Small Cap Select, Class R6

–

37,546,885

–

–

1,448,456

38,995,341

–

Nuveen Real Property Fund LP

a

265,915,162

2,711,727

1,563,415

(277,646)

1,402,882

268,188,710

4,706,091

$5,918,205,193

$803,318,013

$1,060,264,226

$199,181,531

$483,445,722

$6,343,886,233

$41,018,400

Notes to Financial Statements

(continued)

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifecycle 2045

Nuveen Funds:

Core Bond, Class W

$

226,710,516

$

44,743,144

$

50,431,920

$

408,540

$

6,888,981

$

228,319,261

$

5,678,546

Core Equity, Class W

360,773,788

3,953,525

67,287,392

7,252,967

49,471,517

354,164,405

2,419,403

Core Plus Bond, Class W

140,716,158

32,725,989

5,405,765

(249,880)

4,454,353

172,240,855

3,896,265

Dividend Growth, Class R6

360,035,526

47,180,631

15,551,893

22,730

30,428,466

422,115,460

2,151,234

Dividend Value, Class R6

356,290,932

27,673,167

44,588,426

718,684

46,773,793

386,868,150

2,539,419

Emerging Markets Debt, Class W

20,572,039

2,661,166

11,880,035

753,767

416,346

12,523,283

728,412

Emerging Markets Equity, Class W

221,652,772

10,877,298

40,126,413

5,725,908

45,246,197

243,375,762

–

Floating Rate Income, Class R6

–

11,210,088

167,128

(950) (33,187)

11,008,823

113,362

Growth Opportunities ETF

418,280,048

1,728,497

63,533,051

15,645,924

60,665,346

432,786,764

–

High Yield, Class W

21,671,393

2,720,139

12,300,913

421,362

28,704

12,540,685

725,858

International Bond, Class W

22,742,804

74,907,739

671,598

566

946,471

97,925,982

–

International Equity, Class W

559,326,591

13,166,455

265,344,104

89,758,264

(20,543,473)

376,363,733

–

International Opportunities, Class W

336,079,483

48,349,888

11,083,775

729,262

33,515,416

407,590,274

–

International Value, Class I

–

178,589,102

415,202

(16,728)

2,232,755

180,389,927

–

Large Cap Growth, Class W

420,008,244

20,024,394

56,585,539

12,730,432

57,163,605

453,341,136

–

Large Cap Value, Class W

355,764,589

29,764,640

26,752,376

1,282,543

43,325,657

403,385,053

–

Quant International Small Cap Equity, Class W

183,538,843

1,835,195

12,856,106

2,339,130

21,893,578

196,750,640

–

Quant Small Cap Equity, Class W

69,668,525

236,259

43,998,935

11,912,469

835,740

38,654,058

–

Quant Small/Mid Cap Equity, Class W

86,466,518

130,286

10,953,037

1,450,647

13,623,736

90,718,150

–

Small Cap Select, Class R6

–

33,037,917

–

–

1,292,206

34,330,123

–

Nuveen Real Property Fund LP

a

195,743,335

4,504,556

719,956

(150,399)

1,002,467

200,380,003

3,490,158

$4,356,042,104

$590,020,075

$740,653,564

$150,735,238

$399,628,674

$4,755,772,527

$21,742,657

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifecycle 2050

Nuveen Funds:

Core Bond, Class W

$

95,310,257

$

26,562,564

$

17,009,357

$

113,604

$

3,046,780

$

108,023,848

$

2,512,941

Core Equity, Class W

305,680,530

4,377,017

52,394,881

4,685,429

43,826,484

306,174,579

2,064,914

Core Plus Bond, Class W

59,050,267

23,467,932

2,699,057

(11,541)

1,858,072

81,665,673

1,739,314

Dividend Growth, Class R6

305,686,296

46,692,870

13,764,467

(86,633)

26,082,009

364,610,075

1,834,714

Dividend Value, Class R6

301,838,977

24,658,535

33,672,240

477,455

40,133,130

333,435,857

2,166,630

Emerging Markets Debt, Class W

8,565,251

1,525,038

9,430,841

922,733

(491,673)

1,090,508

314,084

Emerging Markets Equity, Class W

188,257,335

10,175,852

32,091,935

4,259,779

39,315,057

209,916,088

–

Floating Rate Income, Class R6

–

336,250

–

–

(996) 335,254

3,147

Growth Opportunities ETF

354,601,972

1,830,387

51,437,308

11,720,102

53,383,998

370,099,151

–

High Yield, Class W

9,155,313

1,701,766

10,650,103

575,893

(391,633)

391,236

249,472

International Bond, Class W

9,598,598

36,494,973

326,957

420,106

46,186,887

–

International Equity, Class W

473,642,125

12,690,917

219,686,416

69,615,875

(10,335,498)

325,927,003

–

International Opportunities, Class W

284,217,445

47,491,056

7,209,246

280,320

28,695,762

353,475,337

–

International Value, Class I

–

153,854,906

1,499,760

(18,071)

1,917,200

154,254,275

–

Large Cap Growth, Class W

356,023,113

20,652,398

44,175,312

8,471,867

51,170,986

392,143,052

–

Large Cap Value, Class W

301,420,713

29,522,021

19,380,319

449,236

37,691,893

349,703,544

–

Quant International Small Cap Equity, Class W

154,962,704

1,712,551

7,442,550

1,108,600

19,527,053

169,868,358

–

Quant Small Cap Equity, Class W

59,140,385

545,233

35,559,037

8,585,890

2,442,526

35,154,997

–

Quant Small/Mid Cap Equity, Class W

73,319,062

448,999

8,085,765

512,574

12,316,329

78,511,199

–

Small Cap Select, Class R6

–

28,458,868

–

–

1,087,752

29,546,620

–

Nuveen Real Property Fund LP

a

157,179,132

5,626,305

608,376

(143,094)

844,970

162,898,937

2,819,056

$3,497,649,475

$478,826,438

$567,123,927

$111,520,185

$352,540,307

$3,873,412,478

$13,704,272

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifecycle 2055

Nuveen Funds:

Core Bond, Class W

$

38,886,008

$

12,197,609

$

7,999,420

$

34,943

$

1,249,951

$

44,369,091

$

1,032,242

Core Equity, Class W

164,515,289

4,522,427

27,647,610

1,851,214

24,378,036

167,619,356

1,118,580

Core Plus Bond, Class W

24,084,597

10,224,207

1,846,356

(6,242)

761,996

33,218,202

715,397

Dividend Growth, Class R6

163,824,292

28,227,463

6,285,395

(110,645)

14,156,726

199,812,441

992,097

Dividend Value, Class R6

161,745,725

16,236,253

17,196,241

153,579

21,835,243

182,774,558

1,171,941

Emerging Markets Debt, Class W

3,476,675

695,461

4,325,641

419,659

(266,154)

–

128,506

Emerging Markets Equity, Class W

100,995,541

7,565,523

16,633,800

1,965,093

21,606,918

115,499,275

–

Growth Opportunities ETF

189,268,298

1,943,171

23,385,917

3,877,376

31,218,539

202,921,467

–

High Yield, Class W

3,739,570

665,174

4,492,994

241,651

(153,401)

–

97,113

International Bond, Class W

3,911,342

15,247,660

177,339

173,447

19,155,340

–

International Equity, Class W

253,878,648

10,998,697

118,502,396

31,906,134

196,661

178,477,744

–

International Opportunities, Class W

152,670,526

29,504,696

3,810,240

107,958

15,574,136

194,047,076

–

International Value, Class I

–

84,170,969

500,943

(4,382)

1,051,569

84,717,213

–

Large Cap Growth, Class W

190,971,643

12,382,386

20,527,568

2,461,982

29,764,260

215,052,703

–

Large Cap Value, Class W

161,411,381

20,607,927

10,183,186

42,664

20,577,718

192,456,504

–

Quant International Small Cap Equity, Class W

83,449,952

2,498,009

4,405,806

409,028

10,746,241

92,697,424

–

Quant Small Cap Equity, Class W

31,666,379

500,428

19,403,303

4,118,878

1,824,105

18,706,487

–

Quant Small/Mid Cap Equity, Class W

39,272,650

369,267

3,635,782

31,190

6,917,370

42,954,695

–

Small Cap Select, Class R6

–

16,549,481

–

–

644,053

17,193,535

–

Nuveen Real Property Fund LP

a

83,180,076

4,294,246

82,779

(26,204)

408,144

87,773,483

1,504,544

$1,850,948,592

$279,401,054

$291,042,716

$47,474,106

$202,665,558

$2,089,446,594

$6,760,420

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifecycle 2060

Nuveen Funds:

Core Bond, Class W

$

12,406,660

$

5,700,828

$

2,825,469

$

4,296

$

424,013

$

15,710,328

$

350,577

Core Equity, Class W

76,463,949

5,139,931

10,825,455

261,990

12,223,487

83,263,902

533,538

Core Plus Bond, Class W

7,706,125

4,685,848

793,043

(3,421)

256,068

11,851,576

243,652

Dividend Growth, Class R6

76,646,497

18,010,049

3,125,131

(73,648)

6,730,241

98,188,008

474,427

Dividend Value, Class R6

75,230,078

10,531,529

6,758,576

(81,127)

10,553,431

89,475,335

558,270

Emerging Markets Debt, Class W

1,129,085

357,681

1,537,406

125,820

(75,180)

–

43,556

Emerging Markets Equity, Class W

46,985,451

5,534,374

7,009,987

657,441

10,539,982

56,707,261

–

Growth Opportunities ETF

87,866,990

1,770,848

8,423,037

689,840

15,904,566

97,809,207

–

High Yield, Class W

1,197,991

406,705

1,634,025

69,044

(39,715)

–

32,798

International Bond, Class W

1,243,714

5,528,172

96,554

58,727

6,734,100

–

International Equity, Class W

117,829,318

9,334,001

54,670,937

10,975,341

4,350,286

87,818,009

–

International Opportunities, Class W

70,523,565

19,733,517

2,412,049

1,692

7,448,431

95,295,156

–

International Value, Class I

–

40,981,192

353,496

(1,201)

511,879

41,138,374

–

Large Cap Growth, Class W

88,945,522

10,104,507

8,992,433

612,954

14,661,668

105,332,218

–

Large Cap Value, Class W

75,211,585

12,842,467

3,935,046

(5,319)

9,830,675

93,944,362

–

Quant International Small Cap Equity, Class W

38,660,595

2,696,712

1,385,019

95,861

5,161,729

45,229,878

–

Quant Small Cap Equity, Class W

14,716,258

1,061,404

9,216,622

1,445,008

1,380,227

9,386,275

–

Quant Small/Mid Cap Equity, Class W

18,267,884

777,384

1,350,104

(42,993)

3,347,466

20,999,637

–

Small Cap Select, Class R6

–

8,028,984

–

–

301,142

8,330,126

–

Nuveen Real Property Fund LP

a

38,162,405

3,937,229

3,137

(1,149)

191,485

42,286,833

706,389

$849,193,672

$167,163,362

$125,347,526

$14,730,469

$103,760,608

$1,009,500,585

$2,943,207

Notes to Financial Statements

(continued)

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifecycle 2065

Nuveen Funds:

Core Bond, Class W

$

1,153,475

$

1,318,255

$

631,724

$

(2,086)

$

44,876

$

1,882,796

$

37,462

Core Equity, Class W

12,753,316

2,815,088

2,148,953

(38,106)

2,178,246

15,559,591

91,920

Core Plus Bond, Class W

717,905

1,037,036

359,060

(2,133)

26,607

1,420,355

26,197

Dividend Growth, Class R6

12,750,026

5,649,215

848,457

(17,452)

1,157,460

18,690,792

81,437

Dividend Value, Class R6

12,511,304

4,027,828

1,405,472

(50,703)

1,867,600

16,950,557

96,312

Emerging Markets Debt, Class W

105,716

87,349

198,060

9,603

(4,608)

–

4,504

Emerging Markets Equity, Class W

7,805,484

2,131,839

1,094,723

21,895

1,898,942

10,763,437

–

Growth Opportunities ETF

14,501,389

2,287,118

1,608,029

35,756

2,780,930

17,997,164

–

High Yield, Class W

110,154

98,038

211,058

4,890

(2,024)

–

3,355

International Bond, Class W

114,590

779,350

80,900

(107) 6,358

819,291

–

International Equity, Class W

19,590,946

4,641,642

10,420,466

1,145,104

1,530,854

16,488,080

–

International Opportunities, Class W

11,715,255

6,063,732

870,775

2,712

1,267,232

18,178,156

–

International Value, Class I

–

7,734,707

37,800

(1,009)

97,659

7,793,557

–

Large Cap Growth, Class W

14,940,126

5,326,648

2,523,152

18,577

2,612,166

20,374,365

–

Large Cap Value, Class W

12,508,241

4,602,379

992,065

(4,269)

1,716,891

17,831,177

–

Quant International Small Cap Equity, Class W

6,423,499

1,717,223

485,336

22,260

868,244

8,545,890

–

Quant Small Cap Equity, Class W

2,447,445

498,865

1,725,074

143,998

337,045

1,702,279

–

Quant Small/Mid Cap Equity, Class W

3,038,126

670,394

275,254

(13,267)

576,481

3,996,480

–

Small Cap Select, Class R6

–

1,587,165

19,083

(639) 57,700

1,625,143

–

Nuveen Real Property Fund LP

a

6,267,091

1,591,265

76,132

(27,236)

65,536

7,820,524

120,552

$139,454,088

$54,665,136

$26,011,573

$1,247,788

$19,084,195

$188,439,634

$461,739

Issue

Value at

9/30/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifecycle 2070

Nuveen Funds:

Core Bond, Class W

$

–

$

21,231

$

2,183

$

$

$

19,154

$

Core Equity, Class W

–

419,318

11,298

13,287

421,519

–

Core Plus Bond, Class W

–

16,002

1,632

14,451

Dividend Growth, Class R6

–

515,440

10,754

(59) 4,272

508,899

–

Dividend Value, Class R6

–

453,752

10,946

17,107

460,205

–

Emerging Markets Equity, Class W

–

288,837

1,360

7,320

294,812

–

Growth Opportunities ETF

–

503,731

6,365

12,973

510,571

–

International Bond, Class W

–

9,246

987

8,334

–

International Equity, Class W

–

445,600

20,880

17,354

442,520

–

International Opportunities, Class W

–

491,198

4,922

6,045

492,495

–

International Value, Class I

–

215,165

6,257

(19) 2,411

211,300

–

Large Cap Growth, Class W

–

538,349

11,156

13,226

540,498

–

Large Cap Value, Class W

–

477,236

5,626

12,463

484,139

–

Quant International Small Cap Equity, Class W

–

238,316

3,939

(118) (909) 233,351

–

Quant Small Cap Equity, Class W

–

46,296

1,981

1,883

46,247

–

Quant Small/Mid Cap Equity, Class W

–

108,591

2,403

2,023

108,228

–

Small Cap Select, Class R6

–

44,272

1,990

1,679

44,014

–

Nuveen Real Property Fund LP

a

–

213,211

–

–

2,218

215,429

1,034

$–

$5,045,791

$104,679

$1,448

$113,606

$5,056,166

$1,311

a

Restricted security

------

Portfolio of Investments November 30, 2025

Lifecycle Index Retirement Income

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.8%(a)

FIXED INCOME—37.1%

27,173,318

Nuveen Bond Index Fund, Class W

$

267,657,181

1,840,652

Nuveen High Yield Corporate Bond ETF

46,361,238

TOTAL FIXED INCOME

314,018,419

INFLATION-PROTECTED ASSETS—10.1%

7,776,940

Nuveen Inflation Linked Bond Fund, Class W

85,001,958

TOTAL INFLATION-PROTECTED ASSETS

85,001,958

INTERNATIONAL EQUITY—14.0%

2,809,482

Nuveen Emerging Markets Equity Index Fund, Class W

39,669,881

2,776,734

Nuveen International Equity Index Fund, Class W

78,359,428

TOTAL INTERNATIONAL EQUITY

118,029,309

INTERNATIONAL FIXED INCOME—2.5%

836,260

Nuveen International Aggregate Bond ETF

21,103,021

TOTAL INTERNATIONAL FIXED INCOME

21,103,021

SHORT-TERM FIXED INCOME—10.1%

8,771,136

Nuveen Short Term Bond Index Fund, Class W

85,080,019

TOTAL SHORT-TERM FIXED INCOME

85,080,019

U.S. EQUITY—26.0%

4,578,841

Nuveen Equity Index Fund, Class W

220,013,300

TOTAL U.S. EQUITY

220,013,300

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $656,329,410)

843,246,026

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.0%

REPURCHASE AGREEMENT—0.0%

$390,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

390,000

TOTAL REPURCHASE AGREEMENT

390,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $390,000)

390,000

TOTAL INVESTMENTS—99.8%

(Cost $656,719,410)

843,636,026

OTHER ASSETS & LIABILITIES, NET—0.2%

1,632,719

NET ASSETS—100.0%

$

845,268,745

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $390,133 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $397,998.

Lifecycle Index 2010

Portfolio of Investments November 30, 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.8%(a)

FIXED INCOME—37.2%

21,286,422

Nuveen Bond Index Fund, Class W

$

209,671,256

1,431,860

Nuveen High Yield Corporate Bond ETF

36,064,830

TOTAL FIXED INCOME

245,736,086

INFLATION-PROTECTED ASSETS—10.0%

6,081,860

Nuveen Inflation Linked Bond Fund, Class W

66,474,729

TOTAL INFLATION-PROTECTED ASSETS

66,474,729

INTERNATIONAL EQUITY—12.1%

1,892,019

Nuveen Emerging Markets Equity Index Fund, Class W

26,715,303

1,885,566

Nuveen International Equity Index Fund, Class W

53,210,678

TOTAL INTERNATIONAL EQUITY

79,925,981

INTERNATIONAL FIXED INCOME—2.5%

652,465

Nuveen International Aggregate Bond ETF

16,464,954

TOTAL INTERNATIONAL FIXED INCOME

16,464,954

SHORT-TERM FIXED INCOME—15.4%

10,470,121

Nuveen Short Term Bond Index Fund, Class W

101,560,175

TOTAL SHORT-TERM FIXED INCOME

101,560,175

U.S. EQUITY—22.6%

3,103,565

Nuveen Equity Index Fund, Class W

149,126,295

TOTAL U.S. EQUITY

149,126,295

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $503,214,793)

659,288,220

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.2%

REPURCHASE AGREEMENT—0.2%

$1,530,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

1,530,000

TOTAL REPURCHASE AGREEMENT

1,530,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $1,530,000)

1,530,000

TOTAL INVESTMENTS—100.0%

(Cost $504,744,793)

660,818,220

OTHER ASSETS & LIABILITIES, NET—0.0%

239,059

NET ASSETS—100.0%

$

661,057,279

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $1,530,520 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $1,560,648.

Portfolio of Investments November 30, 2025

Lifecycle Index 2015

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.8%(a)

FIXED INCOME—37.2%

32,596,824

Nuveen Bond Index Fund, Class W

$

321,078,714

2,199,174

Nuveen High Yield Corporate Bond ETF

55,391,475

TOTAL FIXED INCOME

376,470,189

INFLATION-PROTECTED ASSETS—10.1%

9,299,074

Nuveen Inflation Linked Bond Fund, Class W

101,638,880

TOTAL INFLATION-PROTECTED ASSETS

101,638,880

INTERNATIONAL EQUITY—13.7%

3,289,438

Nuveen Emerging Markets Equity Index Fund, Class W

46,446,867

3,268,011

Nuveen International Equity Index Fund, Class W

92,223,281

TOTAL INTERNATIONAL EQUITY

138,670,148

INTERNATIONAL FIXED INCOME—2.5%

999,404

Nuveen International Aggregate Bond ETF

25,219,960

TOTAL INTERNATIONAL FIXED INCOME

25,219,960

SHORT-TERM FIXED INCOME—10.4%

10,819,511

Nuveen Short Term Bond Index Fund, Class W

104,949,255

TOTAL SHORT-TERM FIXED INCOME

104,949,255

U.S. EQUITY—25.9%

5,438,487

Nuveen Equity Index Fund, Class W

261,319,287

TOTAL U.S. EQUITY

261,319,287

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $739,235,742)

1,008,267,719

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.2%

REPURCHASE AGREEMENT—0.2%

$1,860,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

1,860,000

TOTAL REPURCHASE AGREEMENT

1,860,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $1,860,000)

1,860,000

TOTAL INVESTMENTS—100.0%

(Cost $741,095,742)

1,010,127,719

OTHER ASSETS & LIABILITIES, NET—0.0%

380,067

NET ASSETS—100.0%

$

1,010,507,786

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $1,860,632 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $1,897,369.

Lifecycle Index 2020

Portfolio of Investments November 30, 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.7%(a)

FIXED INCOME—36.3%

97,276,080

Nuveen Bond Index Fund, Class W

$

958,169,383

5,698,253

Nuveen High Yield Corporate Bond ETF

143,524,178

TOTAL FIXED INCOME

1,101,693,561

INFLATION-PROTECTED ASSETS—8.2%

22,702,493

Nuveen Inflation Linked Bond Fund, Class W

248,138,249

TOTAL INFLATION-PROTECTED ASSETS

248,138,249

INTERNATIONAL EQUITY—15.5%

11,093,473

Nuveen Emerging Markets Equity Index Fund, Class W

156,639,833

11,108,904

Nuveen International Equity Index Fund, Class W

313,493,264

TOTAL INTERNATIONAL EQUITY

470,133,097

INTERNATIONAL FIXED INCOME—2.5%

2,979,696

Nuveen International Aggregate Bond ETF

75,192,628

TOTAL INTERNATIONAL FIXED INCOME

75,192,628

SHORT-TERM FIXED INCOME—8.2%

25,513,947

Nuveen Short Term Bond Index Fund, Class W

247,485,289

TOTAL SHORT-TERM FIXED INCOME

247,485,289

U.S. EQUITY—29.0%

18,325,781

Nuveen Equity Index Fund, Class W

880,553,762

TOTAL U.S. EQUITY

880,553,762

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $2,186,409,089)

3,023,196,586

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.2%

REPURCHASE AGREEMENT—0.2%

$4,980,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

4,980,000

TOTAL REPURCHASE AGREEMENT

4,980,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $4,980,000)

4,980,000

TOTAL INVESTMENTS—99.9%

(Cost $2,191,389,089)

3,028,176,586

OTHER ASSETS & LIABILITIES, NET—0.1%

3,197,109

NET ASSETS—100.0%

$

3,031,373,695

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $4,981,693 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $5,079,741.

Portfolio of Investments November 30, 2025

Lifecycle Index 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.8%(a)

FIXED INCOME—35.4%

200,478,349

Nuveen Bond Index Fund, Class W

$

1,974,711,742

9,813,006

Nuveen High Yield Corporate Bond ETF

247,164,107

TOTAL FIXED INCOME

2,221,875,849

INFLATION-PROTECTED ASSETS—6.2%

35,332,694

Nuveen Inflation Linked Bond Fund, Class W

386,186,348

TOTAL INFLATION-PROTECTED ASSETS

386,186,348

INTERNATIONAL EQUITY—17.3%

25,499,824

Nuveen Emerging Markets Equity Index Fund, Class W

360,057,510

25,592,518

Nuveen International Equity Index Fund, Class W

722,220,866

TOTAL INTERNATIONAL EQUITY

1,082,278,376

INTERNATIONAL FIXED INCOME—2.5%

6,118,918

Nuveen International Aggregate Bond ETF

154,410,896

TOTAL INTERNATIONAL FIXED INCOME

154,410,896

SHORT-TERM FIXED INCOME—6.1%

39,707,255

Nuveen Short Term Bond Index Fund, Class W

385,160,369

TOTAL SHORT-TERM FIXED INCOME

385,160,369

U.S. EQUITY—32.3%

42,153,934

Nuveen Equity Index Fund, Class W

2,025,496,515

TOTAL U.S. EQUITY

2,025,496,515

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $4,478,474,062)

6,255,408,353

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.2%

REPURCHASE AGREEMENT—0.2%

$10,780,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

10,780,000

TOTAL REPURCHASE AGREEMENT

10,780,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $10,780,000)

10,780,000

TOTAL INVESTMENTS—100.0%

(Cost $4,489,254,062)

6,266,188,353

OTHER ASSETS & LIABILITIES, NET—0.0%

2,634,458

NET ASSETS—100.0%

$

6,268,822,811

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $10,783,665 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $10,995,726.

Lifecycle Index 2030

Portfolio of Investments November 30, 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.7%(a)

FIXED INCOME—31.9%

279,340,135

Nuveen Bond Index Fund, Class W

$

2,751,500,329

11,982,022

Nuveen High Yield Corporate Bond ETF

301,795,981

TOTAL FIXED INCOME

3,053,296,310

INFLATION-PROTECTED ASSETS—4.1%

36,222,309

Nuveen Inflation Linked Bond Fund, Class W

395,909,839

TOTAL INFLATION-PROTECTED ASSETS

395,909,839

INTERNATIONAL EQUITY—19.9%

45,012,280

Nuveen Emerging Markets Equity Index Fund, Class W

635,573,395

45,113,675

Nuveen International Equity Index Fund, Class W

1,273,107,922

TOTAL INTERNATIONAL EQUITY

1,908,681,317

INTERNATIONAL FIXED INCOME—2.2%

8,487,774

Nuveen International Aggregate Bond ETF

214,188,977

TOTAL INTERNATIONAL FIXED INCOME

214,188,977

SHORT-TERM FIXED INCOME—4.2%

41,253,234

Nuveen Short Term Bond Index Fund, Class W

400,156,367

TOTAL SHORT-TERM FIXED INCOME

400,156,367

U.S. EQUITY—37.4%

74,386,550

Nuveen Equity Index Fund, Class W

3,574,273,742

TOTAL U.S. EQUITY

3,574,273,742

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $6,562,960,802)

9,546,506,552

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.2%

REPURCHASE AGREEMENT—0.2%

$13,560,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

13,560,000

TOTAL REPURCHASE AGREEMENT

13,560,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $13,560,000)

13,560,000

TOTAL INVESTMENTS—99.9%

(Cost $6,576,520,802)

9,560,066,552

OTHER ASSETS & LIABILITIES, NET—0.1%

11,461,218

NET ASSETS—100.0%

$

9,571,527,770

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $13,564,610 on 12/1/25, collateralized by Government Agency Securities, with coupon rates

3.875%–4.500% and maturity dates 5/31/27–2/15/44, valued at $13,831,271.

Portfolio of Investments November 30, 2025

Lifecycle Index 2035

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.7%(a)

FIXED INCOME—28.2%

278,161,065

Nuveen Bond Index Fund, Class W

$

2,739,886,486

9,969,044

Nuveen High Yield Corporate Bond ETF

251,094,299

TOTAL FIXED INCOME

2,990,980,785

INFLATION-PROTECTED ASSETS—2.1%

20,783,882

Nuveen Inflation Linked Bond Fund, Class W

227,167,832

TOTAL INFLATION-PROTECTED ASSETS

227,167,832

INTERNATIONAL EQUITY—22.7%

56,915,708

Nuveen Emerging Markets Equity Index Fund, Class W

803,649,796

57,112,351

Nuveen International Equity Index Fund, Class W

1,611,710,559

TOTAL INTERNATIONAL EQUITY

2,415,360,355

INTERNATIONAL FIXED INCOME—2.0%

8,431,453

Nuveen International Aggregate Bond ETF

212,767,716

TOTAL INTERNATIONAL FIXED INCOME

212,767,716

SHORT-TERM FIXED INCOME—2.2%

23,929,231

Nuveen Short Term Bond Index Fund, Class W

232,113,544

TOTAL SHORT-TERM FIXED INCOME

232,113,544

U.S. EQUITY—42.5%

93,967,025

Nuveen Equity Index Fund, Class W

4,515,115,554

TOTAL U.S. EQUITY

4,515,115,554

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $6,953,418,979)

10,593,505,786

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.2%

REPURCHASE AGREEMENT—0.2%

$20,930,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

20,930,000

TOTAL REPURCHASE AGREEMENT

20,930,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $20,930,000)

20,930,000

TOTAL INVESTMENTS—99.9%

(Cost $6,974,348,979)

10,614,435,786

OTHER ASSETS & LIABILITIES, NET—0.1%

8,247,009

NET ASSETS—100.0%

$

10,622,682,795

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $20,937,116 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.875% and maturity date 5/31/27, valued at $21,348,610.

Lifecycle Index 2040

Portfolio of Investments November 30, 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.8%(a)

FIXED INCOME—20.9%

217,804,301

Nuveen Bond Index Fund, Class W

$

2,145,372,367

6,967,115

Nuveen High Yield Corporate Bond ETF

175,483,513

TOTAL FIXED INCOME

2,320,855,880

INFLATION-PROTECTED ASSETS—0.2%

1,521,325

Nuveen Inflation Linked Bond Fund, Class W

16,628,080

TOTAL INFLATION-PROTECTED ASSETS

16,628,080

INTERNATIONAL EQUITY—26.9%

70,674,493

Nuveen Emerging Markets Equity Index Fund, Class W

997,923,845

70,516,594

Nuveen International Equity Index Fund, Class W

1,989,978,274

TOTAL INTERNATIONAL EQUITY

2,987,902,119

INTERNATIONAL FIXED INCOME—1.5%

6,624,165

Nuveen International Aggregate Bond ETF

167,160,804

TOTAL INTERNATIONAL FIXED INCOME

167,160,804

SHORT-TERM FIXED INCOME—0.2%

2,654,707

Nuveen Short Term Bond Index Fund, Class W

25,750,661

TOTAL SHORT-TERM FIXED INCOME

25,750,661

U.S. EQUITY—50.1%

116,116,518

Nuveen Equity Index Fund, Class W

5,579,398,712

TOTAL U.S. EQUITY

5,579,398,712

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $6,680,269,629)

11,097,696,256

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.2%

REPURCHASE AGREEMENT—0.2%

$22,950,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

22,950,000

TOTAL REPURCHASE AGREEMENT

22,950,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $22,950,000)

22,950,000

TOTAL INVESTMENTS—100.0%

(Cost $6,703,219,629)

11,120,646,256

OTHER ASSETS & LIABILITIES, NET—0.0%

4,819,321

NET ASSETS—100.0%

$

11,125,465,577

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $22,957,803 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $23,409,121.

Portfolio of Investments November 30, 2025

Lifecycle Index 2045

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.7%(a)

FIXED INCOME—13.6%

127,595,489

Nuveen Bond Index Fund, Class W

$

1,256,815,569

3,085,827

Nuveen High Yield Corporate Bond ETF

77,723,959

TOTAL FIXED INCOME

1,334,539,528

INTERNATIONAL EQUITY—29.6%

68,719,489

Nuveen Emerging Markets Equity Index Fund, Class W

970,319,184

68,940,702

Nuveen International Equity Index Fund, Class W

1,945,506,621

TOTAL INTERNATIONAL EQUITY

2,915,825,805

INTERNATIONAL FIXED INCOME—1.0%

3,830,726

Nuveen International Aggregate Bond ETF

96,668,371

TOTAL INTERNATIONAL FIXED INCOME

96,668,371

U.S. EQUITY—55.5%

113,548,020

Nuveen Equity Index Fund, Class W

5,455,982,338

TOTAL U.S. EQUITY

5,455,982,338

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $5,921,292,717)

9,803,016,042

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.2%

REPURCHASE AGREEMENT—0.2%

$20,350,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

20,350,000

TOTAL REPURCHASE AGREEMENT

20,350,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $20,350,000)

20,350,000

TOTAL INVESTMENTS—99.9%

(Cost $5,941,642,717)

9,823,366,042

OTHER ASSETS & LIABILITIES, NET—0.1%

10,390,697

NET ASSETS—100.0%

$

9,833,756,739

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $20,356,919 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $20,757,010.

Lifecycle Index 2050

Portfolio of Investments November 30, 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.7%(a)

FIXED INCOME—9.5%

81,963,349

Nuveen Bond Index Fund, Class W

$

807,338,983

159,946

Nuveen High Yield Corporate Bond ETF

4,028,624

TOTAL FIXED INCOME

811,367,607

INTERNATIONAL EQUITY—31.2%

62,618,337

Nuveen Emerging Markets Equity Index Fund, Class W

884,170,921

62,637,002

Nuveen International Equity Index Fund, Class W

1,767,616,205

TOTAL INTERNATIONAL EQUITY

2,651,787,126

INTERNATIONAL FIXED INCOME—0.7%

2,473,466

Nuveen International Aggregate Bond ETF

62,417,914

TOTAL INTERNATIONAL FIXED INCOME

62,417,914

U.S. EQUITY—58.3%

103,124,288

Nuveen Equity Index Fund, Class W

4,955,122,037

TOTAL U.S. EQUITY

4,955,122,037

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $5,122,668,783)

8,480,694,684

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.2%

REPURCHASE AGREEMENT—0.2%

$17,110,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

17,110,000

TOTAL REPURCHASE AGREEMENT

17,110,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $17,110,000)

17,110,000

TOTAL INVESTMENTS—99.9%

(Cost $5,139,778,783)

8,497,804,684

OTHER ASSETS & LIABILITIES, NET—0.1%

4,501,815

NET ASSETS—100.0%

$

8,502,306,499

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $17,115,817 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $17,452,285.

Portfolio of Investments November 30, 2025

Lifecycle Index 2055

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.7%(a)

FIXED INCOME—8.2%

45,724,660

Nuveen Bond Index Fund, Class W

$

450,387,902

TOTAL FIXED INCOME

450,387,902

INTERNATIONAL EQUITY—31.7%

41,231,379

Nuveen Emerging Markets Equity Index Fund, Class W

582,187,071

41,141,613

Nuveen International Equity Index Fund, Class W

1,161,016,317

TOTAL INTERNATIONAL EQUITY

1,743,203,388

INTERNATIONAL FIXED INCOME—0.6%

1,380,550

Nuveen International Aggregate Bond ETF

34,838,179

TOTAL INTERNATIONAL FIXED INCOME

34,838,179

U.S. EQUITY—59.2%

67,702,113

Nuveen Equity Index Fund, Class W

3,253,086,531

TOTAL U.S. EQUITY

3,253,086,531

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $3,522,217,888)

5,481,516,000

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.2%

REPURCHASE AGREEMENT—0.2%

$12,120,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

12,120,000

TOTAL REPURCHASE AGREEMENT

12,120,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $12,120,000)

12,120,000

TOTAL INVESTMENTS—99.9%

(Cost $3,534,337,888)

5,493,636,000

OTHER ASSETS & LIABILITIES, NET—0.1%

5,753,925

NET ASSETS—100.0%

$

5,499,389,925

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $12,124,121 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $12,362,432.

Lifecycle Index 2060

Portfolio of Investments November 30, 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.7%(a)

FIXED INCOME—7.1%

23,831,911

Nuveen Bond Index Fund, Class W

$

234,744,326

TOTAL FIXED INCOME

234,744,326

INTERNATIONAL EQUITY—32.1%

25,340,569

Nuveen Emerging Markets Equity Index Fund, Class W

357,808,836

25,269,230

Nuveen International Equity Index Fund, Class W

713,097,669

TOTAL INTERNATIONAL EQUITY

1,070,906,505

INTERNATIONAL FIXED INCOME—0.5%

717,231

Nuveen International Aggregate Bond ETF

18,099,324

TOTAL INTERNATIONAL FIXED INCOME

18,099,324

U.S. EQUITY—60.0%

41,608,499

Nuveen Equity Index Fund, Class W

1,999,288,397

TOTAL U.S. EQUITY

1,999,288,397

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $2,275,785,328)

3,323,038,552

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.3%

REPURCHASE AGREEMENT—0.3%

$10,050,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

10,050,000

TOTAL REPURCHASE AGREEMENT

10,050,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $10,050,000)

10,050,000

TOTAL INVESTMENTS—100.0%

(Cost $2,285,835,328)

3,333,088,552

OTHER ASSETS & LIABILITIES, NET—(0.0)%

(277,730)

NET ASSETS—100.0%

$

3,332,810,822

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $10,053,417 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $10,251,096.

Portfolio of Investments November 30, 2025

Lifecycle Index 2065

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.6%(a)

FIXED INCOME—5.9%

4,944,894

Nuveen Bond Index Fund, Class W

$

48,707,202

TOTAL FIXED INCOME

48,707,202

INTERNATIONAL EQUITY—32.5%

6,439,435

Nuveen Emerging Markets Equity Index Fund, Class W

90,924,826

6,312,576

Nuveen International Equity Index Fund, Class W

178,140,901

TOTAL INTERNATIONAL EQUITY

269,065,727

INTERNATIONAL FIXED INCOME—0.5%

146,685

Nuveen International Aggregate Bond ETF

3,701,596

TOTAL INTERNATIONAL FIXED INCOME

3,701,596

U.S. EQUITY—60.7%

10,443,579

Nuveen Equity Index Fund, Class W

501,813,966

TOTAL U.S. EQUITY

501,813,966

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $641,590,014)

823,288,491

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.3%

REPURCHASE AGREEMENT—0.3%

$2,650,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

2,650,000

TOTAL REPURCHASE AGREEMENT

2,650,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $2,650,000)

2,650,000

TOTAL INVESTMENTS—99.9%

(Cost $644,240,014)

825,938,491

OTHER ASSETS & LIABILITIES, NET—0.1%

899,478

NET ASSETS—100.0%

$

826,837,969

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $2,650,901 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $2,703,074.

Lifecycle Index 2070

Portfolio of Investments November 30, 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—98.7%(a)

FIXED INCOME—4.0%

20,865

Nuveen Bond Index Fund, Class W

$

205,518

TOTAL FIXED INCOME

205,518

INTERNATIONAL EQUITY—32.6%

39,696

Nuveen Emerging Markets Equity Index Fund, Class W

560,502

39,128

Nuveen International Equity Index Fund, Class W

1,104,188

TOTAL INTERNATIONAL EQUITY

1,664,690

INTERNATIONAL FIXED INCOME—1.0%

2,028

Nuveen International Aggregate Bond ETF

51,177

TOTAL INTERNATIONAL FIXED INCOME

51,177

U.S. EQUITY—61.1%

64,863

Nuveen Equity Index Fund, Class W

3,116,674

TOTAL U.S. EQUITY

3,116,674

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $4,934,670)

5,038,059

TOTAL INVESTMENTS—98.7%

(Cost $4,934,670)

5,038,059

OTHER ASSETS & LIABILITIES, NET—1.3%

65,901

NET ASSETS—100.0%

$

5,103,960

ETF

Exchange Traded Fund

(a) Affiliated fund.

Statement of Assets and Liabilities

See Notes to Financial Statements

November 30, 2025 (Unaudited)

14.1 Lifecycle Index Retirement

Income

14.2 Lifecycle Index 2010

14.3 Lifecycle Index 2015

ASSETS

Affiliated investments, at value

‡

$

843,246,026

$

659,288,220

$

1,008,267,719

Short-term investments, at value

#

390,000

1,530,000

1,860,000

Cash

5,982

10,899

1,751

Receivables:

Dividends

1,219,950

1,070,047

1,467,117

Interest

520

632

Investments sold

626,455

100,139

285,943

Reimbursement from Adviser

59,646

43,904

67,678

Shares sold

737,468

253,277

165,375

Other

70,628

90,158

128,162

Total assets

846,356,288

662,387,164

1,012,244,377

LIABILITIES

Due to affiliates

4,444

4,313

4,652

Payables:

Management fees

114,042

89,044

136,033

Investments purchased - regular settlement

14,235

956,089

948,512

Shares redeemed

856,375

160,188

476,666

Service agreement fees

8,974

9,151

13,914

Accrued expenses:

Custodian fees

7,107

7,089

7,137

Professional fees

7,338

7,357

7,320

Shareholder reporting expenses

21,326

23,594

26,559

Shareholder servicing agent fees

7,802

5,640

6,382

Trustees fees

31,146

51,983

89,943

12b-1 distribution and service fees

2,449

3,575

Other

14,310

12,988

15,898

Total liabilities

1,087,543

1,329,885

1,736,591

Net assets

$

845,268,745

$

661,057,279

$

1,010,507,786

NET ASSETS CONSIST OF:

Paid-in capital

$

691,755,817

$

504,622,486

$

727,342,172

Total distributable earnings (loss)

153,512,928

156,434,793

283,165,614

Net assets

$

845,268,745

$

661,057,279

$

1,010,507,786

‡

Affiliated investments, cost

$

656,329,410

$

503,214,793

$

739,235,742

#

Short-term investments, cost

$

390,000

$

1,530,000

$

1,860,000

CLASS I:

Net assets

$

2,075,899

$

1,194,880

$

2,053,949

Shares outstanding

117,415

65,616

107,280

Net asset value ("NAV") and offering price per share

$

.68

$

.21

$

.15

PREMIER CLASS:

Net assets

$

3,621,756

$

19,750,879

$

29,124,356

Shares outstanding

204,851

1,091,170

1,531,234

NAV and offering price per share

$

.68

$

.10

$

.02

CLASS R6:

Net assets

$

797,123,569

$

595,522,513

$

911,032,365

Shares outstanding

45,035,860

32,742,890

47,602,658

NAV and offering price per share

$

.70

$

.19

$

.14

RETIREMENT CLASS:

Net assets

$

42,447,521

$

44,589,007

$

68,297,116

Shares outstanding

2,404,046

2,480,511

3,605,250

NAV and offering price per share

$

.66

$

.98

$

.94

Authorized shares - per class

Unlimited

Unlimited

Unlimited

Par value per share

$

.0001

$

.0001

$

.0001

See Notes to Financial Statements

14.4 Lifecycle Index 2020

14.5 Lifecycle Index 2025

14.6 Lifecycle Index 2030

14.7 Lifecycle Index 2035

14.8 Lifecycle Index 2040

14.9 Lifecycle Index 2045

15.01 Lifecycle Index 2050

$

3,023,196,586

$

6,255,408,353

$

9,546,506,552

$

10,593,505,786

$

11,097,696,256

$

9,803,016,042

$

8,480,694,684

4,980,000

10,780,000

13,560,000

20,930,000

22,950,000

20,350,000

17,110,000

5,531

12,222

20,198

18,033

14,575

7,650

12,947

4,137,606

8,050,817

10,670,460

10,013,361

7,301,269

4,187,786

2,671,548

1,693

3,665

4,610

7,116

7,803

6,919

5,817

1,433,508

2,589,210

668,850

–

–

349,446

1,644,633

186,882

369,072

524,705

539,527

520,614

455,153

382,510

1,696,409

2,619,538

5,025,828

6,685,165

5,291,179

9,069,392

6,296,141

228,646

257,091

300,841

294,433

317,703

218,125

174,204

3,035,866,861

6,280,089,968

9,577,282,044

10,631,993,421

11,134,099,399

9,837,660,513

8,508,992,484

6,643

9,652

12,497

13,406

14,043

12,667

11,456

399,372

806,684

1,198,856

1,295,683

1,321,658

1,166,649

1,011,221

2,590,094

4,998,067

–

3,495,792

1,823,137

–

–

1,146,314

4,971,020

3,914,842

3,876,936

4,824,544

2,218,031

5,243,258

32,502

65,366

94,314

88,797

87,764

76,713

63,899

7,104

7,158

7,126

7,130

7,166

7,121

7,100

7,096

6,740

6,389

6,278

6,226

6,369

6,512

58,152

87,864

123,886

128,379

119,337

110,146

95,327

10,396

13,935

17,472

16,955

18,147

18,117

17,985

192,870

269,766

318,842

313,850

338,364

235,689

189,263

9,612

17,637

24,993

30,671

30,945

23,634

16,708

33,011

13,268

35,057

36,749

42,491

28,638

23,256

4,493,166

11,267,157

5,754,274

9,310,626

8,633,822

3,903,774

6,685,985

$

3,031,373,695

$

6,268,822,811

$

9,571,527,770

$

10,622,682,795

$

11,125,465,577

$

9,833,756,739

$

8,502,306,499

$

2,139,786,672

$

4,411,868,220

$

6,580,437,647

$

7,022,975,880

$

6,731,373,795

$

6,012,885,911

$

5,199,827,256

891,587,023

1,856,954,591

2,991,090,123

3,599,706,915

4,394,091,782

3,820,870,828

3,302,479,243

$

3,031,373,695

$

6,268,822,811

$

9,571,527,770

$

10,622,682,795

$

11,125,465,577

$

9,833,756,739

$

8,502,306,499

$

2,186,409,089

$

4,478,474,062

$

6,562,960,802

$

6,953,418,979

$

6,680,269,629

$

5,921,292,717

$

5,122,668,783

$

4,980,000

$

10,780,000

$

13,560,000

$

20,930,000

$

22,950,000

$

20,350,000

$

17,110,000

$

11,879,159

$

26,091,952

$

48,109,842

$

40,400,177

$

42,255,108

$

46,536,772

$

34,606,781

556,447

1,073,147

1,731,544

1,298,606

1,223,280

1,266,733

918,983

$

.35

$

.31

$

.78

$

.11

$

.54

$

.74

$

.66

$

77,765,375

$

140,553,476

$

203,204,432

$

249,586,477

$

251,660,703

$

192,927,839

$

136,303,397

3,664,018

5,805,121

7,354,058

8,069,574

7,331,868

5,276,784

3,639,695

$

.22

$

.21

$

.63

$

.93

$

.32

$

.56

$

.45

$

2,786,145,378

$

5,787,668,973

$

8,866,430,739

$

9,901,738,108

$

10,408,335,441

$

9,223,450,383

$

8,024,731,453

130,409,465

237,660,877

318,664,225

317,803,199

301,023,583

250,621,140

212,761,352

$

.36

$

.35

$

.82

$

.16

$

.58

$

.80

$

.72

$

155,583,783

$

314,508,410

$

453,782,757

$

430,958,033

$

423,214,325

$

370,841,745

$

306,664,868

7,362,312

13,066,960

16,507,694

14,005,455

12,385,817

10,202,430

8,237,855

$

.13

$

.07

$

.49

$

.77

$

.17

$

.35

$

.23

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

$

.0001

$

.0001

$

.0001

$

.0001

$

.0001

$

.0001

$

.0001

Statement of Assets and Liabilities

(continued)

See Notes to Financial Statements

(continued)

(continued)

Statement of Assets and Liabilities

(continued)

November 30, 2025 (Unaudited)

15.1 Lifecycle Index 2055

15.2 Lifecycle Index 2060

15.3 Lifecycle Index 2065

ASSETS

Affiliated investments, at value

‡

$

5,481,516,000

$

3,323,038,552

$

823,288,491

Short-term investments, at value

#

12,120,000

10,050,000

2,650,000

Cash

9,894

9,504

1,200

Receivables:

Dividends

1,489,402

774,512

158,970

Interest

4,121

3,417

901

Investments sold

2,834,641

282,416

50,750

Reimbursement from Adviser

280,978

197,893

60,611

Shares sold

6,066,541

3,833,755

1,787,750

Other

87,105

83,663

43,548

Total assets

5,504,408,682

3,338,273,712

828,042,221

LIABILITIES

Due to affiliates

8,569

6,543

4,319

Payables:

Management fees

652,288

394,636

96,830

Investments purchased - regular settlement

2,620,249

2,744,257

789,746

Shares redeemed

1,437,113

2,077,930

220,030

Service agreement fees

38,208

22,647

4,143

Accrued expenses:

Custodian fees

7,162

7,137

7,154

Professional fees

6,839

7,073

7,344

Shareholder reporting expenses

95,529

102,396

50,347

Shareholder servicing agent fees

16,971

16,982

5,107

Trustees fees

96,367

45,313

5,971

12b-1 distribution and service fees

7,686

5,506

768

Other

31,776

32,470

12,493

Total liabilities

5,018,757

5,462,890

1,204,252

Net assets

$

5,499,389,925

$

3,332,810,822

$

826,837,969

NET ASSETS CONSIST OF:

Paid-in capital

$

3,581,677,277

$

2,312,553,923

$

646,891,254

Total distributable earnings (loss)

1,917,712,648

1,020,256,899

179,946,715

Net assets

$

5,499,389,925

$

3,332,810,822

$

826,837,969

‡

Affiliated investments, cost

$

3,522,217,888

$

2,275,785,328

$

641,590,014

#

Short-term investments, cost

$

12,120,000

$

10,050,000

$

2,650,000

CLASS I:

Net assets

$

32,712,550

$

21,625,938

$

8,314,767

Shares outstanding

1,071,755

910,531

493,552

Net asset value ("NAV") and offering price per share

$

.52

$

.75

$

.85

PREMIER CLASS:

Net assets

$

62,647,344

$

44,607,694

$

6,483,861

Shares outstanding

2,058,859

1,884,260

385,766

NAV and offering price per share

$

.43

$

.67

$

.81

CLASS R6:

Net assets

$

5,220,730,041

$

3,157,241,664

$

791,812,665

Shares outstanding

170,806,308

132,845,839

46,412,154

NAV and offering price per share

$

.57

$

.77

$

.06

RETIREMENT CLASS:

Net assets

$

183,299,990

$

109,335,526

$

20,226,676

Shares outstanding

6,046,246

4,632,983

1,203,553

NAV and offering price per share

$

.32

$

.60

$

.81

Authorized shares - per class

Unlimited

Unlimited

Unlimited

Par value per share

$

.0001

$

.0001

$

.0001

See Notes to Financial Statements

15.4 Lifecycle Index 2070

$

5,038,059

–

9,353

672

–

3,574

25,000

–

54,744

5,131,402

5,546

607

–

–

1,206

8,895

6,619

1,576

2,786

27,442

$

5,103,960

$

5,000,000

103,960

$

5,103,960

$

4,934,670

$

–

$

510,315

50,000

$

.21

$

510,315

50,000

$

.21

$

3,573,100

350,000

$

.21

$

510,230

50,000

$

.20

Unlimited

$

.0001

Statement of Operations

See Notes to Financial Statements

Six Months Ended November 30, 2025 (Unaudited)

14.1 Lifecycle Index Retirement

Income

14.2 Lifecycle Index 2010

14.3 Lifecycle Index 2015

INVESTMENT INCOME

Dividends from affiliated investments

$

9,662,051

$

8,583,941

$

11,960,171

Interest

26,909

13,675

17,261

Total investment income

9,688,960

8,597,616

11,977,432

EXPENSES

Management fees

700,403

568,952

863,351

12b-1 distribution and service fees —

Premier Class

2,677

14,864

21,843

Shareholder servicing agent fees —

Class I

847

Shareholder servicing agent fees —

Premier Class

Shareholder servicing agent fees —

Class R6

14,992

11,458

13,020

Shareholder servicing agent fees —

Retirement Class

51,062

55,338

86,442

Administrative service fees

12,053

11,602

12,432

Trustees fees

4,242

3,522

5,254

Custodian expenses

3,867

3,854

3,880

Professional fees

7,750

7,686

7,807

Registration fees

9,008

8,253

8,441

Shareholder reporting expenses

15,107

14,426

11,598

Other

43,867

38,744

51,013

Total expenses

865,956

738,908

1,085,414

Expenses reimbursed by the investment adviser

(80,443)

(73,732)

(75,893)

Fee waiver by investment adviser

(335,028)

(270,576)

(402,620)

Net expenses

450,485

394,600

606,901

Net investment income (loss)

9,238,475

8,203,016

11,370,531

REALIZED AND UNREALIZED GAIN (LOSS)

Realized gain (loss) from:

Affiliated investments

(3,547,078)

11,831,643

27,878,146

Net realized gain (loss)

(3,547,078)

11,831,643

27,878,146

Change in unrealized appreciation (depreciation) on:

Affiliated investments

60,611,213

30,238,536

42,926,960

Net change in unrealized appreciation (depreciation)

60,611,213

30,238,536

42,926,960

Net realized and unrealized gain (loss)

57,064,135

42,070,179

70,805,106

Net increase (decrease) in net assets from operations

$

66,302,610

$

50,273,195

$

82,175,637

See Notes to Financial Statements

14.4 Lifecycle Index

2020

14.5 Lifecycle Index

2025

14.6 Lifecycle Index

2030

14.7 Lifecycle Index

2035

14.8 Lifecycle Index

2040

14.9 Lifecycle Index

2045

15.01 Lifecycle Index

2050

15.1 Lifecycle Index

2055

$

32,936,270

$

60,622,758

$

75,717,674

$

67,206,083

$

45,584,122

$

25,440,336

$

15,797,526

$

8,752,928

49,890

114,848

232,078

276,511

283,223

262,790

226,750

162,068

32,986,160

60,737,606

75,949,752

67,482,594

45,867,345

25,703,126

16,024,276

8,914,996

2,547,979

5,069,260

7,373,342

7,923,117

8,096,696

7,035,955

6,072,380

3,864,667

57,392

107,127

147,224

180,788

182,730

137,335

97,086

44,678

1,414

2,996

5,593

4,390

4,662

4,793

3,784

3,453

20,793

27,078

31,700

32,853

35,432

35,249

36,145

33,899

205,911

405,401

571,091

539,296

529,714

459,049

385,666

231,451

17,651

25,657

33,667

36,291

37,790

34,248

31,048

23,372

15,888

32,170

48,070

53,040

56,153

48,823

42,330

26,867

3,857

3,898

3,887

3,873

3,912

3,876

3,855

3,883

8,538

9,648

10,740

11,094

11,300

10,803

10,358

9,297

7,894

9,949

7,893

6,582

6,798

8,611

10,513

13,006

13,355

8,989

24,930

27,558

12,932

21,620

20,898

46,333

127,276

242,757

354,410

385,932

402,502

357,776

314,385

206,490

3,028,042

5,945,061

8,612,733

9,204,995

9,380,804

8,158,314

7,028,579

4,507,528

(103,702)

(136,178)

(184,979)

(197,541)

(191,335)

(189,501)

(180,952)

(179,086)

(1,149,339)

(2,196,792)

(3,079,590)

(3,177,228)

(3,076,632)

(2,673,562)

(2,272,110)

(1,447,282)

1,775,001

3,612,091

5,348,164

5,830,226

6,112,837

5,295,251

4,575,517

2,881,160

31,211,159

57,125,515

70,601,588

61,652,368

39,754,508

20,407,875

11,448,759

6,033,836

79,968,410

117,281,248

55,606,212

27,783,526

74,941,714

33,952,593

33,541,819

11,402,959

79,968,410

117,281,248

55,606,212

27,783,526

74,941,714

33,952,593

33,541,819

11,402,959

153,461,703

396,387,982

797,211,596

1,012,489,554

1,174,933,703

1,138,588,584

1,017,013,791

663,142,601

153,461,703

396,387,982

797,211,596

1,012,489,554

1,174,933,703

1,138,588,584

1,017,013,791

663,142,601

233,430,113

513,669,230

852,817,808

1,040,273,080

1,249,875,417

1,172,541,177

1,050,555,610

674,545,560

$

264,641,272

$

570,794,745

$

923,419,396

$

1,101,925,448

$

1,289,629,925

$

1,192,949,052

$

1,062,004,369

$

680,579,396

Statement of Operations

(continued)

See Notes to Financial Statements

(continued)

(continued)

Statement of Operations

(continued)

Six Months Ended November 30, 2025 (Unaudited)

15.2 Lifecycle Index 2060

15.3 Lifecycle Index 2065

15.4 Lifecycle Index 2070

(a) INVESTMENT INCOME

Dividends from affiliated investments

$

4,473,351

$

872,363

$

1,365

Interest

110,317

41,651

Total investment income

4,583,668

914,014

1,369

EXPENSES

Management fees

2,300,394

537,224

1,234

12b-1 distribution and service fees —

Premier Class

31,605

4,177

Shareholder servicing agent fees —

Class I

2,293

Shareholder servicing agent fees —

Premier Class

Shareholder servicing agent fees —

Class R6

36,048

10,854

Shareholder servicing agent fees —

Retirement Class

133,413

23,160

603

Administrative service fees

17,933

11,814

5,546

Trustees fees

15,917

3,706

Custodian expenses

3,878

3,902

1,206

Professional fees

8,550

7,712

8,896

Registration fees

9,488

8,399

20,089

Shareholder reporting expenses

74,022

47,688

9,251

Other

128,931

39,571

3,978

Total expenses

2,762,573

698,343

52,150

Expenses reimbursed by the investment adviser

(185,063)

(108,165)

(50,353)

Fee waiver by investment adviser

(862,186)

(203,825)

(480) Net expenses

1,715,324

386,353

1,317

Net investment income (loss)

2,868,344

527,661

REALIZED AND UNREALIZED GAIN (LOSS)

Realized gain (loss) from:

Affiliated investments

3,212,923

772,081

519

Net realized gain (loss)

3,212,923

772,081

519

Change in unrealized appreciation (depreciation) on:

Affiliated investments

401,350,685

93,652,977

103,389

Net change in unrealized appreciation (depreciation)

401,350,685

93,652,977

103,389

Net realized and unrealized gain (loss)

404,563,608

94,425,058

103,908

Net increase (decrease) in net assets from operations

$

407,431,952

$

94,952,719

$

103,960

(a) For the period September 30, 2025 (commencement of operations) through November 30, 2025.

Statement of Changes in Net Assets

See Notes to Financial Statements

14.1 Lifecycle Index Retirement Income

14.2 Lifecycle Index 2010

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

OPERATIONS

Net investment income (loss)

$

9,238,475

$

21,061,145

$

8,203,016

$

19,708,913

Net realized gain (loss)

(3,547,078)

8,642,743

11,831,643

8,595,249

Net change in unrealized appreciation

(depreciation)

60,611,213

30,549,753

30,238,536

23,288,661

Net increase (decrease) in net assets from

operations

66,302,610

60,253,641

50,273,195

51,592,823

DISTRIBUTIONS TO SHAREHOLDERS

–

–

–

–

Dividends:

Class I

(23,830)

(117,405)

–

(63,151)

Premier Class

(37,504)

(169,007)

–

(1,082,179)

Class R6

(8,634,160)

(34,079,677)

–

(35,269,602)

Retirement Class

(396,531)

(1,777,446)

–

(3,166,503)

Total distributions

(9,092,025)

(36,143,535)

–

(39,581,435)

FUND SHARE TRANSACTIONS

Subscriptions

153,344,310

291,021,152

51,674,752

151,595,921

Reinvestments of distributions

8,179,617

32,356,472

–

38,618,995

Redemptions

(146,098,283)

(279,862,514)

(99,203,607)

(173,126,796)

Net increase (decrease) from Fund share

transactions

15,425,644

43,515,110

(47,528,855)

17,088,120

Net increase (decrease) in net assets

72,636,229

67,625,216

2,744,340

29,099,508

Net assets at the beginning of period

772,632,516

705,007,300

658,312,939

629,213,431

Net assets at the end of period

$

845,268,745

$

772,632,516

$

661,057,279

$

658,312,939

See Notes to Financial Statements

14.3 Lifecycle Index 2015

14.4 Lifecycle Index 2020

14.5 Lifecycle Index 2025

14.6 Lifecycle Index 2030

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

$

11,370,531

$

30,237,872

$

31,211,159

$

86,426,109

$

57,125,515

$

163,880,170

$

70,601,588

$

216,661,330

27,878,146

28,235,099

79,968,410

74,471,482

117,281,248

117,299,924

55,606,212

75,441,961

42,926,960

28,005,958

153,461,703

104,194,088

396,387,982

259,274,376

797,211,596

507,666,487

82,175,637

86,478,929

264,641,272

265,091,679

570,794,745

540,454,470

923,419,396

799,769,778

–

–

–

–

–

–

–

–

–

(88,784)

–

(498,250)

–

(1,003,354)

–

(1,182,128)

–

(2,068,961)

–

(4,616,954)

–

(7,179,439)

–

(5,945,242)

–

(67,904,425)

–

(181,210,212)

–

(303,398,019)

–

(273,631,618)

–

(5,598,328)

–

(11,760,622)

–

(18,513,073)

–

(14,885,398)

–

(75,660,498)

–

(198,086,038)

–

(330,093,885)

–

(295,644,386)

66,111,034

172,676,982

187,883,913

478,699,383

468,740,324

1,108,526,763

802,097,622

1,686,687,488

–

73,233,137

–

187,563,849

–

309,535,961

–

279,825,532

(140,268,760)

(301,583,382)

(431,684,539)

(806,495,302)

(800,987,073)

(1,550,158,915)

(980,848,202)

(1,662,264,742)

(74,157,726)

(55,673,263)

(243,800,626)

(140,232,070)

(332,246,749)

(132,096,191)

(178,750,580)

304,248,278

8,017,911

(44,854,832)

20,840,646

(73,226,429)

238,547,996

78,264,394

744,668,816

808,373,670

1,002,489,875

1,047,344,707

3,010,533,049

3,083,759,478

6,030,274,815

5,952,010,421

8,826,858,954

8,018,485,284

$

1,010,507,786

$

1,002,489,875

$

3,031,373,695

$

3,010,533,049

$

6,268,822,811

$

6,030,274,815

$

9,571,527,770

$

8,826,858,954

Statement of Changes in Net Assets

(continued)

See Notes to Financial Statements

(continued)

(continued)

(continued)

Statement of Changes in Net Assets

(continued)

14.7 Lifecycle Index 2035

14.8 Lifecycle Index 2040

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

OPERATIONS

Net investment income (loss)

$

61,652,368

$

217,203,751

$

39,754,508

$

208,973,775

Net realized gain (loss)

27,783,526

69,096,194

74,941,714

63,695,673

Net change in unrealized appreciation

(depreciation)

1,012,489,554

617,653,961

1,174,933,703

751,492,485

Net increase (decrease) in net assets from

operations

1,101,925,448

903,953,906

1,289,629,925

1,024,161,933

DISTRIBUTIONS TO SHAREHOLDERS

–

–

–

–

Dividends:

Class I

–

(813,802)

–

(651,409)

Premier Class

–

(5,989,524)

–

(4,840,887)

Class R6

–

(253,729,318)

–

(218,138,231)

Retirement Class

–

(11,900,721)

–

(9,014,779)

Total distributions

–

(272,433,365)

–

(232,645,306)

FUND SHARE TRANSACTIONS

Subscriptions

911,702,065

1,806,236,316

817,625,526

1,756,021,929

Reinvestments of distributions

–

258,157,477

–

223,656,958

Redemptions

(1,040,221,295)

(1,504,510,809)

(1,188,736,971)

(1,438,406,436)

Net increase (decrease) from Fund share

transactions

(128,519,230)

559,882,984

(371,111,445)

541,272,451

Net increase (decrease) in net assets

973,406,218

1,191,403,525

918,518,480

1,332,789,078

Net assets at the beginning of period

9,649,276,577

8,457,873,052

10,206,947,097

8,874,158,019

Net assets at the end of period

$

10,622,682,795

$

9,649,276,577

$

11,125,465,577

$

10,206,947,097

See Notes to Financial Statements

14.9 Lifecycle Index 2045

15.01 Lifecycle Index 2050

15.1 Lifecycle Index 2055

15.2 Lifecycle Index 2060

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

$

20,407,875

$

167,502,352

$

11,448,759

$

138,659,077

$

6,033,836

$

84,437,383

$

2,868,344

$

47,534,725

33,952,593

19,773,083

33,541,819

8,259,521

11,402,959

(3,468,689)

3,212,923

(1,546,987)

1,138,588,584

722,367,306

1,017,013,791

648,549,037

663,142,601

410,171,669

401,350,685

237,114,145

1,192,949,052

909,642,741

1,062,004,369

795,467,635

680,579,396

491,140,363

407,431,952

283,101,883

–

–

–

–

–

–

–

–

–

(613,058)

–

(499,834)

–

(416,694)

–

(279,754)

–

(3,279,927)

–

(2,272,007)

–

(998,833)

–

(646,601)

–

(174,404,153)

–

(144,424,672)

–

(86,948,304)

–

(48,633,549)

–

(6,929,507)

–

(5,627,412)

–

(3,326,374)

–

(1,767,146)

–

(185,226,645)

–

(152,823,925)

–

(91,690,205)

–

(51,327,050)

854,039,063

1,685,678,833

760,710,064

1,554,428,479

627,767,876

1,211,338,705

494,998,384

916,864,515

–

176,964,444

–

146,386,863

–

87,358,025

–

48,792,262

(1,005,812,408)

(1,213,874,110)

(918,910,538)

(1,009,906,407)

(577,616,920)

(677,868,661)

(359,768,444)

(485,389,715)

(151,773,345)

648,769,167

(158,200,474)

690,908,935

50,150,956

620,828,069

135,229,940

480,267,062

1,041,175,707

1,373,185,263

903,803,895

1,333,552,645

730,730,352

1,020,278,227

542,661,892

712,041,895

8,792,581,032

7,419,395,769

7,598,502,604

6,264,949,959

4,768,659,573

3,748,381,346

2,790,148,930

2,078,107,035

$

9,833,756,739

$

8,792,581,032

$

8,502,306,499

$

7,598,502,604

$

5,499,389,925

$

4,768,659,573

$

3,332,810,822

$

2,790,148,930

Statement of Changes in Net Assets

(continued)

See Notes to Financial Statements

(continued)

Statement of Changes in Net Assets

(continued)

15.3 Lifecycle Index 2065

15.4 Lifecycle Index 2070

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

For the Period

9/30/25

(commencement of operations)

through

11/30/25

OPERATIONS

Net investment income (loss)

$

527,661

$

8,927,243

$

Net realized gain (loss)

772,081

(303,102)

519

Net change in unrealized appreciation (depreciation)

93,652,977

44,805,580

103,389

Net increase (decrease) in net assets from operations

94,952,719

53,429,721

103,960

DISTRIBUTIONS TO SHAREHOLDERS

–

–

–

Dividends:

Class I

–

(77,380)

–

Premier Class

–

(64,806)

–

Class R6

–

(9,175,272)

–

Retirement Class

–

(241,122)

–

Total distributions

–

(9,558,580)

–

FUND SHARE TRANSACTIONS

Subscriptions

207,459,634

318,780,874

5,000,020

Reinvestments of distributions

–

9,305,846

–

Redemptions

(88,822,891)

(97,733,433)

(20)

Net increase (decrease) from Fund share transactions

118,636,743

230,353,287

5,000,000

Net increase (decrease) in net assets

213,589,462

274,224,428

5,103,960

Net assets at the beginning of period

613,248,507

339,024,079

–

Net assets at the end of period

$

826,837,969

$

613,248,507

$

5,103,960

Financial Highlights

See Notes to Financial Statements

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

14.1 Lifecycle Index Retirement Income

Class I:

11/30/25

(e) $

.49

$

.19

$

.19

$

.38

$

(0

.19)

$

—

$

(0

.19)

$

.68

5/31/25

.99

.48

.87

.35

(0

.49)

(0

.36)

(0

.85)

.49

5/31/24

.90

.43

.08

.51

(0

.41)

(0

.01)

(0

.42)

.99

5/31/23

.47

.37

(0

.46)

(0

.09)

(0

.36)

(0

.12)

(0

.48)

.90

5/31/22

.19

.35

(1

.38)

(1

.03)

(0

.36)

(0

.33)

(0

.69)

.47

5/31/21

.10

.24

.18

.42

(0

.28)

(0

.05)

(0

.33)

.19

Premier Class:

11/30/25

(e) 16

.49

.18

.19

.37

(0

.18)

—

(0

.18)

.68

5/31/25

.98

.46

.88

.34

(0

.47)

(0

.36)

(0

.83)

.49

5/31/24

.89

.42

.08

.50

(0

.40)

(0

.01)

(0

.41)

.98

5/31/23

.46

.37

(0

.46)

(0

.09)

(0

.36)

(0

.12)

(0

.48)

.89

5/31/22

.18

.41

(1

.45)

(1

.04)

(0

.35)

(0

.33)

(0

.68)

.46

5/31/21

.09

.27

.14

.41

(0

.27)

(0

.05)

(0

.32)

.18

Class R6:

11/30/25

(e) 16

.51

.19

.19

.38

(0

.19)

—

(0

.19)

.70

5/31/25

.00

.48

.89

.37

(0

.50)

(0

.36)

(0

.86)

.51

5/31/24

.90

.44

.10

.54

(0

.43)

(0

.01)

(0

.44)

.00

5/31/23

.48

.39

(0

.47)

(0

.08)

(0

.38)

(0

.12)

(0

.50)

.90

5/31/22

.20

.36

(1

.37)

(1

.01)

(0

.38)

(0

.33)

(0

.71)

.48

5/31/21

.10

.28

.16

.44

(0

.29)

(0

.05)

(0

.34)

.20

Retirement Class:

11/30/25

(e) 16

.47

.17

.19

.36

(0

.17)

—

(0

.17)

.66

5/31/25

.96

.44

.89

.33

(0

.46)

(0

.36)

(0

.82)

.47

5/31/24

.87

.40

.09

.49

(0

.39)

(0

.01)

(0

.40)

.96

5/31/23

.44

.35

(0

.46)

(0

.11)

(0

.34)

(0

.12)

(0

.46)

.87

5/31/22

.16

.32

(1

.38)

(1

.06)

(0

.33)

(0

.33)

(0

.66)

.44

5/31/21

.07

.24

.16

.40

(0

.26)

(0

.05)

(0

.31)

.16

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the

income of all Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(d) Net

Investment

Income (Loss)

Portfolio

Turnover

Rate

.44

%

$

2,076

.27

%

(f) 0

.18

%

(f) 2

.18

%

(f) 17

%

.59

2,320

.22

.11

.92

.27

2,418

.32

.20

.79

(0

.45)

2,312

.31

.19

.52

(6

.30)

2,699

.33

.20

.08

.16

2,242

.34

.20

.49

.36

3,622

.35

(f) 0

.25

(f) 2

.11

(f) 17

.53

3,429

.37

.25

.80

.20

3,307

.37

.25

.72

(0

.48)

3,277

.37

.25

.53

(6

.36)

3,993

.38

.25

.37

.12

25,449

.38

.25

.63

.43

797,124

.20

(f) 0

.10

(f) 2

.26

(f) 17

.68

729,237

.22

.10

.93

.43

664,434

.22

.10

.86

(0

.40)

574,299

.22

.10

.62

(6

.20)

557,296

.23

.10

.13

.36

547,545

.23

.10

.69

.32

42,448

.44

(f) 0

.35

(f) 2

.00

(f) 17

.43

37,647

.47

.35

.72

.11

34,847

.47

.35

.59

(0

.60)

36,227

.47

.35

.36

(6

.45)

40,901

.48

.35

.90

.04

48,346

.48

.35

.45

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

14.2 Lifecycle Index 2010

Class I:

11/30/25

(e) $

.89

$

.22

$

.10

$

.32

$

—

$

—

$

—

$

.21

5/31/25

.58

.50

.86

.36

(0

.50)

(0

.55)

(1

.05)

.89

5/31/24

.63

.44

.04

.48

(0

.41)

(0

.12)

(0

.53)

.58

5/31/23

.24

.39

(0

.49)

(0

.10)

(0

.38)

(0

.13)

(0

.51)

.63

5/31/22

.13

.36

(1

.40)

(1

.04)

(0

.37)

(0

.48)

(0

.85)

.24

5/31/21

.97

.22

.35

.57

(0

.30)

(0

.11)

(0

.41)

.13

Premier Class:

11/30/25

(e) 16

.80

.20

.10

.30

—

—

—

.10

5/31/25

.51

.49

.85

.34

(0

.50)

(0

.55)

(1

.05)

.80

5/31/24

.58

.45

.01

.46

(0

.41)

(0

.12)

(0

.53)

.51

5/31/23

.18

.38

(0

.48)

(0

.10)

(0

.37)

(0

.13)

(0

.50)

.58

5/31/22

.06

.37

(1

.42)

(1

.05)

(0

.35)

(0

.48)

(0

.83)

.18

5/31/21

.92

.27

.26

.53

(0

.28)

(0

.11)

(0

.39)

.06

Class R6:

11/30/25

(e) 16

.87

.22

.10

.32

—

—

—

.19

5/31/25

.58

.52

.84

.36

(0

.52)

(0

.55)

(1

.07)

.87

5/31/24

.63

.46

.04

.50

(0

.43)

(0

.12)

(0

.55)

.58

5/31/23

.24

.41

(0

.50)

(0

.09)

(0

.39)

(0

.13)

(0

.52)

.63

5/31/22

.13

.38

(1

.41)

(1

.03)

(0

.38)

(0

.48)

(0

.86)

.24

5/31/21

.97

.30

.28

.58

(0

.31)

(0

.11)

(0

.42)

.13

Retirement Class:

11/30/25

(e) 16

.69

.19

.10

.29

—

—

—

.98

5/31/25

.41

.49

.82

.31

(0

.48)

(0

.55)

(1

.03)

.69

5/31/24

.48

.42

.02

.44

(0

.39)

(0

.12)

(0

.51)

.41

5/31/23

.08

.37

(0

.49)

(0

.12)

(0

.35)

(0

.13)

(0

.48)

.48

5/31/22

.96

.33

(1

.39)

(1

.06)

(0

.34)

(0

.48)

(0

.82)

.08

5/31/21

.83

.25

.26

.51

(0

.27)

(0

.11)

(0

.38)

.96

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the

income of all Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(d) Net

Investment

Income (Loss)

Portfolio

Turnover

Rate

.82

%

$

1,195

.22

%

(f) 0

.12

%

(f) 2

.45

%

(f) 14

%

.35

1,268

.23

.11

.99

.63

1,188

.32

.20

.74

(0

.53)

2,024

.31

.19

.52

(6

.16)

1,715

.32

.20

.03

.18

1,950

.32

.19

.28

.74

19,751

.35

(f) 0

.25

(f) 2

.33

(f) 14

.21

19,178

.37

.25

.89

.57

17,901

.37

.25

.79

(0

.60)

19,016

.37

.25

.47

(6

.19)

21,048

.38

.25

.07

.99

43,665

.38

.25

.56

.82

595,523

.20

(f) 0

.10

(f) 2

.48

(f) 14

.34

593,658

.23

.10

.06

.76

559,325

.22

.10

.90

(0

.44)

553,938

.22

.10

.63

(6

.07)

526,583

.22

.10

.12

.22

560,852

.23

.10

.71

.73

44,589

.45

(f) 0

.35

(f) 2

.23

(f) 14

.09

44,209

.47

.35

.90

.44

50,800

.47

.35

.66

(0

.66)

55,650

.47

.35

.39

(6

.32)

68,666

.47

.35

.88

.91

81,534

.48

.35

.46

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

14.3 Lifecycle Index 2015

Class I:

11/30/25

(e) $

.66

$

.22

$

.27

$

.49

$

—

$

—

$

—

$

.15

5/31/25

.50

.50

.00

.50

(0

.53)

(0

.81)

(1

.34)

.66

5/31/24

.45

.45

.26

.71

(0

.43)

(0

.23)

(0

.66)

.50

5/31/23

.04

.40

(0

.48)

(0

.08)

(0

.40)

(0

.11)

(0

.51)

.45

5/31/22

.14

.40

(1

.55)

(1

.15)

(0

.38)

(0

.57)

(0

.95)

.04

5/31/21

.65

.23

.75

.98

(0

.33)

(0

.16)

(0

.49)

.14

Premier Class:

11/30/25

(e) 17

.55

.19

.28

.47

—

—

—

.02

5/31/25

.42

.49

.97

.46

(0

.52)

(0

.81)

(1

.33)

.55

5/31/24

.37

.45

.25

.70

(0

.42)

(0

.23)

(0

.65)

.42

5/31/23

.97

.39

(0

.49)

(0

.10)

(0

.39)

(0

.11)

(0

.50)

.37

5/31/22

.07

.41

(1

.57)

(1

.16)

(0

.37)

(0

.57)

(0

.94)

.97

5/31/21

.58

.28

.68

.96

(0

.31)

(0

.16)

(0

.47)

.07

Class R6:

11/30/25

(e) 17

.65

.21

.28

.49

—

—

—

.14

5/31/25

.51

.52

.98

.50

(0

.55)

(0

.81)

(1

.36)

.65

5/31/24

.46

.48

.25

.73

(0

.45)

(0

.23)

(0

.68)

.51

5/31/23

.05

.42

(0

.48)

(0

.06)

(0

.42)

(0

.11)

(0

.53)

.46

5/31/22

.15

.39

(1

.52)

(1

.13)

(0

.40)

(0

.57)

(0

.97)

.05

5/31/21

.65

.31

.69

.00

(0

.34)

(0

.16)

(0

.50)

.15

Retirement Class:

11/30/25

(e) 17

.49

.19

.26

.45

—

—

—

.94

5/31/25

.36

.48

.96

.44

(0

.50)

(0

.81)

(1

.31)

.49

5/31/24

.32

.43

.25

.68

(0

.41)

(0

.23)

(0

.64)

.36

5/31/23

.92

.37

(0

.48)

(0

.11)

(0

.38)

(0

.11)

(0

.49)

.32

5/31/22

.00

.34

(1

.50)

(1

.16)

(0

.35)

(0

.57)

(0

.92)

.92

5/31/21

.52

.26

.67

.93

(0

.29)

(0

.16)

(0

.45)

.00

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the

income of all Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(d) Net

Investment

Income (Loss)

Portfolio

Turnover

Rate

.44

%

$

2,054

.22

%

(f) 0

.12

%

(f) 2

.35

%

(f) 13

%

.74

1,805

.22

.12

.82

.57

1,259

.30

.20

.65

(0

.33)

1,700

.30

.20

.48

(6

.40)

1,657

.31

.20

.13

.05

1,396

.31

.20

.28

.38

29,124

.34

(f) 0

.25

(f) 2

.11

(f) 13

.55

28,254

.36

.25

.79

.57

29,222

.36

.25

.67

(0

.45)

30,386

.35

.25

.41

(6

.49)

34,529

.36

.25

.16

.00

98,140

.36

.25

.55

.44

911,032

.19

(f) 0

.10

(f) 2

.26

(f) 13

.73

903,168

.21

.10

.94

.75

934,070

.21

.10

.82

(0

.28)

921,164

.20

.10

.55

(6

.32)

966,867

.21

.10

.08

.16

962,220

.21

.10

.71

.29

68,297

.44

(f) 0

.35

(f) 2

.02

(f) 13

.46

69,264

.46

.35

.73

.43

82,794

.46

.35

.58

(0

.56)

88,804

.45

.35

.31

(6

.51)

100,537

.46

.35

.83

.88

126,902

.46

.35

.44

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

14.4 Lifecycle Index 2020

Class I:

11/30/25

(e) $

.58

$

.21

$

.56

$

.77

$

—

$

—

$

—

$

.35

5/31/25

.17

.53

.17

.70

(0

.55)

(0

.74)

(1

.29)

.58

5/31/24

.76

.49

.54

.03

(0

.46)

(0

.16)

(0

.62)

.17

5/31/23

.36

.41

(0

.48)

(0

.07)

(0

.41)

(0

.12)

(0

.53)

.76

5/31/22

.67

.41

(1

.68)

(1

.27)

(0

.41)

(0

.63)

(1

.04)

.36

5/31/21

.61

.27

.23

.50

(0

.34)

(0

.10)

(0

.44)

.67

Premier Class:

11/30/25

(e) 19

.48

.20

.54

.74

—

—

—

.22

5/31/25

.10

.52

.15

.67

(0

.55)

(0

.74)

(1

.29)

.48

5/31/24

.69

.48

.54

.02

(0

.45)

(0

.16)

(0

.61)

.10

5/31/23

.29

.40

(0

.48)

(0

.08)

(0

.40)

(0

.12)

(0

.52)

.69

5/31/22

.59

.44

(1

.72)

(1

.28)

(0

.39)

(0

.63)

(1

.02)

.29

5/31/21

.55

.30

.17

.47

(0

.33)

(0

.10)

(0

.43)

.59

Class R6:

11/30/25

(e) 19

.60

.21

.55

.76

—

—

—

.36

5/31/25

.20

.55

.17

.72

(0

.58)

(0

.74)

(1

.32)

.60

5/31/24

.79

.50

.55

.05

(0

.48)

(0

.16)

(0

.64)

.20

5/31/23

.39

.43

(0

.48)

(0

.05)

(0

.43)

(0

.12)

(0

.55)

.79

5/31/22

.70

.41

(1

.66)

(1

.25)

(0

.43)

(0

.63)

(1

.06)

.39

5/31/21

.63

.33

.20

.53

(0

.36)

(0

.10)

(0

.46)

.70

Retirement Class:

11/30/25

(e) 19

.41

.19

.53

.72

—

—

—

.13

5/31/25

.02

.51

.14

.65

(0

.52)

(0

.74)

(1

.26)

.41

5/31/24

.63

.45

.53

.98

(0

.43)

(0

.16)

(0

.59)

.02

5/31/23

.22

.38

(0

.47)

(0

.09)

(0

.38)

(0

.12)

(0

.50)

.63

5/31/22

.52

.36

(1

.66)

(1

.30)

(0

.37)

(0

.63)

(1

.00)

.22

5/31/21

.48

.28

.17

.45

(0

.31)

(0

.10)

(0

.41)

.52

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the

income of all Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(d) Net

Investment

Income (Loss)

Portfolio

Turnover

Rate

.04

%

$

11,879

.20

%

(f) 0

.12

%

(f) 2

.02

%

(f) 11

%

.03

10,377

.20

.12

.71

.60

8,484

.29

.20

.66

(0

.27)

10,266

.29

.20

.36

(6

.60)

10,672

.30

.20

.03

.00

11,420

.30

.20

.37

.93

77,765

.33

(f) 0

.25

(f) 1

.90

(f) 11

.86

73,532

.34

.25

.68

.59

72,849

.34

.25

.63

(0

.32)

78,463

.34

.25

.30

(6

.65)

82,754

.35

.25

.13

.89

316,253

.35

.25

.55

.98

2,786,145

.18

(f) 0

.10

(f) 2

.05

(f) 11

.09

2,758,073

.19

.10

.83

.75

2,805,493

.19

.10

.73

(0

.21)

2,736,922

.19

.10

.44

(6

.51)

2,756,707

.19

.10

.01

.14

2,729,084

.20

.10

.72

.86

155,584

.43

(f) 0

.35

(f) 1

.81

(f) 11

.83

168,550

.44

.35

.62

.39

196,934

.44

.35

.48

(0

.39)

208,039

.44

.35

.20

(6

.76)

247,101

.44

.35

.78

.85

310,428

.45

.35

.46

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

14.5 Lifecycle Index 2025

Class I:

11/30/25

(e) $

.18

$

.21

$

.92

$

.13

$

—

$

—

$

—

$

.31

5/31/25

.41

.56

.42

.98

(0

.59)

(0

.62)

(1

.21)

.18

5/31/24

.45

.51

.96

.47

(0

.48)

(0

.03)

(0

.51)

.41

5/31/23

.02

.44

(0

.47)

(0

.03)

(0

.42)

(0

.12)

(0

.54)

.45

5/31/22

.32

.42

(1

.85)

(1

.43)

(0

.43)

(0

.44)

(0

.87)

.02

5/31/21

.50

.31

.96

.27

(0

.36)

(0

.09)

(0

.45)

.32

Premier Class:

11/30/25

(e) 22

.11

.20

.90

.10

—

—

—

.21

5/31/25

.36

.56

.39

.95

(0

.58)

(0

.62)

(1

.20)

.11

5/31/24

.40

.51

.95

.46

(0

.47)

(0

.03)

(0

.50)

.36

5/31/23

.98

.42

(0

.47)

(0

.05)

(0

.41)

(0

.12)

(0

.53)

.40

5/31/22

.26

.47

(1

.90)

(1

.43)

(0

.41)

(0

.44)

(0

.85)

.98

5/31/21

.45

.32

.92

.24

(0

.34)

(0

.09)

(0

.43)

.26

Class R6:

11/30/25

(e) 22

.22

.22

.91

.13

—

—

—

.35

5/31/25

.46

.60

.39

.99

(0

.61)

(0

.62)

(1

.23)

.22

5/31/24

.49

.53

.97

.50

(0

.50)

(0

.03)

(0

.53)

.46

5/31/23

.07

.45

(0

.47)

(0

.02)

(0

.44)

(0

.12)

(0

.56)

.49

5/31/22

.36

.43

(1

.83)

(1

.40)

(0

.45)

(0

.44)

(0

.89)

.07

5/31/21

.53

.35

.94

.29

(0

.37)

(0

.09)

(0

.46)

.36

Retirement Class:

11/30/25

(e) 21

.99

.19

.89

.08

—

—

—

.07

5/31/25

.25

.54

.37

.91

(0

.55)

(0

.62)

(1

.17)

.99

5/31/24

.30

.48

.95

.43

(0

.45)

(0

.03)

(0

.48)

.25

5/31/23

.87

.40

(0

.47)

(0

.07)

(0

.38)

(0

.12)

(0

.50)

.30

5/31/22

.15

.37

(1

.82)

(1

.45)

(0

.39)

(0

.44)

(0

.83)

.87

5/31/21

.36

.30

.90

.20

(0

.32)

(0

.09)

(0

.41)

.15

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the

income of all Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(d) Net

Investment

Income (Loss)

Portfolio

Turnover

Rate

.60

%

$

26,092

.20

%

(f) 0

.12

%

(f) 1

.82

%

(f) 10

%

.37

25,650

.19

.11

.58

.84

20,650

.29

.21

.50

(0

.06)

22,052

.28

.20

.30

(6

.78)

21,746

.29

.21

.92

.20

17,472

.29

.20

.47

.50

140,553

.32

(f) 0

.25

(f) 1

.70

(f) 10

.26

136,156

.33

.25

.57

.83

128,403

.33

.25

.50

(0

.17)

119,308

.33

.25

.20

(6

.79)

123,482

.34

.25

.06

.11

466,892

.34

.25

.55

.59

5,787,669

.17

(f) 0

.10

(f) 1

.85

(f) 10

.42

5,549,727

.18

.10

.72

.98

5,430,992

.18

.10

.62

(0

.01)

4,888,761

.18

.10

.33

(6

.65)

4,582,423

.19

.10

.95

.29

4,263,286

.19

.10

.71

.46

314,508

.42

(f) 0

.35

(f) 1

.60

(f) 10

.13

318,742

.43

.35

.49

.73

371,965

.43

.35

.39

(0

.23)

391,021

.43

.35

.10

(6

.91)

420,997

.44

.35

.71

.99

481,282

.44

.35

.46

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

14.6 Lifecycle Index 2030

Class I:

11/30/25

(e) $

.15

$

.20

$

.43

$

.63

$

—

$

—

$

—

$

.78

5/31/25

.66

.60

.74

.34

(0

.61)

(0

.24)

(0

.85)

.15

5/31/24

.14

.53

.52

.05

(0

.50)

(0

.03)

(0

.53)

.66

5/31/23

.68

.45

(0

.45)

—

(0

.42)

(0

.12)

(0

.54)

.14

5/31/22

.04

.43

(2

.03)

(1

.60)

(0

.45)

(0

.31)

(0

.76)

.68

5/31/21

.38

.31

.80

.11

(0

.37)

(0

.08)

(0

.45)

.04

Premier Class:

11/30/25

(e) 25

.03

.18

.42

.60

—

—

—

.63

5/31/25

.57

.59

.71

.30

(0

.60)

(0

.24)

(0

.84)

.03

5/31/24

.06

.53

.50

.03

(0

.49)

(0

.03)

(0

.52)

.57

5/31/23

.60

.43

(0

.44)

(0

.01)

(0

.41)

(0

.12)

(0

.53)

.06

5/31/22

.96

.50

(2

.12)

(1

.62)

(0

.43)

(0

.31)

(0

.74)

.60

5/31/21

.31

.34

.75

.09

(0

.36)

(0

.08)

(0

.44)

.96

Class R6:

11/30/25

(e) 25

.18

.20

.44

.64

—

—

—

.82

5/31/25

.70

.63

.73

.36

(0

.64)

(0

.24)

(0

.88)

.18

5/31/24

.18

.56

.51

.07

(0

.52)

(0

.03)

(0

.55)

.70

5/31/23

.72

.46

(0

.44)

.02

(0

.44)

(0

.12)

(0

.56)

.18

5/31/22

.08

.45

(2

.03)

(1

.58)

(0

.47)

(0

.31)

(0

.78)

.72

5/31/21

.40

.38

.77

.15

(0

.39)

(0

.08)

(0

.47)

.08

Retirement Class:

11/30/25

(e) 24

.91

.17

.41

.58

—

—

—

.49

5/31/25

.46

.57

.69

.26

(0

.57)

(0

.24)

(0

.81)

.91

5/31/24

.97

.50

.49

.99

(0

.47)

(0

.03)

(0

.50)

.46

5/31/23

.51

.41

(0

.44)

(0

.03)

(0

.39)

(0

.12)

(0

.51)

.97

5/31/22

.85

.39

(2

.01)

(1

.62)

(0

.41)

(0

.31)

(0

.72)

.51

5/31/21

.22

.32

.72

.04

(0

.33)

(0

.08)

(0

.41)

.85

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the

income of all Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(d) Net

Investment

Income (Loss)

Portfolio

Turnover

Rate

.46

%

$

48,110

.19

%

(f) 0

.12

%

(f) 1

.51

%

(f) 10

%

.96

47,719

.18

.11

.44

.57

34,837

.28

.21

.37

.15

33,509

.28

.20

.17

(6

.94)

26,880

.28

.20

.83

.54

23,352

.29

.20

.38

.39

203,204

.32

(f) 0

.25

(f) 1

.38

(f) 10

.83

182,901

.33

.25

.41

.53

161,501

.33

.26

.41

.09

150,728

.33

.25

.09

(7

.00)

150,515

.33

.25

.04

.45

475,693

.34

.25

.54

.48

8,866,431

.17

(f) 0

.10

(f) 1

.53

(f) 10

.01

8,158,760

.18

.10

.56

.66

7,365,843

.18

.11

.50

.24

6,168,804

.18

.10

.22

(6

.86)

5,483,743

.18

.10

.88

.70

4,966,053

.19

.10

.70

.36

453,783

.42

(f) 0

.35

(f) 1

.28

(f) 10

.71

437,478

.43

.35

.33

.39

456,305

.43

.36

.28

(0

.02)

430,522

.43

.35

.97

(7

.07)

445,022

.43

.35

.66

.40

496,871

.44

.35

.45

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

14.7 Lifecycle Index 2035

Class I:

11/30/25

(e) $

.93

$

.18

$

.00

$

.18

$

—

$

—

$

—

$

.11

5/31/25

.00

.61

.12

.73

(0

.63)

(0

.17)

(0

.80)

.93

5/31/24

.78

.55

.19

.74

(0

.52)

—

(0

.52)

.00

5/31/23

.24

.45

(0

.35)

.10

(0

.43)

(0

.13)

(0

.56)

.78

5/31/22

.73

.44

(2

.19)

(1

.75)

(0

.47)

(0

.27)

(0

.74)

.24

5/31/21

.18

.32

.70

.02

(0

.39)

(0

.08)

(0

.47)

.73

Premier Class:

11/30/25

(e) 27

.79

.16

.98

.14

—

—

—

.93

5/31/25

.89

.60

.09

.69

(0

.62)

(0

.17)

(0

.79)

.79

5/31/24

.69

.54

.17

.71

(0

.51)

—

(0

.51)

.89

5/31/23

.14

.43

(0

.33)

.10

(0

.42)

(0

.13)

(0

.55)

.69

5/31/22

.63

.51

(2

.27)

(1

.76)

(0

.46)

(0

.27)

(0

.73)

.14

5/31/21

.11

.36

.61

.97

(0

.37)

(0

.08)

(0

.45)

.63

Class R6:

11/30/25

(e) 27

.97

.18

.01

.19

—

—

—

.16

5/31/25

.06

.65

.09

.74

(0

.66)

(0

.17)

(0

.83)

.97

5/31/24

.83

.58

.19

.77

(0

.54)

—

(0

.54)

.06

5/31/23

.28

.47

(0

.34)

.13

(0

.45)

(0

.13)

(0

.58)

.83

5/31/22

.77

.46

(2

.18)

(1

.72)

(0

.50)

(0

.27)

(0

.77)

.28

5/31/21

.21

.40

.64

.04

(0

.40)

(0

.08)

(0

.48)

.77

Retirement Class:

11/30/25

(e) 27

.66

.14

.97

.11

—

—

—

.77

5/31/25

.77

.58

.07

.65

(0

.59)

(0

.17)

(0

.76)

.66

5/31/24

.59

.52

.14

.66

(0

.48)

—

(0

.48)

.77

5/31/23

.04

.41

(0

.33)

.08

(0

.40)

(0

.13)

(0

.53)

.59

5/31/22

.52

.40

(2

.18)

(1

.78)

(0

.43)

(0

.27)

(0

.70)

.04

5/31/21

.02

.33

.60

.93

(0

.35)

(0

.08)

(0

.43)

.52

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the

income of all Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(d) Net

Investment

Income (Loss)

Portfolio

Turnover

Rate

.39

%

$

40,400

.19

%

(f) 0

.12

%

(f) 1

.19

%

(f) 10

%

.56

38,353

.18

.11

.27

.57

27,533

.28

.21

.26

.56

25,308

.27

.20

.03

(7

.09)

18,143

.28

.20

.72

.03

15,231

.28

.20

.37

.30

249,586

.31

(f) 0

.25

(f) 1

.06

(f) 10

.45

223,982

.32

.25

.23

.49

194,855

.33

.26

.25

.54

169,166

.32

.25

.96

(7

.18)

161,087

.33

.25

.97

.90

470,422

.33

.25

.54

.41

9,901,738

.16

(f) 0

.10

(f) 1

.21

(f) 10

.57

8,972,458

.17

.10

.40

.68

7,806,878

.18

.11

.37

.69

6,172,055

.17

.10

.11

(7

.00)

5,330,114

.18

.10

.81

.12

4,697,189

.18

.10

.70

.24

430,958

.41

(f) 0

.35

(f) 0

.96

(f) 10

.34

414,483

.42

.35

.17

.36

428,608

.43

.36

.14

.43

398,405

.42

.35

.86

(7

.26)

401,495

.43

.35

.58

.81

451,962

.43

.35

.45

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

14.8 Lifecycle Index 2040

Class I:

11/30/25

(e) $

.66

$

.12

$

.76

$

.88

$

—

$

—

$

—

$

.54

5/31/25

.15

.59

.62

.21

(0

.64)

(0

.06)

(0

.70)

.66

5/31/24

.16

.55

.97

.52

(0

.53)

—

(0

.53)

.15

5/31/23

.51

.47

(0

.24)

.23

(0

.45)

(0

.13)

(0

.58)

.16

5/31/22

.16

.47

(2

.32)

(1

.85)

(0

.51)

(0

.29)

(0

.80)

.51

5/31/21

.69

.31

.64

.95

(0

.40)

(0

.08)

(0

.48)

.16

Premier Class:

11/30/25

(e) 30

.48

.10

.74

.84

—

—

—

.32

5/31/25

.02

.59

.56

.15

(0

.63)

(0

.06)

(0

.69)

.48

5/31/24

.05

.56

.93

.49

(0

.52)

—

(0

.52)

.02

5/31/23

.40

.44

(0

.23)

.21

(0

.43)

(0

.13)

(0

.56)

.05

5/31/22

.04

.54

(2

.40)

(1

.86)

(0

.49)

(0

.29)

(0

.78)

.40

5/31/21

.60

.36

.54

.90

(0

.38)

(0

.08)

(0

.46)

.04

Class R6:

11/30/25

(e) 30

.68

.12

.78

.90

—

—

—

.58

5/31/25

.20

.65

.56

.21

(0

.67)

(0

.06)

(0

.73)

.68

5/31/24

.20

.58

.98

.56

(0

.56)

—

(0

.56)

.20

5/31/23

.55

.48

(0

.23)

.25

(0

.47)

(0

.13)

(0

.60)

.20

5/31/22

.19

.48

(2

.30)

(1

.82)

(0

.53)

(0

.29)

(0

.82)

.55

5/31/21

.71

.41

.56

.97

(0

.41)

(0

.08)

(0

.49)

.19

Retirement Class:

11/30/25

(e) 30

.36

.08

.73

.81

—

—

—

.17

5/31/25

.91

.57

.54

.11

(0

.60)

(0

.06)

(0

.66)

.36

5/31/24

.96

.52

.93

.45

(0

.50)

—

(0

.50)

.91

5/31/23

.30

.42

(0

.22)

.20

(0

.41)

(0

.13)

(0

.54)

.96

5/31/22

.93

.42

(2

.30)

(1

.88)

(0

.46)

(0

.29)

(0

.75)

.30

5/31/21

.52

.34

.51

.85

(0

.36)

(0

.08)

(0

.44)

.93

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the

income of all Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(d) Net

Investment

Income (Loss)

Portfolio

Turnover

Rate

.65

%

$

42,255

.18

%

(f) 0

.12

%

(f) 0

.72

%

(f) 8

%

.46

39,039

.17

.11

.00

.90

28,684

.27

.21

.10

.05

24,491

.27

.20

.00

(7

.12)

21,468

.27

.20

.75

.78

16,071

.28

.20

.25

.60

251,661

.31

(f) 0

.25

(f) 0

.60

(f) 8

.28

225,219

.32

.25

.02

.86

200,053

.32

.26

.14

.99

176,064

.32

.25

.88

(7

.18)

172,180

.32

.25

.98

.69

447,061

.33

.25

.50

.71

10,408,335

.16

(f) 0

.10

(f) 0

.75

(f) 8

.44

9,541,207

.17

.10

.19

.02

8,245,416

.17

.11

.23

.15

6,388,981

.17

.10

.03

(7

.00)

5,515,470

.17

.10

.78

.87

4,914,220

.18

.10

.68

.55

423,214

.41

(f) 0

.35

(f) 0

.50

(f) 8

.18

401,481

.42

.35

.96

.72

400,006

.42

.36

.02

.93

374,723

.42

.35

.79

(7

.26)

385,438

.42

.35

.55

.55

435,795

.43

.35

.42

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

14.9 Lifecycle Index 2045

Class I:

11/30/25

(e) $

.37

$

.07

$

.30

$

.37

$

—

$

—

$

—

$

.74

5/31/25

.52

.58

.96

.54

(0

.65)

(0

.04)

(0

.69)

.37

5/31/24

.00

.55

.51

.06

(0

.54)

—

(0

.54)

.52

5/31/23

.33

.46

(0

.23)

.23

(0

.45)

(0

.11)

(0

.56)

.00

5/31/22

.93

.49

(2

.38)

(1

.89)

(0

.53)

(0

.18)

(0

.71)

.33

5/31/21

.65

.32

.39

.71

(0

.39)

(0

.04)

(0

.43)

.93

Premier Class:

11/30/25

(e) 32

.23

.05

.28

.33

—

—

—

.56

5/31/25

.43

.59

.89

.48

(0

.64)

(0

.04)

(0

.68)

.23

5/31/24

.92

.56

.48

.04

(0

.53)

—

(0

.53)

.43

5/31/23

.25

.44

(0

.23)

.21

(0

.43)

(0

.11)

(0

.54)

.92

5/31/22

.83

.62

(2

.51)

(1

.89)

(0

.51)

(0

.18)

(0

.69)

.25

5/31/21

.58

.36

.31

.67

(0

.38)

(0

.04)

(0

.42)

.83

Class R6:

11/30/25

(e) 32

.42

.08

.30

.38

—

—

—

.80

5/31/25

.59

.64

.91

.55

(0

.68)

(0

.04)

(0

.72)

.42

5/31/24

.05

.59

.52

.11

(0

.57)

—

(0

.57)

.59

5/31/23

.39

.48

(0

.24)

.24

(0

.47)

(0

.11)

(0

.58)

.05

5/31/22

.98

.49

(2

.35)

(1

.86)

(0

.55)

(0

.18)

(0

.73)

.39

5/31/21

.68

.41

.34

.75

(0

.41)

(0

.04)

(0

.45)

.98

Retirement Class:

11/30/25

(e) 32

.06

.03

.26

.29

—

—

—

.35

5/31/25

.27

.56

.88

.44

(0

.61)

(0

.04)

(0

.65)

.06

5/31/24

.79

.52

.47

.99

(0

.51)

—

(0

.51)

.27

5/31/23

.12

.42

(0

.23)

.19

(0

.41)

(0

.11)

(0

.52)

.79

5/31/22

.70

.43

(2

.35)

(1

.92)

(0

.48)

(0

.18)

(0

.66)

.12

5/31/21

.49

.34

.26

.60

(0

.35)

(0

.04)

(0

.39)

.70

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the

income of all Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(d) Net

Investment

Income (Loss)

Portfolio

Turnover

Rate

.50

%

$

46,537

.18

%

(f) 0

.12

%

(f) 0

.42

%

(f) 10

%

.04

40,894

.17

.11

.86

.46

27,460

.27

.21

.01

.05

24,082

.27

.20

.90

(7

.04)

18,259

.27

.20

.77

.58

12,840

.28

.20

.29

.43

192,928

.31

(f) 0

.25

(f) 0

.29

(f) 10

.86

166,236

.32

.25

.91

.44

131,291

.32

.25

.06

.99

103,386

.32

.25

.84

(7

.06)

90,924

.32

.25

.17

.48

352,496

.32

.25

.47

.51

9,223,450

.16

(f) 0

.10

(f) 0

.44

(f) 10

.05

8,243,473

.17

.10

.07

.61

6,926,481

.17

.11

.16

.11

5,095,781

.17

.10

.96

(6

.92)

4,224,772

.17

.10

.75

.71

3,640,347

.17

.10

.65

.38

370,842

.41

(f) 0

.35

(f) 0

.19

(f) 10

.77

341,979

.42

.35

.82

.30

334,163

.42

.35

.94

.89

297,992

.42

.35

.76

(7

.18)

308,109

.42

.35

.54

.32

328,342

.42

.35

.40

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

15.01 Lifecycle Index 2050

Class I:

11/30/25

(e) $

.06

$

.05

$

.55

$

.60

$

—

$

—

$

—

$

.66

5/31/25

.06

.59

.09

.68

(0

.66)

(0

.02)

(0

.68)

.06

5/31/24

.32

.54

.78

.32

(0

.55)

(0

.03)

(0

.58)

.06

5/31/23

.64

.48

(0

.26)

.22

(0

.45)

(0

.09)

(0

.54)

.32

5/31/22

.21

.49

(2

.40)

(1

.91)

(0

.54)

(0

.12)

(0

.66)

.64

5/31/21

.72

.33

.58

.91

(0

.39)

(0

.03)

(0

.42)

.21

Premier Class:

11/30/25

(e) 32

.89

.03

.53

.56

—

—

—

.45

5/31/25

.94

.58

.03

.61

(0

.64)

(0

.02)

(0

.66)

.89

5/31/24

.23

.56

.72

.28

(0

.54)

(0

.03)

(0

.57)

.94

5/31/23

.54

.44

(0

.23)

.21

(0

.43)

(0

.09)

(0

.52)

.23

5/31/22

.09

.64

(2

.55)

(1

.91)

(0

.52)

(0

.12)

(0

.64)

.54

5/31/21

.63

.36

.51

.87

(0

.38)

(0

.03)

(0

.41)

.09

Class R6:

11/30/25

(e) 33

.10

.05

.57

.62

—

—

—

.72

5/31/25

.12

.64

.05

.69

(0

.69)

(0

.02)

(0

.71)

.10

5/31/24

.37

.59

.77

.36

(0

.58)

(0

.03)

(0

.61)

.12

5/31/23

.69

.47

(0

.23)

.24

(0

.47)

(0

.09)

(0

.56)

.37

5/31/22

.25

.49

(2

.37)

(1

.88)

(0

.56)

(0

.12)

(0

.68)

.69

5/31/21

.75

.41

.53

.94

(0

.41)

(0

.03)

(0

.44)

.25

Retirement Class:

11/30/25

(e) 32

.71

.01

.51

.52

—

—

—

.23

5/31/25

.77

.55

.02

.57

(0

.61)

(0

.02)

(0

.63)

.71

5/31/24

.09

.52

.70

.22

(0

.51)

(0

.03)

(0

.54)

.77

5/31/23

.41

.42

(0

.25)

.17

(0

.40)

(0

.09)

(0

.49)

.09

5/31/22

.95

.42

(2

.35)

(1

.93)

(0

.49)

(0

.12)

(0

.61)

.41

5/31/21

.54

.34

.45

.79

(0

.35)

(0

.03)

(0

.38)

.95

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the

income of all Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(d) Net

Investment

Income (Loss)

Portfolio

Turnover

Rate

.91

%

$

34,607

.18

%

(f) 0

.12

%

(f) 0

.27

%

(f) 6

%

.29

32,204

.17

.11

.85

.23

22,004

.27

.21

.98

.99

19,403

.27

.20

.96

(7

.04)

14,242

.27

.20

.75

.42

10,851

.27

.20

.30

.86

136,303

.31

(f) 0

.25

(f) 0

.14

(f) 6

.13

118,136

.32

.25

.85

.13

96,700

.32

.26

.03

.96

83,196

.32

.25

.79

(7

.06)

80,318

.32

.25

.20

.36

295,691

.33

.25

.47

.96

8,024,731

.16

(f) 0

.10

(f) 0

.29

(f) 6

.30

7,159,905

.17

.10

.01

.34

5,863,809

.17

.11

.12

.07

4,258,463

.17

.10

.93

(6

.92)

3,473,689

.17

.10

.75

.50

2,948,578

.18

.10

.63

.82

306,665

.41

(f) 0

.35

(f) 0

.04

(f) 6

.04

288,258

.42

.35

.76

.01

282,437

.42

.36

.91

.82

251,668

.42

.35

.74

(7

.15)

271,085

.42

.35

.52

.15

285,738

.43

.35

.41

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

15.1 Lifecycle Index 2055

Class I:

11/30/25

(e) $

.76

$

.03

$

.73

$

.76

$

—

$

—

$

—

$

.52

5/31/25

.30

.46

.54

.00

(0

.53)

(0

.01)

(0

.54)

.76

5/31/24

.42

.42

.92

.34

(0

.44)

(0

.02)

(0

.46)

.30

5/31/23

.66

.36

(0

.18)

.18

(0

.36)

(0

.06)

(0

.42)

.42

5/31/22

.66

.38

(1

.92)

(1

.54)

(0

.43)

(0

.03)

(0

.46)

.66

5/31/21

.57

.29

.13

.42

(0

.31)

(0

.02)

(0

.33)

.66

Premier Class:

11/30/25

(e) 26

.70

.01

.72

.73

—

—

—

.43

5/31/25

.27

.46

.50

.96

(0

.52)

(0

.01)

(0

.53)

.70

5/31/24

.39

.47

.86

.33

(0

.43)

(0

.02)

(0

.45)

.27

5/31/23

.63

.35

(0

.19)

.16

(0

.34)

(0

.06)

(0

.40)

.39

5/31/22

.62

.53

(2

.07)

(1

.54)

(0

.42)

(0

.03)

(0

.45)

.63

5/31/21

.54

.29

.11

.40

(0

.30)

(0

.02)

(0

.32)

.62

Class R6:

11/30/25

(e) 26

.80

.04

.73

.77

—

—

—

.57

5/31/25

.35

.51

.50

.01

(0

.55)

(0

.01)

(0

.56)

.80

5/31/24

.46

.47

.90

.37

(0

.46)

(0

.02)

(0

.48)

.35

5/31/23

.70

.38

(0

.19)

.19

(0

.37)

(0

.06)

(0

.43)

.46

5/31/22

.70

.40

(1

.92)

(1

.52)

(0

.45)

(0

.03)

(0

.48)

.70

5/31/21

.59

.32

.14

.46

(0

.33)

(0

.02)

(0

.35)

.70

Retirement Class:

11/30/25

(e) 26

.61

(0

.00)

(g) 3

.71

.71

—

—

—

.32

5/31/25

.19

.45

.47

.92

(0

.49)

(0

.01)

(0

.50)

.61

5/31/24

.33

.42

.87

.29

(0

.41)

(0

.02)

(0

.43)

.19

5/31/23

.57

.35

(0

.20)

.15

(0

.33)

(0

.06)

(0

.39)

.33

5/31/22

.56

.34

(1

.91)

(1

.57)

(0

.39)

(0

.03)

(0

.42)

.57

5/31/21

.50

.28

.08

.36

(0

.28)

(0

.02)

(0

.30)

.56

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the

income of all Underlying Funds.

(e) Unaudited

(f) Annualized.

(g) Value rounded to zero.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(d) Net

Investment

Income (Loss)

Portfolio

Turnover

Rate

.05

%

$

32,713

.18

%

(f) 0

.12

%

(f) 0

.22

%

(f) 7

%

.37

30,008

.18

.11

.79

.49

19,948

.27

.20

.90

.02

16,680

.27

.20

.85

(7

.00)

12,050

.28

.20

.71

.98

8,251

.28

.20

.46

.97

62,647

.31

(f) 0

.25

(f) 0

.09

(f) 7

.22

54,408

.32

.25

.81

.47

41,614

.33

.26

.11

.95

37,212

.33

.25

.78

(7

.02)

33,219

.33

.25

.28

.91

142,662

.33

.25

.45

.07

5,220,730

.16

(f) 0

.10

(f) 0

.24

(f) 7

.41

4,510,607

.17

.10

.99

.61

3,521,489

.18

.11

.11

.10

2,428,738

.18

.10

.92

(6

.91)

1,822,272

.18

.10

.75

.14

1,478,111

.18

.10

.61

.94

183,300

.41

(f) 0

.35

(f) (0

.01)

(f) 7

.10

173,636

.42

.35

.76

.32

165,330

.43

.36

.89

.85

135,316

.43

.35

.76

(7

.13)

149,174

.43

.35

.52

.76

149,564

.43

.35

.44

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

15.2 Lifecycle Index 2060

Class I:

11/30/25

(e) $

.80

$

.02

$

.93

$

.95

$

—

$

—

$

—

$

.75

5/31/25

.87

.36

.98

.34

(0

.41)

(0

.00)

(g) (0

.41)

.80

5/31/24

.81

.33

.09

.42

(0

.34)

(0

.02)

(0

.36)

.87

5/31/23

.98

.29

(0

.15)

.14

(0

.27)

(0

.04)

(0

.31)

.81

5/31/22

.51

.29

(1

.48)

(1

.19)

(0

.33)

(0

.01)

(0

.34)

.98

5/31/21

.75

.20

.81

.01

(0

.24)

(0

.01)

(0

.25)

.51

Premier Class:

11/30/25

(e) 20

.75

.01

.91

.92

—

—

—

.67

5/31/25

.84

.35

.96

.31

(0

.40)

(0

.00)

(g) (0

.40)

.75

5/31/24

.79

.34

.06

.40

(0

.33)

(0

.02)

(0

.35)

.84

5/31/23

.96

.27

(0

.13)

.14

(0

.27)

(0

.04)

(0

.31)

.79

5/31/22

.48

.40

(1

.59)

(1

.19)

(0

.32)

(0

.01)

(0

.33)

.96

5/31/21

.73

.22

.77

.99

(0

.23)

(0

.01)

(0

.24)

.48

Class R6:

11/30/25

(e) 20

.81

.02

.94

.96

—

—

—

.77

5/31/25

.89

.39

.95

.34

(0

.42)

(0

.00)

(g) (0

.42)

.81

5/31/24

.83

.36

.08

.44

(0

.36)

(0

.02)

(0

.38)

.89

5/31/23

.99

.29

(0

.12)

.17

(0

.29)

(0

.04)

(0

.33)

.83

5/31/22

.52

.30

(1

.47)

(1

.17)

(0

.35)

(0

.01)

(0

.36)

.99

5/31/21

.75

.25

.78

.03

(0

.25)

(0

.01)

(0

.26)

.52

Retirement Class:

11/30/25

(e) 20

.69

(0

.01)

.92

.91

—

—

—

.60

5/31/25

.79

.35

.93

.28

(0

.38)

(0

.00)

(g) (0

.38)

.69

5/31/24

.75

.32

.06

.38

(0

.32)

(0

.02)

(0

.34)

.79

5/31/23

.92

.27

(0

.15)

.12

(0

.25)

(0

.04)

(0

.29)

.75

5/31/22

.44

.26

(1

.46)

(1

.20)

(0

.31)

(0

.01)

(0

.32)

.92

5/31/21

.70

.22

.75

.97

(0

.22)

(0

.01)

(0

.23)

.44

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the

income of all Underlying Funds.

(e) Unaudited

(f) Annualized.

(g) Value rounded to zero.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(d) Net

Investment

Income (Loss)

Portfolio

Turnover

Rate

.18

%

$

21,626

.19

%

(f) 0

.12

%

(f) 0

.17

%

(f) 6

%

.44

19,422

.18

.11

.80

.83

13,382

.28

.21

.94

.05

10,940

.28

.20

.89

(7

.01)

9,092

.29

.20

.69

.51

5,527

.30

.20

.31

.07

44,608

.31

(f) 0

.25

(f) 0

.04

(f) 6

.32

37,517

.32

.25

.76

.74

25,989

.33

.26

.99

.99

21,158

.34

.25

.76

(7

.01)

15,601

.34

.25

.23

.44

40,943

.35

.25

.42

.22

3,157,242

.17

(f) 0

.10

(f) 0

.19

(f) 6

.48

2,636,944

.18

.10

.97

.91

1,951,599

.18

.11

.09

.20

1,257,068

.19

.10

.92

(6

.93)

828,871

.19

.10

.75

.68

600,348

.21

.10

.59

.06

109,336

.41

(f) 0

.35

(f) (0

.06)

(f) 6

.18

96,266

.42

.35

.74

.62

87,137

.43

.36

.89

.90

63,746

.44

.35

.79

(7

.11)

67,009

.44

.35

.50

.33

55,903

.45

.35

.43

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

15.3 Lifecycle Index 2065

Class I:

11/30/25

(e) $

.74

$

.01

$

.10

$

.11

$

—

$

—

$

—

$

.85

5/31/25

.36

.23

.44

.67

(0

.29)

—

(0

.29)

.74

5/31/24

.17

.25

.19

.44

(0

.24)

(0

.01)

(0

.25)

.36

5/31/23

.27

.12

.00

(g) 0

.12

(0

.20)

(0

.02)

(0

.22)

.17

5/31/22

.46

.22

(1

.04)

(0

.82)

(0

.36)

(0

.01)

(0

.37)

.27

5/31/21

(h) 10

.00

.16

.48

.64

(0

.18)

—

(0

.18)

.46

Premier Class:

11/30/25

(e) 14

.71

.00

(g) 2

.10

.10

—

—

—

.81

5/31/25

.35

.23

.41

.64

(0

.28)

—

(0

.28)

.71

5/31/24

.16

.30

.14

.44

(0

.24)

(0

.01)

(0

.25)

.35

5/31/23

.26

.19

(0

.08)

.11

(0

.19)

(0

.02)

(0

.21)

.16

5/31/22

.46

.18

(1

.01)

(0

.83)

(0

.36)

(0

.01)

(0

.37)

.26

5/31/21

(h) 10

.00

.16

.48

.64

(0

.18)

—

(0

.18)

.46

Class R6:

11/30/25

(e) 14

.92

.01

.13

.14

—

—

—

.06

5/31/25

.53

.28

.41

.69

(0

.30)

—

(0

.30)

.92

5/31/24

.31

.26

.22

.48

(0

.25)

(0

.01)

(0

.26)

.53

5/31/23

.40

.21

(0

.08)

.13

(0

.20)

(0

.02)

(0

.22)

.31

5/31/22

.45

.21

(1

.02)

(0

.81)

(0

.23)

(0

.01)

(0

.24)

.40

5/31/21

(h) 10

.00

.15

.48

.63

(0

.18)

—

(0

.18)

.45

Retirement Class:

11/30/25

(e) 14

.72

(0

.01)

.10

.09

—

—

—

.81

5/31/25

.36

.24

.39

.63

(0

.27)

—

(0

.27)

.72

5/31/24

.17

.23

.20

.43

(0

.23)

(0

.01)

(0

.24)

.36

5/31/23

.27

.17

(0

.07)

.10

(0

.18)

(0

.02)

(0

.20)

.17

5/31/22

.44

.17

(1

.04)

(0

.87)

(0

.29)

(0

.01)

(0

.30)

.27

5/31/21

(h) 10

.00

.15

.46

.61

(0

.17)

—

(0

.17)

.44

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the

income of all Underlying Funds.

(e) Unaudited

(f) Annualized.

(g) Value rounded to zero.

(h) The Fund commenced operations on September 30, 2020.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(d) Net

Investment

Income (Loss)

Portfolio

Turnover

Rate

.31

%

$

8,315

.18

%

(f) 0

.10

%

(f) 0

.15

%

(f) 6

%

.54

6,481

.22

.11

.65

.08

3,787

.35

.19

.01

.22

2,377

.45

.18

.11

(6

.83)

716

.83

.13

.81

.48

626

.26

(f) 0

.25

(f) 2

.16

(f) 36

.28

6,484

.33

(f) 0

.25

(f) 0

.00

(f) 6

.35

4,709

.37

.25

.67

.03

2,811

.41

.26

.49

.11

1,229

.53

.25

.75

(6

.90)

808

.97

.25

.49

.48

637

.41

(f) 0

.25

(f) 2

.14

(f) 36

.34

791,813

.18

(f) 0

.10

(f) 0

.15

(f) 6

.54

586,753

.22

.10

.94

.12

322,206

.26

.11

.10

.29

119,873

.38

.10

.90

(6

.70)

44,526

.82

.11

.76

.45

7,131

.91

(f) 0

.10

(f) 2

.02

(f) 36

.20

20,227

.44

(f) 0

.35

(f) (0

.10)

(f) 6

.25

15,305

.47

.35

.71

.93

10,219

.51

.36

.90

.03

4,689

.63

.35

.62

(7

.26)

1,740

.08

.36

.42

.35

693

.54

(f) 0

.35

(f) 2

.00

(f) 36

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

15.4 Lifecycle Index 2070

Class I:

11/30/25

(e)(f) $

.00

$

(0

.00)

(g) $

.21

$

.21

$

—

$

—

$

—

$

.21

Premier Class:

11/30/25

(e)(f) 10

.00

(0

.00)

(g) 0

.21

.21

—

—

—

.21

Class R6:

11/30/25

(e)(f) 10

.00

.00

(g) 0

.21

.21

—

—

—

.21

Retirement Class:

11/30/25

(e)(f) 10

.00

(0

.00)

(g) 0

.20

.20

—

—

—

.20

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are not annualized.

(d) The Fund's ratios exclude the expenses of Underlying Funds that are exchange-traded funds, include the expenses of all other Underlying Funds, and exclude the

income of all Underlying Funds.

(e) Unaudited

(f) The Fund commenced operations on September 30, 2025.

(g) Value rounded to zero.

(h) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(d) Net

Investment

Income (Loss)

Portfolio

Turnover

Rate

.10

%

$

510

.42

%

(h) 0

.25

%

(h) (0

.09)

%

(h) 2

%

.10

510

.57

(h) 0

.25

(h) (0

.09)

(h) 2

.10

3,573

.04

(h) 0

.10

(h) 0

.06

(h) 2

.00

510

.68

(h) 0

.35

(h) (0

.19)

(h) 2

Notes to Financial Statements

1. General Information

Trust and Fund Information:

TIAA-CREF Funds (the "Trust") is an open-end management investment company registered under the

Investment Company Act of 1940 ("1940 Act"), as amended. The Trust is comprised of the following (collectively the "Funds" or

individually, the "Fund"), among others:

Current Fiscal Period:

The end of the reporting period for the Funds is November 30, 2025, and the period covered by these Notes to

Financial Statements is the six months ended November 30, 2025, while the reporting period for Lifecycle Index 2070 is the period

September 30, 2025 (commencement of operations) through November 30, 2025 (the "current fiscal period").

Investment Adviser:

Teachers Advisors, LLC (the "Adviser"), a wholly owned indirect subsidiary of Teachers Insurance and Annuity

Association of America ("TIAA"), is registered with the Securities and Exchange Commission ("SEC") as an investment adviser and

provides investment management services for the Funds.

Share Classes and Sales Charges:

Each Fund is a "fund of funds" that diversifies its assets by investing in Class W of other Nuveen

mutual funds and potentially other investment pools or investment products including other funds or exchange-traded funds ("ETFs")

advised by the Adviser or its affiliates. The Funds offer Class I, Premier Class, Class R6 and Retirement Class shares. Each class

differs by the allocation of class-specific expenses and voting rights in matters affecting a single class. The Funds offer their shares,

without a sales load, through their principal underwriter, Nuveen Securities, LLC ("Nuveen Securities"), which is a wholly owned

indirect subsidiary of TIAA.

2. Significant Accounting Policies

The accompanying financial statements were prepared in accordance with accounting principles generally accepted in the United

States of America ("U.S. GAAP"), which may require the use of estimates made by management and the evaluation of subsequent

events. Actual results may differ from those estimates. The Funds are investment companies and follow the accounting guidance

in the Financial Accounting Standards Board ("FASB") Accounting Standards Codification 946, Financial Services — Investment

Companies. The net asset value ("NAV") for financial reporting purposes may differ from the NAV for processing security and common

share transactions. The NAV for financial reporting purposes includes security and common share transactions through the date of

the report. Total return is computed based on the NAV used for processing security and common share transactions. The following is

a summary of the significant accounting policies consistently followed by the Funds.

Compensation:

The Funds pay the members of the Board of Trustees ("Board") all of whom are independent, certain remuneration

for their services, plus travel and other expenses. The Board has adopted a deferred compensation plan for independent trustees

that enables trustees to elect to defer receipt of all or a portion of the annual compensation they are entitled to receive from

certain Nuveen-advised funds. Under the plan, deferred amounts are treated as though equal dollar amounts had been invested in

shares of select Nuveen-advised funds. Amounts deferred are retained by the Funds until paid. Amounts payable to the trustees for

compensation are included separately in the accompanying Statement of Assets and Liabilities. Trustees' fees, including any deferred

compensation incurred, are reflected in the Statement of Operations.

Distributions to Shareholders:

Distributions to shareholders are recorded on the ex-dividend date. The amount, character and timing of

distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP.

Indemnifications:

Under the Trust's organizational documents, its officers and trustees are indemnified against certain liabilities

arising out of the performance of their duties to the Trust. In addition, in the normal course of business, the Trust enters into

contracts that provide general indemnifications to other parties. The Trust's maximum exposure under these arrangements is

unknown as this would involve future claims that may be made against the Trust that have not yet occurred. However, the Trust has

not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Fund Name

Short Name

Nuveen Lifecycle Index Retirement Income Fund

Lifecycle Index Retirement Income

Nuveen Lifecycle Index 2010 Fund

Lifecycle Index 2010

Nuveen Lifecycle Index 2015 Fund

Lifecycle Index 2015

Nuveen Lifecycle Index 2020 Fund

Lifecycle Index 2020

Nuveen Lifecycle Index 2025 Fund

Lifecycle Index 2025

Nuveen Lifecycle Index 2030 Fund

Lifecycle Index 2030

Nuveen Lifecycle Index 2035 Fund

Lifecycle Index 2035

Nuveen Lifecycle Index 2040 Fund

Lifecycle Index 2040

Nuveen Lifecycle Index 2045 Fund

Lifecycle Index 2045

Nuveen Lifecycle Index 2050 Fund

Lifecycle Index 2050

Nuveen Lifecycle Index 2055 Fund

Lifecycle Index 2055

Nuveen Lifecycle Index 2060 Fund

Lifecycle Index 2060

Nuveen Lifecycle Index 2065 Fund

Lifecycle Index 2065

Nuveen Lifecycle Index 2070 Fund

Lifecycle Index 2070

Investments and Investment Income:

Securities transactions are accounted for as of the trade date for financial reporting purposes.

Interest income is recorded on an accrual basis and includes accretion of discounts and amortization of premiums. Dividend income

is recorded on the ex-dividend date. Realized gains and losses on securities transactions are based upon the specific identification

method. Distributions received on securities that represent a return of capital or capital gains are recorded as a reduction of cost of

investments and/or as a realized gain. The Funds estimate the components of distributions received that may be considered return

of capital distributions or capital gain distributions.

Multiclass Operations and Allocations:

Income, expenses, realized gains and losses and unrealized appreciation and depreciation of

a Fund are allocated on a pro rata basis to each class of shares, except for service agreement fees, distribution fees and transfer

agency fees and expenses, which are unique to each class of shares. Most expenses of the Trust can be directly attributed to a

Fund. Expenses that cannot be directly attributed are allocated to each Fund in the Trust based upon the average net assets of each

Fund.

Netting Agreements:

In the ordinary course of business, the Funds may enter into transactions subject to enforceable master

repurchase agreements, International Swaps and Derivatives Association, Inc. (ISDA) master agreements or other similar

arrangements ("netting agreements"). Generally, the right to offset in netting agreements allows each Fund to offset certain

securities and derivatives with a specific counterparty, when applicable, as well as any collateral received or delivered to that

counterparty based on the terms of the agreements. Generally, each Fund manages its cash collateral and securities collateral on a

counterparty basis. With respect to certain counterparties, in accordance with the terms of the netting agreements, collateral posted

to the Funds is held in a segregated account by the Funds' custodian and/or with respect to those amounts which can be sold or

repledged, are presented in the Funds' Portfolio of Investments or Statement of Assets and Liabilities.

The Funds' investments subject to netting agreements as of the end of the current fiscal period, if any, are further described later in

these Notes to Financial Statements.

Segment

Reporting

:

Each Fund represents a single operating segment. The officers of the Funds act as the chief operating decision

maker ("CODM"). The CODM monitors the operating results of each Fund as a whole and is responsible for each Fund's long-term

strategic asset allocation in accordance with the terms of its prospectus, based on a defined investment strategy which is executed

by the Fund's portfolio managers as a team. The financial information in the form of the Fund's portfolio composition, total returns,

expense ratios and changes in net assets (i.e., changes in net assets resulting from operations, subscriptions and redemptions),

which are used by the CODM to assess the segment's performance versus the Fund's comparative benchmarks and to make

resource allocation decisions for the Fund's single segment, is consistent with that presented within the Fund's financial statements.

Segment assets are reflected on the Statement of Assets and Liabilities as "total assets" and significant segment revenues and

expenses are listed on the Statement of Operations.

New Accounting Pronouncement:

In December 2023, the FASB issued Accounting Standard Update ("ASU") No. 2023-09, Income

Taxes (Topic 740) Improvements to Income tax disclosures ("ASU 2023-09"). The primary purpose of the amendments within ASU

2023-09 is to enhance the transparency and decision usefulness of income tax disclosures primarily related to the rate reconciliation

table and income taxes paid information. The amendments in ASU 2023-09 are effective for annual periods beginning after

December 15, 2024. Management is currently evaluating the implications of these changes on the financial statements.

3. Investment Valuation and Fair Value Measurements

The Funds' investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the

Adviser, subject to the oversight of the Board. Fair value is defined as the price that would be received upon selling an investment

or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the

investment. U.S. GAAP establishes the three-tier hierarchy that is used to maximize the use of observable market data and minimize

the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable

inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market

data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about the

assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information

available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest

rates, credit spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the

fair value of investments).

A description of the valuation techniques applied to the Funds' major classifications of assets and liabilities measured at fair value

follows:

Notes to Financial Statements

(continued)

Exchange-traded funds listed or traded on a national market or exchange are valued based on their last reported sales price or

official closing price of such market or exchange on the valuation date. To the extent these securities are actively traded and no

valuation adjustments are applied, they are generally classified as Level 1.

Investments in investment companies are valued at their respective NAVs or share price on the valuation date and are generally

classified as Level 1.

Repurchase agreements are valued at contract amount plus accrued interest, which approximates market value. These securities are

generally classified as Level 2.

The following table summarizes the market value of the Funds' investments as of the end of the current fiscal period, based on the

inputs used to value them:

Fund

Level 1

Level 2

Level 3

Total

Lifecycle Index Retirement Income

Affiliated investment companies

$843,246,026

$—

$—

$843,246,026

Short-term investments

—

390,000

—

390,000

Total

$843,246,026

$390,000

$—

$843,636,026

Lifecycle Index 2010

Affiliated investment companies

$659,288,220

$—

$—

$659,288,220

Short-term investments

—

1,530,000

—

1,530,000

Total

$659,288,220

$1,530,000

$—

$660,818,220

Lifecycle Index 2015

Affiliated investment companies

$1,008,267,719

$—

$—

$1,008,267,719

Short-term investments

—

1,860,000

—

1,860,000

Total

$1,008,267,719

$1,860,000

$—

$1,010,127,719

Lifecycle Index 2020

Affiliated investment companies

$3,023,196,586

$—

$—

$3,023,196,586

Short-term investments

—

4,980,000

—

4,980,000

Total

$3,023,196,586

$4,980,000

$—

$3,028,176,586

Lifecycle Index 2025

Affiliated investment companies

$6,255,408,353

$—

$—

$6,255,408,353

Short-term investments

—

10,780,000

—

10,780,000

Total

$6,255,408,353

$10,780,000

$—

$6,266,188,353

Lifecycle Index 2030

Affiliated investment companies

$9,546,506,552

$—

$—

$9,546,506,552

Short-term investments

—

13,560,000

—

13,560,000

Total

$9,546,506,552

$13,560,000

$—

$9,560,066,552

Lifecycle Index 2035

Affiliated investment companies

$10,593,505,786

$—

$—

$10,593,505,786

Short-term investments

—

20,930,000

—

20,930,000

Total

$10,593,505,786

$20,930,000

$—

$10,614,435,786

Lifecycle Index 2040

Affiliated investment companies

$11,097,696,256

$—

$—

$11,097,696,256

Short-term investments

—

22,950,000

—

22,950,000

Total

$11,097,696,256

$22,950,000

$—

$11,120,646,256

Lifecycle Index 2045

Affiliated investment companies

$9,803,016,042

$—

$—

$9,803,016,042

Short-term investments

—

20,350,000

—

20,350,000

Total

$9,803,016,042

$20,350,000

$—

$9,823,366,042

Lifecycle Index 2050

Affiliated investment companies

$8,480,694,684

$—

$—

$8,480,694,684

Short-term investments

—

17,110,000

—

17,110,000

Total

$8,480,694,684

$17,110,000

$—

$8,497,804,684

Lifecycle Index 2055

Affiliated investment companies

$5,481,516,000

$—

$—

$5,481,516,000

Short-term investments

—

12,120,000

—

12,120,000

Total

$5,481,516,000

$12,120,000

$—

$5,493,636,000

Lifecycle Index 2060

Affiliated investment companies

$3,323,038,552

$—

$—

$3,323,038,552

Short-term investments

—

10,050,000

—

10,050,000

Total

$3,323,038,552

$10,050,000

$—

$3,333,088,552

4. Portfolio Securities

Repurchase Agreements:

In connection with transactions in repurchase agreements, it is the Fund's policy that its custodian take

possession of the underlying collateral securities, the fair value of which exceeds the principal amount of the repurchase transaction,

including accrued interest, at all times. If the counterparty defaults, and the fair value of the collateral declines, realization of the

collateral may be delayed or limited.

The following table presents the repurchase agreements for the Funds that are subject to netting agreements as of the end of

the current fiscal period, and the collateral delivered related to those repurchase agreements.

Purchases and Sales:

Long-term purchases and sales during the current fiscal period were as follows:

l

5. Derivative Investments

Each Fund is authorized to invest in certain derivative instruments. As defined by U.S. GAAP, a derivative is a financial instrument

whose value is derived from an underlying security price, foreign exchange rate, interest rate, index of prices or rates, or other

variables. Investments in derivatives as of the end of and/or during the current fiscal period, if any, are included within the Statement

of Assets and Liabilities and the Statement of Operations, respectively.

Fund

Level 1

Level 2

Level 3

Total

Lifecycle Index 2065

Affiliated investment companies

$823,288,491

$—

$—

$823,288,491

Short-term investments

—

2,650,000

—

2,650,000

Total

$823,288,491

$2,650,000

$—

$825,938,491

Lifecycle Index 2070

Affiliated investment companies

$5,038,059

$—

$—

$5,038,059

Total

$5,038,059

$—

$—

$5,038,059

Fund

Counterparty

Short-term Investments,

at Value

Collateral Pledged

(From) Counterparty

Lifecycle Index Retirement Income

Fixed Income Clearing Corporation

$

390,000

$

(397,998)

Lifecycle Index 2010

Fixed Income Clearing Corporation

1,530,000

(1,560,648)

Lifecycle Index 2015

Fixed Income Clearing Corporation

1,860,000

(1,897,369)

Lifecycle Index 2020

Fixed Income Clearing Corporation

4,980,000

(5,079,741)

Lifecycle Index 2025

Fixed Income Clearing Corporation

10,780,000

(10,995,726)

Lifecycle Index 2030

Fixed Income Clearing Corporation

13,560,000

(13,831,271)

Lifecycle Index 2035

Fixed Income Clearing Corporation

20,930,000

(21,348,610)

Lifecycle Index 2040

Fixed Income Clearing Corporation

22,950,000

(23,409,121)

Lifecycle Index 2045

Fixed Income Clearing Corporation

20,350,000

(20,757,010)

Lifecycle Index 2050

Fixed Income Clearing Corporation

17,110,000

(17,452,285)

Lifecycle Index 2055

Fixed Income Clearing Corporation

12,120,000

(12,362,432)

Lifecycle Index 2060

Fixed Income Clearing Corporation

10,050,000

(10,251,096)

Lifecycle Index 2065

Fixed Income Clearing Corporation

2,650,000

(2,703,074)

Fund

Non-U.S. Government

Purchases

Non-U.S. Government

Sales

14.1 Lifecycle Index Retirement Income

$

155,376,675

$

138,088,773

14.2 Lifecycle Index 2010

92,443,102

133,121,673

14.3 Lifecycle Index 2015

127,389,740

191,935,228

14.4 Lifecycle Index 2020

339,291,520

560,409,640

14.5 Lifecycle Index 2025

643,291,014

927,727,086

14.6 Lifecycle Index 2030

973,106,397

1,093,700,492

14.7 Lifecycle Index 2035

998,001,918

1,077,840,905

14.8 Lifecycle Index 2040

853,782,848

1,197,064,211

14.9 Lifecycle Index 2045

661,020,166

806,542,559

15.01 Lifecycle Index 2050

500,778,784

655,043,141

15.1 Lifecycle Index 2055

411,559,589

362,828,494

15.2 Lifecycle Index 2060

316,386,652

180,948,857

15.3 Lifecycle Index 2065

161,562,748

43,768,044

15.4 Lifecycle Index 2070

5,026,289

92,138

Notes to Financial Statements

(continued)

Market and Counterparty Credit Risk:

In the normal course of business each Fund may invest in financial instruments and enter into

financial transactions where risk of potential loss exists due to changes in the market (market risk) or failure of the other party to the

transaction to perform (counterparty credit risk). The potential loss could exceed the value of the financial assets recorded on the

financial statements. Financial assets, which potentially expose each Fund to counterparty credit risk, consist principally of cash due

from counterparties on forward, option and swap transactions, when applicable. The extent of each Fund's exposure to counterparty

credit risk in respect to these financial assets approximates their carrying value as recorded on the Statement of Assets and

Liabilities.

Each Fund helps manage counterparty credit risk by entering into agreements only with counterparties the Adviser believes have

the financial resources to honor their obligations and by having the Adviser monitor the financial stability of the counterparties.

Additionally, counterparties may be required to pledge collateral daily (based on the daily valuation of the financial asset) on behalf

of each Fund with a value approximately equal to the amount of any unrealized gain above a pre-determined threshold. Reciprocally,

when each Fund has an unrealized loss, the Funds have instructed the custodian to pledge assets of the Funds as collateral with a

value approximately equal to the amount of the unrealized loss above a pre-determined threshold. Collateral pledges are monitored

and subsequently adjusted if and when the valuations fluctuate, either up or down, by at least the pre-determined threshold amount.

6. Fund Shares

Transactions in Fund shares during the current and prior fiscal period were as follows:

Six Months Ended

11/30/25

Year Ended

5/31/25

14.1 Lifecycle Index Retirement Income

Shares

Value

Shares

Value

Subscriptions:

Class I

6,030

$

104,688

220,538

$

3,585,353

Premier Class

14,569

250,441

69,127

1,129,152

Class R6

8,502,262

146,137,617

16,897,213

275,818,128

Retirement Class

398,409

6,851,564

643,665

10,488,519

Total subscriptions

8,921,270

153,344,310

17,830,543

291,021,152

Reinvestments of distributions:

Class I

1,397

23,830

7,179

116,654

Premier Class

900

15,372

4,313

70,047

Class R6

453,281

7,743,884

1,869,629

30,392,415

Retirement Class

23,251

396,531

109,573

1,777,356

Total reinvestments of distributions

478,829

8,179,617

1,990,694

32,356,472

Redemptions:

Class I

(30,648)

(517,314)

(238,280)

(3,904,264)

Premier Class

(18,586)

(320,505)

(72,409)

(1,176,408)

Class R6

(8,100,988)

(140,023,533)

(16,115,324)

(264,168,974)

Retirement Class

(303,873)

(5,236,931)

(649,988)

(10,612,868)

Total redemptions

(8,454,095)

(146,098,283)

(17,076,001)

(279,862,514)

Net increase (decrease) from shareholder transactions

946,004

$

15,425,644

2,745,236

$

43,515,110

Six Months Ended

11/30/25

Year Ended

5/31/25

14.2 Lifecycle Index 2010

Shares

Value

Shares

Value

Subscriptions:

Class I

1,852

$

32,609

18,749

$

310,838

Premier Class

20,163

354,629

145,046

2,407,916

Class R6

2,695,645

47,385,637

8,021,458

134,888,648

Retirement Class

221,448

3,901,877

843,382

13,988,519

Total subscriptions

2,939,108

51,674,752

9,028,635

151,595,921

Reinvestments of distributions:

Class I

–

–

3,825

63,151

Premier Class

–

–

62,196

1,022,499

Class R6

–

–

2,082,839

34,366,842

Retirement Class

–

–

193,788

3,166,503

Total reinvestments of distributions

–

–

2,342,648

38,618,995

Redemptions:

Class I

(11,332)

(201,430)

(19,088)

(328,434)

Premier Class

(70,668)

(1,249,566)

(149,632)

(2,545,267)

Class R6

(5,150,283)

(90,985,098)

(8,648,583)

(145,828,899)

Retirement Class

(389,631)

(6,767,513)

(1,483,425)

(24,424,196)

Total redemptions

(5,621,914)

(99,203,607)

(10,300,728)

(173,126,796)

Net increase (decrease) from shareholder transactions

(2,682,806)

$

(47,528,855)

1,070,555

$

17,088,120

Six Months Ended

11/30/25

Year Ended

5/31/25

14.3 Lifecycle Index 2015

Shares

Value

Shares

Value

Subscriptions:

Class I

60,277

$

1,093,658

40,292

$

697,035

Premier Class

43,448

801,767

144,223

2,536,874

Class R6

3,083,900

57,584,201

8,682,290

153,507,277

Retirement Class

355,474

6,631,408

909,299

15,935,796

Total subscriptions

3,543,099

66,111,034

9,776,104

172,676,982

Reinvestments of distributions:

Class I

–

–

5,141

88,784

Premier Class

–

–

110,301

1,894,963

Class R6

–

–

3,803,654

65,651,062

Retirement Class

–

–

326,814

5,598,328

Total reinvestments of distributions

–

–

4,245,910

73,233,137

Redemptions:

Class I

(55,216)

(1,002,859)

(15,116)

(272,800)

Premier Class

(121,975)

(2,258,859)

(322,196)

(5,729,687)

Class R6

(6,660,497)

(123,910,052)

(14,650,868)

(259,821,015)

Retirement Class

(710,455)

(13,096,990)

(2,044,699)

(35,759,880)

Total redemptions

(7,548,143)

(140,268,760)

(17,032,879)

(301,583,382)

Net increase (decrease) from shareholder transactions

(4,005,044)

$

(74,157,726)

(3,010,865)

$

(55,673,263)

Six Months Ended

11/30/25

Year Ended

5/31/25

14.4 Lifecycle Index 2020

Shares

Value

Shares

Value

Subscriptions:

Class I

53,980

$

1,127,658

227,497

$

4,328,145

Premier Class

146,192

3,027,922

399,756

7,745,730

Class R6

8,541,757

176,081,005

22,751,892

443,198,611

Retirement Class

371,995

7,647,328

1,218,082

23,426,897

Total subscriptions

9,113,924

187,883,913

24,597,227

478,699,383

Reinvestments of distributions:

Class I

–

–

26,018

498,251

Premier Class

–

–

213,714

4,075,518

Class R6

–

–

8,932,157

171,229,458

Retirement Class

–

–

618,654

11,760,622

Total reinvestments of distributions

–

–

9,790,543

187,563,849

Redemptions:

Class I

(27,425)

(574,362)

(166,152)

(3,243,832)

Premier Class

(256,570)

(5,275,415)

(654,158)

(12,777,145)

Class R6

(18,877,214)

(391,214,210)

(37,054,241)

(722,834,023)

Retirement Class

(1,694,483)

(34,620,552)

(3,503,767)

(67,640,302)

Total redemptions

(20,855,692)

(431,684,539)

(41,378,318)

(806,495,302)

Net increase (decrease) from shareholder transactions

(11,741,768)

$

(243,800,626)

(6,990,548)

$

(140,232,070)

Six Months Ended

11/30/25

Year Ended

5/31/25

14.5 Lifecycle Index 2025

Shares

Value

Shares

Value

Subscriptions:

Class I

130,583

$

3,060,494

428,704

$

9,313,380

Premier Class

248,392

5,780,513

846,651

18,513,578

Class R6

18,761,812

441,153,163

47,238,687

1,039,044,473

Retirement Class

799,153

18,746,154

1,921,603

41,655,332

Total subscriptions

19,939,940

468,740,324

50,435,645

1,108,526,763

Reinvestments of distributions:

Class I

–

–

46,238

1,003,354

Premier Class

–

–

267,499

5,791,343

Class R6

–

–

13,067,963

284,228,191

Retirement Class

–

–

859,075

18,513,073

Total reinvestments of distributions

–

–

14,240,775

309,535,961

Redemptions:

Class I

(213,658)

(5,054,491)

(283,271)

(6,248,579)

Premier Class

(602,588)

(14,225,260)

(966,666)

(21,202,485)

Class R6

(30,892,846)

(729,512,728)

(63,595,278)

(1,396,647,583)

Retirement Class

(2,229,483)

(52,194,594)

(5,791,567)

(126,060,268)

Total redemptions

(33,938,575)

(800,987,073)

(70,636,782)

(1,550,158,915)

Net increase (decrease) from shareholder transactions

(13,998,635)

$

(332,246,749)

(5,960,362)

$

(132,096,191)

Notes to Financial Statements

(continued)

Six Months Ended

11/30/25

Year Ended

5/31/25

14.6 Lifecycle Index 2030

Shares

Value

Shares

Value

Subscriptions:

Class I

98,359

$

2,652,218

593,893

$

14,520,135

Premier Class

389,165

10,313,097

1,070,246

26,132,156

Class R6

28,072,948

751,896,409

63,756,006

1,568,016,210

Retirement Class

1,403,659

37,235,898

3,207,456

78,018,987

Total subscriptions

29,964,131

802,097,622

68,627,601

1,686,687,488

Reinvestments of distributions:

Class I

–

–

48,034

1,182,128

Premier Class

–

–

206,894

5,073,034

Class R6

–

–

10,494,319

258,684,972

Retirement Class

–

–

609,807

14,885,398

Total reinvestments of distributions

–

–

11,359,054

279,825,532

Redemptions:

Class I

(264,176)

(7,187,691)

(217,139)

(5,345,452)

Premier Class

(342,986)

(9,140,618)

(822,496)

(20,140,836)

Class R6

(33,388,209)

(899,014,105)

(61,001,007)

(1,497,705,496)

Retirement Class

(2,457,251)

(65,505,788)

(5,708,458)

(139,072,958)

Total redemptions

(36,452,622)

(980,848,202)

(67,749,100)

(1,662,264,742)

Net increase (decrease) from shareholder transactions

(6,488,491)

$

(178,750,580)

12,237,555

$

304,248,278

Six Months Ended

11/30/25

Year Ended

5/31/25

14.7 Lifecycle Index 2035

Shares

Value

Shares

Value

Subscriptions:

Class I

101,977

$

3,089,959

443,768

$

12,038,764

Premier Class

367,391

10,889,852

1,097,427

29,632,626

Class R6

28,953,727

864,332,886

62,281,974

1,695,599,619

Retirement Class

1,122,770

33,389,368

2,558,090

68,965,307

Total subscriptions

30,545,865

911,702,065

66,381,259

1,806,236,316

Reinvestments of distributions:

Class I

–

–

29,766

813,802

Premier Class

–

–

179,598

4,890,462

Class R6

–

–

8,782,493

240,552,492

Retirement Class

–

–

438,817

11,900,721

Total reinvestments of distributions

–

–

9,430,674

258,157,477

Redemptions:

Class I

(176,376)

(5,308,969)

(159,484)

(4,341,553)

Premier Class

(357,743)

(10,700,549)

(742,455)

(20,045,919)

Class R6

(31,907,952)

(961,681,128)

(49,919,671)

(1,355,059,707)

Retirement Class

(2,101,859)

(62,530,649)

(4,641,286)

(125,063,630)

Total redemptions

(34,543,930)

(1,040,221,295)

(55,462,896)

(1,504,510,809)

Net increase (decrease) from shareholder transactions

(3,998,065)

$

(128,519,230)

20,349,037

$

559,882,984

Six Months Ended

11/30/25

Year Ended

5/31/25

14.8 Lifecycle Index 2040

Shares

Value

Shares

Value

Subscriptions:

Class I

113,317

$

3,698,784

444,778

$

13,203,145

Premier Class

336,729

11,009,012

909,057

26,717,339

Class R6

23,441,374

774,710,902

56,032,691

1,660,817,316

Retirement Class

861,920

28,206,828

1,884,847

55,284,129

Total subscriptions

24,753,340

817,625,526

59,271,373

1,756,021,929

Reinvestments of distributions:

Class I

–

–

21,706

651,409

Premier Class

–

–

143,496

4,286,231

Class R6

–

–

6,980,844

209,704,539

Retirement Class

–

–

302,916

9,014,779

Total reinvestments of distributions

–

–

7,448,962

223,656,958

Redemptions:

Class I

(163,451)

(5,495,847)

(211,904)

(6,301,307)

Premier Class

(393,203)

(13,035,902)

(803,266)

(23,629,285)

Class R6

(33,367,490)

(1,114,206,276)

(44,442,557)

(1,311,311,773)

Retirement Class

(1,699,800)

(55,998,946)

(3,295,185)

(97,164,071)

Total redemptions

(35,623,944)

(1,188,736,971)

(48,752,912)

(1,438,406,436)

Net increase (decrease) from shareholder transactions

(10,870,604)

$

(371,111,445)

17,967,423

$

541,272,451

Six Months Ended

11/30/25

Year Ended

5/31/25

14.9 Lifecycle Index 2045

Shares

Value

Shares

Value

Subscriptions:

Class I

123,308

$

4,369,120

469,723

$

14,693,043

Premier Class

354,693

12,310,028

1,010,059

31,194,174

Class R6

23,140,838

810,909,755

50,880,775

1,588,433,989

Retirement Class

764,059

26,450,160

1,660,659

51,357,627

Total subscriptions

24,382,898

854,039,063

54,021,216

1,685,678,833

Reinvestments of distributions:

Class I

–

–

19,358

613,058

Premier Class

–

–

86,356

2,726,248

Class R6

–

–

5,253,565

166,695,631

Retirement Class

–

–

220,544

6,929,507

Total reinvestments of distributions

–

–

5,579,823

176,964,444

Redemptions:

Class I

(119,995)

(4,310,416)

(155,775)

(4,831,622)

Premier Class

(235,269)

(8,242,244)

(399,873)

(12,402,494)

Class R6

(26,786,365)

(950,158,804)

(35,911,651)

(1,115,277,210)

Retirement Class

(1,228,139)

(43,100,944)

(2,629,368)

(81,362,784)

Total redemptions

(28,369,768)

(1,005,812,408)

(39,096,667)

(1,213,874,110)

Net increase (decrease) from shareholder transactions

(3,986,870)

$

(151,773,345)

20,504,372

$

648,769,167

Six Months Ended

11/30/25

Year Ended

5/31/25

15.01 Lifecycle Index 2050

Shares

Value

Shares

Value

Subscriptions:

Class I

71,202

$

2,574,486

347,200

$

11,082,776

Premier Class

265,227

9,454,873

618,977

19,595,364

Class R6

20,206,589

724,830,182

46,594,581

1,481,558,552

Retirement Class

676,382

23,850,523

1,339,061

42,191,787

Total subscriptions

21,219,400

760,710,064

48,899,819

1,554,428,479

Reinvestments of distributions:

Class I

–

–

15,456

499,834

Premier Class

–

–

53,307

1,717,017

Class R6

–

–

4,276,006

138,542,600

Retirement Class

–

–

175,582

5,627,412

Total reinvestments of distributions

–

–

4,520,351

146,386,863

Redemptions:

Class I

(126,419)

(4,552,826)

(120,556)

(3,834,718)

Premier Class

(216,893)

(7,741,806)

(310,933)

(9,802,871)

Class R6

(23,724,924)

(861,760,966)

(29,269,827)

(927,222,679)

Retirement Class

(1,249,739)

(44,854,940)

(2,189,205)

(69,046,139)

Total redemptions

(25,317,975)

(918,910,538)

(31,890,521)

(1,009,906,407)

Net increase (decrease) from shareholder transactions

(4,098,575)

$

(158,200,474)

21,529,649

$

690,908,935

Six Months Ended

11/30/25

Year Ended

5/31/25

15.1 Lifecycle Index 2055

Shares

Value

Shares

Value

Subscriptions:

Class I

87,696

$

2,570,039

425,164

$

10,997,107

Premier Class

196,242

5,712,189

533,906

13,778,312

Class R6

20,880,863

606,475,012

44,869,821

1,154,713,271

Retirement Class

452,251

13,010,636

1,246,820

31,850,015

Total subscriptions

21,617,052

627,767,876

47,075,711

1,211,338,705

Reinvestments of distributions:

Class I

–

–

15,916

416,694

Premier Class

–

–

25,261

660,586

Class R6

–

–

3,162,576

82,954,371

Retirement Class

–

–

127,545

3,326,374

Total reinvestments of distributions

–

–

3,331,298

87,358,025

Redemptions:

Class I

(137,255)

(3,932,210)

(140,680)

(3,644,192)

Premier Class

(175,469)

(5,097,795)

(236,032)

(6,036,638)

Class R6

(18,406,224)

(541,339,631)

(24,322,945)

(624,998,494)

Retirement Class

(930,922)

(27,247,284)

(1,684,478)

(43,189,337)

Total redemptions

(19,649,870)

(577,616,920)

(26,384,135)

(677,868,661)

Net increase (decrease) from shareholder transactions

1,967,182

$

50,150,956

24,022,874

$

620,828,069

Notes to Financial Statements

(continued)

Six Months Ended

11/30/25

Year Ended

5/31/25

15.2 Lifecycle Index 2060

Shares

Value

Shares

Value

Subscriptions:

Class I

114,325

$

2,601,310

366,135

$

7,364,079

Premier Class

285,749

6,428,373

663,341

13,332,527

Class R6

20,978,131

473,307,566

43,778,222

873,483,589

Retirement Class

564,953

12,661,135

1,142,008

22,684,320

Total subscriptions

21,943,158

494,998,384

45,949,706

916,864,515

Reinvestments of distributions:

Class I

–

–

13,747

279,754

Premier Class

–

–

20,637

419,341

Class R6

–

–

2,274,228

46,326,021

Retirement Class

–

–

87,180

1,767,146

Total reinvestments of distributions

–

–

2,395,792

48,792,262

Redemptions:

Class I

(137,514)

(3,092,962)

(155,492)

(3,108,383)

Premier Class

(209,797)

(4,738,434)

(255,361)

(5,063,844)

Class R6

(14,833,914)

(338,603,375)

(22,668,107)

(452,990,472)

Retirement Class

(584,350)

(13,333,673)

(1,215,239)

(24,227,016)

Total redemptions

(15,765,575)

(359,768,444)

(24,294,199)

(485,389,715)

Net increase (decrease) from shareholder transactions

6,177,583

$

135,229,940

24,051,299

$

480,267,062

Six Months Ended

11/30/25

Year Ended

5/31/25

15.3 Lifecycle Index 2065

Shares

Value

Shares

Value

Subscriptions:

Class I

99,276

$

1,602,536

236,260

$

3,355,493

Premier Class

92,943

1,487,874

193,775

2,740,284

Class R6

12,268,905

198,839,512

21,252,169

304,524,818

Retirement Class

344,952

5,529,712

577,952

8,160,279

Total subscriptions

12,806,076

207,459,634

22,260,156

318,780,874

Reinvestments of distributions:

Class I

–

–

5,366

77,380

Premier Class

–

–

4,301

61,977

Class R6

–

–

610,908

8,925,367

Retirement Class

–

–

16,710

241,122

Total reinvestments of distributions

–

–

637,285

9,305,846

Redemptions:

Class I

(45,496)

(697,233)

(85,309)

(1,205,408)

Premier Class

(27,197)

(428,498)

(88,608)

(1,245,840)

Class R6

(5,172,246)

(84,733,360)

(6,353,739)

(90,778,874)

Retirement Class

(181,168)

(2,963,800)

(319,821)

(4,503,311)

Total redemptions

(5,426,107)

(88,822,891)

(6,847,477)

(97,733,433)

Net increase (decrease) from shareholder transactions

7,379,969

$

118,636,743

16,049,964

$

230,353,287

For the Period

9/30/25

(commencement of operations)

through

11/30/25

15.4 Lifecycle Index 2070

Shares

Value

Subscriptions:

Class I

50,000

$

500,000

Premier Class

50,000

500,000

Class R6

350,001

3,500,010

Retirement Class

50,001

500,010

Total subscriptions

500,002

5,000,020

Reinvestments of distributions:

Class I

–

–

Premier Class

–

–

Class R6

–

–

Retirement Class

–

–

Total reinvestments of distributions

–

–

Redemptions:

Class I

–

–

Premier Class

–

–

Class R6

(1) (10) Retirement Class

(1) (10) Total redemptions

(2) (20) Net increase (decrease) from shareholder transactions

500,000

$

5,000,000

7. Income Tax Information

Each Fund is a separate taxpayer for federal income tax purposes. Each Fund intends to distribute substantially all of its net

investment income and net capital gains to shareholders and otherwise comply with the requirements of Subchapter M of the Internal

Revenue Code applicable to regulated investment companies. Therefore, no federal income tax provision is required.

Each Fund files income tax returns in U.S. federal and applicable state and local jurisdictions. A Fund's federal income tax returns

are generally subject to examination for a period of three fiscal years after being filed. State and local tax returns may be subject to

examination for an additional period of time depending on the jurisdiction. Management has analyzed each Fund's tax positions taken

for all open tax years and has concluded that no provision for income tax is required in the Fund's financial statements.

As of year end, the aggregate cost and the net unrealized appreciation/(depreciation) of all investments for federal income tax

purposes were as follows:

For purposes of this disclosure, tax cost generally includes the cost of portfolio investments as well as up-front fees or premiums

exchanged on derivatives and any amounts unrealized for income statement reporting but realized income and/or capital gains for tax

reporting, if applicable.

As of prior fiscal period end, the components of accumulated earnings on a tax basis were as follows:

Fund

Tax Cost

Gross Unrealized

Appreciation

Gross Unrealized

(Depreciation)

Net Unrealized

Appreciation

(Depreciation)

14.1 Lifecycle Index Retirement Income

$691,379,507

$186,922,056

$(34,665,537)

$152,256,519

14.2 Lifecycle Index 2010

536,560,366

156,077,704

(31,819,850)

124,257,854

14.3 Lifecycle Index 2015

786,429,091

270,038,367

(46,339,739)

223,698,628

14.4 Lifecycle Index 2020

2,300,085,336

847,330,429

(119,239,179)

728,091,250

14.5 Lifecycle Index 2025

4,680,134,189

1,794,411,349

(208,357,185)

1,586,054,164

14.6 Lifecycle Index 2030

6,794,161,380

2,990,554,854

(224,649,682)

2,765,905,172

14.7 Lifecycle Index 2035

7,195,607,586

3,640,140,245

(221,312,045)

3,418,828,200

14.8 Lifecycle Index 2040

6,921,921,403

4,417,468,167

(218,743,314)

4,198,724,853

14.9 Lifecycle Index 2045

6,099,429,834

3,881,747,120

(157,810,912)

3,723,936,208

15.01 Lifecycle Index 2050

5,265,103,213

3,358,041,340

(125,339,869)

3,232,701,471

15.1 Lifecycle Index 2055

3,602,054,325

1,959,306,703

(67,725,028)

1,891,581,675

15.2 Lifecycle Index 2060

2,323,210,980

1,047,257,672

(37,380,100)

1,009,877,572

15.3 Lifecycle Index 2065

647,687,859

181,699,357

(3,448,725)

178,250,632

15.4 Lifecycle Index 2070

4,934,670

103,389

–

103,389

Fund

Undistributed

Ordinary

Income

Undistributed

Long-Term

Capital Gains

Unrealized

Appreciation

(Depreciation)

Capital Loss

Carryforwards

Late-Year

Loss Deferrals

Other

Book-to-Tax

Differences

Total

14.1 Lifecycle Index Retirement Income

$2,489,465

$2,192,044

$91,645,306

$–

$–

$(24,472)

$96,302,343

14.2 Lifecycle Index 2010

6,252,980

5,932,138

94,019,318

–

–

(42,838)

106,161,598

14.3 Lifecycle Index 2015

8,400,519

11,892,249

180,771,668

–

–

(74,459)

200,989,977

14.4 Lifecycle Index 2020

23,823,258

28,649,807

574,629,547

–

–

(156,861)

626,945,751

14.5 Lifecycle Index 2025

43,811,122

52,896,279

1,189,666,182

–

–

(213,737)

1,286,159,846

14.6 Lifecycle Index 2030

52,021,490

47,203,190

1,968,693,577

–

–

(247,529)

2,067,670,728

14.7 Lifecycle Index 2035

47,874,761

43,808,827

2,406,338,646

–

–

(240,767)

2,497,781,467

14.8 Lifecycle Index 2040

33,141,382

47,789,491

3,023,791,150

–

–

(260,166)

3,104,461,857

14.9 Lifecycle Index 2045

24,613,382

18,136,704

2,585,347,624

–

–

(175,934)

2,627,921,776

15.01 Lifecycle Index 2050

24,926,900

–

2,215,687,680

–

–

(139,706)

2,240,474,874

15.1 Lifecycle Index 2055

8,762,602

–

1,228,439,074

–

–

(68,424)

1,237,133,252

15.2 Lifecycle Index 2060

4,214,966

113,626

608,526,887

–

–

(30,532)

612,824,947

15.3 Lifecycle Index 2065

351,890

47,749

84,597,655

–

–

(3,298)

84,993,996

15.4 Lifecycle Index 2070

–

–

–

–

–

–

–

Notes to Financial Statements

(continued)

8. Management Fees and Other Transactions with Affiliates

Management Fees:

Under the terms of its Investment Management Agreement, the Adviser is entitled to a fee that is made up of two

components, which are added together to create the total investment management fee. The first component, the asset allocation

fee rate, is an annual rate of 0.10% of the average daily net assets of each Fund. The second component, the Underlying Funds

fee rate, is calculated as follows: for each Underlying Fund of the Trust in which a Fund is invested, the effective Underlying Fund's

annual investment management fee rate, as determined pursuant to its investment management agreement, net of any fee waivers

or reimbursements applicable to the Underlying Fund (excluding the Class W shares investment management fee waiver and/or

reimbursement), in proportion to the percentage of the Fund's net assets invested in the Underlying Fund, applied to the average

daily net assets of the Fund. The Adviser has contractually agreed to waive a portion of the asset allocation fee rate for each Fund's

management fee through September 30, 2026, unless changed with the approval of the Board. As of the end of the current fiscal

period, the Adviser received from the Funds the following effective annual rate as a percentage of average daily net assets of each

Fund:

The Funds have entered into an Administrative Service Agreement with the Adviser under which the Funds pay the Adviser for its

costs in providing certain administrative and compliance services to the Funds. The Adviser has agreed to gradually reduce expenses

allocated to the Funds under the Administrative Services Agreement over a three-year period commencing May 1, 2024. After the

expiration of this three-year period, the Adviser will no longer allocate expenses to the Funds under the Administrative Services

Agreement.

Under the terms of Retirement Class Service Agreement with respect to each Fund, the Retirement Class of the Fund incurs an

annual fee of 0.25% of the daily net assets, payable monthly to TIAA, on behalf of Retirement Class shares of the Fund held by or

through TIAA by its clients, or the Adviser, on behalf of all other Retirement Class shares, for certain administrative costs associated

with the maintenance of Retirement Class shares on retirement plan or other platforms. Substantially all of the Retirement Class

shareholder servicing fees reported on the Statement of Operations are paid to TIAA or the Adviser, respectively, under the Service

Agreement.

Under the terms of a distribution Rule 12b-1 plan, the Premier Class of each Fund compensates Nuveen Securities for providing

distribution, promotional and/or shareholder services to the Premier Class of the Fund at the annual rate of 0.15% of the average

daily net assets attributable to the Fund's Premier Class shares.

The Adviser has agreed to reimburse each Fund if its total expense ratio (excluding interest, taxes, brokerage commissions and

other transactional expenses, acquired fund fees and expenses, extraordinary expenses and the management fees and certain other

Investment Management Fee Waiver

Fund

Investment Management Fee—Effective Rate

Effective 10/1/25

Prior to 10/1/25

Lifecycle Index Retirement Income

0.090%

0.082%

0.081%

Lifecycle Index 2010

0.090 0.081 0.081 Lifecycle Index 2015

0.090 0.080 0.079 Lifecycle Index 2020

0.090 0.075 0.075 Lifecycle Index 2025

0.090 0.071 0.070 Lifecycle Index 2030

0.090 0.066 0.066 Lifecycle Index 2035

0.090 0.061 0.062 Lifecycle Index 2040

0.090 0.056 0.057 Lifecycle Index 2045

0.090 0.055 0.057 Lifecycle Index 2050

0.090 0.054 0.056 Lifecycle Index 2055

0.090 0.054 0.056 Lifecycle Index 2060

0.090 0.054 0.056 Lifecycle Index 2065

0.090 0.054 0.057 Lifecycle Index 2070

0.090 0.057 -

expenses originally attributable to Class W shares of the affiliated Nuveen Funds) exceeds the following percentages of average daily

net assets for each class:

The Funds are permitted to purchase or sell securities from or to certain other funds or accounts managed by the Adviser or by an

affiliate of the Adviser (each an, "Affiliated Entity") under specified conditions outlined in procedures adopted by the Board ("cross-

trade"). These procedures have been designed to ensure that any cross-trade of securities by the Fund from or to an Affiliated Entity

by virtue of having a common investment adviser (or affiliated investment adviser), common officer and/or common trustee complies

with Rule 17a-7 under the 1940 Act. These transactions are affected at the current market price (as provided by an independent

pricing service) without incurring broker commissions. During the current fiscal period, the Funds did not engage in security

transactions with affiliated entities.

Affiliated Owned Shares:

The following is the percentage of the Funds' shares owned by TIAA and its registered separate account

("TIAA Access") as of the end of the current fiscal period:

Affiliated Investment Companies:

Investments in other investment companies advised by the Adviser and Nuveen Fund Advisors, LLC

are deemed to be affiliated investments. A complete schedule of the portfolio holdings for each of the affiliated investments is filed

with the SEC for the first and third quarters of each fiscal year on Form N-PORT and is available on the SEC's website at www.sec.gov.

A copy of the annual report, semi-annual report and financial statements is available for each of the affiliated investments at https://

www.nuveen.com/en-us/mutual-funds/prospectuses, https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses or upon

request by calling (800) 842-2252. Information regarding transactions with affiliated investment companies is as follows:

Maximum Expense Amounts

Class I

Premier Class

Class R6

Retirement Class

Fund

Effective

10/1/25\*

Prior to

10/1/25

Effective

10/1/25\*

Prior to

10/1/25

Effective

10/1/25\*

Prior to

10/1/25

Effective

10/1/25\*

Prior to

10/1/25

Lifecycle Index Retirement Income

0.168%

0.169%

0.168%

0.169%

0.018%

0.019%

0.268%

0.269%

Lifecycle Index 2010

0.169 0.169 0.169 0.169 0.019 0.019 0.269 0.269 Lifecycle Index 2015

0.170 0.171 0.170 0.171 0.020 0.021 0.270 0.271 Lifecycle Index 2020

0.175 0.175 0.175 0.175 0.025 0.025 0.275 0.275 Lifecycle Index 2025

0.179 0.180 0.179 0.180 0.029 0.030 0.279 0.280 Lifecycle Index 2030

0.184 0.184 0.184 0.184 0.034 0.034 0.284 0.284 Lifecycle Index 2035

0.189 0.188 0.189 0.188 0.039 0.038 0.289 0.288 Lifecycle Index 2040

0.194 0.193 0.194 0.193 0.044 0.043 0.294 0.293 Lifecycle Index 2045

0.195 0.193 0.195 0.193 0.045 0.043 0.295 0.293 Lifecycle Index 2050

0.196 0.194 0.196 0.194 0.046 0.044 0.296 0.294 Lifecycle Index 2055

0.196 0.194 0.196 0.194 0.046 0.044 0.296 0.294 Lifecycle Index 2060

0.196 0.194 0.196 0.194 0.046 0.044 0.296 0.294 Lifecycle Index 2065

0.196 0.193 0.196 0.193 0.046 0.043 0.296 0.293 Lifecycle Index 2070

0.193 -

0.193 -

0.043 -

0.293 -

\* The expense reimbursement agreements will continue through at least September 30, 2026, unless changed with approval of the Board.

Underlying Fund

TIAA

Total

15.4 Lifecycle Index 2070

%

%

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Shares at

11/30/25

Dividend Income

Lifecycle Index Retirement Income

Nuveen Funds:

Bond Index, Class W

$

304,039,798

$

34,837,493

$

80,545,2

$

(5,949,481)

$

15,274,630

$

267,657,

27,173,318

$

6,144,698

Emerging Markets

Equity Index,

Class W

33,647,817

3,356,566

4,216,733

316,586

6,565,645

39,669,881

2,809,482

–

Equity Index, Class W

203,994,808

12,483,629

28,732,048

1,636,290

30,630,621

220,013,300

4,578,841

–

High Yield Corporate

Bond ETF

–

46,014,645

–

–

346,593

46,361,238

1,840,652

19,965

Inflation Linked Bond,

Class W

76,119,986

12,793,599

4,867,318

(134,732)

1,090,423

85,001,958

7,776,940

1,754,484

International

Aggregate Bond

ETF

–

21,108,460

–

–

(5,439)

21,103,021

836,260

2,491

International Equity

Index, Class W

75,054,666

7,925,327

11,490,883

706,025

6,164,293

78,359,428

2,776,734

–

Short Term Bond

Index, Class W

76,036,914

16,856,956

8,236,53

(121,766)

544,447

85,080,0

8,771,136

1,740,413

$768,893,989

$155,376,675

$138,088,773

$(3,547,078)

$60,611,213

$843,246,026

56,563,362

$9,662,051

Notes to Financial Statements

(continued)

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Shares at

11/30/25

Dividend Income

Lifecycle Index 2010

Nuveen Funds:

Bond Index, Class W

$

260,535,505

$

16,333,770

$

74,752,232

$

(6,184,354)

$

13,738,567

$

209,671,256

21,286,422

$

4,996,330

Emerging Markets

Equity Index,

Class W

25,305,350

1,299,053

4,850,031

955,593

4,005,338

26,715,303

1,892,019

–

Equity Index, Class W

153,425,112

2,641,06

30,090,346

14,439,227

8,711,238

149,126,29

3,103,565

–

High Yield Corporate

Bond ETF

–

35,795,79

–

269,038

36,064,83

1,431,860

15,672

Inflation Linked Bond,

Class W

65,221,958

5,830,157

5,353,666

(194,393)

970,673

66,474,729

6,081,860

1,444,547

International

Aggregate Bond

ETF

–

16,469,231

–

–

(4,277)

16,464,954

652,465

1,965

International Equity

Index, Class W

56,448,252

2,051,520

10,133,655

3,013,573

1,830,988

53,210,678

1,885,566

–

Short Term Bond

Index, Class W

96,960,435

12,022,516

7,941,743

(198,004)

716,971

101,560,175

10,470,121

2,125,427

$657,896,612

$92,443,102

$133,121,673

$11,831,643

$30,238,536

$659,288,220

46,803,878

$8,583,941

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Shares at

11/30/25

Dividend Income

Lifecycle Index 2015

Nuveen Funds:

Bond Index, Class W

$

395,881,508

$

17,389,264

$

103,741,219

$

(8,917,639)

$

20,466,800

$

321,078,714

32,596,824

$

7,589,079

Emerging Markets

Equity Index,

Class W

43,991,988

1,702,960

7,830,377

1,536,582

7,045,714

46,446,867

3,289,438

–

Equity Index, Class W

266,715,179

1,911,666

47,447,295

30,089,538

10,050,199

261,319,287

5,438,487

–

High Yield Corporate

Bond ETF

–

54,977,470

–

–

414,005

55,391,475

2,199,174

23,778

Inflation Linked Bond,

Class W

98,698,685

8,935,402

7,181,673

(301,238)

1,487,704

101,638,880

9,299,074

2,182,949

International

Aggregate Bond

ETF

–

25,226,367

–

–

(6,407)

25,219,960

999,404

2,980

International Equity

Index, Class W

98,130,474

4,139,737

18,457,478

5,643,446

2,767,102

92,223,281

3,268,011

–

Short Term Bond

Index, Class W

98,590,267

13,106,874

7,277,186

(172,543)

701,843

104,949,255

10,819,511

2,161,385

$1,002,008,101

$127,389,740

$191,935,228

$27,878,146

$42,926,960

$1,008,267,719

67,909,923

$11,960,171

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Shares at

11/30/25

Dividend Income

Lifecycle Index 2020

Nuveen Funds:

Bond Index, Class W

$

1,158,264,084

$

57,308,388

$

291,428,307

$

(28,207,653)

$

62,232,871

$

958,169,383

97,276,080

$

22,392,754

Emerging Markets

Equity Index,

Class W

148,450,166

4,624,284

25,602,243

4,869,225

24,298,401

156,639,833

11,093,473

–

Equity Index, Class W

899,993,019

3,005,554

158,840,087

88,067,309

48,327,967

880,553,762

18,325,781

–

High Yield Corporate

Bond ETF

–

142,452,462

–

–

1,071,716

143,524,178

5,698,253

61,988

Inflation Linked Bond,

Class W

236,645,669

23,876,157

15,264,633

(723,078)

3,604,134

248,138,249

22,702,493

5,292,127

International

Aggregate Bond

ETF

–

75,211,918

–

(19,291)

75,192,628

2,979,696

8,937

International Equity

Index, Class W

331,129,768

7,745,245

54,014,464

16,373,070

12,259,645

313,493,264

11,108,904

–

Short Term Bond

Index, Class W

236,401,887

25,067,512

15,259,906

(410,464)

1,686,260

247,485,289

25,513,947

5,180,464

$3,010,884,593

$339,291,520

$560,409,640

$79,968,410

$153,461,703

$3,023,196,586

194,698,626

$32,936,270

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Shares at

11/30/25

Dividend Income

Lifecycle Index 2025

Nuveen Funds:

Bond Index, Class W

$

2,251,287,349

$

123,600,504

$

467,519,74

$

(54,095,444)

$

121,439,078

$

1,974,711,74

200,478,349

$

44,530,110

Emerging Markets

Equity Index,

Class W

330,055,510

8,470,607

44,076,745

7,323,074

58,285,064

360,057,510

25,499,824

–

Equity Index, Class W

2,000,942,246

1,283,698

284,460,707

140,724,305

167,006,973

2,025,496,515

42,153,934

–

High Yield Corporate

Bond ETF

–

245,319,587

–

–

1,844,520

247,164,107

9,813,006

106,755

Inflation Linked Bond,

Class W

354,046,919

43,051,685

15,294,250

(1,010,533)

5,392,527

386,186,348

35,332,694

8,033,065

International

Aggregate Bond

ETF

–

154,450,422

–

–

(39,526)

154,410,896

6,118,918

18,296

International Equity

Index, Class W

736,201,441

20,146,455

98,988,428

24,855,087

40,006,311

722,220,866

25,592,518

–

Short Term Bond

Index, Class W

353,641,730

46,968,056

17,387,21

(515,241)

2,453,035

385,160,3

39,707,255

7,934,532

$6,026,175,195

$643,291,014

$927,727,086

$117,281,248

$396,387,982

$6,255,408,353

384,696,498

$60,622,758

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Shares at

11/30/25

Dividend Income

Lifecycle Index 2030

Nuveen Funds:

Bond Index, Class W

$

2,939,842,691

$

245,407,285

$

523,767,170

$

(66,155,720)

$

156,173,243

$

2,751,500,329

279,340,135

$

59,680,750

Emerging Markets

Equity Index,

Class W

558,062,420

24,384,391

59,495,303

6,783,205

105,838,682

635,573,395

45,012,280

–

Equity Index, Class W

3,384,250,543

28,139,471

367,972,560

96,082,749

433,773,539

3,574,273,742

74,386,550

–

High Yield Corporate

Bond ETF

–

299,542,426

–

–

2,253,555

301,795,981

11,982,022

129,801

Inflation Linked Bond,

Class W

343,154,615

61,545,530

13,176,306

(1,345,108)

5,731,108

395,909,839

36,222,309

7,934,483

International

Aggregate Bond

ETF

–

214,243,089

–

–

(54,112)

214,188,977

8,487,774

25,174

International Equity

Index, Class W

1,245,997,509

30,758,580

115,464,006

20,732,705

91,083,134

1,273,107,922

45,113,675

–

Short Term Bond

Index, Class W

342,975,061

69,085,625

13,825,147

(491,619)

2,412,447

400,156,367

41,253,234

7,947,466

$8,814,282,839

$973,106,397

$1,093,700,492

$55,606,212

$797,211,596

$9,546,506,552

541,797,980

$75,717,674

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Shares at

11/30/25

Dividend Income

Lifecycle Index 2035

Nuveen Funds:

Bond Index, Class W

$

2,818,383,687

$

300,949,257

$

467,125,396

$

(55,067,707)

$

142,746,645

$

2,739,886,486

278,161,065

$

58,211,763

Emerging Markets

Equity Index,

Class W

693,703,470

35,662,905

66,957,726

6,914,039

134,327,108

803,649,796

56,915,708

–

Equity Index, Class W

4,204,684,542

42,479,387

397,564,808

58,997,821

606,518,612

4,515,115,554

93,967,025

–

High Yield Corporate

Bond ETF

–

249,221,448

–

–

1,872,851

251,094,299

9,969,044

108,170

Inflation Linked Bond,

Class W

184,771,953

48,187,606

8,230,851

(980,786)

3,419,910

227,167,832

20,783,882

4,387,273

International

Aggregate Bond

ETF

–

212,821,154

–

–

(53,438)

212,767,716

8,431,453

24,960

International Equity

Index, Class W

1,546,879,811

54,611,262

130,284,548

18,234,454

122,269,580

1,611,710,559

57,112,351

–

Short Term Bond

Index, Class W

184,648,230

54,068,899

7,677,576

(314,295)

1,388,286

232,113,544

23,929,231

4,473,917

$9,633,071,693

$998,001,918

$1,077,840,905

$27,783,526

$1,012,489,554

$10,593,505,786

549,269,760

$67,206,083

Notes to Financial Statements

(continued)

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Shares at

11/30/25

Dividend Income

Lifecycle Index 2040

Nuveen Funds:

Bond Index, Class W

$

2,175,057,354

$

274,507,567

$

372,656,788

$

(38,127,967)

$

106,592,201

$

2,145,372,367

217,804,301

$

45,116,372

Emerging Markets

Equity Index,

Class W

863,160,406

53,674,161

95,022,264

9,729,807

166,381,735

997,923,845

70,674,493

–

Equity Index, Class W

5,229,216,814

50,448,299

529,126,665

78,698,123

750,162,141

5,579,398,712

116,116,518

–

High Yield Corporate

Bond ETF

–

174,178,83

–

–

1,304,676

175,483,51

6,967,115

76,078

Inflation Linked Bond,

Class W

–

16,960,08

380,347

1,379

46,965

16,628,08

1,521,325

68,483

International

Aggregate Bond

ETF

–

167,202,345

–

–

(41,541)

167,160,804

6,624,165

19,506

International Equity

Index, Class W

1,923,667,628

70,272,210

179,054,884

24,644,360

150,448,960

1,989,978,274

70,516,594

–

Short Term Bond

Index, Class W

–

46,539,346

20,823,263

(3,988)

38,566

25,750,661

2,654,707

303,683

$10,191,102,202

$853,782,848

$1,197,064,211

$74,941,714

$1,174,933,703

$11,097,696,256

492,879,219

$45,584,122

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Shares at

11/30/25

Dividend Income

Lifecycle Index 2045

Nuveen Funds:

Bond Index, Class W

$

1,192,597,095

$

202,326,798

$

176,316,585

$

(18,938,386)

$

57,146,647

$

1,256,815,569

127,595,489

$

25,394,696

Emerging Markets

Equity Index,

Class W

816,871,300

62,145,392

77,501,192

5,323,383

163,480,301

970,319,184

68,719,489

–

Equity Index, Class W

4,945,983,702

126,075,301

412,552,444

36,995,641

759,480,138

5,455,982,338

113,548,020

–

High Yield Corporate

Bond ETF

–

77,152,374

–

–

571,585

77,723,959

3,085,827

34,424

International

Aggregate Bond

ETF

–

96,692,166

–

–

(23,795)

96,668,371

3,830,726

11,216

International Equity

Index, Class W

1,820,545,161

96,628,135

140,172,338

10,571,955

157,933,708

1,945,506,621

68,940,702

–

$8,775,997,258

$661,020,166

$806,542,559

$33,952,593

$1,138,588,584

$9,803,016,042

385,720,253

$25,440,336

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Shares at

11/30/25

Dividend Income

Lifecycle Index 2050

Nuveen Funds:

Bond Index, Class W

$

737,968,816

$

131,710,146

$

86,034,966

$

(10,039,686)

$

33,734,673

$

807,338,983

81,963,349

$

15,788,786

Emerging Markets

Equity Index,

Class W

737,291,829

63,006,541

69,087,008

5,122,718

147,836,841

884,170,921

62,618,337

–

Equity Index, Class W

4,465,351,510

133,429,099

364,864,916

29,925,266

691,281,078

4,955,122,037

103,124,288

–

High Yield Corporate

Bond ETF

–

3,998,288

–

–

30,336

4,028,624

159,946

1,481

International

Aggregate Bond

ETF

–

62,433,352

–

–

(15,438)

62,417,914

2,473,466

7,259

International Equity

Index, Class W

1,643,791,276

106,201,358

135,056,251

8,533,521

144,146,301

1,767,616,205

62,637,002

–

$7,584,403,431

$500,778,784

$655,043,141

$33,541,819

$1,017,013,791

$8,480,694,684

312,976,388

$15,797,526

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Shares at

11/30/25

Dividend Income

Lifecycle Index 2055

Nuveen Funds:

Bond Index, Class W

$

405,382,122

$

77,735,630

$

45,805,866

$

(5,205,541)

$

18,281,557

$

450,387,902

45,724,660

$

8,748,879

Emerging Markets

Equity Index,

Class W

469,028,621

57,601,297

42,799,820

1,939,995

96,416,978

582,187,071

41,231,379

–

Equity Index, Class W

2,839,218,526

153,308,669

203,895,734

11,884,781

452,570,289

3,253,086,531

67,702,113

–

International

Aggregate Bond

ETF

–

34,846,770

–

(1) (8,590)

34,838,179

1,380,550

4,049

International Equity

Index, Class W

1,044,610,076

88,067,223

70,327,074

2,783,725

95,882,367

1,161,016,317

41,141,613

–

$4,758,239,345

$411,559,589

$362,828,494

$11,402,959

$663,142,601

$5,481,516,000

197,180,315

$8,752,928

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Shares at

11/30/25

Dividend Income

Lifecycle Index 2060

Nuveen Funds:

Bond Index, Class W

$

203,466,221

$

45,866,419

$

21,246,960

$

(2,274,084)

$

8,932,730

$

234,744,326

23,831,911

$

4,471,254

Emerging Markets

Equity Index,

Class W

278,150,768

41,647,695

21,020,555

783,029

58,247,899

357,808,836

25,340,569

–

Equity Index, Class W

1,682,219,082

139,921,574

102,223,638

3,624,204

275,747,175

1,999,288,397

41,608,499

–

International

Aggregate Bond

ETF

–

18,103,772

–

–

(4,448)

18,099,324

717,231

2,097

International Equity

Index, Class W

619,201,078

70,847,192

36,457,704

1,079,774

58,427,329

713,097,669

25,269,230

–

$2,783,037,149

$316,386,652

$180,948,857

$3,212,923

$401,350,685

$3,323,038,552

116,767,441

$4,473,351

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Shares at

11/30/25

Dividend Income

Lifecycle Index 2065

Nuveen Funds:

Bond Index, Class W

$

37,438,185

$

14,473,373

$

4,493,042

$

(7,120)

$

1,295,806

$

48,707,202

4,944,894

$

871,943

Emerging Markets

Equity Index,

Class W

61,877,119

20,469,154

5,138,265

156,865

13,559,953

90,924,826

6,439,435

–

Equity Index, Class W

373,924,587

87,832,963

25,307,729

434,849

64,929,296

501,813,966

10,443,579

–

International

Aggregate Bond

ETF

–

3,702,476

–

–

(880) 3,701,596

146,685

International Equity

Index, Class W

137,828,838

35,084,782

8,829,008

187,487

13,868,802

178,140,901

6,312,576

–

$611,068,729

$161,562,748

$43,768,044

$772,081

$93,652,977

$823,288,491

28,287,169

$872,363

Issue

Value at

9/30/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Shares at

11/30/25

Dividend Income

Lifecycle Index 2070

Nuveen Funds:

Bond Index, Class W

$

–

$

208,697

$

4,452

$

$

1,255

$

205,518

20,865

$

1,334

Emerging Markets

Equity Index,

Class W

–

556,358

5,779

9,887

560,502

39,696

–

Equity Index, Class W

–

3,092,607

50,342

73,944

3,116,674

64,863

–

International

Aggregate Bond

ETF

–

50,873

–

–

51,177

2,028

International Equity

Index, Class W

–

1,117,754

31,565

–

17,999

1,104,188

39,128

–

$–

$5,026,289

$92,138

$519

$103,389

$5,038,059

166,579

$1,365

------

Portfolio of Investments November 30, 2025

Lifestyle Income

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.9%(a)

FIXED INCOME—39.9%

1,650,427

Nuveen Core Bond Fund, Class R6

$

15,398,488

1,645,534

Nuveen Core Plus Bond Fund, Class R6

15,385,745

TOTAL FIXED INCOME

30,784,233

INTERNATIONAL EQUITY—7.0%

92,065

Nuveen Emerging Markets Equity Fund, Class R6

944,583

83,919

Nuveen International Equity Fund, Class R6

1,445,081

90,988

Nuveen International Opportunities Fund, Class R6

1,592,294

18,695

Nuveen International Value Fund, Class I

679,570

54,072

Nuveen Quant International Small Cap Equity Fund, Class R6

751,058

TOTAL INTERNATIONAL EQUITY

5,412,586

SHORT-TERM FIXED INCOME—39.9%

3,011,150

Nuveen Short Term Bond Fund, Class R6

30,773,957

TOTAL SHORT-TERM FIXED INCOME

30,773,957

U.S. EQUITY—13.1%

79,339

Nuveen Core Equity Fund, Class R6

1,360,671

24,032

Nuveen Dividend Growth Fund, Class R6

1,638,055

90,529

Nuveen Dividend Value Fund, Class R6

1,485,584

40,139

Nuveen Growth Opportunities ETF

1,619,167

52,186

Nuveen Large Cap Growth Fund, Class R6

1,744,047

61,114

Nuveen Large Cap Value Fund, Class R6

1,562,690

6,978

Nuveen Quant Small Cap Equity Fund, Class R6

149,189

8,488

Nuveen Small Cap Select Fund, Class R6

142,429

20,555

Nuveen Quant Small/Mid Cap Equity Fund, Class R6

350,465

TOTAL U.S. EQUITY

10,052,297

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $72,456,573)

77,023,073

TOTAL INVESTMENTS—99.9%

(Cost $72,456,573)

77,023,073

OTHER ASSETS & LIABILITIES, NET—0.1%

64,714

NET ASSETS—100.0%

$

77,087,787

ETF

Exchange Traded Fund

(a) Affiliated fund.

Lifestyle Conservative

Portfolio of Investments November 30, 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.9%(a)

FIXED INCOME—40.0%

3,488,555

Nuveen Core Bond Fund, Class R6

$

32,548,216

10,443,273

Nuveen Core Plus Bond Fund, Class R6

97,644,606

TOTAL FIXED INCOME

130,192,822

INTERNATIONAL EQUITY—14.0%

769,859

Nuveen Emerging Markets Equity Fund, Class R6

7,898,757

706,247

Nuveen International Equity Fund, Class R6

12,161,573

766,783

Nuveen International Opportunities Fund, Class R6

13,418,697

158,500

Nuveen International Value Fund, Class I

5,761,472

453,234

Nuveen Quant International Small Cap Equity Fund, Class R6

6,295,423

TOTAL INTERNATIONAL EQUITY

45,535,922

SHORT-TERM FIXED INCOME—19.9%

6,335,248

Nuveen Short Term Bond Fund, Class R6

64,746,234

TOTAL SHORT-TERM FIXED INCOME

64,746,234

U.S. EQUITY—26.0%

664,967

Nuveen Core Equity Fund, Class R6

11,404,176

201,407

Nuveen Dividend Growth Fund, Class R6

13,727,875

761,770

Nuveen Dividend Value Fund, Class R6

12,500,642

341,566

Nuveen Growth Opportunities ETF

13,778,431

438,851

Nuveen Large Cap Growth Fund, Class R6

14,666,398

515,502

Nuveen Large Cap Value Fund, Class R6

13,181,380

58,858

Nuveen Quant Small Cap Equity Fund, Class R6

1,258,392

71,596

Nuveen Small Cap Select Fund, Class R6

1,201,375

173,380

Nuveen Quant Small/Mid Cap Equity Fund, Class R6

2,956,136

TOTAL U.S. EQUITY

84,674,805

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $285,291,114)

325,149,783

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.0%

REPURCHASE AGREEMENT—0.0%

$230,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

230,000

TOTAL REPURCHASE AGREEMENT

230,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $230,000)

230,000

TOTAL INVESTMENTS—99.9%

(Cost $285,521,114)

325,379,783

OTHER ASSETS & LIABILITIES, NET—0.1%

174,648

NET ASSETS—100.0%

$

325,554,431

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $230,078 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.875% and maturity date 5/31/27, valued at $234,787.

Portfolio of Investments November 30, 2025

Lifestyle Moderate

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.9%(a)

FIXED INCOME—39.9%

25,893,324

Nuveen Core Plus Bond Fund, Class R6

$

242,102,580

TOTAL FIXED INCOME

242,102,580

INTERNATIONAL EQUITY—21.0%

2,146,128

Nuveen Emerging Markets Equity Fund, Class R6

22,019,276

1,977,729

Nuveen International Equity Fund, Class R6

34,056,496

2,136,414

Nuveen International Opportunities Fund, Class R6

37,387,252

444,028

Nuveen International Value Fund, Class I

16,140,407

1,270,254

Nuveen Quant International Small Cap Equity Fund, Class R6

17,643,835

TOTAL INTERNATIONAL EQUITY

127,247,266

U.S. EQUITY—39.0%

1,869,341

Nuveen Core Equity Fund, Class R6

32,059,207

563,605

Nuveen Dividend Growth Fund, Class R6

38,415,333

2,127,433

Nuveen Dividend Value Fund, Class R6

34,911,173

946,959

Nuveen Growth Opportunities ETF

38,199,379

1,228,927

Nuveen Large Cap Growth Fund, Class R6

41,070,735

1,433,116

Nuveen Large Cap Value Fund, Class R6

36,644,771

164,323

Nuveen Quant Small Cap Equity Fund, Class R6

3,513,224

199,886

Nuveen Small Cap Select Fund, Class R6

3,354,083

484,053

Nuveen Quant Small/Mid Cap Equity Fund, Class R6

8,253,098

TOTAL U.S. EQUITY

236,421,003

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $490,854,362)

605,770,849

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.1%

REPURCHASE AGREEMENT—0.1%

$560,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

560,000

TOTAL REPURCHASE AGREEMENT

560,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $560,000)

560,000

TOTAL INVESTMENTS—100.0%

(Cost $491,414,362)

606,330,849

OTHER ASSETS & LIABILITIES, NET—(0.0)%

(55,566)

NET ASSETS—100.0%

$

606,275,283

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $560,190 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $571,314.

Lifestyle Growth

Portfolio of Investments November 30, 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.9%(a)

FIXED INCOME—20.0%

7,177,261

Nuveen Core Plus Bond Fund, Class R6

$

67,107,395

TOTAL FIXED INCOME

67,107,395

INTERNATIONAL EQUITY—27.9%

1,586,212

Nuveen Emerging Markets Equity Fund, Class R6

16,274,539

1,460,745

Nuveen International Equity Fund, Class R6

25,154,028

1,568,329

Nuveen International Opportunities Fund, Class R6

27,445,749

326,912

Nuveen International Value Fund, Class I

11,883,257

936,586

Nuveen Quant International Small Cap Equity Fund, Class R6

13,009,173

TOTAL INTERNATIONAL EQUITY

93,766,746

U.S. EQUITY—52.0%

1,374,813

Nuveen Core Equity Fund, Class R6

23,578,038

413,486

Nuveen Dividend Growth Fund, Class R6

28,183,187

1,571,571

Nuveen Dividend Value Fund, Class R6

25,789,480

704,048

Nuveen Growth Opportunities ETF

28,400,592

905,931

Nuveen Large Cap Growth Fund, Class R6

30,276,216

1,060,037

Nuveen Large Cap Value Fund, Class R6

27,105,137

121,153

Nuveen Quant Small Cap Equity Fund, Class R6

2,590,247

147,369

Nuveen Small Cap Select Fund, Class R6

2,472,860

356,879

Nuveen Quant Small/Mid Cap Equity Fund, Class R6

6,084,793

TOTAL U.S. EQUITY

174,480,550

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $246,644,952)

335,354,691

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.1%

REPURCHASE AGREEMENT—0.1%

$320,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

320,000

TOTAL REPURCHASE AGREEMENT

320,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $320,000)

320,000

TOTAL INVESTMENTS—100.0%

(Cost $246,964,952)

335,674,691

OTHER ASSETS & LIABILITIES, NET—(0.0)%

(30,063)

NET ASSETS—100.0%

$

335,644,628

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $320,109 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $326,407.

Portfolio of Investments November 30, 2025

Lifestyle Aggressive Growth

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.9%(a)

INTERNATIONAL EQUITY—35.0%

1,615,514

Nuveen Emerging Markets Equity Fund, Class R6

$

16,575,178

1,494,367

Nuveen International Equity Fund, Class R6

25,732,997

1,608,575

Nuveen International Opportunities Fund, Class R6

28,150,058

332,730

Nuveen International Value Fund, Class I

12,094,723

964,737

Nuveen Quant International Small Cap Equity Fund, Class R6

13,400,204

TOTAL INTERNATIONAL EQUITY

95,953,160

U.S. EQUITY—64.9%

1,406,591

Nuveen Core Equity Fund, Class R6

24,123,036

424,054

Nuveen Dividend Growth Fund, Class R6

28,903,509

1,604,464

Nuveen Dividend Value Fund, Class R6

26,329,251

718,309

Nuveen Growth Opportunities ETF

28,975,867

925,594

Nuveen Large Cap Growth Fund, Class R6

30,933,366

1,080,367

Nuveen Large Cap Value Fund, Class R6

27,624,976

123,471

Nuveen Quant Small Cap Equity Fund, Class R6

2,639,812

149,702

Nuveen Small Cap Select Fund, Class R6

2,512,005

363,082

Nuveen Quant Small/Mid Cap Equity Fund, Class R6

6,190,544

TOTAL U.S. EQUITY

178,232,366

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $185,534,337)

274,185,526

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.2%

REPURCHASE AGREEMENT—0.2%

$360,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

360,000

TOTAL REPURCHASE AGREEMENT

360,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $360,000)

360,000

TOTAL INVESTMENTS—100.1%

(Cost $185,894,337)

274,545,526

OTHER ASSETS & LIABILITIES, NET—(0.1)%

(139,924)

NET ASSETS—100.0%

$

274,405,602

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $360,122 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.875% and maturity date 5/31/27, valued at $367,395.

Managed Allocation

Portfolio of Investments November 30, 2025

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

AFFILIATED INVESTMENT COMPANIES—99.9%(a)

FIXED INCOME—40.0%

40,137,225

Nuveen Core Plus Bond Fund, Class R6

$

375,283,058

TOTAL FIXED INCOME

375,283,058

INTERNATIONAL EQUITY—21.0%

3,322,481

Nuveen Emerging Markets Equity Fund, Class R6

34,088,658

3,064,126

Nuveen International Equity Fund, Class R6

52,764,242

3,289,095

Nuveen International Opportunities Fund, Class R6

57,559,163

688,330

Nuveen International Value Fund, Class I

25,020,810

1,965,462

Nuveen Quant International Small Cap Equity Fund, Class R6

27,300,269

TOTAL INTERNATIONAL EQUITY

196,733,142

U.S. EQUITY—38.9%

2,879,896

Nuveen Core Equity Fund, Class R6

49,390,217

869,404

Nuveen Dividend Growth Fund, Class R6

59,258,576

3,278,382

Nuveen Dividend Value Fund, Class R6

53,798,252

1,479,523

Nuveen Growth Opportunities ETF

59,682,478

1,892,677

Nuveen Large Cap Growth Fund, Class R6

63,253,260

2,222,047

Nuveen Large Cap Value Fund, Class R6

56,817,731

254,352

Nuveen Quant Small Cap Equity Fund, Class R6

5,438,045

309,387

Nuveen Small Cap Select Fund, Class R6

5,191,507

749,243

Nuveen Quant Small/Mid Cap Equity Fund, Class R6

12,774,600

TOTAL U.S. EQUITY

365,604,666

TOTAL AFFILIATED INVESTMENT COMPANIES

(Cost $725,903,793)

937,620,866

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS—0.1%

REPURCHASE AGREEMENT—0.1%

$830,000

(b) Fixed Income Clearing Corporation

.080

%

12/01/25

830,000

TOTAL REPURCHASE AGREEMENT

830,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $830,000)

830,000

TOTAL INVESTMENTS—100.0%

(Cost $726,733,793)

938,450,866

OTHER ASSETS & LIABILITIES, NET—(0.0)%

(139,776)

NET ASSETS—100.0%

$

938,311,090

ETF

Exchange Traded Fund

(a) Affiliated fund.

(b) Agreement with Fixed Income Clearing Corporation, 4.080% dated 11/28/25 to be repurchased at $830,282 on 12/1/25, collateralized by Government Agency Securities, with coupon rate

3.750% and maturity date 4/30/27, valued at $846,758.

Statement of Assets and Liabilities

See Notes to Financial Statements

November 30, 2025 (Unaudited)

16.1 Lifestyle Income

16.2 Lifestyle Conservative

16.3 Lifestyle Moderate

16.4 Lifestyle Growth

ASSETS

Affiliated investments, at value

‡

$

77,023,073

$

325,149,783

$

605,770,849

$

335,354,691

Short-term investments, at value

#

–

230,000

560,000

320,000

Cash

82,942

3,355

6,982

2,426

Receivables:

Dividends

223,531

720,655

914,159

254,514

Interest

–

Reimbursement from Adviser

6,459

9,807

7,918

11,143

Shares sold

6,022

189,743

67,123

61,746

Other

44,131

60,770

75,318

55,305

Total assets

77,386,158

326,364,191

607,402,539

336,059,934

LIABILITIES

Due to affiliates

4,487

4,716

4,962

4,717

Payables:

Management fees

6,298

26,632

49,212

27,308

Investments purchased - regular settlement

206,626

558,009

787,111

217,528

Shares redeemed

23,456

82,672

49,348

13,926

Service agreement fees

4,068

10,562

26,387

12,357

Accrued expenses:

Custodian fees

7,061

7,262

7,239

7,268

Professional fees

6,975

6,947

6,917

6,947

Shareholder reporting expenses

11,022

19,373

33,813

30,538

Shareholder servicing agent fees

4,224

21,133

42,789

26,900

Trustees fees

8,424

23,335

35,441

18,056

12b-1 distribution and service fees

9,097

42,362

76,996

43,005

Other

6,633

6,757

7,041

6,756

Total liabilities

298,371

809,760

1,127,256

415,306

Net assets

$

77,087,787

$

325,554,431

$

606,275,283

$

335,644,628

NET ASSETS CONSIST OF:

Paid-in capital

$

75,757,358

$

289,853,905

$

491,750,475

$

242,400,224

Total distributable earnings (loss)

1,330,429

35,700,526

114,524,808

93,244,404

Net assets

$

77,087,787

$

325,554,431

$

606,275,283

$

335,644,628

‡

Affiliated investments, cost

$

72,456,573

$

285,291,114

$

490,854,362

$

246,644,952

#

Short-term investments, cost

$

–

$

230,000

$

560,000

$

320,000

See Notes to Financial Statements

16.5 Lifestyle Aggressive

Growth

18.1 Managed Allocation

$

274,185,526

$

937,620,866

360,000

830,000

9,047

3,464

–

1,422,064

9,682

41,150

79,575

11,661

49,623

202,844

274,693,575

940,132,331

4,657

3,776

22,199

–

95,861

1,180,740

45,573

100,125

15,013

13,532

7,228

7,312

6,953

6,743

18,619

58,460

24,744

67,602

13,317

204,657

26,962

173,523

6,847

4,771

287,973

1,821,241

$

274,405,602

$

938,311,090

$

179,304,356

$

712,941,212

95,101,246

225,369,878

$

274,405,602

$

938,311,090

$

185,534,337

$

725,903,793

$

360,000

$

830,000

Statement of Assets and Liabilities

(continued)

See Notes to Financial Statements

(continued)

(continued)

Statement of Assets and Liabilities

(continued)

November 30, 2025 (Unaudited)

16.1 Lifestyle Income

16.2 Lifestyle Conservative

16.3 Lifestyle Moderate

16.4 Lifestyle Growth

CLASS A:

Net assets

$

44,447,173

$

207,103,788

$

378,254,704

$

211,529,167

Shares outstanding

3,896,088

14,954,673

22,795,695

10,602,490

Net asset value ("NAV") per share

$

11.41 $

13.85 $

16.59 $

19.95 Maximum sales charge

5.75%

5.75%

5.75%

5.75%

Offering price per share (NAV per share plus maximum sales

charge)

$

12.11 $

14.69 $

17.60 $

21.17 CLASS I:

Net assets

$

127,097

$

3,385,368

$

7,072,115

$

4,454,232

Shares outstanding

11,163

243,976

425,246

221,454

NAV and offering price per share

$

11.39 $

13.88 $

16.63 $

20.11 PREMIER CLASS:

Net assets

$

25,748

$

28,335

$

27,622

$

41,160

Shares outstanding

2,257

2,039

1,650

2,037

NAV and offering price per share

$

11.41 $

13.89 $

16.74 $

20.20 CLASS R6:

Net assets

$

12,578,358

$

63,136,373

$

89,901,427

$

59,203,836

Shares outstanding

1,101,510

4,548,925

5,403,832

2,940,177

NAV and offering price per share

$

11.42 $

13.88 $

16.64 $

20.14 RETIREMENT CLASS:

Net assets

$

19,909,411

$

51,900,567

$

131,019,415

$

60,416,233

Shares outstanding

1,745,434

3,745,546

7,890,811

3,020,504

NAV and offering price per share

$

11.41 $

13.86 $

16.60 $

20.00 Authorized shares - per class

Unlimited

Unlimited

Unlimited

Unlimited

Par value per share

$

0.0001 $

0.0001 $

0.0001 $

0.0001 See Notes to Financial Statements

16.5 Lifestyle Aggressive

Growth

18.1 Managed Allocation

$

132,779,736

$

850,970,592

5,660,553

60,662,611

$

23.46 $

14.03 5.75%

5.75%

$

24.89 $

14.89 $

5,767,057

$

–

243,567

–

$

23.68 $

–

$

29,490

$

–

1,234

–

$

23.89 $

–

$

61,275,403

$

20,874,546

2,586,451

1,494,842

$

23.69 $

13.96 $

74,553,916

$

66,465,952

3,168,104

4,767,380

$

23.53 $

13.94 Unlimited

Unlimited

$

0.0001 $

0.0001 Statement of Operations

See Notes to Financial Statements

Six Months Ended November 30, 2025 (Unaudited)

16.1 Lifestyle Income

16.2 Lifestyle Conservative

16.3 Lifestyle Moderate

INVESTMENT INCOME

Dividends from affiliated investments

$

1,366,278

$

4,492,088

$

5,952,742

Interest

1,667

5,828

10,781

Total investment income

1,367,945

4,497,916

5,963,523

EXPENSES

Management fees

38,057

160,087

293,329

12b-1 distribution and service fees —

Class A

54,624

256,442

463,393

12b-1 distribution and service fees —

Premier Class

Shareholder servicing agent fees —

Class A

8,598

41,358

83,588

Shareholder servicing agent fees —

Class I

1,047

2,568

Shareholder servicing agent fees —

Premier Class

Shareholder servicing agent fees —

Class R6

975

Shareholder servicing agent fees —

Retirement Class

25,212

63,651

155,674

Administrative service fees

12,068

12,680

13,323

Trustees fees

1,631

2,949

Custodian expenses

3,835

3,937

3,924

Professional fees

7,027

7,112

7,201

Registration fees

16,161

16,738

17,579

Shareholder reporting expenses

10,232

8,431

13,424

Other

11,382

11,568

11,922

Total expenses

187,986

585,744

1,069,410

Expenses reimbursed by the investment adviser

(61,473)

(62,763)

(70,578)

Net expenses

126,513

522,981

998,832

Net investment income (loss)

1,241,432

3,974,935

4,964,691

REALIZED AND UNREALIZED GAIN (LOSS)

Realized gain (loss) from:

Investments

–

–

Affiliated investments

613,644

5,330,134

13,944,240

Net realized gain (loss)

613,644

5,330,435

13,944,240

Change in unrealized appreciation (depreciation) on:

Affiliated investments

2,546,017

16,148,749

40,202,526

Net change in unrealized appreciation (depreciation)

2,546,017

16,148,749

40,202,526

Net realized and unrealized gain (loss)

3,159,661

21,479,184

54,146,766

Net increase (decrease) in net assets from operations

$

4,401,093

$

25,454,119

$

59,111,457

See Notes to Financial Statements

16.4 Lifestyle Growth

16.5 Lifestyle Aggressive

Growth

18.1 Managed Allocation

$

1,911,113

$

427,125

$

9,303,441

5,652

5,161

14,450

1,916,765

432,286

9,317,891

162,346

131,214

–

257,177

160,595

1,040,313

–

52,865

42,007

161,038

1,721

2,134

–

–

525

1,136

74,124

88,777

81,247

12,670

12,509

10,135

1,616

1,285

4,635

3,961

3,945

3,977

7,111

7,088

7,180

16,435

16,981

10,597

14,942

11,116

13,648

11,566

11,730

11,897

617,109

490,579

1,344,741

(68,511)

(65,795)

(223,226)

548,598

424,784

1,121,515

1,368,167

7,502

8,196,376

–

–

–

9,260,835

8,252,187

23,869,350

9,260,835

8,252,187

23,869,350

27,604,298

27,142,859

60,813,186

27,604,298

27,142,859

60,813,186

36,865,133

35,395,046

84,682,536

$

38,233,300

$

35,402,548

$

92,878,912

Statement of Changes in Net Assets

See Notes to Financial Statements

16.1 Lifestyle Income

16.2 Lifestyle Conservative

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

OPERATIONS

Net investment income (loss)

$

1,241,432

$

2,621,779

$

3,974,935

$

9,031,895

Net realized gain (loss)

613,644

148,176

5,330,435

4,527,869

Net change in unrealized appreciation

(depreciation)

2,546,017

1,999,453

16,148,749

8,277,969

Net increase (decrease) in net assets from

operations

4,401,093

4,769,408

25,454,119

21,837,733

DISTRIBUTIONS TO SHAREHOLDERS

–

–

–

–

Dividends:

Class A

(696,192)

(1,586,733)

(2,419,980)

(6,062,850)

Class I

(418)

(1,772)

(39,750)

(103,286)

Premier Class

(413)

(2,596)

(1,518)

(2,774)

Class R6

(213,359)

(412,489)

(798,855)

(1,906,553)

Retirement Class

(322,810)

(708,926)

(616,157)

(1,492,298)

Total distributions

(1,233,192)

(2,712,516)

(3,876,260)

(9,567,761)

FUND SHARE TRANSACTIONS

Subscriptions

4,135,259

8,850,890

12,610,681

30,024,198

Reinvestments of distributions

1,208,206

2,644,803

3,832,795

9,450,933

Redemptions

(6,929,660)

(12,967,292)

(20,942,201)

(52,569,132)

Net increase (decrease) from Fund share

transactions

(1,586,195)

(1,471,599)

(4,498,725)

(13,094,001)

Net increase (decrease) in net assets

1,581,706

585,293

17,079,134

(824,029)

Net assets at the beginning of period

75,506,081

74,920,788

308,475,297

309,299,326

Net assets at the end of period

$

77,087,787

$

75,506,081

$

325,554,431

$

308,475,297

See Notes to Financial Statements

16.3 Lifestyle Moderate

16.4 Lifestyle Growth

16.5 Lifestyle Aggressive Growth

18.1 Managed Allocation

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

Unaudited

Six Months Ended

11/30/25

Year Ended

5/31/25

$

4,964,691

$

13,218,223

$

1,368,167

$

5,210,212

$

7,502

$

2,725,695

$

8,196,376

$

21,466,735

13,944,240

11,393,271

9,260,835

9,772,632

8,252,187

11,138,534

23,869,350

26,063,157

40,202,526

18,667,228

27,604,298

10,413,587

27,142,859

8,839,553

60,813,186

21,092,005

59,111,457

43,278,722

38,233,300

25,396,431

35,402,548

22,703,782

92,878,912

68,621,897

–

–

–

–

–

–

–

–

(2,919,165)

(9,764,344)

–

(4,898,847)

–

(3,156,606)

(7,161,018)

(32,852,489)

(61,379)

(216,687)

–

(110,381)

–

(146,859)

–

–

(222)

(1,878)

–

(843)

–

(528)

–

–

(780,374)

(2,714,486)

–

(1,448,747)

–

(1,789,658)

(195,571)

(826,593)

(1,005,182)

(3,294,845)

–

(1,477,529)

–

(1,697,346)

(559,959)

(2,707,155)

(4,766,322)

(15,992,240)

–

(7,936,347)

–

(6,790,997)

(7,916,548)

(36,386,237)

25,705,678

48,796,547

12,587,591

22,738,055

13,155,669

25,902,344

11,286,882

21,813,779

4,728,305

15,761,815

–

7,880,941

–

6,735,535

7,629,136

35,171,527

(35,770,397)

(97,538,697)

(19,353,613)

(50,152,352)

(17,347,081)

(53,206,898)

(42,419,000)

(93,476,010)

(5,336,414)

(32,980,335)

(6,766,022)

(19,533,356)

(4,191,412)

(20,569,019)

(23,502,982)

(36,490,704)

49,008,721

(5,693,853)

31,467,278

(2,073,272)

31,211,136

(4,656,234)

61,459,382

(4,255,044)

557,266,562

562,960,415

304,177,350

306,250,622

243,194,466

247,850,700

876,851,708

881,106,752

$

606,275,283

$

557,266,562

$

335,644,628

$

304,177,350

$

274,405,602

$

243,194,466

$

938,311,090

$

876,851,708

Financial Highlights

See Notes to Financial Statements

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

16.1 Lifestyle Income

Class A:

11/30/25

(e) $

.94

$

.18

$

.47

$

.65

$

(0

.18)

$

—

$

(0

.18)

$

.41

5/31/25

.64

.37

.31

.68

(0

.38)

—

(0

.38)

.94

5/31/24

.21

.33

.43

.76

(0

.33)

—

(0

.33)

.64

5/31/23

.64

.26

(0

.27)

(0

.01)

(0

.25)

(0

.17)

(0

.42)

.21

5/31/22

.96

.18

(0

.96)

(0

.78)

(0

.22)

(0

.32)

(0

.54)

.64

5/31/21

.21

.16

.99

.15

(0

.23)

(0

.17)

(0

.40)

.96

Class I:

11/30/25

(e) 10

.92

.19

.46

.65

(0

.18)

—

(0

.18)

.39

5/31/25

.65

.38

.32

.70

(0

.43)

—

(0

.43)

.92

5/31/24

.22

.35

.44

.79

(0

.36)

—

(0

.36)

.65

5/31/23

.65

.28

(0

.26)

.02

(0

.28)

(0

.17)

(0

.45)

.22

5/31/22

.96

.20

(0

.95)

(0

.75)

(0

.24)

(0

.32)

(0

.56)

.65

5/31/21

.22

.19

.98

.17

(0

.26)

(0

.17)

(0

.43)

.96

Premier Class:

11/30/25

(e) 10

.94

.19

.46

.65

(0

.18)

—

(0

.18)

.41

5/31/25

.66

.37

.34

.71

(0

.43)

—

(0

.43)

.94

5/31/24

.23

.33

.45

.78

(0

.35)

—

(0

.35)

.66

5/31/23

.66

.28

(0

.27)

.01

(0

.27)

(0

.17)

(0

.44)

.23

5/31/22

.98

.19

(0

.96)

(0

.77)

(0

.23)

(0

.32)

(0

.55)

.66

5/31/21

.23

.18

.98

.16

(0

.24)

(0

.17)

(0

.41)

.98

Class R6:

11/30/25

(e) 10

.95

.20

.47

.67

(0

.20)

—

(0

.20)

.42

5/31/25

.65

.40

.32

.72

(0

.42)

—

(0

.42)

.95

5/31/24

.22

.36

.43

.79

(0

.36)

—

(0

.36)

.65

5/31/23

.65

.29

(0

.27)

.02

(0

.28)

(0

.17)

(0

.45)

.22

5/31/22

.97

.21

(0

.96)

(0

.75)

(0

.25)

(0

.32)

(0

.57)

.65

5/31/21

.22

.20

.98

.18

(0

.26)

(0

.17)

(0

.43)

.97

Retirement Class:

11/30/25

(e) 10

.94

.18

.47

.65

(0

.18)

—

(0

.18)

.41

5/31/25

.64

.38

.31

.69

(0

.39)

—

(0

.39)

.94

5/31/24

.21

.33

.44

.77

(0

.34)

—

(0

.34)

.64

5/31/23

.64

.26

(0

.26)

—

(0

.26)

(0

.17)

(0

.43)

.21

5/31/22

.96

.18

(0

.96)

(0

.78)

(0

.22)

(0

.32)

(0

.54)

.64

5/31/21

.21

.17

.98

.15

(0

.23)

(0

.17)

(0

.40)

.96

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are at NAV and do not include any sales charge. Total returns are not annualized.

(d) The Fund's ratios do not include the expenses or income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

.98

%

$

44,447

.55

%

(f) 0

.39

%

(f) 3

.21

%

(f) 7

%

.52

43,588

.66

.40

.41

.61

44,780

.66

.38

.21

.05

47,233

.61

.38

.55

(6

.73)

55,202

.58

.35

.52

.21

58,046

.57

.38

.40

.05

.37

(f) 0

.21

(f) 3

.40

(f) 7

.67

.46

.20

.49

.85

.46

.19

.38

.30

.37

.15

.78

(6

.55)

.35

.15

.72

.48

.33

.14

.63

.02

.68

(f) 0

.25

(f) 3

.34

(f) 7

.72

.58

.25

.38

.76

.55

.25

.24

.18

.49

.25

.69

(6

.61)

.46

.25

.63

.32

.45

.25

.53

.13

12,578

.27

(f) 0

.10

(f) 3

.50

(f) 7

.84

11,866

.37

.10

.69

.91

10,985

.38

.10

.48

.34

13,663

.33

.10

.83

(6

.56)

15,247

.30

.10

.78

.58

15,514

.29

.10

.67

.00

19,909

.51

(f) 0

.35

(f) 3

.24

(f) 7

.56

20,003

.61

.35

.46

.65

18,842

.63

.35

.23

.08

17,310

.58

.35

.57

(6

.71)

20,443

.55

.35

.51

.23

26,139

.54

.35

.43

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

16.2 Lifestyle Conservative

Class A:

11/30/25

(e) $

.94

$

.16

$

.91

$

.07

$

(0

.16)

$

—

$

(0

.16)

$

.85

5/31/25

.44

.36

.53

.89

(0

.39)

—

(0

.39)

.94

5/31/24

.47

.33

.98

.31

(0

.34)

—

(0

.34)

.44

5/31/23

.18

.26

(0

.27)

(0

.01)

(0

.32)

(0

.38)

(0

.70)

.47

5/31/22

.22

.20

(1

.29)

(1

.09)

(0

.32)

(0

.63)

(0

.95)

.18

5/31/21

.55

.18

.10

.28

(0

.28)

(0

.33)

(0

.61)

.22

Class I:

11/30/25

(e) 12

.96

.18

.91

.09

(0

.17)

—

(0

.17)

.88

5/31/25

.46

.39

.53

.92

(0

.42)

—

(0

.42)

.96

5/31/24

.49

.35

.98

.33

(0

.36)

—

(0

.36)

.46

5/31/23

.20

.29

(0

.28)

.01

(0

.34)

(0

.38)

(0

.72)

.49

5/31/22

.25

.22

(1

.30)

(1

.08)

(0

.34)

(0

.63)

(0

.97)

.20

5/31/21

.57

.21

.10

.31

(0

.30)

(0

.33)

(0

.63)

.25

Premier Class:

11/30/25

(e) 12

.99

.18

.89

.07

(0

.17)

—

(0

.17)

.89

5/31/25

.47

.35

.56

.91

(0

.39)

—

(0

.39)

.99

5/31/24

.50

.34

.98

.32

(0

.35)

—

(0

.35)

.47

5/31/23

.21

.28

(0

.28)

—

(0

.33)

(0

.38)

(0

.71)

.50

5/31/22

.26

.22

(1

.30)

(1

.08)

(0

.34)

(0

.63)

(0

.97)

.21

5/31/21

.58

.20

.11

.31

(0

.30)

(0

.33)

(0

.63)

.26

Class R6:

11/30/25

(e) 12

.97

.18

.91

.09

(0

.18)

—

(0

.18)

.88

5/31/25

.47

.40

.52

.92

(0

.42)

—

(0

.42)

.97

5/31/24

.49

.36

.99

.35

(0

.37)

—

(0

.37)

.47

5/31/23

.21

.30

(0

.29)

.01

(0

.35)

(0

.38)

(0

.73)

.49

5/31/22

.25

.24

(1

.29)

(1

.05)

(0

.36)

(0

.63)

(0

.99)

.21

5/31/21

.57

.22

.11

.33

(0

.32)

(0

.33)

(0

.65)

.25

Retirement Class:

11/30/25

(e) 12

.95

.17

.90

.07

(0

.16)

—

(0

.16)

.86

5/31/25

.45

.37

.52

.89

(0

.39)

—

(0

.39)

.95

5/31/24

.48

.33

.98

.31

(0

.34)

—

(0

.34)

.45

5/31/23

.19

.27

(0

.28)

(0

.01)

(0

.32)

(0

.38)

(0

.70)

.48

5/31/22

.23

.20

(1

.29)

(1

.09)

(0

.32)

(0

.63)

(0

.95)

.19

5/31/21

.55

.19

.10

.29

(0

.28)

(0

.33)

(0

.61)

.23

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are at NAV and do not include any sales charge. Total returns are not annualized.

(d) The Fund's ratios do not include the expenses or income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

.31

%

$

207,104

.43

%

(f) 0

.39

%

(f) 2

.42

%

(f) 9

%

.20

198,620

.47

.40

.83

.58

200,324

.45

.37

.77

.11

201,363

.44

.37

.30

(8

.25)

224,733

.43

.36

.49

.40

244,655

.44

.37

.36

.48

3,385

.20

(f) 0

.17

(f) 2

.64

(f) 9

.43

3,022

.24

.18

.05

.75

3,377

.28

.20

.94

.29

3,076

.27

.20

.48

(8

.09)

3,876

.26

.20

.62

.57

7,122

.26

.20

.54

.29

.39

(f) 0

.25

(f) 2

.57

(f) 9

.39

.45

.25

.70

.69

.36

.25

.89

.23

.34

.25

.43

(8

.14)

.32

.25

.60

.49

774

.32

.25

.48

.45

63,136

.14

(f) 0

.10

(f) 2

.71

(f) 9

.50

57,012

.17

.10

.14

.96

56,552

.18

.10

.05

.31

51,084

.17

.10

.57

(7

.99)

55,791

.16

.10

.77

.77

53,420

.17

.10

.63

.33

51,901

.39

(f) 0

.35

(f) 2

.46

(f) 9

.24

49,778

.42

.35

.88

.60

48,781

.43

.35

.80

.13

47,413

.42

.35

.32

(8

.17)

56,686

.41

.35

.50

.44

63,022

.41

.34

.39

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

16.3 Lifestyle Moderate

Class A:

11/30/25

(e) $

15.11 $

0.13 $

1.48 $

1.61 $

(0.13)

$

—

$

(0.13)

$

16.59 5/31/25

14.39 0.34 0.79 1.13 (0.37)

(0.04)

(0.41)

15.11 5/31/24

12.77 0.31 1.65 1.96 (0.34)

—

(0.34)

14.39 5/31/23

13.71 0.27 (0.31)

(0.04)

(0.29)

(0.61)

(0.90)

12.7 7

5/31/22

16.64 0.23 (1.70)

(1.47)

(0.44)

(1.02)

(1.46)

13.71 5/31/21

13.82 0.20 3.46 3.66 (0.34)

(0.50)

(0.84)

16.64 Class I:

11/30/25

(e) 15.14 0.15 1.48 1.63 (0.14)

—

(0.14)

16.63 5/31/25

14.42 0.37 0.79 1.16 (0.40)

(0.04)

(0.44)

15.14 5/31/24

12.80 0.35 1.63 1.98 (0.36)

—

(0.36)

14.42 5/31/23

13.74 0.30 (0.31)

(0.01)

(0.32)

(0.61)

(0.93)

12.80 5/31/22

16.67 0.26 (1.70)

(1.44)

(0.47)

(1.02)

(1.49)

13.74 5/31/21

13.84 0.23 3.47 3.70 (0.37)

(0.50)

(0.87)

16.67 Premier Class:

11/30/25

(e) 15.24 0.14 1.49 1.63 (0.13)

—

(0.13)

16.74 5/31/25

14.47 0.29 0.87 1.16 (0.35)

(0.04)

(0.39)

15.24 5/31/24

12.84 0.33 1.66 1.99 (0.36)

—

(0.36)

14.47 5/31/23

13.78 0.28 (0.30)

(0.02)

(0.31)

(0.61)

(0.92)

12.84 5/31/22

16.72 0.26 (1.72)

(1.46)

(0.46)

(1.02)

(1.48)

13.78 5/31/21

13.87 0.23 3.48 3.71 (0.36)

(0.50)

(0.86)

16.72 Class R6:

11/30/25

(e) 15.15 0.16 1.48 1.64 (0.15)

—

(0.15)

16.64 5/31/25

14.43 0.39 0.79 1.18 (0.42)

(0.04)

(0.46)

15.15 5/31/24

12.80 0.36 1.65 2.01 (0.38)

—

(0.38)

14.43 5/31/23

13.74 0.30 (0.30)

—

(0.33)

(0.61)

(0.94)

12.80 5/31/22

16.68 0.28 (1.71)

(1.43)

(0.49)

(1.02)

(1.51)

13.74 5/31/21

13.84 0.25 3.47 3.72 (0.38)

(0.50)

(0.88)

16.68 Retirement Class:

11/30/25

(e) 15.12 0.13 1.48 1.61 (0.13)

—

(0.13)

16.60 5/31/25

14.40 0.34 0.80 1.14 (0.38)

(0.04)

(0.42)

15.12 5/31/24

12.78 0.32 1.64 1.96 (0.34)

—

(0.34)

14.40 5/31/23

13.72 0.27 (0.30)

(0.03)

(0.30)

(0.61)

(0.91)

12.78 5/31/22

16.65 0.23 (1.70)

(1.47)

(0.44)

(1.02)

(1.46)

13.72 5/31/21

13.82 0.21 3.47 3.68 (0.35)

(0.50)

(0.85)

16.65 (a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are at NAV and do not include any sales charge. Total returns are not annualized.

(d) The Fund's ratios do not include the expenses or income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

10.67 %

$

378,255

0.42 %

(f) 0.40 %

(f) 1.64 %

(f) 10

%

7.90 354,540

0.45 0.41 2.26 14

15.55 350,208

0.43 0.36 2.33 15

0.09 333,435

0.42 0.33 2.09 19

(9.78)

367,073

0.41 0.36 1.46 21

27.02 410,533

0.42 0.36 1.32 47

10.83 7,072

0.20 (f) 0.17 (f) 1.86 (f) 10

8.13 6,668

0.22 0.18 2.49 14

15.72 7,868

0.25 0.18 2.56 15

0.30 7,294

0.23 0.14 2.31 19

(9.60)

10,895

0.22 0.18 1.64 21

27.29 13,719

0.23 0.17 1.50 47

10.77 28

0.43 (f) 0.25 (f) 1.79 (f) 10

8.07 25

0.39 0.25 1.91 14

15.68 289

0.32 0.24 2.46 15

0.20 257

0.31 0.22 2.21 19

(9.64)

0.30 0.25 1.60 21

27.22 689

0.31 0.24 1.45 47

10.87 89,901

0.13 (f) 0.10 (f) 1.93 (f) 10

8.21 77,519

0.14 0.10 2.60 14

15.90 88,282

0.15 0.09 2.63 15

0.38 68,231

0.15 0.06 2.36 19

(9.58)

76,453

0.14 0.10 1.75 21

27.47 77,429

0.15 0.09 1.58 47

10.69 131,019

0.37 (f) 0.35 (f) 1.68 (f) 10

7.95 118,514

0.39 0.35 2.31 14

15.56 116,313

0.40 0.34 2.36 15

0.12 105,238

0.40 0.31 2.11 19

(9.77)

114,335

0.39 0.35 1.48 21

27.12 121,361

0.40 0.34 1.35 47

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

16.4 Lifestyle Growth

Class A:

11/30/25

(e) $

.71

$

.07

$

.17

$

.24

$

—

$

—

$

—

$

.95

5/31/25

.71

.28

.16

.44

(0

.34)

(0

.10)

(0

.44)

.71

5/31/24

.23

.28

.52

.80

(0

.32)

—

(0

.32)

.71

5/31/23

.24

.23

(0

.19)

.04

(0

.23)

(0

.82)

(1

.05)

.23

5/31/22

.87

.22

(1

.94)

(1

.72)

(0

.56)

(1

.35)

(1

.91)

.24

5/31/21

.79

.18

.97

.15

(0

.37)

(0

.70)

(1

.07)

.87

Class I:

11/30/25

(e) 17

.84

.10

.17

.27

—

—

—

.11

5/31/25

.81

.32

.18

.50

(0

.37)

(0

.10)

(0

.47)

.84

5/31/24

.31

.31

.54

.85

(0

.35)

—

(0

.35)

.81

5/31/23

.33

.26

(0

.20)

.06

(0

.26)

(0

.82)

(1

.08)

.31

5/31/22

.96

.26

(1

.94)

(1

.68)

(0

.60)

(1

.35)

(1

.95)

.33

5/31/21

.86

.22

.98

.20

(0

.40)

(0

.70)

(1

.10)

.96

Premier Class:

11/30/25

(e) 17

.92

.09

.19

.28

—

—

—

.20

5/31/25

.86

.20

.28

.48

(0

.32)

(0

.10)

(0

.42)

.92

5/31/24

.35

.30

.55

.85

(0

.34)

—

(0

.34)

.86

5/31/23

.36

.25

(0

.20)

.05

(0

.24)

(0

.82)

(1

.06)

.35

5/31/22

.97

.26

(1

.93)

(1

.67)

(0

.59)

(1

.35)

(1

.94)

.36

5/31/21

.87

.20

.99

.19

(0

.39)

(0

.70)

(1

.09)

.97

Class R6:

11/30/25

(e) 17

.85

.10

.19

.29

—

—

—

.14

5/31/25

.83

.34

.17

.51

(0

.39)

(0

.10)

(0

.49)

.85

5/31/24

.33

.32

.55

.87

(0

.37)

—

(0

.37)

.83

5/31/23

.34

.27

(0

.19)

.08

(0

.27)

(0

.82)

(1

.09)

.33

5/31/22

.98

.27

(1

.94)

(1

.67)

(0

.62)

(1

.35)

(1

.97)

.34

5/31/21

.87

.23

.99

.22

(0

.41)

(0

.70)

(1

.11)

.98

Retirement Class:

11/30/25

(e) 17

.75

.08

.17

.25

—

—

—

.00

5/31/25

.74

.29

.17

.46

(0

.35)

(0

.10)

(0

.45)

.75

5/31/24

.26

.28

.53

.81

(0

.33)

—

(0

.33)

.74

5/31/23

.27

.24

(0

.20)

.04

(0

.23)

(0

.82)

(1

.05)

.26

5/31/22

.90

.22

(1

.93)

(1

.71)

(0

.57)

(1

.35)

(1

.92)

.27

5/31/21

.81

.18

.98

.16

(0

.37)

(0

.70)

(1

.07)

.90

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are at NAV and do not include any sales charge. Total returns are not annualized.

(d) The Fund's ratios do not include the expenses or income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

.65

%

$

211,529

.44

%

(f) 0

.40

%

(f) 0

.78

%

(f) 11

%

.63

194,789

.49

.41

.61

.91

194,578

.46

.31

.80

.71

175,919

.46

.29

.64

(10

.17)

190,045

.44

.34

.25

.45

212,617

.46

.37

.05

.72

4,454

.22

(f) 0

.18

(f) 1

.00

(f) 11

.94

4,414

.24

.17

.82

.15

4,432

.29

.13

.98

.85

3,807

.27

.11

.82

(10

.00)

5,138

.25

.16

.44

.72

7,976

.26

.17

.28

.72

.39

(f) 0

.25

(f) 0

.93

(f) 11

.77

.41

.25

.14

.09

.36

.18

.94

.78

.34

.18

.78

(9

.93)

.32

.23

.41

.62

2,022

.33

.24

.18

.83

59,204

.14

(f) 0

.10

(f) 1

.08

(f) 11

.98

48,786

.18

.10

.96

.24

50,686

.19

.03

.04

.01

43,616

.18

.01

.91

(9

.96)

47,024

.16

.08

.50

.87

48,422

.18

.09

.34

.68

60,416

.39

(f) 0

.35

(f) 0

.83

(f) 11

.71

56,152

.42

.35

.69

.90

56,207

.44

.28

.84

.73

48,701

.43

.26

.67

(10

.12)

56,946

.41

.33

.26

.51

59,232

.43

.34

.07

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

16.5 Lifestyle Aggressive Growth

Class A:

11/30/25

(e) $

20.47 $

(0.01)

$

3.00 $

2.99 $

—

$

—

$

—

$

23.46 5/31/25

19.20 0.19 1.61 1.80 (0.28)

(0.25)

(0.53)

20.47 5/31/24

15.69 0.20 3.58 3.78 (0.27)

(0.00)

(g) (0.27)

19.20 5/31/23

16.91 0.17 (0.07)

0.10 (0.25)

(1.07)

(1.32)

15.69 5/31/22

21.19 0.21 (2.19)

(1.98)

(0.64)

(1.66)

(2.30)

16.91 5/31/21

15.46 0.14 6.61 6.75 (0.45)

(0.57)

(1.02)

21.19 Class I:

11/30/25

(e) 20.63 0.02 3.03 3.05 —

—

—

23.68 5/31/25

19.34 0.24 1.61 1.85 (0.31)

(0.25)

(0.56)

20.63 5/31/24

15.80 0.23 3.61 3.84 (0.30)

(0.00)

(g) (0.30)

19.34 5/31/23

17.03 0.21 (0.09)

0.12 (0.28)

(1.07)

(1.35)

15.80 5/31/22

21.32 0.26 (2.21)

(1.95)

(0.68)

(1.66)

(2.34)

17.03 5/31/21

15.55 0.18 6.64 6.82 (0.48)

(0.57)

(1.05)

21.32 Premier Class:

11/30/25

(e) 20.83 0.01 3.05 3.06 —

—

—

23.89 5/31/25

19.40 0.05 1.81 1.86 (0.18)

(0.25)

(0.43)

20.83 5/31/24

15.86 0.22 3.62 3.84 (0.30)

(0.00)

(g) (0.30)

19.40 5/31/23

17.08 0.20 (0.08)

0.12 (0.27)

(1.07)

(1.34)

15.86 5/31/22

21.37 0.24 (2.20)

(1.96)

(0.67)

(1.66)

(2.33)

17.08 5/31/21

15.59 0.18 6.64 6.82 (0.47)

(0.57)

(1.04)

21.37 Class R6:

11/30/25

(e) 20.64 0.03 3.02 3.05 —

—

—

23.69 5/31/25

19.34 0.27 1.62 1.89 (0.34)

(0.25)

(0.59)

20.64 5/31/24

15.81 0.25 3.60 3.85 (0.32)

(0.00)

(g) (0.32)

19.34 5/31/23

17.03 0.22 (0.08)

0.14 (0.29)

(1.07)

(1.36)

15.81 5/31/22

21.32 0.26 (2.19)

(1.93)

(0.70)

(1.66)

(2.36)

17.03 5/31/21

15.55 0.20 6.64 6.84 (0.50)

(0.57)

(1.07)

21.32 Retirement Class:

11/30/25

(e) 20.53 (0.00)

(g) 3.00 3.00 —

—

—

23.53 5/31/25

19.24 0.21 1.62 1.83 (0.29)

(0.25)

(0.54)

20.53 5/31/24

15.73 0.20 3.59 3.79 (0.28)

(0.00)

(g) (0.28)

19.24 5/31/23

16.95 0.18 (0.08)

0.10 (0.25)

(1.07)

(1.32)

15.73 5/31/22

21.23 0.22 (2.19)

(1.97)

(0.65)

(1.66)

(2.31)

16.95 5/31/21

15.49 0.15 6.62 6.77 (0.46)

(0.57)

(1.03)

21.23 (a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are at NAV and do not include any sales charge. Total returns are not annualized.

(d) The Fund's ratios do not include the expenses or income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

(g) Value rounded to zero.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

14.61 %

$

132,780

0.46 %

(f) 0.42 %

(f) (0.09)

%

(f) 13

%

9.37 120,057

0.51 0.43 0.98 16

24.30 118,311

0.49 0.39 1.13 12

1.17 102,309

0.49 0.35 1.10 21

(10.59)

106,104

0.48 0.32 1.04 30

44.41 117,922

0.50 0.38 0.78 56

14.78 5,767

0.23 (f) 0.18 (f) 0.15 (f) 13

9.59 5,295

0.28 0.20 1.22 16

24.55 5,423

0.30 0.20 1.34 12

1.33 4,908

0.29 0.15 1.31 21

(10.40)

6,248

0.28 0.13 1.28 30

44.68 9,163

0.30 0.18 0.98 56

14.69 29

0.60 (f) 0.25 (f) 0.08 (f) 13

9.59 26

0.38 0.25 0.25 16

24.39 389

0.37 0.25 1.28 12

1.29 320

0.36 0.22 1.27 21

(10.43)

0.35 0.20 1.21 30

44.54 427

0.37 0.23 0.95 56

14.78 61,275

0.15 (f) 0.10 (f) 0.23 (f) 13

9.76 52,407

0.19 0.10 1.34 16

24.58 63,319

0.21 0.10 1.45 12

1.46 51,862

0.20 0.05 1.40 21

(10.32)

50,497

0.19 0.04 1.28 30

44.79 45,923

0.21 0.08 1.08 56

14.61 74,554

0.40 (f) 0.35 (f) (0.02)

(f) 13

9.49 65,410

0.44 0.35 1.05 16

24.29 60,408

0.45 0.35 1.18 12

1.20 52,655

0.45 0.31 1.16 21

(10.54)

56,152

0.44 0.29 1.08 30

44.47 65,640

0.45 0.33 0.82 56

Financial Highlights

(continued)

See Notes to Financial Statements

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized/

Unrealized

Gain (Loss)

(b) Total

From Net

Investment

Income

From Net

Realized

Gains

Total

Net Asset

Value,

End of

Period

18.1 Managed Allocation

Class A:

11/30/25

(e) $

.78

$

.12

$

.25

$

.37

$

(0

.12)

$

—

$

(0

.12)

$

.03

5/31/25

.32

.31

.67

.98

(0

.34)

(0

.18)

(0

.52)

.78

5/31/24

.93

.28

.41

.69

(0

.30)

—

(0

.30)

.32

5/31/23

.77

.24

(0

.26)

(0

.02)

(0

.25)

(0

.57)

(0

.82)

.93

5/31/22

.51

.22

(1

.46)

(1

.24)

(0

.41)

(1

.09)

(1

.50)

.77

5/31/21

.36

.20

.07

.27

(0

.33)

(0

.79)

(1

.12)

.51

Class R6:

11/30/25

(e) 12

.72

.14

.23

.37

(0

.13)

—

(0

.13)

.96

5/31/25

.26

.34

.67

.01

(0

.37)

(0

.18)

(0

.55)

.72

5/31/24

.88

.31

.40

.71

(0

.33)

—

(0

.33)

.26

5/31/23

.73

.26

(0

.26)

—

(0

.28)

(0

.57)

(0

.85)

.88

5/31/22

.46

.25

(1

.45)

(1

.20)

(0

.44)

(1

.09)

(1

.53)

.73

5/31/21

.32

.23

.07

.30

(0

.37)

(0

.79)

(1

.16)

.46

Retirement Class:

11/30/25

(e) 12

.70

.12

.24

.36

(0

.12)

—

(0

.12)

.94

5/31/25

.24

.30

.68

.98

(0

.34)

(0

.18)

(0

.52)

.70

5/31/24

.87

.28

.39

.67

(0

.30)

—

(0

.30)

.24

5/31/23

.71

.24

(0

.26)

(0

.02)

(0

.25)

(0

.57)

(0

.82)

.87

5/31/22

.44

.21

(1

.45)

(1

.24)

(0

.40)

(1

.09)

(1

.49)

.71

5/31/21

.31

.20

.05

.25

(0

.33)

(0

.79)

(1

.12)

.44

(a) Based on average shares outstanding.

(b) Short-term and long-term capital gain distributions received from the underlying Funds are presented in net realized and unrealized gain (loss) on total investments

for all periods presented.

(c) Total returns are at NAV and do not include any sales charge. Total returns are not annualized.

(d) The Fund's ratios do not include the expenses or income of the Underlying Funds.

(e) Unaudited

(f) Annualized.

See Notes to Financial Statements

Ratios and Supplemental Data

Ratios to Average Net Assets

Total

Return

(c) Net Assets,

End of

Period (000)

Gross

Expenses

(d) Net

Expenses

(d) Net

Investment

Income (Loss)

(d) Portfolio

Turnover

Rate

.74

%

$

850,971

.30

%

(f) 0

.25

%

(f) 1

.78

%

(f) 9

%

.05

794,626

.31

.25

.41

.70

789,834

.32

.25

.44

.20

734,814

.32

.25

.17

(9

.69)

790,563

.31

.23

.59

.20

918,856

.31

.25

.48

.84

20,875

.01

(f) 0.00 (f) 2

.03

(f) 9

.37

18,757

.03

0.00 2

.66

.97

18,769

.03

0.00 2

.68

.39

18,493

.03

0.00 2

.40

(9

.45)

24,214

.03

0.00 1

.84

.52

24,885

.02

0.00 1

.71

.72

66,466

.26

(f) 0

.25

(f) 1

.78

(f) 9

.10

63,469

.28

.25

.40

.60

72,504

.28

.25

.44

.21

69,526

.28

.25

.18

(9

.70)

73,347

.28

.25

.56

.15

88,693

.27

.25

.48

Notes to Financial Statements

(Unaudited)

1. General Information

Trust and Fund Information:

TIAA-CREF Funds (the "Trust") is an open-end management investment company registered under the

Investment Company Act of 1940 ("1940 Act"), as amended. The Trust is comprised of the following (collectively the "Funds" or

individually, the "Fund"), among others:

Current Fiscal Period:

The end of the reporting period for the Funds is November 30, 2025, and the period covered by these Notes to

Financial Statements is the six months ended November 30, 2025 (the "current fiscal period").

Investment Adviser:

Teachers Advisors, LLC (the "Adviser"), a wholly owned indirect subsidiary of Teachers Insurance and Annuity

Association of America ("TIAA"), is registered with the Securities and Exchange Commission ("SEC") as an investment adviser and

provides investment management services for the Funds.

Share Classes and Sales Charges:

Each Fund is a "fund of funds" that diversifies its assets by investing in Class I or Class R6 shares

of other Nuveen mutual funds and potentially other investment pools or investment products including other funds or exchange-traded

funds ("ETFs") advised by the Adviser or its affiliates. The Funds offer Class A, Class I, Premier Class, Class R6 and Retirement Class

shares. Each class differs by the allocation of class-specific expenses and voting rights in matters affecting a single class. The Funds

offer their shares through their principal underwriter, Nuveen Securities, LLC ("Nuveen Securities"), which is a wholly owned indirect

subsidiary of TIAA.

Class A Shares are generally sold with an up-front sales charge. Class A Shares purchases of $1 million or more are sold at net

asset value ("NAV") without an up-front sales charge but may be subject to a contingent deferred sales charge ("CDSC") of 1% if

redeemed within eighteen months of purchase. Class I, Premier Class, Class R6 and Retirement Class shares are sold without an

up-front sales charge.

2. Significant Accounting Policies

The accompanying financial statements were prepared in accordance with accounting principles generally accepted in the United

States of America ("U.S. GAAP"), which may require the use of estimates made by management and the evaluation of subsequent

events. Actual results may differ from those estimates. The Funds are investment companies and follow the accounting guidance

in the Financial Accounting Standards Board ("FASB") Accounting Standards Codification 946, Financial Services — Investment

Companies. The NAV for financial reporting purposes may differ from the NAV for processing security and common share transactions.

The NAV for financial reporting purposes includes security and common share transactions through the date of the report. Total return

is computed based on the NAV used for processing security and common share transactions. The following is a summary of the

significant accounting policies consistently followed by the Funds.

Compensation:

The Funds pay the members of the Board of Trustees ("Board") all of whom are independent, certain remuneration

for their services, plus travel and other expenses. The Board has adopted a deferred compensation plan for independent trustees

that enables trustees to elect to defer receipt of all or a portion of the annual compensation they are entitled to receive from

certain Nuveen-advised funds. Under the plan, deferred amounts are treated as though equal dollar amounts had been invested in

shares of select Nuveen-advised funds. Amounts deferred are retained by the Funds until paid. Amounts payable to the trustees for

compensation are included separately in the accompanying Statement of Assets and Liabilities. Trustees' fees, including any deferred

compensation incurred, are reflected in the Statement of Operations.

Distributions to Shareholders:

Distributions to shareholders are recorded on the ex-dividend date. The amount, character and timing of

distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP.

Fund Name

Short Name

Nuveen Lifestyle Income Fund

Lifestyle Income

Nuveen Lifestyle Conservative Fund

Lifestyle Conservative

Nuveen Lifestyle Moderate Fund

Lifestyle Moderate

Nuveen Lifestyle Growth Fund

Lifestyle Growth

Nuveen Lifestyle Aggressive Growth Fund

Lifestyle Aggressive Growth

Nuveen Managed Allocation Fund

Managed Allocation

Indemnifications:

Under the Trust's organizational documents, its officers and trustees are indemnified against certain liabilities

arising out of the performance of their duties to the Trust. In addition, in the normal course of business, the Trust enters into

contracts that provide general indemnifications to other parties. The Trust's maximum exposure under these arrangements is

unknown as this would involve future claims that may be made against the Trust that have not yet occurred. However, the Trust has

not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

Investments and Investment Income:

Securities transactions are accounted for as of the trade date for financial reporting purposes.

Interest income is recorded on an accrual basis and includes accretion of discounts and amortization of premiums. Dividend income

is recorded on the ex-dividend date. Realized gains and losses on securities transactions are based upon the specific identification

method. Distributions received on securities that represent a return of capital or capital gains are recorded as a reduction of cost of

investments and/or as a realized gain. The Funds estimate the components of distributions received that may be considered return

of capital distributions or capital gain distributions.

Multiclass Operations and Allocations:

Income, expenses, realized gains and losses and unrealized appreciation and depreciation of

a Fund are allocated on a pro rata basis to each class of shares, except for service agreement fees, distribution fees and transfer

agency fees and expenses, which are unique to each class of shares. Most expenses of the Trust can be directly attributed to a

Fund. Expenses that cannot be directly attributed are allocated to each Fund in the Trust based upon the average net assets of each

Fund.

Netting Agreements:

In the ordinary course of business, the Funds may enter into transactions subject to enforceable master

repurchase agreements, International Swaps and Derivatives Association, Inc. (ISDA) master agreements or other similar

arrangements ("netting agreements"). Generally, the right to offset in netting agreements allows each Fund to offset certain

securities and derivatives with a specific counterparty, when applicable, as well as any collateral received or delivered to that

counterparty based on the terms of the agreements. Generally, each Fund manages its cash collateral and securities collateral on a

counterparty basis. With respect to certain counterparties, in accordance with the terms of the netting agreements, collateral posted

to the Funds is held in a segregated account by the Funds' custodian and/or with respect to those amounts which can be sold or

repledged, are presented in the Funds' Portfolio of Investments or Statement of Assets and Liabilities.

The Funds' investments subject to netting agreements as of the end of the current fiscal period, if any, are further described later in

these Notes to Financial Statements.

New Accounting Pronouncement:

In December 2023, the FASB issued Accounting Standard Update ("ASU") No. 2023-09, Income

Taxes (Topic 740) Improvements to Income tax disclosures ("ASU 2023-09"). The primary purpose of the amendments within ASU

2023-09 is to enhance the transparency and decision usefulness of income tax disclosures primarily related to the rate reconciliation

table and income taxes paid information. The amendments in ASU 2023-09 are effective for annual periods beginning after

December 15, 2024. Management is currently evaluating the implications of these changes on the financial statements.

Segment Reporting:

Each Fund represents a single operating segment. The officers of the Funds act as the chief operating decision

maker ("CODM"). The CODM monitors the operating results of each Fund as a whole and is responsible for each Fund's long-term

strategic asset allocation in accordance with the terms of its prospectus, based on a defined investment strategy which is executed

by the Fund's portfolio managers as a team. The financial information in the form of the Fund's portfolio composition, total returns,

expense ratios and changes in net assets (i.e., changes in net assets resulting from operations, subscriptions and redemptions),

which are used by the CODM to assess the segment's performance versus the Fund's comparative benchmarks and to make

resource allocation decisions for the Fund's single segment, is consistent with that presented within the Fund's financial statements.

Segment assets are reflected on the Statement of Assets and Liabilities as "total assets" and significant segment revenues and

expenses are listed on the Statement of Operations.

3. Investment Valuation and Fair Value Measurements

The Funds' investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the

Adviser, subject to the oversight of the Board. Fair value is defined as the price that would be received upon selling an investment

or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the

investment. U.S. GAAP establishes the three-tier hierarchy that is used to maximize the use of observable market data and minimize

the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable

inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market

data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about the

assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information

available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest

rates, credit spreads, etc.).

Notes to Financial Statements

(continued)

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the

fair value of investments).

A description of the valuation techniques applied to the Funds' major classifications of assets and liabilities measured at fair value

follows:

Exchange-traded funds listed or traded on a national market or exchange are valued based on their last reported sales price or

official closing price of such market or exchange on the valuation date. To the extent these securities are actively traded and no

valuation adjustments are applied, they are generally classified as Level 1.

Investments in investment companies are valued at their respective NAVs or share price on the valuation date and are generally

classified as Level 1.

Repurchase agreements are valued at contract amount plus accrued interest, which approximates market value. These securities are

generally classified as Level 2.

The following table summarizes the market value of the Funds' investments as of the end of the current fiscal period, based on the

inputs used to value them:

4. Portfolio Securities

Repurchase Agreements:

In connection with transactions in repurchase agreements, it is the Fund's policy that its custodian take

possession of the underlying collateral securities, the fair value of which exceeds the principal amount of the repurchase transaction,

including accrued interest, at all times. If the counterparty defaults, and the fair value of the collateral declines, realization of the

collateral may be delayed or limited.

The following table presents the repurchase agreements for the Funds that are subject to netting agreements as of the end of

the current fiscal period, and the collateral delivered related to those repurchase agreements.

Fund

Level 1

Level 2

Level 3

Total

Lifestyle Income

Affiliated investment companies

$77,023,073

$—

$—

$77,023,073

Total

$77,023,073

$—

$—

$77,023,073

Lifestyle Conservative

Affiliated investment companies

$325,149,783

$—

$—

$325,149,783

Short-term investments

—

230,000

—

230,000

Total

$325,149,783

$230,000

$—

$325,379,783

Lifestyle Moderate

Affiliated investment companies

$605,770,849

$—

$—

$605,770,849

Short-term investments

—

560,000

—

560,000

Total

$605,770,849

$560,000

$—

$606,330,849

Lifestyle Growth

Affiliated investment companies

$335,354,691

$—

$—

$335,354,691

Short-term investments

—

320,000

—

320,000

Total

$335,354,691

$320,000

$—

$335,674,691

Lifestyle Aggressive Growth

Affiliated investment companies

$274,185,526

$—

$—

$274,185,526

Short-term investments

—

360,000

—

360,000

Total

$274,185,526

$360,000

$—

$274,545,526

Managed Allocation

Affiliated investment companies

$937,620,866

$—

$—

$937,620,866

Short-term investments

—

830,000

—

830,000

Total

$937,620,866

$830,000

$—

$938,450,866

Fund

Counterparty

Short-term Investments,

at Value

Collateral Pledged

(From) Counterparty

Lifestyle Conservative

Fixed Income Clearing Corporation

$

230,000

$

(234,787)

Lifestyle Moderate

Fixed Income Clearing Corporation

560,000

(571,314)

Lifestyle Growth

Fixed Income Clearing Corporation

320,000

(326,407)

Lifestyle Aggressive Growth

Fixed Income Clearing Corporation

360,000

(367,395)

Managed Allocation

Fixed Income Clearing Corporation

830,000

(846,758)

Purchases and Sales:

Long-term purchases and sales during the current fiscal period were as follows:

5. Derivative Investments

Each Fund is authorized to invest in certain derivative instruments. As defined by U.S. GAAP, a derivative is a financial instrument

whose value is derived from an underlying security price, foreign exchange rate, interest rate, index of prices or rates, or other

variables. Investments in derivatives as of the end of and/or during the current fiscal period, if any, are included within the Statement

of Assets and Liabilities and the Statement of Operations, respectively.

Market and Counterparty Credit Risk:

In the normal course of business each Fund may invest in financial instruments and enter into

financial transactions where risk of potential loss exists due to changes in the market (market risk) or failure of the other party to the

transaction to perform (counterparty credit risk). The potential loss could exceed the value of the financial assets recorded on the

financial statements. Financial assets, which potentially expose each Fund to counterparty credit risk, consist principally of cash due

from counterparties on forward, option and swap transactions, when applicable. The extent of each Fund's exposure to counterparty

credit risk in respect to these financial assets approximates their carrying value as recorded on the Statement of Assets and

Liabilities.

Each Fund helps manage counterparty credit risk by entering into agreements only with counterparties the Adviser believes have

the financial resources to honor their obligations and by having the Adviser monitor the financial stability of the counterparties.

Additionally, counterparties may be required to pledge collateral daily (based on the daily valuation of the financial asset) on behalf

of each Fund with a value approximately equal to the amount of any unrealized gain above a pre-determined threshold. Reciprocally,

when each Fund has an unrealized loss, the Funds have instructed the custodian to pledge assets of the Funds as collateral with a

value approximately equal to the amount of the unrealized loss above a pre-determined threshold. Collateral pledges are monitored

and subsequently adjusted if and when the valuations fluctuate, either up or down, by at least the pre-determined threshold amount.

6. Fund Shares

Transactions in Fund shares during the current and prior fiscal period were as follows:

Fund

Non-U.S. Government

Purchases

Non-U.S. Government

Sales

16.1 Lifestyle Income

$

5,668,458

$

7,141,606

16.2 Lifestyle Conservative

28,000,963

32,526,265

16.3 Lifestyle Moderate

56,645,560

62,345,316

16.4 Lifestyle Growth

35,926,081

41,464,929

16.5 Lifestyle Aggressive Growth

33,656,918

37,860,059

18.1 Managed Allocation

82,447,589

105,626,019

Six Months Ended

11/30/25

Year Ended

5/31/25

16.1 Lifestyle Income

Shares

Value

Shares

Value

Subscriptions:

Class A

159,332

$

1,802,862

183,151

$

1,985,318

Class I

8,906

100,993

1,167

12,500

Class R6

143,345

1,601,061

368,979

3,996,067

Retirement Class

56,366

630,343

262,335

2,857,005

Total subscriptions

367,949

4,135,259

815,632

8,850,890

Reinvestments of distributions:

Class A

60,356

672,037

140,597

1,523,472

Class I

–

–

Class R6

19,157

213,359

38,057

412,392

Retirement Class

29,009

322,810

65,460

708,837

Total reinvestments of distributions

108,522

1,208,206

244,123

2,644,803

Redemptions:

Class A

(307,304)

(3,425,914)

(547,043)

(5,922,975)

Class I

(1) (11) (8,378)

(92,450)

Premier Class

–

–

(17,744)

(196,600)

Class R6

(144,395)

(1,610,365)

(354,659)

(3,836,726)

Retirement Class

(168,315)

(1,893,370)

(269,794)

(2,918,541)

Total redemptions

(620,015)

(6,929,660)

(1,197,618)

(12,967,292)

Net increase (decrease) from shareholder transactions

(143,544)

$

(1,586,195)

(137,863)

$

(1,471,599)

Notes to Financial Statements

(continued)

Six Months Ended

11/30/25

Year Ended

5/31/25

16.2 Lifestyle Conservative

Shares

Value

Shares

Value

Subscriptions:

Class A

222,960

$

3,013,445

693,404

$

8,806,056

Class I

19,012

258,934

166,248

2,122,495

Premier Class

10,736

147,521

–

–

Class R6

513,280

6,919,689

865,956

11,149,351

Retirement Class

166,340

2,271,092

619,620

7,946,296

Total subscriptions

932,328

12,610,681

2,345,228

30,024,198

Reinvestments of distributions:

Class A

177,745

2,377,198

465,927

5,951,643

Class I

2,940

39,395

7,929

101,392

Premier Class

1,190

540

Class R6

59,595

798,855

148,939

1,905,139

Retirement Class

46,039

616,157

116,827

1,492,219

Total reinvestments of distributions

286,407

3,832,795

739,664

9,450,933

Redemptions:

Class A

(795,364)

(10,750,883)

(1,913,510)

(24,377,015)

Class I

(11,122)

(148,873)

(211,941)

(2,734,270)

Premier Class

(12,113)

(166,483)

(18,082)

(235,246)

Class R6

(420,207)

(5,686,021)

(1,155,180)

(14,828,231)

Retirement Class

(311,394)

(4,189,941)

(811,250)

(10,394,370)

Total redemptions

(1,550,200)

(20,942,201)

(4,109,963)

(52,569,132)

Net increase (decrease) from shareholder transactions

(331,465)

$

(4,498,725)

(1,025,071)

$

(13,094,001)

Six Months Ended

11/30/25

Year Ended

5/31/25

16.3 Lifestyle Moderate

Shares

Value

Shares

Value

Subscriptions:

Class A

479,148

$

7,592,080

1,515,357

$

22,539,144

Class I

29,744

477,941

116,961

1,745,398

Class R6

625,524

10,048,625

854,003

12,746,059

Retirement Class

475,154

7,587,032

787,248

11,765,946

Total subscriptions

1,609,570

25,705,678

3,273,569

48,796,547

Reinvestments of distributions:

Class A

181,706

2,883,023

645,321

9,630,369

Class I

3,862

61,379

14,108

210,655

Class R6

48,939

778,721

175,706

2,626,837

Retirement Class

63,307

1,005,182

220,746

3,293,954

Total reinvestments of distributions

297,814

4,728,305

1,055,881

15,761,815

Redemptions:

Class A

(1,325,670)

(21,120,986)

(3,033,922)

(45,046,223)

Class I

(48,659)

(785,425)

(236,288)

(3,513,997)

Premier Class

–

–

(18,350)

(278,000)

Class R6

(387,042)

(6,231,525)

(2,032,535)

(30,221,914)

Retirement Class

(484,646)

(7,632,461)

(1,247,870)

(18,478,563)

Total redemptions

(2,246,017)

(35,770,397)

(6,568,965)

(97,538,697)

Net increase (decrease) from shareholder transactions

(338,633)

$

(5,336,414)

(2,239,515)

$

(32,980,335)

Six Months Ended

11/30/25

Year Ended

5/31/25

16.4 Lifestyle Growth

Shares

Value

Shares

Value

Subscriptions:

Class A

158,332

$

3,016,314

485,813

$

8,493,975

Class I

4,170

81,161

62,366

1,105,395

Class R6

387,229

7,377,895

348,520

6,075,392

Retirement Class

109,882

2,112,221

404,713

7,063,293

Total subscriptions

659,613

12,587,591

1,301,412

22,738,055

Reinvestments of distributions:

Class A

–

–

275,024

4,845,923

Class I

–

–

6,138

108,770

Premier Class

–

–

Class R6

–

–

81,712

1,448,747

Retirement Class

–

–

83,697

1,477,248

Total reinvestments of distributions

–

–

446,585

7,880,941

Redemptions:

Class A

(552,667)

(10,500,595)

(1,407,925)

(24,441,595)

Class I

(30,173)

(580,329)

(84,707)

(1,483,424)

Premier Class

–

–

(18,585)

(328,400)

Class R6

(180,059)

(3,471,953)

(709,037)

(12,364,638)

Retirement Class

(252,148)

(4,800,736)

(682,843)

(11,534,295)

Total redemptions

(1,015,047)

(19,353,613)

(2,903,097)

(50,152,352)

Net increase (decrease) from shareholder transactions

(355,434)

$

(6,766,022)

(1,155,100)

$

(19,533,356)

7. Income Tax Information

Each Fund is a separate taxpayer for federal income tax purposes. Each Fund intends to distribute substantially all of its net

investment income and net capital gains to shareholders and otherwise comply with the requirements of Subchapter M of the Internal

Revenue Code applicable to regulated investment companies. Therefore, no federal income tax provision is required.

Each Fund files income tax returns in U.S. federal and applicable state and local jurisdictions. A Fund's federal income tax returns

are generally subject to examination for a period of three fiscal years after being filed. State and local tax returns may be subject to

examination for an additional period of time depending on the jurisdiction. Management has analyzed each Fund's tax positions taken

for all open tax years and has concluded that no provision for income tax is required in the Fund's financial statements.

As of the end of the reporting period, the aggregate cost and the net unrealized appreciation/(depreciation) of all investments for

federal income tax purposes were as follows:

Six Months Ended

11/30/25

Year Ended

5/31/25

16.5 Lifestyle Aggressive Growth

Shares

Value

Shares

Value

Subscriptions:

Class A

124,511

$

2,771,649

318,604

$

6,345,504

Class I

11,236

250,070

27,347

560,859

Class R6

261,208

5,874,389

533,118

10,652,003

Retirement Class

191,129

4,259,561

415,435

8,343,978

Total subscriptions

588,084

13,155,669

1,294,504

25,902,344

Reinvestments of distributions:

Class A

–

–

153,787

3,138,786

Class I

–

–

5,363

110,204

Class R6

–

–

87,088

1,789,658

Retirement Class

–

–

82,937

1,696,887

Total reinvestments of distributions

–

–

329,175

6,735,535

Redemptions:

Class A

(329,978)

(7,348,890)

(769,602)

(15,448,147)

Class I

(24,292)

(519,464)

(56,550)

(1,129,133)

Premier Class

–

–

(18,789)

(380,840)

Class R6

(214,085)

(4,808,325)

(1,354,488)

(27,181,513)

Retirement Class

(209,735)

(4,670,402)

(451,108)

(9,067,265)

Total redemptions

(778,090)

(17,347,081)

(2,650,537)

(53,206,898)

Net increase (decrease) from shareholder transactions

(190,006)

$

(4,191,412)

(1,026,858)

$

(20,569,019)

Six Months Ended

11/30/25

Year Ended

5/31/25

18.1 Managed Allocation

Shares

Value

Shares

Value

Subscriptions:

Class A

658,350

$

8,829,942

1,235,824

$

15,652,450

Class R6

89,358

1,216,227

131,794

1,656,006

Retirement Class

93,342

1,240,713

357,301

4,505,323

Total subscriptions

841,050

11,286,882

1,724,919

21,813,779

Reinvestments of distributions:

Class A

512,574

6,873,843

2,495,441

31,640,731

Class R6

14,634

195,334

65,459

825,489

Retirement Class

41,999

559,959

214,742

2,705,307

Total reinvestments of distributions

569,207

7,629,136

2,775,642

35,171,527

Redemptions:

Class A

(2,706,408)

(36,460,099)

(5,662,271)

(71,419,839)

Class R6

(83,959)

(1,126,006)

(252,888)

(3,167,217)

Retirement Class

(366,374)

(4,832,895)

(1,495,209)

(18,888,954)

Total redemptions

(3,156,741)

(42,419,000)

(7,410,368)

(93,476,010)

Net increase (decrease) from shareholder transactions

(1,746,484)

$

(23,502,982)

(2,909,807)

$

(36,490,704)

Fund

Tax Cost

Gross Unrealized

Appreciation

Gross Unrealized

(Depreciation)

Net Unrealized

Appreciation

(Depreciation)

16.1 Lifestyle Income

$75,731,085

$6,103,884

$(4,811,896)

$1,291,988

16.2 Lifestyle Conservative

299,356,370

47,766,771

(21,743,358)

26,023,413

16.3 Lifestyle Moderate

516,982,423

124,930,256

(35,581,830)

89,348,426

16.4 Lifestyle Growth

261,677,258

90,530,200

(16,532,767)

73,997,433

16.5 Lifestyle Aggressive Growth

195,844,411

88,651,189

(9,950,074)

78,701,115

18.1 Managed Allocation

757,328,744

226,982,848

(45,860,726)

181,122,122

Notes to Financial Statements

(continued)

For purposes of this disclosure, tax cost generally includes the cost of portfolio investments as well as up-front fees or premiums

exchanged on derivatives and any amounts unrealized for income statement reporting but realized income and/or capital gains for tax

reporting, if applicable.

As of prior fiscal period end, the components of accumulated earnings on a tax basis were as follows:

As of prior fiscal period end, the Funds had capital loss carryforwards, which will not expire:

8. Management Fees and Other Transactions with Affiliates

Management Fees:

Under the terms of its Investment Management Agreement, each Fund (except for Managed Allocation) pays the

Adviser a monthly fee based on the annual rate of 0.10% of the Fund's average daily net assets for the management of the Fund's

investment portfolio. The Funds have entered into an Administrative Service Agreement with the Adviser under which the Funds pay

the Adviser for its costs in providing certain administrative and compliance services to the Funds. The Adviser has agreed to gradually

reduce expenses allocated to the Funds under the Administrative Services Agreement over a three-year period commencing May 1,

2024. After the expiration of this three-year period, the Adviser will no longer allocate expenses to the Funds under the Administrative

Services Agreement.

Under the terms of Retirement Class Service Agreements with respect to each Fund, the Retirement Class of the Fund incurs an

annual fee of 0.25% of the daily net assets, payable monthly to TIAA, on behalf of Retirement Class shares of the Fund held by or

through TIAA by its clients, or the Adviser, on behalf of all other Retirement Class shares, for certain administrative costs associated

with the maintenance of Retirement Class shares on retirement plan or other platforms. Substantially all of the Retirement Class

shareholder servicing fees reported on the Statement of Operations are paid to TIAA or the Adviser, respectively, under the Service

Agreements.

Under the terms of a distribution Rule 12b-1 plan, Class A shares of each Fund compensates Nuveen Securities for providing

distribution, promotional and/or shareholder services to Class A shares of the Fund at the annual rate of 0.25% of the average daily

net assets attributable to the Fund's Class A shares. The Premier Class of each Fund is subject to a distribution Rule 12b-1 plan that

compensates Nuveen Securities for providing distribution, promotional and/or shareholder services to the Premier Class of the Fund

at the annual rate of 0.15% of the average daily net assets attributable to the Fund's Premier Class shares.

The Adviser has agreed to reimburse each Fund if its total expense ratio (excluding interest, taxes, brokerage commissions and other

transactional expenses, acquired fund fees and expenses and extraordinary expenses) exceeds certain percentages. As of the end

of the current fiscal period, the investment management fee and maximum expense amounts (after waivers and reimbursements) are

equal to the following noted annual percentage of average daily net assets for each class:

Fund

Undistributed

Ordinary

Income

Undistributed

Long-Term

Capital Gains

Unrealized

Appreciation

(Depreciation)

Capital Loss

Carryforwards

Late-Year

Loss Deferrals

Other

Book-to-Tax

Differences

Total

16.1 Lifestyle Income

$391,104

$–

$(1,254,029)

$(967,525)

$–

$(7,022)

$(1,837,472)

16.2 Lifestyle Conservative

1,151,569

3,115,561

9,874,664

–

–

(19,127)

14,122,667

16.3 Lifestyle Moderate

1,296,564

9,765,963

49,145,900

–

–

(28,754)

60,179,673

16.4 Lifestyle Growth

977,330

7,655,225

46,393,135

–

–

(14,586)

55,011,104

16.5 Lifestyle Aggressive Growth

–

8,283,777

51,558,256

–

(132,638)

(10,697)

59,698,698

18.1 Managed Allocation

2,808,382

17,451,835

120,308,936

–

–

(161,639)

140,407,514

Fund

Short-Term

Long-Term

Total

16.1 Lifestyle Income

$440,202

$527,323

$967,525

16.2 Lifestyle Conservative

–

–

–

16.3 Lifestyle Moderate

–

–

–

16.4 Lifestyle Growth

–

–

–

16.5 Lifestyle Aggressive Growth

–

–

–

18.1 Managed Allocation

–

–

–

Maximum Expense Amounts‡

Fund

Class A

Class I

Premier Class

Class R6

Retirement

Class

16.1 Lifestyle Income

0.450 %

0.250 %

0.250 %

0.100 %

0.350 %

16.2 Lifestyle Conservative

0.450 0.250 0.250 0.100 0.350 16.3 Lifestyle Moderate

0.450 0.250 0.250 0.100 0.350 16.4 Lifestyle Growth

0.450 0.250 0.250 0.100 0.350 16.5 Lifestyle Aggressive Growth

0.450 0.250 0.250 0.100 0.350 18.1 Managed Allocation

0.250 –

–

–

0.250 35

The Funds are permitted to purchase or sell securities from or to certain other funds or accounts managed by the Adviser or by an

affiliate of the Adviser (each an, "Affiliated Entity") under specified conditions outlined in procedures adopted by the Board ("cross-

trade"). These procedures have been designed to ensure that any cross-trade of securities by the Fund from or to an Affiliated Entity

by virtue of having a common investment adviser (or affiliated investment adviser), common officer and/or common trustee complies

with Rule 17a-7 under the 1940 Act. These transactions are affected at the current market price (as provided by an independent

pricing service) without incurring broker commissions. During the current fiscal period, the Funds engaged in the following security

transactions with affiliated entities:

During the current fiscal period, the Distributor, collected sales charges on purchases of Class A Shares, the majority of which were

paid out as concessions to financial intermediaries as follows:

The Distributor also collected and retained CDSC on share redemptions during the current fiscal period, as follows:

Affiliated Investment Companies:

Investments in other investment companies advised by the Adviser and Nuveen Fund Advisors, LLC

are deemed to be affiliated investments. A complete schedule of the portfolio holdings for each of the affiliated investments is filed

with the SEC for the first and third quarters of each fiscal year on Form N-PORT and is available on the SEC's website at www.sec.gov.

A copy of the annual report, semi-annual report and financial statements is available for each of the affiliated investments at https://

www.nuveen.com/en-us/mutual-funds/prospectuses, https://www.nuveen.com/en-us/exchange-traded-funds/prospectus or, or upon

request by calling (800) 842-2252. Information regarding transactions with affiliated investment companies is as follows:

‡

Maximum expense amounts reflect all expenses excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired fund fees and expenses and

extraordinary expenses. The expense reimbursement arrangements will continue through at least September 30, 2026. The reimbursement arrangements can only be

changed with the approval of the Board.

Fund

Purchases

Sales

Realized Gain (Loss)

Lifestyle Income

$

354,783

$

5,138

$

(45) Lifestyle Conservative

3,010,835

35,358

8,987

Lifestyle Moderate

8,460,035

63,650

15,688

Lifestyle Growth

6,151,196

61,220

16,679

Lifestyle Aggressive Growth

6,242,621

26,617

6,663

Managed Allocation

13,009,978

214,401

38,365

Fund

Sales Charges Collected

Paid to Financial

Intermediaries

Lifestyle Income

$

$

Lifestyle Conservative

1,853

1,645

Lifestyle Moderate

3,566

3,105

Lifestyle Growth

1,565

1,362

Lifestyle Aggressive Growth

794

690

Managed Allocation

1,991

1,738

Fund

CDSC

Retained

Lifestyle Income

$

—

Lifestyle Conservative

—

Lifestyle Moderate

Lifestyle Growth

Lifestyle Aggressive Growth

—

Managed Allocation

—

Notes to Financial Statements

(continued)

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifestyle Income

Nuveen Funds:

Core Bond, Class R6

$

14,969,883

$

766,295

$

782,120

$

(105,721)

$

550,151

$

15,398,488

$

332,698

Core Equity, Class R6

1,497,669

66,336

429,248

48,715

177,199

1,360,671

6,755

Core Plus Bond, Class R6

14,969,726

714,333

708,307

(100,217)

510,210

15,385,745

349,984

Dividend Growth, Class R6

1,500,988

188,188

172,611

7,103

114,387

1,638,055

8,649

Dividend Value, Class R6

1,472,935

116,674

291,576

10,878

176,673

1,485,584

10,224

Emerging Markets Equity, Class R6

918,059

71,483

242,536

35,993

161,584

944,583

–

Growth Opportunities ETF

1,735,304

–

420,713

111,369

193,207

1,619,167

–

International Equity, Class R6

2,310,295

74,213

1,206,641

426,527

(159,313)

1,445,081

–

International Opportunities, Class R6

1,382,574

250,474

170,298

13,920

115,624

1,592,294

–

International Value, Class I

–

704,760

33,471

(287) 8,568

679,570

–

Large Cap Growth, Class R6

1,733,713

141,563

405,034

69,008

204,797

1,744,047

–

Large Cap Value, Class R6

1,472,487

115,121

198,502

11,949

161,635

1,562,690

–

Quant International Small Cap Equity, Class R6

757,051

25,359

125,495

26,056

68,087

751,058

–

Quant Small Cap Equity, Class R6

287,970

11,011

200,032

69,006

(18,766)

149,189

–

Quant Small/Mid Cap Equity, Class R6

357,429

13,546

80,069

13,705

45,854

350,465

–

Short Term Bond, Class R6

29,970,477

2,264,626

1,667,867

(24,242)

230,963

30,773,957

657,968

Small Cap Select, Class R6

–

144,476

7,086

(118) 5,157

142,429

–

$75,336,560

$5,668,458

$7,141,606

$613,644

$2,546,017

$77,023,073

$1,366,278

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifestyle Conservative

Nuveen Funds:

Core Bond, Class R6

$

30,436,240

$

3,838,935

$

2,653,213

$

(341,716)

$

1,267,970

$

32,548,216

$

693,951

Core Equity, Class R6

12,184,099

116,908

2,778,476

336,448

1,545,197

11,404,176

56,530

Core Plus Bond, Class R6

91,317,742

5,167,561

1,412,088

(206,245)

2,777,636

97,644,606

2,203,915

Dividend Growth, Class R6

12,103,958

1,322,767

710,294

21,080

990,364

13,727,875

71,544

Dividend Value, Class R6

12,018,557

797,380

1,879,369

63,679

1,500,395

12,500,642

84,396

Emerging Markets Equity, Class R6

7,470,398

406,906

1,628,851

214,669

1,435,635

7,898,757

–

Growth Opportunities ETF

14,130,496

–

2,905,236

801,771

1,751,400

13,778,431

–

International Equity, Class R6

18,757,131

287,789

9,139,933

3,264,691

(1,008,105)

12,161,573

–

International Opportunities, Class R6

11,230,708

1,705,634

597,594

31,730

1,048,219

13,418,697

–

International Value, Class I

–

5,733,273

42,793

(324) 71,316

5,761,472

–

Large Cap Growth, Class R6

14,139,654

656,004

2,419,582

381,021

1,909,301

14,666,398

–

Large Cap Value, Class R6

12,011,012

858,350

1,136,707

19,231

1,429,494

13,181,380

–

Quant International Small Cap Equity, Class R6

6,152,426

114,034

751,092

146,745

633,310

6,295,423

–

Quant Small Cap Equity, Class R6

2,345,611

21,850

1,530,016

546,818

(125,871)

1,258,392

–

Quant Small/Mid Cap Equity, Class R6

2,908,721

53,743

503,173

82,441

414,404

2,956,136

–

Short Term Bond, Class R6

60,989,449

5,738,849

2,414,146

(32,497)

464,579

64,746,234

1,381,752

Small Cap Select, Class R6

–

1,180,980

23,702

592

43,505

1,201,375

–

$308,196,202

$28,000,963

$32,526,265

$5,330,134

$16,148,749

$325,149,783

$4,492,088

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifestyle Moderate

Nuveen Funds:

Core Equity, Class R6

$

32,830,073

$

83,024

$

6,000,656

$

743,492

$

4,403,274

$

32,059,207

$

154,128

Core Plus Bond, Class R6

218,867,880

19,363,350

2,376,612

(394,120)

6,642,082

242,102,580

5,374,245

Dividend Growth, Class R6

32,671,012

4,110,510

1,142,250

43,701

2,732,360

38,415,333

194,984

Dividend Value, Class R6

32,363,676

2,278,211

4,027,945

68,933

4,228,298

34,911,173

229,385

Emerging Markets Equity, Class R6

20,125,368

763,094

3,364,453

404,784

4,090,483

22,019,276

–

Growth Opportunities ETF

38,098,370

–

6,836,579

1,884,701

5,052,887

38,199,379

–

International Equity, Class R6

50,737,967

691,098

23,505,047

8,021,466

(1,888,988)

34,056,496

–

International Opportunities, Class R6

30,330,883

5,188,584

1,076,525

39,339

2,904,971

37,387,252

–

International Value, Class I

–

16,099,050

158,591

(341) 200,289

16,140,407

–

Large Cap Growth, Class R6

38,094,255

1,894,293

5,169,292

1,049,079

5,202,400

41,070,735

–

Large Cap Value, Class R6

32,398,985

2,358,695

2,084,958

31,288

3,940,761

36,644,771

–

Quant International Small Cap Equity, Class R6

16,648,065

281,686

1,418,784

275,348

1,857,520

17,643,835

–

Quant Small Cap Equity, Class R6

6,316,809

122,419

4,061,814

1,612,545

(476,735)

3,513,224

–

Quant Small/Mid Cap Equity, Class R6

7,840,496

132,980

1,074,414

166,275

1,187,761

8,253,098

–

Small Cap Select, Class R6

–

3,278,566

47,396

(2,250)

125,163

3,354,083

–

$557,323,839

$56,645,560

$62,345,316

$13,944,240

$40,202,526

$605,770,849

$5,952,742

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifestyle Growth

Nuveen Funds:

Core Equity, Class R6

$

23,758,892

$

381,834

$

4,342,971

$

480,471

$

3,299,812

$

23,578,038

$

113,230

Core Plus Bond, Class R6

59,335,899

6,900,339

853,140

(125,964)

1,850,261

67,107,395

1,485,440

Dividend Growth, Class R6

23,815,402

3,317,545

974,801

1,062

2,023,979

28,183,187

143,257

Dividend Value, Class R6

23,390,915

2,009,363

2,764,853

47,750

3,106,305

25,789,480

169,186

Emerging Markets Equity, Class R6

14,563,923

475,987

2,067,810

269,582

3,032,857

16,274,539

–

Growth Opportunities ETF

27,547,606

39,550

4,274,071

1,162,084

3,925,423

28,400,592

–

International Equity, Class R6

36,603,048

813,930

16,772,906

5,509,375

(999,419)

25,154,028

–

International Opportunities, Class R6

21,939,836

3,749,662

393,629

10,831

2,139,049

27,445,749

–

International Value, Class I

–

11,851,418

114,911

(1,027)

147,777

11,883,257

–

Large Cap Growth, Class R6

27,514,875

1,450,860

3,272,297

559,443

4,023,335

30,276,216

–

Large Cap Value, Class R6

23,308,337

2,079,870

1,199,402

17,156

2,899,176

27,105,137

–

Quant International Small Cap Equity, Class R6

12,021,758

165,113

737,341

129,044

1,430,599

13,009,173

–

Quant Small Cap Equity, Class R6

4,567,195

113,421

2,933,952

1,121,353

(277,770)

2,590,247

–

Quant Small/Mid Cap Equity, Class R6

5,660,720

139,411

709,758

81,174

913,246

6,084,793

–

Small Cap Select, Class R6

–

2,437,778

53,087

(1,499)

89,668

2,472,860

–

$304,028,406

$35,926,081

$41,464,929

$9,260,835

$27,604,298

$335,354,691

$1,911,113

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Lifestyle Aggressive Growth

Nuveen Funds:

Core Equity, Class R6

$

23,590,876

$

394,025

$

3,669,243

$

419,328

$

3,388,050

$

24,123,036

$

113,653

Dividend Growth, Class R6

23,621,232

3,906,824

665,049

(3,720)

2,044,222

28,903,509

143,818

Dividend Value, Class R6

23,198,808

2,293,407

2,341,653

34,880

3,143,809

26,329,251

169,654

Emerging Markets Equity, Class R6

14,467,801

989,564

2,208,395

262,369

3,063,839

16,575,178

–

Growth Opportunities ETF

27,407,287

62,063

3,600,054

974,472

4,132,099

28,975,867

–

International Equity, Class R6

36,358,990

1,689,446

16,880,441

4,807,681

(242,679)

25,732,997

–

International Opportunities, Class R6

21,772,187

4,574,203

353,520

(2,807)

2,159,995

28,150,058

–

International Value, Class I

–

12,093,064

147,565

(1,618)

150,842

12,094,723

–

Large Cap Growth, Class R6

27,303,557

2,058,419

3,045,285

624,942

3,991,733

30,933,366

–

Large Cap Value, Class R6

23,182,554

2,479,130

972,824

12,984

2,923,132

27,624,976

–

Quant International Small Cap Equity, Class R6

11,924,437

399,840

494,897

64,316

1,506,508

13,400,204

–

Quant Small Cap Equity, Class R6

4,535,867

100,726

2,843,791

962,156

(115,146)

2,639,812

–

Quant Small/Mid Cap Equity, Class R6

5,630,025

97,707

539,684

97,272

905,224

6,190,544

–

Small Cap Select, Class R6

–

2,518,500

97,658

(68) 91,231

2,512,005

–

$242,993,621

$33,656,918

$37,860,059

$8,252,187

$27,142,859

$274,185,526

$427,125

Notes to Financial Statements

(continued)

Issue

Value at

5/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain (Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Value at

11/30/25

Dividend

Income

Managed Allocation

Nuveen Funds:

Core Equity, Class R6

$

51,545,159

$

238,362

$

10,444,031

$

1,311,823

$

6,738,904

$

49,390,217

$

241,211

Core Plus Bond, Class R6

344,040,780

27,560,668

6,089,412

(767,976)

10,538,998

375,283,058

8,397,294

Dividend Growth, Class R6

51,125,917

5,939,694

2,119,727

38,406

4,274,286

59,258,576

305,176

Dividend Value, Class R6

50,953,270

3,441,014

7,308,180

172,355

6,539,793

53,798,252

359,760

Emerging Markets Equity, Class R6

31,674,319

670,784

5,301,649

609,788

6,435,416

34,088,658

–

Growth Opportunities ETF

59,830,037

–

11,024,743

3,056,552

7,820,632

59,682,478

–

International Equity, Class R6

79,725,108

1,375,230

37,932,310

13,511,499

(3,915,285)

52,764,242

–

International Opportunities, Class R6

47,936,578

7,383,208

2,349,845

147,544

4,441,678

57,559,163

–

International Value, Class I

–

24,887,853

174,155

(3,226)

310,338

25,020,810

–

Large Cap Growth, Class R6

59,975,251

2,034,466

8,516,289

2,323,237

7,436,595

63,253,260

–

Large Cap Value, Class R6

50,870,100

3,432,108

3,697,050

192,910

6,019,663

56,817,731

–

Quant International Small Cap Equity, Class R6

26,156,251

351,388

2,547,365

493,966

2,846,029

27,300,269

–

Quant Small Cap Equity, Class R6

9,938,274

12,129

6,308,447

2,508,934

(712,845)

5,438,045

–

Quant Small/Mid Cap Equity, Class R6

12,345,716

77,914

1,771,442

273,778

1,848,634

12,774,600

–

Small Cap Select, Class R6

–

5,042,771

41,374

(240) 190,350

5,191,507

–

$876,116,760

$82,447,589

$105,626,019

$23,869,350

$60,813,186

$937,620,866

$9,303,441

------

**Item 8.** **Changes in and Disagreements with Accountants for Open-End Management Investment Companies.** <br>

Not applicable.

------

**Item 9.** **Proxy Disclosures for Open-End Management Investment Companies.** <br>

Not applicable.

------

**Item 10.** **Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.** <br>

The Funds do not pay any remuneration to their officers. Remuneration paid to trustees, officers and Teachers Advisors, LLC, the Funds' investment adviser and an affiliate of the Funds' officers, is included in the Statement of Operations under the line items "Trustees fees", "Management fees" and "Administrative service fees" as part of the financial statements filed under Item 7 of this Form N-CSR.

------

**Item 11.** **Statement Regarding Basis for Approval of Investment Advisory Contract.** <br>

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## Item 11. Statement Regarding Basis for Approval of Investment

## Advisory Contract.

#### Nuveen Lifecycle 2070 Fund

#### The Approval Process
At the meeting held on August 5-6, 2025 (the "Meeting"), the Board of Trustees (the "Board" and each Trustee, a "Board Member") of TIAA-CREF Funds (the "Trust"), which is comprised entirely of Board Members who are not "interested persons" (as defined under the Investment Company Act of 1940 (the "1940 Act")), considered and approved for Nuveen Lifecycle 2070 Fund (the "Fund"), a series of the Trust, the investment management agreement (the "Advisory Agreement") pursuant to which Teachers Advisors, LLC ("TAL" or the "Adviser") serves as investment adviser to the Fund. The references to the Board and the Board Members are interchangeable.

To assist the Board in its evaluation of the Advisory Agreement at the Meeting, the Board Members had received, in adequate time in advance of the Meeting and/or at prior meetings, materials which outlined, among other things:

• the nature, extent and quality of the services expected to be provided by the Adviser;

• the organization of the Adviser, including the responsibilities of various departments and key personnel;

• the expertise and background of the Adviser;

• certain performance-related information (as described below);

• certain profitability-related information (as described below);

• the proposed management fees for the Fund, including comparisons of such management fees with the management fees of comparable funds;

• the expected expenses of the Fund, including comparisons of the Fund's expected net total expense ratio with the net total expense ratios of comparable funds; and

• the soft dollar practices of the Adviser, if any.

At the Meeting and/or at prior meetings, the Adviser made presentations to and responded to questions from the Board. During the Meeting and/or at prior meetings, the Board Members also met privately with their legal counsel to, among other things, review the Board's duties under the 1940 Act, the general principles of state law in reviewing and approving advisory contracts, the standards used by courts in determining whether investment company boards of directors have fulfilled their duties, factors to be considered in voting on advisory contracts and an adviser's fiduciary duty with respect to advisory agreements and compensation. It is with this background that the Board Members considered the Advisory Agreement. As outlined in more detail below, the Board Members considered various factors they believed relevant with respect to the Fund. Each Board Member may have accorded different weight to the various factors and information discussed below in reaching his or her conclusions with respect to the Advisory Agreement. As applicable, the Board Members also considered information they had received in their capacity as trustees or directors of other registered investment companies advised by the Adviser. The Nuveen fund complex consists of the group of funds advised by TAL and the group of funds advised by Nuveen Fund Advisors, LLC ("NFAL" and collectively, the "Nuveen funds" or "funds"). TAL and NFAL are affiliates as NFAL is a subsidiary of Nuveen, LLC, the investment management arm of Teachers Insurance and Annuity Association of America ("TIAA"), and TAL is an indirect wholly owned subsidiary of TIAA.

**A.** **Nature, Extent and Quality of Services** 

The Board Members considered the nature, extent and quality of the Adviser's services, including portfolio management services and administrative services. Given that the Adviser already serves as adviser or sub-adviser to other Nuveen funds overseen by the Board Members, the Board has a good understanding of its organization, operations, personnel and services. As the Board meets regularly throughout the year to oversee the funds in the fund complex, including funds currently advised or sub-advised by the Adviser, Board Members may have, in part, relied upon their knowledge from their meetings and any other interactions throughout the year with the Adviser in evaluating the Advisory Agreement.

------

## Item 11. Statement Regarding Basis for Approval of Investment

## Advisory Contract. (continued)
The Board Members considered information about the structure, investment objective, investment strategy and other characteristics of the Fund. In this regard, the Board Members considered that, in general terms, the Fund would be a "fund of funds" that would invest in shares of other Nuveen mutual funds and in other investment pools or investment products, including other funds or exchange-traded funds advised by the Adviser or its affiliates (collectively, the "Underlying Funds"). In addition, the Board Members considered that the Fund was designed for investors who have an approximate target retirement year ("Target Year") of 2070 in mind. Further, the Board Members considered that the Fund would invest in actively managed Underlying Funds. Moreover, the Board Members considered that the Fund would be added to an existing group of "Lifecycle Funds" and that each existing Lifecycle Fund was a series of the Trust advised by the Adviser.

At the Meeting and/or at prior meetings, the Board Members considered materials regarding, among other things, the Adviser's organization and business; the types of services that the Adviser or its affiliates currently provide to the applicable funds and are expected to provide to the Fund; and the experience of the Adviser. Further, at the Meeting and/or at prior meetings, the Board Members considered the background and experience of the relevant investment personnel expected to manage the Fund.

The Board has considered that the Adviser provides a wide array of management, oversight and other services to manage and operate the applicable funds. The Board has considered the Adviser's and its affiliates' dedication of resources, time, people and capital as well as consistent program of improvement and innovation aimed at keeping the Nuveen fund complex relevant and attractive for existing and new investors and meeting the needs of an increasingly complex regulatory environment. The Board has considered the significant resources, both financial and personnel, the Adviser and its affiliates have committed over the past several years in working to bring the asset management businesses of Nuveen and TIAA under one centralized umbrella and to consolidate their respective fund families to the benefit of the funds through, among other things, enhanced operating efficiencies, centralized investment leadership and a centralized shared resources and support model. The Board has also considered certain financial data of the Adviser and TIAA in assessing the financial stability and condition of the Adviser to provide a high level of quality services to the applicable funds.

The Board has considered that the funds operate in a highly regulated industry and that the scope and complexity of the services and resources that the Adviser and its affiliates must provide to manage and operate the funds have expanded over the years due to regulatory, market and other developments. Such services include maintaining and monitoring the Nuveen funds' compliance programs, risk management programs, liquidity risk management programs, derivatives risk management programs and cybersecurity programs. The Board and/or its Compliance, Risk Management and Regulatory Oversight Committee have received reports regarding the funds' compliance policies and procedures and matters undertaken thereunder as well as other compliance initiatives on a regular basis. The Board has considered that the Adviser and its investment team(s) are responsible for providing portfolio management of the applicable funds and managing the assets of such funds, including conducting research, identifying investments and placing orders for the purchase or sale of the portfolio investments for such funds. In addition to the portfolio management services provided to the applicable funds, the Board has considered the extensive compliance, regulatory, administrative and other services the Adviser and its various teams or affiliates provide to manage and operate the applicable funds, including but not limited to: distribution management services pursuant to which management seeks to implement distribution policies and set distribution levels consistent with each fund's product design and positioning; compliance services including establishing and maintaining broad-based compliance policies across the Nuveen fund complex, evaluating the compliance programs of various fund services providers, conducting ongoing risk assessments and testing, monitoring portfolio compliance with investment and regulatory requirements and providing a comprehensive compliance training program; providing regulatory advocacy services, including submitting comments on regulatory proposals and monitoring regulatory developments that may impact the fund(s); providing support to the Board and its committees throughout the year, including providing reports on a wide range of topics relating to the operations and management of the funds, helping to refine the materials provided to the Board and/or its committees and providing educational sessions on various topics; establishing and reviewing the services provided by other fund service providers (such as a fund's custodian, accountant, and transfer agent); providing legal support services; and evaluating trade allocation and execution.

Aside from the services provided, the Board has considered the financial resources of the Adviser and/or its affiliates and their willingness to make investments to support the funds. The Board has also considered the benefits to shareholders of investing in a fund that is a part of a large fund complex with a variety of investment disciplines, capabilities, and expertise. The Board has considered the overall reputation and capabilities of the Adviser and its affiliates and the Adviser's continuing commitment to provide high quality services. Further, the Board has considered the significant risks borne by the Adviser and its affiliates in connection with their services to the Nuveen funds, including entrepreneurial risks in sponsoring and supporting new funds and smaller funds and ongoing risks with managing the funds, such as investment, operational, reputational, regulatory, compliance and litigation risks.

------

Based on its review, the Board determined, in the exercise of its reasonable business judgment, that it was satisfied with the nature, extent and quality of services expected to be provided to the Fund under the Advisory Agreement.

**B.** **Investment Performance** 

The Fund was new and, therefore, did not have its own performance history. The Board Members, however, were familiar with the performance records of other Nuveen funds advised or sub-advised by the Adviser. In particular, the Board Members were familiar with the performance records of the existing Lifecycle Funds.

Based on information provided by the Adviser, the Board Members considered, among other things, certain historical performance-related data pertaining to the Nuveen Lifecycle 2065 Fund (the "Lifecycle 2065 Fund") as well as various unaffiliated funds in the same peer group as the Lifecycle 2065 Fund, as selected by an independent third-party firm. In addition, based on information provided by the Adviser, the Board Members considered certain performance-related data pertaining to various unaffiliated funds with 2070 Target Years.

**C.** **Fees, Expenses and Profitability** 

**1.** **Fees and Expenses** 

In evaluating the management fees and expenses that the Fund was expected to bear, the Board Members considered, among other things, the Fund's proposed management fee structure and its expected net total expense ratio in absolute terms as well as compared with the fees and net total expense ratios of comparable funds. Accordingly, with respect to the Fund, which, as noted above, would be a "fund of funds," the Board Members considered, among other things, the proposed management fee and the rationale for the calculation of such fee. The Board Members considered that the investment management fee would be made up of two components, which would be added together to create the total investment management fee. In this regard, the first component, the "Asset Allocation Fee Rate," is an annual rate of 0.10% of the average daily net assets of the Fund. The second component, the "Underlying Funds Fee Rate," is calculated as follows: for each Underlying Fund of the Trust in which the Fund is invested, the effective Underlying Fund's annual investment management fee rate, as determined pursuant to its investment management agreement, net of any fee waivers or reimbursements applicable to the Underlying Fund (other than the Class W shares investment management fee waiver and/or reimbursement arrangement for the Underlying Funds of the Trust described below), in proportion to the percentage of the Fund's net assets invested in the Underlying Fund, applied to the average daily net assets of the Fund. The Board Members considered that the Fund may invest in Class W shares of the Underlying Funds of the Trust and the arrangement that is intended, in general terms, to reallocate certain fees and expenses incurred by such Class W shares to the Fund. In this regard, the Adviser waives and/or reimburses the management fees of Class W shares of the Underlying Funds of the Trust, the attributable portions of which will be directly charged to the Fund through the Underlying Funds Fee Rate portion of the Fund's investment management fee. Further, the Adviser generally waives the ordinary operating expenses of the Class W shares of the Underlying Funds of the Trust (subject to certain specified exclusions), and the attributable portions of such expenses will be charged directly to the Fund. In addition, the Board Members considered the Adviser's proposed management fee waiver and expense reimbursement arrangements for the Fund ("Waiver/Reimbursement Arrangements").

Based on information provided by the Adviser, the Board Members considered the Fund's estimated expenses for its first fiscal year, including, among other things, estimated acquired fund fees and expenses and the effect of the Waiver/Reimbursement Arrangements. In addition, the Board Members considered comparative fee and expense data pertaining to certain unaffiliated funds with 2070 Target Years.

Based on their review of the fee and expense information provided, the Board Members determined that the Fund's proposed management fees (as applicable) to the Adviser were reasonable in light of the nature, extent and quality of services expected to be provided.

------

## Item 11. Statement Regarding Basis for Approval of Investment

## Advisory Contract. (continued)
**2.** **Comparisons with the Fees of Other Clients** 

At the Meeting and/or at prior meetings, the Board has considered that the Adviser and/or its affiliates provide investment management services to, in addition to the Nuveen funds, various other types of clients which may include, among others: separately managed accounts, retail managed accounts, foreign funds (UCITS), other investment companies (as sub-advisers), limited partnerships and collective investment trusts ("CITs"). The Board has previously considered certain fee data for these other types of clients managed in a similar manner to certain of the funds compared to the management fee of the applicable fund. The Board has considered a description of various factors which contribute to the differences in the management fee rates of the funds compared to those charged to these other types of clients, which has limited the comparability of the data. In this regard, the Board has considered that the differences in, among other things, the breadth of services provided by the Adviser and its affiliates to the funds compared to those provided to other clients; the expenses the Adviser and its affiliates incur in launching, operating and supporting a fund; the support services provided to shareholders; the extensive regulatory, disclosure and governance requirements applicable to funds; the establishment and maintenance of servicing relationships with various service providers for the funds; the manner of managing such assets; investment policies; investor profiles; and account sizes all may contribute to variations in relative fee rates. Differences in the level of advisory services required for passively managed funds also contribute to differences in the management fee levels of such funds compared to actively managed funds. In addition, differences in the client base; governing bodies, regulatory and legal requirements; distribution; jurisdiction and operational complexities also would contribute to variations in management fees assessed the funds compared to foreign fund clients. Further, differences in the level of advisory and non-advisory services required and risk incurred when serving as a sub-adviser to other investment companies compared to serving as the Adviser to a Nuveen fund contribute to differences in the fees assessed. In this regard, the Board has further considered the significant entrepreneurial, legal and regulatory risks that the Adviser incurs in sponsoring and managing the funds. As a general matter, higher fee levels reflect higher levels of service provided by the Adviser, increased investment management complexity, greater product management requirements, and higher levels of business risk or some combination of these factors. The Board has concluded that the varying levels of fees are reasonable given the foregoing.

Based on information provided by the Adviser, the Board considered the proposed management fees and net expense ratio for the Fund in comparison to those of the Lifecycle 2065 Fund. The Board also considered advisory fees charged for CITs with investment strategies that were comparable to those of the Fund and, in this regard, considered that CITs are regulated differently than registered funds and, in general, have lower administrative costs and lower fees.

**3.** **Profitability of the Adviser** 

At the Meeting and/or at prior meetings, the Board Members have considered various profitability data relating to the Adviser's services to the Nuveen funds. In considering the costs of services to be provided and profits to be realized by the Adviser from its relationship with the funds, the Board Members have considered a variety of estimated profitability data from various perspectives including, among other things, (a) historical pre-distribution and post-distribution margins over specified periods for the Adviser's services to the applicable funds; (b) certain profitability data on behalf of the Adviser attributable to servicing all applicable funds for 2024 and 2023; (c) certain profitability data of both the Adviser and NFAL (as an adviser for other Nuveen funds) on a combined basis derived from types of funds in the aggregate (i.e., from closed-end funds, exchange-traded funds, interval funds and open-end funds) for 2024 and 2023; and (d) certain profitability data of both the Adviser and NFAL (as an adviser for other Nuveen funds) on a combined basis by asset grouping of Nuveen funds in the aggregate (i.e., from equity, fund of funds, index, municipal bond and taxable fixed income funds). In addition, the Board has considered profitability data at the per fund level for the respective adviser.

In reviewing the profitability data, the Board Members have considered the subjective nature of calculating profitability as the information is not audited and is necessarily dependent on cost allocation methodologies to allocate expenses throughout the complex and among the various advisory products. The Board has reviewed, among other things, a description of the cost allocation methodology employed to develop the profitability data. However, the Board Members have considered that given there is no single universally recognized expense allocation methodology, other reasonable and valid allocation methodologies could be employed and could lead to significantly different profit and loss results and therefore developing profitability data is difficult, particularly on a per fund level.

------

Further, in considering the comparative margin data with peers, the Board Members have considered the limitations of the comparative data given that peer data is not generally public and the calculation of profitability is subjective and affected by numerous factors (such as types of funds a peer manages, its business mix, its cost of capital, the numerous assumptions underlying the methodology used to allocate expenses and other factors) that can have a significant impact on the results. Given that the peer profitability data may reflect the different business mix of the respective peer firm, the Board has also considered the pre- and post-distribution margins of Nuveen, LLC for each of the calendar years from 2020 through 2024.

Aside from the foregoing profitability data, the Board has also considered, among other things, the audited statutory-basis financial statements of TIAA as of December 31, 2024 and 2023 and the related statutory-basis statements of operations, of changes in capital and contingency reserves and of cash flows for the years ended December 31, 2024, December 31, 2023 and December 31, 2022. The Board has considered the benefit of an investment adviser and its parent with significant resources, particularly during periods of market volatility. The Board has also considered the investments the Adviser, its parent and/or other affiliates have made into their business.

In evaluating the reasonableness of compensation, the Board Members have also considered the indirect benefits the Adviser may receive as a result of its relationship with the funds in the fund complex, as discussed in further detail below.

The Board considered certain information regarding the expected profitability of the Fund for its first year of operations, including currently estimated pre-distribution margins. In this regard, based on information provided by the Adviser, the Board considered that the Fund was not expected to be profitable for its first year of operations.

**D.** **Economies of Scale and Whether Fee Levels Reflect These Economies of Scale** 

The Board considered whether the Fund could be expected to benefit from any economies of scale. Although the Board has considered that economies of scale are difficult to measure with any precision and the rates at which certain expenses are incurred may not decline with a rise in assets, the Board has also considered that there are a variety of methods that may be employed to help share the benefits of economies of scale, including, among other things, through the use of breakpoints in the management fee schedule, fee waivers and/or expense limitations, the pricing of funds at scale at inception and investments in the Adviser's business which can enhance the services provided to the applicable funds for the fees paid. In this regard, as noted above, the Board Members considered the Waiver/Reimbursement Arrangements. Further, the Board considered that, with respect to the Nuveen funds generally, although the management fee of the Adviser typically is comprised of a fund-level component and a complex-level component, each with its own breakpoint schedule, the Fund would not have breakpoint schedules and would not participate in the complex-level fee program.

In addition, the Board Members have considered the continued reinvestment in Nuveen's business to enhance its capabilities and services to the benefit of its various clients. The Board has considered that many of these investments were not specific to individual Nuveen funds, but rather initiatives from which the family of funds as a whole may benefit. The Board has further considered that the scope of the services of the Adviser and its affiliates have expanded over time without raising advisory fees to the funds, and this has also been a means of sharing economies of scale with the funds and their shareholders.

Based on its review, the Board was satisfied that the proposed fee arrangements for the Fund were expected to appropriately share any economies of scale with the Fund's shareholders.

**E.** **Indirect Benefits** 

At the Meeting and/or prior meetings, the Board Members have received and considered information regarding various indirect benefits the Adviser or its affiliates may receive as a result of their relationship with the funds in the fund complex. These benefits have included, among other things, economies of scale to the extent the Adviser or its affiliates share investment resources and/or personnel with other clients of the Adviser. Certain funds may also be used as investment options for other products or businesses offered by the Adviser and/or its affiliates, such as variable products, fund of funds and 529 education savings plans, and the Adviser and affiliates of the Adviser may serve as sub-adviser to various funds in which case all advisory and sub-advisory fees generated by such funds stay within Nuveen.

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## Item 11. Statement Regarding Basis for Approval of Investment

## Advisory Contract. (continued)
Further, the funds may pay the Adviser and/or its affiliates for other services, such as distribution. In this regard, the Board Members considered that an affiliate of the Adviser serves as principal underwriter providing distribution and/or shareholder services to the open-end funds for which it may be compensated. To the extent an open-end fund pays 12b-1 fees, the Board Members considered that some of those fees may be retained by the Adviser's affiliate. In addition, the Board Members have considered that the Adviser may utilize soft dollar brokerage arrangements attributable to the respective funds to obtain research and other services for any or all of its clients, although the Board Members have also considered that the Adviser reimburses the funds it advises for all such costs.

The Adviser and its affiliates may also benefit from the advisory relationships with the funds in the fund complex to the extent this relationship results in potential investors viewing the TIAA group of companies as a leading retirement plan provider in the academic and nonprofit market and a single source for all their financial service needs. The Adviser and/or its affiliates may further benefit to the extent that they have pricing or other information regarding vendors the funds utilize in establishing arrangements with such vendors for other products.

Based on its review, the Board concluded that any indirect benefits expected to be received by the Adviser as a result of its relationship with the Fund were reasonable in light of the services expected to be provided.

**F.** **Approval** 

The Board Members did not identify any single factor discussed previously as all-important or controlling. The Board Members concluded that the terms of the Advisory Agreement were reasonable, that the Adviser's fees were reasonable in light of the services expected to be provided, and that the Advisory Agreement should be and was approved on behalf of the Fund.

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## Item 11. Statement Regarding Basis for Approval of Investment

## Advisory Contract.

#### Nuveen Lifecycle Index 2070 Fund

#### The Approval Process
At the meeting held on August 5-6, 2025 (the "Meeting"), the Board of Trustees (the "Board" and each Trustee, a "Board Member") of TIAA-CREF Funds (the "Trust"), which is comprised entirely of Board Members who are not "interested persons" (as defined under the Investment Company Act of 1940 (the "1940 Act")), considered and approved for Nuveen Lifecycle Index 2070 Fund (the "Fund"), a series of the Trust, the investment management agreement (the "Advisory Agreement") pursuant to which Teachers Advisors, LLC ("TAL" or the "Adviser") serves as investment adviser to the Fund. The references to the Board and the Board Members are interchangeable.

To assist the Board in its evaluation of the Advisory Agreement at the Meeting, the Board Members had received, in adequate time in advance of the Meeting and/or at prior meetings, materials which outlined, among other things:

• the nature, extent and quality of the services expected to be provided by the Adviser;

• the organization of the Adviser, including the responsibilities of various departments and key personnel;

• the expertise and background of the Adviser;

• certain performance-related information (as described below);

• certain profitability-related information (as described below);

• the proposed management fees for the Fund, including comparisons of such management fees with the management fees of comparable funds;

• the expected expenses of the Fund, including comparisons of the Fund's expected net total expense ratio with the net total expense ratios of comparable funds; and

• the soft dollar practices of the Adviser, if any.

At the Meeting and/or at prior meetings, the Adviser made presentations to and responded to questions from the Board. During the Meeting and/or at prior meetings, the Board Members also met privately with their legal counsel to, among other things, review the Board's duties under the 1940 Act, the general principles of state law in reviewing and approving advisory contracts, the standards used by courts in determining whether investment company boards of directors have fulfilled their duties, factors to be considered in voting on advisory contracts and an adviser's fiduciary duty with respect to advisory agreements and compensation. It is with this background that the Board Members considered the Advisory Agreement. As outlined in more detail below, the Board Members considered various factors they believed relevant with respect to the Fund. Each Board Member may have accorded different weight to the various factors and information discussed below in reaching his or her conclusions with respect to the Advisory Agreement. As applicable, the Board Members also considered information they had received in their capacity as trustees or directors of other registered investment companies advised by the Adviser. The Nuveen fund complex consists of the group of funds advised by TAL and the group of funds advised by Nuveen Fund Advisors, LLC ("NFAL" and collectively, the "Nuveen funds" or "funds"). TAL and NFAL are affiliates as NFAL is a subsidiary of Nuveen, LLC, the investment management arm of Teachers Insurance and Annuity Association of America ("TIAA"), and TAL is an indirect wholly owned subsidiary of TIAA.

**A.** **Nature, Extent and Quality of Services** 

The Board Members considered the nature, extent and quality of the Adviser's services, including portfolio management services and administrative services. Given that the Adviser already serves as adviser or sub-adviser to other Nuveen funds overseen by the Board Members, the Board has a good understanding of its organization, operations, personnel and services. As the Board meets regularly throughout the year to oversee the funds in the fund complex, including funds currently advised or sub-advised by the Adviser, Board Members may have, in part, relied upon their knowledge from their meetings and any other interactions throughout the year with the Adviser in evaluating the Advisory Agreement.

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## Item 11. Statement Regarding Basis for Approval of Investment

## Advisory Contract. (continued)
The Board Members considered information about the structure, investment objective, investment strategy and other characteristics of the Fund. In this regard, the Board Members considered that, in general terms, the Fund would be a "fund of funds" that would invest in shares of other Nuveen mutual funds and in other investment pools or investment products, including other funds or exchange-traded funds advised by the Adviser or its affiliates (collectively, the "Underlying Funds"). In addition, the Board Members considered that the Fund was designed for investors who have an approximate target retirement year ("Target Year") of 2070 in mind. Further, the Board Members considered that the Fund would invest in index-based Underlying Funds. Moreover, the Board Members considered that the Fund would be added to an existing group of "Lifecycle Index Funds" and that each existing Lifecycle Index Fund was a series of the Trust advised by the Adviser.

At the Meeting and/or at prior meetings, the Board Members considered materials regarding, among other things, the Adviser's organization and business; the types of services that the Adviser or its affiliates currently provide to the applicable funds and are expected to provide to the Fund; and the experience of the Adviser. Further, at the Meeting and/or at prior meetings, the Board Members considered the background and experience of the relevant investment personnel expected to manage the Fund.

The Board has considered that the Adviser provides a wide array of management, oversight and other services to manage and operate the applicable funds. The Board has considered the Adviser's and its affiliates' dedication of resources, time, people and capital as well as consistent program of improvement and innovation aimed at keeping the Nuveen fund complex relevant and attractive for existing and new investors and meeting the needs of an increasingly complex regulatory environment. The Board has considered the significant resources, both financial and personnel, the Adviser and its affiliates have committed over the past several years in working to bring the asset management businesses of Nuveen and TIAA under one centralized umbrella and to consolidate their respective fund families to the benefit of the funds through, among other things, enhanced operating efficiencies, centralized investment leadership and a centralized shared resources and support model. The Board has also considered certain financial data of the Adviser and TIAA in assessing the financial stability and condition of the Adviser to provide a high level of quality services to the applicable funds.

The Board has considered that the funds operate in a highly regulated industry and that the scope and complexity of the services and resources that the Adviser and its affiliates must provide to manage and operate the funds have expanded over the years due to regulatory, market and other developments. Such services include maintaining and monitoring the Nuveen funds' compliance programs, risk management programs, liquidity risk management programs, derivatives risk management programs and cybersecurity programs. The Board and/or its Compliance, Risk Management and Regulatory Oversight Committee have received reports regarding the funds' compliance policies and procedures and matters undertaken thereunder as well as other compliance initiatives on a regular basis.

The Board has considered that the Adviser and its investment team(s) are responsible for providing portfolio management of the applicable funds and managing the assets of such funds, including conducting research, identifying investments and placing orders for the purchase or sale of the portfolio investments for such funds. In addition to the portfolio management services provided to the applicable funds, the Board has considered the extensive compliance, regulatory, administrative and other services the Adviser and its various teams or affiliates provide to manage and operate the applicable funds, including but not limited to: distribution management services pursuant to which management seeks to implement distribution policies and set distribution levels consistent with each fund's product design and positioning; compliance services including establishing and maintaining broad-based compliance policies across the Nuveen fund complex, evaluating the compliance programs of various fund services providers, conducting ongoing risk assessments and testing, monitoring portfolio compliance with investment and regulatory requirements and providing a comprehensive compliance training program; providing regulatory advocacy services, including submitting comments on regulatory proposals and monitoring regulatory developments that may impact the fund(s); providing support to the Board and its committees throughout the year, including providing reports on a wide range of topics relating to the operations and management of the funds, helping to refine the materials provided to the Board and/or its committees and providing educational sessions on various topics; establishing and reviewing the services provided by other fund service providers (such as a fund's custodian, accountant, and transfer agent); providing legal support services; and evaluating trade allocation and execution.

Aside from the services provided, the Board has considered the financial resources of the Adviser and/or its affiliates and their willingness to make investments to support the funds. The Board has also considered the benefits to shareholders of investing in a fund that is a part of a large fund complex with a variety of investment disciplines, capabilities, and expertise. The Board has considered the overall reputation and capabilities of the Adviser and its affiliates and the Adviser's continuing commitment to provide high quality services. Further, the Board has considered the significant risks borne by the Adviser and its affiliates in connection with their services to the Nuveen funds, including entrepreneurial risks in sponsoring and supporting new funds and smaller funds and ongoing risks with managing the funds, such as investment, operational, reputational, regulatory, compliance and litigation risks.

------

Based on its review, the Board determined, in the exercise of its reasonable business judgment, that it was satisfied with the nature, extent and quality of services expected to be provided to the Fund under the Advisory Agreement.

**B.** **Investment Performance** 

The Fund was new and, therefore, did not have its own performance history. The Board Members, however, were familiar with the performance records of other Nuveen funds advised or sub-advised by the Adviser. In particular, the Board Members were familiar with the performance records of the existing Lifecycle Index Funds.

Based on information provided by the Adviser, the Board Members considered, among other things, certain historical performance-related data pertaining to the Nuveen Lifecycle Index 2065 Fund (the "Lifecycle Index 2065 Fund") as well as various unaffiliated funds in the same peer group as the Lifecycle Index 2065 Fund, as selected by an independent third-party firm. In addition, based on information provided by the Adviser, the Board Members considered certain performance-related data pertaining to various unaffiliated funds with 2070 Target Years.

**C.** **Fees, Expenses and Profitability** 

**1.** **Fees and Expenses** 

In evaluating the management fees and expenses that the Fund was expected to bear, the Board Members considered, among other things, the Fund's proposed management fee structure and its expected net total expense ratio in absolute terms as well as compared with the fees and net total expense ratios of comparable funds. Accordingly, with respect to the Fund, which, as noted above, would be a "fund of funds," the Board Members considered, among other things, the proposed management fee and the rationale for the calculation of such fee. The Board Members considered that the investment management fee would be made up of two components, which would be added together to create the total investment management fee. In this regard, the first component, the "Asset Allocation Fee Rate," is an annual rate of 0.10% of the average daily net assets of the Fund. The second component, the "Underlying Funds Fee Rate," is calculated as follows: for each Underlying Fund of the Trust in which the Fund is invested, the effective Underlying Fund's annual investment management fee rate, as determined pursuant to its investment management agreement, net of any fee waivers or reimbursements applicable to the Underlying Fund (other than the Class W shares investment management fee waiver and/or reimbursement arrangement for the Underlying Funds of the Trust described below), in proportion to the percentage of the Fund's net assets invested in the Underlying Fund, applied to the average daily net assets of the Fund. The Board Members considered that the Fund may invest in Class W shares of the Underlying Funds of the Trust and the arrangement that is intended, in general terms, to reallocate certain fees and expenses incurred by such Class W shares to the Fund. In this regard, the Adviser waives and/or reimburses the management fees of Class W shares of the Underlying Funds of the Trust, the attributable portions of which will be directly charged to the Fund through the Underlying Funds Fee Rate portion of the Fund's investment management fee. Further, the Adviser generally waives the ordinary operating expenses of the Class W shares of the Underlying Funds of the Trust (subject to certain specified exclusions), and the attributable portions of such expenses will be charged directly to the Fund. In addition, the Board Members considered the Adviser's proposed management fee waiver and expense reimbursement arrangements for the Fund ("Waiver/Reimbursement Arrangements").

Based on information provided by the Adviser, the Board Members considered the Fund's estimated expenses for its first fiscal year, including, among other things, estimated acquired fund fees and expenses and the effect of the Waiver/Reimbursement Arrangements. In addition, the Board Members considered comparative fee and expense data pertaining to certain unaffiliated funds with 2070 Target Years.

Based on their review of the fee and expense information provided, the Board Members determined that the Fund's proposed management fees (as applicable) to the Adviser were reasonable in light of the nature, extent and quality of services expected to be provided.

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## Item 11. Statement Regarding Basis for Approval of Investment

## Advisory Contract. (continued)
**2.** **Comparisons with the Fees of Other Clients** 

At the Meeting and/or at prior meetings, the Board has considered that the Adviser and/or its affiliates provide investment management services to, in addition to the Nuveen funds, various other types of clients which may include, among others: separately managed accounts, retail managed accounts, foreign funds (UCITS), other investment companies (as sub-advisers), limited partnerships and collective investment trusts ("CITs"). The Board has previously considered certain fee data for these other types of clients managed in a similar manner to certain of the funds compared to the management fee of the applicable fund. The Board has considered a description of various factors which contribute to the differences in the management fee rates of the funds compared to those charged to these other types of clients, which has limited the comparability of the data. In this regard, the Board has considered that the differences in, among other things, the breadth of services provided by the Adviser and its affiliates to the funds compared to those provided to other clients; the expenses the Adviser and its affiliates incur in launching, operating and supporting a fund; the support services provided to shareholders; the extensive regulatory, disclosure and governance requirements applicable to funds; the establishment and maintenance of servicing relationships with various service providers for the funds; the manner of managing such assets; investment policies; investor profiles; and account sizes all may contribute to variations in relative fee rates. Differences in the level of advisory services required for passively managed funds also contribute to differences in the management fee levels of such funds compared to actively managed funds. In addition, differences in the client base; governing bodies, regulatory and legal requirements; distribution; jurisdiction and operational complexities also would contribute to variations in management fees assessed the funds compared to foreign fund clients. Further, differences in the level of advisory and non-advisory services required and risk incurred when serving as a sub-adviser to other investment companies compared to serving as the Adviser to a Nuveen fund contribute to differences in the fees assessed. In this regard, the Board has further considered the significant entrepreneurial, legal and regulatory risks that the Adviser incurs in sponsoring and managing the funds. As a general matter, higher fee levels reflect higher levels of service provided by the Adviser, increased investment management complexity, greater product management requirements, and higher levels of business risk or some combination of these factors. The Board has concluded that the varying levels of fees are reasonable given the foregoing.

Based on information provided by the Adviser, the Board considered the proposed management fees and net expense ratio for the Fund in comparison to those of the Lifecycle Index 2065 Fund. The Board also considered advisory fees charged for CITs with investment strategies that were comparable to those of the Fund and, in this regard, considered that CITs are regulated differently than registered funds and, in general, have lower administrative costs and lower fees.

**3.** **Profitability of the Adviser** 

At the Meeting and/or at prior meetings, the Board Members have considered various profitability data relating to the Adviser's services to the Nuveen funds. In considering the costs of services to be provided and profits to be realized by the Adviser from its relationship with the funds, the Board Members have considered a variety of estimated profitability data from various perspectives including, among other things, (a) historical pre-distribution and post-distribution margins over specified periods for the Adviser's services to the applicable funds; (b) certain profitability data on behalf of the Adviser attributable to servicing all applicable funds for 2024 and 2023; (c) certain profitability data of both the Adviser and NFAL (as an adviser for other Nuveen funds) on a combined basis derived from types of funds in the aggregate (i.e., from closed-end funds, exchange-traded funds, interval funds and open-end funds) for 2024 and 2023; and (d) certain profitability data of both the Adviser and NFAL (as an adviser for other Nuveen funds) on a combined basis by asset grouping of Nuveen funds in the aggregate (i.e., from equity, fund of funds, index, municipal bond and taxable fixed income funds). In addition, the Board has considered profitability data at the per fund level for the respective adviser.

In reviewing the profitability data, the Board Members have considered the subjective nature of calculating profitability as the information is not audited and is necessarily dependent on cost allocation methodologies to allocate expenses throughout the complex and among the various advisory products. The Board has reviewed, among other things, a description of the cost allocation methodology employed to develop the profitability data. However, the Board Members have considered that given there is no single universally recognized expense allocation methodology, other reasonable and valid allocation methodologies could be employed and could lead to significantly different profit and loss results and therefore developing profitability data is difficult, particularly on a per fund level.

------

Further, in considering the comparative margin data with peers, the Board Members have considered the limitations of the comparative data given that peer data is not generally public and the calculation of profitability is subjective and affected by numerous factors (such as types of funds a peer manages, its business mix, its cost of capital, the numerous assumptions underlying the methodology used to allocate expenses and other factors) that can have a significant impact on the results. Given that the peer profitability data may reflect the different business mix of the respective peer firm, the Board has also considered the pre- and post-distribution margins of Nuveen, LLC for each of the calendar years from 2020 through 2024.

Aside from the foregoing profitability data, the Board has also considered, among other things, the audited statutory-basis financial statements of TIAA as of December 31, 2024 and 2023 and the related statutory-basis statements of operations, of changes in capital and contingency reserves and of cash flows for the years ended December 31, 2024, December 31, 2023 and December 31, 2022. The Board has considered the benefit of an investment adviser and its parent with significant resources, particularly during periods of market volatility. The Board has also considered the investments the Adviser, its parent and/or other affiliates have made into their business.

In evaluating the reasonableness of compensation, the Board Members have also considered the indirect benefits the Adviser may receive as a result of its relationship with the funds in the fund complex, as discussed in further detail below.

The Board considered certain information regarding the expected profitability of the Fund for its first year of operations, including currently estimated pre-distribution margins. In this regard, based on information provided by the Adviser, the Board considered that the Fund was not expected to be profitable for its first year of operations.

**D.** **Economies of Scale and Whether Fee Levels Reflect These Economies of Scale** 

The Board considered whether the Fund could be expected to benefit from any economies of scale. Although the Board has considered that economies of scale are difficult to measure with any precision and the rates at which certain expenses are incurred may not decline with a rise in assets, the Board has also considered that there are a variety of methods that may be employed to help share the benefits of economies of scale, including, among other things, through the use of breakpoints in the management fee schedule, fee waivers and/or expense limitations, the pricing of funds at scale at inception and investments in the Adviser's business which can enhance the services provided to the applicable funds for the fees paid. In this regard, as noted above, the Board Members considered the Waiver/Reimbursement Arrangements. Further, the Board considered that, with respect to the Nuveen funds generally, although the management fee of the Adviser typically is comprised of a fund-level component and a complex-level component, each with its own breakpoint schedule, the Fund would not have breakpoint schedules and would not participate in the complex-level fee program.

In addition, the Board Members have considered the continued reinvestment in Nuveen's business to enhance its capabilities and services to the benefit of its various clients. The Board has considered that many of these investments were not specific to individual Nuveen funds, but rather initiatives from which the family of funds as a whole may benefit. The Board has further considered that the scope of the services of the Adviser and its affiliates have expanded over time without raising advisory fees to the funds, and this has also been a means of sharing economies of scale with the funds and their shareholders.

Based on its review, the Board was satisfied that the proposed fee arrangements for the Fund were expected to appropriately share any economies of scale with the Fund's shareholders.

**E.** **Indirect Benefits** 

At the Meeting and/or prior meetings, the Board Members have received and considered information regarding various indirect benefits the Adviser or its affiliates may receive as a result of their relationship with the funds in the fund complex. These benefits have included, among other things, economies of scale to the extent the Adviser or its affiliates share investment resources and/or personnel with other clients of the Adviser. Certain funds may also be used as investment options for other products or businesses offered by the Adviser and/or its affiliates, such as variable products, fund of funds and 529 education savings plans, and the Adviser and affiliates of the Adviser may serve as sub-adviser to various funds in which case all advisory and sub-advisory fees generated by such funds stay within Nuveen.

------

## Item 11. Statement Regarding Basis for Approval of Investment

## Advisory Contract. (continued)
Further, the funds may pay the Adviser and/or its affiliates for other services, such as distribution. In this regard, the Board Members considered that an affiliate of the Adviser serves as principal underwriter providing distribution and/or shareholder services to the open-end funds for which it may be compensated. To the extent an open-end fund pays 12b-1 fees, the Board Members considered that some of those fees may be retained by the Adviser's affiliate. In addition, the Board Members have considered that the Adviser may utilize soft dollar brokerage arrangements attributable to the respective funds to obtain research and other services for any or all of its clients, although the Board Members have also considered that the Adviser reimburses the funds it advises for all such costs.

The Adviser and its affiliates may also benefit from the advisory relationships with the funds in the fund complex to the extent this relationship results in potential investors viewing the TIAA group of companies as a leading retirement plan provider in the academic and nonprofit market and a single source for all their financial service needs. The Adviser and/or its affiliates may further benefit to the extent that they have pricing or other information regarding vendors the funds utilize in establishing arrangements with such vendors for other products.

Based on its review, the Board concluded that any indirect benefits expected to be received by the Adviser as a result of its relationship with the Fund were reasonable in light of the services expected to be provided.

**F.** **Approval** 

The Board Members did not identify any single factor discussed previously as all-important or controlling. The Board Members concluded that the terms of the Advisory Agreement were reasonable, that the Adviser's fees were reasonable in light of the services expected to be provided, and that the Advisory Agreement should be and was approved on behalf of the Fund.

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**Item 12.** **Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.** <br>

Not applicable to open-end investment companies.

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**Item 13.** **Portfolio Managers of Closed-End Management Investment Companies.** <br>

Not applicable to open-end investment companies.

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**Item 14.** **Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.** <br>

Not applicable to open-end investment companies.

------

**Item 15.** **Submission of Matters to a Vote of Security Holders.** <br>

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant's Board of Trustees implemented after the registrant last provided disclosure in response to this Item.

------

**Item 16.** **Controls and Procedures.** <br>

(a) The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the "Exchange Act") (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b) There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

------

**Item 17.** **Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.** <br>

(a) Not applicable to open-end investment companies.

(b) Not applicable to open-end investment companies.

------

**Item 18.** **Recovery of Erroneously Awarded Compensation.** <br>

(a) Not applicable.

(b) Not applicable.

------

**Item 19.** **Exhibits.** <br>

(a)(1) Not applicable to this filing.

(a)(2) Not applicable to this filing.

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| | |
|:---|:---|
| (a)(3) | [Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.](d95421dex9919a3.htm)  |

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(a)(4) Not applicable.

(a)(5) Not applicable.

(b) [Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 and Section 906 of the Sarbanes-Oxley Act of 2002 is attached hereto.](d95421dex9919b.htm)

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

<u>TIAA-CREF Funds</u> 

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| | |
|:---|:---|
| Date: February 5, 2026 | &nbsp;&nbsp;&nbsp;&nbsp; By: <u>/s/ Jordan M. Farris</u> <br> Jordan M. Farris<br> Chief Administrative Officer |

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Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

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| | |
|:---|:---|
| Date: February 5, 2026 | &nbsp;&nbsp;&nbsp;&nbsp; By: <u>/s/ Jordan M. Farris</u> <br> Jordan M. Farris<br> Chief Administrative Officer<br> (principal executive officer) |

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| | |
|:---|:---|
| Date: February 5, 2026 | &nbsp;&nbsp;&nbsp;&nbsp; By: <u>/s/ Marc Cardella</u> <br> Marc Cardella<br> Vice President and Controller<br> (principal financial officer) |

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## Exhibit 99.19

**Exhibit 19(a)(3)** 

**<u>CERTIFICATION</u>**

I, Jordan M. Farris, certify that:

1. I have reviewed this report on Form N-CSR of TIAA-CREF Funds;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

------

---

| | |
|:---|:---|
| Date: February 5, 2026 | &nbsp;&nbsp;&nbsp;&nbsp; By: <u>/s/ Jordan M. Farris</u> <br> Jordan M. Farris<br> Chief Administrative Officer<br> (principal executive officer) |

---

------

**<u>CERTIFICATION</u>**

I, Marc Cardella, certify that:

1. I have reviewed this report on Form N-CSR of TIAA-CREF Funds;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

------

---

| | |
|:---|:---|
| Date: February 5, 2026 | &nbsp;&nbsp;&nbsp;&nbsp; By: <u>/s/ Marc Cardella</u> <br> Marc Cardella<br> Vice President and Controller<br> (principal financial officer) |

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## Exhibit 99.19

**Exhibit 19(b)** 

**<u>CERTIFICATION</u>**

**Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002** 

**(Subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code)** 

In connection with the semi-annual report of TIAA-CREF Funds (the "Registrant") on Form N-CSR for the period ended November 30, 2025, as filed with the Securities and Exchange Commission (the "Report"), the undersigned officers of the Registrant certify that, to the best of each such officer's knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act
of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition and
results of operations of the Registrant.

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| | |
|:---|:---|
| Date: February 5, 2026 | &nbsp;&nbsp;&nbsp;&nbsp; By: <u>/s/ Jordan M. Farris</u> <br> Jordan M. Farris<br> Chief Administrative Officer<br> (principal executive officer) |

---

---

| | |
|:---|:---|
| Date: February 5, 2026 | &nbsp;&nbsp;&nbsp;&nbsp; By: <u>/s/ Marc Cardella</u> <br> Marc Cardella<br> Vice President and Controller<br> (principal financial officer) |

---