Nuveen Lifecycle Index 2040 R6 (TLZIX)
Nuveen Lifecycle Index 2040 R6 operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $37.45, up 0.38% on the session, giving a market capitalisation of $12.26B. Its beta of 1.10 implies it has historically moved more than the broad market.
This investment vehicle functions as a "fund of funds," primarily channeling its capital into Class W shares of other funds managed by the Trust, with the flexibility to incorporate various other investment pools or products. A core directive mandates that at least 80% of its total capital—encompassing both net assets and any funds acquired through borrowing for investment purposes—must be deployed into underlying funds engineered to mirror the performance of specific market benchmarks. The advisors currently project that approximately 81.20% of the fund's holdings will be allocated to underlying equity investments, with the remaining 18.80% directed towards underlying fixed-income investments.
Nuveen Lifecycle Index 2040 R6 is most often compared with the following Financial Services names: