Nuveen Lifecycle Index 2060 Fund R6 (TVIIX)
Nuveen Lifecycle Index 2060 Fund R6 operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $26.48, up 0.34% on the session, giving a market capitalisation of $3.75B. Its beta of 1.21 implies it has historically moved more than the broad market.
This investment vehicle functions as a "fund of funds," meaning it primarily allocates its capital to other investment portfolios rather than investing directly in individual securities. It predominantly invests in Class W shares of other funds within the same Trust, with the flexibility to also include other investment pools or products. A fundamental policy dictates that a minimum of 80% of its total assets (encompassing both net assets and any funds borrowed for investment purposes) must be channeled into underlying funds whose objective is to replicate the returns of specific market indices. As of now, the advisors expect to commit approximately 93% of the fund's capital to underlying equity-focused funds, while the remaining 7% is earmarked for underlying fixed-income investments.
Nuveen Lifecycle Index 2060 Fund R6 is most often compared with the following Financial Services names: