Nuveen Lifecycle 2040 Fund I is a target-date mutual fund designed to help investors plan for retirement with a projected horizon around the year 2040. Its primary purpose is to provide a diversified investment solution that automatically adjusts its asset allocation over time, shifting from higher-risk growth assets such as equities toward more conservative assets like bonds as the target retirement date approaches. The fund employs a "fund of funds" structure, investing in a selection of underlying mutual funds to deliver broad market exposure and asset diversification. This fund is notable for its focus on long-term capital appreciation and income generation, tailored for individuals expecting to retire around 2040. Its portfolio features a mix of sectors, with significant allocations to technology, financials, health care, and consumer cyclical industries. The fund's asset-weighted Carbon Risk Score is low, reflecting limited exposure to carbon-related risks among its holdings. Nuveen Lifecycle 2040 Fund I plays an important role in the financial market by offering a professionally managed retirement solution, making it a popular choice for employer-sponsored retirement plans and individual investors seeking a simplified, age-appropriate investment strategy.
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