Back to top

Image: Bigstock

4 Top-Ranked TIAA Mutual Funds to Invest In

Read MoreHide Full Article

Teachers Insurance and Annuity Association of America (TIAA), formerly known as TIAA-CREF, was founded by Andrew Carnegie in 1918. As of September 30, 2016, TIAA Global Asset Management had $915 billion assets under management invested in a wide range of securities. The major portion of its assets are allocated to stocks and fixed income securities. TIAA seeks to offer financial services pertaining to investment advice and portfolio management to a wide range of investors including individual investors, intermediaries and institutional clients. The company invests in an array of mutual funds including both equity and fixed-income funds, and U.S. and non-U.S. funds. In Nov 2016, the fund family won Lipper’s Best Overall Large Fund Company award for fourth consecutive year.

Below we share with you four top-rated TIAA Mutual Funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of TIAA Mutual Funds.

TIAA-CREF Bond Plus Retail (TCBPX - Free Report) invests the majority of its assets in bonds including different types of fixed-income securities. The fund’s portfolio is divided into two segments. The first segment holds more than 70% of fund’s assets which are invested in a wide variety of fixed-income securities and investment-grade bonds. The second segment has around 30/% of its assets invested in fixed-income debt securities with special qualities. TIAA-CREF Bond Plus Retail has a one-year return of 4.7%.

As of December 2016, TCBPX held 1400 issues, with 2.28% of its assets invested in US Treasury Note 1.875%.

TIAA-CREF High-Yield Premier (TIHPX - Free Report) seeks growth of income and capital. TIHPX generally invests in fixed income securities with low credit ratings and high yields. The various types of fixed income securities, the fund invests in U.S. and non-U.S. corporate bonds, loan participations, debentures, preferred stocks and convertible securities. TIAA-CREF High-Yield Premierreturned 22.9% in the last one-year period.

TIHPXhas an expense ratio of 0.51% as compared with the category average of 1.08%. 

TIAA-CREF Large-Cap Value Retail (TCLCX - Free Report) invests a bulk of its assets in large cap U.S. companies that are believed to be undervalued compared to its industry peers. TCLCX uses the market capitalization range of the Russell 1000 Value Index to select large cap companies. The fund may invest a maximum of 20% of its assets in non-U.S. securities. TIAA-CREF Large-Cap Value Retail has one-year return of 33.8%.

Richard Cutler is one of the fund managers of TCLCX since 2002.

TIAA-CREF Growth & Income Retirement (TRGIX - Free Report) seeks long-term total return through both capital appreciation and investment income. TRGIX normally invests a large portion of its assets in equity securities. The fund will invest in large-cap securities that are expected to have the potential for capital appreciation, dividend income, or both. TIAA-CREF Growth & Income Retirement returned 24.7% in the last one-year period.

TRGIX has an expense ratio of 0.67% as compared with the category average of 1.08%.

To view the Zacks Rank and past performance of all TIAA Mutual Funds, investors can click here to see the complete list of TIAA Mutual Funds.

Want key mutual fund info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>