3 TIAA Mutual Funds You Must Add to Your Portfolio

TRCPX TSGPX TEWCX

Previously known as TIAA-CREF, Teachers Insurance and Annuity Association of America Fund (TIAA) was founded by Andrew Carnegie in 1918. TIAA had $1,098 billion in assets under management as of Dec 31, 2019. The major portion of its assets is allocated to stocks and fixed income securities.

Nuveen, the investment management arm of TIAA, offers financial services pertaining to investment advice and portfolio management to more than five million customers and around 16,000 institutional investors. The company has investments in more than 50 nations, with about 258 offices located in 26 countries.

Below we share with you three top-ranked TIAA Mutual Funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (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 Social Choice Low Carbon Equity Fund Retirement Class (TEWCX - Free Report) aims for long-term total return. The fund invests the majority of its assets in equity securities. It invests in a manner that imitates the investment performance of the overall U.S. stock market while focusing on certain environmental, social and governance criteria. TEWCX has three-year annualized returns of 10.1%.

TEWCX has an expense ratio of 0.57% compared with the category average of 0.92%.

TIAA-CREF Large-Cap Value Fund Premier Class (TRCPX - Free Report) seeks a high level of returns, primarily through growth of capital. TRCPX invests a huge chunk of its assets in equity securities of large-cap companies, which are expected to be undervalued. The fund invests in companies as defined by the fund's benchmark Russell 1000 Value Index. TIAA-CREF Large-Cap Value Premier has three-year annualized returns of 2.9%.

As of the end of May 2020, TRCPX held 84 issues, with 4.16% of its assets invested in JPMorgan Chase & Co.

TIAA-CREF Lifestyle Growth Fund Premier Class (TSGPX - Free Report) aims for long-term capital appreciation with some current income. The fund invests the majority of assets in equity underlying funds and the minority in fixed-income underlying funds. TSGPX has three-year annualized returns of 6.2%.

John Cunniff is the fund manager of TSGPX since 2011.

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.

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