Teachers Insurance and Annuity Association of America Fund (TIAA) has nearly $889 billion in assets under management (as of Jun 30, 2016). TIAA Global Asset Management seeks to offer financial services pertaining to investment advice and portfolio management to more than 5 million customers and around 16,000 institutional investors.
TIAA was previously known as TIAA-CREF and founded by Andrew Carnegie in 1918. A major portion of its assets is allocated to stocks and fixed income securities. TIAA has nearly 13,000 employees including 700 advisors and consultants. The company has investments in more than 50 nations with about 157 offices located globally.
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 Emerging Markets Equity Retail (TEMRX - Free Report) seeks returns over the long run through growth of capital. TEMRX invests a bulk of its assets in equity securities of companies based in emerging markets or having similar economic characteristics like emerging markets equity securities. TIAA-CREF Emerging Markets Equity Retail fund has one-year and year-to-date (YTD) returns of 2.5% and 5.5%, respectively.
Barton Grenning is the fund manager of TEMRX since 2015.
TIAA-CREF Mid-Cap Value Premier (TRVPX - Free Report) invests heavily in equity securities of mid cap companies that are believed to be undervalued according to Teachers Advisors, Inc. TRVPX seeks a high level of total return through capital growth. TRVPX focuses on acquiring equities of companies that are located in the U.S. and having market capitalization within the range of the Russell Midcap Value Index. TIAA-CREF Mid-Cap Value Premier fund has one-year and YTD returns of 10.4% and 14.8%, respectively.
TRVPX has an expense ratio of 0.54% as compared to category average of 1.20%.
TIAA-CREF High-Yield Retail (TIYRX - Free Report) seeks appreciation of income and capital. TIYRX invests mainly in high yield bonds which are rated below investment-grade. The fund invests both in U.S. and non-U.S. debentures, corporate bonds, preferred stocks and convertible securities. TIAA-CREF High-Yield Retail fund has one-year and YTD returns of 10.9% and 14.1%, respectively.
As of September 2016, TIYRX held 452 issues, with 1.99% of its assets invested in Prime Sec Svcs Borrower Llc / 144A 9.25%.
TIAA-CREF Bond Plus R (TCBRX - Free Report) invests a large portion of its assets in bonds, including fixed-income securities. TCBRX seeks growth of income for the long run. The fund invests not only in fixed-income securities but also in investment-grade bonds. TIAA-CREF Bond Plus R fund has one-year and YTD returns of 2.8% and 4%, respectively.
TCBRX has an expense ratio of 0.56% as compared to category average of 0.78%.
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 >>