Teachers Insurance and Annuity Association of America (TIAA) aims to offer financial services pertaining to investment advice and portfolio management to a wide range of investors including individual investors, intermediaries and institutional clients. This New York-based company, which was founded in 1918 by Andrew Carnegie, has a major portion of its assets allocated to stocks and fixed income securities.
TIAA Global Asset Management had $938 billion assets under management invested in a wide range of securities. The issuer has investments in more than 50 countries and an array of mutual funds including both equity and fixed-income funds, and U.S. and non-U.S. funds. In 2017, the fund family received Lipper’s Best Overall Large Fund Company award for five consecutive years.
Below we share with you four top-ranked 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 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 2.7%.
TCBPX has an expense ratio of 0.63% compared with the category average of 0.78%.
TIAA-CREF Managed Allocation Fund Retail TIMRX seeks a high level of returns. TIMRX, also known as a "fund of funds" invests about 60% of its assets in equity underlying funds which include almost 5% of its assets in real estate underlying funds; and about 40% of its assets in fixed-income underlying funds. TIAA-CREF Managed Allocation Fund Retail has returned 13.6% in the last one-year period.
As of May 2017, TIMRX held 15 issues, with 39.07% of its assets invested in TIAA-CREF Bond Plus Inst.
TIAA-CREF Large-Cap Value Premier TRCPX seeks returns over the long run primarily through growth of capital. TRCPX invests the lion’s share 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 returned 18.1% in the last one-year period.
Richard Cutler is one of the fund managers of TRCPX since 2002.
TIAA-CREF Real Estate Securities Fund Premier ( TRRPX Quick Quote TRRPX - Free Report) heavily invests in equity securities issued by companies engaged in the real estate industry. TRRPX may also invest almost 15% of its assets in real estate securities of non-U.S. issuers and almost one-fifth of its assets in equity and debt securities of issuers that are not related to the real estate industry. TIAA-CREF Real Estate Securities Fund Premier has returned 6.6% in the last one-year period.
TRRPX has an expense ratio of 0.65% compared with the category average of 1.24%.
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?
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