Teachers Insurance and Annuity Association of America Fund (TIAA) has nearly $954 billion in assets under management (as of Sep 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. The company has investments in more than 50 nations with about 157 offices located globally.
Below we share with you three 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 Large-Cap Value Fund Retail Class (TCLCX - Free Report) invests a bulk of its assets in large cap U.S. companies that are expected 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 Fund Retail Class has three-year annualized returns of 6.1%.
Richard Cutler is one of the fund managers of TCLCX since 2002.
TIAA-CREF Real Estate Securities Fund Retail Class (TCREX - Free Report) seeks returns for the long run through growth of capital and income. TCREX invests heavily in securities of companies that are involved in the real estate industry. The fund may also invest in real estate securities issued by non-U.S. companies and up to one-fifth of its assets in equity and debt securities of companies that are not involved in the real estate industry. TIAA-CREF Real Estate Securities Fund Retail Class has three-year annualized returns of 8.6%.
As of June 2017, TCREX held 61 issues, with 5.19% of its assets invested in Rexford Industrial Realty Inc.
TIAA-CREF Bond Plus Fund Retirement Class (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 Fund Retirement Class has three-year annualized returns of 3.2%.
TCBRX has an expense ratio of 0.56% compared with the category average of 0.77%.
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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