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3 TIAA Mutual Funds for Outstanding Returns

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Previously known as TIAA-CREF, Teachers Insurance and Annuity Association of America Fund (TIAA) was founded by Andrew Carnegie in 1918. TIAA had $1 trillion in assets under management as of Dec 31, 2017. A major portion of its assets is allocated to stocks and fixed income securities.

Nuveen seeks to offer 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 397 offices located in 19 countries.

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 Social Choice Equity Retail (TICRX - Free Report)  seeks returns similar to the Russell 3000 Index. The fund invests the lion’s share of its assets in equity securities issued by companies after giving particular consideration to certain ESG criteria. TIAA-CREF Social Choice Equity Retail Class has three-year annualized returns of 11%.

TICRX has an expense ratio of 0.46% compared with the category average of 0.94%.

TIAA-CREF Growth & Income Retail (TIIRX - Free Report) invests a major portion of its assets in equity securities of large-cap companies that are expected to be valued well. TIIRX seeks growth of income and capital. It will invest in securities that the fund's investment adviser believes have the potential for capital appreciation, dividend income or both. TIAA-CREF Growth & Income Retail has three-year annualized returns of 11.3%.

As of May 2018, TIIRX held 325 issues, with 3.79% of its assets invested in Apple Inc.

TIAA-CREF Tax-Exempt Bond Retail (TIXRX - Free Report) invests a huge part of its assets in a type of municipal securities like tax-free bonds. The fund focuses on investing in bonds that are exempted from federal income tax as well as federal alternative minimum tax. TIAA-CREF Tax-Exempt Bond Retail has returned 2.2% in the past year.

Joel Levy is the fund managers of TIXRX since 2015.

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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