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Teachers Insurance and Annuity Association of America Fund (TIAA), previously known as TIAA-CREF, was founded in 1918. Nuveen, the investment management arm of TIAA, seeks to offer financial services pertaining to investment advice and portfolio management to more than five million customers and at least 16,500 employees. This Andrew Carnegie-led company has investments in more than 50 nations with about 397 offices located in 19 different countries.
TIAA had around $1 trillion in assets under management as of Jun 30, 2018. A major portion of its assets is allocated to stocks and fixed income securities. In fact, the fund family won the Thomson Reuters Lipper Best Mixed Assets Large Fund Company award for three straight years, including 2018, and the Best Overall Large Fund Company award for six consecutive years, including 2018.
TIAA-CREF Growth & Income Retail (TIIRX - Free Report) aims to grow capital and income by investing a major portion of its assets in equity securities of large-cap, income-generating companies. TIIRX invests 80% of its assets in equity securities. TIAA-CREF Growth & Income Retail has three-year annualized returns of 13%.
Susan Kempler is the fund manager of TIXRX since 2005.
TIAA-CREF High-Yield Retail (TIYRX - Free Report) aims for high current income and capital growth when its primary objective is fulfilled. The fund primarily invests in higher-yielding fixed-income securities that are lower-rated. The fund may invest in domestic and foreign corporate bonds, loan participations and assignments and notes, debentures, preferred stocks and convertible securities. Ideally, the fund invests the majority of its securities in debt and other fixed-income securities that are rated lower than investment-grade or other debt securities that offer high yields. TIYRX has three year annualized returns of 7.8%.
TIYRXhas an expense ratio of 0.62% compared with the category average of 1.02%.
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 13%.
As of February 2019, TICRX held 756 issues, with 3.23% of its assets invested in Microsoft Corp.
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3 TIAA Mutual Funds for Spectacular Returns
Teachers Insurance and Annuity Association of America Fund (TIAA), previously known as TIAA-CREF, was founded in 1918. Nuveen, the investment management arm of TIAA, seeks to offer financial services pertaining to investment advice and portfolio management to more than five million customers and at least 16,500 employees. This Andrew Carnegie-led company has investments in more than 50 nations with about 397 offices located in 19 different countries.
TIAA had around $1 trillion in assets under management as of Jun 30, 2018. A major portion of its assets is allocated to stocks and fixed income securities. In fact, the fund family won the Thomson Reuters Lipper Best Mixed Assets Large Fund Company award for three straight years, including 2018, and the Best Overall Large Fund Company award for six consecutive years, including 2018.
Below we share with you four 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 Growth & Income Retail (TIIRX - Free Report) aims to grow capital and income by investing a major portion of its assets in equity securities of large-cap, income-generating companies. TIIRX invests 80% of its assets in equity securities. TIAA-CREF Growth & Income Retail has three-year annualized returns of 13%.
Susan Kempler is the fund manager of TIXRX since 2005.
TIAA-CREF High-Yield Retail (TIYRX - Free Report) aims for high current income and capital growth when its primary objective is fulfilled. The fund primarily invests in higher-yielding fixed-income securities that are lower-rated. The fund may invest in domestic and foreign corporate bonds, loan participations and assignments and notes, debentures, preferred stocks and convertible securities. Ideally, the fund invests the majority of its securities in debt and other fixed-income securities that are rated lower than investment-grade or other debt securities that offer high yields. TIYRX has three year annualized returns of 7.8%.
TIYRXhas an expense ratio of 0.62% compared with the category average of 1.02%.
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 13%.
As of February 2019, TICRX held 756 issues, with 3.23% of its assets invested in Microsoft Corp.
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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