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3 TIAA Mutual Funds for a Steady Portfolio

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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 $1.1 trillion in assets under management as of Sep 30, 2018. The major portion of its assets is allocated to stocks and fixed income securities.

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 around 16,000 institutional investors. The company has investments in more than 50 nations, with about 258 offices located in 26 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 Low Carbon Equity Fund Retirement Class (TEWCX - Free Report) aims for long-term total return. The fund invests the majority of its assets in equity securities. It invests in a manner that imitates the investment performance of the overall American stock market while focusing on certain environmental, social and governance criteria. TEWCX has three-year annualized returns of 14.3%.

TEWCX has an expense ratio of 0.57% compared with the category average of 0.94%.

TIAA-CREF Lifestyle Growth Fund Premier Class (TSGPX - Free Report) aims for long-term capital appreciation with some current income. The fund invests the majority of its assets in equity underlying funds and the minority in fixed-income underlying funds. TSGPX has three-year annualized returns of 10.9%.

John Cunniff is one of the fund managers of TSGPX since 2011.

TIAA-CREF Social Choice Equity Fund Retail Class (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 14.2%.

As of November 2019, TICRX held 715 issues, with 4.17% of its assets invested in Apple Inc.

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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