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 around 15,000 institutional investors.
The company has investments in more than 50 nations, with about 258 offices located in 26 countries. TIAA had around $1.3 trillion in assets under management as of Dec 31, 2020.
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 Retirement Class TRLCX invests the majority of its assets in securities of U.S.-based large-cap companies. The fund invests in companies with market capitalization identical to those included on the Russell 1000 Value Index and in securities of companies that are believed to be undervalued. TRLCX may invest a maximum of 20% of its assets in securities of companies that are located in foreign lands. The fund has three-year annualized returns of 10.6%.
TRLCX has an expense ratio of 0.66% compared with the category average of 0.94%.
TIAA-CREF Lifestyle Growth Fund Premier Class TSGPX 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 13%.
John Cunniff is one the fund managers of TSGPX since 2011.
TIAA-CREF Lifecycle Retirement Income Fund Retail Class TLRRX seeks maximum total returns over the long run through income, with capital appreciation as its secondary focus. This fund of funds invests in Class W shares of other funds of the Trust as well as in other investment pools or investment products. It is designed for investors who are already in retirement and may have begun taking systematic withdrawals upon retirement. TLRRX has three-year annualized returns of 8.7%.
As of the end of June 2021, TLRRX held 22 issues, with 20.8% of its assets invested in TIAA-CREF Core Bond W.
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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