Teachers Insurance and Annuity Association of America Fund (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.
TIAA had nearly $954 billion in assets under management as of Jun 30, 2017. TIAA Global Asset Management seeks to offer financial services pertaining to investment advice and portfolio management to more than five million customers and around 16,000 institutional investors.
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 Small-Cap Equity Premier TSRPX seeks long-term returns through growth of capital by investing mainly in equity securities of domestic small-cap companies. It invests a bulk of its assets in small-cap equity securities, which fall within the range of TSRPX’s benchmark index, Russell 2000. TIAA-CREF Small-Cap Equity Premier has one-year annualized returns of 13.5%.
As of November 2017, TSRPX held 294 issues, with 2.17% of its assets invested in State Street Navigator Securities Lending Government Money Market Portfolio.
TIAA-CREF Real Estate Securities Retirement TRRSX seeks maximum total returns over the long run through growth of capital and current income. TRRSX invests a large chunk of its assets in companies primarily involved in operations related to the real estate domain. The fund may invest a maximum of 15% of its assets in securities issued by foreign entities. TIAA-CREF Real Estate Securities Retirement has one-year annualized returns of 7.8%.
TRRSX has an expense ratio of 0.75% compared with the category average of 1.18%.
TIAA-CREF Mid-Cap Growth Retirement TRGMX invests a huge portion of its assets in mid-cap companies, as defined by its benchmark Russell Midcap Growth Index. The fund focuses on investing in those mid-cap companies that are expected to have strong growth potential. TRGMX seeks favorable returns through growth of capital. TIAA-CREF Mid-Cap Growth Retirement has one-year annualized returns of 26.2%.
George Ted Scalise is one of the fund managers of TRGMX since 2006.
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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Zacks Investment Research