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, 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 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 Mid-Cap Value Premier TRVPX invests heavily in equity securities of mid-cap companies that are believed to be undervalued according to Teachers Advisors, Inc. TRVPX seeks a high level of total return through capital growth. TRVPX focuses on acquiring equities of companies that are located in the United States and having market capitalization within the range of the Russell Midcap Value Index. TIAA-CREF Mid-Cap Value Premier fund has three-year annualized returns of 3.7%.
TRVPX has an expense ratio of 0.54% as compared with the category average of 1.09%.
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 three-year annualized returns of 3.7%.
David Copp is the fund manager of TRRSX since 2005.
TIAA-CREF Social Choice Equity Retail TICRX 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 8.8%.
As of November 2018, TICRX held 687 issues, with 3.36% of its assets invested in Microsoft Corp (NASDAQ:MSFT).
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