Teachers Insurance and Annuity Association of America (TIAA) aims to offer financial services pertaining to investment advice and portfolio management to a wide range of investors including individual investors, intermediaries and institutional clients. This New York-based company, which was founded in 1918 by Andrew Carnegie, has a major portion of its assets allocated to stocks and fixed income securities.
As of September 30, 2016, TIAA Global Asset Management had $907 billion assets under management invested in a wide range of securities. TIAA has investments in more than 50 nations. It invests in an array of mutual funds including both equity and fixed-income funds, and U.S. and non-U.S. funds. In 2017, the fund family received Lipper’s Best Overall Large Fund Company award for five consecutive years.
Below we share with you four top-rated 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 Retail TCMVX seeks high level of return through growth of capital. TCMVX invests a bulk of its assets in equity securities of the mid-cap companies, which are included in the fund’s benchmark, the Russell Midcap Value Index. These mid-cap companies are expected to be undervalued. TIAA-CREF Mid-Cap Value Retail returned 18.7% in the last one year.
Richard Cutler is one of the fund managers of TCMVX since 2002.
TIAA-CREF High-Yield R TIHRX generally invests in fixed income securities with low credit ratings and high yields. The fund invests in various types of fixed income securities including U.S. and non-U.S. corporate bonds, loan participations, debentures, preferred stocks and convertible securities. TIHRX seeks growth of income and capital.TIAA-CREF High-Yield R returned 15.4% in the last one year.
TIHRX has an expense ratio of 0.61% compared with the category average of 1.07%.
TIAA-CREF Large-Cap Value Retirement TRLCX seeks impressive total return over the long run through growth of capital. TRLCX invests a large chunk of its assets in large-cap companies, which are listed on the Russell 1000 Value Index. The fund may also invest not more than one-fifth of its assets in securities of non-US companies. TIAA-CREF Large-Cap Value Retirement returned 22.6% in the last one year.
As of January 2017, TRLCX held 177 issues, with 2.99% of its assets invested in Bank of America Corporation (NYSE:BAC).
TIAA-CREF Growth & Income Retail TIIRX invests a major portion of its assets in equity securities of large-cap companies that are expected to be valued well. TIIRX seeks growth of income and capital. It will invest in securities which the fund's investment adviser believes have the potential for capital appreciation, dividend income or both. TIAA-CREF Growth & Income Retail returned 17.2% in the last one year.
TIIRX has an expense ratio of 0.72% compared with the category average of 1.15%.
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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