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3 TIAA Mutual Funds for Phenomenal Returns (Revised)

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 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. 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 Growth & Income RetailTIIRX 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 that the fund's investment adviser believes have the potential for capital appreciation, dividend income or both. TIAA-CREF Growth & Income Retail has three-year annualized returns of 17%.

As of August 2018, TIIRX held 308 issues, with 4.44% of its assets invested in Apple Inc.

TIAA-CREF Real Estate Securities RetirementTRRSX 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 8.3%.

TRRSX has an expense ratio of 0.76% compared with the category average of 1.20%.

TIAA-CREF Tax-Exempt Bond RetailTIXRX invests a huge portion of its assets in certain types of municipal securities like tax-free bonds. The fund focuses on investing in bonds that are exempted from federal income tax as well as federal alternative minimum tax. TIAA-CREF Tax-Exempt Bond Retail has three-year annualized returns of 1.5%.

Joel Levy is the fund manager of TIXRX since 2015.

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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(We are reissuing this article to correct a mistake. The original article, issued on October 23, 2018, should no longer be relied upon.)

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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