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. The 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 toinvestment adviceand 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 four 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 Fund Premier Class TRVPX seeks long-term total return through capital growth. The fund invests the majority of its assets in equity securities of medium-sized domestic companies. TRVPX has three and five-year annualized returns of 11% and 5.9% respectively.
TRVPX has an expense ratio of 0.57% compared with the category average of 1.09%.
TIAA-CREF Growth & Income Fund Retirement Class TRGIX aims for long-term total return. The fund invests the majority of its assets in equity securities. It invests in securities that the fund’s advisor believes has scope for dividend income or capital growth, or both. TRGIX has three and five-year annualized returns of 14.7% and 9.3% respectively.
Susan Kempler is the fund manager of TRGIX since 2005.
TIAA-CREF High-Yield Fund Premier Class TIHPX aims for high current income and capital growth. The fund mostly invests in lower-rated higher-yielding fixed-income securities. The fund invests the majority of its assets in debt and other fixed-income securities rated lower than investment-grade or other high-yielding debt securities.TIHPX has three and five-year annualized returns of 9.2% and 4.1% respectively.
As of January 2019, TIHPX held 457 issues, with 1.09% of its assets invested in
Prime Securities Services Borrower, LLC and Prime Finance, Inc. 9.25%.
TIAA-CREF Inflation-Linked Bond Fund Retirement Class TIKRX seeks to invest in inflation-linked bonds with the aim to generate long-term rate of return that can outpace inflation. The fund mostly invests in fixed-income securities whose principal value rises or declines depending on changes in the Consumer Price Index for All Urban Consumers over the security’s lifespan. TIKRX has three and five-year annualized returns of 1.1% and 0.8% respectively.
TIKRX has an expense ratio of 0.51% compared with the category average of 0.81%.
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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