Credit: Shutterstock photoTIAA-CREF Managed Allc Retail ( TIMRX ) a Zacks Rank #2 (Buy) is a "fund of funds" that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products. It invests in underlying funds according to a relatively stable asset allocation strategy and will generally seek to meet its investment objective by investing: (1) approximately 60% of its assets in equity underlying funds including up to 5% of its assets in real estate underlying funds; and (2) approximately 40% of its assets in fixed-income underlying funds
This Allocation Balanced fund, as of the last filing, allocates their fund in three major groups; Large Growth, Large Value and Intermediate Bond. Further, as of the last filing, TIAA-CREF BOND PLUS FUND, TIAA CREF INS GROWTH & IN and TIAA-CREF LARGE-CAP VALUE were the top holdings for TIMRX.
The TIAA-CREF Managed Allc Retail fund, managed by TIAA-CREF , carries an expense ratio of 0.25%. Moreover, TIMRX requires a minimal initial investment of $100.
TIMRX has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 1, 3, 5 year benchmarks; 1 year 15.52%, 3 year 4.63% and 5 year 7.65%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .
TIMRX's performance, as of the last filing, when compared to funds in its category was in the top 44% in 1 year, top 28% over the past 3 years, and in the 30% over the past 5 years.
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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.
