3 TIAA Mutual Funds You Must Grab Today

Previously known as TIAA-CREF, Teachers Insurance and Annuity Association of America Fund (TIAA) was founded by Andrew Carnegie in 1918. TIAA had $1.3 trillion in assets under management as of Mar 31, 2021. A major portion of its assets is allocated to stocks and fixed-income securities.

Nuveen, the investment management arm of TIAA, offers 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 258 offices located in 26 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 Fund Premier Class TRPGX seeks to achieve long-term total return through both appreciation of capital and investment income. The fund invests the lion’s share of its assets in equity securities that its adviser believes have the potential for capital appreciation, dividend income, or both. It focuses on large-cap securities that have the potential to appreciate faster and provide returns to its shareholders in the form of dividends, stock buy-backs or both. TRPGX has three-year annualized returns of 13.9%.

TRPGX has an expense ratio of 0.55% compared with the category average of 0.84%.

TIAA-CREF Lifecycle Retirement Income Fund Retail Class TLRRX seeks maximum total returns over the long run through income, with capital appreciation as its secondary focus. This fund of funds invests in Class W shares of other funds of the Trust as well as in other investment pools or investment products. It is designed for investors who are already in retirement and may have begun taking systematic withdrawals upon retirement. TLRRX has three-year annualized returns of 8%.

As of the end of September 2021, TLRRX held 22 issues, with 21.1% of its assets invested in TIAA-CREF Core Bond W.

TIAA-CREF Large-Cap Value Fund Retirement Class TRLCX invests the majority of its assets in securities of U.S.-based large-cap companies. The fund invests in companies with market capitalization identical to those included on the Russell 1000 Value Index and in securities of companies believed to be undervalued. TRLCX may invest a maximum of 20% of its assets in securities of companies located in foreign lands. The fund has three-year annualized returns of 9%.

Charles J Carr is one of the fund managers of TRLCX since 2018.

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.

Want key mutual fund info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Get Your Free (TRPGX): Fund Analysis Report
 
Get Your Free (TRLCX): Fund Analysis Report
 
Get Your Free (TLRRX): Fund Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report