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Look at These 3 Best Mutual Funds From the TIAA Portfolio

Zacks Equity Research
Updated
Asbury Automotive (ABG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Teachers Insurance and Annuity Association of America Fund (TIAA) was previously known as TIAA-CREF and founded by Andrew Carnegie in 1918. A major portion of its assets is allocated to stocks and fixed income securities. The company has investments in more than 50 nations with about 157 offices located globally.

TIAA had nearly $954 billion in assets under management as of Jun 30, 2017. TIAA 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.

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 Small-Cap Equity Premier TSRPX seeks long-term returns through growth of capital by investing mainly in equity securities of domestic small-cap companies. It invests a bulk of its assets in small-cap equity securities, which fall within the range of TSRPX’s benchmark index, Russell 2000. TIAA-CREF Small-Cap Equity Premier has three-year annualized returns of 9.9%.

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Adam Cao has been one of the fund managers of TSRPX since 2006.

TIAA-CREF Bond Plus Retail TCBPX invests the majority of its assets in bonds including different types of fixed-income securities. The fund’s portfolio is divided into two segments. The first segment holds more than 70% of fund’s assets that are invested in a wide variety of fixed-income securities and investment-grade bonds. The second segment has around 30% of its assets invested in fixed-income debt securities with special qualities. TIAA-CREF Bond Plus Retail has three-year annualized returns of 2%.

TCBPX has an expense ratio of 0.63% compared with the category average of 0.75%.

TIAA-CREF Social Choice Equity Retail TICRX seeks returns similar to the Russell 3000 Index. The fund invests the lion’s share of its assets in equity securities issued by companies after giving particular consideration to certain ESG criteria. TIAA-CREF Social Choice Equity Retail Class has three-year annualized returns of 9.5%.

As of December 2017, TICRX held 765 issues, with 2.74% of its assets invested in Microsoft Corp.

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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Zacks Investment Research