3 TIAA Mutual Funds That You Should Grab Today

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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 Dec 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.

TIAA-CREF Social Choice Equity Fund Retail Class (TICRX Quick Quote TICRX - Free Report) 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. TICRX has three-year annualized returns of 18.1%.

TICRX has an expense ratio of 0.46% compared with the category average of 0.83%.

TIAA-CREF Lifestyle Growth Fund Premier Class (TSGPX Quick Quote TSGPX - Free Report) aims for long-term capital appreciation with some current income. The fund invests the majority of its assets in equity underlying funds and the minority in fixed-income underlying funds. TSGPX has three-year annualized returns of 12.4%.

As of the end of May 2021, TSGPX held 15 issues, with 19.87% of its assets invested in TIAA-CREF Core Plus Bond Instl.

TIAA-CREF Mid-Cap Growth Fund Retail Class (TCMGX Quick Quote TCMGX - Free Report) aims for a favorable total return over a long period of time. The fund invests the majority of its assets in securities of medium-sized domestic companies as defined by the Russell Midcap Growth Index, which the investment adviser believes has the opportunity for growth. TCMGX has three-year annualized returns of 20.2%.

Adrian Almazan is one the fund managers of TCMGX since 2019.