4 Top-Ranked TIAA Mutual Funds To Invest In

Teachers Insurance and Annuity Association of America (TIAA), formerly known as TIAA-CREF, was founded by Andrew Carnegie in 1918. As of September 30, 2016, TIAA Global Asset Management had $915 billion assets under management invested in a wide range of securities. The major portion of its assets are allocated to stocks and fixed income securities. TIAA seeks to offer financial services pertaining to investment advice and portfolio management to a wide range of investors including individual investors, intermediaries and institutional clients. The company invests in an array of mutual funds including both equity and fixed-income funds, and U.S. and non-U.S. funds. In Nov 2016, the fund family won Lipper’s Best Overall Large Fund Company award for fourth consecutive year.

Below we share with you four top-rated 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 Bond Plus Retail (TCBPX - Free Report) 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 which 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 a one-year return of 4.7%.

As of December 2016, TCBPX held 1400 issues, with 2.28% of its assets invested in US Treasury Note 1.875%.

TIAA-CREF High-Yield Premier (TIHPX - Free Report) seeks growth of income and capital. TIHPX generally invests in fixed income securities with low credit ratings and high yields. The various types of fixed income securities, the fund invests in U.S. and non-U.S. corporate bonds, loan participations, debentures, preferred stocks and convertible securities. TIAA-CREF High-Yield Premier returned 22.9% in the last one-year period.

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