Accolades are not something we strive for, yet they are a complement to our long, rich history of putting our investors first, and they confirm for our investors that our capabilities, products and services are best in class.
Thomson Reuters Lipper Best Overall Large Fund Company Award
For four years in a row, we won the Thomson Reuters Lipper Award for Best Overall Large Fund Company1
70% of TIAA-CREF mutual funds received a Morningstar overall rating of 4 or 5-stars (42.11% 4 stars and 28.07% 5 stars), based on risk-adjusted returns as of March 31, 2016.2
This reflects our funds' ability to deliver consistent and competitive, risk-adjusted returns and that 100% of our mutual funds and variable annuities have expense ratios below the median of their Morningstar categories.3
We’ve been named an ENERGY STAR® Partner of the Year by the U.S. Environmental Protection Agency nine years in a row, achieving Sustained Excellence level for the seventh consecutive year in recognition of our ongoing commitment to outstanding energy management practices and reduction of greenhouse gas emissions.
Thomson Reuters Lipper Best Mixed Assets Large Fund Company Award
Winner of the Thomson Reuters Lipper Best Mixed Assets Large Fund Company award for the TIAA-CREF Managed Allocation Fund and Lifecycle, Lifecycle Index and Lifestyle Series.4
Most Admired Corporate Dealmaker
Awarded 2015 "Most Admired Corporate Dealmaker" by The Deal.
Industry Innovation Awards
Awarded both the CIO Global and CIO Europe Industry Innovation Award in Alternative/Real Assets in recognition for providing institutional investors access to illiquid markets.
One of the world's largest asset managers
Pension and Investment
We're one of the largest managers of equity, fixed income assets and commercial real estate in the world, based on institutional tax-exempt assets under management.5,6
TIAA-CREF products may be subject to market and other risk factors. See the applicable product literature, or visit www.tiaa.org for details.
1 The Lipper Large Fund Award is given to the group with the lowest average decile ranking of three years’ Consistent Return for eligible funds over the three-year period ended 11/30/12, 11/30/13, 11/30/14 and 11/30/15 respectively. TIAA was ranked among 36 fund companies in 2012 48 fund companies in 2013 and 2014 and 37 fund companies in 2015 with at least five equity, five bond, or three mixed-asset portfolios. Classification averages are calculated with all eligible share classes for each eligible classification. The calculation periods extend over 36, 60, and 120 months. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or ten years. A detailed awards methodology can be found at http://excellence.thomsonreuters.com/award/lipper . From Thomson Reuters Lipper Awards, © 2016 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. Certain funds have fee waivers in effect. Without such waivers ratings could be lower. For current performance and rankings, please visit the Research and Performance section on TIAA.org. Past performance does not guarantee future results.
2 70% of TIAA’s funds received an overall Morningstar rating of 4 or 5 stars (42.11% 4 stars and 28.07% 5 stars), based on risk-adjusted returns as of March 31, 2016. Morningstar ratings based on the lowest cost share class for each mutual fund, based on U.S. open end mutual funds. For a fund with multiple share classes and the same pricing, the share class with the longest performance history is used. Morningstar ratings may be higher or lower on a monthly basis. Morningstar is an independent service that rates mutual funds. The top 10% of funds in an investment category receive five stars, the next 22.5% receive four stars and the next 35% receive three stars. Morningstar proprietary ratings reflect historical risk-adjusted performance and can change every month. They are calculated from the fund’s three-, five- and ten-year average annual returns in excess of 90-day Treasury bill returns with appropriate fee adjustments, and a risk factor that reflects fund performance below 90-day T-bill returns. The overall star ratings are Morningstar’s published ratings, which are weighted averages of its three-, five- and ten-year ratings for periods ended March 31, 2016. Past performance cannot guarantee future results. For current performance and rankings, please visit www.tiaa.org/public/investment-performance
3 Applies to mutual fund and variable annuity expense ratios. Source: Morningstar Direct, March 31, 2016. The expense ratio on all mutual fund products and variable annuity accounts managed by TIAA is generally less than half the mutual fund industry average. 70% are less than half their respective Morningstar Universe average and 63% are less than half their respective Morningstar Universe median.
Our mutual fund and variable annuity products are subject to various fees and expenses, including but not limited to management, administrative, and distribution fees; our variable annuity products have an additional mortality and expense risk charge.
4TIAA Investments was cited as Best Mixed Assets Large Group (three years), based on the Consistent Return as defined by superior consistency and risk-adjusted return when compared to Lipper Mixed-Asset Target Date Fund peer groups. The following funds are included in this category: TIAA-CREF Lifecycle Series (11), Lifecycle Index Series (11), Lifestyle Series (5) and the TIAA-CREF Managed Allocation Fund. Fund awards were based on risk-adjusted returns as of November 30, 2015. For the Mixed-Assets category, TIAA ranked against 39 fund families with at least five equity, five bond, or three mixed-asset portfolios. Past performance does not guarantee future results. For current performance and rankings, please visit the Research and Performance section on TIAA.org.
5 Pensions & Investments, May 26, 2014. Rankings based on institutional tax-exempt assets under management as of December 31, 2013 reported by each responding asset manager.
6 Pensions & Investments, October 27, 2014. Rankings based on institutional tax exempt assets under management as of June 30, 2014 reported by each responding asset manager.