Born from a legacy of making a difference, TIAA Asset Management is a global asset manager dedicated to helping institutional and individual investors achieve their investment goals. Today, we manage $632 billion in assets with a long-term perspective and deep expertise across a wide range of traditional and alternative asset classes.2
2013, 2014 & 2015 Lipper Awards: "Best Overall Large Fund Company"1
In 2013, 2014 and 2015, we received the Lipper Award for Best Overall Large Fund Company in the United States, based on three-year risk adjusted performance among 36 and 48 large investment managers.1
75% of our mutual funds received an overall Morningstar rating of four or five stars, based on risk-adjusted return (39% - 4 stars, 36% - 5 stars, as of June 30, 2015)4
This reflects our funds' ability to deliver consistent and competitive, risk-adjusted returns and that 100% of our mutual funds have expense ratios below the median of their Morningstar categories.2
1 TIAA-CREF wins the "Best Overall Fund Company" award in 2013, 2014 and 2015. The Lipper 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 11/20/12, 11/30/13, and 11/30/14 respectively. TIAA-CREF was ranked among 36 fund companies in 2012 and 48 fund companies in 2013 and 2014 with at least five equity, five bond, or three mixed-asset portfolios. Past performance does not guarantee future results.
2 As of March 31, 2015.
3 Applies to mutual fund and variable annuity expense ratios. Source: Morningstar Direct, June 30, 2015. The expense ratio on all mutual fund products and variable annuity accounts managed by TIAA-CREF is generally less than half the mutual fund industry average. 69% are less than half their respective Morningstar Universe average and 58% 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.
4 As of June 30, 2015, 39% have 4 stars and 36% have 5 stars. Morningstar ratings based on the lowest cost 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 accounts 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 account’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 subaccount 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 June 30, 2015. Past performance cannot guarantee future results. For current performance and rankings, please visit https://www.tiaa-cref.org/public/tcfpi/InvestResearch.