TIAA-CREF Managed Allocation Retail (TIMRX) a Zacks Rank #1 (Strong Buy) invests in underlying funds according to a relatively stable asset allocation strategy and will generally seek to meet its investment objective by investing: (1) approximately 60% of its assets in equity underlying funds including up to 5% of its assets in real estate underlying funds; and (2) approximately 40% of its assets in fixed-income underlying funds ("target allocations").
This Allocation Balanced fund, as of the last filing, allocates their fund in three major groups; Large Growth, Intermediate Bond and Foreign Stock. Further, as of the last filing, TIAA-CREF BOND PLUS FUND, TIAA CREF ENH LG CAP GR I and TIAA CREF ENH LG CAP VAL were the top holdings for TIMRX.
The TIAA-CREF Managed Allocation Retail fund, managed by American Cent, carries an expense ratio of 0.25%. Moreover, TIMRX requires a minimal initial investment of $2,500.
TIMRX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 3.26%, 3 year 4.31% and 5 year 7.94%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
TIMRX’s performance, as of the last filing, when compared to funds in its category was in the top 31% in 1 year, top 18% over the past 3 years, and in the 26% over the past 5 years.
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