TIAA-CREF Mutual Funds

TIAA-CREF Managed Allocation Fund (Retirement)


Daily NAV


Day's Change


Portfolio Net Assets


Gross / Net Expense Ratio

The net annual expense ratio represents expenses after reimbursement and waivers, while the gross annual expense ratio represents expenses without reimbursements and waivers. Certain funds have expense reimbursement arrangements that will continue through at least September 30, 2015, except for equity funds, fixed income funds, the Real Estate Securities Fund, and the International Opportunities Fund, which have an expiration date of February 29, 2016, July 31, 2016, July 31, 2016, and February 29, 2016 respectively, and can only be changed with approval of the Board of Trustees. Without these waivers and reimbursements, Fund expenses would be higher and their performance would have been lower.

Overall Morningstar Rating

The Overall Morningstar Rating is based on risk-adjusted return, and is a weighted average of the applicable 3-, 5-, and 10-year Ratings.

52 Week Range

0.01 (0.08%)
0.71% / 0.67%
$11.48 - $12.62
As of close 08/28/2015As of 07/31/2015
As of 07/31/2015
Based on risk adjusted returns

Hypothetical Growth of $10,000 
The chart illustrates the performance of a hypothetical $10,000 investment made on the date indicated. The total returns are not adjusted to reflect sales charges or the effects of taxation, but are adjusted to reflect actual ongoing expenses, and assume reinvestment of dividends and capital gains, net of all recurring costs.

06/30/2012 - 06/30/2015

  • 3 Month
  • 6 Month
  • 1 Year
  • 3 Years
  • 5 Years
  • Since Inception

Portfolio Overview

  • Investment Strategy
  • Management Team
  • Class

    Retirement Class

  • Dividend Frequency


  • Redemption Fee


  • Inception Date


  • Ticker




The Managed Allocation Fund seeks favorable returns that reflect the broad investment performance of the financial markets through capital appreciation and investment income. The fund will pursue this goal through a "fund of funds" approach, whereby it will make investments primarily in other mutual funds. It typically maintains a relatively stable asset allocation strategy with approximately 60% of its assets in underlying equity funds (including up to 5% in real estate) and approximately 40% in underlying fixed-income funds. The fund may deviate from these target allocations by up to 10% depending upon current market conditions and outlook. As a result of its investments in various underlying funds, the Managed Allocation Fund’s returns will reflect investments across a mix of domestic and foreign equities of all capitalization sizes and a variety of domestic and foreign fixed-income instruments across maturities and credit qualities.

John Cunniff, CFA

Managing Director, Equity Investments, Quantitative Portfolio Management

Hans Erickson, CFA

Managing Director, Head of Lifecycle Portfolio Management

Performance Returns 
Average annual total return is a hypothetical rate of return that, if achieved annually, would have produced the same cumulative total return if performance had been constant over the entire period. Average annual total returns smooth out variation in performance; they are not the same as actual year-by-year results. Also, it is the average annual profit or loss realized by an investment at the end of a specified calendar period, stated as the percentage gained or lost per dollar invested.

  • Monthly
  • Quarterly

Portfolio Composition

Portfolio Composition provides details for the investments that constitute a particular fund.

Current Asset Allocation

As of 06/30/2015
% of
Net Assets
U.S. Equity40.91%
Fixed Income39.94%
International Equity18.95%
Short-Term Fixed Income0.01%
Short-Term Investments, Other Assets & Liabilities, Net0.19%

Top 10 Holdings 
The top 10 holdings are subject to change and may not be representative of the fund's current or future investments. The holdings listed only include the fund's long-term investments and may exclude any temporary cash investments and equity index products. The holdings listed should not be considered a recommendation to buy or sell a particular security. Top holdings by issuer includes the underlying ordinary shares combined with any depositary receipts, preferred shares, contract for differences (CFDs), rights, options and warrants as applicable.

As of 06/30/2015
Market Value ($)% of
Net Assets
TIAA-CREF Bond Plus Fund300.9M38.93%
TIAA-CREF Large-Cap Growth Fund62.4M8.07%
TIAA-CREF Enhanced Large-Cap Growth Index Fund59.6M7.71%
TIAA-CREF Large-Cap Value Fund57.4M7.43%
TIAA-CREF Enhanced Large-Cap Value Index Fund55.1M7.12%
TIAA-CREF Growth & Income Fund50.6M6.54%
TIAA-CREF International Equity Fund41.5M5.37%
TIAA-CREF Enhanced International Equity Index Fund36.6M4.73%
TIAA-CREF International Opportunities Fund34.7M4.48%
TIAA-CREF Emerging Markets Equity Fund27.0M3.49%


A research company that rates the performance of Mutual Funds and Variable Annuities.

Morningstar Rating

    OUT OF 816 FUNDS
  • 3 YEAR
    OUT OF 816 FUNDS
  • 5 YEAR
    OUT OF 711 FUNDS
  • 10 YEAR

The Overall Morningstar Rating is based on risk-adjusted return, and is a weighted average of the applicable 3-, 5-, and 10-year Ratings.

Morningstar Stylebox

  • MID

The Morningstar Style Box™ reveals a fund's investment strategy. For equity funds, the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth).

Morningstar Category

Moderate Allocation

Morningstar Risk Measures

  • LOW
  • AVG
  • HIGH

Investment Risk

Investment risk is usually related to the performance of an investment—riskier investments offer potentially higher returns—but are more volatile in the short-term. Beta (past price fluctuations), R-Squared (performance against benchmark index), and Standard Deviation (past volatility) are all used to calculate the degree of risk associated with individual investments.

Level of risk is defined using the 3 Year Standard Deviation of the Investment.

Following risk measures below are based on a 3 Year period.

  • Standard Deviation

  • R-Squared

  • Sharpe Ratio

  • Beta