If you have been looking for Mutual Fund Equity Report funds, a place to start could be TIAA-CREF Large Cap Value Premier (TRCPX). TRCPX carries a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
TRCPX finds itself in the TIAA-CREF family, based out of Boston, MA. The TIAA-CREF Large Cap Value Premier made its debut in September of 2009 and TRCPX has managed to accumulate roughly $77.31 million in assets, as of the most recently available information. The fund is currently managed by Charles Carr who has been in charge of the fund since November of 2018.
Performance
Investors naturally seek funds with strong performance. This fund carries a 5-year annualized total return of 7.79%, and it sits in the bottom third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 10.1%, which places it in the middle third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, TRCPX's standard deviation comes in at 20.14%, compared to the category average of 16.06%. The standard deviation of the fund over the past 5 years is 17.67% compared to the category average of 14.08%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. TRCPX has a 5-year beta of 1.01, which means it is likely to be as volatile as the market average. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. TRCPX's 5-year performance has produced a negative alpha of -5.12, which means managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Holdings
Examining the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is primarily on equities that are traded in the United States.
The mutual fund currently has 96.6% of its holdings in stocks, which have an average market capitalization of $239.77 billion. The fund has the heaviest exposure to the following market sectors: