TIAA Investments has something to crow about—it's just been named by Lipper as the best overall large fund company for the fourth year in a row.

The Lipper Fund Awards single out for notice the funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers. Classifications of three-, five-, and 10-year periods, as well as fund families with high average scores for the three-year period, are recognized.

TIAA Investments demonstrated the best three-year risk-adjusted performance across multiple asset classes among 37 mutual fund families. It also received the U.S. Lipper Fund Award for best mixed-assets large fund company, coming in at the top of 39 mutual fund families eligible for the award—which was based on the three-year risk-adjusted performance for its lifecycle, lifecycle index and lifestyle and managed allocation funds.

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Mixed-asset funds are asset allocation, target-date or target-risk funds that combine multiple asset classes (stocks, bonds and short-term investments) in a single portfolio.

Not to be outdone, Fidelity Investments took home 26 Lipper Fund Awards for 18 of its mutual funds. The Fidelity funds recognized by Lipper range across a variety of asset classes and styles from equities, fixed-income and asset allocation to international, high-income and sector funds.

Other top honors award winners were the Oakmark Family of Funds, for large company equity; PRIMECAP Management Company, for small company equity; Metropolitan West Asset Management, LLC, for large company fixed income; Guggenheim Investments for small company fixed income, and Thrivent Mutual Funds for small company mixed assets and for overall, small company.

A complete list of winners is available at the Lipper Fund Awards website.

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