Nuveen Large Cap Responsible Equity Fund (Retirement Class) (TRSCX) is a mutual fund that seeks a favorable long-term total return that reflects the investment performance of the U.S. equity markets, as represented by the S&P 500 Index, while giving special consideration to certain environmental, social and governance (ESG) criteria. Under normal circumstances, the Fund invests at least 80% of its assets in large-cap equity securities that meet proprietary ESG criteria developed by MSCI Inc., favoring companies with leadership in ESG performance relative to their peers; it may also invest up to 15% in foreign securities and holds top positions in companies such as Microsoft Corp., NVIDIA Corp., Amazon.com Inc., Eli Lilly and Co., and Visa Inc. The Fund operates within the large blend category, targeting institutional and retirement plan investors such as those in employer-sponsored benefit plans, with net assets exceeding $6 billion and a low expense ratio of 0.43%.
Launched on October 1, 2002, as TIAA-CREF Social Choice Equity Fund (Retirement Class) and managed from headquarters in Charlotte, North Carolina, by Nuveen, a division of TIAA, the Fund underwent a significant rebranding effective May 1, 2024, aligning all TIAA-CREF Funds under the Nuveen name to facilitate exchanges between funds; this included updates to its benchmark, investment objective, and investment policy statement effective March 1 and May 1, 2024, respectively, with no changes to core strategies, risks, or management team of Philip Campagna, Darren Tran, and Nazar Romanyak.