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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.13

$4.38 B

4.11%

$0.37

0.62%

Vitals

YTD Return

0.0%

1 yr return

4.3%

3 Yr Avg Return

-1.7%

5 Yr Avg Return

1.2%

Net Assets

$4.38 B

Holdings in Top 10

15.6%

52 WEEK LOW AND HIGH

$9.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.62%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 251.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$2,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.13

$4.38 B

4.11%

$0.37

0.62%

TCBPX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.19%
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    TIAA-CREF Core Plus Bond Fund
  • Fund Family Name
    TIAA-CREF FUNDS COMPLEX
  • Inception Date
    Mar 31, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Individual
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kevin Lorenz

Fund Description

Under normal circumstances, the Fund invests at least 80% of its assets in bonds. For these purposes, bonds include fixed-income securities of all types. The Fund’s portfolio is divided into two segments. The first segment, which makes up at least 70% of the Fund’s assets, is invested primarily in a broad

range of investment-grade bonds and fixed-income securities, including, but not limited to, corporate bonds, U.S. Treasury and agency securities and mortgage-backed and asset-backed securities. The securities within the Fund’s first segment are mainly high-quality instruments rated in the top four credit categories by Moody’s or S&P, or deemed to be of the same quality by Teachers Advisors, LLC (“Advisors”) using its own credit analysis. The second segment, which will not exceed 30% of the Fund’s assets, is invested in fixed-income securities and bonds with special features in an effort to improve the Fund’s total return. Potential investments in this segment include, but are not limited to, non-investment-grade securities (those rated Ba1 or lower by Moody’s or BB+ or lower by S&P), emerging market fixed-income securities, convertible and preferred securities, senior loans and loan participations and assignments and notes. Non-investment-grade securities are usually called “high yield” or “junk bonds” and are speculative in nature. For purposes of the 80% investment policy, the term “assets” means net assets, plus the amount of any borrowings for investment purposes.

The Fund may invest in fixed-income securities of any duration. As of May 31, 2023, the duration of the Fund’s benchmark index, the Bloomberg U.S. Aggregate Bond Index, was 6.27 years.

The Fund’s investments in mortgage-backed securities can include pass-through securities sold by private, governmental and government-related organizations and collateralized mortgage obligations (“CMOs”). Mortgage pass-through securities are created when mortgages are pooled together and interests in the pool are sold to investors. The cash flow from the underlying mortgages is “passed through” to investors in periodic principal and interest payments. CMOs are obligations that are fully collateralized directly or indirectly by a pool of mortgages from which payments of principal and interest are dedicated to the payment of principal and interest on the CMO.

The Fund may use an investment strategy called “mortgage rolls” (also referred to as “dollar rolls”), in which the Fund sells securities for delivery in the current month and simultaneously contracts with a counterparty to repurchase similar (same type, coupon and maturity) but not identical securities on a specified future date. The Fund loses the right to receive principal and interest paid on the securities sold. However, the Fund would benefit to the extent of any price received for the securities sold and the lower forward price for the future purchase (often referred to as the “drop”) plus the interest earned on the short-term investment awaiting the settlement date of the forward purchase. If such benefits exceed the income and gain or loss due to mortgage repayments that would have been realized on the securities sold as part of the mortgage roll, the use of this technique will enhance the investment performance of the Fund compared with what such performance would have been without the use of mortgage rolls. Realizing benefits from the use of mortgage rolls depends upon the ability of Advisors to predict correctly mortgage prepayments and interest rates.

The Fund can make foreign investments, including investments in emerging market countries and non-dollar-denominated instruments, but the Fund does not expect such investments to exceed 25% of its assets under most circumstances.

The Fund may also engage in relative value trading, a strategy in which the Fund reallocates assets across different sectors and maturities. Relative value trading is designed to enhance the Fund’s returns but increases the Fund’s portfolio turnover rate.

The Fund may purchase and sell futures, options, swaps, forwards and other fixed-income derivative instruments to carry out the Fund’s investment strategies.

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TCBPX - Performance

Return Ranking - Trailing

Period TCBPX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -6.0% 3.9% 12.46%
1 Yr 4.3% -10.3% 16.1% 13.70%
3 Yr -1.7%* -10.4% 26.2% 12.57%
5 Yr 1.2%* -6.6% 191.4% 17.89%
10 Yr 2.0%* -2.4% 73.7% 18.17%

* Annualized

Return Ranking - Calendar

Period TCBPX Return Category Return Low Category Return High Rank in Category (%)
2023 2.4% -16.2% 8.1% 31.32%
2022 -16.1% -34.7% 131.9% 52.94%
2021 -3.9% -11.6% 4.4% 76.35%
2020 4.2% -10.1% 946.1% 49.02%
2019 6.1% -1.7% 156.4% 30.41%

Total Return Ranking - Trailing

Period TCBPX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -6.0% 3.9% 12.46%
1 Yr 4.3% -10.3% 16.1% 13.70%
3 Yr -1.7%* -10.4% 26.2% 12.57%
5 Yr 1.2%* -6.6% 191.4% 17.89%
10 Yr 2.0%* -2.4% 73.7% 18.17%

* Annualized

Total Return Ranking - Calendar

Period TCBPX Return Category Return Low Category Return High Rank in Category (%)
2023 6.9% -11.3% 11.0% 20.22%
2022 -12.2% -32.2% 131.9% 12.96%
2021 1.7% -9.4% 9.2% 3.80%
2020 8.7% -1.9% 1009.0% 41.70%
2019 9.4% 1.1% 21668.0% 34.51%

NAV & Total Return History


TCBPX - Holdings

Concentration Analysis

TCBPX Category Low Category High TCBPX % Rank
Net Assets 4.38 B 2.73 M 292 B 24.90%
Number of Holdings 1682 1 17889 21.62%
Net Assets in Top 10 717 M -106 M 36.5 B 34.25%
Weighting of Top 10 15.63% 4.4% 134.1% 78.94%

Top 10 Holdings

  1. United States Treasury Note 2.59%
  2. United States Treasury Note 2.45%
  3. United States Treasury Note 2.04%
  4. Fixed Income Clearing Corp (FICC) 1.49%
  5. Federal National Mortgage Association (FNMA) 1.42%
  6. United States Treasury Note 1.29%
  7. United States Treasury Note 1.25%
  8. United States Treasury Note 1.15%
  9. State Street Navigator Securities Lending Government Money Market Portfolio 1.02%
  10. Federal National Mortgage Association (FNMA) 0.94%

Asset Allocation

Weighting Return Low Return High TCBPX % Rank
Bonds
92.59% 0.00% 215.98% 61.91%
Other
5.99% -13.23% 58.65% 37.67%
Cash
2.46% -54.51% 88.26% 54.31%
Convertible Bonds
2.42% 0.00% 7.93% 18.62%
Preferred Stocks
0.10% 0.00% 74.68% 18.30%
Stocks
0.01% 0.00% 99.93% 30.57%

Stock Sector Breakdown

Weighting Return Low Return High TCBPX % Rank
Basic Materials
100.00% 0.00% 100.00% 5.26%
Utilities
0.00% 0.00% 100.00% 86.55%
Technology
0.00% 0.00% 43.45% 86.55%
Real Estate
0.00% 0.00% 99.26% 84.80%
Industrials
0.00% 0.00% 48.31% 89.47%
Healthcare
0.00% 0.00% 17.70% 84.80%
Financial Services
0.00% 0.00% 100.00% 89.47%
Energy
0.00% 0.00% 100.00% 89.47%
Communication Services
0.00% 0.00% 100.00% 87.13%
Consumer Defense
0.00% 0.00% 99.67% 84.80%
Consumer Cyclical
0.00% 0.00% 100.00% 90.06%

Stock Geographic Breakdown

Weighting Return Low Return High TCBPX % Rank
Non US
0.01% 0.00% 86.52% 3.03%
US
0.00% 0.00% 99.93% 31.02%

Bond Sector Breakdown

Weighting Return Low Return High TCBPX % Rank
Corporate
38.66% 0.00% 100.00% 24.63%
Securitized
34.44% 0.00% 98.40% 35.37%
Government
17.95% 0.00% 86.23% 66.40%
Cash & Equivalents
2.46% 0.00% 88.06% 51.27%
Municipal
0.14% 0.00% 100.00% 63.05%
Derivative
-0.40% -5.38% 58.65% 90.90%

Bond Geographic Breakdown

Weighting Return Low Return High TCBPX % Rank
US
92.29% 0.00% 215.98% 56.46%
Non US
0.30% 0.00% 39.04% 34.34%

TCBPX - Expenses

Operational Fees

TCBPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.62% 0.01% 39.10% 58.68%
Management Fee 0.29% 0.00% 1.76% 29.55%
12b-1 Fee 0.25% 0.00% 1.00% 57.11%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

TCBPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TCBPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TCBPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 251.00% 2.00% 493.39% 78.23%

TCBPX - Distributions

Dividend Yield Analysis

TCBPX Category Low Category High TCBPX % Rank
Dividend Yield 4.11% 0.00% 9.75% 40.14%

Dividend Distribution Analysis

TCBPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

TCBPX Category Low Category High TCBPX % Rank
Net Income Ratio 2.19% -1.28% 4.79% 21.19%

Capital Gain Distribution Analysis

TCBPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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TCBPX - Fund Manager Analysis

Managers

Kevin Lorenz


Start Date

Tenure

Tenure Rank

Mar 31, 2006

16.18

16.2%

Kevin is a portfolio manager for Nuveen’s global fixed income team and heads the leveraged finance sector team, which selects high yield and leveraged loan securities for all portfolios. He is also the lead portfolio manager for the High Yield strategies, co-manager of the Multi-Sector Bond strategy and a member of the Investment Committee, which establishes investment policy for all global fixed income products. Kevin has served in a variety of roles since joining the firm in 1987. He has been investing in high yield over his entire career and has focused exclusively on high yield since 1995. He began his career at the firm as a generalist focusing on the private placement market. Kevin has been quoted in The New York Times, Barron’s, The Wall Street Journal, Reuters and other financial press as well as appearances on CNBC for his seasoned views on the high yield asset class. Kevin graduated with a B.S. in Accounting from Rider University and an M.B.A. in Finance from Indiana University. He holds the CFA designation and is a member of the New York Society of Security Analysts. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

John Cerra


Start Date

Tenure

Tenure Rank

Mar 31, 2006

16.18

16.2%

John is a portfolio manager for Nuveen’s global fixed income team. He is the lead portfolio manager for the Short-Term Bond and Inflation- Linked Bond strategies. He is also a member of the Investment Committee, which establishes investment policy for all global fixed income products. Since joining the firm in 1985, John has held several positions including managing the public asset-backed securities team and U.S. dollar-based derivative investment portfolio. He also served as an investment officer of the public markets structured finance team and bond group. In addition, John worked as a quantitative fixed income investment analyst. John graduated with a B.A. in Economics from Fordham University and an M.B.A. in Finance from Rutgers University’s Graduate School of Management.

Anupam Damani


Start Date

Tenure

Tenure Rank

Aug 01, 2019

2.83

2.8%

Anupam is a portfolio manager for Nuveen’s global fixed income team and heads the international and emerging markets debt sector team, which selects non-U.S. credit securities for all products. She is the lead portfolio manager of the International Bond strategy and co-portfolio manager of the Emerging Markets Debt strategy and specializes in international sovereign credit, global rates and foreign currency. Anupam is also a member of the Investment Committee, which discusses and debates investment policy for all global fixed income products. Previously, Anupam was the sovereign research analyst for central and Eastern Europe, Middle East and Africa regions, lead emerging markets debt trader and portfolio manager for Eurozone Debt. Before joining the firm in 2005, she was an EMD portfolio manager and trader at Citigroup. Anupam began working in the investment industry in 1995. Anupam was ranked one of the 2018 Top 20 female portfolio managers in the United States by Citywire Professional Buyer magazine. Anupam graduated with a B.A. in Political Science and Economics from Calcutta University in India and an M.B.A. in Financial and Investment Management from Pace University, New York. She holds the CFA designation.

Joseph Higgins


Start Date

Tenure

Tenure Rank

Aug 17, 2020

1.79

1.8%

Joseph is a portfolio manager for Nuveen’s global fixed income team. He is the lead portfolio manager responsible for the TIAA Bond strategy and a member of the Investment Committee, which establishes investment policy for all global fixed income products. Since joining the firm in 1995, he has held a variety of positions. He has managed structured credit investments and was an investment grade portfolio manager. In addition, he has served as director of private placements, international bank analyst, international investment grade portfolio manager and co-head of corporate credit research. Joseph initiated the first securitization and co-developed the first collateralized debt obligation (CDO) for TIAA. Prior to joining the firm, he was a certified public accountant with PricewaterhouseCoopers. Joseph graduated with a B.S., magna cum laude, in Accounting with a minor in Economics from The State University of New York at Albany and an M.B.A. from The Wharton School of the University of Pennsylvania with dual concentrations in Finance and Marketing. He holds the CFA designation and he is a member of the New York State Society of Securities Analysts and the CFA Institute. He was also a founding member of the User Advisory Council of the Financial Accounting Standards Board (FASB).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.82 1.16