TIAA-CREF 5-15 Year Laddered Tax-Exempt Bond Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.1%
1 yr return
2.3%
3 Yr Avg Return
-1.4%
5 Yr Avg Return
0.9%
Net Assets
$223 M
Holdings in Top 10
12.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.34%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 9.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TITIX - Profile
Distributions
- YTD Total Return -1.1%
- 3 Yr Annualized Total Return -1.4%
- 5 Yr Annualized Total Return 0.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.09%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameTIAA-CREF 5-15 Year Laddered Tax-Exempt Bond Fund
-
Fund Family NameTIAA-CREF FUNDS COMPLEX
-
Inception DateMar 31, 2006
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoel Levy
Fund Description
Under normal circumstances, the Fund invests at least 80% of its assets in tax-exempt bonds, a type of municipal security, the interest on which, in the opinion of the issuer’s bond counsel at the time of issuance, is exempt from federal income tax, including federal alternative minimum tax (“AMT”). The Fund will generally invest in tax-exempt bonds that have a final maturity of between five and fifteen years. In pursuing its investment objective, the Fund seeks to weight investment in tax-exempt bonds such that at the time of investment in a particular bond at least 5% and not more than 15% of the Fund’s net assets (calculated based on the face (par) value of each tax-exempt bond) is invested in tax-exempt bonds with a final maturity in each year within the five- to fifteen-year maturity range. When a municipal security has a final maturity of less than five years, the Fund normally intends to sell that security within a year and reinvest the proceeds in securities with maturities in the five- to fifteen-year range. The Fund’s portfolio is “laddered” by investing in municipal obligations with different final maturities so that some obligations age out of the five- to fifteen-year maturity range during each year. The Fund may invest up to 20% of its assets in securities rated below investment-grade, or unrated securities of comparable quality, which are usually called “high-yield” or “junk bonds.” Securities of non-investment-grade quality are speculative in nature.
The Fund may also invest in other municipal securities including bonds, notes, commercial paper and other instruments (including participation interests in such securities) issued by or on behalf of the states, territories and possessions of the United States (including the District of Columbia) and their political subdivisions, agencies and instrumentalities, the interest on which, in the opinion of bond counsel for the issuers at the time of issuance, is exempt from regular federal income tax (i.e., excludable from gross income for individuals for federal income tax purposes but not necessarily exempt from AMT). Some of these securities may also be exempt from certain state and local income taxes. The Fund generally defines final maturity as (i) the stated final maturity of a bond, whether or not callable; (ii) the first call date of an existing pre-refunded bond; (iii) the earliest put date of a put bond; or (iv) the monthly re-set date of a municipal floating-rate bond or obligation. All municipal obligations maturing within a calendar year will be defined as having the same final maturity. For purposes of the 80% investment policy, the term “assets” means net assets, plus the amount of any borrowings for investment purposes.
Municipal securities are often issued to raise funds for various public purposes, including the construction of a wide range of public facilities such as bridges, highways, housing, hospitals, mass transportation facilities, schools, streets and public utilities such as water and sewer works.
The Fund does not have a specific target for its average portfolio duration. As of May 31, 2023, the duration of the Fund’s benchmark index, the Bloomberg 10-Year Municipal Bond Index, was 5.04 years.
The Fund may invest up to 20% of its assets in private activity bonds. Private activity bonds are tax-exempt bonds whose proceeds are used to finance private, for-profit organizations. The interest on these securities (including the Fund’s distribution of that interest) may be a preference item for purposes of the AMT. The AMT is a special tax system that ensures that individuals and certain corporations pay at least some federal taxes. Income from securities that are a preference item is included in the computation of the AMT.
The Fund can also invest in other municipal securities, including certificates of participation, municipal leases, municipal obligation components and municipal custody receipts. In addition, the Fund can invest in municipal bonds secured by mortgages on single-family homes and multi-family projects. The Fund’s investments in these securities are subject to prepayment and extension risk. All of the Fund’s assets are dollar-denominated securities.
The Fund may purchase and sell futures, options, swaps, forwards and other fixed-income derivative instruments to carry out the Fund’s investment strategies.
The Fund pursues superior returns using historical yield spread and credit analysis to identify and invest in undervalued market sectors and individual securities. The Fund usually sells investments that Teachers Advisors, LLC (“Advisors”) believes to be overvalued on a relative basis.
TITIX - Performance
Return Ranking - Trailing
Period | TITIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.1% | -4.7% | 10.2% | 70.64% |
1 Yr | 2.3% | -3.9% | 31.6% | 55.06% |
3 Yr | -1.4%* | -11.3% | 2.5% | 51.89% |
5 Yr | 0.9%* | -6.0% | 1102.0% | 44.27% |
10 Yr | 2.0%* | -0.4% | 248.1% | 37.31% |
* Annualized
Return Ranking - Calendar
Period | TITIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.4% | -1.4% | 41.0% | 23.13% |
2022 | -11.3% | -39.7% | 0.3% | 47.99% |
2021 | -1.5% | -5.6% | 6.9% | 90.64% |
2020 | 1.7% | -2.6% | 310.0% | 51.70% |
2019 | 5.0% | 0.0% | 26.0% | 14.61% |
Total Return Ranking - Trailing
Period | TITIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.1% | -4.7% | 10.2% | 70.64% |
1 Yr | 2.3% | -3.9% | 31.6% | 55.06% |
3 Yr | -1.4%* | -11.3% | 2.5% | 51.89% |
5 Yr | 0.9%* | -6.0% | 1102.0% | 44.27% |
10 Yr | 2.0%* | -0.4% | 248.1% | 37.31% |
* Annualized
Total Return Ranking - Calendar
Period | TITIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.3% | -1.3% | 41.0% | 33.27% |
2022 | -8.9% | -39.7% | 1.1% | 44.96% |
2021 | 1.5% | -4.8% | 23761504.0% | 51.29% |
2020 | 4.5% | -1.5% | 17057.9% | 25.17% |
2019 | 7.1% | 0.2% | 3514.6% | 34.73% |
NAV & Total Return History
TITIX - Holdings
Concentration Analysis
TITIX | Category Low | Category High | TITIX % Rank | |
---|---|---|---|---|
Net Assets | 223 M | 3.22 M | 71.9 B | 67.59% |
Number of Holdings | 249 | 2 | 13067 | 46.35% |
Net Assets in Top 10 | 29.3 M | -317 M | 3.4 B | 77.89% |
Weighting of Top 10 | 12.90% | 1.9% | 100.4% | 73.29% |
Top 10 Holdings
- City of Chicago IL 1.57%
- New Jersey Transportation Trust Fund Authority 1.45%
- Escambia County Health Facilities Authority 1.41%
- Fixed Income Clearing Corp (FICC) 1.27%
- New Jersey Transportation Trust Fund Authority 1.26%
- Sales Tax Securitization Corp 1.23%
- New Jersey Economic Development Authority 1.22%
- Texas Private Activity Bond Surface Transportation Corp 1.19%
- State of Mississippi Gaming Tax Revenue 1.18%
- Virgin Islands Public Finance Authority 1.12%
Asset Allocation
Weighting | Return Low | Return High | TITIX % Rank | |
---|---|---|---|---|
Bonds | 97.89% | 0.00% | 150.86% | 62.92% |
Other | 1.27% | -8.54% | 33.35% | 2.26% |
Cash | 0.84% | -50.86% | 50.09% | 65.80% |
Stocks | 0.00% | 0.00% | 99.81% | 30.49% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 20.56% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 20.64% |
Bond Sector Breakdown
Weighting | Return Low | Return High | TITIX % Rank | |
---|---|---|---|---|
Municipal | 99.25% | 44.39% | 100.00% | 34.72% |
Cash & Equivalents | 0.10% | 0.00% | 48.02% | 50.48% |
Derivative | 0.00% | -8.54% | 23.38% | 23.34% |
Securitized | 0.00% | 0.00% | 5.93% | 21.80% |
Corporate | 0.00% | 0.00% | 9.41% | 32.77% |
Government | 0.00% | 0.00% | 52.02% | 26.93% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | TITIX % Rank | |
---|---|---|---|---|
US | 97.89% | 0.00% | 142.23% | 60.25% |
Non US | 0.00% | 0.00% | 23.89% | 27.34% |
TITIX - Expenses
Operational Fees
TITIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.34% | 0.01% | 20.65% | 92.88% |
Management Fee | 0.25% | 0.00% | 1.20% | 9.37% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
TITIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
TITIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
TITIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 9.00% | 0.00% | 283.00% | 16.24% |
TITIX - Distributions
Dividend Yield Analysis
TITIX | Category Low | Category High | TITIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 14.56% | 56.78% |
Dividend Distribution Analysis
TITIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
TITIX | Category Low | Category High | TITIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.09% | -0.53% | 5.33% | 41.95% |
Capital Gain Distribution Analysis
TITIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.025 | OrdinaryDividend |
Feb 29, 2024 | $0.025 | OrdinaryDividend |
Jan 31, 2024 | $0.023 | OrdinaryDividend |
Dec 29, 2023 | $0.023 | OrdinaryDividend |
Nov 30, 2023 | $0.023 | OrdinaryDividend |
Oct 31, 2023 | $0.021 | OrdinaryDividend |
Sep 29, 2023 | $0.021 | OrdinaryDividend |
Aug 31, 2023 | $0.021 | OrdinaryDividend |
Jul 31, 2023 | $0.021 | OrdinaryDividend |
Jun 30, 2023 | $0.021 | OrdinaryDividend |
May 31, 2023 | $0.020 | OrdinaryDividend |
Apr 28, 2023 | $0.021 | OrdinaryDividend |
Mar 31, 2023 | $0.021 | OrdinaryDividend |
Feb 28, 2023 | $0.021 | OrdinaryDividend |
Jan 31, 2023 | $0.012 | OrdinaryDividend |
Dec 30, 2022 | $0.020 | DailyAccrualFund |
Nov 30, 2022 | $0.020 | DailyAccrualFund |
Oct 31, 2022 | $0.019 | DailyAccrualFund |
Sep 30, 2022 | $0.020 | DailyAccrualFund |
Aug 31, 2022 | $0.019 | DailyAccrualFund |
Jul 29, 2022 | $0.019 | DailyAccrualFund |
Jun 30, 2022 | $0.019 | DailyAccrualFund |
May 31, 2022 | $0.019 | DailyAccrualFund |
Apr 29, 2022 | $0.019 | DailyAccrualFund |
Mar 31, 2022 | $0.019 | DailyAccrualFund |
Feb 28, 2022 | $0.020 | DailyAccrualFund |
Jan 31, 2022 | $0.018 | DailyAccrualFund |
Dec 31, 2021 | $0.018 | DailyAccrualFund |
Nov 30, 2021 | $0.019 | DailyAccrualFund |
Oct 29, 2021 | $0.018 | DailyAccrualFund |
Sep 30, 2021 | $0.019 | DailyAccrualFund |
Aug 31, 2021 | $0.019 | DailyAccrualFund |
Jul 30, 2021 | $0.019 | DailyAccrualFund |
Jun 30, 2021 | $0.019 | DailyAccrualFund |
May 28, 2021 | $0.019 | DailyAccrualFund |
Apr 30, 2021 | $0.020 | DailyAccrualFund |
Mar 31, 2021 | $0.019 | DailyAccrualFund |
Feb 26, 2021 | $0.019 | DailyAccrualFund |
Jan 29, 2021 | $0.022 | DailyAccrualFund |
Dec 31, 2020 | $0.020 | DailyAccrualFund |
Nov 30, 2020 | $0.022 | DailyAccrualFund |
Oct 30, 2020 | $0.020 | DailyAccrualFund |
Sep 30, 2020 | $0.020 | DailyAccrualFund |
Aug 31, 2020 | $0.020 | DailyAccrualFund |
Jul 31, 2020 | $0.020 | DailyAccrualFund |
Jun 30, 2020 | $0.020 | DailyAccrualFund |
May 29, 2020 | $0.020 | DailyAccrualFund |
Apr 30, 2020 | $0.021 | DailyAccrualFund |
Mar 31, 2020 | $0.022 | DailyAccrualFund |
Feb 28, 2020 | $0.022 | DailyAccrualFund |
Jan 31, 2020 | $0.021 | DailyAccrualFund |
Dec 31, 2019 | $0.022 | DailyAccrualFund |
Nov 29, 2019 | $0.001 | DailyAccrualFund |
Oct 31, 2019 | $0.001 | DailyAccrualFund |
Sep 30, 2019 | $0.001 | DailyAccrualFund |
Aug 30, 2019 | $0.001 | DailyAccrualFund |
Jul 31, 2019 | $0.001 | DailyAccrualFund |
Jun 28, 2019 | $0.023 | DailyAccrualFund |
May 31, 2019 | $0.022 | DailyAccrualFund |
Apr 30, 2019 | $0.023 | DailyAccrualFund |
Mar 29, 2019 | $0.023 | DailyAccrualFund |
Feb 28, 2019 | $0.023 | DailyAccrualFund |
Jan 31, 2019 | $0.023 | DailyAccrualFund |
Dec 31, 2018 | $0.025 | DailyAccrualFund |
Oct 31, 2018 | $0.023 | DailyAccrualFund |
Aug 31, 2018 | $0.001 | DailyAccrualFund |
Jun 29, 2018 | $0.022 | DailyAccrualFund |
May 31, 2018 | $0.021 | DailyAccrualFund |
Apr 30, 2018 | $0.022 | DailyAccrualFund |
Mar 29, 2018 | $0.024 | DailyAccrualFund |
Feb 28, 2018 | $0.022 | DailyAccrualFund |
Nov 30, 2017 | $0.020 | DailyAccrualFund |
Aug 31, 2017 | $0.019 | DailyAccrualFund |
Jul 31, 2017 | $0.019 | DailyAccrualFund |
May 31, 2017 | $0.019 | DailyAccrualFund |
Apr 28, 2017 | $0.020 | DailyAccrualFund |
Mar 31, 2017 | $0.018 | DailyAccrualFund |
Feb 28, 2017 | $0.020 | DailyAccrualFund |
Nov 30, 2016 | $0.020 | DailyAccrualFund |
Oct 31, 2016 | $0.019 | DailyAccrualFund |
Mar 31, 2016 | $0.017 | DailyAccrualFund |
Feb 29, 2016 | $0.020 | DailyAccrualFund |
Dec 31, 2015 | $0.019 | DailyAccrualFund |
Nov 30, 2015 | $0.044 | DailyAccrualFund |
Sep 30, 2015 | $0.045 | DailyAccrualFund |
Aug 31, 2015 | $0.045 | DailyAccrualFund |
Jul 31, 2015 | $0.017 | DailyAccrualFund |
May 29, 2015 | $0.017 | DailyAccrualFund |
Mar 31, 2015 | $0.018 | DailyAccrualFund |
Feb 27, 2015 | $0.019 | DailyAccrualFund |
Jan 30, 2015 | $0.020 | DailyAccrualFund |
Dec 31, 2014 | $0.021 | DailyAccrualFund |
Nov 28, 2014 | $0.019 | DailyAccrualFund |
Oct 31, 2014 | $0.021 | DailyAccrualFund |
Sep 30, 2014 | $0.020 | DailyAccrualFund |
Aug 29, 2014 | $0.021 | DailyAccrualFund |
Jun 30, 2014 | $0.020 | DailyAccrualFund |
Apr 30, 2014 | $0.018 | DailyAccrualFund |
Mar 31, 2014 | $0.016 | DailyAccrualFund |
Feb 28, 2014 | $0.018 | DailyAccrualFund |
Jan 31, 2014 | $0.018 | DailyAccrualFund |
Dec 31, 2013 | $0.018 | DailyAccrualFund |
Nov 29, 2013 | $0.018 | DailyAccrualFund |
Oct 31, 2013 | $0.021 | DailyAccrualFund |
Sep 30, 2013 | $0.023 | DailyAccrualFund |
Aug 30, 2013 | $0.021 | DailyAccrualFund |
Jul 31, 2013 | $0.022 | DailyAccrualFund |
Jun 28, 2013 | $0.024 | DailyAccrualFund |
May 31, 2013 | $0.023 | DailyAccrualFund |
Apr 30, 2013 | $0.025 | DailyAccrualFund |
Mar 28, 2013 | $0.024 | DailyAccrualFund |
Jan 31, 2013 | $0.026 | DailyAccrualFund |
Dec 31, 2012 | $0.027 | DailyAccrualFund |
Nov 30, 2012 | $0.028 | DailyAccrualFund |
Oct 31, 2012 | $0.028 | DailyAccrualFund |
Sep 28, 2012 | $0.028 | DailyAccrualFund |
Aug 31, 2012 | $0.027 | DailyAccrualFund |
Jul 31, 2012 | $0.028 | DailyAccrualFund |
Jun 29, 2012 | $0.028 | DailyAccrualFund |
May 31, 2012 | $0.026 | DailyAccrualFund |
Apr 30, 2012 | $0.026 | DailyAccrualFund |
Mar 30, 2012 | $0.026 | DailyAccrualFund |
Feb 29, 2012 | $0.026 | DailyAccrualFund |
Jan 31, 2012 | $0.027 | DailyAccrualFund |
Dec 30, 2011 | $0.028 | DailyAccrualFund |
Nov 30, 2011 | $0.029 | DailyAccrualFund |
Oct 31, 2011 | $0.028 | DailyAccrualFund |
Sep 30, 2011 | $0.028 | DailyAccrualFund |
Aug 31, 2011 | $0.026 | DailyAccrualFund |
Jul 29, 2011 | $0.030 | DailyAccrualFund |
Jun 30, 2011 | $0.030 | DailyAccrualFund |
May 31, 2011 | $0.031 | DailyAccrualFund |
Apr 29, 2011 | $0.032 | DailyAccrualFund |
Mar 31, 2011 | $0.031 | DailyAccrualFund |
Feb 28, 2011 | $0.032 | DailyAccrualFund |
Jan 31, 2011 | $0.032 | DailyAccrualFund |
Dec 31, 2010 | $0.032 | DailyAccrualFund |
Nov 30, 2010 | $0.032 | DailyAccrualFund |
Oct 29, 2010 | $0.031 | DailyAccrualFund |
Sep 30, 2010 | $0.032 | DailyAccrualFund |
Aug 31, 2010 | $0.032 | DailyAccrualFund |
Jul 30, 2010 | $0.032 | DailyAccrualFund |
Jun 30, 2010 | $0.032 | DailyAccrualFund |
May 28, 2010 | $0.032 | DailyAccrualFund |
Apr 30, 2010 | $0.032 | DailyAccrualFund |
Mar 31, 2010 | $0.032 | DailyAccrualFund |
Feb 26, 2010 | $0.033 | DailyAccrualFund |
Jan 29, 2010 | $0.032 | DailyAccrualFund |
Dec 31, 2009 | $0.032 | DailyAccrualFund |
Nov 30, 2009 | $0.032 | DailyAccrualFund |
Oct 30, 2009 | $0.032 | DailyAccrualFund |
Sep 30, 2009 | $0.030 | DailyAccrualFund |
Aug 31, 2009 | $0.031 | DailyAccrualFund |
Jul 31, 2009 | $0.031 | DailyAccrualFund |
Jun 30, 2009 | $0.032 | DailyAccrualFund |
May 29, 2009 | $0.031 | DailyAccrualFund |
Apr 30, 2009 | $0.031 | DailyAccrualFund |
Mar 31, 2009 | $0.031 | DailyAccrualFund |
Feb 27, 2009 | $0.032 | DailyAccrualFund |
Jan 30, 2009 | $0.032 | DailyAccrualFund |
Dec 31, 2008 | $0.032 | DailyAccrualFund |
Nov 28, 2008 | $0.031 | DailyAccrualFund |
Oct 31, 2008 | $0.031 | DailyAccrualFund |
Sep 30, 2008 | $0.032 | DailyAccrualFund |
Aug 29, 2008 | $0.031 | DailyAccrualFund |
Jul 25, 2008 | $0.030 | OrdinaryDividend |
Jun 27, 2008 | $0.031 | OrdinaryDividend |
May 29, 2008 | $0.027 | OrdinaryDividend |
Apr 29, 2008 | $0.027 | OrdinaryDividend |
Mar 28, 2008 | $0.030 | OrdinaryDividend |
Feb 28, 2008 | $0.031 | OrdinaryDividend |
Jan 30, 2008 | $0.027 | OrdinaryDividend |
Nov 28, 2007 | $0.032 | OrdinaryDividend |
Oct 29, 2007 | $0.032 | OrdinaryDividend |
Sep 26, 2007 | $0.034 | OrdinaryDividend |
Aug 29, 2007 | $0.032 | OrdinaryDividend |
Jul 27, 2007 | $0.032 | OrdinaryDividend |
Jun 27, 2007 | $0.031 | OrdinaryDividend |
May 29, 2007 | $0.032 | OrdinaryDividend |
Apr 26, 2007 | $0.010 | OrdinaryDividend |
Apr 18, 2007 | $0.020 | ExtraDividend |
Mar 28, 2007 | $0.032 | OrdinaryDividend |
Feb 26, 2007 | $0.029 | OrdinaryDividend |
Jan 29, 2007 | $0.032 | OrdinaryDividend |
Dec 22, 2006 | $0.032 | OrdinaryDividend |
Nov 28, 2006 | $0.031 | OrdinaryDividend |
Oct 27, 2006 | $0.032 | OrdinaryDividend |
Sep 27, 2006 | $0.031 | OrdinaryDividend |
Aug 29, 2006 | $0.032 | OrdinaryDividend |
Jul 27, 2006 | $0.032 | OrdinaryDividend |
Jun 28, 2006 | $0.031 | OrdinaryDividend |
May 26, 2006 | $0.034 | OrdinaryDividend |
Apr 26, 2006 | $0.029 | OrdinaryDividend |
TITIX - Fund Manager Analysis
Managers
Joel Levy
Start Date
Tenure
Tenure Rank
Jul 31, 2015
6.84
6.8%
Teachers Advisors, Inc., TCIM and other advisory affiliates of TIAA—2011 to Present (municipal bond research), Bank of America—2010 to 2011 (credit research)
Timothy Ryan
Start Date
Tenure
Tenure Rank
Aug 01, 2019
2.83
2.8%
Timothy T. Ryan, CFA, is a Managing Director and Portfolio Manager at Nuveen Asset Management. Mr. Ryan joined an affiliate of Nuveen Asset Management in 2010. Prior to joining Nuveen Asset Management, Mr. Ryan was a principal of SSGA FM and a Vice President of SSGA and responsible for managing the series of the Trust that invest primarily in municipal securities. Prior to joining SSGA, Mr. Ryan was a lead portfolio manager in the municipal bond group at Deutsche Bank Asset Management, formally Scudder Insurance Asset Management. His clients included nuclear decommissioning trusts, insurance portfolios and corporate cash. Mr. Ryan began working at Deutsche Bank in 1991 as a municipal bond analyst covering high yield, transportation, higher education, general obligation, and money market sectors. He joined Deutsche Bank with 8 years of experience as vice president and investment banker at Mesirow Financial and vice president and financial consultant at Speer Financial. Mr. Ryan has a BS from University of Wisconsin and a Master of Management from JL Kellogg Graduate School of Management Northwestern University. Mr. Ryan has earned the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |