TIAA Real Estate Account
- QREARX
- Price as of: Apr 16, 2021
-
$447.69
N/A N/A
- Primary Theme
- Sector Diversified Equity
- Fund Company
- TIAA Investments
- Share Class
QREARX - Snapshot
Vitals
- YTD Return 2.5%
- 3 Yr Annualized Return 3.5%
- 5 Yr Annualized Return 3.9%
- Net Assets $23.8 B
- Holdings in Top 10 20.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.81%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 7.10%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA N/A
Fund Classification
-
Primary Theme
Sector Diversified Equity
- Fund Type Open End Mutual Fund
- Investment Style Miscellaneous Sector
QREARX - Profile
Distributions
- YTD Total Return 2.5%
- 3 Yr Annualized Total Return 3.5%
- 5 Yr Annualized Total Return 3.9%
- Capital Gain Distribution Frequency Daily
- Net Income Ratio 2.85%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameTIAA Real Estate Account
-
Fund Family NameTIAA Investments
-
Inception DateOct 02, 1995
-
Shares OutstandingN/A
-
Share ClassNo Load
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerGordon(Chris) McGibbon
Fund Description
The advisor intends to have between 75% and 85% of its net assets invested directly in real estate or real estate-related investments with the goal of producing favorable long-term returns primarily through rental income and appreciation. The Account targets holding between 65% and 85% of the Account's net assets in such direct ownership interests.
QREARX - Performance
Return Ranking - Trailing
| Period | QREARX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.5% | -19.5% | 51.8% | 69.23% |
| 1 Yr | 1.3% | 1.3% | 267.1% | 100.00% |
| 3 Yr | 3.5%* | -5.3% | 60.2% | 86.67% |
| 5 Yr | 3.9%* | 1.9% | 39.4% | 84.00% |
| 10 Yr | 7.0%* | 1.2% | 15.9% | 76.92% |
* Annualized
Return Ranking - Calendar
| Period | QREARX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -0.8% | -34.0% | 233.6% | 81.08% |
| 2019 | 5.5% | -31.4% | 66.0% | 78.57% |
| 2018 | 4.8% | -29.4% | 6.5% | 16.00% |
| 2017 | 4.4% | -8.2% | 589.1% | 86.36% |
| 2016 | 5.2% | -45.9% | 21.3% | 42.86% |
Total Return Ranking - Trailing
| Period | QREARX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.5% | -16.8% | 53.2% | 71.79% |
| 1 Yr | 1.3% | 1.3% | 267.1% | 100.00% |
| 3 Yr | 3.5%* | -5.3% | 60.2% | 86.67% |
| 5 Yr | 3.9%* | 1.9% | 39.4% | 84.00% |
| 10 Yr | 7.0%* | 1.2% | 15.9% | 76.92% |
* Annualized
Total Return Ranking - Calendar
| Period | QREARX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -0.8% | -34.0% | 233.6% | 81.08% |
| 2019 | 5.5% | -31.4% | 66.0% | 78.57% |
| 2018 | 4.8% | -29.4% | 6.5% | 16.00% |
| 2017 | 4.4% | -8.2% | 58.0% | 86.36% |
| 2016 | 5.2% | -45.9% | 21.3% | 42.86% |
NAV & Total Return History
QREARX - Holdings
Concentration Analysis
| QREARX | Category Low | Category High | QREARX % Rank | |
|---|---|---|---|---|
| Net Assets | 23.8 B | 4.63 M | 23.8 B | 2.63% |
| Number of Holdings | 239 | 1 | 239 | 2.33% |
| Net Assets in Top 10 | 5.13 B | -147 M | 5.13 B | 2.33% |
| Weighting of Top 10 | 20.30% | 6.7% | 98.7% | 90.24% |
Top 10 Holdings
- 1001 Pennsylvania Avenue 3.19%
- 1001 Pennsylvania Avenue 3.19%
- 1001 Pennsylvania Avenue 3.19%
- 1001 Pennsylvania Avenue 3.19%
- 1001 Pennsylvania Avenue 3.19%
- 1001 Pennsylvania Avenue 3.19%
- 1001 Pennsylvania Avenue 3.19%
- 1001 Pennsylvania Avenue 3.19%
- 1001 Pennsylvania Avenue 3.19%
- 1001 Pennsylvania Avenue 3.19%
Asset Allocation
| Weighting | Return Low | Return High | QREARX % Rank | |
|---|---|---|---|---|
| Other | 95.80% | 0.00% | 95.80% | 2.33% |
| Cash | 3.00% | -2.12% | 100.00% | 25.58% |
| Bonds | 1.20% | 0.00% | 2.24% | 4.65% |
| Stocks | 0.00% | 0.00% | 100.43% | 97.67% |
| Preferred Stocks | 0.00% | 0.00% | 9.63% | 76.74% |
| Convertible Bonds | 0.00% | 0.00% | 0.02% | 72.09% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | QREARX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 71.40% | 0.24% | 100.00% | 87.80% |
| Corporate | 23.89% | 0.00% | 75.88% | 12.20% |
| Government | 4.70% | 0.00% | 4.70% | 2.44% |
| Derivative | 0.00% | 0.00% | 99.76% | 75.61% |
| Securitized | 0.00% | 0.00% | 0.48% | 73.17% |
| Municipal | 0.00% | 0.00% | 0.72% | 73.17% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | QREARX % Rank | |
|---|---|---|---|---|
| US | 1.20% | 0.00% | 1.80% | 4.65% |
| Non US | 0.00% | 0.00% | 0.44% | 72.09% |
QREARX - Expenses
Operational Fees
| QREARX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.81% | 0.46% | 14.24% | 45.24% |
| Management Fee | 0.26% | 0.26% | 1.90% | 2.13% |
| 12b-1 Fee | N/A | 0.00% | 0.25% | N/A |
| Administrative Fee | 0.20% | 0.03% | 0.19% | 100.00% |
Sales Fees
| QREARX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
| QREARX 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.
| QREARX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 7.10% | 0.00% | 177.00% | 8.11% |
QREARX - Distributions
Dividend Yield Analysis
| QREARX | Category Low | Category High | QREARX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 3.00% | 87.23% |
Dividend Distribution Analysis
| QREARX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| QREARX | Category Low | Category High | QREARX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.85% | -2.71% | 8.11% | 23.81% |
Capital Gain Distribution Analysis
| QREARX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Daily | Annually | Annually | Annually |
QREARX - Fund Manager Analysis
Managers
Gordon(Chris) McGibbon
Start Date
Tenure
Tenure Rank
May 01, 2016
4.92
4.9%
Managing Director, Head of Americas, Global Real Estate, TIAA.
Randy Giraldo
Start Date
Tenure
Tenure Rank
Aug 29, 2017
3.59
3.6%
Since joining TIAA in 2008, Mr. Giraldo has held positions in real estate acquisitions and portfolio management, including positions that directly supported the portfolio management team for the Account from 2012 to 2014. Since 2016, Mr. Giraldo has served as head of portfolio management for the TH Real Estate division. Mr. Giraldo holds undergraduate degrees in liberal arts and civil engineering from Fairfield University and Stevens Institute of Technology, respectively. He also holds a Master of Science in construction management from Stevens Institute of Technology and a Master of Business Administration from Columbia University Business School.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 14.15 | 4.22 | 2.04 |