TIAA-CREF Bond Index Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-3.0%
1 yr return
-0.9%
3 Yr Avg Return
-3.6%
5 Yr Avg Return
-0.1%
Net Assets
$22.7 B
Holdings in Top 10
7.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.17%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 18.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TBIAX - Profile
Distributions
- YTD Total Return -3.0%
- 3 Yr Annualized Total Return -3.6%
- 5 Yr Annualized Total Return -0.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.79%
- Dividend Yield 3.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameTIAA-CREF Bond Index Fund
-
Fund Family NameTIAA Investments
-
Inception DateDec 04, 2015
-
Shares OutstandingN/A
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLijun (Kevin) Chen
Fund Description
Under normal circumstances, the Fund invests at least 80% of its assets in bonds within its benchmark and portfolio tracking index, the Bloomberg U.S. Aggregate Bond Index (the “Index”). The Fund uses a sampling technique to create a portfolio that closely matches the overall investment characteristics of
the Index (for example, duration, sector diversification and credit quality) without investing in all of the securities in its index. At times the Fund may purchase securities not held in the Index, but which Teachers Advisors, LLC (“Advisors”) believes have similar investment characteristics to securities held in its index. Generally, the Fund intends to invest in a wide spectrum of public, investment-grade, taxable debt securities denominated in U.S. dollars including government securities, as well as mortgage-backed, commercial mortgage-backed and asset-backed securities. The Fund’s investments in mortgage-backed securities may include pass-through securities sold by private, governmental and government-related organizations and U.S. Government-sponsored enterprises (“GSEs”), to the extent that such instruments are held by the Index. The Fund generally will invest in foreign securities denominated in U.S. dollars only to the extent they are included or eligible to be included in the Index. For purposes of the 80% investment policy, the term “assets” means net assets, plus the amount of any borrowings for investment purposes.
The securities purchased by the Fund will mainly be high-quality instruments rated in the top four credit categories by a nationally recognized statistical rating organization (“NRSRO”) or deemed to be of the same quality by Advisors using its own credit quality analysis. The Fund may continue to hold instruments that were rated as high-quality when purchased, but which subsequently are downgraded to below-investment-grade status or have their ratings withdrawn by one or more rating agencies.
Because the return of the Index is not reduced by investment and other operating expenses, the Fund’s ability to match the Index is negatively affected by the costs of buying and selling securities, as well as other fees and expenses. The use of the Index by the Fund is not a fundamental policy of the Fund and may be changed without shareholder approval.
The Fund is classified as a diversified investment company, as defined under the Investment Company Act of 1940, as amended (the “1940 Act”). However, the Fund may become non-diversified under the 1940 Act without the approval of Fund shareholders solely as a result of a change in relative market capitalization or index weighting of one or more constituents of its benchmark index, the Bloomberg U.S. Aggregate Bond Index, which the Fund seeks to track.
TBIAX - Performance
Return Ranking - Trailing
Period | TBIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.0% | -14.0% | 2.8% | 55.02% |
1 Yr | -0.9% | -12.6% | 10.2% | 61.98% |
3 Yr | -3.6%* | -11.0% | 24.7% | 47.74% |
5 Yr | -0.1%* | -7.1% | 190.1% | 54.15% |
10 Yr | N/A* | -2.7% | 73.2% | 80.46% |
* Annualized
Return Ranking - Calendar
Period | TBIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.5% | -16.2% | 8.1% | 28.57% |
2022 | -15.3% | -34.7% | 131.9% | 30.10% |
2021 | -3.9% | -11.6% | 4.4% | 73.59% |
2020 | 4.4% | -10.1% | 946.1% | 44.16% |
2019 | 5.5% | -1.7% | 16.9% | 54.65% |
Total Return Ranking - Trailing
Period | TBIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.0% | -14.0% | 2.8% | 55.02% |
1 Yr | -0.9% | -12.6% | 10.2% | 61.98% |
3 Yr | -3.6%* | -11.0% | 24.7% | 47.74% |
5 Yr | -0.1%* | -7.1% | 190.1% | 54.15% |
10 Yr | N/A* | -2.7% | 73.2% | 76.84% |
* Annualized
Total Return Ranking - Calendar
Period | TBIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.8% | -11.3% | 11.0% | 57.74% |
2022 | -13.0% | -32.2% | 131.9% | 29.18% |
2021 | -0.9% | -9.4% | 9.2% | 46.86% |
2020 | 8.5% | -1.9% | 1009.0% | 45.04% |
2019 | 8.5% | 1.1% | 21668.0% | 59.82% |
NAV & Total Return History
TBIAX - Holdings
Concentration Analysis
TBIAX | Category Low | Category High | TBIAX % Rank | |
---|---|---|---|---|
Net Assets | 22.7 B | 2.9 M | 314 B | 9.35% |
Number of Holdings | 8803 | 1 | 17889 | 2.27% |
Net Assets in Top 10 | 1.64 B | -106 M | 34.8 B | 19.53% |
Weighting of Top 10 | 7.22% | 4.4% | 134.1% | 97.52% |
Top 10 Holdings
- United States Treasury Note 1.09%
- State Street Navigator Securities Lending Government Money Market Portfolio 0.92%
- United States Treasury Bond 0.75%
- United States Treasury Note 0.72%
- United States Treasury Note 0.69%
- United States Treasury Note 0.67%
- United States Treasury Note 0.63%
- Federal National Mortgage Association (FNMA) 0.60%
- Government National Mortgage Association (GNMA) 0.58%
- United States Treasury Note 0.57%
Asset Allocation
Weighting | Return Low | Return High | TBIAX % Rank | |
---|---|---|---|---|
Bonds | 98.93% | 0.00% | 215.98% | 25.79% |
Cash | 1.14% | -54.51% | 79.52% | 76.92% |
Convertible Bonds | 1.04% | 0.00% | 7.93% | 65.24% |
Other | 0.94% | -13.23% | 50.66% | 70.32% |
Stocks | 0.00% | 0.00% | 99.93% | 95.37% |
Preferred Stocks | 0.00% | 0.00% | 74.68% | 91.91% |
Bond Sector Breakdown
Weighting | Return Low | Return High | TBIAX % Rank | |
---|---|---|---|---|
Government | 43.21% | 0.00% | 86.23% | 11.62% |
Securitized | 29.64% | 0.00% | 98.40% | 50.84% |
Corporate | 24.48% | 0.00% | 100.00% | 71.00% |
Cash & Equivalents | 1.14% | 0.00% | 76.23% | 70.12% |
Municipal | 0.75% | 0.00% | 100.00% | 32.77% |
Derivative | 0.00% | -3.37% | 50.66% | 80.28% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | TBIAX % Rank | |
---|---|---|---|---|
US | 98.93% | 0.00% | 215.98% | 22.88% |
Non US | 0.00% | 0.00% | 39.04% | 93.79% |
TBIAX - Expenses
Operational Fees
TBIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.17% | 0.01% | 39.10% | 95.23% |
Management Fee | 0.06% | 0.00% | 1.76% | 4.28% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
TBIAX 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
TBIAX 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.
TBIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 18.00% | 2.00% | 493.39% | 3.36% |
TBIAX - Distributions
Dividend Yield Analysis
TBIAX | Category Low | Category High | TBIAX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.31% | 0.00% | 10.28% | 88.88% |
Dividend Distribution Analysis
TBIAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
TBIAX | Category Low | Category High | TBIAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.79% | -1.28% | 4.79% | 43.46% |
Capital Gain Distribution Analysis
TBIAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.026 | OrdinaryDividend |
Feb 29, 2024 | $0.025 | OrdinaryDividend |
Jan 31, 2024 | $0.025 | OrdinaryDividend |
Dec 29, 2023 | $0.025 | OrdinaryDividend |
Nov 30, 2023 | $0.024 | OrdinaryDividend |
Oct 31, 2023 | $0.024 | OrdinaryDividend |
Sep 29, 2023 | $0.023 | OrdinaryDividend |
Aug 31, 2023 | $0.023 | OrdinaryDividend |
Jul 31, 2023 | $0.023 | OrdinaryDividend |
Jun 30, 2023 | $0.022 | OrdinaryDividend |
May 31, 2023 | $0.022 | OrdinaryDividend |
Apr 28, 2023 | $0.022 | OrdinaryDividend |
Mar 31, 2023 | $0.022 | OrdinaryDividend |
Feb 28, 2023 | $0.021 | OrdinaryDividend |
Jan 31, 2023 | $0.021 | OrdinaryDividend |
Dec 30, 2022 | $0.021 | DailyAccrualFund |
Nov 30, 2022 | $0.020 | DailyAccrualFund |
Oct 31, 2022 | $0.020 | 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 | $0.018 | DailyAccrualFund |
Apr 29, 2022 | $0.018 | DailyAccrualFund |
Mar 31, 2022 | $0.018 | DailyAccrualFund |
Feb 28, 2022 | $0.017 | DailyAccrualFund |
Jan 31, 2022 | $0.017 | DailyAccrualFund |
Nov 30, 2021 | $0.016 | DailyAccrualFund |
Oct 29, 2021 | $0.016 | DailyAccrualFund |
Sep 30, 2021 | $0.016 | DailyAccrualFund |
Aug 31, 2021 | $0.017 | DailyAccrualFund |
Jul 30, 2021 | $0.017 | DailyAccrualFund |
Jun 30, 2021 | $0.017 | DailyAccrualFund |
May 28, 2021 | $0.016 | DailyAccrualFund |
Apr 30, 2021 | $0.016 | DailyAccrualFund |
Mar 31, 2021 | $0.017 | DailyAccrualFund |
Feb 26, 2021 | $0.017 | DailyAccrualFund |
Jan 29, 2021 | $0.018 | DailyAccrualFund |
Nov 30, 2020 | $0.019 | DailyAccrualFund |
Oct 30, 2020 | $0.019 | DailyAccrualFund |
Sep 30, 2020 | $0.019 | DailyAccrualFund |
Aug 31, 2020 | $0.020 | DailyAccrualFund |
Jul 31, 2020 | $0.020 | DailyAccrualFund |
Jun 30, 2020 | $0.021 | DailyAccrualFund |
May 29, 2020 | $0.021 | DailyAccrualFund |
Apr 30, 2020 | $0.022 | DailyAccrualFund |
Mar 31, 2020 | $0.023 | DailyAccrualFund |
Feb 28, 2020 | $0.022 | DailyAccrualFund |
Jan 31, 2020 | $0.023 | DailyAccrualFund |
Dec 31, 2019 | $0.023 | DailyAccrualFund |
Nov 29, 2019 | $0.023 | DailyAccrualFund |
Oct 31, 2019 | $0.023 | DailyAccrualFund |
Sep 30, 2019 | $0.023 | DailyAccrualFund |
Aug 30, 2019 | $0.023 | DailyAccrualFund |
Jul 31, 2019 | $0.024 | DailyAccrualFund |
Jun 28, 2019 | $0.024 | OrdinaryDividend |
May 31, 2019 | $0.024 | OrdinaryDividend |
Apr 30, 2019 | $0.024 | OrdinaryDividend |
Mar 29, 2019 | $0.025 | OrdinaryDividend |
Feb 28, 2019 | $0.024 | OrdinaryDividend |
Jan 31, 2019 | $0.024 | OrdinaryDividend |
Dec 31, 2018 | $0.026 | OrdinaryDividend |
Nov 30, 2018 | $0.025 | OrdinaryDividend |
Oct 31, 2018 | $0.023 | OrdinaryDividend |
Aug 31, 2018 | $0.001 | OrdinaryDividend |
Jul 31, 2018 | $0.020 | OrdinaryDividend |
Jun 29, 2018 | $0.022 | OrdinaryDividend |
May 31, 2018 | $0.022 | OrdinaryDividend |
Apr 30, 2018 | $0.022 | OrdinaryDividend |
Mar 29, 2018 | $0.021 | OrdinaryDividend |
Feb 28, 2018 | $0.020 | OrdinaryDividend |
Jan 31, 2018 | $0.021 | OrdinaryDividend |
Dec 29, 2017 | $0.021 | OrdinaryDividend |
Nov 30, 2017 | $0.022 | OrdinaryDividend |
Sep 29, 2017 | $0.021 | OrdinaryDividend |
Aug 31, 2017 | $0.021 | OrdinaryDividend |
Jul 31, 2017 | $0.021 | OrdinaryDividend |
May 31, 2017 | $0.021 | OrdinaryDividend |
Apr 28, 2017 | $0.021 | OrdinaryDividend |
Mar 31, 2017 | $0.021 | OrdinaryDividend |
Jan 31, 2017 | $0.020 | OrdinaryDividend |
Dec 30, 2016 | $0.020 | OrdinaryDividend |
Oct 31, 2016 | $0.020 | OrdinaryDividend |
Sep 30, 2016 | $0.019 | OrdinaryDividend |
Aug 31, 2016 | $0.016 | OrdinaryDividend |
Jul 29, 2016 | $0.031 | OrdinaryDividend |
Jun 30, 2016 | $0.019 | OrdinaryDividend |
May 31, 2016 | $0.019 | OrdinaryDividend |
Apr 29, 2016 | $0.020 | OrdinaryDividend |
Mar 31, 2016 | $0.020 | OrdinaryDividend |
Feb 29, 2016 | $0.020 | OrdinaryDividend |
Jan 29, 2016 | $0.020 | OrdinaryDividend |
Dec 31, 2015 | $0.017 | OrdinaryDividend |
TBIAX - Fund Manager Analysis
Managers
Lijun (Kevin) Chen
Start Date
Tenure
Tenure Rank
Dec 31, 2009
12.42
12.4%
TIAA—2006 to Present (quantitative portfolio management); previously, fixed-income quantitative strategies, enterprise risk management
James Tsang
Start Date
Tenure
Tenure Rank
Aug 24, 2011
10.78
10.8%
James is a quantitative portfolio manager for Nuveen’s global fixed income team and is responsible for quantitative portfolio strategies, derivatives analytics, and performance analysis. In addition, he is the co-portfolio manager of the Bond Index strategy. Prior to joining the firm in 2007, James was a senior quantitative analyst at AIG Investment Management Co., where he was responsible for portfolio and derivatives investment strategies. Prior to that, James held positions at AIG, Brown Brothers Harriman & Co., Mackenzie Investment Management Inc., and EBF & Associates Fixed Income Arbitrage Hedge Fund. James graduated with a B.S. in Applied Mathematics from Anhui University, an M.S. in Computational Mathematics from Chinese Academy of Sciences, a Ph.D. in Statistics from Michigan State University, and an M.S. in Financial Mathematics from the University of Chicago.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 33.43 | 6.81 | 1.16 |