TCBRX: TIAA-CREF Bond Plus R

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TCBRX TIAA-CREF Bond Plus R


Profile

TCBRX - Profile

Vitals

  • YTD Return -3.3%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return -0.8%
  • Net Assets $4.6 B
  • Holdings in Top 10 11.4%

52 WEEK LOW AND HIGH

$10.36
$9.96
$11.11

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.55%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 106.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -3.3%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return -0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.18%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    TIAA-CREF Core Plus Bond Fund
  • Fund Family Name
    TIAA Investments
  • Inception Date
    Mar 31, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kevin Lorenz

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Categories

Performance

TCBRX - Performance

Return Ranking - Trailing

Period TCBRX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.3% -25.7% 196.2% 71.62%
1 Yr 0.2% -24.6% 191.4% 47.46%
3 Yr -0.1%* -7.9% 8.3% 53.31%
5 Yr -0.8%* -6.0% 11.4% 73.50%
10 Yr 0.4%* -5.4% 3.9% 29.22%

* Annualized

Return Ranking - Calendar

Period TCBRX Return Category Return Low Category Return High Rank in Category (%)
2019 6.0% -4.3% 18.3% 17.61%
2018 -3.4% -11.7% 4.6% 73.55%
2017 1.5% -6.0% 8.3% 37.38%
2016 0.6% -7.8% 8.7% 28.29%
2015 -3.5% -18.3% 3.0% 86.05%

Total Return Ranking - Trailing

Period TCBRX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.3% -25.7% 196.2% 71.62%
1 Yr 0.2% -24.6% 191.4% 47.46%
3 Yr -0.1%* -7.9% 10.4% 58.62%
5 Yr -0.8%* -6.0% 11.4% 78.69%
10 Yr 0.4%* -5.4% 6.7% 47.02%

* Annualized

Total Return Ranking - Calendar

Period TCBRX Return Category Return Low Category Return High Rank in Category (%)
2019 6.0% -4.3% 18.3% 18.09%
2018 -3.4% -11.7% 6.5% 78.26%
2017 1.5% -6.0% 10.4% 47.73%
2016 0.6% -7.8% 14.1% 34.75%
2015 -3.5% -12.6% 4.2% 90.36%

NAV & Total Return History


Holdings

TCBRX - Holdings

Concentration Analysis

TCBRX Category Low Category High TCBRX % Rank
Net Assets 4.6 B 640 K 259 B 15.84%
Number of Holdings 1648 1 17723 9.16%
Net Assets in Top 10 585 M -216 M 24.5 B 18.68%
Weighting of Top 10 11.40% 2.4% 100.0% 82.93%

Top 10 Holdings

  1. United States Treasury Notes 2.62% 1.86%
  2. United States Treasury Bonds 3% 1.66%
  3. United States Treasury Bonds 2.25% 1.48%
  4. United States Treasury Bonds 2.88% 0.99%
  5. United States Treasury Notes 1.62% 0.95%
  6. Federal National Mortgage Association 3.5% 0.94%
  7. Federal National Mortgage Association 4% 0.92%
  8. Federal National Mortgage Association 3% 0.89%
  9. United States Treasury Notes 1.62% 0.88%
  10. Federal Home Loan Mortgage Corporation 3% 0.84%

Asset Allocation

Weighting Return Low Return High TCBRX % Rank
Bonds
94.81% 80.16% 159.74% 69.65%
Cash
3.88% -59.74% 19.74% 30.50%
Convertible Bonds
1.03% 0.00% 7.24% 24.10%
Other
0.20% -4.02% 28.26% 7.90%
Preferred Stocks
0.05% 0.00% 7.43% 11.14%
Stocks
0.03% -0.38% 24.73% 4.89%

Stock Sector Breakdown

Weighting Return Low Return High TCBRX % Rank
Energy
100.00% 0.00% 100.00% 4.67%
Utilities
0.00% 0.00% 100.00% 68.54%
Technology
0.00% 0.00% 47.43% 60.12%
Real Estate
0.00% 0.00% 100.00% 60.12%
Industrials
0.00% 0.00% 100.00% 61.68%
Healthcare
0.00% 0.00% 37.50% 62.93%
Financial Services
0.00% 0.00% 100.00% 66.36%
Communication Services
0.00% 0.00% 100.00% 67.60%
Consumer Defense
0.00% 0.00% 94.65% 60.44%
Consumer Cyclical
0.00% 0.00% 100.00% 64.49%
Basic Materials
0.00% 0.00% 100.00% 60.44%

Stock Geographic Breakdown

Weighting Return Low Return High TCBRX % Rank
US
0.03% -0.38% 15.45% 4.56%
Non US
0.00% -1.87% 9.28% 52.16%

Bond Sector Breakdown

Weighting Return Low Return High TCBRX % Rank
Securitized
39.07% 0.00% 98.30% 17.74%
Corporate
34.20% 0.00% 99.29% 21.16%
Government
18.59% -2.21% 122.41% 36.35%
Municipal
4.21% 0.00% 100.11% 47.45%
Cash & Equivalents
3.89% -29.57% 39.95% 33.94%
Derivative
0.04% -0.83% 31.05% 12.18%

Bond Geographic Breakdown

Weighting Return Low Return High TCBRX % Rank
US
83.48% 61.83% 156.78% 78.70%
Non US
11.33% -26.61% 26.76% 19.32%

Expenses

TCBRX - Expenses

Operational Fees

TCBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.01% 34.57% 74.41%
Management Fee 0.29% 0.00% 1.10% 21.90%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% 96.81%

Sales Fees

TCBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

TCBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

TCBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 106.00% 0.00% 493.00% 78.50%

Distributions

TCBRX - Distributions

Dividend Yield Analysis

TCBRX Category Low Category High TCBRX % Rank
Dividend Yield 0.00% 0.00% 3.70% 61.85%

Dividend Distribution Analysis

TCBRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

TCBRX Category Low Category High TCBRX % Rank
Net Income Ratio 3.18% -0.20% 6.30% 17.13%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

TCBRX - Fund Manager Analysis

Managers

Kevin Lorenz


Start Date

Tenure

Tenure Rank

Mar 31, 2006

14.01

14.0%

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

14.01

14.0%

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.

William Martin


Start Date

Tenure

Tenure Rank

Aug 24, 2011

8.61

8.6%

Bill is Nuveen’s global fixed income chief investment officer and is responsible for overseeing all portfolio management, research, trading and risk management activities. He is also the lead portfolio manager for the TIAA-CREF Bond Plus strategy, co-manager of the Multi-Sector Bond strategy and co-chairs the investment committee, which establishes investment policy for all global fixed income products. Bill joined the firm in 2004. Prior to his current role, Bill managed TIAA’s agency and non-agency mortgage-backed securities exposure across accounts. He was also a member of the corporate private placement team responsible for both investment grade and alternative investment transactions. Previously, he was a vice president and founding member of Visible Markets, a broker-dealer focused on structured finance transactions. He also served as a fixed income consultant for Barra, a risk management firm, analyzing multi-sector portfolio risk.

Anupam Damani


Start Date

Tenure

Tenure Rank

Aug 01, 2019

0.67

0.7%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 33.35 7.41 0.25