Social Choice Equity Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.4%
1 yr return
20.5%
3 Yr Avg Return
5.7%
5 Yr Avg Return
12.5%
Net Assets
$89.4 M
Holdings in Top 10
20.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.29%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 31.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TLCHX - Profile
Distributions
- YTD Total Return 4.4%
- 3 Yr Annualized Total Return 5.7%
- 5 Yr Annualized Total Return 12.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.09%
- Dividend Yield 1.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameSocial Choice Equity Fund
-
Fund Family NameTIAA-CREF FUNDS COMPLEX
-
Inception DateApr 03, 2000
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPhilip Campagna
Fund Description
Effective as of March 1, 2024, the following language hereby replaces in its entirety the second sentence in the first paragraph of the Fund’s “Principal investment strategies” section in both the Summary Prospectus and Statutory Prospectus:
The Fund attempts to achieve the return of the U.S. stock market as represented by its benchmark, the S&P 500 Index, while taking into consideration certain ESG criteria, which include criteria relating to carbon emissions and fossil fuel reserves.
Effective as of March 1, 2024, the following language is hereby inserted after the third paragraph of the Fund’s “Principal investment strategies” section in both the Summary Prospectus and Statutory Prospectus:
In addition to the overall ESG performance evaluation, the Fund favors companies that (1) demonstrate leadership in managing and mitigating their current carbon emissions and (2) do not have evidence of fossil fuel reserves ownership, regardless of industry. The determination of leadership criteria takes into consideration company carbon emissions both in absolute terms (e.g., tons of carbon emitted directly into the atmosphere) and in relative terms (e.g., tons of carbon emitted per unit of economic output such as sales). Reserves are fossil fuel deposits that have not yet been extracted. Evidence of fossil fuel reserves ownership includes company disclosure and statements regarding ownership.
Additionally, effective as of May 1, 2024, the following language hereby replaces the Fund’s 80% policy found in the first sentence in the first paragraph of the Fund’s “Principal investment strategies” section in both the Summary Prospectus and Statutory Prospectus:
Under normal circumstances, the Fund invests at least 80% of its assets in large-cap equity securities that meet the Fund’s ESG criteria.
Further, effective as of May 1, 2024, the following language hereby replaces in its entirety the last sentence of the first paragraph of the Fund’s “Principal investment strategies” section in both the Summary Prospectus and Statutory Prospectus:
For purposes of the 80% investment policy, “large-cap” securities are equity securities that at the time of purchase have a market capitalization within the range of companies included in the S&P 500 Index and “assets” means net assets, plus the amount of any borrowings for investment purposes.
TLCHX - Performance
Return Ranking - Trailing
| Period | TLCHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.4% | -47.2% | 13.8% | 74.42% |
| 1 Yr | 20.5% | -38.4% | 44.8% | 61.32% |
| 3 Yr | 5.7%* | -15.0% | 26.9% | 72.46% |
| 5 Yr | 12.5%* | -8.9% | 106.7% | 48.89% |
| 10 Yr | N/A* | 0.2% | 20.6% | 43.36% |
* Annualized
Return Ranking - Calendar
| Period | TLCHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.1% | -42.6% | 47.4% | 57.67% |
| 2022 | -29.7% | -56.3% | -4.2% | 91.35% |
| 2021 | 21.8% | -27.2% | 53.7% | 27.38% |
| 2020 | 11.5% | -36.2% | 2181.7% | 50.04% |
| 2019 | 11.8% | -22.7% | 40.4% | 93.43% |
Total Return Ranking - Trailing
| Period | TLCHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.4% | -47.2% | 13.8% | 74.42% |
| 1 Yr | 20.5% | -38.4% | 44.8% | 61.32% |
| 3 Yr | 5.7%* | -15.0% | 26.9% | 72.46% |
| 5 Yr | 12.5%* | -8.9% | 106.7% | 48.89% |
| 10 Yr | N/A* | 0.2% | 20.6% | 40.23% |
* Annualized
Total Return Ranking - Calendar
| Period | TLCHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.4% | -5.0% | 47.4% | 60.70% |
| 2022 | -17.8% | -36.8% | -2.2% | 45.67% |
| 2021 | 26.4% | 3.0% | 124.3% | 52.73% |
| 2020 | 20.5% | -15.8% | 2266.0% | 22.02% |
| 2019 | 31.4% | -0.4% | 241.3% | 26.26% |
NAV & Total Return History
TLCHX - Holdings
Concentration Analysis
| TLCHX | Category Low | Category High | TLCHX % Rank | |
|---|---|---|---|---|
| Net Assets | 89.4 M | 2.34 M | 1.55 T | 88.23% |
| Number of Holdings | 433 | 1 | 4053 | 23.47% |
| Net Assets in Top 10 | 18 M | 885 K | 387 B | 93.01% |
| Weighting of Top 10 | 20.13% | 0.3% | 112.0% | 96.06% |
Top 10 Holdings
- Microsoft Corp 6.43%
- Nvidia Corp 2.99%
- Tesla, Inc 1.93%
- Eli Lilly Co 1.50%
- Visa, Inc (Class A) 1.36%
- Mastercard, Inc (Class A) 1.25%
- Home Depot, Inc 1.22%
- UnitedHealth Group, Inc 1.21%
- Procter Gamble Co 1.17%
- SP 500 E Mini Index 1.08%
Asset Allocation
| Weighting | Return Low | Return High | TLCHX % Rank | |
|---|---|---|---|---|
| Stocks | 98.77% | 0.00% | 124.03% | 53.92% |
| Other | 1.60% | -13.91% | 100.00% | 6.12% |
| Cash | 0.72% | 0.00% | 99.06% | 62.32% |
| Preferred Stocks | 0.00% | 0.00% | 2.38% | 75.43% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 73.62% |
| Bonds | 0.00% | -0.50% | 93.78% | 74.57% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TLCHX % Rank | |
|---|---|---|---|---|
| Technology | 24.68% | 0.00% | 48.94% | 42.81% |
| Financial Services | 15.18% | 0.00% | 55.59% | 29.07% |
| Healthcare | 14.55% | 0.00% | 60.70% | 43.93% |
| Consumer Cyclical | 10.20% | 0.00% | 30.33% | 58.79% |
| Industrials | 9.57% | 0.00% | 29.90% | 41.37% |
| Consumer Defense | 6.97% | 0.00% | 47.71% | 43.53% |
| Communication Services | 5.88% | 0.00% | 27.94% | 81.23% |
| Energy | 4.13% | 0.00% | 41.64% | 49.84% |
| Real Estate | 3.28% | 0.00% | 31.91% | 28.59% |
| Utilities | 3.22% | 0.00% | 20.91% | 21.81% |
| Basic Materials | 2.34% | 0.00% | 25.70% | 65.18% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TLCHX % Rank | |
|---|---|---|---|---|
| US | 98.77% | 0.00% | 124.03% | 41.13% |
| Non US | 0.00% | 0.00% | 62.81% | 78.10% |
TLCHX - Expenses
Operational Fees
| TLCHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.29% | 0.01% | 16.07% | 85.39% |
| Management Fee | 0.15% | 0.00% | 1.89% | 16.09% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| TLCHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| TLCHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 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.
| TLCHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 31.00% | 0.00% | 496.00% | 60.72% |
TLCHX - Distributions
Dividend Yield Analysis
| TLCHX | Category Low | Category High | TLCHX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.26% | 0.00% | 25.84% | 53.58% |
Dividend Distribution Analysis
| TLCHX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Annual |
Net Income Ratio Analysis
| TLCHX | Category Low | Category High | TLCHX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.09% | -54.00% | 6.06% | 27.64% |
Capital Gain Distribution Analysis
| TLCHX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 22, 2023 | $0.246 | OrdinaryDividend |
| Sep 20, 2019 | $2.702 | OrdinaryDividend |
TLCHX - Fund Manager Analysis
Managers
Philip Campagna
Start Date
Tenure
Tenure Rank
May 01, 2005
17.09
17.1%
Jim Campagna is a quantitative portfolio manager for the TIAA-CREF organization and Teachers Advisors, Inc. Mr. Campagna has portfolio management responsibilities for all equity index strategies and the Social Choice Equity portfolio. Mr. Campagna joined TIAA-CREF in February 2005 and has more than 15 years of investment experience. His prior experience includes seven years at Mellon Capital Management where he was responsible for several mandates and was an index strategy manager for MSCI® EAFE®. Mr. Campagna earned his B.A. in economics from the University of California, Irvine. He also holds the Chartered Financial Analyst (CFA) designation.
Lei Liao
Start Date
Tenure
Tenure Rank
May 01, 2014
8.09
8.1%
Lei Liao, CFA, is Managing Director at Teachers Advisors, LLC. Lei Liao worked at TIAA-CREF Investment Management, LLC and other advisory affiliates of TIAA from 2012 to Present (portfolio management of domestic and international large-, mid- and small-cap equity index portfolios).
Darren Tran
Start Date
Tenure
Tenure Rank
May 01, 2022
0.08
0.1%
Advisors, TCIM and other advisory affiliates of TIAA—2005 to Present (portfolio management of domestic and international large-, mid- and small-cap equity index portfolios)
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.23 | 2.42 |