TSDFX: TIAA-CREF Short Duration Impact Bd Prem

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TSDFX TIAA-CREF Short Duration Impact Bd Prem


Profile

TSDFX - Profile

Vitals

  • YTD Return 1.0%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $28.5 M
  • Holdings in Top 10 23.3%

52 WEEK LOW AND HIGH

$10.24
$10.02
$10.24

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.42%

SALES FEES

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

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.01%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    TIAA-CREF Short Duration Impact Bond Fund
  • Fund Family Name
    TIAA Investments
  • Inception Date
    Nov 16, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jessica Zarzycki

Fund Description

Under normal circumstances, the fund invests at least 80% of its assets in fixed-income investments with average maturities or average lives of less than 5 years. The fund primarily invests in a broad range of investment-grade bonds and fixed-income securities, including, but not limited to, U.S. government securities, corporate bonds and mortgage-backed and other asset-backed securities.


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Categories

Performance

TSDFX - Performance

Return Ranking - Trailing

Period TSDFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -2.4% 1.7% 11.23%
1 Yr 2.0% -6.6% 4.5% 42.37%
3 Yr N/A* -3.8% 1.3% N/A
5 Yr N/A* -20.3% 1.8% N/A
10 Yr N/A* -9.8% 2.2% N/A

* Annualized

Return Ranking - Calendar

Period TSDFX Return Category Return Low Category Return High Rank in Category (%)
2019 1.5% -6.6% 4.9% 71.75%
2018 N/A -4.1% 1.0% N/A
2017 N/A -0.7% 2.8% N/A
2016 N/A -65.8% 7.1% N/A
2015 N/A -6.6% 3.0% N/A

Total Return Ranking - Trailing

Period TSDFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -2.4% 1.7% 11.23%
1 Yr 2.0% -6.6% 4.5% 42.94%
3 Yr N/A* -3.8% 2.9% N/A
5 Yr N/A* -18.8% 2.9% N/A
10 Yr N/A* -8.1% 3.5% N/A

* Annualized

Total Return Ranking - Calendar

Period TSDFX Return Category Return Low Category Return High Rank in Category (%)
2019 1.5% -6.6% 4.9% 74.01%
2018 N/A -4.1% 3.2% N/A
2017 N/A -0.7% 4.7% N/A
2016 N/A -65.2% 8.4% N/A
2015 N/A -5.3% 3.1% N/A

NAV & Total Return History


Holdings

TSDFX - Holdings

Concentration Analysis

TSDFX Category Low Category High TSDFX % Rank
Net Assets 28.5 M 272 K 63.2 B 91.98%
Number of Holdings 78 7 2087 88.11%
Net Assets in Top 10 6.69 M -5.43 M 4.16 B 89.19%
Weighting of Top 10 23.32% 6.5% 99.4% 55.17%

Top 10 Holdings

  1. United States Treasury Notes 2.62% 5.42%
  2. Wells Fargo Commercial Mortgage Trust 2.71% 2.72%
  3. Bank of America Corporation 2.46% 2.54%
  4. Alexandria Real Estate Equities, Inc. 4% 1.86%
  5. CNH Industrial Capital LLC 4.2% 1.84%
  6. Perusahaan Penerbit SBSN Indonesia III 3.75% 1.81%
  7. INTERNATIONAL DEVELOPMENT ASSOCIATION 2.75% 1.80%
  8. HSBC Holdings plc 3.03% 1.78%
  9. NCUA Guaranteed Notes Trust 2010-R1 3.45% 1.78%
  10. Verizon Communications Inc. 2.89% 1.77%

Asset Allocation

Weighting Return Low Return High TSDFX % Rank
Bonds
95.50% 22.39% 137.59% 39.46%
Cash
3.95% -50.76% 77.61% 51.35%
Convertible Bonds
1.04% 0.00% 4.79% 56.76%
Stocks
0.00% 0.00% 7.97% 67.03%
Preferred Stocks
0.00% 0.00% 35.82% 67.03%
Other
-0.49% -0.49% 13.17% 100.00%

Bond Sector Breakdown

Weighting Return Low Return High TSDFX % Rank
Corporate
48.37% 2.78% 96.07% 30.27%
Securitized
22.54% 0.00% 67.76% 61.08%
Government
20.69% -3.22% 56.23% 43.78%
Municipal
4.47% 0.00% 13.57% 3.78%
Cash & Equivalents
3.93% 0.15% 77.61% 58.92%
Derivative
0.00% -0.09% 21.34% 71.35%

Bond Geographic Breakdown

Weighting Return Low Return High TSDFX % Rank
US
71.06% 0.00% 137.59% 67.03%
Non US
24.44% 0.00% 77.58% 22.16%

Expenses

TSDFX - Expenses

Operational Fees

TSDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.42% 0.02% 43.40% 7.78%
Management Fee 0.30% 0.00% 1.19% 29.41%
12b-1 Fee 0.15% 0.00% 1.00% 13.13%
Administrative Fee N/A 0.05% 0.41% N/A

Sales Fees

TSDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

TSDFX 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.

TSDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 496.37% 25.16%

Distributions

TSDFX - Distributions

Dividend Yield Analysis

TSDFX Category Low Category High TSDFX % Rank
Dividend Yield 1.44% 0.00% 2.10% 5.35%

Dividend Distribution Analysis

TSDFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

TSDFX Category Low Category High TSDFX % Rank
Net Income Ratio 3.01% -2.82% 3.78% 17.68%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

TSDFX - Fund Manager Analysis

Managers

Jessica Zarzycki


Start Date

Tenure

Tenure Rank

Nov 16, 2018

1.21

1.2%

Advisors, TCIM and other advisory affiliates of TIAA—2008 to Present (fixed-income credit research and portfolio management)

Stephen Liberatore


Start Date

Tenure

Tenure Rank

Nov 16, 2018

1.21

1.2%

Stephen M. Liberatore, CFA is a managing director and fixed-income portfolio manager for the TIAA-CREF Asset Management. Mr. Liberatore is the lead portfolio manager for the TIAA’s Socially Responsible Investment (SRI) fixed income mandates and holds responsibility for investment strategy and securities selection. He joined the TIAA-CREF Asset Management in 2004. Mr. Liberatore has rich industry experience, including positions at Nationwide Mutual Insurance Co. and Protective Life Corporation, where he was responsible for portfolio management, credit research and trading for both total return and liability-driven assets. Mr. Liberatore holds a B.S. from the State University of New York at Buffalo and an MBA in finance and operations from Wake Forest University’s Babcock Graduate School of Management. He also earned the Chartered Financial Analyst designation and is a member of the CFA Society North Carolina and the CFA Institute. Mr. Liberatore is considered a subject matter expert on the management of total return SRI fixed-income portfolios, and he frequently presents at both SRI and fixed-income conferences. His views on developments in these areas have been featured in numerous industry publications. Mr. Liberatore is a member of the initial executive committee of the Green Bond Principles and the CERES Green Bond Working Group.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 23.67 5.07 3.0