TIAA-CREF Quant Small/Mid-Cap Equity Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.0%
1 yr return
22.9%
3 Yr Avg Return
4.8%
5 Yr Avg Return
12.0%
Net Assets
$1.21 B
Holdings in Top 10
9.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.47%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 85.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TSMUX - Profile
Distributions
- YTD Total Return 4.0%
- 3 Yr Annualized Total Return 4.8%
- 5 Yr Annualized Total Return 12.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.19%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Annual
Fund Details
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Legal NameTIAA-CREF Quant Small/Mid-Cap Equity Fund
-
Fund Family NameTIAA-CREF FUNDS COMPLEX
-
Inception DateSep 28, 2018
-
Shares OutstandingN/A
-
Share ClassW
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPei Chen
Fund Description
Under normal circumstances, the Fund invests at least 80% of its assets in small-cap and mid-cap equity securities. In seeking a favorable long-term total return, the Fund will invest in securities that the Fund’s investment adviser, Teachers Advisors, LLC (“Advisors”), believes have favorable prospects for
significant long-term capital appreciation potential. A “small-cap” or “mid-cap” equity security is a security within the capitalization range of the companies included in the Fund’s benchmark index, the Russell 2500™Index, at the time of purchase. As of December 31, 2023, the Russell 2500 Index had a mean market capitalization of $7.0 billion and a median market capitalization of $1.5 billion. The Fund invests primarily in equity securities of small- to mid-sized companies across a wide range of sectors, growth rates and valuations. For purposes of the 80% investment policy, the term “assets” means net assets, plus the amount of any borrowings for investment purposes.
The Fund seeks to add incremental return over its stated benchmark index, while also managing the relative risk of the Fund versus its benchmark index. Advisors uses proprietary quantitative models, or models utilizing econometric and mathematical techniques, based on financial and investment theories to evaluate and score a broad universe of stocks in which the Fund invests. These models typically weigh many different variables, including the valuation of the individual stock versus the market or its peers, future earnings and sustainable growth prospects, and the price and volume trends of the stock. The score is used to form the portfolio, and the following additional inputs may also be considered: weightings of the stock and its corresponding sector in the benchmark, correlations of the stocks in the universe and trading costs. The Fund may purchase foreign equity securities, denominated in U.S. dollars or in non-U.S. dollar currencies, and equity securities issued in connection with reorganizations and other special situations.
The overall goal is to build a portfolio of stocks that generate a favorable long-term total return, while also managing the relative risk of the Fund versus its benchmark index. The Fund may also purchase and sell futures, options, swaps and other equity derivatives to carry out the Fund’s investment strategies. The Fund’s strategy is based upon Advisors’ understanding of the interplay of market factors and does not assure the Fund will perform as intended. The markets or the prices of individual securities may be affected by factors not taken into account in Advisors’ analysis.
TSMUX - Performance
Return Ranking - Trailing
Period | TSMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.0% | -10.9% | 18.8% | 8.32% |
1 Yr | 22.9% | -13.9% | 50.3% | 5.42% |
3 Yr | 4.8%* | -10.6% | 38.5% | 6.27% |
5 Yr | 12.0%* | -14.3% | 30.2% | 2.17% |
10 Yr | N/A* | -2.9% | 16.7% | N/A |
* Annualized
Return Ranking - Calendar
Period | TSMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.7% | -49.6% | 29.0% | 17.30% |
2022 | -22.4% | -59.3% | 118.2% | 68.35% |
2021 | 8.8% | -31.6% | 39.3% | 55.88% |
2020 | 13.9% | -51.0% | 39.5% | 36.98% |
2019 | 22.7% | -16.9% | 37.8% | 33.40% |
Total Return Ranking - Trailing
Period | TSMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.0% | -10.9% | 18.8% | 8.32% |
1 Yr | 22.9% | -13.9% | 50.3% | 5.42% |
3 Yr | 4.8%* | -10.6% | 38.5% | 6.27% |
5 Yr | 12.0%* | -14.3% | 30.2% | 2.17% |
10 Yr | N/A* | -2.9% | 16.7% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | TSMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 21.5% | -21.7% | 31.8% | 6.67% |
2022 | -16.0% | -45.2% | 123.7% | 37.97% |
2021 | 32.7% | 0.0% | 47.7% | 5.51% |
2020 | 16.5% | -50.5% | 46.9% | 34.91% |
2019 | 30.1% | -12.6% | 43.7% | 7.47% |
NAV & Total Return History
TSMUX - Holdings
Concentration Analysis
TSMUX | Category Low | Category High | TSMUX % Rank | |
---|---|---|---|---|
Net Assets | 1.21 B | 529 K | 145 B | 27.11% |
Number of Holdings | 369 | 2 | 2519 | 32.57% |
Net Assets in Top 10 | 118 M | 104 K | 9.83 B | 38.03% |
Weighting of Top 10 | 9.61% | -2849.0% | 100.5% | 78.98% |
Top 10 Holdings
- Fixed Income Clearing Corp (FICC) 2.76%
- Vertiv Holdings Co 1.19%
- Super Micro Computer, Inc 0.87%
- Vanguard Small-Cap ETF 0.82%
- TopBuild Corp 0.75%
- Nutanix, Inc 0.73%
- Vistra Corp 0.65%
- Boise Cascade Co 0.62%
- ITT, Inc 0.62%
- Neurocrine Biosciences, Inc 0.61%
Asset Allocation
Weighting | Return Low | Return High | TSMUX % Rank | |
---|---|---|---|---|
Stocks | 99.64% | -565235.00% | 108.16% | 14.26% |
Other | 2.76% | -598.74% | 39.24% | 8.10% |
Cash | 0.43% | 0.00% | 565934.00% | 84.86% |
Preferred Stocks | 0.00% | 0.00% | 7.53% | 92.96% |
Convertible Bonds | 0.00% | 0.00% | 3.17% | 92.59% |
Bonds | 0.00% | -2.00% | 74.53% | 92.43% |
Stock Sector Breakdown
Weighting | Return Low | Return High | TSMUX % Rank | |
---|---|---|---|---|
Industrials | 15.46% | 2.46% | 37.42% | 65.30% |
Technology | 15.35% | 0.00% | 54.70% | 32.56% |
Financial Services | 13.57% | 0.00% | 35.52% | 85.05% |
Healthcare | 11.43% | 0.00% | 26.53% | 66.73% |
Consumer Cyclical | 10.89% | 0.99% | 47.79% | 56.41% |
Real Estate | 9.51% | 0.00% | 29.43% | 17.44% |
Energy | 8.04% | 0.00% | 37.72% | 15.12% |
Basic Materials | 6.32% | 0.00% | 18.66% | 17.08% |
Consumer Defense | 5.50% | 0.00% | 18.87% | 17.62% |
Communication Services | 2.59% | 0.00% | 14.85% | 50.89% |
Utilities | 1.34% | 0.00% | 18.58% | 77.22% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | TSMUX % Rank | |
---|---|---|---|---|
US | 99.64% | -565235.00% | 108.16% | 11.09% |
Non US | 0.00% | 0.00% | 94.14% | 94.01% |
TSMUX - Expenses
Operational Fees
TSMUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.47% | 0.01% | 38.45% | 85.66% |
Management Fee | 0.44% | 0.00% | 1.50% | 19.79% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
TSMUX 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 | 1.00% | 5.00% | N/A |
Trading Fees
TSMUX 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.
TSMUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 85.00% | 1.00% | 314.00% | 82.06% |
TSMUX - Distributions
Dividend Yield Analysis
TSMUX | Category Low | Category High | TSMUX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.40% | 0.00% | 42.79% | 20.07% |
Dividend Distribution Analysis
TSMUX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Monthly | Annual |
Net Income Ratio Analysis
TSMUX | Category Low | Category High | TSMUX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.19% | -2.40% | 2.49% | 6.41% |
Capital Gain Distribution Analysis
TSMUX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 08, 2023 | $0.414 | OrdinaryDividend |
Dec 09, 2022 | $0.989 | OrdinaryDividend |
TSMUX - Fund Manager Analysis
Managers
Pei Chen
Start Date
Tenure
Tenure Rank
Aug 05, 2016
5.82
5.8%
Max Kozlov
Start Date
Tenure
Tenure Rank
Mar 01, 2019
3.25
3.3%
Max is a quantitative portfolio manager with Nuveen's Quantitative Strategies. He manages quantitative U.S. and global equities strategies. Prior to joining the firm in 2015, Max held positions at BlackRock, Inc. from 2002 to 2015, and McKinsey & Company. Max entered the investment industry in 1997. Max graduated with a bachelor's degree in Economics from Lomonosov Moscow State University, a master’s degree in Development Economics and International Development from Williams College and an M.B.A. from MIT, Sloan School of Management. He holds the CFA designation and is a member of the CFA Institute.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 49.61 | 7.06 | 2.58 |