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TCBRX TIAA-CREF Bond Plus R

  • Fund
  • TCBRX
  • Price as of: Aug 08, 2016
  • $10.71
  • + $0.01
  • + 0.09%
  • Category
  • Total Bond Market

TCBRX - Profile

Vitals

  • YTD Return 4.5%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 4.3%
  • Net Assets $3.2 B
  • Holdings in Top 10 13.2%

52 WEEK LOW AND HIGH

$10.71
$10.24
$10.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.56%

SALES FEES

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

BROKERAGE FEES

  • Turnover 293.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.80%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name TIAA-CREF Bond Plus Fund
  • Fund Family Name TIAA-CREF Asset Management
  • Inception Date Mar 31, 2006
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager William Martin

TCBRX - Performance

Return Ranking - Trailing

Period TCBRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.5% -29.9% 209.8% 16.83% 2
1 Yr 5.5% -15.9% 20.3% 18.37% 1
3 Yr 4.5% * -6.4% 10.4% 9.83% 1
5 Yr 4.3% * -3.4% 9.0% 13.07% 1
10 Yr 4.9% * -1.1% 10.2% 34.45% 2

* Annualized


Return Ranking - Calendar

Period TCBRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.5% -51.0% 6.6% 46.56% 4
2014 N/A -0.4% 2.9% N/A N/A
2013 N/A -4.9% -0.8% N/A N/A
2012 N/A 0.8% 13.9% N/A N/A
2011 N/A -1.7% 3.8% N/A N/A

Total Return Ranking - Trailing

Period TCBRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.5% -8.1% 209.8% 17.16% 2
1 Yr 5.5% -19.0% 20.3% 15.26% 1
3 Yr 4.5% * -7.1% 10.4% 8.71% 1
5 Yr 4.3% * -4.3% 9.0% 11.89% 1
10 Yr 4.9% * -1.1% 10.2% 32.11% 2

* Annualized


Total Return Ranking - Calendar

Period TCBRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.5% -51.0% 6.6% 46.61% 4
2014 N/A -0.3% 4.5% N/A N/A
2013 N/A -4.6% 0.6% N/A N/A
2012 N/A 1.4% 15.7% N/A N/A
2011 N/A -0.9% 5.5% N/A N/A

NAV & Total Return History

TCBRX - Holdings

Filings data as of: May 31, 2016

Concentration Analysis

TCBRX Category Low Category High TCBRX % Rank Quintile
Net Assets 3.2 B 319 K 169 B 6.10% 2
Number of Holdings 1351 1 17404 3.56% 1
Net Assets in Top 10 414 M -36 B 21.5 B 7.27% 2
Weighting of Top 10 13.2% 0.0% 1826.2% 25.53% 5

Top 10 Holdings

  1. US Treasury Note 1.625% 3.05%
  2. US Treasury Note 0.75% 2.05%
  3. US Treasury Bond 2.5% 1.72%
  4. FNMA 3.5% 1.03%
  5. US Treasury Note 1.375% 1.02%
  6. US Treasury Bond 3% 1.00%
  7. Ginnie Mae Jumbos TBA 3% 2046-07-01 0.99%
  8. US Treasury Bond 3% 0.84%
  9. US Treasury Note 1.375% 0.79%
  10. GNMA 3.5% 0.74%

Asset Allocation

Weighting Category Low Category High TCBRX % Rank Quintile
Bonds
91.80% -175.98% 181.87% 11.09% 2
Other
4.94% -15.97% 117.15% 3.05% 1
Cash
3.25% -82.73% 275.92% 22.89% 4
Preferred Stocks
0.01% -0.07% 17.65% 7.73% 3
Convertible Bonds
0.00% 0.00% 18.40% 5.29% 3
Stocks
0.00% -5.60% 98.06% 5.39% 2

Bond Sector Breakdown

Weighting Category Low Category High TCBRX % Rank Quintile
Securitized
37.70% 0.00% 275.57% 9.41% 2
Corporate
34.59% 0.00% 502.59% 15.41% 3
Government
15.93% -990.83% 129.84% 16.38% 3
Cash & Equivalents
3.25% -63.55% 811.66% 23.55% 4
Municipal
3.25% 0.00% 106.20% 4.07% 1
Derivative
0.16% -895.14% 18.41% 1.53% 1

Bond Geographic Breakdown

Weighting Category Low Category High TCBRX % Rank Quintile
US
80.02% -513.97% 163.91% 12.51% 3
Non US
11.78% -5.42% 399.20% 13.02% 3

TCBRX - Expenses

Operational Fees

TCBRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.56% 0.00% 42.51% 11.91% 1
Management Fee 0.29% 0.00% 2.15% 3.61% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.25% 0.00% 0.63% 1.04% 5

Sales Fees

TCBRX Fees (% of AUM) Category Low Category High TCBRX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

TCBRX Fees (% of AUM) Category Low Category High TCBRX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover 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 Low Category High TCBRX Rank Quintile
Turnover 293.00% 0.00% 1944.00% 4.33% 4

TCBRX - Distributions

Dividend Yield Analysis

TCBRX Category Low Category High TCBRX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.30% 16.50% 2

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TCBRX Category Low Category High TCBRX % Rank Quintile
Net Income Ratio 2.80% -1.76% 17.13% 9.31% 2

Capital Gain Distribution Analysis

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

TCBRX - Managers

William Martin

Lead Manager

Start Date

Aug 24, 2011

Tenure

4.94

Tenure Rank

5.3%

Bill Martin is a managing director and fixed-income portfolio manager for the TIAA-CREF organization. Mr. Martin is lead portfolio manager and responsible for asset allocation for the organization’s bond plus portfolios. Previously, he co-managed TIAA-CREF’s mortgage-backed securities (MBS) exposure across all accounts, with a primary focus on non-agency and subprime securities. In addition, he was a portfolio manager for two of the organization’s structured finance CDO (collateralized debt obligation) products. Prior to that, he was a member of the MBS team with responsibility for analyzing and trading TIAA-CREF’s agency MBS portfolio. He joined TIAA-CREF in 2004 as a member of the Corporate Private Placement team responsible for both investment grade and alternative investment transactions. Mr. Martin has 15 years of investment experience. 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. Mr. Martin earned a B.S. in managerial economics from the University of California at Davis and an M.B.A. from the Ross School of Business at the University of Michigan.


Kevin R. Lorenz

Manager

Start Date

Mar 31, 2006

Tenure

10.34

Tenure Rank

2.6%

Lorenz is a lead portfolio manager with Teachers Advisors, Inc. and joined in 1987. Lorenz holds the Charted Financial Analyst designation.


John Michael Cerra

Manager

Start Date

Mar 31, 2006

Tenure

10.34

Tenure Rank

2.6%

Cerra joined Teachers Advisors, Inc. in 1985, and serves as Lead Portfolio manager.


Tenure Analysis

Category Low

0.0

Category High

27.6

Category Average

5.91

Category Mode

1.6