Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Thank you for selecting your broker
We are redirecting you to the Broker Center now
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
Thank you for your submission, we hope you enjoy your experience
ALERT

FREE Webinar for FA’s and RIA’s — Reserve Your Seat Now!

Mutualfunds logo

TIREX TIAA-CREF Real Estate Sec Instl

  • Fund
  • TIREX
  • Price as of: Dec 02, 2016
  • $14.66
  • + $0.14
  • + 0.96%
  • Category
  • Real Estate

TIREX - Profile

Vitals

  • YTD Return -1.6%
  • 3 Yr Annualized Return 10.1%
  • 5 Yr Annualized Return 11.0%
  • Net Assets $2.01 B
  • Holdings in Top 10 38.3%

52 WEEK LOW AND HIGH

$14.66
$13.14
$16.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.51%

SALES FEES

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

BROKERAGE FEES

  • Turnover 33.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000,000

IRA

$2,000,000

Investment Themes

CATEGORY

Real Estate
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return 10.1%
  • 5 Yr Annualized Total Return 11.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.44%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name TIAA-CREF Real Estate Securities Fund
  • Fund Family Name TIAA-CREF Asset Management
  • Inception Date Oct 01, 2002
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager David Copp

Fund Description

The TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) is a low-cost, actively managed fund that seeks to provide a high level of total returns through dividends and capital appreciation. The fund invests in real estate securities located in the U.S. This includes real estate investment trusts (REITs), real estate servicing companies, real estate holding companies and property managers. The fund primarily focuses on REITs and uses various fundamental metrics to seek out growth opportunities on both the single stock and sector levels.

With is low costs, TIREX is suitable as a prime core real estate choice for investors. The fund is managed by TIAA-CREF’s Real Estate Investors.

TIREX - Performance

Return Ranking - Trailing

Period TIREX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.6% -15.4% 9.7% 60.48% 4
1 Yr 4.0% -40.6% 34.3% 67.87% 4
3 Yr 10.1% * -8.0% 14.3% 34.70% 2
5 Yr 11.0% * 6.6% 14.6% 28.78% 2
10 Yr 4.5% * 0.5% 8.0% 53.63% 3

* Annualized


Return Ranking - Calendar

Period TIREX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.9% -23.9% 2.4% 26.47% 2
2014 23.7% -3.3% 31.5% 37.61% 2
2013 -1.9% -23.2% 27.2% 39.81% 3
2012 17.6% 0.0% 40.4% 7.77% 1
2011 5.4% -12.6% 10.2% 53.89% 3

Total Return Ranking - Trailing

Period TIREX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.1% -7.5% 9.7% 70.83% 4
1 Yr 4.0% -19.9% 90.7% 52.21% 3
3 Yr 10.1% * 1.2% 14.3% 29.68% 2
5 Yr 11.0% * 6.6% 14.6% 25.37% 2
10 Yr 4.5% * 0.5% 8.0% 49.72% 3

* Annualized


Total Return Ranking - Calendar

Period TIREX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 4.7% -13.5% 12.2% 11.97% 1
2014 32.4% 0.0% 82.5% 61.26% 4
2013 2.0% -28.3% 28.4% 50.99% 3
2012 25.0% 0.0% 117.5% 34.92% 2
2011 9.2% -17.1% 11881.8% 71.60% 4

NAV & Total Return History

TIREX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

TIREX Category Low Category High TIREX % Rank Quintile
Net Assets 2.01 B 3.39 M 60.1 B 6.72% 1
Number of Holdings 59 5 546 10.67% 2
Net Assets in Top 10 810 M 711 K 20.7 B 7.91% 2
Weighting of Top 10 38.3% 3.7% 165.9% 25.69% 4

Top 10 Holdings

  1. Simon Property Group Inc 8.61%
  2. Equity Residential 3.42%
  3. Public Storage 3.16%
  4. American Tower Corp 3.35%
  5. Rexford Industrial Realty Inc 4.33%
  6. SL Green Realty Corp 2.94%
  7. Prologis Inc 3.16%
  8. Equinix Inc 3.15%
  9. Ventas Inc 2.92%
  10. Crown Castle International Corp 3.23%

Asset Allocation

Weighting Category Low Category High TIREX % Rank Quintile
Stocks
93.39% 1.09% 100.05% 24.51% 4
Cash
4.38% -109.96% 74.22% 5.14% 1
Other
2.22% 0.00% 108.20% 5.14% 1
Convertible Bonds
0.00% 0.00% 5.31% 3.16% 1
Preferred Stocks
0.00% 0.00% 41.24% 5.53% 2
Bonds
0.00% 0.00% 103.96% 5.14% 2

Stock Sector Breakdown

Weighting Category Low Category High TIREX % Rank Quintile
Real Estate
82.75% 0.00% 100.00% 25.69% 4
Communication Services
6.72% 0.00% 15.32% 2.37% 1
Basic Materials
1.63% 0.00% 33.61% 6.32% 1
Consumer Cyclical
0.93% 0.00% 25.74% 14.62% 3
Technology
0.81% 0.00% 5.45% 2.77% 1
Industrials
0.55% -0.78% 11.94% 3.16% 1
Financial Services
0.00% 0.00% 17.94% 4.35% 1
Energy
0.00% 0.00% 38.67% 2.37% 1
Consumer Defense
0.00% 0.00% 0.89% 1.98% 1
Healthcare
0.00% 0.00% 4.20% 5.93% 2
Utilities
0.00% 0.00% 16.80% 2.37% 1

Stock Geographic Breakdown

Weighting Category Low Category High TIREX % Rank Quintile
US
92.58% 1.00% 100.05% 24.51% 4
Non US
0.81% 0.00% 51.51% 5.53% 1

TIREX - Expenses

Operational Fees

TIREX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.51% 0.10% 11.43% 56.92% 1
Management Fee 0.49% 0.07% 1.31% 12.65% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

TIREX Fees (% of AUM) Category Low Category High TIREX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

TIREX Fees (% of AUM) Category Low Category High TIREX Rank Quintile
Max Redemption Fee N/A 0.75% 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.

TIREX Fees (% of AUM) Category Low Category High TIREX Rank Quintile
Turnover 33.00% 2.28% 880.00% 18.18% 2

TIREX - Distributions

Dividend Yield Analysis

TIREX Category Low Category High TIREX % Rank Quintile
Dividend Yield 0.3% 0.00% 3.78% 46.03% 3

Dividend Distribution Analysis

TIREX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

TIREX Category Low Category High TIREX % Rank Quintile
Net Income Ratio 2.44% -1.42% 10.00% 10.67% 1

Capital Gain Distribution Analysis

TIREX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

TIREX - Managers

David Copp

Manager

Start Date

Dec 31, 2005

Tenure

10.84

Tenure Rank

6.2%

Copp has been with Teachers Advisors, Inc. since 2005. Previous to that, he worked for RBC Capital Markets from 2002 to 2005, and Robertson Stephens from 1999 to 2002.


Brendan W. Lee

Manager

Start Date

Jul 10, 2006

Tenure

10.32

Tenure Rank

7.3%

Lee has been with Teachers Advisors, Inc., TIAA and its affiliates since 2006. Prior to that he worked for Cliffwood Partners, LLC, his employer since 1998.


Tenure Analysis

Category Low

0.2

Category High

22.8

Category Average

7.2

Category Mode

4.8