Continue to site >
Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.26

$9.75 B

3.77%

$0.35

0.58%

Vitals

YTD Return

0.0%

1 yr return

3.7%

3 Yr Avg Return

-2.2%

5 Yr Avg Return

1.0%

Net Assets

$9.75 B

Holdings in Top 10

15.1%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.58%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 295.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$2,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.26

$9.75 B

3.77%

$0.35

0.58%

TIORX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.70%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    TIAA-CREF Core Bond Fund
  • Fund Family Name
    TIAA-CREF FUNDS COMPLEX
  • Inception Date
    Mar 31, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Individual
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Cerra

Fund Description

Under normal circumstances, the Fund invests at least 80% of its assets in bonds. For these purposes, bonds include fixed-income securities of all types. 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, mortgage-backed and other asset-backed securities, convertible and preferred securities, senior loans and loan participations and assignments and notes. The Fund may also invest in other fixed-income securities, including those of non-investment-grade quality (usually called “high-yield” or “junk bonds”). Securities of non-investment-grade quality are speculative in nature. The Fund does not rely exclusively on rating agencies when making investment decisions. Instead, the Fund’s investment adviser, Teachers Advisors, LLC (“Advisors”), performs its own credit analysis, paying particular attention to economic trends and other market events. Individual securities or sectors may be overweighted or underweighted relative to the Fund’s benchmark index, the Bloomberg U.S. Aggregate Bond Index, when Advisors believes that such overweight or underweight may cause the Fund to outperform the index. For purposes of the 80% investment policy, the term “assets” means net assets, plus the amount of any borrowings for investment purposes.

The Fund may invest in fixed-income securities of any duration. As of May 31, 2023, the duration of the Fund’s benchmark index, the Bloomberg U.S. Aggregate Bond Index, was 6.27 years.

The Fund’s investments in mortgage-backed securities can include pass-through securities sold by private, governmental and government-related organizations and collateralized mortgage obligations (“CMOs”). Mortgage pass-through securities are created when mortgages are pooled together and interests in the pool are sold to investors. The cash flow from the underlying mortgages is “passed through” to investors in periodic principal and interest payments. CMOs are obligations that are fully collateralized directly or indirectly by a pool of mortgages from which payments of principal and interest are dedicated to the payment of principal and interest on the CMO.

The Fund may use an investment strategy called “mortgage rolls” (also referred to as “dollar rolls”), in which the Fund sells securities for delivery in the current month and simultaneously contracts with a counterparty to repurchase similar (same type, coupon and maturity) but not identical securities on a specified future date. The Fund loses the right to receive principal and interest paid on the securities sold. However, the Fund would benefit to the extent of any price received for the securities sold and the lower forward price for the future purchase (often referred to as the “drop”) plus the interest earned on the short-term investment awaiting the settlement date of the forward purchase. If such benefits exceed the income and gain or loss due to mortgage repayments that would have been realized on the securities sold as part of the mortgage roll, the use of this technique will enhance the investment performance of the Fund compared with what such performance would have been without the use of mortgage rolls. Realizing benefits from the use of mortgage rolls depends upon the ability of Advisors to correctly predict mortgage prepayments and interest rates.

The Fund may also engage in relative value trading, a strategy in which the Fund reallocates assets across different sectors and maturities. Relative value

trading is designed to enhance the Fund’s returns but increases the Fund’s portfolio turnover rate.

The Fund may purchase and sell futures, options, swaps, forwards and other fixed-income derivative instruments to carry out the Fund’s investment strategies. The Fund may also invest in foreign securities, including emerging markets fixed-income securities and non-dollar-denominated instruments. Under most circumstances, the Fund’s investments in fixed-income securities of foreign issuers constitute less than 25% of the Fund’s assets.

Read More

TIORX - Performance

Return Ranking - Trailing

Period TIORX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -6.0% 3.9% 27.20%
1 Yr 3.7% -10.3% 16.1% 27.21%
3 Yr -2.2%* -10.4% 26.2% 30.99%
5 Yr 1.0%* -6.6% 191.4% 26.61%
10 Yr 1.9%* -2.4% 73.7% 23.83%

* Annualized

Return Ranking - Calendar

Period TIORX Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% -16.2% 8.1% 38.35%
2022 -15.7% -34.7% 131.9% 42.31%
2021 -3.3% -11.6% 4.4% 46.57%
2020 3.5% -10.1% 946.1% 59.39%
2019 6.2% -1.7% 156.4% 28.70%

Total Return Ranking - Trailing

Period TIORX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -6.0% 3.9% 27.20%
1 Yr 3.7% -10.3% 16.1% 27.21%
3 Yr -2.2%* -10.4% 26.2% 30.99%
5 Yr 1.0%* -6.6% 191.4% 26.61%
10 Yr 1.9%* -2.4% 73.7% 23.83%

* Annualized

Total Return Ranking - Calendar

Period TIORX Return Category Return Low Category Return High Rank in Category (%)
2023 6.4% -11.3% 11.0% 35.88%
2022 -13.0% -32.2% 131.9% 28.74%
2021 1.0% -9.4% 9.2% 9.29%
2020 9.8% -1.9% 1009.0% 20.85%
2019 9.3% 1.1% 21668.0% 36.56%

NAV & Total Return History


TIORX - Holdings

Concentration Analysis

TIORX Category Low Category High TIORX % Rank
Net Assets 9.75 B 2.73 M 292 B 16.70%
Number of Holdings 1974 1 17889 18.59%
Net Assets in Top 10 1.48 B -106 M 36.5 B 21.04%
Weighting of Top 10 15.11% 4.4% 134.1% 79.23%

Top 10 Holdings

  1. United States Treasury Note 2.90%
  2. United States Treasury Note 2.07%
  3. United States Treasury Note 1.75%
  4. United States Treasury Note 1.54%
  5. United States Treasury Note 1.44%
  6. Federal National Mortgage Association (FNMA) 1.40%
  7. United States Treasury Note 1.18%
  8. United States Treasury Note 0.99%
  9. United States Treasury Note 0.99%
  10. United States Treasury Note 0.86%

Asset Allocation

Weighting Return Low Return High TIORX % Rank
Bonds
93.66% 0.00% 215.98% 57.03%
Other
5.35% -13.23% 58.65% 41.19%
Convertible Bonds
2.31% 0.00% 7.93% 20.69%
Cash
1.95% -54.51% 88.26% 62.62%
Preferred Stocks
0.11% 0.00% 74.68% 17.12%
Stocks
0.00% 0.00% 99.93% 30.86%

Stock Sector Breakdown

Weighting Return Low Return High TIORX % Rank
Basic Materials
100.00% 0.00% 100.00% 2.34%
Utilities
0.00% 0.00% 100.00% 75.44%
Technology
0.00% 0.00% 43.45% 76.02%
Real Estate
0.00% 0.00% 99.26% 74.85%
Industrials
0.00% 0.00% 48.31% 78.95%
Healthcare
0.00% 0.00% 17.70% 73.68%
Financial Services
0.00% 0.00% 100.00% 80.70%
Energy
0.00% 0.00% 100.00% 82.46%
Communication Services
0.00% 0.00% 100.00% 78.95%
Consumer Defense
0.00% 0.00% 99.67% 76.02%
Consumer Cyclical
0.00% 0.00% 100.00% 80.70%

Stock Geographic Breakdown

Weighting Return Low Return High TIORX % Rank
Non US
0.00% 0.00% 86.52% 3.62%
US
0.00% 0.00% 99.93% 31.60%

Bond Sector Breakdown

Weighting Return Low Return High TIORX % Rank
Corporate
34.84% 0.00% 100.00% 35.27%
Securitized
31.87% 0.00% 98.40% 43.15%
Government
22.06% 0.00% 86.23% 55.76%
Cash & Equivalents
1.95% 0.00% 88.06% 56.26%
Municipal
1.31% 0.00% 100.00% 22.36%
Derivative
-0.19% -5.38% 58.65% 84.83%

Bond Geographic Breakdown

Weighting Return Low Return High TIORX % Rank
US
93.38% 0.00% 215.98% 50.20%
Non US
0.28% 0.00% 39.04% 34.54%

TIORX - Expenses

Operational Fees

TIORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.58% 0.01% 39.10% 63.21%
Management Fee 0.28% 0.00% 1.76% 25.69%
12b-1 Fee 0.25% 0.00% 1.00% 50.00%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

TIORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TIORX 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.

TIORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 295.00% 2.00% 493.39% 84.79%

TIORX - Distributions

Dividend Yield Analysis

TIORX Category Low Category High TIORX % Rank
Dividend Yield 3.77% 0.00% 9.75% 53.91%

Dividend Distribution Analysis

TIORX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

TIORX Category Low Category High TIORX % Rank
Net Income Ratio 1.70% -1.28% 4.79% 50.82%

Capital Gain Distribution Analysis

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

Distributions History

View More +

TIORX - Fund Manager Analysis

Managers

John Cerra


Start Date

Tenure

Tenure Rank

Dec 31, 2003

18.43

18.4%

John is a portfolio manager for Nuveen’s global fixed income team. He is the lead portfolio manager for the Short-Term Bond and Inflation- Linked Bond strategies. He is also a member of the Investment Committee, which establishes investment policy for all global fixed income products. Since joining the firm in 1985, John has held several positions including managing the public asset-backed securities team and U.S. dollar-based derivative investment portfolio. He also served as an investment officer of the public markets structured finance team and bond group. In addition, John worked as a quantitative fixed income investment analyst. John graduated with a B.A. in Economics from Fordham University and an M.B.A. in Finance from Rutgers University’s Graduate School of Management.

Joseph Higgins


Start Date

Tenure

Tenure Rank

Aug 24, 2011

10.78

10.8%

Joseph is a portfolio manager for Nuveen’s global fixed income team. He is the lead portfolio manager responsible for the TIAA Bond strategy and a member of the Investment Committee, which establishes investment policy for all global fixed income products. Since joining the firm in 1995, he has held a variety of positions. He has managed structured credit investments and was an investment grade portfolio manager. In addition, he has served as director of private placements, international bank analyst, international investment grade portfolio manager and co-head of corporate credit research. Joseph initiated the first securitization and co-developed the first collateralized debt obligation (CDO) for TIAA. Prior to joining the firm, he was a certified public accountant with PricewaterhouseCoopers. Joseph graduated with a B.S., magna cum laude, in Accounting with a minor in Economics from The State University of New York at Albany and an M.B.A. from The Wharton School of the University of Pennsylvania with dual concentrations in Finance and Marketing. He holds the CFA designation and he is a member of the New York State Society of Securities Analysts and the CFA Institute. He was also a founding member of the User Advisory Council of the Financial Accounting Standards Board (FASB).

Jason O'Brien


Start Date

Tenure

Tenure Rank

Dec 31, 2019

2.42

2.4%

Jason is a portfolio manager for Nuveen’s global fixed income team. He is the lead manager of the Nuveen Core and Public Funds strategies and is also a portfolio manager of the Short Duration Multi-Sector strategy. Previously, he oversaw the securitized debt sector team and is a member of the global fixed income strategy committee. He began working in the investment industry in 1993 when he joined the firm. Jason graduated with a B.A. in Finance from the University of St. Thomas. He holds the CFA® designation and is a member of the CFA® Institute and the CFA® Society of Minnesota.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.82 1.16