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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.70

$20.3 B

2.60%

$0.25

0.18%

Vitals

YTD Return

2.8%

1 yr return

-11.0%

3 Yr Avg Return

-5.0%

5 Yr Avg Return

-1.8%

Net Assets

$20.3 B

Holdings in Top 10

9.7%

52 WEEK LOW AND HIGH

$9.7
$9.10
$10.88

Expenses

OPERATING FEES

Expense Ratio 0.18%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 18.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.70

$20.3 B

2.60%

$0.25

0.18%

TBIAX - Profile

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return -5.0%
  • 5 Yr Annualized Total Return -1.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.79%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    TIAA-CREF Bond Index Fund
  • Fund Family Name
    TIAA Investments
  • Inception Date
    Dec 04, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Lijun (Kevin) Chen

Fund Description

Under normal circumstances, the Fund invests at least 80% of its assets in bonds within its benchmark and portfolio tracking index, the Bloomberg U.S. Aggregate Bond Index (the “Index”). The Fund uses a sampling technique to

create a portfolio that closely matches the overall investment characteristics of the Index (for example, duration, sector diversification and credit quality) without investing in all of the securities in its index. At times the Fund may purchase securities not held in the Index, but which Teachers Advisors, LLC (“Advisors”) believes have similar investment characteristics to securities held in its index. Generally, the Fund intends to invest in a wide spectrum of public, investment-grade, taxable debt securities denominated in U.S. dollars including government securities, as well as mortgage-backed, commercial mortgage-backed and asset-backed securities. The Fund’s investments in mortgage-backed securities may include pass-through securities sold by private, governmental and government-related organizations and U.S. Government-sponsored enterprises (“GSEs”), to the extent that such instruments are held by the Index. The Fund generally will invest in foreign securities denominated in U.S. dollars only to the extent they are included or eligible to be included in 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 securities purchased by the Fund will mainly be high-quality instruments rated in the top four credit categories by Moody’s or S&P or deemed to be of the same quality by Advisors using its own credit quality analysis. The Fund may continue to hold instruments that were rated as high-quality when purchased, but which subsequently are downgraded to below-investment-grade status or have their ratings withdrawn by one or more rating agencies.

Because the return of the Index is not reduced by investment and other operating expenses, the Fund’s ability to match the Index is negatively affected by the costs of buying and selling securities, as well as other fees and expenses. The use of the Index by the Fund is not a fundamental policy of the Fund and may be changed without shareholder approval.

The Fund is classified as a diversified investment company, as defined under the Investment Company Act of 1940, as amended (the “1940 Act”). However, the Fund may become non-diversified under the 1940 Act without the approval of Fund shareholders solely as a result of a change in relative market capitalization or index weighting of one or more constituents of its benchmark index, the Bloomberg U.S. Aggregate Bond Index, which the Fund seeks to track.

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TBIAX - Performance

Return Ranking - Trailing

Period TBIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -50.1% 8.3% 55.07%
1 Yr -11.0% -29.7% 144.9% 31.00%
3 Yr -5.0%* -13.0% 105.3% 48.19%
5 Yr -1.8%* -9.6% 55.7% 36.74%
10 Yr N/A* -7.2% 12.7% 80.46%

* Annualized

Return Ranking - Calendar

Period TBIAX Return Category Return Low Category Return High Rank in Category (%)
2022 -15.3% -75.2% 1360.6% 33.33%
2021 -2.0% -14.5% 1027.9% 73.73%
2020 1.4% -9.6% 118.7% 45.47%
2019 1.3% -11.4% 5.8% 54.56%
2018 -0.5% -49.5% 12.4% 26.63%

Total Return Ranking - Trailing

Period TBIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -50.1% 8.3% 58.54%
1 Yr -11.0% -29.7% 144.9% 31.00%
3 Yr -5.0%* -13.0% 105.3% 48.19%
5 Yr -1.8%* -9.6% 55.7% 42.70%
10 Yr N/A* -7.2% 13.4% 76.84%

* Annualized

Total Return Ranking - Calendar

Period TBIAX Return Category Return Low Category Return High Rank in Category (%)
2022 -15.3% -75.2% 131.9% 33.24%
2021 -2.0% -14.5% 1027.9% 73.63%
2020 1.4% -9.6% 118.7% 45.57%
2019 1.3% -11.4% 5.8% 56.98%
2018 -0.5% -7.0% 12.4% 39.78%

NAV & Total Return History


TBIAX - Holdings

Concentration Analysis

TBIAX Category Low Category High TBIAX % Rank
Net Assets 20.3 B 1.19 M 287 B 9.15%
Number of Holdings 8182 1 17234 1.45%
Net Assets in Top 10 1.99 B -106 M 27.6 B 15.72%
Weighting of Top 10 9.73% 3.7% 100.0% 97.16%

Top 10 Holdings

  1. United States Treasury Notes 2.125% 1.57%
  2. United States Treasury Bills 0% 1.22%
  3. United States Treasury Notes 0.375% 1.18%
  4. United States Treasury Notes 1.75% 1.01%
  5. State Str Navigator Secs Lending Tr 1.00%
  6. United States Treasury Notes 0.75% 0.95%
  7. United States Treasury Bonds 3.5% 0.93%
  8. Government National Mortgage Association 2% 0.87%
  9. United States Treasury Notes 2.25% 0.84%
  10. Government National Mortgage Association 2% 0.82%

Asset Allocation

Weighting Return Low Return High TBIAX % Rank
Bonds
98.38% 3.97% 268.18% 24.84%
Cash
1.95% -181.13% 95.99% 59.26%
Convertible Bonds
1.04% 0.00% 10.39% 62.96%
Stocks
0.00% -0.98% 24.74% 74.89%
Preferred Stocks
0.00% 0.00% 77.13% 78.14%
Other
-1.37% -13.23% 23.06% 94.76%

Bond Sector Breakdown

Weighting Return Low Return High TBIAX % Rank
Government
43.21% 0.00% 86.23% 11.56%
Securitized
29.64% 0.00% 98.79% 49.32%
Corporate
24.48% 0.00% 100.00% 69.11%
Cash & Equivalents
1.93% 0.00% 95.99% 77.60%
Municipal
0.75% 0.00% 100.00% 32.16%
Derivative
0.00% 0.00% 25.16% 78.95%

Bond Geographic Breakdown

Weighting Return Low Return High TBIAX % Rank
US
91.62% 3.63% 210.09% 26.20%
Non US
6.76% -6.54% 58.09% 64.77%

TBIAX - Expenses

Operational Fees

TBIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.18% 0.01% 2.93% 94.24%
Management Fee 0.07% 0.00% 1.76% 4.61%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

TBIAX 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% 5.50% N/A

Trading Fees

TBIAX 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.

TBIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 2.00% 493.39% 3.07%

TBIAX - Distributions

Dividend Yield Analysis

TBIAX Category Low Category High TBIAX % Rank
Dividend Yield 2.60% 0.00% 30.65% 64.22%

Dividend Distribution Analysis

TBIAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

TBIAX Category Low Category High TBIAX % Rank
Net Income Ratio 1.79% -1.28% 8.97% 43.02%

Capital Gain Distribution Analysis

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

Distributions History

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TBIAX - Fund Manager Analysis

Managers

Lijun (Kevin) Chen


Start Date

Tenure

Tenure Rank

Dec 31, 2009

12.42

12.4%

TIAA—2006 to Present (quantitative portfolio management); previously, fixed-income quantitative strategies, enterprise risk management

James Tsang


Start Date

Tenure

Tenure Rank

Aug 24, 2011

10.78

10.8%

James is a quantitative portfolio manager for Nuveen’s global fixed income team and is responsible for quantitative portfolio strategies, derivatives analytics, and performance analysis. In addition, he is the co-portfolio manager of the Bond Index strategy. Prior to joining the firm in 2007, James was a senior quantitative analyst at AIG Investment Management Co., where he was responsible for portfolio and derivatives investment strategies. Prior to that, James held positions at AIG, Brown Brothers Harriman & Co., Mackenzie Investment Management Inc., and EBF & Associates Fixed Income Arbitrage Hedge Fund. James graduated with a B.S. in Applied Mathematics from Anhui University, an M.S. in Computational Mathematics from Chinese Academy of Sciences, a Ph.D. in Statistics from Michigan State University, and an M.S. in Financial Mathematics from the University of Chicago.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16