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TCBRX TIAA-CREF Bond Plus R

  • Fund
  • TCBRX
  • Price as of: May 22, 2019
  • $10.38 + $0.01 + 0.10%
  • Category
  • Total Bond Market

TCBRX - Profile

Vitals

  • YTD Return 2.8%
  • 3 Yr Annualized Return -0.4%
  • 5 Yr Annualized Return -0.6%
  • Net Assets $4.31 B
  • Holdings in Top 10 11.9%

52 WEEK LOW AND HIGH

$10.38
$9.95
$10.39

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.55%

SALES FEES

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

BROKERAGE FEES

  • Turnover 156.00%

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 Core-Plus Bond

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return -0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.94%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name TIAA-CREF Bond Plus Fund
  • Fund Family Name TIAA Investments
  • Inception Date Mar 31, 2006
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Kevin R. Lorenz

TCBRX - Performance

Return Ranking - Trailing

Period TCBRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -1.4% 8.8% 43.34%
1 Yr 2.7% -16.4% 4.9% 24.82%
3 Yr -0.4%* -4.6% 43.7% 72.75%
5 Yr -0.6%* -5.8% 22.9% 61.70%
10 Yr 1.1%* -7.4% 15.9% 35.32%

* Annualized


Return Ranking - Calendar

Period TCBRX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.4% -22.2% 3.1% 58.72%
2017 1.5% -5.1% 25.1% 37.47%
2016 0.6% -8.5% 192.8% 48.66%
2015 -3.5% -33.0% 3.0% 66.74%
2014 1.8% -29.8% 32.1% 35.78%

Total Return Ranking - Trailing

Period TCBRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -1.4% 8.8% 45.06%
1 Yr 2.7% -16.4% 8.0% 33.67%
3 Yr -0.4%* -4.6% 48.8% 81.40%
5 Yr -0.6%* -3.8% 28.1% 76.40%
10 Yr 1.1%* -7.4% 18.7% 56.48%

* Annualized


Total Return Ranking - Calendar

Period TCBRX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.4% -22.2% 7.9% 65.91%
2017 1.5% -4.6% 25.1% 46.95%
2016 0.6% -4.1% 204.3% 60.14%
2015 -3.5% -32.4% 4.2% 76.98%
2014 1.8% -29.8% 32.1% 46.30%

NAV & Total Return History

TCBRX - Holdings

Concentration Analysis

TCBRX Category Low Category High TCBRX % Rank
Net Assets 4.31 B 337 K 218 B 23.51%
Number of Holdings 1391 3 17324 15.51%
Net Assets in Top 10 518 M -1.98 B 29.3 B 32.87%
Weighting of Top 10 11.93% 3.4% 1616.9% 85.29%

Top 10 Holdings

  1. United States Treasury Bonds 3% 1.68%

  2. United States Treasury Bonds 3% 1.48%

  3. Federal National Mortgage Association 3.5% 1.35%

  4. Federal National Mortgage Association 4% 1.33%

  5. Federal National Mortgage Association 4% 1.21%

  6. United States Treasury Notes 2.62% 1.04%

  7. United States Treasury Notes 2% 1.03%

  8. United States Treasury Notes 1.62% 1.03%

  9. Federal Home Loan Mortgage Corporation 3.5% 0.91%

  10. Federal Home Loan Mortgage Corporation 3% 0.88%


Asset Allocation

Weighting Return Low Return High TCBRX % Rank
Bonds
92.55% -342.57% 340.77% 66.40%
Cash
6.98% -246.66% 453.71% 28.50%
Convertible Bonds
0.32% 0.00% 28.21% 53.02%
Stocks
0.07% -0.99% 97.68% 17.50%
Other
0.07% -98.75% 19.81% 32.27%
Preferred Stocks
0.00% -0.18% 20.25% 91.98%

Stock Sector Breakdown

Weighting Return Low Return High TCBRX % Rank
Energy
0.04% -0.07% 12.15% 26.36%
Basic Materials
0.03% -0.07% 7.31% 15.37%
Utilities
0.00% -0.05% 6.86% 86.41%
Technology
0.00% -0.32% 12.59% 85.46%
Real Estate
0.00% -0.03% 11.03% 86.52%
Industrials
0.00% -0.15% 11.90% 86.88%
Healthcare
0.00% -0.21% 10.12% 85.93%
Financial Services
0.00% -0.20% 19.84% 88.77%
Communication Services
0.00% -0.05% 4.13% 86.52%
Consumer Defense
0.00% -0.21% 11.75% 85.34%
Consumer Cyclical
0.00% -0.17% 9.93% 87.00%

Stock Geographic Breakdown

Weighting Return Low Return High TCBRX % Rank
US
0.07% -7.14% 57.02% 14.71%
Non US
0.00% -0.62% 92.84% 87.94%

Bond Sector Breakdown

Weighting Return Low Return High TCBRX % Rank
Securitized
38.89% 0.00% 102.58% 37.84%
Corporate
31.48% 0.00% 128.48% 57.12%
Government
18.04% -203.24% 178.24% 51.42%
Cash & Equivalents
7.54% -547.52% 455.04% 21.80%
Municipal
4.39% 0.00% 102.07% 7.49%
Derivative
-0.19% -190.53% 299.06% 92.05%

Bond Geographic Breakdown

Weighting Return Low Return High TCBRX % Rank
US
81.38% -337.34% 218.41% 54.21%
Non US
11.17% -108.37% 122.36% 49.57%

TCBRX - Expenses

Operational Fees

TCBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.00% 38.42% 79.46%
Management Fee 0.29% 0.00% 2.15% 21.46%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.25% 0.00% 0.63% 92.14%

Sales Fees

TCBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.15% 5.50% N/A

Trading Fees

TCBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 156.00% 0.00% 2337.00% 75.08%

TCBRX - Distributions

Dividend Yield Analysis

TCBRX Category Low Category High TCBRX % Rank
Dividend Yield 0.02% 0.00% 2.87% 78.74%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TCBRX Category Low Category High TCBRX % Rank
Net Income Ratio 2.94% -2.82% 7.22% 26.57%

Capital Gain Distribution Analysis

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

TCBRX - Managers

Kevin R. Lorenz

Manager

Start Date

Tenure

Tenure Rank

Mar 31, 2006

13.09

13.1%

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

Tenure

Tenure Rank

Mar 31, 2006

13.09

13.1%

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


William Martin

Manager

Start Date

Tenure

Tenure Rank

Aug 24, 2011

7.69

7.7%

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. 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.


Tenure Analysis

Category Low

0.0

Category High

30.35

Category Average

6.92

Category Mode

6.95