TIAA-CREF Money Market Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.9%
1 yr return
4.7%
3 Yr Avg Return
2.3%
5 Yr Avg Return
1.7%
Net Assets
$41 M
Holdings in Top 10
29.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.12%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000,000
IRA
N/A
Fund Classification
Fund Type
Money Market Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TCIXX - Profile
Distributions
- YTD Total Return 0.9%
- 3 Yr Annualized Total Return 2.3%
- 5 Yr Annualized Total Return 1.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.00%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameTIAA-CREF Money Market Fund
-
Fund Family NameTIAA-CREF FUNDS COMPLEX
-
Inception DateJul 01, 1999
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChad Kemper
Fund Description
The Fund is a “government money market fund,” as defined in the applicable rules governing money market funds, and as such invests at least 99.5% of its total assets in cash, U.S. Government securities and/or repurchase agreements that are collateralized fully by cash or U.S. Government securities. These investments include (1) securities issued by, or whose principal and interest are guaranteed by, the U.S. Government or one of its agencies or instrumentalities and (2) repurchase agreements involving securities issued or guaranteed by the U.S. Government or one of its agencies or instrumentalities. Short-term, U.S. Government securities generally pay interest that is among the lowest for income-paying securities. Because of this, the yield on the Fund will likely be lower than the yields on funds that invest in longer-term or lower-quality securities.
Generally, the Fund seeks to maintain a share value of $1.00 per share. The Fund’s investments will be made in accordance with the applicable rules governing the quality, maturity and diversification of securities and other instruments held by money market funds. The Fund maintains a dollar-weighted average maturity of 60 days or less and a dollar-weighted average life to maturity of 120 days or less, and invests in debt obligations with a remaining maturity of 397 days or less.
Teachers Advisors, LLC (“Advisors”) limits the Fund’s investments to U.S. Government securities or securities that present minimal credit risks to the Fund and are of eligible quality.
A government money market fund is not required to impose liquidity fees or redemption gates, and the Fund does not currently intend to impose such fees and/or gates. However, the Fund’s Board of Trustees of the Trust (“Board of Trustees”) could elect to subject the Fund to such fees and/or gates in the future.
The above list of investments is not exclusive and the Fund may make other investments consistent with its investment objective and policies.
TCIXX - Performance
Return Ranking - Trailing
Period | TCIXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | 0.0% | 1.8% | 88.34% |
1 Yr | 4.7% | 0.5% | 5.7% | 70.18% |
3 Yr | 2.3%* | 0.7% | 2.6% | 50.14% |
5 Yr | 1.7%* | 0.6% | 110.5% | 54.93% |
10 Yr | 0.8%* | 0.3% | 32.0% | 77.00% |
* Annualized
Return Ranking - Calendar
Period | TCIXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | -0.1% | 5.0% | 80.10% |
2022 | 0.0% | 0.0% | 1.2% | 82.95% |
2021 | 0.0% | 0.0% | 0.0% | 83.06% |
2020 | 0.0% | 0.0% | 0.4% | 84.12% |
2019 | 0.0% | 0.0% | 2.0% | 84.05% |
Total Return Ranking - Trailing
Period | TCIXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | 0.0% | 1.8% | 88.34% |
1 Yr | 4.7% | 0.5% | 5.7% | 70.18% |
3 Yr | 2.3%* | 0.7% | 2.6% | 50.14% |
5 Yr | 1.7%* | 0.6% | 110.5% | 54.93% |
10 Yr | 0.8%* | 0.3% | 32.0% | 77.00% |
* Annualized
Total Return Ranking - Calendar
Period | TCIXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.4% | 0.8% | 5.9% | 5.97% |
2022 | 1.5% | 0.0% | 1.8% | 15.27% |
2021 | 0.0% | 0.0% | 1.9% | 80.91% |
2020 | 0.6% | 0.0% | 3.0% | 3.24% |
2019 | 0.9% | 0.0% | 3797.9% | 83.44% |
NAV & Total Return History
TCIXX - Holdings
Concentration Analysis
TCIXX | Category Low | Category High | TCIXX % Rank | |
---|---|---|---|---|
Net Assets | 41 M | 818 K | 211 B | 85.27% |
Number of Holdings | 151 | 1 | 346 | 10.21% |
Net Assets in Top 10 | 439 M | -343 K | 163 B | 81.71% |
Weighting of Top 10 | 29.51% | 22.7% | 100.0% | 97.80% |
Top 10 Holdings
- United States Treasury Bills 0% 6.54%
- United States Treasury Bills 0% 6.16%
- United States Treasury Bills 0.01% 5.86%
- United States Treasury Bills 0% 4.74%
- Federal Home Loan Banks 0% 4.53%
- United States Treasury Bills 0% 4.48%
- United States Treasury Bills 0% 4.27%
- Federal Home Loan Banks 0.015% 4.05%
- United States Treasury Bills 0% 4.02%
- Federal Home Loan Banks 0% 3.96%
Asset Allocation
Weighting | Return Low | Return High | TCIXX % Rank | |
---|---|---|---|---|
Cash | 73.01% | 25.56% | 100.00% | 69.91% |
Bonds | 28.66% | 0.00% | 74.44% | 25.36% |
Stocks | 0.00% | 0.00% | 0.00% | 82.94% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 82.94% |
Convertible Bonds | 0.00% | 0.00% | 21.22% | 84.83% |
Other | -1.67% | -1.67% | 0.04% | 99.05% |
Bond Sector Breakdown
Weighting | Return Low | Return High | TCIXX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 71.81% | 0.00% | 100.00% | 70.14% |
Government | 28.19% | 0.00% | 44.01% | 24.64% |
Derivative | 0.00% | 0.00% | 0.00% | 82.94% |
Securitized | 0.00% | 0.00% | 1.75% | 83.65% |
Corporate | 0.00% | 0.00% | 100.00% | 87.44% |
Municipal | 0.00% | 0.00% | 22.71% | 85.07% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | TCIXX % Rank | |
---|---|---|---|---|
US | 28.66% | 0.00% | 72.86% | 25.36% |
Non US | 0.00% | 0.00% | 3.41% | 83.89% |
TCIXX - Expenses
Operational Fees
TCIXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.12% | 0.08% | 4.53% | 97.14% |
Management Fee | 0.10% | 0.03% | 0.50% | 24.41% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.55% | N/A |
Sales Fees
TCIXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 5.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
TCIXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 5.00% | 5.00% | 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.
TCIXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 485.00% | N/A |
TCIXX - Distributions
Dividend Yield Analysis
TCIXX | Category Low | Category High | TCIXX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 5.54% | 74.64% |
Dividend Distribution Analysis
TCIXX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
TCIXX | Category Low | Category High | TCIXX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.00% | -1.09% | 1.67% | 95.84% |
Capital Gain Distribution Analysis
TCIXX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Feb 29, 2024 | $0.004 | OrdinaryDividend |
Dec 29, 2023 | $0.004 | OrdinaryDividend |
Nov 30, 2023 | $0.004 | OrdinaryDividend |
Oct 31, 2023 | $0.004 | OrdinaryDividend |
Sep 29, 2023 | $0.004 | OrdinaryDividend |
Aug 31, 2023 | $0.004 | OrdinaryDividend |
Jul 31, 2023 | $0.004 | OrdinaryDividend |
Jun 30, 2023 | $0.004 | OrdinaryDividend |
May 31, 2023 | $0.004 | OrdinaryDividend |
Apr 28, 2023 | $0.004 | OrdinaryDividend |
Mar 31, 2023 | $0.004 | OrdinaryDividend |
Feb 28, 2023 | $0.003 | OrdinaryDividend |
Jan 31, 2023 | $0.004 | OrdinaryDividend |
Dec 30, 2022 | $0.003 | DailyAccrualFund |
Nov 30, 2022 | $0.003 | DailyAccrualFund |
Oct 31, 2022 | $0.002 | DailyAccrualFund |
Sep 30, 2022 | $0.002 | DailyAccrualFund |
Aug 31, 2022 | $0.002 | DailyAccrualFund |
Jul 29, 2022 | $0.001 | DailyAccrualFund |
Jun 30, 2022 | $0.001 | DailyAccrualFund |
May 31, 2022 | $0.001 | DailyAccrualFund |
Apr 29, 2022 | $0.000 | DailyAccrualFund |
Feb 26, 2021 | $0.000 | DailyAccrualFund |
Jan 29, 2021 | $0.000 | DailyAccrualFund |
Dec 31, 2020 | $0.000 | DailyAccrualFund |
Nov 30, 2020 | $0.000 | DailyAccrualFund |
Oct 30, 2020 | $0.000 | DailyAccrualFund |
Sep 30, 2020 | $0.000 | DailyAccrualFund |
Aug 31, 2020 | $0.000 | DailyAccrualFund |
Jul 31, 2020 | $0.000 | DailyAccrualFund |
Jun 30, 2020 | $0.000 | DailyAccrualFund |
May 29, 2020 | $0.000 | DailyAccrualFund |
Apr 30, 2020 | $0.000 | DailyAccrualFund |
Mar 31, 2020 | $0.001 | DailyAccrualFund |
Feb 28, 2020 | $0.001 | DailyAccrualFund |
Jan 31, 2020 | $0.001 | DailyAccrualFund |
Dec 31, 2019 | $0.001 | DailyAccrualFund |
Nov 29, 2019 | $0.001 | DailyAccrualFund |
Oct 31, 2019 | $0.002 | DailyAccrualFund |
Sep 30, 2019 | $0.002 | DailyAccrualFund |
Aug 30, 2019 | $0.002 | DailyAccrualFund |
Jul 31, 2019 | $0.002 | DailyAccrualFund |
Jun 28, 2019 | $0.002 | OrdinaryDividend |
May 31, 2019 | $0.002 | OrdinaryDividend |
Apr 30, 2019 | $0.002 | OrdinaryDividend |
Nov 30, 2007 | $0.004 | DailyAccrualFund |
Oct 31, 2007 | $0.004 | DailyAccrualFund |
Sep 28, 2007 | $0.004 | DailyAccrualFund |
Aug 31, 2007 | $0.004 | DailyAccrualFund |
Jul 31, 2007 | $0.004 | DailyAccrualFund |
Jun 29, 2007 | $0.004 | DailyAccrualFund |
May 31, 2007 | $0.004 | DailyAccrualFund |
Apr 30, 2007 | $0.004 | DailyAccrualFund |
Mar 30, 2007 | $0.004 | DailyAccrualFund |
Feb 28, 2007 | $0.004 | DailyAccrualFund |
Jan 31, 2007 | $0.004 | DailyAccrualFund |
Dec 29, 2006 | $0.004 | DailyAccrualFund |
Nov 30, 2006 | $0.004 | DailyAccrualFund |
Oct 31, 2006 | $0.004 | DailyAccrualFund |
Sep 29, 2006 | $0.004 | DailyAccrualFund |
Aug 31, 2006 | $0.004 | DailyAccrualFund |
Jul 31, 2006 | $0.004 | DailyAccrualFund |
Jun 30, 2006 | $0.004 | DailyAccrualFund |
May 31, 2006 | $0.004 | DailyAccrualFund |
Apr 28, 2006 | $0.004 | DailyAccrualFund |
Mar 31, 2006 | $0.004 | DailyAccrualFund |
Feb 28, 2006 | $0.003 | DailyAccrualFund |
Jan 31, 2006 | $0.004 | DailyAccrualFund |
Dec 30, 2005 | $0.004 | DailyAccrualFund |
Oct 31, 2005 | $0.003 | DailyAccrualFund |
Sep 30, 2005 | $0.003 | DailyAccrualFund |
Aug 31, 2005 | $0.003 | DailyAccrualFund |
Jul 29, 2005 | $0.003 | DailyAccrualFund |
Jun 30, 2005 | $0.003 | DailyAccrualFund |
May 31, 2005 | $0.003 | DailyAccrualFund |
Apr 29, 2005 | $0.002 | DailyAccrualFund |
Mar 31, 2005 | $0.002 | DailyAccrualFund |
Feb 28, 2005 | $0.002 | DailyAccrualFund |
Jan 31, 2005 | $0.002 | DailyAccrualFund |
Dec 31, 2004 | $0.002 | DailyAccrualFund |
Nov 30, 2004 | $0.002 | DailyAccrualFund |
Oct 29, 2004 | $0.001 | DailyAccrualFund |
Sep 30, 2004 | $0.001 | DailyAccrualFund |
Aug 31, 2004 | $0.001 | DailyAccrualFund |
Jul 30, 2004 | $0.002 | DailyAccrualFund |
Jun 30, 2004 | $0.001 | DailyAccrualFund |
May 28, 2004 | $0.001 | DailyAccrualFund |
Apr 30, 2004 | $0.001 | DailyAccrualFund |
Mar 31, 2004 | $0.001 | DailyAccrualFund |
Feb 27, 2004 | $0.001 | DailyAccrualFund |
Jan 30, 2004 | $0.001 | DailyAccrualFund |
Dec 31, 2003 | $0.001 | DailyAccrualFund |
Nov 28, 2003 | $0.001 | DailyAccrualFund |
Oct 31, 2003 | $0.001 | DailyAccrualFund |
Sep 30, 2003 | $0.001 | DailyAccrualFund |
Aug 29, 2003 | $0.001 | DailyAccrualFund |
Jul 31, 2003 | $0.001 | DailyAccrualFund |
Jun 30, 2003 | $0.001 | DailyAccrualFund |
May 30, 2003 | $0.001 | DailyAccrualFund |
Apr 30, 2003 | $0.001 | DailyAccrualFund |
Mar 31, 2003 | $0.001 | DailyAccrualFund |
Feb 28, 2003 | $0.001 | DailyAccrualFund |
Jan 31, 2003 | $0.001 | DailyAccrualFund |
Dec 31, 2002 | $0.001 | DailyAccrualFund |
Nov 29, 2002 | $0.001 | DailyAccrualFund |
Oct 31, 2002 | $0.002 | DailyAccrualFund |
Sep 30, 2002 | $0.001 | DailyAccrualFund |
Aug 30, 2002 | $0.001 | DailyAccrualFund |
Jul 31, 2002 | $0.001 | DailyAccrualFund |
Jun 28, 2002 | $0.001 | DailyAccrualFund |
May 31, 2002 | $0.002 | DailyAccrualFund |
Apr 30, 2002 | $0.001 | DailyAccrualFund |
Mar 28, 2002 | $0.001 | DailyAccrualFund |
Feb 28, 2002 | $0.001 | DailyAccrualFund |
Jan 31, 2002 | $0.001 | DailyAccrualFund |
Dec 31, 2001 | $0.002 | DailyAccrualFund |
Nov 30, 2001 | $0.002 | DailyAccrualFund |
TCIXX - Fund Manager Analysis
Managers
Chad Kemper
Start Date
Tenure
Tenure Rank
Aug 01, 2020
1.83
1.8%
Mr. Kemper is a co-manager on the Inflation Protected Securities product, as well as being responsible for the separately managed, government benchmarked accounts. He is also a member of the U.S. Interest Rates and Governments Sector Team, responsible for trading U.S. Treasury and agency securities. He began his career in the financial industry in 1999 when he joined the firm. He received a B.A. from the University of St. Thomas and an M.B.A. from Augsburg College.
Andrew Hurst
Start Date
Tenure
Tenure Rank
Aug 01, 2020
1.83
1.8%
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 46.68 | 14.93 | 19.01 |