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TCNIX TIAA-CREF Lifecycle 2015 Institutional

  • Fund
  • TCNIX
  • Price as of: May 22, 2019
  • $9.53 - $0.01 - 0.11%
  • Category
  • Target Retirement Date

TCNIX - Profile

Vitals

  • YTD Return 7.9%
  • 3 Yr Annualized Return 0.2%
  • 5 Yr Annualized Return -2.3%
  • Net Assets $1.87 B
  • Holdings in Top 10 78.7%

52 WEEK LOW AND HIGH

$9.53
$8.63
$10.28

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.12%

SALES FEES

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

BROKERAGE FEES

  • Turnover 19.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000,000

IRA

$2,000,000

Investment Themes

CATEGORY

Target Retirement Date
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2015

Distributions

  • YTD Total Return 7.9%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return -2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.18%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name TIAA-CREF Lifecycle 2015 Fund
  • Fund Family Name TIAA Investments
  • Inception Date Jan 17, 2007
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Hans L. Erickson

Fund Description

The fund is a "fund of funds" that invests in Class W shares of other funds of the Trust and in other investment pools or investment products. The adviser expects to allocate approximately 41.00% of the fund's assets to equity underlying funds, 54.00% of its assets to fixed-income underlying funds and 5.00% of its assets to direct real estate underlying funds. Target allocations will change over time and actual allocations may vary up to ten percentage points from the targets.

TCNIX - Performance

Return Ranking - Trailing

Period TCNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -4.1% 13.6% 70.77%
1 Yr -5.4% -17.5% 2.8% 46.60%
3 Yr 0.2%* -18.3% 8.9% 78.61%
5 Yr -2.3%* -12.1% 7.8% 79.70%
10 Yr 2.2%* -6.3% 9.0% 85.08%

* Annualized


Return Ranking - Calendar

Period TCNIX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.8% -25.1% 0.0% 38.39%
2017 7.2% -36.9% 20.0% 76.42%
2016 -0.1% -5.2% 8.1% 94.26%
2015 -7.9% -25.3% -0.8% 77.90%
2014 -3.1% -49.7% 34.8% 87.12%

Total Return Ranking - Trailing

Period TCNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -3.9% 13.6% 70.77%
1 Yr -5.4% -17.5% 5.2% 69.97%
3 Yr 0.2%* -18.3% 11.2% 95.04%
5 Yr -2.3%* -12.1% 7.8% 93.50%
10 Yr 2.2%* -4.5% 12.0% 93.65%

* Annualized


Total Return Ranking - Calendar

Period TCNIX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.8% -25.1% 0.0% 66.15%
2017 7.2% -36.9% 26.6% 90.72%
2016 -0.1% -4.7% 12.3% 99.29%
2015 -7.9% -25.3% 3.9% 93.84%
2014 -3.1% -47.6% 39.2% 98.07%

NAV & Total Return History

TCNIX - Holdings

Concentration Analysis

TCNIX Category Low Category High TCNIX % Rank
Net Assets 1.87 B 1.29 M 42.8 B 23.69%
Number of Holdings 21 2 140 56.08%
Net Assets in Top 10 1.47 B 857 K 41.8 B 23.69%
Weighting of Top 10 78.67% 17.2% 112.6% 48.30%

Top 10 Holdings

  1. TIAA-CREF Bond W 19.15%

  2. TIAA-CREF Bond Plus W 12.48%

  3. TIAA-CREF Short-Term Bond W 8.43%

  4. TIAA-CREF Inflation Link Bd W 7.45%

  5. TIAA-CREF Growth & Income W 6.19%

  6. TIAA-CREF Large-Cap Growth W 5.60%

  7. TIAA-CREF Large-Cap Value W 5.41%

  8. TIAA-CREF Quant Large-Cap Growth W 4.90%

  9. TIAA-CREF Quant Large-Cap Value W 4.72%

  10. Tiaa Cref Real Property Fnd Lp 4.34%


Asset Allocation

Weighting Return Low Return High TCNIX % Rank
Bonds
50.17% -5.73% 137.62% 20.16%
Stocks
41.39% 0.07% 97.70% 79.92%
Other
4.59% -4.82% 24.53% 4.67%
Cash
3.66% -100.79% 40.20% 74.47%
Convertible Bonds
0.20% 0.00% 3.69% 17.61%
Preferred Stocks
0.00% 0.00% 7.36% 98.37%

Stock Sector Breakdown

Weighting Return Low Return High TCNIX % Rank
Technology
9.44% 1.36% 20.62% 63.91%
Financial Services
6.26% 1.49% 18.76% 81.39%
Consumer Cyclical
5.86% 1.00% 12.96% 69.50%
Healthcare
5.32% 1.28% 13.55% 79.19%
Industrials
4.69% 1.29% 11.91% 76.29%
Consumer Defense
2.84% 1.04% 16.41% 87.05%
Basic Materials
2.02% 0.18% 5.63% 69.07%
Energy
1.98% 0.36% 6.45% 83.86%
Communication Services
1.05% 0.30% 4.45% 88.32%
Real Estate
0.97% 0.38% 17.52% 92.99%
Utilities
0.90% 0.04% 4.98% 88.54%

Stock Geographic Breakdown

Weighting Return Low Return High TCNIX % Rank
US
28.20% 0.07% 64.36% 77.65%
Non US
13.19% 0.00% 46.79% 84.30%

Bond Sector Breakdown

Weighting Return Low Return High TCNIX % Rank
Government
18.40% -23.50% 137.62% 26.66%
Corporate
15.42% 0.00% 53.45% 21.00%
Securitized
14.82% 0.00% 61.18% 7.99%
Cash & Equivalents
3.84% -120.10% 40.20% 70.72%
Municipal
1.58% 0.00% 3.09% 1.98%
Derivative
-0.03% -2.78% 11.71% 15.35%

Bond Geographic Breakdown

Weighting Return Low Return High TCNIX % Rank
US
41.80% -9.85% 137.62% 21.07%
Non US
8.37% 0.00% 20.22% 10.82%

TCNIX - Expenses

Operational Fees

TCNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.12% 0.00% 6.01% 91.44%
Management Fee 0.43% 0.00% 0.95% 86.35%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

TCNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

TCNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 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.

TCNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 0.00% 106.00% 38.19%

TCNIX - Distributions

Dividend Yield Analysis

TCNIX Category Low Category High TCNIX % Rank
Dividend Yield 0.03% 0.00% 0.05% 5.59%

Dividend Distribution Analysis

TCNIX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Annually Annually

Dividend Payout History


Net Income Ratio Analysis

TCNIX Category Low Category High TCNIX % Rank
Net Income Ratio 2.18% -0.99% 35.20% 20.81%

Capital Gain Distribution Analysis

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

TCNIX - Managers

Hans L. Erickson

Manager

Start Date

Tenure

Tenure Rank

Mar 31, 2006

13.09

13.1%

Erickson has been serving for Teachers Advisors Inc. as a managing director since 1996. Prior to that, Erickson joined Templeton Quantitative Advisers in 1990. Erickson was employed by Anderson Consulting from May 1989 through February 1990 and Morgan Stanley from June 1988 through May 1989.


John Cunniff

Manager

Start Date

Tenure

Tenure Rank

Mar 31, 2006

13.09

13.1%

John Cunniff is a managing director and Lifecycle portfolio manager for the TIAA organization. Mr. Cunniff currently manages investment strategies for TIAA’s Lifecycle and Managed Allocation portfolios. He joined the TIAA organization in 2006. Mr. Cunniff has 25 years of industry experience. Previously, he served as director of U.S. research at Morgan Stanley Investment Management and as a portfolio manager for both Van Kampen Investments and Franklin Templeton Investments. Mr. Cunniff earned a B.S. from Johns Hopkins University, an M.S.E. from Princeton University, and an M.B.A. from Columbia University. He is a member of the New York Society of Securities Analysts


Steve Sedmak

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2018

0.58

0.6%

Steve Sedmak is a Senior Director on the Multi-Asset Investment Team at TIAA Investments, focusing on Lifecycle and other multi-asset strategies. Steve joined TIAA in 2016 and has 17 years of industry experience. Prior to joining TIAA, he served as Head of Portfolio Implementation for the Multi-Asset Strategies group at Voya Investment Management. He also served as a Portfolio Manager on the Quantitative Equity team at Voya. Prior to joining Voya, Steve had multiple roles in portfolio trading at Stifel Nicolaus, Legg Mason, and CIBC World Markets. Steve earned a B.S. in Business Administration and a B.A. in Mathematics from the University of Southern California, and holds a M.S. in Mathematics of Finance from New York University. Steve holds the CFA designation and is a member of the Chicago Quantitative Alliance.


Tenure Analysis

Category Low

0.0

Category High

16.59

Category Average

6.11

Category Mode

7.33