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TIREX TIAA-CREF Real Estate Sec Instl

  • Fund
  • TIREX
  • Price as of: Sep 17, 2019
  • $18.57 + $0.21 + 1.14%

TIREX - Profile

Vitals

  • YTD Return 28.6%
  • 3 Yr Annualized Return 6.0%
  • 5 Yr Annualized Return 6.0%
  • Net Assets $2.69 B
  • Holdings in Top 10 39.7%

52 WEEK LOW AND HIGH

$18.57
$13.86
$18.79

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.51%

SALES FEES

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

BROKERAGE FEES

  • Turnover 34.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000,000

IRA

$2,000,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return 28.6%
  • 3 Yr Annualized Total Return 6.0%
  • 5 Yr Annualized Total Return 6.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.13%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name TIAA-CREF Real Estate Securities Fund
  • Fund Family Name TIAA Investments
  • Inception Date Oct 01, 2002
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager David Copp

Fund Description

The TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) is a low-cost, actively managed fund that seeks to provide a high level of total returns through dividends and capital appreciation. The fund invests in real estate securities located in the U.S. This includes real estate investment trusts (REITs), real estate servicing companies, real estate holding companies and property managers. The fund primarily focuses on REITs and uses various fundamental metrics to seek out growth opportunities on both the single stock and sector levels.

With is low costs, TIREX is suitable as a prime core real estate choice for investors. The fund is managed by TIAA-CREF’s Real Estate Investors.

TIREX - Performance

Return Ranking - Trailing

Period TIREX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.6% -1.0% 41.1% 7.00%
1 Yr 16.8% -29.7% 16.9% 0.80%
3 Yr 6.0%* -15.0% 12.0% 3.69%
5 Yr 6.0%* -10.3% 8.7% 10.22%
10 Yr 9.3%* -1.3% 9.5% 3.45%

* Annualized


Return Ranking - Calendar

Period TIREX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.1% -44.0% 2.2% 14.40%
2017 4.2% -16.4% 25.4% 19.37%
2016 0.2% -28.0% 12.5% 41.63%
2015 -1.9% -19.4% 2.4% 28.27%
2014 23.7% -3.3% 31.5% 49.70%

Total Return Ranking - Trailing

Period TIREX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.6% -1.0% 41.1% 7.00%
1 Yr 16.8% -28.7% 20.7% 3.59%
3 Yr 6.0%* -14.6% 12.0% 32.26%
5 Yr 6.0%* -8.7% 10.8% 62.90%
10 Yr 9.3%* -1.3% 13.1% 60.34%

* Annualized


Total Return Ranking - Calendar

Period TIREX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.1% -43.3% 3.3% 40.74%
2017 4.2% -13.6% 31.4% 53.15%
2016 0.2% -12.3% 12.5% 81.34%
2015 -1.9% -15.2% 7.7% 64.40%
2014 23.7% -3.3% 32.5% 81.21%

NAV & Total Return History

TIREX - Holdings

Concentration Analysis

TIREX Category Low Category High TIREX % Rank
Net Assets 2.69 B 1.54 M 67.9 B 18.44%
Number of Holdings 55 17 757 28.52%
Net Assets in Top 10 999 M 787 K 29.1 B 23.57%
Weighting of Top 10 39.67% 11.4% 159.1% 88.21%

Top 10 Holdings

  1. American Tower Corp 6.56%

  2. Prologis Inc 5.28%

  3. Simon Property Group Inc 4.12%

  4. Equinix Inc 3.99%

  5. Crown Castle International Corp 3.81%

  6. Sun Communities Inc 3.30%

  7. Rexford Industrial Realty Inc 3.29%

  8. Equity Lifestyle Properties Inc 3.21%

  9. AvalonBay Communities Inc 3.11%

  10. Essex Property Trust Inc 3.00%


Asset Allocation

Weighting Return Low Return High TIREX % Rank
Stocks
96.87% 0.00% 118.44% 77.19%
Cash
3.13% -95.08% 16.50% 15.59%
Preferred Stocks
0.00% 0.00% 50.24% 17.49%
Other
0.00% -1.02% 98.82% 27.00%
Convertible Bonds
0.00% 0.00% 6.10% 9.13%
Bonds
0.00% 0.00% 86.36% 14.83%

Stock Sector Breakdown

Weighting Return Low Return High TIREX % Rank
Real Estate
88.39% 2.00% 99.97% 77.25%
Communication Services
6.69% 0.00% 9.46% 16.47%
Technology
1.78% 0.00% 17.81% 10.98%
Basic Materials
0.01% -0.01% 11.72% 12.94%
Utilities
0.00% 0.00% 5.96% 7.06%
Industrials
0.00% 0.00% 8.32% 13.33%
Healthcare
0.00% 0.00% 4.40% 7.84%
Financial Services
0.00% 0.00% 6.14% 14.51%
Energy
0.00% 0.00% 4.06% 5.49%
Consumer Defense
0.00% 0.00% 0.24% 5.10%
Consumer Cyclical
0.00% -1.23% 30.36% 41.96%

Stock Geographic Breakdown

Weighting Return Low Return High TIREX % Rank
US
95.81% 0.00% 118.44% 78.71%
Non US
1.06% 0.00% 21.30% 16.35%

TIREX - Expenses

Operational Fees

TIREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.51% 0.00% 135.20% 95.90%
Management Fee 0.48% 0.00% 1.50% 10.57%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.47% N/A

Sales Fees

TIREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 6.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TIREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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.

TIREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 34.00% 3.00% 877.00% 29.57%

TIREX - Distributions

Dividend Yield Analysis

TIREX Category Low Category High TIREX % Rank
Dividend Yield 0.80% 0.00% 3.89% 53.96%

Dividend Distribution Analysis

TIREX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Quarterly Quarterly Quarterly

Dividend Payout History


Net Income Ratio Analysis

TIREX Category Low Category High TIREX % Rank
Net Income Ratio 2.13% -0.10% 5.36% 27.05%

Capital Gain Distribution Analysis

TIREX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

TIREX - Managers

David Copp

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2005

13.67

13.7%

Copp has been with Teachers Advisors, Inc. since 2005. Previous to that, he worked for RBC Capital Markets from 2002 to 2005, and Robertson Stephens from 1999 to 2002.


Brendan W. Lee

Manager

Start Date

Tenure

Tenure Rank

Jul 10, 2006

13.15

13.2%

Lee has been with Teachers Advisors, Inc., TIAA and its affiliates since 2006. Prior to that he worked for Cliffwood Partners, LLC, his employer since 1998.


Tenure Analysis

Category Low

0.0

Category High

25.67

Category Average

7.93

Category Mode

13.67