TIXHX: TIAA-CREF 5-15 Year Ldrd Tax-Exm Bd Adv

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TIXHX TIAA-CREF 5-15 Year Ldrd Tax-Exm Bd Adv


Profile

TIXHX - Profile

Vitals

  • YTD Return 2.5%
  • 3 Yr Annualized Return 2.7%
  • 5 Yr Annualized Return N/A
  • Net Assets $291 M
  • Holdings in Top 10 12.2%

52 WEEK LOW AND HIGH

$11.08
$10.41
$11.08

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.41%

SALES FEES

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

BROKERAGE FEES

  • Turnover 43.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.58%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    TIAA-CREF 5-15 Year Laddered Tax-Exempt Bond 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
    Joel Levy

Fund Description

The fund invests at least 80% of its assets in tax-exempt bonds, a type of municipal security, the interest on which, in the opinion of the issuer's bond counsel at the time of issuance, is exempt from federal income tax, including federal alternative minimum tax ("AMT"). It may invest up to 20% of its assets in private activity bonds. Private activity bonds are tax-exempt bonds whose proceeds are used to finance private, for-profit organizations.


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Categories

Performance

TIXHX - Performance

Return Ranking - Trailing

Period TIXHX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -2.4% 9.5% 34.86%
1 Yr 6.3% -3.2% 25.4% 37.39%
3 Yr 2.7%* -3.0% 5.6% 7.51%
5 Yr N/A* -3.0% 12.5% 8.57%
10 Yr N/A* -5.2% 3.9% 13.67%

* Annualized

Return Ranking - Calendar

Period TIXHX Return Category Return Low Category Return High Rank in Category (%)
2019 5.0% -1.7% 18.3% 34.69%
2018 -1.2% -11.7% 4.6% 18.16%
2017 2.6% -4.4% 8.3% 12.61%
2016 -4.4% -7.8% 7.7% 96.89%
2015 N/A -18.3% 3.0% N/A

Total Return Ranking - Trailing

Period TIXHX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -2.4% 9.5% 34.86%
1 Yr 6.3% -3.2% 25.4% 37.14%
3 Yr 2.7%* -3.0% 8.1% 16.38%
5 Yr N/A* -3.0% 12.5% 8.25%
10 Yr N/A* -1.3% 7.0% 14.48%

* Annualized

Total Return Ranking - Calendar

Period TIXHX Return Category Return Low Category Return High Rank in Category (%)
2019 5.0% -1.7% 18.3% 35.46%
2018 -1.2% -11.7% 6.5% 25.50%
2017 2.6% -4.4% 10.4% 22.92%
2016 -4.4% -7.8% 10.7% 97.17%
2015 N/A -12.6% 4.2% N/A

NAV & Total Return History


Holdings

TIXHX - Holdings

Concentration Analysis

TIXHX Category Low Category High TIXHX % Rank
Net Assets 291 M 690 K 259 B 67.13%
Number of Holdings 245 1 17668 55.52%
Net Assets in Top 10 34.4 M -216 M 21.4 B 77.28%
Weighting of Top 10 12.18% 2.5% 100.0% 80.36%

Top 10 Holdings

  1. NEW JERSEY ST TRANSN TR FD AUTH 5% 2.91%
  2. MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 1.62% 1.42%
  3. TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5% 1.09%
  4. MATANUSKA-SUSITNA BORO ALASKA LEASE REV 5% 1.08%
  5. METROPOLITAN NASHVILLE ARPT AUTH TENN ARPT REV 5% 1.02%
  6. OREGON ST BUSINESS DEV COMMN ECONOMIC DEV REV 6.5% 1.00%
  7. VIRGIN ISLANDS PUB FIN AUTH REV 5% 0.97%
  8. PORT ST LUCIE FLA CMNTY REDEV AGY REV 5% 0.92%
  9. PENNSYLVANIA ST UNIV 5% 0.89%
  10. EL PASO TEX ARPT REV 5% 0.87%

Asset Allocation

Weighting Return Low Return High TIXHX % Rank
Bonds
97.21% 80.02% 159.74% 49.45%
Cash
2.79% -59.74% 19.63% 40.62%
Stocks
0.00% -0.98% 25.43% 94.89%
Preferred Stocks
0.00% 0.00% 7.43% 96.50%
Other
0.00% -8.60% 31.85% 93.00%
Convertible Bonds
0.00% 0.00% 7.23% 97.82%

Bond Sector Breakdown

Weighting Return Low Return High TIXHX % Rank
Municipal
97.21% 0.00% 100.11% 31.98%
Cash & Equivalents
2.79% -29.57% 27.25% 45.34%
Derivative
0.00% -0.83% 22.35% 95.96%
Securitized
0.00% 0.00% 98.40% 98.11%
Corporate
0.00% 0.00% 99.62% 98.25%
Government
0.00% -2.21% 122.41% 97.96%

Bond Geographic Breakdown

Weighting Return Low Return High TIXHX % Rank
US
97.04% 58.28% 156.78% 31.83%
Non US
0.17% -12.35% 26.76% 77.96%

Expenses

TIXHX - Expenses

Operational Fees

TIXHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.41% 0.01% 38.00% 88.91%
Management Fee 0.25% 0.00% 1.10% 16.15%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

TIXHX 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 0.25% 5.50% N/A

Trading Fees

TIXHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

TIXHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 43.00% 0.00% 489.00% 51.33%

Distributions

TIXHX - Distributions

Dividend Yield Analysis

TIXHX Category Low Category High TIXHX % Rank
Dividend Yield 0.00% 0.00% 3.16% 99.14%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

TIXHX Category Low Category High TIXHX % Rank
Net Income Ratio 2.58% 0.00% 6.30% 51.95%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

TIXHX - Fund Manager Analysis

Managers

Joel Levy


Start Date

Tenure

Tenure Rank

Jul 31, 2015

4.51

4.5%

Teachers Advisors, Inc., TCIM and other advisory affiliates of TIAA—2011 to Present (municipal bond research), Bank of America—2010 to 2011 (credit research)

Timothy Ryan


Start Date

Tenure

Tenure Rank

Aug 01, 2019

0.5

0.5%

Timothy T. Ryan, CFA, is Senior Vice President and Portfolio Manager at Nuveen Asset Management. He began his municipal career in 1983 in public finance, later switching to asset management in 1991. From 2003 until he joined Nuveen Asset Management in 2010, he was a vice-president and head of the municipal unit at State Street Global Advisors. Mr. Ryan holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 33.19 7.42 0.08