TSBRX: TIAA-CREF Core Impact Bond Fund - MutualFunds.com
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TIAA-CREF Core Impact Bond Retail

TSBRX - Snapshot

Vitals

  • YTD Return -2.5%
  • 3 Yr Annualized Return 5.0%
  • 5 Yr Annualized Return 3.4%
  • Net Assets $6.46 B
  • Holdings in Top 10 14.6%

52 WEEK LOW AND HIGH

$10.58
$10.44
$11.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.64%

SALES FEES

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

BROKERAGE FEES

  • Turnover 115.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $2,000

Fund Classification

Compare TSBRX to Popular U.S. Intermediate-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Total Bond Market Index Fund

BND | ETF

$85.16

-0.23%

$303.65 B

2.08%

$1.77

-3.63%

0.04%

Vanguard Total Bond Market Index Fund

Fund

$11.23

-0.27%

$303.65 B

-

$0.00

-3.36%

0.15%

Vanguard Total Bond Market II Index Fund

Fund

$11.08

-0.18%

$244.09 B

2.00%

$0.22

-3.32%

0.09%

Metropolitan West Total Return Bond Fund

Fund

$10.91

-0.18%

$87.95 B

1.26%

$0.14

-2.42%

0.67%

iShares Core U.S. Aggregate Bond ETF

AGG | ETF

$114.43

-0.16%

$86.94 B

2.00%

$2.29

-3.39%

0.04%

TSBRX - Profile

Distributions

  • YTD Total Return -2.5%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.40%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    TIAA-CREF Core Impact Bond Fund
  • Fund Family Name
    TIAA Investments
  • Inception Date
    Sep 21, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Joseph Higgins

Fund Description

The fund invests at least 80% of its assets in bonds. For these purposes, bonds include fixed-income securities of all types. It primarily invests in a broad range of investment-grade bonds and fixed-income securities, including, but not limited to, U.S. government securities, corporate bonds, taxable municipal securities and mortgage-backed or other asset-backed securities.

TSBRX - Performance

Return Ranking - Trailing

Period TSBRX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.5% -9.5% 1366.2% 48.78%
1 Yr 2.8% -2.1% 29.7% 57.05%
3 Yr 5.0%* 0.9% 9.8% 67.26%
5 Yr 3.4%* 1.1% 7.9% 59.37%
10 Yr N/A* 1.2% 8.1% N/A

* Annualized

Return Ranking - Calendar

Period TSBRX Return Category Return Low Category Return High Rank in Category (%)
2020 2.7% -10.1% 1027.9% 73.08%
2019 4.9% -2.6% 23.0% 70.63%
2018 -2.5% -11.4% 2.7% 16.26%
2017 2.1% -49.5% 12.4% 16.75%
2016 -0.1% -49.3% 192.8% 73.14%

Total Return Ranking - Trailing

Period TSBRX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.5% -9.5% 1368.3% 48.87%
1 Yr 2.8% -5.7% 29.7% 48.33%
3 Yr 5.0%* 0.9% 9.8% 58.48%
5 Yr 3.4%* 0.9% 7.9% 54.43%
10 Yr N/A* 1.2% 8.1% N/A

* Annualized

Total Return Ranking - Calendar

Period TSBRX Return Category Return Low Category Return High Rank in Category (%)
2020 2.7% -10.1% 1027.9% 73.08%
2019 4.9% -2.6% 23.0% 73.07%
2018 -2.5% -11.4% 3.9% 32.75%
2017 2.1% -6.0% 12.4% 36.56%
2016 -0.1% -5.7% 204.3% 84.62%

NAV & Total Return History

TSBRX - Holdings

Concentration Analysis

TSBRX Category Low Category High TSBRX % Rank
Net Assets 6.46 B 3.16 M 304 B 21.01%
Number of Holdings 1004 1 18593 33.95%
Net Assets in Top 10 912 M -1.12 B 46.1 B 30.17%
Weighting of Top 10 14.55% 3.3% 100.0% 85.89%

Top 10 Holdings

  1. United States Treasury Notes 0.88% 3.15%
  2. United States Treasury Bonds 2% 3.06%
  3. United States Treasury Notes 0.62% 3.00%
  4. United States Treasury Notes 0.62% 2.70%
  5. United States Treasury Bonds 1.25% 2.50%
  6. Federal National Mortgage Association 2% 2.33%
  7. Federal National Mortgage Association 3% 2.28%
  8. Federal National Mortgage Association 2.5% 2.25%
  9. Government National Mortgage Association 2.5% 2.19%
  10. Federal National Mortgage Association 2% 2.15%

Asset Allocation

Weighting Return Low Return High TSBRX % Rank
Bonds 		96.01% -39.48% 176.88% 39.94%
Cash 		13.91% -86.81% 151.97% 6.37%
Convertible Bonds 		2.27% 0.00% 20.83% 17.90%
Preferred Stocks 		1.03% 0.00% 86.98% 6.18%
Stocks 		0.00% -0.24% 10.61% 95.57%
Other 		-13.22% -15.11% 21.96% 99.17%

Bond Sector Breakdown

Weighting Return Low Return High TSBRX % Rank
Corporate 		38.13% 0.00% 100.00% 32.75%
Securitized 		27.58% 0.00% 98.16% 58.95%
Government 		15.36% 0.00% 72.73% 70.11%
Cash & Equivalents 		12.29% 0.00% 50.86% 16.05%
Municipal 		6.65% 0.00% 100.00% 6.46%
Derivative 		0.00% 0.00% 23.70% 98.34%

Bond Geographic Breakdown

Weighting Return Low Return High TSBRX % Rank
US 		76.42% -39.74% 245.19% 77.03%
Non US 		19.59% -108.35% 44.24% 9.78%

TSBRX - Expenses

Operational Fees

TSBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.01% 19.93% 58.48%
Management Fee 0.34% 0.00% 1.10% 38.90%
12b-1 Fee 0.25% 0.00% 1.00% 62.34%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

TSBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

TSBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

TSBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 115.00% 4.00% 496.00% 50.83%

TSBRX - Distributions

Dividend Yield Analysis

TSBRX Category Low Category High TSBRX % Rank
Dividend Yield 0.00% 0.00% 2.72% 96.59%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

TSBRX Category Low Category High TSBRX % Rank
Net Income Ratio 2.40% -0.39% 11.28% 37.45%

Capital Gain Distribution Analysis

TSBRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

Dividend Payout History

View More +

TSBRX - Fund Manager Analysis

Managers

Joseph Higgins

Start Date

Tenure

Tenure Rank

Sep 21, 2012

8.61

8.6%

Joseph is a portfolio manager for Nuveen’s global fixed income team. He is the lead portfolio manager responsible for the TIAA Bond strategy and a member of the Investment Committee, which establishes investment policy for all global fixed income products. Since joining the firm in 1995, he has held a variety of positions. He has managed structured credit investments and was an investment grade portfolio manager. In addition, he has served as director of private placements, international bank analyst, international investment grade portfolio manager and co-head of corporate credit research. Joseph initiated the first securitization and co-developed the first collateralized debt obligation (CDO) for TIAA. Prior to joining the firm, he was a certified public accountant with PricewaterhouseCoopers. Joseph graduated with a B.S., magna cum laude, in Accounting with a minor in Economics from The State University of New York at Albany and an M.B.A. from The Wharton School of the University of Pennsylvania with dual concentrations in Finance and Marketing. He holds the CFA designation and he is a member of the New York State Society of Securities Analysts and the CFA Institute. He was also a founding member of the User Advisory Council of the Financial Accounting Standards Board (FASB).

Stephen Liberatore

Start Date

Tenure

Tenure Rank

Sep 21, 2012

8.61

8.6%

Stephen M. Liberatore, CFA is a managing director and fixed-income portfolio manager for the TIAA-CREF Asset Management. Mr. Liberatore is the lead portfolio manager for the TIAA’s Socially Responsible Investment (SRI) fixed income mandates and holds responsibility for investment strategy and securities selection. He joined the TIAA-CREF Asset Management in 2004. Mr. Liberatore has rich industry experience, including positions at Nationwide Mutual Insurance Co. and Protective Life Corporation, where he was responsible for portfolio management, credit research and trading for both total return and liability-driven assets. Mr. Liberatore holds a B.S. from the State University of New York at Buffalo and an MBA in finance and operations from Wake Forest University’s Babcock Graduate School of Management. He also earned the Chartered Financial Analyst designation and is a member of the CFA Society North Carolina and the CFA Institute. Mr. Liberatore is considered a subject matter expert on the management of total return SRI fixed-income portfolios, and he frequently presents at both SRI and fixed-income conferences. His views on developments in these areas have been featured in numerous industry publications. Mr. Liberatore is a member of the initial executive committee of the Green Bond Principles and the CERES Green Bond Working Group.

Jessica Zarzycki

Start Date

Tenure

Tenure Rank

Aug 01, 2019

1.75

1.8%

Advisors, TCIM and other advisory affiliates of TIAA—2008 to Present (fixed-income credit research and portfolio management)

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 32.34 6.73 0.08

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