TIAA-CREF Mutual Funds

TIAA-CREF Tax-Exempt Bond Fund (Retail)


Daily NAV


Day's Change


Portfolio Net Assets


Gross / Net Expense Ratio


30 Day
SEC Yield

The fund's 30-day SEC yield is based on yield to maturity of a fund's investments over a 30-day period and not on the dividends paid by the fund, which may differ.

Overall Morningstar Rating

The Overall Morningstar Rating is based on risk-adjusted return, and is a weighted average of the applicable 3-, 5-, and 10-year Ratings.

52 Week Range

0.00 (0.00%)
0.63% / 0.63%
$10.62 - $10.89
As of close 02/05/2016As of 01/31/2016As of 02/04/2016 
As of 01/31/2016
Based on risk adjusted returns

Management Team

Barnet ShermanDirector, Global Public Markets

Barnet Sherman is a director and portfolio manager for the TIAA-CREF organization. Mr. Sherman manages the organization's taxable and tax-exempt municipal bond strategies. He joined the TIAA-CREF organization in 2010. With over 29 years of investment experience, Mr. Sherman has advised to and managed assets for municipal bond mutual funds in the Colonial Group and Van Kampen Funds as well as high net worth individuals as a Founding Partner of Braintree Capital. A former Aide to United States Congressman Thomas J. Downey, his first job on Wall Street was a junior stockbroker with Prudential Bache Securities. Mr. Sherman earned his undergraduate degree from Syracuse University and a MPA from Columbia University. He also holds a Series 7 license and currently serves on the board of the Southern Municipal Finance Society. Published in his field, Mr. Sherman has written for The Handbook of Municipal Bonds and the Morgan Stanley Investment Management Journal. Mr. Sherman is also on the Forbes Investment Team and is a contributing columnist for

Joel H. LevyDirector, Global Public Markets, Fixed Income Research

Joel H. Levy is a Director, portfolio manager, and senior research analyst for TIAA-CREF Asset Management. Mr. Levy is a co-portfolio manager for TIAA-CREF's tax-exempt strategies as well as a lead member of the municipal credit team. He is jointly responsible for providing investment recommendations and research coverage for the municipal fixed income credit sectors and the Canadian provinces. Mr. Levy has extensive experience in government having most recently served as the Assistant City Treasurer and Municipal Debt Manager for the City of Charlotte, N.C. Mr. Levy joined TIAA-CREF in 2011 after working for Bank of America's Credit, Product, and Pricing group where he helped develop the bank's post credit crisis risk tolerance guidelines and delinquency metrics. Mr. Levy began his municipal finance career working for United States Congressman Michael Forbes in Shirley, New York. He subsequently held analyst positions with the Albany County Comptroller's Office and the New York Association of Homes & Services for the Aging (NYAHSA). Additionally, Mr. Levy previously worked for Deloitte as a Senior Consultant where he covered clients in the housing, gaming, technology, financial services, and manufacturing industries. Mr. Levy holds a B.A. and a M.A. in Economics from The State University of New York – Albany and an M.B.A. from Wake Forest University. He has also earned a post-graduate certificate in Corporate Treasury Management from Duke University with additional post-graduate studies in Law. Mr. Levy is the Vice Chairman of the Mecklenburg County Board of Equalization and Review having been appointed by the Mecklenburg County Board of County Commissioners. He is a member of the National Federation of Municipal Analysts (NFMA) and is a Board Member for the Southern Municipal Finance Society (SMFS).

The risks that the fund is subject to include Interest Rate Risk, Credit Risk, State and Municipal Investment Risk, Market Volatility, Liquidity and Valuation Risks, Issuer Risk, Active Management Risk, Call Risk, Non-Investment-Grade Securities Risk

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