TIAA-CREF Mutual Funds

TIAA-CREF Bond Plus Fund (Retail)


Daily NAV


Day's Change


Portfolio Net Assets


Gross / Net Expense Ratio

The Retail Class of the Fund has adopted a Distribution (12b-1) Plan that reimburses the Fund’s distributor, Teachers Personal Investors Services, Inc. (“TPIS”), for its expenses in providing distribution, promotional and shareholder services with respect to the Retail Class shares at the annual rate of up to 0.25% of average daily net assets attributable to Retail Class shares. Under the Fund’s expense reimbursement arrangements, the Fund’s investment adviser, Teachers Advisors, Inc., has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage and other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed 0.70% of average daily net assets for Retail Class shares.

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

0.01 (0.10%)
0.64% / 0.64%
$10.25 - $10.82
As of close 02/05/2016As of 01/31/2016As of 02/04/2016 
As of 01/31/2016
Based on risk adjusted returns

Hypothetical Growth of $10,000 
The chart illustrates the performance of a hypothetical $10,000 investment made on the date indicated. The total returns are not adjusted to reflect sales charges or the effects of taxation, but are adjusted to reflect actual ongoing expenses, and assume reinvestment of dividends and capital gains, net of all recurring costs.

12/31/2012 - 12/31/2015

  • 3 Month
  • 6 Month
  • 1 Year
  • 3 Years
  • 5 Years
  • Since Inception

Portfolio Overview

  • Investment Strategy
  • Management Team
  • Video
  • Class

    Retail Class

  • Dividend Frequency


  • Redemption Fee


  • Inception Date


  • Ticker




The fund seeks a favorable long-term total return, primarily through high current income. It typically invests at least 80% of its assets in bonds. The fund's portfolio is divided into two segments. The first segment, which makes up at least 70% of the fund's assets, is invested in a broad range of investment-grade bonds and other high-quality fixed-income securities. The second segment, which will not exceed 30% of assets, is invested in fixed-income securities with special features in an effort to improve the fund's total return. Potential investments in this segment may include, but are not limited to, non-investment-grade securities, emerging market fixed-income securities and convertible and preferred securities. The fund may invest in fixed-income securities of any duration. It may also invest up to 20% of its assets in fixed-income securities of foreign issuers, including emerging markets.

William Martin

Managing Director, Head of Fixed Income Portfolio Management

John Cerra

Managing Director, Global Public Markets, Portfolio Management

Kevin Lorenz, CFA

Managing Director, Global Public Markets, Portfolio Management

Performance Returns 
Average annual total return is a hypothetical rate of return that, if achieved annually, would have produced the same cumulative total return if performance had been constant over the entire period. Average annual total returns smooth out variation in performance; they are not the same as actual year-by-year results. Also, it is the average annual profit or loss realized by an investment at the end of a specified calendar period, stated as the percentage gained or lost per dollar invested.

  • Monthly
  • Quarterly

Portfolio Composition

Portfolio Composition provides details for the investments that constitute a particular fund.

Sector Weightings

As of 12/31/2015
% of
Net Assets
Corporate Bonds29.03%
Mortgage-Backed Securities (Includes MPT & CMOS)18.55%
Foreign Government And Corporate Bonds Denominated In U.S. Dollars14.22%
U.S. Treasury Securities13.98%
Bank Loan Obligations4.86%
Municipal Bonds4.23%
Asset-Backed Securities3.93%
U.S. Agency Securities0.14%
Short-Term Investments, Other Assets & Liabilities, Net1.98%

Top 10 Holdings 
The top 10 holdings are subject to change and may not be representative of the fund's current or future investments. The holdings listed only include the fund's long-term investments and may exclude any temporary cash investments and equity index products. The holdings listed should not be considered a recommendation to buy or sell a particular security. Top holdings by issuer includes the underlying ordinary shares combined with any depositary receipts, preferred shares, contract for differences (CFDs), rights, options and warrants as applicable.

As of 12/31/2015
Market Value ($)% of
Net Assets
U.S. Treasury Note 1.625%, 11/30/20111.1M3.92%
U.S. Treasury Note 1.875%, 11/30/2164.7M2.29%
U.S. Treasury Bond 2.875%, 08/15/4553.0M1.87%
U.S. Treasury Bond 3.000%, 05/15/4547.7M1.68%
U.S. Treasury Inflation Indexed Bonds 2.125%, 01/15/1935.1M1.24%
U.S. Treasury Note 2.250%, 11/15/2527.5M0.97%
U.S. Treasury Note 2.000%, 11/30/2224.9M0.88%
U.S. Treasury Inflation Indexed Bonds 0.125%, 04/15/2020.0M0.71%
GNMA TBA 3.500%, 01/20/4618.8M0.66%
FNMA TBA 3.500%, 01/25/4618.6M0.66%
The risks that the fund is subject to include Interest Rate Risk, Prepayment Risk, Extension Risk, Issuer Risk, Income Volatility Risk, Credit Risk, Call Risk, Fixed-Income Foreign Investment Risk, Active Management Risk, Market Volatility, Liquidity and Valuation Risk, Mortgage Roll Risk, Downgrade Risk, Non-Investment-Grade Securities Risk, Derivatives Risk
1The Barclays U.S. Aggregate Bond Index measures the performance of the U.S. investment-grade, fixed-rate bond market, including government and credit securities, agency mortgage pass-through securities, asset-backed securities and commercial mortgage-backed securities. You cannot invest directly in this index.
Morningstar is an independent service that rates mutual funds and variable annuities.

For each fund/account with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's/account's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Where applicable, Morningstar's performance rankings are based on linked performance that considers the differences in expense ratios, while actual performance data shown does not reflect such differences.

The top 10 percent of funds/accounts in a category receive five stars, the next 22.5 percent receive four stars, and the next 35 percent receive three stars, the next 22.5 percent receive two stars and the bottom 10 percent receive one star. (Each share class is counted as a fraction of one fund/account within this scale and rated separately, which may cause slight variations in the distribution percentages.) Morningstar proprietary ratings on U.S.-domiciled funds/accounts reflect historical risk-adjusted performance, are subject to change every month. They are derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Please note, Morningstar now rates group variable annuities within the open-end mutual fund universe.

The information contained in these reports is the proprietary information of Morningstar, Inc., may not be copied or redistributed for any purpose and may only be used for non-commercial, personal purposes. Additionally, Morningstar, Inc. shall not be responsible for investment decisions, damages or other losses resulting from use of this information. Morningstar, Inc. has not granted consent for it to be considered or deemed an "expert" under the Securities Act of 1933.
TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Investment products, insurance and annuity products: are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.

Key Differentiators

  • Seeks to deliver returns significantly above the benchmark through security selection, sector rotation and out-of-index holdings in which the Fund is permitted to invest, such as high-yield and emerging markets debt
  • Selection of individual securities determined through detailed, bottom-up company analysis, taking into account not only fundamentals, but also capital structure placement and relative value long the issuer’s credit curve
  • Experienced portfolio managers and senior investment professionals, including specialized credit and structured finance research teams, who are able to assess relative value within and cross sectors


A research company that rates the performance of Mutual Funds and Variable Annuities.

Morningstar Rating

    OUT OF 947 FUNDS
  • 3 YEAR
    OUT OF 947 FUNDS
  • 5 YEAR
    OUT OF 828 FUNDS
  • 10 YEAR

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

Morningstar Category

Intermediate-Term Bond

Morningstar Risk Measures

  • LOW
  • AVG
  • HIGH

Investment Risk

Investment risk is usually related to the performance of an investment—riskier investments offer potentially higher returns—but are more volatile in the short-term. Beta (past price fluctuations), R-Squared (performance against benchmark index), and Standard Deviation (past volatility) are all used to calculate the degree of risk associated with individual investments.

Level of risk is defined using the 3 Year Standard Deviation of the Investment.

Following risk measures below are based on a 3 Year period.

  • Standard Deviation

  • R-Squared

  • Sharpe Ratio

  • Beta