TIAA-CREF Mutual Funds

TIAA-CREF Mid-Cap Value Fund (Retail)

TCMVX

Daily NAV

 

Day's Change

 

Portfolio Net Assets

 

Gross / Net Expense Ratio

 
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 commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: 0.94% of average daily net assets for Retail Class shares. These expense reimbursement arrangements will continue through at least February 29, 2016, unless changed with approval of the Board of Trustees.
 
 

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

$22.06
 
0.32 (1.43%)
 
$5.01B
 
0.72% / 0.72%
 
OVERALL
OUT OF 426 FUNDS
 
$21.51 - $25.09
As of close 09/04/2015As of 08/31/2015
As of 07/31/2015
Based on risk adjusted returns
 
08/25/2015
 
 
 
11/26/2014

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.
 

06/30/2012 - 06/30/2015

  • 3 Month
  • 6 Month
  • 1 Year
  • 3 Years
  • 5 Years
  • 10 Years

Portfolio Overview

  • Investment Strategy
  • Management Team
  • Video
  • Class

    Retail Class

  • Dividend Frequency

    Annually

  • Redemption Fee

    --

  • Inception Date

    10/01/2002

  • Ticker

    TCMVX

  • CUSIP

    87244W847

The fund seeks a favorable long-term total return, mainly through capital appreciation, primarily from equity securities of medium-sized domestic companies. It normally invests at least 80% of its assets in mid-cap equity securities that the fund's management team believes are undervalued based on an evaluation of their potential worth. Particular emphasis is placed on a variety of comparative valuation criteria to determine whether a company might be undervalued, including numerous financial ratios such as stock price-to-book value, stock price-to-earnings, free cash flow, debt-to-capital and, to a lesser extent, dividend yield. The fund may invest up to 20% of its assets in foreign securities.

Tom Kolefas, CFA

Managing Director, Equity Investments, Active Portfolio Management


Richard Cutler

Managing Director, Equity Investments, Active 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

The performance data quoted represents past performance, and is no guarantee of future results. Your returns and the principal value of your investment will fluctuate so that your accumulation units or shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance results would have been lower. Since Inception performance shown is cumulative for funds that have less than one year of performance history. For investments with exceptional performance, please note that performance fluctuates and currently may be lower than noted here.

Portfolio Composition

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

Sector Weightings

As of 06/30/2015
% of
Net Assets
Financials29.60%
Health Care11.84%
Energy10.72%
Consumer Discretionary9.91%
Information Technology9.66%
Utilities9.18%
Industrials8.48%
Materials5.27%
Consumer Staples2.90%
Telecommunication Services1.12%
Short-Term Investments, Other Assets & Liabilities, Net1.32%

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 06/30/2015
Market Value ($)% of
Net Assets
Cigna Corp90.7M1.71%
Sempra Energy62.5M1.18%
Omnicare, Inc60.6M1.15%
Ameriprise Financial, Inc58.9M1.11%
Tyson Foods, Inc (Class A)56.3M1.06%
Hartford Financial Services Group, Inc54.1M1.02%
Humana, Inc52.6M0.99%
Allergan plc50.4M0.95%
TE Connectivity Ltd49.6M0.94%
Fifth Third Bancorp49.2M0.93%

The risks that the fund is subject to include market risk, company risk, mid-cap risk, growth investing risks, style risk and foreign investment risks

1The Russell Midcap® Value Index measures the performance of those Russell Mid-cap companies with higher price-to-book ratios and higher forecasted growth values. The stocks are also members of the Russell 1000® Index. The Russell Midcap Value Index and Russell 1000 Index are registered trademarks of the Frank Russell Company. Our accounts are not promoted or sponsored by or affiliated with Frank Russell Company. 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

  • The Fund uses a multi-factor screening methodology incorporating valuation, free cash flow generation, specific catalysts and fundamental research, complemented by a strong sell discipline
  • Managed by an experienced team that has worked through many market cycles and is supported by a centralized research team of expert industry analysts
  • Adheres to a disciplined investment process with relatively low turnover

Morningstar

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

Morningstar Rating

  • OVERALL
    OUT OF 426 FUNDS
  • 3 YEAR
    OUT OF 426 FUNDS
  • 5 YEAR
    OUT OF 367 FUNDS
  • 10 YEAR
    OUT OF 251 FUNDS

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 Stylebox

EQUITY
  • VALUE
  • BLEND
  • GROWTH
  • LARGE
  • MID
  • SMALL

The Morningstar Style Box™ reveals a fund's investment strategy. For equity funds, the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth).

Morningstar Category

Mid-Cap Value

Morningstar Risk Measures

RETURN VS. CATEGORY*AVG
  •  
  •  
  •  
  • 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.
 
 
LOWER
RISK
HIGHER
RISK

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

    9.08
  • R-Squared

    0.97
  • Sharpe Ratio

    1.92
  • Beta

    0.97
LEARN MORE ABOUT INVESTMENT RISK  
C12280