Asset Management

TIAA-CREF Mutual Funds

TIAA-CREF Money Market Fund (Institutional)TCIXX

Daily NAV

 

Day's Change

 

Portfolio Net Assets

 

Gross / Net Expense Ratio

 

7-Day Current / Effective Ann. Yield

 
The current yield more closely reflects current earnings than does the total return.

7-Day Current Annualized Yield – A simple interest calculation. A measure of return that divides average net income received over a 7-day period by the average balance in your account and multiplies the result by 365 to get an annual equivalent. This measure reflects income actually received over the last 7 days and differs from Effective Annualized Yield in that it does not reflect compounding.

7-Day Effective Annualized Yield – A compound interest calculation. A measure of return that compounds the 7-Day Current Yield to an annual figure. This measure assumes that dividends are reinvested and that an investor will earn the 7-Day Yield for an entire year. It also reflects interest earned on interest, or compounded interest.
 
 

52 Week Range

$1.00
 
0.00 (0.00%)
 
$856.37M
 
0.14% / 0.14%
 
0.00% / 0.00%
 
$1.00 - $1.00
As of close 04/22/2014As of 03/31/2014As of 04/22/2014
04/24/2013
 
 
 
04/24/2013

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.
 

03/31/2011 - 03/31/2014

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

Portfolio Overview

  • Investment Strategy
  • Management Team
  • Share Class

    Institutional Class

  • Dividend Frequency

    Monthly

  • Redemption Fee

    --

  • Inception Date

    07/01/1999

  • Ticker

    TCIXX

  • CUSIP

    87244W706

The fund seeks high current income consistent with maintaining liquidity and preserving capital. Generally, the fund seeks to maintain a share value of $1.00 per share by investing in high-quality, short-term money market instruments. These include, but are not limited to, commercial paper, bank obligations, U.S. Government securities, other debt obligations issued by domestic or foreign companies as well as repurchase agreements. The fund maintains a dollar-weighted average maturity of 60 days or less and a dollar-weighted average life to maturity of 120 days or less. The fund will only purchase money market securities that are rated in the highest categories for short-term instruments.  The fund may invest up to 30% of its assets in money market and debt instruments of foreign issuers denominated in U.S. dollars.


Michael Ferraro, CFA

Director, Global Public Markets


Joseph Rolston

Director

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 03/31/2014
% of
Net Assets
Commercial Paper46.44%
U.S. Government Agency Securities22.70%
U.S. Treasury Bills / Notes17.65%
Floating Rate Securities, Government7.72%
Certificates of Deposit5.40%
Other Assets & Liabilities, Net0.09%

Maturity Allocation

As of 03/31/2014
% of
Fixed Income Investments
0 - 30 Days36.57%
31 - 60 Days25.83%
61 - 90 Days24.09%
91+ Days13.51%

Beginning December 13, 2011 part or all of the investment management fees of the Institutional Class of the TIAA-CREF Money Market Fund may be voluntarily waived. Without this waiver, current and effective annualized yields and total returns would be lower. This voluntary fee waiver may be discontinued at any time without notice.

An investment in the fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other U.S. government agency. The fund will attempt to maintain a stable net asset value of $1.00 per share, but it is possible to lose money by investing in the fund. The current yield more closely reflects the fund's current earnings than does the total return.

1The iMoneyNet Money Fund Averages – All Taxable category is a simple average of over 1,000 taxable money market funds and you cannot invest directly in it.

2The performance shown for the benchmark is computed from August 1999.

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 and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. 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.

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

    0.01
  • R-Squared

    --
  • Sharpe Ratio

    -4.50
  • Beta

    --
LEARN MORE ABOUT INVESTMENT RISK  
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