TIAA-CREF Mutual Funds

TIAA-CREF Global Natural Resources Fund (Retail)TNRLX
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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. (“Advisors”), 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 1.14% of average daily net assets for Retail Class shares of the Fund. These expense reimbursement arrangements will continue through at least February 28, 2015, 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

$10.00
 
0.01 (0.10%)
 
$243.61M
 
1.16% / 1.14%
 
Not Available
 
$8.92 - $10.16
As of close 04/15/2014As of 03/31/2014
Based on risk adjusted returns
 
06/24/2013
 
 
 
04/09/2014

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.
 

03/31/2013 - 03/31/2014

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

Portfolio Overview

  • Investment Strategy
  • Management Team
  • Video
  • Share Class

    Retail Class

  • Dividend Frequency

    Annually

  • Redemption Fee 
    Shares held less than 60 calendar days may be subject to a 2.00% redemption fee. Please see the prospectus for details. The fund performance shown does not reflect the deduction of this fee. Had the fee been deducted, returns would have been lower.
     

    2.00% if shares held < 60 days

  • Inception Date

    11/01/2011

  • Ticker

    TNRLX

  • CUSIP

    87245R102

The fund seeks a favorable long-term total return, mainly through capital appreciation, from investments related to the natural resources sector. It normally invests at least 80% of its assets in securities of issuers engaged in energy, metals, agriculture and other commodities, as well as related products and services. The fund’s management team focuses on companies of all capitalization sizes that it believes are resource-rich, have growth potential and trade at attractive valuation levels, regardless of their geographical location. Under normal circumstances, the fund will invest over 40% of its assets in foreign issuers, including those in emerging markets. The fund is non-diversified.


Navaneel Ray, CFA

Managing Director, Equity Investments

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
Materials55.61%
Energy33.20%
Consumer Staples6.86%
Industrials2.00%
Consumer Discretionary0.77%
Health Care0.65%
Short-Term Investments, Other Assets & Liabilities, Net0.91%

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. Money market instruments and/or futures contracts, if applicable, are excluded. The holdings may not include the fund's entire investment portfolio and should not be considered a recommendation to buy or sell a particular security.
 

As of 03/31/2014
Market Value ($)% of
Net Assets
Monsanto Co18.0M7.39%
Exxon Mobil Corp16.1M6.62%
BHP Billiton plc11.5M4.71%
BHP Billiton Ltd8.5M3.50%
Fortescue Metals Group Ltd8.4M3.43%
Potash Corp of Saskatchewan (Toronto)7.3M2.99%
Rio Tinto plc7.0M2.86%
Total S.A.6.8M2.81%
Archer Daniels Midland Co6.4M2.63%
Southern Copper Corp (NY)5.8M2.36%

The risks that the fund is subject to include market risk, company risk, industry/sector risk, special risks for investing in natural resources, non-diversification risk, active management risk, foreign investment risks and emerging markets risk. The Fund is non-diversified meaning that it may invest in fewer investments than other mutual funds and its investments are concentrated within the natural resources sector.

1The MSCI All Country World Commodity Producers Sector Capped Index (the "Index") is a free float-adjusted index that tracks the overall performance of stocks of commodity producers in 24 developed market and 21 emerging market countries around the world. 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 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.

Morningstar

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

Morningstar Rating

  • OVERALL
    OUT OF 133 FUNDS
  • 3 YEAR
    OUT OF 133 FUNDS
  • 5 YEAR
    OUT OF 110 FUNDS
  • 10 YEAR
    OUT OF 47 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

Natural Resources

Morningstar Risk Measures

RETURN VS. CATEGORY*
  • NOT AVAILABLE
  • LOW
  • AVG
  • HIGH
C12280