CREF Variable Annuity

CREF Bond Market Account
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Unit Value

 

Day's Change

 

Portfolio Net Assets

 

Estimated
Expense Charge

 
Expenses are estimated each year based on projected expense and asset levels. Differences between actual expenses and the estimate are adjusted quarterly and are reflected in current investment results.

The Account’s total annual expense deduction appears in the Account's prospectus, and may be different than that shown herein due to rounding. Please refer to the prospectus for further details.
 
 

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

$110.0633
 
0.2978 (0.27%)
 
$13.22B
 
0.44%
 
1.81%
 
OVERALL
OUT OF 942 FUNDS
 
$105.1166 - $110.9445
As of close 04/17/2014As of 03/31/2014As of 04/16/2014 
As of 03/31/2014
Based on risk adjusted returns
 
09/05/2013
 
 
 
05/02/2013

Portfolio Composition

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

Maturity Allocation

As of 03/31/2014

% of
Fixed Income Investments
0 - 1 Year9.22%
1 - 3 Years18.14%
3 - 5 Years23.22%
5 - 10 Years37.20%
10+ Years12.22%

Sector Weighting

As of 03/31/2014

% of
Net Assets
Mortgage-Backed Securities (Includes MPT & CMOS)24.03%
Corporate Bonds23.22%
Foreign Government And Corporate Bonds Denominated In U.S. Dollars15.64%
U.S. Treasury Securities14.20%
Asset-Backed Securities9.16%
Municipal Bonds4.04%
CMBS3.41%
U.S. Agency Securities2.84%
Preferred Stock0.16%
Bank Loan Obligations0.14%
Short-Term Investments, Other Assets & Liabilities, Net3.16%

Asset Allocation

As of 03/31/2014

% of
Net Assets
U.S. Fixed Income81.04%
International Fixed Income15.64%
Short-Term Investments, Other Assets , Net3.16%
U.S. Equity0.16%
Short-Term Investments, Other Assets & Liabilities, Net3.16%

Investing in this account involves a number of risks, including interest rate risk, income volatility risk, credit risk, prepayment and extension risk, illiquid security risk, and foreign investment risks.

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (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.

Fund Facts

 
Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates. It takes into account options embedded in the individual securities that might result in early repayment of principal, thereby shortening their duration. The longer a portfolio's duration, the more sensitive it is to changes in interest rates.

Average Maturity refers to the average time to maturity (the date a principal amount of a security becomes due or payable) of all the debt securities held in a portfolio. A relatively short average maturity results in smaller price fluctuations in response to changes in market rates of interest. A short average maturity subjects the owner of a debt portfolio to the risk that maturing debt will be replaced with debt carrying a lower interest rate.
 

Total Number of Holdings

1,260As of 02/28/2014

Option-Adjusted Duration

5.38 YearsAs of 03/31/2014

Average Maturity

7.11 YearsAs of 03/31/2014

Average Coupon

3.43%As of 03/31/2014

C12280