TIAA-CREF Mutual Funds

TIAA-CREF Inflation-Linked Bond Fund (Premier)1TIKPX
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Daily NAV

 

Day's Change

 

Portfolio Net Assets

 

Gross / Net Expense Ratio

 

30 Day
SEC Yield

 
The 30-day SEC yield displayed is the yield of the securities within the portfolio adjusted for inflation, as measured by the Consumer Price Index (CPI). This 30-day yield, because of the adjustment, may be more volatile than 30-day SEC yields typically quoted on traditional (nominal) bond investments. The 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

$11.53
 
0.01 (0.09%)
 
$1.82B
 
0.42% / 0.42%
 
3.93%
 
OVERALL
OUT OF 186 FUNDS
 
$11.14 - $12.53
As of close 04/24/2014As of 03/31/2014As of 04/23/2014 
As of 03/31/2014
Based on risk adjusted returns
 
09/05/2013
 
 
 
04/26/2013

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
  • Since Inception

Portfolio Overview

  • Investment Strategy
  • Management Team
  • Video
  • Share Class

    Premier Class

  • Dividend Frequency

    Quarterly

  • Redemption Fee

    --

  • Inception Date

    09/30/2009

  • Ticker

    TIKPX

  • CUSIP

    87245M459

The fund seeks a long-term rate of return that outpaces inflation, primarily through investment in inflation-linked bonds. It normally invests at least 80% of its assets in fixed-income securities whose principal value increases or decreases based on changes in the Consumer Price Index for All Urban Consumers over the life of the security. Typically, the fund will invest in U.S. Treasury Inflation-Indexed Securities. It may also invest in other inflation-linked bonds issued or guaranteed by the U.S. Government or its agencies, and money market instruments or other short-term securities. The fund is managed to maintain a duration that is similar to that of its benchmark index. The fund may also invest up to 25% of its assets in inflation-linked bonds issued or guaranteed by foreign governments and their agencies.


John Cerra

Managing Director, Global Public Markets


Stephen Liberatore, CFA

Managing Director, Global Public Markets

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
U.S. Treasury Securities98.05%
Short-Term Investments, Other Assets & Liabilities, Net1.95%

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
U.S. Treasury Inflation Indexed Bonds 0.125%, 04/15/17101.4M5.57%
U.S. Treasury Inflation Indexed Bonds 0.125%, 07/15/2299.6M5.47%
U.S. Treasury Inflation Indexed Bonds 0.125%, 04/15/1692.4M5.07%
U.S. Treasury Inflation Indexed Bonds 1.125%, 01/15/2175.0M4.12%
U.S. Treasury Inflation Indexed Bonds 0.125%, 01/15/2271.9M3.95%
U.S. Treasury Inflation Indexed Bonds 0.625%, 07/15/2171.5M3.93%
U.S. Treasury Inflation Indexed Bonds 1.250%, 07/15/2068.9M3.78%
U.S. Treasury Inflation Indexed Bonds 2.375%, 01/15/2567.0M3.68%
U.S. Treasury Inflation Indexed Bonds 0.125%, 01/15/2364.7M3.55%
U.S. Treasury Inflation Indexed Bonds 1.625%, 01/15/1550.5M2.77%

The risks that the fund is subject to include Interest Rate Risk, Credit Risk, Fixed-Income Foreign Investment Risk, Active Management Risk, Special Risks for Inflation-Indexed Bonds, Derivatives Risk

1The fund's Institutional Class began operations on 10/01/2002. Performance shown for the Since Inception period and prior to the inception of the Premier Class is based on the performance of the fund's Institutional Class. Performance has not been restated to reflect the higher expenses of the Premier Class. If the expense differential had been reflected, performance for these periods would have been lower.

2The Barclays U.S. TIPS Index measures the performance of fixed-income securities with fixed-rate coupon payments that adjust for inflation as measured by the Consumer Price Index for All Urban Consumers. 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 186 FUNDS
  • 3 YEAR
    OUT OF 186 FUNDS
  • 5 YEAR
    OUT OF 149 FUNDS
  • 10 YEAR
    OUT OF 57 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 Category

Inflation-Protected Bond

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

    5.39
  • R-Squared

    1.00
  • Sharpe Ratio

    0.57
  • Beta

    0.97
LEARN MORE ABOUT INVESTMENT RISK  
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