TIAA-CREF Mutual Funds

TIAA-CREF Social Choice Bond Fund (Retirement)TSBBX
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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., 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: 0.65% of average daily net assets for Retirement Class shares.These expense reimbursement arrangements will continue through at least July 31, 2014, unless changed with approval of the Board of Trustees.
 
 

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

$10.03
 
0.03 (0.30%)
 
$100.92M
 
1.77% / 0.65%
 
1.91%
 
Not Available
 
$9.60 - $10.15
As of close 04/17/2014As of 03/31/2014As of 04/16/2014 
Based on risk adjusted returns
 
09/05/2013
 
 
 
05/02/2013

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.
 

03/31/2013 - 03/31/2014

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

Portfolio Overview

  • Investment Strategy
  • Management Team
  • Video
  • Share Class

    Retirement Class

  • Dividend Frequency

    Monthly

  • Redemption Fee

    --

  • Inception Date

    09/21/2012

  • Ticker

    TSBBX

  • CUSIP

    87245R698

The fund seeks a favorable long-term total return through income and capital appreciation as is consistent with preserving capital while giving special consideration to certain social criteria. It typically invests at least 80% of its assets in broad range of investment-grade bonds, including, but not limited to, U.S. Government securities, corporate bonds, taxable municipal securities and mortgage-backed or other asset-backed securities. The fund's investments in fixed-income securities issued by corporate entities and certain foreign government entities are subject to environmental, social and governance criteria. Additionally, the fund targets 10% of its assets for proactive social investments, which TIAA-CREF defines as securities providing competitive risk-adjusted returns alongside clear social and environmental benefits and outcomes. The fund may invest up to 20% of its assets in fixed-income securities of foreign issuers, including emerging markets.


Stephen Liberatore, CFA

Managing Director, Global Public Markets


Joseph Higgins, 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
Corporate Bonds34.91%
Foreign Government And Corporate Bonds Denominated In U.S. Dollars13.64%
Mortgage-Backed Securities (Includes MPT & CMOS)13.58%
Municipal Bonds8.56%
U.S. Treasury Securities8.00%
U.S. Agency Securities4.84%
CMBS4.67%
Asset-Backed Securities4.30%
Bank Loan Obligations0.75%
Preferred Stock0.25%
Short-Term Investments, Other Assets & Liabilities, Net6.50%

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 Note 1.500%, 02/28/193.3M3.28%
U.S. Treasury Note 2.750%, 02/15/242.2M2.15%
U.S. Treasury Bond 3.750%, 11/15/431.3M1.31%
FNMA 4.500%, 08/01/391.3M1.29%
FNMA 2.500%, 10/01/271.1M1.13%
FNMA 3.500%, 01/01/431.1M1.09%
GNMA 3.000%, 02/20/391.1M1.08%
FNMA 4.000%, 02/25/441.0M1.00%
Huntington Bancshares, Inc 2.600%, 08/02/181.0M1.00%
GNMA 3.000%, 02/20/43940.9K0.93%

The Fund is subject to environmental, social and governance (ESG) criteria risk, namely the risk that because the Fund’s ESG criteria exclude securities of certain issuers for non-financial reasons, the Fund may forgo some market opportunities available to funds that do not use these criteria. Fixed-income securities are subject to interest-rate risk. When interest rates rise, the value of fixed-income securities generally declines. Investments in inflation-linked securities can be affected by changes in investors’ inflation expectations or changes in real interest rates.

1The Barclays U.S. Aggregate Bond Index measures the performance of the U.S. investment-grade, fixed-rate bond market, including government and credit securities, agency mortgage pass-through securities, asset-backed securities and commercial mortgage-backed securities. 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.

Key Differentiators

  • TIAA-CREF is a recognized leader in global socially responsible investing, ranking among the largest managers of comprehensively screened assets with approximately $13 billion in assets under management*
  • The Fund provides investors with the opportunity for competitive return potential through a socially responsible fixed income investment option that reflects their values
  • TIAA-CREF’s longstanding commitment to socially responsible investing, 90 year history of investing in the fixed income markets, and extensive research capabilities brings experience and institutional presence to the strategy
  • The Fund’s 10% target allocation to proactive social investments allows investors to have a direct positive social impact through the funding of socially beneficial companies and/or individual projects

* As of June 30, 2012

Morningstar

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

Morningstar Rating

  • OVERALL
    OUT OF 942 FUNDS
  • 3 YEAR
    OUT OF 942 FUNDS
  • 5 YEAR
    OUT OF 808 FUNDS
  • 10 YEAR
    OUT OF 581 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

Intermediate-Term Bond

Morningstar Risk Measures

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