TIAA-CREF Mutual Funds

TIAA-CREF Bond Index Fund (Premier)1TBIPX
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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:0.28% of average daily net assets for Premier 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

$10.74
 
0.00 (0.00%)
 
$5.07B
 
0.29% / 0.28%
 
2.05%
 
OVERALL
OUT OF 942 FUNDS
 
$10.42 - $11.04
As of close 04/16/2014As of 03/31/2014As of 04/15/2014 
As of 03/31/2014
Based on risk adjusted returns
 
09/05/2013
 
 
 
05/01/2013

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
  • Share Class

    Premier Class

  • Dividend Frequency

    Monthly

  • Redemption Fee

    --

  • Inception Date

    09/30/2009

  • Ticker

    TBIPX

  • CUSIP

    87245M590

The fund seeks a favorable long-term total return, mainly from current income, by primarily investing in a portfolio of fixed-income securities that is designed to produce a return that corresponds with the total return of the U.S. investment-grade bond market based on a broad bond index. It typically invests at least 80% of its assets in bonds within its benchmark and portfolio tracking index. The fund uses a sampling technique to create a portfolio that closely matches the overall investment characteristics of its benchmark (including duration, sector diversification and credit quality) without investing in all of the securities in that index. Generally, the fund invests in a wide spectrum of public, investment-grade, taxable debt securities, including government securities, as well as mortgage-backed and asset-backed securities. It may invest in foreign securities only to the extent they are held in the index.


Lijun (Kevin) Chen

Director


James Tsang, CFA

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 Securities35.57%
Mortgage-Backed Securities (Includes MPT & CMOS)29.20%
Corporate Bonds18.95%
Foreign Government And Corporate Bonds Denominated In U.S. Dollars9.64%
U.S. Agency Securities2.81%
CMBS1.72%
Municipal Bonds0.98%
Asset-Backed Securities0.43%
Short-Term Investments, Other Assets & Liabilities, Net0.70%

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 1.000%, 05/31/1870.7M1.39%
U.S. Treasury Note 0.750%, 10/31/1760.8M1.20%
U.S. Treasury Note 0.375%, 01/15/1659.0M1.16%
U.S. Treasury Note 0.875%, 01/31/1750.4M0.99%
U.S. Treasury Note 1.500%, 08/31/1840.3M0.79%
U.S. Treasury Note 0.250%, 02/29/1639.9M0.78%
U.S. Treasury Note 1.250%, 11/30/1832.9M0.65%
U.S. Treasury Bond 5.250%, 02/15/2932.6M0.64%
U.S. Treasury Bond 4.375%, 05/15/4130.5M0.60%
U.S. Treasury Note 0.750%, 12/31/1730.4M0.60%

This fund is subject to risks, including: Income Volatility Risk, Credit Risk, Call Risk, Market Volatility and Liquidity Risk, Interest Rate Risk, Prepayment Risk, Extension Risk and Index Risk.

1The fund's Institutional Class began operations on 09/14/2009. 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. 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.

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*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

    2.85
  • R-Squared

    1.00
  • Sharpe Ratio

    1.17
  • Beta

    1.00
LEARN MORE ABOUT INVESTMENT RISK  
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