TIAA-CREF Bond Index Fund (TBIIX)
The investment seeks total return that corresponds with the total return of the Bloomberg Barclays U.S. Aggregate Bond Index. The fund invests at least 80% of its assets in bonds within its benchmark and portfolio tracking index, the Bloomberg Barclays U.S. Aggregate Bond Index. The securities purchased by the fund will mainly be high-quality instruments rated in the top four credit categories by Moody's or S&P or deemed to be of the same quality by the advisors using its own credit quality analysis.
Fund Info
US87245M8486
Sep 14, 2009
$10,000,000
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in TIAA-CREF Bond Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
TIAA-CREF Bond Index Fund had a return of 1.46% year-to-date (YTD) and 6.29% in the last 12 months. Over the past 10 years, TIAA-CREF Bond Index Fund had an annualized return of 1.21%, while the S&P 500 had an annualized return of 11.13%, indicating that TIAA-CREF Bond Index Fund did not perform as well as the benchmark.
TBIIX
1.46%
-0.75%
3.02%
6.29%
-0.53%
1.21%
^GSPC (Benchmark)
24.05%
1.08%
11.50%
30.38%
13.77%
11.13%
Monthly Returns
The table below presents the monthly returns of TBIIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.14% | -1.40% | 0.80% | -2.46% | 1.80% | 0.92% | 2.29% | 1.43% | 1.41% | -2.55% | 1.46% | ||
| 2023 | 3.31% | -2.55% | 2.47% | 0.65% | -1.10% | -0.28% | -0.06% | -0.69% | -2.51% | -1.60% | 4.51% | 3.70% | 5.66% |
| 2022 | -2.08% | -1.12% | -2.80% | -3.84% | 0.59% | -1.49% | 2.43% | -2.87% | -4.28% | -1.38% | 3.70% | -0.71% | -13.28% |
| 2021 | -0.61% | -1.49% | -1.34% | 0.87% | 0.15% | 0.79% | 1.13% | -0.19% | -0.91% | -0.03% | 0.24% | -0.55% | -1.97% |
| 2020 | 2.11% | 1.71% | -0.49% | 1.60% | 0.54% | 0.62% | 1.55% | -1.01% | 0.00% | -0.51% | 1.11% | -0.69% | 6.67% |
| 2019 | 1.00% | -0.05% | 1.94% | -0.05% | 1.73% | 1.24% | 0.32% | 2.59% | -0.59% | 0.22% | -0.05% | -0.14% | 8.41% |
| 2018 | -1.18% | -0.92% | 0.50% | -0.73% | 0.61% | 0.03% | 0.04% | 0.51% | -0.53% | -0.82% | 0.63% | 1.88% | -0.02% |
| 2017 | 0.29% | 0.66% | -0.07% | 0.76% | 0.67% | 0.02% | 0.39% | 0.85% | -0.44% | 0.02% | -0.17% | 0.39% | 3.41% |
| 2016 | 1.41% | 0.75% | 0.94% | 0.37% | -0.08% | 1.83% | 0.64% | -0.17% | 0.00% | -0.81% | -2.54% | 0.10% | 2.40% |
| 2015 | 2.29% | -1.08% | 0.45% | -0.28% | -0.45% | -1.01% | 0.84% | -0.37% | 0.84% | 0.01% | -0.27% | -0.55% | 0.39% |
| 2014 | 1.51% | 0.55% | -0.29% | 0.84% | 1.21% | 0.00% | -0.28% | 1.11% | -0.64% | 1.02% | 0.64% | -0.00% | 5.81% |
| 2013 | -0.76% | 0.51% | 0.05% | 0.96% | -1.86% | -1.52% | 0.06% | -0.51% | 0.93% | 0.83% | -0.38% | -0.67% | -2.39% |
Expense Ratio
TBIIX has an expense ratio of 0.07%, which is considered low compared to other funds.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TBIIX is 18, indicating that it is in the bottom 18% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for TIAA-CREF Bond Index Fund (TBIIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
TIAA-CREF Bond Index Fund provided a 3.34% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.28 | $0.24 | $0.21 | $0.26 | $0.30 | $0.28 | $0.26 | $0.25 | $0.24 | $0.24 | $0.20 |
Dividend yield | 3.34% | 2.92% | 2.52% | 1.90% | 2.23% | 2.66% | 2.69% | 2.42% | 2.33% | 2.27% | 2.17% | 1.89% |
Monthly Dividends
The table displays the monthly dividend distributions for TIAA-CREF Bond Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.27 | |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.28 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.30 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.28 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the TIAA-CREF Bond Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the TIAA-CREF Bond Index Fund was 19.73%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current TIAA-CREF Bond Index Fund drawdown is 10.02%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.73% | Aug 5, 2020 | 560 | Oct 24, 2022 | — | — | — |
| -6.6% | Mar 9, 2020 | 9 | Mar 19, 2020 | 49 | May 29, 2020 | 58 |
| -5.05% | May 3, 2013 | 87 | Sep 5, 2013 | 174 | May 15, 2014 | 261 |
| -4.55% | Jul 11, 2016 | 112 | Dec 15, 2016 | 178 | Aug 31, 2017 | 290 |
| -3.7% | Sep 8, 2017 | 174 | May 17, 2018 | 177 | Jan 31, 2019 | 351 |
Volatility
Volatility Chart
The current TIAA-CREF Bond Index Fund volatility is 1.39%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.