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
| ISIN | US87245M8486 |
|---|---|
| Issuer | TIAA Investments |
| Inception Date | Sep 14, 2009 |
| Category | Intermediate Core Bond |
| Min. Investment | $10,000,000 |
| Asset Class | Bond |
Expense Ratio
TBIIX has an expense ratio of 0.07% which is considered to be low.
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 -1.40% year-to-date (YTD) and 1.90% in the last 12 months. Over the past 10 years, TIAA-CREF Bond Index Fund had an annualized return of 1.29%, while the S&P 500 had an annualized return of 10.99%, indicating that TIAA-CREF Bond Index Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.40% | 11.18% |
| 1 month | 1.58% | 5.60% |
| 6 months | 3.50% | 17.48% |
| 1 year | 1.90% | 26.33% |
| 5 years (annualized) | 0.23% | 13.16% |
| 10 years (annualized) | 1.29% | 10.99% |
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 | -0.15% | -1.40% | 0.81% | -2.45% | -1.40% | ||||||||
| 2023 | 3.31% | -2.55% | 2.46% | 0.65% | -1.10% | -0.28% | -0.07% | -0.69% | -2.51% | -1.59% | 4.51% | 3.69% | 5.65% |
| 2022 | -2.08% | -1.12% | -2.80% | -3.84% | 0.59% | -1.49% | 2.43% | -2.87% | -4.28% | -1.38% | 3.71% | -0.62% | -13.19% |
| 2021 | -0.62% | -1.49% | -1.35% | 0.88% | 0.15% | 0.78% | 1.13% | -0.20% | -0.90% | -0.03% | 0.24% | -0.21% | -1.64% |
| 2020 | 2.10% | 1.71% | -0.49% | 1.61% | 0.54% | 0.62% | 1.56% | -1.01% | 0.00% | -0.51% | 1.12% | 0.84% | 8.33% |
| 2019 | 1.00% | -0.05% | 1.94% | -0.05% | 1.73% | 1.24% | 0.32% | 2.58% | -0.58% | 0.21% | -0.06% | -0.15% | 8.39% |
| 2018 | -1.18% | -0.91% | 0.50% | -0.73% | 0.61% | 0.03% | 0.01% | 0.29% | -0.53% | -0.82% | 0.64% | 1.90% | -0.23% |
| 2017 | 0.29% | 0.66% | -0.07% | 0.76% | 0.67% | 0.02% | 0.39% | 0.85% | -0.44% | 0.02% | -0.16% | 0.42% | 3.44% |
| 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% | -0.46% | -1.01% | 0.84% | -0.37% | 0.84% | 0.01% | -0.27% | -0.39% | 0.54% |
| 2014 | 1.51% | 0.55% | -0.29% | 0.84% | 1.21% | 0.00% | -0.28% | 1.11% | -0.64% | 1.02% | 0.64% | 0.08% | 5.90% |
| 2013 | -0.76% | 0.51% | 0.05% | 0.96% | -1.86% | -1.52% | 0.06% | -0.51% | 0.93% | 0.83% | -0.38% | -0.61% | -2.33% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TBIIX is 5, indicating that it is in the bottom 5% 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.
TBIIX (TIAA-CREF Bond Index Fund)
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 granted a 3.14% dividend yield in the last twelve months. The annual payout for that period amounted to $0.30 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.28 | $0.25 | $0.25 | $0.44 | $0.29 | $0.26 | $0.27 | $0.25 | $0.26 | $0.25 | $0.20 |
Dividend yield | 3.14% | 2.91% | 2.62% | 2.24% | 3.76% | 2.65% | 2.47% | 2.46% | 2.33% | 2.43% | 2.26% | 1.94% |
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 | $0.00 | $0.10 | |||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $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 | $0.03 | $0.25 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.25 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 | $0.44 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.03 | $0.03 | $0.26 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 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 | $0.04 | $0.26 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.25 |
| 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.
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 18.42%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current TIAA-CREF Bond Index Fund drawdown is 11.06%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.42% | Jan 5, 2021 | 455 | Oct 24, 2022 | — | — | — |
| -6.6% | Mar 9, 2020 | 9 | Mar 19, 2020 | 49 | May 29, 2020 | 58 |
| -5.06% | May 3, 2013 | 87 | Sep 5, 2013 | 174 | May 15, 2014 | 261 |
| -4.56% | Jul 11, 2016 | 112 | Dec 15, 2016 | 178 | Aug 31, 2017 | 290 |
| -3.65% | 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.