- ISIN
- US87245M2695
- Issuer
- TIAA
- Inception Date
- Aug 30, 2010
- Category
- Emerging Markets Equities
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
TEMLX Performance Chart
TIAA-CREF Emerging Markets Equity Fund (TEMLX) is up 10.9% since the beginning of the year. TEMLX is currently trading at $11 per share. Investors who bought $1,000 worth of TEMLX shares 5 years ago would now be looking at an investment worth $1,202.
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Returns By Period
TIAA-CREF Emerging Markets Equity Fund (TEMLX) has returned 10.87% so far this year and 32.09% over the past 12 months. Over the last ten years, TEMLX has returned 7.17% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
TIAA-CREF Emerging Markets Equity Fund
- 1D
- 3.47%
- 1M
- -3.50%
- 6M
- 2.35%
- YTD
- 10.87%
- 1Y
- 32.09%
- 3Y*
- 13.40%
- 5Y*
- 3.75%
- 10Y*
- 7.17%
- ALL TIME*
- 3.25%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
TEMLX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2011, TEMLX's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, an investment would double in approximately 14.1 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2022 with a return of +14.1%, while the worst month was Mar 2020 at -20.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, TEMLX closed higher 50% of trading days. The best single day was Mar 16, 2022 with a return of +8.8%, while the worst single day was Mar 16, 2020 at -11.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.33% | 4.07% | -10.43% | 10.86% | 8.22% | -0.24% | -8.27% | 10.87% | |||||
| 2025 | 1.93% | 1.01% | 1.00% | -0.99% | 4.37% | 6.47% | 1.46% | 1.77% | 9.15% | 4.29% | -1.82% | 3.00% | 36.01% |
| 2024 | -6.01% | 3.20% | 3.61% | -0.75% | 0.75% | 1.87% | 0.86% | 0.73% | 6.86% | -4.84% | -2.72% | -3.08% | -0.29% |
| 2023 | 10.34% | -7.12% | 4.98% | -2.56% | -1.32% | 6.67% | 6.50% | -8.45% | -3.46% | -3.05% | 7.95% | 4.87% | 13.98% |
| 2022 | 1.10% | -4.03% | -1.02% | -8.15% | 1.88% | -7.48% | -1.19% | 1.34% | -10.86% | -4.01% | 14.09% | -1.58% | -20.02% |
| 2021 | 1.33% | 3.35% | -2.26% | 1.52% | 0.14% | 1.28% | -9.81% | -2.41% | -6.85% | 0.60% | -5.18% | 1.13% | -16.65% |
Benchmark Metrics
TIAA-CREF Emerging Markets Equity Fund has an annualized alpha of -5.73%, beta of 0.85, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since January 03, 2011.
- This fund participated in 108.21% of S&P 500 Index downside but only 69.36% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -5.73% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.85 and R2 of 0.57, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -5.73%
- Beta
- 0.85
- R²
- 0.57
- Upside Capture
- 69.36%
- Downside Capture
- 108.21%
Expense Ratio
TEMLX has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TEMLX ranks 39 for risk / return — above 39% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for TIAA-CREF Emerging Markets Equity Fund (TEMLX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TEMLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.00 | -0.06 |
| Martin ratioReturn relative to average drawdown | 5.98 | 8.49 | -2.51 |
Dividends
Dividend History
TIAA-CREF Emerging Markets Equity Fund provided a 3.12% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.35 | $0.20 | $0.26 | $0.00 | $2.22 | $1.21 | $0.18 | $0.44 | $0.45 | $0.08 | $0.09 |
Dividend yield | 3.12% | 3.46% | 2.64% | 3.25% | 0.05% | 24.53% | 8.93% | 1.42% | 4.51% | 3.55% | 0.93% | 1.00% |
Monthly Dividends
The table displays the monthly dividend distributions for TIAA-CREF Emerging Markets Equity 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.22 | $2.22 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the TIAA-CREF Emerging Markets Equity 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 Emerging Markets Equity Fund was 47.40%, occurring on Oct 24, 2022. Recovery took 815 trading sessions.
The current TIAA-CREF Emerging Markets Equity Fund drawdown is 12.32%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-47.40%Oct 2022 | 1y 8mo | 3y 3mo | 4y 11moFeb 2021 - Jan 2026 | Bear market2022 |
-37.82%Mar 2020 | 2y 1mo | 7mo 17d | 2y 9moJan 2018 - Nov 2020 | COVID crash2020 |
-35.80%Feb 2016 | 4y 9mo | 1y 5mo | 6y 2moMay 2011 - Jul 2017 | — |
-15.26%Jul 2026 | 1mo 26d | — | 2mo 1dJun 2026 - now | — |
-14.26%Mar 2026 | 1mo 2d | 1mo 6d | 2mo 8dFeb 2026 - May 2026 | — |
Drawdown Indicators
| TEMLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.40% | -56.78% | +9.38% |
Max Drawdown (1Y)Largest decline over 1 year | -15.26% | -9.10% | -6.16% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -18.90% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -38.70% | -25.43% | -13.27% |
Max Drawdown (10Y)Largest decline over 10 years | -47.40% | -33.92% | -13.48% |
Current DrawdownCurrent decline from peak | -12.32% | -1.58% | -10.74% |
Average DrawdownAverage peak-to-trough decline | -17.65% | -10.70% | -6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.93% | 2.14% | +2.79% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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