- ISIN
- US87245M2695
- Issuer
- TIAA Investments
- Inception Date
- Aug 30, 2010
- Category
- Emerging Markets Diversified
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- 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 26.4% since the beginning of the year. TEMLX is currently trading at $13 per share. Investors who bought $1,000 worth of TEMLX shares 5 years ago would now be looking at an investment worth $1,234.
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Returns By Period
TIAA-CREF Emerging Markets Equity Fund (TEMLX) has returned 26.44% so far this year and 58.51% over the past 12 months. Over the last ten years, TEMLX has returned 9.39% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
TIAA-CREF Emerging Markets Equity Fund
- 1D
- 1.65%
- 1M
- 11.39%
- YTD
- 26.44%
- 6M
- 29.48%
- 1Y
- 58.51%
- 3Y*
- 22.23%
- 5Y*
- 4.29%
- 10Y*
- 9.39%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
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 +0.49%. At this rate, an investment would double in approximately 11.8 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% | 4.37% | 26.44% | ||||||
| 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% | -7.13% | 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% | 1.87% | -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 -4.99%, beta of 0.84, and R2 of 0.58 versus S&P 500 Index. Calculated based on daily prices since January 04, 2011.
- This fund participated in 105.71% of S&P 500 Index downside but only 70.73% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -4.99% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -4.99%
- Beta
- 0.84
- R²
- 0.58
- Upside Capture
- 70.73%
- Downside Capture
- 105.71%
Expense Ratio
TEMLX has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TEMLX ranks 85 for risk / return — in the top 85% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by 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.
| TEMLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.41 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 2.93 | +1.22 |
| Martin ratioReturn relative to average drawdown | 16.13 | 13.52 | +2.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
TIAA-CREF Emerging Markets Equity Fund provided a 2.73% 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 | 2.73% | 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 | ||||||
| 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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -47.40%Oct 2022 | 1y 8mo | 3y 3mo | 4y 11moFeb 2021 - Jan 2026 |
COVID crash2020 | -37.82%Mar 2020 | 2y 1mo | 7mo 17d | 2y 9moJan 2018 - Nov 2020 |
2016 bear market2016 | -35.80%Feb 2016 | 4y 9mo | 1y 5mo | 6y 2moMay 2011 - Jul 2017 |
2026 correction2026 | -14.26%Mar 2026 | 1mo 2d | 1mo 6d | 2mo 8dFeb 2026 - May 2026 |
2011 pullback2011 | -7.54%Mar 2011 | 2mo 10d | 16d | 2mo 26dJan 2011 - Apr 2011 |
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 | -14.26% | -9.10% | -5.16% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -18.90% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -45.15% | -25.43% | -19.72% |
Max Drawdown (10Y)Largest decline over 10 years | -47.40% | -33.92% | -13.48% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -17.75% | -10.72% | -7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 1.97% | +1.68% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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