TIAA-CREF Green Bond Fund (TGRNX)
Under normal circumstances, the fund invests at least 80% of its assets in bonds. For these purposes, bonds include fixed-income securities of all types. Generally, the fund's advisor intends to invest in bonds issued by both domestic and foreign issuers; including foreign issuers from emerging market countries. While the fund's investments will generally be denominated in U.S. dollars, the fund may also invest in non-dollar denominated instruments.
Fund Info
ISIN | US87249N8838 |
---|---|
Issuer | TIAA Investments |
Inception Date | Nov 16, 2018 |
Category | Intermediate Core-Plus Bond |
Min. Investment | $2,000,000 |
Asset Class | Bond |
Expense Ratio
TGRNX features an expense ratio of 0.45%, falling within the medium range.
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 Green Bond 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 Green Bond Fund had a return of 4.94% year-to-date (YTD) and 10.54% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 4.94% | 17.79% |
1 month | 1.57% | 0.18% |
6 months | 5.22% | 7.53% |
1 year | 10.54% | 26.42% |
5 years (annualized) | 1.53% | 13.48% |
10 years (annualized) | N/A | 10.85% |
Monthly Returns
The table below presents the monthly returns of TGRNX, 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 | 0.36% | -0.84% | 0.81% | -2.13% | 1.51% | 0.71% | 1.82% | 1.36% | 4.94% | ||||
2023 | 3.12% | -1.96% | 2.10% | 0.56% | -0.99% | -0.45% | 0.22% | -0.32% | -1.67% | -1.02% | 3.73% | 3.17% | 6.45% |
2022 | -2.07% | -1.34% | -2.46% | -3.50% | -0.06% | -1.85% | 2.18% | -1.94% | -4.12% | -1.04% | 3.16% | -0.46% | -12.92% |
2021 | -0.18% | -1.43% | -1.12% | 0.95% | 0.49% | 0.74% | 1.02% | -0.07% | -0.74% | -0.19% | 0.11% | 0.28% | -0.17% |
2020 | 2.53% | 1.54% | -6.27% | 4.64% | 1.19% | 1.43% | 2.07% | -0.32% | -0.08% | -0.43% | 1.76% | 2.24% | 10.38% |
2019 | 0.97% | 0.57% | 1.67% | 0.38% | 1.32% | 1.32% | 0.55% | 2.16% | -0.43% | 0.35% | -0.10% | -0.14% | 8.93% |
2018 | -0.08% | 1.51% | 1.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TGRNX is 61, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for TIAA-CREF Green Bond Fund (TGRNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
TIAA-CREF Green Bond Fund granted a 4.23% dividend yield in the last twelve months. The annual payout for that period amounted to $0.39 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
---|---|---|---|---|---|---|---|
Dividend | $0.39 | $0.36 | $0.30 | $0.34 | $0.64 | $0.44 | $0.04 |
Dividend yield | 4.23% | 3.96% | 3.31% | 3.19% | 5.83% | 4.18% | 0.43% |
Monthly Dividends
The table displays the monthly dividend distributions for TIAA-CREF Green Bond 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 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.27 | |||
2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.30 |
2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.11 | $0.34 |
2020 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.37 | $0.64 |
2019 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.12 | $0.44 |
2018 | $0.01 | $0.03 | $0.04 |
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 Green Bond 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 Green Bond Fund was 17.06%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current TIAA-CREF Green Bond Fund drawdown is 3.57%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-17.06% | Aug 3, 2021 | 309 | Oct 21, 2022 | — | — | — |
-11.76% | Mar 9, 2020 | 12 | Mar 24, 2020 | 72 | Jul 7, 2020 | 84 |
-3.16% | Jan 5, 2021 | 51 | Mar 18, 2021 | 77 | Jul 8, 2021 | 128 |
-1.94% | Sep 5, 2019 | 7 | Sep 13, 2019 | 15 | Oct 4, 2019 | 22 |
-1.6% | Oct 7, 2019 | 25 | Nov 8, 2019 | 19 | Dec 6, 2019 | 44 |
Volatility
Volatility Chart
The current TIAA-CREF Green Bond Fund volatility is 0.85%, 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.