TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX)
The TIAA-CREF Real Estate Securities Fund (TIREX) aims to achieve long-term returns through both capital appreciation and income by primarily investing in the equity securities of companies in the real estate industry. It invests at least 80% of its assets in companies mainly engaged in or related to the real estate industry, including those that own substantial real estate assets. The fund may also allocate up to 15% of its assets to real estate securities of foreign issuers and up to 20% to the equity and debt securities of companies not related to the real estate industry.
Fund Info
| ISIN | US87244W7974 |
|---|---|
| CUSIP | 87244W797 |
| Issuer | TIAA Investments |
| Inception Date | Oct 1, 2002 |
| Category | REIT |
| Min. Investment | $2,000,000 |
| Home Page | www.tiaa.org |
| Asset Class | Real Estate |
Expense Ratio
TIREX features an expense ratio of 0.47%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: TIREX vs. MGLIX, TIREX vs. VNQ, TIREX vs. CSRIX, TIREX vs. FRIFX, TIREX vs. SCHD, TIREX vs. TILGX, TIREX vs. VDIGX, TIREX vs. SCHH, TIREX vs. REET, TIREX vs. VSIAX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in TIAA-CREF Real Estate Securities Fund Institutional Class, 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 Real Estate Securities Fund Institutional Class had a return of 9.68% year-to-date (YTD) and 29.30% in the last 12 months. Over the past 10 years, TIAA-CREF Real Estate Securities Fund Institutional Class had an annualized return of 7.15%, while the S&P 500 had an annualized return of 11.39%, indicating that TIAA-CREF Real Estate Securities Fund Institutional Class did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.68% | 25.45% |
| 1 month | 0.16% | 2.91% |
| 6 months | 16.22% | 14.05% |
| 1 year | 29.30% | 35.64% |
| 5 years (annualized) | 4.67% | 14.13% |
| 10 years (annualized) | 7.15% | 11.39% |
Monthly Returns
The table below presents the monthly returns of TIREX, 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 | -4.54% | 2.38% | 0.95% | -8.99% | 5.54% | 2.44% | 7.31% | 5.76% | 2.18% | -2.74% | 9.68% | ||
| 2023 | 9.83% | -5.52% | -1.59% | 0.79% | -4.05% | 4.93% | 2.12% | -3.14% | -6.50% | -2.90% | 11.07% | 8.52% | 12.16% |
| 2022 | -7.64% | -3.91% | 5.85% | -4.03% | -7.04% | -8.47% | 8.82% | -6.23% | -12.37% | 3.23% | 5.77% | -4.87% | -28.74% |
| 2021 | -0.17% | 3.68% | 4.17% | 7.64% | 1.42% | 2.79% | 3.39% | 1.82% | -5.31% | 7.26% | -0.97% | 8.79% | 39.39% |
| 2020 | 1.97% | -6.33% | -15.87% | 8.02% | 3.00% | 1.88% | 5.18% | 0.24% | -2.65% | -2.81% | 7.35% | 3.85% | 1.29% |
| 2019 | 11.08% | 1.25% | 4.28% | 0.59% | 0.59% | 1.71% | 1.79% | 4.65% | 1.36% | 1.61% | -1.16% | 0.15% | 31.09% |
| 2018 | -2.51% | -6.73% | 4.08% | 0.68% | 2.78% | 3.72% | -0.45% | 3.34% | -2.41% | -2.69% | 4.67% | -7.65% | -4.06% |
| 2017 | 0.00% | 3.95% | -1.16% | 1.11% | 0.78% | 1.85% | 1.64% | 1.12% | -1.30% | 0.88% | 3.10% | -0.16% | 12.33% |
| 2016 | -4.50% | -0.77% | 10.06% | -2.27% | 1.86% | 4.87% | 4.05% | -3.18% | -1.10% | -5.28% | -2.12% | 3.76% | 4.37% |
| 2015 | 5.73% | -1.99% | 1.49% | -5.09% | 0.20% | -4.56% | 6.12% | -5.89% | 2.54% | 5.80% | -0.58% | 1.76% | 4.61% |
| 2014 | 2.85% | 4.51% | 0.46% | 2.73% | 2.73% | 1.21% | -0.14% | 2.92% | -5.29% | 9.85% | 1.87% | 1.98% | 28.13% |
| 2013 | 2.48% | -0.31% | 2.49% | 6.59% | -5.10% | -2.29% | 0.31% | -6.37% | 3.82% | 3.93% | -4.02% | 1.05% | 1.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TIREX is 28, 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 Real Estate Securities Fund Institutional Class (TIREX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
TIAA-CREF Real Estate Securities Fund Institutional Class provided a 2.89% dividend yield over the last twelve months, with an annual payout of $0.55 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.48 | $0.36 | $0.34 | $0.32 | $0.30 | $0.38 | $0.24 | $0.39 | $0.30 | $0.26 | $0.25 |
Dividend yield | 2.89% | 2.72% | 2.19% | 1.41% | 1.80% | 1.68% | 2.60% | 1.55% | 2.63% | 2.00% | 1.69% | 2.02% |
Monthly Dividends
The table displays the monthly dividend distributions for TIAA-CREF Real Estate Securities Fund Institutional Class. 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 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.42 | |
| 2023 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.48 |
| 2022 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.09 | $0.36 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.34 |
| 2020 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.32 |
| 2019 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.30 |
| 2018 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.38 |
| 2017 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.24 |
| 2016 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.14 | $0.39 |
| 2015 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.30 |
| 2014 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.26 |
| 2013 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.25 |
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 Real Estate Securities Fund Institutional Class. 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 Real Estate Securities Fund Institutional Class was 74.18%, occurring on Mar 6, 2009. Recovery took 1027 trading sessions.
The current TIAA-CREF Real Estate Securities Fund Institutional Class drawdown is 12.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -74.18% | Feb 8, 2007 | 521 | Mar 6, 2009 | 1027 | Apr 8, 2013 | 1548 |
| -39.26% | Feb 18, 2020 | 25 | Mar 23, 2020 | 233 | Feb 24, 2021 | 258 |
| -35.67% | Jan 3, 2022 | 456 | Oct 25, 2023 | — | — | — |
| -17.43% | May 22, 2013 | 62 | Aug 19, 2013 | 196 | May 30, 2014 | 258 |
| -17.35% | Dec 30, 2004 | 61 | Mar 29, 2005 | 85 | Jul 28, 2005 | 146 |
Volatility
Volatility Chart
The current TIAA-CREF Real Estate Securities Fund Institutional Class volatility is 5.34%, 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.