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 has a high expense ratio of 0.47%, indicating higher-than-average management fees.
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 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 -6.55% year-to-date (YTD) and 3.27% in the last 12 months. Over the past 10 years, TIAA-CREF Real Estate Securities Fund Institutional Class had an annualized return of 6.38%, while the S&P 500 had an annualized return of 10.67%, indicating that TIAA-CREF Real Estate Securities Fund Institutional Class did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -6.55% | 9.49% |
| 1 month | -0.37% | 1.20% |
| 6 months | 9.15% | 18.29% |
| 1 year | 3.27% | 26.44% |
| 5 years (annualized) | 3.21% | 12.64% |
| 10 years (annualized) | 6.38% | 10.67% |
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% | -6.55% | ||||||||
| 2023 | 9.83% | -5.51% | -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% | 0.77% | 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% | 28.12% |
| 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 7, indicating that it is in the bottom 7% 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.
TIREX (TIAA-CREF Real Estate Securities Fund Institutional Class)
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 granted a 3.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.49 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.48 | $0.83 | $0.73 | $0.32 | $1.10 | $0.51 | $1.20 | $0.62 | $0.95 | $0.51 | $0.45 |
Dividend yield | 3.00% | 2.71% | 5.13% | 3.07% | 1.80% | 6.18% | 3.54% | 7.73% | 4.16% | 6.38% | 3.37% | 3.65% |
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 | $0.13 | |||||||
| 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 | $0.57 | $0.83 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.49 | $0.73 |
| 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 | $0.90 | $1.10 |
| 2018 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.27 | $0.51 |
| 2017 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $1.04 | $1.20 |
| 2016 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.37 | $0.62 |
| 2015 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.76 | $0.95 |
| 2014 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.33 | $0.51 |
| 2013 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.27 | $0.45 |
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 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 25.31%.
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 4.90%, 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.