TIAA-CREF Short Term Bond Fund (TISIX)
The fund invests at least 80% of its assets in U.S. Treasury and agency securities and investment-grade fixed-income investments with an average maturity or average lives of less than 5 years. It primarily invests in a broad range of investment-grade bonds and fixed-income securities, including, but not limited to, U.S. government securities, corporate bonds and mortgage-backed and other asset-backed securities.
Fund Info
US8863158031
Mar 31, 2006
$2,000,000
Expense Ratio
TISIX has an expense ratio of 0.26%, which is considered low.
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 Short Term 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 Short Term Bond Fund (TISIX) returned 1.60% year-to-date (YTD) and 5.87% over the past 12 months. Over the past 10 years, TISIX returned 2.25% annually, underperforming the S&P 500 benchmark at 10.45%.
TISIX
1.60%
0.30%
2.34%
5.87%
2.46%
2.25%
^GSPC (Benchmark)
-3.77%
3.72%
-5.60%
8.55%
14.11%
10.45%
Monthly Returns
The table below presents the monthly returns of TISIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.10% | 0.87% | 0.72% | 0.30% | -0.39% | 1.60% | |||||||
| 2024 | 0.65% | -0.16% | 0.44% | -0.36% | 0.87% | 0.67% | 1.17% | 0.88% | 0.85% | -0.42% | 0.46% | 0.17% | 5.34% |
| 2023 | 1.14% | -0.38% | 0.82% | 0.51% | -0.20% | -0.20% | 0.52% | 0.33% | -0.08% | 0.13% | 1.39% | 1.33% | 5.42% |
| 2022 | -0.55% | -0.47% | -1.00% | -0.52% | 0.13% | -0.82% | 0.75% | -0.33% | -1.23% | -0.11% | 0.95% | 0.15% | -3.02% |
| 2021 | 0.12% | -0.07% | -0.17% | 0.22% | 0.22% | 0.04% | 0.23% | 0.05% | -0.16% | -0.18% | -0.18% | -0.05% | 0.07% |
| 2020 | 0.79% | 0.78% | -2.29% | 1.17% | 0.84% | 0.72% | 0.43% | 0.35% | 0.04% | 0.04% | 0.42% | 0.22% | 3.52% |
| 2019 | 0.61% | 0.23% | 0.62% | 0.33% | 0.54% | 0.62% | 0.14% | 0.61% | 0.03% | 0.32% | 0.02% | 0.12% | 4.26% |
| 2018 | -0.10% | -0.13% | 0.20% | -0.10% | 0.29% | 0.01% | 0.22% | 0.21% | 0.10% | 0.02% | 0.23% | 0.51% | 1.47% |
| 2017 | 0.23% | 0.31% | 0.16% | 0.27% | 0.23% | -0.06% | 0.33% | 0.25% | 0.06% | 0.06% | -0.11% | 0.07% | 1.82% |
| 2016 | 0.34% | 0.14% | 0.45% | 0.34% | -0.02% | 0.56% | 0.25% | 0.07% | 0.24% | -0.05% | -0.42% | 0.15% | 2.05% |
| 2015 | 0.58% | -0.09% | 0.21% | 0.13% | 0.04% | -0.15% | 0.15% | 0.04% | 0.23% | 0.03% | -0.06% | -0.14% | 0.97% |
| 2014 | 0.40% | 0.21% | -0.08% | 0.20% | 0.31% | 0.12% | -0.18% | 0.20% | -0.18% | 0.19% | 0.20% | -0.47% | 0.93% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 97, TISIX is among the top 3% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for TIAA-CREF Short Term Bond Fund (TISIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
TIAA-CREF Short Term Bond Fund provided a 3.99% dividend yield over the last twelve months, with an annual payout of $0.40 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.43 | $0.35 | $0.26 | $0.18 | $0.21 | $0.28 | $0.23 | $0.19 | $0.19 | $0.16 | $0.14 |
Dividend yield | 3.99% | 4.26% | 3.52% | 2.68% | 1.75% | 2.03% | 2.70% | 2.23% | 1.86% | 1.86% | 1.55% | 1.40% |
Monthly Dividends
The table displays the monthly dividend distributions for TIAA-CREF Short Term 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.04 | $0.07 | $0.00 | $0.00 | $0.11 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2022 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.05 | $0.26 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 | $0.18 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.03 | $0.21 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2017 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2016 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.16 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.14 |
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 Short Term 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 Short Term Bond Fund was 5.01%, occurring on Oct 20, 2022. Recovery took 278 trading sessions.
The current TIAA-CREF Short Term Bond Fund drawdown is 0.39%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.01% | Sep 16, 2021 | 277 | Oct 20, 2022 | 278 | Nov 29, 2023 | 555 |
| -4.66% | Mar 9, 2020 | 13 | Mar 25, 2020 | 67 | Jun 30, 2020 | 80 |
| -2.54% | Jan 24, 2008 | 187 | Oct 20, 2008 | 40 | Dec 16, 2008 | 227 |
| -1.96% | May 3, 2013 | 37 | Jun 25, 2013 | 170 | Feb 27, 2014 | 207 |
| -1.63% | Nov 5, 2010 | 28 | Dec 15, 2010 | 93 | Apr 29, 2011 | 121 |
Volatility
Volatility Chart
The current TIAA-CREF Short Term Bond Fund volatility is 0.54%, 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.