TIAA-CREF Short-Term Bond Index Fund (TNSHX)
The fund invests at least 80% of its assets in bonds within its benchmark and portfolio tracking index, the Bloomberg Barclays U.S. 1-3 Year Government/Credit Bond Index. It uses a sampling technique to create a portfolio that closely matches the overall investment characteristics of the index (for example, duration, sector diversification and credit quality) without investing in all of the securities in the index.
Fund Info
US87245R4332
Aug 7, 2015
$10,000,000
Expense Ratio
TNSHX has an expense ratio of 0.09%, which is considered low.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
TIAA-CREF Short-Term Bond Index Fund (TNSHX) returned 1.77% year-to-date (YTD) and 6.01% over the past 12 months.
TNSHX
1.77%
-0.16%
2.52%
6.01%
3.11%
1.48%
N/A
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of TNSHX, 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 | -0.00% | 0.79% | 0.82% | 0.77% | -0.62% | 1.77% | |||||||
| 2024 | 0.45% | -0.40% | 0.36% | -0.28% | 0.69% | 0.57% | 1.21% | 0.89% | 0.88% | -0.56% | 0.26% | 0.27% | 4.41% |
| 2023 | 1.02% | -0.74% | 1.51% | 0.35% | -0.37% | -0.36% | 0.39% | 0.40% | -0.12% | 0.32% | 1.17% | 1.18% | 4.82% |
| 2022 | -0.76% | -0.46% | -1.27% | -0.55% | 0.59% | -0.74% | 0.51% | -0.72% | -1.23% | -0.17% | 0.80% | 0.00% | -3.96% |
| 2021 | 0.08% | -0.13% | -0.04% | 0.06% | 0.15% | -0.15% | 0.15% | -0.05% | -0.06% | -0.36% | -0.07% | 0.25% | -0.16% |
| 2020 | 0.57% | 0.76% | 0.36% | 0.65% | 0.35% | 0.14% | 0.23% | 0.02% | -0.08% | 0.10% | 0.09% | 0.29% | 3.54% |
| 2019 | 0.40% | 0.09% | 0.71% | 0.20% | 0.71% | 0.50% | 0.00% | 0.70% | -0.01% | 0.29% | -0.02% | 0.28% | 3.89% |
| 2018 | -0.27% | -0.07% | 0.14% | -0.15% | 0.36% | 0.06% | 0.05% | 0.11% | -0.02% | 0.09% | 0.30% | 0.72% | 1.32% |
| 2017 | 0.19% | 0.19% | -0.00% | 0.20% | 0.10% | -0.00% | 0.21% | 0.21% | -0.19% | 0.02% | -0.28% | 0.03% | 0.69% |
| 2016 | 0.47% | 0.08% | 0.38% | 0.08% | -0.12% | 0.58% | 0.08% | -0.22% | 0.18% | -0.12% | -0.41% | -0.01% | 0.97% |
| 2015 | 0.05% | 0.27% | -0.04% | -0.23% | -0.13% | -0.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, TNSHX is among the top 4% 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 Index Fund (TNSHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
TIAA-CREF Short-Term Bond Index Fund provided a 4.36% dividend yield over the last twelve months, with an annual payout of $0.42 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.41 | $0.31 | $0.11 | $0.14 | $0.21 | $0.23 | $0.18 | $0.13 | $0.10 | $0.03 |
Dividend yield | 4.36% | 4.30% | 3.23% | 1.19% | 1.44% | 2.09% | 2.29% | 1.81% | 1.30% | 0.97% | 0.32% |
Monthly Dividends
The table displays the monthly dividend distributions for TIAA-CREF Short-Term Bond Index 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 | $0.03 | $0.00 | $0.14 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.41 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.11 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.14 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 | $0.21 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 |
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 Short-Term Bond Index 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 Index Fund was 5.43%, occurring on Oct 20, 2022. Recovery took 298 trading sessions.
The current TIAA-CREF Short-Term Bond Index Fund drawdown is 0.62%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.43% | Jun 14, 2021 | 343 | Oct 20, 2022 | 298 | Dec 27, 2023 | 641 |
| -1.38% | Mar 10, 2020 | 8 | Mar 19, 2020 | 15 | Apr 9, 2020 | 23 |
| -1.02% | Sep 11, 2017 | 154 | Apr 20, 2018 | 156 | Nov 30, 2018 | 310 |
| -0.98% | Oct 3, 2024 | 37 | Nov 22, 2024 | 41 | Jan 27, 2025 | 78 |
| -0.89% | Jul 8, 2016 | 112 | Dec 14, 2016 | 105 | May 17, 2017 | 217 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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