TIAA-CREF Short Duration Impact Bond Fund (TSDJX)
Under normal circumstances, the fund invests at least 80% of its assets in fixed-income investments with average maturities or average lives of less than 5 years. The fund 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
| ISIN | US87249N8341 |
|---|---|
| Issuer | TIAA Investments |
| Inception Date | Nov 16, 2018 |
| Category | Short-Term Bond |
| Min. Investment | $2,000,000 |
| Asset Class | Bond |
Expense Ratio
TSDJX features an expense ratio of 0.35%, 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 Short Duration Impact 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 Duration Impact Bond Fund had a return of 4.57% year-to-date (YTD) and 7.97% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.57% | 17.79% |
| 1 month | 0.99% | 0.18% |
| 6 months | 4.10% | 7.53% |
| 1 year | 7.97% | 26.42% |
| 5 years (annualized) | 2.55% | 13.48% |
| 10 years (annualized) | N/A | 10.85% |
Monthly Returns
The table below presents the monthly returns of TSDJX, 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 | 0.60% | -0.14% | 0.50% | -0.30% | 0.82% | 0.60% | 1.12% | 0.78% | 4.57% | ||||
| 2023 | 1.47% | -0.65% | 1.28% | 0.22% | -0.10% | -0.41% | 0.36% | 0.37% | -0.05% | 0.27% | 1.23% | 1.44% | 5.55% |
| 2022 | -0.67% | -0.57% | -1.27% | -0.68% | 0.05% | -0.75% | 0.51% | -0.41% | -0.80% | -0.16% | 0.81% | -0.21% | -4.08% |
| 2021 | 0.24% | -0.16% | -0.06% | 0.22% | 0.23% | -0.07% | 0.32% | 0.03% | -0.08% | -0.27% | -0.08% | 0.38% | 0.70% |
| 2020 | 0.91% | 0.78% | -3.77% | 2.74% | 0.79% | 0.98% | 0.77% | 0.37% | 0.07% | 0.06% | 0.54% | 1.23% | 5.50% |
| 2019 | 0.56% | 0.35% | 0.80% | 0.45% | 0.54% | 0.74% | 0.24% | 0.73% | 0.05% | 0.22% | 0.12% | 0.14% | 5.07% |
| 2018 | -0.19% | 0.46% | 0.27% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of TSDJX is 95, placing it in the top 5% 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for TIAA-CREF Short Duration Impact Bond Fund (TSDJX) 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 Duration Impact Bond Fund granted a 4.55% dividend yield in the last twelve months. The annual payout for that period amounted to $0.44 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.39 | $0.23 | $0.25 | $0.40 | $0.35 | $0.04 |
Dividend yield | 4.55% | 4.10% | 2.39% | 2.48% | 3.86% | 3.45% | 0.37% |
Monthly Dividends
The table displays the monthly dividend distributions for TIAA-CREF Short Duration Impact 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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.30 | |||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.39 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.23 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 | $0.25 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 | $0.40 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.07 | $0.35 |
| 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 Short Duration Impact 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 Duration Impact Bond Fund was 6.31%, occurring on Mar 25, 2020. Recovery took 59 trading sessions.
The current TIAA-CREF Short Duration Impact Bond Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.31% | Mar 6, 2020 | 14 | Mar 25, 2020 | 59 | Jun 18, 2020 | 73 |
| -5.15% | Sep 16, 2021 | 277 | Oct 20, 2022 | 281 | Dec 1, 2023 | 558 |
| -0.83% | Feb 2, 2024 | 8 | Feb 13, 2024 | 31 | Mar 28, 2024 | 39 |
| -0.73% | Apr 5, 2024 | 8 | Apr 16, 2024 | 13 | May 3, 2024 | 21 |
| -0.59% | Dec 9, 2019 | 4 | Dec 12, 2019 | 22 | Jan 15, 2020 | 26 |
Volatility
Volatility Chart
The current TIAA-CREF Short Duration Impact Bond Fund volatility is 0.41%, 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.