TIAA-CREF Quant Small/Mid-Cap Equity Fund (TSMWX)
Under normal circumstances, the fund invests at least 80% of its assets in small-cap and mid-cap equity securities. In seeking a favorable long-term total return, it will invest in securities that the fund's investment adviser believes have favorable prospects for significant long-term capital appreciation potential. The fund may purchase foreign equity securities, denominated in U.S. dollars or in non-U.S. dollar currencies, and equity securities issued in connection with reorganizations and other special situations.
Fund Info
| ISIN | US87245P5851 |
|---|---|
| Issuer | TIAA Investments |
| Inception Date | Aug 5, 2016 |
| Category | Small Cap Blend Equities |
| Min. Investment | $2,000,000 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Blend |
Expense Ratio
TSMWX 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: TSMWX vs. IVOG, TSMWX vs. IJR, TSMWX vs. AVUV
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in TIAA-CREF Quant Small/Mid-Cap Equity 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 Quant Small/Mid-Cap Equity Fund had a return of 12.59% year-to-date (YTD) and 23.44% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 12.59% | 18.10% |
| 1 month | 4.06% | 1.42% |
| 6 months | 8.68% | 10.08% |
| 1 year | 23.44% | 26.58% |
| 5 years (annualized) | 13.10% | 13.42% |
| 10 years (annualized) | N/A | 10.87% |
Monthly Returns
The table below presents the monthly returns of TSMWX, 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 | -1.80% | 5.64% | 4.51% | -4.98% | 5.03% | -1.60% | 6.76% | 0.38% | 12.59% | ||||
| 2023 | 8.81% | -1.01% | -3.54% | -2.12% | -1.42% | 9.21% | 5.11% | -2.80% | -4.77% | -5.41% | 9.00% | 10.14% | 20.97% |
| 2022 | -7.17% | 1.06% | 0.70% | -7.10% | -0.15% | -9.38% | 9.77% | -2.87% | -8.39% | 10.00% | 3.77% | -5.67% | -16.46% |
| 2021 | 4.79% | 7.58% | 2.73% | 5.06% | 1.23% | 1.16% | -0.98% | 2.90% | -2.25% | 5.24% | -3.40% | 4.66% | 32.06% |
| 2020 | -2.12% | -8.99% | -22.67% | 14.54% | 7.53% | 3.36% | 3.34% | 3.86% | -2.34% | 1.24% | 16.53% | 6.92% | 15.97% |
| 2019 | 11.79% | 5.81% | -1.27% | 3.68% | -6.44% | 7.05% | 1.24% | -3.01% | 1.34% | 1.74% | 4.31% | 1.52% | 30.01% |
| 2018 | 2.79% | -3.59% | 0.99% | 0.82% | 5.78% | 0.54% | 1.53% | 5.58% | -1.43% | -9.99% | 1.21% | -10.75% | -7.82% |
| 2017 | 1.12% | 2.58% | 0.18% | 0.90% | -1.42% | 2.52% | 1.32% | -0.26% | 4.34% | 3.08% | 3.39% | 0.49% | 19.66% |
| 2016 | 0.10% | -4.27% | 9.45% | 2.21% | 7.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TSMWX is 37, 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 Quant Small/Mid-Cap Equity Fund (TSMWX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
TIAA-CREF Quant Small/Mid-Cap Equity Fund granted a 2.22% dividend yield in the last twelve months. The annual payout for that period amounted to $0.35 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.35 | $0.93 | $3.17 | $0.25 | $0.72 | $1.33 | $0.67 | $0.02 |
Dividend yield | 2.22% | 2.50% | 7.84% | 20.81% | 1.81% | 5.84% | 13.26% | 5.53% | 0.21% |
Monthly Dividends
The table displays the monthly dividend distributions for TIAA-CREF Quant Small/Mid-Cap Equity 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.93 | $0.93 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.17 | $3.17 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.72 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.33 | $1.33 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.67 |
| 2016 | $0.02 | $0.02 |
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 Quant Small/Mid-Cap Equity 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 Quant Small/Mid-Cap Equity Fund was 44.34%, occurring on Mar 18, 2020. Recovery took 169 trading sessions.
The current TIAA-CREF Quant Small/Mid-Cap Equity Fund drawdown is 1.39%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -44.34% | Dec 9, 2019 | 69 | Mar 18, 2020 | 169 | Nov 16, 2020 | 238 |
| -25.87% | Nov 10, 2021 | 220 | Sep 26, 2022 | 346 | Feb 12, 2024 | 566 |
| -24.8% | Aug 30, 2018 | 80 | Dec 24, 2018 | 217 | Nov 4, 2019 | 297 |
| -9.7% | Jan 29, 2018 | 9 | Feb 8, 2018 | 63 | May 10, 2018 | 72 |
| -8.44% | Jul 17, 2024 | 14 | Aug 5, 2024 | — | — | — |
Volatility
Volatility Chart
The current TIAA-CREF Quant Small/Mid-Cap Equity Fund volatility is 5.62%, 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.