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Morningstar

TIAA-CREF Bond Index Retail TBILX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 9.80  /  0.73 %
  • Total Assets 20.3 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.420%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 2.23%
  • Effective Duration 6.19 years

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:27 PM GMT+00:00

Morningstar’s Analysis TBILX

Will TBILX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TBILX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the TBILX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of TBILX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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A strong Process Pillar rating isn't sufficient for TIAA-CREF Bond Index Retail to overcome lower marks in Parent and other areas. This strategy retains its Morningstar Quantitative Rating of Neutral. The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

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