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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Core Bond Account
mutual fund
QCBMRX
Payout Change
None
Price as of:
$132.3373
-0.49
-0.37%
primary theme
U.S. Intermediate-Term Bond Duration
share class
QCBMRX (Mutual Fund)
Core Bond Account
Payout Change
None
Price as of:
$132.3373
-0.49
-0.37%
primary theme
U.S. Intermediate-Term Bond Duration
share class
QCBMRX (Mutual Fund)
Core Bond Account
Payout Change
None
Price as of:
$132.3373
-0.49
-0.37%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Name
As of 12/13/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
2.9%
1 yr return
3.3%
3 Yr Avg Return
-1.9%
5 Yr Avg Return
0.0%
Net Assets
$11.3 B
Holdings in Top 10
20.5%
52 WEEK LOW AND HIGH
$132.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.41%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 207.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/13/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
QCBMRX - Profile
Distributions
- YTD Total Return 2.9%
- 3 Yr Annualized Total Return -1.9%
- 5 Yr Annualized Total Return 0.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.87%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameCore Bond Account
-
Fund Family NameTIAA-CREF FUNDS COMPLEX
-
Inception DateNov 18, 2013
-
Shares OutstandingN/A
-
Share ClassR1
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Cerra
Fund Description
QCBMRX - Performance
Return Ranking - Trailing
| Period | QCBMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.9% | -4.6% | 11.7% | 49.43% |
| 1 Yr | 3.3% | -2.4% | 15.0% | 49.64% |
| 3 Yr | -1.9%* | -10.0% | 28.5% | 33.76% |
| 5 Yr | 0.0%* | -7.2% | 58.8% | 53.40% |
| 10 Yr | 1.6%* | -2.8% | 74.0% | 44.54% |
* Annualized
Return Ranking - Calendar
| Period | QCBMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.1% | -16.2% | 8.1% | 1.35% |
| 2022 | -13.3% | -34.7% | 131.9% | 7.34% |
| 2021 | -1.4% | -11.6% | 4.4% | 2.45% |
| 2020 | 7.7% | -9.9% | 946.1% | 9.44% |
| 2019 | 8.8% | -1.7% | 16.9% | 0.72% |
Total Return Ranking - Trailing
| Period | QCBMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.9% | -4.6% | 11.7% | 49.43% |
| 1 Yr | 3.3% | -2.4% | 15.0% | 49.64% |
| 3 Yr | -1.9%* | -10.0% | 28.5% | 33.76% |
| 5 Yr | 0.0%* | -7.2% | 58.8% | 53.40% |
| 10 Yr | 1.6%* | -2.8% | 74.0% | 44.54% |
* Annualized
Total Return Ranking - Calendar
| Period | QCBMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.1% | -11.3% | 11.9% | 48.34% |
| 2022 | -13.3% | -32.2% | 131.9% | 42.02% |
| 2021 | -1.4% | -9.4% | 9.2% | 66.63% |
| 2020 | 7.7% | -1.9% | 1009.0% | 66.17% |
| 2019 | 8.8% | 1.1% | 21668.0% | 51.98% |
NAV & Total Return History
QCBMRX - Holdings
Concentration Analysis
| QCBMRX | Category Low | Category High | QCBMRX % Rank | |
|---|---|---|---|---|
| Net Assets | 11.3 B | 2.9 M | 314 B | 16.58% |
| Number of Holdings | 1839 | 1 | 17880 | 22.43% |
| Net Assets in Top 10 | 2.33 B | 1.62 M | 35.1 B | 16.93% |
| Weighting of Top 10 | 20.54% | 4.7% | 3984.6% | 61.42% |
Top 10 Holdings
- US 5YR NOTE (CBT) Dec24 4.78%
- United States Treasury Note 4.60%
- United States Treasury Note 2.24%
- US 10YR NOTE (CBT)Dec24 1.96%
- United States Treasury Note 1.54%
- Bank of New York Mellon 1.24%
- Federal National Mortgage Association (FNMA) 1.10%
- Federal National Mortgage Association (FNMA) 1.08%
- United States Treasury Bill 1.01%
- Federal National Mortgage Association (FNMA) 1.00%
Asset Allocation
| Weighting | Return Low | Return High | QCBMRX % Rank | |
|---|---|---|---|---|
| Bonds | 90.05% | 0.00% | 9231.88% | 72.23% |
| Other | 13.39% | -27.25% | 1695.17% | 16.72% |
| Cash | 2.57% | -54.51% | 237.69% | 54.41% |
| Convertible Bonds | 1.39% | 0.00% | 7.93% | 52.72% |
| Preferred Stocks | 0.04% | 0.00% | 72.34% | 21.81% |
| Stocks | 0.00% | 0.00% | 99.98% | 93.78% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | QCBMRX % Rank | |
|---|---|---|---|---|
| Securitized | 35.85% | 0.00% | 98.40% | 31.28% |
| Corporate | 35.40% | 0.00% | 100.00% | 33.16% |
| Government | 17.81% | 0.00% | 86.23% | 69.14% |
| Derivative | 6.53% | -6.56% | 44.82% | 3.84% |
| Cash & Equivalents | 2.57% | 0.00% | 237.69% | 52.34% |
| Municipal | 2.57% | 0.00% | 100.00% | 12.66% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | QCBMRX % Rank | |
|---|---|---|---|---|
| US | 87.96% | 0.00% | 9042.62% | 71.96% |
| Non US | 2.09% | 0.00% | 189.26% | 20.04% |
QCBMRX - Expenses
Operational Fees
| QCBMRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.41% | 0.01% | 39.64% | 82.55% |
| Management Fee | 0.07% | 0.00% | 1.76% | 4.83% |
| 12b-1 Fee | 0.10% | 0.00% | 1.00% | 15.75% |
| Administrative Fee | 0.28% | 0.01% | 0.50% | 94.69% |
Sales Fees
| QCBMRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| QCBMRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| QCBMRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 207.00% | 2.00% | 493.39% | 70.87% |
QCBMRX - Distributions
Dividend Yield Analysis
| QCBMRX | Category Low | Category High | QCBMRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 10.11% | 100.00% |
Dividend Distribution Analysis
| QCBMRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| QCBMRX | Category Low | Category High | QCBMRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.87% | -1.28% | 4.79% | 39.32% |
Capital Gain Distribution Analysis
| QCBMRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
QCBMRX - Fund Manager Analysis
Managers
John Cerra
Start Date
Tenure
Tenure Rank
Dec 31, 2003
18.43
18.4%
John is a portfolio manager for Nuveen’s global fixed income team. He is the lead portfolio manager for the Short-Term Bond and Inflation- Linked Bond strategies. He is also a member of the Investment Committee, which establishes investment policy for all global fixed income products. Since joining the firm in 1985, John has held several positions including managing the public asset-backed securities team and U.S. dollar-based derivative investment portfolio. He also served as an investment officer of the public markets structured finance team and bond group. In addition, John worked as a quantitative fixed income investment analyst. John graduated with a B.A. in Economics from Fordham University and an M.B.A. in Finance from Rutgers University’s Graduate School of Management.
Joseph Higgins
Start Date
Tenure
Tenure Rank
Aug 24, 2011
10.78
10.8%
Joseph is a portfolio manager for Nuveen’s global fixed income team. He is the lead portfolio manager responsible for the TIAA Bond strategy and a member of the Investment Committee, which establishes investment policy for all global fixed income products. Since joining the firm in 1995, he has held a variety of positions. He has managed structured credit investments and was an investment grade portfolio manager. In addition, he has served as director of private placements, international bank analyst, international investment grade portfolio manager and co-head of corporate credit research. Joseph initiated the first securitization and co-developed the first collateralized debt obligation (CDO) for TIAA. Prior to joining the firm, he was a certified public accountant with PricewaterhouseCoopers. Joseph graduated with a B.S., magna cum laude, in Accounting with a minor in Economics from The State University of New York at Albany and an M.B.A. from The Wharton School of the University of Pennsylvania with dual concentrations in Finance and Marketing. He holds the CFA designation and he is a member of the New York State Society of Securities Analysts and the CFA Institute. He was also a founding member of the User Advisory Council of the Financial Accounting Standards Board (FASB).
Jason O'Brien
Start Date
Tenure
Tenure Rank
Aug 17, 2020
1.79
1.8%
Jason is a portfolio manager for Nuveen’s global fixed income team. He is the lead manager of the Nuveen Core and Public Funds strategies and is also a portfolio manager of the Short Duration Multi-Sector strategy. Previously, he oversaw the securitized debt sector team and is a member of the global fixed income strategy committee. He began working in the investment industry in 1993 when he joined the firm. Jason graduated with a B.A. in Finance from the University of St. Thomas. He holds the CFA® designation and is a member of the CFA® Institute and the CFA® Society of Minnesota.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 33.43 | 6.77 | 1.16 |
