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Nuveen International Bond Fund

mutual fund
TIBNX
Payout Change
Pending
Price as of:
$8.72 +0.01 +0.11%
primary theme
N/A
TIBNX (Mutual Fund)

Nuveen International Bond Fund

Payout Change
Pending
Price as of:
$8.72 +0.01 +0.11%
primary theme
N/A
TIBNX (Mutual Fund)

Nuveen International Bond Fund

Payout Change
Pending
Price as of:
$8.72 +0.01 +0.11%
primary theme
N/A

Name

As of 12/10/2024

Price

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

$8.72

$409 M

0.00%

0.73%

Vitals

YTD Return

5.5%

1 yr return

7.9%

3 Yr Avg Return

1.1%

5 Yr Avg Return

0.9%

Net Assets

$409 M

Holdings in Top 10

12.8%

52 WEEK LOW AND HIGH

$8.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.73%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 37.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/10/2024

Price

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

$8.72

$409 M

0.00%

0.73%

TIBNX - Profile

Distributions

  • YTD Total Return 5.5%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.38%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Nuveen International Bond Fund
  • Fund Family Name
    Nuveen Funds
  • Inception Date
    Aug 05, 2016
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Espinosa

Fund Description

Under normal market conditions, the Fund invests at least 80% of its assets in fixed-income investments of foreign issuers and derivative instruments, including those used to manage currency risk. The Fund primarily invests in a broad range of investment-grade sovereign, quasi-sovereign and corporate fixed-income investments. The Fund may also invest in other fixed-income securities, including those of non-investment-grade quality (usually called “high-yield” or “junk bonds”). Securities of non-investment-grade quality are speculative in nature. The Fund does not rely exclusively on rating agencies when making investment decisions. Instead, the Fund’s investment adviser, Teachers Advisors, LLC (“Advisors”), performs its own credit analysis, paying particular attention to economic trends and other market events. Country and individual issuer allocations are then overweighted or underweighted relative to the Fund’s benchmark index, the Bloomberg Global Aggregate ex-USD Index (Hedged) (the “Index”), when Advisors believes that the Fund can take advantage of what appear to be undervalued, overlooked or misunderstood issuers that offer the potential to boost returns above that of the Index. Fund holdings may be denominated in U.S. dollars or non-U.S. dollar currencies, including emerging market currencies. Under normal market conditions, the Fund will seek to hedge to the U.S. dollar approximately 80% of the Fund’s total exposure to investments denominated in currencies other than the U.S. dollar (on a net assets basis). Such hedging is intended to manage the currency risk associated with investment in bonds denominated in currencies other than the U.S. dollar. The Fund may invest in fixed-income securities of any maturity or duration. As of December 31, 2023, the duration of the Index was 7.08 years. “Duration” is a measure of volatility in the price of a bond in response to a change in prevailing interest rates, with a longer duration indicating more volatility. The Fund considers investments of foreign issuers to generally include one or more of the following: (1) companies whose securities are principally traded outside of the United States, (2) companies having their principal business operations outside of the United States, (3) companies organized outside of the United States, and (4) foreign governments and agencies or instrumentalities of foreign governments. For purposes of the 80% investment policy, the term “assets” means net assets, plus the amount of any borrowings for investment purposes.

Derivative instruments, including those used to manage currency risk, are included as assets of the Fund for the purposes of the Fund’s 80% policy.

The Fund may also engage in relative value trading, a strategy in which the Fund reallocates assets across different countries, currencies, sectors and maturities. While this strategy is designed to enhance the Fund’s returns, it may also increase the Fund’s portfolio turnover rate. In addition, an increase in interest rates as well as other factors contributing to market volatility could lead to increased portfolio turnover.

The Fund may purchase and sell futures, options, swaps and other fixed-income derivative instruments to carry out the Fund’s investment strategies. In particular, the Fund may utilize forward currency contracts and currency-related futures contracts and swap agreements to manage currency risk.

The Fund may also seek exposure to Regulation S fixed-income securities through investment in a Cayman Islands exempted company that is wholly owned and controlled by the Fund (the “Regulation S Subsidiary”). Regulation S securities are securities of U.S. and non-U.S. issuers that are issued through private placement offerings without registration with the Securities and Exchange Commission (“SEC”) pursuant to Regulation S under the Securities Act of 1933. The Regulation S Subsidiary is advised by Advisors and has the same investment objective as the Fund. The Regulation S Subsidiary may invest without limitation in Regulation S securities.

The Fund may also seek exposure to certain bonds or fixed-income securities that are sold subject to selling restrictions generally designed to restrict the purchase of such bonds to non-U.S. persons (as defined for applicable U.S. federal income tax purposes) (“TEFRA Bonds”) through investment of up to 25% of its total assets in a separate Cayman Islands exempted company that is wholly owned and controlled by the Fund (the “TEFRA Bond Subsidiary”). The TEFRA Bond Subsidiary is advised by Advisors and has the same investment objective as the Fund. The TEFRA Bond Subsidiary may invest without limitation in TEFRA Bonds.

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TIBNX - Performance

Return Ranking - Trailing

Period TIBNX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% -15.2% -2.4% 35.38%
1 Yr 7.9% -10.4% -2.5% 70.99%
3 Yr 1.1%* -1.2% 4.2% 71.19%
5 Yr 0.9%* -0.1% 3.7% 50.52%
10 Yr N/A* 0.0% 4.6% N/A

* Annualized

Return Ranking - Calendar

Period TIBNX Return Category Return Low Category Return High Rank in Category (%)
2023 8.8% -9.4% -0.6% 53.23%
2022 -20.6% -1.3% 7.0% 94.69%
2021 -4.0% 0.5% 200.9% 69.72%
2020 1.9% -15.5% 3.1% 45.00%
2019 4.3% -0.6% 30.6% 34.62%

Total Return Ranking - Trailing

Period TIBNX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% -15.2% -2.4% 33.08%
1 Yr 7.9% -12.6% -2.5% 58.02%
3 Yr 1.1%* -1.6% 4.2% 63.56%
5 Yr 0.9%* -0.1% 3.7% 45.36%
10 Yr N/A* 0.0% 4.6% N/A

* Annualized

Total Return Ranking - Calendar

Period TIBNX Return Category Return Low Category Return High Rank in Category (%)
2023 9.0% -9.4% -0.6% 53.23%
2022 -11.4% -1.3% 7.0% 94.69%
2021 -2.2% 0.5% 200.9% 69.72%
2020 4.7% -15.5% 3.3% 63.00%
2019 9.9% 0.1% 30.6% 38.46%

NAV & Total Return History


TIBNX - Holdings

Concentration Analysis

TIBNX Category Low Category High TIBNX % Rank
Net Assets 409 M 21.8 M 93.5 B 66.41%
Number of Holdings 459 5 7040 61.36%
Net Assets in Top 10 53.7 M -839 M 6.06 B 43.94%
Weighting of Top 10 12.78% 6.1% 100.0% 83.33%

Top 10 Holdings

  1. China Government Bond 2.06%
  2. Bundesrepublik Deutschland 1.63%
  3. Japan Government Ten Year Bond 1.48%
  4. United States Treasury Bill 1.33%
  5. Korea Treasury Bond 1.21%
  6. Bundesrepublik Deutschland 1.14%
  7. Japan Government Ten Year Bond 1.04%
  8. China Government Bond 1.03%
  9. Japan Government Twenty Year Bond 0.95%
  10. United Kingdom Gilt 0.91%

Asset Allocation

Weighting Return Low Return High TIBNX % Rank
Bonds
95.65% 36.86% 100.73% 19.70%
Cash
4.08% -2.75% 67.17% 67.42%
Convertible Bonds
1.75% 0.00% 14.16% 57.58%
Other
0.27% -8.93% 0.72% 95.45%
Stocks
0.00% 0.00% 0.70% 99.24%
Preferred Stocks
0.00% 0.00% 0.73% 95.45%

Bond Sector Breakdown

Weighting Return Low Return High TIBNX % Rank
Government
64.79% 1.71% 97.31% 12.12%
Corporate
24.66% 0.00% 70.79% 42.42%
Securitized
6.85% 0.00% 29.11% 40.15%
Cash & Equivalents
2.76% 0.00% 51.02% 60.61%
Municipal
0.00% 0.00% 3.10% 97.73%
Derivative
-0.09% 0.00% 50.79% 96.97%

Bond Geographic Breakdown

Weighting Return Low Return High TIBNX % Rank
Non US
85.34% 26.05% 98.85% 22.73%
US
10.31% -11.86% 53.57% 61.36%

TIBNX - Expenses

Operational Fees

TIBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.02% 1.81% 50.00%
Management Fee 0.50% 0.00% 0.83% 62.88%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

TIBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

TIBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

TIBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 2.00% 402.00% 42.34%

TIBNX - Distributions

Dividend Yield Analysis

TIBNX Category Low Category High TIBNX % Rank
Dividend Yield 0.00% 0.00% 2.20% 97.73%

Dividend Distribution Analysis

TIBNX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

TIBNX Category Low Category High TIBNX % Rank
Net Income Ratio 1.38% -0.30% 3.10% 49.62%

Capital Gain Distribution Analysis

TIBNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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TIBNX - Fund Manager Analysis

Managers

John Espinosa


Start Date

Tenure

Tenure Rank

Aug 05, 2016

5.82

5.8%

John Espinosa is Co-Portfolio Manager and Head of Global Sovereign and Emerging Markets Fixed Income Research.

Anupam Damani


Start Date

Tenure

Tenure Rank

Aug 05, 2016

5.82

5.8%

Anupam is a portfolio manager for Nuveen’s global fixed income team and heads the international and emerging markets debt sector team, which selects non-U.S. credit securities for all products. She is the lead portfolio manager of the International Bond strategy and co-portfolio manager of the Emerging Markets Debt strategy and specializes in international sovereign credit, global rates and foreign currency. Anupam is also a member of the Investment Committee, which discusses and debates investment policy for all global fixed income products. Previously, Anupam was the sovereign research analyst for central and Eastern Europe, Middle East and Africa regions, lead emerging markets debt trader and portfolio manager for Eurozone Debt. Before joining the firm in 2005, she was an EMD portfolio manager and trader at Citigroup. Anupam began working in the investment industry in 1995. Anupam was ranked one of the 2018 Top 20 female portfolio managers in the United States by Citywire Professional Buyer magazine. Anupam graduated with a B.A. in Political Science and Economics from Calcutta University in India and an M.B.A. in Financial and Investment Management from Pace University, New York. She holds the CFA designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.12 31.42 5.43 0.92