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Real Estate Securities Fund
mutual fund
TLRSX
Payout Change
Pending
Price as of:
$14.85
-0.23
-1.53%
primary theme
Real Estate Sector Equity
share class
TLRSX (Mutual Fund)
Real Estate Securities Fund
Payout Change
Pending
Price as of:
$14.85
-0.23
-1.53%
primary theme
Real Estate Sector Equity
share class
TLRSX (Mutual Fund)
Real Estate Securities Fund
Payout Change
Pending
Price as of:
$14.85
-0.23
-1.53%
primary theme
Real Estate Sector Equity
share class
Name
As of 12/02/2024Price
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
11.7%
1 yr return
17.6%
3 Yr Avg Return
-1.2%
5 Yr Avg Return
4.9%
Net Assets
$1.58 B
Holdings in Top 10
53.0%
52 WEEK LOW AND HIGH
$15.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.65%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 78.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/02/2024Price
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
TLRSX - Profile
Distributions
- YTD Total Return 11.7%
- 3 Yr Annualized Total Return -1.2%
- 5 Yr Annualized Total Return 4.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.44%
- Dividend Yield 2.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameReal Estate Securities Fund
-
Fund Family NameTIAA-CREF FUNDS COMPLEX
-
Inception DateOct 28, 2002
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Copp
Fund Description
Under normal circumstances, the Fund invests at least 80% of its assets in the securities of companies that are principally engaged in or related to the real estate industry (“real estate securities”), including those that own significant real estate assets, such as real estate investment trusts (“REITs”). The Fund will invest primarily in equity securities of such companies. The Fund is actively managed using a research-oriented process with a focus on cash flows, asset values and Teachers Advisors, LLC’s (“Advisors”) belief in management’s ability to increase shareholder value. The Fund does not invest directly in real estate. The Fund concentrates its investments in the real estate industry. From time to time, the Fund may also invest in debt securities of companies principally engaged in or related to the real estate industry. For purposes of the 80%
investment policy, the term “assets” means net assets, plus the amount of any borrowings for investment purposes.
An issuer is principally “engaged in” or principally “related to” the real estate industry if at least 50% of its assets, gross income or net profits are attributable to ownership, construction, management or sale of residential, commercial or industrial real estate, or to products or services related to the real estate industry. The Fund typically invests in securities issued by equity REITs (which directly own real estate), mortgage REITs (which make short-term construction or real estate development loans or invest in long-term mortgages or mortgage pools), real estate brokers and developers, homebuilders, companies that manage real estate and companies that own substantial amounts of real estate. Businesses related to the real estate industry include manufacturers and distributors of building supplies and financial institutions that make or service mortgage loans.
The Fund also may invest up to 15% of its assets in real estate securities of foreign issuers and up to 20% of its assets in equity (including preferred stock) and debt securities of issuers that are not engaged in or related to the real estate industry. The benchmark index for the Fund is the FTSE Nareit All Equity REITs Index.
TLRSX - Performance
Return Ranking - Trailing
| Period | TLRSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.7% | -5.8% | 22.1% | 55.83% |
| 1 Yr | 17.6% | -7.9% | 31.6% | 65.42% |
| 3 Yr | -1.2%* | -12.1% | 6.1% | 76.89% |
| 5 Yr | 4.9%* | -12.0% | 15.1% | 35.27% |
| 10 Yr | N/A* | -2.0% | 14.3% | 8.88% |
* Annualized
Return Ranking - Calendar
| Period | TLRSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.9% | -16.2% | 24.6% | 40.17% |
| 2022 | -37.1% | -51.3% | 2.5% | 80.25% |
| 2021 | 37.2% | -7.7% | 52.3% | 16.46% |
| 2020 | -6.9% | -42.2% | 35.0% | 32.59% |
| 2019 | 26.7% | 0.0% | 43.1% | 8.29% |
Total Return Ranking - Trailing
| Period | TLRSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.7% | -5.8% | 22.1% | 55.83% |
| 1 Yr | 17.6% | -7.9% | 31.6% | 65.42% |
| 3 Yr | -1.2%* | -12.1% | 6.1% | 76.89% |
| 5 Yr | 4.9%* | -12.0% | 15.1% | 35.27% |
| 10 Yr | N/A* | -2.0% | 14.3% | 9.22% |
* Annualized
Total Return Ranking - Calendar
| Period | TLRSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.0% | -13.7% | 25.0% | 43.51% |
| 2022 | -28.6% | -40.7% | 7.8% | 86.97% |
| 2021 | 39.5% | 7.8% | 54.6% | 62.87% |
| 2020 | 1.3% | -36.6% | 44.3% | 8.48% |
| 2019 | 31.3% | 4.1% | 46.4% | 13.82% |
NAV & Total Return History
TLRSX - Holdings
Concentration Analysis
| TLRSX | Category Low | Category High | TLRSX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.58 B | 2.26 M | 61.4 B | 22.32% |
| Number of Holdings | 40 | 22 | 548 | 49.17% |
| Net Assets in Top 10 | 38.9 M | 1.29 M | 32.8 B | 84.58% |
| Weighting of Top 10 | 52.97% | 13.2% | 82.2% | 62.92% |
Top 10 Holdings
- Prologis, Inc 10.31%
- American Tower Corp 6.33%
- Equinix, Inc 6.04%
- Simon Property Group, Inc 6.02%
- Welltower, Inc 5.52%
- Digital Realty Trust, Inc 4.87%
- AvalonBay Communities, Inc 4.08%
- VICI Properties, Inc 3.99%
- Extra Space Storage, Inc 2.99%
- Public Storage, Inc 2.82%
Asset Allocation
| Weighting | Return Low | Return High | TLRSX % Rank | |
|---|---|---|---|---|
| Stocks | 98.36% | 0.00% | 100.25% | 68.75% |
| Cash | 1.64% | -42.50% | 24.34% | 32.50% |
| Preferred Stocks | 0.00% | 0.00% | 31.13% | 56.67% |
| Other | 0.00% | -82.45% | 106.21% | 57.50% |
| Convertible Bonds | 0.00% | 0.00% | 10.95% | 51.88% |
| Bonds | 0.00% | 0.00% | 149.68% | 54.58% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TLRSX % Rank | |
|---|---|---|---|---|
| Real Estate | 98.37% | 34.46% | 100.00% | 68.86% |
| Technology | 1.63% | 0.00% | 12.02% | 10.53% |
| Utilities | 0.00% | 0.00% | 3.55% | 48.25% |
| Industrials | 0.00% | 0.00% | 7.39% | 53.07% |
| Healthcare | 0.00% | 0.00% | 0.53% | 50.00% |
| Financial Services | 0.00% | 0.00% | 37.05% | 54.39% |
| Energy | 0.00% | 0.00% | 33.11% | 50.00% |
| Communication Services | 0.00% | 0.00% | 11.61% | 56.14% |
| Consumer Defense | 0.00% | 0.00% | 0.93% | 48.25% |
| Consumer Cyclical | 0.00% | 0.00% | 45.29% | 68.42% |
| Basic Materials | 0.00% | 0.00% | 13.69% | 50.44% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TLRSX % Rank | |
|---|---|---|---|---|
| US | 98.36% | 0.00% | 100.25% | 62.92% |
| Non US | 0.00% | 0.00% | 37.90% | 53.75% |
TLRSX - Expenses
Operational Fees
| TLRSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.65% | 0.07% | 8.91% | 84.81% |
| Management Fee | 0.50% | 0.00% | 1.50% | 17.08% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| TLRSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| TLRSX 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.
| TLRSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 78.00% | 0.11% | 380.00% | 75.45% |
TLRSX - Distributions
Dividend Yield Analysis
| TLRSX | Category Low | Category High | TLRSX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.68% | 0.00% | 13.03% | 45.42% |
Dividend Distribution Analysis
| TLRSX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| TLRSX | Category Low | Category High | TLRSX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.44% | -1.14% | 6.05% | 83.12% |
Capital Gain Distribution Analysis
| TLRSX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 20, 2024 | $0.398 | OrdinaryDividend |
| Sep 22, 2023 | $0.344 | OrdinaryDividend |
| Sep 23, 2022 | $0.254 | OrdinaryDividend |
| Sep 23, 2022 | $0.343 | CapitalGainShortTerm |
| Sep 23, 2022 | $1.095 | CapitalGainLongTerm |
| Sep 17, 2021 | $0.261 | OrdinaryDividend |
| Sep 17, 2021 | $0.037 | CapitalGainLongTerm |
| Sep 18, 2020 | $0.344 | OrdinaryDividend |
| Sep 18, 2020 | $0.124 | CapitalGainShortTerm |
| Sep 18, 2020 | $0.705 | CapitalGainLongTerm |
| Sep 20, 2019 | $0.294 | OrdinaryDividend |
| Sep 20, 2019 | $0.267 | CapitalGainLongTerm |
TLRSX - Fund Manager Analysis
Managers
David Copp
Start Date
Tenure
Tenure Rank
Dec 31, 2005
16.42
16.4%
Copp has been with Teachers Advisors, Inc. since 2005. Previous to that, he worked for RBC Capital Markets from 2002 to 2005, and Robertson Stephens from 1999 to 2002.
Brendan Lee
Start Date
Tenure
Tenure Rank
Jul 10, 2006
15.9
15.9%
Lee has been with Teachers Advisors, Inc., TIAA and its affiliates since 2006. Prior to that he worked for Cliffwood Partners, LLC, his employer since 1998.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 28.42 | 8.3 | 16.42 |
