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TIAA-CREF Green Bond Institutional TGRNX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
10.84  /  0.01 %
Total Assets
55.7 Mil
Adj. Expense Ratio
0.450%
Expense Ratio
0.450%
Fee Level
Below Average
Longest Manager Tenure
2.85 years
Category
Intermediate Core-Plus Bond
Credit Quality / Interest Rate Sensitivity
Low / Moderate
Min. Initial Investment
2,000,000
Status
Open
TTM Yield
2.31%
Effective Duration
6.01 years

USD | NAV as of Sep 21, 2021 | 1-Day Return as of Sep 21, 2021, 10:02 PM GMT+00:00

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Morningstar’s Analysis

Will TGRNX outperform in future?

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

Process Pillar

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

People Pillar

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The People Pillar is our evaluation of the TGRNX 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

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

Pure impact investing.

Associate Director

Summary

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TIAA-CREF Green Bond is run by an experienced team with significant environmental, social, and governance expertise. But this mandate is still quite young and tiny, which supports a measured approach. The Institutional share class earns a Morningstar Analyst Rating of Bronze, while the remaining shares are rated Neutral.

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