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Morningstar

TIAA-CREF Green Bond Institutional TGRNX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 9.26  /  0.54 %
  • Total Assets 143.2 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,000,000
  • Status Open
  • TTM Yield 3.18%
  • Effective Duration 5.41 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 TGRNX

Will TGRNX 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 TGRNX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

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

Analyst

Summary

| by Chiayi Tsui

TIAA-CREF Green Bond is run by a robust and experienced team with significant environmental, social, and governance expertise. But this mandate remains small and has a short track record, 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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