TIAA-CREF Core Impact Bond is backed by a robust team executing an environmental, social, and governance mandate wrapped in a solid relative-value-driven process. The strategy recently moved to the intermediate core bond Morningstar Category, which has led to changes under Morningstar's rating methodology. The cheapest share classes now earn a Morningstar Analyst Rating of Bronze, while the more expensive earn a Neutral rating.
TIAA-CREF Core Impact Bond Instl TSBIX
NAV / 1-Day Return
10.55
/
0.20
%
Total Assets
7.1 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.350%
Expense Ratio
0.350%
Fee Level
Low
Longest Manager Tenure
9.09
years
Category
Intermediate Core Bond
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
2,000,000
Status
Open
TTM Yield
1.66%
Effective Duration
6.42
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will TSBIX 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 TSBIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the TSBIX 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 TSBIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
New category, new ratings, same admirable team and process.
