Tiaa-Cref Real Estate Securities Fund - Institutional Class
Introduction
Tiaa-Cref Real Estate Securities Fund - Institutional Class is a mutual fund that invests in real estate securities of publicly traded companies. It is managed by TIAA-CREF Investment Management, LLC, which is a subsidiary of Teachers Insurance and Annuity Association of America (TIAA). The fund has been in existence since 1997 and has a track record of providing attractive returns to its investors.
Investment Objective
The investment objective of the Tiaa-Cref Real Estate Securities Fund - Institutional Class is to achieve a high level of total return through a combination of capital appreciation and current income. The fund invests primarily in equity securities of real estate investment trusts (REITs) and other companies in the real estate industry.
Investment Strategy
The Tiaa-Cref Real Estate Securities Fund - Institutional Class invests in a diversified portfolio of real estate securities. The fund's investment strategy is to identify companies with strong fundamentals, including high-quality management teams, solid balance sheets, and attractive growth prospects. The fund's investment team conducts fundamental research on each company in its investment universe and uses a bottom-up approach to construct the portfolio.
Portfolio Composition
The Tiaa-Cref Real Estate Securities Fund - Institutional Class invests primarily in equity securities of real estate investment trusts (REITs) and other companies in the real estate industry. The fund's portfolio is diversified across different property types, such as residential, office, retail, and industrial. The fund's top holdings include Simon Property Group, Prologis, American Tower, and Equinix.
Performance
The Tiaa-Cref Real Estate Securities Fund - Institutional Class has a track record of providing attractive returns to its investors. As of June 30, 2021, the fund's total return for the year-to-date was 16.44%, and its three-year annualized return was 8.92%. The fund's performance has been driven by the strong performance of the real estate sector and the fund's focus on high-quality companies with attractive growth prospects.
Risks
Investing in the Tiaa-Cref Real Estate Securities Fund - Institutional Class involves risks, including the risk that the value of the fund's investments may decline due to various factors, such as changes in economic conditions, interest rates, and real estate market conditions. The fund is also subject to risks associated with investing in REITs and other real estate companies, such as changes in real estate market conditions and the risk that a company's financial performance may be adversely affected by factors specific to the company or the real estate industry.
Fees and Expenses
The Tiaa-Cref Real Estate Securities Fund - Institutional Class has an expense ratio of 0.77%, which is lower than the average expense ratio for real estate mutual funds. The fund also has no sales load or redemption fee. However, investors should be aware that there may be other fees associated with investing in the fund, such as brokerage commissions and fees charged by the investor's financial advisor.
Investor Eligibility
The Tiaa-Cref Real Estate Securities Fund - Institutional Class is available to institutional investors, such as pension funds, endowments, and foundations. Individual investors may be able to invest in the fund indirectly through their financial advisor or brokerage firm. The minimum initial investment for the fund is $100,000.
Conclusion
The Tiaa-Cref Real Estate Securities Fund - Institutional Class is a mutual fund that invests in real estate securities of publicly traded companies. The fund has a track record of providing attractive returns to its investors and has a diversified portfolio of high-quality companies in the real estate industry. Investors should be aware of the risks associated with investing in the fund and should consult with their financial advisor before making any investment decisions.