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Performance Analysis of the TIAA-CREF Equity Index Retail Fund

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The fund’s performance

The TIAA-CREF Equity Index Retail Fund (TINRX) returned 10.3% monthly for the period ending October 29, 2015. However, the fund fell 2.9% for the month of September. Also, the return for the third quarter ending September fell by 7.3%. The benchmark for the fund is the Russell 3000 Index. The fund returned -0.8% for a one-year period ended September while the Russell 3000 Index returned -0.5% in the same period. The fund has returned 12.9% for the five years ending September 2015. Meanwhile, the return of the TINRX fund since its inception was 4.36% as of September 2015.

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Performance of top holdings

The top ten holdings of the TINRX fund for September 2015 include Apple (AAPL), making up 3% of the fund’s net assets. Apple’s stock fell by 2.2% in September 2015. Meanwhile, ExxonMobil (XOM), with a portfolio weight of 1.4%, fell by 1.2%. Also, Berkshire Hathaway (BRK), with a portfolio weight of 1.1% of net assets, fell by 3.6% in September. JPMorgan Chase (JPM), forming 1.1% of net assets, fell by 4.9% as of September. Amazon.com (AMZN), with a portfolio weight of 0.9% of net assets, fell by 0.2% in September 2015.

The fund is invested in equity, fixed income, real estate, and alternative assets. The fund has less exposure to energy companies that its benchmark, the Russell 3000. The fund has a 6.2% investment in the energy sector, as compared to its benchmark’s 7.2% invested in the energy sector, as of September 2015. As such, the fund is less impacted by the price for Brent crude relative to the Russell 3000 Index.

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