College Retirement Equities Fund - Responsible Balanced Account

College Retirement Equities Fund · Series S000005086 · 4 share classes

Equity fund · 59% stocks· rate + credit risk filed
One fund, 4 share classes:QCSCRXQCSCPXQCSCIXQSCCFX
$20.53B NAV
1,554 positions · as of 2026-03-31 · filed 2026-05-28
data updated 2026-08-17

Fund profile

This fund files no prospectus profile. Unit investment trusts and closed-end funds register on forms that carry no objective or fee tagging, and some fund families file without it — a gap in what was filed, not a fund without an objective or without fees.

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

99.73%
of net assets
Stocks59.00%
Bonds27.06%
Securitized12.79%
Cash & short-term0.80%
2 smaller0.07%

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

2026Q1 vs 2025Q4: 130 new128 exited

Largest new: GOOG, United States Treasury Note/Bond ×5, COST, TSLA

Largest exited: MSFT, United States Treasury Note/Bond ×7

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

Share class1-year3-year5-yearVolWorst fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-03-31

Avg coupon
4.25%
Avg maturity
14.64 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

9%
floating
Fixed rate90.6%
Floating rate9.4%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1yUnknown
<1y2.2%
1-3y13.9%
3-5y12.4%
5-10y20.8%
10y+49.7%
Unknown1.0%
Flagged holdings
Defaulted: 0.00% · $0.01M · 4 positions
In arrears: 3.22% · $264.28M · 27 positions
Paid in kind: none reported

These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q1

More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.

Interest-rate duration
2.34 yr
approx. move per 100bp
Credit-spread duration
2.40 yr
approx. move per 100bp
If rates and spreads both rise 100bp

Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.

≈ -4.5%
of value
Credit spreads51%
Interest rates49%

Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.

Credit risk by quality

Share of the fund's spread duration carried by each credit tier.

+2.40
yrs total
Investment grade+2.29 yr
High yield+0.11 yr
Where the risk sits on the curve

Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.

Interest rate2.34 yr total
3 mo30 yr
3 mo0.00 yr0%
1 yr0.11 yr5%
5 yr0.39 yr16%
10 yr0.77 yr33%
30 yr1.08 yr46%
Credit spread2.40 yr total
3 mo30 yr
3 mo0.00 yr0%
1 yr0.12 yr5%
5 yr0.40 yr16%
10 yr0.80 yr33%
30 yr1.09 yr45%

The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.

Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/bp
3 mo+0.00+0.00+0.00$4.0k$3.7k
1 yr+0.11+0.11+0.01$217.9k$20.3k
5 yr+0.39+0.36+0.03$749.3k$63.5k
10 yr+0.77+0.77+0.03$1.58m$55.8k
30 yr+1.08+1.05+0.04$2.16m$72.9k

Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA CorpNVDA3.54%$727.54M
United States Treasury Note/Bond4.13% · due 2036-02-151.64%$337.66M
Alphabet IncGOOGL1.46%$300.55M
United States Treasury Note/Bond3.88% · due 2028-03-311.40%$287.98M
Alphabet IncGOOG1.22%$250.46M
Broadcom IncAVGO1.03%$211.45M
The Procter & Gamble CoPG0.98%$201.92M
JPMorgan Chase & CoJPM0.95%$195.19M
United States Treasury Note/Bond4.25% · due 2033-03-310.95%$194.72M
United States Treasury Note/Bond4.63% · due 2055-11-150.90%$184.78M
Showing 10 of 1,554Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-03-31 — not a live quote, and not what the fund paid.

Top 10 positions are 14.09% of net assets, top 25 24.50%, across 960 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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