College Retirement Equities Fund - Responsible Balanced Account
College Retirement Equities Fund · Series S000005086 · 4 share classes
data updated 2026-09-08
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 Q2
| Stocks | 60.41% |
| Bonds | 26.42% |
| Securitized | 12.56% |
| Cash & short-term | 0.20% |
| 2 smaller | 0.07% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: United States Treasury Note/Bond ×6, United States Treasury Note/Bond - When Issued, AstraZeneca PLC
Largest exited: United States Treasury Note/Bond ×7, WELL
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +16.51% | +39.54% | +33.50% | 8.50% | -7.53% | |
| +16.63% | +40.07% | +34.43% | 8.49% | -7.50% | |
| +16.67% | +40.30% | +34.80% | 8.49% | -7.48% | |
| +16.83% | +40.93% | — | 8.49% | -7.44% |
These classes hold the same portfolio, so the 1.39pp spread over 3 years is the cost difference between them — roughly 0.46pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are 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 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 90.3% |
| Floating rate | 9.7% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 2.0% |
| 1-3y | 13.3% |
| 3-5y | 12.8% |
| 5-10y | 20.4% |
| 10y+ | 50.6% |
| Unknown | 1.0% |
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 2026Q2
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.
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.
| Credit spreads | 50% |
| Interest rates | 50% |
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.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +2.23 yr |
| High yield | +0.09 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.10 yr | 4% |
| 5 yr | 0.38 yr | 17% |
| 10 yr | 0.77 yr | 34% |
| 30 yr | 1.03 yr | 45% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.11 yr | 5% |
| 5 yr | 0.39 yr | 17% |
| 10 yr | 0.79 yr | 34% |
| 30 yr | 1.02 yr | 44% |
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
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $4.6k | $3.2k |
| 1 yr | +0.10 | +0.10 | +0.01 | $215.5k | $21.0k |
| 5 yr | +0.38 | +0.37 | +0.03 | $791.2k | $60.4k |
| 10 yr | +0.77 | +0.77 | +0.02 | $1.66m | $49.5k |
| 30 yr | +1.03 | +0.99 | +0.03 | $2.15m | $69.4k |
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
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA CorpNVDA | 3.63% | $200.09 | $786.32M | 3.9M |
| GOOGL | Alphabet IncGOOGL | 1.67% | $357.37 | $360.58M | 1.0M |
| GOOG | Alphabet IncGOOG | 1.42% | $353.33 | $306.74M | 868.1K |
| — | United States Treasury Note/Bond4.38% · due 2036-05-15 | 1.39% | — | $300.55M | — |
| — | United States Treasury Note/Bond4.13% · due 2028-06-30 | 1.39% | — | $300.35M | — |
| AVGO | Broadcom IncAVGO | 1.38% | $377.75 | $298.75M | 790.9K |
| — | United States Treasury Note/Bond4.13% · due 2031-06-30 | 1.18% | — | $256.27M | — |
| — | United States Treasury Note/Bond - When Issued4.25% · due 2033-06-30 | 1.18% | — | $254.77M | — |
| — | United States Treasury Note/Bond5.00% · due 2046-05-15 | 1.14% | — | $246.56M | — |
| JPM | JPMorgan Chase & CoJPM | 0.96% | $327.33 | $209.12M | 638.9K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 15.32% of net assets, top 25 27.35%, across 950 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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