Nuveen Core Plus Bond Fund
TIAA-CREF Funds · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Nuveen Core Plus Bond Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2025 Q3
The Fund seeks total return, primarily through current income.
The fund invests at least 70% of assets in investment-grade bonds across corporate, Treasury, agency, mortgage-backed and asset-backed securities, with up to 30% in higher-yielding fixed-income securities including non-investment-grade bonds, emerging market debt, convertibles, preferred stock and senior loans. The fund may employ mortgage rolls, relative value trading across sectors and maturities, and derivatives to enhance returns. Because the fund's returns depend on the Advisor's ability to predict mortgage prepayments and interest rates correctly when executing mortgage rolls, performance of this strategy is uncertain. Foreign investments, including emerging market exposure, are capped at 25% of assets under most circumstances.
| Share class | Gross | Net |
|---|---|---|
| TCBPX | 0.66% | 0.66% |
| TCBRX | 0.55% | 0.55% |
| TIBFX | 0.30% | 0.30% |
| TBPPX | 0.45% | 0.45% |
| TCBHX | 0.38% | 0.38% |
| TCBWX | 0.30% | 0.00% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 84.00% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 56.55% |
| Securitized | 38.04% |
| Derivatives | 4.05% |
| Loans | 2.78% |
| 2 smaller | 2.44% |
Look-through blends 2 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Securitized | 35.3% |
| Government | 19.5% |
| Other | 15.9% |
| International | 8.4% |
| 12 smaller | 20.9% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: Chicago Board of Trade, United States Treasury Note/Bond ×7
Largest exited: Chicago Board of Trade, United States Treasury Note/Bond ×5, BROADCOM INC, Freddie Mac - STACR
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 |
|---|---|---|---|---|---|
| +4.40% | +13.22% | +2.61% | 3.43% | -5.41% | |
| +4.49% | +13.49% | +2.91% | 3.29% | -5.26% | |
| +4.75% | +14.34% | +4.18% | 3.30% | -5.15% | |
| +4.59% | +13.82% | +3.49% | 3.44% | -5.33% | |
| +4.67% | +14.06% | +3.87% | 3.42% | -5.29% | |
| +5.05% | +15.36% | +5.74% | 3.29% | -5.01% |
These classes hold the same portfolio, so the 3.12pp spread over 5 years is the cost difference between them — roughly 0.62pp 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 | 82.7% |
| Floating rate | 17.3% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.9% |
| 1-3y | 6.7% |
| 3-5y | 12.7% |
| 5-10y | 20.6% |
| 10y+ | 55.7% |
| Unknown | 3.4% |
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 | +4.81 yr |
| High yield | +0.72 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 | 0.18 yr | 3% |
| 1 yr | 0.18 yr | 3% |
| 5 yr | 0.89 yr | 16% |
| 10 yr | 1.67 yr | 30% |
| 30 yr | 2.60 yr | 47% |
| 3 mo | 0.03 yr | 1% |
| 1 yr | 0.21 yr | 4% |
| 5 yr | 0.99 yr | 18% |
| 10 yr | 1.75 yr | 32% |
| 30 yr | 2.54 yr | 46% |
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 | +0.18 | +0.02 | +0.01 | $9.5k | $6.2k |
| 1 yr | +0.18 | +0.14 | +0.07 | $65.1k | $29.5k |
| 5 yr | +0.89 | +0.64 | +0.35 | $290.8k | $158.1k |
| 10 yr | +1.67 | +1.57 | +0.18 | $709.9k | $81.2k |
| 30 yr | +2.60 | +2.43 | +0.11 | $1.09m | $49.6k |
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 |
|---|---|---|---|---|---|
| — | United States Treasury Note/Bond4.13% · due 2044-08-15 | 4.23% | — | $190.96M | — |
| — | Chicago Board of Trade | 4.00% | — | $180.37M | — |
| — | US TREASURY N/B2.25% · due 2052-02-15 | 1.80% | — | $81.35M | — |
| — | United States Treasury Note/Bond3.75% · due 2031-01-31 | 1.74% | — | $78.63M | — |
| — | United States Treasury Note/Bond4.13% · due 2029-06-15 | 1.63% | — | $73.60M | — |
| — | Nuveen Securitized Income ETF | 1.33% | $25.26 | $60.04M | 2.4M |
| — | Fannie Mae4.50% · due 2052-09-01 | 1.24% | — | $56.05M | — |
| — | United States Treasury Note/Bond4.63% · due 2055-11-15 | 1.16% | — | $52.34M | — |
| — | Nuveen Ultra Short Income ETF | 1.11% | $25.26 | $50.09M | 2.0M |
| — | United States Treasury Note/Bond4.13% · due 2033-04-30 | 1.01% | — | $45.47M | — |
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 19.25% of net assets, top 25 29.11%, across 899 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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