Nuveen Inflation Linked Bond Fund
TIAA-CREF Funds · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Nuveen Inflation Linked 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 · 2026 Q2
The Fund seeks to provide inflation protection and income, primarily through investment in inflation-linked bonds.
The fund invests at least 80% of assets in inflation-indexed bonds, primarily U.S. Treasury Inflation-Protected Securities, which adjust principal and interest payments based on the Consumer Price Index. The fund tracks the Bloomberg U.S. Treasury Inflation Protected Securities 1-10 Year Index. Up to 20% of assets may be allocated to foreign inflation-indexed bonds and money market instruments, with no more than 5% in below-investment-grade securities.
| Share class | Gross | Net |
|---|---|---|
| TIILX | 0.25% | 0.25% |
| TCILX | 0.59% | 0.59% |
| TIKRX | 0.50% | 0.50% |
| TIKPX | 0.41% | 0.41% |
| TIIHX | 0.40% | 0.40% |
| TIIWX | 0.25% | 0.00% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 27.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 97.80% |
| Securitized | 1.44% |
| Derivatives | 1.16% |
| Cash & short-term | 0.33% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
New: United States Treasury Inflation Indexed Bonds, Chicago Board of Trade, TSY INFL IX N/B, The Bank of New York Mellon Corp
Largest exited: Chicago Board of Trade ×3, MONTEFIORE MEDICAL CENT, The Bank of New York Mellon Corp, TSY INFL IX N/B ×2, STATE STR NAVIGATOR SECS L TR
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 |
|---|---|---|---|---|---|
| +3.99% | +13.49% | +13.04% | 2.22% | -2.66% | |
| +3.70% | +12.47% | +11.33% | 2.20% | -2.78% | |
| +3.69% | +12.63% | +11.68% | 2.26% | -2.83% | |
| +3.83% | +13.02% | +12.17% | 2.27% | -2.69% | |
| +3.87% | +13.06% | +12.42% | 2.22% | -2.74% | |
| +4.25% | +14.28% | +14.40% | 2.22% | -2.58% |
These classes hold the same portfolio, so the 3.07pp spread over 5 years is the cost difference between them — roughly 0.61pp 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 | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.5% |
| 1-3y | 30.5% |
| 3-5y | 28.3% |
| 5-10y | 38.1% |
| 10y+ | 1.5% |
Based on what filers reported; a filer that never reported a flag also reads as none.
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 | 59% |
| Interest rates | 41% |
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 | +4.38 yr |
| High yield | +0.00 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 | 0.05 yr | 2% |
| 1 yr | 0.36 yr | 12% |
| 5 yr | 1.47 yr | 49% |
| 10 yr | 1.11 yr | 37% |
| 30 yr | 0.02 yr | 1% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.69 yr | 16% |
| 5 yr | 2.19 yr | 50% |
| 10 yr | 1.47 yr | 34% |
| 30 yr | 0.02 yr | 0% |
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 | +0.05 | +0.00 | +0.00 | $1.3k | $0 |
| 1 yr | +0.36 | +0.69 | +0.00 | $220.6k | $23 |
| 5 yr | +1.47 | +2.19 | +0.00 | $705.4k | $1 |
| 10 yr | +1.11 | +1.47 | +0.00 | $472.8k | $0 |
| 30 yr | +0.02 | +0.02 | +0.00 | $7.0k | $0 |
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 | Value | Shares |
|---|---|---|---|---|
| — | United States Treasury Inflation Indexed Bonds1.75% · due 2034-01-15 | 5.40% | $173.65M | — |
| — | United States Treasury Inflation Indexed Bonds1.63% · due 2030-04-15 | 5.32% | $170.93M | — |
| — | TSY INFL IX N/B1.25% · due 2028-04-15 | 5.12% | $164.62M | — |
| — | United States Treasury Inflation Indexed Bonds2.13% · due 2035-01-15 | 4.98% | $160.12M | — |
| — | TSY INFL IX N/B0.13% · due 2031-01-15 | 4.32% | $138.67M | — |
| — | United States Treasury Inflation Indexed Bonds2.13% · due 2029-04-15 | 4.27% | $137.17M | — |
| — | United States Treasury Inflation Indexed Bonds1.13% · due 2030-10-15 | 4.23% | $135.93M | — |
| — | TSY INFL IX N/B0.13% · due 2031-07-15 | 4.17% | $133.92M | — |
| — | United States Treasury Inflation Indexed Bonds1.88% · due 2035-07-15 | 4.15% | $133.40M | — |
| — | United States Treasury Inflation Indexed Bonds1.88% · due 2034-07-15 | 4.00% | $128.54M | — |
Top 10 positions are 45.96% of net assets, top 25 88.36%, across 6 issuers.
See more of this fund's book
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