Fund Evaluator:
Nuveen Core Bond R (TIDRX)
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Best Performing in Intermediate Core-Plus Bond Over the Last Year
| 4.1% | Diamond Hill Core Plus Bond Y (DHNYX) |
| 3.9% | Diamond Hill Core Plus Bond I (DHNIX) |
| 3.7% | Diamond Hill Core Plus Bond Investor (DHNAX) |
| 3.5% | Weitz Core Plus Income Investor (WCPNX) |
| 3.4% | Nuveen Core Plus Bond I (TCBHX) |
Fund Details
Nuveen Core Bond R Overview
Nuveen Core Bond R (TIDRX) is an actively managed Taxable Bond Intermediate Core-Plus Bond fund. Nuveen launched the fund in 2006.
The investment seeks total return, primarily through current income. The fund invests at least 80% of its assets in bonds. For these purposes, bonds include fixed-income securities of all types. It primarily invests in a broad range of investment-grade bonds and fixed-income securities, including, but not limited to, U.S. government securities, corporate bonds, mortgage-backed and other asset-backed securities, convertible and preferred securities, senior loans and loan participations and assignments and notes. The fund may also invest in other fixed-income securities, including those of non-investment-grade quality.
About Nuveen Core Bond R (TIDRX)
There are 3 members of the management team with an average tenure of 8.30 years: Peter Agrimson (2023), Joseph Higgins (2011), Jason O'Brien (2019). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Nuveen Core Bond R has 1914 securities in its portfolio. The top 10 holdings constitute 15.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Nuveen Core Bond R is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Nuveen Core Bond R has 9.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 1.4% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 96.6% (87.1% domestic bond, 9.5% foreign bond and 0.2% convertible bond). Nuveen Core Bond R has 1.8% of the portfolio in cash.
Assets Under Management
The fund has $130 million in total assets, which is below the $1 billion average for the Intermediate Core-Plus Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TIDRX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Nuveen Core Bond R expense ratio is average compared to funds in the Intermediate Core-Plus Bond category. Nuveen Core Bond R has an expense ratio of 0.53%, which is 32% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Nuveen Core Bond R has a portfolio turnover rate of 113%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 181% for the Intermediate Core-Plus Bond category.
Recently, in the month of July 2026, Nuveen Core Bond R returned -1.2%, which earned it a grade of B, as the Intermediate Core-Plus Bond category had an average return of -1.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Nuveen Core Bond R has a trailing yield of 4.29%, which is below the 4.36% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Nuveen Core Bond R Grades
Year to date, the fund has returned -0.3%, 0.3 percentage points better than the category, which translates into a grade of B. The fund has returned 3.0% over the past year (grade of B), 4.1% over the past three years (grade of C) and -0.2% per year over the past five years (grade of C) and 1.6% per year over the past 10 years (grade of D).
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TIDRX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TIDRX Return (NAV) | -1.2% | -0.6% | 3.0% | 4.1% | -0.2% | 1.6% |
| TIDRX Grade | B | B | B | C | C | D |
| +/- Category | 0.1% | 0.1% | 0.3% | -0.0% | -0.0% | -0.2% |
| Intermediate Core-Plus Bond Avg | -1.3% | -0.7% | 2.7% | 4.2% | -0.2% | 1.8% |
| TIDRX Tax Cost Ratio | na | na | 1.7% | 1.7% | 1.4% | 1.3% |
TIDRX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TIDRX Return (NAV) | -0.3% | 7.0% | 2.3% | 6.2% | -13.4% | -1.2% | 7.7% | 9.1% | -0.7% | 4.2% | 3.9% |
| TIDRX Grade | B | D | C | C | C | D | D | C | B | C | C |
| +/- Category | 0.3% | -0.3% | 0.1% | 0.0% | -0.0% | -0.6% | -0.9% | -0.1% | 0.3% | -0.3% | -0.4% |
| Intermediate Core-Plus Bond Avg | -0.6% | 7.3% | 2.3% | 6.1% | -13.4% | -0.6% | 8.6% | 9.1% | -0.9% | 4.4% | 4.3% |
| Risk Measures | |
| Standard Deviation: | 5.6% |
| Total Risk Index: | 0.45 - Low |
| Category Risk Index: | 0.99 - Below Average |
| Category Risk Grade: | B (37% Rank) |
| Beta: | 0.98 |
| R-Squared: | 99% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 4.3% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $10669 Mil |
| Fund Total Assets: | $ 130 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 113% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 15.0 years | |||
| Average Tenure: 8.3 years | |||
| Managers (Year): Higgins Joseph (2011), O'Brien Jason (2019), Agrimson Peter (2023) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 1914 |
| % in Top 10 Holdings: | 15.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 9.5% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 1.4% |
| Domestic Bond: | 87.1% |
| Foreign Bond: | 9.5% |
| Convertible Bond: | 0.2% |
| Other: | 0.0% |
| Cash: | 1.8% |
Purchase Information
| Fund Family: | Nuveen |
| Phone Number: | 800-257-8787 |
| Website: | www.tiaa.org |
| Status: | Open |
| Inception Date: | March 31, 2006 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.53% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.78% |
| Share Class: | Nuveen Core Bond R6 |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
