Investment objective & strategy
As of July 28, 2025 · prospectusObjective. The Fund seeks current income.
Strategy. Under normal circumstances, the Fund invests at least 80% of its assets in U.S. Treasury and agency securities and investment-grade fixed-income investments with an average maturity or average lives of less than 5 years. The Fund 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 and mortgage-backed and other asset-backed securities. The Fund may also invest in other fixed-income securities, including those of non-investment-grade quality (usually called high-yield or junk bonds). Securities of non-investment-grade quality are speculative in nature. The Fund may also invest in securities having a variable or floating interest rate. The Fund may overweight or underweight individual securities or sectors as compared to their … Under normal circumstances, the Fund invests at least 80% of its assets in U.S. Treasury and agency securities and investment-grade fixed-income investments with an average maturity or average lives of less than 5 years. The Fund 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 and mortgage-backed and other asset-backed securities. The Fund may also invest in other fixed-income securities, including those of non-investment-grade quality (usually called high-yield or junk bonds). Securities of non-investment-grade quality are speculative in nature. The Fund may also invest in securities having a variable or floating interest rate. The Fund may overweight or underweight individual securities or sectors as compared to their weight in the Funds benchmark index for a variety of reasons, such as when the Funds investment adviser, Teachers Advisors, LLC (Advisors), chooses sectors or issuers that it believes offer the potential for superior returns. For purposes of the 80% investment policy, the term assets means net assets, plus the amount of any borrowings for investment purposes. As of May 31, 2025, the duration of the Funds benchmark index, the Bloomberg U.S. 13 Year Government/Credit Bond Index, was 1.79 years. Although the Fund may invest in fixed-income securities of any maturity, the duration of the Funds portfolio typically ranges between one and three years. The Fund also has a policy of maintaining a dollar weighted average maturity of portfolio holdings of no more than three years. The Fund can make foreign investments, including investments in emerging market countries and non-dollar-denominated instruments, but the Fund does not expect such investments to exceed 25% of its assets under most circumstances. The Fund may purchase and sell futures, options, swaps, forwards and other fixed-income derivative instruments to carry out the Funds investment strategies. In particular, the Fund may purchase and sell interest rate futures to attempt to manage duration and/or certain risks.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| WHEAT SEP 26 | WU6 | $165.96M | 9.47% |
| US TREASURY N/B | — | $130.94M | 7.47% |
| US TREASURY N/B | — | $73.76M | 4.21% |
| US TREASURY N/B | — | $68.34M | 3.90% |
| US TREASURY N/B | — | $62.52M | 3.57% |
| US TREASURY N/B | — | $59.72M | 3.41% |
| US TREASURY N/B | — | $40.47M | 2.31% |
| BANK OF AMER CRP | — | $25.19M | 1.44% |
| CITIBANK NA | — | $24.10M | 1.38% |
| Sequoia Mortgage Trust 2026-1 | — | $22.29M | 1.27% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| LoCorr Macro Strategies Fund · LFMAX, LFMCX, LFMIX | 12% | 1.88% |
| LoCorr Long/Short Commodities Strategy Fund · LCSAX, LCSCX, LCSIX | 12% | 2.12% |
| LoCorr Market Trend Fund · LOTAX, LOTCX, LOTIX | 12% | 1.77% |
Advisers
| Firm | Role |
|---|---|
| Teachers Advisors, LLC | Adviser |
Footnotes
- Expense ratio as of July 28, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.