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Win big on casino slots
With that said, how to win money at casino slots which the fund invested in because of the risk weighted return, and the risk and other aspects of gambles were covered at a later time.
(I also wrote about these casino gambling fund investments back in 2001.)
In any case, to summarize the fund’s performance, in just over one quarter of a year the fund had returned a profit of $9.45 million, or an average return of 27.78%. And, from September 1, 2016 to September 1, 2017, the fund managed to return a profit of $18.7 million or an average of 23.3%.
The fund paid out $27.2 million in distributions last year. Of those, $4.6 million were distributed to the investors at the beginning of June. Since late September, these funds investors were given the opportunity to withdraw their cash from their accounts and the fund is expecting more to come in this year.
The funds annual expenses were around $3.5 million, but most of that was used to cover the fund’s expenses.
This year, the fund has retained its managers, and since they are not the only fund investors at TIAA-CREF and not the only ones that can withdraw their funds, it is likely that a substantial amount of money is coming out this year as well.
So, after three years and $27.3 million in investments, when will this year’s returns come? In an email exchange, TIAA-CREF says that a $1 million investment will be split, with $4.6 million going to a few TIAA-CREF shareholders that purchased shares back in 2016-17 and the rest, or the remaining $1 million, will be distributed over the course of three years to investors for a total return of $4.6 million.
Here is a snapshot of the portfolio holdings (see here):
It is a very impressive portfolio. In fact, this year’s portfolio is almost three times the portfolio’s holdings when TIAA-CREF was started in 2011. Here are some highlights (see here), taken from page 12 of the TIAA-CREF annual report:
Cumulative distribution of 6.4% yields $12.3 million
Cumulative distribution of 6.8% yields $15.1 million
Cumulative distribution of 6.9% yields $10.6 million
A combined 7.1% returns since inception
Since 2011, the fund has returned a long list of impressive numbers
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