Mutual fund
TIAA-CREF Social Choice Low Carbon Equity Fund
Ticker TNWCXsocially responsible
Fund manager
TIAA Investments/Nuveen
Prison industrial complex grade: One or more holdings were flagged as higher risk by our prison industrial complex screen, making up less than 1% of the portfolio. Assigned a grade of C.
C
$138.31 MILLION
Prison industrial complex
19
flagged holdings
13%
of assets flagged
Data as of 5/31/22
Flagged investments:
$138.31 MILLION, 13% of assets
Higher risk:
$3.22 MILLION, 0.29% of assets
 Private prison operators:
$0, 0% of assets
For each prison industrial complex category, click to see the breakdown of flagged holdings.
Prison industry
Prison industry
Incarceration and detention facilities, services in facilities, supervision and monitoring
10
holdings
$91.75M
invested
8.34%
of portfolio
Border industry
Border industry
Incarceration and detention facilities, immigrant monitoring and surveillance, militarization of the U.S.-Mexico border
16
holdings
$122.93M
invested
11%
of portfolio
All flagged holdings
19 holdings
19 holdings
  • 1.  Microsoft Corp
    Prison industryBorder industry
    $59.07M
    5.37%
  • 2.  Thermo Fisher Scientific Inc
    Border industry
    $10.78M
    0.98%
  • 3.  Accenture PLC Class A
    Border industry
    $10.2M
    0.93%
  • 4.  International Business Machines Corp
    Border industry
    $8.52M
    0.77%
  • 5.  Elevance Health Inc
    Prison industry
    $8.42M
    0.77%
Higher risk
Private prison operator
See all
TIAA-CREF Social Choice Low Carbon Equity Fund $TNWCX has $138.31 MILLION invested in 19 companies involved in the prison industrial complex, amounting to 13% of fund assets
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Financial performance
Performance data provided byMorningstarFind more financial data on TNWCX at Morningstar.com
Current fund
TNWCX
TIAA-CREF Social Choice Low Carbon Equity Fund
Family
TIAA Investments/Nuveen
Category
Large Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 7/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 5-yr returns 
-0.75% less in annualized returns
Same in private prison operators 
Both 0% invested
More invested in higher risk companies, prison industry 
0.11% more invested
Less invested in higher risk companies, border industry 
1.17% less invested
Less invested in higher risk companies 
1.17% less invested
Less invested in all screened prison industry companies 
7.87% less invested
Less invested in all screened border industry companies 
9.51% less invested
Less invested in all screened companies 
11.61% less invested
Current fund
TNWCX
TIAA-CREF Social Choice Low Carbon Equity Fund
Family
TIAA Investments/Nuveen
Category
Large Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 7/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 5-yr returns 
-0.75% less in annualized returns
Same in private prison operators 
Both 0% invested
More invested in higher risk companies, prison industry 
0.11% more invested
Less invested in higher risk companies, border industry 
1.17% less invested
Less invested in higher risk companies 
1.17% less invested
Less invested in all screened prison industry companies 
7.87% less invested
Less invested in all screened border industry companies 
9.51% less invested
Less invested in all screened companies 
11.61% less invested
Current fund
TNWCX
TIAA-CREF Social Choice Low Carbon Equity Fund
Family
TIAA Investments/Nuveen
Category
Large Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 7/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 5-yr returns 
-0.75% less in annualized returns
Same in private prison operators 
Both 0% invested
More invested in higher risk companies, prison industry 
0.11% more invested
Less invested in higher risk companies, border industry 
1.17% less invested
Less invested in higher risk companies 
1.17% less invested
Less invested in all screened prison industry companies 
7.87% less invested
Less invested in all screened border industry companies 
9.51% less invested
Less invested in all screened companies 
11.61% less invested
Month-end trailing returns  
Annualized returns
Flagged investments
1-yr
3-yr
5-yr
10-yr
Private prison operators
This fund
TNWCX - TIAA-CREF Social Choice Low Carbon Equity Fund
-9.11%
13%
12%
/
0% 
Benchmark
IVV - iShares Core S&P 500 ETF
-4.67%
13%
13%
14%
0% 
Fund compared to benchmark
 
-4.44%
-0.44%
-0.75%
/
Same
Find more financial data on TNWCX at Morningstar.com
What's next?
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Action toolkit
Ask your employer about adding prison industrial complex-free options to your retirement plan
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Visit Fossil Free Funds to see this fund's exposure to fossil fuel companies and companies with high carbon footprints
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