TFIIX - TIAA-CREF Enh Intl Eq Idx Inst

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TIAA-CREF Enh Intl Eq Idx Inst (TFIIX)
Expense Ratio: 0.53%
Expected Lifetime Fees: $16,574.71

The TIAA-CREF Enh Intl Eq Idx Inst fund (TFIIX) is a Foreign Large Blend fund started on 11/30/2007 and has $613.50 million in assets under management. The current manager has been running TIAA-CREF Enh Intl Eq Idx Inst since 12/23/2007. The fund is rated by Morningstar. This fund does not charge 12b-1 fees.

MarketRiders Prefers The Following ETF

iShares MSCI EAFE Index (EFA)
Expense Ratio: 0.34%
Expected Lifetime Fees: $10,846.80

The iShares MSCI EAFE Index (EFA) is an Exchange Traded Fund. It is a "basket" of securities that index the Foreign Large Blend investment strategy and is an alternative to a Foreign Large Blend mutual fund. Fees are very low compared to a comparable mutual fund like TIAA-CREF Enh Intl Eq Idx Inst because computers automatically manage the stocks.

The Following Foreign Large Blend Funds Have Lower Fees Than TIAA-CREF Enh Intl Eq Idx Inst (TFIIX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
American Beacon Intl Eq Index Inst AIIIX 6.0% 316 0.24%
American Funds EuroPacific Gr R6 RERGX 24.0% 89,800 0.50%
BlackRock International Index Instl MAIIX 6.0% 222 0.35%
DFA Large Cap International I DFALX 3.0% 1,700 0.30%
DFA T.A. World ex US Core Equity Instl DFTWX 5.0% 1,100 0.48%
DWS EAFE Equity Index Inst BTAEX 6.0% 222 0.50%
Fidelity Spartan International Index Inv FSIIX 9.0% 7,600 0.20%
Fidelity Spartan Intl Idx Advtg FSIVX 9.0% 7,600 0.12%
Northern International Equity Index NOINX 30.6% 1,500 0.25%
Schwab International Index SWISX 10.0% 1,200 0.19%
T. Rowe Price International Eq Index PIEQX 30.0% 330 0.50%
TIAA-CREF International Eq Idx Instl TCIEX 6.0% 2,800 0.09%
Vanguard Developed Markets Index Instl VIDMX 5.0% 10,400 0.08%
Vanguard Developed Markets Index Inv VDMIX 5.0% 10,400 0.20%
Vanguard FTSE All-World ex-US Index Inst VFWSX 6.0% 12,000 0.13%
Vanguard FTSE All-World ex-US Index Inv VFWIX 6.0% 12,000 0.35%
Vanguard Tax-Managed Intl Adm VTMGX 5.0% 9,100 0.12%
Vanguard Tax-Managed Intl Instl VTMNX 5.0% 9,100 0.08%
Vanguard Total International Stock Index Fund Institutional Shares VTSNX 3.0% 63,100 0.13%
Vanguard Total International Stock Index Fund Signal Shares VTSGX 3.0% 63,100 0.18%
Vanguard Total Intl Stock Index Inv VGTSX 3.0% 63,100 0.22%

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Why Are These Metrics Important?

Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.