Kevin Lorenz, TIAA-CREF High-Yield Fund portfolio manager, discussed the value of high-yield bonds for investors on CNBCâs SquawkBox November16 .
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The TIAA-CREF High-Yield Bond Fund invests in non-investment-grade securities that are subject to interest rate and inflation risks, and significantly higher credit risk than investment grade bonds.
Lorenz’s discussion of Lyondell is not a bond recommendation, but simply a discussion of the fund’s holdings as of 9/30/2012.
The holdings information provided above is as of the date indicated, and may not reflect the current holdings of the Fund. The discussion of Fund holdings in this article does not constitute a recommendation to buy or sell securities.