Asset Management

The High Yield investment strategy seeks high current income and, when consistent with its primary objective, capital appreciation through investment in fixed-income securities rated below investment grade. The TIAA-CREF team believes the attractiveness of high-yield securities comes from income returns, rather than from short-term price movements.

The High Yield investment team employs a fundamental research approach that focuses on looking at individual companies' historical cash flows, particularly over a variety of different industries and credit cycles. The strategy’s credit exposure is carefully managed through a rigorous analysis of borrowers and their ongoing cash flow characteristics. To further help reduce risk, the TIAA-CREF team also seeks to primarily invest in established companies with predictable cash flows.

Related Professionals

Kevin Lorenz

Kevin Lorenz 

CFA, Managing Director,
Global Public Markets

Jean Lin

Jean C. Lin

CFA, Managing Director,
Global Public Markets

C49887