TIAA-CREF Mutual Funds

TIAA-CREF High Yield Fund (Institutional)


Daily NAV


Day's Change


Portfolio Net Assets


Gross / Net Expense Ratio


30 Day
SEC Yield

The fund's 30-day SEC yield is based on yield to maturity of a fund's investments over a 30-day period and not on the dividends paid by the fund, which may differ.

Overall Morningstar Rating

The Overall Morningstar Rating is based on risk-adjusted return, and is a weighted average of the applicable 3-, 5-, and 10-year Ratings.

52 Week Range

0.04 (0.44%)
0.36% / 0.36%
$9.15 - $10.24
As of close 10/02/2015As of 09/30/2015As of 10/01/2015 
As of 08/31/2015
Based on risk adjusted returns


Management Team

Kevin Lorenz, CFAManaging Director, Global Public Markets, Portfolio Management

Kevin Lorenz is managing director and portfolio manager for the TIAA-CREF organization. Mr. Lorenz, a founding member of the high-yield team, is responsible for managing the organization's high-yield portfolios. Previously, he served as a director with the private placements team, investing in both high-grade and high-yield securities. He joined the TIAA-CREF organization in 1987 as a generalist focusing on the private placement market. Mr. Lorenz holds a B.S. in accounting from Rider University and an M.B.A. in finance from Indiana University. He is a member of the New York Society of Security Analysts.

Jean Lin, CFAManaging Director, Global Public Markets

Jean Lin is a Managing Director, portfolio manager and research analyst for the TIAA-CREF organization. Ms. Lin is a co-portfolio manager for the TIAA-CREF High Yield Fund and is also a member of the high-yield team, responsible for covering the cable, telecom, paper and packaging, homebuilding and building materials sectors. She was one of the original members of the high-yield team, which TIAA formed in 1995. Since that time, Ms. Lin has been investing almost exclusively in the high-yield market.Ms. Lin joined TIAA-CREF in 1994 and has 21 years of investment experience. Ms. Lin holds a B.S. in business administration from the State University of New York at Albany and an M.B.A. in finance from New York University. She is a member of the CFA Institute and the New York Society of Securities Analysts.

Our Investment Philosophy

The Fund’s investment philosophy is based on four key tenets:

  • A rigorous credit selection process, where inherent risks are assessed
  • A disciplined approach to credit exposure, with the belief that the anticipated volatility of a business’s cash flow should be inversely correlated to the size of the portfolio’s investment exposure
  • A focus on long-term return and cash-generation potential, rather than periodic price movements
  • A credit-driven sell discipline

The risks that the fund is subject to include market risk, company risk, interest-rate risk, credit risk, income volatility risk, illiquid security risk and foreign investment risks.

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