TIAA-CREF Featured in Reuters


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The TIAA-CREF High-Yield Fund and Kevin Lorenz, managing director and portfolio manager, are featured in a Reuters’ article, “Fund View: Junk manager Lorenz thrives on low default rate.” The article provides an overview of high-yield funds and his management. Read the article here.

Find information on standardized performance here.

The High Yield Bond Fund is subject to interest rate and inflation risks, and significantly higher credit risk than Fund investing in investment grade bonds.

Kevin Lorenz’s discussion of the various credits are not bond recommendations, but simply a discussion of the fund’s holdings as of 5/31/2012.

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.


 

* For its stability, claims-paying ability and overall financial strength, TIAA currently holds among the highest ratings from the four leading insurance company rating agencies: A.M. Best (A++ as of 4/12), Fitch (AAA as of 6/12), Moody's Investors Service (Aaa as of 6/12) and Standard & Poor's (AA+ as of 5/12). These ratings are subject to change and do not apply to variable annuities, mutual funds or any other product or service not fully backed by TIAA's claims-paying ability. Per S&P criteria, the downgrade of U.S. long-term government debt limits the highest rating of U.S. insurers to AA+ (the second-highest rating available).

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