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TIAA-CREF High-Yield Inst (TIHYX)

On Feb 9: 9.13 USD  Down 0.03 (0.33%)  
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Profile  As of 31-Jan-10 Get Profile for:
TIAA-CREF High-Yield Inst
Tiaa-cref Funds 730 Third Ave. New York NY 10017
Phone: 888-842-0318
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FUND OVERVIEW
Category: High Yield Bond
Fund Family: TIAA-CREF Mutual Funds
Net Assets: 276.01M
Year-to-Date Return: 0.68%
Yield: 8.25%
Morningstar Rating: 4 stars
Fund Inception Date: 31-Mar-06
MORNINGSTAR STYLE BOX
High Yield Bond
[View Category Definition]
View Top High Yield Bond Funds
About the Morningstar Style Box
MANAGEMENT INFORMATION
Kevin R Lorenz
Lead Manager since 31-Mar-06
Lorenz is a lead portfolio manager with Teachers Advisors, Inc. and joined in 1987. Lorenz holds the Charted Financial Analyst designation.
INVESTMENT INFORMATION
Min Initial Investment: $2,000,000
Min Initial Investment, IRA: NaN
Min Initial Investment, AIP: NaN
Min Subsequent Investment: $1,000
Min Subsequent Investment, IRA: N/A
Min Subsequent Investment, AIP: N/A
TIHYX can be purchased from 9 brokerages.
FUND SUMMARY
The investment seeks high current income and capital appreciation. The fund invests primarily in lower-rated, higher-yielding fixed-income securities. It invests at least 80% of assets in debt and other fixed-income securities rated lower than investment-grade (and their unrated equivalents) or other high-yielding debt securities. The fund invests up to 20% of assets in payment-in-kind or deferred interest obligations, defaulted securities, asset-backed securities, securities rated lower than B- or its equivalent by at least two rating agencies and securities having limited liquidity.
FUND OPERATIONS
Last Dividend (29-Jan-10): 0.06
Last Cap Gain (14-Dec-07): 0.01
Annual Holdings Turnover 79.00%
Average for Category: 95.38%
FEES & EXPENSES
Expense TIHYX Category
Avg
Total Expense Ratio: 0.40% 1.21%
Max 12b1 Fee: % N/A
Max Front End Sales Load: % 4.46%
Max Deferred Sales Load: % 2.70%
3 Yr Expense Projection*: $139 $639
5 Yr Expense Projection*: $247 $1,001
10 Yr Expense Projection*: $562 $2,022
* Per $10,000 invested


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