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Morningstar

TIAA-CREF High-Yield Inst TIHYX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 8.46  /  0.37 %
  • Total Assets 2.6 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.360%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 2,000,000
  • Status Open
  • TTM Yield 5.67%
  • Effective Duration 4.13 years

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:27 PM GMT+00:00

Morningstar’s Analysis TIHYX

Will TIHYX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TIHYX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the TIHYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of TIHYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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TIAA-CREF High-Yield Inst’s management team is just average, but a solid investment process still helps this strategy retain its Morningstar Quantitative Rating of Bronze. The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.

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