TIAA-CREF High Yield Fund (TIHYX)
The investment seeks total return primarily through high current income and, when consistent with its primary objective, capital appreciation. The fund invests primarily in lower-rated, higher-yielding fixed-income securities, such as domestic and foreign corporate bonds, debentures, loan participations and assignments and notes, as well as convertible and preferred securities. Under normal circumstances, it invests at least 80% of its assets in debt and other fixed-income securities rated lower than investment-grade (and their unrated equivalents) or other high-yielding debt securities.
Fund Info
US8863157959
Mar 31, 2006
$2,000,000
Expense Ratio
TIHYX has an expense ratio of 0.36%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
TIAA-CREF High Yield Fund (TIHYX) returned 0.74% year-to-date (YTD) and 6.92% over the past 12 months. Over the past 10 years, TIHYX returned 4.39% annually, underperforming the S&P 500 benchmark at 10.69%.
TIHYX
0.74%
2.71%
1.05%
6.92%
5.89%
4.39%
^GSPC (Benchmark)
-0.64%
8.97%
-2.62%
11.90%
15.76%
10.69%
Monthly Returns
The table below presents the monthly returns of TIHYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.91% | 0.43% | -0.60% | -1.03% | 1.04% | 0.74% | |||||||
| 2024 | 0.16% | 0.18% | 1.36% | -0.73% | 1.02% | 0.88% | 1.71% | 1.46% | 1.21% | -0.47% | 1.23% | -0.35% | 7.89% |
| 2023 | 3.95% | -1.40% | 1.48% | 0.64% | -1.14% | 1.63% | 1.63% | 0.30% | -1.24% | -1.15% | 4.76% | 3.62% | 13.62% |
| 2022 | -2.33% | -0.77% | -0.78% | -3.61% | 0.54% | -6.98% | 6.43% | -2.72% | -3.86% | 3.14% | 2.09% | -1.21% | -10.24% |
| 2021 | 0.19% | 0.19% | 0.21% | 1.14% | 0.19% | 1.13% | 0.19% | 0.59% | 0.06% | -0.24% | -0.97% | 2.08% | 4.83% |
| 2020 | -0.59% | -2.21% | -11.81% | 3.26% | 5.15% | 0.02% | 4.71% | 0.60% | -1.10% | 0.21% | 3.58% | 1.56% | 2.26% |
| 2019 | 5.29% | 1.77% | 1.03% | 1.74% | -1.66% | 2.91% | 0.37% | 0.17% | 0.45% | 0.04% | 0.66% | 2.53% | 16.24% |
| 2018 | 0.44% | -0.89% | -0.69% | 0.57% | 0.19% | 0.49% | 1.22% | 0.79% | 0.69% | -1.79% | -0.98% | -2.61% | -2.62% |
| 2017 | 0.97% | 1.17% | -0.45% | 1.14% | 0.63% | -0.08% | 0.94% | -0.08% | 0.63% | 0.41% | 0.03% | 0.24% | 5.68% |
| 2016 | -1.74% | -0.02% | 4.60% | 3.63% | 0.41% | 0.73% | 2.23% | 2.40% | 0.69% | 0.59% | 0.08% | 1.92% | 16.50% |
| 2015 | 0.70% | 2.72% | -0.53% | 1.08% | 0.26% | -1.43% | -0.35% | -1.69% | -2.56% | 2.89% | -2.06% | -2.56% | -3.68% |
| 2014 | 0.66% | 2.10% | 0.23% | 0.52% | 1.00% | 0.72% | -1.48% | 1.72% | -2.25% | 1.55% | -0.72% | -2.68% | 1.25% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 92, TIHYX is among the top 8% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for TIAA-CREF High Yield Fund (TIHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
TIAA-CREF High Yield Fund provided a 6.04% dividend yield over the last twelve months, with an annual payout of $0.53 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.53 | $0.56 | $0.53 | $0.47 | $0.45 | $0.49 | $0.55 | $0.55 | $0.51 | $0.56 | $0.55 | $0.55 |
Dividend yield | 6.04% | 6.40% | 6.06% | 5.69% | 4.70% | 5.07% | 5.58% | 6.06% | 5.23% | 5.76% | 6.22% | 5.58% |
Monthly Dividends
The table displays the monthly dividend distributions for TIAA-CREF High Yield Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.05 | $0.10 | $0.00 | $0.00 | $0.15 | |||||||
| 2024 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.56 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.53 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.55 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.55 |
| 2017 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.51 |
| 2016 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.56 |
| 2015 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.55 |
| 2014 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.55 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the TIAA-CREF High Yield Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the TIAA-CREF High Yield Fund was 27.53%, occurring on Nov 24, 2008. Recovery took 166 trading sessions.
The current TIAA-CREF High Yield Fund drawdown is 1.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.53% | May 21, 2008 | 130 | Nov 24, 2008 | 166 | Jul 24, 2009 | 296 |
| -22.82% | Feb 20, 2020 | 23 | Mar 23, 2020 | 175 | Nov 30, 2020 | 198 |
| -14.47% | Jan 3, 2022 | 187 | Sep 29, 2022 | 305 | Dec 14, 2023 | 492 |
| -12.98% | Sep 2, 2014 | 365 | Feb 11, 2016 | 101 | Jul 7, 2016 | 466 |
| -8.89% | Aug 2, 2011 | 45 | Oct 4, 2011 | 61 | Dec 30, 2011 | 106 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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