Mid-Cap Value



Objective & Philosophy
The Mid-Cap Value investment strategy seeks returns that outperform the Russell Midcap® Value Index with risk characteristics comparable to its benchmark. Through rigorous quantitative analysis and fundamental research, the investment team seeks to uncover positive catalysts for price appreciation, which may close the gap between a stock's current valuation and the investment team's assessment of its true intrinsic value.
Key Facts
Asset Class: Equity
Inception Date: 10/01/2002
Benchmark: Russell Midcap Value Index
Portfolio Management: Tom Kolefas, CFA, Managing Director
Learn More: Strategy Profile (PDF)
Investment Strategy
The Mid-Cap Value strategy seeks to invest in sectors and companies ranked in the lower half of the benchmark based on intrinsic value and peer group valuations. Companies considered for inclusion in the portfolio must possess positive free cash flows and strong balance sheets. Quantitative and fundamental analysis, as well as research from the TIAA-CREF's Equity Research team, form the basis for the investment team's valuation assessment and uncover the presence of positive and negative catalysts for price appreciation. Companies with attractive valuations and risk/reward profiles are strong candidates for investment.
Performance & Statistics

All data is shown in U.S. Dollars. Non-performance information is based on a representative account of the strategy. Each portfolio may differ due to specific investment restrictions and guidelines. Past performance is not an indicator or guarantee of future results. The gross performance returns presented reflect the reinvestment of dividends and other earnings but do not reflect the deduction of investment advisory fees and other expenses. A client's return will be reduced by advisory fees and any other expenses it may incur in the management of its investment advisory account.

Portfolios within the composite are subject to certain risks such as market and investment style risk. Investments in small- to medium-sized corporations are more vulnerable to financial risks and other risks than larger corporations and may involve a higher degree of price volatility than investments in the general equity markets.

The Russell Midcap Value Index is a subset of the Russell Midcap Index, which measures the performance of the stocks of the 800 smallest companies in the Russell 1000 Index, based on market capitalization. The Russell Midcap Value Index measures the performance of those stocks of the Russell Midcap Index with lower relative forecasted growth rates and price to book ratios.

The separate account minimum is $50 Million.

This material is provided for informational purposes only and should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate. TIAA-CREF claims compliance with the Global Investment Performance Standards (GIPS®).  TIAA-CREF is a group of companies that manages domestic, international and global investment strategies for clients worldwide, and provides insurance-related financial services. To receive a complete list and descriptions of TIAA-CREF composites and/or a presentation that adheres to the GIPS standards, please Contact Us.

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