Fixed Income
TIAA-CREF has extensive expertise across maturities, sectors and security types, including corporate debt, government agencies, municipal bonds, mortgage-backed securities, asset-backed securities and other structured securities. Our portfolio managers seek undervalued securities through proprietary credit research, yield-curve analysis, historical spread analysis and assessments of duration characteristics.
To reduce risk related to rating downgrades and defaults, our centralized credit research team conducts rigorous analysis of borrowers on an ongoing basis. Their credit analysis process includes analyzing company financial statements, meeting with company management, reviewing rating agency reports, assessing industry trends and reviewing company financials on a quarterly basis.
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