Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:TIAA-CREF Adding Five Funds Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, April 3, 2000

TIAA-CREF Adding Five Funds

Reported by Joel Kranc

TIAA-CREF is introducing five new mutual funds - two equity and three bond. The new funds bring to 11 the number of offerings from TIAA-CREF mutual funds.

"We believe we are satisfying the tremendous need for a social investment option that is low-cost and has a clearly established, recognizable benchmark in the S&P 500," said Dennis Foley, vice president of the TIAA-CREF organization's investment products area. "Because of the well-defined, absolute investment screens used in the fund and the account, investors definitely know what type of companies will not be in their portfolios.

Related Links
TIAA-CREF
On InvestmentWires
 TIAA-CREF Joins Schwab Marketplace
Jul 23 1999
The five new mutual funds are the: Social Choice Equity Fund, which excludes companies that do not pass certain social criteria screens. For instance, the fund will not invest in companies that: fail to adhere to sound environmental polices and practices; have significant involvement in weapons manufacturing; operate in Northern Ireland without adopting the MacBride Principles or complying with the Fair Employment (Northern Ireland) Act of 1989; produce and market alcoholic beverages or tobacco products; or produce nuclear energy. Annual expenses are 0.27%. Equity Index Fund, which seeks a favorable long-term rate of return from a diversified portfolio selected to track the overall market for common stocks publicly traded in the US as represented by the Russell 3000 Index. Annual expenses are 0.26%

High-Yield Bond Fund, which seeks high current income and, when consistent with its primary objective, capital appreciation. Its benchmark is the Merrill Lynch Index of cash pay securities in the US domestic bond market that have composite credit ratings of BB or B. Annual expenses are 0.34%. Tax-Exempt Bond Fund, which seeks a high level of current income that is free from regular federal income tax, consistent with preservation of capital. Its benchmark is the Lehman Brothers 10-Year Municipal Bond Index. Annual expenses are 0.30%. Short-Term Bond Fund, which seeks high current income consistent with preservation of capital. Its benchmark is the Lehman Brothers Mutual Fund Short (1-5 year) Government/Corporate Index. Annual expenses are 0.30%. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use