The TIAA-CREF International Bond Fund - Institutional (TIBWX) is a mutual fund that primarily invests in international fixed-income securities. It is managed by TIAA-CREF, a leading financial services organization, and is designed for institutional investors. This fund aims to provide diversification and potential income through a portfolio of bonds issued by governments and corporations outside of the United States. With a focus on international markets, TIBWX offers investors the opportunity to access a wide range of global fixed-income opportunities.