TIAACREF How to Invest in Mutual Funds

Post on: 18 Июнь, 2015 No Comment

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The performance data quoted represents past performance, and is no guarantee of future results. Your returns and the principal value of your investment will fluctuate so that, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance results would have been lower. Since Inception performance shown is cumulative for funds that have less than one year of performance history. For investments with exceptional performance, please note that performance fluctuates and currently may be lower than noted here.

1 Based on Morningstar data, the expense ratio on all mutual fund products and variable annuity accounts managed by TIAA-CREF is generally less than half the mutual fund industry average. (70% are less than half their respective Morningstar Universe average and 60% are less than half their respective Morningstar Universe median.) Our mutual fund and variable annuity products are subject to various fees and expenses, including but not limited to management, administrative, and distribution fees; our variable annuity products have an additional mortality and expense risk charge.

2 Morningstar ratings include Retail, Retirement, Premier and Institutional fund share classes; CREF Variable Annuity Accounts; and the Life Funds. Please note Morningstar rates CREF group variable annuities within the open-end mutual fund universe. Current rankings may be higher or lower on a monthly basis. Morningstar is an independent service that rates mutual funds and variable annuities. The top 10 percent of accounts in an investment category receive five stars, the next 22.5 percent receive four stars, and the next 35 percent receive three stars. Morningstar proprietary ratings reflect historical risk-adjusted performance and can change every month. They are calculated from the accounts three-, five- and 10-year average annual returns in excess of 90-day Treasury bill returns with appropriate fee adjustments, and a risk factor that reflects subaccount performance below 90-day T-bill returns. The overall star ratings are Morningstars published ratings, which are weighted averages of its three-, five- and 10-year ratings for periods ended June 30, 2014. Past performance cannot guarantee future results. For current performance and rankings, please visit https://www.tiaa-cref.org/public/tcfpi/InvestResearch .

* About the Morningstar categories: Growth & Income Fund — Large Growth Category 3 year had 4 stars out of 1,500 funds, 5 year had 4 stars out of 1,316 funds,10 year had 5 stars out of 910 funds. High-Yield Fund-High-Yield Bond Category 3 year had 4 stars out of 565 funds and 5 year had 3 stars out of 488 funds. Short-Term Bond Fund — Short-Term Bond category 3 year had 3 stars out 416 funds and 5 year had 3 stars out of 354 funds. Tax Exempt Bond Fund Muni National Interm Category 3 year had 3 stars out of 254 funds and 5 year had 3 stars out of 207 funds. The top 10% of accounts in an investment category receive five stars, the next 22.5% receive four stars and the next 35% receive three stars. Morningstar proprietary ratings reflect historical risk-adjusted performance and can change every month. They are calculated from the accounts three-, five- and ten-year average annual returns in excess of 90-day Treasury bill returns with appropriate fee adjustments, and a risk factor that reflects mutual fund/subaccount performance below 90-day T-bill returns. The overall star ratings are Morningstars published ratings, which are weighted averages of its three-, five- and ten-year ratings for periods ended June 30, 2014.

Past performance is no guarantee of future results. TIAA-CREF products may be subject to market and other risk factors. See the applicable product literature. or fund information above for details.

Consider the investment objectives, risks, charges and expenses carefully before investing. See the fund prospectuses that contain this and other information. Read the prospectuses carefully before investing.

TIAA-CREF products may be subject to market and other risk factors. See the applicable product literature for details.

Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.

The TIAA-CREF Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund.

TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc. and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products.