Janus Aspen Perkins Mid Cap Value Portfolio—Institutional Shares

Formerly the Mid Cap Value Portfolio—Institutional Shares, this fund seeks capital appreciation by investing primarily in common stocks of mid-sized companies whose stock prices the portfolio managers believe to be undervalued. The Portfolio invests, under normal circumstances, at least 80% of its assets in equity securities of companies whose market capitalization falls, at the time of purchase, within the 12-month average of the capitalization range of the Russell Midcap Value Index. The Portfolio focuses on companies that have fallen out of favor with the market or that appear to be temporarily misunderstood by the investment community.

Unit value as of 11/05/2009: $15.52
Total return year-to-date as of 11/05/2009: 27.62%
Expense charge*: 1.84%
Inception date: 02/05/2008
Investment class: U.S. Equity

Financial Performance
Performance Data as of 11/05/2009			Average Annual Total Returns as of 10/31/2009
Unit Value	Net Change	YTD Return	1 Year	3 Year	5 Year	10 Year	Since Inception
$15.52	+1.50%	27.62%	20.64%	--	--	--	-4.42%

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 your accumulation units, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above.

Stocks of small and mid-cap stocks may have limited marketability and may be subject to more abrupt or erratic market movements than large-cap stocks.

Includes both separate account and fund level charges. The maximum total annual expense charge without the waiver is 2.10%. Separate account charges reflect the highest possible mortality and expense risk charge although they may be lower. The unit value reflects the election of the Guaranteed Minimum Death Benefit. See the prospectus for additional information.

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please click here or call 1 877 518-9161 for a prospectus that contains this and other information. Please read the prospectus carefully before investing. TIAA-CREF Life Insurance Company (TIAA-CREF Life), New York, NY issues after-tax annuities. Investment products are not FDIC insured, may lose value, and are not bank guaranteed.

View:

More About After-Tax Annuities

Tools & Information

Market Tools

Need Help?

C45051