|
Net asset value as of 07/02/2009: $6.06 Total return year-to-date as of 07/02/2009: 4.30% Fund's net invested assets as of 06/30/2009: $18.69 million Gross Expense Ratio: 6.88% Net Expense Ratio*: 0.48% Inception date: 11/30/2007 Investment class: Lifecycle |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
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 shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above.
In addition to asset allocation risk, the Lifecycle Funds are subject to the risks associated with the types of securities held by each of their underlying funds. For equity securities, these risks may include market risk, company risk, foreign investment risk, growth investing risk, value investing risk, style risk, and small-cap/mid-cap risk. For fixed-income securities, these risks may include interest rate risk, income volatility risk, credit risk, call risk, prepayment and extension risk, and special risks for inflation-indexed bonds. This fund’s overall risk level should gradually decline as the target allocation shifts more toward fixed income with the approach of the year 2045. For a more complete discussion of these and other risks, please see the prospectus.
| 1. | The "Since Inception" values presented are cumulative values and not average annualized total returns. |
| * | The Net Expense Ratio includes fees for the Lifecycle Funds and fees for the underlying funds; each Lifecycle fund indirectly bears its pro rata share of the fees and expenses incurred by the underlying funds. The net annual expense charge reflects a contractual fee waiver and reimbursement of certain expenses by the fund's adviser through January 31, 2010. The reimbursement does not cover the fee for services provided in connection with the offering of this class on retirement platforms. See the current prospectus for information on expenses. |
| † | The fund's benchmark is a weighted average of the benchmarks for each of the underlying funds in which the fund invests. The fund's target allocations to each underlying fund will change as the fund approaches its target retirement date, and the benchmark weightings will change accordingly. |
TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc. 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 (Teachers Insurance and Annuity Association) New York, NY issues annuities. Investment products are not FDIC insured, may lose value, and are not bank guaranteed.
© 2009 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017
