Bond Index

(TBILX)

The investment seeks a favorable long-term total return, mainly from current income, by primarily investing in a portfolio of fixed-income securities that is designed to produce a return that corresponds with the total return of the U.S. investment-grade bond market based on a broad bond index. Under normal circumstances, the fund invests at least 80% of its assets within its benchmark and portfolio tracking index, the Barclays Capital U.S. Aggregate Bond Index. The fund uses a sampling technique to create a portfolio that closely matches the overall investment characteristics of its index.

Net asset value as of 11/20/2009: $10.10
Total return year-to-date as of 11/20/2009¹: --
Fund's net invested assets as of 09/30/2009: $100.43 million
Gross Expense Ratio: 0.58%
Net Expense Ratio*: 0.48%
Inception date: 09/14/2009
Investment class: Fixed Income

As of 11/19/2009: 30-day SEC Yield¤ 2.79%

Performance Comparison
	Performance Data as of 11/19/2009			Average Annual Total Returns as of 10/31/2009
	Net Asset Value	Net Change	YTD Return¹	1 Year	3 Year	5 Year	10 Year	Since Inception²
Bond Index	$10.10	+0.11%	--	--	--	--	--	0.87%
Barclays Capital U.S. Aggregate Bond Index^†	--	+0.07%	--	--	--	--	--	1.11%

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.

This fund is subject to risks, including: Income Volatility Risk, Credit Risk, Call Risk, Market Volatility and Liquidity Risk, Interest Rate Risk, Prepayment Risk, Extension Risk and Index Risk.

1.	The inception date for this fund is September 14, 2009. We will not display year-to-date performance at this time.
2.	The "Since Inception" values presented are cumulative values and not average annualized total returns.
¤	The fund's 30-day SEC yield is based on yield to maturity of a fund's investments over a 30-day period and not on the dividends paid by the fund, which may differ.
†	The Barclays Capital U.S. Aggregate Bond Index measures the performance of the U.S. investment-grade, fixed-rate bond market, including government and credit securities, agency mortgage pass-through securities, asset-backed securities and commercial mortgage-backed securities. You cannot invest directly in this index.

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. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Investment products are not FDIC insured, may lose value, and are not bank guaranteed.

View:

Tools & Information

Market Tools

Need Help?

C45833