Unit value as of 09/05/2008: $53.85
Total return year-to-date as of 09/05/2008: 4.44% 3-month cumulative rate of return as of 06/30/2008: 5.23% Net invested assets as of 06/30/2008: $6.64 billion Expense charge*: 0.54% Inception date: 05/01/1997 Investment class: Fixed Income As of 09/04/2008: 30-day Yield CPI-Adjusted** 11.67% |
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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 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.
Investing in this account involves risk that the market values of these bonds may be affected by changes in investors' inflation expectations or changes in "real" rates of interest (i.e., a security's return, above the inflation rate).
| * | We estimate expenses for the year based on projected expense and asset levels. Differences between estimated and actual expenses are adjusted quarterly and reflected in current investment results. |
| ¡ | From November 30, 2007 on, the since inception performance shown is computed from the inception date of the account (the date on which the account became publicly available). Previously, since inception performance for this account was computed from the net asset value per share on the day prior to the inception date. |
| ** | The 30-day yield displayed is the yield of the securities within the portfolio adjusted for inflation, as measured by the Consumer Price Index (CPI). This 30-day yield, because of the adjustment, may be more volatile than 30-day yields typically quoted on traditional (nominal) bond investments. |
| † | The Lehman Brothers U.S. TIPS Index measures the performance of fixed-income securities with fixed-rate coupon payments that adjust for inflation as measured by the Consumer Price Index for All Urban Consumers. You cannot invest directly in this index. |
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 (Teachers Insurance and Annuity Association) New York, NY issues annuities. Investment products are not FDIC insured, may lose value, and are not bank guaranteed.
© 2008 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017
