Total return year-to-date as of 02/07/2012 : 1.40%
Fund's net invested assets as of 12/31/2011 : $316.45 million
Gross Expense Ratio : 0.40%
Net Expense Ratio 1 : 0.35%
Inception date : 03/31/2006
Investment class : Fixed Income
As of 02/07/2012 : 30-day SEC Yield 2 : 1.93%
| Performance Comparison | |||||||||||||||||||
|
Performance Data as of 02/7/2012 |
Average Annual Total Returns as of 01/31/2012 |
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|
Net Asset Values |
Net Change |
YTD Return |
1 Year | 3 Year | 5 Year | 10 Year | Since Inception | ||||||||||||
| Tax-Exempt Bond | $11.03 |  -0.26% |
1.40% | 14.80% | 7.69% | 5.94% | -- | 5.79% | |||||||||||
| Barclays Capital 10-Year Municipal Bond Index 3 | -- | -0.18% |
1.19% | 14.80% | 7.65% | 6.79% | -- | 6.56% | |||||||||||
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.
The Fund is subject to interest rate risk and credit risk. The Fund also is subject to current income volatility and the related risk that falling interest rates will cause the Fund’s income to fall as it invests assets at progressively lower rates.
TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. 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.
