Retirement Investments & IRAs: Current Performance

Rates of return reflect past performance and are no guarantee of comparable future results. The value of your accumulation in TIAA variable annuities and CREF variable annuities can rise or fall. The units you own may be worth more or less than their original price when you redeem them. Investment results shown here are after all investment, administrative, and distribution expenses.

Each business day, estimated unit values are usually posted between 6:00 p.m. and 7:00 p.m., ET. Final unit values are usually posted between 10:00 p.m. and 11:00 p.m., ET. On days when stock trading is particularly active, the estimated unit values may be posted a little later, and the final unit values may be posted the following morning. If the net change and YTD return figures do not appear, the unit values you're looking at are preliminary estimates.

Net change from the previous business day. Both the "Net Change" and "YTD Return" columns for variable annuities are only updated once final valuations have been performed; this usually occurs at approximately 10:00 p.m. ET.

To see the inception date for each account/fund, click on that account/fund and review the profile information. The Since Inception values presented for the Lifecycle 2055 Fund and the Global Natural Resources Fund are cumulative values and not average annualized total returns.

Beginning July 16, 2009, part or all of the 12b-1 distribution expenses and/or administrative expenses attributable to the CREF Money Market Account are being voluntarily waived. Without these waivers, the 7-day current and effective annualized yields and total returns would have been lower. These waivers may be discontinued at any time without notice. Amounts waived on or after October 1, 2010 are subject to possible recovery by TIAA under certain conditions. Please see the prospectus for additional information. An investment in this account is not a deposit of any bank and is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other U.S. government agency. It is possible to lose money in this Account. The current yield more closely reflects the account's current earnings than does the total return.

Funds applied to TIAA Traditional from February 1, 2012 through February 29, 2012 will be credited with the indicated rates until February 29, 2012. Funds transferred to TIAA Traditional between February 1, 2012 through February 29, 2012 will begin earning interest at the beginning of the next calendar day following the effective date of the transfer, and will be credited with the indicated rates through February 29, 2012. TIAA Traditional is a guaranteed insurance contract and not an investment for Federal Securities Law purposes.

Interest credited to TIAA Traditional Annuity accumulations includes a guaranteed rate, plus additional amounts that are not guaranteed but may be established on a year-by-year basis by the TIAA Board of Trustees. The additional amounts, when declared, remain in effect through the "declaration year," which begins each March 1. The guaranteed annual interest rate is 3% for all premiums remitted since 1979 under all TIAA Traditional Annuity accumulating contracts, except that for Retirement Choice, Retirement Choice Plus and IRA (issued on or after 10/11/2010) Annuities the guaranteed rate is between 1% and 3%, as specified in the contract. The minimum guaranteed rate applicable to contributions and transfers into the TIAA Traditional Annuity account under RC contracts during 2012 is 1.00%. The minimum guaranteed rate applicable to contributions and transfers into the TIAA Traditional Account under RCP and IRA contracts (issued on or after 10/11/2010) from March 1, 2011 through February 29, 2012 is 1.00%. The account also offers the opportunity for additional amounts in excess of the guaranteed rate.

Retirement Choice Inception Date: 08/01/2005
Retirement Choice Plus Inception Date: 06/01/2006
IRA (issued on or after 10/11/2010) Inception Date: 10/11/2010

These rates apply to all IRA contracts offered on or after 10/11/2010. Note: All IRA Minimum Distribution Option contracts and IRA (issued on or after 10/11/2010) as a result of a divorce settlement will be given the same rate as the originating contract.

Mutual Fund performance information posted here is for the TIAA-CREF Funds- Retirement Class only.

The expense ratio and performance return of these funds reflect an agreement by the funds' advisor to voluntarily reimburse various other expenses of the funds. Without this reimbursement, the fund's expenses would have been higher, and its performance lower.

Total return figures include the reinvestment of all dividends and any capital gains distribution. Rates of return reflect past performance and are no guarantee of comparable future results. The value of investments in the funds can rise or fall. Individual shares may be worth more or less than their original price when redeemed.

The fund's Institutional Class began operations on July 1, 1999. Performance shown prior to the inception of the Retirement Class is based on the performance of the fund's Institutional Class. Performance has not been restated to reflect the higher expenses of the Retirement Class. If the expense differential had been reflected, performance for these periods would have been lower.

Beginning August 18, 2009, part or all of the service and investment management fees of the Retirement Class of the TIAA-CREF Money Market Fund are being voluntarily waived. Without these waivers, the 7-day current and effective annualized yields and total returns would have been lower. These voluntary fee waivers may be discontinued at any time without notice.