April 07, 2009
Update on Frequent Trading Policy in First Quarter Statements
TIAA-CREF’s updated Intermediary Frequent Trading Policy, which may impact participants in both proprietary and nonproprietary mutual funds, will mail with the first quarter statements coming out in early April. The policy, which will go into effect on May 11, 2009, was adopted by TIAA and its affiliated broker-dealer, TIAA-CREF Individual & Institutional Services, LLC. This
statement stuffer (PDF) explains the policy, exceptions and notification process for rejected purchases and transfers. Each proprietary and nonproprietary fund has or may adopt its own frequent trading policy as disclosed in its prospectus.
