Investing With Integrity
We believe that smart investing can also mean doing things the right way.
98% of our mutual funds and annuities received an overall Morningstar rating of three or more stars across all asset classes. 1
Highest average retirement account balances, according to LIMRA 20122
Our fees are generally less than half the mutual fund industry average.3
1 Morningstar is an independent service that rates mutual funds and variable annuities. The top 10% of accounts in an investment category receive five stars, the next 22.5% receive four stars, and the next 35% receive three stars. Morningstar proprietary ratings reflect historical risk-adjusted performance and can change every month. They are calculated from the account’s three-, five- and ten-year average annual returns in excess of 90-day Treasury bill returns with appropriate fee adjustments, and a risk factor that reflects subaccount performance below 90-day T-bill returns. The overall star ratings are Morningstar’s published ratings, which are weighted averages of its three-, five- and ten-year ratings for periods ended September 30, 2013. Past performance cannot guarantee future results. For current performance and rankings, please visit www.tiaa-cref.org/performance .
2 LIMRA, Not-for-Profit Market Survey, fourth-quarter 2012 results. Average assets per participant based on full-service business. Please note average retirement account balances are not a measure of performance of TIAA-CREF retirement offerings.
3 Based on Morningstar data, the expense ratio on all mutual fund products and variable annuity accounts managed by TIAA-CREF is generally less than half the mutual fund industry average. (70% are less than half their respective Morningstar Universe average and 60% are less than half their respective Morningstar Universe median.)