TIAA-CREF named Robert Leary as executive vice president and president of TIAA-CREF Asset Management. The announcement was featured in Bloomberg Businessweek’s article, “TIAA-CREF Hires Leary to Oversee $505 Billion in Investments ." The article also highlights the company’s CREF Stock Account.
| CREF Stock Account|
|Investment and Benchmarks||1 Month||3 Month||YTD||1 Year||3 Year||5 Year||10 Year||Since Inception|
|CREF Stock Account||+2.07||+5.52||+10.54||+15.34||+10.38||+3.63||+8.26||+9.83|
Gross / Net Expense Ratio 0.49%
As of 3/31/2013
The performance data quoted represents past performance and is no guarantee of future results. Your returns and the principal value of your investments will fluctuate so that your shares [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. For performance current to the most recent month-end, visit the TIAA-CREF website at www.tiaa-cref.org, or call 877 518-9161.
The CREF Stock Account is subject to equity market risk and the foreign investing risks.
Annuity account options are available through contracts issued by TIAA or CREF. These contracts are designed for retirement or other long-term goals, and offer a variety of income options, including lifetime income. Payments from the variable annuity accounts [and mutual funds] are not guaranteed and will rise or fall based on investment performance.