Accolades are not something we strive for, yet they are a complement to our long-rich history of putting our investors first, and they confirm for our investors that our capabilities, products and services are best in class.
2013 Lipper Awards: TIAA-CREF Named Best Overall Large Fund Company – (3/15/13)i
Recognizing strong and consistent overall risk-adjusted mutual fund performance over a three-year period versus our peers, Lipper designated TIAA-CREF as the 2013 Best Overall Large Fund Company. More
Showcasing our consistent, long-term approach to fund management, 54% of TIAA-CREF Funds and Annuities received a Morningstar overall rating of 4- or 5-stars across all asset classes based on risk adjusted returns (0.00% have 1 stars, 2.96% have 2 stars, 43.20% have 3 stars, 37.28% have 4 stars and 16.57% have 5 stars as of 12/31/13).ii
i In calculating the awards, Lipper considered funds registered for sale in the United State with at least 36 months of performance as of the end of the calendar year of the respective evaluation year. Fund groups with at least five equity, five bond, or three mixed-asset portfolios were eligible for an overall group award. The award is given to the group with the lowest average decile ranking of three years’ Consistent Return measure of the eligible funds over the three-year period ended 12/31/12. TIAA-CREF was ranked against 36 fund companies.
ii Morningstar ratings include Retail, Retirement, Premier and Institutional fund share classes that have completed one calendar year of performance; CREF Variable Annuity Accounts; and the Life Funds. Please note Morningstar rates CREF group variable annuities within the open-end mutual fund universe. Current rankings may be higher or lower on a monthly basis. 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 December 31, 2013. Past performance cannot guarantee future results. For current performance and rankings, please visit https://www.tiaa-cref.org/public/tcfpi/InvestResearch.
TIAA-CREF products may be subject to market and other risk factors. See the applicable product literature for details.
Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.