Asset Management

CREF Variable Annuity

CREF Social Choice Account

Unit Value


Day's Change


Portfolio Net Assets


Estimated Expense Charge

Expenses are estimated each year based on projected expense and asset levels. Differences between actual expenses and the estimate are adjusted quarterly and are reflected in current investment results. Historically, adjustments have been small.

Accumulations in mutual funds not managed by TIAA-CREF may be subject to administrative charges. These charges are subject to change. Please review current documents related to your plan.

The Account’s total annual expense deduction appears in the Account's prospectus, and may be different than that shown herein due to rounding. Please refer to the prospectus for further details.

Overall Morningstar Rating

The Overall Morningstar Rating is based on risk-adjusted return, and is a weighted average of the applicable 3-, 5-, and 10-year Ratings.

52 Week Range

0.0602 (0.03%)
$163.5365 - $185.9767
As of close 04/23/2014As of 03/31/2014
As of 03/31/2014
Based on risk adjusted returns


Management Team

Jim Campagna, CFASenior Director, Equity Investments, Quantitative Portfolio Management

Jim Campagna is a senior director and quantitative portfolio manager for the TIAA-CREF organization. Mr. Campagna has portfolio management responsibilities for all equity index strategies and socially screened equity portfolios. He joined the TIAA-CREF organization in 2005. Mr. Campagna has 22 years of investment experience. Prior to his employment at TIAA-CREF, he was a portfolio manager at Mellon Capital Management where he was responsible for several funds, and was an index strategy leader for the MSCI® EAFE® mandates. Mr. Campagna earned his B.A. in economics from the University of California, Irvine

Stephen Liberatore, CFAManaging Director, Global Public Markets

Stephen M. Liberatore, CFA is a managing director and fixed-income portfolio manager for the TIAA-CREF organization. Mr. Liberatore is the lead portfolio manager for the organization's Socially Responsible investment (SRI) fixed income mandates and holds responsibility for investment strategy and securities selection. He joined the TIAA-CREF organization in 2004. Mr. Liberatore has 18 years of industry experience, including positions at Nationwide Mutual Insurance Co. and Protective Life Corporation, where he was responsible for portfolio management, credit research and trading for both total return and liability-driven assets. Mr. Liberatore is considered a subject matter expert on the management of total return SRI fixed-income portfolios, and he frequently presents at both SRI and fixed-income conferences. His views on developments in these areas have been featured in numerous industry publications. Mr. Liberatore holds a B.S. from the State University of New York at Buffalo and an MBA in finance and operations from Wake Forest University's Babcock Graduate School of Management. He holds the Chartered Financial Analyst designation and is a member of the CFA Society North Carolina and the CFA Institute.

Anne Sapp, CFAManaging Director, Equity Investments

Anne Sapp is a managing director and quantitative portfolio manager for the TIAA-CREF organization. Ms. Sapp has portfolio management responsibilities for the organization's equity index strategies as well as socially screened equity portfolios. Her current mandates are global and across multiple index providers, including S&P, Russell, MSCI (developed, emerging and small cap) and real estate indices. Ms Sapp joined the TIAA-CREF organization in 2004. Ms. Sapp has 26 years of investment experience. She was previously a director and lead equity portfolio manager for Mellon Transition Management Services, responsible for managing U.S. and international equity transitions. Prior to that, Ms. Sapp was a vice president and co-manager of Mellon Capital Management's index group. She managed their largest S&P index portfolio as well as Russell and MSCI equity index offerings. Before joining Mellon Bank, Ms. Sapp was a portfolio manager in the fixed-income groups at Wells Fargo Bank and Bankers Trust Company. Ms. Sapp earned a B.A. in economics and French from Middlebury College and an MBA from Georgetown University.

The risks that the account is subject to include the risk of socially screened investing, market risk, company risk, small-cap risk, income volatility risk, credit risk, interest-rate risk, prepayment risk, extension risk and foreign investment risks.

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