CREF Variable Annuity

CREF Social Choice Account (R1)


Unit Value


Day's Change


Portfolio Net Assets


Estimated Expense Charge


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

0.8757 (0.45%)
$180.5706 - $200.7721
As of close 05/04/2016As of 04/30/2016
As of 03/31/2016
Based on risk adjusted returns

Portfolio Composition

Portfolio Composition provides details for the investments that constitute a particular fund.

Market Capitalization

As of 03/31/2016

% of
Equity Investments
Large Cap ($15 Billion - $50 Billion)41.10%
Mega Cap (Over $50 Billion)36.39%
Mid Cap ($2 Billion - $15 Billion)20.23%
Small Cap (Under $2 Billion)2.28%

Sector Weighting

As of 03/31/2016

% of
Net Assets
Common Stocks & Rights60.71%
Corporate Bonds9.00%
Mortgage-Backed Securities (Includes MPT & CMOS)8.32%
Foreign Government & Corporate Bonds Denominated In U.S. Dollars5.93%
U.S. Agency Securities4.77%
Municipal Bonds3.75%
U.S. Treasury Securities2.66%
CMBS & Other Mortgage-Backed Securities1.83%
Asset-Backed Securities1.53%
Bank Loan Obligations0.36%
Preferred Stock0.14%
Short-Term Investments, Other Assets & Liabilities, Net1.00%

Asset Allocation

As of 03/31/2016

% of
Net Assets
U.S. Equity42.71%
U.S. Fixed Income32.23%
International Equity18.13%
International Fixed Income5.93%
Short-Term Investments, Other Assets & Liabilities, Net1.00%
As of April 24, 2015, additional classes of CREF Accounts are available with different eligibility requirements. Please visit the account’s prospectus at for more information.
Portfolio statistics are for the Account’s Class R1 as indicated per as of dates above.
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.
TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Investment products, 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.

Fund Facts

Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates. It takes into account options embedded in the individual securities that might result in early repayment of principal, thereby shortening their duration. The longer a portfolio's duration, the more sensitive it is to changes in interest rates.

Average Maturity refers to the average time to maturity (the date a principal amount of a security becomes due or payable) of all the debt securities held in a portfolio. A relatively short average maturity results in smaller price fluctuations in response to changes in market rates of interest. A short average maturity subjects the owner of a debt portfolio to the risk that maturing debt will be replaced with debt carrying a lower interest rate.

Total Number of Holdings

1,943As of 03/31/2016

Option-Adjusted Duration

5.64 YearsAs of 03/31/2016

Average Maturity

8.71 YearsAs of 03/31/2016

Regional Composition

Data presented within this module represents exposure of portfolio investments to specific geographic regions as a percentage of net assets.
North America77.84%
United Kingdom3.54%
Other Developed1.15%
Asia Developed0.82%
Africa Middle East0.11%
Latin America0.11%
Short-Term Investments, Other Assets & Liabilities, Net1.01%

Top 5 Countries 
Country allocations are presented as a percentage of net assets. The Equity Funds use MSCI Country assignments; the Fixed Income Funds use the TIAA Country of Risk; and Balanced Funds use MSCI Country assignments for Equities and the TIAA Country of Risk for Fixed Income and for all other securities. TIAA Country of Risk uses Bloomberg country assignments but may use a different country in certain circumstances.

 United States74.95%
 United Kingdom3.54%