TIAA-CREF Mutual Funds

TIAA-CREF Real Estate Securities Fund (Retail)

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Daily NAV


Day's Change


Portfolio Net Assets


Gross / Net Expense Ratio

Under the Fund’s expense reimbursement arrangements, the Fund’s investment adviser, Teachers Advisors, Inc. (“Advisors”), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding Acquired Fund Fees and Expenses and extraordinary expenses) that exceed 0.96% of average daily net assets for Retail Class share of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2012, unless changed with approval of the Board of Trustees.

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

0.32 (2.28%)
0.83% / 0.83%
$13.65 - $16.25
As of close 02/05/2016As of 01/31/2016
As of 01/31/2016
Based on risk adjusted returns

Management Team

David CoppManaging Director, Equity Investments, Active Portfolio Management

David Copp is a managing director and active equity portfolio manager for the TIAA-CREF organization. Mr. Copp manages real estate securities investments. Mr. Copp joined the TIAA-CREF organization in 2005.Mr. Copp has 18 years of investment experience. Previously, he was a senior research analyst in the Real Estate Equity Research group at RBC Capital Markets, where he was responsible for all real estate securities research. Prior to that, he worked as a real estate securities research analyst at Robertson Stephens and Sutro & Co.Mr. Copp earned a B.S. in corporate finance from the University of San Francisco.

Brendan LeeDirector, Equity Investments, Active Portfolio Management

Brendan Lee is a director and active equity portfolio manager for the TIAA-CREF organization. Mr. Lee is a member of the real estate securities portfolio management team. He joined the TIAA-CREF organization in 2006.Mr. Lee has 16 years of industry experience including a position as a senior analyst in the Real Estate Equity Group at Cliffwood Partners, LLC. Mr. Lee holds a business economics degree from the University of California, Los Angeles. He is a member of the National Association of Real Estate Investment Trusts (NAREIT) and the International Council of Shopping Centers (ICSC).

Our Investment Philosophy

The portfolio management team believes that stock prices do not always reflect the long-term prospects of companies. The team believes the investment return of a real estate security will ultimately be determined by the value of the company’s underlying real estate and whether its management has the ability to create value going forward. As a result, added emphasis is placed on management’s track record as stewards of shareholder capital.

The risks that the fund is subject to include market risk, company risk, real estate investing risk, real estate securities risk, interest-rate risk, small-cap risk, income volatility risk, credit risk, prepayment and extension risk, and foreign investment risks.

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