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 interest, taxes, brokerage and other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed 1.14% of average daily net assets for Retail Class shares of the Fund. These expense reimbursement arrangements will continue through at least February 28, 2015, 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
|$258.36M||1.16% / 1.14%|
OUT OF 148 FUNDS
|$8.19 - $10.56|
|As of close||As of|
Based on risk adjusted returns
NAVANEEL RAY, CFA Managing Director, Equity Investments
Navaneel Ray is a managing director and equity research analyst for the TIAA-CREF organization. Mr. Ray is responsible for following the global metals/mining and international energy sectors. In addition, he is an active equity portfolio manager responsible for global natural resources equity and global equity portfolios. He joined the TIAA-CREF organization in 2005. Mr. Ray has 18 years of industry experience including a position as an equity analyst at Morgan Stanley in India where he was the senior-most writing analyst on Morgan Stanley's seven-member Indian research team, which was ranked #1 in Institutional Investor's (II) 1999 poll. In addition, Mr. Ray has held positions as a North American energy investment banker at Citigroup and as an emerging market equities analyst at hedge fund Rohatyn Group. Mr. Ray earned a B.E. degree in mechanical engineering from National Institute of Technology in Bhopal, India; a Masters degree in Marketing from the University of Delhi and an MBA with High Honors and concentrations in finance, economics and entrepreneurship from the University of Chicago.
The risks that the fund is subject to include market risk, company risk, industry/sector risk, special risks for investing in natural resources, non-diversification risk, active management risk, foreign investment risks and emerging markets risk. The Fund is non-diversified meaning that it may invest in fewer investments than other mutual funds and its investments are concentrated within the natural resources sector.