TIAA-CREF Mutual Funds

TIAA-CREF Global Natural Resources Fund (Premier)

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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., has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: 0.90% of average daily net assets for Premier Class shares. These expense reimbursement arrangements will continue through at least February 29, 2016, 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

0.06 (0.79%)
0.89% / 0.89%
$6.65 - $9.34
As of close 10/09/2015As of 09/30/2015
As of 09/30/2015
Based on risk adjusted returns


Management Team

Navaneel Ray, CFAManaging 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 19 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.

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