Portfolio Net Assets
Gross / Net Expense Ratio
7-Day Current / Effective Ann. Yield
The current yield more closely reflects current earnings than does the total return.
7-Day Current Annualized Yield – A simple interest calculation. A measure of return that divides average net income received over a 7-day period by the average balance in your account and multiplies the result by 365 to get an annual equivalent. This measure reflects income actually received over the last 7 days and differs from Effective Annualized Yield in that it does not reflect compounding.
7-Day Effective Annualized Yield – A compound interest calculation. A measure of return that compounds the 7-Day Current Yield to an annual figure. This measure assumes that dividends are reinvested and that an investor will earn the 7-Day Yield for an entire year. It also reflects interest earned on interest, or compounded interest.
52 Week Range
|$775.15M||0.28% / 0.28%||0.00% / 0.00%||$1.00 - $1.00|
|As of close||As of||As of|
The fund seeks high current income consistent with maintaining liquidity and preserving capital. Generally, the fund seeks to maintain a share value of $1.00 per share. Investments will be made in accordance with the applicable rules governing the quality, maturity and diversification of securities and other instruments held by money market funds. The fund invests in debt obligations with a remaining maturity of 397 days or less. These include, but are not limited to, commercial paper, bank obligations, U.S. Government securities, other debt obligations issued by domestic or foreign companies. The fund will only purchase money market securities that are rated in the highest categories for short-term instruments. The fund may invest up to 30% of its assets in money market and debt instruments of foreign issuers denominated in U.S. dollars.
Director, Global Public Markets
The performance data quoted represents past performance, and is no guarantee of future results. Your returns and the principal value of your investment will fluctuate so that your accumulation units or shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance results would have been lower. Since Inception performance shown is cumulative for funds that have less than one year of performance history. For investments with exceptional performance, please note that performance fluctuates and currently may be lower than noted here.
|U.S. Government Agency Securities||25.44%|
|U.S. Treasury Bills / Notes||16.24%|
|Floating Rate Securities, Government||10.13%|
|Certificates of Deposit||3.31%|
|Other Assets & Liabilities, Net||0.01%|
Fixed Income Investments
|0 - 30 Days||33.76%|
|31 - 60 Days||26.49%|
|61 - 90 Days||16.92%|
Beginning August 27, 2013, part or all of the investment management fees are being voluntarily waived. In addition, Advisors is reimbursing certain other fund expenses. Beginning October 1, 2009, part or all of the 12b-1 distribution expenses are being voluntarily waived. Without these changes, the 7-day current and effective net annualized yields and total returns for the fund would have been lower. The suspension of reimbursements and the addition of waivers are voluntary and may be discontinued at any time without notice.
An investment in the fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other U.S. government agency. The fund will attempt to maintain a stable net asset value of $1.00 per share, but it is possible to lose money by investing in the fund. The current yield more closely reflects the fund's current earnings than does the total return.
1The fund's Institutional Class began operations on 07/01/1999. Performance shown for the Since Inception period and prior to the inception of the Premier Class is based on the performance of the fund's Institutional Class. Performance has not been restated to reflect the higher expenses of the Premier Class. If the expense differential had been reflected, performance for these periods would have been lower.
2The iMoneyNet Money Fund Averages – All Taxable category is a simple average of over 1,000 taxable money market funds and you cannot invest directly in it.
3The performance shown for the benchmark is computed from August 1999.
Morningstar is an independent service that rates mutual funds and variable annuities.
For each fund/account with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's/account's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Where applicable, Morningstar's performance rankings are based on linked performance that considers the differences in expense ratios, while actual performance data shown does not reflect such differences.
The top 10 percent of funds/accounts in a category receive five stars, the next 22.5 percent receive four stars, and the next 35 percent receive three stars, the next 22.5 percent receive two stars and the bottom 10 percent receive one star. (Each share class is counted as a fraction of one fund/account within this scale and rated separately, which may cause slight variations in the distribution percentages.) Morningstar proprietary ratings on U.S.-domiciled funds/accounts reflect historical risk-adjusted performance, are subject to change every month. They are derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Please note, Morningstar now rates group variable annuities within the open-end mutual fund universe.
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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.
Level of risk is defined using the 3 Year Standard Deviation of the Investment.
Following risk measures below are based on a 3 Year period.