Due to a fund merger approved by shareholders, the shares previously owned in the TIAA-CREF Mutual Funds were merged into shares of corresponding TIAA-CREF Institutional Mutual Funds. View fund merger information.
| Retail Class - Institutional Mutual Funds1 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Performance Data2 as of 07/03/2008 |
Average Annual Total Returns2 as of 06/30/2008 | |||||||
| Net Asset Values |
Net Change |
YTD Return3 |
1 Year | 3 Year | 5 Year | 10 Year | Since Inception3 | |
| International | ||||||||
| International Equity* | $7.50 | 0.00 | 0.00% | -15.27% | 14.50% | 17.41% | -- | 7.29% |
| U.S. Equity | ||||||||
| Equity Index* | $9.49 |  -0.02 |
0.00% | -12.79% | 4.60% | 8.23% | -- | 1.60% |
| Growth & Income* | $10.72 | 0.00 | 0.00% | -4.27% | 10.03% | 10.83% | -- | 2.11% |
| Large-Cap Growth | $10.27 | -0.01 |
0.00% | 0.53% | -- | -- | -- | 4.96% |
| Large-Cap Value | $12.05 | -0.03 |
0.00% | -22.82% | 2.44% | 9.01% | -- | 10.94% |
| Mid-Cap Growth | $16.74 | -0.24 |
0.00% | -2.27% | 8.18% | 12.52% | -- | 15.82% |
| Mid-Cap Value | $15.78 | -0.10 |
0.00% | -13.02% | 7.54% | 15.05% | -- | 16.81% |
| Small-Cap Equity | $11.96 | -0.11 |
0.00% | -18.12% | 2.65% | 9.70% | -- | 12.50% |
| Social Choice Equity* | $9.50 | -0.03 |
0.00% | -11.71% | 4.91% | 8.25% | -- | 1.59% |
| Fixed Income | ||||||||
| Bond* | $10.05 | -0.01 |
0.00% | 5.93% | 3.47% | 3.42% | -- | 5.81% |
| Bond Plus II | $9.73 | -0.01 |
0.00% | 3.20% | -- | -- | -- | 3.88% |
| High-Yield II | $9.23 | -0.02 |
0.00% | -0.09% | -- | -- | -- | 3.99% |
| Inflation-Linked Bond | $10.63 |  +0.02 |
0.00% | 14.70% | 5.23% | 5.58% | -- | 6.15% |
| Short-Term Bond II | $9.98 | +0.01 |
0.00% | 4.50% | -- | -- | -- | 4.49% |
| Tax-Exempt Bond II | $10.06 | +0.01 |
0.00% | 3.74% | -- | -- | -- | 3.59% |
| Asset Allocation | ||||||||
| Managed Allocation II | $9.68 | -0.02 |
0.00% | -6.55% | -- | -- | -- | 3.05% |
| Real Estate | ||||||||
| Real Estate Securities | $9.99 | -0.07 |
0.00% | -15.50% | 2.26% | 12.59% | -- | 14.53% |
| Lifecycle | ||||||||
| Lifecycle Retirement Income | $9.20 | -0.01 |
0.00% | -- | -- | -- | -- | -4.66% |
| Money Market | ||||||||
| Money Market4,* | $1.00 | 0.00 | 0.00% | 4.11% | 4.53% | 3.34% | -- | 3.58% |
| 7-day current annualized yield 2.25% as of 07/02/2008 7-day effective annualized yield 2.28% as of 07/02/2008 |
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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 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.
| * | The fund's Institutional Class began operations on July 1, 1999. Performance shown prior to the inception of the Retail Class is based on the performance of the fund's Institutional Class. Performance has not been restated to reflect the higher expenses of the Retail Class. If the expense differential had been reflected, performance for these periods would have been lower. |
TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc. distribute securities products. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please click here or call 1 877 518-9161 for a prospectus that contains this and other information. Please read the prospectus carefully before investing. Investment products are not FDIC insured, may lose value, and are not guaranteed.
© 2008 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017
