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: 0.75% of average daily net assets for Retail Class shares of the Fund. These expense reimbursement arrangements will continue through at least July 31, 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
|$427.40M||0.92% / 0.75%||1.70%|
|$10.03 - $10.52|
|As of close||As of||As of|
Based on risk adjusted returns
The fund seeks a favorable long-term total return through income and capital appreciation while giving special consideration to certain social criteria. It typically invests at least 80% of its assets in broad range of investment-grade bonds, including, but not limited to, U.S. Government securities, corporate bonds, taxable municipal securities and mortgage-backed or other asset-backed securities. The fund's investments in fixed-income securities issued by corporate entities and certain foreign government entities are subject to environmental, social and governance criteria. Additionally, the fund invests a portion of its assets in fixed-income instruments that reflect proactive social investments. These investments provide direct exposure to socially beneficial issuers and/or individual projects. The fund may invest up to 20% of its assets in fixed-income securities of foreign issuers, including emerging markets.
Managing Director, Global Public Markets
Managing Director, Global Public Markets
STEPHEN LIBERATORE, CFA Managing Director, Global Public Markets
JOSEPH HIGGINS, CFA Managing 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.
|Foreign Government And Corporate Bonds Denominated In U.S. Dollars||15.05%|
|Mortgage-Backed Securities (Includes MPT & CMOS)||13.01%|
|U.S. Agency Securities||8.63%|
|U.S. Treasury Securities||8.13%|
|Bank Loan Obligations||1.27%|
|Short-Term Investments, Other Assets & Liabilities, Net||4.94%|
|Market Value ($)||% of|
|U.S. Treasury Note 1.375%, 02/29/20||15.4M||3.60%|
|U.S. Treasury Bond 3.000%, 11/15/44||11.3M||2.64%|
|U.S. Treasury Note 2.000%, 02/15/25||6.8M||1.58%|
|FGLMC 3.500%, 04/01/44||6.6M||1.55%|
|FNMA 3.000%, 02/01/43||4.7M||1.10%|
|FGLMC 4.000%, 08/01/44||3.5M||0.82%|
|Continental Wind LLC 6.000%, 02/28/33||3.2M||0.74%|
|Solar Star Funding LLC 3.950%, 06/30/35||3.1M||0.72%|
|FNMA 1.625%, 01/21/20||3.0M||0.70%|
|Canada Government International Bond 1.125%, 03/19/18||3.0M||0.70%|
The Fund is subject to environmental, social and governance (ESG) criteria risk, namely the risk that because the Fund’s ESG criteria exclude securities of certain issuers for non-financial reasons, the Fund may forgo some market opportunities available to funds that do not use these criteria. Fixed-income securities are subject to interest-rate risk. When interest rates rise, the value of fixed-income securities generally declines. Investments in inflation-linked securities can be affected by changes in investors’ inflation expectations or changes in real interest rates.
1The Barclays U.S. Aggregate Bond Index measures the performance of the U.S. investment-grade, fixed-rate bond market, including government and credit securities, agency mortgage pass-through securities, asset-backed securities and commercial mortgage-backed securities. You cannot invest directly in this index.
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.