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Net asset value as of 12/01/2008: $7.47 Total return year-to-date as of 12/01/2008: -22.63% Fund's net invested assets as of 09/30/2008: $13.64 million Gross Expense Ratio: 1.47% Net Expense Ratio*: 0.36% Inception date: 11/30/2007 Investment class: Lifecycle |
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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.
| 1. | The "Since Inception" values presented are cumulative values and not average annualized total returns. |
| * | The annual expense ratios include the fees of the underlying funds in which the Lifecycle Funds invest. The underlying fund expenses are 0.36% for the Lifecycle Retirement Income Fund. The fund's adviser has contractually agreed to waive its 0.10% management fee on each Lifecycle Fund through at least April 30, 2009. In addition, the fund's adviser has contracted to reimburse the fund for all of the "Other Expenses" of the Institutional Share Class through April 30, 2009. |
| † | The fund's benchmark is a weighted average of the benchmarks for each of the underlying funds in which the fund invests. The fund's target allocations to each underlying fund will change as the fund approaches its target retirement date, and the benchmark weightings will change accordingly. |
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. TIAA (Teachers Insurance and Annuity Association) New York, NY issues annuities. Investment products are not FDIC insured, may lose value, and are not bank guaranteed.
© 2008 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017
