¹ - Source: LIMRA, Not-for-Profit Market Survey, first-quarter 2011 results. Based on a survey of 30 companies. TIAA-CREF ranked first in total assets under management. Ranking does not reflect investment performance.

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY.

For Institutional Investor Use Only. Not for Use With or Distribution to the Public.

©2011 Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF), New York, NY 10017