Personal Annuity Select from TIAA-CREF Life Insurance Company

Large-Cap Value

The fund seeks a favorable long-term total return, mainly through capital appreciation, primarily from equity securities of large domestic companies.

Unit value as of 04/17/2014 : $68.4533
Total return year-to-date as of 04/17/2014 : 0.83%
Expense charge 1 : 1.12%
Net invested assets as of 03/31/2014 : $22.95 million
Inception date : 10/28/2002
Investment class : U.S. Equity
Performance Comparison
  Performance Data
as of 04/17/2014
Average Annual Total Returns
as of 03/31/2014
  Unit
Values
Net
Change
YTD
Return
1 Year 3 Year 5 Year 10 Year Since Inception
Large-Cap Value $68.4533 + 0.29% 0.83% 20.91% 12.64% 21.45% 7.18% 9.45%
Russell 1000® Value Index 2 -- + 0.26% 2.93% -- -- -- -- --

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, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above. For investments with exceptional performance, please note that performance fluctuates and currently may be lower than noted here.

The risks that the fund is subject to include market risk, company risk, large-cap risk, style risk, value investing risk, active management risk, and foreign investment risk.

For a detailed discussion of risk, please consult the prospectus.

1.
Includes both separate account and fund level charges. A portion of the separate account charges has been waived. The maximum total annual expense charge without the waiver is 1.50%. TIAA-CREF Life will provide at least 3 months notice before it raises these charges.
2.
The Russell 1000® Value Index measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Value Index is a registered trademark of the Frank Russell Company. Our funds are not promoted or sponsored by or affiliated with the Frank Russell Company. You cannot invest directly in this index.

© 2013 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017