Intelligent Variable Annuity from TIAA-CREF Life Insurance Company

Wanger Select Fund

Seeks long-term capital appreciation. Under normal circumstances, the Portfolio invests a majority of its net assets in companies with market capitalizations under $20 billion at the time of the investment.

Unit value as of 06/30/2016 : $38.72
Total return year-to-date as of 06/30/2016 : -0.45%
Expense charge 1 : 1.33%
Inception date : 02/05/2008
Investment class : U.S. Equity
Performance Comparison
  Performance Data
as of 03/15/2016
Average Annual Total Returns
as of 02/29/2016
1 Year 3 Year 5 Year 10 Year Since Inception
Wanger Select Fund $37.53 -0.77% -3.51% -9.14% 5.66% 3.60% -- 4.33%
S&P Midcap 400 Index 2 -- -0.68% -0.07% -- -- -- -- --

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 this fund is subject to include investment strategy risk, market risk, smaller company securities risk, sector risk, foreign securities risk, emerging market securities risk, and non-diversified mutual fund risk.

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

Includes both separate account and fund level charges. The maximum total annual expense charge without the waiver is 1.73%. Separate account charges reflect the highest possible mortality and expense risk charge although they may be lower. The unit value reflects the election of the Guaranteed Minimum Death Benefit. See the prospectus for additional information.
The S&P MidCap 400 provides investors with a benchmark for mid-sized companies. The index covers over 7% of the U.S. equity market, and seeks to remain an accurate measure of mid-sized companies, reflecting the risk and return characteristics of the broader mid-cap universe on an on-going basis. You cannot invest directly in this index. Russell Midcap is a trademark and service mark of the Frank Russell Company. TIAA-CREF products are not promoted or sponsored by, or affiliated with, the Frank Russell Company.

TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributes securities products. Intelligent Variable Annuity is issued by TIAA-CREF Life Insurance Company, 730 Third Avenue, New York, NY 10017.

Investment, 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.

© 2014 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017