Intelligent Variable Annuity from TIAA-CREF Life Insurance Company

DFA VA Global Bond Portfolio

Seeks to provide a market rate of return for a fixed income portfolio with a low relative volatility of returns. The VA Global Bond Portfolio seeks to achieve its investment objective by generally investing in a universe of U.S. and foreign debt securities maturing in five years or less.

Unit value as of 07/29/2016 : $27.10
Total return year-to-date as of 07/29/2016 : 3.49%
Expense charge 1 : 0.85%
Fund inception date : 05/01/2012
Investment class : Fixed Income
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
DFA VA Global Bond Portfolio $26.42 0.00% 0.91% 1.41% 1.15% -- -- 1.56%
Citigroup World Government Bond Index 1-5 Year Currency Hedged U.S. Dollar; 2 -- -0.03% 0.68% -- -- -- -- --

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 market risk, foreign securities and currencies risk, interest rate risk, credit risk, income risk, derivatives, and securities lending risk.

Includes both separate account and fund level charges. The maximum total annual expense charge without the waiver is 1.05%. 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 Citigroup World Government Bond Index 1-5 Year Currency Hedged U.S. Dollar is a comprehensive measure of the total return performance of the government bond markets of approximately 22 countries with maturities ranging from one to five years.You can not invest directly in this index.

TIAA-CREF Individual & Institutional Services, 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