Intelligent Variable Annuity from TIAA-CREF Life Insurance Company

DFA VA International Small Portfolio

Seeks long-term capital appreciation. The VA International Small Portfolio, using a market capitalization weighted approach, purchases securities of (1) Japanese small companies; (2) United Kingdom small companies; (3) small companies organized under the laws of certain European countries; (4) small companies associated with Australia, New Zealand and Pacific Rim Asian countries; and (5) Canadian small companies.

Unit value as of 08/28/2014 : $34.38
Total return year-to-date as of 08/28/2014 : 3.98%
Expense charge 1 : 1.25%
Fund inception date : 05/01/2012
Investment class : International
Performance Comparison
  Performance Data
as of 08/27/2014
Average Annual Total Returns
as of 07/31/2014
  Unit
Values
Net
Change
YTD
Return
1 Year 3 Year 5 Year 10 Year Since Inception
DFA VA International Small Portfolio $34.57 0.00% 4.55% 18.52% -- -- -- 14.84%
MSCI World ex USA Small Cap Index (net dividends); 2 -- + 0.39% 4.92% -- -- -- -- --

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, small company risk, derivatives risk, and securities lending risk.

1.
Includes both separate account and fund level charges. The maximum total annual expense charge without the waiver is 1.45%. 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.
2.
The MSCI World ex U.S. Small Cap Index(Net) is a free float-adjusted market capitalization index that is designed to measure global developed market equity performance, excluding the U.S. The MSCI Small Cap Indices target 40% of the eligible Small Cap universe within each industry group, within each country.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