Intelligent Variable Annuity from TIAA-CREF Life Insurance Company

PIMCO VIT Commodity Real Return Strategy Portfolo - Inst. Class

The Portfolio seeks maximum total return, consistent with prudent investment management. The Portfolio invests under normal circumstances in commodity-linked derivative instruments backed by a portfolio of inflation-indexed securities and other Fixed Income Instruments.

Unit value as of 06/30/2016 : $17.42
Total return year-to-date as of 06/30/2016 : 15.74%
Expense charge 1 : 1.38%
Inception date : 11/01/2013
Investment class : Sector Specific
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
PIMCO VIT Commodity Real Return Strategy Portfolo - Inst. Class $15.07 -0.99% 0.17% -29.18% -- -- -- -20.86%
Bloomberg Commodity Index Total Return 2 -- -0.77% 0.39% -- -- -- -- --

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 interest rate risk, credit risk, high yield risk, market risk, issuer risk, liquidity risk, derivatives risk, commodity risk, equity risk, mortgage-related and other asset-backed securities risk, foreign (non-U.S.) investment risk, emerging markets risk, currency risk, issuer non-diversification risk, leveraging risk, management risk, tax risk, subsidiary risk, and short sale 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 1.71%. 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 Bloomberg Commodity Index Total Return* reflects no deductions for fees, expenses or taxes.
(*formerly the Dow Jones-UBS Commodity Index Total Return)

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