Mutual Funds: Morningstar Ratings

In the table below you'll find Morningstar's* most recent star rating for TIAA-CREF Funds - Retail Class.**

TIAA-CREF Funds - Retail Class
  Overall Ratings 03/31/2015 1 3 Year 5 Year 10 Year
Foreign Large Blend Out of 635 Out of 635 Out of 566 Out of 308
International Equity
High-Yield Bond Out of 595 Out of 595 Out of 501 - -
High-Yield --
Inflation-Protected Bond Out of 192 Out of 192 Out of 174 Out of 87
Inflation-Linked Bond
Intermediate-Term Bond Out of 905 Out of 905 Out of 803 Out of 584
Bond Plus --
Large Blend Out of 1,333 Out of 1,333 Out of 1,184 Out of 808
Equity Index
Growth & Income
Social Choice Equity
Large Growth Out of 1,551 Out of 1,551 Out of 1,328 - -
Large-Cap Growth --
Large Value Out of 1,125 Out of 1,125 Out of 991 Out of 689
Large-Cap Value
Mid-Cap Growth Out of 655 Out of 655 Out of 586 Out of 436
Mid-Cap Growth
Mid-Cap Value Out of 415 Out of 415 Out of 349 Out of 232
Mid-Cap Value
Moderate Allocation Out of 787 Out of 787 Out of 697 - -
Managed Allocation --
Muni National Long Out of 269 Out of 269 Out of 235 - -
Tax-Exempt Bond --
Short-Term Bond Out of 449 Out of 449 Out of 390 - -
Short-Term Bond --
Small Blend Out of 620 Out of 620 Out of 559 Out of 360
Small-Cap Equity
Specialty-Real Estate Out of 234 Out of 234 Out of 190 Out of 150
Real Estate Securities
Retirement Income Out of 150 Out of 150 Out of 136 - -
Lifecycle Retirement Income --

Data provided by Morningstar, Inc. © 2015 All rights reserved

The overall star ratings are Morningstar's published ratings, which are weighted averages of its 3-, 5-, and 10-year ratings for periods ending March 31, 2015. For more information about the 3-, 5-, and 10-year ratings for each fund, please refer to each fund's report using the links above.

*Morningstar, Inc., March 31, 2015. Morningstar is an independent service that rates mutual funds and variable annuities.

For each fund/account with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's/account's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Where applicable, Morningstar's performance rankings are based on linked performance that considers the differences in expense ratios, while actual performance data shown does not reflect such differences.

The top 10 percent of funds/accounts in a category receive five stars, the next 22.5 percent receive four stars, and the next 35 percent receive three stars, the next 22.5 percent receive two stars and the bottom 10 percent receive one star. (Each share class is counted as a fraction of one fund/account within this scale and rated separately, which may cause slight variations in the distribution percentages.) Morningstar proprietary ratings on U.S.-domiciled funds/accounts reflect historical risk-adjusted performance, are subject to change every month. They are derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

Although Morningstar data are gathered from reliable sources, neither Morningstar nor TIAA-CREF can guarantee its completeness and accuracy. Morningstar does not rate money market funds/accounts and the other TIAA-CREF Funds are too new to be rated. Past performance does not guarantee future results. Accumulation net asset values and returns will vary.

The information contained in these reports is the proprietary information of Morningstar, Inc., may not be copied or redistributed for any purpose and may only be used for non-commercial, personal purposes. Additionally, Morningstar, Inc. shall not be responsible for investment decisions, damages or other losses resulting from use of this information. Morningstar, Inc. has not granted consent for it to be considered or deemed an "expert" under the Securities Act of 1933.

**Mutual Fund performance information posted here is for the TIAA-CREF Funds - Retail Class only.

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distributes securities products. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please click here or call 877 518-9161 for a product and the underlying fund prospectuses that contains this and other information. Please read the prospectus carefully before investing. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, and 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