TIAA-CREF Funds - Retail Class

Short-Term Bond  (TCTRX)

The fund seeks high current income consistent with preservation of capital.

Net asset value as of 11/25/2014 : $10.41
Total return year-to-date as of 11/25/2014 : 1.00%
Fund's net invested assets as of 09/30/2014 : $1.42 billion
Gross Expense Ratio : 0.60%
Net Expense Ratio : 0.60%
Inception date : 03/31/2006
Investment class : Fixed Income

As of 11/24/2014 : 30-day SEC Yield 1 : 0.98%
Performance Comparison
  Performance Data
as of 11/24/2014
Average Annual Total Returns
as of 10/31/2014
  Net Asset
Values
Net
Change
YTD
Return
1 Year 3 Year 5 Year 10 Year Since Inception
Short-Term Bond $10.41 0.00% 1.00% 0.92% 1.46% 2.29% -- 3.30%
Barclays U.S. 1-3 Year Government/Credit Index 2, 3 -- + 0.02% 0.93% 0.89% 0.94% 1.45% -- 3.08%

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 shares, 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.

1.
The fund's 30-day SEC yield is based on yield to maturity of a fund's investments over a 30-day period and not on the dividends paid by the fund, which may differ.
2.
Quarterly performance for Barclays 1-3 Year Index is not displayed as of 12/31/2013. Effective January 1, 2014 the Fund’s benchmark index changed from the Barclays U.S. 1-5 Year Government/Credit Bond Index (the “Barclays 1-5 Year Index”) to the Barclays U.S. 1-3 Year Government/Credit Bond Index (the “Barclays 1-3 Year Index”).
3.
The Barclays U.S. 1-3 Year Government/Credit Bond Index measures the performance primarily of U.S. Treasury and agency and corporate bonds with 1- to 3-year maturities. The securities in the index must be rated investment-grade or higher by at least two rating agencies. You cannot invest directly in any index. Index returns do not reflect a deduction for fees or expenses.

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