TIAA-CREF Funds - Retail Class

Global Natural Resources  (TNRLX)

The Fund seeks a favorable long-term total return, mainly through capital appreciation, from investments related to the natural resources sector.

Net asset value as of 07/29/2016 : $7.62
Fund's net invested assets as of 03/31/2015 : $261.63 million
Gross Expense Ratio : 1.16%
Net Expense Ratio 1 : 1.14%
Inception date : 11/01/2011
Investment class : World
Performance Comparison
  Performance Data
as of 03/15/2016
Average Annual Total Returns
as of 02/29/2016
  Net Asset
1 Year 3 Year 5 Year 10 Year Since Inception
Global Natural Resources 2 $6.66 -1.19% 1.37% -26.55% -13.41% -- -- -8.58%
MSCI All Country World Commodity Producers Sector Capped Index -- -1.44% 5.96% -- -- -- -- --

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 the fund is subject to include market risk, company risk, industry/sector risk, special risks for investing in natural resources, non-diversification risk, active management risk, foreign investment risks and emerging markets risk.The Fund is non-diversified meaning that it may invest in fewer investments than other mutual funds and its investments are concentrated within the natural resources sector.


The net annual expense ratio represents expenses after reimbursement and waivers, while the gross annual expense ratio represents expenses without any reimbursements and waivers. These expense reimbursement arrangements will continue through at least February 28, 2015 and can only be changed with approval of the Board of Trustees. Without these waivers and reimbursements, the Fund expenses would be higher and their performance would have been lower
The MSCI All Country World Commodity Producers Sector Capped Index (the “Index”) is a free float-adjusted index that tracks the overall performance of stocks of commodity producers in 24 developed market and 21 emerging market countries around the world. You cannot invest directly in this index.

TIAA-CREF Individual & Institutional Services, LLC, and Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, members FINRA and SIPC, distribute 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.

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