TIAA-CREF Funds - Retirement Class

Short-Term Bond  (TISRX)

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

Net asset value as of 11/26/2014 : $10.42
Total return year-to-date as of 11/26/2014 : 1.16%
Fund's net invested assets as of 09/30/2014 : $1.42 billion
Gross Expense Ratio : 0.53%
Net Expense Ratio 1 : 0.53%
Inception date : 03/31/2006
Investment class : Fixed Income

As of 11/25/2014 : 30-day SEC Yield 2 : 1.04%
Performance Comparison
  Performance Data
as of 11/26/2014
Average Annual Total Returns
as of 10/31/2014
  Net Asset
1 Year 3 Year 5 Year 10 Year Since Inception
Short-Term Bond $10.42 0.00% 1.16% 0.88% 1.53% 2.31% -- 3.25%
Barclays U.S. 1-3 Year Government/Credit Index 3, 4 -- + 0.01% 0.97% 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.

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 July 31, 2014 (except for the 0.25% service fee that pays for expenses related to offering Retirement Class shares on a retirement or other distribution platform), 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 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.
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”).
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., 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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© 2014 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017