Socially Responsible Investment Performance
The performance data quoted represents past performance and is no guarantee of future results. Returns and the principal value of your contributions will fluctuate so that when sold may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance results would have been lower. Since Inception performance shown is cumulative for funds that have less than one year of performance history. For performance data current to the most recent month-end, please visit the performance section of tiaa.org and search for the respective fund.
Consider the investment objectives, risks, charges and expenses carefully. Go to tiaa.org for fund prospectuses that contain this and other information. Read carefully. Please note that investing involves market risk. Investments in fixed income securities are not guaranteed and are subject to interest rate, inflation, and credit risks. Investments in foreign securities are subject to special risks, including currency fluctuation and political and economic instability. Investments in socially responsible funds are subject to social criteria risk, namely the risk that because social criteria exclude securities of certain issuers for non-financial reasons, investors may forgo some market opportunities available to those that don’t use these criteria.
The risks that the fund is subject to include asset allocation risk, active management risk and social criteria risk, namely the risk that social criteria exclude securities of certain issuers for non-financial reasons; investors may forgo some market opportunities available to those that don’t use these criteria.
Allocations to each of these funds will be subject to fund operating expenses. Please refer to each fund’s current prospectus for a detailed description of all fees and expenses.
1Inception date is the date the investment initially launched.
2Estimated investment fee presented for the Socially Responsible blends is for illustrative purposes. The estimated fee represents the blended fee of the underlying funds according to their target percentages. Actual blended fees may vary as the ratio of underlying funds may deviate slightly on a daily basis from their target allocation.
3The annual expense charge may include fees for the Social Choice fund and fees for the underlying funds; in general, Social Choice Funds indirectly bear their pro rata share of the fees and expenses incurred by the underlying funds.
4The net expense ratio reflects a voluntary contractual arrangement that has the effect of reducing or limiting the expenses associated with the fund's operations. Without such an arrangement, currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 2/29/2020. Please see the prospectus for details.
5The net expense ratio reflects a voluntary contractual arrangement that has the effect of reducing or limiting the expenses associated with the fund's operations. Without such an arrangement, currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 7/31/2020. Please see the prospectus for details.
6The fund's benchmark is a weighted average of the benchmark for each of the underlying funds in which the fund invests. The composite index is created by applying the performance of the benchmark indices in proportion to each fund's target allocations across the market sectors.
7Data provided by Morningstar, Inc. ©2019 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Neither TIAA nor its affiliates has independently verified the accuracy or completeness of this information.
The benchmark for TIAA-CREF Social Choice Equity is the Russell 3000 Index. The benchmark for TIAA-CREF Social Choice Bond is the Bloomberg Barclays U.S. Aggregate Bond Index.
Russell 3000 TR USD: The index measures the performance of the largest 3000 US companies representing approximately 98% of the investable US equity market. It is market-capitalization weighted. Index returns do not reflect a deduction for fees or expenses. You cannot invest directly in any index.
Bloomberg Barclays US Aggregate Bond TR USD: The index measures the performance of investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM passthroughs), ABS, and CMBS. It rolls up into other Barclays flagship indices, such as the multi-currency Global Aggregate Index and the U.S. Universal Index, which includes high yield and emerging markets debt. Index returns do not reflect a deduction for fees or expenses. You cannot invest directly in any index.
Donors cannot recommend investments directly in any index. Index returns do not include a deduction for fees or expenses.
TIAA·CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., Evertrade Direct Brokerage, Inc. and Nuveen Securities, LLC, Members FINRA and SIPC distribute securities products. Investment 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.
Contributions to the Giving Fund are irrevocable. All recommendations from donors are subject to review and approval by TIAA Charitable.
TIAA Charitable does not provide tax advice. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.
TIAA Charitable is the brand name for an independent public charity that maintains a donor-advised fund program. The TIAA name is a registered mark of Teachers Insurance and Annuity Association of America and is used by TIAA Charitable pursuant to a license.
TIAA Charitable, Inc. has been recognized by the Internal Revenue Service as a tax-exempt public charity under Sections 501(c)(3) and 170(b)(1)(A)(vi) of the Internal Revenue Code of 1986, as amended (the “Code”).