MS 0006100061 Microsite Pages** 14 ECORR 61 University of Virginia 61 University of Virginia 2009-08-31T14:00:00.726 06/30/2009 61 University of Virginia VA N Y N N Premier Non-Sole Recordkeeper 0 http://www.tiaa-cref.org/uva VA Y 65 uva http://www.tiaa-cref.org/uva http://enroll.tiaamax.com/staging/uva http://www.hrs.virginia.edu/ Y 4 130 233 uva_img.gif Y Y 123 126 128 510 130 33396 33358 33357 123 UVA Cash Match Plan University of Virginia Cash Match Plan Academic Division Match Plan GRA 0 0 999999 004 0 1 1 0 1 0 1 1 Paper Online 1 Academic Division Match Plan: 100831 0 This is HARDCODED URL N Enroll By Mail <UL> <LI>Click the link(s) below to download the enrollment materials: </LI> <UL> <LI><A href="http://enroll.tiaa-cref.org/Resources/EF/ef_0006100061_123.pdf" target=_blank>Academic Division Match Plan </A></LI> <LI><A href="http://enroll.tiaa-cref.org/Resources/EF/ef_0006100061_126.pdf" target=_blank>Faculty Retirement Plan (FRP)</A></LI> <LI><A href="http://enroll.tiaamax.com/staging/Resources/EF/ef_0006100061_510.pdf" target=_blank>Medical Center Match Plan</A></LI> <LI><A href="http://enroll.tiaa-cref.org/Resources/EF/ef_0006100061_128.pdf" target=_blank>Medical Center Retirement Plan</A> </LI> <LI><A href="http://enroll.tiaa-cref.org/Resources/EF/ef_0006100061_130.pdf" target=_blank>Tax-Deferred Savings Program (TDSP)</A> </LI> <LI><A href="http://enroll.tiaa-cref.org/Resources/EF/ef_0006100061_5780.pdf" target=_blank>Tax Deferred Savings Program (TDSP) and Match Plan</A></LI></UL> <LI>Complete the fields as indicated </LI> <LI>Sign the forms as needed </LI> <LI>Submit the forms to:</LI></UL> <BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px"> <BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px"> UVA Human Resources 914 Emmet Street Charlottesville, VA 22904</BLOCKQUOTE></BLOCKQUOTE> Designating Your Beneficiaries Take a moment to review your beneficiary designation and determine if a change is desired. You can change your designation online at tiaa-cref.org/profile or submit a Designation of Beneficiary form.  Please download the form by clicking <A href="http://www.tiaa-cref.org/pdf/forms/F1387.pdf">here</A>. NOTE: To enroll in the TDSP or the TDSP and Match Plan, you must complete and submit a <A href="http://www.hrs.virginia.edu/forms/tdspformsalary.xls">Salary Reduction Agreement</A> in addition to the enrollment application, which you can download above. 100831 Y N Lifecycle Fund N 0 19000101 0 20070227 0 0 N CUSTOM To be eligible, employees must be eligible to participate in the Faculty Retirement Plan or the Virginia Retirement System (VRS) and must be participating in the Tax Deferred Savings Plan. Employer Match (D) STANDARD Fixed Percent 0 0 CUSTOM UVA matches 50% of the employee's contribution (up to $40 per month) to the TDSP. Y STANDARD STANDARD N Lump Sum Fixed Period IPRO Lifetime Income MDO (Minimum Distribution Option) RTB (Retirement Transition Benefit) Single Sum Death Benefit Small Sum Distribution SWAT (Systematic Withdrawals) TPA to Cash (Transfer Payout Annuity) STANDARD Y STANDARD N STANDARD 0 0 99 - 0 126 UVA 401(a) Faculty RP University of Virginia 401(a) Faculty Retirement Plan Faculty Retirement Plan (FRP) GRA 0 0 100833 001 0 1 1 0 1 0 1 1 Paper Online 1 Faculty Retirement Plan (FRP): 100833 0 This is HARDCODED URL N 100833 Y N Money Market Fund N 0 19000101 0 20070227 0 0 N CUSTOM All full-time and part-time (minimum of 50% effort) salaried teaching and administrative faculty with an appointment of at least six months are eligible to participate immediately in this plan. Visiting faculty members are not eligible to participate in the plan. Employee Pre-Tax (E) Employer (F) CUSTOM Those employees hired prior to January 1, 1991 receive either 10.4% on their entire salary or 11.5% on a maximum of $100,000, which ever is greater. Those employees hired on or after January 1, 1991 receive 10.4%. None 0 0 STANDARD Y STANDARD STANDARD N Lump Sum Fixed Period IPRO Lifetime Income MDO (Minimum Distribution Option) RTB (Retirement Transition Benefit) Single Sum Death Benefit Small Sum Distribution SWAT (Systematic Withdrawals) TPA to Cash (Transfer Payout Annuity) STANDARD Y STANDARD N STANDARD 0 1 102 - 1 128 UVA Medical Center RP University of Virginia Medical Center Retirement Plan Medical Center Retirement Plan GRA 0 0 100832 003 0 RETIREMENT PLAN ENROLLMENT BOOK FOR MEDICAL CENTER EMPLOYEES University of Virginia 1 1 1 1 0 1 1 Paper Online 1 Medical Center Retirement Plan: 100832 0 This is HARDCODED URL N 100832 Y N Money Market Fund N 0 19000101 0 20070227 0 0 Y CUSTOM Full-time and part-time Medical Center salaried employees are eligible to participate in this plan. Employer Match (D) Employee Pre-Tax Matched (A) Employer (F) CUSTOM For eligible employees hired on or after September 30, 2002 the contribution rate is 4%, and for eligible employees hired prior to September 30, 2002 the contribution rate is 8%. None 0 0 STANDARD Y CUSTOM All eligible employees are vested 50% immediately. Those hired on or after September 30, 2002 are vested 100% after 24 months of continuous service, and those hired prior to September 30, 2002 are 100% vested after 12 months of continuous service. STANDARD N Lump Sum Fixed Period IPRO Lifetime Income MDO (Minimum Distribution Option) Single Sum Death Benefit Small Sum Distribution SWAT (Systematic Withdrawals) TPA to Cash (Transfer Payout Annuity) STANDARD Y STANDARD N STANDARD 0 0 104 - 0 510 UVA Medical Center MP University of Virginia Medical Center Match Plan Medical Center Match Plan GRA 0 0 999999 004 0 1 1 0 1 0 1 1 Paper Online 0 Medical Center Match Plan: 100841 0 This is HARDCODED URL N 100841 Y N Money Market Fund N 0 19000101 0 20070227 0 0 N CUSTOM To be eligible, employees must be eligible to participate in the Medical Center Retirement Plan or the Virginia Retirement System (VRS) and must be participating in the Tax Deferred Savings Plan. Employer Match (D) STANDARD Fixed Percent 0 0 CUSTOM For eligible employees hired on or after September 30, 2002 the Medical Center matches 50% of an employee's contribution to the TDSP up to 4% of salary. This match provides an overall contribution maximum of 2% of base salary. For eligible employees hired prior to September 30, 2002 the Medical Center matches 50% of the employee's contribution (up to $40 per month) to the TDSP. Y STANDARD STANDARD N Lump Sum Fixed Period IPRO Lifetime Income MDO (Minimum Distribution Option) RTB (Retirement Transition Benefit) Single Sum Death Benefit Small Sum Distribution SWAT (Systematic Withdrawals) TPA to Cash (Transfer Payout Annuity) STANDARD Y STANDARD N STANDARD 0 0 291 - 0 130 UVA Tax-Deferred Savings Plan University of Virginia Tax-Deferred Savings Plan Tax-Deferred Savings Program (TDSP) GSRA 0 0 100835 002 0 TAX-DEFERRED SAVINGS PROGRAM (TDSP) 1 1 1 1 0 1 1 Paper Online 1 Tax-Deferred Savings Program (TDSP): 100835 0 This is HARDCODED URL N 100835 Y N Lifecycle Fund N 0 20090722 0 20070227 0 1 Y CUSTOM All Academic and Medical Center employees are eligible to participate immediately in this plan. Employee Pre-Tax (E) Rollover (9) STANDARD None 0 0 CUSTOM The UVA Academic Division and Medical Center matches employee contributions to the TDSP for certain eligible employees. Please select the appropriate Cash Match Plan link to the right to learn more about who is eligible and what the current cash match contributions are. Y STANDARD STANDARD N Lump Sum Fixed Period IPRO Lifetime Income MDO (Minimum Distribution Option) RTB (Retirement Transition Benefit) Single Sum Death Benefit Small Sum Distribution SWAT (Systematic Withdrawals) TPA to Cash (Transfer Payout Annuity) STANDARD Y STANDARD Y STANDARD 0 1 106 - 0 Equities Variable Annuity CREF Equity Index Account 008 0 1 Proprietary Accounts - Equity n/a 41518 The investment seeks long-term return. The fund attempts to track the U.S. stock market as a whole by investing substantially all of its assets in stocks included in the Russell 3000 index. It does not hold all 3000 of the stocks included in the index. Instead, it may use a sampling method to try to emulate the index's overall investment characteristics. 194408308 121 122 123 124 125 126 127 128 129 130 510 5780 04/29/1994 16.68 4.01 -26.74 -2.22 -1.78 6.43 0.00 90 105 25 34 44 49 90 104 105 121 122 CREF Global Equities Account 006 0 1 Proprietary Funds - International n/a 41518 The investment seeks long-term total return. The fund invests at least 80% of assets in equity securities of foreign and domestic companies. It may invest at least 40% of assets in foreign securities and at least 25% in domestic securities. The remaining 35% is distributed between foreign and domestic securities. 194408100 121 122 124 125 129 130 5780 05/01/1992 20.91 7.38 -30.36 -0.56 -1.08 5.88 0.00 90 105 25 34 44 90 104 105 107 121 122 CREF Growth Account 007 0 1 Proprietary Accounts - Growth n/a 41518 The investment seeks total return. The account normally invests at least 80% of assets in common stocks and other equity securities. It invests primarily in large, well-known, established companies, particularly when we believe they have new or innovative products, services, or processes that enhance future earnings prospects. The fund may invest in smaller, less seasoned companies with growth potential as well as companies in new and emerging areas of the economy. It invest up to 20% of its assets in foreign securities. 194408209 121 122 124 125 129 130 5780 04/29/1994 15.55 10.96 -26.02 -2.01 -5.01 4.74 0.00 90 105 25 34 44 49 90 104 105 121 122 CREF Stock Account 002 0 1 Proprietary Account - Stock n/a 41518 The investment seeks long-term total return. The fund invests in foreign stocks and other equity securities. It also may invest in fixed-income securities and money market instruments traded on foreign exchanges, in other foreign securities markets or privately placed. The fund invests a portion of its foreign investments in emerging market securities and, to a lesser extent, foreign small-cap equities. It intents to transition weightings of its holdings to be approximately 70-75% domestic equities and 25-30% foreign equities, with approximately 5% of the Account comprised of emerging market investments. 194408803 121 122 123 124 125 126 127 128 129 130 510 5780 08/01/1952 19.57 6.91 -27.61 -0.84 -1.04 9.43 0.00 90 105 25 34 44 49 90 104 105 121 122 Mutual Fund American Funds Growth Fund of America RGAFX 310 0 1 Non-Proprietary Funds - Equity R5 41518 The investment seeks capital growth by investing in common stocks. The fund primarily invests in high potential growth companies. It may also invest up to 15% of assets in securities of issuers domiciled outside the United States and Canada and not included in Standard & Poor's 500 Composite index. It may invest up to 10% of assets in lower quality nonconvertible debt securities. 399874833 123 126 128 510 Large Growth RGAFX 05/15/2002 16.85 12.28 -26.51 0.84 2.63 0.37 40 34 40 44 49 104 121 122 Columbia Small Cap Value Z CSCZX 609 0 1 Non-Proprietary Funds - Equity Z 41518 The investment seeks long-term capital growth. The fund normally invests at least 80% of assets in common stocks issued by domestic companies with market capitalizations equal to or less than the largest stock in the Russell 2000 Value Index. It uses quantitative sampling techniques to select a stock portfolio that it believes to be representative of the small-stock universe. 19765N567 123 126 128 510 Small Value CSCZX 07/28/1995 19.42 0.62 -20.53 0.07 6.55 7.42 1.05 40 34 40 44 49 104 121 122 123 Eaton Vance Large-Cap Value EILVX 595 0 1 Non-Proprietary Funds - Equity I 41518 The investment seeks total return. The fund normally invests primarily in value stocks of large-cap companies. It normally invests at least 80% of net assets in equity securities of large-cap companies. The fund primarily invests in dividend-paying stocks. It may invest in convertible debt securities (including securities rated below investment grade). The fund may also invest in real estate investment trusts for income. 277905642 123 126 128 510 Large Value EILVX 12/28/2004 12.19 -3.60 -31.77 -1.57 0.77 40 34 40 44 49 104 121 122 Lazard Emerging Markets LZOEX 623 0 1 Non-Proprietary Funds - International 41518 The investment seeks long-term capital appreciation. The fund normally invests at least 80% of assets in equity securities of companies whose principal business activities are located in emerging market countries but focuses on companies in Latin America, the Pacific Basin and Eastern Europe. It may also engage in foreign currency transactions and lending portfolio securities. 52106N764 123 126 128 510 Diversified Emerging Mkts LZOEX 01/08/1997 33.89 30.86 -26.11 16.94 10.57 6.97 1.54 40 34 40 44 59 121 122 Sentinel Small Company A SAGWX 632 0 1 Non-Proprietary Funds - Equity A 41518 The investment seeks growth of capital. The fund invests at least 80% of net assets in small-capitalization companies which have market capitalizations of less than $3 billion. It may invest up to 25% of the assets in securities within a single industry. For portfolio construction purposes, the fund uses the S&P Small-Cap 600 index as a sector-weighting guide. It attempts to be well-balanced across major economic sectors. 817270804 123 126 128 510 Small Growth SAGWX 03/01/1993 15.01 5.25 -22.24 0.47 7.46 9.49 1.22 40 34 40 44 104 121 122 Thornburg International Value TIVRX 571 0 1 Non-Proprietary Funds - International R5 41518 The investment seeks long-term capital appreciation. The fund normally invests at least 75% of assets in foreign securities or depository receipts of foreign securities. It may invest in developing countries. The fund typically makes equity investments in the following three types of companies: basic value companies with well established businesses whose stock is under valued; Consistent earner companies when they are selling at valuations below historic norms; and Emerging franchises that are in the process of establishing a leading position in a product, service or market expecting growth at an above average rate. 885215368 123 126 128 510 Foreign Large Blend TIVRX 02/01/2005 22.81 9.91 -26.44 5.10 1.02 40 34 40 44 59 104 121 122 TIAA-CREF Equity Index Fund TIQRX 373 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund primarily invests in a portfolio of equity securities selected to track the overall U.S. equity markets based on a market index. Its benchmark is Russell 3000 index. 886315753 130 5780 Large Blend TIQRX 03/31/2006 16.64 4.05 -26.58 -8.48 0.33 34 44 49 57 121 122 TIAA-CREF Growth and Income Fund TRGIX 011 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term return. The fund normally invests at least 80% of net assets in income-producing equity securities. It invests primarily in income-producing equity securities or other securities defined by its benchmark index, the Standard & Poor’s 500 (S&P 500) index. The fund also may invest in rapidly growing smaller companies and may invest up to 20% of total assets in foreign investments. 87244W763 130 5780 Large Blend TRGIX 10/01/2002 13.97 5.04 -23.76 1.31 5.35 0.75 34 44 49 104 121 122 TIAA-CREF International Equity Fund TRERX 013 0 1 Proprietary Funds - International Retirement 41518 The investment seeks favorable long-term returns. The fund normally invests at least 80% of net assets in equity securities of foreign issuers. It has a policy of maintaining investments of equity securities of foreign issuers in at least three countries other than the United States. The fund may sometimes hold a significant amount of stocks of smaller, lesser-known companies. The fund’s sector and country exposure is regularly managed against the Morgan Stanley Capital International EAFE (Europe, Australasia, Far East) Index. 87244W748 130 5780 Foreign Large Blend TRERX 10/01/2002 25.13 5.61 -34.78 0.60 7.20 0.79 27 34 44 104 107 121 122 131 TIAA-CREF International Equity Index Fund TRIEX 027 0 1 Proprietary Funds - International Retirement 41518 The investment seeks a favorable long-term total return. The fund invests primarily in a portfolio of foreign equity investments based on a market index. Its benchmark is MSCI EAFE index. 87244W490 130 5780 Foreign Large Blend TRIEX 10/01/2002 25.23 6.37 -30.98 2.12 8.05 0.36 34 44 104 107 121 122 131 TIAA-CREF Large-Cap Growth Fund TILRX 348 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term return. The fund normally invests at least 80% of assets in large-cap equity securities. Large-cap securities are securities of issuers with a capitalization equal to or greater than the top 80% of issuers by capitalization within the Russell 1000 Index at the time of purchase. It may invest up to 20% of total assets in foreign investments. 87244W326 130 5780 Large Growth TILRX 03/31/2006 13.72 9.87 -28.20 -6.70 0.78 34 44 49 121 122 TIAA-CREF Large-Cap Growth Index Fund TRIRX 019 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund primarily invests in a portfolio of equity securities of large domestic growth companies based on a market index. Its benchmark is Russell 1000 Growth index. 87244W672 130 5780 Large Growth TRIRX 10/01/2002 16.28 11.46 -24.57 -2.21 2.98 0.35 34 44 49 104 121 122 TIAA-CREF Large-Cap Value Fund TRLCX 014 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund uses the dual investment management strategy and invests at least 80% of assets in equity securities of large domestic companies, as defined by the Russell 1000 Value index, that appear undervalued by the market based on our evaluation of their potential worth. It may invest up to 20% of total assets in foreign investments. 87244W722 130 5780 Large Value TRLCX 10/01/2002 22.81 7.05 -23.86 -1.37 4.90 0.74 34 44 49 104 121 122 TIAA-CREF Large-Cap Value Index Fund TRCVX 020 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund invests primarily in a portfolio of equity securities of large domestic value companies based on a market index. Its benchmark is Russell 1000 Value index. 87244W656 130 5780 Large Value TRCVX 10/01/2002 16.62 -2.92 -29.15 -2.44 3.32 0.35 34 44 49 104 121 122 TIAA-CREF Mid-Cap Growth Fund TRGMX 015 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund normally invests at least 80% of net assets in mid-cap equity securities. It invests primarily in equity securities of medium-sized domestic companies, as defined by the fund’s benchmark index (the Russell Mid-cap Growth index). The fund may invest up to 20% of total assets in foreign investments. 87244W888 130 5780 Mid-Cap Growth TRGMX 10/01/2002 19.75 16.19 -32.95 -0.99 6.78 0.81 34 44 49 104 121 122 TIAA-CREF Mid-Cap Value Fund TRVRX 016 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund normally invests at least 80% of assets in mid-cap equity securities. It invests primarily in equity securities of medium-sized domestic companies, as defined by the fund’s benchmark index (the Russell Mid-cap Value index). The fund may invest up to 20% of assets in foreign investments. 87244W854 130 5780 Mid-Cap Value TRVRX 10/01/2002 20.34 9.33 -28.67 1.44 8.52 0.77 34 44 49 104 121 122 TIAA-CREF Real Estate Securities Fund TRRSX 017 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund invests at least 80% of assets in the equity and fixed-income securities of companies that are principally engaged in or related to the real estate industry such as REITs. It also may invest up to 20% of total assets in equity and debt securities of issuers that are not engaged in or related to the real estate industry and up to 15% of total assets in real estate securities of foreign issuers. 87244W789 130 5780 Real Estate TRRSX 10/01/2002 28.31 -13.60 -44.41 -4.51 2.88 0.81 34 44 49 104 121 122 TIAA-CREF S&P 500 Index Fund TRSPX 018 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund invests primarily in a portfolio of equity securities of large domestic companies selected to track U.S. equity markets based on a market index. Its benchmark is S&P 500 index. 87244W698 130 5780 Large Blend TRSPX 10/01/2002 15.83 3.08 -26.30 -2.55 2.85 0.31 34 44 49 104 121 122 TIAA-CREF Small-Cap Blend Index Fund TRBIX 024 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund invests primarily in a portfolio of equity securities in smaller domestic companies based on a market index. Its benchmark is Russell 2000 index. 87244W565 130 5780 Small Blend TRBIX 10/01/2002 20.35 2.28 -25.25 -1.97 5.93 0.42 34 44 49 104 121 122 131 TIAA-CREF Small-Cap Equity Fund TRSEX 028 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund normally invests at least 80% of assets in small-cap equity securities. It invests primarily in equity securities of smaller domestic companies across a wide range of sectors, growth rates and valuations, that appear to have favorable prospects for significant long-term capital appreciation. 87244W821 130 5780 Small Blend TRSEX 10/01/2002 20.13 2.13 -26.18 -2.70 5.57 0.78 34 44 49 104 121 122 131 TIAA-CREF Social Choice Equity Fund TRSCX 012 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund normally invests at least 80% of net assets in equity securities. It attempts to track the return of the U.S. stock market as represented by the Russell 3000 index, while investing only in companies whose activities are consistent with the funds’ social criteria. The fund may invest in U.S. Government securities and in securities issued by foreign governments or their agencies or instrumentalities as approved by the Corporate Governance and Social Responsibility Committee. It may invest up to 15% of total assets in foreign investments. 87244W755 130 Large Blend TRSCX 10/01/2002 17.66 5.60 -25.43 -1.86 3.85 0.46 34 44 49 104 121 122 Real Estate Variable Annuity TIAA Real Estate Account 009 0 0 Proprietary Account - Money Market n/a 41518 The account seeks favorable long-term returns primarily through rental income and appreciation of real estate investments owned by the Account. The Account intends to invest between 70 percent to 85 percent of its assets directly in real estate or real estate-related investments. The account will invest the remaining portion of its assets in government and corporate debt securities, money market instruments and other cash equivalents, and, at times, stock of companies that do not primarily own or manage real estate. 878094200 121 122 123 124 125 126 127 128 129 130 510 5780 10/02/1995 -9.96 -17.49 -29.84 2.52 4.83 5.83 90 105 25 34 44 90 101 105 122 Fixed Income Variable Annuity CREF Bond Market Account 005 0 1 Proprietary Funds - Fixed Income n/a 41518 The investment seeks high current income consistent with capital preservation. The account invests at least 80% of assets in a broad range of debt securities. It invests majority of the assets in U.S. Treasury and Agency securities, corporate bonds and mortgage-backed or other asset-backed securities. 194408407 121 122 124 125 127 129 130 5780 03/01/1990 1.95 2.42 3.32 4.03 5.46 6.69 90 105 25 34 44 62 90 104 105 121 122 CREF Inflation-Linked Bond Account 010 0 1 Proprietary Funds - Fixed Income n/a 41518 The investment seeks a long-term rate of return that outpaces inflation. The fund invests at least 80% of assets in U.S. Treasury Inflation-Indexed Securities (TIIS). It can also invest in other inflation-indexed bonds issued or guaranteed by the U.S. government or its agencies, by corporations and other U.S. domiciled issuers as well as foreign governments. The fund may invest in money market instruments or other short-term securities. 194408506 121 122 123 124 125 126 127 128 129 130 510 5780 05/01/1997 0.43 4.62 -1.87 4.45 6.78 6.23 0.00 90 105 25 34 44 90 92 104 105 122 Mutual Fund BlackRock High Yield Bond Instl BHYIX 573 0 1 Non-Proprietary Funds - Fixed Income Instl 41518 The investment seeks total return, consistent with income generation and prudent investment management. The fund invests primarily in non-investment grade bonds with maturities of ten years or less. It invests at least 80% of assets in high-yield bonds, including convertible and preferred securities. The fund may invest up to 10% of assets in non-dollar denominated bonds of issuers located outside of the United States. 091929638 123 126 128 510 High Yield Bond BHYIX 11/19/1998 17.37 22.53 -10.60 3.03 4.68 5.00 0.73 40 34 40 44 62 104 121 122 PIMCO Total Return PTTRX 582 0 1 Non-Proprietary Funds - Fixed Income Instl 41518 The investment seeks maximum total return. The fund normally invests at least 65% of assets in a diversified portfolio of Fixed-Income Instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements. It invests primarily in investment-grade debt securities, but may invest up to 10% of total assets in high-yield securities (“junk bonds”). The fund may invest all assets in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities. 693390700 123 126 128 510 Intermediate-Term Bond PTTRX 05/11/1987 4.73 6.29 9.27 6.36 7.01 8.30 0.52 40 34 40 44 62 104 121 122 TIAA-CREF Bond Fund TIDRX 368 0 1 Proprietary Funds - Fixed Income Retirement 41518 The investment seeks as favorable a long-term total return The fund invests at least 80% of assets in investment-grade bonds and other bonds. It also invests in other fixed-income securities. Bonds of this type may include U.S. government securities, corporate bonds and mortgage-backed or other asset-backed securities. The fund also invests in other fixed-income securities. 886315720 130 5780 Intermediate-Term Bond TIDRX 03/31/2006 1.88 1.89 4.17 4.69 0.57 34 44 62 121 122 TIAA-CREF Bond Plus Fund TCBRX 358 0 1 Proprietary Funds - Fixed Income Retirement 41518 The investment seeks a favorable long-term return. The fund invests at least 80% of assets in bonds. It tracks the duration of the Lehman Brothers U.S. Aggregate index. The fund invests at least 75% of assets in a broad range of the debt securities in the Lehman index. 886315605 130 5780 Intermediate-Term Bond TCBRX 03/31/2006 3.29 3.26 1.45 3.03 0.63 34 44 62 121 122 TIAA-CREF High Yield Fund TIHRX 355 0 1 Proprietary Funds - Fixed Income Retirement 41518 The investment seeks high current income and capital appreciation. The fund invests primarily in lower-rated, higher-yielding fixed-income securities. It invests at least 80% of assets in debt and other fixed-income securities rated lower than investment-grade (and their unrated equivalents) or other high-yielding debt securities. The fund invests up to 20% of assets in payment-in-kind or deferred interest obligations, defaulted securities, asset-backed securities, securities rated lower than B- or its equivalent by at least two rating agencies and securities having limited liquidity. 886315787 130 5780 High Yield Bond TIHRX 03/31/2006 17.83 23.16 -0.05 2.55 0.69 34 44 62 121 122 131 TIAA-CREF Inflation-Linked Bond Fund TIKRX 367 0 1 Proprietary Funds - Fixed Income Retirement 41518 The investment seeks a long-term rate of return that outpaces inflation. The fund invests at least 80% of assets in fixed-income securities whose returns are designed to track a specified inflation index, the Consumer Price Index for All Urban Consumers (CPI-U), over the life of the security. It may invest less than 25% of total assets in inflation-linked bonds of foreign issuers. The fund invests no more than 5% of total assets in fixed-income securities rated below investment-grade. 886315696 130 5780 Inflation-Protected Bond TIKRX 03/31/2006 0.39 4.45 -2.16 4.86 0.59 34 44 62 121 122 TIAA-CREF Short-Term Bond Fund TISRX 361 0 1 Proprietary Funds - Fixed Income Retirement 41518 The investment seeks high current income consistent with preservation of capital. The fund invests primarily in a broad range of debt securities comprising the Lehman Brothers Mutual Fund Short (one- five year) government/credit index. It invests at least 80% of assets in U.S. treasury and agency securities and corporate bonds with maturities less than five years. The fund invests up to 15% of assets in the securities of foreign issuers. 886315886 130 5780 Short-Term Bond TISRX 03/31/2006 1.51 1.57 2.89 3.92 0.63 34 44 62 121 122 Money Market Variable Annuity CREF Money Market Account 003 0 1 Proprietary Account - Money Market n/a 41518 The investment seeks high current income consistent with maintaining liquidity and preserving capital. The fund invests at least 95% of assets in money market instruments that at the time of purchase are first tier securities. It may invest up to 5% of assets in second tier securities and up to 30% of assets in money market and debt instruments of foreign issuers denominated in U.S. dollars. The dollar-weighted average maturity of the fund will be less than 90 days. 194408704 121 122 123 124 125 126 127 128 129 130 510 5780 04/01/1988 0.00 0.11 1.20 3.14 3.12 4.51 0.00 78 90 105 25 30 34 44 78 90 104 105 108 121 122 Guaranteed Guaranteed Annuity TIAA Traditional Account 001 0 0 Proprietary Account - Money Market n/a 41518 The TIAA Traditional Annuity guarantees principal and a specified interest rate (based on TIAA's claims paying ability). It also offers the potential for greater growth through additional amounts, which may be declared on a year-by-year basis by the TIAA Board of Trustees. These additional amounts, when declared, remain in effect for the “declaration year” which begins each March 1.\n\nFor Retirement Annuity (RA) contracts, the TIAA annuity contract does not allow lump-sum cash withdrawals from the TIAA Traditional Annuity and transfers out must be spread over ten annual installments.\n\nFor Group Retirement Annuity (GRA) contracts, lump-sum withdrawals are available from the TIAA Traditional Annuity, subject to the terms of your employer plan, only within 120 days after termination of employment and are subject to a 2.5% surrender charge. All other withdrawals and all transfers from TIAA Traditional to any variable annuity accounts or mutual funds offered through TIAA-CREF within the plan or to approved alternate carriers within the plan must be spread over ten annual installments (or over five years for withdrawals after termination of employment).\n\nFor Retirement Choice Annuity (RC) contracts, subject to the terms of your employer’s plan, within 120 days after termination of employment, withdrawals from the TIAA Traditional Annuity may be made available in a lump sum. Such withdrawals are subject to a 2.5% surrender charge. At all other times, withdrawals and transfers from TIAA Traditional to any variable annuity accounts or mutual funds offered through TIAA-CREF within the plan or to approved alternate carriers within the plan from the TIAA Traditional Annuity must be spread over an 84-month period (7 years) in monthly systematic payments. 878094101 121 122 123 124 125 126 127 128 129 130 510 5780 5.65 4.92 6.25 3.65 90 105 26 32 90 101 105 122 Multi-Asset Variable Annuity CREF Social Choice Account 004 0 1 Proprietary Account - Social n/a 41518 The investment seeks total return consistent with certain social criteria. The fund invests in a diversified portfolio of equity, debt, and money-market securities. It normally invests 60% of assets in equities and 40% in debt securities. The fund invests in companies included in the KLD Broad Market Social index which is a subset of companies in the Russell 3000 index screened to eliminate companies that do not meet certain social criteria 194408605 121 122 123 124 125 126 127 128 129 130 510 5780 03/01/1990 12.36 5.21 -14.40 0.72 1.42 7.76 0.00 90 105 25 34 44 49 90 104 105 121 122 Mutual Fund TIAA-CREF Lifecycle Fund 2010 TCLEX 135 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests primarily in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2010. It expects to allocate approximately 51.60% of assets to equity underlying funds and 48.40% of assets to fixed-income underlying funds. 87244W458 123 126 128 130 510 5780 Target Date 2000-2010 TCLEX 10/15/2004 10.87 4.97 -13.81 1.13 0.87 34 44 49 104 121 122 132 TIAA-CREF Lifecycle Fund 2015 TCLIX 136 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2015. It expects to approximately 59.60% of assets to equity underlying funds and 40.40% of assets to fixed-income underlying funds. 87244W441 123 126 128 130 510 5780 Target Date 2011-2015 TCLIX 10/15/2004 12.39 5.33 -16.22 0.71 0.89 34 44 49 104 121 122 132 TIAA-CREF Lifecycle Fund 2020 TCLTX 137 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2020. It expects to allocate approximately 67.60% of assets to equity underlying funds and 32.40% of assets to fixed-income underlying funds. 87244W433 123 126 128 130 510 5780 Target Date 2016-2020 TCLTX 10/15/2004 13.85 5.63 -18.80 0.04 0.92 34 44 49 104 121 122 132 TIAA-CREF Lifecycle Fund 2025 TCLFX 138 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2025. It expects to allocate approximately 75.60% of assets to equity underlying funds and 24.40% of assets to fixed-income underlying funds. 87244W425 123 126 128 130 510 5780 Target Date 2021-2025 TCLFX 10/15/2004 15.33 5.83 -21.25 -0.59 0.94 34 44 49 104 121 122 132 TIAA-CREF Lifecycle Fund 2030 TCLNX 139 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2030. It expects to allocate approximately 83.60% of assets to equity underlying funds and 16.40% of assets to fixed-income underlying funds. 87244W417 123 126 128 130 510 5780 Target Date 2026-2030 TCLNX 10/15/2004 16.62 5.91 -23.89 -1.31 0.96 34 44 49 104 121 122 132 TIAA-CREF Lifecycle Fund 2035 TCLRX 140 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2035. It expects to allocate approximately 90.0% of assets to equity underlying funds and 10.0% of assets to fixed-income underlying funds. 87244W391 123 126 128 130 510 5780 Target Date 2031-2035 TCLRX 10/15/2004 17.55 6.13 -25.36 -1.47 0.98 34 44 49 104 121 122 132 TIAA-CREF Lifecycle Fund 2040 TCLOX 141 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2040. It expects to allocate approximately 90.0% of assets to equity underlying funds and 10.0% of assets to fixed-income underlying funds. 87244W383 123 126 128 130 510 5780 Target Date 2036-2040 TCLOX 10/15/2004 17.54 6.15 -25.32 -1.07 0.95 34 44 49 104 121 122 132 TIAA-CREF Lifecycle Fund 2045 TTFRX 522 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return over time through a combination of capital appreciation and income. The fund invests primarily in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2045. It expects to allocate approximately 90.0% of assets to equity underlying funds and 10.0% of assets to fixed-income underlying funds. 886315522 123 126 128 130 510 5780 Target Date 2041-2045 TTFRX 11/30/2007 17.33 6.21 -26.38 -24.01 7.08 34 44 104 121 122 123 132 TIAA-CREF Lifecycle Fund 2050 TLFRX 525 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return over time through a combination of capital appreciation and income. The fund invests primarily in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2050. Currently, it expects to allocate approximately 90% of assets to equity underlying funds and 10% of assets to fixed-income underlying funds. 886315514 123 126 128 130 510 5780 Target Date 2050+ TLFRX 11/30/2007 17.30 5.83 -27.25 -24.19 8.17 34 44 104 121 122 123 132 TIAA-CREF Lifecycle Retirement Income Fund TLIRX 528 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return over time primarily through income, with a secondary emphasis on capital appreciation. The fund invests primarily in underlying funds according to a fixed, more conservative asset allocation strategy designed for investors who are already in or entering retirement. Currently, it invests in a diversified portfolio consisting of about 40% stocks and 60% bonds. The fund expects to allocate approximately 40% of assets to equity underlying funds and 60% of assets to fixed-income underlying funds. 886315480 123 126 128 130 510 5780 Retirement Income TLIRX 11/30/2007 8.63 4.46 -9.42 -8.95 2.17 34 44 104 121 122 123 132 TIAA-CREF Managed Allocation Fund TITRX 352 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks favorable returns. The fund invests approximately 60% of net assets in equity funds, approximately 40% of net assets in fixed-income funds and up to 5% of net assets in real estate funds.If Advisors believes that the relative attractiveness of the markets in which the equity and fixed-income funds are invested changes, the fund can adjust the percentage of investments in these funds up or down by up to 10%. 886315829 130 5780 Moderate Allocation TITRX 03/31/2006 12.58 5.37 -17.72 -4.03 0.77 34 44 49 121 122 124 Asset allocation risk is the risk that a fund or account that invests in other funds or accounts may not be able to invest according to its target allocations due to fluctuations in the value of the underlying funds or accounts, and that the selection of underlying funds or accounts and the allocations among them will result in the fund or account's underperformance versus similar funds or accounts or will cause an investor to lose money. Call risk is the risk that during periods of declining interest rates, an issuer of a bond may "call" (i.e., redeem) a high-yielding obligation before its maturity date. This often creates an unanticipated capital gain liability and requires the fund or account to reinvest the proceeds at the lower prevailing interest rate. Company risk is the risk that the earnings prospects and overall financial position of the issuer of a security will deteriorate, causing a decline in the security's value over short or extended periods of time. Credit risk (a type of company risk) is the risk that a decline in a company's overall financial soundness may make it unable to pay principal and interest on bonds when due. Dividend risk is the risk associated with investments in stocks paying relatively high dividends. These stocks may significantly underperform other stocks during periods of rapid market appreciation. The securities markets of Asia, Latin, Central and South America, Eastern Europe, the Middle East, Africa and other emerging regions are less liquid, are especially subject to greater price volatility, have smaller market capitalizations, have less government regulation and are not subject to as extensive and frequent accounting, financial and other reporting requirements as the securities markets of more developed countries. Further, investment in equity securities of issuers located in certain emerging countries involves risk of loss resulting from problems in share registration and custody and substantial economic and political disruptions. These risks are not normally associated with investments in more developed countries. Extension risk is the risk of decline in value for certain fixed-income securities because principal payments are not made as early as possible. Foreign investment risks are the risks of investing in securities of foreign issuers, in securities or contracts traded on foreign exchanges or in foreign markets, or in securities or contracts payable in foreign currency. Foreign investing involves special risks, including erratic market conditions, economic and political instability, and fluctuations in currency exchange rates. These investment risks may be magnified in emerging markets. Growth investing risks include the risk that, due to their relatively high valuations, growth stocks will be more volatile than value stocks. In addition, because the value of growth companies is generally a function of their expected earnings growth, there is a risk that such earnings growth may not occur or cannot be sustained. Illiquid security risk is the risk that investments in illiquid securities may be difficult to sell for their fair market value. Income volatility risk is the risk that the level of current income from a portfolio of fixed-income securities may decline in certain interest rate environments. Index risk is the risk that the performance of a fund or account will not match the performance of its index for any period of time. Although a fund or account attempts to closely track the investment performance of the index, the fund or account may not duplicate the composition of this index. In addition, its performance, unlike that of its index, is affected by investment and other operating expenses. Interest rate risk (a type of market risk) is the risk that bond prices or the income of a fund or account may decline if interest rates change. Large-cap risk is the risk that, by focusing on investments in securities of larger companies, a fund or account may have fewer opportunities to identify securities that the market misprices. In addition, larger companies may grow more slowly than the economy as a whole or not at all. Manager risk is the chance that poor security selection will cause the Fund to underperform relevant benchmarks or other funds with a similar investment objective. Market risk is the risk that the price of securities may decline in response to general market and economic conditions or events. Mid-cap risk is the risk that the securities of medium-sized companies will be more volatile than those of larger companies. In addition, the securities of medium-sized companies may be harder to buy or sell than those of larger, more established, companies. Prepayment and extension risk is the risk of a decline for certain fixed-income securities that allow for the early prepayment of principal, and the risk that a fund or account's income will decline as a result of the prepayment. Real estate investing risks are the risks associated with real estate ownership, including fluctuations in property values, higher expenses or lower income than expected, and potential environmental problems and liability. Real estate securities risk is the risk that a fund that concentrates its investments in real estate securities and holds securities of relatively few issuers may experience greater fluctuations in value and be subject to a greater risk of loss than other mutual funds. Reorganization risk is the risk that stocks of companies involved in reorganizations and other special situations can involve more risk than ordinary securities. Accordingly, the performance of a fund or account that invests in such companies is often more volatile than the performance of the overall stock market, and the fund or account could significantly outperform or underperform the stock market during any particular period. Risk of socially screened investing is the possibility that funds or accounts whose social screens exclude some investments may not be able to take advantage of the same opportunities or market trends as funds or accounts that do not use such criteria. Risks of inflation-indexed bonds include the risk that market values of inflation-indexed bonds can be affected by changes in investors' inflation expectations or changes in "real" rates of interest (i.e., a security's return above the inflation rate). Also, the inflation index that a bond is intended to track may not accurately reflect the true rate of inflation. If the market perceives that an index does not accurately reflect inflation, the market value of inflation-indexed bonds could be adversely affected. In addition, an investment in a fund or account that invests in inflation-indexed bonds is subject to certain special tax considerations. Small-cap risk is the risk that the securities of smaller companies may experience steeper fluctuations in price than those of larger companies. These securities may also have to be sold at a discount from their current market prices or in small lots over an extended period. Small-cap/mid-cap risk is the risk that smaller company securities may experience steeper fluctuations in price than the securities of larger companies. They may also have to be sold at a discount from their current market prices or in small lots over an extended period, since they may be harder to sell than larger-cap securities. Style risk is the risk that a fund or account's growth investing or value investing style may be out of favor in the marketplace for various periods of time. Value investing risks are the risks that (1) the issuer's potential business prospects may not be realized; (2) the securities' potential values may never be recognized by the market; and (3) due to unanticipated problems associated with the issuer or industry, the securities were appropriately priced (or overpriced) when acquired. Data Provided by Morningstar, Inc. © 2009 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. The comparative indices used for all mutual funds and accounts have been provided by Morningstar, Inc. and may not match those that appear in other websites or publications. The returns quoted represent past performance, which is no guarantee of future results. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown above, and you may have a gain or a loss when you redeem your mutual fund shares/annuity account accumulation units. For current performance information, including performance to the most recent month-end, call 800 TIAA-CREF (800 842-2273). TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161, or go to tiaa-cref.org for a current prospectus that contains this and other information. Please read the prospectus carefully before investing. TIAA-CREF products may be subject to market and other risk factors. See the applicable product literature, or visit www.tiaa-cref.org for details. An investment in the CREF Money Market Account is not a deposit of any bank and is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other U.S. government agency. The 7-day money market yield listed more closely reflects the current earnings of the money market annuity account than does the total return. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating®based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. [Insert name of fund] was rated against the following numbers of U.S.-domiciled [insert name of category] funds over the following time periods: [insert number of funds in category during prior 3-year period] funds in the last three years, [insert number of funds in category during the prior 5-year period] funds in the last five years, and [insert number of funds in category during the prior 10-year period] funds in the last ten years. With respect to these [insert name of category] funds, [insert name of fund] received a Morningstar Rating of [insert number of stars for 3-year rating] stars, [insert number of stars for 5-year rating] stars and [insert number of stars for 10-year rating] stars for the three-, five- and ten-year periods, respectively. The chart illustrates the performance of a hypothetical $10,000 investment made in the fund ten years ago or on the month end after the commencement of operations (whichever is later). The total returns are not adjusted to reflect sales charges or the effects of taxation, but are adjusted to reflect actual ongoing fund expenses, and assume reinvestment of dividends and capital gains. This chart is not intended to imply any future performance of the fund. All CREF accounts estimate expenses each year based on projected expense and asset levels. Differences between actual expenses and the estimate are adjusted quarterly and are reflected in current investment results. Historically, adjustments have been small. The TIAA Traditional Annuity guarantees principal and a specified interest rate (based upon TIAA's claims-paying ability). It also offers the potential for greater growth through additional amounts, which may be declared on a year-by-year basis by the TIAA Board of Trustees. If you have an RA contract, the TIAA annuity contract does not allow lump-sum cash withdrawals from the TIAA Traditional Annuity and transfers must be spread over a ten-year period. If you have a GRA contract, lump-sum withdrawals are available from the TIAA Traditional Annuity only within 120 days after termination of employment and are subject to a surrender charge. All other withdrawals and all transfers to the Real Estate Account or to CREF must be spread over ten annual installments (five years for withdrawals after termination of employment). Performance shown for the Retirement Class shares of the International Equity Fund was impacted by a misallocation of income and net capital gains among the Fund's share classes. If this misallocation had not occurred, the three-month and year-to-date returns would have been 1.19% and 18.76, respectively; the one-year, five-year, and since inception average annual total returns would have been 18.76%, 23.52, and 23.54%, respectively. Shareholders who owned Retirement Class shares on or before May 25, 2006, who were negatively impacted by this misallocation by more than $10, have been made whole through direct payments by Teachers Advisors, Inc. For additional information please contact our Telephone Counseling Center at 800 927-3059. Interest credited to TIAA Traditional Annuities includes a guaranteed rate of between 1% and 3%, plus any additional amounts that are established on a year-by-year basis. The additional amounts, when declared, remain in effect through the "declaration year," which begins each March 1. Accumulations in mutual funds not managed by TIAA-CREF may be subject to administrative charges. These charges are subject to change. Please review current documents related to your plan. The S&P 500 Index is a market-capitalization-weighted index of the 500 leading companies in major industries of the U.S. economy. You cannot invest directly in this index. S&P 500 is a registered trademark and service mark of the McGraw-Hill Companies. The Russell 3000® Index measures the performance of the 3,000 largest publicly traded U.S. companies, based on market capitalization. These companies make up about 98% of the total market capitalization of the publicly traded U.S. equity market. You cannot invest directly in this index. TIAA-CREF products are not promoted or sponsored by, or affiliated with, the Frank Russell Company. Russell 3000 is a trademark and service mark of the Frank Russell Company. The Morgan Stanley Capital International EAFE® (Europe, Australasia, Far East) Index measures the performance of the leading stocks in 21 developed countries outside of North America. You cannot invest directly in this index. EAFE is a trademark of Morgan Stanley Capital International, Inc. The Lehman Brothers U.S. Aggregate Index measures the performance of the U.S. investment-grade, fixed-rate bond market, including government and credit securities, agency mortgage pass-through securities, asset-backed securities, and commercial mortgage-backed securities. You cannot invest directly in this index. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY. The Lehman Brothers U.S. TIPS (Treasury Inflation-Protected Securities) Index measures the performance of fixed-income securities with fixed-rate coupon payments that adjust for inflation as measured by the Consumer Price Index for All Urban Consumers. You cannot invest directly in this index. All displayed performance and statistical data have been compiled by TIAA-CREF. Annuities are designed for retirement savings or for other long-term goals. They offer several payment options, including lifetime income. Payments from TIAA and CREF variable annuities are not guaranteed, and the payment amounts will rise or fall depending on investment returns. Mutual funds do not offer the range of income options available through annuities. Listed for foreign stock funds (EAFE refers to Europe, Australasia, and Far East). Widely accepted as a benchmark for international stock performance, the EAFE Index is an aggregate of 21 individual country indexes that collectively represent many of the major markets of the world. Ndtr_D (Net Dividends Total Returns in Dollars) indexes are calculated daily and take into account actual dividends reinvested daily before withholding taxes, but exclude special tax credits declared by companies. In addition, Ndtr_D indexes subtract withholding taxes retained at the source, for foreigners who do not benefit from a double taxation treaty. The returns we publish for the index are total returns, which include reinvestment of dividends. For more information, visit the MSCI website or call MSCI at 212 762 5790. MSCI also has a site containing performance data for its indexes. Three-month T-bills are government-backed short-term investments considered to be risk-free and as good as cash because the maturity is only three months. Morningstar collects yields on the T-bill on a weekly basis from The Wall Street Journal. The Managed Allocation fund operates at a zero expense ratio because the fund advisor does not receive a management fee for its services to the fund and has agreed to be responsible for providing the services reasonably necessary for the ordinary operation of the fund. Shareholders indirectly bear their pro rata share of the fees and expenses of the fund in which the Managed Allocation fund invests. You will be charged a 2.00% fee of the amount redeemed or exchanged out of the fund within 60 calendar days of the initial purchase date. Please see the prospectus for details about this redemption fee and certain exemptions that may apply. The above performance data does not reflect the deduction of the redemption fee, and if reflected, the fee would reduce the performance quoted. As Target Retirement Date Funds are actively managed, their asset allocations are subject to change and may vary from those indicated. They invest in many underlying funds and are exposed to the risks of different areas of the market. The higher a fund’s allocation to stocks, the greater the risk. After the target date has been reached, some of these funds may be merged into a fund with a more stable asset allocation. In addition to the fund level expenses these funds are also subject to the expenses of their underlying investments. Please consult the prospectus for more complete information. 6037 Benefits Office benefits@virginia.edu (434) 924-4392 Monday-Friday 8:30 a.m. - 4:00 p.m. IN US Human Resources Office OFFICE 1 1 7571 Enrollment Forms Return Address 914 Emmet Street Charlottesville VA US 22904- UVA Human Resources OFFICE 1 1 Group Retirement Annuity (GRA) Contract Form Series G-1000.4 and G-1000.5 Group Supplemental Retirement Annuity (GSRA) Contract Form Series 1250.01 (not available in all states)