TIAA-CREF

FUNDS Institutional Advisor Premier Retail Retirement

Global Fixed TBIIX TBIAX TBIPX TBILX TBIRX
Income 87245M848 87245P692 87245M590 87245M616 87245M855

TIAA-CREF Bond Index Fund

As of 31 Dec 2019

Average annualized total returns (%) Calendar year returns (%)

Inception 1 3 5 10 Since 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
date year years years years inception Institutional 6.32 7.65 4.10 -2.34 5.87 0.53 2.38 3.42 -0.02 8.38
Institutional 14 Sep 09 8.38 3.87 2.90 3.58 3.52 Advisor 2.34 3.24 -0.17 8.28
Advisor 04 Dec 15 8.28 3.72 3.28 Premier 6.27 7.48 3.95 -2.48 5.72 0.38 2.23 3.26 -0.27 8.32
Premier 30 Sep 09 8.32 3.71 2.74 3.43 3.33 Retail 6.07 7.27 3.64 -2.68 5.61 0.20 2.05 3.08 -0.45 8.04
Retail 14 Sep 09 8.04 3.50 2.54 3.23 3.17 Retirement 6.16 7.37 3.75 -2.58 5.71 0.28 2.13 3.16 -0.36 8.11
Retirement 14 Sep 09 8.11 3.58 2.62 3.32 3.26 Bloomberg Barclays U.S.
Bloomberg Barclays U.S. Aggregate Bond Aggregate Bond Index 6.54 7.84 4.21 -2.02 5.97 0.55 2.65 3.54 0.01 8.72
Index 8.72 4.03 3.05 3.75 3.72 Morningstar Intermediate
Morningstar Intermediate Core Bond Average 8.06 3.59 2.72 3.55 Core Bond Average 7.72 5.86 7.01 -1.42 5.18 -0.26 3.23 3.71 -0.50 8.06
Past performance is no guarantee of future results. Investment returns and principal value will fluctuate
so that shares redeemed may be worth more or less than their original cost. Current performance may Expense ratios (%) Institutional Advisor Premier Retail Retirement
be higher or lower than the performance shown. Total returns for a period of less than one year are
cumulative. Returns without sales charges would be lower if the sales charges were included. Returns Gross 0.11 0.22 0.26 0.44 0.36
assume reinvestment of dividends and capital gains. For performance current to the most recent Net 0.11 0.22 0.26 0.44 0.36
month-end visit nuveen.com. Performance shown for benchmark since inception is as of the Fund's
oldest share class. A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been
Institutional Class shares are available for purchase directly from the Fund by certain eligible investors (which limited (“capped”), currently or in the past, returns would have been lower. Expense cap expiration date: 31 Jul
include employee benefit plans and financial intermediaries). Advisor Class shares are available for purchase 2020. Please see the prospectus for details.
through certain financial intermediaries and employee benefit plans. Premier Class and Retirement Class shares
are generally available for purchase through employee benefit plans or other types of savings plans or accounts.
Retail Class shares are available for purchase through certain financial intermediaries or by contacting the Fund
directly at 800.752.8700 or nuveen.com.

Credit quality (%)1 Sector allocation (%)2 SEC 30-day yield (%) 1 Quality ratings are assigned in accordance with the
methodology applied by the Fund's respective
Fixed income Fund net Institutional 2.24 benchmark. Credit ratings are subject to change. If
investments assets Advisor 2.14 all three of Moody’s, S&P, and Fitch provide a rating
U.S. Treasury / U.S. Agency (Including U.S. Treasury Securities 39.71 for a security, the middle rating (after dropping the
Premier 2.09 highest and lowest ratings) is assigned; if two of the
Agency MBS) 67.55 Mortgage-Backed Securities 27.00 three agencies rate a security, the lower rating of
Retail 1.93
AAA 4.37 Corporate Bonds 20.45 the two is assigned and if only one rating agency
Retirement 2.00 rates a security, that rating is assigned. AAA, AA, A,
AA 3.40 Foreign Government Securities 7.87
The SEC 30-day yield is computed under an SEC and BBB are investment grade ratings; BB, B,
A 10.70 Commercial Mortgage-Backed standardized formula and is based on the maximum CCC/CC/C and D are below-investment grade
BBB 13.36 Securities 1.71 offer price per share. ratings. U.S. government securities, if owned by the
Fund, are included in the U.S. Treasury/Agency
BB 0.03 U.S. Agency Securities 1.22 category (included only if applicable).
Not Rated 0.01 Asset-Backed Securities 0.76 2 If applicable, U.S. Agencies reflected in the sector
breakdown may differ slightly to portion included in
Short Term Investments, Other Assets Municipal Bonds 0.70 the credit quality table as the sector breakdown
& Liabilities, Net 0.58 Short-Term Investments, Other Assets may include U.S. Agency related positions which
& Liabilities, Net 0.58 are not rated AAA nor backed by a guarantor.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE nuveen.com

TIAA-CREF Bond Index Fund As of 31 Dec 2019

Fund description Morningstar rankings and percentiles

The Fund seeks total return, primarily from income, by investing in a Morningstar Intermediate Core Bond Category
wide spectrum of investment grade debt based on a broad bond market 1 Year 3 Years 5 Years 10 Years
index. The team uses a sampling technique to closely match the Rank % Rank % Rank % Rank %
benchmark's characteristics without investing in all of the benchmark's
Institutional 206/430 51 148/382 42 127/327 43 130/251 56
securities.
Advisor 223/430 55 180/382 48 – – – –
Premier 215/430 53 182/382 49 167/327 56 151/251 65
Portfolio management Retail 263/430 63 237/382 64 218/327 72 170/251 72
Retirement 250/430 60 219/382 61 190/327 62 164/251 69
Lijun (Kevin) Chen | 22 years industry experience
Morningstar ranking/number of funds in category displays the Fund's actual rank within its Morningstar Category
based on average annual total return and number of funds in that Category. The returns assume reinvestment of
James Tsang, CFA | 23 years industry experience dividends and do not reflect any applicable sales charge. Absent expense limitation, total return would be less.
Morningstar percentile rankings are the Fund's total return rank relative to all the funds in the same Morningstar
Category, where 1 is the highest percentile rank and 100 is the lowest percentile rank.

Portfolio statistics
Fund Benchmark
Portfolio net assets $17.30 Billion –
Number of positions 7,233 –
Option-adjusted duration 5.74 years 5.79 years
Average maturity 7.95 years 8.06 years
Turnover ratio (as of 31 Mar 19) 20% –
This data relates to the portfolio and the underlying securities held in the portfolio. It should not be
construed as a measure of performance for the Fund itself.
The portfolio turnover rate shown may be inflated due to the inclusion of mortgage dollar roll
transactions. Please consult the most current prospectus for more information.

For more information contact: 800.752.8700 or visit nuveen.com

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to movements in the bond market and are subject to credit and interest rate risks. Credit risk arises from
buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information an issuer’s ability to make interest and principal payments when due, as well as the prices of bonds
provided does not take into account the specific objectives or circumstances of any particular investor, or suggest declining when an issuer’s credit quality is expected to deteriorate. Interest rate risk occurs when
any specific course of action. Investment decisions should be made based on an investor's objectives and interest rates rise causing bond prices to fall. The Fund’s income could decline during periods of falling
circumstances and in consultation with his or her advisors. interest rates. The issuer of a debt security may be able to repay principal prior to the security’s
Glossary maturity, known as prepayment (call) risk, because of an improvement in its credit quality or falling
interest rates. In this event, this principal may have to be reinvested in securities with lower interest
Average maturity refers to the average time to maturity (the date a principal amount of a security becomes due rates than the original securities, reducing the potential for income. A portfolio that tracks an index is
or payable) of all the debt securities held in a portfolio. Option-adjusted duration estimates how much the value subject to the risk that it may not fully track its index closely due to security selection and may
of a bond portfolio would be affected by a change in prevailing interest rates. It takes into account options underperform when factoring in fees, expenses, transaction costs, and the size and timing of shareholder
embedded in the individual securities that might result in early repayment of principal, thereby shortening their purchases and redemptions. Non-U.S. investments involve risks such as currency fluctuation, political
duration. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. Turnover ratio is and economic instability, lack of liquidity and differing legal and accounting standards. These and other
calculated by dividing the lesser of purchases or sales by the average value of portfolio assets during a period. risk considerations, such as extension, income volatility, and issuer risks, are described in detail in the
Turnover is based on the portfolio’s fiscal year end and is not annualized if the reporting period covers less than Fund’s prospectus.
12 months.
Before investing, carefully consider fund investment objectives, risks, charges and expenses. For
Bloomberg Barclays U.S. Aggregate Bond Index tracks the performance of U.S. investment-grade bonds. It is this and other information that should be read carefully, please request a prospectus or summary
not possible to invest directly in an index. prospectus from your financial professional or Nuveen at 800.752.8700 or visit nuveen.com.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. The investment advisory services, strategies and expertise of TIAA Investments, a division of Nuveen, are
A word on risk provided by Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC.
Mutual fund investing involves risk; principal loss is possible. There is no guarantee the Fund’s Nuveen Securities, LLC, member FINRA and SIPC.
investment objectives will be achieved. Fixed-income securities may be susceptible to general
800.257.8787 | nuveen.com MFS-1061525PR-Q0120P_IBDI MFS-ZIBDI-1219P
 TIAA-CREF
FUNDS Institutional Advisor Premier Retail Retirement
Equities | TIEIX TEIHX TCEPX TINRX TIQRX
Domestic 87244W508 87245R276 87245M525 886315746 886315753

TIAA-CREF Equity Index Fund

As of 31 Dec 2019

Average annualized total returns (%) Calendar year returns (%)

Inception 1 3 5 10 Since 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
date year years years years inception Institutional 16.88 0.99 16.33 33.47 12.52 0.46 12.76 21.09 -5.22 30.87
Institutional 01 Jul 99 30.87 14.52 11.21 13.37 6.55 Advisor 12.75 20.99 -5.36 30.71
Advisor 04 Dec 15 30.71 14.39 13.03 Premier 16.56 0.89 16.10 33.26 12.40 0.29 12.57 20.92 -5.43 30.74
Premier 30 Sep 09 30.74 14.35 11.04 13.19 13.48 Retail 16.60 0.72 15.99 33.07 12.20 0.16 12.42 20.75 -5.51 30.54
Retail 31 Mar 06 30.54 14.20 10.89 13.05 8.72 Retirement 16.58 0.69 16.11 33.14 12.21 0.21 12.45 20.86 -5.54 30.59
Retirement 31 Mar 06 30.59 14.24 10.93 13.09 8.71 Russell 3000® Index 16.93 1.03 16.42 33.55 12.56 0.48 12.74 21.13 -5.24 31.02
Russell 3000® Index 31.02 14.57 11.24 13.42 6.62 Morningstar Large Blend
Morningstar Large Blend Average 28.78 13.26 9.78 12.03 Average 14.01 -1.27 14.96 31.50 10.96 -1.07 10.37 20.44 -6.27 28.78
Past performance is no guarantee of future results. Investment returns and principal value will fluctuate
so that shares redeemed may be worth more or less than their original cost. Current performance may Expense ratios (%) Institutional Advisor Premier Retail Retirement
be higher or lower than the performance shown. Total returns for a period of less than one year are
cumulative. Returns without sales charges would be lower if the sales charges were included. Returns Gross 0.05 0.19 0.20 0.33 0.30
assume reinvestment of dividends and capital gains. For performance current to the most recent Net 0.05 0.19 0.20 0.33 0.30
month-end visit nuveen.com. Performance shown for benchmark since inception is as of the Fund's
oldest share class. A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been
Institutional Class shares are available for purchase directly from the Fund by certain eligible investors (which limited (“capped”), currently or in the past, returns would have been lower. Expense cap expiration date: 29 Feb
include employee benefit plans and financial intermediaries). Advisor Class shares are available for purchase 2020. Please see the prospectus for details.
through certain financial intermediaries and employee benefit plans. Premier Class and Retirement Class shares
are generally available for purchase through employee benefit plans or other types of savings plans or accounts.
Retail Class shares are available for purchase through certain financial intermediaries or by contacting the Fund
directly at 800.752.8700 or nuveen.com.

Overall Morningstar Top positions (%)1 Sector allocation (%)2 1 Positions are subject to change. The positions listed
only include the Fund's long-term investments and
Ratings™ Fund net Fund net may exclude any temporary cash investments and
assets assets equity index products. Positions by issuer includes
Category: 1203 Large Blend funds
Apple Inc 4.06 Information Technology 22.15 the underlying ordinary shares combined with any
INSTITUTIONAL HHHH depositary receipts, preferred shares, contract for
Microsoft Corp 3.71 Health Care 13.98 differences (CFDs), rights, options and warrants.
Morningstar ratings may vary among share Alphabet Inc 2.50 Financials 13.37 2 Securities lending may be utilized, and in such
classes and are based on historical cases the collateral is included in the Short-Term
risk-adjusted total returns, which are not Amazon.com Inc 2.38 Consumer Discretionary 9.93 assets shown.
indicative of future results. Facebook Inc 1.52 Industrials 9.76
Berkshire Hathaway Inc 1.38 Communication Services 9.30
JPMorgan Chase & Co 1.36 Consumer Staples 6.36
Johnson & Johnson 1.21 Energy 4.00
Visa Inc 1.00 Real Estate 3.94
Procter & Gamble Co 0.96 Utilities 3.21
Materials 2.81
Short-Term Investments, Other Assets
& Liabilities, Net 1.19

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE nuveen.com

TIAA-CREF Equity Index Fund As of 31 Dec 2019

Fund description Morningstar rankings and percentiles

The Fund seeks a favorable long-term total return, mainly through capital Morningstar Large Blend Category
appreciation, by investing primarily in a portfolio of equity securities 1 Year 3 Years 5 Years 10 Years
selected to track the overall U.S. equity markets based on a market index. Rank % Rank % Rank % Rank %
It normally invests at least 80% of its assets in equity securities within its
Institutional 496/1387 39 386/1203 37 225/1058 26 95/808 16
benchmark index, the Russell 3000® Index. The Fund buys most, but
not necessarily all, of the stocks within its benchmark, and will attempt to Advisor 530/1387 40 425/1203 40 – – – –
closely match the overall investment characteristics of this index. Premier 524/1387 40 439/1203 41 280/1058 32 151/808 24
Retail 565/1387 43 478/1203 44 322/1058 36 189/808 30
Retirement 554/1387 42 466/1203 43 309/1058 35 176/808 28
Portfolio management
Morningstar ranking/number of funds in category displays the Fund's actual rank within its Morningstar Category
Effective 01 March 2019, Darren Tran was added as a portfolio manager on the Fund. based on average annual total return and number of funds in that Category. The returns assume reinvestment of
dividends and do not reflect any applicable sales charge. Absent expense limitation, total return would be less.
Morningstar percentile rankings are the Fund's total return rank relative to all the funds in the same Morningstar
Jim Campagna, CFA | 29 years industry experience Category, where 1 is the highest percentile rank and 100 is the lowest percentile rank.

Lei Liao, CFA | 16 years industry experience

Portfolio statistics
Darren Tran, CFA | 15 years industry experience Fund Benchmark
Portfolio net assets $24.27 Billion –
Number of positions 2,789 –
Weighted average market cap ($b) $250.42 $250.34
P/E ratio (1 year forecast) 22.34 22.34
Standard deviation (3 years) 12.36 12.38
Beta (3 years) 1 –
Turnover ratio (as of 31 Oct 18) 5% –
This data relates to the portfolio and the underlying securities held in the portfolio. It should not be
construed as a measure of performance for the Fund itself.
Risk statistics are calculated based on the Institutional Class and may vary for other classes.

For more information contact: 800.752.8700 or visit nuveen.com

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to Glossary
buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information Beta is a measure of the volatility of a portfolio relative to the overall market. A beta less than 1.0 indicates lower
provided does not take into account the specific objectives or circumstances of any particular investor, or suggest risk than the market; a beta greater than 1.0 indicates higher risk than the market. P/E ratio of a stock is
any specific course of action. Investment decisions should be made based on an investor's objectives and calculated by dividing the current price of the stock by its forecasted 12 months' earnings per share. The average
circumstances and in consultation with his or her advisors. of the price/earnings ratio of a fund is a weighted harmonic average of all the current P/E ratios (excluding
For the period ended 31 Dec 2019, Morningstar rated this Fund’s Institutional shares, for the overall, negatives) of the stocks in the Fund's portfolio. This should not be construed as a forecast of the Fund’s
three-, five-, and 10-year periods (if applicable). The Institutional shares received 4, 3, 4 and 4 stars performance. Standard deviation is a statistical measure of the historical volatility of a mutual fund or portfolio;
among 1203, 1203, 1058, and 808 Large Blend Funds, respectively. Rankings for other share classes may the higher the number the greater the risk. Turnover ratio is calculated by dividing the lesser of purchases or
vary. Investment performance reflects applicable fee waivers. Without such waivers, total returns would sales by the average value of portfolio assets during a period. Turnover is based on the portfolio’s fiscal year end
be reduced and ratings could be lower. For the most current ratings, please visit nuveen.com. and is not annualized if the reporting period covers less than 12 months. Weighted average market
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, capitalization is the portfolio-weighted mean capitalizations of all equity securities.
variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate Russell 3000® Index measures the performance of the stocks of the 3,000 largest publicly traded U.S.
accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are companies, based on market capitalization. It is not possible to invest directly in an index.
considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Return measure that accounts for variation in a managed product's monthly excess performance, placing more
emphasis on downward variations and rewarding consistent performance. The top 10% of products in each A word on risk
product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% Mutual fund investing involves risk; principal loss is possible. There is no guarantee the Fund’s
receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is investment objectives will be achieved. Prices of equity securities may decline significantly over short
derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if or extended periods of time. A portfolio that tracks an index is subject to the risk that it may not fully
applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total track its index closely due to security selection and may underperform when factoring in fees, expenses,
returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year transaction costs, and the size and timing of shareholder purchases and redemptions. These and other
rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year risk considerations, such as large, mid, and small-cap risks, are described in detail in the Fund’s
overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period prospectus.
actually has the greatest impact because it is included in all three rating periods. ©2020 Morningstar, Inc. All
Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; Before investing, carefully consider fund investment objectives, risks, charges and expenses. For
(2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither this and other information that should be read carefully, please request a prospectus or summary
Morningstar nor its content providers are responsible for any damages or losses arising from any use of this prospectus from your financial professional or Nuveen at 800.752.8700 or visit nuveen.com.
information. The investment advisory services, strategies and expertise of TIAA Investments, a division of Nuveen, are
provided by Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC.
Nuveen Securities, LLC, member FINRA and SIPC.

800.257.8787 | nuveen.com MFS-1061525PR-Q0120P_IMEQ MFS-ZIMEQ-1219P

 TIAA-CREF Institutional Advisor Premier Retirement
FUNDS TCIEX TCIHX TRIPX TRIEX
Equities | Foreign 87244W516 87245M111 87245M319 87244W490

TIAA-CREF International Equity Index Fund

As of 31 Dec 2019

Average annualized total returns (%) Calendar year returns (%)

Inception 1 3 5 10 Since 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
date year years years years inception Institutional 7.63 -12.09 19.09 21.96 -5.51 -0.49 1.22 25.32 -13.25 21.79
Institutional 01 Oct 02 21.79 9.81 5.93 5.65 7.75 Advisor 1.19 25.18 -13.42 21.66
Advisor 04 Dec 15 21.66 9.66 6.81 Premier 7.57 -12.19 18.87 21.75 -5.60 -0.69 1.08 25.14 -13.39 21.59
Premier 30 Sep 09 21.59 9.64 5.76 5.49 5.54 Retirement 7.41 -12.31 18.73 21.67 -5.71 -0.75 0.96 25.04 -13.54 21.55
Retirement 01 Oct 02 21.55 9.53 5.66 5.38 7.46 MSCI EAFE® Index 7.75 -12.14 17.32 22.78 -4.90 -0.81 1.00 25.03 -13.79 22.01
MSCI EAFE® Index 22.01 9.56 5.67 5.50 7.71 Morningstar Foreign Large
Morningstar Foreign Large Blend Average 21.59 9.09 5.37 5.15 Blend Average 10.24 -13.97 18.29 19.44 -4.98 -1.59 0.79 25.12 -14.59 21.59
Past performance is no guarantee of future results. Investment returns and principal value will fluctuate
so that shares redeemed may be worth more or less than their original cost. Current performance may Expense ratios (%) Institutional Advisor Premier Retirement
be higher or lower than the performance shown. Total returns for a period of less than one year are
cumulative. Returns without sales charges would be lower if the sales charges were included. Returns Gross 0.06 0.20 0.21 0.31
assume reinvestment of dividends and capital gains. For performance current to the most recent Net 0.06 0.20 0.21 0.31
month-end visit nuveen.com. Performance shown for benchmark since inception is as of the Fund's
oldest share class. A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been
Institutional Class shares are available for purchase directly from the Fund by certain eligible investors (which limited (“capped”), currently or in the past, returns would have been lower. Expense cap expiration date: 29 Feb
include employee benefit plans and financial intermediaries). Advisor Class shares are available for purchase 2020. Please see the prospectus for details.
through certain financial intermediaries and employee benefit plans. Premier Class and Retirement Class shares
are generally available for purchase through employee benefit plans or other types of savings plans or accounts.

Overall Morningstar Top positions (%)1 Sector allocation (%)2 1 Positions are subject to change. The positions listed
only include the Fund's long-term investments and
Ratings™ Fund net Fund net may exclude any temporary cash investments and
assets assets equity index products. Positions by issuer includes
Category: 628 Foreign Large
Nestle SA 2.13 Financials 18.18 the underlying ordinary shares combined with any
Blend funds depositary receipts, preferred shares, contract for
Royal Dutch Shell PLC 1.57 Industrials 14.67 differences (CFDs), rights, options and warrants.
INSTITUTIONAL HHHH 2 Securities lending may be utilized, and in such
Roche Holding AG 1.51 Health Care 11.91
Morningstar ratings may vary among share cases the collateral is included in the Short-Term
Novartis AG 1.34 Consumer Discretionary 11.36 assets shown.
classes and are based on historical
risk-adjusted total returns, which are not Toyota Motor Corp 1.06 Consumer Staples 11.05
indicative of future results. HSBC Holdings PLC 1.04 Materials 6.97
TOTAL SA 0.88 Information Technology 6.90
SAP SE 0.87 Communication Services 5.08
AstraZeneca PLC 0.87 Energy 4.78
LVMH Moet Hennessy Louis Vuitton SE 0.86 Utilities 3.67
Real Estate 3.44
Top 5 countries (%) Short-Term Investments, Other Assets
Fund net & Liabilities, Net 1.99
assets
Japan 23.88
United Kingdom 16.17
France 11.22
Switzerland 9.16
Germany 8.48

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE nuveen.com

TIAA-CREF International Equity Index Fund As of 31 Dec 2019

Fund description Morningstar rankings and percentiles

The Fund seeks a favorable long-term total return, mainly through capital Morningstar Foreign Large Blend Category
appreciation, by investing primarily in a portfolio of foreign equity 1 Year 3 Years 5 Years 10 Years
investments based on a market index. It normally invests at least 80% of Rank % Rank % Rank % Rank %
its assets in securities within its benchmark index, the MSCI EAFE®
Institutional 370/732 47 197/628 32 113/495 27 96/372 29
Index. The Fund buys most, but not necessarily all, of the stocks within
its benchmark, and will attempt to closely match the overall investment Advisor 387/732 49 225/628 39 – – – –
characteristics of this index. Premier 401/732 51 230/628 39 148/495 36 125/372 36
Retirement 410/732 51 248/628 44 162/495 41 144/372 42

Portfolio management Morningstar ranking/number of funds in category displays the Fund's actual rank within its Morningstar Category
based on average annual total return and number of funds in that Category. The returns assume reinvestment of
Effective 01 March 2019, Darren Tran was added as a portfolio manager on the Fund. dividends and do not reflect any applicable sales charge. Absent expense limitation, total return would be less.
Morningstar percentile rankings are the Fund's total return rank relative to all the funds in the same Morningstar
Category, where 1 is the highest percentile rank and 100 is the lowest percentile rank.
Jim Campagna, CFA | 29 years industry experience

Lei Liao, CFA | 16 years industry experience Portfolio statistics

Fund Benchmark
Darren Tran, CFA | 15 years industry experience Portfolio net assets $13.83 Billion –
Number of positions 932 –
Weighted average market cap ($b) $67.36 $67.39
P/E ratio (1 year forecast) 16.86 16.86
Standard deviation (3 years) 11.05 10.96
Beta (3 years) 1 –
Turnover ratio (as of 31 Oct 18) 4% –
This data relates to the portfolio and the underlying securities held in the portfolio. It should not be
construed as a measure of performance for the Fund itself.
Risk statistics are calculated based on the Institutional Class and may vary for other classes.

For more information contact: 800.752.8700 or visit nuveen.com

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to Glossary
buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information Beta is a measure of the volatility of a portfolio relative to the overall market. A beta less than 1.0 indicates lower
provided does not take into account the specific objectives or circumstances of any particular investor, or suggest risk than the market; a beta greater than 1.0 indicates higher risk than the market. P/E ratio of a stock is
any specific course of action. Investment decisions should be made based on an investor's objectives and calculated by dividing the current price of the stock by its forecasted 12 months' earnings per share. The average
circumstances and in consultation with his or her advisors. of the price/earnings ratio of a fund is a weighted harmonic average of all the current P/E ratios (excluding
For the period ended 31 Dec 2019, Morningstar rated this Fund’s Institutional shares, for the overall, negatives) of the stocks in the Fund's portfolio. This should not be construed as a forecast of the Fund’s
three-, five-, and 10-year periods (if applicable). The Institutional shares received 4, 4, 4 and 4 stars performance. Standard deviation is a statistical measure of the historical volatility of a mutual fund or portfolio;
among 628, 628, 495, and 372 Foreign Large Blend Funds, respectively. Rankings for other share classes the higher the number the greater the risk. Turnover ratio is calculated by dividing the lesser of purchases or
may vary. Investment performance reflects applicable fee waivers. Without such waivers, total returns sales by the average value of portfolio assets during a period. Turnover is based on the portfolio’s fiscal year end
would be reduced and ratings could be lower. For the most current ratings, please visit nuveen.com. and is not annualized if the reporting period covers less than 12 months. Weighted average market
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, capitalization is the portfolio-weighted mean capitalizations of all equity securities.
variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate MSCI EAFE® Index is a free float-adjusted market capitalization weighted index designed to measure developed
accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are market equity performance, excluding the U.S. and Canada. It is not possible to invest directly in an index.
considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Return measure that accounts for variation in a managed product's monthly excess performance, placing more
emphasis on downward variations and rewarding consistent performance. The top 10% of products in each A word on risk
product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% Mutual fund investing involves risk; principal loss is possible. There is no guarantee the Fund’s
receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is investment objectives will be achieved. Non-U.S. investments involve risks such as currency
derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if fluctuation, political and economic instability, lack of liquidity and differing legal and accounting
applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total standards. Prices of equity securities may decline significantly over short or extended periods of time. A
returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year portfolio that tracks an index is subject to the risk that it may not fully track its index closely due to
rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year security selection and may underperform when factoring in fees, expenses, transaction costs, and the
overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period size and timing of shareholder purchases and redemptions. These and other risk considerations, such as
actually has the greatest impact because it is included in all three rating periods. ©2020 Morningstar, Inc. All issuer risk, large-cap, and mid-cap risks, are described in detail in the Fund’s prospectus.
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 Before investing, carefully consider fund investment objectives, risks, charges and expenses. For
Morningstar nor its content providers are responsible for any damages or losses arising from any use of this this and other information that should be read carefully, please request a prospectus or summary
information. prospectus from your financial professional or Nuveen at 800.752.8700 or visit nuveen.com.
The investment advisory services, strategies and expertise of TIAA Investments, a division of Nuveen, are
provided by Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC.
Nuveen Securities, LLC, member FINRA and SIPC.

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 TIAA-CREF Institutional Advisor Premier Retail Retirement
FUNDS TCIXX TMHXX TPPXX TIRXX TIEXX
Money Market 87244W706 87245P619 87245M442 886315670 886315688

TIAA-CREF Money Market Fund

As of 31 Dec 2019

Average annualized total returns (%) Calendar year returns (%)

Inception 1 3 5 10 Since 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
date year years years years inception Institutional 0.11 0.05 0.04 0.02 0.00 0.02 0.29 0.75 1.72 2.11
Institutional 01 Jul 99 2.11 1.52 0.98 0.51 1.90 Advisor 0.20 0.81 1.73 2.01
Advisor 04 Dec 15 2.01 1.52 1.16 Premier 0.00 0.00 0.00 0.00 0.00 0.00 0.11 0.60 1.58 1.96
Premier 30 Sep 09 1.96 1.38 0.85 0.42 0.41 Retail 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.41 1.40 1.78
Retail 31 Mar 06 1.78 1.19 0.71 0.36 1.13 Retirement 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.50 1.55 1.96
Retirement 31 Mar 06 1.96 1.33 0.81 0.40 1.12 iMoneyNet Money Fund
iMoneyNet Money Fund Averages™-All Averages™-All Government 0.02 0.01 0.01 0.01 0.01 0.01 0.08 0.47 1.41 1.79
Government 1.79 1.22 0.75 0.38 1.52
Past performance is no guarantee of future results. Investment returns and principal value will fluctuate Expense ratios (%) Institutional Advisor Premier Retail Retirement
so that shares redeemed may be worth more or less than their original cost. Current performance may
be higher or lower than the performance shown. Total returns for a period of less than one year are Gross 0.14 0.24 0.29 0.48 0.39
cumulative. Returns assume reinvestment of dividends and capital gains. For performance, current to Net 0.14 0.24 0.29 0.48 0.39
the most recent month-end visit nuveen.com. Performance shown for Benchmark Since Inception is
computed from Aug 1999. A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been
Institutional Class shares are available for purchase directly from the Fund by certain eligible investors (which limited (“capped”), currently or in the past, returns would have been lower. Expense cap expiration date: 31 Jul
include employee benefit plans and financial intermediaries). Advisor Class shares are available for purchase 2020. Please see the prospectus for details.
through certain financial intermediaries and employee benefit plans. Premier Class and Retirement Class shares Beginning 27 August 2013, part or all of the investment management fees are being voluntarily waived. In
are generally available for purchase through employee benefit plans or other types of savings plans or accounts. addition, the Fund's investment adviser is reimbursing certain other Fund expenses. Without these changes, the
Retail Class shares are available for purchase through certain financial intermediaries or by contacting the Fund 7-day current and effective net annualized yields and total returns for the Fund would have been lower. The
directly at 800.752.8700 or nuveen.com. suspension of reimbursements and the addition of waivers are voluntary and may be discontinued at any time
without notice.

Net Annualized Yield (%) - 7 days ended 3/28/2017

Current Effective
Institutional 1.53 1.54
Advisor 1.38 1.39
Premier 1.38 1.39
Retail 1.19 1.20
Retirement 1.37 1.38
iiMoneyNet Money Fund Averages™-All Government 1.22 1.23
The current yield more closely reflects current earnings than does the total return.

Current asset allocation Sector allocation (%) Maturity allocation (%)

(%) Fund net Fixed income
Fund net assets investments
assets U.S. Government Agency Securities 65.48 0 - 30 Days 29.09
Short-Term Investments, Other Assets Floating-Rate Securities, Government 23.36 31 - 60 Days 28.58
& Liabilities, Net 100.00 U.S. Treasury Securities 11.06 61 - 90 Days 12.86
Other Assets & Liabilities, Net 0.10 91+ Days 29.47

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE nuveen.com

TIAA-CREF Money Market Fund As of 31 Dec 2019

Fund description Portfolio management

The Fund seeks high current income consistent with maintaining Effective 01 June 2019, Michael Ferraro is no longer a portfolio manager on the Fund.
liquidity and preserving capital. Generally it seeks to maintain a share
value of $1.00 per share. The Fund invests at least 99.5% of its total Joseph Rolston | 36 years industry experience
assets in cash, U.S. Government securities and/or repurchase agreements
that are collateralized fully by cash or U.S. Government securities. These
investments include (1) securities issued by, or whose principal and For more information contact: 800.752.8700 or visit nuveen.com
interest are guaranteed by, the U.S. Government or one of its agencies or
instrumentalities and (2) repurchase agreements involving securities
issued or guaranteed by the U.S. Government or one of its agencies or
instrumentalities. Short-term, U.S. Government securities generally pay
interest that is among the lowest for income-paying securities. Because of
this, the yield on the Fund will likely be lower than the yields on funds
that invest in longer-term or lower-quality securities. The Fund's
investments will be made in accordance with the applicable rules
governing the quality, maturity and diversification of securities and other
instruments held by money market funds. The Fund maintains a
dollar-weighted average maturity of 60 days or less and a dollar-weighted
average life to maturity of 120 days or less, and invests in debt obligations
with a remaining maturity of 397 days or less.

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to any time. Mutual fund investing involves risk; principal loss is possible. There is no guarantee the
buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information Fund’s investment objectives will be achieved. Credit risk arises from an issuer’s ability to make
provided does not take into account the specific objectives or circumstances of any particular investor, or suggest interest and principal payments when due, as well as the prices of bonds declining when an issuer’s
any specific course of action. Investment decisions should be made based on an investor's objectives and credit quality is expected to deteriorate. The Fund’s income could decline during periods of falling
circumstances and in consultation with his or her advisors. interest rates. Interest rate risk occurs when interest rates rise causing bond prices to fall. Non-U.S.
Glossary investments involve risks such as currency fluctuation, political and economic instability, lack of
liquidity and differing legal and accounting standards. These and other risk considerations, such as types
iMoneyNet Money Fund Averages™-All Government is a simple average of over 500 money market funds of market risk, are described in detail in the Fund’s prospectus.
that invest in U.S. Treasuries, U.S. Agencies, repurchase agreements and government-backed floating rate notes.
It is not possible to invest directly in any average. Before investing, carefully consider fund investment objectives, risks, charges and expenses. For
this and other information that should be read carefully, please request a prospectus or summary
A word on risk prospectus from your financial professional or Nuveen at 800.752.8700 or visit nuveen.com.
You could lose money by investing in the Money Market Fund. Although the Fund seeks to The investment advisory services, strategies and expertise of TIAA Investments, a division of Nuveen, are
preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An provided by Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC.
investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation
or any other government agency. The Fund’s sponsor has no legal obligation to provide support to Nuveen Securities, LLC, member FINRA and SIPC.
the Fund, and you should not expect that the sponsor will provide financial support to the Fund at
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