Tier 1 Target Date Investments

Transcription

1 University of Colorado 401(a) Retirement Plan Investment Menu Effective July 15, 2015, your University of Colorado Retirement Plan investment options will be offered by 12 different firms, and CU s 401(a) and 403(b) plans will be serviced by one provider, TIAA-CREF. The investment menu choices offered provide you with the flexibility to create a retirement portfolio that s aligned with your preferences and goals. Tier 1 Target Date Investments TICKER INVESTMENT NAME SHARE CLASS Vanguard Target Retirement 2010 Trust (CIT) II Vanguard Target Retirement 2015 Trust (CIT) II Vanguard Target Retirement 2020 Trust (CIT) II Vanguard Target Retirement 2025 Trust (CIT) II Vanguard Target Retirement 2030 Trust (CIT) II Vanguard Target Retirement 2035 Trust (CIT) II Vanguard Target Retirement 2040 Trust (CIT) II Vanguard Target Retirement 2045 Trust (CIT) II Vanguard Target Retirement 2050 Trust (CIT) II Vanguard Target Retirement 2055 Trust (CIT) II Vanguard Target Retirement 2060 Trust (CIT) II Vanguard Target Retirement Income Trust (CIT) II Note Collective investment trusts (CIT) are not publicly traded funds and they do not have ticker symbols. A CIT is an investment vehicle that is available only to qualified retirement plans. CITs consist solely of assets of retirement or other tax-qualified accounts. A CIT is not a mutual fund. A CIT typically has lower fees than a mutual fund. Visit to obtain a fact sheet for each CIT.

2 Tier 2 Core Investment Menu TICKER INVESTMENT SHARE CLASS RERGX American Funds EuroPacific Growth Fund R6 APHMX Artisan Mid Cap Institutional BlackRock Equity Index Fund (CIT) M BlackRock Mid Capitalization Equity Index Fund (CIT) M MARFX BlackRock Mid Cap Value Opportunities I BlackRock MSCI ACWI ex-us IMI Index (CIT) M BlackRock Russell 2000 Index (CIT) M BlackRock US Debt Index Fund (CIT) M DFSVX DFA US Small Cap Value I DODFX Dodge & Cox International Stock DODGX Dodge & Cox Stock Fund HACAX Harbor Capital Appreciation Institutional MWTSX Metropolitan West Total Return Bond Plan MRLAX Morgan Stanley Institutional Global Real Estate Fund I TISCX TIAA-CREF Social Choice Equity Fund Institutional Guaranteed Annuity TIAA Traditional Annuity (Retirement Choice Contract)* VMRXX Vanguard Prime Money Market Institutional Voya Small Cap Growth Trust Fund Class (CIT) 2 Wells Fargo Stable Value Fund (CIT)** C *TIAA Traditional Annuity is a guaranteed insurance contract and not an investment for federal securities law purposes. Any guarantees under annuities issued by TIAA are subject to TIAA s claims-paying ability. **In order to mitigate the negative effects of disintermediation, participant transfers from the Wells Fargo Stable Value Fund C (CIT) are subject to an industry standard Equity Wash rule. This means participants are prohibited from transferring from the Wells Fargo Stable Value Fund C (CIT) directly to Competing Funds and may only make transfers from the Wells Fargo Stable Value Fund C (CIT) to Non-Competing Funds. Participants wishing to transfer amounts from the Wells Fargo Stable Value Fund C (CIT) to Competing Funds must first transfer to Non-Competing Funds, where the amount originally transferred must remain for 90 days before the participant can then transfer the amount to one or more Competing Funds. The self-directed Brokerage Account option is considered a Competing Fund since it offers money market funds and short-term bond funds. Therefore, transfers from the Wells Fargo Stable Value Fund C (CIT) to any investment within the self-directed Brokerage Account option and the Vanguard Prime Money Market Institutional are subject to the 90-day Equity Wash rule. Tier 3 Self-Directed Brokerage Option If you are seeking options outside the target date and core menus, you can choose the self-directed brokerage option. The 401(a) self-directed brokerage option includes mutual funds, ETFs and individual securities. With this option, you choose your own investments from the thousands available to you, and you can buy, sell, or transfer funds online or by phone. Please note: All purchase fees will be waived for 2

3 90 days beginning July 15, There are no annual account maintenance fees. Purchase fees will resume after the 90-day period. For a description of terms and fees, visit Account_Agreement.pdf. Transfer Strategy How your investments will transfer to the new investment lineup On or about July 15, 2015, your existing assets and/or future contributions to the mutual funds shown in the left column of the following tables will be transferred to the corresponding replacement options. Check your most recent quarterly account statement to determine how your current investments will be affected. Current TIAA-CREF participants please note: Your TIAA-CREF annuity balances will remain in the existing contracts you currently have unless you proactively elect to transfer those investments to your new account, while future contributions and mutual fund balances will be applied to the new account automatically. For specific age-appropriate Vanguard target retirement series fund based on your year of birth, please refer to the chart on page 13 of the Transition Guide. Fidelity balances with these options at Fidelity Fidelity Asset Manager 20% FASIX 4 Fidelity Asset Manager 30% FTANX 4 Fidelity Asset Manager 40% FFANX 4 Fidelity Asset Manager 50% FASMX 4 Fidelity Asset Manager 60% FSANX 4 Fidelity Asset Manager 70% FASGX 4 Fidelity Asset Manager 85% FAMRX 4 Fidelity Balanced K FBAKX 4 Fidelity Blue Chip Growth K FBGKX 4 Fidelity Blue Chip Value FBCVX 4 Dodge & Cox Stock Fund DODGX Fidelity Canada FICDX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity Capital Appreciation K FCAKX 4 Fidelity Capital & Income FAGIX 4 Fidelity Cash Reserves FDRXX 4 Wells Fargo Stable Value C CIT 3

4 Fidelity, continued balances with these options at Fidelity Fidelity China Region FHKCX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity Conservative Income Bond FCONX 4 Wells Fargo Stable Value C CIT Fidelity Contrafund K FCNKX 4 Fidelity Convertible Securities FCVSX 4 Fidelity Corporate Bond FCBFX 4 Fidelity Disciplined Equity K FDEKX 4 Fidelity Diversified International K FDIKX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity Dividend Growth K FDGKX 4 Fidelity EMEA FEMEX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity Emerging Markets Discovery FEDDX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity Emerging Asia FSEAX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity Emerging Markets K FKEMX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity Equity Dividend Income K FETKX 4 Dodge & Cox Stock Fund DODGX Fidelity Equity-Income K FEIKX 4 Dodge & Cox Stock Fund DODGX Fidelity Europe FIEUX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity Europe Capital Appreciation FECAX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity Export & Multinational K FEXKX 4 Fidelity Fifty FFTYX 4 Fidelity Float Rate High Income FFRHX 4 Fidelity Focused High Income FHIFX 4 Fidelity Focused Stock FTQGX 4 Fidelity Four-In-One Index FFNOX 4 Fidelity Freedom K 2005 FFKVX 4 Fidelity Freedom K 2010 FFKCX 4 Fidelity Freedom K 2015 FKVFX 4 Fidelity Freedom K 2020 FFKDX 4 Fidelity Freedom K 2025 FKTWX 4 Fidelity Freedom K 2030 FFKEX 4 Fidelity Freedom K 2035 FKTHX 4 Fidelity Freedom K 2040 FFKFX 4 Vanguard Target Retirement Income Vanguard Target Retirement 2010 Vanguard Target Retirement 2015 Vanguard Target Retirement 2020 Vanguard Target Retirement 2025 Vanguard Target Retirement 2030 Vanguard Target Retirement 2035 Vanguard Target Retirement

5 balances with these options at Fidelity Fidelity Freedom K 2045 FFKGX 4 Vanguard Target Retirement 2045 Fidelity Freedom K 2050 FFKHX 4 Vanguard Target Retirement 2050 Fidelity Freedom K 2055 FDENX 4 Vanguard Target Retirement 2055 Fidelity Freedom K 2060 FDKNX 4 Vanguard Target Retirement 2060 Fidelity Freedom K Income Fund FFKAX 4 Vanguard Target Retirement Income Fidelity K Fund FFDKX 4 Fidelity Global Commodity Stock FFGCX 4 Fidelity Global High Income FGHNX 4 Fidelity Global Balanced FGBLX 4 Fidelity Global Bond FGBFX 4 Fidelity Global Equity Income FGILX 4 Fidelity Global Strategies FDYSX 4 Fidelity GNMA FGMNX 4 Fidelity Government Income FGOVX 4 Fidelity Government Money Market SPAXX 4 Fidelity Growth & Income K FGIKX 4 Fidelity Growth Company K FGCKX 4 Fidelity Growth Discovery K FGDKX 4 Fidelity Growth Strategies K FAGKX 4 Fidelity High Income SPHIX 4 Fidelity Independence K FDFKX 4 Fidelity Inflation Protected Bond FINPX 4 Fidelity Intermediate Bond FTHRX 4 Fidelity International Bond FINUX 4 Fidelity International Capital Appreciation FIVFX 4 Fidelity International Discovery K FIDKX 4 Fidelity International Enhanced Index FIENX 4 Fidelity International Growth FIGFX 4 Fidelity International Real Estate FIREX 4 Fidelity International Small Cap Opportunities FSCOX 4 50% BlackRock Equity Index Fund M CIT 50% BlackRock MSCI ACWI Ex US IMI Index M CIT Wells Fargo Stable Value C CIT Artisan Mid Cap Institutional APHMX American Funds EuroPacific Growth Fund R6 RERGX BlackRock MSCI ACWI Ex US IMI Index M CIT BlackRock MSCI ACWI Ex US IMI Index M CIT American Funds EuroPacific Growth Fund R6 RERGX Morgan Stanley Institutional Global Real Estate Fund I MRLAX BlackRock MSCI ACWI Ex US IMI Index M CIT 5

6 Fidelity, continued balances with these options at Fidelity Fidelity International Small Cap FISMX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity International Value FIVLX 4 Dodge & Cox International Stock DODFX Fidelity Intermediate Government Income FSTGX 4 Fidelity Investment Grade Bond FBNDX 4 Fidelity Japan FJPNX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity Japan Smaller Companies FJSCX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity Large Cap Stock FLCSX 4 Fidelity Latin America FLATX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity Large Cap Core Enhanced Index FLCEX 4 Fidelity Large Cap Growth Enhanced Index FLGEX 4 Fidelity Large Cap Value Enhanced Index FLVEX 4 Dodge & Cox Stock Fund DODGX Fidelity Leveraged Company Stock K FLCKX 4 BlackRock Mid Capitalization Equity Index Fund M CIT Fidelity Low-Priced Stock K FLPKX 4 BlackRock Mid Capitalization Equity Index Fund M CIT Fidelity Limited Term Government FFXSX 4 Wells Fargo Stable Value C CIT Fidelity Magellan K FMGKX 4 Fidelity Mega Cap Stock FGRTX 4 Fidelity Mid Cap Enhanced Index FMEIX 4 BlackRock Mid Capitalization Equity Index Fund M CIT Fidelity Mid Cap Stock K FKMCX 4 Artisan Mid Cap Institutional APHMX Fidelity Mid Cap Value FSMVX 4 BlackRock Mid Cap Value Opportunities MARFX Fidelity Money Market SPRXX 4 Wells Fargo Stable Value C CIT Fidelity Mortgage Securities FMSFX 4 Fidelity NASDAQ Composite Index FNCMX 4 Fidelity New Markets Income FNMIX 4 Fidelity New Millennium FMILX 4 Fidelity Nordic FNORX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity OTC K FOCKX 4 Fidelity Overseas K FOSKX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity Pacific Basin FPBFX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity Puritan K FPUKX 4 Fidelity Real Estate Income FRIFX 4 Morgan Stanley Institutional Global Real Estate Fund I MRLAX 6

7 balances with these options at Fidelity Fidelity Real Estate Investment Portfolio FRESX 4 Morgan Stanley Institutional Global Real Estate Fund I MRLAX Fidelity Retirement Government Money Market FGMXX 4 Wells Fargo Stable Value C CIT Fidelity Retirement Money Market FRTXX 4 Wells Fargo Stable Value C CIT Fidelity Select Air Transportation Portfolio FSAIX 4 Fidelity Select Automotive Portfolio FSAVX 4 Fidelity Select Banking Portfolio FSRBX 4 Fidelity Select Biotechnology Portfolio FBIOX 4 Fidelity Select Brokerage And Investment Management Portfolio FSLBX 4 Fidelity Select Chemicals Portfolio FSCHX 4 Fidelity Select Communications Equipment Portfolio FSDCX 4 Fidelity Select Computers Portfolio FDCPX 4 Fidelity Select Consumer Discretionary Portfolio FSCPX 4 Fidelity Select Consumer Staples Portfolio FDFAX 4 Fidelity Select Construction & Housing Portfolio FSHOX 4 Fidelity Select Consumer Finance Portfolio FSVLX 4 Fidelity Select Defense and Aerospace Portfolio FSDAX 4 Fidelity Select Electronics Portfolio FSELX 4 Fidelity Select Energy Portfolio FSENX 4 Fidelity Select Energy Service Portfolio FSESX 4 Fidelity Select Environment and Alternative Energy Portfolio FSLEX 4 Fidelity Select Financial Services Portfolio FIDSX 4 Fidelity Select Gold Portfolio FSAGX 4 Fidelity Select Health Care Portfolio FSPHX 4 Fidelity Select Industrial Equipment Portfolio FSCGX 4 Fidelity Select Industrials Portfolio FCYIX 4 Fidelity Select Insurance Portfolio FSPCX 4 Fidelity Select IT Services Portfolio FBSOX 4 Fidelity Select Leisure Portfolio FDLSX 4 Fidelity Select Materials Portfolio FSDPX 4 7

8 Fidelity, continued balances with these options at Fidelity Fidelity Select Medical Equipment & Systems Portfolio FSMEX 4 Fidelity Select Medical Delivery Portfolio FSHCX 4 Fidelity Select Money Market FSLXX 4 Wells Fargo Stable Value C CIT Fidelity Select Multimedia Portfolio FBMPX 4 Fidelity Select Natural Gas Portfolio FSNGX 4 Fidelity Select Natural Resources Portfolio FNARX 4 Fidelity Select Pharmaceuticals Portfolio FPHAX 4 Fidelity Select Retailing Portfolio FSRPX 4 Fidelity Select Software And Computer Services Portfolio FSCSX 4 Fidelity Select Technology Portfolio FSPTX 4 Fidelity Select Telecommunications Portfolio FSTCX 4 Fidelity Select Transportation Portfolio FSRFX 4 Fidelity Select Utilities Portfolio FSUTX 4 Fidelity Select Wireless Portfolio FWRLX 4 Fidelity Short Term Bond FSHBX 4 Fidelity Small Cap Discovery FSCRX 4 Fidelity Small Cap Enhanced Index FCPEX 4 Fidelity Small Cap Growth FCPGX 4 Fidelity Small Cap Stock FSLCX 4 Fidelity Small Cap Value FCPVX 4 Fidelity Advisor Stock Selector All Cap K FSSKX 4 Fidelity Stock Selector Large Cap Value FSLVX 4 Fidelity Advisor Stock Selector Mid Cap FSSMX 4 Fidelity Stock Selector Small Cap FDSCX 4 Fidelity Strategic Dividend & Income FSDIX 4 Fidelity Strategic Real Return FSRRX 4 Fidelity Strategic Income FSICX 4 Fidelity Telecom & Utilities FIUIX 4 Fidelity Total Bond FTBFX 4 Wells Fargo Stable Value C CIT BlackRock Russell 2000 Index M CIT BlackRock Russell 2000 Index M CIT Voya Small Cap Growth Trust Fund Class 2 CIT BlackRock Russell 2000 Index M CIT DFA US Small Cap Value I DFSVX Dodge & Cox Stock Fund DODGX Artisan Mid Cap Institutional APHMX BlackRock Russell 2000 Index M CIT Dodge & Cox Stock Fund DODGX 8

9 balances with these options at Fidelity Fidelity Total Emerging Markets FTEMX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity Total International Equity FTIEX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Fidelity Treasury Only Money Market FDLXX 4 Wells Fargo Stable Value C CIT Fidelity Trend FTRNX 4 Fidelity Ultra Short Bond FUSFX 4 Wells Fargo Stable Value C CIT Fidelity US Government Reserves FGRXX 4 Wells Fargo Stable Value C CIT Fidelity Value Discovery K FVDKX 4 Dodge & Cox Stock Fund DODGX Fidelity Value K FVLKX 4 BlackRock Mid Cap Value Opportunities MARFX Fidelity Advisor Value Strategies K FVSKX 4 BlackRock Mid Capitalization Equity Index Fund M CIT Fidelity Worldwide FWWFX 4 Spartan 500 Index Fund Institutional FXSIX 4 Spartan Emerging Markets Index Fund FPEMX 4 Spartan Extended Market Index Advantage FSEVX 4 Spartan Global Ex US Index Advantage FSGDX 4 Spartan Inflation Protected Bond Index Advantage FSIYX 4 Spartan Intermediate Treasury Bond Index Advantage FIBAX 4 Spartan International Index Advantage FSIVX 4 Spartan Long Term Treasury Bond Index Advantage FLBAX 4 Spartan Mid Cap Index Advantage FSCKX 4 Spartan Real Estate Index Advantage FSRVX 4 Spartan Small Cap Index Advantage FSSVX 4 Spartan Short Term Treasury Index Advantage FSBAX 4 Spartan Total Market Index Advantage FSTVX 4 Spartan US Bond Index Advantage FSITX 4 Strategic Advisers Income Opportunity Fund Of Funds FSADX 4 Fidelity Event Driven Opportunities Fund FARNX 4 Fidelity Limited Term Bond Fund FJRLX 4 Fidelity Short Duration High Income Fund FSAHX 4 Fidelity Treasury Money Market Fund FLTXX 4 50% BlackRock Equity Index Fund M CIT 50% BlackRock MSCI ACWI Ex US IMI Index M CIT BlackRock MSCI ACWI Ex US IMI Index M CIT BlackRock Mid Capitalization Equity Index Fund M CIT BlackRock MSCI ACWI Ex US IMI Index M CIT BlackRock US Debt Market Index M CIT BlackRock MSCI ACWI Ex US IMI Index M CIT BlackRock US Debt Market Index M CIT BlackRock Mid Capitalization Equity Index Fund M CIT Morgan Stanley Institutional Global Real Estate Fund I MRLAX BlackRock Russell 2000 Index M CIT Wells Fargo Stable Value C CIT BlackRock US Debt Market Index M CIT BlackRock Russell 2000 Index M CIT Wells Fargo Stable Value C CIT Wells Fargo Stable Value C CIT Wells Fargo Stable Value C CIT 9

10 Fidelity, continued balances with these options at Fidelity Strategic Advisers Core Income Multi- Manager Fund FWHBX 4 Strategic Advisers Core Multi-Manager Fund FLAUX 4 Strategic Advisers Emerging Markets Fund of Funds FLILX 4 Strategic Advisers Growth Multi-Manager Fund FMELX 4 Strategic Advisers International Multi-Manager Fund FMJDX 4 Strategic Advisers Multi-Manager 2005 Fund FEHPX 4 Strategic Advisers Multi-Manager 2010 Fund FEMPX 4 Strategic Advisers Multi-Manager 2015 Fund FEJPX 4 Strategic Advisers Multi-Manager 2020 Fund FEKPX 4 Strategic Advisers Multi-Manager 2025 Fund FEDPX 4 Strategic Advisers Multi-Manager 2030 Fund FECPX 4 Strategic Advisers Multi-Manager 2035 Fund FENPX 4 Strategic Advisers Multi-Manager 2040 Fund FEWPX 4 Strategic Advisers Multi-Manager 2045 Fund FEZPX 4 Strategic Advisers Multi-Manager 2050 Fund FEYPX 4 Strategic Advisers Multi-Manager 2055 Fund FESPX 4 Strategic Advisers Multi-Manager 2060 Fund FNJPX 4 Strategic Advisers Multi-Manager Income Fund FEBPX 4 Strategic Advisers Small-Mid Cap Multi- Manager Fund FNAPX 4 Strategic Advisers Value Multi-Manager Fund FKMOX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT BlackRock MSCI ACWI Ex US IMI Index M CIT Vanguard Target Retirement Income Vanguard Target Retirement 2010 Vanguard Target Retirement 2015 Vanguard Target Retirement 2020 Vanguard Target Retirement 2025 Vanguard Target Retirement 2030 Vanguard Target Retirement 2035 Vanguard Target Retirement 2040 Vanguard Target Retirement 2045 Vanguard Target Retirement 2050 Vanguard Target Retirement 2055 Vanguard Target Retirement 2060 Vanguard Target Retirement Income Voya Small Cap Growth Trust Fund Class 2 CIT Dodge & Cox Stock Fund DODGX TIAA-CREF Annuities balances with these options at TIAA-CREF Your annuity account balances will remain where they are** and your future contributions after July 15, 2015 will flow into CREF Bond Market Account R3 Variable Annuity 4 CREF Equity Index Account R3 Variable Annuity 4 CREF Global Equities Account R3 Variable Annuity 4 CREF Growth Account R3 Variable Annuity 4 50% BlackRock Equity Index Fund M CIT 50% BlackRock MSCI ACWI Ex US IMI Index M CIT 10

11 balances with these options at TIAA-CREF Your annuity account balances will remain where they are** and your future contributions after July 15, 2015 will flow into CREF Inflation-Linked Bond Account R3 Variable Annuity 4 CREF Money Market Account R3 Variable Annuity 4 Wells Fargo Stable Value C CIT CREF Social Choice Account R3 Variable Annuity 4 CREF Stock Account R3 Variable Annuity 4 TIAA Real Estate Account Variable Annuity 4 TIAA-CREF Social Choice Equity Fund TISCX Morgan Stanley Institutional Global Real Estate Fund I MRLAX TIAA Traditional Annuity Guaranteed Annuity 4 TIAA Traditional Annuity Retirement Guaranteed Choice Annuity **Assets remain in your existing investment option until you elect to transfer them. The TIAA Traditional Annuity in the Retirement Choice contract has a guaranteed minimum interest rate of between 1% and 3%, which may be lower than your current guaranteed rate. On the other hand, TIAA Traditional may have a higher crediting rate than the plan s previous contracts. When TIAA Traditional assets are transferred out of an old contract, you risk giving up a favorable crediting rate(s) on older contributions. Retirement Choice contracts have different liquidity rules. TIAA-CREF Mutual Funds balances with these options at TIAA CREF... Your existing account balances will automatically transfer on July 20, 2015, and your future contributions after July 15, 2015 will flow into... TIAA-CREF Emerging Markets Equity Fund - Institutional TIAA-CREF Emerging Markets Equity Index Fund - Institutional TEMLX 4 TEQLX 4 TIAA-CREF Global Natural Resources Fund - Institutional TNRIX 4 TIAA-CREF High-Yield Fund - Institutional TIHYX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT BlackRock MSCI ACWI Ex US IMI Index M CIT TIAA-CREF International Equity Fund - Institutional TIIEX 4 TIAA-CREF Large-Cap Value Fund - Institutional TRLIX 4 TIAA-CREF Lifecycle 2010 Fund - Institutional TCTIX 4 TIAA-CREF Lifecycle 2015 Fund - Institutional TCNIX 4 TIAA-CREF Lifecycle 2020 Fund - Institutional TCWIX 4 TIAA-CREF Lifecycle 2025 Fund - Institutional TCYIX 4 TIAA-CREF Lifecycle 2030 Fund - Institutional TCRIX 4 TIAA-CREF Lifecycle 2035 Fund - Institutional TCIIX 4 TIAA-CREF Lifecycle 2040 Fund - Institutional TCOIX 4 TIAA-CREF Lifecycle 2045 Fund - Institutional TTFIX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Dodge & Cox Stock Fund DODGX Vanguard Target Retirement 2010 Vanguard Target Retirement 2015 Vanguard Target Retirement 2020 Vanguard Target Retirement 2025 Vanguard Target Retirement 2030 Vanguard Target Retirement 2035 Vanguard Target Retirement 2040 Vanguard Target Retirement

12 TIAA-CREF Mutual Funds, continued balances with these options at TIAA CREF... Your existing account balances will automatically transfer on July 20, 2015, and your future contributions after July 15, 2015 will flow into... TIAA-CREF Lifecycle 2050 Fund - Institutional TFTIX 4 Vanguard Target Retirement 2050 TIAA-CREF Lifecycle 2055 Fund - Institutional TTRIX 4 Vanguard Target Retirement 2055 TIAA-CREF Lifecycle Retirement Income Fund - Institutional TLRIX 4 TIAA-CREF Mid-Cap Growth Fund - Institutional TRPWX 4 TIAA-CREF Mid-Cap Value Fund - Institutional TIMVX 4 Vanguard Target Retirement Income Artisan Mid Cap Institutional APHMX BlackRock Mid Cap Value Opportunities MARFX TIAA-CREF Small-Cap Equity Fund - Institutional TIAA-CREF Social Choice Bond Fund - Institutional TIAA-CREF Social Choice Equity Fund - Institutional TISEX 4 TSBIX 4 TISCX 4 BlackRock Russell 2000 Index M CIT TIAA-CREF Social Choice Equity Fund TISCX Vanguard balances with these options at Vanguard Vanguard Institutional Index VINIX 4 Vanguard Admiral Treasury Money Market Fund Vanguard Balanced Index Fund Investor VUSXX 4 VBINX 4 Vanguard Capital Opportunity Fund Investor VHCOX 4 Vanguard Capital Value Fund VCVLX 4 Vanguard Convertible Securities Fund Investor Vanguard Developed Markets Index Fund Vanguard Dividend Growth Fund Investor VCVSX 4 VDVIX 4 VDIGX 4 Vanguard Emerging Markets Stock Index Fund VEIEX 4 Vanguard Energy Fund VGENX 4 Vanguard Equity-Income Fund VEIPX 4 Vanguard European Stock Index Fund VEURX 4 Vanguard Explorer Fund VEXPX 4 Wells Fargo Stable Value C CIT BlackRock MSCI ACWI Ex US IMI Index M CIT BlackRock MSCI ACWI Ex US IMI Index M CIT Dodge & Cox Stock Fund DODGX BlackRock MSCI ACWI Ex US IMI Index M CIT Voya Small Cap Growth Trust Fund Class 2 CIT 12

13 balances with these options at Vanguard Vanguard Extended Market Index Fund VEXMX 4 BlackRock Mid Capitalization Equity Index Fund M CIT Vanguard Federal Money Market Fund VMFXX 4 Wells Fargo Stable Value C CIT Vanguard FTSE Social Index Fund Investor VFTSX 4 Vanguard Global Equity Fund VHGEX 4 Vanguard GNMA Fund VFIIX 4 Vanguard Growth and Income Fund Investor VQNPX 4 Vanguard Growth Equity Fund VGEQX 4 Vanguard Growth Index Fund VIGRX 4 Vanguard Health Care Fund VGHCX 4 TIAA-CREF Social Choice Equity Fund TISCX 50% BlackRock Equity Index Fund M CIT 50% BlackRock MSCI ACWI Ex US IMI Index M CIT Vanguard High Dividend Yield Index Fund Vanguard High-Yield Corporate Fund Investor Vanguard Inflation-Protected Securities Fund Vanguard Intermediate-Term Bond Index Fund Vanguard Intermediate-Term Investment- Grade Fund Vanguard Intermediate-Term Treasury Fund Vanguard International Explorer Fund Investor Vanguard International Growth Fund Investor Vanguard International Value Fund Investor Vanguard LifeStrategy Conservative Growth Fund Vanguard LifeStrategy Growth Fund Investor Vanguard LifeStrategy Income Fund Investor Vanguard LifeStrategy Moderate Growth Fund Vanguard Long-Term Bond Index Fund Vanguard Long-Term Investment-Grade Fund VHDYX 4 VWEHX 4 VIPSX 4 VBIIX 4 VFICX 4 VFITX 4 VINEX 4 VWIGX 4 VTRIX 4 VSCGX VASGX VASIX VSMGX VBLTX 4 VWESX 4 Dodge & Cox Stock Fund DODGX BlackRock US Debt Market Index Fund M CIT BlackRock MSCI ACWI Ex US IMI Index M CIT American Funds EuroPacific Growth Fund R6 RERGX Dodge & Cox International Stock DODFX BlackRock US Debt Market Index Fund M CIT 13

14 Vanguard, continued balances with these options at Vanguard Vanguard Long-Term Treasury Fund Investor VUSTX 4 Vanguard Mid-Cap Growth Fund Investor VMGRX 4 Artisan Mid Cap Institutional APHMX Vanguard Mid-Cap Index Fund Investor VIMSX 4 BlackRock Mid Capitalization Equity Index Fund M CIT Vanguard Morgan Growth Fund Investor VMRGX 4 Vanguard Pacific Stock Index Fund Investor VPACX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Vanguard Precious Metals and Mining Fund VGPMX 4 Vanguard Prime Money Market Fund Investor VMMXX 4 Wells Fargo Stable Value C CIT Vanguard PRIMECAP Fund VPMCX 4 Vanguard REIT Index Fund VGSIX 4 Morgan Stanley Institutional Global Real Estate Fund I MRLAX Vanguard Selected Value Fund VASVX 4 BlackRock Mid Cap Value Opportunities MARFX Vanguard Short-Term Bond Index Fund Vanguard Short-Term Federal Fund Investor Vanguard Short-Term Investment-Grade Fund Vanguard Short-Term Treasury Fund Investor Vanguard Small-Cap Growth Index Fund Vanguard Small-Cap Index Fund Investor Vanguard Small-Cap Value Index Fund VBISX 4 VSGBX 4 VFSTX 4 VFISX 4 VISGX 4 NAESX 4 VISVX 4 Vanguard STAR Fund VGSTX 4 Vanguard Strategic Equity Fund Investor Vanguard Target Retirement 2010 Fund Vanguard Target Retirement 2015 Fund Vanguard Target Retirement 2020 Fund Vanguard Target Retirement 2025 Fund Vanguard Target Retirement 2030 Fund VSEQX 4 VTENX 4 VTXVX 4 VTWNX 4 VTTVX 4 VTHRX 4 Wells Fargo Stable Value C CIT Wells Fargo Stable Value C CIT Wells Fargo Stable Value C CIT Wells Fargo Stable Value C CIT Voya Small Cap Growth Trust Fund Class 2 CIT BlackRock Russell 2000 Index M CIT DFA US Small Cap Value I DFSVX BlackRock Mid Capitalization Equity Index Fund M CIT Vanguard Target Retirement 2010 Vanguard Target Retirement 2015 Vanguard Target Retirement 2020 Vanguard Target Retirement 2025 Vanguard Target Retirement

15 balances with these options at Vanguard Vanguard Target Retirement 2035 Fund VTTHX 4 Vanguard Target Retirement 2035 Vanguard Target Retirement 2040 Fund VFORX 4 Vanguard Target Retirement 2040 Vanguard Target Retirement 2045 Fund VTIVX 4 Vanguard Target Retirement 2045 Vanguard Target Retirement 2050 Fund VFIFX 4 Vanguard Target Retirement 2050 Vanguard Target Retirement 2055 Fund VFFVX 4 Vanguard Target Retirement 2055 Vanguard Target Retirement 2060 Fund VTTSX 4 Vanguard Target Retirement 2060 Vanguard Target Retirement Income Fund VTINX 4 Vanguard Target Retirement Income Vanguard Total Bond Market Index Fund VBMFX 4 BlackRock US Debt Market Index Fund M CIT Vanguard Total International Stock Index Fund VGTSX 4 BlackRock MSCI ACWI Ex US IMI Index M CIT Vanguard Total Stock Market Index Fund Institutional VITSX 4 Vanguard U.S. Growth Fund VWUSX 4 Vanguard U.S. Value Fund Investor VUVLX 4 Dodge & Cox Stock Fund DODGX Vanguard Value Index Fund VIVAX 4 Dodge & Cox Stock Fund DODGX Vanguard Wellesley Income Fund Investor VWINX 4 Vanguard Wellington Fund VWELX 4 Vanguard Windsor Fund VWNDX 4 Dodge & Cox Stock Fund DODGX Vanguard Windsor II Fund VWNFX 4 Dodge & Cox Stock Fund DODGX 15

16 Annuity account options are available through annuity contracts or certificates issued by TIAA or CREF. These contracts or certificates are designed for retirement or other long-term goals, and offer a variety of income options, including lifetime income. Payments from the variable annuity accounts are not guaranteed and will rise or fall based on investment performance. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition to any banking service or activity and may lose value. Investment products may be subject to market and other risk factors. See the applicable product literature, or visit for details. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call or go to for current product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing. TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Each is solely responsible for its own financial condition and contractual obligations. Brokerage Services are provided by TIAA-CREF Brokerage Services, a division of TIAA-CREF Individual & Institutional Services, LLC Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA-CREF), 730 Third Avenue, New York, NY C _513205a (05/15)