TIAA-CREF Quarterly Performance Louisiana Optional Retirement Plan Louisiana Optional Retirement Plan Performance as of 03/31/2016 Before making your investment choices and completing your enrollment form, you should consider the investment objectives, risks, charges and expenses carefully. Please call 877 518-9161 for paper copies of the product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing. To view the prospectuses online, go to tiaa-cref.org/pro and enter your Plan ID: 404919. You can also view TIAA-CREF's privacy policy, business continuity statement, and frequent trading policy at tiaa-cref.org/pro. The performance data quoted represents past performance, and is no guarantee of future results. Your returns and the principal value of your investment will fluctuate so that your mutual fund shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. For performance current to the most recent month-end, go to tiaa-cref.org/planinvestmentoptions and enter your Plan ID: 404919 or call 800 TIAA-CREF (800 842-2273). Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance results would have been lower. performance shown is cumulative for periods less than one year. Equities Total Returns Average Annual Total Returns Columbia Small Cap Value Fund I R5 40 2577 CUURX 11/09/12 2.85% 2.85% -6.12% 6.69% -- -- 11.35% 0.93%/0.93% -- Benchmark: Russell 2000 Value Index 1.70% 1.70% -7.72% 5.73% -- -- 10.99% Deutsche RREEF Real Estate Securities Fund 1540 RRRRX 12/01/99 6.09% 6.09% 4.71% 10.74% 11.52% 6.80% 13.04% 0.63%/0.63% -- Institutional 40, 1204 Benchmark: S&P 500 Index 1.35% 1.35% 1.78% 11.82% 11.58% 7.01% 4.39% DFA Emerging Markets Value Portfolio 1864 DFEVX 04/01/98 8.90% 8.90% -11.37% -6.36% -6.44% 3.27% 9.54% 0.66%/0.56% -- Institutional 40, 45 Benchmark: MSCI Emerging Markets Index 5.71% 5.71% -12.03% -4.50% -4.13% 3.02% -- Dodge & Cox International Stock Fund 40 113 DODFX 05/01/01-3.76% -3.76% -18.12% 1.34% 1.36% 2.46% 6.66% 0.64%/0.64% -- Benchmark: MSCI EAFE Index -3.01% -3.01% -8.27% 2.23% 2.29% 1.80% 3.82% Dodge & Cox Stock Fund 40 119 DODGX 01/04/65-0.99% -0.99% -4.29% 9.51% 10.14% 5.04% 10.85% 0.52%/0.52% -- Benchmark: S&P 500 Index 1.35% 1.35% 1.78% 11.82% 11.58% 7.01% -- JPMorgan Disciplined Equity Fund Institutional 40, 45 2684 JPIEX 01/03/97-0.66% -0.66% -4.35% 10.74% 11.15% 7.23% 7.22% 0.49%/0.45% 10/31/16 Benchmark: S&P 500 Index 1.35% 1.35% 1.78% 11.82% 11.58% 7.01% 7.38% Prudential Jennison Small Company Fund Z 40 620 PSCZX 03/01/96 0.58% 0.58% -8.21% 8.22% 7.60% 6.48% 8.95% 0.83%/0.83% -- Benchmark: Russell 2500 Index 0.39% 0.39% -7.31% 8.16% 8.58% 6.47% 9.33% T. Rowe Price Blue Chip Growth Fund Retail 40 561 TRBCX 06/30/93-5.48% -5.48% -0.86% 14.54% 13.06% 8.40% 10.01% 0.72%/0.72% -- Benchmark: S&P 500 Index 1.35% 1.35% 1.78% 11.82% 11.58% 7.01% 9.03% products, insurance and annuity products: are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
Equities Total Returns Average Annual Total Returns TIAA-CREF International Equity Index Fund 859 TCIEX 10/01/02-2.73% -2.73% -8.21% 2.24% 2.44% 1.91% 7.43% 0.06%/0.06% 02/28/17 Institutional 47 Benchmark: MSCI EAFE Index -3.01% -3.01% -8.27% 2.23% 2.29% 1.80% 7.43% TIAA-CREF S&P 500 Index Fund Institutional 47 861 TISPX 10/01/02 1.32% 1.32% 1.76% 11.75% 11.50% 6.95% 8.92% 0.06%/0.06% 02/28/17 Benchmark: S&P 500 Index 1.35% 1.35% 1.78% 11.82% 11.58% 7.01% 9.01% TIAA-CREF Social Choice Equity Fund Institutional 47 855 TISCX 07/01/99 1.68% 1.68% -1.52% 9.44% 10.05% 6.50% 4.58% 0.18%/0.18% 02/28/17 Benchmark: Russell 3000 Index 0.97% 0.97% -0.34% 11.15% 11.01% 6.90% 4.87% Vanguard Strategic Equity Fund Investor 16, 40 294 VSEQX 08/14/95 0.42% 0.42% -5.85% 11.88% 11.60% 6.25% 10.37% 0.21%/0.21% -- Benchmark: Russell Midcap Index 2.24% 2.24% -4.04% 10.45% 10.30% 7.45% 10.40% Fixed Income Total Returns Average Annual Total Returns BlackRock High Yield Bond Portfolio K 40, 255 2995 BRHYX 11/19/98 1.88% 1.88% -4.21% 2.34% 5.20% 6.99% 7.22% 0.54%/0.54% -- Benchmark: Barclays U.S. High-Yield 2% Issuer Cap Index 3.35% 3.35% -3.66% 1.86% 4.93% 7.03% 6.83% Delaware Extended Duration Bond Fund 1369 DEEIX 09/15/98 5.41% 5.41% -2.41% 4.05% 8.71% 9.16% 8.44% 0.75%/0.71% 11/28/16 Institutional 40, 45 Benchmark: Barclays Long U.S. Corporate Index 6.83% 6.83% -1.34% 4.26% 7.65% 7.23% 6.92% Metropolitan West Total Return Bond Fund I 40 1995 MWTIX 03/31/00 2.43% 2.43% 1.31% 2.69% 4.87% 6.62% 6.57% 0.44%/0.44% -- Benchmark: Barclays U.S. Aggregate Bond Index 3.03% 3.03% 1.96% 2.50% 3.78% 4.90% 5.42% TIAA-CREF Inflation-Linked Bond Fund 872 TIILX 10/01/02 3.50% 3.50% 0.41% -1.16% 2.62% 4.23% 4.44% 0.26%/0.26% 07/31/16 Institutional 47, 1255 Benchmark: Barclays U.S. Treasury Inflation Protected Securities (TIPS) 1-10 Year Index Benchmark: Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) 3.60% 3.60% 1.84% -0.72% 1.88% 4.00% 4.12% 4.46% 4.46% 1.51% -0.71% 3.02% 4.62% 4.77% Vanguard Total Bond Market Index Fund Admiral 40 390 VBTLX 11/12/01 3.09% 3.09% 1.82% 2.38% 3.71% 4.86% 4.50% 0.07%/0.07% -- Benchmark: Barclays U.S. Aggregate Float Adjusted Index 3.12% 3.12% 1.88% 2.47% 3.80% -- -- Multi-Asset Total Returns Average Annual Total Returns TIAA-CREF Lifecycle 2010 Fund 151 TCTIX 01/17/07 1.32% 1.32% -0.87% 4.70% 5.74% 4.95% 5.49% 0.49%/0.37% 09/30/16 Benchmark: Lifecycle 2010 Fund Composite Index 1.91% 1.91% -0.22% 4.84% 5.78% 5.00% 5.54% Benchmark: Barclays U.S. Aggregate Bond Index 3.03% 3.03% 1.96% 2.50% 3.78% 4.90% 4.46% TIAA-CREF Lifecycle 2015 Fund 152 TCNIX 01/17/07 1.07% 1.07% -1.23% 5.08% 5.98% 4.96% 5.63% 0.50%/0.38% 09/30/16 Benchmark: Lifecycle 2015 Fund Composite Index 1.82% 1.82% -0.42% 5.30% 6.10% 5.02% 5.69% products, insurance and annuity products: are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
Multi-Asset Total Returns Average Annual Total Returns TIAA-CREF Lifecycle 2020 Fund 153 TCWIX 01/17/07 0.84% 0.84% -1.61% 5.60% 6.33% 4.91% 5.70% 0.51%/0.39% 09/30/16 Benchmark: Lifecycle 2020 Fund Composite Index 1.66% 1.66% -0.78% 5.84% 6.50% 5.02% 5.78% TIAA-CREF Lifecycle 2025 Fund 154 TCYIX 01/17/07 0.53% 0.53% -2.15% 6.04% 6.62% 4.87% 5.77% 0.53%/0.41% 09/30/16 Benchmark: Lifecycle 2025 Fund Composite Index 1.48% 1.48% -1.15% 6.38% 6.89% 5.01% 5.88% TIAA-CREF Lifecycle 2030 Fund 155 TCRIX 01/17/07 0.21% 0.21% -2.64% 6.50% 6.89% 4.79% 5.77% 0.54%/0.42% 09/30/16 Benchmark: Lifecycle 2030 Fund Composite Index 1.30% 1.30% -1.53% 6.89% 7.26% 4.98% 5.95% TIAA-CREF Lifecycle 2035 Fund 156 TCIIX 01/17/07-0.11% -0.11% -3.06% 6.87% 7.09% 4.88% 5.96% 0.55%/0.43% 09/30/16 Benchmark: Lifecycle 2035 Fund Composite Index 1.09% 1.09% -1.97% 7.30% 7.56% 5.14% 6.19% TIAA-CREF Lifecycle 2040 Fund 157 TCOIX 01/17/07-0.42% -0.42% -3.66% 6.99% 7.22% 5.06% 6.22% 0.56%/0.44% 09/30/16 Benchmark: Lifecycle 2040 Fund Composite Index 0.86% 0.86% -2.44% 7.50% 7.77% 5.31% 6.44% TIAA-CREF Lifecycle 2045 Fund Institutional 45, 132 521 TTFIX 11/30/07-0.49% -0.49% -3.75% 6.95% 7.20% -- 3.69% 0.57%/0.44% 09/30/16 Benchmark: Lifecycle 2045 Fund Composite Index 0.91% 0.91% -2.39% 7.52% 7.78% -- 4.34% Benchmark: Russell 3000 Index 0.97% 0.97% -0.34% 11.15% 11.01% -- 6.40% TIAA-CREF Lifecycle 2050 Fund Institutional 45, 132 523 TFTIX 11/30/07-0.49% -0.49% -3.71% 6.99% 7.22% -- 3.67% 0.57%/0.44% 09/30/16 Benchmark: Lifecycle 2050 Fund Composite Index 0.97% 0.97% -2.33% 7.54% 7.79% -- 4.35% Benchmark: Russell 3000 Index 0.97% 0.97% -0.34% 11.15% 11.01% -- 6.40% TIAA-CREF Lifecycle 2055 Fund Institutional 45, 132 1736 TTRIX 04/29/11-0.35% -0.35% -3.58% 7.03% -- -- 6.65% 0.65%/0.44% 09/30/16 Benchmark: Lifecycle 2055 Fund Composite Index 1.03% 1.03% -2.27% 7.56% -- -- 7.22% Benchmark: Russell 3000 Index 0.97% 0.97% -0.34% 11.15% -- -- 10.53% TIAA-CREF Lifecycle 2060 Fund Institutional 45, 132 3033 TLXNX 09/26/14-0.32% -0.32% -3.55% -- -- -- 0.83% 2.08%/0.44% 09/30/16 Benchmark: Lifecycle 2060 Fund Composite Index 1.10% 1.10% -2.21% -- -- -- 1.16% Benchmark: Russell 3000 Index 0.97% 0.97% -0.34% -- -- -- 3.99% TIAA-CREF Lifecycle Retirement Income Fund 526 TLRIX 11/30/07 1.52% 1.52% -0.71% 4.20% 5.45% -- 4.36% 0.51%/0.36% 09/30/16 Institutional 45, 132 Benchmark: Lifecycle Retirement Income Fund Composite Index 2.01% 2.01% -0.02% 4.31% 5.41% -- 4.53% Benchmark: Barclays U.S. Aggregate Bond Index 3.03% 3.03% 1.96% 2.50% 3.78% -- 4.47% products, insurance and annuity products: are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
Other Total Returns Average Annual Total Returns COLLECTIVE FUND Wells Fargo Stable Return Fund - M 35, 37, 40, 86 1547 -- 10/01/85 0.29% 0.29% 1.16% 1.09% 1.30% 2.41% 5.05% 0.83%/0.83% -- products, insurance and annuity products: are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
A NOTE ABOUT RISK Equity mutual funds generally carry a higher degree of risk than fixed income funds and accounts. This risk is heightened for funds that invest in small and mid-cap stocks and foreign securities. Fixed income mutual funds are not guaranteed and are subject to interest rate, inflation and credit risks. Funds that invest in non-investment grade securities (i.e. highyield) present special risks, including significantly higher interest rate and credit risk. Mutual funds that invest in real estate securities are subject to various risks, including fluctuation in property values, higher expenses or lower income than expected, and potential environmental problems and liability. More detailed information on risks applicable to a particular investment option can be found in the prospectus or other product literature. About the Benchmark A benchmark provides an investor with a point of reference to evaluate an investment s performance. One common type of benchmark used to compare investment performance is called an index. Indexes are unmanaged portfolios of securities designed to track the performance of a particular segment of the market. For example, a large cap stock fund or account will usually be compared to an index that tracks a portfolio of large-cap stocks. Conversely, a bond fund or account is typically compared to an index that tracks a portfolio of bonds that is comparable to the fund or account s portfolio in terms of credit quality, maturity and liquidity. Each mutual fund or account shown in the chart includes performance information for an index that the advisor determined provides a fair comparison of the fund or account s investment performance. Indexes are for comparison purposes only. You cannot invest directly in any index. Index returns do not reflect a deduction for fees or expenses. Morningstar Disclosures Data Provided by Morningstar, Inc. 2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Neither TIAA nor its affiliates has independently verified the accuracy or completeness of this information. Important Information 16 The comparative indices used for this investment product have been provided by Morningstar, Inc. and may not match those that appear in other websites or publications. 40 Accumulations in funds not managed by TIAA may be subject to administrative charges. These charges are subject to change. Please review current documents related to your plan. 132 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. Please note that, as with all mutual funds, the principal value of a Target Retirement Date Fund is not guaranteed. 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. 37 Data provided by Galliard Capital Management. Neither TIAA nor its affiliates has independently verified the accuracy or completeness of this information. 304 The fund's Retirement Class began operations on October 15, 2004. 354 Performance shown for the period and prior to the inception of the Institutional Class is based on the performance of the fund's Retirement Class. Performance has not been restated to reflect the lower expenses of the Institutional Class. If the expense differential had been reflected, performance for these periods would have been higher. 45 The net annual expense reflects a contractual reimbursement of various expenses, which will remain in effect until terminated. Had fees not been waived and/or expenses reimbursed currently or in the past, returns would have been lower. Please see the prospectus for details. 47 A contractual arrangement is in place that limits certain fees and/or expenses. The arrangement will remain in effect until terminated. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. Please see the prospectus for details. 86 The Wells Fargo Stable Return Fund is not insured or guaranteed by any governmental agency. s in the fund are subject to the various risks associated with investing in investment contracts, which include default, interest-rate, and liquidity risk. Default risk is the risk that companies or individuals will not be able to make their required payments on debt obligations. Interest rate risk is the risk that interest payments of debt securities may become less competitive during periods of rising interest rates and declining bond prices. Liquidity risk is the risk that illiquid securities may be difficult to sell at their fair market value. Before investing, please see the fund's Disclosure Document for more detailed information about these and other risks. 255 Prior to September 1, 2015, the fund's K share class was known as the BlackRock share class. 1204 Shares held less than 15 calendar days may be subject to a 2.00% redemption fee. Please see the prospectus for details. The fund performance shown does not reflect the deduction of this fee. Had the fee been deducted, returns would have been lower. 1255 Effective January 1, 2016, the fund's benchmark index changed from the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) to the Barclays US Treasury Inflation Protected Securities (TIPS) 1-10 year index (the "Barclays TIPS 1-10 Index"). 35 The Wells Fargo Stable Return Fund is a collective investment trust fund for which Wells Fargo Bank, N.A. ("Wells Fargo") is the investment advisor and trustee. Galliard Capital Management, Inc., a wholly-owned subsidiary of Wells Fargo, serves as subadvisor to the Fund. The Fund charges an annualized fee for investment and administrative services equivalent to 0.55% of assets invested in the Fund. From this fee, the Fund will pay a fee equivalent to 0.25% of assets invested in the Fund to the Recordkeeper for administrative and recordkeeping services performed by it, or its agents, related to the purchase, sale and holding of fund units. The difference between the Fund's total annual operating expenses (expense ratio) and the investment and administrative services fee described above is attributable to investment contract fees (wrap fees), acquired fund fees, subadvisor investment management expenses, trustee, audit, valuation and 5500 fees. Fund returns reflect all income, realized and unrealized capital gains and losses and all annual fund operating expenses. The Fund is not insured by the FDIC, Federal Reserve Bank, nor guaranteed by Wells Fargo or any affiliate, including Galliard Capital Management. Past performance is not an indication of how the investment will perform in the future. For additional details, please visit http://www.galliard.com/tiaa-cref/svm_disclosure.pdf or refer to the Fund fact sheet.
There are inherent risks in investing. More information on investment risks appears at the end of the performance table. Mutual funds are offered through your plan sponsor s retirement plan, which is recordkept by TIAA-CREF. Funds are offered at that day s net asset value (NAV), and the performance is displayed accordingly. Performance at NAV does not reflect sales charges, which are waived through your retirement plan. If included, the sales charges would have reduced the performance as quoted. TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products. 2016 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA-CREF), 730 Third Avenue, New York, NY 10017. C30662