0000930413-13-003809.txt : 20130712 0000930413-13-003809.hdr.sgml : 20130712 20130712125323 ACCESSION NUMBER: 0000930413-13-003809 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 29 FILED AS OF DATE: 20130712 DATE AS OF CHANGE: 20130712 EFFECTIVENESS DATE: 20130712 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TIAA-CREF FUNDS CENTRAL INDEX KEY: 0001084380 IRS NUMBER: 134055167 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-76651 FILM NUMBER: 13965523 BUSINESS ADDRESS: STREET 1: 730 THIRD AVE. CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2129166746 MAIL ADDRESS: STREET 1: 730 THIRD AVE. CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: TIAA CREF INSTITUTIONAL MUTUAL FUNDS DATE OF NAME CHANGE: 19990415 0001084380 S000005375 TIAA-CREF Lifecycle 2010 Fund C000014639 Retirement Class TCLEX C000047972 Institutional Class TCTIX C000079559 Premier Class TCTPX 0001084380 S000005376 TIAA-CREF Lifecycle 2015 Fund C000014640 Retirement Class TCLIX C000047973 Institutional Class TCNIX C000079560 Premier Class TCFPX 0001084380 S000005377 TIAA-CREF Lifecycle 2020 Fund C000014641 Retirement Class TCLTX C000047974 Institutional Class TCWIX C000079561 Premier Class TCWPX 0001084380 S000005378 TIAA-CREF Lifecycle 2025 Fund C000014642 Retirement Class TCLFX C000047975 Institutional Class TCYIX C000079562 Premier Class TCQPX 0001084380 S000005379 TIAA-CREF Lifecycle 2030 Fund C000014643 Retirement Class TCLNX C000047976 Institutional Class TCRIX C000079563 Premier Class TCHPX 0001084380 S000005380 TIAA-CREF Lifecycle 2035 Fund C000014644 Retirement Class TCLRX C000047977 Institutional Class TCIIX C000079564 Premier Class TCYPX 0001084380 S000005382 TIAA-CREF Lifecycle 2040 Fund C000014647 Retirement Class TCLOX C000047978 Institutional Class TCOIX C000079566 Premier Class TCZPX 0001084380 S000012194 TIAA-CREF Managed Allocation Fund C000033271 Retail Class TIMRX C000033272 Retirement Class TITRX C000033273 Institutional Class TIMIX 0001084380 S000019659 TIAA-CREF Lifecycle 2045 Fund C000054991 Institutional Class TTFIX C000054992 Retirement Class TTFRX C000079575 Premier Class TTFPX 0001084380 S000019660 TIAA-CREF Lifecycle 2050 Fund C000054993 Institutional Class TFTIX C000054994 Retirement Class TLFRX C000079576 Premier Class TCLPX 0001084380 S000019661 TIAA-CREF Lifecycle Retirement Income Fund C000054995 Retail Class TLRRX C000054996 Institutional Class TLRIX C000054997 Retirement Class TLIRX C000079577 Premier Class TPILX 0001084380 S000026498 TIAA-CREF Lifecycle Index 2010 Fund C000079517 Institutional Class TLTIX C000079518 Premier Class TLTPX C000079519 Retirement Class TLTRX 0001084380 S000026499 TIAA-CREF Lifecycle Index Retirement Income Fund C000079520 Institutional Class TRILX C000079521 Premier Class TLIPX C000079522 Retirement Class TRCIX 0001084380 S000026501 TIAA-CREF Lifecycle Index 2015 Fund C000079527 Institutional Class TLFIX C000079528 Premier Class TLFPX C000079529 Retirement Class TLGRX 0001084380 S000026502 TIAA-CREF Lifecycle Index 2020 Fund C000079530 Institutional Class TLWIX C000079531 Premier Class TLWPX C000079532 Retirement Class TLWRX 0001084380 S000026503 TIAA-CREF Lifecycle Index 2025 Fund C000079533 Institutional Class TLQIX C000079534 Premier Class TLVPX C000079535 Retirement Class TLQRX 0001084380 S000026504 TIAA-CREF Lifecycle Index 2030 Fund C000079536 Institutional Class TLHIX C000079537 Premier Class TLHPX C000079538 Retirement Class TLHRX 0001084380 S000026505 TIAA-CREF Lifecycle Index 2035 Fund C000079539 Institutional Class TLYIX C000079540 Premier Class TLYPX C000079541 Retirement Class TLYRX 0001084380 S000026506 TIAA-CREF Lifecycle Index 2040 Fund C000079542 Institutional Class TLZIX C000079543 Premier Class TLPRX C000079544 Retirement Class TLZRX 0001084380 S000026507 TIAA-CREF Lifecycle Index 2045 Fund C000079545 Institutional Class TLXIX C000079546 Premier Class TLMPX C000079547 Retirement Class TLMRX 0001084380 S000026508 TIAA-CREF Lifecycle Index 2050 Fund C000079548 Institutional Class TLLIX C000079549 Premier Class TLLPX C000079550 Retirement Class TLLRX 0001084380 S000031926 TIAA-CREF Lifecycle Index 2055 Fund C000099413 Retirement Class TTIRX C000099414 Institutional Class TTIIX C000099415 Premier Class TTIPX 0001084380 S000031927 TIAA-CREF Lifecycle 2055 Fund C000099416 Retirement Class TTRLX C000099417 Institutional Class TTRIX C000099418 Premier Class TTRPX 497 1 c74148_497.htm

TIAA-CREF LIFECYCLE FUNDS
(series of TIAA-CREF Funds, each a “Fund” and together the “Funds”)

SUPPLEMENT NO. 2
dated July 12, 2013
to the Funds’ Prospectuses dated October 1, 2012

 

 

As set forth more fully below, effective as of August 1, 2013, Teachers Advisors, Inc. has increased the maximum exposure of the Funds to the international sector. In addition, the Advisor has begun investing in the TIAA-CREF International Opportunities Fund and, effective August 1, 2013, the international component of each Fund’s composite benchmark has been changed from the MSCI EAFE® + EM Index to the MSCI ACWI ex-USA® Index.

 

Therefore, the following description of the MSCI ACWI ex-USA Index is included in the “Additional Information about the Funds’ Composite Benchmark Indices” section:

 

MSCI ACWI EX-USA® INDEX (INTERNATIONAL EQUITY)

 

     The MSCI ACWI (All Country World Index) ex-USA Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance by capturing large and mid-capitalization representation of developed and emerging markets. The MSCI ACWI ex-USA Index consists of 44 country indices comprising 23 developed and 21 emerging markets country indices. The developed markets country indices included are: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom. The emerging markets country indices included are: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.

 

In addition, the TIAA-CREF International Opportunities Fund is included in the list of Equity Funds in which the Funds invest and the following description of the TIAA-CREF International Opportunities Fund is hereby added to the “Additional Information about the Underlying Funds” section:

 

   

International Opportunities Fund

Seeks a favorable long-term total return, mainly through capital appreciation, primarily from equity securities of foreign issuers. Under normal circumstances, the Fund invests primarily in equity securities of foreign issuers in developed and emerging markets located around the world but outside the United States. While the Fund is actively managed by selecting individual stocks, sector and country exposure is regularly reviewed against the Fund’s benchmark index, the MSCI ACWI ex-USA® Index, to seek to control risk.

   

 

 

(TIAA CREF LOGO)

A14032 (7/13)



In addition, the “Principle Investment Strategies” section for each Fund will be replaced with the following:

Lifecycle Retirement Income Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy that will not gradually adjust over time and is designed for investors who are already in or entering retirement (i.e., have already passed their retirement year).

     The Fund expects to allocate approximately 40.00% of its assets to equity Underlying Funds and 60.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations may be changed and actual allocations may vary up to 10% from the targets. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which may change, are approximately as follows: U.S. Equity: 28.00%; International Equity: 12.00%; Fixed-Income: 40.00%; Short-Term Fixed-Income: 10.00%; and Inflation-Protected Assets: 10.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. Investors should note that the Fund has a significant level of equity exposure and this exposure could cause fluctuation in the value of the Fund depending on the performance of the equity markets generally.

2


     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.

 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

40.34%

 

U.S. Equity

 

28.12%

 

Large-Cap Value Fund

 

5.42%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Value Index Fund

 

5.34%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

5.03%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

4.93%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

4.58%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

2.26%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.31%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.25%

 

 

 

 

               

 

 

 

 

International Equity

 

12.22%

 

International Equity Fund

 

4.20%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

3.19%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

2.86%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

1.23%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

0.74%

                       

FIXED-INCOME

 

59.66%

 

Fixed-Income

 

39.58%

 

Bond Fund

 

36.59%

 

 

 

 

 

 

 

 

High-Yield Fund

 

2.50%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

0.49%

                       

 

 

 

 

Short-Term Fixed-Income

 

15.35%

 

Short-Term Bond Fund

 

15.02%

 

 

 

 

 

 

 

 

Money Market Fund

 

0.33%

                       

 

 

 

 

Inflation-Protected Assets

 

4.73%

 

Inflation-Linked Bond Fund

 

4.73%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

3


Lifecycle 2010 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors who retired in 2010 or plan to retire within a few years of 2010.

     The Fund expects to allocate approximately 46.00% of its assets to equity Underlying Funds and 54.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2010 and will reach the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2017 to 2020. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 32.20%; International Equity: 13.80%; Fixed-Income: 38.80%; Short-Term Fixed-Income: 7.60%; and Inflation-Protected Assets: 7.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.

4



 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

47.47%

 

U.S. Equity

 

33.11%

 

Enhanced Large-Cap Value Index Fund

 

6.34%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

6.29%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

5.87%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

5.82%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

5.43%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

2.65%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.39%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.32%

 

 

 

 

               

 

 

 

 

International Equity

 

14.36%

 

International Equity Fund

 

4.96%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

3.85%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

3.28%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

1.41%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

0.86%

                       

FIXED-INCOME

 

52.53%

 

Fixed-Income

 

38.09%

 

Bond Fund

 

34.39%

 

 

 

 

 

 

 

 

High-Yield Fund

 

2.85%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

0.85%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

9.61%

 

Short-Term Bond Fund

 

9.26%

 

 

 

 

 

 

 

 

Money Market Fund

 

0.35%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

4.83%

 

Inflation-Linked Bond Fund

 

4.83%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

5


Lifecycle 2015 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015.

     The Fund expects to allocate approximately 51.60% of its assets to equity Underlying Funds and 48.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2015 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 36.12%; International Equity: 15.48%; Fixed-Income: 37.20%; Short-Term Fixed-Income: 5.60%; and Inflation-Protected Assets: 5.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.

6



 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

53.73%

 

U.S. Equity

 

37.61%

 

Large-Cap Value Fund

 

7.19%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Value Index Fund

 

7.18%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

6.66%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

6.65%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

6.12%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

2.99%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.45%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.37%

 

 

 

 

               

 

 

 

 

International Equity

 

16.12%

 

International Equity Fund

 

5.53%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

4.41%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

3.64%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

1.56%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

0.98%

                       

FIXED-INCOME

 

46.27%

 

Fixed-Income

 

35.81%

 

Bond Fund

 

30.98%

 

 

 

 

 

 

 

 

High-Yield Fund

 

3.42%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

1.41%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

5.48%

 

Short-Term Bond Fund

 

5.14%

 

 

 

 

 

 

 

 

Money Market Fund

 

0.34%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

4.98%

 

Inflation-Linked Bond Fund

 

4.98%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

7


Lifecycle 2020 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020.

     The Fund expects to allocate approximately 59.60% of its assets to equity Underlying Funds and 40.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2020 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2027 to 2030. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 41.72%; International Equity: 17.88%; Fixed-Income: 33.20%; Short-Term Fixed-Income: 3.60%; and Inflation-Protected Assets: 3.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.

8



 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

61.75%

 

U.S. Equity

 

43.34%

 

Enhanced Large-Cap Value Index Fund

 

8.31%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

8.23%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

7.70%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

7.62%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

7.05%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

3.44%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.54%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.45%

 

 

 

 

               

 

 

 

 

International Equity

 

18.41%

 

International Equity Fund

 

6.28%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

5.14%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

4.11%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

1.76%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.12%

                       

FIXED-INCOME

 

38.25%

 

Fixed-Income

 

31.75%

 

Bond Fund

 

24.54%

 

 

 

 

 

 

 

 

High-Yield Fund

 

4.39%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

2.82%

                       

 

 

 

 

Short-Term Fixed-Income

 

3.47%

 

Short-Term Bond Fund

 

3.13%

 

 

 

 

 

 

 

 

Money Market Fund

 

0.34%

                       

 

 

 

 

Inflation-Protected Assets

 

3.03%

 

Inflation-Linked Bond Fund

 

3.03%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

9


Lifecycle 2025 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2025.

     The Fund expects to allocate approximately 67.60% of its assets to equity Underlying Funds and 32.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2025 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2032 to 2035. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 47.32%; International Equity: 20.28%; Fixed-Income: 29.20%; Short-Term Fixed-Income: 1.60%; and Inflation-Protected Assets: 1.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.

10



 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

69.78%

 

U.S. Equity

 

49.12%

 

Enhanced Large-Cap Value Index Fund

 

9.43%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

9.33%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

8.73%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

8.63%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

7.96%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

3.89%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.63%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.52%

 

 

 

 

               

 

 

 

 

International Equity

 

20.66%

 

International Equity Fund

 

7.02%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

5.85%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

4.57%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

1.96%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.26%

                       

FIXED-INCOME

 

30.22%

 

Fixed-Income

 

27.66%

 

Bond Fund

 

17.53%

 

 

 

 

 

 

 

 

High-Yield Fund

 

5.36%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

4.77%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

1.47%

 

Short-Term Bond Fund

 

1.13%

 

 

 

 

 

 

 

 

Money Market Fund

 

0.34%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

1.09%

 

Inflation-Linked Bond Fund

 

1.09%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

 

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

11


Lifecycle 2030 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030.

     The Fund expects to allocate approximately 75.60% of its assets to equity Underlying Funds and 24.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2030 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2037 to 2040. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 52.92%; International Equity: 22.68%; Fixed-Income: 24.40%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.

12



 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

77.58%

 

U.S. Equity

 

54.72%

 

Enhanced Large-Cap Value Index Fund

 

10.48%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

10.40%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

9.72%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

9.64%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

8.85%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

4.32%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.71%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.60%

 

 

 

 

               

 

 

 

 

International Equity

 

22.86%

 

International Equity Fund

 

7.74%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

6.55%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

5.02%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

2.14%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.41%

                       

FIXED-INCOME

 

22.42%

 

Fixed-Income

 

22.07%

 

Bond Fund

 

10.28%

 

 

 

 

 

 

 

 

High-Yield Fund

 

5.91%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

5.88%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.35%

 

Money Market Fund

 

0.35%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

 

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

13


Lifecycle 2035 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035.

     The Fund expects to allocate approximately 83.60% of its assets to equity Underlying Funds and 16.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2035 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 58.52%; International Equity: 25.08%; Fixed-Income: 16.40%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.

14



 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

85.43%

 

U.S. Equity

 

60.34%

 

Enhanced Large-Cap Value Index Fund

 

11.57%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

11.47%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

10.73%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

10.62%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

9.74%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

4.75%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.79%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.67%

 

 

 

 

               

 

 

 

 

International Equity

 

25.09%

 

International Equity Fund

 

8.46%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

7.27%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

5.48%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

2.33%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.55%

                       

FIXED-INCOME

 

14.57%

 

Fixed-Income

 

14.24%

 

High-Yield Fund

 

5.90%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

5.86%

 

 

 

 

 

 

 

 

Bond Fund

 

2.48%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.33%

 

Money Market Fund

 

0.33%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

 

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

15


Lifecycle 2040 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2040 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.

16



 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                       

EQUITY

 

89.89%

 

U.S. Equity

 

63.55%

 

Enhanced Large-Cap Value Index Fund

 

12.20%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

12.07%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

11.30%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

11.18%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

10.25%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

5.00%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.84%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.71%

 

 

 

 

               

 

 

 

 

International Equity

 

26.34%

 

International Equity Fund

 

8.86%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

7.67%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

5.74%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

2.44%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.63%

                       

FIXED-INCOME

 

10.11%

 

Fixed-Income

 

9.78%

 

High-Yield Fund

 

5.89%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

3.89%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.33%

 

Money Market Fund

 

0.33%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

 

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

17


Lifecycle 2045 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2045 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.

18



 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

89.88%

 

U.S. Equity

 

63.58%

 

Large-Cap Value Fund

 

12.15%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Value Index Fund

 

12.15%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

11.28%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

11.25%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

10.20%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

5.00%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.84%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.71%

 

 

 

 

               

 

 

 

 

International Equity

 

26.30%

 

International Equity Fund

 

8.81%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

7.67%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

5.74%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

2.44%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.64%

                       

FIXED-INCOME

 

10.12%

 

Fixed-Income

 

9.78%

 

High-Yield Fund

 

5.91%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

3.87%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.34%

 

Money Market Fund

 

0.34%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

19


Lifecycle 2050 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2050 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.

20



 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

89.94%

 

U.S. Equity

 

63.64%

 

Large-Cap Value Fund

 

12.17%

 

Enhanced Large-Cap Value Index Fund

 

12.16%

 

Large-Cap Growth Fund

 

11.30%

 

Enhanced Large-Cap Growth Index Fund

 

11.26%

 

Growth & Income Fund

 

10.19%

 

Small-Cap Equity Fund

 

5.01%

 

Mid-Cap Value Fund

 

0.84%

 

Mid-Cap Growth Fund

 

0.71%

 

 

 

 

 

 

           

 

International Equity

 

26.30%

 

International Equity Fund

 

8.79%

 

Enhanced International Equity Index Fund

 

7.68%

 

Emerging Markets Equity Fund

 

5.75%

 

Global Natural Resources Fund

 

2.44%

 

International Opportunities Fund

 

1.64%

                       

FIXED-INCOME

 

10.06%

 

Fixed-Income

 

9.72%

 

High-Yield Fund

 

5.88%

 

 

 

 

 

Bond Plus Fund

 

3.84%

 

 

 

 

               

 

Short-Term Fixed-Income

 

0.34%

 

Money Market Fund

 

0.34%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

21


Lifecycle 2055 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2055 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.

22



 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

89.80%

 

U.S. Equity

 

63.58%

 

Large-Cap Value Fund

 

12.23%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Value Index Fund

 

12.13%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

11.34%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

11.20%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

10.13%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

5.00%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.84%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.71%

 

 

 

 

               

 

 

 

 

International Equity

 

26.22%

 

International Equity Fund

 

8.71%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

7.68%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

5.76%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

2.43%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.64%

                       

FIXED-INCOME

 

10.20%

 

Fixed-Income

 

9.87%

 

High-Yield Fund

 

5.96%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

3.91%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.33%

 

Money Market Fund

 

0.33%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

23


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TIAA-CREF LIFECYCLE INDEX FUNDS
(series of TIAA-CREF Funds, each a “Fund” and together the “Funds”)

SUPPLEMENT NO. 2
dated July 12, 2013
to the Funds’ Prospectuses dated October 1, 2012

As set forth more fully below, effective as of August 1, 2013, Teachers Advisors, Inc. has increased the maximum exposure of the Funds to the international sector. In addition, the “Principle Investment Strategies” section for each Fund will be replaced with the following:

 

 

(TIAA CREF LOGO)

A12082 (7/13)



Lifecycle Index Retirement Income Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy that will not gradually adjust over time and is designed for investors who are already in or entering retirement (i.e., have already passed their retirement year). The Fund has a policy of investing at least 80% of its assets in Underlying Funds that are managed to seek investment returns that track particular market indices. For purposes of the 80% investment policy, the term “assets” means net assets, plus the amount of any borrowings for investment purposes.

     The Fund expects to allocate approximately 40.00% of its assets to equity Underlying Funds and 60.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations may be changed and actual allocations may vary up to 10% from the targets. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which may change, are approximately as follows: U.S. Equity: 28.00%; International Equity: 12.00%; Fixed-Income: 50.00%; and Inflation-Protected Assets: 10.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. Investors should note that the Fund has a significant level of equity exposure and this exposure could cause fluctuation in the value of the Fund depending on the performance of the equity markets generally.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                       

EQUITY

 

40.43%

 

U.S. Equity

 

30.65%

 

Equity Index Fund

 

30.65%

 

 

 

 

               

 

 

 

 

International Equity

 

9.78%

 

International Equity Index Fund

 

7.39%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

2.39%

                       

FIXED-INCOME

 

59.57%

 

Fixed-Income

 

49.77%

 

Bond Index Fund

 

49.77%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

9.80%

 

Inflation-Linked Bond Fund

 

9.80%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

2


Lifecycle Index 2010 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors who retired in 2010 or plan to retire within a few years of 2010. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 46.00% of its assets to equity Underlying Funds and 54.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2010 and will reach the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2017 to 2020. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 32.20%; International Equity: 13.80%; Fixed-Income: 46.40%; and Inflation-Protected Assets: 7.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

47.50%

 

U.S. Equity

 

35.99%

 

Equity Index Fund

 

35.99%

 

 

 

 

               

 

 

 

 

International Equity

 

11.51%

 

International Equity Index Fund

 

8.71%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

2.80%

                       

FIXED-INCOME

 

52.50%

 

Fixed-Income

 

45.50%

 

Bond Index Fund

 

45.50%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

7.00%

 

Inflation-Linked Bond Fund

 

7.00%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

3


     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

4


Lifecycle Index 2015 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 51.60% of its assets to equity Underlying Funds and 48.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2015 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 36.12%; International Equity: 15.48%; Fixed-Income: 42.80%; and Inflation-Protected Assets: 5.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

53.75%

 

U.S. Equity

 

40.71%

 

Equity Index Fund

 

40.71%

 

 

 

 

               

 

 

 

 

International Equity

 

13.04%

 

International Equity Index Fund

 

9.87%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

3.17%

                       

FIXED-INCOME

 

46.25%

 

Fixed-Income

 

41.21%

 

Bond Index Fund

 

41.21%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

5.04%

 

Inflation-Linked Bond Fund

 

5.04%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

5


     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

6


Lifecycle Index 2020 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 59.60% of its assets to equity Underlying Funds and 40.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2020 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2027 to 2030. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 41.72%; International Equity: 17.88%; Fixed-Income: 36.80%; and Inflation-Protected Assets: 3.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

61.77%

 

U.S. Equity

 

46.87%

 

Equity Index Fund

 

46.87%

 

 

 

 

               

 

 

 

 

International Equity

 

14.90%

 

International Equity Index Fund

 

11.27%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

3.63%

                       

FIXED-INCOME

 

38.23%

 

Fixed-Income

 

35.15%

 

Bond Index Fund

 

35.15%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

3.08%

 

Inflation-Linked Bond Fund

 

3.08%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

7


     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

8


Lifecycle Index 2025 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2025. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 67.60% of its assets to equity Underlying Funds and 32.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2025 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2032 to 2035. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 47.32%; International Equity: 20.28%; Fixed-Income: 30.80%; and Inflation-Protected Assets: 1.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

69.80%

 

U.S. Equity

 

53.00%

 

Equity Index Fund

 

53.00%

 

 

 

 

               

 

 

 

 

International Equity

 

16.80%

 

International Equity Index Fund

 

12.70%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

4.10%

                       

FIXED-INCOME

 

30.20%

 

Fixed-Income

 

29.08%

 

Bond Index Fund

 

29.08%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

1.12%

 

Inflation-Linked Bond Fund

 

1.12%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

9


     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

10


Lifecycle Index 2030 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 75.60% of its assets to equity Underlying Funds and 24.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2030 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2037 to 2040. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 52.92%; International Equity: 22.68%; Fixed-Income: 24.40%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

77.86%

 

U.S. Equity

 

59.17%

 

Equity Index Fund

 

59.17%

 

 

 

 

               

 

 

 

 

International Equity

 

18.69%

 

International Equity Index Fund

 

14.13%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

4.56%

                       

FIXED-INCOME

 

22.14%

 

Fixed-Income

 

22.14%

 

Bond Index Fund

 

22.14%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

11


     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

12


Lifecycle Index 2035 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 83.60% of its assets to equity Underlying Funds and 16.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2035 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 58.52%; International Equity: 25.08%; Fixed-Income: 16.40%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

85.81%

 

U.S. Equity

 

65.23%

 

Equity Index Fund

 

65.23%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

International Equity

 

20.58%

 

International Equity Index Fund

 

15.57%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

5.01%

 

 

 

 

 

 

 

 

 

 

 

 

FIXED-INCOME

 

14.19%

 

Fixed-Income

 

14.19%

 

Bond Index Fund

 

14.19%

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

 

 

 

 

 

 

 

 

 

 

 

 

13


     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

14


Lifecycle Index 2040 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2040 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                       

EQUITY

 

90.26%

 

U.S. Equity

 

68.61%

 

Equity Index Fund

 

68.61%

 

 

 

 

               

 

 

 

 

International Equity

 

21.65%

 

International Equity Index Fund

 

16.38%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

5.27%

                       

FIXED-INCOME

 

9.74%

 

Fixed-Income

 

9.74%

 

Bond Index Fund

 

9.74%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

15


     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

16


Lifecycle Index 2045 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2045 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

90.27%

 

U.S. Equity

 

68.63%

 

Equity Index Fund

 

68.63%

 

 

 

 

               

 

 

 

 

International Equity

 

21.64%

 

International Equity Index Fund

 

16.36%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

5.28%

                       

FIXED-INCOME

 

9.73%

 

Fixed-Income

 

9.73%

 

Bond Index Fund

 

9.73%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

17


     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

18


Lifecycle Index 2050 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2050 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

 

EQUITY

 

90.25%

 

U.S. Equity

 

68.59%

 

Equity Index Fund

 

68.59%

 

 

 

 

               

 

 

 

 

International Equity

 

21.66%

 

International Equity Index Fund

 

16.38%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

5.28%

                       

FIXED-INCOME

 

9.75%

 

Fixed-Income

 

9.75%

 

Bond Index Fund

 

9.75%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

19



 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

 

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

20


Lifecycle Index 2055 Fund

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2055 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

 

EQUITY

 

90.25%

 

U.S. Equity

 

68.61%

 

Equity Index Fund

 

68.61%

 

 

 

 

               

 

 

 

 

International Equity

 

21.64%

 

International Equity Index Fund

 

16.36%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

5.28%

                       

FIXED-INCOME

 

9.75%

 

Fixed-Income

 

9.75%

 

Bond Index Fund

 

9.75%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

21



 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

 

(LINE GRAPH)

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

22


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TIAA-CREF MANAGED ALLOCATION FUND
(the “Fund”)

SUPPLEMENT NO. 2
dated July 12, 2013
to the Fund’s Prospectus dated October 1, 2012

 

As set forth more fully below, effective as of August 1, 2013, Teachers Advisors, Inc. has increased the maximum exposure of the Fund to the international sector. In addition, the Advisor has begun investing in the TIAA-CREF International Opportunities Fund and, effective August 1, 2013, the international component of the Fund’s composite benchmark has been changed from the MSCI EAFE® + EM Index to the MSCI ACWI ex-USA® Index.

 

Therefore, the following description of the MSCI ACWI ex-USA Index is included in the “Additional Information about the Fund’s Composite Benchmark Indices” section:

 

MSCI ACWI EX-USA® INDEX (INTERNATIONAL EQUITY)

 

     The MSCI ACWI (All Country World Index) ex-USA Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance by capturing large and mid-capitalization representation of developed and emerging markets. The MSCI ACWI ex-USA Index consists of 44 country indices comprising 23 developed and 21 emerging markets country indices. The developed markets country indices included are: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom. The emerging markets country indices included are: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.

 

In addition, the TIAA-CREF International Opportunities Fund is included in the list of Equity Funds in which the Fund invests and the following description of the TIAA-CREF International Opportunities Fund is hereby added to the “Additional Information about the Underlying Funds” section:


 

 

 

International Opportunities Fund

Seeks a favorable long-term total return, mainly through capital appreciation, primarily from equity securities of foreign issuers. Under normal circumstances, the Fund invests primarily in equity securities of foreign issuers in developed and emerging markets located around the world but outside the United States. While the Fund is actively managed by selecting individual stocks, sector and country exposure is regularly reviewed against the Fund’s benchmark index, the MSCI ACWI ex-USA® Index, to seek to control risk.

 

 

 

(TIAA CREF LOGO)

A14031 (7/13)




 

In addition, the “Principle Investment Strategies” section for the Fund will be replaced with the following:

 

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy and will generally seek to meet its investment objective by investing: (1) approximately 60% of its assets in equity Underlying Funds including up to 5% of its assets in real estate Underlying Funds; and (2) approximately 40% of its assets in fixed-income Underlying Funds (“target allocations”).

     The Fund currently intends to invest in the following equity Underlying Funds: Growth & Income Fund, International Equity Fund, International Opportunities Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Emerging Markets Equity Fund, Small-Cap Equity Fund, Enhanced International Equity Index Fund, Enhanced Large-Cap Growth Index Fund, Enhanced Large-Cap Value Index Fund, Global Natural Resources Fund and Real Estate Securities Fund.

     The Fund currently intends to invest in the following fixed-income Underlying Funds: Bond Plus Fund, Short-Term Bond Fund, High-Yield Fund and Inflation-Linked Bond Fund.

     As a result of its investments in the Underlying Funds, the Managed Allocation Fund’s returns will reflect investments in a mix of domestic stocks of companies of all sizes, foreign equities, real estate securities and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. If the portfolio managers believe that the relative attractiveness of the markets in which the equity and fixed-income funds are invested changes, they can adjust the percentage of investments in these Underlying Funds up or down by up to 10%. At any given time the Fund may hold between 0% to 5% of its assets in real estate funds. The Fund’s composite benchmark is a composite of three benchmark indices representing three types of market sectors within the equity and fixed-income Underlying Fund asset classes, i.e., domestic equity, international equity and fixed-income. The composite index is created by applying the results of the benchmark for each of these three market sectors in proportion to the Fund’s target allocations among the three market sectors. For more information about the different indices that comprise the Fund’s composite benchmark index, please see “Additional Information About the Fund’s Composite Index” below.

     The composition of the Fund’s fixed-income portion will vary depending on the shape of the yield curve. This means that when there is not much difference between the yield on short-term and long-term bonds, the Fund would normally increase its investments in the Short-Term Bond Fund. The Fund will have less than 5% of its assets in the High-Yield Fund.

     The Fund might sometimes be even more heavily weighted toward equities or fixed-income, if Advisors believes market conditions warrant. For example, the Fund might increase its holdings in fixed-income funds in periods when Advisors believes equity markets will decline.

     As part of the Fund’s ability to invest in unaffiliated investment products or pools noted above, the Board has authorized the Fund to invest in exchange-traded funds (“ETFs”) and exchange-traded notes (“ETNs”). The Fund may use investments in ETFs and ETNs to gain exposure to various market sectors or securities in order to affect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk.

2



 

     For flexibility in meeting redemptions, expenses and the timing of new investments, and as a short-term defense during periods of unusual volatility, the Fund may invest in government securities (as defined in the Investment Company Act of 1940, as amended (the “1940 Act”)), short-term paper or shares of the Money Market Fund. For temporary defensive purposes, the Managed Allocation Fund may invest without limitation in such securities. The Fund cannot guarantee that this strategy will be successful.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations may change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

 

EQUITY

 

60.40%

 

U.S. Equity

 

43.88%

 

Enhanced Large-Cap Value Index Fund

 

8.44%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

8.30%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

7.82%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

7.66%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

7.16%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

3.49%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.55%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.46%

 

 

 

 

               

 

 

 

 

International Equity

 

16.52%

 

International Equity Fund

 

6.15%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

5.01%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

4.02%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.09%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

0.25%

                       

FIXED-INCOME

 

39.60%

 

Fixed-Income

 

39.26%

 

Bond Plus Fund

 

37.25%

 

 

 

 

 

 

 

 

High-Yield Fund

 

2.01%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.34%

 

Money Market Fund

 

0.34%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

3


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EX-101.INS 2 cik0001084380-20130711.xml 0001084380 2012-11-30 2012-11-30 0001084380 cik0001084380:S000019661Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000005375Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000005376Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000005377Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000005378Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000005379Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000005380Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000005382Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000019659Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000019660Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000031927Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000026499Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000026498Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000026501Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000026502Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000026503Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000026504Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000026505Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000026506Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000026507Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000026508Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000031926Member 2012-11-30 2012-11-30 0001084380 cik0001084380:S000012194Member 2012-11-30 2012-11-30 TIAA-CREF FUNDS 497 false 0001084380 2012-11-30 2013-07-11 2013-07-16 2012-10-01 TIAA-CREF Lifecycle Retirement Income Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Retirement Income Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy that will not gradually adjust over time and is designed for investors who are already in or entering retirement (<i>i.e.</i>, have already passed their retirement year).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 40.00% of its assets to equity Underlying Funds and 60.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations may be changed and actual allocations may vary up to 10% from the targets. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which may change, are approximately as follows: U.S. Equity: 28.00%; International Equity: 12.00%; Fixed-Income: 40.00%; Short-Term Fixed-Income: 10.00%; and Inflation-Protected Assets: 10.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. Investors should note that the Fund has a significant level of equity exposure and this exposure could cause fluctuation in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> </table> <br/><p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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style="font-family: ARIAL; font-size: large;">Lifecycle 2010 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). 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The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2010 and will reach the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2017 to 2020. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. 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vertical-align: top"> 0 </td> <td style="text-align: center; vertical-align: top"> 35.00 </td> <td style="text-align: center; vertical-align: top"> 15.00 </td> <td style="text-align: center; vertical-align: top"> 38.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -5 </td> <td style="text-align: center; vertical-align: top"> 31.50 </td> <td style="text-align: center; vertical-align: top"> 13.50 </td> <td style="text-align: center; vertical-align: top"> 39.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -10 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle 2015 Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2015 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 51.60% of its assets to equity Underlying Funds and 48.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2015 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 36.12%; International Equity: 15.48%; Fixed-Income: 37.20%; Short-Term Fixed-Income: 5.60%; and Inflation-Protected Assets: 5.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. 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&#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle 2020 Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2020 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 59.60% of its assets to equity Underlying Funds and 40.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2020 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2027 to 2030. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 41.72%; International Equity: 17.88%; Fixed-Income: 33.20%; Short-Term Fixed-Income: 3.60%; and Inflation-Protected Assets: 3.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle 2025 Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2025 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2025.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 67.60% of its assets to equity Underlying Funds and 32.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2025 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2032 to 2035. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 47.32%; International Equity: 20.28%; Fixed-Income: 29.20%; Short-Term Fixed-Income: 1.60%; and Inflation-Protected Assets: 1.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID 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<p> &#160; </p> </td> <td valign="top"> <p> &#160; </p> </td> <td valign="top"> <p align="right"> &#160; </p> </td> <td valign="top"> <p> &#160; </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle 2030 Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2030 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 75.60% of its assets to equity Underlying Funds and 24.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2030 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2037 to 2040. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 52.92%; International Equity: 22.68%; Fixed-Income: 24.40%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle 2035 Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2035 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 83.60% of its assets to equity Underlying Funds and 16.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2035 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 58.52%; International Equity: 25.08%; Fixed-Income: 16.40%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle 2040 Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2040 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2040 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>EQUITY</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">89.89%</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">U.S. Equity</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">63.55%</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Enhanced Large-Cap Value Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">12.20%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font 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style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p 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style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle 2045 Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2045 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2045 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. 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style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> 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The actual market sector allocations of the Fund may differ from this chart. 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle 2050 Fund <p style="margin-right: 0IN; margin-left: .05PT;"> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2050 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2050 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> </tr> <tr> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td colspan="2" valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td colspan="2" valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>EQUITY</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">89.94%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">U.S. Equity</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">63.64%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Large-Cap Value Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">12.17%</font> </p> </td> </tr> <tr> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Enhanced Large-Cap Value Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">12.16%</font> </p> </td> </tr> <tr> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Large-Cap Growth Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">11.30%</font> </p> </td> </tr> <tr> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Enhanced Large-Cap Growth Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">11.26%</font> </p> </td> </tr> <tr> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Growth &amp; 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</td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><p style="TEXT-INDENT:12.0PT;"> <font size="2">The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. 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vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 35 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 30 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 25 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 20 </td> <td style="text-align: center; vertical-align: top"> 57.40 </td> <td style="text-align: center; vertical-align: top"> 24.60 </td> <td style="text-align: center; vertical-align: top"> 18.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 15 </td> <td style="text-align: center; vertical-align: top"> 51.80 </td> <td style="text-align: center; vertical-align: top"> 22.20 </td> <td style="text-align: center; vertical-align: top"> 26.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 10 </td> <td style="text-align: center; vertical-align: top"> 46.20 </td> <td style="text-align: center; vertical-align: top"> 19.80 </td> <td style="text-align: center; vertical-align: top"> 30.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 5 </td> <td style="text-align: center; vertical-align: top"> 40.60 </td> <td style="text-align: center; vertical-align: top"> 17.40 </td> <td style="text-align: center; vertical-align: top"> 34.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 0 </td> <td style="text-align: center; vertical-align: top"> 35.00 </td> <td style="text-align: center; vertical-align: top"> 15.00 </td> <td style="text-align: center; vertical-align: top"> 38.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -5 </td> <td style="text-align: center; vertical-align: top"> 31.50 </td> <td style="text-align: center; vertical-align: top"> 13.50 </td> <td style="text-align: center; vertical-align: top"> 39.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -10 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -15 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -20 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle 2055 Fund <p style="margin-right: 0IN; margin-left: .05PT;"> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2055 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2055 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" 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The actual market sector allocations of the Fund may differ from this chart. 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle Index Retirement Income Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index Retirement Income Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy that will not gradually adjust over time and is designed for investors who are already in or entering retirement (<i>i.e.</i>, have already passed their retirement year). The Fund has a policy of investing at least 80% of its assets in Underlying Funds that are managed to seek investment returns that track particular market indices. For purposes of the 80% investment policy, the term &#8220;assets&#8221; means net assets, plus the amount of any borrowings for investment purposes.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 40.00% of its assets to equity Underlying Funds and 60.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations may be changed and actual allocations may vary up to 10% from the targets. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which may change, are approximately as follows: U.S. Equity: 28.00%; International Equity: 12.00%; Fixed-Income: 50.00%; and Inflation-Protected Assets: 10.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. Investors should note that the Fund has a significant level of equity exposure and this exposure could cause fluctuation in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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</p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors who retired in 2010 or plan to retire within a few years of 2010. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 46.00% of its assets to equity Underlying Funds and 54.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2010 and will reach the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2017 to 2020. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 32.20%; International Equity: 13.80%; Fixed-Income: 46.40%; and Inflation-Protected Assets: 7.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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The actual market sector allocations of the Fund may differ from this chart. 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</p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. 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More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle Index 2015 Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2015 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 51.60% of its assets to equity Underlying Funds and 48.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2015 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 36.12%; International Equity: 15.48%; Fixed-Income: 42.80%; and Inflation-Protected Assets: 5.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. 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text-align: center; width: 20%"> Inflation-<br /> Protected Assets </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 45 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 40 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 35 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 30 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; 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vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; 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</p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. 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More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle Index 2020 Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2020 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 59.60% of its assets to equity Underlying Funds and 40.40% of its assets to fixed-income Underlying Funds. 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The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 41.72%; International Equity: 17.88%; Fixed-Income: 36.80%; and Inflation-Protected Assets: 3.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. 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</td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. 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vertical-align: top"> <td style="text-align: center"> 25 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 20 </td> <td style="text-align: center"> 57.40 </td> <td style="text-align: center"> 24.60 </td> <td style="text-align: center"> 18.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 15 </td> <td style="text-align: center"> 51.80 </td> <td style="text-align: center"> 22.20 </td> <td style="text-align: center"> 26.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 10 </td> <td style="text-align: center"> 46.20 </td> <td style="text-align: center"> 19.80 </td> <td style="text-align: center"> 32.00 </td> <td style="text-align: center"> 2.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -15 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -20 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -25 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -30 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle Index 2025 Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2025 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2025. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 67.60% of its assets to equity Underlying Funds and 32.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2025 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2032 to 2035. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 47.32%; International Equity: 20.28%; Fixed-Income: 30.80%; and Inflation-Protected Assets: 1.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; 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</p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. 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More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle Index 2030 Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2030 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 75.60% of its assets to equity Underlying Funds and 24.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2030 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2037 to 2040. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 52.92%; International Equity: 22.68%; Fixed-Income: 24.40%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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</p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle Index 2035 Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2035 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 83.60% of its assets to equity Underlying Funds and 16.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2035 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 58.52%; International Equity: 25.08%; Fixed-Income: 16.40%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td colspan="2" valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>EQUITY</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">85.81%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">U.S. Equity</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">65.23%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">65.23%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top"> <p> <b>&#160;</b> </p> </td> <td valign="top"> <p> <b>&#160;</b> </p> </td> <td valign="bottom"> <p align="right"> &#160; </p> </td> <td valign="top"> <p> <b>&#160;</b> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">International Equity</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">20.58%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">International Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">15.57%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Emerging Markets Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">5.01%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; 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<p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> </tr> </table> <br/><p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Inflation-<br /> Protected Assets </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 45 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 40 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 35 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 30 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 25 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 20 </td> <td style="text-align: center"> 57.40 </td> <td style="text-align: center"> 24.60 </td> <td style="text-align: center"> 18.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 15 </td> <td style="text-align: center"> 51.80 </td> <td style="text-align: center"> 22.20 </td> <td style="text-align: center"> 26.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 10 </td> <td style="text-align: center"> 46.20 </td> <td style="text-align: center"> 19.80 </td> <td style="text-align: center"> 32.00 </td> <td style="text-align: center"> 2.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -15 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -20 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -25 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -30 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle Index 2040 Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2040 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2040 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; 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</p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle Index 2045 Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2045 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2045 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; 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vertical-align: top"> <td style="text-align: center"> 25 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 20 </td> <td style="text-align: center"> 57.40 </td> <td style="text-align: center"> 24.60 </td> <td style="text-align: center"> 18.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 15 </td> <td style="text-align: center"> 51.80 </td> <td style="text-align: center"> 22.20 </td> <td style="text-align: center"> 26.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 10 </td> <td style="text-align: center"> 46.20 </td> <td style="text-align: center"> 19.80 </td> <td style="text-align: center"> 32.00 </td> <td style="text-align: center"> 2.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -15 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -20 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -25 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -30 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle Index 2050 Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2050 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2050 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td colspan="12" valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; 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The actual market sector allocations of the Fund may differ from this chart. 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More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table> TIAA-CREF Lifecycle Index 2055 Fund <p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2055 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2055 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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The actual market sector allocations of the Fund may differ from this chart. 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In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 59.60% of its assets to equity Underlying Funds and 40.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2020 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2027 to 2030. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 41.72%; International Equity: 17.88%; Fixed-Income: 33.20%; Short-Term Fixed-Income: 3.60%; and Inflation-Protected Assets: 3.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. 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style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>FIXED-INCOME</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">38.25%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false0falseRisk/Return Summary - TIAA-CREF Lifecycle 2020 Fund (TIAA-CREF Lifecycle 2020 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DocumentRiskReturnSummaryUnlabeledTIAACREFLifecycle2020Fund13 XML 31 R6.xml IDEA: Risk/Return Summary - TIAA-CREF Lifecycle 2015 Fund 2.4.0.8020004 - Document - Risk/Return Summary {Unlabeled} - TIAA-CREF Lifecycle 2015 Fundfalsefalsefalse1false falsefalseS000005376Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle 2015 Fundfalsefalsefalse1false truefalseS000005376Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle 2015 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000005376Memberdei_LegalEntityAxisexplicitMembernanafalse02false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle 2015 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2015 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 51.60% of its assets to equity Underlying Funds and 48.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2015 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 36.12%; International Equity: 15.48%; Fixed-Income: 37.20%; Short-Term Fixed-Income: 5.60%; and Inflation-Protected Assets: 5.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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vertical-align: top"> -25 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -30 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false0falseRisk/Return Summary - TIAA-CREF Lifecycle 2015 Fund (TIAA-CREF Lifecycle 2015 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DocumentRiskReturnSummaryUnlabeledTIAACREFLifecycle2015Fund13 XML 32 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle 2040 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle 2040 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2040 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                       

EQUITY

 

89.89%

 

U.S. Equity

 

63.55%

 

Enhanced Large-Cap Value Index Fund

 

12.20%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

12.07%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

11.30%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

11.18%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

10.25%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

5.00%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.84%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.71%

 

 

 

 

               

 

 

 

 

International Equity

 

26.34%

 

International Equity Fund

 

8.86%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

7.67%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

5.74%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

2.44%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.63%

                       

FIXED-INCOME

 

10.11%

 

Fixed-Income

 

9.78%

 

High-Yield Fund

 

5.89%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

3.89%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.33%

 

Money Market Fund

 

0.33%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2040 Fund

XML 33 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle 2010 Fund
TIAA-CREF Lifecycle 2010 Fund

Lifecycle 2010 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors who retired in 2010 or plan to retire within a few years of 2010.

     The Fund expects to allocate approximately 46.00% of its assets to equity Underlying Funds and 54.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2010 and will reach the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2017 to 2020. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 32.20%; International Equity: 13.80%; Fixed-Income: 38.80%; Short-Term Fixed-Income: 7.60%; and Inflation-Protected Assets: 7.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

47.47%

 

U.S. Equity

 

33.11%

 

Enhanced Large-Cap Value Index Fund

 

6.34%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

6.29%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

5.87%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

5.82%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

5.43%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

2.65%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.39%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.32%

 

 

 

 

               

 

 

 

 

International Equity

 

14.36%

 

International Equity Fund

 

4.96%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

3.85%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

3.28%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

1.41%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

0.86%

                       

FIXED-INCOME

 

52.53%

 

Fixed-Income

 

38.09%

 

Bond Fund

 

34.39%

 

 

 

 

 

 

 

 

High-Yield Fund

 

2.85%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

0.85%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

9.61%

 

Short-Term Bond Fund

 

9.26%

 

 

 

 

 

 

 

 

Money Market Fund

 

0.35%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

4.83%

 

Inflation-Linked Bond Fund

 

4.83%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

XML 34 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle 2025 Fund
TIAA-CREF Lifecycle 2025 Fund

Lifecycle 2025 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2025.

     The Fund expects to allocate approximately 67.60% of its assets to equity Underlying Funds and 32.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2025 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2032 to 2035. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 47.32%; International Equity: 20.28%; Fixed-Income: 29.20%; Short-Term Fixed-Income: 1.60%; and Inflation-Protected Assets: 1.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

69.78%

 

U.S. Equity

 

49.12%

 

Enhanced Large-Cap Value Index Fund

 

9.43%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

9.33%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

8.73%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

8.63%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

7.96%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

3.89%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.63%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.52%

 

 

 

 

               

 

 

 

 

International Equity

 

20.66%

 

International Equity Fund

 

7.02%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

5.85%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

4.57%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

1.96%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.26%

                       

FIXED-INCOME

 

30.22%

 

Fixed-Income

 

27.66%

 

Bond Fund

 

17.53%

 

 

 

 

 

 

 

 

High-Yield Fund

 

5.36%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

4.77%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

1.47%

 

Short-Term Bond Fund

 

1.13%

 

 

 

 

 

 

 

 

Money Market Fund

 

0.34%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

1.09%

 

Inflation-Linked Bond Fund

 

1.09%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

 


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

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XML 38 R29.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle Index 2015 Fund 2.4.0.8020027 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle Index 2015 Fundtruetruefalse1false falsefalseS000026501Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000026501Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle Index 2015 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000026501Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2015 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 51.60% of its assets to equity Underlying Funds and 48.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2015 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 36.12%; International Equity: 15.48%; Fixed-Income: 42.80%; and Inflation-Protected Assets: 5.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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</td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Inflation-<br /> Protected Assets </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 45 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 40 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 35 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 30 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 25 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 20 </td> <td style="text-align: center"> 57.40 </td> <td style="text-align: center"> 24.60 </td> <td style="text-align: center"> 18.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 15 </td> <td style="text-align: center"> 51.80 </td> <td style="text-align: center"> 22.20 </td> <td style="text-align: center"> 26.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 10 </td> <td style="text-align: center"> 46.20 </td> <td style="text-align: center"> 19.80 </td> <td style="text-align: center"> 32.00 </td> <td style="text-align: center"> 2.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -15 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -20 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -25 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -30 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle Index 2015 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle Index 2015 Fund (TIAA-CREF Lifecycle Index 2015 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycleIndex2015Fund14 XML 39 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle 2045 Fund
TIAA-CREF Lifecycle 2045 Fund

Lifecycle 2045 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2045 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

89.88%

 

U.S. Equity

 

63.58%

 

Large-Cap Value Fund

 

12.15%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Value Index Fund

 

12.15%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

11.28%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

11.25%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

10.20%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

5.00%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.84%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.71%

 

 

 

 

               

 

 

 

 

International Equity

 

26.30%

 

International Equity Fund

 

8.81%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

7.67%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

5.74%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

2.44%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.64%

                       

FIXED-INCOME

 

10.12%

 

Fixed-Income

 

9.78%

 

High-Yield Fund

 

5.91%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

3.87%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.34%

 

Money Market Fund

 

0.34%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

XML 40 R34.xml IDEA: Risk/Return Summary - TIAA-CREF Lifecycle Index 2030 Fund 2.4.0.8020032 - Document - Risk/Return Summary {Unlabeled} - TIAA-CREF Lifecycle Index 2030 Fundfalsefalsefalse1false falsefalseS000026504Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle Index 2030 Fundfalsefalsefalse1false truefalseS000026504Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle Index 2030 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000026504Memberdei_LegalEntityAxisexplicitMembernanafalse02false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle Index 2030 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2030 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 75.60% of its assets to equity Underlying Funds and 24.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2030 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2037 to 2040. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 52.92%; International Equity: 22.68%; Fixed-Income: 24.40%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; 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vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. 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In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2055 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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text-align: center; width: 20%"> Inflation-<br /> Protected Assets </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 45 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 40 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 35 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 30 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 25 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 20 </td> <td style="text-align: center"> 57.40 </td> <td style="text-align: center"> 24.60 </td> <td style="text-align: center"> 18.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 15 </td> <td style="text-align: center"> 51.80 </td> <td style="text-align: center"> 22.20 </td> <td style="text-align: center"> 26.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 10 </td> <td style="text-align: center"> 46.20 </td> <td style="text-align: center"> 19.80 </td> <td style="text-align: center"> 32.00 </td> <td style="text-align: center"> 2.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -15 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -20 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -25 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -30 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false0falseRisk/Return Summary - TIAA-CREF Lifecycle Index 2025 Fund (TIAA-CREF Lifecycle Index 2025 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DocumentRiskReturnSummaryUnlabeledTIAACREFLifecycleIndex2025Fund13 XML 43 R25.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle Index Retirement Income Fund 2.4.0.8020023 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle Index Retirement Income Fundtruetruefalse1false falsefalseS000026499Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000026499Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle Index Retirement Income Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000026499Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index Retirement Income Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy that will not gradually adjust over time and is designed for investors who are already in or entering retirement (<i>i.e.</i>, have already passed their retirement year). The Fund has a policy of investing at least 80% of its assets in Underlying Funds that are managed to seek investment returns that track particular market indices. For purposes of the 80% investment policy, the term &#8220;assets&#8221; means net assets, plus the amount of any borrowings for investment purposes.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 40.00% of its assets to equity Underlying Funds and 60.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations may be changed and actual allocations may vary up to 10% from the targets. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which may change, are approximately as follows: U.S. Equity: 28.00%; International Equity: 12.00%; Fixed-Income: 50.00%; and Inflation-Protected Assets: 10.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. Investors should note that the Fund has a significant level of equity exposure and this exposure could cause fluctuation in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="justify"> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>EQUITY</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">40.43%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="justify"> <font size="1" style="font-family: ARIAL;">U.S. Equity</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">30.65%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">30.65%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top"> <p> &#160; </p> </td> <td valign="top"> <p> &#160; </p> </td> <td valign="top"> <p> &#160; </p> </td> <td valign="top"> <p> &#160; </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="justify"> <font size="1" style="font-family: ARIAL;">International Equity</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">9.78%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">International Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">7.39%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="justify"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Emerging Markets Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">2.39%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>FIXED-INCOME</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">59.57%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="justify"> <font size="1" style="font-family: ARIAL;">Fixed-Income</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">49.77%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Bond Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">49.77%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top"> <p> &#160; </p> </td> <td valign="top"> <p> &#160; </p> </td> <td valign="top"> <p> &#160; </p> </td> <td valign="top"> <p> &#160; </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="justify"> <font size="1" style="font-family: ARIAL;">Inflation-Protected Assets</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">9.80%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Inflation-Linked Bond Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">9.80%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="justify"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle Index Retirement Income Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle Index Retirement Income Fund (TIAA-CREF Lifecycle Index Retirement Income Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycleIndexRetirementIncomeFund14 XML 44 R48.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Prospectus Date rr_ProspectusDate Oct. 01, 2012
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TIAA-CREF Lifecycle Index 2040 Fund
TIAA-CREF Lifecycle Index 2040 Fund

Lifecycle Index 2040 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2040 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                       

EQUITY

 

90.26%

 

U.S. Equity

 

68.61%

 

Equity Index Fund

 

68.61%

 

 

 

 

               

 

 

 

 

International Equity

 

21.65%

 

International Equity Index Fund

 

16.38%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

5.27%

                       

FIXED-INCOME

 

9.74%

 

Fixed-Income

 

9.74%

 

Bond Index Fund

 

9.74%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

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TIAA-CREF Lifecycle Index 2010 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle Index 2010 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors who retired in 2010 or plan to retire within a few years of 2010. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 46.00% of its assets to equity Underlying Funds and 54.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2010 and will reach the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2017 to 2020. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 32.20%; International Equity: 13.80%; Fixed-Income: 46.40%; and Inflation-Protected Assets: 7.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

47.50%

 

U.S. Equity

 

35.99%

 

Equity Index Fund

 

35.99%

 

 

 

 

               

 

 

 

 

International Equity

 

11.51%

 

International Equity Index Fund

 

8.71%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

2.80%

                       

FIXED-INCOME

 

52.50%

 

Fixed-Income

 

45.50%

 

Bond Index Fund

 

45.50%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

7.00%

 

Inflation-Linked Bond Fund

 

7.00%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2010 Fund
XML 47 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle Index 2010 Fund
TIAA-CREF Lifecycle Index 2010 Fund

Lifecycle Index 2010 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors who retired in 2010 or plan to retire within a few years of 2010. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 46.00% of its assets to equity Underlying Funds and 54.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2010 and will reach the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2017 to 2020. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 32.20%; International Equity: 13.80%; Fixed-Income: 46.40%; and Inflation-Protected Assets: 7.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

47.50%

 

U.S. Equity

 

35.99%

 

Equity Index Fund

 

35.99%

 

 

 

 

               

 

 

 

 

International Equity

 

11.51%

 

International Equity Index Fund

 

8.71%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

2.80%

                       

FIXED-INCOME

 

52.50%

 

Fixed-Income

 

45.50%

 

Bond Index Fund

 

45.50%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

7.00%

 

Inflation-Linked Bond Fund

 

7.00%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

XML 48 R46.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Managed Allocation Fund
TIAA-CREF Managed Allocation Fund

 

 

 

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy and will generally seek to meet its investment objective by investing: (1) approximately 60% of its assets in equity Underlying Funds including up to 5% of its assets in real estate Underlying Funds; and (2) approximately 40% of its assets in fixed-income Underlying Funds (“target allocations”).

     The Fund currently intends to invest in the following equity Underlying Funds: Growth & Income Fund, International Equity Fund, International Opportunities Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Emerging Markets Equity Fund, Small-Cap Equity Fund, Enhanced International Equity Index Fund, Enhanced Large-Cap Growth Index Fund, Enhanced Large-Cap Value Index Fund, Global Natural Resources Fund and Real Estate Securities Fund.

     The Fund currently intends to invest in the following fixed-income Underlying Funds: Bond Plus Fund, Short-Term Bond Fund, High-Yield Fund and Inflation-Linked Bond Fund.

     As a result of its investments in the Underlying Funds, the Managed Allocation Fund’s returns will reflect investments in a mix of domestic stocks of companies of all sizes, foreign equities, real estate securities and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. If the portfolio managers believe that the relative attractiveness of the markets in which the equity and fixed-income funds are invested changes, they can adjust the percentage of investments in these Underlying Funds up or down by up to 10%. At any given time the Fund may hold between 0% to 5% of its assets in real estate funds. The Fund’s composite benchmark is a composite of three benchmark indices representing three types of market sectors within the equity and fixed-income Underlying Fund asset classes, i.e., domestic equity, international equity and fixed-income. The composite index is created by applying the results of the benchmark for each of these three market sectors in proportion to the Fund’s target allocations among the three market sectors. For more information about the different indices that comprise the Fund’s composite benchmark index, please see “Additional Information About the Fund’s Composite Index” below.

     The composition of the Fund’s fixed-income portion will vary depending on the shape of the yield curve. This means that when there is not much difference between the yield on short-term and long-term bonds, the Fund would normally increase its investments in the Short-Term Bond Fund. The Fund will have less than 5% of its assets in the High-Yield Fund.

     The Fund might sometimes be even more heavily weighted toward equities or fixed-income, if Advisors believes market conditions warrant. For example, the Fund might increase its holdings in fixed-income funds in periods when Advisors believes equity markets will decline.

     As part of the Fund’s ability to invest in unaffiliated investment products or pools noted above, the Board has authorized the Fund to invest in exchange-traded funds (“ETFs”) and exchange-traded notes (“ETNs”). The Fund may use investments in ETFs and ETNs to gain exposure to various market sectors or securities in order to affect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk.


 

     For flexibility in meeting redemptions, expenses and the timing of new investments, and as a short-term defense during periods of unusual volatility, the Fund may invest in government securities (as defined in the Investment Company Act of 1940, as amended (the “1940 Act”)), short-term paper or shares of the Money Market Fund. For temporary defensive purposes, the Managed Allocation Fund may invest without limitation in such securities. The Fund cannot guarantee that this strategy will be successful.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations may change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

 

EQUITY

 

60.40%

 

U.S. Equity

 

43.88%

 

Enhanced Large-Cap Value Index Fund

 

8.44%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

8.30%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

7.82%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

7.66%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

7.16%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

3.49%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.55%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.46%

 

 

 

 

               

 

 

 

 

International Equity

 

16.52%

 

International Equity Fund

 

6.15%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

5.01%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

4.02%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.09%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

0.25%

                       

FIXED-INCOME

 

39.60%

 

Fixed-Income

 

39.26%

 

Bond Plus Fund

 

37.25%

 

 

 

 

 

 

 

 

High-Yield Fund

 

2.01%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.34%

 

Money Market Fund

 

0.34%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       
XML 49 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle Index 2030 Fund
TIAA-CREF Lifecycle Index 2030 Fund

Lifecycle Index 2030 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 75.60% of its assets to equity Underlying Funds and 24.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2030 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2037 to 2040. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 52.92%; International Equity: 22.68%; Fixed-Income: 24.40%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

77.86%

 

U.S. Equity

 

59.17%

 

Equity Index Fund

 

59.17%

 

 

 

 

               

 

 

 

 

International Equity

 

18.69%

 

International Equity Index Fund

 

14.13%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

4.56%

                       

FIXED-INCOME

 

22.14%

 

Fixed-Income

 

22.14%

 

Bond Index Fund

 

22.14%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

XML 50 R19.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle 2045 Fund 2.4.0.8020017 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle 2045 Fundtruetruefalse1false falsefalseS000019659Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000019659Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle 2045 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000019659Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2045 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2045 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> 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vertical-align: top"> 25 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 20 </td> <td style="text-align: center; vertical-align: top"> 57.40 </td> <td style="text-align: center; vertical-align: top"> 24.60 </td> <td style="text-align: center; vertical-align: top"> 18.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 15 </td> <td style="text-align: center; vertical-align: top"> 51.80 </td> <td style="text-align: center; vertical-align: top"> 22.20 </td> <td style="text-align: center; vertical-align: top"> 26.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 10 </td> <td style="text-align: center; vertical-align: top"> 46.20 </td> <td style="text-align: center; vertical-align: top"> 19.80 </td> <td style="text-align: center; vertical-align: top"> 30.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 5 </td> <td style="text-align: center; vertical-align: top"> 40.60 </td> <td style="text-align: center; vertical-align: top"> 17.40 </td> <td style="text-align: center; vertical-align: top"> 34.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle 2045 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle 2045 Fund (TIAA-CREF Lifecycle 2045 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycle2045Fund14 XML 51 R40.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle Index 2045 Fund
TIAA-CREF Lifecycle Index 2045 Fund

Lifecycle Index 2045 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2045 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

90.27%

 

U.S. Equity

 

68.63%

 

Equity Index Fund

 

68.63%

 

 

 

 

               

 

 

 

 

International Equity

 

21.64%

 

International Equity Index Fund

 

16.36%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

5.28%

                       

FIXED-INCOME

 

9.73%

 

Fixed-Income

 

9.73%

 

Bond Index Fund

 

9.73%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

XML 52 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle Index 2020 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle Index 2020 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 59.60% of its assets to equity Underlying Funds and 40.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2020 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2027 to 2030. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 41.72%; International Equity: 17.88%; Fixed-Income: 36.80%; and Inflation-Protected Assets: 3.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

61.77%

 

U.S. Equity

 

46.87%

 

Equity Index Fund

 

46.87%

 

 

 

 

               

 

 

 

 

International Equity

 

14.90%

 

International Equity Index Fund

 

11.27%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

3.63%

                       

FIXED-INCOME

 

38.23%

 

Fixed-Income

 

35.15%

 

Bond Index Fund

 

35.15%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

3.08%

 

Inflation-Linked Bond Fund

 

3.08%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2020 Fund
XML 53 R9.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle 2020 Fund 2.4.0.8020007 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle 2020 Fundtruetruefalse1false falsefalseS000005377Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000005377Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle 2020 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000005377Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2020 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 59.60% of its assets to equity Underlying Funds and 40.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2020 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2027 to 2030. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 41.72%; International Equity: 17.88%; Fixed-Income: 33.20%; Short-Term Fixed-Income: 3.60%; and Inflation-Protected Assets: 3.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> </tr> <tr> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td colspan="2" valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td colspan="2" valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>EQUITY</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">61.75%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">U.S. Equity</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">43.34%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Enhanced Large-Cap Value Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">8.31%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Large-Cap Value Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">8.23%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" 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style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Large-Cap Growth Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">7.62%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> 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style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>FIXED-INCOME</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">38.25%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> 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<p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Inflation-Protected Assets</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">3.03%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Inflation-Linked Bond Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">3.03%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; width: 14%; text-align: center; vertical-align: bottom"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 14%; vertical-align: bottom"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 16%; vertical-align: bottom"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 16%; vertical-align: bottom"> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 18%; vertical-align: bottom"> Short-term<br /> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 22%; vertical-align: bottom"> Inflation- Protected<br /> Assets </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 45 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 40 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 35 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 30 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 25 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 20 </td> <td style="text-align: center; vertical-align: top"> 57.40 </td> <td style="text-align: center; vertical-align: top"> 24.60 </td> <td style="text-align: center; vertical-align: top"> 18.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 15 </td> <td style="text-align: center; vertical-align: top"> 51.80 </td> <td style="text-align: center; vertical-align: top"> 22.20 </td> <td style="text-align: center; vertical-align: top"> 26.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 10 </td> <td style="text-align: center; vertical-align: top"> 46.20 </td> <td style="text-align: center; vertical-align: top"> 19.80 </td> <td style="text-align: center; vertical-align: top"> 30.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 5 </td> <td style="text-align: center; vertical-align: top"> 40.60 </td> <td style="text-align: center; vertical-align: top"> 17.40 </td> <td style="text-align: center; vertical-align: top"> 34.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 0 </td> <td style="text-align: center; vertical-align: top"> 35.00 </td> <td style="text-align: center; vertical-align: top"> 15.00 </td> <td style="text-align: center; vertical-align: top"> 38.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -5 </td> <td style="text-align: center; vertical-align: top"> 31.50 </td> <td style="text-align: center; vertical-align: top"> 13.50 </td> <td style="text-align: center; vertical-align: top"> 39.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -10 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -15 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -20 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -25 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -30 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle 2020 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle 2020 Fund (TIAA-CREF Lifecycle 2020 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycle2020Fund14 XML 54 R43.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle Index 2050 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle Index 2050 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2050 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

 

EQUITY

 

90.25%

 

U.S. Equity

 

68.59%

 

Equity Index Fund

 

68.59%

 

 

 

 

               

 

 

 

 

International Equity

 

21.66%

 

International Equity Index Fund

 

16.38%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

5.28%

                       

FIXED-INCOME

 

9.75%

 

Fixed-Income

 

9.75%

 

Bond Index Fund

 

9.75%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2050 Fund
XML 55 R12.xml IDEA: Risk/Return Summary - TIAA-CREF Lifecycle 2030 Fund 2.4.0.8020010 - Document - Risk/Return Summary {Unlabeled} - TIAA-CREF Lifecycle 2030 Fundfalsefalsefalse1false falsefalseS000005379Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle 2030 Fundfalsefalsefalse1false truefalseS000005379Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle 2030 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000005379Memberdei_LegalEntityAxisexplicitMembernanafalse02false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle 2030 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2030 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 75.60% of its assets to equity Underlying Funds and 24.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2030 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2037 to 2040. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 52.92%; International Equity: 22.68%; Fixed-Income: 24.40%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td colspan="2" valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>EQUITY</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">77.58%</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">U.S. 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size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Enhanced International Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">5.01%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Emerging Markets Equity Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">4.02%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">International Opportunities Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">1.09%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Global Natural Resources Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">0.25%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>FIXED-INCOME</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">39.60%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Fixed-Income</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">39.26%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Bond Plus Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">37.25%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">High-Yield Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">2.01%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top"> <p> &#160; </p> </td> <td valign="top"> <p> &#160; </p> </td> <td valign="top"> <p align="right"> &#160; </p> </td> <td valign="top"> <p> &#160; </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Short-Term Fixed-Income</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">0.34%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Money Market Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">0.34%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false0falseRisk/Return Summary - TIAA-CREF Managed Allocation Fund (TIAA-CREF Managed Allocation Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DocumentRiskReturnSummaryUnlabeledTIAACREFManagedAllocationFund13 XML 57 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle Index Retirement Income Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle Index Retirement Income Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy that will not gradually adjust over time and is designed for investors who are already in or entering retirement (i.e., have already passed their retirement year). The Fund has a policy of investing at least 80% of its assets in Underlying Funds that are managed to seek investment returns that track particular market indices. For purposes of the 80% investment policy, the term “assets” means net assets, plus the amount of any borrowings for investment purposes.

     The Fund expects to allocate approximately 40.00% of its assets to equity Underlying Funds and 60.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations may be changed and actual allocations may vary up to 10% from the targets. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which may change, are approximately as follows: U.S. Equity: 28.00%; International Equity: 12.00%; Fixed-Income: 50.00%; and Inflation-Protected Assets: 10.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. Investors should note that the Fund has a significant level of equity exposure and this exposure could cause fluctuation in the value of the Fund depending on the performance of the equity markets generally.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                       

EQUITY

 

40.43%

 

U.S. Equity

 

30.65%

 

Equity Index Fund

 

30.65%

 

 

 

 

               

 

 

 

 

International Equity

 

9.78%

 

International Equity Index Fund

 

7.39%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

2.39%

                       

FIXED-INCOME

 

59.57%

 

Fixed-Income

 

49.77%

 

Bond Index Fund

 

49.77%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

9.80%

 

Inflation-Linked Bond Fund

 

9.80%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index Retirement Income Fund
XML 58 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle 2015 Fund
TIAA-CREF Lifecycle 2015 Fund

Lifecycle 2015 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015.

     The Fund expects to allocate approximately 51.60% of its assets to equity Underlying Funds and 48.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2015 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 36.12%; International Equity: 15.48%; Fixed-Income: 37.20%; Short-Term Fixed-Income: 5.60%; and Inflation-Protected Assets: 5.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

53.73%

 

U.S. Equity

 

37.61%

 

Large-Cap Value Fund

 

7.19%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Value Index Fund

 

7.18%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

6.66%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

6.65%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

6.12%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

2.99%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.45%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.37%

 

 

 

 

               

 

 

 

 

International Equity

 

16.12%

 

International Equity Fund

 

5.53%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

4.41%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

3.64%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

1.56%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

0.98%

                       

FIXED-INCOME

 

46.27%

 

Fixed-Income

 

35.81%

 

Bond Fund

 

30.98%

 

 

 

 

 

 

 

 

High-Yield Fund

 

3.42%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

1.41%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

5.48%

 

Short-Term Bond Fund

 

5.14%

 

 

 

 

 

 

 

 

Money Market Fund

 

0.34%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

4.98%

 

Inflation-Linked Bond Fund

 

4.98%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

XML 59 R40.xml IDEA: Risk/Return Summary - TIAA-CREF Lifecycle Index 2045 Fund 2.4.0.8020038 - Document - Risk/Return Summary {Unlabeled} - TIAA-CREF Lifecycle Index 2045 Fundfalsefalsefalse1false falsefalseS000026507Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle Index 2045 Fundfalsefalsefalse1false truefalseS000026507Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle Index 2045 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000026507Memberdei_LegalEntityAxisexplicitMembernanafalse02false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle Index 2045 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2045 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2045 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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</p> </td> <td valign="top"> <p> <b>&#160;</b> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">International Equity</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">21.64%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">International Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">16.36%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Emerging Markets Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">5.28%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>FIXED-INCOME</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">9.73%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Fixed-Income</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">9.73%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Bond Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">9.73%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; 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</td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Inflation-<br /> Protected Assets </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 45 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 40 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 35 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 30 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 25 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 20 </td> <td style="text-align: center"> 57.40 </td> <td style="text-align: center"> 24.60 </td> <td style="text-align: center"> 18.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 15 </td> <td style="text-align: center"> 51.80 </td> <td style="text-align: center"> 22.20 </td> <td style="text-align: center"> 26.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 10 </td> <td style="text-align: center"> 46.20 </td> <td style="text-align: center"> 19.80 </td> <td style="text-align: center"> 32.00 </td> <td style="text-align: center"> 2.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -15 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -20 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -25 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -30 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false0falseRisk/Return Summary - TIAA-CREF Lifecycle Index 2045 Fund (TIAA-CREF Lifecycle Index 2045 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DocumentRiskReturnSummaryUnlabeledTIAACREFLifecycleIndex2045Fund13 XML 60 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle 2020 Fund
TIAA-CREF Lifecycle 2020 Fund

Lifecycle 2020 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020.

     The Fund expects to allocate approximately 59.60% of its assets to equity Underlying Funds and 40.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2020 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2027 to 2030. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 41.72%; International Equity: 17.88%; Fixed-Income: 33.20%; Short-Term Fixed-Income: 3.60%; and Inflation-Protected Assets: 3.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

61.75%

 

U.S. Equity

 

43.34%

 

Enhanced Large-Cap Value Index Fund

 

8.31%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

8.23%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

7.70%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

7.62%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

7.05%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

3.44%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.54%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.45%

 

 

 

 

               

 

 

 

 

International Equity

 

18.41%

 

International Equity Fund

 

6.28%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

5.14%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

4.11%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

1.76%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.12%

                       

FIXED-INCOME

 

38.25%

 

Fixed-Income

 

31.75%

 

Bond Fund

 

24.54%

 

 

 

 

 

 

 

 

High-Yield Fund

 

4.39%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

2.82%

                       

 

 

 

 

Short-Term Fixed-Income

 

3.47%

 

Short-Term Bond Fund

 

3.13%

 

 

 

 

 

 

 

 

Money Market Fund

 

0.34%

                       

 

 

 

 

Inflation-Protected Assets

 

3.03%

 

Inflation-Linked Bond Fund

 

3.03%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

XML 61 R11.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle 2025 Fund 2.4.0.8020009 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle 2025 Fundtruetruefalse1false falsefalseS000005378Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000005378Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle 2025 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000005378Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2025 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2025.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 67.60% of its assets to equity Underlying Funds and 32.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2025 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2032 to 2035. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 47.32%; International Equity: 20.28%; Fixed-Income: 29.20%; Short-Term Fixed-Income: 1.60%; and Inflation-Protected Assets: 1.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID 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<font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Short-Term Fixed-Income</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">1.47%</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Short-Term Bond Fund</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">1.13%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Money Market Fund</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">0.34%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top"> <p> &#160; </p> </td> <td valign="top"> <p> &#160; </p> </td> <td valign="top"> <p align="right"> &#160; </p> </td> <td valign="top"> <p> &#160; </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Inflation-Protected Assets</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">1.09%</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Inflation-Linked Bond Fund</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">1.09%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> </tr> </table> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; width: 14%; text-align: center; vertical-align: bottom"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 14%; vertical-align: bottom"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 16%; vertical-align: bottom"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 16%; vertical-align: bottom"> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 18%; vertical-align: bottom"> Short-term<br /> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 22%; vertical-align: bottom"> Inflation- Protected<br /> Assets </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 45 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 40 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 35 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 30 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 25 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 20 </td> <td style="text-align: center; vertical-align: top"> 57.40 </td> <td style="text-align: center; vertical-align: top"> 24.60 </td> <td style="text-align: center; vertical-align: top"> 18.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 15 </td> <td style="text-align: center; vertical-align: top"> 51.80 </td> <td style="text-align: center; vertical-align: top"> 22.20 </td> <td style="text-align: center; vertical-align: top"> 26.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 10 </td> <td style="text-align: center; vertical-align: top"> 46.20 </td> <td style="text-align: center; vertical-align: top"> 19.80 </td> <td style="text-align: center; vertical-align: top"> 30.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 5 </td> <td style="text-align: center; vertical-align: top"> 40.60 </td> <td style="text-align: center; vertical-align: top"> 17.40 </td> <td style="text-align: center; vertical-align: top"> 34.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 0 </td> <td style="text-align: center; vertical-align: top"> 35.00 </td> <td style="text-align: center; vertical-align: top"> 15.00 </td> <td style="text-align: center; vertical-align: top"> 38.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -5 </td> <td style="text-align: center; vertical-align: top"> 31.50 </td> <td style="text-align: center; vertical-align: top"> 13.50 </td> <td style="text-align: center; vertical-align: top"> 39.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -10 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -15 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -20 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -25 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -30 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle 2025 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle 2025 Fund (TIAA-CREF Lifecycle 2025 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycle2025Fund14 XML 62 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle 2025 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle 2025 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2025.

     The Fund expects to allocate approximately 67.60% of its assets to equity Underlying Funds and 32.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2025 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2032 to 2035. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 47.32%; International Equity: 20.28%; Fixed-Income: 29.20%; Short-Term Fixed-Income: 1.60%; and Inflation-Protected Assets: 1.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

69.78%

 

U.S. Equity

 

49.12%

 

Enhanced Large-Cap Value Index Fund

 

9.43%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

9.33%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

8.73%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

8.63%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

7.96%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

3.89%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.63%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.52%

 

 

 

 

               

 

 

 

 

International Equity

 

20.66%

 

International Equity Fund

 

7.02%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

5.85%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

4.57%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

1.96%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.26%

                       

FIXED-INCOME

 

30.22%

 

Fixed-Income

 

27.66%

 

Bond Fund

 

17.53%

 

 

 

 

 

 

 

 

High-Yield Fund

 

5.36%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

4.77%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

1.47%

 

Short-Term Bond Fund

 

1.13%

 

 

 

 

 

 

 

 

Money Market Fund

 

0.34%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

1.09%

 

Inflation-Linked Bond Fund

 

1.09%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.

 


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2025 Fund
XML 63 R14.xml IDEA: Risk/Return Summary - TIAA-CREF Lifecycle 2035 Fund 2.4.0.8020012 - Document - Risk/Return Summary {Unlabeled} - TIAA-CREF Lifecycle 2035 Fundfalsefalsefalse1false falsefalseS000005380Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle 2035 Fundfalsefalsefalse1false truefalseS000005380Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle 2035 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000005380Memberdei_LegalEntityAxisexplicitMembernanafalse02false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle 2035 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2035 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 83.60% of its assets to equity Underlying Funds and 16.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2035 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 58.52%; International Equity: 25.08%; Fixed-Income: 16.40%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which may change, are approximately as follows: U.S. Equity: 28.00%; International Equity: 12.00%; Fixed-Income: 40.00%; Short-Term Fixed-Income: 10.00%; and Inflation-Protected Assets: 10.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. 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style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Emerging Markets Equity Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">2.86%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Global Natural Resources Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">1.23%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">International Opportunities Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">0.74%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>FIXED-INCOME</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">59.66%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Fixed-Income</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">39.58%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Bond Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">36.59%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">High-Yield Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">2.50%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Bond Plus Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">0.49%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top"> &#160; </td> <td valign="top"> &#160; </td> <td valign="top"> &#160; </td> <td valign="top"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Short-Term Fixed-Income</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">15.35%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Short-Term Bond Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">15.02%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Money Market Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">0.33%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top"> &#160; </td> <td valign="top"> &#160; </td> <td valign="top"> &#160; </td> <td valign="top"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Inflation-Protected Assets</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">4.73%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Inflation-Linked Bond Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">4.73%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> 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Label Element Value
TIAA-CREF Lifecycle 2020 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle 2020 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020.

     The Fund expects to allocate approximately 59.60% of its assets to equity Underlying Funds and 40.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2020 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2027 to 2030. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 41.72%; International Equity: 17.88%; Fixed-Income: 33.20%; Short-Term Fixed-Income: 3.60%; and Inflation-Protected Assets: 3.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

61.75%

 

U.S. Equity

 

43.34%

 

Enhanced Large-Cap Value Index Fund

 

8.31%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

8.23%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

7.70%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

7.62%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

7.05%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

3.44%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.54%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.45%

 

 

 

 

               

 

 

 

 

International Equity

 

18.41%

 

International Equity Fund

 

6.28%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

5.14%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

4.11%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

1.76%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.12%

                       

FIXED-INCOME

 

38.25%

 

Fixed-Income

 

31.75%

 

Bond Fund

 

24.54%

 

 

 

 

 

 

 

 

High-Yield Fund

 

4.39%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

2.82%

                       

 

 

 

 

Short-Term Fixed-Income

 

3.47%

 

Short-Term Bond Fund

 

3.13%

 

 

 

 

 

 

 

 

Money Market Fund

 

0.34%

                       

 

 

 

 

Inflation-Protected Assets

 

3.03%

 

Inflation-Linked Bond Fund

 

3.03%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2020 Fund
XML 66 R41.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle Index 2045 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle Index 2045 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2045 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

90.27%

 

U.S. Equity

 

68.63%

 

Equity Index Fund

 

68.63%

 

 

 

 

               

 

 

 

 

International Equity

 

21.64%

 

International Equity Index Fund

 

16.36%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

5.28%

                       

FIXED-INCOME

 

9.73%

 

Fixed-Income

 

9.73%

 

Bond Index Fund

 

9.73%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2045 Fund
XML 67 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle Index 2015 Fund
TIAA-CREF Lifecycle Index 2015 Fund

Lifecycle Index 2015 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 51.60% of its assets to equity Underlying Funds and 48.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2015 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 36.12%; International Equity: 15.48%; Fixed-Income: 42.80%; and Inflation-Protected Assets: 5.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

53.75%

 

U.S. Equity

 

40.71%

 

Equity Index Fund

 

40.71%

 

 

 

 

               

 

 

 

 

International Equity

 

13.04%

 

International Equity Index Fund

 

9.87%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

3.17%

                       

FIXED-INCOME

 

46.25%

 

Fixed-Income

 

41.21%

 

Bond Index Fund

 

41.21%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

5.04%

 

Inflation-Linked Bond Fund

 

5.04%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

XML 68 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle Index 2025 Fund
TIAA-CREF Lifecycle Index 2025 Fund

Lifecycle Index 2025 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2025. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 67.60% of its assets to equity Underlying Funds and 32.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2025 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2032 to 2035. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 47.32%; International Equity: 20.28%; Fixed-Income: 30.80%; and Inflation-Protected Assets: 1.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

69.80%

 

U.S. Equity

 

53.00%

 

Equity Index Fund

 

53.00%

 

 

 

 

               

 

 

 

 

International Equity

 

16.80%

 

International Equity Index Fund

 

12.70%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

4.10%

                       

FIXED-INCOME

 

30.20%

 

Fixed-Income

 

29.08%

 

Bond Index Fund

 

29.08%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

1.12%

 

Inflation-Linked Bond Fund

 

1.12%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

XML 69 R24.xml IDEA: Risk/Return Summary - TIAA-CREF Lifecycle Index Retirement Income Fund 2.4.0.8020022 - Document - Risk/Return Summary {Unlabeled} - TIAA-CREF Lifecycle Index Retirement Income Fundfalsefalsefalse1false falsefalseS000026499Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle Index Retirement Income Fundfalsefalsefalse1false truefalseS000026499Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle Index Retirement Income Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000026499Memberdei_LegalEntityAxisexplicitMembernanafalse02false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle Index Retirement Income Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index Retirement Income Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy that will not gradually adjust over time and is designed for investors who are already in or entering retirement (<i>i.e.</i>, have already passed their retirement year). The Fund has a policy of investing at least 80% of its assets in Underlying Funds that are managed to seek investment returns that track particular market indices. For purposes of the 80% investment policy, the term &#8220;assets&#8221; means net assets, plus the amount of any borrowings for investment purposes.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 40.00% of its assets to equity Underlying Funds and 60.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations may be changed and actual allocations may vary up to 10% from the targets. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which may change, are approximately as follows: U.S. Equity: 28.00%; International Equity: 12.00%; Fixed-Income: 50.00%; and Inflation-Protected Assets: 10.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. Investors should note that the Fund has a significant level of equity exposure and this exposure could cause fluctuation in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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font-size: large;">Lifecycle 2025 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2025.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 67.60% of its assets to equity Underlying Funds and 32.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2025 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2032 to 2035. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 47.32%; International Equity: 20.28%; Fixed-Income: 29.20%; Short-Term Fixed-Income: 1.60%; and Inflation-Protected Assets: 1.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> 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style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Inflation-Protected Assets</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">1.09%</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> 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style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. 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vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 35 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 30 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 25 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 20 </td> <td style="text-align: center; vertical-align: top"> 57.40 </td> <td style="text-align: center; vertical-align: top"> 24.60 </td> <td style="text-align: center; vertical-align: top"> 18.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 15 </td> <td style="text-align: center; vertical-align: top"> 51.80 </td> <td style="text-align: center; vertical-align: top"> 22.20 </td> <td style="text-align: center; vertical-align: top"> 26.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 10 </td> <td style="text-align: center; vertical-align: top"> 46.20 </td> <td style="text-align: center; vertical-align: top"> 19.80 </td> <td style="text-align: center; vertical-align: top"> 30.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 5 </td> <td style="text-align: center; vertical-align: top"> 40.60 </td> <td style="text-align: center; vertical-align: top"> 17.40 </td> <td style="text-align: center; vertical-align: top"> 34.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 0 </td> <td style="text-align: center; vertical-align: top"> 35.00 </td> <td style="text-align: center; vertical-align: top"> 15.00 </td> <td style="text-align: center; vertical-align: top"> 38.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -5 </td> <td style="text-align: center; vertical-align: top"> 31.50 </td> <td style="text-align: center; vertical-align: top"> 13.50 </td> <td style="text-align: center; vertical-align: top"> 39.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -10 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -15 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -20 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -25 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -30 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false0falseRisk/Return Summary - TIAA-CREF Lifecycle 2025 Fund (TIAA-CREF Lifecycle 2025 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DocumentRiskReturnSummaryUnlabeledTIAACREFLifecycle2025Fund13 XML 71 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle Index 2035 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle Index 2035 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 83.60% of its assets to equity Underlying Funds and 16.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2035 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 58.52%; International Equity: 25.08%; Fixed-Income: 16.40%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

85.81%

 

U.S. Equity

 

65.23%

 

Equity Index Fund

 

65.23%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

International Equity

 

20.58%

 

International Equity Index Fund

 

15.57%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

5.01%

 

 

 

 

 

 

 

 

 

 

 

 

FIXED-INCOME

 

14.19%

 

Fixed-Income

 

14.19%

 

Bond Index Fund

 

14.19%

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

 

 

 

 

 

 

 

 

 

 

 

 


     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2035 Fund
XML 72 R5.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle 2010 Fund 2.4.0.8020003 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle 2010 Fundtruetruefalse1false falsefalseS000005375Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000005375Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle 2010 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000005375Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2010 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors who retired in 2010 or plan to retire within a few years of 2010.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 46.00% of its assets to equity Underlying Funds and 54.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2010 and will reach the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2017 to 2020. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 32.20%; International Equity: 13.80%; Fixed-Income: 38.80%; Short-Term Fixed-Income: 7.60%; and Inflation-Protected Assets: 7.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Large-Cap Growth Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">5.82%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Growth &amp; Income Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">5.43%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" 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style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; width: 14%; text-align: center; vertical-align: bottom"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 14%; vertical-align: bottom"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 16%; vertical-align: bottom"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 16%; vertical-align: bottom"> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 18%; vertical-align: bottom"> Short-term<br /> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 22%; vertical-align: bottom"> Inflation- Protected<br /> Assets </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 45 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 40 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 35 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 30 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 25 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 20 </td> <td style="text-align: center; vertical-align: top"> 57.40 </td> <td style="text-align: center; vertical-align: top"> 24.60 </td> <td style="text-align: center; vertical-align: top"> 18.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 15 </td> <td style="text-align: center; vertical-align: top"> 51.80 </td> <td style="text-align: center; vertical-align: top"> 22.20 </td> <td style="text-align: center; vertical-align: top"> 26.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 10 </td> <td style="text-align: center; vertical-align: top"> 46.20 </td> <td style="text-align: center; vertical-align: top"> 19.80 </td> <td style="text-align: center; vertical-align: top"> 30.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 5 </td> <td style="text-align: center; vertical-align: top"> 40.60 </td> <td style="text-align: center; vertical-align: top"> 17.40 </td> <td style="text-align: center; vertical-align: top"> 34.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 0 </td> <td style="text-align: center; vertical-align: top"> 35.00 </td> <td style="text-align: center; vertical-align: top"> 15.00 </td> <td style="text-align: center; vertical-align: top"> 38.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -5 </td> <td style="text-align: center; vertical-align: top"> 31.50 </td> <td style="text-align: center; vertical-align: top"> 13.50 </td> <td style="text-align: center; vertical-align: top"> 39.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -10 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -15 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -20 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -25 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -30 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle 2010 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle 2010 Fund (TIAA-CREF Lifecycle 2010 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycle2010Fund14 EXCEL 73 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\P,#DX8C$U.5\Q8S)F7S0W-C%?.3)D,U\Q,V0Y M9#,Q.#=C-&8B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I.86UE/E)I#I7;W)K#I%>&-E;%=O#I%>&-E;%=O#I.86UE M/E)I5]424%!0U)%1E],:3,\+W@Z3F%M93X-"B`@ M("`\>#I7;W)K#I% M>&-E;%=O#I%>&-E;%=O#I.86UE/E)I#I7;W)K#I%>&-E;%=O#I%>&-E;%=O#I.86UE/E)I5]424%!0U)%1E], M:38\+W@Z3F%M93X-"B`@("`\>#I7;W)K#I%>&-E;%=O#I%>&-E;%=O#I.86UE M/E)I#I7;W)K#I% M>&-E;%=O#I%>&-E;%=O#I.86UE/E)I5]424%!0U)%1E],:3D\+W@Z3F%M93X-"B`@("`\>#I7;W)K#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E)I M5]424%!0U)%1E],:3$Q/"]X.DYA;64^#0H@("`@ M/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I.86UE M/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E)I#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O M#I%>&-E;%=O#I.86UE/E)I5]424%!0U)% M1E],:3$T/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O M#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E)I#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/@T* M("`@(#QX.E=O#I% M>&-E;%=O#I.86UE/E)I#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E)I5]424%!0U)%1E], M:3(P/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I. 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4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2040 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2040 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; 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The actual market sector allocations of the Fund may differ from this chart. 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vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; 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The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; width: 14%; text-align: center; vertical-align: bottom"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 14%; vertical-align: bottom"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 16%; vertical-align: bottom"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; 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vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 35 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 30 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 25 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 20 </td> <td style="text-align: center; vertical-align: top"> 57.40 </td> <td style="text-align: center; vertical-align: top"> 24.60 </td> <td style="text-align: center; vertical-align: top"> 18.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 15 </td> <td style="text-align: center; vertical-align: top"> 51.80 </td> <td style="text-align: center; vertical-align: top"> 22.20 </td> <td style="text-align: center; vertical-align: top"> 26.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 10 </td> <td style="text-align: center; vertical-align: top"> 46.20 </td> <td style="text-align: center; vertical-align: top"> 19.80 </td> <td style="text-align: center; vertical-align: top"> 30.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 5 </td> <td style="text-align: center; vertical-align: top"> 40.60 </td> <td style="text-align: center; vertical-align: top"> 17.40 </td> <td style="text-align: center; vertical-align: top"> 34.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 0 </td> <td style="text-align: center; vertical-align: top"> 35.00 </td> <td style="text-align: center; vertical-align: top"> 15.00 </td> <td style="text-align: center; vertical-align: top"> 38.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -5 </td> <td style="text-align: center; vertical-align: top"> 31.50 </td> <td style="text-align: center; vertical-align: top"> 13.50 </td> <td style="text-align: center; vertical-align: top"> 39.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -10 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -15 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -20 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -25 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -30 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. 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TIAA-CREF Lifecycle Index 2055 Fund
 
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Lifecycle Index 2055 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2055 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

 

EQUITY

 

90.25%

 

U.S. Equity

 

68.61%

 

Equity Index Fund

 

68.61%

 

 

 

 

               

 

 

 

 

International Equity

 

21.64%

 

International Equity Index Fund

 

16.36%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

5.28%

                       

FIXED-INCOME

 

9.75%

 

Fixed-Income

 

9.75%

 

Bond Index Fund

 

9.75%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2055 Fund
XML 79 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle Retirement Income Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle Retirement Income Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy that will not gradually adjust over time and is designed for investors who are already in or entering retirement (i.e., have already passed their retirement year).

     The Fund expects to allocate approximately 40.00% of its assets to equity Underlying Funds and 60.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations may be changed and actual allocations may vary up to 10% from the targets. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which may change, are approximately as follows: U.S. Equity: 28.00%; International Equity: 12.00%; Fixed-Income: 40.00%; Short-Term Fixed-Income: 10.00%; and Inflation-Protected Assets: 10.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. Investors should note that the Fund has a significant level of equity exposure and this exposure could cause fluctuation in the value of the Fund depending on the performance of the equity markets generally.


     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

40.34%

 

U.S. Equity

 

28.12%

 

Large-Cap Value Fund

 

5.42%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Value Index Fund

 

5.34%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

5.03%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

4.93%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

4.58%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

2.26%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.31%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.25%

 

 

 

 

               

 

 

 

 

International Equity

 

12.22%

 

International Equity Fund

 

4.20%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

3.19%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

2.86%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

1.23%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

0.74%

                       

FIXED-INCOME

 

59.66%

 

Fixed-Income

 

39.58%

 

Bond Fund

 

36.59%

 

 

 

 

 

 

 

 

High-Yield Fund

 

2.50%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

0.49%

                       

 

 

 

 

Short-Term Fixed-Income

 

15.35%

 

Short-Term Bond Fund

 

15.02%

 

 

 

 

 

 

 

 

Money Market Fund

 

0.33%

                       

 

 

 

 

Inflation-Protected Assets

 

4.73%

 

Inflation-Linked Bond Fund

 

4.73%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Retirement Income Fund
XML 80 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle 2035 Fund
TIAA-CREF Lifecycle 2035 Fund

Lifecycle 2035 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035.

     The Fund expects to allocate approximately 83.60% of its assets to equity Underlying Funds and 16.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2035 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 58.52%; International Equity: 25.08%; Fixed-Income: 16.40%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

85.43%

 

U.S. Equity

 

60.34%

 

Enhanced Large-Cap Value Index Fund

 

11.57%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

11.47%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

10.73%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

10.62%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

9.74%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

4.75%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.79%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.67%

 

 

 

 

               

 

 

 

 

International Equity

 

25.09%

 

International Equity Fund

 

8.46%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

7.27%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

5.48%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

2.33%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.55%

                       

FIXED-INCOME

 

14.57%

 

Fixed-Income

 

14.24%

 

High-Yield Fund

 

5.90%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

5.86%

 

 

 

 

 

 

 

 

Bond Fund

 

2.48%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.33%

 

Money Market Fund

 

0.33%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

XML 81 R20.xml IDEA: Risk/Return Summary - TIAA-CREF Lifecycle 2050 Fund 2.4.0.8020018 - Document - Risk/Return Summary {Unlabeled} - TIAA-CREF Lifecycle 2050 Fundfalsefalsefalse1false falsefalseS000019660Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle 2050 Fundfalsefalsefalse1false truefalseS000019660Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle 2050 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000019660Memberdei_LegalEntityAxisexplicitMembernanafalse02false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle 2050 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin-right: 0IN; margin-left: .05PT;"> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2050 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2050 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> </tr> <tr> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td colspan="2" valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td colspan="2" valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>EQUITY</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">89.94%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">U.S. Equity</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">63.64%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Large-Cap Value Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">12.17%</font> </p> </td> </tr> <tr> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Enhanced Large-Cap Value Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">12.16%</font> </p> </td> </tr> <tr> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Large-Cap Growth Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">11.30%</font> </p> </td> </tr> <tr> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Enhanced Large-Cap Growth Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">11.26%</font> </p> </td> </tr> <tr> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Growth &amp; 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</p> </td> <td valign="top"> <p> &#160; </p> </td> <td valign="top"> <p align="right"> &#160; </p> </td> <td valign="top"> <p> &#160; </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Short-Term Fixed-Income</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">0.34%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Money Market Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">0.34%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><p style="TEXT-INDENT:12.0PT;"> <font size="2">The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; width: 14%; text-align: center; vertical-align: bottom"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 14%; vertical-align: bottom"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 16%; vertical-align: bottom"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 16%; vertical-align: bottom"> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 18%; vertical-align: bottom"> Short-term<br /> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 22%; vertical-align: bottom"> Inflation- Protected<br /> Assets </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 45 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 40 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 35 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 30 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 25 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 20 </td> <td style="text-align: center; vertical-align: top"> 57.40 </td> <td style="text-align: center; vertical-align: top"> 24.60 </td> <td style="text-align: center; vertical-align: top"> 18.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 15 </td> <td style="text-align: center; vertical-align: top"> 51.80 </td> <td style="text-align: center; vertical-align: top"> 22.20 </td> <td style="text-align: center; vertical-align: top"> 26.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 10 </td> <td style="text-align: center; vertical-align: top"> 46.20 </td> <td style="text-align: center; vertical-align: top"> 19.80 </td> <td style="text-align: center; vertical-align: top"> 30.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 5 </td> <td style="text-align: center; vertical-align: top"> 40.60 </td> <td style="text-align: center; vertical-align: top"> 17.40 </td> <td style="text-align: center; vertical-align: top"> 34.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 0 </td> <td style="text-align: center; vertical-align: top"> 35.00 </td> <td style="text-align: center; vertical-align: top"> 15.00 </td> <td style="text-align: center; vertical-align: top"> 38.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -5 </td> <td style="text-align: center; vertical-align: top"> 31.50 </td> <td style="text-align: center; vertical-align: top"> 13.50 </td> <td style="text-align: center; vertical-align: top"> 39.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -10 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -15 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -20 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -25 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -30 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false0falseRisk/Return Summary - TIAA-CREF Lifecycle 2050 Fund (TIAA-CREF Lifecycle 2050 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DocumentRiskReturnSummaryUnlabeledTIAACREFLifecycle2050Fund13 XML 82 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle 2010 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle 2010 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors who retired in 2010 or plan to retire within a few years of 2010.

     The Fund expects to allocate approximately 46.00% of its assets to equity Underlying Funds and 54.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2010 and will reach the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2017 to 2020. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 32.20%; International Equity: 13.80%; Fixed-Income: 38.80%; Short-Term Fixed-Income: 7.60%; and Inflation-Protected Assets: 7.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

47.47%

 

U.S. Equity

 

33.11%

 

Enhanced Large-Cap Value Index Fund

 

6.34%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

6.29%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

5.87%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

5.82%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

5.43%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

2.65%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.39%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.32%

 

 

 

 

               

 

 

 

 

International Equity

 

14.36%

 

International Equity Fund

 

4.96%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

3.85%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

3.28%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

1.41%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

0.86%

                       

FIXED-INCOME

 

52.53%

 

Fixed-Income

 

38.09%

 

Bond Fund

 

34.39%

 

 

 

 

 

 

 

 

High-Yield Fund

 

2.85%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

0.85%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

9.61%

 

Short-Term Bond Fund

 

9.26%

 

 

 

 

 

 

 

 

Money Market Fund

 

0.35%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

4.83%

 

Inflation-Linked Bond Fund

 

4.83%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2010 Fund
XML 83 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle Retirement Income Fund
TIAA-CREF Lifecycle Retirement Income Fund

Lifecycle Retirement Income Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy that will not gradually adjust over time and is designed for investors who are already in or entering retirement (i.e., have already passed their retirement year).

     The Fund expects to allocate approximately 40.00% of its assets to equity Underlying Funds and 60.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations may be changed and actual allocations may vary up to 10% from the targets. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which may change, are approximately as follows: U.S. Equity: 28.00%; International Equity: 12.00%; Fixed-Income: 40.00%; Short-Term Fixed-Income: 10.00%; and Inflation-Protected Assets: 10.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. Investors should note that the Fund has a significant level of equity exposure and this exposure could cause fluctuation in the value of the Fund depending on the performance of the equity markets generally.


     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

40.34%

 

U.S. Equity

 

28.12%

 

Large-Cap Value Fund

 

5.42%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Value Index Fund

 

5.34%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

5.03%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

4.93%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

4.58%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

2.26%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.31%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.25%

 

 

 

 

               

 

 

 

 

International Equity

 

12.22%

 

International Equity Fund

 

4.20%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

3.19%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

2.86%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

1.23%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

0.74%

                       

FIXED-INCOME

 

59.66%

 

Fixed-Income

 

39.58%

 

Bond Fund

 

36.59%

 

 

 

 

 

 

 

 

High-Yield Fund

 

2.50%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

0.49%

                       

 

 

 

 

Short-Term Fixed-Income

 

15.35%

 

Short-Term Bond Fund

 

15.02%

 

 

 

 

 

 

 

 

Money Market Fund

 

0.33%

                       

 

 

 

 

Inflation-Protected Assets

 

4.73%

 

Inflation-Linked Bond Fund

 

4.73%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       
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To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. If the portfolio managers believe that the relative attractiveness of the markets in which the equity and fixed-income funds are invested changes, they can adjust the percentage of investments in these Underlying Funds up or down by up to 10%. At any given time the Fund may hold between 0% to 5% of its assets in real estate funds. The Fund&#8217;s composite benchmark is a composite of three benchmark indices representing three types of market sectors within the equity and fixed-income Underlying Fund asset classes, i.e., domestic equity, international equity and fixed-income. The composite index is created by applying the results of the benchmark for each of these three market sectors in proportion to the Fund&#8217;s target allocations among the three market sectors. 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</table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Managed Allocation Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Managed Allocation Fund (TIAA-CREF Managed Allocation Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFManagedAllocationFund14 XML 85 R7.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle 2015 Fund 2.4.0.8020005 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle 2015 Fundtruetruefalse1false falsefalseS000005376Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000005376Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle 2015 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000005376Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2015 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 51.60% of its assets to equity Underlying Funds and 48.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2015 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 36.12%; International Equity: 15.48%; Fixed-Income: 37.20%; Short-Term Fixed-Income: 5.60%; and Inflation-Protected Assets: 5.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; width: 14%; text-align: center; vertical-align: bottom"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 14%; vertical-align: bottom"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 16%; vertical-align: bottom"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; 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More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle 2015 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle 2015 Fund (TIAA-CREF Lifecycle 2015 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycle2015Fund14 XML 86 R17.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle 2040 Fund 2.4.0.8020015 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle 2040 Fundtruetruefalse1false falsefalseS000005382Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000005382Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle 2040 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000005382Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2040 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2040 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. 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style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle 2040 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle 2040 Fund (TIAA-CREF Lifecycle 2040 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycle2040Fund14 XML 87 R45.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle Index 2055 Fund 2.4.0.8020043 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle Index 2055 Fundtruetruefalse1false falsefalseS000031926Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000031926Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle Index 2055 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000031926Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2055 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2055 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -15 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -20 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -25 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle Index 2055 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle Index 2055 Fund (TIAA-CREF Lifecycle Index 2055 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycleIndex2055Fund14 XML 88 R16.xml IDEA: Risk/Return Summary - TIAA-CREF Lifecycle 2040 Fund 2.4.0.8020014 - Document - Risk/Return Summary {Unlabeled} - TIAA-CREF Lifecycle 2040 Fundfalsefalsefalse1false falsefalseS000005382Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle 2040 Fundfalsefalsefalse1false truefalseS000005382Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle 2040 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000005382Memberdei_LegalEntityAxisexplicitMembernanafalse02false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle 2040 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2040 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2040 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. 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style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false0falseRisk/Return Summary - TIAA-CREF Lifecycle 2040 Fund (TIAA-CREF Lifecycle 2040 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DocumentRiskReturnSummaryUnlabeledTIAACREFLifecycle2040Fund13 XML 89 R27.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle Index 2010 Fund 2.4.0.8020025 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle Index 2010 Fundtruetruefalse1false falsefalseS000026498Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000026498Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle Index 2010 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000026498Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2010 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors who retired in 2010 or plan to retire within a few years of 2010. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 46.00% of its assets to equity Underlying Funds and 54.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2010 and will reach the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2017 to 2020. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 32.20%; International Equity: 13.80%; Fixed-Income: 46.40%; and Inflation-Protected Assets: 7.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. 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vertical-align: top"> <td style="text-align: center"> 25 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 20 </td> <td style="text-align: center"> 57.40 </td> <td style="text-align: center"> 24.60 </td> <td style="text-align: center"> 18.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 15 </td> <td style="text-align: center"> 51.80 </td> <td style="text-align: center"> 22.20 </td> <td style="text-align: center"> 26.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 10 </td> <td style="text-align: center"> 46.20 </td> <td style="text-align: center"> 19.80 </td> <td style="text-align: center"> 32.00 </td> <td style="text-align: center"> 2.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; 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</p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. 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In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2045 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false0falseRisk/Return Summary - TIAA-CREF Lifecycle 2045 Fund (TIAA-CREF Lifecycle 2045 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DocumentRiskReturnSummaryUnlabeledTIAACREFLifecycle2045Fund13 XML 91 R3.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle Retirement Income Fund 2.4.0.8020001 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle Retirement Income Fundtruetruefalse1false falsefalseS000019661Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000019661Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle Retirement Income Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000019661Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Retirement Income Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy that will not gradually adjust over time and is designed for investors who are already in or entering retirement (<i>i.e.</i>, have already passed their retirement year).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 40.00% of its assets to equity Underlying Funds and 60.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations may be changed and actual allocations may vary up to 10% from the targets. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which may change, are approximately as follows: U.S. Equity: 28.00%; International Equity: 12.00%; Fixed-Income: 40.00%; Short-Term Fixed-Income: 10.00%; and Inflation-Protected Assets: 10.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. Investors should note that the Fund has a significant level of equity exposure and this exposure could cause fluctuation in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> </table> <br/><p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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</td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">High-Yield Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">2.50%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Bond Plus Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">0.49%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top"> &#160; </td> <td valign="top"> &#160; </td> <td valign="top"> &#160; </td> <td valign="top"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Short-Term Fixed-Income</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">15.35%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Short-Term Bond Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">15.02%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Money Market Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">0.33%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top"> &#160; </td> <td valign="top"> &#160; </td> <td valign="top"> &#160; </td> <td valign="top"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Inflation-Protected Assets</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">4.73%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Inflation-Linked Bond Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">4.73%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle Retirement Income Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle Retirement Income Fund (TIAA-CREF Lifecycle Retirement Income Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycleRetirementIncomeFund14 XML 92 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle Index 2015 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle Index 2015 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 51.60% of its assets to equity Underlying Funds and 48.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2015 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 36.12%; International Equity: 15.48%; Fixed-Income: 42.80%; and Inflation-Protected Assets: 5.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

53.75%

 

U.S. Equity

 

40.71%

 

Equity Index Fund

 

40.71%

 

 

 

 

               

 

 

 

 

International Equity

 

13.04%

 

International Equity Index Fund

 

9.87%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

3.17%

                       

FIXED-INCOME

 

46.25%

 

Fixed-Income

 

41.21%

 

Bond Index Fund

 

41.21%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

5.04%

 

Inflation-Linked Bond Fund

 

5.04%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2015 Fund
XML 93 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle 2055 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle 2055 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2055 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

89.80%

 

U.S. Equity

 

63.58%

 

Large-Cap Value Fund

 

12.23%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Value Index Fund

 

12.13%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

11.34%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

11.20%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

10.13%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

5.00%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.84%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.71%

 

 

 

 

               

 

 

 

 

International Equity

 

26.22%

 

International Equity Fund

 

8.71%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

7.68%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

5.76%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

2.43%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.64%

                       

FIXED-INCOME

 

10.20%

 

Fixed-Income

 

9.87%

 

High-Yield Fund

 

5.96%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

3.91%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.33%

 

Money Market Fund

 

0.33%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2055 Fund
XML 94 R44.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle Index 2055 Fund
TIAA-CREF Lifecycle Index 2055 Fund

Lifecycle Index 2055 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2055 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

 

EQUITY

 

90.25%

 

U.S. Equity

 

68.61%

 

Equity Index Fund

 

68.61%

 

 

 

 

               

 

 

 

 

International Equity

 

21.64%

 

International Equity Index Fund

 

16.36%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

5.28%

                       

FIXED-INCOME

 

9.75%

 

Fixed-Income

 

9.75%

 

Bond Index Fund

 

9.75%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

XML 95 R39.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle Index 2040 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle Index 2040 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2040 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                       

EQUITY

 

90.26%

 

U.S. Equity

 

68.61%

 

Equity Index Fund

 

68.61%

 

 

 

 

               

 

 

 

 

International Equity

 

21.65%

 

International Equity Index Fund

 

16.38%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

5.27%

                       

FIXED-INCOME

 

9.74%

 

Fixed-Income

 

9.74%

 

Bond Index Fund

 

9.74%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2040 Fund
XML 96 R42.xml IDEA: Risk/Return Summary - TIAA-CREF Lifecycle Index 2050 Fund 2.4.0.8020040 - Document - Risk/Return Summary {Unlabeled} - TIAA-CREF Lifecycle Index 2050 Fundfalsefalsefalse1false falsefalseS000026508Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle Index 2050 Fundfalsefalsefalse1false truefalseS000026508Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle Index 2050 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000026508Memberdei_LegalEntityAxisexplicitMembernanafalse02false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle Index 2050 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2050 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2050 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 59.60% of its assets to equity Underlying Funds and 40.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2020 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2027 to 2030. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 41.72%; International Equity: 17.88%; Fixed-Income: 36.80%; and Inflation-Protected Assets: 3.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; 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</td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; 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vertical-align: top"> <td style="text-align: center"> 25 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 20 </td> <td style="text-align: center"> 57.40 </td> <td style="text-align: center"> 24.60 </td> <td style="text-align: center"> 18.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 15 </td> <td style="text-align: center"> 51.80 </td> <td style="text-align: center"> 22.20 </td> <td style="text-align: center"> 26.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 10 </td> <td style="text-align: center"> 46.20 </td> <td style="text-align: center"> 19.80 </td> <td style="text-align: center"> 32.00 </td> <td style="text-align: center"> 2.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -15 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -20 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -25 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -30 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle Index 2020 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle Index 2020 Fund (TIAA-CREF Lifecycle Index 2020 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycleIndex2020Fund14 XML 98 R35.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle Index 2030 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle Index 2030 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 75.60% of its assets to equity Underlying Funds and 24.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2030 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2037 to 2040. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 52.92%; International Equity: 22.68%; Fixed-Income: 24.40%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

77.86%

 

U.S. Equity

 

59.17%

 

Equity Index Fund

 

59.17%

 

 

 

 

               

 

 

 

 

International Equity

 

18.69%

 

International Equity Index Fund

 

14.13%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

4.56%

                       

FIXED-INCOME

 

22.14%

 

Fixed-Income

 

22.14%

 

Bond Index Fund

 

22.14%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2030 Fund
XML 99 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle Index 2035 Fund
TIAA-CREF Lifecycle Index 2035 Fund

Lifecycle Index 2035 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 83.60% of its assets to equity Underlying Funds and 16.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2035 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 58.52%; International Equity: 25.08%; Fixed-Income: 16.40%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

85.81%

 

U.S. Equity

 

65.23%

 

Equity Index Fund

 

65.23%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

International Equity

 

20.58%

 

International Equity Index Fund

 

15.57%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

5.01%

 

 

 

 

 

 

 

 

 

 

 

 

FIXED-INCOME

 

14.19%

 

Fixed-Income

 

14.19%

 

Bond Index Fund

 

14.19%

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

 

 

 

 

 

 

 

 

 

 

 

 


     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

XML 100 R30.xml IDEA: Risk/Return Summary - TIAA-CREF Lifecycle Index 2020 Fund 2.4.0.8020028 - Document - Risk/Return Summary {Unlabeled} - TIAA-CREF Lifecycle Index 2020 Fundfalsefalsefalse1false falsefalseS000026502Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle Index 2020 Fundfalsefalsefalse1false truefalseS000026502Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle Index 2020 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000026502Memberdei_LegalEntityAxisexplicitMembernanafalse02false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle Index 2020 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2020 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 59.60% of its assets to equity Underlying Funds and 40.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2020 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2027 to 2030. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 41.72%; International Equity: 17.88%; Fixed-Income: 36.80%; and Inflation-Protected Assets: 3.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; 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</p> </td> <td valign="top"> <p> &#160; </p> </td> <td valign="top"> <p> &#160; </p> </td> <td valign="top"> <p> &#160; </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Inflation-Protected Assets</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">3.08%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Inflation-Linked Bond Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">3.08%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Inflation-<br /> Protected Assets </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 45 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 40 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 35 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 30 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 25 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 20 </td> <td style="text-align: center"> 57.40 </td> <td style="text-align: center"> 24.60 </td> <td style="text-align: center"> 18.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 15 </td> <td style="text-align: center"> 51.80 </td> <td style="text-align: center"> 22.20 </td> <td style="text-align: center"> 26.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 10 </td> <td style="text-align: center"> 46.20 </td> <td style="text-align: center"> 19.80 </td> <td style="text-align: center"> 32.00 </td> <td style="text-align: center"> 2.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -15 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -20 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -25 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -30 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false0falseRisk/Return Summary - TIAA-CREF Lifecycle Index 2020 Fund (TIAA-CREF Lifecycle Index 2020 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DocumentRiskReturnSummaryUnlabeledTIAACREFLifecycleIndex2020Fund13 XML 101 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle 2030 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle 2030 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030.

     The Fund expects to allocate approximately 75.60% of its assets to equity Underlying Funds and 24.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2030 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2037 to 2040. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 52.92%; International Equity: 22.68%; Fixed-Income: 24.40%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

77.58%

 

U.S. Equity

 

54.72%

 

Enhanced Large-Cap Value Index Fund

 

10.48%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

10.40%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

9.72%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

9.64%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

8.85%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

4.32%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.71%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.60%

 

 

 

 

               

 

 

 

 

International Equity

 

22.86%

 

International Equity Fund

 

7.74%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

6.55%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

5.02%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

2.14%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.41%

                       

FIXED-INCOME

 

22.42%

 

Fixed-Income

 

22.07%

 

Bond Fund

 

10.28%

 

 

 

 

 

 

 

 

High-Yield Fund

 

5.91%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

5.88%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.35%

 

Money Market Fund

 

0.35%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2030 Fund
XML 102 R21.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle 2050 Fund 2.4.0.8020019 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle 2050 Fundtruetruefalse1false falsefalseS000019660Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000019660Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle 2050 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000019660Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin-right: 0IN; margin-left: .05PT;"> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2050 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2050 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> </tr> <tr> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td colspan="2" valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="bottom"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td colspan="2" valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>EQUITY</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">89.94%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">U.S. Equity</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">63.64%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Large-Cap Value Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">12.17%</font> </p> </td> </tr> <tr> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Enhanced Large-Cap Value Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">12.16%</font> </p> </td> </tr> <tr> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Large-Cap Growth Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">11.30%</font> </p> </td> </tr> <tr> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Enhanced Large-Cap Growth Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">11.26%</font> </p> </td> </tr> <tr> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Growth &amp; Income Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">10.19%</font> </p> </td> </tr> <tr> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Small-Cap Equity Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">5.01%</font> </p> </td> </tr> <tr> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Mid-Cap Value Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">0.84%</font> </p> </td> </tr> <tr> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p align="right"> <font size="1">&#160;</font> </p> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Mid-Cap Growth Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">0.71%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top"> <p> &#160; 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</td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><p style="TEXT-INDENT:12.0PT;"> <font size="2">The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; width: 14%; text-align: center; vertical-align: bottom"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 14%; vertical-align: bottom"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 16%; vertical-align: bottom"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 16%; vertical-align: bottom"> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 18%; vertical-align: bottom"> Short-term<br /> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 22%; vertical-align: bottom"> Inflation- Protected<br /> Assets </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 45 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 40 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 35 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 30 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 25 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 20 </td> <td style="text-align: center; vertical-align: top"> 57.40 </td> <td style="text-align: center; vertical-align: top"> 24.60 </td> <td style="text-align: center; vertical-align: top"> 18.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 15 </td> <td style="text-align: center; vertical-align: top"> 51.80 </td> <td style="text-align: center; vertical-align: top"> 22.20 </td> <td style="text-align: center; vertical-align: top"> 26.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 10 </td> <td style="text-align: center; vertical-align: top"> 46.20 </td> <td style="text-align: center; vertical-align: top"> 19.80 </td> <td style="text-align: center; vertical-align: top"> 30.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 5 </td> <td style="text-align: center; vertical-align: top"> 40.60 </td> <td style="text-align: center; vertical-align: top"> 17.40 </td> <td style="text-align: center; vertical-align: top"> 34.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 0 </td> <td style="text-align: center; vertical-align: top"> 35.00 </td> <td style="text-align: center; vertical-align: top"> 15.00 </td> <td style="text-align: center; vertical-align: top"> 38.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -5 </td> <td style="text-align: center; vertical-align: top"> 31.50 </td> <td style="text-align: center; vertical-align: top"> 13.50 </td> <td style="text-align: center; vertical-align: top"> 39.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -10 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -15 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -20 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -25 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -30 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle 2050 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle 2050 Fund (TIAA-CREF Lifecycle 2050 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycle2050Fund14 XML 103 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle Index 2020 Fund
TIAA-CREF Lifecycle Index 2020 Fund

Lifecycle Index 2020 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 59.60% of its assets to equity Underlying Funds and 40.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2020 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2027 to 2030. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 41.72%; International Equity: 17.88%; Fixed-Income: 36.80%; and Inflation-Protected Assets: 3.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

61.77%

 

U.S. Equity

 

46.87%

 

Equity Index Fund

 

46.87%

 

 

 

 

               

 

 

 

 

International Equity

 

14.90%

 

International Equity Index Fund

 

11.27%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

3.63%

                       

FIXED-INCOME

 

38.23%

 

Fixed-Income

 

35.15%

 

Bond Index Fund

 

35.15%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

3.08%

 

Inflation-Linked Bond Fund

 

3.08%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

XML 104 R42.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle Index 2050 Fund
TIAA-CREF Lifecycle Index 2050 Fund

Lifecycle Index 2050 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2050 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

 

EQUITY

 

90.25%

 

U.S. Equity

 

68.59%

 

Equity Index Fund

 

68.59%

 

 

 

 

               

 

 

 

 

International Equity

 

21.66%

 

International Equity Index Fund

 

16.38%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

5.28%

                       

FIXED-INCOME

 

9.75%

 

Fixed-Income

 

9.75%

 

Bond Index Fund

 

9.75%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

XML 105 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle 2040 Fund
TIAA-CREF Lifecycle 2040 Fund

Lifecycle 2040 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2040 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                       

EQUITY

 

89.89%

 

U.S. Equity

 

63.55%

 

Enhanced Large-Cap Value Index Fund

 

12.20%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

12.07%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

11.30%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

11.18%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

10.25%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

5.00%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.84%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.71%

 

 

 

 

               

 

 

 

 

International Equity

 

26.34%

 

International Equity Fund

 

8.86%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

7.67%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

5.74%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

2.44%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.63%

                       

FIXED-INCOME

 

10.11%

 

Fixed-Income

 

9.78%

 

High-Yield Fund

 

5.89%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

3.89%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.33%

 

Money Market Fund

 

0.33%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

XML 106 R22.xml IDEA: Risk/Return Summary - TIAA-CREF Lifecycle 2055 Fund 2.4.0.8020020 - Document - Risk/Return Summary {Unlabeled} - TIAA-CREF Lifecycle 2055 Fundfalsefalsefalse1false falsefalseS000031927Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle 2055 Fundfalsefalsefalse1false truefalseS000031927Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle 2055 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000031927Memberdei_LegalEntityAxisexplicitMembernanafalse02false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle 2055 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin-right: 0IN; margin-left: .05PT;"> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2055 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2055 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; width: 14%; text-align: center; vertical-align: bottom"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 14%; vertical-align: bottom"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 16%; vertical-align: bottom"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; 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vertical-align: top"> 26.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 10 </td> <td style="text-align: center; vertical-align: top"> 46.20 </td> <td style="text-align: center; vertical-align: top"> 19.80 </td> <td style="text-align: center; vertical-align: top"> 30.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 5 </td> <td style="text-align: center; vertical-align: top"> 40.60 </td> <td style="text-align: center; vertical-align: top"> 17.40 </td> <td style="text-align: center; vertical-align: top"> 34.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 0 </td> <td style="text-align: center; vertical-align: top"> 35.00 </td> <td style="text-align: center; vertical-align: top"> 15.00 </td> <td style="text-align: center; vertical-align: top"> 38.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -5 </td> <td style="text-align: center; vertical-align: top"> 31.50 </td> <td style="text-align: center; vertical-align: top"> 13.50 </td> <td style="text-align: center; vertical-align: top"> 39.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -10 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -15 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -20 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -25 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -30 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false0falseRisk/Return Summary - TIAA-CREF Lifecycle 2055 Fund (TIAA-CREF Lifecycle 2055 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DocumentRiskReturnSummaryUnlabeledTIAACREFLifecycle2055Fund13 XML 107 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle 2030 Fund
TIAA-CREF Lifecycle 2030 Fund

Lifecycle 2030 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030.

     The Fund expects to allocate approximately 75.60% of its assets to equity Underlying Funds and 24.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2030 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2037 to 2040. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 52.92%; International Equity: 22.68%; Fixed-Income: 24.40%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

77.58%

 

U.S. Equity

 

54.72%

 

Enhanced Large-Cap Value Index Fund

 

10.48%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

10.40%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

9.72%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

9.64%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

8.85%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

4.32%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.71%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.60%

 

 

 

 

               

 

 

 

 

International Equity

 

22.86%

 

International Equity Fund

 

7.74%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

6.55%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

5.02%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

2.14%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.41%

                       

FIXED-INCOME

 

22.42%

 

Fixed-Income

 

22.07%

 

Bond Fund

 

10.28%

 

 

 

 

 

 

 

 

High-Yield Fund

 

5.91%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

5.88%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.35%

 

Money Market Fund

 

0.35%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

XML 108 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle 2015 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle 2015 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015.

     The Fund expects to allocate approximately 51.60% of its assets to equity Underlying Funds and 48.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2015 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 36.12%; International Equity: 15.48%; Fixed-Income: 37.20%; Short-Term Fixed-Income: 5.60%; and Inflation-Protected Assets: 5.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

53.73%

 

U.S. Equity

 

37.61%

 

Large-Cap Value Fund

 

7.19%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Value Index Fund

 

7.18%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

6.66%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

6.65%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

6.12%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

2.99%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.45%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.37%

 

 

 

 

               

 

 

 

 

International Equity

 

16.12%

 

International Equity Fund

 

5.53%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

4.41%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

3.64%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

1.56%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

0.98%

                       

FIXED-INCOME

 

46.27%

 

Fixed-Income

 

35.81%

 

Bond Fund

 

30.98%

 

 

 

 

 

 

 

 

High-Yield Fund

 

3.42%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

1.41%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

5.48%

 

Short-Term Bond Fund

 

5.14%

 

 

 

 

 

 

 

 

Money Market Fund

 

0.34%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

4.98%

 

Inflation-Linked Bond Fund

 

4.98%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2015 Fund
XML 109 R37.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle Index 2035 Fund 2.4.0.8020035 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle Index 2035 Fundtruetruefalse1false falsefalseS000026505Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000026505Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle Index 2035 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000026505Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2035 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 83.60% of its assets to equity Underlying Funds and 16.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2035 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 58.52%; International Equity: 25.08%; Fixed-Income: 16.40%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td colspan="2" valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>EQUITY</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">85.81%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">U.S. Equity</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">65.23%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">65.23%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top"> <p> <b>&#160;</b> </p> </td> <td valign="top"> <p> <b>&#160;</b> </p> </td> <td valign="bottom"> <p align="right"> &#160; </p> </td> <td valign="top"> <p> <b>&#160;</b> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">International Equity</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">20.58%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">International Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">15.57%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Emerging Markets Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">5.01%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>FIXED-INCOME</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">14.19%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Fixed-Income</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">14.19%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Bond Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">14.19%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> </tr> </table> <br/><p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Inflation-<br /> Protected Assets </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 45 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 40 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 35 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 30 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 25 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 20 </td> <td style="text-align: center"> 57.40 </td> <td style="text-align: center"> 24.60 </td> <td style="text-align: center"> 18.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 15 </td> <td style="text-align: center"> 51.80 </td> <td style="text-align: center"> 22.20 </td> <td style="text-align: center"> 26.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 10 </td> <td style="text-align: center"> 46.20 </td> <td style="text-align: center"> 19.80 </td> <td style="text-align: center"> 32.00 </td> <td style="text-align: center"> 2.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -15 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -20 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -25 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -30 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. 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Label Element Value
TIAA-CREF Managed Allocation Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

 

 

 

PRINCIPAL INVESTMENT STRATEGIES

 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy and will generally seek to meet its investment objective by investing: (1) approximately 60% of its assets in equity Underlying Funds including up to 5% of its assets in real estate Underlying Funds; and (2) approximately 40% of its assets in fixed-income Underlying Funds (“target allocations”).

     The Fund currently intends to invest in the following equity Underlying Funds: Growth & Income Fund, International Equity Fund, International Opportunities Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Emerging Markets Equity Fund, Small-Cap Equity Fund, Enhanced International Equity Index Fund, Enhanced Large-Cap Growth Index Fund, Enhanced Large-Cap Value Index Fund, Global Natural Resources Fund and Real Estate Securities Fund.

     The Fund currently intends to invest in the following fixed-income Underlying Funds: Bond Plus Fund, Short-Term Bond Fund, High-Yield Fund and Inflation-Linked Bond Fund.

     As a result of its investments in the Underlying Funds, the Managed Allocation Fund’s returns will reflect investments in a mix of domestic stocks of companies of all sizes, foreign equities, real estate securities and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. If the portfolio managers believe that the relative attractiveness of the markets in which the equity and fixed-income funds are invested changes, they can adjust the percentage of investments in these Underlying Funds up or down by up to 10%. At any given time the Fund may hold between 0% to 5% of its assets in real estate funds. The Fund’s composite benchmark is a composite of three benchmark indices representing three types of market sectors within the equity and fixed-income Underlying Fund asset classes, i.e., domestic equity, international equity and fixed-income. The composite index is created by applying the results of the benchmark for each of these three market sectors in proportion to the Fund’s target allocations among the three market sectors. For more information about the different indices that comprise the Fund’s composite benchmark index, please see “Additional Information About the Fund’s Composite Index” below.

     The composition of the Fund’s fixed-income portion will vary depending on the shape of the yield curve. This means that when there is not much difference between the yield on short-term and long-term bonds, the Fund would normally increase its investments in the Short-Term Bond Fund. The Fund will have less than 5% of its assets in the High-Yield Fund.

     The Fund might sometimes be even more heavily weighted toward equities or fixed-income, if Advisors believes market conditions warrant. For example, the Fund might increase its holdings in fixed-income funds in periods when Advisors believes equity markets will decline.

     As part of the Fund’s ability to invest in unaffiliated investment products or pools noted above, the Board has authorized the Fund to invest in exchange-traded funds (“ETFs”) and exchange-traded notes (“ETNs”). The Fund may use investments in ETFs and ETNs to gain exposure to various market sectors or securities in order to affect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk.


 

     For flexibility in meeting redemptions, expenses and the timing of new investments, and as a short-term defense during periods of unusual volatility, the Fund may invest in government securities (as defined in the Investment Company Act of 1940, as amended (the “1940 Act”)), short-term paper or shares of the Money Market Fund. For temporary defensive purposes, the Managed Allocation Fund may invest without limitation in such securities. The Fund cannot guarantee that this strategy will be successful.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations may change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

 

EQUITY

 

60.40%

 

U.S. Equity

 

43.88%

 

Enhanced Large-Cap Value Index Fund

 

8.44%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

8.30%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

7.82%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

7.66%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

7.16%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

3.49%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.55%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.46%

 

 

 

 

               

 

 

 

 

International Equity

 

16.52%

 

International Equity Fund

 

6.15%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

5.01%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

4.02%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.09%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

0.25%

                       

FIXED-INCOME

 

39.60%

 

Fixed-Income

 

39.26%

 

Bond Plus Fund

 

37.25%

 

 

 

 

 

 

 

 

High-Yield Fund

 

2.01%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.34%

 

Money Market Fund

 

0.34%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Managed Allocation Fund
XML 112 R13.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle 2030 Fund 2.4.0.8020011 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle 2030 Fundtruetruefalse1false falsefalseS000005379Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000005379Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle 2030 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000005379Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2030 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 75.60% of its assets to equity Underlying Funds and 24.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. 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The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 52.92%; International Equity: 22.68%; Fixed-Income: 24.40%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. 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style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. 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vertical-align: top"> 0 </td> <td style="text-align: center; vertical-align: top"> 35.00 </td> <td style="text-align: center; vertical-align: top"> 15.00 </td> <td style="text-align: center; vertical-align: top"> 38.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -5 </td> <td style="text-align: center; vertical-align: top"> 31.50 </td> <td style="text-align: center; vertical-align: top"> 13.50 </td> <td style="text-align: center; vertical-align: top"> 39.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -10 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle 2030 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle 2030 Fund (TIAA-CREF Lifecycle 2030 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycle2030Fund14 XML 113 R38.xml IDEA: Risk/Return Summary - TIAA-CREF Lifecycle Index 2040 Fund 2.4.0.8020036 - Document - Risk/Return Summary {Unlabeled} - TIAA-CREF Lifecycle Index 2040 Fundfalsefalsefalse1false falsefalseS000026506Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle Index 2040 Fundfalsefalsefalse1false truefalseS000026506Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle Index 2040 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000026506Memberdei_LegalEntityAxisexplicitMembernanafalse02false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle Index 2040 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2040 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2040 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. 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vertical-align: top"> <td style="text-align: center"> 25 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 20 </td> <td style="text-align: center"> 57.40 </td> <td style="text-align: center"> 24.60 </td> <td style="text-align: center"> 18.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 15 </td> <td style="text-align: center"> 51.80 </td> <td style="text-align: center"> 22.20 </td> <td style="text-align: center"> 26.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 10 </td> <td style="text-align: center"> 46.20 </td> <td style="text-align: center"> 19.80 </td> <td style="text-align: center"> 32.00 </td> <td style="text-align: center"> 2.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -15 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -20 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -25 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -30 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false0falseRisk/Return Summary - TIAA-CREF Lifecycle Index 2040 Fund (TIAA-CREF Lifecycle Index 2040 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DocumentRiskReturnSummaryUnlabeledTIAACREFLifecycleIndex2040Fund13 XML 114 R23.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle 2055 Fund 2.4.0.8020021 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle 2055 Fundtruetruefalse1false falsefalseS000031927Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000031927Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle 2055 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000031927Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin-right: 0IN; margin-left: .05PT;"> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2055 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2055 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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vertical-align: top"> 25 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 20 </td> <td style="text-align: center; vertical-align: top"> 57.40 </td> <td style="text-align: center; vertical-align: top"> 24.60 </td> <td style="text-align: center; vertical-align: top"> 18.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 15 </td> <td style="text-align: center; vertical-align: top"> 51.80 </td> <td style="text-align: center; vertical-align: top"> 22.20 </td> <td style="text-align: center; vertical-align: top"> 26.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 10 </td> <td style="text-align: center; vertical-align: top"> 46.20 </td> <td style="text-align: center; vertical-align: top"> 19.80 </td> <td style="text-align: center; vertical-align: top"> 30.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 5 </td> <td style="text-align: center; vertical-align: top"> 40.60 </td> <td style="text-align: center; vertical-align: top"> 17.40 </td> <td style="text-align: center; vertical-align: top"> 34.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 0 </td> <td style="text-align: center; vertical-align: top"> 35.00 </td> <td style="text-align: center; vertical-align: top"> 15.00 </td> <td style="text-align: center; vertical-align: top"> 38.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -5 </td> <td style="text-align: center; vertical-align: top"> 31.50 </td> <td style="text-align: center; vertical-align: top"> 13.50 </td> <td style="text-align: center; vertical-align: top"> 39.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -10 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -15 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -20 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -25 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -30 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle 2055 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle 2055 Fund (TIAA-CREF Lifecycle 2055 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycle2055Fund14 XML 115 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle Index 2025 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle Index 2025 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2025. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.

     The Fund expects to allocate approximately 67.60% of its assets to equity Underlying Funds and 32.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2025 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2032 to 2035. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 47.32%; International Equity: 20.28%; Fixed-Income: 30.80%; and Inflation-Protected Assets: 1.60%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

69.80%

 

U.S. Equity

 

53.00%

 

Equity Index Fund

 

53.00%

 

 

 

 

               

 

 

 

 

International Equity

 

16.80%

 

International Equity Index Fund

 

12.70%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

4.10%

                       

FIXED-INCOME

 

30.20%

 

Fixed-Income

 

29.08%

 

Bond Index Fund

 

29.08%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

1.12%

 

Inflation-Linked Bond Fund

 

1.12%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Inflation-
Protected Assets
45 63.00 27.00 10.00 -
40 63.00 27.00 10.00 -
35 63.00 27.00 10.00 -
30 63.00 27.00 10.00 -
25 63.00 27.00 10.00 -
20 57.40 24.60 18.00 -
15 51.80 22.20 26.00 -
10 46.20 19.80 32.00 2.00
5 40.60 17.40 38.00 4.00
0 35.00 15.00 44.00 6.00
-5 31.50 13.50 47.00 8.00
-10 28.00 12.00 50.00 10.00
-15 28.00 12.00 50.00 10.00
-20 28.00 12.00 50.00 10.00
-25 28.00 12.00 50.00 10.00
-30 28.00 12.00 50.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2025 Fund
XML 116 R36.xml IDEA: Risk/Return Summary - TIAA-CREF Lifecycle Index 2035 Fund 2.4.0.8020034 - Document - Risk/Return Summary {Unlabeled} - TIAA-CREF Lifecycle Index 2035 Fundfalsefalsefalse1false falsefalseS000026505Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle Index 2035 Fundfalsefalsefalse1false truefalseS000026505Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle Index 2035 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000026505Memberdei_LegalEntityAxisexplicitMembernanafalse02false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00TIAA-CREF Lifecycle Index 2035 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2035 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 83.60% of its assets to equity Underlying Funds and 16.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2035 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 58.52%; International Equity: 25.08%; Fixed-Income: 16.40%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td colspan="2" valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>EQUITY</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">85.81%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">U.S. Equity</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">65.23%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">65.23%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top"> <p> <b>&#160;</b> </p> </td> <td valign="top"> <p> <b>&#160;</b> </p> </td> <td valign="bottom"> <p align="right"> &#160; </p> </td> <td valign="top"> <p> <b>&#160;</b> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">International Equity</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">20.58%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">International Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">15.57%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Emerging Markets Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">5.01%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>FIXED-INCOME</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">14.19%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Fixed-Income</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">14.19%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Bond Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">14.19%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="bottom"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; <p> </p> </td> </tr> </table> <br/><p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Inflation-<br /> Protected Assets </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 45 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 40 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 35 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 30 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 25 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 20 </td> <td style="text-align: center"> 57.40 </td> <td style="text-align: center"> 24.60 </td> <td style="text-align: center"> 18.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 15 </td> <td style="text-align: center"> 51.80 </td> <td style="text-align: center"> 22.20 </td> <td style="text-align: center"> 26.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 10 </td> <td style="text-align: center"> 46.20 </td> <td style="text-align: center"> 19.80 </td> <td style="text-align: center"> 32.00 </td> <td style="text-align: center"> 2.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; 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</p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false0falseRisk/Return Summary - TIAA-CREF Lifecycle Index 2035 Fund (TIAA-CREF Lifecycle Index 2035 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DocumentRiskReturnSummaryUnlabeledTIAACREFLifecycleIndex2035Fund13 XML 117 R43.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle Index 2050 Fund 2.4.0.8020041 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle Index 2050 Fundtruetruefalse1false falsefalseS000026508Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000026508Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle Index 2050 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000026508Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2050 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2050 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. 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In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors who retired in 2010 or plan to retire within a few years of 2010. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 46.00% of its assets to equity Underlying Funds and 54.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2010 and will reach the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2017 to 2020. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 32.20%; International Equity: 13.80%; Fixed-Income: 46.40%; and Inflation-Protected Assets: 7.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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The actual market sector allocations of the Fund may differ from this chart. 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In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 51.60% of its assets to equity Underlying Funds and 48.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2015 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 36.12%; International Equity: 15.48%; Fixed-Income: 42.80%; and Inflation-Protected Assets: 5.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Inflation-<br /> Protected Assets </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 45 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 40 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 35 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 30 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 25 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 20 </td> <td style="text-align: center"> 57.40 </td> <td style="text-align: center"> 24.60 </td> <td style="text-align: center"> 18.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 15 </td> <td style="text-align: center"> 51.80 </td> <td style="text-align: center"> 22.20 </td> <td style="text-align: center"> 26.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 10 </td> <td style="text-align: center"> 46.20 </td> <td style="text-align: center"> 19.80 </td> <td style="text-align: center"> 32.00 </td> <td style="text-align: center"> 2.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -15 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -20 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -25 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -30 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false0falseRisk/Return Summary - TIAA-CREF Lifecycle Index 2015 Fund (TIAA-CREF Lifecycle Index 2015 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DocumentRiskReturnSummaryUnlabeledTIAACREFLifecycleIndex2015Fund13 XML 120 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle 2045 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle 2045 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2045 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

89.88%

 

U.S. Equity

 

63.58%

 

Large-Cap Value Fund

 

12.15%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Value Index Fund

 

12.15%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

11.28%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

11.25%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

10.20%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

5.00%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.84%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.71%

 

 

 

 

               

 

 

 

 

International Equity

 

26.30%

 

International Equity Fund

 

8.81%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

7.67%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

5.74%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

2.44%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.64%

                       

FIXED-INCOME

 

10.12%

 

Fixed-Income

 

9.78%

 

High-Yield Fund

 

5.91%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

3.87%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.34%

 

Money Market Fund

 

0.34%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2045 Fund
XML 121 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle 2035 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle 2035 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035.

     The Fund expects to allocate approximately 83.60% of its assets to equity Underlying Funds and 16.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2035 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 58.52%; International Equity: 25.08%; Fixed-Income: 16.40%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

85.43%

 

U.S. Equity

 

60.34%

 

Enhanced Large-Cap Value Index Fund

 

11.57%

 

 

 

 

 

 

 

 

Large-Cap Value Fund

 

11.47%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

10.73%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

10.62%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

9.74%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

4.75%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.79%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.67%

 

 

 

 

               

 

 

 

 

International Equity

 

25.09%

 

International Equity Fund

 

8.46%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

7.27%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

5.48%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

2.33%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.55%

                       

FIXED-INCOME

 

14.57%

 

Fixed-Income

 

14.24%

 

High-Yield Fund

 

5.90%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

5.86%

 

 

 

 

 

 

 

 

Bond Fund

 

2.48%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.33%

 

Money Market Fund

 

0.33%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

 

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2035 Fund
XML 122 R33.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle Index 2025 Fund 2.4.0.8020031 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle Index 2025 Fundtruetruefalse1false falsefalseS000026503Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000026503Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle Index 2025 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000026503Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2025 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2025. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 67.60% of its assets to equity Underlying Funds and 32.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2025 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2032 to 2035. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 47.32%; International Equity: 20.28%; Fixed-Income: 30.80%; and Inflation-Protected Assets: 1.60%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; 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</td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. 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text-align: center; width: 20%"> Inflation-<br /> Protected Assets </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 45 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 40 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 35 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 30 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 25 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 20 </td> <td style="text-align: center"> 57.40 </td> <td style="text-align: center"> 24.60 </td> <td style="text-align: center"> 18.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 15 </td> <td style="text-align: center"> 51.80 </td> <td style="text-align: center"> 22.20 </td> <td style="text-align: center"> 26.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 10 </td> <td style="text-align: center"> 46.20 </td> <td style="text-align: center"> 19.80 </td> <td style="text-align: center"> 32.00 </td> <td style="text-align: center"> 2.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -15 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -20 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -25 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -30 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle Index 2025 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle Index 2025 Fund (TIAA-CREF Lifecycle Index 2025 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycleIndex2025Fund14 XML 123 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle 2055 Fund
TIAA-CREF Lifecycle 2055 Fund

Lifecycle 2055 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2055 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

89.80%

 

U.S. Equity

 

63.58%

 

Large-Cap Value Fund

 

12.23%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Value Index Fund

 

12.13%

 

 

 

 

 

 

 

 

Large-Cap Growth Fund

 

11.34%

 

 

 

 

 

 

 

 

Enhanced Large-Cap Growth Index Fund

 

11.20%

 

 

 

 

 

 

 

 

Growth & Income Fund

 

10.13%

 

 

 

 

 

 

 

 

Small-Cap Equity Fund

 

5.00%

 

 

 

 

 

 

 

 

Mid-Cap Value Fund

 

0.84%

 

 

 

 

 

 

 

 

Mid-Cap Growth Fund

 

0.71%

 

 

 

 

               

 

 

 

 

International Equity

 

26.22%

 

International Equity Fund

 

8.71%

 

 

 

 

 

 

 

 

Enhanced International Equity Index Fund

 

7.68%

 

 

 

 

 

 

 

 

Emerging Markets Equity Fund

 

5.76%

 

 

 

 

 

 

 

 

Global Natural Resources Fund

 

2.43%

 

 

 

 

 

 

 

 

International Opportunities Fund

 

1.64%

                       

FIXED-INCOME

 

10.20%

 

Fixed-Income

 

9.87%

 

High-Yield Fund

 

5.96%

 

 

 

 

 

 

 

 

Bond Plus Fund

 

3.91%

 

 

 

 

               

 

 

 

 

Short-Term Fixed-Income

 

0.33%

 

Money Market Fund

 

0.33%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

     The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

XML 124 R15.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle 2035 Fund 2.4.0.8020013 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle 2035 Fundtruetruefalse1false falsefalseS000005380Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000005380Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle 2035 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000005380Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle 2035 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 83.60% of its assets to equity Underlying Funds and 16.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2035 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 58.52%; International Equity: 25.08%; Fixed-Income: 16.40%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. 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<font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td colspan="2" valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>EQUITY</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">85.43%</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">U.S. 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<td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Total</b></font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1">&#160;</font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">100.00%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> </td> </tr> </table> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; width: 14%; text-align: center; vertical-align: bottom"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 14%; vertical-align: bottom"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 16%; vertical-align: bottom"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 16%; vertical-align: bottom"> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 18%; vertical-align: bottom"> Short-term<br /> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 22%; vertical-align: bottom"> Inflation- Protected<br /> Assets </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 45 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 40 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 35 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 30 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 25 </td> <td style="text-align: center; vertical-align: top"> 63.00 </td> <td style="text-align: center; vertical-align: top"> 27.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 20 </td> <td style="text-align: center; vertical-align: top"> 57.40 </td> <td style="text-align: center; vertical-align: top"> 24.60 </td> <td style="text-align: center; vertical-align: top"> 18.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 15 </td> <td style="text-align: center; vertical-align: top"> 51.80 </td> <td style="text-align: center; vertical-align: top"> 22.20 </td> <td style="text-align: center; vertical-align: top"> 26.00 </td> <td style="text-align: center; vertical-align: top"> - </td> <td style="text-align: center; vertical-align: top"> - </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 10 </td> <td style="text-align: center; vertical-align: top"> 46.20 </td> <td style="text-align: center; vertical-align: top"> 19.80 </td> <td style="text-align: center; vertical-align: top"> 30.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> <td style="text-align: center; vertical-align: top"> 2.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 5 </td> <td style="text-align: center; vertical-align: top"> 40.60 </td> <td style="text-align: center; vertical-align: top"> 17.40 </td> <td style="text-align: center; vertical-align: top"> 34.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> <td style="text-align: center; vertical-align: top"> 4.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> 0 </td> <td style="text-align: center; vertical-align: top"> 35.00 </td> <td style="text-align: center; vertical-align: top"> 15.00 </td> <td style="text-align: center; vertical-align: top"> 38.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> <td style="text-align: center; vertical-align: top"> 6.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -5 </td> <td style="text-align: center; vertical-align: top"> 31.50 </td> <td style="text-align: center; vertical-align: top"> 13.50 </td> <td style="text-align: center; vertical-align: top"> 39.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> <td style="text-align: center; vertical-align: top"> 8.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -10 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -15 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -20 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -25 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: center; vertical-align: top"> -30 </td> <td style="text-align: center; vertical-align: top"> 28.00 </td> <td style="text-align: center; vertical-align: top"> 12.00 </td> <td style="text-align: center; vertical-align: top"> 40.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> <td style="text-align: center; vertical-align: top"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle 2035 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle 2035 Fund (TIAA-CREF Lifecycle 2035 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycle2035Fund14 XML 125 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
TIAA-CREF Lifecycle 2050 Fund
TIAA-CREF Lifecycle 2050 Fund

Lifecycle 2050 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2050 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

89.94%

 

U.S. Equity

 

63.64%

 

Large-Cap Value Fund

 

12.17%

 

Enhanced Large-Cap Value Index Fund

 

12.16%

 

Large-Cap Growth Fund

 

11.30%

 

Enhanced Large-Cap Growth Index Fund

 

11.26%

 

Growth & Income Fund

 

10.19%

 

Small-Cap Equity Fund

 

5.01%

 

Mid-Cap Value Fund

 

0.84%

 

Mid-Cap Growth Fund

 

0.71%

 

 

 

 

 

 

           

 

International Equity

 

26.30%

 

International Equity Fund

 

8.79%

 

Enhanced International Equity Index Fund

 

7.68%

 

Emerging Markets Equity Fund

 

5.75%

 

Global Natural Resources Fund

 

2.44%

 

International Opportunities Fund

 

1.64%

                       

FIXED-INCOME

 

10.06%

 

Fixed-Income

 

9.72%

 

High-Yield Fund

 

5.88%

 

 

 

 

 

Bond Plus Fund

 

3.84%

 

 

 

 

               

 

Short-Term Fixed-Income

 

0.34%

 

Money Market Fund

 

0.34%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

XML 126 R35.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle Index 2030 Fund 2.4.0.8020033 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle Index 2030 Fundtruetruefalse1false falsefalseS000026504Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000026504Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle Index 2030 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000026504Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2030 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 75.60% of its assets to equity Underlying Funds and 24.40% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2030 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2037 to 2040. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 52.92%; International Equity: 22.68%; Fixed-Income: 24.40%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; 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vertical-align: top"> <td style="text-align: center"> 25 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 20 </td> <td style="text-align: center"> 57.40 </td> <td style="text-align: center"> 24.60 </td> <td style="text-align: center"> 18.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 15 </td> <td style="text-align: center"> 51.80 </td> <td style="text-align: center"> 22.20 </td> <td style="text-align: center"> 26.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 10 </td> <td style="text-align: center"> 46.20 </td> <td style="text-align: center"> 19.80 </td> <td style="text-align: center"> 32.00 </td> <td style="text-align: center"> 2.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -15 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -20 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -25 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -30 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle Index 2030 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle Index 2030 Fund (TIAA-CREF Lifecycle Index 2030 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycleIndex2030Fund14 XML 127 R1.htm IDEA: XBRL DOCUMENT v2.4.0.8
Document and Entity Information
0 Months Ended
Nov. 30, 2012
Risk/Return:  
Document Type 497
Document Period End Date Nov. 30, 2012
Registrant Name TIAA-CREF FUNDS
Central Index Key 0001084380
Amendment Flag false
Document Creation Date Jul. 11, 2013
Document Effective Date Jul. 16, 2013
Prospectus Date Oct. 01, 2012
XML 128 R41.xml IDEA: Risk/Return Detail Data - TIAA-CREF Lifecycle Index 2045 Fund 2.4.0.8020039 - Disclosure - Risk/Return Detail Data {Elements} - TIAA-CREF Lifecycle Index 2045 Fundtruetruefalse1false falsefalseS000026507Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse1false truefalseS000026507Memberhttp://www.sec.gov/CIK0001084380duration2012-11-30T00:00:002012-11-30T00:00:00falsefalseTIAA-CREF Lifecycle Index 2045 Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001084380_S000026507Memberdei_LegalEntityAxisexplicitMembernanafalse02true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse03false 4cik0001084380_SupplementTextBlockcik0001084380_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p> <font style="font-family: ARIAL; font-size: large;">Lifecycle Index 2045 Fund</font> </p> <br/><p> <font size="2" style="font-family: ARIAL;"><b>PRINCIPAL INVESTMENT STRATEGIES</b></font> </p> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2045 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.</font> </p> </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="18%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="8%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="20%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="1%" valign="top"> <p> &#160; </p> </td> <td width="30%" valign="top"> <p> &#160; </p> </td> <td width="2%" valign="top"> <p> &#160; </p> </td> <td width="7%" valign="top"> <p align="right"> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Asset Class</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Market Sector</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td colspan="2" valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>Underlying Funds</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;"><b>Allocation</b></font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td colspan="2" valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 2PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>EQUITY</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">90.27%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">U.S. Equity</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">68.63%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">68.63%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top"> <p> <b>&#160;</b> </p> </td> <td valign="top"> <p> <b>&#160;</b> </p> </td> <td valign="top"> <p align="right"> &#160; </p> </td> <td valign="top"> <p> <b>&#160;</b> </p> </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">International Equity</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">21.64%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">International Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">16.36%</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">&#160;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Emerging Markets Equity Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">5.28%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> <tr> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>FIXED-INCOME</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">9.73%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Fixed-Income</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">9.73%</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">&#8226;</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;">Bond Index Fund</font> </p> </td> <td valign="top"> <p> <font size="1" style="font-family: ARIAL;"><b>&#160;</b></font> </p> </td> <td valign="top"> <p align="right"> <font size="1" style="font-family: ARIAL;">9.73%</font> </p> </td> </tr> <tr style="FONT-SIZE:1 PX"> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; 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</td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> <td valign="top" style="BORDER-BOTTOM:SOLID BLACK 1PX"> &#160; </td> </tr> </table> <br/><p> <font size="2">&#160;&#160;&#160;&#160;&#160;The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.</font> </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Years to<br /> Target Date </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> U.S. Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> International<br /> Equity </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Fixed-Income </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; width: 20%"> Inflation-<br /> Protected Assets </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 45 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 40 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 35 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 30 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 25 </td> <td style="text-align: center"> 63.00 </td> <td style="text-align: center"> 27.00 </td> <td style="text-align: center"> 10.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 20 </td> <td style="text-align: center"> 57.40 </td> <td style="text-align: center"> 24.60 </td> <td style="text-align: center"> 18.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 15 </td> <td style="text-align: center"> 51.80 </td> <td style="text-align: center"> 22.20 </td> <td style="text-align: center"> 26.00 </td> <td style="text-align: center"> - </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 10 </td> <td style="text-align: center"> 46.20 </td> <td style="text-align: center"> 19.80 </td> <td style="text-align: center"> 32.00 </td> <td style="text-align: center"> 2.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 5 </td> <td style="text-align: center"> 40.60 </td> <td style="text-align: center"> 17.40 </td> <td style="text-align: center"> 38.00 </td> <td style="text-align: center"> 4.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> 0 </td> <td style="text-align: center"> 35.00 </td> <td style="text-align: center"> 15.00 </td> <td style="text-align: center"> 44.00 </td> <td style="text-align: center"> 6.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -5 </td> <td style="text-align: center"> 31.50 </td> <td style="text-align: center"> 13.50 </td> <td style="text-align: center"> 47.00 </td> <td style="text-align: center"> 8.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -10 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -15 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -20 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -25 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> <tr style="text-align: center; vertical-align: top"> <td style="text-align: center"> -30 </td> <td style="text-align: center"> 28.00 </td> <td style="text-align: center"> 12.00 </td> <td style="text-align: center"> 50.00 </td> <td style="text-align: center"> 10.00 </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE:1PX"> <td width="100%" valign="top"> <p> &#160; </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.</font> </p> </td> </tr> <tr> <td valign="top"> <p> <font size="2">&#160;&#160;&#160;&#160;&#160;Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.</font> </p> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00TIAA-CREF Lifecycle Index 2045 Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false0falseRisk/Return Detail Data - TIAA-CREF Lifecycle Index 2045 Fund (TIAA-CREF Lifecycle Index 2045 Fund)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://tiaa-cref.org/20130711/role/DisclosureRiskReturnDetailDataElementsTIAACREFLifecycleIndex2045Fund14 XML 129 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
TIAA-CREF Lifecycle 2050 Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001084380_SupplementTextBlock

Lifecycle 2050 Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050.

     The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2050 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which will change over time, are approximately as follows: U.S. Equity: 63.00%; International Equity: 27.00%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, International Opportunities Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                     

EQUITY

 

89.94%

 

U.S. Equity

 

63.64%

 

Large-Cap Value Fund

 

12.17%

 

Enhanced Large-Cap Value Index Fund

 

12.16%

 

Large-Cap Growth Fund

 

11.30%

 

Enhanced Large-Cap Growth Index Fund

 

11.26%

 

Growth & Income Fund

 

10.19%

 

Small-Cap Equity Fund

 

5.01%

 

Mid-Cap Value Fund

 

0.84%

 

Mid-Cap Growth Fund

 

0.71%

 

 

 

 

 

 

           

 

International Equity

 

26.30%

 

International Equity Fund

 

8.79%

 

Enhanced International Equity Index Fund

 

7.68%

 

Emerging Markets Equity Fund

 

5.75%

 

Global Natural Resources Fund

 

2.44%

 

International Opportunities Fund

 

1.64%

                       

FIXED-INCOME

 

10.06%

 

Fixed-Income

 

9.72%

 

High-Yield Fund

 

5.88%

 

 

 

 

 

Bond Plus Fund

 

3.84%

 

 

 

 

               

 

Short-Term Fixed-Income

 

0.34%

 

Money Market Fund

 

0.34%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%

                       

The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity International
Equity
Fixed-Income Short-term
Fixed-Income
Inflation- Protected
Assets
45 63.00 27.00 10.00 - -
40 63.00 27.00 10.00 - -
35 63.00 27.00 10.00 - -
30 63.00 27.00 10.00 - -
25 63.00 27.00 10.00 - -
20 57.40 24.60 18.00 - -
15 51.80 22.20 26.00 - -
10 46.20 19.80 30.00 2.00 2.00
5 40.60 17.40 34.00 4.00 4.00
0 35.00 15.00 38.00 6.00 6.00
-5 31.50 13.50 39.00 8.00 8.00
-10 28.00 12.00 40.00 10.00 10.00
-15 28.00 12.00 40.00 10.00 10.00
-20 28.00 12.00 40.00 10.00 10.00
-25 28.00 12.00 40.00 10.00 10.00
-30 28.00 12.00 40.00 10.00 10.00

 

     The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.

     Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2050 Fund
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TIAA-CREF Lifecycle Index Retirement Income Fund
TIAA-CREF Lifecycle Index Retirement Income Fund

Lifecycle Index Retirement Income Fund


PRINCIPAL INVESTMENT STRATEGIES


 

     The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy that will not gradually adjust over time and is designed for investors who are already in or entering retirement (i.e., have already passed their retirement year). The Fund has a policy of investing at least 80% of its assets in Underlying Funds that are managed to seek investment returns that track particular market indices. For purposes of the 80% investment policy, the term “assets” means net assets, plus the amount of any borrowings for investment purposes.

     The Fund expects to allocate approximately 40.00% of its assets to equity Underlying Funds and 60.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations may be changed and actual allocations may vary up to 10% from the targets. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2014, which may change, are approximately as follows: U.S. Equity: 28.00%; International Equity: 12.00%; Fixed-Income: 50.00%; and Inflation-Protected Assets: 10.00%.

     The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).

     Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. Investors should note that the Fund has a significant level of equity exposure and this exposure could cause fluctuation in the value of the Fund depending on the performance of the equity markets generally.

     The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of May 31, 2013, are listed in the chart below. These allocations will change over time.


 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

Allocation

 

Market Sector

 

Allocation

 

Underlying Funds

 

Allocation

                       

EQUITY

 

40.43%

 

U.S. Equity

 

30.65%

 

Equity Index Fund

 

30.65%

 

 

 

 

               

 

 

 

 

International Equity

 

9.78%

 

International Equity Index Fund

 

7.39%

 

 

 

 

 

 

 

 

Emerging Markets Equity Index Fund

 

2.39%

                       

FIXED-INCOME

 

59.57%

 

Fixed-Income

 

49.77%

 

Bond Index Fund

 

49.77%

 

 

 

 

               

 

 

 

 

Inflation-Protected Assets

 

9.80%

 

Inflation-Linked Bond Fund

 

9.80%

                       

Total

 

100.00%

 

 

 

100.00%

 

 

 

 

100.00%