497 1 c100276_497.htm
TIAA-CREF
Funds
  Supplement

 

TIAA-CREF International Funds

TIAA-CREF Quant International Small-Cap Equity Fund

 

SUPPLEMENT NO. 1

dated August 17, 2020, to the Summary Prospectus dated March 1, 2020

 

SUPPLEMENT NO. 2

dated August 17, 2020, to the Statutory Prospectus dated March 1, 2020, as supplemented through March 18, 2020

 

Effective immediately, the portfolio management team of the TIAA-CREF Quant International Small-Cap Equity Fund has changed. Antonio Ramos and Steve Rossiello are each no longer portfolio managers of the TIAA-CREF Quant International Small-Cap Equity Fund. Max Kozlov has become the portfolio manager of the TIAA-CREF Quant International Small-Cap Equity Fund. Accordingly, effectively immediately, the following hereby replaces in its entirety the entry for the TIAA-CREF Quant International Small-Cap Equity Fund in the sub-section entitled “Portfolio Managers” in the section entitled “Portfolio management” beginning on page 8 of the Summary Prospectus and page 47 of the Statutory Prospectus for the TIAA-CREF Quant International Small-Cap Equity Fund:

 

Portfolio Manager. The following person is primarily responsible for the management of the Fund on a day-to-day basis:

Name: Max Kozlov, CFA  
Title: Managing Director  
Experience on Fund: since 2020  

 

The following hereby replaces in its entirety the entry for the TIAA-CREF Quant International Small-Cap Equity Fund in the table found in the sub-section entitled “Portfolio management teams” of the section entitled “Management of the Funds” beginning on page 100 of the Statutory Prospectus for the TIAA-CREF Quant International Small-Cap Equity Fund:

 
       

Total Experience

(since dates

specified below)

Name & Title Portfolio Role Experience Over
Past Five Years
  At
TIAA
Total On
Team
QUANT INTERNATIONAL SMALL-CAP EQUITY FUND
Max Kozlov, CFA
Managing Director Portfolio Manager Advisors, TCIM and other advisory affiliates of TIAA—2015 to Present (quantitative equity research and domestic portfolio management); BlackRock—2002 to 2015 (quantitative equity research and portfolio management for domestic large-cap portfolios, hedge funds and ETFs)   2015 1997 2020

 

A40899 (8/20)

 
 
TIAA-CREF
Funds
  Supplement

 

TIAA-CREF U.S. Equity Funds

 

TIAA-CREF Large-Cap Growth Fund

TIAA-CREF Quant Small-Cap Equity Fund

TIAA-CREF Quant Small/Mid-Cap Equity Fund

 

SUPPLEMENT NO. 1

dated August 17, 2020, to the Summary Prospectuses of the TIAA-CREF Large-Cap Growth Fund and the TIAA-CREF Quant Small/Mid-Cap Equity Fund each dated March 1, 2020

 

SUPPLEMENT NO. 2

dated August 17, 2020, to the Summary Prospectus of the TIAA-CREF Quant Small-Cap Equity Fund dated March 1, 2020, as supplemented through May 15, 2020

 

SUPPLEMENT NO. 4

dated August 17, 2020, to the Statutory Prospectus dated March 1, 2020, as supplemented through May 15, 2020

 

Effective October 1, 2020 (the “effective date”), the portfolio management teams of the TIAA-CREF Large-Cap Growth Fund, TIAA-CREF Quant Small-Cap Equity Fund and TIAA-CREF Quant Small/Mid-Cap Equity Fund will change.

 

As of the effective date, Susan Hirsch will no longer be a portfolio manager of the TIAA-CREF Large-Cap Growth Fund. Terrence Kontos will continue to serve as a portfolio manager of the TIAA-CREF Large-Cap Growth Fund. Accordingly, as of the effective date, all references to Ms. Hirsch are removed from the portfolio management team disclosure in the Statutory and Summary Prospectuses of the TIAA-CREF Large-Cap Growth Fund.

 

As of the effective date, Adam Cao will no longer be a portfolio manager of both the TIAA-CREF Quant Small-Cap Equity Fund and the TIAA-CREF Quant Small/Mid-Cap Equity Fund. Pei Chen and Max Kozlov will each continue to serve as portfolio managers of the TIAA-CREF Quant Small-Cap Equity Fund and TIAA-CREF Quant Small/Mid-Cap Equity Fund. Accordingly, as of the effective date, all references to Mr. Cao are removed from the portfolio management team disclosure in the Statutory and Summary Prospectuses of the TIAA-CREF Quant Small-Cap Equity Fund and the TIAA-CREF Quant Small/Mid-Cap Equity Fund.

 

A40900 (8/20)

 
TIAA-CREF
Funds
  Supplement

 

TIAA-CREF Fixed-Income & Real Estate Securities Funds

 

TIAA-CREF Core Plus Bond Fund

TIAA-CREF Money Market Fund

 

SUPPLEMENT NO. 1

dated August 17, 2020, to the Summary Prospectuses each dated August 1, 2020

 

SUPPLEMENT NO. 2

dated August 17, 2020, to the Statutory Prospectus dated August 1, 2020, as supplemented through August 1, 2020

 

The portfolio management team of the TIAA-CREF Core Plus Bond Fund has changed. Joseph Higgins has become a new member of the TIAA-CREF Core Plus Bond Fund’s portfolio management team. Accordingly, the following hereby replaces in its entirety the entry for the TIAA-CREF Core Plus Bond Fund in the sub-section entitled “Portfolio Managers” in the section entitled “Portfolio management” on page 9 of the Summary Prospectus and page 47 of the Statutory Prospectus for the TIAA-CREF Core Plus Bond Fund:

 

Portfolio Managers. The following persons are primarily responsible for the management of the Fund on a day-to-day basis:

 

Name: William Martin John Cerra Kevin R. Lorenz, CFA
Title: Senior Managing Director Managing Director Managing Director
Experience on Fund: since 2011 since 2003 since 2006
Name: Anupam Damani, CFA Joseph Higgins, CFA  
Title: Managing Director Managing Director  
Experience on Fund: since 2019 since 2020  

 

The following hereby replaces in its entirety the entry for the TIAA-CREF Core Plus Bond Fund in the table found in the sub-section entitled “Portfolio management teams” of the section entitled “Management of the Funds” beginning on page 161 of the Statutory Prospectus for the TIAA-CREF Core Plus Bond Fund:

 
            Total Experience
(since dates
specified below)
Name & Title   Portfolio Role   Experience Over
Past Five Years
  At
TIAA
Total On
Team
CORE PLUS BOND FUND        
William Martin                
Senior Managing Director   Portfolio Manager   Advisors, TCIM and other advisory affiliates of TIAA—2004 to Present (fixed-income portfolio management)   2004 1993 2011
John Cerra                
Managing Director   Portfolio Manager   Advisors, TCIM and other advisory affiliates of TIAA—1985 to Present (fixed-income portfolio management)   1985 1985 2003
Kevin R. Lorenz, CFA                
Managing Director   Portfolio Manager   Advisors, Nuveen Asset Management and other advisory affiliates of TIAA—1987 to Present (high-yield portfolio management)   1987 1987 2006
Anupam Damani, CFA                
Managing Director   Portfolio Manager   Advisors, TCIM and other advisory affiliates of TIAA—1995 to Present (fixed-income portfolio management)   2005 1994 2019
Joseph Higgins, CFA                
Managing Director   Portfolio Manager   Advisors, TCIM and other advisory affiliates of TIAA—1995 to Present (fixed-income portfolio management)   1995 1995 2020

 

As of October 1, 2020, Joseph Rolston will no longer be a portfolio manager of the TIAA-CREF Money Market Fund. Chad Kemper and Andrew Hurst will each continue to serve as portfolio managers of the TIAA-CREF Money Market Fund. Therefore, as of October 1, 2020, Joseph Rolston shall be removed from the TIAA-CREF Money Market Fund’s portfolio management team disclosure in the Statutory and Summary Prospectuses of the TIAA-CREF Money Market Fund.

 

As of December 31, 2020, William Martin will no longer be a portfolio manager of the TIAA-CREF Core Plus Bond Fund. John Cerra, Kevin Lorenz, Anupam Damani and Joseph Higgins will each continue to serve as portfolio managers of the TIAA-CREF Core Plus Bond Fund. Therefore, as of December 31, 2020, William Martin shall be removed from the TIAA-CREF Core Plus Bond Fund’s portfolio management team disclosure in the Statutory and Summary Prospectuses of the TIAA-CREF Core Plus Bond Fund.

 

A40898 (8/20)

 
TIAA-CREF
Funds
  Supplement

 

TIAA-CREF Funds

 

SUPPLEMENT NO. 2

dated August 17, 2020, to the Statement of Additional Information (“SAI”) dated August 1, 2020 and March 1, 2020, as supplemented through August 1, 2020

 

Effective August 17, 2020, the portfolio management teams of the TIAA-CREF Quant International Small-Cap Equity Fund and the TIAA-CREF Core Plus Bond Fund have changed.

 

Antonio Ramos and Steven Rossiello are each no longer portfolio managers of the TIAA-CREF Quant International Small-Cap Equity Fund. Max Kozlov has become the portfolio manager of the TIAA-CREF Quant International Small-Cap Equity Fund. Therefore, all references to Messrs. Ramos and Rossiello are hereby removed from the TIAA-CREF Quant International Small-Cap Equity Fund’s portfolio management team disclosure in the SAI.

 

Joseph Higgins has become a new member of the TIAA-CREF Core Plus Bond Fund’s portfolio management team.

 

Accordingly, the following hereby replaces in its entirety the entries for the TIAA-CREF Quant International Small-Cap Equity Fund and the TIAA-CREF Core Plus Bond Fund in the charts currently appearing under the sub-section entitled “Additional information regarding portfolio managers” of the section entitled “Information about the Funds’ portfolio management” beginning on page 90 of the SAI:

 

    Number of other accounts managed   Total assets in other accounts managed (millions)      
      Registered Other pooled         Registered Other pooled       Dollar range of  
      investment investment Other       investment investment Other     equity securities  
Name of portfolio manager     companies vehicles accounts       companies vehicles accounts     owned in Fund  
Quant International Small-Cap Equity Fund                      
Max Kozlov*     5 0 0       $7,412 $0 $0     $0  
Core Plus Bond Fund                            
William Martin     1 0 0       $552 $0 $0     Over $1,000,000  
John Cerra     6 0 0       $32,895 $0 $0     $100,001–500,000  
Kevin Lorenz     7 0 0       $5,193 $0 $0     $100,001–500,000  
Anupam Damani     3 1 0       $914 $44 $0     $0  
Joseph Higgins*     4 1 0       $27,487 $102 $0     $0  
  *This information is as of June 30, 2020.

 

As of October 1, 2020 (the “effective date”), the portfolio management teams of the TIAA-CREF Large-Cap Growth Fund, TIAA-CREF Quant Small-Cap Equity Fund, TIAA-CREF Quant Small/Mid-Cap Equity Fund and TIAA-CREF Money Market Fund will change.

 

As of the effective date, Susan Hirsch will no longer be a portfolio manager of the TIAA-CREF Large-Cap Growth Fund. Therefore, as of the effective date, all references to Ms. Hirsch are to be removed from the TIAA-CREF Large-Cap Growth Fund’s portfolio management team disclosure in the SAI.

 

As of the effective date, Adam Cao will no longer be a portfolio manager of the TIAA-CREF Quant Small-Cap Equity Fund or the TIAA-CREF Quant Small/Mid-Cap Equity Fund. Therefore, as of the effective date, all references to Mr. Cao are to be removed from the TIAA-CREF Quant Small-Cap Equity Fund’s and the TIAA-CREF Quant Small/Mid-Cap Equity Fund’s respective portfolio management teams disclosure in the SAI.

 

As of the effective date, Joseph Rolston will no longer be a portfolio manager of the TIAA-CREF Money Market Fund. Therefore, as of the effective date, all references to Mr. Rolston are to be removed from the TIAA-CREF Money Market Fund’s portfolio management team disclosure in the SAI.

 

As of December 31, 2020, William Martin will no longer be a portfolio manager of the TIAA-CREF Core Plus Bond Fund. Therefore, as of December 31, 2020, all references to Mr. Martin are to be removed from the TIAA-CREF Core Plus Bond Fund’s portfolio management team disclosure in the SAI.

 

A40896 (8/20)