497 1 c106691_497.htm
  TIAA-CREF
Funds		 Supplement

 

TIAA-CREF International Funds

 

TIAA-CREF Emerging Markets Debt Fund

TIAA-CREF International Bond Fund

 

SUPPLEMENT NO. 1
dated July 11, 2023, to the Summary Prospectuses dated March 1, 2023

 

SUPPLEMENT NO. 2
dated July 11, 2023, to the Statutory Prospectus dated March 1, 2023

 

Effective July 28, 2023, Anupam Damani will no longer be a portfolio manager of the TIAA-CREF Emerging Markets Debt Fund and the TIAA-CREF International Bond Fund (collectively, the “Funds”). Therefore, as of that date all references to Ms. Damani will be removed from the Funds’ portfolio management team disclosure in the Summary and Statutory Prospectuses. Katherine Renfrew will continue to serve as a member of the TIAA-CREF Emerging Markets Debt Fund’s portfolio management team, and John Espinosa will continue to serve as a member of the TIAA-CREF International Bond Fund’s portfolio management team.

 

Effective July 11, 2023, John Espinosa, Alejandro Rivera, Karina Bubeck and Bao Vo have been added to the portfolio management team of the TIAA-CREF Emerging Markets Debt Fund. Accordingly, the following is hereby added to the entry for the Fund in the sub-section entitled “Portfolio Managers” in the section entitled “Portfolio management” on page 8 and page 58 of the Summary and Statutory Prospectuses, respectively:

 

Name: John Espinosa Alejandro Rivera, CFA Karina Bubeck, CFA Bao Vo
Title: Managing Director Senior Director Managing Director Managing Director
Experience on Fund: since 2023 since 2023 since 2023 since 2023

 

Effective July 11, 2023, Melissa Zaccagnino and Aaron Enriquez have been added to the portfolio management team of the TIAA-CREF International Bond Fund. Accordingly, the following is hereby added to the entry for the Fund in the sub-section entitled “Portfolio Managers” in the section entitled “Portfolio management” on page 10 and page 70 of the Summary and Statutory Prospectuses, respectively:

 
Name: Melissa Zaccagnino Aaron Enriquez
Title: Senior Director Senior Director
Experience on Fund: since 2023 since 2023

 

Additionally, effective July 11, 2023, as a result of the portfolio management team changes described above, the following is hereby added to the respective entries for the Funds in the table of the sub-section entitled “Portfolio management teams” of the section entitled “Management of the Funds” beginning on page 99 of the Statutory Prospectus:

 

            Total Experience
(since dates
specified below)
Name & Title   Portfolio Role   Experience Over
Past Five Years		   At
TIAA		 Total On
Team
EMERGING MARKETS DEBT FUND                
John Espinosa                
Managing Director   Portfolio Manager   Advisors, TCIM and other advisory affiliates of TIAA—2004 to Present (fixed-income portfolio management, research and trading)   2004 2004 2023
Alejandro Rivera, CFA                
Senior Director   Portfolio Manager   Advisors, Nuveen Asset Management and other advisory affiliates of TIAA—2015 to Present (fixed-income credit research and portfolio management)   2015 2004 2023
Karina Bubeck, CFA                
Managing Director   Portfolio Manager   Advisors, Nuveen Asset Management and other advisory affiliates of TIAA—2003 to Present (fixed-income credit research and portfolio management)   2003 1999 2023
Bao Vo                
Managing Director   Portfolio Manager   Advisors, Nuveen Asset Management and other advisory affiliates of TIAA—2014 to Present (fixed-income trading and portfolio management)   2014 2007 2023
INTERNATIONAL BOND FUND                
Melissa Zaccagnino                
Senior Director   Portfolio Manager   Advisors, Nuveen Asset Management and other advisory affiliates of TIAA—2020 to Present (fixed-income credit research and portfolio management); Santander—2018 to 2020 (emerging markets institutional sales)   2020 2006 2023
Aaron Enriquez                
Senior Director   Portfolio Manager   Advisors, Nuveen Asset Management and other advisory affiliates of TIAA—2011 to Present (fixed-income credit research and portfolio management)   2011 2011 2023

 

A41404 (7/23)

 
  TIAA-CREF
Funds		 Supplement  

 

TIAA-CREF Fixed-Income &

Real Estate Securities Funds

 

TIAA-CREF Core Plus Bond Fund

 

SUPPLEMENT NO. 1

dated July 11, 2023, to the Summary Prospectus dated August 1, 2022, as amended and restated March 21, 2023

 

SUPPLEMENT NO. 2

dated July 11, 2023, to the Statutory Prospectus dated August 1, 2022

 

Effective July 28, 2023, Anupam Damani will no longer be a portfolio manager of the TIAA-CREF Core Plus Bond Fund (the “Fund”). Therefore, as of that date all references to Ms. Damani will be removed from the Fund’s portfolio management team disclosure in the Summary and Statutory Prospectuses. Joseph Higgins, Kevin R. Lorenz and Nicholas Travaglino will continue to serve as members of the Fund’s portfolio management team.

 

Effective July 11, 2023, Katherine Renfrew has been added to the portfolio management team of the Fund. Accordingly, the following is hereby added to the entry for the Fund in the sub-section entitled “Portfolio Managers” in the section entitled “Portfolio management” on page 9 and page 48 of the Summary and Statutory Prospectuses, respectively:

 

Name: Katherine Renfrew
Title: Managing Director
Experience on Fund: since 2023
 

Additionally, effective July 11, 2023, as a result of the portfolio management team change described above, the following is hereby added to the entry for the Fund in the table of the sub-section entitled “Portfolio management teams” of the section entitled “Management of the Funds” beginning on page 166 of the Statutory Prospectus:

 

            Total Experience
(since dates
specified below)
Name & Title   Portfolio Role   Experience Over
Past Five Years		   At
TIAA		   Total   On
Team
CORE PLUS BOND FUND                    
Katherine Renfrew                    
Managing Director   Portfolio Manager   Advisors, TCIM and other advisory affiliates of TIAA—1997 to Present (fixed-income portfolio management, research and trading)   1997   1994   2023

 

A41405 (7/23)

 
TIAA-CREF
Funds		 Supplement

 

TIAA-CREF Funds

 

SUPPLEMENT NO. 2
dated July 11, 2023, to the Statement of Additional Information (“SAI”) dated March 1, 2023 and August 1, 2022, as supplemented through March 21, 2023

 

Effective July 28, 2023, Anupam Damani will no longer be a portfolio manager of the TIAA-CREF Emerging Markets Debt Fund, the TIAA-CREF International Bond Fund and the TIAA-CREF Core Plus Bond Fund (collectively, the “Funds”). Therefore, as of that date all references to Ms. Damani will be removed from the Funds’ portfolio management team disclosure in the SAI. Katherine Renfrew will continue to serve as a member of the TIAA-CREF Emerging Markets Debt Fund’s portfolio management team, John Espinosa will continue to serve as a member of the TIAA-CREF International Bond Fund’s portfolio management team and Joseph Higgins, Kevin R. Lorenz and Nicholas Travaglino will continue to serve as members of the TIAA-CREF Core Plus Bond Fund’s portfolio management team.

 

Effective July 11, 2023, John Espinosa, Alejandro Rivera, Karina Bubeck and Bao Vo have been added to the portfolio management team of the TIAA-CREF Emerging Markets Debt Fund and Melissa Zaccagnino and Aaron Enriquez have been added to the portfolio management team of the TIAA-CREF International Bond Fund. Accordingly, the following is hereby added to the respective entries for the TIAA-CREF Emerging Markets Debt Fund and the TIAA-CREF International Bond Fund in the first chart appearing under the sub-section entitled “Additional information regarding portfolio managers” in the section entitled “Information about the Funds’ portfolio management” beginning on page 92 of the SAI:

 

   Number of other accounts managed  Total assets in other accounts managed (millions)    
Name of portfolio manager  Registered
investment
companies**		   Other pooled
investment
vehicles**		   Other
accounts**		   Registered
investment
companies**		   Other pooled
investment
vehicles**		   Other
accounts**		   Dollar range of
equity securities
owned in Fund*†		 
Emerging Markets Debt Fund                                   
John Espinosa   2    1    0           $802             $104             $0   $100,001–500,000 
Alejandro Rivera   0    0    0   $0   $0   $0    $0 
Karina Bubeck   1    0    0   $80   $0   $0   $ 10,001–50,000 
Bao Vo   0    0    0   $0   $0   $0    $0 
International Bond Fund                                   
Melissa Zaccagnino   1    0    0   $27   $0   $0    $0 
Aaron Enriquez   0    0    0   $0   $0   $0    $0 

 

*   Includes notional amounts awarded in connection with long-term compensation awards described above.
†   This information is as of July 6, 2023.
**   This information is as of March 31, 2023.
 

Additionally, effective July 11, 2023, Katherine Renfrew has been added to the portfolio management team of the TIAA-CREF Core Plus Bond Fund. Accordingly, the following is hereby added to the entry for TIAA-CREF Core Plus Bond Fund in the second chart appearing under the sub-section entitled “Additional information regarding portfolio managers” in the section entitled “Information about the Funds’ portfolio management” on page 94 of the SAI:

 

   Number of other accounts managed  Total assets in other accounts managed (millions)   
Name of portfolio manager  Registered
investment
companies**		  Other pooled
investment
vehicles**		  Other
accounts**		  Registered
investment
companies**		  Other pooled
investment vehicles**		  Other
accounts**		  Dollar range of
equity securities
owned in Fund*†
Core Plus Bond Fund                     
Katherine Renfrew  4  1  2  $1,536  $104  $536  $50,001–100,000

 

*   Includes notional amounts awarded in connection with long-term compensation awards described above.
†   This information is as of July 6, 2023.
**   This information is as of March 31, 2023.

 

A41403 (7/23)