Awards & recognition

¹ The Lipper Large Fund Award is given to the group with the lowest average decile ranking of three years' Consistent Return for eligible funds over the three-year period ended 11/30/12 (36 fund companies), 11/30/13 (48), 11/30/14 (48), 11/30/15 (37), 11/30/16 (34) and 11/30/17 (34) with at least five equity, five bond, or three mixed-asset portfolios. Note this award pertains to mutual funds within the TIAA-CREF group of mutual funds; other funds distributed by Nuveen Securities were not included. From Thomson Reuters Lipper Awards, ^© 2018 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. Past performance does not guarantee future results. Certain funds have fee waivers in effect. Without such waivers ratings could be lower. For current performance, rankings and prospectuses, please visit the Research and Performance section on TIAA.org. Securities offered through Nuveen, LLC, and TIAA-CREF Individual & Institutional Services, LLC, members FINRA and SIPC.

² TIAA placed fourth overall out of 58 fund families in the Barron’s Fund Families survey for the one-year period ending 12/31/17. TIAA placed 11th out of 54 fund families for the five-year period ending 12/31/17 and 22nd out of 50 fund families for the ten-year period ending 12/31/17. The rankings are quantitative and based on Lipper performance data. Each fund’s performance is measured against all of the other funds in its Lipper category, with a percentile ranking of 100 being the highest and one the lowest. This result is then weighted by asset size, relative to the fund family’s other assets in its general classification. Past performance is no guarantee of future results. TIAA products may be subject to market and other risk factors.

³ Pensions & Investments, May 30, 2016. Rankings based on institutional tax-exempt assets under management as of December 31, 2015, reported by each responding asset manager.

⁴ Morningstar ratings are based on the institutional share class for each mutual fund and include U.S. open-end mutual funds. The top 10% of funds in an investment category receive five stars, the next 22.5% receive four stars and the next 35% receive three stars. Morningstar proprietary ratings reflect historical risk-adjusted performance and can change every month. They are calculated from the fund’s three-, five- and ten-year average annual returns in excess of 90-day Treasury bill returns with appropriate fee adjustments, and a risk factor that reflects fund performance below 90-day T-bill returns. The overall star ratings are Morningstar’s published ratings, which are weighted averages of its three-, five- and ten-year ratings for periods ended June 30, 2018 . Morningstar is an independent service that rates mutual funds. Past performance cannot guarantee future results. For current performance and rankings, please visit TIAA.org/public/investment-performance.

⁵ Reviews.com ranked TIAA Life's level term suite of products No. 1 out of 67 life insurance companies in their article titled, "The Best Term Life Insurance” and No. 1 out of 63 life insurance companies in their article titled, "4 Best Cheap Life Insurance Companies.”

⁶ Plan Sponsor conducted the survey between early June and mid-September 2016 by sending out approximately 40,000 survey questionnaires to defined contribution plan sponsors. Awards were given to the top quartile in each category. The awards reflect service levels, not the performance of TIAA investment or insurance products.

⁷ Source: DALBAR, Inc. DALBAR’s WebMonitor program continuously analyzes financial services websites to evaluate their effectiveness in maximizing their online presence by incorporating content and functionality in a consistent, appealing, and user-friendly manner. DALBAR regularly publishes key findings of competitive intelligence and benchmarking data, spotlighting notable trends, best practices, and industry leaders. The participant site (TIAA.org) ranked number 1 (1Q18); the plan sponsor site, PlanFocus®, ranked number 1 (4Q17); the life insurance and annuity consumer public site ranked number 1 (1Q18); the mutual fund consumer site ranked number 4 (4Q17).

⁸ ASPPA Recordkeeping services certification validated September 2013. The ASPPA’s purpose is to educate retirement plan and benefits professionals and to preserve and enhance the private pension system. The certification program is run by CEFEX, which maintains complete independence during the registration decision process. CEFEX awards the ASPPA Recordkeeper Certificate to those firms that successfully satisfy the audit criteria and meet best practices.