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Planning for lifetime income with growth potential and low costs
You can choose from our eight CREF Variable Annuity Accounts—all designed to help you create retirement income.*
How they work
Putting money in
- Through your employer’s retirement plan or your own IRA*
- With potential for upside growth1
Taking money out
- As a stream of lifetime income payments
- As scheduled withdrawals or in a lump sum
* For eligible participants only.
CREF Stock: the first variable annuity
The CREF Stock Account invests in equities of companies of all sizes, all around the world.
Proven track record
CREF Stock (R1 class) has averaged an annual return of nearly 9.84% since it began.*
First to market
CREF Stock was the first variable annuity offered in the world when it was launched in 1952.
Seasoned professionals oversee CREF Stock with a focus on long-term performance.
Today, millions of people rely on CREF Stock to build their investments and plan for lifetime income.
*As of 6/30/18. See latest CREF Stock performance. Past performance is no guarantee of future results.
More annuities to choose from
CREF Variable Annuity Accounts offer low-cost2 investment options that can be converted into lifetime income.
Invests in the broad U.S. equity market.1OBJECTIVE
The CREF Equity Index Account invests in a diversified portfolio of publicly traded U.S. stocks represented by a broad market index.GOOD IF YOU WANT:
- An account that invests in a broad range of U.S. company stocks
- An investment that tracks a broad U.S. equity benchmark
A low cost index approach to investing in the U.S. equity market.1 The Account is subject to market, company risk, index risk, large-cap risk and small- and mid-cap risk. Please consider all risks carefully prior to investing.
Invests broadly across global markets.1 OBJECTIVE The CREF Global Equities Account invests globally in companies of all sizes.GOOD IF YOU WANT:
- An account that invests broadly in companies across markets worldwide
- A diversified global equity investment
1 The CREF Global Equities account invests in securities that involve certain risks, including currency fluctuations and controls, restrictions on foreign investments, less governmental supervision and regulation, less liquidity and the potential for market volatility and politicial instability. In addition, investing in emerging markets may involve a relatively higher degree of volatility.
- Leverages TIAA’s long history of experience investing in international markets, which dates back to 1973
- A core equity investment that complements TIAA Traditional, our flagship guaranteed fixed annuity
Invests in stocks with a focus on innovation and growth.1OBJECTIVE The CREF Growth Account invests in large, established companies, with innovative solutions that enhance earnings or cash flow prospects.GOOD IF YOU WANT:
- An account with long-term growth potential
- To invest in market-leading companies with potential for sustained above-average growth
- A diversified approach to large-cap growth investing
QUICK FACTS Morningstar top quintile (top 20%) risk-adjusted returns and overall 4-Star rating over 3-,5- and 10-year periods ending 8/31/2018 (among 1,251, 1,124, and 812 funds, respectively).21 The CREF Growth Account is subject to equity market risk and style risk.
2 Source: Morningstar Direct, as of 8/31/2018. Morningstar sets the distribution of funds across the rating levels, assigning three-year star ratings as follows: All funds in the category are sorted by three-year MRAR % Rank in descending order. Starting with the highest MRAR % Rank, those funds with a rank that meets but does not exceed 10% receive a 5-star rating. Funds with a rank that meets but does not exceed 32.5% receive a 4-star rating. Funds with a rank that meets but does not exceed 67.5% receive a 3-star rating. Funds with a rank that meets but does not exceed 90% receive a 2-star rating. The remaining funds receive 1 star.
Invests in stocks and bonds with a social and global focus.1OBJECTIVE The Social Choice Account invests in a diversified portfolio of bonds and global stocks while giving special consideration to certain environmental, social and governance (“ESG”) factors.GOOD IF YOU WANT:
- An investment in U.S. fixed-income securities and global stocks with a social focus
- An investment in a diversified, long-term balanced portfolio
- Proactive investing in socially responsible companies that are suitable from a financial perspective
QUICK FACTS Early pioneer in socially responsible investing – since 1990.1 Because the social screens exclude some investments, the CREF Social Choice Account may not be able to take advantage of the same opportunities or market trends as accounts that do in a diversified portfolio of bonds and global stocks - this should have the risks associated with a bond and global stocks in it. The Account is subject to certain risks, such as market and investment-style risks across equity and fixed income securities. Please consider all risks carefully prior to investing. Because its social screens exclude some investments, the account may not be able to take advantage of the same opportunities or market trends as accounts that do not use such criteria. Investments in small- to medium-sized corporations are more vulnerable to financial risks and other risks than larger corporations and may involve a higher degree of price volatility than investments in the general equity markets.
Invests primarily in intermediate-term bonds.1OBJECTIVE The CREF Bond Market Account mainly invests in high-quality intermediate-term corporate and government fixed-income securities.GOOD IF YOU WANT:
QUICK FACTSCurrently ranked 3 stars overall based on risk-adjusted returns as of 8/31/2018 (901 funds). 21 Fixed-income securities like the CREF Bond Market and Inflation-linked Bond accounts are subject to interest-rate risk. When interest rates rise, the value of the fixed-income securities generally declines. Fixed-income funds are also subject to interest rate, inflation and credit risks.
- A core bond investment with broad diversification
- An investment with a focus on long-term stability
2 Morningstar: Morningstar sets the distribution of funds across the rating levels, assigning three-year star ratings as follows: All funds in the category are sorted by three-year MRAR % Rank in descending order. Starting with the highest MRAR % Rank, those funds with a rank that meets but does not exceed 10% receive a 5-star rating. Funds with a rank that meets but does not exceed 32.5% receive a 4-star rating. Funds with a rank that meets but does not exceed 67.5% receive a 3-star rating. Funds with a rank that meets but does not exceed 90% receive a 2-star rating. The remaining funds receive 1 star.
Invests in inflation-protected bonds.1OBJECTIVE The CREF Inflation-Linked Bond Account invests in fixed-income securities that seek to protect U.S. dollar investors from a loss of “real buying power” due to inflation.GOOD IF YOU WANT:
- Protection against inflation
- Pure exposure to U.S. inflation-indexed securities
- An investment in a low risk, fixed-income strategy
QUICK FACTS A pioneer in inflation-linked bond investments.1 Fixed-income securities like the CREF Bond Market and Inflation-linked Bond accounts are subject to interest-rate risk. When interest rates rise, the value of the fixed-income securities generally declines. Fixed-income funds are also subject to interest rate, inflation and credit risks.
Invests in high-quality, highly-liquid securities.1OBJECTIVE Invests in high-quality short-term securities that aim to preserve capital and provide income.GOOD IF YOU WANT:
- An account that seeks to preserve capital
- An investment that is suitable for a shorter time horizon
- An account that provides high current income
The Account is well diversified across liquid, high-quality securities, from Treasury bills and notes to government agency issues.1 You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
Investing through all market conditions
- We invented variable annuities and continue to lead with innovative thinking and low costs.2
- We remain faithful to our proven long-term investment approach, regardless of short-term trends.
Have questions about how to invest in CREF accounts? Call our consultants for personal advice at no additional cost to you.
Getting started with the CREF Accounts
How to get started if the CREF Accounts are available in your retirement plan.
Already with TIAA?
You can start investing in our CREF Accounts by updating your investment options online.
New to TIAA?
You can enroll to take full advantage of your employer’s retirement plan.
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