Morningstar Advisor - June/July 2012 - (Page 25)

TIAA-CREF mutual funds. High quality.1 Low cost. Open to everyone. Did you know all your clients can benefit from TIAA-CREF mutual funds2 and our over 90 years of investment expertise? Even if they’re not in the higher education or medical communities? Our mutual funds span across all asset classes to meet the diverse range of risk profiles and needs of all your clients. Put our funds to work for all your clients. Call our regional sales representative today at 800 719-1193 or visit tiaa-cref.org/everyone. 95% of our Retail Class mutual funds received a Morningstar overall rating of 3 or 4 stars across all asset classes. (As of March 31, 2012, 67% have 3 stars and 28% 4 stars.) Based on Morningstar data for share classes that have completed one calendar year of performance. Current rankings may be higher or lower on a monthly basis. Morningstar is an independent service that rates mutual funds and variable annuities. The top 10% of accounts 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 accounts’ 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 subaccount 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 March 31, 2012. 2 Retail Class mutual funds. 1 Consider the investment objectives, risks, charges and expenses carefully before investing. Visit tiaa-cref.org for a prospectus that contains this and other information. Read carefully before investing. Past performance is no guarantee of future results. Please note investing involves risk. Investment products are not FDIC insured, are not bank deposits or bank guaranteed and may lose value. TIAA-CREF Individual & Institutional Services, LLC, and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. ©2012 Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF), 730 Third Avenue, New York, NY 10017 C4491 http://www.tiaa-cref.org http://www.tiaa-cref.org/everyone http://www.tiaa-cref.org

Table of Contents for the Digital Edition of Morningstar Advisor - June/July 2012

Morningstar Advisor - June/July 2012
Contributors
Letter From the Editor
Be Worth Remarking About
How Important Is Stewardship?
From West Point to Points East
Where a Fund’s Secrets Lie
Getting Fund Directors on Board
Managers Prep for Housing Rebound
Four Picks for the Present
Investment Briefs
A Hedge Against Career Risk
Natural Gas Reaches Capitulation
Family Matters
How Good Stewardship Predicts Superior Performance
Stewardship Goes Back to the Fundamentals
On the Go for Fixed Income
Where Shareholders Ride First Class
Dangers Lurk in Exchange-Traded Notes
Stocks on Sale in a Strong Market
A Good Steward Is Easy to Find
Our Favorite Mutual Funds
50 Most Popular ETFs
Undervalued Stocks With Wide Moats
Buffett Rule’s Biggest Losers

Morningstar Advisor - June/July 2012