TIAA-CREF Real Estate Securities Fund - …

1 TIAA-CREF real Estate Securities fund - institutional ClassRelease EstateInvestment Objective & StrategyFrom the investment's prospectusThe investment seeks to obtain a favorable long-term total return through both capital appreciation and current income, by investing primarily in equity Securities of companies principally engaged in or related to the real Estate industry. The fund invests at least 80% of its assets in the Securities of companies that are principally engaged in or related to the real Estate industry, including those that own significant real Estate assets. It may invest up to 15% of its assets in real Estate Securities of foreign issuers and up to 20% of its assets in equity and debt Securities of issuers that are not engaged in or related to the real Estate industry.

2 Past name(s) : TIAA-CREF Instl real Estate Sec and RiskVolatilityas of 06-30-18 LowModerateHighInvestmentCategoryRisk Measures as of 06-30-18 Port AvgRel S&P 500 Rel Cat3 Yr Std Yr RisksForeign Securities , Loss of Money, Not FDIC Insured, ActiveManagement, Issuer, Market/Market Volatility, Industry andSector Investing, Restricted/Illiquid Securities , Small Cap, Mid-Cap, real Estate /REIT SectorImportant InformationMorningstar Investment Profiles must be accompaniedby Morningstar Disclosure and Glossary. Funds or their affiliates may pay compensation to Voya affiliates offering a fund . Such compensation may be paid outof distribution, service and/or 12b-1 fees that are deducted fromthe fund 's assets, and/or may be paid directly by the fund 'saffiliates.

3 Any fees deducted from fund assets are discussed inthe fund 's prospectus and disclosed in the fund fact these fees are paid on an on-going basis, over timethese fees will increase the cost of your investment and maycost you more than paying other types of sales charges. Ifoffered through a retirement program, additional fees andexpenses may be charged under that program. NOT A FDIC INSURED. NOT INSURED BY ANY FEDERALGOVERNMENT AGENCY. NOT GUARANTEED BY THEINSTITUTION. MAY GO DOWN IN AnalysisComposition as of 05-31-18% Style Box as of 05-31-18% Mkt CapLargeMidSmallValue Blend 10 Holdings as of 05-31-18% AssetsSimon Property Group Tower Castle International Industrial Realty Properties Lifestyle Properties real Estate Equities Equity Sectors as of 05-31-18% Fundh Basic Consumer Financial real Communication Consumer Prosp Exp of fund assetsNet Prosp Exp of fund assetsManagement Fee(s) Inception Date10-01-02 Total fund Assets ($mil)2, Turnover Ratio % Family NameTIAA InvestmentsWaiver DataTypeExp.

4 Date%..Portfolio Manager(s)David Copp. Since Lee. Since Advisors the fund 's expense reimbursement arrangements, the fund 's investment adviser, Teachers Advisors, Inc., has contractuallyagreed to reimburse the fund for any Total Annual fund Operating Expenses (excluding interest, taxes, brokerage commissions orother transactional expenses, Acquired fund Fees and Expenses and extraordinary expenses) that exceed of average dailynet assets. These expense reimbursement arrangements will continue through at least July 31, 2016, unless changed with approvalof the Board of Trustees. 2018 Morningstar, Inc., Morningstar Investment Profiles 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) maynot be copied or distributed and (3) is not warranted to be accurate, complete or timely.

5 Neither Morningstar nor its content providers are responsible for any damages or losses arising from any useof information. Past performance is no guarantee of future performance. Visit our investment website at (7/18)CN0207-39981-0320D