TIAA-CREF Tax-Exempt Bond Retail  TIXRX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni National Long Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   6.27 Yrs
   Avg Credit Quality
   A
As of 2009-09-30
Day Change
$ 0.01
  
NAV (2009-11-20)
$ 10.40
  
YTD Return % (2009-11-20)
11.64%
  
Total Assets ($ mil)
261
View Data Definitions
  Performance    
Growth of $10,000 Fund: TIAA-CREF Tax-Exempt Bond Retail
(from 2006-03-31 to 2009-10-31) Category: Muni National Long
Index: BarCap Municipal TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2006-03-31 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 11.64 10.46 4.30 --- --- 4.51
+/- Category -4.55 -3.76 2.26 --- --- ---
+/- BarCap Municipal TR USD -0.50 -1.21 0.05 --- --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 12.36 12.55 4.79 --- --- 5.19
Month-End (as of 2009-10-31) 10.23 11.69 3.92 --- --- 4.51
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 11.66 3.91 --- --- ---
On Distribution & Sale of Shares --- 8.95 3.86 --- --- ---
Morningstar Rating --- --- --- --- ---
# of compared funds covered (3 yrs : out of 247 funds), (5 yrs : out of funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
General Obligations 21.78
Advance Refunded 5.81
State Appropriated Tobacco ---
Non-state Appropriated Tobacco 0.12
Education 8.91
Health 0.92
Housing 1.52
Industrial 7.89
Transportation 10.44
Utilities 3.29
Water/Sewer 15.43
Misc. Revenue 23.90
Bond Quality % of Bonds
AAA 7.1
AA 32.5
A 30.4
BBB 20.5
BB 4.8
B 0.0
Below B 0.7
Not Rated 3.9
 
Asset Allocation
% of Net Assets
Cash 2.2
Stocks 0.0
Bonds 97.8
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings Turnover % 50
Total Number of Bond Holdings 239 30 Day SEC Yield % 3.15
% of Assets in Top 10 Holdings 12.92 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
Tennessee Engy Acquisition C Gas Rev 5% 2016-09-01 4,500 4,646 1.78
Ohio St Solid Waste Disp Rev Solid 4.95% 2020-09-01 4,000 4,025 1.54
Port Seattle Wash Rev Rev Bds 5.5% 2017-09-01 3,150 3,622 1.39
PUERTO RICO PUB FIN CORP COMMONWEA 2027-08-01 3,405 3,550 1.36
Atlanta Ga Wtr & Waste Wtr Rev Wtr 5.5% 2014-11-01 3,130 3,415 1.31
Virginia College Bldg Auth 5% 2024-02-01 2,500 2,998 1.15
Chicago Ill Tran Auth 5.5% 2018-06-01 2,500 2,963 1.14
Texas St College S 5% 2018-08-01 2,760 2,940 1.13
Puerto Rico Pub Bldgs Auth 5% 2028-07-01 2,670 2,762 1.06
East Side Un High Sch Dist 5.25% 2023-02-01 2,500 2,755 1.06
Data through 2009-09-30
  Other Information
Fund Inception: 2006-03-31
Portfolio Manager  (Start Date)
Peter Scola  (2006-03-31)
Scola is a lead portfolio manager with Teachers Advisors, Inc. he joined in 1998.
Sales Charge %
(taken from prospectus dated 2009-08-01)
Front: None
Deferred: None
Expense Ratio % 0.39
based on net assets
(taken from annual report dated 2008-09-30)
Correspondence Information

730 Third Ave.
New York,  NY  10017
USA
Telephone:
800-223-1200
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.