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TIAA fund changes (and sales charges)

rforno
in Fund Discussions

Saw this pop-up when I logged into my 403(b) this evening. A sales charge? In 2024? YHGTBKM....

Beginning May 1, 2024, all TC Funds and TCLF Funds will be rebranded Nuveen, the name of TIAA’s
global asset manager.

In addition, certain TC Fund share classes are being renamed to better align the rebranded fund family;
Retail, Advisor and Institutional share classes are being renamed. A sales load schedule (sales charge)
will also be added to the Retail share class for select TC Funds. Both these changes are effective May 6,
2024. Having all our mutual funds under one name means that you will be able to exchange between TC
Funds and Nuveen Funds, effective May 6, if the funds are available on your plan menu or through TIAA
or TC Life variable products. The ability to exchange between funds will also be available through the
brokerage window.

Additionally, updates have been made to the benchmark, investment objectives and/or investment policy
for certain TC Funds....

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