TIAA-CREF International Opps Instl

The Fund seeks a favorable long-term total return, mainly through capital appreciation, primarily from equity securities of foreign issuers. It normally invests in equity securities of issuers in developed and emerging markets located around the world but outside of the United States. The Fund anticipates investing in a number of foreign markets, but at a minimum it will invest in at least three countries outside the United States. The Fund’s management team looks for companies of any capitalization size that it believes can demonstrate positive and sustainable structural change. Management also focuses on companies in the early stages of a structural growth opportunity driven by differentiated products and/or services that maintain strong barriers to entry, continue to outgrow peers and demonstrate accelerating top-line growth with margin expansion.