Daily price and performance

The following tables show the returns of each Investment Option over the time period(s) indicated. For purposes of this discussion, each Enrollment Option in the Enrollment Year Investment table is considered a separate Investment Option. The tables below compare the average annual total return of an Investment Option (after deducting fees and expenses) to the returns of a benchmark.

For more detailed information, including standardized returns as of the most recent calendar quarter end, click on the name of an Investment Option.

For more information on Investment Options, fees and expenses, including cost examples, please read the Plan Description.

Effective May 12, 2023, the 2022/2023 Enrollment Option was merged into the In School Option and the 2040/2041 Enrollment Option was launched.

Daily as of February 26, 2024 Performance as of January 31, 2024
Investment Portfolio1 Unit Value Change $ Change % Year to Date 1 year 3 year 5 year 10 year Since Inception Inception Date
2040/2041 Enrollment Option $11.42 -0.03 -0.26% -0.09% N/A N/A N/A N/A 11.10% 5/12/2023
Benchmark 0.13% N/A N/A N/A N/A 12.01%  
2038/2039 Enrollment Option $10.67 -0.02 -0.19% -0.10% 10.65% N/A N/A N/A 1.46% 6/11/2021
Benchmark 0.12% 11.26% N/A N/A N/A 1.63%  
2036/2037 Enrollment Option $14.01 -0.04 -0.28% -0.07% 10.32% 4.76% N/A N/A 7.62% 10/25/2019
Benchmark 0.11% 10.84% 5.00% N/A N/A 7.60%  
2034/2035 Enrollment Option $13.77 -0.04 -0.29% -0.15% 9.87% 4.42% N/A N/A 7.23% 10/25/2019
Benchmark 0.09% 10.41% 4.68% N/A N/A 7.23%  
2032/2033 Enrollment Option $13.49 -0.03 -0.22% -0.15% 9.06% 3.94% N/A N/A 6.80% 10/25/2019
Benchmark 0.07% 9.63% 4.20% N/A N/A 6.81%  
2030/2031 Enrollment Option $13.04 -0.03 -0.23% -0.08% 7.97% 3.29% N/A N/A 6.09% 10/25/2019
Benchmark 0.07% 8.60% 3.57% N/A N/A 6.11%  
2028/2029 Enrollment Option $12.55 -0.02 -0.16% 0.00% 6.97% 2.60% N/A N/A 5.23% 10/25/2019
Benchmark 0.08% 7.68% 2.92% N/A N/A 5.25%  
2026/2027 Enrollment Option $12.10 -0.02 -0.17% 0.00% 5.80% 1.93% N/A N/A 4.43% 10/25/2019
Benchmark 0.13% 6.80% 2.33% N/A N/A 4.52%  
2024/2025 Enrollment Option $11.74 -0.01 -0.09% 0.09% 4.37% 1.44% N/A N/A 3.73% 10/25/2019
Benchmark 0.22% 6.15% 2.06% N/A N/A 3.93%  
In School Option $11.29 0.00 0.00% 0.09% 4.07% 1.43% N/A N/A 2.80% 10/25/2019
Benchmark 0.25% 5.85% 1.86% N/A N/A 2.73%  

Footnotes

  1. 1Although the Plan Manager Fee and the Minnesota Administrative Fee are deducted from an Investment Option, not from your Account, each Account in the Investment Option indirectly bears its pro rata share of the Plan Manager Fee and the Minnesota Administrative Fee as these fees reduce the Investment Option’s return.

Daily as of February 26, 2024 Performance as of January 31, 2024
Investment Portfolio1 Unit Value Change $ Change % Year to Date 1 year 3 year 5 year 10 year Since Inception Inception Date
Aggressive Allocation Option $20.42 -0.06 -0.29% -0.10% 10.83% 5.01% 8.69% N/A 7.52% 8/12/2014
Benchmark 0.13% 11.49% 5.32% 8.77% N/A 7.53%  
Moderate Allocation Option $25.02 -0.06 -0.24% -0.12% 8.86% 3.38% 7.11% 6.47% 5.60% 8/2/2007
Benchmark 0.08% 9.46% 3.66% 7.15% 6.58% 6.09%  
Conservative Allocation Option $14.40 -0.02 -0.14% 0.00% 5.84% 1.76% 4.43% N/A 3.86% 8/18/2014
Benchmark 0.13% 6.99% 2.16% 4.65% N/A 4.02%  
International Equity Index Option $16.84 -0.01 -0.06% -1.03% 6.19% 2.43% 5.75% 4.42% 4.70% 6/18/2013
Benchmark -0.47% 7.37% 2.15% 5.81% 4.47% 4.83%  
U.S. and International Equity Option $52.49 -0.16 -0.30% -0.10% 12.81% 6.61% 10.30% 9.22% 7.53% 10/1/2001
Benchmark 0.19% 13.51% 6.94% 10.32% 9.26% 8.20%  
Equity and Interest Accumulation Option $18.66 -0.02 -0.11% 0.72% 10.49% 5.49% 7.71% N/A 6.55% 8/18/2014
Benchmark 0.79% 12.32% 6.10% 8.08% N/A 6.71%  
100% Fixed-Income Option $15.66 -0.02 -0.13% -0.06% 3.12% -1.69% 1.60% 1.86% 2.84% 8/16/2007
Benchmark -0.09% 3.36% -1.56% 1.83% 2.14% 3.36%  

Footnotes

  1. 1Although the Plan Manager Fee and the Minnesota Administrative Fee are deducted from an Investment Option, not from your Account, each Account in the Investment Option indirectly bears its pro rata share of the Plan Manager Fee and the Minnesota Administrative Fee as these fees reduce the Investment Option’s return.

Daily as of February 26, 2024 Performance as of January 31, 2024
Investment Portfolio1 Unit Value Change $ Change % Year to Date 1 year 3 year 5 year 10 year Since Inception Inception Date
U.S. Large Cap Equity Option $30.79 -0.12 -0.39% 1.66% 20.64% 10.82% 14.12% N/A 12.06% 8/12/2014
Benchmark 1.68% 20.82% 10.99% 14.30% N/A 12.18%  
Social Choice Option $11.75 0.00 0.00% 1.26% 15.89% N/A N/A N/A 4.50% 6/11/2021
Benchmark 1.11% 19.15% N/A N/A N/A 4.95%  
Money Market Option $11.53 0.00 0.00% 0.44% 5.03% 2.24% 1.78% 1.14% 0.86% 11/1/2007
Benchmark 0.42% 4.86% 2.16% 1.67% 1.05% 0.79%  

Footnotes

  1. 1Although the Plan Manager Fee and the Minnesota Administrative Fee are deducted from an Investment Option, not from your Account, each Account in the Investment Option indirectly bears its pro rata share of the Plan Manager Fee and the Minnesota Administrative Fee as these fees reduce the Investment Option’s return.

Daily as of February 26, 2024 Performance as of January 31, 2024
Investment Portfolio1 Unit Value Change $ Change % Year to Date 1 year 3 year 5 year 10 year Since Inception Inception Date
Principal Plus Interest Option* $16.79 +0.01 0.06% 0.24% 2.20% 1.62% 1.73% 1.59% 2.34% 10/1/2001
Benchmark 0.47% 5.36% 2.40% 1.97% 1.30% 1.45%  

Footnotes

  1. *The Principal Plus Interest Option seeks to preserve capital and provide stable return. The assets in the portfolio are allocated to a funding agreement issued by TIAA-CREF Life to the Board as the policyholder on behalf of the Plan under the agreement. This funding agreement provides for a return of principal plus a guaranteed rate of interest and allows for the possibility that additional interest may be credited as declared periodically by TIAA-CREF Life. The interest rate guarantee is made to the State of Minnesota only, and not to account owners or beneficiaries.
  2. 1Although the Plan Manager Fee and the Minnesota Administrative Fee are deducted from an Investment Option, not from your Account, each Account in the Investment Option indirectly bears its pro rata share of the Plan Manager Fee and the Minnesota Administrative Fee as these fees reduce the Investment Option’s return.
The performance data quoted represents past performance and are net of all fees and expenses. Past performance is not a guarantee of future results. Your returns and the principal value of your Account will fluctuate so your investment may be worth less than the original value when you withdraw your money. Current performance may be lower or higher than the performance quoted above. Investors cannot invest directly in a benchmark.