Public HTML RI reports - PRI reporting framework 2019

Select the services and funds you offer	% of asset under management (AUM) in ranges
Fund management	0% <10% 10-50% >50%
Fund of funds, manager of managers, sub-advised products	0% <10% 10-50% >50%
Other	0% <10% 10-50% >50%
Total 100%

Further options (may be selected in addition to the above)

Hedge funds

Fund of hedge funds

01.2. Additional information. [Optional]

TIAA Investments is a global asset manager focused on achieving the best-possible long-term risk-adjusted returns for its clients. Its investments in active, quantitative and index strategies span global fixed income, equity, real assets, alternatives, and responsible investment. As of December 31, 2018, TIAA Investments managed over $497 Billion on behalf of its clients.

TIAA Investments is an investment affiliate of Nuveen. Nuveen's mission is to help investors around the world succeed by delivering unmatched specialist knowledge across a full spectrum of outcome-based investment solutions. As of December 31, 2018, Nuveen managed over $930 Billion on behalf of its clients.

Our Parent Organization

Teachers Insurance and Annuity Association of America® (TIAA), the parent company of Nuveen, was founded in 1918 by the Carnegie Foundation to help meet the financial needs of individuals and institutions in the academic, research, medical and cultural fields. TIAA does this with a full array of financial products and services to help its participants and shareholders achieve lifetime financial security. Its clients expect TIAA to be stewards of their savings and to help provide for their financial security.

Today, TIAA is a Fortune 100 financial services organization and a leading private provider of retirement benefits nationwide, serving five million individuals and more than 16,000 institutions. We have combined assets under management of nearly $1 trillion (as of December 31, 2018), with a rich 100 year history of dedication to our customers.

OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United States

02.2. Indicate the number of countries in which you have offices (including your headquarters).

2-5

6-10

>10

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

471 FTE

02.4. Additional information. [Optional]

Across the enterprise, TIAA employs 21,194 employees. Nuveen, the asset management arm of TIAA, employs approximately 2,892 and TIAA Investments, the largest affiliate of Nuveen, employs approximately 471 employees.

2.2 - *Represents Country Offices only Legacy TIAA Investment Professionals plus the breakout for Other Asset Management Roles (Shared Services, Marketing, Sales, Client Services, Law, Legal, Operations, IT, and Others).

2.3 - *Represents only Legacy TIAA Investment Professionals; Breakout for Other Asset Management Roles (Shared Services, Marketing, Sales, Client Services, Law, Legal, Operations, IT, and Others). The Total for TIAA Legacy Investment Professionals plus Other Asset Management Roles is 2,158.

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

Yes

03.3. Additional information. [Optional]

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2018

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2

Total AUM
Total AUM	trillions	billions	millions	thousands	hundreds
Currency
Assets in USD
Assets in USD	trillions	billions	millions	thousands	hundreds

Not applicable as we are in the fund-raising process

04.4. Indicate the total assets at the end of your reporting year subject to an execution and/or advisory approach.

Not applicable as we do not have any assets under execution and/or advisory approach

04.5. Additional information. [Optional]

This report includes information on the TIAA General Account Social Impact Portfolio.

As of 2016, US Real Estate assets previously managed by TIAA Global Asset Management have been integrated into Nuveen Real Estate (formally known as TH Real Estate), a Nuveen investment affiliate which was initially formed via a joint venture between TIAA and Henderson Global Investors in 2014. Nuveen Real Estate is a standalone signatory; please refer to Nuveen Real Estate's PRI report for responsible investment activity related to property.

OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

as percentage breakdown

as broad ranges

	Internally managed (%)	Externally managed (%)
Listed equity	>50% 53.06	0 0
Fixed income	10-50% 44.63	0 0
Private equity	0 0	0 0
Property	0 0	0 0
Infrastructure	0 0	0 0
Commodities	0 0	0 0
Hedge funds	0 0	0 0
Fund of hedge funds	0 0	0 0
Forestry	0 0	0 0
Farmland	0 0	0 0
Inclusive finance	<10% 0.03	<10% 0.03
Cash	<10% 2.25	0 0
Money market instruments	0 0	0 0
Other (1), specify	0 0	0 0
Other (2), specify	0 0	0 0

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

Yes

06.5. Indicate whether your organisation uses fiduciary managers.

Yes, we use a fiduciary manager and our response to OO 5.1 is reflective of their management of our assets.

No, we do not use fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

Other = Private Equity

OO 07. Fixed income AUM breakdown

07.1. Provide to the nearest 5% the percentage breakdown of your Fixed Income AUM at the end of your reporting year, using the following categories.

Internally managed

27.4 SSA

9.7 Corporate (financial)

34.8 Corporate (non-financial)

28.1 Securitised

Total 100%

OO 08. Segregated mandates or pooled funds

New selection options have been added to this indicator. Please review your prefilled responses carefully.

Provide a breakdown of your organisation’s externally managed assets between segregated mandates and pooled funds or investments.

Asset class breakdown	Segregated mandate(s)	Pooled fund(s) or pooled investment(s)	Total of the asset class (each row adds up to 100%)
[m] Inclusive finance	0% <10% 10-50% >50 %	0% <10% 10-50% >50 %	100%

08.2. Additional information. [Optional]

OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

95.52 Developed Markets

4.06 Emerging Markets

0.42 Frontier Markets

0 Other Markets

Total 100% 100%

09.2. Additional information. [Optional]

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