0000930413-15-004395.txt : 20151123 0000930413-15-004395.hdr.sgml : 20151123 20151123074132 ACCESSION NUMBER: 0000930413-15-004395 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20151123 DATE AS OF CHANGE: 20151123 EFFECTIVENESS DATE: 20151123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLLEGE RETIREMENT EQUITIES FUND CENTRAL INDEX KEY: 0000777535 IRS NUMBER: 136022042 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-00480 FILM NUMBER: 151248331 BUSINESS ADDRESS: STREET 1: 730 THIRD AVE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2129164905 MAIL ADDRESS: STREET 1: 730 THIRD AVE CITY: NEW YORK STATE: NY ZIP: 10017

0000777535 S000005085 Inflation-Linked Bond Account

C000154488 Class R1 QCILRX

C000154489 Class R2 QCILPX

C000154490 Class R3 QCILIX

497 1 c82959_497.htm

COLLEGE RETIREMENT EQUITIES FUND (CREF)

SUPPLEMENT NO. 1
dated November 23, 2015
to the Prospectus dated April 24, 2015

CREF Inflation-Linked Bond Account

Effective April 1, 2016, the Inflation-Linked Bond Account’s benchmark index will change from the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) to the Barclays U.S. Treasury Inflation Protected Securities (TIPS) 1–10 Year Index. Therefore, the second full paragraph set forth on page 30 of the Prospectus should be replaced in its entirety with the following:

“Effective April 1, 2016, the Account’s benchmark index will change from the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the “Barclays TIPS Index”) to the Barclays U.S. Treasury Inflation Protected Securities (TIPS) 1–10 Year Index (the “Barclays TIPS 1–10 Index”). See “More about benchmarks and other indices” below for additional information on benchmarks.”

Additionally, the following section should be added immediately after the section entitled “Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L)” on page 56 of the Prospectus:

“Barclays U.S. Treasury Inflation Protected Securities (TIPS) 1–10 Year Index

Effective April 1, 2016, the new benchmark index for the Inflation-Linked Bond Account will be the Barclays TIPS 1–10 Index. The Barclays TIPS 1–10 Index measures the return of fixed-income securities with fixed-rate coupon payments that adjust for inflation as measured by the CPI-U. To be selected for inclusion in the Barclays TIPS 1–10 Index, the securities must have a minimum maturity of 1 year and a maximum maturity of 9.9999 years, with a minimum par amount outstanding of $250 million.

The Inflation-Linked Bond Account is adopting the Barclays TIPS 1–10 Index as its new benchmark primarily because the average maturity of the former benchmark, the Barclays TIPS Index, has lengthened over time and the Barclays TIPS 1–10 Index is now more consistent with the Inflation-Linked Bond Account’s desired average maturity and the maturity of those accounts/funds within the Inflation-Linked Bond Account’s competitive universe.”

A15216 (11/15)

GRAPHIC 2 x1_c82959x1x1.jpg GRAPHIC begin 644 x1_c82959x1x1.jpg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