AMENDMENT TO THE AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT FOR TIAA- CREF FUNDS
Exhibit (d)(15)
AMENDMENT TO THE AMENDED AND RESTATED
INVESTMENT MANAGEMENT AGREEMENT FOR TIAA-CREF FUNDS
This AMENDMENT, dated August 1, 2021, to the Amended and Restated Investment Management Agreement (the “Agreement”), as amended, by and between the TIAA-CREF Funds (the “Trust”) and Teachers Advisors, LLC (“TAL”).
WHEREAS, the Board has approved certain changes to the management fee schedule of the TIAA-CREF Emerging Markets Equity Index Fund, the TIAA-CREF Bond Index Fund, and the TIAA-CREF Short-Term Bond Index Fund, each a series of the Trust, and wishes the Agreement to reflect such changes;
NOW, THEREFORE, in consideration of the promises and the mutual covenants herein contained, the Trust and TAL hereby agree to amend the Agreement as follows:
The existing Appendix A of the Agreement shall be replaced in its entirety with the attached updated Appendix A.
IN WITNESS WHEREOF, the Trust and TAL have caused this Amendment to be executed in their names and on their behalf by and through their duly authorized officers on the day and year first written above.
| TIAA-CREF FUNDS | |
| By: | |
| Title: | |
| TEACHERS ADVISORS, LLC | |
| By: | |
| Title: | |
APPENDIX A
(as of August 1, 2021)
International Equity Fund
Real Estate Securities Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| $0.0--$1.0 | 0.50% |
| Over $1.0--$2.0 | 0.47% |
| Over $2.0--$4.0 | 0.44% |
| Over $4.0--$7.0 | 0.41% |
| Over $7.0--$10.0 | 0.38% |
| Over $10.0 | 0.35% |
Growth & Income Fund
Large-Cap Growth Fund
Large-Cap Value Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| $0.0--$1.0 | 0.45% |
| Over $1.0--$2.0 | 0.42% |
| Over $2.0--$4.0 | 0.39% |
| Over $4.0--$7.0 | 0.36% |
| Over $7.0--$10.0 | 0.33% |
| Over $10.0 | 0.30% |
Mid-Cap Growth Fund
Mid-Cap Value Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| $0.0--$0.5 | 0.48% |
| Over $0.5--$0.75 | 0.46% |
| Over $0.75--$1.0 | 0.44% |
| Over $1.0--$2.0 | 0.41% |
| Over $2.0--$4.0 | 0.38% |
| Over $4.0--$7.0 | 0.35% |
| Over $7.0--$10.0 | 0.32% |
| Over $10.0 | 0.29% |
Quant Small-Cap Equity Fund
Quant Small/Mid-Cap Equity Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| $0.0--$0.5 | 0.46% |
| Over $0.5--$0.75 | 0.44% |
| Over $0.75--$1.0 | 0.42% |
| Over $1.0--$2.0 | 0.39% |
| Over $2.0--$4.0 | 0.36% |
| Over $4.0--$7.0 | 0.33% |
| Over $7.0--$10.0 | 0.30% |
| Over $10.0 | 0.27% |
Quant International Small-Cap Equity Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| $0.0--$1.0 | 0.65% |
| Over $1.0--$2.0 | 0.62% |
| Over $2.0--$4.0 | 0.59% |
| Over $4.0--$7.0 | 0.56% |
| Over $7.0--$10.0 | 0.53% |
| Over $10.0 | 0.50% |
Emerging Markets Equity Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| $0.0--$1.0 | 0.85% |
| Over $1.0--$2.0 | 0.82% |
| Over $2.0--$4.0 | 0.79% |
| Over $4.0--$7.0 | 0.76% |
| Over $7.0--$10.0 | 0.73% |
| Over $10.0 | 0.70% |
International Opportunities Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| $0.0--$1.0 | 0.60% |
| Over $1.0--$2.0 | 0.57% |
| Over $2.0--$4.0 | 0.54% |
| Over $4.0--$7.0 | 0.51% |
| Over $7.0--$10.0 | 0.48% |
| Over $10.0 | 0.45% |
Large-Cap Growth Index Fund
Large-Cap Value Index Fund
Equity Index Fund
S&P 500 Index Fund
Small-Cap Blend Index Fund
International Equity Index Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| All Assets | 0.04% |
Emerging Markets Equity Index Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| All Assets | 0.12% |
Quant Large-Cap Growth Fund
Quant Large-Cap Value Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| $0.0--$1.0 | 0.35% |
| Over $1.0--$2.0 | 0.30% |
| Over $2.0--$4.0 | 0.25% |
| Over $4.0--$8.0 | 0.20% |
| Over $8.0 | 0.15% |
Quant International Equity Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| $0.0--$1.0 | 0.40% |
| Over $1.0--$2.0 | 0.35% |
| Over $2.0--$4.0 | 0.30% |
| Over $4.0--$8.0 | 0.25% |
| Over $8.0 | 0.20% |
Social Choice Equity Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| All Assets | 0.15% |
Green Bond Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| $0.0--$1.0 | 0.40% |
| Over $1.0--$2.0 | 0.39% |
| Over $2.0--$4.0 | 0.38% |
| Over $4.0--$7.0 | 0.37% |
| Over $7.0--$10.0 | 0.36% |
| Over $10.0 | 0.35% |
Managed Allocation Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| All Assets | 0.00% |
Bond Fund
Bond Plus Fund
Short Duration Impact Bond Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| $0.0--$1.0 | 0.30% |
| Over $1.0--$2.0 | 0.29% |
| Over $2.0--$4.0 | 0.28% |
| Over $4.0--$7.0 | 0.27% |
| Over $7.0--$10.0 | 0.26% |
| Over $10.0 | 0.25% |
Short-Term Bond Fund
Inflation-Linked Bond Fund
5-15 Year Laddered Tax-Exempt Bond Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| $0.0--$1.0 | 0.25% |
| Over $1.0--$2.0 | 0.24% |
| Over $2.0--$4.0 | 0.23% |
| Over $4.0--$7.0 | 0.22% |
| Over $7.0--$10.0 | 0.21% |
| Over $10.0 | 0.20% |
High-Yield Fund
Social Choice Bond Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| $0.0--$1.0 | 0.35% |
| Over $1.0--$2.0 | 0.34% |
| Over $2.0--$4.0 | 0.33% |
| Over $4.0--$7.0 | 0.32% |
| Over $7.0--$10.0 | 0.31% |
| Over $10.0 | 0.30% |
Emerging Markets Debt Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| $0.0--$1.0 | 0.55% |
| Over $1.0--$2.0 | 0.53% |
| Over $2.0--$4.0 | 0.51% |
| Over $4.0--$7.0 | 0.49% |
| Over $7.0--$10.0 | 0.47% |
| Over $10.0 | 0.45% |
International Bond Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| $0.0--$1.0 | 0.50% |
| Over $1.0--$2.0 | 0.48% |
| Over $2.0--$4.0 | 0.46% |
| Over $4.0--$7.0 | 0.44% |
| Over $7.0--$10.0 | 0.42% |
| Over $10.0 | 0.40% |
Money Market Fund |
|
| Lifestyle Income Fund | Lifestyle Conservative Fund |
| Lifestyle Moderate Fund | Lifestyle Growth Fund |
| Lifestyle Aggressive Growth Fund |
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| All Assets | 0.10% |
Social Choice International Equity Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| $0.0--$1.0 | 0.30% |
| Over $1.0--$2.0 | 0.29% |
| Over $2.0--$4.0 | 0.28% |
| Over $4.0--$7.0 | 0.27% |
| Over $7.0--$10.0 | 0.26% |
| Over $10.0 | 0.25% |
Social Choice Low Carbon Equity Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| $0.0--$1.0 | 0.25% |
| Over $1.0--$2.0 | 0.24% |
| Over $2.0--$4.0 | 0.23% |
| Over $4.0--$7.0 | 0.22% |
| Over $7.0--$10.0 | 0.21% |
| Over $10.0 | 0.20% |
Bond Index Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| All Assets | 0.07% |
Short-Term Bond Index Fund
| Assets Under Management (Billions) | Fee Rate (average daily net assets) |
| All Assets | 0.06% |
