From the TIAA-CREF web site:
The Statements reflect the principles to which the TIAA-CREF investment companies aspire to conform, and which we intend to apply to other companies' funds that we offer to our customers.
While TIAA-CREF recognizes that there can be good faith differences of opinion about governing structures and practices, we believe our industry should take steps to demonstrate that investment companies operate for the benefit of shareholders (the funds' investors), that their pricing and costs are open to scrutiny, and that they treat all investors fairly regardless of account size.
The principles are not a recitation of law, but rather a set of measures reflecting ways in which funds can put shareholders' interests first.
See various Statements.
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