Investment objective & strategy
As of Feb. 26, 2026 · prospectusObjective. The Fund seeks a favorable long-term total return, mainly through capital appreciation, primarily from equity securities of foreign issuers.
Strategy. The Fund primarily invests in equity securities of issuers in developed and emerging markets located around the world but outside the United States. The Fund anticipates investing in a number of foreign markets, but at a minimum it will invest in at least three countries outside the United States. The Funds investment adviser, Teachers Advisors, LLC (Advisors), selects individual stocks, and lets the Funds country and regional asset allocations evolve from this stock selection. The Fund may invest in companies of all sizes. Advisors typically invests in companies that it believes can demonstrate positive and sustainable structural change. In addition, Advisors looks for companies in the early stages of a structural growth opportunity driven by differentiated products and/or services that … The Fund primarily invests in equity securities of issuers in developed and emerging markets located around the world but outside the United States. The Fund anticipates investing in a number of foreign markets, but at a minimum it will invest in at least three countries outside the United States. The Funds investment adviser, Teachers Advisors, LLC (Advisors), selects individual stocks, and lets the Funds country and regional asset allocations evolve from this stock selection. The Fund may invest in companies of all sizes. Advisors typically invests in companies that it believes can demonstrate positive and sustainable structural change. In addition, Advisors looks for companies in the early stages of a structural growth opportunity driven by differentiated products and/or services that maintain strong barriers to entry, continue to outgrow peers and demonstrate accelerating top-line growth with margin expansion. Advisors will typically invest in these types of companies when Advisors believes that their stock prices do not fully reflect the stocks potential value, based on current earnings, assets and long-term growth prospects. The Fund is actively managed; however, Advisors regularly reviews the Funds sector and country exposure against the Funds benchmark index, the MSCI ACWI (All Country World Index) ex USA Growth Index (the MSCI ACWI ex USA Growth Index), to seek to control risk. The Fund may purchase and sell futures, options, swaps and other equity derivatives to carry out the Funds investment strategies.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TSMC | TSMWF | $168.93M | 5.92% |
| TENCENT | — | $129.32M | 4.53% |
| ASML HOLDING NV | — | $117.18M | 4.11% |
| SAMSUNG ELECTRON | — | $98.35M | 3.45% |
| Hitachi Ltd. NPV | HTHIF | $68.42M | 2.40% |
| Schneider Electric SE EUR4.00 | SU FP | $62.16M | 2.18% |
| ROCHE HLDG-GENUS | — | $59.30M | 2.08% |
| DBS GRP. HLDGS. LTD | DBS SP | $57.03M | 2.00% |
| SONY GRP. CORP | SNEJF | $55.40M | 1.94% |
| LVMH MOET HENNE | — | $52.08M | 1.83% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Invesco V.I. International Growth Fund | 32% | 1.00% |
| Nuveen International Equity Fund · TIIEX, TRERX, TIERX, TREPX, TIEHX, TIEWX | 32% | 0.00% |
| Nuveen Life International Equity Fund · TLINX | 29% | 0.60% |
Advisers
| Firm | Role |
|---|---|
| Teachers Advisors, LLC | Adviser |
Footnotes
- Expense ratio as of February 26, 2026, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.