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Short-Term Fund (STF) Performance History as of January 31, 2019

Performance data quoted represent past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Total return assumes reinvestment of dividends. During some periods, total return for the TIFF Short-Term Equity Fund would have been lower had certain expenses not been waived or reimbursed. Please note that passive indices such as those comprising the benchmarks against which the funds' net returns are compared do not incur expenses. Moreover, one cannot invest directly in an index. Current performance may be found by clicking here.

Index Descriptions

Short-Term Fund - Investments in debt securities typically decrease in value when interest rates rise although the risk is less for short-term debt securities than for longer-term debt securities.

The prospectus contains detailed information about risks associated with the TIFF mutual funds. Please read the prospectus carefully before investing. Mutual fund investing involves risk. Principal loss is possible. The mutual funds are distributed by Foreside Fund Services, LLC.
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