UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number File No. 811-09301

TIAA-CREF FUNDS

(Exact name of Registrant as specified in charter)

730 Third Avenue, New York, New York 10017-3206

(Address of Principal Executive Offices) (Zip code)

Stewart P. Greene, Esq.

c/o TIAA-CREF

730 Third Avenue

New York, New York 10017-3206

(Name and address of agent for service)

Registrant’s telephone number, including area code: 212-490-9000

Date of fiscal year end: March 31

Date of reporting period: June 30, 2012

Item 1. Schedule of Investments.

TIAA-CREF FUNDS – Real Estate Securities Fund

TIAA-CREF FUNDS
REAL ESTATE SECURITIES FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2012

SHARES			COMPANY	VALUE
COMMON STOCKS - 96.4%
DIVERSIFIED CAPITAL MARKETS - 0.5%
	430,000	*	HFF, Inc (Class A)	$	5,994,200
			TOTAL DIVERSIFIED CAPITAL MARKETS		5,994,200
DIVERSIFIED REAL ESTATE ACTIVITIES - 0.1%
	150,000		Wharf Holdings Ltd		834,143
			TOTAL DIVERSIFIED REAL ESTATE ACTIVITIES		834,143
DIVERSIFIED REITS - 5.4%
	550,000		iShares Dow Jones US Real Estate Index Fund		35,183,500
	500,000		NRDC Acquisition Corp		6,030,000
	240,000		Vornado Realty Trust		20,155,200
			TOTAL DIVERSIFIED REIT’S		61,368,700
INDUSTRIAL REITS - 3.8%
	870,000		AMB Property Corp		28,910,100
	210,000		EastGroup Properties, Inc		11,193,000
	2,000,000	*	Global Logistic Properties		3,329,521
			TOTAL INDUSTRIAL REIT’S		43,432,621
MORTGAGE REITS - 0.6%
	370,000		Annaly Capital Management, Inc		6,208,600
			TOTAL MORTGAGE REIT’S		6,208,600
OFFICE REITS - 9.3%
	500,000	d	Boston Properties, Inc		54,185,000
	240,000		Digital Realty Trust, Inc		18,016,800
	400,000		Mission West Properties, Inc		3,448,000
	370,000		SL Green Realty Corp		29,688,800
			TOTAL OFFICE REITS		105,338,600
OTHER DIVERSIFIED FINANCIAL SERVICES - 0.0%
	211,200	*,g,m	People’s Choice Financial Corp		–
			TOTAL OTHER DIVERSIFIED FINANCIAL SERVICES		–
REAL ESTATE OPERATING COMPANIES - 1.8%
	3,819,823	a	Thomas Properties Group, Inc		20,779,837
			TOTAL REAL ESTATE OPERATING COMPANIES		20,779,837
RESIDENTIAL REITS - 17.4%
	425,000		American Campus Communities, Inc		19,116,500
	370,000		AvalonBay Communities, Inc		52,347,600
	200,000		Equity Lifestyle Properties, Inc		13,794,000
	865,000		Equity Residential		53,941,400

1

TIAA-CREF FUNDS – Real Estate Securities Fund

SHARES			COMPANY	VALUE
	185,000		Home Properties, Inc	$	11,351,600
	280,000		Post Properties, Inc		13,706,000
	1,300,000		UDR, Inc		33,592,000
			TOTAL RESIDENTIAL REITS		197,849,100
RETAIL REITS - 24.2%
	1,575,000		DDR Corp		23,058,000
	350,000		Equity One, Inc		7,420,000
	359,606		Federal Realty Investment Trust		37,431,389
	750,000		General Growth Properties, Inc		13,567,500
	200,000		Macerich Co		11,810,000
	400,000		Regency Centers Corp		19,028,000
	779,900		Simon Property Group, Inc		121,399,234
	100,000		Tanger Factory Outlet Centers, Inc		3,205,000
	374,514		Taubman Centers, Inc		28,897,500
	980,000		Westfield Group		9,595,548
			TOTAL RETAIL REIT’S		275,412,171
SPECIALIZED REITS - 33.3%
	810,000		American Tower Corp		56,627,100
	175,000		Ashford Hospitality Trust, Inc		1,475,250
	625,000		CubeSmart		7,293,750
	884,259		DiamondRock Hospitality Co		9,019,443
	350,000		Entertainment Properties Trust		14,388,500
	350,000		Extra Space Storage, Inc		10,710,000
	300,000	*	FelCor Lodging Trust, Inc		1,410,000
	550,000		HCP, Inc		24,282,500
	750,000		Health Care REIT, Inc		43,725,000
	1,850,000		Hersha Hospitality Trust		9,768,000
	1,400,000		Host Marriott Corp		22,148,000
	360,000		Plum Creek Timber Co, Inc		14,292,000
	90,000		Potlatch Corp		2,874,600
	385,000		Public Storage, Inc		55,597,850
	180,000		Rayonier, Inc		8,082,000
	800,000	*	Strategic Hotels & Resorts, Inc		5,168,000
	800,000	*	Sunstone Hotel Investors, Inc		8,792,000
	880,000		Ventas, Inc		55,545,600
	1,200,000		Weyerhaeuser Co		26,832,000
			TOTAL SPECIALIZED REITS		378,031,593
			TOTAL COMMON STOCKS		1,095,249,565
			(Cost $938,953,186)

2

TIAA-CREF FUNDS – Real Estate Securities Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 1.8%
GOVERNMENT AGENCY DEBT - 0.9%
	$10,400,000	Federal Home Loan Bank (FHLB)	0.001	%	07/02/08	$	10,399,999
							10,399,999
TREASURY DEBT - 0.9%
	10,000,000	United States Treasury Bill	0.017		08/23/12		9,998,999
							9,998,999
		TOTAL SHORT-TERM INVESTMENTS					20,398,998
		(Cost $20,398,999)
		TOTAL INVESTMENTS - 98.2%					1,115,648,563
		(Cost $959,352,185)
		OTHER ASSETS & LIABILITIES, NET - 1.8%					20,283,400
		NET ASSETS - 100.0%				$	1,135,931,963

	Abbreviation(s):
	REIT    Real Estate Investment Trust
*	Non-income producing.
a	Affiliated holding.
d	All or a portion of these securities have been segregated by the custodian to cover requirements on open written options.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 06/30/2012, the aggregate value of these securities amounted to $0 or 0% of net assets.
m	Indicates a security that has been deemed illiquid.

3

TIAA-CREF FUNDS – Bond Fund

TIAA-CREF FUNDS
BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2012

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
BONDS - 98.9%
CORPORATE BONDS - 41.3%
AUTOMOBILES & COMPONENTS - 0.2%
	$1,868,000		Delphi Corp	5.875	%	05/15/19	$	1,994,090
	468,000		Ford Motor Co	7.450		07/16/31		586,170
	745,000	g	Hyundai Motor Manufacturer	4.500		04/15/15		783,307
			TOTAL AUTOMOBILES & COMPONENTS					3,363,567
BANKS - 6.2%
	1,495,000		Abbey National Treasury Services plc	4.000		04/27/16		1,473,070
	250,000	g	Banco Bradesco S.A.	4.500		01/12/17		260,450
	845,000	g	Banco de Bogota S.A.	5.000		01/15/17		891,475
	2,850,000	g	Banco de Credito del Peru	4.750		03/16/16		2,928,375
	600,000	g	Banco del Estado de Chile	3.875		02/08/22		610,291
	1,055,000		Banco do Brasil S.A.	3.875		01/23/17		1,081,375
	1,500,000	g	Banco do Brasil S.A.	5.875		01/26/22		1,539,450
	925,000	g	Banco Santander Chile	3.750		09/22/15		925,155
	1,635,000		BanColombia S.A.	5.950		06/03/21		1,745,363
	2,710,000		Bank of America Corp	4.875		01/15/13		2,754,837
	2,100,000		Bank of America Corp	3.750		07/12/16		2,117,081
	1,690,000		Bank of America Corp	5.300		03/15/17		1,759,510
	1,125,000		Bank of America Corp	6.000		09/01/17		1,214,084
	1,160,000		Bank of America Corp	5.750		12/01/17		1,237,947
	9,250,000		Bank of America Corp	5.700		01/24/22		10,186,969
	2,150,000		Bank of America Corp	5.875		02/07/42		2,355,067
	1,200,000		Bank of New York Mellon Corp	1.969		06/20/17		1,214,082
	2,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd	2.350		02/23/17		2,044,096
	845,000		BB&T Corp	3.850		07/27/27		846,781
	1,950,000	g	BBVA Bancomer S.A.	4.500		03/10/16		1,959,750
	890,000		Capital One Bank USA NA	8.800		07/15/19		1,120,823
	730,000		Capital One Capital V	8.875		05/15/40		741,863
	600,000		Capital One Financial Corp	3.150		07/15/16		621,360
	1,000,000		Citigroup, Inc	6.000		12/13/13		1,050,951
	1,615,000		Citigroup, Inc	5.000		09/15/14		1,655,483
	1,050,000		Citigroup, Inc	4.750		05/19/15		1,102,123
	800,000		Citigroup, Inc	3.953		06/15/16		819,726
	9,425,000		Citigroup, Inc	4.450		01/10/17		9,879,690
	730,000		Citigroup, Inc	6.125		05/15/18		815,099
	370,000		Citigroup, Inc	5.375		08/09/20		399,821
	5,200,000	h	Citigroup, Inc	4.500		01/14/22		5,370,841
	1,125,000		Citigroup, Inc	6.875		03/05/38		1,376,080
	565,000		Citigroup, Inc	8.125		07/15/39		753,990
	1,350,000		Citigroup, Inc	5.875		01/30/42		1,474,424
	1,050,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA	3.375		01/19/17		1,080,646
	10,335,000	g	Depfa ACS Bank	5.125		03/16/37		7,198,286

4

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$600,000		Deutsche Bank AG	3.875	%	08/18/14	$	624,671
	2,000,000		Deutsche Bank AG	3.250		01/11/16		2,058,292
	935,000		Discover Bank	7.000		04/15/20		1,088,219
	185,000		Golden West Financial Corp	4.750		10/01/12		186,797
	2,835,000	g	HSBC Bank plc	3.500		06/28/15		2,964,653
	1,320,000	g	HSBC Bank plc	4.125		08/12/20		1,375,836
	225,000	g,i	HSBC Capital Funding LP	4.610		12/30/49		212,583
	1,700,000		HSBC Holdings plc	4.000		03/30/22		1,765,277
	675,000		HSBC Holdings plc	6.500		09/15/37		748,900
	2,000,000	g	Hutchison Whampoa International 11 Ltd	4.625		01/13/22		2,096,544
	1,335,000	g	ICICI Bank Ltd	5.500		03/25/15		1,367,055
	1,500,000	g	ICICI Bank Ltd	4.750		11/25/16		1,486,530
	660,000		JP Morgan Chase Capital XXV	6.800		10/01/37		659,997
	895,000		JPMorgan Chase & Co	5.125		09/15/14		950,834
	2,000,000		JPMorgan Chase & Co	4.350		08/15/21		2,110,796
	925,000		JPMorgan Chase & Co	5.500		10/15/40		1,020,417
	4,500,000		JPMorgan Chase & Co	5.400		01/06/42		4,941,095
	3,150,000	g	Korea Exchange Bank	3.125		06/26/17		3,142,392
	470,000	i	Manufacturers & Traders Trust Co	5.629		12/01/21		469,410
	1,255,000		PNC Funding Corp	5.125		02/08/20		1,451,421
	700,000		PNC Funding Corp	3.300		03/08/22		713,863
	835,000	g,i	Rabobank Nederland NV	11.000		12/30/49		1,050,430
	1,300,000	g	Shinhan Bank	4.125		10/04/16		1,368,463
	670,000	g	Shinhan Bank	4.375		07/27/17		714,556
	1,000,000	g,i	Standard Chartered plc	6.409		12/30/49		950,000
	560,000	g	Sumitomo Mitsui Banking Corp	3.150		07/22/15		588,134
	2,970,000	g	Toronto-Dominion Bank	2.200		07/29/15		3,090,695
	310,000		Toronto-Dominion Bank	2.500		07/14/16		321,189
	5,000,000	g	Toronto-Dominion Bank	1.625		09/14/16		5,092,780
	1,750,000		Union Bank NA	2.125		06/16/17		1,750,320
	945,000		Union Bank of California NA	5.950		05/11/16		1,055,781
	1,550,000		UnionBanCal Corp	3.500		06/18/22		1,565,590
	2,500,000		US Bancorp	1.650		05/15/17		2,518,255
	285,000		USB Capital XIII Trust	6.625		12/15/39		287,328
	1,490,000		Wachovia Bank NA	5.850		02/01/37		1,724,452
	4,650,000		Wells Fargo & Co	1.500		07/01/15		4,653,515
	2,575,000		Wells Fargo & Co	2.100		05/08/17		2,580,755
	2,145,000		Westpac Banking Corp	3.000		08/04/15		2,221,875
			TOTAL BANKS					137,576,114
CAPITAL GOODS - 1.3%
	3,775,000		Caterpillar, Inc	0.950		06/26/15		3,788,949
	3,125,000		Caterpillar, Inc	1.500		06/26/17		3,129,328
	750,000		CRH America, Inc	4.125		01/15/16		762,406
	1,250,000		Deere & Co	2.600		06/08/22		1,247,814
	1,500,000		Deere & Co	3.900		06/09/42		1,490,254
	415,000		General Electric Co	5.250		12/06/17		484,613
	375,000		Harsco Corp	5.125		09/15/13		389,586
	468,000		Huntington Ingalls Industries, Inc	6.875		03/15/18		487,890
	1,291,000	g	Myriad International Holding BV	6.375		07/28/17		1,422,625
	3,500,000		Seagate HDD Cayman	7.750		12/15/18		3,871,875
	1,468,000	g	Sealed Air Corp	8.125		09/15/19		1,636,820

5

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,468,000	g	Sealed Air Corp	8.375	%	09/15/21	$	1,658,840
	2,700,000		Tomkins LLC	9.000		10/01/18		3,003,750
	605,000		Tyco International Finance S.A.	6.000		11/15/13		650,051
	345,000		Tyco International Finance S.A.	4.125		10/15/14		372,338
	1,975,000		United Technologies Corp	1.800		06/01/17		2,016,945
	1,050,000		United Technologies Corp	4.500		06/01/42		1,153,325
			TOTAL CAPITAL GOODS					27,567,409
COMMERCIAL & PROFESSIONAL SERVICES - 0.5%
	925,000	g,h	ADT Corp	3.500		07/15/22		928,104
	745,000	g	National Agricultural Cooperative Federation	4.250		01/28/16		784,519
	1,495,000		Republic Services, Inc	3.800		05/15/18		1,599,385
	2,400,000		Republic Services, Inc	3.550		06/01/22		2,425,942
	845,000		Republic Services, Inc	6.200		03/01/40		1,016,613
	1,500,000		Waste Management, Inc	2.600		09/01/16		1,539,261
	1,585,000		Waste Management, Inc	6.125		11/30/39		1,960,122
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES					10,253,946
CONSUMER DURABLES & APPAREL - 0.3%
	550,000	g	Grupo Aval Ltd	5.250		02/01/17		576,125
	2,870,000		Hanesbrands, Inc	6.375		12/15/20		3,020,675
	1,670,000		Phillips-Van Heusen Corp	7.375		05/15/20		1,849,525
	500,000		Xerox Corp	4.500		05/15/21		518,855
			TOTAL CONSUMER DURABLES & APPAREL					5,965,180
CONSUMER SERVICES - 0.8%
	900,000		Ameristar Casinos, Inc	7.500		04/15/21		963,000
	1,350,000		DineEquity, Inc	9.500		10/30/18		1,478,250
	6,850,000		GlaxoSmithKline Capital plc	0.750		05/08/15		6,849,219
	2,000,000		GlaxoSmithKline Capital plc	1.500		05/08/17		2,003,622
	1,775,000	g	SABMiller Holdings, Inc	3.750		01/15/22		1,887,629
	1,250,000	g	SABMiller Holdings, Inc	4.950		01/15/42		1,383,571
	2,800,000		Walt Disney Co	1.125		02/15/17		2,789,223
			TOTAL CONSUMER SERVICES					17,354,514
DIVERSIFIED FINANCIALS - 6.8%
	2,350,000	g	Ajecorp BV	6.500		05/14/22		2,414,625
	1,500,000		American Express Centurion Bank	6.000		09/13/17		1,771,473
	1,370,000		American Express Co	8.125		05/20/19		1,824,296
	2,975,000		American Express Credit Corp	1.750		06/12/15		3,008,790
	1,000,000		American Express Credit Corp	2.800		09/19/16		1,043,165
	1,425,000	g	Banco Mercantil del Norte S.A.	4.375		07/19/15		1,467,750
	1,490,000	g	Bangkok Bank PCL	4.800		10/18/20		1,519,503
	1,250,000		Bank of New York Mellon Corp	1.200		02/20/15		1,256,760
	2,950,000		Bank of New York Mellon Corp	2.300		07/28/16		3,043,754
	580,000		Bank of New York Mellon Corp	5.450		05/15/19		684,040
	6,800,000	g	Barclays Bank plc	2.250		05/10/17		6,799,599
	1,925,000		Berkshire Hathaway, Inc	1.900		01/31/17		1,963,073
	1,125,000		BlackRock, Inc	3.500		12/10/14		1,193,313
	1,400,000		BlackRock, Inc	4.250		05/24/21		1,531,008
	1,175,000		BlackRock, Inc	3.375		06/01/22		1,192,305
	4,600,000		Capital One Financial Corp	4.750		07/15/21		5,019,428

6

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,500,000		Credit Suisse	5.000	%	05/15/13	$	1,546,836
	1,420,000		Credit Suisse	5.500		05/01/14		1,505,406
	1,125,000		Credit Suisse	4.375		08/05/20		1,204,392
	1,775,000		Diageo Investment Corp	2.875		05/11/22		1,823,372
	600,000		Diageo Investment Corp	4.250		05/11/42		634,959
	1,600,000		Ford Motor Credit Co LLC	4.250		02/03/17		1,677,165
	800,000		Ford Motor Credit Co LLC	6.625		08/15/17		909,979
	1,675,000		Ford Motor Credit Co LLC	5.875		08/02/21		1,863,451
	465,000		General Electric Capital Corp	2.800		01/08/13		470,423
	3,865,000		General Electric Capital Corp	1.875		09/16/13		3,905,312
	2,765,000		General Electric Capital Corp	5.500		06/04/14		2,980,170
	9,000,000		General Electric Capital Corp	5.300		02/11/21		10,101,438
	2,325,000		General Electric Capital Corp	4.650		10/17/21		2,581,973
	810,000		General Electric Capital Corp	6.875		01/10/39		1,045,007
	990,000		Goldman Sachs Group, Inc	5.450		11/01/12		1,004,358
	3,960,000		Goldman Sachs Group, Inc	3.300		05/03/15		3,959,454
	1,025,000		Goldman Sachs Group, Inc	7.500		02/15/19		1,168,912
	7,600,000		Goldman Sachs Group, Inc	5.750		01/24/22		8,022,590
	135,000		Goldman Sachs Group, Inc	6.450		05/01/36		131,668
	335,000		Goldman Sachs Group, Inc	6.750		10/01/37		328,318
	1,500,000		Goldman Sachs Group, Inc	6.250		02/01/41		1,564,132
	3,875,000		HSBC Finance Corp	4.750		07/15/13		3,999,763
	448,000	g	Hyundai Capital America, Inc	3.750		04/06/16		464,596
	600,000	g	Hyundai Capital Services, Inc	4.375		07/27/16		630,586
	400,000	g	Hyundai Capital Services, Inc	3.500		09/13/17		403,374
	575,000	g	International Lease Finance Corp	6.500		09/01/14		606,625
	1,400,000	g	Inversiones CMPC S.A.	4.750		01/19/18		1,456,693
	1,100,000	g	Inversiones CMPC S.A.	4.500		04/25/22		1,088,764
	400,000		Jefferies Group, Inc	6.250		01/15/36		360,000
	3,725,000		John Deere Capital Corp	0.875		04/17/15		3,729,183
	1,250,000		John Deere Capital Corp	0.950		06/29/15		1,252,056
	2,000,000		John Deere Capital Corp	1.400		03/15/17		2,005,336
	7,550,000		John Deere Capital Corp	2.750		03/15/22		7,588,211
	2,000,000		KFW	2.625		01/25/22		2,062,582
	515,000		Landwirtschaftliche Rentenbank	5.250		07/02/12		515,000
	1,975,000		Landwirtschaftliche Rentenbank	5.125		02/01/17		2,312,919
	1,000,000	g	Lukoil International Finance BV	6.125		11/09/20		1,048,700
	1,500,000	g	Majapahit Holding BV	7.750		01/20/20		1,788,750
	802,000		MBNA Corp	6.125		03/01/13		823,844
	1,235,000		Merrill Lynch & Co, Inc	5.450		02/05/13		1,259,833
	1,565,000		Merrill Lynch & Co, Inc	6.400		08/28/17		1,702,329
	1,175,000		Merrill Lynch & Co, Inc	6.875		04/25/18		1,314,750
	3,000,000		Morgan Stanley	2.875		01/24/14		2,966,241
	655,000		Morgan Stanley	6.000		04/28/15		677,077
	1,250,000		Morgan Stanley	5.375		10/15/15		1,277,774
	1,695,000		Morgan Stanley	5.450		01/09/17		1,711,765
	4,650,000		Morgan Stanley	4.750		03/22/17		4,639,779
	720,000		Morgan Stanley	5.950		12/28/17		739,556
	1,090,000		Morgan Stanley	7.300		05/13/19		1,177,461
	555,000		Morgan Stanley	5.625		09/23/19		549,283
	630,000		NASDAQ OMX Group, Inc	4.000		01/15/15		651,377
	445,000		NASDAQ OMX Group, Inc	5.550		01/15/20		463,020

7

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$880,000		National Rural Utilities Cooperative Finance Corp	2.625	%	09/16/12	$	883,467
	1,065,000		National Rural Utilities Cooperative Finance Corp	5.500		07/01/13		1,117,582
	565,000		National Rural Utilities Cooperative Finance Corp	10.375		11/01/18		818,677
	1,850,000		Northern Trust Corp	4.625		05/01/14		1,979,622
	1,385,000	g	Odebrecht Finance Ltd	5.125		06/26/22		1,371,565
	900,000	g	Odebrecht Finance Ltd	7.125		06/26/42		895,500
	675,000	g	PTTEP Australia International Finance Pty Ltd	4.152		07/19/15		690,962
	925,000		State Street Corp	4.300		05/30/14		984,811
	1,250,000		Toyota Motor Credit Corp	2.050		01/12/17		1,277,671
	1,400,000	g	UBS AG.	1.875		01/23/15		1,413,996
	1,975,000		UBS AG.	4.875		08/04/20		2,110,133
	425,000		Waha Aerospace BV	3.925		07/28/20		442,856
	786,250	g	Waha Aerospace BV	3.925		07/28/20		819,284
			TOTAL DIVERSIFIED FINANCIALS					150,235,550
ENERGY - 5.1%
	1,275,000		Anadarko Petroleum Corp	5.950		09/15/16		1,446,842
	365,000		Anadarko Petroleum Corp	6.950		06/15/19		447,325
	625,000		Anadarko Petroleum Corp	6.450		09/15/36		722,581
	625,000		Apache Corp	1.750		04/15/17		637,370
	1,400,000		Apache Corp	3.250		04/15/22		1,461,897
	1,320,000		Apache Corp	4.750		04/15/43		1,466,220
	400,000		Baker Hughes, Inc	3.200		08/15/21		417,274
	1,715,000		Bill Barrett Corp	7.625		10/01/19		1,715,000
	5,400,000		BP Capital Markets plc	3.200		03/11/16		5,743,483
	3,500,000		BP Capital Markets plc	1.846		05/05/17		3,534,811
	3,500,000		BP Capital Markets plc	3.245		05/06/22		3,623,865
	468,000		Chesapeake Energy Corp	6.625		08/15/20		463,320
	1,400,000		Chesapeake Energy Corp	6.875		11/15/20		1,379,000
	1,540,000		Cimarex Energy Co	5.875		05/01/22		1,599,675
	1,500,000		Cloud Peak Energy Resources LLC	8.250		12/15/17		1,552,500
	1,050,000	g	CNOOC FINANCE 2012 Ltd	3.875		05/02/22		1,085,994
	450,000	g	CNOOC FINANCE 2012 Ltd	5.000		05/02/42		482,258
	1,400,000		ConocoPhillips	4.600		01/15/15		1,532,713
	1,140,000		ConocoPhillips	6.500		02/01/39		1,578,679
	2,875,000		Devon Energy Corp	1.875		05/15/17		2,875,506
	500,000		Devon Energy Corp	5.600		07/15/41		580,131
	725,000		Devon Energy Corp	4.750		05/15/42		760,780
	1,204,602		Dolphin Energy Ltd	5.888		06/15/19		1,319,039
	550,000	g	Dolphin Energy Ltd	5.500		12/15/21		612,590
	990,000	g	Empresa Nacional del Petroleo	6.250		07/08/19		1,124,320
	855,000	g	Empresa Nacional del Petroleo	4.750		12/06/21		893,276
	480,000		Enbridge Energy Partners LP	5.200		03/15/20		543,945
	875,000		Enterprise Products Operating LLC	4.600		08/01/12		877,535
	335,000		Enterprise Products Operating LLC	5.600		10/15/14		367,172
	170,000		Enterprise Products Operating LLC	5.000		03/01/15		185,691
	710,000		Enterprise Products Operating LLC	6.500		01/31/19		855,745
	615,000		Enterprise Products Operating LLC	6.125		10/15/39		696,686
	705,000		Enterprise Products Operating LLC	5.950		02/01/41		797,256
	300,000		Enterprise Products Operating LLC	5.700		02/15/42		331,903
	810,000		EOG Resources, Inc	4.100		02/01/21		898,867
	1,450,000	g	Gazprom OAO Via Gaz Capital S.A.	4.950		05/23/16		1,501,460

8

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$465,000		Hess Corp	8.125	%	02/15/19	$	598,541
	1,295,000		Hess Corp	5.600		02/15/41		1,374,207
	1,200,000		Marathon Petroleum Corp	3.500		03/01/16		1,257,888
	1,200,000		Newfield Exploration Co	5.750		01/30/22		1,254,000
	400,000		Newfield Exploration Co	5.625		07/01/24		409,000
	500,000		Noble Holding International Ltd	3.450		08/01/15		526,325
	1,320,000		Noble Holding International Ltd	4.900		08/01/20		1,433,470
	1,800,000		Noble Holding International Ltd	3.950		03/15/22		1,820,137
	1,580,000	g	Novatek Finance Ltd	6.604		02/03/21		1,720,620
	365,000		Pemex Project Funding Master Trust	5.750		03/01/18		412,450
	400,000		Pemex Project Funding Master Trust	6.625		06/15/35		476,000
	250,000		Pemex Project Funding Master Trust	6.625		06/15/38		297,500
	1,775,000	g	Pertamina Persero PT	4.875		05/03/22		1,779,437
	1,800,000	g	Pertamina Persero PT	6.000		05/03/42		1,782,000
	1,500,000	g	Pertamina PT	5.250		05/23/21		1,560,000
	1,210,000		Petrobras International Finance Co	7.875		03/15/19		1,471,779
	1,048,000		Petrobras International Finance Co	6.875		01/20/40		1,246,620
	1,640,000		Petrobras International Finance Co-Pifco	3.875		01/27/16		1,693,202
	1,800,000		Petrobras International Finance Co-Pifco	3.500		02/06/17		1,847,671
	925,000		Petroleos Mexicanos	4.875		03/15/15		997,844
	170,000		Petroleos Mexicanos	8.000		05/03/19		215,900
	925,000		Petroleos Mexicanos	6.000		03/05/20		1,069,762
	735,000		Petroleos Mexicanos	5.500		01/21/21		830,550
	1,000,000	g	Petroleos Mexicanos	4.875		01/24/22		1,080,000
	1,175,000	g	Petroleos Mexicanos	5.500		06/27/44		1,201,437
	1,315,000	g	Petroleum Co of Trinidad & Tobago Ltd	9.750		08/14/19		1,612,848
	1,425,000	g	Petronas Capital Ltd	5.250		08/12/19		1,637,536
	1,400,000	g	Phillips 66	1.950		03/05/15		1,410,026
	1,200,000	g	Phillips 66	4.300		04/01/22		1,262,361
	2,525,000		Plains All American Pipeline LP	3.650		06/01/22		2,578,447
	625,000		Precision Drilling Corp	6.500		12/15/21		637,500
	1,007,760		Ras Laffan Liquefied Natural Gas Co Ltd	5.298		09/30/20		1,103,497
	2,830,000	g	Reliance Holdings USA	4.500		10/19/20		2,659,589
	1,870,000	g	SandRidge Energy, Inc	8.000		06/01/18		1,893,375
	2,650,000	g	Schlumberger Investment S.A.	3.300		09/14/21		2,776,389
	4,500,000		Southwestern Energy Co	7.500		02/01/18		5,398,632
	415,000		Statoil ASA	2.900		10/15/14		435,246
	2,000,000		Total Capital International S.A.	1.500		02/17/17		2,007,920
	150,000		TransCanada Pipelines Ltd	4.000		06/15/13		154,735
	1,915,000		TransCanada Pipelines Ltd	7.690		06/30/16		2,288,953
	660,000		TransCanada Pipelines Ltd	5.850		03/15/36		826,193
	235,000		Vale Overseas Ltd	6.250		01/23/17		267,264
	4,450,000		Vale Overseas Ltd	4.375		01/11/22		4,531,537
	480,000		Vale Overseas Ltd	6.875		11/21/36		556,778
	970,000		Vale Overseas Ltd	6.875		11/10/39		1,133,326
	515,000		Valero Energy Corp	4.500		02/01/15		553,782
	1,500,000		WPX Energy, Inc	6.000		01/15/22		1,492,500
			TOTAL ENERGY					111,687,483
FOOD & STAPLES RETAILING - 0.4%
	500,000		CVS Caremark Corp	3.250		05/18/15		526,298
	1,750,000		CVS Caremark Corp	5.750		06/01/17		2,066,727

9

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$120,000		CVS Caremark Corp	6.600	%	03/15/19	$	149,647
	4,750,000		CVS Caremark Corp	4.125		05/15/21		5,197,792
	580,000		Delhaize Group S.A.	5.875		02/01/14		610,756
	565,000		Delhaize Group S.A.	6.500		06/15/17		627,757
	190,000		Kroger Co	5.000		04/15/13		195,771
			TOTAL FOOD & STAPLES RETAILING					9,374,748
FOOD, BEVERAGE & TOBACCO - 1.0%
	2,500,000		Anheuser-Busch InBev Worldwide, Inc	2.875		02/15/16		2,641,075
	1,040,000		Anheuser-Busch InBev Worldwide, Inc	5.375		01/15/20		1,239,286
	1,025,000	g	BRF-Brasil Foods S.A.	5.875		06/06/22		1,055,750
	1,000,000		Coca-Cola Co	0.750		03/13/15		1,002,020
	1,500,000		Diageo Capital plc	1.500		05/11/17		1,505,526
	650,000		General Mills, Inc	5.200		03/17/15		721,540
	2,380,000	g	Grupo Bimbo SAB de C.V.	4.500		01/25/22		2,531,837
	1,250,000		HJ Heinz Co	1.500		03/01/17		1,247,140
	505,000		Kraft Foods, Inc	6.125		02/01/18		605,150
	1,450,000		Kraft Foods, Inc	5.375		02/10/20		1,715,865
	1,060,000		Kraft Foods, Inc	6.500		02/09/40		1,361,665
	105,000		PepsiAmericas, Inc	4.375		02/15/14		111,090
	78,000		PepsiCo, Inc	7.900		11/01/18		104,208
	468,000	g	Pernod-Ricard S.A.	5.750		04/07/21		528,333
	1,125,000	g	Pernod-Ricard S.A.	4.450		01/15/22		1,165,671
	150,000	g	Pernod-Ricard S.A.	5.500		01/15/42		153,611
	565,000		Philip Morris International, Inc	4.875		05/16/13		585,947
	1,110,000		Philip Morris International, Inc	6.875		03/17/14		1,225,495
	200,000		Philip Morris International, Inc	6.375		05/16/38		267,555
	1,400,000		TreeHouse Foods, Inc	7.750		03/01/18		1,517,250
			TOTAL FOOD, BEVERAGE & TOBACCO					21,286,014
HEALTH CARE EQUIPMENT & SERVICES - 0.9%
	600,000		Becton Dickinson and Co	1.750		11/08/16		613,378
	630,000		Boston Scientific Corp	4.500		01/15/15		671,299
	1,500,000		Covidien International Finance S.A.	1.350		05/29/15		1,501,949
	750,000		Covidien International Finance S.A.	3.200		06/15/22		773,228
	1,904,000		Endo Pharmaceuticals Holdings, Inc	7.000		07/15/19		2,070,600
	3,821,000	g	Fresenius Medical Care Capital Trust	5.750		02/15/21		3,978,616
	1,000,000	g	Fresenius Medical Care II	5.625		07/31/19		1,042,500
	1,130,000	g	Fresenius Medical Care US Finance, Inc	6.500		09/15/18		1,228,875
	3,600,000		HCA, Inc	6.500		02/15/20		3,901,500
	1,403,000		HCA, Inc	7.875		02/15/20		1,557,330
	572,000		McKesson Corp	3.250		03/01/16		614,002
	395,000		Medtronic, Inc	4.750		09/15/15		443,389
	765,000		Quest Diagnostics, Inc	6.400		07/01/17		905,260
	960,000		Thermo Fisher Scientific, Inc	2.150		12/28/12		964,742
			TOTAL HEALTH CARE EQUIPMENT & SERVICES					20,266,668
HOUSEHOLD & PERSONAL PRODUCTS - 0.2%
	1,000,000		Clorox Co	3.800		11/15/21		1,042,413
	1,950,000		Colgate-Palmolive Co	2.300		05/03/22		1,961,959
	750,000		Ecolab, Inc	4.350		12/08/21		831,274
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS					3,835,646

10

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
INSURANCE - 1.6%
	$565,000		ACE INA Holdings, Inc	5.875	%	06/15/14	$	615,886
	310,000		Aetna, Inc	6.500		09/15/18		382,519
	285,000		Aetna, Inc	6.625		06/15/36		364,456
	775,000		Allstate Corp	7.450		05/16/19		992,448
	875,000		American Financial Group, Inc	9.875		06/15/19		1,098,883
	2,850,000		American International Group, Inc	3.650		01/15/14		2,911,047
	500,000		Chubb Corp	6.000		05/11/37		641,901
	235,000		CIGNA Corp	5.125		06/15/20		259,908
	2,000,000		CIGNA Corp	4.500		03/15/21		2,151,826
	1,125,000		Hartford Financial Services Group, Inc	4.000		03/30/15		1,179,864
	1,300,000		Hartford Financial Services Group, Inc	4.000		10/15/17		1,305,392
	1,225,000	g	Liberty Mutual Group, Inc	6.500		05/01/42		1,239,940
	1,275,000		Lincoln National Corp	7.000		06/15/40		1,503,857
	170,000		Metlife, Inc	5.000		06/15/15		186,898
	1,125,000		Metlife, Inc	6.750		06/01/16		1,319,174
	1,655,000		Metlife, Inc	5.700		06/15/35		1,961,921
	1,125,000	g	Principal Life Global Funding I	5.125		10/15/13		1,177,628
	1,500,000		Progressive Corp	3.750		08/23/21		1,619,127
	750,000		Prudential Financial, Inc	3.875		01/14/15		785,325
	630,000		Prudential Financial, Inc	7.375		06/15/19		768,902
	950,000		Prudential Financial, Inc	6.200		11/15/40		1,036,618
	1,190,000	g	Prudential Funding LLC	6.750		09/15/23		1,416,402
	615,000		Travelers Cos, Inc	5.800		05/15/18		742,833
	270,000		Unum Group	5.625		09/15/20		290,414
	500,000		WellPoint, Inc	5.875		06/15/17		589,718
	3,000,000		WellPoint, Inc	3.125		05/15/22		3,024,045
	435,000		WellPoint, Inc	5.850		01/15/36		514,961
	1,500,000		WellPoint, Inc	4.625		05/15/42		1,546,316
	3,350,000		Willis Group Holdings plc	4.125		03/15/16		3,502,130
	410,000		WR Berkley Corp	5.375		09/15/20		441,609
			TOTAL INSURANCE					35,571,948
MATERIALS - 2.1%
	170,000		Airgas, Inc	4.500		09/15/14		181,667
	1,410,000	g	Anglo American Capital plc	2.150		09/27/13		1,420,475
	1,050,000	g	Anglo American Capital plc	2.625		04/03/17		1,047,639
	1,505,000		AngloGold Ashanti Holdings plc	5.375		04/15/20		1,546,734
	310,000		ArcelorMittal	3.750		08/05/15		311,718
	750,000		ArcelorMittal	4.500		02/25/17		738,531
	1,775,000		ArcelorMittal	6.250		02/25/22		1,738,449
	468,000		Ball Corp	6.750		09/15/20		514,800
	1,750,000		Barrick Gold Corp	3.850		04/01/22		1,811,817
	1,850,000		Barrick North America Finance LLC	4.400		05/30/21		1,993,982
	3,375,000	g	Braskem Finance Ltd	5.375		05/02/22		3,391,875
	2,000,000		CF Industries, Inc	6.875		05/01/18		2,372,500
	750,000		Cliffs Natural Resources, Inc	6.250		10/01/40		736,546
	1,475,000	g	Corp Nacional del Cobre de Chile-CODELCO	3.750		11/04/20		1,538,255
	1,650,000	g	Corp Nacional del Cobre de Chile-CODELCO	3.875		11/03/21		1,735,610
	468,000		Crown Americas LLC	6.250		02/01/21		511,290
	1,000,000		Domtar Corp	4.400		04/01/22		979,747

11

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,094,000		Dow Chemical Co	4.125	%	11/15/21	$	1,173,428
	335,000		Eastman Chemical Co	5.500		11/15/19		382,332
	2,500,000		Freeport-McMoRan Copper & Gold, Inc	1.400		02/13/15		2,491,465
	468,000		Graphic Packaging International, Inc	9.500		06/15/17		514,800
	2,700,000		International Paper Co	4.750		02/15/22		2,947,153
	530,000		International Paper Co	7.300		11/15/39		661,714
	900,000		International Paper Co	6.000		11/15/41		1,014,678
	1,000,000	g	LyondellBasell Industries NV	5.000		04/15/19		1,048,750
	1,750,000	g	LyondellBasell Industries NV	6.000		11/15/21		1,920,625
	1,500,000		Newmont Mining Corp	3.500		03/15/22		1,480,497
	750,000		Newmont Mining Corp	4.875		03/15/42		731,324
	2,000,000		Praxair, Inc	2.450		02/15/22		1,972,922
	500,000		Rio Tinto Finance USA Ltd	2.250		09/20/16		516,869
	1,305,000	g	Sociedad Quimica y Minera de Chile S.A.	5.500		04/21/20		1,414,885
	1,870,000		Solutia, Inc	7.875		03/15/20		2,187,900
	2,300,000		Teck Resources Ltd	10.250		05/15/16		2,567,375
	275,000		Teck Resources Ltd	6.000		08/15/40		288,179
	750,000	g	Xstrata Canada Financial Corp	4.950		11/15/21		774,932
			TOTAL MATERIALS					46,661,463
MEDIA - 2.7%
	2,000,000		AMC Entertainment, Inc	8.750		06/01/19		2,145,000
	1,125,000		CBS Corp	1.950		07/01/17		1,123,875
	3,960,000		CCO Holdings LLC	6.625		01/31/22		4,237,200
	44,000		Comcast Cable Communications Holdings, Inc	8.375		03/15/13		46,377
	2,500,000	h	Comcast Corp	4.650		07/15/42		2,501,145
	1,150,000		DIRECTV Holdings LLC	2.400		03/15/17		1,157,573
	7,650,000		DIRECTV Holdings LLC	3.800		03/15/22		7,736,391
	2,500,000		DIRECTV Holdings LLC	5.150		03/15/42		2,516,122
	1,200,000		Discovery Communications LLC	3.300		05/15/22		1,211,064
	1,000,000		Discovery Communications LLC	4.950		05/15/42		1,043,641
	3,270,000	g	DISH DBS Corp	4.625		07/15/17		3,274,088
	1,000,000		Echostar DBS Corp	6.625		10/01/14		1,072,500
	4,650,000		Lamar Media Corp	9.750		04/01/14		5,208,000
	2,000,000		Lamar Media Corp	7.875		04/15/18		2,200,000
	775,000		NBC Universal Media LLC	5.150		04/30/20		889,755
	4,750,000		NBC Universal Media LLC	4.375		04/01/21		5,225,598
	695,000		News America, Inc	7.250		05/18/18		833,345
	110,000		News America, Inc	7.625		11/30/28		129,799
	85,000		News America, Inc	6.550		03/15/33		95,859
	730,000		News America, Inc	6.650		11/15/37		852,136
	600,000		News America, Inc	6.900		08/15/39		716,924
	965,000		Nielsen Finance LLC	7.750		10/15/18		1,068,738
	990,000		Time Warner Cable, Inc	8.750		02/14/19		1,316,278
	2,075,000		Time Warner Cable, Inc	8.250		04/01/19		2,711,398
	960,000		Time Warner, Inc	3.150		07/15/15		1,012,442
	4,000,000		Time Warner, Inc	4.700		01/15/21		4,457,304
	565,000		Time Warner, Inc	6.500		11/15/36		668,649
	525,000		Time Warner, Inc	4.900		06/15/42		532,690
	2,450,000		Viacom, Inc	1.250		02/27/15		2,456,101
	1,585,000		Viacom, Inc	2.500		12/15/16		1,641,049
			TOTAL MEDIA					60,081,041

12

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.8%
	$680,000		Abbott Laboratories	5.300	%	05/27/40	$	830,768
	6,405,000	g	Aristotle Holding, Inc	2.100		02/12/15		6,467,622
	1,775,000	g	Aristotle Holding, Inc	3.900		02/15/22		1,839,812
	480,000		Life Technologies Corp	3.500		01/15/16		499,723
	1,450,000		Mead Johnson Nutrition Co	5.900		11/01/39		1,791,832
	1,828,000	g	Mylan, Inc	7.875		07/15/20		2,049,645
	1,350,000		NBTY, Inc	9.000		10/01/18		1,491,750
	2,180,000		Novartis Capital Corp	2.900		04/24/15		2,306,337
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES					17,277,489
REAL ESTATE - 1.0%
	220,000		AMB Property LP	7.625		08/15/14		242,004
	345,000		AMB Property LP	4.500		08/15/17		360,662
	235,000		Brandywine Operating Partnership LP	7.500		05/15/15		260,948
	2,500,000		Brandywine Operating Partnership LP	4.950		04/15/18		2,560,217
	630,000		Camden Property Trust	4.625		06/15/21		676,955
	2,000,000		Developers Diversified Realty Corp	4.750		04/15/18		2,074,390
	40,000		Federal Realty Investment Trust	5.650		06/01/16		44,094
	75,000		Federal Realty Investment Trust	5.900		04/01/20		85,686
	2,175,000		Health Care REIT, Inc	3.625		03/15/16		2,235,880
	250,000		Health Care REIT, Inc	4.125		04/01/19		253,938
	500,000		Healthcare Realty Trust, Inc	5.750		01/15/21		527,188
	2,250,000		Highwoods Properties, Inc	5.850		03/15/17		2,414,356
	2,068,000		Host Hotels & Resorts LP	5.875		06/15/19		2,233,440
	290,000		Kilroy Realty Corp	5.000		11/03/15		308,663
	105,000		Kimco Realty Corp	5.700		05/01/17		116,287
	650,000		National Retail Properties, Inc	5.500		07/15/21		688,992
	55,000		Nationwide Health Properties, Inc	6.250		02/01/13		56,486
	350,000		Regency Centers LP	5.250		08/01/15		375,559
	40,000		Regency Centers LP	5.875		06/15/17		44,816
	105,000		Simon Property Group LP	5.250		12/01/16		118,012
	2,075,000		Simon Property Group LP	2.800		01/30/17		2,136,015
	470,000		Simon Property Group LP	10.350		04/01/19		659,319
	1,000,000		Simon Property Group LP	3.375		03/15/22		1,004,419
	650,000	g,i	USB Realty Corp	1.614		12/30/49		482,878
	340,000		Ventas Realty LP	3.125		11/30/15		346,150
	750,000		Ventas Realty LP	4.000		04/30/19		769,120
	350,000		Ventas Realty LP	4.250		03/01/22		352,422
	705,000		Washington Real Estate Investment Trust	4.950		10/01/20		749,538
			TOTAL REAL ESTATE					22,178,434
RETAILING - 1.3%
	1,870,000		AmeriGas Partners LP	6.250		08/20/19		1,879,350
	1,667,000		AutoNation, Inc	5.500		02/01/20		1,717,010
	350,000		Home Depot, Inc	4.400		04/01/21		403,981
	1,868,000		Limited Brands, Inc	6.625		04/01/21		2,040,790
	1,000,000		Macy’s Retail Holdings, Inc	5.900		12/01/16		1,152,660
	2,725,000		Macy’s Retail Holdings, Inc	3.875		01/15/22		2,864,992
	660,000		O’Reilly Automotive, Inc	4.625		09/15/21		689,742
	4,490,000	g	QVC Inc	7.375		10/15/20		4,972,675

13

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$2,400,000	g	QVC, Inc	7.500	%	10/01/19	$	2,664,000
	375,000	g	QVC, Inc	5.125		07/02/22		382,790
	600,000		Staples, Inc	9.750		01/15/14		670,625
	1,650,000		Target Corp	2.900		01/15/22		1,685,922
	705,000		Wal-Mart Stores, Inc	5.000		10/25/40		843,029
	4,750,000		Wal-Mart Stores, Inc	5.625		04/15/41		6,181,992
			TOTAL RETAILING					28,149,558
SOFTWARE & SERVICES - 0.5%
	1,800,000	g	Fidelity National Information Services, Inc	5.000		03/15/22		1,831,500
	4,000,000		International Business Machines Corp	0.550		02/06/15		3,974,044
	2,375,000		International Business Machines Corp	1.250		02/06/17		2,381,230
	630,000		Oracle Corp	3.750		07/08/14		668,957
	2,000,000		SunGard Data Systems, Inc	7.375		11/15/18		2,145,000
			TOTAL SOFTWARE & SERVICES					11,000,731
TECHNOLOGY HARDWARE & EQUIPMENT - 0.5%
	1,125,000		Amphenol Corp	4.750		11/15/14		1,210,412
	1,870,000		Brocade Communications Systems, Inc	6.875		01/15/20		2,024,275
	650,000		Hewlett-Packard Co	2.350		03/15/15		660,144
	1,868,000		Jabil Circuit, Inc	5.625		12/15/20		1,975,410
	1,185,000		L-3 Communications Corp	4.950		02/15/21		1,281,525
	1,900,000		Scientific Games Corp	8.125		09/15/18		2,037,750
	468,000		Scientific Games Corp	9.250		06/15/19		512,460
	450,000		Xerox Corp	8.250		05/15/14		501,763
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT					10,203,739
TELECOMMUNICATION SERVICES - 2.1%
	1,920,000		America Movil SAB de C.V.	5.000		03/30/20		2,180,436
	2,250,000		American Tower Corp	4.700		03/15/22		2,309,816
	2,635,000		AT&T, Inc	2.500		08/15/15		2,743,061
	6,000,000		AT&T, Inc	2.950		05/15/16		6,355,044
	620,000		AT&T, Inc	6.150		09/15/34		747,166
	1,700,000		AT&T, Inc	6.300		01/15/38		2,117,505
	1,500,000		Axiata SPV1 (Labuan) Ltd	5.375		04/28/20		1,628,934
	1,235,000		BellSouth Corp	5.200		09/15/14		1,344,016
	120,000		BellSouth Corp	6.875		10/15/31		145,816
	275,000		BellSouth Corp	6.550		06/15/34		322,960
	2,260,000		Cellco Partnership	8.500		11/15/18		3,092,550
	250,000	g	Deutsche Telekom International Finance BV	2.250		03/06/17		247,029
	630,000		Deutsche Telekom International Finance BV	8.750		06/15/30		874,461
	875,000	g	Deutsche Telekom International Finance BV	4.875		03/06/42		831,288
	2,760,000	g	Oi S.A.	5.750		02/10/22		2,812,440
	1,270,000	g	Qtel International Finance	4.750		02/16/21		1,352,550
	240,000		Sprint Nextel Corp	6.000		12/01/16		229,800
	680,000		Telecom Italia Capital S.A.	6.175		06/18/14		685,100
	660,000		Telecom Italia Capital S.A.	6.999		06/04/18		656,700
	1,945,000		Telecom Italia Capital S.A.	7.175		06/18/19		1,935,275
	2,500,000		Telefonica Emisiones SAU	3.992		02/16/16		2,234,942
	1,415,000	g	Telefonica Moviles Chile S.A.	2.875		11/09/15		1,422,252
	925,000		Telefonos de Mexico SAB de C.V.	5.500		11/15/19		1,076,025
	760,000		Verizon Communications, Inc	5.250		04/15/13		787,441

14

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,110,000		Verizon Communications, Inc	6.100	%	04/15/18	$	1,352,310
	425,000		Verizon Communications, Inc	8.750		11/01/18		584,181
	430,000		Verizon Communications, Inc	8.950		03/01/39		708,246
	445,000		Verizon New England, Inc	4.750		10/01/13		466,343
	335,000		Verizon Virginia, Inc	4.625		03/15/13		344,273
	1,300,000	g	Vimpelcom Holdings	6.255		03/01/17		1,243,060
	1,500,000	g	Vimpelcom Holdings	7.504		03/01/22		1,409,160
	828,000		Virgin Media Finance plc	9.500		08/15/16		923,220
	250,000		Virgin Media Finance plc	5.250		02/15/22		255,625
	1,000,000		Virgin Media Secured Finance plc	5.250		01/15/21		1,107,836
			TOTAL TELECOMMUNICATION SERVICES					46,526,861
TRANSPORTATION - 1.1%
	2,300,000		ABB Finance USA, Inc	2.875		05/08/22		2,326,579
	1,635,000	g	Asciano Finance	5.000		04/07/18		1,707,870
	1,500,000		Burlington Northern Santa Fe LLC	3.450		09/15/21		1,569,402
	1,500,000		Burlington Northern Santa Fe LLC	3.050		03/15/22		1,513,503
	1,400,000		Burlington Northern Santa Fe LLC	5.050		03/01/41		1,540,756
	1,000,000		Burlington Northern Santa Fe LLC	4.400		03/15/42		1,006,995
	1,000,000	g	DP World Ltd	6.850		07/02/37		982,500
	335,000		Embraer Overseas Ltd	6.375		01/15/20		372,688
	3,675,000		Embraer S.A.	5.150		06/15/22		3,772,387
	1,000,000		Hertz Corp	7.500		10/15/18		1,072,500
	1,390,000	g	Kazakhstan Temir Zholy Finance BV	6.375		10/06/20		1,529,000
	415,000		Norfolk Southern Corp	5.750		04/01/18		492,258
	1,100,000		Norfolk Southern Corp	3.000		04/01/22		1,112,702
	838,000		Norfolk Southern Corp	5.590		05/17/25		1,012,342
	1,275,000	g	TAM Capital 3, Inc	8.375		06/03/21		1,322,812
	1,900,000	g	Transnet Ltd	4.500		02/10/16		1,980,826
	148,000		Union Pacific Corp	4.163		07/15/22		164,885
	1,525,000		Union Pacific Corp	4.750		09/15/41		1,654,110
			TOTAL TRANSPORTATION					25,134,115
UTILITIES - 3.9%
	1,000,000	g	Abu Dhabi National Energy Co	6.250		09/16/19		1,146,250
	726,000	g	Abu Dhabi National Energy Co	5.875		12/13/21		803,138
	1,385,000	g	AES Corp	7.375		07/01/21		1,540,813
	610,000	g	AES Gener S.A.	5.250		08/15/21		644,792
	730,000		AGL Capital Corp	5.250		08/15/19		845,594
	1,285,000		Alliant Energy Corp	4.000		10/15/14		1,351,736
	775,000		Atmos Energy Corp	8.500		03/15/19		1,036,742
	2,805,000	g	Calpine Corp	7.500		02/15/21		3,029,400
	1,515,000		Carolina Power & Light Co	5.300		01/15/19		1,818,491
	225,000		Carolina Power & Light Co	5.700		04/01/35		281,481
	335,000		CenterPoint Energy Houston Electric LLC	7.000		03/01/14		368,992
	159,000		CenterPoint Energy Resources Corp	4.500		01/15/21		173,574
	660,000		CenterPoint Energy Resources Corp	6.250		02/01/37		759,819
	1,350,000	g	Centrais Eletricas Brasileiras S.A.	5.750		10/27/21		1,475,550
	2,000,000	g	CEZ AS.	4.250		04/03/22		2,049,140
	820,000	g	CEZ AS.	5.625		04/03/42		861,205
	550,000	g	China Resources Gas Group Ltd	4.500		04/05/22		562,929
	1,300,000	g	Colbun S.A.	6.000		01/21/20		1,397,731

15

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$3,550,000	g	Comision Federal de Electricidad	4.875	%	05/26/21	$	3,834,000
	675,000	g	Comision Federal de Electricidad	5.750		02/14/42		708,750
	1,850,000		Commonwealth Edison Co	4.000		08/01/20		2,057,404
	395,000		Commonwealth Edison Co	5.900		03/15/36		512,283
	415,000		Connecticut Light & Power Co	5.500		02/01/19		496,685
	275,000		Consolidated Edison Co of New York, Inc	4.450		06/15/20		316,841
	640,000		Consolidated Edison Co of New York, Inc	5.700		06/15/40		821,155
	225,000		Consolidated Natural Gas Co	5.000		12/01/14		244,282
	750,000		Detroit Edison Co	3.950		06/15/42		762,319
	650,000		Dominion Resources, Inc	4.900		08/01/41		734,600
	1,160,000		Duke Energy Carolinas LLC	5.750		11/15/13		1,238,121
	260,000		Duke Energy Carolinas LLC	4.300		06/15/20		297,354
	2,000,000		Duke Energy Corp	3.950		09/15/14		2,122,956
	335,000		Florida Power Corp	6.400		06/15/38		456,884
	1,410,000		FPL Group Capital, Inc	2.600		09/01/15		1,448,637
	630,000		Indiana Michigan Power Co	7.000		03/15/19		783,504
	765,000	g	Instituto Costarricense de Electricidad	6.950		11/10/21		784,523
	555,000		Integrys Energy Group, Inc	4.170		11/01/20		598,670
	1,150,000	g	Israel Electric Corp Ltd	6.700		02/10/17		1,191,541
	195,000	g	Kansas Gas & Electric	6.700		06/15/19		243,247
	125,000		Kinder Morgan Energy Partners LP	5.850		09/15/12		126,215
	1,000,000		Kinder Morgan Energy Partners LP	3.500		03/01/16		1,057,282
	775,000		Kinder Morgan Energy Partners LP	9.000		02/01/19		1,001,126
	1,955,000	g	Korea Hydro & Nuclear Power Co Ltd	3.125		09/16/15		1,997,541
	1,710,000	g	Korea Hydro & Nuclear Power Co Ltd	4.750		07/13/21		1,858,960
	4,030,000		LG&E and KU Energy LLC	3.750		11/15/20		4,128,824
	1,160,000		Midamerican Energy Holdings Co	5.950		05/15/37		1,438,796
	185,000		National Fuel Gas Co	5.250		03/01/13		189,764
	630,000		Nevada Power Co	6.500		08/01/18		780,312
	1,335,000		NiSource Finance Corp	5.400		07/15/14		1,438,709
	1,975,000		Northern States Power Co	5.350		11/01/39		2,450,892
	150,000		Oncor Electric Delivery Co LLC	7.250		01/15/33		185,095
	1,000,000	g	Oncor Electric Delivery Co LLC	4.550		12/01/41		952,164
	695,000		Pacific Gas & Electric Co	8.250		10/15/18		936,809
	900,000		Pacific Gas & Electric Co	4.450		04/15/42		944,754
	500,000		PacifiCorp	6.000		01/15/39		656,944
	885,000		Pepco Holdings, Inc	2.700		10/01/15		908,417
	2,700,000	g	Perusahaan Listrik Negara PT	5.500		11/22/21		2,821,500
	1,450,000		PG&E Corp	5.750		04/01/14		1,560,136
	135,000		Potomac Electric Power Co	7.900		12/15/38		220,218
	3,875,000		PPL Capital Funding, Inc	4.200		06/15/22		3,887,427
	1,000,000		PPL Electric Utilities Corp	3.000		09/15/21		1,035,821
	565,000		Progress Energy, Inc	7.050		03/15/19		710,233
	1,780,000		Public Service Co of Oklahoma	5.150		12/01/19		2,059,259
	440,000		Public Service Electric & Gas Co	5.300		05/01/18		522,849
	1,190,000		Public Service Electric & Gas Co	5.375		11/01/39		1,481,709
	1,500,000		QEP Resources, Inc	5.375		10/01/22		1,503,750
	468,000		Questar Market Resources, Inc	6.875		03/01/21		519,480
	970,000		San Diego Gas & Electric Co	3.950		11/15/41		1,020,865
	630,000		Sempra Energy	6.000		10/15/39		782,520
	450,000		Tampa Electric Co	4.100		06/15/42		453,319
	430,000		Veolia Environnement	5.250		06/03/13		443,859

16

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$850,000		Virginia Electric and Power Co	4.750	%	03/01/13	$	873,477
	845,000		Virginia Electric and Power Co	2.950		01/15/22		870,534
	1,875,000		Westar Energy, Inc	4.125		03/01/42		1,963,241
	480,000		Williams Partners LP	3.800		02/15/15		504,951
	850,000		Williams Partners LP	4.000		11/15/21		882,958
	940,000		Williams Partners LP	6.300		04/15/40		1,113,251
	650,000		Xcel Energy, Inc	4.800		09/15/41		727,360
			TOTAL UTILITIES					86,812,454
			TOTAL CORPORATE BONDS					908,364,672
			(Cost $867,439,509)
GOVERNMENT BONDS - 47.7%
AGENCY SECURITIES - 0.5%
	660,000		Federal National Mortgage Association (FNMA)	1.125		07/30/12		660,500
	5,477,635		AMAL Ltd	3.465		08/21/21		5,846,280
	962,351		Cal Dive I- Title XI, Inc	4.930		02/01/27		1,086,321
	660,467		Overseas Private Investment Corp	3.420		01/15/15		677,189
	2,707,426		Rowan Cos, Inc	3.158		07/15/21		2,875,178
	501,563		Totem Ocean Trailer Express, Inc	4.514		12/18/19		544,105
			TOTAL AGENCY SECURITIES					11,689,573
FOREIGN GOVERNMENT BONDS - 5.7%
	5,000	g	Bank of Montreal	2.850		06/09/15		5,291
	4,500,000	g	Bank of Montreal	2.625		01/25/16		4,750,385
	750,000	g	Barbados Government International Bond	7.000		08/04/22		757,500
	475,000		Brazilian Government International Bond	5.875		01/15/19		573,325
	1,844,000		Brazilian Government International Bond	4.875		01/22/21		2,132,586
	170,000		Brazilian Government International Bond	7.125		01/20/37		245,225
	1,970,000		Brazilian Government International Bond	5.625		01/07/41		2,416,205
	1,320,000	g	Caisse Centrale Desjardins du Quebec	2.550		03/24/16		1,389,239
	19,000,000	g	Caisse Centrale Desjardins du Quebec	1.600		03/06/17		19,212,990
	1,975,000	g	Canadian Imperial Bank of Commerce	2.600		07/02/15		2,077,185
	3,000,000	g	Canadian Imperial Bank of Commerce	2.750		01/27/16		3,183,984
	805,000		Chile Government International Bond	3.875		08/05/20		893,550
	890,000		Colombia Government International Bond	4.375		07/12/21		999,470
	800,000		Colombia Government International Bond	6.125		01/18/41		1,040,000
	950,000	g	Croatia Government International Bond	6.250		04/27/17		947,442
	1,000,000	g	Croatia Government International Bond	6.375		03/24/21		978,710
	1,135,000		Eksportfinans ASA	2.000		09/15/15		1,015,764
	1,164,000	g	Eskom Holdings Ltd	5.750		01/26/21		1,273,125
	395,000		European Investment Bank	4.875		02/15/36		458,275
	3,625,000		Export Development Canada	2.250		05/28/15		3,806,761
	279,000		Export-Import Bank of Korea	4.125		09/09/15		295,717
	2,000,000		Export-Import Bank of Korea	3.750		10/20/16		2,111,188
	1,425,000		Export-Import Bank of Korea	5.125		06/29/20		1,589,265
	1,965,000		Export-Import Bank of Korea	4.375		09/15/21		2,081,638
	300,000		Federative Republic of Brazil	6.000		01/17/17		353,400
	400,000	g	Guatemala Government Bond	5.750		06/06/22		416,000
	875,000		Hungary Government International Bond	6.375		03/29/21		852,250
	1,220,000	g	Iceland Government International Bond	5.875		05/11/22		1,183,133

17

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,000,000	g	Indonesia Government International Bond	3.750	%	04/25/22	$	997,500
	2,010,000		Israel Government International Bond	4.000		06/30/22		2,079,886
	845,000		Italy Government International Bond	5.375		06/12/17		836,817
	355,000		Italy Government International Bond	6.875		09/27/23		360,112
	1,210,000	g	Korea Housing Finance Corp	3.500		12/15/16		1,253,922
	1,000,000	g	Lithuania Government International Bond	5.125		09/14/17		1,055,000
	615,000	g	Lithuania Government International Bond	6.625		02/01/22		704,175
	13,000,000		Mexican Bonos	6.500		06/09/22		1,052,976
	3,000,000		Mexico Government International Bond	3.625		03/15/22		3,184,500
	500,000		Mexico Government International Bond	6.750		09/27/34		682,500
	1,000,000		Mexico Government International Bond	6.050		01/11/40		1,290,000
	900,000		Mexico Government International Bond	4.750		03/08/44		969,750
	800,000	g	Namibia International Bonds	5.500		11/03/21		832,000
	5,000,000	g	Nederlandse Waterschapsbank NV	2.125		02/09/17		5,047,120
	1,500,000		Panama Government International Bond	5.200		01/30/20		1,751,250
	100,000		Peruvian Government International Bond	7.125		03/30/19		128,500
	450,000		Peruvian Government International Bond	7.350		07/21/25		632,250
	500,000		Philippine Government International Bond	5.000		01/13/37		545,000
	1,500,000		Poland Government International Bond	3.875		07/16/15		1,583,700
	1,250,000		Poland Government International Bond	6.375		07/15/19		1,472,300
	2,833,000		Poland Government International Bond	5.125		04/21/21		3,131,881
	250,000		Poland Government International Bond	5.000		03/23/22		272,875
	1,320,000		Province of Manitoba Canada	2.125		04/22/13		1,338,739
	3,295,000		Province of Nova Scotia Canada	2.375		07/21/15		3,445,707
	1,975,000		Province of Ontario Canada	4.000		10/07/19		2,244,777
	3,955,000		Province of Quebec Canada	3.500		07/29/20		4,350,500
	620,000		Province of Quebec Canada	7.500		09/15/29		953,234
	1,390,000	g	Qatar Government International Bond	4.500		01/20/22		1,533,865
	620,000	g	Qatar Government International Bond	6.400		01/20/40		788,950
	700,000	g	Republic of El Salvador	7.750		01/24/23		772,450
	880,000	g	Republic of Ghana	8.500		10/04/17		974,600
	965,000		Republic of Hungary	6.250		01/29/20		940,383
	1,050,000	g	Republic of Indonesia	5.250		01/17/42		1,098,562
	925,000		Republic of Korea	5.750		04/16/14		996,123
	200,000		Republic of Philippines	4.000		01/15/21		215,250
	900,000		Republic of Turkey	6.000		01/14/41		947,250
	900,000	g	Romanian Government International Bond	6.750		02/07/22		938,250
	750,000	g	Russian Foreign Bond - Eurobond	3.625		04/29/15		775,852
	750,000	g	Russian Foreign Bond - Eurobond	3.250		04/04/17		754,680
	800,000	g	Russian Foreign Bond - Eurobond	5.000		04/29/20		870,000
	900,000	g	Russian Foreign Bond - Eurobond	4.500		04/04/22		942,849
	1,470,000	g	Russian Foreign Bond - Eurobond	5.625		04/04/42		1,572,606
	1,500,000	g	Slovakia Government International Bond	4.375		05/21/22		1,477,500
	240,000		South Africa Government International Bond	6.875		05/27/19		294,600
	1,175,000		South Africa Government International Bond	5.500		03/09/20		1,354,188
	1,000,000		South Africa Government International Bond	4.665		01/17/24		1,082,500
	500,000		South Africa Government International Bond	6.250		03/08/41		632,500
	540,000	g	Sri Lanka Government International Bond	6.250		07/27/21		543,158
	1,220,000		Svensk Exportkredit AB	5.125		03/01/17		1,403,253
	1,310,000		Turkey Government International Bond	5.125		03/25/22		1,364,037
	1,150,000		Turkey Government International Bond	6.250		09/26/22		1,302,375
	227,000		United Mexican States	5.875		02/17/14		243,230

18

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$500,000		United Mexican States	5.950	%	03/19/19	$	609,500
	1,032,000		United Mexican States	5.125		01/15/20		1,210,020
			TOTAL FOREIGN GOVERNMENT BONDS					124,875,105
MORTGAGE BACKED - 30.4%
	3,600,546		Federal Home Loan Mortgage Corp (FHLMC) (Interest Only)	4.000		06/15/34		248,667
	478,429	i	FHLMC	2.380		02/01/36		508,241
	184,083	i	FHLMC	2.732		07/01/36		196,818
	587,030	i	FHLMC	2.603		09/01/36		627,328
	461,849	i	FHLMC	2.605		09/01/36		490,059
	446,266	i	FHLMC	2.828		09/01/36		473,894
	1,129,712	i	FHLMC	2.835		03/01/37		1,207,150
	903,999	i	FHLMC	5.932		04/01/37		982,992
	373,185	i	FHLMC	5.758		05/01/37		403,586
	121,109	i	FHLMC	3.871		06/01/37		129,491
	617,227	i	FHLMC	4.946		08/01/37		654,529
	645,531	i	FHLMC	4.556		09/01/37		684,835
	2,589,885		FHLMC	5.500		08/01/39		2,860,219
	9,621,842	i	FHLMC (Interest Only)	6.318		09/15/41		2,361,033
	14,109		Federal Home Loan Mortgage Corp Gold (FGLMC)	7.500		01/01/16		14,381
	994		FGLMC	7.500		05/01/16		1,078
	1,363		FGLMC	7.500		06/01/16		1,469
	598,627		FGLMC	4.500		09/01/18		648,801
	689,377		FGLMC	4.500		01/01/19		750,604
	854,385		FGLMC	4.500		05/01/19		913,179
	283,025		FGLMC	4.500		01/01/20		302,501
	435,932		FGLMC	5.000		05/01/20		470,722
	107,550		FGLMC	4.500		07/01/20		116,343
	15,098		FGLMC	7.000		10/01/20		17,643
	1,369,086		FGLMC	4.500		06/01/21		1,462,443
	2,433,654		FGLMC	4.500		06/01/21		2,599,604
	998,785		FGLMC	4.000		07/01/24		1,056,124
	345,554		FGLMC	4.500		09/01/24		367,444
	3,000,000	h	FGLMC	5.000		07/15/27		3,205,898
	942		FGLMC	6.500		10/01/28		1,078
	16,444		FGLMC	6.500		01/01/29		18,814
	4,623		FGLMC	6.500		03/01/29		5,289
	36,181		FGLMC	6.500		07/01/29		41,395
	2,941		FGLMC	8.000		01/01/31		3,614
	30,651		FGLMC	6.500		09/01/31		34,915
	50,173		FGLMC	8.000		09/01/31		62,241
	298,764		FGLMC	7.000		12/01/31		355,960
	493,263		FGLMC	6.000		03/01/33		553,055
	525,395		FGLMC	4.500		07/01/33		562,504
	1,309,477		FGLMC	5.000		09/01/33		1,456,743
	505,074		FGLMC	5.500		09/01/33		563,160
	426,222		FGLMC	5.500		09/01/33		471,777
	562,643		FGLMC	5.500		09/01/33		622,778
	720,740		FGLMC	5.500		10/01/33		797,773
	1,579,908		FGLMC	5.500		12/01/33		1,733,463
	2,242,372		FGLMC	7.000		12/01/33		2,671,656
	776,217		FGLMC	5.000		01/01/34		839,862

19

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$902,598		FGLMC	5.000	%	05/01/34	$	975,619
	538,873		FGLMC	6.000		09/01/34		596,953
	2,483,097		FGLMC	5.000		12/01/34		2,683,980
	185,861		FGLMC	5.500		12/01/34		203,597
	1,290,678		FGLMC	4.500		04/01/35		1,381,839
	874,050		FGLMC	6.000		05/01/35		969,621
	909,403		FGLMC	7.000		05/01/35		1,083,501
	160,478		FGLMC	6.000		07/01/35		176,822
	116,491		FGLMC	5.500		08/01/35		127,437
	224,464		FGLMC	5.000		10/01/35		241,957
	274,271		FGLMC	5.000		02/01/36		295,645
	64,694		FGLMC	6.500		05/01/36		72,642
	444,323		FGLMC	6.500		10/01/36		498,910
	1,313,146		FGLMC	5.500		04/01/37		1,428,874
	889,122		FGLMC	6.000		08/01/37		985,174
	375,493		FGLMC	6.000		09/01/37		416,550
	72,676		FGLMC	6.500		11/01/37		81,604
	1,126,201		FGLMC	5.000		04/01/38		1,234,907
	2,511,262		FGLMC	4.500		05/01/39		2,683,141
	483,062		FGLMC	4.000		06/01/39		512,974
	807,971		FGLMC	5.000		07/01/39		868,538
	4,696,292		FGLMC	4.500		11/01/40		5,189,428
	5,251,820		FGLMC	4.500		12/01/40		5,780,312
	5,000,000	h	FGLMC	3.500		07/15/42		5,245,313
	5,000,000	h	FGLMC	4.000		07/15/42		5,305,469
	3,734		Federal National Mortgage Association (FNMA)	5.000		06/01/13		3,881
	1,176,564		FNMA	4.440		07/01/13		1,200,387
	1,914		FNMA	6.000		09/01/13		1,938
	1,132,534		FNMA	4.754		10/01/13		1,132,111
	1,610		FNMA	6.500		12/01/13		1,652
	912,470		FNMA	4.778		02/01/14		948,390
	3,463,954		FNMA	4.640		11/01/14		3,690,852
	677,940		FNMA	4.870		03/01/16		688,412
	11,201		FNMA	6.500		10/01/16		12,024
	85,972		FNMA	6.500		11/01/16		92,294
	60,056		FNMA	6.500		04/01/17		65,261
	188,104		FNMA	5.000		12/01/17		203,667
	874,778		FNMA	5.500		04/01/18		958,260
	79,681		FNMA	5.500		04/01/18		87,310
	49,020		FNMA	5.500		05/01/18		53,714
	341,481		FNMA	4.500		10/01/18		367,702
	877,991		FNMA	5.000		11/01/18		950,634
	46,352		FNMA	6.000		01/01/19		50,964
	107,848		FNMA	4.500		05/01/19		116,061
	277,356		FNMA	4.500		06/01/19		298,479
	193,769		FNMA	5.000		03/01/20		209,801
	137,380		FNMA	4.500		11/01/20		147,842
	356,272		FNMA	5.000		12/01/20		385,804
	307,486		FNMA	5.000		03/01/21		332,927
	239,113		FNMA	5.500		08/01/21		261,483
	252,935		FNMA	4.500		06/01/23		271,328
	561,269		FNMA	5.000		07/01/23		605,514

20

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$503,807		FNMA	5.000	%	07/01/23	$	543,523
	174,521		FNMA	5.000		11/01/23		191,871
	151,987		FNMA	5.500		02/01/24		167,471
	321,077		FNMA	4.000		05/01/24		341,667
	86,132		FNMA	5.500		07/01/24		94,799
	1,372		FNMA	8.000		07/01/24		1,643
	233,091		FNMA	4.500		08/01/24		250,005
	2,064,583		FNMA	4.000		09/01/24		2,196,979
	1,042,649		FNMA	5.000		03/01/25		1,144,353
	2,237,074		FNMA	5.000		10/01/25		2,446,897
	993,755	h	FNMA	3.000		05/01/27		1,050,837
	2,000,000	h	FNMA	3.000		07/25/27		2,095,312
	5,000,000	h	FNMA	4.000		07/25/27		5,317,188
	4,000,000	h	FNMA	4.500		07/25/27		4,286,875
	1,244		FNMA	7.500		01/01/29		1,496
	3,341		FNMA	6.500		04/01/29		3,841
	12,056		FNMA	7.500		07/01/29		12,578
	970		FNMA	7.500		07/01/29		973
	594		FNMA	7.500		02/01/31		632
	4,966		FNMA	7.500		03/01/31		6,065
	2,695		FNMA	7.500		05/01/31		2,953
	3,336		FNMA	6.500		09/01/31		3,819
	29,392		FNMA	6.500		11/01/31		33,643
	53,897		FNMA	6.000		01/01/32		60,739
	498,707		FNMA	6.500		07/01/32		570,847
	234,573		FNMA	5.500		01/01/33		258,032
	86,594		FNMA	5.000		02/01/33		94,228
	764,793		FNMA	4.500		03/25/33		802,653
	342,168		FNMA	5.000		08/01/33		372,336
	349,079		FNMA	5.000		10/01/33		379,857
	264,269		FNMA	5.000		10/01/33		287,569
	107,016		FNMA	5.000		03/01/34		116,451
	142,879		FNMA	5.000		03/01/34		155,477
	297,877		FNMA	5.000		03/01/34		324,140
	89,936		FNMA	5.000		03/01/34		97,865
	860,566		FNMA	5.000		04/01/34		935,902
	2,545,343		FNMA	5.000		08/01/34		2,763,958
	345,893		FNMA	6.000		11/01/34		386,038
	119,866		FNMA	6.000		12/01/34		134,377
	829,283		FNMA	6.000		05/01/35		923,976
	16,704		FNMA	7.500		06/01/35		18,552
	91,178		FNMA	5.500		10/01/35		101,114
	175,957		FNMA	5.000		11/01/35		189,656
	777,558	i	FNMA	2.696		02/01/36		829,315
	94,967		FNMA	5.000		02/01/36		101,708
	158,342		FNMA	5.000		02/01/36		169,581
	557,293		FNMA	6.500		02/01/36		632,161
	397,227	i	FNMA	2.385		07/01/36		417,219
	408,048		FNMA	6.500		09/01/36		463,632
	120,871		FNMA	7.000		02/01/37		140,679
	325,514		FNMA	6.500		03/01/37		369,855
	718,897		FNMA	7.000		04/01/37		836,711

21

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,046,471		FNMA	6.500	%	08/01/37	$	1,189,018
	287,909		FNMA	6.500		08/01/37		327,398
	538,947		FNMA	6.000		09/01/37		603,182
	650,111		FNMA	6.000		09/01/37		727,596
	935,594		FNMA	6.500		09/01/37		1,063,038
	1,366,180	i	FNMA	5.890		10/01/37		1,451,515
	282,285		FNMA	7.000		11/01/37		328,547
	132,112		FNMA	6.500		01/01/38		149,158
	19,131		FNMA	6.500		03/01/38		21,558
	360,224	i	FNMA	4.916		10/01/38		387,571
	71,210,737		FNMA	4.000		12/01/39		75,869,842
	5,000,000		FNMA	4.000		02/25/40		5,456,446
	4,880,131		FNMA	4.500		03/01/40		5,354,445
	5,428,503		FNMA	4.500		09/01/40		5,842,455
	9,547,102		FNMA	4.500		09/01/40		10,275,119
	841,403		FNMA	4.000		11/01/40		896,924
	4,634,738		FNMA	4.500		11/01/40		5,029,358
	34,823,199		FNMA	4.500		04/01/41		37,543,947
	5,000,000	h	FNMA	3.000		07/25/42		5,127,344
	86,000,000	h	FNMA	3.500		07/25/42		90,394,067
	5,000,000	h	FNMA	4.000		07/25/42		5,321,094
	20,000,000	h	FNMA	5.000		07/25/42		21,643,750
	81,000,000	h	FNMA	5.500		07/25/42		88,353,277
	41,000,000	h	FNMA	6.000		07/25/42		45,055,154
	10,000,000	h	FNMA	6.500		07/25/42		11,253,125
	199		Government National Mortgage Association (GNMA)	7.000		01/15/28		238
	1,896		GNMA	7.000		02/15/28		2,270
	1,537		GNMA	7.000		06/15/28		1,840
	1,887		GNMA	7.000		06/15/28		2,259
	21,333		GNMA	6.500		09/15/28		24,881
	5,002		GNMA	6.500		09/15/28		5,845
	10,356		GNMA	6.500		11/15/28		12,101
	3,431		GNMA	7.500		11/15/28		3,985
	613		GNMA	8.500		07/15/30		625
	19,189		GNMA	8.500		10/15/30		20,940
	13,552		GNMA	8.500		10/20/30		16,985
	2,131		GNMA	8.500		12/15/30		2,670
	3,260		GNMA	7.000		06/20/31		3,938
	2,123		GNMA	6.500		07/15/31		2,467
	11,326		GNMA	7.000		07/15/31		13,690
	7,610		GNMA	7.000		07/15/31		9,199
	10,060		GNMA	7.500		02/15/32		10,386
	1,839		GNMA	6.500		03/15/33		2,118
	329,088		GNMA	5.500		07/15/33		367,549
	858,717		GNMA	5.500		09/15/33		961,759
	270,658		GNMA	5.500		02/20/35		302,120
	1,808,084		GNMA	5.500		05/20/35		2,014,874
	636,859		GNMA	5.500		02/20/36		709,696
	107,537		GNMA	6.000		10/20/36		120,894
	112,477		GNMA	6.000		01/20/37		126,449
	369,348		GNMA	6.000		02/20/37		415,226
	233,083		GNMA	5.500		07/15/38		258,793

22

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$963,670		GNMA	5.500	%	07/20/38	$	1,070,271
	16,408		GNMA	6.000		08/15/38		18,440
	346,009		GNMA	6.000		08/20/38		388,069
	328,382		GNMA	6.500		11/20/38		375,905
	1,603,787		GNMA	5.000		06/15/39		1,776,125
	1,757,378		GNMA	4.500		07/20/39		1,936,980
	681,758		GNMA	4.000		08/15/39		746,888
	798,120		GNMA	4.000		10/15/40		875,677
	26,106,712		GNMA	4.000		01/20/42		28,590,646
	3,000,000	h	GNMA	3.500		07/15/42		3,208,594
	21,000,000	h	GNMA	4.500		07/15/42		22,958,905
	10,000,000	h	GNMA	5.000		07/15/42		11,003,125
	9,000,000	h	GNMA	5.500		07/15/42		9,985,781
	6,000,000	h	GNMA	6.000		07/15/42		6,735,937
	17,000,000	h	GNMA	4.500		07/20/42		18,686,718
	13,000,000	h	GNMA	5.000		07/20/42		14,356,875
	2,561,972		GNMA	6.500		01/15/44		2,808,707
			TOTAL MORTGAGE BACKED					670,465,068
MUNICIPAL BONDS - 1.0%
	445,000		Charlotte-Mecklenburg Hospital Authority	5.000		08/01/15		482,585
	9,920,000		City of New York, NY	5.817		10/01/31		11,134,307
	1,655,000		Grant County Public Utility District No 2	5.630		01/01/27		1,965,941
	1,900,000		State of California	5.450		04/01/15		2,101,685
	1,900,000		State of California	5.950		04/01/16		2,177,875
	2,470,000		State of California	7.625		03/01/40		3,193,315
			TOTAL MUNICIPAL BONDS					21,055,708
U.S. TREASURY SECURITIES - 10.1%
	24,625,000		United States Treasury Bond	5.375		02/15/31		35,883,255
	76,000		United States Treasury Bond	4.500		02/15/36		102,077
	11,252,000		United States Treasury Bond	3.125		02/15/42		12,085,346
	125,000		United States Treasury Note	0.125		08/31/13		124,790
	40,000		United States Treasury Note	0.250		10/31/13		39,981
	8,000,000		United States Treasury Note	0.125		12/31/13		7,978,752
	9,000,000		United States Treasury Note	0.250		02/28/14		8,990,856
	10,950,000		United States Treasury Note	0.250		05/31/14		10,936,312
	6,600,000		United States Treasury Note	0.250		06/30/14		6,591,750
	4,755,000		United States Treasury Note	2.625		06/30/14		4,972,689
	59,992,000		United States Treasury Note	0.375		06/15/15		59,940,467
	685,000		United States Treasury Note	0.625		05/31/17		681,843
	45,850,000		United States Treasury Note	0.750		06/30/17		45,896,584
	44,000		United States Treasury Note	2.625		11/15/20		48,362
	4,960,000		United States Treasury Note	2.000		02/15/22		5,127,013
	23,342,000		United States Treasury Note	1.750		05/15/22		23,531,654
			TOTAL U.S. TREASURY SECURITIES					222,931,731
			TOTAL GOVERNMENT BONDS					1,051,017,185
			(Cost $1,025,865,580)

23

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
STRUCTURED ASSETS - 9.9%
ASSET BACKED - 4.6%
	$1,410,000		AmeriCredit Automobile Receivables Trust	3.340	%	04/08/16	$	1,463,090
			Series - 2010 3 (Class C)
	650,000		AmeriCredit Automobile Receivables Trust	2.850		08/08/16		667,561
			Series - 2011 1 (Class C)
	100,000	g,i,m	ARTS Ltd	0.724		06/15/13		97,000
			Series - 2005 BA (Class B)
	55,677	g	Asset Backed Funding Corp NIM Trust	5.900		07/26/35		1
			Series - 2006 WMC1 (Class N1)
	350,000	g	Avis Budget Rental Car Funding AESOP LLC	3.150		03/20/17		367,305
			Series - 2010 5A (Class A)
	743,440	i	Bear Stearns Asset Backed Securities Trust	0.615		11/25/39		670,963
			Series - 2005 SD3 (Class 2A1)
	11,450,000	g,i	BlueMountain CLO Ltd	3.364		07/20/23		11,106,500
			Series - 2012 1A (Class B)
	14,800,000	g	Carlyle Global Market Strategies	4.370		07/20/23		14,800,000
			Series - 2012 2A (Class B2)
	478,798	i	Chase Funding Mortgage Loan Asset-Backed Certificates	5.700		02/25/35		106,785
			Series - 2004 2 (Class 1B)
	478,798	i	Chase Funding Mortgage Loan Asset-Backed Certificates	5.700		02/25/35		263,703
			Series - 2004 2 (Class 1M1)
	442,256		CIT Group Home Equity Loan Trust	6.200		02/25/30		440,983
			Series - 2002 1 (Class AF6)
	99,874		Citicorp Mortgage Securities, Inc	5.706		07/25/36		100,063
			Series - 2006 1 (Class A3)
	7,800,000	g,h	Commercial Industrial Finance Corp	2.661		08/14/24		7,800,000
			Series - 2012 1A (Class A1F)
	461,473	i	Countrywide Asset-Backed Certificates	5.683		10/25/46		461,927
			Series - 2006 15 (Class A2)
	472,696	g	Credit-Based Asset Servicing and Securitization LLC	6.159		12/25/36		455,052
			Series - 2007 MX1 (Class A1)
	6,410,000	g,i	DB/UBS Mortgage Trust	5.728		11/10/46		6,586,474
			Series - 2011 LC1A (Class C)
	17,155,425	g	Dominos Pizza Master Issuer LLC	5.216		01/25/42		17,889,039
			Series - 2012 1A (Class A2)
	5,000,000	g,h	Dryden XXIII Senior Loan Fund	4.070		07/17/23		4,962,210
			Series - 2012 23A (Class A2B)
	1,963,565	g	Flagstar Home Equity Loan Trust	5.781		01/25/35		1,875,695
			Series - 2007 1A (Class AF3)
	4,550,000	h	Hertz Vehicle Financing LLC	5.930		03/25/16		4,921,268
	3,325,421		Lehman XS Trust	6.500		06/25/46		1,854,398
			Series - 2006 13 (Class 2A1)
	434,116	i	Long Beach Mortgage Loan Trust	0.995		02/25/35		428,740
			Series - 2005 1 (Class M1)
	11,544	i	Morgan Stanley ABS Capital I	0.285		01/25/37		11,505
			Series - 2007 HE2 (Class A2A)
	481,003	i	Park Place Securities, Inc	1.190		09/25/34		431,229
			Series - 2004 WHQ1 (Class M1)
	112,558	i	Residential Asset Securities Corp	6.489		10/25/30		103,235
			Series - 2001 KS2 (Class AI6)
	400,764	i	Residential Asset Securities Corp	0.675		04/25/35		377,819
			Series - 2005 KS3 (Class M3)

24

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,489,770		Residential Funding Mortgage Securities II, Inc	5.500	%	08/25/25	$	1,483,277
			Series - 2006 HI5 (Class A3)
	944,194		Residential Funding Mortgage Securities II, Inc	5.960		02/25/36		945,318
			Series - 2006 HI3 (Class A3)
	185,000		Residential Funding Mortgage Securities II, Inc	6.060		02/25/36		160,557
			Series - 2006 HI1 (Class M2)
	725,311	i	Securitized Asset Backed Receivables LLC	0.545		10/25/35		690,748
			Series - 2006 OP1 (Class A2C)
	8,680,571	g,m	Sierra Receivables Funding Co LLC	3.580		11/20/28		8,769,415
			Series - 2012 1A (Class B)
	850,000	g	SLM Student Loan Trust	3.740		02/15/29		878,077
			Series - 2011 B (Class A2)
	5,213,000	g	SLM Student Loan Trust	4.540		10/17/44		5,529,862
			Series - 2011 C (Class A2B)
	999,817	i	Soundview Home Equity Loan Trust	0.545		11/25/35		936,221
			Series - 2005 OPT3 (Class A4)
	273,210	i	Soundview Home Equity Loan Trust	0.355		10/25/36		271,220
			Series - 2006 EQ1 (Class A2)
	385,285	i	Structured Asset Investment Loan Trust	0.645		05/25/35		370,123
			Series - 2005 4 (Class M1)
	765,036	i	Structured Asset Investment Loan Trust	0.525		12/25/35		758,328
			Series - 2005 10 (Class A5)
	328,169	g,i	Wachovia Loan Trust	0.605		05/25/35		257,493
			Series - 2005 SD1 (Class A)
	431,448	i	Wells Fargo Home Equity Trust	0.385		07/25/36		392,344
			Series - 2006 2 (Class A3)
	565,000		World Financial Network Credit Card Master Trust	6.750		04/15/19		625,672
			Series - 2010 A (Class B)
			TOTAL ASSET BACKED					100,311,200
OTHER MORTGAGE BACKED - 5.3%
	6,500,000	g	7 WTC Depositor LLC Trust	4.082		03/13/31		6,603,941
			Series - 2012 7WTC (Class A)
	3,737,000		Banc of America Commercial Mortgage, Inc	5.675		07/10/46		3,972,947
			Series - 2006 4 (Class AM)
	411,075	g,i	Banc of America Large Loan, Inc	0.502		03/15/22		409,040
			Series - 2005 MIB1 (Class B)
	2,181,665	g,i	Banc of America Large Loan, Inc	0.552		03/15/22		2,138,141
			Series - 2005 MIB1 (Class C)
	184,000	g,i	Banc of America Large Loan, Inc	0.602		03/15/22		178,949
			Series - 2005 MIB1 (Class D)
	152,000	g,i	Banc of America Large Loan, Inc	0.642		03/15/22		147,676
			Series - 2005 MIB1 (Class E)
	624,759		Bear Stearns Asset Backed Securities Trust	5.250		04/25/35		540,668
			Series - 2005 AC2 (Class 1A)
	630,000		Bear Stearns Commercial Mortgage Securities	5.201		12/11/38		711,618
			Series - 2006 PW14 (Class A4)
	1,050,000	i	Bear Stearns Commercial Mortgage Securities	5.582		09/11/41		1,124,027
			Series - 2006 PW13 (Class AM)
	1,070,000	i	Bear Stearns Commercial Mortgage Securities	5.568		10/12/41		1,147,806
			Series - 2006 T24 (Class AM)
	1,290,000	i	Bear Stearns Commercial Mortgage Securities	4.750		02/13/46		1,375,008
			Series - 2004 T16 (Class A6)

25

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$430,000		Bear Stearns Commercial Mortgage Securities	5.700	%	06/11/50	$	494,874
			Series - 2007 PW18 (Class A4)
	279,191		Citicorp Mortgage Securities, Inc	5.750		11/25/36		279,641
			Series - 2006 6 (Class A2)
	46,706	g,i	Citigroup Commercial Mortgage Trust	0.382		04/15/22		44,681
			Series - 2007 FL3A (Class A2)
	4,628,000	g	Commercial Mortgage Pass Through Certificates	4.305		12/10/24		4,656,592
			Series - 2011 STRT (Class B)
	3,175,000	g	Commercial Mortgage Pass Through Certificates	4.755		12/10/24		3,192,634
			Series - 2011 STRT (Class C)
	4,935,000	g	Commercial Mortgage Pass Through Certificates	2.365		02/10/29		5,048,115
			Series - 2012 9W57 (Class A)
	2,260,000	i	Commercial Mortgage Pass Through Certificates	5.650		12/10/49		2,380,261
			Series - 2007 C9 (Class AM)
	794,146		Countrywide Alternative Loan Trust	5.500		08/25/16		816,372
			Series - 2004 30CB (Class 1A15)
	731,179		Countrywide Home Loan Mortgage Pass Through Trust	5.250		02/25/16		728,302
			Series - 2005 6 (Class 1A10)
	336,556		Countrywide Home Loan Mortgage Pass Through Trust	5.250		05/25/35		334,580
			Series - 2005 12 (Class 1A5)
	135,163		Countrywide Home Loan Mortgage Pass Through Trust	5.500		09/25/35		135,509
			Series - 2005 J3 (Class 1A1)
	413,674	g,i	Credit Suisse Mortgage Capital Certificates	0.422		04/15/22		378,511
			Series - 2007 TF2A (Class A1)
	1,600,000	g	Credit Suisse Mortgage Capital Certificates	5.626		05/15/23		1,792,645
			Series - 2006 OMA (Class D)
	1,050,000	g	Credit Suisse Mortgage Capital Certificates	5.383		02/15/40		1,028,045
			Series - 2009 RR1 (Class A3C)
	580,000		CS First Boston Mortgage Securities Corp	4.052		05/15/38		589,570
			Series - 2003 C3 (Class B)
	972,106	g	DB/UBS Mortgage Trust	3.742		11/10/46		1,041,312
			Series - 2011 LC1A (Class A1)
	1,375,000	g,i,m	GS Mortgage Securities Corp II	4.276		04/10/34		1,397,213
			Series - 2012 GSMS (Class C)
	795,000	g,i	GS Mortgage Securities Corp II	5.403		12/10/43		788,850
			Series - 2010 C2 (Class C)
	1,170,000	g,i	GS Mortgage Securities Corp II	5.403		12/10/43		1,266,847
			Series - 2010 C2 (Class B)
	180,000	g,i	HVB Mortgage Capital Corp	2.291		09/10/22		173,970
			Series - 2003 FL1A (Class J)
	3,376,763	g,i	JP Morgan Chase Commercial Mortgage Securities Corp	0.617		07/15/19		3,267,018
			Series - 2007 FL1A (Class A1)
	722,650	g,i	JP Morgan Chase Commercial Mortgage Securities Corp	7.931		10/12/37		729,301
			Series - 2002 CIB5 (Class S1)
	262,391	g,i	JP Morgan Chase Commercial Mortgage Securities Corp	8.648		10/12/37		264,358
			Series - 2002 CIB5 (Class S2)
	8,445,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.440		05/15/45		9,065,007
			Series - 2006 LDP8 (Class AM)
	1,010,000	g,i	JP Morgan Chase Commercial Mortgage Securities Corp	5.431		07/15/46		961,860
			Series - 2011 C4 (Class C)
	2,060,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.336		05/15/47		2,279,073
			Series - 2006 LDP9 (Class A3)

26

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$2,795,000	i	JP Morgan Chase Commercial Mortgage Securities Corp	6.009	%	06/15/49	$	3,068,362
			Series - 2007 LD11 (Class A4)
	206,790	i	JP Morgan Mortgage Trust	4.277		04/25/35		208,527
			Series - 2005 A2 (Class 5A1)
	810,000	i	LB-UBS Commercial Mortgage Trust	5.150		04/15/30		889,810
			Series - 2005 C2 (Class A5)
	321,209		MASTER Asset Securitization Trust	5.000		05/25/35		322,658
			Series - 2005 1 (Class 2A5)
	571,063	i	Merrill Lynch Mortgage Trust	5.107		07/12/38		615,268
			Series - 2005 CIP1 (Class AM)
	925,000	i	Merrill Lynch/Countrywide Commercial Mortgage Trust	5.607		02/12/39		1,037,412
			Series - 2006 1 (Class A4)
	1,945,000	i	Merrill Lynch/Countrywide Commercial Mortgage Trust	5.172		12/12/49		2,154,957
			Series - 2006 4 (Class A3)
	2,675,000	g,i	Morgan Stanley Capital I	5.422		09/15/47		2,666,833
			Series - 2011 C1 (Class C)
	550,000	g,i	Morgan Stanley Capital I	5.422		09/15/47		499,268
			Series - 2011 C1 (Class D)
	415,000	i	Morgan Stanley Capital I	5.544		11/12/49		429,820
			Series - 2007 T25 (Class AM)
	2,000,000	i	Nomura Asset Securities Corp	7.332		03/15/30		2,042,030
			Series - 1998 D6 (Class A2)
	1,684,744		Residential Accredit Loans, Inc	4.350		03/25/34		1,734,526
			Series - 2004 QS4 (Class A1)
	2,749,840	i	Residential Accredit Loans, Inc	0.435		05/25/46		1,455,493
			Series - 2006 QO5 (Class 2A1)
	2,292,787	g,i	Springleaf Mortgage Loan Trust	2.667		09/25/57		2,291,325
			Series - 2012 1A (Class A)
	133,547	i	Structured Adjustable Rate Mortgage Loan Trust	1.005		03/25/35		131,623
			Series - 2005 6XS (Class A3)
	223,591		Wachovia Bank Commercial Mortgage Trust	5.246		12/15/43		231,565
			Series - 2007 C30 (Class A3)
	20,800,000		Wachovia Bank Commercial Mortgage Trust	5.342		12/15/43		22,445,426
			Series - 2007 C30 (Class A5)
	3,460,000		Wachovia Bank Commercial Mortgage Trust	5.383		12/15/43		3,303,944
			Series - 2007 C30 (Class AM)
	4,950,000	i	Wachovia Bank Commercial Mortgage Trust	6.171		06/15/45		5,404,855
			Series - 2006 C26 (Class AM)
	1,200,000		Wachovia Bank Commercial Mortgage Trust	5.500		04/15/47		1,308,222
			Series - 2007 C31 (Class A5)
	1,765,000		Wachovia Bank Commercial Mortgage Trust	5.339		11/15/48		1,840,708
			Series - 2006 C29 (Class AM)
	1,025,000	i	Wachovia Bank Commercial Mortgage Trust	6.097		02/15/51		1,148,643
			Series - 2007 C33 (Class A4)
	237,179		Wells Fargo Mortgage Backed Securities Trust	5.500		04/25/35		237,095
			Series - 2005 2 (Class 1A1)
			TOTAL OTHER MORTGAGE BACKED					116,953,332
			TOTAL STRUCTURED ASSETS					217,264,532
			(Cost $214,379,912)
			TOTAL BONDS					2,176,646,389
			(Cost $2,107,685,001)

27

TIAA-CREF FUNDS – Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 18.6%
TREASURY DEBT - 18.6%
	$15,200,000	d	United States Treasury Bill	0.060	%	07/12/12	$	15,199,721
	75,770,000	d	United States Treasury Bill	0.045-0.081		07/19/12		75,768,149
	76,500,000	d	United States Treasury Bill	0.057-0.090		08/02/12		76,494,054
	70,300,000		United States Treasury Bill	0.048-0.057		08/23/12		70,294,610
	59,200,000	d	United States Treasury Bill	0.068-0.081		09/06/12		59,192,659
	55,990,000	d	United States Treasury Bill	0.075-0.090		09/20/12		55,980,986
	57,300,000	d	United States Treasury Bill	0.110		09/27/12		57,288,253
			TOTAL TREASURY DEBT					410,218,432
			TOTAL SHORT-TERM INVESTMENTS					410,218,432
			(Cost $410,213,254)
			TOTAL INVESTMENTS - 117.5%					2,586,864,821
			(Cost $2,517,898,255)
			OTHER ASSETS & LIABILITIES, NET - (17.5)%					(385,413,361	)
			NET ASSETS - 100.0%				$	2,201,451,460
			Abbreviation(s):
			ABS     Asset-Based Security
			REIT     Real Estate Investment Trust
		d	All or a portion of these securities have been segregated by the custodian to cover collateral requirements on mortgage dollar rolls.
		g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 6/30/2012, the aggregate value of these securities amounted to $387,846,358 or 17.6% of net assets.
		h	All or a portion of these securities were purchased on a delayed delivery basis.
		i	Floating or variable rate security. Coupon reflects the rate at period end.
		m	Indicates a security that has been deemed illiquid.

28

TIAA-CREF FUNDS – Bond Plus Fund

TIAA-CREF FUNDS
BOND PLUS FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2012

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
BANK LOAN OBLIGATIONS - 4.0%
AUTOMOBILES & COMPONENTS - 0.2%
	$1,902,769	i	Delphi Automotive LLP	3.500	%	03/17/17	$	1,898,012
			TOTAL AUTOMOBILES & COMPONENTS					1,898,012
CAPITAL GOODS - 0.3%
	1,500,000	i	Generac Power Systems, Inc	6.250		05/30/18		1,492,500
	1,974,950	i	TransDigm, Inc	4.000		02/14/17		1,970,842
			TOTAL CAPITAL GOODS					3,463,342
CONSUMER SERVICES - 0.5%
	3,272,464	i	Burger King Corp	4.500		10/19/16		3,253,222
	1,667,575		DineEquity, Inc	4.250		10/19/17		1,658,537
	719,687	i	Wendy’s International, Inc	4.750		05/15/19		713,951
			TOTAL CONSUMER SERVICES					5,625,710
DIVERSIFIED FINANCIALS - 0.6%
	2,213,886	i	Pinafore LLC	4.250		09/29/16		2,210,565
	3,000,000		Schaeffler Finance BV	5.756		03/15/17		2,995,320
	1,975,000	i	TransUnion LLC	5.500		02/10/18		1,972,531
			TOTAL DIVERSIFIED FINANCIALS					7,178,416
ENERGY - 0.3%
	3,000,000	i	Arch Coal, Inc	5.750		05/16/18		2,942,490
			TOTAL ENERGY					2,942,490
FOOD & STAPLES RETAILING - 0.3%
	3,355,657	i	Del Monte Foods Co	4.500		03/08/18		3,303,242
			TOTAL FOOD & STAPLES RETAILING					3,303,242
HEALTH CARE EQUIPMENT & SERVICES - 0.9%
	3,000,000	i	Bausch & Lomb, Inc	5.250		05/17/19		2,980,500
	2,165,875	i	Fresenius US Finance I, Inc	3.500		09/10/14		2,159,550
	778,741	i	Fresenius US Finance I, Inc	3.500		09/10/14		776,467
	3,000,000	i	HCA, Inc	3.495		05/01/18		2,909,070
	977,517	i,m	IMS Health, Inc	4.500		08/26/17		970,596
			TOTAL HEALTH CARE EQUIPMENT & SERVICES					9,796,183
MATERIALS - 0.3%
	2,976,964	i	Ashland, Inc	3.750		08/23/18		2,980,388
			TOTAL MATERIALS					2,980,388
MEDIA - 0.1%
	1,500,000	i	MTL Publishing LLC	1.000		06/29/18		1,505,625
			TOTAL MEDIA					1,505,625

29

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.3%
	$1,898,043	i	Capsugel	5.250	%	08/01/18	$	1,905,161
	1,731,515	i	NBTY, Inc	4.250		10/01/17		1,727,567
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES					3,632,728
RETAILING - 0.1%
	995,000	i	Academy Ltd	6.000		08/03/18		998,264
			TOTAL RETAILING					998,264
SOFTWARE & SERVICES - 0.1%
	1,500,000	i	Lawson Software, Inc	6.250		04/05/18		1,505,385
			TOTAL SOFTWARE & SERVICES					1,505,385
			TOTAL BANK LOAN OBLIGATIONS					44,829,785
			(Cost $44,979,607)
BONDS - 93.3%
CORPORATE BONDS - 38.7%
AUTOMOBILES & COMPONENTS - 0.3%
	1,000,000		DaimlerChrysler Group LLC	8.000		06/15/19		1,027,500
	1,000,000		Delphi Corp	5.875		05/15/19		1,067,500
	500,000		Ford Motor Co	7.450		07/16/31		626,250
	500,000	g	Hyundai Motor Manufacturer	4.500		04/15/15		525,709
			TOTAL AUTOMOBILES & COMPONENTS					3,246,959
BANKS - 4.7%
	675,000		Abbey National Treasury Services plc	4.000		04/27/16		665,098
	610,000	g	Akbank TAS	5.125		07/22/15		621,468
	2,000,000	g	Australia & New Zealand Banking Group Ltd	2.400		11/23/16		2,047,822
	575,000	g,h	Banco Davivienda S.A.	5.875		07/09/22		576,257
	750,000	g	Banco de Bogota S.A.	5.000		01/15/17		791,250
	750,000	g	Banco de Credito del Peru	4.750		03/16/16		770,625
	450,000	g	Banco del Estado de Chile	3.875		02/08/22		457,718
	865,000		BanColombia S.A.	5.950		06/03/21		923,387
	235,000		Bank of America Corp	4.875		01/15/13		238,888
	25,000		Bank of America Corp	4.900		05/01/13		25,565
	3,475,000		Bank of America Corp	3.750		07/12/16		3,503,266
	650,000		Bank of America Corp	5.300		03/15/17		676,734
	25,000		Bank of America Corp	6.000		09/01/17		26,980
	350,000		Bank of America Corp	5.750		12/01/17		373,519
	1,100,000		Bank of America Corp	5.875		02/07/42		1,204,918
	1,350,000		Bank of New York Mellon Corp	1.969		06/20/17		1,365,842
	1,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd	2.350		02/23/17		1,022,048
	150,000		BB&T Corp	3.850		07/27/27		150,316
	500,000	g	BBVA Bancomer S.A.	4.500		03/10/16		502,500
	250,000		Capital One Bank USA NA	8.800		07/15/19		314,838
	350,000		Capital One Capital V	8.875		05/15/40		355,688
	1,575,000		Capital One Financial Corp	3.150		07/15/16		1,631,070

30

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$625,000		Citigroup, Inc	6.000	%	12/13/13	$	656,844
	285,000		Citigroup, Inc	5.000		09/15/14		292,144
	50,000		Citigroup, Inc	4.750		05/19/15		52,482
	4,550,000		Citigroup, Inc	3.953		06/15/16		4,662,194
	4,150,000		Citigroup, Inc	4.450		01/10/17		4,350,208
	300,000		Citigroup, Inc	6.125		05/15/18		334,972
	100,000		Citigroup, Inc	4.500		01/14/22		103,285
	525,000		Citigroup, Inc	6.875		03/05/38		642,171
	275,000		Citigroup, Inc	8.125		07/15/39		366,986
	2,700,000	g	Depfa ACS Bank	5.125		03/16/37		1,880,539
	250,000		Deutsche Bank AG	3.875		08/18/14		260,280
	1,000,000		Deutsche Bank AG	3.250		01/11/16		1,029,146
	345,000		Discover Bank	7.000		04/15/20		401,536
	250,000		Golden West Financial Corp	4.750		10/01/12		252,428
	1,000,000	g	HSBC Bank plc	3.100		05/24/16		1,032,603
	500,000	g	HSBC Bank plc	4.125		08/12/20		521,150
	275,000	g,i	HSBC Capital Funding LP	4.610		12/30/49		259,824
	1,150,000		HSBC USA, Inc	2.375		02/13/15		1,163,108
	500,000	g	ICICI Bank Ltd	4.750		11/25/16		495,510
	335,000		JPMorgan Chase & Co	5.125		09/15/14		355,899
	2,948,000		JPMorgan Chase & Co	3.150		07/05/16		3,031,735
	250,000		JPMorgan Chase & Co	4.350		08/15/21		263,849
	700,000		JPMorgan Chase & Co	4.500		01/24/22		754,053
	475,000		JPMorgan Chase & Co	5.500		10/15/40		523,998
	750,000		JPMorgan Chase & Co	5.400		01/06/42		823,516
	925,000	g	Korea Exchange Bank	3.125		06/26/17		922,766
	250,000	i	Manufacturers & Traders Trust Co	5.629		12/01/21		249,686
	700,000	g,i	Rabobank Nederland NV	11.000		12/30/49		880,600
	800,000	g,i	Standard Chartered plc	6.409		12/30/49		760,000
	125,000	g	Sumitomo Mitsui Banking Corp	3.150		07/22/15		131,280
	425,000		Toronto-Dominion Bank	2.500		07/14/16		440,340
	2,000,000	g	Toronto-Dominion Bank	1.625		09/14/16		2,037,112
	500,000		Union Bank NA	2.125		06/16/17		500,091
	100,000		Union Bank of California NA	5.950		05/11/16		111,723
	400,000		UnionBanCal Corp	3.500		06/18/22		404,023
	1,000,000		US Bancorp	1.650		05/15/17		1,007,302
	125,000		USB Capital XIII Trust	6.625		12/15/39		126,021
	350,000		Wachovia Bank NA	5.850		02/01/37		405,073
	500,000		Wells Fargo & Co	1.500		07/01/15		500,378
	650,000		Wells Fargo & Co	2.100		05/08/17		651,453
	1,150,000		Wells Fargo & Co	3.500		03/08/22		1,183,307
			TOTAL BANKS					53,067,412
CAPITAL GOODS - 1.9%
	1,000,000		Alliant Techsystems, Inc	6.750		04/01/16		1,025,000
	250,000		Alliant Techsystems, Inc	6.875		09/15/20		266,250
	225,000		Anixter, Inc	5.625		05/01/19		232,312
	1,200,000		Caterpillar, Inc	1.375		05/27/14		1,215,306
	950,000		Caterpillar, Inc	1.500		06/26/17		951,316
	500,000		Chesapeake Midstream Partners LP	6.125		07/15/22		490,000
	150,000		CRH America, Inc	4.125		01/15/16		152,481
	1,600,000		Danaher Corp	1.300		06/23/14		1,616,645

31

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$650,000		Deere & Co	2.600	%	06/08/22	$	648,863
	750,000		Deere & Co	3.900		06/09/42		745,127
	1,500,000	g	Empresas ICA SAB de C.V.	8.900		02/04/21		1,428,750
	75,000		General Electric Co	5.250		12/06/17		87,581
	500,000		Harsco Corp	5.125		09/15/13		519,448
	837,500		Huntington Ingalls Industries, Inc	6.875		03/15/18		873,094
	750,000	g	Hyva Global BV	8.625		03/24/16		637,500
	900,000	g	Kinetic Concepts, Inc	10.500		11/01/18		945,000
	660,000	g	Rexel S.A.	6.125		12/15/19		664,950
	100,000	g	Schaeffler Finance BV	7.750		02/15/17		104,250
	600,000	g	Schaeffler Finance BV	8.500		02/15/19		640,500
	500,000		Seagate HDD Cayman	7.750		12/15/18		553,125
	500,000		Seagate HDD Cayman	6.875		05/01/20		537,500
	1,420,000		Seagate HDD Cayman	7.000		11/01/21		1,530,050
	947,000	g	Sealed Air Corp	8.125		09/15/19		1,055,905
	947,000	g	Sealed Air Corp	8.375		09/15/21		1,070,110
	1,000,000		SPX Corp	6.875		09/01/17		1,090,000
	972,000		Tomkins LLC	9.000		10/01/18		1,081,350
	500,000		TransDigm, Inc	7.750		12/15/18		548,750
	145,000		Tyco International Finance S.A.	4.125		10/15/14		156,490
	875,000		United Technologies Corp	1.800		06/01/17		893,583
			TOTAL CAPITAL GOODS					21,761,236
COMMERCIAL & PROFESSIONAL SERVICES - 0.3%
	475,000	g,h	ADT Corp	2.250		07/15/17		477,228
	225,000	g,h	ADT Corp	3.500		07/15/22		225,755
	500,000		Corrections Corp of America	7.750		06/01/17		541,250
	670,000		Republic Services, Inc	3.800		05/15/18		716,781
	375,000		Republic Services, Inc	6.200		03/01/40		451,159
	335,000		Waste Management, Inc	6.125		11/30/39		414,284
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES					2,826,457
CONSUMER DURABLES & APPAREL - 0.4%
	275,000		DR Horton, Inc	4.750		05/15/17		283,422
	325,000	g	Grupo Aval Ltd	5.250		02/01/17		340,437
	598,000	i	Hanesbrands, Inc	4.113		12/15/14		598,006
	1,000,000		Hanesbrands, Inc	8.000		12/15/16		1,101,250
	500,000		Hanesbrands, Inc	6.375		12/15/20		526,250
	500,000		Phillips-Van Heusen Corp	7.375		05/15/20		553,750
	1,100,000		Whirlpool Corp	8.600		05/01/14		1,224,678
	225,000		Xerox Corp	4.500		05/15/21		233,485
			TOTAL CONSUMER DURABLES & APPAREL					4,861,278
CONSUMER SERVICES - 0.9%
	795,000		Ameristar Casinos, Inc	7.500		04/15/21		850,650
	1,000,000		DineEquity, Inc	9.500		10/30/18		1,095,000
	2,750,000		GlaxoSmithKline Capital plc	0.750		05/08/15		2,749,687
	1,000,000		Marina District Finance Co, Inc	9.500		10/15/15		970,000
	1,000,000		Penn National Gaming, Inc	8.750		08/15/19		1,107,500
	1,000,000		Speedway Motorsports, Inc	6.750		02/01/19		1,043,750
	1,000,000		Walt Disney Co	1.125		02/15/17		996,151
	500,000		Wynn Las Vegas LLC	7.875		11/01/17		550,000
			TOTAL CONSUMER SERVICES					9,362,738

32

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
DIVERSIFIED FINANCIALS - 5.3%
	$500,000	g	Ajecorp BV	6.500	%	05/14/22	$	513,750
	875,000		American Express Centurion Bank	6.000		09/13/17		1,033,359
	600,000		American Express Co	8.125		05/20/19		798,962
	1,000,000		American Express Credit Corp	5.875		05/02/13		1,041,690
	1,375,000		American Express Credit Corp	1.750		06/12/15		1,390,617
	250,000		American Express Credit Corp	2.800		09/19/16		260,791
	500,000		Bank of New York Mellon Corp	1.200		02/20/15		502,704
	200,000		Bank of New York Mellon Corp	2.300		07/28/16		206,356
	275,000		Bank of New York Mellon Corp	5.450		05/15/19		324,329
	925,000		Berkshire Hathaway, Inc	1.900		01/31/17		943,295
	500,000		BlackRock, Inc	3.500		12/10/14		530,362
	825,000		BlackRock, Inc	1.375		06/01/15		830,900
	1,350,000		BlackRock, Inc	4.250		05/24/21		1,476,329
	500,000		BlackRock, Inc	3.375		06/01/22		507,364
	300,000		Countrywide Financial Corp	6.250		05/15/16		312,239
	1,000,000		Credit Suisse	5.500		05/01/14		1,060,145
	900,000		Diageo Investment Corp	2.875		05/11/22		924,527
	300,000		Diageo Investment Corp	4.250		05/11/42		317,480
	1,000,000		Ford Motor Credit Co LLC	5.750		02/01/21		1,098,499
	225,000		General Electric Capital Corp	2.800		01/08/13		227,624
	850,000		General Electric Capital Corp	1.875		09/16/13		858,865
	1,850,000		General Electric Capital Corp	5.500		06/04/14		1,993,965
	2,000,000		General Electric Capital Corp	5.300		02/11/21		2,244,764
	265,000		General Electric Capital Corp	4.650		10/17/21		294,289
	400,000		General Electric Capital Corp	6.875		01/10/39		516,053
	500,000	i	Goldman Sachs Capital II	4.000		06/01/43		338,510
	600,000		Goldman Sachs Group, Inc	5.450		11/01/12		608,702
	275,000		Goldman Sachs Group, Inc	3.300		05/03/15		274,962
	175,000		Goldman Sachs Group, Inc	7.500		02/15/19		199,570
	5,450,000		Goldman Sachs Group, Inc	5.750		01/24/22		5,753,042
	150,000		Goldman Sachs Group, Inc	6.450		05/01/36		146,298
	375,000		Goldman Sachs Group, Inc	6.750		10/01/37		367,520
	500,000		Goldman Sachs Group, Inc	6.250		02/01/41		521,377
	1,165,000		HSBC Finance Corp	4.750		07/15/13		1,202,510
	200,000	g	International Lease Finance Corp	6.500		09/01/14		211,000
	150,000		International Lease Finance Corp	8.625		09/15/15		165,750
	2,070,000		International Lease Finance Corp	5.750		05/15/16		2,100,185
	625,000	g	Inversiones CMPC S.A.	4.500		04/25/22		618,616
	100,000		Jefferies Group, Inc	6.250		01/15/36		90,000
	1,750,000		John Deere Capital Corp	0.875		04/17/15		1,751,965
	1,250,000		John Deere Capital Corp	0.950		06/29/15		1,252,056
	1,705,000		John Deere Capital Corp	2.250		06/07/16		1,767,331
	500,000		John Deere Capital Corp	1.400		03/15/17		501,334
	375,000		John Deere Capital Corp	2.750		03/15/22		376,898
	3,000,000		KFW	2.625		01/25/22		3,093,873
	300,000		Kreditanstalt fuer Wiederaufbau	4.875		01/17/17		349,787
	500,000		Landwirtschaftliche Rentenbank	5.250		07/02/12		500,000
	750,000	g	Lukoil International Finance BV	6.125		11/09/20		786,525
	500,000	g	Majapahit Holding BV	7.875		06/29/37		605,000

33

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$275,000		MBNA Corp	6.125	%	03/01/13	$	282,490
	1,650,000		Merrill Lynch & Co, Inc	5.450		02/05/13		1,683,178
	800,000		Merrill Lynch & Co, Inc	6.400		08/28/17		870,200
	1,000,000		Morgan Stanley	2.875		01/24/14		988,747
	500,000		Morgan Stanley	5.375		10/15/15		511,109
	900,000		Morgan Stanley	5.450		01/09/17		908,902
	3,000,000		Morgan Stanley	4.750		03/22/17		2,993,406
	725,000		Morgan Stanley	7.300		05/13/19		783,173
	220,000		Morgan Stanley	5.625		09/23/19		217,734
	250,000		NASDAQ OMX Group, Inc	4.000		01/15/15		258,483
	175,000		NASDAQ OMX Group, Inc	5.550		01/15/20		182,086
	400,000		National Rural Utilities Cooperative Finance Corp	5.500		07/01/13		419,749
	250,000		National Rural Utilities Cooperative Finance Corp	10.375		11/01/18		362,246
	500,000	g	Odebrecht Finance Ltd	7.000		04/21/20		547,500
	720,000	g	Odebrecht Finance Ltd	6.000		04/05/23		758,376
	250,000		PCCW-HKT Capital No 4 Ltd	4.250		02/24/16		258,328
	500,000	g	PTTEP Australia International Finance Pty Ltd	4.152		07/19/15		511,824
	450,000		State Street Corp	4.300		05/30/14		479,097
	500,000		Toyota Motor Credit Corp	2.050		01/12/17		511,068
	1,000,000		UBS AG.	2.250		01/28/14		1,005,116
	250,000		UBS AG.	4.875		08/04/20		267,106
			TOTAL DIVERSIFIED FINANCIALS					58,591,987
ENERGY - 4.6%
	160,000		Anadarko Petroleum Corp	6.950		06/15/19		196,088
	260,000		Anadarko Petroleum Corp	6.450		09/15/36		300,594
	325,000		Apache Corp	1.750		04/15/17		331,432
	700,000		Apache Corp	3.250		04/15/22		730,948
	855,000		Apache Corp	4.750		04/15/43		949,711
	500,000		Arch Coal, Inc	8.750		08/01/16		477,500
	833,000		Arch Coal, Inc	7.000		06/15/19		703,885
	350,000		Baker Hughes, Inc	3.200		08/15/21		365,115
	1,000,000		BP Capital Markets plc	5.250		11/07/13		1,059,605
	2,045,000		BP Capital Markets plc	3.200		03/11/16		2,175,078
	1,250,000		BP Capital Markets plc	1.846		05/05/17		1,262,432
	1,250,000		BP Capital Markets plc	3.245		05/06/22		1,294,237
	400,000	g	Chaparral Energy, Inc	7.625		11/15/22		408,000
	250,000		Chesapeake Energy Corp	6.500		08/15/17		248,750
	500,000		Chesapeake Energy Corp	6.625		08/15/20		495,000
	770,000		Cimarex Energy Co	5.875		05/01/22		799,837
	500,000		Cloud Peak Energy Resources LLC	8.250		12/15/17		517,500
	525,000	g	CNOOC FINANCE 2012 Ltd	3.875		05/02/22		542,997
	225,000	g	CNOOC FINANCE 2012 Ltd	5.000		05/02/42		241,129
	575,000		ConocoPhillips	6.500		02/01/39		796,263
	500,000		Consol Energy Inc	8.250		04/01/20		525,000
	415,000	g	Continental Resources, Inc	5.000		09/15/22		421,225
	580,000	g	Crosstex Energy LP	7.125		06/01/22		571,300
	575,000		Crosstex Energy, Inc	8.875		02/15/18		607,344
	625,000		Devon Energy Corp	1.875		05/15/17		625,110
	500,000		Devon Energy Corp	5.600		07/15/41		580,132
	300,000		Devon Energy Corp	4.750		05/15/42		314,806
	875,000	g	Dolphin Energy Ltd	5.500		12/15/21		974,575

34

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$500,000	g	Empresa Nacional del Petroleo	6.250	%	07/08/19	$	567,839
	470,000	g	Empresa Nacional del Petroleo	4.750		12/06/21		491,040
	250,000		Encore Acquisition Co	9.500		05/01/16		273,125
	425,000		Enterprise Products Operating LLC	4.600		08/01/12		426,231
	275,000		Enterprise Products Operating LLC	5.600		10/15/14		301,410
	75,000		Enterprise Products Operating LLC	5.000		03/01/15		81,922
	115,000		Enterprise Products Operating LLC	6.125		10/15/39		130,275
	135,000		Enterprise Products Operating LLC	5.950		02/01/41		152,666
	425,000		Enterprise Products Operating LLC	5.700		02/15/42		470,196
	350,000		EOG Resources, Inc	4.100		02/01/21		388,400
	500,000		Gaz Capital S.A.	6.212		11/22/16		542,475
	350,000	g	Gazprom OAO Via Gaz Capital S.A.	4.950		05/23/16		362,422
	175,000		Hess Corp	8.125		02/15/19		225,257
	285,000		Hess Corp	6.000		01/15/40		316,065
	750,000		Marathon Petroleum Corp	3.500		03/01/16		786,180
	275,000		MarkWest Energy Partners LP	6.750		11/01/20		292,188
	1,000,000		Newfield Exploration Co	6.625		04/15/16		1,025,000
	300,000		Newfield Exploration Co	5.750		01/30/22		313,500
	900,000		Newfield Exploration Co	5.625		07/01/24		920,250
	125,000		Noble Holding International Ltd	3.450		08/01/15		131,581
	350,000		Noble Holding International Ltd	4.900		08/01/20		380,087
	1,400,000		Occidental Petroleum Corp	1.750		02/15/17		1,423,624
	350,000		Occidental Petroleum Corp	4.100		02/01/21		392,390
	500,000		Peabody Energy Corp	7.375		11/01/16		550,000
	100,000		Pemex Project Funding Master Trust	5.750		03/01/18		113,000
	150,000		Pemex Project Funding Master Trust	6.625		06/15/35		178,500
	125,000		Pemex Project Funding Master Trust	6.625		06/15/38		148,750
	875,000	g	Pertamina Persero PT	4.875		05/03/22		877,187
	900,000	g	Pertamina Persero PT	6.000		05/03/42		891,000
	675,000	g	Pertamina PT	5.250		05/23/21		702,000
	500,000	g	Pertamina PT	6.500		05/27/41		525,000
	500,000		Petrobras International Finance Co	7.875		03/15/19		608,173
	494,000		Petrobras International Finance Co	6.875		01/20/40		587,624
	230,000		Petrobras International Finance Co-Pifco	3.875		01/27/16		237,461
	100,000		Petroleos Mexicanos	8.000		05/03/19		127,000
	325,000		Petroleos Mexicanos	5.500		01/21/21		367,250
	1,025,000	g	Petroleos Mexicanos	4.875		01/24/22		1,107,000
	540,000	g	Petroleos Mexicanos	6.500		06/02/41		630,450
	575,000	g	Petroleos Mexicanos	5.500		06/27/44		587,937
	430,000	g	Petroleum Co of Trinidad & Tobago Ltd	9.750		08/14/19		527,395
	700,000	g	Phillips 66	1.950		03/05/15		705,013
	625,000	g	Phillips 66	4.300		04/01/22		657,479
	800,000		Precision Drilling Trust	6.625		11/15/20		824,000
	100,000		Range Resources Corp	7.250		05/01/18		106,000
	500,000		Range Resources Corp	5.750		06/01/21		522,500
	600,000		Regency Energy Partners LP	6.500		07/15/21		630,000
	730,000	g	Reliance Holdings USA	4.500		10/19/20		686,042
	450,000	g	Reliance Holdings USA	5.400		02/14/22		449,973
	500,000	g	SandRidge Energy, Inc	8.000		06/01/18		506,250
	1,185,000	g	Schlumberger Investment S.A.	3.300		09/14/21		1,241,517
	675,000	g	SESI LLC	7.125		12/15/21		734,063
	250,000		Shell International Finance BV	3.100		06/28/15		266,719

35

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$525,000		Shell International Finance BV	4.300	%	09/22/19	$	609,170
	125,000		Shell International Finance BV	6.375		12/15/38		176,887
	300,000	g	SM Energy Co	6.500		01/01/23		302,250
	1,495,000		Southwestern Energy Co	7.500		02/01/18		1,793,546
	200,000		Statoil ASA	2.900		10/15/14		209,757
	1,000,000		Total Capital International S.A.	1.500		02/17/17		1,003,960
	500,000		TransCanada Pipelines Ltd	5.850		03/15/36		625,904
	250,000	i	TransCanada Pipelines Ltd	6.350		05/15/67		257,438
	125,000		Vale Overseas Ltd	6.250		01/23/17		142,162
	215,000		Vale Overseas Ltd	4.375		01/11/22		218,939
	125,000		Vale Overseas Ltd	6.875		11/21/36		144,994
	205,000		Vale Overseas Ltd	6.875		11/10/39		239,517
	600,000		XTO Energy, Inc	6.250		04/15/13		625,314
	300,000		XTO Energy, Inc	4.625		06/15/13		310,930
			TOTAL ENERGY					51,665,767
FOOD & STAPLES RETAILING - 0.3%
	185,000		CVS Caremark Corp	3.250		05/18/15		194,730
	50,000		CVS Caremark Corp	6.600		03/15/19		62,353
	275,000		Delhaize Group S.A.	5.875		02/01/14		289,583
	250,000		Delhaize Group S.A.	6.500		06/15/17		277,768
	500,000		Ingles Markets, Inc	8.875		05/15/17		544,375
	75,000		Kroger Co	5.000		04/15/13		77,278
	295,000		Stater Bros Holdings, Inc	7.750		04/15/15		300,900
	300,000		Stater Bros Holdings, Inc	7.375		11/15/18		325,125
	1,045,000		SuperValu, Inc	8.000		05/01/16		1,058,063
	500,000		Susser Holdings LLC	8.500		05/15/16		543,750
			TOTAL FOOD & STAPLES RETAILING					3,673,925
FOOD, BEVERAGE & TOBACCO - 0.8%
	500,000		Anheuser-Busch InBev Worldwide, Inc	2.875		02/15/16		528,215
	700,000		Anheuser-Busch InBev Worldwide, Inc	5.375		01/15/20		834,135
	750,000	g	BRF-Brasil Foods S.A.	5.875		06/06/22		772,500
	750,000		Coca-Cola Co	0.750		03/13/15		751,515
	750,000		Diageo Capital plc	1.500		05/11/17		752,763
	650,000		HJ Heinz Co	1.500		03/01/17		648,513
	620,000		Kraft Foods, Inc	6.500		02/09/40		796,446
	25,000		PepsiAmericas, Inc	4.375		02/15/14		26,450
	38,000		PepsiCo, Inc	7.900		11/01/18		50,768
	1,000,000	g	Pernod-Ricard S.A.	2.950		01/15/17		1,012,246
	550,000	g	Pernod-Ricard S.A.	4.450		01/15/22		569,883
	550,000		Philip Morris International, Inc	6.875		03/17/14		607,227
	100,000		Philip Morris International, Inc	6.375		05/16/38		133,777
	900,000	g	Post Holdings, Inc	7.375		02/15/22		949,500
	500,000		TreeHouse Foods, Inc	7.750		03/01/18		541,875
			TOTAL FOOD, BEVERAGE & TOBACCO					8,975,813
HEALTH CARE EQUIPMENT & SERVICES - 1.2%
	250,000		Becton Dickinson and Co	1.750		11/08/16		255,574
	1,000,000		CHS	8.000		11/15/19		1,065,000
	750,000		Covidien International Finance S.A.	1.350		05/29/15		750,974
	375,000		Covidien International Finance S.A.	3.200		06/15/22		386,614

36

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$257,000		Endo Health Solutions, Inc	7.250	%	01/15/22	$	278,524
	1,079,000		Endo Pharmaceuticals Holdings, Inc	7.000		07/15/19		1,173,412
	1,722,000	g	Fresenius Medical Care Capital Trust	5.750		02/15/21		1,793,033
	400,000	g	Fresenius US Finance II, Inc	9.000		07/15/15		459,500
	500,000		HCA, Inc	8.500		04/15/19		560,000
	165,000		HCA, Inc	6.500		02/15/20		178,819
	500,000		HCA, Inc	7.875		02/15/20		555,000
	975,000		HCA, Inc	5.875		03/15/22		1,018,875
	500,000		Healthsouth Corp	7.250		10/01/18		532,500
	1,500,000		LifePoint Hospitals, Inc	6.625		10/01/20		1,593,750
	228,000		McKesson Corp	3.250		03/01/16		244,742
	275,000		Medtronic, Inc	4.750		09/15/15		308,688
	500,000		Quest Diagnostics, Inc	6.400		07/01/17		591,673
	750,000		Thermo Fisher Scientific, Inc	3.200		03/01/16		802,899
	475,000		Thermo Fisher Scientific, Inc	2.250		08/15/16		491,246
	160,000		Thermo Fisher Scientific, Inc	4.700		05/01/20		183,761
	650,000		Thermo Fisher Scientific, Inc	3.600		08/15/21		699,135
			TOTAL HEALTH CARE EQUIPMENT & SERVICES					13,923,719
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	500,000		Clorox Co	3.800		11/15/21		521,206
	380,000		Colgate-Palmolive Co	2.300		05/03/22		382,331
	375,000		Ecolab, Inc	4.350		12/08/21		415,637
	250,000		Procter & Gamble Co	5.550		03/05/37		332,848
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS					1,652,022
INSURANCE - 1.1%
	275,000		ACE INA Holdings, Inc	5.875		06/15/14		299,767
	240,000		Aetna, Inc	6.500		09/15/18		296,144
	150,000		Aetna, Inc	6.625		06/15/36		191,819
	375,000		Allstate Corp	7.450		05/16/19		480,217
	500,000		American International Group, Inc	3.650		01/15/14		510,710
	400,000		Chubb Corp	6.000		05/11/37		513,521
	80,000		CIGNA Corp	5.125		06/15/20		88,479
	1,000,000		CIGNA Corp	4.500		03/15/21		1,075,913
	525,000		Hartford Financial Services Group, Inc	4.000		03/30/15		550,603
	925,000		Hartford Financial Services Group, Inc	4.000		10/15/17		928,837
	525,000	g	Liberty Mutual Group, Inc	6.500		05/01/42		531,403
	250,000		Lincoln National Corp	7.000		06/15/40		294,874
	550,000		Metlife, Inc	5.000		06/15/15		604,671
	525,000		Metlife, Inc	6.750		06/01/16		615,614
	275,000		Metlife, Inc	5.700		06/15/35		325,999
	600,000	g	Principal Life Global Funding I	5.125		10/15/13		628,068
	650,000		Prudential Financial, Inc	6.200		11/15/40		709,265
	300,000	g	Prudential Funding LLC	6.750		09/15/23		357,076
	300,000		Travelers Cos, Inc	5.800		05/15/18		362,358
	100,000		Unum Group	5.625		09/15/20		107,561
	275,000		WellPoint, Inc	5.850		01/15/36		325,550
	500,000		WellPoint, Inc	4.625		05/15/42		515,439
	2,000,000		Willis Group Holdings plc	4.125		03/15/16		2,090,824
	150,000		WR Berkley Corp	5.375		09/15/20		161,564
			TOTAL INSURANCE					12,566,276

37

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
MATERIALS - 3.0%
	$300,000		3M Co	5.700	%	03/15/37	$	408,078
	350,000		Air Products & Chemicals, Inc	4.150		02/01/13		357,243
	75,000		Airgas, Inc	4.500		09/15/14		80,147
	250,000		Airgas, Inc	7.125		10/01/18		269,726
	1,000,000		Albemarle Corp	4.500		12/15/20		1,080,139
	750,000	g	Anglo American Capital plc	2.625		04/03/17		748,313
	325,000	g	Anglo American Capital plc	4.450		09/27/20		343,083
	560,000		AngloGold Ashanti Holdings plc	5.375		04/15/20		575,529
	440,000		ArcelorMittal	4.500		02/25/17		433,272
	875,000		ArcelorMittal	6.250		02/25/22		856,982
	120,000		Ball Corp	7.375		09/01/19		132,600
	1,000,000		Ball Corp	5.750		05/15/21		1,075,000
	1,000,000		Barrick Gold Corp	3.850		04/01/22		1,035,324
	850,000		Barrick North America Finance LLC	4.400		05/30/21		916,154
	750,000	g	Braskem America Finance Co	7.125		07/22/41		748,125
	1,500,000		Celanese US Holdings LLC	6.625		10/15/18		1,631,250
	777,500	g	Cemex SAB de C.V.	9.000		01/11/18		693,919
	1,500,000		CF Industries, Inc	7.125		05/01/20		1,826,250
	250,000		Cliffs Natural Resources, Inc	6.250		10/01/40		245,515
	325,000	g	CommScope, Inc	8.250		01/15/19		343,688
	750,000	g	Corp Nacional del Cobre de Chile-CODELCO	3.875		11/03/21		788,914
	1,385,000		Crown Americas LLC	6.250		02/01/21		1,513,112
	500,000		Domtar Corp	4.400		04/01/22		489,873
	469,000		Dow Chemical Co	4.125		11/15/21		503,051
	250,000	g	Fibria Overseas Finance Ltd	6.750		03/03/21		249,500
	500,000		Fibria Overseas Finance Ltd	7.500		05/04/20		517,500
	1,250,000		Freeport-McMoRan Copper & Gold, Inc	1.400		02/13/15		1,245,732
	750,000	g	Georgia-Pacific LLC	8.250		05/01/16		826,180
	975,000		Graphic Packaging International, Inc	9.500		06/15/17		1,072,500
	250,000		International Paper Co	7.300		11/15/39		312,129
	400,000		International Paper Co	6.000		11/15/41		450,968
	455,000	g	Longview Fibre Paper & Packaging, Inc	8.000		06/01/16		455,000
	2,000,000	g	LyondellBasell Industries NV	5.000		04/15/19		2,097,500
	750,000		Newmont Mining Corp	3.500		03/15/22		740,248
	375,000		Newmont Mining Corp	4.875		03/15/42		365,662
	200,000		Praxair, Inc	5.250		11/15/14		220,446
	500,000		Praxair, Inc	2.450		02/15/22		493,231
	1,450,000		Rio Tinto Finance USA Ltd	2.250		09/20/16		1,498,922
	680,000	g	Rock-Tenn Co	4.450		03/01/19		698,490
	820,000	g	Rock-Tenn Co	4.900		03/01/22		844,756
	250,000	g	Sappi Papier Holding AG.	6.625		04/15/21		236,250
	500,000	g	Silgan Holdings, Inc	5.000		04/01/20		511,250
	500,000		Solutia, Inc	7.875		03/15/20		585,000
	1,000,000		Teck Resources Ltd	10.250		05/15/16		1,116,250
	125,000		Teck Resources Ltd	6.000		08/15/40		130,990
	900,000		Teck Resources Ltd	5.200		03/01/42		862,308
	355,000	g	USG Corp	7.875		03/30/20		367,425
	500,000	g	Verso Paper Holdings LLC	11.750		01/15/19		505,000
	350,000	g	Xstrata Canada Financial Corp	4.950		11/15/21		361,635
			TOTAL MATERIALS					33,860,159

38

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
MEDIA - 2.5%
	$1,000,000		AMC Entertainment, Inc	8.750	%	06/01/19	$	1,072,500
	1,000,000		Cablevision Systems Corp	8.625		09/15/17		1,115,000
	200,000		CBS Corp	1.950		07/01/17		199,800
	1,100,000		CCO Holdings LLC	7.000		01/15/19		1,188,000
	1,300,000		CCO Holdings LLC	6.500		04/30/21		1,384,500
	1,462,000		Cinemark USA, Inc	8.625		06/15/19		1,619,165
	1,000,000	h	Comcast Corp	4.650		07/15/42		1,000,458
	750,000		DIRECTV Holdings LLC	2.400		03/15/17		754,939
	1,500,000		DIRECTV Holdings LLC	3.800		03/15/22		1,516,940
	1,250,000		DIRECTV Holdings LLC	5.150		03/15/42		1,258,061
	500,000		Discovery Communications LLC	4.950		05/15/42		521,820
	2,015,000	g	DISH DBS Corp	4.625		07/15/17		2,017,519
	250,000		Interpublic Group of Cos, Inc	6.250		11/15/14		273,125
	2,935,000		Lamar Media Corp	7.875		04/15/18		3,228,500
	100,000		NBC Universal Media LLC	5.150		04/30/20		114,807
	2,000,000		NBC Universal Media LLC	4.375		04/01/21		2,200,252
	100,000		News America, Inc	7.250		05/18/18		119,906
	125,000		News America, Inc	7.625		11/30/28		147,499
	90,000		News America, Inc	6.550		03/15/33		101,498
	325,000		News America, Inc	6.650		11/15/37		379,376
	250,000		News America, Inc	6.900		08/15/39		298,719
	963,000		Nielsen Finance LLC	7.750		10/15/18		1,066,523
	350,000		Time Warner Cable, Inc	8.750		02/14/19		465,351
	625,000		Time Warner Cable, Inc	8.250		04/01/19		816,686
	250,000		Time Warner, Inc	3.150		07/15/15		263,657
	1,000,000		Time Warner, Inc	4.700		01/15/21		1,114,326
	275,000		Time Warner, Inc	6.500		11/15/36		325,448
	700,000		Time Warner, Inc	4.900		06/15/42		710,253
	1,500,000		Viacom, Inc	1.250		02/27/15		1,503,735
	700,000		Viacom, Inc	2.500		12/15/16		724,753
			TOTAL MEDIA					27,503,116
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.8%
	3,100,000	g	Aristotle Holding, Inc	2.100		02/12/15		3,130,309
	625,000	g	Aristotle Holding, Inc	3.900		02/15/22		647,821
	250,000		Merck & Co, Inc	3.875		01/15/21		281,155
	1,000,000	g	Mylan, Inc	7.625		07/15/17		1,100,000
	910,000		NBTY, Inc	9.000		10/01/18		1,005,550
	135,000		Novartis Capital Corp	4.125		02/10/14		142,517
	150,000		Novartis Capital Corp	2.900		04/24/15		158,693
	2,000,000		Sanofi-Aventis S.A.	2.625		03/29/16		2,098,412
	220,000		Schering-Plough Corp	6.550		09/15/37		314,922
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES					8,879,379
REAL ESTATE - 1.1%
	100,000		AMB Property LP	7.625		08/15/14		110,002
	150,000		AMB Property LP	4.500		08/15/17		156,809
	100,000		Brandywine Operating Partnership LP	7.500		05/15/15		111,042
	1,250,000		Brandywine Operating Partnership LP	4.950		04/15/18		1,280,109
	170,000		Camden Property Trust	4.625		06/15/21		182,670

39

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,000,000		Developers Diversified Realty Corp	4.750	%	04/15/18	$	1,037,195
	500,000		Developers Diversified Realty Corp	7.875		09/01/20		597,855
	25,000		Federal Realty Investment Trust	5.650		06/01/16		27,559
	1,325,000		Health Care REIT, Inc	3.625		03/15/16		1,362,088
	200,000		Healthcare Realty Trust, Inc	5.750		01/15/21		210,875
	1,783,000		Highwoods Properties, Inc	5.850		03/15/17		1,913,243
	1,000,000		Host Hotels & Resorts LP	5.875		06/15/19		1,080,000
	125,000		Kilroy Realty Corp	5.000		11/03/15		133,044
	250,000		Kilroy Realty LP	4.800		07/15/18		262,751
	300,000		National Retail Properties, Inc	5.500		07/15/21		317,996
	150,000		Regency Centers LP	5.250		08/01/15		160,954
	25,000		Regency Centers LP	5.875		06/15/17		28,010
	25,000		Simon Property Group LP	5.250		12/01/16		28,098
	825,000		Simon Property Group LP	2.800		01/30/17		849,259
	210,000		Simon Property Group LP	10.350		04/01/19		294,589
	1,000,000		Simon Property Group LP	3.375		03/15/22		1,004,419
	185,000		Ventas Realty LP	3.125		11/30/15		188,346
	500,000		Ventas Realty LP	4.000		04/30/19		512,747
	100,000		Ventas Realty LP	4.250		03/01/22		100,692
	200,000		Washington Real Estate Investment Trust	4.950		10/01/20		212,635
	750,000	g	Yanlord Land Group Ltd	10.625		03/29/18		693,750
			TOTAL REAL ESTATE					12,856,737
RETAILING - 1.1%
	907,000		Amerigas Partners LP	6.500		05/20/21		911,535
	1,500,000		Ferrellgas LP	6.500		05/01/21		1,368,750
	350,000		Home Depot, Inc	4.400		04/01/21		403,981
	1,000,000		Limited Brands, Inc	7.000		05/01/20		1,110,000
	625,000		Limited Brands, Inc	6.625		04/01/21		682,813
	810,000		Limited Brands, Inc	5.625		02/15/22		834,300
	1,805,000		Macy’s Retail Holdings, Inc	5.900		12/01/16		2,080,551
	325,000		Macy’s Retail Holdings, Inc	3.875		01/15/22		341,696
	295,000		O’Reilly Automotive, Inc	4.625		09/15/21		308,294
	1,500,000	g	QVC, Inc	7.125		04/15/17		1,593,443
	150,000	g	QVC, Inc	5.125		07/02/22		153,116
	250,000		Staples, Inc	9.750		01/15/14		279,427
	650,000		Target Corp	2.900		01/15/22		664,151
	250,000		Wal-Mart Stores, Inc	5.000		10/25/40		298,947
	700,000		Wal-Mart Stores, Inc	5.625		04/15/41		911,031
			TOTAL RETAILING					11,942,035
SOFTWARE & SERVICES - 1.3%
	100,000		Fidelity National Information Services, Inc	7.625		07/15/17		110,250
	3,000,000	g	Fidelity National Information Services, Inc	5.000		03/15/22		3,052,500
	750,000		International Business Machines Corp	0.550		02/06/15		745,133
	7,000,000		International Business Machines Corp	0.750		05/11/15		6,989,360
	950,000		International Business Machines Corp	1.250		02/06/17		952,492
	500,000	g	Lawson Software, Inc	9.375		04/01/19		533,750
	165,000		Microsoft Corp	0.875		09/27/13		166,089
	200,000		Oracle Corp	5.750		04/15/18		242,659
	185,000		Oracle Corp	3.875		07/15/20		207,110
	400,000	g	Sophia LP	9.750		01/15/19		425,000

40

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$500,000		SunGard Data Systems, Inc	4.875	%	01/15/14	$	515,000
	1,000,000		SunGard Data Systems, Inc	7.375		11/15/18		1,072,500
			TOTAL SOFTWARE & SERVICES					15,011,843
TECHNOLOGY HARDWARE & EQUIPMENT - 0.7%
	785,000		Brocade Communications Systems, Inc	6.625		01/15/18		822,288
	287,000		Brocade Communications Systems, Inc	6.875		01/15/20		310,677
	350,000		Hewlett-Packard Co	2.350		03/15/15		355,462
	1,160,000		Jabil Circuit, Inc	5.625		12/15/20		1,226,700
	112,000		L-3 Communications Corp	6.375		10/15/15		114,450
	1,000,000		L-3 Communications Corp	4.950		02/15/21		1,081,456
	500,000	g	PCCW-HKT Capital No 3 Ltd	5.250		07/20/15		533,771
	500,000		Scientific Games Corp	8.125		09/15/18		536,250
	814,000		Scientific Games Corp	9.250		06/15/19		891,330
	1,000,000		Tyco Electronics Group S.A.	1.600		02/03/15		1,004,183
	525,000		Xerox Corp	8.250		05/15/14		585,390
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT					7,461,957
TELECOMMUNICATION SERVICES - 1.5%
	1,150,000		American Tower Corp	4.700		03/15/22		1,180,573
	2,250,000		AT&T, Inc	2.950		05/15/16		2,383,142
	275,000		AT&T, Inc	6.150		09/15/34		331,404
	800,000		AT&T, Inc	6.300		01/15/38		996,473
	500,000		Axiata SPV1 (Labuan) Ltd	5.375		04/28/20		542,978
	85,000		BellSouth Corp	6.550		06/15/34		99,824
	550,000		Cellco Partnership	8.500		11/15/18		752,612
	500,000		Cricket Communications, Inc	7.750		05/15/16		530,625
	750,000	g	Deutsche Telekom International Finance BV	2.250		03/06/17		741,088
	425,000	g	Deutsche Telekom International Finance BV	4.875		03/06/42		403,768
	750,000	g	Globo Comunicacao e Participacoes S.A.	4.875		04/11/22		780,000
	1,000,000		Intelsat Bermuda Ltd	11.250		02/04/17		1,030,000
	1,050,000	g	Oi S.A.	5.750		02/10/22		1,069,950
	500,000		Qwest Communications International, Inc	7.125		04/01/18		527,500
	75,000		Telecom Italia Capital S.A.	6.999		06/04/18		74,625
	75,000		Telecom Italia Capital S.A.	7.175		06/18/19		74,625
	1,000,000		Telefonica Emisiones SAU	3.992		02/16/16		893,977
	500,000		Telefonos de Mexico SAB de C.V.	5.500		11/15/19		581,635
	885,000	g	Telemar Norte Leste S.A.	5.500		10/23/20		902,700
	275,000		Verizon Communications, Inc	5.250		04/15/13		284,929
	210,000		Verizon Communications, Inc	8.750		11/01/18		288,654
	225,000		Verizon Communications, Inc	8.950		03/01/39		370,594
	275,000		Verizon Virginia, Inc	4.625		03/15/13		282,612
	750,000	g	Vimpelcom Holdings	7.504		03/01/22		704,580
	207,000		Virgin Media Finance plc	9.500		08/15/16		230,805
	500,000		Virgin Media Secured Finance plc	5.250		01/15/21		553,918
	400,000		Windstream Corp	7.750		10/15/20		424,000
			TOTAL TELECOMMUNICATION SERVICES					17,037,591
TRANSPORTATION - 1.2%
	375,000		ABB Finance USA, Inc	2.875		05/08/22		379,333
	655,000	g	Asciano Finance	5.000		04/07/18		684,193
	750,000	g	Bombardier, Inc	7.500		03/15/18		822,188

41

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$600,000	g	Bombardier, Inc	7.750	%	03/15/20	$	667,500
	500,000		Bristow Group, Inc	7.500		09/15/17		518,750
	750,000		Burlington Northern Santa Fe LLC	3.050		03/15/22		756,751
	725,000		Burlington Northern Santa Fe LLC	5.050		03/01/41		797,891
	1,000,000		Burlington Northern Santa Fe LLC	4.400		03/15/42		1,006,995
	1,000,000	g	DP World Ltd	6.850		07/02/37		982,500
	150,000		Embraer Overseas Ltd	6.375		01/15/20		166,875
	275,000		Embraer S.A.	5.150		06/15/22		282,287
	580,000	g	Gulfmark Offshore, Inc	6.375		03/15/22		585,800
	500,000		Hertz Corp	7.500		10/15/18		536,250
	1,000,000		Hertz Corp	7.375		01/15/21		1,070,000
	625,000	g	Kazakhstan Temir Zholy Finance BV	6.375		10/06/20		687,500
	875,000		Norfolk Southern Corp	3.000		04/01/22		885,104
	300,000		Norfolk Southern Corp	5.590		05/17/25		362,414
	640,000	g	TAM Capital 3, Inc	8.375		06/03/21		664,000
	310,000	g	Transnet Ltd	4.500		02/10/16		323,187
	262,000		Union Pacific Corp	4.163		07/15/22		291,892
	500,000		Union Pacific Corp	4.750		09/15/41		542,331
			TOTAL TRANSPORTATION					13,013,741
UTILITIES - 3.6%
	500,000	g	Abu Dhabi National Energy Co	5.875		12/13/21		553,125
	500,000		AES Corp	7.750		03/01/14		542,500
	1,750,000		AES Corp	8.000		10/15/17		1,990,625
	305,000	g	AES Gener S.A.	5.250		08/15/21		322,396
	350,000		AGL Capital Corp	5.250		08/15/19		405,422
	365,000		Alliant Energy Corp	4.000		10/15/14		383,956
	250,000		Atmos Energy Corp	8.500		03/15/19		334,433
	1,000,000	g	Calpine Corp	7.250		10/15/17		1,075,000
	750,000	g	Calpine Corp	7.500		02/15/21		810,000
	705,000	g	Calpine Corp	7.875		01/15/23		768,450
	190,000		Carolina Power & Light Co	5.125		09/15/13		200,061
	250,000		Carolina Power & Light Co	5.300		01/15/19		300,081
	275,000		Carolina Power & Light Co	5.700		04/01/35		344,032
	200,000		CenterPoint Energy Houston Electric LLC	7.000		03/01/14		220,294
	300,000		CenterPoint Energy Resources Corp	6.250		02/01/37		345,372
	300,000		CenterPoint Energy Resources Corp	5.850		01/15/41		361,577
	750,000	g	Centrais Eletricas Brasileiras S.A.	5.750		10/27/21		819,750
	1,500,000	g	CEZ AS.	4.250		04/03/22		1,536,855
	600,000	g	CEZ AS.	5.625		04/03/42		630,150
	500,000	g	China Resources Gas Group Ltd	4.500		04/05/22		511,754
	1,000,000		CMS Energy Corp	5.050		03/15/22		1,037,238
	450,000	g	Colbun S.A.	6.000		01/21/20		483,830
	375,000	g	Comision Federal de Electricidad	4.875		05/26/21		405,000
	625,000	g	Comision Federal de Electricidad	5.750		02/14/42		656,250
	1,895,000		Commonwealth Edison Co	4.000		08/01/20		2,107,448
	200,000		Commonwealth Edison Co	5.900		03/15/36		259,384
	200,000		Connecticut Light & Power Co	5.500		02/01/19		239,366
	375,000		Detroit Edison Co	3.950		06/15/42		381,159
	300,000		Dominion Resources, Inc	4.900		08/01/41		339,046
	200,000		Duke Energy Carolinas LLC	4.300		06/15/20		228,734
	1,000,000		Duke Energy Corp	3.950		09/15/14		1,061,478

42

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$250,000		Indiana Michigan Power Co	7.000	%	03/15/19	$	310,914
	125,000		Integrys Energy Group, Inc	4.170		11/01/20		134,836
	1,125,000	g	Israel Electric Corp Ltd	6.700		02/10/17		1,165,638
	100,000	g	Kansas Gas & Electric	6.700		06/15/19		124,742
	1,000,000		Kinder Morgan Energy Partners LP	3.500		03/01/16		1,057,282
	715,000	g	KMG Finance Sub BV	6.375		04/09/21		786,500
	870,000	g	Korea Hydro & Nuclear Power Co Ltd	4.750		07/13/21		945,787
	350,000		LG&E and KU Energy LLC	3.750		11/15/20		358,583
	250,000		Midamerican Energy Holdings Co	5.950		05/15/37		310,085
	250,000		National Fuel Gas Co	5.250		03/01/13		256,438
	250,000		Nevada Power Co	6.650		04/01/36		336,522
	1,000,000		Nevada Power Co	5.450		05/15/41		1,200,866
	1,000,000		NRG Energy, Inc	7.375		01/15/17		1,040,000
	500,000	g	Oncor Electric Delivery Co LLC	4.550		12/01/41		476,082
	325,000		Pacific Gas & Electric Co	8.250		10/15/18		438,076
	500,000		Pacific Gas & Electric Co	4.450		04/15/42		524,864
	150,000		PacifiCorp	6.000		01/15/39		197,083
	250,000		Pepco Holdings, Inc	2.700		10/01/15		256,615
	1,500,000	g	Perusahaan Listrik Negara PT	5.500		11/22/21		1,567,500
	500,000		PG&E Corp	5.750		04/01/14		537,978
	50,000		Potomac Electric Power Co	7.900		12/15/38		81,562
	500,000		PPL Capital Funding, Inc	4.200		06/15/22		501,604
	275,000		Progress Energy, Inc	7.050		03/15/19		345,689
	550,000		Public Service Co of Colorado	4.750		08/15/41		635,441
	400,000		Public Service Co of Oklahoma	5.150		12/01/19		462,755
	1,050,000	g	Puget Energy, Inc	5.625		07/15/22		1,078,875
	1,750,000		Questar Market Resources, Inc	6.875		03/01/21		1,942,500
	500,000		Sabine Pass LNG LP	7.500		11/30/16		525,000
	150,000		San Diego Gas & Electric Co	3.000		08/15/21		158,458
	300,000		San Diego Gas & Electric Co	3.950		11/15/41		315,731
	200,000		Tampa Electric Co	4.100		06/15/42		201,475
	175,000		Veolia Environnement	5.250		06/03/13		180,640
	420,000		Virginia Electric and Power Co	2.950		01/15/22		432,692
	225,000		Williams Partners LP	3.800		02/15/15		236,696
	1,000,000	g	Wpd Investment Holdings Ltd	3.900		05/01/16		1,048,059
	300,000		Xcel Energy, Inc	4.800		09/15/41		335,705
			TOTAL UTILITIES					40,164,039
			TOTAL CORPORATE BONDS					433,906,186
			(Cost $414,050,404)
GOVERNMENT BONDS - 43.3%
AGENCY SECURITIES - 0.3%
	1,000,000		Federal Farm Credit Bank (FFCB)	1.375		06/25/13		1,011,123
	415,000		Federal Home Loan Mortgage Corp (FHLMC)	2.500		04/23/14		431,162
	1,597,263		Cal Dive I- Title XI, Inc	4.930		02/01/27		1,803,023
			TOTAL AGENCY SECURITIES					3,245,308
FOREIGN GOVERNMENT BONDS - 7.3%
	6,450,000	g	Bank of Montreal	2.625		01/25/16		6,808,884
	1,450,000	g	Bank of Nova Scotia	1.450		07/26/13		1,464,702

43

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,500,000	g	Bank of Nova Scotia	1.650	%	10/29/15	$	1,533,651
	4,800,000	g	Bank of Nova Scotia	2.150		08/03/16		4,988,534
	1,070,000		Brazilian Government International Bond	4.875		01/22/21		1,237,455
	2,000,000	g	Caisse Centrale Desjardins du Quebec	2.550		03/24/16		2,104,908
	3,000,000	g	Caisse Centrale Desjardins du Quebec	1.600		03/06/17		3,033,630
	1,275,000		Canada Government International Bond	0.875		02/14/17		1,281,568
	3,000,000	g	Canadian Imperial Bank of Commerce	2.000		02/04/13		3,027,687
	1,750,000	g	Canadian Imperial Bank of Commerce	2.750		01/27/16		1,857,324
	215,000		Chile Government International Bond	3.875		08/05/20		238,650
	475,000		Colombia Government International Bond	4.375		07/12/21		533,425
	400,000		Colombia Government International Bond	6.125		01/18/41		520,000
	950,000	g	Croatia Government International Bond	6.250		04/27/17		947,442
	540,000	g	Croatia Government International Bond	6.375		03/24/21		528,503
	260,000	g	Democratic Socialist Republic of Sri Lanka	7.400		01/22/15		278,200
	500,000		Egypt Government AID Bonds	4.450		09/15/15		559,850
	1,776,000		Eksportfinans ASA	2.000		09/15/15		1,589,424
	778,000	g	Eskom Holdings Ltd	5.750		01/26/21		850,937
	275,000		European Investment Bank	4.875		02/15/36		319,053
	500,000		Export Development Canada	2.250		05/28/15		525,070
	240,000		Export-Import Bank of Korea	3.750		10/20/16		253,343
	525,000		Export-Import Bank of Korea	5.125		06/29/20		585,519
	100,000		Federative Republic of Brazil	6.000		01/17/17		117,800
	475,000	g	Guatemala Government Bond	5.750		06/06/22		494,000
	1,000,000	g	Indonesia Government International Bond	3.750		04/25/22		997,500
	750,000		Israel Government International Bond	4.000		06/30/22		776,077
	225,000		Italy Government International Bond	5.375		06/12/17		222,821
	180,000		Italy Government International Bond	6.875		09/27/23		182,592
	1,900,000	g	Kommunalbanken AS.	1.375		06/08/17		1,892,864
	750,000	g	Lithuania Government International Bond	5.125		09/14/17		791,250
	765,000	g	Lithuania Government International Bond	6.625		02/01/22		875,925
	6,500,000		Mexican Bonos	6.500		06/09/22		526,488
	750,000		Mexico Government International Bond	3.625		03/15/22		796,125
	150,000		Mexico Government International Bond	6.750		09/27/34		204,750
	250,000		Mexico Government International Bond	4.750		03/08/44		269,375
	500,000	g	Namibia International Bonds	5.500		11/03/21		520,000
	575,000	g	National Bank of Canada	1.650		01/30/14		584,805
	3,000,000	g	Nederlandse Waterschapsbank NV	2.125		02/09/17		3,028,272
	500,000		Panama Government International Bond	5.200		01/30/20		583,750
	135,000		Peruvian Government International Bond	7.350		07/21/25		189,675
	420,000		Poland Government International Bond	3.875		07/16/15		443,436
	1,183,000		Poland Government International Bond	5.125		04/21/21		1,307,806
	500,000		Poland Government International Bond	5.000		03/23/22		545,750
	750,000		Province of British Columbia Canada	2.850		06/15/15		797,505
	5,000,000		Province of British Columbia Canada	1.200		04/25/17		5,048,880
	1,400,000		Province of Ontario Canada	4.100		06/16/14		1,493,744
	500,000		Province of Ontario Canada	2.950		02/05/15		527,508
	1,750,000		Province of Ontario Canada	2.700		06/16/15		1,844,922
	5,000,000		Province of Ontario Canada	2.300		05/10/16		5,216,265
	620,000		Province of Quebec Canada	4.625		05/14/18		724,812
	1,000,000		Province of Quebec Canada	3.500		07/29/20		1,100,000
	3,000,000		Province of Quebec Canada	2.750		08/25/21		3,103,131
	500,000	g	Qatar Government International Bond	4.500		01/20/22		551,750

44

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$750,000	g	Republic of Ghana	8.500	%	10/04/17	$	830,625
	770,000	g	Republic of Indonesia	4.875		05/05/21		839,300
	416,667		Republic of Serbia	6.750		11/01/24		400,000
	900,000		Republic of Turkey	6.000		01/14/41		947,250
	750,000	g	Romanian Government International Bond	6.750		02/07/22		781,875
	240,000	g	Russian Foreign Bond - Eurobond	3.625		04/29/15		248,273
	750,000	g	Russian Foreign Bond - Eurobond	3.250		04/04/17		754,680
	320,000	g	Russian Foreign Bond - Eurobond	5.000		04/29/20		348,000
	220,000	g	Russian Foreign Bond - Eurobond	4.500		04/04/22		230,474
	1,000,000	g	Slovakia Government International Bond	4.375		05/21/22		985,000
	400,000		South Africa Government International Bond	5.875		05/30/22		476,344
	750,000		South Africa Government International Bond	4.665		01/17/24		811,875
	75,000		South Africa Government International Bond	6.250		03/08/41		94,875
	270,000	g	Sri Lanka Government International Bond	6.250		07/27/21		271,579
	395,000		Turkey Government International Bond	5.125		03/25/22		411,294
	850,000		Turkey Government International Bond	6.250		09/26/22		962,625
	465,000		Turkey Government International Bond	6.750		05/30/40		540,562
	152,000		United Mexican States	5.875		02/17/14		162,868
	300,000		United Mexican States	5.950		03/19/19		365,700
	500,000		United Mexican States	5.125		01/15/20		586,250
			TOTAL FOREIGN GOVERNMENT BONDS					81,876,786
MORTGAGE BACKED - 24.8%
	1,377,674		Federal Home Loan Mortgage Corp (FHLMC) (Interest Only)	4.000		06/15/34		95,147
	399,707	i	FHLMC	2.380		02/01/36		424,614
	1,205,849	i	FHLMC	2.732		07/01/36		1,289,268
	349,515	i	FHLMC	2.603		09/01/36		373,508
	269,080	i	FHLMC	2.605		09/01/36		285,516
	183,381	i	FHLMC	5.741		02/01/37		197,585
	490,416	i	FHLMC	2.835		03/01/37		524,032
	57,184	i	FHLMC	5.932		04/01/37		62,181
	42,492	i	FHLMC	5.758		05/01/37		45,953
	795,987	i	FHLMC	3.871		06/01/37		851,083
	317,189	i	FHLMC	4.946		08/01/37		336,358
	1,035,954		FHLMC	5.500		08/01/39		1,144,087
	29,358		Federal Home Loan Mortgage Corp Gold (FGLMC)	6.500		12/01/16		31,499
	459,206		FGLMC	5.500		01/01/19		502,663
	99,760		FGLMC	4.500		01/01/20		106,625
	619,219		FGLMC	4.500		07/01/20		669,841
	188,044		FGLMC	4.500		09/01/20		200,867
	202,943		FGLMC	5.000		10/01/20		218,157
	390,051		FGLMC	5.500		10/01/20		426,964
	25,542		FGLMC	7.000		10/01/20		29,847
	161,801		FGLMC	4.500		06/01/21		172,834
	284,448		FGLMC	5.500		08/01/21		310,389
	99,125		FGLMC	5.000		04/01/23		106,106
	123,784		FGLMC	4.500		09/01/24		131,625
	55,310		FGLMC	6.500		01/01/29		63,280
	4,614		FGLMC	8.000		01/01/31		5,671
	297,190		FGLMC	6.000		03/01/33		333,214
	1,178,303		FGLMC	5.500		12/01/33		1,292,825
	986,655		FGLMC	7.000		12/01/33		1,175,543

45

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$793,751		FGLMC	5.000	%	01/01/34	$	858,834
	362,338		FGLMC	5.000		05/01/34		391,651
	473,004		FGLMC	4.500		10/01/34		506,413
	208,934		FGLMC	5.500		12/01/34		228,871
	618,659		FGLMC	5.500		03/01/35		676,468
	335,226		FGLMC	6.000		04/01/35		369,367
	399,884		FGLMC	7.000		05/01/35		476,439
	1,093,846		FGLMC	5.500		06/01/35		1,196,742
	609,593		FGLMC	5.500		06/01/35		666,707
	103,651		FGLMC	5.000		02/01/36		111,728
	212,388		FGLMC	5.500		04/01/36		233,416
	19,275		FGLMC	6.500		05/01/36		21,643
	225,104		FGLMC	6.500		10/01/36		252,759
	499,143		FGLMC	5.500		04/01/37		543,133
	239,587		FGLMC	6.000		08/01/37		263,177
	43,790		FGLMC	6.000		09/01/37		48,578
	196,142		FGLMC	6.500		11/01/37		220,239
	771,918		FGLMC	5.000		04/01/38		846,427
	381,593		FGLMC	6.000		11/01/38		418,786
	545,747		FGLMC	4.000		06/01/39		579,542
	426,936		FGLMC	4.500		11/01/40		471,766
	2,885,298		FGLMC	4.000		12/01/40		3,106,344
	3,277,156		FGLMC	4.000		12/01/40		3,544,608
	1,300,269		FGLMC	4.000		12/01/40		1,406,386
	476,774		FGLMC	4.500		12/01/40		524,752
	5,921,900		FGLMC	4.000		01/01/41		6,348,741
	3,000,000	h	FGLMC	3.500		07/15/42		3,147,188
	3,000,000	h	FGLMC	4.000		07/15/42		3,183,281
	9,000,000	h	FGLMC	4.500		07/15/42		9,611,719
	3,000,000	h	FGLMC	5.000		07/15/42		3,224,531
	3,749		Federal National Mortgage Association (FNMA)	5.000		06/01/13		3,898
	2,051,497		FNMA	4.778		02/01/14		2,132,255
	2,632,364		FNMA	4.640		11/01/14		2,804,791
	358,783		FNMA	4.563		01/01/15		379,385
	51,071		FNMA	6.500		10/01/16		54,826
	30,885		FNMA	6.500		11/01/16		33,156
	141,666		FNMA	5.000		12/01/17		153,387
	50,861		FNMA	6.500		02/01/18		56,056
	134,236		FNMA	5.500		04/01/18		147,089
	70,284		FNMA	5.500		05/01/18		77,014
	63,208		FNMA	6.000		01/01/19		69,497
	1,000,000		FNMA	4.000		02/25/19		1,058,170
	400,969		FNMA	4.500		04/01/19		431,506
	97,709		FNMA	4.500		06/01/19		105,150
	146,794		FNMA	5.000		03/01/20		158,939
	48,119		FNMA	4.500		11/01/20		51,783
	54,494		FNMA	4.500		12/01/20		59,598
	133,858		FNMA	5.000		12/01/20		144,954
	232,942		FNMA	5.000		03/01/21		252,215
	20,795		FNMA	8.000		03/01/23		23,756
	256,281		FNMA	5.500		02/01/24		282,392
	299,816		FNMA	4.000		05/01/24		319,043

46

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$583,853		FNMA	5.500	%	07/01/24	$	642,606
	249,105		FNMA	4.500		08/01/24		267,181
	1,225,454		FNMA	5.000		10/01/25		1,340,394
	11,615		FNMA	9.000		11/01/25		14,318
	4,968,775	h	FNMA	3.000		05/01/27		5,254,185
	11,000,000	h	FNMA	3.000		07/25/27		11,524,218
	1,000,000	h	FNMA	4.000		07/25/27		1,063,438
	11,027		FNMA	7.500		01/01/29		13,253
	289,865		FNMA	7.000		07/01/32		342,678
	55,903		FNMA	5.000		02/01/33		60,832
	429,869		FNMA	4.500		03/25/33		451,149
	168,636		FNMA	5.000		07/01/33		183,504
	671,261		FNMA	5.500		07/01/33		737,971
	505,928		FNMA	4.500		08/01/33		544,508
	545,126		FNMA	4.500		10/01/33		586,694
	198,380		FNMA	5.000		10/01/33		215,870
	262,044		FNMA	5.000		10/01/33		285,148
	593,195		FNMA	5.000		11/01/33		664,033
	607,703		FNMA	5.000		11/01/33		680,273
	364,966		FNMA	5.500		12/01/33		401,236
	142,103		FNMA	5.500		12/01/33		156,669
	447,216		FNMA	5.000		03/01/34		486,646
	101,559		FNMA	5.000		03/01/34		110,513
	106,077		FNMA	5.000		03/01/34		115,430
	865,930		FNMA	5.000		03/01/34		942,278
	87,137		FNMA	5.000		03/01/34		94,820
	724,648		FNMA	5.000		04/01/34		788,086
	1,633,460		FNMA	5.000		08/01/34		1,773,755
	322,703		FNMA	6.000		08/01/34		363,383
	121,170		FNMA	6.000		12/01/34		135,839
	251,087		FNMA	5.500		01/01/35		277,138
	547,579		FNMA	5.500		02/01/35		601,997
	209,212		FNMA	6.000		04/01/35		233,493
	1,567,560		FNMA	5.500		05/01/35		1,741,469
	2,161,374		FNMA	5.500		05/01/35		2,396,908
	745,045		FNMA	6.000		05/01/35		830,119
	22,645		FNMA	7.500		06/01/35		25,151
	409,199		FNMA	6.000		07/01/35		452,727
	394,659		FNMA	5.000		08/01/35		428,222
	113,815		FNMA	5.000		10/01/35		123,494
	1,254,507		FNMA	5.000		10/01/35		1,361,194
	263,590		FNMA	5.500		12/01/35		289,124
	322,610		FNMA	5.000		02/01/36		350,842
	352,648		FNMA	6.000		03/01/36		388,617
	735,300		FNMA	6.000		04/01/36		810,299
	255,588		FNMA	6.500		04/01/36		288,566
	377,120	i	FNMA	2.385		07/01/36		396,100
	535,584	i	FNMA	2.669		09/01/36		574,313
	206,506		FNMA	6.500		09/01/36		234,636
	222,903		FNMA	6.000		12/01/36		245,639
	119,142		FNMA	7.000		02/01/37		138,667
	342,719		FNMA	6.500		03/01/37		389,403

47

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$33,130		FNMA	7.000	%	04/01/37	$	38,559
	132,313		FNMA	6.500		08/01/37		150,460
	105,960		FNMA	6.500		08/01/37		120,394
	40,059		FNMA	6.000		09/01/37		44,833
	56,689		FNMA	6.000		09/01/37		63,445
	62,829		FNMA	6.000		09/01/37		70,317
	75,906		FNMA	6.000		09/01/37		84,953
	269,931		FNMA	6.500		09/01/37		304,760
	84,877		FNMA	6.500		09/01/37		96,089
	155,285		FNMA	6.500		09/01/37		175,321
	337,965		FNMA	6.500		09/01/37		381,573
	94,668		FNMA	6.500		09/01/37		107,564
	134,914	i	FNMA	5.890		10/01/37		143,342
	2,951,844		FNMA	6.000		11/01/37		3,252,929
	103,414		FNMA	6.000		11/01/37		113,962
	447,239		FNMA	6.000		11/01/38		491,879
	234,642		FNMA	5.500		01/01/39		256,054
	220,456		FNMA	6.000		01/01/39		242,460
	286,407		FNMA	6.000		01/01/39		314,994
	425,716		FNMA	4.500		02/01/39		456,849
	826,105		FNMA	4.500		02/01/39		886,518
	231,467		FNMA	5.500		02/01/39		252,589
	7,342,542		FNMA	6.000		04/01/39		8,091,473
	397,661		FNMA	4.500		05/01/39		426,742
	463,795		FNMA	4.500		08/01/39		497,713
	3,000,000		FNMA	4.000		02/25/40		3,273,868
	1,692,179		FNMA	4.500		09/01/40		1,821,217
	1,575,403		FNMA	4.500		09/01/40		1,695,536
	4,545,244		FNMA	4.500		10/01/40		4,964,282
	1,576,237		FNMA	4.000		11/01/40		1,680,247
	1,745,385		FNMA	4.500		11/01/40		1,893,993
	17,000,000	h	FNMA	3.500		07/25/42		17,868,595
	36,000,000	h	FNMA	4.000		07/25/42		38,311,877
	10,000,000	h	FNMA	4.500		07/25/42		10,726,562
	13,000,000	h	FNMA	5.000		07/25/42		14,068,438
	3,000,000	h	FNMA	5.500		07/25/42		3,272,344
	5,000,000	h	FNMA	6.000		07/25/42		5,494,531
	25,636		Government National Mortgage Association (GNMA)	7.500		11/15/23		30,358
	4,687		GNMA	7.500		08/15/28		4,823
	33,579		GNMA	6.500		12/15/28		39,236
	81,306		GNMA	6.500		03/15/29		94,876
	24,818		GNMA	8.500		10/20/30		31,105
	8,316		GNMA	7.000		06/20/31		10,048
	143,240		GNMA	5.000		02/15/33		158,811
	124,430		GNMA	5.500		07/15/33		138,972
	855,512		GNMA	5.000		09/15/33		948,512
	192,505		GNMA	5.500		11/20/33		215,123
	776,835		GNMA	5.500		02/20/35		867,138
	269,145		GNMA	5.500		03/20/35		300,431
	135,666		GNMA	6.000		10/20/36		152,518
	141,583		GNMA	6.000		01/20/37		159,170
	209,204		GNMA	6.000		02/20/37		235,190

48

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$387,935		GNMA	6.000	%	12/15/37	$	435,970
	302,910		GNMA	5.000		04/15/38		333,472
	306,522		GNMA	5.500		07/15/38		340,334
	365,957		GNMA	5.500		07/20/38		406,439
	142,954		GNMA	6.000		08/15/38		160,654
	135,632		GNMA	6.000		08/20/38		152,119
	664,236		GNMA	4.500		03/15/39		727,543
	200,557		GNMA	5.000		07/20/39		221,646
	244,218		GNMA	4.000		08/15/39		267,549
	7,528,859		GNMA	4.500		01/20/41		8,314,927
	2,000,000	h	GNMA	3.500		07/15/42		2,139,062
	13,000,000	h	GNMA	4.000		07/15/42		14,196,406
	4,000,000	h	GNMA	4.500		07/15/42		4,373,125
	3,000,000	h	GNMA	5.000		07/15/42		3,300,938
	1,000,000	h	GNMA	5.500		07/15/42		1,109,531
	5,000,000	h	GNMA	4.500		07/20/42		5,496,094
	3,000,000	h	GNMA	5.000		07/20/42		3,313,125
			TOTAL MORTGAGE BACKED					277,317,911
MUNICIPAL BONDS - 0.2%
	600,000		Grant County Public Utility District No 2	5.630		01/01/27		712,728
	775,000		State of California	7.625		03/01/40		1,001,951
	775,000		State of Illinois	6.725		04/01/35		850,260
			TOTAL MUNICIPAL BONDS					2,564,939
U.S. TREASURY SECURITIES - 10.7%
	3,902,500		United States Treasury Bond	5.250		02/15/29		5,504,964
	8,235,000		United States Treasury Bond	5.375		02/15/31		11,999,943
	507,000		United States Treasury Bond	4.500		02/15/36		680,964
	742,500		United States Treasury Bond	4.750		02/15/41		1,048,781
	14,130,000		United States Treasury Bond	4.375		05/15/41		18,872,381
	4,072,000		United States Treasury Bond	3.125		02/15/42		4,373,580
	100,000		United States Treasury Note	0.250		10/31/13		99,953
	830,000		United States Treasury Note	0.125		12/31/13		827,796
	200,000		United States Treasury Note	0.250		06/30/14		199,750
	2,887,000		United States Treasury Note	2.500		04/30/15		3,055,936
	2,075,000		United States Treasury Note	0.375		06/15/15		2,073,218
	9,502,000		United States Treasury Note	1.250		09/30/15		9,736,585
	1,000,000		United States Treasury Note	2.375		03/31/16		1,067,578
	340,000		United States Treasury Note	0.625		05/31/17		338,433
	25,614,000		United States Treasury Note	0.750		06/30/17		25,640,024
	18,830,000		United States Treasury Note	2.375		05/31/18		20,401,138
	530,000		United States Treasury Note	1.750		10/31/18		554,554
	280,000		United States Treasury Note	2.625		11/15/20		307,760
	4,302,000		United States Treasury Note	8.000		11/15/21		6,753,469
	575,000		United States Treasury Note	2.000		02/15/22		594,361
	5,089,000		United States Treasury Note	1.750		05/15/22		5,130,348
			TOTAL U.S. TREASURY SECURITIES					119,261,516
			TOTAL GOVERNMENT BONDS					484,266,460
			(Cost $461,290,155)

49

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
STRUCTURED ASSETS - 11.3%
ASSET BACKED - 5.6%
	$4,408,565	g	ABSC Manufactured Housing Contract	5.019	%	04/16/30	$	4,477,449
			Series - 2004 OK1 (Class A3)
	596,588		Accredited Mortgage Loan Trust	4.330		06/25/33		507,498
			Series - 2003 1 (Class A1)
	1,000,000		AmeriCredit Automobile Receivables Trust	2.850		08/08/16		1,027,017
			Series - 2011 1 (Class C)
	2,315,552	i	Ameriquest Mortgage Securities	0.565		05/25/35		2,268,465
			Series - 0 R3 (Class A3D)
	100,000	g,i,m	ARTS Ltd	0.724		06/15/13		97,000
			Series - 2005 BA (Class B)
	375,000	g	Avis Budget Rental Car Funding AESOP LLC	3.150		03/20/17		393,542
			Series - 2010 5A (Class A)
	991,423	i	Bear Stearns Asset Backed Securities Trust	0.615		11/25/39		894,770
			Series - 2005 SD3 (Class 2A1)
	1,477,629	i	BNC Mortgage Loan Trust	0.345		05/25/37		1,333,849
			Series - 0 2 (Class A2)
	876,053		Centex Home Equity	5.540		01/25/32		882,615
			Series - 2002 A (Class AF6)
	674,364	i	Chase Funding Mortgage Loan Asset-Backed Certificates	5.700		02/25/35		150,402
			Series - 2004 2 (Class 1B)
	674,364	i	Chase Funding Mortgage Loan Asset-Backed Certificates	5.700		02/25/35		371,413
			Series - 2004 2 (Class 1M1)
	669,498		CIT Group Home Equity Loan Trust	6.390		12/25/30		94,257
			Series - 2002 2 (Class MF2)
	1,784,154		Countrywide Asset-Backed Certificates	5.216		10/25/17		1,740,615
			Series - 2002 S4 (Class A5)
	424,430	i	Countrywide Asset-Backed Certificates	0.665		02/25/36		421,895
			Series - 2005 11 (Class 3AV3)
	1,291,496	i	Countrywide Asset-Backed Certificates	5.513		08/25/36		1,275,312
			Series - 2006 S9 (Class A2)
	454,785	i	Countrywide Asset-Backed Certificates	0.355		11/25/36		446,742
			Series - 0 S1 (Class A1A)
	2,142,981	i	Countrywide Asset-Backed Certificates	0.305		11/25/37		2,110,274
			Series - 2007 8 (Class 2A1)
	585,715	i	Countrywide Asset-Backed Certificates	5.683		10/25/46		586,292
			Series - 2006 15 (Class A2)
	73,286	g	Credit-Based Asset Servicing and Securitization LLC	6.159		12/25/36		70,551
			Series - 2007 MX1 (Class A1)
	1,025,000	g,i	DB/UBS Mortgage Trust	5.728		11/10/46		1,053,219
			Series - 2011 LC1A (Class C)
	2,542,591	i	First Franklin Mortgage Loan Asset Backed Certificates	0.685		03/25/35		2,395,484
			Series - 2005 FF2 (Class M2)
	1,237,541	g	Flagstar Home Equity Loan Trust	5.781		01/25/35		1,182,161
			Series - 2007 1A (Class AF3)
	400,000		Ford Credit Auto Owner Trust	3.210		07/15/17		416,164
			Series - 2011 A (Class D)
	2,748,857	g,i	GMAC MORTGAGE CORP LOAN TRUST	0.995		02/25/31		2,432,626
			Series - 2004 VF1 (Class A1)
	3,254,794	i	Greenpoint Mortgage Funding Trust	0.605		07/25/30		3,055,229
			Series - 2005 HE4 (Class 2A4C)

50

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,022,759	i	HSI Asset Securitization Corp Trust	0.605	%	07/25/35	$	1,008,668
			Series - 2005 NC1 (Class 2A3)
	2,809,091	i	HSI Asset Securitization Corp Trust	0.435		12/25/35		2,583,796
			Series - 2006 OPT1 (Class 2A3)
	1,330,168		Lehman XS Trust	6.500		06/25/46		741,759
			Series - 2006 13 (Class 2A1)
	4,296,501	i	Lehman XS Trust	0.405		08/25/46		3,280,808
			Series - 2006 GP4 (Class 3A2A)
	868,232	i	Long Beach Mortgage Loan Trust	0.995		02/25/35		857,479
			Series - 2005 1 (Class M1)
	3,026	i	Morgan Stanley ABS Capital I	0.285		01/25/37		3,016
			Series - 2007 HE2 (Class A2A)
	1,828,967		Renaissance Home Equity Loan Trust	5.392		07/25/34		1,862,739
			Series - 2004 2 (Class AF4)
	1,235,000		Renaissance Home Equity Loan Trust	5.586		11/25/36		580,393
			Series - 2006 3 (Class AF3)
	403,831		Residential Asset Mortgage Products, Inc	4.970		09/25/33		415,020
			Series - 2003 RZ5 (Class A7)
	114,176	i	Residential Asset Mortgage Products, Inc	0.685		07/25/35		113,486
			Series - 2005 EFC2 (Class M1)
	194,065	i	Residential Asset Securities Corp	6.489		10/25/30		177,991
			Series - 2001 KS2 (Class AI6)
	151,400	i	Residential Asset Securities Corp	0.675		04/25/35		142,732
			Series - 2005 KS3 (Class M3)
	760,638		Residential Funding Mortgage Securities II, Inc	5.500		08/25/25		757,323
			Series - 2006 HI5 (Class A3)
	1,850,000		Residential Funding Mortgage Securities II, Inc	6.130		09/25/35		1,271,546
			Series - 2005 HI3 (Class M5)
	4,409,960		Residential Funding Mortgage Securities II, Inc	5.790		02/25/36		4,410,516
			Series - 2006 HI2 (Class A3)
	707,480		Residential Funding Mortgage Securities II, Inc	5.960		02/25/36		708,323
			Series - 2006 HI3 (Class A3)
	500,000		Residential Funding Mortgage Securities II, Inc	6.010		02/25/36		467,282
			Series - 2006 HI1 (Class M1)
	1,500,000		Residential Funding Mortgage Securities II, Inc	6.060		02/25/36		1,301,811
			Series - 2006 HI1 (Class M2)
	896,498	i	SACO I, Inc	0.795		05/25/35		859,437
			Series - 2005 5 (Class 2M1)
	762,407	i	SACO I, Inc	0.805		09/25/35		741,501
			Series - 2005 7 (Class A)
	769,605	i	SACO I, Inc	0.805		11/25/35		693,201
			Series - 2005 8 (Class A1)
	2,375,409	i	SACO I, Inc	1.005		11/25/35		2,150,429
			Series - 2005 8 (Class A3)
	610,629		Saxon Asset Securities Trust	6.120		11/25/30		613,584
			Series - 2002 2 (Class AF6)
	772,105	i	Securitized Asset Backed Receivables LLC	0.545		10/25/35		735,313
			Series - 2006 OP1 (Class A2C)
	340,000	g	SLM Student Loan Trust	3.740		02/15/29		351,231
			Series - 2011 B (Class A2)
	1,521,722	i	Soundview Home Equity Loan Trust	0.545		11/25/35		1,424,928
			Series - 2005 OPT3 (Class A4)

51

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$264,069	i	Soundview Home Equity Loan Trust	0.355	%	10/25/36	$	262,146
			Series - 2006 EQ1 (Class A2)
	1,050,776	i	Structured Asset Investment Loan Trust	0.645		05/25/35		1,009,426
			Series - 2005 4 (Class M1)
	975,796	i	Structured Asset Investment Loan Trust	0.525		12/25/35		967,239
			Series - 2005 10 (Class A5)
	1,500,000	i	Structured Asset Securities Corp	0.725		07/25/35		690,393
			Series - 2005 WF3 (Class M1)
	455,000	g	Vornado DP LLC	5.280		09/13/28		482,022
			Series - 2010 VNO (Class C)
	701,902	g,m	Wachovia Amortization Controlled Heloc NIM	5.683		08/12/47		638,731
			Series - 2006 N1 (Class N1)
	177,869	g,i	Wachovia Loan Trust	0.605		05/25/35		139,562
			Series - 2005 SD1 (Class A)
	116,378	i	Wells Fargo Home Equity Trust	0.385		07/25/36		105,830
			Series - 2006 2 (Class A3)
	200,000		World Financial Network Credit Card Master Trust	6.750		04/15/19		221,477
			Series - 2010 A (Class B)
			TOTAL ASSET BACKED					62,455,979
OTHER MORTGAGE BACKED - 5.7%
	2,000,000	g	7 WTC Depositor LLC Trust	4.082		03/13/31		2,031,982
			Series - 2012 7WTC (Class A)
	800,000		Banc of America Commercial Mortgage, Inc	5.675		07/10/46		850,510
			Series - 2006 4 (Class AM)
	42,706	i	Banc of America Funding Corp	0.324		05/20/47		42,583
			Series - 2007 C (Class 7A3)
	411,075	g,i	Banc of America Large Loan, Inc	0.502		03/15/22		409,040
			Series - 2005 MIB1 (Class B)
	1,231,665	g,i	Banc of America Large Loan, Inc	0.552		03/15/22		1,207,093
			Series - 2005 MIB1 (Class C)
	184,000	g,i	Banc of America Large Loan, Inc	0.602		03/15/22		178,949
			Series - 2005 MIB1 (Class D)
	152,000	g,i	Banc of America Large Loan, Inc	0.642		03/15/22		147,676
			Series - 2005 MIB1 (Class E)
	2,174,077	g,i	Banc of America Large Loan, Inc	5.898		02/15/51		2,265,708
			Series - 2010 UB3 (Class A4B3)
	890,282		Bear Stearns Asset Backed Securities Trust	5.250		04/25/35		770,452
			Series - 2005 AC2 (Class 1A)
	200,000		Bear Stearns Commercial Mortgage Securities	5.201		12/11/38		225,910
			Series - 2006 PW14 (Class A4)
	330,000	i	Bear Stearns Commercial Mortgage Securities	5.582		09/11/41		353,266
			Series - 2006 PW13 (Class AM)
	100,000	i	Bear Stearns Commercial Mortgage Securities	5.568		10/12/41		107,272
			Series - 2006 T24 (Class AM)
	140,000		Bear Stearns Commercial Mortgage Securities	5.700		06/11/50		161,122
			Series - 2007 PW18 (Class A4)
	538,416		Chase Mortgage Finance Corp	5.500		10/25/35		545,261
			Series - 2005 S2 (Class A25)
	1,031,167		Citicorp Mortgage Securities, Inc	5.500		07/25/35		995,203
			Series - 2005 4 (Class 1A7)

52

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$465,318		Citicorp Mortgage Securities, Inc	5.750	%	11/25/36	$	466,068
			Series - 2006 6 (Class A2)
	430,162		Citicorp Mortgage Securities, Inc	6.000		05/25/37		430,150
			Series - 2007 4 (Class 1A7)
	11,339	g,i	Citigroup Commercial Mortgage Trust	0.382		04/15/22		10,847
			Series - 2007 FL3A (Class A2)
	2,340,000	g	Commercial Mortgage Pass Through Certificates	4.305		12/10/24		2,354,457
			Series - 2011 STRT (Class B)
	1,625,000	g	Commercial Mortgage Pass Through Certificates	4.755		12/10/24		1,634,025
			Series - 2011 STRT (Class C)
	560,000	i	Commercial Mortgage Pass Through Certificates	5.650		12/10/49		589,799
			Series - 2007 C9 (Class AM)
	394,681		Countrywide Alternative Loan Trust	5.500		08/25/16		405,727
			Series - 2004 30CB (Class 1A15)
	2,509,273		Countrywide Alternative Loan Trust	5.500		08/25/34		2,553,968
			Series - 2004 14T2 (Class A2)
	1,298,686		Countrywide Alternative Loan Trust	5.500		10/25/35		69,797
			Series - 2005 42CB (Class A12)
	1,572,268	i	Countrywide Alternative Loan Trust	0.385		07/25/46		1,510,478
			Series - 2006 OA8 (Class 2A2)
	128,212		Countrywide Home Loan Mortgage Pass Through Trust	5.250		05/25/35		127,459
			Series - 2005 12 (Class 1A5)
	1,174,308	i	Countrywide Home Loan Mortgage Pass Through Trust	0.545		08/25/35		1,148,125
			Series - 2005 J2 (Class 3A6)
	325,592		Countrywide Home Loan Mortgage Pass Through Trust	4.500		09/25/35		325,757
			Series - 2005 J3 (Class 2A3)
	1,932,876		Countrywide Home Loan Mortgage Pass Through Trust	5.250		09/25/35		1,939,777
			Series - 2005 17 (Class 1A10)
	40,277		Countrywide Home Loan Mortgage Pass Through Trust	5.500		09/25/35		40,380
			Series - 2005 J3 (Class 1A1)
	102,040	g,i	Credit Suisse Mortgage Capital Certificates	0.422		04/15/22		93,366
			Series - 2007 TF2A (Class A1)
	725,000	g	Credit Suisse Mortgage Capital Certificates	5.626		05/15/23		812,292
			Series - 2006 OMA (Class D)
	2,400,000	g	Credit Suisse Mortgage Capital Certificates	5.383		02/15/40		2,349,818
			Series - 2009 RR1 (Class A3C)
	170,000		CS First Boston Mortgage Securities Corp	4.052		05/15/38		172,805
			Series - 2003 C3 (Class B)
	972,106	g	DB/UBS Mortgage Trust	3.742		11/10/46		1,041,312
			Series - 2011 LC1A (Class A1)
	709,396	g,i	Deutsche Mortgage Securities, Inc	5.248		06/26/35		719,712
			Series - 2005 WF1 (Class 1A2)
	425,000	g,i,m	GS Mortgage Securities Corp II	4.276		04/10/34		431,866
			Series - 2012 GSMS (Class C)
	305,000	g,i	GS Mortgage Securities Corp II	5.403		12/10/43		302,641
			Series - 2010 C2 (Class C)
	515,000	g,i	GS Mortgage Securities Corp II	5.403		12/10/43		557,629
			Series - 2010 C2 (Class B)
	100,000	g,i	HVB Mortgage Capital Corp	2.291		09/10/22		96,650
			Series - 2003 FL1A (Class J)
	3,156,871	i	Impac CMB Trust	0.885		08/25/35		2,202,861
			Series - 2005 5 (Class A1)

53

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,750,914	g,i	JP Morgan Chase Commercial Mortgage Securities Corp	0.617	%	07/15/19	$	1,694,010
			Series - 2007 FL1A (Class A1)
	361,325	g,i	JP Morgan Chase Commercial Mortgage Securities Corp	7.931		10/12/37		364,651
			Series - 2002 CIB5 (Class S1)
	129,045	g,i	JP Morgan Chase Commercial Mortgage Securities Corp	8.648		10/12/37		130,012
			Series - 2002 CIB5 (Class S2)
	2,090,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.440		05/15/45		2,243,442
			Series - 2006 LDP8 (Class AM)
	310,000	g,i	JP Morgan Chase Commercial Mortgage Securities Corp	5.431		07/15/46		295,225
			Series - 2011 C4 (Class C)
	720,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.336		05/15/47		796,569
			Series - 2006 LDP9 (Class A3)
	1,040,000	i	JP Morgan Chase Commercial Mortgage Securities Corp	6.009		06/15/49		1,141,716
			Series - 2007 LD11 (Class A4)
	61,461	i	JP Morgan Mortgage Trust	4.277		04/25/35		61,977
			Series - 2005 A2 (Class 5A1)
	1,120,000		LB-UBS Commercial Mortgage Trust	5.424		02/15/40		1,263,594
			Series - 2007 C1 (Class A4)
	320,000		LB-UBS Commercial Mortgage Trust	5.430		02/15/40		357,205
			Series - 2007 C2 (Class A3)
	75,000	i	LB-UBS Commercial Mortgage Trust	5.858		07/15/40		85,655
			Series - 2007 C6 (Class A4)
	116,803		MASTER Asset Securitization Trust	5.000		05/25/35		117,330
			Series - 2005 1 (Class 2A5)
	1,427,144		MASTR Alternative Loans Trust	5.500		02/25/35		1,061,030
			Series - 2005 1 (Class 6A5)
	3,367,689	i	Merrill Lynch Mortgage Investors, Inc	2.672		12/25/35		3,189,201
			Series - 2005 A9 (Class 2A1B)
	241,897	i	Merrill Lynch Mortgage Trust	5.107		07/12/38		260,622
			Series - 2005 CIP1 (Class AM)
	1,445,000	i	Morgan Stanley Capital I	5.447		02/12/44		1,633,857
			Series - 2007 HQ11 (Class A4)
	1,242,000	g,i	Morgan Stanley Capital I	5.422		09/15/47		1,238,208
			Series - 2011 C1 (Class C)
	82,000	g,i	Morgan Stanley Capital I	5.422		09/15/47		74,436
			Series - 2011 C1 (Class D)
	125,000	i	Morgan Stanley Capital I	5.544		11/12/49		129,464
			Series - 2007 T25 (Class AM)
	1,000,000	i	Nomura Asset Securities Corp	7.332		03/15/30		1,021,015
			Series - 1998 D6 (Class A2)
	488,635	i	Opteum Mortgage Acceptance Corp	0.645		02/25/35		473,829
			Series - 2005 1 (Class A4)
	138,904		RALI Trust	6.500		05/25/32		139,836
			Series - 2002 QS6 (Class A9)
	1,145,000	g,i	RBSCF Trust	4.799		04/15/24		1,200,150
			Series - 2010 MB1 (Class B)
	1,684,744		Residential Accredit Loans, Inc	4.350		03/25/34		1,734,526
			Series - 2004 QS4 (Class A1)
	869,167		Residential Accredit Loans, Inc	5.750		05/25/35		129,040
			Series - 2005 QS6 (Class A7)
	2,605,780	i	Residential Accredit Loans, Inc	0.435		05/25/46		1,379,242
			Series - 2006 QO5 (Class 2A1)

54

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,590,159	g,i	Springleaf Mortgage Loan Trust	2.667	%	09/25/57	$	1,589,144
			Series - 2012 1A (Class A)
	39,976	i	Structured Adjustable Rate Mortgage Loan Trust	1.005		03/25/35		39,400
			Series - 2005 6XS (Class A3)
	3,185,070	i	Structured Adjustable Rate Mortgage Loan Trust	0.585		08/25/35		2,621,634
			Series - 2005 16XS (Class A1)
	1,602,740	i	Structured Asset Mortgage Investments, Inc	0.555		09/25/45		920,615
			Series - 2005 AR6 (Class 2A1)
	111,796		Wachovia Bank Commercial Mortgage Trust	5.246		12/15/43		115,783
			Series - 2007 C30 (Class A3)
	1,425,000		Wachovia Bank Commercial Mortgage Trust	5.383		12/15/43		1,360,728
			Series - 2007 C30 (Class AM)
	880,000	i	Wachovia Bank Commercial Mortgage Trust	6.171		06/15/45		960,863
			Series - 2006 C26 (Class AM)
	415,000		Wachovia Bank Commercial Mortgage Trust	5.500		04/15/47		452,427
			Series - 2007 C31 (Class A5)
	225,000		Wachovia Bank Commercial Mortgage Trust	5.339		11/15/48		234,651
			Series - 2006 C29 (Class AM)
	100,000	i	Wachovia Bank Commercial Mortgage Trust	6.097		02/15/51		112,063
			Series - 2007 C33 (Class A4)
	498,076		Wells Fargo Mortgage Backed Securities Trust	5.500		04/25/35		497,899
			Series - 2005 2 (Class 1A1)
	225,000	g,i	Wells Fargo Mortgage Backed Securities Trust	5.276		11/15/43		250,092
			Series - 2010 C1 (Class B)
			TOTAL OTHER MORTGAGE BACKED					64,050,934
			TOTAL STRUCTURED ASSETS					126,506,913
			(Cost $128,353,111)
			TOTAL BONDS					1,044,679,559
			(Cost $1,003,693,670)

SHARES		COMPANY
PREFERRED STOCKS - 0.1%
DIVERSIFIED FINANCIALS - 0.1%
	54,446	GMAC Capital Trust I	8.125	02/15/40	1,309,426
		TOTAL DIVERSIFIED FINANCIALS			1,309,426
		TOTAL PREFERRED STOCKS			1,309,426
		(Cost $1,361,150)

55

TIAA-CREF FUNDS – Bond Plus Fund

PRINCIPAL			ISSUER		RATE		MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 17.3%
TREASURY DEBT - 17.3%
	$74,300,000	d	United States Treasury Bill		0.058-0.080	%	07/12/12	$	74,298,693
	7,560,000		United States Treasury Bill		0.045-0.081		07/19/12		7,559,819
	15,135,000	d	United States Treasury Bill		0.057-0.090		08/02/12		15,133,915
	44,400,000		United States Treasury Bill		0.048-0.057		08/23/12		44,396,793
	7,400,000	d	United States Treasury Bill		0.068-0.080		09/06/12		7,399,082
	2,200,000	d	United States Treasury Bill		0.105		09/13/12		2,199,654
	37,170,000	d	United States Treasury Bill		0.075		09/20/12		37,164,015
	5,000,000		United States Treasury Bill		0.080		09/27/12		4,998,975
			TOTAL TREASURY DEBT					$	193,150,946
			TOTAL SHORT-TERM INVESTMENTS						193,150,946
			(Cost $193,150,515)
			TOTAL INVESTMENTS - 114.7%						1,283,969,716
			(Cost $1,243,184,942)
			OTHER ASSETS & LIABILITIES, NET - (14.7)%						(164,176,327	)
			NET ASSETS - 100.0%					$	1,119,793,389
			Abbreviation(s):
			ABS	Asset-Based Security
			REIT	Real Estate Investment Trust
		d	All or a portion of these securities have been segregated by the custodian to cover collateral requirements on mortgage dollar rolls.
		g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 6/30/2012, the aggregate value of these securities amounted to $178,898,412 or 16.0% of net assets.
		h	All or a portion of these securities were purchased on a delayed delivery basis.
		i	Floating or variable rate security. Coupon reflects the rate at period end.
		m	Indicates a security that has been deemed illiquid.

56

TIAA-CREF FUNDS – Short-Term Bond Fund

TIAA-CREF FUNDS
SHORT-TERM BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2012

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
BANK LOAN OBLIGATIONS - 1.0%
CAPITAL GOODS - 0.1%
	$492,500	i	TransDigm, Inc	4.000	%	02/14/17	$	491,476
			TOTAL CAPITAL GOODS					491,476
CONSUMER SERVICES - 0.2%
	1,470,654	i	Ameristar Casinos, Inc	4.000		04/14/18		1,468,816
			TOTAL CONSUMER SERVICES					1,468,816
DIVERSIFIED FINANCIALS - 0.2%
	1,975,000	i	TransUnion LLC	5.500		02/10/18		1,972,531
			TOTAL DIVERSIFIED FINANCIALS					1,972,531
FOOD & STAPLES RETAILING - 0.2%
	1,917,519	i	Del Monte Foods Co	4.500		03/08/18		1,887,567
			TOTAL FOOD & STAPLES RETAILING					1,887,567
HEALTH CARE EQUIPMENT & SERVICES - 0.3%
	648,951	i	Fresenius US Finance I, Inc	3.500		09/10/14		647,056
	1,804,895	i	Fresenius US Finance I, Inc	3.500		09/10/14		1,799,625
	557,000	i	HCA, Inc	1.495		11/17/12		555,000
			TOTAL HEALTH CARE EQUIPMENT & SERVICES					3,001,681
			TOTAL BANK LOAN OBLIGATIONS					8,822,071
			(Cost $8,854,888)
BONDS - 92.7%
CORPORATE BONDS - 36.6%
BANKS - 9.3%
	7,000,000	g	Australia & New Zealand Banking Group Ltd	2.400		11/23/16		7,167,377
	500,000	g,i	Banco Bradesco S.A.	2.566		05/16/14		499,340
	260,000	g	Banco de Bogota S.A.	5.000		01/15/17		274,300
	500,000	g	Banco de Credito del Peru	4.750		03/16/16		513,750
	500,000		Banco de Oro Unibank, Inc	3.875		04/22/16		494,382
	785,000		Banco do Brasil S.A.	3.875		01/23/17		804,625
	280,000	g	Banco Santander Chile	3.750		09/22/15		280,047
	1,000,000		Bank of America Corp	4.750		08/15/13		1,023,415
	2,675,000		Bank of America Corp	3.750		07/12/16		2,696,758
	150,000		Bank of New York Mellon Corp	1.969		06/20/17		151,760
	1,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd	2.250		02/24/14		1,015,051
	1,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd	2.350		02/23/17		1,022,048
	3,250,000		Capital One Financial Corp	2.125		07/15/14		3,277,667
	1,000,000		Capital One Financial Corp	3.150		07/15/16		1,035,600

57

TIAA-CREF FUNDS – Short-Term Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,500,000		Citigroup, Inc	6.000	%	12/13/13	$	1,576,427
	4,565,000		Citigroup, Inc	5.000		09/15/14		4,679,431
	3,100,000		Citigroup, Inc	4.750		05/19/15		3,253,887
	1,075,000		Citigroup, Inc	4.450		01/10/17		1,126,861
	750,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA	3.375		01/19/17		771,890
	250,000		Deutsche Bank AG	3.875		08/18/14		260,280
	500,000		Deutsche Bank AG	3.250		01/11/16		514,573
	1,000,000	g	HSBC Bank plc	1.625		08/12/13		1,004,682
	1,000,000	g	HSBC Bank plc	3.500		06/28/15		1,045,733
	900,000		HSBC USA, Inc	2.375		02/13/15		910,258
	618,000	g	ICICI Bank Ltd	5.500		03/25/15		632,839
	500,000	g	ICICI Bank Ltd	4.750		11/25/16		495,510
	1,000,000		Inter-American Development Bank	1.125		03/15/17		1,009,461
	2,297,000		JPMorgan Chase & Co	3.150		07/05/16		2,362,244
	500,000	g	National Australia Bank Ltd	2.500		01/08/13		504,827
	2,500,000	g	National Australia Bank Ltd	2.000		06/20/17		2,495,145
	7,500,000	g	NIBC Bank NV	2.800		12/02/14		7,781,257
	500,000	g	Shinhan Bank	4.125		10/04/16		526,332
	1,330,000	g	Shinhan Bank	4.375		07/27/17		1,418,448
	1,000,000	g	Sumitomo Mitsui Banking Corp	2.150		07/22/13		1,007,843
	10,000,000	g	Toronto-Dominion Bank	1.625		09/14/16		10,185,560
	500,000		Union Bank NA	2.125		06/16/17		500,091
	1,000,000		US Bancorp	1.125		10/30/13		1,004,702
	1,000,000		US Bancorp	3.125		04/01/15		1,055,757
	500,000		US Bancorp	1.650		05/15/17		503,651
	2,000,000		Wells Fargo & Co	1.500		07/01/15		2,001,512
	3,500,000		Wells Fargo & Co	2.100		05/08/17		3,507,822
	1,000,000		Westpac Banking Corp	2.100		08/02/13		1,014,792
	1,000,000		Westpac Banking Corp	3.000		08/04/15		1,035,839
	6,000,000	g	Westpac Banking Corp	2.450		11/28/16		6,171,000
			TOTAL BANKS					80,614,774
CAPITAL GOODS - 0.9%
	2,500,000		Caterpillar Financial Services Corp	1.550		12/20/13		2,534,210
	375,000		Caterpillar, Inc	0.950		06/26/15		376,386
	475,000		Caterpillar, Inc	1.500		06/26/17		475,658
	250,000		CRH America, Inc	4.125		01/15/16		254,135
	1,000,000		John Deere Capital Corp	2.000		01/13/17		1,031,491
	1,000,000		Lockheed Martin Corp	2.125		09/15/16		1,023,623
	1,000,000		Tyco International Finance S.A.	6.000		11/15/13		1,074,464
	75,000		Tyco International Finance S.A.	4.125		10/15/14		80,943
	575,000		United Technologies Corp	1.200		06/01/15		581,691
	500,000		United Technologies Corp	1.800		06/01/17		510,619
			TOTAL CAPITAL GOODS					7,943,220
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%
	650,000	g,h	ADT Corp	2.250		07/15/17		653,049
	1,000,000		Johnson Controls, Inc	1.750		03/01/14		1,014,330
	1,000,000		Thomson Corp	5.250		08/15/13		1,047,221
	1,000,000		Waste Management, Inc	2.600		09/01/16		1,026,174
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES					3,740,774

58

TIAA-CREF FUNDS – Short-Term Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
CONSUMER DURABLES & APPAREL - 0.3%
	$475,000	g	Grupo Aval Ltd	5.250	%	02/01/17	$	497,562
	598,000	i	Hanesbrands, Inc	4.113		12/15/14		598,006
	1,000,000		Hanesbrands, Inc	8.000		12/15/16		1,101,250
			TOTAL CONSUMER DURABLES & APPAREL					2,196,818
CONSUMER SERVICES - 1.1%
	2,750,000		GlaxoSmithKline Capital plc	0.750		05/08/15		2,749,686
	1,000,000		GlaxoSmithKline Capital plc	1.500		05/08/17		1,001,811
	1,000,000	g	SABMiller Holdings, Inc	2.450		01/15/17		1,030,738
	1,000,000		Walt Disney Co	0.875		12/01/14		1,006,174
	3,500,000		Walt Disney Co	1.125		02/15/17		3,486,529
			TOTAL CONSUMER SERVICES					9,274,938
DIVERSIFIED FINANCIALS - 7.0%
	2,000,000	g	Abbey National Treasury Services plc	3.875		11/10/14		1,970,348
	250,000		American Express Centurion Bank	5.550		10/17/12		253,513
	500,000		American Express Centurion Bank	6.000		09/13/17		590,491
	1,000,000		American Express Credit Corp	5.875		05/02/13		1,041,690
	1,150,000		American Express Credit Corp	1.750		06/12/15		1,163,062
	1,000,000		American Express Credit Corp	2.800		09/19/16		1,043,165
	1,000,000	g	American Honda Finance Corp	4.625		04/02/13		1,030,372
	500,000	g	Banco Mercantil del Norte S.A.	4.375		07/19/15		515,000
	1,000,000		Bank of New York Mellon Corp	1.200		02/20/15		1,005,408
	1,100,000		Bank of New York Mellon Corp	2.300		07/28/16		1,134,959
	3,000,000	g	Barclays Bank plc	2.250		05/10/17		2,999,823
	750,000		Berkshire Hathaway, Inc	1.900		01/31/17		764,833
	500,000		BlackRock, Inc	3.500		12/10/14		530,361
	825,000		BlackRock, Inc	1.375		06/01/15		830,900
	2,000,000		Canadian Imperial Bank of Commerce	1.450		09/13/13		2,019,722
	130,000		Credit Suisse	5.000		05/15/13		134,059
	500,000		Credit Suisse	5.500		05/01/14		530,073
	2,000,000	g	Credit Suisse AG.	1.625		03/06/15		2,007,060
	500,000		FIA Card Services NA	7.125		11/15/12		509,349
	1,675,000		Ford Motor Credit Co LLC	4.250		02/03/17		1,755,782
	825,000		Ford Motor Credit Co LLC	6.625		08/15/17		938,416
	1,000,000		General Electric Capital Corp	2.800		01/08/13		1,011,662
	1,250,000		General Electric Capital Corp	1.875		09/16/13		1,263,038
	500,000		General Electric Capital Corp	3.750		11/14/14		524,942
	3,000,000		General Electric Capital Corp	1.625		07/02/15		3,000,424
	2,000,000		General Electric Capital Corp	2.300		04/27/17		2,013,522
	500,000	i	Goldman Sachs Capital II	4.000		06/01/43		338,510
	650,000		Goldman Sachs Group, Inc	5.450		11/01/12		659,427
	1,375,000		Goldman Sachs Group, Inc	3.300		05/03/15		1,374,810
	3,015,000		Goldman Sachs Group, Inc	3.625		02/07/16		3,015,332
	500,000		HSBC Finance Corp	4.750		07/15/13		516,098
	160,000	g	Hyundai Capital America, Inc	3.750		04/06/16		165,927
	200,000	g	Hyundai Capital Services, Inc	4.375		07/27/16		210,195
	1,000,000	g	Hyundai Capital Services, Inc	3.500		09/13/17		1,008,434
	150,000	g	International Lease Finance Corp	6.500		09/01/14		158,250
	300,000		International Lease Finance Corp	5.750		05/15/16		304,375
	385,000	g	Inversiones CMPC S.A.	4.750		01/19/18		400,591

59

TIAA-CREF FUNDS – Short-Term Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,000,000		Jefferies Group, Inc	3.875	%	11/09/15	$	982,500
	1,500,000		John Deere Capital Corp	0.875		04/17/15		1,501,684
	1,000,000		John Deere Capital Corp	1.400		03/15/17		1,002,668
	300,000		Merrill Lynch & Co, Inc	5.450		02/05/13		306,032
	1,500,000		Morgan Stanley	2.875		01/24/14		1,483,120
	150,000		Morgan Stanley	6.000		04/28/15		155,056
	900,000		Morgan Stanley	5.375		10/15/15		919,997
	2,250,000		Morgan Stanley	4.750		03/22/17		2,245,055
	250,000		NASDAQ OMX Group, Inc	4.000		01/15/15		258,483
	535,000		National Rural Utilities Cooperative Finance Corp	2.625		09/16/12		537,108
	1,000,000		National Rural Utilities Cooperative Finance Corp	1.000		02/02/15		1,004,984
	275,000		Northern Trust Corp	4.625		05/01/14		294,268
	500,000	g	PTTEP Australia International Finance Pty Ltd	4.152		07/19/15		511,824
	1,000,000		Royal Bank of Scotland plc	3.400		08/23/13		1,010,355
	225,000		State Street Corp	4.300		05/30/14		239,549
	1,000,000		Toyota Motor Credit Corp	1.000		02/17/15		1,001,184
	500,000		Toyota Motor Credit Corp	2.050		01/12/17		511,068
	1,000,000		UBS AG.	2.250		08/12/13		1,003,074
	5,000,000	g	UBS AG.	1.875		01/23/15		5,049,985
	1,000,000		Unilever Capital Corp	2.750		02/10/16		1,057,927
	1,000,000	g	Volkswagen International Finance NV	1.625		08/12/13		1,008,097
			TOTAL DIVERSIFIED FINANCIALS					60,817,941
ENERGY - 2.3%
	250,000		Apache Corp	1.750		04/15/17		254,948
	1,000,000		BP Capital Markets plc	5.250		11/07/13		1,059,605
	530,000		BP Capital Markets plc	3.200		03/11/16		563,712
	2,000,000		BP Capital Markets plc	1.846		05/05/17		2,019,892
	500,000		Chesapeake Energy Corp	7.625		07/15/13		515,625
	350,000		ConocoPhillips	4.600		01/15/15		383,178
	500,000		Devon Energy Corp	5.625		01/15/14		534,767
	625,000		Devon Energy Corp	1.875		05/15/17		625,110
	400,200		Dolphin Energy Ltd	5.888		06/15/19		438,219
	390,000	g	Empresa Nacional del Petroleo	4.875		03/15/14		407,625
	225,000		Enterprise Products Operating LLC	4.600		08/01/12		225,652
	1,150,000		EOG Resources, Inc	2.950		06/01/15		1,207,155
	500,000	g	Gaz Capital S.A.	7.510		07/31/13		525,540
	350,000	g	Gazprom OAO Via Gaz Capital S.A.	4.950		05/23/16		362,422
	750,000	g	Korea National Oil Corp	3.125		04/03/17		764,791
	350,000		Marathon Petroleum Corp	3.500		03/01/16		366,884
	375,000		Noble Holding International Ltd	3.450		08/01/15		394,744
	1,550,000		Noble Holding International Ltd	2.500		03/15/17		1,573,991
	500,000	g	Novatek Finance Ltd	5.326		02/03/16		520,060
	500,000		Occidental Petroleum Corp	2.500		02/01/16		524,075
	750,000		Petrobras International Finance Co-Pifco	2.875		02/06/15		761,250
	975,000		Petrobras International Finance Co-Pifco	3.875		01/27/16		1,006,629
	925,000		Petrobras International Finance Co-Pifco	3.500		02/06/17		949,498
	500,000		Petroleos Mexicanos	4.875		03/15/15		539,375
	400,000	g	Phillips 66	1.950		03/05/15		402,864
	500,000		Shell International Finance BV	3.100		06/28/15		533,437
	100,000		Statoil ASA	2.900		10/15/14		104,879
	1,000,000		Total Capital Canada Ltd	1.625		01/28/14		1,015,678

60

TIAA-CREF FUNDS – Short-Term Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$750,000		Total Capital International S.A.	1.500	%	02/17/17	$	752,970
	475,000		Valero Energy Corp	4.500		02/01/15		510,769
	250,000		XTO Energy, Inc	4.625		06/15/13		259,108
			TOTAL ENERGY					20,104,452
FOOD & STAPLES RETAILING - 0.2%
	1,075,000		CVS Caremark Corp	3.250		05/18/15		1,131,541
	1,000,000		Kroger Co	5.000		04/15/13		1,030,374
			TOTAL FOOD & STAPLES RETAILING					2,161,915
FOOD, BEVERAGE & TOBACCO - 1.4%
	700,000		Anheuser-Busch InBev Worldwide, Inc	4.125		01/15/15		754,393
	500,000		Anheuser-Busch InBev Worldwide, Inc	2.875		02/15/16		528,215
	2,000,000		Coca-Cola Co	0.750		03/13/15		2,004,040
	600,000		Coca-Cola Co	1.800		09/01/16		616,246
	1,000,000		Coca-Cola Enterprises, Inc	1.125		11/12/13		1,004,146
	2,000,000		Constellation Brands, Inc	8.375		12/15/14		2,270,000
	500,000		Diageo Capital plc	1.500		05/11/17		501,842
	135,000		General Mills, Inc	5.200		03/17/15		149,858
	2,000,000		HJ Heinz Co	1.500		03/01/17		1,995,424
	1,000,000		Kraft Foods, Inc	5.250		10/01/13		1,052,616
	1,000,000	g	Pernod-Ricard S.A.	2.950		01/15/17		1,012,246
	150,000		Philip Morris International, Inc	4.875		05/16/13		155,561
	250,000		Philip Morris International, Inc	6.875		03/17/14		276,013
			TOTAL FOOD, BEVERAGE & TOBACCO					12,320,600
HEALTH CARE EQUIPMENT & SERVICES - 1.9%
	200,000		Becton Dickinson and Co	1.750		11/08/16		204,459
	250,000		Boston Scientific Corp	4.500		01/15/15		266,389
	500,000		Covidien International Finance S.A.	1.350		05/29/15		500,649
	1,000,000	g	Fresenius US Finance II, Inc	9.000		07/15/15		1,148,750
	1,538,000		HCA, Inc	6.300		10/01/12		1,553,380
	1,000,000		HCA, Inc	6.500		02/15/16		1,077,500
	7,240,004	g	Hospital for Special Surgery	3.500		01/01/23		7,894,717
	904,000		McKesson Corp	3.250		03/01/16		970,380
	1,000,000		Medco Health Solutions, Inc	2.750		09/15/15		1,028,280
	200,000		Thermo Fisher Scientific, Inc	2.150		12/28/12		200,988
	1,000,000		Thermo Fisher Scientific, Inc	2.050		02/21/14		1,021,959
	245,000		Thermo Fisher Scientific, Inc	3.200		05/01/15		260,497
			TOTAL HEALTH CARE EQUIPMENT & SERVICES					16,127,948
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	1,000,000		Ecolab, Inc	3.000		12/08/16		1,054,262
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS					1,054,262
INSURANCE - 0.8%
	1,000,000		American International Group, Inc	3.650		01/15/14		1,021,420
	675,000		Hartford Financial Services Group, Inc	4.000		10/15/17		677,800
	2,000,000		MetLife, Inc	2.375		02/06/14		2,040,740
	1,000,000		Prudential Financial, Inc	3.875		01/14/15		1,047,100
	250,000		United Health Group, Inc	4.875		02/15/13		256,358

61

TIAA-CREF FUNDS – Short-Term Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,500,000		Willis Group Holdings plc	4.125	%	03/15/16	$	1,568,118
			TOTAL INSURANCE					6,611,536
MATERIALS - 1.1%
	200,000		Air Products & Chemicals, Inc	4.150		02/01/13		204,139
	2,000,000		Airgas, Inc	2.850		10/01/13		2,043,030
	40,000		Airgas, Inc	4.500		09/15/14		42,745
	1,665,000	g	Anglo American Capital plc	2.150		09/27/13		1,677,369
	675,000		ArcelorMittal	3.750		08/05/15		678,741
	250,000		ArcelorMittal	4.500		02/25/17		246,177
	1,000,000		Bemis Co, Inc	5.650		08/01/14		1,082,084
	1,000,000		EI Du Pont de Nemours & Co	3.250		01/15/15		1,063,675
	500,000		Rio Tinto Finance USA Ltd	2.250		09/20/16		516,870
	1,500,000		Teck Resources Ltd	10.250		05/15/16		1,674,375
			TOTAL MATERIALS					9,229,205
MEDIA - 1.5%
	375,000		CBS Corp	1.950		07/01/17		374,625
	600,000		Comcast Cable Communications Holdings, Inc	8.375		03/15/13		632,419
	1,000,000		DIRECTV Holdings LLC	2.400		03/15/17		1,006,585
	1,010,000	g	DISH DBS Corp	4.625		07/15/17		1,011,262
	1,000,000		Echostar DBS Corp	6.625		10/01/14		1,072,500
	2,000,000		Interpublic Group of Cos, Inc	6.250		11/15/14		2,185,000
	1,000,000		Lamar Media Corp	9.750		04/01/14		1,120,000
	1,000,000		NBCUniversal Media LLC	3.650		04/30/15		1,062,432
	1,000,000		Nielsen Finance LLC	11.500		05/01/16		1,137,500
	1,000,000		Time Warner Cable, Inc	7.500		04/01/14		1,108,692
	250,000		Time Warner, Inc	3.150		07/15/15		263,657
	1,000,000		Viacom, Inc	1.250		02/27/15		1,002,490
	1,000,000		Viacom, Inc	3.500		04/01/17		1,075,879
			TOTAL MEDIA					13,053,041
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.7%
	1,000,000		Abbott Laboratories	2.700		05/27/15		1,053,544
	600,000	g	Aristotle Holding, Inc	2.100		02/12/15		605,866
	1,000,000		GlaxoSmithKline Capital, Inc	4.850		05/15/13		1,038,131
	600,000		Johnson & Johnson	2.150		05/15/16		627,905
	120,000		Life Technologies Corp	3.500		01/15/16		124,931
	1,000,000		Merck & Co, Inc	2.250		01/15/16		1,044,249
	1,000,000	g	Mylan, Inc	7.625		07/15/17		1,100,000
	180,000		Novartis Capital Corp	4.125		02/10/14		190,023
	500,000		Novartis Capital Corp	2.900		04/24/15		528,976
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES					6,313,625
REAL ESTATE - 0.2%
	75,000		AMB Property LP	7.625		08/15/14		82,501
	1,175,000		Health Care REIT, Inc	3.625		03/15/16		1,207,889
	100,000		Ventas Realty LP	3.125		11/30/15		101,809
			TOTAL REAL ESTATE					1,392,199

62

TIAA-CREF FUNDS – Short-Term Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
RETAILING - 1.3%
	$2,000,000		Limited Brands, Inc	5.250	%	11/01/14	$	2,100,000
	1,000,000		Macy’s Retail Holdings, Inc	5.875		01/15/13		1,024,324
	2,212,000		Macy’s Retail Holdings, Inc	5.750		07/15/14		2,400,635
	700,000		Macy’s Retail Holdings, Inc	5.900		12/01/16		806,862
	1,000,000	g	QVC, Inc	7.500		10/01/19		1,110,000
	500,000		Staples, Inc	9.750		01/15/14		558,855
	2,300,000		Target Corp	1.125		07/18/14		2,321,314
	1,000,000		Wal-Mart Stores, Inc	3.000		02/03/14		1,037,212
			TOTAL RETAILING					11,359,202
SOFTWARE & SERVICES - 1.8%
	1,000,000		International Business Machines Corp	0.550		02/06/15		993,511
	5,000,000		International Business Machines Corp	0.750		05/11/15		4,992,400
	1,610,000		International Business Machines Corp	1.950		07/22/16		1,656,205
	1,075,000		International Business Machines Corp	1.250		02/06/17		1,077,820
	5,000,000		Microsoft Corp	0.875		09/27/13		5,032,990
	650,000		Microsoft Corp	1.625		09/25/15		672,200
	1,000,000		Oracle Corp	4.950		04/15/13		1,035,485
	150,000		SunGard Data Systems, Inc	4.875		01/15/14		154,500
			TOTAL SOFTWARE & SERVICES					15,615,111
TECHNOLOGY HARDWARE & EQUIPMENT - 0.6%
	250,000		Amphenol Corp	4.750		11/15/14		268,981
	100,000		Hewlett-Packard Co	2.350		03/15/15		101,561
	1,000,000		IBM International Group Capital LLC	5.050		10/22/12		1,014,626
	112,000		L-3 Communications Corp	6.375		10/15/15		114,450
	500,000		L-3 Communications Corp	3.950		11/15/16		531,023
	1,500,000		Seagate Technology HDD Holdings	6.800		10/01/16		1,666,875
	1,000,000		Tyco Electronics Group S.A.	1.600		02/03/15		1,004,183
	175,000		Xerox Corp	8.250		05/15/14		195,130
	275,000		Xerox Corp	2.950		03/15/17		278,115
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT					5,174,944
TELECOMMUNICATION SERVICES - 1.2%
	1,000,000		AT&T, Inc	2.500		08/15/15		1,041,010
	1,000,000		AT&T, Inc	2.950		05/15/16		1,059,174
	1,000,000		British Telecommunications plc	5.150		01/15/13		1,022,427
	1,000,000		Cellco Partnership	7.375		11/15/13		1,085,723
	1,000,000		France Telecom S.A.	2.125		09/16/15		1,005,572
	1,000,000		Telecom Italia Capital S.A.	5.250		11/15/13		1,002,500
	850,000		Telecom Italia Capital S.A.	6.175		06/18/14		856,375
	1,000,000		Telefonica Emisiones SAU	2.582		04/26/13		985,054
	1,000,000		Telefonica Emisiones SAU	3.992		02/16/16		893,977
	190,000		Verizon Communications, Inc	5.250		04/15/13		196,860
	500,000	g	Vimpelcom Holdings	6.255		03/01/17		478,100
	414,000		Virgin Media Finance plc	9.500		08/15/16		461,610
	250,000		Windstream Corp	8.125		08/01/13		263,438
			TOTAL TELECOMMUNICATION SERVICES					10,351,820
TRANSPORTATION - 0.6%
	350,000	g	Asciano Finance Ltd	3.125		09/23/15		348,333
	1,600,000		CSX Corp	5.750		03/15/13		1,653,393

63

TIAA-CREF FUNDS – Short-Term Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,000,000	g	ERAC USA Finance LLC	5.800	%	10/15/12	$	1,012,295
	1,000,000	g	ERAC USA Finance LLC	2.750		07/01/13		1,013,320
	890,000	g	Transnet Ltd	4.500		02/10/16		927,861
	175,000		Union Pacific Corp	4.163		07/15/22		194,966
			TOTAL TRANSPORTATION					5,150,168
UTILITIES - 1.9%
	500,000	g	Abu Dhabi National Energy Co	6.600		08/01/13		525,000
	750,000	g	Abu Dhabi National Energy Co	4.125		03/13/17		791,250
	1,000,000		AES Corp	7.750		03/01/14		1,085,000
	180,000		Alliant Energy Corp	4.000		10/15/14		189,348
	250,000		CenterPoint Energy Houston Electric LLC	7.000		03/01/14		275,367
	1,000,000		Commonwealth Edison Co	4.700		04/15/15		1,093,767
	1,000,000		Dominion Resources, Inc	1.800		03/15/14		1,014,147
	500,000		Duke Energy Carolinas LLC	5.750		11/15/13		533,673
	1,900,000		FPL Group Capital, Inc	2.600		09/01/15		1,952,064
	550,000	g	Israel Electric Corp Ltd	6.700		02/10/17		569,868
	500,000	g	KazMunaiGaz Finance Sub BV	8.375		07/02/13		525,440
	1,000,000		Kinder Morgan Energy Partners LP	3.500		03/01/16		1,057,282
	200,000	g	Korea Hydro & Nuclear Power Co Ltd	3.125		09/16/15		204,352
	500,000		Korea Midland Power Co Ltd	5.375		02/11/13		509,225
	1,000,000		Northeast Utilities	5.650		06/01/13		1,043,302
	500,000		Pepco Holdings, Inc	2.700		10/01/15		513,230
	500,000		PG&E Corp	5.750		04/01/14		537,978
	500,000	g	Ras Laffan Liquefied Natural Gas Co Ltd	5.500		09/30/14		538,750
	1,000,000		Sabine Pass LNG LP	7.250		11/30/13		1,035,000
	2,000,000		Sempra Energy	2.300		04/01/17		2,049,694
	250,000		Veolia Environnement	5.250		06/03/13		258,058
	450,000		Williams Partners LP	3.800		02/15/15		473,392
			TOTAL UTILITIES					16,775,187
			TOTAL CORPORATE BONDS					317,383,680
			(Cost $311,879,941)
GOVERNMENT BONDS - 37.7%
AGENCY SECURITIES - 10.6%
	2,000,000	g,j	FDIC Structured Sale Guarantee	0.000		10/25/12		1,998,620
	1,000,000		Federal Farm Credit Bank (FFCB)	1.375		06/25/13		1,011,123
	3,000,000		Federal Home Loan Bank (FHLB)	1.875		06/21/13		3,046,959
	5,000,000		Federal Home Loan Mortgage Corp (FHLMC)	0.750		03/28/13		5,018,070
	20,000,000		FHLMC	0.500		04/17/15		20,001,260
	2,000,000		Federal National Mortgage Association (FNMA)	3.625		02/12/13		2,040,816
	6,500,000		FNMA	1.250		08/20/13		6,568,549
	1,500,000		FNMA	2.750		03/13/14		1,560,853
	1,000,000		FNMA	2.500		05/15/14		1,039,690
	25,000,000		FNMA	1.125		06/27/14		25,378,500
	2,000,000		FNMA	3.000		09/16/14		2,116,138
	3,350,000		FNMA	1.125		04/27/17		3,381,443
	3,000,000		Citigroup Funding, Inc	2.250		12/10/12		3,026,913
	2,000,000		General Electric Capital Corp	2.625		12/28/12		2,022,768
	2,800,000		GMAC, Inc	1.750		10/30/12		2,813,670

64

TIAA-CREF FUNDS – Short-Term Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$3,600,000		GMAC, Inc	2.200	%	12/19/12	$	3,633,048
	2,000,000		Private Export Funding Corp	3.550		04/15/13		2,051,634
	5,000,000		Private Export Funding Corp	1.375		02/15/17		5,076,365
			TOTAL AGENCY SECURITIES					91,786,419
FOREIGN GOVERNMENT BONDS - 8.1%
	1,250,000	g	Bank of Montreal	2.625		01/25/16		1,319,551
	4,160,000	g	Bank of Nova Scotia	1.650		10/29/15		4,253,326
	4,800,000	g	Bank of Nova Scotia	2.150		08/03/16		4,988,534
	8,000,000	g	Caisse Centrale Desjardins du Quebec	1.600		03/06/17		8,089,680
	800,000	g	Canadian Imperial Bank of Commerce	2.600		07/02/15		841,391
	750,000	g	Canadian Imperial Bank of Commerce	2.750		01/27/16		795,996
	950,000	g	Croatia Government International Bond	6.250		04/27/17		947,442
	1,014,000		Eksportfinans ASA	2.000		09/15/15		907,475
	1,000,000		Export Development Canada	2.250		05/28/15		1,050,141
	300,000		Export-Import Bank of Korea	8.125		01/21/14		327,500
	225,000		Export-Import Bank of Korea	4.125		09/09/15		238,481
	500,000		Export-Import Bank of Korea	3.750		10/20/16		527,797
	8,000,000		Hydro Quebec	1.375		06/19/17		7,993,872
	370,000	g	Indonesia Government International Bond	6.875		03/09/17		430,588
	3,000,000	g	Kommunalbanken AS.	1.000		02/09/15		3,014,247
	2,870,000	g	Kommunalbanken AS.	1.375		06/08/17		2,859,220
	410,000	g	Korea Housing Finance Corp	3.500		12/15/16		424,883
	400,000	g	Lithuania Government International Bond	5.125		09/14/17		422,000
	4,000,000	g	Nederlandse Waterschapsbank NV	2.125		02/09/17		4,037,696
	420,000		Poland Government International Bond	3.875		07/16/15		443,436
	6,200,000	g	Province of Alberta Canada	1.000		06/21/17		6,220,689
	3,000,000		Province of British Columbia Canada	2.850		06/15/15		3,190,020
	3,000,000		Province of British Columbia Canada	1.200		04/25/17		3,029,328
	3,000,000		Province of New Brunswick Canada	2.750		06/15/18		3,217,896
	2,000,000		Province of Nova Scotia Canada	2.375		07/21/15		2,091,476
	700,000		Province of Ontario Canada	2.950		02/05/15		738,512
	1,300,000		Province of Ontario Canada	2.700		06/16/15		1,370,513
	791,000	g	Qatar Government International Bond	4.000		01/20/15		833,319
	1,000,000	g	Qatar Government International Bond	3.125		01/20/17		1,042,500
	550,000		Republic of Italy	4.500		01/21/15		554,540
	500,000		Republic of Korea	5.750		04/16/14		538,445
	700,000	g	Russian Foreign Bond - Eurobond	3.625		04/29/15		724,129
	1,600,000	g	Russian Foreign Bond - Eurobond	3.250		04/04/17		1,609,984
	500,000		South Africa Government International Bond	6.500		06/02/14		549,000
	516,000		United Mexican States	5.875		02/17/14		552,894
			TOTAL FOREIGN GOVERNMENT BONDS					70,176,501
MORTGAGE BACKED - 2.9%
	4,747,004		Federal Home Loan Mortgage Corp (FHLMC)	3.000		03/15/26		4,988,650
	4,842,128		FHLMC	3.000		01/15/27		5,114,072
	4,195,920		FHLMC	4.000		05/15/37		4,339,034
	32,971		Federal Home Loan Mortgage Corp Gold (FGLMC)	6.000		12/01/17		35,815
	196,298		FGLMC	5.500		01/01/19		214,874
	183,682		FGLMC	5.500		01/01/19		201,065
	5,624		Federal National Mortgage Association (FNMA)	5.000		06/01/13		5,846
	2,851,399		FNMA	4.000		10/25/24		2,960,074

65

TIAA-CREF FUNDS – Short-Term Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$3,109,623		FNMA	4.500	%	10/25/28	$	3,247,845
	3,629,600		Government National Mortgage Association (GNMA)	2.300		10/15/19		3,749,928
			TOTAL MORTGAGE BACKED					24,857,203
MUNICIPAL BONDS - 0.1%
	500,000		New Jersey Health Care Facilities Financing Authority	5.000		07/01/16		549,170
			TOTAL MUNICIPAL BONDS					549,170
U.S. TREASURY SECURITIES - 16.0%
	24,416,800	k	United States Treasury Inflation Indexed Bonds	0.500		04/15/15		25,351,500
	10,422,800	k	United States Treasury Inflation Indexed Bonds	0.125		04/15/16		10,848,665
	7,090,370	k	United States Treasury Inflation Indexed Bonds	0.125		04/15/17		7,484,772
	22,720,000		United States Treasury Note	1.125		06/15/13		22,908,144
	575,000		United States Treasury Note	0.125		08/31/13		574,034
	7,395,000		United States Treasury Note	3.125		09/30/13		7,656,132
	3,125,000		United States Treasury Note	0.500		10/15/13		3,133,544
	1,980,000		United States Treasury Note	0.250		10/31/13		1,979,072
	3,565,000		United States Treasury Note	0.125		12/31/13		3,555,531
	29,700,000		United States Treasury Note	1.250		04/15/14		30,184,942
	3,800,000		United States Treasury Note	0.250		06/30/14		3,795,250
	1,635,000		United States Treasury Note	2.625		06/30/14		1,709,852
	1,865,000		United States Treasury Note	2.375		10/31/14		1,951,838
	11,548,000		United States Treasury Note	0.375		06/15/15		11,538,080
	5,909,600		United States Treasury Note	0.750		06/30/17		5,915,604
			TOTAL U.S. TREASURY SECURITIES					138,586,960
			TOTAL GOVERNMENT BONDS					325,956,253
			(Cost $322,718,887)
STRUCTURED ASSETS - 18.4%
ASSET BACKED - 14.9%
	230,520		Aames Mortgage Trust	6.725		06/25/32		204,037
			Series - 2002 1 (Class A3)
	311,301	i	Accredited Mortgage Loan Trust	0.485		09/25/35		295,800
			Series - 2005 3 (Class A1)
	192,848	i	ACE Securities Corp	0.715		08/25/35		188,303
			Series - 2005 HE5 (Class M1)
	3,000,000	g	AESOP Funding II	3.270		02/20/18		3,135,167
			Series - 2011 5A (Class A)
	2,000,000		Ally Auto Receivables Trust	2.230		03/15/16		2,062,337
			Series - 2011 1 (Class A4)
	2,700,000	g	Ally Auto Receivables Trust	2.590		07/15/16		2,768,997
			Series - 2011 2 (Class B)
	3,300,000	g	Ally Auto Receivables Trust	1.900		11/15/16		3,326,434
			Series - 2011 5 (Class B)
	8,000,000	g	Ally Master Owner Trust	4.250		04/15/17		8,620,446
			Series - 2010 2 (Class A)
	2,000,000		AmeriCredit Automobile Receivables Trust	2.040		09/08/15		2,020,402
			Series - 2010 3 (Class B)
	2,000,000		AmeriCredit Automobile Receivables Trust	2.330		03/08/16		2,030,300
			Series - 2011 2 (Class B)

66

TIAA-CREF FUNDS – Short-Term Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$3,000,000		AmeriCredit Automobile Receivables Trust	2.450	%	12/08/16	$	3,064,682
			Series - 2011 5 (Class B)
	1,248,757	i	Ameriquest Mortgage Securities	0.565		05/25/35		1,223,363
			Series - 0 R3 (Class A3D)
	55,677	g	Asset Backed Funding Corp NIM Trust	5.900		07/26/35		1
			Series - 2006 WMC1 (Class N1)
	500,000	g	Avis Budget Rental Car Funding AESOP LLC	5.680		02/20/14		510,456
			Series - 2009 2A (Class A)
	4,500,000	g	Avis Budget Rental Car Funding AESOP LLC	2.090		04/20/15		4,561,361
			Series - 2010 4A (Class A)
	743,440	i	Bear Stearns Asset Backed Securities Trust	0.615		11/25/39		670,963
			Series - 2005 SD3 (Class 2A1)
	517,170	i	BNC Mortgage Loan Trust	0.345		05/25/37		466,847
			Series - 0 2 (Class A2)
	2,000,000	g	Cabela’s Master Credit Card Trust	2.290		09/17/18		2,080,946
			Series - 2010 2A (Class A1)
	4,965,000	g	Cabela’s Master Credit Card Trust	2.390		06/17/19		5,195,373
			Series - 2011 2A (Class A1)
	1,000,000	g	Cabela’s Master Credit Card Trust	1.630		02/18/20		1,012,283
			Series - 2012 1A (Class A1)
	1,000,000		CarMax Auto Owner Trust	2.630		11/15/16		1,030,944
			Series - 2011 1 (Class B)
	155,000		CarMax Auto Owner Trust	2.830		02/15/17		160,101
			Series - 2011 1 (Class C)
	5,870,000		CarMax Auto Owner Trust	1.730		02/15/18		5,886,533
			Series - 2012 2 (Class B)
	116,807		Centex Home Equity	5.540		01/25/32		117,682
			Series - 2002 A (Class AF6)
	708,409	i	Centex Home Equity	0.675		03/25/34		586,348
			Series - 2004 B (Class M1)
	337,182	i	Chase Funding Mortgage Loan Asset-Backed Certificates	5.700		02/25/35		75,201
			Series - 2004 2 (Class 1B)
	337,182	i	Chase Funding Mortgage Loan Asset-Backed Certificates	5.700		02/25/35		116,084
			Series - 2004 2 (Class 1M2)
	669,498		CIT Group Home Equity Loan Trust	6.390		12/25/30		94,257
			Series - 2002 2 (Class MF2)
	51,574		Citicorp Mortgage Securities, Inc	5.706		07/25/36		51,672
			Series - 2006 1 (Class A3)
	6,000,000		CNH Equipment Trust	1.550		11/15/17		6,093,043
			Series - 2011 C (Class A4)
	88,745	i	Countrywide Asset-Backed Certificates	5.683		10/25/46		88,832
			Series - 2006 15 (Class A2)
	949,743		Credit-Based Asset Servicing and Securitization LLC	4.831		08/25/35		920,651
			Series - 2005 CB5 (Class AF2)
	115,800		Credit-Based Asset Servicing and Securitization LLC	5.844		04/25/37		114,350
			Series - 2007 CB4 (Class A2A)
	2,000,000		DaimlerChrysler Financial Auto Securitization Trust	1.650		11/08/13		2,006,817
			Series - 2010 A (Class B)
	6,945,518		Entergy Louisiana Investment Recovery Funding I LLC	2.040		09/01/23		7,138,817
			Series - 2011 A (Class A1)
	825,027	g	Flagstar Home Equity Loan Trust	5.781		01/25/35		788,107
			Series - 2007 1A (Class AF3)

67

TIAA-CREF FUNDS – Short-Term Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$2,000,000		Ford Credit Auto Owner Trust	2.380	%	07/15/16	$	2,051,825
			Series - 2011 A (Class B)
	2,000,000	g	Ford Credit Floorplan Master Owner Trust	2.410		02/15/16		2,030,247
			Series - 2011 1 (Class B)
	6,485,000	g	Ford Credit Floorplan Master Owner Trust	4.200		02/15/17		7,000,408
			Series - 2010 3 (Class A1)
	5,230,000	g	Hertz Vehicle Financing LLC	5.290		03/25/16		5,740,971
			Series - 2009 2A (Class A2)
	692,705	i	HSI Asset Securitization Corp Trust	0.605		07/25/35		683,162
			Series - 2005 NC1 (Class 2A3)
	2,000,000		Hyundai Auto Receivables Trust	2.450		04/15/16		2,057,595
			Series - 2011 A (Class B)
	1,817,750	i	Lehman XS Trust	0.405		08/25/46		1,388,034
			Series - 2006 GP4 (Class 3A2A)
	578,821	i	Long Beach Mortgage Loan Trust	0.995		02/25/35		571,653
			Series - 2005 1 (Class M1)
	2,000,000	g	MMCA Automobile Trust	2.720		10/17/16		2,064,619
			Series - 2011 A (Class B)
	1,872	i	Morgan Stanley ABS Capital I	0.285		01/25/37		1,865
			Series - 2007 HE2 (Class A2A)
	383,898	g	Morgan Stanley Capital I	2.602		09/15/47		393,577
			Series - 2011 C1 (Class A1)
	500,000		Renaissance Home Equity Loan Trust	5.586		11/25/36		234,977
			Series - 2006 3 (Class AF3)
	3,000,000	g	Rental Car Finance Corp	2.510		02/25/16		3,048,683
			Series - 2011 1A (Class A1)
	445,549	i	Residential Asset Mortgage Products, Inc	0.545		04/25/35		391,654
			Series - 2005 RZ1 (Class A3)
	335,445		Residential Funding Mortgage Securities II, Inc	5.570		02/25/36		334,248
			Series - 2006 HI1 (Class A3)
	2,519,977		Residential Funding Mortgage Securities II, Inc	5.790		02/25/36		2,520,295
			Series - 2006 HI2 (Class A3)
	919,591		Residential Funding Mortgage Securities II, Inc	5.960		02/25/36		920,687
			Series - 2006 HI3 (Class A3)
	500,000		Residential Funding Mortgage Securities II, Inc	6.060		02/25/36		433,937
			Series - 2006 HI1 (Class M2)
	5,000,000		Santander Drive Auto Receivables Trust	2.090		08/15/16		5,033,834
			Series - 2012 2 (Class B)
	3,220,000		Santander Drive Auto Receivables Trust	3.090		05/15/17		3,265,112
			Series - 2011 3 (Class C)
	610,629		Saxon Asset Securities Trust	6.120		11/25/30		613,584
			Series - 2002 2 (Class AF6)
	257,368	i	Securitized Asset Backed Receivables LLC	0.545		10/25/35		245,104
			Series - 2006 OP1 (Class A2C)
	3,000,000	g	SLM Student Loan Trust	3.830		01/17/45		3,103,228
			Series - 2012 A (Class A2)
	499,909	i	Soundview Home Equity Loan Trust	0.545		11/25/35		468,110
			Series - 2005 OPT3 (Class A4)
	602,687	i	Soundview Home Equity Loan Trust	0.355		10/25/36		598,298
			Series - 2006 EQ1 (Class A2)
	677,757	i	Structured Asset Investment Loan Trust	0.775		11/25/34		643,984
			Series - 2004 10 (Class A9)

68

TIAA-CREF FUNDS – Short-Term Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$560,414	i	Structured Asset Investment Loan Trust	0.645	%	05/25/35	$	538,361
			Series - 2005 4 (Class M1)
	765,036	i	Structured Asset Investment Loan Trust	0.525		12/25/35		758,328
			Series - 2005 10 (Class A5)
	142,230	i	Structured Asset Securities Corp	0.295		02/25/37		138,899
			Series - 2007 BC1 (Class A2)
	7,000,000	h	UBS BARCLAYS COMMERCIAL MTGE	1.006		05/10/63		6,999,929
			Series - 2012 C2 (Class A1)
	70,962	i	Wells Fargo Home Equity Trust	0.385		07/25/36		64,530
			Series - 2006 2 (Class A3)
	2,000,000		World Financial Network Credit Card Master Trust	4.660		05/15/17		2,077,728
			Series - 2009 D (Class A)
	4,000,000		World Financial Network Credit Card Master Trust	1.680		08/15/18		4,021,400
			Series - 2011 A (Class A)
			TOTAL ASSET BACKED					129,146,803
OTHER MORTGAGE BACKED - 3.5%
	238,243		Citicorp Mortgage Securities, Inc	5.750		11/25/36		238,627
			Series - 2006 6 (Class A2)
	404,859		Citicorp Mortgage Securities, Inc	6.000		05/25/37		404,847
			Series - 2007 4 (Class 1A7)
	5,000,000	g	Commercial Mortgage Pass Through Certificates	2.365		02/10/29		5,114,605
			Series - 2012 9W57 (Class A)
	1,344,253		Countrywide Alternative Loan Trust	5.500		08/25/34		1,368,197
			Series - 2004 14T2 (Class A2)
	1,841,395	i	Countrywide Alternative Loan Trust	0.385		07/25/46		1,769,029
			Series - 2006 OA8 (Class 2A2)
	325,592		Countrywide Home Loan Mortgage Pass Through Trust	4.500		09/25/35		325,757
			Series - 2005 J3 (Class 2A3)
	5,000,000		Credit Suisse Mortgage Capital Certificates	5.467		09/15/39		5,535,765
			Series - 2006 C4 (Class A3)
	135	i	Greenpoint Mortgage Funding Trust	0.345		09/25/46		133
			Series - 2006 AR4 (Class A1A)
	77	i	Greenpoint Mortgage Funding Trust	0.325		10/25/46		76
			Series - 0 AR5 (Class A1A)
	2,830,919		GS Mortgage Securities Corp II	1.282		01/10/45		2,842,939
			Series - 2012 GC6 (Class A1)
	476,947		MASTER Asset Securitization Trust	5.000		05/25/35		479,098
			Series - 2005 1 (Class 2A5)
	488,635	i	Opteum Mortgage Acceptance Corp	0.645		02/25/35		473,829
			Series - 2005 1 (Class A4)
	414,281		Residential Accredit Loans, Inc	4.350		03/25/34		426,523
			Series - 2004 QS4 (Class A1)
	901,398	g,i	Springleaf Mortgage Loan Trust	2.667		09/25/57		900,823
			Series - 2012 1A (Class A)
	237,179		Wells Fargo Mortgage Backed Securities Trust	5.500		04/25/35		237,095
			Series - 2005 2 (Class 1A1)
	10,000,000	h,m	WF-RBS Commercial Mortgage Trust	2.288		06/15/45		10,121,990
			Series - 2012 C7 (Class A1)
			TOTAL OTHER MORTGAGE BACKED					30,239,333

69

TIAA-CREF FUNDS – Short-Term Bond Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
		TOTAL STRUCTURED ASSETS				$	159,386,136
		(Cost $159,404,205)
		TOTAL BONDS					802,726,069
		(Cost $794,003,033)
SHORT-TERM INVESTMENTS - 5.6%
TREASURY DEBT - 5.6%
	$18,400,000	United States Treasury Bill	0.035	%	07/19/12		18,399,678
	30,000,000	United States Treasury Bill	0.075		09/13/12		29,995,290
		TOTAL TREASURY DEBT					48,394,968
		TOTAL SHORT-TERM INVESTMENTS					48,394,968
		(Cost $48,395,053)
		TOTAL INVESTMENTS - 99.3%					859,943,108
		(Cost $851,252,974)
		OTHER ASSETS & LIABILITIES, NET - 0.7%					5,631,591
		NET ASSETS - 100.0%				$	865,574,699

	Abbreviation(s):
	ABS	Asset-Based Security
	REIT	Real Estate Investment Trust
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 6/30/2012, the aggregate value of these securities amounted to $194,986,952 or 22.5% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security. Coupon reflects the rate at period end.
j	Zero coupon.
k	Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index.
m	Indicates a security that has been deemed illiquid.

70

TIAA-CREF FUNDS – High-Yield Fund

TIAA-CREF FUNDS
HIGH-YIELD FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2012

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
BANK LOAN OBLIGATIONS - 3.6%
AUTOMOBILES & COMPONENTS - 0.6%
	$8,934,626	i	Chrysler Group LLC	6.000	%	05/24/17	$	8,990,467
			TOTAL AUTOMOBILES & COMPONENTS					8,990,467
CAPITAL GOODS - 0.4%
	7,000,000	i	Generac Power Systems, Inc	6.250		05/30/18		6,965,000
			TOTAL CAPITAL GOODS					6,965,000
CONSUMER SERVICES - 0.4%
	5,220,950	i	Burger King Corp	4.500		10/19/16		5,190,251
	1,198,552	i	Wendy’s International, Inc	4.750		05/15/19		1,188,999
			TOTAL CONSUMER SERVICES					6,379,250
ENERGY - 0.8%
	12,000,000	i	Arch Coal, Inc	5.750		05/16/18		11,769,960
			TOTAL ENERGY					11,769,960
HEALTH CARE EQUIPMENT & SERVICES - 0.6%
	6,000,000	i	Bausch & Lomb, Inc	5.250		05/17/19		5,961,000
	2,932,550	i,m	IMS Health, Inc	4.500		08/26/17		2,911,787
			TOTAL HEALTH CARE EQUIPMENT & SERVICES					8,872,787
MEDIA - 0.8%
	5,500,000	h,i	MTL Publishing LLC	1.000		06/29/18		5,520,625
	6,170,000	i	Univision Communications, Inc	4.495		03/31/17		5,834,537
			TOTAL MEDIA					11,355,162
			TOTAL BANK LOAN OBLIGATIONS					54,332,626
			(Cost $54,191,097)
BONDS - 89.7%
CORPORATE BONDS - 89.7%
AUTOMOBILES & COMPONENTS - 2.0%
	5,000,000		DaimlerChrysler Group LLC	8.000		06/15/19		5,137,500
	9,000,000		Delphi Corp	5.875		05/15/19		9,607,500
	9,250,000		Ford Motor Co	7.450		07/16/31		11,585,625
	2,760,000		Goodyear Tire & Rubber Co	8.250		08/15/20		2,922,150
	2,000,000		Goodyear Tire & Rubber Co	7.000		05/15/22		1,997,500
			TOTAL AUTOMOBILES & COMPONENTS					31,250,275
BANKS - 0.7%
	1,683,000	g	Alfa Bond Issuance plc for OJSC Alfa Bank	7.750		04/28/21		1,645,553

71

TIAA-CREF FUNDS – High-Yield Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$2,600,000	i	JPMorgan Chase & Co	7.900	%	04/29/49	$	2,850,354
	1,800,000		Regions Bank	7.500		05/15/18		2,025,000
	900,000		Regions Bank	6.450		06/26/37		882,000
	450,000		Regions Financial Corp	7.375		12/10/37		443,250
	4,035,000	g,i	Standard Chartered plc	6.409		12/30/49		3,833,250
			TOTAL BANKS					11,679,407
CAPITAL GOODS - 7.8%
	3,000,000		Alliant Techsystems, Inc	6.750		04/01/16		3,075,000
	2,875,000		Alliant Techsystems, Inc	6.875		09/15/20		3,061,875
	2,300,000		Anixter, Inc	5.625		05/01/19		2,374,750
	4,250,000		Case New Holland, Inc	7.875		12/01/17		4,908,750
	4,000,000		Chesapeake Midstream Partners LP	6.125		07/15/22		3,920,000
	3,610,000	g	FMG Resources August 2006 Pty Ltd	7.000		11/01/15		3,682,200
	6,500,000	g	FMG Resources August 2006 Pty Ltd	8.250		11/01/19		6,890,000
	6,300,000	g	FMG Resources August 2006 Pty Ltd	6.875		04/01/22		6,347,250
	8,250,000		Huntington Ingalls Industries, Inc	6.875		03/15/18		8,600,625
	2,350,000		Huntington Ingalls Industries, Inc	7.125		03/15/21		2,455,750
	4,450,000	g	Hyva Global BV	8.625		03/24/16		3,782,500
	9,200,000	g	Kinetic Concepts, Inc	10.500		11/01/18		9,660,000
	3,700,000	g	Rexel S.A.	6.125		12/15/19		3,727,750
	3,375,000	g	Schaeffler Finance BV	7.750		02/15/17		3,518,438
	8,275,000	g	Schaeffler Finance BV	8.500		02/15/19		8,833,562
	3,000,000		Seagate HDD Cayman	7.750		12/15/18		3,318,750
	5,000,000		Seagate HDD Cayman	6.875		05/01/20		5,375,000
	4,975,000		Seagate HDD Cayman	7.000		11/01/21		5,360,563
	3,158,000	g	Sealed Air Corp	8.125		09/15/19		3,521,170
	4,158,000	g	Sealed Air Corp	8.375		09/15/21		4,698,540
	2,000,000		SPX Corp	7.625		12/15/14		2,200,000
	2,250,000		SPX Corp	6.875		09/01/17		2,452,500
	9,531,000		Tomkins LLC	9.000		10/01/18		10,603,237
	4,250,000		TransDigm, Inc	7.750		12/15/18		4,664,375
			TOTAL CAPITAL GOODS					117,032,585
COMMERCIAL & PROFESSIONAL SERVICES - 1.4%
	2,500,000	g	American Achievement Corp	10.875		04/15/16		1,818,750
	5,450,000		RR Donnelley & Sons Co	5.500		05/15/15		5,559,000
	4,025,000		RR Donnelley & Sons Co	8.250		03/15/19		3,944,500
	2,700,000		ServiceMaster Co	8.000		02/15/20		2,939,625
	2,000,000	g	UR Financing Escrow Corp	5.750		07/15/18		2,080,000
	1,000,000	g	UR Financing Escrow Corp	7.375		05/15/20		1,045,000
	3,334,000		Visant Corp	10.000		10/01/17		3,308,995
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES					20,695,870
CONSUMER DURABLES & APPAREL - 1.9%
	3,450,000		DR Horton, Inc	4.750		05/15/17		3,555,656
	6,000,000		Hanesbrands, Inc	8.000		12/15/16		6,607,500
	3,525,000		Hanesbrands, Inc	6.375		12/15/20		3,710,063
	1,900,000	g	Levi Strauss & Co	6.875		05/01/22		1,949,875
	2,500,000	g	Libbey Glass, Inc	6.875		05/15/20		2,568,750
	6,500,000		Masco Corp	5.950		03/15/22		6,691,009

72

TIAA-CREF FUNDS – High-Yield Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$4,000,000		Phillips-Van Heusen Corp	7.375	%	05/15/20	$	4,430,000
			TOTAL CONSUMER DURABLES & APPAREL					29,512,853
CONSUMER SERVICES - 4.9%
	1,556,000	g	Ameristar Casinos, Inc	7.500		04/15/21		1,664,920
	6,970,000		Ameristar Casinos, Inc	7.500		04/15/21		7,457,900
	4,500,000	g	Boyd Gaming Corp	9.000		07/01/20		4,511,250
	2,750,000		Burger King Corp	9.875		10/15/18		3,131,563
	1,000,000		Caesars Entertainment Operating Co, Inc	11.250		06/01/17		1,091,250
	12,250,000		DineEquity, Inc	9.500		10/30/18		13,413,750
	750,000		Harrahs Operating Co, Inc	12.750		04/15/18		588,750
	1,750,000	h	Marina District Finance	9.875		08/18/18		1,649,375
	6,750,000		Marina District Finance Co, Inc	9.500		10/15/15		6,547,500
	3,040,000		MGM Mirage	10.375		05/15/14		3,427,600
	1,500,000		MGM Mirage	9.000		03/15/20		1,665,000
	6,000,000		MGM Resorts International	6.625		07/15/15		6,180,000
	1,000,000		MGM Resorts International	10.000		11/01/16		1,107,500
	6,310,000		Penn National Gaming, Inc	8.750		08/15/19		6,988,325
	3,000,000		Speedway Motorsports, Inc	8.750		06/01/16		3,262,500
	3,500,000		Speedway Motorsports, Inc	6.750		02/01/19		3,653,125
	3,374,000		Wendy’s Restaurants, LLC	10.000		07/15/16		3,631,301
	2,000,000		Wynn Las Vegas LLC	7.875		11/01/17		2,200,000
	2,000,000		Wynn Las Vegas LLC	7.750		08/15/20		2,215,000
			TOTAL CONSUMER SERVICES					74,386,609
DIVERSIFIED FINANCIALS - 5.4%
	2,000,000	g	CIT Group, Inc	5.250		04/01/14		2,070,000
	2,000,000		CIT Group, Inc	5.000		05/15/17		2,060,000
	6,300,000		CIT Group, Inc	5.250		03/15/18		6,504,750
	2,000,000	g	CIT Group, Inc	6.625		04/01/18		2,155,000
	4,500,000	g	CIT Group, Inc	5.500		02/15/19		4,623,750
	2,000,000		CIT Group, Inc	5.375		05/15/20		2,040,000
	3,000,000	i	Citigroup Capital XXI	8.300		12/21/57		3,007,500
	1,600,000	g	CNH Capital LLC	6.250		11/01/16		1,712,000
	3,000,000		Ford Motor Credit Co LLC	8.000		12/15/16		3,548,268
	3,650,000		Ford Motor Credit Co LLC	5.000		05/15/18		3,875,869
	2,250,000		Ford Motor Credit Co LLC	8.125		01/15/20		2,748,191
	2,000,000		Ford Motor Credit Co LLC	5.750		02/01/21		2,196,998
	3,083,000		Ford Motor Credit Co LLC	5.875		08/02/21		3,429,862
	1,000,000		GMAC, Inc	6.750		12/01/14		1,052,500
	2,000,000		GMAC, Inc	8.300		02/12/15		2,180,000
	5,000,000		GMAC, Inc	8.000		03/15/20		5,750,000
	2,000,000		GMAC, Inc	7.500		09/15/20		2,247,500
	3,000,000		GMAC, Inc	8.000		11/01/31		3,517,500
	1,825,000		International Lease Finance Corp	5.625		09/20/13		1,868,344
	5,232,000		International Lease Finance Corp	8.625		09/15/15		5,781,360
	4,275,000	g	International Lease Finance Corp	6.750		09/01/16		4,595,625
	2,232,000		International Lease Finance Corp	8.750		03/15/17		2,505,420
	8,000,000		International Lease Finance Corp	6.250		05/15/19		8,150,000
	3,600,000		International Lease Finance Corp	8.250		12/15/20		4,122,623
			TOTAL DIVERSIFIED FINANCIALS					81,743,060

73

TIAA-CREF FUNDS – High-Yield Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
ENERGY - 11.3%
	$1,000,000		Arch Coal, Inc	8.750	%	08/01/16	$	955,000
	12,500,000		Arch Coal, Inc	7.000		06/15/19		10,562,500
	3,855,000		Bill Barrett Corp	7.625		10/01/19		3,855,000
	3,500,000		Chaparral Energy, Inc	8.250		09/01/21		3,701,250
	7,400,000	g	Chaparral Energy, Inc	7.625		11/15/22		7,548,000
	3,600,000		Chesapeake Energy Corp	6.625		08/15/20		3,564,000
	2,375,000		Chesapeake Energy Corp	6.875		11/15/20		2,339,375
	2,250,000	g	Chesapeake Oilfield Operating LLC	6.625		11/15/19		2,025,000
	5,000,000		Cimarex Energy Co	5.875		05/01/22		5,193,750
	4,200,000		Cloud Peak Energy Resources LLC	8.250		12/15/17		4,347,000
	1,000,000		Cloud Peak Energy Resources LLC	8.500		12/15/19		1,037,500
	5,090,000		Consol Energy Inc	8.000		04/01/17		5,280,875
	2,500,000		Consol Energy Inc	8.250		04/01/20		2,625,000
	1,820,000		Continental Resources, Inc	7.125		04/01/21		2,029,300
	2,695,000	g	Continental Resources, Inc	5.000		09/15/22		2,735,425
	5,840,000	g	Crosstex Energy LP	7.125		06/01/22		5,752,400
	6,800,000		Crosstex Energy, Inc	8.875		02/15/18		7,182,500
	923,000	g	EP Energy LLC	6.875		05/01/19		964,535
	2,850,000	g	EP Energy LLC	9.375		05/01/20		2,953,312
	1,250,000		Inergy LP	7.000		10/01/18		1,287,500
	2,251,000		Inergy LP	6.875		08/01/21		2,251,000
	6,750,000	g	Linn Energy LLC	6.500		05/15/19		6,682,500
	2,000,000	g	Linn Energy LLC	6.250		11/01/19		1,960,000
	875,000		Linn Energy LLC	8.625		04/15/20		942,812
	1,000,000		Linn Energy LLC	7.750		02/01/21		1,045,000
	2,560,000		MarkWest Energy Partners LP	6.750		11/01/20		2,720,000
	4,500,000		MarkWest Energy Partners LP	6.250		06/15/22		4,635,000
	2,800,000		Newfield Exploration Co	6.875		02/01/20		2,982,000
	3,000,000		Newfield Exploration Co	5.750		01/30/22		3,135,000
	2,975,000		Newfield Exploration Co	5.625		07/01/24		3,041,938
	1,000,000		Peabody Energy Corp	6.500		09/15/20		1,012,500
	3,000,000		Peabody Energy Corp	4.750		12/15/41		2,433,750
	1,500,000		Pioneer Natural Resources Co	6.875		05/01/18		1,765,253
	2,665,000		Precision Drilling Corp	6.500		12/15/21		2,718,300
	4,841,000		Precision Drilling Trust	6.625		11/15/20		4,986,230
	1,000,000		Range Resources Corp	6.750		08/01/20		1,085,000
	6,000,000		Range Resources Corp	5.000		08/15/22		5,925,000
	2,490,000		Regency Energy Partners LP	6.875		12/01/18		2,620,725
	5,400,000		Regency Energy Partners LP	6.500		07/15/21		5,670,000
	1,500,000		SandRidge Energy, Inc	9.875		05/15/16		1,642,500
	2,125,000	g	SandRidge Energy, Inc	8.000		06/01/18		2,151,562
	3,175,000		SandRidge Energy, Inc	7.500		03/15/21		3,135,313
	8,850,000	g	SESI LLC	7.125		12/15/21		9,624,375
	4,000,000		SM Energy Co	6.500		11/15/21		4,070,000
	2,400,000	g	SM Energy Co	6.500		01/01/23		2,418,000
	4,777,200		Southwestern Energy Co	7.500		02/01/18		5,731,188
	4,250,000		WPX Energy, Inc	5.250		01/15/17		4,303,125
	4,000,000		WPX Energy, Inc	6.000		01/15/22		3,980,000
			TOTAL ENERGY					170,607,293

74

TIAA-CREF FUNDS – High-Yield Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
FOOD & STAPLES RETAILING - 2.9%
	$7,350,000		Ingles Markets, Inc	8.875	%	05/15/17	$	8,002,312
	3,939,000		New Albertsons, Inc	7.450		08/01/29		2,895,165
	3,730,000		New Albertsons, Inc	8.000		05/01/31		2,890,750
	1,600,000		Rite Aid Corp	10.375		07/15/16		1,693,000
	5,500,000		Rite Aid Corp	7.500		03/01/17		5,610,000
	2,000,000		Rite Aid Corp	8.000		08/15/20		2,265,000
	1,600,000		Stater Bros Holdings, Inc	7.750		04/15/15		1,632,000
	3,800,000		Stater Bros Holdings, Inc	7.375		11/15/18		4,118,250
	6,050,000		SuperValu, Inc	7.500		11/15/14		6,140,750
	4,000,000		SuperValu, Inc	8.000		05/01/16		4,050,000
	4,060,000		Susser Holdings LLC	8.500		05/15/16		4,415,250
			TOTAL FOOD & STAPLES RETAILING					43,712,477
FOOD, BEVERAGE & TOBACCO - 1.7%
	3,200,000		Constellation Brands, Inc	6.000		05/01/22		3,440,000
	4,825,000		Del Monte Corp	7.625		02/15/19		4,867,219
	10,025,000	g	Post Holdings, Inc	7.375		02/15/22		10,576,375
	1,634,000		Smithfield Foods, Inc	7.750		07/01/17		1,807,612
	5,112,000		TreeHouse Foods, Inc	7.750		03/01/18		5,540,130
			TOTAL FOOD, BEVERAGE & TOBACCO					26,231,336
HEALTH CARE EQUIPMENT & SERVICES - 6.9%
	3,500,000		Apria Healthcare Group, Inc	11.250		11/01/14		3,622,500
	2,415,000		Apria Healthcare Group, Inc	12.375		11/01/14		2,288,213
	14,950,000		CHS	8.000		11/15/19		15,921,750
	1,550,000		DaVita, Inc	6.375		11/01/18		1,600,375
	2,933,000		Endo Health Solutions, Inc	7.250		01/15/22		3,178,639
	7,768,000		Endo Pharmaceuticals Holdings, Inc	7.000		07/15/19		8,447,700
	1,250,000		Endo Pharmaceuticals Holdings, Inc	7.000		12/15/20		1,354,687
	5,047,000	g	Fresenius Medical Care Capital Trust	5.750		02/15/21		5,255,189
	5,000,000	g	Fresenius Medical Care II	5.625		07/31/19		5,212,500
	1,350,000	g	Fresenius Medical Care US Finance, Inc	6.500		09/15/18		1,468,125
	2,200,000	g	Fresenius US Finance II, Inc	9.000		07/15/15		2,527,250
	705,000		HCA Holdings, Inc	7.750		05/15/21		756,112
	4,000,000		HCA, Inc	6.500		02/15/16		4,310,000
	98,000		HCA, Inc	9.875		02/15/17		106,330
	6,000,000		HCA, Inc	8.500		04/15/19		6,720,000
	6,500,000		HCA, Inc	7.875		02/15/20		7,215,000
	13,600,000		HCA, Inc	7.500		02/15/22		14,824,000
	6,800,000		HCA, Inc	5.875		03/15/22		7,106,000
	900,000		HCA, Inc	7.500		11/06/33		843,750
	500,000	g	Kinetic Concepts, Inc	12.500		11/01/19		452,500
	7,295,000		LifePoint Hospitals, Inc	6.625		10/01/20		7,750,937
	1,000,000		Tenet Healthcare Corp	10.000		05/01/18		1,145,000
	1,750,000		Tenet Healthcare Corp	6.875		11/15/31		1,483,125
			TOTAL HEALTH CARE EQUIPMENT & SERVICES					103,589,682
HOUSEHOLD & PERSONAL PRODUCTS - 0.9%
	4,000,000	g	Reynolds Group Issuer, Inc	7.750		10/15/16		4,210,000
	7,581,000		Spectrum Brands Holdings, Inc	9.500		06/15/18		8,566,530
	1,000,000	g	Spectrum Brands, Inc	6.750		03/15/20		1,032,500
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS					13,809,030

75

TIAA-CREF FUNDS – High-Yield Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
INSURANCE - 0.5%
	$1,975,000		American Financial Group, Inc	9.875	%	06/15/19	$	2,480,335
	4,000,000	i	American International Group, Inc	8.175		05/15/58		4,340,000
			TOTAL INSURANCE					6,820,335
MATERIALS - 7.1%
	480,000		Ball Corp	7.375		09/01/19		530,400
	2,500,000		Ball Corp	5.000		03/15/22		2,600,000
	3,570,000		Celanese US Holdings LLC	6.625		10/15/18		3,882,375
	1,640,000		CF Industries, Inc	6.875		05/01/18		1,945,450
	2,000,000		CF Industries, Inc	7.125		05/01/20		2,435,000
	5,500,000	g	CommScope, Inc	8.250		01/15/19		5,816,250
	2,000,000		Crown Americas LLC	6.250		02/01/21		2,185,000
	2,000,000		Georgia-Pacific LLC	8.875		05/15/31		2,819,580
	3,300,000		Graphic Packaging International, Inc	9.500		06/15/17		3,630,000
	4,000,000		Graphic Packaging International, Inc	7.875		10/01/18		4,400,000
	1,260,000		Greif, Inc	6.750		02/01/17		1,367,100
	600,000		Greif, Inc	7.750		08/01/19		684,000
	3,600,000		Hexion US Finance Corp	6.625		04/15/20		3,690,000
	2,500,000		Lafarge S.A.	7.125		07/15/36		2,475,000
	4,090,000	g	Longview Fibre Paper & Packaging, Inc	8.000		06/01/16		4,090,000
	9,000,000	g	LyondellBasell Industries NV	5.000		04/15/19		9,438,750
	3,700,000	g	LyondellBasell Industries NV	6.000		11/15/21		4,060,750
	4,600,000	g	LyondellBasell Industries NV	5.750		04/15/24		4,922,000
	4,000,000	g	Molycorp, Inc	10.000		06/01/20		3,960,000
	1,460,000		Momentive Performance Materials, Inc	9.000		01/15/21		1,105,950
	2,270,000	g	Rock-Tenn Co	4.450		03/01/19		2,331,723
	2,730,000	g	Rock-Tenn Co	4.900		03/01/22		2,812,419
	6,028,000	g	Sappi Papier Holding AG.	6.625		04/15/21		5,696,460
	4,000,000	g,h	Sappi Papier Holding GmbH	8.375		06/15/19		4,005,000
	5,000,000		Solutia, Inc	7.875		03/15/20		5,850,000
	500,000		Steel Dynamics, Inc	7.750		04/15/16		515,000
	1,250,000		Steel Dynamics, Inc	7.625		03/15/20		1,337,500
	6,500,000		United States Steel Corp	7.500		03/15/22		6,240,000
	4,290,000	g	USG Corp	7.875		03/30/20		4,440,150
	5,000,000	g	Verso Paper Holdings LLC	11.750		01/15/19		5,050,000
	5,600,000		Verso Paper Holdings LLC	8.750		02/01/19		2,212,000
			TOTAL MATERIALS					106,527,857
MEDIA - 8.3%
	5,875,000		AMC Entertainment Holdings, Inc	9.750		12/01/20		6,345,000
	11,550,000		AMC Entertainment, Inc	8.750		06/01/19		12,387,375
	2,835,000		Cablevision Systems Corp	8.625		09/15/17		3,161,025
	6,600,000		CCO Holdings LLC	7.000		01/15/19		7,128,000
	5,375,000		CCO Holdings LLC	8.125		04/30/20		5,993,125
	5,450,000		CCO Holdings LLC	6.500		04/30/21		5,804,250
	1,960,000		CCO Holdings LLC	6.625		01/31/22		2,097,200
	4,733,000		Cinemark USA, Inc	8.625		06/15/19		5,241,797
	1,000,000		Cinemark USA, Inc	7.375		06/15/21		1,085,000
	350,000		Clear Channel Worldwide Holdings, Inc	9.250		12/15/17		380,625
	2,950,000		Clear Channel Worldwide Holdings, Inc	9.250		12/15/17		3,215,500

76

TIAA-CREF FUNDS – High-Yield Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$6,560,000	g	Clear Channel Worldwide Holdings, Inc	7.625	%	03/15/20	$	6,412,400
	940,000	g	Clear Channel Worldwide Holdings, Inc	7.625		03/15/20		900,050
	5,500,000	g	CSC Holdings LLC	6.750		11/15/21		5,857,500
	3,000,000		DISH DBS Corp	7.750		05/31/15		3,330,000
	20,200,000	g	DISH DBS Corp	4.625		07/15/17		20,225,250
	6,000,000		DISH DBS Corp	6.750		06/01/21		6,480,000
	3,000,000		Echostar DBS Corp	6.625		10/01/14		3,217,500
	5,225,000		Lamar Media Corp	7.875		04/15/18		5,747,500
	8,875,000	g	Lamar Media Corp	5.875		02/01/22		9,096,875
	5,630,000		Nielsen Finance LLC	7.750		10/15/18		6,235,225
	2,000,000		Regal Entertainment Group	9.125		08/15/18		2,200,000
	2,000,000	g	Unitymedia Hessen GmbH & Co KG	7.500		03/15/19		2,120,000
			TOTAL MEDIA					124,661,197
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.7%
	4,000,000	g	Mylan, Inc	7.625		07/15/17		4,400,000
	2,000,000	g	Mylan, Inc	6.000		11/15/18		2,105,000
	3,500,000	g	Mylan, Inc	7.875		07/15/20		3,924,375
	8,195,000		NBTY, Inc	9.000		10/01/18		9,055,475
	2,510,000	g	Valeant Pharmaceuticals International	7.000		10/01/20		2,535,100
	3,000,000	g	Valeant Pharmaceuticals International	7.250		07/15/22		3,007,500
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES					25,027,450
REAL ESTATE - 1.0%
	7,500,000		Host Hotels & Resorts LP	5.875		06/15/19		8,100,000
	1,000,000		Host Hotels & Resorts LP	6.000		10/01/21		1,097,500
	2,000,000		Weyerhaeuser Co	7.375		10/01/19		2,363,896
	2,800,000		Weyerhaeuser Co	7.375		03/15/32		3,127,407
			TOTAL REAL ESTATE					14,688,803
RETAILING - 3.7%
	4,000,000		AmeriGas Finance LLC	7.000		05/20/22		4,120,000
	2,000,000		AmeriGas Partners LP	6.250		08/20/19		2,010,000
	4,500,000		Asbury Automotive Group, Inc	8.375		11/15/20		4,905,000
	2,000,000		AutoNation, Inc	6.750		04/15/18		2,177,500
	4,166,000		AutoNation, Inc	5.500		02/01/20		4,290,980
	2,180,000		Ferrellgas LP	6.500		05/01/21		1,989,250
	1,275,000		JC Penney Corp, Inc	5.650		06/01/20		1,096,500
	3,000,000		JC Penney Corp, Inc	6.375		10/15/36		2,265,000
	1,875,000		Limited Brands, Inc	7.000		05/01/20		2,081,250
	1,000,000		Limited Brands, Inc	6.625		04/01/21		1,092,500
	4,055,000		Limited Brands, Inc	5.625		02/15/22		4,176,650
	5,000,000	g	QVC, Inc	7.125		04/15/17		5,311,475
	4,600,000	g	QVC, Inc	7.500		10/01/19		5,106,000
	1,525,000	g	QVC, Inc	5.125		07/02/22		1,556,680
	5,000,000		Sally Holdings LLC	6.875		11/15/19		5,437,500
	2,460,000		Sally Holdings LLC	5.750		06/01/22		2,573,775
	5,000,000	g,h	Sonic Automotive, Inc	7.000		07/15/22		5,175,000
			TOTAL RETAILING					55,365,060
SOFTWARE & SERVICES - 2.5%
	500,000	g	Fidelity National Information Services, Inc	7.625		07/15/17		548,750

77

TIAA-CREF FUNDS – High-Yield Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$4,500,000		Fidelity National Information Services, Inc	7.625	%	07/15/17	$	4,961,250
	4,750,000	g	Fidelity National Information Services, Inc	5.000		03/15/22		4,833,125
	800,000	g	First Data Corp	7.375		06/15/19		816,000
	4,800,000	g	IMS Health, Inc	12.500		03/01/18		5,700,000
	7,000,000	g	Lawson Software, Inc	9.375		04/01/19		7,472,500
	4,000,000	g	Sophia LP	9.750		01/15/19		4,250,000
	1,000,000		SunGard Data Systems, Inc	4.875		01/15/14		1,030,000
	5,000,000		SunGard Data Systems, Inc	7.375		11/15/18		5,362,500
	2,000,000		SunGard Data Systems, Inc	7.625		11/15/20		2,130,000
			TOTAL SOFTWARE & SERVICES					37,104,125
TECHNOLOGY HARDWARE & EQUIPMENT - 1.4%
	4,580,000		Brocade Communications Systems, Inc	6.625		01/15/18		4,797,550
	2,475,000		Jabil Circuit, Inc	5.625		12/15/20		2,617,313
	860,000	g	Scientific Games Corp	7.875		06/15/16		894,400
	2,500,000		Scientific Games Corp	8.125		09/15/18		2,681,250
	9,861,000		Scientific Games Corp	9.250		06/15/19		10,797,795
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT					21,788,308
TELECOMMUNICATION SERVICES - 6.7%
	6,000,000		CenturyLink, Inc	6.450		06/15/21		6,243,456
	5,000,000		CenturyTel, Inc	7.600		09/15/39		4,828,555
	1,300,000		Citizens Communications Co	7.125		03/15/19		1,313,000
	2,750,000		Citizens Communications Co	9.000		08/15/31		2,626,250
	2,000,000		Cricket Communications, Inc	7.750		05/15/16		2,122,500
	3,324,000		Frontier Communications Corp	7.875		04/15/15		3,656,400
	10,000,000		Intelsat Bermuda Ltd	11.250		02/04/17		10,300,000
	3,000,000		Intelsat Jackson Holdings S.A.	7.250		04/01/19		3,150,000
	5,000,000		Intelsat Jackson Holdings S.A.	8.500		11/01/19		5,537,500
	6,000,000		Intelsat Jackson Holdings S.A.	7.250		10/15/20		6,315,000
	5,000,000		Qwest Corp	6.750		12/01/21		5,625,910
	7,724,000		Sprint Capital Corp	6.900		05/01/19		7,260,560
	5,057,000		Sprint Capital Corp	6.875		11/15/28		4,070,885
	4,800,000		Sprint Capital Corp	8.750		03/15/32		4,368,000
	4,650,000		Sprint Nextel Corp	6.000		12/01/16		4,452,375
	4,500,000	g	Sprint Nextel Corp	9.000		11/15/18		5,028,750
	3,125,000	g	Sprint Nextel Corp	7.000		03/01/20		3,250,000
	2,604,000		Virgin Media Finance plc	9.500		08/15/16		2,903,460
	3,000,000		Virgin Media Finance plc	8.375		10/15/19		3,371,250
	3,500,000		Virgin Media Finance plc	5.250		02/15/22		3,578,750
	2,750,000	g	Wind Acquisition Finance S.A.	11.750		07/15/17		2,220,625
	1,750,000	g	Wind Acquisition Finance S.A.	7.250		02/15/18		1,531,250
	2,500,000		Windstream Corp	7.875		11/01/17		2,725,000
	2,105,000		Windstream Corp	8.125		09/01/18		2,262,875
	400,000		Windstream Corp	7.750		10/15/20		424,000
	2,000,000		Windstream Corp	7.500		04/01/23		2,050,000
			TOTAL TELECOMMUNICATION SERVICES					101,216,351
TRANSPORTATION - 3.2%
	2,652,301		Avis Budget Car Rental LLC	9.625		03/15/18		2,904,270
	4,000,000	g	Bombardier, Inc	7.500		03/15/18		4,385,000
	4,000,000	g	Bombardier, Inc	7.750		03/15/20		4,450,000

78

TIAA-CREF FUNDS – High-Yield Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$5,278,000		Bristow Group, Inc	7.500	%	09/15/17	$	5,475,925
	5,840,000	g	Gulfmark Offshore, Inc	6.375		03/15/22		5,898,400
	4,000,000		Hertz Corp	7.500		10/15/18		4,290,000
	6,000,000		Hertz Corp	6.750		04/15/19		6,240,000
	2,700,000	g	Hertz Corp	6.750		04/15/19		2,808,000
	2,000,000		Hertz Corp	7.375		01/15/21		2,140,000
	8,750,000	g	Meccanica Holdings USA, Inc	6.250		07/15/19		7,760,786
	1,800,000	g	Meccanica Holdings USA, Inc	7.375		07/15/39		1,459,374
			TOTAL TRANSPORTATION					47,811,755
UTILITIES - 5.8%
	1,813,000		AES Corp	7.750		03/01/14		1,967,105
	5,600,000		AES Corp	8.000		10/15/17		6,370,000
	2,395,000	g	AES Corp	7.375		07/01/21		2,664,438
			Calpine Construction Finance Co LP and CCFC Finance
	2,000,000	g	Corp	8.000		06/01/16		2,160,000
	6,000,000	g	Calpine Corp	7.250		10/15/17		6,450,000
	2,000,000	g	Calpine Corp	7.875		07/31/20		2,205,000
	6,000,000	g	Calpine Corp	7.500		02/15/21		6,480,000
	8,535,000	g	Calpine Corp	7.875		01/15/23		9,303,150
	2,000,000		CMS Energy Corp	6.550		07/17/17		2,266,520
	1,080,000		CMS Energy Corp	6.250		02/01/20		1,199,372
	4,075,000		CMS Energy Corp	5.050		03/15/22		4,226,745
	2,750,000		El Paso Corp	7.750		01/15/32		3,091,963
	2,000,000	g	Ipalco Enterprises, Inc	7.250		04/01/16		2,172,500
	3,000,000		NRG Energy, Inc	7.625		05/15/19		3,037,500
	5,000,000		NRG Energy, Inc	8.500		06/15/19		5,225,000
	7,320,000		NRG Energy, Inc	7.875		05/15/21		7,393,200
	5,600,000	g	Puget Energy, Inc	5.625		07/15/22		5,754,000
	1,765,000		QEP Resources, Inc	5.375		10/01/22		1,769,412
	2,335,000		Questar Market Resources, Inc	6.875		03/01/21		2,591,850
	2,100,000		Reliant Energy, Inc	7.625		06/15/14		2,142,000
	1,289,000		Sabine Pass LNG LP	7.250		11/30/13		1,334,115
	7,070,000		Sabine Pass LNG LP	7.500		11/30/16		7,423,500
			TOTAL UTILITIES					87,227,370
			TOTAL CORPORATE BONDS					1,352,489,088
			(Cost $1,301,867,697)
			TOTAL BONDS					1,352,489,088
			(Cost $1,301,867,697)
SHARES			COMPANY
PREFERRED STOCKS - 0.2%
DIVERSIFIED FINANCIALS - 0.2%
	122,440		GMAC Capital Trust I	8.125		02/15/40		2,944,682
			TOTAL DIVERSIFIED FINANCIALS					2,944,682
			TOTAL PREFERRED STOCKS					2,944,682
			(Cost $3,061,000)

79

TIAA-CREF FUNDS – High-Yield Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 3.9%
TREASURY DEBT - 3.9%
	$8,200,000	United States Treasury Bill	0.026	%	07/19/12	$	8,199,857
	50,000,000	United States Treasury Bill	0.073		09/13/12		49,992,150
		TOTAL TREASURY DEBT					58,192,007
		TOTAL SHORT-TERM INVESTMENTS					58,192,007
		(Cost $58,192,148)
		TOTAL INVESTMENTS - 97.4%					1,467,958,403
		(Cost $1,417,311,942)
		OTHER ASSETS & LIABILITIES, NET - 2.6%					38,444,475
		NET ASSETS - 100.0%				$	1,506,402,878
g		Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 6/30/2012, the aggregate value of these securities amounted to $401,337,436 or 26.6% of net assets.
h		All or a portion of these securities were purchased on a delayed delivery basis.
i		Floating or variable rate security. Coupon reflects the rate at period end.
m		Indicates a security that has been deemed illiquid.

80

TIAA-CREF FUNDS – Tax-Exempt Bond Fund

TIAA-CREF FUNDS
TAX-EXEMPT BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2012

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
LONG-TERM MUNICIPAL BONDS - 97.8%
ALABAMA - 0.9%
	$1,025,000		Alabama Public School & College Authority	5.000	%	05/01/19	$	1,246,410
	1,785,000		Southeast Alabama Gas District	5.000		06/01/18		1,966,892
			TOTAL ALABAMA					3,213,302
ALASKA - 0.2%
	560,000		Alaska Railroad Corp	5.250		08/01/16		641,934
			TOTAL ALASKA					641,934
ARIZONA - 2.8%
	1,110,000		Arizona School Facilities Board, COP	5.750		09/01/18		1,345,619
	1,225,000		Arizona School Facilities Board, COP	5.000		09/01/19		1,429,722
	2,000,000		City of Tucson AZ	5.000		07/01/20		2,427,800
	3,525,000		Phoenix Industrial Development Authority	5.250		06/01/34		3,671,323
	1,260,000		Tucson AZ, COP	5.250		07/01/14		1,362,854
			TOTAL ARIZONA					10,237,318
ARKANSAS - 0.3%
	1,000,000		Arkansas Development Finance Authority	5.500		12/01/18		1,205,310
			TOTAL ARKANSAS					1,205,310
CALIFORNIA - 13.7%
	1,000,000		California Health Facilities Financing Authority	5.000		08/15/21		1,194,450
	1,000,000		California Health Facilities Financing Authority	5.000		08/15/42		1,096,400
	3,500,000		California Pollution Control Financing Authority	4.750		12/01/23		3,774,050
	2,000,000		California State Department of Water Resources	5.000		05/01/20		2,469,900
	1,000,000		City of Los Angeles CA	5.000		09/01/22		1,222,660
	1,000,000		City of Los Angeles CA	5.000		09/01/23		1,210,710
	2,000,000		County of San Bernardino CA, COP	5.250		08/01/19		2,308,200
	10,000		Delta Counties Home Mortgage Finance Authority, AMT	6.700		06/01/24		10,220
	2,500,000		East Side Union High School District-Santa Clara County	5.250		02/01/23		2,961,500
	2,250,000		Los Angeles Unified School District, COP	5.000		10/01/17		2,590,133
	635,000		Sacramento City Financing Authority	5.400		11/01/20		723,970
	1,000,000		Sacramento Municipal Utility District	4.000		08/15/22		1,123,280
	1,000,000		Sacramento Municipal Utility District	5.000		08/15/33		1,121,340
	1,000,000	h	San Diego Public Facilities Financing Authority	5.000		04/15/37		1,042,350
	1,855,000		State of California	5.000		03/01/17		2,155,844
	375,000		State of California	5.000		03/01/18		440,786
	1,000,000		State of California	5.000		11/01/18		1,189,070
	1,000,000		State of California	5.000		03/01/19		1,185,370
	1,430,000		State of California	5.000		07/01/19		1,738,680

81

TIAA-CREF FUNDS – Tax-Exempt Bond Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$850,000	State of California	5.250	%	02/01/20	$	1,024,641
	2,000,000	State of California	5.000		02/01/22		2,391,300
	2,000,000	State of California	5.000		04/01/22		2,395,320
	2,000,000	State of California	5.250		10/01/22		2,449,460
	3,000,000	State of California	5.000		02/01/38		3,204,540
	2,000,000	State of California	5.000		04/01/42		2,128,340
	1,710,000	West Contra Costa Unified School District	5.700		02/01/21		2,110,516
	1,450,000	West Contra Costa Unified School District	6.000		08/01/21		1,855,565
	1,810,000	West Contra Costa Unified School District	5.700		02/01/22		2,251,477
		TOTAL CALIFORNIA					49,370,072
COLORADO - 2.7%
	2,045,000	Colorado Health Facilities Authority	5.000		02/01/25		2,345,431
	2,000,000	Colorado Health Facilities Authority	5.000		12/01/33		2,105,280
	1,375,000	Denver City & County School District No	5.000		12/01/23		1,740,819
	1,000,000	Denver City & County School District No	5.500		12/01/23		1,315,870
	1,000,000	Jefferson County Colorado School District	5.000		12/15/23		1,255,410
	200,000	Rangely Hospital District	3.000		11/01/14		206,216
	350,000	Rangely Hospital District	5.000		11/01/15		383,813
	350,000	Rangely Hospital District	5.000		11/01/16		392,028
		TOTAL COLORADO					9,744,867
CONNECTICUT - 0.8%
	1,400,000	Connecticut State Health & Educational Facility Authority	5.000		07/01/22		1,612,702
	1,000,000	State of Connecticut	5.000		05/15/21		1,240,640
		TOTAL CONNECTICUT					2,853,342
DELAWARE - 1.2%
	1,500,000	State of Delaware	5.000		07/01/22		1,859,460
	1,000,000	State of Delaware	5.000		07/01/23		1,226,280
	1,000,000	State of Delaware	5.000		07/01/24		1,213,900
		TOTAL DELAWARE					4,299,640
DISTRICT OF COLUMBIA - 0.3%
	1,000,000	District of Columbia	5.000		10/01/24		1,137,800
		TOTAL DISTRICT OF COLUMBIA					1,137,800
FLORIDA - 7.1%
	1,000,000	Broward County School Board	5.250		07/01/15		1,113,870
	1,485,000	Broward County School Board, COP	5.250		07/01/16		1,695,499
	450,000	City of Jacksonville FL	5.000		10/01/19		546,291
	1,500,000	City of Jacksonville FL	5.000		10/01/19		1,816,440
	552,000	City of Lakeland FL, ETM	5.750		10/01/19		618,692
	2,000,000	City of Tampa FL	4.000		11/15/33		1,949,380
	1,000,000	City of Tampa FL	5.000		11/15/33		1,086,730
	345,000	County of Brevard FL	5.000		07/01/16		403,702
	845,000	County of Brevard FL	5.000		07/01/16		930,463
	1,365,000	County of Brevard FL	5.000		01/01/21		1,701,350

82

TIAA-CREF FUNDS – Tax-Exempt Bond Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$4,000,000	County of Broward FL Airport System Revenue	5.000	%	10/01/20	$	4,685,040
	1,000,000	County of Miami-Dade FL	5.000		07/01/17		1,171,830
	1,000,000	County of Orange FL	5.000		10/01/21		1,196,860
	1,600,000	First Governmental Financing Commission	5.500		07/01/15		1,760,224
	2,200,000	Florida Department of Transportation	5.000		07/01/18		2,528,416
	550,000	Florida Higher Educational Facilities Financial Authority	4.000		04/01/15		588,593
	1,000,000	Florida State Department of Management Services, COP	5.000		08/01/18		1,170,720
	535,000	Town of Jupiter FL	5.500		07/01/21		677,781
		TOTAL FLORIDA					25,641,881
GEORGIA - 0.8%
	435,000	Cherokee County Water & Sewer Authority	5.500		08/01/18		499,893
	215,000	City of Atlanta GA	5.500		11/01/17		260,423
	75,000	City of Atlanta GA	5.500		11/01/19		93,897
	125,000	City of Atlanta GA	5.500		11/01/22		153,653
	635,000	Metropolitan Atlanta Rapid Transit Authority	6.250		07/01/18		729,342
	480,000	Municipal Electric Authority of Georgia	6.500		01/01/17		543,398
	250,000	Private Colleges & Universities Authority	5.000		10/01/15		275,635
	225,000	Private Colleges & Universities Authority	5.000		10/01/16		251,033
		TOTAL GEORGIA					2,807,274
HAWAII - 1.3%
	1,000,000	State of Hawaii	5.000		12/01/22		1,237,660
	1,000,000	State of Hawaii	5.000		12/01/24		1,215,840
	2,000,000	State of Hawaii	5.000		12/01/25		2,401,860
		TOTAL HAWAII					4,855,360
ILLINOIS - 8.2%
	2,045,000	Chicago Board of Education	5.000		12/01/17		2,385,186
	1,230,000	Chicago Board of Education	6.000		01/01/20		1,422,827
	1,665,000	Chicago Board of Education	5.000		12/01/21		1,973,574
	1,000,000	Chicago Public Building Commission	5.250		03/01/24		1,139,520
	1,000,000	Chicago State University	5.500		12/01/23		1,142,950
	970,000	Chicago Transit Authority	5.000		12/01/22		1,142,728
	465,000	Chicago Transit Authority	5.250		12/01/23		551,853
	1,220,000	Chicago Transit Authority	5.250		12/01/24		1,435,806
	470,000	City of Chicago IL	5.000		01/01/21		558,181
	470,000	Cook County Community Consolidated School District No 64, GO	5.500		12/01/14		515,068
	250,000	Cook-Kane Lake & Mchenry Counties Community College District No 512	5.000		12/01/18		314,368
	1,600,000	Illinois Finance Authority	5.000		08/15/36		1,704,496
	200,000	Illinois Municipal Electric Agency	5.250		02/01/17		233,502
	115,000	Madison-Bond Etc Counties Community Unit School District No 5, GO	5.000		02/01/19		124,485
	1,650,000	Regional Transportation Authority	6.000		06/01/23		2,052,435
	1,500,000	State of Illinois	5.000		06/15/19		1,815,270
	2,045,000	State of Illinois	5.000		01/01/20		2,203,426
	1,650,000	State of Illinois	5.000		01/01/20		1,852,224
	1,835,000	State of Illinois	5.000		01/01/20		2,062,503
	1,000,000	State of Illinois	5.250		01/01/20		1,139,120

83

TIAA-CREF FUNDS – Tax-Exempt Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,020,000		State of Illinois	6.250	%	12/15/20	$	1,160,903
	875,000		State of Illinois	5.000		04/01/21		961,266
	1,610,000		State of Illinois	5.000		08/01/23		1,806,469
			TOTAL ILLINOIS					29,698,160
INDIANA - 4.5%
	1,000,000		County of Knox IN	5.000		04/01/27		1,067,460
	750,000		County of Knox IN	5.000		04/01/28		796,890
	770,000		Franklin Community Multi-School Building Corp	5.000		07/15/22		911,295
	1,000,000		Griffith Multi-School Building Corp	5.000		07/15/15		1,118,050
	1,520,000		Hammond Multi-School Building Corp	5.000		07/15/17		1,755,174
	2,120,000		Indiana Bond Bank	5.250		04/01/19		2,540,460
	250,000		Indiana Finance Authority	5.000		09/15/17		276,280
	250,000		Indiana Finance Authority	5.000		09/15/18		276,573
	250,000		Indiana Finance Authority	5.000		09/15/19		275,157
	710,000		Indiana Finance Authority	5.000		02/01/22		808,363
	320,000		Indiana State Finance Authority Revenue	5.000		02/01/15		356,058
	500,000		Indiana University	5.000		08/01/19		617,380
	500,000		Indiana University	5.000		08/01/20		622,255
	500,000		Indiana University	5.000		08/01/21		627,655
	1,940,000		Indianapolis Local Public Improvement Bond Bank	5.500		01/01/21		2,366,082
	400,000		Lawrence Township School Building Corp	5.000		07/10/19		469,588
	535,000		New Albany Floyd County School Building Corp	5.000		07/15/15		586,387
	625,000		South Bend Redevelopment Authority	5.750		08/15/18		757,300
			TOTAL INDIANA					16,228,407
KENTUCKY - 0.3%
	500,000		Lexington-Fayette Urban County Government Public Facilities Corp	5.000		06/01/17		573,780
	500,000		Lexington-Fayette Urban County Government Public Facilities Corp	5.000		06/01/21		586,160
			TOTAL KENTUCKY					1,159,940
LOUISIANA - 0.9%
	1,000,000		Louisiana Public Facilities Authority	5.250		10/01/24		1,140,460
	2,000,000	i	Parish of St. Charles LA	4.000		12/01/40		2,054,300
			TOTAL LOUISIANA					3,194,760
MAINE - 0.3%
	90,000		Maine Health & Higher Educational Facilities Authority	5.000		07/01/15		98,730
	1,000,000		Maine Health & Higher Educational Facilities Authority	5.000		07/01/20		1,147,250
			TOTAL MAINE					1,245,980
MARYLAND - 0.5%
	500,000		Maryland Health & Higher Educational Facilities Authority	5.000		05/15/23		599,665
	1,000,000		Maryland Health & Higher Educational Facilities Authority	5.000		05/15/25		1,179,290
			TOTAL MARYLAND					1,778,955
MASSACHUSETTS - 2.1%
	2,000,000		Commonwealth of Massachusetts	5.000		08/01/20		2,483,900

84

TIAA-CREF FUNDS – Tax-Exempt Bond Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$500,000	Massachusetts Bay Transportation Authority	5.250	%	07/01/20	$	628,245
	1,000,000	Massachusetts Bay Transportation Authority	5.500		07/01/22		1,298,650
	200,000	Massachusetts Development Finance Agency	4.000		10/01/15		216,340
	2,000,000	Massachusetts Development Finance Agency	5.000		10/01/22		2,294,500
	250,000	Massachusetts Development Finance Agency	5.000		10/01/31		274,403
	470,000	Massachusetts Housing Finance Agency	4.700		12/01/16		477,421
		TOTAL MASSACHUSETTS					7,673,459
MICHIGAN - 1.5%
	1,005,000	Michigan Municipal Bond Authority	5.000		10/01/19		1,237,668
	250,000	Michigan State Building Authority	5.000		10/15/19		298,312
	1,000,000	Michigan State Building Authority	5.000		10/15/20		1,194,100
	565,000	State of Michigan	5.250		05/15/18		679,226
	1,485,000	State of Michigan	5.500		11/01/18		1,850,087
		TOTAL MICHIGAN					5,259,393
MINNESOTA - 1.3%
	1,000,000	Minnesota Public Facilities Authority	5.000		03/01/16		1,156,490
	1,715,000	University of Minnesota	5.000		08/01/21		2,169,166
	1,000,000	University of Minnesota	5.000		12/01/25		1,213,970
		TOTAL MINNESOTA					4,539,626
MISSISSIPPI - 1.0%
	2,100,000	Mississippi Development Bank Special Obligation	5.000		07/01/17		2,385,957
	590,000	Mississippi Development Bank Special Obligation	5.000		11/01/17		662,747
	500,000	University of Mississippi Educational Building Corp	5.000		10/01/23		602,990
		TOTAL MISSISSIPPI					3,651,694
MISSOURI - 0.5%
	1,640,000	St Louis Regional Convention & Sports Complex Authority	5.250		08/15/14		1,744,337
		TOTAL MISSOURI					1,744,337
NEBRASKA - 0.4%
	410,000	Central Plains Energy Project	5.000		09/01/15		444,407
	1,000,000	Central Plains Energy Project	5.000		09/01/22		1,087,090
		TOTAL NEBRASKA					1,531,497
NEW HAMPSHIRE - 0.3%
	1,000,000	New Hampshire Health & Education Facilities Authority	5.000		01/01/34		1,046,920
		TOTAL NEW HAMPSHIRE					1,046,920
NEW JERSEY - 4.0%
	25,000	Garden State Preservation Trust	5.125		11/01/18		30,683
	1,115,000	New Jersey Environmental Infrastructure Trust	5.250		09/01/21		1,450,370
	45,000	New Jersey State Turnpike Authority	6.500		01/01/16		53,278
	1,000,000	New Jersey State Turnpike Authority	5.000		01/01/35		1,121,940
	40,000	New Jersey State Turnpike Authority, ETM	6.500		01/01/16		44,085

85

TIAA-CREF FUNDS – Tax-Exempt Bond Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$25,000	New Jersey State Turnpike Authority, ETM	6.500	%	01/01/16	$	30,143
	75,000	New Jersey State Turnpike Authority, ETM	6.500		01/01/16		84,470
	1,815,000	New Jersey Transportation Trust Fund Authority	5.250		12/15/19		2,214,082
	500,000	New Jersey Transportation Trust Fund Authority	5.000		06/15/20		595,105
	1,025,000	New Jersey Transportation Trust Fund Authority	5.250		12/15/20		1,257,624
	2,000,000	New Jersey Transportation Trust Fund Authority	5.750		06/15/23		2,503,480
	1,000,000	New Jersey Transportation Trust Fund Authority	5.250		06/15/23		1,194,400
	1,000,000	New Jersey Transportation Trust Fund Authority	5.250		06/15/24		1,185,690
	2,000,000	State of New Jersey	5.250		08/01/22		2,529,780
		TOTAL NEW JERSEY					14,295,130
NEW YORK - 9.5%
	700,000	Build NYC Resource Corp	5.000		08/01/21		823,837
	1,000,000	Build NYC Resource Corp	5.000		08/01/32		1,096,110
	1,000,000	City of New York NY	5.000		10/01/23		1,211,490
	100,000	County of Onondaga NY	5.000		12/01/21		121,116
	195,000	Lackawanna Housing Authority	5.000		09/01/16		219,788
	1,000,000	Metropolitan Transportation Authority	5.000		11/15/20		1,202,590
	1,000,000	Metropolitan Transportation Authority	5.250		11/15/20		1,221,490
	1,000,000	Metropolitan Transportation Authority	5.250		11/15/23		1,239,180
	2,000,000	New York City Health & Hospital Corp	5.000		02/15/20		2,359,720
	1,500,000	New York City Transitional Finance Authority	5.000		11/01/20		1,861,560
	1,500,000	New York City Transitional Finance Authority	5.000		11/01/21		1,875,150
	1,050,000	New York State Dormitory Authority	5.000		01/15/16		1,174,656
	1,000,000	New York State Dormitory Authority	5.000		07/01/16		1,152,220
	500,000	New York State Dormitory Authority	5.000		07/01/17		538,325
	1,000,000	New York State Dormitory Authority	5.000		02/15/19		1,199,280
	500,000	New York State Dormitory Authority	5.000		07/01/19		571,140
	1,405,000	New York State Dormitory Authority	5.000		07/01/19		1,619,220
	1,100,000	New York State Dormitory Authority	5.000		07/01/20		1,241,911
	1,175,000	New York State Dormitory Authority	5.000		02/15/24		1,393,785
	250,000	New York State Environmental Facilities Corp	5.000		08/15/19		311,285
	250,000	New York State Environmental Facilities Corp	5.000		08/15/20		314,198
	1,000,000	New York State Thruway Authority	5.000		04/01/21		1,227,710
	1,100,000	New York State Urban Development Corp	5.000		03/15/18		1,316,667
	2,000,000	New York State Urban Development Corp	5.000		03/15/20		2,443,420
	1,635,000	Port Authority of New York & New Jersey, AMT	5.000		09/15/20		1,932,129
	1,000,000	State of New York	5.000		12/15/20		1,260,350
	2,000,000	Tobacco Settlement Financing Corp	5.000		06/01/18		2,386,680
	200,000	Town of Niagara NY	4.000		05/01/15		214,394
	550,000	Town of Niagara NY	5.000		05/01/22		630,855
		TOTAL NEW YORK					34,160,256
NORTH CAROLINA - 2.0%
	540,000	City of Charlotte NC	5.000		07/01/22		649,042
	1,000,000	City of Charlotte NC	5.000		07/01/23		1,187,750
	500,000	City of Charlotte NC	5.000		07/01/25		581,270
	1,000,000	County of New Hanover NC	5.000		12/01/20		1,267,290
	485,000	North Carolina Eastern Municipal Power Agency, ETM	5.000		01/01/21		608,535
	1,500,000	State of North Carolina	5.000		03/01/19		1,855,965

86

TIAA-CREF FUNDS – Tax-Exempt Bond Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$1,000,000	State of North Carolina	5.000	%	05/01/25	$	1,194,170
		TOTAL NORTH CAROLINA					7,344,022
OHIO - 5.7%
	1,445,000	Cincinnati City School District	5.250		06/01/23		1,726,125
	2,000,000	City of Cincinnati OH	5.000		12/01/21		2,517,940
	1,500,000	City of Columbus OH	5.000		07/01/21		1,879,755
	750,000	County of Lucas OH	5.000		11/15/22		898,687
	1,000,000	Ohio Air Quality Development Authority	5.625		06/01/18		1,152,170
	1,000,000	Ohio State Water Development Authority	5.500		06/01/22		1,306,790
	25,000	Ohio State Water Development Authority, ETM	6.000		12/01/16		27,541
	150,000	State of Ohio	5.000		05/01/17		177,709
	1,000,000	State of Ohio	5.000		09/15/20		1,235,890
	1,660,000	State of Ohio	5.000		01/15/21		1,923,044
	1,000,000	State of Ohio	5.000		08/01/21		1,242,130
	1,200,000	State of Ohio	5.000		01/01/23		1,409,124
	1,000,000	State of Ohio	5.000		01/01/24		1,172,610
	4,000,000	State of Ohio, AMT	4.950		09/01/20		4,012,280
		TOTAL OHIO					20,681,795
OKLAHOMA - 0.8%
	1,000,000	Oklahoma Turnpike Authority	5.000		01/01/24		1,191,830
	500,000	Oklahoma Turnpike Authority	5.000		01/01/25		592,555
	1,000,000	Oklahoma Turnpike Authority	5.000		01/01/25		1,185,110
		TOTAL OKLAHOMA					2,969,495
OREGON - 0.3%
	740,000	State of Oregon	5.000		05/01/21		927,553
		TOTAL OREGON					927,553
PENNSYLVANIA - 3.1%
	1,120,000	Carbon County Hospital Authority	5.400		11/15/14		1,154,294
	1,500,000	City of Pittsburgh PA	5.000		09/01/24		1,725,450
	350,000	Commonwealth of Pennsylvania	5.000		01/01/16		401,782
	1,925,000	Commonwealth of Pennsylvania	5.000		02/15/19		2,357,009
	1,000,000	Pennsylvania Higher Educational Facilities Authority	5.000		08/15/22		1,209,190
	2,000,000	Philadelphia School District	5.000		09/01/20		2,293,640
	1,425,000	Philadelphia School District, GO	5.000		06/01/24		1,590,386
	415,000	Pittsburgh Urban Redevelopment Authority, ETM	6.500		09/01/13		429,637
		TOTAL PENNSYLVANIA					11,161,388
PUERTO RICO - 5.9%
	510,000	Commonwealth of Puerto Rico	5.000		07/01/13		529,972
	1,000,000	Commonwealth of Puerto Rico	5.250		07/01/16		1,110,610
	1,500,000	Commonwealth of Puerto Rico	5.500		07/01/19		1,683,570
	2,000,000	Commonwealth of Puerto Rico	5.500		07/01/20		2,228,000
	250,000	Commonwealth of Puerto Rico	5.500		07/01/21		279,480
	1,250,000	Government Development Bank for Puerto Rico	5.000		12/01/16		1,358,875

87

TIAA-CREF FUNDS – Tax-Exempt Bond Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$3,370,000	Puerto Rico Commonwealth Infrastructure Financing Authority	5.500	%	07/01/19	$	3,782,421
	1,000,000	Puerto Rico Highway & Transportation Authority	5.500		07/01/21		1,121,950
	145,000	Puerto Rico Highway & Transportation Authority	5.250		07/01/22		189,158
	255,000	Puerto Rico Highway & Transportation Authority	5.250		07/01/22		293,505
	685,000	Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth	4.000		04/01/20		679,568
	475,000	Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth	5.000		04/01/21		497,919
	500,000	Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth	5.000		04/01/22		520,705
	1,225,000	Puerto Rico Infrastructure Financing Authority	5.500		07/01/18		1,368,950
	1,500,000	Puerto Rico Public Buildings Authority	6.000		07/01/20		1,734,480
	475,000	Puerto Rico Public Buildings Authority	6.250		07/01/21		561,721
	2,000,000	Puerto Rico Public Buildings Authority	5.250		07/01/42		1,979,120
	5,000	Puerto Rico Public Buildings Authority, ETM	5.500		07/01/13		5,251
	250,000	Puerto Rico Public Finance Corp	6.000		08/01/24		288,957
	1,000,000	Puerto Rico Public Finance Corp	6.000		08/01/25		1,148,420
		TOTAL PUERTO RICO					21,362,632
RHODE ISLAND - 1.3%
	315,000	Providence Housing Authority	5.000		09/01/18		345,517
	790,000	Rhode Island State & Providence Plantations, COP	5.250		10/01/14		857,703
	800,000	Rhode Island State & Providence Plantations, COP	5.000		10/01/16		911,024
	2,000,000	State of Rhode Island	5.000		08/01/21		2,445,360
		TOTAL RHODE ISLAND					4,559,604
SOUTH CAROLINA - 1.2%
	315,000	County of Richland SC	4.600		09/01/12		316,865
	750,000	Lexington County Health Services District, Inc	5.000		11/01/19		881,302
	750,000	Lexington County Health Services District, Inc	5.000		11/01/21		872,490
	1,120,000	Scago Educational Facilities Corp for Colleton School District	5.000		12/01/16		1,301,037
	1,000,000	Scago Public Facilities Corp for Georgetown County	5.000		12/01/19		1,146,910
		TOTAL SOUTH CAROLINA					4,518,604
SOUTH DAKOTA - 0.2%
	500,000	State of South Dakota	6.700		09/01/17		576,870
		TOTAL SOUTH DAKOTA					576,870
TENNESSEE - 0.8%
	1,000,000	Memphis-Shelby County Airport Authority, AMT	5.625		07/01/20		1,193,070
		Metropolitan Government Nashville & Davidson County Health &
	1,500,000	Educational Facs Bd	6.000		12/01/16		1,648,980
		TOTAL TENNESSEE					2,842,050
TEXAS - 2.6%
	970,000	Bexar Metropolitan Water District	5.000		05/01/17		1,091,696
	725,000	County of Harris TX	5.000		08/15/16		845,336
	160,000	Harris County Flood Control District	5.000		10/01/14		176,274

88

TIAA-CREF FUNDS – Tax-Exempt Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$500,000		Lower Colorado River Authority	5.000	%	05/15/21	$	608,100
	500,000		Lower Colorado River Authority	5.000		05/15/22		597,470
	500,000		Lower Colorado River Authority	5.000		05/15/23		584,495
	1,515,000		Lower Colorado River Authority, ETM	6.000		01/01/17		1,846,709
	1,000,000		Lubbock Health Facilities Development Corp	5.000		07/01/19		1,170,580
	310,000		North Central Texas Health Facility Development Corp, ETM	5.500		06/01/21		383,169
	1,000,000		State of Texas	5.000		10/01/22		1,243,300
	630,000		Tarrant County Health Facilities Development Corp, ETM	6.000		09/01/24		809,405
			TOTAL TEXAS					9,356,534
UTAH - 0.6%
	1,000,000		State of Utah	5.000		07/01/21		1,271,140
	900,000		Utah State Board of Regents	5.000		08/01/22		1,070,775
			TOTAL UTAH					2,341,915
VIRGINIA - 0.8%
	285,000		Tobacco Settlement Financing Corp, ETM	5.500		06/01/26		313,509
	1,000,000		Virginia College Building Authority	5.000		02/01/23		1,256,370
	1,000,000		Virginia Resources Authority	5.000		11/01/30		1,164,780
			TOTAL VIRGINIA					2,734,659
WASHINGTON - 1.9%
	3,150,000		Port of Seattle WA	5.500		09/01/17		3,687,453
	500,000		State of Washington	5.000		06/01/24		601,445
	600,000		Washington Economic Development Finance Authority	5.000		06/01/16		687,228
	290,000		Washington Higher Education Facilities Authority	5.000		05/01/19		339,367
	625,000		Washington Higher Education Facilities Authority	5.000		05/01/20		733,912
	660,000		Washington Higher Education Facilities Authority	5.000		05/01/21		776,734
			TOTAL WASHINGTON					6,826,139
WEST VIRGINIA - 0.9%
	1,000,000		City of Princeton WV	4.000		05/01/15		1,032,590
	1,500,000		City of Princeton WV	5.000		05/01/21		1,646,745
	500,000		City of Princeton WV	5.000		05/01/22		546,630
			TOTAL WEST VIRGINIA					3,225,965
WISCONSIN - 2.3%
	1,040,000		State of Wisconsin	5.000		05/01/19		1,291,950
	2,000,000		State of Wisconsin	5.000		05/01/21		2,477,520
	1,000,000		State of Wisconsin	5.000		05/01/21		1,238,760
	1,500,000		Wisconsin Health & Educational Facilities Authority	5.000		06/01/32		1,585,155
	1,500,000		Wisconsin Health & Educational Facilities Authority	5.000		06/01/39		1,565,445
			TOTAL WISCONSIN					8,158,830
			TOTAL LONG-TERM MUNICIPAL BONDS					352,804,669
			(Cost $329,344,975)
			TOTAL INVESTMENTS - 97.8%					352,804,669
			(Cost $329,344,975)
			OTHER ASSETS & LIABILITIES, NET - 2.2%					7,792,942
			NET ASSETS - 100.0%				$	360,597,611
			Abbreviation(s):
			AMT    Alternative Minimum Tax (subject to)
			COP    Certificate of Participation
			ETM   Escrowed to Maturity
			GO      General Obligation
		h	These securities were purchased on a delayed delivery basis.
		i	Floating or variable rate security. Coupon reflects the rate at period end.

89

TIAA-CREF FUNDS – Inflation-Linked Bond Fund

TIAA-CREF FUNDS
INFLATION-LINKED BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2012

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
BONDS - 99.3%
GOVERNMENT BONDS - 99.3%
U.S. TREASURY SECURITIES - 99.3%
	$  3,564,674	k	United States Treasury Inflation Indexed Bonds	0.625	%	04/15/13	$	3,570,523
	52,760,354	k	United States Treasury Inflation Indexed Bonds	1.875		07/15/13		54,029,874
	54,183,017	k	United States Treasury Inflation Indexed Bonds	2.000		01/15/14		56,257,197
	35,551,864	k	United States Treasury Inflation Indexed Bonds	1.250		04/15/14		36,704,527
	56,825,725	k	United States Treasury Inflation Indexed Bonds	2.000		07/15/14		60,213,050
	36,836,185	k	United States Treasury Inflation Indexed Bonds	1.625		01/15/15		39,144,193
	47,443,966	k	United States Treasury Inflation Indexed Bonds	0.500		04/15/15		49,260,168
	41,832,563	k	United States Treasury Inflation Indexed Bonds	1.875		07/15/15		45,492,912
	43,502,149	k	United States Treasury Inflation Indexed Bonds	2.000		01/15/16		48,131,039
	69,721,236	k	United States Treasury Inflation Indexed Bonds	0.125		04/15/16		72,569,976
	41,401,582	k	United States Treasury Inflation Indexed Bonds	2.500		07/15/16		47,395,124
	38,021,258	k	United States Treasury Inflation Indexed Bonds	2.375		01/15/17		43,878,889
	34,438,940	k	United States Treasury Inflation Indexed Bonds	0.125		04/15/17		36,354,606
	33,476,586	k	United States Treasury Inflation Indexed Bonds	2.625		07/15/17		39,763,891
	32,470,691	k	United States Treasury Inflation Indexed Bonds	1.625		01/15/18		37,052,110
	31,287,323	k	United States Treasury Inflation Indexed Bonds	1.375		07/15/18		35,718,891
	31,500,355	k	United States Treasury Inflation Indexed Bonds	2.125		01/15/19		37,689,671
	34,383,464	k	United States Treasury Inflation Indexed Bonds	1.875		07/15/19		41,123,173
	40,692,729	k	United States Treasury Inflation Indexed Bonds	1.375		01/15/20		47,311,645
	62,865,848	k	United States Treasury Inflation Indexed Bonds	1.250		07/15/20		72,993,158
	69,497,388	k	United States Treasury Inflation Indexed Bonds	1.125		01/15/21		79,976,273
	68,321,508	k	United States Treasury Inflation Indexed Bonds	0.625		07/15/21		76,093,080
	67,099,218	k	United States Treasury Inflation Indexed Bonds	0.125		01/15/22		70,994,126
	56,575,521	k	United States Treasury Inflation Indexed Bonds	2.375		01/15/25		74,507,301
	39,475,331	k	United States Treasury Inflation Indexed Bonds	2.000		01/15/26		50,377,312
	33,663,021	k	United States Treasury Inflation Indexed Bonds	2.375		01/15/27		45,171,567
	34,071,822	k	United States Treasury Inflation Indexed Bonds	1.750		01/15/28		42,688,280
	38,496,375	k	United States Treasury Inflation Indexed Bonds	3.625		04/15/28		59,389,666
	34,493,195	k	United States Treasury Inflation Indexed Bonds	2.500		01/15/29		47,867,379
	46,445,278	k	United States Treasury Inflation Indexed Bonds	3.875		04/15/29		75,045,399
	12,609,951	k	United States Treasury Inflation Indexed Bonds	3.375		04/15/32		20,313,850
	17,565,958	k	United States Treasury Inflation Indexed Bonds	2.125		02/15/40		24,932,682
	39,676,122	k	United States Treasury Inflation Indexed Bonds	2.125		02/15/41		56,625,285
	25,963,005	k	United States Treasury Inflation Indexed Bonds	0.750		02/15/42		27,234,777
			TOTAL U.S. TREASURY SECURITIES					1,655,871,594
			TOTAL GOVERNMENT BONDS					1,655,871,594
			(Cost $1,478,512,343)
			TOTAL BONDS					1,655,871,594
			(Cost $1,478,512,343)
			TOTAL INVESTMENTS - 99.3%				$	1,655,871,594
			(Cost $1,478,512,343)
			OTHER ASSETS & LIABILITIES, NET - 0.7%					11,508,733
			NET ASSETS - 100.0%				$	1,667,380,327
		k	Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index.

90

TIAA-CREF FUNDS – Bond Index Fund

TIAA-CREF FUNDS
BOND INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2012

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
BONDS - 99.7%
CORPORATE BONDS - 21.9%
AUTOMOBILES & COMPONENTS - 0.1%
	$50,000		BorgWarner, Inc	4.625	%	09/15/20	$	54,458
	500,000		Ford Motor Co	7.450		07/16/31		626,250
	400,000		Honeywell International, Inc	5.400		03/15/16		458,166
	400,000		Honeywell International, Inc	5.000		02/15/19		475,868
	282,000		Honeywell International, Inc	5.700		03/15/37		361,622
	210,000		Johnson Controls, Inc	5.500		01/15/16		236,051
	150,000		Johnson Controls, Inc	2.600		12/01/16		154,924
	160,000		Johnson Controls, Inc	4.250		03/01/21		171,856
	270,000		Johnson Controls, Inc	6.000		01/15/36		322,803
			TOTAL AUTOMOBILES & COMPONENTS					2,861,998
BANKS - 2.8%
	100,000		Allied World Assurance Co Ltd	7.500		08/01/16		115,297
	1,800,000		Asian Development Bank	0.875		06/10/14		1,817,518
	1,750,000		Asian Development Bank	2.500		03/15/16		1,863,110
	2,000,000		Asian Development Bank	1.125		03/15/17		2,030,812
	75,000		Asian Development Bank	5.820		06/16/28		99,282
	500,000		Banco do Brasil S.A.	3.875		01/23/17		512,500
	100,000		BanColombia S.A.	4.250		01/12/16		103,750
	200,000		BanColombia S.A.	5.950		06/03/21		213,500
	1,470,000		Bank of America Corp	4.500		04/01/15		1,515,222
	2,045,000		Bank of America Corp	3.700		09/01/15		2,065,953
	550,000		Bank of America Corp	3.625		03/17/16		552,517
	1,200,000		Bank of America Corp	6.500		08/01/16		1,317,761
	585,000		Bank of America Corp	5.300		03/15/17		609,061
	600,000		Bank of America Corp	3.875		03/22/17		611,218
	575,000		Bank of America Corp	6.000		09/01/17		620,532
	590,000		Bank of America Corp	5.750		12/01/17		629,646
	320,000		Bank of America Corp	5.650		05/01/18		342,174
	600,000		Bank of America Corp	5.490		03/15/19		611,039
	700,000		Bank of America Corp	5.875		01/05/21		764,265
	500,000		Bank of America Corp	5.700		01/24/22		550,647
	700,000		Bank of America Corp	5.875		02/07/42		766,766
	100,000		Bank of New York Mellon Corp	1.500		01/31/14		101,161
	530,000		Bank of New York Mellon Corp	4.300		05/15/14		565,052
	300,000		Bank of New York Mellon Corp	1.700		11/24/14		305,054
	100,000		Bank of New York Mellon Corp	1.969		06/20/17		101,174
	500,000		Bank of New York Mellon Corp	3.550		09/23/21		531,689
	510,000		Barclays Bank plc	5.200		07/10/14		537,332
	190,000	i	BB&T Capital Trust IV	6.820		06/12/57		191,187
	500,000		BB&T Corp	5.200		12/23/15		550,256
	100,000		BB&T Corp	3.200		03/15/16		105,845

91

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$200,000		BB&T Corp	2.150	%	03/22/17	$	203,176
	70,000		BB&T Corp	4.900		06/30/17		76,861
	400,000		BB&T Corp	6.850		04/30/19		504,447
	200,000		BB&T Corp	3.950		03/22/22		209,132
	150,000		BBVA US Senior SAU	3.250		05/16/14		144,306
	460,000		BHP Billiton Finance Ltd	5.400		03/29/17		537,740
	400,000		BHP Billiton Finance USA Ltd	5.500		04/01/14		433,297
	300,000		BHP Billiton Finance USA Ltd	1.000		02/24/15		300,514
	300,000		BHP Billiton Finance USA Ltd	1.875		11/21/16		307,303
	500,000		BHP Billiton Finance USA Ltd	1.625		02/24/17		503,435
	450,000		BHP Billiton Finance USA Ltd	6.500		04/01/19		572,822
	100,000		BHP Billiton Finance USA Ltd	3.250		11/21/21		104,359
	300,000		BHP Billiton Finance USA Ltd	2.875		02/24/22		303,150
	200,000		BHP Billiton Finance USA Ltd	4.125		02/24/42		205,471
	810,000		Capital One Bank USA NA	8.800		07/15/19		1,020,075
	250,000		Capital One Financial Corp	3.150		07/15/16		258,900
	200,000		Citigroup, Inc	5.850		07/02/13		209,204
	2,100,000		Citigroup, Inc	6.000		12/13/13		2,206,997
	350,000		Citigroup, Inc	2.650		03/02/15		349,957
	1,750,000		Citigroup, Inc	3.953		06/15/16		1,793,151
	200,000		Citigroup, Inc	4.450		01/10/17		209,649
	650,000		Citigroup, Inc	6.000		08/15/17		712,008
	915,000		Citigroup, Inc	6.125		11/21/17		1,013,750
	1,320,000		Citigroup, Inc	6.125		05/15/18		1,473,878
	2,310,000		Citigroup, Inc	5.375		08/09/20		2,496,177
	1,950,000	h	Citigroup, Inc	4.500		01/14/22		2,014,065
	1,070,000		Citigroup, Inc	6.875		03/05/38		1,308,805
	200,000		Citigroup, Inc	5.875		01/30/42		218,433
	250,000		Comerica Bank	5.750		11/21/16		282,478
	50,000		Comerica Bank	5.200		08/22/17		55,973
	200,000		Compass Bank	5.500		04/01/20		189,010
	400,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA	3.375		01/19/17		411,675
	600,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA	3.875		02/08/22		610,340
	700,000		Deutsche Bank AG	3.875		08/18/14		728,783
	900,000		Deutsche Bank AG	3.450		03/30/15		931,811
	600,000		Deutsche Bank AG	3.250		01/11/16		617,488
	215,000		Discover Bank	7.000		04/15/20		250,232
	450,000		Fifth Third Bancorp	3.625		01/25/16		474,640
	200,000		Fifth Third Bancorp	3.500		03/15/22		202,114
	140,000		Fifth Third Bancorp	8.250		03/01/38		190,004
	250,000		Fifth Third Bank	4.750		02/01/15		265,957
	100,000		First Horizon National Corp	5.375		12/15/15		105,520
	200,000		First Niagara Financial Group, Inc	7.250		12/15/21		224,722
	600,000		HSBC Bank USA NA	4.625		04/01/14		625,446
	750,000		HSBC Bank USA NA	4.875		08/24/20		771,520
	266,000		HSBC Bank USA NA	5.875		11/01/34		277,067
	33,000		HSBC Bank USA NA	7.000		01/15/39		38,644
	150,000		HSBC Holdings plc	4.875		01/14/22		165,814
	1,925,000		HSBC Holdings plc	6.500		09/15/37		2,135,753
	150,000		HSBC Holdings plc	6.100		01/14/42		183,701
	700,000		HSBC USA, Inc	2.375		02/13/15		707,979
	1,500,000		Inter-American Development Bank	1.750		08/24/18		1,553,497

92

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$340,000		JP Morgan Chase Capital XXV	6.800	%	10/01/37	$	339,998
	2,475,000		JPMorgan Chase & Co	2.050		01/24/14		2,502,059
	634,000		JPMorgan Chase & Co	5.125		09/15/14		673,551
	225,000		JPMorgan Chase & Co	3.700		01/20/15		234,693
	800,000		JPMorgan Chase & Co	1.875		03/20/15		799,382
	610,000		JPMorgan Chase & Co	3.400		06/24/15		632,638
	700,000		JPMorgan Chase & Co	5.150		10/01/15		751,150
	1,250,000		JPMorgan Chase & Co	3.450		03/01/16		1,295,601
	300,000		JPMorgan Chase & Co	3.150		07/05/16		308,521
	335,000		JPMorgan Chase & Co	6.000		01/15/18		384,533
	180,000		JPMorgan Chase & Co	4.950		03/25/20		198,415
	700,000		JPMorgan Chase & Co	4.400		07/22/20		738,311
	1,820,000		JPMorgan Chase & Co	4.250		10/15/20		1,911,935
	750,000		JPMorgan Chase & Co	4.625		05/10/21		802,489
	1,950,000		JPMorgan Chase & Co	4.350		08/15/21		2,058,026
	1,000,000		JPMorgan Chase & Co	4.500		01/24/22		1,077,218
	1,408,000		JPMorgan Chase & Co	5.500		10/15/40		1,553,241
	200,000		JPMorgan Chase & Co	5.400		01/06/42		219,604
	50,000		KeyBank NA	5.800		07/01/14		53,599
	600,000		KeyCorp	3.750		08/13/15		635,288
	150,000		KeyCorp	5.100		03/24/21		167,296
	150,000		M&I Marshall & Ilsley Bank	5.000		01/17/17		161,695
	280,000	i	Manufacturers & Traders Trust Co	5.629		12/01/21		279,649
	250,000		National Australia Bank	2.000		03/09/15		250,634
	250,000		National Australia Bank	2.750		03/09/17		251,516
	250,000		National Bank of Canada	1.500		06/26/15		250,769
	100,000		Noble Holding International Ltd	6.200		08/01/40		110,915
	150,000		Noble Holding International Ltd	5.250		03/15/42		148,709
	600,000		Nordic Investment Bank	3.625		06/17/13		618,683
	500,000		Nordic Investment Bank	2.250		03/15/16		527,039
	580,000		PNC Funding Corp	5.400		06/10/14		626,159
	700,000		PNC Funding Corp	2.700		09/19/16		725,454
	645,000		PNC Funding Corp	5.125		02/08/20		745,950
	50,000		PNC Funding Corp	4.375		08/11/20		55,251
	400,000		PNC Funding Corp	3.300		03/08/22		407,922
	740,000		Rabobank Nederland NV	2.125		10/13/15		742,813
	250,000		Regions Financial Corp	7.750		11/10/14		270,000
	250,000		Royal Bank of Scotland Group plc	6.400		10/21/19		266,589
	250,000		Sovereign Bank	8.750		05/30/18		271,038
	200,000		State Street Corp	2.875		03/07/16		211,842
	300,000		SunTrust Bank	7.250		03/15/18		347,189
	100,000		SunTrust Banks, Inc	3.600		04/15/16		103,837
	150,000		SunTrust Banks, Inc	3.500		01/20/17		155,284
	100,000		SunTrust Banks, Inc	6.000		09/11/17		113,829
	50,000		SVB Financial Group	5.375		09/15/20		53,927
	200,000		Svenska Handelsbanken AB	3.125		07/12/16		206,681
	300,000		Svenska Handelsbanken AB	2.875		04/04/17		304,119
	100,000		Toronto-Dominion Bank	2.500		07/14/16		103,610
	650,000		Toronto-Dominion Bank	2.375		10/19/16		667,495
	315,000		Union Bank of California NA	5.950		05/11/16		351,927
	60,000		UnionBanCal Corp	5.250		12/16/13		63,062
	225,000		UnionBanCal Corp	3.500		06/18/22		227,263

93

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$300,000		US Bancorp	2.200	%	11/15/16	$	309,407
	250,000		US Bancorp	1.650		05/15/17		251,825
	325,000		US Bancorp	3.000		03/15/22		332,922
	970,000		US Bank NA	6.300		02/04/14		1,050,152
	250,000	i	US Bank NA	3.778		04/29/20		261,193
	240,000		USB Capital XIII Trust	6.625		12/15/39		241,961
	692,000		Wachovia Bank NA	4.800		11/01/14		737,426
	1,110,000		Wachovia Bank NA	5.850		02/01/37		1,284,658
	500,000		Wells Fargo & Co	1.250		02/13/15		499,309
	1,000,000		Wells Fargo & Co	1.500		07/01/15		1,000,756
	650,000		Wells Fargo & Co	3.676		06/15/16		691,860
	300,000		Wells Fargo & Co	5.125		09/15/16		333,426
	1,200,000		Wells Fargo & Co	4.600		04/01/21		1,338,766
	1,000,000		Wells Fargo & Co	3.500		03/08/22		1,028,963
	264,000		Wells Fargo & Co	5.375		02/07/35		303,618
	20,000		Western Union Co	5.930		10/01/16		23,204
	100,000		Western Union Co	3.650		08/22/18		108,266
	400,000		Western Union Co	5.253		04/01/20		460,318
	100,000		Westpac Banking Corp	1.850		12/09/13		100,986
	1,455,000		Westpac Banking Corp	3.000		08/04/15		1,507,146
	150,000		Westpac Banking Corp	3.000		12/09/15		155,225
	75,000		Westpac Banking Corp	4.875		11/19/19		81,217
	185,000		Zions Bancorporation	7.750		09/23/14		200,641
			TOTAL BANKS					91,654,193
CAPITAL GOODS - 0.7%
	165,000		Agilent Technologies, Inc	2.500		07/15/13		167,253
	50,000		Agilent Technologies, Inc	6.500		11/01/17		60,042
	100,000		Agilent Technologies, Inc	5.000		07/15/20		113,259
	200,000		Applied Materials, Inc	4.300		06/15/21		222,752
	100,000		Applied Materials, Inc	5.850		06/15/41		120,670
	100,000		Arrow Electronics, Inc	6.875		07/01/13		105,661
	200,000		Arrow Electronics, Inc	5.125		03/01/21		209,745
	225,000		Avnet, Inc	6.625		09/15/16		256,423
	115,000		Black & Decker Corp	8.950		04/15/14		129,826
	100,000		Cameron International Corp	6.375		07/15/18		118,902
	150,000		Cameron International Corp	3.600		04/30/22		150,243
	100,000		Cameron International Corp	5.950		06/01/41		113,484
	100,000		Carlisle Cos, Inc	5.125		12/15/20		109,568
	136,000		Caterpillar Financial Services Corp	6.125		02/17/14		147,686
	150,000		Caterpillar Financial Services Corp	1.375		05/20/14		151,838
	250,000		Caterpillar Financial Services Corp	2.050		08/01/16		258,006
	300,000		Caterpillar Financial Services Corp	1.750		03/24/17		303,526
	200,000		Caterpillar Financial Services Corp	1.625		06/01/17		200,979
	500,000		Caterpillar Financial Services Corp	5.850		09/01/17		600,054
	200,000		Caterpillar Financial Services Corp	5.450		04/15/18		238,417
	1,361,000		Caterpillar Financial Services Corp	7.150		02/15/19		1,776,292
	50,000		Caterpillar, Inc	5.700		08/15/16		58,908
	150,000		Caterpillar, Inc	1.500		06/26/17		150,208
	200,000		Caterpillar, Inc	3.900		05/27/21		222,709
	200,000		Caterpillar, Inc	2.600		06/26/22		199,476
	10,000		Caterpillar, Inc	7.300		05/01/31		14,491

94

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$400,000		Caterpillar, Inc	5.200	%	05/27/41	$	485,138
	75,000		CRH America, Inc	5.300		10/15/13		78,041
	150,000		CRH America, Inc	4.125		01/15/16		152,481
	350,000		CRH America, Inc	6.000		09/30/16		383,125
	450,000		Danaher Corp	5.625		01/15/18		534,936
	150,000		Deere & Co	2.600		06/08/22		149,738
	218,000		Deere & Co	5.375		10/16/29		274,001
	150,000		Deere & Co	3.900		06/09/42		149,025
	200,000		Dover Corp	4.875		10/15/15		223,387
	150,000		Dover Corp	5.450		03/15/18		177,000
	100,000		Dover Corp	5.375		03/01/41		122,985
	200,000		Eaton Corp	5.600		05/15/18		235,738
	300,000		Emerson Electric Co	5.250		10/15/18		361,348
	400,000		Emerson Electric Co	4.875		10/15/19		472,762
	100,000		Energizer Holdings, Inc	4.700		05/19/21		105,410
	100,000		Energizer Holdings, Inc	4.700		05/24/22		104,336
	400,000		General Dynamics Corp	5.250		02/01/14		428,956
	11,000		General Dynamics Corp	5.375		08/15/15		12,487
	300,000		General Dynamics Corp	2.250		07/15/16		313,060
	750,000		General Electric Co	5.250		12/06/17		875,807
	265,000		Goodrich Corp	6.125		03/01/19		326,476
	25,000		Goodrich Corp	4.875		03/01/20		28,663
	185,000		Harsco Corp	5.125		09/15/13		192,196
	100,000		IDEX Corp	4.500		12/15/20		105,978
	200,000		IDEX Corp	4.200		12/15/21		207,421
	100,000		Illinois Tool Works, Inc	6.250		04/01/19		123,890
	200,000		Illinois Tool Works, Inc	4.875		09/15/41		227,830
	200,000		Ingersoll-Rand Global Holding Co Ltd	6.000		08/15/13		210,868
	170,000		Ingersoll-Rand Global Holding Co Ltd	6.875		08/15/18		207,045
	695,000		John Deere Capital Corp	2.950		03/09/15		733,859
	100,000		John Deere Capital Corp	2.000		01/13/17		103,149
	800,000		John Deere Capital Corp	5.500		04/13/17		951,659
	200,000		John Deere Capital Corp	3.150		10/15/21		208,005
	200,000		John Deere Capital Corp	2.800		01/27/23		200,725
	100,000		Joy Global, Inc	5.125		10/15/21		109,780
	150,000		Kennametal, Inc	3.875		02/15/22		154,336
	100,000		KLA-Tencor Corp	6.900		05/01/18		119,442
	100,000		Legrand France S.A.	8.500		02/15/25		126,913
	400,000		Lockheed Martin Corp	7.650		05/01/16		482,732
	200,000		Lockheed Martin Corp	3.350		09/15/21		206,722
	239,000		Lockheed Martin Corp	5.500		11/15/39		280,701
	350,000		Lockheed Martin Corp	4.850		09/15/41		379,548
	100,000		Mosaic Co	4.875		11/15/41		106,292
	250,000		Parker Hannifin Corp	3.500		09/15/22		266,105
	100,000		Raytheon Co	1.400		12/15/14		101,459
	50,000		Raytheon Co	4.400		02/15/20		56,769
	450,000	h	Raytheon Co	3.125		10/15/20		472,278
	200,000		Raytheon Co	7.200		08/15/27		280,175
	100,000		Raytheon Co	4.700		12/15/41		110,074
	100,000		Rockwell Automation, Inc	6.250		12/01/37		136,529
	100,000		Rockwell Collins, Inc	3.100		11/15/21		104,115
	100,000		Roper Industries, Inc	6.250		09/01/19		119,011

95

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$100,000		Snap-on, Inc	4.250	%	01/15/18	$	110,774
	250,000		Stanley Black & Decker, Inc	3.400		12/01/21		257,753
	100,000		Stanley Black & Decker, Inc	5.200		09/01/40		111,846
	250,000		Textron, Inc	5.600		12/01/17		275,372
	170,000		Tyco International Finance S.A.	4.125		10/15/14		183,471
	200,000		Tyco International Finance S.A.	3.375		10/15/15		215,587
	400,000		Tyco International Finance S.A.	3.750		01/15/18		445,973
	100,000		Tyco International Ltd	6.875		01/15/21		133,321
	200,000		United Technologies Corp	4.875		05/01/15		221,369
	300,000		United Technologies Corp	1.200		06/01/15		303,491
	250,000		United Technologies Corp	1.800		06/01/17		255,309
	500,000		United Technologies Corp	5.375		12/15/17		597,718
	490,000		United Technologies Corp	4.500		04/15/20		567,870
	325,000		United Technologies Corp	3.100		06/01/22		340,555
	280,000		United Technologies Corp	5.400		05/01/35		334,674
	280,000		United Technologies Corp	6.050		06/01/36		361,319
	145,000		United Technologies Corp	5.700		04/15/40		183,899
	850,000		United Technologies Corp	4.500		06/01/42		933,644
	100,000		Valmont Industries, Inc	6.625		04/20/20		117,344
	100,000	g	Xylem, Inc	3.550		09/20/16		105,309
	100,000	g	Xylem, Inc	4.875		10/01/21		110,603
			TOTAL CAPITAL GOODS					25,448,125
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%
	100,000	g,h	ADT Corp	2.250		07/15/17		100,469
	125,000	g,h	ADT Corp	3.500		07/15/22		125,420
	200,000	g,h	ADT Corp	4.875		07/15/42		195,918
	200,000		Celgene Corp	3.950		10/15/20		210,082
	30,000		Corp Andina de Fomento	5.125		05/05/15		32,394
	500,000		Corp Andina de Fomento	3.750		01/15/16		519,620
	277,000		Corp Andina de Fomento	4.375		06/15/22		282,937
	1,000,000		Council Of Europe Development Bank	2.625		02/16/16		1,047,832
	500,000		Council Of Europe Development Bank	1.500		06/19/17		498,070
	350,000		Daimler Finance North America LLC	6.500		11/15/13		375,180
	250,000	g	Daimler Finance North America LLC	2.400		04/10/17		253,709
	300,000		Daimler Finance North America LLC	8.500		01/18/31		458,975
	200,000		eBay, Inc	3.250		10/15/20		209,511
	150,000		Equifax, Inc	6.300		07/01/17		173,371
	1,500,000		European Investment Bank	1.125		04/15/15		1,512,825
	1,200,000		European Investment Bank	1.750		03/15/17		1,216,768
	1,000,000		European Investment Bank	2.875		09/15/20		1,037,600
	25,000		Howard Hughes Medical Institute	3.450		09/01/14		26,542
	200,000		McGraw-Hill Cos, Inc	5.900		11/15/17		230,220
	44,000		Quest Diagnostics, Inc	5.450		11/01/15		49,074
	200,000		Quest Diagnostics, Inc	4.700		04/01/21		222,704
	150,000		Quest Diagnostics, Inc	6.950		07/01/37		188,778
	150,000		Reed Elsevier Capital, Inc	7.750		01/15/14		163,948
	100,000		Reed Elsevier Capital, Inc	8.625		01/15/19		126,866
	63,000		Republic Services, Inc	5.500		09/15/19		72,900
	265,000		Republic Services, Inc	5.000		03/01/20		299,840
	580,000		Republic Services, Inc	5.250		11/15/21		665,890
	250,000		Republic Services, Inc	3.550		06/01/22		252,702

96

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$30,000		Republic Services, Inc	6.200	%	03/01/40	$	36,093
	150,000		SAIC, Inc	4.450		12/01/20		161,026
	100,000		Svensk Exportkredit AB	3.250		09/16/14		104,993
	500,000		Svensk Exportkredit AB	1.750		05/30/17		503,049
	300,000		Thomson Corp	5.700		10/01/14		329,967
	345,000		Thomson Reuters Corp	6.500		07/15/18		425,662
	145,000		Thomson Reuters Corp	5.850		04/15/40		174,362
	200,000	g	URS Corp	5.000		04/01/22		197,553
	25,000		Vanderbilt University	5.250		04/01/19		30,170
	500,000		Waste Management, Inc	5.000		03/15/14		532,063
	310,000		Waste Management, Inc	4.600		03/01/21		344,804
	255,000		Waste Management, Inc	6.125		11/30/39		315,351
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES					13,705,238
CONSUMER DURABLES & APPAREL - 0.1%
	100,000		Hasbro, Inc	6.125		05/15/14		108,136
	100,000		Hasbro, Inc	6.350		03/15/40		116,165
	100,000		Mattel Inc	4.350		10/01/20		106,995
	100,000		Mattel, Inc	5.450		11/01/41		109,304
	100,000		Newell Rubbermaid, Inc	4.700		08/15/20		108,187
	200,000		Newell Rubbermaid, Inc	4.000		06/15/22		204,115
	400,000		Rio Tinto Finance USA plc	3.500		03/22/22		421,566
	200,000		Rio Tinto Finance USA plc	4.750		03/22/42		223,794
	220,000		VF Corp	6.450		11/01/37		289,369
	200,000		Whirlpool Corp	8.600		05/01/14		222,669
	150,000		Whirlpool Corp	4.700		06/01/22		151,653
			TOTAL CONSUMER DURABLES & APPAREL					2,061,953
CONSUMER SERVICES - 0.3%
	200,000		Board of Trustees of The Leland Stanford Junior University	3.625		05/01/14		211,076
	100,000		Board of Trustees of The Leland Stanford Junior University	4.750		05/01/19		119,147
	100,000		Cintas Corp No 2	4.300		06/01/21		108,867
	200,000		Cintas Corp No 2	3.250		06/01/22		200,497
	500,000		Continental Airlines 2012 Class A Pass Thru Trusts	4.150		04/11/24		491,250
	100,000		Cornell University	5.450		02/01/19		121,584
	100,000		Darden Restaurants, Inc	6.200		10/15/17		115,872
	100,000		Darden Restaurants, Inc	6.800		10/15/37		118,289
	75,000		Dartmouth College	4.750		06/01/19		88,723
	100,000		George Washington University	3.485		09/15/22		105,310
	175,000		GlaxoSmithKline Capital plc	0.750		05/08/15		174,980
	300,000		GlaxoSmithKline Capital plc	1.500		05/08/17		300,543
	300,000		GlaxoSmithKline Capital plc	2.850		05/08/22		305,162
	100,000		Hyatt Hotels Corp	3.875		08/15/16		105,942
	150,000		Johns Hopkins University	5.250		07/01/19		181,118
	200,000		Marriott International, Inc	3.000		03/01/19		202,213
	250,000		Massachusetts Institute of Technology	5.600		07/01/11		347,180
	300,000		McDonald’s Corp	1.875		05/29/19		299,322
	720,000		McDonald’s Corp	3.500		07/15/20		785,208
	550,000		McDonald’s Corp	2.625		01/15/22		560,011
	280,000		McDonald’s Corp	6.300		03/01/38		391,352
	200,000		President and Fellows of Harvard College	4.875		10/15/40		250,780
	100,000		Princeton University	4.950		03/01/19		119,611

97

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$220,000	Princeton University	5.700	%	03/01/39	$	307,747
	350,000	Sheraton Holding Corp	7.375		11/15/15		401,686
	200,000	University of Southern California	5.250		10/01/11		263,808
	700,000	Walt Disney Co	4.500		12/15/13		741,126
	350,000	Walt Disney Co	0.875		12/01/14		352,161
	70,000	Walt Disney Co	5.625		09/15/16		82,315
	750,000	Walt Disney Co	2.550		02/15/22		753,815
	200,000	Walt Disney Co	7.000		03/01/32		287,797
	100,000	Walt Disney Co	4.375		08/16/41		109,940
	100,000	Walt Disney Co	4.125		12/01/41		106,884
	2,000	Wyndham Worldwide Corp	6.000		12/01/16		2,225
	250,000	Wyndham Worldwide Corp	2.950		03/01/17		248,691
	200,000	Wyndham Worldwide Corp	4.250		03/01/22		201,388
	200,000	Yale University	2.900		10/15/14		210,776
	330,000	Yum! Brands, Inc	6.250		03/15/18		391,034
	50,000	Yum! Brands, Inc	3.875		11/01/20		53,733
	100,000	Yum! Brands, Inc	6.875		11/15/37		132,438
		TOTAL CONSUMER SERVICES					10,351,601
DIVERSIFIED FINANCIALS - 3.9%
	300,000	Abbey National Treasury Services plc	2.875		04/25/14		292,558
	150,000	ABN Amro Bank NV	4.650		06/04/18		140,525
	500,000	African Development Bank	3.000		05/27/14		523,971
	250,000	African Development Bank	1.250		09/02/16		254,389
	300,000	African Development Bank	1.125		03/15/17		303,788
	20,000	Ahold Finance USA LLC	6.875		05/01/29		24,865
	300,000	American Express Co	4.875		07/15/13		311,980
	400,000	American Express Co	6.150		08/28/17		473,890
	190,000	American Express Co	7.000		03/19/18		235,179
	255,000	American Express Co	8.125		05/20/19		339,559
	244,000	American Express Co	8.150		03/19/38		386,243
	50,000	American Express Credit Corp	1.750		06/12/15		50,568
	1,750,000	American Express Credit Corp	2.750		09/15/15		1,826,106
	1,000,000	American Express Credit Corp	2.800		09/19/16		1,043,165
	400,000	American Express Credit Corp	2.375		03/24/17		409,973
	295,000	Ameriprise Financial, Inc	5.300		03/15/20		335,648
	450,000	Bank of Montreal	2.500		01/11/17		465,170
	1,150,000	Bank of New York Mellon Corp	2.300		07/28/16		1,186,548
	40,000	Bank of Nova Scotia	2.250		01/22/13		40,374
	220,000	Bank of Nova Scotia	2.375		12/17/13		225,223
	900,000	Bank of Nova Scotia	3.400		01/22/15		948,731
	100,000	Bank of Nova Scotia	2.050		10/07/15		102,208
	250,000	Bank of Nova Scotia	2.900		03/29/16		261,720
	150,000	Bank of Nova Scotia	2.550		01/12/17		155,849
	500,000	Barclays Bank plc	2.750		02/23/15		503,361
	1,900,000	Barclays Bank plc	5.000		09/22/16		2,063,324
	200,000	Barclays Bank plc	5.125		01/08/20		217,033
	80,000	Bear Stearns Cos LLC	5.300		10/30/15		86,813
	116,000	Bear Stearns Cos LLC	5.550		01/22/17		125,201
	50,000	Berkshire Hathaway, Inc	3.200		02/11/15		53,089
	700,000	Berkshire Hathaway, Inc	1.900		01/31/17		713,845
	200,000	Berkshire Hathaway, Inc	3.750		08/15/21		213,356

98

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$275,000		BlackRock, Inc	3.500	%	12/10/14	$	291,699
	210,000		BlackRock, Inc	6.250		09/15/17		254,268
	390,000		BlackRock, Inc	5.000		12/10/19		445,786
	125,000		BlackRock, Inc	3.375		06/01/22		126,841
	100,000		Block Financial LLC	5.125		10/30/14		103,132
	480,000		BNP Paribas	3.250		03/11/15		483,997
	800,000		BNP Paribas	3.600		02/23/16		809,199
	450,000		BNP Paribas	5.000		01/15/21		461,934
	100,000		Canadian Imperial Bank of Commerce	1.450		09/13/13		100,986
	425,000		Canadian Imperial Bank of Commerce	2.350		12/11/15		439,732
	200,000		Capital One Financial Corp	7.375		05/23/14		219,703
	300,000		Capital One Financial Corp	2.150		03/23/15		302,339
	250,000		Capital One Financial Corp	4.750		07/15/21		272,795
	200,000		Charles Schwab Corp	4.950		06/01/14		214,494
	100,000		Charles Schwab Corp	4.450		07/22/20		110,901
	120,000		CME Group, Inc	5.750		02/15/14		129,376
	400,000		Commonwealth Bank of Australia	1.950		03/16/15		402,579
	1,780,000		Credit Suisse	5.500		05/01/14		1,887,058
	1,310,000		Credit Suisse	5.300		08/13/19		1,473,817
	110,000		Credit Suisse	4.375		08/05/20		117,763
	1,300,000		Credit Suisse USA, Inc	5.375		03/02/16		1,441,813
	100,000		Credit Suisse USA, Inc	7.125		07/15/32		130,362
	250,000		Diageo Investment Corp	2.875		05/11/22		256,813
	100,000		Diageo Investment Corp	4.250		05/11/42		105,826
	155,000		Digital Realty Trust LP	4.500		07/15/15		161,891
	100,000	g	Discover Financial Services	5.200		04/27/22		104,608
	90,000		Eaton Vance Corp	6.500		10/02/17		102,817
	500,000		European Bank for Reconstruction & Development	1.375		10/20/16		509,953
	3,000,000		Ford Motor Credit Co LLC	2.750		05/15/15		3,024,342
	800,000		Ford Motor Credit Co LLC	3.000		06/12/17		795,593
	1,000,000		Ford Motor Credit Co LLC	5.000		05/15/18		1,061,882
	1,000,000		Ford Motor Credit Co LLC	5.875		08/02/21		1,112,508
	125,000		Franklin Resources, Inc	3.125		05/20/15		131,184
	1,435,000		General Electric Capital Corp	1.875		09/16/13		1,449,967
	2,335,000		General Electric Capital Corp	5.500		06/04/14		2,516,707
	200,000		General Electric Capital Corp	2.150		01/09/15		203,370
	1,605,000		General Electric Capital Corp	3.500		06/29/15		1,692,338
	200,000		General Electric Capital Corp	1.625		07/02/15		200,028
	400,000		General Electric Capital Corp	2.250		11/09/15		408,115
	150,000		General Electric Capital Corp	2.950		05/09/16		154,790
	200,000		General Electric Capital Corp	2.900		01/09/17		206,581
	800,000		General Electric Capital Corp	2.300		04/27/17		805,409
	625,000		General Electric Capital Corp	5.625		09/15/17		717,234
	630,000		General Electric Capital Corp	5.500		01/08/20		721,059
	1,105,000		General Electric Capital Corp	4.375		09/16/20		1,195,437
	250,000		General Electric Capital Corp	4.625		01/07/21		274,976
	300,000		General Electric Capital Corp	5.300		02/11/21		336,715
	200,000		General Electric Capital Corp	4.650		10/17/21		222,105
	2,025,000		General Electric Capital Corp	6.750		03/15/32		2,507,321
	1,200,000		General Electric Capital Corp	5.875		01/14/38		1,377,605
	927,000		General Electric Capital Corp	6.875		01/10/39		1,195,952
	340,000	i	Goldman Sachs Capital II	4.000		06/01/43		230,187

99

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$500,000	Goldman Sachs Group, Inc	3.300	%	05/03/15	$	499,931
	1,630,000	Goldman Sachs Group, Inc	3.700		08/01/15		1,644,404
	1,875,000	Goldman Sachs Group, Inc	3.625		02/07/16		1,875,206
	550,000	Goldman Sachs Group, Inc	5.950		01/18/18		588,658
	60,000	Goldman Sachs Group, Inc	6.150		04/01/18		65,045
	1,195,000	Goldman Sachs Group, Inc	7.500		02/15/19		1,362,780
	2,505,000	Goldman Sachs Group, Inc	5.375		03/15/20		2,578,705
	1,150,000	Goldman Sachs Group, Inc	6.000		06/15/20		1,227,704
	1,300,000	Goldman Sachs Group, Inc	5.250		07/27/21		1,320,563
	1,425,000	Goldman Sachs Group, Inc	5.750		01/24/22		1,504,236
	65,000	Goldman Sachs Group, Inc	6.450		05/01/36		63,396
	1,050,000	Goldman Sachs Group, Inc	6.250		02/01/41		1,094,893
	580,000	HSBC Finance Corp	4.750		07/15/13		598,674
	600,000	HSBC Finance Corp	5.500		01/19/16		649,768
	782,000	HSBC Finance Corp	6.676		01/15/21		846,682
	130,000	Jefferies Group, Inc	3.875		11/09/15		127,725
	425,000	Jefferies Group, Inc	8.500		07/15/19		461,125
	100,000	Jefferies Group, Inc	6.450		06/08/27		95,000
	125,000	John Deere Capital Corp	0.875		04/17/15		125,140
	300,000	John Deere Capital Corp	1.400		03/15/17		300,800
	1,500,000	KFW	3.250		03/15/13		1,530,719
	600,000	KFW	0.625		04/24/15		599,866
	1,000,000	KFW	1.250		02/15/17		1,010,784
	600,000	KFW	2.625		01/25/22		618,775
	100,000	Korea Finance Corp	3.250		09/20/16		102,456
	635,000	Kreditanstalt fuer Wiederaufbau	3.500		05/16/13		652,121
	1,750,000	Kreditanstalt fuer Wiederaufbau	4.000		10/15/13		1,828,839
	1,000,000	Kreditanstalt fuer Wiederaufbau	1.375		01/13/14		1,013,724
	3,000,000	Kreditanstalt fuer Wiederaufbau	1.250		10/26/15		3,047,802
	1,350,000	Kreditanstalt fuer Wiederaufbau	4.875		01/17/17		1,574,041
	1,105,000	Kreditanstalt fuer Wiederaufbau	4.500		07/16/18		1,295,164
	5,175,000	Kreditanstalt fuer Wiederaufbau	4.000		01/27/20		5,915,351
	1,125,000	Landwirtschaftliche Rentenbank	4.125		07/15/13		1,166,405
	1,025,000	Landwirtschaftliche Rentenbank	5.125		02/01/17		1,200,376
	203,000	Lazard Group LLC	7.125		05/15/15		221,676
	600,000	Lloyds TSB Bank plc	4.875		01/21/16		629,902
	400,000	Lloyds TSB Bank plc	4.200		03/28/17		412,603
	250,000	Lloyds TSB Bank plc	6.375		01/21/21		283,320
	1,260,000	Merrill Lynch & Co, Inc	6.400		08/28/17		1,370,565
	1,050,000	Merrill Lynch & Co, Inc	6.875		04/25/18		1,174,883
	1,000,000	Merrill Lynch & Co, Inc	6.110		01/29/37		942,263
	100,000	Merrill Lynch & Co, Inc	7.750		05/14/38		114,066
	300,000	Morgan Stanley	4.750		04/01/14		302,641
	3,300,000	Morgan Stanley	6.000		05/13/14		3,420,542
	100,000	Morgan Stanley	2.875		07/28/14		99,047
	720,000	Morgan Stanley	6.000		04/28/15		744,268
	200,000	Morgan Stanley	3.800		04/29/16		193,760
	970,000	Morgan Stanley	5.450		01/09/17		979,594
	300,000	Morgan Stanley	4.750		03/22/17		299,341
	550,000	Morgan Stanley	5.550		04/27/17		555,702
	245,000	Morgan Stanley	5.950		12/28/17		251,654
	796,000	Morgan Stanley	7.300		05/13/19		859,870

100

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$300,000		Morgan Stanley	5.625	%	09/23/19	$	296,910
	590,000		Morgan Stanley	5.500		01/26/20		577,858
	200,000		Morgan Stanley	5.750		01/25/21		197,208
	1,200,000		Morgan Stanley	5.500		07/28/21		1,182,308
	600,000		Morgan Stanley	7.250		04/01/32		637,318
	200,000	i	MUFG Capital Finance Ltd	6.346		12/30/49		214,990
	400,000		Murray Street Investment Trust	4.647		03/09/17		400,772
	220,000		NASDAQ OMX Group, Inc	5.550		01/15/20		228,909
	150,000		National Rural Utilities Cooperative Finance Corp	3.875		09/16/15		163,565
	735,000		National Rural Utilities Cooperative Finance Corp	10.375		11/01/18		1,065,004
	350,000		National Rural Utilities Cooperative Finance Corp	3.050		02/15/22		363,009
	250,000		Nomura Holdings, Inc	5.000		03/04/15		259,551
	260,000		Nomura Holdings, Inc	4.125		01/19/16		264,572
	430,000		Nomura Holdings, Inc	6.700		03/04/20		476,422
	400,000		Northern Trust Corp	4.625		05/01/14		428,026
	40,000		NYSE Euronext	4.800		06/28/13		41,588
	150,000		Oesterreichische Kontrollbank AG.	3.625		06/17/13		153,844
	1,000,000		Oesterreichische Kontrollbank AG.	1.375		01/21/14		1,008,664
	300,000		Oesterreichische Kontrollbank AG.	5.000		04/25/17		345,540
	600,000		ORIX Corp	5.000		01/12/16		628,511
	200,000		ORIX Corp	3.750		03/09/17		198,365
	300,000		PACCAR Financial Corp	1.600		03/15/17		303,111
	200,000		Principal Life Income Funding Trusts	5.550		04/27/15		220,730
	500,000		Rabobank Nederland NV	4.500		01/11/21		530,491
	200,000		Rabobank Nederland NV	5.250		05/24/41		215,386
	100,000		Raymond James Financial, Inc	4.250		04/15/16		103,987
	300,000		Raymond James Financial, Inc	5.625		04/01/24		320,320
	200,000		Royal Bank of Canada	2.100		07/29/13		203,329
	500,000		Royal Bank of Canada	1.125		01/15/14		503,482
	500,000		Royal Bank of Canada	1.150		03/13/15		501,135
	335,000		Royal Bank of Canada	2.625		12/15/15		349,511
	200,000		Royal Bank of Canada	2.300		07/20/16		205,290
	150,000		Royal Bank of Scotland plc	3.400		08/23/13		151,553
	50,000		Royal Bank of Scotland plc	4.875		03/16/15		51,737
	500,000		Royal Bank of Scotland plc	3.950		09/21/15		509,286
	1,200,000		Royal Bank of Scotland plc	4.375		03/16/16		1,229,738
	300,000		Royal Bank of Scotland plc	5.625		08/24/20		318,356
	200,000		Santander UK plc	7.950		10/26/29		195,531
	80,000		SLM Corp	5.375		01/15/13		81,499
	950,000		SLM Corp	6.250		01/25/16		997,500
	500,000		SLM Corp	6.000		01/25/17		516,513
	680,000		SLM Corp	8.450		06/15/18		761,600
	200,000		SLM Corp	7.250		01/25/22		211,500
	350,000		State Street Corp	4.300		05/30/14		372,631
	300,000		State Street Corp	4.375		03/07/21		340,847
	300,000		Syngenta Finance NV	3.125		03/28/22		304,467
	150,000		TD Ameritrade Holding Corp	4.150		12/01/14		158,566
	92,000		Telefonica Europe BV	8.250		09/15/30		88,989
	50,000		Toyota Motor Credit Corp	1.375		08/12/13		50,416
	500,000		Toyota Motor Credit Corp	1.000		02/17/15		500,592
	250,000		Toyota Motor Credit Corp	3.200		06/17/15		265,542
	700,000		Toyota Motor Credit Corp	2.800		01/11/16		735,460

101

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$300,000	Toyota Motor Credit Corp	2.000	%	09/15/16	$	304,834
	150,000	Toyota Motor Credit Corp	2.050		01/12/17		153,321
	400,000	Toyota Motor Credit Corp	1.750		05/22/17		403,241
	300,000	Toyota Motor Credit Corp	3.400		09/15/21		315,489
	1,500,000	UBS AG.	2.250		01/28/14		1,507,674
	330,000	UBS AG.	5.750		04/25/18		365,559
	1,375,000	UBS AG.	4.875		08/04/20		1,469,080
	400,000	UFJ Finance Aruba AEC	6.750		07/15/13		421,806
	500,000	Unilever Capital Corp	2.750		02/10/16		528,963
	30,000	Unilever Capital Corp	5.900		11/15/32		41,458
		TOTAL DIVERSIFIED FINANCIALS					125,704,148
ENERGY - 2.0%
	650,000	Anadarko Petroleum Corp	5.950		09/15/16		737,606
	100,000	Anadarko Petroleum Corp	6.375		09/15/17		116,163
	465,000	Anadarko Petroleum Corp	8.700		03/15/19		607,832
	825,000	Anadarko Petroleum Corp	6.200		03/15/40		936,429
	100,000	Apache Corp	1.750		04/15/17		101,979
	400,000	Apache Corp	6.900		09/15/18		502,465
	275,000	Apache Corp	3.250		04/15/22		287,158
	480,000	Apache Corp	5.100		09/01/40		551,176
	350,000	Apache Corp	4.750		04/15/43		388,771
	200,000	Baker Hughes, Inc	7.500		11/15/18		264,114
	450,000	Baker Hughes, Inc	3.200		08/15/21		469,434
	215,000	Baker Hughes, Inc	5.125		09/15/40		251,340
	200,000	Boardwalk Pipelines LP	5.750		09/15/19		219,584
	250,000	BP Capital Markets plc	5.250		11/07/13		264,901
	100,000	BP Capital Markets plc	1.700		12/05/14		101,508
	395,000	BP Capital Markets plc	3.875		03/10/15		423,284
	590,000	BP Capital Markets plc	3.125		10/01/15		627,247
	1,000,000	BP Capital Markets plc	3.200		03/11/16		1,063,608
	200,000	BP Capital Markets plc	1.846		05/05/17		201,989
	300,000	BP Capital Markets plc	4.500		10/01/20		337,751
	150,000	BP Capital Markets plc	4.742		03/11/21		171,689
	650,000	BP Capital Markets plc	3.561		11/01/21		688,129
	200,000	BP Capital Markets plc	3.245		05/06/22		207,078
	100,000	Buckeye Partners LP	5.300		10/15/14		105,893
	200,000	Buckeye Partners LP	4.875		02/01/21		198,817
	575,000	Burlington Resources Finance Co	7.200		08/15/31		790,122
	200,000	Burlington Resources Finance Co	7.400		12/01/31		282,780
	600,000	Canadian Natural Resources Ltd	5.700		05/15/17		701,999
	550,000	Canadian Natural Resources Ltd	6.250		03/15/38		673,808
	45,000	Cenovus Energy, Inc	4.500		09/15/14		48,048
	340,000	Cenovus Energy, Inc	5.700		10/15/19		400,576
	200,000	Cenovus Energy, Inc	6.750		11/15/39		249,171
	500,000	Chevron Corp	3.950		03/03/14		527,504
	200,000	Chevron Corp	4.950		03/03/19		241,047
	1,005,000	ConocoPhillips	4.600		01/15/15		1,100,269
	600,000	ConocoPhillips	5.750		02/01/19		731,717
	485,000	ConocoPhillips	6.500		02/01/39		671,631
	500,000	ConocoPhillips Holding Co	6.950		04/15/29		685,922
	200,000	DCP Midstream Operating LP	4.950		04/01/22		205,268

102

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$150,000		Devon Energy Corp	1.875	%	05/15/17	$	150,026
	350,000		Devon Energy Corp	6.300		01/15/19		429,408
	525,000		Devon Energy Corp	3.250		05/15/22		534,128
	600,000		Devon Energy Corp	7.950		04/15/32		861,433
	200,000		Devon Energy Corp	4.750		05/15/42		209,870
	100,000		Diamond Offshore Drilling, Inc	5.875		05/01/19		118,835
	100,000		Diamond Offshore Drilling, Inc	5.700		10/15/39		118,968
	250,000		Ecopetrol S.A.	7.625		07/23/19		315,000
	495,000		Enbridge Energy Partners LP	5.200		03/15/20		560,943
	100,000		Enbridge Energy Partners LP	5.500		09/15/40		108,192
	220,000		EnCana Corp	6.500		05/15/19		262,005
	515,000		EnCana Corp	6.625		08/15/37		576,151
	150,000		EnCana Corp	5.150		11/15/41		143,288
	400,000		EnCana Holdings Finance Corp	5.800		05/01/14		430,493
	400,000		Ensco plc	3.250		03/15/16		420,034
	500,000		Ensco plc	4.700		03/15/21		544,619
	40,000		Enterprise Products Operating LLC	5.600		10/15/14		43,841
	145,000		Enterprise Products Operating LLC	5.000		03/01/15		158,383
	735,000		Enterprise Products Operating LLC	6.300		09/15/17		877,307
	130,000		Enterprise Products Operating LLC	6.500		01/31/19		156,686
	600,000		Enterprise Products Operating LLC	5.200		09/01/20		686,441
	480,000		Enterprise Products Operating LLC	6.125		10/15/39		543,755
	300,000		Enterprise Products Operating LLC	4.850		08/15/42		298,713
	300,000		EOG Resources, Inc	6.125		10/01/13		319,279
	100,000		EOG Resources, Inc	2.500		02/01/16		104,100
	440,000		EOG Resources, Inc	4.100		02/01/21		488,274
	50,000		EQT Corp	6.500		04/01/18		56,841
	350,000		EQT Corp	8.125		06/01/19		419,742
	200,000	g	Gulf South Pipeline Co LP	4.000		06/15/22		199,021
	200,000		Halliburton Co	6.150		09/15/19		247,192
	400,000		Halliburton Co	7.450		09/15/39		591,750
	100,000		Halliburton Co	4.500		11/15/41		104,865
	275,000		Hess Corp	8.125		02/15/19		353,976
	200,000		Hess Corp	7.875		10/01/29		261,564
	540,000		Hess Corp	5.600		02/15/41		573,029
	300,000		Husky Energy, Inc	5.900		06/15/14		326,131
	30,000		Husky Energy, Inc	7.250		12/15/19		37,028
	200,000		Husky Energy, Inc	3.950		04/15/22		203,892
	130,000		Husky Energy, Inc	6.800		09/15/37		159,709
	200,000		Magellan Midstream Partners LP	6.550		07/15/19		239,644
	125,000		Magellan Midstream Partners LP	4.250		02/01/21		134,575
	400,000		Marathon Oil Corp	6.000		10/01/17		471,102
	255,000		Marathon Oil Corp	6.600		10/01/37		315,359
	200,000		Marathon Petroleum Corp	3.500		03/01/16		209,648
	250,000		Marathon Petroleum Corp	5.125		03/01/21		279,902
	150,000		Marathon Petroleum Corp	6.500		03/01/41		170,469
	200,000		Murphy Oil Corp	4.000		06/01/22		203,691
	125,000	h	Nabors Industries, Inc	6.150		02/15/18		143,514
	424,000		Nabors Industries, Inc	9.250		01/15/19		550,487
	100,000		Nabors Industries, Inc	4.625		09/15/21		103,905
	635,000		Nexen, Inc	6.400		05/15/37		672,897
	150,000		Noble Energy, Inc	8.250		03/01/19		191,761

103

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$150,000		Noble Energy, Inc	4.150	%	12/15/21	$	157,732
	200,000		Noble Energy, Inc	6.000		03/01/41		228,364
	100,000		Noble Holding International Ltd	3.450		08/01/15		105,265
	100,000		Noble Holding International Ltd	2.500		03/15/17		101,548
	305,000		Noble Holding International Ltd	4.900		08/01/20		331,218
	100,000		NuStar Logistics LP	7.650		04/15/18		116,518
	25,000		NuStar Logistics LP	4.800		09/01/20		25,472
	150,000		NuStar Logistics LP	4.750		02/01/22		152,603
	350,000		Occidental Petroleum Corp	2.500		02/01/16		366,853
	350,000		Occidental Petroleum Corp	1.750		02/15/17		355,906
	250,000		Occidental Petroleum Corp	1.500		02/15/18		250,779
	250,000		Occidental Petroleum Corp	3.125		02/15/22		260,633
	350,000		Occidental Petroleum Corp	2.700		02/15/23		352,201
	406,000		Panhandle Eastern Pipeline Co LP	7.000		06/15/18		481,154
	185,000		Pemex Project Funding Master Trust	5.750		03/01/18		209,050
	47,000		Petrobras International Finance Co	6.125		10/06/16		52,564
	625,000		Petrobras International Finance Co	7.875		03/15/19		760,216
	100,000		Petrobras International Finance Co	5.750		01/20/20		109,388
	350,000		Petrobras International Finance Co	5.375		01/27/21		377,220
	875,000		Petrobras International Finance Co	6.875		01/20/40		1,040,833
	600,000		Petrobras International Finance Co-Pifco	9.125		07/02/13		642,000
	500,000		Petrobras International Finance Co-Pifco	2.875		02/06/15		507,500
	350,000		Petrobras International Finance Co-Pifco	3.875		01/27/16		361,354
	625,000		Petrobras International Finance Co-Pifco	3.500		02/06/17		641,552
	300,000		Petrobras International Finance Co-Pifco	6.750		01/27/41		351,895
	75,000		Petro-Canada	6.800		05/15/38		93,612
	400,000		Petrohawk Energy Corp	7.250		08/15/18		449,830
	505,000		Petroleos Mexicanos	4.875		03/15/15		544,769
	80,000		Petroleos Mexicanos	8.000		05/03/19		101,600
	775,000		Petroleos Mexicanos	6.000		03/05/20		896,287
	800,000		Petroleos Mexicanos	5.500		01/21/21		904,000
	240,000	g	Petroleos Mexicanos	4.875		01/24/22		259,200
	300,000	h	Petroleos Mexicanos	2.000		12/20/22		300,051
	940,000		Petroleos Mexicanos	6.500		06/02/41		1,097,450
	250,000	g	Petroleos Mexicanos	5.500		06/27/44		255,625
	150,000	g	Phillips 66	4.300		04/01/22		157,795
	300,000		Pioneer Natural Resources Co	6.650		03/15/17		348,441
	175,000		Pioneer Natural Resources Co	3.950		07/15/22		175,423
	200,000		Plains All American Pipeline LP	6.125		01/15/17		232,519
	400,000		Plains All American Pipeline LP	5.000		02/01/21		451,996
	100,000		Plains All American Pipeline LP	6.650		01/15/37		123,056
	250,000		Plains All American Pipeline LP	5.150		06/01/42		264,182
	100,000		Rowan Cos, Inc	5.000		09/01/17		107,646
	250,000		Rowan Cos, Inc	4.875		06/01/22		252,199
	440,000		Shell International Finance BV	3.100		06/28/15		469,425
	805,000		Shell International Finance BV	4.300		09/22/19		934,060
	1,130,000		Shell International Finance BV	4.375		03/25/20		1,315,848
	421,000		Shell International Finance BV	6.375		12/15/38		595,754
	300,000		Southern Natural Gas Co LLC	4.400		06/15/21		318,707
	200,000		Southwestern Energy Co	7.500		02/01/18		239,939
	125,000	g	Southwestern Energy Co	4.100		03/15/22		126,692
	210,000		Statoil ASA	2.900		10/15/14		220,245

104

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$350,000		Statoil ASA	3.125	%	08/17/17	$	376,953
	450,000		Statoil ASA	5.250		04/15/19		538,787
	250,000		Statoil ASA	3.150		01/23/22		260,913
	200,000		Statoil ASA	5.100		08/17/40		236,665
	250,000		Statoil ASA	4.250		11/23/41		264,898
	550,000		Suncor Energy, Inc	6.100		06/01/18		651,399
	900,000		Suncor Energy, Inc	6.500		06/15/38		1,071,795
	100,000		Sunoco Logistics Partners Operations LP	6.100		02/15/42		103,104
	25,000		Talisman Energy, Inc	7.750		06/01/19		30,674
	250,000		Talisman Energy, Inc	3.750		02/01/21		250,541
	300,000		Talisman Energy, Inc	5.850		02/01/37		313,753
	200,000		Talisman Energy, Inc	5.500		05/15/42		205,434
	400,000		Total Capital International S.A.	1.550		06/28/17		400,937
	500,000		Total Capital International S.A.	2.875		02/17/22		506,934
	320,000		TransCanada Pipelines Ltd	4.000		06/15/13		330,101
	340,000		TransCanada Pipelines Ltd	5.850		03/15/36		425,615
	469,000		TransCanada Pipelines Ltd	7.625		01/15/39		701,747
	300,000	i	TransCanada Pipelines Ltd	6.350		05/15/67		308,926
	300,000		TransCanada PipeLines Ltd	0.875		03/02/15		299,457
	600,000		TransCanada PipeLines Ltd	3.800		10/01/20		660,553
	443,000		Transocean, Inc	6.000		03/15/18		494,833
	700,000		Transocean, Inc	6.500		11/15/20		794,002
	150,000		Transocean, Inc	6.375		12/15/21		171,565
	200,000		Transocean, Inc	6.800		03/15/38		224,872
	165,000		Vale Overseas Ltd	6.250		01/23/17		187,653
	1,045,000		Vale Overseas Ltd	4.625		09/15/20		1,093,170
	742,000	h	Vale Overseas Ltd	4.375		01/11/22		755,596
	150,000		Vale Overseas Ltd	8.250		01/17/34		191,421
	464,000		Vale Overseas Ltd	6.875		11/21/36		538,219
	680,000		Valero Energy Corp	6.125		02/01/20		785,099
	330,000		Valero Energy Corp	7.500		04/15/32		382,322
	840,000		Weatherford Bermuda Holdings Ltd	5.125		09/15/20		901,781
	60,000		Weatherford Bermuda Holdings Ltd	6.750		09/15/40		67,344
	150,000		Weatherford International Ltd	9.625		03/01/19		195,487
	200,000		Weatherford International Ltd	4.500		04/15/22		204,981
	200,000		Weatherford International Ltd	5.950		04/15/42		210,381
	300,000		XTO Energy, Inc	6.250		08/01/17		371,479
			TOTAL ENERGY					68,903,233
FOOD & STAPLES RETAILING - 0.2%
	550,000		CVS Caremark Corp	3.250		05/18/15		578,928
	225,000		CVS Caremark Corp	5.750		06/01/17		265,722
	75,000		CVS Caremark Corp	6.600		03/15/19		93,529
	185,000		CVS Caremark Corp	4.750		05/18/20		210,175
	100,000		CVS Caremark Corp	4.125		05/15/21		109,427
	650,000		CVS Caremark Corp	6.125		09/15/39		807,925
	95,000		Delhaize Group S.A.	5.875		02/01/14		100,038
	105,000		Delhaize Group S.A.	6.500		06/15/17		116,663
	100,000		Delhaize Group S.A.	4.125		04/10/19		96,751
	235,000		Delhaize Group S.A.	5.700		10/01/40		197,406
	300,000		Kroger Co	6.400		08/15/17		358,648
	55,000		Kroger Co	6.800		12/15/18		67,268

105

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$445,000	Kroger Co	6.150	%	01/15/20	$	532,856
	200,000	Kroger Co	3.400		04/15/22		199,828
	100,000	Kroger Co	6.900		04/15/38		122,550
	250,000	Kroger Co	5.000		04/15/42		251,633
	239,000	Safeway, Inc	6.350		08/15/17		267,989
	25,000	Safeway, Inc	5.000		08/15/19		25,860
	240,000	Safeway, Inc	3.950		08/15/20		231,578
	150,000	Safeway, Inc	4.750		12/01/21		148,760
	50,000	Starbucks Corp	6.250		08/15/17		60,164
	200,000	SYSCO Corp	5.250		02/12/18		238,720
	250,000	SYSCO Corp	2.600		06/12/22		249,129
	100,000	SYSCO Corp	5.375		09/21/35		125,267
	450,000	Walgreen Co	4.875		08/01/13		469,952
	100,000	Walgreen Co	5.250		01/15/19		113,756
		TOTAL FOOD & STAPLES RETAILING					6,040,522
FOOD, BEVERAGE & TOBACCO - 1.1%
	50,000	Altria Group, Inc	4.125		09/11/15		54,269
	250,000	Altria Group, Inc	9.700		11/10/18		345,942
	1,030,000	Altria Group, Inc	9.250		08/06/19		1,430,966
	1,300,000	Altria Group, Inc	4.750		05/05/21		1,474,260
	155,000	Altria Group, Inc	10.200		02/06/39		252,142
	316,000	Anheuser-Busch Cos, Inc	5.500		01/15/18		375,042
	950,000	Anheuser-Busch InBev Worldwide, Inc	2.875		02/15/16		1,003,608
	800,000	Anheuser-Busch InBev Worldwide, Inc	5.375		01/15/20		953,297
	1,390,000	Anheuser-Busch InBev Worldwide, Inc	5.000		04/15/20		1,627,762
	485,000	Anheuser-Busch InBev Worldwide, Inc	6.375		01/15/40		663,365
	100,000	Archer-Daniels-Midland Co	5.450		03/15/18		118,650
	740,000	Archer-Daniels-Midland Co	5.935		10/01/32		918,811
	200,000	Beam, Inc	3.250		05/15/22		201,152
	520,000	Bottling Group LLC	6.950		03/15/14		574,679
	450,000	Bottling Group LLC	5.125		01/15/19		529,927
	400,000	Bunge Ltd	4.100		03/15/16		417,102
	100,000	Bunge Ltd	3.200		06/15/17		100,221
	100,000	Bunge Ltd	8.500		06/15/19		124,844
	325,000	Campbell Soup Co	3.050		07/15/17		350,437
	100,000	Campbell Soup Co	4.250		04/15/21		113,291
	325,000	Coca-Cola Co	1.500		11/15/15		332,050
	1,835,000	Coca-Cola Co	1.800		09/01/16		1,884,686
	410,000	Coca-Cola Co	3.150		11/15/20		439,268
	150,000	Coca-Cola Enterprises, Inc	2.125		09/15/15		153,697
	100,000	Coca-Cola Enterprises, Inc	3.500		09/15/20		104,643
	100,000	Coca-Cola Enterprises, Inc	3.250		08/19/21		103,833
	100,000	Coca-Cola Femsa SAB de C.V.	4.625		02/15/20		111,000
	100,000	Coca-Cola HBC Finance BV	5.500		09/17/15		108,192
	325,000	ConAgra Foods, Inc	7.000		04/15/19		398,362
	100,000	ConAgra Foods, Inc	7.000		10/01/28		122,089
	100,000	Corn Products International, Inc	4.625		11/01/20		108,358
	350,000	Diageo Capital plc	5.500		09/30/16		410,215
	600,000	Diageo Capital plc	1.500		05/11/17		602,210
	325,000	Diageo Capital plc	5.750		10/23/17		390,683
	200,000	Diageo Capital plc	5.875		09/30/36		254,300

106

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$100,000		Dr Pepper Snapple Group, Inc	2.900	%	01/15/16	$	104,719
	350,000		Dr Pepper Snapple Group, Inc	2.600		01/15/19		355,477
	150,000		Flowers Foods, Inc	4.375		04/01/22		151,594
	342,000		Fortune Brands, Inc	5.375		01/15/16		380,372
	235,000		General Mills, Inc	5.250		08/15/13		246,688
	125,000		General Mills, Inc	5.200		03/17/15		138,758
	210,000		General Mills, Inc	5.650		02/15/19		253,484
	200,000		General Mills, Inc	3.150		12/15/21		204,662
	150,000		General Mills, Inc	5.400		06/15/40		177,859
	100,000		Hershey Co	1.500		11/01/16		100,833
	150,000		Hershey Co	4.125		12/01/20		168,252
	50,000		HJ Heinz Co	5.350		07/15/13		52,402
	100,000		HJ Heinz Co	2.000		09/12/16		102,632
	325,000		HJ Heinz Co	2.850		03/01/22		325,800
	100,000		HJ Heinz Finance Co	6.750		03/15/32		124,550
	100,000		JM Smucker Co	3.500		10/15/21		104,681
	200,000		Kellogg Co	1.125		05/15/15		200,963
	100,000		Kellogg Co	1.875		11/17/16		101,277
	200,000		Kellogg Co	1.750		05/17/17		199,989
	600,000		Kellogg Co	4.000		12/15/20		660,443
	100,000		Kellogg Co	7.450		04/01/31		136,962
	100,000	g	Kraft Foods Group, Inc	1.625		06/04/15		101,058
	600,000	g	Kraft Foods Group, Inc	2.250		06/05/17		614,327
	525,000	g	Kraft Foods Group, Inc	3.500		06/06/22		538,735
	400,000	g	Kraft Foods Group, Inc	5.000		06/04/42		423,350
	803,000		Kraft Foods, Inc	6.500		08/11/17		974,269
	250,000		Kraft Foods, Inc	6.125		02/01/18		299,579
	1,200,000		Kraft Foods, Inc	5.375		02/10/20		1,420,026
	945,000		Kraft Foods, Inc	6.500		02/09/40		1,213,938
	200,000		Lorillard Tobacco Co	3.500		08/04/16		208,493
	270,000		Lorillard Tobacco Co	6.875		05/01/20		319,290
	150,000		Molson Coors Brewing Co	3.500		05/01/22		154,018
	150,000		Molson Coors Brewing Co	5.000		05/01/42		162,056
	45,000		PepsiAmericas, Inc	4.375		02/15/14		47,610
	245,000		PepsiCo, Inc	0.875		10/25/13		245,569
	100,000		PepsiCo, Inc	2.500		05/10/16		104,984
	840,000		PepsiCo, Inc	7.900		11/01/18		1,122,234
	100,000		PepsiCo, Inc	4.500		01/15/20		113,793
	400,000		PepsiCo, Inc	3.125		11/01/20		420,515
	200,000		PepsiCo, Inc	3.000		08/25/21		206,961
	400,000		PepsiCo, Inc	2.750		03/05/22		403,724
	310,000		PepsiCo, Inc	4.875		11/01/40		361,706
	400,000		PepsiCo, Inc	4.000		03/05/42		418,013
	1,300,000		Philip Morris International, Inc	5.650		05/16/18		1,569,996
	200,000		Philip Morris International, Inc	2.900		11/15/21		205,961
	240,000		Philip Morris International, Inc	6.375		05/16/38		321,066
	150,000		Philip Morris International, Inc	4.375		11/15/41		154,733
	200,000		Philip Morris International, Inc	4.500		03/20/42		212,694
	100,000		Ralcorp Holdings, Inc	6.625		08/15/39		102,909
	50,000		Reynolds American, Inc	6.750		06/15/17		60,029
	200,000		Reynolds American, Inc	7.750		06/01/18		250,797
	65,000		Reynolds American, Inc	7.250		06/15/37		78,550

107

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$133,000	Sara Lee Corp	4.100	%	09/15/20	$	138,541
	400,000	Tyson Foods, Inc	4.500		06/15/22		412,000
		TOTAL FOOD, BEVERAGE & TOBACCO					34,827,274
HEALTH CARE EQUIPMENT & SERVICES - 0.3%
	100,000	Allergan, Inc	5.750		04/01/16		115,904
	250,000	Allergan, Inc	3.375		09/15/20		265,921
	200,000	AmerisourceBergen Corp	5.875		09/15/15		227,161
	100,000	AmerisourceBergen Corp	3.500		11/15/21		104,692
	200,000	Baxter International, Inc	5.900		09/01/16		237,712
	420,000	Baxter International, Inc	4.500		08/15/19		480,583
	116,000	Baxter International, Inc	6.250		12/01/37		159,066
	25,000	Becton Dickinson & Co	5.000		05/15/19		29,296
	150,000	Becton Dickinson & Co	3.250		11/12/20		157,967
	450,000	Becton Dickinson and Co	3.125		11/08/21		468,333
	300,000	Boston Scientific Corp	6.400		06/15/16		345,498
	500,000	Boston Scientific Corp	6.000		01/15/20		596,312
	100,000	Cardinal Health, Inc	4.625		12/15/20		112,041
	100,000	Cardinal Health, Inc	3.200		06/15/22		101,274
	100,000	CareFusion Corp	5.125		08/01/14		107,143
	100,000	CareFusion Corp	6.375		08/01/19		117,939
	100,000	Coventry Health Care, Inc	6.300		08/15/14		108,700
	100,000	Coventry Health Care, Inc	5.450		06/15/21		112,411
	450,000	Covidien International Finance S.A.	6.000		10/15/17		544,208
	350,000	Covidien International Finance S.A.	3.200		06/15/22		360,840
	100,000	Covidien International Finance S.A.	6.550		10/15/37		136,629
	100,000	CR Bard, Inc	4.400		01/15/21		113,197
	100,000	DENTSPLY International, Inc	4.125		08/15/21		104,107
	225,000	Express Scripts	6.250		06/15/14		246,013
	300,000	Express Scripts, Inc	3.125		05/15/16		312,351
	100,000	Kaiser Foundation Hospitals	3.500		04/01/22		103,764
	100,000	Kaiser Foundation Hospitals	4.875		04/01/42		110,184
	200,000	Laboratory Corp of America Holdings	3.125		05/15/16		208,689
	430,000	McKesson Corp	3.250		03/01/16		461,574
	25,000	McKesson Corp	5.700		03/01/17		29,273
	30,000	McKesson Corp	4.750		03/01/21		34,418
	100,000	McKesson Corp	6.000		03/01/41		131,708
	250,000	Medco Health Solutions, Inc	2.750		09/15/15		257,070
	250,000	Medco Health Solutions, Inc	7.125		03/15/18		308,446
	205,000	Medtronic, Inc	4.750		09/15/15		230,113
	200,000	Medtronic, Inc	5.600		03/15/19		242,536
	705,000	Medtronic, Inc	4.450		03/15/20		809,169
	200,000	Medtronic, Inc	4.500		03/15/42		218,326
	150,000	PerkinElmer, Inc	5.000		11/15/21		161,003
	135,000	Quest Diagnostics, Inc	6.400		07/01/17		159,752
	20,000	St. Jude Medical, Inc	3.750		07/15/14		21,053
	350,000	St. Jude Medical, Inc	2.500		01/15/16		363,562
	50,000	Stryker Corp	3.000		01/15/15		52,613
	150,000	Stryker Corp	2.000		09/30/16		153,682
	90,000	Stryker Corp	4.375		01/15/20		101,448
	165,000	Thermo Fisher Scientific, Inc	5.000		06/01/15		184,236
	550,000	Thermo Fisher Scientific, Inc	2.250		08/15/16		568,811

108

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$455,000	Thermo Fisher Scientific, Inc	4.700	%	05/01/20	$	522,569
	100,000	Zimmer Holdings, Inc	1.400		11/30/14		100,268
	106,000	Zimmer Holdings, Inc	5.750		11/30/39		128,708
		TOTAL HEALTH CARE EQUIPMENT & SERVICES					11,328,273
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	100,000	Avon Products, Inc	5.625		03/01/14		105,341
	100,000	Avon Products, Inc	6.500		03/01/19		108,808
	25,000	Clorox Co	5.000		01/15/15		27,290
	100,000	Clorox Co	3.550		11/01/15		106,103
	100,000	Clorox Co	3.800		11/15/21		104,241
	400,000	Colgate-Palmolive Co	1.300		01/15/17		405,103
	200,000	Colgate-Palmolive Co	2.300		05/03/22		201,227
	60,000	Colgate-Palmolive Co	6.450		06/16/28		79,250
	150,000	Ecolab, Inc	2.375		12/08/14		154,943
	100,000	Ecolab, Inc	3.000		12/08/16		105,426
	350,000	Ecolab, Inc	4.350		12/08/21		387,928
	100,000	Ecolab, Inc	5.500		12/08/41		119,980
	100,000	Estee Lauder Cos, Inc	6.000		05/15/37		128,388
	425,000	Procter & Gamble Co	3.500		02/15/15		455,460
	1,325,000	Procter & Gamble Co	4.700		02/15/19		1,571,635
	400,000	Procter & Gamble Co	2.300		02/06/22		399,312
	225,000	Procter & Gamble Co	5.550		03/05/37		299,563
	250,000	Unilever Capital Corp	4.800		02/15/19		292,973
	250,000	Unilever Capital Corp	4.250		02/10/21		291,646
		TOTAL HOUSEHOLD & PERSONAL PRODUCTS					5,344,617
INSURANCE - 1.1%
	85,000	ACE INA Holdings, Inc	5.875		06/15/14		92,655
	200,000	ACE INA Holdings, Inc	5.600		05/15/15		223,749
	100,000	ACE INA Holdings, Inc	2.600		11/23/15		104,005
	25,000	ACE INA Holdings, Inc	5.800		03/15/18		30,057
	500,000	ACE INA Holdings, Inc	5.900		06/15/19		616,355
	400,000	Aegon NV	4.625		12/01/15		426,847
	200,000	Aetna, Inc	6.500		09/15/18		246,787
	250,000	Aetna, Inc	3.950		09/01/20		271,396
	240,000	Aetna, Inc	6.625		06/15/36		306,910
	350,000	Aetna, Inc	4.500		05/15/42		355,888
	200,000	Aflac, Inc	8.500		05/15/19		261,082
	300,000	Aflac, Inc	4.000		02/15/22		311,895
	125,000	Aflac, Inc	6.900		12/17/39		151,531
	300,000	Alleghany Corp	4.950		06/27/22		305,675
	1,100,000	Allstate Corp	7.450		05/16/19		1,408,636
	175,000	Allstate Corp	5.550		05/09/35		203,332
	100,000	Allstate Corp	5.200		01/15/42		112,310
	100,000	American Financial Group, Inc	9.875		06/15/19		125,587
	600,000	American International Group, Inc	3.650		01/15/14		612,852
	700,000	American International Group, Inc	3.800		03/22/17		713,573
	1,350,000	American International Group, Inc	8.250		08/15/18		1,629,702
	600,000	American International Group, Inc	6.400		12/15/20		678,886
	200,000	American International Group, Inc	4.875		06/01/22		204,644
	500,000	American International Group, Inc	6.250		05/01/36		576,683

109

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$328,000	g	American International Group, Inc	6.820	%	11/15/37	$	380,487
	200,000		Aon Corp	6.250		09/30/40		250,116
	200,000		AON Corp	3.125		05/27/16		208,379
	50,000		AON Corp	5.000		09/30/20		55,475
	100,000		AON Corp	8.205		01/01/27		115,539
	100,000		Assurant, Inc	6.750		02/15/34		110,467
	270,000		AXA S.A.	8.600		12/15/30		288,800
	50,000		Axis Specialty Finance	5.875		06/01/20		54,148
	333,000		Berkshire Hathaway Finance Corp	4.850		01/15/15		366,381
	300,000		Berkshire Hathaway Finance Corp	2.450		12/15/15		313,091
	200,000		Berkshire Hathaway Finance Corp	1.600		05/15/17		201,393
	750,000		Berkshire Hathaway Finance Corp	5.400		05/15/18		885,755
	200,000		Berkshire Hathaway Finance Corp	3.000		05/15/22		202,387
	200,000		Berkshire Hathaway Finance Corp	4.400		05/15/42		205,142
	40,000		Chubb Corp	5.750		05/15/18		48,897
	350,000		Chubb Corp	6.000		05/11/37		449,331
	300,000	i	Chubb Corp	6.375		03/29/67		309,750
	200,000		Cigna Corp	5.375		02/15/42		212,799
	540,000		CIGNA Corp	5.125		06/15/20		597,235
	200,000		CIGNA Corp	4.500		03/15/21		215,183
	200,000		Cincinnati Financial Corp	6.920		05/15/28		234,047
	200,000		CNA Financial Corp	5.850		12/15/14		214,577
	40,000		CNA Financial Corp	6.500		08/15/16		45,011
	200,000		CNA Financial Corp	5.750		08/15/21		219,762
	335,000		Genworth Financial, Inc	4.950		10/01/15		334,950
	260,000		Genworth Financial, Inc	7.200		02/15/21		247,650
	100,000		Genworth Financial, Inc	7.625		09/24/21		94,483
	375,000		Hartford Financial Services Group, Inc	4.000		03/30/15		393,288
	200,000		Hartford Financial Services Group, Inc	5.375		03/15/17		212,699
	250,000		Hartford Financial Services Group, Inc	5.125		04/15/22		257,439
	330,000		Hartford Financial Services Group, Inc	6.625		03/30/40		340,979
	100,000		Humana, Inc	6.450		06/01/16		113,725
	100,000		Humana, Inc	8.150		06/15/38		135,401
	300,000		Lincoln National Corp	4.300		06/15/15		316,072
	200,000		Lincoln National Corp	8.750		07/01/19		251,856
	200,000		Lincoln National Corp	4.200		03/15/22		199,834
	30,000		Lincoln National Corp	6.150		04/07/36		31,714
	150,000		Lincoln National Corp	7.000		06/15/40		176,924
	100,000		Loews Corp	5.250		03/15/16		110,721
	100,000		Manulife Financial Corp	3.400		09/17/15		102,767
	100,000		Manulife Financial Corp	4.900		09/17/20		105,020
	100,000		Markel Corp	7.125		09/30/19		116,318
	150,000		Markel Corp	4.900		07/01/22		151,060
	200,000		Marsh & McLennan Cos, Inc	5.375		07/15/14		212,500
	150,000		Marsh & McLennan Cos, Inc	2.300		04/01/17		149,188
	125,000		Marsh & McLennan Cos, Inc	9.250		04/15/19		165,710
	150,000		Marsh & McLennan Cos, Inc	4.800		07/15/21		163,331
	280,000		Metlife, Inc	5.000		06/15/15		307,833
	575,000		Metlife, Inc	6.750		06/01/16		674,244
	1,050,000		Metlife, Inc	4.750		02/08/21		1,168,880
	50,000		Metlife, Inc	6.375		06/15/34		62,929
	405,000		Metlife, Inc	5.700		06/15/35		480,108

110

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$130,000		Metlife, Inc	5.875	%	02/06/41	$	159,623
	20,000		Nationwide Financial Services	6.750		05/15/37		19,000
	100,000		PartnerRe Ltd	5.500		06/01/20		105,497
	130,000		Principal Financial Group, Inc	8.875		05/15/19		168,504
	100,000		Principal Financial Group, Inc	6.050		10/15/36		112,576
	120,000		Progressive Corp	6.250		12/01/32		150,495
	300,000	i	Progressive Corp	6.700		06/15/37		312,000
	100,000		Protective Life Corp	7.375		10/15/19		115,583
	295,000		Prudential Financial, Inc	5.100		09/20/14		316,202
	200,000		Prudential Financial, Inc	4.750		09/17/15		215,322
	300,000		Prudential Financial, Inc	3.000		05/12/16		308,579
	60,000		Prudential Financial, Inc	6.100		06/15/17		68,454
	1,020,000		Prudential Financial, Inc	7.375		06/15/19		1,244,889
	300,000		Prudential Financial, Inc	4.500		11/16/21		311,369
	450,000		Prudential Financial, Inc	6.200		11/15/40		491,030
	150,000		Reinsurance Group of America, Inc	5.625		03/15/17		163,538
	100,000		Reinsurance Group of America, Inc	5.000		06/01/21		104,302
	200,000		Swiss Re Solutions Holding Corp	7.000		02/15/26		235,007
	100,000		Transatlantic Holdings, Inc	5.750		12/14/15		108,063
	20,000		Transatlantic Holdings, Inc	8.000		11/30/39		23,362
	610,000		Travelers Cos, Inc	5.800		05/15/18		736,794
	130,000		Travelers Cos, Inc	5.900		06/02/19		161,601
	200,000		Travelers Cos, Inc	5.350		11/01/40		241,379
	100,000		Travelers Property Casualty Corp	6.375		03/15/33		128,128
	100,000		UnitedHealth Group, Inc	5.375		03/15/16		114,725
	324,000		UnitedHealth Group, Inc	6.000		02/15/18		392,055
	700,000		UnitedHealth Group, Inc	4.700		02/15/21		806,908
	365,000		UnitedHealth Group, Inc	6.625		11/15/37		488,546
	250,000		UnitedHealth Group, Inc	6.875		02/15/38		347,530
	150,000		UnitedHealth Group, Inc	4.625		11/15/41		161,202
	300,000		UnitedHealth Group, Inc	4.375		03/15/42		314,634
	100,000		Unitrin, Inc	6.000		11/30/15		104,827
	110,000		Unum Group	5.625		09/15/20		118,317
	200,000		Verisk Analytics, Inc	5.800		05/01/21		223,219
	700,000		WellPoint, Inc	5.875		06/15/17		825,604
	150,000		WellPoint, Inc	3.700		08/15/21		158,357
	300,000		WellPoint, Inc	3.125		05/15/22		302,404
	420,000		WellPoint, Inc	5.850		01/15/36		497,204
	300,000		WellPoint, Inc	4.625		05/15/42		309,263
	312,000		Willis North America, Inc	6.200		03/28/17		351,004
	165,000		WR Berkley Corp	5.375		09/15/20		177,721
	250,000		WR Berkley Corp	4.625		03/15/22		252,614
	150,000		XL Capital Ltd	6.375		11/15/24		167,220
	100,000		XL Group PLC	5.250		09/15/14		105,337
			TOTAL INSURANCE					35,452,800
MATERIALS - 1.0%
	100,000		3M Co	4.375		08/15/13		104,464
	300,000		3M Co	1.375		09/29/16		305,641
	200,000		3M Co	1.000		06/26/17		199,217
	200,000		3M Co	2.000		06/26/22		196,082
	190,000		3M Co	5.700		03/15/37		258,449

111

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$100,000		Agrium, Inc	6.750	%	01/15/19	$	122,612
	100,000		Agrium, Inc	6.125		01/15/41		122,497
	150,000		Air Products & Chemicals, Inc	3.000		11/03/21		155,442
	180,000		Airgas, Inc	4.500		09/15/14		192,354
	100,000		Albemarle Corp	4.500		12/15/20		108,014
	200,000		Alcoa, Inc	5.550		02/01/17		218,318
	430,000		Alcoa, Inc	6.150		08/15/20		452,657
	550,000		Alcoa, Inc	5.400		04/15/21		547,673
	300,000		Alcoa, Inc	5.870		02/23/22		308,644
	100,000		Allegheny Technologies, Inc	5.950		01/15/21		110,472
	100,000		AngloGold Ashanti Holdings plc	5.375		04/15/20		102,773
	270,000		ArcelorMittal	3.750		08/05/15		271,496
	275,000		ArcelorMittal	4.500		02/25/17		270,795
	890,000		ArcelorMittal	9.850		06/01/19		1,059,135
	500,000		ArcelorMittal	6.250		02/25/22		489,704
	520,000		ArcelorMittal	7.000		10/15/39		504,739
	357,000		ArcelorMittal USA, Inc	6.500		04/15/14		378,607
	180,000		Barrick Australian Finance Pty Ltd	5.950		10/15/39		206,559
	50,000		Barrick Gold Corp	6.950		04/01/19		62,208
	250,000		Barrick Gold Corp	3.850		04/01/22		258,831
	250,000		Barrick Gold Corp	5.250		04/01/42		267,825
	250,000		Barrick Gold Financeco LLC	6.125		09/15/13		265,431
	1,000,000		Barrick North America Finance LLC	4.400		05/30/21		1,077,828
	110,000		Bemis Co, Inc	5.650		08/01/14		119,029
	100,000		Bemis Co, Inc	6.800		08/01/19		120,097
	220,000		Celulosa Arauco y Constitucion S.A.	5.625		04/20/15		237,102
	100,000		Celulosa Arauco y Constitucion S.A.	5.000		01/21/21		103,226
	100,000	g	Celulosa Arauco y Constitucion S.A.	4.750		01/11/22		102,228
	350,000	h	CF Industries, Inc	7.125		05/01/20		426,125
	50,000		Cliffs Natural Resources, Inc	4.800		10/01/20		49,295
	200,000		Cliffs Natural Resources, Inc	4.875		04/01/21		196,429
	150,000		Cliffs Natural Resources, Inc	6.250		10/01/40		147,309
	225,000		Corning, Inc	4.250		08/15/20		249,209
	100,000		Corning, Inc	5.750		08/15/40		117,030
	200,000		Corning, Inc	4.750		03/15/42		209,579
	100,000		Cytec Industries, Inc	6.000		10/01/15		109,825
	200,000		Domtar Corp	4.400		04/01/22		195,949
	80,000		Dow Chemical Co	5.900		02/15/15		89,210
	591,000		Dow Chemical Co	8.550		05/15/19		786,074
	1,500,000		Dow Chemical Co	4.250		11/15/20		1,627,301
	350,000		Dow Chemical Co	5.250		11/15/41		386,903
	175,000		Eastman Chemical Co	2.400		06/01/17		176,854
	165,000		Eastman Chemical Co	5.500		11/15/19		188,313
	250,000		Eastman Chemical Co	3.600		08/15/22		254,983
	150,000		Eastman Chemical Co	4.800		09/01/42		152,909
	500,000		EI du Pont de Nemours & Co	4.250		04/01/21		570,821
	90,000		EI Du Pont de Nemours & Co	5.250		12/15/16		106,152
	1,420,000		EI Du Pont de Nemours & Co	4.625		01/15/20		1,658,755
	100,000		FMC Corp	3.950		02/01/22		104,280
	650,000		Freeport-McMoRan Copper & Gold, Inc	3.550		03/01/22		639,521
	200,000		Georgia-Pacific LLC	7.700		06/15/15		232,349
	250,000		Georgia-Pacific LLC	7.750		11/15/29		324,767

112

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$100,000		Hubbell, Inc	3.625	%	11/15/22	$	105,802
	200,000		International Paper Co	7.400		06/15/14		221,645
	300,000		International Paper Co	7.950		06/15/18		378,039
	144,000		International Paper Co	9.375		05/15/19		193,315
	330,000		International Paper Co	7.500		08/15/21		420,929
	170,000		International Paper Co	7.300		11/15/39		212,248
	150,000		International Paper Co	6.000		11/15/41		169,113
	330,000		Kimberly-Clark Corp	6.250		07/15/18		414,149
	225,000		Kimberly-Clark Corp	3.625		08/01/20		246,673
	100,000		Kimberly-Clark Corp	3.875		03/01/21		112,212
	125,000		Kimberly-Clark Corp	2.400		03/01/22		124,997
	200,000		Kimberly-Clark Corp	6.625		08/01/37		288,447
	150,000		Kinross Gold Corp	5.125		09/01/21		151,762
	92,000		Lubrizol Corp	8.875		02/01/19		125,600
	150,000		Lubrizol Corp	6.500		10/01/34		195,475
	250,000		Martin Marietta Materials, Inc	6.600		04/15/18		275,716
	200,000		Monsanto Co	2.750		04/15/16		211,864
	150,000	h	Monsanto Co	5.500		08/15/25		187,617
	200,000		Newmont Mining Corp	5.125		10/01/19		225,933
	300,000		Newmont Mining Corp	3.500		03/15/22		296,099
	98,000		Newmont Mining Corp	5.875		04/01/35		105,563
	135,000		Newmont Mining Corp	6.250		10/01/39		153,641
	300,000		Newmont Mining Corp	4.875		03/15/42		292,530
	100,000		Nucor Corp	5.750		12/01/17		120,423
	130,000		Nucor Corp	5.850		06/01/18		156,372
	300,000		Nucor Corp	4.125		09/15/22		335,313
	250,000		Owens Corning	9.000		06/15/19		311,712
	50,000		Packaging Corp of America	5.750		08/01/13		52,739
	150,000		Packaging Corp of America	3.900		06/15/22		150,486
	100,000		Plum Creek Timberlands LP	4.700		03/15/21		103,900
	650,000		Potash Corp of Saskatchewan, Inc	4.875		03/30/20		750,044
	150,000		PPG Industries, Inc	6.650		03/15/18		182,833
	300,000		PPG Industries, Inc	3.600		11/15/20		317,085
	405,000		Praxair, Inc	5.250		11/15/14		446,403
	440,000		Praxair, Inc	3.250		09/15/15		471,706
	400,000		Praxair, Inc	2.450		02/15/22		394,584
	150,000		Rio Tinto Finance USA Ltd	2.500		05/20/16		155,888
	1,300,000		Rio Tinto Finance USA Ltd	6.500		07/15/18		1,602,297
	570,000		Rio Tinto Finance USA Ltd	3.500		11/02/20		606,406
	200,000		Rio Tinto Finance USA Ltd	4.125		05/20/21		219,866
	200,000		Rio Tinto Finance USA Ltd	3.750		09/20/21		214,818
	250,000		Rio Tinto Finance USA Ltd	7.125		07/15/28		345,157
	150,000		Rio Tinto Finance USA Ltd	5.200		11/02/40		177,290
	200,000		Rohm and Haas Co	6.000		09/15/17		232,822
	100,000		RPM International, Inc	6.125		10/15/19		114,450
	100,000		Sherwin-Williams Co	3.125		12/15/14		104,955
	150,000		Sonoco Products Co	5.750		11/01/40		169,980
	200,000		Southern Copper Corp	5.375		04/16/20		221,602
	100,000		Southern Copper Corp	7.500		07/27/35		114,793
	180,000		Southern Copper Corp	6.750		04/16/40		190,613
	50,000		Teck Resources Ltd	3.850		08/15/17		53,068
	300,000		Teck Resources Ltd	3.000		03/01/19		298,022

113

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$600,000		Teck Resources Ltd	4.500	%	01/15/21	$	629,005
	275,000		Teck Resources Ltd	4.750		01/15/22		295,489
	100,000		Teck Resources Ltd	6.250		07/15/41		111,958
	200,000		Teck Resources Ltd	5.200		03/01/42		191,624
	150,000		Valspar Corp	4.200		01/15/22		157,290
	140,000	g	Xstrata Finance Canada Ltd	5.800		11/15/16		156,388
			TOTAL MATERIALS					33,566,841
MEDIA - 0.9%
	100,000		CBS Corp	1.950		07/01/17		99,900
	50,000		CBS Corp	5.750		04/15/20		58,154
	445,000		CBS Corp	4.300		02/15/21		476,040
	500,000		CBS Corp	3.375		03/01/22		498,148
	200,000		CBS Corp	7.875		07/30/30		257,008
	200,000		CBS Corp	4.850		07/01/42		195,752
	20,000		Comcast Cable Communications Holdings, Inc	8.375		03/15/13		21,081
	450,000		Comcast Cable Communications LLC	8.875		05/01/17		581,409
	975,000		Comcast Corp	5.300		01/15/14		1,037,390
	1,595,000		Comcast Corp	5.150		03/01/20		1,851,612
	350,000	h	Comcast Corp	3.125		07/15/22		351,647
	129,000		Comcast Corp	7.050		03/15/33		162,901
	345,000		Comcast Corp	5.650		06/15/35		386,178
	350,000		Comcast Corp	6.950		08/15/37		449,546
	780,000		Comcast Corp	6.400		03/01/40		973,123
	350,000	h	Comcast Corp	4.650		07/15/42		350,160
	285,000		COX Communications, Inc	5.450		12/15/14		313,611
	50,000		DIRECTV Holdings LLC	4.750		10/01/14		53,671
	600,000		DIRECTV Holdings LLC	3.550		03/15/15		631,799
	100,000		DIRECTV Holdings LLC	3.500		03/01/16		105,474
	500,000		DIRECTV Holdings LLC	2.400		03/15/17		503,293
	285,000		DIRECTV Holdings LLC	5.200		03/15/20		315,394
	1,050,000		DIRECTV Holdings LLC	5.000		03/01/21		1,153,525
	250,000		DIRECTV Holdings LLC	3.800		03/15/22		252,823
	145,000		DIRECTV Holdings LLC	6.000		08/15/40		158,010
	100,000		DIRECTV Holdings LLC	6.375		03/01/41		114,494
	250,000		DIRECTV Holdings LLC	5.150		03/15/42		251,612
	100,000		Discovery Communications LLC	3.300		05/15/22		100,922
	100,000		Discovery Communications LLC	4.950		05/15/42		104,364
	350,000		Grupo Televisa S.A.	6.625		03/18/25		428,594
	348,000		Historic TW, Inc	6.625		05/15/29		417,350
	100,000		Interpublic Group of Cos, Inc	6.250		11/15/14		109,250
	100,000		Interpublic Group of Cos, Inc	4.000		03/15/22		101,523
	585,000		NBC Universal Media LLC	5.150		04/30/20		671,622
	820,000		NBC Universal Media LLC	4.375		04/01/21		902,103
	235,000		NBCUniversal Media LLC	3.650		04/30/15		249,672
	95,000		NBCUniversal Media LLC	6.400		04/30/40		116,060
	355,000		News America, Inc	7.250		05/18/18		425,666
	600,000		News America, Inc	4.500		02/15/21		657,811
	1,325,000		News America, Inc	6.200		12/15/34		1,507,462
	300,000		News America, Inc	6.150		02/15/41		350,807
	200,000		Omnicom Group, Inc	5.900		04/15/16		230,437
	200,000		Omnicom Group, Inc	4.450		08/15/20		215,654

114

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$300,000		Omnicom Group, Inc	3.625	%	05/01/22	$	304,830
	500,000		Time Warner Cable, Inc	5.850		05/01/17		587,528
	170,000		Time Warner Cable, Inc	6.750		07/01/18		207,091
	910,000		Time Warner Cable, Inc	8.750		02/14/19		1,209,912
	1,100,000		Time Warner Cable, Inc	8.250		04/01/19		1,437,368
	800,000		Time Warner Cable, Inc	4.000		09/01/21		840,682
	175,000		Time Warner Cable, Inc	6.750		06/15/39		213,286
	690,000		Time Warner Cable, Inc	5.875		11/15/40		772,238
	300,000		Time Warner Cable, Inc	5.500		09/01/41		326,427
	490,000		Time Warner, Inc	3.150		07/15/15		516,767
	628,000		Time Warner, Inc	5.875		11/15/16		735,406
	450,000		Time Warner, Inc	4.750		03/29/21		503,485
	400,000		Time Warner, Inc	3.400		06/15/22		403,361
	785,000		Time Warner, Inc	6.500		11/15/36		929,007
	350,000		Time Warner, Inc	6.100		07/15/40		402,639
	150,000		Time Warner, Inc	6.250		03/29/41		174,416
	400,000		Time Warner, Inc	4.900		06/15/42		405,859
	406,000		Viacom, Inc	4.375		09/15/14		434,599
	300,000		Viacom, Inc	1.250		02/27/15		300,747
	400,000		Viacom, Inc	3.875		12/15/21		424,870
	200,000		Viacom, Inc	3.125		06/15/22		200,252
	500,000		Viacom, Inc	6.875		04/30/36		647,368
	200,000		Viacom, Inc	4.500		02/27/42		196,548
	261,000		WPP Finance 2010	4.750		11/21/21		273,879
			TOTAL MEDIA					30,641,617
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.0%
	300,000		Abbott Laboratories	2.700		05/27/15		316,063
	1,930,000		Abbott Laboratories	4.125		05/27/20		2,184,407
	39,000		Abbott Laboratories	6.000		04/01/39		51,680
	200,000		Abbott Laboratories	5.300		05/27/40		244,343
	300,000		Amgen, Inc	2.500		11/15/16		311,700
	300,000		Amgen, Inc	2.125		05/15/17		303,522
	550,000		Amgen, Inc	5.850		06/01/17		648,152
	75,000		Amgen, Inc	4.500		03/15/20		82,513
	250,000		Amgen, Inc	3.450		10/01/20		258,890
	700,000		Amgen, Inc	4.100		06/15/21		750,910
	500,000		Amgen, Inc	3.625		05/15/22		517,043
	700,000		Amgen, Inc	6.400		02/01/39		836,555
	150,000		Amgen, Inc	4.950		10/01/41		153,339
	400,000		Amgen, Inc	5.150		11/15/41		417,566
	300,000		Amgen, Inc	5.375		05/15/43		324,523
	150,000	g	Aristotle Holding, Inc	2.750		11/21/14		153,209
	150,000	g	Aristotle Holding, Inc	3.500		11/15/16		157,930
	300,000	g	Aristotle Holding, Inc	2.650		02/15/17		305,211
	250,000	g	Aristotle Holding, Inc	4.750		11/15/21		276,645
	525,000	g	Aristotle Holding, Inc	3.900		02/15/22		544,170
	150,000	g	Aristotle Holding, Inc	6.125		11/15/41		182,277
	600,000		AstraZeneca plc	5.900		09/15/17		720,824
	500,000		AstraZeneca plc	6.450		09/15/37		676,984
	100,000		Biogen Idec, Inc	6.875		03/01/18		122,044
	300,000		Bristol-Myers Squibb Co	5.450		05/01/18		360,794

115

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$303,000	Bristol-Myers Squibb Co	6.125	%	05/01/38	$	405,643
	200,000	Eli Lilly & Co	4.200		03/06/14		212,127
	375,000	Eli Lilly & Co	5.200		03/15/17		439,500
	200,000	Eli Lilly & Co	7.125		06/01/25		279,602
	250,000	Eli Lilly & Co	5.550		03/15/37		320,759
	125,000	Genentech, Inc	4.750		07/15/15		138,140
	100,000	Genentech, Inc	5.250		07/15/35		117,743
	25,000	Genzyme Corp	3.625		06/15/15		26,821
	100,000	Gilead Sciences, Inc	2.400		12/01/14		103,063
	600,000	Gilead Sciences, Inc	4.500		04/01/21		666,760
	100,000	Gilead Sciences, Inc	4.400		12/01/21		110,378
	100,000	Gilead Sciences, Inc	5.650		12/01/41		116,566
	400,000	GlaxoSmithKline Capital, Inc	4.375		04/15/14		426,099
	1,045,000	GlaxoSmithKline Capital, Inc	5.650		05/15/18		1,263,227
	350,000	GlaxoSmithKline Capital, Inc	5.375		04/15/34		424,862
	143,000	GlaxoSmithKline Capital, Inc	6.375		05/15/38		196,635
	150,000	Hospira, Inc	6.050		03/30/17		169,196
	100,000	Hospira, Inc	5.600		09/15/40		103,952
	100,000	ICI Wilmington, Inc	5.625		12/01/13		105,246
	150,000	Johnson & Johnson	2.150		05/15/16		156,976
	600,000	Johnson & Johnson	2.950		09/01/20		644,560
	375,000	Johnson & Johnson	5.850		07/15/38		520,173
	180,000	Johnson & Johnson	4.500		09/01/40		211,451
	150,000	Johnson & Johnson	4.850		05/15/41		184,810
	115,000	Life Technologies Corp	3.500		01/15/16		119,725
	300,000	Life Technologies Corp	5.000		01/15/21		333,395
	385,000	Mead Johnson Nutrition Co	4.900		11/01/19		437,903
	785,000	Merck & Co, Inc	6.000		09/15/17		959,949
	1,500,000	Merck & Co, Inc	3.875		01/15/21		1,686,933
	150,000	Merck & Co, Inc	6.500		12/01/33		212,641
	300,000	Novartis Capital Corp	4.125		02/10/14		316,704
	1,245,000	Novartis Capital Corp	2.900		04/24/15		1,317,152
	390,000	Novartis Capital Corp	4.400		04/24/20		451,500
	1,460,000	Pfizer, Inc	6.200		03/15/19		1,829,891
	800,000	Sanofi-Aventis S.A.	2.625		03/29/16		839,365
	450,000	Sanofi-Aventis S.A.	4.000		03/29/21		501,903
	240,000	Schering-Plough Corp	6.550		09/15/37		343,551
	100,000	Sigma-Aldrich Corp	3.375		11/01/20		106,613
	200,000	Teva Pharmaceutical Finance Co BV	2.400		11/10/16		206,641
	600,000	Teva Pharmaceutical Finance Co LLC	3.000		06/15/15		631,436
	350,000	Teva Pharmaceutical Finance Co LLC	6.150		02/01/36		454,795
	125,000	Watson Pharmaceuticals, Inc	5.000		08/15/14		132,802
	650,000	Wyeth	5.500		02/15/16		752,200
	1,000,000	Wyeth	6.450		02/01/24		1,345,674
	445,000	Wyeth	5.950		04/01/37		584,080
		TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES					31,810,436
REAL ESTATE - 0.4%
	150,000	Alexandria Real Estate Equities, Inc	4.600		04/01/22		153,584
	105,000	AMB Property LP	7.625		08/15/14		115,502
	165,000	AMB Property LP	4.500		08/15/17		172,490
	384,000	AMB Property LP	6.625		05/15/18		442,915

116

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$100,000	AvalonBay Communities, Inc	3.950	%	01/15/21	$	105,482
	115,000	BioMed Realty LP	6.125		04/15/20		128,983
	100,000	BioMed Realty LP	4.250		07/15/22		99,916
	25,000	Boston Properties LP	5.000		06/01/15		27,163
	150,000	Boston Properties LP	3.700		11/15/18		156,735
	80,000	Boston Properties LP	5.875		10/15/19		92,220
	175,000	Boston Properties LP	4.125		05/15/21		183,810
	500,000	Boston Properties LP	3.850		02/01/23		504,697
	115,000	Brandywine Operating Partnership LP	5.700		05/01/17		122,086
	100,000	Camden Property Trust	4.625		06/15/21		107,453
	200,000	CommonWealth REIT	6.250		08/15/16		211,050
	100,000	CubeSmart LP	4.800		07/15/22		101,089
	275,000	Duke Realty LP	5.950		02/15/17		304,053
	200,000	Duke Realty LP	4.375		06/15/22		201,023
	35,000	ERP Operating LP	5.250		09/15/14		37,707
	500,000	ERP Operating LP	5.125		03/15/16		551,212
	150,000	ERP Operating LP	4.625		12/15/21		162,926
	150,000	HCP, Inc	3.750		02/01/16		155,997
	430,000	HCP, Inc	6.000		01/30/17		481,745
	150,000	HCP, Inc	3.750		02/01/19		149,737
	150,000	HCP, Inc	5.375		02/01/21		165,870
	30,000	HCP, Inc	6.750		02/01/41		36,431
	100,000	Health Care REIT, Inc	3.625		03/15/16		102,799
	200,000	Health Care REIT, Inc	4.700		09/15/17		211,679
	200,000	Health Care REIT, Inc	4.125		04/01/19		203,151
	440,000	Health Care REIT, Inc	6.125		04/15/20		489,807
	300,000	Healthcare Realty Trust, Inc	6.500		01/17/17		327,936
	125,000	Highwoods Properties, Inc	5.850		03/15/17		134,131
	350,000	Hospitality Properties Trust	5.125		02/15/15		360,281
	50,000	HRPT Properties Trust	5.875		09/15/20		51,752
	35,000	Kilroy Realty Corp	5.000		11/03/15		37,252
	145,000	Kimco Realty Corp	5.700		05/01/17		160,587
	220,000	Liberty Property LP	4.750		10/01/20		234,126
	150,000	Liberty Property LP	4.125		06/15/22		151,375
	125,000	Mack-Cali Realty Corp	7.750		08/15/19		153,235
	150,000	Mack-Cali Realty LP	4.500		04/18/22		153,917
	75,000	National Retail Properties, Inc	6.875		10/15/17		84,891
	20,000	Nationwide Health Properties, Inc	6.250		02/01/13		20,540
	200,000	Rayonier, Inc	3.750		04/01/22		199,663
	40,000	Realty Income Corp	5.950		09/15/16		44,665
	75,000	Realty Income Corp	5.750		01/15/21		83,839
	175,000	Regency Centers LP	5.250		08/01/15		187,779
	10,000	Regency Centers LP	5.875		06/15/17		11,204
	100,000	Senior Housing Properties Trust	6.750		12/15/21		108,734
	88,000	Simon Property Group LP	5.100		06/15/15		95,751
	295,000	Simon Property Group LP	5.250		12/01/16		331,558
	100,000	Simon Property Group LP	2.800		01/30/17		102,941
	740,000	Simon Property Group LP	10.350		04/01/19		1,038,076
	290,000	Simon Property Group LP	4.375		03/01/21		315,803
	300,000	Simon Property Group LP	3.375		03/15/22		301,326
	300,000	Simon Property Group LP	4.750		03/15/42		300,121
	200,000	UDR, Inc	4.625		01/10/22		211,828

117

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$100,000	g,i	USB Realty Corp	1.614	%	12/30/49	$	74,289
	55,000		Ventas Realty LP	3.125		11/30/15		55,995
	300,000		Ventas Realty LP	4.750		06/01/21		311,651
	100,000		Vornado Realty LP	5.000		01/15/22		105,744
	195,000		Washington Real Estate Investment Trust	4.950		10/01/20		207,319
			TOTAL REAL ESTATE					11,937,621
RETAILING - 0.6%
	120,000		Advance Auto Parts, Inc	5.750		05/01/20		135,613
	150,000		AutoZone, Inc	6.500		01/15/14		162,080
	100,000		AutoZone, Inc	4.000		11/15/20		106,885
	200,000		AutoZone, Inc	3.700		04/15/22		205,999
	250,000		Best Buy Co, Inc	3.750		03/15/16		244,078
	300,000		Cooper US, Inc	2.375		01/15/16		308,454
	120,000		Costco Wholesale Corp	5.500		03/15/17		143,174
	100,000		Family Dollar Stores, Inc	5.000		02/01/21		107,419
	150,000		Gap, Inc	5.950		04/12/21		155,476
	155,000		Home Depot, Inc	5.250		12/16/13		165,332
	100,000		Home Depot, Inc	5.400		03/01/16		115,283
	400,000		Home Depot, Inc	3.950		09/15/20		447,757
	350,000		Home Depot, Inc	4.400		04/01/21		403,981
	960,000		Home Depot, Inc	5.875		12/16/36		1,229,014
	125,000		Kohl’s Corp	6.250		12/15/17		149,981
	150,000		Kohl’s Corp	6.000		01/15/33		168,346
	100,000		Kohl’s Corp	6.875		12/15/37		126,703
	400,000		Lowe’s Cos, Inc	2.125		04/15/16		413,608
	200,000		Lowe’s Cos, Inc	3.800		11/15/21		216,488
	200,000		Lowe’s Cos, Inc	6.875		02/15/28		260,606
	175,000		Lowe’s Cos, Inc	5.500		10/15/35		207,207
	150,000		Lowe’s Cos, Inc	5.800		04/15/40		186,349
	150,000		Lowe’s Cos, Inc	5.125		11/15/41		170,243
	350,000		Lowes’s Companies, Inc	3.120		04/15/22		358,130
	100,000	h	Lowes’s Companies, Inc	4.650		04/15/42		106,190
	450,000		Macy’s Retail Holdings, Inc	5.900		12/01/16		518,697
	250,000		Macy’s Retail Holdings, Inc	3.875		01/15/22		262,843
	400,000		Macy’s Retail Holdings, Inc	6.900		04/01/29		473,016
	300,000		Nordstrom, Inc	6.250		01/15/18		360,816
	30,000		Nordstrom, Inc	4.750		05/01/20		34,561
	100,000		Nordstrom, Inc	7.000		01/15/38		139,113
	150,000		O’Reilly Automotive, Inc	4.875		01/14/21		161,252
	600,000	g	Phillips 66	2.950		05/01/17		616,541
	400,000	g	Phillips 66	5.875		05/01/42		430,594
	100,000	g	QVC, Inc	5.125		07/02/22		102,077
	188,000		Staples, Inc	9.750		01/15/14		210,129
	100,000		Target Corp	1.125		07/18/14		100,927
	1,150,000		Target Corp	3.875		07/15/20		1,267,000
	150,000		Target Corp	2.900		01/15/22		153,266
	460,000		Target Corp	7.000		07/15/31		630,789
	200,000		Target Corp	6.500		10/15/37		266,385
	250,000		Target Corp	4.000		07/01/42		246,256
	105,000		TJX Cos, Inc	6.950		04/15/19		134,262
	650,000		Wal-Mart Stores, Inc	4.500		07/01/15		720,400

118

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$200,000	Wal-Mart Stores, Inc	1.500	%	10/25/15	$	204,531
	200,000	Wal-Mart Stores, Inc	2.800		04/15/16		214,151
	300,000	Wal-Mart Stores, Inc	3.625		07/08/20		331,232
	1,400,000	Wal-Mart Stores, Inc	3.250		10/25/20		1,502,194
	1,450,000	Wal-Mart Stores, Inc	4.250		04/15/21		1,672,295
	69,000	Wal-Mart Stores, Inc	7.550		02/15/30		103,416
	1,095,000	Wal-Mart Stores, Inc	5.250		09/01/35		1,325,236
	160,000	Wal-Mart Stores, Inc	6.500		08/15/37		225,667
	400,000	Wal-Mart Stores, Inc	6.200		04/15/38		544,131
	65,000	Wal-Mart Stores, Inc	5.625		04/01/40		83,937
	195,000	Wal-Mart Stores, Inc	5.000		10/25/40		233,178
		TOTAL RETAILING					19,563,288
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.1%
	200,000	Altera Corp	1.750		05/15/17		201,480
	85,000	Analog Devices, Inc	5.000		07/01/14		91,914
	55,000	Broadcom Corp	1.500		11/01/13		55,675
	140,000	Broadcom Corp	2.375		11/01/15		145,090
	400,000	Intel Corp	1.950		10/01/16		414,530
	500,000	Intel Corp	4.800		10/01/41		572,617
	310,000	National Semiconductor Corp	3.950		04/15/15		335,842
	200,000	Texas Instruments, Inc	2.375		05/16/16		210,311
		TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT					2,027,459
SOFTWARE & SERVICES - 0.3%
	285,000	Adobe Systems, Inc	3.250		02/01/15		299,501
	20,000	Adobe Systems, Inc	4.750		02/01/20		22,340
	300,000	BMC Software, Inc	4.250		02/15/22		300,223
	20,000	CA, Inc	6.125		12/01/14		21,920
	300,000	CA, Inc	5.375		12/01/19		337,656
	120,000	Computer Sciences Corp	6.500		03/15/18		128,100
	300,000	Expedia, Inc	7.456		08/15/18		345,501
	50,000	Fiserv, Inc	3.125		10/01/15		51,828
	150,000	Fiserv, Inc	3.125		06/15/16		154,634
	100,000	Fiserv, Inc	6.800		11/20/17		119,271
	100,000	Google, Inc	1.250		05/19/14		101,554
	300,000	Google, Inc	2.125		05/19/16		313,124
	100,000	Google, Inc	3.625		05/19/21		110,747
	765,000	International Business Machines Corp	1.000		08/05/13		769,409
	700,000	International Business Machines Corp	0.750		05/11/15		698,936
	250,000	International Business Machines Corp	1.950		07/22/16		257,175
	225,000	International Business Machines Corp	1.250		02/06/17		225,590
	200,000	Intuit, Inc	5.750		03/15/17		228,891
	175,000	Juniper Networks, Inc	4.600		03/15/21		187,417
	740,000	Microsoft Corp	0.875		09/27/13		744,883
	25,000	Microsoft Corp	4.200		06/01/19		29,144
	540,000	Microsoft Corp	3.000		10/01/20		586,813
	450,000	Microsoft Corp	4.000		02/08/21		518,414
	400,000	Microsoft Corp	5.300		02/08/41		511,737
	320,000	Oracle Corp	3.750		07/08/14		339,788
	320,000	Oracle Corp	5.750		04/15/18		388,254
	1,365,000	Oracle Corp	3.875		07/15/20		1,528,137

119

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$300,000	Oracle Corp	6.500	%	04/15/38	$	409,339
	470,000	Oracle Corp	6.125		07/08/39		614,671
	290,000	Symantec Corp	2.750		09/15/15		298,019
	250,000	Symantec Corp	2.750		06/15/17		251,122
	200,000	Symantec Corp	3.950		06/15/22		198,695
		TOTAL SOFTWARE & SERVICES					11,092,833
TECHNOLOGY HARDWARE & EQUIPMENT - 0.7%
	75,000	Amphenol Corp	4.750		11/15/14		80,694
	150,000	Amphenol Corp	4.000		02/01/22		152,810
	1,043,000	Cisco Systems, Inc	4.950		02/15/19		1,229,802
	1,500,000	Cisco Systems, Inc	4.450		01/15/20		1,731,830
	400,000	Cisco Systems, Inc	5.900		02/15/39		515,414
	200,000	Dell, Inc	3.100		04/01/16		211,807
	750,000	Dell, Inc	5.875		06/15/19		882,398
	510,000	Discovery Communications LLC	5.050		06/01/20		576,188
	100,000	Discovery Communications LLC	4.375		06/15/21		108,589
	100,000	Discovery Communications LLC	6.350		06/01/40		121,450
	300,000	Harris Corp	4.400		12/15/20		322,540
	575,000	Hewlett-Packard Co	4.750		06/02/14		607,941
	600,000	Hewlett-Packard Co	2.125		09/13/15		605,005
	1,900,000	Hewlett-Packard Co	3.000		09/15/16		1,954,312
	175,000	Hewlett-Packard Co	2.600		09/15/17		175,666
	700,000	Hewlett-Packard Co	3.750		12/01/20		697,982
	200,000	Hewlett-Packard Co	4.375		09/15/21		205,557
	100,000	Hewlett-Packard Co	4.650		12/09/21		104,820
	200,000	Hewlett-Packard Co	4.050		09/15/22		201,488
	300,000	International Business Machines Corp	2.000		01/05/16		309,758
	200,000	International Business Machines Corp	1.875		05/15/19		202,126
	800,000	International Business Machines Corp	8.375		11/01/19		1,139,694
	300,000	International Business Machines Corp	2.900		11/01/21		314,249
	400,000	International Business Machines Corp	7.000		10/30/25		554,238
	19,000	International Business Machines Corp	5.600		11/30/39		24,764
	385,000	International Business Machines Corp	4.000		06/20/42		402,441
	85,000	International Game Technology	7.500		06/15/19		101,290
	347,000	Koninklijke Philips Electronics NV	5.750		03/11/18		410,811
	100,000	Koninklijke Philips Electronics NV	6.875		03/11/38		131,204
	300,000	Koninklijke Philips Electronics NV	5.000		03/15/42		322,513
	100,000	L-3 Communications Corp	3.950		11/15/16		106,204
	420,000	L-3 Communications Corp	5.200		10/15/19		460,131
	100,000	Lexmark International, Inc	6.650		06/01/18		112,297
	200,000	Motorola Solutions, Inc	3.750		05/15/22		197,234
	200,000	Motorola, Inc	6.000		11/15/17		227,157
	590,000	Pitney Bowes, Inc	4.750		01/15/16		598,578
	200,000	Telefonaktiebolaget LM Ericsson	4.125		05/15/22		200,553
	225,000	Tyco Electronics Group S.A.	6.550		10/01/17		268,608
	250,000	Tyco Electronics Group S.A.	3.500		02/03/22		249,189
	225,000	Xerox Corp	8.250		05/15/14		250,882
	330,000	Xerox Corp	4.250		02/15/15		349,884
	100,000	Xerox Corp	2.950		03/15/17		101,133
	250,000	Xerox Corp	6.350		05/15/18		291,465
	450,000	Xerox Corp	5.625		12/15/19		507,156
		TOTAL TECHNOLOGY HARDWARE & EQUIPMENT					18,319,852

120

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
TELECOMMUNICATION SERVICES - 1.3%
	$200,000		America Movil SAB de C.V.	3.625	%	03/30/15	$	212,713
	200,000		America Movil SAB de C.V.	2.375		09/08/16		205,180
	1,430,000		America Movil SAB de C.V.	5.000		03/30/20		1,623,971
	440,000		America Movil SAB de C.V.	6.125		03/30/40		541,561
	650,000		American Tower Corp	4.500		01/15/18		687,059
	200,000		American Tower Corp	4.700		03/15/22		205,317
	7,000		AT&T Corp	8.000		11/15/31		10,371
	346,000		AT&T Mobility LLC	7.125		12/15/31		458,168
	350,000		AT&T, Inc	5.100		09/15/14		382,139
	1,265,000		AT&T, Inc	2.500		08/15/15		1,316,878
	150,000		AT&T, Inc	2.950		05/15/16		158,876
	600,000		AT&T, Inc	1.600		02/15/17		600,768
	750,000		AT&T, Inc	1.700		06/01/17		753,489
	950,000		AT&T, Inc	5.800		02/15/19		1,158,679
	300,000		AT&T, Inc	4.450		05/15/21		339,604
	1,500,000		AT&T, Inc	3.000		02/15/22		1,523,830
	470,000		AT&T, Inc	6.150		09/15/34		566,400
	220,000		AT&T, Inc	6.500		09/01/37		279,701
	1,575,000		AT&T, Inc	6.300		01/15/38		1,961,806
	322,000		AT&T, Inc	5.350		09/01/40		369,547
	700,000		AT&T, Inc	5.550		08/15/41		834,370
	500,000		BellSouth Capital Funding Corp	7.875		02/15/30		652,538
	1,490,000		BellSouth Corp	5.200		09/15/14		1,621,525
	60,000		BellSouth Corp	6.875		10/15/31		72,908
	140,000		BellSouth Corp	6.550		06/15/34		164,416
	250,000		British Telecommunications plc	2.000		06/22/15		253,435
	400,000		British Telecommunications plc	5.950		01/15/18		468,555
	450,000		British Telecommunications plc	9.625		12/15/30		676,769
	490,000		Cellco Partnership	5.550		02/01/14		524,561
	1,065,000		Cellco Partnership	8.500		11/15/18		1,457,330
	200,000		CenturyLink, Inc	5.800		03/15/22		199,101
	1,300,000		CenturyTel, Inc	5.150		06/15/17		1,330,052
	384,000		CenturyTel, Inc	7.600		09/15/39		370,833
	450,000		Deutsche Telekom International Finance BV	5.750		03/23/16		504,625
	850,000		Deutsche Telekom International Finance BV	6.000		07/08/19		1,003,621
	490,000		Deutsche Telekom International Finance BV	8.750		06/15/30		680,136
	495,000	h	France Telecom S.A.	2.125		09/16/15		497,758
	1,000,000		France Telecom S.A.	4.125		09/14/21		1,046,316
	245,000		France Telecom S.A.	8.500		03/01/31		343,840
	100,000		France Telecom S.A.	5.375		01/13/42		105,641
	150,000		Koninklijke KPN NV	8.375		10/01/30		191,963
	400,000		Qwest Corp	7.500		10/01/14		445,898
	300,000		Qwest Corp	6.500		06/01/17		337,055
	400,000		Qwest Corp	6.750		12/01/21		450,073
	300,000		Rogers Communications, Inc	6.800		08/15/18		369,977
	350,000		Rogers Wireless, Inc	7.500		03/15/15		406,412
	85,000		Telecom Italia Capital S.A.	6.175		06/18/14		85,637
	150,000		Telecom Italia Capital S.A.	4.950		09/30/14		148,875
	1,555,000		Telecom Italia Capital S.A.	7.175		06/18/19		1,547,225

121

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$100,000		Telecom Italia Capital S.A.	7.721	%	06/04/38	$	87,500
	200,000		Telefonica Emisiones SAU	2.582		04/26/13		197,011
	600,000		Telefonica Emisiones SAU	3.992		02/16/16		536,386
	1,620,000		Telefonica Emisiones SAU	5.134		04/27/20		1,395,442
	100,000		Telefonos de Mexico SAB de C.V.	5.500		01/27/15		109,472
	850,000		Verizon Communications, Inc	5.550		02/15/16		975,690
	800,000		Verizon Communications, Inc	3.000		04/01/16		850,341
	1,140,000		Verizon Communications, Inc	5.500		02/15/18		1,349,361
	220,000		Verizon Communications, Inc	8.750		11/01/18		302,400
	200,000		Verizon Communications, Inc	6.350		04/01/19		249,299
	450,000		Verizon Communications, Inc	3.500		11/01/21		479,101
	380,000		Verizon Communications, Inc	6.250		04/01/37		483,480
	620,000		Verizon Communications, Inc	6.400		02/15/38		805,115
	220,000		Verizon Communications, Inc	8.950		03/01/39		362,359
	300,000		Verizon Communications, Inc	6.000		04/01/41		380,324
	1,150,000		Verizon Communications, Inc	4.750		11/01/41		1,264,891
	225,000		Verizon New England, Inc	4.750		10/01/13		235,791
	200,000		Virgin Media Secured Finance plc	5.250		01/15/21		221,567
	150,000		Vodafone Group plc	5.000		12/16/13		159,010
	303,000		Vodafone Group plc	5.625		02/27/17		354,543
	250,000		Vodafone Group plc	1.625		03/20/17		250,043
	1,200,000		Vodafone Group plc	4.625		07/15/18		1,372,828
	650,000	h	Vodafone Group plc	4.375		03/16/21		741,443
	150,000		Vodafone Group plc	6.150		02/27/37		191,719
			TOTAL TELECOMMUNICATION SERVICES					43,502,618
TRANSPORTATION - 0.5%
	100,000		ABB Finance USA, Inc	1.625		05/08/17		100,483
	200,000		ABB Finance USA, Inc	2.875		05/08/22		202,311
	150,000		ABB Finance USA, Inc	4.375		05/08/42		161,192
	200,000		Boeing Capital Corp	2.125		08/15/16		208,620
	700,000		Boeing Capital Corp	2.900		08/15/18		747,060
	750,000		Boeing Co	3.750		11/20/16		831,573
	100,000		Boeing Co	5.875		02/15/40		132,037
	260,000		Burlington Northern Santa Fe Corp	5.750		03/15/18		309,122
	555,000		Burlington Northern Santa Fe Corp	4.700		10/01/19		623,253
	150,000		Burlington Northern Santa Fe Corp	6.150		05/01/37		184,008
	360,000		Burlington Northern Santa Fe Corp	5.750		05/01/40		429,239
	300,000		Burlington Northern Santa Fe LLC	3.050		03/15/22		302,701
	250,000		Burlington Northern Santa Fe LLC	5.050		03/01/41		275,135
	200,000		Burlington Northern Santa Fe LLC	4.400		03/15/42		201,399
	200,000		Canadian National Railway Co	5.550		05/15/18		238,822
	200,000		Canadian National Railway Co	5.550		03/01/19		243,602
	100,000		Canadian National Railway Co	2.850		12/15/21		103,439
	200,000		Canadian National Railway Co	6.900		07/15/28		278,435
	200,000		Canadian National Railway Co	6.250		08/01/34		265,659
	200,000		Canadian Pacific Railway Co	7.250		05/15/19		245,931
	200,000		Canadian Pacific Railway Co	7.125		10/15/31		252,547
	100,000		Canadian Pacific Railway Ltd	5.750		01/15/42		113,926
	470,755		Continental Airlines, Inc	4.750		01/12/21		493,115
	31,008		Continental Airlines, Inc	5.983		04/19/22		33,644
	100,000		Con-Way, Inc	7.250		01/15/18		115,166

122

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$650,000		CSX Corp	7.375	%	02/01/19	$	829,157
	100,000		CSX Corp	6.000		10/01/36		118,892
	400,000		CSX Corp	5.500		04/15/41		449,692
	350,000		CSX Corp	4.400		03/01/43		339,265
	200,000	h	DELTA AIR LINES 2012-1A	4.750		05/07/20		202,500
	465,457		Delta Air Lines, Inc	5.300		04/15/19		496,875
	165,000		Embraer Overseas Ltd	6.375		01/15/20		183,562
	100,000		Embraer S.A.	5.150		06/15/22		102,650
	134,000		FedEx Corp	8.000		01/15/19		176,619
	100,000		GATX Corp	3.500		07/15/16		102,567
	125,000		GATX Corp	4.750		06/15/22		126,379
	210,000		Norfolk Southern Corp	5.750		04/01/18		249,094
	100,000		Norfolk Southern Corp	3.250		12/01/21		103,367
	250,000		Norfolk Southern Corp	3.000		04/01/22		252,887
	425,000		Norfolk Southern Corp	5.590		05/17/25		513,420
	478,000		Norfolk Southern Corp	7.250		02/15/31		662,113
	16,000		Norfolk Southern Corp	4.837		10/01/41		17,657
	650,000		Northrop Grumman Corp	3.500		03/15/21		686,937
	350,000		Ryder System, Inc	3.150		03/02/15		361,247
	50,000		Ryder System, Inc	3.600		03/01/16		52,677
	150,000		Ryder System, Inc	2.500		03/01/17		151,352
	325,000		Southwest Airlines Co	5.250		10/01/14		351,757
	300,000		Union Pacific Corp	5.750		11/15/17		356,729
	331,000		Union Pacific Corp	4.163		07/15/22		368,764
	100,000		Union Pacific Corp	2.950		01/15/23		100,263
	200,000		Union Pacific Corp	6.625		02/01/29		263,532
	100,000		Union Pacific Corp	4.750		09/15/41		108,466
	100,000		Union Pacific Corp	4.300		06/15/42		100,715
	42,000		United Parcel Service, Inc	3.875		04/01/14		44,313
	100,000		United Parcel Service, Inc	5.500		01/15/18		120,137
	300,000		United Parcel Service, Inc	5.125		04/01/19		361,760
	1,105,000		United Parcel Service, Inc	3.125		01/15/21		1,183,188
	35,000		United Parcel Service, Inc	6.200		01/15/38		48,102
			TOTAL TRANSPORTATION					16,679,054
UTILITIES - 2.0%
	370,000		AGL Capital Corp	5.250		08/15/19		428,589
	300,000		Alabama Power Co	5.200		06/01/41		360,935
	60,000		Alliant Energy Corp	4.000		10/15/14		63,116
	100,000		Ameren Corp	8.875		05/15/14		111,389
	250,000		American Water Capital Corp	6.085		10/15/17		292,683
	50,000		Appalachian Power Co	3.400		05/24/15		52,522
	140,000		Appalachian Power Co	7.000		04/01/38		187,593
	150,000		Arizona Public Service Co	8.750		03/01/19		198,375
	350,000		Arizona Public Service Co	4.500		04/01/42		361,212
	60,000		Atmos Energy Corp	4.950		10/15/14		64,805
	100,000		Atmos Energy Corp	8.500		03/15/19		133,773
	100,000		Atmos Energy Corp	5.500		06/15/41		120,569
	100,000		Baltimore Gas & Electric Co	3.500		11/15/21		105,642
	785,000		Carolina Power & Light Co	5.300		01/15/19		942,254
	350,000		Carolina Power & Light Co	3.000		09/15/21		365,460
	150,000		Carolina Power & Light Co	2.800		05/15/22		152,461

123

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$100,000		Carolina Power & Light Co	4.100	%	05/15/42	$	104,283
	290,000		CenterPoint Energy Houston Electric LLC	7.000		03/01/14		319,426
	100,000		CenterPoint Energy Houston Electric LLC	6.950		03/15/33		138,504
	423,000		CenterPoint Energy Resources Corp	4.500		01/15/21		461,773
	203,000		Cleco Power LLC	6.000		12/01/40		237,143
	100,000		Commonwealth Edison Co	1.625		01/15/14		101,348
	500,000		Commonwealth Edison Co	1.950		09/01/16		511,652
	775,000		Commonwealth Edison Co	4.000		08/01/20		861,885
	387,000		Commonwealth Edison Co	5.900		03/15/36		501,908
	210,000		Connecticut Light & Power Co	5.500		02/01/19		251,335
	60,000		Consolidated Edison Co of New York, Inc	6.650		04/01/19		76,161
	890,000		Consolidated Edison Co of New York, Inc	4.450		06/15/20		1,025,412
	325,000		Consolidated Edison Co of New York, Inc	5.700		06/15/40		416,993
	200,000		Consolidated Edison Co of New York, Inc	4.200		03/15/42		213,159
	105,000		Consolidated Natural Gas Co	5.000		12/01/14		113,998
	180,000		Constellation Energy Group, Inc	4.550		06/15/15		193,305
	250,000		Constellation Energy Group, Inc	5.150		12/01/20		276,735
	230,000		Consumers Energy Co	6.125		03/15/19		283,323
	150,000		Consumers Energy Co	2.850		05/15/22		152,585
	200,000		Delmarva Power & Light Co	4.000		06/01/42		203,267
	400,000		Detroit Edison Co	3.450		10/01/20		432,462
	100,000		Detroit Edison Co	2.650		06/15/22		100,610
	100,000		Detroit Edison Co	3.950		06/15/42		101,643
	360,000		Dominion Resources, Inc	5.150		07/15/15		400,972
	1,700,000		Dominion Resources, Inc	4.450		03/15/21		1,933,347
	200,000		Dominion Resources, Inc	5.950		06/15/35		247,589
	790,000		Duke Energy Carolinas LLC	5.750		11/15/13		843,203
	125,000		Duke Energy Carolinas LLC	4.300		06/15/20		142,959
	200,000		Duke Energy Carolinas LLC	3.900		06/15/21		222,994
	733,000		Duke Energy Carolinas LLC	6.050		04/15/38		972,272
	746,000		Duke Energy Corp	5.050		09/15/19		869,987
	250,000		Duke Energy Indiana, Inc	4.200		03/15/42		258,322
	200,000		El Paso Natural Gas Co	5.950		04/15/17		225,794
	100,000		Enbridge, Inc	5.600		04/01/17		114,244
	150,000		Energen Corp	4.625		09/01/21		154,797
	400,000		Energy Transfer Partners LP	6.125		02/15/17		449,572
	44,000		Energy Transfer Partners LP	9.700		03/15/19		56,418
	500,000		Energy Transfer Partners LP	4.650		06/01/21		516,556
	200,000		Energy Transfer Partners LP	5.200		02/01/22		214,182
	140,000		Energy Transfer Partners LP	7.500		07/01/38		157,892
	100,000		Energy Transfer Partners LP	6.500		02/01/42		107,164
	100,000		Enersis S.A.	7.375		01/15/14		107,023
	125,000		Entergy Arkansas, Inc	3.750		02/15/21		131,000
	200,000		Entergy Corp	5.125		09/15/20		207,641
	300,000		Entergy Gulf States Louisiana LLC	3.950		10/01/20		318,180
	150,000		Entergy Louisiana LLC	1.875		12/15/14		153,653
	225,000		Entergy Texas, Inc	7.125		02/01/19		275,320
	75,000		Exelon Corp	4.900		06/15/15		81,516
	400,000		Exelon Generation Co LLC	5.200		10/01/19		437,510
	200,000	g	Exelon Generation Co LLC	4.250		06/15/22		200,642
	371,000	g	Exelon Generation Co LLC	5.600		06/15/42		377,670
	800,000		FirstEnergy Corp	7.375		11/15/31		1,004,216

124

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$280,000		FirstEnergy Solutions Corp	4.800	%	02/15/15	$	297,239
	635,000		FirstEnergy Solutions Corp	6.050		08/15/21		697,411
	247,000		Florida Power & Light Co	4.950		06/01/35		289,888
	400,000		Florida Power & Light Co	5.250		02/01/41		495,956
	100,000		Florida Power & Light Co	4.125		02/01/42		104,699
	200,000		Florida Power & Light Co	4.050		06/01/42		210,833
	29,000		Florida Power Corp	5.650		06/15/18		34,957
	100,000		Florida Power Corp	3.100		08/15/21		103,538
	165,000		Florida Power Corp	6.400		06/15/38		225,032
	690,000		FPL Group Capital, Inc	2.600		09/01/15		708,907
	40,000		Georgia Power Co	1.300		09/15/13		40,325
	900,000		Georgia Power Co	5.700		06/01/17		1,074,773
	177,000		Georgia Power Co	5.950		02/01/39		227,753
	500,000		Georgia Power Co	4.300		03/15/42		520,832
	50,000		Great Plains Energy, Inc	2.750		08/15/13		50,732
	200,000		Great Plains Energy, Inc	4.850		06/01/21		214,795
	200,000		Great Plains Energy, Inc	5.292		06/15/22		215,743
	80,000		Indiana Michigan Power Co	7.000		03/15/19		99,493
	70,000		Integrys Energy Group, Inc	4.170		11/01/20		75,508
	100,000		Interstate Power & Light Co	6.250		07/15/39		131,820
	100,000		Kansas City Power & Light Co	5.300		10/01/41		110,206
	20,000	g	Kansas Gas & Electric	6.700		06/15/19		24,948
	250,000		Kentucky Utilities Co	5.125		11/01/40		301,873
	150,000		Kinder Morgan Energy Partners LP	3.500		03/01/16		158,592
	400,000		Kinder Morgan Energy Partners LP	5.950		02/15/18		463,844
	500,000		Kinder Morgan Energy Partners LP	9.000		02/01/19		645,888
	100,000		Kinder Morgan Energy Partners LP	5.800		03/01/21		114,075
	400,000		Kinder Morgan Energy Partners LP	3.950		09/01/22		405,245
	535,000		Kinder Morgan Energy Partners LP	6.500		09/01/39		611,009
	300,000		Kinder Morgan Energy Partners LP	5.625		09/01/41		311,319
	320,000		LG&E and KU Energy LLC	3.750		11/15/20		327,847
	400,000		MidAmerican Energy Co	4.650		10/01/14		432,091
	350,000		Midamerican Energy Holdings Co	5.750		04/01/18		415,157
	1,032,000		Midamerican Energy Holdings Co	5.950		05/15/37		1,280,032
	300,000		Midamerican Energy Holdings Co	6.500		09/15/37		394,943
	300,000		Mississippi Power Co	4.250		03/15/42		307,305
	85,000		National Fuel Gas Co	5.250		03/01/13		87,189
	100,000		National Fuel Gas Co	4.900		12/01/21		107,878
	300,000		National Grid plc	6.300		08/01/16		346,122
	320,000		Nevada Power Co	6.500		08/01/18		396,349
	45,000		Nevada Power Co	7.125		03/15/19		57,435
	230,000		Nevada Power Co	5.375		09/15/40		270,283
	500,000		NextEra Energy Capital Holdings, Inc	4.500		06/01/21		541,542
	235,000		NiSource Finance Corp	5.400		07/15/14		253,256
	350,000		NiSource Finance Corp	6.400		03/15/18		408,834
	150,000		NiSource Finance Corp	6.125		03/01/22		175,970
	400,000		NiSource Finance Corp	3.850		02/15/23		399,614
	100,000		NiSource Finance Corp	5.950		06/15/41		111,760
	200,000		NiSource Finance Corp	5.250		02/15/43		202,792
	425,000		Northern States Power Co	5.350		11/01/39		527,407
	150,000		NSTAR Electric Co	5.625		11/15/17		179,015
	150,000		Oglethorpe Power Corp	5.375		11/01/40		176,059

125

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$600,000		Ohio Power Co	5.375	%	10/01/21	$	708,372
	100,000		Oklahoma Gas & Electric Co	5.250		05/15/41		120,175
	220,000		Oncor Electric Delivery Co LLC	6.375		01/15/15		243,298
	200,000		Oncor Electric Delivery Co LLC	6.800		09/01/18		239,052
	150,000	g	Oncor Electric Delivery Co LLC	4.100		06/01/22		152,932
	70,000		Oncor Electric Delivery Co LLC	7.250		01/15/33		86,377
	100,000		Oncor Electric Delivery Co LLC	5.250		09/30/40		103,644
	350,000	g	Oncor Electric Delivery Co LLC	4.550		12/01/41		333,257
	150,000	g	Oncor Electric Delivery Co LLC	5.300		06/01/42		157,966
	250,000		ONEOK Partners LP	3.250		02/01/16		262,299
	130,000		ONEOK Partners LP	6.650		10/01/36		152,651
	250,000		ONEOK Partners LP	6.850		10/15/37		297,812
	100,000		ONEOK Partners LP	6.125		02/01/41		112,758
	150,000		ONEOK, Inc	4.250		02/01/22		157,089
	150,000		ONEOK, Inc	6.000		06/15/35		163,692
	355,000		Pacific Gas & Electric Co	8.250		10/15/18		478,514
	720,000		Pacific Gas & Electric Co	6.050		03/01/34		907,335
	75,000		Pacific Gas & Electric Co	5.800		03/01/37		93,220
	600,000		Pacific Gas & Electric Co	5.400		01/15/40		717,155
	250,000		PacifiCorp	2.950		02/01/22		256,727
	250,000		PacifiCorp	6.000		01/15/39		328,472
	165,000		Pepco Holdings, Inc	2.700		10/01/15		169,366
	350,000		PG&E Corp	5.750		04/01/14		376,585
	65,000		Potomac Electric Power Co	7.900		12/15/38		106,031
	300,000		PPL Capital Funding, Inc	4.200		06/15/22		300,962
	200,000		PPL Energy Supply LLC	6.200		05/15/16		224,161
	225,000		PPL Energy Supply LLC	6.500		05/01/18		259,993
	100,000		PPL Energy Supply LLC	4.600		12/15/21		102,619
	300,000		Progress Energy, Inc	3.150		04/01/22		302,750
	400,000		Progress Energy, Inc	7.750		03/01/31		562,463
	300,000		PSEG Power LLC	2.500		04/15/13		304,205
	200,000		PSEG Power LLC	5.320		09/15/16		225,541
	225,000		Public Service Co of Colorado	4.875		03/01/13		231,398
	335,000		Public Service Co of Colorado	5.500		04/01/14		362,642
	520,000		Public Service Co of Oklahoma	5.150		12/01/19		601,581
	100,000		Public Service Co of Oklahoma	4.400		02/01/21		110,830
	150,000		Public Service Co of Oklahoma	6.625		11/15/37		191,013
	220,000		Public Service Electric & Gas Co	5.300		05/01/18		261,425
	410,000		Public Service Electric & Gas Co	5.375		11/01/39		510,505
	200,000		Public Service Electric & Gas Co	3.950		05/01/42		206,883
	250,000		Puget Sound Energy, Inc	5.757		10/01/39		322,113
	100,000		Puget Sound Energy, Inc	4.434		11/15/41		109,153
	100,000		Questar Corp	2.750		02/01/16		103,902
	150,000		San Diego Gas & Electric Co	3.000		08/15/21		158,458
	255,000		San Diego Gas & Electric Co	5.350		05/15/40		327,390
	100,000		San Diego Gas & Electric Co	3.950		11/15/41		105,244
	250,000		San Diego Gas & Electric Co	4.300		04/01/42		278,981
	300,000		SCANA Corp	4.750		05/15/21		318,706
	100,000		SCANA Corp	4.125		02/01/22		100,904
	250,000		Scottish Power Ltd	5.810		03/15/25		244,494
	600,000		Sempra Energy	2.000		03/15/14		609,382
	200,000		Sempra Energy	2.300		04/01/17		204,969

126

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$260,000		Sempra Energy	6.000	%	10/15/39	$	322,945
	50,000		South Carolina Electric & Gas Co	5.300		05/15/33		57,918
	125,000		South Carolina Electric & Gas Co	5.450		02/01/41		153,077
	100,000		South Carolina Electric & Gas Co	4.350		02/01/42		104,136
	100,000		Southern California Edison Co	5.000		01/15/16		113,009
	250,000		Southern California Edison Co	5.500		08/15/18		303,766
	280,000		Southern California Edison Co	3.875		06/01/21		311,508
	185,000		Southern California Edison Co	6.050		03/15/39		248,460
	300,000		Southern California Edison Co	4.500		09/01/40		332,940
	500,000		Southern California Edison Co	3.900		12/01/41		501,993
	200,000		Southern California Edison Co	4.050		03/15/42		208,591
	200,000		Southern Co	2.375		09/15/15		206,044
	100,000		Southern Co	1.950		09/01/16		102,412
	108,000	g	Southern Natural Gas Co	5.900		04/01/17		123,639
	100,000		Southern Natural Gas Co	8.000		03/01/32		129,696
	100,000		Southern Power Co	5.150		09/15/41		108,661
	250,000		Southwest Gas Corp	3.875		04/01/22		263,502
	500,000		Southwestern Public Service Co	4.500		08/15/41		551,267
	60,000		Spectra Energy Capital LLC	6.200		04/15/18		71,619
	450,000		Spectra Energy Capital LLC	8.000		10/01/19		576,476
	200,000		Tampa Electric Co	5.400		05/15/21		240,375
	100,000		Tampa Electric Co	4.100		06/15/42		100,738
	200,000		TECO Finance, Inc	5.150		03/15/20		228,602
	200,000		Tennessee Gas Pipeline Co	7.000		10/15/28		250,412
	75,000		Toledo Edison Co	7.250		05/01/20		96,108
	770,000		Total Capital S.A.	3.125		10/02/15		817,250
	200,000		Total Capital S.A.	4.450		06/24/20		228,487
	100,000		Total Capital S.A.	4.125		01/28/21		110,990
	200,000		TransAlta Corp	6.650		05/15/18		222,783
	400,000		Union Electric Co	6.700		02/01/19		503,716
	200,000		Union Electric Co	5.100		10/01/19		234,086
	100,000		Union Electric Co	8.450		03/15/39		163,075
	100,000		United Utilities plc	6.875		08/15/28		115,531
	263,000		Veolia Environnement	5.250		06/03/13		271,477
	350,000		Virginia Electric and Power Co	6.000		05/15/37		455,846
	500,000		Westar Energy, Inc	4.125		03/01/42		523,531
	250,000		Western Gas Partners LP	4.000		07/01/22		250,000
	35,000		Williams Cos, Inc	7.875		09/01/21		44,202
	300,000		Williams Cos, Inc	7.750		06/15/31		372,401
	245,000		Williams Partners LP	3.800		02/15/15		257,736
	70,000		Williams Partners LP	7.250		02/01/17		83,875
	530,000		Williams Partners LP	5.250		03/15/20		595,485
	100,000		Williams Partners LP	4.000		11/15/21		103,877
	335,000		Williams Partners LP	6.300		04/15/40		396,744
	250,000		Wisconsin Electric Power Co	4.500		05/15/13		258,384
	200,000		Wisconsin Electric Power Co	5.625		05/15/33		250,348
	200,000		Wisconsin Power & Light Co	6.375		08/15/37		278,512
	100,000		Xcel Energy, Inc	4.700		05/15/20		115,533
	100,000		Xcel Energy, Inc	4.800		09/15/41		111,902
			TOTAL UTILITIES					65,410,147
			TOTAL CORPORATE BONDS (Cost $689,736,892)					718,235,741

127

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
GOVERNMENT BONDS - 75.7%
AGENCY SECURITIES - 4.4%
	$250,000	Federal Agricultural Mortgage Corp	2.375	%	07/22/15	$	262,698
	1,945,000	Federal Farm Credit Bank (FFCB)	1.375		06/25/13		1,966,634
	1,000,000	FFCB	3.875		10/07/13		1,044,730
	2,600,000	FFCB	3.000		09/22/14		2,750,810
	1,000,000	FFCB	1.050		03/28/16		1,013,676
	1,370,000	Federal Home Loan Bank (FHLB)	1.875		06/21/13		1,391,445
	7,740,000	FHLB	3.625		10/18/13		8,068,872
	8,625,000	FHLB	3.125		12/13/13		8,972,251
	110,000	FHLB	5.250		06/18/14		120,511
	7,650,000	FHLB	2.875		06/12/15		8,170,345
	1,000,000	FHLB	5.375		05/18/16		1,179,078
	95,000	FHLB	4.750		12/16/16		111,133
	500,000	FHLB	4.875		05/17/17		596,883
	4,745,000	FHLB	5.000		11/17/17		5,729,564
	1,000,000	FHLB	1.625		06/14/19		1,009,752
	211,000	Federal Home Loan Mortgage Corp (FHLMC)	4.125		09/27/13		221,005
	207,000	FHLMC	4.500		01/15/14		220,130
	1,740,000	FHLMC	2.500		04/23/14		1,807,764
	2,000,000	FHLMC	1.000		08/27/14		2,027,180
	5,000,000	FHLMC	2.875		02/09/15		5,308,245
	108,000	FHLMC	4.375		07/17/15		120,449
	125,000	FHLMC	4.750		11/17/15		142,625
	132,000	FHLMC	4.750		01/19/16		150,979
	6,213,000	FHLMC	5.250		04/18/16		7,271,509
	127,000	FHLMC	5.500		07/18/16		150,867
	11,736,000	FHLMC	5.125		10/18/16		13,821,710
	1,000,000	FHLMC	2.375		01/13/22		1,026,254
	3,120,000	FHLMC	6.250		07/15/32		4,641,112
	96,000	Federal National Mortgage Association (FNMA)	3.875		07/12/13		99,596
	2,185,000	FNMA	1.250		08/20/13		2,208,043
	176,000	FNMA	5.125		01/02/14		187,866
	214,000	FNMA	2.750		02/05/14		222,422
	7,646,000	FNMA	2.750		03/13/14		7,956,190
	4,071,000	FNMA	2.500		05/15/14		4,232,578
	5,415,000	FNMA	3.000		09/16/14		5,729,444
	9,145,000	FNMA	4.625		10/15/14		10,021,786
	9,000,000	FNMA	2.625		11/20/14		9,473,868
	5,000,000	FNMA	2.250		03/15/16		5,275,960
	10,215,000	FNMA	5.000		03/15/16		11,811,094
	150,000	FNMA	5.000		05/11/17		178,673
	340,000	FNMA	5.375		06/12/17		411,939
	2,500,000	FNMA	5.625		07/15/37		3,571,295
	815,000	Financing Corp Fico	9.400		02/08/18		1,165,681
	815,000	Financing Corp Fico	10.350		08/03/18		1,230,630
	200,000	Private Export Funding Corp	1.375		02/15/17		203,055
	590,000	Private Export Funding Corp	2.250		12/15/17		624,819
		TOTAL AGENCY SECURITIES					143,903,150

128

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
FOREIGN GOVERNMENT BONDS - 3.0%
	$906,000	Brazilian Government International Bond	5.875	%	01/15/19	$	1,093,542
	1,590,000	Brazilian Government International Bond	4.875		01/22/21		1,838,835
	100,000	Brazilian Government International Bond	8.875		04/15/24		154,500
	1,180,000	Brazilian Government International Bond	7.125		01/20/37		1,702,150
	1,130,000	Brazilian Government International Bond	5.625		01/07/41		1,385,945
	525,000	Canada Government International Bond	2.375		09/10/14		547,907
	600,000	Canada Government International Bond	0.875		02/14/17		603,091
	150,000	Chile Government International Bond	5.500		01/15/13		153,375
	345,000	Chile Government International Bond	3.875		08/05/20		382,950
	100,000	China Development Bank	5.000		10/15/15		109,426
	200,000	China Government International Bond	4.750		10/29/13		209,209
	900,000	Colombia Government International Bond	8.250		12/22/14		1,053,000
	450,000	Colombia Government International Bond	7.375		03/18/19		588,375
	400,000	Colombia Government International Bond	4.375		07/12/21		449,200
	1,050,000	Colombia Government International Bond	6.125		01/18/41		1,365,000
	300,000	Development Bank of Japan	5.125		02/01/17		351,419
	450,000	European Bank for Reconstruction & Development	3.625		06/17/13		463,455
	50,000	European Bank for Reconstruction & Development	1.625		09/03/15		51,215
	700,000	European Bank for Reconstruction & Development	2.500		03/15/16		740,577
	1,500,000	European Investment Bank	1.750		09/14/12		1,504,038
	1,000,000	European Investment Bank	2.875		03/15/13		1,016,439
	1,000,000	European Investment Bank	1.500		05/15/14		1,013,844
	5,000,000	European Investment Bank	1.625		09/01/15		5,113,235
	3,000,000	European Investment Bank	1.375		10/20/15		3,044,295
	4,000,000	European Investment Bank	2.250		03/15/16		4,152,984
	205,000	European Investment Bank	4.875		02/15/36		237,839
	95,000	Export Development Canada	3.500		05/16/13		97,628
	200,000	Export Development Canada	1.500		05/15/14		204,229
	545,000	Export Development Canada	2.250		05/28/15		572,327
	250,000	Export Development Canada	1.250		10/26/16		255,025
	180,000	Export-Import Bank of Korea	8.125		01/21/14		196,500
	250,000	Export-Import Bank of Korea	5.875		01/14/15		273,329
	590,000	Export-Import Bank of Korea	4.125		09/09/15		625,350
	475,000	Export-Import Bank of Korea	5.125		06/29/20		529,755
	300,000	Export-Import Bank of Korea	5.000		04/11/22		332,746
	1,190,000	Federative Republic of Brazil	6.000		01/17/17		1,401,820
	903,333	Federative Republic of Brazil	8.000		01/15/18		1,052,383
	100,000	Finland Government International Bond	6.950		02/15/26		140,976
	500,000	Hydro Quebec	2.000		06/30/16		517,641
	800,000	Hydro Quebec	1.375		06/19/17		799,387
	270,000	Hydro Quebec	9.400		02/01/21		404,700
	200,000	Hydro Quebec	8.500		12/01/29		326,635
	150,000	Inter-American Development Bank	1.625		07/15/13		151,670
	1,000,000	Inter-American Development Bank	3.000		04/22/14		1,045,476
	1,500,000	Inter-American Development Bank	2.250		07/15/15		1,570,800
	1,105,000	Inter-American Development Bank	3.875		09/17/19		1,283,977
	1,245,000	International Bank for Reconstruction & Development	3.625		05/21/13		1,282,054
	1,000,000	International Bank for Reconstruction & Development	1.125		08/25/14		1,012,368
	3,200,000	International Bank for Reconstruction & Development	2.375		05/26/15		3,379,494
	2,900,000	International Bank for Reconstruction & Development	2.125		03/15/16		3,050,739

129

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$150,000		International Bank for Reconstruction & Development	1.000	%	09/15/16	$	151,145
	400,000		International Bank for Reconstruction & Development	7.625		01/19/23		597,632
	34,000		International Bank for Reconstruction & Development	4.750		02/15/35		43,572
	30,000		International Finance Corp	3.000		04/22/14		31,337
	1,700,000		International Finance Corp	2.750		04/20/15		1,799,860
	1,400,000		International Finance Corp	1.125		11/23/16		1,412,239
	800,000		Israel Government AID Bond	5.500		09/18/23		1,046,910
	300,000		Israel Government International Bond	4.625		06/15/13		308,720
	400,000		Israel Government International Bond	5.125		03/26/19		454,085
	705,000		Israel Government International Bond	4.000		06/30/22		729,512
	150,000		Italian Republic	2.125		10/05/12		149,445
	1,000,000		Italian Republic	2.125		09/16/13		988,965
	500,000		Italian Republic	3.125		01/26/15		482,919
	1,200,000		Italian Republic	5.250		09/20/16		1,193,161
	574,000		Italian Republic	5.375		06/15/33		506,197
	430,000		Italy Government International Bond	5.375		06/12/17		425,836
	200,000		Japan Bank for International Cooperation	2.125		11/05/12		201,092
	1,500,000		Japan Bank for International Cooperation	4.250		06/18/13		1,550,622
	600,000		Japan Finance Corp	2.250		07/13/16		628,322
	500,000		Japan Finance Organization for Municipalities	5.000		05/16/17		585,264
	600,000		Korea Development Bank	8.000		01/23/14		654,597
	475,000		Korea Development Bank	4.375		08/10/15		506,304
	235,000		Korea Development Bank	3.250		03/09/16		242,581
	400,000	h	Korea Development Bank	3.500		08/22/17		417,589
	1,000,000		Mexico Government International Bond	5.625		01/15/17		1,163,750
	900,000		Mexico Government International Bond	3.625		03/15/22		955,350
	300,000		Mexico Government International Bond	8.000		09/24/22		423,000
	66,000		Mexico Government International Bond	7.500		04/08/33		96,030
	600,000		Mexico Government International Bond	6.750		09/27/34		819,000
	1,214,000		Mexico Government International Bond	6.050		01/11/40		1,566,060
	400,000		Mexico Government International Bond	4.750		03/08/44		431,000
	150,000		Mexico Government International Bond	5.750		10/12/10		170,625
	800,000		Panama Government International Bond	5.200		01/30/20		934,000
	692,000		Panama Government International Bond	6.700		01/26/36		934,200
	320,000		Peruvian Government International Bond	7.125		03/30/19		411,200
	925,000		Peruvian Government International Bond	7.350		07/21/25		1,299,625
	150,000		Peruvian Government International Bond	6.550		03/14/37		204,150
	500,000		Peruvian Government International Bond	5.625		11/18/50		606,250
	380,000		Poland Government International Bond	3.875		07/16/15		401,204
	1,485,000		Poland Government International Bond	6.375		07/15/19		1,749,092
	67,000		Poland Government International Bond	5.125		04/21/21		74,069
	390,000		Poland Government International Bond	5.000		03/23/22		425,685
	1,055,000		Province of British Columbia Canada	2.850		06/15/15		1,121,824
	400,000		Province of British Columbia Canada	1.200		04/25/17		403,910
	200,000		Province of British Columbia Canada	2.650		09/22/21		210,540
	730,000		Province of Manitoba Canada	2.125		04/22/13		740,363
	500,000		Province of Manitoba Canada	1.750		05/30/19		502,529
	200,000		Province of New Brunswick Canada	5.200		02/21/17		235,315
	255,000		Province of Nova Scotia Canada	2.375		07/21/15		266,663
	50,000		Province of Nova Scotia Canada	5.125		01/26/17		58,535
	200,000		Province of Nova Scotia Canada	8.250		07/30/22		299,312
	1,700,000		Province of Ontario Canada	2.950		02/05/15		1,793,529

130

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$600,000		Province of Ontario Canada	0.950	%	05/26/15	$	602,668
	2,690,000		Province of Ontario Canada	2.700		06/16/15		2,835,908
	1,000,000		Province of Ontario Canada	2.300		05/10/16		1,043,253
	300,000		Province of Ontario Canada	1.600		09/21/16		305,406
	230,000		Province of Ontario Canada	4.400		04/14/20		267,383
	800,000		Province of Ontario Canada	2.450		06/29/22		789,633
	40,000		Province of Quebec Canada	4.875		05/05/14		43,183
	385,000		Province of Quebec Canada	5.125		11/14/16		449,670
	1,135,000		Province of Quebec Canada	4.625		05/14/18		1,326,873
	120,000		Province of Quebec Canada	3.500		07/29/20		132,000
	200,000		Province of Quebec Canada	7.125		02/09/24		277,325
	201,000		Province of Quebec Canada	7.500		09/15/29		309,032
	100,000		Province of Saskatchewan Canada	8.500		07/15/22		152,240
	200,000		Region of Lombardy Italy	5.804		10/25/32		158,813
	475,000		Republic of Korea	5.750		04/16/14		511,523
	500,000		Republic of Korea	7.125		04/16/19		630,564
	300,000		South Africa Government International Bond	6.500		06/02/14		329,400
	310,000		South Africa Government International Bond	6.875		05/27/19		380,525
	225,000		South Africa Government International Bond	5.500		03/09/20		259,312
	500,000		South Africa Government International Bond	4.665		01/17/24		541,250
	300,000		South Africa Government International Bond	6.250		03/08/41		379,500
	625,000		Svensk Exportkredit AB	5.125		03/01/17		718,879
	196,000		United Mexican States	5.875		02/17/14		210,014
	1,280,000		United Mexican States	5.950		03/19/19		1,560,320
	868,000		United Mexican States	5.125		01/15/20		1,017,730
			TOTAL FOREIGN GOVERNMENT BONDS					98,469,974
MORTGAGE BACKED - 30.5%
	19,687	i	Federal Home Loan Mortgage Corp (FHLMC)	5.030		10/01/35		20,809
	248,310	i	FHLMC	2.380		02/01/36		263,783
	94,190	i	FHLMC	2.732		07/01/36		100,706
	304,234	i	FHLMC	2.603		09/01/36		325,118
	240,099	i	FHLMC	2.605		09/01/36		254,764
	230,261	i	FHLMC	2.828		09/01/36		244,516
	33,598	i	FHLMC	5.629		02/01/37		36,250
	29,486	i	FHLMC	5.807		02/01/37		31,589
	586,743	i	FHLMC	2.835		03/01/37		626,962
	37,919	i	FHLMC	5.217		03/01/37		41,006
	468,417	i	FHLMC	5.932		04/01/37		509,348
	58,357	i	FHLMC	3.168		05/01/37		62,510
	193,370	i	FHLMC	5.758		05/01/37		209,122
	62,581	i	FHLMC	3.871		06/01/37		66,913
	320,763	i	FHLMC	4.946		08/01/37		340,148
	334,123	i	FHLMC	4.556		09/01/37		354,467
	157,382	i	FHLMC	5.775		09/01/37		166,957
	8,348	i	FHLMC	6.054		09/01/37		9,091
	56,845	i	FHLMC	5.380		02/01/38		61,467
	436,278	i	FHLMC	4.498		04/01/38		466,776
	520,985	i	FHLMC	4.867		04/01/38		558,512
	42,458	i	FHLMC	4.708		07/01/38		45,549
	121,594		FHLMC	5.000		10/01/39		130,709
	210,861	i	FHLMC	3.619		06/01/40		222,403

131

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$748,878	i	FHLMC	3.018	%	01/01/41	$	785,279
	2,318,680	i	FHLMC	3.467		08/01/41		2,434,087
	601		Federal Home Loan Mortgage Corp Gold (FGLMC)	6.000		08/01/12		601
	50,706		FGLMC	4.500		05/01/13		51,210
	71,444		FGLMC	5.000		07/01/14		76,409
	7,333		FGLMC	7.500		01/01/16		7,475
	66		FGLMC	7.500		05/01/16		71
	108		FGLMC	7.500		06/01/16		116
	32,771		FGLMC	5.500		05/01/17		35,544
	64,769		FGLMC	5.500		06/01/17		69,839
	40,593		FGLMC	5.000		12/01/17		43,592
	33,027		FGLMC	5.500		12/01/17		35,595
	51,741		FGLMC	5.000		03/01/18		55,438
	163,593		FGLMC	5.000		04/01/18		175,243
	152,992		FGLMC	4.500		06/01/18		163,615
	310,183		FGLMC	4.500		09/01/18		336,181
	277,097		FGLMC	4.000		11/01/18		294,824
	357,179		FGLMC	4.500		01/01/19		388,901
	55,972		FGLMC	4.000		05/01/19		59,728
	443,320		FGLMC	4.500		05/01/19		473,826
	996,710		FGLMC	4.500		06/01/19		1,065,298
	253,515		FGLMC	4.000		10/01/19		270,524
	100,391		FGLMC	5.500		11/01/19		109,891
	658,081		FGLMC	4.500		12/01/19		703,366
	146,010		FGLMC	4.500		01/01/20		156,058
	63,324		FGLMC	4.500		02/01/20		68,632
	3,470,372		FGLMC	4.500		02/01/20		3,714,607
	649,260		FGLMC	5.000		05/01/20		701,076
	663,556		FGLMC	5.000		05/01/20		712,572
	56,017		FGLMC	4.500		07/01/20		60,597
	642,128		FGLMC	5.000		07/01/20		689,561
	7,834		FGLMC	7.000		10/01/20		9,154
	55,397		FGLMC	5.000		12/01/20		59,489
	1,264,645		FGLMC	4.500		06/01/21		1,350,880
	711,018		FGLMC	4.500		06/01/21		759,502
	566,058		FGLMC	5.000		07/01/21		608,492
	82,234		FGLMC	5.500		07/01/21		89,733
	55,810		FGLMC	5.000		10/01/22		59,828
	44,123		FGLMC	6.000		11/01/22		48,478
	419,375		FGLMC	5.000		04/01/23		448,912
	32,311		FGLMC	4.500		05/01/23		34,383
	644,114		FGLMC	4.500		05/01/23		685,419
	317,382		FGLMC	5.000		05/01/23		341,174
	556,096		FGLMC	5.500		05/01/23		606,810
	94,882		FGLMC	5.000		10/01/23		101,564
	69,876		FGLMC	5.500		10/01/23		76,689
	64,458		FGLMC	5.000		11/01/23		70,479
	138,648		FGLMC	5.000		03/01/24		151,598
	40,435		FGLMC	4.500		04/01/24		42,996
	17,988		FGLMC	4.500		05/01/24		19,127
	116,579		FGLMC	4.500		06/01/24		123,964
	518,560		FGLMC	4.000		07/01/24		548,330

132

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$337,977		FGLMC	5.500	%	07/01/24	$	369,962
	1,171,655		FGLMC	4.000		08/01/24		1,238,918
	71,977		FGLMC	4.500		09/01/24		76,537
	33,640		FGLMC	4.500		09/01/24		35,770
	178,146		FGLMC	4.500		09/01/24		189,430
	32,499		FGLMC	5.500		09/01/24		35,647
	1,340,907		FGLMC	4.000		10/01/24		1,417,887
	87,050		FGLMC	4.500		10/01/24		94,259
	40,680		FGLMC	4.500		10/01/24		43,257
	51,694		FGLMC	4.500		11/01/24		54,968
	85,697		FGLMC	4.500		12/01/24		91,125
	399,858		FGLMC	5.500		12/01/24		436,324
	68,604		FGLMC	4.500		02/01/25		72,961
	1,843,779		FGLMC	4.000		03/01/25		1,949,628
	48,143		FGLMC	4.500		06/01/25		51,192
	85,056		FGLMC	4.500		07/01/25		90,458
	1,109,247		FGLMC	4.000		10/01/25		1,172,927
	2,656,596		FGLMC	3.500		11/01/25		2,795,867
	1,689,252		FGLMC	3.500		11/01/25		1,777,811
	723,399		FGLMC	3.500		12/01/25		761,322
	421,398		FGLMC	3.000		01/01/26		441,534
	522,455		FGLMC	4.000		04/01/26		553,102
	918,323		FGLMC	4.000		05/01/26		972,190
	214,390		FGLMC	5.500		07/01/26		234,222
	2,842,567		FGLMC	4.000		08/01/26		3,009,308
	25,807		FGLMC	6.000		08/01/26		28,339
	752,709		FGLMC	3.000		09/01/26		788,678
	3,439,390		FGLMC	3.500		10/01/26		3,619,698
	109,306		FGLMC	5.000		10/01/26		119,242
	35,858		FGLMC	5.500		10/01/26		39,175
	9,705,649		FGLMC	3.000		02/01/27		10,169,440
	4,977,363	m	FGLMC	2.500		05/01/27		5,127,328
	370,728		FGLMC	6.000		12/01/27		406,862
	639,842		FGLMC	5.000		03/01/28		687,707
	57,439		FGLMC	5.500		05/01/28		62,501
	463		FGLMC	6.500		10/01/28		530
	493,249		FGLMC	5.500		01/01/29		537,027
	8,516		FGLMC	6.500		01/01/29		9,743
	118,316		FGLMC	4.000		02/01/29		127,436
	2,376		FGLMC	6.500		03/01/29		2,718
	270,653		FGLMC	4.500		04/01/29		289,346
	67,318		FGLMC	6.500		05/01/29		77,019
	18,568		FGLMC	6.500		07/01/29		21,244
	104,848		FGLMC	5.000		12/01/29		113,002
	168,813		FGLMC	4.000		08/01/30		181,826
	840,970		FGLMC	4.500		01/01/31		902,734
	1,521		FGLMC	8.000		01/01/31		1,869
	845,647		FGLMC	4.000		03/01/31		910,830
	106,537		FGLMC	4.000		05/01/31		114,748
	850,615		FGLMC	4.500		05/01/31		935,713
	376,903		FGLMC	4.000		06/01/31		405,955
	1,213,328		FGLMC	4.000		08/01/31		1,306,851

133

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$915,303	FGLMC	4.000	%	09/01/31	$	985,854
	15,895	FGLMC	6.500		09/01/31		18,107
	25,941	FGLMC	8.000		09/01/31		32,180
	457,000	FGLMC	3.500		11/01/31		483,534
	154,540	FGLMC	7.000		12/01/31		184,125
	77,730	FGLMC	6.500		01/01/32		88,542
	196,494	FGLMC	6.000		02/01/32		220,313
	4,949,615	FGLMC	3.000		03/01/32		5,135,092
	63,749	FGLMC	7.000		04/01/32		75,953
	55,435	FGLMC	6.500		05/01/32		63,423
	72,471	FGLMC	5.500		11/01/32		79,515
	75,749	FGLMC	6.000		02/01/33		84,932
	308,952	FGLMC	5.000		03/01/33		334,285
	147,754	FGLMC	6.000		03/01/33		165,664
	54,214	FGLMC	6.000		03/01/33		60,786
	388,729	FGLMC	6.000		03/01/33		435,850
	135,900	FGLMC	5.000		04/01/33		147,043
	31,851	FGLMC	6.000		04/01/33		35,712
	1,878,762	FGLMC	5.000		06/01/33		2,030,628
	741,337	FGLMC	5.500		06/01/33		812,464
	272,142	FGLMC	4.500		07/01/33		291,364
	380,170	FGLMC	5.000		08/01/33		414,490
	41,389	FGLMC	5.000		08/01/33		44,783
	66,568	FGLMC	6.500		08/01/33		75,828
	679,725	FGLMC	5.000		09/01/33		756,169
	221,318	FGLMC	5.500		09/01/33		244,972
	291,658	FGLMC	5.500		09/01/33		322,831
	165,349	FGLMC	5.500		09/01/33		181,214
	262,429	FGLMC	5.500		09/01/33		292,610
	127,300	FGLMC	4.000		10/01/33		135,819
	74,610	FGLMC	5.000		10/01/33		80,727
	373,945	FGLMC	5.500		10/01/33		413,912
	544,965	FGLMC	5.500		12/01/33		597,932
	146,068	FGLMC	5.500		12/01/33		160,082
	1,161,050	FGLMC	7.000		12/01/33		1,383,323
	1,369,557	FGLMC	5.000		01/01/34		1,481,852
	35,768	FGLMC	5.500		02/01/34		39,200
	212,209	FGLMC	5.000		03/01/34		229,376
	232,024	FGLMC	5.500		03/01/34		255,732
	469,111	FGLMC	5.000		05/01/34		507,062
	229,808	FGLMC	4.500		06/01/34		246,039
	759,378	FGLMC	5.000		06/01/34		820,811
	142,531	FGLMC	5.500		06/01/34		156,028
	90,418	FGLMC	6.000		06/01/34		101,378
	279,098	FGLMC	6.000		09/01/34		309,179
	46,201	FGLMC	5.000		11/01/34		49,795
	2,336,688	FGLMC	5.500		11/01/34		2,557,956
	1,289,659	FGLMC	5.000		12/01/34		1,393,993
	217,837	FGLMC	5.500		12/01/34		238,737
	96,199	FGLMC	5.500		12/01/34		105,379
	15,289	FGLMC	5.500		01/01/35		16,737
	110,357	FGLMC	5.500		01/01/35		120,807

134

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$24,842		FGLMC	5.500	%	01/01/35	$	27,195
	668,576		FGLMC	4.500		04/01/35		715,798
	240,762	i	FGLMC	4.988		04/01/35		257,896
	76,370		FGLMC	6.000		05/01/35		84,147
	454,065		FGLMC	6.000		05/01/35		503,713
	470,405		FGLMC	7.000		05/01/35		560,460
	154,008		FGLMC	5.500		06/01/35		168,592
	90,189		FGLMC	5.500		06/01/35		98,729
	2,793,482		FGLMC	5.000		07/01/35		3,011,181
	126,181		FGLMC	5.000		07/01/35		136,015
	83,115		FGLMC	6.000		07/01/35		91,579
	136,356		FGLMC	5.000		08/01/35		146,983
	58,960		FGLMC	5.500		08/01/35		64,500
	240,522		FGLMC	6.000		08/01/35		265,018
	65,221		FGLMC	4.500		09/01/35		69,777
	491,899		FGLMC	5.000		10/01/35		538,319
	508,143		FGLMC	5.000		10/01/35		547,743
	117,168		FGLMC	5.000		10/01/35		126,299
	2,068,272		FGLMC	5.500		10/01/35		2,266,708
	77,061		FGLMC	5.000		12/01/35		83,066
	419,879		FGLMC	5.000		12/01/35		452,600
	176,020		FGLMC	6.000		01/01/36		193,451
	141,423		FGLMC	5.000		02/01/36		152,445
	69,086		FGLMC	5.000		02/01/36		74,470
	91,712		FGLMC	6.000		02/01/36		101,052
	849,552		FGLMC	5.500		04/01/36		933,662
	90,763		FGLMC	5.500		05/01/36		99,357
	33,452		FGLMC	6.500		05/01/36		37,562
	3,404,018		FGLMC	6.000		06/01/36		3,741,118
	550,089		FGLMC	5.000		07/01/36		592,013
	365,629		FGLMC	6.000		07/01/36		405,036
	111,961		FGLMC	6.000		08/01/36		123,048
	91,506		FGLMC	6.000		09/01/36		101,569
	230,988		FGLMC	6.500		10/01/36		259,366
	150,476		FGLMC	5.500		11/01/36		164,020
	352,173		FGLMC	6.000		11/01/36		387,048
	1,908,207		FGLMC	6.000		12/01/36		2,097,177
	227,122	i	FGLMC	5.822		01/01/37		246,457
	853,317		FGLMC	6.000		03/01/37		937,821
	208,273		FGLMC	6.500		03/01/37		234,772
	1,182,570		FGLMC	5.500		04/01/37		1,286,791
	883,113	i	FGLMC	5.638		04/01/37		956,722
	154,093		FGLMC	5.000		05/01/37		165,644
	82,876		FGLMC	5.000		06/01/37		89,089
	624,951		FGLMC	5.500		06/01/37		680,028
	588,874	i	FGLMC	5.595		06/01/37		634,695
	2,267,399		FGLMC	6.000		07/01/37		2,488,397
	461,011		FGLMC	6.000		08/01/37		510,814
	193,780		FGLMC	6.000		09/01/37		214,968
	2,342,768		FGLMC	5.500		10/01/37		2,567,540
	105,170		FGLMC	6.000		11/01/37		115,420
	770,867		FGLMC	6.500		11/01/37		865,573

135

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$331,693		FGLMC	6.000	%	01/01/38	$	364,022
	1,399,776		FGLMC	6.000		02/01/38		1,536,209
	130,591		FGLMC	6.000		02/01/38		143,319
	1,158,329		FGLMC	5.000		03/01/38		1,245,160
	110,553		FGLMC	5.000		04/01/38		122,468
	1,372,882		FGLMC	5.000		04/01/38		1,505,400
	2,422,116		FGLMC	5.500		04/01/38		2,648,446
	573,647		FGLMC	5.500		05/01/38		623,665
	207,365	i	FGLMC	4.819		06/01/38		222,237
	63,642		FGLMC	5.500		06/01/38		69,191
	183,037		FGLMC	6.000		07/01/38		200,877
	210,022		FGLMC	5.500		08/01/38		229,647
	743,893		FGLMC	5.500		08/01/38		810,847
	253,077		FGLMC	5.000		09/01/38		272,048
	899,322		FGLMC	5.500		09/01/38		983,638
	3,469,560		FGLMC	5.500		09/01/38		3,772,081
	40,253		FGLMC	5.500		10/01/38		43,763
	1,335,577		FGLMC	6.000		11/01/38		1,465,752
	74,937		FGLMC	4.500		02/01/39		80,066
	3,460,332		FGLMC	5.000		02/01/39		3,719,727
	241,345		FGLMC	5.500		02/01/39		262,389
	49,134		FGLMC	4.500		03/01/39		52,497
	875,627		FGLMC	5.000		03/01/39		960,146
	203,788		FGLMC	6.000		03/01/39		223,651
	136,415		FGLMC	4.500		04/01/39		149,703
	6,556,499		FGLMC	4.500		04/01/39		7,134,326
	2,499,378		FGLMC	4.000		05/01/39		2,654,149
	614,872		FGLMC	4.500		05/01/39		672,135
	4,893,886		FGLMC	4.500		05/01/39		5,228,838
	1,304,285		FGLMC	4.500		05/01/39		1,393,554
	52,135		FGLMC	4.500		05/01/39		55,703
	948,484		FGLMC	5.000		05/01/39		1,020,770
	2,245,676		FGLMC	4.000		06/01/39		2,384,736
	532,027		FGLMC	4.500		06/01/39		568,441
	215,087		FGLMC	5.000		06/01/39		235,848
	113,919		FGLMC	5.500		06/01/39		123,851
	2,820,451		FGLMC	4.000		07/01/39		2,995,103
	90,259		FGLMC	4.500		07/01/39		96,437
	178,366		FGLMC	4.500		07/01/39		190,574
	1,210,793		FGLMC	4.500		07/01/39		1,293,663
	656,660		FGLMC	5.000		07/01/39		705,885
	1,854,920		FGLMC	5.500		07/01/39		2,018,395
	87,527		FGLMC	4.500		08/01/39		93,517
	244,145		FGLMC	5.000		08/01/39		262,447
	813,132		FGLMC	4.000		09/01/39		863,484
	1,553,906		FGLMC	5.000		09/01/39		1,703,896
	39,547		FGLMC	5.500		09/01/39		43,082
	4,745,313		FGLMC	6.500		09/01/39		5,328,301
	772,923		FGLMC	4.500		10/01/39		825,824
	246,432		FGLMC	4.500		10/01/39		271,230
	189,912		FGLMC	4.500		10/01/39		209,023
	135,922		FGLMC	4.000		11/01/39		144,338

136

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$617,394		FGLMC	4.500	%	11/01/39	$	659,651
	69,396		FGLMC	5.000		11/01/39		74,598
	185,166		FGLMC	5.000		11/01/39		199,047
	1,916,426		FGLMC	4.500		12/01/39		2,094,904
	1,090,435		FGLMC	4.500		12/01/39		1,165,068
	587,603		FGLMC	4.500		12/01/39		642,327
	443,267		FGLMC	4.500		12/01/39		473,606
	1,420,168		FGLMC	5.500		12/01/39		1,545,328
	1,250,905		FGLMC	4.500		01/01/40		1,336,521
	70,893		FGLMC	5.000		01/01/40		77,736
	253,387		FGLMC	5.500		01/01/40		275,481
	580,688		FGLMC	5.500		03/01/40		631,864
	139,346		FGLMC	4.500		04/01/40		152,324
	831,355		FGLMC	4.500		04/01/40		889,295
	1,136,013		FGLMC	5.000		04/01/40		1,232,813
	470,700		FGLMC	5.000		04/01/40		510,104
	13,876,722		FGLMC	4.500		05/01/40		14,826,485
	7,600,502		FGLMC	5.000		05/01/40		8,236,758
	28,078		FGLMC	4.500		06/01/40		30,035
	4,348,254	h	FGLMC	5.500		06/01/40		4,753,073
	824,352	i	FGLMC	3.354		07/01/40		867,249
	130,222		FGLMC	4.500		08/01/40		139,297
	1,183,563		FGLMC	5.000		08/01/40		1,282,642
	232,603		FGLMC	5.000		08/01/40		252,075
	2,314,312		FGLMC	5.000		08/01/40		2,521,988
	1,716,175		FGLMC	4.000		09/01/40		1,823,519
	6,339,536		FGLMC	4.000		12/01/40		6,799,460
	1,673,266		FGLMC	3.500		01/01/41		1,757,344
	542,604		FGLMC	3.500		01/01/41		569,869
	1,354,241		FGLMC	4.000		01/01/41		1,438,947
	1,158,531		FGLMC	3.500		02/01/41		1,216,744
	1,862,407		FGLMC	4.000		02/01/41		1,980,062
	5,650,210		FGLMC	4.000		02/01/41		6,003,622
	7,584,841		FGLMC	4.000		04/01/41		8,064,002
	1,919,181		FGLMC	4.500		04/01/41		2,055,933
	455,441		FGLMC	5.000		04/01/41		494,136
	162,210	i	FGLMC	2.590		05/01/41		169,182
	2,755,071		FGLMC	4.500		06/01/41		2,951,385
	857,545	i	FGLMC	2.890		09/01/41		897,624
	220,832	i	FGLMC	3.059		10/01/41		231,454
	4,152,384		FGLMC	3.500		10/01/41		4,361,033
	4,312,137		FGLMC	5.000		10/01/41		4,691,273
	4,954,722		FGLMC	3.500		04/01/42		5,203,686
	9,000,000	h	FGLMC	4.000		05/01/42		9,652,937
	1,983,186		FGLMC	4.500		05/01/41		2,124,499
	1,890		Federal National Mortgage Association (FNMA)	5.000		06/01/13		1,965
	544,630		FNMA	4.440		07/01/13		555,658
	982		FNMA	6.000		09/01/13		995
	586,195		FNMA	4.754		10/01/13		585,976
	809		FNMA	6.500		12/01/13		830
	472,290		FNMA	4.778		02/01/14		490,882
	686,406		FNMA	4.640		11/01/14		731,368

137

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$352,246	FNMA	4.870	%	03/01/16	$	357,687
	66,254	FNMA	6.000		04/01/16		71,581
	68,533	FNMA	5.500		09/01/16		74,473
	5,729	FNMA	6.500		10/01/16		6,150
	44,522	FNMA	6.500		11/01/16		47,796
	31,021	FNMA	6.500		04/01/17		33,710
	26,654	FNMA	6.000		05/01/17		29,322
	149,078	FNMA	5.000		09/01/17		161,412
	25,378	FNMA	6.000		11/01/17		27,332
	1,762,450	FNMA	5.000		12/01/17		1,908,270
	275,531	FNMA	5.000		12/01/17		298,328
	20,719	FNMA	5.000		12/01/17		22,433
	2,392,463	FNMA	5.000		01/01/18		2,590,409
	2,216,909	FNMA	4.500		02/01/18		2,387,131
	300,800	FNMA	4.500		04/01/18		323,896
	60,889	FNMA	5.000		04/01/18		65,927
	40,758	FNMA	5.500		04/01/18		44,661
	454,085	FNMA	5.500		04/01/18		497,419
	25,103	FNMA	5.500		05/01/18		27,507
	643,162	FNMA	4.500		06/01/18		692,547
	978,110	FNMA	4.000		08/01/18		1,047,864
	84,566	FNMA	4.000		08/01/18		90,596
	256,451	FNMA	4.500		09/01/18		276,142
	177,021	FNMA	4.500		10/01/18		190,614
	455,955	FNMA	5.000		11/01/18		493,680
	10,153	FNMA	5.000		01/01/19		10,993
	24,090	FNMA	6.000		01/01/19		26,487
	55,421	FNMA	4.500		05/01/19		59,642
	142,860	FNMA	4.500		06/01/19		153,740
	23,620	FNMA	4.500		06/01/19		25,419
	161,366	FNMA	5.000		07/01/19		174,717
	647,675	FNMA	5.000		10/01/19		701,262
	99,775	FNMA	4.500		11/01/19		107,374
	83,793	FNMA	4.500		12/01/19		90,174
	99,818	FNMA	5.000		03/01/20		108,077
	31,959	FNMA	5.000		04/01/20		34,608
	67,497	FNMA	4.500		06/01/20		72,470
	47,380	FNMA	4.500		09/01/20		50,988
	48,009	FNMA	4.500		10/01/20		51,635
	69,562	FNMA	4.500		11/01/20		74,860
	183,807	FNMA	5.000		12/01/20		199,043
	437,758	FNMA	5.500		01/01/21		475,704
	158,397	FNMA	5.000		03/01/21		171,503
	1,094,839	FNMA	6.000		04/01/21		1,188,178
	123,492	FNMA	5.500		08/01/21		135,046
	34,093	FNMA	6.000		08/01/21		37,484
	22,096	FNMA	5.000		10/01/21		23,928
	55,319	FNMA	5.000		11/01/21		59,896
	28,563	FNMA	5.500		11/01/21		31,235
	69,044	FNMA	5.500		10/01/22		75,503
	27,625	FNMA	6.000		10/01/22		30,372
	21,841	FNMA	5.000		03/01/23		23,587

138

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$78,018	FNMA	4.500	%	04/01/23	$	83,691
	622,332	FNMA	4.500		06/01/23		667,588
	52,753	FNMA	5.000		06/01/23		56,912
	48,777	FNMA	5.500		06/01/23		53,655
	550,443	FNMA	5.000		07/01/23		593,835
	260,768	FNMA	5.000		07/01/23		281,324
	61,928	FNMA	5.500		08/01/23		67,722
	90,303	FNMA	5.000		11/01/23		99,281
	31,150	FNMA	5.500		11/01/23		34,123
	1,287,610	FNMA	5.500		01/01/24		1,408,075
	78,666	FNMA	5.500		02/01/24		86,681
	550,107	FNMA	4.000		03/01/24		585,384
	38,727	FNMA	4.500		04/01/24		41,537
	878,188	FNMA	4.000		05/01/24		934,504
	2,279,086	FNMA	4.000		05/01/24		2,425,238
	47,485	FNMA	4.000		06/01/24		50,530
	52,335	FNMA	4.500		07/01/24		57,237
	44,262	FNMA	5.500		07/01/24		48,716
	671	FNMA	8.000		07/01/24		804
	265,118	FNMA	4.500		08/01/24		284,357
	1,026,110	FNMA	4.000		09/01/24		1,091,912
	213,530	FNMA	4.000		09/01/24		227,223
	143,509	FNMA	4.500		09/01/24		153,923
	118,377	FNMA	5.000		01/01/25		129,923
	251,040	FNMA	4.500		02/01/25		269,257
	39,048	FNMA	4.500		03/01/25		41,882
	1,713,326	FNMA	4.500		03/01/25		1,837,653
	539,913	FNMA	5.000		03/01/25		592,578
	1,483,964	FNMA	4.500		04/01/25		1,591,648
	438,881	FNMA	4.500		04/01/25		470,728
	1,834,189	FNMA	4.000		06/01/25		1,951,810
	1,623,718	FNMA	4.500		06/01/25		1,741,542
	666,270	FNMA	4.000		08/01/25		708,996
	237,622	FNMA	5.500		08/01/25		260,643
	2,854,267	FNMA	3.500		09/01/25		3,019,064
	3,156,212	FNMA	4.000		09/01/25		3,358,611
	3,960,573	FNMA	3.500		10/01/25		4,189,244
	1,161,589	FNMA	5.000		10/01/25		1,270,538
	2,041,781	FNMA	4.000		11/01/25		2,172,715
	2,836,937	FNMA	3.500		12/01/25		3,000,733
	717,597	FNMA	4.000		03/01/26		764,062
	1,845,938	FNMA	4.000		06/01/26		1,965,466
	1,497,928	FNMA	3.500		08/01/26		1,584,414
	1,276,231	FNMA	3.500		09/01/26		1,349,917
	780,756	FNMA	4.000		09/01/26		831,312
	2,024,777	FNMA	3.500		10/01/26		2,141,682
	46,106	FNMA	6.000		10/01/26		50,780
	2,358,519	FNMA	3.000		11/01/26		2,474,094
	3,497,263	FNMA	3.000		04/01/27		3,670,279
	5,593,897	FNMA	3.000		04/01/27		5,870,638
	2,464,406	FNMA	3.500		05/01/27		2,606,694
	2,489,112	FNMA	2.500		06/01/27		2,569,552

139

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$4,984,709		FNMA	3.000	%	06/01/27	$	5,231,312
	437,889		FNMA	6.000		08/01/27		482,005
	169,623		FNMA	5.500		09/01/27		185,421
	22,078		FNMA	5.500		01/01/28		24,135
	18,704		FNMA	5.000		02/01/28		20,412
	965,645	h	FNMA	5.000		05/01/28		1,047,766
	106,302		FNMA	5.500		06/01/28		116,136
	18,643		FNMA	5.500		11/01/28		20,368
	59		FNMA	7.500		01/01/29		71
	144,605		FNMA	4.000		03/01/29		155,728
	632,932		FNMA	4.500		04/01/29		680,702
	1,106		FNMA	6.500		04/01/29		1,271
	354,136		FNMA	4.000		05/01/29		381,378
	232,860		FNMA	4.500		06/01/29		250,289
	58,159		FNMA	4.000		07/01/29		62,632
	3,710		FNMA	7.500		07/01/29		3,870
	329		FNMA	7.500		07/01/29		330
	1,101,180		FNMA	4.500		08/01/29		1,183,603
	169,308		FNMA	4.500		09/01/29		181,980
	84,722		FNMA	4.500		11/01/29		91,064
	52,409		FNMA	4.500		01/01/30		56,332
	160,215		FNMA	4.000		03/01/30		172,539
	62,431		FNMA	4.500		05/01/30		67,377
	82,414		FNMA	4.500		06/01/30		88,943
	731,688		FNMA	4.500		08/01/30		789,656
	164,991		FNMA	4.000		09/01/30		177,682
	896,795		FNMA	4.000		10/01/30		965,779
	1,149,207		FNMA	4.000		11/01/30		1,237,608
	284,392		FNMA	4.500		12/01/30		306,923
	342,168		FNMA	3.500		02/01/31		362,048
	425,463		FNMA	4.000		02/01/31		458,191
	296		FNMA	7.500		02/01/31		315
	2,545		FNMA	7.500		03/01/31		3,108
	883,334		FNMA	3.500		04/01/31		934,654
	120,587		FNMA	4.000		04/01/31		129,863
	16,256		FNMA	6.000		05/01/31		18,305
	1,406		FNMA	7.500		05/01/31		1,540
	2,803,333	h	FNMA	4.500		07/01/31		3,139,520
	644,359		FNMA	4.500		07/01/31		711,387
	4,240,608	h	FNMA	4.000		08/01/31		4,566,810
	288,862		FNMA	4.000		09/01/31		311,082
	1,710		FNMA	6.500		09/01/31		1,958
	128,934		FNMA	6.000		11/01/31		145,188
	15,266		FNMA	6.500		11/01/31		17,474
	1,449,400		FNMA	3.500		01/01/32		1,533,608
	52,586		FNMA	6.000		01/01/32		59,215
	27,925		FNMA	6.000		01/01/32		31,470
	35,040		FNMA	6.000		02/01/32		39,458
	101,225		FNMA	6.500		04/01/32		116,858
	259,080		FNMA	6.500		07/01/32		296,557
	25,614		FNMA	6.500		08/01/32		29,320
	370,153		FNMA	6.000		09/01/32		416,815

140

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$35,682	FNMA	7.500	%	09/01/32	$	43,680
	313,072	FNMA	5.500		10/01/32		344,381
	93,153	FNMA	6.000		10/01/32		104,896
	78,598	FNMA	6.000		11/01/32		88,506
	17,621	FNMA	5.500		12/01/32		19,383
	128,688	FNMA	5.500		12/01/32		141,557
	140,339	FNMA	6.000		12/01/32		158,030
	745,646	FNMA	5.500		01/01/33		820,214
	1,658,228	FNMA	6.000		01/01/33		1,849,728
	44,778	FNMA	5.000		02/01/33		48,726
	873,098	FNMA	5.000		02/01/33		950,077
	33,707	FNMA	6.000		04/01/33		37,956
	5,847,813	FNMA	5.500		05/01/33		6,428,970
	320,944	FNMA	5.000		06/01/33		348,788
	643,188	FNMA	5.500		06/01/33		707,108
	89,498	FNMA	4.500		07/01/33		96,323
	352,391	FNMA	5.000		07/01/33		383,461
	275,771	FNMA	4.500		08/01/33		296,800
	510,988	FNMA	4.500		08/01/33		549,953
	176,681	FNMA	5.000		08/01/33		192,259
	445,066	FNMA	5.500		09/01/33		491,522
	195,454	FNMA	5.500		09/01/33		215,856
	90,868	FNMA	6.000		09/01/33		102,322
	921,262	FNMA	4.500		10/01/33		991,514
	136,457	FNMA	5.000		10/01/33		148,489
	180,250	FNMA	5.000		10/01/33		196,142
	2,132,089	FNMA	5.500		10/01/33		2,384,619
	1,157,915	FNMA	5.500		10/01/33		1,286,377
	76,005	FNMA	4.500		11/01/33		81,801
	3,951,465	FNMA	5.000		11/01/33		4,299,858
	150,354	FNMA	5.000		11/01/33		163,610
	1,447,755	FNMA	5.000		12/01/33		1,575,401
	1,352,560	FNMA	5.500		12/01/33		1,502,617
	493,243	FNMA	5.000		02/01/34		536,732
	1,753,495	FNMA	6.000		02/01/34		1,974,543
	46,217	FNMA	5.000		03/01/34		50,291
	153,811	FNMA	5.000		03/01/34		167,372
	73,700	FNMA	5.000		03/01/34		80,198
	54,189	FNMA	5.000		03/01/34		58,966
	3,030,756	FNMA	5.000		03/01/34		3,297,972
	124,127	FNMA	5.000		03/01/34		135,071
	446,217	FNMA	5.000		04/01/34		485,280
	472,772	FNMA	5.500		04/01/34		519,756
	43,053	FNMA	4.500		05/01/34		46,336
	213,187	FNMA	4.500		05/01/34		229,311
	102,341	FNMA	5.500		07/01/34		112,448
	148,646	FNMA	5.500		07/01/34		163,325
	107,042	FNMA	7.000		07/01/34		127,179
	162,045	FNMA	5.000		08/01/34		176,743
	1,321,547	FNMA	5.000		08/01/34		1,435,053
	620,694	FNMA	6.000		08/01/34		698,940
	116,466	FNMA	6.000		08/01/34		131,148

141

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$74,848		FNMA	4.500	%	09/01/34	$	80,509
	2,631,151		FNMA	5.500		09/01/34		2,890,991
	22,004		FNMA	5.500		11/01/34		24,177
	179,334		FNMA	6.000		11/01/34		200,147
	40,259		FNMA	5.000		12/01/34		43,809
	26,657		FNMA	5.500		12/01/34		29,290
	61,889		FNMA	6.000		12/01/34		69,381
	3,498,398		FNMA	4.500		01/01/35		3,765,170
	338,967		FNMA	5.500		01/01/35		374,137
	340,085		FNMA	5.500		02/01/35		373,670
	8,140,891		FNMA	5.500		02/01/35		8,949,936
	2,090,804		FNMA	5.500		04/01/35		2,322,763
	313,818		FNMA	6.000		04/01/35		350,240
	265,516		FNMA	6.000		04/01/35		298,426
	322,791		FNMA	5.500		05/01/35		355,425
	429,842		FNMA	6.000		05/01/35		478,924
	143,715		FNMA	5.000		06/01/35		156,741
	8,206		FNMA	7.500		06/01/35		9,114
	14,409	i	FNMA	4.619		07/01/35		15,513
	334,162		FNMA	5.000		07/01/35		368,742
	849,245		FNMA	4.500		08/01/35		912,412
	616,056		FNMA	5.000		08/01/35		668,448
	1,405,177		FNMA	5.000		08/01/35		1,524,678
	42,528		FNMA	4.500		09/01/35		45,691
	40,974		FNMA	4.500		09/01/35		44,098
	85,954		FNMA	5.500		09/01/35		94,496
	1,202,645		FNMA	5.000		10/01/35		1,304,922
	1,286,041		FNMA	5.500		10/01/35		1,426,186
	90,742		FNMA	5.000		11/01/35		97,807
	1,784,665		FNMA	5.500		11/01/35		1,957,564
	27,745		FNMA	4.500		12/01/35		29,808
	139,996		FNMA	5.500		12/01/35		153,557
	835,321		FNMA	6.000		12/01/35		924,177
	402,900	i	FNMA	2.696		02/01/36		429,719
	80,944		FNMA	5.000		02/01/36		86,690
	48,707		FNMA	5.000		02/01/36		52,164
	3,515,202		FNMA	5.000		02/01/36		3,822,827
	289,417		FNMA	6.500		02/01/36		328,298
	2,267,020		FNMA	6.000		03/01/36		2,498,253
	43,182		FNMA	5.000		05/01/36		46,787
	2,271,333		FNMA	6.000		06/01/36		2,530,688
	206,166	i	FNMA	2.385		07/01/36		216,542
	176,668		FNMA	6.000		07/01/36		195,295
	1,269,718		FNMA	6.500		07/01/36		1,433,550
	2,863,142		FNMA	5.500		08/01/36		3,127,998
	892,715		FNMA	6.500		08/01/36		1,021,850
	89,242		FNMA	5.500		09/01/36		98,055
	211,470		FNMA	6.500		09/01/36		240,276
	97,672		FNMA	6.500		09/01/36		110,274
	292,648		FNMA	6.000		10/01/36		322,498
	117,271		FNMA	6.500		11/01/36		132,403
	50,690	i	FNMA	5.667		12/01/36		54,231

142

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$894,495		FNMA	6.000	%	12/01/36	$	985,733
	85,747	i	FNMA	2.785		01/01/37		91,807
	356,745		FNMA	5.500		01/01/37		389,746
	12,073	i	FNMA	2.256		02/01/37		12,758
	67,044		FNMA	6.000		02/01/37		73,883
	62,425		FNMA	7.000		02/01/37		72,655
	19,765	i	FNMA	2.798		03/01/37		21,168
	13,479		FNMA	5.000		03/01/37		14,591
	261,525		FNMA	6.500		03/01/37		295,269
	702,642		FNMA	6.500		03/01/37		798,355
	22,938	i	FNMA	5.543		04/01/37		24,791
	371,578		FNMA	7.000		04/01/37		432,473
	1,011,405		FNMA	5.000		05/01/37		1,094,889
	36,904		FNMA	7.000		05/01/37		42,952
	128,945	i	FNMA	5.264		06/01/37		139,065
	279,371		FNMA	5.500		06/01/37		304,865
	165,416		FNMA	5.500		08/01/37		181,751
	107,504		FNMA	6.000		08/01/37		118,536
	147,621		FNMA	6.500		08/01/37		167,868
	542,914		FNMA	6.500		08/01/37		616,868
	241,345		FNMA	5.500		09/01/37		268,121
	336,665		FNMA	6.000		09/01/37		376,791
	736,954		FNMA	6.000		09/01/37		824,789
	356,746		FNMA	6.000		09/01/37		393,134
	277,822		FNMA	6.000		09/01/37		310,934
	520,767		FNMA	6.000		09/01/37		582,835
	85,977		FNMA	6.500		09/01/37		97,334
	484,428		FNMA	6.500		09/01/37		550,416
	709,445	i	FNMA	5.890		10/01/37		753,759
	180,499		FNMA	6.500		10/01/37		203,789
	1,539,332		FNMA	5.500		11/01/37		1,679,804
	3,731,131		FNMA	6.000		11/01/37		4,111,702
	145,821		FNMA	7.000		11/01/37		169,719
	68,658		FNMA	6.500		01/01/38		77,517
	21,901		FNMA	6.500		01/01/38		24,727
	1,107,778		FNMA	5.500		02/01/38		1,208,869
	38,373		FNMA	6.500		02/01/38		43,713
	138,393		FNMA	7.000		02/01/38		161,073
	80,142		FNMA	5.000		03/01/38		86,758
	117,650		FNMA	5.000		03/01/38		127,361
	127,868	i	FNMA	5.043		03/01/38		136,432
	179,381		FNMA	5.500		03/01/38		195,750
	38,790		FNMA	6.000		03/01/38		43,425
	130,549		FNMA	6.500		03/01/38		147,108
	245,439		FNMA	6.500		03/01/38		276,571
	96,359		FNMA	6.500		03/01/38		108,582
	1,116,576		FNMA	6.500		03/01/38		1,258,205
	82,731		FNMA	5.000		04/01/38		89,560
	3,793,685		FNMA	5.500		04/01/38		4,139,879
	2,326,198		FNMA	6.000		04/01/38		2,558,379
	85,143		FNMA	4.500		05/01/38		91,370
	2,184,187		FNMA	5.000		05/01/38		2,364,477

143

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$6,839,139		FNMA	5.000	%	05/01/38	$	7,437,858
	2,408,277		FNMA	6.000		07/01/38		2,653,919
	34,357	i	FNMA	4.800		08/01/38		36,778
	18,738	i	FNMA	5.287		08/01/38		20,162
	186,042	i	FNMA	4.916		10/01/38		200,165
	31,705		FNMA	6.000		10/01/38		34,870
	278,507		FNMA	5.500		11/01/38		303,922
	51,482		FNMA	5.000		12/01/38		55,732
	1,274,254		FNMA	4.500		01/01/39		1,367,441
	1,816,407		FNMA	5.000		01/01/39		1,966,338
	418,995		FNMA	5.000		01/01/39		453,580
	4,391,523		FNMA	5.500		01/01/39		4,792,273
	921,236		FNMA	5.500		01/01/39		1,005,303
	307,379		FNMA	6.000		01/01/39		338,059
	556,448		FNMA	6.000		01/01/39		611,988
	3,139,198		FNMA	4.500		02/01/39		3,368,768
	1,566,634		FNMA	4.500		02/01/39		1,681,203
	1,837,114		FNMA	4.500		02/01/39		1,971,462
	66,133		FNMA	5.500		02/01/39		72,168
	2,724,999		FNMA	4.000		04/01/39		2,903,959
	69,104		FNMA	5.500		04/01/39		75,820
	1,610,528		FNMA	4.500		05/01/39		1,728,307
	217,029		FNMA	4.500		06/01/39		232,900
	94,794	i	FNMA	3.962		07/01/39		100,492
	718,567		FNMA	4.500		07/01/39		771,117
	335,551		FNMA	4.500		07/01/39		360,090
	67,648		FNMA	5.000		07/01/39		73,893
	127,611	i	FNMA	3.568		08/01/39		134,953
	500,088	i	FNMA	3.693		08/01/39		529,195
	7,907,116		FNMA	4.000		08/01/39		8,426,404
	1,110,697		FNMA	4.000		08/01/39		1,183,640
	3,978,692		FNMA	4.500		08/01/39		4,365,393
	2,094,559		FNMA	4.500		08/01/39		2,247,734
	73,532		FNMA	4.500		08/01/39		81,230
	70,188		FNMA	5.000		08/01/39		75,981
	7,148,195		FNMA	5.000		08/01/39		7,738,230
	2,614,830		FNMA	4.000		09/01/39		2,786,555
	172,058		FNMA	5.000		09/01/39		186,260
	855,512		FNMA	5.500		09/01/39		944,811
	4,871,493	h	FNMA	6.500		10/01/39		5,500,063
	112,945		FNMA	5.000		11/01/39		124,632
	3,490,595		FNMA	4.000		12/01/39		3,719,835
	12,970,802		FNMA	4.500		12/01/39		13,919,362
	274,119		FNMA	4.500		12/01/39		301,018
	1,019,129		FNMA	4.500		12/01/39		1,093,658
	151,334	i	FNMA	3.691		01/01/40		160,047
	182,177		FNMA	4.500		01/01/40		195,500
	246,189		FNMA	5.000		01/01/40		268,916
	3,073,817		FNMA	6.000		02/01/40		3,384,814
	964,576		FNMA	4.500		03/01/40		1,038,130
	2,486,179		FNMA	4.500		03/01/40		2,667,994
	110,030		FNMA	5.000		03/01/40		119,663

144

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$103,288		FNMA	4.500	%	04/01/40	$	111,164
	3,730,958		FNMA	5.000		04/01/40		4,038,923
	4,045,290		FNMA	5.000		04/01/40		4,399,427
	650,667	i	FNMA	3.503		05/01/40		686,096
	745,785	i	FNMA	3.602		05/01/40		785,961
	1,248,868	i	FNMA	3.715		05/01/40		1,318,944
	83,887		FNMA	4.500		05/01/40		92,040
	365,435		FNMA	4.500		07/01/40		393,302
	300,218		FNMA	4.500		07/01/40		323,112
	297,038		FNMA	5.000		07/01/40		323,042
	211,032	i	FNMA	3.518		08/01/40		221,338
	2,715,198		FNMA	4.500		08/01/40		2,913,760
	2,720,688		FNMA	5.000		08/01/40		2,958,866
	4,789,072		FNMA	4.500		09/01/40		5,154,265
	2,302,549		FNMA	4.500		09/01/40		2,478,131
	8,549,587	h	FNMA	6.000		09/01/40		9,421,635
	785,416		FNMA	3.500		10/01/40		826,383
	3,660,351		FNMA	4.000		10/01/40		3,901,883
	5,586,087		FNMA	4.500		10/01/40		6,012,056
	4,781,521		FNMA	3.500		11/01/40		5,030,928
	3,887,308		FNMA	4.000		11/01/40		4,143,816
	6,986,435		FNMA	4.000		11/01/40		7,447,442
	5,416,805		FNMA	4.000		11/01/40		5,774,238
	601,416		FNMA	4.500		11/01/40		652,623
	1,222,968	i	FNMA	3.264		12/01/40		1,284,085
	1,576,613		FNMA	4.000		12/01/40		1,680,648
	8,170,779		FNMA	4.500		12/01/40		8,793,845
	179,413		FNMA	3.500		01/01/41		188,771
	509,099	i	FNMA	3.156		02/01/41		533,094
	1,095,378		FNMA	3.500		02/01/41		1,152,513
	4,868,805		FNMA	4.000		03/01/41		5,190,079
	3,904,890		FNMA	4.500		04/01/41		4,202,658
	1,248,951		FNMA	4.500		05/01/41		1,346,532
	4,432,818		FNMA	4.500		06/01/41		4,779,155
	1,357,623	i	FNMA	3.239		07/01/41		1,427,093
	11,058,252		FNMA	4.000		09/01/41		11,791,398
	6,220,578		FNMA	4.500		09/01/41		6,706,594
	2,654,676	i	FNMA	2.934		10/01/41		2,784,503
	496,602	i	FNMA	3.153		10/01/41		521,455
	2,620,764		FNMA	3.500		11/01/41		2,757,464
	3,760,569		FNMA	4.000		12/01/41		4,009,889
	6,443,217	m	FNMA	3.500		03/01/42		6,795,407
	3,232,076		FNMA	3.500		04/01/42		3,427,933
	17,000,000	h	FNMA	3.500		06/01/42		17,929,230
	22,834		Government National Mortgage Association (GNMA)	5.000		02/15/18		24,563
	78,335		GNMA	4.500		02/15/19		84,937
	35,264		GNMA	4.500		01/20/24		38,076
	185,252		GNMA	4.000		04/15/24		199,795
	24,680		GNMA	4.500		07/15/24		26,671
	600,449		GNMA	4.000		08/15/24		647,586
	168,521		GNMA	4.500		08/15/24		182,119
	530,828		GNMA	4.000		09/15/24		572,499

145

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$66,225		GNMA	4.500	%	01/15/25	$	71,548
	543,222		GNMA	4.000		08/15/25		585,866
	301,490		GNMA	3.500		03/15/26		322,383
	432,907		GNMA	4.000		04/15/26		466,891
	344,380		GNMA	4.000		06/20/26		365,737
	507,557		GNMA	3.500		11/20/26		542,818
	1,920,805		GNMA	3.000		12/15/26		2,034,739
	4,876,813	h	GNMA	2.500		04/20/27		5,064,896
	2,072		GNMA	6.500		09/15/28		2,421
	11,033		GNMA	6.500		09/15/28		12,868
	5,388		GNMA	6.500		11/15/28		6,296
	1,372		GNMA	7.500		11/15/28		1,593
	9,677		GNMA	8.500		10/15/30		10,560
	7,034		GNMA	8.500		10/20/30		8,816
	1,079		GNMA	8.500		12/15/30		1,352
	1,335		GNMA	7.000		06/20/31		1,613
	1,087		GNMA	6.500		07/15/31		1,263
	5,829		GNMA	7.000		07/15/31		7,046
	3,932		GNMA	7.000		07/15/31		4,752
	5,204		GNMA	7.500		02/15/32		5,372
	596,854		GNMA	6.000		10/15/32		677,284
	97,238		GNMA	5.500		12/20/32		108,663
	196,014		GNMA	5.500		05/15/33		218,922
	37,491		GNMA	5.000		07/15/33		41,566
	170,882		GNMA	5.500		07/15/33		190,853
	32,721		GNMA	5.000		07/20/33		36,376
	204,478		GNMA	5.000		08/15/33		226,834
	76,919		GNMA	5.000		08/15/33		85,641
	444,518		GNMA	5.500		09/15/33		497,858
	407,111		GNMA	6.000		11/20/33		460,415
	179,910		GNMA	5.500		05/20/34		201,048
	273,271		GNMA	6.000		09/20/34		308,217
	26,630		GNMA	5.000		10/20/34		29,630
	732,009		GNMA	5.500		11/15/34		816,415
	218,209		GNMA	6.500		01/15/35		251,464
	139,993		GNMA	5.500		02/20/35		156,267
	2,996,529		GNMA	5.000		03/20/35		3,334,091
	942,363		GNMA	5.000		04/15/35		1,044,411
	1,001,372		GNMA	5.500		05/20/35		1,115,899
	42,541		GNMA	5.000		09/20/35		47,254
	33,682		GNMA	5.000		11/15/35		37,175
	45,780		GNMA	5.000		11/15/35		50,528
	330,596		GNMA	5.500		02/20/36		368,406
	36,963		GNMA	5.500		03/15/36		41,236
	121,965		GNMA	5.500		05/20/36		135,609
	30,610		GNMA	6.500		06/15/36		35,154
	1,208,218	h	GNMA	5.500		06/20/36		1,343,380
	51,039		GNMA	5.000		09/15/36		56,380
	59,692		GNMA	6.000		09/15/36		67,083
	104,062		GNMA	6.000		10/20/36		116,988
	53,752		GNMA	5.000		12/15/36		59,322
	66,528		GNMA	5.500		01/15/37		73,867

146

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$57,467		GNMA	6.000	%	01/20/37	$	64,605
	1,926,569		GNMA	5.500		02/15/37		2,139,083
	190,414		GNMA	6.000		02/20/37		214,066
	1,409,610		GNMA	6.000		04/15/37		1,585,433
	30,922		GNMA	6.500		04/15/37		35,513
	801,621		GNMA	6.000		04/20/37		899,064
	102,686		GNMA	6.000		06/15/37		115,401
	118,397		GNMA	6.000		08/20/37		132,789
	86,502		GNMA	6.500		08/20/37		99,021
	440,610		GNMA	6.500		11/20/37		504,375
	465,758		GNMA	6.000		12/15/37		523,428
	36,844		GNMA	5.000		02/20/38		40,718
	1,142,404		GNMA	5.000		04/15/38		1,257,666
	40,614		GNMA	5.500		05/20/38		45,107
	118,025		GNMA	5.500		06/15/38		131,671
	340,892		GNMA	6.000		06/20/38		382,330
	993,007		GNMA	5.500		07/15/38		1,102,543
	626,412		GNMA	5.500		07/20/38		695,705
	95,668		GNMA	5.500		08/15/38		106,221
	534,823		GNMA	6.000		08/15/38		601,045
	1,240,511		GNMA	6.000		08/15/38		1,394,111
	304,045		GNMA	6.000		08/20/38		341,004
	252,535		GNMA	5.000		10/15/38		278,015
	43,748		GNMA	5.500		10/15/38		48,998
	60,186		GNMA	6.500		10/20/38		68,971
	45,229		GNMA	6.500		10/20/38		51,775
	25,095		GNMA	5.500		11/15/38		27,863
	169,596		GNMA	6.500		11/20/38		194,141
	1,670,865		GNMA	6.000		12/15/38		1,877,751
	21,200		GNMA	6.500		12/15/38		24,315
	111,046		GNMA	5.000		01/15/39		122,372
	453,709		GNMA	6.500		01/20/39		519,370
	252,587		GNMA	5.000		02/15/39		278,348
	74,611		GNMA	6.000		02/15/39		83,850
	1,992,710		GNMA	4.500		03/15/39		2,182,629
	340,627		GNMA	4.500		03/15/39		373,091
	67,646		GNMA	4.500		03/20/39		74,559
	66,589	i	GNMA	5.000		03/20/39		70,802
	896,956		GNMA	5.500		03/20/39		996,177
	145,017		GNMA	4.500		04/15/39		158,838
	1,489,888		GNMA	5.500		04/15/39		1,662,148
	42,141		GNMA	5.000		04/20/39		46,572
	190,620		GNMA	4.000		05/15/39		208,831
	4,106,781		GNMA	4.500		05/15/39		4,498,187
	2,410,726	h	GNMA	5.000		05/15/39		2,656,591
	167,696		GNMA	4.000		05/20/39		183,180
	530,792		GNMA	4.500		05/20/39		585,039
	57,630		GNMA	4.500		06/15/39		63,122
	7,862,148		GNMA	4.500		06/15/39		8,611,466
	5,262,543		GNMA	5.000		06/15/39		5,828,039
	4,405,620		GNMA	5.000		06/15/39		4,879,034
	97,070		GNMA	5.000		06/15/39		106,970

147

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$196,546		GNMA	5.000	%	06/15/39	$	216,484
	87,283		GNMA	5.000		06/15/39		96,185
	82,893		GNMA	4.000		06/20/39		90,547
	61,696		GNMA	5.000		06/20/39		68,183
	222,494		GNMA	4.500		07/15/39		243,699
	126,834		GNMA	4.500		07/15/39		138,922
	81,875		GNMA	5.000		07/15/39		90,226
	931,216		GNMA	4.500		07/20/39		1,026,385
	862,536		GNMA	5.000		07/20/39		953,232
	77,727		GNMA	5.500		07/20/39		86,325
	351,470		GNMA	4.000		08/15/39		385,048
	1,537,015		GNMA	5.000		08/15/39		1,693,773
	98,322		GNMA	5.500		08/15/39		109,167
	175,023		GNMA	6.000		08/15/39		196,694
	218,028		GNMA	4.000		08/20/39		238,159
	251,624		GNMA	5.000		08/20/39		278,712
	148,229		GNMA	5.000		09/15/39		163,347
	338,636		GNMA	5.000		09/20/39		374,244
	98,023		GNMA	4.500		10/15/39		107,365
	48,621		GNMA	5.000		10/15/39		53,580
	91,909		GNMA	4.500		10/20/39		101,117
	128,096		GNMA	4.500		11/15/39		141,425
	132,450		GNMA	4.500		11/20/39		145,927
	163,819		GNMA	5.000		11/20/39		181,505
	224,672		GNMA	4.500		12/15/39		246,085
	5,153,998		GNMA	4.500		12/15/39		5,645,210
	128,568		GNMA	4.500		12/20/39		141,650
	5,005,173		GNMA	5.000		12/20/39		5,545,548
	4,268,709		GNMA	4.500		01/20/40		4,703,055
	63,333		GNMA	5.500		01/20/40		70,339
	2,981,938		GNMA	5.500		02/15/40		3,310,867
	252,178		GNMA	4.000		03/15/40		276,237
	82,150		GNMA	5.000		03/15/40		90,696
	76,528		GNMA	4.500		04/15/40		83,942
	1,452,883		GNMA	5.000		04/15/40		1,604,011
	189,554		GNMA	4.500		04/20/40		209,446
	34,681		GNMA	4.500		05/15/40		38,041
	878,009		GNMA	5.000		05/15/40		969,339
	1,794,258	i	GNMA	3.000		05/20/40		1,886,106
	40,410		GNMA	4.500		05/20/40		44,651
	102,097		GNMA	4.500		06/15/40		111,987
	13,956,434		GNMA	4.500		06/15/40		15,372,846
	94,129		GNMA	4.500		06/15/40		103,247
	907,411		GNMA	5.000		06/20/40		1,005,378
	563,862		GNMA	4.500		07/15/40		618,483
	2,322,603		GNMA	4.500		07/15/40		2,547,593
	6,486,103		GNMA	4.500		07/20/40		7,166,761
	202,350		GNMA	5.000		07/20/40		224,378
	1,367,451		GNMA	4.000		08/15/40		1,498,088
	4,200,184		GNMA	4.000		08/15/40		4,601,442
	361,927		GNMA	4.500		08/15/40		399,588
	506,581		GNMA	4.500		08/20/40		559,742

148

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$384,966		GNMA	4.500	%	09/20/40	$	425,364
	115,666		GNMA	5.500		09/20/40		128,461
	174,927		GNMA	6.500		09/20/40		201,445
	103,568		GNMA	4.000		10/15/40		113,632
	418,173		GNMA	6.000		10/20/40		471,357
	1,168,399		GNMA	4.000		11/15/40		1,280,020
	4,394,411		GNMA	4.000		11/20/40		4,808,399
	1,142,572		GNMA	3.500		12/15/40		1,225,439
	1,966,242		GNMA	5.500		12/20/40		2,183,464
	4,464,646		GNMA	4.000		01/15/41		4,888,843
	5,643,134		GNMA	4.000		01/20/41		6,174,762
	1,131,287		GNMA	4.000		02/15/41		1,237,595
	3,850,737		GNMA	4.500		02/20/41		4,252,781
	2,244,710		GNMA	4.500		03/15/41		2,460,693
	5,172,622		GNMA	4.500		04/20/41		5,712,682
	1,092,921		GNMA	5.000		04/20/41		1,211,600
	587,364	i	GNMA	4.000		06/20/41		625,838
	1,368,462		GNMA	4.000		07/15/41		1,497,058
	1,806,876		GNMA	4.000		07/20/41		1,977,099
	5,968,319		GNMA	4.500		07/20/41		6,572,357
	5,876,069		GNMA	5.000		07/20/41		6,491,595
	1,855,408		GNMA	4.500		08/15/41		2,029,922
	2,885,793		GNMA	5.000		08/20/41		3,199,157
	315,134	i	GNMA	3.000		09/20/41		332,210
	544,554		GNMA	4.000		10/15/41		595,726
	802,857	i	GNMA	2.500		10/20/41		837,381
	525,540	i	GNMA	3.500		10/20/41		558,519
	9,871,460		GNMA	4.000		10/20/41		10,801,405
	1,717,837		GNMA	5.500		10/20/41		1,907,863
	2,427,818		GNMA	3.500		11/15/41		2,600,865
	6,437,011	h	GNMA	5.000		11/20/41		7,126,179
	4,930,140		GNMA	3.500		01/20/42		5,276,736
	2,456,154	i	GNMA	3.000		02/20/42		2,591,926
	2,482,261		GNMA	3.500		03/20/42		2,656,768
	4,984,235		GNMA	3.500		05/20/42		5,342,423
	1,329,695		GNMA	6.500		01/15/44		1,457,754
			TOTAL MORTGAGE BACKED					1,008,938,416
MUNICIPAL BONDS - 1.0%
	300,000		American Municipal Power-Ohio, Inc	7.834		02/15/41		415,872
	500,000		American Municipal Power-Ohio, Inc	6.270		02/15/50		575,310
	500,000		Bay Area Toll Authority	6.263		04/01/49		666,555
	200,000		Central Puget Sound Regional Transit Authority	5.491		11/01/39		251,746
	150,000		Colorado Bridge Enterprise	6.078		12/01/40		194,766
	200,000		Commonwealth of Massachusetts	4.200		12/01/21		226,166
	500,000		Commonwealth of Massachusetts	5.731		06/01/40		657,575
	195,000		Commonwealth of Pennsylvania	5.850		07/15/30		223,400
	200,000		County of Clark NV	6.820		07/01/45		273,710
	200,000		District of Columbia	5.591		12/01/34		250,030
	100,000		East Baton Rouge Sewerage Commission	6.087		02/01/45		111,959
	400,000		Government Development Bank for Puerto Rico	3.670		05/01/14		407,056
	500,000		Government Development Bank for Puerto Rico	4.375		02/01/19		508,700

149

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$100,000		Kentucky Asset Liability Commission	3.165	%	04/01/18	$	103,320
	30,000		Los Angeles Unified School District	5.750		07/01/34		35,170
	100,000		Massachusetts School Building Authority	5.715		08/15/39		128,456
	100,000		Metropolitan Government of Nashville & Davidson County	6.731		07/01/43		114,899
	940,000		Metropolitan Transportation Authority	6.648		11/15/39		1,184,926
	250,000		Municipal Electric Authority of Georgia	6.637		04/01/57		290,050
	500,000		Municipal Electric Authority of Georgia	6.655		04/01/57		573,080
	972,000		New Jersey Economic Development Authority	7.425		02/15/29		1,191,672
	35,000		New Jersey State Turnpike Authority	7.414		01/01/40		51,018
	800,000		New Jersey Transportation Trust Fund Authority	5.754		12/15/28		936,272
	1,100,000		New York City Municipal Water Finance Authority	5.790		06/15/41		1,230,955
	600,000		New York State Dormitory Authority	5.289		03/15/33		698,280
	130,000		New York State Dormitory Authority	5.628		03/15/39		158,531
	400,000		New York State Urban Development Corp	5.838		03/15/40		493,772
	100,000		Ohio State University	4.910		06/01/40		120,056
	250,000		Oregon School Boards Association	5.680		06/30/28		297,678
	100,000		Oregon State Department of Transportation	5.834		11/15/34		128,456
	200,000		Port Authority of New York & New Jersey	6.040		12/01/29		256,460
			Salt River Project Agricultural Improvement & Power
	100,000		District	4.839		01/01/41		116,032
	800,000		Santa Clara Valley Transportation Authority	5.876		04/01/32		982,664
	300,000		State of California	5.750		03/01/17		346,716
	100,000		State of California	6.200		10/01/19		117,868
	100,000		State of California	5.700		11/01/21		113,849
	100,000	i	State of California	5.650		04/01/39		103,602
	285,000		State of California	7.550		04/01/39		366,487
	2,900,000		State of California	7.300		10/01/39		3,600,147
	1,740,000		State of California	7.625		03/01/40		2,249,542
	300,000		State of Connecticut	5.090		10/01/30		339,624
	250,000		State of Connecticut	5.850		03/15/32		313,190
	100,000		State of Illinois	4.511		03/01/15		105,927
	400,000		State of Illinois	4.961		03/01/16		430,400
	2,200,000		State of Illinois	5.100		06/01/33		2,079,440
	1,295,000		State of Illinois	6.725		04/01/35		1,420,757
	300,000		State of Oregon	5.762		06/01/23		378,312
	100,000		State of Texas	4.631		04/01/33		114,677
	50,000		State of Texas	5.517		04/01/39		65,094
	1,000,000		State of Texas	4.681		04/01/40		1,170,100
	100,000		State of Utah	3.539		07/01/25		109,618
	200,000		State of Washington	5.090		08/01/33		234,854
	200,000		State Public School Building Authority	5.000		09/15/27		222,806
	2,000,000		Tennessee Valley Authority	4.500		04/01/18		2,358,726
	750,000		Tennessee Valley Authority	3.875		02/15/21		866,497
	500,000		Tennessee Valley Authority	5.880		04/01/36		696,092
	1,000,000		Tennessee Valley Authority	4.625		09/15/60		1,213,235
	200,000		University of California	5.770		05/15/43		245,442
	100,000		University of Pennsylvania	4.674		09/01/12		114,848
	700,000		University of Texas	4.794		08/15/46		836,311
	150,000		Virginia Commonwealth Transportation Board	5.350		05/15/35		181,755
			TOTAL MUNICIPAL BONDS					34,250,508

150

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
U.S. TREASURY SECURITIES - 36.8%
	$1,500,000	United States Treasury Bond	6.375	%	08/15/27	$	2,310,234
	26,060,000	United States Treasury Bond	5.250		02/15/29		36,760,887
	23,829,000	United States Treasury Bond	5.375		02/15/31		34,723,333
	3,144,000	United States Treasury Bond	4.375		02/15/38		4,171,695
	4,733,000	United States Treasury Bond	3.500		02/15/39		5,476,971
	241,000	United States Treasury Bond	4.500		08/15/39		327,007
	850,000	United States Treasury Bond	4.375		11/15/39		1,132,226
	915,000	United States Treasury Bond	4.625		02/15/40		1,265,702
	3,380,000	United States Treasury Bond	4.375		05/15/40		4,504,377
	12,585,000	United States Treasury Bond	3.875		08/15/40		15,493,318
	11,185,000	United States Treasury Bond	4.250		11/15/40		14,631,378
	5,075,000	United States Treasury Bond	4.750		02/15/41		7,168,437
	26,350,000	United States Treasury Bond	4.375		05/15/41		35,193,719
	10,000,000	United States Treasury Bond	3.750		08/15/41		12,059,380
	2,300,000	United States Treasury Bond	3.125		11/15/41		2,472,500
	3,550,000	United States Treasury Bond	3.125		02/15/42		3,812,920
	9,000,000	United States Treasury Bond	3.000		05/15/42		9,426,096
	11,155,000	United States Treasury Note	0.750		08/15/13		11,214,702
	22,139,000	United States Treasury Note	4.250		08/15/13		23,124,872
	66,000,000	United States Treasury Note	0.125		08/31/13		65,889,120
	2,045,000	United States Treasury Note	3.125		08/31/13		2,112,661
	9,575,000	United States Treasury Note	0.750		09/15/13		9,629,233
	6,550,000	United States Treasury Note	0.125		09/30/13		6,537,463
	196,000	United States Treasury Note	3.125		09/30/13		202,921
	13,700,000	United States Treasury Note	0.250		10/31/13		13,693,575
	2,710,000	United States Treasury Note	2.750		10/31/13		2,798,181
	1,000,000	United States Treasury Note	0.250		11/30/13		999,336
	8,284,000	United States Treasury Note	2.000		11/30/13		8,483,007
	683,000	United States Treasury Note	1.500		12/31/13		695,112
	37,000,000	United States Treasury Note	0.250		01/31/14		36,966,774
	49,000,000	United States Treasury Note	0.250		02/28/14		48,950,216
	36,150,000	United States Treasury Note	1.250		03/15/14		36,719,073
	10,000,000	United States Treasury Note	0.250		03/31/14		9,988,280
	18,000,000	United States Treasury Note	0.250		04/30/14		17,978,202
	4,693,000	United States Treasury Note	1.875		04/30/14		4,824,991
	750,000	United States Treasury Note	4.750		05/15/14		811,758
	15,000,000	United States Treasury Note	0.250		05/31/14		14,981,250
	11,198,000	United States Treasury Note	2.250		05/31/14		11,605,674
	15,000,000	United States Treasury Note	0.250		06/30/14		14,981,250
	6,784,000	United States Treasury Note	2.625		06/30/14		7,094,578
	185,000	United States Treasury Note	2.625		07/31/14		193,715
	117,000	United States Treasury Note	4.250		08/15/14		126,625
	5,583,000	United States Treasury Note	2.375		08/31/14		5,826,385
	14,000,000	United States Treasury Note	0.250		09/15/14		13,969,368
	4,910,000	United States Treasury Note	2.375		09/30/14		5,134,019
	9,860,000	United States Treasury Note	2.375		10/31/14		10,319,101
	16,000,000	United States Treasury Note	0.375		11/15/14		16,008,752
	1,280,000	United States Treasury Note	2.125		11/30/14		1,333,900
	9,000,000	United States Treasury Note	0.250		12/15/14		8,976,798
	6,310,000	United States Treasury Note	2.250		01/31/15		6,611,694
	5,000,000	United States Treasury Note	0.375		03/15/15		4,996,875
	100	United States Treasury Note	2.500		03/31/15		106

151

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$7,170,000	United States Treasury Note	2.500	%	04/30/15	$	7,589,560
	1,240,000	United States Treasury Note	2.125		05/31/15		1,300,837
	3,120,000	United States Treasury Note	1.875		06/30/15		3,253,087
	6,895,000	United States Treasury Note	1.750		07/31/15		7,168,104
	1,775,000	United States Treasury Note	4.250		08/15/15		1,983,009
	11,340,000	United States Treasury Note	1.250		08/31/15		11,622,615
	18,805,000	United States Treasury Note	1.250		09/30/15		19,269,258
	27,300,000	United States Treasury Note	1.250		10/31/15		27,980,371
	23,550,000	United States Treasury Note	1.375		11/30/15		24,243,618
	5,000,000	United States Treasury Note	2.125		12/31/15		5,278,125
	5,400,000	United States Treasury Note	2.000		01/31/16		5,681,815
	10,650,000	United States Treasury Note	2.125		02/29/16		11,263,206
	250,000	United States Treasury Note	2.625		02/29/16		269,043
	9,000,000	United States Treasury Note	2.250		03/31/16		9,570,942
	14,000,000	United States Treasury Note	2.000		04/30/16		14,765,632
	164,000	United States Treasury Note	5.125		05/15/16		192,508
	11,250,000	United States Treasury Note	1.750		05/31/16		11,763,281
	5,000,000	United States Treasury Note	1.500		06/30/16		5,179,690
	10,750,000	United States Treasury Note	1.500		07/31/16		11,137,172
	970,000	United States Treasury Note	3.250		07/31/16		1,073,593
	14,000,000	United States Treasury Note	1.000		08/31/16		14,219,842
	14,200,000	United States Treasury Note	1.000		09/30/16		14,420,767
	23,050,000	United States Treasury Note	1.000		10/31/16		23,401,144
	173,000	United States Treasury Note	4.625		11/15/16		202,478
	278,400	United States Treasury Note	7.500		11/15/16		360,093
	15,250,000	United States Treasury Note	0.875		11/30/16		15,401,311
	4,000,000	United States Treasury Note	0.875		12/31/16		4,035,936
	50,300,000	United States Treasury Note	0.875		01/31/17		50,736,202
	16,250,000	United States Treasury Note	0.875		02/28/17		16,390,920
	220,000	United States Treasury Note	3.000		02/28/17		243,151
	21,300,000	United States Treasury Note	1.000		03/31/17		21,592,875
	16,500,000	United States Treasury Note	0.875		04/30/17		16,625,037
	160,000	United States Treasury Note	8.750		05/15/17		221,337
	30,400,000	United States Treasury Note	0.625		05/31/17		30,259,886
	30,000,000	United States Treasury Note	0.750		06/30/17		30,030,480
	139,200	United States Treasury Note	8.875		08/15/17		195,881
	8,414,000	United States Treasury Note	4.250		11/15/17		9,923,261
	8,044,000	United States Treasury Note	2.750		12/31/17		8,864,110
	8,127,000	United States Treasury Note	2.625		01/31/18		8,906,688
	6,172,000	United States Treasury Note	2.625		04/30/18		6,773,289
	6,266,000	United States Treasury Note	3.875		05/15/18		7,335,625
	7,862,000	United States Treasury Note	2.375		05/31/18		8,517,990
	13,065,000	United States Treasury Note	2.250		07/31/18		14,064,263
	13,350,000	United States Treasury Note	1.500		08/31/18		13,774,490
	1,681,000	United States Treasury Note	9.000		11/15/18		2,518,874
	2,802,400	United States Treasury Note	2.750		02/15/19		3,110,008
	151,300	United States Treasury Note	8.125		08/15/19		224,456
	1,377,000	United States Treasury Note	3.625		02/15/20		1,619,804
	1,132,000	United States Treasury Note	3.500		05/15/20		1,322,672
	7,342,000	United States Treasury Note	2.625		08/15/20		8,080,216
	5,650,000	United States Treasury Note	2.625		11/15/20		6,210,147
	5,900,000	United States Treasury Note	3.625		02/15/21		6,965,687

152

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$375,700		United States Treasury Note	7.875	%	02/15/21	$	574,704
	125,000		United States Treasury Note	8.125		05/15/21		194,990
	27,610,000		United States Treasury Note	2.125		08/15/21		29,020,705
	122,000		United States Treasury Note	8.125		08/15/21		191,616
	6,070,000		United States Treasury Note	2.000		11/15/21		6,293,358
	13,379,100		United States Treasury Note	8.000		11/15/21		21,003,100
	10,500,000		United States Treasury Note	2.000		02/15/22		10,853,556
	11,250,000		United States Treasury Note	1.750		05/15/22		11,341,406
			TOTAL U.S. TREASURY SECURITIES					1,221,317,568
			TOTAL GOVERNMENT BONDS					2,506,879,616
			(Cost $2,436,876,861)
STRUCTURED ASSETS - 2.1%
ASSET BACKED - 0.2%
	1,190,000		Ally Auto Receivables Trust	1.180		04/15/15		1,196,353
			Series - 2011 2 (Class A3)
	340,000		AmeriCredit Automobile Receivables Trust	5.190		08/17/15		355,435
			Series - 2010 1 (Class C)
	590,000		AmeriCredit Automobile Receivables Trust	3.340		04/08/16		612,215
			Series - 2010 3 (Class C)
	500,000		AmeriCredit Automobile Receivables Trust	2.670		01/08/18		508,755
			Series - 2012 1 (Class C)
	850,000		Capital One Multi-Asset Execution Trust	5.050		12/17/18		970,531
			Series - 2006 A3 (Class A3)
	500,000		Capital One Multi-Asset Execution Trust	5.750		07/15/20		607,229
			Series - 2007 A7 (Class A7)
	600,000		Centerpoint Energy Transistion	3.460		08/15/19		659,114
			Series - 0 1 (Class A2)
	600,000		CenterPoint Energy Transition Bond Co LLC	2.161		10/15/21		618,706
			Series - 2012 1 (Class A2)
	195,566	i	Chase Funding Mortgage Loan Asset-Backed Certificates	5.700		02/25/35		43,617
			Series - 2004 2 (Class 1B)
	500,000		Chase Issuance Trust	5.120		10/15/14		507,009
			Series - 2007 A17 (Class A)
	135,000		CitiBank Credit Card Issuance Trust	4.900		06/23/16		146,309
			Series - 2009 A4 (Class A4)
	750,000		CitiBank Credit Card Issuance Trust	5.650		09/20/19		907,664
			Series - 2007 A8 (Class A8)
	375,000		Detroit Edison Securitization Funding LLC	6.620		03/01/16		418,102
			Series - 2001 1 (Class A6)
	100,000		Discover Card Master Trust	5.650		03/16/20		121,071
			Series - 2007 A1 (Class A1)
	400,000		Nissan Auto Receivables Owner Trust	1.000		07/16/18		402,177
			Series - 2012 A (Class A4)
	31,050	i	Residential Asset Securities Corp	6.489		10/25/30		28,479
			Series - 2001 KS2 (Class AI6)
	15,000		Residential Funding Mortgage Securities II, Inc	6.060		02/25/36		13,018
			Series - 2006 HI1 (Class M2)
	15,000	g	Vornado DP LLC	4.004		09/13/28		16,335
			Series - 2010 VNO (Class A2FX)
			TOTAL ASSET BACKED					8,132,119

153

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
OTHER MORTGAGE BACKED - 1.9%
	$1,000,000	i	Banc of America Commercial Mortgage, Inc	5.246	%	11/10/42	$	1,036,501
			Series - 2005 1 (Class A4)
	105,000	i	Banc of America Commercial Mortgage, Inc	5.889		07/10/44		118,546
			Series - 2006 3 (Class A4)
	450,000		Banc of America Commercial Mortgage, Inc	5.356		10/10/45		499,821
			Series - 2006 6 (Class A4)
	397,681		Banc of America Commercial Mortgage, Inc	5.379		09/10/47		417,549
			Series - 2006 5 (Class AAB)
	285,000		Banc of America Commercial Mortgage, Inc	5.449		01/15/49		300,315
			Series - 2007 1 (Class A3)
	325,000	i	Banc of America Commercial Mortgage, Inc	5.805		06/10/49		332,822
			Series - 2007 3 (Class A3)
	1,350,000	i	Banc of America Merrill Lynch Commercial Mortgage, Inc	5.366		09/10/47		1,509,457
			Series - 2005 6 (Class A4)
	475,000		Banc of America Merrill Lynch Commercial Mortgage, Inc	5.620		02/10/51		505,538
			Series - 2007 5 (Class A3)
	320,000		Bear Stearns Commercial Mortgage Securities	5.201		12/11/38		361,457
			Series - 2006 PW14 (Class A4)
	280,000	i	Bear Stearns Commercial Mortgage Securities	5.619		03/11/39		314,649
			Series - 2006 PW11 (Class A4)
	200,000	i	Bear Stearns Commercial Mortgage Securities	5.906		06/11/40		228,680
			Series - 2007 PW16 (Class A4)
	355,000		Bear Stearns Commercial Mortgage Securities	4.674		06/11/41		385,042
			Series - 2005 PWR8 (Class A4)
	103,750	i	Bear Stearns Commercial Mortgage Securities	5.286		06/11/41		106,764
			Series - 2004 PWR4 (Class A2)
	625,000	i	Bear Stearns Commercial Mortgage Securities	5.468		06/11/41		667,167
			Series - 2004 PWR4 (Class A3)
	825,000	i	Bear Stearns Commercial Mortgage Securities	5.582		09/11/41		883,164
			Series - 2006 PW13 (Class AM)
	495,000		Bear Stearns Commercial Mortgage Securities	5.537		10/12/41		565,616
			Series - 2006 T24 (Class A4)
	660,000	i	Bear Stearns Commercial Mortgage Securities	4.750		02/13/46		703,493
			Series - 2004 T16 (Class A6)
	1,000,000	i	Bear Stearns Commercial Mortgage Securities	5.694		06/11/50		1,151,698
			Series - 2007 PW17 (Class A4)
	600,000	i	Citigroup Commercial Mortgage Trust	5.534		04/15/40		640,033
			Series - 2004 C1 (Class A4)
	550,000		Citigroup Commercial Mortgage Trust	4.733		10/15/41		587,176
			Series - 2004 C2 (Class A5)
	122,777		Citigroup Commercial Mortgage Trust	5.205		12/11/49		124,819
			Series - 2007 CD4 (Class A2B)
	585,000		Citigroup, Inc	5.322		12/11/49		649,770
			Series - 2007 CD4 (Class A4)
	550,000	i	Citigroup/Deutsche Bank Commercial Mortgage Trust	5.394		07/15/44		536,295
			Series - 2005 CD1 (Class AJ)
	525,000	i	Commercial Mortgage Pass Through Certificates	5.941		06/10/46		591,137
			Series - 2006 C7 (Class A4)
	255,000	i	Commercial Mortgage Pass Through Certificates	5.811		12/10/49		297,138
			Series - 2007 C9 (Class A4)

154

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$302,000	i	Credit Suisse First Boston Mortgage Securities Corp	5.253	%	08/15/36	$	309,969
			Series - 2003 C4 (Class B)
	2,789,000		Credit Suisse First Boston Mortgage Securities Corp	4.829		11/15/37		2,987,836
			Series - 2004 C5 (Class A4)
	132,447		Credit Suisse Mortgage Capital Certificates	5.439		09/15/39		134,260
			Series - 2006 C4 (Class AAB)
	190,000		Credit Suisse Mortgage Capital Certificates	5.467		09/15/39		210,359
			Series - 2006 C4 (Class A3)
	2,100,000		Credit Suisse Mortgage Capital Certificates	5.509		09/15/39		2,057,068
			Series - 2006 C4 (Class AM)
	250,000	i	CS First Boston Mortgage Securities Corp	5.416		05/15/36		266,003
			Series - 2004 C2 (Class A2)
	290,336		CS First Boston Mortgage Securities Corp	3.936		05/15/38		294,665
			Series - 2003 C3 (Class A5)
	290,000		CS First Boston Mortgage Securities Corp	4.052		05/15/38		294,785
			Series - 2003 C3 (Class B)
	220,000	i	CS First Boston Mortgage Securities Corp	5.100		08/15/38		223,524
			Series - 2005 C5 (Class AJ)
	625,000	i	CS First Boston Mortgage Securities Corp	5.100		08/15/38		689,116
			Series - 2005 C5 (Class A4)
	278,178	i	GE Capital Commercial Mortgage Corp	5.454		11/10/45		295,551
			Series - 2005 C4 (Class ASB)
	1,000,000	i	GE Capital Commercial Mortgage Corp	5.486		11/10/45		1,117,959
			Series - 2005 C4 (Class A4)
	330,000		GMAC Commercial Mortgage Securities, Inc	5.023		04/10/40		342,359
			Series - 2003 C3 (Class A4)
	180,000	i	Greenwich Capital Commercial Funding Corp	5.317		06/10/36		190,768
			Series - 0 GG1 (Class A7)
	1,835,000	i	Greenwich Capital Commercial Funding Corp	5.224		04/10/37		2,005,365
			Series - 2005 GG5 (Class A5)
	600,000	i	Greenwich Capital Commercial Funding Corp	5.277		04/10/37		590,696
			Series - 2005 GG5 (Class AM)
	725,000	i	Greenwich Capital Commercial Funding Corp	6.071		07/10/38		826,375
			Series - 2006 GG7 (Class A4)
	550,000		Greenwich Capital Commercial Funding Corp	5.444		03/10/39		610,131
			Series - 2007 GG9 (Class A4)
	610,000		Greenwich Capital Commercial Funding Corp	5.475		03/10/39		605,327
			Series - 2007 GG9 (Class AM)
	1,825,000	i	GS Mortgage Securities Corp II	5.553		04/10/38		2,029,528
			Series - 2006 GG6 (Class A4)
	740,000	i	GS Mortgage Securities Corp II	5.622		04/10/38		753,072
			Series - 2006 GG6 (Class AM)
	503,047		GS Mortgage Securities Corp II	5.535		11/10/39		528,438
			Series - 2006 GG8 (Class AAB)
	1,350,000		GS Mortgage Securities Corp II	5.560		11/10/39		1,533,608
			Series - 2006 GG8 (Class A4)
	90,000	g	JP Morgan Chase Commercial Mortgage Securities Corp	5.633		12/05/27		103,283
			Series - 2009 IWST (Class A2)
	500,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.115		07/15/41		530,685
			Series - 2004 LN2 (Class A2)
	125,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.429		12/12/43		139,899
			Series - 2006 CB17 (Class A4)

155

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$1,000,000	i	JP Morgan Chase Commercial Mortgage Securities Corp	5.362	%	12/15/44	$	1,118,720
			Series - 2005 LDP5 (Class A4)
	200,000	i	JP Morgan Chase Commercial Mortgage Securities Corp	6.064		04/15/45		215,777
			Series - 2006 LDP7 (Class AM)
	2,315,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.447		05/15/45		2,411,128
			Series - 2006 LDP8 (Class A3B)
	625,314		JP Morgan Chase Commercial Mortgage Securities Corp	5.134		05/15/47		653,932
			Series - 2006 LDP9 (Class A2)
	1,480,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.336		05/15/47		1,637,392
			Series - 2006 LDP9 (Class A3)
	950,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.440		06/12/47		1,072,117
			Series - 2007 CB18 (Class A4)
	450,000	i	JP Morgan Chase Commercial Mortgage Securities Corp	6.009		06/15/49		479,556
			Series - 2007 LD11 (Class A3)
	360,000	i	JP Morgan Chase Commercial Mortgage Securities Corp	6.009		06/15/49		395,209
			Series - 2007 LD11 (Class A4)
	400,000	i	LB-UBS Commercial Mortgage Trust	5.020		08/15/29		427,246
			Series - 2004 C6 (Class A6)
	545,000		LB-UBS Commercial Mortgage Trust	4.742		02/15/30		586,684
			Series - 2005 C1 (Class A4)
	415,000	i	LB-UBS Commercial Mortgage Trust	5.150		04/15/30		455,890
			Series - 2005 C2 (Class A5)
	380,000		LB-UBS Commercial Mortgage Trust	5.156		02/15/31		423,308
			Series - 2006 C1 (Class A4)
	125,000		LB-UBS Commercial Mortgage Trust	5.372		09/15/39		141,988
			Series - 2006 C6 (Class A4)
	1,405,000		LB-UBS Commercial Mortgage Trust	5.424		02/15/40		1,585,134
			Series - 2007 C1 (Class A4)
	970,000		LB-UBS Commercial Mortgage Trust	5.430		02/15/40		1,082,777
			Series - 2007 C2 (Class A3)
	875,000		LB-UBS Commercial Mortgage Trust	4.843		07/15/40		867,080
			Series - 2005 C3 (Class AJ)
	400,000	i	LB-UBS Commercial Mortgage Trust	5.866		09/15/45		458,495
			Series - 2007 C7 (Class A3)
	399,013	i	Merrill Lynch	5.382		07/12/46		415,395
			Series - 2006 3 (Class ASB)
	425,000	i	Merrill Lynch	5.485		07/12/46		359,099
			Series - 2006 3 (Class AJ)
	225,000	i	Merrill Lynch Mortgage Trust	5.390		11/12/37		216,462
			Series - 2005 CKI1 (Class AJ)
	150,000	i	Merrill Lynch Mortgage Trust	5.390		11/12/37		167,264
			Series - 2005 CKI1 (Class A6)
	290,000	i	Merrill Lynch Mortgage Trust	5.107		07/12/38		312,448
			Series - 2005 CIP1 (Class AM)
	327,268	i	Merrill Lynch Mortgage Trust	5.803		05/12/39		334,926
			Series - 2006 C1 (Class A2)
	235,000	i	Merrill Lynch Mortgage Trust	5.848		05/12/39		266,862
			Series - 2006 C1 (Class A4)
	450,000	i	Merrill Lynch Mortgage Trust	6.041		06/12/50		464,385
			Series - 2007 C1 (Class A3)
	475,000	i	Merrill Lynch/Countrywide Commercial Mortgage Trust	5.607		02/12/39		532,725
			Series - 2006 1 (Class A4)

156

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$440,000	i	Merrill Lynch/Countrywide Commercial Mortgage Trust	6.163	%	08/12/49	$	408,495
			Series - 2007 8 (Class AM)
	150,000	i	Morgan Stanley Capital I	5.435		04/15/38		152,387
			Series - 2003 IQ5 (Class C)
	375,000		Morgan Stanley Capital I	4.970		04/14/40		394,047
			Series - 2004 HQ4 (Class A7)
	505,000	i	Morgan Stanley Capital I	5.270		06/13/41		537,376
			Series - 2004 T15 (Class A4)
	1,255,000		Morgan Stanley Capital I	5.168		01/14/42		1,353,165
			Series - 2005 HQ5 (Class A4)
	78,491		Morgan Stanley Capital I	6.231		01/11/43		79,100
			Series - 2008 T29 (Class A1)
	590,000		Morgan Stanley Capital I	5.364		03/15/44		659,428
			Series - 2007 IQ13 (Class A4)
	225,000	i	Morgan Stanley Capital I	5.731		07/12/44		256,314
			Series - 2006 HQ9 (Class A4)
	750,000		Morgan Stanley Capital I	3.244		03/15/45		757,865
			Series - 2012 C4 (Class A4)
	1,550,000	i	Morgan Stanley Capital I	5.692		04/15/49		1,705,945
			Series - 2007 IQ14 (Class A4)
	205,000	i	Morgan Stanley Capital I	5.544		11/12/49		212,321
			Series - 2007 T25 (Class AM)
	1,750,000		Morgan Stanley Capital I	5.809		12/12/49		2,024,167
			Series - 2007 IQ16 (Class A4)
	245,000		Morgan Stanley Capital I	4.770		07/15/56		247,734
			Series - 0 IQ9 (Class AJ)
	400,000		UBS-Citigroup Commercial Mortgage Trust	3.595		01/10/45		421,125
			Series - 2011 C1 (Class A3)
	100,000		Wachovia Bank Commercial Mortgage Trust	5.342		12/15/43		107,911
			Series - 2007 C30 (Class A5)
	1,000,000	i	Wachovia Bank Commercial Mortgage Trust	5.441		12/15/44		1,109,898
			Series - 2005 C22 (Class A4)
	157,114		Wachovia Bank Commercial Mortgage Trust	5.576		03/15/45		161,694
			Series - 2006 C24 (Class APB)
	300,000	i	Wachovia Bank Commercial Mortgage Trust	5.603		10/15/48		300,592
			Series - 2006 C28 (Class AM)
	200,000	i	Wachovia Bank Commercial Mortgage Trust	6.097		02/15/51		222,198
			Series - 2007 C33 (Class A5)
	525,000	i	Wachovia Bank Commercial Mortgage Trust	6.097		02/15/51		588,329
			Series - 2007 C33 (Class A4)
			TOTAL OTHER MORTGAGE BACKED					61,967,366
			TOTAL STRUCTURED ASSETS					70,099,485
			(Cost $68,011,408)
			TOTAL BONDS					3,295,214,842
			(Cost $3,194,625,161)

157

TIAA-CREF FUNDS – Bond Index Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 2.3%
TREASURY DEBT - 2.3%
	$75,000,000	United States Treasury Bill	0.075	%	09/13/12	$	74,988,225
		TOTAL TREASURY DEBT					74,988,225
		TOTAL SHORT-TERM INVESTMENTS					74,988,225
		(Cost $74,988,438)
		TOTAL INVESTMENTS - 102.0%					3,370,203,067
		(Cost $3,269,613,599)
		OTHER ASSETS & LIABILITIES, NET - (2.0)%					(66,672,007	)
		NET ASSETS - 100.0%				$	3,303,531,060

	Abbreviation(s):
	REIT	Real Estate Investment Trust
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 6/30/2012, the aggregate value of these securities amounted to $8,842,110 or 0.3% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security. Coupon reflects the rate at period end.
m	Indicates a security that has been deemed illiquid.

158

TIAA-CREF FUNDS – Money Market Fund

TIAA-CREF FUNDS
MONEY MARKET FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2012

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 99.1%
BANKERS’ ACCEPTANCES - 0.1%
	$146,000		JPMorgan Chase Bank NA	0.220	%	07/11/12	$	145,991
	173,000		JPMorgan Chase Bank NA	0.265		08/13/12		172,945
	120,000		JPMorgan Chase Bank NA	0.270		08/27/12		119,949
	203,000		JPMorgan Chase Bank NA	0.280		09/12/12		202,885
	115,000		JPMorgan Chase Bank NA	0.270		09/13/12		114,936
	384,000		JPMorgan Chase Bank NA	0.240		09/24/12		383,782
	290,000		JPMorgan Chase Bank NA	0.270		09/26/12		289,811
			TOTAL BANKERS’ ACCEPTANCES					1,430,299
CERTIFICATE OF DEPOSIT - 4.9%
	3,550,000		Bank of Montreal	0.190		07/03/12		3,550,000
	3,000,000		Bank of Nova Scotia	0.340		12/11/12		3,000,000
	5,000,000		Canadian Imperial Bank of Commerce	0.150		07/06/12		5,000,000
	5,000,000		Standard Chartered Bank NY	0.510		10/17/12		5,000,299
	10,000,000		Toronto-Dominion Bank	0.140		07/12/12		10,000,000
	5,000,000		Toronto-Dominion Bank	0.180		07/27/12		5,000,000
	5,000,000		Toronto-Dominion Bank	0.180		08/17/12		5,000,000
	10,000,000		Toronto-Dominion Bank	0.190		09/10/12		10,000,000
	5,000,000		Toronto-Dominion Bank	0.210		09/18/12		5,000,000
			TOTAL CERTIFICATE OF DEPOSIT					51,550,299
COMMERCIAL PAPER - 42.4%
	500,000		Australia & New Zealand Banking Group Ltd	0.250		07/25/12		499,917
	10,000,000		Australia & New Zealand Banking Group Ltd	0.230		09/17/12		9,995,016
	950,000		Bank of Nova Scotia	0.190		07/02/12		949,995
	5,700,000		Bank of Nova Scotia	0.150-0.175		07/05/12		5,699,901
	2,600,000		Bank of Nova Scotia	0.220		07/17/12		2,599,746
	1,600,000		Bank of Nova Scotia	0.180-0.370		07/24/12		1,599,706
	890,000		Bank of Nova Scotia	0.235		08/03/12		889,808
	3,480,000		Bank of Nova Scotia	0.330		08/14/12		3,478,596
	3,835,000		Bank of Nova Scotia	0.170		08/15/12		3,834,185
	3,000,000	y	Coca-Cola Co	0.165		07/06/12		2,999,931
	10,000,000	y	Coca-Cola Co	0.180		07/09/12		9,999,600
	2,530,000	y	Coca-Cola Co	0.170-0.200		08/01/12		2,529,582
	2,870,000	y	Coca-Cola Co	0.160-0.230		08/13/12		2,869,262
	3,000,000	y	Coca-Cola Co	0.210		08/17/12		2,999,177
	3,200,000	y	Coca-Cola Co	0.175		08/22/12		3,199,191
	2,500,000	y	Coca-Cola Co	0.170		08/24/12		2,499,363
	2,000,000	y	Coca-Cola Co	0.200		09/13/12		1,999,178
	2,820,000	y	Coca-Cola Co	0.215		10/02/12		2,818,434
	2,360,000	y	Coca-Cola Co	0.215		10/03/12		2,358,675
	750,000	y	Coca-Cola Co	0.235		10/16/12		749,476
	265,000	y	Coca-Cola Co	0.255		11/05/12		264,762
	1,800,000	y	Colgate-Palmolive Co	0.110		07/03/12		1,799,989

159

TIAA-CREF FUNDS – Money Market Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$7,000,000	y	Commonwealth Bank of Australia	0.190	%	07/24/12	$	6,999,150
	5,000,000	y	Commonwealth Bank of Australia	0.180		08/01/12		4,999,225
	645,000	y	Commonwealth Bank of Australia	0.215		08/21/12		644,804
	700,000	y	Commonwealth Bank of Australia	0.260		09/05/12		699,666
	5,000,000	y	Commonwealth Bank of Australia	0.245		09/06/12		4,997,720
	5,000,000	y	Commonwealth Bank of Australia	0.240		09/07/12		4,997,733
	650,000	y	Commonwealth Bank of Australia	0.270		09/10/12		649,654
	3,893,000	y	Fairway Finance LLC	0.170-0.180		07/10/12		3,892,832
	1,160,000	y	Fairway Finance LLC	0.175		07/19/12		1,159,898
	420,000	y	Fairway Finance LLC	0.190		07/24/12		419,949
	5,000,000	y	Fairway Finance LLC	0.190		08/07/12		4,999,024
	11,795,000	y	Fairway Finance LLC	0.185-0.195		08/16/12		11,792,189
	4,715,000	y	Fairway Finance LLC	0.190		08/17/12		4,713,830
	1,500,000		General Electric Capital Corp	0.150		07/16/12		1,499,906
	6,000,000		General Electric Capital Corp	0.310		07/26/12		5,998,709
	7,000,000		General Electric Capital Corp	0.230-0.310		07/30/12		6,998,445
	4,270,000		General Electric Co	0.190		09/26/12		4,268,039
	2,048,000		General Electric Co	5.000		02/01/13		2,101,569
	4,500,000	y	Johnson & Johnson	0.140		07/09/12		4,499,860
	5,000,000	y	Johnson & Johnson	0.150		07/23/12		4,999,542
	1,920,000	y	Jupiter Securitization Co LLC	0.200		07/03/12		1,919,979
	2,630,000	y	Jupiter Securitization Co LLC	0.290		08/23/12		2,628,877
	5,000,000	y	Liberty Street Funding LLC	0.220		09/18/12		4,997,586
	3,788,000		Merck & Co, Inc	0.140		07/03/12		3,787,971
	750,000	y	National Australia Funding(Delaware)	0.250		07/02/12		749,995
	700,000	y	National Australia Funding(Delaware)	0.220		07/09/12		699,966
	3,000,000	y	National Australia Funding(Delaware)	0.200		08/07/12		2,999,383
	2,830,000	y	National Australia Funding(Delaware)	0.220		09/12/12		2,828,738
	3,000,000	y	National Australia Funding(Delaware)	0.350		09/17/12		2,997,725
	6,000,000	y	National Australia Funding(Delaware)	0.345		09/18/12		5,995,457
	4,700,000	y	Nestle Capital Corp	0.160		07/13/12		4,699,749
	10,000,000	y	Nestle Capital Corp	0.140-0.160		07/18/12		9,999,286
	8,250,000	y	Nestle Capital Corp	0.120		08/02/12		8,249,120
	5,000,000	y	Nestle Capital Corp	0.165		08/29/12		4,998,648
	500,000	y	Nestle Capital Corp	0.220		10/09/12		499,694
	10,000,000		Novartis Finance Corp	0.155		08/03/12		9,998,579
	4,500,000		Novartis Finance Corp	0.150		08/07/12		4,499,306
	500,000		Novartis Finance Corp	0.220		08/08/12		499,884
	7,000,000		Novartis Finance Corp	0.200		08/09/12		6,998,484
	3,000,000	y	Old Line Funding LLC	0.240		07/03/12		2,999,960
	679,000	y	Old Line Funding LLC	0.190		07/20/12		678,932
	316,000	y	Old Line Funding LLC	0.250		07/24/12		315,950
	1,250,000	y	Old Line Funding LLC	0.200		08/15/12		1,249,687
	4,000,000	y	Old Line Funding LLC	0.180		08/20/12		3,999,000
	9,000,000	y	Old Line Funding LLC	0.180-0.200		08/28/12		8,997,326
	4,539,000	y	Old Line Funding LLC	0.220		09/04/12		4,537,197
	5,930,000	y	Old Line Funding LLC	0.210		09/25/12		5,927,025
	1,525,000		PACCAR Financial Corp	0.170		07/05/12		1,524,971
	1,500,000		PACCAR Financial Corp	0.150		07/10/12		1,499,944
	3,290,000		PACCAR Financial Corp	0.170		08/07/12		3,289,425
	520,000		PACCAR Financial Corp	0.240		09/13/12		519,744
	3,000,000	y	Private Export Funding Corp	0.150		07/02/12		2,999,988

160

TIAA-CREF FUNDS – Money Market Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$5,000,000	y	Private Export Funding Corp	0.200	%	07/30/12	$	4,999,194
	7,435,000	y	Private Export Funding Corp	0.245-0.255		08/23/12		7,432,268
	3,385,000	y	Private Export Funding Corp	0.170		09/07/12		3,383,913
	5,000,000	y	Private Export Funding Corp	0.250		11/19/12		4,995,104
	4,000,000	y	Private Export Funding Corp	0.250		11/26/12		3,995,889
	3,000,000	y	Procter & Gamble Co	0.150		08/20/12		2,999,375
	2,000,000	y	Procter & Gamble Co	0.150		09/11/12		1,999,400
	3,900,000		Province of British Columbia Canada	0.160		07/09/12		3,899,862
	4,300,000		Province of British Columbia Canada	0.140		07/19/12		4,299,699
	1,060,000		Province of British Columbia Canada	0.180		09/18/12		1,059,581
	300,000		Province of British Columbia Canada	0.200		10/26/12		299,805
	2,000,000		Province of Ontario Canada	0.150		08/14/12		1,999,633
	4,000,000		Province of Ontario Canada	0.160		08/27/12		3,998,987
	1,750,000		Standard Chartered Bank	0.185-0.190		07/19/12		1,749,836
	6,400,000		Straight-A Funding LLC	0.180		07/02/12		6,399,968
	5,000,000		Straight-A Funding LLC	0.160		07/17/12		4,999,644
	3,127,000		Straight-A Funding LLC	0.180		08/14/12		3,126,312
	9,000,000		Straight-A Funding LLC	0.180		08/27/12		8,997,435
	2,140,000		Straight-A Funding LLC	0.180		08/27/12		2,139,390
	6,483,000		Straight-A Funding LLC	0.180		09/12/12		6,480,634
	5,000,000		Straight-A Funding LLC	0.180		09/21/12		4,997,950
	605,000	y	Toronto-Dominion Holdings USA, Inc	0.180		07/26/12		604,924
	863,000	y	Unilever Capital Corp	0.190		07/18/12		862,923
	526,000	y	Unilever Capital Corp	0.210		07/31/12		525,908
	3,800,000	y	Unilever Capital Corp	0.190		08/02/12		3,799,358
	3,600,000	y	Unilever Capital Corp	0.210-0.240		08/15/12		3,599,032
	1,340,000	y	Unilever Capital Corp	0.160		08/30/12		1,339,643
	2,700,000	y	Unilever Capital Corp	0.225		08/31/12		2,698,971
	4,000,000	y	Unilever Capital Corp	0.190		10/04/12		3,997,994
	3,000,000		US Bank NA	0.180		07/19/12		2,999,730
	5,000,000		US Bank NA	0.200		07/19/12		5,000,000
	3,800,000		US Bank NA	0.250		08/10/12		3,798,944
	5,000,000		US Bank NA	0.200		08/21/12		5,000,000
	1,500,000	y	Variable Funding Capital Co LLC	0.170		07/05/12		1,499,972
	2,800,000	y	Variable Funding Capital Co LLC	0.150		07/12/12		2,799,872
	5,145,000	y	Variable Funding Capital Co LLC	0.190		07/16/12		5,144,593
	5,000,000	y	Variable Funding Capital Co LLC	0.170		07/17/12		4,999,622
	3,000,000	y	Variable Funding Capital Co LLC	0.200		07/20/12		2,999,683
	9,240,000	y	Variable Funding Capital Co LLC	0.200		07/25/12		9,238,768
	2,670,000	y	Variable Funding Capital Co LLC	0.200		08/08/12		2,669,436
	2,040,000	y	Wal-Mart Stores, Inc	0.140		07/16/12		2,039,881
	5,000,000	y	Wal-Mart Stores, Inc	0.130		07/18/12		4,999,693
	5,000,000	y	Wal-Mart Stores, Inc	0.120		07/26/12		4,999,583
	9,365,000	y	Wal-Mart Stores, Inc	0.140		08/06/12		9,363,689
	9,000,000	y	Westpac Banking Corp	0.260		09/19/12		8,994,800
			TOTAL COMMERCIAL PAPER					444,783,708
GOVERNMENT AGENCY DEBT - 19.5%
	8,000,000		Federal Farm Credit Bank (FFCB)	0.110		08/30/12		7,998,533
	4,800,000		Federal Home Loan Bank (FHLB)	0.110		07/06/12		4,799,927
	3,627,000		FHLB	0.110-0.125		07/11/12		3,626,881
	9,969,000		FHLB	0.080-0.115		07/13/12		9,968,662

161

TIAA-CREF FUNDS – Money Market Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
	$750,000	FHLB	0.120	%	07/20/12	$	749,953
	703,000	FHLB	0.110		07/24/12		702,951
	4,900,000	FHLB	0.115		07/25/12		4,899,624
	5,000,000	FHLB	0.120		07/27/12		4,999,567
	5,000,000	FHLB	0.090-0.120		08/01/12		4,999,561
	2,450,000	FHLB	0.100		08/03/12		2,449,775
	800,000	FHLB	0.130		08/07/12		799,893
	6,200,000	FHLB	0.085-0.130		08/08/12		6,199,320
	12,502,000	FHLB	0.095-0.140		08/10/12		12,500,561
	1,950,000	FHLB	0.090		08/17/12		1,949,771
	1,000,000	FHLB	0.125		08/20/12		999,826
	15,175,000	FHLB	0.110-0.130		08/22/12		15,172,502
	5,879,000	FHLB	0.120-0.130		08/24/12		5,877,925
	10,100,000	FHLB	0.105-0.140		08/29/12		10,098,174
	2,100,000	FHLB	0.130		09/04/12		2,099,507
	10,000,000	FHLB	0.115-0.120		09/05/12		9,997,832
	231,000	Federal Home Loan Mortgage Corp (FHLMC)	0.150		07/02/12		230,999
	895,000	FHLMC	0.120		07/10/12		894,973
	5,000,000	FHLMC	0.100		07/11/12		4,999,861
	3,875,000	FHLMC	0.120		07/17/12		3,874,793
	6,000,000	FHLMC	0.110		07/23/12		5,999,597
	3,940,000	FHLMC	0.100-0.160		08/06/12		3,939,421
	7,000,000	FHLMC	0.120-0.130		08/13/12		6,998,973
	2,300,000	FHLMC	0.100		08/14/12		2,299,719
	3,500,000	FHLMC	0.130		09/19/12		3,498,989
	10,000,000	FHLMC	0.130		09/24/12		9,996,931
	46,000	FHLMC	0.160		11/16/12		45,972
	1,148,000	FHLMC	0.168		12/27/12		1,147,041
	5,903,000	FHLMC	0.160		01/08/13		5,897,989
	125,000	FHLMC	0.175		02/04/13		124,867
	390,000	Federal National Mortgage Association (FNMA)	0.180		07/02/12		389,998
	3,750,000	FNMA	0.110		07/05/12		3,749,954
	4,750,000	FNMA	0.110		07/16/12		4,749,782
	500,000	FNMA	0.110		07/19/12		499,973
	2,410,000	FNMA	0.110-0.160		08/01/12		2,409,749
	9,685,000	FNMA	0.150		08/09/12		9,683,426
	2,300,000	FNMA	0.125-0.150		08/22/12		2,299,578
	4,745,000	FNMA	0.110		08/27/12		4,744,174
	3,521,000	FNMA	0.105-0.140		08/31/12		3,520,308
	705,000	FNMA	0.140		09/12/12		704,800
	1,500,000	FNMA	0.170		10/01/12		1,499,348
	1,279,000	FNMA	0.150-0.155		10/17/12		1,278,422
	765,000	FNMA	0.155		01/02/13		764,391
	750,000	FNMA	0.175		01/03/13		749,322
	2,060,000	FNMA	0.160		01/07/13		2,058,260
	5,000,000	FNMA	0.224		06/20/14		4,998,325
		TOTAL GOVERNMENT AGENCY DEBT					204,940,680
TREASURY DEBT - 19.1%
	4,020,000	United States Treasury Bill	0.058-0.083		07/12/12		4,019,927
	1,760,000	United States Treasury Bill	0.084-0.104		08/02/12		1,759,843
	8,000,000	United States Treasury Bill	0.105-0.112		08/16/12		7,998,900

162

TIAA-CREF FUNDS – Money Market Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$8,765,000		United States Treasury Bill	0.101-0.136	%	08/23/12	$	8,763,387
	10,000,000		United States Treasury Bill	0.083-0.128		09/06/12		9,998,042
	7,700,000		United States Treasury Bill	0.113-0.115		09/13/12		7,698,195
	7,845,000		United States Treasury Bill	0.080-0.131		09/20/12		7,843,014
	7,000,000		United States Treasury Bill	0.092-0.095		09/27/12		6,998,392
	3,930,000		United States Treasury Bill	0.102		10/04/12		3,928,947
	7,000,000		United States Treasury Bill	0.123-0.130		10/11/12		6,997,469
	12,000,000		United States Treasury Bill	0.123-0.143		10/18/12		11,995,307
	4,335,000		United States Treasury Bill	0.135-0.138		10/25/12		4,333,101
	6,480,000		United States Treasury Bill	0.133		11/01/12		6,477,055
	110,000		United States Treasury Bill	0.132		11/08/12		109,948
	5,000,000		United States Treasury Bill	0.145		12/20/12		4,996,536
	7,270,000		United States Treasury Note	1.500		07/15/12		7,273,880
	12,776,000		United States Treasury Note	0.625		07/31/12		12,781,218
	14,030,000		United States Treasury Note	1.750		08/15/12		14,057,834
	7,817,000		United States Treasury Note	0.375		08/31/12		7,820,055
	2,150,000		United States Treasury Note	0.375		09/30/12		2,151,196
	12,150,000		United States Treasury Note	1.375		10/15/12		12,192,906
	11,820,000		United States Treasury Note	0.375		10/31/12		11,828,511
	3,200,000		United States Treasury Note	1.375		11/15/12		3,214,577
	10,850,000		United States Treasury Note	0.500		11/30/12		10,865,641
	5,330,000		United States Treasury Note	1.125		12/15/12		5,353,502
	1,800,000		United States Treasury Note	0.625		12/31/12		1,803,760
	3,000,000		United States Treasury Note	1.375		01/15/13		3,019,568
	7,300,000		United States Treasury Note	0.625		01/31/13		7,318,671
	2,220,000		United States Treasury Note	1.375		02/15/13		2,236,482
	1,535,000		United States Treasury Note	0.625		02/28/13		1,539,306
	1,690,000		United States Treasury Note	1.375		03/15/13		1,704,041
	815,000		United States Treasury Note	0.625		04/30/13		817,711
			TOTAL TREASURY DEBT					199,896,922
VARIABLE RATE SECURITIES - 13.1%
	3,000,000	i	Federal Farm Credit Bank (FFCB)	0.240		02/01/13		2,999,643
	5,000,000	i	FFCB	0.276		03/15/13		4,998,942
	5,000,000	i	FFCB	0.321		03/28/13		5,000,000
	4,050,000	i	FFCB	0.251		06/12/13		4,050,280
	4,000,000	i	FFCB	0.612		08/19/13		3,997,719
	4,800,000	i	FFCB	0.296		08/26/13		4,797,238
	3,400,000	i	FFCB	0.350		08/26/13		3,399,604
	5,000,000	i	FFCB	0.250		09/23/13		4,998,754
	10,000,000	i	FFCB	0.370		09/23/13		9,999,503
	4,950,000	i	FFCB	0.290		10/15/13		4,944,241
	9,000,000	i	FFCB	0.250		02/10/14		8,997,066
	5,000,000	i	FFCB	0.213		04/16/14		5,000,000
	4,500,000	i	Federal Home Loan Bank (FHLB)	0.215		07/02/12		4,500,000
	5,000,000	i	FHLB	0.210		07/20/12		5,000,000
	7,900,000	i	FHLB	0.316		03/06/13		7,900,528
	9,500,000	i	FHLB	0.340		08/16/13		9,500,000
	5,000,000	i	Federal Home Loan Mortgage Corp (FHLMC)	0.189		02/04/13		4,998,802
	3,100,000	i	FHLMC	0.189		05/06/13		3,098,677
	2,800,000	i	FHLMC	0.189		06/03/13		2,800,268
	5,000,000	i	Federal National Mortgage Association (FNMA)	0.256		03/14/13		4,998,992

163

TIAA-CREF FUNDS – Money Market Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
	$5,000,000	i	FNMA	0.390	%	10/28/13	$	5,000,000
	2,000,000	i	Bank of Nova Scotia	0.666		10/26/12		2,002,099
	2,500,000	i	Bank of Nova Scotia	0.787		02/15/13		2,505,701
	5,000,000	i	Canadian Imperial Bank of Commerce	0.310		10/09/12		5,000,000
	2,000,000	i	Province of Ontario Canada	0.617		11/19/12		2,002,172
	9,500,000	i	Royal Bank of Canada	0.360		07/11/12		9,500,000
	5,000,000	i	Royal Bank of Canada	0.550		06/07/13		5,000,000
			TOTAL VARIABLE RATE SECURITIES					136,990,229
			TOTAL SHORT-TERM INVESTMENTS					1,039,592,137
			(Cost $1,039,592,137)
			TOTAL INVESTMENTS- 99.1%					1,039,592,137
			(Cost $1,039,592,137)
			OTHER ASSETS & LIABILITIES, NET - 0.9%					9,166,679
			NET ASSETS - 100.0%				$	1,048,758,816
		i	Floating or variable rate security. Coupon reflects the rate at period end.
		y	Security exempt from registration under Section 4(2) of the Securities Act of 1933 of which are deemed liquid. Such securities may be sold in transactions exempt from registration only to dealers in that program or other “accredited investors.” At 6/30/2012, the aggregate value of these securities was $290,504,452 or 27.7% of net assets.

164

TIAA-CREF FUNDS – Notes to Schedules of Investments (unaudited)

Note 1—organization and significant accounting policies

TIAA-CREF Funds (the “Trust”) is a Delaware statutory trust that is registered with the Securities and Exchange Commission (“Commission”) under the Investment Company Act of 1940, as amended (“1940 Act”), as an open-end management investment company. The following are the TIAA-CREF Funds included in this report: Real Estate Securities Fund, Bond Fund, Bond Plus Fund, Short-Term Bond Fund, High-Yield Fund, Tax-Exempt Bond Fund, Inflation-Linked Bond Fund, Bond Index Fund and the Money Market Fund (the “Funds” or individually the “Fund”).

The Funds offer their shares, without a sales load, through their principal underwriter, Teachers Personal Investors Services, Inc. (“TPIS”), which is a wholly owned indirect subsidiary of Teachers Insurance and Annuity Association of America (“TIAA”). Teachers Advisors, Inc. (“Advisors”), a wholly owned indirect subsidiary of TIAA, is registered with the Commission as an investment adviser and provides investment management services for the Funds. The Funds offer up to four share classes, although any one Fund may not necessarily offer all four classes. The Funds may offer Institutional, Retirement, Retail and Premier Classes of shares. Each class differs by the allocation of class-specific expenses and voting rights in matters affecting a single class.

The accompanying schedules of investments were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) which may require the use of estimates made by management. Actual results may differ from those estimates. The following is a summary of the significant accounting policies consistently followed by the Funds.

Security valuation: For all Funds (other than the Money Market Fund), investments in securities are recorded at their estimated fair value as described in the valuation of investments note to the schedules of investments. Investments held by the Money Market Fund are recorded at amortized cost, which approximates fair value. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter accreting or amortizing any discount or premium to its face value at a constant rate until maturity.

Investment transactions: Securities transactions are accounted for as of the trade date for financial reporting purposes.

Foreign currency transactions and translation: Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day using exchange rates obtained from an independent third party. Purchases and sales of securities, income, and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on realized and unrealized security gains and losses is reflected as a component of security gains and losses.

Transactions with affiliates: The Funds may purchase or sell investment securities in transactions with affiliated entities under procedures adopted by the Board of Trustees (“Board”), pursuant to the 1940 Act. These transactions are effected at market rates without incurring broker commissions.

Note 2—valuation of investments

Portfolio investments are valued at fair value utilizing various valuation methods approved by the Board. U.S. GAAP establishes a hierarchy that prioritizes market inputs to valuation methods. The three levels of inputs are:

• Level 1 – quoted prices in active markets for identical securities

• Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.)

• Level 3 – significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments)

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

165

TIAA-CREF FUNDS – Notes to Schedules of Investments (unaudited)

A description of the valuation techniques applied to the Funds’ major categories of assets and liabilities measured at fair value follows:

Exchange-traded equity securities, common and preferred stock: Equity securities listed or traded on a national market or exchange are valued based on their sale price on such market or exchange at the close of business on the date of valuation, or at the mean of the closing bid and asked prices if no sale is reported. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Foreign investments are valued at the last sale or official closing price reported on the exchange where traded and converted to U.S. dollars at the prevailing rates of exchange on the date of valuation. For events affecting the value of foreign securities between the time when the exchange on which they are traded closes and the time when the Funds’ net assets are calculated, such securities will be valued at fair value in accordance with procedures adopted by the Board. Foreign securities are generally categorized in Level 2 of the fair value hierarchy.

Debt securities: Debt securities will generally be valued using prices provided by a pricing service that may employ various indications of value including but not limited to broker-dealer quotations. Certain debt securities, other than money market instruments, are valued based on the most recent bid price or the equivalent quoted yield for such securities (or those of comparable maturity, quality and type). Debt securities are generally categorized in Level 2 of the fair value hierarchy; in instances where prices, yields, or any other key inputs are unobservable, they are categorized in Level 3 of the hierarchy.

Short-term investments: Short-term investments with maturities of 60 days or less are valued at amortized cost, which approximates fair value. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter amortizing any discount or premium from its face value at a constant rate until maturity. Short-term investments with maturities in excess of 60 days are valued in the same manner as debt securities. Short-term investments are generally categorized in Level 2 of the fair value hierarchy.

Investments in registered investment companies: These investments are valued at their net asset value on the valuation date. These investments are categorized in Level 1 of the fair value hierarchy.

Options: Purchased and written options listed or traded on a national market or exchange are valued at the last sale price as of the close of such exchange or at the mean of the closing bid and asked prices if no sale is reported. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy.

Any portfolio security for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair value are valued at fair value, as determined in good faith using procedures approved by the Board. To the extent the inputs are observable and timely, the values would be categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized as Level 3.

Transfers between levels are recognized at the end of the reporting period. For the period ended June 30, 2012, there were no material transfers between levels by the Fund.

As of June 30, 2012, 100% of the value of investments in the Bond Fund, Short-Term Bond Fund, Tax-Exempt Bond Fund, Inflation-Linked Bond Fund, Bond Index Fund and the Money Market Fund were valued based on Level 2 inputs.

166

TIAA-CREF FUNDS – Notes to Schedules of Investments (unaudited)

The following is a summary of the inputs used to value the Funds’ investments as of June 30, 2012:

Fund	Level 1			Level 2		Level 3		Total
Real Estate Securities
Diversified capital markets	$	5,994,200		$	—	$	—	$	5,994,200
Diversified real estate activities		—			834,143		—		834,143
Diversified REITs		61,368,700			—		—		61,368,700
Industrial REITs		40,103,100			3,329,521		—		43,432,621
Mortgage REITs		6,208,600			—		—		6,208,600
Office REITs		105,338,600			—		—		105,338,600
Real estate operating companies		20,779,837			—		—		20,779,837
Residential REITs		197,849,100			—		—		197,849,100
Retail REITs		265,816,623			9,595,548		—		275,412,171
Specialized REITs		378,031,593			—		—		378,031,593
Short-term investments		—			20,398,998		—		20,398,998
Written options*		(108,000	)		—		—		(108,000	)
Total	$	1,081,382,353		$	34,158,210	$	—	$	1,115,540,563
Bond Plus
Bank loan obligations	$	—		$	44,829,785	$	—	$	44,829,785
Corporate bonds		—			433,906,186		—		433,906,186
Government bonds		—			484,266,460		—		484,266,460
Structured assets		—			126,506,913		—		126,506,913
Preferred stocks		1,309,426			—		—		1,309,426
Short-term investments		—			193,150,946		—		193,150,946
Total	$	1,309,426		$	1,282,660,290	$	—	$	1,283,969,716
High-Yield
Bank loan obligations	$	—		$	54,332,626	$	—	$	54,332,626
Corporate bonds		—			1,352,489,088		—		1,352,489,088
Preferred stocks		2,944,682			—		—		2,944,682
Short-term investments		—			58,192,007		—		58,192,007
Total	$	2,944,682		$	1,465,013,721	$	—	$	1,467,958,403

* Derivative instruments are not reflected in the portfolio of investments.

167

TIAA-CREF FUNDS – Notes to Schedules of Investments (unaudited)

Note 3—derivative instruments

As defined by U.S. GAAP, a derivative is a financial instrument whose value is derived from an underlying security price, foreign exchange rate, interest rate, index of prices or rates, or other variable. Derivatives require little or no initial investment and permit or require net settlement. The Funds value derivatives at fair value.

Options: The Real Estate Securities Fund is subject to equity price risk in the normal course of pursuing its investment objectives. The Fund uses options contracts for hedging and cash management purposes and to seek to increase total return. Call and put options give the holder the right, in return for a premium paid, to purchase or sell, respectively, a security at a specified exercise price at any time during the period of the option. Premiums on unexercised, expired options are recorded as realized gains or losses; premiums on exercised options are recorded as an adjustment to the proceeds from the sale or cost of the purchase. The difference between the premium and the amount received or paid in a closing transaction is also treated as a realized gain or loss. Risks related to the use of options include possible illiquidity of the options markets, price movements in underlying security values, and losses from writing options can exceed their premium received and can exceed the potential loss from an ordinary buy and sell transaction..

Written options outstanding as of June 30, 2012 were as follows:

Issue	Contracts		Value
Real Estate Securities Fund
Boston Properties, Inc., Call, 8/18/12 at $115.00	3,600	$	(108,000	)

Note 4—affiliated investments

Companies in which a Fund holds 5% or more of the outstanding voting shares are considered “affiliated companies” of the Fund, pursuant to the 1940 Act. Information regarding transactions with affiliated companies is as follows: `

Issue	Value at March 31, 2012		Purchase cost		Sales proceeds		Realized gain/(loss)			Dividend income		Shares at June 30, 2012		Value at June 30, 2012
Real Estate Securities Fund
Thomas Properties Group	$	17,671,500	$	—	$	160,678	$	(322,154	)	$	57,750		3,819,823	$	20,779,837

Note 5 - investments

Repurchase agreements: Each Fund may enter into repurchase agreements with banks or broker-dealers. Repurchase agreements involve the purchase of securities from an institution, subject to the seller’s agreement to repurchase and the Fund’s agreement to resell such securities at a mutually agreed-upon price. Pursuant to the terms of the repurchase agreement, securities purchased subject to repurchase agreements must have an aggregate market value greater than or equal to the agreed-upon repurchase price plus accrued interest at all times. If the value of the underlying securities falls below the value of the repurchase price plus accrued interest, the Fund will require the seller to deposit additional collateral by the next business day. If a request for additional collateral is not met, or if the seller defaults on its repurchase obligation, the Fund maintains the right to sell the underlying securities at market value and pursue a claim for any remaining loss against the seller.

Securities purchased on a when-issued or delayed-delivery basis: The Funds may purchase securities on a when-issued or delayed-delivery basis. Securities purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after trade date; interest income is not accrued until settlement date. At the time a Fund enters into such transactions, it is required to have segregated assets with a current value at least equal to the amount of its when-issued or delayed-delivery purchase commitments.

Treasury Inflation-Protected Securities: The Funds (other than the Money MarketFund) may invest in Treasury Inflation-Protected Securities, specially structured bonds in which the principal amount is adjusted periodically to keep pace with inflation, as measured by the U.S. Consumer Price Index.

168

TIAA-CREF FUNDS – Notes to Schedules of Investments (unaudited)

Dollar rolls transactions: Some of the Funds may enter into mortgage dollar rolls in which a Fund sells mortgage securities for delivery in the current month, realizing a gain (loss), and simultaneously contracts to repurchase similar securities on a specified future date. During the roll period, a Fund forgoes principal and interest paid on the securities. The Fund is compensated by the interest earned on the cash proceeds of the initial sale and by the lower repurchase price at the future date. The difference between the sales proceeds and the lower repurchase price is recorded as a realized gain. The Fund maintains a segregated account, the dollar value of which is at least equal to its obligations with respect to dollar rolls.

Restricted securities: Restricted securities held by the Funds, if any, may not be sold except in exempt transactions or in a public offering registered under the Securities Act of 1933. The risk of investing in such securities is generally greater than the risk of investing in securities that are widely held and publicly traded.

Net unrealized appreciation (depreciation): At June 30, 2012, net unrealized appreciation (depreciation) based on the aggregate cost of portfolio investments for federal income tax purposes, consisting of gross unrealized appreciation and gross unrealized depreciation was as follows:

Fund	Book cost		Gross unrealized appreciation		Gross unrealized depreciation			Net unrealized appreciation (depreciation)
Real Estate Securities	$	959,352,185	$	177,826,708	$	(21,530,330	)	$	156,296,378
Bond		2,517,898,255		74,806,434		(5,839,868	)		68,966,566
Bond Plus		1,243,184,942		48,070,491		(7,285,717	)		40,784,774
Short-Term Bond		851,252,974		11,588,408		(2,898,274	)		8,690,134
High-Yield		1,417,311,942		64,267,970		(13,621,509	)		50,646,461
Tax-Exempt Bond		329,344,975		23,546,094		(86,400	)		23,459,694
Inflation-Linked Bond		1,478,512,343		177,688,079		(328,828	)		177,359,251
Bond Index		3,269,613,599		102,766,767		(2,177,299	)		100,589,468

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Item 2. Controls and Procedures.

          (a) An evaluation was performed within 90 days of the date hereof under the supervision of the Registrant’s management, including the principal executive officer and principal financial officer, of the effectiveness of the design and operation of the Registrant’s disclosure controls and procedures. Based on that evaluation, the Registrant’s management, including the principal executive officer and principal financial officer, concluded that the Registrant’s disclosure controls and procedures were effective for this quarterly reporting period.

          (b) There were no changes in the Registrant’s internal control over financial reporting that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

3(a) Section 302 certification of the principal executive officer

3(b) Section 302 certification of the principal financial officer

SIGNATURES

          Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		TIAA-CREF FUNDS
Date:	August 16, 2012	By:	/s/ Roger W. Ferguson, Jr.
			Roger W. Ferguson, Jr.
			President and Principal Executive Officer

          Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

Date:	August 16, 2012	By:	/s/ Roger W. Ferguson, Jr.
			Roger W. Ferguson, Jr.
			President and Principal Executive Officer
			(principal executive officer)

Date:	August 16, 2012	By:	/s/ Phillip G. Goff
			Phillip G. Goff
			Principal Financial Officer, Principal Accounting
			Officer and Treasurer
			(principal financial officer)

EXHIBIT LIST

Item 3. Exhibits.

3(a) Section 302 certification of the principal executive officer

3(b) Section 302 certification of the principal financial officer