N-Q 1 c74985_nq.htm

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: May 31

Date of reporting period: August 31, 2013

Item 1. Schedule of Investments.

TIAA-CREF LIFECYCLE FUNDS – Lifecycle Retirement Income Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE RETIREMENT INCOME FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES		SECURITY	VALUE

TIAA-CREF FUNDS - 100.1%(a)

FIXED INCOME - 40.3%
	7,701,783	TIAA-CREF Bond Fund	$	78,712,222
	750,641	TIAA-CREF Bond Plus Fund		7,776,639
	567,117	TIAA-CREF High-Yield Fund		5,761,904
		TOTAL FIXED INCOME		92,250,765

INFLATION-PROTECTED ASSETS - 10.0%
	2,008,104	TIAA-CREF Inflation-Linked Bond Fund		22,832,144
		TOTAL INFLATION-PROTECTED ASSETS		22,832,144

INTERNATIONAL EQUITY - 12.5%
	579,045	TIAA-CREF Emerging Markets Equity Fund		5,813,616
	895,210	TIAA-CREF Enhanced International Equity Index Fund		6,731,981
	261,143	TIAA-CREF Global Natural Resources Fund		2,444,303
	984,817	TIAA-CREF International Equity Fund		10,123,918
	347,468	TIAA-CREF International Opportunities Fund		3,439,937
		TOTAL INTERNATIONAL EQUITY		28,553,755

SHORT-TERM FIXED INCOME - 10.0%
	25,404	TIAA-CREF Money Market Fund		25,404
	2,231,323	TIAA-CREF Short-Term Bond Fund		23,094,188
		TOTAL SHORT-TERM FIXED INCOME		23,119,592

U.S. EQUITY - 27.3%
	1,078,498	TIAA-CREF Enhanced Large-Cap Growth Index Fund		11,367,368
	1,134,483	TIAA-CREF Enhanced Large-Cap Value Index Fund		11,208,687
	853,718	TIAA-CREF Growth & Income Fund		9,928,739
	866,781	TIAA-CREF Large-Cap Growth Fund		11,814,232
	690,452	TIAA-CREF Large-Cap Value Fund		11,613,404
	32,359	TIAA-CREF Mid-Cap Growth Fund		756,561
	29,977	TIAA-CREF Mid-Cap Value Fund		648,694
	283,069	TIAA-CREF Small-Cap Equity Fund		5,095,236
		TOTAL U.S. EQUITY		62,432,921

		TOTAL TIAA-CREF FUNDS		229,189,177
		(Cost $210,661,859)

		TOTAL INVESTMENTS - 100.1%		229,189,177
		(Cost $210,661,859)
		OTHER ASSETS & LIABILITIES, NET - (0.1)%		(167,975	)
		NET ASSETS - 100.0%	$	229,021,202



^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2010 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2010 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES		SECURITY	VALUE

TIAA-CREF FUNDS - 99.6%(a)

FIXED INCOME - 38.8%
	29,241,178	TIAA-CREF Bond Fund	$	298,844,836
	3,158,644	TIAA-CREF Bond Plus Fund		32,723,554
	2,572,178	TIAA-CREF High-Yield Fund		26,133,333
		TOTAL FIXED INCOME		357,701,723

INFLATION-PROTECTED ASSETS - 7.2%
	5,857,434	TIAA-CREF Inflation-Linked Bond Fund		66,599,022
		TOTAL INFLATION-PROTECTED ASSETS		66,599,022

INTERNATIONAL EQUITY - 14.4%
	2,729,449	TIAA-CREF Emerging Markets Equity Fund		27,403,671
	4,386,924	TIAA-CREF Enhanced International Equity Index Fund		32,989,666
	1,193,346	TIAA-CREF Global Natural Resources Fund		11,169,717
	4,491,165	TIAA-CREF International Equity Fund		46,169,174
	1,497,510	TIAA-CREF International Opportunities Fund		14,825,348
		TOTAL INTERNATIONAL EQUITY		132,557,576

SHORT-TERM FIXED INCOME - 7.2%
	49,789	TIAA-CREF Money Market Fund		49,789
	6,458,767	TIAA-CREF Short-Term Bond Fund		66,848,242
		TOTAL SHORT-TERM FIXED INCOME		66,898,031

U.S. EQUITY - 32.0%
	5,135,408	TIAA-CREF Enhanced Large-Cap Growth Index Fund		54,127,198
	5,396,772	TIAA-CREF Enhanced Large-Cap Value Index Fund		53,320,106
	4,035,105	TIAA-CREF Growth & Income Fund		46,928,272
	4,073,992	TIAA-CREF Large-Cap Growth Fund		55,528,511
	3,246,742	TIAA-CREF Large-Cap Value Fund		54,610,206
	143,662	TIAA-CREF Mid-Cap Growth Fund		3,358,827
	146,890	TIAA-CREF Mid-Cap Value Fund		3,178,690
	1,328,943	TIAA-CREF Small-Cap Equity Fund		23,920,976
		TOTAL U.S. EQUITY		294,972,786

		TOTAL TIAA-CREF FUNDS		918,729,138
		(Cost $821,559,252)

		TOTAL INVESTMENTS - 99.6%		918,729,138
		(Cost $821,559,252)
		OTHER ASSETS & LIABILITIES, NET - 0.4%		3,694,478
		NET ASSETS - 100.0%	$	922,423,616



^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2015 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2015 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES		SECURITY	VALUE

TIAA-CREF FUNDS - 99.6%(a)

FIXED INCOME - 36.6%
	40,535,067	TIAA-CREF Bond Fund	$	414,268,383
	5,684,695	TIAA-CREF Bond Plus Fund		58,893,442
	4,692,598	TIAA-CREF High-Yield Fund		47,676,797
		TOTAL FIXED INCOME		520,838,622

INFLATION-PROTECTED ASSETS - 5.2%
	6,539,438	TIAA-CREF Inflation-Linked Bond Fund		74,353,413
		TOTAL INFLATION-PROTECTED ASSETS		74,353,413

INTERNATIONAL EQUITY - 16.2%
	4,687,550	TIAA-CREF Emerging Markets Equity Fund		47,062,997
	7,804,915	TIAA-CREF Enhanced International Equity Index Fund		58,692,961
	2,147,760	TIAA-CREF Global Natural Resources Fund		20,103,038
	7,719,464	TIAA-CREF International Equity Fund		79,356,088
	2,672,440	TIAA-CREF International Opportunities Fund		26,457,153
		TOTAL INTERNATIONAL EQUITY		231,672,237

SHORT-TERM FIXED INCOME - 5.3%
	143,320	TIAA-CREF Money Market Fund		143,320
	7,208,523	TIAA-CREF Short-Term Bond Fund		74,608,210
		TOTAL SHORT-TERM FIXED INCOME		74,751,530

U.S. EQUITY - 36.3%
	9,011,959	TIAA-CREF Enhanced Large-Cap Growth Index Fund		94,986,048
	9,536,211	TIAA-CREF Enhanced Large-Cap Value Index Fund		94,217,762
	7,047,745	TIAA-CREF Growth & Income Fund		81,965,272
	7,120,965	TIAA-CREF Large-Cap Growth Fund		97,058,750
	5,684,451	TIAA-CREF Large-Cap Value Fund		95,612,469
	278,461	TIAA-CREF Mid-Cap Growth Fund		6,510,424
	264,880	TIAA-CREF Mid-Cap Value Fund		5,732,002
	2,300,769	TIAA-CREF Small-Cap Equity Fund		41,413,847
		TOTAL U.S. EQUITY		517,496,574

		TOTAL TIAA-CREF FUNDS		1,419,112,376
		(Cost $1,326,602,621)

		TOTAL INVESTMENTS - 99.6%		1,419,112,376
		(Cost $1,326,602,621)
		OTHER ASSETS & LIABILITIES, NET - 0.4%		5,161,137
		NET ASSETS - 100.0%	$	1,424,273,513



^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2020 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2020 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES		SECURITY	VALUE

TIAA-CREF FUNDS - 99.6%(a)

FIXED INCOME - 32.6%
	42,233,818	TIAA-CREF Bond Fund	$	431,629,616
	10,312,934	TIAA-CREF Bond Plus Fund		106,841,999
	8,138,280	TIAA-CREF High-Yield Fund		82,684,929
		TOTAL FIXED INCOME		621,156,544

INFLATION-PROTECTED ASSETS - 3.2%
	5,386,774	TIAA-CREF Inflation-Linked Bond Fund		61,247,624
		TOTAL INFLATION-PROTECTED ASSETS		61,247,624

INTERNATIONAL EQUITY - 18.7%
	7,049,642	TIAA-CREF Emerging Markets Equity Fund		70,778,404
	12,277,418	TIAA-CREF Enhanced International Equity Index Fund		92,326,184
	3,296,685	TIAA-CREF Global Natural Resources Fund		30,856,968
	11,708,075	TIAA-CREF International Equity Fund		120,359,016
	4,238,036	TIAA-CREF International Opportunities Fund		41,956,559
		TOTAL INTERNATIONAL EQUITY		356,277,131

SHORT-TERM FIXED INCOME - 3.3%
	190,186	TIAA-CREF Money Market Fund		190,186
	5,997,109	TIAA-CREF Short-Term Bond Fund		62,070,075
		TOTAL SHORT-TERM FIXED INCOME		62,260,261

U.S. EQUITY - 41.8%
	13,775,029	TIAA-CREF Enhanced Large-Cap Growth Index Fund		145,188,801
	14,672,128	TIAA-CREF Enhanced Large-Cap Value Index Fund		144,960,622
	10,835,131	TIAA-CREF Growth & Income Fund		126,012,570
	10,962,565	TIAA-CREF Large-Cap Growth Fund		149,419,756
	8,701,061	TIAA-CREF Large-Cap Value Fund		146,351,844
	440,860	TIAA-CREF Mid-Cap Growth Fund		10,307,308
	432,163	TIAA-CREF Mid-Cap Value Fund		9,351,997
	3,573,306	TIAA-CREF Small-Cap Equity Fund		64,319,510
		TOTAL U.S. EQUITY		795,912,408

		TOTAL TIAA-CREF FUNDS		1,896,853,968
		(Cost $1,741,248,301)

		TOTAL INVESTMENTS - 99.6%		1,896,853,968
		(Cost $1,741,248,301)
		OTHER ASSETS & LIABILITIES, NET - 0.4%		6,853,000
		NET ASSETS - 100.0%	$	1,903,706,968



^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2025 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2025 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES		SECURITY	VALUE

TIAA-CREF FUNDS - 99.6%(a)

FIXED INCOME - 28.6%
	28,716,308	TIAA-CREF Bond Fund	$	293,480,664
	13,753,400	TIAA-CREF Bond Plus Fund		142,485,223
	9,872,652	TIAA-CREF High-Yield Fund		100,306,141
		TOTAL FIXED INCOME		536,272,028

INFLATION-PROTECTED ASSETS - 1.2%
	2,026,504	TIAA-CREF Inflation-Linked Bond Fund		23,041,356
		TOTAL INFLATION-PROTECTED ASSETS		23,041,356

INTERNATIONAL EQUITY - 21.1%
	7,754,657	TIAA-CREF Emerging Markets Equity Fund		77,856,760
	13,917,875	TIAA-CREF Enhanced International Equity Index Fund		104,662,422
	3,637,690	TIAA-CREF Global Natural Resources Fund		34,048,775
	12,852,061	TIAA-CREF International Equity Fund		132,119,188
	4,757,785	TIAA-CREF International Opportunities Fund		47,102,071
		TOTAL INTERNATIONAL EQUITY		395,789,216

SHORT-TERM FIXED INCOME - 1.3%
	187,533	TIAA-CREF Money Market Fund		187,533
	2,253,441	TIAA-CREF Short-Term Bond Fund		23,323,113
		TOTAL SHORT-TERM FIXED INCOME		23,510,646

U.S. EQUITY - 47.4%
	15,390,339	TIAA-CREF Enhanced Large-Cap Growth Index Fund		162,214,176
	16,388,702	TIAA-CREF Enhanced Large-Cap Value Index Fund		161,920,376
	12,074,604	TIAA-CREF Growth & Income Fund		140,427,642
	12,209,069	TIAA-CREF Large-Cap Growth Fund		166,409,616
	9,696,462	TIAA-CREF Large-Cap Value Fund		163,094,485
	486,793	TIAA-CREF Mid-Cap Growth Fund		11,381,227
	495,572	TIAA-CREF Mid-Cap Value Fund		10,724,187
	3,977,072	TIAA-CREF Small-Cap Equity Fund		71,587,301
		TOTAL U.S. EQUITY		887,759,010

		TOTAL TIAA-CREF FUNDS		1,866,372,256
		(Cost $1,685,429,311)

		TOTAL INVESTMENTS - 99.6%		1,866,372,256
		(Cost $1,685,429,311)
		OTHER ASSETS & LIABILITIES, NET - 0.4%		7,017,540
		NET ASSETS - 100.0%	$	1,873,389,796



^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2030 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2030 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES		SECURITY	VALUE

TIAA-CREF FUNDS - 99.6%(a)

FIXED INCOME - 23.1%
	14,520,941	TIAA-CREF Bond Fund	$	148,404,014
	15,334,323	TIAA-CREF Bond Plus Fund		158,863,591
	10,509,641	TIAA-CREF High-Yield Fund		106,777,949
		TOTAL FIXED INCOME		414,045,554

INTERNATIONAL EQUITY - 23.5%
	8,222,313	TIAA-CREF Emerging Markets Equity Fund		82,552,025
	15,126,415	TIAA-CREF Enhanced International Equity Index Fund		113,750,638
	3,832,310	TIAA-CREF Global Natural Resources Fund		35,870,423
	13,649,080	TIAA-CREF International Equity Fund		140,312,541
	5,063,326	TIAA-CREF International Opportunities Fund		50,126,931
		TOTAL INTERNATIONAL EQUITY		422,612,558

SHORT-TERM FIXED INCOME - 0.0%
	180,361	TIAA-CREF Money Market Fund		180,361
		TOTAL SHORT-TERM FIXED INCOME		180,361

U.S. EQUITY - 53.0%
	16,569,219	TIAA-CREF Enhanced Large-Cap Growth Index Fund		174,639,569
	17,494,283	TIAA-CREF Enhanced Large-Cap Value Index Fund		172,843,519
	12,929,196	TIAA-CREF Growth & Income Fund		150,366,547
	13,063,152	TIAA-CREF Large-Cap Growth Fund		178,050,758
	10,424,552	TIAA-CREF Large-Cap Value Fund		175,340,962
	529,428	TIAA-CREF Mid-Cap Growth Fund		12,378,027
	547,101	TIAA-CREF Mid-Cap Value Fund		11,839,260
	4,220,904	TIAA-CREF Small-Cap Equity Fund		75,976,276
		TOTAL U.S. EQUITY		951,434,918

		TOTAL TIAA-CREF FUNDS		1,788,273,391
		(Cost $1,579,966,261)

		TOTAL INVESTMENTS - 99.6%		1,788,273,391
		(Cost $1,579,966,261)
		OTHER ASSETS & LIABILITIES, NET - 0.4%		6,843,371
		NET ASSETS - 100.0%	$	1,795,116,762



^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2035 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2035 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES		SECURITY	VALUE

TIAA-CREF FUNDS - 99.6%(a)

FIXED INCOME - 15.1%
	4,243,619	TIAA-CREF Bond Fund	$	43,369,785
	11,733,940	TIAA-CREF Bond Plus Fund		121,563,615
	10,815,154	TIAA-CREF High-Yield Fund		109,881,965
		TOTAL FIXED INCOME		274,815,365

INTERNATIONAL EQUITY - 25.9%
	9,115,123	TIAA-CREF Emerging Markets Equity Fund		91,515,838
	17,176,610	TIAA-CREF Enhanced International Equity Index Fund		129,168,110
	4,281,887	TIAA-CREF Global Natural Resources Fund		40,078,464
	15,148,167	TIAA-CREF International Equity Fund		155,723,160
	5,725,416	TIAA-CREF International Opportunities Fund		56,681,621
		TOTAL INTERNATIONAL EQUITY		473,167,193

SHORT-TERM FIXED INCOME - 0.0%
	186,382	TIAA-CREF Money Market Fund		186,382
		TOTAL SHORT-TERM FIXED INCOME		186,382

U.S. EQUITY - 58.6%
	18,703,638	TIAA-CREF Enhanced Large-Cap Growth Index Fund		197,136,340
	19,518,813	TIAA-CREF Enhanced Large-Cap Value Index Fund		192,845,871
	14,448,258	TIAA-CREF Growth & Income Fund		168,033,235
	14,552,786	TIAA-CREF Large-Cap Growth Fund		198,354,479
	11,801,573	TIAA-CREF Large-Cap Value Fund		198,502,466
	602,135	TIAA-CREF Mid-Cap Growth Fund		14,077,917
	619,044	TIAA-CREF Mid-Cap Value Fund		13,396,122
	4,748,421	TIAA-CREF Small-Cap Equity Fund		85,471,571
		TOTAL U.S. EQUITY		1,067,818,001

		TOTAL TIAA-CREF FUNDS		1,815,986,941
		(Cost $1,571,767,647)

		TOTAL INVESTMENTS - 99.6%		1,815,986,941
		(Cost $1,571,767,647)
		OTHER ASSETS & LIABILITIES, NET - 0.4%		8,025,245
		NET ASSETS - 100.0%	$	1,824,012,186

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2040 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2040 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES		SECURITY	VALUE

TIAA-CREF FUNDS - 99.6%(a)

FIXED INCOME - 10.1%
	9,502,654	TIAA-CREF Bond Plus Fund	$	98,447,491
	14,431,809	TIAA-CREF High-Yield Fund		146,627,183
		TOTAL FIXED INCOME		245,074,674

INTERNATIONAL EQUITY - 27.5%
	12,835,003	TIAA-CREF Emerging Markets Equity Fund		128,863,428
	24,337,305	TIAA-CREF Enhanced International Equity Index Fund		183,016,530
	5,940,488	TIAA-CREF Global Natural Resources Fund		55,602,971
	21,269,527	TIAA-CREF International Equity Fund		218,650,733
	8,194,919	TIAA-CREF International Opportunities Fund		81,129,698
		TOTAL INTERNATIONAL EQUITY		667,263,360

SHORT-TERM FIXED INCOME - 0.0%
	273,254	TIAA-CREF Money Market Fund		273,254
		TOTAL SHORT-TERM FIXED INCOME		273,254

U.S. EQUITY - 62.0%
	26,215,666	TIAA-CREF Enhanced Large-Cap Growth Index Fund		276,313,118
	27,635,526	TIAA-CREF Enhanced Large-Cap Value Index Fund		273,039,000
	20,268,017	TIAA-CREF Growth & Income Fund		235,717,041
	20,693,991	TIAA-CREF Large-Cap Growth Fund		282,059,097
	16,576,923	TIAA-CREF Large-Cap Value Fund		278,823,843
	849,673	TIAA-CREF Mid-Cap Growth Fund		19,865,353
	901,004	TIAA-CREF Mid-Cap Value Fund		19,497,729
	6,744,580	TIAA-CREF Small-Cap Equity Fund		121,402,440
		TOTAL U.S. EQUITY		1,506,717,621

		TOTAL TIAA-CREF FUNDS		2,419,328,909
		(Cost $2,064,082,425)

		TOTAL INVESTMENTS - 99.6%		2,419,328,909
		(Cost $2,064,082,425)
		OTHER ASSETS & LIABILITIES, NET - 0.4%		9,830,808
		NET ASSETS - 100.0%	$	2,429,159,717

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2045 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2045 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES		SECURITY	VALUE

TIAA-CREF FUNDS - 99.3%(a)

FIXED INCOME - 10.1%
	2,562,607	TIAA-CREF Bond Plus Fund	$	26,548,607
	3,891,732	TIAA-CREF High-Yield Fund		39,540,000
		TOTAL FIXED INCOME		66,088,607

INTERNATIONAL EQUITY - 27.4%
	3,408,872	TIAA-CREF Emerging Markets Equity Fund		34,225,079
	6,550,736	TIAA-CREF Enhanced International Equity Index Fund		49,261,534
	1,643,147	TIAA-CREF Global Natural Resources Fund		15,379,860
	5,745,015	TIAA-CREF International Equity Fund		59,058,756
	2,282,203	TIAA-CREF International Opportunities Fund		22,593,814
		TOTAL INTERNATIONAL EQUITY		180,519,043

SHORT-TERM FIXED INCOME - 0.0%
	73,286	TIAA-CREF Money Market Fund		73,286
		TOTAL SHORT-TERM FIXED INCOME		73,286

U.S. EQUITY - 61.8%
	7,072,703	TIAA-CREF Enhanced Large-Cap Growth Index Fund		74,546,293
	7,450,675	TIAA-CREF Enhanced Large-Cap Value Index Fund		73,612,665
	5,523,497	TIAA-CREF Growth & Income Fund		64,238,265
	5,585,555	TIAA-CREF Large-Cap Growth Fund		76,131,113
	4,438,381	TIAA-CREF Large-Cap Value Fund		74,653,571
	233,302	TIAA-CREF Mid-Cap Growth Fund		5,454,611
	235,048	TIAA-CREF Mid-Cap Value Fund		5,086,433
	1,821,186	TIAA-CREF Small-Cap Equity Fund		32,781,354
		TOTAL U.S. EQUITY		406,504,305

		TOTAL TIAA-CREF FUNDS		653,185,241
		(Cost $562,116,167)

		TOTAL INVESTMENTS - 99.3%		653,185,241
		(Cost $562,116,167)
		OTHER ASSETS & LIABILITIES, NET - 0.7%		4,615,452
		NET ASSETS - 100.0%	$	657,800,693

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2050 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2050 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES		SECURITY	VALUE

TIAA-CREF FUNDS - 99.4%(a)

FIXED INCOME - 10.1%
	1,412,185	TIAA-CREF Bond Plus Fund	$	14,630,242
	2,153,775	TIAA-CREF High-Yield Fund		21,882,349
		TOTAL FIXED INCOME		36,512,591

INTERNATIONAL EQUITY - 27.5%
	1,873,220	TIAA-CREF Emerging Markets Equity Fund		18,807,129
	3,609,372	TIAA-CREF Enhanced International Equity Index Fund		27,142,475
	905,173	TIAA-CREF Global Natural Resources Fund		8,472,420
	3,175,048	TIAA-CREF International Equity Fund		32,639,490
	1,280,501	TIAA-CREF International Opportunities Fund		12,676,959
		TOTAL INTERNATIONAL EQUITY		99,738,473

SHORT-TERM FIXED INCOME - 0.0%
	40,285	TIAA-CREF Money Market Fund		40,285
		TOTAL SHORT-TERM FIXED INCOME		40,285

U.S. EQUITY - 61.8%
	3,908,033	TIAA-CREF Enhanced Large-Cap Growth Index Fund		41,190,664
	4,116,969	TIAA-CREF Enhanced Large-Cap Value Index Fund		40,675,652
	3,053,933	TIAA-CREF Growth & Income Fund		35,517,240
	3,080,149	TIAA-CREF Large-Cap Growth Fund		41,982,426
	2,452,631	TIAA-CREF Large-Cap Value Fund		41,253,253
	129,358	TIAA-CREF Mid-Cap Growth Fund		3,024,401
	126,423	TIAA-CREF Mid-Cap Value Fund		2,735,784
	1,005,903	TIAA-CREF Small-Cap Equity Fund		18,106,255
		TOTAL U.S. EQUITY		224,485,675

		TOTAL TIAA-CREF FUNDS		360,777,024
		(Cost $312,291,762)

		TOTAL INVESTMENTS - 99.4%		360,777,024
		(Cost $312,291,762)
		OTHER ASSETS & LIABILITIES, NET - 0.6%		2,290,488
		NET ASSETS - 100.0%	$	363,067,512

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2055 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2055 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES		SECURITY	VALUE

TIAA-CREF FUNDS - 99.0%(a)

FIXED INCOME - 10.1%
	154,890	TIAA-CREF Bond Plus Fund	$	1,604,665
	236,915	TIAA-CREF High-Yield Fund		2,407,055
		TOTAL FIXED INCOME		4,011,720

INTERNATIONAL EQUITY - 27.3%
	203,653	TIAA-CREF Emerging Markets Equity Fund		2,044,678
	395,948	TIAA-CREF Enhanced International Equity Index Fund		2,977,533
	94,560	TIAA-CREF Global Natural Resources Fund		885,081
	348,061	TIAA-CREF International Equity Fund		3,578,062
	147,316	TIAA-CREF International Opportunities Fund		1,458,429
		TOTAL INTERNATIONAL EQUITY		10,943,783

SHORT-TERM FIXED INCOME - 0.0%
	4,372	TIAA-CREF Money Market Fund		4,372
		TOTAL SHORT-TERM FIXED INCOME		4,372

U.S. EQUITY - 61.6%
	428,724	TIAA-CREF Enhanced Large-Cap Growth Index Fund		4,518,749
	452,412	TIAA-CREF Enhanced Large-Cap Value Index Fund		4,469,835
	335,552	TIAA-CREF Growth & Income Fund		3,902,475
	339,029	TIAA-CREF Large-Cap Growth Fund		4,620,959
	270,404	TIAA-CREF Large-Cap Value Fund		4,548,198
	14,247	TIAA-CREF Mid-Cap Growth Fund		333,103
	13,590	TIAA-CREF Mid-Cap Value Fund		294,091
	110,504	TIAA-CREF Small-Cap Equity Fund		1,989,072
		TOTAL U.S. EQUITY		24,676,482

		TOTAL TIAA-CREF FUNDS		39,636,357
		(Cost $36,356,490)

		TOTAL INVESTMENTS - 99.0%		39,636,357
		(Cost $36,356,490)
		OTHER ASSETS & LIABILITIES, NET - 1.0%		398,098
		NET ASSETS - 100.0%	$	40,034,455

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

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

Note 1—organization and significant accounting policies

The Lifecycle Funds (collectively the “Funds,” each individually referred to as a “Fund”) are a sub-family of mutual funds offered by the TIAA-CREF Funds (the “Trust”), 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.

Each Fund is a “fund of funds” that diversifies its assets by investing in Institutional Class shares of other funds of the Trust and potentially other investment pools or investment products. 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, which is registered with the Commission as an investment adviser, 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: The Funds’ investments in securities are recorded at their estimated fair value as described in the valuation of investments note to the schedules of investments.

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

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.

TIAA-CREF Lifecycle 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:

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.

Transfers between levels are recognized at the end of the reporting period. For the period ended August 31, 2013, there were no transfers between levels by the Funds.

As of August 31, 2013, all of the investments in the Funds were valued based on Level 1 inputs.

Note 3—affiliates

Investments in other investment companies advised by Advisors are deemed to be affiliated investments. The Funds invest their assets in Institutional Class shares of the affiliated TIAA-CREF Funds. Information regarding transactions with affiliated companies is as follows:

Issue	Value at May 31, 2013		Purchases cost		Sales proceeds		Realized gain(loss)			Dividend income		Value at August 31, 2013
Lifecycle Retirement Income
TIAA-CREF Bond	$	83,575,611	$	2,339,996	$	4,718,375	$	(286,648	)	$	492,416	$	78,712,222
TIAA-CREF Bond Plus		1,130,120		6,747,284		17,477		(938	)		22,116		7,776,639
TIAA-CREF Emerging Markets Equity		6,537,626		399,154		528,532		(59,882	)		—		5,813,616
TIAA-CREF Enhanced International Equity Index		7,297,000		457,993		1,045,219		20,340			—		6,731,981
TIAA-CREF Enhanced Large-Cap Growth Index		11,252,000		754,131		726,207		(5,434	)		—		11,367,368
TIAA-CREF Enhanced Large-Cap Value Index		12,190,046		229,762		1,349,434		67,982			—		11,208,687
TIAA-CREF Global Natural Resources		2,798,757		128,514		421,651		(42,942	)		—		2,444,303
TIAA-CREF Growth & Income		10,467,054		116,036		771,454		23,905			38,775		9,928,739
TIAA-CREF High-Yield		5,697,995		362,413		94,597		(5,059	)		79,391		5,761,904
TIAA-CREF Inflation-Linked Bond		10,797,949		13,019,360		273,029		(20,814	)		155,016		22,832,144
TIAA-CREF International Equity		9,585,972		954,067		462,596		(1,363	)		—		10,123,918
TIAA-CREF International Opportunities		1,695,347		1,809,478		—		—			—		3,439,937
TIAA-CREF Large-Cap Growth		11,482,605		593,683		529,439		996			—		11,814,232
TIAA-CREF Large-Cap Value		12,389,440		288,302		1,207,668		27,175			—		11,613,404
TIAA-CREF Mid-Cap Growth		573,132		222,979		59,286		(143	)		—		756,561
TIAA-CREF Mid-Cap Value		710,770		18,402		88,007		3,470			—		648,694
TIAA-CREF Money Market		742,186		3,155		719,938		—			2		25,404
TIAA-CREF Short-Term Bond		34,312,701		1,043,785		11,897,662		(174,316	)		90,830		23,094,188
TIAA-CREF Small-Cap Equity		5,150,985		143,868		429,132		19,633			—		5,095,236
	$	228,387,296	$	29,632,362	$	25,339,703	$	(434,038	)	$	878,546	$	229,189,177

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

Issue	Value at May 31, 2013		Purchases cost		Sales proceeds		Realized gain(loss)			Dividend income		Value at August 31, 2013
Lifecycle 2010
TIAA-CREF Bond	$	318,107,409	$	5,518,835	$	15,303,225	$	(708,371	)	$	1,874,944	$	298,844,836
TIAA-CREF Bond Plus		7,838,148		25,283,363		—		—			106,901		32,723,554
TIAA-CREF Emerging Markets Equity		30,345,106		1,106,579		1,284,975		(148,955	)		—		27,403,671
TIAA-CREF Enhanced International Equity Index		35,636,936		1,040,220		3,793,334		253,422			—		32,989,666
TIAA-CREF Enhanced Large-Cap Growth Index		54,315,479		1,608,031		2,173,219		223,540			—		54,127,198
TIAA-CREF Enhanced Large-Cap Value Index		58,640,965		—		5,971,602		1,006,769			—		53,320,106
TIAA-CREF Global Natural Resources		13,047,961		147,363		1,736,020		(175,358	)		—		11,169,717
TIAA-CREF Growth & Income		50,233,038		—		3,847,326		607,890			184,389		46,928,272
TIAA-CREF High-Yield		26,348,542		770,672		48,273		(1,871	)		364,568		26,133,333
TIAA-CREF Inflation-Linked Bond		44,623,959		25,114,677		590,784		(56,938	)		445,681		66,599,022
TIAA-CREF International Equity		45,850,953		1,267,004		1,206,501		87,213			—		46,169,174
TIAA-CREF International Opportunities		7,994,147		7,132,495		—		—			—		14,825,348
TIAA-CREF Large-Cap Growth		53,835,122		1,467,200		1,037,334		16,505			—		55,528,511
TIAA-CREF Large-Cap Value		58,139,832		653,208		4,881,752		520,873			—		54,610,206
TIAA-CREF Mid-Cap Growth		2,926,880		472,246		139,179		32,926			—		3,358,827
TIAA-CREF Mid-Cap Value		3,585,300		3,424		449,168		125,239			—		3,178,690
TIAA-CREF Money Market		3,216,212		12,543		3,178,967		—			8		49,789
TIAA-CREF Short-Term Bond		85,643,179		2,927,511		20,782,757		(304,694	)		253,008		66,848,242
TIAA-CREF Small-Cap Equity		24,520,217		223,745		1,919,495		311,523			—		23,920,976
	$	924,849,385	$	74,749,116	$	68,343,911	$	1,789,713		$	3,229,499	$	918,729,138
Lifecycle 2015
TIAA-CREF Bond	$	429,565,327	$	9,351,966	$	11,754,318	$	345,802		$	2,564,433	$	414,268,383
TIAA-CREF Bond Plus		19,573,642		40,196,463		9,526		219			217,019		58,893,442
TIAA-CREF Emerging Markets Equity		50,504,931		2,321,035		1,109,821		80,966			—		47,062,997
TIAA-CREF Enhanced International Equity Index		61,155,958		2,915,943		5,514,397		1,047,014			—		58,692,961
TIAA-CREF Enhanced Large-Cap Growth Index		92,164,500		5,756,685		3,580,914		999,506			—		94,986,048
TIAA-CREF Enhanced Large-Cap Value Index		99,566,848		84,021		6,454,120		2,135,870			—		94,217,762
TIAA-CREF Global Natural Resources		21,677,967		422,855		1,501,657		(9,409	)		—		20,103,038
TIAA-CREF Growth & Income		84,818,631		417,986		4,167,187		1,538,278			312,159		81,965,272
TIAA-CREF High-Yield		47,329,501		2,073,653		35,936		4,240			658,901		47,676,797
TIAA-CREF Inflation-Linked Bond		69,068,996		9,908,568		1,148,711		171,249			478,345		74,353,413
TIAA-CREF International Equity		76,620,389		3,709,079		1,359,146		354,908			—		79,356,088
TIAA-CREF International Opportunities		13,560,317		13,435,084		—		—			—		26,457,153
TIAA-CREF Large-Cap Growth		92,252,243		4,283,357		1,575,525		753,905			—		97,058,750
TIAA-CREF Large-Cap Value		99,645,543		1,296,280		6,423,664		2,326,971			—		95,612,469
TIAA-CREF Mid-Cap Growth		5,180,942		1,391,394		238,162		70,938			—		6,510,424
TIAA-CREF Mid-Cap Value		6,289,369		35,225		659,499		233,007			—		5,732,002
TIAA-CREF Money Market		4,765,963		4,470		4,627,114		—			11		143,320
TIAA-CREF Short-Term Bond		71,207,184		6,038,872		1,793,627		80,066			259,212		74,608,210
TIAA-CREF Small-Cap Equity		41,483,737		210,226		2,107,797		837,992			—		41,413,847
	$	1,386,431,988	$	103,853,162	$	54,061,121	$	10,971,522		$	4,490,080	$	1,419,112,376

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

Issue	Value at May 31, 2013		Purchases cost		Sales proceeds		Realized gain(loss)			Dividend income		Value at August 31, 2013
Lifecycle 2020
TIAA-CREF Bond	$	446,266,526	$	13,448,423	$	14,606,191	$	356,117		$	2,683,446	$	431,629,616
TIAA-CREF Bond Plus		51,212,604		57,593,821		—		—			460,264		106,841,999
TIAA-CREF Emerging Markets Equity		74,682,972		4,039,563		1,002,743		94,065			—		70,778,404
TIAA-CREF Enhanced International Equity Index		93,460,287		5,883,228		7,145,630		1,493,731			—		92,326,184
TIAA-CREF Enhanced Large-Cap Growth Index		139,954,497		8,990,835		4,778,719		1,833,123			—		145,188,801
TIAA-CREF Enhanced Large-Cap Value Index		151,149,214		388,727		8,074,192		3,117,176			—		144,960,622
TIAA-CREF Global Natural Resources		32,067,020		709,444		1,176,255		(7,313	)		—		30,856,968
TIAA-CREF Growth & Income		128,279,547		1,869,312		5,470,169		2,121,895			472,745		126,012,570
TIAA-CREF High-Yield		79,903,196		5,650,224		—		—			1,125,461		82,684,929
TIAA-CREF Inflation-Linked Bond		55,048,452		9,157,029		88,889		10,147			387,442		61,247,624
TIAA-CREF International Equity		114,118,991		6,590,650		918,251		252,579			—		120,359,016
TIAA-CREF International Opportunities		20,360,567		22,441,360		—		—			—		41,956,559
TIAA-CREF Large-Cap Growth		138,496,927		9,024,136		1,312,730		652,660			—		149,419,756
TIAA-CREF Large-Cap Value		149,655,699		2,179,234		7,054,315		2,628,606			—		146,351,844
TIAA-CREF Mid-Cap Growth		8,163,985		2,180,026		332,523		97,369			—		10,307,308
TIAA-CREF Mid-Cap Value		9,837,430		23,888		601,540		212,888			—		9,351,997
TIAA-CREF Money Market		6,270,815		8,330		6,088,959		—			15		190,186
TIAA-CREF Short-Term Bond		56,870,648		5,868,017		—		—			210,095		62,070,075
TIAA-CREF Small-Cap Equity		62,578,229		1,595,961		2,604,091		1,191,638			—		64,319,510
	$	1,818,377,606	$	157,642,208	$	61,255,197	$	14,054,681		$	5,339,468	$	1,896,853,968
Lifecycle 2025
TIAA-CREF Bond	$	312,737,397	$	12,164,584	$	21,967,753	$	336,909		$	1,872,833	$	293,480,664
TIAA-CREF Bond Plus		85,012,645		60,620,033		101,754		2,544			689,346		142,485,223
TIAA-CREF Emerging Markets Equity		81,478,739		4,574,032		585,258		59,940			—		77,856,760
TIAA-CREF Enhanced International Equity Index		104,442,692		7,016,808		6,905,631		1,528,229			—		104,662,422
TIAA-CREF Enhanced Large-Cap Growth Index		155,785,407		10,086,088		4,810,173		1,916,001			—		162,214,176
TIAA-CREF Enhanced Large-Cap Value Index		168,121,592		365,649		8,202,899		3,231,182			—		161,920,376
TIAA-CREF Global Natural Resources		34,886,249		925,158		937,995		(13,345	)		—		34,048,775
TIAA-CREF Growth & Income		142,047,824		1,890,597		4,959,220		2,042,148			524,830		140,427,642
TIAA-CREF High-Yield		95,641,776		8,221,760		101,754		14,905			1,356,050		100,306,141
TIAA-CREF Inflation-Linked Bond		19,370,682		4,744,964		29,247		1,046			140,045		23,041,356
TIAA-CREF International Equity		125,150,022		6,859,814		522,082		143,852			—		132,119,188
TIAA-CREF International Opportunities		22,574,620		25,465,849		—		—			—		47,102,071
TIAA-CREF Large-Cap Growth		153,926,390		9,729,215		818,437		420,907			—		166,409,616
TIAA-CREF Large-Cap Value		166,402,066		2,133,499		7,150,892		2,684,916			—		163,094,485
TIAA-CREF Mid-Cap Growth		9,348,682		2,049,189		361,524		118,907			—		11,381,227
TIAA-CREF Mid-Cap Value		11,191,388		47,545		618,941		228,222			—		10,724,187
TIAA-CREF Money Market		6,138,167		9,000		5,959,635		—			14		187,533
TIAA-CREF Short-Term Bond		20,112,164		3,557,952		101,754		784			77,351		23,323,113
TIAA-CREF Small-Cap Equity		69,383,222		1,685,526		2,529,310		1,226,464			—		71,587,301
	$	1,783,751,724	$	162,147,262	$	66,664,259	$	13,943,611		$	4,660,469	$	1,866,372,256

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

Issue	Value at May 31, 2013		Purchases cost		Sales proceeds		Realized gain(loss)			Dividend income		Value at August 31, 2013
Lifecycle 2030
TIAA-CREF Bond	$	175,315,885	$	8,082,567	$	29,727,253	$	(154,859	)	$	1,021,311	$	148,404,014
TIAA-CREF Bond Plus		100,287,296		62,207,665		109,125		2,728			796,483		158,863,591
TIAA-CREF Emerging Markets Equity		85,645,615		5,181,008		224,483		22,991			—		82,552,025
TIAA-CREF Enhanced International Equity Index		111,840,167		8,241,878		6,379,172		1,446,064			—		113,750,638
TIAA-CREF Enhanced Large-Cap Growth Index		165,773,346		11,656,741		4,024,364		1,626,334			—		174,639,569
TIAA-CREF Enhanced Large-Cap Value Index		178,829,225		472,813		8,196,782		3,266,950			—		172,843,519
TIAA-CREF Global Natural Resources		36,479,991		1,250,546		991,661		(14,084	)		—		35,870,423
TIAA-CREF Growth & Income		150,972,557		1,986,014		4,114,953		1,739,829			560,021		150,366,547
TIAA-CREF High-Yield		100,931,130		9,533,024		19,962		2,378			1,442,490		106,777,949
TIAA-CREF International Equity		131,975,290		7,979,479		303,281		83,239			—		140,312,541
TIAA-CREF International Opportunities		24,014,100		27,067,366		—		—			—		50,126,931
TIAA-CREF Large-Cap Growth		164,489,862		10,477,165		714,969		384,700			—		178,050,758
TIAA-CREF Large-Cap Value		177,470,325		2,298,054		6,174,027		2,378,411			—		175,340,962
TIAA-CREF Mid-Cap Growth		10,159,137		2,176,400		336,293		124,572			—		12,378,027
TIAA-CREF Mid-Cap Value		12,117,154		65,055		451,735		169,902			—		11,839,260
TIAA-CREF Money Market		5,863,894		10,025		5,693,557		—			14		180,361
TIAA-CREF Small-Cap Equity		73,643,232		1,005,339		1,910,016		960,332			—		75,976,276
	$	1,705,808,206	$	159,691,139	$	69,371,633	$	12,039,487		$	3,820,319	$	1,788,273,391
Lifecycle 2035
TIAA-CREF Bond	$	42,782,515	$	14,420,005	$	12,471,226	$	(377,940	)	$	246,867	$	43,369,785
TIAA-CREF Bond Plus		101,203,549		23,986,794		277,854		6,793			748,193		121,563,615
TIAA-CREF Emerging Markets Equity		94,594,114		5,823,964		—		—			—		91,515,838
TIAA-CREF Enhanced International Equity Index		125,484,765		9,593,276		5,927,400		1,416,262			—		129,168,110
TIAA-CREF Enhanced Large-Cap Growth Index		185,180,843		14,772,544		4,211,356		1,737,919			—		197,136,340
TIAA-CREF Enhanced Large-Cap Value Index		199,809,557		642,441		9,575,522		3,867,393			—		192,845,871
TIAA-CREF Global Natural Resources		40,303,873		1,386,431		654,264		(7,321	)		—		40,078,464
TIAA-CREF Growth & Income		168,141,734		2,367,740		4,182,321		1,827,235			625,196		168,033,235
TIAA-CREF High-Yield		101,792,402		12,023,579		196,394		22,404			1,468,367		109,881,965
TIAA-CREF International Equity		145,987,401		9,052,855		57,307		15,548			—		155,723,160
TIAA-CREF International Opportunities		26,767,938		30,926,966		—		—			—		56,681,621
TIAA-CREF Large-Cap Growth		183,399,227		11,081,766		379,058		198,886			—		198,354,479
TIAA-CREF Large-Cap Value		198,042,205		2,712,970		4,081,560		1,788,446			—		198,502,466
TIAA-CREF Mid-Cap Growth		11,536,062		2,450,567		343,314		136,476			—		14,077,917
TIAA-CREF Mid-Cap Value		13,717,313		78,475		525,428		202,077			—		13,396,122
TIAA-CREF Money Market		5,706,777		14,070		5,534,465		—			13		186,382
TIAA-CREF Small-Cap Equity		82,049,743		1,273,123		1,445,884		729,132			—		85,471,571
	$	1,726,500,018	$	142,607,566	$	49,863,353	$	11,563,310		$	3,088,636	$	1,815,986,941

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

Issue	Value at May 31, 2013		Purchases cost		Sales proceeds		Realized gain(loss)			Dividend income		Value at August 31, 2013
Lifecycle 2040
TIAA-CREF Bond Plus	$	90,328,914	$	11,659,207	$	619,894	$	9,135		$	619,098	$	98,447,491
TIAA-CREF Emerging Markets Equity		133,374,861		8,042,434		—		—			—		128,863,428
TIAA-CREF Enhanced International Equity Index		178,254,309		12,707,969		7,973,533		1,937,420			—		183,016,530
TIAA-CREF Enhanced Large-Cap Growth Index		262,609,814		17,302,919		5,559,340		2,293,793			—		276,313,118
TIAA-CREF Enhanced Large-Cap Value Index		283,365,227		328,256		13,429,508		5,443,436			—		273,039,000
TIAA-CREF Global Natural Resources		56,610,060		2,024,300		1,691,213		(12,449	)		—		55,602,971
TIAA-CREF Growth & Income		238,243,202		1,007,283		5,943,226		2,602,836			885,435		235,717,041
TIAA-CREF High-Yield		136,933,719		15,761,474		1,017,646		102,880			1,968,929		146,627,183
TIAA-CREF International Equity		205,893,929		11,721,652		15,506		4,237			—		218,650,733
TIAA-CREF International Opportunities		37,911,006		44,679,141		—		—			—		81,129,698
TIAA-CREF Large-Cap Growth		259,744,245		16,848,662		593,347		309,990			—		282,059,097
TIAA-CREF Large-Cap Value		280,496,335		3,571,519		7,803,144		3,425,233			—		278,823,843
TIAA-CREF Mid-Cap Growth		16,501,708		3,228,226		492,417		217,035			—		19,865,353
TIAA-CREF Mid-Cap Value		19,595,356		191,317		459,775		174,637			—		19,497,729
TIAA-CREF Money Market		7,692,364		40,987		7,460,097		—			19		273,254
TIAA-CREF Small-Cap Equity		116,267,537		2,089,610		2,052,053		1,031,055			—		121,402,440
	$	2,323,822,586	$	151,204,956	$	55,110,699	$	17,539,238		$	3,473,481	$	2,419,328,909
Lifecycle 2045
TIAA-CREF Bond Plus	$	23,037,275	$	4,344,272	$	75,350	$	(4,057	)	$	162,541	$	26,548,607
TIAA-CREF Emerging Markets Equity		34,192,423		3,310,857		5,973		(926	)		—		34,225,079
TIAA-CREF Enhanced International Equity Index		45,699,423		5,946,927		2,359,770		12,777			—		49,261,534
TIAA-CREF Enhanced Large-Cap Growth Index		66,999,976		7,660,880		618,886		(6,531	)		—		74,546,293
TIAA-CREF Enhanced Large-Cap Value Index		72,367,455		1,331,783		744,917		(2,608	)		—		73,612,665
TIAA-CREF Global Natural Resources		14,544,872		1,188,113		—		—			—		15,379,860
TIAA-CREF Growth & Income		60,744,812		3,547,021		641,114		2,785			229,427		64,238,265
TIAA-CREF High-Yield		35,217,279		5,636,252		—		—			518,333		39,540,000
TIAA-CREF International Equity		52,450,275		6,386,105		33,960		(734	)		—		59,058,756
TIAA-CREF International Opportunities		9,742,424		13,254,897		1,120		(68	)		—		22,593,814
TIAA-CREF Large-Cap Growth		67,211,738		7,498,428		137,261		(4,582	)		—		76,131,113
TIAA-CREF Large-Cap Value		72,388,174		2,297,747		692,504		(302	)		—		74,653,571
TIAA-CREF Mid-Cap Growth		4,219,050		1,139,145		73,971		488			—		5,454,611
TIAA-CREF Mid-Cap Value		5,011,201		92,572		62,844		(574	)		—		5,086,433
TIAA-CREF Money Market		2,004,612		13,204		1,944,530		—			5		73,286
TIAA-CREF Small-Cap Equity		29,783,095		1,907,641		222,891		(3,291	)		—		32,781,354
	$	595,614,084	$	65,555,844	$	7,615,091	$	(7,623	)	$	910,306	$	653,185,241

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

Issue	Value at May 31, 2013		Purchases cost		Sales proceeds		Realized gain(loss)			Dividend income		Value at August 31, 2013
Lifecycle 2050
TIAA-CREF Bond Plus	$	12,512,483	$	2,601,927	$	67,430	$	(3,262	)	$	89,322	$	14,630,242
TIAA-CREF Emerging Markets Equity		18,734,601		1,873,920		6,902		(917	)		—		18,807,129
TIAA-CREF Enhanced International Equity Index		25,043,057		3,596,446		1,482,490		10,914			—		27,142,475
TIAA-CREF Enhanced Large-Cap Growth Index		36,694,091		4,612,121		389,092		(3,597	)		—		41,190,664
TIAA-CREF Enhanced Large-Cap Value Index		39,650,596		1,224,768		555,737		1,395			—		40,675,652
TIAA-CREF Global Natural Resources		7,966,483		699,688		—		—			—		8,472,420
TIAA-CREF Growth & Income		33,235,345		2,327,074		362,897		2,286			125,850		35,517,240
TIAA-CREF High-Yield		19,190,857		3,414,404		—		—			284,879		21,882,349
TIAA-CREF International Equity		28,664,588		3,871,025		32,245		(632	)		—		32,639,490
TIAA-CREF International Opportunities		5,337,165		7,577,311		—		—			—		12,676,959
TIAA-CREF Large-Cap Growth		36,841,092		4,385,607		95,233		(3,016	)		—		41,982,426
TIAA-CREF Large-Cap Value		39,673,334		1,799,779		573,626		4,817			—		41,253,253
TIAA-CREF Mid-Cap Growth		2,312,362		659,939		40,873		127			—		3,024,401
TIAA-CREF Mid-Cap Value		2,746,851		95,120		134,083		4,435			—		2,735,784
TIAA-CREF Money Market		1,092,776		7,408		1,059,898		—			3		40,285
TIAA-CREF Small-Cap Equity		16,322,873		1,210,917		144,495		(2,318	)		—		18,106,255
	$	326,018,554	$	39,957,454	$	4,945,001	$	10,232		$	500,054	$	360,777,024
Lifecycle 2055
TIAA-CREF Bond Plus	$	1,291,213	$	356,771	$	—	$	—		$	9,404	$	1,604,665
TIAA-CREF Emerging Markets Equity		1,900,421		337,246		6,846		(1,276	)		—		2,044,678
TIAA-CREF Enhanced International Equity Index		2,535,500		592,017		144,235		(513	)		—		2,977,533
TIAA-CREF Enhanced Large-Cap Growth Index		3,695,533		796,085		—		—			—		4,518,749
TIAA-CREF Enhanced Large-Cap Value Index		4,001,939		440,575		1,410		(27	)		—		4,469,835
TIAA-CREF Global Natural Resources		801,521		136,800		33,835		(3,972	)		—		885,081
TIAA-CREF Growth & Income		3,343,702		529,084		376		(7	)		12,963		3,902,475
TIAA-CREF High-Yield		1,966,828		515,128		—		—			30,091		2,407,055
TIAA-CREF International Equity		2,873,148		695,068		601		(27	)		—		3,578,062
TIAA-CREF International Opportunities		543,009		939,526		—		—			—		1,458,429
TIAA-CREF Large-Cap Growth		3,743,487		792,258		2,155		(68	)		—		4,620,959
TIAA-CREF Large-Cap Value		4,034,798		485,494		957		(18	)		—		4,548,198
TIAA-CREF Mid-Cap Growth		233,017		90,272		—		—			—		333,103
TIAA-CREF Mid-Cap Value		277,072		17,734		3,270		60			—		294,091
TIAA-CREF Money Market		109,458		1,034		106,120		—			—		4,372
TIAA-CREF Small-Cap Equity		1,649,970		268,108		1,580		(16	)		—		1,989,072
	$	33,000,616	$	6,993,200	$	301,385	$	(5,864	)	$	52,458	$	39,636,357

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

Note 4—investments

Net unrealized appreciation (depreciation): At August 31, 2013, 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)
Lifecycle Retirement Income	$	210,661,859	$	20,511,406	$	(1,984,088	)	$	18,527,318
Lifecycle 2010		821,559,252		101,864,087		(4,694,201	)		97,169,886
Lifecycle 2015		1,326,602,621		113,169,523		(20,659,768	)		92,509,755
Lifecycle 2020		1,741,248,301		182,318,215		(26,712,548	)		155,605,667
Lifecycle 2025		1,685,429,311		204,817,682		(23,874,737	)		180,942,945
Lifecycle 2030		1,579,966,261		227,773,714		(19,466,584	)		208,307,130
Lifecycle 2035		1,571,767,647		260,005,170		(15,785,876	)		244,219,294
Lifecycle 2040		2,064,082,425		375,040,865		(19,794,381	)		355,246,484
Lifecycle 2045		562,116,167		94,639,040		(3,569,966	)		91,069,074
Lifecycle 2050		312,291,762		50,458,636		(1,973,374	)		48,485,262
Lifecycle 2055		36,356,490		3,511,087		(231,220	)		3,279,867

TIAA-CREF LIFECYCLE INDEX FUNDS – Lifecycle Index Retirement Income Fund

TIAA-CREF LIFECYCLE INDEX FUNDS

LIFECYCLE INDEX RETIREMENT INCOME FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES	SECURITY	VALUE

TIAA-CREF FUNDS - 100.0%(a)

FIXED INCOME - 50.2%
1,328,366	TIAA-CREF Bond Index Fund	$	14,000,975
	TOTAL FIXED INCOME		14,000,975

INFLATION-PROTECTED ASSETS - 10.0%
244,909	TIAA-CREF Inflation-Linked Bond Fund		2,784,621
	TOTAL INFLATION-PROTECTED ASSETS		2,784,621

INTERNATIONAL EQUITY - 12.0%
78,519	TIAA-CREF Emerging Markets Equity Index Fund		761,637
147,730	TIAA-CREF International Equity Index Fund		2,571,979
	TOTAL INTERNATIONAL EQUITY		3,333,616

U.S. EQUITY - 27.8%
613,334	TIAA-CREF Equity Index Fund		7,746,409
	TOTAL U.S. EQUITY		7,746,409

	TOTAL TIAA-CREF FUNDS		27,865,621
	(Cost $25,827,683)

	TOTAL INVESTMENTS - 100.0%		27,865,621
	(Cost $25,827,683)
	OTHER ASSETS & LIABILITIES, NET - 0.0%		(8,904	)
	NET ASSETS - 100.0%	$	27,856,717

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE INDEX FUNDS – Lifecycle Index 2010 Fund

TIAA-CREF LIFECYCLE INDEX FUNDS

LIFECYCLE INDEX 2010 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES	SECURITY	VALUE

TIAA-CREF FUNDS - 99.6%(a)

FIXED INCOME - 46.0%
5,304,571	TIAA-CREF Bond Index Fund	$	55,910,176
	TOTAL FIXED INCOME		55,910,176

INFLATION-PROTECTED ASSETS - 7.2%
771,454	TIAA-CREF Inflation-Linked Bond Fund		8,771,436
	TOTAL INFLATION-PROTECTED ASSETS		8,771,436

INTERNATIONAL EQUITY - 14.0%
399,439	TIAA-CREF Emerging Markets Equity Index Fund		3,874,563
754,555	TIAA-CREF International Equity Index Fund		13,136,808
	TOTAL INTERNATIONAL EQUITY		17,011,371

U.S. EQUITY - 32.4%
3,114,694	TIAA-CREF Equity Index Fund		39,338,579
	TOTAL U.S. EQUITY		39,338,579

	TOTAL TIAA-CREF FUNDS		121,031,562
	(Cost $108,477,011)

	TOTAL INVESTMENTS - 99.6%		121,031,562
	(Cost $108,477,011)
	OTHER ASSETS & LIABILITIES, NET - 0.4%		522,302
	NET ASSETS - 100.0%	$	121,553,864

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE INDEX FUNDS – Lifecycle Index 2015 Fund

TIAA-CREF LIFECYCLE INDEX FUNDS

LIFECYCLE INDEX 2015 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES	SECURITY	VALUE

TIAA-CREF FUNDS - 99.5%(a)

FIXED INCOME - 41.8%
8,716,513	TIAA-CREF Bond Index Fund	$	91,872,049
	TOTAL FIXED INCOME		91,872,049

INFLATION-PROTECTED ASSETS - 5.2%
1,008,418	TIAA-CREF Inflation-Linked Bond Fund		11,465,712
	TOTAL INFLATION-PROTECTED ASSETS		11,465,712

INTERNATIONAL EQUITY - 15.8%
817,553	TIAA-CREF Emerging Markets Equity Index Fund		7,930,263
1,540,095	TIAA-CREF International Equity Index Fund		26,813,045
	TOTAL INTERNATIONAL EQUITY		34,743,308

U.S. EQUITY - 36.7%
6,370,718	TIAA-CREF Equity Index Fund		80,462,173
	TOTAL U.S. EQUITY		80,462,173

	TOTAL TIAA-CREF FUNDS		218,543,242
	(Cost $195,732,957)

	TOTAL INVESTMENTS - 99.5%		218,543,242
	(Cost $195,732,957)
	OTHER ASSETS & LIABILITIES, NET - 0.5%		1,067,779
	NET ASSETS - 100.0%	$	219,611,021

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE INDEX FUNDS – Lifecycle Index 2020 Fund

TIAA-CREF LIFECYCLE INDEX FUNDS

LIFECYCLE INDEX 2020 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES	SECURITY	VALUE

TIAA-CREF FUNDS - 99.5%(a)

FIXED INCOME - 35.9%
10,407,764	TIAA-CREF Bond Index Fund	$	109,697,830
	TOTAL FIXED INCOME		109,697,830

INFLATION-PROTECTED ASSETS - 3.2%
868,955	TIAA-CREF Inflation-Linked Bond Fund		9,880,014
	TOTAL INFLATION-PROTECTED ASSETS		9,880,014

INTERNATIONAL EQUITY - 18.2%
1,309,885	TIAA-CREF Emerging Markets Equity Index Fund		12,705,884
2,473,590	TIAA-CREF International Equity Index Fund		43,065,207
	TOTAL INTERNATIONAL EQUITY		55,771,091

U.S. EQUITY - 42.2%
10,199,375	TIAA-CREF Equity Index Fund		128,818,102
	TOTAL U.S. EQUITY		128,818,102

	TOTAL TIAA-CREF FUNDS		304,167,037
	(Cost $270,728,035)

	TOTAL INVESTMENTS - 99.5%		304,167,037
	(Cost $270,728,035)
	OTHER ASSETS & LIABILITIES, NET - 0.5%		1,460,252
	NET ASSETS - 100.0%	$	305,627,289

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE INDEX FUNDS – Lifecycle Index 2025 Fund

TIAA-CREF LIFECYCLE INDEX FUNDS

LIFECYCLE INDEX 2025 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES	SECURITY	VALUE

TIAA-CREF FUNDS - 99.5%(a)

FIXED INCOME - 29.9%
8,571,256	TIAA-CREF Bond Index Fund	$	90,341,039
	TOTAL FIXED INCOME		90,341,039

INFLATION-PROTECTED ASSETS - 1.2%
328,111	TIAA-CREF Inflation-Linked Bond Fund		3,730,627
	TOTAL INFLATION-PROTECTED ASSETS		3,730,627

INTERNATIONAL EQUITY - 20.7%
1,469,119	TIAA-CREF Emerging Markets Equity Index Fund		14,250,450
2,767,395	TIAA-CREF International Equity Index Fund		48,180,338
	TOTAL INTERNATIONAL EQUITY		62,430,788

U.S. EQUITY - 47.7%
11,425,475	TIAA-CREF Equity Index Fund		144,303,754
	TOTAL U.S. EQUITY		144,303,754

	TOTAL TIAA-CREF FUNDS		300,806,208
	(Cost $264,654,631)

	TOTAL INVESTMENTS - 99.5%		300,806,208
	(Cost $264,654,631)
	OTHER ASSETS & LIABILITIES, NET - 0.5%		1,547,061
	NET ASSETS - 100.0%	$	302,353,269

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE INDEX FUNDS – Lifecycle Index 2030 Fund

TIAA-CREF LIFECYCLE INDEX FUNDS

LIFECYCLE INDEX 2030 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES	SECURITY	VALUE

TIAA-CREF FUNDS - 99.5%(a)

FIXED INCOME - 23.1%
6,794,618	TIAA-CREF Bond Index Fund	$	71,615,275
	TOTAL FIXED INCOME		71,615,275

INTERNATIONAL EQUITY - 23.1%
1,682,948	TIAA-CREF Emerging Markets Equity Index Fund		16,324,592
3,170,137	TIAA-CREF International Equity Index Fund		55,192,089
	TOTAL INTERNATIONAL EQUITY		71,516,681

U.S. EQUITY - 53.3%
13,069,100	TIAA-CREF Equity Index Fund		165,062,727
	TOTAL U.S. EQUITY		165,062,727

	TOTAL TIAA-CREF FUNDS		308,194,683
	(Cost $265,092,548)

	TOTAL INVESTMENTS - 99.5%		308,194,683
	(Cost $265,092,548)
	OTHER ASSETS & LIABILITIES, NET - 0.5%		1,544,067
	NET ASSETS - 100.0%	$	309,738,750

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE INDEX FUNDS – Lifecycle Index 2035 Fund

TIAA-CREF LIFECYCLE INDEX FUNDS

LIFECYCLE INDEX 2035 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES	SECURITY	VALUE

TIAA-CREF FUNDS - 99.5%(a)

FIXED INCOME - 15.1%
4,311,627	TIAA-CREF Bond Index Fund	$	45,444,544
	TOTAL FIXED INCOME		45,444,544

INTERNATIONAL EQUITY - 25.5%
1,807,030	TIAA-CREF Emerging Markets Equity Index Fund		17,528,194
3,412,757	TIAA-CREF International Equity Index Fund		59,416,107
	TOTAL INTERNATIONAL EQUITY		76,944,301

U.S. EQUITY - 58.9%
14,054,990	TIAA-CREF Equity Index Fund		177,514,522
	TOTAL U.S. EQUITY		177,514,522

	TOTAL TIAA-CREF FUNDS		299,903,367
	(Cost $254,493,608)

	TOTAL INVESTMENTS - 99.5%		299,903,367
	(Cost $254,493,608)
	OTHER ASSETS & LIABILITIES, NET - 0.5%		1,601,464
	NET ASSETS - 100.0%	$	301,504,831

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE INDEX FUNDS – Lifecycle Index 2040 Fund

TIAA-CREF LIFECYCLE INDEX FUNDS

LIFECYCLE INDEX 2040 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES	SECURITY	VALUE

TIAA-CREF FUNDS - 99.4%(a)

FIXED INCOME - 10.1%
3,478,930	TIAA-CREF Bond Index Fund	$	36,667,917
	TOTAL FIXED INCOME		36,667,917

INTERNATIONAL EQUITY - 27.0%
2,308,666	TIAA-CREF Emerging Markets Equity Index Fund		22,394,060
4,341,462	TIAA-CREF International Equity Index Fund		75,584,857
	TOTAL INTERNATIONAL EQUITY		97,978,917

U.S. EQUITY - 62.3%
17,903,452	TIAA-CREF Equity Index Fund		226,120,602
	TOTAL U.S. EQUITY		226,120,602

	TOTAL TIAA-CREF FUNDS		360,767,436
	(Cost $299,334,866)

	TOTAL INVESTMENTS - 99.4%		360,767,436
	(Cost $299,334,866)
	OTHER ASSETS & LIABILITIES, NET - 0.6%		2,091,317
	NET ASSETS - 100.0%	$	362,858,753

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE INDEX FUNDS – Lifecycle Index 2045 Fund

TIAA-CREF LIFECYCLE INDEX FUNDS

LIFECYCLE INDEX 2045 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES	SECURITY	VALUE

TIAA-CREF FUNDS - 99.1%(a)

FIXED INCOME - 10.1%
1,395,593	TIAA-CREF Bond Index Fund	$	14,709,553
	TOTAL FIXED INCOME		14,709,553

INTERNATIONAL EQUITY - 26.9%
926,821	TIAA-CREF Emerging Markets Equity Index Fund		8,990,168
1,743,567	TIAA-CREF International Equity Index Fund		30,355,504
	TOTAL INTERNATIONAL EQUITY		39,345,672

U.S. EQUITY - 62.1%
7,188,699	TIAA-CREF Equity Index Fund		90,793,273
	TOTAL U.S. EQUITY		90,793,273

	TOTAL TIAA-CREF FUNDS		144,848,498
	(Cost $124,652,862)

	TOTAL INVESTMENTS - 99.1%		144,848,498
	(Cost $124,652,862)
	OTHER ASSETS & LIABILITIES, NET - 0.9%		1,365,204
	NET ASSETS - 100.0%	$	146,213,702

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE INDEX FUNDS – Lifecycle Index 2050 Fund

TIAA-CREF LIFECYCLE INDEX FUNDS

LIFECYCLE INDEX 2050 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES	SECURITY	VALUE

TIAA-CREF FUNDS - 99.2%(a)

FIXED INCOME - 10.1%
926,411	TIAA-CREF Bond Index Fund	$	9,764,374
	TOTAL FIXED INCOME		9,764,374

INTERNATIONAL EQUITY - 26.9%
614,519	TIAA-CREF Emerging Markets Equity Index Fund		5,960,834
1,157,608	TIAA-CREF International Equity Index Fund		20,153,948
	TOTAL INTERNATIONAL EQUITY		26,114,782

U.S. EQUITY - 62.2%
4,769,977	TIAA-CREF Equity Index Fund		60,244,810
	TOTAL U.S. EQUITY		60,244,810

	TOTAL TIAA-CREF FUNDS		96,123,966
	(Cost $82,935,958)

	TOTAL INVESTMENTS - 99.2%		96,123,966
	(Cost $82,935,958)
	OTHER ASSETS & LIABILITIES, NET - 0.8%		772,172
	NET ASSETS - 100.0%	$	96,896,138

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFECYCLE INDEX FUNDS – Lifecycle Index 2055 Fund

TIAA-CREF LIFECYCLE INDEX FUNDS

LIFECYCLE INDEX 2055 FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES	SECURITY	VALUE

TIAA-CREF FUNDS - 99.4%(a)

FIXED INCOME - 10.1%
175,830	TIAA-CREF Bond Index Fund	$	1,853,252
	TOTAL FIXED INCOME		1,853,252

INTERNATIONAL EQUITY - 27.0%
116,598	TIAA-CREF Emerging Markets Equity Index Fund		1,130,998
219,704	TIAA-CREF International Equity Index Fund		3,825,052
	TOTAL INTERNATIONAL EQUITY		4,956,050

U.S. EQUITY - 62.3%
906,258	TIAA-CREF Equity Index Fund		11,446,037
	TOTAL U.S. EQUITY		11,446,037

	TOTAL TIAA-CREF FUNDS		18,255,339
	(Cost $16,472,352)

	TOTAL INVESTMENTS - 99.4%		18,255,339
	(Cost $16,472,352)
	OTHER ASSETS & LIABILITIES, NET - 0.6%		114,614
	NET ASSETS - 100.0%	$	18,369,953

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF Lifecycle Index Funds - Notes to Schedules of Investments (unaudited)

Note 1—organization and significant accounting policies

The Lifecycle Index Funds (collectively, the “Funds,” each individually referred to as a “Fund”) are a sub-family of mutual funds offered by the TIAA-CREF Funds (the “Trust”), 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.

Each Fund is a “fund of funds” that diversifies its assets by investing in Institutional Class shares of other funds of the Trust and potentially other investment pools or investment products. 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, which is registered with the Commission as an investment adviser and provides investment management services for the Funds. The Funds offer Institutional, Retirement and Premier Classes of shares. Each class differs by the allocation of class-specific expenses and voting rights in matters affecting a single class.

Security valuation: The Funds’ investments in securities are recorded at their estimated fair value as described in the valuation of investments note to the schedules of investments.

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

Note 2—valuation of investments

•	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)

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

TIAA-CREF Lifecycle Index Funds - Notes to Schedules of Investments (unaudited)

Transfers between levels are recognized at the end of the reporting period. For the period ended August 31, 2013, there were no transfers between levels by the Funds.

As of August 31, 2013, all of the investments in the Funds were valued based on Level 1 inputs.

Note 3—affiliates

Issue	Value at May 31, 2013		Purchases cost		Sales proceeds		Realized gain(loss)			Dividend income		Value at August 31, 2013
Lifecycle Index Retirement Income
TIAA-CREF Bond Index	$	12,888,761	$	1,575,363	$	138,263	$	(5,857	)	$	61,428	$	14,000,975
TIAA-CREF Emerging Markets Equity Index		617,278		205,549		14,843		(2,452	)		—		761,637
TIAA-CREF Equity Index		7,936,920		619,897		930,908		56,292			—		7,746,409
TIAA-CREF Inflation-Linked Bond		2,536,557		403,635		24,409		(2,382	)		17,963		2,784,621
TIAA-CREF International Equity Index		1,914,193		656,404		9,461		(177	)		—		2,571,979
	$	25,893,709	$	3,460,848	$	1,117,884	$	45,424		$	79,391	$	27,865,621
Lifecycle Index 2010
TIAA-CREF Bond Index	$	54,624,002	$	4,656,635	$	2,012,243	$	(83,917	)	$	251,582	$	55,910,176
TIAA-CREF Emerging Markets Equity Index		3,366,450		930,783		172,798		(30,629	)		—		3,874,563
TIAA-CREF Equity Index		43,210,182		1,154,548		5,660,987		701,966			—		39,338,579
TIAA-CREF Inflation-Linked Bond		8,406,463		1,068,969		272,576		(25,993	)		58,671		8,771,436
TIAA-CREF International Equity Index		10,450,490		2,943,251		323,081		(8,150	)		—		13,136,808
	$	120,057,587	$	10,754,186	$	8,441,685	$	553,277		$	310,253	$	121,031,562
Lifecycle Index 2015
TIAA-CREF Bond Index	$	89,537,381	$	8,482,708	$	3,942,334	$	(160,211	)	$	409,358	$	91,872,049
TIAA-CREF Emerging Markets Equity Index		6,887,932		1,979,486		429,079		(79,228	)		—		7,930,263
TIAA-CREF Equity Index		88,462,731		3,107,135		12,360,317		1,213,301			—		80,462,173
TIAA-CREF Inflation-Linked Bond		10,952,912		1,529,886		460,512		(44,082	)		74,911		11,465,712
TIAA-CREF International Equity Index		21,439,375		6,031,611		777,084		(17,822	)		—		26,813,045
	$	217,280,331	$	21,130,826	$	17,969,326	$	911,958		$	484,269	$	218,543,242
Lifecycle Index 2020
TIAA-CREF Bond Index	$	103,316,245	$	10,065,944	$	1,114,535	$	(45,205	)	$	480,946	$	109,697,830
TIAA-CREF Emerging Markets Equity Index		10,677,043		3,072,969		248,990		(45,137	)		—		12,705,884
TIAA-CREF Equity Index		137,763,410		4,285,742		15,172,643		1,265,991			—		128,818,102
TIAA-CREF Inflation-Linked Bond		9,048,049		1,370,433		72,203		(6,595	)		62,893		9,880,014
TIAA-CREF International Equity Index		33,109,382		9,917,783		139,250		(5,107	)		—		43,065,207
	$	293,914,129	$	28,712,871	$	16,747,621	$	1,163,947		$	543,839	$	304,167,037
Lifecycle Index 2025
TIAA-CREF Bond Index	$	83,114,599	$	9,627,617	$	306,554	$	(12,041	)	$	392,572	$	90,341,039
TIAA-CREF Emerging Markets Equity Index		11,705,206		3,665,144		238,417		(42,164	)		—		14,250,450
TIAA-CREF Equity Index		151,490,405		5,984,526		15,275,146		1,073,774			—		144,303,754
TIAA-CREF Inflation-Linked Bond		3,182,118		733,020		15,306		(1,353	)		22,650		3,730,627
TIAA-CREF International Equity Index		36,301,879		11,882,138		186,022		(6,543	)		—		48,180,338
	$	285,794,207	$	31,892,445	$	16,021,445	$	1,011,673		$	415,222	$	300,806,208
Lifecycle Index 2030
TIAA-CREF Bond Index	$	65,901,186	$	8,036,885	$	654,705	$	(26,261	)	$	312,024	$	71,615,275
TIAA-CREF Emerging Markets Equity Index		13,562,490		4,023,976		245,446		(43,637	)		—		16,324,592
TIAA-CREF Equity Index		176,080,869		5,931,400		19,359,992		1,315,515			—		165,062,727
TIAA-CREF International Equity Index		42,064,935		13,052,405		141,022		(6,231	)		—		55,192,089
	$	297,609,480	$	31,044,666	$	20,401,165	$	1,239,386		$	312,024	$	308,194,683
Lifecycle Index 2035
TIAA-CREF Bond Index	$	40,816,439	$	5,847,787	$	170,373	$	(7,583	)	$	196,506	$	45,444,544
TIAA-CREF Emerging Markets Equity Index		14,417,759		4,557,956		354,384		(71,104	)		—		17,528,194
TIAA-CREF Equity Index		187,586,485		6,428,715		19,026,713		1,128,489			—		177,514,522
TIAA-CREF International Equity Index		44,782,566		14,457,351		36,838		(1,999	)		—		59,416,107
	$	287,603,249	$	31,291,809	$	19,588,308	$	1,047,803		$	196,506	$	299,903,367
Lifecycle Index 2040
TIAA-CREF Bond Index	$	33,938,226	$	4,182,838	$	592,403	$	(24,152	)	$	160,331	$	36,667,917
TIAA-CREF Emerging Markets Equity Index		18,378,061		5,548,666		141,908		(31,527	)		—		22,394,060
TIAA-CREF Equity Index		239,073,787		6,013,811		22,233,323		1,511,188			—		226,120,602
TIAA-CREF International Equity Index		57,066,016		18,339,754		103,435		(2,532	)		—		75,584,857
	$	348,456,090	$	34,085,069	$	23,071,069	$	1,452,977		$	160,331	$	360,767,436
Lifecycle Index 2045
TIAA-CREF Bond Index	$	13,197,246	$	2,020,724	$	168,090	$	(7,473	)	$	63,822	$	14,709,553
TIAA-CREF Emerging Markets Equity Index		7,159,994		2,458,287		80,911		(17,092	)		—		8,990,168
TIAA-CREF Equity Index		93,117,195		4,473,600		8,091,990		295,660			—		90,793,273
TIAA-CREF International Equity Index		22,206,624		8,175,234		140,604		(1,639	)		—		30,355,504
	$	135,681,059	$	17,127,845	$	8,481,595	$	269,456		$	63,822	$	144,848,498
Lifecycle Index 2050
TIAA-CREF Bond Index	$	8,709,213	$	1,339,677	$	60,245	$	(2,573	)	$	42,150	$	9,764,374
TIAA-CREF Emerging Markets Equity Index		4,718,994		1,737,742		132,715		(29,713	)		—		5,960,834
TIAA-CREF Equity Index		61,290,258		2,963,386		4,857,340		180,436			—		60,244,810
TIAA-CREF International Equity Index		14,634,307		5,479,123		32,336		(1,514	)		—		20,153,948
	$	89,352,772	$	11,519,928	$	5,082,636	$	146,636		$	42,150	$	96,123,966
Lifecycle Index 2055
TIAA-CREF Bond Index	$	1,657,177	$	245,811	$	7,068	$	(337	)	$	8,009	$	1,853,252
TIAA-CREF Emerging Markets Equity Index		896,230		323,354		19,468		(5,493	)		—		1,130,998
TIAA-CREF Equity Index		11,656,488		508,682		881,162		36,528			—		11,446,037
TIAA-CREF International Equity Index		2,779,713		1,033,662		2,061		(33	)		—		3,825,052
	$	16,989,608	$	2,111,509	$	909,759	$	30,665		$	8,009	$	18,255,339

TIAA-CREF Lifecycle Index Funds - Notes to Schedules of Investments (unaudited)

Note 4—investments

Fund	Book cost		Gross unrealized appreciation		Gross unrealized (depreciation)			Net unrealized appreciation (depreciation)
Lifecycle Index Retirement Income	$	25,827,683	$	2,257,267	$	(219,329	)	$	2,037,938
Lifecycle Index 2010		108,477,011		13,087,991		(533,440	)		12,554,551
Lifecycle Index 2015		195,732,957		24,488,387		(1,678,102	)		22,810,285
Lifecycle Index 2020		270,728,035		36,247,033		(2,808,031	)		33,439,002
Lifecycle Index 2025		264,654,631		38,750,577		(2,599,000	)		36,151,577
Lifecycle Index 2030		265,092,548		45,421,011		(2,318,876	)		43,102,135
Lifecycle Index 2035		254,493,608		47,514,186		(2,104,427	)		45,409,759
Lifecycle Index 2040		299,334,866		63,498,088		(2,065,518	)		61,432,570
Lifecycle Index 2045		124,652,862		21,127,792		(932,156	)		20,195,636
Lifecycle Index 2050		82,935,958		13,791,958		(603,950	)		13,188,008
Lifecycle Index 2055		16,472,352		1,939,592		(156,605	)		1,782,987

TIAA-CREF LIFESTYLE FUNDS – Lifestyle Income Fund

TIAA-CREF LIFESTYLE FUNDS

LIFESTYLE INCOME FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES		SECURITY	VALUE

TIAA-CREF FUNDS - 98.8%(a)

FIXED INCOME - 39.5%
	457,015	TIAA-CREF Bond Fund	$	4,670,692
	500,913	TIAA-CREF Bond Plus Fund		5,189,458
	51,130	TIAA-CREF High-Yield Fund		519,483
		TOTAL FIXED INCOME		10,379,633

INTERNATIONAL EQUITY - 6.4%
	35,864	TIAA-CREF Emerging Markets Equity Fund		360,078
	29,462	TIAA-CREF Enhanced International Equity Index Fund		221,551
	7,490	TIAA-CREF Global Natural Resources Fund		70,104
	79,491	TIAA-CREF International Equity Fund		817,170
	21,145	TIAA-CREF International Opportunities Fund		209,334
		TOTAL INTERNATIONAL EQUITY		1,678,237

SHORT-TERM FIXED INCOME - 39.7%
	2,614	TIAA-CREF Money Market Fund		2,614
	1,006,238	TIAA-CREF Short-Term Bond Fund		10,414,563
		TOTAL SHORT-TERM FIXED INCOME		10,417,177

U.S. EQUITY - 13.2%
	27,432	TIAA-CREF Enhanced Large-Cap Growth Index Fund		289,137
	28,891	TIAA-CREF Enhanced Large-Cap Value Index Fund		285,447
	63,689	TIAA-CREF Growth & Income Fund		740,707
	65,061	TIAA-CREF Large-Cap Growth Fund		886,783
	52,305	TIAA-CREF Large-Cap Value Fund		879,763
	2,157	TIAA-CREF Mid-Cap Growth Fund		50,431
	1,945	TIAA-CREF Mid-Cap Value Fund		42,096
	15,991	TIAA-CREF Small-Cap Equity Fund		287,844
		TOTAL U.S. EQUITY		3,462,208

		TOTAL TIAA-CREF FUNDS		25,937,255
		(Cost $25,614,205)

		TOTAL INVESTMENTS - 98.8%		25,937,255
		(Cost $25,614,205)
		OTHER ASSETS & LIABILITIES, NET - 1.2%		313,288
		NET ASSETS - 100.0%	$	26,250,543

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFESTYLE FUNDS – Lifestyle Conservative Fund

TIAA-CREF LIFESTYLE FUNDS

LIFESTYLE CONSERVATIVE FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES		SECURITY	VALUE

TIAA-CREF FUNDS - 99.8%(a)

FIXED INCOME - 40.1%
	335,242	TIAA-CREF Bond Fund	$	3,426,172
	1,238,927	TIAA-CREF Bond Plus Fund		12,835,279
	83,894	TIAA-CREF High-Yield Fund		852,365
		TOTAL FIXED INCOME		17,113,816

INTERNATIONAL EQUITY - 12.4%
	104,366	TIAA-CREF Emerging Markets Equity Fund		1,047,830
	137,562	TIAA-CREF Enhanced International Equity Index Fund		1,034,465
	16,500	TIAA-CREF Global Natural Resources Fund		154,437
	230,788	TIAA-CREF International Equity Fund		2,372,506
	70,904	TIAA-CREF International Opportunities Fund		701,946
		TOTAL INTERNATIONAL EQUITY		5,311,184

SHORT-TERM FIXED INCOME - 20.1%
	4,195	TIAA-CREF Money Market Fund		4,195
	829,380	TIAA-CREF Short-Term Bond Fund		8,584,080
		TOTAL SHORT-TERM FIXED INCOME		8,588,275

U.S. EQUITY - 27.2%
	96,884	TIAA-CREF Enhanced Large-Cap Growth Index Fund		1,021,159
	102,270	TIAA-CREF Enhanced Large-Cap Value Index Fund		1,010,430
	210,695	TIAA-CREF Growth & Income Fund		2,450,384
	214,674	TIAA-CREF Large-Cap Growth Fund		2,926,002
	172,307	TIAA-CREF Large-Cap Value Fund		2,898,210
	8,488	TIAA-CREF Mid-Cap Growth Fund		198,457
	8,023	TIAA-CREF Mid-Cap Value Fund		173,621
	52,657	TIAA-CREF Small-Cap Equity Fund		947,835
		TOTAL U.S. EQUITY		11,626,098

		TOTAL TIAA-CREF FUNDS		42,639,373
		(Cost $41,306,770)

		TOTAL INVESTMENTS - 99.8%		42,639,373
		(Cost $41,306,770)
		OTHER ASSETS & LIABILITIES, NET - 0.2%		86,936
		NET ASSETS - 100.0%	$	42,726,309

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFESTYLE FUNDS – Lifestyle Moderate Fund

TIAA-CREF LIFESTYLE FUNDS

LIFESTYLE MODERATE FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES		SECURITY	VALUE

TIAA-CREF FUNDS - 99.8%(a)

FIXED INCOME - 40.2%
	1,847,764	TIAA-CREF Bond Plus Fund	$	19,142,833
	98,400	TIAA-CREF High-Yield Fund		999,746
		TOTAL FIXED INCOME		20,142,579

INTERNATIONAL EQUITY - 18.5%
	177,431	TIAA-CREF Emerging Markets Equity Fund		1,781,409
	268,350	TIAA-CREF Enhanced International Equity Index Fund		2,017,991
	26,780	TIAA-CREF Global Natural Resources Fund		250,663
	387,992	TIAA-CREF International Equity Fund		3,988,561
	125,846	TIAA-CREF International Opportunities Fund		1,245,871
		TOTAL INTERNATIONAL EQUITY		9,284,495

SHORT-TERM FIXED INCOME - 0.0%
	5,039	TIAA-CREF Money Market Fund		5,039
		TOTAL SHORT-TERM FIXED INCOME		5,039

U.S. EQUITY - 41.1%
	173,896	TIAA-CREF Enhanced Large-Cap Growth Index Fund		1,832,864
	183,664	TIAA-CREF Enhanced Large-Cap Value Index Fund		1,814,598
	370,789	TIAA-CREF Growth & Income Fund		4,312,277
	379,522	TIAA-CREF Large-Cap Growth Fund		5,172,890
	303,659	TIAA-CREF Large-Cap Value Fund		5,107,536
	15,776	TIAA-CREF Mid-Cap Growth Fund		368,853
	15,025	TIAA-CREF Mid-Cap Value Fund		325,145
	92,829	TIAA-CREF Small-Cap Equity Fund		1,670,926
		TOTAL U.S. EQUITY		20,605,089

		TOTAL TIAA-CREF FUNDS		50,037,202
		(Cost $47,711,990)

		TOTAL INVESTMENTS - 99.8%		50,037,202
		(Cost $47,711,990)
		OTHER ASSETS & LIABILITIES, NET - 0.2%		99,246
		NET ASSETS - 100.0%	$	50,136,448

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFESTYLE FUNDS – Lifestyle Growth Fund

TIAA-CREF LIFESTYLE FUNDS

LIFESTYLE GROWTH FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES		SECURITY	VALUE

TIAA-CREF FUNDS - 99.6%(a)

FIXED INCOME - 20.2%
	520,858	TIAA-CREF Bond Plus Fund	$	5,396,089
	59,031	TIAA-CREF High-Yield Fund		599,753
		TOTAL FIXED INCOME		5,995,842

INTERNATIONAL EQUITY - 24.5%
	139,224	TIAA-CREF Emerging Markets Equity Fund		1,397,810
	224,553	TIAA-CREF Enhanced International Equity Index Fund		1,688,638
	18,552	TIAA-CREF Global Natural Resources Fund		173,649
	301,483	TIAA-CREF International Equity Fund		3,099,242
	93,482	TIAA-CREF International Opportunities Fund		925,471
		TOTAL INTERNATIONAL EQUITY		7,284,810

SHORT-TERM FIXED INCOME - 0.0%
	3,034	TIAA-CREF Money Market Fund		3,034
		TOTAL SHORT-TERM FIXED INCOME		3,034

U.S. EQUITY - 54.9%
	140,164	TIAA-CREF Enhanced Large-Cap Growth Index Fund		1,477,333
	147,642	TIAA-CREF Enhanced Large-Cap Value Index Fund		1,458,699
	295,035	TIAA-CREF Growth & Income Fund		3,431,260
	298,666	TIAA-CREF Large-Cap Growth Fund		4,070,819
	238,393	TIAA-CREF Large-Cap Value Fund		4,009,768
	12,787	TIAA-CREF Mid-Cap Growth Fund		298,950
	12,144	TIAA-CREF Mid-Cap Value Fund		262,807
	73,347	TIAA-CREF Small-Cap Equity Fund		1,320,243
		TOTAL U.S. EQUITY		16,329,879

		TOTAL TIAA-CREF FUNDS		29,613,565
		(Cost $26,681,869)

		TOTAL INVESTMENTS - 99.6%		29,613,565
		(Cost $26,681,869)
		OTHER ASSETS & LIABILITIES, NET - 0.4%		133,364
		NET ASSETS - 100.0%	$	29,746,929

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF LIFESTYLE FUNDS – Lifestyle Aggressive Growth Fund

TIAA-CREF LIFESTYLE FUNDS

LIFESTYLE AGGRESSIVE GROWTH FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES		SECURITY	VALUE

TIAA-CREF FUNDS - 99.9%(a)

INTERNATIONAL EQUITY - 30.7%
	153,798	TIAA-CREF Emerging Markets Equity Fund	$	1,544,137
	258,055	TIAA-CREF Enhanced International Equity Index Fund		1,940,576
	21,321	TIAA-CREF Global Natural Resources Fund		199,568
	335,904	TIAA-CREF International Equity Fund		3,453,096
	112,721	TIAA-CREF International Opportunities Fund		1,115,933
		TOTAL INTERNATIONAL EQUITY		8,253,310

SHORT-TERM FIXED INCOME - 0.0%
	2,961	TIAA-CREF Money Market Fund		2,961
		TOTAL SHORT-TERM FIXED INCOME		2,961

U.S. EQUITY - 69.2%
	160,302	TIAA-CREF Enhanced Large-Cap Growth Index Fund		1,689,579
	170,038	TIAA-CREF Enhanced Large-Cap Value Index Fund		1,679,972
	337,287	TIAA-CREF Growth & Income Fund		3,922,646
	339,466	TIAA-CREF Large-Cap Growth Fund		4,626,921
	271,539	TIAA-CREF Large-Cap Value Fund		4,567,279
	14,685	TIAA-CREF Mid-Cap Growth Fund		343,345
	14,126	TIAA-CREF Mid-Cap Value Fund		305,697
	83,278	TIAA-CREF Small-Cap Equity Fund		1,499,013
		TOTAL U.S. EQUITY		18,634,452

		TOTAL TIAA-CREF FUNDS		26,890,723
		(Cost $23,161,332)

		TOTAL INVESTMENTS - 99.9%		26,890,723
		(Cost $23,161,332)
		OTHER ASSETS & LIABILITIES, NET - 0.1%		35,571
		NET ASSETS - 100.0%	$	26,926,294

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

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

Note 1—organization and significant accounting policies

The Lifestyle Funds (collectively the “Funds,” each individually referred to as a “Fund”) are a sub-family of mutual funds offered by the TIAA-CREF Funds (the “Trust”), 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.

Each Fund is a “fund of funds” that diversifies its assets by investing in Institutional Class shares of other funds of the Trust and potentially other investment pools or investment products. 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, which is registered with the Commission as an investment adviser and provides investment management services for the Funds. The Funds 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.

Security valuation: The Funds’ investments in securities are recorded at their estimated fair value as described in the valuation of investments note to the schedules of investments.

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

Note 2—valuation of investments

• 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)

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

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

Transfers between levels are recognized at the end of the reporting period. For the period ended August 31, 2013, there were no transfers between levels by the Funds.

As of August 31, 2013, all of the investments in the Funds were valued based on Level 1 inputs.

Note 3—affiliates

Issue	Value at May 31, 2013		Purchase cost		Sales proceeds		Realized gain(loss)			Dividend income		Value at August 31, 2013
Lifestyle Income
TIAA-CREF Bond	$	4,121,201	$	826,389	$	147,971	$	(9,525	)	$	26,240	$	4,670,692
TIAA-CREF Bond Plus		4,588,052		885,572		133,548		(6,558	)		31,933		5,189,458
TIAA-CREF Emerging Markets Equity		409,204		22,329		34,925		(3,130	)		—		360,078
TIAA-CREF Enhanced International Equity Index		300,634		30,812		112,533		17,142			—		221,551
TIAA-CREF Enhanced Large-Cap Growth Index		237,703		64,481		14,770		854			—		289,137
TIAA-CREF Enhanced Large-Cap Value Index		260,947		40,905		18,680		1,665			—		285,447
TIAA-CREF Global Natural Resources		43,152		31,043		2,785		(153	)		—		70,104
TIAA-CREF Growth & Income		696,245		76,055		38,547		2,526			2,679		740,707
TIAA-CREF High-Yield		464,498		82,800		10,442		(484	)		6,762		519,483
TIAA-CREF International Equity		742,456		116,231		43,735		9,169			—		817,170
TIAA-CREF International Opportunities		84,320		130,055		524		(28	)		—		209,334
TIAA-CREF Large-Cap Growth		730,882		169,220		31,213		2,232			—		886,783
TIAA-CREF Large-Cap Value		790,893		119,725		38,564		4,430			—		879,763
TIAA-CREF Mid-Cap Growth		42,927		14,712		8,549		370			—		50,431
TIAA-CREF Mid-Cap Value		52,121		2,078		12,714		1,373			—		42,096
TIAA-CREF Money Market		77,992		549		75,927		—			—		2,614
TIAA-CREF Short-Term Bond		9,287,620		1,610,235		371,491		(5,913	)		34,696		10,414,563
TIAA-CREF Small-Cap Equity		256,418		33,555		13,422		992			—		287,844
	$	23,187,265	$	4,256,746	$	1,110,340	$	14,962		$	102,310	$	25,937,255
Lifestyle Conservative
TIAA-CREF Bond	$	2,643,574	$	904,859	$	35,630	$	(2,430	)	$	18,325	$	3,426,172
TIAA-CREF Bond Plus		9,965,714		3,372,078		157,186		(8,050	)		75,684		12,835,279
TIAA-CREF Emerging Markets Equity		1,000,827		159,606		15,235		(1,320	)		—		1,047,830
TIAA-CREF Enhanced International Equity Index		983,232		190,806		143,077		26,764			—		1,034,465
TIAA-CREF Enhanced Large-Cap Growth Index		775,983		248,568		11,591		1,473			—		1,021,159
TIAA-CREF Enhanced Large-Cap Value Index		845,193		171,970		14,464		1,650			—		1,010,430
TIAA-CREF Global Natural Resources		85,593		115,108		43,548		(2,953	)		—		154,437
TIAA-CREF Growth & Income		2,028,602		427,389		28,546		2,793			8,149		2,450,384
TIAA-CREF High-Yield		677,708		218,337		17,807		(788	)		10,693		852,365
TIAA-CREF International Equity		1,917,657		477,388		31,597		3,271			—		2,372,506
TIAA-CREF International Opportunities		247,481		474,932		7,070		(275	)		—		701,946
TIAA-CREF Large-Cap Growth		2,245,581		651,521		32,057		3,498			—		2,926,002
TIAA-CREF Large-Cap Value		2,420,696		493,989		37,660		3,758			—		2,898,210
TIAA-CREF Mid-Cap Growth		124,326		69,895		1,894		479			—		198,457
TIAA-CREF Mid-Cap Value		151,236		32,996		12,420		2,836			—		173,621
TIAA-CREF Money Market		98,581		942		95,328		—			—		4,195
TIAA-CREF Short-Term Bond		6,732,464		2,030,420		94,320		(1,511	)		27,335		8,584,080
TIAA-CREF Small-Cap Equity		750,322		173,331		11,515		1,539			—		947,835
	$	33,694,770	$	10,214,135	$	790,945	$	30,734		$	140,186	$	42,639,373
Lifestyle Moderate
TIAA-CREF Bond Plus	$	13,676,416	$	6,018,506	$	73,760	$	(3,786	)	$	106,140	$	19,142,833
TIAA-CREF Emerging Markets Equity		1,536,827		414,797		16,869		(2,378	)		—		1,781,409
TIAA-CREF Enhanced International Equity Index		1,684,722		536,318		199,790		28,179			—		2,017,991
TIAA-CREF Enhanced Large-Cap Growth Index		1,306,176		548,985		32,723		1,071			—		1,832,864
TIAA-CREF Enhanced Large-Cap Value Index		1,419,426		424,614		37,212		921			—		1,814,598
TIAA-CREF Global Natural Resources		93,205		186,279		25,425		(2,197	)		—		250,663
TIAA-CREF Growth & Income		3,298,387		1,056,744		71,632		1,131			13,182		4,312,277
TIAA-CREF High-Yield		737,799		299,526		8,298		(404	)		11,919		999,746
TIAA-CREF International Equity		2,996,225		1,041,037		56,728		2,916			—		3,988,561
TIAA-CREF International Opportunities		406,027		876,613		14,704		(258	)		—		1,245,871
TIAA-CREF Large-Cap Growth		3,685,065		1,447,266		50,710		1,441			—		5,172,890
TIAA-CREF Large-Cap Value		3,972,080		1,174,120		60,993		2,961			—		5,107,536
TIAA-CREF Mid-Cap Growth		224,723		142,684		8,586		180			—		368,853
TIAA-CREF Mid-Cap Value		268,398		67,857		13,227		1,089			—		325,145
TIAA-CREF Money Market		114,478		1,494		110,933		—			—		5,039
TIAA-CREF Small-Cap Equity		1,220,410		424,786		28,754		733			—		1,670,926
	$	36,640,364	$	14,661,626	$	810,344	$	31,599		$	131,241	$	50,037,202

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

Issue	Value at May 31, 2013		Purchase cost		Sales proceeds		Realized gain(loss)			Dividend income		Value at August 31, 2013
Lifestyle Growth
TIAA-CREF Bond Plus	$	4,525,453	$	1,114,514	$	93,197	$	(4,245	)	$	32,271	$	5,396,089
TIAA-CREF Emerging Markets Equity		1,395,916		173,306		39,180		(3,878	)		—		1,397,810
TIAA-CREF Enhanced International Equity Index		1,608,760		217,911		137,205		22,237			—		1,688,638
TIAA-CREF Enhanced Large-Cap Growth Index		1,240,964		256,630		28,747		(404	)		—		1,477,333
TIAA-CREF Enhanced Large-Cap Value Index		1,345,997		168,071		64,932		5,351			—		1,458,699
TIAA-CREF Global Natural Resources		66,002		136,659		26,026		(2,980	)		—		173,649
TIAA-CREF Growth & Income		3,079,899		408,759		84,871		281			11,701		3,431,260
TIAA-CREF High-Yield		520,335		112,909		13,947		(595	)		7,677		599,753
TIAA-CREF International Equity		2,765,701		382,107		59,617		3,190			—		3,099,242
TIAA-CREF International Opportunities		369,190		583,621		13,000		(104	)		—		925,471
TIAA-CREF Large-Cap Growth		3,452,311		588,606		49,184		1,638			—		4,070,819
TIAA-CREF Large-Cap Value		3,718,242		460,174		193,374		12,877			—		4,009,768
TIAA-CREF Mid-Cap Growth		220,443		76,613		6,693		216			—		298,950
TIAA-CREF Mid-Cap Value		261,023		33,231		33,553		4,163			—		262,807
TIAA-CREF Money Market		78,860		673		76,499		—			—		3,034
TIAA-CREF Small-Cap Equity		1,139,242		158,245		26,509		284			—		1,320,243
	$	25,788,338	$	4,872,029	$	946,534	$	38,031		$	51,649	$	29,613,565
Lifestyle Aggressive Growth
TIAA-CREF Emerging Markets Equity	$	1,597,498	$	133,453	$	38,486	$	(3,885	)	$	—	$	1,544,137
TIAA-CREF Enhanced International Equity Index		1,914,704		192,943		167,311		24,820			—		1,940,576
TIAA-CREF Enhanced Large-Cap Growth Index		1,422,057		273,459		15,847		82			—		1,689,579
TIAA-CREF Enhanced Large-Cap Value Index		1,539,921		151,874		25,632		159			—		1,679,972
TIAA-CREF Global Natural Resources		60,530		143,871		2,138		(276	)		—		199,568
TIAA-CREF Growth & Income		3,497,691		428,420		38,537		1,720			13,709		3,922,646
TIAA-CREF International Equity		3,189,405		340,807		92,765		14,147			—		3,453,096
TIAA-CREF International Opportunities		440,163		699,488		4,182		(31	)		—		1,115,933
TIAA-CREF Large-Cap Growth		3,906,314		659,487		33,779		(195	)		—		4,626,921
TIAA-CREF Large-Cap Value		4,209,735		482,000		158,074		957			—		4,567,279
TIAA-CREF Mid-Cap Growth		256,924		76,851		209		(4	)		—		343,345
TIAA-CREF Mid-Cap Value		302,783		23,788		24,297		3,485			—		305,697
TIAA-CREF Money Market		69,616		641		67,296		—			—		2,961
TIAA-CREF Small-Cap Equity		1,289,504		168,704		16,937		364			—		1,499,013
	$	23,696,845	$	3,775,786	$	685,490	$	41,343		$	13,709	$	26,890,723

Note 4—investments

Fund	Book cost		Gross unrealized appreciation		Gross unrealized (depreciation)			Net unrealized appreciation (depreciation)
Lifestyle Income	$	25,614,205	$	645,596	$	(322,546	)	$	323,050
Lifestyle Conservative		41,306,770		1,866,752		(534,149	)		1,332,603
Lifestyle Moderate		47,711,990		2,879,246		(554,034	)		2,325,212
Lifestyle Growth		26,681,869		3,088,908		(157,212	)		2,931,696
Lifestyle Aggressive Growth		23,161,332		3,772,645		(43,254	)		3,729,391

TIAA-CREF Funds – Managed Allocation Fund

TIAA-CREF FUNDS

MANAGED ALLOCATION FUND

SCHEDULE OF INVESTMENTS (unaudited)

August 31, 2013

SHARES		SECURITY	VALUE

TIAA-CREF FUNDS - 99.9%(a)

FIXED INCOME - 40.3%
	23,939,692	TIAA-CREF Bond Plus Fund	$	248,015,214
	1,282,947	TIAA-CREF High-Yield Fund		13,034,745
		TOTAL FIXED INCOME		261,049,959

INTERNATIONAL EQUITY - 17.3%
	2,395,418	TIAA-CREF Emerging Markets Equity Fund		24,050,001
	4,133,057	TIAA-CREF Enhanced International Equity Index Fund		31,080,590
	272,554	TIAA-CREF Global Natural Resources Fund		2,551,108
	3,938,327	TIAA-CREF International Equity Fund		40,486,001
	1,407,704	TIAA-CREF International Opportunities Fund		13,936,265
		TOTAL INTERNATIONAL EQUITY		112,103,965

SHORT-TERM FIXED INCOME - 0.0%
	72,515	TIAA-CREF Money Market Fund		72,515
		TOTAL SHORT-TERM FIXED INCOME		72,515

U.S. EQUITY - 42.3%
	4,779,212	TIAA-CREF Enhanced Large-Cap Growth Index Fund		50,372,890
	5,026,460	TIAA-CREF Enhanced Large-Cap Value Index Fund		49,661,420
	3,694,007	TIAA-CREF Growth & Income Fund		42,961,302
	3,755,755	TIAA-CREF Large-Cap Growth Fund		51,190,943
	3,007,317	TIAA-CREF Large-Cap Value Fund		50,583,067
	149,519	TIAA-CREF Mid-Cap Growth Fund		3,495,766
	143,665	TIAA-CREF Mid-Cap Value Fund		3,108,906
	1,230,748	TIAA-CREF Small-Cap Equity Fund		22,153,466
		TOTAL U.S. EQUITY		273,527,760

		TOTAL TIAA-CREF FUNDS		646,754,199
		(Cost $586,872,542)

		TOTAL INVESTMENTS - 99.9%		646,754,199
		(Cost $586,872,542)
		OTHER ASSETS & LIABILITIES, NET - 0.1%		658,832
		NET ASSETS - 100.0%	$	647,413,031

^(a)	The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds.

TIAA-CREF Managed Allocation Fund – Notes to Schedule of Investments (unaudited)

Note 1—organization and significant accounting policies

The TIAA-CREF Managed Allocation Fund (the “Fund”) is one of the investment portfolios of the TIAA-CREF Funds (the “Trust”), 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 Fund offers its shares, without a sales load, through its 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, which is registered with the Commission as an investment adviser and provides investment management services for the Fund. The Fund offers three share classes: Institutional, Retirement and Retail Classes of shares. Each class differs by the allocation of class specific expenses and voting rights in matters affecting a single class.

Security valuation: The Fund’s investments in securities are recorded at their estimated fair value as described in the valuation of investments note to the schedule of investments.

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

Transactions with affiliates: The Fund 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

• 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 Fund’s own assumptions in determining the fair value of investments)

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

TIAA-CREF Managed Allocation Fund – Notes to Schedule of Investments (unaudited)

Transfers between levels are recognized at the end of the reporting period. For the period ended August 31, 2013, there were no transfers between levels by the Fund.

As of August 31, 2013, all of the investments in the Fund were valued based on Level 1 inputs.

Note 3 – affiliates

Investments in other investment companies advised by Advisors are deemed to be affiliated investments. The Fund invests its assets in Institutional Class shares of the affiliated TIAA-CREF Funds. Information regarding transactions with affiliated companies is as follows:

Issue	Value at May 31, 2013		Purchase cost		Sales proceeds		Realized gain(loss)			Dividend income		Value at August 31, 2013
Managed Allocation
TIAA-CREF Bond Plus	$	241,420,872	$	14,931,806	$	695,719	$	(34,635	)	$	1,606,136	$	248,015,214
TIAA-CREF Emerging Markets Equity		26,075,520		822,440		456,004		(31,141	)		—		24,050,001
TIAA-CREF Enhanced International Equity Index		32,450,184		1,057,859		2,480,617		(475,777	)		—		31,080,590
TIAA-CREF Enhanced Large-Cap Growth Index		50,680,829		1,732,432		2,396,689		188,068			—		50,372,890
TIAA-CREF Enhanced Large-Cap Value Index		54,723,929		—		5,662,495		502,371			—		49,661,420
TIAA-CREF Global Natural Resources		1,595,189		1,049,497		36,583		(3,469	)		—		2,551,108
TIAA-CREF Growth & Income		46,375,544		572		3,930,529		712,224			168,704		42,961,302
TIAA-CREF High-Yield		13,018,324		591,487		115,389		(4,733	)		179,564		13,034,745
TIAA-CREF International Equity		39,837,298		1,089,842		636,628		(118,524	)		—		40,486,001
TIAA-CREF International Opportunities		7,084,276		7,158,114		—		—			—		13,936,265
TIAA-CREF Large-Cap Growth		49,648,612		1,306,146		918,948		99,836			—		51,190,943
TIAA-CREF Large-Cap Value		53,758,500		463,638		4,244,527		940,195			—		50,583,067
TIAA-CREF Mid-Cap Growth		2,957,928		590,586		154,022		16,290			—		3,495,766
TIAA-CREF Mid-Cap Value		3,567,100		2,218		502,676		111,165			—		3,108,906
TIAA-CREF Money Market		2,191,973		7,836		2,127,294		—			5		72,515
TIAA-CREF Small-Cap Equity		22,632,824		257,885		1,738,530		205,996			—		22,153,466
	$	648,018,902	$	31,062,358	$	26,096,650	$	2,107,866		$	1,954,409	$	646,754,199

Note 4 – investments

Net unrealized appreciation (depreciation): At August 31, 2013, the cost of portfolio investments for federal income tax purposes was $586,872,542. Net unrealized appreciation (depreciation) of portfolio investments for federal income tax purposes was $59,881,657, consisting of gross unrealized appreciation of $68,411,138, and gross unrealized depreciation of $(8,529,481).

Item 2. Controls and Procedures.

(a) An evaluation was performed within 90 days of the filing date of the report 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: October 15, 2013	By:	/s/ Robert G. Leary
		Robert G. Leary
		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: October 15, 2013	By:	/s/ Robert G. Leary
		Robert G. Leary
		President and Principal Executive Officer
		(principal executive officer)

Date: October 15, 2013	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