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)

John M. McCann, Esq.

c/o TIAA-CREF

8500 Andrew Carnegie Blvd.

Charlotte, N.C. 28262-8500

(Name and address of agent for service)

Registrant’s telephone number, including area code: 704-595-1000

Date of fiscal year end: March 31

Date of reporting period: June 30, 2014

Item 1. Schedule of Investments.

TIAA-CREF FUNDS - Real Estate Securities Fund

TIAA-CREF FUNDS

REAL ESTATE SECURITIES FUND

SCHEDULE OF INVESTMENTS (unaudited)

June 30, 2014

SHARES			COMPANY	VALUE
COMMON STOCKS - 96.7%
DIVERSIFIED REAL ESTATE ACTIVITIES - 0.4%
	2,200,000		Hang Lung Properties Ltd	$	6,784,430
			TOTAL DIVERSIFIED REAL ESTATE ACTIVITIES		6,784,430
DIVERSIFIED REITS - 9.1%
	850,000	*	American Realty Capital Properties, Inc		10,650,500
	550,000		Excel Trust, Inc		7,331,500
	2,800,000		Mexico Real Estate Management S.A. de C.V.		5,803,523
	675,000		Retail Opportunities Investment Corp		10,617,750
	2,700,000		Spirit Realty Capital, Inc		30,672,000
	500,000		Vornado Realty Trust		53,365,000
	400,000		WP Carey, Inc		25,760,000
			TOTAL DIVERSIFIED REITS		144,200,273
FOREST PRODUCTS - 1.1%
	1,150,000	*	Louisiana-Pacific Corp		17,273,000
			TOTAL FOREST PRODUCTS		17,273,000
HOMEBUILDING - 0.9%
	400,000		DR Horton, Inc		9,832,000
	175,000	*	Taylor Morrison Home Corp		3,923,500
			TOTAL HOMEBUILDING		13,755,500
HOTELS, RESORTS & CRUISE LINES - 1.2%
	375,000		Extended Stay America, Inc		8,685,000
	650,000	*	Orient-Express Hotels Ltd		9,451,000
			TOTAL HOTELS, RESORTS & CRUISE LINES		18,136,000
INDUSTRIAL REITS - 7.8%
	240,000		EastGroup Properties, Inc		15,415,200
	525,000		First Industrial Realty Trust, Inc		9,891,000
	1,750,000		Prologis, Inc		71,907,500
	600,000		STAG Industrial, Inc		14,406,000
	600,000		Terreno Realty Corp		11,598,000
			TOTAL INDUSTRIAL REITS		123,217,700
MORTGAGE REITS - 2.9%
	200,000		Blackstone Mortgage Trust, Inc		5,800,000
	1,300,000		Gramercy Property Trust, Inc		7,865,000
	1,400,000		NorthStar Realty Finance Corp		24,332,000
	300,000		Starwood Property Trust, Inc		7,131,000
			TOTAL MORTGAGE REITS		45,128,000

1

TIAA-CREF FUNDS - Real Estate Securities Fund

SHARES			COMPANY	VALUE
OFFICE REITS - 11.8%
	500,000		Boston Properties, Inc	$	59,090,000
	800,000		Brandywine Realty Trust		12,480,000
	200,000		Digital Realty Trust, Inc		11,664,000
	300,000		Douglas Emmett, Inc		8,466,000
	275,000		Hudson Pacific Properties		6,968,500
	275,000		Kilroy Realty Corp		17,127,000
	1,300,000		Parkway Properties, Inc		26,845,000
	400,000		SL Green Realty Corp		43,764,000
			TOTAL OFFICE REITS		186,404,500
OTHER DIVERSIFIED FINANCIAL SERVICES - 0.0%
	211,200	*,b,m	People’s Choice Financial Corp		0
			TOTAL OTHER DIVERSIFIED FINANCIAL SERVICES		0
REAL ESTATE SERVICES - 1.6%
	200,000	*	CBRE Group, Inc		6,408,000
	675,000		Kennedy-Wilson Holdings, Inc		18,103,500
			TOTAL REAL ESTATE SERVICES		24,511,500
RESIDENTIAL REITS - 17.6%
	700,000		Apartment Investment & Management Co (Class A)		22,589,000
	450,000		AvalonBay Communities, Inc		63,985,500
	400,000		Camden Property Trust		28,460,000
	1,450,000		Education Realty Trust, Inc		15,573,000
	400,000		Equity Lifestyle Properties, Inc		17,664,000
	875,000		Equity Residential		55,125,000
	240,000		Essex Property Trust, Inc		44,378,400
	300,000		Post Properties, Inc		16,038,000
	300,000		Sun Communities, Inc		14,952,000
			TOTAL RESIDENTIAL REITS		278,764,900
RETAIL REITS - 19.5%
	375,000		Acadia Realty Trust		10,533,750
	475,000		Equity One, Inc		11,205,250
	225,000		Federal Realty Investment Trust		27,207,000
	2,150,000		General Growth Properties, Inc		50,654,000
	600,000		Regency Centers Corp		33,408,000
	1,000,000		Simon Property Group, Inc		166,280,000
	500,000	*	Washington Prime Group, Inc		9,370,000
			TOTAL RETAIL REITS		308,658,000
SPECIALIZED REITS - 22.8%
	500,000		American Tower Corp		44,990,000
	950,000		CubeSmart		17,404,000
	700,000		DiamondRock Hospitality Co		8,974,000
	400,000		Extra Space Storage, Inc		21,300,000
	350,000		HCP, Inc		14,483,000
	400,000		Health Care REIT, Inc		25,068,000
	550,000		Healthcare Realty Trust, Inc		13,981,000
	1,000,000		Healthcare Trust of America, Inc		12,040,000
	1,000,000		Host Marriott Corp		22,010,000

2

TIAA-CREF FUNDS - Real Estate Securities Fund

SHARES			COMPANY	VALUE
	325,000		Potlatch Corp	$	13,455,000
	250,000		Public Storage, Inc		42,837,500
	750,000		RLJ Lodging Trust		21,667,500
	2,250,000	*	Strategic Hotels & Resorts, Inc		26,347,500
	1,650,000		Sunstone Hotel Investors, Inc		24,634,500
	850,000		Ventas, Inc		54,485,000
			TOTAL SPECIALIZED REITS		363,677,000
			TOTAL COMMON STOCKS		1,530,510,803
			(Cost $1,214,644,944)
			TOTAL INVESTMENTS - 96.7%		1,530,510,803
			(Cost $1,214,644,944)
			OTHER ASSETS & LIABILITIES, NET - 3.3%		52,509,843
			NET ASSETS - 100.0%	$	1,583,020,646

	Abbreviation(s):
REIT	Real Estate Investment Trust
*	Non-income producing.
b	In bankruptcy.
m	Indicates a security that has been deemed illiquid.

3

TIAA-CREF FUNDS - Bond Fund

TIAA-CREF FUNDS
BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2014

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
BANK LOAN OBLIGATIONS - 0.6%
CAPITAL GOODS - 0.0%
$	750,000	i	Gates Global LLC		4.250	%	06/12/21	$	747,308
			TOTAL CAPITAL GOODS						747,308
COMMERCIAL & PROFESSIONAL SERVICES - 0.1%
	1,521,188	i	Capital Safety North America		4.000		03/29/21		1,511,041
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						1,511,041
CONSUMER DURABLES & APPAREL - 0.1%
	1,600,000	i	Libbey Glass, Inc		3.750		04/09/21		1,598,000
	900,000	i	Otter Products LLC		5.750		05/30/20		891,567
			TOTAL CONSUMER DURABLES & APPAREL						2,489,567
CONSUMER SERVICES - 0.0%
	900,000	h,i	Spin Holdco, Inc		4.250		11/14/19		900,162
			TOTAL CONSUMER SERVICES						900,162
HEALTH CARE EQUIPMENT & SERVICES - 0.0%
	900,000	h,i	Capsugel Holdings US, Inc		3.500		08/01/18		897,876
	300,000	i	DaVita HealthCare Partners, Inc		3.500		06/24/21		301,227
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						1,199,103
MATERIALS - 0.1%
	960,000	i	Minerals Technologies, Inc		4.000		05/07/21		963,600
	1,800,000	i	Signode Industrial Group US, Inc		4.000		05/01/21		1,793,808
			TOTAL MATERIALS						2,757,408
MEDIA - 0.0%
	675,030	i	CSC Holdings LLC		2.650		04/17/20		666,977
	740,625	i	Univision Communications, Inc		4.000		03/01/20		740,114
			TOTAL MEDIA						1,407,091
RETAILING - 0.0%
	715,000	h,i	Stater Bros Markets		4.750		05/12/21		718,575
			TOTAL RETAILING						718,575
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.1%
	1,500,000	i	Avago Technologies Ltd		3.750		05/06/21		1,504,155
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						1,504,155
SOFTWARE & SERVICES - 0.0%
	400,000	h,i	P2 Lower Acquisition LLC		5.500		10/22/20		400,500
			TOTAL SOFTWARE & SERVICES						400,500

4

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
TELECOMMUNICATION SERVICES - 0.1%
$	1,108,125	i	Windstream Corp		3.500	%	01/23/20	$	1,105,355
			TOTAL TELECOMMUNICATION SERVICES						1,105,355
UTILITIES - 0.1%
	1,400,000	i	Evergreen Skills Lux S.a.r.l.		7.750		04/28/22		1,388,632
			TOTAL UTILITIES						1,388,632
			TOTAL BANK LOAN OBLIGATIONS						16,128,897
			(Cost $16,120,352)
BONDS - 93.5%
CORPORATE BONDS - 35.7%
AUTOMOBILES & COMPONENTS - 0.2%
	375,000		Chrysler Group LLC		8.000		06/15/19		407,344
	745,000	g	Hyundai Motor Manufacturer		4.500		04/15/15		765,861
	2,950,000		Johnson Controls, Inc		4.625		07/02/44		2,952,330
	1,750,000		Magna International, Inc		3.625		06/15/24		1,764,156
			TOTAL AUTOMOBILES & COMPONENTS						5,889,691
BANKS - 4.0%
	1,000,000		Banco de Oro Unibank, Inc		3.875		04/22/16		1,026,250
	600,000	g	Banco del Estado de Chile		3.875		02/08/22		604,390
	900,000	g	Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander		4.125		11/09/22		913,500
	1,635,000		Bancolombia S.A.		5.950		06/03/21		1,802,587
	1,000,000	g	Bank Nederlandse Gemeenten		1.875		06/11/19		1,003,590
	2,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		2.350		02/23/17		2,058,294
	650,000		BB&T Corp		2.050		06/19/18		657,154
	3,750,000		BDO Unibank, Inc		4.500		02/16/17		3,942,187
	1,000,000	g	Caixa Economica Federal		2.375		11/06/17		977,500
	1,500,000	g	Caixa Economica Federal		4.500		10/03/18		1,539,375
	1,068,000		Capital One Bank USA NA		3.375		02/15/23		1,060,786
	1,615,000		Citigroup, Inc		5.000		09/15/14		1,629,299
	2,050,000		Citigroup, Inc		1.300		11/15/16		2,052,644
	5,600,000		Citigroup, Inc		2.550		04/08/19		5,643,792
	2,775,000		Citigroup, Inc		3.500		05/15/23		2,701,313
	1,500,000		Citigroup, Inc		3.875		10/25/23		1,536,390
	1,300,000		Citigroup, Inc		3.750		06/16/24		1,303,630
	2,125,000		Citigroup, Inc		5.300		05/06/44		2,216,477
	900,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		1.700		03/19/18		902,912
	375,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.950		11/09/22		381,235
	1,250,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		4.625		12/01/23		1,321,181
	3,400,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		5.750		12/01/43		3,917,987
	775,000	g,i	Credit Agricole S.A.		7.875		12/30/49		846,688
	3,355,000		Deutsche Bank AG.		3.700		05/30/24		3,356,020
	2,625,000		Fifth Third Bancorp		2.375		04/25/19		2,659,088
	1,450,000	g	HSBC Bank plc		1.500		05/15/18		1,438,655
	1,320,000	g	HSBC Bank plc		4.125		08/12/20		1,428,743
	550,000		HSBC Holdings plc		4.000		03/30/22		585,142

5

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	2,450,000		HSBC Holdings plc		4.250	%	03/14/24	$	2,521,359
	675,000		HSBC Holdings plc		6.500		09/15/37		832,312
	1,050,000		HSBC Holdings plc		5.250		03/14/44		1,124,340
	1,450,000		HSBC USA, Inc		2.250		06/23/19		1,454,781
	1,215,000	g	Hutchison Whampoa International 12 II Ltd		3.250		11/08/22		1,192,790
	895,000		JPMorgan Chase & Co		5.125		09/15/14		903,488
	4,625,000		JPMorgan Chase & Co		4.850		02/01/44		4,904,008
	750,000	i	JPMorgan Chase & Co		5.150		12/30/49		719,063
	900,000	g	Macquarie Bank Ltd		2.600		06/24/19		905,689
	1,000,000	g,i	Oversea-Chinese Banking Corp Ltd		4.000		10/15/24		1,017,449
	2,950,000	g	PKO Finance AB		4.630		09/26/22		3,068,000
	2,075,000		PNC Bank NA		2.200		01/28/19		2,095,439
	2,425,000		PNC Bank NA		2.250		07/02/19		2,437,942
	1,750,000		PNC Bank NA		2.700		11/01/22		1,686,930
	3,050,000		PNC Bank NA		2.950		01/30/23		2,985,087
	1,500,000		PNC Financial Services Group, Inc		3.900		04/29/24		1,528,493
	835,000	g,i	Rabobank Nederland NV		11.000		12/30/49		1,121,146
	2,200,000		Royal Bank of Canada		2.200		07/27/18		2,246,578
	560,000	g	Sumitomo Mitsui Banking Corp		3.150		07/22/15		575,456
	1,025,000		Sumitomo Mitsui Banking Corp		2.500		07/19/18		1,048,052
	1,075,000		SunTrust Bank		2.750		05/01/23		1,031,929
	310,000		Toronto-Dominion Bank		2.500		07/14/16		321,060
	850,000	g	Turkiye Garanti Bankasi AS.		4.750		10/17/19		856,375
	525,000	g	Turkiye Halk Bankasi AS.		4.750		06/04/19		524,528
	400,000	g	Turkiye Is Bankasi		3.750		10/10/18		393,200
	1,000,000	g	Turkiye Is Bankasi		5.000		06/25/21		992,591
	1,750,000		Union Bank NA		2.125		06/16/17		1,788,904
	1,550,000		UnionBanCal Corp		3.500		06/18/22		1,598,276
	2,500,000		US Bancorp		1.650		05/15/17		2,538,168
	950,000		US Bancorp		2.950		07/15/22		935,538
	2,145,000		Westpac Banking Corp		3.000		08/04/15		2,204,000
	2,150,000		Westpac Banking Corp		2.250		01/17/19		2,176,054
	1,800,000	g	Zenith Bank plc		6.250		04/22/19		1,793,340
			TOTAL BANKS						101,029,174
CAPITAL GOODS - 1.0%
	413,000	g	Alpek S.A. de C.V.		5.375		08/08/23		429,520
	3,125,000		Caterpillar, Inc		1.500		06/26/17		3,160,488
	1,250,000	g	EADS Finance BV		2.700		04/17/23		1,203,716
	675,000		Eaton Corp		4.000		11/02/32		675,430
	4,650,000		John Deere Capital Corp		1.950		03/04/19		4,652,088
	716,953	g	Odebrecht Offshore Drilling Finance Ltd		6.625		10/01/22		763,554
	725,000	g	Schaeffler Finance BV		4.750		05/15/21		746,750
	3,700,000	g	Seagate HDD Cayman		4.750		06/01/23		3,727,750
	1,468,000	g	Sealed Air Corp		8.375		09/15/21		1,680,860
	845,000	g	Sealed Air Corp		5.250		04/01/23		857,675
	2,290,000	g	Stena AB		7.000		02/01/24		2,438,850
	1,000,000	g	TSMC Global Ltd		1.625		04/03/18		985,439
	1,975,000		United Technologies Corp		1.800		06/01/17		2,017,263
	1,050,000		United Technologies Corp		4.500		06/01/42		1,099,732
			TOTAL CAPITAL GOODS						24,439,115

6

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%
$	250,000		ADT Corp		6.250	%	10/15/21	$	265,000
	1,425,000		Air Lease Corp		3.875		04/01/21		1,453,500
	1,495,000		Republic Services, Inc		3.800		05/15/18		1,601,637
	2,400,000		Republic Services, Inc		3.550		06/01/22		2,481,005
	475,000	g	Time, Inc		5.750		04/15/22		479,750
	1,500,000		Waste Management, Inc		2.600		09/01/16		1,551,934
	2,800,000		Waste Management, Inc		2.900		09/15/22		2,742,533
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						10,575,359
CONSUMER DURABLES & APPAREL - 0.2%
	1,475,000		DR Horton, Inc		5.750		08/15/23		1,585,625
	300,000		DR Horton, Inc		3.625		02/15/18		307,125
	1,200,000		DR Horton, Inc		3.750		03/01/19		1,206,000
	2,000,000		PVH Corp		4.500		12/15/22		1,970,000
	500,000		Whirlpool Corp		3.700		03/01/23		504,936
			TOTAL CONSUMER DURABLES & APPAREL						5,573,686
CONSUMER SERVICES - 0.3%
	900,000		Ameristar Casinos, Inc		7.500		04/15/21		969,750
	775,000		ARAMARK Corp		5.750		03/15/20		819,562
	425,000	g	GLP Capital LP		4.375		11/01/18		438,813
	1,775,000	g	SABMiller Holdings, Inc		3.750		01/15/22		1,837,950
	1,250,000	g	SABMiller Holdings, Inc		4.950		01/15/42		1,350,765
	1,000,000		Walt Disney Co		0.450		12/01/15		1,000,994
			TOTAL CONSUMER SERVICES						6,417,834
DIVERSIFIED FINANCIALS - 5.1%
	1,190,000	g	Abbey National Treasury Services plc		3.875		11/10/14		1,204,610
	750,000		Abbey National Treasury Services plc		4.000		04/27/16		790,807
	1,000,000	g	Ajecorp BV		6.500		05/14/22		920,000
	1,500,000		American Express Centurion Bank		6.000		09/13/17		1,718,259
	1,575,000		American Express Co		2.650		12/02/22		1,535,860
	4,975,000		American Express Credit Corp		1.300		07/29/16		5,016,382
	4,750,000		American Express Credit Corp		2.125		07/27/18		4,826,275
	10,750,000	g,i	Armor Re Ltd		4.020		12/15/16		10,573,700
	1,690,000		Bank of America Corp		5.300		03/15/17		1,858,721
	1,125,000		Bank of America Corp		6.000		09/01/17		1,270,953
	4,500,000		Bank of America Corp		2.650		04/01/19		4,561,200
	6,700,000		Bank of America Corp		4.100		07/24/23		6,953,709
	1,000,000		Bank of America Corp		4.000		04/01/24		1,020,531
	2,000,000		Bank of America Corp		5.000		01/21/44		2,121,886
	1,250,000		Bank of New York Mellon Corp		1.200		02/20/15		1,256,314
	1,200,000	i	Bank of New York Mellon Corp		1.969		06/20/17		1,226,028
	580,000		Bank of New York Mellon Corp		5.450		05/15/19		668,324
	1,000,000	g	BBVA Bancomer S.A.		4.375		04/10/24		1,018,750
	1,125,000		BlackRock, Inc		3.500		12/10/14		1,141,215
	1,400,000		BlackRock, Inc		4.250		05/24/21		1,535,964
	825,000		Capital One Financial Corp		1.000		11/06/15		827,262
	1,500,000	g	Comcel Trust		6.875		02/06/24		1,620,000
	1,475,000		Credit Suisse		2.300		05/28/19		1,477,369
	1,600,000		Ford Motor Credit Co LLC		4.250		02/03/17		1,718,298

7

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	2,500,000		Ford Motor Credit Co LLC		3.000	%	06/12/17	$	2,608,125
	800,000		Ford Motor Credit Co LLC		6.625		08/15/17		920,891
	9,500,000		General Electric Capital Corp		2.300		01/14/19		9,691,178
	2,425,000		General Electric Capital Corp		3.100		01/09/23		2,405,964
	810,000		General Electric Capital Corp		6.875		01/10/39		1,088,055
	3,960,000		Goldman Sachs Group, Inc		3.300		05/03/15		4,047,952
	3,500,000		Goldman Sachs Group, Inc		2.625		01/31/19		3,547,572
	3,500,000		Goldman Sachs Group, Inc		3.625		01/22/23		3,515,053
	1,450,000		Goldman Sachs Group, Inc		4.000		03/03/24		1,476,040
	1,500,000	h	Goldman Sachs Group, Inc		3.850		07/08/24		1,498,020
	135,000		Goldman Sachs Group, Inc		6.450		05/01/36		157,643
	335,000		Goldman Sachs Group, Inc		6.750		10/01/37		403,016
	1,225,000	h	Goldman Sachs Group, Inc		4.800		07/08/44		1,219,022
	448,000	g	Hyundai Capital America, Inc		3.750		04/06/16		468,859
	600,000	g	Hyundai Capital Services, Inc		4.375		07/27/16		637,872
	400,000	g	Hyundai Capital Services, Inc		3.500		09/13/17		420,824
	525,000		Icahn Enterprises LP		4.875		03/15/19		540,750
	300,000		Indian Railway Finance Corp Ltd		3.917		02/26/19		308,061
	575,000	g	International Lease Finance Corp		6.500		09/01/14		579,312
	4,850,000		International Lease Finance Corp		5.875		08/15/22		5,298,625
	1,975,000		Landwirtschaftliche Rentenbank		5.125		02/01/17		2,192,289
	350,000		Legg Mason, Inc		2.700		07/15/19		352,461
	475,000		Legg Mason, Inc		3.950		07/15/24		479,461
	3,600,000		Morgan Stanley		1.750		02/25/16		3,651,127
	400,000		Morgan Stanley		3.750		02/25/23		406,912
	1,075,000		Morgan Stanley		3.875		04/29/24		1,088,029
	2,000,000		Morgan Stanley		6.375		07/24/42		2,537,686
	565,000		National Rural Utilities Cooperative Finance Corp		10.375		11/01/18		761,176
	1,500,000	g	Nederlandse Waterschapsbank NV		1.875		03/13/19		1,508,460
	1,000,000	g	Odebrecht Finance Ltd		5.250		06/27/29		995,500
	575,000	g	Rio Oil Finance Trust		6.250		07/06/24		603,934
	900,000	g	SUAM Finance BV		4.875		04/17/24		918,000
	1,700,000	g	Temasek Financial I Ltd		2.375		01/23/23		1,626,031
	1,025,000		Toyota Motor Credit Corp		1.250		10/05/17		1,024,293
	1,400,000	g	UBS AG.		1.875		01/23/15		1,411,858
	1,500,000		Unilever Capital Corp		2.200		03/06/19		1,521,706
	325,000		Waha Aerospace BV		3.925		07/28/20		345,260
	601,250	g	Waha Aerospace BV		3.925		07/28/20		638,732
	4,650,000		Wells Fargo & Co		1.500		07/01/15		4,702,443
	2,300,000		Wells Fargo & Co		4.100		06/03/26		2,328,978
			TOTAL DIVERSIFIED FINANCIALS						126,789,587
ENERGY - 3.5%
	1,275,000		Anadarko Petroleum Corp		5.950		09/15/16		1,412,135
	365,000		Anadarko Petroleum Corp		6.950		06/15/19		446,705
	625,000		Apache Corp		1.750		04/15/17		636,075
	1,320,000		Apache Corp		4.750		04/15/43		1,383,338
	3,375,000		Ashland, Inc		3.875		04/15/18		3,472,031
	1,500,000		Ashland, Inc		4.750		08/15/22		1,507,500
	3,050,000		BP Capital Markets plc		1.375		05/10/18		3,021,617
	795,000	g	Calumet Specialty Products Partners LP		6.500		04/15/21		810,900
	1,475,000		Canadian Natural Resources Ltd		3.800		04/15/24		1,520,449

8

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	500,000	i	Chesapeake Energy Corp		3.479	%	04/15/19	$	505,625
	3,500,000		Chevron Corp		2.355		12/05/22		3,364,424
	1,540,000		Cimarex Energy Co		5.875		05/01/22		1,701,700
	1,875,000		Concho Resources, Inc		5.500		04/01/23		2,015,625
	350,000	g	CONSOL Energy, Inc		5.875		04/15/22		366,625
	2,875,000		Devon Energy Corp		1.875		05/15/17		2,924,666
	725,000		Devon Energy Corp		4.750		05/15/42		753,356
	600,000		Ecopetrol S.A.		5.875		05/28/45		620,568
	2,875,000	g	EDC Finance Ltd		4.875		04/17/20		2,810,312
	990,000	g	Empresa Nacional del Petroleo		6.250		07/08/19		1,128,440
	480,000		Enbridge Energy Partners LP		5.200		03/15/20		536,028
	335,000		Enterprise Products Operating LLC		5.600		10/15/14		339,954
	170,000		Enterprise Products Operating LLC		5.000		03/01/15		175,119
	1,500,000		Enterprise Products Operating LLC		5.100		02/15/45		1,601,182
	675,000		EOG Resources, Inc		2.625		03/15/23		651,399
	1,425,000	g	Exterran Partners		6.000		10/01/22		1,446,375
	1,295,000		Hess Corp		5.600		02/15/41		1,505,810
	1,350,000	g	Indo Energy Finance II BV		6.375		01/24/23		1,126,575
	1,200,000		Marathon Petroleum Corp		3.500		03/01/16		1,253,144
	1,200,000		Newfield Exploration Co		5.750		01/30/22		1,326,000
	1,400,000		Noble Energy, Inc		5.250		11/15/43		1,543,374
	500,000		Noble Holding International Ltd		3.450		08/01/15		514,255
	1,320,000		Noble Holding International Ltd		4.900		08/01/20		1,456,134
	1,800,000		Noble Holding International Ltd		3.950		03/15/22		1,843,668
	700,000	g	Oleoducto Central SA		4.000		05/07/21		700,000
	2,150,000	g	ONE Gas, Inc		2.070		02/01/19		2,151,888
	700,000	g	ONE Gas, Inc		3.610		02/01/24		723,734
	1,475,000	g	ONE Gas, Inc		4.658		02/01/44		1,588,827
	1,400,000	g	Pacific Rubiales Energy Corp		5.375		01/26/19		1,459,500
	365,000		Pemex Project Funding Master Trust		5.750		03/01/18		411,537
	1,500,000	g	Pertamina PT		5.250		05/23/21		1,545,000
	1,350,000	i	Petrobras Global Finance BV		1.849		05/20/16		1,351,674
	1,375,000		Petrobras Global Finance BV		3.250		03/17/17		1,409,774
	1,000,000	i	Petrobras Global Finance BV		2.367		01/15/19		995,000
	500,000		Petrobras Global Finance BV		6.250		03/17/24		532,200
	1,640,000		Petrobras International Finance Co		3.875		01/27/16		1,690,922
	300,000		Petrobras International Finance Co		3.500		02/06/17		307,950
	925,000		Petroleos Mexicanos		4.875		03/15/15		950,900
	1,875,000		Petroleos Mexicanos		3.500		07/18/18		1,970,625
	170,000		Petroleos Mexicanos		8.000		05/03/19		210,630
	450,000		Petroleos Mexicanos		5.500		06/27/44		468,450
	1,315,000	g	Petroleum Co of Trinidad & Tobago Ltd		9.750		08/14/19		1,653,613
	1,400,000		Phillips 66		1.950		03/05/15		1,414,010
	2,500,000		Plains Exploration & Production Co		6.500		11/15/20		2,790,625
	625,000		Precision Drilling Corp		6.500		12/15/21		679,688
	1,500,000	g	PTT Exploration & Production PCL		3.707		09/16/18		1,566,684
	530,000		Regency Energy Partners LP		5.875		03/01/22		575,713
	900,000		Shell International Finance BV		4.550		08/12/43		947,960
	1,000,000		Southwestern Energy Co		4.100		03/15/22		1,059,832
	415,000		Statoil ASA		2.900		10/15/14		418,094
	675,000		Statoil ASA		1.200		01/17/18		670,127
	1,700,000		Statoil ASA		2.450		01/17/23		1,631,755

9

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,325,000		Statoil ASA		4.250	%	11/23/41	$	1,335,731
	1,325,000		Total Capital Canada Ltd		1.450		01/15/18		1,325,468
	2,000,000		Total Capital International S.A.		1.500		02/17/17		2,031,986
	1,915,000		TransCanada Pipelines Ltd		7.690		06/30/16		2,149,385
	660,000		TransCanada PipeLines Ltd		5.850		03/15/36		788,752
	700,000		Vale Overseas Ltd		4.375		01/11/22		718,690
	480,000		Vale Overseas Ltd		6.875		11/21/36		531,379
	515,000		Valero Energy Corp		4.500		02/01/15		526,852
	1,500,000		WPX Energy, Inc		6.000		01/15/22		1,601,250
			TOTAL ENERGY						88,607,313
FOOD & STAPLES RETAILING - 0.2%
	500,000		CVS Caremark Corp		3.250		05/18/15		512,743
	1,375,000		CVS Caremark Corp		4.000		12/05/23		1,438,891
	950,000		CVS Caremark Corp		5.300		12/05/43		1,073,943
	2,500,000		Ingles Markets, Inc		5.750		06/15/23		2,537,500
			TOTAL FOOD & STAPLES RETAILING						5,563,077
FOOD, BEVERAGE & TOBACCO - 0.8%
	2,500,000		Anheuser-Busch InBev Worldwide, Inc		2.875		02/15/16		2,592,567
	2,500,000		Anheuser-Busch InBev Worldwide, Inc		1.375		07/15/17		2,508,410
	1,450,000		Anheuser-Busch InBev Worldwide, Inc		2.500		07/15/22		1,389,442
	325,000		Campbell Soup Co		2.500		08/02/22		305,779
	1,225,000		Coca-Cola Co		3.200		11/01/23		1,238,196
	350,000	g	Corp Lindley S.A.		6.750		11/23/21		386,750
	1,600,000		Diageo Capital plc		2.625		04/29/23		1,533,787
	1,000,000	g	Embotelladora Andina S.A.		5.000		10/01/23		1,060,849
	650,000		General Mills, Inc		5.200		03/17/15		671,845
	750,000	g	Grupo Bimbo SAB de C.V.		4.875		06/30/20		817,500
	880,000	g	Grupo Bimbo SAB de C.V.		4.500		01/25/22		930,670
	1,000,000	g	Grupo Bimbo SAB de C.V.		3.875		06/27/24		998,020
	735,000		Kraft Foods Group, Inc		6.500		02/09/40		941,188
	650,000		Mondelez International, Inc		4.125		02/09/16		683,522
	1,750,000		Mondelez International, Inc		4.000		02/01/24		1,812,638
	78,000		PepsiCo, Inc		7.900		11/01/18		97,089
	468,000	g	Pernod-Ricard S.A.		5.750		04/07/21		537,989
	1,475,000	g	Pernod-Ricard S.A.		4.250		07/15/22		1,544,918
	200,000		Philip Morris International, Inc		6.375		05/16/38		256,603
	550,000	g	Post Holdings, Inc		6.000		12/15/22		561,000
			TOTAL FOOD, BEVERAGE & TOBACCO						20,868,762
HEALTH CARE EQUIPMENT & SERVICES - 1.0%
	1,450,000		Baxter International, Inc		3.200		06/15/23		1,438,158
	600,000		Becton Dickinson & Co		1.750		11/08/16		611,346
	375,000	g	CHS/Community Health Systems		6.875		02/01/22		397,500
	1,500,000		Covidien International Finance S.A.		1.350		05/29/15		1,512,175
	750,000		Covidien International Finance S.A.		3.200		06/15/22		754,397
	6,405,000		Express Scripts Holding Co		2.100		02/12/15		6,469,639
	1,775,000		Express Scripts Holding Co		3.900		02/15/22		1,857,616
	1,000,000	g	Fresenius Medical Care II		5.625		07/31/19		1,090,000
	2,700,000		HCA, Inc		6.500		02/15/20		3,037,500
	750,000		Mallinckrodt International Finance S.A.		3.500		04/15/18		746,250

10

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	2,075,000		McKesson Corp		4.883	%	03/15/44	$	2,179,078
	525,000		Thermo Fisher Scientific, Inc		2.400		02/01/19		530,342
	700,000		Thermo Fisher Scientific, Inc		4.150		02/01/24		732,026
	1,375,000		Thermo Fisher Scientific, Inc		5.300		02/01/44		1,526,132
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						22,882,159
HOUSEHOLD & PERSONAL PRODUCTS - 0.2%
	1,000,000		Clorox Co		3.800		11/15/21		1,047,371
	1,950,000		Colgate-Palmolive Co		2.300		05/03/22		1,893,072
	800,000		Ecolab, Inc		1.450		12/08/17		801,024
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						3,741,467
INSURANCE - 2.2%
	750,000		Aetna, Inc		1.500		11/15/17		752,840
	310,000		Aetna, Inc		6.500		09/15/18		366,507
	285,000		Aetna, Inc		6.625		06/15/36		370,812
	1,225,000		Allstate Corp		3.150		06/15/23		1,229,170
	1,225,000		Allstate Corp		4.500		06/15/43		1,272,637
	1,525,000		Berkshire Hathaway Finance Corp		1.300		05/15/18		1,511,882
	500,000		Chubb Corp		6.000		05/11/37		628,838
	235,000		CIGNA Corp		5.125		06/15/20		265,732
	2,000,000		CIGNA Corp		4.500		03/15/21		2,197,856
	4,925,000	g	Five Corners Funding Trust		4.419		11/15/23		5,192,585
	1,125,000		Hartford Financial Services Group, Inc		4.000		03/30/15		1,154,998
	1,300,000		Hartford Financial Services Group, Inc		4.000		10/15/17		1,402,783
	1,275,000		Lincoln National Corp		7.000		06/15/40		1,747,948
	175,000	g	MetLife Institutional Funding II		1.625		04/02/15		176,578
	1,125,000		MetLife, Inc		6.750		06/01/16		1,250,173
	4,700,000		MetLife, Inc		4.368		09/15/23		5,042,296
	2,675,000		MetLife, Inc		4.125		08/13/42		2,603,334
	450,000		Principal Financial Group, Inc		1.850		11/15/17		452,272
	1,500,000		Progressive Corp		3.750		08/23/21		1,598,493
	750,000		Prudential Financial, Inc		3.875		01/14/15		763,898
	630,000		Prudential Financial, Inc		7.375		06/15/19		780,193
	1,075,000		Prudential Financial, Inc		5.400		06/13/35		1,209,174
	1,375,000		Prudential Financial, Inc		5.100		08/15/43		1,484,692
	5,750,000	i	Prudential Financial, Inc		5.200		03/15/44		5,865,000
	1,190,000	g	Prudential Funding LLC		6.750		09/15/23		1,479,587
	525,000	g	Swiss Re Treasury US Corp		2.875		12/06/22		502,489
	1,325,000	g	Swiss Re Treasury US Corp		4.250		12/06/42		1,276,301
	615,000		Travelers Cos, Inc		5.800		05/15/18		706,296
	1,450,000		UnitedHealth Group, Inc		0.850		10/15/15		1,456,413
	1,100,000		UnitedHealth Group, Inc		1.400		10/15/17		1,104,170
	1,375,000		UnitedHealth Group, Inc		3.950		10/15/42		1,288,112
	3,000,000		WellPoint, Inc		3.125		05/15/22		2,995,566
	1,500,000		WellPoint, Inc		4.625		05/15/42		1,527,203
	3,350,000		Willis Group Holdings plc		4.125		03/15/16		3,502,763
	410,000		WR Berkley Corp		5.375		09/15/20		460,779
			TOTAL INSURANCE						55,620,370
MATERIALS - 2.2%
	170,000		Airgas, Inc		4.500		09/15/14		171,408

11

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	750,000		ArcelorMittal		5.000	%	02/25/17	$	793,125
	943,000		Ball Corp		4.000		11/15/23		898,207
	1,850,000		Barrick North America Finance LLC		4.400		05/30/21		1,935,607
	550,000		BHP Billiton Finance USA Ltd		5.000		09/30/43		607,852
	1,100,000		Braskem Finance Ltd		6.450		02/03/24		1,175,625
	675,000	g	Cascades, Inc		5.500		07/15/22		673,312
	1,475,000	g	Cemex Finance LLC		6.000		04/01/24		1,535,844
	750,000	g	Cia Brasileira de Aluminio		4.750		06/17/24		736,875
	800,000		Corning, Inc		1.450		11/15/17		786,626
	1,650,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.875		11/03/21		1,709,548
	2,648,000		Crown Americas LLC		6.250		02/01/21		2,833,360
	1,815,000		Crown Americas LLC		4.500		01/15/23		1,767,810
	335,000		Eastman Chemical Co		5.500		11/15/19		379,975
	635,000		Fibria Overseas Finance Ltd		5.250		05/12/24		631,825
	500,000	g	Fresnillo plc		5.500		11/13/23		522,500
	3,400,000	g	Glencore Funding LLC		2.500		01/15/19		3,391,347
	1,900,000	g	Glencore Funding LLC		3.125		04/29/19		1,937,620
	1,300,000	g	Glencore Funding LLC		4.625		04/29/24		1,340,170
	1,900,000		Hexion US Finance Corp		6.625		04/15/20		2,014,000
	8,225,000		International Paper Co		4.750		02/15/22		9,069,436
	700,000		International Paper Co		4.800		06/15/44		705,523
	1,000,000		LyondellBasell Industries NV		5.000		04/15/19		1,127,976
	625,000		Monsanto Co		3.375		07/15/24		629,131
	1,350,000		Nucor Corp		4.000		08/01/23		1,398,712
	1,500,000	g	OCP S.A.		5.625		04/25/24		1,573,125
	500,000		Rio Tinto Finance USA Ltd		2.250		09/20/16		515,511
	840,000		Rio Tinto Finance USA plc		2.250		12/14/18		856,262
	3,045,000		Rock Tenn Co		3.500		03/01/20		3,133,342
	1,000,000		Rosetta Resources, Inc		5.625		05/01/21		1,028,750
	2,650,000		Sherwin-Williams Co		1.350		12/15/17		2,653,419
	875,000		Teck Resources Ltd		2.500		02/01/18		891,253
	1,925,000		Teck Resources Ltd		3.750		02/01/23		1,869,040
	275,000		Teck Resources Ltd		6.000		08/15/40		290,772
	500,000		Teck Resources Ltd		5.200		03/01/42		481,538
	1,550,000	g	Turkiye Sise ve Cam Fabrikalari AS.		4.250		05/09/20		1,495,750
			TOTAL MATERIALS						53,562,176
MEDIA - 2.0%
	1,900,000		AMC Entertainment, Inc		5.875		02/15/22		1,976,000
	1,400,000	g	CBS Outdoor Americas Capital LLC		5.250		02/15/22		1,438,500
	1,450,000		Cinemark USA, Inc		4.875		06/01/23		1,446,375
	4,775,000		Comcast Corp		4.250		01/15/33		4,905,047
	3,050,000		DIRECTV Holdings LLC		4.450		04/01/24		3,233,988
	1,050,000		DISH DBS Corp		4.250		04/01/18		1,092,000
	875,000		Grupo Televisa SAB		5.000		05/13/45		876,741
	1,375,000	g	NBC Universal Enterprise, Inc		1.662		04/15/18		1,374,101
	1,475,000	g	NBC Universal Enterprise, Inc		1.974		04/15/19		1,462,592
	1,175,000		NBC Universal Media LLC		2.875		01/15/23		1,166,983
	4,500,000		News America, Inc		3.000		09/15/22		4,430,295
	110,000		News America, Inc		7.625		11/30/28		143,452
	85,000		News America, Inc		6.550		03/15/33		105,880
	730,000		News America, Inc		6.650		11/15/37		926,909

12

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	600,000		News America, Inc		6.900	%	08/15/39	$	784,851
	1,000,000		Nielsen Finance LLC		4.500		10/01/20		1,007,500
	125,000	g,h	Nielsen Finance LLC		5.000		04/15/22		125,938
	250,000		Time Warner Cable, Inc		5.875		11/15/40		291,615
	1,475,000		Time Warner Cable, Inc		4.500		09/15/42		1,435,884
	960,000		Time Warner, Inc		3.150		07/15/15		986,476
	4,350,000		Time Warner, Inc		2.100		06/01/19		4,327,863
	4,000,000		Time Warner, Inc		4.700		01/15/21		4,429,196
	565,000		Time Warner, Inc		6.500		11/15/36		691,388
	525,000		Time Warner, Inc		4.900		06/15/42		534,669
	1,500,000		Time Warner, Inc		4.650		06/01/44		1,471,472
	2,200,000	g	Univision Communications, Inc		5.125		05/15/23		2,329,250
	2,450,000		Viacom, Inc		1.250		02/27/15		2,463,698
	1,585,000		Viacom, Inc		2.500		12/15/16		1,633,751
	1,500,000		Viacom, Inc		5.850		09/01/43		1,723,242
			TOTAL MEDIA						48,815,656
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.8%
	2,950,000		Amgen, Inc		2.200		05/22/19		2,946,572
	1,904,000	g	Endo Finance LLC & Endo Finco, Inc		7.000		07/15/19		2,034,900
	1,575,000		Gilead Sciences, Inc		3.700		04/01/24		1,616,109
	1,775,000		Gilead Sciences, Inc		4.800		04/01/44		1,872,971
	480,000		Life Technologies Corp		3.500		01/15/16		498,625
	1,450,000		Mead Johnson Nutrition Co		5.900		11/01/39		1,732,681
	425,000		Mead Johnson Nutrition Co		4.600		06/01/44		428,412
	725,000		Mylan, Inc		2.550		03/28/19		730,314
	1,828,000	g	Mylan, Inc		7.875		07/15/20		2,023,338
	1,350,000		NBTY, Inc		9.000		10/01/18		1,427,625
	550,000	g	Perrigo Co Ltd		4.000		11/15/23		559,001
	650,000	g	Perrigo Co Ltd		5.300		11/15/43		697,291
	1,300,000	g	Valeant Pharmaceuticals International, Inc		6.375		10/15/20		1,381,250
	875,000	g	Valeant Pharmaceuticals International, Inc		5.625		12/01/21		900,156
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						18,849,245
REAL ESTATE - 1.2%
	345,000		AMB Property LP		4.500		08/15/17		373,622
	630,000		Camden Property Trust		4.625		06/15/21		688,835
	1,650,000		Camden Property Trust		2.950		12/15/22		1,595,136
	1,000,000		DCT Industrial Operating Partnership LP		4.500		10/15/23		1,030,232
	2,000,000		Developers Diversified Realty Corp		4.750		04/15/18		2,176,660
	40,000		Federal Realty Investment Trust		5.650		06/01/16		43,529
	75,000		Federal Realty Investment Trust		5.900		04/01/20		87,869
	450,000		Federal Realty Investment Trust		3.000		08/01/22		445,022
	300,000		Federal Realty Investment Trust		2.750		06/01/23		287,211
	500,000		Healthcare Realty Trust, Inc		5.750		01/15/21		565,468
	325,000		Healthcare Realty Trust, Inc		3.750		04/15/23		317,463
	825,000		Healthcare Trust of America Holdings LP		3.375		07/15/21		825,444
	675,000		Healthcare Trust of America Holdings LP		3.700		04/15/23		655,902
	2,250,000		Highwoods Realty LP		5.850		03/15/17		2,500,767
	1,645,000		Highwoods Realty LP		3.200		06/15/21		1,625,477
	2,050,000		Kilroy Realty LP		3.800		01/15/23		2,068,054
	2,375,000		Liberty Property LP		4.125		06/15/22		2,471,872

13

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	700,000		Mid-America Apartments LP		4.300	%	10/15/23	$	732,760
	1,200,000		Mid-America Apartments LP		3.750		06/15/24		1,195,438
	650,000		National Retail Properties, Inc		5.500		07/15/21		741,127
	1,075,000		National Retail Properties, Inc		3.300		04/15/23		1,043,279
	350,000		Regency Centers LP		5.250		08/01/15		366,496
	40,000		Regency Centers LP		5.875		06/15/17		44,967
	105,000		Simon Property Group LP		5.250		12/01/16		114,688
	2,075,000		Simon Property Group LP		2.800		01/30/17		2,162,936
	470,000		Simon Property Group LP		10.350		04/01/19		636,784
	1,000,000	g	Trust F		5.250		12/15/24		1,050,000
	340,000		Ventas Realty LP		3.125		11/30/15		350,937
	1,275,000		Ventas Realty LP		3.750		05/01/24		1,273,263
	400,000		Weingarten Realty Investors		3.375		10/15/22		392,021
	1,876,000		Weingarten Realty Investors		3.500		04/15/23		1,837,523
	475,000		Weingarten Realty Investors		4.450		01/15/24		496,848
			TOTAL REAL ESTATE						30,197,630
RETAILING - 1.4%
	2,200,000		AmeriGas Finance LLC		3.750		05/01/21		2,186,250
	1,667,000		AutoNation, Inc		5.500		02/01/20		1,839,951
	1,000,000	g	Golden Eagle Retail Group Ltd		4.625		05/21/23		929,397
	1,500,000		Home Depot, Inc		2.250		09/10/18		1,534,996
	3,000,000		Home Depot, Inc		2.000		06/15/19		3,002,079
	1,868,000		Limited Brands, Inc		6.625		04/01/21		2,122,515
	2,750,000		Limited Brands, Inc		5.625		02/15/22		2,976,875
	1,385,000		Macy’s Retail Holdings, Inc		2.875		02/15/23		1,329,448
	370,000	g	Men’s Wearhouse, Inc		7.000		07/01/22		382,950
	1,660,000		O’Reilly Automotive, Inc		4.625		09/15/21		1,793,882
	5,613,000		O’Reilly Automotive, Inc		3.800		09/01/22		5,741,723
	2,400,000	g	QVC, Inc		7.500		10/01/19		2,522,566
	4,490,000	g	QVC, Inc		7.375		10/15/20		4,819,696
	375,000		QVC, Inc		5.125		07/02/22		399,247
	2,000,000		Sally Holdings LLC		5.750		06/01/22		2,130,000
	425,000		Sonic Automotive, Inc		5.000		05/15/23		417,563
			TOTAL RETAILING						34,129,138
SOFTWARE & SERVICES - 0.7%
	650,000	g	Activision Blizzard, Inc		5.625		09/15/21		700,375
	1,000,000		Baidu, Inc		2.750		06/09/19		1,003,895
	900,000	g	Ceridian LLC		8.125		11/15/17		909,000
	650,000		Equinix, Inc		4.875		04/01/20		666,250
	9,600,000		Fidelity National Information Services, Inc		5.000		03/15/22		10,092,461
	325,000	g	NCR Escrow Corp		5.875		12/15/21		342,875
	630,000		Oracle Corp		3.750		07/08/14		630,320
	2,975,000	h	Oracle Corp		3.400		07/08/24		2,968,247
			TOTAL SOFTWARE & SERVICES						17,313,423
TECHNOLOGY HARDWARE & EQUIPMENT - 1.1%
	1,125,000		Amphenol Corp		4.750		11/15/14		1,142,304
	100,000		CC Holdings GS V LLC		2.381		12/15/17		101,835
	2,125,000		Cisco Systems, Inc		2.125		03/01/19		2,141,511
	956,000		Flextronics International Ltd		4.625		02/15/20		982,290

14

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	4,925,000		General Electric Co		0.850	%	10/09/15	$	4,949,428
	415,000		General Electric Co		5.250		12/06/17		468,222
	1,950,000		General Electric Co		2.700		10/09/22		1,914,982
	850,000		General Electric Co		4.125		10/09/42		839,502
	2,725,000		General Electric Co		4.500		03/11/44		2,839,284
	1,975,000		Hewlett-Packard Co		2.750		01/14/19		2,025,084
	700,000		Hewlett-Packard Co		3.750		12/01/20		731,674
	1,185,000		L-3 Communications Corp		4.950		02/15/21		1,313,253
	225,000		Nokia Oyj		5.375		05/15/19		242,437
	1,825,000	g	NXP BV		3.750		06/01/18		1,829,562
	1,500,000		Scientific Games Corp		8.125		09/15/18		1,571,250
	975,000		Tyco Electronics Group S.A.		2.375		12/17/18		982,631
	2,500,000		Xerox Corp		2.800		05/15/20		2,495,958
	425,000		Xerox Corp		4.500		05/15/21		459,184
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						27,030,391
TELECOMMUNICATION SERVICES - 2.4%
	1,575,000		American Tower Corp		3.500		01/31/23		1,544,508
	2,950,000		AT&T, Inc		2.625		12/01/22		2,826,575
	2,200,000		AT&T, Inc		4.800		06/15/44		2,245,890
	1,235,000		BellSouth Corp		5.200		09/15/14		1,247,062
	1,500,000	g	Bharti Airtel International Netherlands BV		5.125		03/11/23		1,536,675
	900,000		CenturyLink, Inc		6.750		12/01/23		983,250
	725,000	g	CommScope Holding Co, Inc		5.000		06/15/21		739,500
	725,000	g	CommScope Holding Co, Inc		5.500		06/15/24		736,781
	250,000	g	Deutsche Telekom International Finance BV		2.250		03/06/17		256,478
	630,000		Deutsche Telekom International Finance BV		8.750		06/15/30		921,371
	875,000	g	Deutsche Telekom International Finance BV		4.875		03/06/42		915,248
	1,000,000	g	ENTEL Chile S.A.		4.875		10/30/24		1,041,341
	4,375,000		Intelsat Jackson Holdings S.A.		5.500		08/01/23		4,353,125
	400,000		Intelsat Luxembourg S.A.		8.125		06/01/23		432,500
	750,000	g	Oi S.A.		5.750		02/10/22		748,500
	500,000		Orange S.A.		5.500		02/06/44		558,410
	375,000	g	SES		3.600		04/04/23		379,189
	1,725,000	g	SES Global Americas Holdings GP		2.500		03/25/19		1,737,287
	1,325,000	g	Sprint Corp		7.250		09/15/21		1,460,812
	2,500,000		Telefonica Emisiones SAU		3.992		02/16/16		2,617,495
	2,300,000		Telefonica Emisiones SAU		4.570		04/27/23		2,442,853
	925,000		Telefonos de Mexico SAB de C.V.		5.500		11/15/19		1,060,781
	1,900,000		T-Mobile USA, Inc		6.731		04/28/22		2,049,625
	750,000	g	Turk Telekomunikasyon AS.		3.750		06/19/19		741,300
	3,000,000		Verizon Communications, Inc		0.700		11/02/15		3,007,785
	3,800,000		Verizon Communications, Inc		3.650		09/14/18		4,064,028
	1,175,000		Verizon Communications, Inc		2.550		06/17/19		1,191,988
	1,925,000		Verizon Communications, Inc		3.450		03/15/21		1,989,303
	7,200,000		Verizon Communications, Inc		5.150		09/15/23		8,057,469
	1,150,000		Verizon Communications, Inc		4.150		03/15/24		1,200,775
	4,750,000		Verizon Communications, Inc		6.550		09/15/43		5,977,595
	1,000,000	g	VimpelCom Holdings BV		5.950		02/13/23		986,250
	475,000	g,h	Wind Acquisition Finance S.A.		4.750		07/15/20		478,563
	1,175,000		Windstream Corp		6.375		08/01/23		1,191,156
			TOTAL TELECOMMUNICATION SERVICES						61,721,468

15

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
TRANSPORTATION - 0.5%
$	1,635,000	g	Asciano Finance Ltd		5.000	%	04/07/18	$	1,780,307
	350,000	g	Bombardier, Inc		4.750		04/15/19		356,125
	500,000	g	DP World Ltd		6.850		07/02/37		557,500
	400,000	g	Embraer Overseas Ltd		5.696		09/16/23		432,520
	700,000	g	ERAC USA Finance LLC		3.300		10/15/22		692,852
	750,000	g	ERAC USA Finance LLC		5.625		03/15/42		848,412
	1,262,000		GATX Corp		1.250		03/04/17		1,257,657
	1,450,000		GATX Corp		2.500		07/30/19		1,459,331
	1,175,000		GATX Corp		5.200		03/15/44		1,252,202
	3,500,000		Kansas City Southern de Mexico S.A. de C.V.		2.350		05/15/20		3,352,836
	375,000		Northrop Grumman Corp		1.750		06/01/18		373,172
	1,125,000		United Parcel Service, Inc		3.625		10/01/42		1,037,856
			TOTAL TRANSPORTATION						13,400,770
UTILITIES - 4.3%
	675,000	g	Abu Dhabi National Energy Co		2.500		01/12/18		684,823
	225,000	i	AES Corp		3.229		06/01/19		226,687
	1,385,000		AES Corp		7.375		07/01/21		1,620,450
	1,000,000		AES Corp		4.875		05/15/23		990,000
	1,250,000		AGL Capital Corp		4.400		06/01/43		1,276,614
	1,000,000		Alabama Power Co		3.550		12/01/23		1,035,972
	1,285,000		Alliant Energy Corp		4.000		10/15/14		1,298,882
	2,000,000		American Electric Power Co, Inc		2.950		12/15/22		1,943,538
	1,870,000		AmeriGas Partners LP		6.250		08/20/19		1,996,225
	775,000		Atmos Energy Corp		8.500		03/15/19		991,175
	1,575,000		Atmos Energy Corp		4.150		01/15/43		1,564,621
	1,500,000		Berkshire Hathaway Energy Co		5.150		11/15/43		1,681,781
	1,075,000		Black Hills Corp		4.250		11/30/23		1,138,597
	2,243,000	g	Calpine Corp		7.500		02/15/21		2,433,655
	11,196,000		Capital Auto Receivables Asset Trust 2013-3		1.040		11/21/16		11,250,245
	1,515,000		Carolina Power & Light Co		5.300		01/15/19		1,732,904
	225,000		Carolina Power & Light Co		5.700		04/01/35		267,941
	159,000		CenterPoint Energy Resources Corp		4.500		01/15/21		174,676
	660,000		CenterPoint Energy Resources Corp		6.250		02/01/37		817,296
	750,000	g	CEZ AS.		4.250		04/03/22		780,687
	1,050,000		CMS Energy Corp		4.700		03/31/43		1,071,696
	800,000	g	Comision Federal de Electricidad		4.875		01/15/24		854,000
	1,850,000		Commonwealth Edison Co		4.000		08/01/20		1,996,968
	395,000		Commonwealth Edison Co		5.900		03/15/36		492,593
	415,000		Connecticut Light & Power Co		5.500		02/01/19		473,779
	1,300,000		Connecticut Light & Power Co		4.300		04/15/44		1,326,443
	1,700,000		Consolidated Edison Co of New York, Inc		3.950		03/01/43		1,621,373
	225,000		Consolidated Natural Gas Co		5.000		12/01/14		229,216
	260,000		Duke Energy Carolinas LLC		4.300		06/15/20		287,253
	2,000,000		Duke Energy Corp		3.950		09/15/14		2,014,442
	650,000		Duke Energy Ohio, Inc		3.800		09/01/23		686,237
	1,500,000	g,i	Electricite de France		5.625		12/30/49		1,567,950
	275,000		Empresa Nacional de Electricidad S.A.		4.250		04/15/24		276,530
	1,000,000	g	Eskom Holdings Ltd		5.750		01/26/21		1,023,750
	550,000	g	Ferrellgas LP		6.750		01/15/22		574,750

16

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,250,000	g	FirstEnergy Transmission LLC		4.350	%	01/15/25	$	1,262,901
	1,750,000		Florida Power & Light Co		2.750		06/01/23		1,721,913
	335,000		Florida Power Corp		6.400		06/15/38		448,103
	1,410,000		FPL Group Capital, Inc		2.600		09/01/15		1,440,589
	675,000	g	Gates Global LLC		6.000		07/15/22		675,000
	1,000,000	g	Hrvatska Elektroprivreda		6.000		11/09/17		1,058,750
	630,000		Indiana Michigan Power Co		7.000		03/15/19		765,327
	555,000		Integrys Energy Group, Inc		4.170		11/01/20		584,319
	1,150,000	g	Israel Electric Corp Ltd		6.700		02/10/17		1,255,289
	2,000,000	g	Israel Electric Corp Ltd		7.250		01/15/19		2,272,500
	195,000	g	Kansas Gas & Electric		6.700		06/15/19		234,037
	600,000	g	KazMunayGas National Co JSC		4.400		04/30/23		588,300
	775,000		Kinder Morgan Energy Partners LP		9.000		02/01/19		993,282
	1,955,000	g	Korea Hydro & Nuclear Power Co Ltd		3.125		09/16/15		2,004,458
	500,000	g	Korea Hydro & Nuclear Power Co Ltd		2.875		10/02/18		511,464
	4,030,000		LG&E and KU Energy LLC		3.750		11/15/20		4,263,982
	630,000		Nevada Power Co		6.500		08/01/18		744,899
	1,335,000		NiSource Finance Corp		5.400		07/15/14		1,337,402
	700,000		NiSource Finance Corp		4.800		02/15/44		707,699
	1,025,000		Northeast Utilities		1.450		05/01/18		1,006,549
	1,975,000		Northern States Power Co		5.350		11/01/39		2,335,631
	1,800,000	g	NRG Energy, Inc		6.250		05/01/24		1,881,000
	1,525,000		NSTAR Electric Co		4.400		03/01/44		1,581,739
	1,000,000		NTPC Ltd		5.625		07/14/21		1,075,862
	1,080,000	g	Numericable Group S.A.		6.000		05/15/22		1,123,200
	540,000	g	Numericable Group S.A.		6.250		05/15/24		563,625
	1,450,000	g	Oncor Electric Delivery Co LLC		2.150		06/01/19		1,451,344
	150,000		Oncor Electric Delivery Co LLC		7.250		01/15/33		210,929
	600,000		Oncor Electric Delivery Co LLC		4.550		12/01/41		634,006
	950,000		ONEOK Partners LP		3.375		10/01/22		943,812
	1,700,000		Pacific Gas & Electric Co		3.850		11/15/23		1,769,744
	1,150,000		PacifiCorp		2.950		02/01/22		1,165,148
	885,000		Pepco Holdings, Inc		2.700		10/01/15		902,435
	135,000		Potomac Electric Power Co		7.900		12/15/38		209,199
	3,875,000		PPL Capital Funding, Inc		4.200		06/15/22		4,143,363
	1,000,000		PPL Electric Utilities Corp		3.000		09/15/21		1,019,750
	565,000		Progress Energy, Inc		7.050		03/15/19		689,602
	1,780,000		Public Service Co of Oklahoma		5.150		12/01/19		2,007,840
	440,000		Public Service Electric & Gas Co		5.300		05/01/18		499,373
	2,200,000		Public Service Electric & Gas Co		2.375		05/15/23		2,089,309
	1,190,000		Public Service Electric & Gas Co		5.375		11/01/39		1,419,232
	1,500,000		QEP Resources, Inc		5.375		10/01/22		1,545,000
	468,000		Questar Market Resources, Inc		6.875		03/01/21		525,330
	975,000		Sempra Energy		3.550		06/15/24		981,826
	1,375,000		Southern California Edison Co		4.650		10/01/43		1,483,479
	450,000		Tampa Electric Co		4.100		06/15/42		439,032
	1,000,000	g	Transportadora de Gas del Peru S.A.		4.250		04/30/28		942,500
	845,000		Virginia Electric and Power Co		2.950		01/15/22		854,352
	480,000		Williams Partners LP		3.800		02/15/15		489,233
	850,000		Williams Partners LP		4.000		11/15/21		888,829
	825,000		Williams Partners LP		4.500		11/15/23		875,067
	650,000		Xcel Energy, Inc		4.800		09/15/41		699,629
			TOTAL UTILITIES						109,720,932

17

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
			TOTAL CORPORATE BONDS					$	892,738,423
			(Cost $861,103,234)
GOVERNMENT BONDS -  40.9%
AGENCY SECURITIES - 0.1%
$	4,430,146		AMAL Ltd		3.465	%	08/21/21		4,683,795
	1,000,000		Amber Circle Funding Ltd		3.250		12/04/22		955,320
	870,867		Cal Dive I- Title XI, Inc		4.930		02/01/27		946,225
	2,000,000		UNM Sandoval Regional Medical Center		4.500		07/20/36		2,053,680
	367,813		Totem Ocean Trailer Express, Inc		4.514		12/18/19		385,123
			TOTAL AGENCY SECURITIES						9,024,143
FOREIGN GOVERNMENT BONDS - 3.3%
	520,000	g	Barbados Government International Bond		7.000		08/04/22		471,900
	1,125,000	g	Brazil Minas SPE via State of Minas Gerais		5.333		02/15/28		1,135,125
	1,000,000		Brazilian Government International Bond		4.250		01/07/25		1,013,500
	170,000		Brazilian Government International Bond		7.125		01/20/37		215,050
	970,000		Brazilian Government International Bond		5.625		01/07/41		1,042,750
	450,000	g	Caisse d’Amortissement de la Dette Sociale		3.375		03/20/24		466,533
	875,000		Colombia Government International Bond		4.375		07/12/21		938,875
	2,575,000		Colombia Government International Bond		2.625		03/15/23		2,407,625
	850,000		Colombia Government International Bond		4.000		02/26/24		876,350
	950,000	g	Croatia Government International Bond		6.250		04/27/17		1,028,964
	1,000,000	g	Croatia Government International Bond		6.375		03/24/21		1,098,750
	395,000		European Investment Bank		4.875		02/15/36		472,837
	3,325,000		Export-Import Bank of Korea		1.250		11/20/15		3,342,170
	580,000		Export-Import Bank of Korea		3.750		10/20/16		614,215
	300,000		Federative Republic of Brazil		6.000		01/17/17		333,600
	5,050,000	g	Hellenic Republic Government Bond		4.750		04/17/19		7,065,160
	230,000		Hungary Government International Bond		4.000		03/25/19		236,922
	1,130,000		Hungary Government International Bond		5.750		11/22/23		1,245,825
	250,000		Hungary Government International Bond		5.375		03/25/24		267,500
	845,000		Italy Government International Bond		5.375		06/12/17		937,166
	355,000		Italy Government International Bond		6.875		09/27/23		451,821
	290,000	g	Japan Finance Organization for Municipalities		2.125		03/06/19		292,395
	500,000	g	Kenya Government International Bond		5.875		06/24/19		510,250
	600,000	g	Kenya Government International Bond		6.875		06/24/24		624,000
	3,000,000	g,i	Kommunalbanken AS.		0.409		02/20/18		3,004,293
	3,325,000	g	Korea Housing Finance Corp		1.625		09/15/18		3,237,366
	19,270,000		Mexican Bonos		8.000		12/07/23		1,735,303
	500,000		Mexico Government International Bond		6.750		09/27/34		647,500
	1,000,000		Mexico Government International Bond		6.050		01/11/40		1,212,000
	500,000		Mexico Government International Bond		4.750		03/08/44		510,000
	1,350,000	g	Municipality Finance plc		1.750		05/21/19		1,347,200
	800,000	g	Namibia International Bonds		5.500		11/03/21		856,984
	1,825,000		Panama Government International Bond		5.200		01/30/20		2,036,700
	100,000		Peruvian Government International Bond		7.125		03/30/19		121,750
	450,000		Peruvian Government International Bond		7.350		07/21/25		596,250
	1,250,000		Philippine Government International Bond		4.200		01/21/24		1,320,312

18

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,833,000		Poland Government International Bond		5.125	%	04/21/21	$	2,062,125
	1,000,000		Poland Government International Bond		3.000		03/17/23		971,500
	620,000		Province of Quebec Canada		7.500		09/15/29		881,869
	1,025,000	g	Republic of Azerbaijan International Bond		4.750		03/18/24		1,055,750
	1,000,000	g	Republic of Serbia		5.250		11/21/17		1,042,500
	860,000	g	Republic of Serbia		7.250		09/28/21		980,400
	700,000	g	Republic of Trinidad & Tobago		4.375		01/16/24		759,500
	900,000		Republic of Turkey		6.000		01/14/41		961,875
	500,000	g	Romanian Government International Bond		6.750		02/07/22		596,875
	575,000	g	Romanian Government International Bond		4.375		08/22/23		589,260
	500,000	g	Slovenia Government International Bond		5.250		02/18/24		537,500
	50,676,000		South Africa Government Bond		8.250		09/15/17		4,889,722
	1,175,000		South Africa Government International Bond		5.500		03/09/20		1,285,744
	1,675,000		South Africa Government International Bond		5.875		09/16/25		1,861,763
	3,500,000		Spain Government Bond		3.750		10/31/18		5,308,325
	1,000,000	g	Sri Lanka Government International Bond		6.250		07/27/21		1,055,000
	1,220,000		Svensk Exportkredit AB		5.125		03/01/17		1,354,230
	1,100,000		Turkey Government International Bond		6.750		04/03/18		1,241,900
	975,000		Turkey Government International Bond		5.750		03/22/24		1,065,188
	1,032,000		United Mexican States		5.125		01/15/20		1,169,256
	891,000		Uruguay Government International Bond		4.500		08/14/24		945,351
			TOTAL FOREIGN GOVERNMENT BONDS						74,330,574
MORTGAGE BACKED - 19.8%
	277,191	i	Federal Home Loan Mortgage Corp (FHLMC)		2.380		02/01/36		296,405
	159,643	i	FHLMC		2.435		07/01/36		170,311
	487,169	i	FHLMC		2.260		09/01/36		518,617
	281,512	i	FHLMC		2.367		09/01/36		298,166
	358,342	i	FHLMC		2.371		09/01/36		379,343
	731,686	i	FHLMC		2.454		03/01/37		779,983
	421,572	i	FHLMC		6.010		04/01/37		452,341
	58,191	i	FHLMC		1.950		05/01/37		58,329
	95,575	i	FHLMC		2.340		06/01/37		101,837
	400,572	i	FHLMC		2.617		08/01/37		416,008
	507,321	i	FHLMC		1.701		09/01/37		530,997
	1,591,850		FHLMC		4.000		03/15/44		1,687,635
	4,353		Federal Home Loan Mortgage Corp Gold (FGLMC)		7.500		01/01/16		4,369
	435		FGLMC		7.500		05/01/16		441
	300		FGLMC		7.500		06/01/16		303
	373,815		FGLMC		4.500		01/01/19		400,623
	122,264		FGLMC		4.500		01/01/20		129,678
	210,822		FGLMC		5.000		05/01/20		227,337
	50,782		FGLMC		4.500		07/01/20		54,849
	9,949		FGLMC		7.000		10/01/20		10,696
	601,242		FGLMC		4.500		06/01/21		638,892
	1,084,360		FGLMC		4.500		06/01/21		1,152,282
	443,683		FGLMC		4.000		07/01/24		472,100
	142,881		FGLMC		4.500		09/01/24		153,901
	444		FGLMC		6.500		10/01/28		500
	10,090		FGLMC		6.500		01/01/29		11,370
	2,809		FGLMC		6.500		03/01/29		3,225
	32,310		FGLMC		6.500		07/01/29		36,408

19

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,564		FGLMC		8.000	%	01/01/31	$	1,791
	16,442		FGLMC		6.500		09/01/31		18,527
	38,081		FGLMC		8.000		09/01/31		44,120
	217,291		FGLMC		7.000		12/01/31		247,173
	249,734		FGLMC		4.500		07/01/33		271,106
	741,893		FGLMC		5.000		09/01/33		838,425
	307,262		FGLMC		5.500		09/01/33		348,139
	288,589		FGLMC		5.500		09/01/33		321,943
	463,589		FGLMC		5.500		10/01/33		525,271
	693,978		FGLMC		5.500		12/01/33		779,727
	1,462,967		FGLMC		7.000		12/01/33		1,695,862
	374,403		FGLMC		5.000		01/01/34		415,828
	573,135		FGLMC		4.500		04/01/35		621,824
	536,335		FGLMC		7.000		05/01/35		621,095
	106,754		FGLMC		5.000		02/01/36		118,378
	9,040		FGLMC		6.500		05/01/36		10,187
	472,556		FGLMC		5.000		04/01/38		528,120
	428,164		FGLMC		5.000		07/01/39		473,828
	3,576,716		FGLMC		4.500		11/01/40		3,927,755
	4,112,729		FGLMC		4.500		12/01/40		4,508,630
	10,000,000	h	FGLMC		3.500		08/15/44		10,250,588
	6,000,000	h	FGLMC		4.000		08/15/44		6,338,554
	3,300,776		Federal National Mortgage Association (FNMA)		4.640		11/01/14		3,299,874
	3,937		FNMA		6.500		10/01/16		4,063
	42,191		FNMA		6.500		11/01/16		43,865
	25,011		FNMA		6.500		04/01/17		26,301
	386,941		FNMA		5.500		04/01/18		411,038
	436,589		FNMA		5.000		11/01/18		464,650
	61,920		FNMA		4.500		11/01/20		65,762
	101,292		FNMA		5.500		08/01/21		110,651
	92,093		FNMA		4.500		06/01/23		98,146
	249,079		FNMA		5.000		07/01/23		271,598
	98,730		FNMA		4.000		05/01/24		105,574
	874		FNMA		8.000		07/01/24		1,013
	120,696		FNMA		4.500		08/01/24		129,374
	1,008,486		FNMA		4.000		09/01/24		1,078,011
	771,603		FNMA		3.000		05/01/27		802,751
	672		FNMA		7.500		01/01/29		769
	1,355		FNMA		6.500		04/01/29		1,532
	11,301		FNMA		7.500		07/01/29		11,723
	14,000,000	h	FNMA		2.500		07/25/29		14,220,936
	23,000,000	g,h	FNMA		3.000		07/25/29		23,891,250
	10,000,000	h	FNMA		2.500		08/25/29		10,134,373
	5,000,000	h	FNMA		3.500		08/25/29		5,285,938
	564		FNMA		7.500		02/01/31		596
	3,181		FNMA		7.500		03/01/31		3,752
	2,560		FNMA		7.500		05/01/31		2,778
	1,153		FNMA		6.500		09/01/31		1,301
	14,832		FNMA		6.500		11/01/31		16,723
	268,652		FNMA		6.500		07/01/32		306,062
	210,051		FNMA		4.500		03/25/33		217,722
	2,931,180		FNMA		5.500		03/01/34		3,296,992

20

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	120,199		FNMA		3.500	%	03/25/34	$	122,443
	46,175		FNMA		6.000		11/01/34		51,991
	10,473		FNMA		7.500		06/01/35		11,448
	39,668		FNMA		5.000		11/01/35		43,744
	354,602	i	FNMA		2.261		02/01/36		380,025
	158,342		FNMA		5.000		02/01/36		172,627
	302,779	i	FNMA		2.379		07/01/36		327,470
	307,862		FNMA		6.000		09/01/37		348,848
	913,032	i	FNMA		2.400		10/01/37		979,336
	2,438,796		FNMA		5.500		01/01/38		2,728,492
	2,286,098		FNMA		5.500		04/01/38		2,557,656
	1,819,416		FNMA		5.500		06/01/38		2,035,538
	161,061	i	FNMA		2.005		10/01/38		171,854
	3,879,145		FNMA		4.000		02/01/39		4,122,625
	1,202,666		FNMA		5.500		08/01/39		1,358,370
	675,378		FNMA		5.500		11/01/39		755,604
	3,121,037		FNMA		4.500		03/01/40		3,410,235
	44,793		FNMA		6.000		10/01/40		50,543
	1,067,544		FNMA		3.500		11/01/40		1,100,622
	10,965,320		FNMA		4.500		12/25/40		11,838,226
	77,811		FNMA		3.500		02/01/41		80,228
	984,264		FNMA		3.500		03/01/41		1,014,761
	272,851		FNMA		3.500		11/01/41		281,305
	319,891		FNMA		3.500		11/01/41		329,802
	936,588		FNMA		4.000		12/01/41		998,294
	5,943,786		FNMA		3.500		07/01/42		6,129,658
	396,581		FNMA		3.000		10/01/42		392,238
	44,735		FNMA		3.000		10/01/42		44,245
	45,656		FNMA		3.000		10/01/42		45,156
	118,257		FNMA		3.000		11/01/42		116,962
	9,277,758		FNMA		3.500		11/01/42		9,567,942
	7,908		FNMA		3.000		12/01/42		7,822
	65,549		FNMA		3.000		12/01/42		64,832
	5,325,673		FNMA		3.000		01/01/43		5,267,350
	2,454,683		FNMA		3.000		01/01/43		2,427,801
	468,577		FNMA		3.000		01/01/43		460,824
	391,501		FNMA		3.500		01/01/43		403,631
	123,445		FNMA		3.000		02/01/43		122,093
	6,734,735		FNMA		3.000		02/01/43		6,660,981
	3,117,713		FNMA		3.000		02/01/43		3,083,570
	29,980		FNMA		3.000		02/01/43		29,651
	608,162		FNMA		3.500		02/01/43		628,695
	53,472		FNMA		3.000		03/01/43		52,886
	28,558		FNMA		3.000		03/01/43		28,245
	151,184		FNMA		3.000		03/01/43		149,528
	31,376		FNMA		3.000		03/01/43		31,033
	65,635		FNMA		3.000		04/01/43		64,916
	40,900		FNMA		3.000		04/01/43		40,452
	31,116		FNMA		3.000		04/01/43		30,775
	71,046		FNMA		3.000		04/01/43		70,268
	11,045		FNMA		3.000		04/01/43		10,924
	45,958		FNMA		3.000		04/01/43		45,454

21

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	33,210		FNMA		3.000	%	04/01/43	$	32,846
	14,938		FNMA		3.000		04/01/43		14,775
	3,098		FNMA		3.000		04/01/43		3,064
	93,825		FNMA		3.500		05/01/43		96,984
	158,539		FNMA		3.500		05/01/43		163,861
	197,580		FNMA		3.500		06/01/43		204,233
	213,309		FNMA		3.500		06/01/43		220,492
	416,737		FNMA		3.500		06/01/43		430,750
	77,432		FNMA		3.500		06/01/43		80,043
	157,609		FNMA		3.500		06/01/43		162,903
	94,817		FNMA		3.500		06/01/43		98,010
	268,303		FNMA		3.500		07/01/43		277,348
	566,452		FNMA		3.500		07/01/43		585,517
	8,896,534		FNMA		4.000		09/01/43		9,476,460
	10,000,000	h	FNMA		3.000		07/25/44		9,878,910
	24,000,000	h	FNMA		3.500		07/25/44		24,705,000
	21,000,000	h	FNMA		4.000		07/25/44		22,286,250
	33,000,000	h	FNMA		4.500		07/25/44		35,737,977
	6,000,000	h	FNMA		6.000		07/25/44		6,758,436
	32,000,000	h	FNMA		3.500		08/25/44		32,840,000
	14,000,000	h	FNMA		5.000		08/25/44		15,505,001
	4,000,000	h	FNMA		5.500		08/25/44		4,470,134
	13,000,000	h	FNMA		3.500		09/25/44		13,300,625
	36,000,000	h	FNMA		4.000		09/25/44		37,972,975
	6,000,000	h	FNMA		5.000		09/25/44		6,628,125
	139		Government National Mortgage Association (GNMA)		7.000		01/15/28		156
	1,758		GNMA		7.000		02/15/28		1,812
	618		GNMA		7.000		06/15/28		640
	1,200		GNMA		7.000		06/15/28		1,341
	6,887		GNMA		6.500		09/15/28		7,853
	3,255		GNMA		6.500		09/15/28		3,699
	9,354		GNMA		6.500		11/15/28		10,628
	3,197		GNMA		7.500		11/15/28		3,634
	582		GNMA		8.500		07/15/30		590
	17,886		GNMA		8.500		10/15/30		19,417
	11,798		GNMA		8.500		10/20/30		13,989
	1,290		GNMA		8.500		12/15/30		1,553
	2,272		GNMA		7.000		06/20/31		2,700
	2,005		GNMA		6.500		07/15/31		2,282
	6,610		GNMA		7.000		07/15/31		7,179
	4,122		GNMA		7.000		07/15/31		4,629
	804		GNMA		6.500		03/15/33		914
	156,605		GNMA		5.500		07/15/33		176,294
	553,239		GNMA		5.500		09/15/33		629,254
	152,625		GNMA		5.500		02/20/35		171,294
	929,564		GNMA		5.500		05/20/35		1,045,898
	297,963		GNMA		5.500		02/20/36		333,061
	50,192		GNMA		6.000		10/20/36		57,069
	53,604		GNMA		6.000		01/20/37		60,925
	174,808		GNMA		6.000		02/20/37		198,678
	56,820		GNMA		5.500		07/15/38		63,459
	365,742		GNMA		5.500		07/20/38		408,578

22

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	140,636		GNMA		6.000	%	08/20/38	$	159,993
	166,147		GNMA		6.500		11/20/38		187,667
	1,135,077		GNMA		5.000		06/15/39		1,260,170
	1,520,769		GNMA		4.500		09/20/39		1,677,027
	1,220,320		GNMA		5.000		09/20/43		1,343,312
	1,184,105		GNMA		5.000		02/20/44		1,304,738
	1,035,112		GNMA		5.000		03/20/44		1,147,183
	2,000,000		GNMA		4.500		06/20/44		2,187,701
	4,000,000	h	GNMA		3.000		07/15/44		4,030,000
	28,000,000	h	GNMA		3.500		07/15/44		29,117,816
	3,000,000	h	GNMA		4.000		07/15/44		3,204,375
	11,000,000	h	GNMA		4.500		07/15/44		11,978,396
	4,000,000	h	GNMA		3.500		07/20/44		4,166,563
	22,000,000	h	GNMA		4.000		07/20/44		23,543,436
	1,000,000	h	GNMA		3.000		08/15/44		1,004,688
	2,000,000	h	GNMA		3.500		08/20/44		2,077,656
	3,000,000	h	GNMA		4.500		08/20/44		3,267,304
			TOTAL MORTGAGE BACKED						494,265,224
MUNICIPAL BONDS - 2.9%
	440,000		Charlotte-Mecklenburg Hospital Authority		5.000		08/01/15		449,869
	4,265,000		Denver City & County School District No. 1		3.598		12/15/27		4,291,528
	25,000,000		Florida Hurricane Catastrophe Fund Finance Corp		1.298		07/01/16		25,219,000
	11,000,000		New York State Urban Development Corp		1.350		03/15/18		10,916,180
	3,000,000		State of Illinois		4.833		02/01/17		3,221,070
	12,000,000		State of Illinois		4.350		06/01/18		12,695,400
	1,845,000		State of Illinois		4.700		01/01/21		1,968,560
	2,560,000		State of Illinois		3.860		04/01/21		2,595,328
	3,030,000		State of Illinois		4.110		04/01/22		3,016,880
	2,195,000		State of Illinois		4.310		04/01/23		2,228,364
	3,470,000		State of Illinois		4.760		04/01/26		3,578,299
	1,763,000		State Public School Building Authority		5.000		09/15/27		1,971,686
	1,000,000		University of Massachusetts Building Authority		0.430		11/01/14		999,210
			TOTAL MUNICIPAL BONDS						73,151,374
U.S. TREASURY SECURITIES - 14.8%
	22,001,000		United States Treasury Bond		4.500		02/15/36		26,720,896
	6,685,000		United States Treasury Bond		2.875		05/15/43		6,108,419
	335,000		United States Treasury Bond		3.625		02/15/44		353,529
	530,000		United States Treasury Note		0.250		02/28/15		530,559
	52,825,000		United States Treasury Note		0.375		04/30/16		52,808,519
	32,000,000		United States Treasury Note		0.375		05/31/16		31,971,264
	3,115,000		United States Treasury Note		0.625		02/15/17		3,107,212
	630,000		United States Treasury Note		0.875		04/15/17		631,526
	37,230,000		United States Treasury Note		0.875		06/15/17		37,244,557
	5,440,000		United States Treasury Note		0.875		01/31/18		5,387,727
	38,758,700		United States Treasury Note		1.500		08/31/18		38,961,563
	55,539,900		United States Treasury Note		1.375		09/30/18		55,470,475
	6,503,900		United States Treasury Note		1.625		06/30/19		6,503,900
	9,500,000		United States Treasury Note		2.000		09/30/20		9,517,812
	44,000		United States Treasury Note		2.625		11/15/20		45,705
	30,000,000		United States Treasury Note		2.375		12/31/20		30,646,860

23

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	310,000		United States Treasury Note		2.125	%	01/31/21	$	311,526
	19,475,000		United States Treasury Note		2.000		02/28/21		19,395,893
	9,000,000		United States Treasury Note		2.250		03/31/21		9,097,029
	2,415,000		United States Treasury Note		2.000		05/31/21		2,396,888
	26,454,000		United States Treasury Note		2.750		02/15/24		27,055,405
	4,693,000		United States Treasury Note		2.500		05/15/24		4,686,402
	1,100,000		United States Treasury Note		3.375		05/15/44		1,107,391
			TOTAL U.S. TREASURY SECURITIES						370,061,057
			TOTAL GOVERNMENT BONDS						1,020,832,372
			(Cost $1,007,403,379)
STRUCTURED ASSETS - 16.9%
ASSET BACKED - 10.0%
	2,475,000	g	Ally Master Owner Trust		4.590		04/15/17		2,525,921
			Series - 2010 2 (Class B)
	3,550,000		Ally Master Owner Trust		1.210		06/15/17		3,573,373
			Series - 2012 3 (Class A2)
	2,790,000		AmeriCredit Automobile Receivables Trust		3.440		10/08/17		2,866,962
			Series - 2011 5 (Class C)
	5,000,000		AmeriCredit Automobile Receivables Trust		0.540		10/10/17		5,000,175
			Series - 2014 2 (Class A2A)
	55,677	g	Asset Backed Funding Corp NIM Trust		5.900		07/26/35		1
			Series - 2006 WMC1 (Class N1)
	1,200,000	g	Avis Budget Rental Car Funding AESOP LLC		5.110		03/20/17		1,272,188
			Series - 2010 5A (Class B)
	9,300,000	g	Avis Budget Rental Car Funding AESOP LLC		4.740		11/20/17		9,928,485
			Series - 2011 3A (Class B)
	1,000,000	g	Avis Budget Rental Car Funding AESOP LLC		4.720		02/20/18		1,071,108
			Series - 2011 5A (Class B)
	9,800,000	g	Avis Budget Rental Car Funding AESOP LLC		3.040		03/20/19		10,037,846
			Series - 2012 3A (Class B)
	324,357	i	Bear Stearns Asset Backed Securities Trust		0.892		11/25/39		319,610
			Series - 2005 SD3 (Class 2A1)
	11,667,728	g,m	Capital Automotive REIT		4.700		07/15/42		12,035,990
			Series - 2012 1A (Class A)
	2,501,436	i,m	CCR, Inc		0.599		07/10/17		2,447,155
			Series - 2010 CX (Class C)
	281,459	i	CIT Group Home Equity Loan Trust		6.200		02/25/30		280,695
			Series - 2002 1 (Class AF6)
	117,035	g,i	Credit-Based Asset Servicing and Securitization LLC		6.159		12/25/36		117,470
			Series - 2007 MX1 (Class A1)
	6,410,000	g,i	DB/UBS Mortgage Trust		5.730		11/10/46		7,321,047
			Series - 2011 LC1A (Class C)
	22,919,450	g	Dominos Pizza Master Issuer LLC		5.216		01/25/42		24,629,745
			Series - 2012 1A (Class A2)
	113,393	g,i	Flagstar Home Equity Loan Trust		5.781		01/25/35		113,145
			Series - 2007 1A (Class AF3)
	11,440,000		Ford Credit Auto Owner Trust		2.930		10/15/18		11,837,609
			Series - 2012 B (Class D)
	7,800,000		Ford Credit Auto Owner Trust		2.430		01/15/19		8,019,040
			Series - 2012 C (Class D)

24

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	9,000,000		Ford Credit Auto Owner Trust		1.860	%	08/15/19	$	8,958,357
			Series - 2013 A (Class D)
	6,000,000	g	GE Capital Credit Card Master Note Trust		7.820		11/15/17		6,160,578
			Series - 2009 4 (Class C)
	2,000,000	g	GE Capital Credit Card Master Note Trust		5.750		03/15/18		2,065,150
			Series - 2010 1 (Class C)
	5,900,000	g	Hertz Vehicle Financing LLC		4.170		03/25/16		5,981,349
			Series - 2011 1A (Class B1)
	9,285,000	g	Hertz Vehicle Financing LLC		5.930		03/25/16		9,494,219
			Series - 0 2A (Class B2)
	5,000,000	g	Hertz Vehicle Financing LLC		1.860		08/25/17		5,023,950
			Series - 2013 1A (Class B1)
	2,000,000	g	Hertz Vehicle Financing LLC		4.960		03/25/18		2,147,724
			Series - 2011 1A (Class B2)
	10,000,000	g	Hertz Vehicle Financing LLC		2.480		08/25/19		9,960,910
			Series - 2013 1A (Class B2)
	7,000,000	g	Hyundai Auto Lease Securitization Trust		0.610		02/15/17		7,004,718
			Series - 2014 B (Class A2)
	1,201,463	i	Lehman XS Trust		0.402		02/25/36		1,089,701
			Series - 2006 1 (Class 1A1)
	2,557,870		Lehman XS Trust		6.500		06/25/46		2,009,332
			Series - 2006 13 (Class 2A1)
	1,000,000	g,i	Longpoint Re Ltd		3.980		05/18/16		1,008,700
			Series - 2013 144A (Class)
	246,002	i	Park Place Securities, Inc		1.097		09/25/34		246,836
			Series - 2004 WHQ1 (Class M1)
	1,709,453	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		0.672		01/25/36		1,698,079
			Series - 2005 WCH1 (Class M2)
	1,000,000	g	Rental Car Finance Corp		4.380		02/25/16		1,015,096
			Series - 2011 1A (Class B1)
	53,040	i	Residential Asset Securities Corp		6.489		10/25/30		53,097
			Series - 2001 KS2 (Class AI6)
	174,108	i	Residential Asset Securities Corp		0.797		04/25/35		174,074
			Series - 2005 KS3 (Class M3)
	443,942		Residential Funding Mortgage Securities II, Inc		5.500		08/25/25		449,335
			Series - 2006 HI5 (Class A3)
	125,703		Residential Funding Mortgage Securities II, Inc		5.960		02/25/36		125,833
			Series - 2006 HI3 (Class A3)
	185,000	i	Residential Funding Mortgage Securities II, Inc		6.060		02/25/36		196,129
			Series - 2006 HI1 (Class M2)
	3,000,000	g,i	Sanders Re Ltd		4.020		05/05/17		2,971,800
			Series - 2013 144A (Class )
	19,750,000		Santander Drive Auto Receivables Trust		3.870		02/15/18		20,560,086
			Series - 2012 2 (Class D)
	1,000,000		Santander Drive Auto Receivables Trust		2.270		01/15/19		1,013,166
			Series - 2013 1 (Class D)
	19,000,000		Santander Drive Auto Receivables Trust 2014-3		0.540		08/15/17		19,000,209
			Series - 2014 3 (Class A2A)
	543,896	i	Securitized Asset Backed Receivables LLC		0.452		10/25/35		533,340
			Series - 2006 OP1 (Class A2C)

25

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	913,963	g	Sierra Receivables Funding Co LLC		3.350	%	04/20/26	$	939,736
			Series - 2011 1A (Class A)
	766,416	g	Sierra Receivables Funding Co LLC		4.250		05/20/28		789,272
			Series - 2011 2A (Class B)
	1,385,833	g	Sierra Receivables Funding Co LLC		3.420		03/20/29		1,418,221
			Series - 2012 2A (Class B)
	8,771,986	g	Sierra Receivables Funding Co LLC		1.590		11/20/29		8,809,775
			Series - 2013 1A (Class A)
	2,123,744	g	Sierra Receivables Funding Co LLC		2.390		11/20/29		2,140,851
			Series - 2013 1A (Class B)
	4,715,000	g	SLM Student Loan Trust		4.370		04/17/28		5,051,392
			Series - 2011 A (Class A2)
	1,480,000	g	SLM Student Loan Trust		3.740		02/15/29		1,563,694
			Series - 2011 B (Class A2)
	5,213,000	g	SLM Student Loan Trust		4.540		10/17/44		5,607,160
			Series - 2011 C (Class A2B)
	4,233,000	g	SLM Student Loan Trust		3.830		01/17/45		4,458,661
			Series - 2012 A (Class A2)
	427,389	i	Soundview Home Equity Loan Trust		0.452		11/25/35		422,849
			Series - 2005 OPT3 (Class A4)
	66,887	i	Structured Asset Investment Loan Trust		0.752		05/25/35		66,870
			Series - 2005 4 (Class M1)
	2,375,666	g,i	Structured Asset Securities Corp		0.372		10/25/36		2,303,225
			Series - 2006 GEL4 (Class A2)
	5,800,000	g,i	Vitality Re IV Ltd		2.770		01/09/17		5,929,920
			Series - 2013 IV B (Class )
	216,681	g,i	Wachovia Loan Trust		0.512		05/25/35		204,942
			Series - 2005 SD1 (Class A)
	192,580	i	Wells Fargo Home Equity Trust		0.292		07/25/36		191,062
			Series - 2006 2 (Class A3)
			TOTAL ASSET BACKED						252,236,963
OTHER MORTGAGE BACKED - 6.9%
	5,021,459	g	7 WTC Depositor LLC Trust		4.082		03/13/31		5,236,960
			Series - 2012 7WTC (Class A)
	2,819,883	i	American Home Mortgage Investment Trust 2004-3		1.837		10/25/34		2,803,265
			Series - 2004 3 (Class 4A)
	500,000	g	Banc of America Commercial Mortgage Trust		5.416		01/15/49		526,328
			Series - 2007 1 (Class AM)
	791,000	i	Banc of America Commercial Mortgage Trust 2006-2		5.954		05/10/45		784,701
			Series - 2006 2 (Class C)
	1,495,000	i	Bear Stearns Commercial Mortgage Securities		6.146		09/11/42		1,638,076
			Series - 2007 T28 (Class AJ)
	3,060,000		Bear Stearns Commercial Mortgage Securities		5.363		02/11/44		3,224,160
			Series - 2007 PW15 (Class AM)
	7,085,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		7,810,575
			Series - 2007 C3 (Class AM)
	6,000,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		6,168,510
			Series - 2007 C3 (Class AJ)
	1,234,570		Comm 2014-Ccre14 Mortgage Trust		1.330		02/10/47		1,239,488
			Series - 2014 CR14 (Class A1)
	432,753		Countrywide Alternative Loan Trust		5.500		08/25/16		446,260
			Series - 2004 30CB (Class 1A15)

26

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	7,100,000		Credit Suisse First Boston Mortgage Securities Corp		4.771	%	07/15/37	$	7,285,196
			Series - 2005 C3 (Class AJ)
	3,670,000	i	Credit Suisse First Boston Mortgage Securities Corp		5.100		08/15/38		3,770,132
			Series - 2005 C5 (Class C)
	1,600,000	g	Credit Suisse Mortgage Capital Certificates		5.626		05/15/23		1,789,734
			Series - 2006 OMA (Class D)
	24,645,000		Credit Suisse Mortgage Capital Certificates		5.509		09/15/39		26,509,246
			Series - 2006 C4 (Class AM)
	820,000	g	Credit Suisse Mortgage Capital Certificates		5.383		02/15/40		854,338
			Series - 2009 RR1 (Class A3C)
	7,405,000		Federal Home Loan Mortgage Corp (FHLMC)		4.000		11/15/39		7,853,062
			Series - 2010 3748 (Class D)
	817,618	i	HarborView Mortgage Loan Trust		0.375		07/19/47		713,334
			Series - 2007 4 (Class 2A1)
	636,751	i	Impac CMB Trust		0.812		03/25/35		586,768
			Series - 2004 11 (Class 2A1)
	765,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		4.911		07/15/42		774,211
			Series - 2005 LDP2 (Class C)
	4,535,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		6.192		02/15/51		5,087,563
			Series - 2007 LD12 (Class AM)
	4,845,000	i	LB-UBS Commercial Mortgage Trust		5.057		09/15/40		5,034,406
			Series - 2005 C5 (Class AJ)
	580,000	i	Merrill Lynch Mortgage Trust		6.470		02/12/51		645,916
			Series - 0 C1 (Class AJA)
	5,000,000	i	ML-CFC Commercial Mortgage Trust 2007-6		5.526		03/12/51		5,290,285
			Series - 2007 6 (Class AM)
	1,790,000	g,i	Morgan Stanley Capital I		5.984		08/12/41		1,914,870
			Series - 2006 T23 (Class B)
	1,821,000	i	Morgan Stanley Capital I		5.832		07/12/44		1,917,752
			Series - 2006 HQ9 (Class B)
	3,206,000	i	Morgan Stanley Capital I		5.842		07/12/44		3,330,188
			Series - 2006 HQ9 (Class C)
	568,575		Residential Accredit Loans, Inc		4.350		03/25/34		585,574
			Series - 2004 QS4 (Class A1)
	1,146,349	g,i	Springleaf Mortgage Loan Trust		2.667		09/25/57		1,167,507
			Series - 2012 1A (Class A)
	561,274	g,i	Springleaf Mortgage Loan Trust		2.220		10/25/57		568,417
			Series - 0 2A (Class A)
	24,235,000		Wachovia Bank Commercial Mortgage Trust		5.383		12/15/43		26,363,124
			Series - 2007 C30 (Class AM)
	230,000	i	Wachovia Bank Commercial Mortgage Trust		5.818		05/15/46		254,922
			Series - 2007 C34 (Class AM)
	17,750,038	i	Wachovia Bank Commercial Mortgage Trust		6.163		05/15/46		18,666,969
			Series - 2007 C34 (Class AJ)
	3,515,000	i	Wachovia Bank Commercial Mortgage Trust		5.591		04/15/47		3,850,208
			Series - 2007 C31 (Class AM)
	1,475,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		1,239,420
			Series - 2007 C32 (Class B)
	14,725,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		15,076,795
			Series - 2007 C32 (Class AJ)
	1,412,923	i	WaMu Mortgage Pass-Through Certificates		0.502		12/25/45		1,307,116
			Series - 2005 AR19 (Class A1B3)

27

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
			TOTAL OTHER MORTGAGE BACKED					$	172,315,376
			TOTAL STRUCTURED ASSETS						424,552,339
			(Cost $416,973,916)
			TOTAL BONDS						2,338,123,134
			(Cost $2,285,480,529)
SHORT-TERM INVESTMENTS - 19.3%
GOVERNMENT AGENCY DEBT - 4.0%
$	8,200,000		Federal Home Loan Bank (FHLB)		0.090	%	08/13/14		8,199,119
	10,000,000		FHLB		0.078		09/10/14		9,999,210
	20,000,000	d	FHLB		0.077		11/05/14		19,995,760
	10,000,000		FHLB		0.085		11/12/14		9,997,770
	14,000,000	d	FHLB		0.050		08/15/14		13,999,125
	17,000,000		Federal Home Loan Mortgage Corp (FHLMC)		0.060		08/26/14		16,998,413
	20,500,000	d	Federal National Mortgage Association (FNMA)		0.088		08/25/14		20,497,244
			TOTAL GOVERNMENT AGENCY DEBT						99,686,641
TREASURY DEBT - 15.3%
	10,000,000	d	United States Treasury Bill		0.061		07/10/14		9,999,849
	45,600,000	d	United States Treasury Bill		0.108		07/24/14		45,597,937
	60,400,000	d	United States Treasury Bill		0.050		08/14/14		60,396,309
	98,000,000	d	United States Treasury Bill		0.106		08/21/14		97,985,353
	14,000,000	d	United States Treasury Bill		0.073		11/13/14		13,997,368
	7,000,000		United States Treasury Bill		0.033		12/18/14		6,998,348
	16,000,000	d	United States Treasury Bill		0.098		02/05/15		15,994,896
	35,500,000	d	United States Treasury Bill		0.080		03/05/15		35,485,977
	14,600,000	d	United States Treasury Bill		0.090		04/02/15		14,593,313
	15,900,000	d	United States Treasury Bill		0.090		04/30/15		15,890,969
	31,600,000	d	United States Treasury Bill		0.095		05/28/15		31,573,140
	36,000,000		United States Treasury Bill		0.101		06/25/15		35,962,308
			TOTAL TREASURY DEBT						384,475,767
			TOTAL SHORT-TERM INVESTMENTS						484,162,408
			(Cost $484,147,536)
			TOTAL INVESTMENTS - 113.4%						2,838,414,439
			(Cost $2,785,748,417)
			OTHER ASSETS & LIABILITIES, NET - (13.4)%						(335,708,573	)
			NET ASSETS - 100.0%					$	2,502,705,866

	Abbreviation(s):
REIT	Real Estate Investment Trust

28

TIAA-CREF FUNDS - Bond Fund

d	All or a portion of these securities have been segregated by the custodian to cover collateral requirements on mortgage dollar rolls.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 6/30/2014, the aggregate value of these securities was $409,843,753 or 16.4% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
m	Indicates a security that has been deemed illiquid.

29

TIAA-CREF FUNDS - Bond Index Fund

TIAA-CREF FUNDS
BOND INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2014

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
BONDS - 99.3%
CORPORATE BONDS - 24.6%
AUTOMOBILES & COMPONENTS - 0.1%
$	50,000	BorgWarner, Inc		4.625	%	09/15/20	$	54,537
	500,000	Delphi Corp		5.000		02/15/23		537,500
	100,000	Delphi Corp		4.150		03/15/24		103,834
	500,000	Ford Motor Co		7.450		07/16/31		668,464
	650,000	Ford Motor Co		4.750		01/15/43		657,143
	400,000	Honeywell International, Inc		5.400		03/15/16		433,478
	300,000	Honeywell International, Inc		5.300		03/01/18		340,951
	400,000	Honeywell International, Inc		5.000		02/15/19		454,590
	500,000	Honeywell International, Inc		3.350		12/01/23		509,470
	282,000	Honeywell International, Inc		5.700		03/15/37		343,974
	210,000	Johnson Controls, Inc		5.500		01/15/16		224,655
	150,000	Johnson Controls, Inc		2.600		12/01/16		155,438
	300,000	Johnson Controls, Inc		1.400		11/02/17		299,791
	160,000	Johnson Controls, Inc		4.250		03/01/21		172,580
	300,000	Johnson Controls, Inc		3.625		07/02/24		301,322
	270,000	Johnson Controls, Inc		6.000		01/15/36		323,810
	325,000	Johnson Controls, Inc		4.625		07/02/44		325,257
	100,000	Johnson Controls, Inc		4.950		07/02/64		101,302
	300,000	Magna International, Inc		3.625		06/15/24		302,427
		TOTAL AUTOMOBILES & COMPONENTS						6,310,523
BANKS - 2.8%
	200,000	Australia & New Zealand Banking Group Ltd		0.900		02/12/16		201,044
	500,000	Australia & New Zealand Banking Group Ltd		1.250		01/10/17		503,082
	250,000	Australia & New Zealand Banking Group Ltd		1.875		10/06/17		254,637
	500,000	Australia & New Zealand Banking Group Ltd		1.450		05/15/18		494,230
	500,000	Banco do Brasil S.A.		3.875		01/23/17		519,375
	200,000	Banco do Brasil S.A.		3.875		10/10/22		188,000
	100,000	Bancolombia S.A.		4.250		01/12/16		104,375
	200,000	Bancolombia S.A.		5.950		06/03/21		220,500
	500,000	Bank of ,NV Scotia		2.050		06/05/19		497,911
	400,000	Bank of Montreal		0.800		11/06/15		402,173
	500,000	Bank of Montreal		1.300		07/15/16		505,465
	450,000	Bank of Montreal		2.500		01/11/17		468,126
	200,000	Bank of Montreal		1.400		09/11/17		200,550
	400,000	Bank of Montreal		1.450		04/09/18		396,366
	300,000	Bank of Montreal		2.375		01/25/19		304,886
	400,000	Bank of Montreal		2.550		11/06/22		387,198
	100,000	Bank of Nova Scotia		2.050		10/07/15		101,944
	200,000	Bank of Nova Scotia		0.750		10/09/15		200,621
	500,000	Bank of Nova Scotia		2.900		03/29/16		519,853
	750,000	Bank of Nova Scotia		1.375		07/15/16		758,565

30

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	300,000		Bank of Nova Scotia		1.100	%	12/13/16	$	300,909
	150,000		Bank of Nova Scotia		2.550		01/12/17		155,662
	500,000		Bank of Nova Scotia		1.250		04/11/17		502,155
	400,000		Bank of Nova Scotia		1.375		12/18/17		399,104
	350,000		Bank of Nova Scotia		1.450		04/25/18		347,553
	500,000		Bank of Nova Scotia		2.050		10/30/18		502,274
	200,000		Bank of Nova Scotia		4.375		01/13/21		221,744
	1,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		1.200		03/10/17		998,919
	500,000		BB&T Corp		5.200		12/23/15		531,626
	100,000		BB&T Corp		3.200		03/15/16		104,001
	200,000		BB&T Corp		2.150		03/22/17		204,697
	70,000		BB&T Corp		4.900		06/30/17		76,439
	150,000		BB&T Corp		1.600		08/15/17		151,371
	200,000		BB&T Corp		2.050		06/19/18		202,201
	500,000		BB&T Corp		2.250		02/01/19		506,223
	400,000		BB&T Corp		6.850		04/30/19		485,964
	200,000		BB&T Corp		3.950		03/22/22		211,951
	500,000		BBVA US Senior SAU		4.664		10/09/15		522,756
	300,000		BPCE S.A.		1.700		04/25/16		302,760
	500,000		BPCE S.A.		1.625		02/10/17		503,680
	250,000		BPCE S.A.		2.500		12/10/18		253,416
	500,000		BPCE S.A.		4.000		04/15/24		510,425
	200,000		Branch Banking & Trust Co		1.450		10/03/16		202,170
	300,000		Branch Banking & Trust Co		1.050		12/01/16		300,728
	200,000		Branch Banking & Trust Co		1.000		04/03/17		199,234
	300,000		Branch Banking & Trust Co		2.850		04/01/21		303,324
	400,000		Canadian Imperial Bank of Commerce		0.900		10/01/15		401,964
	425,000		Canadian Imperial Bank of Commerce		2.350		12/11/15		436,625
	300,000		Canadian Imperial Bank of Commerce		1.550		01/23/18		299,976
	125,000		Capital One Bank USA NA		1.150		11/21/16		125,491
	300,000		Capital One Bank USA NA		1.200		02/13/17		299,987
	250,000		Capital One Bank USA NA		1.500		03/22/18		247,669
	400,000		Capital One Bank USA NA		2.150		11/21/18		402,302
	300,000		Capital One Bank USA NA		2.250		02/13/19		301,904
	300,000		Capital One Bank USA NA		2.300		06/05/19		301,301
	972,000		Capital One Bank USA NA		3.375		02/15/23		965,434
	800,000		Citigroup, Inc		4.950		11/07/43		854,239
	500,000		Citigroup, Inc		1.250		01/15/16		503,011
	500,000		Citigroup, Inc		1.300		04/01/16		502,985
	1,750,000		Citigroup, Inc		3.953		06/15/16		1,846,383
	1,000,000		Citigroup, Inc		1.700		07/25/16		1,013,144
	500,000		Citigroup, Inc		1.300		11/15/16		500,645
	200,000		Citigroup, Inc		4.450		01/10/17		215,402
	500,000		Citigroup, Inc		1.350		03/10/17		499,714
	11,000		Citigroup, Inc		6.000		08/15/17		12,451
	915,000		Citigroup, Inc		6.125		11/21/17		1,046,529
	750,000		Citigroup, Inc		1.750		05/01/18		745,040
	407,000		Citigroup, Inc		6.125		05/15/18		468,913
	300,000		Citigroup, Inc		2.500		09/26/18		304,890
	500,000		Citigroup, Inc		2.550		04/08/19		503,910
	2,810,000		Citigroup, Inc		5.375		08/09/20		3,220,091
	2,700,000		Citigroup, Inc		4.500		01/14/22		2,934,905

31

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,675,000		Citigroup, Inc		4.050	%	07/30/22	$	1,716,031
	870,000		Citigroup, Inc		3.375		03/01/23		866,671
	600,000		Citigroup, Inc		3.500		05/15/23		584,068
	1,000,000		Citigroup, Inc		3.875		10/25/23		1,024,260
	750,000		Citigroup, Inc		3.750		06/16/24		752,094
	400,000		Citigroup, Inc		5.500		09/13/25		446,188
	200,000		Citigroup, Inc		5.875		01/30/42		239,265
	225,000		Citigroup, Inc		6.675		09/13/43		280,106
	375,000		Citigroup, Inc		5.300		05/06/44		391,143
	250,000		Comerica Bank		5.750		11/21/16		277,398
	50,000		Comerica Bank		5.200		08/22/17		55,465
	300,000		Comerica, Inc		2.125		05/23/19		299,720
	400,000		Commonwealth Bank of Australia		1.950		03/16/15		404,508
	250,000		Commonwealth Bank of Australia		1.250		09/18/15		252,521
	750,000		Commonwealth Bank of Australia		1.125		03/13/17		749,879
	250,000		Commonwealth Bank of Australia		1.900		09/18/17		255,001
	750,000		Commonwealth Bank of Australia		2.250		03/13/19		756,503
	400,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.375		01/19/17		423,583
	275,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		1.700		03/19/18		275,890
	500,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		2.250		01/14/19		506,364
	1,500,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.875		02/08/22		1,588,960
	375,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.950		11/09/22		381,235
	425,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		4.625		12/01/23		449,202
	400,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		5.750		12/01/43		460,940
	200,000		Corpbanca S.A.		3.125		01/15/18		199,478
	900,000		Deutsche Bank AG		3.450		03/30/15		920,186
	400,000		Deutsche Bank AG		1.400		02/13/17		402,033
	1,750,000		Deutsche Bank AG		2.500		02/13/19		1,784,074
	500,000	i	Deutsche Bank AG		4.296		05/24/28		490,060
	500,000		Deutsche Bank AG.		3.700		05/30/24		500,152
	400,000		Discover Bank		2.000		02/21/18		402,383
	215,000		Discover Bank		7.000		04/15/20		258,250
	400,000		Discover Bank		4.200		08/08/23		422,090
	200,000		Discover Bank		4.250		03/13/26		207,734
	250,000		Fifth Third Bancorp		4.750		02/01/15		256,061
	450,000		Fifth Third Bancorp		3.625		01/25/16		469,792
	500,000		Fifth Third Bancorp		1.150		11/18/16		501,617
	300,000		Fifth Third Bancorp		1.350		06/01/17		300,649
	500,000		Fifth Third Bancorp		1.450		02/28/18		498,321
	300,000		Fifth Third Bancorp		2.300		03/01/19		301,564
	375,000		Fifth Third Bancorp		2.375		04/25/19		379,870
	200,000		Fifth Third Bancorp		3.500		03/15/22		206,402
	500,000		Fifth Third Bancorp		4.300		01/16/24		521,069
	140,000		Fifth Third Bancorp		8.250		03/01/38		206,033
	100,000		First Horizon National Corp		5.375		12/15/15		105,786
	200,000		First Niagara Financial Group, Inc		7.250		12/15/21		230,165
	250,000		First Republic Bank		2.375		06/17/19		251,440
	100,000		FirstMerit Corp		4.350		02/04/23		104,173
	750,000		HSBC Bank USA NA		4.875		08/24/20		835,910
	266,000		HSBC Bank USA NA		5.875		11/01/34		320,161
	33,000		HSBC Bank USA NA		7.000		01/15/39		44,817
	150,000		HSBC Holdings plc		4.875		01/14/22		168,336

32

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,350,000		HSBC Holdings plc		4.250	%	03/14/24	$	1,389,320
	2,325,000		HSBC Holdings plc		6.500		09/15/37		2,866,853
	550,000		HSBC Holdings plc		6.100		01/14/42		693,241
	275,000		HSBC Holdings plc		5.250		03/14/44		294,470
	300,000		HSBC USA, Inc		1.300		06/23/17		300,685
	1,000,000		HSBC USA, Inc		1.625		01/16/18		1,002,239
	750,000		HSBC USA, Inc		2.625		09/24/18		773,377
	500,000		HSBC USA, Inc		2.250		06/23/19		501,648
	500,000		HSBC USA, Inc		3.500		06/23/24		501,419
	200,000		Huntington Bancshares, Inc		2.600		08/02/18		203,391
	250,000		Huntington National Bank		1.350		08/02/16		251,756
	200,000		Huntington National Bank		1.300		11/20/16		200,870
	300,000		Huntington National Bank		2.200		04/01/19		300,397
	1,500,000		Inter-American Development Bank		1.000		07/14/17		1,501,623
	300,000		Intesa Sanpaolo S.p.A		3.125		01/15/16		308,371
	200,000		Intesa Sanpaolo S.p.A		2.375		01/13/17		203,020
	625,000		Intesa Sanpaolo S.p.A		3.875		01/16/18		658,711
	500,000		Intesa Sanpaolo S.p.A		3.875		01/15/19		524,362
	200,000		Intesa Sanpaolo S.p.A		5.250		01/12/24		218,710
	500,000		JPMorgan Chase & Co		0.800		04/23/15		500,087
	1,610,000		JPMorgan Chase & Co		3.400		06/24/15		1,656,510
	700,000		JPMorgan Chase & Co		5.150		10/01/15		737,080
	500,000		JPMorgan Chase & Co		1.100		10/15/15		502,078
	1,000,000		JPMorgan Chase & Co		1.125		02/26/16		1,004,704
	1,250,000		JPMorgan Chase & Co		3.450		03/01/16		1,304,400
	300,000		JPMorgan Chase & Co		3.150		07/05/16		312,705
	1,000,000		JPMorgan Chase & Co		1.350		02/15/17		1,003,552
	850,000		JPMorgan Chase & Co		2.000		08/15/17		864,410
	335,000		JPMorgan Chase & Co		6.000		01/15/18		383,615
	400,000		JPMorgan Chase & Co		1.800		01/25/18		401,933
	500,000		JPMorgan Chase & Co		1.625		05/15/18		498,046
	1,000,000		JPMorgan Chase & Co		2.350		01/28/19		1,011,704
	180,000		JPMorgan Chase & Co		4.950		03/25/20		202,689
	700,000		JPMorgan Chase & Co		4.400		07/22/20		764,845
	1,820,000		JPMorgan Chase & Co		4.250		10/15/20		1,974,396
	750,000		JPMorgan Chase & Co		4.625		05/10/21		826,691
	1,950,000		JPMorgan Chase & Co		4.350		08/15/21		2,111,534
	1,000,000		JPMorgan Chase & Co		4.500		01/24/22		1,095,739
	3,150,000		JPMorgan Chase & Co		3.250		09/23/22		3,164,380
	600,000		JPMorgan Chase & Co		3.200		01/25/23		595,725
	750,000		JPMorgan Chase & Co		3.375		05/01/23		736,139
	1,000,000		JPMorgan Chase & Co		3.875		02/01/24		1,029,778
	1,000,000		JPMorgan Chase & Co		3.625		05/13/24		1,004,009
	958,000		JPMorgan Chase & Co		5.500		10/15/40		1,103,143
	1,000,000		JPMorgan Chase & Co		5.625		08/16/43		1,130,382
	750,000	i	JPMorgan Chase & Co		6.000		12/30/49		765,000
	50,000		KeyBank NA		5.800		07/01/14		50,000
	300,000		KeyBank NA		1.100		11/25/16		301,134
	500,000		KeyBank NA		1.650		02/01/18		500,431
	600,000		KeyCorp		3.750		08/13/15		620,679
	400,000		KeyCorp		2.300		12/13/18		404,662
	150,000		KeyCorp		5.100		03/24/21		169,966

33

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	700,000		Lloyds Bank plc		4.200	%	03/28/17	$	757,133
	500,000		Lloyds Bank plc		2.300		11/27/18		507,658
	300,000		Manufacturers & Traders Trust Co		1.250		01/30/17		300,994
	200,000		Manufacturers & Traders Trust Co		1.450		03/07/18		198,507
	300,000		Manufacturers & Traders Trust Co		2.300		01/30/19		303,525
	280,000	i	Manufacturers & Traders Trust Co		5.629		12/01/21		291,200
	250,000		National Australia Bank Ltd		2.000		03/09/15		252,880
	250,000		National Australia Bank Ltd		1.600		08/07/15		253,172
	400,000		National Australia Bank Ltd		0.900		01/20/16		402,378
	300,000		National Australia Bank Ltd		1.300		07/25/16		302,790
	250,000		National Australia Bank Ltd		2.750		03/09/17		260,662
	500,000	g	National Australia Bank Ltd		1.300		06/30/17		500,523
	300,000		National Australia Bank Ltd		2.300		07/25/18		305,618
	500,000	g	National Australia Bank Ltd		2.250		07/01/19		500,588
	200,000		National Australia Bank Ltd		3.000		01/20/23		195,327
	250,000		National Bank of Canada		1.500		06/26/15		252,854
	500,000		National Bank of Canada		1.450		11/07/17		498,997
	350,000		Northern Trust Corp		2.375		08/02/22		336,207
	500,000		Northern Trust Corp		3.950		10/30/25		519,634
	300,000		People’s United Bank		4.000		07/15/24		301,569
	100,000		People’s United Financial, Inc		3.650		12/06/22		100,240
	200,000		PNC Bank NA		0.800		01/28/16		200,579
	300,000		PNC Bank NA		1.300		10/03/16		302,848
	400,000		PNC Bank NA		1.125		01/27/17		401,111
	150,000		PNC Bank NA		2.200		01/28/19		151,478
	800,000		PNC Bank NA		2.250		07/02/19		804,270
	750,000		PNC Bank NA		2.700		11/01/22		722,970
	500,000		PNC Bank NA		2.950		01/30/23		489,359
	500,000		PNC Bank NA		3.800		07/25/23		517,871
	150,000	i	PNC Financial Services Group, Inc		2.854		11/09/22		146,428
	300,000		PNC Financial Services Group, Inc		3.900		04/29/24		305,699
	700,000		PNC Funding Corp		2.700		09/19/16		726,914
	645,000		PNC Funding Corp		5.125		02/08/20		736,765
	50,000		PNC Funding Corp		4.375		08/11/20		54,569
	400,000		PNC Funding Corp		3.300		03/08/22		407,924
	740,000		Rabobank Nederland NV		2.125		10/13/15		756,405
	500,000		Rabobank Nederland NV		4.500		01/11/21		549,846
	350,000		Rabobank Nederland NV		5.250		05/24/41		390,119
	71,000		Regions Financial Corp		7.750		11/10/14		72,774
	350,000		Regions Financial Corp		2.000		05/15/18		348,768
	500,000		Royal Bank of Canada		1.150		03/13/15		503,026
	500,000		Royal Bank of Canada		0.800		10/30/15		501,801
	200,000		Royal Bank of Canada		0.625		12/04/15		200,398
	335,000		Royal Bank of Canada		2.625		12/15/15		345,634
	300,000		Royal Bank of Canada		0.850		03/08/16		301,620
	750,000		Royal Bank of Canada		1.125		07/22/16		755,965
	700,000		Royal Bank of Canada		1.450		09/09/16		709,161
	1,000,000		Royal Bank of Canada		1.200		01/23/17		1,006,003
	500,000		Royal Bank of Canada		1.200		09/19/17		498,719
	500,000		Royal Bank of Canada		2.200		07/27/18		510,586
	500,000		Royal Bank of Canada		2.000		10/01/18		506,610
	600,000		Royal Bank of Canada		2.150		03/15/19		604,829

34

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,650,000		Royal Bank of Scotland Group plc		2.550	%	09/18/15	$	1,684,030
	500,000		Royal Bank of Scotland Group plc		1.875		03/31/17		504,455
	250,000		Royal Bank of Scotland Group plc		6.400		10/21/19		294,368
	750,000		Royal Bank of Scotland Group plc		6.125		01/11/21		882,263
	150,000		Santander Holdings USA, Inc		3.000		09/24/15		154,070
	200,000		Santander Holdings USA, Inc		3.450		08/27/18		211,941
	250,000		Societe Generale S.A.		2.750		10/12/17		259,086
	400,000		Societe Generale S.A.		2.625		10/01/18		407,924
	250,000		Sovereign Bank		8.750		05/30/18		304,321
	300,000		Sumitomo Mitsui Banking Corp		0.900		01/18/16		300,382
	250,000		Sumitomo Mitsui Banking Corp		1.450		07/19/16		252,557
	300,000		Sumitomo Mitsui Banking Corp		1.300		01/10/17		300,508
	250,000		Sumitomo Mitsui Banking Corp		1.800		07/18/17		253,704
	300,000		Sumitomo Mitsui Banking Corp		1.500		01/18/18		297,731
	250,000		Sumitomo Mitsui Banking Corp		2.500		07/19/18		255,623
	300,000		Sumitomo Mitsui Banking Corp		2.450		01/10/19		306,785
	250,000		Sumitomo Mitsui Banking Corp		3.200		07/18/22		251,127
	300,000		Sumitomo Mitsui Banking Corp		3.000		01/18/23		294,091
	300,000		Sumitomo Mitsui Banking Corp		3.950		01/10/24		314,213
	500,000		SunTrust Bank		1.350		02/15/17		502,162
	300,000		SunTrust Bank		7.250		03/15/18		355,226
	225,000		SunTrust Bank		2.750		05/01/23		215,985
	100,000		SunTrust Banks, Inc		3.600		04/15/16		104,837
	150,000		SunTrust Banks, Inc		3.500		01/20/17		158,817
	100,000		SunTrust Banks, Inc		6.000		09/11/17		113,250
	200,000		SunTrust Banks, Inc		2.350		11/01/18		202,557
	50,000		SVB Financial Group		5.375		09/15/20		56,584
	200,000		Svenska Handelsbanken AB		3.125		07/12/16		209,451
	300,000		Svenska Handelsbanken AB		2.875		04/04/17		313,883
	500,000		Svenska Handelsbanken AB		1.625		03/21/18		498,835
	300,000		Svenska Handelsbanken AB		2.500		01/25/19		306,836
	500,000		Svenska Handelsbanken AB		2.250		06/17/19		502,688
	300,000		Toronto-Dominion Bank		2.500		07/14/16		310,703
	300,000		Toronto-Dominion Bank		1.500		09/09/16		304,491
	650,000		Toronto-Dominion Bank		2.375		10/19/16		672,734
	500,000		Toronto-Dominion Bank		1.125		05/02/17		500,046
	400,000		Toronto-Dominion Bank		1.400		04/30/18		396,673
	600,000		Toronto-Dominion Bank		2.625		09/10/18		619,498
	500,000		Toronto-Dominion Bank		2.125		07/02/19		499,764
	250,000		Union Bank NA		1.500		09/26/16		253,468
	250,000		Union Bank NA		2.625		09/26/18		257,101
	200,000		Union Bank NA		2.250		05/06/19		200,812
	315,000		Union Bank of California NA		5.950		05/11/16		344,096
	225,000		UnionBanCal Corp		3.500		06/18/22		232,008
	300,000		US Bancorp		2.200		11/15/16		309,384
	940,000		US Bancorp		1.650		05/15/17		954,351
	1,000,000		US Bancorp		1.950		11/15/18		1,006,584
	500,000		US Bancorp		2.200		04/25/19		504,600
	200,000		US Bancorp		2.950		07/15/22		196,955
	375,000		US Bancorp		3.700		01/30/24		388,341
	500,000		US Bank NA		1.100		01/30/17		501,885
	250,000	i	US Bank NA		3.778		04/29/20		255,882

35

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	150,000	Westlake Chemical Corp		3.600	%	07/15/22	$	150,040
	1,455,000	Westpac Banking Corp		3.000		08/04/15		1,495,021
	500,000	Westpac Banking Corp		1.125		09/25/15		503,924
	150,000	Westpac Banking Corp		3.000		12/09/15		155,312
	300,000	Westpac Banking Corp		1.050		11/25/16		300,750
	500,000	Westpac Banking Corp		1.200		05/19/17		500,400
	400,000	Westpac Banking Corp		2.000		08/14/17		408,708
	750,000	Westpac Banking Corp		1.600		01/12/18		750,896
	500,000	Westpac Banking Corp		2.250		07/30/18		509,406
	500,000	Westpac Banking Corp		2.250		01/17/19		506,059
	75,000	Westpac Banking Corp		4.875		11/19/19		84,478
		TOTAL BANKS						148,355,467
CAPITAL GOODS - 0.8%
	250,000	Agilent Technologies, Inc		6.500		11/01/17		285,847
	100,000	Agilent Technologies, Inc		5.000		07/15/20		109,752
	100,000	Agilent Technologies, Inc		3.200		10/01/22		97,053
	400,000	Agilent Technologies, Inc		3.875		07/15/23		405,337
	200,000	Applied Materials, Inc		4.300		06/15/21		217,579
	100,000	Applied Materials, Inc		5.850		06/15/41		116,878
	200,000	Arrow Electronics, Inc		3.000		03/01/18		206,780
	200,000	Arrow Electronics, Inc		5.125		03/01/21		217,961
	225,000	Avnet, Inc		6.625		09/15/16		249,242
	300,000	Avnet, Inc		4.875		12/01/22		319,332
	100,000	Carlisle Cos, Inc		5.125		12/15/20		109,556
	100,000	Carlisle Cos, Inc		3.750		11/15/22		99,883
	250,000	Caterpillar Financial Services Corp		2.050		08/01/16		256,861
	300,000	Caterpillar Financial Services Corp		1.750		03/24/17		305,450
	500,000	Caterpillar Financial Services Corp		5.850		09/01/17		569,029
	500,000	Caterpillar Financial Services Corp		1.250		11/06/17		497,856
	200,000	Caterpillar Financial Services Corp		5.450		04/15/18		228,018
	200,000	Caterpillar Financial Services Corp		2.450		09/06/18		205,698
	1,361,000	Caterpillar Financial Services Corp		7.150		02/15/19		1,675,554
	300,000	Caterpillar Financial Services Corp		2.100		06/09/19		300,769
	700,000	Caterpillar Financial Services Corp		3.750		11/24/23		729,498
	400,000	Caterpillar Financial Services Corp		3.300		06/09/24		399,792
	50,000	Caterpillar, Inc		5.700		08/15/16		55,111
	150,000	Caterpillar, Inc		1.500		06/26/17		151,703
	200,000	Caterpillar, Inc		3.900		05/27/21		216,288
	200,000	Caterpillar, Inc		3.400		05/15/24		202,277
	738,000	Caterpillar, Inc		3.803		08/15/42		684,178
	300,000	Caterpillar, Inc		4.300		05/15/44		300,745
	100,000	Crane Co		2.750		12/15/18		102,279
	150,000	CRH America, Inc		4.125		01/15/16		157,258
	350,000	CRH America, Inc		6.000		09/30/16		388,329
	300,000	CRH America, Inc		5.750		01/15/21		347,726
	200,000	Cummins, Inc		3.650		10/01/23		207,524
	200,000	Cummins, Inc		4.875		10/01/43		219,219
	450,000	Danaher Corp		5.625		01/15/18		512,864
	200,000	Danaher Corp		3.900		06/23/21		214,831
	150,000	Deere & Co		2.600		06/08/22		146,664
	218,000	Deere & Co		5.375		10/16/29		260,299

36

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	650,000	Deere & Co		3.900	%	06/09/42	$	618,638
	200,000	Dover Corp		4.875		10/15/15		210,951
	150,000	Dover Corp		5.450		03/15/18		169,295
	100,000	Dover Corp		5.375		03/01/41		116,430
	600,000	Eaton Corp		1.500		11/02/17		600,743
	200,000	Eaton Corp		5.600		05/15/18		228,202
	1,075,000	Eaton Corp		2.750		11/02/22		1,040,916
	150,000	Eaton Corp		4.000		11/02/32		150,096
	250,000	Eaton Corp		4.150		11/02/42		241,901
	200,000	Emerson Electric Co		5.250		11/15/39		230,864
	300,000	Emerson Electric Co		5.250		10/15/18		342,705
	400,000	Emerson Electric Co		4.875		10/15/19		455,043
	350,000	Emerson Electric Co		2.625		02/15/23		341,238
	100,000	Energizer Holdings, Inc		4.700		05/19/21		102,980
	100,000	Energizer Holdings, Inc		4.700		05/24/22		102,676
	150,000	Flowserve Corp		3.500		09/15/22		148,140
	200,000	Flowserve Corp		4.000		11/15/23		203,582
	100,000	FMC Technologies, Inc		2.000		10/01/17		101,286
	100,000	FMC Technologies, Inc		3.450		10/01/22		99,033
	300,000	General Dynamics Corp		2.250		07/15/16		309,233
	600,000	General Dynamics Corp		2.250		11/15/22		566,869
	225,000	General Dynamics Corp		3.600		11/15/42		206,240
	100,000	IDEX Corp		4.500		12/15/20		105,318
	200,000	IDEX Corp		4.200		12/15/21		207,478
	300,000	Illinois Tool Works, Inc		0.900		02/25/17		299,714
	300,000	Illinois Tool Works, Inc		1.950		03/01/19		300,334
	100,000	Illinois Tool Works, Inc		6.250		04/01/19		118,979
	400,000	Illinois Tool Works, Inc		3.500		03/01/24		409,977
	200,000	Illinois Tool Works, Inc		4.875		09/15/41		215,821
	500,000	Illinois Tool Works, Inc		3.900		09/01/42		471,422
	170,000	Ingersoll-Rand Global Holding Co Ltd		6.875		08/15/18		202,538
	250,000	Ingersoll-Rand Global Holding Co Ltd		2.875		01/15/19		256,270
	300,000	Ingersoll-Rand Global Holding Co Ltd		4.250		06/15/23		315,600
	200,000	Ingersoll-Rand Global Holding Co Ltd		5.750		06/15/43		233,043
	125,000	John Deere Capital Corp		0.875		04/17/15		125,597
	500,000	John Deere Capital Corp		0.750		01/22/16		502,171
	100,000	John Deere Capital Corp		1.050		12/15/16		100,364
	100,000	John Deere Capital Corp		2.000		01/13/17		102,638
	800,000	John Deere Capital Corp		5.500		04/13/17		895,988
	300,000	John Deere Capital Corp		1.125		06/12/17		300,636
	250,000	John Deere Capital Corp		1.200		10/10/17		249,189
	500,000	John Deere Capital Corp		1.300		03/12/18		494,821
	200,000	John Deere Capital Corp		1.950		12/13/18		200,551
	350,000	John Deere Capital Corp		1.700		01/15/20		339,770
	400,000	John Deere Capital Corp		2.800		03/04/21		404,224
	200,000	John Deere Capital Corp		3.150		10/15/21		205,099
	200,000	John Deere Capital Corp		2.800		01/27/23		197,055
	300,000	John Deere Capital Corp		3.350		06/12/24		301,993
	100,000	Joy Global, Inc		5.125		10/15/21		109,046
	200,000	Kennametal, Inc		2.650		11/01/19		199,703
	150,000	Kennametal, Inc		3.875		02/15/22		150,182
	100,000	KLA-Tencor Corp		6.900		05/01/18		117,656

37

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	100,000		Legrand France S.A.		8.500	%	02/15/25	$	138,969
	400,000		Lockheed Martin Corp		7.650		05/01/16		451,066
	200,000		Lockheed Martin Corp		3.350		09/15/21		207,705
	350,000		Lockheed Martin Corp		4.850		09/15/41		384,565
	608,000		Lockheed Martin Corp		4.070		12/15/42		586,156
	300,000		Mosaic Co		4.250		11/15/23		316,697
	300,000		Mosaic Co		5.450		11/15/33		336,161
	100,000		Mosaic Co		4.875		11/15/41		102,057
	300,000		Mosaic Co		5.625		11/15/43		341,856
	250,000		Parker Hannifin Corp		3.500		09/15/22		256,345
	275,000		Pentair Finance S.A.		1.350		12/01/15		277,130
	225,000		Pentair Finance S.A.		2.650		12/01/19		225,453
	100,000		Pentair Finance S.A.		3.150		09/15/22		97,758
	500,000		Precision Castparts Corp		1.250		01/15/18		496,570
	275,000		Precision Castparts Corp		2.500		01/15/23		263,389
	100,000		Precision Castparts Corp		3.900		01/15/43		96,169
	50,000		Raytheon Co		4.400		02/15/20		54,377
	450,000		Raytheon Co		3.125		10/15/20		465,469
	500,000		Raytheon Co		2.500		12/15/22		480,153
	200,000		Raytheon Co		7.200		08/15/27		262,023
	100,000		Raytheon Co		4.700		12/15/41		107,847
	300,000		Reliance Steel & Aluminum Co		4.500		04/15/23		306,048
	100,000		Rockwell Automation, Inc		6.250		12/01/37		127,470
	100,000		Rockwell Collins, Inc		3.100		11/15/21		100,534
	125,000		Rockwell Collins, Inc		3.700		12/15/23		129,585
	125,000		Rockwell Collins, Inc		4.800		12/15/43		135,952
	200,000		Roper Industries, Inc		1.850		11/15/17		201,665
	125,000		Roper Industries, Inc		2.050		10/01/18		125,203
	100,000		Roper Industries, Inc		6.250		09/01/19		117,212
	200,000		Roper Industries, Inc		3.125		11/15/22		195,363
	750,000	g	Seagate HDD Cayman		4.750		01/01/25		744,375
	100,000		Snap-on, Inc		4.250		01/15/18		107,468
	250,000		Stanley Black & Decker, Inc		3.400		12/01/21		257,445
	600,000		Stanley Black & Decker, Inc		2.900		11/01/22		586,228
	100,000		Stanley Black & Decker, Inc		5.200		09/01/40		111,192
	250,000		Textron, Inc		5.600		12/01/17		281,094
	500,000		Textron, Inc		3.650		03/01/21		515,547
	200,000		Tupperware Brands Corp		4.750		06/01/21		215,895
	21,000		Tyco International Finance S.A.		3.375		10/15/15		21,615
	83,000		Tyco International Finance S.A.		8.500		01/15/19		102,384
	500,000		United Technologies Corp		4.875		05/01/15		519,129
	250,000		United Technologies Corp		1.800		06/01/17		255,350
	1,400,000		United Technologies Corp		5.375		12/15/17		1,589,743
	490,000		United Technologies Corp		4.500		04/15/20		547,803
	825,000		United Technologies Corp		3.100		06/01/22		835,642
	280,000		United Technologies Corp		5.400		05/01/35		333,497
	280,000		United Technologies Corp		6.050		06/01/36		355,603
	145,000		United Technologies Corp		5.700		04/15/40		178,000
	1,350,000		United Technologies Corp		4.500		06/01/42		1,413,941
	100,000		Valmont Industries, Inc		6.625		04/20/20		118,830
	100,000		Xylem, Inc		3.550		09/20/16		105,351
	300,000		Xylem, Inc		4.875		10/01/21		326,259
			TOTAL CAPITAL GOODS						43,400,596

38

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
COMMERCIAL & PROFESSIONAL SERVICES - 0.3%
$	200,000	21st Century Fox America, Inc		4.000	%	10/01/23	$	208,458
	225,000	21st Century Fox America, Inc		5.400		10/01/43		251,047
	600,000	Air Lease Corp		3.375		01/15/19		617,250
	200,000	Air Lease Corp		3.875		04/01/21		204,000
	500,000	Daimler Finance North America LLC		8.500		01/18/31		758,440
	300,000	eBay, Inc		0.700		07/15/15		301,184
	300,000	eBay, Inc		1.350		07/15/17		301,411
	200,000	eBay, Inc		3.250		10/15/20		207,109
	400,000	eBay, Inc		2.600		07/15/22		383,224
	200,000	eBay, Inc		4.000		07/15/42		178,747
	150,000	Equifax, Inc		6.300		07/01/17		169,772
	200,000	Equifax, Inc		3.300		12/15/22		195,859
	700,000	European Investment Bank		1.000		08/17/17		700,367
	500,000	Howard Hughes Medical Institute		3.500		09/01/23		514,782
	200,000	Leidos Holdings, Inc		5.950		12/01/40		201,049
	400,000	MasterCard, Inc		2.000		04/01/19		401,628
	500,000	MasterCard, Inc		3.375		04/01/24		507,426
	200,000	McGraw-Hill Cos, Inc		5.900		11/15/17		221,941
	300,000	Moody’s Corp		4.500		09/01/22		314,524
	400,000	Moody’s Corp		4.875		02/15/24		428,159
	329,000	Reed Elsevier Capital, Inc		3.125		10/15/22		324,470
	63,000	Republic Services, Inc		5.500		09/15/19		72,298
	265,000	Republic Services, Inc		5.000		03/01/20		296,808
	580,000	Republic Services, Inc		5.250		11/15/21		660,888
	250,000	Republic Services, Inc		3.550		06/01/22		258,438
	30,000	Republic Services, Inc		6.200		03/01/40		37,291
	300,000	Republic Services, Inc		5.700		05/15/41		354,484
	150,000	SAIC, Inc		4.450		12/01/20		153,331
	100,000	Svensk Exportkredit AB		3.250		09/16/14		100,610
	1,000,000	Svensk Exportkredit AB		1.750		05/30/17		1,021,458
	500,000	Svensk Exportkredit AB		1.875		06/17/19		501,586
	300,000	Thomson Reuters Corp		0.875		05/23/16		299,878
	200,000	Thomson Reuters Corp		1.300		02/23/17		200,250
	345,000	Thomson Reuters Corp		6.500		07/15/18		404,181
	100,000	Thomson Reuters Corp		4.300		11/23/23		104,832
	145,000	Thomson Reuters Corp		5.850		04/15/40		162,065
	400,000	Thomson Reuters Corp		4.500		05/23/43		380,150
	200,000	Thomson Reuters Corp		5.650		11/23/43		220,566
	200,000	URS Corp		5.000		04/01/22		203,800
	25,000	Vanderbilt University		5.250		04/01/19		28,692
	310,000	Waste Management, Inc		4.600		03/01/21		342,969
	850,000	Waste Management, Inc		2.900		09/15/22		832,555
	1,000,000	Waste Management, Inc		3.500		05/15/24		1,006,008
	255,000	Waste Management, Inc		6.125		11/30/39		319,612
		TOTAL COMMERCIAL & PROFESSIONAL SERVICES						15,353,597
CONSUMER DURABLES & APPAREL - 0.1%
	200,000	Hasbro, Inc		3.150		05/15/21		201,071
	100,000	Hasbro, Inc		6.350		03/15/40		119,734

39

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	200,000	Hasbro, Inc		5.100	%	05/15/44	$	206,506
	200,000	Leggett & Platt, Inc		3.400		08/15/22		198,648
	150,000	Mattel, Inc		1.700		03/15/18		149,359
	200,000	Mattel, Inc		2.350		05/06/19		200,913
	100,000	Mattel, Inc		4.350		10/01/20		107,283
	150,000	Mattel, Inc		3.150		03/15/23		146,461
	100,000	Mattel, Inc		5.450		11/01/41		108,473
	200,000	MDC Holdings, Inc		5.500		01/15/24		207,888
	100,000	MDC Holdings, Inc		6.000		01/15/43		94,600
	100,000	Mohawk Industries, Inc		3.850		02/01/23		99,625
	100,000	Newell Rubbermaid, Inc		4.700		08/15/20		108,362
	200,000	Newell Rubbermaid, Inc		4.000		06/15/22		207,853
	300,000	NIKE, Inc		2.250		05/01/23		282,971
	300,000	NIKE, Inc		3.625		05/01/43		276,988
	150,000	NVR, Inc		3.950		09/15/22		151,161
	200,000	Ralph Lauren Corp		2.125		09/26/18		202,185
	200,000	Signet UK Finance plc		4.700		06/15/24		203,226
	220,000	VF Corp		6.450		11/01/37		280,443
	100,000	Whirlpool Corp		2.400		03/01/19		100,637
	150,000	Whirlpool Corp		4.700		06/01/22		162,599
	100,000	Whirlpool Corp		3.700		03/01/23		100,987
	100,000	Whirlpool Corp		4.000		03/01/24		102,324
	100,000	Whirlpool Corp		5.150		03/01/43		106,389
		TOTAL CONSUMER DURABLES & APPAREL						4,126,686
CONSUMER SERVICES - 0.3%
	100,000	Board of Trustees of The Leland Stanford Junior University		4.750		05/01/19		112,553
	200,000	Brinker International, Inc		3.875		05/15/23		193,838
	200,000	Catholic Health Initiatives		2.600		08/01/18		201,081
	500,000	Catholic Health Initiatives		2.950		11/01/22		480,759
	200,000	Catholic Health Initiatives		4.200		08/01/23		206,616
	100,000	Cintas Corp No 2		4.300		06/01/21		107,848
	200,000	Cintas Corp No 2		3.250		06/01/22		199,084
	475,391	Continental Airlines		4.150		04/11/24		496,783
	100,000	Cornell University		5.450		02/01/19		114,745
	100,000	Darden Restaurants, Inc		6.200		10/15/17		114,441
	200,000	Darden Restaurants, Inc		3.350		11/01/22		196,197
	100,000	Darden Restaurants, Inc		6.800		10/15/37		113,654
	75,000	Dartmouth College		4.750		06/01/19		84,621
	300,000	Dun & Bradstreet Corp		3.250		12/01/17		310,652
	100,000	George Washington University		3.485		09/15/22		99,777
	175,000	GlaxoSmithKline Capital plc		0.750		05/08/15		175,714
	300,000	GlaxoSmithKline Capital plc		1.500		05/08/17		303,425
	300,000	GlaxoSmithKline Capital plc		2.850		05/08/22		296,123
	100,000	Hyatt Hotels Corp		3.875		08/15/16		105,397
	200,000	Hyatt Hotels Corp		3.375		07/15/23		194,955
	75,000	Johns Hopkins University		5.250		07/01/19		85,542
	200,000	Marriott International, Inc		3.000		03/01/19		206,784
	200,000	Marriott International, Inc		3.375		10/15/20		207,363
	200,000	Marriott International, Inc		3.250		09/15/22		197,777
	250,000	Massachusetts Institute of Technology		5.600		07/01/11		313,721
	200,000	Massachusetts Institute of Technology		4.678		07/01/14		213,441

40

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	300,000	McDonald’s Corp		1.875	%	05/29/19	$	301,824
	720,000	McDonald’s Corp		3.500		07/15/20		768,025
	550,000	McDonald’s Corp		2.625		01/15/22		544,756
	500,000	McDonald’s Corp		3.250		06/10/24		501,428
	280,000	McDonald’s Corp		6.300		03/01/38		361,152
	500,000	McDonald’s Corp		3.625		05/01/43		450,654
	750,000	President and Fellows of Harvard College		3.619		10/01/37		713,167
	100,000	Princeton University		4.950		03/01/19		113,503
	220,000	Princeton University		5.700		03/01/39		276,432
	200,000	Starwood Hotels & Resorts Worldwide, Inc		3.125		02/15/23		191,347
	100,000	Trinity Acquisition plc		4.625		08/15/23		103,602
	100,000	Trinity Acquisition plc		6.125		08/15/43		110,893
	350,000	Walt Disney Co		0.875		12/01/14		350,979
	70,000	Walt Disney Co		5.625		09/15/16		77,433
	500,000	Walt Disney Co		0.875		05/30/17		498,190
	700,000	Walt Disney Co		1.100		12/01/17		696,699
	500,000	Walt Disney Co		1.850		05/30/19		497,087
	850,000	Walt Disney Co		2.550		02/15/22		836,305
	100,000	Walt Disney Co		4.375		08/16/41		102,982
	200,000	Walt Disney Co		3.700		12/01/42		184,127
	500,000	Walt Disney Co		4.125		06/01/44		491,981
	2,000	Wyndham Worldwide Corp		6.000		12/01/16		2,220
	250,000	Wyndham Worldwide Corp		2.950		03/01/17		259,669
	150,000	Wyndham Worldwide Corp		2.500		03/01/18		152,290
	200,000	Wyndham Worldwide Corp		4.250		03/01/22		205,556
	200,000	Wyndham Worldwide Corp		3.900		03/01/23		200,911
	200,000	Yale University		2.086		04/15/19		202,061
	72,000	Yum! Brands, Inc		6.250		03/15/18		82,285
	50,000	Yum! Brands, Inc		3.875		11/01/20		52,475
	400,000	Yum! Brands, Inc		3.875		11/01/23		407,953
	26,000	Yum! Brands, Inc		6.875		11/15/37		33,355
	200,000	Yum! Brands, Inc		5.350		11/01/43		219,065
		TOTAL CONSUMER SERVICES						15,323,297
DIVERSIFIED FINANCIALS - 4.3%
	300,000	Abbey National Treasury Services plc		4.000		04/27/16		316,323
	500,000	Abbey National Treasury Services plc		1.375		03/13/17		501,892
	500,000	Abbey National Treasury Services plc		3.050		08/23/18		523,612
	500,000	Abbey National Treasury Services plc		4.000		03/13/24		515,975
	150,000	ABN Amro Bank NV		4.650		06/04/18		157,899
	200,000	Affiliated Managers Group, Inc		4.250		02/15/24		206,925
	250,000	African Development Bank		1.250		09/02/16		253,385
	1,200,000	African Development Bank		1.125		03/15/17		1,208,270
	500,000	African Development Bank		0.875		05/15/17		499,418
	500,000	African Development Bank		1.625		10/02/18		502,975
	20,000	Ahold Finance USA LLC		6.875		05/01/29		25,182
	600,000	American Express Centurion Bank		0.875		11/13/15		602,977
	400,000	American Express Co		6.150		08/28/17		457,703
	190,000	American Express Co		7.000		03/19/18		225,939
	300,000	American Express Co		1.550		05/22/18		299,045
	293,000	American Express Co		2.650		12/02/22		285,719
	329,000	American Express Co		4.050		12/03/42		316,632

41

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	200,000		American Express Credit Corp		1.750	%	06/12/15	$	202,537
	1,750,000		American Express Credit Corp		2.750		09/15/15		1,795,834
	500,000		American Express Credit Corp		1.300		07/29/16		504,159
	1,600,000		American Express Credit Corp		2.800		09/19/16		1,665,958
	400,000		American Express Credit Corp		2.375		03/24/17		413,525
	500,000		American Express Credit Corp		1.125		06/05/17		499,475
	175,000		American Express Credit Corp		2.125		07/27/18		177,810
	750,000		American Express Credit Corp		2.125		03/18/19		753,187
	300,000		American Honda Finance Corp		1.125		10/07/16		301,764
	300,000		American Honda Finance Corp		2.125		10/10/18		304,759
	125,000		Ameriprise Financial, Inc		5.650		11/15/15		133,338
	295,000		Ameriprise Financial, Inc		5.300		03/15/20		337,630
	400,000		Ameriprise Financial, Inc		4.000		10/15/23		421,692
	300,000		Ares Capital Corp		4.875		11/30/18		318,913
	220,000		Bank of America Corp		4.500		04/01/15		226,562
	2,045,000		Bank of America Corp		3.700		09/01/15		2,114,172
	300,000		Bank of America Corp		1.250		01/11/16		302,250
	550,000		Bank of America Corp		3.625		03/17/16		574,476
	1,200,000		Bank of America Corp		6.500		08/01/16		1,330,067
	300,000		Bank of America Corp		1.350		11/21/16		300,882
	585,000		Bank of America Corp		5.300		03/15/17		643,403
	500,000		Bank of America Corp		5.420		03/15/17		550,101
	1,000,000		Bank of America Corp		3.875		03/22/17		1,066,585
	590,000		Bank of America Corp		5.750		12/01/17		665,473
	900,000		Bank of America Corp		2.000		01/11/18		905,808
	2,525,000		Bank of America Corp		2.600		01/15/19		2,554,702
	750,000		Bank of America Corp		2.650		04/01/19		760,200
	2,300,000		Bank of America Corp		5.875		01/05/21		2,690,903
	500,000		Bank of America Corp		5.700		01/24/22		580,191
	1,425,000		Bank of America Corp		3.300		01/11/23		1,404,560
	2,000,000		Bank of America Corp		4.125		01/22/24		2,061,986
	750,000		Bank of America Corp		4.000		04/01/24		765,398
	1,500,000		Bank of America Corp		5.000		01/21/44		1,591,414
	500,000		Bank of America Corp		4.875		04/01/44		515,967
	1,000,000		Bank of America NA		1.125		11/14/16		1,000,710
	500,000		Bank of America NA		1.250		02/14/17		500,619
	500,000		Bank of New York Mellon Corp		0.700		03/04/16		500,990
	1,150,000		Bank of New York Mellon Corp		2.300		07/28/16		1,185,994
	100,000	i	Bank of New York Mellon Corp		1.969		06/20/17		102,169
	500,000		Bank of New York Mellon Corp		1.300		01/25/18		495,171
	300,000		Bank of New York Mellon Corp		2.100		08/01/18		304,276
	500,000		Bank of New York Mellon Corp		2.100		01/15/19		502,979
	400,000		Bank of New York Mellon Corp		2.200		03/04/19		403,488
	500,000		Bank of New York Mellon Corp		3.550		09/23/21		525,560
	250,000		Bank of New York Mellon Corp		3.650		02/04/24		257,789
	500,000		Barclays Bank plc		2.750		02/23/15		507,538
	1,900,000		Barclays Bank plc		5.000		09/22/16		2,065,207
	500,000		Barclays Bank plc		2.500		02/20/19		506,452
	500,000		Barclays Bank plc		5.140		10/14/20		547,648
	600,000		Barclays Bank plc		3.750		05/15/24		602,144
	80,000		Bear Stearns Cos LLC		5.300		10/30/15		84,800
	116,000		Bear Stearns Cos LLC		5.550		01/22/17		127,871

42

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	50,000	Berkshire Hathaway, Inc		3.200	%	02/11/15	$	50,881
	700,000	Berkshire Hathaway, Inc		1.900		01/31/17		716,846
	400,000	Berkshire Hathaway, Inc		1.550		02/09/18		401,052
	200,000	Berkshire Hathaway, Inc		3.750		08/15/21		214,166
	300,000	Berkshire Hathaway, Inc		3.000		02/11/23		299,633
	300,000	Berkshire Hathaway, Inc		4.500		02/11/43		309,322
	275,000	BlackRock, Inc		3.500		12/10/14		278,964
	210,000	BlackRock, Inc		6.250		09/15/17		241,819
	390,000	BlackRock, Inc		5.000		12/10/19		445,154
	125,000	BlackRock, Inc		3.375		06/01/22		129,025
	500,000	BlackRock, Inc		3.500		03/18/24		505,905
	100,000	Block Financial LLC		5.125		10/30/14		101,166
	200,000	Block Financial LLC		5.500		11/01/22		218,351
	480,000	BNP Paribas S.A.		3.250		03/11/15		488,980
	800,000	BNP Paribas S.A.		3.600		02/23/16		835,190
	300,000	BNP Paribas S.A.		1.250		12/12/16		300,383
	500,000	BNP Paribas S.A.		1.375		03/17/17		500,175
	1,000,000	BNP Paribas S.A.		2.700		08/20/18		1,023,008
	300,000	BNP Paribas S.A.		2.400		12/12/18		302,587
	500,000	BNP Paribas S.A.		2.450		03/17/19		503,430
	700,000	BNP Paribas S.A.		5.000		01/15/21		779,594
	300,000	BNP Paribas S.A.		3.250		03/03/23		296,282
	200,000	Broadridge Financial Solutions, Inc		3.950		09/01/20		209,355
	300,000	Capital One Financial Corp		2.150		03/23/15		303,642
	600,000	Capital One Financial Corp		1.000		11/06/15		601,645
	250,000	Capital One Financial Corp		3.150		07/15/16		260,886
	500,000	Capital One Financial Corp		3.750		04/24/24		507,493
	200,000	Charles Schwab Corp		0.850		12/04/15		200,808
	300,000	Charles Schwab Corp		2.200		07/25/18		305,173
	100,000	Charles Schwab Corp		4.450		07/22/20		111,580
	200,000	Charles Schwab Corp		3.225		09/01/22		201,555
	350,000	CME Group, Inc		3.000		09/15/22		348,327
	200,000	CME Group, Inc		5.300		09/15/43		230,792
	1,000,000	Credit Suisse		1.375		05/26/17		1,003,214
	700,000	Credit Suisse		2.300		05/28/19		701,124
	2,250,000	Credit Suisse		5.400		01/14/20		2,528,329
	250,000	Diageo Investment Corp		2.875		05/11/22		248,758
	100,000	Diageo Investment Corp		4.250		05/11/42		98,872
	155,000	Digital Realty Trust LP		4.500		07/15/15		159,421
	300,000	Digital Realty Trust LP		3.625		10/01/22		285,732
	100,000	Discover Financial Services		5.200		04/27/22		110,984
	17,000	Eaton Vance Corp		6.500		10/02/17		19,531
	300,000	Eaton Vance Corp		3.625		06/15/23		305,725
	500,000	European Bank for Reconstruction & Development		0.750		09/01/17		494,816
	1,300,000	European Bank for Reconstruction & Development		1.500		03/16/20		1,261,669
	400,000	Export-Import Bank of Korea		2.875		09/17/18		411,815
	500,000	Export-Import Bank of Korea		4.000		01/14/24		532,305
	300,000	FMS Wertmanagement AoeR		0.625		04/18/16		300,858
	1,000,000	Ford Motor Credit Co LLC		2.750		05/15/15		1,019,199
	300,000	Ford Motor Credit Co LLC		2.500		01/15/16		307,610
	500,000	Ford Motor Credit Co LLC		1.700		05/09/16		506,366
	500,000	Ford Motor Credit Co LLC		1.500		01/17/17		502,718

43

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	800,000		Ford Motor Credit Co LLC		3.000	%	06/12/17	$	834,600
	500,000		Ford Motor Credit Co LLC		1.724		12/06/17		500,203
	900,000		Ford Motor Credit Co LLC		2.375		01/16/18		919,359
	1,000,000		Ford Motor Credit Co LLC		5.000		05/15/18		1,112,451
	400,000		Ford Motor Credit Co LLC		2.875		10/01/18		414,017
	500,000		Ford Motor Credit Co LLC		2.375		03/12/19		502,427
	1,000,000		Ford Motor Credit Co LLC		5.875		08/02/21		1,174,063
	450,000		Ford Motor Credit Co LLC		4.250		09/20/22		479,985
	500,000		Ford Motor Credit Co LLC		4.375		08/06/23		533,964
	125,000		Franklin Resources, Inc		3.125		05/20/15		127,973
	150,000		Franklin Resources, Inc		2.800		09/15/22		146,802
	1,605,000		General Electric Capital Corp		3.500		06/29/15		1,655,293
	350,000		General Electric Capital Corp		1.625		07/02/15		354,452
	400,000		General Electric Capital Corp		2.250		11/09/15		409,154
	750,000		General Electric Capital Corp		1.000		12/11/15		755,764
	500,000		General Electric Capital Corp		1.000		01/08/16		503,587
	1,050,000		General Electric Capital Corp		2.950		05/09/16		1,094,709
	1,000,000		General Electric Capital Corp		1.500		07/12/16		1,014,367
	200,000		General Electric Capital Corp		2.900		01/09/17		209,209
	800,000		General Electric Capital Corp		2.300		04/27/17		826,286
	1,625,000		General Electric Capital Corp		5.625		09/15/17		1,839,542
	500,000		General Electric Capital Corp		1.600		11/20/17		503,097
	300,000		General Electric Capital Corp		1.625		04/02/18		300,491
	1,000,000		General Electric Capital Corp		2.300		01/14/19		1,020,124
	200,000		General Electric Capital Corp		2.100		12/11/19		199,900
	630,000		General Electric Capital Corp		5.500		01/08/20		730,301
	1,855,000		General Electric Capital Corp		4.375		09/16/20		2,048,705
	250,000		General Electric Capital Corp		4.625		01/07/21		278,384
	300,000		General Electric Capital Corp		5.300		02/11/21		341,136
	200,000		General Electric Capital Corp		4.650		10/17/21		222,408
	1,900,000		General Electric Capital Corp		3.150		09/07/22		1,908,677
	500,000		General Electric Capital Corp		3.100		01/09/23		496,075
	2,000,000		General Electric Capital Corp		3.450		05/15/24		2,007,156
	2,625,000		General Electric Capital Corp		6.750		03/15/32		3,462,792
	1,200,000		General Electric Capital Corp		5.875		01/14/38		1,455,846
	1,227,000		General Electric Capital Corp		6.875		01/10/39		1,648,202
	1,630,000		Goldman Sachs Group, Inc		3.700		08/01/15		1,681,213
	500,000		Goldman Sachs Group, Inc		1.600		11/23/15		505,188
	1,875,000		Goldman Sachs Group, Inc		3.625		02/07/16		1,954,269
	550,000		Goldman Sachs Group, Inc		5.950		01/18/18		624,827
	1,450,000		Goldman Sachs Group, Inc		2.375		01/22/18		1,472,527
	60,000		Goldman Sachs Group, Inc		6.150		04/01/18		68,809
	750,000		Goldman Sachs Group, Inc		2.900		07/19/18		772,702
	1,500,000		Goldman Sachs Group, Inc		2.625		01/31/19		1,520,388
	1,195,000		Goldman Sachs Group, Inc		7.500		02/15/19		1,458,325
	2,505,000		Goldman Sachs Group, Inc		5.375		03/15/20		2,837,606
	1,150,000		Goldman Sachs Group, Inc		6.000		06/15/20		1,340,446
	1,300,000		Goldman Sachs Group, Inc		5.250		07/27/21		1,459,813
	2,325,000		Goldman Sachs Group, Inc		5.750		01/24/22		2,690,453
	1,800,000		Goldman Sachs Group, Inc		3.625		01/22/23		1,807,742
	1,500,000		Goldman Sachs Group, Inc		4.000		03/03/24		1,526,938
	500,000	h	Goldman Sachs Group, Inc		3.850		07/08/24		499,340

44

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	65,000		Goldman Sachs Group, Inc		6.450	%	05/01/36	$	75,902
	2,150,000		Goldman Sachs Group, Inc		6.250		02/01/41		2,622,791
	475,000	h	Goldman Sachs Group, Inc		4.800		07/08/44		472,682
	1,200,000		HSBC Finance Corp		5.500		01/19/16		1,285,112
	782,000		HSBC Finance Corp		6.676		01/15/21		935,195
	200,000		IntercontinentalExchange Group, Inc		2.500		10/15/18		204,585
	200,000		IntercontinentalExchange Group, Inc		4.000		10/15/23		210,846
	500,000		International Finance Corp		1.250		07/16/18		498,169
	125,000		Invesco Finance plc		3.125		11/30/22		123,983
	200,000		Invesco Finance plc		4.000		01/30/24		208,963
	200,000		Invesco Finance plc		5.375		11/30/43		226,254
	130,000		Jefferies Group, Inc		3.875		11/09/15		134,153
	425,000		Jefferies Group, Inc		8.500		07/15/19		531,250
	500,000		Jefferies Group, Inc		6.875		04/15/21		584,565
	100,000		Jefferies Group, Inc		6.450		06/08/27		113,470
	2,000,000		KFW		1.000		06/11/18		1,972,200
	3,600,000		KFW		0.625		04/24/15		3,613,248
	1,000,000		KFW		0.500		04/19/16		1,000,630
	4,500,000		KFW		1.250		02/15/17		4,553,325
	1,000,000		KFW		2.750		10/01/20		1,037,677
	2,750,000		KFW		2.000		10/04/22		2,652,543
	400,000		Korea Development Bank		3.000		03/17/19		412,658
	500,000		Korea Development Bank		3.750		01/22/24		522,154
	100,000		Korea Finance Corp		3.250		09/20/16		104,380
	700,000		Korea Finance Corp		2.250		08/07/17		711,115
	500,000		Korea Finance Corp		2.875		08/22/18		513,338
	3,000,000		Kreditanstalt fuer Wiederaufbau		1.250		10/26/15		3,037,260
	1,350,000		Kreditanstalt fuer Wiederaufbau		4.875		01/17/17		1,488,471
	1,105,000		Kreditanstalt fuer Wiederaufbau		4.500		07/16/18		1,238,379
	6,925,000		Kreditanstalt fuer Wiederaufbau		4.000		01/27/20		7,686,210
	2,525,000		Landwirtschaftliche Rentenbank		5.125		02/01/17		2,802,801
	500,000		Landwirtschaftliche Rentenbank		1.750		04/15/19		501,538
	1,000,000		Landwirtschaftliche Rentenbank		1.375		10/23/19		976,453
	250,000		Lazard Group LLC		4.250		11/14/20		261,924
	100,000		Legg Mason, Inc		2.700		07/15/19		100,703
	400,000		Legg Mason, Inc		5.625		01/15/44		434,788
	1,260,000		Merrill Lynch & Co, Inc		6.400		08/28/17		1,439,272
	1,050,000		Merrill Lynch & Co, Inc		6.875		04/25/18		1,237,038
	1,500,000		Merrill Lynch & Co, Inc		6.110		01/29/37		1,730,456
	100,000		Morgan Stanley		2.875		07/28/14		100,178
	675,000		Morgan Stanley		1.750		02/25/16		684,586
	200,000		Morgan Stanley		3.800		04/29/16		209,985
	970,000		Morgan Stanley		5.450		01/09/17		1,068,547
	300,000		Morgan Stanley		4.750		03/22/17		326,622
	550,000		Morgan Stanley		5.550		04/27/17		611,656
	245,000		Morgan Stanley		5.950		12/28/17		278,925
	600,000		Morgan Stanley		2.125		04/25/18		606,591
	1,450,000		Morgan Stanley		2.500		01/24/19		1,466,240
	796,000		Morgan Stanley		7.300		05/13/19		973,307
	300,000		Morgan Stanley		5.625		09/23/19		345,063
	590,000		Morgan Stanley		5.500		01/26/20		675,295
	200,000		Morgan Stanley		5.750		01/25/21		232,325

45

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,200,000		Morgan Stanley		5.500	%	07/28/21	$	1,378,592
	2,500,000		Morgan Stanley		4.875		11/01/22		2,683,545
	1,350,000		Morgan Stanley		4.100		05/22/23		1,369,458
	1,000,000		Morgan Stanley		3.875		04/29/24		1,012,120
	750,000		Morgan Stanley		5.000		11/24/25		799,926
	600,000		Morgan Stanley		7.250		04/01/32		804,600
	500,000		Morgan Stanley		6.375		07/24/42		634,422
	400,000	i	Murray Street Investment Trust		4.647		03/09/17		432,313
	220,000		NASDAQ OMX Group, Inc		5.550		01/15/20		244,097
	250,000		NASDAQ OMX Group, Inc		4.250		06/01/24		253,446
	150,000		National Rural Utilities Cooperative Finance Corp		3.875		09/16/15		155,976
	735,000		National Rural Utilities Cooperative Finance Corp		10.375		11/01/18		990,202
	350,000		National Rural Utilities Cooperative Finance Corp		3.050		02/15/22		356,054
	200,000		National Rural Utilities Cooperative Finance Corp		3.400		11/15/23		203,275
	500,000	i	National Rural Utilities Cooperative Finance Corp		4.750		04/30/43		492,055
	250,000		Nomura Holdings, Inc		5.000		03/04/15		257,007
	260,000		Nomura Holdings, Inc		4.125		01/19/16		272,352
	400,000		Nomura Holdings, Inc		2.000		09/13/16		406,528
	500,000		Nomura Holdings, Inc		2.750		03/19/19		508,649
	430,000		Nomura Holdings, Inc		6.700		03/04/20		516,954
	300,000		NYSE Euronext		2.000		10/05/17		305,691
	800,000		Oesterreichische Kontrollbank AG.		5.000		04/25/17		890,912
	1,000,000		Oesterreichische Kontrollbank AG.		1.125		05/29/18		988,549
	500,000		Oesterreichische Kontrollbank AG.		1.625		03/12/19		499,806
	600,000		ORIX Corp		5.000		01/12/16		636,065
	200,000		ORIX Corp		3.750		03/09/17		211,151
	500,000		PACCAR Financial Corp		0.700		11/16/15		501,815
	300,000		PACCAR Financial Corp		1.600		03/15/17		303,701
	200,000		PACCAR Financial Corp		1.100		06/06/17		199,799
	200,000		Principal Life Income Funding Trust		5.550		04/27/15		208,477
	200,000		Prospect Capital Corp		5.875		03/15/23		206,563
	100,000		Raymond James Financial, Inc		4.250		04/15/16		105,620
	300,000		Raymond James Financial, Inc		5.625		04/01/24		338,330
	500,000		Sasol Financing International plc		4.500		11/14/22		507,405
	200,000		State Street Corp		2.875		03/07/16		207,646
	150,000		State Street Corp		1.350		05/15/18		148,321
	300,000		State Street Corp		4.375		03/07/21		332,519
	400,000		State Street Corp		3.100		05/15/23		392,796
	350,000		State Street Corp		3.700		11/20/23		363,039
	300,000		Syngenta Finance NV		3.125		03/28/22		302,233
	150,000		TD Ameritrade Holding Corp		4.150		12/01/14		152,335
	250,000		Toyota Motor Credit Corp		3.200		06/17/15		256,867
	700,000		Toyota Motor Credit Corp		2.800		01/11/16		724,707
	500,000		Toyota Motor Credit Corp		0.800		05/17/16		502,754
	150,000		Toyota Motor Credit Corp		2.050		01/12/17		154,082
	400,000		Toyota Motor Credit Corp		1.750		05/22/17		407,690
	500,000		Toyota Motor Credit Corp		1.250		10/05/17		499,655
	500,000		Toyota Motor Credit Corp		1.375		01/10/18		500,606
	500,000		Toyota Motor Credit Corp		2.000		10/24/18		505,587
	500,000		Toyota Motor Credit Corp		2.100		01/17/19		504,436
	750,000		Toyota Motor Credit Corp		2.750		05/17/21		753,015
	300,000		Toyota Motor Credit Corp		3.400		09/15/21		312,930

46

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	400,000		Toyota Motor Credit Corp		2.625	%	01/10/23	$	388,032
	1,000,000		UBS AG.		5.875		07/15/16		1,095,358
	162,000		UBS AG.		5.750		04/25/18		185,740
	1,671,000		UBS AG.		4.875		08/04/20		1,873,184
	500,000		Unilever Capital Corp		2.750		02/10/16		518,534
	400,000		Unilever Capital Corp		0.850		08/02/17		396,840
	250,000		Unilever Capital Corp		4.800		02/15/19		281,600
	300,000		Unilever Capital Corp		2.200		03/06/19		304,341
	250,000		Unilever Capital Corp		4.250		02/10/21		275,416
	330,000		Unilever Capital Corp		5.900		11/15/32		429,780
	1,000,000		Wells Fargo & Co		1.500		07/01/15		1,011,278
	650,000	i	Wells Fargo & Co		3.676		06/15/16		685,947
	500,000		Wells Fargo & Co		1.250		07/20/16		504,317
	1,250,000		Wells Fargo & Co		2.100		05/08/17		1,282,043
	500,000		Wells Fargo & Co		1.150		06/02/17		499,120
	1,400,000		Wells Fargo & Co		1.500		01/16/18		1,397,612
	425,000		Wells Fargo & Co		2.150		01/15/19		428,854
	500,000		Wells Fargo & Co		2.125		04/22/19		501,709
	1,000,000		Wells Fargo & Co		3.000		01/22/21		1,020,248
	1,200,000		Wells Fargo & Co		4.600		04/01/21		1,335,298
	3,500,000		Wells Fargo & Co		3.500		03/08/22		3,617,691
	700,000		Wells Fargo & Co		3.450		02/13/23		696,575
	500,000		Wells Fargo & Co		4.125		08/15/23		519,403
	334,000		Wells Fargo & Co		4.480		01/16/24		353,774
	650,000		Wells Fargo & Co		4.100		06/03/26		658,189
	264,000		Wells Fargo & Co		5.375		02/07/35		308,484
	225,000		Wells Fargo & Co		5.375		11/02/43		247,509
	1,143,000		Wells Fargo & Co		5.606		01/15/44		1,309,485
	500,000		Wells Fargo Bank NA		0.750		07/20/15		502,075
	200,000		Zions Bancorporation		4.500		06/13/23		206,298
			TOTAL DIVERSIFIED FINANCIALS						229,198,467
ENERGY - 2.6%
	650,000		Anadarko Petroleum Corp		5.950		09/15/16		719,912
	700,000		Anadarko Petroleum Corp		6.375		09/15/17		805,938
	465,000		Anadarko Petroleum Corp		8.700		03/15/19		599,076
	1,325,000		Anadarko Petroleum Corp		6.200		03/15/40		1,670,749
	100,000		Apache Corp		1.750		04/15/17		101,772
	400,000		Apache Corp		6.900		09/15/18		478,978
	200,000		Apache Corp		3.250		04/15/22		205,717
	980,000		Apache Corp		5.100		09/01/40		1,078,675
	300,000		Apache Corp		5.250		02/01/42		336,627
	350,000		Apache Corp		4.750		04/15/43		366,794
	300,000		Apache Corp		4.250		01/15/44		295,048
	200,000		Baker Hughes, Inc		7.500		11/15/18		245,942
	450,000		Baker Hughes, Inc		3.200		08/15/21		463,846
	415,000		Baker Hughes, Inc		5.125		09/15/40		472,045
	200,000		Boardwalk Pipelines LP		5.750		09/15/19		220,128
	200,000		Boardwalk Pipelines LP		3.375		02/01/23		184,857
	590,000		BP Capital Markets plc		3.125		10/01/15		609,735
	700,000		BP Capital Markets plc		0.700		11/06/15		702,019
	1,000,000		BP Capital Markets plc		3.200		03/11/16		1,044,193

47

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	200,000		BP Capital Markets plc		1.846	%	05/05/17	$	204,262
	850,000		BP Capital Markets plc		1.375		11/06/17		851,198
	500,000		BP Capital Markets plc		1.375		05/10/18		495,347
	300,000		BP Capital Markets plc		2.241		09/26/18		305,370
	500,000		BP Capital Markets plc		2.237		05/10/19		504,292
	300,000		BP Capital Markets plc		4.500		10/01/20		331,938
	150,000		BP Capital Markets plc		4.742		03/11/21		168,176
	650,000		BP Capital Markets plc		3.561		11/01/21		679,649
	200,000		BP Capital Markets plc		3.245		05/06/22		202,473
	850,000		BP Capital Markets plc		2.500		11/06/22		811,176
	300,000		BP Capital Markets plc		3.994		09/26/23		316,048
	500,000		BP Capital Markets plc		3.814		02/10/24		516,576
	100,000		Buckeye Partners LP		5.300		10/15/14		101,289
	200,000		Buckeye Partners LP		2.650		11/15/18		203,335
	200,000		Buckeye Partners LP		4.875		02/01/21		218,410
	200,000		Buckeye Partners LP		5.850		11/15/43		222,859
	575,000		Burlington Resources Finance Co		7.200		08/15/31		798,816
	200,000		Burlington Resources Finance Co		7.400		12/01/31		282,186
	200,000		Cameron International Corp		1.150		12/15/16		200,027
	100,000		Cameron International Corp		6.375		07/15/18		116,672
	150,000		Cameron International Corp		3.600		04/30/22		153,641
	500,000		Cameron International Corp		4.000		12/15/23		518,093
	100,000		Cameron International Corp		5.950		06/01/41		117,950
	200,000		Cameron International Corp		5.125		12/15/43		213,047
	600,000		Canadian Natural Resources Ltd		5.700		05/15/17		672,028
	100,000		Canadian Natural Resources Ltd		3.800		04/15/24		103,081
	850,000		Canadian Natural Resources Ltd		6.250		03/15/38		1,058,210
	340,000		Cenovus Energy, Inc		5.700		10/15/19		394,284
	625,000		Cenovus Energy, Inc		3.000		08/15/22		614,092
	200,000		Cenovus Energy, Inc		4.450		09/15/42		198,093
	400,000		Cenovus Energy, Inc		5.200		09/15/43		440,394
	100,000		Chevron Corp		0.889		06/24/16		100,637
	500,000		Chevron Corp		1.104		12/05/17		497,701
	750,000		Chevron Corp		1.718		06/24/18		755,890
	200,000		Chevron Corp		4.950		03/03/19		227,804
	750,000		Chevron Corp		2.427		06/24/20		761,045
	650,000		Chevron Corp		2.355		12/05/22		624,822
	250,000		Chevron Corp		3.191		06/24/23		253,915
	200,000		ConocoPhillips		1.050		12/15/17		198,074
	600,000		ConocoPhillips		5.750		02/01/19		698,585
	600,000		ConocoPhillips		2.400		12/15/22		576,956
	250,000		ConocoPhillips		5.900		05/15/38		314,542
	1,035,000		ConocoPhillips		6.500		02/01/39		1,388,035
	500,000		ConocoPhillips Holding Co		6.950		04/15/29		684,689
	1,000,000		Continental Resources, Inc		4.500		04/15/23		1,068,186
	250,000	g	Continental Resources, Inc		3.800		06/01/24		252,701
	100,000	g	Continental Resources, Inc		4.900		06/01/44		103,330
	300,000		DCP Midstream Operating LP		2.500		12/01/17		308,608
	200,000		DCP Midstream Operating LP		2.700		04/01/19		202,584
	200,000		DCP Midstream Operating LP		4.950		04/01/22		219,570
	200,000		DCP Midstream Operating LP		5.600		04/01/44		220,949
	300,000		Devon Energy Corp		1.200		12/15/16		300,909

48

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	150,000	Devon Energy Corp		1.875	%	05/15/17	$	152,591
	500,000	Devon Energy Corp		2.250		12/15/18		505,842
	850,000	Devon Energy Corp		6.300		01/15/19		998,068
	525,000	Devon Energy Corp		3.250		05/15/22		528,850
	600,000	Devon Energy Corp		7.950		04/15/32		849,632
	200,000	Devon Energy Corp		4.750		05/15/42		207,822
	300,000	Diamond Offshore Drilling, Inc		5.875		05/01/19		349,360
	200,000	Diamond Offshore Drilling, Inc		3.450		11/01/23		200,526
	100,000	Diamond Offshore Drilling, Inc		5.700		10/15/39		113,413
	175,000	Diamond Offshore Drilling, Inc		4.875		11/01/43		176,624
	300,000	Ecopetrol S.A.		4.250		09/18/18		321,000
	550,000	Ecopetrol S.A.		7.625		07/23/19		671,687
	500,000	Ecopetrol S.A.		5.875		09/18/23		561,250
	200,000	Ecopetrol S.A.		7.375		09/18/43		247,000
	300,000	Ecopetrol S.A.		5.875		05/28/45		310,284
	300,000	El Paso Pipeline Partners Operating Co LLC		4.300		05/01/24		302,142
	400,000	El Paso Pipeline Partners Operating Co LLC		4.700		11/01/42		373,315
	495,000	Enbridge Energy Partners LP		5.200		03/15/20		552,778
	300,000	Enbridge Energy Partners LP		5.500		09/15/40		326,858
	300,000	EnCana Corp		3.900		11/15/21		316,986
	220,000	EnCana Corp		6.500		05/15/19		261,885
	515,000	EnCana Corp		6.625		08/15/37		647,068
	400,000	EnCana Corp		5.150		11/15/41		436,020
	400,000	Ensco plc		3.250		03/15/16		416,300
	1,200,000	Ensco plc		4.700		03/15/21		1,307,269
	40,000	Enterprise Products Operating LLC		5.600		10/15/14		40,592
	145,000	Enterprise Products Operating LLC		5.000		03/01/15		149,366
	200,000	Enterprise Products Operating LLC		1.250		08/13/15		201,409
	735,000	Enterprise Products Operating LLC		6.300		09/15/17		848,513
	130,000	Enterprise Products Operating LLC		6.500		01/31/19		154,216
	600,000	Enterprise Products Operating LLC		5.200		09/01/20		685,006
	400,000	Enterprise Products Operating LLC		4.050		02/15/22		425,146
	1,100,000	Enterprise Products Operating LLC		3.350		03/15/23		1,101,923
	500,000	Enterprise Products Operating LLC		3.900		02/15/24		517,229
	480,000	Enterprise Products Operating LLC		6.125		10/15/39		584,615
	300,000	Enterprise Products Operating LLC		4.850		08/15/42		310,226
	100,000	Enterprise Products Operating LLC		4.450		02/15/43		98,095
	500,000	Enterprise Products Operating LLC		4.850		03/15/44		515,876
	500,000	Enterprise Products Operating LLC		5.100		02/15/45		533,727
	500,000	EOG Resources, Inc		2.500		02/01/16		514,245
	200,000	EOG Resources, Inc		2.450		04/01/20		201,548
	440,000	EOG Resources, Inc		4.100		02/01/21		479,215
	600,000	EOG Resources, Inc		2.625		03/15/23		579,022
	50,000	EQT Corp		6.500		04/01/18		56,803
	350,000	EQT Corp		8.125		06/01/19		437,922
	500,000	Exxon Mobil Corp		0.921		03/15/17		500,524
	500,000	Exxon Mobil Corp		1.819		03/15/19		503,527
	500,000	Exxon Mobil Corp		3.176		03/15/24		509,838
	200,000	Gulf South Pipeline Co LP		4.000		06/15/22		201,774
	300,000	Halliburton Co		1.000		08/01/16		301,550
	400,000	Halliburton Co		2.000		08/01/18		404,159
	400,000	Halliburton Co		6.150		09/15/19		477,265

49

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	300,000		Halliburton Co		3.500	%	08/01/23	$	307,667
	400,000		Halliburton Co		7.450		09/15/39		579,121
	250,000		Halliburton Co		4.500		11/15/41		260,159
	300,000		Halliburton Co		4.750		08/01/43		324,688
	200,000		Hess Corp		1.300		06/15/17		200,338
	425,000		Hess Corp		8.125		02/15/19		534,635
	200,000		Hess Corp		3.500		07/15/24		200,395
	200,000		Hess Corp		7.875		10/01/29		275,597
	940,000		Hess Corp		5.600		02/15/41		1,093,021
	30,000		Husky Energy, Inc		7.250		12/15/19		37,274
	200,000		Husky Energy, Inc		3.950		04/15/22		211,584
	1,000,000		Husky Energy, Inc		4.000		04/15/24		1,038,860
	130,000		Husky Energy, Inc		6.800		09/15/37		171,644
	200,000		Magellan Midstream Partners LP		6.550		07/15/19		237,671
	125,000		Magellan Midstream Partners LP		4.250		02/01/21		136,162
	500,000		Magellan Midstream Partners LP		4.200		12/01/42		475,316
	200,000		Marathon Oil Corp		0.900		11/01/15		200,702
	400,000		Marathon Oil Corp		6.000		10/01/17		457,309
	650,000		Marathon Oil Corp		2.800		11/01/22		631,758
	255,000		Marathon Oil Corp		6.600		10/01/37		328,634
	200,000		Marathon Petroleum Corp		3.500		03/01/16		208,857
	250,000		Marathon Petroleum Corp		5.125		03/01/21		283,448
	350,000		Marathon Petroleum Corp		6.500		03/01/41		432,229
	125,000		Murphy Oil Corp		2.500		12/01/17		127,938
	200,000		Murphy Oil Corp		4.000		06/01/22		202,426
	200,000		Murphy Oil Corp		3.700		12/01/22		199,051
	200,000		Murphy Oil Corp		5.125		12/01/42		197,492
	200,000		Nabors Industries, Inc		2.350		09/15/16		204,174
	125,000		Nabors Industries, Inc		6.150		02/15/18		142,413
	350,000		Nabors Industries, Inc		4.625		09/15/21		379,115
	100,000		Nabors Industries, Inc		5.100		09/15/23		109,181
	100,000		National Oilwell Varco, Inc		1.350		12/01/17		100,028
	300,000		National Oilwell Varco, Inc		2.600		12/01/22		289,267
	300,000		National Oilwell Varco, Inc		3.950		12/01/42		287,149
	935,000		Nexen, Inc		6.400		05/15/37		1,125,124
	150,000		Noble Energy, Inc		8.250		03/01/19		189,100
	700,000		Noble Energy, Inc		6.000		03/01/41		842,325
	300,000		Noble Energy, Inc		5.250		11/15/43		330,723
	100,000		Noble Holding International Ltd		3.450		08/01/15		102,851
	100,000		Noble Holding International Ltd		2.500		03/15/17		102,303
	305,000		Noble Holding International Ltd		4.900		08/01/20		336,455
	100,000		Noble Holding International Ltd		6.200		08/01/40		114,816
	400,000		Noble Holding International Ltd		5.250		03/15/42		414,282
	350,000		Occidental Petroleum Corp		2.500		02/01/16		360,504
	350,000		Occidental Petroleum Corp		1.750		02/15/17		356,474
	250,000		Occidental Petroleum Corp		1.500		02/15/18		249,476
	250,000		Occidental Petroleum Corp		3.125		02/15/22		253,442
	550,000		Occidental Petroleum Corp		2.700		02/15/23		534,034
	300,000	g	ONE Gas, Inc		2.070		02/01/19		300,263
	100,000	g	ONE Gas, Inc		3.610		02/01/24		103,391
	100,000	g	ONE Gas, Inc		4.658		02/01/44		107,717
	406,000		Panhandle Eastern Pipeline Co LP		7.000		06/15/18		471,565

50

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	785,000		Pemex Project Funding Master Trust		5.750	%	03/01/18	$	885,088
	925,000		Petrobras Global Finance BV		3.250		03/17/17		948,393
	750,000		Petrobras Global Finance BV		3.000		01/15/19		736,238
	1,500,000		Petrobras Global Finance BV		4.875		03/17/20		1,540,650
	1,300,000		Petrobras Global Finance BV		6.250		03/17/24		1,383,720
	750,000		Petrobras Global Finance BV		5.625		05/20/43		678,750
	1,000,000		Petrobras Global Finance BV		7.250		03/17/44		1,102,500
	500,000		Petrobras International Finance Co		2.875		02/06/15		505,335
	350,000		Petrobras International Finance Co		3.875		01/27/16		360,868
	47,000		Petrobras International Finance Co		6.125		10/06/16		51,136
	625,000		Petrobras International Finance Co		3.500		02/06/17		641,563
	1,125,000		Petrobras International Finance Co		7.875		03/15/19		1,311,570
	100,000		Petrobras International Finance Co		5.750		01/20/20		106,880
	1,400,000		Petrobras International Finance Co		5.375		01/27/21		1,459,122
	875,000		Petrobras International Finance Co		6.875		01/20/40		916,563
	75,000		Petro-Canada		6.800		05/15/38		99,280
	700,000		Petrohawk Energy Corp		7.250		08/15/18		731,500
	505,000		Petroleos Mexicanos		4.875		03/15/15		519,140
	400,000		Petroleos Mexicanos		3.500		07/18/18		420,400
	200,000	g	Petroleos Mexicanos		3.125		01/23/19		206,900
	980,000		Petroleos Mexicanos		8.000		05/03/19		1,214,220
	775,000		Petroleos Mexicanos		6.000		03/05/20		886,600
	800,000		Petroleos Mexicanos		5.500		01/21/21		898,000
	240,000		Petroleos Mexicanos		4.875		01/24/22		259,632
	255,000		Petroleos Mexicanos		1.700		12/20/22		250,393
	255,000		Petroleos Mexicanos		2.000		12/20/22		253,637
	400,000		Petroleos Mexicanos		3.500		01/30/23		390,600
	450,000	g	Petroleos Mexicanos		4.875		01/18/24		482,625
	300,000		Petroleos Mexicanos		4.875		01/18/24		321,750
	1,040,000		Petroleos Mexicanos		6.500		06/02/41		1,209,000
	1,775,000		Petroleos Mexicanos		5.500		06/27/44		1,847,775
	575,000	g	Petroleos Mexicanos		6.375		01/23/45		667,719
	900,000		Phillips 66		2.950		05/01/17		943,228
	150,000		Phillips 66		4.300		04/01/22		162,345
	400,000		Phillips 66		5.875		05/01/42		479,230
	300,000		Pioneer Natural Resources Co		6.650		03/15/17		341,481
	375,000		Pioneer Natural Resources Co		3.950		07/15/22		393,828
	200,000		Plains All American Pipeline LP		6.125		01/15/17		224,129
	700,000		Plains All American Pipeline LP		5.000		02/01/21		791,197
	200,000		Plains All American Pipeline LP		2.850		01/31/23		192,655
	400,000		Plains All American Pipeline LP		3.850		10/15/23		410,883
	100,000		Plains All American Pipeline LP		6.650		01/15/37		126,927
	250,000		Plains All American Pipeline LP		5.150		06/01/42		271,299
	300,000		Plains All American Pipeline LP		4.700		06/15/44		304,049
	500,000		Plains Exploration & Production Co		6.875		02/15/23		585,000
	100,000		Rowan Cos, Inc		5.000		09/01/17		108,462
	300,000		Rowan Cos, Inc		7.875		08/01/19		366,380
	250,000		Rowan Cos, Inc		4.875		06/01/22		267,790
	200,000		Rowan Cos, Inc		4.750		01/15/24		211,606
	100,000		Rowan Cos, Inc		5.400		12/01/42		99,711
	200,000		Rowan Cos, Inc		5.850		01/15/44		215,901
	750,000		Schlumberger Investment S.A.		3.650		12/01/23		779,948

51

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	440,000	Shell International Finance BV		3.100	%	06/28/15	$	452,016
	300,000	Shell International Finance BV		0.625		12/04/15		300,798
	300,000	Shell International Finance BV		0.900		11/15/16		301,235
	200,000	Shell International Finance BV		1.125		08/21/17		199,591
	500,000	Shell International Finance BV		2.000		11/15/18		506,928
	805,000	Shell International Finance BV		4.300		09/22/19		894,682
	1,130,000	Shell International Finance BV		4.375		03/25/20		1,257,130
	200,000	Shell International Finance BV		2.375		08/21/22		192,635
	500,000	Shell International Finance BV		2.250		01/06/23		473,615
	500,000	Shell International Finance BV		3.400		08/12/23		510,377
	421,000	Shell International Finance BV		6.375		12/15/38		554,681
	200,000	Shell International Finance BV		3.625		08/21/42		182,357
	700,000	Shell International Finance BV		4.550		08/12/43		737,302
	200,000	Southwestern Energy Co		7.500		02/01/18		238,360
	325,000	Southwestern Energy Co		4.100		03/15/22		344,445
	210,000	Statoil ASA		2.900		10/15/14		211,566
	350,000	Statoil ASA		3.125		08/17/17		370,435
	375,000	Statoil ASA		1.200		01/17/18		372,293
	300,000	Statoil ASA		1.150		05/15/18		295,566
	300,000	Statoil ASA		1.950		11/08/18		302,561
	450,000	Statoil ASA		5.250		04/15/19		516,650
	300,000	Statoil ASA		2.900		11/08/20		308,430
	250,000	Statoil ASA		3.150		01/23/22		255,473
	375,000	Statoil ASA		2.450		01/17/23		359,946
	300,000	Statoil ASA		2.650		01/15/24		288,304
	300,000	Statoil ASA		3.700		03/01/24		313,744
	200,000	Statoil ASA		5.100		08/17/40		227,696
	400,000	Statoil ASA		4.250		11/23/41		403,240
	300,000	Statoil ASA		3.950		05/15/43		289,472
	300,000	Statoil ASA		4.800		11/08/43		330,741
	550,000	Suncor Energy, Inc		6.100		06/01/18		638,311
	1,400,000	Suncor Energy, Inc		6.500		06/15/38		1,798,181
	300,000	Sunoco Logistics Partners Operations LP		4.250		04/01/24		308,838
	300,000	Sunoco Logistics Partners Operations LP		5.300		04/01/44		315,647
	300,000	Sunoco Logistics Partners Operations LP		3.450		01/15/23		295,935
	100,000	Sunoco Logistics Partners Operations LP		6.100		02/15/42		115,381
	25,000	Talisman Energy, Inc		7.750		06/01/19		30,968
	450,000	Talisman Energy, Inc		3.750		02/01/21		465,216
	300,000	Talisman Energy, Inc		5.850		02/01/37		329,963
	200,000	Talisman Energy, Inc		5.500		05/15/42		216,848
	200,000	Total Capital Canada Ltd		1.450		01/15/18		200,071
	300,000	Total Capital Canada Ltd		2.750		07/15/23		291,180
	400,000	Total Capital International S.A.		0.750		01/25/16		401,386
	500,000	Total Capital International S.A.		1.000		08/12/16		503,091
	300,000	Total Capital International S.A.		2.125		01/10/19		303,887
	500,000	Total Capital International S.A.		2.100		06/19/19		502,232
	300,000	Total Capital International S.A.		2.750		06/19/21		300,656
	1,000,000	Total Capital International S.A.		2.875		02/17/22		998,214
	400,000	Total Capital International S.A.		2.700		01/25/23		386,405
	300,000	Total Capital International S.A.		3.700		01/15/24		310,589
	300,000	Total Capital International S.A.		3.750		04/10/24		312,282
	300,000	TransCanada PipeLines Ltd		0.875		03/02/15		301,083

52

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	500,000		TransCanada PipeLines Ltd		0.750	%	01/15/16	$	501,264
	600,000		TransCanada PipeLines Ltd		3.800		10/01/20		645,930
	1,050,000		TransCanada PipeLines Ltd		2.500		08/01/22		1,013,600
	200,000		TransCanada PipeLines Ltd		3.750		10/16/23		206,396
	500,000		TransCanada PipeLines Ltd		4.625		03/01/34		530,314
	340,000		TransCanada PipeLines Ltd		5.850		03/15/36		406,327
	469,000		TransCanada PipeLines Ltd		7.625		01/15/39		681,766
	200,000		TransCanada PipeLines Ltd		6.100		06/01/40		249,020
	200,000		TransCanada PipeLines Ltd		5.000		10/16/43		218,598
	300,000	i	TransCanada PipeLines Ltd		6.350		05/15/67		312,375
	200,000		Transocean, Inc		2.500		10/15/17		204,238
	443,000		Transocean, Inc		6.000		03/15/18		500,381
	700,000		Transocean, Inc		6.500		11/15/20		809,591
	350,000		Transocean, Inc		6.375		12/15/21		404,894
	550,000		Transocean, Inc		3.800		10/15/22		544,348
	200,000		Transocean, Inc		6.800		03/15/38		228,110
	165,000		Vale Overseas Ltd		6.250		01/23/17		184,635
	1,045,000		Vale Overseas Ltd		4.625		09/15/20		1,122,037
	1,542,000		Vale Overseas Ltd		4.375		01/11/22		1,583,171
	150,000		Vale Overseas Ltd		8.250		01/17/34		186,827
	864,000		Vale Overseas Ltd		6.875		11/21/36		956,483
	680,000		Valero Energy Corp		6.125		02/01/20		803,570
	330,000		Valero Energy Corp		7.500		04/15/32		438,124
	500,000		Valero Energy Corp		6.625		06/15/37		621,268
	840,000		Weatherford Bermuda Holdings Ltd		5.125		09/15/20		940,829
	60,000		Weatherford Bermuda Holdings Ltd		6.750		09/15/40		73,619
	350,000		Weatherford International Ltd		9.625		03/01/19		459,303
	200,000		Weatherford International Ltd		4.500		04/15/22		212,651
	500,000		Weatherford International Ltd		5.950		04/15/42		567,046
	300,000		XTO Energy, Inc		6.250		08/01/17		345,969
			TOTAL ENERGY						139,837,557
FOOD & STAPLES RETAILING - 0.2%
	200,000		CVS Caremark Corp		1.200		12/05/16		201,222
	110,000		CVS Caremark Corp		5.750		06/01/17		123,899
	300,000		CVS Caremark Corp		2.250		12/05/18		303,671
	185,000		CVS Caremark Corp		4.750		05/18/20		207,084
	500,000		CVS Caremark Corp		4.125		05/15/21		540,312
	500,000		CVS Caremark Corp		2.750		12/01/22		482,940
	250,000		CVS Caremark Corp		4.000		12/05/23		261,616
	650,000		CVS Caremark Corp		6.125		09/15/39		809,364
	400,000		CVS Caremark Corp		5.300		12/05/43		452,186
	105,000		Delhaize Group S.A.		6.500		06/15/17		118,400
	100,000		Delhaize Group S.A.		4.125		04/10/19		105,011
	235,000		Delhaize Group S.A.		5.700		10/01/40		250,659
	300,000		Kroger Co		6.400		08/15/17		343,686
	55,000		Kroger Co		6.800		12/15/18		65,111
	445,000		Kroger Co		6.150		01/15/20		522,458
	200,000		Kroger Co		3.400		04/15/22		202,711
	200,000		Kroger Co		3.850		08/01/23		205,493
	300,000		Kroger Co		4.000		02/01/24		311,223
	100,000		Kroger Co		6.900		04/15/38		129,416

53

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	250,000	Kroger Co		5.000	%	04/15/42	$	264,242
	300,000	Kroger Co		5.150		08/01/43		324,087
	239,000	Safeway, Inc		6.350		08/15/17		272,110
	25,000	Safeway, Inc		5.000		08/15/19		26,276
	240,000	Safeway, Inc		3.950		08/15/20		244,507
	350,000	Safeway, Inc		4.750		12/01/21		359,534
	50,000	Starbucks Corp		6.250		08/15/17		57,433
	200,000	Starbucks Corp		2.000		12/05/18		201,416
	350,000	Starbucks Corp		3.850		10/01/23		367,768
	200,000	SYSCO Corp		5.250		02/12/18		223,944
	250,000	SYSCO Corp		2.600		06/12/22		242,529
	100,000	SYSCO Corp		5.375		09/21/35		114,406
	450,000	Walgreen Co		1.000		03/13/15		451,717
	200,000	Walgreen Co		1.800		09/15/17		201,731
	100,000	Walgreen Co		5.250		01/15/19		113,470
	200,000	Walgreen Co		3.100		09/15/22		196,491
	200,000	Walgreen Co		4.400		09/15/42		192,794
		TOTAL FOOD & STAPLES RETAILING						9,490,917
FOOD, BEVERAGE & TOBACCO - 1.1%
	50,000	Altria Group, Inc		4.125		09/11/15		52,026
	56,000	Altria Group, Inc		9.700		11/10/18		73,379
	228,000	Altria Group, Inc		9.250		08/06/19		302,985
	1,800,000	Altria Group, Inc		4.750		05/05/21		1,985,409
	800,000	Altria Group, Inc		2.850		08/09/22		769,829
	200,000	Altria Group, Inc		2.950		05/02/23		191,465
	300,000	Altria Group, Inc		4.000		01/31/24		308,259
	50,000	Altria Group, Inc		10.200		02/06/39		84,883
	300,000	Altria Group, Inc		4.250		08/09/42		279,505
	300,000	Altria Group, Inc		4.500		05/02/43		289,198
	300,000	Altria Group, Inc		5.375		01/31/44		328,600
	500,000	Anheuser-Busch InBev Finance, Inc		1.125		01/27/17		502,446
	300,000	Anheuser-Busch InBev Finance, Inc		1.250		01/17/18		297,836
	500,000	Anheuser-Busch InBev Finance, Inc		2.150		02/01/19		503,043
	500,000	Anheuser-Busch InBev Finance, Inc		2.625		01/17/23		480,258
	500,000	Anheuser-Busch InBev Finance, Inc		3.700		02/01/24		513,152
	400,000	Anheuser-Busch InBev Finance, Inc		4.000		01/17/43		379,132
	1,000,000	Anheuser-Busch InBev Finance, Inc		4.625		02/01/44		1,040,420
	500,000	Anheuser-Busch InBev Worldwide, Inc		0.800		07/15/15		502,250
	950,000	Anheuser-Busch InBev Worldwide, Inc		2.875		02/15/16		985,176
	1,390,000	Anheuser-Busch InBev Worldwide, Inc		5.000		04/15/20		1,580,914
	2,150,000	Anheuser-Busch InBev Worldwide, Inc		2.500		07/15/22		2,060,207
	485,000	Anheuser-Busch InBev Worldwide, Inc		6.375		01/15/40		627,506
	100,000	Anheuser-Busch InBev Worldwide, Inc		3.750		07/15/42		90,790
	100,000	Archer-Daniels-Midland Co		5.450		03/15/18		113,594
	740,000	Archer-Daniels-Midland Co		4.016		04/16/43		710,206
	200,000	Beam, Inc		1.750		06/15/18		197,135
	200,000	Beam, Inc		3.250		05/15/22		197,721
	200,000	Beam, Inc		3.250		06/15/23		196,698
	450,000	Bottling Group LLC		5.125		01/15/19		510,590
	200,000	Brown-Forman Corp		1.000		01/15/18		195,419
	200,000	Brown-Forman Corp		2.250		01/15/23		185,681

54

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	400,000	Bunge Ltd		4.100	%	03/15/16	$	420,013
	100,000	Bunge Ltd		3.200		06/15/17		104,263
	100,000	Bunge Ltd		8.500		06/15/19		125,662
	325,000	Campbell Soup Co		3.050		07/15/17		341,231
	100,000	Campbell Soup Co		4.250		04/15/21		107,356
	150,000	Campbell Soup Co		2.500		08/02/22		141,129
	150,000	Campbell Soup Co		3.800		08/02/42		129,071
	400,000	Coca-Cola Co		1.150		04/01/18		396,075
	300,000	Coca-Cola Co		2.500		04/01/23		289,970
	325,000	Coca-Cola Co		1.500		11/15/15		329,857
	1,835,000	Coca-Cola Co		1.800		09/01/16		1,878,091
	300,000	Coca-Cola Co		0.750		11/01/16		299,727
	500,000	Coca-Cola Co		1.650		03/14/18		505,218
	300,000	Coca-Cola Co		1.650		11/01/18		300,752
	300,000	Coca-Cola Co		2.450		11/01/20		301,580
	410,000	Coca-Cola Co		3.150		11/15/20		430,540
	600,000	Coca-Cola Co		3.200		11/01/23		606,463
	150,000	Coca-Cola Enterprises, Inc		2.125		09/15/15		152,747
	100,000	Coca-Cola Enterprises, Inc		3.500		09/15/20		104,307
	100,000	Coca-Cola Enterprises, Inc		3.250		08/19/21		101,755
	200,000	Coca-Cola Femsa SAB de C.V.		2.375		11/26/18		202,411
	100,000	Coca-Cola Femsa SAB de C.V.		4.625		02/15/20		109,821
	500,000	Coca-Cola Femsa SAB de C.V.		3.875		11/26/23		513,550
	200,000	Coca-Cola Femsa SAB de C.V.		5.250		11/26/43		221,938
	100,000	Coca-Cola HBC Finance BV		5.500		09/17/15		105,185
	300,000	ConAgra Foods, Inc		1.900		01/25/18		300,723
	200,000	ConAgra Foods, Inc		2.100		03/15/18		200,639
	325,000	ConAgra Foods, Inc		7.000		04/15/19		390,737
	200,000	ConAgra Foods, Inc		3.250		09/15/22		196,933
	125,000	ConAgra Foods, Inc		3.200		01/25/23		120,483
	100,000	ConAgra Foods, Inc		7.000		10/01/28		127,342
	100,000	ConAgra Foods, Inc		6.625		08/15/39		125,103
	450,000	ConAgra Foods, Inc		4.650		01/25/43		443,704
	100,000	Corn Products International, Inc		4.625		11/01/20		107,749
	350,000	Diageo Capital plc		5.500		09/30/16		385,982
	1,000,000	Diageo Capital plc		1.500		05/11/17		1,011,448
	325,000	Diageo Capital plc		5.750		10/23/17		370,600
	500,000	Diageo Capital plc		1.125		04/29/18		490,294
	200,000	Diageo Capital plc		5.875		09/30/36		242,216
	400,000	Diageo Capital plc		3.875		04/29/43		370,816
	100,000	Dr Pepper Snapple Group, Inc		2.900		01/15/16		103,419
	350,000	Dr Pepper Snapple Group, Inc		2.600		01/15/19		355,561
	150,000	Dr Pepper Snapple Group, Inc		2.000		01/15/20		147,099
	150,000	Dr Pepper Snapple Group, Inc		2.700		11/15/22		143,825
	150,000	Flowers Foods, Inc		4.375		04/01/22		157,615
	200,000	Fomento Economico Mexicano SAB de C.V.		2.875		05/10/23		190,538
	300,000	Fomento Economico Mexicano SAB de C.V.		4.375		05/10/43		278,931
	342,000	Fortune Brands, Inc		5.375		01/15/16		364,075
	100,000	General Mills, Inc		0.875		01/29/16		100,439
	210,000	General Mills, Inc		5.650		02/15/19		243,609
	200,000	General Mills, Inc		3.150		12/15/21		204,132
	500,000	General Mills, Inc		3.650		02/15/24		511,324

55

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	150,000	General Mills, Inc		5.400	%	06/15/40	$	168,935
	100,000	General Mills, Inc		4.150		02/15/43		97,384
	100,000	Hershey Co		1.500		11/01/16		101,836
	150,000	Hershey Co		4.125		12/01/20		164,270
	400,000	Hershey Co		2.625		05/01/23		386,740
	250,000	Ingredion, Inc		1.800		09/25/17		250,193
	100,000	JM Smucker Co		3.500		10/15/21		103,405
	200,000	Kellogg Co		1.125		05/15/15		201,392
	100,000	Kellogg Co		1.875		11/17/16		101,967
	200,000	Kellogg Co		1.750		05/17/17		202,378
	379,000	Kellogg Co		4.000		12/15/20		400,860
	100,000	Kellogg Co		7.450		04/01/31		129,571
	100,000	Kraft Foods Group, Inc		1.625		06/04/15		101,029
	600,000	Kraft Foods Group, Inc		2.250		06/05/17		616,349
	1,525,000	Kraft Foods Group, Inc		3.500		06/06/22		1,565,817
	794,000	Kraft Foods Group, Inc		6.500		02/09/40		1,016,739
	300,000	Kraft Foods Group, Inc		6.500		02/09/40		380,439
	400,000	Kraft Foods Group, Inc		5.000		06/04/42		427,639
	200,000	Lorillard Tobacco Co		3.500		08/04/16		209,230
	300,000	Lorillard Tobacco Co		2.300		08/21/17		306,191
	270,000	Lorillard Tobacco Co		6.875		05/01/20		320,857
	350,000	Lorillard Tobacco Co		3.750		05/20/23		345,666
	200,000	McCormick & Co, Inc		3.500		09/01/23		206,723
	150,000	Molson Coors Brewing Co		3.500		05/01/22		151,626
	300,000	Molson Coors Brewing Co		5.000		05/01/42		313,886
	2,000,000	Mondelez International, Inc		2.250		02/01/19		2,013,692
	1,000,000	Mondelez International, Inc		4.000		02/01/24		1,035,793
	300,000	PepsiCo, Inc		0.700		02/26/16		300,716
	850,000	PepsiCo, Inc		2.500		05/10/16		879,683
	300,000	PepsiCo, Inc		0.950		02/22/17		299,598
	250,000	PepsiCo, Inc		1.250		08/13/17		250,826
	840,000	PepsiCo, Inc		7.900		11/01/18		1,045,578
	400,000	PepsiCo, Inc		2.250		01/07/19		407,983
	100,000	PepsiCo, Inc		4.500		01/15/20		111,266
	400,000	PepsiCo, Inc		3.125		11/01/20		416,699
	200,000	PepsiCo, Inc		3.000		08/25/21		203,011
	400,000	PepsiCo, Inc		2.750		03/05/22		396,271
	500,000	PepsiCo, Inc		2.750		03/01/23		488,796
	1,000,000	PepsiCo, Inc		3.600		03/01/24		1,030,142
	310,000	PepsiCo, Inc		4.875		11/01/40		336,896
	400,000	PepsiCo, Inc		4.000		03/05/42		381,937
	200,000	PepsiCo, Inc		3.600		08/13/42		178,490
	500,000	Philip Morris International, Inc		1.125		08/21/17		498,519
	1,300,000	Philip Morris International, Inc		5.650		05/16/18		1,492,427
	300,000	Philip Morris International, Inc		1.875		01/15/19		299,290
	200,000	Philip Morris International, Inc		2.900		11/15/21		201,638
	200,000	Philip Morris International, Inc		2.500		08/22/22		193,726
	500,000	Philip Morris International, Inc		2.625		03/06/23		485,537
	300,000	Philip Morris International, Inc		3.600		11/15/23		309,982
	240,000	Philip Morris International, Inc		6.375		05/16/38		307,923
	150,000	Philip Morris International, Inc		4.375		11/15/41		150,119
	200,000	Philip Morris International, Inc		4.500		03/20/42		203,504

56

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	150,000	Philip Morris International, Inc		3.875	%	08/21/42	$	139,423
	300,000	Philip Morris International, Inc		4.125		03/04/43		289,000
	200,000	Philip Morris International, Inc		4.875		11/15/43		215,403
	400,000	Reynolds American, Inc		1.050		10/30/15		399,923
	50,000	Reynolds American, Inc		6.750		06/15/17		57,404
	200,000	Reynolds American, Inc		7.750		06/01/18		240,655
	400,000	Reynolds American, Inc		3.250		11/01/22		385,905
	200,000	Reynolds American, Inc		4.850		09/15/23		214,303
	65,000	Reynolds American, Inc		7.250		06/15/37		81,363
	400,000	Reynolds American, Inc		4.750		11/01/42		381,433
	200,000	Reynolds American, Inc		6.150		09/15/43		229,029
	133,000	Sara Lee Corp		4.100		09/15/20		137,599
	400,000	Tyson Foods, Inc		4.500		06/15/22		419,475
		TOTAL FOOD, BEVERAGE & TOBACCO						57,821,839
HEALTH CARE EQUIPMENT & SERVICES - 0.5%
	100,000	Allergan, Inc		5.750		04/01/16		107,734
	200,000	Allergan, Inc		1.350		03/15/18		193,054
	250,000	Allergan, Inc		3.375		09/15/20		247,027
	200,000	Allergan, Inc		2.800		03/15/23		180,362
	450,000	AmerisourceBergen Corp		1.150		05/15/17		449,473
	100,000	AmerisourceBergen Corp		3.500		11/15/21		103,827
	400,000	AmerisourceBergen Corp		3.400		05/15/24		398,961
	200,000	Ascension Health, Inc		4.847		11/15/53		219,036
	200,000	Baxter International, Inc		4.625		03/15/15		205,992
	300,000	Baxter International, Inc		0.950		06/01/16		301,284
	200,000	Baxter International, Inc		5.900		09/01/16		221,291
	300,000	Baxter International, Inc		1.850		06/15/18		300,459
	420,000	Baxter International, Inc		4.500		08/15/19		464,596
	300,000	Baxter International, Inc		3.200		06/15/23		297,550
	116,000	Baxter International, Inc		6.250		12/01/37		147,366
	150,000	Baxter International, Inc		3.650		08/15/42		132,395
	300,000	Baxter International, Inc		4.500		06/15/43		307,311
	25,000	Becton Dickinson & Co		5.000		05/15/19		28,314
	150,000	Becton Dickinson & Co		3.250		11/12/20		155,951
	850,000	Becton Dickinson & Co		3.125		11/08/21		873,853
	100,000	Bio-Rad Laboratories, Inc		4.875		12/15/20		105,891
	300,000	Boston Scientific Corp		6.400		06/15/16		330,821
	150,000	Boston Scientific Corp		2.650		10/01/18		153,335
	650,000	Boston Scientific Corp		6.000		01/15/20		755,627
	150,000	Boston Scientific Corp		4.125		10/01/23		155,874
	200,000	Cardinal Health, Inc		4.000		06/15/15		206,639
	200,000	Cardinal Health, Inc		1.700		03/15/18		199,287
	100,000	Cardinal Health, Inc		4.625		12/15/20		111,205
	100,000	Cardinal Health, Inc		3.200		06/15/22		100,236
	200,000	Cardinal Health, Inc		3.200		03/15/23		198,253
	100,000	Cardinal Health, Inc		4.600		03/15/43		101,763
	100,000	CareFusion Corp		5.125		08/01/14		100,371
	100,000	CareFusion Corp		1.450		05/15/17		99,925
	100,000	CareFusion Corp		6.375		08/01/19		117,078
	200,000	CareFusion Corp		3.300		03/01/23		193,016
	300,000	CareFusion Corp		4.875		05/15/44		303,051

57

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	100,000	Coventry Health Care, Inc		6.300	%	08/15/14	$	100,715
	100,000	Coventry Health Care, Inc		5.450		06/15/21		116,451
	450,000	Covidien International Finance S.A.		6.000		10/15/17		514,759
	650,000	Covidien International Finance S.A.		3.200		06/15/22		653,811
	500,000	Covidien International Finance S.A.		2.950		06/15/23		486,680
	100,000	Covidien International Finance S.A.		6.550		10/15/37		131,298
	225,000	CR Bard, Inc		1.375		01/15/18		223,038
	100,000	CR Bard, Inc		4.400		01/15/21		109,267
	100,000	DENTSPLY International, Inc		4.125		08/15/21		103,749
	100,000	Edwards Lifesciences Corp		2.875		10/15/18		102,190
	300,000	Express Scripts Holding Co		3.125		05/15/16		312,547
	150,000	Express Scripts Holding Co		3.500		11/15/16		159,268
	300,000	Express Scripts Holding Co		2.650		02/15/17		311,671
	200,000	Express Scripts Holding Co		1.250		06/02/17		199,649
	300,000	Express Scripts Holding Co		2.250		06/15/19		298,745
	250,000	Express Scripts Holding Co		4.750		11/15/21		276,695
	525,000	Express Scripts Holding Co		3.900		02/15/22		549,436
	300,000	Express Scripts Holding Co		3.500		06/15/24		296,857
	450,000	Express Scripts Holding Co		6.125		11/15/41		547,766
	100,000	Kaiser Foundation Hospitals		3.500		04/01/22		100,903
	100,000	Kaiser Foundation Hospitals		4.875		04/01/42		108,580
	200,000	Laboratory Corp of America Holdings		3.125		05/15/16		208,308
	100,000	Laboratory Corp of America Holdings		2.200		08/23/17		101,793
	250,000	Laboratory Corp of America Holdings		2.500		11/01/18		254,743
	200,000	Laboratory Corp of America Holdings		3.750		08/23/22		202,373
	200,000	Laboratory Corp of America Holdings		4.000		11/01/23		202,646
	200,000	Mayo Clinic Rochester		4.000		11/15/47		190,120
	100,000	McKesson Corp		0.950		12/04/15		100,403
	430,000	McKesson Corp		3.250		03/01/16		447,271
	25,000	McKesson Corp		5.700		03/01/17		27,978
	500,000	McKesson Corp		1.292		03/10/17		501,322
	180,000	McKesson Corp		4.750		03/01/21		200,540
	100,000	McKesson Corp		2.700		12/15/22		95,706
	200,000	McKesson Corp		2.850		03/15/23		192,854
	500,000	McKesson Corp		3.796		03/15/24		511,167
	100,000	McKesson Corp		6.000		03/01/41		120,506
	375,000	McKesson Corp		4.883		03/15/44		393,809
	250,000	Medco Health Solutions, Inc		2.750		09/15/15		255,978
	250,000	Medco Health Solutions, Inc		7.125		03/15/18		295,305
	205,000	Medtronic, Inc		4.750		09/15/15		215,646
	300,000	Medtronic, Inc		0.875		02/27/17		298,903
	250,000	Medtronic, Inc		1.375		04/01/18		248,370
	200,000	Medtronic, Inc		5.600		03/15/19		230,122
	605,000	Medtronic, Inc		4.450		03/15/20		670,047
	500,000	Medtronic, Inc		3.625		03/15/24		512,845
	200,000	Medtronic, Inc		4.500		03/15/42		203,790
	150,000	Medtronic, Inc		4.000		04/01/43		142,852
	500,000	Medtronic, Inc		4.625		03/15/44		525,152
	350,000	NYU Hospitals Center		5.750		07/01/43		402,654
	150,000	PerkinElmer, Inc		5.000		11/15/21		162,142
	44,000	Quest Diagnostics, Inc		5.450		11/01/15		46,615
	235,000	Quest Diagnostics, Inc		6.400		07/01/17		266,806

58

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	300,000	Quest Diagnostics, Inc		2.700	%	04/01/19	$	303,810
	400,000	Quest Diagnostics, Inc		4.700		04/01/21		431,436
	400,000	Quest Diagnostics, Inc		4.250		04/01/24		407,315
	150,000	Quest Diagnostics, Inc		6.950		07/01/37		181,995
	450,000	St. Jude Medical, Inc		2.500		01/15/16		461,974
	200,000	St. Jude Medical, Inc		3.250		04/15/23		198,242
	200,000	St. Jude Medical, Inc		4.750		04/15/43		205,357
	150,000	Stryker Corp		3.000		01/15/15		152,163
	150,000	Stryker Corp		2.000		09/30/16		153,862
	200,000	Stryker Corp		1.300		04/01/18		197,252
	90,000	Stryker Corp		4.375		01/15/20		99,459
	200,000	Stryker Corp		3.375		05/15/24		200,141
	200,000	Stryker Corp		4.100		04/01/43		190,892
	200,000	Stryker Corp		4.375		05/15/44		199,003
	165,000	Thermo Fisher Scientific, Inc		5.000		06/01/15		171,644
	550,000	Thermo Fisher Scientific, Inc		2.250		08/15/16		564,445
	175,000	Thermo Fisher Scientific, Inc		1.300		02/01/17		175,258
	350,000	Thermo Fisher Scientific, Inc		1.850		01/15/18		351,498
	100,000	Thermo Fisher Scientific, Inc		2.400		02/01/19		101,018
	455,000	Thermo Fisher Scientific, Inc		4.700		05/01/20		496,949
	250,000	Thermo Fisher Scientific, Inc		3.150		01/15/23		246,936
	100,000	Thermo Fisher Scientific, Inc		4.150		02/01/24		104,575
	200,000	Thermo Fisher Scientific, Inc		5.300		02/01/44		221,983
	100,000	Zimmer Holdings, Inc		1.400		11/30/14		100,418
	150,000	Zimmer Holdings, Inc		3.375		11/30/21		152,863
	106,000	Zimmer Holdings, Inc		5.750		11/30/39		123,189
		TOTAL HEALTH CARE EQUIPMENT & SERVICES						28,694,726
HOUSEHOLD & PERSONAL PRODUCTS - 0.2%
	100,000	Avon Products, Inc		2.375		03/15/16		101,322
	100,000	Avon Products, Inc		6.500		03/01/19		112,048
	150,000	Avon Products, Inc		4.600		03/15/20		155,550
	150,000	Avon Products, Inc		5.000		03/15/23		151,826
	100,000	Avon Products, Inc		6.950		03/15/43		102,899
	25,000	Clorox Co		5.000		01/15/15		25,604
	350,000	Clorox Co		3.550		11/01/15		362,832
	100,000	Clorox Co		3.800		11/15/21		104,737
	100,000	Clorox Co		3.050		09/15/22		99,201
	400,000	Colgate-Palmolive Co		1.300		01/15/17		404,254
	300,000	Colgate-Palmolive Co		0.900		05/01/18		292,120
	300,000	Colgate-Palmolive Co		1.750		03/15/19		299,193
	200,000	Colgate-Palmolive Co		2.300		05/03/22		194,161
	200,000	Colgate-Palmolive Co		1.950		02/01/23		186,226
	300,000	Colgate-Palmolive Co		3.250		03/15/24		305,348
	60,000	Colgate-Palmolive Co		6.450		06/16/28		76,298
	150,000	Ecolab, Inc		2.375		12/08/14		151,296
	300,000	Ecolab, Inc		1.000		08/09/15		301,467
	100,000	Ecolab, Inc		3.000		12/08/16		104,587
	250,000	Ecolab, Inc		1.450		12/08/17		250,320
	350,000	Ecolab, Inc		4.350		12/08/21		383,797
	100,000	Ecolab, Inc		5.500		12/08/41		116,629
	200,000	Estee Lauder Cos, Inc		2.350		08/15/22		189,776

59

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	100,000		Estee Lauder Cos, Inc		6.000	%	05/15/37	$	122,098
	400,000		Procter & Gamble Co		0.750		11/04/16		399,635
	400,000		Procter & Gamble Co		1.600		11/15/18		401,014
	1,825,000		Procter & Gamble Co		4.700		02/15/19		2,061,179
	800,000		Procter & Gamble Co		2.300		02/06/22		781,606
	300,000		Procter & Gamble Co		3.100		08/15/23		302,467
	225,000		Procter & Gamble Co		5.550		03/05/37		274,185
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						8,813,675
INSURANCE - 1.2%
	200,000		ACE INA Holdings, Inc		5.600		05/15/15		208,805
	100,000		ACE INA Holdings, Inc		2.600		11/23/15		102,682
	25,000		ACE INA Holdings, Inc		5.800		03/15/18		28,614
	500,000		ACE INA Holdings, Inc		5.900		06/15/19		584,954
	250,000		ACE INA Holdings, Inc		2.700		03/13/23		242,298
	300,000		ACE INA Holdings, Inc		3.350		05/15/24		302,612
	150,000		ACE INA Holdings, Inc		4.150		03/13/43		147,403
	400,000		Aegon NV		4.625		12/01/15		421,527
	125,000		Aetna, Inc		1.500		11/15/17		125,473
	200,000		Aetna, Inc		6.500		09/15/18		236,456
	300,000		Aetna, Inc		2.200		03/15/19		300,790
	250,000		Aetna, Inc		3.950		09/01/20		271,182
	500,000		Aetna, Inc		2.750		11/15/22		483,016
	240,000		Aetna, Inc		6.625		06/15/36		312,263
	350,000		Aetna, Inc		4.500		05/15/42		356,097
	500,000		Aetna, Inc		4.125		11/15/42		479,799
	200,000		Aflac, Inc		8.500		05/15/19		257,877
	300,000		Aflac, Inc		4.000		02/15/22		321,002
	300,000		Aflac, Inc		3.625		06/15/23		306,190
	125,000		Aflac, Inc		6.900		12/17/39		166,831
	300,000		Alleghany Corp		4.950		06/27/22		326,610
	100,000		Allied World Assurance Co Ltd		7.500		08/01/16		112,410
	1,250,000		Allstate Corp		3.150		06/15/23		1,254,255
	100,000		Allstate Corp		4.500		06/15/43		103,889
	200,000	i	Allstate Corp		5.750		08/15/53		214,811
	100,000		American Financial Group, Inc		9.875		06/15/19		130,830
	700,000		American International Group, Inc		3.800		03/22/17		748,026
	1,350,000		American International Group, Inc		8.250		08/15/18		1,677,252
	750,000		American International Group, Inc		3.375		08/15/20		779,350
	900,000		American International Group, Inc		6.400		12/15/20		1,086,521
	900,000		American International Group, Inc		4.875		06/01/22		1,002,207
	300,000		American International Group, Inc		4.125		02/15/24		315,790
	800,000		American International Group, Inc		6.250		05/01/36		1,005,638
	328,000		American International Group, Inc		6.820		11/15/37		441,385
	200,000		Aon Corp		3.125		05/27/16		208,204
	50,000		Aon Corp		5.000		09/30/20		56,084
	200,000		Aon Corp		6.250		09/30/40		248,917
	200,000		Aon plc		4.000		11/27/23		209,915
	200,000		Aon plc		3.500		06/14/24		199,393
	100,000		Aon plc		4.250		12/12/42		94,979
	200,000		Aon plc		4.450		05/24/43		194,297
	300,000		Arch Capital Group US, Inc		5.144		11/01/43		324,599

60

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	200,000		Aspen Insurance Holdings Ltd		4.650	%	11/15/23	$	207,749
	100,000		Assurant, Inc		2.500		03/15/18		100,741
	100,000		Assurant, Inc		4.000		03/15/23		100,605
	100,000		Assurant, Inc		6.750		02/15/34		119,301
	200,000		Assured Guaranty US Holdings, Inc		5.000		07/01/24		198,809
	270,000		AXA S.A.		8.600		12/15/30		362,812
	200,000		AXIS Specialty Finance plc		2.650		04/01/19		201,724
	50,000		AXIS Specialty Finance plc		5.875		06/01/20		57,415
	200,000		AXIS Specialty Finance plc		5.150		04/01/45		206,915
	333,000		Berkshire Hathaway Finance Corp		4.850		01/15/15		341,249
	300,000		Berkshire Hathaway Finance Corp		2.450		12/15/15		308,504
	300,000		Berkshire Hathaway Finance Corp		1.600		05/15/17		304,718
	225,000		Berkshire Hathaway Finance Corp		1.300		05/15/18		223,065
	750,000		Berkshire Hathaway Finance Corp		5.400		05/15/18		857,797
	600,000		Berkshire Hathaway Finance Corp		2.000		08/15/18		610,498
	200,000		Berkshire Hathaway Finance Corp		2.900		10/15/20		205,980
	400,000		Berkshire Hathaway Finance Corp		3.000		05/15/22		402,198
	300,000		Berkshire Hathaway Finance Corp		4.400		05/15/42		303,380
	100,000		Berkshire Hathaway Finance Corp		4.300		05/15/43		99,345
	40,000		Chubb Corp		5.750		05/15/18		45,864
	350,000		Chubb Corp		6.000		05/11/37		440,187
	300,000	i	Chubb Corp		6.375		03/29/67		333,375
	400,000		Cigna Corp		5.375		02/15/42		456,286
	540,000		CIGNA Corp		5.125		06/15/20		610,617
	400,000		CIGNA Corp		4.500		03/15/21		439,571
	200,000		Cincinnati Financial Corp		6.920		05/15/28		247,961
	200,000		CNA Financial Corp		5.850		12/15/14		204,996
	40,000		CNA Financial Corp		6.500		08/15/16		44,553
	500,000		CNA Financial Corp		5.750		08/15/21		581,729
	125,000		CNA Financial Corp		3.950		05/15/24		128,981
	300,000		Everest Reinsurance Holdings, Inc		4.868		06/01/44		300,851
	250,000		Fidelity National Financial, Inc		5.500		09/01/22		272,858
	100,000		First American Financial Corp		4.300		02/01/23		100,268
	260,000		Genworth Holdings, Inc		7.200		02/15/21		316,849
	300,000		Genworth Holdings, Inc		7.625		09/24/21		375,857
	100,000		Genworth Holdings, Inc		4.900		08/15/23		107,043
	300,000		Genworth Holdings, Inc		4.800		02/15/24		320,573
	250,000		Hartford Financial Services Group, Inc		5.125		04/15/22		284,278
	321,000		Hartford Financial Services Group, Inc		6.625		03/30/40		419,809
	750,000		Hartford Financial Services Group, Inc		4.300		04/15/43		722,398
	300,000		Humana, Inc		6.450		06/01/16		330,435
	100,000		Humana, Inc		3.150		12/01/22		98,139
	100,000		Humana, Inc		8.150		06/15/38		144,971
	200,000		Humana, Inc		4.625		12/01/42		198,282
	100,000		Infinity Property & Casualty Corp		5.000		09/19/22		104,540
	300,000		ING US, Inc		2.900		02/15/18		310,872
	150,000		ING US, Inc		5.500		07/15/22		171,798
	200,000		ING US, Inc		5.700		07/15/43		234,345
	400,000		Leucadia National Corp		5.500		10/18/23		424,890
	300,000		Lincoln National Corp		4.300		06/15/15		310,029
	200,000		Lincoln National Corp		8.750		07/01/19		259,311
	400,000		Lincoln National Corp		4.200		03/15/22		426,642

61

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	525,000		Lincoln National Corp		4.000	%	09/01/23	$	545,361
	30,000		Lincoln National Corp		6.150		04/07/36		36,870
	150,000		Lincoln National Corp		7.000		06/15/40		205,641
	100,000		Loews Corp		5.250		03/15/16		107,591
	200,000		Loews Corp		2.625		05/15/23		188,804
	200,000		Loews Corp		4.125		05/15/43		187,485
	100,000		Manulife Financial Corp		3.400		09/17/15		103,335
	100,000		Manulife Financial Corp		4.900		09/17/20		110,389
	100,000		Markel Corp		7.125		09/30/19		120,432
	150,000		Markel Corp		4.900		07/01/22		164,359
	100,000		Markel Corp		3.625		03/30/23		99,766
	100,000		Markel Corp		5.000		03/30/43		103,895
	200,000		Marsh & McLennan Cos, Inc		5.375		07/15/14		200,361
	150,000		Marsh & McLennan Cos, Inc		2.300		04/01/17		153,587
	100,000		Marsh & McLennan Cos, Inc		2.550		10/15/18		102,207
	125,000		Marsh & McLennan Cos, Inc		9.250		04/15/19		163,161
	150,000		Marsh & McLennan Cos, Inc		4.800		07/15/21		166,600
	200,000		Marsh & McLennan Cos, Inc		4.050		10/15/23		210,498
	152,000		Marsh & McLennan Cos, Inc		3.500		06/03/24		151,794
	200,000		Memorial Sloan-Kettering Cancer Center		4.125		07/01/52		192,188
	280,000		MetLife, Inc		5.000		06/15/15		292,384
	575,000		MetLife, Inc		6.750		06/01/16		638,977
	175,000		MetLife, Inc		1.756		12/15/17		176,789
	1,050,000		MetLife, Inc		4.750		02/08/21		1,173,468
	700,000		MetLife, Inc		3.048		12/15/22		695,439
	325,000		MetLife, Inc		4.368		09/15/23		348,669
	500,000		MetLife, Inc		3.600		04/10/24		509,236
	50,000		MetLife, Inc		6.375		06/15/34		64,356
	405,000		MetLife, Inc		5.700		06/15/35		487,511
	130,000		MetLife, Inc		5.875		02/06/41		160,235
	200,000		MetLife, Inc		4.125		08/13/42		194,642
	600,000		MetLife, Inc		4.875		11/13/43		648,804
	200,000		Montpelier Re Holdings Ltd		4.700		10/15/22		206,697
	20,000		Nationwide Financial Services		6.750		05/15/37		20,800
	200,000		Navigators Group, Inc		5.750		10/15/23		219,805
	500,000		OneBeacon US Holdings, Inc		4.600		11/09/22		516,216
	100,000		PartnerRe Ltd		5.500		06/01/20		113,745
	100,000	g	Primerica, Inc		4.750		07/15/22		108,935
	100,000		Principal Financial Group, Inc		1.850		11/15/17		100,505
	130,000		Principal Financial Group, Inc		8.875		05/15/19		167,839
	100,000		Principal Financial Group, Inc		3.300		09/15/22		99,527
	150,000		Principal Financial Group, Inc		3.125		05/15/23		146,681
	100,000		Principal Financial Group, Inc		6.050		10/15/36		121,423
	100,000		Principal Financial Group, Inc		4.625		09/15/42		101,343
	200,000		Principal Financial Group, Inc		4.350		05/15/43		197,408
	120,000		Progressive Corp		6.250		12/01/32		154,394
	300,000	i	Progressive Corp		6.700		06/15/37		333,750
	300,000		Progressive Corp		4.350		04/25/44		304,278
	100,000		Protective Life Corp		7.375		10/15/19		123,731
	295,000		Prudential Financial, Inc		5.100		09/20/14		298,011
	200,000		Prudential Financial, Inc		4.750		09/17/15		209,903
	300,000		Prudential Financial, Inc		3.000		05/12/16		312,028

62

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	60,000		Prudential Financial, Inc		6.100	%	06/15/17	$	68,044
	100,000		Prudential Financial, Inc		2.300		08/15/18		101,698
	1,020,000		Prudential Financial, Inc		7.375		06/15/19		1,263,169
	300,000		Prudential Financial, Inc		4.500		11/16/21		330,254
	400,000		Prudential Financial, Inc		5.750		07/15/33		467,430
	450,000		Prudential Financial, Inc		6.200		11/15/40		563,347
	125,000	i	Prudential Financial, Inc		5.875		09/15/42		135,781
	500,000	i	Prudential Financial, Inc		5.625		06/15/43		534,840
	150,000		Prudential Financial, Inc		5.100		08/15/43		161,966
	100,000	i	Prudential Financial, Inc		5.200		03/15/44		102,000
	500,000		Prudential Financial, Inc		4.600		05/15/44		504,059
	150,000		Reinsurance Group of America, Inc		5.625		03/15/17		163,796
	100,000		Reinsurance Group of America, Inc		5.000		06/01/21		110,282
	250,000		Reinsurance Group of America, Inc		4.700		09/15/23		268,202
	100,000		StanCorp Financial Group, Inc		5.000		08/15/22		106,683
	250,000		Torchmark Corp		3.800		09/15/22		255,977
	100,000		Transatlantic Holdings, Inc		5.750		12/14/15		106,814
	20,000		Transatlantic Holdings, Inc		8.000		11/30/39		27,739
	610,000		Travelers Cos, Inc		5.800		05/15/18		700,554
	130,000		Travelers Cos, Inc		5.900		06/02/19		152,563
	600,000		Travelers Cos, Inc		5.350		11/01/40		706,084
	200,000		Travelers Cos, Inc		4.600		08/01/43		210,936
	100,000		Travelers Property Casualty Corp		6.375		03/15/33		129,353
	100,000		UnitedHealth Group, Inc		5.375		03/15/16		107,944
	325,000		UnitedHealth Group, Inc		1.400		10/15/17		326,232
	324,000		UnitedHealth Group, Inc		6.000		02/15/18		373,813
	900,000		UnitedHealth Group, Inc		1.625		03/15/19		886,124
	700,000		UnitedHealth Group, Inc		4.700		02/15/21		779,534
	325,000		UnitedHealth Group, Inc		2.750		02/15/23		314,987
	200,000		UnitedHealth Group, Inc		2.875		03/15/23		196,196
	365,000		UnitedHealth Group, Inc		6.625		11/15/37		484,101
	250,000		UnitedHealth Group, Inc		6.875		02/15/38		338,501
	150,000		UnitedHealth Group, Inc		4.625		11/15/41		156,498
	300,000		UnitedHealth Group, Inc		4.375		03/15/42		300,234
	350,000		UnitedHealth Group, Inc		3.950		10/15/42		327,883
	200,000		UnitedHealth Group, Inc		4.250		03/15/43		195,454
	100,000		Unitrin, Inc		6.000		11/30/15		106,762
	110,000		Unum Group		5.625		09/15/20		126,193
	200,000		Unum Group		4.000		03/15/24		206,393
	200,000		Verisk Analytics, Inc		5.800		05/01/21		225,492
	200,000		WellPoint, Inc		1.250		09/10/15		201,527
	200,000		WellPoint, Inc		1.875		01/15/18		201,404
	1,250,000		WellPoint, Inc		2.300		07/15/18		1,273,473
	150,000		WellPoint, Inc		3.700		08/15/21		156,416
	800,000		WellPoint, Inc		3.125		05/15/22		798,818
	200,000		WellPoint, Inc		3.300		01/15/23		199,762
	300,000		WellPoint, Inc		4.625		05/15/42		305,440
	200,000		WellPoint, Inc		4.650		01/15/43		203,345
	500,000		WellPoint, Inc		5.100		01/15/44		544,449
	200,000		Willis Group Holdings plc		5.750		03/15/21		224,676
	165,000		WR Berkley Corp		5.375		09/15/20		185,435
	250,000		WR Berkley Corp		4.625		03/15/22		268,550

63

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	350,000	XL Capital Ltd		6.375	%	11/15/24	$	423,067
	100,000	XL Group PLC		5.250		09/15/14		100,986
	200,000	XLIT Ltd		2.300		12/15/18		198,911
	200,000	XLIT Ltd		5.250		12/15/43		219,933
		TOTAL INSURANCE						62,065,153
MATERIALS - 1.2%
	300,000	3M Co		1.375		09/29/16		305,274
	200,000	3M Co		1.000		06/26/17		199,991
	300,000	3M Co		1.625		06/15/19		296,471
	200,000	3M Co		2.000		06/26/22		190,134
	190,000	3M Co		5.700		03/15/37		235,277
	300,000	3M Co		3.875		06/15/44		288,172
	100,000	Agrium, Inc		6.750		01/15/19		118,934
	150,000	Agrium, Inc		3.150		10/01/22		147,043
	200,000	Agrium, Inc		3.500		06/01/23		199,298
	100,000	Agrium, Inc		6.125		01/15/41		119,088
	200,000	Agrium, Inc		4.900		06/01/43		204,373
	200,000	Air Products & Chemicals, Inc		1.200		10/15/17		199,765
	150,000	Air Products & Chemicals, Inc		3.000		11/03/21		151,169
	150,000	Air Products & Chemicals, Inc		2.750		02/03/23		145,120
	180,000	Airgas, Inc		4.500		09/15/14		181,491
	200,000	Airgas, Inc		1.650		02/15/18		198,399
	250,000	Airgas, Inc		2.900		11/15/22		241,738
	200,000	Airgas, Inc		3.650		07/15/24		201,869
	100,000	Albemarle Corp		4.500		12/15/20		107,224
	100,000	Allegheny Technologies, Inc		5.950		01/15/21		110,411
	300,000	Allegheny Technologies, Inc		5.875		08/15/23		329,058
	200,000	Avery Dennison Corp		3.350		04/15/23		192,513
	180,000	Barrick Australian Finance Pty Ltd		5.950		10/15/39		188,956
	250,000	Barrick Gold Corp		3.850		04/01/22		248,730
	725,000	Barrick Gold Corp		4.100		05/01/23		721,991
	250,000	Barrick Gold Corp		5.250		04/01/42		244,627
	1,500,000	Barrick North America Finance LLC		4.400		05/30/21		1,569,411
	300,000	Barrick North America Finance LLC		5.750		05/01/43		310,769
	110,000	Bemis Co, Inc		5.650		08/01/14		110,495
	100,000	Bemis Co, Inc		6.800		08/01/19		119,657
	460,000	BHP Billiton Finance Ltd		5.400		03/29/17		513,194
	500,000	BHP Billiton Finance USA Ltd		1.625		02/24/17		508,761
	300,000	BHP Billiton Finance USA Ltd		2.050		09/30/18		303,599
	450,000	BHP Billiton Finance USA Ltd		6.500		04/01/19		541,545
	100,000	BHP Billiton Finance USA Ltd		3.250		11/21/21		102,806
	800,000	BHP Billiton Finance USA Ltd		2.875		02/24/22		798,838
	975,000	BHP Billiton Finance USA Ltd		3.850		09/30/23		1,022,452
	200,000	BHP Billiton Finance USA Ltd		4.125		02/24/42		194,687
	500,000	BHP Billiton Finance USA Ltd		5.000		09/30/43		552,592
	600,000	Braskem Finance Ltd		6.450		02/03/24		641,250
	200,000	Cabot Corp		3.700		07/15/22		200,883
	200,000	Carpenter Technology Corp		4.450		03/01/23		205,710
	220,000	Celulosa Arauco y Constitucion S.A.		5.625		04/20/15		227,693
	100,000	Celulosa Arauco y Constitucion S.A.		5.000		01/21/21		105,095
	100,000	Celulosa Arauco y Constitucion S.A.		4.750		01/11/22		103,355

64

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	350,000		CF Industries, Inc		7.125	%	05/01/20	$	431,112
	200,000		CF Industries, Inc		3.450		06/01/23		198,238
	500,000		CF Industries, Inc		5.150		03/15/34		532,675
	200,000		CF Industries, Inc		4.950		06/01/43		200,306
	250,000		Church & Dwight Co, Inc		2.875		10/01/22		241,921
	300,000		Cliffs Natural Resources, Inc		3.950		01/15/18		303,999
	50,000		Cliffs Natural Resources, Inc		4.800		10/01/20		48,928
	200,000		Cliffs Natural Resources, Inc		4.875		04/01/21		197,264
	150,000		Cliffs Natural Resources, Inc		6.250		10/01/40		129,826
	100,000		Corning, Inc		1.450		11/15/17		98,328
	225,000		Corning, Inc		4.250		08/15/20		245,212
	200,000		Corning, Inc		3.700		11/15/23		206,956
	100,000		Corning, Inc		5.750		08/15/40		120,483
	200,000		Corning, Inc		4.750		03/15/42		211,472
	150,000		Cytec Industries, Inc		3.500		04/01/23		147,429
	200,000		Domtar Corp		4.400		04/01/22		205,904
	100,000		Domtar Corp		6.250		09/01/42		110,981
	100,000		Domtar Corp		6.750		02/15/44		119,197
	591,000		Dow Chemical Co		8.550		05/15/19		759,594
	1,500,000		Dow Chemical Co		4.250		11/15/20		1,630,632
	500,000		Dow Chemical Co		4.125		11/15/21		536,602
	550,000		Dow Chemical Co		3.000		11/15/22		540,936
	350,000		Dow Chemical Co		5.250		11/15/41		380,888
	375,000		Dow Chemical Co		4.375		11/15/42		357,987
	175,000		Eastman Chemical Co		2.400		06/01/17		180,168
	165,000		Eastman Chemical Co		5.500		11/15/19		187,152
	250,000		Eastman Chemical Co		3.600		08/15/22		256,363
	150,000		Eastman Chemical Co		4.800		09/01/42		152,306
	250,000		Eastman Chemical Co		4.650		10/15/44		247,401
	90,000		EI du Pont de Nemours & Co		5.250		12/15/16		99,327
	700,000		EI du Pont de Nemours & Co		6.000		07/15/18		817,832
	1,420,000		EI du Pont de Nemours & Co		4.625		01/15/20		1,595,425
	300,000		EI du Pont de Nemours & Co		2.800		02/15/23		293,101
	225,000		EI du Pont de Nemours & Co		4.150		02/15/43		219,476
	100,000		FMC Corp		3.950		02/01/22		103,766
	200,000		FMC Corp		4.100		02/01/24		208,898
	2,250,000		Freeport-McMoRan Copper & Gold, Inc		2.375		03/15/18		2,283,541
	300,000		Freeport-McMoRan Copper & Gold, Inc		3.100		03/15/20		302,966
	650,000		Freeport-McMoRan Copper & Gold, Inc		3.550		03/01/22		643,695
	675,000		Freeport-McMoRan Copper & Gold, Inc		3.875		03/15/23		672,945
	400,000		Freeport-McMoRan Copper & Gold, Inc		5.450		03/15/43		414,995
	200,000		Georgia-Pacific LLC		7.700		06/15/15		213,348
	300,000		Georgia-Pacific LLC		8.000		01/15/24		404,531
	250,000		Georgia-Pacific LLC		7.750		11/15/29		343,797
	300,000	g	Glencore Funding LLC		4.625		04/29/24		309,270
	250,000		Goldcorp, Inc		2.125		03/15/18		250,754
	200,000		Goldcorp, Inc		3.625		06/09/21		202,276
	250,000		Goldcorp, Inc		3.700		03/15/23		246,584
	300,000		Goldcorp, Inc		5.450		06/09/44		307,630
	100,000		Hubbell, Inc		3.625		11/15/22		100,709
	300,000		International Flavors & Fragrances, Inc		3.200		05/01/23		290,630
	330,000		International Paper Co		7.500		08/15/21		420,478

65

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	400,000		International Paper Co		3.650	%	06/15/24	$	400,944
	170,000		International Paper Co		7.300		11/15/39		229,484
	450,000		International Paper Co		6.000		11/15/41		530,273
	300,000		International Paper Co		4.800		06/15/44		302,367
	330,000		Kimberly-Clark Corp		6.250		07/15/18		388,756
	200,000		Kimberly-Clark Corp		1.900		05/22/19		199,816
	225,000		Kimberly-Clark Corp		3.625		08/01/20		240,509
	100,000		Kimberly-Clark Corp		3.875		03/01/21		107,849
	125,000		Kimberly-Clark Corp		2.400		03/01/22		121,859
	200,000		Kimberly-Clark Corp		2.400		06/01/23		189,905
	200,000		Kimberly-Clark Corp		6.625		08/01/37		269,060
	200,000		Kimberly-Clark Corp		3.700		06/01/43		185,089
	150,000		Kinross Gold Corp		5.125		09/01/21		155,370
	500,000	g	Kinross Gold Corp		5.950		03/15/24		520,271
	92,000		Lubrizol Corp		8.875		02/01/19		118,154
	150,000		Lubrizol Corp		6.500		10/01/34		195,753
	300,000		LYB International Finance BV		4.000		07/15/23		314,945
	300,000		LYB International Finance BV		5.250		07/15/43		328,527
	300,000		LYB International Finance BV		4.875		03/15/44		312,778
	500,000		LyondellBasell Industries NV		5.000		04/15/19		563,988
	300,000		LyondellBasell Industries NV		6.000		11/15/21		358,726
	300,000		LyondellBasell Industries NV		5.750		04/15/24		353,967
	250,000		Martin Marietta Materials, Inc		6.600		04/15/18		286,410
	200,000	g,h	Martin Marietta Materials, Inc		4.250		07/02/24		201,501
	150,000		Methanex Corp		3.250		12/15/19		153,579
	200,000		Monsanto Co		2.750		04/15/16		207,083
	400,000		Monsanto Co		1.150		06/30/17		400,124
	200,000		Monsanto Co		1.850		11/15/18		199,167
	400,000		Monsanto Co		2.125		07/15/19		400,988
	400,000		Monsanto Co		2.750		07/15/21		399,844
	100,000		Monsanto Co		2.200		07/15/22		94,079
	150,000		Monsanto Co		3.375		07/15/24		150,991
	150,000		Monsanto Co		5.500		08/15/25		177,486
	200,000		Monsanto Co		4.200		07/15/34		201,855
	100,000		Monsanto Co		3.600		07/15/42		88,143
	200,000		Monsanto Co		4.650		11/15/43		207,961
	200,000		Monsanto Co		4.400		07/15/44		200,439
	500,000		Monsanto Co		4.700		07/15/64		501,932
	100,000		NewMarket Corp		4.100		12/15/22		99,885
	200,000		Newmont Mining Corp		5.125		10/01/19		220,640
	600,000		Newmont Mining Corp		3.500		03/15/22		578,485
	298,000		Newmont Mining Corp		5.875		04/01/35		301,916
	135,000		Newmont Mining Corp		6.250		10/01/39		141,884
	300,000		Newmont Mining Corp		4.875		03/15/42		270,336
	100,000		Nucor Corp		5.750		12/01/17		113,822
	130,000		Nucor Corp		5.850		06/01/18		149,068
	300,000		Nucor Corp		4.125		09/15/22		315,088
	500,000		Nucor Corp		4.000		08/01/23		518,041
	300,000		Nucor Corp		5.200		08/01/43		319,528
	43,000		Owens Corning		9.000		06/15/19		54,070
	200,000		Owens Corning		4.200		12/15/22		205,368
	150,000		Packaging Corp of America		3.900		06/15/22		154,063

66

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	250,000		Packaging Corp of America		4.500	%	11/01/23	$	267,770
	100,000		Plum Creek Timberlands LP		4.700		03/15/21		108,688
	300,000		Plum Creek Timberlands LP		3.250		03/15/23		286,660
	650,000		Potash Corp of Saskatchewan, Inc		4.875		03/30/20		731,007
	400,000		Potash Corp of Saskatchewan, Inc		3.625		03/15/24		407,499
	200,000		Potash Corp of Saskatchewan, Inc		5.625		12/01/40		234,221
	150,000		PPG Industries, Inc		2.700		08/15/22		145,973
	150,000		PPG Industries, Inc		6.650		03/15/18		174,712
	300,000		PPG Industries, Inc		3.600		11/15/20		315,164
	440,000		Praxair, Inc		3.250		09/15/15		455,304
	200,000		Praxair, Inc		1.050		11/07/17		198,618
	250,000		Praxair, Inc		2.200		08/15/22		236,098
	625,000		Praxair, Inc		3.550		11/07/42		570,637
	150,000		Rio Tinto Finance USA Ltd		2.500		05/20/16		154,830
	1,500,000		Rio Tinto Finance USA Ltd		6.500		07/15/18		1,770,712
	570,000		Rio Tinto Finance USA Ltd		3.500		11/02/20		596,380
	200,000		Rio Tinto Finance USA Ltd		4.125		05/20/21		214,971
	200,000		Rio Tinto Finance USA Ltd		3.750		09/20/21		210,641
	250,000		Rio Tinto Finance USA Ltd		7.125		07/15/28		327,065
	150,000		Rio Tinto Finance USA Ltd		5.200		11/02/40		165,854
	300,000		Rio Tinto Finance USA plc		1.375		06/17/16		303,242
	800,000		Rio Tinto Finance USA plc		1.625		08/21/17		809,394
	300,000		Rio Tinto Finance USA plc		2.250		12/14/18		305,808
	400,000		Rio Tinto Finance USA plc		3.500		03/22/22		410,454
	625,000		Rio Tinto Finance USA plc		2.875		08/21/22		610,277
	200,000		Rio Tinto Finance USA plc		4.750		03/22/42		208,520
	400,000		Rio Tinto Finance USA plc		4.125		08/21/42		375,893
	500,000		Rock Tenn Co		4.900		03/01/22		545,748
	58,000		Rohm and Haas Co		6.000		09/15/17		65,556
	100,000		RPM International, Inc		6.125		10/15/19		115,115
	300,000		RPM International, Inc		3.450		11/15/22		291,769
	100,000		Sherwin-Williams Co		3.125		12/15/14		101,225
	175,000		Sherwin-Williams Co		1.350		12/15/17		175,226
	200,000		Sherwin-Williams Co		4.000		12/15/42		190,843
	150,000		Sonoco Products Co		5.750		11/01/40		172,895
	200,000		Southern Copper Corp		5.375		04/16/20		221,169
	100,000		Southern Copper Corp		7.500		07/27/35		116,413
	680,000		Southern Copper Corp		6.750		04/16/40		739,368
	50,000		Teck Resources Ltd		3.850		08/15/17		53,213
	100,000		Teck Resources Ltd		2.500		02/01/18		101,858
	300,000		Teck Resources Ltd		3.000		03/01/19		306,364
	600,000		Teck Resources Ltd		4.500		01/15/21		631,682
	275,000		Teck Resources Ltd		4.750		01/15/22		288,553
	100,000		Teck Resources Ltd		3.750		02/01/23		97,093
	100,000		Teck Resources Ltd		6.250		07/15/41		108,559
	700,000		Teck Resources Ltd		5.200		03/01/42		674,153
	150,000		Teck Resources Ltd		5.400		02/01/43		149,999
	450,000		Vale S.A.		5.625		09/11/42		440,865
	150,000		Valspar Corp		4.200		01/15/22		158,372
	200,000		Worthington Industries, Inc		4.550		04/15/26		208,029
	200,000	g	Yamana Gold, Inc		4.950		07/15/24		201,315
			TOTAL MATERIALS						64,080,082

67

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
MEDIA - 0.9%
$	100,000	CBS Corp		1.950	%	07/01/17	$	101,662
	50,000	CBS Corp		5.750		04/15/20		57,943
	445,000	CBS Corp		4.300		02/15/21		479,029
	500,000	CBS Corp		3.375		03/01/22		501,106
	500,000	CBS Corp		7.875		07/30/30		671,891
	200,000	CBS Corp		4.850		07/01/42		198,493
	450,000	Comcast Cable Communications LLC		8.875		05/01/17		547,161
	1,595,000	Comcast Corp		5.150		03/01/20		1,827,792
	1,350,000	Comcast Corp		3.125		07/15/22		1,370,068
	800,000	Comcast Corp		2.850		01/15/23		793,938
	500,000	Comcast Corp		3.600		03/01/24		513,724
	625,000	Comcast Corp		4.250		01/15/33		642,022
	129,000	Comcast Corp		7.050		03/15/33		173,857
	345,000	Comcast Corp		5.650		06/15/35		407,045
	350,000	Comcast Corp		6.950		08/15/37		471,814
	780,000	Comcast Corp		6.400		03/01/40		999,959
	350,000	Comcast Corp		4.650		07/15/42		362,876
	300,000	Comcast Corp		4.500		01/15/43		305,841
	500,000	Comcast Corp		4.750		03/01/44		528,828
	91,000	COX Communications, Inc		5.450		12/15/14		93,004
	100,000	DIRECTV Holdings LLC		3.500		03/01/16		104,350
	500,000	DIRECTV Holdings LLC		2.400		03/15/17		514,924
	500,000	DIRECTV Holdings LLC		1.750		01/15/18		500,688
	285,000	DIRECTV Holdings LLC		5.200		03/15/20		321,054
	500,000	DIRECTV Holdings LLC		4.600		02/15/21		545,916
	1,050,000	DIRECTV Holdings LLC		5.000		03/01/21		1,172,137
	250,000	DIRECTV Holdings LLC		3.800		03/15/22		258,154
	1,000,000	DIRECTV Holdings LLC		4.450		04/01/24		1,060,324
	145,000	DIRECTV Holdings LLC		6.000		08/15/40		166,943
	100,000	DIRECTV Holdings LLC		6.375		03/01/41		120,967
	550,000	DIRECTV Holdings LLC		5.150		03/15/42		577,573
	510,000	Discovery Communications LLC		5.050		06/01/20		572,841
	100,000	Discovery Communications LLC		4.375		06/15/21		108,244
	500,000	Discovery Communications LLC		3.300		05/15/22		497,722
	600,000	Discovery Communications LLC		3.250		04/01/23		588,940
	100,000	Discovery Communications LLC		6.350		06/01/40		120,648
	100,000	Discovery Communications LLC		4.950		05/15/42		101,980
	125,000	Discovery Communications LLC		4.875		04/01/43		126,060
	550,000	Grupo Televisa S.A.		6.625		03/18/25		675,108
	600,000	Grupo Televisa SAB		5.000		05/13/45		601,194
	348,000	Historic TW, Inc		6.625		05/15/29		443,452
	200,000	Interpublic Group of Cos, Inc		4.200		04/15/24		206,374
	300,000	Interpublic Group of Cos, Inc		2.250		11/15/17		305,161
	100,000	Interpublic Group of Cos, Inc		4.000		03/15/22		102,896
	900,000	NBC Universal Media LLC		4.450		01/15/43		902,927
	585,000	NBC Universal Media LLC		5.150		04/30/20		671,313
	820,000	NBC Universal Media LLC		4.375		04/01/21		904,888
	375,000	NBC Universal Media LLC		2.875		01/15/23		372,441
	95,000	NBC Universal Media LLC		6.400		04/30/40		121,795
	150,000	NBC Universal Media LLC		5.950		04/01/41		184,164

68

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	355,000	News America, Inc		7.250	%	05/18/18	$	426,705
	1,250,000	News America, Inc		3.000		09/15/22		1,230,637
	1,325,000	News America, Inc		6.200		12/15/34		1,622,076
	1,000,000	News America, Inc		6.150		02/15/41		1,211,963
	200,000	Omnicom Group, Inc		5.900		04/15/16		217,136
	200,000	Omnicom Group, Inc		4.450		08/15/20		218,087
	700,000	Omnicom Group, Inc		3.625		05/01/22		720,140
	500,000	Time Warner Cable, Inc		5.850		05/01/17		562,335
	170,000	Time Warner Cable, Inc		6.750		07/01/18		201,163
	910,000	Time Warner Cable, Inc		8.750		02/14/19		1,167,050
	1,100,000	Time Warner Cable, Inc		8.250		04/01/19		1,393,843
	1,300,000	Time Warner Cable, Inc		4.000		09/01/21		1,388,707
	500,000	Time Warner Cable, Inc		6.550		05/01/37		622,146
	175,000	Time Warner Cable, Inc		6.750		06/15/39		225,541
	690,000	Time Warner Cable, Inc		5.875		11/15/40		804,857
	300,000	Time Warner Cable, Inc		5.500		09/01/41		335,606
	1,050,000	Time Warner Cable, Inc		4.500		09/15/42		1,022,155
	490,000	Time Warner, Inc		3.150		07/15/15		503,514
	628,000	Time Warner, Inc		5.875		11/15/16		699,277
	200,000	Time Warner, Inc		2.100		06/01/19		198,982
	450,000	Time Warner, Inc		4.750		03/29/21		498,981
	1,400,000	Time Warner, Inc		3.400		06/15/22		1,418,910
	650,000	Time Warner, Inc		4.050		12/15/23		674,248
	500,000	Time Warner, Inc		3.550		06/01/24		496,434
	785,000	Time Warner, Inc		6.500		11/15/36		960,601
	350,000	Time Warner, Inc		6.100		07/15/40		410,840
	150,000	Time Warner, Inc		6.250		03/29/41		180,502
	900,000	Time Warner, Inc		4.900		06/15/42		916,576
	200,000	Time Warner, Inc		5.350		12/15/43		217,585
	300,000	Time Warner, Inc		4.650		06/01/44		294,294
	300,000	Viacom, Inc		1.250		02/27/15		301,677
	250,000	Viacom, Inc		2.500		09/01/18		255,524
	500,000	Viacom, Inc		2.200		04/01/19		501,345
	400,000	Viacom, Inc		3.875		12/15/21		418,956
	500,000	Viacom, Inc		3.125		06/15/22		490,965
	200,000	Viacom, Inc		3.250		03/15/23		197,439
	250,000	Viacom, Inc		4.250		09/01/23		262,273
	400,000	Viacom, Inc		3.875		04/01/24		406,479
	200,000	Viacom, Inc		4.500		02/27/42		190,865
	504,000	Viacom, Inc		4.375		03/15/43		467,841
	100,000	Viacom, Inc		4.875		06/15/43		100,617
	500,000	Viacom, Inc		5.250		04/01/44		528,217
	261,000	WPP Finance 2010		4.750		11/21/21		286,399
	300,000	WPP Finance 2010		3.625		09/07/22		306,582
	200,000	WPP Finance 2010		5.625		11/15/43		218,479
		TOTAL MEDIA						49,773,780
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.1%
	350,000	Abbott Laboratories		5.125		04/01/19		398,273
	500,000	Abbott Laboratories		5.300		05/27/40		592,515
	1,700,000	AbbVie, Inc		1.200		11/06/15		1,711,478
	800,000	AbbVie, Inc		1.750		11/06/17		804,363

69

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	700,000		AbbVie, Inc		2.000	%	11/06/18	$	699,133
	1,075,000		AbbVie, Inc		4.400		11/06/42		1,043,615
	750,000	g	Actavis Funding SCS		1.300		06/15/17		748,566
	175,000	g	Actavis Funding SCS		2.450		06/15/19		175,490
	325,000	g	Actavis Funding SCS		3.850		06/15/24		328,527
	500,000	g	Actavis Funding SCS		4.850		06/15/44		504,724
	300,000		Amgen, Inc		2.500		11/15/16		310,729
	300,000		Amgen, Inc		2.125		05/15/17		307,482
	500,000		Amgen, Inc		1.250		05/22/17		499,552
	550,000		Amgen, Inc		5.850		06/01/17		620,217
	500,000		Amgen, Inc		2.200		05/22/19		499,419
	75,000		Amgen, Inc		4.500		03/15/20		81,264
	250,000		Amgen, Inc		3.450		10/01/20		261,443
	700,000		Amgen, Inc		4.100		06/15/21		753,122
	1,000,000		Amgen, Inc		3.625		05/15/22		1,030,849
	500,000		Amgen, Inc		3.625		05/22/24		504,422
	500,000		Amgen, Inc		6.375		06/01/37		619,150
	1,000,000		Amgen, Inc		6.400		02/01/39		1,247,925
	150,000		Amgen, Inc		4.950		10/01/41		157,863
	400,000		Amgen, Inc		5.150		11/15/41		429,214
	300,000		Amgen, Inc		5.375		05/15/43		331,044
	800,000		AstraZeneca plc		5.900		09/15/17		914,647
	600,000		AstraZeneca plc		6.450		09/15/37		778,722
	450,000		AstraZeneca plc		4.000		09/18/42		428,764
	100,000		Biogen Idec, Inc		6.875		03/01/18		117,720
	250,000		Bristol-Myers Squibb Co		0.875		08/01/17		247,877
	200,000		Bristol-Myers Squibb Co		1.750		03/01/19		198,314
	200,000		Bristol-Myers Squibb Co		3.250		11/01/23		201,261
	303,000		Bristol-Myers Squibb Co		6.125		05/01/38		382,287
	650,000		Bristol-Myers Squibb Co		3.250		08/01/42		538,430
	200,000		Bristol-Myers Squibb Co		4.500		03/01/44		204,762
	200,000		Celgene Corp		1.900		08/15/17		202,918
	300,000		Celgene Corp		2.300		08/15/18		304,854
	200,000		Celgene Corp		2.250		05/15/19		200,552
	200,000		Celgene Corp		3.950		10/15/20		210,926
	300,000		Celgene Corp		3.250		08/15/22		299,335
	300,000		Celgene Corp		3.625		05/15/24		300,701
	300,000		Celgene Corp		5.250		08/15/43		326,027
	300,000		Celgene Corp		4.625		05/15/44		300,478
	375,000		Eli Lilly & Co		5.200		03/15/17		417,150
	200,000		Eli Lilly & Co		1.950		03/15/19		201,257
	200,000		Eli Lilly & Co		7.125		06/01/25		264,398
	450,000		Eli Lilly & Co		5.550		03/15/37		537,591
	200,000		Eli Lilly & Co		4.650		06/15/44		211,234
	125,000		Genentech, Inc		4.750		07/15/15		130,677
	100,000		Genentech, Inc		5.250		07/15/35		115,336
	275,000		Genzyme Corp		3.625		06/15/15		283,546
	100,000		Gilead Sciences, Inc		2.400		12/01/14		100,812
	200,000		Gilead Sciences, Inc		2.050		04/01/19		200,134
	600,000		Gilead Sciences, Inc		4.500		04/01/21		666,320
	650,000		Gilead Sciences, Inc		4.400		12/01/21		713,704
	425,000		Gilead Sciences, Inc		3.700		04/01/24		436,093

70

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	100,000		Gilead Sciences, Inc		5.650	%	12/01/41	$	117,840
	475,000		Gilead Sciences, Inc		4.800		04/01/44		501,218
	300,000		GlaxoSmithKline Capital, Inc		0.700		03/18/16		300,742
	1,045,000		GlaxoSmithKline Capital, Inc		5.650		05/15/18		1,198,517
	225,000		GlaxoSmithKline Capital, Inc		2.800		03/18/23		218,853
	350,000		GlaxoSmithKline Capital, Inc		5.375		04/15/34		411,118
	743,000		GlaxoSmithKline Capital, Inc		6.375		05/15/38		961,081
	350,000		GlaxoSmithKline Capital, Inc		4.200		03/18/43		346,251
	900,000		Johnson & Johnson		2.150		05/15/16		927,009
	500,000		Johnson & Johnson		1.650		12/05/18		502,136
	500,000		Johnson & Johnson		3.375		12/05/23		522,139
	650,000		Johnson & Johnson		4.375		12/05/33		699,206
	375,000		Johnson & Johnson		5.850		07/15/38		481,157
	180,000		Johnson & Johnson		4.500		09/01/40		194,058
	150,000		Johnson & Johnson		4.850		05/15/41		170,340
	300,000		Johnson & Johnson		4.500		12/05/43		322,352
	115,000		Life Technologies Corp		3.500		01/15/16		119,462
	300,000		Life Technologies Corp		5.000		01/15/21		336,091
	385,000		Mead Johnson Nutrition Co		4.900		11/01/19		427,792
	100,000		Mead Johnson Nutrition Co		4.600		06/01/44		100,803
	400,000		Merck & Co, Inc		0.700		05/18/16		401,179
	785,000		Merck & Co, Inc		6.000		09/15/17		901,282
	200,000		Merck & Co, Inc		1.100		01/31/18		196,813
	400,000		Merck & Co, Inc		1.300		05/18/18		396,028
	1,500,000		Merck & Co, Inc		3.875		01/15/21		1,618,341
	200,000		Merck & Co, Inc		2.400		09/15/22		192,872
	600,000		Merck & Co, Inc		2.800		05/18/23		586,298
	150,000		Merck & Co, Inc		6.500		12/01/33		199,802
	100,000		Merck & Co, Inc		3.600		09/15/42		89,605
	750,000		Merck & Co, Inc		4.150		05/18/43		733,930
	500,000		Mylan, Inc		1.800		06/24/16		507,081
	163,000		Mylan, Inc		1.350		11/29/16		163,272
	100,000		Mylan, Inc		2.550		03/28/19		100,733
	200,000		Mylan, Inc		4.200		11/29/23		206,435
	200,000		Mylan, Inc		5.400		11/29/43		215,371
	1,245,000		Novartis Capital Corp		2.900		04/24/15		1,271,490
	300,000		Novartis Capital Corp		2.400		09/21/22		288,969
	750,000		Novartis Capital Corp		3.400		05/06/24		759,641
	400,000		Novartis Capital Corp		3.700		09/21/42		370,864
	750,000		Novartis Capital Corp		4.400		05/06/44		780,605
	125,000	g	Perrigo Co Ltd		1.300		11/08/16		124,814
	100,000	g	Perrigo Co Ltd		2.300		11/08/18		99,959
	100,000	g	Perrigo Co Ltd		4.000		11/15/23		101,637
	100,000	g	Perrigo Co Ltd		5.300		11/15/43		107,276
	300,000		Pfizer, Inc		0.900		01/15/17		300,138
	300,000		Pfizer, Inc		1.500		06/15/18		297,491
	1,460,000		Pfizer, Inc		6.200		03/15/19		1,733,173
	800,000		Pfizer, Inc		3.000		06/15/23		798,994
	300,000		Pfizer, Inc		3.400		05/15/24		304,627
	500,000		Pfizer, Inc		4.300		06/15/43		504,989
	400,000		Pfizer, Inc		4.400		05/15/44		409,414
	800,000		Sanofi		2.625		03/29/16		828,590

71

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	175,000		Sanofi		1.250	%	04/10/18	$	172,704
	750,000		Sanofi		4.000		03/29/21		812,279
	540,000		Schering-Plough Corp		6.550		09/15/37		721,094
	100,000		Sigma-Aldrich Corp		3.375		11/01/20		105,034
	600,000		Teva Pharmaceutical Finance Co BV		2.400		11/10/16		619,157
	400,000		Teva Pharmaceutical Finance Co BV		2.950		12/18/22		384,691
	600,000		Teva Pharmaceutical Finance Co LLC		3.000		06/15/15		614,633
	200,000		Teva Pharmaceutical Finance Co LLC		2.250		03/18/20		195,578
	350,000		Teva Pharmaceutical Finance Co LLC		6.150		02/01/36		423,189
	250,000		Watson Pharmaceuticals, Inc		1.875		10/01/17		252,230
	575,000		Watson Pharmaceuticals, Inc		3.250		10/01/22		564,924
	250,000		Watson Pharmaceuticals, Inc		4.625		10/01/42		245,926
	500,000		Wyeth LLC		5.450		04/01/17		557,031
	1,000,000		Wyeth LLC		6.450		02/01/24		1,236,805
	945,000		Wyeth LLC		5.950		04/01/37		1,161,160
	300,000		Zoetis, Inc		1.150		02/01/16		301,884
	125,000		Zoetis, Inc		1.875		02/01/18		125,281
	150,000		Zoetis, Inc		3.250		02/01/23		148,379
	300,000		Zoetis, Inc		4.700		02/01/43		304,706
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						58,493,769
REAL ESTATE - 0.6%
	150,000		Alexandria Real Estate Equities, Inc		4.600		04/01/22		158,603
	100,000		Alexandria Real Estate Equities, Inc		3.900		06/15/23		99,580
	340,000		AMB Property LP		6.625		05/15/18		396,815
	100,000		American Campus Communities Operating Partnership LP		3.750		04/15/23		98,845
	300,000		American Campus Communities Operating Partnership LP		4.125		07/01/24		304,072
	300,000	g	ARC Properties Operating Partnership LP		3.000		02/06/19		301,137
	200,000	g	ARC Properties Operating Partnership LP		4.600		02/06/24		205,103
	200,000		AvalonBay Communities, Inc		3.625		10/01/20		208,829
	100,000		AvalonBay Communities, Inc		3.950		01/15/21		106,201
	225,000		AvalonBay Communities, Inc		2.950		09/15/22		219,439
	100,000		AvalonBay Communities, Inc		2.850		03/15/23		95,987
	200,000		BioMed Realty LP		2.625		05/01/19		201,202
	115,000		BioMed Realty LP		6.125		04/15/20		132,569
	100,000		BioMed Realty LP		4.250		07/15/22		103,105
	25,000		Boston Properties LP		5.000		06/01/15		25,997
	150,000		Boston Properties LP		3.700		11/15/18		160,130
	80,000		Boston Properties LP		5.875		10/15/19		93,419
	175,000		Boston Properties LP		4.125		05/15/21		185,808
	500,000		Boston Properties LP		3.850		02/01/23		515,617
	425,000		Boston Properties LP		3.125		09/01/23		412,718
	200,000		Boston Properties LP		3.800		02/01/24		202,261
	115,000		Brandywine Operating Partnership LP		5.700		05/01/17		126,784
	200,000		Brandywine Operating Partnership LP		3.950		02/15/23		201,334
	100,000		Camden Property Trust		4.625		06/15/21		109,339
	200,000		Camden Property Trust		2.950		12/15/22		193,350
	125,000		Camden Property Trust		4.250		01/15/24		130,803
	200,000		Corporate Office Properties LP		3.700		06/15/21		199,891
	200,000		Corporate Office Properties LP		5.250		02/15/24		214,267
	100,000		CubeSmart LP		4.800		07/15/22		107,621
	200,000		CubeSmart LP		4.375		12/15/23		207,434

72

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	100,000		DCT Industrial Operating Partnership LP		4.500	%	10/15/23	$	103,023
	200,000		DDR Corp		3.500		01/15/21		203,689
	500,000		DDR Corp		4.625		07/15/22		535,023
	275,000		Duke Realty LP		5.950		02/15/17		305,646
	100,000		Duke Realty LP		3.875		02/15/21		103,876
	200,000		Duke Realty LP		4.375		06/15/22		210,677
	100,000		Duke Realty LP		3.875		10/15/22		101,791
	100,000		Duke Realty LP		3.625		04/15/23		99,171
	100,000		Entertainment Properties Trust		5.750		08/15/22		108,646
	200,000		EPR Properties		5.250		07/15/23		208,052
	200,000		Equity One, Inc		3.750		11/15/22		198,207
	35,000		ERP Operating LP		5.250		09/15/14		35,328
	500,000		ERP Operating LP		5.125		03/15/16		536,604
	300,000		ERP Operating LP		2.375		07/01/19		301,183
	750,000		ERP Operating LP		4.625		12/15/21		825,552
	300,000		ERP Operating LP		4.500		07/01/44		300,980
	100,000		Essex Portfolio LP		3.625		08/15/22		100,881
	250,000	g	Essex Portfolio LP		3.375		01/15/23		246,511
	100,000		Essex Portfolio LP		3.250		05/01/23		97,621
	100,000		Federal Realty Investment Trust		3.000		08/01/22		98,894
	100,000		Federal Realty Investment Trust		2.750		06/01/23		95,737
	200,000		Federal Realty Investment Trust		3.950		01/15/24		207,631
	150,000		HCP, Inc		3.750		02/01/16		156,779
	430,000		HCP, Inc		6.000		01/30/17		481,357
	150,000		HCP, Inc		3.750		02/01/19		159,837
	250,000		HCP, Inc		2.625		02/01/20		250,130
	150,000		HCP, Inc		5.375		02/01/21		170,618
	400,000		HCP, Inc		3.150		08/01/22		392,260
	200,000		HCP, Inc		4.250		11/15/23		207,880
	200,000		HCP, Inc		4.200		03/01/24		206,181
	30,000		HCP, Inc		6.750		02/01/41		39,779
	100,000		Health Care REIT, Inc		3.625		03/15/16		104,520
	200,000		Health Care REIT, Inc		4.700		09/15/17		218,785
	150,000		Health Care REIT, Inc		2.250		03/15/18		152,300
	200,000		Health Care REIT, Inc		4.125		04/01/19		215,138
	440,000		Health Care REIT, Inc		6.125		04/15/20		511,509
	200,000		Health Care REIT, Inc		4.500		01/15/24		210,734
	300,000		Healthcare Realty Trust, Inc		6.500		01/17/17		337,295
	100,000		Healthcare Realty Trust, Inc		3.750		04/15/23		97,681
	100,000		Healthcare Trust of America Holdings LP		3.375		07/15/21		100,054
	100,000		Healthcare Trust of America Holdings LP		3.700		04/15/23		97,171
	125,000		Highwoods Realty LP		5.850		03/15/17		138,932
	100,000		Highwoods Realty LP		3.200		06/15/21		98,813
	100,000		Highwoods Realty LP		3.625		01/15/23		98,762
	350,000		Hospitality Properties Trust		5.125		02/15/15		351,755
	100,000		Hospitality Properties Trust		5.000		08/15/22		105,792
	200,000		Hospitality Properties Trust		4.500		06/15/23		203,856
	200,000		Hospitality Properties Trust		4.650		03/15/24		209,580
	600,000		Host Hotels & Resorts LP		3.750		10/15/23		594,587
	50,000		HRPT Properties Trust		5.875		09/15/20		54,444
	250,000		Jones Lang LaSalle, Inc		4.400		11/15/22		252,619
	35,000		Kilroy Realty LP		5.000		11/03/15		36,931

73

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	250,000	Kilroy Realty LP		3.800	%	01/15/23	$	252,202
	145,000	Kimco Realty Corp		5.700		05/01/17		161,889
	200,000	Kimco Realty Corp		3.200		05/01/21		200,517
	300,000	Kimco Realty Corp		3.125		06/01/23		288,636
	100,000	Lexington Realty Trust		4.250		06/15/23		100,247
	200,000	Lexington Realty Trust		4.400		06/15/24		202,261
	220,000	Liberty Property LP		4.750		10/01/20		238,852
	150,000	Liberty Property LP		4.125		06/15/22		156,118
	100,000	Liberty Property LP		3.375		06/15/23		97,051
	200,000	Liberty Property LP		4.400		02/15/24		209,769
	200,000	Mack-Cali Realty LP		2.500		12/15/17		202,427
	125,000	Mack-Cali Realty LP		7.750		08/15/19		148,858
	150,000	Mack-Cali Realty LP		4.500		04/18/22		151,910
	200,000	Mid-America Apartments LP		4.300		10/15/23		209,360
	100,000	Mid-America Apartments LP		3.750		06/15/24		99,620
	75,000	National Retail Properties, Inc		6.875		10/15/17		87,128
	100,000	National Retail Properties, Inc		3.800		10/15/22		101,972
	100,000	National Retail Properties, Inc		3.300		04/15/23		97,049
	300,000	National Retail Properties, Inc		3.900		06/15/24		301,772
	400,000	OMEGA Healthcare Investors, Inc		6.750		10/15/22		432,280
	200,000	Piedmont Operating Partnership LP		3.400		06/01/23		190,121
	200,000	Piedmont Operating Partnership LP		4.450		03/15/24		204,866
	100,000	Post Apartment Homes LP		3.375		12/01/22		97,201
	350,000	ProLogis LP		2.750		02/15/19		356,600
	201,000	ProLogis LP		3.350		02/01/21		203,931
	150,000	ProLogis LP		4.250		08/15/23		156,580
	200,000	Rayonier, Inc		3.750		04/01/22		201,482
	40,000	Realty Income Corp		5.950		09/15/16		44,131
	150,000	Realty Income Corp		2.000		01/31/18		150,709
	75,000	Realty Income Corp		5.750		01/15/21		86,105
	200,000	Realty Income Corp		3.250		10/15/22		195,776
	500,000	Realty Income Corp		4.650		08/01/23		536,826
	200,000	Realty Income Corp		3.875		07/15/24		202,097
	175,000	Regency Centers LP		5.250		08/01/15		183,248
	10,000	Regency Centers LP		5.875		06/15/17		11,242
	250,000	Regency Centers LP		3.750		06/15/24		250,881
	200,000	Retail Opportunity Investments Partnership LP		5.000		12/15/23		214,064
	300,000	Senior Housing Properties Trust		3.250		05/01/19		303,833
	100,000	Senior Housing Properties Trust		6.750		12/15/21		116,830
	488,000	Simon Property Group LP		5.100		06/15/15		509,310
	295,000	Simon Property Group LP		5.250		12/01/16		322,218
	100,000	Simon Property Group LP		2.800		01/30/17		104,238
	500,000	Simon Property Group LP		2.200		02/01/19		504,761
	740,000	Simon Property Group LP		10.350		04/01/19		1,002,596
	290,000	Simon Property Group LP		4.375		03/01/21		318,850
	300,000	Simon Property Group LP		3.375		03/15/22		308,957
	200,000	Simon Property Group LP		2.750		02/01/23		193,205
	750,000	Simon Property Group LP		3.750		02/01/24		770,474
	300,000	Tanger Properties LP		3.875		12/01/23		306,015
	200,000	UDR, Inc		3.700		10/01/20		209,764
	200,000	UDR, Inc		4.625		01/10/22		217,198
	200,000	UDR, Inc		3.750		07/01/24		200,881

74

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	100,000	g,i	USB Realty Corp		1.374	%	12/30/49	$	92,000
	55,000		Ventas Realty LP		3.125		11/30/15		56,769
	300,000		Ventas Realty LP		1.550		09/26/16		303,053
	175,000		Ventas Realty LP		2.000		02/15/18		176,435
	200,000		Ventas Realty LP		2.700		04/01/20		199,049
	300,000		Ventas Realty LP		4.750		06/01/21		328,907
	350,000		Ventas Realty LP		3.250		08/15/22		346,022
	350,000		Ventas Realty LP		3.750		05/01/24		349,523
	200,000		Vornado Realty LP		2.500		06/30/19		200,321
	100,000		Vornado Realty LP		5.000		01/15/22		109,538
	195,000		Washington Real Estate Investment Trust		4.950		10/01/20		211,877
	100,000		Washington Real Estate Investment Trust		3.950		10/15/22		100,231
	100,000		Weingarten Realty Investors		3.375		10/15/22		98,005
	100,000		Weingarten Realty Investors		3.500		04/15/23		97,949
	200,000		Weingarten Realty Investors		4.450		01/15/24		209,199
	500,000		Weyerhaeuser Co		7.375		10/01/19		615,693
	200,000		Weyerhaeuser Co		4.625		09/15/23		216,478
	400,000		Weyerhaeuser Co		7.375		03/15/32		540,468
	200,000		WP Carey, Inc		4.600		04/01/24		207,855
			TOTAL REAL ESTATE						33,873,342
RETAILING - 0.7%
	120,000		Advance Auto Parts, Inc		5.750		05/01/20		137,667
	250,000		Advance Auto Parts, Inc		4.500		12/01/23		263,612
	600,000		Amazon.com, Inc		0.650		11/27/15		600,968
	600,000		Amazon.com, Inc		2.500		11/29/22		567,506
	300,000		AutoZone, Inc		1.300		01/13/17		300,733
	100,000		AutoZone, Inc		4.000		11/15/20		106,355
	200,000		AutoZone, Inc		3.700		04/15/22		205,821
	300,000		AutoZone, Inc		2.875		01/15/23		286,889
	150,000		AutoZone, Inc		3.125		07/15/23		144,928
	300,000		Cooper US, Inc		2.375		01/15/16		307,550
	320,000		Costco Wholesale Corp		5.500		03/15/17		358,428
	500,000		Costco Wholesale Corp		1.125		12/15/17		497,533
	250,000		Costco Wholesale Corp		1.700		12/15/19		246,208
	500,000		Dollar General Corp		1.875		04/15/18		495,836
	300,000	g	Enable Midstream Partners LP		2.400		05/15/19		300,277
	300,000	g	Enable Midstream Partners LP		3.900		05/15/24		299,361
	100,000	g	Enable Midstream Partners LP		5.000		05/15/44		100,777
	100,000		Family Dollar Stores, Inc		5.000		02/01/21		107,308
	250,000		Gap, Inc		5.950		04/12/21		289,321
	600,000		Home Depot, Inc		5.400		03/01/16		647,456
	500,000		Home Depot, Inc		2.000		06/15/19		500,346
	400,000		Home Depot, Inc		3.950		09/15/20		440,744
	350,000		Home Depot, Inc		4.400		04/01/21		392,272
	500,000		Home Depot, Inc		2.700		04/01/23		485,294
	300,000		Home Depot, Inc		3.750		02/15/24		313,610
	960,000		Home Depot, Inc		5.875		12/16/36		1,187,497
	500,000		Home Depot, Inc		4.200		04/01/43		489,365
	300,000		Home Depot, Inc		4.875		02/15/44		326,913
	500,000		Home Depot, Inc		4.400		03/15/45		507,601
	125,000		Kohl’s Corp		6.250		12/15/17		143,971

75

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	200,000	Kohl’s Corp		3.250	%	02/01/23	$	193,490
	200,000	Kohl’s Corp		4.750		12/15/23		213,104
	150,000	Kohl’s Corp		6.000		01/15/33		167,796
	100,000	Kohl’s Corp		6.875		12/15/37		122,547
	400,000	Lowe’s Cos, Inc		2.125		04/15/16		410,788
	200,000	Lowe’s Cos, Inc		3.800		11/15/21		213,277
	850,000	Lowe’s Cos, Inc		3.120		04/15/22		862,799
	300,000	Lowe’s Cos, Inc		3.875		09/15/23		316,342
	200,000	Lowe’s Cos, Inc		6.875		02/15/28		254,896
	175,000	Lowe’s Cos, Inc		5.500		10/15/35		202,746
	150,000	Lowe’s Cos, Inc		5.800		04/15/40		180,610
	150,000	Lowe’s Cos, Inc		5.125		11/15/41		167,125
	100,000	Lowe’s Cos, Inc		4.650		04/15/42		104,928
	300,000	Lowe’s Cos, Inc		5.000		09/15/43		328,913
	191,000	Macy’s Retail Holdings, Inc		5.900		12/01/16		212,854
	250,000	Macy’s Retail Holdings, Inc		3.875		01/15/22		260,957
	125,000	Macy’s Retail Holdings, Inc		2.875		02/15/23		119,986
	200,000	Macy’s Retail Holdings, Inc		4.375		09/01/23		211,944
	300,000	Macy’s Retail Holdings, Inc		3.625		06/01/24		298,481
	400,000	Macy’s Retail Holdings, Inc		6.900		04/01/29		500,331
	200,000	Macy’s Retail Holdings, Inc		6.375		03/15/37		248,701
	200,000	Macy’s Retail Holdings, Inc		4.300		02/15/43		188,082
	300,000	Nordstrom, Inc		6.250		01/15/18		346,320
	30,000	Nordstrom, Inc		4.750		05/01/20		33,194
	100,000	Nordstrom, Inc		4.000		10/15/21		107,045
	531,000	Nordstrom, Inc		5.000		01/15/44		582,033
	150,000	O’Reilly Automotive, Inc		4.875		01/14/21		164,054
	100,000	O’Reilly Automotive, Inc		3.800		09/01/22		102,293
	200,000	O’Reilly Automotive, Inc		3.850		06/15/23		204,220
	200,000	QVC, Inc		3.125		04/01/19		203,402
	100,000	QVC, Inc		5.125		07/02/22		106,466
	100,000	QVC, Inc		4.375		03/15/23		101,580
	200,000	QVC, Inc		4.850		04/01/24		209,139
	150,000	QVC, Inc		5.950		03/15/43		161,041
	150,000	Staples, Inc		2.750		01/12/18		151,603
	150,000	Staples, Inc		4.375		01/12/23		150,511
	100,000	Target Corp		1.125		07/18/14		100,036
	500,000	Target Corp		2.300		06/26/19		503,642
	1,150,000	Target Corp		3.875		07/15/20		1,239,436
	900,000	Target Corp		2.900		01/15/22		903,269
	500,000	Target Corp		3.500		07/01/24		505,642
	200,000	Target Corp		6.500		10/15/37		263,963
	850,000	Target Corp		4.000		07/01/42		802,147
	105,000	TJX Cos, Inc		6.950		04/15/19		127,750
	300,000	TJX Cos, Inc		2.750		06/15/21		300,111
	300,000	TJX Cos, Inc		2.500		05/15/23		285,101
	650,000	Wal-Mart Stores, Inc		4.500		07/01/15		677,295
	200,000	Wal-Mart Stores, Inc		1.500		10/25/15		203,093
	200,000	Wal-Mart Stores, Inc		2.800		04/15/16		208,080
	350,000	Wal-Mart Stores, Inc		1.125		04/11/18		345,330
	300,000	Wal-Mart Stores, Inc		1.950		12/15/18		303,142
	1,400,000	Wal-Mart Stores, Inc		3.250		10/25/20		1,470,171

76

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,950,000		Wal-Mart Stores, Inc		4.250	%	04/15/21	$	2,155,544
	1,000,000		Wal-Mart Stores, Inc		2.550		04/11/23		963,543
	300,000		Wal-Mart Stores, Inc		3.300		04/22/24		303,166
	69,000		Wal-Mart Stores, Inc		7.550		02/15/30		98,147
	1,095,000		Wal-Mart Stores, Inc		5.250		09/01/35		1,266,908
	160,000		Wal-Mart Stores, Inc		6.500		08/15/37		212,663
	900,000		Wal-Mart Stores, Inc		6.200		04/15/38		1,151,490
	65,000		Wal-Mart Stores, Inc		5.625		04/01/40		78,674
	345,000		Wal-Mart Stores, Inc		5.000		10/25/40		384,571
	850,000		Wal-Mart Stores, Inc		4.000		04/11/43		814,223
	900,000		Wal-Mart Stores, Inc		4.750		10/02/43		972,694
	300,000		Wal-Mart Stores, Inc		4.300		04/22/44		303,002
			TOTAL RETAILING						36,398,578
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.1%
	200,000		Altera Corp		1.750		05/15/17		202,232
	200,000		Altera Corp		4.100		11/15/23		206,822
	500,000		Analog Devices, Inc		2.875		06/01/23		477,873
	140,000		Broadcom Corp		2.375		11/01/15		143,279
	150,000		Broadcom Corp		2.500		08/15/22		141,966
	900,000		Intel Corp		1.950		10/01/16		923,521
	475,000		Intel Corp		1.350		12/15/17		475,133
	1,250,000		Intel Corp		2.700		12/15/22		1,215,249
	500,000		Intel Corp		4.000		12/15/32		499,039
	500,000		Intel Corp		4.800		10/01/41		529,503
	200,000		Maxim Integrated Products, Inc		2.500		11/15/18		202,362
	200,000		Maxim Integrated Products, Inc		3.375		03/15/23		195,253
	310,000		National Semiconductor Corp		3.950		04/15/15		319,013
	200,000		Texas Instruments, Inc		0.450		08/03/15		200,207
	200,000		Texas Instruments, Inc		2.375		05/16/16		206,734
	200,000		Texas Instruments, Inc		1.000		05/01/18		196,293
	200,000		Texas Instruments, Inc		1.650		08/03/19		196,538
	200,000		Texas Instruments, Inc		2.750		03/12/21		202,100
	200,000		Texas Instruments, Inc		2.250		05/01/23		187,162
	400,000		Xilinx, Inc		3.000		03/15/21		403,723
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						7,124,002
SOFTWARE & SERVICES - 0.6%
	285,000		Adobe Systems, Inc		3.250		02/01/15		289,412
	20,000		Adobe Systems, Inc		4.750		02/01/20		22,246
	200,000		Autodesk, Inc		1.950		12/15/17		202,094
	300,000		Baidu, Inc		2.250		11/28/17		303,372
	750,000		Baidu, Inc		2.750		06/09/19		752,921
	200,000		Baidu, Inc		3.500		11/28/22		196,484
	20,000	g	CA, Inc		6.125		12/01/14		20,466
	250,000		CA, Inc		2.875		08/15/18		255,767
	300,000		CA, Inc		5.375		12/01/19		337,272
	120,000		Computer Sciences Corp		6.500		03/15/18		138,945
	200,000		Computer Sciences Corp		4.450		09/15/22		209,708
	300,000		Expedia, Inc		7.456		08/15/18		355,779
	275,000		Fidelity National Information Services, Inc		1.450		06/05/17		274,673
	250,000		Fidelity National Information Services, Inc		2.000		04/15/18		249,004

77

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	600,000		Fidelity National Information Services, Inc		3.875	%	06/05/24	$	602,843
	50,000		Fiserv, Inc		3.125		10/01/15		51,437
	150,000		Fiserv, Inc		3.125		06/15/16		155,824
	100,000		Fiserv, Inc		6.800		11/20/17		115,713
	550,000		Fiserv, Inc		3.500		10/01/22		553,203
	700,000		Google, Inc		2.125		05/19/16		721,142
	100,000		Google, Inc		3.625		05/19/21		107,187
	500,000		Google, Inc		3.375		02/25/24		511,751
	300,000		International Business Machines Corp		2.000		01/05/16		306,939
	300,000		International Business Machines Corp		0.450		05/06/16		299,426
	250,000		International Business Machines Corp		1.950		07/22/16		256,555
	225,000		International Business Machines Corp		1.250		02/06/17		226,830
	1,000,000		International Business Machines Corp		5.700		09/14/17		1,139,309
	400,000		International Business Machines Corp		1.250		02/08/18		398,044
	500,000		International Business Machines Corp		1.950		02/12/19		502,424
	200,000		International Business Machines Corp		1.875		05/15/19		199,677
	800,000		International Business Machines Corp		8.375		11/01/19		1,046,701
	300,000		International Business Machines Corp		1.625		05/15/20		289,104
	500,000		International Business Machines Corp		2.900		11/01/21		506,064
	300,000		International Business Machines Corp		1.875		08/01/22		276,027
	300,000		International Business Machines Corp		3.375		08/01/23		303,488
	500,000		International Business Machines Corp		3.625		02/12/24		513,026
	400,000		International Business Machines Corp		7.000		10/30/25		529,239
	19,000		International Business Machines Corp		5.600		11/30/39		22,762
	835,000		International Business Machines Corp		4.000		06/20/42		802,382
	200,000		Intuit, Inc		5.750		03/15/17		223,302
	175,000		Juniper Networks, Inc		4.600		03/15/21		188,338
	200,000		Juniper Networks, Inc		4.500		03/15/24		209,174
	475,000		Microsoft Corp		0.875		11/15/17		471,452
	400,000		Microsoft Corp		1.625		12/06/18		401,027
	925,000		Microsoft Corp		4.200		06/01/19		1,028,499
	540,000		Microsoft Corp		3.000		10/01/20		563,941
	450,000		Microsoft Corp		4.000		02/08/21		495,962
	400,000		Microsoft Corp		2.125		11/15/22		382,989
	400,000		Microsoft Corp		3.625		12/15/23		418,139
	500,000		Microsoft Corp		3.500		11/15/42		445,348
	300,000		Microsoft Corp		3.750		05/01/43		278,504
	400,000		Microsoft Corp		4.875		12/15/43		439,652
	320,000		Oracle Corp		3.750		07/08/14		320,163
	1,000,000		Oracle Corp		1.200		10/15/17		998,662
	320,000		Oracle Corp		5.750		04/15/18		367,729
	750,000		Oracle Corp		2.375		01/15/19		762,619
	750,000	h	Oracle Corp		2.250		10/08/19		749,160
	1,365,000		Oracle Corp		3.875		07/15/20		1,474,338
	500,000	h	Oracle Corp		2.800		07/08/21		499,275
	1,725,000		Oracle Corp		2.500		10/15/22		1,650,347
	750,000	h	Oracle Corp		3.400		07/08/24		748,298
	750,000	h	Oracle Corp		4.300		07/08/34		749,700
	550,000		Oracle Corp		6.500		04/15/38		709,119
	470,000		Oracle Corp		6.125		07/08/39		589,751
	500,000	h	Oracle Corp		4.500		07/08/44		499,755
	290,000		Symantec Corp		2.750		09/15/15		296,580

78

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	250,000	Symantec Corp		2.750	%	06/15/17	$	256,684
	200,000	Symantec Corp		3.950		06/15/22		202,444
	250,000	Total System Services, Inc		2.375		06/01/18		250,140
	125,000	Total System Services, Inc		3.750		06/01/23		121,704
	20,000	Western Union Co		5.930		10/01/16		21,954
	500,000	Western Union Co		2.875		12/10/17		514,887
	100,000	Western Union Co		3.650		08/22/18		104,692
	400,000	Western Union Co		5.253		04/01/20		441,240
		TOTAL SOFTWARE & SERVICES						31,920,808
TECHNOLOGY HARDWARE & EQUIPMENT - 0.6%
	75,000	Amphenol Corp		4.750		11/15/14		76,154
	200,000	Amphenol Corp		2.550		01/30/19		202,811
	150,000	Amphenol Corp		4.000		02/01/22		154,460
	2,000,000	Apple, Inc		1.050		05/05/17		2,002,700
	1,000,000	Apple, Inc		2.100		05/06/19		1,005,042
	1,750,000	Apple, Inc		2.850		05/06/21		1,765,076
	2,250,000	Apple, Inc		3.450		05/06/24		2,275,072
	750,000	Apple, Inc		4.450		05/06/44		759,947
	100,000	CC Holdings GS V LLC		2.381		12/15/17		101,835
	175,000	CC Holdings GS V LLC		3.849		04/15/23		175,680
	1,043,000	Cisco Systems, Inc		4.950		02/15/19		1,176,149
	250,000	Cisco Systems, Inc		2.125		03/01/19		251,942
	1,900,000	Cisco Systems, Inc		4.450		01/15/20		2,104,972
	1,250,000	Cisco Systems, Inc		2.900		03/04/21		1,269,186
	500,000	Cisco Systems, Inc		3.625		03/04/24		513,927
	600,000	Cisco Systems, Inc		5.900		02/15/39		732,413
	900,000	EMC Corp		1.875		06/01/18		905,946
	400,000	EMC Corp		2.650		06/01/20		403,273
	400,000	EMC Corp		3.375		06/01/23		404,777
	300,000	General Electric Co		0.850		10/09/15		301,488
	750,000	General Electric Co		5.250		12/06/17		846,184
	975,000	General Electric Co		2.700		10/09/22		957,491
	400,000	General Electric Co		3.375		03/11/24		407,586
	1,075,000	General Electric Co		4.125		10/09/42		1,061,724
	250,000	General Electric Co		4.500		03/11/44		260,485
	300,000	Harris Corp		4.400		12/15/20		322,471
	600,000	Hewlett-Packard Co		2.125		09/13/15		610,575
	1,900,000	Hewlett-Packard Co		3.000		09/15/16		1,978,571
	175,000	Hewlett-Packard Co		2.600		09/15/17		180,871
	325,000	Hewlett-Packard Co		2.750		01/14/19		333,242
	700,000	Hewlett-Packard Co		3.750		12/01/20		731,674
	200,000	Hewlett-Packard Co		4.375		09/15/21		214,452
	100,000	Hewlett-Packard Co		4.650		12/09/21		109,101
	200,000	Hewlett-Packard Co		4.050		09/15/22		207,977
	650,000	Hewlett-Packard Co		6.000		09/15/41		748,174
	200,000	Ingram Micro, Inc		5.000		08/10/22		209,306
	85,000	International Game Technology		7.500		06/15/19		96,624
	500,000	International Game Technology		5.350		10/15/23		523,836
	547,000	Koninklijke Philips Electronics NV		5.750		03/11/18		623,828
	100,000	Koninklijke Philips Electronics NV		6.875		03/11/38		134,203
	300,000	Koninklijke Philips Electronics NV		5.000		03/15/42		329,672

79

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	100,000	L-3 Communications Corp		3.950	%	11/15/16	$	106,297
	100,000	L-3 Communications Corp		1.500		05/28/17		100,137
	420,000	L-3 Communications Corp		5.200		10/15/19		472,495
	300,000	L-3 Communications Corp		4.950		02/15/21		332,469
	150,000	L-3 Communications Corp		3.950		05/28/24		151,024
	100,000	Lexmark International, Inc		6.650		06/01/18		113,442
	100,000	Lexmark International, Inc		5.125		03/15/20		106,521
	200,000	Motorola Solutions, Inc		6.000		11/15/17		227,092
	200,000	Motorola Solutions, Inc		3.750		05/15/22		198,834
	250,000	Motorola Solutions, Inc		3.500		03/01/23		241,878
	200,000	NetApp, Inc		2.000		12/15/17		202,946
	200,000	NetApp, Inc		3.375		06/15/21		200,332
	200,000	NetApp, Inc		3.250		12/15/22		192,587
	500,000	Pitney Bowes, Inc		4.625		03/15/24		517,175
	100,000	Tech Data Corp		3.750		09/21/17		104,774
	200,000	Telefonaktiebolaget LM Ericsson		4.125		05/15/22		207,882
	225,000	Tyco Electronics Group S.A.		6.550		10/01/17		260,367
	200,000	Tyco Electronics Group S.A.		2.375		12/17/18		201,565
	250,000	Tyco Electronics Group S.A.		3.500		02/03/22		255,416
	330,000	Xerox Corp		4.250		02/15/15		337,599
	100,000	Xerox Corp		2.950		03/15/17		104,386
	250,000	Xerox Corp		6.350		05/15/18		290,498
	100,000	Xerox Corp		2.750		03/15/19		101,860
	700,000	Xerox Corp		5.625		12/15/19		803,555
	200,000	Xerox Corp		2.800		05/15/20		199,677
	200,000	Xerox Corp		6.750		12/15/39		242,505
		TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						33,744,210
TELECOMMUNICATION SERVICES - 1.5%
	200,000	America Movil SAB de C.V.		3.625		03/30/15		204,300
	500,000	America Movil SAB de C.V.		2.375		09/08/16		514,115
	1,430,000	America Movil SAB de C.V.		5.000		03/30/20		1,585,398
	950,000	America Movil SAB de C.V.		3.125		07/16/22		934,800
	440,000	America Movil SAB de C.V.		6.125		03/30/40		518,241
	525,000	America Movil SAB de C.V.		4.375		07/16/42		495,859
	1,150,000	American Tower Corp		4.500		01/15/18		1,253,031
	200,000	American Tower Corp		4.700		03/15/22		215,074
	250,000	American Tower Corp		3.500		01/31/23		245,160
	800,000	American Tower Corp		5.000		02/15/24		868,902
	350,000	AT&T, Inc		5.100		09/15/14		353,047
	1,765,000	AT&T, Inc		2.500		08/15/15		1,803,322
	400,000	AT&T, Inc		0.800		12/01/15		401,043
	600,000	AT&T, Inc		0.900		02/12/16		601,588
	150,000	AT&T, Inc		2.950		05/15/16		155,901
	600,000	AT&T, Inc		1.600		02/15/17		607,022
	750,000	AT&T, Inc		1.700		06/01/17		758,721
	325,000	AT&T, Inc		1.400		12/01/17		323,637
	300,000	AT&T, Inc		2.375		11/27/18		305,031
	950,000	AT&T, Inc		5.800		02/15/19		1,105,333
	500,000	AT&T, Inc		2.300		03/11/19		504,781
	500,000	AT&T, Inc		4.450		05/15/21		549,034
	3,300,000	AT&T, Inc		3.000		02/15/22		3,285,236

80

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	400,000	AT&T, Inc		2.625	%	12/01/22	$	383,264
	500,000	AT&T, Inc		3.900		03/11/24		517,293
	322,000	AT&T, Inc		5.350		09/01/40		350,246
	1,200,000	AT&T, Inc		5.550		08/15/41		1,345,502
	2,066,000	AT&T, Inc		4.300		12/15/42		1,955,707
	750,000	AT&T, Inc		4.800		06/15/44		765,644
	1,854,000	AT&T, Inc		4.350		06/15/45		1,757,440
	250,000	British Telecommunications plc		2.000		06/22/15		253,549
	300,000	British Telecommunications plc		1.625		06/28/16		304,132
	400,000	British Telecommunications plc		5.950		01/15/18		457,512
	1,000,000	British Telecommunications plc		2.350		02/14/19		1,008,310
	650,000	British Telecommunications plc		9.625		12/15/30		1,035,289
	450,000	Deutsche Telekom International Finance BV		5.750		03/23/16		486,749
	850,000	Deutsche Telekom International Finance BV		6.000		07/08/19		997,468
	740,000	Deutsche Telekom International Finance BV		8.750		06/15/30		1,082,246
	1,000,000	Embarq Corp		7.995		06/01/36		1,092,500
	495,000	France Telecom S.A.		2.125		09/16/15		502,615
	700,000	France Telecom S.A.		4.125		09/14/21		751,738
	745,000	France Telecom S.A.		9.000		03/01/31		1,121,261
	100,000	France Telecom S.A.		5.375		01/13/42		110,038
	250,000	Koninklijke KPN NV		8.375		10/01/30		354,263
	150,000	Nippon Telegraph & Telephone Corp		1.400		07/18/17		150,886
	400,000	Orange S.A.		2.750		02/06/19		409,742
	400,000	Orange S.A.		5.500		02/06/44		446,728
	400,000	Qwest Corp		7.500		10/01/14		406,770
	300,000	Qwest Corp		6.500		06/01/17		341,078
	400,000	Qwest Corp		6.750		12/01/21		463,096
	125,000	Rogers Communications, Inc		4.500		03/15/43		121,464
	350,000	Rogers Communications, Inc		7.500		03/15/15		366,919
	600,000	Rogers Communications, Inc		6.800		08/15/18		713,070
	200,000	Rogers Communications, Inc		4.100		10/01/23		208,499
	300,000	Rogers Communications, Inc		5.450		10/01/43		331,477
	300,000	Rogers Communications, Inc		5.000		03/15/44		312,844
	600,000	Telefonica Emisiones SAU		3.992		02/16/16		628,199
	400,000	Telefonica Emisiones SAU		3.192		04/27/18		418,030
	2,020,000	Telefonica Emisiones SAU		5.134		04/27/20		2,255,423
	500,000	Telefonica Emisiones SAU		4.570		04/27/23		531,055
	300,000	Telefonica Emisiones SAU		7.045		06/20/36		382,647
	392,000	Telefonica Europe BV		8.250		09/15/30		536,021
	100,000	Telefonos de Mexico SAB de C.V.		5.500		01/27/15		102,445
	100,000	Telefonos de Mexico SAB de C.V.		5.500		11/15/19		114,679
	2,500,000	Verizon Communications, Inc		2.500		09/15/16		2,576,857
	500,000	Verizon Communications, Inc		1.350		06/09/17		499,833
	3,400,000	Verizon Communications, Inc		3.650		09/14/18		3,636,235
	700,000	Verizon Communications, Inc		6.350		04/01/19		827,826
	200,000	Verizon Communications, Inc		2.550		06/17/19		202,892
	2,500,000	Verizon Communications, Inc		4.500		09/15/20		2,749,980
	500,000	Verizon Communications, Inc		3.450		03/15/21		516,702
	950,000	Verizon Communications, Inc		3.500		11/01/21		978,737
	500,000	Verizon Communications, Inc		2.450		11/01/22		469,052
	2,250,000	Verizon Communications, Inc		5.150		09/15/23		2,517,959
	1,350,000	Verizon Communications, Inc		4.150		03/15/24		1,409,605

81

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,550,000		Verizon Communications, Inc		6.400	%	09/15/33	$	1,898,654
	475,000		Verizon Communications, Inc		5.050		03/15/34		506,951
	380,000		Verizon Communications, Inc		6.250		04/01/37		461,133
	620,000		Verizon Communications, Inc		6.400		02/15/38		757,230
	300,000		Verizon Communications, Inc		6.000		04/01/41		351,375
	1,150,000		Verizon Communications, Inc		4.750		11/01/41		1,160,545
	1,425,000		Verizon Communications, Inc		3.850		11/01/42		1,254,660
	4,775,000		Verizon Communications, Inc		6.550		09/15/43		6,009,056
	250,000		Vodafone Group plc		1.625		03/20/17		252,014
	500,000		Vodafone Group plc		1.250		09/26/17		496,985
	400,000		Vodafone Group plc		1.500		02/19/18		397,337
	1,500,000		Vodafone Group plc		5.450		06/10/19		1,720,918
	650,000		Vodafone Group plc		4.375		03/16/21		707,337
	500,000		Vodafone Group plc		2.500		09/26/22		469,429
	400,000		Vodafone Group plc		2.950		02/19/23		386,745
	150,000		Vodafone Group plc		6.150		02/27/37		178,239
	400,000		Vodafone Group plc		4.375		02/19/43		381,470
			TOTAL TELECOMMUNICATION SERVICES						77,238,170
TRANSPORTATION - 0.6%
	100,000		ABB Finance USA, Inc		1.625		05/08/17		101,258
	500,000		ABB Finance USA, Inc		2.875		05/08/22		496,477
	150,000		ABB Finance USA, Inc		4.375		05/08/42		153,093
	388,160	g	American Airlines		4.950		01/15/23		420,183
	486,454	g	American Airlines		4.000		07/15/25		495,575
	200,000		Boeing Capital Corp		2.125		08/15/16		205,816
	700,000		Boeing Capital Corp		2.900		08/15/18		737,967
	625,000		Boeing Co		0.950		05/15/18		610,513
	750,000		Boeing Co		3.750		11/20/16		800,938
	350,000		Boeing Co		5.875		02/15/40		440,810
	555,000		Burlington Northern Santa Fe Corp		4.700		10/01/19		627,513
	360,000		Burlington Northern Santa Fe Corp		5.750		05/01/40		430,169
	500,000		Burlington Northern Santa Fe LLC		4.100		06/01/21		539,188
	300,000		Burlington Northern Santa Fe LLC		3.050		03/15/22		301,472
	150,000		Burlington Northern Santa Fe LLC		3.050		09/01/22		149,609
	500,000		Burlington Northern Santa Fe LLC		3.850		09/01/23		520,843
	500,000		Burlington Northern Santa Fe LLC		3.750		04/01/24		516,006
	250,000		Burlington Northern Santa Fe LLC		5.050		03/01/41		270,814
	200,000		Burlington Northern Santa Fe LLC		4.400		03/15/42		198,257
	200,000		Burlington Northern Santa Fe LLC		4.450		03/15/43		198,873
	500,000		Burlington Northern Santa Fe LLC		5.150		09/01/43		551,184
	500,000		Burlington Northern Santa Fe LLC		4.900		04/01/44		534,495
	200,000		Canadian National Railway Co		5.550		05/15/18		227,027
	200,000		Canadian National Railway Co		5.550		03/01/19		231,077
	100,000		Canadian National Railway Co		2.850		12/15/21		100,360
	300,000		Canadian National Railway Co		2.250		11/15/22		283,328
	200,000		Canadian National Railway Co		6.900		07/15/28		267,055
	200,000		Canadian National Railway Co		6.250		08/01/34		256,201
	250,000		Canadian National Railway Co		3.500		11/15/42		223,441
	100,000		Canadian National Railway Co		4.500		11/07/43		106,259
	200,000		Canadian Pacific Railway Co		7.250		05/15/19		245,770
	200,000		Canadian Pacific Railway Co		7.125		10/15/31		264,315

82

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	250,000		Canadian Pacific Railway Co		5.950	%	05/15/37	$	310,505
	100,000		Canadian Pacific Railway Co		5.750		01/15/42		121,428
	200,000		Carnival Corp		1.875		12/15/17		201,157
	200,000		Carnival Corp		3.950		10/15/20		211,396
	413,042		Continental Airlines, Inc		4.750		01/12/21		447,118
	28,653		Continental Airlines, Inc		5.983		04/19/22		32,092
	194,328		Continental Airlines, Inc		4.000		10/29/24		198,214
	100,000		Con-Way, Inc		7.250		01/15/18		116,608
	850,000		CSX Corp		7.375		02/01/19		1,040,456
	125,000		CSX Corp		3.700		11/01/23		128,735
	100,000		CSX Corp		6.000		10/01/36		122,712
	200,000		CSX Corp		6.150		05/01/37		247,102
	400,000		CSX Corp		5.500		04/15/41		462,574
	350,000		CSX Corp		4.400		03/01/43		347,179
	100,000		CSX Corp		4.100		03/15/44		94,262
	360,888		Delta Air Lines, Inc		5.300		04/15/19		397,879
	179,358		Delta Air Lines, Inc		4.750		05/07/20		194,604
	184,000	g	Embraer Overseas Ltd		5.696		09/16/23		198,959
	100,000		Embraer S.A.		5.150		06/15/22		107,750
	134,000		FedEx Corp		8.000		01/15/19		167,708
	300,000		FedEx Corp		4.000		01/15/24		312,660
	1,000,000		FedEx Corp		4.900		01/15/34		1,073,275
	200,000		FedEx Corp		3.875		08/01/42		179,599
	100,000		GATX Corp		3.500		07/15/16		104,769
	443,000		GATX Corp		1.250		03/04/17		441,476
	100,000		GATX Corp		2.375		07/30/18		100,874
	200,000		GATX Corp		2.500		03/15/19		201,287
	225,000		GATX Corp		5.200		03/15/44		239,783
	250,000		Hawaiian Airlines Pass Through Certificates		3.900		01/15/26		248,750
	100,000		JB Hunt Transport Services, Inc		2.400		03/15/19		100,443
	100,000		Kansas City Southern de Mexico S.A. de C.V.		3.000		05/15/23		94,631
	100,000		Kansas City Southern Railway Co		4.300		05/15/43		94,926
	210,000		Norfolk Southern Corp		5.750		04/01/18		239,801
	100,000		Norfolk Southern Corp		3.250		12/01/21		102,536
	250,000		Norfolk Southern Corp		3.000		04/01/22		249,976
	1,291,000		Norfolk Southern Corp		2.903		02/15/23		1,256,971
	200,000		Norfolk Southern Corp		3.850		01/15/24		208,152
	81,000		Norfolk Southern Corp		5.590		05/17/25		92,062
	16,000		Norfolk Southern Corp		4.837		10/01/41		16,972
	750,000		Norfolk Southern Corp		3.950		10/01/42		704,966
	200,000		Norfolk Southern Corp		4.800		08/15/43		212,780
	250,000		Northrop Grumman Corp		1.750		06/01/18		248,781
	650,000		Northrop Grumman Corp		3.500		03/15/21		676,148
	400,000		Northrop Grumman Corp		3.250		08/01/23		397,008
	100,000		Northrop Grumman Corp		5.050		11/15/40		108,603
	400,000		Northrop Grumman Corp		4.750		06/01/43		417,082
	350,000		Ryder System, Inc		3.150		03/02/15		356,246
	50,000		Ryder System, Inc		3.600		03/01/16		52,297
	150,000		Ryder System, Inc		2.500		03/01/17		154,851
	150,000		Ryder System, Inc		2.500		03/01/18		154,073
	200,000		Ryder System, Inc		2.450		11/15/18		203,681
	100,000		Ryder System, Inc		2.550		06/01/19		101,230

83

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	200,000	Ryder System, Inc		2.450	%	09/03/19	$	200,764
	325,000	Southwest Airlines Co		5.250		10/01/14		328,436
	100,000	Union Pacific Corp		2.250		02/15/19		101,763
	331,000	Union Pacific Corp		4.163		07/15/22		360,767
	500,000	Union Pacific Corp		2.950		01/15/23		498,276
	277,000	Union Pacific Corp		3.646		02/15/24		288,389
	200,000	Union Pacific Corp		3.750		03/15/24		209,549
	100,000	Union Pacific Corp		4.750		09/15/41		108,947
	100,000	Union Pacific Corp		4.300		06/15/42		101,133
	150,000	Union Pacific Corp		4.250		04/15/43		151,233
	250,000	Union Pacific Corp		4.750		12/15/43		271,592
	200,000	Union Pacific Corp		4.821		02/01/44		218,610
	200,000	Union Pacific Corp		4.850		06/15/44		221,135
	300,000	United Airlines Pass Through Trust		4.300		08/15/25		309,000
	100,000	United Parcel Service, Inc		1.125		10/01/17		99,947
	100,000	United Parcel Service, Inc		5.500		01/15/18		114,060
	300,000	United Parcel Service, Inc		5.125		04/01/19		343,350
	1,105,000	United Parcel Service, Inc		3.125		01/15/21		1,152,081
	200,000	United Parcel Service, Inc		2.450		10/01/22		194,068
	35,000	United Parcel Service, Inc		6.200		01/15/38		45,589
	450,000	United Parcel Service, Inc		3.625		10/01/42		415,143
	191,182	US Airways Pass Through Trust		4.625		06/03/25		201,219
	300,000	US Airways Pass Through Trust		3.950		11/15/25		304,500
		TOTAL TRANSPORTATION						32,040,564
UTILITIES - 2.2%
	370,000	AGL Capital Corp		5.250		08/15/19		418,933
	275,000	AGL Capital Corp		4.400		06/01/43		280,855
	200,000	Alabama Power Co		0.550		10/15/15		200,142
	475,000	Alabama Power Co		3.550		12/01/23		492,087
	300,000	Alabama Power Co		5.200		06/01/41		349,163
	200,000	Alabama Power Co		3.850		12/01/42		191,982
	60,000	Alliant Energy Corp		4.000		10/15/14		60,648
	600,000	Ameren Illinois Co		2.700		09/01/22		589,777
	100,000	Ameren Illinois Co		4.800		12/15/43		110,088
	200,000	Ameren Illinois Co		4.300		07/01/44		201,695
	500,000	American Water Capital Corp		3.850		03/01/24		516,115
	125,000	American Water Capital Corp		4.300		12/01/42		125,813
	50,000	Appalachian Power Co		3.400		05/24/15		51,210
	140,000	Appalachian Power Co		7.000		04/01/38		190,734
	500,000	Appalachian Power Co		4.400		05/15/44		502,482
	150,000	Arizona Public Service Co		8.750		03/01/19		193,396
	200,000	Arizona Public Service Co		3.350		06/15/24		201,585
	350,000	Arizona Public Service Co		4.500		04/01/42		365,342
	200,000	Arizona Public Service Co		4.700		01/15/44		217,555
	60,000	Atmos Energy Corp		4.950		10/15/14		60,778
	100,000	Atmos Energy Corp		8.500		03/15/19		127,893
	100,000	Atmos Energy Corp		5.500		06/15/41		120,309
	125,000	Atmos Energy Corp		4.150		01/15/43		124,176
	100,000	Baltimore Gas & Electric Co		3.500		11/15/21		103,844
	400,000	Baltimore Gas & Electric Co		3.350		07/01/23		406,035
	200,000	Berkshire Hathaway Energy Co		1.100		05/15/17		199,184

84

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	200,000		Berkshire Hathaway Energy Co		2.000	%	11/15/18	$	200,334
	200,000		Berkshire Hathaway Energy Co		3.750		11/15/23		206,039
	200,000		Berkshire Hathaway Energy Co		5.150		11/15/43		224,237
	200,000		Black Hills Corp		4.250		11/30/23		211,832
	785,000		Carolina Power & Light Co		5.300		01/15/19		897,907
	350,000		Carolina Power & Light Co		3.000		09/15/21		356,912
	150,000		Carolina Power & Light Co		2.800		05/15/22		149,200
	100,000		Carolina Power & Light Co		4.100		05/15/42		99,016
	300,000		Carolina Power & Light Co		4.100		03/15/43		296,008
	400,000		CenterPoint Energy Houston Electric LLC		2.250		08/01/22		384,302
	100,000		CenterPoint Energy Houston Electric LLC		6.950		03/15/33		136,486
	100,000		CenterPoint Energy Houston Electric LLC		3.550		08/01/42		91,976
	300,000		CenterPoint Energy Houston Electric LLC		4.500		04/01/44		316,513
	423,000		CenterPoint Energy Resources Corp		4.500		01/15/21		464,704
	203,000		Cleco Power LLC		6.000		12/01/40		248,695
	200,000		CMS Energy Corp		3.875		03/01/24		207,827
	100,000		CMS Energy Corp		4.700		03/31/43		102,066
	500,000		Commonwealth Edison Co		1.950		09/01/16		513,240
	300,000		Commonwealth Edison Co		2.150		01/15/19		302,466
	775,000		Commonwealth Edison Co		4.000		08/01/20		836,568
	387,000		Commonwealth Edison Co		5.900		03/15/36		482,616
	200,000		Commonwealth Edison Co		3.800		10/01/42		188,101
	300,000		Commonwealth Edison Co		4.600		08/15/43		322,165
	300,000		Commonwealth Edison Co		4.700		01/15/44		327,410
	200,000		Connecticut Light & Power Co		2.500		01/15/23		190,829
	200,000		Connecticut Light & Power Co		4.300		04/15/44		204,068
	60,000		Consolidated Edison Co of New York, Inc		6.650		04/01/19		72,242
	1,390,000		Consolidated Edison Co of New York, Inc		4.450		06/15/20		1,542,315
	325,000		Consolidated Edison Co of New York, Inc		5.700		06/15/40		394,004
	200,000		Consolidated Edison Co of New York, Inc		4.200		03/15/42		197,737
	550,000		Consolidated Edison Co of New York, Inc		3.950		03/01/43		524,562
	600,000		Consolidated Edison Co of New York, Inc		4.450		03/15/44		613,985
	105,000		Consolidated Natural Gas Co		5.000		12/01/14		106,968
	480,000		Constellation Energy Group, Inc		4.550		06/15/15		497,649
	800,000		Consumers Energy Co		5.500		08/15/16		878,420
	230,000		Consumers Energy Co		6.125		03/15/19		271,810
	150,000		Consumers Energy Co		2.850		05/15/22		150,144
	200,000		Consumers Energy Co		3.375		08/15/23		205,681
	250,000		Consumers Energy Co		3.950		05/15/43		243,277
	300,000	g	Dayton Power & Light Co		1.875		09/15/16		305,081
	200,000		Delmarva Power & Light Co		3.500		11/15/23		205,454
	400,000		Detroit Edison Co		3.450		10/01/20		420,430
	100,000		Detroit Edison Co		2.650		06/15/22		98,263
	100,000		Detroit Edison Co		3.950		06/15/42		96,552
	200,000	g	Dominion Gas Holdings LLC		3.550		11/01/23		203,883
	200,000	g	Dominion Gas Holdings LLC		4.800		11/01/43		212,764
	360,000		Dominion Resources, Inc		5.150		07/15/15		376,874
	100,000		Dominion Resources, Inc		1.400		09/15/17		99,823
	1,700,000		Dominion Resources, Inc		4.450		03/15/21		1,868,470
	500,000		Dominion Resources, Inc		2.750		09/15/22		488,253
	200,000		Dominion Resources, Inc		5.950		06/15/35		241,840
	100,000		Dominion Resources, Inc		4.050		09/15/42		92,850

85

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	200,000		DTE Electric Co		3.650	%	03/15/24	$	207,684
	200,000	h	DTE Electric Co		3.375		03/01/25		201,714
	200,000		DTE Electric Co		4.000		04/01/43		194,172
	200,000	h	DTE Electric Co		4.300		07/01/44		202,145
	200,000		DTE Energy Co		3.850		12/01/23		208,487
	200,000		DTE Energy Co		3.500		06/01/24		201,729
	125,000		Duke Energy Carolinas LLC		4.300		06/15/20		138,103
	500,000		Duke Energy Carolinas LLC		4.000		09/30/42		486,778
	500,000		Duke Energy Corp		2.100		06/15/18		505,512
	746,000		Duke Energy Corp		5.050		09/15/19		844,869
	300,000		Duke Energy Corp		3.050		08/15/22		298,796
	300,000		Duke Energy Corp		3.950		10/15/23		315,570
	200,000		Duke Energy Corp		3.750		04/15/24		205,422
	250,000		Duke Energy Indiana, Inc		4.200		03/15/42		250,814
	200,000		Duke Energy Indiana, Inc		4.900		07/15/43		221,573
	500,000		Duke Energy Ohio, Inc		3.800		09/01/23		527,875
	400,000		Duke Energy Progress, Inc		4.375		03/30/44		417,382
	50,000		Empresa Nacional de Electricidad S.A.		4.250		04/15/24		50,278
	100,000		Enbridge, Inc		5.600		04/01/17		111,263
	300,000		Enbridge, Inc		4.000		10/01/23		312,084
	300,000		Enbridge, Inc		4.500		06/10/44		296,111
	150,000		Energen Corp		4.625		09/01/21		149,350
	400,000		Energy Transfer Partners LP		6.125		02/15/17		445,640
	44,000		Energy Transfer Partners LP		9.700		03/15/19		57,674
	500,000		Energy Transfer Partners LP		4.650		06/01/21		538,596
	200,000		Energy Transfer Partners LP		5.200		02/01/22		221,322
	200,000		Energy Transfer Partners LP		3.600		02/01/23		198,160
	500,000		Energy Transfer Partners LP		4.900		02/01/24		536,928
	140,000		Energy Transfer Partners LP		7.500		07/01/38		182,013
	450,000		Energy Transfer Partners LP		6.500		02/01/42		537,442
	200,000		Energy Transfer Partners LP		5.150		02/01/43		205,419
	200,000		Energy Transfer Partners LP		5.950		10/01/43		226,473
	200,000		EnLink Midstream Partners LP		2.700		04/01/19		202,849
	200,000		EnLink Midstream Partners LP		5.600		04/01/44		223,300
	125,000		Entergy Arkansas, Inc		3.750		02/15/21		133,011
	300,000		Entergy Arkansas, Inc		3.050		06/01/23		296,392
	175,000		Entergy Arkansas, Inc		3.700		06/01/24		181,684
	200,000		Entergy Corp		3.625		09/15/15		206,358
	200,000		Entergy Corp		5.125		09/15/20		221,974
	150,000		Entergy Louisiana LLC		1.875		12/15/14		151,101
	200,000		Entergy Louisiana LLC		4.050		09/01/23		212,974
	225,000		Entergy Texas, Inc		7.125		02/01/19		272,049
	75,000		Exelon Corp		4.900		06/15/15		77,965
	200,000		Exelon Generation Co LLC		4.250		06/15/22		208,831
	371,000		Exelon Generation Co LLC		5.600		06/15/42		401,972
	400,000		Florida Power & Light Co		2.750		06/01/23		393,580
	500,000		Florida Power & Light Co		3.250		06/01/24		503,955
	247,000		Florida Power & Light Co		4.950		06/01/35		278,908
	400,000		Florida Power & Light Co		5.250		02/01/41		474,776
	100,000		Florida Power & Light Co		4.125		02/01/42		100,413
	200,000		Florida Power & Light Co		4.050		06/01/42		198,186
	450,000		Florida Power & Light Co		3.800		12/15/42		428,918

86

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	29,000		Florida Power Corp		5.650	%	06/15/18	$	33,122
	1,200,000		Florida Power Corp		3.100		08/15/21		1,230,397
	165,000		Florida Power Corp		6.400		06/15/38		220,708
	300,000		Florida Power Corp		3.850		11/15/42		285,079
	690,000		FPL Group Capital, Inc		2.600		09/01/15		704,969
	300,000		Georgia Power Co		0.625		11/15/15		300,084
	900,000		Georgia Power Co		5.700		06/01/17		1,014,089
	177,000		Georgia Power Co		5.950		02/01/39		220,116
	700,000		Georgia Power Co		4.300		03/15/43		702,295
	200,000		Great Plains Energy, Inc		4.850		06/01/21		221,015
	200,000	i	Great Plains Energy, Inc		5.292		06/15/22		228,618
	80,000		Indiana Michigan Power Co		7.000		03/15/19		97,184
	200,000		Indiana Michigan Power Co		3.200		03/15/23		198,552
	70,000		Integrys Energy Group, Inc		4.170		11/01/20		73,698
	100,000		Interstate Power & Light Co		6.250		07/15/39		129,354
	200,000		Interstate Power & Light Co		4.700		10/15/43		217,470
	200,000		ITC Holdings Corp		4.050		07/01/23		207,704
	300,000		ITC Holdings Corp		3.650		06/15/24		298,973
	225,000		Kansas City Power & Light Co		3.150		03/15/23		224,297
	100,000		Kansas City Power & Light Co		5.300		10/01/41		111,642
	20,000	g	Kansas Gas & Electric		6.700		06/15/19		24,004
	175,000		Kentucky Utilities Co		4.650		11/15/43		188,838
	250,000		KeySpan Corp		5.803		04/01/35		290,654
	400,000		Kinder Morgan Energy Partners LP		5.950		02/15/18		456,401
	300,000		Kinder Morgan Energy Partners LP		2.650		02/01/19		303,627
	500,000		Kinder Morgan Energy Partners LP		9.000		02/01/19		640,827
	500,000		Kinder Morgan Energy Partners LP		3.500		03/01/21		507,036
	100,000		Kinder Morgan Energy Partners LP		5.800		03/01/21		114,251
	1,200,000		Kinder Morgan Energy Partners LP		3.950		09/01/22		1,227,356
	350,000		Kinder Morgan Energy Partners LP		3.450		02/15/23		339,655
	200,000		Kinder Morgan Energy Partners LP		3.500		09/01/23		194,240
	300,000		Kinder Morgan Energy Partners LP		4.150		02/01/24		304,271
	535,000		Kinder Morgan Energy Partners LP		6.500		09/01/39		631,127
	300,000		Kinder Morgan Energy Partners LP		5.625		09/01/41		320,706
	200,000		Kinder Morgan Energy Partners LP		5.000		08/15/42		198,802
	500,000		Kinder Morgan Energy Partners LP		5.000		03/01/43		496,222
	400,000		Kinder Morgan Energy Partners LP		5.500		03/01/44		422,247
	320,000		LG&E and KU Energy LLC		3.750		11/15/20		338,579
	125,000		Louisville Gas & Electric Co		4.650		11/15/43		134,885
	880,000		Metropolitan Edison Co		7.700		01/15/19		1,074,664
	200,000		MidAmerican Energy Co		3.500		10/15/24		204,314
	200,000		MidAmerican Energy Co		4.400		10/15/44		204,734
	300,000		MidAmerican Energy Co		2.400		03/15/19		305,632
	200,000		MidAmerican Energy Co		3.700		09/15/23		209,437
	200,000		MidAmerican Energy Co		4.800		09/15/43		218,654
	350,000		MidAmerican Energy Holdings Co		5.750		04/01/18		400,558
	1,032,000		MidAmerican Energy Holdings Co		5.950		05/15/37		1,259,450
	300,000		MidAmerican Energy Holdings Co		6.500		09/15/37		386,863
	750,000		Mississippi Power Co		4.250		03/15/42		734,435
	100,000		National Fuel Gas Co		4.900		12/01/21		109,026
	200,000		National Fuel Gas Co		3.750		03/01/23		197,573
	820,000		Nevada Power Co		6.500		08/01/18		969,551

87

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	45,000		Nevada Power Co		7.125	%	03/15/19	$	55,074
	230,000		Nevada Power Co		5.375		09/15/40		270,649
	700,000		NextEra Energy Capital Holdings, Inc		1.200		06/01/15		704,260
	200,000		NextEra Energy Capital Holdings, Inc		2.400		09/15/19		201,078
	100,000		NextEra Energy Capital Holdings, Inc		2.700		09/15/19		102,000
	500,000		NextEra Energy Capital Holdings, Inc		4.500		06/01/21		545,966
	235,000		NiSource Finance Corp		5.400		07/15/14		235,423
	350,000		NiSource Finance Corp		6.400		03/15/18		402,123
	150,000		NiSource Finance Corp		6.125		03/01/22		177,290
	400,000		NiSource Finance Corp		3.850		02/15/23		410,196
	100,000		NiSource Finance Corp		5.950		06/15/41		115,802
	200,000		NiSource Finance Corp		5.250		02/15/43		215,426
	150,000		NiSource Finance Corp		4.800		02/15/44		151,650
	300,000		NiSource Finance Corp		5.650		02/01/45		337,778
	300,000		Northeast Utilities		2.800		05/01/23		288,898
	150,000		Northern States Power Co		2.150		08/15/22		142,479
	300,000		Northern States Power Co		2.600		05/15/23		289,439
	425,000		Northern States Power Co		5.350		11/01/39		502,604
	200,000		Northern States Power Co		3.400		08/15/42		176,307
	300,000		Northern States Power Co		4.125		05/15/44		300,514
	150,000		NSTAR Electric Co		5.625		11/15/17		169,698
	200,000		NSTAR Electric Co		2.375		10/15/22		189,953
	500,000		Oglethorpe Power Corp		4.200		12/01/42		485,458
	300,000		Oglethorpe Power Corp		4.550		06/01/44		302,463
	250,000		Ohio Edison Co		8.250		10/15/38		386,105
	600,000		Ohio Power Co		5.375		10/01/21		700,385
	100,000		Oklahoma Gas & Electric Co		5.250		05/15/41		115,399
	400,000		Oklahoma Gas & Electric Co		3.900		05/01/43		384,580
	220,000		Oncor Electric Delivery Co LLC		6.375		01/15/15		226,687
	200,000		Oncor Electric Delivery Co LLC		6.800		09/01/18		237,814
	100,000	g	Oncor Electric Delivery Co LLC		2.150		06/01/19		100,093
	150,000		Oncor Electric Delivery Co LLC		4.100		06/01/22		161,255
	70,000		Oncor Electric Delivery Co LLC		7.250		01/15/33		98,433
	100,000		Oncor Electric Delivery Co LLC		5.250		09/30/40		116,072
	550,000		Oncor Electric Delivery Co LLC		4.550		12/01/41		581,172
	150,000		Oncor Electric Delivery Co LLC		5.300		06/01/42		176,423
	250,000		ONEOK Partners LP		3.250		02/01/16		259,743
	100,000		ONEOK Partners LP		2.000		10/01/17		101,365
	200,000		ONEOK Partners LP		3.200		09/15/18		208,681
	400,000		ONEOK Partners LP		3.375		10/01/22		397,394
	200,000		ONEOK Partners LP		5.000		09/15/23		220,830
	130,000		ONEOK Partners LP		6.650		10/01/36		159,997
	250,000		ONEOK Partners LP		6.850		10/15/37		315,007
	100,000		ONEOK Partners LP		6.125		02/01/41		118,095
	355,000		Pacific Gas & Electric Co		8.250		10/15/18		443,555
	400,000		Pacific Gas & Electric Co		3.250		06/15/23		399,502
	175,000		Pacific Gas & Electric Co		3.850		11/15/23		182,180
	200,000		Pacific Gas & Electric Co		3.750		02/15/24		206,759
	420,000		Pacific Gas & Electric Co		6.050		03/01/34		519,419
	600,000		Pacific Gas & Electric Co		5.400		01/15/40		684,475
	400,000		Pacific Gas & Electric Co		4.500		12/15/41		409,570
	150,000		Pacific Gas & Electric Co		3.750		08/15/42		137,073

88

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	400,000	Pacific Gas & Electric Co		4.600	%	06/15/43	$	415,712
	200,000	Pacific Gas & Electric Co		5.125		11/15/43		224,130
	100,000	Pacific Gas & Electric Co		4.750		02/15/44		106,452
	250,000	PacifiCorp		2.950		02/01/22		253,293
	200,000	PacifiCorp		2.950		06/01/23		197,507
	300,000	PacifiCorp		3.600		04/01/24		311,084
	850,000	PacifiCorp		6.000		01/15/39		1,073,774
	150,000	PECO Energy Co		2.375		09/15/22		144,116
	200,000	PECO Energy Co		4.800		10/15/43		223,008
	165,000	Pepco Holdings, Inc		2.700		10/01/15		168,251
	300,000	PG&E Corp		2.400		03/01/19		302,706
	200,000	Piedmont Natural Gas Co, Inc		4.650		08/01/43		214,204
	200,000	Potomac Electric Power Co		3.600		03/15/24		206,013
	65,000	Potomac Electric Power Co		7.900		12/15/38		100,726
	200,000	Potomac Electric Power Co		4.150		03/15/43		200,668
	300,000	PPL Capital Funding, Inc		4.200		06/15/22		320,777
	200,000	PPL Capital Funding, Inc		3.500		12/01/22		203,266
	400,000	PPL Capital Funding, Inc		3.400		06/01/23		400,572
	100,000	PPL Capital Funding, Inc		3.950		03/15/24		103,870
	200,000	PPL Electric Utilities Corp		2.500		09/01/22		195,417
	300,000	PPL Electric Utilities Corp		4.750		07/15/43		331,303
	200,000	PPL Electric Utilities Corp		4.125		06/15/44		198,132
	225,000	PPL Energy Supply LLC		6.500		05/01/18		250,979
	100,000	PPL Energy Supply LLC		4.600		12/15/21		99,586
	300,000	Progress Energy, Inc		3.150		04/01/22		300,893
	900,000	Progress Energy, Inc		7.750		03/01/31		1,271,982
	200,000	PSEG Power LLC		5.320		09/15/16		218,662
	100,000	PSEG Power LLC		2.450		11/15/18		101,203
	150,000	Public Service Co of Colorado		2.250		09/15/22		143,075
	200,000	Public Service Co of Colorado		2.500		03/15/23		191,853
	150,000	Public Service Co of Colorado		3.600		09/15/42		138,003
	100,000	Public Service Co of Colorado		4.300		03/15/44		103,591
	200,000	Public Service Co of New Hampshire		3.500		11/01/23		206,169
	520,000	Public Service Co of Oklahoma		5.150		12/01/19		586,560
	100,000	Public Service Co of Oklahoma		4.400		02/01/21		109,638
	150,000	Public Service Co of Oklahoma		6.625		11/15/37		195,012
	220,000	Public Service Electric & Gas Co		5.300		05/01/18		249,687
	200,000	Public Service Electric & Gas Co		2.300		09/15/18		204,848
	500,000	Public Service Electric & Gas Co		1.800		06/01/19		495,458
	200,000	Public Service Electric & Gas Co		3.750		03/15/24		210,024
	410,000	Public Service Electric & Gas Co		5.375		11/01/39		488,979
	200,000	Public Service Electric & Gas Co		3.950		05/01/42		195,048
	100,000	Public Service Electric & Gas Co		3.650		09/01/42		91,586
	200,000	Public Service Electric & Gas Co		3.800		01/01/43		189,978
	200,000	Public Service Electric & Gas Co		4.000		06/01/44		196,067
	250,000	Puget Sound Energy, Inc		5.757		10/01/39		312,479
	100,000	Puget Sound Energy, Inc		4.434		11/15/41		104,118
	100,000	Questar Corp		2.750		02/01/16		102,778
	150,000	San Diego Gas & Electric Co		3.000		08/15/21		153,323
	400,000	San Diego Gas & Electric Co		3.600		09/01/23		418,565
	305,000	San Diego Gas & Electric Co		5.350		05/15/40		366,265
	100,000	San Diego Gas & Electric Co		3.950		11/15/41		97,869

89

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	300,000		SCANA Corp		4.750	%	05/15/21	$	327,755
	100,000		SCANA Corp		4.125		02/01/22		104,560
	250,000		Scottish Power Ltd		5.810		03/15/25		291,050
	200,000		Sempra Energy		2.300		04/01/17		205,310
	150,000		Sempra Energy		2.875		10/01/22		147,064
	500,000		Sempra Energy		4.050		12/01/23		528,206
	200,000		Sempra Energy		3.550		06/15/24		201,400
	260,000		Sempra Energy		6.000		10/15/39		322,619
	125,000		Sierra Pacific Power Co		3.375		08/15/23		127,749
	50,000		South Carolina Electric & Gas Co		5.300		05/15/33		57,614
	125,000		South Carolina Electric & Gas Co		5.450		02/01/41		149,879
	250,000		South Carolina Electric & Gas Co		4.350		02/01/42		257,754
	300,000		South Carolina Electric & Gas Co		4.600		06/15/43		320,526
	200,000		South Carolina Electric & Gas Co		4.500		06/01/64		202,403
	488,539		Southaven Combined Cycle Generation LLC		3.846		08/15/33		499,747
	100,000		Southern California Edison Co		5.000		01/15/16		106,742
	200,000		Southern California Edison Co		1.125		05/01/17		200,296
	250,000		Southern California Edison Co		5.500		08/15/18		285,711
	280,000		Southern California Edison Co		3.875		06/01/21		302,334
	400,000		Southern California Edison Co		3.500		10/01/23		414,686
	185,000		Southern California Edison Co		6.050		03/15/39		236,287
	300,000		Southern California Edison Co		4.500		09/01/40		317,651
	500,000		Southern California Edison Co		3.900		12/01/41		483,636
	200,000		Southern California Edison Co		4.050		03/15/42		197,699
	500,000		Southern California Edison Co		3.900		03/15/43		481,176
	150,000		Southern California Gas Co		3.750		09/15/42		141,752
	200,000		Southern California Gas Co		4.450		03/15/44		211,602
	200,000		Southern Co		2.375		09/15/15		204,382
	100,000		Southern Co		1.950		09/01/16		102,344
	300,000		Southern Co		2.450		09/01/18		307,425
	108,000	g	Southern Natural Gas Co		5.900		04/01/17		121,406
	550,000		Southern Natural Gas Co		4.400		06/15/21		595,877
	100,000		Southern Natural Gas Co		8.000		03/01/32		136,643
	250,000		Southwest Gas Corp		3.875		04/01/22		265,169
	250,000		Southwestern Electric Power Co		5.550		01/15/17		276,387
	400,000		Southwestern Electric Power Co		6.200		03/15/40		500,813
	600,000		Southwestern Public Service Co		4.500		08/15/41		633,993
	60,000		Spectra Energy Capital LLC		6.200		04/15/18		68,860
	600,000		Spectra Energy Capital LLC		3.300		03/15/23		574,231
	200,000		Spectra Energy Partners LP		2.950		09/25/18		207,608
	200,000		Spectra Energy Partners LP		4.750		03/15/24		216,682
	200,000		Spectra Energy Partners LP		5.950		09/25/43		238,272
	150,000		System Energy Resources, Inc		4.100		04/01/23		154,939
	200,000		Tampa Electric Co		5.400		05/15/21		231,379
	100,000		Tampa Electric Co		2.600		09/15/22		96,712
	100,000		Tampa Electric Co		4.100		06/15/42		97,563
	175,000		Tampa Electric Co		4.350		05/15/44		178,843
	200,000		TECO Finance, Inc		5.150		03/15/20		225,903
	200,000		Tennessee Gas Pipeline Co		7.000		10/15/28		255,531
	12,000		Toledo Edison Co		7.250		05/01/20		14,467
	300,000		Toledo Edison Co		6.150		05/15/37		362,461
	770,000		Total Capital S.A.		3.125		10/02/15		796,090

90

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	300,000	Total Capital S.A.		2.125	%	08/10/18	$	304,731
	200,000	Total Capital S.A.		4.450		06/24/20		223,121
	100,000	Total Capital S.A.		4.125		01/28/21		108,392
	200,000	TransAlta Corp		1.900		06/03/17		200,783
	350,000	TransAlta Corp		6.650		05/15/18		396,606
	300,000	TransAlta Corp		4.500		11/15/22		304,039
	125,000	Transcontinental Gas Pipe Line Co LLC		4.450		08/01/42		125,401
	300,000	Union Electric Co		3.500		04/15/24		308,233
	100,000	Union Electric Co		8.450		03/15/39		163,628
	100,000	Union Electric Co		3.900		09/15/42		96,838
	100,000	United Utilities plc		6.875		08/15/28		119,426
	200,000	Virginia Electric and Power Co		1.200		01/15/18		197,534
	309,000	Virginia Electric and Power Co		2.750		03/15/23		301,585
	500,000	Virginia Electric and Power Co		3.450		02/15/24		511,472
	350,000	Virginia Electric and Power Co		6.000		05/15/37		443,214
	160,000	Virginia Electric and Power Co		4.000		01/15/43		154,713
	250,000	Virginia Electric and Power Co		4.650		08/15/43		268,582
	300,000	Virginia Electric and Power Co		4.450		02/15/44		312,644
	500,000	Westar Energy, Inc		4.125		03/01/42		497,547
	175,000	Westar Energy, Inc		4.100		04/01/43		173,683
	200,000	Western Gas Partners LP		2.600		08/15/18		203,775
	450,000	Western Gas Partners LP		4.000		07/01/22		466,059
	100,000	Western Gas Partners LP		5.450		04/01/44		110,154
	225,000	Western Massachusetts Electric Co		3.500		09/15/21		234,960
	35,000	Williams Cos, Inc		7.875		09/01/21		43,454
	475,000	Williams Cos, Inc		3.700		01/15/23		456,920
	350,000	Williams Cos, Inc		4.550		06/24/24		353,465
	300,000	Williams Cos, Inc		7.750		06/15/31		361,493
	350,000	Williams Cos, Inc		5.750		06/24/44		353,011
	245,000	Williams Partners LP		3.800		02/15/15		249,713
	70,000	Williams Partners LP		7.250		02/01/17		80,006
	530,000	Williams Partners LP		5.250		03/15/20		597,841
	600,000	Williams Partners LP		4.000		11/15/21		627,409
	200,000	Williams Partners LP		3.350		08/15/22		198,366
	300,000	Williams Partners LP		4.500		11/15/23		318,206
	300,000	Williams Partners LP		4.300		03/04/24		312,869
	500,000	Williams Partners LP		3.900		01/15/25		502,307
	300,000	Williams Partners LP		5.800		11/15/43		338,748
	300,000	Williams Partners LP		5.400		03/04/44		321,849
	500,000	Williams Partners LP		4.900		01/15/45		498,430
	300,000	Wisconsin Electric Power Co		1.700		06/15/18		300,746
	200,000	Wisconsin Electric Power Co		5.625		05/15/33		241,866
	200,000	Wisconsin Electric Power Co		3.650		12/15/42		184,026
	100,000	Wisconsin Electric Power Co		4.250		06/01/44		101,876
	200,000	Wisconsin Power & Light Co		2.250		11/15/22		190,314
	200,000	Wisconsin Public Service Corp		3.671		12/01/42		186,958
	200,000	Wisconsin Public Service Corp		4.752		11/01/44		221,402
	200,000	Xcel Energy, Inc		0.750		05/09/16		200,204
	100,000	Xcel Energy, Inc		4.700		05/15/20		111,709
	100,000	Xcel Energy, Inc		4.800		09/15/41		107,635
		TOTAL UTILITIES						115,752,209
		TOTAL CORPORATE BONDS						1,309,232,014
		(Cost $1,268,433,424)

91

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
GOVERNMENT BONDS -  72.2%
AGENCY SECURITIES - 3.5%
$	250,000		Federal Agricultural Mortgage Corp (FAMC)		2.375	%	07/22/15	$	255,733
	500,000		Federal Farm Credit Bank (FFCB)		0.300		07/18/14		500,042
	2,600,000		FFCB		3.000		09/22/14		2,617,048
	3,000,000		FFCB		1.500		11/16/15		3,047,643
	1,475,000		FFCB		4.875		12/16/15		1,572,711
	1,600,000		FFCB		1.050		03/28/16		1,618,558
	200,000		Federal Home Loan Bank (FHLB)		0.400		07/02/14		200,002
	7,650,000		FHLB		2.875		06/12/15		7,845,266
	6,215,000		FHLB		0.375		08/28/15		6,228,462
	1,000,000		FHLB		5.375		05/18/16		1,091,580
	95,000		FHLB		4.750		12/16/16		104,389
	500,000		FHLB		4.875		05/17/17		556,676
	1,000,000		FHLB		0.750		09/08/17		990,050
	2,745,000		FHLB		5.000		11/17/17		3,096,958
	4,000,000		FHLB		1.625		06/14/19		3,984,540
	5,005,000		FHLB		5.500		07/15/36		6,403,813
	108,000		Federal Home Loan Mortgage Corp (FHLMC)		4.375		07/17/15		112,718
	125,000		FHLMC		4.750		11/17/15		132,618
	132,000		FHLMC		4.750		01/19/16		140,917
	6,213,000		FHLMC		5.250		04/18/16		6,743,373
	127,000		FHLMC		5.500		07/18/16		139,946
	16,736,000		FHLMC		5.125		10/18/16		18,436,595
	20,000,000		FHLMC		0.875		03/07/18		19,714,460
	9,000,000		FHLMC		2.375		01/13/22		8,982,288
	3,250,000		FHLMC		6.250		07/15/32		4,482,215
	4,000,000		Federal National Mortgage Association (FNMA)		2.625		11/20/14		4,038,836
	10,000,000		FNMA		0.500		05/27/15		10,027,580
	5,000,000		FNMA		0.500		07/02/15		5,016,195
	8,000,000		FNMA		0.375		12/21/15		8,008,704
	5,000,000		FNMA		2.250		03/15/16		5,153,240
	10,215,000		FNMA		5.000		03/15/16		11,011,841
	150,000		FNMA		5.000		05/11/17		167,392
	4,340,000		FNMA		5.375		06/12/17		4,902,629
	8,000,000		FNMA		1.625		11/27/18		8,042,824
	11,000,000	j	FNMA		0.000		10/09/19		9,666,426
	2,310,000	i	FNMA		2.301		09/25/22		2,248,887
	951,000		FNMA		6.030		10/08/27		1,212,359
	5,000,000		FNMA		6.625		11/15/30		7,100,695
	1,000,000		FNMA		5.625		07/15/37		1,317,276
	815,000		Financing Corp		9.400		02/08/18		1,043,978
	825,000		Financing Corp		9.800		04/06/18		1,079,771
	815,000		Financing Corp		10.350		08/03/18		1,097,169
	500,000		Hashemite Kingdom of Jordan Government AID Bond		2.503		10/30/20		506,388
	450,000		Private Export Funding Corp (PEFCO)		1.375		02/15/17		455,973
	590,000		PEFCO		2.250		12/15/17		609,437
	175,000		PEFCO		1.450		08/15/19		171,263

92

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	400,000	PEFCO		2.050	%	11/15/22	$	378,964
	700,000	Tunisia Government AID Bonds		1.686		07/16/19		691,746
	400,000	Hashemite Kingdom of Jordan Government AID Bond		1.945		06/23/19		400,755
	300,000	Israel Government AID Bond		5.500		04/26/24		366,019
	300,000	Tennessee Valley Authority		1.750		10/15/18		302,418
	250,000	Ukraine Government AID Bonds		1.844		05/16/19		249,718
		TOTAL AGENCY SECURITIES						184,267,084
FOREIGN GOVERNMENT BONDS - 3.9%
	1,750,000	Asian Development Bank		2.500		03/15/16		1,811,337
	2,000,000	Asian Development Bank		1.125		03/15/17		2,015,924
	1,000,000	Asian Development Bank		1.875		04/12/19		1,010,640
	1,500,000	Asian Development Bank		1.375		03/23/20		1,453,773
	75,000	Asian Development Bank		5.820		06/16/28		95,357
	906,000	Brazilian Government International Bond		5.875		01/15/19		1,036,917
	2,090,000	Brazilian Government International Bond		4.875		01/22/21		2,278,100
	1,424,000	Brazilian Government International Bond		4.250		01/07/25		1,443,224
	880,000	Brazilian Government International Bond		7.125		01/20/37		1,113,200
	2,330,000	Brazilian Government International Bond		5.625		01/07/41		2,504,750
	525,000	Canada Government International Bond		2.375		09/10/14		526,963
	850,000	Canada Government International Bond		0.875		02/14/17		852,041
	1,000,000	Canada Government International Bond		1.625		02/27/19		1,003,119
	345,000	Chile Government International Bond		3.875		08/05/20		369,840
	300,000	Chile Government International Bond		2.250		10/30/22		282,600
	300,000	Chile Government International Bond		3.625		10/30/42		263,250
	850,000	China Development Bank		5.000		10/15/15		891,946
	900,000	Colombia Government International Bond		8.250		12/22/14		930,600
	450,000	Colombia Government International Bond		7.375		03/18/19		547,875
	900,000	Colombia Government International Bond		4.375		07/12/21		965,700
	600,000	Colombia Government International Bond		2.625		03/15/23		561,000
	750,000	Colombia Government International Bond		4.000		02/26/24		773,250
	1,250,000	Colombia Government International Bond		6.125		01/18/41		1,496,875
	750,000	Colombia Government International Bond		5.625		02/26/44		840,000
	30,000	Corp Andina de Fomento		5.125		05/05/15		30,982
	500,000	Corp Andina de Fomento		3.750		01/15/16		520,061
	527,000	Corp Andina de Fomento		4.375		06/15/22		558,921
	1,000,000	Council of Europe Development Bank		2.625		02/16/16		1,035,650
	500,000	Council of Europe Development Bank		1.500		06/19/17		507,479
	500,000	Council of Europe Development Bank		1.000		03/07/18		495,035
	500,000	Council Of Europe Development Bank		1.125		05/31/18		495,756
	300,000	Development Bank of Japan		5.125		02/01/17		332,357
	50,000	European Bank for Reconstruction & Development		1.625		09/03/15		50,770
	1,500,000	European Bank for Reconstruction & Development		2.500		03/15/16		1,552,660
	1,000,000	European Bank for Reconstruction & Development		1.375		10/20/16		1,015,278
	500,000	European Bank for Reconstruction & Development		1.750		06/14/19		500,264
	4,000,000	European Investment Bank		1.125		04/15/15		4,029,440
	5,000,000	European Investment Bank		1.625		09/01/15		5,077,580
	5,500,000	European Investment Bank		1.375		10/20/15		5,577,990
	4,000,000	European Investment Bank		2.250		03/15/16		4,123,280
	1,000,000	European Investment Bank		0.625		04/15/16		1,002,950
	2,200,000	European Investment Bank		1.750		03/15/17		2,251,762
	2,500,000	European Investment Bank		0.875		04/18/17		2,499,910

93

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	750,000	European Investment Bank		1.000	%	03/15/18	$	742,739
	500,000	European Investment Bank		1.000		06/15/18		492,945
	1,000,000	European Investment Bank		1.875		03/15/19		1,008,674
	1,000,000	European Investment Bank		2.875		09/15/20		1,044,212
	500,000	European Investment Bank		2.500		04/15/21		508,447
	2,000,000	European Investment Bank		3.250		01/29/24		2,089,262
	1,705,000	European Investment Bank		4.875		02/15/36		2,040,980
	545,000	Export Development Canada		2.250		05/28/15		555,202
	300,000	Export Development Canada		0.500		09/15/15		300,918
	250,000	Export Development Canada		1.250		10/26/16		253,388
	500,000	Export Development Canada		0.625		12/15/16		498,740
	1,300,000	Export Development Canada		0.750		12/15/17		1,282,879
	500,000	Export Development Canada		1.750		08/19/19		500,425
	250,000	Export-Import Bank of Korea		5.875		01/14/15		256,835
	1,090,000	Export-Import Bank of Korea		4.125		09/09/15		1,131,897
	300,000	Export-Import Bank of Korea		1.250		11/20/15		301,549
	400,000	Export-Import Bank of Korea		3.750		10/20/16		423,597
	200,000	Export-Import Bank of Korea		1.750		02/27/18		198,689
	775,000	Export-Import Bank of Korea		5.125		06/29/20		876,615
	300,000	Export-Import Bank of Korea		5.000		04/11/22		339,361
	1,590,000	Federative Republic of Brazil		6.000		01/17/17		1,768,080
	602,222	Federative Republic of Brazil		8.000		01/15/18		671,478
	100,000	Finland Government International Bond		6.950		02/15/26		130,281
	2,750,000	FMS Wertmanagement AoeR		1.000		11/21/17		2,734,870
	500,000	Hydro Quebec		2.000		06/30/16		513,350
	800,000	Hydro Quebec		1.375		06/19/17		806,760
	270,000	Hydro Quebec		9.400		02/01/21		368,329
	200,000	Hydro Quebec		8.500		12/01/29		300,801
	2,500,000	Inter-American Development Bank		2.250		07/15/15		2,552,420
	3,000,000	Inter-American Development Bank		1.750		08/24/18		3,041,061
	1,105,000	Inter-American Development Bank		3.875		09/17/19		1,215,048
	750,000	Inter-American Development Bank		1.375		07/15/20		722,425
	700,000	Inter-American Development Bank		3.200		08/07/42		623,905
	300,000	Inter-American Development Bank		4.375		01/24/44		327,254
	1,800,000	International Bank for Reconstruction & Development		1.125		08/25/14		1,802,039
	3,200,000	International Bank for Reconstruction & Development		2.375		05/26/15		3,263,856
	2,100,000	International Bank for Reconstruction & Development		2.125		03/15/16		2,162,240
	950,000	International Bank for Reconstruction & Development		1.000		09/15/16		958,603
	1,500,000	International Bank for Reconstruction & Development		1.875		03/15/19		1,521,482
	1,500,000	International Bank for Reconstruction & Development		2.125		11/01/20		1,510,313
	400,000	International Bank for Reconstruction & Development		7.625		01/19/23		556,844
	500,000	International Bank for Reconstruction & Development		2.125		02/13/23		493,129
	834,000	International Bank for Reconstruction & Development		4.750		02/15/35		979,241
	1,700,000	International Finance Corp		2.750		04/20/15		1,733,867
	2,750,000	International Finance Corp		1.125		11/23/16		2,770,730
	2,000,000	International Finance Corp		1.750		09/04/18		2,022,596
	800,000	Israel Government AID Bond		5.500		09/18/23		975,191
	400,000	Israel Government International Bond		5.125		03/26/19		452,000
	705,000	Israel Government International Bond		4.000		06/30/22		749,697
	300,000	Israel Government International Bond		3.150		06/30/23		298,500
	300,000	Israel Government International Bond		4.500		01/30/43		293,625
	500,000	Italian Republic		3.125		01/26/15		507,252

94

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	1,200,000	Italian Republic		5.250	%	09/20/16	$	1,309,608
	1,374,000	Italian Republic		5.375		06/15/33		1,621,860
	1,500,000	Italy Government International Bond		4.750		01/25/16		1,593,465
	430,000	Italy Government International Bond		5.375		06/12/17		476,901
	1,100,000	Japan Bank for International Cooperation		1.875		09/24/15		1,118,625
	1,900,000	Japan Bank for International Cooperation		1.125		07/19/17		1,904,047
	1,050,000	Japan Bank for International Cooperation		1.750		07/31/18		1,058,562
	300,000	Japan Bank for International Cooperation		3.375		07/31/23		314,570
	600,000	Japan Finance Corp		2.250		07/13/16		619,626
	900,000	Japan Finance Organization for Municipalities		5.000		05/16/17		999,576
	1,600,000	KFW		2.625		01/25/22		1,627,552
	475,000	Korea Development Bank		4.375		08/10/15		493,228
	235,000	Korea Development Bank		3.250		03/09/16		243,840
	400,000	Korea Development Bank		3.500		08/22/17		421,885
	300,000	Korea Development Bank		1.500		01/22/18		295,526
	200,000	Korea Development Bank		3.000		09/14/22		198,588
	1,000,000	Mexico Government International Bond		3.500		01/21/21		1,038,500
	1,588,000	Mexico Government International Bond		3.625		03/15/22		1,647,550
	4,098,000	Mexico Government International Bond		4.000		10/02/23		4,306,998
	461,000	Mexico Government International Bond		6.750		09/27/34		596,995
	1,132,000	Mexico Government International Bond		6.050		01/11/40		1,371,984
	1,474,000	Mexico Government International Bond		4.750		03/08/44		1,503,480
	1,678,000	Mexico Government International Bond		5.550		01/21/45		1,908,725
	150,000	Mexico Government International Bond		5.750		10/12/10		159,150
	500,000	Nordic Investment Bank		2.250		03/15/16		515,235
	1,500,000	Nordic Investment Bank		0.750		01/17/18		1,475,952
	2,300,000	North American Development Bank		2.400		10/26/22		2,189,917
	1,100,000	Panama Government International Bond		5.200		01/30/20		1,227,600
	300,000	Panama Government International Bond		7.125		01/29/26		381,000
	692,000	Panama Government International Bond		6.700		01/26/36		853,582
	400,000	Panama Government International Bond		4.300		04/29/53		348,800
	520,000	Peruvian Government International Bond		7.125		03/30/19		633,100
	925,000	Peruvian Government International Bond		7.350		07/21/25		1,225,625
	600,000	Peruvian Government International Bond		6.550		03/14/37		753,900
	500,000	Peruvian Government International Bond		5.625		11/18/50		559,750
	1,250,000	Philippine Government International Bond		8.875		03/17/15		1,318,750
	225,000	Philippine Government International Bond		4.200		01/21/24		237,656
	750,000	Philippine Government International Bond		5.500		03/30/26		864,375
	2,750,000	Philippine Government International Bond		5.000		01/13/37		3,038,750
	380,000	Poland Government International Bond		3.875		07/16/15		392,920
	1,985,000	Poland Government International Bond		6.375		07/15/19		2,352,225
	67,000	Poland Government International Bond		5.125		04/21/21		75,375
	390,000	Poland Government International Bond		5.000		03/23/22		433,485
	490,000	Poland Government International Bond		3.000		03/17/23		476,035
	1,000,000	Poland Government International Bond		4.000		01/22/24		1,037,500
	1,055,000	Province of British Columbia Canada		2.850		06/15/15		1,081,269
	400,000	Province of British Columbia Canada		1.200		04/25/17		403,030
	200,000	Province of British Columbia Canada		2.650		09/22/21		203,288
	1,800,000	Province of British Columbia Canada		2.000		10/23/22		1,707,160
	500,000	Province of Manitoba Canada		4.900		12/06/16		549,660
	500,000	Province of Manitoba Canada		1.125		06/01/18		494,325
	500,000	Province of Manitoba Canada		1.750		05/30/19		497,317

95

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	300,000		Province of Manitoba Canada		3.050	%	05/14/24	$	302,105
	200,000		Province of New Brunswick Canada		5.200		02/21/17		222,382
	200,000		Province of New Brunswick Canada		2.750		06/15/18		209,400
	255,000		Province of Nova Scotia Canada		2.375		07/21/15		260,620
	50,000		Province of Nova Scotia Canada		5.125		01/26/17		55,406
	200,000		Province of Nova Scotia Canada		8.250		07/30/22		270,870
	2,200,000		Province of Ontario Canada		2.950		02/05/15		2,235,627
	600,000		Province of Ontario Canada		0.950		05/26/15		603,954
	2,690,000		Province of Ontario Canada		2.700		06/16/15		2,753,081
	1,000,000		Province of Ontario Canada		2.300		05/10/16		1,032,430
	300,000		Province of Ontario Canada		1.600		09/21/16		305,802
	1,300,000		Province of Ontario Canada		1.100		10/25/17		1,294,263
	1,000,000		Province of Ontario Canada		2.000		01/30/19		1,010,830
	1,000,000		Province of Ontario Canada		1.650		09/27/19		984,511
	230,000		Province of Ontario Canada		4.400		04/14/20		257,812
	800,000		Province of Ontario Canada		2.450		06/29/22		781,144
	1,500,000		Province of Ontario Canada		3.200		05/16/24		1,512,998
	385,000		Province of Quebec Canada		5.125		11/14/16		424,305
	1,135,000		Province of Quebec Canada		4.625		05/14/18		1,270,185
	1,120,000		Province of Quebec Canada		3.500		07/29/20		1,198,614
	1,100,000		Province of Quebec Canada		2.625		02/13/23		1,071,651
	200,000		Province of Quebec Canada		7.125		02/09/24		260,248
	201,000		Province of Quebec Canada		7.500		09/15/29		285,896
	100,000		Province of Saskatchewan Canada		8.500		07/15/22		138,847
	200,000		Region of Lombardy Italy		5.804		10/25/32		210,212
	700,000		Republic of Korea		7.125		04/16/19		862,792
	500,000		Republic of Korea		3.875		09/11/23		539,230
	400,000		Republic of Korea		4.125		06/10/44		423,716
	2,500,000		Republic of Philippines		4.000		01/15/21		2,653,125
	800,000		Republic of Turkey		7.500		07/14/17		910,259
	1,010,000		South Africa Government International Bond		6.875		05/27/19		1,167,813
	225,000		South Africa Government International Bond		5.500		03/09/20		246,206
	500,000		South Africa Government International Bond		4.665		01/17/24		509,375
	300,000		South Africa Government International Bond		5.875		09/16/25		333,450
	300,000		South Africa Government International Bond		6.250		03/08/41		347,250
	625,000		Svensk Exportkredit AB		5.125		03/01/17		693,766
	425,000		Svensk Exportkredit AB		1.125		04/05/18		420,826
	4,000,000		Turkey Government International Bond		6.750		04/03/18		4,516,000
	600,000		Turkey Government International Bond		6.250		09/26/22		676,080
	3,500,000		Turkey Government International Bond		3.250		03/23/23		3,227,000
	800,000		Turkey Government International Bond		5.750		03/22/24		874,000
	3,250,000		Turkey Government International Bond		4.875		04/16/43		3,055,000
	800,000		Turkey Government International Bond		6.625		02/17/45		926,000
	519,343		Uruguay Government International Bond		4.500		08/14/24		551,023
	500,000		Uruguay Government International Bond		4.125		11/20/45		433,750
	1,113,907		Uruguay Government International Bond		5.100		06/18/50		1,099,983
			TOTAL FOREIGN GOVERNMENT BONDS						205,979,286
MORTGAGE BACKED - 28.9%
	9,835,981		Federal Home Loan Mortgage Corp (FHLMC)		2.500		07/01/28		9,994,433
	94,405	i	FHLMC		4.986		04/01/35		99,057
	10,407	i	FHLMC		2.250		10/01/35		11,052

96

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	143,866	i	FHLMC		2.380	%	02/01/36	$	153,838
	81,685	i	FHLMC		2.435		07/01/36		87,143
	252,480	i	FHLMC		2.260		09/01/36		268,778
	146,348	i	FHLMC		2.367		09/01/36		155,006
	184,894	i	FHLMC		2.371		09/01/36		195,731
	53,586	i	FHLMC		5.873		01/01/37		56,856
	11,668	i	FHLMC		2.375		02/01/37		12,466
	15,877	i	FHLMC		2.390		02/01/37		16,916
	380,019	i	FHLMC		2.454		03/01/37		405,103
	29,927	i	FHLMC		5.311		03/01/37		31,447
	265,226	i	FHLMC		5.718		04/01/37		280,640
	218,442	i	FHLMC		6.010		04/01/37		234,386
	30,152	i	FHLMC		1.950		05/01/37		30,224
	50,368	i	FHLMC		2.651		05/01/37		54,214
	49,387	i	FHLMC		2.340		06/01/37		52,623
	219,935	i	FHLMC		3.017		06/01/37		231,362
	208,171	i	FHLMC		2.617		08/01/37		216,192
	136,809	i	FHLMC		1.593		09/01/37		141,005
	262,586	i	FHLMC		1.701		09/01/37		274,841
	2,396	i	FHLMC		6.195		09/01/37		2,476
	28,870	i	FHLMC		5.537		02/01/38		30,464
	130,229	i	FHLMC		2.332		04/01/38		139,453
	185,656	i	FHLMC		4.882		04/01/38		198,892
	64,608	i	FHLMC		4.823		06/01/38		68,741
	20,296	i	FHLMC		2.375		07/01/38		21,588
	57,669		FHLMC		5.000		10/01/39		63,820
	60,757	i	FHLMC		3.539		06/01/40		64,802
	383,320	i	FHLMC		3.400		07/01/40		405,177
	354,954	i	FHLMC		2.943		01/01/41		371,162
	52,722	i	FHLMC		2.562		05/01/41		54,953
	1,083,690	i	FHLMC		3.404		08/01/41		1,158,690
	495,443	i	FHLMC		2.934		09/01/41		522,585
	116,057	i	FHLMC		3.139		10/01/41		121,662
	4,964,376		FHLMC		4.000		04/01/44		5,266,326
	6,693,606	h	FHLMC		4.500		05/01/44		7,251,422
	5,000,000	h	FHLMC		4.000		06/01/44		5,304,118
	6		Federal Home Loan Mortgage Corp Gold (FGLMC)		5.000		07/01/14		6
	2,263		FGLMC		7.500		01/01/16		2,271
	29		FGLMC		7.500		05/01/16		29
	24		FGLMC		7.500		06/01/16		24
	12,382		FGLMC		5.500		05/01/17		13,146
	25,650		FGLMC		5.500		06/01/17		27,234
	17,552		FGLMC		5.000		12/01/17		18,632
	11,951		FGLMC		5.500		12/01/17		12,689
	20,652		FGLMC		5.000		03/01/18		21,922
	67,184		FGLMC		5.000		04/01/18		71,316
	55,336		FGLMC		4.500		06/01/18		58,692
	164,151		FGLMC		4.500		09/01/18		174,692
	112,885		FGLMC		4.000		11/01/18		119,761
	193,680		FGLMC		4.500		01/01/19		207,570
	22,831		FGLMC		4.000		05/01/19		24,256
	184,134		FGLMC		4.500		05/01/19		195,300

97

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	388,448	FGLMC		4.500	%	06/01/19	$	412,002
	123,317	FGLMC		4.000		10/01/19		130,916
	47,504	FGLMC		5.500		11/01/19		50,874
	370,362	FGLMC		4.500		12/01/19		392,819
	63,075	FGLMC		4.500		01/01/20		66,900
	26,763	FGLMC		4.500		02/01/20		28,852
	1,374,117	FGLMC		4.500		02/01/20		1,457,438
	300,976	FGLMC		5.000		05/01/20		319,588
	313,990	FGLMC		5.000		05/01/20		338,587
	26,450	FGLMC		4.500		07/01/20		28,568
	288,572	FGLMC		5.000		07/01/20		306,387
	5,162	FGLMC		7.000		10/01/20		5,550
	25,224	FGLMC		5.000		12/01/20		27,244
	1,048,030	FGLMC		4.000		05/01/21		1,112,824
	312,248	FGLMC		4.500		06/01/21		331,801
	563,486	FGLMC		4.500		06/01/21		598,782
	268,747	FGLMC		5.000		07/01/21		290,309
	37,185	FGLMC		5.500		07/01/21		40,597
	4,137,492	FGLMC		3.000		12/01/21		4,317,576
	24,200	FGLMC		5.000		10/01/22		26,183
	20,782	FGLMC		6.000		11/01/22		22,708
	175,966	FGLMC		5.000		04/01/23		190,141
	11,969	FGLMC		4.500		05/01/23		12,884
	146,016	FGLMC		5.000		05/01/23		161,588
	38,833	FGLMC		5.000		10/01/23		42,362
	28,804	FGLMC		5.500		10/01/23		32,187
	31,386	FGLMC		5.000		11/01/23		34,734
	65,638	FGLMC		5.000		03/01/24		72,638
	16,765	FGLMC		4.500		04/01/24		18,071
	7,120	FGLMC		4.500		05/01/24		7,676
	49,399	FGLMC		4.500		06/01/24		53,191
	451,340	FGLMC		4.000		07/01/24		480,264
	230,356	FGLMC		4.000		07/01/24		245,110
	86,513	FGLMC		5.500		07/01/24		94,631
	455,389	FGLMC		4.000		08/01/24		484,413
	15,713	FGLMC		4.500		09/01/24		16,927
	32,121	FGLMC		4.500		09/01/24		34,631
	73,660	FGLMC		4.500		09/01/24		79,342
	16,572	FGLMC		5.500		09/01/24		18,539
	556,845	FGLMC		4.000		10/01/24		592,542
	17,805	FGLMC		4.500		10/01/24		19,191
	52,979	FGLMC		4.500		10/01/24		57,686
	18,149	FGLMC		4.500		11/01/24		19,559
	47,283	FGLMC		4.500		12/01/24		50,981
	37,579	FGLMC		4.500		02/01/25		40,519
	756,450	FGLMC		4.000		03/01/25		810,437
	21,413	FGLMC		4.500		06/01/25		23,083
	42,306	FGLMC		4.500		07/01/25		45,520
	779,256	FGLMC		3.500		10/01/25		826,011
	416,170	FGLMC		4.000		10/01/25		445,745
	790,602	FGLMC		3.500		11/01/25		838,038
	1,321,725	FGLMC		3.500		11/01/25		1,401,030

98

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	369,632	FGLMC		3.500	%	12/01/25	$	391,101
	256,037	FGLMC		3.000		01/01/26		266,030
	2,593,843	FGLMC		3.500		01/01/26		2,744,504
	229,000	FGLMC		4.000		04/01/26		245,128
	467,893	FGLMC		4.000		05/01/26		500,857
	116,633	FGLMC		5.500		07/01/26		130,356
	1,482,948	FGLMC		4.000		08/01/26		1,587,425
	8,782	FGLMC		6.000		08/01/26		9,857
	409,523	FGLMC		3.000		09/01/26		424,998
	1,056,068	FGLMC		3.000		10/01/26		1,095,976
	1,573,044	FGLMC		3.500		10/01/26		1,664,413
	50,566	FGLMC		5.000		10/01/26		55,959
	13,826	FGLMC		5.500		10/01/26		15,473
	6,183,937	FGLMC		3.000		02/01/27		6,417,622
	3,288,339	FGLMC		2.500		05/01/27		3,341,312
	3,284,846	FGLMC		2.500		11/01/27		3,337,763
	166,433	FGLMC		6.000		12/01/27		186,842
	2,581,540	FGLMC		2.500		01/01/28		2,623,127
	6,684,251	FGLMC		2.500		03/01/28		6,791,931
	221,567	FGLMC		5.000		03/01/28		246,929
	3,618,626	FGLMC		2.500		05/01/28		3,676,920
	22,362	FGLMC		5.500		05/01/28		25,001
	9,233,401	FGLMC		2.500		07/01/28		9,382,146
	2,790,793	FGLMC		3.000		10/01/28		2,896,254
	218	FGLMC		6.500		10/01/28		246
	190,534	FGLMC		5.500		01/01/29		213,089
	5,225	FGLMC		6.500		01/01/29		5,888
	33,465	FGLMC		4.000		02/01/29		35,781
	1,444	FGLMC		6.500		03/01/29		1,657
	170,273	FGLMC		4.500		04/01/29		184,328
	16,581	FGLMC		6.500		07/01/29		18,684
	51,792	FGLMC		5.000		12/01/29		57,524
	78,540	FGLMC		4.000		08/01/30		84,315
	457,885	FGLMC		4.500		01/01/31		498,673
	809	FGLMC		8.000		01/01/31		926
	505,766	FGLMC		4.000		03/01/31		543,109
	62,327	FGLMC		4.000		05/01/31		66,947
	507,926	FGLMC		4.500		05/01/31		553,978
	202,047	FGLMC		4.000		06/01/31		217,034
	629,153	FGLMC		4.000		08/01/31		675,730
	580,554	FGLMC		4.000		09/01/31		623,646
	8,527	FGLMC		6.500		09/01/31		9,608
	19,688	FGLMC		8.000		09/01/31		22,811
	276,370	FGLMC		3.500		11/01/31		288,983
	112,397	FGLMC		7.000		12/01/31		127,853
	43,290	FGLMC		6.500		01/01/32		49,480
	95,612	FGLMC		6.000		02/01/32		108,634
	3,771,797	FGLMC		3.000		03/01/32		3,843,950
	39,252	FGLMC		7.000		04/01/32		44,973
	36,823	FGLMC		6.500		05/01/32		42,444
	2,987,631	FGLMC		3.500		09/01/32		3,124,142
	32,433	FGLMC		5.500		11/01/32		36,460

99

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	38,150	FGLMC		6.000	%	02/01/33	$	43,345
	138,134	FGLMC		5.000		03/01/33		153,352
	90,946	FGLMC		6.000		03/01/33		103,178
	6,584	FGLMC		6.000		03/01/33		7,392
	153,840	FGLMC		6.000		03/01/33		175,072
	58,321	FGLMC		5.000		04/01/33		64,541
	15,762	FGLMC		6.000		04/01/33		17,937
	1,221,758	FGLMC		5.000		06/01/33		1,356,788
	330,938	FGLMC		5.500		06/01/33		371,996
	4,763,947	FGLMC		3.500		07/01/33		4,981,705
	129,356	FGLMC		4.500		07/01/33		140,427
	187,486	FGLMC		5.000		08/01/33		207,945
	15,492	FGLMC		5.000		08/01/33		17,202
	40,399	FGLMC		6.500		08/01/33		46,302
	385,103	FGLMC		5.000		09/01/33		435,211
	186,673	FGLMC		5.500		09/01/33		213,052
	149,596	FGLMC		5.500		09/01/33		166,886
	65,067	FGLMC		5.500		09/01/33		72,907
	159,547	FGLMC		5.500		09/01/33		180,773
	61,203	FGLMC		4.000		10/01/33		64,926
	31,629	FGLMC		5.000		10/01/33		35,126
	240,526	FGLMC		5.500		10/01/33		272,529
	68,082	FGLMC		5.500		12/01/33		76,535
	239,377	FGLMC		5.500		12/01/33		268,955
	757,491	FGLMC		7.000		12/01/33		878,079
	660,596	FGLMC		5.000		01/01/34		733,687
	16,372	FGLMC		5.500		02/01/34		18,394
	82,207	FGLMC		5.000		03/01/34		91,311
	101,638	FGLMC		5.500		03/01/34		114,245
	195,835	FGLMC		5.000		05/01/34		217,536
	109,338	FGLMC		4.500		06/01/34		118,684
	222,801	FGLMC		5.000		06/01/34		247,402
	71,396	FGLMC		5.500		06/01/34		80,253
	49,050	FGLMC		6.000		06/01/34		55,845
	149,605	FGLMC		6.000		09/01/34		170,301
	20,039	FGLMC		5.000		11/01/34		22,415
	915,284	FGLMC		5.500		11/01/34		1,028,461
	620,820	FGLMC		5.000		12/01/34		689,304
	46,267	FGLMC		5.500		12/01/34		52,177
	112,323	FGLMC		5.500		12/01/34		126,198
	43,835	FGLMC		5.500		01/01/35		48,899
	6,411	FGLMC		5.500		01/01/35		7,202
	12,082	FGLMC		5.500		01/01/35		13,581
	296,886	FGLMC		4.500		04/01/35		322,107
	41,065	FGLMC		6.000		05/01/35		46,737
	280,512	FGLMC		6.000		05/01/35		318,693
	277,429	FGLMC		7.000		05/01/35		321,272
	65,415	FGLMC		5.500		06/01/35		73,495
	40,327	FGLMC		5.500		06/01/35		45,330
	1,184,338	FGLMC		5.000		07/01/35		1,314,831
	38,709	FGLMC		5.000		07/01/35		42,838
	39,871	FGLMC		6.000		07/01/35		44,756

100

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	1,768,145	FGLMC		5.000	%	08/01/35	$	1,961,536
	45,634	FGLMC		5.500		08/01/35		50,906
	100,625	FGLMC		6.000		08/01/35		112,937
	25,245	FGLMC		4.500		09/01/35		27,356
	37,726	FGLMC		5.000		10/01/35		41,762
	240,146	FGLMC		5.000		10/01/35		267,171
	165,173	FGLMC		5.000		10/01/35		183,273
	872,488	FGLMC		5.500		10/01/35		980,697
	28,704	FGLMC		5.000		12/01/35		31,831
	163,548	FGLMC		5.000		12/01/35		181,172
	76,457	FGLMC		6.000		01/01/36		86,184
	55,046	FGLMC		5.000		02/01/36		61,040
	24,383	FGLMC		5.000		02/01/36		27,059
	29,348	FGLMC		6.000		02/01/36		33,175
	320,399	FGLMC		5.500		04/01/36		360,402
	37,074	FGLMC		5.500		05/01/36		41,652
	4,675	FGLMC		6.500		05/01/36		5,268
	1,119,987	FGLMC		6.000		06/01/36		1,266,208
	225,547	FGLMC		5.000		07/01/36		250,174
	236,653	FGLMC		6.000		07/01/36		269,293
	36,401	FGLMC		6.000		08/01/36		40,962
	32,205	FGLMC		6.000		09/01/36		36,494
	1,181,251	FGLMC		5.500		10/01/36		1,321,455
	808,405	FGLMC		5.500		10/01/36		902,273
	110,394	FGLMC		6.500		10/01/36		124,395
	48,122	FGLMC		5.500		11/01/36		53,640
	116,895	FGLMC		6.000		11/01/36		131,990
	627,415	FGLMC		6.000		12/01/36		707,700
	996,628	FGLMC		5.500		03/01/37		1,110,901
	352,327	FGLMC		6.000		03/01/37		396,066
	59,596	FGLMC		6.500		03/01/37		67,155
	361,184	FGLMC		5.500		04/01/37		402,597
	46,687	FGLMC		5.000		05/01/37		51,666
	32,257	FGLMC		5.000		06/01/37		35,697
	176,674	FGLMC		5.500		06/01/37		196,931
	677,652	FGLMC		6.000		07/01/37		760,793
	228,557	FGLMC		6.000		08/01/37		258,315
	96,359	FGLMC		6.000		09/01/37		109,241
	1,004,829	FGLMC		5.500		10/01/37		1,128,241
	35,227	FGLMC		6.000		11/01/37		39,545
	280,001	FGLMC		6.500		11/01/37		315,515
	118,598	FGLMC		6.000		01/01/38		133,109
	432,290	FGLMC		6.000		02/01/38		485,376
	50,971	FGLMC		6.000		02/01/38		57,207
	491,780	FGLMC		5.000		03/01/38		544,228
	1,611,560	FGLMC		5.000		03/01/38		1,783,432
	576,064	FGLMC		5.000		04/01/38		643,799
	57,303	FGLMC		5.000		04/01/38		64,519
	793,861	FGLMC		5.500		04/01/38		885,055
	186,632	FGLMC		5.500		05/01/38		208,031
	21,545	FGLMC		5.500		06/01/38		24,015
	55,670	FGLMC		6.000		07/01/38		62,481

101

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	90,272	FGLMC		5.500	%	08/01/38	$	101,191
	720,859	FGLMC		5.500		08/01/38		803,513
	83,286	FGLMC		5.000		09/01/38		92,168
	1,140,297	FGLMC		5.500		09/01/38		1,271,043
	322,373	FGLMC		5.500		09/01/38		359,336
	16,764	FGLMC		5.500		10/01/38		18,686
	417,157	FGLMC		6.000		11/01/38		468,198
	2,859,118	FGLMC		5.500		01/01/39		3,186,943
	2,316,278	FGLMC		4.500		02/01/39		2,507,476
	1,176,363	FGLMC		5.000		02/01/39		1,301,821
	81,902	FGLMC		5.500		02/01/39		91,293
	14,597	FGLMC		4.500		03/01/39		15,802
	411,011	FGLMC		5.000		03/01/39		459,496
	63,305	FGLMC		6.000		03/01/39		71,051
	2,734,520	FGLMC		4.500		04/01/39		2,974,136
	60,259	FGLMC		4.500		04/01/39		65,899
	808,312	FGLMC		4.000		05/01/39		857,477
	1,565,448	FGLMC		4.500		05/01/39		1,694,668
	9,232,776	FGLMC		4.500		05/01/39		10,076,694
	448,868	FGLMC		4.500		05/01/39		485,920
	21,242	FGLMC		4.500		05/01/39		22,998
	401,809	FGLMC		5.000		05/01/39		445,486
	1,047,355	FGLMC		4.000		06/01/39		1,111,059
	229,562	FGLMC		4.500		06/01/39		248,511
	5,001,313	FGLMC		4.500		06/01/39		5,415,534
	87,427	FGLMC		5.000		06/01/39		96,752
	34,213	FGLMC		5.500		06/01/39		38,136
	1,149,944	FGLMC		4.000		07/01/39		1,219,887
	49,616	FGLMC		4.500		07/01/39		53,725
	97,187	FGLMC		4.500		07/01/39		105,222
	606,348	FGLMC		4.500		07/01/39		656,734
	347,981	FGLMC		5.000		07/01/39		385,093
	572,268	FGLMC		5.500		07/01/39		637,884
	46,563	FGLMC		4.500		08/01/39		50,422
	124,986	FGLMC		5.000		08/01/39		138,316
	564,442	FGLMC		4.000		09/01/39		598,774
	3,126,684	FGLMC		5.000		09/01/39		3,460,143
	918,925	FGLMC		5.000		09/01/39		1,028,787
	29,639	FGLMC		5.500		09/01/39		33,610
	1,400,440	FGLMC		6.500		09/01/39		1,578,066
	163,713	FGLMC		4.500		10/01/39		179,248
	128,728	FGLMC		4.500		10/01/39		141,034
	398,458	FGLMC		4.500		10/01/39		431,508
	65,996	FGLMC		4.000		11/01/39		70,010
	289,114	FGLMC		4.500		11/01/39		313,034
	16,498	FGLMC		5.000		11/01/39		18,261
	98,462	FGLMC		5.000		11/01/39		108,963
	326,946	FGLMC		4.500		12/01/39		357,012
	232,175	FGLMC		4.500		12/01/39		251,522
	545,391	FGLMC		4.500		12/01/39		590,476
	932,988	FGLMC		4.500		12/01/39		1,013,718
	477,855	FGLMC		5.500		12/01/39		532,645

102

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	560,567	FGLMC		4.500	%	01/01/40	$	606,839
	42,928	FGLMC		5.000		01/01/40		48,063
	101,811	FGLMC		5.500		01/01/40		113,485
	191,247	FGLMC		5.500		03/01/40		213,175
	2,354,539	FGLMC		4.000		04/01/40		2,497,750
	401,375	FGLMC		4.500		04/01/40		434,631
	87,210	FGLMC		4.500		04/01/40		95,264
	654,583	FGLMC		5.000		04/01/40		727,964
	270,475	FGLMC		5.000		04/01/40		299,407
	2,552,024	FGLMC		6.000		04/01/40		2,865,462
	6,265,698	FGLMC		4.500		05/01/40		6,783,465
	4,013,915	FGLMC		5.000		05/01/40		4,495,782
	14,298	FGLMC		4.500		06/01/40		15,483
	1,667,433	FGLMC		5.500		06/01/40		1,867,731
	3,096,494	FGLMC		4.500		07/01/40		3,352,645
	63,283	FGLMC		4.500		08/01/40		68,556
	679,164	FGLMC		5.000		08/01/40		752,498
	1,574,227	FGLMC		5.000		08/01/40		1,745,519
	158,194	FGLMC		5.000		08/01/40		175,465
	10,807,303	FGLMC		5.500		08/01/40		12,046,463
	864,309	FGLMC		4.000		09/01/40		916,879
	7,686,695	FGLMC		4.000		11/01/40		8,154,226
	4,412,615	FGLMC		4.000		12/01/40		4,681,005
	1,293,435	FGLMC		3.500		01/01/41		1,331,222
	1,000,634	FGLMC		3.500		01/01/41		1,029,867
	837,146	FGLMC		4.000		01/01/41		888,065
	733,693	FGLMC		3.500		02/01/41		755,128
	3,366,852	FGLMC		4.000		02/01/41		3,571,636
	1,192,555	FGLMC		4.000		02/01/41		1,265,090
	4,972,331	FGLMC		4.000		04/01/41		5,274,766
	1,025,352	FGLMC		4.500		04/01/41		1,110,198
	258,345	FGLMC		5.000		04/01/41		286,701
	1,025,571	FGLMC		4.500		05/01/41		1,111,069
	1,255,257	FGLMC		4.500		06/01/41		1,359,518
	2,620,507	FGLMC		3.500		10/01/41		2,697,063
	2,430,511	FGLMC		5.000		10/01/41		2,703,138
	3,079,798	FGLMC		3.500		11/01/41		3,169,773
	1,607,281	FGLMC		4.500		12/01/41		1,741,326
	10,550,141	FGLMC		3.500		01/01/42		10,858,357
	3,125,472	FGLMC		3.500		02/01/42		3,216,781
	3,938,285	FGLMC		3.500		04/01/42		4,053,340
	7,142,079	FGLMC		4.000		05/01/42		7,577,552
	4,372,981	FGLMC		3.500		07/01/42		4,500,735
	1,119,960	FGLMC		3.000		08/01/42		1,106,133
	4,532,916	FGLMC		3.000		10/01/42		4,476,879
	6,727,422	FGLMC		3.000		10/01/42		6,644,288
	2,179,612	FGLMC		3.500		12/01/42		2,243,288
	5,371,507	FGLMC		2.500		01/01/43		5,090,433
	12,417,909	FGLMC		3.000		01/01/43		12,264,342
	18,847,913	FGLMC		3.000		04/01/43		18,614,717
	7,466,259	FGLMC		3.500		05/01/43		7,684,381
	7,246,038	FGLMC		3.000		08/01/43		7,156,345

103

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	4,825,542	FGLMC		3.000	%	08/01/43	$	4,765,810
	7,683,937	FGLMC		3.500		08/01/43		7,908,419
	7,207,298	FGLMC		4.000		11/01/43		7,645,671
	9,868,364	FGLMC		3.500		02/01/44		10,156,662
	9,594,316	FGLMC		4.000		02/01/44		10,177,876
	654,072	Federal National Mortgage Association (FNMA)		4.640		11/01/14		653,893
	208	FNMA		6.000		04/01/16		209
	18,951	FNMA		5.500		09/01/16		20,127
	2,014	FNMA		6.500		10/01/16		2,078
	21,850	FNMA		6.500		11/01/16		22,716
	12,919	FNMA		6.500		04/01/17		13,586
	12,317	FNMA		6.000		05/01/17		12,968
	49,822	FNMA		5.000		09/01/17		52,852
	9,065	FNMA		6.000		11/01/17		9,475
	575,493	FNMA		5.000		12/01/17		610,517
	8,117	FNMA		5.000		12/01/17		8,610
	112,415	FNMA		5.000		12/01/17		119,242
	916,521	FNMA		5.000		01/01/18		972,308
	841,163	FNMA		4.500		02/01/18		893,201
	127,187	FNMA		4.500		04/01/18		135,069
	24,204	FNMA		5.000		04/01/18		25,679
	20,179	FNMA		5.500		04/01/18		21,458
	200,856	FNMA		5.500		04/01/18		213,364
	10,813	FNMA		5.500		05/01/18		11,485
	368,661	FNMA		4.500		06/01/18		391,231
	431,626	FNMA		4.000		08/01/18		458,841
	37,213	FNMA		4.000		08/01/18		39,570
	107,619	FNMA		4.500		09/01/18		114,301
	76,743	FNMA		4.500		10/01/18		81,514
	226,728	FNMA		5.000		11/01/18		241,300
	4,402	FNMA		5.000		01/01/19		4,671
	12,117	FNMA		6.000		01/01/19		13,635
	25,181	FNMA		4.500		05/01/19		26,747
	11,137	FNMA		4.500		06/01/19		11,832
	60,786	FNMA		4.500		06/01/19		64,575
	67,455	FNMA		5.000		07/01/19		71,567
	316,124	FNMA		5.000		10/01/19		336,549
	43,106	FNMA		4.500		11/01/19		45,786
	37,800	FNMA		4.500		12/01/19		40,160
	44,046	FNMA		5.000		03/01/20		46,739
	14,811	FNMA		5.000		04/01/20		15,994
	28,725	FNMA		4.500		06/01/20		30,508
	21,156	FNMA		4.500		09/01/20		22,473
	21,145	FNMA		4.500		10/01/20		22,487
	31,353	FNMA		4.500		11/01/20		33,299
	61,258	FNMA		5.000		12/01/20		66,104
	171,613	FNMA		5.500		01/01/21		182,262
	1,737,578	FNMA		5.500		01/01/21		1,846,106
	71,748	FNMA		5.000		03/01/21		76,145
	52,313	FNMA		5.500		08/01/21		57,147
	15,228	FNMA		6.000		08/01/21		16,685
	10,186	FNMA		5.000		10/01/21		11,000

104

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	25,632	FNMA		5.000	%	11/01/21	$	27,283
	11,237	FNMA		5.500		11/01/21		12,271
	34,518	FNMA		5.500		10/01/22		37,836
	16,774	FNMA		6.000		10/01/22		18,646
	9,394	FNMA		5.000		03/01/23		10,161
	27,675	FNMA		4.500		04/01/23		29,504
	226,590	FNMA		4.500		06/01/23		241,483
	20,686	FNMA		5.000		06/01/23		22,554
	24,083	FNMA		5.500		06/01/23		26,943
	55,694	FNMA		5.000		07/01/23		60,237
	244,276	FNMA		5.000		07/01/23		266,360
	28,768	FNMA		5.500		08/01/23		31,551
	44,848	FNMA		5.000		11/01/23		49,835
	16,236	FNMA		5.500		11/01/23		17,622
	590,447	FNMA		5.500		01/01/24		645,549
	41,913	FNMA		5.500		02/01/24		47,001
	228,060	FNMA		4.000		03/01/24		243,865
	16,119	FNMA		4.500		04/01/24		17,271
	270,041	FNMA		4.000		05/01/24		288,758
	865,283	FNMA		4.000		05/01/24		922,011
	20,588	FNMA		4.000		06/01/24		22,015
	26,428	FNMA		4.500		07/01/24		28,585
	22,985	FNMA		5.500		07/01/24		25,792
	428	FNMA		8.000		07/01/24		496
	137,280	FNMA		4.500		08/01/24		147,150
	501,224	FNMA		4.000		09/01/24		535,778
	118,119	FNMA		4.000		09/01/24		126,308
	59,795	FNMA		4.500		09/01/24		64,094
	1,121,630	FNMA		4.500		10/01/24		1,202,041
	58,536	FNMA		5.000		01/01/25		65,045
	111,660	FNMA		4.500		02/01/25		119,681
	21,415	FNMA		4.500		03/01/25		22,956
	804,029	FNMA		4.500		03/01/25		861,912
	245,570	FNMA		5.000		03/01/25		272,878
	632,058	FNMA		4.500		04/01/25		677,343
	247,325	FNMA		4.500		04/01/25		264,889
	2,821,681	FNMA		4.000		05/01/25		3,022,998
	841,762	FNMA		4.000		06/01/25		901,830
	734,055	FNMA		4.500		06/01/25		786,920
	275,666	FNMA		4.000		08/01/25		295,332
	111,244	FNMA		5.500		08/01/25		125,968
	1,470,172	FNMA		3.500		09/01/25		1,559,973
	1,391,460	FNMA		4.000		09/01/25		1,488,131
	1,608,159	FNMA		3.500		10/01/25		1,706,390
	1,631,681	FNMA		3.500		10/01/25		1,731,348
	532,385	FNMA		5.000		10/01/25		591,588
	1,020,242	FNMA		4.000		11/01/25		1,093,067
	1,499,807	FNMA		3.500		12/01/25		1,591,419
	6,365,123	FNMA		3.500		02/01/26		6,753,919
	1,005,195	FNMA		3.500		02/01/26		1,066,594
	327,127	FNMA		4.000		03/01/26		350,484
	901,450	FNMA		4.000		06/01/26		965,600

105

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	873,337	FNMA		3.500	%	08/01/26	$	926,683
	676,594	FNMA		3.500		09/01/26		717,922
	397,251	FNMA		4.000		09/01/26		425,602
	1,027,277	FNMA		3.500		10/01/26		1,090,026
	21,424	FNMA		6.000		10/01/26		24,198
	1,460,412	FNMA		3.000		11/01/26		1,518,887
	1,187,257	FNMA		3.000		12/01/26		1,234,796
	3,213,129	FNMA		3.000		01/01/27		3,341,783
	2,519,531	FNMA		3.500		02/01/27		2,673,430
	3,731,371	FNMA		3.000		04/01/27		3,880,776
	2,344,492	FNMA		3.000		04/01/27		2,438,367
	1,547,957	FNMA		3.500		05/01/27		1,642,510
	1,389,666	FNMA		2.500		06/01/27		1,413,580
	3,872,229	FNMA		3.000		06/01/27		4,027,274
	1,640,456	FNMA		2.500		07/01/27		1,668,687
	3,257,523	FNMA		2.500		09/01/27		3,313,586
	59,008	FNMA		5.500		09/01/27		66,696
	5,643,961	FNMA		2.500		10/01/27		5,741,094
	3,828,600	FNMA		3.000		11/01/27		3,981,898
	8,227	FNMA		5.500		01/01/28		9,234
	13,016,123	FNMA		2.500		02/01/28		13,239,049
	9,657,198	FNMA		2.500		02/01/28		9,822,596
	6,772	FNMA		5.000		02/01/28		7,525
	10,524,849	FNMA		2.500		04/01/28		10,705,107
	7,163,937	FNMA		2.500		04/01/28		7,286,633
	42,415	FNMA		5.500		06/01/28		47,638
	2,781,382	FNMA		2.500		07/01/28		2,829,018
	5,615,179	FNMA		2.500		08/01/28		5,711,350
	8,018,032	FNMA		3.000		10/01/28		8,339,076
	6,641	FNMA		5.500		11/01/28		7,458
	32	FNMA		7.500		01/01/29		36
	56,640	FNMA		4.000		03/01/29		60,195
	208,380	FNMA		4.500		04/01/29		225,768
	449	FNMA		6.500		04/01/29		507
	141,164	FNMA		4.000		05/01/29		151,138
	77,239	FNMA		4.500		06/01/29		83,684
	27,027	FNMA		4.000		07/01/29		28,933
	3,477	FNMA		7.500		07/01/29		3,607
	510,423	FNMA		4.500		08/01/29		555,920
	88,484	FNMA		4.500		09/01/29		96,434
	69,055	FNMA		4.500		11/01/29		76,377
	25,567	FNMA		4.500		01/01/30		27,864
	66,989	FNMA		4.000		03/01/30		71,700
	29,970	FNMA		4.500		05/01/30		32,898
	42,099	FNMA		4.500		06/01/30		45,901
	367,850	FNMA		4.500		08/01/30		402,353
	76,846	FNMA		4.000		09/01/30		82,657
	425,662	FNMA		4.000		10/01/30		457,976
	4,362,946	FNMA		4.000		11/01/30		4,693,793
	627,775	FNMA		4.000		11/01/30		675,312
	170,486	FNMA		4.500		12/01/30		186,514
	202,217	FNMA		3.500		02/01/31		211,452

106

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	245,577	FNMA		4.000	%	02/01/31	$	264,183
	281	FNMA		7.500		02/01/31		298
	1,630	FNMA		7.500		03/01/31		1,923
	568,773	FNMA		3.500		04/01/31		594,710
	74,656	FNMA		4.000		04/01/31		80,316
	7,085	FNMA		6.000		05/01/31		8,001
	1,335	FNMA		7.500		05/01/31		1,449
	2,096,102	FNMA		4.500		07/01/31		2,321,277
	394,296	FNMA		4.500		07/01/31		431,303
	2,324,081	FNMA		4.000		08/01/31		2,501,201
	162,781	FNMA		4.000		09/01/31		175,179
	591	FNMA		6.500		09/01/31		667
	64,653	FNMA		6.000		11/01/31		73,641
	7,703	FNMA		6.500		11/01/31		8,686
	3,814,016	FNMA		3.500		01/01/32		4,000,151
	25,848	FNMA		6.000		01/01/32		29,106
	24,926	FNMA		6.000		01/01/32		28,426
	1,540,220	FNMA		3.500		02/01/32		1,615,461
	18,879	FNMA		6.000		02/01/32		21,494
	63,131	FNMA		6.500		04/01/32		72,731
	139,566	FNMA		6.500		07/01/32		159,000
	16,704	FNMA		6.500		08/01/32		19,059
	1,458,747	FNMA		3.000		09/01/32		1,488,814
	142,937	FNMA		6.000		09/01/32		160,902
	33,458	FNMA		7.500		09/01/32		38,153
	4,292,000	FNMA		3.000		10/01/32		4,380,464
	80,198	FNMA		5.500		10/01/32		90,083
	43,936	FNMA		6.000		10/01/32		49,477
	35,005	FNMA		6.000		11/01/32		39,745
	39,327	FNMA		5.500		12/01/32		44,175
	5,438	FNMA		5.500		12/01/32		6,091
	67,241	FNMA		6.000		12/01/32		76,331
	354,365	FNMA		5.500		01/01/33		398,044
	695,731	FNMA		6.000		01/01/33		787,059
	364,413	FNMA		5.000		02/01/33		405,871
	20,476	FNMA		5.000		02/01/33		22,841
	2,768,131	FNMA		3.000		04/01/33		2,825,198
	4,096,488	FNMA		3.500		04/01/33		4,291,643
	17,050	FNMA		6.000		04/01/33		19,399
	2,494,403	FNMA		5.500		05/01/33		2,804,839
	143,128	FNMA		5.000		06/01/33		159,756
	302,718	FNMA		5.500		06/01/33		340,215
	38,162	FNMA		4.500		07/01/33		41,466
	113,845	FNMA		5.000		07/01/33		126,763
	34,752	FNMA		4.500		08/01/33		37,652
	244,570	FNMA		4.500		08/01/33		265,639
	70,786	FNMA		5.000		08/01/33		78,963
	90,831	FNMA		5.500		09/01/33		101,620
	294,695	FNMA		5.500		09/01/33		331,156
	33,714	FNMA		6.000		09/01/33		37,937
	395,697	FNMA		4.500		10/01/33		429,945
	73,332	FNMA		5.000		10/01/33		81,675

107

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	62,517		FNMA		5.000	%	10/01/33	$	69,755
	1,184,106		FNMA		5.500		10/01/33		1,349,785
	529,777		FNMA		5.500		10/01/33		596,193
	28,341		FNMA		4.500		11/01/33		30,797
	5,032,820		FNMA		5.000		11/01/33		5,619,863
	73,483		FNMA		5.000		11/01/33		81,948
	596,523		FNMA		5.000		12/01/33		666,185
	644,470		FNMA		5.500		12/01/33		732,095
	5,684,058		FNMA		3.000		01/01/34		5,790,705
	224,200		FNMA		5.000		02/01/34		250,371
	878,827		FNMA		6.000		02/01/34		996,379
	56,472		FNMA		5.000		03/01/34		63,016
	32,768		FNMA		5.000		03/01/34		36,574
	1,341,453		FNMA		5.000		03/01/34		1,497,322
	19,382		FNMA		5.000		03/01/34		21,635
	23,698		FNMA		5.000		03/01/34		26,446
	69,864		FNMA		5.000		03/01/34		77,982
	205,141		FNMA		5.000		04/01/34		228,263
	206,459		FNMA		5.500		04/01/34		232,114
	115,417		FNMA		4.500		05/01/34		125,226
	31,654		FNMA		4.500		05/01/34		34,359
	74,232		FNMA		5.500		07/01/34		83,484
	46,800		FNMA		5.500		07/01/34		52,598
	64,101		FNMA		7.000		07/01/34		74,976
	65,844		FNMA		5.000		08/01/34		73,368
	564,782		FNMA		5.000		08/01/34		629,225
	304,212		FNMA		6.000		08/01/34		344,790
	54,030		FNMA		6.000		08/01/34		61,214
	32,305		FNMA		4.500		09/01/34		35,050
	1,166,354		FNMA		5.500		09/01/34		1,311,278
	10,882		FNMA		5.500		11/01/34		12,241
	23,940		FNMA		6.000		11/01/34		26,956
	17,673		FNMA		5.000		12/01/34		19,696
	11,131		FNMA		5.500		12/01/34		12,518
	35,896		FNMA		6.000		12/01/34		40,701
	1,564,069		FNMA		4.500		01/01/35		1,699,273
	95,976		FNMA		5.500		01/01/35		107,376
	3,641,140		FNMA		5.500		02/01/35		4,092,599
	151,219		FNMA		5.500		02/01/35		169,987
	1,017,311		FNMA		5.500		04/01/35		1,147,738
	146,815		FNMA		6.000		04/01/35		166,402
	128,221		FNMA		6.000		04/01/35		145,311
	103,765		FNMA		5.500		05/01/35		116,091
	198,128		FNMA		6.000		05/01/35		223,320
	61,377		FNMA		5.000		06/01/35		68,349
	5,145		FNMA		7.500		06/01/35		5,624
	6,439	i	FNMA		3.759		07/01/35		6,859
	163,495		FNMA		5.000		07/01/35		182,702
	356,102		FNMA		4.500		08/01/35		386,263
	266,492		FNMA		5.000		08/01/35		296,127
	529,523		FNMA		5.000		08/01/35		588,726
	18,686		FNMA		4.500		09/01/35		20,299

108

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	16,124		FNMA		4.500	%	09/01/35	$	17,469
	39,317		FNMA		5.500		09/01/35		44,218
	350,375		FNMA		5.000		10/01/35		389,801
	583,697		FNMA		5.500		10/01/35		663,729
	20,457		FNMA		5.000		11/01/35		22,559
	599,651		FNMA		5.500		11/01/35		672,338
	8,259		FNMA		4.500		12/01/35		8,948
	98,474		FNMA		5.500		12/01/35		110,171
	308,523		FNMA		6.000		12/01/35		347,169
	183,741	i	FNMA		2.261		02/01/36		196,914
	80,944		FNMA		5.000		02/01/36		88,247
	1,383,644		FNMA		5.000		02/01/36		1,539,055
	131,866		FNMA		6.500		02/01/36		148,858
	664,665		FNMA		6.000		03/01/36		747,922
	12,979		FNMA		5.000		05/01/36		14,423
	1,045,124		FNMA		6.000		06/01/36		1,179,536
	157,146	i	FNMA		2.379		07/01/36		169,961
	54,565		FNMA		6.000		07/01/36		61,543
	376,879		FNMA		6.500		07/01/36		428,609
	839,822		FNMA		5.500		08/01/36		939,581
	481,370		FNMA		6.500		08/01/36		545,675
	38,698		FNMA		5.500		09/01/36		43,475
	75,894		FNMA		6.500		09/01/36		85,574
	26,564		FNMA		6.500		09/01/36		29,952
	96,265		FNMA		6.000		10/01/36		108,781
	43,170		FNMA		6.500		11/01/36		48,676
	14,843	i	FNMA		2.475		12/01/36		15,908
	275,607		FNMA		6.000		12/01/36		311,072
	46,483	i	FNMA		2.513		01/01/37		49,771
	109,784		FNMA		5.500		01/01/37		122,905
	8,226	i	FNMA		1.909		02/01/37		8,815
	811,834		FNMA		5.500		02/01/37		908,365
	25,007		FNMA		6.000		02/01/37		28,155
	38,865		FNMA		7.000		02/01/37		44,102
	17,930	i	FNMA		2.308		03/01/37		19,103
	3,941		FNMA		5.000		03/01/37		4,379
	291,025		FNMA		6.500		03/01/37		328,144
	119,834		FNMA		6.500		03/01/37		135,118
	9,344	i	FNMA		5.490		04/01/37		10,025
	177,559		FNMA		7.000		04/01/37		191,880
	262,286		FNMA		5.000		05/01/37		291,453
	10,559		FNMA		7.000		05/01/37		10,955
	45,910	i	FNMA		3.119		06/01/37		48,919
	84,472		FNMA		5.500		06/01/37		94,507
	69,742		FNMA		5.500		08/01/37		78,334
	26,895		FNMA		6.000		08/01/37		30,390
	154,744		FNMA		6.500		08/01/37		174,481
	42,007		FNMA		6.500		08/01/37		47,365
	55,791		FNMA		5.500		09/01/37		62,418
	129,285		FNMA		6.000		09/01/37		145,480
	419,805		FNMA		6.000		09/01/37		472,390
	159,429		FNMA		6.000		09/01/37		180,653

109

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	356,367		FNMA		6.000	%	09/01/37	$	407,134
	117,219		FNMA		6.000		09/01/37		132,998
	25,768		FNMA		6.500		09/01/37		29,054
	165,046		FNMA		6.500		09/01/37		186,096
	474,130	i	FNMA		2.400		10/01/37		508,560
	68,817		FNMA		6.500		10/01/37		77,595
	517,427		FNMA		5.500		11/01/37		578,890
	1,068,869		FNMA		6.000		11/01/37		1,202,758
	56,199		FNMA		7.000		11/01/37		64,288
	5,109		FNMA		6.500		01/01/38		5,766
	294,832		FNMA		5.500		02/01/38		329,854
	30,541		FNMA		6.500		02/01/38		34,436
	60,859		FNMA		7.000		02/01/38		66,644
	71,217	i	FNMA		2.395		03/01/38		76,498
	29,863		FNMA		5.000		03/01/38		33,184
	22,383		FNMA		5.000		03/01/38		24,872
	58,504		FNMA		5.500		03/01/38		65,454
	17,781		FNMA		6.000		03/01/38		20,271
	65,678		FNMA		6.500		03/01/38		74,055
	87,830		FNMA		6.500		03/01/38		99,039
	484,495		FNMA		6.500		03/01/38		554,313
	30,541		FNMA		6.500		03/01/38		34,436
	35,196		FNMA		5.000		04/01/38		39,110
	1,151,923		FNMA		5.500		04/01/38		1,288,756
	811,647		FNMA		6.000		04/01/38		913,316
	48,120		FNMA		4.500		05/01/38		52,135
	2,795,304		FNMA		5.000		05/01/38		3,109,031
	924,183		FNMA		5.000		05/01/38		1,026,954
	2,913,633		FNMA		6.000		06/01/38		3,278,600
	3,583,182		FNMA		6.500		06/01/38		4,040,193
	766,950		FNMA		6.000		07/01/38		863,753
	6,380	i	FNMA		2.500		08/01/38		6,852
	10,640	i	FNMA		4.731		08/01/38		11,279
	2,605,194		FNMA		6.000		09/01/38		2,931,526
	83,182	i	FNMA		2.005		10/01/38		88,756
	10,393		FNMA		6.000		10/01/38		11,695
	71,264		FNMA		5.500		11/01/38		79,729
	12,943		FNMA		5.000		12/01/38		14,382
	2,093,044		FNMA		5.500		12/01/38		2,349,446
	375,127		FNMA		4.500		01/01/39		406,430
	452,542		FNMA		5.000		01/01/39		502,866
	8,584,655		FNMA		5.000		01/01/39		9,539,284
	1,338,878		FNMA		5.500		01/01/39		1,497,919
	332,695		FNMA		5.500		01/01/39		372,215
	80,220		FNMA		6.000		01/01/39		90,269
	152,949		FNMA		6.000		01/01/39		172,107
	630,049		FNMA		4.500		02/01/39		682,831
	572,663		FNMA		4.500		02/01/39		620,449
	1,304,356		FNMA		4.500		02/01/39		1,413,988
	24,690		FNMA		5.500		02/01/39		27,638
	1,213,210		FNMA		4.000		04/01/39		1,289,359
	37,966		FNMA		5.500		04/01/39		42,662

110

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	493,908		FNMA		4.500	%	05/01/39	$	535,122
	1,882,600		FNMA		4.500		05/01/39		2,055,677
	492,645		FNMA		4.500		06/01/39		534,289
	1,147,070		FNMA		4.500		06/01/39		1,243,581
	1,024,870		FNMA		5.500		06/01/39		1,146,610
	27,391	i	FNMA		4.072		07/01/39		28,761
	216,127		FNMA		4.500		07/01/39		234,197
	339,631		FNMA		4.500		07/01/39		368,201
	37,123		FNMA		5.000		07/01/39		41,393
	52,655	i	FNMA		3.561		08/01/39		55,949
	210,213	i	FNMA		3.718		08/01/39		222,158
	4,167,444		FNMA		4.000		08/01/39		4,429,019
	606,181		FNMA		4.000		08/01/39		644,229
	2,477,919		FNMA		4.500		08/01/39		2,707,641
	51,445		FNMA		4.500		08/01/39		56,416
	1,012,991		FNMA		4.500		08/01/39		1,098,070
	47,567		FNMA		5.000		08/01/39		52,857
	4,206,978		FNMA		5.000		08/01/39		4,674,801
	1,382,906		FNMA		4.000		09/01/39		1,469,706
	83,060		FNMA		5.000		09/01/39		92,303
	574,191		FNMA		5.500		09/01/39		649,899
	419,682		FNMA		6.000		09/01/39		472,391
	1,721,963		FNMA		6.500		10/01/39		1,941,588
	69,426		FNMA		5.000		11/01/39		77,934
	1,937,859		FNMA		4.000		12/01/39		2,059,491
	177,408		FNMA		4.500		12/01/39		193,979
	6,755,791		FNMA		4.500		12/01/39		7,321,062
	489,725		FNMA		4.500		12/01/39		530,681
	67,140	i	FNMA		3.642		01/01/40		71,152
	113,023		FNMA		4.500		01/01/40		122,523
	147,685		FNMA		5.000		01/01/40		164,785
	1,012,098		FNMA		6.000		02/01/40		1,138,876
	1,234,658		FNMA		4.500		03/01/40		1,337,730
	563,823		FNMA		4.500		03/01/40		610,872
	67,145		FNMA		5.000		03/01/40		74,715
	58,761		FNMA		4.500		04/01/40		63,665
	2,259,046		FNMA		5.000		04/01/40		2,513,692
	1,883,583		FNMA		5.000		04/01/40		2,101,145
	221,208	i	FNMA		3.485		05/01/40		236,158
	341,049	i	FNMA		3.620		05/01/40		365,193
	522,781	i	FNMA		3.762		05/01/40		559,117
	57,843		FNMA		4.500		05/01/40		63,131
	173,740		FNMA		4.500		07/01/40		188,298
	145,248		FNMA		4.500		07/01/40		157,420
	195,752		FNMA		5.000		07/01/40		217,822
	109,904	i	FNMA		3.376		08/01/40		116,931
	1,832,922		FNMA		4.500		08/01/40		1,985,871
	1,343,299		FNMA		4.500		08/01/40		1,455,391
	1,469,694		FNMA		5.000		08/01/40		1,634,467
	2,794,832		FNMA		4.500		09/01/40		3,028,305
	1,117,787		FNMA		4.500		09/01/40		1,211,484
	2,949,790		FNMA		6.000		09/01/40		3,323,400

111

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	407,552		FNMA		3.500	%	10/01/40	$	420,180
	4,987,762		FNMA		4.000		10/01/40		5,300,826
	1,934,624		FNMA		4.000		10/01/40		2,056,054
	3,060,813		FNMA		4.500		10/01/40		3,316,641
	2,882,370		FNMA		3.500		11/01/40		2,971,679
	3,215,289		FNMA		4.000		11/01/40		3,417,101
	3,719,062		FNMA		4.000		11/01/40		3,952,494
	2,162,992		FNMA		4.000		11/01/40		2,298,755
	386,327		FNMA		4.500		11/01/40		419,347
	418,758	i	FNMA		3.280		12/01/40		441,516
	1,084,623		FNMA		4.000		12/01/40		1,152,701
	9,349,130		FNMA		4.500		12/01/40		10,130,541
	108,566		FNMA		3.500		01/01/41		111,930
	258,342	i	FNMA		3.162		02/01/41		275,379
	623,392		FNMA		3.500		02/01/41		642,708
	3,056,530		FNMA		4.000		02/01/41		3,248,377
	2,952,706		FNMA		4.000		03/01/41		3,138,036
	2,390,643		FNMA		4.500		04/01/41		2,590,485
	3,178,961		FNMA		4.500		05/01/41		3,453,599
	625,236		FNMA		4.500		05/01/41		677,596
	2,023,888		FNMA		4.500		06/01/41		2,193,137
	665,321	i	FNMA		3.245		07/01/41		701,727
	2,247,023		FNMA		4.500		07/01/41		2,435,092
	5,836,331		FNMA		4.000		09/01/41		6,203,793
	3,386,259		FNMA		4.500		09/01/41		3,668,827
	1,343,122		FNMA		5.500		09/01/41		1,502,666
	1,174,823	i	FNMA		2.933		10/01/41		1,230,513
	213,250	i	FNMA		3.097		10/01/41		223,492
	1,466,348		FNMA		3.500		11/01/41		1,511,782
	1,689,700		FNMA		3.500		11/01/41		1,742,054
	2,092,515	i	FNMA		2.835		12/01/41		2,179,904
	2,089,900		FNMA		4.000		12/01/41		2,222,810
	4,390,666		FNMA		3.500		03/01/42		4,526,709
	3,449,271		FNMA		4.000		03/01/42		3,665,769
	2,781,934		FNMA		3.500		04/01/42		2,873,058
	8,200,215		FNMA		3.500		04/01/42		8,454,294
	4,524,875		FNMA		4.500		04/01/42		4,902,455
	3,615,379		FNMA		5.000		04/01/42		4,072,251
	3,064,418		FNMA		4.000		05/01/42		3,256,760
	4,274,201		FNMA		5.000		05/01/42		4,764,926
	2,402,203		FNMA		3.000		06/01/42		2,375,895
	12,889,730		FNMA		3.500		06/01/42		13,289,113
	12,439,171		FNMA		4.000		06/01/42		13,220,677
	6,920,533		FNMA		4.000		06/01/42		7,362,741
	19,474,625		FNMA		3.500		07/01/42		20,078,036
	3,725,727		FNMA		4.500		07/01/42		4,044,246
	4,221,057		FNMA		3.500		08/01/42		4,351,844
	5,341,164		FNMA		3.000		09/01/42		5,282,671
	7,954,182		FNMA		3.500		09/01/42		8,200,638
	11,343,539		FNMA		3.000		10/01/42		11,219,313
	4,257,709		FNMA		3.500		10/01/42		4,389,632
	3,735,988		FNMA		2.500		01/01/43		3,546,091

112

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	13,729,032		FNMA		3.000	%	01/01/43	$	13,578,681
	18,694,944		FNMA		3.000		02/01/43		18,490,209
	14,100,173		FNMA		3.000		04/01/43		13,945,758
	4,708,385		FNMA		3.000		04/01/43		4,656,822
	3,286,816	i	FNMA		2.184		06/01/43		3,312,271
	15,186,537		FNMA		3.000		06/01/43		15,020,224
	4,551,935	i	FNMA		1.750		07/01/43		4,621,465
	11,490,414		FNMA		3.000		07/01/43		11,364,579
	11,897,172		FNMA		3.500		07/01/43		12,265,800
	5,372,511		FNMA		4.000		08/01/43		5,714,252
	7,780,467		FNMA		3.000		09/01/43		7,695,261
	12,064,668		FNMA		3.500		09/01/43		12,438,485
	7,337,936		FNMA		3.500		10/01/43		7,565,298
	2,035,299		FNMA		4.500		10/01/43		2,205,136
	4,799,734		FNMA		4.000		11/01/43		5,100,996
	11,452,194		FNMA		4.000		11/01/43		12,171,006
	3,530,778		FNMA		4.500		12/01/43		3,825,406
	9,737,636		FNMA		4.000		01/01/44		10,348,831
	9,956,990		FNMA		4.000		05/01/44		10,581,953
	10,357		Government National Mortgage Association (GNMA)		5.000		02/15/18		10,973
	44,835		GNMA		4.500		02/15/19		47,250
	15,556		GNMA		4.500		01/20/24		16,541
	86,291		GNMA		4.000		04/15/24		91,846
	11,808		GNMA		4.500		07/15/24		12,588
	292,015		GNMA		4.000		08/15/24		310,742
	84,469		GNMA		4.500		08/15/24		90,050
	254,742		GNMA		4.000		09/15/24		271,026
	38,999		GNMA		4.500		01/15/25		41,560
	317,340		GNMA		4.000		08/15/25		337,535
	174,690		GNMA		3.500		03/15/26		186,169
	220,831		GNMA		4.000		04/15/26		234,884
	187,329		GNMA		4.000		06/20/26		199,903
	284,319		GNMA		3.500		11/20/26		301,830
	1,355,862		GNMA		3.000		12/15/26		1,419,743
	3,817,545		GNMA		2.500		04/20/27		3,928,764
	2,321,911		GNMA		2.500		09/20/27		2,389,609
	3,562		GNMA		6.500		09/15/28		4,062
	1,348		GNMA		6.500		09/15/28		1,532
	4,867		GNMA		6.500		11/15/28		5,529
	1,278		GNMA		7.500		11/15/28		1,453
	4,532,685		GNMA		3.500		11/20/28		4,811,991
	9,020		GNMA		8.500		10/15/30		9,792
	6,123		GNMA		8.500		10/20/30		7,261
	653		GNMA		8.500		12/15/30		787
	931		GNMA		7.000		06/20/31		1,106
	1,026		GNMA		6.500		07/15/31		1,168
	3,402		GNMA		7.000		07/15/31		3,695
	2,130		GNMA		7.000		07/15/31		2,391
	333,593		GNMA		6.000		10/15/32		385,632
	56,235		GNMA		5.500		12/20/32		63,290
	128,887		GNMA		5.500		05/15/33		145,414
	22,186		GNMA		5.000		07/15/33		24,620

113

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	81,318	GNMA		5.500	%	07/15/33	$	91,542
	18,821	GNMA		5.000		07/20/33		20,894
	100,535	GNMA		5.000		08/15/33		110,576
	47,731	GNMA		5.000		08/15/33		52,761
	286,386	GNMA		5.500		09/15/33		325,736
	235,350	GNMA		6.000		11/20/33		272,187
	104,529	GNMA		5.500		05/20/34		117,572
	146,251	GNMA		6.000		09/20/34		167,289
	14,493	GNMA		5.000		10/20/34		16,088
	352,895	GNMA		5.500		11/15/34		398,143
	142,433	GNMA		6.500		01/15/35		166,184
	78,943	GNMA		5.500		02/20/35		88,599
	1,597,896	GNMA		5.000		03/20/35		1,772,902
	525,651	GNMA		5.000		04/15/35		583,240
	514,821	GNMA		5.500		05/20/35		579,250
	21,055	GNMA		5.000		09/20/35		23,333
	14,213	GNMA		5.000		11/15/35		15,630
	12,060	GNMA		5.000		11/15/35		13,340
	154,674	GNMA		5.500		02/20/36		172,893
	18,523	GNMA		5.500		03/15/36		20,866
	52,566	GNMA		5.500		05/20/36		58,743
	13,683	GNMA		6.500		06/15/36		15,548
	524,253	GNMA		5.500		06/20/36		585,654
	26,377	GNMA		5.000		09/15/36		29,205
	23,073	GNMA		6.000		09/15/36		25,944
	48,570	GNMA		6.000		10/20/36		55,225
	29,033	GNMA		5.000		12/15/36		32,208
	42,302	GNMA		5.500		01/15/37		47,263
	27,387	GNMA		6.000		01/20/37		31,127
	678,067	GNMA		5.500		02/15/37		760,560
	90,121	GNMA		6.000		02/20/37		102,427
	704,274	GNMA		6.000		04/15/37		810,026
	19,031	GNMA		6.500		04/15/37		21,623
	317,148	GNMA		6.000		04/20/37		355,600
	41,132	GNMA		6.000		06/15/37		46,427
	55,174	GNMA		6.000		08/20/37		62,716
	43,442	GNMA		6.500		08/20/37		49,069
	216,933	GNMA		6.500		11/20/37		245,031
	155,190	GNMA		6.000		12/15/37		174,483
	15,570	GNMA		5.000		02/20/38		17,150
	356,294	GNMA		5.000		04/15/38		391,655
	16,923	GNMA		5.500		05/20/38		18,976
	57,523	GNMA		5.500		06/15/38		64,731
	159,484	GNMA		6.000		06/20/38		181,587
	242,071	GNMA		5.500		07/15/38		270,356
	1,290,522	GNMA		5.000		07/20/38		1,422,422
	1,223,887	GNMA		5.500		07/20/38		1,367,231
	38,830	GNMA		5.500		08/15/38		43,375
	222,374	GNMA		6.000		08/15/38		249,977
	564,114	GNMA		6.000		08/15/38		634,136
	123,580	GNMA		6.000		08/20/38		140,589
	491,494	GNMA		6.000		09/20/38		559,161

114

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	70,359		GNMA		5.000	%	10/15/38	$	77,343
	30,785		GNMA		5.500		10/15/38		34,990
	21,597		GNMA		6.500		10/20/38		24,395
	42,141		GNMA		6.500		10/20/38		47,251
	8,626		GNMA		5.500		11/15/38		9,636
	85,808		GNMA		6.500		11/20/38		96,923
	685,404		GNMA		6.000		12/15/38		770,482
	9,035		GNMA		6.500		12/15/38		10,265
	74,897		GNMA		5.000		01/15/39		82,369
	2,506,872		GNMA		4.500		01/20/39		2,740,928
	226,270		GNMA		6.500		01/20/39		255,577
	86,183		GNMA		5.000		02/15/39		94,727
	40,005		GNMA		6.000		02/15/39		44,987
	119,885		GNMA		4.500		03/15/39		130,705
	823,185		GNMA		4.500		03/15/39		897,480
	27,950		GNMA		4.500		03/20/39		30,591
	51,905	i	GNMA		5.000		03/20/39		53,856
	402,872		GNMA		5.500		03/20/39		449,997
	47,318		GNMA		4.500		04/15/39		51,589
	857,546		GNMA		5.500		04/15/39		966,264
	17,293		GNMA		5.000		04/20/39		19,191
	85,193		GNMA		4.000		05/15/39		91,147
	1,334,115		GNMA		4.500		05/15/39		1,454,524
	735,778		GNMA		5.000		05/15/39		808,762
	89,813		GNMA		4.000		05/20/39		96,394
	243,757		GNMA		4.500		05/20/39		266,787
	5,003,401		GNMA		5.000		05/20/39		5,555,201
	3,539,065		GNMA		4.500		06/15/39		3,858,479
	33,079		GNMA		4.500		06/15/39		36,064
	41,041		GNMA		5.000		06/15/39		45,085
	3,118,068		GNMA		5.000		06/15/39		3,461,701
	37,453		GNMA		5.000		06/15/39		41,175
	88,727		GNMA		5.000		06/15/39		97,578
	3,283,268		GNMA		5.000		06/15/39		3,629,439
	52,576		GNMA		4.000		06/20/39		56,428
	33,275		GNMA		5.000		06/20/39		36,940
	3,937,062		GNMA		4.000		07/15/39		4,212,219
	66,044		GNMA		4.500		07/15/39		72,005
	122,208		GNMA		4.500		07/15/39		133,238
	4,136,674		GNMA		4.500		07/15/39		4,521,853
	42,945		GNMA		5.000		07/15/39		47,210
	552,930		GNMA		4.500		07/20/39		605,501
	489,382		GNMA		5.000		07/20/39		543,751
	43,377		GNMA		5.500		07/20/39		48,682
	202,340		GNMA		4.000		08/15/39		216,481
	792,285		GNMA		5.000		08/15/39		871,285
	51,907		GNMA		5.500		08/15/39		58,007
	125,882		GNMA		6.000		08/15/39		141,525
	139,307		GNMA		4.000		08/20/39		149,514
	137,685		GNMA		5.000		08/20/39		152,926
	75,060		GNMA		5.000		09/15/39		82,849
	188,776		GNMA		5.000		09/20/39		209,680

115

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	50,782		GNMA		4.500	%	10/15/39	$	55,365
	24,943		GNMA		5.000		10/15/39		27,432
	54,194		GNMA		4.500		10/20/39		59,356
	91,109		GNMA		4.500		11/15/39		99,593
	80,072		GNMA		4.500		11/20/39		87,702
	95,177		GNMA		5.000		11/20/39		105,785
	2,863,547		GNMA		4.500		12/15/39		3,121,993
	158,522		GNMA		4.500		12/15/39		172,829
	79,457		GNMA		4.500		12/20/39		87,057
	2,935,961		GNMA		5.000		12/20/39		3,263,177
	2,629,761		GNMA		4.500		01/20/40		2,881,060
	39,336		GNMA		5.500		01/20/40		44,419
	1,488,571		GNMA		5.500		02/15/40		1,664,009
	160,760		GNMA		4.000		03/15/40		171,995
	41,612		GNMA		5.000		03/15/40		45,941
	31,267		GNMA		4.500		04/15/40		34,169
	828,853		GNMA		5.000		04/15/40		914,839
	112,738		GNMA		4.500		04/20/40		123,485
	19,722		GNMA		4.500		05/15/40		21,559
	477,228		GNMA		5.000		05/15/40		526,627
	1,076,732	i	GNMA		3.000		05/20/40		1,124,271
	24,732		GNMA		4.500		05/20/40		27,094
	43,781		GNMA		4.500		06/15/40		47,783
	51,552		GNMA		4.500		06/15/40		56,315
	8,440,704		GNMA		4.500		06/15/40		9,226,884
	523,506		GNMA		5.000		06/20/40		581,730
	354,207		GNMA		4.500		07/15/40		387,014
	1,197,648		GNMA		4.500		07/15/40		1,308,197
	3,961,472		GNMA		4.500		07/20/40		4,340,591
	118,107		GNMA		5.000		07/20/40		131,248
	926,317		GNMA		4.000		08/15/40		991,056
	2,865,830		GNMA		4.000		08/15/40		3,066,120
	253,514		GNMA		4.500		08/15/40		277,027
	307,638		GNMA		4.500		08/20/40		337,124
	236,498		GNMA		4.500		09/20/40		259,164
	62,690		GNMA		5.500		09/20/40		70,044
	91,321		GNMA		6.500		09/20/40		103,861
	80,317		GNMA		4.000		10/15/40		85,963
	199,310		GNMA		6.000		10/20/40		224,171
	922,203		GNMA		4.000		11/15/40		986,655
	2,959,187		GNMA		4.000		11/20/40		3,175,276
	754,306		GNMA		3.500		12/15/40		785,861
	1,041,528		GNMA		5.500		12/20/40		1,164,165
	3,030,934		GNMA		4.000		01/15/41		3,242,763
	7,624,594		GNMA		4.000		01/20/41		8,180,007
	748,400		GNMA		4.000		02/15/41		800,705
	2,296,899		GNMA		4.500		02/20/41		2,516,317
	1,286,946		GNMA		4.500		03/15/41		1,406,665
	2,961,002		GNMA		4.500		04/20/41		3,242,723
	577,973		GNMA		5.000		04/20/41		641,137
	309,726	i	GNMA		4.000		06/20/41		327,178
	755,775		GNMA		4.000		07/15/41		808,595

116

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,111,410		GNMA		4.000	%	07/20/41	$	1,191,411
	3,574,661		GNMA		4.500		07/20/41		3,912,030
	3,228,237		GNMA		5.000		07/20/41		3,588,262
	960,445		GNMA		4.500		08/15/41		1,049,803
	1,468,323		GNMA		5.000		08/20/41		1,628,654
	1,499,124		GNMA		4.000		09/15/41		1,603,896
	175,790	i	GNMA		3.000		09/20/41		183,545
	4,846,870		GNMA		4.000		09/20/41		5,195,758
	349,323		GNMA		4.000		10/15/41		373,737
	375,800	i	GNMA		2.500		10/20/41		387,697
	265,786	i	GNMA		3.500		10/20/41		278,688
	6,051,088		GNMA		4.000		10/20/41		6,486,657
	806,271		GNMA		5.500		10/20/41		900,954
	1,705,770		GNMA		3.500		11/15/41		1,777,771
	3,858,770		GNMA		4.000		11/15/41		4,128,456
	7,850,229		GNMA		4.500		11/20/41		8,589,192
	3,040,034		GNMA		5.000		11/20/41		3,367,927
	1,106,214		GNMA		6.000		11/20/41		1,258,915
	3,673,287		GNMA		3.500		01/20/42		3,833,692
	1,443,443	i	GNMA		3.000		02/20/42		1,504,732
	1,850,510		GNMA		3.500		03/20/42		1,931,319
	3,178,595		GNMA		4.500		03/20/42		3,476,099
	3,333,914		GNMA		3.500		04/15/42		3,473,798
	4,314,506		GNMA		3.500		05/20/42		4,502,916
	17,673,280		GNMA		3.500		05/20/42		18,445,059
	4,482,759		GNMA		4.000		05/20/42		4,805,437
	8,399,797		GNMA		3.500		07/15/42		8,751,188
	1,407,093	i	GNMA		2.000		07/20/42		1,450,410
	4,050,591		GNMA		3.500		07/20/42		4,227,341
	4,381,172		GNMA		3.000		08/20/42		4,436,043
	4,454,405		GNMA		3.500		08/20/42		4,648,926
	16,462,649		GNMA		3.500		08/20/42		17,180,449
	4,038,258		GNMA		6.000		08/20/42		4,586,740
	6,249,622		GNMA		3.500		10/20/42		6,522,130
	6,259,219		GNMA		3.000		11/20/42		6,337,660
	4,633,810		GNMA		3.000		12/20/42		4,687,936
	6,657,038		GNMA		3.000		01/15/43		6,720,994
	4,519,489		GNMA		3.000		01/15/43		4,562,451
	5,471,784		GNMA		3.000		01/20/43		5,538,517
	9,194,805		GNMA		3.000		02/20/43		9,305,897
	4,705,712		GNMA		3.000		02/20/43		4,760,765
	1,872,264		GNMA		3.000		04/15/43		1,890,062
	2,710,310		GNMA		5.000		04/20/43		2,995,869
	3,730,362		GNMA		3.000		05/20/43		3,773,278
	5,693,488		GNMA		3.000		06/20/43		5,758,119
	9,565,119		GNMA		3.500		06/20/43		9,980,995
	11,962,469		GNMA		3.000		07/20/43		12,096,712
	9,591,345		GNMA		3.500		09/20/43		10,006,682
	5,257,296		GNMA		4.000		09/20/43		5,635,726
	4,727,992		GNMA		4.000		10/20/43		5,068,322
	1,940,570		GNMA		3.500		11/20/43		2,024,603
	5,735,269		GNMA		4.000		11/20/43		6,148,105

117

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	4,619,981		GNMA		4.500	%	12/20/43	$	5,050,849
	4,847,570		GNMA		4.500		01/20/44		5,299,663
	4,940,268		GNMA		3.500		02/20/44		5,154,420
	9,837,849		GNMA		4.000		02/20/44		10,545,996
	9,977,464	h	GNMA		4.000		05/20/44		10,695,661
			TOTAL MORTGAGE BACKED						1,533,829,489
MUNICIPAL BONDS - 1.0%
	300,000		American Municipal Power		7.834		02/15/41		424,992
	500,000		American Municipal Power		6.270		02/15/50		615,090
	500,000		Bay Area Toll Authority		6.263		04/01/49		673,495
	200,000		Central Puget Sound Regional Transit Authority		5.491		11/01/39		240,726
	300,000		City of Chicago IL		5.432		01/01/42		297,987
	750,000		City Public Service Board of San Antonio TX		5.808		02/01/41		938,535
	150,000		Colorado Bridge Enterprise		6.078		12/01/40		189,751
	200,000		Commonwealth of Massachusetts		4.200		12/01/21		219,520
	500,000		Commonwealth of Massachusetts		5.731		06/01/40		618,290
	195,000		Commonwealth of Pennsylvania		5.850		07/15/30		217,864
	200,000		County of Clark NV		6.820		07/01/45		275,636
	350,000		Denver City & County School District No		4.242		12/15/37		343,689
	200,000		District of Columbia		5.591		12/01/34		241,214
	100,000		East Baton Rouge Sewerage Commission		6.087		02/01/45		111,028
	500,000		Florida Hurricane Catastrophe Fund Finance Corp		2.995		07/01/20		498,180
	64,752		Kentucky Asset Liability Commission		3.165		04/01/18		67,421
	30,000		Los Angeles Unified School District		5.750		07/01/34		36,495
	100,000		Massachusetts School Building Authority		5.715		08/15/39		122,116
	100,000		Metropolitan Government of Nashville & Davidson County		6.731		07/01/43		128,418
	940,000		Metropolitan Transportation Authority		6.648		11/15/39		1,242,962
	650,000		Metropolitan Transportation Authority		7.336		11/15/39		946,478
	500,000		Missouri Highway & Transportation Commission		5.445		05/01/33		581,950
	250,000		Municipal Electric Authority of Georgia		6.637		04/01/57		305,965
	500,000		Municipal Electric Authority of Georgia		6.655		04/01/57		610,065
	947,000		New Jersey Economic Development Authority		7.425		02/15/29		1,237,833
	335,000		New Jersey State Turnpike Authority		7.414		01/01/40		483,020
	800,000		New Jersey Transportation Trust Fund Authority		5.754		12/15/28		925,752
	360,000		New Jersey Transportation Trust Fund Authority		6.104		12/15/28		397,915
	700,000		New Jersey Transportation Trust Fund Authority		6.875		12/15/39		783,678
	1,100,000		New York City Municipal Water Finance Authority		5.790		06/15/41		1,190,717
	500,000		New York City Municipal Water Finance Authority		5.440		06/15/43		603,745
	600,000		New York State Dormitory Authority		5.289		03/15/33		694,440
	130,000		New York State Dormitory Authority		5.628		03/15/39		155,735
	545,000		New York State Dormitory Authority		5.600		03/15/40		662,464
	400,000		New York State Urban Development Corp		5.838		03/15/40		488,636
	100,000		Ohio State University		4.910		06/01/40		112,992
	675,000		Ohio State Water Development Authority		4.879		12/01/34		745,888
	750,000		Oregon School Boards Association		4.759		06/30/28		822,668
	250,000		Oregon School Boards Association		5.680		06/30/28		297,373
	100,000		Oregon State Department of Transportation		5.834		11/15/34		123,646
	200,000		Port Authority of New York & New Jersey		6.040		12/01/29		248,828
	1,000,000		Port Authority of New York & New Jersey		5.310		08/01/46		1,077,710
	100,000		Salt River Project Agricultural Improvement & Power District		4.839		01/01/41		113,447

118

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	800,000	Santa Clara Valley Transportation Authority		5.876	%	04/01/32	$	953,656
	200,000	State of California		1.050		02/01/16		201,442
	300,000	State of California		5.750		03/01/17		337,374
	100,000	State of California		6.200		10/01/19		119,936
	100,000	State of California		5.700		11/01/21		119,692
	250,000	State of California		7.500		04/01/34		355,875
	285,000	State of California		7.550		04/01/39		428,446
	3,400,000	State of California		7.300		10/01/39		4,838,438
	2,740,000	State of California		7.625		03/01/40		4,042,158
	300,000	State of Connecticut		5.090		10/01/30		337,758
	620,000	State of Connecticut		5.850		03/15/32		753,095
	100,000	State of Illinois		4.511		03/01/15		102,650
	1,045,000	State of Illinois		4.961		03/01/16		1,111,598
	4,450,000	State of Illinois		5.100		06/01/33		4,471,004
	1,295,000	State of Illinois		6.725		04/01/35		1,504,648
	300,000	State of Oregon		5.762		06/01/23		353,088
	600,000	State of Texas		4.631		04/01/33		660,558
	50,000	State of Texas		5.517		04/01/39		62,287
	1,000,000	State of Texas		4.681		04/01/40		1,105,670
	575,000	State of Texas Transportation Commission		5.028		04/01/26		669,754
	500,000	State of Utah		3.539		07/01/25		521,160
	200,000	State of Washington		5.090		08/01/33		228,942
	604,000	State Public School Building Authority		5.000		09/15/27		675,495
	2,000,000	Tennessee Valley Authority		4.500		04/01/18		2,234,564
	750,000	Tennessee Valley Authority		3.875		02/15/21		825,470
	500,000	Tennessee Valley Authority		5.880		04/01/36		646,780
	500,000	Tennessee Valley Authority		5.500		06/15/38		621,994
	300,000	Tennessee Valley Authority		3.500		12/15/42		275,348
	1,000,000	Tennessee Valley Authority		4.625		09/15/60		1,053,351
	500,000	University of California		1.796		07/01/19		494,825
	200,000	University of California		5.770		05/15/43		241,502
	860,000	University of California		4.858		05/15/12		865,452
	100,000	University of Pennsylvania		4.674		09/01/12		99,662
	200,000	University of Southern California		5.250		10/01/11		241,292
	700,000	University of Texas		4.794		08/15/46		792,995
	150,000	Virginia Commonwealth Transportation Board		5.350		05/15/35		174,461
		TOTAL MUNICIPAL BONDS						53,636,774
U.S. TREASURY SECURITIES - 34.9%
	375,700	United States Treasury Bond		7.875		02/15/21		513,653
	1,500,000	United States Treasury Bond		6.375		08/15/27		2,098,359
	16,000,000	United States Treasury Bond		5.250		11/15/28		20,495,008
	26,060,000	United States Treasury Bond		5.250		02/15/29		33,405,662
	19,429,000	United States Treasury Bond		5.375		02/15/31		25,509,675
	6,750,000	United States Treasury Bond		4.500		02/15/36		8,198,084
	4,644,000	United States Treasury Bond		4.375		02/15/38		5,544,499
	32,983,000	United States Treasury Bond		3.500		02/15/39		34,415,715
	241,000	United States Treasury Bond		4.500		08/15/39		293,756
	850,000	United States Treasury Bond		4.375		11/15/39		1,017,875
	915,000	United States Treasury Bond		4.625		02/15/40		1,137,889
	3,380,000	United States Treasury Bond		4.375		05/15/40		4,053,360
	12,585,000	United States Treasury Bond		3.875		08/15/40		13,961,484

119

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	11,185,000	United States Treasury Bond		4.250	%	11/15/40	$	13,172,082
	5,075,000	United States Treasury Bond		4.750		02/15/41		6,448,422
	26,350,000	United States Treasury Bond		4.375		05/15/41		31,677,654
	10,000,000	United States Treasury Bond		3.750		08/15/41		10,862,500
	2,300,000	United States Treasury Bond		3.125		11/15/41		2,228,843
	4,550,000	United States Treasury Bond		3.125		02/15/42		4,402,125
	7,500,000	United States Treasury Bond		3.000		05/15/42		7,073,437
	10,000,000	United States Treasury Bond		2.750		08/15/42		8,943,750
	4,000,000	United States Treasury Bond		2.750		11/15/42		3,570,624
	10,250,000	United States Treasury Bond		2.875		05/15/43		9,365,938
	6,500,000	United States Treasury Bond		3.625		08/15/43		6,865,625
	2,000,000	United States Treasury Bond		3.750		11/15/43		2,160,000
	11,000,000	United States Treasury Bond		3.625		02/15/44		11,608,432
	100	United States Treasury Note		2.500		03/31/15		102
	14,000,000	United States Treasury Note		0.250		08/15/15		14,013,132
	8,000,000	United States Treasury Note		0.375		08/31/15		8,020,000
	11,340,000	United States Treasury Note		1.250		08/31/15		11,485,288
	2,500,000	United States Treasury Note		0.250		09/15/15		2,502,540
	18,805,000	United States Treasury Note		1.250		09/30/15		19,057,702
	20,000,000	United States Treasury Note		0.250		10/15/15		20,019,540
	27,300,000	United States Treasury Note		1.250		10/31/15		27,683,893
	20,000,000	United States Treasury Note		0.375		11/15/15		20,045,320
	23,550,000	United States Treasury Note		1.375		11/30/15		23,930,851
	5,000,000	United States Treasury Note		2.125		12/31/15		5,139,455
	59,000,000	United States Treasury Note		0.375		01/15/16		59,092,158
	5,400,000	United States Treasury Note		2.000		01/31/16		5,546,178
	40,000,000	United States Treasury Note		0.250		02/29/16		39,960,920
	10,650,000	United States Treasury Note		2.125		02/29/16		10,969,500
	250,000	United States Treasury Note		2.625		02/29/16		259,599
	8,000,000	United States Treasury Note		0.375		03/15/16		8,004,376
	9,000,000	United States Treasury Note		2.250		03/31/16		9,297,072
	12,000,000	United States Treasury Note		0.250		04/15/16		11,972,340
	14,000,000	United States Treasury Note		2.000		04/30/16		14,412,342
	164,000	United States Treasury Note		5.125		05/15/16		178,440
	15,000,000	United States Treasury Note		0.375		05/31/16		14,986,530
	11,250,000	United States Treasury Note		1.750		05/31/16		11,534,760
	22,000,000	United States Treasury Note		0.500		06/15/16		22,027,500
	5,000,000	United States Treasury Note		1.500		06/30/16		5,103,125
	10,750,000	United States Treasury Note		1.500		07/31/16		10,973,396
	970,000	United States Treasury Note		3.250		07/31/16		1,025,548
	19,000,000	United States Treasury Note		0.625		08/15/16		19,046,018
	14,000,000	United States Treasury Note		1.000		08/31/16		14,144,368
	14,200,000	United States Treasury Note		1.000		09/30/16		14,337,570
	23,050,000	United States Treasury Note		1.000		10/31/16		23,266,094
	27,000,000	United States Treasury Note		0.625		11/15/16		27,006,318
	173,000	United States Treasury Note		4.625		11/15/16		189,394
	278,400	United States Treasury Note		7.500		11/15/16		323,640
	15,250,000	United States Treasury Note		0.875		11/30/16		15,344,123
	8,000,000	United States Treasury Note		0.625		12/15/16		7,995,624
	4,000,000	United States Treasury Note		0.875		12/31/16		4,020,936
	50,300,000	United States Treasury Note		0.875		01/31/17		50,523,986
	16,250,000	United States Treasury Note		0.875		02/28/17		16,309,670

120

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	220,000	United States Treasury Note		3.000	%	02/28/17	$	233,131
	20,000,000	United States Treasury Note		0.750		03/15/17		20,000,000
	21,300,000	United States Treasury Note		1.000		03/31/17		21,426,479
	16,500,000	United States Treasury Note		0.875		04/30/17		16,529,650
	160,000	United States Treasury Note		8.750		05/15/17		196,050
	30,400,000	United States Treasury Note		0.625		05/31/17		30,198,114
	11,000,000	United States Treasury Note		0.750		06/30/17		10,955,318
	20,200,000	United States Treasury Note		0.500		07/31/17		19,933,299
	139,200	United States Treasury Note		8.875		08/15/17		173,261
	17,300,000	United States Treasury Note		0.625		08/31/17		17,110,773
	16,000,000	United States Treasury Note		0.625		09/30/17		15,801,248
	61,750,000	United States Treasury Note		0.750		10/31/17		61,151,766
	8,414,000	United States Treasury Note		4.250		11/15/17		9,307,987
	20,500,000	United States Treasury Note		0.625		11/30/17		20,186,104
	31,000,000	United States Treasury Note		0.750		12/31/17		30,607,664
	8,044,000	United States Treasury Note		2.750		12/31/17		8,499,620
	21,000,000	United States Treasury Note		0.875		01/31/18		20,798,211
	8,127,000	United States Treasury Note		2.625		01/31/18		8,552,400
	31,000,000	United States Treasury Note		0.750		02/28/18		30,513,207
	23,000,000	United States Treasury Note		0.750		03/31/18		22,597,500
	15,000,000	United States Treasury Note		0.625		04/30/18		14,646,090
	6,172,000	United States Treasury Note		2.625		04/30/18		6,494,586
	6,266,000	United States Treasury Note		3.875		05/15/18		6,893,577
	72,000,000	United States Treasury Note		1.000		05/31/18		71,218,152
	7,862,000	United States Treasury Note		2.375		05/31/18		8,196,135
	7,000,000	United States Treasury Note		1.375		06/30/18		7,015,862
	15,000,000	United States Treasury Note		1.375		07/31/18		15,018,750
	13,065,000	United States Treasury Note		2.250		07/31/18		13,542,683
	40,350,000	United States Treasury Note		1.500		08/31/18		40,561,192
	22,000,000	United States Treasury Note		1.375		09/30/18		21,972,500
	28,000,000	United States Treasury Note		1.250		10/31/18		27,783,448
	1,681,000	United States Treasury Note		9.000		11/15/18		2,225,881
	33,500,000	United States Treasury Note		1.250		11/30/18		33,196,423
	25,000,000	United States Treasury Note		1.500		12/31/18		25,013,675
	25,000,000	United States Treasury Note		1.500		01/31/19		24,984,375
	2,802,400	United States Treasury Note		2.750		02/15/19		2,957,188
	30,000,000	United States Treasury Note		1.500		02/28/19		29,950,770
	36,000,000	United States Treasury Note		1.625		03/31/19		36,104,076
	20,000,000	United States Treasury Note		1.625		04/30/19		20,037,500
	40,750,000	United States Treasury Note		1.500		05/31/19		40,546,250
	25,000,000	United States Treasury Note		1.625		06/30/19		25,000,000
	3,000,000	United States Treasury Note		1.375		01/31/20		2,933,436
	1,377,000	United States Treasury Note		3.625		02/15/20		1,514,593
	1,132,000	United States Treasury Note		3.500		05/15/20		1,237,682
	4,000,000	United States Treasury Note		1.875		06/30/20		3,996,248
	4,000,000	United States Treasury Note		2.000		07/31/20		4,021,564
	5,342,000	United States Treasury Note		2.625		08/15/20		5,559,019
	6,000,000	United States Treasury Note		2.000		09/30/20		6,011,250
	5,650,000	United States Treasury Note		2.625		11/15/20		5,868,937
	5,000,000	United States Treasury Note		2.000		11/30/20		4,997,265
	5,900,000	United States Treasury Note		3.625		02/15/21		6,493,687
	10,000,000	United States Treasury Note		2.000		02/28/21		9,959,380

121

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	125,000	United States Treasury Note		8.125	%	05/15/21	$	174,014
	27,610,000	United States Treasury Note		2.125		08/15/21		27,592,744
	122,000	United States Treasury Note		8.125		08/15/21		170,991
	6,070,000	United States Treasury Note		2.000		11/15/21		5,994,125
	13,379,100	United States Treasury Note		8.000		11/15/21		18,738,058
	10,500,000	United States Treasury Note		1.625		11/15/22		9,923,319
	13,250,000	United States Treasury Note		1.750		05/15/23		12,550,241
	16,000,000	United States Treasury Note		2.500		08/15/23		16,095,008
	13,000,000	United States Treasury Note		2.750		11/15/23		13,323,986
	3,750,000	United States Treasury Note		2.750		02/15/24		3,835,252
	24,000,000	United States Treasury Note		2.500		05/15/24		23,966,256
		TOTAL U.S. TREASURY SECURITIES						1,861,861,749
		TOTAL GOVERNMENT BONDS						3,839,574,382
		(Cost $3,808,260,105)
STRUCTURED ASSETS - 2.5%
ASSET BACKED - 0.8%
	500,000	Ally Auto Receivables Trust		1.210		07/15/16		503,125
		Series - 2012 1 (Class A4)
	800,000	Ally Auto Receivables Trust		0.800		10/16/17		800,962
		Series - 2012 4 (Class A4)
	1,146,000	AmeriCredit Automobile Receivables Trust		0.610		10/10/17		1,146,932
		Series - 2013 1 (Class A3)
	500,000	AmeriCredit Automobile Receivables Trust		2.670		01/08/18		509,645
		Series - 2012 1 (Class C)
	300,000	AmeriCredit Automobile Receivables Trust		1.790		03/08/19		302,587
		Series - 2013 2 (Class C)
	500,000	AmeriCredit Automobile Receivables Trust		2.420		05/08/19		505,573
		Series - 0 2 (Class D)
	150,000	AmeriCredit Automobile Receivables Trust		2.380		06/10/19		152,907
		Series - 2013 3 (Class C)
	500,000	Capital Auto Receivables Asset Trust		2.190		09/20/21		501,541
		Series - 0 1 (Class D)
	1,250,000	Capital One Multi-Asset Execution Trust		5.050		12/17/18		1,338,930
		Series - 2006 A3 (Class A3)
	660,000	Capital One Multi-Asset Execution Trust		5.750		07/15/20		750,285
		Series - 2007 A7 (Class A7)
	600,000	Centerpoint Energy Transistion		3.460		08/15/19		633,511
		Series - 0 1 (Class A2)
	500,000	CenterPoint Energy Transition Bond Co II LLC		5.302		08/01/20		567,524
		Series - 2005 A (Class A5)
	600,000	CenterPoint Energy Transition Bond Co LLC		2.161		10/15/21		604,523
		Series - 2012 1 (Class A2)
	400,000	Chase Issuance Trust		0.790		06/15/17		401,487
		Series - 2012 A3 (Class A3)
	395,000	Chase Issuance Trust		1.010		10/15/18		396,204
		Series - 2013 A8 (Class A8)
	1,000,000	Chase Issuance Trust		1.150		01/15/19		1,002,931
		Series - 2014 A1 (Class A)
	750,000	CitiBank Credit Card Issuance Trust		5.650		09/20/19		851,834
		Series - 2007 A8 (Class A8)

122

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	310,000		CitiBank Credit Card Issuance Trust		5.350	%	02/07/20	$	351,712
			Series - 2008 A1 (Class A1)
	1,000,000		CitiBank Credit Card Issuance Trust		2.880		01/23/23		1,021,638
			Series - 0 A1 (Class A1)
	193,350		Detroit Edison Securitization Funding LLC		6.620		03/01/16		198,453
			Series - 2001 1 (Class A6)
	3,000,000		Discover Card Master Trust		5.650		03/16/20		3,400,677
			Series - 2007 A1 (Class A1)
	212,319		FHLMC Multifamily Structured Pass Through Certificates		3.342		12/25/19		223,705
			Series - 2010 K007 (Class A1)
	3,565,550		FHLMC Multifamily Structured Pass Through Certificates		1.459		09/25/21		3,541,879
			Series - 2012 K019 (Class A1)
	3,000,000		FHLMC Multifamily Structured Pass Through Certificates		2.307		08/25/22		2,926,407
			Series - 2012 K023 (Class A2)
	482,926		FHLMC Multifamily Structured Pass Through Certificates		2.779		09/25/22		501,362
			Series - 2013 K030 (Class A1)
	1,000,000		FHLMC Multifamily Structured Pass Through Certificates		2.510		11/25/22		987,583
			Series - 2013 K026 (Class A2)
	500,000		FHLMC Multifamily Structured Pass Through Certificates		2.637		01/25/23		497,413
			Series - 2013 K027 (Class A2)
	98,812		FHLMC Multifamily Structured Pass Through Certificates		2.669		02/25/23		101,754
			Series - 2013 K034 (Class A1)
	3,000,000	i	FHLMC Multifamily Structured Pass Through Certificates		3.060		07/25/23		3,063,444
			Series - 2013 K033 (Class A2)
	500,000	i	FHLMC Multifamily Structured Pass Through Certificates		3.531		07/25/23		528,132
			Series - 2013 K034 (Class A2)
	1,500,000	i	FHLMC Multifamily Structured Pass Through Certificates		3.527		10/25/23		1,582,460
			Series - 2014 K036 (Class A2)
	260,000		Ford Credit Auto Owner Trust		3.560		01/15/17		263,754
			Series - 2010 B (Class D)
	662,000		Ford Credit Auto Owner Trust		0.550		07/15/17		662,745
			Series - 2013 A (Class A3)
	820,000		Ford Credit Auto Owner Trust		1.320		01/15/19		826,249
			Series - 2013 B (Class C)
	1,900,000		GE Capital Credit Card Master Note Trust		1.360		08/17/20		1,891,642
			Series - 2012 6 (Class A)
	590,000		Hyundai Auto Receivables Trust		0.750		09/17/18		588,911
			Series - 2013 A (Class A4)
	1,150,000		Nissan Auto Receivables Owner Trust		0.840		11/15/17		1,155,078
			Series - 2013 B (Class A3)
	400,000		Nissan Auto Receivables Owner Trust		1.000		07/16/18		402,444
			Series - 2012 A (Class A4)
	14,632	i	Residential Asset Securities Corp		6.489		10/25/30		14,648
			Series - 2001 KS2 (Class AI6)
	15,000	i	Residential Funding Mortgage Securities II, Inc		6.060		02/25/36		15,902
			Series - 2006 HI1 (Class M2)
	200,000		Santander Drive Auto Receivables Trust		3.300		09/17/18		207,965
			Series - 2012 5 (Class D)

123

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,500,000		Santander Drive Auto Receivables Trust		2.270	%	01/15/19	$	1,519,749
			Series - 2013 1 (Class D)
	300,000		Santander Drive Auto Receivables Trust		1.950		03/15/19		304,640
			Series - 2013 2 (Class C)
	2,000,000		Santander Drive Auto Receivables Trust 2013-3		1.190		05/15/18		2,006,576
			Series - 2013 3 (Class B)
	120,000		Toyota Auto Receivables Owner Trust		0.670		12/15/17		120,085
			Series - 2014 A (Class A3)
	100,000		Volkswagen Auto Loan Enhanced Trust		0.660		03/20/19		99,751
			Series - 2012 2 (Class A4)
	15,000	g	Vornado DP LLC		4.004		09/13/28		16,080
			Series - 2010 VNO (Class A2FX)
			TOTAL ASSET BACKED						39,993,339
OTHER MORTGAGE BACKED - 1.7%
	390,377	i	Banc of America Commercial Mortgage, Inc		5.348		11/10/42		392,571
			Series - 2005 1 (Class A4)
	102,909	i	Banc of America Commercial Mortgage, Inc		5.889		07/10/44		110,984
			Series - 2006 3 (Class A4)
	450,000		Banc of America Commercial Mortgage, Inc		5.356		10/10/45		479,678
			Series - 2006 6 (Class A4)
	135,624		Banc of America Commercial Mortgage, Inc		5.379		09/10/47		136,092
			Series - 2006 5 (Class AAB)
	26,681		Banc of America Commercial Mortgage, Inc		5.449		01/15/49		26,688
			Series - 2007 1 (Class A3)
	103,266		Banc of America Merrill Lynch Commercial Mortgage, Inc		4.811		12/10/42		103,571
			Series - 2004 6 (Class A5)
	1,350,000	i	Banc of America Merrill Lynch Commercial Mortgage, Inc		5.350		09/10/47		1,411,175
			Series - 2005 6 (Class A4)
	28,808		Banc of America Merrill Lynch Commercial Mortgage, Inc		5.620		02/10/51		28,776
			Series - 2007 5 (Class A3)
	1,320,000		Bear Stearns Commercial Mortgage Securities		5.201		12/11/38		1,433,640
			Series - 2006 PW14 (Class A4)
	280,000	i	Bear Stearns Commercial Mortgage Securities		5.605		03/11/39		296,188
			Series - 2006 PW11 (Class A4)
	200,000	i	Bear Stearns Commercial Mortgage Securities		5.898		06/11/40		222,928
			Series - 2007 PW16 (Class A4)
	323,011		Bear Stearns Commercial Mortgage Securities		4.674		06/11/41		331,235
			Series - 2005 PWR8 (Class A4)
	36,721	i	Bear Stearns Commercial Mortgage Securities		5.468		06/11/41		36,719
			Series - 2004 PWR4 (Class A3)
	825,000	i	Bear Stearns Commercial Mortgage Securities		5.582		09/11/41		896,037
			Series - 2006 PW13 (Class AM)
	476,544		Bear Stearns Commercial Mortgage Securities		5.537		10/12/41		517,517
			Series - 2006 T24 (Class A4)
	352,393	i	Bear Stearns Commercial Mortgage Securities		4.750		02/13/46		353,137
			Series - 2004 T16 (Class A6)
	1,000,000	i	Bear Stearns Commercial Mortgage Securities		5.694		06/11/50		1,113,031
			Series - 2007 PW17 (Class A4)
	500,000		Bear Stearns Commercial Mortgage Securities		5.700		06/11/50		559,345
			Series - 2007 PW18 (Class A4)
	122,489		Bear Stearns Commercial Mortgage Securities		5.736		06/11/50		122,516
			Series - 2007 PW17 (Class A3)
	334,058		Citigroup Commercial Mortgage Trust		4.733		10/15/41		335,465
			Series - 2004 C2 (Class A5)

124

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	750,000		Citigroup Commercial Mortgage Trust		1.987	%	04/10/46	$	755,755
			Series - 2013 GC11 (Class A2)
	255,000		Citigroup Commercial Mortgage Trust		4.023		03/10/47		269,732
			Series - 2014 GC19 (Class A4)
	750,000	i	Citigroup Commercial Mortgage Trust		6.341		12/10/49		839,691
			Series - 2008 C7 (Class A4)
	1,053,000		Citigroup Commercial Mortgage Trust 2013-GC11		3.422		04/10/46		1,056,468
			Series - 2013 GC11 (Class AS)
	585,000		Citigroup, Inc		5.322		12/11/49		636,446
			Series - 2007 CD4 (Class A4)
	550,000	i	Citigroup/Deutsche Bank Commercial Mortgage Trust		5.401		07/15/44		576,160
			Series - 2005 CD1 (Class AJ)
	1,012,785		Citigroup/Deutsche Bank Commercial Mortgage Trust		5.617		10/15/48		1,087,666
			Series - 2006 CD3 (Class A5)
	730,000		COMM Mortgage Trust		2.256		12/10/44		747,073
			Series - 2012 LC4 (Class A2)
	580,000		COMM Mortgage Trust		4.063		12/10/44		613,519
			Series - 2012 LC4 (Class AM)
	500,000		COMM Mortgage Trust		2.752		08/15/45		508,019
			Series - 2012 CR2 (Class ASB)
	749,000		COMM Mortgage Trust		1.906		01/10/46		754,412
			Series - 2013 LC6 (Class A2)
	400,000		COMM Mortgage Trust		2.941		01/10/46		395,006
			Series - 2013 LC6 (Class A4)
	524,000		COMM Mortgage Trust		3.213		03/10/46		526,770
			Series - 0 CR7 (Class A4)
	496,491	i	COMM Mortgage Trust		5.945		06/10/46		532,160
			Series - 2006 C7 (Class A4)
	1,000,000		COMM Mortgage Trust		4.046		10/10/46		1,063,324
			Series - 2013 CR12 (Class A4)
	500,000		COMM Mortgage Trust		4.258		10/10/46		540,626
			Series - 2013 CR11 (Class A4)
	1,000,000		COMM Mortgage Trust		2.928		02/10/47		1,038,347
			Series - 2014 CR15 (Class A2)
	500,000		COMM Mortgage Trust		3.961		03/10/47		526,708
			Series - 2014 A5 (Class A5)
	255,000	i	COMM Mortgage Trust		5.988		12/10/49		285,494
			Series - 2007 C9 (Class A4)
	300,000	i	COMM Mortgage Trust		6.213		12/10/49		333,858
			Series - 2008 LS1 (Class ASM)
	1,926,407	i	Credit Suisse Commercial Mortgage Trust		5.982		06/15/38		2,068,805
			Series - 2006 C3 (Class A3)
	2,353,307		Credit Suisse First Boston Mortgage Securities Corp		4.829		11/15/37		2,363,751
			Series - 2004 C5 (Class A4)
	500,000	i	Credit Suisse Mortgage Capital Certificates		5.609		02/15/39		527,925
			Series - 2006 C1 (Class A4)
	175,318		Credit Suisse Mortgage Capital Certificates		5.467		09/15/39		188,871
			Series - 2006 C4 (Class A3)
	2,100,000		Credit Suisse Mortgage Capital Certificates		5.509		09/15/39		2,258,852
			Series - 2006 C4 (Class AM)
	613,068	i	CS First Boston Mortgage Securities Corp		5.100		08/15/38		630,959
			Series - 2005 C5 (Class A4)

125

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	220,000	i	CS First Boston Mortgage Securities Corp		5.100	%	08/15/38	$	229,498
			Series - 2005 C5 (Class AJ)
	97,815	i	GE Capital Commercial Mortgage Corp		5.457		11/10/45		99,321
			Series - 2005 C4 (Class ASB)
	1,000,000	i	GE Capital Commercial Mortgage Corp		5.489		11/10/45		1,047,155
			Series - 2005 C4 (Class A4)
	1,835,000	i	Greenwich Capital Commercial Funding Corp		5.224		04/10/37		1,901,069
			Series - 2005 GG5 (Class A5)
	600,000	i	Greenwich Capital Commercial Funding Corp		5.277		04/10/37		628,919
			Series - 2005 GG5 (Class AM)
	704,066	i	Greenwich Capital Commercial Funding Corp		6.015		07/10/38		757,783
			Series - 2006 GG7 (Class A4)
	550,000		Greenwich Capital Commercial Funding Corp		5.444		03/10/39		600,141
			Series - 2007 GG9 (Class A4)
	610,000		Greenwich Capital Commercial Funding Corp		5.475		03/10/39		657,065
			Series - 2007 GG9 (Class AM)
	2,000,000		Greenwich Capital Commercial Funding Corp		5.736		12/10/49		2,223,414
			Series - 2007 GG11 (Class A4)
	1,825,000	i	GS Mortgage Securities Corp II		5.553		04/10/38		1,928,167
			Series - 2006 GG6 (Class A4)
	740,000	i	GS Mortgage Securities Corp II		5.622		04/10/38		789,107
			Series - 2006 GG6 (Class AM)
	1,350,000		GS Mortgage Securities Corp II		5.560		11/10/39		1,463,866
			Series - 2006 GG8 (Class A4)
	434,000		GS Mortgage Securities Corp II		3.314		01/10/45		453,102
			Series - 0 GC6 (Class AAB)
	300,000		GS Mortgage Securities Corp II		2.943		02/10/46		295,859
			Series - 2013 GC10 (Class A5)
	300,000		GS Mortgage Securities Corp II		3.279		02/10/46		297,963
			Series - 2013 GC10 (Class AS)
	500,000		GS Mortgage Securities Trust		3.482		01/10/45		519,245
			Series - 2012 GC6 (Class A3)
	195,000		GS Mortgage Securities Trust		4.740		05/10/45		210,996
			Series - 0 GCJ7 (Class B)
	250,000		GS Mortgage Securities Trust		1.840		02/10/46		251,342
			Series - 2013 GC10 (Class A2)
	500,000		GS Mortgage Securities Trust		3.135		06/10/46		499,703
			Series - 2013 GC12 (Class A4)
	500,000		GS Mortgage Securities Trust		4.074		01/10/47		531,111
			Series - 2014 GC18 (Class A4)
	511,000		GS Mortgage Securities Trust 2013-GC16		3.813		11/10/46		541,693
			Series - 2013 GC16 (Class AAB)
	90,000	g	JP Morgan Chase Commercial Mortgage Securities Corp		5.633		12/05/27		104,339
			Series - 2009 IWST (Class A2)
	146,798		JP Morgan Chase Commercial Mortgage Securities Corp		5.115		07/15/41		146,803
			Series - 2004 LN2 (Class A2)
	1,125,000		JP Morgan Chase Commercial Mortgage Securities Corp		5.429		12/12/43		1,211,216
			Series - 2006 CB17 (Class A4)
	1,000,000	i	JP Morgan Chase Commercial Mortgage Securities Corp		5.405		12/15/44		1,045,711
			Series - 2005 LDP5 (Class A4)
	200,000	i	JP Morgan Chase Commercial Mortgage Securities Corp		6.057		04/15/45		217,856
			Series - 2006 LDP7 (Class AM)

126

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	300,000	i	JP Morgan Chase Commercial Mortgage Securities Corp		5.375	%	05/15/45	$	327,773
			Series - 2012 C6 (Class D)
	300,000		JP Morgan Chase Commercial Mortgage Securities Corp		3.483		06/15/45		311,140
			Series - 2012 CBX (Class A4)
	500,000		JP Morgan Chase Commercial Mortgage Securities Corp		1.855		04/15/46		502,057
			Series - 2013 LC11 (Class A2)
	500,000		JP Morgan Chase Commercial Mortgage Securities Corp		4.171		08/15/46		542,599
			Series - 2011 C5 (Class A3)
	182,716		JP Morgan Chase Commercial Mortgage Securities Corp		5.134		05/15/47		183,957
			Series - 2006 LDP9 (Class A2)
	1,480,000		JP Morgan Chase Commercial Mortgage Securities Corp		5.336		05/15/47		1,605,528
			Series - 2006 LDP9 (Class A3)
	936,334		JP Morgan Chase Commercial Mortgage Securities Corp		5.440		06/12/47		1,021,363
			Series - 2007 CB18 (Class A4)
	300,000		JP Morgan Chase Commercial Mortgage Securities Corp		2.840		12/15/47		295,104
			Series - 2012 LC9 (Class A5)
	500,000		JP Morgan Chase Commercial Mortgage Securities Corp		3.143		12/15/47		501,364
			Series - 2013 C10 (Class A5)
	574,000		JP Morgan Chase Commercial Mortgage Securities Corp		3.372		12/15/47		574,857
			Series - 2013 C10 (Class AS)
	860,000	i	JP Morgan Chase Commercial Mortgage Securities Corp		5.991		06/15/49		945,714
			Series - 2007 LD11 (Class A4)
	450,000	i	JP Morgan Chase Commercial Mortgage Securities Corp		5.991		06/15/49		459,501
			Series - 2007 LD11 (Class A3)
	413,000		JP Morgan Chase Commercial Mortgage Securities Trust 2013-C10		2.702		12/15/47		415,376
			Series - 2013 C10 (Class ASB)
	48,226	i	LB-UBS Commercial Mortgage Trust		5.020		08/15/29		48,258
			Series - 2004 C6 (Class A6)
	434,468		LB-UBS Commercial Mortgage Trust		4.742		02/15/30		439,593
			Series - 2005 C1 (Class A4)
	415,000	i	LB-UBS Commercial Mortgage Trust		5.150		04/15/30		424,782
			Series - 2005 C2 (Class A5)
	380,000		LB-UBS Commercial Mortgage Trust		5.156		02/15/31		399,725
			Series - 2006 C1 (Class A4)
	125,000		LB-UBS Commercial Mortgage Trust		5.372		09/15/39		135,288
			Series - 2006 C6 (Class A4)
	200,000	i	LB-UBS Commercial Mortgage Trust		5.452		09/15/39		213,420
			Series - 2006 C6 (Class AJ)
	1,392,202		LB-UBS Commercial Mortgage Trust		5.424		02/15/40		1,519,872
			Series - 2007 C1 (Class A4)
	797,227		LB-UBS Commercial Mortgage Trust		5.430		02/15/40		874,385
			Series - 2007 C2 (Class A3)
	875,000		LB-UBS Commercial Mortgage Trust		4.843		07/15/40		898,569
			Series - 2005 C3 (Class AJ)
	600,000	i	LB-UBS Commercial Mortgage Trust		6.114		07/15/40		666,827
			Series - 2007 C6 (Class AM)
	301,515	i	LB-UBS Commercial Mortgage Trust		5.866		09/15/45		339,047
			Series - 2007 C7 (Class A3)
	129,133	i	Merrill Lynch Mortgage Trust		5.457		11/12/37		134,504
			Series - 2005 CKI1 (Class A6)
	225,000	i	Merrill Lynch Mortgage Trust		5.457		11/12/37		235,811
			Series - 2005 CKI1 (Class AJ)

127

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	290,000	i	Merrill Lynch Mortgage Trust		5.107	%	07/12/38	$	302,223
			Series - 2005 CIP1 (Class AM)
	235,000	i	Merrill Lynch Mortgage Trust		5.862		05/12/39		250,810
			Series - 2006 C1 (Class A4)
	307,174	i	Merrill Lynch Mortgage Trust		6.033		06/12/50		308,635
			Series - 2007 C1 (Class A3)
	460,992	i	Merrill Lynch/Countrywide Commercial Mortgage Trust		5.651		02/12/39		488,085
			Series - 2006 1 (Class A4)
	164,000		Morgan Stanley Bank of America Merrill Lynch Trust		2.506		11/15/45		163,229
			Series - 2012 C6 (Class A3)
	60,000		Morgan Stanley Bank of America Merrill Lynch Trust		2.918		02/15/46		59,209
			Series - 2013 C7 (Class A4)
	750,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.102		05/15/46		744,104
			Series - 2013 C9 (Class A4)
	500,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.456		05/15/46		501,934
			Series - 2013 C9 (Class AS)
	240,000	i	Morgan Stanley Bank of America Merrill Lynch Trust		3.708		05/15/46		239,219
			Series - 2013 C9 (Class B)
	200,000		Morgan Stanley Bank of America Merrill Lynch Trust 2013-C12		3.824		10/15/46		212,154
			Series - 2013 C12 (Class ASB)
	1,250,000		Morgan Stanley Bank of America Merrill Lynch Trust 2014-C15		3.654		04/15/47		1,310,471
			Series - 2014 C15 (Class ASB)
	18,287	i	Morgan Stanley Capital I		5.992		04/15/38		18,276
			Series - 2003 IQ5 (Class C)
	80,980		Morgan Stanley Capital I		4.970		04/14/40		80,951
			Series - 2004 HQ4 (Class A7)
	32,526	i	Morgan Stanley Capital I		5.270		06/13/41		32,512
			Series - 2004 T15 (Class A4)
	787,650		Morgan Stanley Capital I		5.168		01/14/42		798,224
			Series - 2005 HQ5 (Class A4)
	590,000		Morgan Stanley Capital I		5.364		03/15/44		644,471
			Series - 2007 IQ13 (Class A4)
	193,484	i	Morgan Stanley Capital I		5.731		07/12/44		208,005
			Series - 2006 HQ9 (Class A4)
	750,000		Morgan Stanley Capital I		5.569		12/15/44		816,741
			Series - 2007 HQ13 (Class A3)
	250,000		Morgan Stanley Capital I		2.111		03/15/45		254,857
			Series - 2012 C4 (Class A2)
	1,250,000		Morgan Stanley Capital I		3.244		03/15/45		1,271,018
			Series - 2012 C4 (Class A4)
	1,550,000	i	Morgan Stanley Capital I		5.692		04/15/49		1,709,166
			Series - 2007 IQ14 (Class A4)
	205,000	i	Morgan Stanley Capital I		5.544		11/12/49		224,772
			Series - 2007 T25 (Class AM)
	1,750,000		Morgan Stanley Capital I		5.809		12/12/49		1,948,926
			Series - 2007 IQ16 (Class A4)
	245,000		Morgan Stanley Capital I		4.770		07/15/56		249,637
			Series - 0 IQ9 (Class AJ)
	500,000	i	TIAA Seasoned Commercial Mortgage Trust		5.565		08/15/39		530,050
			Series - 2007 C4 (Class AJ)

128

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,500,000		UBS Barclays Commercial Mortgage Trust		3.185	%	03/10/46	$	1,500,192
			Series - 2013 C5 (Class A4)
	500,000		UBS Barclays Commercial Mortgage Trust		3.244		04/10/46		501,164
			Series - 0 C6 (Class A4)
	1,000,000		UBS Barclays Commercial Mortgage Trust		3.525		05/10/63		1,032,359
			Series - 2012 C2 (Class A4)
	400,000		UBS Citigroup Commercial Mortgage Trust		3.595		01/10/45		417,265
			Series - 2011 C1 (Class A3)
	100,000		UBS Commercial Mortgage Trust		4.822		05/10/45		108,645
			Series - 2012 C1 (Class B)
	100,000		Wachovia Bank Commercial Mortgage Trust		5.342		12/15/43		109,039
			Series - 2007 C30 (Class A5)
	1,000,000	i	Wachovia Bank Commercial Mortgage Trust		5.455		12/15/44		1,048,672
			Series - 2005 C22 (Class A4)
	730,228	i	Wachovia Bank Commercial Mortgage Trust		5.505		12/15/44		770,250
			Series - 2005 C22 (Class AM)
	105,000	i	Wachovia Bank Commercial Mortgage Trust		5.515		01/15/45		110,809
			Series - 2006 C23 (Class AJ)
	27,155		Wachovia Bank Commercial Mortgage Trust		5.576		03/15/45		27,134
			Series - 2006 C24 (Class APB)
	827,445	i	Wachovia Bank Commercial Mortgage Trust		5.765		07/15/45		881,509
			Series - 2006 C27 (Class A3)
	750,000		Wachovia Bank Commercial Mortgage Trust		5.678		05/15/46		830,090
			Series - 2007 C34 (Class A3)
	300,000	i	Wachovia Bank Commercial Mortgage Trust		5.603		10/15/48		323,933
			Series - 2006 C28 (Class AM)
	200,000	i	Wachovia Bank Commercial Mortgage Trust		6.140		02/15/51		222,876
			Series - 2007 C33 (Class A5)
	1,225,000	i	Wachovia Bank Commercial Mortgage Trust		6.140		02/15/51		1,340,440
			Series - 2007 C33 (Class A4)
	1,250,000		WF-RBS Commercial Mortgage Trust		2.684		11/15/44		1,293,811
			Series - 2011 C5 (Class A2)
	250,000	i	WF-RBS Commercial Mortgage Trust		5.002		06/15/45		267,660
			Series - 0 C7 (Class C)
	400,000		WF-RBS Commercial Mortgage Trust		3.001		08/15/45		399,176
			Series - 2012 C8 (Class A3)
	775,000		WF-RBS Commercial Mortgage Trust		3.241		12/15/45		769,505
			Series - 2012 C10 (Class AS)
	600,000		WF-RBS Commercial Mortgage Trust		3.337		06/15/46		606,392
			Series - 2013 C14 (Class A5)
	500,000	i	WF-RBS Commercial Mortgage Trust		4.646		03/15/47		516,811
			Series - 2014 C19 (Class C)
	1,000,000	i	WF-RBS Commercial Mortgage Trust		4.723		03/15/47		1,070,700
			Series - 2014 C19 (Class B)
	281,584		WF-RBS Commercial Mortgage Trust		0.735		03/15/48		280,758
			Series - 2013 C12 (Class A1)
	500,000		WF-RBS Commercial Mortgage Trust		3.198		03/15/48		501,254
			Series - 2013 C12 (Class A4)
			TOTAL OTHER MORTGAGE BACKED						91,000,671
			TOTAL STRUCTURED ASSETS						130,994,010
			(Cost $129,367,349)

129

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL	ISSUER	VALUE
	TOTAL BONDS	$	5,279,800,406
	(Cost $5,206,060,878)
	TOTAL INVESTMENTS - 99.3%		5,279,800,406
	(Cost $5,206,060,878)
	OTHER ASSETS & LIABILITIES, NET - 0.7%		37,380,249
	NET ASSETS - 100.0%	$	5,317,180,655

	Abbreviation(s):
REIT	Real Estate Investment Trust
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 6/30/2014, the aggregate value of these securities was $12,269,335 or 0.2% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
j	Zero coupon.

130

TIAA-CREF FUNDS - Bond Plus Fund

TIAA-CREF FUNDS

BOND PLUS FUND

SCHEDULE OF INVESTMENTS (unaudited)

June 30, 2014

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
BANK LOAN OBLIGATIONS - 4.4%
AUTOMOBILES & COMPONENTS - 0.2%
$	2,318,038	i	Allison Transmission, Inc		3.750	%	08/23/19	$	2,322,095
	3,000,000	i	INA Beteiligungsgesellschaft mbH		3.750		05/12/20		3,010,620
			TOTAL AUTOMOBILES & COMPONENTS						5,332,715
CAPITAL GOODS - 0.5%
	1,990,000	i	Alliant Techsystems, Inc		3.500		11/01/20		1,992,487
	786,051	i	FMG Resources August 2006 Pty Ltd		3.750		06/28/19		786,350
	2,000,000	i	Gates Global LLC		4.250		06/12/21		1,992,820
	1,286,256	i	Generac Power Systems, Inc		3.250		05/31/20		1,275,966
	2,058,296	i	Tomkins LLC		3.850		09/29/16		2,059,140
	2,917,973	i	TransDigm, Inc		3.750		02/28/20		2,907,030
			TOTAL CAPITAL GOODS						11,013,793
COMMERCIAL & PROFESSIONAL SERVICES - 0.2%
	3,241,875	i	Capital Safety North America		4.000		03/29/21		3,220,252
	987,437	i	Pilot Corp		4.250		08/07/19		989,906
	995,000	i	Pitney Bowes Management		7.500		10/01/19		1,004,950
	1,630,000	i	Time, Inc		4.250		04/26/21		1,637,139
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						6,852,247
CONSUMER DURABLES & APPAREL - 0.3%
	2,977,444	i	CIH International Sarl		2.750		06/05/20		2,984,321
	2,625,000	i	Libbey Glass, Inc		3.750		04/09/21		2,621,719
	2,000,000	i	Otter Products LLC		5.750		05/30/20		1,981,260
			TOTAL CONSUMER DURABLES & APPAREL						7,587,300
CONSUMER SERVICES - 0.5%
	677,444	i	Boyd Gaming Corp		4.000		08/14/20		678,969
	1,388,361	i	Burger King Corp		3.750		09/28/19		1,392,985
	1,818,529	i	CityCenter Holdings LLC		5.000		10/16/20		1,829,495
	2,189,073	i	DineEquity, Inc		3.750		10/19/17		2,200,938
	2,190,790	i	Hilton Worldwide		3.500		10/26/20		2,186,233
	389,571	i	La Quinta Intermediate Holdings LLC		4.000		04/14/21		389,817
	2,487,500	i	Marina District Finance Co, Inc		6.750		08/15/18		2,514,688
	591,000	i	MGM Resorts International		3.500		12/20/19		588,967
	1,280,584	i	Pinnacle Entertainment, Inc		3.750		08/13/20		1,282,709
	1,490,013	i	Spin Holdco, Inc		4.250		11/14/19		1,490,281
			TOTAL CONSUMER SERVICES						14,555,082
DIVERSIFIED FINANCIALS - 0.2%
	4,064,813	i	TransUnion LLC		4.000		04/09/21		4,063,349
			TOTAL DIVERSIFIED FINANCIALS						4,063,349

131

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
ENERGY - 0.1%
$	2,940,062	i	Arch Coal, Inc		6.250	%	05/16/18	$	2,886,788
			TOTAL ENERGY						2,886,788
FOOD & STAPLES RETAILING - 0.1%
	1,000,000	i	Rite Aid Corp		5.750		08/21/20		1,020,940
	1,500,000	i	Rite Aid Corp		4.875		06/21/21		1,516,410
			TOTAL FOOD & STAPLES RETAILING						2,537,350
FOOD, BEVERAGE & TOBACCO - 0.1%
	2,277,000	i	HJ Heinz Co		3.500		06/05/20		2,293,030
			TOTAL FOOD, BEVERAGE & TOBACCO						2,293,030
HEALTH CARE EQUIPMENT & SERVICES - 0.4%
	648,375	i	Accellent, Inc		4.500		03/12/21		645,542
	2,804,004	i	Biomet, Inc		3.661		07/25/17		2,806,163
	3,208,432	i	Capsugel Holdings US, Inc		3.500		08/01/18		3,200,860
	700,000	i	DaVita HealthCare Partners, Inc		3.500		06/24/21		702,863
	2,977,500	i	HCA, Inc		2.984		05/01/18		2,980,745
	2,977,507	i	Kinetic Concepts, Inc		4.000		05/04/18		2,977,507
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						13,313,680
INSURANCE - 0.1%
	1,206,694	i	Compass Investors, Inc		4.250		12/27/19		1,207,454
			TOTAL INSURANCE						1,207,454
MATERIALS - 0.3%
	1,600,000	i	Minerals Technologies, Inc		4.000		05/07/21		1,606,000
	3,000,000	i	Signode Industrial Group US, Inc		4.000		05/01/21		2,989,680
	1,013,047	i	Tronox Pigments BV		4.000		03/19/20		1,014,566
			TOTAL MATERIALS						5,610,246
MEDIA - 0.2%
	1,679,137	i	CSC Holdings LLC		2.650		04/17/20		1,659,105
	2,000,000	i	Virgin Media Investment Holdings Ltd		3.500		06/08/20		1,993,120
			TOTAL MEDIA						3,652,225
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.1%
	1,591,651	i	NBTY, Inc		3.500		10/01/17		1,591,651
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						1,591,651
RETAILING - 0.2%
	1,957,631	i	Academy Ltd		4.500		08/03/18		1,962,799
	1,200,000	h,i	Stater Bros Markets		4.750		05/12/21		1,206,000
			TOTAL RETAILING						3,168,799
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.2%
	4,150,000	i	Avago Technologies Ltd		3.750		05/06/21		4,161,496
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						4,161,496

132

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SOFTWARE & SERVICES - 0.5%
$	2,542,500	i	Activision Blizzard, Inc		3.250	%	10/11/20	$	2,546,822
	1,100,000	i	Asurion LLC		8.500		03/03/21		1,140,150
	960,203	i	IMS Health, Inc		3.500		03/17/21		954,202
	1,340,612	i	Infor US, Inc		3.750		06/03/20		1,330,839
	3,000,000	i	Mitchell International, Inc		8.500		10/11/21		3,057,510
	1,507,946	i	P2 Lower Acquisition LLC		5.500		10/22/20		1,509,831
			TOTAL SOFTWARE & SERVICES						10,539,354
TECHNOLOGY HARDWARE & EQUIPMENT - 0.1%
	1,990,000	i	Scientific Games International, Inc		4.250		10/18/20		1,967,294
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						1,967,294
TELECOMMUNICATION SERVICES - 0.0%
	995,000	i	Internap Network Services Corp		6.000		11/26/19		996,871
	423,938	i	Presidio, Inc		5.000		03/31/17		425,527
			TOTAL TELECOMMUNICATION SERVICES						1,422,398
UTILITIES - 0.1%
	245,625	i	Calpine Corp		4.000		10/09/19		246,136
	2,375,000	i	Evergreen Skills Lux S.a.r.l.		7.750		04/28/22		2,355,715
			TOTAL UTILITIES						2,601,851
			TOTAL BANK LOAN OBLIGATIONS						106,358,102
			(Cost $106,015,414)
BONDS - 88.5%
CORPORATE BONDS - 40.0%
AUTOMOBILES & COMPONENTS - 0.4%
	900,000		Chrysler Group LLC		8.000		06/15/19		977,625
	1,000,000		Ford Motor Co		7.450		07/16/31		1,336,929
	950,000		Ford Motor Co		4.750		01/15/43		960,440
	2,475,000		Johnson Controls, Inc		4.625		07/02/44		2,476,955
	1,450,000		Magna International, Inc		3.625		06/15/24		1,461,729
	300,000	g,o	Schaeffler Holding Finance BV		6.875		08/15/18		316,125
	775,000	g	TRW Automotive, Inc		4.500		03/01/21		817,625
			TOTAL AUTOMOBILES & COMPONENTS						8,347,428
BANKS - 5.5%
	2,000,000	g	Australia & New Zealand Banking Group Ltd		2.400		11/23/16		2,069,930
	1,025,000	g	Banco Davivienda S.A.		2.950		01/29/18		1,022,437
	2,000,000	g	Banco de Bogota S.A.		5.000		01/15/17		2,135,000
	225,000	g	Banco de Credito e Inversiones		4.000		02/11/23		224,137
	1,500,000		Banco de Oro Unibank, Inc		3.875		04/22/16		1,539,375
	2,000,000	g	Banco del Estado de Chile		2.000		11/09/17		2,019,744
	1,500,000	g	Banco Nacional de Costa Rica		4.875		11/01/18		1,537,500
	865,000		Bancolombia S.A.		5.950		06/03/21		953,662
	900,000	g	Bangkok Bank PCL		3.250		10/18/15		919,304
	1,000,000	g	Bangkok Bank PCL		3.300		10/03/18		1,017,336
	370,000	g	Bank Nederlandse Gemeenten		1.375		09/27/17		372,829

133

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,000,000	g	Bank Nederlandse Gemeenten		1.875	%	06/11/19	$	1,003,590
	6,450,000	g	Bank of Montreal		2.625		01/25/16		6,662,011
	1,500,000	g	Bank of Nova Scotia		1.650		10/29/15		1,524,135
	4,800,000	g	Bank of Nova Scotia		2.150		08/03/16		4,940,304
	1,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		2.350		02/23/17		1,029,147
	1,000,000		BB&T Corp		1.450		01/12/18		995,226
	375,000		BB&T Corp		2.050		06/19/18		379,127
	750,000	g	BBVA Banco Continental S.A.		2.250		07/29/16		755,625
	450,000	g	BBVA Banco Continental S.A.		3.250		04/08/18		459,562
	1,000,000	g	Caixa Economica Federal		2.375		11/06/17		977,500
	1,000,000	g	Caixa Economica Federal		4.500		10/03/18		1,026,250
	250,000	g	Caixa Economica Federal		4.250		05/13/19		252,375
	1,750,000	g	Canadian Imperial Bank of Commerce		2.750		01/27/16		1,811,127
	2,000,000		Capital One Bank USA NA		1.500		03/22/18		1,981,352
	300,000		Capital One Bank USA NA		3.375		02/15/23		297,974
	285,000		Citigroup, Inc		5.000		09/15/14		287,523
	189,000		Citigroup, Inc		5.500		10/15/14		191,728
	8,975,000		Citigroup, Inc		1.300		11/15/16		8,986,578
	2,000,000		Citigroup, Inc		3.500		05/15/23		1,946,892
	2,500,000		Citigroup, Inc		3.875		10/25/23		2,560,650
	950,000		Citigroup, Inc		3.750		06/16/24		952,652
	1,775,000		Citigroup, Inc		5.300		05/06/44		1,851,410
	3,500,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		2.250		01/14/19		3,544,548
	3,000,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.950		11/09/22		3,049,884
	2,500,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		4.625		12/01/23		2,642,363
	1,200,000	g,i	Credit Agricole S.A.		7.875		12/30/49		1,311,000
	2,000,000		Eksportfinans ASA		2.375		05/25/16		2,000,000
	2,500,000		Fifth Third Bancorp		1.350		06/01/17		2,505,413
	4,250,000		Fifth Third Bancorp		2.375		04/25/19		4,305,191
	3,125,000	g	HSBC Bank plc		1.500		05/15/18		3,100,550
	500,000	g	HSBC Bank plc		4.125		08/12/20		541,191
	2,025,000		HSBC Holdings plc		4.250		03/14/24		2,083,980
	875,000		HSBC Holdings plc		5.250		03/14/44		936,950
	1,150,000		HSBC USA, Inc		2.375		02/13/15		1,164,309
	1,000,000		HSBC USA, Inc		1.625		01/16/18		1,002,239
	1,250,000		HSBC USA, Inc		2.250		06/23/19		1,254,121
	335,000		JPMorgan Chase & Co		5.125		09/15/14		338,177
	1,500,000		JPMorgan Chase & Co		3.150		07/05/16		1,563,524
	3,000,000		JPMorgan Chase & Co		2.000		08/15/17		3,050,859
	1,000,000		JPMorgan Chase & Co		1.800		01/25/18		1,004,833
	2,500,000		JPMorgan Chase & Co		3.875		02/01/24		2,574,445
	775,000		JPMorgan Chase & Co		4.850		02/01/44		821,753
	400,000	i	JPMorgan Chase & Co		5.150		12/30/49		383,500
	775,000	g	Macquarie Bank Ltd		2.600		06/24/19		779,899
	2,475,000	i	Malayan Banking Bhd		3.250		09/20/22		2,502,648
	1,000,000	g,i	Oversea-Chinese Banking Corp Ltd		4.000		10/15/24		1,017,449
	1,900,000	g	PKO Finance AB		4.630		09/26/22		1,976,000
	1,675,000		PNC Bank NA		2.200		01/28/19		1,691,499
	2,025,000		PNC Bank NA		2.250		07/02/19		2,035,807
	3,000,000		PNC Bank NA		2.950		01/30/23		2,936,151
	2,500,000		PNC Financial Services Group, Inc		3.900		04/29/24		2,547,488
	1,500,000		PNC Funding Corp		2.700		09/19/16		1,557,674

134

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	700,000	g,i	Rabobank Nederland NV		11.000	%	12/30/49	$	939,883
	3,325,000		Royal Bank of Canada		2.200		07/27/18		3,395,397
	2,750,000	g	State Bank of India		3.250		04/18/18		2,766,225
	125,000	g	Sumitomo Mitsui Banking Corp		3.150		07/22/15		128,450
	2,000,000		Sumitomo Mitsui Banking Corp		2.500		07/19/18		2,044,980
	575,000		SunTrust Bank		2.750		05/01/23		551,962
	425,000		Toronto-Dominion Bank		2.500		07/14/16		440,163
	2,000,000	g	Toronto-Dominion Bank		1.625		09/14/16		2,036,800
	675,000	g	Turkiye Garanti Bankasi AS.		4.750		10/17/19		680,063
	1,000,000	g	Turkiye Halk Bankasi AS.		4.875		07/19/17		1,030,000
	675,000	g	Turkiye Halk Bankasi AS.		4.750		06/04/19		674,393
	500,000	g	Turkiye Is Bankasi		3.750		10/10/18		491,500
	700,000	g	Turkiye Is Bankasi		5.500		04/21/19		724,500
	1,000,000	g	Turkiye Is Bankasi		5.000		06/25/21		992,591
	500,000		Union Bank NA		2.125		06/16/17		511,116
	400,000		UnionBanCal Corp		3.500		06/18/22		412,458
	1,000,000		US Bancorp		1.650		05/15/17		1,015,267
	475,000		US Bancorp		2.950		07/15/22		467,769
	1,800,000		Westpac Banking Corp		2.250		01/17/19		1,821,812
	1,000,000	g	Zenith Bank plc		6.250		04/22/19		996,300
			TOTAL BANKS						133,029,066
CAPITAL GOODS - 1.0%
	750,000	g	Alpek S.A. de C.V.		5.375		08/08/23		780,000
	1,225,000		Anixter, Inc		5.625		05/01/19		1,315,344
	950,000		Caterpillar, Inc		1.500		06/26/17		960,788
	650,000		Deere & Co		2.600		06/08/22		635,543
	625,000	g	EADS Finance BV		2.700		04/17/23		601,858
	150,000		Eaton Corp		4.000		11/02/32		150,096
	1,705,000		John Deere Capital Corp		2.250		06/07/16		1,758,946
	6,000,000		John Deere Capital Corp		1.050		10/11/16		6,029,076
	500,000		John Deere Capital Corp		1.400		03/15/17		506,631
	375,000		John Deere Capital Corp		2.750		03/15/22		371,860
	716,953	g	Odebrecht Offshore Drilling Finance Ltd		6.625		10/01/22		763,554
	723,150	g	Odebrecht Offshore Drilling Finance Ltd		6.750		10/01/22		774,132
	660,000	g	Rexel S.A.		6.125		12/15/19		697,950
	500,000	g	Rexel S.A.		5.250		06/15/20		520,000
	454,000		Seagate HDD Cayman		6.875		05/01/20		490,888
	1,500,000	g	Seagate HDD Cayman		4.750		01/01/25		1,488,750
	947,000	g	Sealed Air Corp		8.375		09/15/21		1,084,315
	1,000,000		SPX Corp		6.875		09/01/17		1,125,000
	2,290,000	g	Stena AB		7.000		02/01/24		2,438,850
	2,670,000	g	TSMC Global Ltd		1.625		04/03/18		2,631,122
	875,000		United Technologies Corp		1.800		06/01/17		893,724
			TOTAL CAPITAL GOODS						26,018,427
COMMERCIAL & PROFESSIONAL SERVICES - 0.7%
	1,825,000		ADT Corp		6.250		10/15/21		1,934,500
	1,200,000		Air Lease Corp		3.875		04/01/21		1,224,000
	1,225,000		Clean Harbors, Inc		5.125		06/01/21		1,251,797
	670,000		Republic Services, Inc		3.800		05/15/18		717,790
	1,000,000		RR Donnelley & Sons Co		7.875		03/15/21		1,150,000

135

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	325,000		RR Donnelley & Sons Co		7.000	%	02/15/22	$	358,313
	675,000		RR Donnelley & Sons Co		6.500		11/15/23		705,375
	1,925,000	g	SPL Logistics Escrow LLC		8.875		08/01/20		2,156,000
	750,000	g	Time, Inc		5.750		04/15/22		757,500
	1,000,000		United Rentals North America, Inc		7.375		05/15/20		1,105,000
	1,000,000		United Rentals North America, Inc		7.625		04/15/22		1,122,500
	1,000,000		Waste Management, Inc		2.600		09/01/16		1,034,623
	2,550,000		Waste Management, Inc		2.900		09/15/22		2,497,664
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						16,015,062
CONSUMER DURABLES & APPAREL - 0.3%
	1,000,000		DR Horton, Inc		5.750		08/15/23		1,075,000
	275,000		DR Horton, Inc		4.750		05/15/17		291,500
	161,000		DR Horton, Inc		3.625		02/15/18		164,824
	600,000		DR Horton, Inc		3.750		03/01/19		603,000
	500,000		Hanesbrands, Inc		6.375		12/15/20		540,625
	1,000,000		KB Home		7.000		12/15/21		1,090,000
	2,000,000		Lennar Corp		4.500		06/15/19		2,047,500
	500,000		Levi Strauss & Co		6.875		05/01/22		551,250
	225,000		Whirlpool Corp		3.700		03/01/23		227,221
			TOTAL CONSUMER DURABLES & APPAREL						6,590,920
CONSUMER SERVICES - 1.1%
	545,000		Ameristar Casinos, Inc		7.500		04/15/21		587,237
	350,000		ARAMARK Corp		5.750		03/15/20		370,125
	300,000	g	Ceridian HCM Holding, Inc		11.000		03/15/21		346,500
	1,350,000	g	GLP Capital LP		4.375		11/01/18		1,393,875
	1,500,000		MGM Resorts International		6.750		10/01/20		1,674,375
	1,880,000		Northeastern University		4.181		03/01/23		1,924,545
	2,000,000	g	SABMiller Holdings, Inc		2.200		08/01/18		2,021,104
	2,000,000	g	SABMiller Holdings, Inc		3.750		01/15/22		2,070,930
	1,000,000		Service Corp International		7.625		10/01/18		1,172,500
	2,945,000	g	Six Flags Entertainment Corp		5.250		01/15/21		3,018,625
	1,400,000		Speedway Motorsports, Inc		6.750		02/01/19		1,484,000
	4,000,000		University of Chicago		4.151		10/01/45		3,844,840
	5,000,000		Walt Disney Co		0.875		05/30/17		4,981,900
			TOTAL CONSUMER SERVICES						24,890,556
DIVERSIFIED FINANCIALS - 5.2%
	545,000	g	Abbey National Treasury Services plc		3.875		11/10/14		551,691
	335,000		Abbey National Treasury Services plc		4.000		04/27/16		353,227
	700,000	g	Ajecorp BV		6.500		05/14/22		644,000
	1,000,000		Ally Financial, Inc		4.750		09/10/18		1,061,250
	600,000		American Express Centurion Bank		0.875		11/13/15		602,977
	875,000		American Express Centurion Bank		6.000		09/13/17		1,002,318
	2,375,000		American Express Credit Corp		1.750		06/12/15		2,405,122
	1,500,000		American Express Credit Corp		1.300		07/29/16		1,512,477
	250,000		American Express Credit Corp		2.800		09/19/16		260,306
	2,000,000		American Express Credit Corp		2.125		07/27/18		2,032,116
	750,000	g,n	Aralco Finance SA		10.125		05/07/20		95,625
	4,000,000	g,i	Armor Re Ltd		4.020		12/15/16		3,934,400
	3,475,000		Bank of America Corp		3.750		07/12/16		3,655,558

136

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	650,000		Bank of America Corp		5.300	%	03/15/17	$	714,893
	25,000		Bank of America Corp		6.000		09/01/17		28,243
	4,850,000		Bank of America Corp		2.600		01/15/19		4,907,051
	1,000,000		Bank of America Corp		5.490		03/15/19		1,124,449
	3,000,000		Bank of America Corp		2.650		04/01/19		3,040,800
	3,150,000		Bank of America Corp		4.100		07/24/23		3,269,281
	500,000		Bank of America Corp		4.000		04/01/24		510,265
	2,900,000		Bank of America Corp		5.000		01/21/44		3,076,735
	500,000		Bank of New York Mellon Corp		1.200		02/20/15		502,525
	1,350,000	i	Bank of New York Mellon Corp		1.969		06/20/17		1,379,281
	275,000		Bank of New York Mellon Corp		5.450		05/15/19		316,878
	1,000,000	g	BBVA Bancomer S.A.		6.750		09/30/22		1,145,000
	1,000,000	g	BBVA Bancomer S.A.		4.375		04/10/24		1,018,750
	500,000		BlackRock, Inc		3.500		12/10/14		507,206
	825,000		BlackRock, Inc		1.375		06/01/15		833,500
	1,350,000		BlackRock, Inc		4.250		05/24/21		1,481,108
	2,000,000	g	Caisse Centrale Desjardins du Quebec		2.550		03/24/16		2,067,220
	3,000,000	g	Caisse Centrale Desjardins du Quebec		1.600		03/06/17		3,048,483
	3,175,000		Capital One Financial Corp		1.000		11/06/15		3,183,706
	1,000,000		Celanese US Holdings LLC		4.625		11/15/22		1,005,000
	1,000,000	g	Comcel Trust		6.875		02/06/24		1,080,000
	300,000		Countrywide Financial Corp		6.250		05/15/16		327,366
	1,225,000		Credit Suisse		2.300		05/28/19		1,226,967
	2,000,000		Ford Motor Credit Co LLC		1.700		05/09/16		2,025,466
	1,500,000		Ford Motor Credit Co LLC		3.000		06/12/17		1,564,875
	1,000,000		Ford Motor Credit Co LLC		5.750		02/01/21		1,163,287
	3,000,000		General Electric Capital Corp		1.500		07/12/16		3,043,101
	950,000		General Electric Capital Corp		2.300		04/27/17		981,215
	2,500,000		General Electric Capital Corp		2.300		01/14/19		2,550,310
	5,450,000		General Electric Capital Corp		3.100		01/09/23		5,407,217
	400,000		General Electric Capital Corp		6.875		01/10/39		537,311
	2,575,000		General Motors Financial Co, Inc		3.250		05/15/18		2,613,625
	150,000		General Motors Financial Co, Inc		4.250		05/15/23		149,812
	275,000		Goldman Sachs Group, Inc		3.300		05/03/15		281,108
	2,890,000		Goldman Sachs Group, Inc		2.375		01/22/18		2,934,899
	500,000		Goldman Sachs Group, Inc		2.625		01/31/19		506,796
	2,500,000		Goldman Sachs Group, Inc		3.625		01/22/23		2,510,753
	1,200,000		Goldman Sachs Group, Inc		4.000		03/03/24		1,221,551
	1,375,000	h	Goldman Sachs Group, Inc		3.850		07/08/24		1,373,185
	150,000		Goldman Sachs Group, Inc		6.450		05/01/36		175,159
	2,375,000		Goldman Sachs Group, Inc		6.750		10/01/37		2,857,206
	2,925,000	h	Goldman Sachs Group, Inc		4.800		07/08/44		2,910,726
	575,000		Icahn Enterprises LP		4.875		03/15/19		592,250
	1,700,000		Icahn Enterprises LP		5.875		02/01/22		1,780,750
	300,000		Indian Railway Finance Corp Ltd		3.917		02/26/19		308,061
	200,000	g	International Lease Finance Corp		6.500		09/01/14		201,500
	1,420,000		International Lease Finance Corp		5.750		05/15/16		1,521,175
	1,300,000		International Lease Finance Corp		3.875		04/15/18		1,332,500
	2,000,000		International Lease Finance Corp		5.875		08/15/22		2,185,000
	750,000	g	Inversiones CMPC S.A.		4.375		05/15/23		745,253
	300,000		Kreditanstalt fuer Wiederaufbau		4.875		01/17/17		330,771
	300,000		Legg Mason, Inc		2.700		07/15/19		302,109

137

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	425,000		Legg Mason, Inc		3.950	%	07/15/24	$	428,991
	850,000	g	Lukoil International Finance BV		6.125		11/09/20		919,063
	1,200,000		Morgan Stanley		1.750		02/25/16		1,217,042
	1,000,000		Morgan Stanley		5.500		07/28/21		1,148,827
	800,000		Morgan Stanley		3.750		02/25/23		813,823
	1,800,000		Morgan Stanley		3.875		04/29/24		1,821,816
	500,000		Morgan Stanley		6.375		07/24/42		634,422
	250,000		National Rural Utilities Cooperative Finance Corp		10.375		11/01/18		336,804
	1,000,000	g	Nederlandse Waterschapsbank NV		1.875		03/13/19		1,005,640
	1,000,000	g	Odebrecht Finance Ltd		5.250		06/27/29		995,500
	750,000	g	PTTEP Australia International Finance Pty Ltd		4.152		07/19/15		771,347
	1,325,000	g	Rio Oil Finance Trust		6.250		07/06/24		1,391,674
	750,000	g	Sberbank of Russia Via SB Capital S.A.		5.250		05/23/23		703,125
	3,575,000		SLM Corp		4.875		06/17/19		3,684,395
	1,675,000		State Street Corp		1.350		05/15/18		1,656,250
	900,000	g	SUAM Finance BV		4.875		04/17/24		918,000
	1,550,000	g	Temasek Financial I Ltd		2.375		01/23/23		1,482,558
	400,000		Toyota Motor Credit Corp		1.250		10/05/17		399,724
	1,000,000		Unilever Capital Corp		0.850		08/02/17		992,099
	1,500,000		Unilever Capital Corp		2.200		03/06/19		1,521,707
	500,000		Wells Fargo & Co		1.500		07/01/15		505,639
	650,000		Wells Fargo & Co		2.100		05/08/17		666,662
	3,300,000		Wells Fargo & Co		4.100		06/03/26		3,341,577
			TOTAL DIVERSIFIED FINANCIALS						125,369,430
ENERGY - 4.3%
	160,000		Anadarko Petroleum Corp		6.950		06/15/19		195,816
	325,000		Apache Corp		1.750		04/15/17		330,759
	855,000		Apache Corp		4.750		04/15/43		896,025
	833,000		Arch Coal, Inc		7.000		06/15/19		630,997
	3,000,000		Ashland, Inc		3.875		04/15/18		3,086,250
	2,000,000		Atlas Pipeline Partners LP		5.875		08/01/23		2,035,000
	3,600,000		BP Capital Markets plc		1.375		05/10/18		3,566,498
	2,000,000		Calumet Specialty Products Partners LP		9.625		08/01/20		2,305,000
	1,115,000	g	Calumet Specialty Products Partners LP		6.500		04/15/21		1,137,300
	1,000,000		Calumet Specialty Products Partners LP		7.625		01/15/22		1,075,000
	575,000		Canadian Natural Resources Ltd		3.800		04/15/24		592,717
	1,400,000		Chaparral Energy, Inc		7.625		11/15/22		1,512,000
	850,000	i	Chesapeake Energy Corp		3.479		04/15/19		859,562
	500,000		Chesapeake Energy Corp		5.375		06/15/21		532,500
	500,000		Chesapeake Midstream Partners LP		6.125		07/15/22		552,500
	1,950,000		Concho Resources, Inc		5.500		04/01/23		2,096,250
	500,000		Consol Energy Inc		8.250		04/01/20		541,250
	600,000	g	CONSOL Energy, Inc		5.875		04/15/22		628,500
	2,340,000		Continental Resources, Inc		5.000		09/15/22		2,544,750
	2,415,000		Crestwood Midstream Partners LP		6.000		12/15/20		2,535,750
	500,000	g	Crestwood Midstream Partners LP		6.125		03/01/22		526,250
	456,000		Crosstex Energy LP		7.125		06/01/22		528,675
	625,000		Devon Energy Corp		1.875		05/15/17		635,797
	300,000		Devon Energy Corp		4.750		05/15/42		311,734
	625,000		Ecopetrol S.A.		5.875		09/18/23		701,562
	600,000		Ecopetrol S.A.		5.875		05/28/45		620,568

138

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	825,000	g	EDC Finance Ltd		4.875	%	04/17/20	$	806,437
	500,000	g	Empresa Nacional del Petroleo		6.250		07/08/19		569,919
	275,000		Enterprise Products Operating LLC		5.600		10/15/14		279,067
	75,000		Enterprise Products Operating LLC		5.000		03/01/15		77,258
	750,000		Enterprise Products Operating LLC		5.100		02/15/45		800,591
	300,000		EOG Resources, Inc		2.625		03/15/23		289,511
	1,250,000		EP Energy LLC		6.875		05/01/19		1,329,687
	1,250,000		EP Energy LLC		9.375		05/01/20		1,431,250
	2,400,000		Exterran Partners LP		6.000		04/01/21		2,424,000
	300,000	g	Gazprom OAO Via Gaz Capital S.A.		3.850		02/06/20		291,750
	1,000,000		Halcon Resources Corp		9.750		07/15/20		1,091,250
	850,000		Halcon Resources Corp		8.875		05/15/21		913,750
	285,000		Hess Corp		5.600		02/15/41		331,395
	950,000	g	Indo Energy Finance II BV		6.375		01/24/23		792,775
	715,000	g	KMG Finance Sub BV		6.375		04/09/21		796,153
	2,000,000		Linn Energy LLC		6.250		11/01/19		2,095,000
	750,000		Marathon Petroleum Corp		3.500		03/01/16		783,215
	275,000		MarkWest Energy Partners LP		6.750		11/01/20		298,375
	425,000		MarkWest Energy Partners LP		5.500		02/15/23		452,625
	1,000,000		Murphy Oil USA, Inc		6.000		08/15/23		1,052,500
	300,000		Newfield Exploration Co		5.750		01/30/22		331,500
	900,000		Newfield Exploration Co		5.625		07/01/24		987,750
	1,100,000		Noble Energy, Inc		5.250		11/15/43		1,212,651
	125,000		Noble Holding International Ltd		3.450		08/01/15		128,564
	350,000		Noble Holding International Ltd		4.900		08/01/20		386,096
	750,000	g	Oasis Petroleum, Inc		6.875		03/15/22		817,500
	700,000	g	Oleoducto Central SA		4.000		05/07/21		700,000
	1,800,000	g	ONE Gas, Inc		2.070		02/01/19		1,801,580
	575,000	g	ONE Gas, Inc		3.610		02/01/24		594,496
	1,225,000	g	ONE Gas, Inc		4.658		02/01/44		1,319,534
	1,000,000	g	Pacific Rubiales Energy Corp		5.375		01/26/19		1,042,500
	500,000		Peabody Energy Corp		7.375		11/01/16		549,375
	2,000,000		Peabody Energy Corp		6.000		11/15/18		2,085,000
	275,000		Pemex Project Funding Master Trust		6.625		06/15/35		323,813
	500,000	g	Pertamina Persero PT		4.300		05/20/23		471,875
	675,000	g	Pertamina PT		5.250		05/23/21		695,250
	500,000	g	Pertamina PT		6.500		05/27/41		498,750
	925,000	i	Petrobras Global Finance BV		1.849		05/20/16		926,147
	925,000		Petrobras Global Finance BV		3.250		03/17/17		948,393
	1,000,000	i	Petrobras Global Finance BV		2.367		01/15/19		995,000
	750,000		Petrobras Global Finance BV		3.000		01/15/19		736,238
	425,000		Petrobras Global Finance BV		6.250		03/17/24		452,370
	1,500,000		Petrobras International Finance Co		3.875		01/27/16		1,546,575
	1,250,000		Petroleos Mexicanos		3.500		07/18/18		1,313,750
	325,000		Petroleos Mexicanos		5.500		01/21/21		364,813
	600,000		Petroleos Mexicanos		3.500		01/30/23		585,900
	540,000		Petroleos Mexicanos		6.500		06/02/41		627,750
	50,000		Petroleos Mexicanos		5.500		06/27/44		52,050
	430,000	g	Petroleum Co of Trinidad & Tobago Ltd		9.750		08/14/19		540,725
	700,000		Phillips 66		1.950		03/05/15		707,005
	3,935,000		Plains Exploration & Production Co		6.500		11/15/20		4,392,444
	2,800,000		Precision Drilling Trust		6.625		11/15/20		2,996,000

139

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,000,000	g	PTT Exploration & Production PCL		3.707	%	09/16/18	$	1,044,456
	750,000	g	PTTEP Canada International Finance Ltd		5.692		04/05/21		835,106
	500,000		Range Resources Corp		5.750		06/01/21		540,000
	800,000		Regency Energy Partners LP		5.750		09/01/20		862,000
	600,000		Regency Energy Partners LP		6.500		07/15/21		654,000
	570,000		Regency Energy Partners LP		5.875		03/01/22		619,163
	200,000		Regency Energy Partners LP		5.500		04/15/23		209,000
	1,000,000	g	Reliance Holdings USA		5.400		02/14/22		1,079,759
	1,155,000		SandRidge Energy, Inc		7.500		03/15/21		1,251,731
	800,000		SandRidge Energy, Inc		8.125		10/15/22		881,000
	2,000,000	g	Schlumberger Norge AS.		1.250		08/01/17		1,998,488
	1,175,000		SESI LLC		7.125		12/15/21		1,324,813
	425,000		Shell International Finance BV		2.375		08/21/22		409,349
	575,000		Shell International Finance BV		4.550		08/12/43		605,641
	300,000		SM Energy Co		6.500		01/01/23		324,750
	1,350,000		Southwestern Energy Co		4.100		03/15/22		1,430,773
	200,000		Statoil ASA		2.900		10/15/14		201,491
	200,000		Statoil ASA		1.200		01/17/18		198,556
	375,000		Statoil ASA		2.450		01/17/23		359,946
	675,000		Statoil ASA		4.250		11/23/41		680,467
	650,000		Total Capital Canada Ltd		1.450		01/15/18		650,229
	1,000,000		Total Capital International S.A.		1.500		02/17/17		1,015,993
	500,000		TransCanada PipeLines Ltd		5.850		03/15/36		597,540
	250,000	i	TransCanada PipeLines Ltd		6.350		05/15/67		260,313
	865,000	g	Ultra Petroleum Corp		5.750		12/15/18		908,250
	415,000		Vale Overseas Ltd		4.375		01/11/22		426,081
	125,000		Vale Overseas Ltd		6.875		11/21/36		138,380
	4,500,000		Whiting Petroleum Corp		5.000		03/15/19		4,736,250
			TOTAL ENERGY						103,260,437
FOOD & STAPLES RETAILING - 0.2%
	185,000		CVS Caremark Corp		3.250		05/18/15		189,715
	750,000		CVS Caremark Corp		4.000		12/05/23		784,849
	1,725,000		CVS Caremark Corp		5.300		12/05/43		1,950,054
	2,000,000		Ingles Markets, Inc		5.750		06/15/23		2,030,000
			TOTAL FOOD & STAPLES RETAILING						4,954,618
FOOD, BEVERAGE & TOBACCO - 0.9%
	500,000		Anheuser-Busch InBev Worldwide, Inc		2.875		02/15/16		518,513
	1,250,000		Anheuser-Busch InBev Worldwide, Inc		1.375		07/15/17		1,254,205
	1,775,000		Anheuser-Busch InBev Worldwide, Inc		2.500		07/15/22		1,700,869
	255,000		B&G Foods, Inc		4.625		06/01/21		255,637
	250,000		Campbell Soup Co		2.500		08/02/22		235,214
	750,000		Coca-Cola Co		0.750		03/13/15		752,636
	1,550,000		Coca-Cola Co		3.200		11/01/23		1,566,697
	500,000		ConAgra Foods, Inc		1.900		01/25/18		501,206
	750,000	g	Corp Lindley S.A.		6.750		11/23/21		828,750
	1,350,000		Diageo Capital plc		2.625		04/29/23		1,294,133
	1,000,000	g	Embotelladora Andina S.A.		5.000		10/01/23		1,060,849
	500,000		Fomento Economico Mexicano SAB de C.V.		2.875		05/10/23		476,345
	2,000,000	g	Grupo Bimbo SAB de C.V.		4.875		06/30/20		2,180,000
	1,000,000	g	Grupo Bimbo SAB de C.V.		3.875		06/27/24		998,020

140

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	430,000		Kraft Foods Group, Inc		6.500	%	02/09/40	$	550,627
	225,000		Mondelez International, Inc		4.125		02/09/16		236,604
	2,000,000		Mondelez International, Inc		4.000		02/01/24		2,071,586
	38,000		PepsiCo, Inc		7.900		11/01/18		47,300
	1,000,000	g	Pernod-Ricard S.A.		2.950		01/15/17		1,039,928
	100,000		Philip Morris International, Inc		6.375		05/16/38		128,301
	825,000	g	Post Holdings, Inc		6.750		12/01/21		876,563
	160,000	g	Post Holdings, Inc		7.375		02/15/22		173,000
	1,080,000		Post Holdings, Inc		7.375		02/15/22		1,167,750
	710,000	g	Post Holdings, Inc		6.000		12/15/22		724,200
	430,000		Smithfield Foods, Inc		6.625		08/15/22		470,850
	260,000	g	Sun Merger Sub, Inc		5.250		08/01/18		271,700
			TOTAL FOOD, BEVERAGE & TOBACCO						21,381,483
HEALTH CARE EQUIPMENT & SERVICES - 1.5%
	800,000		Baxter International, Inc		3.200		06/15/23		793,466
	250,000		Becton Dickinson & Co		1.750		11/08/16		254,727
	1,225,000		CHS/Community Health Systems		5.125		08/15/18		1,284,719
	1,000,000		CHS/Community Health Systems		8.000		11/15/19		1,095,000
	1,375,000	g	CHS/Community Health Systems		6.875		02/01/22		1,457,500
	750,000		Covidien International Finance S.A.		1.350		05/29/15		756,088
	375,000		Covidien International Finance S.A.		3.200		06/15/22		377,199
	3,100,000		Express Scripts Holding Co		2.100		02/12/15		3,131,285
	625,000		Express Scripts Holding Co		3.900		02/15/22		654,090
	1,722,000	g	Fresenius Medical Care Capital Trust		5.750		02/15/21		1,881,285
	1,000,000	g	Fresenius Medical Care II		5.625		07/31/19		1,090,000
	165,000		HCA, Inc		6.500		02/15/20		185,625
	975,000		HCA, Inc		5.875		03/15/22		1,056,656
	2,900,000		Kinetic Concepts, Inc		10.500		11/01/18		3,277,000
	1,500,000		LifePoint Hospitals, Inc		6.625		10/01/20		1,620,000
	1,225,000	g	LifePoint Hospitals, Inc		5.500		12/01/21		1,283,187
	3,325,000		Mallinckrodt International Finance S.A.		3.500		04/15/18		3,308,375
	1,725,000		McKesson Corp		4.883		03/15/44		1,811,523
	3,000,000		Tenet Healthcare Corp		6.250		11/01/18		3,330,000
	225,000		Tenet Healthcare Corp		6.000		10/01/20		244,125
	875,000		Tenet Healthcare Corp		8.125		04/01/22		1,012,812
	475,000		Thermo Fisher Scientific, Inc		2.250		08/15/16		487,475
	450,000		Thermo Fisher Scientific, Inc		2.400		02/01/19		454,579
	600,000		Thermo Fisher Scientific, Inc		4.150		02/01/24		627,451
	1,175,000		Thermo Fisher Scientific, Inc		5.300		02/01/44		1,304,149
	525,000	g	Valeant Pharmaceuticals International, Inc		7.500		07/15/21		581,438
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						33,359,754
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	500,000		Clorox Co		3.800		11/15/21		523,686
	380,000		Colgate-Palmolive Co		2.300		05/03/22		368,906
	375,000		Ecolab, Inc		1.450		12/08/17		375,480
	405,000	g	First Quality Finance Co, Inc		4.625		05/15/21		382,725
	1,125,000		Reynolds Group Issuer, Inc		5.750		10/15/20		1,186,875
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						2,837,672

141

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
INSURANCE - 1.4%
$	250,000		Aetna, Inc		1.500	%	11/15/17	$	250,947
	240,000		Aetna, Inc		6.500		09/15/18		283,747
	150,000		Aetna, Inc		6.625		06/15/36		195,164
	675,000		Allstate Corp		3.150		06/15/23		677,298
	700,000		Allstate Corp		4.500		06/15/43		727,221
	2,700,000		Berkshire Hathaway Finance Corp		1.300		05/15/18		2,676,774
	400,000		Chubb Corp		6.000		05/11/37		503,071
	80,000		CIGNA Corp		5.125		06/15/20		90,462
	1,000,000		CIGNA Corp		4.500		03/15/21		1,098,928
	1,400,000	g	Fidelity & Guaranty Life Holdings, Inc		6.375		04/01/21		1,501,500
	4,050,000	g	Five Corners Funding Trust		4.419		11/15/23		4,270,045
	525,000		Hartford Financial Services Group, Inc		4.000		03/30/15		538,999
	925,000		Hartford Financial Services Group, Inc		4.000		10/15/17		998,134
	250,000		Lincoln National Corp		7.000		06/15/40		342,735
	525,000	g	MetLife Institutional Funding II		1.625		04/02/15		529,733
	525,000		MetLife, Inc		6.750		06/01/16		583,414
	3,000,000		MetLife, Inc		4.368		09/15/23		3,218,487
	1,275,000		MetLife, Inc		4.125		08/13/42		1,240,841
	1,500,000	g	Onex USI Aquisition Corp		7.750		01/15/21		1,541,250
	200,000		Principal Financial Group, Inc		1.850		11/15/17		201,010
	750,000		Prudential Financial, Inc		5.400		06/13/35		843,610
	750,000		Prudential Financial, Inc		5.100		08/15/43		809,832
	3,400,000	i	Prudential Financial, Inc		5.200		03/15/44		3,468,000
	300,000	g	Prudential Funding LLC		6.750		09/15/23		373,005
	175,000	g	Swiss Re Treasury US Corp		2.875		12/06/22		167,496
	450,000	g	Swiss Re Treasury US Corp		4.250		12/06/42		433,461
	300,000		Travelers Cos, Inc		5.800		05/15/18		344,535
	2,450,000		UnitedHealth Group, Inc		1.400		10/15/17		2,459,288
	1,500,000		WellPoint, Inc		1.250		09/10/15		1,511,451
	500,000		WellPoint, Inc		4.625		05/15/42		509,067
	2,000,000		Willis Group Holdings plc		4.125		03/15/16		2,091,202
	150,000		WR Berkley Corp		5.375		09/15/20		168,578
			TOTAL INSURANCE						34,649,285
MATERIALS - 2.8%
	75,000		Airgas, Inc		4.500		09/15/14		75,621
	1,500,000		AngloGold Ashanti Holdings plc		8.500		07/30/20		1,680,000
	440,000		ArcelorMittal		5.000		02/25/17		465,300
	1,000,000		Ball Corp		5.750		05/15/21		1,063,750
	100,000		Barrick Gold Corp		4.100		05/01/23		99,585
	850,000		Barrick North America Finance LLC		4.400		05/30/21		889,333
	450,000	g	Belden, Inc		5.500		09/01/22		465,750
	600,000		BHP Billiton Finance USA Ltd		5.000		09/30/43		663,111
	550,000		Braskem Finance Ltd		6.450		02/03/24		587,813
	1,500,000	g	Cascades, Inc		5.500		07/15/22		1,496,250
	2,000,000		Celulosa Arauco y Constitucion S.A.		4.750		01/11/22		2,067,108
	1,175,000	g	Cemex Finance LLC		6.000		04/01/24		1,223,469
	1,500,000		CF Industries, Inc		7.125		05/01/20		1,847,622
	750,000	g	Cia Brasileira de Aluminio		4.750		06/17/24		736,875
	200,000		Corning, Inc		1.450		11/15/17		196,656
	1,000,000		Corning, Inc		4.250		08/15/20		1,089,832
	750,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.750		11/04/20		781,996

142

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,000,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.000	%	07/17/22	$	968,485
	200,000	g	Corp Nacional del Cobre de Chile-CODELCO		4.250		07/17/42		182,574
	1,705,000		Crown Americas LLC		6.250		02/01/21		1,824,350
	680,000		Crown Americas LLC		4.500		01/15/23		662,320
	1,500,000		Eagle Spinco, Inc		4.625		02/15/21		1,488,750
	750,000		EI du Pont de Nemours & Co		2.800		02/15/23		732,752
	450,000		EI du Pont de Nemours & Co		4.150		02/15/43		438,951
	1,550,000	g	Eldorado Gold Corp		6.125		12/15/20		1,565,500
	715,000		Fibria Overseas Finance Ltd		5.250		05/12/24		711,425
	975,000	g	Fresnillo plc		5.500		11/13/23		1,018,875
	2,000,000	g	Glencore Funding LLC		1.700		05/27/16		2,018,204
	1,950,000	g	Glencore Funding LLC		2.500		01/15/19		1,945,037
	3,100,000	g	Glencore Funding LLC		3.125		04/29/19		3,161,380
	2,125,000	g	Glencore Funding LLC		4.625		04/29/24		2,190,663
	2,000,000		Graphic Packaging International, Inc		4.750		04/15/21		2,040,000
	3,075,000		Hexion US Finance Corp		6.625		04/15/20		3,259,500
	835,000	g	INEOS Group Holdings S.A.		5.875		02/15/19		855,875
	2,000,000		International Paper Co		5.300		04/01/15		2,071,542
	4,550,000		International Paper Co		4.750		02/15/22		5,017,135
	600,000		International Paper Co		4.800		06/15/44		604,734
	4,000,000		LyondellBasell Industries NV		5.000		04/15/19		4,511,904
	525,000		Monsanto Co		3.375		07/15/24		528,470
	400,000		Monsanto Co		4.200		07/15/34		403,710
	1,125,000		Nucor Corp		4.000		08/01/23		1,165,593
	1,500,000	g	OCP S.A.		5.625		04/25/24		1,573,125
	500,000		Praxair, Inc		2.450		02/15/22		484,514
	1,450,000		Rio Tinto Finance USA Ltd		2.250		09/20/16		1,494,981
	525,000		Rio Tinto Finance USA plc		2.250		12/14/18		535,164
	680,000		Rock Tenn Co		4.450		03/01/19		736,775
	820,000		Rock Tenn Co		4.900		03/01/22		895,027
	400,000		Rockwood Specialties Group, Inc		4.625		10/15/20		415,000
	1,200,000		Rosetta Resources, Inc		5.625		05/01/21		1,234,500
	900,000	g	Samarco Mineracao S.A.		5.750		10/24/23		944,730
	250,000	g	Sappi Papier Holding AG.		6.625		04/15/21		263,750
	800,000	g	Severstal OAO Via Steel Capital S.A.		5.900		10/17/22		782,000
	425,000		Sherwin-Williams Co		1.350		12/15/17		425,548
	500,000		Silgan Holdings, Inc		5.000		04/01/20		512,500
	650,000		Steel Dynamics, Inc		5.250		04/15/23		672,750
	700,000		Teck Resources Ltd		2.500		02/01/18		713,003
	800,000		Teck Resources Ltd		3.750		02/01/23		776,744
	125,000		Teck Resources Ltd		6.000		08/15/40		132,169
	525,000		Teck Resources Ltd		5.200		03/01/42		505,614
	550,000		Tronox Finance LLC		6.375		08/15/20		567,875
	925,000	g	Turkiye Sise ve Cam Fabrikalari AS.		4.250		05/09/20		892,625
			TOTAL MATERIALS						69,356,194
MEDIA - 2.2%
	2,500,000		AMC Entertainment, Inc		5.875		02/15/22		2,600,000
	750,000	g	CBS Outdoor Americas Capital LLC		5.250		02/15/22		770,625
	1,100,000		CCO Holdings LLC		6.500		04/30/21		1,171,500
	2,000,000		Cinemark USA, Inc		5.125		12/15/22		2,047,500
	2,350,000		Comcast Corp		2.850		01/15/23		2,332,194

143

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	3,125,000		Comcast Corp		4.250	%	01/15/33	$	3,210,109
	3,000,000		DIRECTV Holdings LLC		1.750		01/15/18		3,004,128
	2,475,000		DIRECTV Holdings LLC		4.450		04/01/24		2,624,302
	775,000		Grupo Televisa S.A.		6.000		05/15/18		881,121
	725,000		Grupo Televisa SAB		5.000		05/13/45		726,443
	1,000,000		Lamar Media Corp		5.000		05/01/23		1,006,250
	2,650,000	g	NBC Universal Enterprise, Inc		1.662		04/15/18		2,648,267
	700,000	g	NBC Universal Enterprise, Inc		1.974		04/15/19		694,112
	1,000,000		NBC Universal Media LLC		2.875		01/15/23		993,177
	2,000,000		News America, Inc		5.300		12/15/14		2,045,024
	125,000		News America, Inc		7.625		11/30/28		163,013
	90,000		News America, Inc		6.550		03/15/33		112,108
	325,000		News America, Inc		6.650		11/15/37		412,665
	250,000		News America, Inc		6.900		08/15/39		327,021
	400,000		Nielsen Finance LLC		4.500		10/01/20		403,000
	675,000	g,h	Nielsen Finance LLC		5.000		04/15/22		680,062
	600,000		Regal Entertainment Group		5.750		03/15/22		622,500
	900,000		Regal Entertainment Group		5.750		06/15/23		924,750
	2,100,000	g	Sirius XM Radio, Inc		5.875		10/01/20		2,220,750
	1,500,000		Starz LLC		5.000		09/15/19		1,561,875
	1,500,000		Time Warner Cable, Inc		5.875		11/15/40		1,749,690
	475,000		Time Warner Cable, Inc		4.500		09/15/42		462,403
	940,000		Time Warner, Inc		3.150		07/15/15		965,924
	3,600,000		Time Warner, Inc		2.100		06/01/19		3,581,680
	1,000,000		Time Warner, Inc		4.700		01/15/21		1,107,299
	1,000,000		Time Warner, Inc		3.400		06/15/22		1,013,507
	275,000		Time Warner, Inc		6.500		11/15/36		336,516
	700,000		Time Warner, Inc		4.900		06/15/42		712,893
	1,250,000		Time Warner, Inc		4.650		06/01/44		1,226,226
	2,000,000	g	Univision Communications, Inc		7.875		11/01/20		2,200,000
	1,525,000	g	Univision Communications, Inc		5.125		05/15/23		1,614,594
	1,500,000		Viacom, Inc		1.250		02/27/15		1,508,387
	700,000		Viacom, Inc		2.500		12/15/16		721,531
	1,500,000		Viacom, Inc		2.500		09/01/18		1,533,144
	1,000,000		Viacom, Inc		5.850		09/01/43		1,148,828
			TOTAL MEDIA						54,065,118
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.7%
	1,500,000		AbbVie, Inc		1.200		11/06/15		1,510,128
	1,200,000		AbbVie, Inc		1.750		11/06/17		1,206,545
	475,000		AbbVie, Inc		2.900		11/06/22		459,342
	2,450,000		Amgen, Inc		2.200		05/22/19		2,447,153
	200,000	g,o	Capsugel S.A.		7.000		05/15/19		206,000
	429,000	g	Endo Finance LLC & Endo Finco, Inc		7.000		07/15/19		458,494
	1,350,000		Gilead Sciences, Inc		3.700		04/01/24		1,385,236
	1,525,000		Gilead Sciences, Inc		4.800		04/01/44		1,609,172
	350,000		Mead Johnson Nutrition Co		4.600		06/01/44		352,810
	575,000		Mylan, Inc		2.550		03/28/19		579,214
	1,000,000	g	Mylan, Inc		7.875		07/15/20		1,106,859
	444,000		NBTY, Inc		9.000		10/01/18		469,530
	1,650,000	g	Perrigo Co Ltd		2.300		11/08/18		1,649,322
	450,000	g	Perrigo Co Ltd		4.000		11/15/23		457,365

144

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	400,000	g	Perrigo Co Ltd		5.300	%	11/15/43	$	429,102
	1,000,000	g	Valeant Pharmaceuticals International, Inc		6.750		08/15/18		1,077,500
	3,000,000	g	Valeant Pharmaceuticals International, Inc		7.000		10/01/20		3,187,500
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						18,591,272
REAL ESTATE - 0.8%
	150,000		AMB Property LP		4.500		08/15/17		162,444
	170,000		Camden Property Trust		4.625		06/15/21		185,876
	1,250,000		Camden Property Trust		2.950		12/15/22		1,208,436
	725,000		DCT Industrial Operating Partnership LP		4.500		10/15/23		746,918
	1,000,000		Developers Diversified Realty Corp		4.750		04/15/18		1,088,330
	500,000		Developers Diversified Realty Corp		7.875		09/01/20		632,680
	25,000		Federal Realty Investment Trust		5.650		06/01/16		27,206
	225,000		Federal Realty Investment Trust		3.000		08/01/22		222,511
	975,000		Federal Realty Investment Trust		2.750		06/01/23		933,437
	200,000		Healthcare Realty Trust, Inc		5.750		01/15/21		226,187
	150,000		Healthcare Realty Trust, Inc		3.750		04/15/23		146,521
	450,000		Healthcare Trust of America Holdings LP		3.375		07/15/21		450,242
	325,000		Healthcare Trust of America Holdings LP		3.700		04/15/23		315,804
	1,783,000		Highwoods Realty LP		5.850		03/15/17		1,981,719
	1,375,000		Highwoods Realty LP		3.200		06/15/21		1,358,682
	700,000		Kilroy Realty LP		3.800		01/15/23		706,165
	325,000		Liberty Property LP		4.125		06/15/22		338,256
	500,000		Mid-America Apartments LP		4.300		10/15/23		523,400
	1,000,000		Mid-America Apartments LP		3.750		06/15/24		996,198
	300,000		National Retail Properties, Inc		5.500		07/15/21		342,059
	525,000		National Retail Properties, Inc		3.300		04/15/23		509,508
	150,000		Regency Centers LP		5.250		08/01/15		157,070
	25,000		Regency Centers LP		5.875		06/15/17		28,105
	25,000		Simon Property Group LP		5.250		12/01/16		27,307
	825,000		Simon Property Group LP		2.800		01/30/17		859,963
	1,000,000	g	Simon Property Group LP		1.500		02/01/18		993,088
	210,000		Simon Property Group LP		10.350		04/01/19		284,520
	1,000,000	g	Trust F		5.250		12/15/24		1,050,000
	185,000		Ventas Realty LP		3.125		11/30/15		190,951
	525,000		Ventas Realty LP		3.750		05/01/24		524,285
	1,150,000		Weingarten Realty Investors		3.375		10/15/22		1,127,060
	450,000		Weingarten Realty Investors		3.500		04/15/23		440,771
	400,000		Weingarten Realty Investors		4.450		01/15/24		418,398
			TOTAL REAL ESTATE						19,204,097
RETAILING - 0.9%
	907,000		Amerigas Partners LP		6.500		05/20/21		972,757
	750,000		Asbury Automotive Group, Inc		8.375		11/15/20		832,500
	4,500,000		AutoNation, Inc		5.500		02/01/20		4,966,875
	810,000	g	Continental Rubber Of America Corp		4.500		09/15/19		858,114
	1,000,000	g	Golden Eagle Retail Group Ltd		4.625		05/21/23		929,397
	1,500,000		Home Depot, Inc		2.250		09/10/18		1,534,996
	2,500,000		Home Depot, Inc		2.000		06/15/19		2,501,733
	1,000,000		Home Depot, Inc		4.875		02/15/44		1,089,710
	1,250,000		Home Depot, Inc		4.400		03/15/45		1,269,003
	1,000,000		L Brands, Inc		5.625		10/15/23		1,086,250

145

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,000,000		Limited Brands, Inc		7.000	%	05/01/20	$	1,148,750
	625,000		Limited Brands, Inc		6.625		04/01/21		710,156
	810,000		Limited Brands, Inc		5.625		02/15/22		876,825
	2,000,000		Macy’s Retail Holdings, Inc		5.900		12/01/16		2,228,836
	700,000		Macy’s Retail Holdings, Inc		2.875		02/15/23		671,923
	870,000	g	Men’s Wearhouse, Inc		7.000		07/01/22		900,450
	645,000		O’Reilly Automotive, Inc		4.875		01/14/21		705,434
	295,000		O’Reilly Automotive, Inc		4.625		09/15/21		318,792
	350,000		O’Reilly Automotive, Inc		3.800		09/01/22		358,027
	150,000		QVC, Inc		5.125		07/02/22		159,699
			TOTAL RETAILING						24,120,227
SOFTWARE & SERVICES - 0.9%
	800,000	g	Activision Blizzard, Inc		5.625		09/15/21		862,000
	3,805,000	g	Audatex North America, Inc		6.000		06/15/21		4,061,838
	1,000,000		Baidu, Inc		2.750		06/09/19		1,003,895
	1,225,000	g	BMC Software Finance, Inc		8.125		07/15/21		1,260,219
	725,000	g	Ceridian LLC		8.125		11/15/17		732,250
	3,000,000		Fidelity National Information Services, Inc		5.000		03/15/22		3,153,894
	3,500,000		International Business Machines Corp		0.750		05/11/15		3,514,875
	950,000		International Business Machines Corp		1.250		02/06/17		957,726
	2,350,000	g	NCR Escrow Corp		5.875		12/15/21		2,479,250
	1,100,000		Oracle Corp		1.200		10/15/17		1,098,528
	2,700,000	h	Oracle Corp		3.400		07/08/24		2,693,871
	1,600,000	h	Oracle Corp		4.300		07/08/34		1,599,360
			TOTAL SOFTWARE & SERVICES						23,417,706
TECHNOLOGY HARDWARE & EQUIPMENT - 1.5%
	5,000,000		Apple, Inc		1.050		05/05/17		5,006,750
	100,000		CC Holdings GS V LLC		2.381		12/15/17		101,835
	1,775,000		Cisco Systems, Inc		2.125		03/01/19		1,788,792
	1,000,000		Flextronics International Ltd		4.625		02/15/20		1,027,500
	5,950,000		General Electric Co		0.850		10/09/15		5,979,512
	75,000		General Electric Co		5.250		12/06/17		84,618
	475,000		General Electric Co		2.700		10/09/22		466,470
	4,100,000		General Electric Co		4.500		03/11/44		4,271,950
	1,000,000		Hewlett-Packard Co		3.000		09/15/16		1,041,353
	1,700,000		Hewlett-Packard Co		2.750		01/14/19		1,743,110
	575,000		Hewlett-Packard Co		3.750		12/01/20		601,018
	2,985,000		L-3 Communications Corp		3.950		11/15/16		3,172,956
	2,000,000		L-3 Communications Corp		4.950		02/15/21		2,216,460
	550,000		Nokia Oyj		5.375		05/15/19		592,625
	1,575,000	g	NXP BV		3.750		06/01/18		1,578,938
	500,000		Scientific Games Corp		8.125		09/15/18		523,750
	1,000,000		Tyco Electronics Group S.A.		1.600		02/03/15		1,006,714
	800,000		Tyco Electronics Group S.A.		2.375		12/17/18		806,262
	1,000,000		Xerox Corp		4.250		02/15/15		1,023,028
	3,000,000		Xerox Corp		2.950		03/15/17		3,131,568
	1,300,000		Xerox Corp		2.800		05/15/20		1,297,898
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						37,463,107

146

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
TELECOMMUNICATION SERVICES - 2.8%
$	1,040,000		America Movil SAB de C.V.		3.125	%	07/16/22	$	1,023,360
	550,000		American Tower Corp		3.500		01/31/23		539,352
	1,975,000		AT&T, Inc		1.400		12/01/17		1,966,715
	1,200,000		AT&T, Inc		2.625		12/01/22		1,149,793
	1,825,000		AT&T, Inc		4.800		06/15/44		1,863,068
	1,500,000	g	B Communications Ltd		7.375		02/15/21		1,612,500
	1,500,000	g	Bharti Airtel International Netherlands BV		5.125		03/11/23		1,536,675
	1,000,000		Citizens Communications Co		7.125		03/15/19		1,135,000
	900,000	g,o	CommScope Holding Co, Inc		6.625		06/01/20		960,750
	1,200,000	g	CommScope Holding Co, Inc		5.000		06/15/21		1,224,000
	1,200,000	g	CommScope Holding Co, Inc		5.500		06/15/24		1,219,500
	750,000	g	Deutsche Telekom International Finance BV		2.250		03/06/17		769,433
	425,000	g	Deutsche Telekom International Finance BV		4.875		03/06/42		444,549
	750,000	g	ENTEL Chile S.A.		4.875		10/30/24		781,006
	925,000		Intelsat Jackson Holdings S.A.		7.500		04/01/21		1,012,875
	2,550,000		Intelsat Jackson Holdings S.A.		5.500		08/01/23		2,537,250
	500,000		Intelsat Luxembourg S.A.		8.125		06/01/23		540,625
	160,000	g	Lynx I Corp		5.375		04/15/21		168,000
	780,000	g	Lynx II Corp		6.375		04/15/23		846,300
	750,000	g	Oi S.A.		5.750		02/10/22		748,500
	500,000		Orange S.A.		5.500		02/06/44		558,410
	750,000	g	Qtel International Finance Ltd		3.875		01/31/28		702,165
	175,000	g	SES		3.600		04/04/23		176,955
	725,000	g	SES Global Americas Holdings GP		2.500		03/25/19		730,164
	1,325,000	g	Sprint Corp		7.250		09/15/21		1,460,812
	675,000		Sprint Nextel Corp		6.000		11/15/22		688,500
	1,000,000		Telefonica Emisiones SAU		3.992		02/16/16		1,046,998
	1,150,000		Telefonica Emisiones SAU		4.570		04/27/23		1,221,426
	500,000		Telefonos de Mexico SAB de C.V.		5.500		11/15/19		573,395
	1,000,000		T-Mobile USA, Inc		6.464		04/28/19		1,052,500
	3,000,000		T-Mobile USA, Inc		6.542		04/28/20		3,240,000
	750,000	g	Turk Telekomunikasyon AS.		3.750		06/19/19		741,300
	1,800,000		Verizon Communications, Inc		0.700		11/02/15		1,804,671
	4,100,000		Verizon Communications, Inc		3.650		09/14/18		4,384,872
	975,000		Verizon Communications, Inc		2.550		06/17/19		989,097
	1,600,000		Verizon Communications, Inc		3.450		03/15/21		1,653,446
	6,500,000		Verizon Communications, Inc		5.150		09/15/23		7,274,104
	975,000		Verizon Communications, Inc		4.150		03/15/24		1,018,048
	1,000,000		Verizon Communications, Inc		6.400		09/15/33		1,224,938
	1,300,000		Verizon Communications, Inc		3.850		11/01/42		1,144,602
	4,875,000		Verizon Communications, Inc		6.550		09/15/43		6,134,900
	750,000	g	Vimpelcom Holdings		7.504		03/01/22		809,063
	1,000,000	g	VimpelCom Holdings BV		5.950		02/13/23		986,250
	1,450,000	g,h	Wind Acquisition Finance S.A.		4.750		07/15/20		1,460,875
	1,500,000		Windstream Corp		7.750		10/01/21		1,638,750
	1,425,000		Windstream Corp		6.375		08/01/23		1,444,594
			TOTAL TELECOMMUNICATION SERVICES						66,240,086
TRANSPORTATION - 1.0%
	655,000	g	Asciano Finance Ltd		5.000		04/07/18		713,212
	750,000	g	Bombardier, Inc		7.500		03/15/18		845,625
	600,000	g	Bombardier, Inc		7.750		03/15/20		678,090

147

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	600,000	g	Bombardier, Inc		6.125	%	01/15/23	$	618,000
	225,000		Bristow Group, Inc		6.250		10/15/22		241,875
	1,000,000	g	DP World Ltd		6.850		07/02/37		1,115,000
	400,000	g	Embraer Overseas Ltd		5.696		09/16/23		432,520
	3,000,000	g	ERAC USA Finance LLC		2.800		11/01/18		3,098,493
	1,063,000		GATX Corp		1.250		03/04/17		1,059,342
	2,115,000		GATX Corp		2.375		07/30/18		2,133,494
	1,200,000		GATX Corp		2.500		07/30/19		1,207,722
	1,000,000		GATX Corp		5.200		03/15/44		1,065,704
	2,674,000		Gulfmark Offshore, Inc		6.375		03/15/22		2,780,960
	350,000		Hertz Corp		5.875		10/15/20		365,750
	750,000		Hertz Corp		6.250		10/15/22		794,062
	3,550,000		Kansas City Southern de Mexico S.A. de C.V.		2.350		05/15/20		3,400,733
	375,000		Northrop Grumman Corp		1.750		06/01/18		373,172
	1,060,000	g	Transnet Ltd		4.500		02/10/16		1,112,184
	665,000	g	Transnet SOC Ltd		4.000		07/26/22		624,435
	525,000		United Parcel Service, Inc		3.625		10/01/42		484,333
			TOTAL TRANSPORTATION						23,144,706
UTILITIES - 3.8%
	750,000	g	Abu Dhabi National Energy Co		5.875		10/27/16		826,747
	1,750,000	g	Abu Dhabi National Energy Co		4.125		03/13/17		1,861,650
	1,000,000	g	Abu Dhabi National Energy Co		2.500		01/12/18		1,014,552
	1,325,000	g	AerCap Ireland Capital Ltd		4.500		05/15/21		1,348,187
	213,000		AES Corp		8.000		10/15/17		248,145
	750,000	i	AES Corp		3.229		06/01/19		755,625
	425,000		AES Corp		4.875		05/15/23		420,750
	625,000		AGL Capital Corp		4.400		06/01/43		638,307
	825,000		Alabama Power Co		3.550		12/01/23		854,677
	365,000		Alliant Energy Corp		4.000		10/15/14		368,943
	1,000,000		American Water Capital Corp		3.850		03/01/24		1,032,230
	250,000		Atmos Energy Corp		8.500		03/15/19		319,734
	525,000		Atmos Energy Corp		4.150		01/15/43		521,540
	5,000,000		Berkshire Hathaway Energy Co		2.000		11/15/18		5,008,360
	400,000		Berkshire Hathaway Energy Co		5.150		11/15/43		448,475
	925,000		Black Hills Corp		4.250		11/30/23		979,723
	600,000	g	Calpine Corp		7.500		02/15/21		651,000
	563,000	g	Calpine Corp		7.875		01/15/23		627,745
	250,000		Carolina Power & Light Co		5.300		01/15/19		285,958
	275,000		Carolina Power & Light Co		5.700		04/01/35		327,483
	300,000		CenterPoint Energy Resources Corp		6.250		02/01/37		371,498
	2,050,000	g	CEZ AS.		4.250		04/03/22		2,133,878
	750,000	g	China Resources Gas Group Ltd		4.500		04/05/22		778,504
	1,000,000		CMS Energy Corp		5.050		03/15/22		1,136,581
	500,000		CMS Energy Corp		4.700		03/31/43		510,331
	1,025,000	g	Colbun S.A.		6.000		01/21/20		1,137,573
	1,000,000	g	Comision Federal de Electricidad		4.875		05/26/21		1,075,500
	800,000	g	Comision Federal de Electricidad		4.875		01/15/24		854,000
	1,895,000		Commonwealth Edison Co		4.000		08/01/20		2,045,543
	200,000		Commonwealth Edison Co		5.900		03/15/36		249,414
	200,000		Connecticut Light & Power Co		5.500		02/01/19		228,327
	500,000		Connecticut Light & Power Co		4.300		04/15/44		510,170

148

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	750,000		Consolidated Edison Co of New York, Inc		3.950	%	03/01/43	$	715,312
	1,000,000		Consumers Energy Co		3.375		08/15/23		1,028,406
	200,000		Duke Energy Carolinas LLC		4.300		06/15/20		220,964
	1,000,000		Duke Energy Corp		3.950		09/15/14		1,007,221
	1,000,000		Duke Energy Corp		2.100		06/15/18		1,011,024
	825,000		Duke Energy Ohio, Inc		3.800		09/01/23		870,994
	1,250,000	g,i	Electricite de France		5.625		12/30/49		1,306,625
	1,000,000	g	Empresa de Energia de Bogota S.A.		6.125		11/10/21		1,092,500
	275,000		Empresa Nacional de Electricidad S.A.		4.250		04/15/24		276,530
	200,000	g	Eskom Holdings Ltd		5.750		01/26/21		204,750
	2,100,000		Ferrellgas LP		6.500		05/01/21		2,191,875
	550,000	g	Ferrellgas LP		6.750		01/15/22		574,750
	675,000	g	FirstEnergy Transmission LLC		4.350		01/15/25		681,967
	975,000		Florida Power & Light Co		2.750		06/01/23		959,351
	750,000	g	Gates Global LLC		6.000		07/15/22		750,000
	2,000,000	g	Hrvatska Elektroprivreda		6.000		11/09/17		2,117,500
	250,000		Indiana Michigan Power Co		7.000		03/15/19		303,701
	125,000		Integrys Energy Group, Inc		4.170		11/01/20		131,603
	375,000	g	Israel Electric Corp Ltd		6.700		02/10/17		409,333
	2,500,000	g	Israel Electric Corp Ltd		5.625		06/21/18		2,662,800
	500,000	g	Israel Electric Corp Ltd		7.250		01/15/19		568,125
	100,000	g	Kansas Gas & Electric		6.700		06/15/19		120,019
	1,075,000	g	KazMunayGas National Co JSC		4.400		04/30/23		1,054,037
	1,000,000		Kinder Morgan Energy Partners LP		3.450		02/15/23		970,444
	1,500,000	g	Korea Hydro & Nuclear Power Co Ltd		2.875		10/02/18		1,534,391
	350,000		LG&E and KU Energy LLC		3.750		11/15/20		370,321
	1,000,000		Nevada Power Co		5.450		05/15/41		1,203,840
	750,000		NiSource Finance Corp		4.800		02/15/44		758,249
	1,500,000		Northeast Utilities		1.450		05/01/18		1,472,999
	1,500,000		NRG Energy, Inc		7.875		05/15/21		1,663,125
	500,000		NRG Energy, Inc		6.625		03/15/23		541,250
	2,000,000	g	NRG Energy, Inc		6.250		05/01/24		2,090,000
	1,300,000		NSTAR Electric Co		4.400		03/01/44		1,348,368
	750,000		NTPC Ltd		5.625		07/14/21		806,896
	1,800,000	g	Numericable Group S.A.		6.000		05/15/22		1,872,000
	900,000	g	Numericable Group S.A.		6.250		05/15/24		939,375
	1,225,000	g	Oncor Electric Delivery Co LLC		2.150		06/01/19		1,226,136
	500,000		Oncor Electric Delivery Co LLC		4.550		12/01/41		528,339
	300,000		ONEOK Partners LP		3.375		10/01/22		298,046
	325,000		Pacific Gas & Electric Co		8.250		10/15/18		406,072
	1,375,000		Pacific Gas & Electric Co		3.850		11/15/23		1,431,411
	350,000		PacifiCorp		2.950		02/01/22		354,610
	250,000		Pepco Holdings, Inc		2.700		10/01/15		254,925
	50,000		Potomac Electric Power Co		7.900		12/15/38		77,481
	500,000		PPL Capital Funding, Inc		4.200		06/15/22		534,628
	275,000		Progress Energy, Inc		7.050		03/15/19		335,647
	550,000		Public Service Co of Colorado		4.750		08/15/41		605,318
	400,000		Public Service Co of Oklahoma		5.150		12/01/19		451,200
	1,150,000		Public Service Electric & Gas Co		2.375		05/15/23		1,092,139
	1,750,000		Questar Market Resources, Inc		6.875		03/01/21		1,964,375
	1,250,000		Sabine Pass Liquefaction LLC		5.625		02/01/21		1,321,875
	2,500,000		Sabine Pass LNG LP		7.500		11/30/16		2,762,500

149

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	150,000		San Diego Gas & Electric Co		3.000	%	08/15/21	$	153,323
	2,000,000		Sempra Energy		4.050		12/01/23		2,112,822
	825,000		Sempra Energy		3.550		06/15/24		830,776
	1,000,000		Southern California Edison Co		4.650		10/01/43		1,078,894
	4,100,000	g	State Grid Overseas Investment 2014 Ltd		2.750		05/07/19		4,133,341
	200,000		Tampa Electric Co		4.100		06/15/42		195,125
	750,000	g	Transportadora de Gas del Peru S.A.		4.250		04/30/28		706,875
	420,000		Virginia Electric and Power Co		2.950		01/15/22		424,649
	225,000		Williams Partners LP		3.800		02/15/15		229,328
	575,000		Williams Partners LP		4.500		11/15/23		609,895
	925,000		Williams Partners LP		4.900		01/15/45		922,095
	1,000,000	g	WPD Investment Holdings Ltd		3.900		05/01/16		1,047,158
	300,000		Xcel Energy, Inc		4.800		09/15/41		322,906
			TOTAL UTILITIES						91,813,684
			TOTAL CORPORATE BONDS						968,120,335
			(Cost $936,933,784)
GOVERNMENT BONDS -  39.3%
AGENCY SECURITIES - 0.5%
	750,000		Amber Circle Funding Ltd		3.250		12/04/22		716,490
	1,445,422		Cal Dive I- Title XI, Inc		4.930		02/01/27		1,570,499
	3,000,000		Hashemite Kingdom of Jordan Government AID Bond		2.503		10/30/20		3,038,328
	3,000,000		Private Export Funding Corp (PEFCO)		2.050		11/15/22		2,842,227
	3,000,000		Ukraine Government AID Bonds		1.844		05/16/19		2,996,616
			TOTAL AGENCY SECURITIES						11,164,160
FOREIGN GOVERNMENT BONDS - 4.7%
	520,000	g	Barbados Government International Bond		7.000		08/04/22		471,900
	1,500,000	g	Brazil Loan Trust		5.477		07/24/23		1,545,000
	1,000,000	g	Brazil Minas SPE via State of Minas Gerais		5.333		02/15/28		1,009,000
	900,000		Brazilian Government International Bond		2.625		01/05/23		831,150
	300,000		Brazilian Government International Bond		4.250		01/07/25		304,050
	450,000	g	Caisse d’Amortissement de la Dette Sociale		3.375		03/20/24		466,533
	1,275,000		Canada Government International Bond		0.875		02/14/17		1,278,061
	215,000		Chile Government International Bond		3.875		08/05/20		230,480
	1,525,000		Colombia Government International Bond		4.375		07/12/21		1,636,325
	425,000		Colombia Government International Bond		2.625		03/15/23		397,375
	1,375,000		Colombia Government International Bond		4.000		02/26/24		1,417,625
	875,000	g	Costa Rica Government International Bond		4.250		01/26/23		840,000
	1,350,000	g	Croatia Government International Bond		6.250		04/27/17		1,462,212
	270,000	g	Croatia Government International Bond		6.375		03/24/21		296,662
	700,000	g	Croatia Government International Bond		5.500		04/04/23		727,125
	1,075,000	g	Democratic Socialist Republic of Sri Lanka		7.400		01/22/15		1,106,175
	500,000		Egypt Government AID Bonds		4.450		09/15/15		524,533
	275,000		European Investment Bank		4.875		02/15/36		329,190
	500,000		Export Development Canada		2.250		05/28/15		509,360
	600,000		Export-Import Bank of Korea		1.250		11/20/15		603,098
	550,000		Export-Import Bank of Korea		1.750		02/27/18		546,396
	525,000		Export-Import Bank of Korea		5.125		06/29/20		593,836
	100,000		Federative Republic of Brazil		6.000		01/17/17		111,200

150

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,267,000	g	Gabonese Republic		8.200	%	12/12/17	$	1,447,370
	5,050,000	g	Hellenic Republic Government Bond		4.750		04/17/19		7,065,160
	620,000		Hungary Government International Bond		4.125		02/19/18		646,350
	230,000		Hungary Government International Bond		4.000		03/25/19		236,922
	1,100,000		Hungary Government International Bond		5.750		11/22/23		1,212,750
	250,000		Hungary Government International Bond		5.375		03/25/24		267,500
	1,000,000	g	Iceland Government International Bond		4.875		06/16/16		1,050,160
	225,000		Italy Government International Bond		5.375		06/12/17		249,541
	180,000		Italy Government International Bond		6.875		09/27/23		229,092
	290,000	g	Japan Finance Organization for Municipalities		2.125		03/06/19		292,395
	500,000	g	Kenya Government International Bond		5.875		06/24/19		510,250
	600,000	g	Kenya Government International Bond		6.875		06/24/24		624,000
	3,000,000		KFW		2.625		01/25/22		3,051,660
	4,000,000	g	Kommunalbanken AS.		0.750		11/21/16		3,992,460
	1,900,000	g	Kommunalbanken AS.		1.375		06/08/17		1,920,642
	4,425,000	g	Korea Housing Finance Corp		1.625		09/15/18		4,308,375
	800,000	g	Lithuania Government International Bond		5.125		09/14/17		880,504
	9,590,000		Mexican Bonos		8.000		12/07/23		863,599
	1,000,000		Mexico Government International Bond		3.500		01/21/21		1,038,500
	750,000		Mexico Government International Bond		3.625		03/15/22		778,125
	150,000		Mexico Government International Bond		6.750		09/27/34		194,250
	250,000		Mexico Government International Bond		4.750		03/08/44		255,000
	1,350,000	g	Municipality Finance plc		1.750		05/21/19		1,347,200
	1,100,000	g	Namibia International Bonds		5.500		11/03/21		1,178,353
	3,100,000	g	Nigeria Government International Bond		5.125		07/12/18		3,213,150
	3,000,000		North American Development Bank		2.300		10/10/18		3,044,514
	1,000,000		North American Development Bank		2.400		10/26/22		952,138
	1,325,000		Panama Government International Bond		5.200		01/30/20		1,478,700
	135,000		Peruvian Government International Bond		7.350		07/21/25		178,875
	2,250,000		Philippine Government International Bond		4.200		01/21/24		2,376,562
	433,000		Poland Government International Bond		5.125		04/21/21		487,125
	1,375,000		Poland Government International Bond		3.000		03/17/23		1,335,813
	750,000		Province of British Columbia Canada		2.850		06/15/15		768,675
	1,500,000		Province of Manitoba Canada		3.050		05/14/24		1,510,525
	500,000		Province of Ontario Canada		2.950		02/05/15		508,097
	1,750,000		Province of Ontario Canada		2.700		06/16/15		1,791,037
	5,000,000		Province of Ontario Canada		2.300		05/10/16		5,162,150
	620,000		Province of Quebec Canada		4.625		05/14/18		693,846
	1,000,000		Province of Quebec Canada		3.500		07/29/20		1,070,191
	1,500,000		Province of Quebec Canada		2.750		08/25/21		1,514,934
	1,025,000	g	Republic of Azerbaijan International Bond		4.750		03/18/24		1,055,750
	750,000	g	Republic of Ghana		8.500		10/04/17		787,500
	1,500,000	g	Republic of Latvia		2.750		01/12/20		1,481,250
	1,700,000	g	Republic of Serbia		5.250		11/21/17		1,772,250
	630,802	g,i	Republic of Serbia		6.750		11/01/24		638,056
	180,229	i	Republic of Serbia		6.750		11/01/24		182,302
	525,000	g	Republic of Trinidad & Tobago		4.375		01/16/24		569,625
	1,000,000		Republic of Turkey		7.500		07/14/17		1,137,824
	350,000	g	Romanian Government International Bond		6.750		02/07/22		417,813
	775,000	g	Romanian Government International Bond		4.375		08/22/23		794,220
	515,000	g	Romanian Government International Bond		4.875		01/22/24		547,831
	1,000,000	g	Slovakia Government International Bond		4.375		05/21/22		1,067,000

151

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	635,000	g	Slovenia Government International Bond		5.250	%	02/18/24	$	682,625
	50,676,000		South Africa Government Bond		8.250		09/15/17		4,889,722
	750,000		South Africa Government International Bond		6.875		05/27/19		867,188
	400,000		South Africa Government International Bond		5.875		05/30/22		445,000
	750,000		South Africa Government International Bond		4.665		01/17/24		764,063
	1,125,000		South Africa Government International Bond		5.875		09/16/25		1,250,438
	1,000,000	g	Sri Lanka Government International Bond		6.000		01/14/19		1,052,500
	5,150,000		Turkey Government International Bond		6.750		04/03/18		5,814,350
	2,250,000		Turkey Government International Bond		5.625		03/30/21		2,452,500
	600,000		Turkey Government International Bond		5.750		03/22/24		655,500
	500,000		United Mexican States		5.125		01/15/20		566,500
	882,000		Uruguay Government International Bond		4.500		08/14/24		935,802
			TOTAL FOREIGN GOVERNMENT BONDS						107,791,385
MORTGAGE BACKED - 20.9%
	231,581	i	Federal Home Loan Mortgage Corp (FHLMC)		2.380		02/01/36		247,633
	1,045,751	i	FHLMC		2.435		07/01/36		1,115,634
	290,058	i	FHLMC		2.260		09/01/36		308,783
	164,013	i	FHLMC		2.367		09/01/36		173,716
	54,437	i	FHLMC		2.512		02/01/37		58,300
	317,630	i	FHLMC		2.454		03/01/37		338,596
	26,667	i	FHLMC		6.010		04/01/37		28,614
	6,626	i	FHLMC		1.950		05/01/37		6,641
	628,167	i	FHLMC		2.340		06/01/37		669,325
	205,851	i	FHLMC		2.617		08/01/37		213,783
	198,081		FHLMC		4.000		03/15/44		210,000
	18,839,592		Federal Home Loan Mortgage Corp (FHLMC)		4.000		03/15/40		20,290,334
	12,276		Federal Home Loan Mortgage Corp Gold (FGLMC)		6.500		12/01/16		12,748
	267,522		FGLMC		5.500		01/01/19		286,444
	43,095		FGLMC		4.500		01/01/20		45,708
	292,378		FGLMC		4.500		07/01/20		315,791
	81,324		FGLMC		4.500		09/01/20		86,402
	93,348		FGLMC		5.000		10/01/20		100,832
	60,652		FGLMC		5.500		10/01/20		64,398
	16,831		FGLMC		7.000		10/01/20		18,095
	72,093		FGLMC		4.500		06/01/21		76,609
	130,955		FGLMC		5.500		08/01/21		142,960
	41,592		FGLMC		5.000		04/01/23		44,943
	51,182		FGLMC		4.500		09/01/24		55,130
	33,938		FGLMC		6.500		01/01/29		38,243
	2,453		FGLMC		8.000		01/01/31		2,811
	517,572		FGLMC		5.500		12/01/33		581,524
	643,713		FGLMC		7.000		12/01/33		746,188
	382,860		FGLMC		5.000		01/01/34		425,221
	206,032		FGLMC		4.500		10/01/34		223,700
	277,996		FGLMC		5.500		03/01/35		312,373
	235,838		FGLMC		7.000		05/01/35		273,109
	40,344		FGLMC		5.000		02/01/36		44,737
	2,694		FGLMC		6.500		05/01/36		3,035
	323,898		FGLMC		5.000		04/01/38		361,983
	325,156		FGLMC		4.500		11/01/40		357,069
	2,217,890		FGLMC		4.000		12/01/40		2,355,592

152

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	373,364		FGLMC		4.500	%	12/01/40	$	409,305
	4,000,000	h	FGLMC		4.500		07/15/44		4,329,131
	3,000,000	h	FGLMC		3.500		08/15/44		3,075,176
	11,000,000	h	FGLMC		4.000		08/15/44		11,620,682
	2,508,360		Federal National Mortgage Association (FNMA)		4.640		11/01/14		2,507,674
	97,185		FNMA		4.960		01/01/15		97,186
	17,953		FNMA		6.500		10/01/16		18,526
	15,157		FNMA		6.500		11/01/16		15,758
	18,429		FNMA		6.500		02/01/18		19,396
	21,688		FNMA		4.500		11/01/20		23,034
	23,286		FNMA		4.500		12/01/20		25,047
	11,451		FNMA		8.000		03/01/23		12,074
	92,193		FNMA		4.000		05/01/24		98,583
	128,988		FNMA		4.500		08/01/24		138,262
	6,842		FNMA		9.000		11/01/25		7,871
	3,858,016		FNMA		3.000		05/01/27		4,013,757
	2,229,890		FNMA		2.500		10/01/27		2,268,081
	3,481,532		FNMA		2.500		06/01/28		3,541,160
	5,958		FNMA		7.500		01/01/29		6,810
	2,000,000	h	FNMA		2.500		07/25/29		2,031,562
	19,000,000	g,h	FNMA		3.000		07/25/29		19,736,250
	2,000,000	h	FNMA		2.500		08/25/29		2,026,875
	2,000,000	h	FNMA		3.500		08/25/29		2,114,375
	218,007		FNMA		7.000		07/01/32		246,914
	118,064		FNMA		4.500		03/25/33		122,376
	1,927,618		FNMA		3.000		10/01/33		1,967,311
	234,140		FNMA		4.500		10/01/33		254,405
	400,777		FNMA		5.000		11/01/33		453,746
	230,255		FNMA		5.000		11/01/33		260,053
	750,848		FNMA		3.500		03/25/34		764,865
	244,913		FNMA		5.500		02/01/35		275,280
	14,197		FNMA		7.500		06/01/35		15,521
	185,410		FNMA		5.500		12/01/35		207,434
	287,453	i	FNMA		2.379		07/01/36		310,894
	336,614	i	FNMA		2.573		09/01/36		360,071
	32,293		FNMA		6.000		09/01/37		36,338
	35,946		FNMA		6.000		09/01/37		40,731
	116,249		FNMA		6.500		09/01/37		131,075
	90,165	i	FNMA		2.400		10/01/37		96,712
	270,977		FNMA		5.500		01/01/38		303,166
	254,011		FNMA		5.500		04/01/38		284,184
	202,157		FNMA		5.500		06/01/38		226,171
	1,642,960		FNMA		5.500		12/01/38		1,868,926
	1,939,574		FNMA		4.000		02/01/39		2,061,314
	481,066		FNMA		5.500		08/01/39		543,348
	75,042		FNMA		5.500		11/01/39		83,956
	3,092,633		FNMA		4.500		10/01/40		3,370,678
	287,734		FNMA		6.000		10/01/40		324,670
	1,067,544		FNMA		3.500		11/01/40		1,100,622
	155,621		FNMA		3.500		02/01/41		160,456
	2,952,792		FNMA		3.500		03/01/41		3,044,283
	319,891		FNMA		3.500		11/01/41		329,802

153

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	272,851	FNMA		3.500	%	11/01/41	$	281,305
	936,588	FNMA		4.000		12/01/41		998,294
	9,978,148	FNMA		3.000		09/01/42		9,868,874
	45,656	FNMA		3.000		10/01/42		45,156
	2,477,320	FNMA		3.000		10/01/42		2,450,190
	44,735	FNMA		3.000		10/01/42		44,245
	118,257	FNMA		3.000		11/01/42		116,962
	65,549	FNMA		3.000		12/01/42		64,831
	7,908	FNMA		3.000		12/01/42		7,822
	457,040	FNMA		3.000		12/01/42		452,726
	8,621,809	FNMA		3.000		01/01/43		8,479,167
	4,091,139	FNMA		3.000		01/01/43		4,046,336
	8,876,121	FNMA		3.000		01/01/43		8,778,916
	391,501	FNMA		3.500		01/01/43		403,631
	11,224,560	FNMA		3.000		02/01/43		11,101,636
	608,906	FNMA		3.000		02/01/43		602,238
	293,718	FNMA		3.000		02/01/43		290,502
	5,196,189	FNMA		3.000		02/01/43		5,139,284
	6,777,338	FNMA		3.000		02/01/43		6,703,117
	123,445	FNMA		3.000		02/01/43		122,093
	1,216,325	FNMA		3.500		02/01/43		1,257,389
	31,376	FNMA		3.000		03/01/43		31,033
	3,460,076	FNMA		3.000		03/01/43		3,430,636
	7,499,972	FNMA		3.000		03/01/43		7,417,837
	53,472	FNMA		3.000		03/01/43		52,886
	3,981,133	FNMA		3.000		03/01/43		3,937,534
	28,558	FNMA		3.000		03/01/43		28,245
	151,184	FNMA		3.000		03/01/43		149,528
	2,012,333	FNMA		3.000		03/01/43		1,990,296
	31,116	FNMA		3.000		04/01/43		30,775
	65,635	FNMA		3.000		04/01/43		64,916
	71,046	FNMA		3.000		04/01/43		70,268
	11,045	FNMA		3.000		04/01/43		10,924
	40,900	FNMA		3.000		04/01/43		40,452
	2,120,108	FNMA		3.000		04/01/43		2,096,890
	45,958	FNMA		3.000		04/01/43		45,454
	33,210	FNMA		3.000		04/01/43		32,846
	348,614	FNMA		3.000		04/01/43		344,796
	14,938	FNMA		3.000		04/01/43		14,775
	8,880,359	FNMA		3.000		05/01/43		8,783,108
	4,416,586	FNMA		3.000		05/01/43		4,368,218
	1,850,411	FNMA		3.000		05/01/43		1,834,668
	187,652	FNMA		3.500		05/01/43		193,969
	317,078	FNMA		3.500		05/01/43		327,723
	395,161	FNMA		3.500		06/01/43		408,465
	315,217	FNMA		3.500		06/01/43		325,804
	189,633	FNMA		3.500		06/01/43		196,020
	426,617	FNMA		3.500		06/01/43		440,983
	833,473	FNMA		3.500		06/01/43		861,499
	154,863	FNMA		3.500		06/01/43		160,086
	1,132,903	FNMA		3.500		07/01/43		1,171,032
	536,606	FNMA		3.500		07/01/43		554,694

154

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	6,749,988		FNMA		4.000	%	09/01/43	$	7,189,990
	18,000,000	h	FNMA		3.500		07/25/44		18,528,750
	19,000,000	h	FNMA		4.000		07/25/44		20,163,750
	52,000,000	h	FNMA		4.500		07/25/44		56,314,388
	23,000,000	h	FNMA		3.500		08/25/44		23,603,750
	16,000,000	h	FNMA		5.000		08/25/44		17,720,001
	6,000,000	h	FNMA		5.500		08/25/44		6,705,201
	10,000,000	h	FNMA		3.500		09/25/44		10,231,250
	38,000,000	h	FNMA		4.000		09/25/44		40,082,585
	10,000,000	h	FNMA		5.000		09/25/44		11,046,875
	14,690		Government National Mortgage Association (GNMA)		7.500		11/15/23		16,384
	3,842		GNMA		7.500		08/15/28		3,925
	19,718		GNMA		6.500		12/15/28		22,403
	56,906		GNMA		6.500		03/15/29		64,655
	21,605		GNMA		8.500		10/20/30		25,619
	5,796		GNMA		7.000		06/20/31		6,887
	133,728		GNMA		5.000		02/15/33		147,078
	59,213		GNMA		5.500		07/15/33		66,658
	610,969		GNMA		5.000		09/15/33		676,657
	110,042		GNMA		5.500		11/20/33		123,934
	438,061		GNMA		5.500		02/20/35		491,644
	147,287		GNMA		5.500		03/20/35		165,214
	63,321		GNMA		6.000		10/20/36		71,997
	67,475		GNMA		6.000		01/20/37		76,690
	99,014		GNMA		6.000		02/20/37		112,534
	94,472		GNMA		5.000		04/15/38		103,848
	74,723		GNMA		5.500		07/15/38		83,454
	138,892		GNMA		5.500		07/20/38		155,159
	55,128		GNMA		6.000		08/20/38		62,716
	113,791		GNMA		5.000		07/20/39		126,433
	15,259,800		GNMA		5.000		07/20/39		16,924,019
	302,431		GNMA		5.000		09/20/43		332,912
	293,455		GNMA		5.000		02/20/44		323,351
	256,530		GNMA		5.000		03/20/44		284,305
	4,000,000		GNMA		4.500		06/20/44		4,375,402
	2,000,000	h	GNMA		3.000		07/15/44		2,015,000
	21,000,000	h	GNMA		3.500		07/15/44		21,838,362
	6,000,000	h	GNMA		4.000		07/15/44		6,408,750
	2,000,000	h	GNMA		4.500		07/15/44		2,177,890
	6,000,000	h	GNMA		3.500		07/20/44		6,249,844
	5,000,000	h	GNMA		4.000		07/20/44		5,350,781
	1,000,000	h	GNMA		3.000		08/15/44		1,004,688
	3,000,000	h	GNMA		3.500		08/20/44		3,116,484
	11,000,000	h	GNMA		4.500		08/20/44		11,980,115
			TOTAL MORTGAGE BACKED						505,262,287
MUNICIPAL BONDS - 4.8%
	1,000,000		Anaheim City School District		3.324		08/01/21		1,036,330
	1,000,000		Anaheim City School District		3.825		08/01/23		1,054,340
	3,000,000		Arizona School Facilities Board		0.945		09/01/16		2,991,990
	2,500,000		Arizona School Facilities Board		2.078		09/01/18		2,502,425
	5,000,000		City of New York NY		1.950		03/01/21		4,808,700

155

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	7,500,000		Dallas Independent School District		5.049	%	08/15/33	$	7,958,175
	3,000,000		Denver City & County School District No		4.242		12/15/37		2,945,910
	600,000		Denver Health & Hospital Authority		1.700		12/01/16		598,938
	750,000		Denver Health & Hospital Authority		2.250		12/01/17		751,590
	600,000		Grant County Public Utility District No 2		5.630		01/01/27		704,214
	3,500,000		Harris County Flood Control District		1.229		10/01/17		3,497,760
	250,000		Harris County Flood Control District		1.818		10/01/18		250,950
	1,480,000		Illinois Housing Development Authority		4.105		07/01/27		1,450,015
	1,000,000		Maine Municipal Bond Bank		3.368		06/01/19		1,024,990
	3,000,000		Maine Municipal Bond Bank		3.668		06/01/20		3,101,880
	375,000		Massachusetts Housing Finance Agency		1.306		06/01/16		376,065
	500,000		Massachusetts Housing Finance Agency		1.602		12/01/16		503,035
	400,000		Massachusetts Housing Finance Agency		1.776		06/01/17		401,140
	450,000		Massachusetts Housing Finance Agency		1.876		12/01/17		449,865
	250,000		Massachusetts Housing Finance Agency		2.807		12/01/19		250,490
	2,330,000		Massachusetts Housing Finance Agency		4.786		12/01/32		2,338,668
	3,000,000		New York City Transitional Finance Authority Future Tax Secured Revenue		3.100		02/01/22		3,070,410
	2,655,000		New York City Transitional Finance Authority Future Tax Secured Revenue		5.000		02/01/23		3,042,603
	1,000,000		New York City Transitional Finance Authority Future Tax Secured Revenue		3.780		02/01/26		1,032,300
	5,000,000		New York State Dormitory Authority		4.802		12/01/34		5,429,000
	1,500,000		Oklahoma Water Resources Board		2.794		04/01/21		1,527,900
	2,000,000		San Francisco Bay Area Rapid Transit District		3.477		07/01/27		1,942,240
	5,000,000		State of California		4.988		04/01/39		5,211,550
	775,000		State of California		7.625		03/01/40		1,143,311
	5,180,000		State of Connecticut		5.295		10/01/29		6,084,117
	6,975,000		State of Georgia		4.625		02/01/32		7,343,908
	3,000,000		State of Georgia		4.530		02/01/33		3,142,500
	1,000,000		State of Illinois		4.125		01/01/19		1,045,760
	5,000,000		State of Illinois		3.650		04/01/20		5,068,700
	775,000		State of Illinois		6.725		04/01/35		900,465
	3,000,000		State of Illinois		5.520		04/01/38		3,032,310
	5,000,000		State of Illinois		4.620		06/15/38		5,345,100
	3,000,000		State of Michigan		3.800		05/15/33		2,830,350
	5,000,000		Texas A&M University		4.772		05/15/33		5,293,950
	1,310,000		Trustees of Boston College		3.519		07/01/21		1,355,483
	3,000,000		Trustees of Boston College		3.769		07/01/22		3,127,320
	4,000,000		University of California		4.062		05/15/33		3,934,040
	3,000,000	i	University of California		0.651		07/01/41		3,003,840
	2,740,000		Virginia Housing Development Authority		3.668		10/01/27		2,696,982
			TOTAL MUNICIPAL BONDS						115,601,609
U.S. TREASURY SECURITIES - 8.4%
	8,630,000		United States Treasury Bond		2.875		05/15/43		7,885,662
	9,745,000		United States Treasury Bond		3.625		02/15/44		10,284,015
	1,895,000		United States Treasury Note		0.250		09/30/14		1,895,889
	1,500,000		United States Treasury Note		0.250		10/31/14		1,500,762
	2,886,000		United States Treasury Note		0.250		11/30/14		2,887,916
	2,745,000		United States Treasury Note		0.250		02/28/15		2,747,896
	2,887,000		United States Treasury Note		2.500		04/30/15		2,944,627

156

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	5,230,000		United States Treasury Note		0.500	%	06/15/16	$	5,236,538
	6,640,000		United States Treasury Note		0.875		09/15/16		6,688,246
	5,585,000		United States Treasury Note		0.625		02/15/17		5,571,038
	20,120,000		United States Treasury Note		0.875		06/15/17		20,127,867
	530,000		United States Treasury Note		1.750		10/31/18		537,536
	29,560,000		United States Treasury Note		1.625		06/30/19		29,560,000
	205,000		United States Treasury Note		1.250		10/31/19		200,227
	5,000,000		United States Treasury Note		1.375		01/31/20		4,889,060
	5,000,000		United States Treasury Note		1.125		04/30/20		4,797,655
	7,500,000		United States Treasury Note		1.375		05/31/20		7,290,818
	19,485,000		United States Treasury Note		2.000		07/31/20		19,590,044
	7,500,000		United States Treasury Note		2.125		08/31/20		7,577,340
	10,000,000		United States Treasury Note		1.750		10/31/20		9,858,590
	280,000		United States Treasury Note		2.625		11/15/20		290,850
	10,000,000		United States Treasury Note		2.375		12/31/20		10,215,620
	4,400,000		United States Treasury Note		2.000		02/28/21		4,382,127
	24,000,000		United States Treasury Note		8.000		11/15/21		33,613,128
	3,530,000		United States Treasury Note		2.500		05/15/24		3,525,037
			TOTAL U.S. TREASURY SECURITIES						204,098,488
			TOTAL GOVERNMENT BONDS						943,917,929
			(Cost $928,015,656)
STRUCTURED ASSETS - 9.2%
ASSET BACKED - 4.9%
	457,027	i	Accredited Mortgage Loan Trust		4.330		06/25/33		408,204
			Series - 2003 1 (Class A1)
	5,000,000		AmeriCredit Automobile Receivables Trust		0.540		10/10/17		5,000,175
			Series - 2014 2 (Class A2A)
	3,867,528	i	Asset Backed Securities Corp Home Equity Loan Trust		0.857		04/25/35		3,806,197
			Series - 2005 HE3 (Class M3)
	2,000,000	g	Avis Budget Rental Car Funding AESOP LLC		4.720		02/20/18		2,142,216
			Series - 2011 5A (Class B)
	2,577,508	i	Bear Stearns Asset Backed Securities Trust		0.592		03/25/35		2,551,653
			Series - 2005 AQ1 (Class M1)
	3,266,302	i	Bear Stearns Asset Backed Securities Trust		0.550		02/25/36		3,109,095
			Series - 2006 EC2 (Class M1)
	432,550	i	Bear Stearns Asset Backed Securities Trust		0.892		11/25/39		426,219
			Series - 2005 SD3 (Class 2A1)
	1,749,187	g,m	Capital Automotive REIT		4.700		07/15/42		1,804,396
			Series - 2012 1A (Class A)
	3,126,795	i,m	CCR, Inc		0.599		07/10/17		3,058,943
			Series - 2010 CX (Class C)
	1,000,000	g	CCR, Inc		4.750		07/10/22		988,213
			Series - 2012 CA (Class C)
	385,693		Centex Home Equity		5.540		01/25/32		385,260
			Series - 2002 A (Class AF6)
	1,855,032	i	Conseco Financial Corp		7.300		06/15/25		1,912,173
			Series - 1995 4 (Class B1)
	900,174	i	Conseco Financial Corp		7.600		04/15/26		773,296
			Series - 1996 2 (Class M1)

157

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,032,881	i	Countrywide Asset-Backed Certificates		5.216	%	10/25/17	$	1,032,589
			Series - 2002 S4 (Class A5)
	4,098,773	i	Countrywide Asset-Backed Certificates		0.420		12/25/34		3,846,936
			Series - 2004 6 (Class 1A1)
	2,742,860	i	Countrywide Asset-Backed Certificates		0.620		02/25/36		2,724,782
			Series - 2005 11 (Class MV1)
	18,145	g,i	Credit-Based Asset Servicing and Securitization LLC		6.159		12/25/36		18,212
			Series - 2007 MX1 (Class A1)
	2,825,687	g,i	CV Mortgage Loan Trust 2013-		4.311		12/25/43		2,864,529
			Series - 2013 1 (Class NOTE)
	1,025,000	g,i	DB/UBS Mortgage Trust		5.730		11/10/46		1,170,682
			Series - 2011 LC1A (Class C)
	4,088,259	i	FBR Securitization Trust		0.892		11/25/35		4,067,286
			Series - 2005 5 (Class AV24)
	2,606,873	i	First Frankin Mortgage Loan Trust		0.392		01/25/36		2,572,006
			Series - 2006 FF1 (Class 2A3)
	823,857	i	First Franklin Mortgage Loan Asset Backed Certificates		0.812		03/25/35		822,884
			Series - 2005 FF2 (Class M2)
	1,087,528	i	First Franklin Mortgage Loan Trust		0.887		12/25/34		1,026,079
			Series - 2005 FF1 (Class M1)
	3,801,065	i	First Franklin Mortgage Loan Trust		0.350		02/25/36		3,514,123
			Series - 2006 FF2 (Class A4)
	238,221	g,i	Flagstar Home Equity Loan Trust		5.781		01/25/35		237,700
			Series - 2007 1A (Class AF3)
	1,300,483	g,i	GMAC Mortgage Corp Loan Trust		0.902		02/25/31		1,242,889
			Series - 2004 VF1 (Class A1)
	310,227	i	Greenpoint Mortgage Funding Trust		0.872		07/25/30		308,833
			Series - 2005 HE4 (Class 2A4C)
	65	i	Greenpoint Mortgage Funding Trust		0.282		04/25/47		65
			Series - 2007 AR2 (Class 1A1)
	10,000,000	g	HLSS Servicer Advance Receivables Backed Notes		1.244		01/17/45		10,008,000
			Series - 2014 T1 (Class AT1)
	2,800,000	g	HLSS Servicer Advance Receivables Backed Notes		2.286		01/17/45		2,801,400
			Series - 2014 T1 (Class DT1)
	294,262	i	HSI Asset Securitization Corp Trust		0.512		07/25/35		293,374
			Series - 2005 NC1 (Class 2A3)
	5,635,135	i	Lehman XS Trust		0.432		08/25/35		5,489,410
			Series - 2005 2 (Class 1A1)
	3,855,940	i	Lehman XS Trust		5.420		01/25/36		3,421,059
			Series - 2005 10 (Class 2A3A)
	901,097	i	Lehman XS Trust		0.402		02/25/36		817,276
			Series - 2006 1 (Class 1A1)
	1,023,148		Lehman XS Trust		6.500		06/25/46		803,733
			Series - 2006 13 (Class 2A1)
	1,000,000	g,i	Longpoint Re Ltd		3.980		05/18/16		1,008,700
			Series - 2013 144A (Class )
	1,248,963	i	Morgan Stanley Capital I		0.332		02/25/36		1,238,538
			Series - 2006 NC2 (Class A2C)
	10,000,000	g	New Residential Advance Receivables Trust Advance Receivables Backed		1.274		03/15/45		10,011,000
			Series - 2014 T1 (Class A1)

158

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,750,000	g	New Residential Advance Receivables Trust Advance Receivables Backed		2.266	%	03/15/45	$	1,750,875
			Series - 2014 T1 (Class D1)
	1,300,000	g,m	New Residential Advance Receivables Trust Advance Receivables Backed 2014-T1		3.649		03/15/45		1,300,702
			Series - 2014 T1 (Class E1)
	1,637,997		Oakwood Mortgage Investors, Inc		5.410		11/15/32		1,641,006
			Series - 2002 C (Class A1)
	4,421,000	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		0.672		01/25/36		4,391,583
			Series - 2005 WCH1 (Class M2)
	1,136,702	i	Renaissance Home Equity Loan Trust		5.392		07/25/34		1,156,054
			Series - 2004 2 (Class AF4)
	2,000,000	g	Rental Car Finance Corp		4.380		02/25/16		2,030,192
			Series - 2011 1A (Class B1)
	165,636	i	Residential Asset Mortgage Products, Inc		5.470		09/25/33		171,260
			Series - 2003 RZ5 (Class A7)
	91,448	i	Residential Asset Securities Corp		6.489		10/25/30		91,547
			Series - 2001 KS2 (Class AI6)
	65,774	i	Residential Asset Securities Corp		0.797		04/25/35		65,761
			Series - 2005 KS3 (Class M3)
	226,665		Residential Funding Mortgage Securities II, Inc		5.500		08/25/25		229,419
			Series - 2006 HI5 (Class A3)
	1,850,000	i	Residential Funding Mortgage Securities II, Inc		6.130		09/25/35		1,779,080
			Series - 2005 HI3 (Class M5)
	94,189		Residential Funding Mortgage Securities II, Inc		5.960		02/25/36		94,286
			Series - 2006 HI3 (Class A3)
	394,862	i	Residential Funding Mortgage Securities II, Inc		6.010		02/25/36		400,006
			Series - 2006 HI1 (Class M1)
	3,500,000	i	Residential Funding Mortgage Securities II, Inc		6.060		02/25/36		3,710,557
			Series - 2006 HI1 (Class M2)
	131,989	i	SACO I, Inc		0.712		11/25/35		131,455
			Series - 2005 8 (Class A1)
	330,585	i	SACO I, Inc		0.912		11/25/35		329,408
			Series - 2005 8 (Class A3)
	1,000,000	g,i	Sanders Re Ltd		4.020		05/05/17		990,600
			Series - 2013 144A (Class )
	455,012	i	Saxon Asset Securities Trust		6.120		11/25/30		485,190
			Series - 2002 2 (Class AF6)
	578,986	i	Securitized Asset Backed Receivables LLC		0.452		10/25/35		567,750
			Series - 2006 OP1 (Class A2C)
	256,635	g	Sierra Receivables Funding Co LLC		3.420		03/20/29		262,633
			Series - 2012 2A (Class B)
	1,400,000	g	SLM Student Loan Trust		4.370		04/17/28		1,499,883
			Series - 2011 A (Class A2)
	590,000	g	SLM Student Loan Trust		3.740		02/15/29		623,365
			Series - 2011 B (Class A2)
	1,500,000	g	SLM Student Loan Trust		3.830		01/17/45		1,579,965
			Series - 2012 A (Class A2)
	650,486	i	Soundview Home Equity Loan Trust		0.452		11/25/35		643,576
			Series - 2005 OPT3 (Class A4)
	182,419	i	Structured Asset Investment Loan Trust		0.752		05/25/35		182,374
			Series - 2005 4 (Class M1)

159

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	4,193,846	g,i	Structured Asset Securities Corp		0.302	%	07/25/36	$	4,078,209
			Series - 2006 EQ1A (Class A4)
	2,375,666	g,i	Structured Asset Securities Corp		0.372		10/25/36		2,303,225
			Series - 2006 GEL4 (Class A2)
	3,314,896	i	Structured Asset Securities Corp Mortgage Loan Trust		0.312		03/25/36		3,161,678
			Series - 2006 BC1 (Class A5)
	4,000,000	g,i	Vitality Re IV Ltd		2.770		01/09/17		4,089,600
			Series - 2013 IV B (Class )
	455,000	g	Vornado DP LLC		5.280		09/13/28		509,919
			Series - 2010 VNO (Class C)
	510,250	g,m	Wachovia Amortization Controlled Heloc NIM		5.683		08/12/47		514,587
			Series - 2006 N1 (Class N1)
	117,442	g,i	Wachovia Loan Trust		0.512		05/25/35		111,080
			Series - 2005 SD1 (Class A)
	51,946	i	Wells Fargo Home Equity Trust		0.292		07/25/36		51,536
			Series - 2006 2 (Class A3)
			TOTAL ASSET BACKED						128,636,486
OTHER MORTGAGE BACKED - 4.3%
	1,545,064	g	7 WTC Depositor LLC Trust		4.082		03/13/31		1,611,372
			Series - 2012 7WTC (Class A)
	5,639,766	i	American Home Mortgage Investment Trust 2004-3		1.837		10/25/34		5,606,531
			Series - 2004 3 (Class 4A)
	1,000,000	i	Banc of America Commercial Mortgage Trust 2006-2		5.954		05/10/45		992,036
			Series - 2006 2 (Class C)
	2,174,077	g,i	Banc of America Large Loan, Inc		6.136		02/15/51		2,407,403
			Series - 2010 UB3 (Class A4B3)
	3,000,000	i	Banc of America Merrill Lynch Commercial Mortgage, Inc		5.118		07/10/45		3,043,947
			Series - 2005 4 (Class B)
	1,235,000		Bear Stearns Commercial Mortgage Securities		5.363		02/11/44		1,301,254
			Series - 2007 PW15 (Class AM)
	650,686		Citicorp Mortgage Securities, Inc		5.500		07/25/35		634,511
			Series - 2005 4 (Class 1A7)
	350,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		385,844
			Series - 2007 C3 (Class AM)
	6,500,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		6,682,553
			Series - 2007 C3 (Class AJ)
	215,073		Countrywide Alternative Loan Trust		5.500		08/25/16		221,786
			Series - 2004 30CB (Class 1A15)
	2,302,411		Countrywide Alternative Loan Trust		5.000		04/25/20		2,322,850
			Series - 2005 6CB (Class 2A1)
	711,184	i	Countrywide Alternative Loan Trust		0.383		07/20/35		615,269
			Series - 2005 24 (Class 4A1)
	1,703,494	i	Countrywide Home Loan Mortgage Pass Through Trust		2.524		11/20/34		1,638,056
			Series - 2004 HYB6 (Class A2)
	264,221		Countrywide Home Loan Mortgage Pass Through Trust		5.250		09/25/35		257,717
			Series - 2005 17 (Class 1A10)
	1,150,000		Credit Suisse First Boston Mortgage Securities Corp		4.771		07/15/37		1,179,997
			Series - 2005 C3 (Class AJ)
	725,000	g	Credit Suisse Mortgage Capital Certificates		5.626		05/15/23		810,973
			Series - 2006 OMA (Class D)

160

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	115,000		Credit Suisse Mortgage Capital Certificates		5.509	%	09/15/39	$	123,699
			Series - 2006 C4 (Class AM)
	1,870,000	g	Credit Suisse Mortgage Capital Certificates		5.383		02/15/40		1,948,308
			Series - 2009 RR1 (Class A3C)
	4,134,777	i	GSR Mortgage Loan Trust		0.342		08/25/46		4,042,865
			Series - 2006 OA1 (Class 2A1)
	1,716,416		GSR Mortgage Loan Trust 2005-1F		6.000		01/25/35		1,748,684
			Series - 2005 1F (Class 3A3)
	3,517,409	i	Harborview Mortgage Loan Trust		0.375		05/19/35		3,101,000
			Series - 2005 2 (Class 2A1A)
	4,076,834	i	Harborview Mortgage Loan Trust		0.485		09/19/35		3,121,770
			Series - 2005 8 (Class 1A2A)
	1,487,611	i	HarborView Mortgage Loan Trust		0.375		07/19/47		1,297,872
			Series - 2007 4 (Class 2A1)
	477,361	i	Impac CMB Trust		0.812		03/25/35		439,889
			Series - 2004 11 (Class 2A1)
	3,025,071	i	Impac CMB Trust		0.402		05/25/35		2,679,085
			Series - 0 4 (Class 1A1B)
	310,000	g,i	JP Morgan Chase Commercial Mortgage Securities Corp		5.439		07/15/46		345,613
			Series - 2011 C4 (Class C)
	4,520,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		4.911		07/15/42		4,574,425
			Series - 2005 LDP2 (Class C)
	3,400,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		6.192		02/15/51		3,814,270
			Series - 2007 LD12 (Class AM)
	2,262,161	i	JP Morgan Mortgage Trust		2.547		11/25/33		2,261,326
			Series - 2006 A2 (Class 5A3)
	1,080,000	i	LB-UBS Commercial Mortgage Trust		5.057		09/15/40		1,122,220
			Series - 2005 C5 (Class AJ)
	1,850,682		Lehman Mortgage Trust		5.500		11/25/35		1,757,071
			Series - 2005 1 (Class 2A4)
	1,632,040	i	Merrill Lynch Mortgage Investors, Inc		2.518		12/25/35		1,627,397
			Series - 2005 A9 (Class 2A1B)
	75,000	i	Merrill Lynch Mortgage Trust		6.470		02/12/51		83,524
			Series - 0 C1 (Class AJA)
	4,000,000	g,i	Morgan Stanley Capital I		5.984		08/12/41		4,279,040
			Series - 2006 T23 (Class B)
	1,040,000	i	Morgan Stanley Capital I		5.832		07/12/44		1,095,256
			Series - 2006 HQ9 (Class B)
	1,830,000	i	Morgan Stanley Capital I		5.842		07/12/44		1,900,887
			Series - 2006 HQ9 (Class C)
	82,000	g,i	Morgan Stanley Capital I		5.419		09/15/47		88,441
			Series - 2011 C1 (Class D)
	82,264	i	Opteum Mortgage Acceptance Corp		0.552		02/25/35		82,255
			Series - 2005 1 (Class A4)
	2,394,788		RALI Trust		4.250		12/26/33		2,479,197
			Series - 2003 QS22 (Class A5)
	457,474	i	RALI Trust		0.452		01/25/35		443,424
			Series - 2005 QA1 (Class A1)
	568,575		Residential Accredit Loans, Inc		4.350		03/25/34		585,573
			Series - 2004 QS4 (Class A1)
	566,194		RFMSI Trust		5.500		03/25/35		579,240
			Series - 2005 S2 (Class A6)

161

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	795,049	g,i	Springleaf Mortgage Loan Trust		2.667	%	09/25/57	$	809,723
			Series - 2012 1A (Class A)
	364,828	g,i	Springleaf Mortgage Loan Trust		2.220		10/25/57		369,471
			Series - 0 2A (Class A)
	2,331,504	i	Structured Adjustable Rate Mortgage Loan Trust		0.492		08/25/35		2,229,891
			Series - 2005 16XS (Class A1)
	6,650,000	i	Wachovia Bank Commercial Mortgage Trust		6.163		05/15/46		6,993,526
			Series - 2007 C34 (Class AJ)
	1,095,000	i	Wachovia Bank Commercial Mortgage Trust		5.591		04/15/47		1,199,425
			Series - 2007 C31 (Class AM)
	4,875,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		4,991,469
			Series - 2007 C32 (Class AJ)
	9,000,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		7,562,565
			Series - 2007 C32 (Class B)
	3,573,930	i	WaMu Mortgage Pass-Through Certificates		0.422		07/25/45		3,363,569
			Series - 0 AR8 (Class 1A1A)
	1,338,606	i	WaMu Mortgage Pass-Through Certificates		0.502		12/25/45		1,238,364
			Series - 2005 AR19 (Class A1B3)
			TOTAL OTHER MORTGAGE BACKED						104,092,433
			TOTAL STRUCTURED ASSETS						232,728,919
			(Cost $227,195,900)
			TOTAL BONDS						2,144,767,183
			(Cost $2,092,145,340)
SHORT-TERM INVESTMENTS - 17.7%
GOVERNMENT AGENCY DEBT - 2.2%
	20,000,000	d	Federal Home Loan Bank (FHLB)		0.055		08/06/14		19,998,900
	10,000,000		FHLB		0.085		11/12/14		9,997,770
	12,300,000	d	FHLB		0.088		08/29/14		12,298,226
	10,864,000		Federal Home Loan Mortgage Corp (FHLMC)		0.089		08/25/14		10,862,523
			TOTAL GOVERNMENT AGENCY DEBT						53,157,419
TREASURY DEBT - 15.5%
	9,000,000		United States Treasury Bill		0.061		07/10/14		8,999,864
	31,200,000	d	United States Treasury Bill		0.108		07/24/14		31,198,502
	7,800,000	d	United States Treasury Bill		0.050		08/14/14		7,799,523
	60,800,000	d	United States Treasury Bill		0.106		08/21/14		60,791,618
	13,000,000		United States Treasury Bill		0.080		09/04/14		12,999,584
	22,300,000	d	United States Treasury Bill		0.096		09/18/14		22,299,019
	3,300,000		United States Treasury Bill		0.073		11/13/14		3,299,380
	11,500,000	d	United States Treasury Bill		0.046		11/20/14		11,497,734
	10,000,000		United States Treasury Bill		0.033		12/18/14		9,997,640
	91,000,000	d	United States Treasury Bill		0.098		02/05/15		90,970,971
	25,700,000	d	United States Treasury Bill		0.093		03/05/15		25,689,848
	6,000,000		United States Treasury Bill		0.097		04/02/15		5,997,252
	40,100,000	d	United States Treasury Bill		0.100		04/30/15		40,077,223
	20,400,000	d	United States Treasury Bill		0.095		05/28/15		20,382,660
	22,000,000		United States Treasury Bill		0.096		06/25/15		21,976,966
			TOTAL TREASURY DEBT						373,977,784

162

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL	ISSUER	VALUE
	TOTAL SHORT-TERM INVESTMENTS	$	427,135,203
	(Cost $427,105,262)
	TOTAL INVESTMENTS - 110.6%		2,678,260,488
	(Cost $2,625,266,016)
	OTHER ASSETS & LIABILITIES, NET - (10.6)%		(256,453,520	)
	NET ASSETS - 100.0%	$	2,421,806,968

	Abbreviation(s):
REIT	Real Estate Investment Trust

d	All or a portion of these securities have been segregated by the custodian to cover collateral requirements on mortgage dollar rolls.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 6/30/2014, the aggregate value of these securities was $400,048,314 or 16.5% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
m	Indicates a security that has been deemed illiquid.
n	In default.
o	Payment in Kind Bond.

163

TIAA-CREF FUNDS - High-Yield Fund

TIAA-CREF FUNDS

HIGH-YIELD FUND

SCHEDULE OF INVESTMENTS (unaudited)

June 30, 2014

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
BANK LOAN OBLIGATIONS - 19.0%
AUTOMOBILES & COMPONENTS - 0.7%
$	11,492,179	i	Allison Transmission, Inc		3.750	%	08/23/19	$	11,512,290
	8,754,128	i	Chrysler Group LLC		3.500		05/24/17		8,780,128
			TOTAL AUTOMOBILES & COMPONENTS						20,292,418
CAPITAL GOODS - 1.6%
	11,004,719	i	FMG Resources August 2006 Pty Ltd		3.750		06/28/19		11,008,901
	20,000,000	i	Gates Global LLC		4.250		06/12/21		19,928,200
	7,717,538	i	Generac Power Systems, Inc		3.250		05/31/20		7,655,797
	12,000,000	h,i	TransDigm, Inc		3.750		02/28/20		11,955,000
			TOTAL CAPITAL GOODS						50,547,898
COMMERCIAL & PROFESSIONAL SERVICES - 1.9%
	15,685,688	i	Capital Safety North America		4.000		03/29/21		15,581,064
	9,500,000	i	Capital Safety North America		6.500		03/26/22		9,527,740
	14,737,500	i	Pilot Corp		4.250		08/07/19		14,774,344
	9,950,000	i	Pitney Bowes Management		7.500		10/01/19		10,049,500
	8,737,500	i	Time, Inc		4.250		04/26/21		8,775,770
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						58,708,418
CONSUMER DURABLES & APPAREL - 1.3%
	12,650,000	i	Libbey Glass, Inc		3.750		04/09/21		12,634,188
	16,000,000	i	Otter Products LLC		5.750		05/30/20		15,850,080
	12,289,662	i	PVH Corp		3.250		02/13/20		12,366,472
			TOTAL CONSUMER DURABLES & APPAREL						40,850,740
CONSUMER SERVICES - 2.6%
	8,129,333	i	Boyd Gaming Corp		4.000		08/14/20		8,147,624
	2,199,179	i	Burger King Corp		3.750		09/28/19		2,206,502
	3,818,912	i	CityCenter Holdings LLC		5.000		10/16/20		3,841,940
	8,763,158	i	Hilton Worldwide		3.500		10/26/20		8,744,931
	5,583,857	i	La Quinta Intermediate Holdings LLC		4.000		04/14/21		5,587,375
	12,437,500	i	Marina District Finance Co, Inc		6.750		08/15/18		12,573,442
	5,319,000	i	MGM Resorts International		3.500		12/20/19		5,300,703
	11,372,159	i	Peninsula Gaming LLC		4.250		11/20/17		11,389,104
	19,877,613	i	Spin Holdco, Inc		4.250		11/14/19		19,881,190
			TOTAL CONSUMER SERVICES						77,672,811
DIVERSIFIED FINANCIALS - 0.7%
	20,249,250	i	TransUnion LLC		4.000		04/09/21		20,241,960
			TOTAL DIVERSIFIED FINANCIALS						20,241,960

164

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
ENERGY - 0.5%
$	16,660,353	i	Arch Coal, Inc		6.250	%	05/16/18	$	16,358,467
			TOTAL ENERGY						16,358,467
FOOD & STAPLES RETAILING - 0.4%
	2,000,000	i	Rite Aid Corp		5.750		08/21/20		2,041,880
	11,000,000	i	Rite Aid Corp		4.875		06/21/21		11,120,340
			TOTAL FOOD & STAPLES RETAILING						13,162,220
HEALTH CARE EQUIPMENT & SERVICES - 1.7%
	11,571,000	i	Accellent, Inc		4.500		03/12/21		11,520,435
	6,199,770	i	Biomet, Inc		3.661		07/25/17		6,204,544
	11,062,417	i	Capsugel Holdings US, Inc		3.500		08/01/18		11,036,310
	2,363,125	i	CHS/Community Health Systems		4.250		01/27/21		2,375,744
	6,800,000	i	DaVita HealthCare Partners, Inc		3.500		06/24/21		6,827,812
	9,452,381	i	HCA, Inc		2.984		05/01/18		9,462,684
	3,970,009	i	Kinetic Concepts, Inc		4.000		05/04/18		3,970,009
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						51,397,538
INSURANCE - 0.4%
	13,889,293	i	Compass Investors, Inc		4.250		12/27/19		13,898,043
			TOTAL INSURANCE						13,898,043
MATERIALS - 1.0%
	7,500,000	i	Minerals Technologies, Inc		4.000		05/07/21		7,528,125
	14,000,000	i	Signode Industrial Group US, Inc		4.000		05/01/21		13,951,840
	8,672,667	i	Tronox Pigments BV		4.000		03/19/20		8,685,676
			TOTAL MATERIALS						30,165,641
MEDIA - 0.8%
	12,853,219	i	CSC Holdings LLC		2.650		04/17/20		12,699,881
	5,178,859	i	MTL Publishing LLC		3.750		06/29/18		5,168,501
	4,858,949	i	Univision Communications, Inc		4.000		03/02/20		4,852,341
			TOTAL MEDIA						22,720,723
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	596,124	i	NBTY, Inc		3.500		10/01/17		596,124
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						596,124
RETAILING - 0.6%
	13,730,314	i	Academy Ltd		4.500		08/03/18		13,766,562
	7,000,000	h,i	Stater Bros Markets		4.750		05/12/21		7,035,000
			TOTAL RETAILING						20,801,562
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.5%
	16,650,000	i	Avago Technologies Ltd		3.750		05/06/21		16,696,121
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						16,696,121
SOFTWARE & SERVICES - 1.6%
	5,000,000	i	Activision Blizzard, Inc		3.250		10/11/20		5,008,500
	16,800,000	i	Asurion LLC		8.500		03/03/21		17,413,200
	374,310	i	IMS Health, Inc		3.500		03/17/21		371,970
	4,479,906	i	Infor US, Inc		3.750		06/03/20		4,447,248

165

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	12,000,000	i	Mitchell International, Inc		8.500	%	10/11/21	$	12,230,040
	6,009,277	i	P2 Lower Acquisition LLC		5.500		10/22/20		6,016,788
	3,150,000	i	P2 Lower Acquisition LLC		9.500		10/22/21		3,150,000
			TOTAL SOFTWARE & SERVICES						48,637,746
TECHNOLOGY HARDWARE & EQUIPMENT - 1.3%
	9,974,937	i	Dell International LLC		4.500		04/29/20		10,020,323
	9,974,937	i	NXP BV		3.250		01/10/20		9,908,405
	19,900,000	i	Scientific Games International, Inc		4.250		10/18/20		19,672,941
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						39,601,669
TELECOMMUNICATION SERVICES - 0.6%
	6,303,903	i	CommScope Holding Co, Inc		3.250		01/14/18		6,303,903
	9,950,000	i	Internap Network Services Corp		6.000		11/26/19		9,968,706
	2,069,813	i	Presidio, Inc		5.000		03/31/17		2,077,574
			TOTAL TELECOMMUNICATION SERVICES						18,350,183
UTILITIES - 0.8%
	4,421,250	i	Calpine Corp		4.000		10/09/19		4,430,446
	22,000,000	i	Evergreen Skills Lux S.a.r.l.		7.750		04/28/22		21,821,360
			TOTAL UTILITIES						26,251,806
			TOTAL BANK LOAN OBLIGATIONS						586,952,088
			(Cost $585,150,827)
BONDS - 77.9%
CORPORATE BONDS - 77.9%
AUTOMOBILES & COMPONENTS - 1.0%
	8,975,000		Chrysler Group LLC		8.000		06/15/19		9,749,094
	7,600,000		Goodyear Tire & Rubber Co		6.500		03/01/21		8,246,000
	12,275,000	g,o	Schaeffler Holding Finance BV		6.875		08/15/18		12,934,781
			TOTAL AUTOMOBILES & COMPONENTS						30,929,875
BANKS - 2.0%
	7,925,000	g,i	Credit Agricole S.A.		7.875		12/30/49		8,658,062
	3,155,000	g	HBOS plc		6.000		11/01/33		3,510,884
	2,600,000	i	JPMorgan Chase & Co		7.900		12/30/49		2,905,500
	4,750,000	g,i	Lloyds Banking Group plc		6.657		12/30/49		5,320,000
	6,250,000		Royal Bank of Scotland Group plc		6.125		12/15/22		6,835,838
	2,250,000		Royal Bank of Scotland Group plc		6.100		06/10/23		2,462,837
	5,500,000		Royal Bank of Scotland Group plc		6.000		12/19/23		5,946,627
	4,000,000	i	Royal Bank of Scotland Group plc		7.640		12/30/49		4,275,000
	4,000,000	i	Royal Bank of Scotland Group plc		7.648		12/30/49		4,840,000
	18,750,000	g,i	Societe Generale S.A.		6.000		12/30/49		18,468,750
			TOTAL BANKS						63,223,498
CAPITAL GOODS - 1.8%
	2,875,000		Alliant Techsystems, Inc		6.875		09/15/20		3,105,000
	2,300,000		Anixter, Inc		5.625		05/01/19		2,469,625

166

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	5,250,000	g	FMG Resources August 2006 Pty Ltd		8.250	%	11/01/19	$	5,715,937
	1,800,000	g	FMG Resources August 2006 Pty Ltd		6.875		04/01/22		1,930,500
	3,700,000	g	Rexel S.A.		6.125		12/15/19		3,912,750
	9,250,000	g	Rexel S.A.		5.250		06/15/20		9,620,000
	2,625,000	g	Schaeffler Finance BV		7.750		02/15/17		2,959,688
	1,600,000	g	Sealed Air Corp		6.500		12/01/20		1,800,000
	4,158,000	g	Sealed Air Corp		8.375		09/15/21		4,760,910
	2,250,000		SPX Corp		6.875		09/01/17		2,531,250
	14,130,000	g	Stena AB		7.000		02/01/24		15,048,450
			TOTAL CAPITAL GOODS						53,854,110
COMMERCIAL & PROFESSIONAL SERVICES - 3.4%
	13,575,000		ADT Corp		4.125		04/15/19		13,659,844
	3,725,000		ADT Corp		6.250		10/15/21		3,948,500
	8,150,000		Clean Harbors, Inc		5.250		08/01/20		8,404,687
	1,925,000		Clean Harbors, Inc		5.125		06/01/21		1,967,109
	5,000,000	g,o	Neovia Logistics Intermediate Holdings LLC		10.000		02/15/18		5,175,000
	12,825,000		RR Donnelley & Sons Co		7.875		03/15/21		14,748,750
	721,000		RR Donnelley & Sons Co		7.250		05/15/18		834,557
	1,675,000		RR Donnelley & Sons Co		7.000		02/15/22		1,846,688
	8,650,000		RR Donnelley & Sons Co		6.500		11/15/23		9,039,250
	19,200,000	g	SPL Logistics Escrow LLC		8.875		08/01/20		21,504,000
	9,250,000	g	Time, Inc		5.750		04/15/22		9,342,500
	3,000,000		United Rentals North America, Inc		7.375		05/15/20		3,315,000
	4,700,000		United Rentals North America, Inc		8.250		02/01/21		5,228,750
	2,825,000		United Rentals North America, Inc		7.625		04/15/22		3,171,063
	3,334,000		Visant Corp		10.000		10/01/17		3,108,955
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						105,294,653
CONSUMER DURABLES & APPAREL - 2.1%
	4,500,000		Beazer Homes USA, Inc		6.625		04/15/18		4,792,500
	7,700,000		DR Horton, Inc		3.750		03/01/19		7,738,500
	3,525,000		Hanesbrands, Inc		6.375		12/15/20		3,811,406
	4,750,000		KB Home		8.000		03/15/20		5,450,625
	7,000,000		KB Home		4.750		05/15/19		7,052,500
	14,250,000		KB Home		7.000		12/15/21		15,532,500
	9,500,000		Lennar Corp		4.500		06/15/19		9,725,625
	6,150,000		Levi Strauss & Co		6.875		05/01/22		6,780,375
	1,800,000		Standard Pacific Corp		8.375		01/15/21		2,133,000
			TOTAL CONSUMER DURABLES & APPAREL						63,017,031
CONSUMER SERVICES - 2.8%
	6,026,000		Ameristar Casinos, Inc		7.500		04/15/21		6,493,015
	3,375,000		ARAMARK Corp		5.750		03/15/20		3,569,062
	3,727,000		Boyd Gaming Corp		9.000		07/01/20		4,109,017
	7,700,000	g	Ceridian HCM Holding, Inc		11.000		03/15/21		8,893,500
	3,500,000		MGM Resorts International		11.375		03/01/18		4,550,000
	2,000,000		MGM Resorts International		5.250		03/31/20		2,080,000
	4,250,000		MGM Resorts International		6.750		10/01/20		4,744,063
	7,700,000		MGM Resorts International		7.750		03/15/22		9,028,250
	15,050,000	g	Penn National Gaming, Inc		5.875		11/01/21		14,222,250
	9,500,000		Pinnacle Entertainment, Inc		6.375		08/01/21		10,022,500

167

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	14,435,000	g	Six Flags Entertainment Corp		5.250	%	01/15/21	$	14,795,875
	6,900,000		Speedway Motorsports, Inc		6.750		02/01/19		7,314,000
			TOTAL CONSUMER SERVICES						89,821,532
DIVERSIFIED FINANCIALS - 5.2%
	9,000,000		Ally Financial, Inc		4.750		09/10/18		9,551,250
	4,000,000		CIT Group, Inc		5.250		03/15/18		4,295,000
	2,000,000	g	CIT Group, Inc		6.625		04/01/18		2,245,000
	3,000,000	g	CIT Group, Inc		5.500		02/15/19		3,251,250
	5,000,000		CIT Group, Inc		3.875		02/19/19		5,078,000
	9,500,000	g,i	Credit Suisse Group AG.		6.250		12/30/49		9,559,375
	2,000,000		General Motors Acceptance Corp LLC		8.000		11/01/31		2,557,500
	3,000,000		General Motors Financial Co, Inc		4.750		08/15/17		3,191,250
	3,200,000		General Motors Financial Co, Inc		3.250		05/15/18		3,248,000
	7,000,000		GMAC, Inc		8.000		03/15/20		8,505,000
	4,000,000		GMAC, Inc		7.500		09/15/20		4,820,000
	7,000,000		GMAC, Inc		8.000		11/01/31		8,942,500
	7,100,000		Icahn Enterprises LP		4.875		03/15/19		7,313,000
	15,725,000		Icahn Enterprises LP		5.875		02/01/22		16,471,937
	16,068,000	g,i	ILFC E-Capital Trust I		5.020		12/21/65		15,746,640
	2,000,000		International Lease Finance Corp		8.750		03/15/17		2,325,000
	8,000,000		International Lease Finance Corp		6.250		05/15/19		8,960,000
	3,600,000		International Lease Finance Corp		8.250		12/15/20		4,446,000
	2,000,000		International Lease Finance Corp		4.625		04/15/21		2,065,000
	14,325,000		SLM Corp		5.500		01/15/19		15,220,313
	15,350,000		SLM Corp		4.875		06/17/19		15,819,710
	10,000,000		SLM Corp		6.125		03/25/24		10,137,500
			TOTAL DIVERSIFIED FINANCIALS						163,749,225
ENERGY - 12.4%
	2,750,000	g	Alpha Natural Resources, Inc		7.500		08/01/20		2,660,625
	5,000,000		Arch Coal, Inc		7.000		06/15/19		3,787,500
	5,700,000		Atlas Pipeline Partners LP		4.750		11/15/21		5,586,000
	20,960,000	g	Calumet Specialty Products Partners LP		6.500		04/15/21		21,379,200
	9,835,000		Calumet Specialty Products Partners LP		7.625		01/15/22		10,572,625
	3,500,000		Chaparral Energy, Inc		8.250		09/01/21		3,841,250
	7,400,000		Chaparral Energy, Inc		7.625		11/15/22		7,992,000
	5,175,000	i	Chesapeake Energy Corp		3.479		04/15/19		5,233,219
	10,000,000		Chesapeake Energy Corp		5.375		06/15/21		10,650,000
	2,000,000		Chesapeake Midstream Partners LP		6.125		07/15/22		2,210,000
	5,450,000		Concho Resources, Inc		5.500		04/01/23		5,858,750
	1,500,000		Consol Energy Inc		8.250		04/01/20		1,623,750
	4,200,000	g	CONSOL Energy, Inc		5.875		04/15/22		4,399,500
	6,120,000		Crestwood Midstream Partners LP		6.000		12/15/20		6,426,000
	2,000,000	g	Crestwood Midstream Partners LP		6.125		03/01/22		2,105,000
	5,000,000		EP Energy LLC		6.875		05/01/19		5,318,750
	11,000,000		EP Energy LLC		9.375		05/01/20		12,595,000
	6,030,000		EP Energy LLC		7.750		09/01/22		6,798,825
	7,500,000	g	Exterran Partners		6.000		10/01/22		7,612,500
	14,900,000		Exterran Partners LP		6.000		04/01/21		15,049,000
	2,850,000		Halcon Resources Corp		9.750		07/15/20		3,110,062
	13,300,000		Halcon Resources Corp		8.875		05/15/21		14,297,500

168

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	9,600,000		Linn Energy LLC		6.250	%	11/01/19	$	10,056,000
	6,750,000		Linn Energy LLC		6.500		05/15/19		7,121,250
	2,000,000		Linn Energy LLC		7.750		02/01/21		2,157,500
	2,560,000		MarkWest Energy Partners LP		6.750		11/01/20		2,777,600
	2,249,000		MarkWest Energy Partners LP		6.250		06/15/22		2,457,032
	5,000,000		Murphy Oil USA, Inc		6.000		08/15/23		5,262,500
	13,900,000	g	Oasis Petroleum, Inc		6.875		03/15/22		15,151,000
	13,500,000	g	Pacific Rubiales Energy Corp		5.375		01/26/19		14,073,750
	4,750,000		Parker Drilling Co		7.500		08/01/20		5,130,000
	1,900,000	g	Parker Drilling Co		6.750		07/15/22		1,976,000
	4,800,000		Peabody Energy Corp		6.000		11/15/18		5,004,000
	5,500,000		Peabody Energy Corp		6.500		09/15/20		5,541,250
	9,500,000		Peabody Energy Corp		6.250		11/15/21		9,464,375
	3,000,000		Peabody Energy Corp		4.750		12/15/41		2,251,875
	2,665,000		Precision Drilling Corp		6.500		12/15/21		2,898,187
	11,391,000		Precision Drilling Trust		6.625		11/15/20		12,188,370
	1,000,000		Range Resources Corp		6.750		08/01/20		1,075,000
	2,665,000		Range Resources Corp		5.000		08/15/22		2,824,900
	4,000,000		Regency Energy Partners LP		5.750		09/01/20		4,310,000
	5,400,000		Regency Energy Partners LP		6.500		07/15/21		5,886,000
	7,140,000		Regency Energy Partners LP		5.875		03/01/22		7,755,825
	4,685,000	g	Rockies Express Pipeline LLC		6.000		01/15/19		4,907,538
	2,000,000	g	Sanchez Energy Corp		6.125		01/15/23		2,065,000
	2,000,000		SandRidge Energy, Inc		8.750		01/15/20		2,150,000
	18,170,000		SandRidge Energy, Inc		7.500		03/15/21		19,691,738
	7,042,000		SandRidge Energy, Inc		8.125		10/15/22		7,755,003
	8,850,000		SESI LLC		7.125		12/15/21		9,978,375
	4,000,000		SM Energy Co		6.500		11/15/21		4,330,000
	5,795,000		SM Energy Co		6.500		01/01/23		6,273,088
	4,350,000		Tesoro Corp		5.375		10/01/22		4,545,750
	6,985,000	g	Ultra Petroleum Corp		5.750		12/15/18		7,334,250
	25,900,000		Whiting Petroleum Corp		5.000		03/15/19		27,259,750
	4,000,000		WPX Energy, Inc		6.000		01/15/22		4,270,000
			TOTAL ENERGY						385,029,962
FOOD & STAPLES RETAILING - 0.5%
	15,000,000		Ingles Markets, Inc		5.750		06/15/23		15,225,000
			TOTAL FOOD & STAPLES RETAILING						15,225,000
FOOD, BEVERAGE & TOBACCO - 1.5%
	7,150,000	g	Post Holdings, Inc		6.750		12/01/21		7,596,875
	3,150,000	g	Post Holdings, Inc		7.375		02/15/22		3,405,938
	12,185,000		Post Holdings, Inc		7.375		02/15/22		13,175,031
	7,140,000	g	Post Holdings, Inc		6.000		12/15/22		7,282,800
	5,509,000		Smithfield Foods, Inc		6.625		08/15/22		6,032,355
	7,610,000	g	Sun Merger Sub, Inc		5.250		08/01/18		7,952,450
			TOTAL FOOD, BEVERAGE & TOBACCO						45,445,449
HEALTH CARE EQUIPMENT & SERVICES - 7.3%
	2,252,000		Biomet, Inc		6.500		08/01/20		2,426,530
	1,625,000		CHS/Community Health Systems		5.125		08/15/18		1,704,219
	14,950,000		CHS/Community Health Systems		8.000		11/15/19		16,370,250

169

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	45,775,000	g	CHS/Community Health Systems		6.875	%	02/01/22	$	48,521,500
	5,047,000	g	Fresenius Medical Care Capital Trust		5.750		02/15/21		5,513,847
	5,000,000	g	Fresenius Medical Care II		5.625		07/31/19		5,450,000
	575,000		HCA Holdings, Inc		6.250		02/15/21		617,406
	705,000		HCA Holdings, Inc		7.750		05/15/21		772,856
	10,000,000		HCA, Inc		6.500		02/15/20		11,250,000
	13,600,000		HCA, Inc		7.500		02/15/22		15,691,000
	1,800,000		HCA, Inc		5.875		03/15/22		1,950,750
	900,000		HCA, Inc		7.500		11/06/33		956,250
	9,200,000		Kinetic Concepts, Inc		10.500		11/01/18		10,396,000
	8,000,000		Kinetic Concepts, Inc		12.500		11/01/19		9,200,000
	7,295,000		LifePoint Hospitals, Inc		6.625		10/01/20		7,878,600
	3,325,000	g	LifePoint Hospitals, Inc		5.500		12/01/21		3,482,937
	10,863,000		Mallinckrodt International Finance S.A.		3.500		04/15/18		10,808,685
	12,088,000		Mallinckrodt International Finance S.A.		4.750		04/15/23		11,755,580
	13,800,000	g	Tenet Healthcare Corp		5.000		03/01/19		13,989,750
	2,500,000		Tenet Healthcare Corp		6.750		02/01/20		2,715,625
	4,450,000		Tenet Healthcare Corp		6.000		10/01/20		4,828,250
	4,225,000		Tenet Healthcare Corp		4.375		10/01/21		4,198,594
	22,400,000		Tenet Healthcare Corp		8.125		04/01/22		25,928,000
	1,750,000		Tenet Healthcare Corp		6.875		11/15/31		1,693,125
	7,375,000	g	Valeant Pharmaceuticals International, Inc		7.500		07/15/21		8,167,813
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						226,267,567
HOUSEHOLD & PERSONAL PRODUCTS - 0.7%
	4,800,000	g	First Quality Finance Co, Inc		4.625		05/15/21		4,536,000
	17,125,000		Reynolds Group Issuer, Inc		5.750		10/15/20		18,066,875
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						22,602,875
INSURANCE - 0.8%
	11,200,000	g	Fidelity & Guaranty Life Holdings, Inc		6.375		04/01/21		12,012,000
	11,250,000	g	Onex USI Aquisition Corp		7.750		01/15/21		11,559,375
			TOTAL INSURANCE						23,571,375
MATERIALS - 5.0%
	4,750,000		ArcelorMittal		5.750		08/05/20		5,106,250
	4,750,000		ArcelorMittal		6.000		03/01/21		5,141,875
	4,750,000		ArcelorMittal		6.750		02/25/22		5,320,000
	3,700,000		ArcelorMittal		7.500		10/15/39		4,070,000
	5,700,000		ArcelorMittal		7.250		03/01/41		6,056,250
	3,700,000	g	Belden, Inc		5.500		09/01/22		3,829,500
	12,100,000	g	Cascades, Inc		5.500		07/15/22		12,069,750
	3,750,000	g	Cemex Finance LLC		6.000		04/01/24		3,904,688
	2,000,000		Crown Americas LLC		6.250		02/01/21		2,140,000
	14,400,000	g	Eldorado Gold Corp		6.125		12/15/20		14,544,000
	8,825,000		Fibria Overseas Finance Ltd		5.250		05/12/24		8,780,875
	600,000		Greif, Inc		7.750		08/01/19		690,000
	7,200,000		Hexion US Finance Corp		8.875		02/01/18		7,488,000
	18,710,000		Hexion US Finance Corp		6.625		04/15/20		19,832,600
	11,700,000		Hexion US Finance Corp		9.000		11/15/20		11,934,000
	3,890,000	g	INEOS Group Holdings S.A.		5.875		02/15/19		3,987,250
	2,500,000		Lafarge S.A.		7.125		07/15/36		2,900,000

170

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	10,500,000		Rosetta Resources, Inc		5.625	%	05/01/21	$	10,801,875
	5,350,000		Rosetta Resources, Inc		5.875		06/01/24		5,564,000
	2,778,000	g	Sappi Papier Holding AG.		6.625		04/15/21		2,930,790
	2,000,000	g	Sappi Papier Holding GmbH		7.750		07/15/17		2,225,000
	5,800,000	g	Sappi Papier Holding GmbH		8.375		06/15/19		6,394,500
	800,000		Steel Dynamics, Inc		6.125		08/15/19		870,000
	650,000		Steel Dynamics, Inc		6.375		08/15/22		706,875
	6,940,000		Tronox Finance LLC		6.375		08/15/20		7,165,550
			TOTAL MATERIALS						154,453,628
MEDIA - 6.0%
	1,825,000		AMC Entertainment Holdings, Inc		9.750		12/01/20		2,080,500
	15,000,000		AMC Entertainment, Inc		5.875		02/15/22		15,600,000
	12,345,000		Cablevision Systems Corp		5.875		09/15/22		12,576,469
	2,000,000	g	CBS Outdoor Americas Capital LLC		5.250		02/15/22		2,055,000
	4,175,000		CCO Holdings LLC		6.500		04/30/21		4,446,375
	1,960,000		CCO Holdings LLC		6.625		01/31/22		2,107,000
	5,950,000		CCO Holdings LLC		5.125		02/15/23		6,002,062
	1,000,000		Cinemark USA, Inc		7.375		06/15/21		1,102,500
	940,000		Clear Channel Worldwide Holdings, Inc		7.625		03/15/20		1,005,800
	13,110,000		Clear Channel Worldwide Holdings, Inc		7.625		03/15/20		14,142,412
	2,010,000		Clear Channel Worldwide Holdings, Inc		6.500		11/15/22		2,145,675
	3,705,000		DISH DBS Corp		4.625		07/15/17		3,931,932
	13,900,000		DISH DBS Corp		4.250		04/01/18		14,456,000
	8,000,000		DISH DBS Corp		6.750		06/01/21		9,120,000
	2,000,000		DISH DBS Corp		5.875		07/15/22		2,170,000
	2,000,000		DISH DBS Corp		5.000		03/15/23		2,037,500
	4,275,000		Lamar Media Corp		5.875		02/01/22		4,579,594
	8,000,000		Nielsen Finance LLC		4.500		10/01/20		8,060,000
	3,450,000	g,h	Nielsen Finance LLC		5.000		04/15/22		3,475,875
	4,400,000		Regal Entertainment Group		5.750		03/15/22		4,565,000
	5,650,000		Regal Entertainment Group		5.750		06/15/23		5,805,375
	11,400,000	g	Sirius XM Radio, Inc		5.875		10/01/20		12,055,500
	10,400,000	g	Sirius XM Radio, Inc		6.000		07/15/24		10,816,000
	10,638,000		Starz LLC		5.000		09/15/19		11,076,817
	2,000,000	g	Unitymedia Hessen GmbH & Co KG		7.500		03/15/19		2,135,000
	7,400,000	g	Unitymedia Hessen GmbH & Co KG		5.500		01/15/23		7,659,000
	5,193,000	g	Univision Communications, Inc		7.875		11/01/20		5,712,300
	2,000,000	g	Univision Communications, Inc		8.500		05/15/21		2,217,500
	6,896,000	g	Univision Communications, Inc		6.750		09/15/22		7,628,700
	2,700,000		WideOpenWest Finance LLC		10.250		07/15/19		3,034,125
	2,850,000	g	WideOpenWest Finance LLC		10.250		07/15/19		3,202,688
			TOTAL MEDIA						187,002,699
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.6%
	2,500,000	g,o	Capsugel S.A.		7.000		05/15/19		2,575,000
	3,389,000	g	Endo Finance LLC & Endo Finco, Inc		7.000		07/15/19		3,621,994
	1,250,000	g	Endo Finance LLC & Endo Finco, Inc		7.000		12/15/20		1,337,500
	2,577,000	g	Endo Finance LLC & Endo Finco, Inc		7.250		01/15/22		2,783,160
	2,000,000	g	Valeant Pharmaceuticals International, Inc		7.000		10/01/20		2,125,000
	14,200,400	g	Valeant Pharmaceuticals International, Inc		6.375		10/15/20		15,087,925
	1,900,000	g	Valeant Pharmaceuticals International, Inc		6.750		08/15/21		2,023,500

171

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	7,450,000	g	Valeant Pharmaceuticals International, Inc		5.625	%	12/01/21	$	7,664,187
	10,000,000	g	Valeant Pharmaceuticals International, Inc		7.250		07/15/22		10,800,000
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						48,018,266
RETAILING - 1.6%
	12,500,000		Asbury Automotive Group, Inc		8.375		11/15/20		13,875,000
	8,750,000	g	Guitar Center, Inc		6.500		04/15/19		8,662,500
	1,275,000		JC Penney Corp, Inc		5.650		06/01/20		1,115,625
	3,000,000		JC Penney Corp, Inc		6.375		10/15/36		2,445,000
	1,875,000		Limited Brands, Inc		7.000		05/01/20		2,153,906
	12,570,000	g	Men’s Wearhouse, Inc		7.000		07/01/22		13,009,950
	5,000,000		Sonic Automotive, Inc		7.000		07/15/22		5,487,500
			TOTAL RETAILING						46,749,481
SOFTWARE & SERVICES - 2.0%
	1,700,000	g	Activision Blizzard, Inc		5.625		09/15/21		1,831,750
	12,085,000	g	Audatex North America, Inc		6.000		06/15/21		12,900,738
	12,575,000	g	BMC Software Finance, Inc		8.125		07/15/21		12,936,531
	2,850,000	g	Boxer Parent Co, Inc		9.000		10/15/19		2,778,750
	14,800,000	g	Ceridian LLC		8.125		11/15/17		14,948,000
	5,775,000		Equinix, Inc		4.875		04/01/20		5,919,375
	2,000,000	g	IMS Health, Inc		6.000		11/01/20		2,100,000
	3,350,000	g	NCR Escrow Corp		5.875		12/15/21		3,534,250
	3,000,000	g	Nielsen Co Luxembourg SARL		5.500		10/01/21		3,097,500
	2,000,000		SunGard Data Systems, Inc		7.625		11/15/20		2,180,000
			TOTAL SOFTWARE & SERVICES						62,226,894
TECHNOLOGY HARDWARE & EQUIPMENT - 0.8%
	2,625,000		Nokia Oyj		5.375		05/15/19		2,828,438
	3,000,000		Nokia Oyj		6.625		05/15/39		3,255,000
	2,825,000	g	NXP BV		3.750		06/01/18		2,832,062
	9,500,000	g	NXP Funding LLC		5.750		02/15/21		9,986,875
	1,500,000		Scientific Games Corp		8.125		09/15/18		1,571,250
	4,000,000		Scientific Games International, Inc		6.250		09/01/20		3,940,000
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						24,413,625
TELECOMMUNICATION SERVICES - 10.4%
	2,000,000		CenturyLink, Inc		5.625		04/01/20		2,110,000
	6,000,000		CenturyLink, Inc		6.450		06/15/21		6,510,000
	7,300,000		CenturyLink, Inc		5.800		03/15/22		7,601,125
	7,375,000		CenturyLink, Inc		6.750		12/01/23		8,057,187
	3,300,000		CenturyLink, Inc		7.650		03/15/42		3,291,750
	3,200,000		Citizens Communications Co		7.125		03/15/19		3,632,000
	2,750,000		Citizens Communications Co		9.000		08/15/31		2,963,125
	14,800,000	g,o	CommScope Holding Co, Inc		6.625		06/01/20		15,799,000
	6,000,000	g	CommScope Holding Co, Inc		5.000		06/15/21		6,120,000
	14,150,000		Frontier Communications Corp		8.500		04/15/20		16,697,000
	3,225,000		Frontier Communications Corp		7.125		01/15/23		3,418,500
	3,000,000		Intelsat Jackson Holdings S.A.		7.250		04/01/19		3,191,250
	6,000,000		Intelsat Jackson Holdings S.A.		7.250		10/15/20		6,465,000
	4,837,000		Intelsat Jackson Holdings S.A.		7.500		04/01/21		5,296,515
	11,050,000		Intelsat Jackson Holdings S.A.		5.500		08/01/23		10,994,750

172

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,800,000		Intelsat Luxembourg S.A.		6.750	%	06/01/18	$	1,905,750
	10,000,000		Intelsat Luxembourg S.A.		7.750		06/01/21		10,587,500
	2,850,000		Intelsat Luxembourg S.A.		8.125		06/01/23		3,081,563
	14,000,000	g	Kratos Defense & Security Solutions, Inc		7.000		05/15/19		14,560,000
	750,000	g	Lynx I Corp		5.375		04/15/21		787,500
	6,800,000	g	Lynx II Corp		6.375		04/15/23		7,378,000
	9,724,000		Sprint Capital Corp		6.900		05/01/19		10,720,710
	3,507,000		Sprint Capital Corp		6.875		11/15/28		3,542,070
	2,050,000		Sprint Capital Corp		8.750		03/15/32		2,367,750
	12,825,000	g	Sprint Corp		7.250		09/15/21		14,139,563
	6,650,000	g	Sprint Corp		7.875		09/15/23		7,398,125
	14,250,000	g	Sprint Corp		7.125		06/15/24		15,105,000
	4,500,000	g	Sprint Nextel Corp		9.000		11/15/18		5,456,250
	3,125,000	g	Sprint Nextel Corp		7.000		03/01/20		3,593,750
	8,125,000		Sprint Nextel Corp		6.000		11/15/22		8,287,500
	2,850,000		Telecom Italia Capital S.A.		7.175		06/18/19		3,295,313
	2,850,000		Telecom Italia Capital S.A.		6.375		11/15/33		2,942,625
	2,850,000		Telecom Italia Capital S.A.		6.000		09/30/34		2,857,125
	4,750,000		Telecom Italia Capital S.A.		7.721		06/04/38		5,474,375
	9,300,000	g	Telecom Italia S.p.A		5.303		05/30/24		9,334,875
	2,850,000		T-Mobile USA, Inc		5.250		09/01/18		2,992,500
	12,350,000		T-Mobile USA, Inc		6.542		04/28/20		13,338,000
	4,750,000		T-Mobile USA, Inc		6.125		01/15/22		5,040,937
	6,100,000		T-Mobile USA, Inc		6.731		04/28/22		6,580,375
	525,000		T-Mobile USA, Inc		6.836		04/28/23		571,594
	3,175,000		T-Mobile USA, Inc		6.500		01/15/24		3,393,281
	19,125,000	g,h	Wind Acquisition Finance S.A.		4.750		07/15/20		19,268,438
	4,750,000	g	Wind Acquisition Finance S.A.		7.375		04/23/21		5,070,625
	2,500,000		Windstream Corp		7.875		11/01/17		2,878,125
	2,105,000		Windstream Corp		8.125		09/01/18		2,210,250
	14,250,000		Windstream Corp		7.750		10/01/21		15,568,125
	2,000,000		Windstream Corp		7.500		04/01/23		2,165,000
	8,575,000		Windstream Corp		6.375		08/01/23		8,692,906
			TOTAL TELECOMMUNICATION SERVICES						322,732,702
TRANSPORTATION - 2.3%
	4,000,000	g	Bombardier, Inc		7.500		03/15/18		4,510,000
	3,350,000	g	Bombardier, Inc		4.750		04/15/19		3,408,625
	6,000,000	g	Bombardier, Inc		7.750		03/15/20		6,780,900
	9,500,000	g	Bombardier, Inc		6.000		10/15/22		9,737,500
	7,825,000	g	Bombardier, Inc		6.125		01/15/23		8,059,750
	2,525,000		Bristow Group, Inc		6.250		10/15/22		2,714,375
	17,920,000		Gulfmark Offshore, Inc		6.375		03/15/22		18,636,800
	5,650,000		Hertz Corp		5.875		10/15/20		5,904,250
	8,750,000	g	Meccanica Holdings USA, Inc		6.250		07/15/19		9,734,375
	1,800,000	g	Meccanica Holdings USA, Inc		7.375		07/15/39		1,912,500
			TOTAL TRANSPORTATION						71,399,075
UTILITIES - 6.7%
	4,825,000	g	AerCap Ireland Capital Ltd		4.500		05/15/21		4,909,437
	682,000		AES Corp		8.000		10/15/17		794,530
	2,500,000	i	AES Corp		3.229		06/01/19		2,518,750

173

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	11,145,000		AES Corp		7.375	%	07/01/21	$	13,039,650
	4,000,000		AmeriGas Finance LLC		7.000		05/20/22		4,430,000
	5,000,000		AmeriGas Partners LP		6.250		08/20/19		5,337,500
	4,797,000	g	Calpine Corp		7.500		02/15/21		5,204,745
	11,821,000	g	Calpine Corp		7.875		01/15/23		13,180,415
	5,435,000		El Paso Corp		7.750		01/15/32		5,951,325
	6,580,000		Ferrellgas LP		6.500		05/01/21		6,867,875
	11,000,000	g	Ferrellgas LP		6.750		01/15/22		11,495,000
	13,373,000		Ferrellgas Partners LP		8.625		06/15/20		14,275,677
	12,000,000	g	Gates Global LLC		6.000		07/15/22		12,000,000
	3,000,000		NRG Energy, Inc		8.250		09/01/20		3,277,500
	11,320,000		NRG Energy, Inc		7.875		05/15/21		12,551,050
	5,000,000	g	NRG Energy, Inc		6.250		07/15/22		5,325,000
	6,750,000		NRG Energy, Inc		6.625		03/15/23		7,306,875
	10,000,000	g	NRG Energy, Inc		6.250		05/01/24		10,450,000
	17,000,000	g	Numericable Group S.A.		6.000		05/15/22		17,680,000
	8,500,000	g	Numericable Group S.A.		6.250		05/15/24		8,871,875
	7,335,000		Questar Market Resources, Inc		6.875		03/01/21		8,233,537
	8,335,000		Sabine Pass Liquefaction LLC		5.625		02/01/21		8,814,263
	4,750,000		Sabine Pass Liquefaction LLC		5.625		04/15/23		4,951,875
	7,570,000		Sabine Pass LNG LP		7.500		11/30/16		8,364,850
	7,445,000		Sabine Pass LNG LP		6.500		11/01/20		8,059,213
	1,397,000		Suburban Propane Partners LP		7.375		08/01/21		1,519,238
			TOTAL UTILITIES						205,410,180
			TOTAL CORPORATE BONDS						2,410,438,702
			(Cost $2,296,658,312)
			TOTAL BONDS						2,410,438,702
			(Cost $2,296,658,312)

SHARES		COMPANY
PREFERRED STOCKS - 0.2%
BANKS - 0.2%
	180,000	Regions Financial Corp	6.375	12/30/49	4,505,400
		TOTAL BANKS			4,505,400
		TOTAL PREFERRED STOCKS			4,505,400
		(Cost $4,500,000)

PRINCIPAL		ISSUER
SHORT-TERM INVESTMENTS - 3.2%
GOVERNMENT AGENCY DEBT - 2.3%
$	20,000,000	Federal Home Loan Bank (FHLB)	0.060	07/11/14	19,999,667
	29,000,000	FHLB	0.055	07/25/14	28,998,937
	6,950,000	Federal National Mortgage Association (FNMA)	0.045	08/18/14	6,949,583
	15,000,000	FNMA	0.050	08/25/14	14,998,854
		TOTAL GOVERNMENT AGENCY DEBT			70,947,041

174

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
TREASURY DEBT - 0.9%
$	12,500,000	United States Treasury Bill		0.033	%	12/18/14	$	12,497,050
	15,000,000	United States Treasury Bill		0.074		02/05/15		14,995,214
		TOTAL TREASURY DEBT						27,492,264
		TOTAL SHORT-TERM INVESTMENTS						98,439,305
		(Cost $98,438,370)
		TOTAL INVESTMENTS - 100.3%						3,100,335,495
		(Cost $2,984,747,509)
		OTHER ASSETS & LIABILITIES, NET - (0.3)%						(8,609,365	)
		NET ASSETS - 100.0%					$	3,091,726,130

g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 6/30/2014, the aggregate value of these securities was $923,263,211 or 29.9% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
o	Payment in Kind Bond.

175

TIAA-CREF FUNDS - Inflation-Linked Bond Fund

TIAA-CREF FUNDS

INFLATION-LINKED BOND FUND

SCHEDULE OF INVESTMENTS (unaudited)

June 30, 2014

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
GOVERNMENT BONDS -  98.8%
U.S. TREASURY SECURITIES - 98.8%
$	5,000,000		United States Treasury Bond		3.625	%	02/15/44	$	5,276,560
	25,043,569	k	United States Treasury Inflation Indexed Bonds		1.625		01/15/15		25,454,434
	43,102,628	k	United States Treasury Inflation Indexed Bonds		1.875		07/15/15		44,766,131
	44,822,830	k	United States Treasury Inflation Indexed Bonds		2.000		01/15/16		47,256,575
	91,168,291	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/16		93,561,458
	42,658,687	k	United States Treasury Inflation Indexed Bonds		2.500		07/15/16		46,291,330
	39,175,750	k	United States Treasury Inflation Indexed Bonds		2.375		01/15/17		42,857,644
	99,918,007	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/17		103,352,689
	31,404,538	k	United States Treasury Inflation Indexed Bonds		2.625		07/15/17		35,155,905
	33,456,192	k	United States Treasury Inflation Indexed Bonds		1.625		01/15/18		36,490,769
	70,756,740	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/18		73,089,519
	32,237,192	k	United States Treasury Inflation Indexed Bonds		1.375		07/15/18		35,224,161
	31,352,560	k	United States Treasury Inflation Indexed Bonds		2.125		01/15/19		35,310,820
	66,768,240	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/19		68,750,456
	35,427,273	k	United States Treasury Inflation Indexed Bonds		1.875		07/15/19		39,877,824
	41,928,171	k	United States Treasury Inflation Indexed Bonds		1.375		01/15/20		45,989,963
	64,774,015	k	United States Treasury Inflation Indexed Bonds		1.250		07/15/20		70,983,188
	71,607,354	k	United States Treasury Inflation Indexed Bonds		1.125		01/15/21		77,565,301
	70,395,062	k	United States Treasury Inflation Indexed Bonds		0.625		07/15/21		74,151,272
	74,372,288	k	United States Treasury Inflation Indexed Bonds		0.125		01/15/22		74,866,194
	103,080,000	k	United States Treasury Inflation Indexed Bonds		0.125		07/15/22		103,780,635
	67,779,360	k	United States Treasury Inflation Indexed Bonds		0.125		01/15/23		67,546,335
	56,023,000	k	United States Treasury Inflation Indexed Bonds		0.375		07/15/23		57,108,446
	62,733,060	k	United States Treasury Inflation Indexed Bonds		0.625		01/15/24		65,007,133
	57,664,156	k	United States Treasury Inflation Indexed Bonds		2.375		01/15/25		69,859,203
	40,673,762	k	United States Treasury Inflation Indexed Bonds		2.000		01/15/26		47,921,948
	32,922,004	k	United States Treasury Inflation Indexed Bonds		2.375		01/15/27		40,398,887
	35,105,919	k	United States Treasury Inflation Indexed Bonds		1.750		01/15/28		40,415,689
	33,802,598	k	United States Treasury Inflation Indexed Bonds		3.625		04/15/28		47,471,524
	35,540,335	k	United States Treasury Inflation Indexed Bonds		2.500		01/15/29		44,841,916
	36,031,197	k	United States Treasury Inflation Indexed Bonds		3.875		04/15/29		52,673,106
	12,992,788	k	United States Treasury Inflation Indexed Bonds		3.375		04/15/32		18,761,377
	20,292,795	k	United States Treasury Inflation Indexed Bonds		2.125		02/15/40		25,817,833
	26,809,039	k	United States Treasury Inflation Indexed Bonds		2.125		02/15/41		34,378,410
	44,794,862	k	United States Treasury Inflation Indexed Bonds		0.750		02/15/42		42,166,658
	39,179,140	k	United States Treasury Inflation Indexed Bonds		0.625		02/15/43		35,567,293
	15,256,650	k	United States Treasury Inflation Indexed Bonds		1.375		02/15/44		16,779,935
	4,000,000		United States Treasury Note		2.750		02/15/24		4,090,936
	10,000,000		United States Treasury Note		2.500		05/15/24		9,985,940
			TOTAL U.S. TREASURY SECURITIES						1,900,845,397
			TOTAL GOVERNMENT BONDS						1,900,845,397
			(Cost $1,811,632,396)

176

TIAA-CREF FUNDS - Inflation-Linked Bond Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 0.3%
TREASURY DEBT - 0.3%
$	6,500,000	United States Treasury Bill		0.033	%	12/18/14	$	6,498,466
		TOTAL TREASURY DEBT						6,498,466
		TOTAL SHORT-TERM INVESTMENTS						6,498,466
		(Cost $6,499,002)
		TOTAL INVESTMENTS - 99.1%						1,907,343,863
		(Cost $1,818,131,398)
		OTHER ASSETS & LIABILITIES, NET - 0.9%						16,604,982
		NET ASSETS - 100.0%					$	1,923,948,845

k Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index.

177

TIAA-CREF FUNDS - Short-Term Bond Fund

TIAA-CREF FUNDS

SHORT-TERM BOND FUND

SCHEDULE OF INVESTMENTS (unaudited)

June 30, 2014

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
BANK LOAN OBLIGATIONS - 1.8%
CAPITAL GOODS - 0.0%
$	482,650	i	TransDigm, Inc		3.750	%	02/28/20	$	480,840
			TOTAL CAPITAL GOODS						480,840
CONSUMER DURABLES & APPAREL - 0.3%
	1,000,000	i	Libbey Glass, Inc		3.750		04/09/21		998,750
	3,248,161	i	PVH Corp		3.250		02/13/20		3,268,462
			TOTAL CONSUMER DURABLES & APPAREL						4,267,212
CONSUMER SERVICES - 0.7%
	897,750	i	ARAMARK Corp		3.250		09/07/19		891,017
	3,990,000	i	ARAMARK Corp		3.250		02/24/21		3,960,075
	973,684	i	Hilton Worldwide		3.500		10/26/20		971,659
	3,977,279	i	MGM Resorts International		3.500		12/20/19		3,963,597
	997,494	i	Spin Holdco, Inc		4.250		11/14/19		997,673
			TOTAL CONSUMER SERVICES						10,784,021
FOOD, BEVERAGE & TOBACCO - 0.1%
	1,683,000	i	HJ Heinz Co		3.250		06/07/19		1,684,750
			TOTAL FOOD, BEVERAGE & TOBACCO						1,684,750
HEALTH CARE EQUIPMENT & SERVICES - 0.1%
	1,000,000	h,i	Capsugel Holdings US, Inc		3.500		08/01/18		997,640
	199,000	i	CHS/Community Health Systems		4.250		01/27/21		200,063
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						1,197,703
MEDIA - 0.4%
	2,000,000	i	CBS Outdoor Americas Capital LLC		3.000		01/31/21		1,992,000
	997,481	i	CSC Holdings LLC		2.650		04/17/20		985,581
	295,502	i	Univision Communications, Inc		4.000		03/01/20		295,298
	2,000,000	i	Virgin Media Investment Holdings Ltd		3.500		06/08/20		1,993,120
			TOTAL MEDIA						5,265,999
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.1%
	1,000,000	i	Avago Technologies Ltd		3.750		05/06/21		1,002,770
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						1,002,770
TECHNOLOGY HARDWARE & EQUIPMENT - 0.1%
	1,000,000	i	NXP BV		3.250		01/10/20		993,330
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						993,330
			TOTAL BANK LOAN OBLIGATIONS						25,676,625
			(Cost $25,758,885)

178

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
BONDS - 91.4%
CORPORATE BONDS - 35.1%
BANKS - 9.9%
$	7,000,000	g	Australia & New Zealand Banking Group Ltd		2.400	%	11/23/16	$	7,244,755
	500,000	g	Banco de Credito del Peru		4.750		03/16/16		530,000
	500,000		Banco de Oro Unibank, Inc		3.875		04/22/16		513,125
	7,825,000	g	Banco del Estado de Chile		2.000		11/09/17		7,902,248
	3,000,000		Bancolombia S.A.		4.250		01/12/16		3,131,250
	788,000	g	Bank Nederlandse Gemeenten		1.375		09/27/17		794,025
	7,000,000	g	Bank Nederlandse Gemeenten		1.375		03/19/18		7,005,229
	250,000	g	Bank of Nova Scotia		1.650		10/29/15		254,022
	4,800,000	g	Bank of Nova Scotia		2.150		08/03/16		4,940,304
	1,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		2.350		02/23/17		1,029,147
	1,000,000		BB&T Corp		3.200		03/15/16		1,040,015
	1,000,000		BB&T Corp		1.450		01/12/18		995,226
	2,500,000		BDO Unibank, Inc		4.500		02/16/17		2,628,125
	3,000,000	g	Caixa Economica Federal		2.375		11/06/17		2,932,500
	1,000,000	g	Caixa Economica Federal		4.500		10/03/18		1,026,250
	1,125,000	g	Caixa Economica Federal		4.250		05/13/19		1,135,687
	4,565,000		Citigroup, Inc		5.000		09/15/14		4,605,419
	456,000		Citigroup, Inc		5.500		10/15/14		462,583
	6,750,000		Citigroup, Inc		1.300		11/15/16		6,758,708
	759,000		Citigroup, Inc		5.500		02/15/17		834,720
	3,750,000		Eksportfinans ASA		2.375		05/25/16		3,750,000
	2,500,000		Fifth Third Bancorp		1.350		06/01/17		2,505,412
	1,000,000		First Horizon National Corp		5.375		12/15/15		1,057,862
	900,000		HSBC USA, Inc		2.375		02/13/15		911,199
	5,000,000		Huntington National Bank		1.300		11/20/16		5,021,750
	1,550,000	g	Hutchison Whampoa International 12 II Ltd		2.000		11/08/17		1,563,900
	10,000,000		JPMorgan Chase & Co		0.800		04/23/15		10,001,750
	3,000,000		JPMorgan Chase & Co		1.350		02/15/17		3,010,656
	2,500,000	g	National Australia Bank Ltd		2.000		06/20/17		2,557,598
	2,000,000		PNC Bank NA		1.125		01/27/17		2,005,556
	10,000,000		Royal Bank of Canada		1.200		01/23/17		10,060,030
	9,000,000	g	Skandinaviska Enskilda Banken AB		1.375		05/29/18		8,935,686
	5,000,000	g	SpareBank  Boligkreditt AS.		1.250		05/02/18		4,928,950
	1,800,000	g	State Bank of India		4.125		08/01/17		1,873,994
	300,000	g	State Bank of India		3.250		04/18/18		301,770
	1,000,000		SunTrust Bank		1.350		02/15/17		1,004,323
	2,000,000		SunTrust Banks, Inc		2.500		05/01/19		2,025,568
	2,200,000	g	Toronto-Dominion Bank		1.625		09/14/16		2,240,480
	500,000	g	Turkiye Is Bankasi		3.875		11/07/17		501,450
	500,000		Union Bank NA		2.125		06/16/17		511,116
	1,000,000		US Bancorp		3.125		04/01/15		1,020,723
	500,000		US Bancorp		1.650		05/15/17		507,634
	5,000,000		US Bank NA		1.100		01/30/17		5,018,850
	1,000,000		Westpac Banking Corp		3.000		08/04/15		1,027,506
	6,000,000	g	Westpac Banking Corp		2.450		11/28/16		6,216,420
	2,700,000	g	Westpac Banking Corp		1.250		12/15/17		2,684,016
	5,000,000	g	Westpac Banking Corp		1.850		11/26/18		5,004,245
	1,000,000	g	Zenith Bank plc		6.250		04/22/19		996,300
			TOTAL BANKS						143,008,082

179

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
CAPITAL GOODS - 1.8%
$	475,000		Caterpillar, Inc		1.500	%	06/26/17	$	480,394
	2,000,000		Eaton Corp		1.500		11/02/17		2,002,478
	2,000,000		John Deere Capital Corp		1.050		10/11/16		2,009,692
	12,450,000		John Deere Capital Corp		1.050		12/15/16		12,495,368
	1,000,000		John Deere Capital Corp		2.000		01/13/17		1,026,377
	1,000,000		John Deere Capital Corp		1.400		03/15/17		1,013,262
	5,925,000		Pentair Finance S.A.		1.350		12/01/15		5,970,895
	500,000		United Technologies Corp		1.800		06/01/17		510,700
			TOTAL CAPITAL GOODS						25,509,166
COMMERCIAL & PROFESSIONAL SERVICES - 0.1%
	1,000,000		Waste Management, Inc		2.600		09/01/16		1,034,623
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						1,034,623
CONSUMER SERVICES - 0.6%
	1,000,000		DineEquity, Inc		9.500		10/30/18		1,071,500
	200,000	g	GLP Capital LP		4.375		11/01/18		206,500
	1,000,000	g	SABMiller Holdings, Inc		2.450		01/15/17		1,030,494
	1,000,000		Walt Disney Co		0.450		12/01/15		1,000,994
	5,000,000		Walt Disney Co		0.875		05/30/17		4,981,900
			TOTAL CONSUMER SERVICES						8,291,388
DIVERSIFIED FINANCIALS - 8.1%
	2,000,000	g	Abbey National Treasury Services plc		3.875		11/10/14		2,024,554
	550,000		American Express Centurion Bank		0.875		11/13/15		552,729
	500,000		American Express Centurion Bank		6.000		09/13/17		572,753
	1,150,000		American Express Credit Corp		1.750		06/12/15		1,164,585
	1,000,000		American Express Credit Corp		1.300		07/29/16		1,008,318
	1,000,000		American Express Credit Corp		2.800		09/19/16		1,041,224
	2,675,000		Bank of America Corp		3.750		07/12/16		2,813,990
	9,350,000		Bank of America Corp		2.000		01/11/18		9,410,336
	1,000,000		Bank of New York Mellon Corp		1.200		02/20/15		1,005,051
	150,000	i	Bank of New York Mellon Corp		1.969		06/20/17		153,253
	500,000		BlackRock, Inc		3.500		12/10/14		507,206
	825,000		BlackRock, Inc		1.375		06/01/15		833,500
	1,000,000		BNP Paribas S.A.		1.375		03/17/17		1,000,350
	8,000,000	g	Caisse Centrale Desjardins du Quebec		1.600		03/06/17		8,129,288
	3,250,000		Capital One Financial Corp		2.125		07/15/14		3,252,216
	2,400,000		Capital One Financial Corp		1.000		11/06/15		2,406,581
	2,000,000	g	Credit Suisse AG.		1.625		03/06/15		2,017,480
	1,675,000		Ford Motor Credit Co LLC		4.250		02/03/17		1,798,843
	3,250,000		Ford Motor Credit Co LLC		3.000		06/12/17		3,390,563
	825,000		Ford Motor Credit Co LLC		6.625		08/15/17		949,669
	500,000		General Electric Capital Corp		3.750		11/14/14		506,495
	3,000,000		General Electric Capital Corp		1.625		07/02/15		3,038,157
	5,000,000		General Electric Capital Corp		1.500		07/12/16		5,071,835
	2,000,000		General Electric Capital Corp		2.300		04/27/17		2,065,716
	2,312,000		General Motors Financial Co, Inc		2.750		05/15/16		2,346,680

180

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,375,000		Goldman Sachs Group, Inc		3.300	%	05/03/15	$	1,405,539
	10,000,000		Goldman Sachs Group, Inc		3.625		02/07/16		10,422,770
	160,000	g	Hyundai Capital America, Inc		3.750		04/06/16		167,450
	200,000	g	Hyundai Capital Services, Inc		4.375		07/27/16		212,624
	1,000,000	g	Hyundai Capital Services, Inc		3.500		09/13/17		1,052,060
	1,500,000		Icahn Enterprises LP		3.500		03/15/17		1,516,875
	300,000		Indian Railway Finance Corp Ltd		3.917		02/26/19		308,061
	2,000,000	i	International Lease Finance Corp		3.500		03/06/21		1,997,500
	150,000	g	International Lease Finance Corp		6.500		09/01/14		151,125
	200,000		International Lease Finance Corp		5.750		05/15/16		214,250
	200,000		International Lease Finance Corp		3.875		04/15/18		205,000
	1,000,000		Jefferies Group, Inc		3.875		11/09/15		1,031,950
	5,000,000		Kreditanstalt Fuer Wiederaufbau		4.375		03/15/18		5,555,450
	1,500,000	g	Lukoil International Finance BV		3.416		04/24/18		1,488,750
	1,800,000		Morgan Stanley		1.750		02/25/16		1,825,564
	1,000,000		National Rural Utilities Cooperative Finance Corp		1.000		02/02/15		1,004,065
	1,000,000		National Rural Utilities Cooperative Finance Corp		1.100		01/27/17		1,003,923
	10,000,000	g	Nederlandse Waterschapsbank NV		1.875		03/13/19		10,056,400
	500,000	g	PTTEP Australia International Finance Pty Ltd		4.152		07/19/15		514,231
	1,675,000		State Street Corp		1.350		05/15/18		1,656,250
	1,000,000		Toyota Motor Credit Corp		1.000		02/17/15		1,004,729
	410,000		Toyota Motor Credit Corp		1.250		10/05/17		409,717
	1,000,000		Unilever Capital Corp		2.750		02/10/16		1,037,068
	2,000,000		Wells Fargo & Co		1.500		07/01/15		2,022,556
	11,000,000		Wells Fargo & Co		1.250		07/20/16		11,094,963
	3,500,000		Wells Fargo & Co		2.100		05/08/17		3,589,719
			TOTAL DIVERSIFIED FINANCIALS						118,009,961
ENERGY - 1.9%
	250,000		Apache Corp		1.750		04/15/17		254,430
	2,000,000		Ashland, Inc		3.000		03/15/16		2,040,000
	1,600,000		BP Capital Markets plc		1.375		05/10/18		1,585,110
	2,000,000		Chevron Corp		1.104		12/05/17		1,990,806
	350,000		ConocoPhillips		4.600		01/15/15		357,815
	625,000		Devon Energy Corp		1.875		05/15/17		635,797
	2,450,000		Ecopetrol S.A.		4.250		09/18/18		2,621,500
	1,150,000		EOG Resources, Inc		2.950		06/01/15		1,176,525
	350,000		Marathon Petroleum Corp		3.500		03/01/16		365,500
	375,000		Noble Holding International Ltd		3.450		08/01/15		385,692
	1,550,000		Noble Holding International Ltd		2.500		03/15/17		1,585,701
	500,000		Occidental Petroleum Corp		2.500		02/01/16		515,005
	1,850,000	i	Petrobras Global Finance BV		1.849		05/20/16		1,852,294
	2,300,000		Petrobras Global Finance BV		3.250		03/17/17		2,358,167
	975,000		Petrobras International Finance Co		3.875		01/27/16		1,005,274
	925,000		Petrobras International Finance Co		3.500		02/06/17		949,512
	500,000		Petroleos Mexicanos		4.875		03/15/15		514,000
	625,000		Petroleos Mexicanos		3.500		07/18/18		656,875
	400,000		Phillips 66		1.950		03/05/15		404,003
	1,000,000	g	PTT Exploration & Production PCL		3.707		09/16/18		1,044,456
	100,000		Statoil ASA		2.900		10/15/14		100,746
	750,000		Statoil ASA		1.200		01/17/18		744,585
	2,000,000		Tesoro Corp		4.250		10/01/17		2,090,000

181

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	500,000		Total Capital Canada Ltd		1.450	%	01/15/18	$	500,176
	750,000		Total Capital International S.A.		1.500		02/17/17		761,995
	1,000,000		Vale Overseas Ltd		6.250		01/23/17		1,119,000
	475,000		Valero Energy Corp		4.500		02/01/15		485,932
			TOTAL ENERGY						28,100,896
FOOD & STAPLES RETAILING - 0.2%
	1,075,000		CVS Caremark Corp		3.250		05/18/15		1,102,399
	1,000,000		CVS Caremark Corp		1.200		12/05/16		1,006,112
			TOTAL FOOD & STAPLES RETAILING						2,108,511
FOOD, BEVERAGE & TOBACCO - 0.8%
	2,000,000		Anheuser-Busch InBev Finance, Inc		1.125		01/27/17		2,009,786
	700,000		Anheuser-Busch InBev Worldwide, Inc		4.125		01/15/15		714,016
	500,000		Anheuser-Busch InBev Worldwide, Inc		2.875		02/15/16		518,514
	2,000,000		Coca-Cola Co		0.750		03/13/15		2,007,030
	600,000		Coca-Cola Co		1.800		09/01/16		614,090
	2,000,000		Constellation Brands, Inc		8.375		12/15/14		2,063,750
	135,000		General Mills, Inc		5.200		03/17/15		139,537
	1,650,000		General Mills, Inc		0.875		01/29/16		1,657,245
	200,000		Mondelez International, Inc		4.125		02/09/16		210,314
	1,000,000	g	Pernod-Ricard S.A.		2.950		01/15/17		1,039,928
			TOTAL FOOD, BEVERAGE & TOBACCO						10,974,210
HEALTH CARE EQUIPMENT & SERVICES - 0.8%
	1,000,000		Baxter International, Inc		0.950		06/01/16		1,004,279
	200,000		Becton Dickinson & Co		1.750		11/08/16		203,782
	3,300,000		CareFusion Corp		1.450		05/15/17		3,297,535
	500,000		Covidien International Finance S.A.		1.350		05/29/15		504,058
	600,000		Express Scripts Holding Co		2.100		02/12/15		606,055
	655,000		Fresenius Medical Care US Finance, Inc		6.875		07/15/17		741,788
	1,000,000	g	Fresenius US Finance II, Inc		9.000		07/15/15		1,077,500
	1,000,000		McKesson Corp		1.292		03/10/17		1,002,643
	1,000,000		Medco Health Solutions, Inc		2.750		09/15/15		1,023,910
	245,000		Thermo Fisher Scientific, Inc		3.200		05/01/15		250,440
	2,250,000		Thermo Fisher Scientific, Inc		1.300		02/01/17		2,253,317
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						11,965,307
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	1,000,000		Ecolab, Inc		3.000		12/08/16		1,045,876
	375,000		Ecolab, Inc		1.450		12/08/17		375,480
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						1,421,356
INSURANCE - 0.8%
	750,000		Aetna, Inc		1.500		11/15/17		752,840
	2,575,000		Berkshire Hathaway Finance Corp		1.300		05/15/18		2,552,850
	675,000		Hartford Financial Services Group, Inc		4.000		10/15/17		728,368
	2,000,000	g	Metropolitan Life Global Funding I		1.300		04/10/17		2,004,610
	400,000		Principal Financial Group, Inc		1.850		11/15/17		402,019
	1,000,000		Prudential Financial, Inc		3.875		01/14/15		1,018,531
	550,000		UnitedHealth Group, Inc		0.850		10/15/15		552,433

182

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	2,425,000		UnitedHealth Group, Inc		1.400	%	10/15/17	$	2,434,193
	1,500,000		Willis Group Holdings plc		4.125		03/15/16		1,568,402
			TOTAL INSURANCE						12,014,246
MATERIALS - 1.0%
	40,000		Airgas, Inc		4.500		09/15/14		40,331
	675,000		ArcelorMittal		4.250		08/05/15		692,719
	250,000		ArcelorMittal		5.000		02/25/17		264,375
	1,000,000		Bemis Co, Inc		5.650		08/01/14		1,004,496
	300,000		Corning, Inc		1.450		11/15/17		294,985
	1,000,000		EI du Pont de Nemours & Co		3.250		01/15/15		1,016,132
	1,324,000		Graphic Packaging International, Inc		7.875		10/01/18		1,395,099
	2,000,000		International Paper Co		5.300		04/01/15		2,071,542
	5,000,000		Monsanto Co		1.150		06/30/17		5,001,545
	500,000		Rio Tinto Finance USA Ltd		2.250		09/20/16		515,510
	1,750,000		Sherwin-Williams Co		1.350		12/15/17		1,752,257
	1,000,000		Teck Resources Ltd		2.500		02/01/18		1,018,575
			TOTAL MATERIALS						15,067,566
MEDIA - 0.7%
	2,000,000		DIRECTV Holdings LLC		3.500		03/01/16		2,086,992
	525,000		DISH DBS Corp		4.250		04/01/18		546,000
	1,000,000		Echostar DBS Corp		6.625		10/01/14		1,012,500
	625,000	g	NBC Universal Enterprise, Inc		1.662		04/15/18		624,591
	1,000,000		NBC Universal Media LLC		3.650		04/30/15		1,027,140
	2,000,000		TCI Communications, Inc		8.750		08/01/15		2,179,426
	250,000		Time Warner, Inc		3.150		07/15/15		256,895
	1,000,000		Viacom, Inc		1.250		02/27/15		1,005,591
	1,000,000		Viacom, Inc		3.500		04/01/17		1,062,134
			TOTAL MEDIA						9,801,269
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.9%
	1,500,000		AbbVie, Inc		1.200		11/06/15		1,510,128
	1,200,000		AbbVie, Inc		1.750		11/06/17		1,206,545
	1,000,000		Amgen, Inc		1.250		05/22/17		999,105
	600,000		Johnson & Johnson		2.150		05/15/16		618,006
	120,000		Life Technologies Corp		3.500		01/15/16		124,656
	1,000,000		Merck & Co, Inc		2.250		01/15/16		1,027,454
	3,000,000	g	Mylan, Inc		7.875		07/15/20		3,320,577
	1,000,000		NBTY, Inc		9.000		10/01/18		1,057,500
	3,275,000	g	Perrigo Co Ltd		1.300		11/08/16		3,270,123
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						13,134,094
REAL ESTATE - 0.4%
	1,560,000		Camden Property Trust		5.000		06/15/15		1,624,139
	1,410,000		DDR Corp		5.500		05/01/15		1,463,721
	798,000		Duke Realty LP		7.375		02/15/15		830,778
	304,000		Kimco Realty Corp		5.783		03/15/16		328,688
	300,000	g	PPF Funding, Inc		5.125		06/01/15		310,233
	655,000		Ventas Realty LP		3.125		11/30/15		676,070
	1,000,000		Ventas Realty LP		1.250		04/17/17		1,000,132
			TOTAL REAL ESTATE						6,233,761

183

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
RETAILING - 0.7%
$	2,750,000		Home Depot, Inc		2.250	%	09/10/18	$	2,814,160
	2,000,000		Limited Brands, Inc		5.250		11/01/14		2,026,000
	2,212,000		Macy’s Retail Holdings, Inc		5.750		07/15/14		2,216,336
	1,000,000	g	QVC, Inc		7.500		10/01/19		1,051,069
	2,300,000		Target Corp		1.125		07/18/14		2,300,823
			TOTAL RETAILING						10,408,388
SOFTWARE & SERVICES - 0.3%
	2,500,000		International Business Machines Corp		0.750		05/11/15		2,510,625
	1,050,000		Oracle Corp		1.200		10/15/17		1,048,595
			TOTAL SOFTWARE & SERVICES						3,559,220
TECHNOLOGY HARDWARE & EQUIPMENT - 1.4%
	250,000		Amphenol Corp		4.750		11/15/14		253,845
	5,000,000		Apple, Inc		1.050		05/05/17		5,006,750
	250,000		CC Holdings GS V LLC		2.381		12/15/17		254,587
	1,000,000		Cisco Systems, Inc		1.100		03/03/17		1,003,107
	3,000,000		General Electric Co		0.850		10/09/15		3,014,880
	2,125,000		Hewlett-Packard Co		2.125		09/13/15		2,162,453
	1,000,000		L-3 Communications Corp		3.950		11/15/16		1,062,967
	4,950,000		L-3 Communications Corp		1.500		05/28/17		4,956,772
	725,000	g	NXP BV		3.750		06/01/18		726,813
	198,000		Seagate Technology HDD Holdings		6.800		10/01/16		221,760
	1,000,000		Tyco Electronics Group S.A.		1.600		02/03/15		1,006,714
	475,000		Tyco Electronics Group S.A.		2.375		12/17/18		478,718
	1,000,000		Xerox Corp		2.950		03/15/17		1,043,856
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						21,193,222
TELECOMMUNICATION SERVICES - 1.7%
	1,000,000		America Movil SAB de C.V.		2.375		09/08/16		1,028,230
	1,510,000		American Tower Corp		4.625		04/01/15		1,555,283
	1,000,000		AT&T, Inc		2.500		08/15/15		1,021,712
	1,330,000		AT&T, Inc		1.400		12/01/17		1,324,421
	1,825,000		British Telecommunications plc		1.625		06/28/16		1,850,139
	1,000,000		France Telecom S.A.		2.125		09/16/15		1,015,383
	1,000,000	g	Sprint Nextel Corp		9.000		11/15/18		1,212,500
	1,000,000		Telefonica Emisiones SAU		3.992		02/16/16		1,046,998
	750,000	g	Turk Telekomunikasyon AS.		3.750		06/19/19		741,300
	3,000,000		Verizon Communications, Inc		0.700		11/02/15		3,007,785
	5,000,000		Verizon Communications, Inc		1.350		06/09/17		4,998,330
	5,675,000		Verizon Communications, Inc		3.650		09/14/18		6,069,305
			TOTAL TELECOMMUNICATION SERVICES						24,871,386
TRANSPORTATION - 0.3%
	350,000	g	Asciano Finance Ltd		3.125		09/23/15		357,198
	3,000,000	g	ERAC USA Finance LLC		1.400		04/15/16		3,023,073
	890,000	g	Transnet Ltd		4.500		02/10/16		933,814
			TOTAL TRANSPORTATION						4,314,085

184

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
UTILITIES - 2.6%
$	750,000	g	Abu Dhabi National Energy Co		4.125	%	03/13/17	$	797,850
	180,000		Alliant Energy Corp		4.000		10/15/14		181,945
	2,150,000		American Electric Power Co, Inc		1.650		12/15/17		2,161,408
	5,000,000		Berkshire Hathaway Energy Co		1.100		05/15/17		4,979,610
	1,000,000		Commonwealth Edison Co		4.700		04/15/15		1,034,368
	2,000,000		Commonwealth Edison Co		1.950		09/01/16		2,052,962
	2,000,000		Dominion Resources, Inc		1.400		09/15/17		1,996,464
	1,000,000		Duke Energy Corp		2.100		06/15/18		1,011,024
	2,000,000	g	Electricite de France		1.150		01/20/17		2,000,420
	1,900,000		FPL Group Capital, Inc		2.600		09/01/15		1,941,219
	1,250,000	g	Hrvatska Elektroprivreda		6.000		11/09/17		1,323,437
	550,000	g	Israel Electric Corp Ltd		6.700		02/10/17		600,356
	2,600,000	g	Israel Electric Corp Ltd		5.625		06/21/18		2,769,312
	200,000	g	Korea Hydro & Nuclear Power Co Ltd		3.125		09/16/15		205,060
	1,500,000	g	Korea Hydro & Nuclear Power Co Ltd		2.875		10/02/18		1,534,390
	1,500,000		Northeast Utilities		1.450		05/01/18		1,472,998
	2,950,000		ONEOK Partners LP		2.000		10/01/17		2,990,265
	500,000		Pepco Holdings, Inc		2.700		10/01/15		509,850
	2,000,000		Sempra Energy		2.300		04/01/17		2,053,100
	450,000		Williams Partners LP		3.800		02/15/15		458,656
	5,000,000		Xcel Energy, Inc		0.750		05/09/16		5,005,100
			TOTAL UTILITIES						37,079,794
			TOTAL CORPORATE BONDS						508,100,531
			(Cost $502,522,116)
GOVERNMENT BONDS -  31.1%
AGENCY SECURITIES - 3.0%
	12,000,000		Federal Home Loan Bank (FHLB)		0.375		02/19/16		12,000,816
	5,000,000		FHLB		0.625		12/28/16		4,995,550
	14,000,000		FHLB		0.875		05/24/17		14,000,504
	6,030,004	g	Hospital for Special Surgery		3.500		01/01/23		6,258,746
	6,000,000		Private Export Funding Corp (PEFCO)		1.375		02/15/17		6,079,644
			TOTAL AGENCY SECURITIES						43,335,260
FOREIGN GOVERNMENT BONDS - 6.4%
	1,000,000	g	Caisse d’Amortissement de la Dette Sociale		1.125		01/30/17		1,007,750
	1,950,000	g	Croatia Government International Bond		6.250		04/27/17		2,112,084
	2,150,000	g	Democratic Socialist Republic of Sri Lanka		7.400		01/22/15		2,212,350
	2,000,000		European Bank for Reconstruction & Development		1.750		06/14/19		2,001,054
	2,500,000		European Investment Bank		0.875		04/18/17		2,499,910
	2,000,000		Export Development Canada		1.750		08/19/19		2,001,700
	225,000		Export-Import Bank of Korea		4.125		09/09/15		233,649
	1,750,000		Export-Import Bank of Korea		1.250		11/20/15		1,759,037
	500,000		Export-Import Bank of Korea		3.750		10/20/16		529,496
	925,000		Export-Import Bank of Korea		1.750		02/27/18		918,938
	5,900,000	g	Hellenic Republic Government Bond		4.750		04/17/19		8,254,345
	500,000		Hungary Government International Bond		4.125		02/19/18		521,250
	350,000		Hungary Government International Bond		4.000		03/25/19		360,534

185

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	2,500,000		Hydro Quebec		1.375	%	06/19/17	$	2,521,125
	1,250,000		Hydro-Quebec		7.500		04/01/16		1,391,982
	2,000,000	g	Iceland Government International Bond		4.875		06/16/16		2,100,320
	2,370,000	g	Indonesia Government International Bond		6.875		03/09/17		2,666,250
	20,000,000	g,i	International Finance Facility for Immunisation		0.420		07/05/16		20,004,000
	2,300,000	g	Japan Finance Organization for Municipalities		2.125		03/06/19		2,318,996
	5,000,000	g	Kommunalbanken AS.		0.875		10/03/16		5,022,750
	2,500,000		Korea Development Bank		1.000		01/22/16		2,501,125
	6,000,000		Korea Development Bank		1.500		01/22/18		5,910,510
	410,000	g	Korea Housing Finance Corp		3.500		12/15/16		431,979
	250,000	g	Korea Housing Finance Corp		1.625		09/15/18		243,411
	400,000	g	Lithuania Government International Bond		5.125		09/14/17		440,252
	1,000,000		Mexico Government International Bond		5.625		01/15/17		1,110,000
	1,300,000	g	Municipality Finance plc		1.750		05/21/19		1,297,304
	3,000,000		Province of New Brunswick Canada		2.750		06/15/18		3,141,000
	2,000,000		Province of Nova Scotia Canada		2.375		07/21/15		2,044,080
	1,300,000		Province of Ontario Canada		2.700		06/16/15		1,330,485
	791,000	g	Qatar Government International Bond		4.000		01/20/15		804,842
	550,000		Republic of Italy		4.500		01/21/15		562,303
	1,500,000	g	Republic of Latvia		5.250		02/22/17		1,636,875
	425,000	g	Republic of Lithuania		6.750		01/15/15		437,963
	1,000,000		Republic of Turkey		7.500		07/14/17		1,137,824
	625,000	g	Slovenia Government International Bond		4.125		02/18/19		658,406
	2,500,000	g	Spain Government International Bond		4.000		03/06/18		2,671,600
	3,525,000		Svensk Exportkredit AB		1.125		04/05/18		3,490,377
	1,000,000		Turkey Government International Bond		7.000		09/26/16		1,103,700
			TOTAL FOREIGN GOVERNMENT BONDS						91,391,556
MORTGAGE BACKED - 2.1%
	17,397		Federal Home Loan Mortgage Corp Gold (FGLMC)		6.000		12/01/17		18,476
	101,910		FGLMC		5.500		01/01/19		108,977
	107,009		FGLMC		5.500		01/01/19		114,578
	1,200,000		Federal National Mortgage Association (FNMA)		1.510		06/01/17		1,217,316
	1,942,000		FNMA		2.690		10/01/17		2,025,240
	3,705,443		FNMA		3.000		10/01/21		3,874,469
	8,705,817		FNMA		2.000		05/25/25		8,854,408
	375,007		FNMA		4.500		10/25/28		378,461
	4,515,375		FNMA		4.000		02/25/44		4,796,403
	2,707,238		Government National Mortgage Association (GNMA)		2.300		10/15/19		2,772,293
	302,946		GNMA		1.864		08/16/31		304,107
	2,000,000		GNMA		2.610		04/16/35		2,026,378
	258,421		GNMA		2.161		11/16/36		259,690
	1,726,946		GNMA		2.176		05/16/39		1,741,105
	2,433,839		GNMA		2.120		05/16/40		2,449,567
			TOTAL MORTGAGE BACKED						30,941,468
MUNICIPAL BONDS - 0.4%
	5,000,000		Florida Hurricane Catastrophe Fund Finance Corp		1.298		07/01/16		5,043,800
	500,000		New Jersey Health Care Facilities Financing Authority		5.000		07/01/16		527,170
			TOTAL MUNICIPAL BONDS						5,570,970

186

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
U.S. TREASURY SECURITIES - 19.2%
$	10,938,300	k	United States Treasury Inflation Indexed Bonds		0.500	%	04/15/15	$	11,096,391
	10,116,400	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/19		10,416,736
	1,865,000		United States Treasury Note		2.375		10/31/14		1,879,133
	6,680,000		United States Treasury Note		0.250		11/30/14		6,684,436
	1,355,000		United States Treasury Note		0.250		01/31/15		1,356,324
	5,745,000		United States Treasury Note		0.250		02/28/15		5,751,061
	21,460,000		United States Treasury Note		0.250		05/31/15		21,486,825
	5,700,000		United States Treasury Note		0.250		02/29/16		5,694,431
	8,025,000		United States Treasury Note		0.375		05/31/16		8,017,794
	35,790,000		United States Treasury Note		0.500		06/15/16		35,834,737
	4,600,000		United States Treasury Note		0.625		07/15/16		4,614,016
	26,315,000		United States Treasury Note		0.625		08/15/16		26,378,735
	15,000,000		United States Treasury Note		0.875		09/15/16		15,108,990
	31,455,000		United States Treasury Note		0.625		02/15/17		31,376,362
	27,915,000		United States Treasury Note		0.875		05/15/17		27,952,071
	65,275,000		United States Treasury Note		0.875		06/15/17		65,300,523
	200		United States Treasury Note		0.750		06/30/17		199
	600		United States Treasury Note		0.875		01/31/18		594
	373,600		United States Treasury Note		1.625		06/30/19		373,600
			TOTAL U.S. TREASURY SECURITIES						279,322,958
			TOTAL GOVERNMENT BONDS						450,562,212
			(Cost $448,551,448)
STRUCTURED ASSETS - 25.2%
ASSET BACKED - 20.2%
	230,520	i	Aames Mortgage Trust		6.483		06/25/32		223,965
			Series - 2002 1 (Class A3)
	118,992	i	Accredited Mortgage Loan Trust		0.390		09/25/35		118,298
			Series - 2005 3 (Class A1)
	1,000,000	g	AESOP Funding II		3.270		02/20/18		1,046,865
			Series - 2011 5A (Class A)
	734,313		Ally Auto Receivables Trust		2.230		03/15/16		737,280
			Series - 2011 1 (Class A4)
	2,700,000	g	Ally Auto Receivables Trust		2.590		07/15/16		2,730,807
			Series - 2011 2 (Class B)
	3,300,000	g	Ally Auto Receivables Trust		1.900		11/15/16		3,331,178
			Series - 2011 5 (Class B)
	8,000,000	g	Ally Master Owner Trust		4.250		04/15/17		8,184,848
			Series - 2010 2 (Class A)
	2,000,000		Ally Master Owner Trust		1.000		02/15/18		2,006,224
			Series - 2013 1 (Class A2)
	1,000,000		Ally Master Owner Trust		1.720		07/15/19		1,008,228
			Series - 2012 4 (Class A)
	1,000,000		Ally Master Owner Trust		1.540		09/15/19		1,000,398
			Series - 2012 5 (Class A)
	5,200,000	g	American Express Credit Account Master Trust		1.290		03/15/18		5,212,730
			Series - 2012 2 (Class C)
	41,896		AmeriCredit Automobile Receivables Trust		2.330		03/08/16		41,914
			Series - 2011 2 (Class B)
	3,000,000		AmeriCredit Automobile Receivables Trust		2.450		12/08/16		3,022,923
			Series - 2011 5 (Class B)

187

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	5,000,000		AmeriCredit Automobile Receivables Trust		0.540	%	10/10/17	$	5,000,175
			Series - 2014 2 (Class A2A)
	4,250,000		AmeriCredit Automobile Receivables Trust		1.310		11/08/17		4,276,265
			Series - 2012 4 (Class B)
	55,677	g	Asset Backed Funding Corp NIM Trust		5.900		07/26/35		1
			Series - 2006 WMC1 (Class N1)
	1,666,667	g	Avis Budget Rental Car Funding AESOP LLC		3.650		11/20/14		1,676,588
			Series - 2011 2A (Class B)
	565,000	g	Avis Budget Rental Car Funding AESOP LLC		6.740		05/20/16		585,721
			Series - 2010 3A (Class B)
	3,000,000	g	Avis Budget Rental Car Funding AESOP LLC		2.054		08/20/16		3,038,778
			Series - 2012 1A (Class A)
	5,600,000	g	Avis Budget Rental Car Funding AESOP LLC		3.241		08/20/16		5,712,728
			Series - 2012 1A (Class B)
	450,000	g	Avis Budget Rental Car Funding AESOP LLC		3.150		03/20/17		465,373
			Series - 2010 5A (Class A)
	324,357	i	Bear Stearns Asset Backed Securities Trust		0.892		11/25/39		319,610
			Series - 2005 SD3 (Class 2A1)
	2,000,000	g	Cabela’s Master Credit Card Trust		2.290		09/17/18		2,040,522
			Series - 2010 2A (Class A1)
	5,225,000	g	Cabela’s Master Credit Card Trust		2.390		06/17/19		5,377,983
			Series - 2011 2A (Class A1)
	2,090,000	g	Cabela’s Master Credit Card Trust		1.630		02/18/20		2,118,336
			Series - 2012 1A (Class A1)
	7,500,000		Capital Auto Receivables Asset Trust		0.970		01/22/18		7,518,457
			Series - 2013 1 (Class A4)
	3,500,000		Capital Auto Receivables Asset Trust		1.290		04/20/18		3,512,485
			Series - 2013 1 (Class B)
	10,000,000		Capital Auto Receivables Asset Trust		1.690		10/22/18		10,067,090
			Series - 2014 1 (Class A4)
	1,000,000		CarMax Auto Owner Trust		2.630		11/15/16		1,014,406
			Series - 2011 1 (Class B)
	155,000		CarMax Auto Owner Trust		2.830		02/15/17		157,397
			Series - 2011 1 (Class C)
	5,870,000		CarMax Auto Owner Trust		1.730		02/15/18		5,978,712
			Series - 2012 2 (Class B)
	2,501,436	i,m	CCR, Inc		0.599		07/10/17		2,447,155
			Series - 2010 CX (Class C)
	51,426		Centex Home Equity		5.540		01/25/32		51,368
			Series - 2002 A (Class AF6)
	435,667	i	Centex Home Equity		0.797		03/25/34		401,790
			Series - 2004 B (Class M1)
	293,540	i	Chase Funding Mortgage Loan Asset-Backed Certificates		5.700		02/26/35		224,196
			Series - 2004 2 (Class 1M2)
	8,000,000		Chase Issuance Trust		1.150		01/15/19		8,023,448
			Series - 2014 A1 (Class A)
	12,000,000		CitiBank Credit Card Issuance Trust		1.020		02/22/19		11,993,904
			Series - 2014 A2 (Class A2)
	6,000,000		CNH Equipment Trust		1.550		11/15/17		6,067,944
			Series - 2011 C (Class A4)
	524,833	i	Credit-Based Asset Servicing and Securitization LLC		4.304		08/25/35		531,199
			Series - 2005 CB5 (Class AF2)

188

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	16,941	i	Credit-Based Asset Servicing and Securitization LLC		4.564	%	04/25/37	$	16,962
			Series - 2007 CB4 (Class A2A)
	174,875	i	CSMC Trust		0.462		11/25/35		173,849
			Series - 2006 CF1 (Class A1)
	5,000,000	g	DaimlerChrysler Capital Auto Receivables Trust		1.830		03/15/19		5,042,150
			Series - 2013 AA (Class B)
	6,000,000		Discover Card Execution Note Trust		1.220		10/15/19		6,013,272
			Series - 2014 A3 (Class A3)
	7,710,187		Entergy Louisiana Investment Recovery Funding I LLC		2.040		09/01/23		7,719,724
			Series - 2011 A (Class A1)
	5,000,000		Fifth Third Auto Trust		0.450		04/17/17		4,999,195
			Series - 2014 2 (Class A2A)
	47,644	g,i	Flagstar Home Equity Loan Trust		5.781		01/25/35		47,540
			Series - 2007 1A (Class AF3)
	2,000,000		Ford Credit Auto Owner Trust		2.380		07/15/16		2,031,986
			Series - 2011 A (Class B)
	5,000,000		Ford Credit Auto Owner Trust		1.150		07/15/18		5,006,320
			Series - 2013 A (Class B)
	3,000,000		Ford Credit Auto Owner Trust		1.540		03/15/19		3,015,624
			Series - 2013 D (Class B)
	1,800,000		Ford Credit Floorplan Master Owner Trust		1.490		09/15/19		1,801,429
			Series - 2012 5 (Class A)
	500,000		Ford Credit Floorplan Master Owner Trust A		1.140		06/15/17		502,021
			Series - 2013 3 (Class B)
	1,500,000		Ford Credit Floorplan Master Owner Trust A		1.740		06/15/17		1,509,102
			Series - 2013 3 (Class D)
	5,475,000		Ford Credit Floorplan Master Owner Trust A		1.120		01/15/18		5,496,462
			Series - 2013 1 (Class B)
	6,005,000		Ford Credit Floorplan Master Owner Trust A		1.370		01/15/18		6,037,745
			Series - 2013 1 (Class C)
	2,435,000		GE Capital Credit Card Master Note Trust		4.470		03/15/20		2,629,340
			Series - 2010 2 (Class A)
	2,000,000		GE Capital Credit Card Master Note Trust		1.360		08/17/20		1,991,202
			Series - 2012 6 (Class A)
	1,000,000	g	Hertz Vehicle Financing LLC		4.170		03/25/16		1,013,788
			Series - 2011 1A (Class B1)
	4,230,000	g	Hertz Vehicle Financing LLC		5.290		03/25/16		4,331,795
			Series - 2009 2A (Class A2)
	2,000,000	g	Hertz Vehicle Financing LLC		1.120		08/25/17		2,003,096
			Series - 2013 1A (Class A1)
	3,540,000	g	Hertz Vehicle Financing LLC		3.290		03/25/18		3,712,182
			Series - 2011 1A (Class A2)
	1,000,000	g	Hertz Vehicle Financing LLC		4.960		03/25/18		1,073,862
			Series - 2011 1A (Class B2)
	10,000,000	g	HLSS Servicer Advance Receivables Backed Notes		1.244		01/17/45		10,008,000
			Series - 2014 T1 (Class AT1)
	12,000,000		Honta Auto Receivables Owner Trust		0.770		03/19/18		11,995,140
			Series - 2014 2 (Class A3)
	199,301	i	HSI Asset Securitization Corp Trust		0.512		07/25/35		198,700
			Series - 2005 NC1 (Class 2A3)
	2,000,000		Hyundai Auto Receivables Trust		2.450		04/15/16		2,023,810
			Series - 2011 A (Class B)

189

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	8,000,000		Hyundai Auto Receivables Trust		1.350	%	06/17/19	$	7,990,880
			Series - 2013 A (Class C)
	901,097	i	Lehman XS Trust		0.402		02/25/36		817,275
			Series - 2006 1 (Class 1A1)
	2,000,000	g	MMCA Automobile Trust		2.720		10/17/16		2,027,876
			Series - 2011 A (Class B)
	892,116	i	Morgan Stanley Capital I		0.332		02/25/36		884,670
			Series - 2006 NC2 (Class A2C)
	3,655,000	i	Morgan Stanley Capital I		5.152		08/13/42		3,749,749
			Series - 2005 HQ6 (Class B)
	5,000,000	g	New Residential Advance Receivables Trust Advance Receivables Backed		1.274		03/15/45		5,005,500
			Series - 2014 T1 (Class A1)
	2,947,333	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		0.672		01/25/36		2,927,722
			Series - 2005 WCH1 (Class M2)
	3,000,000	g	Rental Car Finance Corp		2.510		02/25/16		3,025,089
			Series - 2011 1A (Class A1)
	2,000,000	g	Rental Car Finance Corp		4.380		02/25/16		2,030,192
			Series - 2011 1A (Class B1)
	90,319	i	Residential Asset Mortgage Products, Inc		0.452		04/25/35		90,104
			Series - 2005 RZ1 (Class A3)
	122,428		Residential Funding Mortgage Securities II, Inc		5.960		02/25/36		122,554
			Series - 2006 HI3 (Class A3)
	500,000	i	Residential Funding Mortgage Securities II, Inc		6.060		02/25/36		530,080
			Series - 2006 HI1 (Class M2)
	4,734,189		Santander Drive Auto Receivables Trust		2.090		08/15/16		4,751,554
			Series - 2012 2 (Class B)
	3,105,920		Santander Drive Auto Receivables Trust		3.090		05/15/17		3,141,976
			Series - 2011 3 (Class C)
	5,350,000		Santander Drive Auto Receivables Trust 2013-		1.160		01/15/19		5,357,907
			Series - 2013 1 (Class B)
	455,012	i	Saxon Asset Securities Trust		6.120		11/25/30		485,190
			Series - 2002 2 (Class AF6)
	192,996	i	Securitized Asset Backed Receivables LLC		0.452		10/25/35		189,250
			Series - 2006 OP1 (Class A2C)
	1,754,984	g	Sierra Timeshare Receivables Funding LLC		2.840		11/20/28		1,792,253
			Series - 2012 1A (Class A)
	1,275,308	g	Sierra Timeshare Receivables Funding LLC		2.380		03/20/29		1,295,262
			Series - 2012 2A (Class A)
	7,800,000	g	SLM Student Loan Trust		3.480		10/15/30		8,175,890
			Series - 2012 B (Class A2)
	9,000,000	g	SLM Student Loan Trust		3.830		01/17/45		9,479,790
			Series - 2012 A (Class A2)
	213,694	i	Soundview Home Equity Loan Trust		0.452		11/25/35		211,425
			Series - 2005 OPT3 (Class A4)
	597,306	i	Structured Asset Investment Loan Trust		1.212		11/25/34		586,337
			Series - 2004 10 (Class A9)
	97,290	i	Structured Asset Investment Loan Trust		0.752		05/25/35		97,266
			Series - 2005 4 (Class M1)
	2,805,248	g,i	Structured Asset Securities Corp		0.302		07/25/36		2,727,899
			Series - 2006 EQ1A (Class A4)

190

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,487,567	g,i	Structured Asset Securities Corp		0.372	%	10/25/36	$	1,442,206
			Series - 2006 GEL4 (Class A2)
	7,000,000	g	Volvo Financial Equipment LLC		0.970		08/15/19		7,008,673
			Series - 2013 1A (Class A4)
	31,674	i	Wells Fargo Home Equity Trust		0.292		07/25/36		31,425
			Series - 2006 2 (Class A3)
	4,500,000		World Financial Network Credit Card Master Trust		1.680		08/15/18		4,513,257
			Series - 2011 A (Class A)
	2,765,000		World Financial Network Credit Card Master Trust		3.960		04/15/19		2,849,446
			Series - 2010 A (Class A)
	3,000,000		World Financial Network Credit Card Master Trust		5.200		04/15/19		3,109,974
			Series - 2010 A (Class M)
	2,235,000		World Financial Network Credit Card Master Trust		1.760		05/17/21		2,258,043
			Series - 2012 B (Class A)
			TOTAL ASSET BACKED						296,368,299
OTHER MORTGAGE BACKED - 5.0%
	8,750,000	g	Banc of America Commercial Mortgage Trust		5.416		01/15/49		9,210,743
			Series - 2007 1 (Class AM)
	5,000,000	i	Banc of America Commercial Mortgage Trust		5.482		01/15/49		5,300,835
			Series - 2007 1 (Class AMFX)
	2,000,000	i	Banc of America Commercial Mortgage Trust 2006-2		5.954		05/10/45		2,132,884
			Series - 2006 2 (Class AJ)
	550,000		Bear Stearns Commercial Mortgage Securities		5.363		02/11/44		579,506
			Series - 2007 PW15 (Class AM)
	4,955,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		5,462,442
			Series - 2007 C3 (Class AM)
	962,000		Credit Suisse First Boston Mortgage Securities Corp		4.771		07/15/37		987,093
			Series - 2005 C3 (Class AJ)
	7,470,000		Credit Suisse Mortgage Capital Certificates		5.509		09/15/39		8,035,061
			Series - 2006 C4 (Class AM)
	35	i	Greenpoint Mortgage Funding Trust		0.252		09/25/46		35
			Series - 2006 AR4 (Class A1A)
	181	i	Greenpoint Mortgage Funding Trust		0.232		10/25/46		181
			Series - 0 AR5 (Class A1A)
	2,107,123	i	GSR Mortgage Loan Trust		0.342		08/25/46		2,060,283
			Series - 2006 OA1 (Class 2A1)
	477,361	i	Impac CMB Trust		0.812		03/25/35		439,889
			Series - 2004 11 (Class 2A1)
	9,500,708		JP Morgan Chase Commercial Mortgage Securities Trust		5.257		05/15/47		10,075,548
			Series - 2006 LDP9 (Class A1A)
	2,200,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		6.192		02/15/51		2,468,057
			Series - 2007 LD12 (Class AM)
	633,242	i	JP Morgan Mortgage Acquisition Corp		0.250		10/25/36		631,331
			Series - 0 CH2 (Class AV3)
	4,500,000		LB-UBS Commercial Mortgage Trust		4.843		07/15/40		4,621,212
			Series - 2005 C3 (Class AJ)
	500,000	i	Morgan Stanley Capital I Trust 2006-TOP23		5.809		08/12/41		544,902
			Series - 2006 T23 (Class AJ)
	82,264	i	Opteum Mortgage Acceptance Corp		0.552		02/25/35		82,255
			Series - 2005 1 (Class A4)

191

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	139,813		Residential Accredit Loans, Inc		4.350	%	03/25/34	$	143,993
			Series - 2004 QS4 (Class A1)
	566,194		RFMSI Trust		5.500		03/25/35		579,240
			Series - 2005 S2 (Class A6)
	450,682	g,i	Springleaf Mortgage Loan Trust		2.667		09/25/57		459,000
			Series - 2012 1A (Class A)
	280,637	g,i	Springleaf Mortgage Loan Trust		2.220		10/25/57		284,209
			Series - 0 2A (Class A)
	8,735,000		Wachovia Bank Commercial Mortgage Trust		5.383		12/15/43		9,502,038
			Series - 2007 C30 (Class AM)
	1,125,000	i	Wachovia Bank Commercial Mortgage Trust		5.818		05/15/46		1,246,903
			Series - 2007 C34 (Class AM)
	3,560,000	i	Wachovia Bank Commercial Mortgage Trust		5.591		04/15/47		3,899,499
			Series - 2007 C31 (Class AM)
	3,250,000	i	Wachovia Bank Commercial Mortgage Trust		5.953		02/15/51		3,624,397
			Series - 2007 C33 (Class AM)
			TOTAL OTHER MORTGAGE BACKED						72,371,536
			TOTAL STRUCTURED ASSETS						368,739,835
			(Cost $367,332,995)
			TOTAL BONDS						1,327,402,578
			(Cost $1,318,406,559)
SHORT-TERM INVESTMENTS - 0.7%
TREASURY DEBT - 0.7%
	10,000,000		United States Treasury Bill		0.033		12/18/14		9,997,640
			TOTAL TREASURY DEBT						9,997,640
			TOTAL SHORT-TERM INVESTMENTS						9,997,640
			(Cost $9,998,465)
			TOTAL INVESTMENTS - 93.9%						1,363,076,843
			(Cost $1,354,163,909)
			OTHER ASSETS & LIABILITIES, NET - 6.1%						88,914,336
			NET ASSETS - 100.0%					$	1,451,991,179

g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 6/30/2014, the aggregate value of these securities was $312,918,218 or 21.6% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
k	Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index.
m	Indicates a security that has been deemed illiquid.

192

TIAA-CREF FUNDS - Social Choice Bond Fund

TIAA-CREF FUNDS

SOCIAL CHOICE BOND FUND

SCHEDULE OF INVESTMENTS (unaudited)

June 30, 2014

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
BANK LOAN OBLIGATIONS - 1.3%
CONSUMER DURABLES & APPAREL - 0.4%
$	500,000	i	Libbey Glass, Inc		3.750	%	04/09/21	$	499,375
			TOTAL CONSUMER DURABLES & APPAREL						499,375
HEALTH CARE EQUIPMENT & SERVICES - 0.4%
	500,000	i	DaVita HealthCare Partners, Inc		3.500		06/24/21		502,045
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						502,045
	MEDIA - 0.2%
	250,000	i	Virgin Media Investment Holdings Ltd		3.500		06/08/20		249,140
			TOTAL MEDIA						249,140
UTILITIES - 0.3%
	495,830	i	ExGen Renewables I LLC		5.250		02/06/21		502,648
			TOTAL UTILITIES						502,648
			TOTAL BANK LOAN OBLIGATIONS						1,753,208
			(Cost $1,739,236)
BONDS - 93.5%
CORPORATE BONDS - 34.0%
AUTOMOBILES & COMPONENTS - 0.4%
	500,000		Magna International, Inc		3.625		06/15/24		504,045
			TOTAL AUTOMOBILES & COMPONENTS						504,045
BANKS - 7.8%
	250,000	g,i	Bank of Tokyo-Mitsubishi UFJ Ltd		0.677		02/26/16		250,590
	500,000	i	BOKF NA		0.914		05/15/17		497,725
	250,000		Capital One Bank USA NA		1.500		03/22/18		247,669
	250,000	i	Capital One NA		0.680		03/22/16		250,581
	250,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		1.700		03/19/18		250,809
	250,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.950		11/09/22		254,157
	250,000		Discover Bank		2.000		02/21/18		251,489
	500,000		Discover Bank		4.200		08/08/23		527,613
	515,000		First Niagara Financial Group, Inc		6.750		03/19/20		595,303
	500,000		HSBC Holdings plc		4.250		03/14/24		514,563
	500,000		HSBC Holdings plc		5.250		03/14/44		535,400
	250,000		HSBC USA, Inc		1.625		01/16/18		250,560
	500,000		Huntington Bancshares, Inc		2.600		08/02/18		508,478
	500,000		Huntington National Bank		1.350		08/02/16		503,512
	500,000		Huntington National Bank		1.375		04/24/17		501,335
	500,000		Intesa Sanpaolo S.p.A		2.375		01/13/17		507,550

193

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	500,000	g	Intesa Sanpaolo S.p.A		5.017	%	06/26/24	$	505,908
	250,000		Manufacturers & Traders Trust Co		1.450		03/07/18		248,134
	250,000	g	Mizuho Corporate Bank Ltd		1.850		03/21/18		250,987
	507,000		People’s United Financial, Inc		3.650		12/06/22		508,215
	500,000		PNC Bank NA		2.200		01/28/19		504,925
	250,000		Royal Bank of Canada		1.500		01/16/18		250,845
	250,000	g	Skandinaviska Enskilda Banken AB		1.750		03/19/18		249,725
	500,000	g	Skandinaviska Enskilda Banken AB		1.375		05/29/18		496,427
	250,000	i	State Street Bank and Trust Co		0.431		12/08/15		249,852
	260,000		SVB Financial Group		5.375		09/15/20		294,235
	500,000	i	Toronto-Dominion Bank		0.775		04/30/18		503,607
	250,000		US Bancorp		2.950		07/15/22		246,194
			TOTAL BANKS						10,756,388
CAPITAL GOODS - 1.6%
	250,000		Eaton Corp		4.000		11/02/32		250,159
	750,000		Pentair Finance S.A.		1.350		12/01/15		755,809
	250,000		Pentair Finance S.A.		1.875		09/15/17		252,723
	500,000		Pentair Finance S.A.		2.650		12/01/19		501,006
	500,000		Rockwell Collins, Inc		3.700		12/15/23		518,340
			TOTAL CAPITAL GOODS						2,278,037
COMMERCIAL & PROFESSIONAL SERVICES - 0.7%
	500,000		Air Lease Corp		3.875		04/01/21		510,000
	500,000		Waste Management, Inc		3.500		05/15/24		503,004
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						1,013,004
CONSUMER DURABLES & APPAREL - 0.6%
	250,000		Mohawk Industries, Inc		3.850		02/01/23		249,063
	500,000		Whirlpool Corp		5.150		03/01/43		531,944
			TOTAL CONSUMER DURABLES & APPAREL						781,007
CONSUMER SERVICES - 0.6%
	250,000		Service Corp International		5.375		01/15/22		258,750
	500,000	g	Service Corp International		5.375		05/15/24		511,250
			TOTAL CONSUMER SERVICES						770,000
DIVERSIFIED FINANCIALS - 3.4%
	500,000	g,i	Armor Re Ltd		4.020		12/15/16		491,800
	500,000		Bank of America Corp		1.350		11/21/16		501,470
	250,000	i	Bank of New York Mellon Corp		0.785		08/01/18		251,509
	500,000		CIT Group, Inc		3.875		02/19/19		507,800
	500,000	g	EDP Finance BV		5.250		01/14/21		530,000
	500,000	i	Ford Motor Credit Co LLC		1.474		05/09/16		507,369
	500,000		Ford Motor Credit Co LLC		2.375		01/16/18		510,755
	500,000		Legg Mason, Inc		2.700		07/15/19		503,515
	500,000		Legg Mason, Inc		3.950		07/15/24		504,696
	250,000	g	RCI Banque S.A.		3.500		04/03/18		260,633
	108,000		Unilever Capital Corp		0.850		08/02/17		107,147
			TOTAL DIVERSIFIED FINANCIALS						4,676,694

194

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
ENERGY - 2.3%
$	500,000		Cimarex Energy Co		4.375	%	06/01/24	$	509,375
	500,000		Hess Corp		3.500		07/15/24		500,988
	250,000		Noble Holding International Ltd		2.500		03/15/17		255,758
	500,000	g	Northern Natural Gas Co		4.100		09/15/42		473,575
	500,000		Statoil ASA		2.900		11/08/20		514,050
	500,000		Statoil ASA		2.650		01/15/24		480,506
	500,000		Statoil ASA		3.950		05/15/43		482,452
			TOTAL ENERGY						3,216,704
FOOD & STAPLES RETAILING - 0.7%
	500,000		Kroger Co		1.200		10/17/16		501,642
	500,000		Kroger Co		2.300		01/15/19		505,089
			TOTAL FOOD & STAPLES RETAILING						1,006,731
FOOD, BEVERAGE & TOBACCO - 0.4%
	500,000	i	Mondelez International, Inc		0.745		02/01/19		498,880
			TOTAL FOOD, BEVERAGE & TOBACCO						498,880
HEALTH CARE EQUIPMENT & SERVICES - 1.2%
	500,000		Laboratory Corp of America Holdings		2.500		11/01/18		509,487
	500,000	g	LifePoint Hospitals, Inc		5.500		12/01/21		523,750
	500,000		Thermo Fisher Scientific, Inc		4.150		02/01/24		522,876
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						1,556,113
HOUSEHOLD & PERSONAL PRODUCTS - 0.2%
	250,000		Colgate-Palmolive Co		1.950		02/01/23		232,783
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						232,783
INSURANCE - 0.9%
	250,000		Aetna, Inc		1.500		11/15/17		250,947
	250,000	i	Prudential Financial, Inc		5.200		03/15/44		255,000
	500,000	g	Swiss Re Treasury US Corp		2.875		12/06/22		478,561
	250,000	g	Swiss Re Treasury US Corp		4.250		12/06/42		240,811
			TOTAL INSURANCE						1,225,319
MATERIALS - 1.5%
	500,000		Agrium, Inc		3.150		10/01/22		490,144
	500,000		International Paper Co		4.800		06/15/44		503,945
	500,000		Nucor Corp		4.000		08/01/23		518,041
	500,000		Rock Tenn Co		3.500		03/01/20		514,506
			TOTAL MATERIALS						2,026,636
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 3.1%
	250,000		AbbVie, Inc		1.750		11/06/17		251,363
	500,000		Bristol-Myers Squibb Co		3.250		08/01/42		414,177
	500,000		Johnson & Johnson		0.700		11/28/16		500,991
	500,000		Johnson & Johnson		4.375		12/05/33		537,851
	500,000		Johnson & Johnson		4.500		09/01/40		539,049
	500,000		Mead Johnson Nutrition Co		4.600		06/01/44		504,014
	250,000		Merck & Co, Inc		1.100		01/31/18		246,016

195

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	500,000		Merck & Co, Inc		3.600	%	09/15/42	$	448,024
	250,000	g	Valeant Pharmaceuticals International, Inc		6.750		08/15/18		269,375
	500,000	g	Valeant Pharmaceuticals International, Inc		5.625		12/01/21		514,375
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						4,225,235
REAL ESTATE - 3.1%
	500,000		DCT Industrial Operating Partnership LP		4.500		10/15/23		515,116
	500,000		Federal Realty Investment Trust		2.750		06/01/23		478,685
	250,000		HCP, Inc		2.625		02/01/20		250,130
	250,000		Kilroy Realty LP		5.000		11/03/15		263,790
	250,000		Kilroy Realty LP		3.800		01/15/23		252,202
	500,000		Mid-America Apartments LP		4.300		10/15/23		523,400
	500,000		Mid-America Apartments LP		3.750		06/15/24		498,099
	500,000		Regency Centers LP		3.750		06/15/24		501,762
	500,000		Ventas Realty LP		3.125		11/30/15		516,084
	450,000		Washington Real Estate Investment Trust		4.950		10/01/20		488,947
			TOTAL REAL ESTATE						4,288,215
TECHNOLOGY HARDWARE & EQUIPMENT - 0.9%
	250,000		CC Holdings GS V LLC		2.381		12/15/17		254,587
	500,000	i	Hewlett-Packard Co		1.167		01/14/19		503,983
	500,000		Xerox Corp		2.800		05/15/20		499,192
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						1,257,762
TELECOMMUNICATION SERVICES - 1.3%
	500,000		CenturyLink, Inc		6.750		12/01/23		546,250
	500,000	g	Sprint Corp		7.250		09/15/21		551,250
	500,000		Verizon Communications, Inc		1.350		06/09/17		499,833
	250,000		Vodafone Group plc		1.500		02/19/18		248,335
			TOTAL TELECOMMUNICATION SERVICES						1,845,668
TRANSPORTATION - 1.1%
	500,000		GATX Corp		2.500		07/30/19		503,217
	500,000		GATX Corp		5.200		03/15/44		532,852
	500,000		Ryder System, Inc		2.550		06/01/19		506,149
			TOTAL TRANSPORTATION						1,542,218
UTILITIES - 2.2%
	250,000	g	International Transmission Co		4.625		08/15/43		269,520
	125,000		ITC Holdings Corp		5.300		07/01/43		137,658
	500,000		NextEra Energy Capital Holdings, Inc		2.700		09/15/19		509,999
	250,000		NiSource Finance Corp		4.800		02/15/44		252,750
	250,000		Northeast Utilities		1.450		05/01/18		245,500
	250,000		Northern States Power Co		2.600		05/15/23		241,199
	250,000	i	NSTAR Electric Co		0.466		05/17/16		249,685
	500,000		Sempra Energy		3.550		06/15/24		503,500
	250,000	g	Topaz Solar Farms LLC		4.875		09/30/39		255,218
	250,000	g	Topaz Solar Farms LLC		5.750		09/30/39		273,278
			TOTAL UTILITIES						2,938,307
			TOTAL CORPORATE BONDS						46,639,746
			(Cost $45,794,677)

196

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
GOVERNMENT BONDS - 51.5%
AGENCY SECURITIES - 7.2%
$	500,000		Federal Home Loan Mortgage Corp (FHLMC)		1.000	%	09/29/17	$	498,969
	225,000	j	Government Trust Certificate		0.000		04/01/21		183,283
	1,000,000		Hashemite Kingdom of Jordan Government AID Bond		2.503		10/30/20		1,012,776
	500,000		Micron Semiconductor Asia Pte Ltd		1.258		01/15/19		499,930
	250,000	j	Overseas Private Investment Corp (OPIC)		0.000		04/30/15		253,315
	1,000,000	j	OPIC		0.000		11/17/17		1,011,789
	500,000	j	OPIC		0.000		11/13/19		503,104
	235,294		OPIC		3.540		06/15/30		244,104
	246,269		OPIC		3.370		12/15/30		251,934
	500,000		OPIC		3.820		12/20/32		519,178
	250,000		OPIC		3.938		12/20/32		260,302
	500,000		OPIC		3.430		06/01/33		505,128
	1,305,000		United States Department of Housing and Urban Development (HUD)		4.140		08/01/14		1,309,438
	300,000		HUD		2.450		08/01/20		307,271
	250,000		HUD		2.050		08/01/19		254,352
	250,000		HUD		4.870		08/01/19		285,684
	500,000		HUD		2.910		08/01/23		501,657
	250,000		UNM Sandoval Regional Medical Center		4.500		07/20/36		256,710
	500,000		Hashemite Kingdom of Jordan Government AID Bond		1.945		06/23/19		500,944
	500,000		Ukraine Government AID Bonds		1.844		05/16/19		499,436
			TOTAL AGENCY SECURITIES						9,659,304
FOREIGN GOVERNMENT BONDS - 5.0%
	500,000		African Development Bank		0.750		10/18/16		500,970
	500,000	g	Caisse d’Amortissement de la Dette Sociale		3.375		03/20/24		518,370
	225,844	g	Carpintero Finance Ltd		2.004		09/18/24		221,158
	250,000		Council of Europe Development Bank		1.000		03/07/18		247,517
	500,000		European Bank for Reconstruction & Development		1.625		04/10/18		505,625
	500,000		Export Development Canada		0.875		01/30/17		501,120
	250,000		Export-Import Bank of Korea		1.750		02/27/18		248,362
	250,000		Hydro Quebec		1.375		06/19/17		252,112
	500,000	i	International Bank for Reconstruction & Development		0.168		07/22/15		499,683
	500,000		International Bank for Reconstruction & Development		0.375		08/24/15		500,818
	525,000		International Bank for Reconstruction & Development		2.000		10/20/16		541,062
	250,000		International Finance Corp		0.500		05/15/15		250,411
	500,000		International Finance Corp		0.500		05/16/16		499,598
	500,000	g,i	International Finance Facility for Immunisation		0.420		07/05/16		500,100
	500,000	g	Kommunalbanken AS.		0.750		11/21/16		499,058
	250,000		North American Development Bank		2.300		10/10/18		253,710
	500,000		Province of Manitoba Canada		3.050		05/14/24		503,509
	250,000		Province of Ontario Canada		1.200		02/14/18		248,296
			TOTAL FOREIGN GOVERNMENT BONDS						7,291,479
MORTGAGE BACKED - 18.4%
	749,153	h	Federal National Mortgage Assocation (FNMA)		3.000		09/01/42		740,949
	244,744		FNMA		5.000		09/01/25		259,699

197

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	355,623		FNMA		3.500	%	11/01/25	$	378,375
	792,327		FNMA		3.000		05/01/27		824,318
	1,103,312		FNMA		2.500		10/01/27		1,122,300
	1,176,136		FNMA		4.500		08/01/39		1,289,730
	656,286		FNMA		4.500		04/01/40		719,569
	463,899		FNMA		5.500		07/01/40		519,943
	808,756		FNMA		4.000		10/01/40		863,047
	271,447		FNMA		6.000		10/01/40		306,292
	247,308		FNMA		5.000		11/01/40		274,809
	1,004,811		FNMA		3.500		04/01/42		1,035,944
	1,067,142		FNMA		3.500		01/01/43		1,100,207
	2,570,371		FNMA		3.000		08/01/43		2,542,222
	2,226,651	h	FNMA		4.000		11/01/43		2,367,366
	903,075		FNMA		4.000		02/25/44		959,281
	2,638,602		FNMA		4.000		05/01/44		2,804,217
	2,596,252		FNMA		3.500		06/01/44		2,676,696
	998,776		Government National Mortgage Association (GNMA)		3.000		02/20/39		1,029,126
	549,189		GNMA		3.500		08/20/39		569,048
	226,435		GNMA		5.000		10/20/39		251,671
	320,081		GNMA		4.000		06/15/40		342,452
	640,394		GNMA		4.000		05/20/42		686,491
	242,081		GNMA		5.000		06/20/42		268,453
	941,142		GNMA		3.000		02/20/43		952,153
	489,581		GNMA		3.500		07/15/43		510,062
			TOTAL MORTGAGE BACKED						25,394,420
MUNICIPAL BONDS - 8.4%
	250,000		Bay Area Water Supply & Conservation Agency		1.311		10/01/17		248,862
	250,000	g	California Pollution Control Financing Authority		5.000		07/01/27		259,562
	500,000	g	California Pollution Control Financing Authority		5.000		07/01/37		510,300
	250,000		City of Houston TX Utility System Revenue		2.563		05/15/20		252,273
	250,000		City of Houston TX Utility System Revenue		2.923		05/15/21		254,133
	250,000		City of Jersey City NJ		1.192		09/01/15		250,293
	250,000		Commonwealth Financing Authority		2.675		06/01/21		246,527
	500,000		Commonwealth of Massachusetts		5.000		08/01/33		568,795
	250,000		Florida Governmental Utility Authority		2.000		10/01/16		248,282
	500,000		Florida Hurricane Catastrophe Fund Finance Corp		1.298		07/01/16		504,380
	500,000	j	Garden State Preservation Trust		0.000		11/01/22		401,235
	390,000		Guadalupe-Blanco River Authority Industrial Development Corp		1.909		04/15/18		392,359
	500,000		Harris County Flood Control District		0.637		10/01/16		498,610
	250,000		Harris County Flood Control District		1.229		10/01/17		249,840
	250,000		Harris County Flood Control District		1.818		10/01/18		250,950
	200,000		Massachusetts St. Water Pollution Abatement		5.192		08/01/40		225,748
	500,000		Michigan Finance Authority		5.000		07/01/22		568,330
	250,000		New York State Energy Research & Development Authority		1.028		07/01/16		249,475
	250,000		New York State Energy Research & Development Authority		2.772		07/01/20		254,388
	500,000		New York State Environmental Facilities Corp		5.807		06/15/39		597,440
	250,000		Niagara Area Development Corp		4.000		11/01/24		247,383
	170,000		Ohio State Water Development Authority		4.879		12/01/34		187,853
	250,000		Oklahoma Water Resources Board		2.444		04/01/20		252,810
	250,000		Oklahoma Water Resources Board		3.071		04/01/22		254,745

198

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	250,000		Pend Oreille County Public Utility District No Box Canyon		1.987	%	01/01/16	$	250,743
	205,000		Pend Oreille County Public Utility District No Box Canyon		2.417		01/01/17		206,945
	250,000		South Dakota Conservancy District		1.648		08/01/18		250,493
	250,000		State of California		4.988		04/01/39		260,577
	500,000		State of Michigan		3.590		12/01/26		502,745
	500,000	i	University of California		0.651		07/01/41		500,640
	655,000		Washington County Clean Water Services		4.828		10/01/22		742,907
	530,000		Washington County Clean Water Services		5.078		10/01/24		613,592
	250,000		West Virginia Water Development Authority		5.000		11/01/21		295,828
			TOTAL MUNICIPAL BONDS						11,599,043
U.S. TREASURY SECURITIES - 12.5%
	275,000		United States Treasury Bond		2.875		05/15/43		251,281
	5,905,000		United States Treasury Bond		3.625		02/15/44		6,231,617
	215,000		United States Treasury Note		0.250		12/31/15		215,017
	330,000		United States Treasury Note		0.875		06/15/17		330,129
	470,000		United States Treasury Note		1.625		04/30/19		470,881
	4,790,000		United States Treasury Note		1.625		06/30/19		4,790,000
	450,000		United States Treasury Note		1.875		06/30/20		449,578
	4,535,000		United States Treasury Note		2.500		05/15/24		4,528,624
			TOTAL U.S. TREASURY SECURITIES						17,267,127
			TOTAL GOVERNMENT BONDS						71,211,373
			(Cost $70,813,725)
STRUCTURED ASSETS - 8.0%
ASSET BACKED - 3.5%
	250,000		Ally Master Owner Trust		1.720		07/15/19		252,057
			Series - 2012 4 (Class A)
	250,000	g	Avis Budget Rental Car Funding AESOP LLC		6.740		05/20/16		259,169
			Series - 2010 3A (Class B)
	250,000	g	Avis Budget Rental Car Funding AESOP LLC		2.100		03/20/19		252,746
			Series - 2012 3A (Class A)
	500,000	g	Hertz Vehicle Financing LLC		6.440		02/25/19		566,853
			Series - 2010 1A (Class B3)
	500,000	g	HLSS Servicer Advance Receivables Backed Notes		2.286		01/17/45		500,250
			Series - 2014 T1 (Class DT1)
	150,118	i	Lehman XS Trust		0.402		02/25/36		136,153
			Series - 2006 1 (Class 1A1)
	500,000	g	New Residential Advance Receivables Trust Advance Receivables Backed		1.274		03/15/45		500,550
			Series - 2014 T1 (Class A1)
	500,000	g	New Residential Advance Receivables Trust Advance Receivables Backed		2.266		03/15/45		500,250
			Series - 2014 T1 (Class D1)
	200,419	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		0.672		01/25/36		199,085
			Series - 2005 WCH1 (Class M2)
	493,955	g	Solarcity LMC		4.590		04/20/44		509,756
			Series - 2014 1 (Class A)
	148,757	g,i	Structured Asset Securities Corp		0.372		10/25/36		144,221
			Series - 2006 GEL4 (Class A2)

199

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	500,000		Toyota Auto Receivables Owner Trust		0.410	%	08/15/16	$	500,320
			Series - 2014 A (Class A2)
	500,000		Toyota Auto Receivables Owner Trust		0.670		12/15/17		500,354
			Series - 2014 A (Class A3)
			TOTAL ASSET BACKED						4,821,764
OTHER MORTGAGE BACKED - 4.5%
	193,133	g	7 WTC Depositor LLC Trust		4.082		03/13/31		201,422
			Series - 2012 7WTC (Class A)
	500,000	i	Banc of America Commercial Mortgage Trust		5.482		01/15/49		530,083
			Series - 2007 1 (Class AMFX)
	200,000	i	Banc of America Commercial Mortgage Trust 2006-2		5.954		05/10/45		198,407
			Series - 2006 2 (Class C)
	120,000	i	Bear Stearns Commercial Mortgage Securities		6.146		09/11/42		131,484
			Series - 2007 T28 (Class AJ)
	125,000		Bear Stearns Commercial Mortgage Securities		5.363		02/11/44		131,706
			Series - 2007 PW15 (Class AM)
	1,000,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		1,028,085
			Series - 2007 C3 (Class AJ)
	45,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		49,608
			Series - 2007 C3 (Class AM)
	393,114	i	Countrywide Home Loan Mortgage Pass Through Trust		2.524		11/20/34		378,013
			Series - 2004 HYB6 (Class A2)
	210,000		Credit Suisse Mortgage Capital Certificates		5.509		09/15/39		225,885
			Series - 2006 C4 (Class AM)
	79,695	i	Impac CMB Trust		0.812		03/25/35		73,439
			Series - 2004 11 (Class 2A1)
	710,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		6.192		02/15/51		796,509
			Series - 2007 LD12 (Class AM)
	500,000	i	Morgan Stanley Capital I		5.831		06/11/42		548,743
			Series - 2007 T27 (Class AJ)
	250,000	g	OBP Depositor LLC Trust		4.646		07/15/45		278,840
			Series - 2010 OBP (Class A)
	148,998		RFMSI Trust		5.500		03/25/35		152,432
			Series - 2005 S2 (Class A6)
	70,000	i	Wachovia Bank Commercial Mortgage Trust		5.818		05/15/46		77,585
			Series - 2007 C34 (Class AM)
	750,000	i	Wachovia Bank Commercial Mortgage Trust		6.163		05/15/46		788,744
			Series - 2007 C34 (Class AJ)
	610,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		624,574
			Series - 2007 C32 (Class AJ)
			TOTAL OTHER MORTGAGE BACKED						6,215,559
			TOTAL STRUCTURED ASSETS						11,037,323
			(Cost $10,928,661)
			TOTAL BONDS						128,888,442
			(Cost $127,537,063)

200

TIAA-CREF FUNDS - Social Choice Bond Fund

						MATURITY
SHARES		COMPANY	RATE			DATE	VALUE
PREFERRED STOCKS - 0.2%
BANKS - 0.2%
	250	M&T Bank Corp		6.375	%	12/30/49	$	246,875
		TOTAL BANKS						246,875
		TOTAL PREFERRED STOCKS						246,875
		(Cost $255,625)
PRINCIPAL		ISSUER
SHORT-TERM INVESTMENTS - 7.2%
GOVERNMENT AGENCY DEBT - 7.2%
$	10,000,000	Federal Home Loan Bank (FHLB)		0.085		11/12/14		9,997,770
		TOTAL GOVERNMENT AGENCY DEBT						9,997,770
		TOTAL SHORT-TERM INVESTMENTS						9,997,770
		(Cost $9,996,836)
		TOTAL INVESTMENTS - 102.2%						140,886,295
		(Cost $139,528,760)
		OTHER ASSETS & LIABILITIES, NET - (2.2)%						(3,097,901	)
		NET ASSETS - 100.0%					$	137,788,394

g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 6/30/2014, the aggregate value of these securities was $13,619,638 or 9.9% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
j	Zero coupon.

201

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

TIAA-CREF FUNDS

TAX-EXEMPT BOND FUND

SCHEDULE OF INVESTMENTS (unaudited)

June 30, 2014

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
LONG-TERM MUNICIPAL BONDS - 97.7%
ARIZONA - 1.1%
$	2,000,000	City of Tucson AZ, GO		5.000	%	07/01/20	$	2,309,240
	1,365,000	Northern Arizona University		5.000		06/01/40		1,505,117
		TOTAL ARIZONA						3,814,357
CALIFORNIA - 13.0%
	2,325,000	California State Public Works Board		5.000		10/01/23		2,789,279
	3,250,000	California State Public Works Board		5.000		09/01/24		3,910,270
	1,830,000	California State Public Works Board		5.000		10/01/24		2,204,418
	5,000,000	California State Public Works Board		5.000		09/01/39		5,519,350
	1,500,000	California State Public Works Board		5.000		10/01/39		1,651,485
	2,000,000	County of San Bernardino CA, COP		5.250		08/01/19		2,258,680
	1,500,000	San Diego Unified School District		5.000		07/01/22		1,823,520
	2,000,000	San Diego Unified School District		5.000		07/01/23		2,445,580
	1,500,000	San Diego Unified School District		5.000		07/01/24		1,819,440
	1,000,000	State of California		5.000		11/01/37		1,080,180
	5,000,000	State of California, GO		5.000		12/01/17		5,723,400
	2,000,000	State of California, GO		5.000		02/01/22		2,405,880
	2,000,000	State of California, GO		5.000		04/01/22		2,409,320
	2,000,000	State of California, GO		5.250		10/01/22		2,457,580
	1,710,000	West Contra Costa Unified School District, GO		5.700		02/01/21		2,101,675
	1,450,000	West Contra Costa Unified School District, GO		6.000		08/01/21		1,816,850
	1,810,000	West Contra Costa Unified School District, GO		5.700		02/01/22		2,235,676
		TOTAL CALIFORNIA						44,652,583
COLORADO - 1.9%
	1,000,000	Denver City & County School District No 1, GO		5.500		12/01/23		1,256,850
	1,000,000	Denver Health & Hospital Authority		5.000		12/01/39		1,052,090
	1,900,000	Denver Health & Hospital Authority		5.250		12/01/45		2,036,895
	1,600,000	University of Northern Colorado		5.000		06/01/23		1,933,344
		TOTAL COLORADO						6,279,179
CONNECTICUT - 3.4%
	1,020,000	City of Hartford CT		5.000		04/01/25		1,175,836
	1,400,000	Connecticut State Health & Educational Facility Authority		5.000		07/01/22		1,629,054
	1,690,000	Connecticut State Health & Educational Facility Authority		5.000		07/01/29		1,928,256
	1,000,000	State of Connecticut, GO		5.000		05/15/21		1,191,560
	2,000,000	State of Connecticut, GO		5.000		10/15/22		2,406,760
	3,000,000	State of Connecticut, GO		5.000		10/15/23		3,628,890
		TOTAL CONNECTICUT						11,960,356

202

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
FLORIDA - 1.7%
$	3,000,000	City of Orlando FL	5.000	%	11/01/44	$	3,303,150
	1,000,000	County of Orange FL	5.000		10/01/21		1,161,800
	1,225,000	JEA Electric System Revenue	5.000		10/01/21		1,452,593
		TOTAL FLORIDA					5,917,543
GEORGIA - 0.8%
	1,000,000	City of Atlanta Department of Aviation	5.000		01/01/24		1,175,920
	1,470,000	Fulton County Development Authority	5.000		11/01/18		1,688,104
		TOTAL GEORGIA					2,864,024
HAWAII - 0.4%
	1,000,000	State of Hawaii, GO	5.000		12/01/22		1,199,570
		TOTAL HAWAII					1,199,570
ILLINOIS - 13.7%
	2,000,000	Chicago Board of Education	5.000		12/01/20		2,281,720
	1,230,000	Chicago Board of Education, GO	6.000		01/01/20		1,381,450
	1,665,000	Chicago Board of Education, GO	5.000		12/01/21		1,901,397
	1,000,000	Chicago Midway International Airport	5.000		01/01/24		1,170,480
	4,000,000	Chicago Midway International Airport	5.000		01/01/35		4,329,840
	1,000,000	Chicago Public Building Commission	5.250		03/01/24		1,121,440
	2,085,000	Chicago State University	5.500		12/01/23		2,294,834
	1,220,000	Chicago Transit Authority	5.250		12/01/24		1,390,727
	1,000,000	City of Chicago IL Motor Fuel Tax Revenue	5.000		01/01/24		1,130,640
	1,000,000	City of Chicago IL Motor Fuel Tax Revenue	5.000		01/01/29		1,077,530
	500,000	City of Chicago IL Motor Fuel Tax Revenue	5.000		01/01/33		536,315
	1,500,000	County of Cook IL, GO	5.000		11/15/15		1,595,430
	1,000,000	County of Cook IL, GO	5.000		11/15/16		1,100,500
	1,000,000	County of Cook IL, GO	5.000		11/15/17		1,129,250
	1,500,000	County of Cook IL, GO	5.000		11/15/17		1,693,875
	2,000,000	Illinois Finance Authority	5.000		07/01/17		2,258,220
	3,000,000	Illinois Finance Authority	5.000		09/01/42		3,052,440
	1,000,000	Illinois State Toll Highway Authority	5.000		01/01/39		1,096,570
	1,500,000	State of Illinois	5.000		06/15/19		1,740,225
	840,000	State of Illinois	6.250		12/15/20		930,166
	5,000,000	State of Illinois	5.000		04/01/24		5,579,450
	1,000,000	State of Illinois	5.000		05/01/39		1,038,490
	2,045,000	State of Illinois, GO	5.000		01/01/20		2,148,518
	1,000,000	State of Illinois, GO	5.250		01/01/20		1,136,510
	2,500,000	State of Illinois, GO	5.000		02/01/23		2,795,375
	550,000	University of Illinois	5.000		04/01/31		615,665
		TOTAL ILLINOIS					46,527,057
INDIANA - 1.6%
	785,000	Griffith Multi-School Building Corp, GO	5.000		07/15/15		824,046
	2,120,000	Indiana Bond Bank	5.250		04/01/19		2,390,342
	1,940,000	Indianapolis Local Public Improvement Bond Bank	5.500		01/01/21		2,279,267
		TOTAL INDIANA					5,493,655

203

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
KANSAS - 0.3%
$	1,000,000		Wyandotte County-Kansas City Unified Government Utility System Revenue	5.000	%	09/01/22	$	1,180,260
			TOTAL KANSAS					1,180,260
LOUISIANA - 1.1%
	1,000,000		Louisiana Local Government Environmental Facilities & Community Development Authority	5.000		02/01/39		1,093,040
	1,500,000		Louisiana Local Government Environmental Facilities & Community Development Authority	5.000		02/01/44		1,629,525
	1,000,000		Louisiana Public Facilities Authority	5.250		10/01/24		1,152,510
			TOTAL LOUISIANA					3,875,075
MARYLAND - 2.9%
	4,000,000		County of Montgomery MD, GO	5.000		07/01/21		4,843,520
	4,500,000		State of Maryland Department of Transportation	5.000		12/01/17		5,142,870
			TOTAL MARYLAND					9,986,390
MASSACHUSETTS - 4.5%
	1,390,000		Commonwealth of Massachusetts, GO	5.250		08/01/17		1,586,351
	5,260,000		Commonwealth of Massachusetts, GO	5.250		08/01/22		6,476,270
	1,750,000		Massachusetts Development Finance Agency	5.000		07/01/23		2,120,860
	4,230,000		Massachusetts Water Pollution Abatement Trust	5.250		08/01/21		5,195,667
			TOTAL MASSACHUSETTS					15,379,148
MICHIGAN - 1.6%
	1,000,000		Michigan Finance Authority	5.000		10/01/22		1,216,770
	1,005,000		Michigan Municipal Bond Authority	5.000		10/01/19		1,186,754
	1,000,000		Rockford Public Schools	5.000		05/01/26		1,172,820
	1,800,000		Royal Oak Hospital Finance Authority	5.000		09/01/24		2,085,192
			TOTAL MICHIGAN					5,661,536
MINNESOTA - 2.7%
	1,000,000		Minnesota Public Facilities Authority	5.000		03/01/16		1,079,040
	4,000,000		State of Minnesota, GO	5.000		10/01/23		4,917,080
	1,715,000		University of Minnesota	5.000		08/01/21		2,055,462
	1,000,000	h	Western Minnesota Municipal Power Agency	5.000		01/01/22		1,198,600
	250,000	h	Western Minnesota Municipal Power Agency	5.000		01/01/40		278,575
			TOTAL MINNESOTA					9,528,757
MISSOURI - 1.1%
	3,500,000		Health & Educational Facilities Authority of the State of Missouri	5.000		02/01/35		3,690,575
			TOTAL MISSOURI					3,690,575

204

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
NEBRASKA - 0.3%
$	1,000,000	Central Plains Energy Project	5.000	%	09/01/22	$	1,123,760
		TOTAL NEBRASKA					1,123,760
	NEW JERSEY - 1.1%
	2,250,000	New Jersey Building Authority	5.000		06/15/16		2,446,695
	1,025,000	New Jersey Transportation Trust Fund Authority	5.250		12/15/20		1,212,021
		TOTAL NEW JERSEY					3,658,716
NEW YORK - 13.5%
	1,000,000	Metropolitan Transportation Authority	5.000		11/15/20		1,189,670
	1,000,000	Metropolitan Transportation Authority	5.250		11/15/20		1,197,980
	1,000,000	Metropolitan Transportation Authority	5.250		11/15/23		1,210,690
	385,000	Nassau County Local Economic Assistance Corp	5.000		07/01/24		442,812
	500,000	Nassau County Local Economic Assistance Corp	5.000		07/01/32		539,575
	730,000	Nassau County Local Economic Assistance Corp	5.000		07/01/33		783,429
	1,000,000	New York State Dormitory Authority	5.000		07/01/16		1,082,730
	2,250,000	New York State Dormitory Authority	5.000		10/01/17		2,550,487
	5,000,000	New York State Dormitory Authority	5.000		12/15/22		6,048,400
	3,000,000	New York State Dormitory Authority	5.000		03/15/23		3,635,280
	2,000,000	New York State Dormitory Authority	5.500		07/01/23		2,464,300
	1,050,000	New York State Thruway Authority Highway & Bridge Trust Fund	5.000		04/01/16		1,136,562
	2,000,000	New York State Urban Development Corp	5.000		03/15/20		2,365,400
	4,000,000	New York State Urban Development Corp	5.000		03/15/21		4,768,200
	4,000,000	New York State Urban Development Corp	5.000		03/15/23		4,833,000
	2,045,000	New York State Urban Development Corp	5.500		03/15/23		2,541,833
	5,000,000	New York State Urban Development Corp, GO	5.000		03/15/22		6,002,200
	3,000,000	Triborough Bridge & Tunnel Authority	5.000		11/15/22		3,585,480
		TOTAL NEW YORK					46,378,028
NORTH CAROLINA - 0.6%
	2,000,000	North Carolina Medical Care Commission	5.000		06/01/34		2,142,340
		TOTAL NORTH CAROLINA					2,142,340
OHIO - 5.1%
	1,500,000	City of Columbus OH, GO	5.000		07/01/21		1,811,940
	1,500,000	County of Hamilton OH	5.000		02/01/44		1,593,780
	1,000,000	Ohio Air Quality Development Authority	5.625		06/01/18		1,118,100
	1,750,000	Ohio Higher Educational Facility Commission	5.000		12/01/23		2,096,972
	3,000,000	Ohio State Water Development Authority	5.000		06/01/23		3,670,860
	1,660,000	State of Ohio	5.000		01/15/21		1,913,034
	1,000,000	State of Ohio, GO	5.000		08/01/21		1,205,110
	2,000,000	State of Ohio, GO	5.000		06/15/22		2,424,240
	1,000,000	State of Ohio, GO	5.000		09/15/22		1,214,860
		TOTAL OHIO					17,048,896

205

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
RHODE ISLAND - 2.5%
$	5,000,000	Rhode Island Health & Educational Building Corp	5.000	%	09/01/21	$	6,044,250
	2,000,000	State of Rhode Island, GO	5.000		08/01/21		2,382,480
		TOTAL RHODE ISLAND					8,426,730
SOUTH CAROLINA - 0.4%
	1,120,000	Scago Educational Facilities Corp for Colleton School District	5.000		12/01/16		1,229,838
		TOTAL SOUTH CAROLINA					1,229,838
TENNESSEE - 0.7%
	2,130,000	Knox County Health Educational & Housing Facility Board	5.000		01/01/26		2,428,498
		TOTAL TENNESSEE					2,428,498
TEXAS - 9.1%
	1,165,000	City of Frisco TX	5.500		02/15/25		1,346,251
	1,000,000	City of San Antonio TX Water System Revenue	5.000		05/15/23		1,208,290
	1,000,000	City of San Antonio TX Water System Revenue	5.000		05/15/24		1,208,520
	5,000,000	City Public Service Board of San Antonio TX	5.250		02/01/24		6,183,800
	1,175,000	Harris County Cultural Education Facilities Finance Corp	5.000		12/01/24		1,388,392
	2,000,000	Harris County Cultural Education Facilities Finance Corp	5.000		12/01/28		2,303,180
	1,000,000	Metropolitan Transit Authority of Harris County	5.000		11/01/23		1,213,310
	1,000,000	New Hope Cultural Education Facilities Corp	5.000		04/01/29		1,077,470
	1,000,000	New Hope Cultural Education Facilities Corp	5.000		04/01/34		1,049,490
	1,000,000	New Hope Cultural Education Facilities Corp	5.000		04/01/39		1,037,430
	3,250,000	North Texas Municipal Water District	5.250		09/01/23		3,952,910
	1,000,000	State of Texas, GO	5.000		10/01/22		1,202,100
	3,000,000	Tarrant Regional Water District	6.000		09/01/23		3,897,690
	2,000,000	Texas Transportation Commission State Highway Fund	5.000		04/01/24		2,472,860
	1,000,000	Texas Water Development Board	5.000		07/15/16		1,094,770
		TOTAL TEXAS					30,636,463
UTAH - 2.0%
	2,000,000	Intermountain Power Agency	5.000		07/01/16		2,183,420
	1,000,000	State of Utah, GO	5.000		07/01/21		1,214,550
	2,750,000	University of Utah	6.000		08/01/22		3,550,057
		TOTAL UTAH					6,948,027
WASHINGTON - 5.9%
	1,000,000	Energy Northwest	5.000		07/01/23		1,212,820
	1,955,000	Energy Northwest	5.000		07/01/23		2,320,526
	500,000	Energy Northwest	5.000		07/01/24		608,955
	3,150,000	Port of Seattle WA	5.500		09/01/17		3,603,726
	2,000,000	Skagit County Public Hospital District No 1	5.625		12/01/25		2,212,080
	3,000,000	State of Washington, GO	5.250		02/01/22		3,658,800
	5,075,000	State of Washington, GO	5.000		02/01/23		6,118,522
		TOTAL WASHINGTON					19,735,429

206

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
WEST VIRGINIA - 0.5%
$	1,500,000	City of Princeton WV	5.000	%	05/01/21	$	1,664,355
		TOTAL WEST VIRGINIA					1,664,355
WISCONSIN - 4.2%
	5,260,000	State of Wisconsin	5.000		05/01/19		5,715,306
	2,000,000	State of Wisconsin, GO	5.000		05/01/17		2,249,360
	1,000,000	State of Wisconsin, GO	5.000		05/01/21		1,201,860
	3,100,000	Wisconsin Department of Transportation	5.000		07/01/24		3,621,854
	1,100,000	Wisconsin Health & Educational Facilities Authority	5.000		12/01/23		1,293,996
		TOTAL WISCONSIN					14,082,376
		TOTAL LONG-TERM MUNICIPAL BONDS					333,513,521
		(Cost $323,468,877)
		TOTAL INVESTMENTS - 97.7%					333,513,521
		(Cost $323,468,877)
		OTHER ASSETS & LIABILITIES, NET - 2.3%					7,809,964
		NET ASSETS - 100.0%				$	341,323,485

	Abbreviation(s):
COP	Certificate of Participation
GO	General Obligation
h	These securities were purchased on a delayed delivery basis.

207

TIAA-CREF FUNDS - Money Market Fund

TIAA-CREF FUNDS

MONEY MARKET FUND

SCHEDULE OF INVESTMENTS (unaudited)

June 30, 2014

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 100.1%
CERTIFICATE OF DEPOSIT - 6.0%
$	8,000,000		Banco Del Estado de Chile		0.210	%	08/25/14	$	8,000,000
	2,500,000		Banco Del Estado de Chile		0.190		09/22/14		2,500,000
	5,000,000		Banco Del Estado de Chile		0.190		09/24/14		5,000,000
	3,000,000		Bank of Montreal		0.170		08/26/14		3,000,000
	5,000,000		Bank of Montreal		0.170		09/05/14		5,000,000
	8,000,000		Toronto-Dominion Bank		0.150		08/08/14		8,000,000
	7,000,000		Toronto-Dominion Bank		0.130		08/11/14		7,000,000
	6,000,000		Toronto-Dominion Bank		0.110		08/12/14		6,000,000
	6,230,000		Toronto-Dominion Bank		0.150		09/02/14		6,230,000
	250,000		Toronto-Dominion Bank		0.550		09/18/14		250,108
			TOTAL CERTIFICATE OF DEPOSIT						50,980,108
COMMERCIAL PAPER - 48.8%
	5,000,000		American Honda Finance Corp		0.115		07/07/14		4,999,904
	3,100,000		American Honda Finance Corp		0.080		07/08/14		3,099,952
	15,000,000		American Honda Finance Corp		0.090		07/15/14		14,999,514
	2,000,000		American Honda Finance Corp		0.115		08/25/14		1,999,649
	7,750,000	y	Australia & New Zealand Banking Group Ltd		0.150		07/11/14		7,749,681
	5,000,000	y	Australia & New Zealand Banking Group Ltd		0.145		07/23/14		4,999,557
	4,295,000	y	Australia & New Zealand Banking Group Ltd		0.165		09/15/14		4,293,539
	5,000,000	y	Australia & New Zealand Banking Group Ltd		0.167		09/16/14		4,998,214
	5,100,000	y	Australia & New Zealand Banking Group Ltd		0.170		10/07/14		5,097,640
	2,310,000		Bank of Nova Scotia		0.175		07/02/14		2,309,991
	2,500,000		Bank of Nova Scotia		0.150		07/25/14		2,499,750
	5,000,000		Bank of Nova Scotia		0.155		07/29/14		4,999,397
	5,000,000		Bank of Tokyo-Mitsubishi UFJ Ltd		0.110		07/03/14		4,999,969
	12,625,000		Bank of Tokyo-Mitsubishi UFJ Ltd		0.120		07/16/14		12,624,410
	1,250,000	y	Bedford Row Funding Corp		0.210		10/27/14		1,249,140
	3,000,000	y	Bedford Row Funding Corp		0.260		11/03/14		2,997,361
	775,000	y	Coca-Cola Co		0.090		07/07/14		774,988
	3,400,000	y	Coca-Cola Co		0.090		07/17/14		3,399,864
	5,600,000	y	Coca-Cola Co		0.120		08/21/14		5,599,048
	3,000,000	y	Coca-Cola Co		0.110		09/18/14		2,999,276
	4,250,000	y	Coca-Cola Co		0.120		10/03/14		4,248,668
	3,990,000	y	Coca-Cola Co		0.140		10/30/14		3,988,123
	4,500,000	y	Commonwealth Bank of Australia		0.160		07/07/14		4,499,880
	5,000,000	y	Commonwealth Bank of Australia		0.160		07/10/14		4,999,803
	4,475,000	y	Commonwealth Bank of Australia		0.130		08/18/14		4,474,224
	2,280,000	y	DBS Bank Ltd		0.180		07/25/14		2,279,726
	2,300,000	y	DBS Bank Ltd		0.230		07/28/14		2,299,663
	1,000,000	y	DBS Bank Ltd		0.170		08/22/14		999,754
	2,780,000	y	Fairway Finance LLC		0.150		07/02/14		2,779,988
	2,325,000	y	Fairway Finance LLC		0.145		07/21/14		2,324,816
	4,625,000	y	Fairway Finance LLC		0.140		08/05/14		4,624,370

208

TIAA-CREF FUNDS - Money Market Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
$	3,000,000	y	Fairway Finance LLC	0.140	%	08/11/14	$	2,999,522
	2,000,000	y	Fairway Finance LLC	0.180		08/18/14		1,999,520
	2,000,000	y	Fairway Finance LLC	0.180		08/19/14		1,999,510
	4,605,000		General Electric Capital Corp	0.070		07/23/14		4,604,803
	5,000,000		General Electric Capital Corp	0.150		08/15/14		4,999,063
	10,000,000		General Electric Capital Corp	0.130		09/26/14		9,996,931
	5,000,000		General Electric Capital Corp	0.140		09/29/14		4,998,250
	1,000,000	y	Hydro-Quebec	0.070		07/02/14		999,998
	5,000,000	y	Hydro-Quebec	0.100		07/22/14		4,999,708
	5,000,000	y	Hydro-Quebec	0.100		07/29/14		4,999,611
	3,000,000	y	Hydro-Quebec	0.100		09/03/14		2,999,467
	2,800,000	y	International Business Machines Corp	0.095		07/28/14		2,799,800
	3,000,000	y	International Business Machines Corp	0.100		08/01/14		2,999,742
	3,400,000	y	International Business Machines Corp	0.100		09/04/14		3,399,386
	306,000		JPMorgan Chase Bank NA	0.180		07/02/14		305,999
	268,000		JPMorgan Chase Bank NA	0.180		07/28/14		267,964
	428,000		JPMorgan Chase Bank NA	0.210		08/01/14		427,923
	300,000		JPMorgan Chase Bank NA	0.205		08/11/14		299,930
	514,000		JPMorgan Chase Bank NA	0.210		08/18/14		513,856
	290,000		JPMorgan Chase Bank NA	0.210		09/03/14		289,892
	1,100,000	y	Jupiter Securitization Co LLC	0.190		09/12/14		1,099,576
	6,470,000	y	Liberty Street Funding LLC	0.160		07/01/14		6,470,000
	4,500,000	y	Liberty Street Funding LLC	0.175		08/07/14		4,499,191
	1,840,000	y	Liberty Street Funding LLC	0.175		08/08/14		1,839,660
	11,230,000	y	Microsoft Corp	0.100		08/06/14		11,228,889
	10,200,000	y	Microsoft Corp	0.100		08/13/14		10,198,829
	1,500,000	y	National Australia Funding Delaware, Inc	0.150		09/03/14		1,499,600
	6,590,000	y	National Australia Funding Delaware, Inc	0.125		10/01/14		6,587,895
	2,000,000	y	Nestle Capital Corp	0.100		07/17/14		1,999,911
	4,000,000	y	Nestle Capital Corp	0.130		08/06/14		3,999,480
	8,000,000	y	Nestle Capital Corp	0.095		09/10/14		7,998,501
	2,000,000	y	Old Line Funding LLC	0.180		07/09/14		1,999,920
	1,000,000	y	Old Line Funding LLC	0.160		07/17/14		999,929
	2,500,000	y	Old Line Funding LLC	0.170		08/06/14		2,499,575
	5,000,000	y	Old Line Funding LLC	0.170		09/25/14		4,997,969
	2,583,000	y	Old Line Funding LLC	0.170		10/01/14		2,581,878
	1,835,000		PACCAR Financial Corp	0.110		07/14/14		1,834,927
	5,000,000		PACCAR Financial Corp	0.115		09/18/14		4,998,738
	3,350,000	y	Private Export Funding Corp (PEFCO)	0.150		07/14/14		3,349,819
	1,500,000	y	PEFCO	0.140		08/07/14		1,499,784
	4,590,000	y	PEFCO	0.120		09/09/14		4,588,929
	5,000,000	y	Procter & Gamble Co	0.090		07/24/14		4,999,712
	2,000,000	y	Procter & Gamble Co	0.100		08/12/14		1,999,767
	5,000,000	y	Procter & Gamble Co	0.100		09/16/14		4,998,931
	3,964,000		Province of Ontario Canada	0.080		07/07/14		3,963,947
	10,000,000		Province of Ontario Canada	0.110		07/14/14		9,999,657
	2,003,000		Province of Ontario Canada	0.100		07/21/14		2,002,889
	9,300,000		Province of Ontario Canada	0.080		09/02/14		9,298,698
	2,673,000		Province of Ontario Canada	0.095		09/04/14		2,672,541
	5,000,000	y	Province of Quebec Canada	0.075		07/23/14		4,999,771
	2,800,000	y	Province of Quebec Canada	0.100		08/01/14		2,799,759
	6,130,000	y	Province of Quebec Canada	0.105		08/05/14		6,129,399

209

TIAA-CREF FUNDS - Money Market Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
$	2,000,000	y	Province of Quebec Canada	0.085	%	08/12/14	$	1,999,801
	1,500,000	y	PSP Capital, Inc	0.145		07/02/14		1,499,994
	4,000,000	y	PSP Capital, Inc	0.140		07/08/14		3,999,891
	6,800,000	y	PSP Capital, Inc	0.110		07/17/14		6,799,668
	3,417,000	y	PSP Capital, Inc	0.145		09/02/14		3,416,133
	5,000,000	y	PSP Capital, Inc	0.150		09/16/14		4,998,396
	5,000,000	y	PSP Capital, Inc	0.150		09/19/14		4,998,333
	400,000		Rabobank USA Financial Corp	0.200		07/09/14		399,982
	1,000,000		Royal Bank of Canada	0.150		08/04/14		999,858
	3,000,000	y	Thunder Bay Funding LLC	0.180		07/03/14		2,999,970
	750,000	y	Thunder Bay Funding LLC	0.175		09/25/14		749,687
	2,100,000	y	Toronto-Dominion Holdings USA, Inc	0.110		08/05/14		2,099,775
	8,000,000		Toyota Motor Credit Corp	0.100		09/09/14		7,998,445
	5,000,000		Toyota Motor Credit Corp	0.100		09/17/14		4,998,917
	3,275,000		Toyota Motor Credit Corp	0.120		09/24/14		3,274,072
	1,800,000	y	United Overseas Bank Ltd	0.220		07/14/14		1,799,867
	2,000,000	y	United Overseas Bank Ltd	0.200		07/21/14		1,999,778
	5,000,000	y	United Overseas Bank Ltd	0.175		07/22/14		4,999,490
	3,382,000	y	United Overseas Bank Ltd	0.200		08/19/14		3,381,110
	5,436,000	y	United Overseas Bank Ltd	0.140		08/26/14		5,434,816
	500,000	y	United Overseas Bank Ltd	0.250		08/27/14		499,802
	2,000,000	y	United Overseas Bank Ltd	0.215		09/10/14		1,999,152
	4,100,000	y	United Overseas Bank Ltd	0.200		10/10/14		4,097,699
	2,000,000	y	United Overseas Bank Ltd	0.212		10/14/14		1,998,763
	2,600,000		US Bank NA	0.140		07/30/14		2,599,707
			TOTAL COMMERCIAL PAPER					411,791,911
GOVERNMENT AGENCY DEBT - 24.2%
	44,080,000		Federal Home Loan Bank (FHLB)	0.070		07/02/14		44,079,929
	780,000		FHLB	0.075		07/07/14		779,991
	9,310,000		FHLB	0.060		07/09/14		9,309,876
	6,000,000		FHLB	0.050		07/11/14		5,999,917
	8,350,000		FHLB	0.080		07/16/14		8,349,763
	10,937,000		FHLB	0.075		07/18/14		10,936,656
	13,400,000		FHLB	0.092		07/23/14		13,399,255
	9,000,000		FHLB	0.055		07/25/14		8,999,685
	10,743,000		FHLB	0.075		07/30/14		10,742,454
	3,300,000		FHLB	0.055		08/01/14		3,299,844
	1,500,000		FHLB	0.070		08/08/14		1,499,889
	2,500,000		FHLB	0.057		08/15/14		2,499,822
	7,990,000		FHLB	0.060		08/20/14		7,989,348
	7,470,000		FHLB	0.070		08/22/14		7,469,318
	715,000		FHLB	0.080		08/25/14		714,913
	3,000,000		FHLB	0.060		08/27/14		2,999,715
	845,000		FHLB	0.075		08/29/14		844,896
	2,030,000		FHLB	0.060		09/10/14		2,029,760
	5,000,000		FHLB	0.065		09/12/14		4,999,341
	2,000,000		FHLB	0.080		09/19/14		1,999,644
	5,000,000		FHLB	0.076		09/24/14		4,999,103
	810,000		Federal Home Loan Mortgage Corp (FHLMC)	0.055		07/01/14		810,000
	400,000		FHLMC	0.065		07/08/14		399,995
	1,362,000		FHLMC	0.060		08/01/14		1,361,930

210

TIAA-CREF FUNDS - Money Market Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
$	1,390,000		FHLMC	0.060	%	08/13/14	$	1,389,900
	1,900,000		FHLMC	0.070		08/22/14		1,899,808
	7,515,000		FHLMC	0.065		08/26/14		7,514,278
	946,000		FHLMC	0.070		09/24/14		945,844
	195,000		FHLMC	0.085		09/25/14		194,960
	3,000,000		Federal National Mortgage Association (FNMA)	0.075		07/14/14		2,999,919
	6,500,000		FNMA	0.050		07/16/14		6,499,871
	2,869,000		FNMA	0.050		07/28/14		2,868,892
	885,000		FNMA	0.075		07/31/14		884,945
	420,000		FNMA	0.060		08/11/14		419,971
	2,550,000		FNMA	0.055		08/18/14		2,549,815
	5,000,000		FNMA	0.065		08/20/14		4,999,549
	9,300,000		FNMA	0.072		09/08/14		9,298,747
	4,500,000		FNMA	0.070		09/09/14		4,499,387
	445,000		FNMA	0.080		10/01/14		444,909
			TOTAL GOVERNMENT AGENCY DEBT					203,925,839
TREASURY DEBT - 14.5%
	285,000		United States Treasury Bill	0.030		07/03/14		284,999
	7,000,000		United States Treasury Bill	0.053		07/10/14		6,999,935
	4,965,000		United States Treasury Bill	0.077		07/24/14		4,964,810
	6,090,000		United States Treasury Bill	0.025		08/07/14		6,089,845
	6,175,000		United States Treasury Bill	0.045		08/14/14		6,174,740
	7,975,000		United States Treasury Bill	0.095		08/21/14		7,973,961
	8,755,000		United States Treasury Bill	0.040		08/28/14		8,754,560
	2,405,000		United States Treasury Bill	0.060		09/04/14		2,404,841
	2,765,000		United States Treasury Bill	0.030		09/11/14		2,764,834
	3,175,000		United States Treasury Bill	0.090		09/18/14		3,174,805
	5,000,000		United States Treasury Bill	0.021		09/25/14		4,999,749
	2,595,000		United States Treasury Bill	0.028		10/02/14		2,594,816
	1,595,000		United States Treasury Bill	0.035		10/09/14		1,594,845
	2,000,000		United States Treasury Bill	0.041		11/13/14		1,999,693
	7,355,000		United States Treasury Note	0.625		07/15/14		7,356,388
	8,410,000		United States Treasury Note	0.125		07/31/14		8,410,019
	4,620,000		United States Treasury Note	0.500		08/15/14		4,622,092
	2,000,000		United States Treasury Note	0.250		09/15/14		2,000,345
	3,210,000		United States Treasury Note	0.250		09/30/14		3,211,500
	5,000,000		United States Treasury Note	0.500		10/15/14		5,006,430
	5,765,000		United States Treasury Note	0.250		10/31/14		5,767,641
	3,375,000		United States Treasury Note	0.250		11/30/14		3,376,677
	4,940,000		United States Treasury Note	0.250		12/15/14		4,943,130
	1,530,000		United States Treasury Note	0.125		12/31/14		1,530,036
	5,735,000		United States Treasury Note	0.250		01/15/15		5,738,549
	3,885,000		United States Treasury Note	0.250		03/31/15		3,888,832
	1,500,000		United States Treasury Note	0.125		04/30/15		1,500,397
	4,450,000		United States Treasury Note	0.375		06/15/15		4,460,737
			TOTAL TREASURY DEBT					122,589,206
VARIABLE RATE SECURITIES - 6.6%
	6,000,000	i	Federal Farm Credit Bank (FFCB)	0.140		07/01/14		5,995,753
	8,500,000	i	FFCB	0.155		07/01/14		8,498,939
	5,000,000	i	FFCB	0.200		07/01/14		5,001,389

211

TIAA-CREF FUNDS - Money Market Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
$	4,600,000	i	FFCB	0.140	%	10/27/14	$	4,600,000
	8,000,000	i	FFCB	0.105		03/05/15		7,997,572
	4,500,000	i	FFCB	0.165		04/01/15		4,500,340
	5,000,000	i	FFCB	0.180		04/13/15		5,000,000
	5,000,000	i	FFCB	0.180		05/27/15		4,999,528
	4,500,000	i	Federal Home Loan Bank (FHLB)	0.200		07/01/14		4,500,000
	4,500,000	i	FHLB	0.220		07/01/14		4,501,792
			TOTAL VARIABLE RATE SECURITIES					55,595,313
			TOTAL SHORT-TERM INVESTMENTS					844,882,377
			(Cost $844,882,377)
			TOTAL INVESTMENTS- 100.1%					844,882,377
			(Cost $844,882,377)
			OTHER ASSETS & LIABILITIES, NET - (0.1)%					(936,761	)
			NET ASSETS - 100.0%				$	843,945,616

i	Floating or variable rate security. Coupon rate reflects the rate at period end.
y	Security exempt from registration under Section 4(2) of the Securities Act of 1933. Such securities are deemed liquid and may be sold in transactions exempt from registration only to dealers in that program or other “accredited investors.” At 6/30/2014, the aggregate value of these securities was $277,512,386 or 32.9% of net assets.

212

TIAA-CREF FUNDS – Notes to schedules of investments (unaudited)

Note 1—organization and significant accounting policies

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

The Funds offer their shares, without a sales load, through their principal underwriter, Teachers Personal Investors Services, Inc. (“TPIS”), which is a wholly owned indirect subsidiary of Teachers Insurance and Annuity Association of America (“TIAA”). Teachers Advisors, Inc. (“Advisors”), a wholly owned indirect subsidiary of TIAA, is registered with the Commission as an investment adviser and provides investment management services for the Funds. The Funds offer up to four share classes, although any one Fund may not necessarily offer all four classes. The Funds may offer Institutional, Premier, 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.

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

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

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

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

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

Note 2—valuation of investments

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

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

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

213

TIAA-CREF FUNDS – Notes to schedules of investments (unaudited)

• 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.

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

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

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

Short-term investments: Short-term investments with maturities of 60 days or less are valued at amortized cost. Short-term investments (other than those in the Money Market Fund) with maturities in excess of 60 days are valued in the same manner as debt securities. Short-term investments are generally categorized in Level 2 of the fair value hierarchy. Short-term investments in the Money Market Fund are valued at amortized cost. Money Market Fund investments are categorized as Level 2 in the fair value hierarchy.

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

Futures contracts: Stock and bond index futures, which are traded on commodity exchanges, are valued at the last sale price as of the close of such commodity exchanges and are categorized in Level 1 of the fair value hierarchy.

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

Transfers between levels are recognized at the end of the reporting period. For the period ended June 30, 2014, there were no material transfers between levels by the Funds.

214

TIAA-CREF FUNDS – Notes to schedules of investments (unaudited)

As of June 30, 2014, 100% of the value of investments in the Bond Index Fund, Inflation-Linked Bond Fund, Tax-Exempt Bond Fund, and Money Market Fund were valued based on Level 2 inputs.

The following table summarizes the market value of the Funds’ investments as of June 30, 2014 based on the inputs used to value them:

Fund	Level 1			Level 2		Level 3		Total
Real Estate Securities
Equity investments:
Diversified real estate activities	$	-		$	6,784,430	$	-	$	6,784,430
Diversified REITs		138,396,750			5,803,523		-		144,200,273
All other equity investments*		1,379,526,100			-		-		1,379,526,100
Total	$	1,517,922,850		$	12,587,953	$	-	$	1,530,510,803
Bond
Bank loan obligations	$	-		$	16,128,897	$	-	$	16,128,897
Corporate bonds		-			892,738,423		-		892,738,423
Government bonds		-			1,020,832,372		-		1,020,832,372
Structured assets		-			422,105,184		2,447,155		424,552,339
Short-term investments		-			484,162,408		-		484,162,408
Total	$	-		$	2,835,967,284	$	2,447,155	$	2,838,414,439
Bond Plus
Bank loan obligations	$	-		$	106,358,102	$	-	$	106,358,102
Corporate bonds		-			968,120,335		-		968,120,335
Government bonds		-			943,917,929		-		943,917,929
Structured assets		-			229,669,976		3,058,943		232,728,919
Short-term investments		-			427,135,203		-		427,135,203
Total	$	-		$	2,675,201,545	$	3,058,943	$	2,678,260,488
High-Yield
Bank loan obligations	$	-		$	586,952,088	$	-	$	586,952,088
Corporate bonds		-			2,410,438,702		-		2,410,438,702
Preferred stocks		4,505,400			-		-		4,505,400
Short-term investments		-			98,439,305		-		98,439,305
Total	$	4,505,400		$	3,095,830,095	$	-	$	3,100,335,495
Short-Term Bond
Bank loan obligations	$	-		$	25,676,625	$	-	$	25,676,625
Corporate bonds		-			508,100,531		-		508,100,531
Government bonds		-			450,562,212		-		450,562,212
Structured assets		-			366,292,680		2,447,155		368,739,835
Short-term investments		-			9,997,640		-		9,997,640
Futures**		(263,436	)		-		-		(263,436	)
Total	$	(263,436	)	$	1,360,629,688	$	2,447,155	$	1,362,813,407
Social Choice Bond
Bank loan obligations	$	-		$	1,753,208	$	-	$	1,753,208
Corporate bonds		-			46,639,746		-		46,639,746
Government bonds		-			71,211,373		-		71,211,373
Structured assets		-			11,037,323		-		11,037,323
Preferred stocks		246,875			-		-		246,875
Short-term investments		-			9,997,770		-		9,997,770
Total	$	246,875		$	140,639,420	$	-	$	140,886,295

   *For detailed categories, see the accompanying schedule of investments.

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

215

TIAA-CREF FUNDS – Notes to schedules of investments (unaudited)

Note 3—derivative instruments

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

Futures contracts: The Funds are subject to interest rate risk in the normal course of pursuing their investment objectives. The Funds may use futures contracts to manage exposure to the bond markets and to fluctuations in interest rates. Buying futures contracts tends to increase exposure to the underlying instrument/index, while selling futures contracts tends to decrease exposure to the underlying instrument/index or hedge other investments. Initial margin deposits are made upon entering into a futures contract, and variation margin payments are made or received reflecting daily changes in the value of the futures contracts. Daily changes in the value of such contracts are reflected in net unrealized gains and losses. Gains or losses are realized upon the expiration or closing of the futures contracts or if the counterparties do not perform in accordance with contractual provisions. With futures, there is minimal counterparty credit risk to the Funds since futures are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded funds, guarantees the futures against default.

At June 30, 2014, the Short-Term Bond Fund held the following open futures contracts:
	Number of contracts	Settlement value	Expiration date	Unrealized gain (loss)
US 5 Year Note (CBT)	400	$  (47,784,375)	9/30/14	$   (263,436)

Note 4—investments

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

216

TIAA-CREF FUNDS – Notes to schedules of investments (unaudited)

obligation, the Fund maintains the right to sell the underlying securities at market value and pursue a claim for any remaining loss against the seller.

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

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

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

Net unrealized appreciation (depreciation): At June 30, 2014, net unrealized appreciation (depreciation) based on the aggregate cost of portfolio investments for federal income tax purposes, consisting of gross unrealized appreciation and gross unrealized depreciation, was as follows:

Fund	Book cost		Gross unrealized appreciation		Gross unrealized (depreciation)			Net unrealized appreciation (depreciation)
Real Estate Securities	$	1,214,644,944	$	323,083,737	$	(7,217,878	)	$	315,865,859
Bond		2,785,748,417		56,710,103		(4,044,081	)		52,666,022
Bond Index		5,206,060,878		101,309,465		(27,569,937	)		73,739,528
Bond Plus		2,625,266,016		57,755,388		(4,760,916	)		52,994,472
High-Yield		2,984,747,509		123,081,865		(7,493,879	)		115,587,986
Inflation-Linked Bond		1,818,131,398		107,963,149		(18,750,684	)		89,212,465
Short-Term Bond		1,354,163,909		9,941,700		(1,028,766	)		8,912,934
Social Choice Bond		139,528,760		1,667,130		(309,595	)		1,357,535
Tax-Exempt Bond		323,468,877		10,241,135		(196,491	)		10,044,644

217

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:  August 13, 2014	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:  August 13, 2014	By:	/s/Robert G. Leary
		Robert G. Leary
		President and Principal Executive Officer
		(principal executive officer)
Date:  August 13, 2014	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