N-Q 1 c80424_nq.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number   File No. 811-09301

 

TIAA-CREF FUNDS

(Exact name of Registrant as specified in charter)

 

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

(Address of Principal Executive Offices) (Zip code)

 

Jeremy D. Franklin, 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: October 31

 

Date of reporting period: January 31, 2015

 

Item 1. Schedule of Investments.

 

TIAA-CREF FUNDS - Enhanced Large-Cap Growth Index Fund

 

TIAA-CREF FUNDS

ENHANCED LARGE-CAP GROWTH INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

SHARES     COMPANY  VALUE 
             
COMMON STOCKS - 99.6%     
             
AUTOMOBILES & COMPONENTS - 0.4%     
 27,451     Lear Corp  $2,754,708 
 23,243   *,e  Tesla Motors, Inc   4,732,275 
       TOTAL AUTOMOBILES & COMPONENTS   7,486,983 
             
BANKS - 0.5%     
 37,316  *  Signature Bank   4,370,823 
 42,500  *  SVB Financial Group   4,798,250 
       TOTAL BANKS   9,169,073 
             
CAPITAL GOODS - 7.8%     
 137,203     3M Co   22,268,047 
 25,400     Acuity Brands, Inc   3,807,206 
 224,873     Allison Transmission Holdings, Inc   7,043,022 
 78,107     Boeing Co   11,354,415 
 7,200     Cummins, Inc   1,004,112 
 42,900     Danaher Corp   3,534,102 
 73,583     Honeywell International, Inc   7,193,474 
 59,055     Huntington Ingalls   6,885,813 
 69,358     Lockheed Martin Corp   13,064,966 
 79,100     Pall Corp   7,653,716 
 45,100     Parker Hannifin Corp   5,252,346 
 88,771     Rockwell Automation, Inc   9,668,937 
 29,402     Roper Industries, Inc   4,537,905 
 44,293     Snap-On, Inc   5,878,124 
 24,000   *,e  SolarCity Corp   1,166,640 
 146,649  *  Spirit Aerosystems Holdings, Inc (Class A)   6,605,071 
 181,100     Trinity Industries, Inc   4,793,717 
 77,802  *  WABCO Holdings, Inc   7,404,416 
 90,717     Westinghouse Air Brake Technologies Corp   7,570,334 
 72,500     Xylem, Inc   2,472,250 
       TOTAL CAPITAL GOODS   139,158,613 
             
COMMERCIAL & PROFESSIONAL SERVICES - 0.6%     
 101,037     Cintas Corp   7,951,612 
 69,000     KAR Auction Services, Inc   2,353,590 
 55,756     Pitney Bowes, Inc   1,337,029 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   11,642,231 
             
CONSUMER DURABLES & APPAREL - 1.4%     
 18,000  *  Fossil Group, Inc   1,760,400 
 58,701     Harman International Industries, Inc   7,609,410 
 78,758  *  Kate Spade & Co   2,483,240 
 67,900  *  Michael Kors Holdings Ltd   4,806,641 
 56,500     Nike, Inc (Class B)   5,212,125 
1

TIAA-CREF FUNDS - Enhanced Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
             
 2,038  *  NVR, Inc  $2,556,121 
       TOTAL CONSUMER DURABLES & APPAREL   24,427,937 
             
CONSUMER SERVICES - 2.4%     
 9,009  *  Chipotle Mexican Grill, Inc (Class A)   6,394,949 
 84,100     H&R Block, Inc   2,882,948 
 262,560  *  Hilton Worldwide Holdings, Inc   6,818,683 
 96,709  *  Hyatt Hotels Corp   5,440,849 
 37,417     Las Vegas Sands Corp   2,034,362 
 101,548     McDonald’s Corp   9,387,097 
 112,536     Starbucks Corp   9,850,276 
       TOTAL CONSUMER SERVICES   42,809,164 
             
DIVERSIFIED FINANCIALS - 3.2%     
 33,000  *  Affiliated Managers Group, Inc   6,782,160 
 89,779     American Express Co   7,244,268 
 64,675     Ameriprise Financial, Inc   8,080,495 
 29,607     IntercontinentalExchange Group, Inc   6,091,048 
 42,689     Lazard Ltd (Class A)   1,955,156 
 40,400     Legg Mason, Inc   2,239,776 
 100,407     McGraw-Hill Financial, Inc   8,980,402 
 126,867     SEI Investments Co   5,096,247 
 157,991  *  Synchrony Financial   4,875,602 
 167,500     TD Ameritrade Holding Corp   5,425,325 
       TOTAL DIVERSIFIED FINANCIALS   56,770,479 
             
ENERGY - 3.8%     
 95,500  *  Cheniere Energy, Inc   6,816,790 
 28,400  *  Diamondback Energy, Inc   1,959,316 
 143,734     EOG Resources, Inc   12,796,638 
 31,100     Halliburton Co   1,243,689 
 48,750     Marathon Petroleum Corp   4,513,762 
 47,500     National Oilwell Varco, Inc   2,585,425 
 33,500     Oceaneering International, Inc   1,754,060 
 260,820     Schlumberger Ltd   21,488,960 
 137,800  *  Southwestern Energy Co   3,416,062 
 94,400     Superior Energy Services   1,888,000 
 67,716     Tesoro Corp   5,534,429 
 89,300     Valero Energy Corp   4,722,184 
       TOTAL ENERGY   68,719,315 
             
FOOD & STAPLES RETAILING - 2.7%     
 95,400     Costco Wholesale Corp   13,641,246 
 94,638     CVS Corp   9,289,666 
 85,256     Kroger Co   5,886,927 
 518,000  *  Rite Aid Corp   3,615,640 
 205,276     Walgreens Boots Alliance, Inc   15,139,105 
       TOTAL FOOD & STAPLES RETAILING   47,572,584 
             
FOOD, BEVERAGE & TOBACCO - 6.5%     
 207,758     Altria Group, Inc   11,031,950 
2

TIAA-CREF FUNDS - Enhanced Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
             
 134,237     Archer Daniels Midland Co  $6,259,471 
 533,179     Coca-Cola Co   21,950,979 
 161,586     Coca-Cola Enterprises, Inc   6,802,771 
 48,588  *  Constellation Brands, Inc (Class A)   5,366,545 
 130,339     Dr Pepper Snapple Group, Inc   10,071,295 
 21,000     Keurig Green Mountain, Inc   2,573,760 
 13,500     Kraft Foods Group, Inc   882,090 
 177,500     Mondelez International, Inc   6,255,100 
 69,970  *  Monster Beverage Corp   8,182,991 
 295,572     PepsiCo, Inc   27,718,742 
 84,343     Philip Morris International, Inc   6,767,682 
 73,900  e  Pilgrim’s Pride Corp   2,006,385 
       TOTAL FOOD, BEVERAGE & TOBACCO   115,869,761 
             
HEALTH CARE EQUIPMENT & SERVICES - 4.0%     
 38,825  *  Align Technology, Inc   2,059,666 
 57,000     AmerisourceBergen Corp   5,417,850 
 55,805     Bard (C.R.), Inc   9,544,329 
 17,600     Baxter International, Inc   1,237,456 
 64,338     Becton Dickinson & Co   8,883,791 
 58,350     Cardinal Health, Inc   4,854,136 
 35,000  *  Catamaran Corp   1,746,850 
 80,900  *  Centene Corp   8,831,044 
 72,955  *  Edwards Lifesciences Corp   9,144,909 
 45,000  *  Express Scripts Holding Co   3,631,950 
 23,587  *  Idexx Laboratories, Inc   3,736,653 
 9,800  *  Intuitive Surgical, Inc   4,845,904 
 19,278     McKesson Corp   4,099,467 
 55,700  e  Resmed, Inc   3,479,579 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   71,513,584 
             
HOUSEHOLD & PERSONAL PRODUCTS - 0.8%     
 108,416     Colgate-Palmolive Co   7,320,248 
 104,700     Coty, Inc   1,991,394 
 72,471     Estee Lauder Cos (Class A)   5,115,728 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   14,427,370 
             
MATERIALS - 2.8%     
 585     Ball Corp   37,048 
 115,903  *  Crown Holdings, Inc   5,135,662 
 81,600     Dow Chemical Co   3,685,056 
 73,355     Du Pont (E.I.) de Nemours & Co   5,223,610 
 88,400     Eastman Chemical Co   6,266,676 
 17,200     Ecolab, Inc   1,784,844 
 99,464     LyondellBasell Industries AF S.C.A   7,866,608 
 47,800     Monsanto Co   5,639,444 
 11,580     PPG Industries, Inc   2,580,950 
 7,100     Praxair, Inc   856,189 
 13,124     Sherwin-Williams Co   3,560,147 
 122,500  e  Southern Copper Corp (NY)   3,341,800 
 62,150     Westlake Chemical Corp   3,561,817 
       TOTAL MATERIALS   49,539,851 
3

TIAA-CREF FUNDS - Enhanced Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
             
MEDIA - 5.6%     
 477,488     Comcast Corp (Class A)  $25,376,100 
 147,715  *  DIRECTV   12,597,135 
 141,000  *  Discovery Communications, Inc (Class A)   4,086,885 
 82,200  *  Discovery Communications, Inc (Class C)   2,291,736 
 106,881  *  DISH Network Corp (Class A)   7,519,078 
 88,900     Lions Gate Entertainment Corp   2,554,097 
 1,881,800  *  Sirius XM Holdings, Inc   6,680,390 
 64,100  *  Starz-Liberty Capital   1,892,232 
 68,100     Twenty-First Century Fox, Inc   2,258,196 
 126,502     Viacom, Inc (Class B)   8,149,259 
 299,136     Walt Disney Co   27,209,411 
       TOTAL MEDIA   100,614,519 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 11.3%     
 303,231     AbbVie, Inc   18,299,991 
 56,812  *  Actavis plc   15,142,670 
 38,910  *  Alexion Pharmaceuticals, Inc   7,129,868 
 71,951  *  Alkermes plc   5,198,460 
 58,224     Allergan, Inc   12,766,194 
 136,782     Amgen, Inc   20,826,427 
 48,738  *  Biogen Idec, Inc   18,966,880 
 63,800  *  BioMarin Pharmaceuticals, Inc   6,198,808 
 40,129     Bristol-Myers Squibb Co   2,418,575 
 75,200  *  Bruker BioSciences Corp   1,418,272 
 177,935  *  Celgene Corp   21,202,735 
 27,600  *  Endo International plc   2,197,236 
 250,979  *  Gilead Sciences, Inc   26,310,129 
 32,485  *  Illumina, Inc   6,340,747 
 24,000  *  Jazz Pharmaceuticals plc   4,064,160 
 17,800     Johnson & Johnson   1,782,492 
 159,500     Merck & Co, Inc   9,614,660 
 100,163  *  Mylan Laboratories, Inc   5,323,664 
 31,600     Perrigo Co plc   4,794,984 
 8,700  *  Regeneron Pharmaceuticals, Inc   3,624,942 
 18,900  *  Vertex Pharmaceuticals, Inc   2,081,646 
 55,900  *  Waters Corp   6,654,895 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   202,358,435 
             
REAL ESTATE - 3.2%     
 226,150  *  CBRE Group, Inc   7,313,691 
 105,600     Crown Castle International Corp   9,135,456 
 84,900     Equity Lifestyle Properties, Inc   4,646,577 
 54,600     Extra Space Storage, Inc   3,603,600 
 37,650     Jones Lang LaSalle, Inc   5,537,562 
 210,996     NorthStar Realty Finance Corp   3,989,934 
 46,500     Public Storage, Inc   9,339,060 
 67,747     Simon Property Group, Inc   13,458,619 
       TOTAL REAL ESTATE   57,024,499 
4

TIAA-CREF FUNDS - Enhanced Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
RETAILING - 8.6%     
 7,200     Advance Auto Parts, Inc  $1,144,800 
 46,453  *  Amazon.com, Inc   16,468,982 
 49,456  *  Autonation, Inc   2,948,567 
 88,100  *  Bed Bath & Beyond, Inc   6,587,237 
 145,800     Best Buy Co, Inc   5,132,160 
 48,500     Big Lots, Inc   2,226,635 
 19,900     Dillard’s, Inc (Class A)   2,260,640 
 53,700  *  Dollar General Corp   3,601,122 
 70,452  *  Dollar Tree, Inc   5,009,137 
 83,400     Expedia, Inc   7,166,562 
 104,527     Foot Locker, Inc   5,562,927 
 173,246     Home Depot, Inc   18,090,347 
 68,700     Kohl’s Corp   4,102,764 
 53,400     L Brands, Inc   4,519,242 
 19,123  *  Liberty Ventures   714,244 
 264,986     Lowe’s Companies, Inc   17,955,452 
 68,042     Macy’s, Inc   4,346,523 
 51,900  *  Murphy USA, Inc   3,623,139 
 6,784  *  NetFlix, Inc   2,997,171 
 11,281  *  O’Reilly Automotive, Inc   2,113,608 
 11,610  *  Priceline.com, Inc   11,720,063 
 90,255     Ross Stores, Inc   8,277,286 
 162,914     TJX Companies, Inc   10,742,549 
 21,900  *  TripAdvisor, Inc   1,467,519 
 39,500  *  Ulta Salon Cosmetics & Fragrance, Inc   5,211,630 
       TOTAL RETAILING   153,990,306 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.2%     
 78,800     Altera Corp   2,594,490 
 76,300     Applied Materials, Inc   1,742,692 
 17,200     Avago Technologies Ltd   1,769,536 
 61,325     Lam Research Corp   4,687,683 
 304,300     Marvell Technology Group Ltd   4,713,607 
 333,514  *  Micron Technology, Inc   9,760,287 
 216,600     Nvidia Corp   4,159,803 
 348,000  *  ON Semiconductor Corp   3,483,480 
 78,400  *,e  SunEdison, Inc   1,468,432 
 89,538     Texas Instruments, Inc   4,785,806 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   39,165,816 
             
SOFTWARE & SERVICES - 16.5%     
 60,015     Accenture plc   5,043,060 
 20,100  *  Adobe Systems, Inc   1,409,613 
 59,100  *  AOL, Inc   2,556,075 
 10,500     Automatic Data Processing, Inc   866,565 
 71,903  *  Citrix Systems, Inc   4,260,972 
 207,800  *  Cognizant Technology Solutions Corp (Class A)   11,248,214 
 78,125     Computer Sciences Corp   4,740,625 
 288,711  *  eBay, Inc   15,301,683 
 165,807  *  Electronic Arts, Inc   9,096,172 
 320,266  *  Facebook, Inc   24,311,392 
 21,609  *  FleetCor Technologies, Inc   3,036,065 
5

TIAA-CREF FUNDS - Enhanced Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
             
 62,475  *  Google, Inc  $33,394,137 
 49,642  *  Google, Inc (Class A)   26,685,057 
 154,028     International Business Machines Corp   23,614,033 
 12,862  *  LinkedIn Corp   2,890,606 
 103,900     Mastercard, Inc (Class A)   8,522,917 
 978,255     Microsoft Corp   39,521,502 
 663,576     Oracle Corp   27,797,199 
 74,721  *  PTC, Inc   2,496,429 
 91,183  *  Salesforce.com, Inc   5,147,280 
 116,285  *  Take-Two Interactive Software, Inc   3,455,990 
 95,100  *  Vantiv, Inc   3,270,489 
 105,221     Visa, Inc (Class A)   26,821,885 
 70,114  *  VMware, Inc (Class A)   5,405,789 
 107,500  *  Yahoo!, Inc   4,728,925 
       TOTAL SOFTWARE & SERVICES   295,622,674 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 9.1%     
 1,069,502     Apple, Inc   125,302,854 
 322,429     Corning, Inc   7,664,137 
 161,200     EMC Corp   4,179,916 
 53,032  *  F5 Networks, Inc   5,919,432 
 153,100     NetApp, Inc   5,787,180 
 214,564     Qualcomm, Inc   13,401,668 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   162,255,187 
             
TELECOMMUNICATION SERVICES - 2.2%     
 56,700  *  SBA Communications Corp (Class A)   6,616,890 
 717,529     Verizon Communications, Inc   32,798,251 
       TOTAL TELECOMMUNICATION SERVICES   39,415,141 
             
TRANSPORTATION - 3.4%     
 79,100     Alaska Air Group, Inc   5,368,517 
 26,100     American Airlines Group, Inc   1,280,988 
 109,491     CH Robinson Worldwide, Inc   7,797,949 
 150,408     Delta Air Lines, Inc   7,115,803 
 129,300     Expeditors International of Washington, Inc   5,647,824 
 64,900  *  Kirby Corp   4,704,601 
 193,500     Southwest Airlines Co   8,742,330 
 20,000  *  UAL Corp   1,387,400 
 105,191     Union Pacific Corp   12,329,437 
 62,161     United Parcel Service, Inc (Class B)   6,143,993 
       TOTAL TRANSPORTATION   60,518,842 
             
UTILITIES - 0.6%     
 303,838  *  Calpine Corp   6,344,137 
 61,600     Dominion Resources, Inc   4,736,424 
       TOTAL UTILITIES   11,080,561 
             
       TOTAL COMMON STOCKS   1,781,152,925 
       (Cost $1,504,531,571)     
6

TIAA-CREF FUNDS - Enhanced Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
              
SHORT-TERM INVESTMENTS - 0.9%      
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.9%      
 16,075,970  c  TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		  $16,075,970 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   16,075,970 
       TOTAL SHORT-TERM INVESTMENTS  $16,075,970 
       (Cost $16,075,970)     
             
       TOTAL INVESTMENTS - 100.5%   1,797,228,895 
       (Cost $1,520,607,541)     
       OTHER ASSETS & LIABILITIES, NET - (0.5)%   (8,907,021)
       NET ASSETS - 100.0%  $1,788,321,874 
     
     
    *   Non-income producing.
    c   Investments made with cash collateral received from securities on loan.
    e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $15,530,569.
7

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

TIAA-CREF FUNDS

ENHANCED LARGE-CAP VALUE INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

SHARES     COMPANY  VALUE 
             
COMMON STOCKS - 99.8%     
             
AUTOMOBILES & COMPONENTS - 0.6%     
 257,000     Ford Motor Co  $3,780,470 
 46,575     Johnson Controls, Inc   2,164,340 
 28,390     Lear Corp   2,848,937 
 18,890  *  TRW Automotive Holdings Corp   1,948,881 
       TOTAL AUTOMOBILES & COMPONENTS   10,742,628 
             
BANKS - 10.3%     
 128,000     Associated Banc-Corp   2,151,680 
 1,427,724     Bank of America Corp   21,630,019 
 515,000     Citigroup, Inc   24,179,250 
 7,500     Citizens Financial Group, Inc   179,250 
 119,839     East West Bancorp, Inc   4,335,775 
 193,000     First Horizon National Corp   2,507,070 
 24,224     First Republic Bank   1,233,486 
 348,450     Huntington Bancshares, Inc   3,491,469 
 671,800     JPMorgan Chase & Co   36,532,484 
 77,724     Keycorp   1,009,635 
 63,800     PacWest Bancorp   2,727,769 
 65,300     PNC Financial Services Group, Inc   5,520,462 
 22,380  *  Signature Bank   2,621,369 
 136,000     SunTrust Banks, Inc   5,225,120 
 38,900  *  SVB Financial Group   4,391,810 
 105,000     Synovus Financial Corp   2,705,850 
 84,224     US Bancorp   3,529,828 
 975,400     Wells Fargo & Co   50,642,768 
       TOTAL BANKS   174,615,094 
             
CAPITAL GOODS - 5.9%     
 160,000  *  Aecom Technology Corp   4,067,200 
 33,900     Allegion plc   1,830,939 
 83,800     Caterpillar, Inc   6,701,486 
 41,390  p  Cummins, Inc   5,772,250 
 37,553     Danaher Corp   3,093,616 
 35,000     Eaton Corp   2,208,150 
 33,000     Exelis, Inc   564,630 
 64,890     General Dynamics Corp   8,643,997 
 1,235,724     General Electric Co   29,521,446 
 16,800     Huntington Ingalls   1,958,880 
 57,775     Northrop Grumman Corp   9,067,786 
 50,000     Owens Corning, Inc   2,002,500 
 12,000     Parker Hannifin Corp   1,397,520 
 33,224     Raytheon Co   3,324,061 
 9,500     Roper Industries, Inc   1,466,230 
 28,189     Snap-On, Inc   3,740,962 
8

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
             
 41,800     Stanley Works  $3,914,570 
 47,500     Textron, Inc   2,021,600 
 113,000     Trinity Industries, Inc   2,991,110 
 57,742     United Technologies Corp   6,627,627 
       TOTAL CAPITAL GOODS   100,916,560 
             
COMMERCIAL & PROFESSIONAL SERVICES - 0.2%     
 3,500     Cintas Corp   275,450 
 19,900     Corrections Corp of America   782,468 
 45,000     Republic Services, Inc   1,785,600 
 24,424     Waste Management, Inc   1,256,126 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   4,099,644 
             
CONSUMER DURABLES & APPAREL - 1.9%     
 50,000  *,p  GoPro, Inc   2,487,500 
 60,390     Hanesbrands, Inc   6,726,238 
 26,189     Harman International Industries, Inc   3,394,880 
 129,390  *  Jarden Corp   6,213,308 
 47,540  *  Michael Kors Holdings Ltd   3,365,357 
 6,500  *  Mohawk Industries, Inc   1,072,760 
 20,000     Newell Rubbermaid, Inc   737,400 
 150,000  *  Taylor Morrison Home Corp   2,665,500 
 14,224  *  Toll Brothers, Inc   492,435 
 21,800     Whirlpool Corp   4,339,944 
       TOTAL CONSUMER DURABLES & APPAREL   31,495,322 
             
CONSUMER SERVICES - 0.8%     
 41,500  *  Apollo Group, Inc (Class A)   1,048,290 
 53,000     Carnival Corp   2,329,880 
 7,500     Darden Restaurants, Inc   460,350 
 22,500  *  Hyatt Hotels Corp   1,265,850 
 4,900     Marriott International, Inc (Class A)   365,050 
 38,900  *  Norwegian Cruise Line Holdings Ltd   1,702,264 
 73,800     Royal Caribbean Cruises Ltd   5,575,590 
 193,000     Sands China Ltd   939,591 
       TOTAL CONSUMER SERVICES   13,686,865 
             
DIVERSIFIED FINANCIALS - 5.0%     
 88,000  *  Ally Financial, Inc   1,646,480 
 48,390     Ameriprise Financial, Inc   6,045,847 
 65,700     Bank of New York Mellon Corp   2,365,200 
 1,224     BlackRock, Inc   416,784 
 141,890     Capital One Financial Corp   10,387,767 
 160,000     Charles Schwab Corp   4,156,800 
 139,000     Discover Financial Services   7,558,820 
 49,300  *  E*Trade Financial Corp   1,136,365 
 86,100     Goldman Sachs Group, Inc   14,844,501 
 76,800     Lazard Ltd (Class A)   3,517,440 
 12,000     Legg Mason, Inc   665,280 
 300     McGraw-Hill Financial, Inc   26,832 
 386,839     Morgan Stanley   13,079,026 
 30,000     Navient Corp   592,200 
9

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
             
 40,450     Northern Trust Corp  $2,644,621 
 10,000     PowerShares QQQ Trust Series   1,011,000 
 45,000     SEI Investments Co   1,807,650 
 4,000     SPDR Dow Jones Industrial Average ETF Trust   685,920 
 10,000     SPDR Trust Series 1   1,994,700 
 96,800     State Street Corp   6,922,168 
 6,000     TD Ameritrade Holding Corp   194,340 
 66,380     Voya Financial, Inc   2,589,484 
       TOTAL DIVERSIFIED FINANCIALS   84,289,225 
             
ENERGY - 11.0%     
 56,000     Anadarko Petroleum Corp   4,578,000 
 32,400     Apache Corp   2,027,268 
 129,300     Baker Hughes, Inc   7,498,107 
 218,000     Chesapeake Energy Corp   4,181,240 
 274,242     Chevron Corp   28,118,032 
 23,300     Cimarex Energy Co   2,404,560 
 236,000     ConocoPhillips   14,863,280 
 9,980     Consol Energy, Inc   288,921 
 113,880  *  Devon Energy Corp   6,863,548 
 63,000  p  EOG Resources, Inc   5,608,890 
 563,242     Exxon Mobil Corp   49,238,616 
 111,890  p  Hess Corp   7,551,456 
 125,000     Kinder Morgan, Inc   5,131,250 
 254,000     Marathon Oil Corp   6,756,400 
 39,380     Marathon Petroleum Corp   3,646,194 
 18,018     Murphy Oil Corp   809,188 
 115,400     National Oilwell Varco, Inc   6,281,222 
 125,000     Occidental Petroleum Corp   10,000,000 
 103,800     PBF Energy, Inc   2,916,780 
 30,000     Phillips 66   2,109,600 
 48,000     Spectra Energy Corp   1,605,120 
 113,890     Superior Energy Services   2,277,800 
 54,000  p  Tesoro Corp   4,413,420 
 138,390     Valero Energy Corp   7,318,063 
       TOTAL ENERGY   186,486,955 
             
FOOD & STAPLES RETAILING - 2.1%     
 16,900     Costco Wholesale Corp   2,416,531 
 169,750     CVS Corp   16,662,660 
 61,000  *  Rite Aid Corp   425,780 
 209,000  *  Supervalu, Inc   2,035,660 
 140,224     Wal-Mart Stores, Inc   11,916,236 
 30,500     Whole Foods Market, Inc   1,588,897 
       TOTAL FOOD & STAPLES RETAILING   35,045,764 
             
FOOD, BEVERAGE & TOBACCO - 3.0%     
 81,800     Altria Group, Inc   4,343,580 
 189,000     Archer Daniels Midland Co   8,813,070 
 54,000     Bunge Ltd   4,834,620 
 46,380  *  Constellation Brands, Inc (Class A)   5,122,671 
 98,900  *  Diamond Foods, Inc   2,430,962 
10

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
           
 31,800     Ingredion, Inc  $2,564,352 
 97,224     Mondelez International, Inc   3,426,174 
 29,075  *  Monster Beverage Corp   3,400,321 
 15,750     Philip Morris International, Inc   1,263,780 
 100,189  e  Pilgrim’s Pride Corp   2,720,131 
 37,500     Reynolds American, Inc   2,548,125 
 154,000     Tyson Foods, Inc (Class A)   6,012,160 
 103,000  *  WhiteWave Foods Co (Class A)   3,395,910 
       TOTAL FOOD, BEVERAGE & TOBACCO   50,875,856 
              
HEALTH CARE EQUIPMENT & SERVICES - 6.8%      
 354,000     Abbott Laboratories   15,845,040 
 43,000     Aetna, Inc   3,948,260 
 73,750     Anthem, Inc   9,953,300 
 218,000  *  Boston Scientific Corp   3,228,580 
 74,500     Cardinal Health, Inc   6,197,655 
 30,000  *  CareFusion Corp   1,779,000 
 68,000  *  Catamaran Corp   3,393,880 
 14,242     Cigna Corp   1,521,473 
 10,000  *  Community Health Systems, Inc   470,700 
 17,224  *  Express Scripts Holding Co   1,390,149 
 99,890  *  HCA Holdings, Inc   7,072,212 
 123,999  *  Health Net, Inc   6,717,026 
 99,800  *  Hologic, Inc   3,030,427 
 40,883     Humana, Inc   5,986,906 
 500  *  Intuitive Surgical, Inc   247,240 
 243,000     Medtronic plc   17,350,200 
 15,400     Stryker Corp   1,402,170 
 177,500     UnitedHealth Group, Inc   18,859,375 
 11,800     Universal Health Services, Inc (Class B)   1,209,854 
 50,000  *  VCA Antech, Inc   2,605,000 
 26,800     Zimmer Holdings, Inc   3,004,280 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   115,212,727 
              
HOUSEHOLD & PERSONAL PRODUCTS - 1.8%      
 23,800     Church & Dwight Co, Inc   1,925,896 
 23,980     Energizer Holdings, Inc   3,069,680 
 11,080     Kimberly-Clark Corp   1,196,197 
 287,724     Procter & Gamble Co   24,252,256 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   30,444,029 
              
INSURANCE - 6.1%      
 26,750     ACE Ltd   2,887,930 
 123,800     Allstate Corp   8,640,002 
 39,300     American Financial Group, Inc   2,280,972 
 127,500     American International Group, Inc   6,230,925 
 12,500     Aspen Insurance Holdings Ltd   541,500 
 38,000     Assurant, Inc   2,413,380 
 81,000     Assured Guaranty Ltd   1,978,020 
 54,000     Axis Capital Holdings Ltd   2,748,600 
 217,724  *  Berkshire Hathaway, Inc (Class B)   31,332,661 
 7,500     Chubb Corp   734,250 
11

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
                
 5,000     Cincinnati Financial Corp  $252,550 
 33,138     Everest Re Group Ltd   5,679,190 
 139,300     Hartford Financial Services Group, Inc   5,418,770 
 146,800     Lincoln National Corp   7,337,064 
 15,000     Marsh & McLennan Cos, Inc   806,550 
 31,889     PartnerRe Ltd   3,648,102 
 33,800     Principal Financial Group   1,586,234 
 100,890     Prudential Financial, Inc   7,655,533 
 36,890     Reinsurance Group of America, Inc (Class A)   3,054,861 
 25,775     Travelers Cos, Inc   2,650,186 
 10,000     UnumProvident Corp   310,600 
 58,900     Validus Holdings Ltd   2,335,385 
 103,800     XL Capital Ltd   3,580,062 
       TOTAL INSURANCE   104,103,327 
                
MATERIALS - 3.4%        
 36,180     Air Products & Chemicals, Inc   5,268,170 
 90,000     Alcoa, Inc   1,408,500 
 26,800     Ashland, Inc   3,176,336 
 57,575     Celanese Corp (Series A)   3,095,232 
 31,390     CF Industries Holdings, Inc   9,585,878 
 228,900  e  Cliffs Natural Resources, Inc   1,469,538 
 213,380     Dow Chemical Co   9,636,241 
 51,540     Eastman Chemical Co   3,653,671 
 32,400     Freeport-McMoRan Copper & Gold, Inc (Class B)   544,644 
 128,890     Huntsman Corp   2,830,424 
 54,000  p  LyondellBasell Industries AF S.C.A   4,270,860 
 7,224     MeadWestvaco Corp   363,223 
 14,000     Nucor Corp   611,100 
 34,890     Packaging Corp of America   2,646,406 
 50,000     PolyOne Corp   1,779,500 
 11,800     PPG Industries, Inc   2,629,984 
 20,750     Rock-Tenn Co (Class A)   1,346,675 
 40,613     Steel Dynamics, Inc   692,046 
 400,000  e  Walter Energy, Inc   372,880 
 45,750     Westlake Chemical Corp   2,621,932 
       TOTAL MATERIALS   58,003,240 
                
MEDIA - 2.1%        
 100,300     Comcast Corp (Class A)   5,330,444 
 46,800  *  DISH Network Corp (Class A)   3,292,380 
 123,890     Gannett Co, Inc   3,841,829 
 91,800     Interpublic Group of Cos, Inc   1,830,492 
 12,300  *  Live Nation, Inc   292,371 
 500,000  *  Sirius XM Holdings, Inc   1,775,000 
 149,742     Time Warner, Inc   11,669,394 
 93,900     Walt Disney Co   8,541,144 
       TOTAL MEDIA   36,573,054 
                
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.1%        
 13,389  *  Actavis plc   3,568,704 
 10,000  *  Alexion Pharmaceuticals, Inc   1,832,400 
12

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
             
 17,500  *  Alkermes plc  $1,264,375 
 19,389     Amgen, Inc   2,952,169 
 12,390  *,p  Biogen Idec, Inc   4,821,693 
 180,575     Bristol-Myers Squibb Co   10,883,255 
 26,000  *  Celgene Corp   3,098,160 
 142,000     Eli Lilly & Co   10,224,000 
 49,890  *  Gilead Sciences, Inc   5,229,969 
 31,000  *  Hospira, Inc   1,966,330 
 335,724     Johnson & Johnson   33,619,401 
 5,500  *  Mallinckrodt plc   582,945 
 372,224     Merck & Co, Inc   22,437,663 
 63,191     Perrigo Co plc   9,588,602 
 977,224     Pfizer, Inc   30,538,250 
 19,190  *  Salix Pharmaceuticals Ltd   2,584,317 
 12,860  *  Spark Therapeutics, Inc   643,000 
 68,080     Thermo Electron Corp   8,524,297 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   154,359,530 
             
REAL ESTATE - 4.6%     
 31,980     Alexandria Real Estate Equities, Inc   3,118,690 
 7,500     AvalonBay Communities, Inc   1,297,425 
 31,800     Boston Properties, Inc   4,413,840 
 138,000     Duke Realty Corp   3,012,540 
 46,800     Equity Lifestyle Properties, Inc   2,561,364 
 61,300     Equity Residential   4,757,493 
 10,750     Essex Property Trust, Inc   2,430,037 
 66,000     Extra Space Storage, Inc   4,356,000 
 20,880     Federal Realty Investment Trust   3,001,918 
 139,000     General Growth Properties, Inc   4,195,020 
 41,818     Health Care REIT, Inc   3,426,985 
 57,750     Host Marriott Corp   1,321,897 
 22,977     Jones Lang LaSalle, Inc   3,379,457 
 45,750     Kilroy Realty Corp   3,392,362 
 17,224     Kimco Realty Corp   476,244 
 16,000     Macerich Co   1,376,160 
 33,900     National Retail Properties, Inc   1,452,276 
 21,000     Omega Healthcare Investors, Inc   921,060 
 2,309     Outfront Media, Inc   65,460 
 36,800     Post Properties, Inc   2,235,600 
 12,224     Prologis, Inc   551,791 
 20,800     Public Storage, Inc   4,177,472 
 23,000     Regency Centers Corp   1,576,880 
 38,889     Simon Property Group, Inc   7,725,689 
 31,090     SL Green Realty Corp   3,917,340 
 30,000     Spirit Realty Capital, Inc   385,800 
 57,000     Ventas, Inc   4,549,170 
 28,000     Vornado Realty Trust   3,092,320 
 53,750     Weyerhaeuser Co   1,926,938 
       TOTAL REAL ESTATE   79,095,228 
             
RETAILING - 3.0%     
 51,890  *  Bed Bath & Beyond, Inc   3,879,815 
13

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
             
 223,800     Best Buy Co, Inc  $7,877,760 
 31,890     Dillard’s, Inc (Class A)   3,622,704 
 30,890     Expedia, Inc   2,654,378 
 21,500     Foot Locker, Inc   1,144,230 
 193,800  e  GameStop Corp (Class A)   6,831,450 
 26,800     L Brands, Inc   2,268,084 
 42,000  *  Liberty Interactive Corp   1,149,120 
 60,000  *  Liberty Ventures   2,241,000 
 66,800     Macy’s, Inc   4,267,184 
 4,500     Signet Jewelers Ltd   544,995 
 318,000     Staples, Inc   5,421,900 
 130,000     Target Corp   9,569,300 
       TOTAL RETAILING   51,471,920 
                
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.3%        
 69,100     Applied Materials, Inc   1,578,244 
 65,400     Avago Technologies Ltd   6,728,352 
 151,515     Broadcom Corp (Class A)   6,429,539 
 81,000  *,e  Freescale Semiconductor Holdings Ltd   2,599,290 
 677,224     Intel Corp   22,375,481 
 2,500     Kla-Tencor Corp   153,675 
 65,400     Lam Research Corp   4,999,176 
 169,890  *  Micron Technology, Inc   4,971,831 
 218,890     Nvidia Corp   4,203,782 
 190,000  *  ON Semiconductor Corp   1,901,900 
 31,100  *,e  SunEdison, Inc   582,503 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   56,523,773 
                
SOFTWARE & SERVICES - 4.3%        
 138,000     Activision Blizzard, Inc   2,883,510 
 71,890  *  Akamai Technologies, Inc   4,180,763 
 27,500     Amdocs Ltd   1,324,950 
 110,800  *  AOL, Inc   4,792,100 
 111,800     CA, Inc   3,387,540 
 66,000     Computer Sciences Corp   4,004,880 
 13,180  *  Electronic Arts, Inc   723,055 
 72,990     Fidelity National Information Services, Inc   4,556,765 
 347,500     Microsoft Corp   14,039,000 
 219,000     Symantec Corp   5,424,630 
 54,000  *,p  VMware, Inc (Class A)   4,163,400 
 109,890  *,p  Workday, Inc   8,731,860 
 527,540     Xerox Corp   6,947,702 
 199,724  *  Yahoo!, Inc   8,785,859 
       TOTAL SOFTWARE & SERVICES   73,946,014 
                
TECHNOLOGY HARDWARE & EQUIPMENT - 4.2%        
 10,000     Avnet, Inc   416,200 
 373,800     Brocade Communications Systems, Inc   4,156,656 
 50,000     CDW Corp   1,713,000 
 777,224     Cisco Systems, Inc   20,491,511 
 213,000     Corning, Inc   5,063,010 
 41,390  *  EchoStar Corp (Class A)   2,159,316 
14

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
                
 212,400     EMC Corp  $5,507,532 
 439,890  p  Hewlett-Packard Co   15,893,226 
 28,000  *  Ingram Micro, Inc (Class A)   705,040 
 80,000     Jabil Circuit, Inc   1,648,800 
 33,900     NetApp, Inc   1,281,420 
 54,000     SanDisk Corp   4,099,140 
 78,300  p  Western Digital Corp   7,613,109 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   70,747,960 
                
TELECOMMUNICATION SERVICES - 1.6%        
 467,724     AT&T, Inc   15,397,474 
 93,000     CenturyTel, Inc   3,456,810 
 170,380  e  Frontier Communications Corp   1,144,102 
 85,400  *  Level 3 Communications, Inc   4,247,796 
 74,250     Verizon Communications, Inc   3,393,967 
       TOTAL TELECOMMUNICATION SERVICES   27,640,149 
                
TRANSPORTATION - 2.7%        
 1,155     Alaska Air Group, Inc   78,390 
 33,900     American Airlines Group, Inc   1,663,812 
 49,380     Con-Way, Inc   2,023,098 
 221,800     CSX Corp   7,385,940 
 189,800     Delta Air Lines, Inc   8,979,438 
 62,390     FedEx Corp   10,550,773 
 17,500     Norfolk Southern Corp   1,784,475 
 50,000     Ryder System, Inc   4,139,500 
 69,989     Southwest Airlines Co   3,162,103 
 51,000     Union Pacific Corp   5,977,710 
       TOTAL TRANSPORTATION   45,745,239 
                
UTILITIES - 6.0%        
 50,000     Alliant Energy Corp   3,430,500 
 80,000     Ameren Corp   3,622,400 
 123,890     American Electric Power Co, Inc   7,781,531 
 61,800     American Water Works Co, Inc   3,469,452 
 17,500     Atmos Energy Corp   995,925 
 96,380     CMS Energy Corp   3,636,418 
 59,700     Dominion Resources, Inc   4,590,333 
 17,500     DTE Energy Co   1,569,050 
 121,890     Edison International   8,306,803 
 50,000     Entergy Corp   4,375,500 
 119,800     FirstEnergy Corp   4,831,534 
 86,800     NextEra Energy, Inc   9,482,032 
 54,000     NiSource, Inc   2,336,040 
 96,380     Northeast Utilities   5,356,800 
 45,000     PG&E Corp   2,646,450 
 45,000     Pinnacle West Capital Corp   3,158,100 
 42,424     PPL Corp   1,506,052 
 136,800     Public Service Enterprise Group, Inc   5,838,624 
 45,000     SCANA Corp   2,869,650 
 63,890     Sempra Energy   7,150,569 
 22,400     Southern Co   1,136,128 
15

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
                
 123,800     UGI Corp  $4,579,362 
 7,500     Vectren Corp   359,400 
 22,000     Westar Energy, Inc   939,840 
 34,500  e  Wisconsin Energy Corp   1,924,065 
 154,000     Xcel Energy, Inc   5,779,620 
       TOTAL UTILITIES   101,672,178 
             
       TOTAL COMMON STOCKS   1,697,792,281 
       (Cost $1,366,324,447)     
             
SHORT-TERM INVESTMENTS - 1.0%        
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.0%        
 16,637,558  c  TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		   16,637,558 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   16,637,558 
       TOTAL SHORT-TERM INVESTMENTS   16,637,558 
       (Cost $16,637,558)     
             
       TOTAL INVESTMENTS - 100.8%   1,714,429,839 
       (Cost $1,382,962,005)     
       OTHER ASSETS & LIABILITIES, NET - (0.8)%   (13,329,693)
       NET ASSETS - 100.0%  $1,701,100,146 
       
       
    Abbreviation(s):
    ETF Exchange Traded Fund
    REIT Real Estate Investment Trust
    SPDR Standard & Poor’s Depository Receipts
       
*   Non-income producing.
c   Investments made with cash collateral received from securities on loan.
e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $15,883,293.
p   All or a portion of these securities have been segregated by the custodian to cover margin requirements on open written options contracts.
16

TIAA-CREF FUNDS - Growth & Income Fund

 

TIAA-CREF FUNDS

GROWTH & INCOME FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

SHARES    COMPANY  VALUE 
          
COMMON STOCKS - 99.2%    
             
AUTOMOBILES & COMPONENTS - 0.5%    
 358,260     Delphi Automotive plc  $24,623,210 
       TOTAL AUTOMOBILES & COMPONENTS   24,623,210 
             
BANKS - 5.4%    
 4,304,560     Bank of America Corp   65,214,084 
 1,364,182     Citigroup, Inc   64,048,345 
 403,318     East West Bancorp, Inc   14,592,045 
 327,313  *  Essent Group Ltd   7,655,851 
 638,055     JPMorgan Chase & Co   34,697,431 
 1,241,264     Wells Fargo & Co   64,446,427 
       TOTAL BANKS   250,654,183 
             
CAPITAL GOODS - 5.7%    
 33,520     Acuity Brands, Inc   5,024,313 
 356,790     Eaton Corp   22,509,881 
 182,708  p  General Dynamics Corp   24,338,533 
 2,133,842     General Electric Co   50,977,485 
 546,976  p  Honeywell International, Inc   53,472,374 
 300,857     Illinois Tool Works, Inc   28,006,778 
 403,444     ITT Corp   14,447,330 
 174,023     Koninklijke Philips Electronics NV   4,798,660 
 294,973     Masco Corp   7,327,129 
 112,927     Northrop Grumman Corp   17,723,893 
 207,818     Rockwell Collins, Inc   17,793,377 
 279,402  *  USG Corp   8,507,791 
 124,486  *  WABCO Holdings, Inc   11,847,332 
       TOTAL CAPITAL GOODS   266,774,876 
             
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%    
 715,567     Pitney Bowes, Inc   17,159,297 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   17,159,297 
             
CONSUMER DURABLES & APPAREL - 4.2%    
 300,790  *,p  GoPro, Inc   14,964,302 
 93,333     Hanesbrands, Inc   10,395,430 
 163,796  p  Harman International Industries, Inc   21,232,875 
 624,196  *  Jarden Corp   29,973,892 
 486,033  *,p  Kate Spade & Co   15,324,620 
 221,261  *,e  Lululemon Athletica, Inc   14,656,329 
 423,200  p  Mattel, Inc   11,384,080 
 55,418  *  Mohawk Industries, Inc   9,146,187 
 883,274     Newell Rubbermaid, Inc   32,566,312 
 251,948     Nike, Inc (Class B)   23,242,203 
 80  e  Prada S.p.A   470 

17

TIAA-CREF FUNDS - Growth & Income Fund

 

SHARES     COMPANY  VALUE 
             
 207,973     VF Corp  $14,427,087 
       TOTAL CONSUMER DURABLES & APPAREL   197,313,787 
             
CONSUMER SERVICES - 1.1%     
 753,939  *  Hilton Worldwide Holdings, Inc   19,579,796 
 450,435  *  Restaurant Brands International, Inc   17,422,826 
 474,811     Sonic Corp   14,372,529 
       TOTAL CONSUMER SERVICES   51,375,151 
             
DIVERSIFIED FINANCIALS - 3.8%     
 241,203     Ameriprise Financial, Inc   30,135,903 
 1,503,650  *  ING Groep NV   18,693,980 
 404,550     Lazard Ltd (Class A)   18,528,390 
 309,816     Legg Mason, Inc   17,176,199 
 364,196     Moody’s Corp   33,262,021 
 1,101,329     Morgan Stanley   37,235,933 
 583,305     Voya Financial, Inc   22,754,728 
       TOTAL DIVERSIFIED FINANCIALS   177,787,154 
             
ENERGY - 6.2%     
 367,038     Baker Hughes, Inc   21,284,534 
 114,709  *  Cheniere Energy, Inc   8,187,928 
 355,119     Chevron Corp   36,410,351 
 245,455  *  Concho Resources, Inc   27,208,687 
 568,468  *,e  Continental Resources, Inc   25,808,447 
 255,386  *  Diamondback Energy, Inc   17,619,080 
 236,704     Energen Corp   15,011,768 
 406,722     EOG Resources, Inc   36,210,460 
 502,194     Exxon Mobil Corp   43,901,799 
 356,504     Kinder Morgan, Inc   14,634,489 
 180,424     Marathon Petroleum Corp   16,705,458 
 450,751     Valero Energy Corp   23,835,713 
       TOTAL ENERGY   286,818,714 
             
FOOD & STAPLES RETAILING - 2.7%     
 210,387     Costco Wholesale Corp   30,083,237 
 414,448     CVS Corp   40,682,216 
 252,518  *  Diplomat Pharmacy, Inc   6,204,367 
 676,167     Kroger Co   46,689,331 
       TOTAL FOOD & STAPLES RETAILING   123,659,151 
             
FOOD, BEVERAGE & TOBACCO - 5.2%     
 1,853,157     Britvic plc   19,611,493 
 173,227     Brown-Forman Corp (Class B)   15,394,684 
 409,167  *  Constellation Brands, Inc (Class A)   45,192,495 
 269,887  *  Diamond Foods, Inc   6,633,822 
 175,999     Mead Johnson Nutrition Co   17,334,142 
 645,101  p  Mondelez International, Inc   22,733,359 
 79,064  *  Monster Beverage Corp   9,246,535 
 692,420     PepsiCo, Inc   64,935,147 
 315,862     SABMiller plc   17,203,807 

18

TIAA-CREF FUNDS - Growth & Income Fund

 

SHARES    COMPANY  VALUE 
          
 332,177     Tyson Foods, Inc (Class A)  $12,968,190 
 403,725  *  WhiteWave Foods Co (Class A)   13,310,813 
       TOTAL FOOD, BEVERAGE & TOBACCO   244,564,487 
             
HEALTH CARE EQUIPMENT & SERVICES - 3.8%     
 151,787     Anthem, Inc   20,485,173 
 108,108  *  Edwards Lifesciences Corp   13,551,338 
 625,429  *  Hologic, Inc   18,991,152 
 141,735     Humana, Inc   20,755,673 
 34,490  *  Idexx Laboratories, Inc   5,463,906 
 460,114  *  Insulet Corp   13,522,750 
 131,467     McKesson Corp   27,956,457 
 181,167     STERIS Corp   11,815,712 
 192,456     Universal Health Services, Inc (Class B)   19,732,514 
 226,396     Zimmer Holdings, Inc   25,378,992 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   177,653,667 
             
HOUSEHOLD & PERSONAL PRODUCTS - 1.9%     
 129,479  p  Estee Lauder Cos (Class A)   9,139,923 
 73,570     L’Oreal S.A.   13,154,630 
 779,897     Procter & Gamble Co   65,737,518 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   88,032,071 
             
INSURANCE - 2.6%     
 299,497     ACE Ltd   32,333,696 
 440,975     Allstate Corp   30,775,645 
 276,130     FNF Group   9,692,163 
 890,584     Hartford Financial Services Group, Inc   34,643,718 
 280,378     Metlife, Inc   13,037,577 
       TOTAL INSURANCE   120,482,799 
             
MATERIALS - 3.8%     
 284,377     Akzo Nobel NV   20,486,862 
 1,389,644     Alcoa, Inc   21,747,928 
 129,062     Ashland, Inc   15,296,428 
 283,630     Caesarstone Sdot-Yam Ltd   17,613,423 
 503,461  p  Dow Chemical Co   22,736,299 
 201,596     Goldcorp, Inc   4,844,352 
 153,999     Monsanto Co   18,168,802 
 133,583     PPG Industries, Inc   29,772,979 
 616,780     Sealed Air Corp   24,979,590 
       TOTAL MATERIALS   175,646,663 
             
MEDIA - 4.0%     
 349,833  *,p  AMC Networks, Inc   23,333,861 
 871,232     Comcast Corp (Class A)   46,301,625 
 166,095  *  DISH Network Corp (Class A)   11,684,783 
 305,501     Lions Gate Entertainment Corp   8,777,044 
 469,886     Time Warner, Inc   36,618,216 
 655,526     Walt Disney Co   59,626,645 
       TOTAL MEDIA   186,342,174 

19

TIAA-CREF FUNDS - Growth & Income Fund

 

SHARES    COMPANY  VALUE 
          
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 12.2%     
 718,130     AbbVie, Inc  $43,339,146 
 185,992  *  Actavis plc   49,574,308 
 272,110  *  Alkermes plc   19,659,947 
 205,859  p  Amgen, Inc   31,344,091 
 160,192  *  BioMarin Pharmaceuticals, Inc   15,564,255 
 496,634     Bristol-Myers Squibb Co   29,932,131 
 483,038  *  Celgene Corp   57,558,808 
 552,488  *  Gilead Sciences, Inc   57,917,317 
 112,736  *  Illumina, Inc   22,004,940 
 133,799  *  Jazz Pharmaceuticals plc   22,657,523 
 504,263     Johnson & Johnson   50,496,897 
 881,222     Merck & Co, Inc   53,120,062 
 309,703  *  Mylan Laboratories, Inc   16,460,714 
 201,972     Novartis AG.   19,682,721 
 991,648     Pfizer, Inc   30,989,000 
 102,184  *,e  Pharmacyclics, Inc   17,243,550 
 99,948  *  Salix Pharmaceuticals Ltd   13,459,997 
 229,513     Shire Ltd   16,751,667 
 35,207  *  Spark Therapeutics, Inc   1,760,350 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   569,517,424 
             
REAL ESTATE - 1.1%     
 276,811     American Tower Corp   26,836,827 
 455,271     Brixmor Property Group, Inc   12,337,844 
 162,287     Crown Castle International Corp   14,039,448 
       TOTAL REAL ESTATE   53,214,119 
             
RETAILING - 5.4%     
 38,139  *  AutoZone, Inc   22,767,457 
 559,289  p  Best Buy Co, Inc   19,686,973 
 694,801     Home Depot, Inc   72,551,120 
 94,645     HSN, Inc   7,329,309 
 1,780,913  *,e  JC Penney Co, Inc   12,947,238 
 48,350  *,p  NetFlix, Inc   21,361,030 
 76,244  *,p  O’Reilly Automotive, Inc   14,285,076 
 173,990  *,p,e  Restoration Hardware Holdings, Inc   15,229,345 
 226,678  *  Sally Beauty Holdings, Inc   7,045,152 
 241,818     Target Corp   17,800,223 
 274,155     Tiffany & Co   23,752,789 
 37,523  *  Ulta Salon Cosmetics & Fragrance, Inc   4,950,785 
 176,094     Williams-Sonoma, Inc   13,779,355 
       TOTAL RETAILING   253,485,852 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.9%     
 235,903     Avago Technologies Ltd   24,269,701 
 446,567     Broadcom Corp (Class A)   18,950,071 
 1,818,043  p  Intel Corp   60,068,141 
 810,768  *  Micron Technology, Inc   23,727,125 
 350,291  *,p  NXP Semiconductors NV   27,792,088 
 479,574     Texas Instruments, Inc   25,633,230 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   180,440,356 
20

TIAA-CREF FUNDS - Growth & Income Fund

 

SHARES     COMPANY  VALUE 
           
 SOFTWARE & SERVICES - 11.1%    
 98,061  *  Alliance Data Systems Corp       $28,322,959 
 196,950  *  Autodesk, Inc        10,636,285 
 51,732  *  Baidu, Inc (ADR)        11,273,437 
 194,194  *  Check Point Software Technologies        14,985,951 
 290,347  *,p  Citrix Systems, Inc        17,205,963 
 204,473  *  Electronic Arts, Inc        11,217,389 
 774,250  *,p  Facebook, Inc        58,773,317 
 606,307  *,p  Fortinet, Inc        18,125,548 
 132,089  *,p  Google, Inc        70,604,212 
 313,397  *,e  LendingClub Corp        5,882,462 
 34,411  *  LinkedIn Corp        7,733,528 
 447,582     Mastercard, Inc (Class A)        36,715,151 
 1,878,074     Microsoft Corp        75,874,190 
 85,421  *,p  MicroStrategy, Inc (Class A)        13,804,034 
 986,213     Oracle Corp        41,312,463 
 422,495  *  Salesforce.com, Inc        23,849,843 
 577,256  *  Take-Two Interactive Software, Inc        17,156,048 
 580,000     Tencent Holdings Ltd        9,782,601 
 417,001  *  VeriFone Systems, Inc        13,089,661 
 124,252  *,p  VMware, Inc (Class A)        9,579,829 
 479,756  *,p  Yahoo!, Inc        21,104,466 
       TOTAL SOFTWARE & SERVICES   517,029,337 
             
 TECHNOLOGY HARDWARE & EQUIPMENT - 6.8%    
 1,799,967  p  Apple, Inc        210,884,134 
 831,421  *  Ciena Corp        15,397,917 
 1,846,511     Cisco Systems, Inc        48,683,262 
 292,776  *  F5 Networks, Inc        32,679,657 
 88,282  *  Palo Alto Networks, Inc        11,157,962 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   318,802,932 
             
 TELECOMMUNICATION SERVICES - 1.8%    
 452,716  *  Level 3 Communications, Inc        22,518,094 
 603,642     T-Mobile US, Inc        18,217,916 
 946,303     Verizon Communications, Inc        43,255,510 
       TOTAL TELECOMMUNICATION SERVICES   83,991,520 
             
 TRANSPORTATION - 3.1%    
 293,375     CH Robinson Worldwide, Inc        20,894,168 
 725,333     CSX Corp        24,153,589 
 985,204     Delta Air Lines, Inc        46,610,001 
 159,758     FedEx Corp        27,016,675 
 82,683  *  Old Dominion Freight Line        5,797,732 
 221,140     Ryder System, Inc        18,308,181 
       TOTAL TRANSPORTATION   142,780,346 
             
UTILITIES - 2.5%    
 93,059     American Electric Power Co, Inc   5,845,036 

21

TIAA-CREF FUNDS - Growth & Income Fund

 

SHARES     COMPANY  VALUE 
           
 302,829     American Water Works Co, Inc  $17,000,820 
 335,804     Exelon Corp   12,102,376 
 343,809     NextEra Energy, Inc   37,557,695 
 294,971  e  NRG Yield, Inc   15,598,067 
 243,520     Sempra Energy   27,254,758 
       TOTAL UTILITIES   115,358,752 
             
       TOTAL COMMON STOCKS   4,623,508,022 
       (Cost $3,690,058,969)     
             
PURCHASED OPTIONS - 0.0%     
             
FOOD, BEVERAGE & TOBACCO - 0.0%     
 20,000     Mondelez International, Inc   22,400 
       TOTAL FOOD, BEVERAGE & TOBACCO   22,400 
             
HOUSEHOLD & PERSONAL PRODUCTS - 0.0%     
 40,000     Estee Lauder Cos, Inc   56,000 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   56,000 
             
MEDIA - 0.0%     
 30,000     AMC Networks, Inc   32,250 
       TOTAL MEDIA   32,250 
             
SOFTWARE & SERVICES - 0.0%     
 40,000     Yahoo!, Inc   4,800 
       TOTAL SOFTWARE & SERVICES   4,800 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 0.0%     
 30,000     Apple, Inc   300 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   300 
             
       TOTAL PURCHASED OPTIONS   115,750 
       (Cost $198,788)     
             
SHORT-TERM INVESTMENTS - 1.8%     
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.8%    
 85,874,131  c  TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		   85,874,131 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   85,874,131 
       TOTAL SHORT-TERM INVESTMENTS   85,874,131 
       (Cost $85,874,131)     
             
       TOTAL INVESTMENTS - 101.0%   4,709,497,903 
       (Cost $3,776,131,888)     
       OTHER ASSETS & LIABILITIES, NET - (1.0)%   (46,575,126)
       NET ASSETS - 100.0%  $4,662,922,777 

22

TIAA-CREF FUNDS - Growth & Income Fund

 

       
       
    Abbreviation(s):
    ADR     American Depositary Receipt
     
*   Non-income producing.
c   Investments made with cash collateral received from securities on loan.
e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $84,156,254.
p   All or a portion of these securities have been segregated by the custodian to cover margin requirements on open written options contracts.
23

TIAA-CREF FUNDS - Large-Cap Growth Fund

 

TIAA-CREF FUNDS

LARGE-CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

SHARES     COMPANY  VALUE 
             
COMMON STOCKS - 97.8%     
      
AUTOMOBILES & COMPONENTS - 0.5%     
 70,582  *,e  Tesla Motors, Inc  $14,370,495 
       TOTAL AUTOMOBILES & COMPONENTS   14,370,495 
             
CAPITAL GOODS - 2.0%     
 60,942  *  Middleby Corp   5,790,709 
 158,520     Roper Industries, Inc   24,465,977 
 112,541     W.W. Grainger, Inc   26,541,669 
       TOTAL CAPITAL GOODS   56,798,355 
             
COMMERCIAL & PROFESSIONAL SERVICES - 1.2%     
 496,704  *  Verisk Analytics, Inc   31,962,902 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   31,962,902 
             
CONSUMER DURABLES & APPAREL - 3.7%     
 155,537  *,e  Garmin Ltd   8,143,917 
 583,326     Nike, Inc (Class B)   53,811,824 
 93,085     Ralph Lauren Corp   15,534,956 
 354,777     VF Corp   24,610,880 
       TOTAL CONSUMER DURABLES & APPAREL   102,101,577 
             
CONSUMER SERVICES - 3.9%     
 258,628     ARAMARK Holdings Corp   8,100,229 
 249,875     Marriott International, Inc (Class A)   18,615,688 
 132,658  *  MGM Mirage   2,584,178 
 361,344  *  Norwegian Cruise Line Holdings Ltd   15,812,413 
 124,137  *  Restaurant Brands International, Inc   4,801,619 
 666,751     Starbucks Corp   58,360,715 
       TOTAL CONSUMER SERVICES   108,274,842 
             
DIVERSIFIED FINANCIALS - 5.2%     
 72,350  *  Affiliated Managers Group, Inc   14,869,372 
 214,427     Ameriprise Financial, Inc   26,790,509 
 1,014,674     Charles Schwab Corp   26,361,231 
 138,369     IntercontinentalExchange Group, Inc   28,466,654 
 186,764     McGraw-Hill Financial, Inc   16,704,172 
 340,356     Moody’s Corp   31,084,714 
       TOTAL DIVERSIFIED FINANCIALS   144,276,652 
             
ENERGY - 2.0%     
 228,933  *  Cheniere Energy, Inc   16,341,237 
 145,328  *  Concho Resources, Inc   16,109,609 
 259,991     EOG Resources, Inc   23,146,999 
       TOTAL ENERGY   55,597,845 
24

TIAA-CREF FUNDS - Large-Cap Growth Fund

 

SHARES     COMPANY  VALUE 
             
FOOD & STAPLES RETAILING - 0.8%     
 216,444     CVS Corp  $21,246,143 
       TOTAL FOOD & STAPLES RETAILING   21,246,143 
             
FOOD, BEVERAGE & TOBACCO - 2.5%     
 79,193     Keurig Green Mountain, Inc   9,705,894 
 272,043     Mead Johnson Nutrition Co   26,793,515 
 246,326  *  Monster Beverage Corp   28,807,826 
 80,739  *  WhiteWave Foods Co (Class A)   2,661,965 
       TOTAL FOOD, BEVERAGE & TOBACCO   67,969,200 
             
HEALTH CARE EQUIPMENT & SERVICES - 2.0%     
 444,634  *  Cerner Corp   29,501,466 
 50,172  *  Intuitive Surgical, Inc   24,809,050 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   54,310,516 
             
HOUSEHOLD & PERSONAL PRODUCTS - 1.8%     
 701,347     Estee Lauder Cos (Class A)   49,508,085 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   49,508,085 
             
MATERIALS - 3.9%     
 349,941     Monsanto Co   41,286,039 
 143,021     PPG Industries, Inc   31,876,521 
 130,622     Sherwin-Williams Co   35,433,830 
       TOTAL MATERIALS   108,596,390 
             
MEDIA - 3.8%     
 482,823     Comcast Corp (Class A)   25,659,628 
 360,288     Time Warner, Inc   28,077,244 
 569,272     Walt Disney Co   51,780,981 
       TOTAL MEDIA   105,517,853 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 18.6%     
 446,303     AbbVie, Inc   26,934,386 
 143,815  *  Actavis plc   38,332,450 
 191,971  *  Alexion Pharmaceuticals, Inc   35,176,766 
 257,765  *  Alkermes plc   18,623,521 
 159,761     Allergan, Inc   35,029,197 
 112,879  *  Biogen Idec, Inc   43,927,992 
 133,649  *  BioMarin Pharmaceuticals, Inc   12,985,337 
 793,465     Bristol-Myers Squibb Co   47,822,136 
 778,445  *  Celgene Corp   92,759,506 
 493,244  *  Gilead Sciences, Inc   51,706,768 
 119,274  *,p  Illumina, Inc   23,281,092 
 306,912     Perrigo Co plc   46,570,827 
 17,964  *  Regeneron Pharmaceuticals, Inc   7,484,880 
 260,067     Thermo Electron Corp   32,562,989 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   513,197,847 
25

TIAA-CREF FUNDS - Large-Cap Growth Fund

 

SHARES     COMPANY  VALUE 
             
REAL ESTATE - 0.7%      
 596,741  *  CBRE Group, Inc  $19,298,604 
       TOTAL REAL ESTATE   19,298,604 
             
RETAILING - 7.0%     
 12,353     Advance Auto Parts, Inc   1,964,127 
 230,622  *  Amazon.com, Inc   81,762,418 
 210,782     Best Buy Co, Inc   7,419,526 
 257,813     Expedia, Inc   22,153,871 
 1,737,192  *  Groupon, Inc   12,438,295 
 529,277     Home Depot, Inc   55,267,104 
 131,508     Tiffany & Co   11,393,853 
       TOTAL RETAILING   192,399,194 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.2%     
 933,947     Applied Materials, Inc   21,331,350 
 342,435     Broadcom Corp (Class A)   14,531,229 
 263,210     Lam Research Corp   20,119,772 
 368,426  *  NXP Semiconductors NV   29,230,919 
 37,375     Skyworks Solutions, Inc   3,103,994 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   88,317,264 
             
SOFTWARE & SERVICES - 26.0%     
 1,074,057  *  Adobe Systems, Inc   75,323,617 
 109,486  *,e  Alibaba Group Holding Ltd (ADR)   9,753,013 
 55,639  *  Alliance Data Systems Corp   16,070,212 
 461,985  *  Autodesk, Inc   24,949,500 
 373,917  *  eBay, Inc   19,817,601 
 903,931  *  Facebook, Inc   68,617,402 
 122,345  *  Google, Inc   65,395,849 
 95,209  *  Google, Inc (Class A)   51,179,598 
 979,623     Intuit, Inc   85,050,869 
 122,186  *,e  LendingClub Corp   2,293,431 
 69,612  *  LinkedIn Corp   15,644,601 
 804,423     Mastercard, Inc (Class A)   65,986,819 
 595,716     Microsoft Corp   24,066,926 
 594,129  *  Red Hat, Inc   37,899,489 
 846,845  *  Salesforce.com, Inc   47,804,400 
 76,803  *  ServiceNow, Inc   5,598,939 
 240,128     Visa, Inc (Class A)   61,211,029 
 912,113  *  Yahoo!, Inc   40,123,851 
       TOTAL SOFTWARE & SERVICES   716,787,146 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 6.7%     
 5,292,316     Alcatel-Lucent (ADR)   18,258,490 
 1,178,002     Apple, Inc   138,014,715 
 1,002,154     Cisco Systems, Inc   26,421,790 
 26,079  *  Palo Alto Networks, Inc   3,296,125 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   185,991,120 
26

TIAA-CREF FUNDS - Large-Cap Growth Fund

 

SHARES     COMPANY  VALUE 
           
TELECOMMUNICATION SERVICES - 0.7%     
 391,943  *  Level 3 Communications, Inc  $19,495,245 
       TOTAL TELECOMMUNICATION SERVICES  19,495,245 
             
TRANSPORTATION - 1.6%     
 259,040     Delta Air Lines, Inc   12,255,182 
 177,155 *   Hertz Global Holdings, Inc   3,635,221 
 240,793     Union Pacific Corp   28,223,348 
       TOTAL TRANSPORTATION   44,113,751 
             
       TOTAL COMMON STOCKS   2,700,131,026 
       (Cost $2,035,125,394)     
             
SHORT-TERM INVESTMENTS - 1.1%     
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.1%     
 29,948,569 c   TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		   29,948,569 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   29,948,569 
       TOTAL SHORT-TERM INVESTMENTS   29,948,569 
       (Cost $29,948,569)     
             
       TOTAL INVESTMENTS - 98.9%   2,730,079,595 
       (Cost $2,065,073,963)     
       OTHER ASSETS & LIABILITIES, NET - 1.1%   30,867,671 
       NET ASSETS - 100.0%  $2,760,947,266 

 

       
    Abbreviation(s):
    ADR     American Depositary Receipt

 

*   Non-income producing.
c   Investments made with cash collateral received from securities on loan.
e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $29,021,941.
p   All or a portion of these securities have been segregated by the custodian to cover margin requirements on open written options contracts.
27

TIAA-CREF FUNDS - Large-Cap Value Fund

 

TIAA-CREF FUNDS

LARGE-CAP VALUE FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

 SHARES    COMPANY  VALUE 
          
COMMON STOCKS - 99.7%     
      
AUTOMOBILES & COMPONENTS - 0.5%     
 415,051  *  American Axle & Manufacturing Holdings, Inc  $10,106,492 
 435,120     General Motors Co   14,193,614 
       TOTAL AUTOMOBILES & COMPONENTS   24,300,106 
             
BANKS - 10.2%     
 7,808,682     Bank of America Corp   118,301,532 
 1,368,253     Citigroup, Inc   64,239,479 
 725,769  *  Hilltop Holdings, Inc   13,172,707 
 2,331,794     Huntington Bancshares, Inc   23,364,576 
 1,388,878     Investors Bancorp, Inc   15,291,547 
 1,351,207     JPMorgan Chase & Co   73,478,637 
 2,497,849     Keycorp   32,447,059 
 3,001,970     Regions Financial Corp   26,117,139 
 1,427,269     TCF Financial Corp   20,980,854 
 124,685     US Bancorp   5,225,548 
 2,771,611     Wells Fargo & Co   143,902,043 
       TOTAL BANKS   536,521,121 
             
CAPITAL GOODS - 6.7%     
 433,276     Allegion plc   23,401,237 
 110,295     General Dynamics Corp   14,692,397 
 6,084,437     General Electric Co   145,357,200 
 232,145     Joy Global, Inc   9,736,161 
 84,404     L-3 Communications Holdings, Inc   10,391,820 
 903,062     Masco Corp   22,432,060 
 593,587     SPX Corp   49,606,066 
 1,226,121     Terex Corp   27,563,200 
 305,699     United Technologies Corp   35,088,131 
 355,948  *  USG Corp   10,838,617 
       TOTAL CAPITAL GOODS   349,106,889 
             
CONSUMER DURABLES & APPAREL - 2.7%     
 203,657  *  Deckers Outdoor Corp   13,451,545 
 1,147,647  *  Jarden Corp   55,110,009 
 866,473     Mattel, Inc   23,308,124 
 1,518,975     Pulte Homes, Inc   31,275,695 
 738,927  *,e  Sony Corp (ADR)   17,209,610 
       TOTAL CONSUMER DURABLES & APPAREL   140,354,983 
             
CONSUMER SERVICES - 2.8%     
 1,118,919     ARAMARK Holdings Corp   35,044,543 
 185,492  *  Belmond Ltd.   2,038,557 
 460,327     Carnival Corp   20,235,975 
 246,901     Darden Restaurants, Inc   15,154,783 
28

TIAA-CREF FUNDS - Large-Cap Value Fund

 

 SHARES     COMPANY  VALUE 
           
 1,384,992     Extended Stay America, Inc  $27,395,142 
 399,441     Interval Leisure Group, Inc   9,219,098 
 9,142  *  Restaurant Brands International LP   339,168 
 905,101  *  Restaurant Brands International, Inc   35,009,307 
       TOTAL CONSUMER SERVICES   144,436,573 
             
DIVERSIFIED FINANCIALS - 6.1%     
 107,782  *  Ally Financial, Inc   2,016,601 
 134,780     Capital One Financial Corp   9,867,244 
 2,113,911  *  E*Trade Financial Corp   48,725,648 
 127,078     Goldman Sachs Group, Inc   21,909,518 
 1,506,450  *  ING Groep NV (ADR)   18,740,238 
 884,997     Legg Mason, Inc   49,064,234 
 1,479,607     Morgan Stanley   50,025,513 
 892,721     State Street Corp   63,838,479 
 1,874,974  *  Synchrony Financial   57,861,697 
       TOTAL DIVERSIFIED FINANCIALS   322,049,172 
             
ENERGY - 10.3%     
 139,221     Anadarko Petroleum Corp   11,381,317 
 91,055  *,e  Antero Resources Corp   3,155,056 
 530,889     Apache Corp   33,217,724 
 227,554     Baker Hughes, Inc   13,195,856 
 994,915     Chevron Corp   102,008,635 
 247,186  *  Concho Resources, Inc   27,400,568 
 303,557     ConocoPhillips   19,118,020 
 657,615  *  Diamondback Energy, Inc   45,368,859 
 285,486     EOG Resources, Inc   25,416,819 
 1,042,026  *,e  EP Energy Corp   10,784,969 
 1,007,557     Exxon Mobil Corp   88,080,633 
 321,831     Kinder Morgan, Inc   13,211,162 
 1,114,066  *  Matador Resources Co   24,019,263 
 821,014     Nabors Industries Ltd   9,449,871 
 222,997     Noble Energy, Inc   10,645,877 
 116,093     Phillips 66   8,163,660 
 232,415     Pioneer Natural Resources Co   34,985,430 
 681,947  *,e  RSP Permian, Inc   18,276,180 
 7,912     Valero Energy Corp   418,387 
 2,052,513  *  Weatherford International Ltd   21,202,459 
 450,225     Williams Cos, Inc   19,746,868 
       TOTAL ENERGY   539,247,613 
             
FOOD & STAPLES RETAILING - 1.3%     
 551,566     CVS Corp   54,141,718 
 173,813     Walgreens Boots Alliance, Inc   12,818,709 
       TOTAL FOOD & STAPLES RETAILING   66,960,427 
             
FOOD, BEVERAGE & TOBACCO - 3.5%     
 538,044     Archer Daniels Midland Co   25,088,992 
 535,556     ConAgra Foods, Inc   18,974,749 
 648,215     Kraft Foods Group, Inc   42,354,368 
 752,934     Mondelez International, Inc   26,533,394 
29

TIAA-CREF FUNDS - Large-Cap Value Fund

 

 SHARES    COMPANY  VALUE 
             
 1,029,535     Pinnacle Foods, Inc  $37,032,374 
 645,892     SABMiller plc   35,179,291 
       TOTAL FOOD, BEVERAGE & TOBACCO   185,163,168 
             
HEALTH CARE EQUIPMENT & SERVICES - 4.5%     
 58,446     Anthem, Inc   7,887,872 
 187,048     Baxter International, Inc   13,151,345 
 2,233,798  *  Boston Scientific Corp   33,082,549 
 1,259,165  *  Hologic, Inc   38,234,545 
 321,756     Medtronic plc   22,973,378 
 596,100  *  Olympus Corp   20,615,545 
 754,605     UnitedHealth Group, Inc   80,176,781 
 277,940  *  WellCare Health Plans, Inc   20,247,929 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   236,369,944 
             
HOUSEHOLD & PERSONAL PRODUCTS - 1.8%     
 1,138,389     Procter & Gamble Co   95,954,809 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   95,954,809 
             
INSURANCE - 7.1%     
 418,432     ACE Ltd   45,173,919 
 610,616     Allstate Corp   42,614,890 
 729,407     American International Group, Inc   35,646,120 
 447,556  *  Berkshire Hathaway, Inc (Class B)   64,407,784 
 987,261     Hartford Financial Services Group, Inc   38,404,453 
 459,113     Marsh & McLennan Cos, Inc   24,686,506 
 644,221     Metlife, Inc   29,956,277 
 528,849     Principal Financial Group   24,818,884 
 243,766     Prudential Financial, Inc   18,496,964 
 228,231     Travelers Cos, Inc   23,466,711 
 686,329     XL Capital Ltd   23,671,487 
       TOTAL INSURANCE   371,343,995 
             
MATERIALS - 3.1%     
 136,755     Akzo Nobel NV   9,851,995 
 529,060     Axiall Corp   23,410,905 
 1,981,953  *,e  Cemex SAB de C.V. (ADR)   17,619,562 
 722,600  *  Constellium NV   13,303,066 
 167,448     Freeport-McMoRan Copper & Gold, Inc (Class B)   2,814,801 
 2,742,764  *  Louisiana-Pacific Corp   44,899,047 
 835,331     Sealed Air Corp   33,830,905 
 159,797  e  Southern Copper Corp (NY)   4,359,262 
 234,390  *,e  Trinseo S.A.   3,574,448 
 85,597  e  Wacker Chemie AG.   9,165,211 
       TOTAL MATERIALS   162,829,202 
             
MEDIA - 1.0%     
 79,640     Naspers Ltd (N Shares)   11,489,014 
 274,983     Time Warner, Inc   21,429,425 
 300,883  *  Tribune Co   17,719,000 
       TOTAL MEDIA   50,637,439 
30

TIAA-CREF FUNDS - Large-Cap Value Fund

 

 SHARES      COMPANY  VALUE 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 10.2%     
 318,912     AbbVie, Inc  $19,246,339 
 53,649  *  Actavis plc   14,299,605 
 584,829     Agilent Technologies, Inc   22,088,991 
 890,151  *  Biovitrum AB   9,330,421 
 250,627     Bristol-Myers Squibb Co   15,105,289 
 751,650     Eli Lilly & Co   54,118,800 
 542,644  *,e  Endo International plc   43,199,889 
 5,133  *  Foundation Medicine, Inc   244,639 
 226,786  *,e  Insys Therapeutics, Inc   10,835,835 
 1,255,118     Johnson & Johnson   125,687,517 
 241,795  *  Mallinckrodt plc   25,627,852 
 1,098,997     Merck & Co, Inc   66,247,539 
 3,050,337     Pfizer, Inc   95,323,031 
 309,309  *,e  Qiagen NV (NASDAQ)   7,092,456 
 69,787  *  Salix Pharmaceuticals Ltd   9,398,215 
 401,825     Zoetis Inc   17,169,982 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   535,016,400 
             
REAL ESTATE - 3.1%     
 99,561     AvalonBay Communities, Inc   17,223,057 
 1,183,317     Brixmor Property Group, Inc   32,067,891 
 476,643  *  Forest City Enterprises, Inc (Class A)   11,677,754 
 554,748     Mack-Cali Realty Corp   10,823,134 
 315,360  *  Paramount Group, Inc   6,102,216 
 249,147     Post Properties, Inc   15,135,680 
 167,312     Potlatch Corp   6,669,056 
 369,170  *  Realogy Holdings Corp   17,166,405 
 935,593     Starwood Property Trust, Inc   22,388,741 
 98,848     Vornado Realty Trust   10,916,773 
 811,046     WP GLIMCHER, Inc   14,339,293 
       TOTAL REAL ESTATE   164,510,000 
             
RETAILING - 3.3%     
 108,343  e  American Eagle Outfitters, Inc   1,521,136 
 845,938     Best Buy Co, Inc   29,777,018 
 218,772     Dick’s Sporting Goods, Inc   11,299,574 
 1,012,854     DSW, Inc (Class A)   36,017,088 
 156,011     Expedia, Inc   13,406,025 
 3,373,324  *  Groupon, Inc   24,153,000 
 11,589,948  e  Hengdeli Holdings Ltd   2,167,798 
 14,425,820  *,e  Intime Retail Group Co Ltd   8,872,444 
 2,788,859  *,e  JC Penney Co, Inc   20,275,005 
 96,900  *,e  Lifestyle Properties Development Ltd   16,552 
 331,121     Target Corp   24,373,817 
       TOTAL RETAILING   171,879,457 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.9%     
 485,935      Applied Materials, Inc   11,098,756 
 1,657,312  *   Atmel Corp   13,805,409 
31

TIAA-CREF FUNDS - Large-Cap Value Fund

 

 SHARES     COMPANY  VALUE 
             
 1,035,842     Broadcom Corp (Class A)  $43,955,955 
 710,222     Intel Corp   23,465,735 
 276,050  *  Mellanox Technologies Ltd   12,151,721 
 2,343,093  *  ON Semiconductor Corp   23,454,361 
 1,397,793     Teradyne, Inc   25,300,053 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   153,231,990 
             
SOFTWARE & SERVICES - 4.5%     
 399,421  *  Autodesk, Inc   21,570,731 
 139,935  *,e  Cimpress NV   11,271,764 
 110,245  *  Citrix Systems, Inc   6,533,119 
 540,162  *  eBay, Inc   28,628,586 
 646,860  *  Fortinet, Inc   19,337,880 
 1,426,733     Microsoft Corp   57,640,013 
 288,509  *  Rackspace Hosting, Inc   12,971,365 
 1,426,982  *  Yahoo!, Inc   62,772,938 
 5,914,217  *  Zynga, Inc   15,140,395 
       TOTAL SOFTWARE & SERVICES   235,866,791 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 4.3%     
 4,971,132     Alcatel-Lucent (ADR)   17,150,405 
 329,247  *  Ciena Corp   6,097,654 
 2,602,635     Cisco Systems, Inc   68,618,472 
 441,583     Corning, Inc   10,496,428 
 1,193,233     EMC Corp   30,940,532 
 808,081     Hewlett-Packard Co   29,195,967 
 1,046,062  *  JDS Uniphase Corp   12,709,653 
 530,992     Juniper Networks, Inc   12,069,448 
 292,414  *  Keysight Technologies, Inc   9,763,704 
 2,219,697     Nokia Corp   16,869,697 
 201,516     Seagate Technology, Inc   11,373,563 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   225,285,523 
             
TELECOMMUNICATION SERVICES - 3.0%     
 2,269,564     AT&T, Inc   74,714,047 
 3,447,335  e  Frontier Communications Corp   23,148,855 
 974,901  *  Level 3 Communications, Inc   48,491,575 
 544,037     Telephone & Data Systems, Inc   12,648,860 
       TOTAL TELECOMMUNICATION SERVICES   159,003,337 
             
TRANSPORTATION - 2.7%     
 487,727     American Airlines Group, Inc   23,937,641 
 726,667  *,b,m  AMR Corp (Escrow)   7,266 
 804,029     Con-Way, Inc   32,941,068 
 626,233     CSX Corp   20,853,559 
 126,453     FedEx Corp   21,384,467 
 1,544,710  *  Hertz Global Holdings, Inc   31,697,449 
 108,064  *  UAL Corp   7,496,400 
 346,471  e  UTI Worldwide, Inc   4,112,611 
       TOTAL TRANSPORTATION   142,430,461 
32

TIAA-CREF FUNDS - Large-Cap Value Fund

 

 SHARES    COMPANY  VALUE 
             
UTILITIES - 4.1%     
 1,028,203     Centerpoint Energy, Inc  $23,741,207 
 301,782     Duke Energy Corp   26,297,284 
 228,320     Edison International   15,560,008 
 648,184     Exelon Corp   23,360,551 
 204,552     FirstEnergy Corp   8,249,582 
 645,888     NextEra Energy, Inc   70,556,805 
 822,696     NRG Energy, Inc   20,287,683 
 243,425     PG&E Corp   14,315,824 
 122,682     Sempra Energy   13,730,570 
       TOTAL UTILITIES   216,099,514 
             
       TOTAL COMMON STOCKS   5,228,598,914 
       (Cost $4,373,714,158)     
             
SHORT-TERM INVESTMENTS - 2.0%     
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.0%     
 107,253,167  c  TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		   107,253,167 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   107,253,167 
             
       TOTAL SHORT-TERM INVESTMENTS   107,253,167 
       (Cost $107,253,167)     
       TOTAL INVESTMENTS - 101.7%   5,335,852,081 
       (Cost $4,480,967,325)     
       OTHER ASSETS & LIABILITIES, NET - (1.7)%   (89,434,931)
       NET ASSETS - 100.0%  $5,246,417,150 
             
     
     
        Abbreviation(s):
      ADR    American Depositary Receipt
         
    *   Non-income producing.
    b   In bankruptcy.
    c   Investments made with cash collateral received from securities on loan.
    e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $103,182,115.
    m   Indicates a security that has been deemed illiquid.
33

TIAA-CREF FUNDS - Mid-Cap Growth Fund

 

TIAA-CREF FUNDS

MID-CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

SHARES     COMPANY  VALUE 
           
COMMON STOCKS - 99.1%   
           
AUTOMOBILES & COMPONENTS - 1.8%     
 155,485     Delphi Automotive plc  $10,686,484 
 141,720  *,e  Mobileye NV   5,582,351 
 71,850  *,e  Tesla Motors, Inc   14,628,660 
       TOTAL AUTOMOBILES & COMPONENTS   30,897,495 
             
BANKS - 1.0%     
 624,273     Investors Bancorp, Inc   6,873,246 
 82,131  *  Signature Bank   9,620,004 
       TOTAL BANKS   16,493,250 
             
CAPITAL GOODS - 6.4%     
 329,161     Allison Transmission Holdings, Inc   10,309,322 
 210,305     Fortune Brands Home & Security, Inc   9,419,561 
 654,814     Masco Corp   16,265,580 
 144,230  *  Middleby Corp   13,704,735 
 191,307     Paccar, Inc   11,499,464 
 162,677     Rockwell Collins, Inc   13,928,405 
 120,502     Roper Industries, Inc   18,598,279 
 73,418     TransDigm Group, Inc   15,089,601 
       TOTAL CAPITAL GOODS   108,814,947 
             
COMMERCIAL & PROFESSIONAL SERVICES - 1.2%     
 157,772  *  Stericycle, Inc   20,713,886 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   20,713,886 
             
CONSUMER DURABLES & APPAREL - 6.2%     
 180,737     Carter’s, Inc   14,728,258 
 341,135     DR Horton, Inc   8,364,630 
 152,844     Hanesbrands, Inc   17,023,765 
 345,632  e  Hasbro, Inc   18,982,110 
 105,394  *  Michael Kors Holdings Ltd   7,460,841 
 47,890  *  Mohawk Industries, Inc   7,903,766 
 130,603  *  Under Armour, Inc (Class A)   9,413,864 
 314,111     VF Corp   21,789,880 
       TOTAL CONSUMER DURABLES & APPAREL   105,667,114 
             
CONSUMER SERVICES - 3.2%     
 33,304  *  Chipotle Mexican Grill, Inc (Class A)   23,640,511 
 152,612     Marriott International, Inc (Class A)   11,369,594 
 3,235  *  Restaurant Brands International LP   120,019 
 320,300  *  Restaurant Brands International, Inc   12,389,204 
 5,978  *  Shake Shack, Inc   274,390 
 179,720  *,e  Zoe’s Kitchen, Inc  5,560,537 
       TOTAL CONSUMER SERVICES   53,354,255 
34

TIAA-CREF FUNDS - Mid-Cap Growth Fund

  

SHARES     COMPANY  VALUE 
             
DIVERSIFIED FINANCIALS - 6.7%     
 210,474     CBOE Holdings, Inc  $13,569,258 
 505,391  e  iShares Russell Midcap Growth Index Fund   46,329,193 
 247,806     Lazard Ltd (Class A)   11,349,515 
 291,375     McGraw-Hill Financial, Inc   26,060,580 
 186,306     Moody’s Corp   17,015,327 
       TOTAL DIVERSIFIED FINANCIALS   114,323,873 
             
ENERGY - 4.6%     
 193,363  *  Cheniere Energy, Inc   13,802,251 
 164,027  *  Concho Resources, Inc   18,182,393 
 125,955  *  Diamondback Energy, Inc   8,689,635 
 122,281     EQT Corp   9,102,598 
 458,917     Noble Energy, Inc   21,908,698 
 283,669  *  Southwestern Energy Co   7,032,154 
       TOTAL ENERGY   78,717,729 
             
FOOD & STAPLES RETAILING - 1.4%     
 349,797     Kroger Co   24,153,483 
       TOTAL FOOD & STAPLES RETAILING   24,153,483 
             
FOOD, BEVERAGE & TOBACCO - 6.4%     
 150,775  *  Constellation Brands, Inc (Class A)   16,653,099 
 31,585     Dr Pepper Snapple Group, Inc   2,440,573 
 128,285     Keurig Green Mountain, Inc   15,722,610 
 253,441     Lorillard, Inc   16,628,264 
 231,315     Mead Johnson Nutrition Co   22,782,214 
 152,263  *  Monster Beverage Corp   17,807,158 
 481,529  *  WhiteWave Foods Co (Class A)   15,876,011 
       TOTAL FOOD, BEVERAGE & TOBACCO   107,909,929 
             
HEALTH CARE EQUIPMENT & SERVICES - 6.5%     
 191,318  *  Acadia Healthcare Co, Inc   11,048,614 
 305,672  *  Air Methods Corp   12,700,672 
 115,000     AmerisourceBergen Corp   10,930,750 
 98,824  *  Centene Corp   10,787,628 
 272,666  *  Cerner Corp   18,091,389 
 364,724  *  Insulet Corp   10,719,238 
 34,114  *  Intuitive Surgical, Inc   16,868,691 
 287,838  *  Pediatrix Medical Group, Inc   19,541,322 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   110,688,304 
             
HOUSEHOLD & PERSONAL PRODUCTS - 1.0%     
 215,921  p  Church & Dwight Co, Inc   17,472,327 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   17,472,327 
             
INSURANCE - 0.7%     
 129,569     Aon plc   11,667,688 
       TOTAL INSURANCE   11,667,688 
35

TIAA-CREF FUNDS - Mid-Cap Growth Fund

 

SHARES     COMPANY  VALUE 
           
MATERIALS - 3.8%     
 126,852     Airgas, Inc  $14,288,609 
 354,619  *  Berry Plastics Group, Inc   11,993,215 
 143,710     FMC Corp   8,263,325 
 122,394     Methanex Corp (New)   5,397,575 
 180,000     RPM International, Inc   8,614,800 
 184,476     Valspar Corp   15,390,833 
       TOTAL MATERIALS   63,948,357 
             
MEDIA - 2.0%     
 40,032  *  Charter Communications, Inc   6,049,436 
 79,381  *  DISH Network Corp (Class A)   5,584,453 
 381,570  *  Eros International plc   7,158,253 
 146,049     Omnicom Group, Inc   10,632,367 
 55,905  *  Rentrak Corp   4,300,772 
       TOTAL MEDIA   33,725,281 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.3%     
 126,069  *  Alkermes plc   9,108,485 
 192,612  *  BioMarin Pharmaceuticals, Inc   18,714,182 
 146,591  *  Endo International plc   11,670,110 
 114,520  *,p  Illumina, Inc   22,353,159 
 99,817  *,e  Insys Therapeutics, Inc   4,769,256 
 101,490  *  Jazz Pharmaceuticals plc   17,186,317 
 500,000  *,e  Merrimack Pharmaceuticals, Inc   4,715,000 
 298,582  *  Mylan Laboratories, Inc   15,869,633 
 69,000  *,p  Pacira Pharmaceuticals, Inc   7,407,150 
 12,715  *  Spark Therapeutics, Inc   635,750 
 168,823  *  Vertex Pharmaceuticals, Inc   18,594,165 
 240,000     Zoetis Inc   10,255,200 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   141,278,407 
             
REAL ESTATE - 1.1%     
 213,569     Crown Castle International Corp   18,475,854 
       TOTAL REAL ESTATE   18,475,854 
             
RETAILING - 9.7%     
 106,840     Advance Auto Parts, Inc   16,987,560 
 16,428  *  AutoZone, Inc   9,806,859 
 167,500  *  Dollar Tree, Inc   11,909,250 
 172,312     Expedia, Inc   14,806,770 
 1,219,683  *,p  Groupon, Inc   8,732,930 
 276,591     Macy’s, Inc   17,668,633 
 32,823  *,p  NetFlix, Inc   14,501,201 
 54,925  *  O’Reilly Automotive, Inc   10,290,748 
 150,927  *,e  Restoration Hardware Holdings, Inc   13,210,640 
 113,779     Signet Jewelers Ltd   13,779,775 
 201,073     Tractor Supply Co   16,321,096 
 56,299  *  Ulta Salon Cosmetics & Fragrance, Inc   7,428,090 
36

TIAA-CREF FUNDS - Mid-Cap Growth Fund

 

SHARES     COMPANY  VALUE 
           
 389,225  *  Vipshop Holdings Ltd (ADR)  $8,714,748 
       TOTAL RETAILING   164,158,300 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.9%     
 166,333     Avago Technologies Ltd  17,112,339 
 404,188     ChipMOS TECHNOLOGIES Bermuda Ltd   9,486,292 
 195,959     Lam Research Corp   14,979,106 
 266,425  *  Mellanox Technologies Ltd   11,728,029 
 274,800  *  Micron Technology, Inc   8,042,022 
 102,180  *  NXP Semiconductors NV   8,106,961 
 167,895  p  Skyworks Solutions, Inc   13,943,680 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   83,398,429 
   
SOFTWARE & SERVICES - 13.7%  
 412,109     Activision Blizzard, Inc   8,611,018 
 254,814  *  Akamai Technologies, Inc   14,818,708 
 66,192  *  Alliance Data Systems Corp   19,118,235 
 332,283  *  Autodesk, Inc   17,944,944 
 208,258  *  DealerTrack Holdings, Inc   8,371,972 
 147,730  *  FleetCor Technologies, Inc   20,756,065 
 597,199  *  Fortinet, Inc   17,853,264 
 227,881  *  Guidewire Software, Inc   11,416,838 
 296,258  *  HomeAway, Inc   7,551,616 
 137,397     Intuit, Inc   11,928,807 
 38,775  *  LendingClub Corp   727,807 
 82,410  *  LinkedIn Corp   18,520,824 
 700,515  *,e  MobileIron, Inc   6,143,516 
 458,642  *  QLIK Technologies, Inc   13,025,433 
 95,776  *  Red Hat, Inc   6,109,551 
 169,384  *  ServiceNow, Inc   12,348,094 
 562,551  *  Vantiv, Inc   19,346,129 
 415,342  *  VeriFone Systems, Inc   13,037,585 
 83,798   *,e,p  Yelp, Inc   4,396,881 
       TOTAL SOFTWARE & SERVICES   232,027,287 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 2.9%     
 189,000     Amphenol Corp (Class A)   10,151,190 
 54,973  *  F5 Networks, Inc   6,136,086 
 42,674  *  Palo Alto Networks, Inc   5,393,567 
 127,176     SanDisk Corp   9,653,930 
 94,303  *,e  Stratasys Ltd   7,496,145 
 112,220  p  Western Digital Corp   10,911,151 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   49,742,069 
             
TELECOMMUNICATION SERVICES - 2.7%     
 284,345  *  Level 3 Communications, Inc   14,143,320 
 614,778  *  RingCentral, Inc   8,299,503 
 206,273  *  SBA Communications Corp (Class A)   24,072,059 
       TOTAL TELECOMMUNICATION SERVICES   46,514,882 
37

TIAA-CREF FUNDS - Mid-Cap Growth Fund

 

SHARES     COMPANY  VALUE 
           
TRANSPORTATION - 2.9%     
 76,264     CH Robinson Worldwide, Inc  $5,431,522 
 169,475     Ryder System, Inc   14,030,835 
 333,000     Southwest Airlines Co   15,044,940 
 188,771  *  Spirit Airlines, Inc   13,995,482 
       TOTAL TRANSPORTATION   48,502,779 
             
       TOTAL COMMON STOCKS   1,682,645,925 
       (Cost $1,445,139,600)     
             
SHORT-TERM INVESTMENTS - 6.2%  
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 6.2%      
  104,875,970   c   TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		     104,875,970  
          TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES     104,875,970  
          TOTAL SHORT-TERM INVESTMENTS     104,875,970  
          (Cost $104,875,970)        
                   
          TOTAL INVESTMENTS - 105.3%     1,787,521,895  
          (Cost $1,550,015,570)        
          OTHER ASSETS & LIABILITIES, NET - (5.3)%     (90,019,504 )
          NET ASSETS - 100.0%   $ 1,697,502,391  
       
       
    Abbreviation(s):
    ADR     American Depositary Receipt
     
*   Non-income producing.
c   Investments made with cash collateral received from securities on loan.
e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $101,375,311.
p   All or a portion of these securities have been segregated by the custodian to cover margin requirements on open written options contracts.
38

TIAA-CREF FUNDS - Mid-Cap Value Fund

 

TIAA-CREF FUNDS

MID-CAP VALUE FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

SHARES     COMPANY  VALUE 
           
COMMON STOCKS - 98.4%     
             
AUTOMOBILES & COMPONENTS - 1.4%     
 155,000  e  Autoliv, Inc  $16,439,300 
 200,000     Lear Corp   20,070,000 
 133,000     Magna International, Inc (Class A) (NY)   12,770,660 
 130,000  *  TRW Automotive Holdings Corp   13,412,100 
 100,000  *  Visteon Corp   9,695,000 
       TOTAL AUTOMOBILES & COMPONENTS   72,387,060 
             
BANKS - 6.8%     
 659,627     BankUnited   18,245,283 
 559,950     CIT Group, Inc   24,537,009 
 76,787     Cullen/Frost Bankers, Inc   4,783,830 
 417,507     East West Bancorp, Inc   15,105,403 
 422,000  *  Essent Group Ltd   9,870,580 
 2,406,802     Fifth Third Bancorp   41,637,675 
 400,000     First Horizon National Corp   5,196,000 
 1,252,519  *  Hilltop Holdings, Inc   22,733,220 
 3,389,170     Huntington Bancshares, Inc   33,959,484 
 1,322,738     Investors Bancorp, Inc   14,563,345 
 3,222,167     Keycorp   41,855,949 
 227,105     M&T Bank Corp   25,699,202 
 2,000,000     Regions Financial Corp   17,400,000 
 874,308     SunTrust Banks, Inc   33,590,913 
 673,624     Synovus Financial Corp   17,359,290 
 982,368     TCF Financial Corp   14,440,810 
 303,552     Zions Bancorporation   7,273,106 
       TOTAL BANKS   348,251,099 
             
CAPITAL GOODS - 4.4%     
 124,369  *  Armstrong World Industries, Inc   6,305,508 
 265,239     Crane Co   16,166,317 
 309,445     Exelis, Inc   5,294,604 
 240,015     Fortune Brands Home & Security, Inc   10,750,272 
 205,000     Hubbell, Inc (Class B)   21,738,200 
 211,209     Ingersoll-Rand plc   14,024,278 
 440,027     ITT Corp   15,757,367 
 240,680     KBR, Inc   3,978,440 
 510,033     Masco Corp   12,669,220 
 520,655     Paccar, Inc   31,296,572 
 147,356     Rockwell Collins, Inc   12,616,621 
 152,267     SPX Corp   12,724,953 
 270,017     Terex Corp   6,069,982 
 618,892     Textron, Inc   26,340,043 
 208,000  *  WABCO Holdings, Inc   19,795,360 
 121,813     Westinghouse Air Brake Technologies Corp   10,165,295 
       TOTAL CAPITAL GOODS   225,693,032 

39

TIAA-CREF FUNDS - Mid-Cap Value Fund

 

SHARES     COMPANY  VALUE 
           
COMMERCIAL & PROFESSIONAL SERVICES - 0.3%     
 451,889     Republic Services, Inc  $17,930,955 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   17,930,955 
             
CONSUMER DURABLES & APPAREL - 2.2%     
 700,000     DR Horton, Inc   17,164,000 
 663,099  *  Jarden Corp   31,842,014 
 425,000     Mattel, Inc   11,432,500 
 830,052     Newell Rubbermaid, Inc   30,604,017 
 6,500  *  NVR, Inc   8,152,495 
 400,000  *  Steven Madden Ltd   13,736,000 
       TOTAL CONSUMER DURABLES & APPAREL   112,931,026 
             
CONSUMER SERVICES - 1.9%     
 192,572     ARAMARK Holdings Corp   6,031,355 
 373,300     Darden Restaurants, Inc   22,913,154 
 1,350,086  *  Denny’s Corp   14,688,935 
 455,606     Extended Stay America, Inc   9,011,887 
 320,022     Interval Leisure Group, Inc   7,386,108 
 294,710     Marriott International, Inc (Class A)   21,955,895 
 428,925  *  Restaurant Brands International, Inc   16,590,819 
       TOTAL CONSUMER SERVICES   98,578,153 
             
DIVERSIFIED FINANCIALS - 3.8%     
 500,000  *  Ally Financial, Inc   9,355,000 
 480,378     Ameriprise Financial, Inc   60,018,427 
 540,302     Blackstone Group LP   20,174,877 
 247,557     Discover Financial Services   13,462,150 
 1,227,960  *  E*Trade Financial Corp   28,304,478 
 717,129     Invesco Ltd   26,340,148 
 281,414     Lazard Ltd (Class A)   12,888,761 
 445,027     Raymond James Financial, Inc   23,417,321 
       TOTAL DIVERSIFIED FINANCIALS   193,961,162 
             
ENERGY - 8.0%     
 467,000     Anadarko Petroleum Corp   38,177,250 
 188,000     Apache Corp   11,763,160 
 633,627     Baker Hughes, Inc   36,744,029 
 1,693,393     Capital Product Partners LP   15,511,480 
 50,000  *  Concho Resources, Inc   5,542,500 
 445,000     Consol Energy, Inc   12,882,750 
 125,000  *,e  Continental Resources, Inc   5,675,000 
 124,681  *  Diamondback Energy, Inc   8,601,742 
 154,660  *  Dresser-Rand Group, Inc   12,385,173 
 137,532  *  Dril-Quip, Inc   10,209,000 
 320,000     Energen Corp   20,294,400 
 294,710     EQT Corp   21,938,212 
 800,000     Gibson Energy, Inc   14,234,674 
 950,000     Nabors Industries Ltd   10,934,500 
40

TIAA-CREF FUNDS - Mid-Cap Value Fund

 

SHARES     COMPANY  VALUE 
           
 492,000     Noble Energy, Inc  $23,488,080 
 127,707     Oceaneering International, Inc   6,686,739 
 163,363     Oneok, Inc   7,192,873 
 434,219     Patterson-UTI Energy, Inc   7,451,198 
 196,473     Questar Market Resources, Inc   3,972,684 
 726,952     Rowan Cos plc   15,353,226 
 180,000     SemGroup Corp   12,119,400 
 70,000     Shell Midstream Partners LP   2,801,400 
 425,100     Superior Energy Services   8,502,000 
 220,000  e  Targa Resources Investments, Inc   19,102,600 
 368,388     Tesco Corp   3,772,293 
 451,889     Tesoro Corp   36,932,888 
 471,536  *  Weatherford International Ltd   4,870,967 
 350,000  *  Whiting Petroleum Corp   10,507,000 
 557,831     Williams Cos, Inc   24,466,468 
       TOTAL ENERGY   412,113,686 
              
FOOD & STAPLES RETAILING - 0.4%      
 272,660     Kroger Co   18,827,173 
       TOTAL FOOD & STAPLES RETAILING   18,827,173 
              
FOOD, BEVERAGE & TOBACCO - 3.1%      
 221,032     Archer Daniels Midland Co   10,306,722 
 240,680     Ingredion, Inc   19,408,435 
 415,000     Lorillard, Inc   27,228,150 
 260,000     Molson Coors Brewing Co (Class B)   19,741,800 
 373,300     Reynolds American, Inc   25,365,735 
 95,289  e  Sanderson Farms, Inc   7,619,309 
 1,345,844     Tyson Foods, Inc (Class A)   52,541,750 
       TOTAL FOOD, BEVERAGE & TOBACCO   162,211,901 
              
HEALTH CARE EQUIPMENT & SERVICES - 7.5%      
 862,335  *  Allscripts Healthcare Solutions, Inc   10,270,410 
 2,150,000  *  Boston Scientific Corp   31,841,500 
 900,000     Cardinal Health, Inc   74,871,000 
 779,000  *  CareFusion Corp   46,194,700 
 451,889     Cigna Corp   48,275,302 
 180,000     Healthsouth Corp   7,938,000 
 720,000  *  Hologic, Inc   21,862,800 
 273,000     Humana, Inc   39,978,120 
 510,832     Omnicare, Inc   38,302,183 
 284,887  *  Tenet Healthcare Corp   12,045,022 
 255,416     Universal Health Services, Inc (Class B)   26,187,803 
 257,380     Zimmer Holdings, Inc   28,852,298 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   386,619,138 
              
INSURANCE - 7.2%      
 319,270     ACE Ltd   34,468,389 
 343,829     Aon plc   30,961,802 
 280,017  *  Arch Capital Group Ltd   16,232,586 
 334,005     Axis Capital Holdings Ltd   17,000,855 
 1,100,000     Conseco, Inc   17,072,000 
41

TIAA-CREF FUNDS - Mid-Cap Value Fund

 

SHARES     COMPANY  VALUE 
           
 124,761     Everest Re Group Ltd  $21,381,540 
 540,302     FNF Group   18,964,600 
 1,326,197     Hartford Financial Services Group, Inc   51,589,063 
 221,032     Intact Financial Corp   14,771,415 
 618,892     Marsh & McLennan Cos, Inc   33,277,823 
 196,473     PartnerRe Ltd   22,476,511 
 425,026     Principal Financial Group   19,946,470 
 162,091     RenaissanceRe Holdings Ltd   15,500,762 
 383,324     UnumProvident Corp   11,906,044 
 280,017     Validus Holdings Ltd   11,102,674 
 1,016,751     XL Capital Ltd   35,067,742 
       TOTAL INSURANCE   371,720,276 
             
MATERIALS - 4.9%     
 382,636     Albemarle Corp   18,466,013 
 216,121     Ashland, Inc   25,614,661 
 260,000     Axiall Corp   11,505,000 
 763,942  *  Berry Plastics Group, Inc   25,836,518 
 275,063     Celanese Corp (Series A)   14,787,387 
 420,000  *  Crown Holdings, Inc   18,610,200 
 470,029     Cytec Industries, Inc   22,556,692 
 785,895  *  Ferro Corp   8,747,011 
 880,000  *  Louisiana-Pacific Corp   14,405,600 
 330,000     MeadWestvaco Corp   16,592,400 
 716,000     Nucor Corp   31,253,400 
 152,267     Schweitzer-Mauduit International, Inc   5,917,096 
 412,595  *  WR Grace & Co   35,763,735 
       TOTAL MATERIALS   250,055,713 
             
MEDIA - 2.2%     
 859,572  *  DISH Network Corp (Class A)   60,470,890 
 1,424,434     Interpublic Group of Cos, Inc   28,403,214 
 150,000  *  Madison Square Garden, Inc   11,362,500 
 267,778     MDC Partners, Inc   6,399,894 
 155,000  *  Tribune Co   9,127,950 
       TOTAL MEDIA   115,764,448 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 4.2%     
 172,000  *  Actavis plc   45,844,880 
 559,950     Agilent Technologies, Inc   21,149,312 
 607,514  *  Biovitrum AB   6,367,865 
 101,887     Lonza Group AG.   12,067,110 
 279,334  *  Mallinckrodt plc   29,606,611 
 383,123  *  Mylan Laboratories, Inc   20,362,987 
 330,020  *  PerkinElmer, Inc   15,085,214 
 222,998     Perrigo Co plc   33,837,716 
 243,000  *,e  Salix Pharmaceuticals Ltd   32,724,810 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   217,046,505 
             
REAL ESTATE - 12.0%     
 350,022     American Assets Trust,Inc   15,533,976 
42

TIAA-CREF FUNDS - Mid-Cap Value Fund

 

SHARES     COMPANY  VALUE 
           
 324,182     AvalonBay Communities, Inc  $56,080,244 
 513,932     Blackstone Mortgage Trust, Inc   15,006,815 
 241,000     Boston Properties, Inc   33,450,800 
 890,000     Brixmor Property Group, Inc   24,119,000 
 1,455,000     DDR Corp   28,518,000 
 382,664     Gaming and Leisure Properties, Inc   12,486,326 
 1,079,793     General Growth Properties, Inc   32,588,153 
 820,000     HCP, Inc   38,777,800 
 1,420,088     Host Marriott Corp   32,505,814 
 735,000     Kennedy-Wilson Holdings, Inc   19,543,650 
 339,000     Kilroy Realty Corp   25,136,850 
 755,048     Kimco Realty Corp   20,877,077 
 235,769     Macerich Co   20,278,492 
 569,773     Mack-Cali Realty Corp   11,116,271 
 2,357,684     MFA Mortgage Investments, Inc   18,484,243 
 550,000     Parkway Properties, Inc   10,065,000 
 501,008     Pennsylvania REIT   11,989,122 
 825,000     Prologis, Inc   37,240,500 
 178,000     SL Green Realty Corp   22,428,000 
 982,368     Starwood Property Trust, Inc   23,508,066 
 103,006     Taubman Centers, Inc   8,441,342 
 1,306,550     Two Harbors Investment Corp   13,483,596 
 355,000     Vornado Realty Trust   39,206,200 
 648,363     Weingarten Realty Investors   24,300,645 
 1,410,000     WP GLIMCHER, Inc   24,928,800 
       TOTAL REAL ESTATE   620,094,782 
             
RETAILING - 3.5%     
 305,000  e  Abercrombie & Fitch Co (Class A)   7,783,600 
 105,000     Advance Auto Parts, Inc   16,695,000 
 496,096  *  Ann Taylor Stores Corp   16,420,778 
 900,000     Best Buy Co, Inc   31,680,000 
 510,000     DSW, Inc (Class A)   18,135,600 
 1,208,313  *  Liberty Interactive Corp   33,059,444 
 145,000  *  Liberty Ventures   5,415,750 
 476,448     Macy’s, Inc   30,435,498 
 1,105,164     Staples, Inc   18,843,046 
       TOTAL RETAILING   178,468,716 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.4%     
 1,190,000     Applied Materials, Inc   27,179,600 
 176,826     Avago Technologies Ltd   18,191,859 
 580,000     Broadcom Corp (Class A)   24,612,300 
 373,300     Lam Research Corp   28,535,052 
 1,230,000  *  Micron Technology, Inc   35,995,950 
 392,947  *  NXP Semiconductors NV   31,176,415 
 579,598     Teradyne, Inc   10,490,724 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   176,181,900 
             
SOFTWARE & SERVICES - 1.6%     
 775,000     CA, Inc   23,482,500 
 167,003  *  Citrix Systems, Inc   9,896,598 
43

TIAA-CREF FUNDS - Mid-Cap Value Fund

 

SHARES     COMPANY  VALUE 
           
 3,782,118     Xerox Corp  $49,810,494 
       TOTAL SOFTWARE & SERVICES   83,189,592 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 4.8%     
 426,727  *  Arrow Electronics, Inc   23,487,054 
 475,135     Avnet, Inc   19,775,119 
 1,460,000     Brocade Communications Systems, Inc   16,235,200 
 471,536  *  Ciena Corp   8,732,847 
 1,596,348  *  JDS Uniphase Corp   19,395,628 
 491,185     Juniper Networks, Inc   11,164,635 
 279,975  *  Keysight Technologies, Inc   9,348,365 
 402,771     NetApp, Inc   15,224,744 
 603,941     Seagate Technology, Inc   34,086,430 
 785,895     TE Connectivity Ltd   52,175,569 
 412,595     Western Digital Corp   40,116,612 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   249,742,203 
             
TELECOMMUNICATION SERVICES - 1.0%     
 638,539  *  Level 3 Communications, Inc   31,760,930 
 471,536     Telephone & Data Systems, Inc   10,963,212 
 337,352     T-Mobile US, Inc   10,181,283 
       TOTAL TELECOMMUNICATION SERVICES   52,905,425 
             
TRANSPORTATION - 2.2%     
 160,000     Alaska Air Group, Inc   10,859,200 
 350,000     American Airlines Group, Inc   17,178,000 
 230,000  *  Avis Budget Group, Inc   13,181,300 
 231,132     Costamare, Inc   3,947,735 
 690,000     CSX Corp   22,977,000 
 170,000     Delta Air Lines, Inc   8,042,700 
 200,000     Ryder System, Inc   16,558,000 
 545,716     Safe Bulkers, Inc   1,959,120 
 235,769  *  UAL Corp   16,355,295 
       TOTAL TRANSPORTATION   111,058,350 
             
UTILITIES - 11.6%     
 392,947     American Water Works Co, Inc   22,060,045 
 805,542  *  Calpine Corp   16,819,717 
 1,377,086     Centerpoint Energy, Inc   31,796,916 
 835,013     CMS Energy Corp   31,505,041 
 535,391     DTE Energy Co   48,003,157 
 854,661     Edison International   58,245,147 
 165,011     National Fuel Gas Co   10,466,648 
 903,778     NiSource, Inc   39,097,436 
 329,249     Northeast Utilities   18,299,659 
 375,024     NorthWestern Corp   21,661,386 
 766,248     NRG Energy, Inc   18,895,676 
 717,129     OGE Energy Corp   25,228,598 
 306,099     PG&E Corp   18,001,682 
 1,159,194     PPL Corp   41,151,387 
 893,955     Public Service Enterprise Group, Inc   38,153,999 
 360,022     Questar Corp   9,342,571 

44

TIAA-CREF FUNDS - Mid-Cap Value Fund

 

SHARES     COMPANY  VALUE 
           
 643,451     Sempra Energy  $72,015,036 
 410,000     Southwest Gas Corp   25,198,600 
 304,534     UIL Holdings Corp   14,008,564 
 982,368     Xcel Energy, Inc   36,868,271 
       TOTAL UTILITIES   596,819,536 
             
       TOTAL COMMON STOCKS   5,072,551,831 
       (Cost $3,632,166,488)     
             
SHORT-TERM INVESTMENTS - 1.3%    
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.3%    
 67,349,859  c  TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		   67,349,859 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   67,349,859 
       TOTAL SHORT-TERM INVESTMENTS   67,349,859 
       (Cost $67,349,859)     
             
       TOTAL INVESTMENTS - 99.7%   5,139,901,690 
       (Cost $3,699,516,347)     
       OTHER ASSETS & LIABILITIES, NET - 0.3%   17,092,479 
       NET ASSETS - 100.0%  $5,156,994,169 

       
       
  Abbreviation(s):
    REIT     Real Estate Investment Trust
     
  *   Non-income producing.
  c   Investments made with cash collateral received from securities on loan.
  e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $65,965,008.
45

TIAA-CREF FUNDS - Small-Cap Equity Fund

 

TIAA-CREF FUNDS

SMALL-CAP EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

SHARES     COMPANY  VALUE 
             
COMMON STOCKS - 99.4%      
             
AUTOMOBILES & COMPONENTS - 1.2%     
 667,900     Dana Holding Corp  $13,939,073 
 349,374  *  Tenneco, Inc   17,964,811 
       TOTAL AUTOMOBILES & COMPONENTS   31,903,884 
             
BANKS - 7.9%      
 179,243     Banner Corp   7,237,832 
 227,105     Boston Private Financial Holdings, Inc   2,498,155 
 767,511     Brookline Bancorp, Inc   7,368,106 
 1,085,349     Capitol Federal Financial   13,523,448 
 757,975     Cathay General Bancorp   18,108,023 
 627,200     First Commonwealth Financial Corp   4,948,608 
 750,011     FirstMerit Corp   12,288,930 
 1,535,584     Investors Bancorp, Inc   16,906,780 
 2,171,898  *  MGIC Investment Corp   18,504,571 
 1,218,047     National Penn Bancshares, Inc   11,815,056 
 503,000     Old National Bancorp   6,745,230 
 488,981     Oritani Financial Corp   6,899,522 
 561,557     PrivateBancorp, Inc   17,037,639 
 340,643     Prosperity Bancshares, Inc   15,598,043 
 798,475     Provident Financial Services, Inc   13,861,526 
 412,718     Sterling Bancorp/DE   5,439,623 
 510,500     Umpqua Holdings Corp   7,917,855 
 429,275     Webster Financial Corp   13,105,766 
 510,500  *  Western Alliance Bancorp   13,124,955 
       TOTAL BANKS   212,929,668 
             
CAPITAL GOODS - 8.2%      
 111,730     Acuity Brands, Inc   16,747,210 
 220,975  *  Aerovironment, Inc   5,654,750 
 214,656  *  American Woodmark Corp   8,828,801 
 326,438     Applied Industrial Technologies, Inc   13,197,888 
 158,100     Clarcor, Inc   9,885,993 
 355,270     Comfort Systems USA, Inc   5,915,245 
 105,300     Cubic Corp   5,506,137 
 114,589     Curtiss-Wright Corp   7,623,606 
 98,882  *  DXP Enterprises, Inc   4,056,140 
 362,986     EMCOR Group, Inc   14,650,115 
 146,093     EnerSys   8,528,909 
 206,221     Hexcel Corp   9,121,155 
 224,416  *  II-VI, Inc   3,857,711 
 183,235     John Bean Technologies Corp   5,531,865 
 81,704     LB Foster Co (Class A)   3,873,587 
 336,500  *  Mastec, Inc   6,231,980 
 276,570     Mueller Industries, Inc   8,681,532 
46

TIAA-CREF FUNDS - Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
              
 490,077  *  Orbital Sciences Corp  $13,766,263 
 75,777  *,e  Proto Labs, Inc   4,879,281 
 281,365  *,e  Taser International, Inc   7,599,669 
 137,600  *  Teledyne Technologies, Inc   13,077,504 
 130,594     Tennant Co   8,516,035 
 386,136  *  Thermon Group Holdings   7,896,481 
 105,300     Toro Co   6,835,023 
 133,550     Universal Forest Products, Inc   6,685,513 
 138,670  *  WABCO Holdings, Inc   13,197,224 
       TOTAL CAPITAL GOODS   220,345,617 
              
COMMERCIAL & PROFESSIONAL SERVICES - 4.2%        
 271,180     ABM Industries, Inc   7,828,966 
 274,367     Herman Miller, Inc   7,970,361 
 270,000     HNI Corp   13,297,500 
 187,890  *  Huron Consulting Group, Inc   14,133,086 
 364,886  *  Korn/Ferry International   10,399,251 
 142,400     Mobile Mini, Inc   5,169,120 
 346,221     Resources Connection, Inc   5,781,891 
 468,121     Rollins, Inc   15,471,399 
 545,927  *  TrueBlue, Inc   12,043,150 
 203,232     Viad Corp   5,483,199 
 288,075  *  WageWorks, Inc   15,855,648 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   113,433,571 
              
CONSUMER DURABLES & APPAREL - 2.1%        
 448,450     Brunswick Corp   24,341,866 
 134,800     Columbia Sportswear Co   5,729,000 
 495,873  *  CROCS, Inc   5,256,254 
 78,300  *  G-III Apparel Group Ltd   7,610,760 
 243,200     La-Z-Boy, Inc   6,491,008 
 229,605  *  Steven Madden Ltd   7,884,635 
       TOTAL CONSUMER DURABLES & APPAREL   57,313,523 
              
CONSUMER SERVICES - 4.9%        
 729,769  *  Belmond Ltd.   8,020,161 
 52,600  *  Buffalo Wild Wings, Inc   9,379,632 
 149,340     DineEquity, Inc   15,942,045 
 87,765     Domino’s Pizza, Inc   8,693,123 
 312,351  *  Grand Canyon Education, Inc   13,687,221 
 239,249  *  Hyatt Hotels Corp   13,460,148 
 122,100     Jack in the Box, Inc   10,352,859 
 160,541     Marriott Vacations Worldwide Corp   12,281,387 
 128,100  *  Popeyes Louisiana Kitchen, Inc   7,355,502 
 678,249     Service Corp International   15,348,775 
 194,700     Vail Resorts, Inc   17,086,872 
       TOTAL CONSUMER SERVICES   131,607,725 
              
DIVERSIFIED FINANCIALS - 0.8%        
 701,710     BGC Partners, Inc (Class A)   5,494,389 
 233,542     Evercore Partners, Inc (Class A)   11,179,656 
 43,000     iShares Russell 2000 Index Fund   4,975,100 
       TOTAL DIVERSIFIED FINANCIALS   21,649,145 
47

TIAA-CREF FUNDS - Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
              
ENERGY - 3.6%        
 400,000  *  C&J Energy Services, Inc  $4,120,000 
 327,702     Delek US Holdings, Inc   10,109,607 
 342,100     Green Plains Renewable Energy, Inc   8,008,561 
 501,468  *  Helix Energy Solutions Group, Inc   9,412,554 
 759,060  *  Kosmos Energy LLC   6,656,956 
 386,982  *  Matrix Service Co   7,430,054 
 762,946  *  Newpark Resources, Inc   6,591,853 
 292,000     Patterson-UTI Energy, Inc   5,010,720 
 1,050,974  *  Pioneer Energy Services Corp   4,351,032 
 637,298  *  Renewable Energy Group, Inc   5,569,985 
 122,800     St. Mary Land & Exploration Co   4,644,296 
 202,784  *  Stone Energy Corp   2,855,199 
 70,462  e  Targa Resources Investments, Inc   6,118,216 
 202,300  e  US Silica Holdings Inc   5,097,960 
 478,929  *  Vaalco Energy, Inc   2,653,267 
 199,000     Western Refining, Inc   7,388,870 
       TOTAL ENERGY   96,019,130 
              
FOOD & STAPLES RETAILING - 0.8%        
 782,300  *  Supervalu, Inc   7,619,602 
 144,200  *  United Natural Foods, Inc   11,143,776 
 49,632     Weis Markets, Inc   2,274,635 
       TOTAL FOOD & STAPLES RETAILING   21,038,013 
              
FOOD, BEVERAGE & TOBACCO - 1.4%        
 510,500     Dean Foods Co   9,250,260 
 96,278     J&J Snack Foods Corp   9,446,797 
 105,265  e  Sanderson Farms, Inc   8,416,990 
 122,477  *  TreeHouse Foods, Inc   11,108,664 
       TOTAL FOOD, BEVERAGE & TOBACCO   38,222,711 
              
HEALTH CARE EQUIPMENT & SERVICES - 6.7%        
 103,904  *  Abiomed, Inc   5,375,993 
 185,770  *  Align Technology, Inc   9,855,098 
 575,424  *  AMN Healthcare Services, Inc   10,829,480 
 209,900  *  Angiodynamics, Inc   4,039,526 
 102,177  *  Anika Therapeutics, Inc   4,003,295 
 87,492  e  Computer Programs & Systems, Inc   4,309,856 
 177,628  *  Cyberonics, Inc   9,870,788 
 385,431  *  Cynosure, Inc (Class A)   11,647,725 
 969,192  *  Five Star Quality Care, Inc   3,372,788 
 311,658  *  Globus Medical, Inc   7,348,896 
 322,954  *  HealthStream, Inc   9,126,680 
 135,943  *  ICU Medical, Inc   11,362,116 
 488,626  *  MedAssets, Inc   9,044,467 
 257,939  *  Natus Medical, Inc   9,698,506 
 277,390  *  NuVasive, Inc   12,848,705 
 243,916  *  Omnicell, Inc   7,763,846 
 750,245  *  OraSure Technologies, Inc   6,894,752 
48

TIAA-CREF FUNDS - Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
              
 297,443  *  PharMerica Corp  $6,844,163 
 235,430  *  Premier, Inc   7,651,475 
 635,638     Quality Systems, Inc   10,354,543 
 413,300     Select Medical Holdings Corp   5,587,816 
 155,074  *  Thoratec Corp   5,565,606 
 101,333  *  WellCare Health Plans, Inc   7,382,109 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   180,778,229 
              
INSURANCE - 2.9%        
 266,437     Aspen Insurance Holdings Ltd   11,542,051 
 210,500     Assured Guaranty Ltd   5,140,410 
 70,200     Endurance Specialty Holdings Ltd   4,290,624 
 294,465     HCI Group, Inc   13,607,228 
 856,610     Maiden Holdings Ltd   10,707,625 
 759,792  *  MBIA, Inc   6,093,532 
 297,690     Montpelier Re Holdings Ltd   10,457,850 
 540,279  *  Third Point Reinsurance Ltd   7,147,891 
 223,407     Validus Holdings Ltd   8,858,087 
       TOTAL INSURANCE   77,845,298 
              
MATERIALS - 4.4%        
 240,890     A. Schulman, Inc   8,395,017 
 551,200  *  Berry Plastics Group, Inc   18,641,584 
 388,784  *  Boise Cascade Co   15,722,425 
 463,680  *,e  Coeur d’Alene Mines Corp   2,921,184 
 503,200     Commercial Metals Co   6,752,944 
 349,981     Globe Specialty Metals, Inc   5,396,707 
 285,419  *,e  Horsehead Holding Corp   3,836,031 
 214,370     Innospec, Inc   8,461,184 
 262,540     Minerals Technologies, Inc   17,151,738 
 158,480     OM Group, Inc   4,437,440 
 608,735  *  Resolute Forest Products   10,348,495 
 343,914     Schnitzer Steel Industries, Inc (Class A)   5,805,268 
 154,393     Sensient Technologies Corp   9,417,973 
       TOTAL MATERIALS   117,287,990 
              
MEDIA - 1.0%        
 535,861  *  Journal Communications, Inc (Class A)   5,385,403 
 518,680  *  Live Nation, Inc   12,329,024 
 359,400     Time, Inc   8,999,376 
       TOTAL MEDIA   26,713,803 
              
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.3%        
 238,900  *,e  Acadia Pharmaceuticals, Inc   7,269,727 
 45,685  *,e  Acceleron Pharma, Inc   1,803,187 
 313,100  *,e  Achillion Pharmaceuticals, Inc   4,649,535 
 267,300  *  Acorda Therapeutics, Inc   11,106,315 
 745,448  *,e  Affymetrix, Inc   8,229,746 
 87,000  *  Alder Biopharmaceuticals, Inc   2,355,960 
 84,579  *,e  AMAG Pharmaceuticals, Inc   3,737,546 
 61,200  *,e  ANI Pharmaceuticals, Inc   3,425,364 
 575,300  *,e  Arena Pharmaceuticals, Inc   2,479,543 
49

TIAA-CREF FUNDS - Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
         
 180,000  *,e  Arrowhead Research Corp  $1,135,800 
 380,597  *  Cambrex Corp   8,536,791 
 107,296  *,e  Cara Therapeutics Inc   1,157,724 
 377,258  *  Catalent, Inc   10,419,866 
 201,400  *,e  Celldex Therapeutics, Inc   4,313,988 
 151,704  *  Cepheid, Inc   8,572,793 
 629,396  *,e  CTI BioPharma Corp   1,384,671 
 422,982  *,e  Cytokinetics, Inc   2,998,942 
 678,552  *  Depomed, Inc   12,397,145 
 722,707  *  Dyax Corp   10,920,103 
 96,889  *,e  Genomic Health, Inc   3,127,577 
 68,016  *  Hyperion Therapeutics, Inc   1,720,805 
 428,170  *  Impax Laboratories, Inc   15,700,994 
 79,900  *  INC Research Holdings, Inc   1,861,670 
 396,900  *  Infinity Pharmaceuticals, Inc   6,128,136 
 217,400  *  Insmed, Inc   3,361,004 
 297,470  *,e  Isis Pharmaceuticals, Inc   20,379,670 
 51,600  *,e  Karyopharm Therapeutics, Inc   1,368,948 
 222,600  *  Lannett Co, Inc   10,557,918 
 101,000  *  MacroGenics, Inc   3,193,620 
 413,770  *  Medicines Co   11,862,786 
 191,082  *  Momenta Pharmaceuticals, Inc   2,057,953 
 150,519  *  NPS Pharmaceuticals, Inc   6,902,801 
 66,300  *  Parexel International Corp   4,041,648 
 226,100  *  PRA Health Sciences, Inc   5,907,993 
 355,344  *  Prestige Brands Holdings, Inc   12,174,086 
 206,821  *,e  Prothena Corp plc   4,680,359 
 45,451  *,e  Puma Biotechnology, Inc   9,593,797 
 48,100  *  Receptos, Inc   5,299,177 
 128,281  *  Sagent Pharmaceuticals   3,292,973 
 244,641  *,e  Sangamo Biosciences, Inc   3,128,958 
 20,411  *  Spark Therapeutics, Inc   1,020,550 
 461,000  *,e  Spectrum Pharmaceuticals, Inc   3,227,000 
 96,800  *,e  TESARO, Inc   3,894,264 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   251,379,433 
              
REAL ESTATE - 9.6%        
 354,990     Chesapeake Lodging Trust   13,035,233 
 1,463,582     Cousins Properties, Inc   16,157,945 
 839,044     CubeSmart   20,674,044 
 1,362,032     DiamondRock Hospitality Co   19,790,325 
 575,770     DuPont Fabros Technology, Inc   21,453,190 
 196,170     EastGroup Properties, Inc   12,680,429 
 320,800     Entertainment Properties Trust   20,871,248 
 244,242     Extra Space Storage, Inc   16,119,972 
 166,567     Lamar Advertising Co   9,331,083 
 521,100     LaSalle Hotel Properties   21,083,706 
 1,183,040     Lexington Corporate Properties Trust   13,498,486 
 179,263     LTC Properties, Inc   8,411,020 
 109,729     Potlatch Corp   4,373,798 
 123,178     PS Business Parks, Inc   10,360,502 
 539,500     Retail Opportunities Investment Corp   9,532,965 
50

TIAA-CREF FUNDS - Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
         
 90,218     RLJ Lodging Trust  $3,073,727 
 99,029     Saul Centers, Inc   5,653,566 
 226,654     Sovran Self Storage, Inc   21,475,467 
 585,183     Sunstone Hotel Investors, Inc   9,977,370 
       TOTAL REAL ESTATE   257,554,076 
              
RETAILING - 3.9%        
 68,084  *  America’s Car-Mart, Inc   3,615,941 
 113,200  *  Asbury Automotive Group, Inc   8,400,572 
 203,000  *  Burlington Stores, Inc   10,127,670 
 88,815     Children’s Place Retail Stores, Inc   5,324,460 
 184,200     DSW, Inc (Class A)   6,550,152 
 399,600  *  Express Parent LLC   5,226,768 
 744,800  *,e  JC Penney Co, Inc   5,414,696 
 2,015,900  *  Office Depot, Inc   15,320,840 
 807,053  *  Orbitz Worldwide, Inc   7,449,099 
 252,586     Penske Auto Group, Inc   12,212,533 
 384,250  *  Select Comfort Corp   11,466,020 
 281,000     Stage Stores, Inc   5,620,000 
 241,849  *  Zumiez, Inc   9,018,549 
       TOTAL RETAILING   105,747,300 
              
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.4%        
 220,000  *  Advanced Energy Industries, Inc   5,280,000 
 172,051  *  Cabot Microelectronics Corp   8,501,040 
 187,921  *  Cavium Networks, Inc   11,051,634 
 1,724,128  *  Entropic Communications, Inc   4,465,492 
 286,200  *  Inphi Corp   5,609,520 
 508,973  *  Integrated Device Technology, Inc   9,309,116 
 1,668,229  *  Lattice Semiconductor Corp   11,894,473 
 236,543     Monolithic Power Systems, Inc   11,233,427 
 485,955  *  Photronics, Inc   4,082,022 
 1,444,272  *  PMC - Sierra, Inc   12,767,364 
 102,700  *  Qorvo, Inc   7,586,449 
 384,875  *  Rambus, Inc   4,329,844 
 1,831,646  *  Silicon Image, Inc   13,297,750 
 254,600     Tessera Technologies, Inc   9,440,568 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   118,848,699 
              
SOFTWARE & SERVICES - 9.9%        
 364,955  *  Aspen Technology, Inc   12,899,335 
 218,000  *  BroadSoft, Inc   5,862,020 
 156,812  *  Cardtronics, Inc   5,270,451 
 289,131  *  Constant Contact, Inc   10,934,935 
 38,900  *  DealerTrack Holdings, Inc   1,563,780 
 224,737  *  Envestnet, Inc   11,567,213 
 191,900  *  EPAM Systems, Inc   9,389,667 
 337,207  *  Everyday Health, Inc   4,680,433 
 131,600  *,e  GrubHub, Inc   4,530,988 
 176,639  *  iGate Corp   6,253,021 
 242,200  *  Imperva, Inc   10,114,272 
 330,414  *  Infoblox, Inc   6,168,829 
51

TIAA-CREF FUNDS - Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
         
 854,367  *  Liveperson, Inc  $9,141,727 
 174,225  *  LogMeIn, Inc   8,284,399 
 308,142  *  Manhattan Associates, Inc   13,755,459 
 313,131     MAXIMUS, Inc   17,447,659 
 77,232  *  MicroStrategy, Inc (Class A)   12,480,691 
 467,727     NIC, Inc   7,680,077 
 308,033     Pegasystems, Inc   6,028,206 
 547,725  *  Progress Software Corp   13,720,511 
 54,800  *  Proofpoint, Inc   2,740,000 
 288,800  *  QLIK Technologies, Inc   8,201,920 
 111,100  *  SolarWinds, Inc   5,349,465 
 172,808     Solera Holdings, Inc   8,916,893 
 292,777  *  Sonus Networks, Inc   5,586,181 
 234,643     SS&C Technologies Holdings, Inc   12,982,797 
 765,865  *  TA Indigo Holding Corp   8,164,121 
 42,100  *  Tableau Software, Inc   3,399,996 
 394,800  *  Take-Two Interactive Software, Inc   11,733,456 
 414,463  *  TiVo, Inc   4,335,283 
 154,801  *  Tyler Technologies, Inc   16,421,290 
       TOTAL SOFTWARE & SERVICES   265,605,075 
              
TECHNOLOGY HARDWARE & EQUIPMENT - 5.1%        
 216,927  e  Alliance Fiber Optic Products, Inc   3,141,103 
 640,600  *  Aruba Networks, Inc   10,621,148 
 433,476  *  Benchmark Electronics, Inc   10,503,123 
 320,800  *  Ciena Corp   5,941,216 
 377,600  *  CommScope Holding Co, Inc   10,612,448 
 446,296  *  Immersion Corp   4,199,645 
 307,953  *  Plexus Corp   11,668,339 
 1,096,937  *  QLogic Corp   14,655,078 
 982,800  *  Ruckus Wireless, Inc   10,407,852 
 677,480  *  Sanmina Corp   14,349,027 
 366,380  *  Super Micro Computer, Inc   13,398,517 
 173,429     SYNNEX Corp   12,866,698 
 232,500  *,e  Universal Display Corp   7,407,450 
 88,700  *  Zebra Technologies Corp (Class A)   7,402,902 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   137,174,546 
              
TELECOMMUNICATION SERVICES - 1.5%        
 1,809,727  *  8x8, Inc   13,952,995 
 678,218     Inteliquent, Inc   11,407,627 
 535,709  *  Premiere Global Services, Inc   4,735,667 
 2,678,409  *  Vonage Holdings Corp   11,249,318 
       TOTAL TELECOMMUNICATION SERVICES   41,345,607 
              
TRANSPORTATION - 2.3%        
 210,226     Arkansas Best Corp   7,833,021 
 314,279  *  Echo Global Logistics, Inc   8,296,966 
 203,250     Landstar System, Inc   13,024,260 
 410,727     Matson, Inc   14,272,763 
 626,799     Skywest, Inc   7,866,327 
 430,500  *  Swift Transportation Co, Inc   10,581,690 
       TOTAL TRANSPORTATION   61,875,027 
52

TIAA-CREF FUNDS - Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
              
UTILITIES - 3.3%        
 395,766     American States Water Co  $15,688,164 
 451,803     Avista Corp   16,775,446 
 302,855     Black Hills Corp   15,191,207 
 391,730     California Water Service Group   9,613,054 
 249,464     Empire District Electric Co   7,601,168 
 120,000     Idacorp, Inc   8,149,200 
 25,000  e  iShares Micro-Cap ETF   1,845,500 
 236,000     Southwest Gas Corp   14,504,560 
       TOTAL UTILITIES   89,368,299 
             
       TOTAL COMMON STOCKS   2,675,986,369 
       (Cost $2,351,078,152)     
             
SHORT-TERM INVESTMENTS - 5.6%        
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 5.6%        
 149,581,514  a,c  TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		   149,581,514 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   149,581,514 
             
       TOTAL SHORT-TERM INVESTMENTS   149,581,514 
       (Cost $149,581,514)     
       TOTAL INVESTMENTS - 105.0%   2,825,567,883 
       (Cost $2,500,659,666)     
       OTHER ASSETS & LIABILITIES, NET - (5.0)%   (135,222,999)
       NET ASSETS - 100.0%  $2,690,344,884 
     
       
    Abbreviation(s):
    ETF      Exchange Traded Fund
       
*   Non-income producing.
a   Affiliated holding.
c   Investments made with cash collateral received from securities on loan.
e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $142,323,000.
53

TIAA-CREF FUNDS - Social Choice Equity Fund

 

TIAA-CREF FUNDS

SOCIAL CHOICE EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

SHARES     COMPANY  VALUE 
              
COMMON STOCKS - 99.6%        
              
AUTOMOBILES & COMPONENTS - 1.8%        
 130  e  Autoliv, Inc  $13,788 
 13,314     BorgWarner, Inc   719,089 
 7,000     Delphi Automotive plc   481,110 
 1,288,424     Ford Motor Co   18,952,717 
 92,177     Harley-Davidson, Inc   5,687,321 
 303,890     Johnson Controls, Inc   14,121,768 
 22,556  *  Modine Manufacturing Co   274,958 
 38,236  *,e  Tesla Motors, Inc   7,784,850 
       TOTAL AUTOMOBILES & COMPONENTS   48,035,601 
              
BANKS - 3.5%        
 21,509     Apollo Residential Mortgage   336,616 
 20,257     Associated Banc-Corp   340,520 
 4,424     Astoria Financial Corp   54,106 
 4,352     Bank Mutual Corp   27,722 
 6,214  e  Bank of Hawaii Corp   350,842 
 400,600     BB&T Corp   14,137,174 
 2,381     BBCN Bancorp, Inc   30,834 
 5,200     Boston Private Financial Holdings, Inc   57,200 
 1,470     Capitol Federal Financial   18,316 
 1,120     Cardinal Financial Corp   19,947 
 690     Cathay General Bancorp   16,484 
 3,446     Centerstate Banks of Florida, Inc   37,940 
 46,146     CIT Group, Inc   2,022,118 
 440     Columbia Banking System, Inc   11,189 
 65,875     Comerica, Inc   2,733,812 
 266     Commerce Bancshares, Inc   10,640 
 797     Community Bank System, Inc   26,803 
 3,270     Cullen/Frost Bankers, Inc   203,721 
 3,717     East West Bancorp, Inc   134,481 
 8,870     Federal Agricultural Mortgage Corp (Class C)   244,368 
 7,757     First Commonwealth Financial Corp   61,203 
 1,523     First Community Bancshares, Inc   23,896 
 6,758     First Interstate Bancsystem, Inc   161,516 
 910     First Merchants Corp   19,874 
 574     First Niagara Financial Group, Inc   4,661 
 201     Flushing Financial Corp   3,638 
 1,130     FNB Corp   13,560 
 540     Glacier Bancorp, Inc   12,026 
 1,279     Hancock Holding Co   33,395 
 2,618     IBERIABANK Corp   142,969 
 5,708     Investors Bancorp, Inc   62,845 
 653,676     Keycorp   8,491,251 
 4,095     Lakeland Bancorp, Inc   44,185 
54

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
              
 111,679  e  M&T Bank Corp  $12,637,596 
 17,553  *  MGIC Investment Corp   149,552 
 1,360     National Penn Bancshares, Inc   13,192 
 310     NBT Bancorp, Inc   7,133 
 60,219  e  New York Community Bancorp, Inc   930,384 
 2,082     Northfield Bancorp, Inc   29,981 
 11,696     OFG Bancorp   188,306 
 7,838     Old National Bancorp   105,108 
 8,836     PacWest Bancorp   377,783 
 2,510     Peoples Bancorp, Inc   57,353 
 982  e  People’s United Financial, Inc   13,817 
 510     Pinnacle Financial Partners, Inc   18,329 
 219,053     PNC Financial Services Group, Inc   18,518,741 
 48,562  *  Popular, Inc   1,497,166 
 6,279     PrivateBancorp, Inc   190,505 
 21,071     Provident Financial Services, Inc   365,793 
 220,112  e  Radian Group, Inc   3,468,965 
 1,440  *  Signature Bank   168,667 
 5,007     Susquehanna Bancshares, Inc   63,138 
 11,029  *  SVB Financial Group   1,245,174 
 429     TCF Financial Corp   6,306 
 870  *  Texas Capital Bancshares, Inc   35,539 
 17,614  *  The Bancorp, Inc   150,071 
 350     Trustmark Corp   7,476 
 2,167     UMB Financial Corp   105,143 
 650     Umpqua Holdings Corp   10,082 
 1,980  e  United Bankshares, Inc   66,944 
 2,000     United Financial Bancorp, Inc (New)   24,880 
 516,880     US Bancorp   21,662,441 
 3,318  *  Walker & Dunlop, Inc   58,895 
 3,230     Webster Financial Corp   98,612 
 1,553  e  Westamerica Bancorporation   63,176 
 1,160  *  Western Alliance Bancorp   29,824 
 5,660     Wilshire Bancorp, Inc   51,506 
 230     Wintrust Financial Corp   9,998 
 14,360     Zions Bancorporation   344,066 
       TOTAL BANKS   92,661,494 
              
CAPITAL GOODS - 6.4%        
 158,515     3M Co   25,726,985 
 5,778     A.O. Smith Corp   343,271 
 589     Aceto Corp   11,427 
 1,643     Acuity Brands, Inc   246,269 
 6,159  *  Aerovironment, Inc   157,609 
 180,779     Ametek, Inc   8,659,314 
 286     Applied Industrial Technologies, Inc   11,563 
 21,542  *  ArvinMeritor, Inc   275,738 
 46,198     Barnes Group, Inc   1,586,901 
 419  *  Beacon Roofing Supply, Inc   9,926 
 9,760     Briggs & Stratton Corp   179,682 
 46,759  *  Builders FirstSource, Inc   276,813 
 3,206  *  CAI International, Inc   67,230 
55

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
              
 42,090     Caterpillar, Inc  $3,365,937 
 1,630  *  Chart Industries, Inc   46,455 
 4,135  *  Colfax Corp   187,357 
 84,493     Cummins, Inc   11,783,394 
 222,459     Danaher Corp   18,326,172 
 144,633     Deere & Co   12,321,285 
 27,134     Dover Corp   1,900,465 
 137,592     Eaton Corp   8,680,679 
 1,365     EMCOR Group, Inc   55,091 
 7,087  *,e  Enphase Energy, Inc   87,808 
 6,232  *  Esterline Technologies Corp   698,545 
 59,517  e  Fastenal Co   2,642,555 
 5,388     Fluor Corp   288,743 
 3,293     Fortune Brands Home & Security, Inc   147,493 
 23,628  *  Furmanite Corp   173,193 
 300     GATX Corp   17,145 
 26,438     Graco, Inc   1,883,443 
 245     Granite Construction, Inc   8,350 
 1,410     H&E Equipment Services, Inc   24,731 
 4,430     Hexcel Corp   195,939 
 175,383     Illinois Tool Works, Inc   16,326,403 
 53,624     Ingersoll-Rand plc   3,560,634 
 500  *  Jacobs Engineering Group, Inc   19,050 
 7,720     Lincoln Electric Holdings, Inc   524,265 
 185,696     Masco Corp   4,612,689 
 447  *  Middleby Corp   42,474 
 2,279     MSC Industrial Direct Co (Class A)   171,085 
 415  *  MYR Group, Inc   10,387 
 41,303     Nordson Corp   3,009,337 
 66,007     Owens Corning, Inc   2,643,580 
 115,342     Paccar, Inc   6,933,208 
 11,893     Pall Corp   1,150,767 
 13,733     Parker Hannifin Corp   1,599,345 
 41,937  e  Pentair plc   2,592,126 
 16,692  *  Polypore International, Inc   746,466 
 65,992     Precision Castparts Corp   13,204,999 
 44,063  *  Quanta Services, Inc   1,166,788 
 37,955     Rockwell Automation, Inc   4,134,059 
 8,094     Rockwell Collins, Inc   693,008 
 14,759     Roper Industries, Inc   2,277,904 
 2,611  *  Rush Enterprises, Inc (Class A)   73,108 
 2,702  e  TAL International Group, Inc   109,836 
 24,504     Tennant Co   1,597,906 
 8,612  *,e  The ExOne Company   123,582 
 6,850     Timken Co   260,369 
 15,096  *  United Rentals, Inc   1,250,704 
 1,480     W.W. Grainger, Inc   349,043 
 10,000  *  Wabash National Corp   124,700 
 5,542  *  WABCO Holdings, Inc   527,432 
 1,355  *,e  WESCO International, Inc   90,460 
 6,028     Woodward Governor Co   268,909 
 4,656     Xylem, Inc   158,770 
       TOTAL CAPITAL GOODS   170,740,901 
56

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
              
COMMERCIAL & PROFESSIONAL SERVICES - 0.6%        
 540     ABM Industries, Inc  $15,590 
 11,310  e  Acacia Research (Acacia Technologies)   141,601 
 137,401  *  ACCO Brands Corp   1,088,216 
 305     Brink’s Co   6,835 
 7,099  *  CBIZ, Inc   58,780 
 970     CDI Corp   16,480 
 1,690  *  Copart, Inc   61,854 
 3,343     Corporate Executive Board Co   229,063 
 650     Covanta Holding Corp   13,286 
 7,924     Deluxe Corp   514,505 
 32,884     Dun & Bradstreet Corp   3,785,277 
 8,668     Equifax, Inc   732,099 
 400     Heidrick & Struggles International, Inc   8,864 
 5,092     HNI Corp   250,781 
 3,579  *  IHS, Inc (Class A)   412,050 
 1,660  *  Innerworkings, Inc   8,516 
 5,010     Interface, Inc   78,707 
 1,760     Kelly Services, Inc (Class A)   29,744 
 590     Knoll, Inc   12,089 
 690  *  Korn/Ferry International   19,665 
 10,228     Manpower, Inc   745,417 
 3,562  *  Mistras Group, Inc   71,596 
 430     Mobile Mini, Inc   15,609 
 3,470  *  Navigant Consulting, Inc   50,072 
 970  *  On Assignment, Inc   34,076 
 45,468     R.R. Donnelley & Sons Co   748,858 
 2,311     Resources Connection, Inc   38,594 
 61,470     Robert Half International, Inc   3,568,948 
 4,160  *  RPX Corp   51,376 
 1,210     Steelcase, Inc (Class A)   20,425 
 10,180     Tetra Tech, Inc   234,446 
 290     United Stationers, Inc   11,690 
 457     Viad Corp   12,330 
 40,482     Waste Management, Inc   2,081,989 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   15,169,428 
              
CONSUMER DURABLES & APPAREL - 1.1%        
 8,230     Callaway Golf Co   67,157 
 396     Columbia Sportswear Co   16,830 
 490     Ethan Allen Interiors, Inc   13,338 
 258  e  Hasbro, Inc   14,169 
 549  *  Iconix Brand Group, Inc   18,249 
 696  *  Kate Spade & Co   21,945 
 202,478     Mattel, Inc   5,446,658 
 2,300  *  Meritage Homes Corp   83,743 
 595  *  Michael Kors Holdings Ltd   42,120 
 3,220  *  Mohawk Industries, Inc   531,429 
 6,980     Movado Group, Inc   167,730 
 5,166     Newell Rubbermaid, Inc   190,471 
57

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
              
 207,236     Nike, Inc (Class B)  $19,117,521 
 5,260     Oxford Industries, Inc   294,244 
 1,614     Phillips-Van Heusen Corp   177,960 
 1,356     Polaris Industries, Inc   196,064 
 397     Pool Corp   24,697 
 118,076  *,e  Quiksilver, Inc   220,802 
 10,960     Ryland Group, Inc   440,044 
 399  *  Tempur-Pedic International, Inc   21,957 
 13,152  *  Under Armour, Inc (Class A)   947,996 
 4,706  *  Unifi, Inc   151,674 
 13,575     VF Corp   941,698 
 3,389     Whirlpool Corp   674,682 
       TOTAL CONSUMER DURABLES & APPAREL   29,823,178 
              
CONSUMER SERVICES - 2.7%        
 1,289     Bob Evans Farms, Inc   72,661 
 7,805     Brinker International, Inc   456,046 
 2,979  *  Chipotle Mexican Grill, Inc (Class A)   2,114,613 
 38,390     Choice Hotels International, Inc   2,205,505 
 33,819     Darden Restaurants, Inc   2,075,810 
 320     DineEquity, Inc   34,160 
 5,070     Domino’s Pizza, Inc   502,183 
 1,850     Dunkin Brands Group, Inc   87,524 
 359     Jack in the Box, Inc   30,440 
 149,371     Marriott International, Inc (Class A)   11,128,140 
 243,689     McDonald’s Corp   22,526,611 
 178,343  *  MGM Mirage   3,474,122 
 9,927  *  Popeyes Louisiana Kitchen, Inc   570,008 
 15,819     Royal Caribbean Cruises Ltd   1,195,125 
 39,632  *  Ruby Tuesday, Inc   238,585 
 7,739     Sonic Corp   234,260 
 229,928     Starbucks Corp   20,125,598 
 55,313     Starwood Hotels & Resorts Worldwide, Inc   3,980,877 
 190     Vail Resorts, Inc   16,674 
 2,545  *,e  Weight Watchers International, Inc   42,145 
       TOTAL CONSUMER SERVICES   71,111,087 
              
DIVERSIFIED FINANCIALS - 6.8%        
 255,416     American Express Co   20,609,517 
 1,075     Ameriprise Financial, Inc   134,311 
 449,076     Bank of New York Mellon Corp   16,166,736 
 49,451     BlackRock, Inc   16,838,560 
 235,161     Capital One Financial Corp   17,216,137 
 430     CBOE Holdings, Inc   27,722 
 560,637     Charles Schwab Corp   14,565,349 
 124,077     CME Group, Inc   10,583,768 
 280  e  Cohen & Steers, Inc   11,782 
 1,343  *  Credit Acceptance Corp   211,711 
 241,166     Discover Financial Services   13,114,607 
 235,285     Franklin Resources, Inc   12,124,236 
 9,333  *  Green Dot Corp   142,328 
 53,137     IntercontinentalExchange Group, Inc   10,931,875 
58

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
              
 203,789     Invesco Ltd  $7,485,170 
 23,497  e  Janus Capital Group, Inc   412,137 
 24,238     Legg Mason, Inc   1,343,755 
 29,667     NASDAQ OMX Group, Inc   1,352,815 
 3,942     Nelnet, Inc (Class A)   172,423 
 202,190     Northern Trust Corp   13,219,182 
 7,580  *  PHH Corp   189,045 
 1,500  *  Pico Holdings, Inc   23,985 
 3,216  *  Safeguard Scientifics, Inc   58,949 
 185,701     State Street Corp   13,279,479 
 113,676     T Rowe Price Group, Inc   8,948,575 
 3,000     TD Ameritrade Holding Corp   97,170 
 10,000     WisdomTree Investments, Inc   174,200 
       TOTAL DIVERSIFIED FINANCIALS   179,435,524 
              
ENERGY - 7.3%        
 130,417     Apache Corp   8,160,192 
 6,796     Atwood Oceanics, Inc   194,230 
 39,980     Baker Hughes, Inc   2,318,440 
 186,320  *  Callon Petroleum Co   1,015,444 
 71,294  *  Cameron International Corp   3,192,545 
 2,638  e  CARBO Ceramics, Inc   86,474 
 5,698  *  Carrizo Oil & Gas, Inc   256,980 
 78,257  *  Cheniere Energy, Inc   5,585,985 
 37,587     Cimarex Energy Co   3,878,978 
 461  *  Clayton Williams Energy, Inc   25,770 
 97,571  *,e  Clean Energy Fuels Corp   406,871 
 10,655  *  Concho Resources, Inc   1,181,107 
 13,967  *  Contango Oil & Gas Co   419,988 
 112,934  *,e  Continental Resources, Inc   5,127,204 
 100  e  Core Laboratories NV   9,275 
 2,470     Delek US Holdings, Inc   76,199 
 5  e  Denbury Resources, Inc   34 
 187,726  *  Devon Energy Corp   11,314,246 
 1,150     Energen Corp   72,933 
 194,192     EOG Resources, Inc   17,288,914 
 85,373     EQT Corp   6,355,166 
 1,665     Exterran Holdings, Inc   45,138 
 3,777  *  FMC Technologies, Inc   141,562 
 3,180  *  Geospace Technologies Corp   76,256 
 145,886     Hess Corp   9,845,846 
 78,319  *  ION Geophysical Corp   176,218 
 399,559  *  Key Energy Services, Inc   671,259 
 234,465     Marathon Oil Corp   6,236,769 
 152,018     Marathon Petroleum Corp   14,075,347 
 5,304  *  Matrix Service Co   101,837 
 184,819     National Oilwell Varco, Inc   10,059,698 
 1,625  *  Natural Gas Services Group, Inc   32,809 
 83,959  e  Noble Corp plc   1,361,815 
 125,112     Noble Energy, Inc   5,972,847 
 11,580  *,e  Northern Oil And Gas, Inc   72,722 
 8,166  *  Oasis Petroleum, Inc   109,751 
59

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
              
 208,138     Occidental Petroleum Corp  $16,651,040 
 458     Oceaneering International, Inc   23,981 
 422  *  Oil States International, Inc   17,332 
 58,312     Oneok, Inc   2,567,477 
 8,658  *  PDC Energy, Inc   397,748 
 130,057  *  Petroquest Energy, Inc   381,067 
 180,309     Phillips 66   12,679,329 
 65,995     Pioneer Natural Resources Co   9,934,227 
 33,511     Questar Market Resources, Inc   677,592 
 1,928     Range Resources Corp   89,209 
 11,132  *,e  Rex Energy Corp   39,407 
 79  *  SEACOR Holdings, Inc   5,684 
 64,409  *  Southwestern Energy Co   1,596,699 
 362,558     Spectra Energy Corp   12,123,939 
 26,088     St. Mary Land & Exploration Co   986,648 
 31,883     Superior Energy Services   637,660 
 520     Tesco Corp   5,325 
 2,784     Tesoro Corp   227,536 
 30,215  *,e  Ultra Petroleum Corp   385,241 
 13,893  *  Unit Corp   413,734 
 2,713  e  US Silica Holdings Inc   68,368 
 394,624  *  Weatherford International Ltd   4,076,466 
 123,832     Western Refining, Inc   4,597,882 
 83,839  *  Whiting Petroleum Corp   2,516,847 
 183,839     Williams Cos, Inc   8,063,179 
       TOTAL ENERGY   195,110,466 
              
FOOD & STAPLES RETAILING - 1.0%        
 3,418     Casey’s General Stores, Inc   312,064 
 142,161     Kroger Co   9,816,217 
 970     Pricesmart, Inc   79,327 
 4,686     Spartan Stores, Inc   120,711 
 312,462     Sysco Corp   12,239,137 
 580     Weis Markets, Inc   26,581 
 71,214     Whole Foods Market, Inc   3,709,893 
       TOTAL FOOD & STAPLES RETAILING   26,303,930 
              
FOOD, BEVERAGE & TOBACCO - 3.5%        
 8,587     Bunge Ltd   768,794 
 95,721     Campbell Soup Co   4,378,278 
 46,939     ConAgra Foods, Inc   1,663,049 
 5,840  *  Darling International, Inc   99,163 
 201  *  Diamond Foods, Inc   4,941 
 8,100     Dr Pepper Snapple Group, Inc   625,887 
 4,635     Flowers Foods, Inc   90,661 
 300,703     General Mills, Inc   15,780,893 
 3,800  *  Hain Celestial Group, Inc   200,526 
 5,246     Hormel Foods Corp   268,700 
 11,509     J.M. Smucker Co   1,187,153 
 197,913     Kellogg Co   12,979,135 
 33,101     Keurig Green Mountain, Inc   4,056,859 
 51,353     Kraft Foods Group, Inc   3,355,405 
60

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
              
 6,572     McCormick & Co, Inc  $469,175 
 27,407     Mead Johnson Nutrition Co   2,699,315 
 482,870     Mondelez International, Inc   17,016,339 
 305,005     PepsiCo, Inc   28,603,369 
 674  *  TreeHouse Foods, Inc   61,132 
       TOTAL FOOD, BEVERAGE & TOBACCO   94,308,774 
              
HEALTH CARE EQUIPMENT & SERVICES - 4.5%        
 457,925     Abbott Laboratories   20,496,723 
 14,457  *  Acadia Healthcare Co, Inc   834,892 
 187,542     Aetna, Inc   17,220,106 
 2,870  *  Align Technology, Inc   152,253 
 25,741  *  Amedisys, Inc   725,381 
 72,617     AmerisourceBergen Corp   6,902,246 
 2,141  *  Amsurg Corp   118,140 
 5,451  *,e  athenahealth, Inc   761,559 
 115,667     Becton Dickinson & Co   15,971,299 
 2,754  *  Bio-Reference Labs, Inc   92,342 
 120,822  *,e  BioScrip, Inc   694,726 
 14,245  *  Brookdale Senior Living, Inc   480,769 
 43,393     Cardinal Health, Inc   3,609,864 
 21,234  *  Centene Corp   2,317,903 
 10,101  *  Cerner Corp   670,201 
 14,031  *,e  Cerus Corp   74,925 
 1,320  e  Chemed Corp   133,505 
 76,831     Cigna Corp   8,207,856 
 1,249     Computer Programs & Systems, Inc   61,526 
 740  *  Cyberonics, Inc   41,122 
 6,000  *  DaVita, Inc   450,360 
 1,030     Dentsply International, Inc   51,526 
 5,908  *  Edwards Lifesciences Corp   740,568 
 16,337  *  ExamWorks Group, Inc   603,815 
 29,468  *  Gentiva Health Services, Inc   572,269 
 1,539  *  Greatbatch, Inc   74,734 
 300  *  Haemonetics Corp   11,880 
 5,945  *  Healthways, Inc   122,586 
 2,117  *  Henry Schein, Inc   292,294 
 2,640  *  HMS Holdings Corp   52,232 
 5,166  *  Hologic, Inc   156,866 
 51,511     Humana, Inc   7,543,271 
 1,185  *  ICU Medical, Inc   99,042 
 12,311  *  Idexx Laboratories, Inc   1,950,309 
 240  *  Integra LifeSciences Holdings Corp   13,373 
 22,387  *  Inverness Medical Innovations, Inc   910,927 
 760  *  IPC The Hospitalist Co, Inc   30,674 
 500  *  Laboratory Corp of America Holdings   57,390 
 743     Landauer, Inc   20,782 
 950  *  LHC Group, Inc   28,234 
 21,680  *  LifePoint Hospitals, Inc   1,414,403 
 343  *  MedAssets, Inc   6,349 
 546  *  Medidata Solutions, Inc   23,473 
 299,602     Medtronic plc   21,391,583 
61

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
              
 2,450  *  Merit Medical Systems, Inc  $37,558 
 20,380  *  Molina Healthcare, Inc   1,037,546 
 3,508  *  MWI Veterinary Supply, Inc   665,362 
 2,820  *  Natus Medical, Inc   106,032 
 620  *  Omnicell, Inc   19,735 
 10,653  *  OraSure Technologies, Inc   97,901 
 665     Owens & Minor, Inc   22,763 
 13,114     Patterson Cos, Inc   656,880 
 6,729  *  PharMerica Corp   154,834 
 460  *  Providence Service Corp   17,940 
 1,816     Quality Systems, Inc   29,583 
 485  *  Sirona Dental Systems, Inc   43,757 
 9,466  *  Staar Surgical Co   56,796 
 1,640  *  Tornier BV   39,639 
 6,093  *  Triple-S Management Corp (Class B)   146,719 
 8,971     Universal American Corp   81,008 
 1,452     US Physical Therapy, Inc   56,323 
 500  *  Varian Medical Systems, Inc   46,280 
 13,104  *  Vocera Communications, Inc   117,412 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   119,620,346 
              
HOUSEHOLD & PERSONAL PRODUCTS - 2.5%        
 4     Clorox Co   427 
 263,164     Colgate-Palmolive Co   17,768,833 
 1,226     Energizer Holdings, Inc   156,940 
 52,288     Estee Lauder Cos (Class A)   3,691,010 
 90,488  e  Herbalife Ltd   2,758,074 
 34,240     Kimberly-Clark Corp   3,696,551 
 11,539  *  Medifast, Inc   365,671 
 456,800     Procter & Gamble Co   38,503,672 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   66,941,178 
              
INSURANCE - 5.3%        
 138,351     ACE Ltd   14,936,374 
 252,885     Aflac, Inc   14,434,676 
 5,145     Arthur J. Gallagher & Co   228,592 
 32,636     Aspen Insurance Holdings Ltd   1,413,792 
 8,868     Axis Capital Holdings Ltd   451,381 
 306,912  *  Berkshire Hathaway, Inc (Class B)   44,167,706 
 113,846     Chubb Corp   11,145,523 
 476     Employers Holdings, Inc   9,901 
 290  *  Enstar Group Ltd   39,141 
 3,280     First American Financial Corp   111,586 
 111,278     Hartford Financial Services Group, Inc   4,328,714 
 400     Kemper Corp   13,964 
 60,932     Marsh & McLennan Cos, Inc   3,276,314 
 4,654     PartnerRe Ltd   532,418 
 2,280     Platinum Underwriters Holdings Ltd   168,332 
 117,053     Principal Financial Group   5,493,297 
 273,774     Progressive Corp   7,104,435 
 192,025     Prudential Financial, Inc   14,570,857 
 200     Reinsurance Group of America, Inc (Class A)   16,562 
62

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
             
 2,787     Stewart Information Services Corp  $99,775 
 164,433     Travelers Cos, Inc   16,907,001 
 3,894     Willis Group Holdings plc   168,610 
       TOTAL INSURANCE   139,618,951 
             
MATERIALS - 4.4%      
 113,747     Air Products & Chemicals, Inc   16,562,701 
 3,402     Albemarle Corp   164,180 
 7,701     Aptargroup, Inc   486,010 
 66,813     Avery Dennison Corp   3,492,315 
 23,667     Ball Corp   1,498,831 
 791     Bemis Co, Inc   35,041 
 2,310     Carpenter Technology Corp   87,641 
 17,130     Celanese Corp (Series A)   920,909 
 31,721  *  Century Aluminum Co   733,072 
 1,826  *  Clearwater Paper Corp   135,160 
 46,693     Commercial Metals Co   626,620 
 4,705     Compass Minerals International, Inc   411,217 
 14,217     Eastman Chemical Co   1,007,843 
 134,228     Ecolab, Inc   13,928,840 
 2,950  *  Ferro Corp   32,833 
 12,034  *  Flotek Industries, Inc   194,590 
 530     Globe Specialty Metals, Inc   8,173 
 26,314     H.B. Fuller Co   1,082,821 
 7,648     Innophos Holdings, Inc   455,362 
 3,111     International Flavors & Fragrances, Inc   330,108 
 99,782     International Paper Co   5,254,520 
 510  *  Kraton Polymers LLC   9,863 
 1,240  *  Landec Corp   15,835 
 63,130  *  Louisiana-Pacific Corp   1,033,438 
 154,323     LyondellBasell Industries AF S.C.A   12,205,406 
 80,535     MeadWestvaco Corp   4,049,300 
 14,012     Minerals Technologies, Inc   915,404 
 45,313     Mosaic Co   2,206,290 
 420     Neenah Paper, Inc   24,100 
 214,304     Nucor Corp   9,354,370 
 280     OM Group, Inc   7,840 
 25,813  *  Owens-Illinois, Inc   602,734 
 3,500     PolyOne Corp   124,565 
 126,084     Praxair, Inc   15,204,470 
 274     Quaker Chemical Corp   21,624 
 2,337     Reliance Steel & Aluminum Co   122,389 
 34,168  *  Resolute Forest Products   580,856 
 4,365     Rock-Tenn Co (Class A)   283,288 
 55,648     Royal Gold, Inc   4,032,254 
 786  *  RTI International Metals, Inc   17,528 
 4,126     Schnitzer Steel Industries, Inc (Class A)   69,647 
 6,530     Sealed Air Corp   264,465 
 7,019     Sherwin-Williams Co   1,904,044 
 82,784     Sigma-Aldrich Corp   11,384,456 
 840     Stepan Co   32,256 
 28,446  *  Stillwater Mining Co   388,857 
63

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
              
 22,021     Valspar Corp  $1,837,212 
 1,674     Wausau Paper Corp   17,008 
 82,339  *  Worthington Industries, Inc   2,464,406 
 1,279     Zep, Inc   20,490 
       TOTAL MATERIALS   116,643,182 
              
MEDIA - 3.0%        
 74,053  e  Cablevision Systems Corp (Class A)   1,401,083 
 956  *  Charter Communications, Inc   144,466 
 8,053     Cinemark Holdings, Inc   299,330 
 43,519     Clear Channel Outdoor Holdings, Inc (Class A)   393,847 
 105,089  *  DIRECTV   8,961,990 
 146,657  *  Discovery Communications, Inc (Class A)   4,250,853 
 197,556  *  Discovery Communications, Inc (Class C)   5,507,861 
 19,509  *,e  DreamWorks Animation SKG, Inc (Class A)   364,233 
 12,529  *  Entercom Communications Corp (Class A)   144,961 
 51,238     Entravision Communications Corp (Class A)   316,138 
 2,205     John Wiley & Sons, Inc (Class A)   136,622 
 100,759  *  Journal Communications, Inc (Class A)   1,012,628 
 214,946  *  Liberty Global plc   9,799,388 
 180,116  *  Liberty Global plc (Class A)   8,415,020 
 2,550  *  Madison Square Garden, Inc   193,162 
 266,726  *  McClatchy Co (Class A)   669,482 
 85,700     New York Times Co (Class A)   1,078,963 
 320     Scholastic Corp   11,770 
 5,846     Scripps Networks Interactive (Class A)   415,592 
 23,476  e  Sinclair Broadcast Group, Inc (Class A)   580,796 
 115,204     Time Warner Cable, Inc   15,682,721 
 259,678     Time Warner, Inc   20,236,706 
 10,000  e  World Wrestling Entertainment, Inc (Class A)   121,100 
       TOTAL MEDIA   80,138,712 
              
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.6%        
 24,648  *,e  Affymetrix, Inc   272,114 
 150,551     Agilent Technologies, Inc   5,686,311 
 68,258  *  Akorn, Inc   2,906,426 
 50,284  *  Alexion Pharmaceuticals, Inc   9,214,040 
 171,920     Amgen, Inc   26,176,539 
 21,522  *  Aratana Therapeutics, Inc   356,620 
 65,534  *  Biogen Idec, Inc   25,503,212 
 340  *  BioMarin Pharmaceuticals, Inc   33,034 
 10,869  *  Bluebird Bio, Inc   1,009,839 
 405,842     Bristol-Myers Squibb Co   24,460,097 
 26,442  *  Cambrex Corp   593,094 
 21,898  *  Cepheid, Inc   1,237,456 
 91,018  *  Depomed, Inc   1,662,899 
 109,392  *  Endo International plc   8,708,697 
 1,672  *  Fluidigm Corp   64,422 
 306,376  *  Gilead Sciences, Inc   32,117,396 
 909  *  Hyperion Therapeutics, Inc   22,998 
 870  *,e  Immunogen, Inc   6,638 
64

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
              
 17,165  *,e  Immunomedics, Inc  $91,833 
 13,244  *  Ironwood Pharmaceuticals, Inc   206,342 
 463,205     Johnson & Johnson   46,385,349 
 239,846  *,e  MannKind Corp   1,523,022 
 560,086     Merck & Co, Inc   33,761,984 
 870  *  Mettler-Toledo International, Inc   264,436 
 9,062  *,e  MiMedx Group, Inc   73,901 
 91,708  *  Nektar Therapeutics   1,342,605 
 77,327  *,e  Opko Health, Inc   937,976 
 321,030  *,e  Orexigen Therapeutics, Inc   1,685,407 
 4,875  *  PerkinElmer, Inc   222,836 
 3,398  *  Prestige Brands Holdings, Inc   116,415 
 47,907  *,e  Sangamo Biosciences, Inc   612,731 
 46,751  *,e  Sarepta Therapeutics, Inc   561,012 
 75,236     Thermo Electron Corp   9,420,300 
 5,578  *  United Therapeutics Corp   787,223 
 65,176  *  Vertex Pharmaceuticals, Inc   7,178,485 
 257,787  *,e  Vivus, Inc   675,402 
 23,584  *  Waters Corp   2,807,675 
 89,929  *  Xenoport, Inc   749,109 
 158,447     Zoetis Inc   6,770,440 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   256,206,315 
              
REAL ESTATE - 4.6%        
 8,135     American Campus Communities, Inc   357,615 
 168,843     American Tower Corp   16,369,329 
 616,689     Annaly Capital Management, Inc   6,512,236 
 1,000     AvalonBay Communities, Inc   172,990 
 46,696     Boston Properties, Inc   6,481,405 
 78,489  *  CBRE Group, Inc   2,538,334 
 138,457     Crown Castle International Corp   11,977,915 
 2,518     Digital Realty Trust, Inc   183,663 
 8,358     Douglas Emmett, Inc   238,036 
 58,576     Duke Realty Corp   1,278,714 
 515     Equity One, Inc   14,029 
 53,036     Equity Residential   4,116,124 
 3,961     Federal Realty Investment Trust   569,473 
 113,183     First Industrial Realty Trust, Inc   2,459,466 
 1,693  *  Forest City Enterprises, Inc (Class A)   41,478 
 540     Franklin Street Properties Corp   6,955 
 219,210     HCP, Inc   10,366,441 
 41,133     Health Care REIT, Inc   3,370,849 
 4,940     Healthcare Realty Trust, Inc   148,645 
 290,281     Host Marriott Corp   6,644,532 
 4,700     Invesco Mortgage Capital, Inc   72,098 
 50,982     Iron Mountain, Inc   2,031,123 
 6,452  *  iStar Financial, Inc   84,134 
 8     Jones Lang LaSalle, Inc   1,177 
 266     Kilroy Realty Corp   19,724 
 15,135     Liberty Property Trust   609,940 
 20,078     Macerich Co   1,726,909 
 9,974     Mid-America Apartment Communities, Inc   791,138 
65

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
              
 540     Piedmont Office Realty Trust, Inc  $10,546 
 2,000     Plum Creek Timber Co, Inc   89,040 
 3,580     Post Properties, Inc   217,485 
 211,234     Prologis, Inc   9,535,103 
 140     PS Business Parks, Inc   11,775 
 34,457  e  Ryman Hospitality Properties   1,891,689 
 103,346     Simon Property Group, Inc   20,530,716 
 500     UDR, Inc   16,630 
 39,642     Ventas, Inc   3,163,828 
 55,605     Vornado Realty Trust   6,141,016 
 297     Washington REIT   8,527 
 11,648     Weyerhaeuser Co   417,581 
       TOTAL REAL ESTATE   121,218,408 
              
RETAILING - 4.3%        
 9,787  *  1-800-FLOWERS.COM, Inc (Class A)   77,219 
 2,432     Aaron’s, Inc   76,997 
 50,729  e  American Eagle Outfitters, Inc   712,235 
 11,783  *  Ann Taylor Stores Corp   390,017 
 15,901  *  AutoZone, Inc   9,492,261 
 7,222  *  Barnes & Noble, Inc   169,645 
 79,998  *  Bed Bath & Beyond, Inc   5,981,451 
 53,182     Best Buy Co, Inc   1,872,006 
 820     Big 5 Sporting Goods Corp   9,766 
 160  *  Blue Nile, Inc   4,973 
 250  e  Buckle, Inc   12,698 
 2,688  *,e  Cabela’s, Inc   147,706 
 31,819  *  Carmax, Inc   1,975,960 
 9     Chico’s FAS, Inc   150 
 550  *  Express Parent LLC   7,194 
 1,820     Finish Line, Inc (Class A)   42,952 
 2  e  GameStop Corp (Class A)   71 
 204,445     Gap, Inc   8,421,090 
 95,600     Genuine Parts Co   8,885,064 
 8,830     GNC Holdings, Inc   391,522 
 11,044     HSN, Inc   855,247 
 93,965     Kohl’s Corp   5,611,590 
 295,690  *  Liberty Interactive Corp   8,090,078 
 7,610  *  LKQ Corp   196,414 
 315,061     Lowe’s Companies, Inc   21,348,533 
 79,083     Macy’s, Inc   5,051,822 
 300     Men’s Wearhouse, Inc   13,941 
 7,744  *  NetFlix, Inc   3,421,299 
 26,766     Nordstrom, Inc   2,039,569 
 2,593     Nutri/System, Inc   46,207 
 83,928  *  Office Depot, Inc   637,853 
 58,969  *  Orbitz Worldwide, Inc   544,284 
 2,957  *,e  Outerwall, Inc   183,571 
 560     Petsmart, Inc   45,755 
 12,005     Pier 1 Imports, Inc   201,804 
 4,920     Ross Stores, Inc   451,213 
 5,448  *  Sally Beauty Holdings, Inc   169,324 
66

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
          
 555     Shoe Carnival, Inc  $12,887 
 19,331  *  Shutterfly, Inc   848,051 
 226,633     Staples, Inc   3,864,093 
 2,017     Stein Mart, Inc   27,754 
 6,435     Tiffany & Co   557,528 
 276,662     TJX Companies, Inc   18,243,092 
 41,177  *  TripAdvisor, Inc   2,759,271 
 5     Williams-Sonoma, Inc   391 
       TOTAL RETAILING   113,892,548 
              
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.7%      
 25,961  *,e  Advanced Micro Devices, Inc   66,720 
 689,292     Applied Materials, Inc   15,743,429 
 5,850  *  Cirrus Logic, Inc   155,025 
 2,000  *,e  Freescale Semiconductor Holdings Ltd   64,180 
 954,144     Intel Corp   31,524,918 
 8,578     Lam Research Corp   655,702 
 2,391     Nvidia Corp   45,919 
 217,373  *  ON Semiconductor Corp   2,175,904 
 35,399  *,e  SunPower Corp   853,824 
 15,470     Teradyne, Inc   280,007 
 357,818     Texas Instruments, Inc   19,125,372 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   70,691,000 
              
SOFTWARE & SERVICES - 10.3%     
 221,788     Accenture plc   18,636,846 
 5,122  *  Actua Corp   82,464 
 211,821  *  Adobe Systems, Inc   14,855,007 
 328     Advent Software, Inc   13,727 
 79,278  *,e  Angie’s List, Inc   363,886 
 91,098  *  AOL, Inc   3,939,988 
 687  *  Aspen Technology, Inc   24,282 
 78,354  *  Autodesk, Inc   4,231,508 
 49,794     Broadridge Financial Solutions, Inc   2,389,614 
 194,356     CA, Inc   5,888,987 
 9,420  *  Cadence Design Systems, Inc   169,466 
 306,120  *  Cognizant Technology Solutions Corp (Class A)   16,570,276 
 5,693  *  comScore, Inc   236,601 
 5,337     Convergys Corp   102,257 
 18,999  *  Digital River, Inc   485,044 
 3,218     Equinix, Inc   697,855 
 2,390     Factset Research Systems, Inc   343,180 
 1,736     Fair Isaac Corp   123,864 
 1,614  *  FleetCor Technologies, Inc   226,767 
 11,678  *  Fortinet, Inc   349,114 
 228,323  *,e  Glu Mobile, Inc   801,414 
 60,372  *  Google, Inc   32,270,041 
 59,679  *  Google, Inc (Class A)   32,080,446 
 19,718  *  HomeAway, Inc   502,612 
 1,976  *  Infoblox, Inc   36,892 
 35,510  *  Informatica Corp   1,480,234 
 6,519  *  Internap Network Services Corp   54,890 
67

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
              
 189,266     International Business Machines Corp  $29,016,371 
 162,957     Intuit, Inc   14,147,927 
 6,235     j2 Global, Inc   358,138 
 20,419  *,e  Liquidity Services, Inc   158,043 
 605  *  LogMeIn, Inc   28,768 
 6,407  *,e  Marketo, Inc   220,593 
 1,000     MAXIMUS, Inc   55,720 
 15,342  e  Mercadolibre, Inc   1,901,487 
 210,650  *  Monster Worldwide, Inc   869,984 
 1,364  *,e  NetSuite, Inc   134,258 
 6,989  *,e  NeuStar, Inc (Class A)   183,741 
 697,975     Oracle Corp   29,238,173 
 43,224  *  Rackspace Hosting, Inc   1,943,351 
 47,132  *  Rally Software Development Corp   557,572 
 2,916  *  Rovi Corp   67,389 
 256,955  *  Salesforce.com, Inc   14,505,110 
 2,065  *  Seachange International, Inc   14,579 
 96,222  *,e  ServiceSource International LLC   322,344 
 2,310  *  SolarWinds, Inc   111,226 
 1,976  *  SPS Commerce, Inc   117,177 
 5,683  *  Stamps.com, Inc   258,974 
 538  *  Sykes Enterprises, Inc   12,116 
 391,408     Symantec Corp   9,695,176 
 3,876  *  Syntel, Inc   167,637 
 4,529  *  Tangoe, Inc   51,766 
 8,168  *  Teradata Corp   363,966 
 2,810  *  Ultimate Software Group, Inc   415,908 
 4,890  *  Unisys Corp   107,238 
 15,442  *  Workday, Inc   1,227,021 
 1,051,874     Xerox Corp   13,853,181 
 378,470  *  Yahoo!, Inc   16,648,895 
       TOTAL SOFTWARE & SERVICES   273,711,091 
              
TECHNOLOGY HARDWARE & EQUIPMENT - 4.3%     
 1,610     Adtran, Inc   35,597 
 44,188  *  Aruba Networks, Inc   732,637 
 1,070     Belden CDT, Inc   88,746 
 1,524  *  Benchmark Electronics, Inc   36,927 
 7,265     Black Box Corp   152,638 
 690  *  Calix Networks, Inc   6,624 
 2,299  *  Checkpoint Systems, Inc   29,795 
 1,078,977     Cisco Systems, Inc   28,447,229 
 3,629  *  Cognex Corp   133,366 
 180  *  Coherent, Inc   11,138 
 141,705     Corning, Inc   3,368,328 
 87,173  *  Cray, Inc   2,832,251 
 1,190  *  DTS, Inc   32,987 
 657,757     EMC Corp   17,055,639 
 1,110     FEI Co   91,264 
 40,091  *,e  Finisar Corp   727,251 
 34,891  *  Flextronics International Ltd   387,988 
 555,988     Hewlett-Packard Co   20,087,846 
68

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
              
 64,574  *  Ingram Micro, Inc (Class A)  $1,625,973 
 2,970  *  Insight Enterprises, Inc   70,300 
 5,777     InterDigital, Inc   288,734 
 1,081  *,e  InvenSense, Inc   15,966 
 11,694  *,e  IPG Photonics Corp   872,840 
 350  *  Itron, Inc   13,024 
 16,051     Jabil Circuit, Inc   330,811 
 20,384     Lexmark International, Inc (Class A)   813,525 
 212     Littelfuse, Inc   20,933 
 78,575     Motorola, Inc   4,903,866 
 417     National Instruments Corp   12,543 
 1,478  *  Netgear, Inc   49,912 
 500  *  OSI Systems, Inc   34,990 
 281  *  Plexus Corp   10,647 
 21,488  *  QLogic Corp   287,080 
 361,589     Qualcomm, Inc   22,584,849 
 5,980  *  RealD, Inc   64,883 
 610  *  Rofin-Sinar Technologies, Inc   16,421 
 270  *  Scansource, Inc   9,310 
 118,927     Seagate Technology, Inc   6,712,240 
 29,258  *  Silicon Graphics International Corp   275,903 
 22,364  *  Super Micro Computer, Inc   817,851 
 502     SYNNEX Corp   37,243 
 1,993  *  Tech Data Corp   113,800 
 3,218  *  TTM Technologies, Inc   22,365 
 4,124  *,e  Universal Display Corp   131,391 
 3,451  *  Vishay Precision Group, Inc   57,425 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   114,453,076 
              
TELECOMMUNICATION SERVICES - 2.1%        
 31,564  *  Boingo Wireless, Inc   266,716 
 373,371     CenturyTel, Inc   13,878,200 
 58,198  *  Cincinnati Bell, Inc   170,520 
 2,650     Consolidated Communications Holdings, Inc   61,692 
 1,797     IDT Corp (Class B)   38,384 
 67,259  *,e  Iridium Communications, Inc   572,374 
 29,783  *  Level 3 Communications, Inc   1,481,406 
 835,162  *,e  Sprint Corp   3,591,197 
 772,800     Verizon Communications, Inc   35,324,688 
 100,781  *  Vonage Holdings Corp   423,280 
       TOTAL TELECOMMUNICATION SERVICES   55,808,457 
              
TRANSPORTATION - 3.2%        
 74,460     Alaska Air Group, Inc   5,053,600 
 158     Allegiant Travel Co   28,641 
 387     Amerco, Inc   110,725 
 310     Arkansas Best Corp   11,551 
 42,330  *  Avis Budget Group, Inc   2,425,932 
 490     CH Robinson Worldwide, Inc   34,898 
 422,500     CSX Corp   14,069,250 
 2,060  *  Echo Global Logistics, Inc   54,384 
 8     Expeditors International of Washington, Inc   350 
69

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
             
 1,000  *  Hertz Global Holdings, Inc  $20,520 
 180     Landstar System, Inc   11,534 
 103,126     Norfolk Southern Corp   10,515,758 
 9     Ryder System, Inc   745 
 322,846     Southwest Airlines Co   14,586,182 
 156,425     Union Pacific Corp   18,334,574 
 199,659     United Parcel Service, Inc (Class B)   19,734,295 
       TOTAL TRANSPORTATION   84,992,939 
              
UTILITIES - 4.1%        
 7,880     American States Water Co   312,363 
 5,465     American Water Works Co, Inc   306,805 
 76,142  *  Calpine Corp   1,589,845 
 91,114     Centerpoint Energy, Inc   2,103,822 
 2,551     Chesapeake Utilities Corp   124,387 
 87,706     Cleco Corp   4,767,698 
 180,018     Consolidated Edison, Inc   12,471,647 
 212,848     Duke Energy Corp   18,547,575 
 2,130     Integrys Energy Group, Inc   172,743 
 10,413     ITC Holdings Corp   442,969 
 5,397     MDU Resources Group, Inc   122,026 
 34,882     MGE Energy, Inc   1,601,084 
 6,859     New Jersey Resources Corp   438,153 
 169,886     NextEra Energy, Inc   18,558,346 
 237,723     NiSource, Inc   10,283,897 
 136,459     Northeast Utilities   7,584,391 
 2,044     Northwest Natural Gas Co   102,016 
 290  e  Ormat Technologies, Inc   7,758 
 331,013     Pepco Holdings, Inc   9,086,307 
 66,588     Piedmont Natural Gas Co, Inc   2,656,195 
 8,480     Pinnacle West Capital Corp   595,126 
 12,539     Public Service Enterprise Group, Inc   535,165 
 103,815     Sempra Energy   11,618,975 
 6,188     SJW Corp   208,969 
 18,724     South Jersey Industries, Inc   1,090,673 
 26,660     TECO Energy, Inc   568,658 
 1,494     Unitil Corp   55,816 
 1,260     Vectren Corp   60,379 
 14,518     WGL Holdings, Inc   820,267 
 12,284  e  Wisconsin Energy Corp   685,079 
 38,029     Xcel Energy, Inc   1,427,228 
       TOTAL UTILITIES   108,946,362 
             
       TOTAL COMMON STOCKS   2,645,582,948 
       (Cost $1,996,180,102)     
             
RIGHTS / WARRANTS - 0.0%      
CONSUMER SERVICES - 0.0%        
 19  m  Providence Service Corp   0 
       TOTAL CONSUMER SERVICES   0 
             
       TOTAL RIGHTS / WARRANTS   0 
       (Cost $0)     
70

TIAA-CREF FUNDS - Social Choice Equity Fund

 

PRINCIPAL     ISSUER  RATE  MATURITY DATE  VALUE 
              
SHORT-TERM INVESTMENTS - 2.0%             
GOVERNMENT AGENCY DEBT - 0.1%             
$2,000,000     Federal Home Loan Bank (FHLB)   0.070%  03/23/15  $1,999,926 
       TOTAL GOVERNMENT AGENCY DEBT           1,999,926 
                     
TREASURY DEBT - 0.0%             
 1,000,000     United States Treasury Bill   0.090   06/11/15   999,928 
       TOTAL TREASURY DEBT           999,928 
                     
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 1.9%         
                     
GOVERNMENT AGENCY DEBT - 0.3%             
 9,100,000     Federal Home Loan Mortgage Corp (FHLMC)0.050-0.065   04/06/15   9,099,046 
       TOTAL GOVERNMENT AGENCY DEBT           9,099,046 
                     
TREASURY DEBT - 1.6%             
 1,500,000     United States Treasury Bill   0.080   03/05/15   1,499,652 
 4,000,000     United States Treasury Bill   0.040   03/12/15   3,999,827 
 3,750,000     United States Treasury Bill   0.030   03/26/15   3,749,834 
 13,000,000     United States Treasury Bill0.040-0.090   05/28/15   12,996,613 
 20,000,000     United States Treasury Bill0.083-0.103   08/20/15   19,983,879 
       TOTAL TREASURY DEBT           42,229,805 
                     
       TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED   51,328,851 
                     
       TOTAL SHORT-TERM INVESTMENTS           54,328,705 
       (Cost $54,335,171)             
       TOTAL INVESTMENTS - 101.6%           2,699,911,653 
       (Cost $2,050,515,273)             
       OTHER ASSETS & LIABILITIES, NET - (1.6)%           (43,111,003)
       NET ASSETS - 100.0%          $2,656,800,650 
                     
     
     
        Abbreviation(s):
      REIT    Real Estate Investment Trust
         
    *   Non-income producing.
    e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $53,047,567.
    m   Indicates a security that has been deemed illiquid.
71

TIAA-CREF FUNDS - Emerging Markets Equity Fund

 

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

                 MATURITY     
PRINCIPAL     ISSUER  RATE   DATE  VALUE 
                       
BONDS - 0.1%  
CORPORATE BONDS - 0.1%  
                        
HONG KONG - 0.1%
$534,000  m  Asia Pacific Investment Partners    8.000%   04/29/16  $534,000 
       TOTAL HONG KONG                534,000  
                       
       TOTAL CORPORATE BONDS                534,000  
       (Cost $534,000)               
       TOTAL BONDS                534,000  
       (Cost $534,000)               
                       
EQUITY LINKED NOTES - 0.6%
                        
GERMANY - 0.2%
 9,917,142  *,g,j  Deutsche Bank, Fondul Proprietatea S.A.    0.000    10/24/22   2,111,359 
       TOTAL GERMANY             2,111,359 
                       
UNITED KINGDOM - 0.4%
 392  *,j  HSBC Bank plc, Kingdom of Saudi Arabia    0.000    08/07/17   3,217,524 
       TOTAL UNITED KINGDOM             3,217,524 
                       
       TOTAL EQUITY LINKED NOTES              5,328,883 
       (Cost $6,855,415)               
                       
SHARES     COMPANY               
                        
COMMON STOCKS - 99.2%
                               
ANGOLA - 0.1%
  172,691   *   Mota-Engil Africa NV                 1,204,019  
          TOTAL ANGOLA                 1,204,019  
                        
ARGENTINA - 0.2%
 15,495  e  Mercadolibre, Inc              1,920,450 
       TOTAL ARGENTINA                1,920,450  
                        
AUSTRALIA - 0.2%
 425,044     Iluka Resources Ltd              2,308,264 
       TOTAL AUSTRALIA               2,308,264  
                        
BRAZIL - 6.8%
 472,500     Banco Bradesco S.A. (Preference)              5,939,598 
 875,709     Banco Itau Holding Financeira S.A.              10,737,287 
 176,400     BRF S.A.              4,232,417 
 471,020     Cielo S.A.              7,021,634 
 1,758,200  *  Cosan Logistica S.A.              1,434,998 
 523,500     Empresa Brasileira de Aeronautica S.A.              4,631,656 
 603,000  *  Gol Linhas Aereas Inteligentes S.A.              2,746,170 
72

TIAA-CREF FUNDS - Emerging Markets Equity Fund

 

SHARES       COMPANY  VALUE  
              
 173,300     Kepler Weber S.A.  $2,461,939 
 172,800     Linx S.A.   3,048,673 
 487,300     Lojas Americanas S.A.(Preference)   2,824,006 
 52,300  *  Ouro Fino Saude Animal Participacoes S.A.   565,247 
 421,845     Petroleo Brasileiro S.A.   1,264,002 
 980,100     Petroleo Brasileiro S.A. (Preference)   2,987,876 
 258,800     Smiles S.A.   4,075,021 
 163,800     Ultrapar Participacoes S.A.   3,235,405 
 659,000     Vale S.A. (Preference)   4,064,642 
       TOTAL BRAZIL   61,270,571 
              
CHILE - 0.3%
 1,791,005     Parque Arauco S.A.   3,177,042 
       TOTAL CHILE   3,177,042 
              
CHINA - 21.4%
 3,568,000     Agile Property Holdings Ltd   2,173,453 
 11,209,000     Agricultural Bank of China   5,473,505 
 23,069  *  Baidu, Inc (ADR)   5,027,197 
 1,423,000  *  China Aircraft Leasing Group Holdings Ltd   1,995,985 
 8,809,000  e  China Animal Healthcare Ltd   5,925,454 
 9,510,000  *  China Cinda Asset Management Co Ltd   4,498,214 
 991,000     China Conch Venture Holdings Ltd   2,097,549 
 16,904,000     China Construction Bank   13,531,322 
 10,730,000  *  China Eastern Airlines Corp Ltd (H Shares)   5,441,790 
 2,865,000     China Life Insurance Co Ltd   11,102,139 
 3,148,000     China Machinery Engineering Corp   2,671,093 
 2,139,000     China Medical System Holdings Ltd   3,699,670 
 1,573,000     China Mobile Hong Kong Ltd   20,619,637 
 1,752,000     China Overseas Land & Investment Ltd   5,051,872 
 734,400     China Pacific Insurance Group Co Ltd   3,529,350 
 752,000     China Shenhua Energy Co Ltd   2,064,265 
 2,852,000  *,e  China Shipping Development Co Ltd   2,029,204 
 2,996,800  *,e  China Vanke Co Ltd   6,493,665 
 3,317,000     CNOOC Ltd   4,401,208 
 2,017,000     CPMC Holdings Ltd   1,075,884 
 477,700  *,e,g  Dalian Wanda Commercial Properties Co Ltd   2,951,618 
 2,592,000     Guangdong Investments Ltd   3,479,334 
 8,708,000     Huadian Fuxin Energy Corp Ltd   4,104,091 
 5,286,000     Huadian Power International Co   4,780,872 
 10,934,000     Huaneng Renewables Corp Ltd   3,905,968 
 146,313  *,e  iKang Healthcare Group, Inc (ADR)   2,491,710 
 22,356,834     Industrial & Commercial Bank of China   15,943,258 
 133,690  *  JD.com, Inc (ADR)   3,320,860 
 1,000,000     Ping An Insurance Group Co of China Ltd   10,598,932 
 6,084,000  e  Sihuan Pharmaceutical Holdings   3,916,601 
 1,693,900     Tencent Holdings Ltd   28,570,254 
       TOTAL CHINA   192,965,954 
              
COLOMBIA - 0.2%
 601,369     Cementos Argos S.A.   2,267,457 
       TOTAL COLOMBIA   2,267,457 
73

TIAA-CREF FUNDS - Emerging Markets Equity Fund

 

SHARES       COMPANY  VALUE  
              
CZECH REPUBLIC - 0.4%
 17,417     Komercni Banka AS  $3,544,419 
       TOTAL CZECH REPUBLIC   3,544,419 
                
EGYPT - 0.7%
 829,573     Commercial International Bank   6,010,051 
       TOTAL EGYPT   6,010,051 
                
GREECE - 1.1%
 367,100     Aegean Airlines S.A.   2,845,685 
 186,901     Eurobank Properties Real Estate Investment Co   1,664,831 
 231,402  *  Hellenic Telecommunications Organization S.A.   1,908,209 
 141,528     JUMBO S.A.   1,344,750 
 217,667     OPAP S.A.   1,839,529 
       TOTAL GREECE   9,603,004 
                
HONG KONG - 3.1%
 1,014,200     AIA Group Ltd   5,887,368 
 22,290  *,m  Asia Pacific Investment Partners Limited   169,529 
 3,062,000     China Gas Holdings Ltd   4,732,465 
 1,643,400  *,e,m  China Metal Recycling Holdings Ltd   2,120 
 158,700     Hong Kong Exchanges and Clearing Ltd   3,652,504 
 49,875,941     Lai Fung Holdings Ltd   980,412 
 71,072,000     Lai Sun Development   1,590,174 
 22,290  *,m  Mongolian Metals Corporation   0 
 3,099,000  *  PAX Global Technology Ltd   2,901,686 
 4,172,254  *  Summit Ascent Holdings Ltd   2,321,268 
 924,000     Techtronic Industries Co   3,017,568 
 300,000     Wharf Holdings Ltd   2,430,367 
       TOTAL HONG KONG   27,685,461 
                
INDIA - 13.9%
 152,219     Apollo Hospitals Enterprise Ltd   3,221,961 
 519,229     Axis Bank Ltd   4,918,612 
 445,453     Bharat Forge Ltd   7,426,714 
 259,179     Bharat Petroleum Corp Ltd   3,123,774 
 299,205  *  Eros International Media Ltd   1,739,729 
 349,205     HDFC Bank Ltd   6,039,787 
 383,026  *  Hindustan Petroleum Corp Ltd   4,049,977 
 217,735     Housing Development Finance Corp   4,424,540 
 1,277,750     ICICI Bank Ltd   7,423,182 
 102,862     Idea Cellular Ltd   256,651 
 416,318     IndusInd Bank Ltd   5,839,782 
 245,653     Infosys Technologies Ltd   8,443,552 
 771,737     IRB Infrastructure Developers Ltd   3,348,002 
 260,699     Larsen & Toubro Ltd   7,135,289 
 231,275     Lupin Ltd   5,918,421 
 535,233     Motherson Sumi Systems Ltd   3,888,449 
 1,054,777     Mundra Port and Special Economic Zone Ltd   5,795,842 
 516,106     Oberoi Realty Ltd   2,350,667 
74

TIAA-CREF FUNDS - Emerging Markets Equity Fund

 

SHARES       COMPANY  VALUE  
              
 650,627     Phoenix Mills Ltd  $4,267,130 
 1,442,209     Power Grid Corp of India Ltd   3,439,258 
 23,015     Shree Cement Ltd   4,069,570 
 711,588     Sun Pharmaceutical Industries Ltd   10,526,669 
 115,271     Tata Consultancy Services Ltd   4,619,494 
 603,736     Tata Motors Ltd   5,693,572 
 10,004,347  *  Unitech Ltd   2,992,232 
 74,607  *  United Spirits Ltd   4,157,502 
       TOTAL INDIA   125,110,358 
             
INDONESIA - 1.5%
 2,731,400     Bank Rakyat Indonesia   2,499,179 
 3,111,100     PT Bank Mandiri Persero Tbk   2,679,922 
 8,852,500     PT Cardig Aero Services Tbk   841,589 
 3,851,400     PT Jasa Marga Tbk   2,179,215 
 1,988,329     PT Matahari Department Store Tbk   2,428,392 
 3,739,900     PT Perusahaan Gas Negara Persero Tbk   1,485,735 
 5,823,800     PT Vale Indonesia Tbk   1,578,359 
       TOTAL INDONESIA   13,692,391 
             
JAPAN - 0.5%
 6,500     Fast Retailing Co Ltd   2,411,343 
 84,900     Uni-Charm Corp   2,339,308 
       TOTAL JAPAN   4,750,651 
             
KOREA, REPUBLIC OF - 12.6%
 9,334     CJ O Shopping Co Ltd   1,888,988 
 40,527  *  Cosmax, Inc   4,010,457 
 36,853     Fila Korea Ltd   3,690,018 
 85,109     Hanjin Transportation Co Ltd   4,928,046 
 24,266     Hanssem Co Ltd   3,405,536 
 242,811  *  Hynix Semiconductor, Inc   10,488,351 
 29,920     Hyundai Motor Co   4,598,223 
 147,211     Korea Electric Power Corp   5,755,792 
 56,752  *  Korean Air Lines Co Ltd   2,463,387 
 22,783     LG Hausys Ltd   3,715,282 
 9,648     LG Household & Health Care Ltd   6,069,700 
 111,414     Samsung Card Co   3,872,522 
 34,336     Samsung Electronics Co Ltd   42,624,662 
 43,947     Samsung Life Insurance Co Ltd   4,513,975 
 18,236     SK Telecom Co Ltd   4,779,033 
 85,335     Woongjin Coway Co Ltd   6,838,828 
       TOTAL KOREA, REPUBLIC OF   113,642,800 
             
MALAYSIA - 0.5%
 1,284,700     Karex BHD   1,416,788 
 3,188,400     Silverlake Axis Ltd   3,078,722 
       TOTAL MALAYSIA   4,495,510 
             
MEXICO - 4.8%
 1,386,700  *  Alfa S.A. de C.V. (Class A)   2,541,289 
75

TIAA-CREF FUNDS - Emerging Markets Equity Fund

 

SHARES       COMPANY  VALUE  
              
 541,000  *  Banregio Grupo Financiero SAB de C.V.  $2,798,929 
 7,233,404  *,e  Cemex S.A. de C.V.   6,422,937 
 1,146,000     Concentradora Fibra Danhos S.A. de C.V.   2,720,216 
 746,300  *  Fomento Economico Mexicano S.A. de C.V.   6,232,983 
 695,400     Grupo Aeroportuario del Centro Norte Sab de C.V.   3,189,482 
 753,880     Grupo Financiero Banorte S.A. de C.V.   3,825,855 
 1,726,200     Grupo Mexico S.A. de C.V. (Series B)   4,559,209 
 1,192,700  *  Grupo Televisa S.A.   7,762,755 
 1,477,700     PLA Administradora Industrial S de RL de C.V.   3,165,479 
       TOTAL MEXICO   43,219,134 
              
PAKISTAN - 0.4%
 1,105,300     Engro Chemical Pakistan Ltd   3,251,712 
       TOTAL PAKISTAN   3,251,712 
              
PERU - 0.5%
 376,349     Cia de Minas Buenaventura S.A. (ADR) (Series B)   4,297,906 
       TOTAL PERU   4,297,906 
              
PHILIPPINES - 5.1%
 2,355,400     Aboitiz Power Corp   2,368,905 
 9,243,800  *  Bloomberry Resorts Corp   2,590,219 
 658,000  *  Century Pacific Food, Inc   268,406 
 1,014,200     Concepcion Industrial Corp   1,173,071 
 3,534,200     D&L Industries Inc   1,358,258 
 210,275     GT Capital Holdings, Inc   5,755,946 
 1,724,720     International Container Term Services, Inc   4,442,811 
 31,740,800     Megaworld Corp   3,722,655 
 17,113,000     Metro Pacific Investments Corp   2,003,522 
 2,003,683     Metropolitan Bank & Trust   4,316,372 
 112,242     Philippine Stock Exchange, Inc   902,146 
 13,228,700     PNOC Energy Development Corp   2,558,362 
 4,072,000     Robinsons Land Corp   2,562,957 
 1,292,070     Robinsons Retail Holdings, Inc   2,320,821 
 8,113,175     SM Prime Holdings   3,410,137 
 1,287,287     Universal Robina   6,039,411 
       TOTAL PHILIPPINES   45,793,999 
              
PORTUGAL - 0.1%
 441,005  e  Mota Engil SGPS S.A.   1,348,473 
       TOTAL PORTUGAL   1,348,473 
              
QATAR - 0.5%
 87,563  *  Qatar National Bank   4,754,600 
       TOTAL QATAR   4,754,600 
              
RUSSIA - 1.1%
 146,372     LUKOIL (ADR)   5,755,252 
 278,481     MMC Norilsk Nickel (ADR)   4,589,955 
       TOTAL RUSSIA   10,345,207 
76

TIAA-CREF FUNDS - Emerging Markets Equity Fund

 

SHARES      COMPANY  VALUE 
             
SINGAPORE - 0.7%
 1,263,100     Petra Foods Ltd  $3,723,863 
 1,424,000     Singapore Post Ltd   2,251,169 
       TOTAL SINGAPORE   5,975,032 
             
SOUTH AFRICA - 3.9%
 254,349     AVI Ltd   1,843,165 
 388,949     Barclays Africa Group Ltd   6,612,298 
 296,652     Foschini Ltd   4,253,272 
 135,850     Naspers Ltd (N Shares)   19,597,972 
 147,358     Shoprite Holdings Ltd   2,329,384 
       TOTAL SOUTH AFRICA   34,636,091 
             
SRI LANKA - 0.3%
 1,473,251     John Keells Holdings plc   2,381,045 
       TOTAL SRI LANKA   2,381,045 
             
TAIWAN - 8.7%
 4,226,000     Advanced Semiconductor Engineering, Inc   5,306,669 
 476,000     Airtac International Group   4,132,824 
 654,000     Catcher Technology Co Ltd   5,718,951 
 136,321     ChipMOS TECHNOLOGIES Bermuda Ltd   3,199,454 
 265,000     Eclat Textile Co Ltd   2,743,367 
 1,353,730     Hon Hai Precision Industry Co, Ltd   3,714,623 
 2,324,636     Hota Industrial Manufacturing Co Ltd   4,160,037 
 112,000     Largan Precision Co Ltd   9,313,646 
 605,000     MediaTek, Inc   9,199,169 
 790,000     Novatek Microelectronics Corp Ltd   4,345,402 
 5,500,000     Taiwan Semiconductor Manufacturing Co Ltd   24,186,957 
 333,000     TPK Holding Co Ltd   2,157,355 
       TOTAL TAIWAN   78,178,454 
             
THAILAND - 2.8%
 351,200     Airports of Thailand PCL (ADR)   3,465,260 
 22,676,900  *  Asia Aviation PCL (ADR)   3,767,794 
 3,681,073     Beauty Community PCL (ADR)   4,295,344 
 4,533,500     MC Group PCL (ADR)   2,035,229 
 4,607,210     Minor International PCL (Foreign)   5,086,739 
 608,300     PTT PCL (ADR)   6,431,576 
       TOTAL THAILAND   25,081,942 
             
TURKEY - 2.5%
 449,576     Arcelik AS   2,857,200 
 147,263     Coca-Cola Icecek AS   2,969,393 
 1,677,404     Emlak Konut Gayrimenkul Yatiri   2,190,408 
 936,736     Haci Omer Sabanci Holding AS   3,945,830 
 151,408     Tupras Turkiye Petrol Rafine   3,281,581 
 1,067,536  *  Turk Hava Yollari   4,074,154 
 1,673,402     Yapi ve Kredi Bankasi   3,459,368 
       TOTAL TURKEY   22,777,934 
77

TIAA-CREF FUNDS - Emerging Markets Equity Fund

 

SHARES       COMPANY  VALUE  
              
UNITED ARAB EMIRATES - 2.5%
 8,376,124  *  Air Arabia PJSC  $3,780,746 
 275,978     Al Noor Hospitals Group plc   3,774,359 
 177,060     DP World Ltd   3,474,114 
 2,336,263  *  Emaar Malls Group PJSC   1,766,867 
 2,584,130     Emaar Properties PJSC   4,710,070 
 1,163,402     First Gulf Bank PJSC   5,364,486 
       TOTAL UNITED ARAB EMIRATES   22,870,642 
             
UNITED KINGDOM - 0.5%
 90,220     SABMiller plc (Johannesburg)   4,890,429 
       TOTAL UNITED KINGDOM   4,890,429 
             
UNITED STATES - 1.0%
 208,736  *  Eros International plc   3,915,887 
 115,211  *  Yahoo!, Inc   5,068,132 
       TOTAL UNITED STATES   8,984,019 
             
VIETNAM - 0.3%
 465,876  *  Mobile World Investment Corp   2,728,296 
       TOTAL VIETNAM   2,728,296 
             
       TOTAL COMMON STOCKS   895,163,317 
       (Cost $819,585,744)     
             
PREFERRED STOCKS - 0.0%
PHILIPPINES - 0.0%
 1,721,900  *,m  Ayala Land, Inc (Preferred B)   3,905 
       TOTAL PHILIPPINES   3,905 
             
       TOTAL PREFERRED STOCKS   3,905 
       (Cost $4,057)     
             
RIGHTS / WARRANTS - 0.0%
GREECE - 0.0%
 923,635     Piraeus Bank S.A.   111,677 
       TOTAL GREECE   111,677 
             
THAILAND - 0.0%
 214,931     Minor International PCL   37,102 
       TOTAL THAILAND   37,102 
             
       TOTAL RIGHTS / WARRANTS   148,779 
       (Cost $812,067)     
78

TIAA-CREF FUNDS - Emerging Markets Equity Fund

 

SHARES      COMPANY  VALUE 
            
SHORT-TERM INVESTMENTS - 2.2%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.2%
 19,464,420  c  TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		  $19,464,420 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   19,464,420 
       TOTAL SHORT-TERM INVESTMENTS  $19,464,420 
       (Cost $19,464,420)     
             
       TOTAL INVESTMENTS - 102.1%   920,643,304 
       (Cost $847,255,703)     
       OTHER ASSETS & LIABILITIES, NET - (2.1)%   (18,495,846)
       NET ASSETS - 100.0%  $902,147,458 

 

       
    Abbreviation(s):
    ADR     American Depositary Receipt

 

*   Non-income producing.
c   Investments made with cash collateral received from securities on loan.
e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $17,449,315.
g   Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 01/31/15 the aggregate value of these securities, is $5,062,977, or 0.6% of net assets.
j   Zero coupon.
m   Indicates a security that has been deemed illiquid.
79

TIAA-CREF FUNDS - Emerging Markets Equity Fund

 

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2015

 

       % OF 
SECTOR  VALUE   NET ASSETS 
FINANCIALS  $252,919,046    28.0%
INFORMATION TECHNOLOGY   189,955,033    21.1 
CONSUMER DISCRETIONARY   124,816,213    13.8 
INDUSTRIALS   99,988,972    11.1 
CONSUMER STAPLES   52,844,027    5.9 
HEALTH CARE   40,040,092    4.4 
MATERIALS   39,846,273    4.4 
UTILITIES   36,610,782    4.1 
ENERGY   36,594,916    4.1 
TELECOMMUNICATION SERVICES   27,563,530    3.1 
SHORT - TERM INVESTMENTS   19,464,420    2.2 
OTHER ASSETS & LIABILITIES, NET   (18,495,846)   (2.1)
           
NET ASSETS  $902,147,458    100.0%
80

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

 

TIAA-CREF FUNDS

ENHANCED INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

SHARES     COMPANY  VALUE 
             
COMMON STOCKS - 99.7%     
             
AUSTRALIA - 7.3%     
 81,306     Amcor Ltd  $803,565 
 126,841     APA Group   799,576 
 35,996     Australia & New Zealand Banking Group Ltd   918,887 
 178,728     BHP Billiton Ltd   4,122,313 
 672,545     Brambles Ltd   5,509,880 
 76,321     Commonwealth Bank of Australia   5,277,218 
 46,646     Computershare Ltd   419,113 
 49,818     Crown Ltd   523,449 
 55,786     CSL Ltd   3,796,433 
 941,553     Federation Centres   2,208,402 
 48,059  e  Flight Centre Ltd   1,402,902 
 4,321,942  e  Fortescue Metals Group Ltd   7,836,941 
 491,377  e  Harvey Norman Holdings Ltd   1,500,803 
 182,563     Lend Lease Corp Ltd   2,353,170 
 12,814     National Australia Bank Ltd   353,390 
 42,638     REA Group Ltd   1,630,988 
 2,729,894  *  Scentre Group   8,021,184 
 8,482     Sonic Healthcare Ltd   123,830 
 1,051,897     Telstra Corp Ltd   5,305,752 
 72,161     Wesfarmers Ltd   2,437,444 
 569,361     Westpac Banking Corp   15,216,766 
 132,651     Woodside Petroleum Ltd   3,523,075 
 209,123     Woolworths Ltd   5,146,251 
       TOTAL AUSTRALIA   79,231,332 
             
AUSTRIA - 0.0%     
 77,055  *,e,m  Immoeast AG.   0 
       TOTAL AUSTRIA   0 
             
BELGIUM - 1.7%     
 44,949     Ageas   1,539,226 
 151,786     Belgacom S.A.   5,653,151 
 95,650     Delhaize Group   7,956,779 
 24,718     InBev NV   3,014,758 
       TOTAL BELGIUM   18,163,914 
             
CHINA - 0.1%     
 1,623,000  e  Yangzijiang Shipbuilding   1,483,711 
       TOTAL CHINA   1,483,711 
             
DENMARK - 1.9%     
 1,548     AP Moller - Maersk AS (Class A)   3,029,261 
 4,562     AP Moller - Maersk AS (Class B)   9,218,657 
 3,317     Coloplast AS   261,464 
81

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 57,171     Novo Nordisk AS  $2,548,150 
 3,404     Pandora AS   243,344 
 129,752  *  Vestas Wind Systems AS   5,041,334 
       TOTAL DENMARK   20,342,210 
                
FINLAND - 1.3%        
 98,293     Fortum Oyj   2,096,663 
 58,934  e  Kone Oyj (Class B)   2,658,052 
 29,341  e  Neste Oil Oyj   815,927 
 462,246     UPM-Kymmene Oyj   8,125,071 
       TOTAL FINLAND   13,695,713 
                
FRANCE - 9.1%        
 505,340     AXA S.A.   11,820,884 
 119,027     Cap Gemini S.A.   8,638,988 
 21,251     Casino Guichard Perrachon S.A.   1,927,941 
 49,717     CNP Assurances   872,806 
 613,327     Credit Agricole S.A.   7,273,852 
 44,268     Edenred   1,272,291 
 132,571     Electricite de France   3,593,861 
 202,950     Groupe Eurotunnel S.A.   2,724,948 
 17,078     Imerys S.A.   1,233,120 
 17,331     Klepierre   815,560 
 6,940     L’Oreal S.A.   1,240,902 
 59,862     Michelin (C.G.D.E.) (Class B)   5,829,478 
 676,535     Natixis   4,302,748 
 73,942     Sanofi-Aventis   6,813,007 
 52,661     SCOR   1,639,333 
 8,641     Societe BIC S.A.   1,228,618 
 102,327     Technip S.A.   5,975,559 
 179,601     Total S.A.   9,219,020 
 63,285     Valeo S.A.   8,923,289 
 147,760     Vinci S.A.   7,762,450 
 245,613     Vivendi Universal S.A.   5,808,107 
 2,497     Wendel   279,836 
       TOTAL FRANCE   99,196,598 
                
GERMANY - 8.8%        
 88,960     Allianz AG.   14,668,732 
 124,407     BASF AG.   11,126,668 
 34,348     Bayer AG.   4,947,187 
 22,169     Continental AG.   5,002,363 
 178,051     Daimler AG. (Registered)   16,125,150 
 504,659     Deutsche Lufthansa AG.   8,535,777 
 111,407     Deutsche Post AG.   3,605,474 
 9,126     Henkel KGaA (Preference)   1,044,855 
 156,999     Infineon Technologies AG.   1,759,462 
 71,508     Merck KGaA   7,144,828 
 42,615     Muenchener Rueckver AG.   8,543,524 
 20,984  e  Siemens AG.   2,216,684 
 251,304     Telefonica Deutschland Holding AG.   1,394,179 
 120,996  *,e  ThyssenKrupp AG.   3,143,314 
82

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 26,632  *  TUI AG. (DI)  $468,524 
 29,470     Volkswagen AG.   6,543,106 
       TOTAL GERMANY   96,269,827 
                
HONG KONG - 3.6%        
 126,800     AIA Group Ltd   736,066 
 2,258,000     BOC Hong Kong Holdings Ltd   7,914,713 
 308,000     Cheung Kong Holdings Ltd   5,877,495 
 579,600  e  Henderson Land Development Co Ltd   4,131,861 
 537,500     Hong Kong Electric Holdings Ltd   5,621,819 
 113,000     Hutchison Whampoa Ltd   1,499,903 
 200,000     Hysan Development Co Ltd   966,636 
 730,000     Li & Fung Ltd   724,134 
 3,800,600     Noble Group Ltd   2,973,000 
 158,000     NWS Holdings Ltd   293,238 
 253,000     Sun Hung Kai Properties Ltd   4,116,893 
 222,500     Swire Pacific Ltd (Class A)   2,979,625 
 232,000     Wheelock & Co Ltd   1,312,608 
 177,500     Yue Yuen Industrial Holdings   660,562 
       TOTAL HONG KONG   39,808,553 
                
IRELAND - 0.5%        
 33,000  *  Ryanair Holdings plc (ADR)   2,177,340 
 37,914     Shire Ltd   2,767,262 
       TOTAL IRELAND   4,944,602 
                
ISRAEL - 0.5%        
 188,239     Bank Hapoalim Ltd   836,167 
 185,612     Bezeq Israeli Telecommunication Corp Ltd   296,013 
 1,521     Delek Group Ltd   372,042 
 28,023     Israel Chemicals Ltd   201,369 
 359     Israel Corp Ltd   116,496 
 73,803     Teva Pharmaceutical Industries Ltd   4,191,528 
       TOTAL ISRAEL   6,013,615 
                
ITALY - 1.5%        
 498,417     Assicurazioni Generali S.p.A.   10,519,376 
 208,067     ENI S.p.A.   3,501,472 
 407,603     Snam Rete Gas S.p.A.   1,994,339 
       TOTAL ITALY   16,015,187 
                
JAPAN - 21.2%        
 7,000  e  ABC-Mart, Inc   349,181 
 97,100  e  AEON Financial Service Co Ltd   1,744,912 
 1,332,000  e  Aozora Bank Ltd   4,847,384 
 784,000     Asahi Kasei Corp   7,742,830 
 23,800     Bridgestone Corp   951,222 
 57,400     Brother Industries Ltd   983,021 
 7,400     Calbee, Inc   288,969 
 211,500     Canon, Inc   6,690,894 
 69,500  e  Chugoku Electric Power Co, Inc   960,870 
83

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 133,700     Citizen Watch Co Ltd  $1,067,209 
 183,700     Dai-ichi Mutual Life Insurance Co   2,461,141 
 16,800     Daikin Industries Ltd   1,169,044 
 413,600  e  Daiwa House Industry Co Ltd   7,616,680 
 31,400     Denso Corp   1,389,083 
 364,000     Fuji Electric Holdings Co Ltd   1,556,538 
 78,700     Fujifilm Holdings Corp   2,659,878 
 341,300     Hino Motors Ltd   4,832,278 
 597,000     Hitachi Ltd   4,508,598 
 65,600     Hokuriku Electric Power Co   927,068 
 67,900     Hoya Corp   2,631,300 
 198,100     Isuzu Motors Ltd   2,637,207 
 969,500  *  Japan Display, Inc   3,397,517 
 178,600     Japan Tobacco, Inc   4,864,467 
 85,400     KDDI Corp   6,028,292 
 3,419,000     Kobe Steel Ltd   5,996,272 
 414,900     Komatsu Ltd   8,135,954 
 383,000     Kubota Corp   5,685,783 
 78,000  e  Lawson, Inc   5,099,746 
 764,000     Mitsubishi Electric Corp   8,836,218 
 305,000     Mitsubishi Heavy Industries Ltd   1,683,476 
 114,100     Mitsubishi UFJ Financial Group, Inc   606,358 
 320,000     Mitsui OSK Lines Ltd   1,080,307 
 181,000     Mitsui Trust Holdings, Inc   636,491 
 36,100  e  Nikon Corp   458,048 
 212,000     Nippon Meat Packers, Inc   5,241,088 
 116,400     Nippon Telegraph & Telephone Corp   6,889,336 
 221,000     Nippon Yusen Kabushiki Kaisha   657,057 
 671,100     Nissan Motor Co Ltd   5,722,615 
 47,000     NSK Ltd   550,773 
 260,000     ORIX Corp   2,987,610 
 5,500     Osaka Securities Exchange Co Ltd   127,987 
 290,400     Otsuka Holdings KK   8,984,703 
 370,900     Resona Holdings, Inc   1,840,113 
 104,800     Seiko Epson Corp   4,256,234 
 222,000     Sekisui Chemical Co Ltd   2,427,959 
 689,800  e  Sekisui House Ltd   8,920,163 
 85,200     Shionogi & Co Ltd   2,556,618 
 188,100  e  Showa Shell Sekiyu KK   1,835,771 
 30,500     So-net M3, Inc   613,529 
 40,600     Sony Corp   954,956 
 186,000     Sumitomo Heavy Industries Ltd   1,006,522 
 232,000     Sumitomo Mitsui Financial Group, Inc   7,785,185 
 69,200     Sysmex Corp   3,092,352 
 362,000     Taiheiyo Cement Corp   1,062,237 
 66,300     THK Co Ltd   1,610,129 
 330,400     Tohoku Electric Power Co, Inc   4,161,927 
 285,800     Tokio Marine Holdings, Inc   9,977,904 
 140,000     Tokyo Tatemono Co Ltd   945,164 
 49,600     Toyota Industries Corp   2,669,674 
 355,600     Toyota Motor Corp   22,925,860 
 330     United Urban Investment Corp   528,252 
84

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 156,900     West Japan Railway Co  $8,069,941 
 178,000     Yamaha Corp   2,592,193 
       TOTAL JAPAN   231,518,088 
             
LUXEMBOURG - 0.3%     
 79,054     SES Global S.A.   2,879,801 
       TOTAL LUXEMBOURG   2,879,801 
             
NETHERLANDS - 3.2%     
 73,988     Boskalis Westminster   3,270,900 
 16,914     Heineken Holding NV   1,106,892 
 527,639     Koninklijke Ahold NV   9,523,081 
 326,005     Royal Dutch Shell plc (A Shares)   9,935,186 
 368,722     Royal Dutch Shell plc (B Shares)   11,673,725 
       TOTAL NETHERLANDS   35,509,784 
             
NEW ZEALAND - 0.1%     
 133,945     Fletcher Building Ltd   813,685 
 101,068     Ryman Healthcare Ltd   605,011 
       TOTAL NEW ZEALAND   1,418,696 
             
NORWAY - 1.0%     
 474,270     Norsk Hydro ASA   2,787,161 
 83,828     Statoil ASA   1,403,807 
 308,824     Telenor ASA   6,634,395 
       TOTAL NORWAY   10,825,363 
             
PORTUGAL - 0.4%     
 1,296,738     Energias de Portugal S.A.   4,932,701 
       TOTAL PORTUGAL   4,932,701 
             
SINGAPORE - 1.2%     
 310,224     DBS Group Holdings Ltd   4,522,947 
 19,000     Jardine Cycle & Carriage Ltd   593,031 
 2,513  *  Kenon Holdings Ltd   42,609 
 1,046,469     Oversea-Chinese Banking Corp   8,026,586 
       TOTAL SINGAPORE   13,185,173 
             
SPAIN - 2.4%     
 1,835,930     Banco Santander Central Hispano S.A.   12,348,592 
 599,547     Criteria CaixaBank S.A.   2,611,473 
 218,312     Gas Natural SDG S.A.   5,124,605 
 23,631     Red Electrica de Espana   2,013,316 
 309,758     Telefonica S.A.   4,644,946 
       TOTAL SPAIN   26,742,932 
             
SWEDEN - 2.9%     
 921,360     Ericsson (LM) (B Shares)   11,170,804 
 26,501     Hakon Invest AB   1,018,206 
 97,707     Investor AB (B Shares)   3,555,428 
 319,085     Skandinaviska Enskilda Banken AB (Class A)   3,842,292 
85

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 244,589     Skanska AB (B Shares)  $5,421,124 
 93,449     Svenska Handelsbanken (A Shares)   4,425,179 
 19,491     Swedish Match AB   634,567 
 176,035     TeliaSonera AB   1,084,686 
       TOTAL SWEDEN   31,152,286 
             
SWITZERLAND - 9.0%     
 4,320     Givaudan S.A.   7,874,604 
 222,449     Glencore Xstrata plc   829,419 
 3,270     Kuehne & Nagel International AG.   450,130 
 261     Lindt & Spruengli AG.   1,358,512 
 235,869     Nestle S.A.   18,013,542 
 284,247     Novartis AG.   27,700,643 
 13,157     Phonak Holding AG.   1,728,522 
 90,774     Roche Holding AG.   24,465,171 
 121,623     Swiss Re Ltd   10,971,294 
 14,306     Zurich Financial Services AG.   4,743,558 
       TOTAL SWITZERLAND   98,135,395 
             
UNITED KINGDOM - 21.3%     
 279,740     Antofagasta plc   2,727,503 
 27,175     Ashtead Group plc   442,205 
 33,456     AstraZeneca plc (ADR)   2,376,714 
 1,201,478     Aviva plc   9,532,389 
 463,747     BHP Billiton plc   10,072,829 
 273,311     BP plc (ADR)   10,612,666 
 306,949     British American Tobacco plc   17,316,842 
 405,237     British Land Co plc   5,050,029 
 519,882     British Sky Broadcasting plc   7,249,844 
 1,646,940     BT Group plc   10,332,322 
 19,932     Bunzl plc   567,801 
 19,337     Croda International plc   772,249 
 35,584     Diageo plc   1,053,308 
 712,955     Direct Line Insurance Group plc   3,343,516 
 321,567     easyJet plc   8,966,215 
 587,698  *  Fiat DaimlerChrysler Automobiles NV   7,751,002 
 753,617     GKN plc   4,162,099 
 758,971     GlaxoSmithKline plc   16,711,570 
 1,071,117     HSBC Holdings plc   9,799,870 
 257,909     Imperial Tobacco Group plc   12,113,721 
 687,728  *  International Consolidated Airlines Group S.A.   5,611,341 
 67,672     Johnson Matthey plc   3,310,561 
 2,601,113     Legal & General Group plc   10,446,388 
 310,424     Liberty International plc   1,703,633 
 252,000  *  Lloyds TSB Group plc   279,169 
 666,189     National Grid plc   9,365,954 
 513,306     Prudential plc   12,478,671 
 61,437     Reckitt Benckiser Group plc   5,199,712 
 162,966     Reed Elsevier NV   3,984,282 
 539,088     Reed Elsevier plc   9,359,115 
 20,517     Rio Tinto plc   901,578 
 318,948     Sage Group plc   2,299,251 
86

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 17,263     Severn Trent plc  $558,885 
 373,789     Tate & Lyle plc   3,812,244 
 332,946     Unilever NV   14,438,079 
 10,712     Unilever plc   471,693 
 21,303     United Utilities Group plc   328,788 
 79,123     Vodafone Group plc (ADR)   2,779,591 
 88,903     Weir Group plc   2,241,408 
 31,905     Wolseley plc   1,849,376 
       TOTAL UNITED KINGDOM   232,374,413 
                
UNITED STATES - 0.4%        
 70,000  d  iShares MSCI EAFE Index Fund   4,284,700 
       TOTAL UNITED STATES   4,284,700 
             
       TOTAL COMMON STOCKS   1,088,124,594 
       (Cost $1,029,372,749)     
             
RIGHTS / WARRANTS - 0.0%        
SPAIN - 0.0%           
 1,835,930  m  Banco Santander S.A.   280,645 
       TOTAL SPAIN   280,645 
             
       TOTAL RIGHTS / WARRANTS   280,645 
       (Cost $315,530)     
             
SHORT-TERM INVESTMENTS - 3.6%        
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 3.6%        
 39,617,971  c  TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		   39,617,971 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   39,617,971 
       TOTAL SHORT-TERM INVESTMENTS   39,617,971 
       (Cost $39,617,971)     
             
       TOTAL INVESTMENTS - 103.3%   1,128,023,210 
       (Cost $1,069,306,250)     
       OTHER ASSETS & LIABILITIES, NET - (3.3)%   (35,844,023)
       NET ASSETS - 100.0%  $1,092,179,187 
       
       
      Abbreviation(s):
      ADR American Depositary Receipt
         
  *   Non-income producing.
  c   Investments made with cash collateral received from securities on loan.
  d   All or a portion of these securities have been segregated to cover margin requirements on open futures transactions.
  e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $37,743,328.
  m   Indicates a security that has been deemed illiquid.
87

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

 

TIAA-CREF FUNDS

ENHANCED INTERNATIONAL EQUITY INDEX FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2015

 

       % OF 
SECTOR  VALUE   NET ASSETS 
FINANCIALS  $279,848,498    25.6%
CONSUMER DISCRETIONARY   137,555,427    12.6 
INDUSTRIALS   134,925,138    12.4 
CONSUMER STAPLES   124,323,599    11.4 
HEALTH CARE   121,428,522    11.1 
MATERIALS   81,599,785    7.5 
ENERGY   58,868,250    5.4 
TELECOMMUNICATION SERVICES   56,850,770    5.2 
INFORMATION TECHNOLOGY   50,482,269    4.6 
UTILITIES   42,522,981    3.9 
SHORT - TERM INVESTMENTS   39,617,971    3.6 
OTHER ASSETS & LIABILITIES, NET   (35,844,023)   (3.3)
           
NET ASSETS  $1,092,179,187    100.0%
88

TIAA-CREF FUNDS - Global Natural Resources Fund

 

TIAA-CREF FUNDS

GLOBAL NATURAL RESOURCES FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

SHARES     COMPANY   VALUE 
             
COMMON STOCKS - 99.2%     
             
AUSTRALIA - 6.4%     
 1,910,042  *  Alumina Ltd  $2,858,975 
 371,168     Amcor Ltd   3,668,336 
 123,335     BHP Billiton Ltd   2,844,689 
 37,830     Caltex Australia Ltd   979,050 
 377,714  e  Fortescue Metals Group Ltd   684,906 
 142,000  *  Newcrest Mining Ltd   1,533,239 
 206,262     Oil Search Ltd   1,241,236 
 99,428     Woodside Petroleum Ltd   2,640,706 
       TOTAL AUSTRALIA   16,451,137 
             
BRAZIL - 0.7%     
 140,000     Suzano Papel e Celulose S.A.   567,148 
 213,200     Vale S.A. (Preference)   1,314,995 
       TOTAL BRAZIL   1,882,143 
             
CANADA - 11.6%     
 46,035     Agrium, Inc   4,911,439 
 127,700     Alimentation Couche Tard, Inc   5,003,686 
 106,750     Franco-Nevada Corp   6,160,366 
 64,885     Imperial Oil Ltd   2,412,188 
 117,205  e  Parkland Income Fund   2,019,058 
 227,685     Potash Corp of Saskatchewan   8,288,902 
 91,798  *,e  Seven Generations Energy Ltd   1,180,436 
       TOTAL CANADA   29,976,075 
             
DENMARK - 1.0%     
 57,268     Novozymes AS   2,611,676 
       TOTAL DENMARK   2,611,676 
             
FINLAND - 1.3%     
 146,437     Stora Enso Oyj (R Shares)   1,420,794 
 115,766     UPM-Kymmene Oyj   2,034,862 
       TOTAL FINLAND   3,455,656 
             
FRANCE - 2.3%     
 117,518     Total S.A.   6,032,265 
       TOTAL FRANCE   6,032,265 
             
INDIA - 2.1%     
 71,992     Britannia Industries Ltd   2,191,856 
 196,558     PI Industries Ltd   1,589,823 
 282,068     United Phosphorus Ltd   1,673,916 
       TOTAL INDIA   5,455,595 
89

TIAA-CREF FUNDS - Global Natural Resources Fund

 

SHARES       COMPANY   VALUE  
                   
INDONESIA - 1.6%        
  5,220,000       PT Charoen Pokphand Indonesia Tbk   $ 1,621,309  
  2,688,600       PT Perusahaan Gas Negara Persero Tbk     1,068,089  
  4,831,900       PT Vale Indonesia Tbk     1,309,535  
          TOTAL INDONESIA     3,998,933  
                   
JAPAN - 2.8%        
  152,500       Hitachi Metals Ltd     2,485,029  
  124,200       JFE Holdings, Inc     2,735,798  
  146,000       Sumitomo Metal Mining Co Ltd     2,086,643  
          TOTAL JAPAN     7,307,470  
                   
JERSEY, C.I. - 1.5%        
  46,253       Randgold Resources Ltd     3,969,881  
          TOTAL JERSEY, C.I.     3,969,881  
                   
KOREA, REPUBLIC OF - 1.1%        
  7,294       Korea Zinc Co Ltd     2,849,082  
          TOTAL KOREA, REPUBLIC OF     2,849,082  
                   
MALAYSIA - 0.6%        
  476,700       IOI Corp BHD     618,869  
  130,300       Kuala Lumpur Kepong BHD     813,836  
          TOTAL MALAYSIA     1,432,705  
                   
NETHERLANDS - 3.4%        
  214,720       Royal Dutch Shell plc (A Shares)     6,543,713  
  70,678       Royal Dutch Shell plc (B Shares)     2,237,663  
          TOTAL NETHERLANDS     8,781,376  
                   
NORWAY - 2.2%        
  341,582       Norsk Hydro ASA     2,007,388  
  52,806       Statoil ASA     884,304  
  55,672       Yara International ASA     2,898,415  
          TOTAL NORWAY     5,790,107  
                   
POLAND - 0.9%        
  81,373       KGHM Polska Miedz S.A.     2,306,889  
          TOTAL POLAND     2,306,889  
                   
RUSSIA - 1.9%        
  49,314       LUKOIL (ADR)     1,938,994  
  123,195       MMC Norilsk Nickel (ADR)     2,030,514  
  79,146   *   Uralkali (GDR)     982,149  
          TOTAL RUSSIA     4,951,657  
                   
SOUTH AFRICA - 0.4%        
  30,235       Sasol Ltd     1,092,087  
          TOTAL SOUTH AFRICA     1,092,087  
90

TIAA-CREF FUNDS - Global Natural Resources Fund

 

SHARES    COMPANY  VALUE 
          
SWEDEN - 2.0%     
 163,300     Billerud AB  $2,478,807 
 173,615     Boliden AB   2,712,166 
       TOTAL SWEDEN   5,190,973 
             
SWITZERLAND - 2.8%     
 22,516     Syngenta AG.   7,334,220 
       TOTAL SWITZERLAND   7,334,220 
             
THAILAND - 1.1%     
 264,600     PTT PCL (Foreign)   2,797,626 
       TOTAL THAILAND   2,797,626 
             
UNITED ARAB EMIRATES - 0.2%     
 53,853     Dragon Oil plc   450,316 
       TOTAL UNITED ARAB EMIRATES   450,316 
             
UNITED KINGDOM - 5.9%     
 114,500     Anglo American plc (London)   1,912,564 
 101,427     Antofagasta plc   988,927 
 149,274     BG Group plc   1,990,997 
 266,910     BHP Billiton plc   5,797,425 
 600     BP plc   3,855 
 101,528     Rio Tinto plc   4,461,443 
       TOTAL UNITED KINGDOM   15,155,211 
             
UNITED STATES - 45.4%     
 157,404     Alcoa, Inc   2,463,373 
 32,777     Alliance Holdings GP LP   1,930,565 
 168,167     Archer Daniels Midland Co   7,841,627 
 45,005     Bunge Ltd   4,029,298 
 21,700     Casey’s General Stores, Inc   1,981,210 
 22,488     CF Industries Holdings, Inc   6,867,385 
 23,279     Cimarex Energy Co   2,402,393 
 29,461     Compass Minerals International, Inc   2,574,891 
 76,969     ConocoPhillips   4,847,508 
 83,216  *  Continental Resources, Inc   3,778,006 
 16,688  *  Diamondback Energy, Inc   1,151,305 
 41,953     EOG Resources, Inc   3,735,075 
 168,352     Exxon Mobil Corp   14,717,332 
 258,805  *  Graphic Packaging Holding Co   3,747,496 
 94,695     International Paper Co   4,986,639 
 42,722     Kinder Morgan, Inc   1,753,738 
 34,012     Magellan Midstream Partners LP   2,636,610 
 149,702     Monsanto Co   17,661,842 
 57,003     Mosaic Co   2,775,476 
 11,892     NewMarket Corp   5,347,476 
 44,188  *,e  Oasis Petroleum, Inc   593,887 
 46,156     Packaging Corp of America   3,500,933 
 72,903  *,e  Pilgrim’s Pride Corp   1,979,317 
 9,200     Pioneer Natural Resources Co   1,384,876 
91

TIAA-CREF FUNDS - Global Natural Resources Fund

 

SHARES    COMPANY  VALUE 
          
 83,602     Plains GP Holdings LP  $2,180,340 
 25,714     Royal Gold, Inc   1,863,236 
 239,465  e  Southern Copper Corp (NY)   6,532,605 
 112,366     Steel Dynamics, Inc   1,914,717 
       TOTAL UNITED STATES   117,179,156 
             
       TOTAL COMMON STOCKS   256,452,236 
       (Cost $251,219,256)     
     
SHORT-TERM INVESTMENTS - 4.8%    
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 4.8%    
  12,398,733   c   TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		     12,398,733  
          TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES     12,398,733  
          TOTAL SHORT-TERM INVESTMENTS     12,398,733  
          (Cost $12,398,733)        
                   
          TOTAL INVESTMENTS - 104.0%     268,850,969  
          (Cost $263,617,989)        
          OTHER ASSETS & LIABILITIES, NET - (4.0)%     (10,434,939 )
          NET ASSETS - 100.0%   $ 258,416,030  
       
       
  Abbreviation(s):
  ADR   American Depositary Receipt
  GDR   Global Depositary Receipt

 

  *   Non-income producing.
  c   Investments made with cash collateral received from securities on loan.
  e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $12,099,552.
92

TIAA-CREF FUNDS - Global Natural Resources Fund

 

TIAA-CREF FUNDS

GLOBAL NATURAL RESOURCES FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2015

 

       % OF 
SECTOR  VALUE   NET ASSETS 
MATERIALS  $153,747,010    59.5%
ENERGY   75,556,129    29.2 
CONSUMER STAPLES   26,081,008    10.1 
UTILITIES   1,068,089    0.4 
SHORT - TERM INVESTMENTS   12,398,733    4.8 
OTHER ASSETS & LIABILITIES, NET   (10,434,939)   (4.0)
           
NET ASSETS  $258,416,030    100.0%
93

TIAA-CREF FUNDS - International Equity Fund

 

TIAA-CREF FUNDS

INTERNATIONAL EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

SHARES     COMPANY  VALUE 
           
COMMON STOCKS - 99.3%      
              
AUSTRALIA - 0.5%      
 899,370  e  BHP Billiton Ltd  $20,743,727 
       TOTAL AUSTRALIA   20,743,727 
              
BELGIUM - 0.3%      
 291,753  e  Fagron NV   11,911,724 
       TOTAL BELGIUM   11,911,724 
              
CHINA - 0.4%      
 26,421,000  *,e  Intime Retail Group Co Ltd   16,249,949 
       TOTAL CHINA   16,249,949 
              
FRANCE - 21.6%      
 4,975,489     Accor S.A.   247,366,339 
 228,692     Aeroports de Paris   27,439,612 
 381,807     BNP Paribas   20,046,912 
 1,947,483     Compagnie de Saint-Gobain   82,964,097 
 94,709     Eiffage S.A.   4,611,164 
 1,172,908  e  Essilor International S.A.   130,628,418 
 57,558     Nexity   2,266,386 
 2,208,607     Renault S.A.   168,795,794 
 4,890,774     Rexel S.A.   91,377,818 
 858,615     Vinci S.A.   45,106,630 
       TOTAL FRANCE   820,603,170 
              
GERMANY - 12.0%      
 1,632,333  e  Adidas-Salomon AG.   112,316,351 
 489,553     Bayer AG.   70,510,950 
 3,716,211  *  Commerzbank AG.   44,554,764 
 593,604     Henkel KGaA (Preference)   67,962,987 
 842,626     Linde AG.   161,422,145 
       TOTAL GERMANY   456,767,197 
              
GREECE - 1.9%      
 1,882,546  *  Hellenic Telecommunications Organization S.A.   15,524,029 
 19,394,474  *  National Bank of Greece S.A.   19,833,666 
 61,072,071  *  Piraeus Bank S.A.   35,533,842 
       TOTAL GREECE   70,891,537 
              
HONG KONG - 0.0%      
 18,265     Hong Kong Exchanges and Clearing Ltd   420,372 
       TOTAL HONG KONG   420,372 
94

TIAA-CREF FUNDS - International Equity Fund

 

SHARES     COMPANY  VALUE 
              
INDIA - 11.5%      
 2,160,298  a  Ceat Ltd  $28,542,021 
 460,155     Eicher Motors Ltd   120,673,830 
 5,850,561     HDFC Bank Ltd   101,190,253 
 5,511,180     IndusInd Bank Ltd   77,306,500 
 3,950,241     Larsen & Toubro Ltd   108,117,446 
       TOTAL INDIA   435,830,050 
              
INDONESIA - 0.6%      
 36,788,000     PT Indofood Sukses Makmur Tbk   21,867,533 
       TOTAL INDONESIA   21,867,533 
              
JAPAN - 14.3%      
 59,300     Daikin Industries Ltd   4,126,448 
 315,100     Don Quijote Co Ltd   22,941,658 
 4,750     Fanuc Ltd   797,712 
 43,100  e  Fast Retailing Co Ltd   15,989,057 
 1,380,700     Hoya Corp   53,505,683 
 1,111,900     J Front Retailing Co Ltd   14,169,192 
 34,697     Kao Corp   1,521,395 
 25,830     Komatsu Ltd   506,512 
 714,100     Matsui Securities Co Ltd   6,039,665 
 4,457,400     Mazda Motor Corp   91,557,004 
 32,057     Mitsubishi Corp   559,241 
 241,984     Mitsubishi Electric Corp   2,798,722 
 363,000     Mitsubishi Heavy Industries Ltd   2,003,612 
 1,240,147     Mitsubishi UFJ Financial Group, Inc   6,590,470 
 24,000     Mitsui Trust Holdings, Inc   84,397 
 378,900     Murata Manufacturing Co Ltd   40,903,872 
 1,234,000     NGK Insulators Ltd   24,866,631 
 58,647     Nomura Holdings, Inc   311,805 
 3,337,975  *  Olympus Corp   115,440,651 
 4,149,150     Sony Corp   97,592,478 
 73,250     Sumitomo Corp   722,857 
 16,000     Sumitomo Metal Mining Co Ltd   228,673 
 13,000     Suruga Bank Ltd   244,085 
 504,100     Toyota Motor Corp   32,499,793 
 1,039,700  e  Yumeshin Holdings Co Ltd   6,601,560 
       TOTAL JAPAN   542,603,173 
              
MEXICO - 0.4%      
 335,800     Grupo Financiero Banorte S.A. de C.V.   1,704,147 
 6,301,200  *  Qualitas Controladora SAB de C.V.   12,501,930 
       TOTAL MEXICO   14,206,077 
              
NETHERLANDS - 5.2%      
 74,404     ASML Holding NV   7,760,951 
 1,444,607     Heineken NV   107,808,491 
 6,477,836  *  ING Groep NV   80,535,056 
 3,701     Royal Dutch Shell plc (A Shares)   112,790 
       TOTAL NETHERLANDS   196,217,288 
95

TIAA-CREF FUNDS - International Equity Fund

 

SHARES     COMPANY  VALUE 
              
SPAIN - 0.8%      
 1,431,267     Endesa S.A.  $28,564,976 
       TOTAL SPAIN   28,564,976 
              
SWEDEN - 4.4%      
 3,530,859     SKF AB (B Shares)   83,228,974 
 7,026,897     Volvo AB (B Shares)   82,265,550 
       TOTAL SWEDEN   165,494,524 
              
SWITZERLAND - 7.5%      
 1,065,145     Adecco S.A.   79,570,083 
 134,003     Burckhardt Compression Holding AG.   41,450,909 
 38,471     Geberit AG.   13,143,396 
 520,176     Holcim Ltd   36,367,001 
 643,210     Swatch Group AG. (Registered)   47,283,763 
 415,860     UBS AG.   6,970,252 
 180,402     Zurich Financial Services AG.   59,817,369 
       TOTAL SWITZERLAND   284,602,773 
              
UNITED KINGDOM - 17.9%      
 373,524     ARM Holdings plc   5,821,531 
 1,340,133     Associated British Foods plc   62,500,067 
 117,983     Barclays plc   414,359 
 14,568,146     British Sky Broadcasting plc   203,155,313 
 4,223,822     Essentra plc   52,590,014 
 35,253,350     Group 4 Securicor plc   151,064,599 
 477,246  *  Indivior plc   1,250,761 
 34,779,614     Man Group plc   93,631,749 
 232,195     Reckitt Benckiser Group plc   19,651,791 
 209,630     Rio Tinto plc   9,211,767 
 6,027,841     Rolls-Royce Group plc   80,532,102 
       TOTAL UNITED KINGDOM   679,824,053 
             
       TOTAL COMMON STOCKS   3,766,798,123 
       (Cost $3,722,711,070)     
             
SHORT-TERM INVESTMENTS - 1.2%      
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.2%      
 47,116,863  c  TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		   47,116,863 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   47,116,863 
       TOTAL SHORT-TERM INVESTMENTS   47,116,863 
       (Cost $47,116,863)     
             
       TOTAL INVESTMENTS - 100.5%   3,813,914,986 
       (Cost $3,769,827,933)     
       OTHER ASSETS & LIABILITIES, NET - (0.5)%   (18,853,924)
       NET ASSETS - 100.0%  $3,795,061,062 
       
       
         
  *   Non-income producing.
  a   Affiliated holding.
  c   Investments made with cash collateral received from securities on loan.
  e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $44,997,917.
96

TIAA-CREF FUNDS - International Equity Fund

 

TIAA-CREF FUNDS

INTERNATIONAL EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2015

 

       % OF 
SECTOR  VALUE   NET ASSETS 
CONSUMER DISCRETIONARY  $1,098,458,712    28.9%
INDUSTRIALS   1,054,529,505    27.8 
FINANCIALS   569,997,979    15.0 
HEALTH CARE   329,742,504    8.7 
CONSUMER STAPLES   281,312,264    7.4 
MATERIALS   280,563,327    7.4 
INFORMATION TECHNOLOGY   107,992,037    2.9 
UTILITIES   28,564,976    0.8 
TELECOMMUNICATION SERVICES   15,524,029    0.4 
ENERGY   112,790    0.0 
SHORT - TERM INVESTMENTS   47,116,863    1.2 
OTHER ASSETS & LIABILITIES, NET   (18,853,924)   (0.5)
           
NET ASSETS  $3,795,061,062    100.0%
97

TIAA-CREF FUNDS - International Opportunities Fund

 

TIAA-CREF FUNDS

INTERNATIONAL OPPORTUNITIES FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

SHARES     COMPANY  VALUE 
              
COMMON STOCKS - 96.2%      
              
AUSTRALIA - 2.3%      
 429,239     Australia & New Zealand Banking Group Ltd  $10,957,381 
 520,711     BHP Billiton Ltd   12,010,059 
 99,964     National Australia Bank Ltd   2,756,849 
       TOTAL AUSTRALIA   25,724,289 
              
BELGIUM - 1.5%      
 170,753  e  Fagron NV   6,971,522 
 123,136     UCB S.A.   9,572,438 
       TOTAL BELGIUM   16,543,960 
              
BRAZIL - 1.7%      
 849,180     Banco Itau Holding Financeira S.A.   10,412,009 
 266,000     Cia Brasileira de Distribuicao Grupo Pao de Acucar   8,832,796 
       TOTAL BRAZIL   19,244,805 
              
CANADA - 6.5%      
 362,972     Alimentation Couche Tard, Inc   14,222,378 
 146,157  e  Canadian National Railway Co   9,629,546 
 271,532     Dollarama, Inc   12,896,007 
 90,300     Gildan Activewear, Inc   5,271,468 
 244,639     Suncor Energy, Inc   7,296,622 
 344,115     Toronto-Dominion Bank   13,702,856 
 408,112     TransForce, Inc   9,262,572 
       TOTAL CANADA   72,281,449 
              
CHINA - 6.9%      
 95,047  *  Alibaba Group Holding Ltd (ADR)   8,466,787 
 135,569  *,e  Bitauto Holdings Ltd (ADR)   8,109,738 
 11,963,200  e  China Animal Healthcare Ltd   8,047,155 
 7,728,600  e  China Everbright International Ltd   11,402,970 
 3,585,200  e  Haitong Securities Co Ltd   7,768,454 
 15,315,000     Sihuan Pharmaceutical Holdings   9,859,096 
 1,035,900     Tencent Holdings Ltd   17,472,062 
 12,349,600  *  Xinchen China Power Holdings Ltd   4,729,502 
       TOTAL CHINA   75,855,764 
              
FRANCE - 5.0%      
 167,385     BNP Paribas   8,788,609 
 51,194     L’Oreal S.A.   9,153,706 
 179,532     Teleperformance   12,862,723 
 259,025     Total S.A.   13,295,899 
 76,200     Valeo S.A.   10,744,325 
       TOTAL FRANCE   54,845,262 
98

TIAA-CREF FUNDS - International Opportunities Fund

 

SHARES     COMPANY  VALUE 
              
GERMANY - 4.9%      
 96,751     Allianz AG.  $15,953,400 
 92,800     Bayerische Motoren Werke AG.   10,791,766 
 102,705     Beiersdorf AG.   9,014,533 
 332,900     Deutsche Lufthansa AG.   5,630,654 
 411,339  *,e  Paion AG.   878,961 
 269,573     Wirecard AG.   12,049,711 
       TOTAL GERMANY   54,319,025 
              
HONG KONG - 1.7%      
 2,434,200     AIA Group Ltd   14,130,381 
 5,461,100  *  PAX Global Technology Ltd   5,113,390 
       TOTAL HONG KONG   19,243,771 
              
INDIA - 1.1%      
 463,079     Just Dial Ltd   11,617,602 
       TOTAL INDIA   11,617,602 
              
INDONESIA - 1.8%      
 12,089,500     PT Bank Mandiri Persero Tbk   10,413,975 
 69,636,000     PT Express Transindo Utama Tbk   5,318,085 
 52,244,500     PT Lippo Karawaci Tbk   4,668,997 
       TOTAL INDONESIA   20,401,057 
              
IRELAND - 3.2%      
 483,135     CRH plc   11,655,951 
 183,188     Shire Ltd   13,370,503 
 417,403     Smurfit Kappa Group plc   10,261,978 
       TOTAL IRELAND   35,288,432 
              
ITALY - 0.6%      
 285,302  *,e  Yoox S.p.A   6,173,192 
       TOTAL ITALY   6,173,192 
              
JAPAN - 13.7%      
 128,700  *,e  CYBERDYNE, Inc   3,351,443 
 373,900     Fuji Heavy Industries Ltd   13,485,561 
 230,300  e  GMO Payment Gateway, Inc   3,993,389 
 394,800     Hoya Corp   15,299,517 
 818,800     Infomart Corp   6,987,721 
 663,900     Kubota Corp   9,855,853 
 1,057,000  e  Matsui Securities Co Ltd   8,939,821 
 1,624,000  e  Mitsui OSK Lines Ltd   5,482,556 
 361,300  e  MonotaRO Co Ltd   9,165,172 
 112,000     Murata Manufacturing Co Ltd   12,090,878 
 131,100     Nitto Denko Corp   7,826,466 
 61,300  e  Oriental Land Co Ltd   14,852,427 
 695,600     ORIX Corp   7,993,007 
 168,000     Seria Co Ltd   4,848,895 
 1,458,700     Shimizu Corp   10,064,507 
99

TIAA-CREF FUNDS - International Opportunities Fund

 

SHARES     COMPANY  VALUE 
              
 177,400     Sumitomo Mitsui Financial Group, Inc  $5,952,982 
 244,900     Sysmex Corp   10,943,889 
       TOTAL JAPAN   151,134,084 
              
KOREA, REPUBLIC OF - 4.0%      
 79,760  *  Cosmax, Inc   7,892,863 
 98,587     Hanssem Co Ltd   13,835,887 
 88,889  *  i-SENS Inc   5,088,832 
 14,246     Samsung Electronics Co Ltd   17,684,965 
       TOTAL KOREA, REPUBLIC OF   44,502,547 
              
MALAYSIA - 0.4%      
 4,088,900     Karex BHD   4,509,304 
       TOTAL MALAYSIA   4,509,304 
              
NETHERLANDS - 3.4%      
 130,390     ASML Holding NV   13,600,752 
 1,221,117  *  ING Groep NV   15,181,417 
 273,982     Royal Dutch Shell plc (A Shares)   8,349,755 
       TOTAL NETHERLANDS   37,131,924 
              
NORWAY - 1.8%      
 595,304     DNB NOR Holding ASA   8,625,123 
 652,988     Statoil ASA   10,935,119 
       TOTAL NORWAY   19,560,242 
              
PHILIPPINES - 4.1%      
 3,265,380     Banco de Oro Universal Bank   8,474,781 
 28,871,600  *  Bloomberry Resorts Corp   8,090,152 
 90,393,800     Megaworld Corp   10,601,653 
 9,768,450     Nickel Asia Corp   6,012,822 
 6,599,860     Robinsons Retail Holdings, Inc   11,854,692 
       TOTAL PHILIPPINES   45,034,100 
              
SINGAPORE - 0.7%      
 5,147,100     Singapore Post Ltd   8,136,934 
       TOTAL SINGAPORE   8,136,934 
              
SOUTH AFRICA - 0.6%      
 1,792,743     Life Healthcare Group Holdings Pte Ltd   6,671,594 
       TOTAL SOUTH AFRICA   6,671,594 
              
SPAIN - 2.2%      
 457,231     Acerinox S.A.   6,806,995 
 278,060  e  Amadeus IT Holding S.A.   11,151,386 
 142,139  *,e,m  Let’s GOWEX S.A.   1,606 
 155,320     Tecnicas Reunidas S.A.   6,039,993 
       TOTAL SPAIN   23,999,980 
              
SWEDEN - 3.1%      
 487,300  e  Elekta AB (B Shares)   5,229,779 
100

TIAA-CREF FUNDS - International Opportunities Fund

 

SHARES     COMPANY  VALUE 
              
 355,100     Hexagon AB (B Shares)  $11,243,533 
 322,640     Intrum Justitia AB   8,585,969 
 292,584     Kinnevik Investment AB (Series B)   8,743,459 
       TOTAL SWEDEN   33,802,740 
              
SWITZERLAND - 3.2%      
 105,877     Lonza Group AG.   12,539,671 
 235,180     Novartis AG.   22,918,930 
       TOTAL SWITZERLAND   35,458,601 
              
TAIWAN - 2.8%      
 998,897     Eclat Textile Co Ltd   10,340,911 
 5,929,407     Hota Industrial Manufacturing Co Ltd   10,610,931 
 713,000     King Slide Works Co Ltd   10,275,072 
       TOTAL TAIWAN   31,226,914 
              
UNITED ARAB EMIRATES - 0.4%      
 306,808     Al Noor Hospitals Group plc   4,196,000 
       TOTAL UNITED ARAB EMIRATES   4,196,000 
              
UNITED KINGDOM - 15.4%      
 1,421,762     Ashtead Group plc   23,135,634 
 135,100  *,e  ASOS plc   5,572,486 
 603,613  *  BTG plc   7,171,634 
 235,141     Consort Medical plc   2,998,046 
 1,059,028     Countrywide plc   7,315,848 
 1,529,698  *  International Consolidated Airlines Group S.A. (London)   12,461,202 
 1,464,387  *  Just Eat plc   7,863,182 
 4,330,944     Man Group plc   11,659,527 
 2,211,558  *,e  Monitise plc   433,036 
 291,574     PayPoint plc   3,635,927 
 1,288,786     Poundland Group plc   6,856,215 
 274,888     Rightmove plc   9,603,083 
 810,869  *  Sports Direct International plc   8,647,847 
 8,156,585     Taylor Wimpey plc   16,570,624 
 379,159     Travis Perkins plc   10,941,109 
 101,960     Unilever plc   4,489,709 
 1,747,186  *  Virgin Money Holdings UK plc   8,230,371 
 184,281     Whitbread plc   13,832,284 
 406,297     WPP plc   8,934,704 
       TOTAL UNITED KINGDOM   170,352,468 
              
UNITED STATES - 3.2%      
 161,073  *,e  Lululemon Athletica, Inc   10,669,475 
 147,900  *,e  Mobileye NV   5,825,781 
 27,831     Perrigo Co plc   4,223,076 
 94,005  *  Valeant Pharmaceuticals International, Inc   15,030,295 
       TOTAL UNITED STATES   35,748,627 
             
       TOTAL COMMON STOCKS   1,063,004,667 
       (Cost $1,006,258,590)     
101

TIAA-CREF FUNDS - International Opportunities Fund

 

PRINCIPAL     ISSUER  RATE   MATURITY
DATE		  VALUE 
                 
SHORT-TERM INVESTMENTS - 8.7%             
GOVERNMENT AGENCY DEBT - 1.9%             
$21,200,000     Federal Home Loan Mortgage Corp (FHLMC)   0.040%  02/23/15  $21,199,746 
       TOTAL GOVERNMENT AGENCY DEBT           21,199,746 
                     
SHARES     COMPANY                  
                         
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 6.8%             
 75,058,027  c  TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		           75,058,027 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES       75,058,027 
       TOTAL SHORT-TERM INVESTMENTS           96,257,773 
       (Cost $96,257,509)             
                     
       TOTAL INVESTMENTS - 104.9%           1,159,262,440 
       (Cost $1,102,516,099)             
       OTHER ASSETS & LIABILITIES, NET - (4.9)%           (54,038,758)
       NET ASSETS - 100.0%          $1,105,223,682 
       
       
      Abbreviation(s):
      ADR American Depositary Receipt
         
  *   Non-income producing.
  c   Investments made with cash collateral received from securities on loan.
  e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $71,405,739.
  m   Indicates a security that has been deemed illiquid.
102

TIAA-CREF FUNDS - International Opportunities Fund

 

TIAA-CREF FUNDS

INTERNATIONAL OPPORTUNITIES FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2015

 

       % OF 
SECTOR  VALUE   NET ASSETS 
CONSUMER DISCRETIONARY  $213,183,523    19.3%
FINANCIALS   201,270,900    18.2 
INDUSTRIALS   165,846,485    15.0 
INFORMATION TECHNOLOGY   163,177,649    14.8 
HEALTH CARE   149,062,864    13.5 
CONSUMER STAPLES   69,969,981    6.3 
MATERIALS   54,574,271    4.9 
ENERGY   45,917,388    4.2 
TELECOMMUNICATION SERVICES   1,606    0.0 
SHORT - TERM INVESTMENTS   96,257,773    8.7 
OTHER ASSETS & LIABILITIES, NET   (54,038,758)   (4.9)
           
NET ASSETS  $1,105,223,682    100.0%
103

TIAA-CREF FUNDS - Equity Index Fund

 

TIAA-CREF FUNDS

EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

SHARES    COMPANY  VALUE  
         
COMMON STOCKS - 99.7%    
             
AUTOMOBILES & COMPONENTS - 1.1%    
 26,759  *  American Axle & Manufacturing Holdings, Inc  $651,582 
 92,358     BorgWarner, Inc   4,988,256 
 25,308     Cooper Tire & Rubber Co   880,465 
 5,446  *  Cooper-Standard Holding, Inc   284,554 
 68,250     Dana Holding Corp   1,424,378 
 11,325  *,e  Dorman Products, Inc   517,892 
 9,467     Drew Industries, Inc   476,001 
 12,398  *  Federal Mogul Corp (Class A)   167,745 
 1,589,888     Ford Motor Co   23,387,252 
 5,704  *  Fox Factory Holding Corp   86,644 
 6,354  *  Fuel Systems Solutions, Inc   68,242 
 648,014     General Motors Co   21,138,217 
 121,466     Gentex Corp   2,027,268 
 14,737  *  Gentherm, Inc   542,027 
 111,152     Goodyear Tire & Rubber Co   2,694,324 
 85,815     Harley-Davidson, Inc   5,294,786 
 264,307     Johnson Controls, Inc   12,282,346 
 32,307     Lear Corp   3,242,007 
 21,146  *  Modine Manufacturing Co   257,770 
 7,659  *  Motorcar Parts of America, Inc   200,053 
 12,315     Remy International, Inc   261,940 
 3,214  *  Shiloh Industries, Inc   39,307 
 13,757     Spartan Motors, Inc   71,674 
 7,864     Standard Motor Products, Inc   286,721 
 12,077  *  Stoneridge, Inc   152,412 
 1,415     Strattec Security Corp   89,145 
 9,325     Superior Industries International, Inc   170,181 
 24,233  *  Tenneco, Inc   1,246,061 
 39,617  *,e  Tesla Motors, Inc   8,066,021 
 18,249     Thor Industries, Inc   1,028,331 
 8,089  *  Tower International, Inc   191,467 
 44,079  *  TRW Automotive Holdings Corp   4,547,630 
 19,258  *  Visteon Corp   1,867,063 
 11,180     Winnebago Industries, Inc   222,370 
       TOTAL AUTOMOBILES & COMPONENTS   98,852,132 
             
BANKS - 5.6%     
 5,849     1st Source Corp   173,891 
 3,144     American National Bankshares, Inc   67,659 
 9,012     Ameris Bancorp   217,460 
 3,475  e  Ames National Corp   83,504 
 12,788     Apollo Residential Mortgage   200,132 
 4,470  e  Arrow Financial Corp   114,298 
 63,588     Associated Banc-Corp   1,068,914 
104

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 34,469     Astoria Financial Corp  $421,556 
 11,158  e  Banc of California, Inc   114,369 
 2,807     Bancfirst Corp   161,852 
 11,115     Banco Latinoamericano de Exportaciones S.A. (Class E)   309,775 
 38,151     Bancorpsouth, Inc   757,297 
 19,189     Bank Mutual Corp   122,234 
 4,317,087     Bank of America Corp   65,403,868 
 21,096  e  Bank of Hawaii Corp   1,191,080 
 2,455     Bank of Kentucky Financial Corp   109,100 
 2,316     Bank of Marin Bancorp   113,507 
 37,793     Bank of the Ozarks, Inc   1,225,627 
 7,344     BankFinancial Corp   83,061 
 41,337     BankUnited   1,143,381 
 8,283     Banner Corp   334,467 
 299,302     BB&T Corp   10,562,368 
 31,029     BBCN Bancorp, Inc   401,825 
 3,307  *  BBX Capital Corp   46,761 
 13,896  *  Beneficial Bancorp, Inc   149,938 
 9,956     Berkshire Hills Bancorp, Inc   247,904 
 11,500  *  Blue Hills Bancorp, Inc   152,835 
 7,943     BNC Bancorp   126,929 
 8,075  *,e  BofI Holding, Inc   681,207 
 11,776  e  BOK Financial Corp   637,199 
 31,753     Boston Private Financial Holdings, Inc   349,283 
 4,660     Bridge Bancorp, Inc   115,009 
 3,968  *  Bridge Capital Holdings   86,701 
 27,051     Brookline Bancorp, Inc   259,690 
 5,252     Bryn Mawr Bank Corp   153,096 
 2,827     Camden National Corp   105,051 
 9,174  *  Capital Bank Financial Corp   224,029 
 4,271     Capital City Bank Group, Inc   64,065 
 72,810     Capitol Federal Financial   907,213 
 12,761     Cardinal Financial Corp   227,273 
 11,872  *  Cascade Bancorp   54,849 
 31,797     Cathay General Bancorp   759,630 
 13,964     Centerstate Banks of Florida, Inc   153,744 
 7,908     Central Pacific Financial Corp   165,910 
 710     Century Bancorp, Inc   27,534 
 8,748     Charter Financial Corp   97,978 
 12,251     Chemical Financial Corp   347,438 
 77,265     CIT Group, Inc   3,385,752 
 1,247,547     Citigroup, Inc   58,572,332 
 5,032     Citizens & Northern Corp   97,269 
 69,921     Citizens Financial Group, Inc   1,671,112 
 6,773  e  City Holding Co   286,701 
 19,417     City National Corp   1,683,260 
 10,322     Clifton Bancorp, Inc   136,870 
 5,791     CNB Financial Corp   98,447 
 14,484     CoBiz, Inc   157,876 
 20,938     Columbia Banking System, Inc   532,453 
 77,963     Comerica, Inc   3,235,464 
 38,739     Commerce Bancshares, Inc   1,549,560 
105

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 16,220     Community Bank System, Inc  $545,479 
 6,977     Community Trust Bancorp, Inc   220,334 
 4,655  *  CommunityOne Bancorp   45,433 
 8,773     ConnectOne Bancorp, Inc   161,423 
 3,920  *,e  CU Bancorp   79,654 
 24,352     Cullen/Frost Bankers, Inc   1,517,130 
 8,947  *  Customers Bancorp, Inc   175,808 
 42,142     CVB Financial Corp   615,695 
 13,236     Dime Community Bancshares   195,363 
 11,629  *  Eagle Bancorp, Inc   397,712 
 60,089     East West Bancorp, Inc   2,174,020 
 3,026     Enterprise Bancorp, Inc   61,882 
 7,766     Enterprise Financial Services Corp   148,408 
 4,802     ESB Financial Corp   80,241 
 16,579  *  Essent Group Ltd   387,783 
 36,743     EverBank Financial Corp   641,165 
 4,261     Federal Agricultural Mortgage Corp (Class C)   117,391 
 6,593     Fidelity Southern Corp   100,807 
 338,579     Fifth Third Bancorp   5,857,417 
 5,686     Financial Institutions, Inc   125,263 
 7,695     First Bancorp (NC)   127,737 
 73,562  *  First Bancorp (Puerto Rico)   403,855 
 3,643     First Bancorp, Inc   60,401 
 28,287     First Busey Corp   174,248 
 1,622     First Business Financial Services, Inc   70,995 
 3,178     First Citizens Bancshares, Inc (Class A)   775,591 
 37,222     First Commonwealth Financial Corp   293,682 
 6,839     First Community Bancshares, Inc   107,304 
 6,203     First Connecticut Bancorp   91,494 
 3,699     First Defiance Financial Corp   112,671 
 23,087     First Financial Bancorp   381,397 
 29,911  e  First Financial Bankshares, Inc   738,802 
 4,551     First Financial Corp   147,498 
 5,550     First Financial Northwest, Inc   66,544 
 95,427     First Horizon National Corp   1,239,597 
 6,709     First Interstate Bancsystem, Inc   160,345 
 14,242     First Merchants Corp   311,045 
 30,162     First Midwest Bancorp, Inc   464,495 
 11,324  *  First NBC Bank Holding Co   350,591 
 167,681     First Niagara Financial Group, Inc   1,361,570 
 4,731     First of Long Island Corp   110,280 
 59,700     First Republic Bank   3,039,924 
 66,882     FirstMerit Corp   1,095,862 
 8,294  *  Flagstar Bancorp, Inc   117,858 
 11,966     Flushing Financial Corp   216,585 
 70,680     FNB Corp   848,160 
 4,715     Fox Chase Bancorp, Inc   76,572 
 75,235     Fulton Financial Corp   838,870 
 5,141     German American Bancorp, Inc   143,948 
 29,731     Glacier Bancorp, Inc   662,109 
 4,253     Great Southern Bancorp, Inc   153,618 
 7,731  *  Great Western Bancorp, Inc   156,166 
106

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 5,658     Guaranty Bancorp  $75,704 
 15,264  *,e  Hampton Roads Bankshares, Inc   24,728 
 32,474     Hancock Holding Co   847,896 
 12,696     Hanmi Financial Corp   252,143 
 6,260     Heartland Financial USA, Inc   172,901 
 8,704     Heritage Commerce Corp   72,765 
 11,879     Heritage Financial Corp   184,362 
 9,193     Heritage Oaks Bancorp   70,602 
 31,405  *  Hilltop Holdings, Inc   570,001 
 21,505     Home Bancshares, Inc   636,978 
 28,235  e  Home Loan Servicing Solutions Ltd   340,514 
 8,420  *  HomeTrust Bancshares, Inc   130,089 
 3,681     Horizon Bancorp   82,381 
 214,122     Hudson City Bancorp, Inc   1,920,674 
 6,296     Hudson Valley Holding Corp   155,322 
 337,292     Huntington Bancshares, Inc   3,379,666 
 12,449     IBERIABANK Corp   679,840 
 9,542     Independent Bank Corp (MA)   360,974 
 9,223     Independent Bank Corp (MI)   113,443 
 3,656     Independent Bank Group, Inc   114,104 
 21,517     International Bancshares Corp   484,348 
 154,587     Investors Bancorp, Inc   1,702,003 
 1,552,787     JPMorgan Chase & Co   84,440,557 
 5,755  *  Kearny Financial Corp   74,815 
 361,463     Keycorp   4,695,404 
 5,950  *  Ladder Capital Corp   111,622 
 14,928     Lakeland Bancorp, Inc   161,073 
 6,729     Lakeland Financial Corp   253,952 
 15,780  *  LegacyTexas Financial Group, Inc   312,760 
 3,655  *  LendingTree, Inc   150,513 
 53,507  e  M&T Bank Corp   6,054,852 
 9,756     Macatawa Bank Corp   51,414 
 7,844     MainSource Financial Group, Inc   150,605 
 26,238     MB Financial, Inc   745,422 
 6,528     Mercantile Bank Corp   124,032 
 1,972     Merchants Bancshares, Inc   52,790 
 7,947  *  Meridian Bancorp, Inc   92,265 
 2,375     Meta Financial Group, Inc   79,491 
 139,849  *  MGIC Investment Corp   1,191,513 
 3,121     Midsouth Bancorp, Inc   43,507 
 2,881     MidWestOne Financial Group, Inc   80,726 
 16,489     National Bank Holdings Corp   304,222 
 2,810     National Bankshares, Inc   82,108 
 47,673     National Penn Bancshares, Inc   462,428 
 8,294  *,e  Nationstar Mortgage Holdings, Inc   213,239 
 17,248     NBT Bancorp, Inc   396,876 
 190,586  e  New York Community Bancorp, Inc   2,944,554 
 13,260  *  NewBridge Bancorp   103,958 
 20,415  *,e  NMI Holdings, Inc   157,195 
 27,828     Northfield Bancorp, Inc   400,723 
 2,785     Northrim BanCorp, Inc   57,733 
 37,412     Northwest Bancshares, Inc   441,462 
107

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 5,353     OceanFirst Financial Corp  $86,719 
 44,157  *,e  Ocwen Financial Corp   270,241 
 17,355  e  OFG Bancorp   279,415 
 3,089  e  Old Line Bancshares, Inc   44,605 
 46,194     Old National Bancorp   619,461 
 1,536  *  Opus Bank   40,090 
 18,115     Oritani Financial Corp   255,603 
 6,850     Pacific Continental Corp   86,584 
 6,816  *  Pacific Premier Bancorp, Inc   101,286 
 41,297     PacWest Bancorp   1,765,653 
 1,937  e  Palmetto Bancshares, Inc   31,651 
 5,514  e  Park National Corp   443,381 
 16,587     Park Sterling Bank   111,133 
 4,691     Peapack Gladstone Financial Corp   83,640 
 1,915     Penns Woods Bancorp, Inc   85,045 
 5,701  *  Pennsylvania Commerce Bancorp, Inc   145,147 
 5,122  *  PennyMac Financial Services, Inc   92,298 
 4,317     Peoples Bancorp, Inc   98,643 
 3,001     Peoples Financial Services Corp   135,435 
 137,110  e  People’s United Financial, Inc   1,929,138 
 14,040     Pinnacle Financial Partners, Inc   504,598 
 219,277     PNC Financial Services Group, Inc   18,537,678 
 39,909  *  Popular, Inc   1,230,394 
 4,781     Preferred Bank   124,832 
 28,438     PrivateBancorp, Inc   862,809 
 31,570     Prosperity Bancshares, Inc   1,445,590 
 22,929     Provident Financial Services, Inc   398,047 
 76,247  e  Radian Group, Inc   1,201,653 
 582,998     Regions Financial Corp   5,072,083 
 12,480     Renasant Corp   326,477 
 4,212     Republic Bancorp, Inc (Class A)   95,991 
 13,106  *,e  Republic First Bancorp, Inc   44,954 
 11,689     S&T Bancorp, Inc   321,331 
 9,942     Sandy Spring Bancorp, Inc   245,866 
 7,351  *  Seacoast Banking Corp of Florida   93,064 
 5,350     ServisFirst Bancshares, Inc   162,640 
 5,108     Sierra Bancorp   80,911 
 21,754  *  Signature Bank   2,548,046 
 6,570     Simmons First National Corp (Class A)   245,849 
 9,814     South State Corp   585,994 
 8,974  e  Southside Bancshares, Inc   244,990 
 7,722     Southwest Bancorp, Inc   117,838 
 2,184  *  Square  Financial, Inc   50,800 
 11,877     State Bank & Trust Co   216,874 
 40,695     Sterling Bancorp/DE   536,360 
 5,933     Stock Yards Bancorp, Inc   182,736 
 3,414     Stonegate Bank   94,875 
 5,417  *,e  Stonegate Mortgage Corp   54,495 
 4,609     Suffolk Bancorp   106,007 
 3,512  *  Sun Bancorp, Inc   64,270 
 210,798     SunTrust Banks, Inc   8,098,859 
 74,408     Susquehanna Bancshares, Inc   938,285 
108

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 20,412  *  SVB Financial Group  $2,304,515 
 62,988     Synovus Financial Corp   1,623,201 
 17,340     Talmer Bancorp Inc   234,437 
 64,421     TCF Financial Corp   946,989 
 3,666     Territorial Bancorp, Inc   79,699 
 17,069  *  Texas Capital Bancshares, Inc   697,269 
 42,260     TFS Financial Corp   592,485 
 12,064  *  The Bancorp, Inc   102,785 
 5,756     Tompkins Trustco, Inc   295,110 
 17,600  e  TowneBank   255,379 
 9,011     Trico Bancshares   210,407 
 8,498  *  Tristate Capital Holdings, Inc   80,391 
 37,033     Trustco Bank Corp NY   238,122 
 28,543     Trustmark Corp   609,678 
 15,425     UMB Financial Corp   748,421 
 66,392     Umpqua Holdings Corp   1,029,740 
 18,425     Union Bankshares Corp   368,500 
 27,752  e  United Bankshares, Inc   938,295 
 20,030     United Community Banks, Inc   350,725 
 19,365     United Community Financial Corp   104,571 
 19,970     United Financial Bancorp, Inc (New)   248,427 
 6,493     Univest Corp of Pennsylvania   120,250 
 707,600     US Bancorp   29,655,516 
 111,029  e  Valley National Bancorp   1,008,143 
 7,203  *  Walker & Dunlop, Inc   127,853 
 40,232     Washington Federal, Inc   799,007 
 5,936     Washington Trust Bancorp, Inc   217,376 
 13,586     Waterstone Financial, Inc   172,270 
 36,708     Webster Financial Corp   1,120,695 
 1,958,655     Wells Fargo & Co   101,693,368 
 10,401     WesBanco, Inc   313,902 
 6,091     West Bancorporation, Inc   99,649 
 11,940  e  Westamerica Bancorporation   485,719 
 33,915  *  Western Alliance Bancorp   871,955 
 27,707     Wilshire Bancorp, Inc   252,134 
 18,363     Wintrust Financial Corp   798,240 
 3,599     WSFS Financial Corp   265,822 
 7,746  *  Yadkin Financial Corp   147,639 
 82,885     Zions Bancorporation   1,985,925 
       TOTAL BANKS   511,016,031 
             
CAPITAL GOODS - 7.7%    
 267,535     3M Co   43,420,930 
 30,970     A.O. Smith Corp   1,839,928 
 23,985     Aaon, Inc   523,113 
 14,774     AAR Corp   423,423 
 18,679  *  Accuride Corp   82,188 
 11,368     Aceto Corp   220,539 
 28,226     Actuant Corp (Class A)   652,303 
 16,976     Acuity Brands, Inc   2,544,533 
 4,218     Advanced Drainage Systems, Inc   104,902 
 66,619  *  Aecom Technology Corp   1,693,455 
109

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 15,083  *  Aegion Corp  $231,072 
 7,674  *  Aerovironment, Inc   196,378 
 38,949  e  AGCO Corp   1,688,050 
 41,807     Air Lease Corp   1,460,737 
 25,644     Aircastle Ltd   514,419 
 4,297     Alamo Group, Inc   193,580 
 12,060     Albany International Corp (Class A)   411,608 
 37,976     Allegion plc   2,051,084 
 13,101     Alliant Techsystems, Inc   1,707,191 
 53,691     Allison Transmission Holdings, Inc   1,681,602 
 10,776     Altra Holdings, Inc   275,327 
 7,666  *  Ameresco, Inc   44,693 
 3,814  e  American Railcar Industries, Inc   191,463 
 3,837     American Science & Engineering, Inc   178,037 
 4,635  *  American Woodmark Corp   190,638 
 96,533     Ametek, Inc   4,623,931 
 11,519     Apogee Enterprises, Inc   498,312 
 16,844     Applied Industrial Technologies, Inc   681,003 
 2,734  *,e  ARC Group Worldwide, Inc   21,024 
 4,920     Argan, Inc   149,617 
 18,894  *  Armstrong World Industries, Inc   957,926 
 44,191  *  ArvinMeritor, Inc   565,645 
 9,345     Astec Industries, Inc   332,308 
 7,720  *  Astronics Corp   429,927 
 9,722     AZZ, Inc   410,171 
 43,964     Babcock & Wilcox Co   1,197,140 
 19,950     Barnes Group, Inc   685,282 
 43,042  *  BE Aerospace, Inc   2,510,640 
 19,308  *  Beacon Roofing Supply, Inc   457,406 
 19,690  *  Blount International, Inc   305,195 
 299,792     Boeing Co   43,580,763 
 17,803     Briggs & Stratton Corp   327,753 
 18,279  *  Builders FirstSource, Inc   108,212 
 6,887  *  CAI International, Inc   144,420 
 154,005  *,e  Capstone Turbine Corp   95,498 
 25,615     Carlisle Cos, Inc   2,297,153 
 251,277     Caterpillar, Inc   20,094,622 
 12,653  *  Chart Industries, Inc   360,610 
 44,894  e  Chicago Bridge & Iron Co NV   1,549,292 
 6,858     CIRCOR International, Inc   338,717 
 21,011     Clarcor, Inc   1,313,818 
 41,140  *  Colfax Corp   1,864,053 
 7,576     Columbus McKinnon Corp   189,779 
 14,302     Comfort Systems USA, Inc   238,128 
 11,607  *  Commercial Vehicle Group, Inc   64,187 
 5,840  *  Continental Building Products Inc   97,762 
 18,711     Crane Co   1,140,435 
 8,646     Cubic Corp   452,099 
 74,237     Cummins, Inc   10,353,092 
 19,643     Curtiss-Wright Corp   1,306,849 
 250,934     Danaher Corp   20,671,943 
 138,511     Deere & Co   11,799,752 
110

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 29,960  *  DigitalGlobe, Inc  $805,624 
 57,693     Donaldson Co, Inc   2,109,256 
 8,590     Douglas Dynamics, Inc   173,432 
 66,262     Dover Corp   4,640,990 
 4,457  *  Ducommun, Inc   115,748 
 5,115  *  DXP Enterprises, Inc   209,817 
 12,599  *  Dycom Industries, Inc   388,175 
 6,057     Dynamic Materials Corp   85,767 
 191,292     Eaton Corp   12,068,612 
 26,817     EMCOR Group, Inc   1,082,334 
 283,416     Emerson Electric Co   16,137,707 
 8,337     Encore Wire Corp   255,362 
 17,096  *,e  Energy Recovery, Inc   56,417 
 18,470     EnerSys   1,078,279 
 6,890  *  Engility Holdings, Inc   274,911 
 7,225  *,e  Enphase Energy, Inc   89,518 
 9,371  *  EnPro Industries, Inc   555,981 
 2,200  *,e  Erickson Air-Crane, Inc   15,510 
 10,586     ESCO Technologies, Inc   381,308 
 12,425  *  Esterline Technologies Corp   1,392,718 
 86,792     Exelis, Inc   1,485,011 
 120,571  e  Fastenal Co   5,353,352 
 23,562     Federal Signal Corp   359,792 
 54,692     Flowserve Corp   2,980,167 
 63,306     Fluor Corp   3,392,569 
 65,968     Fortune Brands Home & Security, Inc   2,954,707 
 19,035     Franklin Electric Co, Inc   651,187 
 4,838     Freightcar America, Inc   112,919 
 105,235  *,e  FuelCell Energy, Inc   126,282 
 16,219  *  Furmanite Corp   118,885 
 18,353     GATX Corp   1,048,874 
 23,952  *,e  GenCorp, Inc   402,394 
 26,763  e  Generac Holdings, Inc   1,170,614 
 22,518     General Cable Corp   257,606 
 123,096     General Dynamics Corp   16,397,618 
 4,113,067     General Electric Co   98,261,171 
 3,009  *,e  General Finance Corp   22,357 
 13,826  *  Gibraltar Industries, Inc   209,326 
 7,887     Global Brass & Copper Holdings, Inc   103,556 
 6,758     Global Power Equipment Group, Inc   83,326 
 9,996     Gorman-Rupp Co   284,986 
 24,145     Graco, Inc   1,720,090 
 55,840  *,e  GrafTech International Ltd   202,699 
 4,428     Graham Corp   91,615 
 15,221     Granite Construction, Inc   518,732 
 23,276  *  Great Lakes Dredge & Dock Corp   180,854 
 11,454  e  Greenbrier Cos, Inc   594,806 
 17,223     Griffon Corp   253,006 
 12,157     H&E Equipment Services, Inc   213,234 
 32,060     Harsco Corp   473,206 
 44,955  *  HD Supply Holdings, Inc   1,296,053 
 26,414     Heico Corp   1,602,802 
111

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 40,313     Hexcel Corp  $1,783,044 
 25,350     Hillenbrand, Inc   796,243 
 320,190     Honeywell International, Inc   31,301,774 
 7,143     Houston Wire & Cable Co   79,073 
 24,152     Hubbell, Inc (Class B)   2,561,078 
 19,852     Huntington Ingalls   2,314,743 
 2,730     Hurco Cos, Inc   95,768 
 4,045     Hyster-Yale Materials Handling, Inc   253,419 
 32,033     IDEX Corp   2,317,588 
 20,932  *  II-VI, Inc   359,821 
 132,406     Illinois Tool Works, Inc   12,325,675 
 108,619     Ingersoll-Rand plc   7,212,302 
 7,047     Insteel Industries, Inc   143,900 
 42,495     ITT Corp   1,521,746 
 52,136  *  Jacobs Engineering Group, Inc   1,986,382 
 11,643     John Bean Technologies Corp   351,502 
 40,850     Joy Global, Inc   1,713,249 
 4,553     Kadant, Inc   180,936 
 10,788     Kaman Corp   410,160 
 57,613     KBR, Inc   952,343 
 30,835     Kennametal, Inc   968,836 
 14,738  *,e  KEYW Holding Corp   131,021 
 21,521  *  KLX, Inc   845,990 
 18,068  *  Kratos Defense & Security Solutions, Inc   87,810 
 36,795     L-3 Communications Holdings, Inc   4,530,200 
 8,028  *,e  Layne Christensen Co   64,947 
 4,086     LB Foster Co (Class A)   193,717 
 20,258     Lennox International, Inc   1,991,564 
 32,107     Lincoln Electric Holdings, Inc   2,180,386 
 5,108  e  Lindsay Manufacturing Co   441,433 
 4,505  *,e  LMI Aerospace, Inc   63,971 
 111,894     Lockheed Martin Corp   21,077,473 
 8,117     LSI Industries, Inc   59,579 
 7,012  *  Lydall, Inc   193,181 
 4,394  *,e  Manitex International, Inc   48,070 
 55,014     Manitowoc Co, Inc   1,028,762 
 142,037     Masco Corp   3,528,199 
 13,527  *  Masonite International Corp   848,413 
 24,509  *  Mastec, Inc   453,907 
 23,948  *  Middleby Corp   2,275,539 
 5,071     Miller Industries, Inc   102,434 
 17,441  *  Moog, Inc (Class A)   1,226,102 
 45,192  *  MRC Global, Inc   488,526 
 19,094     MSC Industrial Direct Co (Class A)   1,433,387 
 22,475     Mueller Industries, Inc   705,490 
 62,679     Mueller Water Products, Inc (Class A)   641,206 
 8,496  *  MYR Group, Inc   212,655 
 1,821  e  National Presto Industries, Inc   114,723 
 21,878  *,e  Navistar International Corp   643,651 
 16,004  *  NCI Building Systems, Inc   246,942 
 6,966     NN, Inc   160,566 
 5,130  *  Norcraft Cos, Inc   105,781 
112

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 25,670     Nordson Corp  $1,870,316 
 3,666  *  Nortek, Inc   279,826 
 83,862     Northrop Grumman Corp   13,162,141 
 3,916  *  Northwest Pipe Co   93,710 
 44,610  *,e  NOW, Inc   1,113,019 
 1,327     Omega Flex, Inc   41,628 
 24,035  *  Orbital Sciences Corp   675,143 
 11,009  *  Orion Marine Group, Inc   100,512 
 34,026     Oshkosh Truck Corp   1,458,014 
 46,798     Owens Corning, Inc   1,874,260 
 141,231     Paccar, Inc   8,489,395 
 43,677     Pall Corp   4,226,187 
 59,325     Parker Hannifin Corp   6,908,989 
 3,044  *  Patrick Industries, Inc   130,892 
 81,698  e  Pentair plc   5,049,753 
 16,836  *  Perini Corp   365,510 
 19,110  *  Pgt, Inc   164,155 
 79,073  *,e  Plug Power, Inc   211,125 
 10,543  *  Ply Gem Holdings, Inc   132,842 
 17,985  *  Polypore International, Inc   804,289 
 3,751     Powell Industries, Inc   146,326 
 1,741  *,e  Power Solutions International, Inc   76,987 
 9,931  *,e  PowerSecure International, Inc   93,351 
 58,650     Precision Castparts Corp   11,735,865 
 1,112     Preformed Line Products Co   53,165 
 14,897     Primoris Services Corp   279,766 
 9,038  *,e  Proto Labs, Inc   581,957 
 13,625     Quanex Building Products Corp   256,559 
 85,925  *  Quanta Services, Inc   2,275,294 
 14,555     Raven Industries, Inc   312,059 
 129,885     Raytheon Co   12,994,994 
 11,826     RBC Bearings, Inc   686,381 
 17,932     Regal-Beloit Corp   1,234,618 
 28,397  *,e  Revolution Lighting Technologies, Inc   32,373 
 29,102  *  Rexnord Corp   720,274 
 54,850     Rockwell Automation, Inc   5,974,262 
 57,402     Rockwell Collins, Inc   4,914,759 
 40,491     Roper Industries, Inc   6,249,381 
 15,653  *  Rush Enterprises, Inc (Class A)   438,284 
 982     SIFCO Industries, Inc   28,468 
 16,416     Simpson Manufacturing Co, Inc   535,818 
 23,767     Snap-On, Inc   3,154,119 
 20,914  *,e  SolarCity Corp   1,016,630 
 5,902  *  Sparton Corp   138,579 
 48,810  *  Spirit Aerosystems Holdings, Inc (Class A)   2,198,402 
 17,452     SPX Corp   1,458,464 
 6,122     Standex International Corp   429,091 
 65,525     Stanley Works   6,136,416 
 7,275  *  Sterling Construction Co, Inc   25,244 
 5,645  *  Stock Building Supply Holdings, Inc   87,949 
 8,915     Sun Hydraulics Corp   323,080 
 18,180  e  TAL International Group, Inc   739,017 
113

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 21,254  *,e  Taser International, Inc  $574,071 
 15,081  *  Teledyne Technologies, Inc   1,433,298 
 8,345     Tennant Co   544,177 
 44,989     Terex Corp   1,011,353 
 8,149  e  Textainer Group Holdings Ltd   267,369 
 110,798     Textron, Inc   4,715,563 
 5,099  *,e  The ExOne Company   73,171 
 12,827  *  Thermon Group Holdings   262,312 
 32,498     Timken Co   1,235,249 
 18,588  e  Titan International, Inc   166,177 
 6,762  *,e  Titan Machinery, Inc   95,547 
 23,635     Toro Co   1,534,148 
 22,282     TransDigm Group, Inc   4,579,619 
 15,234  *  Trex Co, Inc   647,902 
 18,016  *  Trimas Corp   486,252 
 70,205     Trinity Industries, Inc   1,858,326 
 24,190     Triumph Group, Inc   1,380,281 
 3,684     Twin Disc, Inc   59,312 
 41,131  *  United Rentals, Inc   3,407,703 
 376,893     United Technologies Corp   43,259,779 
 7,981     Universal Forest Products, Inc   399,529 
 37,173  *  USG Corp   1,131,918 
 11,154  e  Valmont Industries, Inc   1,339,818 
 4,334  *  Vectrus, Inc   120,659 
 3,293  *  Veritiv Corp   167,515 
 6,360  *  Vicor Corp   68,497 
 23,849     W.W. Grainger, Inc   5,624,548 
 30,017  *  Wabash National Corp   374,312 
 22,514  *  WABCO Holdings, Inc   2,142,657 
 10,538     Watsco, Inc   1,147,167 
 11,307     Watts Water Technologies, Inc (Class A)   662,929 
 17,226  *,e  WESCO International, Inc   1,150,008 
 38,418     Westinghouse Air Brake Technologies Corp   3,205,982 
 26,362     Woodward Governor Co   1,176,009 
 4,252  *  Xerium Technologies, Inc   65,438 
 73,203     Xylem, Inc   2,496,222 
       TOTAL CAPITAL GOODS   696,676,581 
             
COMMERCIAL & PROFESSIONAL SERVICES - 1.1%     
 22,665     ABM Industries, Inc   654,339 
 20,178  e  Acacia Research (Acacia Technologies)   252,629 
 45,827  *  ACCO Brands Corp   362,950 
 8,969     Administaff, Inc   376,160 
 75,719  e  ADT Corp   2,604,734 
 14,523  *  Advisory Board Co   680,838 
 8,552  e  American Ecology Corp   354,566 
 17,200  *  ARC Document Solutions, Inc   157,724 
 2,966     Barrett Business Services, Inc   90,908 
 19,063     Brady Corp (Class A)   498,879 
 22,332     Brink’s Co   500,460 
 14,744  *  Casella Waste Systems, Inc (Class A)   56,175 
 14,475  *  CBIZ, Inc   119,853 
114

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 5,378     CDI Corp  $91,372 
 9,740  e  Ceco Environmental Corp   133,633 
 33,571  *,e  Cenveo, Inc   66,135 
 42,961     Cintas Corp   3,381,031 
 40,609     Civeo Corp   118,984 
 24,625  *,e  Clean Harbors, Inc   1,165,255 
 45,002  *  Copart, Inc   1,647,073 
 13,462     Corporate Executive Board Co   922,416 
 52,257     Corrections Corp of America   2,054,745 
 44,777     Covanta Holding Corp   915,242 
 4,164  *  CRA International, Inc   122,963 
 19,870     Deluxe Corp   1,290,159 
 15,217     Dun & Bradstreet Corp   1,751,629 
 10,065     Ennis, Inc   134,267 
 49,652     Equifax, Inc   4,193,608 
 5,153     Exponent, Inc   412,961 
 4,553  *  Franklin Covey Co   82,273 
 16,226  *  FTI Consulting, Inc   659,911 
 7,814     G & K Services, Inc (Class A)   547,761 
 5,783  *  GP Strategies Corp   193,036 
 28,782     Healthcare Services Group   906,921 
 7,483     Heidrick & Struggles International, Inc   165,823 
 3,404  *  Heritage-Crystal Clean, Inc   43,401 
 23,513     Herman Miller, Inc   683,053 
 17,907     HNI Corp   881,920 
 9,425  *  Huron Consulting Group, Inc   708,948 
 7,835  *  ICF International, Inc   292,716 
 50,177  *  ICO Global Communications Holdings Ltd   65,230 
 27,576  *  IHS, Inc (Class A)   3,174,825 
 14,361  *  Innerworkings, Inc   73,672 
 25,594     Interface, Inc   402,082 
 55,363     KAR Auction Services, Inc   1,888,432 
 10,763     Kelly Services, Inc (Class A)   181,895 
 10,767     Kforce, Inc   251,948 
 13,713     Kimball International, Inc (Class B)   118,892 
 18,644     Knoll, Inc   382,016 
 19,933  *  Korn/Ferry International   568,090 
 32,432     Manpower, Inc   2,363,644 
 11,535     Matthews International Corp (Class A)   534,417 
 10,372     McGrath RentCorp   315,101 
 6,545  *  Mistras Group, Inc   131,554 
 18,581     Mobile Mini, Inc   674,490 
 11,856     MSA Safety, Inc   517,633 
 5,048     Multi-Color Corp   293,895 
 19,412  *  Navigant Consulting, Inc   280,115 
 118,818     Nielsen Holdings NV   5,175,712 
 3,010     NL Industries, Inc   21,100 
 22,397  *  On Assignment, Inc   786,807 
 3,209  *,e  Paylocity Holding Corp   75,604 
 11,609  *  Performant Financial Corp   57,581 
 89,773     Pitney Bowes, Inc   2,152,756 
 9,506     Quad   190,500 
115

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 4,529  *,e  Quest Resource Holding Corp  $5,661 
 81,273     R.R. Donnelley & Sons Co   1,338,566 
 105,577     Republic Services, Inc   4,189,295 
 15,702     Resources Connection, Inc   262,223 
 58,784     Robert Half International, Inc   3,412,999 
 31,395     Rollins, Inc   1,037,605 
 20,697  *  RPX Corp   255,608 
 5,881  *  SP Plus Corp   131,264 
 32,910     Steelcase, Inc (Class A)   555,521 
 34,309  *  Stericycle, Inc   4,504,429 
 7,886  *  Team, Inc   300,772 
 25,530     Tetra Tech, Inc   587,956 
 25,789     Towers Watson & Co   3,055,996 
 12,156  *  TriNet Group, Inc   403,214 
 16,456  *  TrueBlue, Inc   363,019 
 173,860     Tyco International plc   7,095,227 
 5,936     Unifirst Corp   689,348 
 15,568     United Stationers, Inc   627,546 
 70,371  *  Verisk Analytics, Inc   4,528,374 
 8,044     Viad Corp   217,027 
 1,597     VSE Corp   115,575 
 14,377  *  WageWorks, Inc   791,310 
 49,376     Waste Connections, Inc   2,134,031 
 189,450     Waste Management, Inc   9,743,413 
 21,258     West Corp   695,137 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   97,996,558 
             
CONSUMER DURABLES & APPAREL - 1.6%     
 5,230     Arctic Cat, Inc   175,833 
 14,583  *  Beazer Homes USA, Inc   230,411 
 9,316  *  Black Diamond, Inc   59,250 
 37,422     Brunswick Corp   2,031,266 
 33,944     Callaway Golf Co   276,983 
 22,250     Carter’s, Inc   1,813,153 
 3,477  *  Cavco Industries, Inc   255,594 
 115,804     Coach, Inc   4,306,751 
 11,356     Columbia Sportswear Co   482,630 
 38,595  *  CROCS, Inc   409,107 
 3,648     CSS Industries, Inc   99,226 
 3,421     Culp, Inc   68,728 
 14,574  *  Deckers Outdoor Corp   962,613 
 8,740  *,e  Dixie Group, Inc   70,619 
 128,856     DR Horton, Inc   3,159,549 
 2,210     Escalade, Inc   33,680 
 10,103     Ethan Allen Interiors, Inc   275,004 
 1,619     Flexsteel Industries, Inc   48,246 
 18,580  *  Fossil Group, Inc   1,817,124 
 50,012  *,e  Garmin Ltd   2,618,628 
 8,051  *  G-III Apparel Group Ltd   782,557 
 7,757  *,e  GoPro, Inc   385,911 
 40,174     Hanesbrands, Inc   4,474,580 
 27,087     Harman International Industries, Inc   3,511,288 
116

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 47,153  e  Hasbro, Inc  $2,589,643 
 12,227  *  Helen of Troy Ltd   919,715 
 59,283  *,e  Hovnanian Enterprises, Inc (Class A)   203,934 
 20,068  *  Iconix Brand Group, Inc   667,060 
 3,619  *  Installed Building Products Inc   64,599 
 12,744  *,e  iRobot Corp   402,073 
 6,899  *,e  Jakks Pacific, Inc   41,532 
 75,798  *  Jarden Corp   3,639,820 
 1,650     Johnson Outdoors, Inc   49,500 
 51,100  *  Kate Spade & Co   1,611,183 
 35,932  e  KB Home   447,713 
 22,054     La-Z-Boy, Inc   588,621 
 26,386  *,e  Leapfrog Enterprises, Inc   62,799 
 56,812     Leggett & Platt, Inc   2,421,896 
 69,260     Lennar Corp (Class A)   3,110,467 
 5,530  *,e  LGI Homes, Inc   72,830 
 11,112     Libbey, Inc   363,474 
 3,046     Lifetime Brands, Inc   48,066 
 9,586  *  M/I Homes, Inc   197,855 
 4,990  *  Malibu Boats Inc   108,882 
 3,595     Marine Products Corp   25,992 
 134,892     Mattel, Inc   3,628,595 
 16,143  e  MDC Holdings, Inc   403,575 
 15,476  *  Meritage Homes Corp   563,481 
 82,331  *  Michael Kors Holdings Ltd   5,828,211 
 24,335  *  Mohawk Industries, Inc   4,016,248 
 6,272     Movado Group, Inc   150,716 
 1,709     Nacco Industries, Inc (Class A)   94,080 
 12,058  *  Nautilus, Inc   171,706 
 3,416  *  New Home Co Inc   48,131 
 110,079     Newell Rubbermaid, Inc   4,058,613 
 286,334     Nike, Inc (Class B)   26,414,312 
 1,763  *  NVR, Inc   2,211,207 
 5,764     Oxford Industries, Inc   322,438 
 5,118  *  Perry Ellis International, Inc   122,371 
 32,767     Phillips-Van Heusen Corp   3,612,889 
 25,878     Polaris Industries, Inc   3,741,700 
 17,908     Pool Corp   1,114,057 
 151,015     Pulte Homes, Inc   3,109,399 
 67,804  *,e  Quiksilver, Inc   126,793 
 24,534     Ralph Lauren Corp   4,094,479 
 18,616     Ryland Group, Inc   747,432 
 10,117  *,e  Sequential Brands Group, Inc   104,711 
 16,565  *  Skechers U.S.A., Inc (Class A)   999,698 
 10,162  *  Skullcandy, Inc   101,823 
 22,075  *,e  Smith & Wesson Holding Corp   271,523 
 66,176  *  Standard-Pacific Corp   464,556 
 23,069  *  Steven Madden Ltd   792,189 
 7,676  e  Sturm Ruger & Co, Inc   310,110 
 15,358  *  Taylor Morrison Home Corp   272,912 
 24,666  *  Tempur-Pedic International, Inc   1,357,370 
 70,742  *  Toll Brothers, Inc   2,449,088 
117

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 58,627  *  TRI Pointe Homes, Inc  $840,125 
 20,015  *  Tumi Holdings, Inc   453,740 
 23,265     Tupperware Corp   1,572,947 
 2,656  *,e  Turtle Beach Corp   5,896 
 4,000  *  UCP, Inc (Class A)   36,000 
 69,845  *  Under Armour, Inc (Class A)   5,034,428 
 5,888  *  Unifi, Inc   189,770 
 6,130  *  Universal Electronics, Inc   390,726 
 8,387  *,e  Vera Bradley, Inc   159,940 
 139,980     VF Corp   9,710,413 
 4,400  *  Vince Holding Corp   103,180 
 4,466  *  WCI Communities, Inc   86,238 
 2,514     Weyco Group, Inc   67,928 
 31,482     Whirlpool Corp   6,267,437 
 9,873  *  William Lyon Homes, Inc   188,377 
 40,429     Wolverine World Wide, Inc   1,138,076 
       TOTAL CONSUMER DURABLES & APPAREL   143,936,019 
             
CONSUMER SERVICES - 2.1%     
 4,093  *,e  2U, Inc   72,814 
 6,940  *  American Public Education, Inc   232,976 
 39,587  *  Apollo Group, Inc (Class A)   999,968 
 16,000     ARAMARK Holdings Corp   501,120 
 5,410  *  Ascent Media Corp (Series A)   228,897 
 43,455  *  Belmond Ltd.   477,570 
 9,164  *  BJ’s Restaurants, Inc   405,874 
 29,563  *  Bloomin’ Brands, Inc   730,650 
 9,783     Bob Evans Farms, Inc   551,468 
 32,562  *  Boyd Gaming Corp   425,260 
 7,860  *  Bravo Brio Restaurant Group, Inc   103,359 
 6,509  *  Bridgepoint Education, Inc   64,244 
 12,149  *  Bright Horizons Family Solutions   589,834 
 26,732     Brinker International, Inc   1,561,951 
 7,819  *  Buffalo Wild Wings, Inc   1,394,284 
 17,857  *  Caesars Acquisition Co   139,820 
 20,783  *,e  Caesars Entertainment Corp   226,327 
 4,576     Capella Education Co   311,122 
 25,023  *  Career Education Corp   139,628 
 168,789     Carnival Corp   7,419,964 
 6,526     Carriage Services, Inc   142,267 
 12,543  *  Carrols Restaurant Group, Inc   99,842 
 8,338     CBRL Group, Inc   1,121,544 
 19,861     Cheesecake Factory   1,042,901 
 28,796  *,e  Chegg, Inc   190,917 
 12,934  *  Chipotle Mexican Grill, Inc (Class A)   9,181,071 
 13,880     Choice Hotels International, Inc   797,406 
 5,359     Churchill Downs, Inc   509,051 
 6,557  *  Chuy’s Holdings, Inc   140,123 
 8,860     ClubCorp Holdings, Inc   150,709 
 2,954     Collectors Universe   69,419 
 55,073     Darden Restaurants, Inc   3,380,381 
 8,591  *  Del Frisco’s Restaurant Group, Inc   170,360 
118

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 34,973  *  Denny’s Corp  $380,506 
 25,963     DeVry, Inc   1,101,091 
 14,105  *  Diamond Resorts International, Inc   400,300 
 6,308     DineEquity, Inc   673,379 
 23,246     Domino’s Pizza, Inc   2,302,516 
 40,819     Dunkin Brands Group, Inc   1,931,147 
 3,287  *,e  El Pollo Loco Holdings, Inc   84,574 
 6,588  *,e  Empire Resorts, Inc   38,869 
 1,724  *,e  Famous Dave’s of America, Inc   52,185 
 10,752  *  Fiesta Restaurant Group, Inc   635,121 
 1,608     Graham Holdings Co   1,503,995 
 18,644  *  Grand Canyon Education, Inc   816,980 
 117,002     H&R Block, Inc   4,010,829 
 57,282  *  Hilton Worldwide Holdings, Inc   1,487,614 
 52,514  *  Houghton Mifflin Harcourt Co   1,033,475 
 16,733  *  Hyatt Hotels Corp   941,399 
 2,975  *  Ignite Restaurant Group, Inc   20,349 
 102,359     International Game Technology   1,731,914 
 11,010     International Speedway Corp (Class A)   320,281 
 14,936     Interval Leisure Group, Inc   344,723 
 19,144  *  Intrawest Resorts Holdings Inc   193,354 
 9,057  *  Isle of Capri Casinos, Inc   92,744 
 15,909     Jack in the Box, Inc   1,348,924 
 6,376  *,e  Jamba, Inc   104,758 
 13,687  *  K12, Inc   194,629 
 25,885  *  Krispy Kreme Doughnuts, Inc   503,981 
 17,755  *  La Quinta Holdings, Inc   360,959 
 150,875     Las Vegas Sands Corp   8,203,074 
 1,654  *  Liberty Tax, Inc   59,544 
 16,324  *  Life Time Fitness, Inc   892,433 
 45,105  *  LifeLock, Inc   669,809 
 8,153     Marcus Corp   153,766 
 91,270     Marriott International, Inc (Class A)   6,799,615 
 11,656     Marriott Vacations Worldwide Corp   891,684 
 405,242     McDonald’s Corp   37,460,570 
 150,508  *  MGM Mirage   2,931,896 
 4,064  *  Monarch Casino & Resort, Inc   70,307 
 11,090  *  Morgans Hotel Group Co   79,515 
 1,269  *  Nathan’s Famous, Inc   102,078 
 4,250  *,e  Noodles & Co   109,225 
 40,731  *  Norwegian Cruise Line Holdings Ltd   1,782,389 
 10,958  *  Panera Bread Co (Class A)   1,883,242 
 12,134     Papa John’s International, Inc   770,024 
 1,899  *,e  Papa Murphy’s Holdings, Inc   25,238 
 31,601  *  Penn National Gaming, Inc   473,067 
 27,833  *,e  Pinnacle Entertainment, Inc   588,668 
 9,018  *  Popeyes Louisiana Kitchen, Inc   517,814 
 6,084  *,e  Potbelly Corp   85,358 
 5,643  *  Red Robin Gourmet Burgers, Inc   437,332 
 17,984  *  Regis Corp   283,248 
 91,747  *  Restaurant Brands International, Inc   3,548,774 
 66,611     Royal Caribbean Cruises Ltd   5,032,461 
119

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 23,208  *  Ruby Tuesday, Inc  $139,712 
 14,638     Ruth’s Chris Steak House, Inc   212,544 
 21,870  *,e  Scientific Games Corp (Class A)   258,285 
 30,915     SeaWorld Entertainment, Inc   541,322 
 84,904     Service Corp International   1,921,378 
 17,006  *  ServiceMaster Global Holdings, Inc   480,590 
 29,843     Six Flags Entertainment Corp   1,282,055 
 21,460     Sonic Corp   649,594 
 24,308     Sotheby’s (Class A)   1,034,305 
 3,564     Speedway Motorsports, Inc   79,442 
 305,555     Starbucks Corp   26,745,229 
 74,332     Starwood Hotels & Resorts Worldwide, Inc   5,349,674 
 648  *  Steak N Shake Co   268,253 
 5,765  *  Steiner Leisure Ltd   251,469 
 4,283  *,e  Strayer Education, Inc   286,961 
 28,365     Texas Roadhouse, Inc (Class A)   952,780 
 10,044     Universal Technical Institute, Inc   82,059 
 14,713     Vail Resorts, Inc   1,291,213 
 14,058  *,e  Weight Watchers International, Inc   232,800 
 109,382     Wendy’s   1,152,886 
 51,316     Wyndham Worldwide Corp   4,299,768 
 32,259     Wynn Resorts Ltd   4,772,719 
 175,573     Yum! Brands, Inc   12,690,416 
 2,397  *,e  Zoe’s Kitchen, Inc   74,163 
       TOTAL CONSUMER SERVICES   195,084,465 
             
DIVERSIFIED FINANCIALS - 3.6%     
 23,447  *  Affiliated Managers Group, Inc   4,818,827 
 107,509  *  Ally Financial, Inc   2,011,493 
 373,628     American Express Co   30,148,043 
 77,350     Ameriprise Financial, Inc   9,664,109 
 14,168     Artisan Partners Asset Management, Inc   683,889 
 312  *  Ashford, Inc   45,240 
 450,876     Bank of New York Mellon Corp   16,231,536 
 69,107     BGC Partners, Inc (Class A)   541,108 
 52,724     BlackRock, Inc   17,953,049 
 6,593     Calamos Asset Management, Inc (Class A)   82,742 
 226,146     Capital One Financial Corp   16,556,149 
 11,259     Cash America International, Inc   234,187 
 37,156     CBOE Holdings, Inc   2,395,447 
 459,451     Charles Schwab Corp   11,936,537 
 1,901  e  CIFC Corp   16,482 
 130,770     CME Group, Inc   11,154,681 
 10,482  e  Cohen & Steers, Inc   441,083 
 7,999  *  Consumer Portfolio Services, Inc   44,794 
 46,375  *  Cowen Group, Inc   192,920 
 2,836  *  Credit Acceptance Corp   447,067 
 1,157     Diamond Hill Investment Group, Inc   150,479 
 189,975     Discover Financial Services   10,330,840 
 114,917  *  E*Trade Financial Corp   2,648,837 
 49,178     Eaton Vance Corp   1,979,415 
 10,156  *,e  Encore Capital Group, Inc   378,006 
120

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 10,301  *  Enova International, Inc  $198,294 
 13,692     Evercore Partners, Inc (Class A)   655,436 
 20,397  *,e  Ezcorp, Inc (Class A)   210,293 
 3,862  *  FBR & Co   86,586 
 38,360  e  Federated Investors, Inc (Class B)   1,212,560 
 20,516  e  Financial Engines, Inc   736,524 
 11,533  *  First Cash Financial Services, Inc   573,421 
 36,692  *  FNFV Group   454,981 
 163,414     Franklin Resources, Inc   8,420,723 
 9,623     Gain Capital Holdings, Inc   78,427 
 2,529     GAMCO Investors, Inc (Class A)   206,493 
 29,194     GFI Group, Inc   163,778 
 184,120     Goldman Sachs Group, Inc   31,744,129 
 12,168  *  Green Dot Corp   185,562 
 16,183     Greenhill & Co, Inc   596,829 
 13,088     HFF, Inc (Class A)   444,599 
 21,905     Interactive Brokers Group, Inc (Class A)   670,950 
 47,680     IntercontinentalExchange Group, Inc   9,809,206 
 6,188  *  INTL FCStone, Inc   119,305 
 176,958     Invesco Ltd   6,499,667 
 14,488  *  Investment Technology Group, Inc   300,626 
 12,000  e  iShares Russell 2000 Index Fund   1,388,400 
 64,063  e  Janus Capital Group, Inc   1,123,665 
 4,735  *  JG Wentworth Co   45,125 
 26,962  *  KCG Holdings, Inc   329,745 
 38,510  *,e  Ladenburg Thalmann Financial Services, Inc   146,723 
 48,866     Lazard Ltd (Class A)   2,238,063 
 45,704     Legg Mason, Inc   2,533,830 
 146,519     Leucadia National Corp   3,321,586 
 35,525     LPL Financial Holdings, Inc   1,461,854 
 5,874     Manning & Napier, Inc   62,911 
 16,291     MarketAxess Holdings, Inc   1,237,627 
 3,292     Marlin Business Services Corp   52,837 
 113,045     McGraw-Hill Financial, Inc   10,110,745 
 2,967     Moelis & Co   91,977 
 75,216     Moody’s Corp   6,869,477 
 624,713     Morgan Stanley   21,121,547 
 46,336     MSCI, Inc (Class A)   2,493,804 
 47,079     NASDAQ OMX Group, Inc   2,146,802 
 170,901     Navient Corp   3,373,586 
 8,392     Nelnet, Inc (Class A)   367,066 
 10,526  *  NewStar Financial, Inc   111,260 
 4,205     Nicholas Financial, Inc   59,837 
 99,236     Northern Trust Corp   6,488,050 
 75,253     NorthStar Asset Management Group, Inc   1,593,106 
 3,966     Oppenheimer Holdings, Inc   78,329 
 22,644  *  PHH Corp   564,741 
 9,210  *  Pico Holdings, Inc   147,268 
 6,514  *  Piper Jaffray Cos   332,540 
 19,859  *,e  PRA Group, Inc   983,418 
 4,748     Pzena Investment Management, Inc (Class A)   38,601 
 50,474     Raymond James Financial, Inc   2,655,942 
121

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 4,505  *  Regional Management Corp  $65,458 
 5,457     Resource America, Inc (Class A)   47,967 
 8,217  *  Safeguard Scientifics, Inc   150,618 
 34,890     Santander Consumer USA Holdings, Inc   622,787 
 54,196     SEI Investments Co   2,177,053 
 2,020     Silvercrest Asset Management Group, Inc   28,482 
 190,583     SLM Corp   1,736,211 
 5,300  e  SPDR S&P MidCap 400 ETF Trust   1,383,671 
 24,601  e  SPDR Trust Series 1   4,907,161 
 9,622  *,e  Springleaf Holdings, Inc   304,055 
 176,125     State Street Corp   12,594,699 
 26,675  *  Stifel Financial Corp   1,257,726 
 48,344  *  Synchrony Financial   1,491,896 
 109,883     T Rowe Price Group, Inc   8,649,990 
 111,189     TD Ameritrade Holding Corp   3,601,412 
 2,871     Virtus Investment Partners, Inc   389,394 
 55,547     Voya Financial, Inc   2,166,888 
 38,941     Waddell & Reed Financial, Inc (Class A)   1,741,052 
 16,330  *,e  Walter Investment Management Corp   246,093 
 2,714     Westwood Holdings Group, Inc   160,099 
 43,364     WisdomTree Investments, Inc   755,401 
 3,115  *,e  World Acceptance Corp   228,797 
       TOTAL DIVERSIFIED FINANCIALS   322,732,721 
             
ENERGY - 7.3%     
 47,732  *,e  Abraxas Petroleum Corp   141,287 
 1,000     Adams Resources & Energy, Inc   58,040 
 11,811     Alon USA Energy, Inc   142,677 
 11,848  *,e  Amyris Biotechnologies, Inc   20,379 
 205,985     Anadarko Petroleum Corp   16,839,274 
 21,224  *,e  Antero Resources Corp   735,412 
 157,308     Apache Corp   9,842,762 
 16,182  *,e  Approach Resources, Inc   101,461 
 10,604  e  Ardmore Shipping Corp   120,037 
 4,154  *,e  Aspen Aerogels, Inc   31,820 
 26,954     Atwood Oceanics, Inc   770,345 
 177,816     Baker Hughes, Inc   10,311,550 
 13,169  *,e  Basic Energy Services, Inc   77,434 
 22,543  *,e  Bill Barrett Corp   229,939 
 14,329  *  Bonanza Creek Energy, Inc   373,700 
 15,099     Bristow Group, Inc   841,165 
 19,222  *  C&J Energy Services, Inc   197,987 
 171,639     Cabot Oil & Gas Corp   4,548,433 
 129,457  *  California Resources Corp   662,820 
 28,847  *  Callon Petroleum Co   157,216 
 81,190  *  Cameron International Corp   3,635,688 
 8,536  e  CARBO Ceramics, Inc   279,810 
 18,948  *  Carrizo Oil & Gas, Inc   854,555 
 98,263  *  Cheniere Energy, Inc   7,014,013 
 216,955     Chesapeake Energy Corp   4,161,197 
 776,859     Chevron Corp   79,651,353 
 35,027     Cimarex Energy Co   3,614,786 
122

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 2,445  *  Clayton Williams Energy, Inc  $136,676 
 67,480  *,e  Clean Energy Fuels Corp   281,392 
 26,393  *  Cloud Peak Energy, Inc   179,208 
 144,484  *  Cobalt International Energy, Inc   1,317,694 
 29,971  e  Comstock Resources, Inc   121,083 
 46,133  *  Concho Resources, Inc   5,113,843 
 500,766     ConocoPhillips   31,538,243 
 92,628     Consol Energy, Inc   2,681,581 
 7,333  *  Contango Oil & Gas Co   220,503 
 35,368  *,e  Continental Resources, Inc   1,605,707 
 6,749  e  CVR Energy, Inc   258,622 
 3,403     Dawson Geophysical Co   36,718 
 23,765     Delek US Holdings, Inc   733,150 
 146,050  e  Denbury Resources, Inc   1,007,745 
 167,133  *  Devon Energy Corp   10,073,106 
 37,030     DHT Holdings, Inc   272,170 
 27,669  e  Diamond Offshore Drilling, Inc   872,404 
 17,393  *  Diamondback Energy, Inc   1,199,943 
 6,830  *  Dorian LPG Ltd   76,974 
 31,828  *  Dresser-Rand Group, Inc   2,548,786 
 16,208  *  Dril-Quip, Inc   1,203,120 
 13,964  *,e  Eclipse Resources Corp   86,577 
 23,543  *,e  Emerald Oil, Inc   19,376 
 28,992     Energen Corp   1,838,673 
 223,709     EOG Resources, Inc   19,916,812 
 13,740  *,e  EP Energy Corp   142,209 
 62,120     EQT Corp   4,624,213 
 14,154  *  Era Group, Inc   318,748 
 8,771     Evolution Petroleum Corp   64,467 
 62,750  e  EXCO Resources, Inc   124,873 
 23,373     Exterran Holdings, Inc   633,642 
 1,758,228  d  Exxon Mobil Corp   153,704,292 
 93,528  *  FMC Technologies, Inc   3,505,429 
 14,323  *,e  FMSA Holdings, Inc   74,336 
 23,476  *  Forum Energy Technologies, Inc   362,704 
 15,791  e  Frank’s International NV   258,499 
 53,230  *,e  Frontline Ltd   122,961 
 30,697  *,e  FX Energy, Inc   42,362 
 18,454  e  GasLog Ltd   322,760 
 29,583  *,e  Gastar Exploration, Inc   69,224 
 5,250  *  Geospace Technologies Corp   125,895 
 4,676  *,e  Glori Energy, Inc   15,057 
 20,790  e  Golar LNG Ltd   589,604 
 15,395     Green Plains Renewable Energy, Inc   360,397 
 12,581  e  Gulfmark Offshore, Inc   248,223 
 35,362  *  Gulfport Energy Corp   1,361,083 
 114,674  *,e  Halcon Resources Corp   160,544 
 4,519     Hallador Petroleum Co   51,245 
 345,694     Halliburton Co   13,824,303 
 17,510  *,e  Harvest Natural Resources, Inc   10,984 
 44,702  *  Helix Energy Solutions Group, Inc   839,057 
 38,989     Helmerich & Payne, Inc   2,322,185 
123

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 87,187  *,e  Hercules Offshore, Inc  $62,775 
 113,341     Hess Corp   7,649,384 
 80,187     Holly Corp   2,880,317 
 16,139  *  Hornbeck Offshore Services, Inc   358,286 
 9,110  *,e  Independence Contract Drilling, Inc   44,001 
 52,583  *  ION Geophysical Corp   118,312 
 341  *,e  Isramco, Inc   45,425 
 4,648  *,e  Jones Energy, Inc (Class A)   47,410 
 64,602  *  Key Energy Services, Inc   108,531 
 555,696     Kinder Morgan, Inc   22,811,321 
 51,253  *  Kosmos Energy LLC   449,489 
 32,656  *,e  Laredo Petroleum Holdings, Inc   320,355 
 83,738  *,e  Magnum Hunter Resources Corp   162,452 
 275,741     Marathon Oil Corp   7,334,711 
 102,083     Marathon Petroleum Corp   9,451,865 
 31,972  *  Matador Resources Co   689,316 
 10,361  *  Matrix Service Co   198,931 
 104,046  *,e  McDermott International, Inc   234,104 
 21,271  *  Memorial Resource Development Corp   407,340 
 22,919  *,e  Midstates Petroleum Co, Inc   29,566 
 12,913  *,e  Miller Petroleum, Inc   15,108 
 5,541  *  Mitcham Industries, Inc   31,085 
 72,737     Murphy Oil Corp   3,266,619 
 125,143     Nabors Industries Ltd   1,440,396 
 175,645     National Oilwell Varco, Inc   9,560,357 
 5,354  *  Natural Gas Services Group, Inc   108,097 
 39,611     Navios Maritime Acq Corp   131,905 
 55,998  *  Newfield Exploration Co   1,667,620 
 39,786  *  Newpark Resources, Inc   343,751 
 147,661     Noble Energy, Inc   7,049,336 
 9,719  e  Nordic American Offshore Ltd   109,339 
 35,382  e  Nordic American Tanker Shipping   358,066 
 41,720  e  North Atlantic Drilling Ltd   59,660 
 27,104  *,e  Northern Oil And Gas, Inc   170,213 
 41,676  *  Oasis Petroleum, Inc   560,125 
 318,637     Occidental Petroleum Corp   25,490,960 
 43,005     Oceaneering International, Inc   2,251,742 
 19,212  *  Oil States International, Inc   789,037 
 82,723     Oneok, Inc   3,642,294 
 9,650  *,e  Pacific Ethanol, Inc   82,894 
 5,712     Panhandle Oil and Gas, Inc (Class A)   119,609 
 56,086  *  Parker Drilling Co   151,993 
 23,692  *  Parsley Energy, Inc   397,315 
 61,210     Patterson-UTI Energy, Inc   1,050,364 
 28,291     PBF Energy, Inc   794,977 
 15,614  *  PDC Energy, Inc   717,307 
 110,042  e  Peabody Energy Corp   685,562 
 26,939  *,e  Penn Virginia Corp   131,462 
 24,643  *  Petroquest Energy, Inc   72,204 
 5,035  *  PHI, Inc   172,247 
 230,814     Phillips 66   16,230,840 
 30,293  *  Pioneer Energy Services Corp   125,413 
124

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 58,344     Pioneer Natural Resources Co  $8,782,522 
 15,342  *,e  Profire Energy, Inc   34,980 
 73,724     Questar Market Resources, Inc   1,490,699 
 67,082     Range Resources Corp   3,103,884 
 17,755  *  Renewable Energy Group, Inc   155,179 
 32,052  *,e  Resolute Energy Corp   23,398 
 22,629  *,e  Rex Energy Corp   80,107 
 2,462  *  Rex Stores Corp   136,666 
 22,531  *  Rice Energy, Inc   384,829 
 6,371  *  RigNet, Inc   218,016 
 11,927  *,e  Ring Energy, Inc   108,774 
 25,316  *  Rosetta Resources, Inc   432,144 
 59,260     Rowan Cos plc   1,251,571 
 26,301     RPC, Inc   327,973 
 10,558  *,e  RSP Permian, Inc   282,954 
 21,960  *,e  Sanchez Energy Corp   244,634 
 205,210  *,e  SandRidge Energy, Inc   289,346 
 532,430     Schlumberger Ltd   43,866,908 
 75,986     Scorpio Tankers, Inc   598,010 
 7,758  *  SEACOR Holdings, Inc   558,188 
 155,536  e  Seadrill Ltd   1,670,457 
 19,973     SemGroup Corp   1,344,782 
 18,211  *  Seventy Seven Energy, Inc   71,933 
 29,283  e  Ship Finance International Ltd   406,741 
 142,479  *  Southwestern Energy Co   3,532,054 
 266,893     Spectra Energy Corp   8,924,902 
 28,476     St. Mary Land & Exploration Co   1,076,962 
 24,572  *  Stone Energy Corp   345,974 
 63,455     Superior Energy Services   1,269,100 
 21,626  *,e  Swift Energy Co   46,063 
 29,018  *  Synergy Resources Corp   354,890 
 15,356  e  Targa Resources Investments, Inc   1,333,361 
 18,644     Teekay Corp   789,201 
 24,539     Teekay Tankers Ltd (Class A)   126,130 
 16,145     Tesco Corp   165,325 
 52,752     Tesoro Corp   4,311,421 
 35,635  *  Tetra Technologies, Inc   176,037 
 21,367  e  Tidewater, Inc   625,198 
 9,385  *,e  TransAtlantic Petroleum Ltd   39,980 
 36,373  *,e  Triangle Petroleum Corp   190,958 
 63,880  *,e  Ultra Petroleum Corp   814,470 
 20,367  *  Unit Corp   606,529 
 21,969  e  US Silica Holdings Inc   553,619 
 21,644  *  Vaalco Energy, Inc   119,908 
 217,521     Valero Energy Corp   11,502,510 
 82,233  *,e  Vantage Drilling Co   32,071 
 11,267  *,e  Vertex Energy, Inc   39,209 
 18,970  e  W&T Offshore, Inc   95,988 
 32,776  *  Warren Resources, Inc   34,415 
 21,682     Western Refining, Inc   805,053 
 6,126  *  Westmoreland Coal Co   159,766 
 68,019  *  Whiting Petroleum Corp   2,041,930 
125

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 16,810  *  Willbros Group, Inc  $93,800 
 301,037     Williams Cos, Inc   13,203,483 
 29,739     World Fuel Services Corp   1,456,319 
 86,488  *  WPX Energy, Inc   921,962 
       TOTAL ENERGY   665,869,613 
             
FOOD & STAPLES RETAILING - 2.2%     
 11,257     Andersons, Inc   506,340 
 16,330     Casey’s General Stores, Inc   1,490,929 
 6,997  *  Chefs’ Warehouse Holdings, Inc   149,666 
 178,141     Costco Wholesale Corp   25,472,382 
 477,922     CVS Corp   46,912,823 
 4,850  *  Diplomat Pharmacy, Inc   119,164 
 12,595  *,e  Fairway Group Holdings Corp   57,433 
 18,168  *,e  Fresh Market, Inc   692,382 
 5,387     Ingles Markets, Inc (Class A)   229,756 
 207,830     Kroger Co   14,350,661 
 12,815  e  Liberator Medical Holdings, Inc   41,008 
 3,665  *  Natural Grocers by Vitamin C   112,882 
 9,969  *  Pantry, Inc   367,856 
 8,315  e  Pricesmart, Inc   680,001 
 406,225  *  Rite Aid Corp   2,835,451 
 22,524  *,e  Roundy’s, Inc   81,086 
 5,486  *  Smart & Final Stores, Inc   82,290 
 14,851     Spartan Stores, Inc   382,562 
 40,012  *  Sprouts Farmers Market, Inc   1,456,837 
 79,233  *  Supervalu, Inc   771,729 
 238,859     Sysco Corp   9,356,107 
 19,794  *  United Natural Foods, Inc   1,529,680 
 2,431     Village Super Market (Class A)   70,426 
 387,530     Walgreens Boots Alliance, Inc   28,580,338 
 654,369     Wal-Mart Stores, Inc   55,608,278 
 4,144     Weis Markets, Inc   189,920 
 149,926     Whole Foods Market, Inc   7,810,395 
       TOTAL FOOD & STAPLES RETAILING   199,938,382 
             
FOOD, BEVERAGE & TOBACCO - 4.6%     
 27,657  *,e  22nd Century Group, Inc   32,359 
 1,131     Alico, Inc   53,768 
 48,873  *  Alliance One International, Inc   51,317 
 812,255     Altria Group, Inc   43,130,740 
 265,444     Archer Daniels Midland Co   12,377,654 
 21,735     B&G Foods, Inc (Class A)   648,572 
 3,908  *,e  Boston Beer Co, Inc (Class A)   1,229,144 
 23,969  *  Boulder Brands, Inc   240,409 
 62,301     Brown-Forman Corp (Class B)   5,536,690 
 61,774     Bunge Ltd   5,530,626 
 6,284     Calavo Growers, Inc   252,051 
 12,806  e  Cal-Maine Foods, Inc   448,850 
 69,755     Campbell Soup Co   3,190,594 
 2,067     Coca-Cola Bottling Co Consolidated   201,615 
 1,619,405     Coca-Cola Co   66,670,904 
126

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 100,466     Coca-Cola Enterprises, Inc  $4,229,619 
 167,475     ConAgra Foods, Inc   5,933,639 
 64,056  *  Constellation Brands, Inc (Class A)   7,074,985 
 3,993  *  Craft Brewers Alliance, Inc   47,517 
 65,306  *  Darling International, Inc   1,108,896 
 36,347     Dean Foods Co   658,608 
 8,644  *  Diamond Foods, Inc   212,470 
 78,988     Dr Pepper Snapple Group, Inc   6,103,403 
 3,496  *  Farmer Bros Co   104,565 
 69,345     Flowers Foods, Inc   1,356,388 
 14,873  e  Fresh Del Monte Produce, Inc   500,179 
 246,887     General Mills, Inc   12,956,630 
 39,976  *  Hain Celestial Group, Inc   2,109,534 
 61,108     Hershey Co   6,245,849 
 54,507     Hormel Foods Corp   2,791,849 
 29,916     Ingredion, Inc   2,412,426 
 5,854  *  Inventure Foods, Inc   59,535 
 7,842     J&J Snack Foods Corp   769,457 
 42,184     J.M. Smucker Co   4,351,280 
 3,701     John B. Sanfilippo & Son, Inc   134,975 
 103,212     Kellogg Co   6,768,643 
 57,198     Keurig Green Mountain, Inc   7,010,187 
 240,129     Kraft Foods Group, Inc   15,690,029 
 9,370     Lancaster Colony Corp   842,644 
 20,510     Lance, Inc   596,636 
 1,889  e  Lifeway Foods, Inc   34,569 
 4,613     Limoneira Co   95,950 
 146,127     Lorillard, Inc   9,587,392 
 53,223     McCormick & Co, Inc   3,799,590 
 80,455     Mead Johnson Nutrition Co   7,924,013 
 53,128     Molson Coors Brewing Co (Class B)   4,034,009 
 687,609     Mondelez International, Inc   24,231,341 
 58,565  *  Monster Beverage Corp   6,849,177 
 4,631  *  National Beverage Corp   100,678 
 8,734  *  Omega Protein Corp   92,056 
 618,270     PepsiCo, Inc   57,981,361 
 646,208     Philip Morris International, Inc   51,851,730 
 25,819  e  Pilgrim’s Pride Corp   700,986 
 21,519     Pinnacle Foods, Inc   774,038 
 17,300  *,e  Post Holdings, Inc   817,425 
 123,605     Reynolds American, Inc   8,398,960 
 9,235  e  Sanderson Farms, Inc   738,431 
 149  *  Seaboard Corp   569,923 
 7,341  *,e  Synutra International, Inc   39,421 
 7,775  e  Tootsie Roll Industries, Inc   242,502 
 16,845  *  TreeHouse Foods, Inc   1,527,841 
 115,594     Tyson Foods, Inc (Class A)   4,512,790 
 9,195  e  Universal Corp   369,271 
 29,446  e  Vector Group Ltd   659,001 
 69,178  *  WhiteWave Foods Co (Class A)   2,280,799 
       TOTAL FOOD, BEVERAGE & TOBACCO   417,878,490 
127

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
HEALTH CARE EQUIPMENT & SERVICES - 5.1%    
 8,485  e  Abaxis, Inc  $521,658 
 618,959     Abbott Laboratories   27,704,605 
 15,929  *,e  Abiomed, Inc   824,166 
 17,132  *  Acadia Healthcare Co, Inc   989,373 
 30,619  *,e  Accuray, Inc   225,662 
 3,135  *  Addus HomeCare Corp   69,534 
 2,300  *,e  Adeptus Health, Inc   72,335 
 147,120     Aetna, Inc   13,508,558 
 15,861  *  Air Methods Corp   659,025 
 33,174  *  Align Technology, Inc   1,759,881 
 2,068  *  Alliance HealthCare Services, Inc   46,613 
 71,047  *  Allscripts Healthcare Solutions, Inc   846,170 
 3,624  *  Almost Family, Inc   110,025 
 11,133  *  Amedisys, Inc   313,728 
 94,366     AmerisourceBergen Corp   8,969,488 
 18,333  *  AMN Healthcare Services, Inc   345,027 
 17,061  *  Amsurg Corp   941,426 
 4,677     Analogic Corp   381,316 
 9,696  *  Angiodynamics, Inc   186,600 
 5,745  *  Anika Therapeutics, Inc   225,089 
 47,096  *,e  Antares Pharma, Inc   110,205 
 115,839     Anthem, Inc   15,633,631 
 15,451  *,e  athenahealth, Inc   2,158,659 
 11,078  *  AtriCure, Inc   219,788 
 618     Atrion Corp   207,030 
 31,066     Bard (C.R.), Inc   5,313,218 
 223,935     Baxter International, Inc   15,744,870 
 79,602     Becton Dickinson & Co   10,991,444 
 9,673  *,e  Bio-Reference Labs, Inc   324,336 
 27,103  *,e  BioScrip, Inc   155,842 
 10,352  *  BioTelemetry, Inc   102,278 
 526,006  *  Boston Scientific Corp   7,790,149 
 75,683  *  Brookdale Senior Living, Inc   2,554,301 
 13,669     Cantel Medical Corp   554,551 
 11,455  *  Capital Senior Living Corp   273,431 
 140,120     Cardinal Health, Inc   11,656,583 
 11,141  *  Cardiovascular Systems, Inc   379,797 
 82,548  *  CareFusion Corp   4,895,096 
 5,132  *,e  Castlight Health, Inc   45,572 
 81,937  *  Catamaran Corp   4,089,476 
 23,899  *  Centene Corp   2,608,815 
 124,711  *  Cerner Corp   8,274,575 
 29,608  *,e  Cerus Corp   158,107 
 7,021  e  Chemed Corp   710,104 
 108,926     Cigna Corp   11,636,565 
 50,995  *  Community Health Systems, Inc   2,400,335 
 4,462  e  Computer Programs & Systems, Inc   219,798 
 10,837     Conmed Corp   516,275 
 20,652     Cooper Cos, Inc   3,255,788 
 4,880  *  Corvel Corp   160,747 
 11,894  *  Cross Country Healthcare, Inc   121,676 
128

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 12,510     CryoLife, Inc  $140,863 
 10,693  *  Cyberonics, Inc   594,210 
 8,831  *  Cynosure, Inc (Class A)   266,873 
 70,760  *  DaVita, Inc   5,311,246 
 57,481     Dentsply International, Inc   2,875,487 
 8,395  *,e  Derma Sciences, Inc   72,197 
 29,725  *  DexCom, Inc   1,776,961 
 44,453  *  Edwards Lifesciences Corp   5,572,184 
 25,511  *,e  Endologix, Inc   355,368 
 8,148     Ensign Group, Inc   338,142 
 38,483  *  Envision Healthcare Holdings, Inc   1,323,046 
 3,811  *  Exactech, Inc   79,231 
 13,769  *  ExamWorks Group, Inc   508,902 
 302,699  *  Express Scripts Holding Co   24,430,836 
 17,289  *  Five Star Quality Care, Inc   60,166 
 8,440  *  Genesis Health Care, Inc   70,052 
 19,474  *  GenMark Diagnostics, Inc   250,825 
 12,263  *  Gentiva Health Services, Inc   238,147 
 26,136  *  Globus Medical, Inc   616,287 
 9,896  *  Greatbatch, Inc   480,550 
 20,613  *  Haemonetics Corp   816,275 
 21,862  *  Halyard Health, Inc   974,389 
 22,864  *  Hanger Orthopedic Group, Inc   493,405 
 136,189  *  HCA Holdings, Inc   9,642,181 
 31,924  *  Health Net, Inc   1,729,323 
 4,198  *  HealthEquity, Inc   87,192 
 35,158     Healthsouth Corp   1,550,468 
 8,271  *  HealthStream, Inc   233,738 
 12,854  *,e  Healthways, Inc   265,049 
 8,860  *,e  HeartWare International, Inc   740,076 
 34,451  *  Henry Schein, Inc   4,756,650 
 22,802     Hill-Rom Holdings, Inc   1,089,024 
 34,672  *  HMS Holdings Corp   685,986 
 102,415  *  Hologic, Inc   3,109,831 
 61,653     Humana, Inc   9,028,465 
 6,479  *  ICU Medical, Inc   541,515 
 20,405  *  Idexx Laboratories, Inc   3,232,560 
 29,404  *  IMS Health Holdings, Inc   723,632 
 2,170  *  Inogen Inc   66,402 
 22,560  *  Insulet Corp   663,038 
 9,702  *  Integra LifeSciences Holdings Corp   540,595 
 14,628  *  Intuitive Surgical, Inc   7,233,253 
 12,342     Invacare Corp   180,810 
 32,915  *  Inverness Medical Innovations, Inc   1,339,311 
 6,956  *  IPC The Hospitalist Co, Inc   280,744 
 3,439  *  K2M Group Holdings, Inc   64,997 
 38,228     Kindred Healthcare, Inc   705,689 
 36,298  *  Laboratory Corp of America Holdings   4,166,284 
 3,821     Landauer, Inc   106,873 
 6,575  *  LDR Holding Corp   220,065 
 5,627  *  LHC Group, Inc   167,234 
 17,661  *  LifePoint Hospitals, Inc   1,152,204 
129

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 14,315  *  Magellan Health Services, Inc  $860,618 
 24,973  *  Masimo Corp   637,311 
 95,236     McKesson Corp   20,251,935 
 23,789  *  MedAssets, Inc   440,334 
 21,429  *  Medidata Solutions, Inc   921,233 
 587,981     Medtronic plc   41,981,844 
 27,937  *  Merge Healthcare, Inc   103,367 
 17,521  e  Meridian Bioscience, Inc   303,113 
 17,287  *  Merit Medical Systems, Inc   265,010 
 12,000  *  Molina Healthcare, Inc   610,920 
 6,187  *  MWI Veterinary Supply, Inc   1,173,488 
 4,200     National Healthcare Corp   264,474 
 3,676     National Research Corp   50,913 
 12,901  *  Natus Medical, Inc   485,078 
 14,251  *  Neogen Corp   656,971 
 3,273  *,e  Nevro Corp   149,118 
 20,656  *  NuVasive, Inc   956,786 
 24,566  *  NxStage Medical, Inc   439,486 
 2,948  *,e  Ocular Therapeutix, Inc   89,855 
 40,916     Omnicare, Inc   3,067,882 
 14,598  *  Omnicell, Inc   464,654 
 21,728  *  OraSure Technologies, Inc   199,680 
 7,325  *  Orthofix International NV   223,412 
 25,069     Owens & Minor, Inc   858,112 
 5,336  *,e  Oxford Immunotec Global plc   62,751 
 34,882     Patterson Cos, Inc   1,747,239 
 40,195  *  Pediatrix Medical Group, Inc   2,728,839 
 12,030  *  PharMerica Corp   276,810 
 4,996  *,e  PhotoMedex, Inc   9,392 
 18,618  *  Premier, Inc   605,085 
 4,577  *  Providence Service Corp   178,503 
 19,842     Quality Systems, Inc   323,226 
 59,533     Quest Diagnostics, Inc   4,231,010 
 11,443  *  Quidel Corp   269,368 
 12,387  *  RadNet, Inc   97,733 
 57,420  e  Resmed, Inc   3,587,027 
 15,744  *,e  Rockwell Medical Technologies, Inc   169,878 
 22,692  *  RTI Biologics, Inc   101,206 
 31,111     Select Medical Holdings Corp   420,621 
 25,590  *  Sirona Dental Systems, Inc   2,308,730 
 15,763  *,e  Spectranetics Corp   515,608 
 112,451     St. Jude Medical, Inc   7,407,147 
 14,817  *  Staar Surgical Co   88,902 
 23,100     STERIS Corp   1,506,582 
 136,578     Stryker Corp   12,435,427 
 4,961  *,e  Surgical Care Affiliates, Inc   159,992 
 5,430  *  SurModics, Inc   124,456 
 3,531  *  Symmetry Surgical, Inc   25,423 
 3,142  *,e  Tandem Diabetes Care, Inc   38,615 
 27,841  *  Team Health Holdings, Inc   1,439,380 
 16,833     Teleflex, Inc   1,844,223 
 38,890  *  Tenet Healthcare Corp   1,644,269 
130

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 22,510  *  Thoratec Corp  $807,884 
 13,231  *  Tornier BV   319,793 
 10,717  *,e  TransEnterix, Inc   31,829 
 10,733  *  Triple-S Management Corp (Class B)   258,451 
 2,959  *,e  TriVascular Technologies, Inc   28,939 
 40,501  *,e  Unilife Corp   160,789 
 402,840     UnitedHealth Group, Inc   42,801,750 
 16,919     Universal American Corp   152,779 
 35,375     Universal Health Services, Inc (Class B)   3,626,999 
 4,758     US Physical Therapy, Inc   184,563 
 1,453     Utah Medical Products, Inc   82,371 
 44,514  *  Varian Medical Systems, Inc   4,120,216 
 6,979  *  Vascular Solutions, Inc   190,248 
 35,160  *  VCA Antech, Inc   1,831,836 
 19,843  *,e  Veeva Systems, Inc   570,685 
 2,579  *,e  Veracyte, Inc   20,890 
 9,105  *  Vocera Communications, Inc   81,581 
 20,922  *  Volcano Corp   375,968 
 17,333  *  WellCare Health Plans, Inc   1,262,709 
 28,762     West Pharmaceutical Services, Inc   1,418,254 
 27,666  *  Wright Medical Group, Inc   675,327 
 11,805  *,e  Zeltiq Aesthetics, Inc   380,239 
 68,668     Zimmer Holdings, Inc   7,697,683 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   460,796,971 
             
HOUSEHOLD & PERSONAL PRODUCTS - 1.8%     
 172,010     Avon Products, Inc   1,331,357 
 15,669  *  Central Garden and Pet Co (Class A)   142,588 
 55,332     Church & Dwight Co, Inc   4,477,466 
 52,654     Clorox Co   5,618,708 
 371,599     Colgate-Palmolive Co   25,090,365 
 24,390     Coty, Inc   463,898 
 10,401  *,e  Elizabeth Arden, Inc   153,727 
 24,505     Energizer Holdings, Inc   3,136,885 
 91,235     Estee Lauder Cos (Class A)   6,440,279 
 9,176  e  Female Health Co   34,777 
 30,245  *  Harbinger Group, Inc   377,760 
 31,565  e  Herbalife Ltd   962,101 
 12,014  *,e  IGI Laboratories, Inc   119,660 
 6,703     Inter Parfums, Inc   168,581 
 155,926     Kimberly-Clark Corp   16,833,771 
 5,231  *  Medifast, Inc   165,770 
 3,786     Nature’s Sunshine Products, Inc   52,360 
 23,790  e  Nu Skin Enterprises, Inc (Class A)   974,914 
 2,747  *  Nutraceutical International Corp   53,676 
 1,470     Oil-Dri Corp of America   45,011 
 3,285     Orchids Paper Products Co   89,582 
 1,109,983     Procter & Gamble Co   93,560,467 
 4,568  *  Revlon, Inc (Class A)   149,556 
 9,038     Spectrum Brands, Inc   810,528 
 2,534  *,e  USANA Health Sciences, Inc   248,433 
 5,981     WD-40 Co   490,801 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   161,993,021 
131

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
INSURANCE - 4.1%     
 138,902     ACE Ltd  $14,995,860 
 188,393     Aflac, Inc   10,753,472 
 7,051  *  Alleghany Corp   3,117,177 
 39,203     Allied World Assurance Co Holdings Ltd   1,515,980 
 178,145     Allstate Corp   12,432,740 
 17,752  *  AMBAC Financial Group, Inc   434,036 
 36,428     American Equity Investment Life Holding Co   929,278 
 29,467     American Financial Group, Inc   1,710,265 
 593,751     American International Group, Inc   29,016,611 
 2,872     American National Insurance Co   298,803 
 6,505     Amerisafe, Inc   264,753 
 15,541  e  Amtrust Financial Services, Inc   786,685 
 123,475     Aon plc   11,118,924 
 53,365  *  Arch Capital Group Ltd   3,093,569 
 10,440     Argo Group International Holdings Ltd   558,436 
 67,460     Arthur J. Gallagher & Co   2,997,248 
 25,295     Aspen Insurance Holdings Ltd   1,095,779 
 29,285     Assurant, Inc   1,859,890 
 71,608     Assured Guaranty Ltd   1,748,667 
 4,444  *  Atlas Financial Holdings, Inc   74,215 
 42,929     Axis Capital Holdings Ltd   2,185,086 
 3,677     Baldwin & Lyons, Inc (Class B)   84,939 
 750,558  *  Berkshire Hathaway, Inc (Class B)   108,012,802 
 55,047     Brown & Brown, Inc   1,698,200 
 101,884     Chubb Corp   9,974,444 
 70,482     Cincinnati Financial Corp   3,560,046 
 25,301  *,e  Citizens, Inc (Class A)   182,673 
 10,018     CNA Financial Corp   390,301 
 88,249     Conseco, Inc   1,369,624 
 11,500     Crawford & Co (Class B)   107,525 
 3,405     Donegal Group, Inc (Class A)   54,446 
 1,918     EMC Insurance Group, Inc   61,875 
 11,158     Employers Holdings, Inc   232,086 
 17,691     Endurance Specialty Holdings Ltd   1,081,274 
 3,656  *  Enstar Group Ltd   493,450 
 11,765     Erie Indemnity Co (Class A)   1,019,555 
 18,372     Everest Re Group Ltd   3,148,593 
 3,922     FBL Financial Group, Inc (Class A)   204,689 
 4,374     Federated National Holding Co   127,327 
 7,474     Fidelity & Guaranty Life   161,513 
 43,516     First American Financial Corp   1,480,414 
 118,115     FNF Group   4,145,836 
 197,612  *  Genworth Financial, Inc (Class A)   1,379,332 
 12,261  *  Greenlight Capital Re Ltd (Class A)   385,118 
 5,627  *  Hallmark Financial Services   62,122 
 17,950     Hanover Insurance Group, Inc   1,238,550 
 179,715     Hartford Financial Services Group, Inc   6,990,914 
 40,526     HCC Insurance Holdings, Inc   2,161,657 
 3,640     HCI Group, Inc   168,204 
132

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 2,883  *  Heritage Insurance Holdings, Inc  $54,806 
 15,137     Horace Mann Educators Corp   461,224 
 3,159     Independence Holding Co   40,151 
 4,201     Infinity Property & Casualty Corp   295,204 
 1,519     Kansas City Life Insurance Co   69,069 
 18,133     Kemper Corp   633,023 
 104,719     Lincoln National Corp   5,233,856 
 127,557     Loews Corp   4,880,331 
 18,988     Maiden Holdings Ltd   237,350 
 5,964  *  Markel Corp   4,075,559 
 223,067     Marsh & McLennan Cos, Inc   11,994,313 
 43,452  *  MBIA, Inc   348,485 
 20,353     Meadowbrook Insurance Group, Inc   168,930 
 13,144     Mercury General Corp   751,180 
 386,972     Metlife, Inc   17,994,198 
 17,905     Montpelier Re Holdings Ltd   629,003 
 14,334     National General Holdings Corp   257,582 
 1,981     National Interstate Corp   51,050 
 1,147     National Western Life Insurance Co (Class A)   273,433 
 4,225  *  Navigators Group, Inc   313,580 
 105,629     Old Republic International Corp   1,483,031 
 7,800     OneBeacon Insurance Group Ltd (Class A)   123,318 
 21,119     PartnerRe Ltd   2,416,014 
 2,237  *  Phoenix Cos, Inc   138,761 
 12,138     Platinum Underwriters Holdings Ltd   896,149 
 23,440     Primerica, Inc   1,163,562 
 119,700     Principal Financial Group   5,617,521 
 23,897     ProAssurance Corp   1,060,310 
 247,546     Progressive Corp   6,423,819 
 34,463     Protective Life Corp   2,410,687 
 181,814     Prudential Financial, Inc   13,796,046 
 30,030     Reinsurance Group of America, Inc (Class A)   2,486,784 
 16,886     RenaissanceRe Holdings Ltd   1,614,808 
 17,174     RLI Corp   805,632 
 5,226     Safety Insurance Group, Inc   323,751 
 22,692     Selective Insurance Group, Inc   585,907 
 17,340     Stancorp Financial Group, Inc   1,075,774 
 6,046     State Auto Financial Corp   133,012 
 8,607     Stewart Information Services Corp   308,131 
 32,198     Symetra Financial Corp   653,941 
 22,453  *  Third Point Reinsurance Ltd   297,053 
 56,544     Torchmark Corp   2,831,158 
 144,013     Travelers Cos, Inc   14,807,417 
 3,342  *  United America Indemnity Ltd   87,694 
 7,816     United Fire & Casualty Co   218,379 
 2,557     United Insurance Holdings Corp   62,468 
 12,469     Universal Insurance Holdings, Inc   289,655 
 109,926     UnumProvident Corp   3,414,302 
 36,138     Validus Holdings Ltd   1,432,872 
 40,861     W.R. Berkley Corp   2,001,780 
 2,450     White Mountains Insurance Group Ltd   1,579,221 
 115,901     XL Capital Ltd   3,997,425 
       TOTAL INSURANCE   374,263,692 
133

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
MATERIALS - 3.6%     
 12,936     A. Schulman, Inc  $450,820 
 1,694  *  AEP Industries, Inc   84,886 
 85,507     Air Products & Chemicals, Inc   12,450,674 
 30,268     Airgas, Inc   3,409,388 
 75,129  *,e  AK Steel Holding Corp   284,739 
 45,501     Albemarle Corp   2,195,878 
 477,715     Alcoa, Inc   7,476,240 
 43,970     Allegheny Technologies, Inc   1,254,464 
 11,715  e  American Vanguard Corp   130,974 
 3,985     Ampco-Pittsburgh Corp   72,527 
 26,457     Aptargroup, Inc   1,669,701 
 29,470     Ashland, Inc   3,492,784 
 39,151     Avery Dennison Corp   2,046,423 
 29,918  *  Axalta Coating Systems Ltd   767,995 
 28,419     Axiall Corp   1,257,541 
 12,490     Balchem Corp   661,595 
 55,742     Ball Corp   3,530,141 
 40,024     Bemis Co, Inc   1,773,063 
 35,788  *  Berry Plastics Group, Inc   1,210,350 
 15,190  *  Boise Cascade Co   614,284 
 8,509     Brush Engineered Materials, Inc   280,372 
 25,614     Cabot Corp   1,086,290 
 21,261  *  Calgon Carbon Corp   419,480 
 21,158     Carpenter Technology Corp   802,735 
 14,973  *,e  Castle (A.M.) & Co   90,587 
 62,096     Celanese Corp (Series A)   3,338,281 
 21,260  *  Century Aluminum Co   491,319 
 20,707     CF Industries Holdings, Inc   6,323,504 
 2,772     Chase Corp   99,238 
 37,974  *,e  Chemtura   827,453 
 8,163  *  Clearwater Paper Corp   604,225 
 30,545  e  Cliffs Natural Resources, Inc   196,099 
 47,970  *,e  Coeur d’Alene Mines Corp   302,211 
 46,809     Commercial Metals Co   628,177 
 13,355     Compass Minerals International, Inc   1,167,227 
 55,239  *  Crown Holdings, Inc   2,447,640 
 28,088     Cytec Industries, Inc   1,347,943 
 4,672     Deltic Timber Corp   292,000 
 25,526     Domtar Corp   977,646 
 491,550     Dow Chemical Co   22,198,398 
 376,437     Du Pont (E.I.) de Nemours & Co   26,806,079 
 19,530     Eagle Materials, Inc   1,390,927 
 59,736     Eastman Chemical Co   4,234,685 
 109,922     Ecolab, Inc   11,406,606 
 30,427  *  Ferro Corp   338,653 
 22,515  *  Flotek Industries, Inc   364,068 
 53,127     FMC Corp   3,054,802 
 425,197     Freeport-McMoRan Copper & Gold, Inc (Class B)   7,147,562 
 8,437     FutureFuel Corp   92,723 
134

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 16,545     Glatfelter  $378,384 
 25,489     Globe Specialty Metals, Inc   393,040 
 20,733  *,e  Gold Resource Corp   72,565 
 131,993  *  Graphic Packaging Holding Co   1,911,259 
 13,180     Greif, Inc (Class A)   503,476 
 19,859     H.B. Fuller Co   817,198 
 4,200     Hawkins, Inc   161,742 
 4,940     Haynes International, Inc   192,314 
 29,267  *  Headwaters, Inc   412,079 
 151,816  e  Hecla Mining Co   499,475 
 21,868  *,e  Horsehead Holding Corp   293,906 
 81,266     Huntsman Corp   1,784,601 
 8,994     Innophos Holdings, Inc   535,503 
 9,625     Innospec, Inc   379,899 
 32,390     International Flavors & Fragrances, Inc   3,436,903 
 174,899     International Paper Co   9,210,181 
 21,952  *,e  Intrepid Potash, Inc   292,181 
 7,211     Kaiser Aluminum Corp   499,794 
 33,322     Kapstone Paper and Packaging Corp   995,328 
 3,950     KMG Chemicals, Inc   82,634 
 9,009     Koppers Holdings, Inc   163,603 
 12,330  *  Kraton Polymers LLC   238,462 
 8,381     Kronos Worldwide, Inc   94,119 
 10,324  *  Landec Corp   131,837 
 56,976  *  Louisiana-Pacific Corp   932,697 
 8,100  *  LSB Industries, Inc   253,044 
 170,215     LyondellBasell Industries AF S.C.A   13,462,304 
 12,517  *,e  Marrone Bio Innovations, Inc   42,558 
 26,584     Martin Marietta Materials, Inc   2,864,160 
 66,875     MeadWestvaco Corp   3,362,475 
 13,780     Minerals Technologies, Inc   900,247 
 196,529     Monsanto Co   23,186,491 
 133,208     Mosaic Co   6,485,898 
 10,894     Myers Industries, Inc   181,385 
 6,475     Neenah Paper, Inc   371,535 
 3,613     NewMarket Corp   1,624,658 
 201,201     Newmont Mining Corp   5,060,205 
 19,907     Noranda Aluminium Holding Corp   60,318 
 131,394     Nucor Corp   5,735,348 
 32,025     Olin Corp   802,867 
 3,926     Olympic Steel, Inc   53,825 
 13,725     OM Group, Inc   384,300 
 25,194  *  Omnova Solutions, Inc   172,831 
 67,194  *  Owens-Illinois, Inc   1,568,980 
 38,502     Packaging Corp of America   2,920,377 
 35,374  *  Platform Specialty Products Corp   742,854 
 37,351     PolyOne Corp   1,329,322 
 56,286     PPG Industries, Inc   12,545,024 
 117,196     Praxair, Inc   14,132,666 
 5,837     Quaker Chemical Corp   460,656 
 16,877  e  Rayonier Advanced Materials, Inc   288,934 
 30,960     Reliance Steel & Aluminum Co   1,621,375 
135

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 92,557  *  Rentech, Inc  $111,068 
 33,891  *  Resolute Forest Products   576,147 
 57,899     Rock-Tenn Co (Class A)   3,757,645 
 27,995     Royal Gold, Inc   2,028,518 
 53,026     RPM International, Inc   2,537,824 
 13,093  *  RTI International Metals, Inc   291,974 
 6,509  *,e  Ryerson Holding Corp   41,332 
 10,080     Schnitzer Steel Industries, Inc (Class A)   170,150 
 11,733     Schweitzer-Mauduit International, Inc   455,944 
 18,348     Scotts Miracle-Gro Co (Class A)   1,163,814 
 85,289     Sealed Air Corp   3,454,205 
 16,710  *,e  Senomyx, Inc   88,229 
 19,703     Sensient Technologies Corp   1,201,883 
 35,735     Sherwin-Williams Co   9,693,833 
 48,184     Sigma-Aldrich Corp   6,626,264 
 18,128     Silgan Holdings, Inc   931,960 
 41,681     Sonoco Products Co   1,842,300 
 66,035  e  Southern Copper Corp (NY)   1,801,435 
 97,201     Steel Dynamics, Inc   1,656,305 
 7,636     Stepan Co   293,222 
 49,644  *  Stillwater Mining Co   678,633 
 27,754     SunCoke Energy, Inc   419,085 
 38,594     Tahoe Resources, Inc   526,808 
 16,249     TimkenSteel Corp   438,723 
 7,438  *  Trecora Resources   102,273 
 10,895     Tredegar Corp   233,044 
 6,253  *,e  Trinseo S.A.   95,358 
 25,694     Tronox Ltd   543,171 
 2,376  *  UFP Technologies, Inc   52,937 
 790     United States Lime & Minerals, Inc   54,629 
 59,183  e  United States Steel Corp   1,446,433 
 2,856  *  Universal Stainless & Alloy   63,660 
 5,448  *  US Concrete, Inc   138,052 
 33,782     Valspar Corp   2,818,432 
 51,613     Vulcan Materials Co   3,639,233 
 21,822     Wausau Paper Corp   221,712 
 16,361     Westlake Chemical Corp   937,649 
 20,425  *  Worthington Industries, Inc   611,320 
 30,356  *  WR Grace & Co   2,631,258 
 9,183     Zep, Inc   147,112 
       TOTAL MATERIALS   323,142,788 
             
MEDIA - 3.3%     
 7,528     AH Belo Corp (Class A)   67,903 
 14,764     AMC Entertainment Holdings, Inc   415,164 
 24,486  *  AMC Networks, Inc   1,633,216 
 86,098  e  Cablevision Systems Corp (Class A)   1,628,974 
 9,072  *  Carmike Cinemas, Inc   251,022 
 211,597     CBS Corp (Class B)   11,597,632 
 29,048  *,e  Central European Media Enterprises Ltd (Class A) (NASDAQ)   75,525 
 31,551  *  Charter Communications, Inc   4,767,829 
 29,725  *  Cinedigm Corp   44,290 
136

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 45,849     Cinemark Holdings, Inc  $1,704,207 
 16,417     Clear Channel Outdoor Holdings, Inc (Class A)   148,574 
 1,058,014     Comcast Corp (Class A)   56,228,154 
 10,034  *  Crown Media Holdings, Inc (Class A)   32,109 
 61,904  *  Cumulus Media, Inc (Class A)   215,426 
 411  *,e  Daily Journal Corp   77,473 
 6,234  *,e  Dex Media, Inc   42,267 
 188,215  *  DIRECTV   16,050,975 
 91,394  *  Discovery Communications, Inc (Class A)   2,649,055 
 98,975  *  Discovery Communications, Inc (Class C)   2,759,423 
 84,844  *  DISH Network Corp (Class A)   5,968,775 
 30,511  *,e  DreamWorks Animation SKG, Inc (Class A)   569,640 
 10,087  *  Entercom Communications Corp (Class A)   116,707 
 27,822     Entravision Communications Corp (Class A)   171,662 
 8,966  *  Eros International plc   168,202 
 12,337  *  EW Scripps Co (Class A)   243,409 
 87,353     Gannett Co, Inc   2,708,817 
 14,926  *,e  Global Eagle Entertainment, Inc   229,786 
 6,645  *  Global Sources Ltd   38,740 
 22,434  *  Gray Television, Inc   212,226 
 19,411     Harte-Hanks, Inc   141,118 
 2,790  *,e  Hemisphere Media Group, Inc   34,819 
 176,027     Interpublic Group of Cos, Inc   3,509,978 
 17,384     John Wiley & Sons, Inc (Class A)   1,077,113 
 17,540  *  Journal Communications, Inc (Class A)   176,277 
 54,492  *,e  Lee Enterprises, Inc   160,751 
 9,979  *  Liberty Broadband Corp (Class A)   443,766 
 28,680  *,e  Liberty Broadband Corp (Class C)   1,273,392 
 40,094  *  Liberty Media Corp   1,365,201 
 82,160  *  Liberty Media Corp (Class C)   2,803,299 
 35,407     Lions Gate Entertainment Corp   1,017,243 
 57,519  *  Live Nation, Inc   1,367,227 
 5,064  *  Loral Space & Communications, Inc   364,152 
 25,182  *  Madison Square Garden, Inc   1,907,537 
 11,381  *  Martha Stewart Living Omnimedia, Inc (Class A)   52,808 
 24,667  *  McClatchy Co (Class A)   61,914 
 16,747     MDC Partners, Inc   400,253 
 21,543  *,e  Media General, Inc   308,065 
 14,365     Meredith Corp   747,842 
 10,539     Morningstar, Inc   701,792 
 23,428     National CineMedia, Inc   337,363 
 14,717     New Media Investment Group, Inc   344,231 
 53,842     New York Times Co (Class A)   677,871 
 197,825  *  News Corp   2,945,614 
 12,268  e  Nexstar Broadcasting Group, Inc (Class A)   612,112 
 106,903     Omnicom Group, Inc   7,782,538 
 7,127  *,e  Radio One, Inc   13,399 
 5,007  *,e  ReachLocal, Inc   15,171 
 4,992  *  Reading International, Inc   60,353 
 34,257  e  Regal Entertainment Group (Class A)   724,878 
 5,152  *  Rentrak Corp   396,343 
 1,443     Saga Communications, Inc   58,687 
137

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 2,491     Salem Communications  $17,362 
 10,478     Scholastic Corp   385,381 
 42,095     Scripps Networks Interactive (Class A)   2,992,534 
 23,531  *,e  SFX Entertainment, Inc   77,417 
 27,216  e  Sinclair Broadcast Group, Inc (Class A)   673,324 
 1,097,365  *  Sirius XM Holdings, Inc   3,895,646 
 9,582  *  Sizmek, Inc   57,109 
 44,058  *  Starz-Liberty Capital   1,300,592 
 142,731     Thomson Corp   5,480,870 
 110,085     Time Warner Cable, Inc   14,985,871 
 355,474     Time Warner, Inc   27,702,089 
 44,147     Time, Inc   1,105,441 
 3,579  *  Townsquare Media, Inc   43,449 
 762,426     Twenty-First Century Fox, Inc   25,282,046 
 171,155     Viacom, Inc (Class B)   11,025,805 
 704,785     Walt Disney Co   64,107,244 
 11,367  e  World Wrestling Entertainment, Inc (Class A)   137,654 
       TOTAL MEDIA   301,970,123 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.5%     
 653,892     AbbVie, Inc   39,462,382 
 31,286  *,e  Acadia Pharmaceuticals, Inc   952,033 
 10,244  *,e  Accelerate Diagnostics, Inc   220,246 
 6,455  *,e  Acceleron Pharma, Inc   254,779 
 9,217  *,e  AcelRx Pharmaceuticals, Inc   61,754 
 2,818  *  Achaogen, Inc   32,971 
 38,434  *,e  Achillion Pharmaceuticals, Inc   570,745 
 16,488  *  Acorda Therapeutics, Inc   685,076 
 104,280  *  Actavis plc   27,794,791 
 7,908  *,e  Actinium Pharmaceuticals, Inc   42,624 
 1,336  *  Adamas Pharmaceuticals, Inc   22,485 
 11,809  *,e  Aegerion Pharmaceuticals, Inc   274,205 
 4,740  *  Aerie Pharmaceuticals, Inc   132,530 
 28,957  *,e  Affymetrix, Inc   319,685 
 25,516  *,e  Agenus, Inc   128,345 
 132,637     Agilent Technologies, Inc   5,009,699 
 6,222  *,e  Agios Pharmaceuticals, Inc   721,254 
 3,159  *,e  Akebia Therapeutics, Inc   32,443 
 24,866  *  Akorn, Inc   1,058,794 
 9,258  *,e  Albany Molecular Research, Inc   151,183 
 3,305  *  Alder Biopharmaceuticals, Inc   89,499 
 81,703  *  Alexion Pharmaceuticals, Inc   14,971,258 
 10,350  *  Alimera Sciences, Inc   56,200 
 57,499  *  Alkermes plc   4,154,303 
 122,647     Allergan, Inc   26,891,581 
 27,897  *  Alnylam Pharmaceuticals, Inc   2,617,576 
 8,549  *,e  AMAG Pharmaceuticals, Inc   377,780 
 311,104     Amgen, Inc   47,368,695 
 14,591  *,e  Ampio Pharmaceuticals, Inc   73,247 
 13,268  *,e  Anacor Pharmaceuticals, Inc   498,877 
 2,629  *,e  ANI Pharmaceuticals, Inc   147,145 
 1,946  *  Applied Genetic Technologies Corp   48,611 
138

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 9,955  *  Aratana Therapeutics, Inc  $164,954 
 87,816  *,e  Arena Pharmaceuticals, Inc   378,487 
 65,799  *,e  Ariad Pharmaceuticals, Inc   424,404 
 50,525  *,e  Array Biopharma, Inc   361,759 
 20,726  *,e  Arrowhead Research Corp   130,781 
 3,300  *  Auspex Pharmaceuticals Inc   202,785 
 2,761  *  Avalanche Biotechnologies, Inc   109,556 
 27,687  *,e  BioCryst Pharmaceuticals, Inc   281,854 
 20,345  *,e  BioDelivery Sciences International, Inc   266,519 
 97,631  *  Biogen Idec, Inc   37,994,080 
 61,996  *  BioMarin Pharmaceuticals, Inc   6,023,531 
 27,963  *,e  Bio-Path Holdings, Inc   63,196 
 10,094  *  Bio-Rad Laboratories, Inc (Class A)   1,155,460 
 1,559  *  Biospecifics Technologies Corp   61,331 
 16,906     Bio-Techne Corp   1,572,596 
 19,659  *,e  BioTime, Inc   80,209 
 8,780  *  Bluebird Bio, Inc   815,750 
 681,463     Bristol-Myers Squibb Co   41,071,775 
 54,610  *  Bruker BioSciences Corp   1,029,945 
 12,351  *  Cambrex Corp   277,033 
 2,312  *,e  Cara Therapeutics Inc   24,946 
 19,561  *  Catalent, Inc   540,275 
 329,386  *  Celgene Corp   39,249,636 
 35,796  *,e  Celldex Therapeutics, Inc   766,750 
 4,161  *,e  Cellular Dynamics International, Inc   21,096 
 8,826  *,e  Cempra, Inc   244,833 
 28,362  *  Cepheid, Inc   1,602,737 
 22,348  *  Charles River Laboratories International, Inc   1,549,834 
 9,194  *,e  ChemoCentryx, Inc   75,575 
 10,808  *  Chimerix, Inc   433,509 
 9,865  *,e  Clovis Oncology, Inc   643,099 
 22,589  *,e  Corcept Therapeutics, Inc   65,734 
 25,229  *  Covance, Inc   2,679,572 
 54,062  *,e  CTI BioPharma Corp   118,936 
 14,477  *,e  Cytokinetics, Inc   102,642 
 25,229  *,e  Cytori Therapeutics, Inc   12,110 
 21,974  *,e  CytRx Corp   56,473 
 26,759  *  Depomed, Inc   488,887 
 1,446  *,e  Dicerna Pharmaceuticals Inc   30,829 
 54,178  *  Dyax Corp   818,630 
 9,195  *,e  Dynavax Technologies Corp   157,235 
 802  *,e  Egalet Corp   7,018 
 1,511  *,e  Eleven Biotheraputics Inc   17,528 
 405,327     Eli Lilly & Co   29,183,544 
 11,534  *  Emergent Biosolutions, Inc   323,298 
 3,808  *,e  Enanta Pharmaceuticals, Inc   165,420 
 76,111  *,e  Endo International plc   6,059,197 
 14,308  *,e  Endocyte, Inc   74,115 
 13,923  *  Enzo Biochem, Inc   43,857 
 5,213  *,e  Epizyme, Inc   99,777 
 1,727  *,e  Esperion Thereapeutics, Inc   79,269 
 34,281  *,e  Exact Sciences Corp   932,786 
139

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 104,055  *,e  Exelixis, Inc  $194,583 
 3,793  *  FibroGen, Inc   112,007 
 6,594  *  Five Prime Therapeutics, Inc   173,488 
 1,915  *  Flexion Therapeutics Inc   39,430 
 11,238  *  Fluidigm Corp   433,000 
 1,296  *,m  Forest Laboratories, Inc CVR   1,231 
 5,651  *  Foundation Medicine, Inc   269,327 
 2,832  *,m  Furiex Pharmaceuticals, Inc   27,669 
 7,325  *,e  Galectin Therapeutics, Inc   23,587 
 47,931  *,e  Galena Biopharma, Inc   78,128 
 1,666  *,e  Genocea Biosciences Inc   14,294 
 7,321  *,e  Genomic Health, Inc   236,322 
 62,189  *,e  Geron Corp   197,761 
 630,482  *  Gilead Sciences, Inc   66,093,428 
 41,532  *,e  Halozyme Therapeutics, Inc   593,077 
 13,023  *  Heron Therapeutics, Inc   102,882 
 25,679  *  Horizon Pharma plc   421,906 
 66,499  *  Hospira, Inc   4,218,032 
 5,485  *  Hyperion Therapeutics, Inc   138,771 
 22,914  *,e  Idera Pharmaceuticals, Inc   103,571 
 56,231  *  Illumina, Inc   10,975,729 
 34,283  *,e  Immunogen, Inc   261,579 
 35,440  *,e  Immunomedics, Inc   189,604 
 27,831  *  Impax Laboratories, Inc   1,020,563 
 60,866  *  Incyte Corp   4,851,629 
 19,642  *  Infinity Pharmaceuticals, Inc   303,272 
 24,252  *,e  Inovio Pharmaceuticals, Inc   202,262 
 20,107  *  Insmed, Inc   310,854 
 3,990  *,e  Insys Therapeutics, Inc   190,642 
 5,984  *,e  Intercept Pharmaceuticals, Inc   1,202,964 
 6,807  *  Intra-Cellular Therapies, Inc   132,192 
 14,341  *,e  Intrexon Corp   411,730 
 48,025  *  Ironwood Pharmaceuticals, Inc   748,230 
 48,295  *,e  Isis Pharmaceuticals, Inc   3,308,690 
 24,313  *  Jazz Pharmaceuticals plc   4,117,163 
 1,160,048     Johnson & Johnson   116,167,207 
 5,018  *,e  Karyopharm Therapeutics, Inc   133,128 
 36,296  *,e  Keryx Biopharmaceuticals, Inc   441,359 
 4,496  *,e  Kindred Biosciences Inc   28,370 
 3,452  *,e  Kite Pharma, Inc   231,802 
 6,699  *,e  KYTHERA Biopharmaceuticals, Inc   249,203 
 10,246  *  Lannett Co, Inc   485,968 
 87,144  *,e  Lexicon Pharmaceuticals, Inc   79,301 
 8,270  *,e  Ligand Pharmaceuticals, Inc (Class B)   470,728 
 15,732  *  Luminex Corp   277,670 
 8,023  *  MacroGenics, Inc   253,687 
 46,261  *  Mallinckrodt plc   4,903,203 
 90,579  *,e  MannKind Corp   575,177 
 24,938  *  Medicines Co   714,972 
 30,426  *  Medivation, Inc   3,310,957 
 1,199,373     Merck & Co, Inc   72,298,204 
 38,997  *,e  Merrimack Pharmaceuticals, Inc   367,742 
140

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 12,501  *  Mettler-Toledo International, Inc  $3,799,679 
 47,130  *,e  MiMedx Group, Inc   384,345 
 2,993  *,e  Mirati Therapeutics, Inc   62,105 
 18,851  *  Momenta Pharmaceuticals, Inc   203,025 
 148,748  *  Mylan Laboratories, Inc   7,905,956 
 35,226  *,e  Myriad Genetics, Inc   1,318,157 
 3,381  *,e  NanoString Technologies, Inc   42,465 
 15,109  *,e  NanoViricides, Inc   39,283 
 57,284  *,e  Navidea Biopharmceuticals, Inc   92,227 
 51,538  *  Nektar Therapeutics   754,516 
 9,051  *,e  NeoStem, Inc   32,041 
 27,511  *,e  Neuralstem, Inc   85,284 
 31,005  *  Neurocrine Biosciences, Inc   1,043,628 
 7,810  *,e  NewLink Genetics Corp   285,768 
 14,396  *,e  Northwest Biotherapeutics, Inc   91,271 
 95,539  *,e  Novavax, Inc   746,160 
 42,306  *  NPS Pharmaceuticals, Inc   1,940,153 
 7,823  *,e  Ohr Pharmaceutical, Inc   58,751 
 13,482  *,e  Omeros Corp   299,840 
 1,988  *,m  Omthera Pharmaceuticals, Inc   1,193 
 4,885  *,e  OncoMed Pharmaceuticals, Inc   111,671 
 27,185  *,e  Oncothyreon, Inc   42,952 
 5,421  *,e  Ophthotech Corp   304,931 
 78,548  *,e  Opko Health, Inc   952,787 
 46,442  *,e  Orexigen Therapeutics, Inc   243,821 
 25,020  *,e  Organovo Holdings, Inc   160,879 
 7,783  *,e  Osiris Therapeutics, Inc   125,540 
 2,877  *  Otonomy, Inc   84,008 
 5,799  *,e  OvaScience, Inc   252,025 
 25,430  *  Pacific Biosciences of California, Inc   204,457 
 14,220  *,e  Pacira Pharmaceuticals, Inc   1,526,517 
 14,233  *  Pain Therapeutics, Inc   28,039 
 22,595  *  Parexel International Corp   1,377,391 
 89,494  e  PDL BioPharma, Inc   652,411 
 68,417  *,e  Peregrine Pharmaceuticals, Inc   87,574 
 43,144  *  PerkinElmer, Inc   1,972,112 
 12,851  *,e  Pernix Therapeutics Holdings, Inc   106,792 
 55,310     Perrigo Co plc   8,392,739 
 2,617,262     Pfizer, Inc   81,789,437 
 24,753  *,e  Pharmacyclics, Inc   4,177,069 
 5,447     Phibro Animal Health Corp   148,867 
 17,236  *  Portola Pharmaceuticals, Inc   490,019 
 11,983     Pozen, Inc   82,803 
 5,648  *  PRA Health Sciences, Inc   147,582 
 20,589  *  Prestige Brands Holdings, Inc   705,379 
 30,473  *,e  Progenics Pharmaceuticals, Inc   182,229 
 10,667  *,e  Prothena Corp plc   241,394 
 11,789  *  PTC Therapeutics, Inc   647,334 
 9,889  *,e  Puma Biotechnology, Inc   2,087,370 
 92,805  *,e  Qiagen NV (NASDAQ)   2,128,019 
 22,483  *  Quintiles Transnational Holdings, Inc   1,360,222 
 2,813  *  Radius Health, Inc   135,558 
141

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 24,544  *,e  Raptor Pharmaceutical Corp  $221,878 
 9,030  *  Receptos, Inc   994,835 
 6,117  *,e  Regado Biosciences, Inc   7,524 
 32,729  *  Regeneron Pharmaceuticals, Inc   13,636,865 
 5,559  *,e  Regulus Therapeutics, Inc   106,455 
 6,592  *  Relypsa, Inc   231,577 
 13,091  *  Repligen Corp   317,980 
 9,071  *,e  Repros Therapeutics, Inc   78,011 
 8,303  *,e  Retrophin, Inc   106,611 
 3,290  *,e  Revance Therapeutics, Inc   52,969 
 33,185  *  Rigel Pharmaceuticals, Inc   68,693 
 2,321  *,e  Sage Therapeutics, Inc   93,745 
 8,812  *  Sagent Pharmaceuticals   226,204 
 25,244  *  Salix Pharmaceuticals Ltd   3,399,609 
 27,083  *,e  Sangamo Biosciences, Inc   346,392 
 16,235  *,e  Sarepta Therapeutics, Inc   194,820 
 22,166  *  Sciclone Pharmaceuticals, Inc   163,585 
 41,147  *,e  Seattle Genetics, Inc   1,282,141 
 45,275  *,e  Sequenom, Inc   166,612 
 26,219  *,e  Spectrum Pharmaceuticals, Inc   183,533 
 4,616  *,e  Stemline Therapeutics, Inc   71,456 
 5,921  *,e  Sucampo Pharmaceuticals, Inc (Class A)   89,170 
 19,689  *,e  Sunesis Pharmaceuticals, Inc   46,466 
 20,591  *,e  Supernus Pharmaceuticals, Inc   175,024 
 8,554  *,e  Synageva BioPharma Corp   985,592 
 37,579  *,e  Synergy Pharmaceuticals, Inc   109,355 
 22,494  *,e  Synta Pharmaceuticals Corp   53,536 
 2,393  *,e  T2 Biosystems, Inc   51,761 
 7,755  *,e  TESARO, Inc   311,984 
 10,528  *  Tetraphase Pharmaceuticals, Inc   382,798 
 9,582  *  TG Therapeutics, Inc   136,448 
 42,702  *,e  TherapeuticsMD, Inc   173,370 
 9,312  *,e  Theravance Biopharma, Inc   151,227 
 39,823  e  Theravance, Inc   448,805 
 164,762     Thermo Electron Corp   20,629,850 
 19,914  *,e  Threshold Pharmaceuticals, Inc   74,080 
 2,590  *  Ultragenyx Pharmaceutical, Inc   150,479 
 20,872  *  United Therapeutics Corp   2,945,665 
 13,695  *,e  Vanda Pharmaceuticals, Inc   152,425 
 8,443  *  Verastem, Inc   61,634 
 2,749  *,e  Versartis, Inc   48,740 
 98,308  *  Vertex Pharmaceuticals, Inc   10,827,643 
 2,146  *,e  Vital Therapies, Inc   42,362 
 28,968  *,e  Vivus, Inc   75,896 
 34,397  *  Waters Corp   4,094,963 
 6,202  *  Xencor Inc   93,960 
 22,097  *  Xenoport, Inc   184,068 
 33,340  *,e  XOMA Corp   118,690 
 33,518  *,e  ZIOPHARM Oncology, Inc   299,986 
 204,845     Zoetis Inc   8,753,027 
 51,247  *,e  Zogenix, Inc   69,183 
 2,337  *,e  ZS Pharma, Inc   105,001 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   860,976,681 
142

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
REAL ESTATE - 4.2%     
 22,590     Acadia Realty Trust  $817,532 
 11,101     AG Mortgage Investment Trust   204,147 
 6,410     Agree Realty Corp   222,042 
 19,412     Alexander & Baldwin, Inc   742,703 
 1,248     Alexander’s, Inc   578,872 
 29,256     Alexandria Real Estate Equities, Inc   2,853,045 
 557  *,e  Altisource Asset Management Corp   89,120 
 5,825  *,e  Altisource Portfolio Solutions S.A.   118,131 
 30,811     Altisource Residential Corp   554,906 
 14,192     American Assets Trust,Inc   629,841 
 42,985     American Campus Communities, Inc   1,889,621 
 152,961     American Capital Agency Corp   3,296,310 
 20,453     American Capital Mortgage, Inc   381,244 
 71,353     American Homes 4 Rent   1,190,882 
 301,539  *  American Realty Capital Properties, Inc   2,793,759 
 23,776  *  American Residential Properties, Inc   416,318 
 163,886     American Tower Corp   15,888,748 
 7,646     AmREIT, Inc (Class B)   203,231 
 389,219     Annaly Capital Management, Inc   4,110,153 
 50,785     Anworth Mortgage Asset Corp   263,574 
 59,823     Apartment Investment & Management Co (Class A)   2,384,545 
 18,249     Apollo Commercial Real Estate Finance, Inc   301,656 
 11,615     Ares Commercial Real Estate Corp   139,728 
 13,249     Armada Hoffler Properties, Inc   141,367 
 141,470  *  ARMOUR Residential REIT, Inc   468,266 
 10,029     Ashford Hospitality Prime, Inc   172,098 
 27,183     Ashford Hospitality Trust, Inc   285,965 
 20,730     Associated Estates Realty Corp   516,384 
 4,648  *  AV Homes, Inc   69,674 
 53,116     AvalonBay Communities, Inc   9,188,537 
 7,845     Aviv REIT, Inc   308,544 
 79,041     BioMed Realty Trust, Inc   1,932,552 
 63,381     Boston Properties, Inc   8,797,283 
 73,618     Brandywine Realty Trust   1,222,795 
 19,145     Brixmor Property Group, Inc   518,829 
 34,005     Camden Property Trust   2,620,085 
 25,940     Campus Crest Communities, Inc   178,727 
 53,268     Capstead Mortgage Corp   640,281 
 10,519     CareTrust REIT, Inc   141,796 
 5,253     CatchMark Timber Trust Inc   60,462 
 67,518     CBL & Associates Properties, Inc   1,392,221 
 120,258  *  CBRE Group, Inc   3,889,144 
 31,506     Cedar Shopping Centers, Inc   250,788 
 94,917  *  Chambers Street Properties   802,049 
 10,309     Chatham Lodging Trust   320,919 
 19,826     Chesapeake Lodging Trust   728,011 
 431,327     Chimera Investment Corp   1,354,367 
 44,674     Colony Financial, Inc   1,119,084 
 50,921     Columbia Property Trust, Inc   1,246,037 
143

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 1,735     Consolidated-Tomoka Land Co  $94,644 
 12,438     CorEnergy Infrastructure Trust, Inc   81,469 
 8,139     Coresite Realty   356,570 
 35,932     Corporate Office Properties Trust   1,077,960 
 90,162     Cousins Properties, Inc   995,388 
 137,889     Crown Castle International Corp   11,928,777 
 56,486     CubeSmart   1,391,815 
 13,162     CyrusOne, Inc   369,194 
 80,916     CYS Investments, Inc   715,297 
 38,364     DCT Industrial Trust, Inc   1,448,625 
 124,751     DDR Corp   2,445,120 
 77,180     DiamondRock Hospitality Co   1,121,425 
 55,543     Digital Realty Trust, Inc   4,051,306 
 57,202     Douglas Emmett, Inc   1,629,113 
 131,000     Duke Realty Corp   2,859,730 
 26,219     DuPont Fabros Technology, Inc   976,920 
 21,154     Dynex Capital, Inc   177,059 
 12,644     EastGroup Properties, Inc   817,308 
 19,077     Education Realty Trust, Inc   660,064 
 37,321     Empire State Realty Trust, Inc   679,242 
 23,334     Entertainment Properties Trust   1,518,110 
 51,579  *  Equity Commonwealth   1,359,107 
 33,388     Equity Lifestyle Properties, Inc   1,827,325 
 24,495     Equity One, Inc   667,244 
 146,925     Equity Residential   11,402,849 
 26,178     Essex Property Trust, Inc   5,917,537 
 19,599     Excel Trust, Inc   275,170 
 46,182     Extra Space Storage, Inc   3,048,012 
 28,496     Federal Realty Investment Trust   4,096,870 
 64,539     FelCor Lodging Trust, Inc   646,035 
 43,668     First Industrial Realty Trust, Inc   948,906 
 23,269     First Potomac Realty Trust   297,843 
 63,074  *  Forest City Enterprises, Inc (Class A)   1,545,313 
 16,040  *  Forestar Real Estate Group, Inc   212,851 
 36,242     Franklin Street Properties Corp   466,797 
 39,976     Gaming and Leisure Properties, Inc   1,304,417 
 226,948     General Growth Properties, Inc   6,849,291 
 28,661     Geo Group, Inc   1,247,327 
 11,101     Getty Realty Corp   205,702 
 18,235     Gladstone Commercial Corp   317,289 
 27,818     Government Properties Income Trust   634,250 
 46,232     Gramercy Property Trust, Inc   319,925 
 8,462     Hannon Armstrong Sustainable Infrastructure Capital, Inc   115,929 
 39,591     Hatteras Financial Corp   719,764 
 187,013     HCP, Inc   8,843,845 
 133,919     Health Care REIT, Inc   10,974,662 
 38,926     Healthcare Realty Trust, Inc   1,171,283 
 46,587     Healthcare Trust of America, Inc   1,372,453 
 79,845     Hersha Hospitality Trust   533,365 
 36,946     Highwoods Properties, Inc   1,736,462 
 22,770     Home Properties, Inc   1,605,285 
 61,066     Hospitality Properties Trust   1,990,141 
144

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 316,430     Host Marriott Corp  $7,243,083 
 15,589  *  Howard Hughes Corp   2,036,391 
 21,270     Hudson Pacific Properties   688,084 
 34,121     Inland Real Estate Corp   388,297 
 53,272     Invesco Mortgage Capital, Inc   817,192 
 42,506     Investors Real Estate Trust   350,674 
 80,452     Iron Mountain, Inc   3,205,208 
 33,522  *  iStar Financial, Inc   437,127 
 19,146     Jones Lang LaSalle, Inc   2,815,994 
 27,458  e  Kennedy-Wilson Holdings, Inc   730,108 
 32,374     Kilroy Realty Corp   2,400,532 
 168,262     Kimco Realty Corp   4,652,444 
 14,190     Kite Realty Group Trust   433,646 
 32,478     Lamar Advertising Co   1,819,418 
 41,363     LaSalle Hotel Properties   1,673,547 
 80,750     Lexington Corporate Properties Trust   921,358 
 60,547     Liberty Property Trust   2,440,044 
 14,173     LTC Properties, Inc   664,997 
 66,077     Macerich Co   5,683,283 
 45,234     Mack-Cali Realty Corp   882,515 
 3,240  *  Marcus & Millichap, Inc   111,067 
 67,395     Medical Properties Trust, Inc   1,035,861 
 154,531     MFA Mortgage Investments, Inc   1,211,523 
 29,938     Mid-America Apartment Communities, Inc   2,374,682 
 21,852     Monmouth Real Estate Investment Corp (Class A)   258,072 
 13,217     National Health Investors, Inc   988,103 
 57,834     National Retail Properties, Inc   2,477,609 
 59,185     New Residential Investment Corp   754,609 
 36,579     New York Mortgage Trust, Inc   283,121 
 33,407  *  New York REIT, Inc   348,435 
 90,888     NorthStar Realty Finance Corp   1,718,692 
 50,100     Omega Healthcare Investors, Inc   2,197,386 
 4,657     One Liberty Properties, Inc   114,143 
 55,121     Outfront Media, Inc   1,562,680 
 4,380     Owens Realty Mortgage, Inc   59,787 
 35,828  *  Paramount Group, Inc   693,272 
 31,908     Parkway Properties, Inc   583,916 
 25,300     Pebblebrook Hotel Trust   1,174,932 
 27,385     Pennsylvania REIT   655,323 
 36,240     Pennymac Mortgage Investment Trust   815,762 
 19,091     Physicians Realty Trust   336,765 
 72,058     Piedmont Office Realty Trust, Inc   1,407,293 
 75,813     Plum Creek Timber Co, Inc   3,375,195 
 21,589     Post Properties, Inc   1,311,532 
 20,750     Potlatch Corp   827,095 
 198,841     Prologis, Inc   8,975,683 
 10,048     PS Business Parks, Inc   845,137 
 59,480     Public Storage, Inc   11,945,963 
 9,627     QTS Realty Trust, Inc   365,922 
 56,941     RAIT Investment Trust   401,434 
 26,250     Ramco-Gershenson Properties   513,713 
 58,025     Rayonier, Inc   1,703,034 
145

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 4,400     Re/Max Holdings, Inc  $146,432 
 63,250  *  Realogy Holdings Corp   2,941,125 
 90,917     Realty Income Corp   4,937,702 
 33,082     Redwood Trust, Inc   659,324 
 37,687     Regency Centers Corp   2,583,821 
 45,907     Resource Capital Corp   221,731 
 36,120     Retail Opportunities Investment Corp   638,240 
 96,240     Retail Properties of America, Inc   1,702,486 
 18,500     Rexford Industrial Realty, Inc   296,370 
 52,337     RLJ Lodging Trust   1,783,122 
 14,383     Rouse Properties, Inc   267,380 
 16,871     Ryman Hospitality Properties   926,218 
 25,906     Sabra Healthcare REIT, Inc   847,126 
 7,154     Saul Centers, Inc   408,422 
 14,541     Select Income REIT   361,635 
 90,920     Senior Housing Properties Trust   2,117,527 
 14,331     Silver Bay Realty Trust Corp   223,277 
 128,082     Simon Property Group, Inc   25,444,770 
 39,143     SL Green Realty Corp   4,932,018 
 13,682     Sovran Self Storage, Inc   1,296,370 
 177,015     Spirit Realty Capital, Inc   2,276,413 
 25,316  *,e  St. Joe Co   409,107 
 19,054  *  STAG Industrial, Inc   499,215 
 96,498     Starwood Property Trust, Inc   2,309,197 
 14,914     Starwood Waypoint Residential Trust   361,515 
 4,794     STORE Capital Corp   110,070 
 101,176  *  Strategic Hotels & Resorts, Inc   1,357,782 
 36,528     Summit Hotel Properties, Inc   468,289 
 19,286     Sun Communities, Inc   1,306,241 
 83,007     Sunstone Hotel Investors, Inc   1,415,269 
 37,255     Tanger Factory Outlet Centers, Inc   1,465,984 
 28,000     Taubman Centers, Inc   2,294,600 
 5,192  *  Tejon Ranch Co   127,827 
 11,848     Terreno Realty Corp   270,134 
 30,088     Trade Street Residential, Inc   239,500 
 145,259     Two Harbors Investment Corp   1,499,073 
 102,113     UDR, Inc   3,396,278 
 7,871     UMH Properties, Inc   75,798 
 4,803     Universal Health Realty Income Trust   258,065 
 38,734  *  Urban Edge Properties   919,545 
 11,670     Urstadt Biddle Properties, Inc (Class A)   274,245 
 127,164     Ventas, Inc   10,148,937 
 78,359     Vornado Realty Trust   8,653,968 
 31,992     Washington REIT   918,490 
 49,812     Weingarten Realty Investors   1,866,954 
 10,756     Western Asset Mortgage Capital Corp   145,206 
 215,850     Weyerhaeuser Co   7,738,223 
 9,142     Whitestone REIT   143,438 
 40,380     WP Carey, Inc   2,899,688 
 73,891     WP GLIMCHER, Inc   1,306,393 
       TOTAL REAL ESTATE   386,086,981 
146

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
RETAILING - 4.5%     
 9,268  *  1-800-FLOWERS.COM, Inc (Class A)  $73,125 
 25,910     Aaron’s, Inc   820,311 
 29,830  e  Abercrombie & Fitch Co (Class A)   761,262 
 29,039     Advance Auto Parts, Inc   4,617,201 
 38,105  *,e  Aeropostale, Inc   92,976 
 154,399  *  Amazon.com, Inc   54,739,078 
 82,186  e  American Eagle Outfitters, Inc   1,153,891 
 3,169  *  America’s Car-Mart, Inc   168,306 
 18,654  *  Ann Taylor Stores Corp   617,447 
 12,502  *  Asbury Automotive Group, Inc   927,773 
 50,758  *  Ascena Retail Group, Inc   586,763 
 28,569  *  Autonation, Inc   1,703,284 
 13,652  *  AutoZone, Inc   8,149,698 
 16,408  *  Barnes & Noble, Inc   385,424 
 13,146     Bebe Stores, Inc   47,063 
 77,187  *  Bed Bath & Beyond, Inc   5,771,272 
 115,900     Best Buy Co, Inc   4,079,680 
 7,055     Big 5 Sporting Goods Corp   84,025 
 24,679     Big Lots, Inc   1,133,013 
 5,139  *  Blue Nile, Inc   159,720 
 12,823  e  Bon-Ton Stores, Inc   70,270 
 17,331     Brown Shoe Co, Inc   492,027 
 12,554  e  Buckle, Inc   637,618 
 4,615  *  Build-A-Bear Workshop, Inc   95,161 
 11,385  *  Burlington Stores, Inc   567,998 
 19,837  *,e  Cabela’s, Inc   1,090,043 
 88,363  *  Carmax, Inc   5,487,342 
 10,463     Cato Corp (Class A)   443,631 
 60,996     Chico’s FAS, Inc   1,017,413 
 8,856     Children’s Place Retail Stores, Inc   530,917 
 14,714  *  Christopher & Banks Corp   76,660 
 6,249  *  Citi Trends, Inc   143,040 
 12,696  *,e  Conn’s, Inc   199,835 
 8,181  *,e  Container Store Group, Inc   149,058 
 9,586     Core-Mark Holding Co, Inc   639,195 
 4,670  *,e  Coupons.com, Inc   66,874 
 30,070     CST Brands, Inc   1,296,017 
 5,544     Destination Maternity Corp   84,879 
 14,776  *  Destination XL Group, Inc   75,062 
 38,461     Dick’s Sporting Goods, Inc   1,986,511 
 10,839     Dillard’s, Inc (Class A)   1,231,310 
 128,370  *  Dollar General Corp   8,608,492 
 82,821  *  Dollar Tree, Inc   5,888,573 
 32,017     DSW, Inc (Class A)   1,138,525 
 17,334  *  EVINE Live, Inc   108,684 
 43,304     Expedia, Inc   3,721,113 
 37,955  *  Express Parent LLC   496,451 
 41,421     Family Dollar Stores, Inc   3,152,138 
 21,663     Finish Line, Inc (Class A)   511,247 
 21,612  *,e  Five Below, Inc   720,112 
 58,051     Foot Locker, Inc   3,089,474 
147

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 16,847  *  Francesca’s Holdings Corp  $267,193 
 15,555     Fred’s, Inc (Class A)   258,213 
 7,507  *  FTD Cos, Inc   257,115 
 6,156  *  Gaiam, Inc (Class A)   45,062 
 45,571  e  GameStop Corp (Class A)   1,606,378 
 105,187     Gap, Inc   4,332,653 
 9,519  *  Genesco, Inc   680,133 
 64,088     Genuine Parts Co   5,956,339 
 36,262     GNC Holdings, Inc   1,607,857 
 9,395     Group 1 Automotive, Inc   755,264 
 191,369  *  Groupon, Inc   1,370,202 
 24,348     Guess?, Inc   457,255 
 7,966     Haverty Furniture Cos, Inc   194,609 
 4,857  *,e  HHgregg, Inc   26,665 
 10,580  *,e  Hibbett Sports, Inc   497,683 
 557,417     Home Depot, Inc   58,205,483 
 13,393     HSN, Inc   1,037,154 
 124,310  *,e  JC Penney Co, Inc   903,734 
 5,901  *  Kirkland’s, Inc   137,316 
 88,082     Kohl’s Corp   5,260,257 
 98,101     L Brands, Inc   8,302,288 
 6,611  *,e  Lands’ End, Inc   229,336 
 197,536  *  Liberty Interactive Corp   5,404,585 
 29,909  *  Liberty TripAdvisor Holdings, Inc   716,021 
 57,992  *  Liberty Ventures   2,166,001 
 9,392     Lithia Motors, Inc (Class A)   795,502 
 125,722  *  LKQ Corp   3,244,885 
 414,259     Lowe’s Companies, Inc   28,070,190 
 10,988  *,e  Lumber Liquidators, Inc   693,892 
 144,876     Macy’s, Inc   9,254,679 
 9,957  *  MarineMax, Inc   254,003 
 7,087  *,e  Mattress Firm Holding Corp   408,353 
 19,844     Men’s Wearhouse, Inc   922,151 
 11,145  *  Michaels Cos, Inc   287,541 
 12,627  e  Monro Muffler, Inc   721,507 
 18,657  *  Murphy USA, Inc   1,302,445 
 24,233  *  NetFlix, Inc   10,706,139 
 19,919  *  New York & Co, Inc   45,814 
 55,201     Nordstrom, Inc   4,206,316 
 11,300     Nutri/System, Inc   201,366 
 216,268  *  Office Depot, Inc   1,643,637 
 20,186  *  Orbitz Worldwide, Inc   186,317 
 42,429  *  O’Reilly Automotive, Inc   7,949,497 
 8,166  *,e  Outerwall, Inc   506,945 
 4,892  *,e  Overstock.com, Inc   109,483 
 17,800  *  Pacific Sunwear Of California, Inc   48,950 
 18,385     Penske Auto Group, Inc   888,915 
 20,968  *  PEP Boys - Manny Moe & Jack   176,760 
 8,830  e  PetMed Express, Inc   138,631 
 39,614     Petsmart, Inc   3,236,662 
 37,408     Pier 1 Imports, Inc   628,828 
 20,985  *  Priceline.com, Inc   21,183,938 
148

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 21,148     Rent-A-Center, Inc  $724,953 
 12,363  *  Restoration Hardware Holdings, Inc   1,082,133 
 12,399  *,e  RetailMeNot, Inc   192,556 
 85,716     Ross Stores, Inc   7,861,014 
 64,473  *  Sally Beauty Holdings, Inc   2,003,821 
 11,379  *,e  Sears Holdings Corp   362,307 
 4,623  *  Sears Hometown and Outlet Stores, Inc   52,471 
 21,733  *  Select Comfort Corp   648,513 
 5,922     Shoe Carnival, Inc   137,509 
 15,240  *  Shutterfly, Inc   668,579 
 34,193     Signet Jewelers Ltd   4,141,114 
 15,819     Sonic Automotive, Inc (Class A)   389,622 
 3,417  *,e  Sportsman’s Warehouse Holdings, Inc   24,363 
 12,585     Stage Stores, Inc   251,700 
 257,676     Staples, Inc   4,393,376 
 11,572     Stein Mart, Inc   159,231 
 4,288  *  Systemax, Inc   56,044 
 254,556     Target Corp   18,737,867 
 44,852     Tiffany & Co   3,885,977 
 13,801  *,e  Tile Shop Holdings, Inc   112,064 
 4,219  *  Tilly’s, Inc   57,969 
 283,435     TJX Companies, Inc   18,689,704 
 55,604     Tractor Supply Co   4,513,377 
 12,116  e  Travelport Worldwide Ltd   188,888 
 47,327  *  TripAdvisor, Inc   3,171,382 
 17,397  *  Tuesday Morning Corp   307,927 
 25,612  *  Ulta Salon Cosmetics & Fragrance, Inc   3,379,247 
 42,110  *  Urban Outfitters, Inc   1,467,955 
 12,917  *  Vitamin Shoppe, Inc   546,002 
 10,713  *  VOXX International Corp (Class A)   85,704 
 6,804  *  West Marine, Inc   81,648 
 38,985     Williams-Sonoma, Inc   3,050,576 
 892     Winmark Corp   72,707 
 5,208  *,e  zulily, Inc   96,348 
 9,744  *  Zumiez, Inc   363,354 
       TOTAL RETAILING   410,333,126 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.5%     
 15,709  *  Advanced Energy Industries, Inc   377,016 
 320,212  *,e  Advanced Micro Devices, Inc   822,945 
 7,533  *  Alpha & Omega Semiconductor Ltd   66,064 
 124,674     Altera Corp   4,104,891 
 11,835  *,e  Ambarella, Inc   654,594 
 39,862  *  Amkor Technology, Inc   253,124 
 132,060     Analog Devices, Inc   6,880,986 
 502,448     Applied Materials, Inc   11,475,912 
 31,397  *  Applied Micro Circuits Corp   164,834 
 167,509  *  Atmel Corp   1,395,350 
 5,463  *,e  Audience, Inc   22,071 
 103,663     Avago Technologies Ltd   10,664,849 
 44,358  *  Axcelis Technologies, Inc   106,459 
 212,946     Broadcom Corp (Class A)   9,036,364 
149

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 26,047     Brooks Automation, Inc  $336,267 
 9,662  *  Cabot Microelectronics Corp   477,399 
 4,818  *  Cascade Microtech, Inc   64,850 
 21,203  *  Cavium Networks, Inc   1,246,948 
 8,650  *  Ceva, Inc   158,382 
 24,698  *  Cirrus Logic, Inc   654,497 
 9,419     Cohu, Inc   106,717 
 52,438  *,e  Cree, Inc   1,854,208 
 76,448  e  Cypress Semiconductor Corp   1,126,079 
 14,527  *  Diodes, Inc   383,949 
 9,301  *  DSP Group, Inc   102,218 
 55,661  *  Entegris, Inc   723,593 
 36,366  *  Entropic Communications, Inc   94,188 
 15,727  *  Exar Corp   141,858 
 48,686  *  Fairchild Semiconductor International, Inc   747,330 
 30,066  *  First Solar, Inc   1,272,393 
 21,843  *  Formfactor, Inc   164,915 
 41,686  *,e  Freescale Semiconductor Holdings Ltd   1,337,704 
 12,340  *  Inphi Corp   241,864 
 52,621  *  Integrated Device Technology, Inc   962,438 
 11,931     Integrated Silicon Solution, Inc   191,851 
 2,043,395     Intel Corp   67,513,771 
 51,271     Intersil Corp (Class A)   733,688 
 9,988     IXYS Corp   112,864 
 67,485     Kla-Tencor Corp   4,148,303 
 26,291  *  Kopin Corp   95,962 
 64,111     Lam Research Corp   4,900,645 
 46,871  *  Lattice Semiconductor Corp   334,190 
 99,928     Linear Technology Corp   4,490,764 
 4,644  *  MA-COM Technology Solutions   150,976 
 159,968     Marvell Technology Group Ltd   2,477,904 
 114,926     Maxim Integrated Products, Inc   3,802,901 
 11,428  *,e  MaxLinear, Inc   91,995 
 17,514     Micrel, Inc   246,422 
 81,451  e  Microchip Technology, Inc   3,673,440 
 432,068  *  Micron Technology, Inc   12,644,470 
 37,763  *  Microsemi Corp   1,052,077 
 21,340     MKS Instruments, Inc   747,113 
 15,405     Monolithic Power Systems, Inc   731,583 
 9,714  *  Nanometrics, Inc   150,956 
 1,929     NVE Corp   127,526 
 222,117     Nvidia Corp   4,265,757 
 21,300  *  Omnivision Technologies, Inc   575,952 
 175,897  *  ON Semiconductor Corp   1,760,729 
 12,269  *  PDF Solutions, Inc   203,911 
 9,022  *  Pericom Semiconductor Corp   131,811 
 23,544  *  Photronics, Inc   197,770 
 77,701  *  PMC - Sierra, Inc   686,877 
 12,028     Power Integrations, Inc   620,404 
 61,083  *  Qorvo, Inc   4,512,201 
 21,183  *,e  QuickLogic Corp   60,372 
 47,933  *  Rambus, Inc   539,246 
150

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 16,189  *,e  Rubicon Technology, Inc  $67,346 
 12,643  *  Rudolph Technologies, Inc   126,809 
 34,252  *  Semtech Corp   872,056 
 29,865  *  Silicon Image, Inc   216,820 
 17,296  *  Silicon Laboratories, Inc   756,873 
 79,801     Skyworks Solutions, Inc   6,627,473 
 24,323  *  Spansion, Inc   862,494 
 117,635  *,e  SunEdison, Inc   2,203,304 
 18,113  *,e  SunPower Corp   436,886 
 79,878     Teradyne, Inc   1,445,792 
 26,733     Tessera Technologies, Inc   991,260 
 445,251     Texas Instruments, Inc   23,798,666 
 11,782  *  Ultra Clean Holdings   103,682 
 11,090  *  Ultratech, Inc   176,775 
 15,690  *  Veeco Instruments, Inc   457,677 
 20,116  *  Vitesse Semiconductor Corp   75,435 
 19,456  *  Xcerra Corp   149,422 
 114,549     Xilinx, Inc   4,418,728 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   223,985,185 
             
SOFTWARE & SERVICES - 10.1%     
 4,685  *,e  A10 Networks, Inc   22,488 
 261,123     Accenture plc   21,942,166 
 45,090  *  ACI Worldwide, Inc   832,812 
 197,091     Activision Blizzard, Inc   4,118,216 
 16,360  *  Actua Corp   263,396 
 30,778  *  Acxiom Corp   560,160 
 205,603  *  Adobe Systems, Inc   14,418,938 
 20,277     Advent Software, Inc   848,592 
 3,991  *,e  Aerohive Networks, Inc   15,844 
 75,657  *  Akamai Technologies, Inc   4,399,833 
 24,706  *  Alliance Data Systems Corp   7,135,834 
 3,462  *,e  Amber Road, Inc   32,924 
 63,707     Amdocs Ltd   3,069,403 
 9,809  *  American Software, Inc (Class A)   81,317 
 17,713  *,e  Angie’s List, Inc   81,303 
 39,118  *  Ansys, Inc   3,155,649 
 31,853  *  AOL, Inc   1,377,642 
 36,651  *  Aspen Technology, Inc   1,295,430 
 92,829  *  Autodesk, Inc   5,013,230 
 199,552     Automatic Data Processing, Inc   16,469,027 
 12,884  *  AVG Technologies NV   254,846 
 26,722  *  Bankrate, Inc   333,491 
 3,114  *  Barracuda Networks, Inc   105,440 
 19,910  *,e  Bazaarvoice, Inc   165,452 
 1,900  *,e  Benefitfocus, Inc   45,961 
 18,275     Blackbaud, Inc   798,800 
 20,985  *,e  Blackhawk Network Holdings, Inc   700,060 
 16,823  *  Blucora, Inc   227,447 
 29,189     Booz Allen Hamilton Holding Co   849,692 
 2,523  *  Borderfree, Inc   15,390 
 15,474  *  Bottomline Technologies, Inc   383,291 
151

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 12,621  *  Brightcove, Inc  $90,366 
 49,045     Broadridge Financial Solutions, Inc   2,353,670 
 11,032  *  BroadSoft, Inc   296,650 
 135,837     CA, Inc   4,115,861 
 9,622  *  CACI International, Inc (Class A)   813,925 
 115,130  *  Cadence Design Systems, Inc   2,071,189 
 18,327  *  Callidus Software, Inc   273,989 
 7,045  *  Carbonite, Inc   105,886 
 17,521  *  Cardtronics, Inc   588,881 
 3,739  *,e  Care.com, Inc   29,800 
 4,627     Cass Information Systems, Inc   202,755 
 64,580     CDK Global, Inc   2,916,433 
 8,307  *,e  ChannelAdvisor Corp   78,750 
 30,571  *  Ciber, Inc   98,744 
 13,744  *,e  Cimpress NV   1,107,079 
 66,662  *  Citrix Systems, Inc   3,950,390 
 251,522  *  Cognizant Technology Solutions Corp (Class A)   13,614,886 
 18,720  *  Commvault Systems, Inc   815,818 
 57,639     Computer Sciences Corp   3,497,535 
 6,003     Computer Task Group, Inc   48,564 
 13,742  *  comScore, Inc   571,118 
 9,182  *  Comverse, Inc   158,206 
 12,466  *  Constant Contact, Inc   471,464 
 40,661     Convergys Corp   779,065 
 21,121  *,e  Cornerstone OnDemand, Inc   695,937 
 13,131  *  CoStar Group, Inc   2,422,801 
 15,767  *  Covisint Corp   35,003 
 13,500     CSG Systems International, Inc   331,020 
 7,221  *,e  Cvent, Inc   180,381 
 10,812  *,e  Cyan, Inc   31,463 
 7,890  *  Datalink Corp   89,630 
 21,240  *  DealerTrack Holdings, Inc   853,848 
 3,291  *  Demand Media, Inc   13,329 
 11,992  *,e  Demandware, Inc   642,292 
 15,774  *  Dice Holdings, Inc   130,451 
 13,396  *  Digital River, Inc   342,000 
 2,622  e  DMRC Corp   70,846 
 12,426     DST Systems, Inc   1,201,594 
 13,119  *,e  E2open, Inc   77,271 
 40,115     EarthLink Holdings Corp   169,285 
 522,261  *  eBay, Inc   27,679,833 
 11,888  e  Ebix, Inc   271,641 
 131,390  *  Electronic Arts, Inc   7,208,055 
 10,641  *  Ellie Mae, Inc   470,758 
 12,110  *,e  Endurance International Group Holdings, Inc   203,569 
 10,543  *  EnerNOC, Inc   181,550 
 13,583  *  Envestnet, Inc   699,117 
 14,013  *  EPAM Systems, Inc   685,656 
 12,174     EPIQ Systems, Inc   212,436 
 1,860  *  ePlus, Inc   125,438 
 22,527     Equinix, Inc   4,885,205 
 20,267  *  Euronet Worldwide, Inc   919,919 
152

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 26,096     EVERTEC, Inc  $523,486 
 2,787  *  Everyday Health, Inc   38,684 
 12,942  *  ExlService Holdings, Inc   380,236 
 810,726  *  Facebook, Inc   61,542,211 
 17,246  e  Factset Research Systems, Inc   2,476,353 
 13,745     Fair Isaac Corp   980,706 
 116,300     Fidelity National Information Services, Inc   7,260,609 
 38,314  *,e  FireEye, Inc   1,295,396 
 36,630  *  First American Corp   1,216,116 
 103,801  *  Fiserv, Inc   7,528,687 
 5,007  *  Five9, Inc   19,678 
 34,912  *  FleetCor Technologies, Inc   4,905,136 
 14,959  *,e  FleetMatics Group plc   529,698 
 5,122     Forrester Research, Inc   193,304 
 61,569  *  Fortinet, Inc   1,840,605 
 36,599  *  Gartner, Inc   3,082,368 
 63,720  *  Genpact Ltd   1,278,860 
 3,514  *,m  Gerber Scientific, Inc   0 
 9,789  *  Gigamon, Inc   180,216 
 26,600  *  Global Cash Access, Inc   175,826 
 29,901     Global Payments, Inc   2,610,656 
 36,613  *,e  Glu Mobile, Inc   128,512 
 22,346  *,e  Gogo, Inc   324,799 
 116,635  *  Google, Inc   62,343,740 
 115,273  *  Google, Inc (Class A)   61,965,001 
 3,664  *,e  GrubHub, Inc   126,152 
 5,227  *  GTT Communications, Inc   60,163 
 7,393  *,e  Guidance Software, Inc   48,498 
 26,956  *  Guidewire Software, Inc   1,350,496 
 10,211     Hackett Group, Inc   77,399 
 14,621     Heartland Payment Systems, Inc   727,687 
 28,527  *  Higher One Holdings, Inc   94,424 
 37,245  *  HomeAway, Inc   949,375 
 30,346     IAC/InterActiveCorp   1,849,589 
 14,665  *  iGate Corp   519,141 
 9,015  *  Imperva, Inc   376,466 
 31,029  *  Infoblox, Inc   579,311 
 44,879  *  Informatica Corp   1,870,781 
 13,542     Information Services Group, Inc   54,439 
 6,621  *,e  Interactive Intelligence, Inc   268,548 
 22,093  *  Internap Network Services Corp   186,023 
 388,463     International Business Machines Corp   59,555,262 
 118,301     Intuit, Inc   10,270,893 
 18,949     j2 Global, Inc   1,088,431 
 34,284     Jack Henry & Associates, Inc   2,104,009 
 16,776  *  Jive Software, Inc   96,630 
 9,164  *  Knot, Inc   150,656 
 29,597  *  Kofax Ltd   203,923 
 26,348     Leidos Holdings, Inc   1,090,807 
 31,019  *  Limelight Networks, Inc   82,511 
 41,482  *  LinkedIn Corp   9,322,665 
 25,980  *  Lionbridge Technologies   129,380 
153

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 10,535  *,e  Liquidity Services, Inc  $81,541 
 21,292  *  Liveperson, Inc   227,824 
 9,652  *  LogMeIn, Inc   458,953 
 3,064  *  Luxoft Holding, Inc   119,557 
 6,820  *,e  magicJack VocalTec Ltd   47,331 
 30,535  *  Manhattan Associates, Inc   1,363,082 
 9,410     Mantech International Corp (Class A)   306,107 
 13,195     Marchex, Inc (Class B)   50,273 
 10,794  *  Marin Software, Inc   71,456 
 10,225  *,e  Marketo, Inc   352,047 
 413,846     Mastercard, Inc (Class A)   33,947,787 
 4,099  *,e  Mavenir Systems, Inc   49,065 
 27,274     MAXIMUS, Inc   1,519,707 
 38,559     Mentor Graphics Corp   887,243 
 3,386,245     Microsoft Corp   136,804,298 
 3,605  *  MicroStrategy, Inc (Class A)   582,568 
 29,421  *,e  Millennial Media, Inc   39,718 
 7,608  *  Model N, Inc   81,406 
 14,497  *,e  ModusLink Global Solutions, Inc   52,334 
 16,461  *  MoneyGram International, Inc   140,248 
 15,829     Monotype Imaging Holdings, Inc   464,423 
 38,282  *  Monster Worldwide, Inc   158,105 
 14,753  *,e  Netscout Systems, Inc   529,633 
 16,471  *,e  NetSuite, Inc   1,621,241 
 24,084  *,e  NeuStar, Inc (Class A)   633,168 
 26,129     NIC, Inc   429,038 
 104,441  *  Nuance Communications, Inc   1,435,542 
 3,016  *,e  OPOWER, Inc   34,413 
 1,348,986     Oracle Corp   56,509,024 
 83,040  *  Pandora Media, Inc   1,378,464 
 3,781  *,e  Park City Group, Inc   39,209 
 136,629     Paychex, Inc   6,183,829 
 2,354  *  Paycom Software, Inc   61,604 
 14,018     Pegasystems, Inc   274,332 
 13,586  *  Perficient, Inc   244,548 
 12,240  *  PRGX Global, Inc   63,526 
 21,127  *  Progress Software Corp   529,231 
 14,689  *  Proofpoint, Inc   734,450 
 9,486  *  PROS Holdings, Inc   230,415 
 47,152  *  PTC, Inc   1,575,348 
 3,963  *  Q2 Holdings, Inc   70,858 
 2,489     QAD, Inc (Class A)   48,137 
 35,476  *  QLIK Technologies, Inc   1,007,518 
 8,045  *  Qualys, Inc   305,871 
 13,828  *  QuinStreet, Inc   70,799 
 51,869  *  Rackspace Hosting, Inc   2,332,030 
 10,019  *  Rally Software Development Corp   118,525 
 9,129  *  RealNetworks, Inc   64,177 
 20,747  *,e  RealPage, Inc   373,653 
 79,758  *  Red Hat, Inc   5,087,763 
 3,209     Reis, Inc   72,203 
 3,291  *,e  Rightside Group Ltd   25,999 
154

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 11,914  *,e  Rocket Fuel, Inc  $152,618 
 8,026  *  Rosetta Stone, Inc   72,395 
 37,512  *  Rovi Corp   866,902 
 3,008  *  Rubicon Project, Inc   44,308 
 17,425     Sabre Corp   355,993 
 254,535  *  Salesforce.com, Inc   14,368,501 
 9,731  *  Sapiens International Corp NV   62,473 
 45,526  *  Sapient Corp   1,131,776 
 16,805     Science Applications International Corp   819,748 
 11,070  *  Sciquest, Inc   157,415 
 13,463  *  Seachange International, Inc   95,049 
 57,165  *  ServiceNow, Inc   4,167,329 
 26,981  *  ServiceSource International LLC   90,386 
 5,973  *,e  Shutterstock, Inc   336,220 
 17,227  *,e  Silver Spring Networks, Inc   122,312 
 27,039  *  SolarWinds, Inc   1,301,928 
 31,434     Solera Holdings, Inc   1,621,994 
 19,703  *  Sonus Networks, Inc   375,926 
 47,005  *  Splunk, Inc   2,427,808 
 6,421  *  SPS Commerce, Inc   380,765 
 27,006     SS&C Technologies Holdings, Inc   1,494,242 
 5,602  *  Stamps.com, Inc   255,283 
 15,251  *  Sykes Enterprises, Inc   343,453 
 289,517     Symantec Corp   7,171,336 
 13,984  *  Synchronoss Technologies, Inc   593,900 
 62,003  *  Synopsys, Inc   2,665,509 
 12,660  *  Syntel, Inc   547,545 
 15,391  *  TA Indigo Holding Corp   164,068 
 17,511  *  Tableau Software, Inc   1,414,188 
 38,339  *  Take-Two Interactive Software, Inc   1,139,435 
 15,467  *  Tangoe, Inc   176,788 
 16,987  *  TeleCommunication Systems, Inc (Class A)   48,073 
 10,125  *  TeleNav, Inc   65,610 
 7,285  *  TeleTech Holdings, Inc   160,707 
 68,392  *  Teradata Corp   3,047,548 
 7,569  *,e  Textura Corp   188,771 
 45,995  *  TiVo, Inc   481,108 
 66,358     Total System Services, Inc   2,347,082 
 4,367  *  Travelzoo, Inc   37,469 
 13,220  *,e  Tremor Video, Inc   27,762 
 3,307  *,e  TrueCar, Inc   58,137 
 14,778  *  Trulia, Inc   630,725 
 215,983  *  Twitter, Inc   8,105,842 
 13,428  *  Tyler Technologies, Inc   1,424,442 
 11,501  *  Ultimate Software Group, Inc   1,702,263 
 20,494  *  Unisys Corp   449,433 
 38,963  *  Unwired Planet, Inc   38,456 
 50,985  *  Vantiv, Inc   1,753,374 
 2,125  *,e  Varonis Systems, Inc   70,061 
 11,802  *,e  Vasco Data Security International   253,743 
 50,124  *  VeriFone Systems, Inc   1,573,392 
 24,061  *  Verint Systems, Inc   1,284,376 
155

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 49,074  *,e  VeriSign, Inc  $2,673,552 
 21,463  *,e  VirnetX Holding Corp   116,759 
 10,239  *  Virtusa Corp   383,553 
 206,031     Visa, Inc (Class A)   52,519,362 
 37,648  *  VMware, Inc (Class A)   2,902,661 
 27,962  *,e  Vringo, Inc   14,789 
 15,179  *,e  WebMD Health Corp (Class A)   588,186 
 20,610  *  Website Pros, Inc   311,417 
 231,354  e  Western Union Co   3,933,018 
 15,788  *  WEX, Inc   1,453,285 
 5,611  *  Wix.com Ltd   110,986 
 37,773  *  Workday, Inc   3,001,443 
 464,311     Xerox Corp   6,114,976 
 12,453  *,e  Xoom Corp   183,682 
 391,831  *  Yahoo!, Inc   17,236,646 
 20,190  *,e  Yelp, Inc   1,059,369 
 7,470  *,e  YuMe, Inc   40,338 
 4,002  *,e  Zendesk, Inc   96,808 
 12,357  *,e  Zillow, Inc   1,197,640 
 23,238  *  Zix Corp   82,263 
 288,329  *  Zynga, Inc   738,122 
       TOTAL SOFTWARE & SERVICES   918,264,411 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 6.2%     
 51,008  *,e  3D Systems Corp   1,483,313 
 31,223     Adtran, Inc   690,341 
 5,601  *  Agilysys, Inc   58,138 
 5,160  e  Alliance Fiber Optic Products, Inc   74,717 
 127,850     Amphenol Corp (Class A)   6,866,823 
 11,053     Anixter International, Inc   832,954 
 2,470,136     Apple, Inc   289,401,134 
 8,334  *,e  Applied Optoelectronics, Inc   74,506 
 1,971  *,e  Arista Networks, Inc   124,410 
 50,088  *  ARRIS Group, Inc   1,313,307 
 39,589  *  Arrow Electronics, Inc   2,178,979 
 44,947  *  Aruba Networks, Inc   745,221 
 60,787     Avnet, Inc   2,529,955 
 21,648     AVX Corp   279,909 
 5,631     Badger Meter, Inc   337,072 
 4,074     Bel Fuse, Inc (Class B)   95,820 
 16,843     Belden CDT, Inc   1,396,958 
 21,281  *  Benchmark Electronics, Inc   515,639 
 6,118     Black Box Corp   128,539 
 173,985     Brocade Communications Systems, Inc   1,934,713 
 14,389  *,e  CalAmp Corp   257,707 
 16,699  *  Calix Networks, Inc   160,310 
 34,589     CDW Corp   1,185,019 
 16,366  *  Checkpoint Systems, Inc   212,103 
 45,558  *  Ciena Corp   843,734 
 2,104,012     Cisco Systems, Inc   55,472,276 
 4,709  *,e  Clearfield, Inc   55,472 
 35,298  *  Cognex Corp   1,297,201 
156

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 9,960  *  Coherent, Inc  $616,325 
 32,039  *  CommScope Holding Co, Inc   900,456 
 6,617     Comtech Telecommunications Corp   218,626 
 4,850  *,e  Control4 Corp   73,623 
 516,380     Corning, Inc   12,274,353 
 16,155  *  Cray, Inc   524,876 
 13,448     CTS Corp   215,168 
 8,443  *,e  CUI Global, Inc   51,502 
 15,342     Daktronics, Inc   189,934 
 30,542     Diebold, Inc   952,910 
 10,399  *  Digi International, Inc   99,310 
 23,761     Dolby Laboratories, Inc (Class A)   921,927 
 21,804  *  Dot Hill Systems Corp   90,923 
 7,017  *  DTS, Inc   194,511 
 7,109  *  Eastman Kodak Co   128,033 
 17,171  *  EchoStar Corp (Class A)   895,811 
 7,109     Electro Rent Corp   91,635 
 10,102     Electro Scientific Industries, Inc   63,340 
 18,628  *  Electronics for Imaging, Inc   719,972 
 841,829     EMC Corp   21,828,626 
 30,938  *  Emulex Corp   193,672 
 42,439  *  Extreme Networks, Inc   124,771 
 31,956  *  F5 Networks, Inc   3,566,929 
 13,918  *  Fabrinet   227,281 
 6,814  *  FARO Technologies, Inc   377,155 
 16,823     FEI Co   1,383,187 
 38,470  *,e  Finisar Corp   697,846 
 57,308     Flir Systems, Inc   1,730,702 
 12,192  *  GSI Group, Inc   161,178 
 39,552  *  Harmonic, Inc   302,573 
 43,138     Harris Corp   2,895,854 
 779,254     Hewlett-Packard Co   28,154,447 
 11,513  *  Immersion Corp   108,337 
 48,653  *  Infinera Corp   784,286 
 62,956  *  Ingram Micro, Inc (Class A)   1,585,232 
 16,136  *  Insight Enterprises, Inc   381,939 
 16,183     InterDigital, Inc   808,826 
 9,257  *  Intevac, Inc   60,171 
 31,445  *,e  InvenSense, Inc   464,443 
 13,197  *,e  IPG Photonics Corp   985,024 
 15,658  *  Itron, Inc   582,634 
 22,924  *  Ixia   232,449 
 83,813     Jabil Circuit, Inc   1,727,386 
 92,020  *  JDS Uniphase Corp   1,118,043 
 184,245     Juniper Networks, Inc   4,187,889 
 18,784  *  Kemet Corp   71,379 
 66,318  *  Keysight Technologies, Inc   2,214,358 
 10,284  *  Kimball Electronics, Inc   104,691 
 41,917  *,e  Knowles Corp   889,060 
 5,979  *  KVH Industries, Inc   72,346 
 29,605     Lexmark International, Inc (Class A)   1,181,536 
 8,981     Littelfuse, Inc   886,784 
157

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 11,856  *,e  Maxwell Technologies, Inc  $94,374 
 13,539  *  Mercury Computer Systems, Inc   213,645 
 1,138     Mesa Laboratories, Inc   86,681 
 15,098     Methode Electronics, Inc   546,095 
 83,924     Motorola, Inc   5,237,697 
 6,091     MTS Systems Corp   440,257 
 3,946  *  Multi-Fineline Electronix, Inc   51,337 
 39,442     National Instruments Corp   1,186,415 
 75,273  *  NCR Corp   1,911,934 
 129,980     NetApp, Inc   4,913,244 
 14,600  *  Netgear, Inc   493,042 
 15,808  *  Newport Corp   292,764 
 10,099  *,e  Nimble Storage, Inc   226,521 
 5,940  *  Numerex Corp   62,251 
 38,274  *,e  Oclaro, Inc   54,732 
 7,973  *  OSI Systems, Inc   557,951 
 23,721  *  Palo Alto Networks, Inc   2,998,097 
 8,151     Park Electrochemical Corp   176,958 
 38,779  *,e  Parkervision, Inc   39,555 
 3,831     PC Connection, Inc   90,986 
 16,902     Plantronics, Inc   774,619 
 13,431  *  Plexus Corp   508,901 
 55,882  *  Polycom, Inc   743,231 
 8,174  *,e  Procera Networks, Inc   71,768 
 34,549  *  QLogic Corp   461,575 
 693,911     Qualcomm, Inc   43,341,681 
 89,500  *,e  Quantum Corp   141,410 
 16,011  *,e  RealD, Inc   173,719 
 63,928  *  Riverbed Technology, Inc   1,315,638 
 12,287  *  Rofin-Sinar Technologies, Inc   330,766 
 7,159  *  Rogers Corp   528,764 
 25,574  *  Ruckus Wireless, Inc   270,829 
 90,861     SanDisk Corp   6,897,259 
 32,670  *  Sanmina Corp   691,951 
 11,360  *  Scansource, Inc   391,693 
 24,252  *  ShoreTel, Inc   171,704 
 13,572  *,e  Silicon Graphics International Corp   127,984 
 20,353  *  Speed Commerce, Inc   48,440 
 19,936  *,e  Stratasys Ltd   1,584,713 
 13,654  *  Super Micro Computer, Inc   499,327 
 14,300  *  Synaptics, Inc   1,098,383 
 11,305     SYNNEX Corp   838,718 
 15,228  *  Tech Data Corp   869,519 
 2,797     Tessco Technologies, Inc   63,352 
 114,271  *  Trimble Navigation Ltd   2,724,221 
 21,256  *  TTM Technologies, Inc   147,729 
 18,252  e  Ubiquiti Networks, Inc   479,936 
 16,130  *,e  Universal Display Corp   513,902 
 16,534  *  Viasat, Inc   929,541 
 2,233  *  Viasystems Group, Inc   35,750 
 31,816  *,e  Violin Memory, Inc   122,173 
 55,691     Vishay Intertechnology, Inc   758,511 
158

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 5,516  *  Vishay Precision Group, Inc  $91,786 
 87,774     Western Digital Corp   8,534,266 
 22,735  *  Zebra Technologies Corp (Class A)   1,897,463 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   567,716,297 
             
TELECOMMUNICATION SERVICES - 2.0%     
 34,713  *  8x8, Inc   267,637 
 2,129,091     AT&T, Inc   70,089,676 
 3,536     Atlantic Tele-Network, Inc   234,896 
 9,315  *  Boingo Wireless, Inc   78,712 
 238,370     CenturyTel, Inc   8,860,213 
 80,190  *  Cincinnati Bell, Inc   234,957 
 23,926     Cogent Communications Group, Inc   886,697 
 27,480     Consolidated Communications Holdings, Inc   639,734 
 8,375  *  Fairpoint Communications, Inc   125,290 
 408,467  e  Frontier Communications Corp   2,742,856 
 17,604  *  General Communication, Inc (Class A)   258,427 
 163,976  *,e  Globalstar, Inc   396,822 
 3,994  *  Hawaiian Telcom Holdco, Inc   103,964 
 6,869     IDT Corp (Class B)   146,722 
 30,206  *  inContact, Inc   258,865 
 22,798     Inteliquent, Inc   383,462 
 10,667  *,e  Intelsat S.A.   168,005 
 31,918  *,e  Iridium Communications, Inc   271,622 
 116,935  *  Level 3 Communications, Inc   5,816,347 
 7,188     Lumos Networks Corp   115,224 
 21,201  e  NTELOS Holdings Corp   86,924 
 18,108  *  Orbcomm, Inc   100,680 
 19,090  *  Premiere Global Services, Inc   168,756 
 13,859  *  RingCentral, Inc   187,096 
 53,331  *  SBA Communications Corp (Class A)   6,223,728 
 9,480     Shenandoah Telecom Co   281,651 
 11,864     Spok Holdings, Inc   203,112 
 341,416  *,e  Sprint Corp   1,468,089 
 37,784     Telephone & Data Systems, Inc   878,478 
 111,294     T-Mobile US, Inc   3,358,853 
 5,233     US Cellular Corp   182,056 
 1,699,398     Verizon Communications, Inc   77,679,482 
 67,718  *  Vonage Holdings Corp   284,416 
 265,965     Windstream Holdings, Inc   2,114,422 
 9,725  *  Zayo Group Holdings, Inc   269,869 
       TOTAL TELECOMMUNICATION SERVICES   185,567,740 
             
TRANSPORTATION - 2.5%     
 22,768  *  Air Transport Services Group, Inc   189,657 
 54,256     Alaska Air Group, Inc   3,682,355 
 5,558     Allegiant Travel Co   1,007,499 
 3,092     Amerco, Inc   884,652 
 296,399     American Airlines Group, Inc   14,547,263 
 10,986     Arkansas Best Corp   409,338 
 12,986  *  Atlas Air Worldwide Holdings, Inc   586,967 
 45,316  *  Avis Budget Group, Inc   2,597,060 
159

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 24,190  e  Baltic Trading Ltd  $39,188 
 8,394     Celadon Group, Inc   200,029 
 59,076     CH Robinson Worldwide, Inc   4,207,393 
 23,828     Con-Way, Inc   976,233 
 13,260  e  Copa Holdings S.A. (Class A)   1,425,583 
 414,319     CSX Corp   13,796,823 
 344,688     Delta Air Lines, Inc   16,307,189 
 9,173  *  Echo Global Logistics, Inc   242,167 
 84,924     Expeditors International of Washington, Inc   3,709,480 
 122,048     FedEx Corp   20,639,537 
 12,492     Forward Air Corp   560,891 
 2,632  *  FRP Holdings, Inc   95,278 
 20,993  *  Genesee & Wyoming, Inc (Class A)   1,730,873 
 18,112  *,e  Hawaiian Holdings, Inc   352,097 
 21,551     Heartland Express, Inc   553,645 
 184,974  *  Hertz Global Holdings, Inc   3,795,666 
 14,356  *  Hub Group, Inc (Class A)   479,490 
 1,603     International Shipholding Corp   26,866 
 37,356     J.B. Hunt Transport Services, Inc   2,973,911 
 98,880  *  JetBlue Airways Corp   1,660,195 
 43,909     Kansas City Southern Industries, Inc   4,833,942 
 22,870  *  Kirby Corp   1,657,846 
 24,695     Knight Transportation, Inc   703,561 
 16,334  e  Knightsbridge Tankers Ltd   65,499 
 18,283     Landstar System, Inc   1,171,575 
 9,209     Marten Transport Ltd   188,324 
 17,042     Matson, Inc   592,210 
 35,711     Navios Maritime Holdings, Inc   129,631 
 125,669     Norfolk Southern Corp   12,814,468 
 24,980  *  Old Dominion Freight Line   1,751,598 
 1,099  *  PAM Transportation Services, Inc   63,632 
 3,699     Park-Ohio Holdings Corp   197,638 
 10,927  *  Quality Distribution, Inc   91,131 
 18,858  *  Republic Airways Holdings, Inc   259,486 
 10,363  *  Roadrunner Transportation Services Holdings, Inc   210,576 
 21,193     Ryder System, Inc   1,754,568 
 19,150     Safe Bulkers, Inc   68,748 
 9,670  *  Saia, Inc   407,204 
 59,846  *,e  Scorpio Bulkers, Inc   89,171 
 20,587     Skywest, Inc   258,367 
 281,419     Southwest Airlines Co   12,714,510 
 29,515  *  Spirit Airlines, Inc   2,188,242 
 41,980  *  Swift Transportation Co, Inc   1,031,868 
 152,254  *  UAL Corp   10,561,860 
 6,896  *,e  Ultrapetrol Bahamas Ltd   11,103 
 372,380     Union Pacific Corp   43,646,660 
 291,623     United Parcel Service, Inc (Class B)   28,824,017 
 2,557     Universal Truckload Services, Inc   60,243 
 2,325  *  USA Truck, Inc   64,635 
 36,586  e  UTI Worldwide, Inc   434,276 
 6,205  *,e  Virgin America, Inc   208,116 
 17,944     Werner Enterprises, Inc   511,942 
160

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 21,167  *  Wesco Aircraft Holdings, Inc  $276,018 
 21,445  *,e  XPO Logistics, Inc   788,962 
 14,424  *  YRC Worldwide, Inc   228,765 
       TOTAL TRANSPORTATION   226,537,717 
             
UTILITIES - 3.4%     
 17,065     Abengoa Yield plc   561,780 
 284,519     AES Corp   3,476,822 
 46,760     AGL Resources, Inc   2,636,329 
 17,560     Allete, Inc   994,774 
 44,601     Alliant Energy Corp   3,060,075 
 96,164     Ameren Corp   4,354,306 
 200,641     American Electric Power Co, Inc   12,602,261 
 18,348     American States Water Co   727,315 
 70,963     American Water Works Co, Inc   3,983,863 
 71,938     Aqua America, Inc   1,945,923 
 3,086     Artesian Resources Corp   68,355 
 64,659  e  Atlantic Power Corp   171,346 
 40,888     Atmos Energy Corp   2,326,936 
 23,991     Avista Corp   890,786 
 17,912     Black Hills Corp   898,466 
 19,543     California Water Service Group   479,585 
 168,334  *  Calpine Corp   3,514,814 
 170,832     Centerpoint Energy, Inc   3,944,511 
 5,793     Chesapeake Utilities Corp   282,467 
 24,656     Cleco Corp   1,340,300 
 106,091     CMS Energy Corp   4,002,813 
 4,434     Connecticut Water Service, Inc   159,447 
 116,593     Consolidated Edison, Inc   8,077,563 
 240,434     Dominion Resources, Inc   18,486,970 
 70,459     DTE Energy Co   6,317,354 
 291,602     Duke Energy Corp   25,410,198 
 50,622  *  Dynegy, Inc   1,382,993 
 130,076     Edison International   8,864,679 
 17,179     El Paso Electric Co   688,191 
 21,778     Empire District Electric Co   663,576 
 71,392     Entergy Corp   6,247,514 
 354,602     Exelon Corp   12,779,856 
 169,535     FirstEnergy Corp   6,837,346 
 61,218     Great Plains Energy, Inc   1,810,216 
 41,611     Hawaiian Electric Industries, Inc   1,427,257 
 20,674     Idacorp, Inc   1,403,971 
 32,018     Integrys Energy Group, Inc   2,596,660 
 63,862     ITC Holdings Corp   2,716,689 
 17,510     Laclede Group, Inc   941,338 
 74,813     MDU Resources Group, Inc   1,691,522 
 15,712     MGE Energy, Inc   721,181 
 6,217     Middlesex Water Co   135,966 
 33,648     National Fuel Gas Co   2,134,293 
 17,199     New Jersey Resources Corp   1,098,672 
 179,267     NextEra Energy, Inc   19,583,127 
 125,364     NiSource, Inc   5,423,247 
161

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 131,974     Northeast Utilities  $7,335,115 
 10,943  e  Northwest Natural Gas Co   546,165 
 15,496     NorthWestern Corp   895,049 
 135,343     NRG Energy, Inc   3,337,558 
 14,538  e  NRG Yield, Inc   768,769 
 79,342     OGE Energy Corp   2,791,252 
 20,651     ONE Gas, Inc   912,568 
 6,871  e  Ormat Technologies, Inc   183,799 
 14,601     Otter Tail Corp   451,463 
 19,831     Pattern Energy Group, Inc   579,462 
 100,712     Pepco Holdings, Inc   2,764,544 
 192,377     PG&E Corp   11,313,691 
 31,515     Piedmont Natural Gas Co, Inc   1,257,133 
 45,215     Pinnacle West Capital Corp   3,173,189 
 31,726     PNM Resources, Inc   967,643 
 31,029     Portland General Electric Co   1,231,851 
 265,923     PPL Corp   9,440,266 
 202,176     Public Service Enterprise Group, Inc   8,628,872 
 71,434     Questar Corp   1,853,712 
 56,043     SCANA Corp   3,573,862 
 97,160     Sempra Energy   10,874,147 
 6,388     SJW Corp   215,723 
 13,180     South Jersey Industries, Inc   767,735 
 368,455     Southern Co   18,688,038 
 18,509     Southwest Gas Corp   1,137,563 
 95,137     TECO Energy, Inc   2,029,272 
 8,882     TerraForm Power, Inc   289,020 
 68,010     UGI Corp   2,515,690 
 23,623     UIL Holdings Corp   1,086,658 
 6,713     Unitil Corp   250,798 
 33,919     Vectren Corp   1,625,398 
 51,005     Westar Energy, Inc   2,178,934 
 20,634     WGL Holdings, Inc   1,165,821 
 89,684  e  Wisconsin Energy Corp   5,001,677 
 202,092     Xcel Energy, Inc   7,584,513 
 4,886     York Water Co   115,652 
       TOTAL UTILITIES   307,396,255 
             
       TOTAL COMMON STOCKS   9,059,011,980 
       (Cost $6,089,480,870)     
             
RIGHTS / WARRANTS - 0.0%     
              
CONSUMER SERVICES - 0.0%     
 1,176  e,m  Empire Resorts, Inc   0 
 189  m  Providence Service Corp   0 
       TOTAL CONSUMER SERVICES   0 
             
ENERGY - 0.0%     
 7,432  e,m  Magnum Hunter Resources Corp   0 
       TOTAL ENERGY   0 
162

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%     
 12,340  e,m  Trius Therapeutics, Inc  $1,604 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   1,604 
             
TELECOMMUNICATION SERVICES - 0.0%     
 19,784  m  Leap Wireless International, Inc   49,856 
       TOTAL TELECOMMUNICATION SERVICES   49,856 
             
       TOTAL RIGHTS / WARRANTS   51,460 
       (Cost $49,856)     
             
SHORT-TERM INVESTMENTS - 2.7%     
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.7%     
 246,884,344  a,c  TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		   246,884,344 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   246,884,344 
       TOTAL SHORT-TERM INVESTMENTS   246,884,344 
       (Cost $246,884,344)     
             
       TOTAL INVESTMENTS - 102.4%   9,305,947,784 
       (Cost $6,336,415,070)     
       OTHER ASSETS & LIABILITIES, NET - (2.4)%   (220,246,983)
       NET ASSETS - 100.0%  $9,085,700,801 
       
     
    Abbreviation(s):
    ETF      Exchange Traded Fund
    REIT Real Estate Investment Trust
    SPDR Standard & Poor’s Depository Receipts

 

 

 

*   Non-income producing.
a   Affiliated holding.
c   Investments made with cash collateral received from securities on loan.
d   All or a portion of these securities have been segregated to cover margin requirements on open futures transactions.
e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $236,828,514.
m   Indicates a security that has been deemed illiquid.
163

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

TIAA-CREF FUNDS

LARGE-CAP GROWTH INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

SHARES     COMPANY  VALUE 
           
COMMON STOCKS - 99.8%
              
AUTOMOBILES & COMPONENTS - 0.7%
 45,873     BorgWarner, Inc  $2,477,601 
 36,369     Gentex Corp   606,999 
 55,528     Goodyear Tire & Rubber Co   1,345,999 
 43,892     Harley-Davidson, Inc   2,708,136 
 35,292     Johnson Controls, Inc   1,640,019 
 12,778     Lear Corp   1,282,272 
 19,233  *,e  Tesla Motors, Inc   3,915,839 
 9,123     Thor Industries, Inc   514,081 
       TOTAL AUTOMOBILES & COMPONENTS   14,490,946 
              
BANKS - 0.1%
 5,175  *,e  Nationstar Mortgage Holdings, Inc   133,049 
 20,447  *,e  Ocwen Financial Corp   125,136 
 9,056  *  Signature Bank   1,060,729 
 724  *  SVB Financial Group   81,740 
       TOTAL BANKS   1,400,654 
              
CAPITAL GOODS - 7.5%
 131,608     3M Co   21,359,978 
 6,227     A.O. Smith Corp   369,946 
 8,556     Acuity Brands, Inc   1,282,459 
 1,129     Air Lease Corp   39,447 
 19,053     Allegion plc   1,029,053 
 27,334     Allison Transmission Holdings, Inc   856,101 
 48,389     Ametek, Inc   2,317,833 
 9,571  *  Armstrong World Industries, Inc   485,250 
 21,009  *  BE Aerospace, Inc   1,225,455 
 145,953     Boeing Co   21,217,188 
 26,433     Caterpillar, Inc   2,113,847 
 19,882  e  Chicago Bridge & Iron Co NV   686,128 
 18,780  *  Colfax Corp   850,922 
 3,389     Crane Co   206,560 
 36,883     Cummins, Inc   5,143,703 
 28,692     Danaher Corp   2,363,647 
 15,742     Deere & Co   1,341,061 
 27,226     Donaldson Co, Inc   995,383 
 24,654     Dover Corp   1,726,766 
 105,978     Emerson Electric Co   6,034,387 
 60,210  e  Fastenal Co   2,673,324 
 27,832     Flowserve Corp   1,516,566 
 19,677     Fluor Corp   1,054,490 
 13,855     Fortune Brands Home & Security, Inc   620,566 
 12,210     Graco, Inc   869,840 
 20,335  *  HD Supply Holdings, Inc   586,258 
164

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 20,249     Hexcel Corp  $895,613 
 157,635     Honeywell International, Inc   15,410,398 
 1,956     Hubbell, Inc (Class B)   207,414 
 8,133     Huntington Ingalls   948,308 
 14,297     IDEX Corp   1,034,388 
 64,958     Illinois Tool Works, Inc   6,046,940 
 4,424     Ingersoll-Rand plc   293,754 
 5,107     ITT Corp   182,882 
 10,138  *  KLX, Inc   398,525 
 10,153     Lennox International, Inc   998,141 
 5,912     Lincoln Electric Holdings, Inc   401,484 
 54,623     Lockheed Martin Corp   10,289,334 
 29,084     Manitowoc Co, Inc   543,871 
 72,110     Masco Corp   1,791,212 
 11,359  *  Middleby Corp   1,079,332 
 9,346  *  MRC Global, Inc   101,030 
 9,135     MSC Industrial Direct Co (Class A)   685,764 
 1,890  *,e  Navistar International Corp   55,604 
 12,528     Nordson Corp   912,790 
 1,656  *,e  NOW, Inc   41,317 
 64,636     Paccar, Inc   3,885,270 
 21,754     Pall Corp   2,104,917 
 15,860     Parker Hannifin Corp   1,847,056 
 2,890  e  Pentair plc   178,631 
 29,270     Precision Castparts Corp   5,856,927 
 10,594  *  Quanta Services, Inc   280,529 
 27,540     Rockwell Automation, Inc   2,999,657 
 24,100     Rockwell Collins, Inc   2,063,442 
 8,993     Roper Industries, Inc   1,387,980 
 1,590     Snap-On, Inc   211,009 
 8,563  *,e  SolarCity Corp   416,247 
 22,305  *  Spirit Aerosystems Holdings, Inc (Class A)   1,004,617 
 3,496     Stanley Works   327,400 
 1,017     Timken Co   38,656 
 11,351     Toro Co   736,793 
 10,705     TransDigm Group, Inc   2,200,199 
 24,292     Trinity Industries, Inc   643,009 
 2,769     Triumph Group, Inc   157,999 
 19,745  *  United Rentals, Inc   1,635,873 
 20,712     United Technologies Corp   2,377,323 
 18,406  *  USG Corp   560,463 
 535  e  Valmont Industries, Inc   64,264 
 228  *  Veritiv Corp   11,598 
 11,769     W.W. Grainger, Inc   2,775,601 
 10,965  *  WABCO Holdings, Inc   1,043,539 
 19,530     Westinghouse Air Brake Technologies Corp   1,629,779 
 26,727     Xylem, Inc   911,391 
       TOTAL CAPITAL GOODS   158,634,428 
              
COMMERCIAL & PROFESSIONAL SERVICES - 0.9%
 15,735     Cintas Corp   1,238,345 
 8,955  *,e  Clean Harbors, Inc   423,751 
165

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 22,344  *  Copart, Inc  $817,790 
 8,678     Covanta Holding Corp   177,378 
 2,528     Dun & Bradstreet Corp   290,998 
 12,533     Equifax, Inc   1,058,537 
 13,686  *  IHS, Inc (Class A)   1,575,669 
 11,042     KAR Auction Services, Inc   376,643 
 41,722     Nielsen Holdings NV   1,817,410 
 20,078     Pitney Bowes, Inc   481,470 
 3,632     R.R. Donnelley & Sons Co   59,819 
 27,157     Robert Half International, Inc   1,576,735 
 13,727     Rollins, Inc   453,677 
 17,103  *  Stericycle, Inc   2,245,453 
 75,958     Tyco International plc   3,099,846 
 33,907  *  Verisk Analytics, Inc   2,181,916 
 14,534     Waste Connections, Inc   628,160 
 10,250     Waste Management, Inc   527,158 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   19,030,755 
              
CONSUMER DURABLES & APPAREL - 2.1%
 10,616     Carter’s, Inc   865,098 
 54,728     Coach, Inc   2,035,334 
 7,359  *  Deckers Outdoor Corp   486,062 
 5,926     DR Horton, Inc   145,306 
 9,168  *  Fossil Group, Inc   896,630 
 2,852  *,e  GoPro, Inc   141,887 
 19,825     Hanesbrands, Inc   2,208,109 
 13,650     Harman International Industries, Inc   1,769,450 
 18,947  e  Hasbro, Inc   1,040,569 
 11,636  *  Jarden Corp   558,761 
 25,420  *  Kate Spade & Co   801,493 
 13,742     Leggett & Platt, Inc   585,821 
 2,732     Lennar Corp (Class A)   122,694 
 25,377     Mattel, Inc   682,641 
 40,712  *  Michael Kors Holdings Ltd   2,882,003 
 32,505     Newell Rubbermaid, Inc   1,198,459 
 140,675     Nike, Inc (Class B)   12,977,269 
 865  *  NVR, Inc   1,084,909 
 14,389     Phillips-Van Heusen Corp   1,586,531 
 13,111     Polaris Industries, Inc   1,895,720 
 8,870     Ralph Lauren Corp   1,480,314 
 12,119  *  Tempur-Pedic International, Inc   666,909 
 9,843     Tupperware Corp   665,485 
 34,781  *  Under Armour, Inc (Class A)   2,507,014 
 68,868     VF Corp   4,777,373 
 1,379     Whirlpool Corp   274,531 
       TOTAL CONSUMER DURABLES & APPAREL   44,336,372 
              
CONSUMER SERVICES - 3.1%
 6,767     ARAMARK Holdings Corp   211,942 
 13,146     Brinker International, Inc   768,121 
 6,299  *  Chipotle Mexican Grill, Inc (Class A)   4,471,282 
 1,017     Choice Hotels International, Inc   58,427 
166

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 11,598     Domino’s Pizza, Inc  $1,148,782 
 20,352     Dunkin Brands Group, Inc   962,853 
 55,290     H&R Block, Inc   1,895,341 
 27,018  *  Hilton Worldwide Holdings, Inc   701,658 
 1,171  *  Hyatt Hotels Corp   65,881 
 75,484     Las Vegas Sands Corp   4,104,065 
 38,471     Marriott International, Inc (Class A)   2,866,090 
 198,903     McDonald’s Corp   18,386,593 
 6,519  *  MGM Mirage   126,990 
 17,445  *  Norwegian Cruise Line Holdings Ltd   763,393 
 5,065  *  Panera Bread Co (Class A)   870,471 
 40,125  *  Restaurant Brands International, Inc   1,552,035 
 15,936     SeaWorld Entertainment, Inc   279,039 
 32,640     Service Corp International   738,643 
 5,772  *  ServiceMaster Global Holdings, Inc   163,117 
 14,577     Six Flags Entertainment Corp   626,228 
 150,926     Starbucks Corp   13,210,553 
 16,362     Starwood Hotels & Resorts Worldwide, Inc   1,177,573 
 24,998     Wyndham Worldwide Corp   2,094,582 
 16,214     Wynn Resorts Ltd   2,398,861 
 88,592     Yum! Brands, Inc   6,403,430 
       TOTAL CONSUMER SERVICES   66,045,950 
              
DIVERSIFIED FINANCIALS - 2.7%
 11,161  *  Affiliated Managers Group, Inc   2,293,809 
 48,103  *  Ally Financial, Inc   900,007 
 181,774     American Express Co   14,667,344 
 13,153     Ameriprise Financial, Inc   1,643,336 
 5,757     Artisan Partners Asset Management, Inc   277,890 
 9,752     BlackRock, Inc   3,320,654 
 17,474     CBOE Holdings, Inc   1,126,549 
 36,306     Charles Schwab Corp   943,230 
 24,281     Eaton Vance Corp   977,310 
 13,639  e  Federated Investors, Inc (Class B)   431,129 
 65,568     Franklin Resources, Inc   3,378,719 
 9,802     IntercontinentalExchange Group, Inc   2,016,565 
 12,333     Invesco Ltd   452,991 
 50,015     iShares Russell 1000 Growth Index Fund   4,711,913 
 23,911     Lazard Ltd (Class A)   1,095,124 
 8,689     Legg Mason, Inc   481,718 
 10,764     Leucadia National Corp   244,020 
 16,735     LPL Financial Holdings, Inc   688,645 
 54,727     McGraw-Hill Financial, Inc   4,894,783 
 37,754     Moody’s Corp   3,448,073 
 10,325     MSCI, Inc (Class A)   555,692 
 6,755     NorthStar Asset Management Group, Inc   143,003 
 1,027     Santander Consumer USA Holdings, Inc   18,332 
 25,592     SEI Investments Co   1,028,031 
 30,129     SLM Corp   274,475 
 18,757  *  Synchrony Financial   578,841 
 52,789     T Rowe Price Group, Inc   4,155,550 
 47,062     TD Ameritrade Holding Corp   1,524,338 
167

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 16,831     Waddell & Reed Financial, Inc (Class A)  $752,514 
       TOTAL DIVERSIFIED FINANCIALS   57,024,585 
             
ENERGY - 4.4%
 7,078     Anadarko Petroleum Corp   578,626 
 10,626  *,e  Antero Resources Corp   368,191 
 2,983     Atwood Oceanics, Inc   85,254 
 7,000     Baker Hughes, Inc   405,930 
 83,005     Cabot Oil & Gas Corp   2,199,632 
 26,043  *  Cameron International Corp   1,166,206 
 47,801  *  Cheniere Energy, Inc   3,412,035 
 24,370     Chesapeake Energy Corp   467,417 
 2,098     Cimarex Energy Co   216,514 
 65,884  *  Cobalt International Energy, Inc   600,862 
 22,698  *  Concho Resources, Inc   2,516,073 
 17,461  *,e  Continental Resources, Inc   792,729 
 1,452  e  CVR Energy, Inc   55,641 
 15,735  *  Dresser-Rand Group, Inc   1,260,059 
 8,617  *  Dril-Quip, Inc   639,640 
 109,623     EOG Resources, Inc   9,759,736 
 27,306     EQT Corp   2,032,659 
 46,561  *  FMC Technologies, Inc   1,745,106 
 834     Frank’s International NV   13,653 
 14,820  *  Gulfport Energy Corp   570,422 
 169,566     Halliburton Co   6,780,944 
 12,841     Helmerich & Payne, Inc   764,810 
 7,295     Holly Corp   262,036 
 75,268     Kinder Morgan, Inc   3,089,751 
 21,279  *  Kosmos Energy LLC   186,617 
 13,774  *,e  Laredo Petroleum Holdings, Inc   135,123 
 37,240     Marathon Petroleum Corp   3,448,052 
 6,131  *  Memorial Resource Development Corp   117,409 
 7,723     Nabors Industries Ltd   88,892 
 6,957     National Oilwell Varco, Inc   378,669 
 51,145     Noble Energy, Inc   2,441,662 
 21,432  *  Oasis Petroleum, Inc   288,046 
 21,570     Oceaneering International, Inc   1,129,405 
 21,576     Oneok, Inc   949,991 
 14,991     Patterson-UTI Energy, Inc   257,246 
 5,037     PBF Energy, Inc   141,540 
 46,515     Phillips 66   3,270,935 
 28,701     Pioneer Natural Resources Co   4,320,361 
 5,360     Questar Market Resources, Inc   108,379 
 32,923     Range Resources Corp   1,523,347 
 10,115  *  Rice Energy, Inc   172,764 
 12,215     RPC, Inc   152,321 
 261,003     Schlumberger Ltd   21,504,037 
 21,872  e  Seadrill Ltd   234,905 
 2,926  *  Seventy Seven Energy, Inc   11,558 
 76,769  *  Southwestern Energy Co   1,903,103 
 13,821     St. Mary Land & Exploration Co   522,710 
 2,947     Superior Energy Services   58,940 
168

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 7,455  e  Targa Resources Investments, Inc  $647,318 
 4,151     Teekay Corp   175,712 
 11,235     Tesoro Corp   918,237 
 10,353  *,e  Ultra Petroleum Corp   132,001 
 1,447  *  Unit Corp   43,092 
 25,092     Valero Energy Corp   1,326,865 
 12,387  *  Whiting Petroleum Corp   371,858 
 149,905     Williams Cos, Inc   6,574,833 
 4,000     World Fuel Services Corp   195,880 
       TOTAL ENERGY   93,515,734 
              
FOOD & STAPLES RETAILING - 1.9%
 83,143     Costco Wholesale Corp   11,888,618 
 32,790     CVS Corp   3,218,666 
 102,192     Kroger Co   7,056,358 
 134,652  *  Rite Aid Corp   939,871 
 19,368  *,e  Sprouts Farmers Market, Inc   705,189 
 44,497     Sysco Corp   1,742,948 
 143,878     Walgreens Boots Alliance, Inc   10,611,002 
 32,331     Wal-Mart Stores, Inc   2,747,488 
 31,809     Whole Foods Market, Inc   1,657,090 
       TOTAL FOOD & STAPLES RETAILING   40,567,230 
              
FOOD, BEVERAGE & TOBACCO - 7.3%
 378,034     Altria Group, Inc   20,073,605 
 12,516     Archer Daniels Midland Co   583,621 
 31,210     Brown-Forman Corp (Class B)   2,773,633 
 22,877     Campbell Soup Co   1,046,394 
 798,105     Coca-Cola Co   32,857,983 
 49,850     Coca-Cola Enterprises, Inc   2,098,685 
 29,856  *  Constellation Brands, Inc (Class A)   3,297,595 
 39,157     Dr Pepper Snapple Group, Inc   3,025,661 
 32,935     Flowers Foods, Inc   644,209 
 123,271     General Mills, Inc   6,469,262 
 18,076  *  Hain Celestial Group, Inc   953,871 
 30,266     Hershey Co   3,093,488 
 26,445     Hormel Foods Corp   1,354,513 
 1,988     Ingredion, Inc   160,312 
 47,010     Kellogg Co   3,082,916 
 28,398     Keurig Green Mountain, Inc   3,480,459 
 119,397     Kraft Foods Group, Inc   7,801,400 
 72,727     Lorillard, Inc   4,771,618 
 26,421     McCormick & Co, Inc   1,886,195 
 40,336     Mead Johnson Nutrition Co   3,972,693 
 28,876  *  Monster Beverage Corp   3,377,048 
 304,792     PepsiCo, Inc   28,583,394 
 185,244     Philip Morris International, Inc   14,863,979 
 1,481  e  Pilgrim’s Pride Corp   40,209 
 46,431     Reynolds American, Inc   3,154,986 
 3,529     Tyson Foods, Inc (Class A)   137,772 
 34,715  *  WhiteWave Foods Co (Class A)   1,144,554 
       TOTAL FOOD, BEVERAGE & TOBACCO   154,730,055 
169

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
HEALTH CARE EQUIPMENT & SERVICES - 3.9%
 21,277     Aetna, Inc  $1,953,654 
 15,904  *  Align Technology, Inc   843,707 
 11,524  *  Allscripts Healthcare Solutions, Inc   137,251 
 45,782     AmerisourceBergen Corp   4,351,579 
 7,526  *,e  athenahealth, Inc   1,051,457 
 15,044     Bard (C.R.), Inc   2,572,975 
 108,344     Baxter International, Inc   7,617,667 
 38,602     Becton Dickinson & Co   5,330,164 
 26,753  *  Boston Scientific Corp   396,212 
 34,001  *  Brookdale Senior Living, Inc   1,147,534 
 5,397     Cardinal Health, Inc   448,976 
 41,927  *  Catamaran Corp   2,092,577 
 11,425  *  Centene Corp   1,247,153 
 60,173  *  Cerner Corp   3,992,479 
 4,583     Cigna Corp   489,602 
 7,320     Cooper Cos, Inc   1,153,998 
 12,211  *  DaVita, Inc   916,558 
 8,458     Dentsply International, Inc   423,111 
 21,209  *  Edwards Lifesciences Corp   2,658,548 
 15,304  *  Envision Healthcare Holdings, Inc   526,152 
 127,411  *  Express Scripts Holding Co   10,283,342 
 8,702  *  Halyard Health, Inc   387,848 
 6,661  *  HCA Holdings, Inc   471,599 
 17,225  *  Henry Schein, Inc   2,378,256 
 665     Hill-Rom Holdings, Inc   31,760 
 15,606  *  Hologic, Inc   473,876 
 9,796  *  Idexx Laboratories, Inc   1,551,882 
 15,009  *  IMS Health Holdings, Inc   369,372 
 6,732  *  Intuitive Surgical, Inc   3,328,839 
 7,027  *  Laboratory Corp of America Holdings   806,559 
 46,049     McKesson Corp   9,792,320 
 2,383     Patterson Cos, Inc   119,364 
 13,059  *  Pediatrix Medical Group, Inc   886,576 
 7,274  *  Premier, Inc   236,405 
 28,142  e  Resmed, Inc   1,758,031 
 7,547  *  Sirona Dental Systems, Inc   680,890 
 36,730     St. Jude Medical, Inc   2,419,405 
 40,216     Stryker Corp   3,661,667 
 19,593  *  Tenet Healthcare Corp   828,392 
 3,783     Universal Health Services, Inc (Class B)   387,871 
 21,083  *  Varian Medical Systems, Inc   1,951,442 
 8,965  *,e  Veeva Systems, Inc   257,833 
 2,866     Zimmer Holdings, Inc   321,279 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   82,736,162 
              
HOUSEHOLD & PERSONAL PRODUCTS - 1.4%
 33,919     Avon Products, Inc   262,533 
 26,774     Church & Dwight Co, Inc   2,166,552 
 21,794     Clorox Co   2,325,638 
 164,029     Colgate-Palmolive Co   11,075,238 
170

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 9,897     Coty, Inc  $188,241 
 46,632     Estee Lauder Cos (Class A)   3,291,753 
 14,962  e  Herbalife Ltd   456,042 
 63,091     Kimberly-Clark Corp   6,811,304 
 11,890  e  Nu Skin Enterprises, Inc (Class A)   487,252 
 31,456     Procter & Gamble Co   2,651,426 
 4,261     Spectrum Brands, Inc   382,127 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   30,098,106 
              
INSURANCE - 0.5%
 2,408     American Financial Group, Inc   139,760 
 46,198     Aon plc   4,160,130 
 30,440     Arthur J. Gallagher & Co   1,352,449 
 2,245     Brown & Brown, Inc   69,258 
 5,157     Erie Indemnity Co (Class A)   446,906 
 74,463     Marsh & McLennan Cos, Inc   4,003,875 
 3,980     Reinsurance Group of America, Inc (Class A)   329,584 
       TOTAL INSURANCE   10,501,962 
              
MATERIALS - 4.0%
 15,087     Airgas, Inc   1,699,400 
 6,804     Albemarle Corp   328,361 
 3,283     Aptargroup, Inc   207,190 
 5,697     Avery Dennison Corp   297,782 
 6,316  *  Axalta Coating Systems Ltd   162,132 
 28,006     Ball Corp   1,773,620 
 731     Cabot Corp   31,002 
 570     Carpenter Technology Corp   21,626 
 2,633     Celanese Corp (Series A)   141,550 
 6,590     Compass Minerals International, Inc   575,966 
 28,043  *  Crown Holdings, Inc   1,242,585 
 1,530     Cytec Industries, Inc   73,425 
 38,119     Dow Chemical Co   1,721,454 
 173,840     Du Pont (E.I.) de Nemours & Co   12,379,147 
 9,842     Eagle Materials, Inc   700,947 
 27,237     Eastman Chemical Co   1,930,831 
 53,487     Ecolab, Inc   5,550,346 
 26,191     FMC Corp   1,505,983 
 28,322     Huntsman Corp   621,951 
 16,005     International Flavors & Fragrances, Inc   1,698,291 
 12,914     International Paper Co   680,051 
 84,141     LyondellBasell Industries AF S.C.A   6,654,712 
 12,534     Martin Marietta Materials, Inc   1,350,413 
 97,443     Monsanto Co   11,496,325 
 1,811     NewMarket Corp   814,352 
 19,509  *  Owens-Illinois, Inc   455,535 
 19,287     Packaging Corp of America   1,462,919 
 18,624  *  Platform Specialty Products Corp   391,104 
 27,622     PPG Industries, Inc   6,156,391 
 58,862     Praxair, Inc   7,098,169 
 895  e  Rayonier Advanced Materials, Inc   15,322 
 24,583     RPM International, Inc   1,176,542 
171

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 8,634     Scotts Miracle-Gro Co (Class A)  $547,655 
 42,948     Sealed Air Corp   1,739,394 
 17,441     Sherwin-Williams Co   4,731,220 
 11,229     Sigma-Aldrich Corp   1,544,212 
 8,597     Silgan Holdings, Inc   441,972 
 29,146  e  Southern Copper Corp (NY)   795,103 
 2,484     Tahoe Resources, Inc   33,907 
 464     TimkenSteel Corp   12,528 
 16,731     Valspar Corp   1,395,867 
 6,982     Westlake Chemical Corp   400,138 
 13,133  *  WR Grace & Co   1,138,368 
       TOTAL MATERIALS   83,195,788 
              
MEDIA - 5.1%
 11,851  *  AMC Networks, Inc   790,462 
 40,727  e  Cablevision Systems Corp (Class A)   770,555 
 95,179     CBS Corp (Class B)   5,216,761 
 15,847  *  Charter Communications, Inc   2,394,719 
 22,538     Cinemark Holdings, Inc   837,738 
 3,828     Clear Channel Outdoor Holdings, Inc (Class A)   34,643 
 474,471     Comcast Corp (Class A)   25,215,761 
 93,825  *  DIRECTV   8,001,396 
 45,826  *  Discovery Communications, Inc (Class A)   1,328,267 
 46,614  *  Discovery Communications, Inc (Class C)   1,299,598 
 31,123  *  DISH Network Corp (Class A)   2,189,503 
 83,900     Interpublic Group of Cos, Inc   1,672,966 
 15,965     Lions Gate Entertainment Corp   458,675 
 14,707  *  Live Nation, Inc   349,585 
 4,143     Morningstar, Inc   275,882 
 51,816     Omnicom Group, Inc   3,772,205 
 4,932  e  Regal Entertainment Group (Class A)   104,361 
 21,793     Scripps Networks Interactive (Class A)   1,549,264 
 515,550  *  Sirius XM Holdings, Inc   1,830,203 
 17,571  *  Starz-Liberty Capital   518,696 
 55,955     Time Warner Cable, Inc   7,617,154 
 281,602     Twenty-First Century Fox, Inc   9,337,922 
 86,283     Viacom, Inc (Class B)   5,558,351 
 291,244     Walt Disney Co   26,491,554 
       TOTAL MEDIA   107,616,221 
              
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 10.7%
 319,885     AbbVie, Inc   19,305,060 
 50,935  *  Actavis plc   13,576,215 
 9,481     Agilent Technologies, Inc   358,097 
 39,510  *  Alexion Pharmaceuticals, Inc   7,239,812 
 24,726  *  Alkermes plc   1,786,454 
 59,924     Allergan, Inc   13,138,936 
 11,339  *  Alnylam Pharmaceuticals, Inc   1,063,938 
 144,340     Amgen, Inc   21,977,208 
 47,738  *  Biogen Idec, Inc   18,577,720 
 31,387  *  BioMarin Pharmaceuticals, Inc   3,049,561 
 3,949     Bio-Techne Corp   367,336 
172

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 119,454     Bristol-Myers Squibb Co  $7,199,493 
 22,891  *  Bruker BioSciences Corp   431,724 
 161,118  *  Celgene Corp   19,198,821 
 4,732  *  Charles River Laboratories International, Inc   328,164 
 10,696  *  Covance, Inc   1,136,022 
 32,672  *  Endo International plc   2,601,018 
 307,916  *  Gilead Sciences, Inc   32,278,834 
 27,961  *  Illumina, Inc   5,457,708 
 28,922  *  Incyte Corp   2,305,373 
 2,573  *,e  Intercept Pharmaceuticals, Inc   517,250 
 12,049  *  Jazz Pharmaceuticals plc   2,040,378 
 89,144     Johnson & Johnson   8,926,880 
 16,352  *  Mallinckrodt plc   1,733,148 
 15,244  *  Medivation, Inc   1,658,852 
 82,419     Merck & Co, Inc   4,968,217 
 5,957  *  Mettler-Toledo International, Inc   1,810,630 
 74,965  *  Mylan Laboratories, Inc   3,984,390 
 13,120  *,e  Myriad Genetics, Inc   490,950 
 3,789  *  PerkinElmer, Inc   173,195 
 6,188     Perrigo Co plc   938,967 
 12,136  *  Pharmacyclics, Inc   2,047,950 
 5,757  *  Quintiles Transnational Holdings, Inc   348,299 
 15,817  *  Regeneron Pharmaceuticals, Inc   6,590,311 
 12,702  *  Salix Pharmaceuticals Ltd   1,710,578 
 20,716  *,e  Seattle Genetics, Inc   645,511 
 32,098     Thermo Electron Corp   4,018,991 
 9,704  *  United Therapeutics Corp   1,369,526 
 47,539  *  Vertex Pharmaceuticals, Inc   5,235,945 
 2,941  *,e  VWR Corp   71,055 
 16,415  *  Waters Corp   1,954,206 
 100,611     Zoetis Inc   4,299,108 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   226,911,831 
              
REAL ESTATE - 2.3%
 79,231     American Tower Corp   7,681,445 
 16,258     Apartment Investment & Management Co (Class A)   648,044 
 3,595     Boston Properties, Inc   498,986 
 55,984  *  CBRE Group, Inc   1,810,523 
 3,598     Columbia Property Trust, Inc   88,043 
 67,091     Crown Castle International Corp   5,804,042 
 11,950     Equity Lifestyle Properties, Inc   654,023 
 23,374     Extra Space Storage, Inc   1,542,684 
 9,135     Federal Realty Investment Trust   1,313,339 
 3,502     Gaming and Leisure Properties, Inc   114,270 
 34,601     Health Care REIT, Inc   2,835,552 
 2,438     Healthcare Trust of America, Inc   71,823 
 3,862  *  Howard Hughes Corp   504,493 
 33,358     Iron Mountain, Inc   1,328,983 
 2,283     Jones Lang LaSalle, Inc   335,784 
 15,437     Lamar Advertising Co   864,781 
 9,588     NorthStar Realty Finance Corp   181,309 
 9,395     Omega Healthcare Investors, Inc   412,065 
173

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 1,725     Outfront Media, Inc  $48,904 
 16,770     Plum Creek Timber Co, Inc   746,600 
 26,819     Public Storage, Inc   5,386,328 
 2,685     Rayonier, Inc   78,805 
 12,142  *  Realogy Holdings Corp   564,603 
 46,485     Simon Property Group, Inc   9,234,710 
 12,712     Tanger Factory Outlet Centers, Inc   500,217 
 11,571     Taubman Centers, Inc   948,243 
 4,254  *  Urban Edge Properties   100,990 
 27,517     Ventas, Inc   2,196,132 
 8,509     Vornado Realty Trust   939,734 
 10,916     Weyerhaeuser Co   391,339 
 4,400     WP GLIMCHER, Inc   77,792 
       TOTAL REAL ESTATE   47,904,586 
              
RETAILING - 7.4%
 2,081     Aaron’s, Inc   65,884 
 3,457  e  Abercrombie & Fitch Co (Class A)   88,223 
 14,913     Advance Auto Parts, Inc   2,371,167 
 75,534  *  Amazon.com, Inc   26,779,069 
 14,281  *  Autonation, Inc   851,433 
 6,539  *  AutoZone, Inc   3,903,521 
 16,089  *  Bed Bath & Beyond, Inc   1,202,975 
 17,306     Best Buy Co, Inc   609,171 
 3,405     Big Lots, Inc   156,324 
 1,044  *,e  Cabela’s, Inc   57,368 
 30,341  *  Carmax, Inc   1,884,176 
 12,028     Chico’s FAS, Inc   200,627 
 13,796     CST Brands, Inc   594,608 
 4,164     Dick’s Sporting Goods, Inc   215,071 
 3,344     Dillard’s, Inc (Class A)   379,878 
 47,985  *  Dollar General Corp   3,217,874 
 41,701  *  Dollar Tree, Inc   2,964,941 
 20,544     Expedia, Inc   1,765,346 
 18,202     Family Dollar Stores, Inc   1,385,172 
 4,094     Foot Locker, Inc   217,883 
 1,063  e  GameStop Corp (Class A)   37,471 
 50,282     Gap, Inc   2,071,116 
 28,752     Genuine Parts Co   2,672,211 
 18,108     GNC Holdings, Inc   802,909 
 93,843  *  Groupon, Inc   671,916 
 274,958     Home Depot, Inc   28,711,114 
 2,291     Kohl’s Corp   136,818 
 17,213     L Brands, Inc   1,456,736 
 48,497  *  Liberty Interactive Corp   1,326,878 
 14,275  *  Liberty TripAdvisor Holdings, Inc   341,743 
 28,210  *  Liberty Ventures   1,053,643 
 60,175  *  LKQ Corp   1,553,117 
 204,285     Lowe’s Companies, Inc   13,842,352 
 55,553     Macy’s, Inc   3,548,726 
 5,224  *  Michaels Cos, Inc   134,779 
 4,273  *  Murphy USA, Inc   298,298 
174

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 12,050  *  NetFlix, Inc  $5,323,690 
 27,799     Nordstrom, Inc   2,118,284 
 21,189  *  O’Reilly Automotive, Inc   3,969,971 
 3,503     Penske Auto Group, Inc   169,370 
 19,591     Petsmart, Inc   1,600,683 
 10,397  *  Priceline.com, Inc   10,495,564 
 42,410     Ross Stores, Inc   3,889,421 
 23,284  *  Sally Beauty Holdings, Inc   723,667 
 5,320  *,e  Sears Holdings Corp   169,389 
 10,919     Signet Jewelers Ltd   1,322,400 
 12,840     Target Corp   945,152 
 22,626     Tiffany & Co   1,960,317 
 140,545     TJX Companies, Inc   9,267,537 
 27,901     Tractor Supply Co   2,264,724 
 22,172  *  TripAdvisor, Inc   1,485,746 
 12,906  *  Ulta Salon Cosmetics & Fragrance, Inc   1,702,818 
 16,525  *  Urban Outfitters, Inc   576,061 
 18,730     Williams-Sonoma, Inc   1,465,622 
 3,437  *,e  zulily, Inc   63,584 
       TOTAL RETAILING   157,084,538 
              
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.3%
 127,032  *,e  Advanced Micro Devices, Inc   326,472 
 22,851     Altera Corp   752,369 
 28,052     Analog Devices, Inc   1,461,650 
 162,455     Applied Materials, Inc   3,710,472 
 85,986  *  Atmel Corp   716,263 
 50,309     Avago Technologies Ltd   5,175,790 
 13,704  *,e  Cree, Inc   484,574 
 19,790  *,e  Freescale Semiconductor Holdings Ltd   635,061 
 84,507     Intel Corp   2,792,111 
 30,202     Kla-Tencor Corp   1,856,517 
 8,591     Lam Research Corp   656,696 
 48,193     Linear Technology Corp   2,165,794 
 52,300     Maxim Integrated Products, Inc   1,730,607 
 39,692  e  Microchip Technology, Inc   1,790,109 
 188,899  *  Micron Technology, Inc   5,528,129 
 17,606     Nvidia Corp   338,123 
 46,688  *  ON Semiconductor Corp   467,347 
 38,402     Skyworks Solutions, Inc   3,189,286 
 17,643  *  SunEdison, Inc   330,454 
 1,615  *,e  SunPower Corp   38,954 
 4,481     Teradyne, Inc   81,106 
 216,446     Texas Instruments, Inc   11,569,038 
 53,369     Xilinx, Inc   2,058,709 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   47,855,631 
              
SOFTWARE & SERVICES - 17.0%
 127,046     Accenture plc   10,675,675 
 64,625     Activision Blizzard, Inc   1,350,339 
 100,040  *  Adobe Systems, Inc   7,015,805 
 35,651  *  Akamai Technologies, Inc   2,073,284 
175

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 11,771  *  Alliance Data Systems Corp  $3,399,818 
 4,716  *  Ansys, Inc   380,440 
 36,148  *  Autodesk, Inc   1,952,173 
 96,822     Automatic Data Processing, Inc   7,990,720 
 14,045     Booz Allen Hamilton Holding Co   408,850 
 25,108     Broadridge Financial Solutions, Inc   1,204,933 
 56,216  *  Cadence Design Systems, Inc   1,011,326 
 32,080     CDK Global, Inc   1,448,733 
 30,479  *  Citrix Systems, Inc   1,806,185 
 121,863  *  Cognizant Technology Solutions Corp (Class A)   6,596,444 
 2,001     Computer Sciences Corp   121,421 
 6,431  *  CoStar Group, Inc   1,186,584 
 5,171     DST Systems, Inc   500,036 
 255,201  *  eBay, Inc   13,525,653 
 47,951  *  Electronic Arts, Inc   2,630,592 
 10,628     Equinix, Inc   2,304,788 
 395,720  *  Facebook, Inc   30,039,105 
 8,695     Factset Research Systems, Inc   1,248,515 
 6,549     Fidelity National Information Services, Inc   408,854 
 13,865  *,e  FireEye, Inc   468,776 
 50,189  *  Fiserv, Inc   3,640,208 
 16,568  *  FleetCor Technologies, Inc   2,327,804 
 27,566  *  Fortinet, Inc   824,086 
 18,208  *  Gartner, Inc   1,533,478 
 3,102  *  Genpact Ltd   62,257 
 13,867     Global Payments, Inc   1,210,728 
 57,098  *  Google, Inc   30,520,023 
 56,431  *  Google, Inc (Class A)   30,334,484 
 17,675  *  HomeAway, Inc   450,536 
 6,302     IAC/InterActiveCorp   384,107 
 19,000  *  Informatica Corp   792,015 
 189,643     International Business Machines Corp   29,074,168 
 56,960     Intuit, Inc   4,945,267 
 17,235     Jack Henry & Associates, Inc   1,057,712 
 20,862  *  LinkedIn Corp   4,688,526 
 201,667     Mastercard, Inc (Class A)   16,542,744 
 1,073,919     Microsoft Corp   43,386,328 
 8,139  *,e  NetSuite, Inc   801,122 
 659,876     Oracle Corp   27,642,206 
 41,090  *  Pandora Media, Inc   682,094 
 58,377     Paychex, Inc   2,642,143 
 23,024  *  PTC, Inc   769,232 
 23,246  *  Rackspace Hosting, Inc   1,045,140 
 38,388  *  Red Hat, Inc   2,448,770 
 9,159     Sabre Corp   187,118 
 123,311  *  Salesforce.com, Inc   6,960,906 
 28,823  *  ServiceNow, Inc   2,101,197 
 12,654  *  SolarWinds, Inc   609,290 
 13,527     Solera Holdings, Inc   697,993 
 23,420  *  Splunk, Inc   1,209,643 
 7,511  *  Tableau Software, Inc   606,588 
 24,870  *  Teradata Corp   1,108,207 
176

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 24,966     Total System Services, Inc  $883,047 
 103,626  *  Twitter, Inc   3,889,084 
 24,405  *  Vantiv, Inc   839,288 
 21,955  *  VeriFone Systems, Inc   689,167 
 22,634  *,e  VeriSign, Inc   1,233,100 
 100,711     Visa, Inc (Class A)   25,672,241 
 17,878  *  VMware, Inc (Class A)   1,378,394 
 106,965  e  Western Union Co   1,818,405 
 18,673  *  Workday, Inc   1,483,757 
 10,218  *,e  Yelp, Inc   536,138 
 6,128  *,e  Zillow, Inc   593,926 
       TOTAL SOFTWARE & SERVICES   360,051,716 
              
TECHNOLOGY HARDWARE & EQUIPMENT - 8.7%
 22,312  *,e  3D Systems Corp   648,833 
 63,067     Amphenol Corp (Class A)   3,387,329 
 1,210,696  d  Apple, Inc   141,845,143 
 1,036  *,e  Arista Networks, Inc   65,392 
 24,805  *  ARRIS Group, Inc   650,387 
 4,979     Avnet, Inc   207,226 
 17,275     CDW Corp   591,841 
 12,204  *  CommScope Holding Co, Inc   342,993 
 59,156     Corning, Inc   1,406,138 
 12,653     Diebold, Inc   394,774 
 1,869  *  EchoStar Corp (Class A)   97,506 
 40,444     EMC Corp   1,048,713 
 15,003  *  F5 Networks, Inc   1,674,635 
 19,109     Flir Systems, Inc   577,092 
 3,872     Harris Corp   259,927 
 6,617  *,e  IPG Photonics Corp   493,893 
 20,228     Juniper Networks, Inc   459,782 
 5,005  *  Keysight Technologies, Inc   167,117 
 9,458     Motorola, Inc   590,274 
 21,155     National Instruments Corp   636,342 
 3,978  *  NCR Corp   101,041 
 23,050     NetApp, Inc   871,290 
 11,066  *  Palo Alto Networks, Inc   1,398,632 
 339,439     Qualcomm, Inc   21,201,360 
 31,158  *  Riverbed Technology, Inc   641,232 
 22,110     SanDisk Corp   1,678,370 
 5,677  *,e  Stratasys Ltd   451,265 
 51,576  *  Trimble Navigation Ltd   1,229,572 
 9,925  *  Zebra Technologies Corp (Class A)   828,341 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   183,946,440 
              
TELECOMMUNICATION SERVICES - 2.1%
 6,918     CenturyTel, Inc   257,142 
 55,241  *  Level 3 Communications, Inc   2,747,687 
 26,124  *  SBA Communications Corp (Class A)   3,048,671 
 830,217     Verizon Communications, Inc   37,949,219 
 115,346  e  Windstream Holdings, Inc   917,001 
 1,579  *  Zayo Group Holdings, Inc   43,817 
       TOTAL TELECOMMUNICATION SERVICES   44,963,537 
177

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
TRANSPORTATION - 3.6%
 25,214     Alaska Air Group, Inc  $1,711,274 
 755     Amerco, Inc   216,013 
 144,497     American Airlines Group, Inc   7,091,913 
 21,050  *  Avis Budget Group, Inc   1,206,375 
 29,312     CH Robinson Worldwide, Inc   2,087,601 
 5,241  e  Copa Holdings S.A. (Class A)   563,460 
 8,864     Delta Air Lines, Inc   419,356 
 40,395     Expeditors International of Washington, Inc   1,764,454 
 25,287     FedEx Corp   4,276,285 
 4,714  *  Genesee & Wyoming, Inc (Class A)   388,669 
 91,136  *  Hertz Global Holdings, Inc   1,870,111 
 18,736     J.B. Hunt Transport Services, Inc   1,491,573 
 16,750     Kansas City Southern Industries, Inc   1,844,007 
 11,250  *  Kirby Corp   815,513 
 9,676     Landstar System, Inc   620,038 
 12,704     Norfolk Southern Corp   1,295,427 
 12,518  *  Old Dominion Freight Line   877,762 
 123,935     Southwest Airlines Co   5,599,383 
 14,679  *  Spirit Airlines, Inc   1,088,301 
 75,152  *  UAL Corp   5,213,294 
 182,199     Union Pacific Corp   21,355,545 
 142,523     United Parcel Service, Inc (Class B)   14,086,973 
       TOTAL TRANSPORTATION   75,883,327 
              
UTILITIES - 0.1%
 10,662  *  Calpine Corp   222,623 
 6,837     Dominion Resources, Inc   525,697 
 29,386     ITC Holdings Corp   1,250,080 
       TOTAL UTILITIES   1,998,400 
             
       TOTAL COMMON STOCKS   2,110,524,954 
       (Cost $1,580,158,351)     
             
SHORT-TERM INVESTMENTS - 1.5%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.5%
 32,123,950  c  TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		   32,123,950 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   32,123,950 
       TOTAL SHORT-TERM INVESTMENTS   32,123,950 
       (Cost $32,123,950)     
             
       TOTAL INVESTMENTS - 101.3%   2,142,648,904 
       (Cost $1,612,282,301)     
       OTHER ASSETS & LIABILITIES, NET - (1.3)%   (27,413,178)
       NET ASSETS - 100.0%  $2,115,235,726 
178

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

       
       
    Abbreviation(s):
    REIT    Real Estate Investment Trust
     
*   Non-income producing.
c   Investments made with cash collateral received from securities on loan.
d   All or a portion of these securities have been segregated to cover margin requirements on open futures transactions.
e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $31,068,702.
179

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

TIAA-CREF FUNDS
LARGE-CAP VALUE INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2015

 

SHARES     COMPANY  VALUE 
           
COMMON STOCKS - 99.6%     
      
AUTOMOBILES & COMPONENTS - 1.5%     
 1,126,920     Ford Motor Co  $16,576,993 
 465,196     General Motors Co   15,174,694 
 33,634     Gentex Corp   561,352 
 141,220     Johnson Controls, Inc   6,562,493 
 4,732     Lear Corp   474,856 
 31,952  *  TRW Automotive Holdings Corp   3,296,488 
 12,711  *  Visteon Corp   1,232,331 
       TOTAL AUTOMOBILES & COMPONENTS   43,879,207 
            
BANKS - 10.8%    
 44,360     Associated Banc-Corp   745,692 
 3,052,843     Bank of America Corp   46,250,572 
 16,295  e  Bank of Hawaii Corp   920,016 
 28,322     BankUnited   783,387 
 207,839     BB&T Corp   7,334,638 
 11,155     BOK Financial Corp   603,597 
 53,899     CIT Group, Inc   2,361,854 
 881,640     Citigroup, Inc   41,392,998 
 47,061     Citizens Financial Group, Inc   1,124,758 
 13,454     City National Corp   1,166,327 
 51,918     Comerica, Inc   2,154,597 
 25,534     Commerce Bancshares, Inc   1,021,360 
 17,674     Cullen/Frost Bankers, Inc   1,101,090 
 40,356     East West Bancorp, Inc   1,460,080 
 245,219     Fifth Third Bancorp   4,242,289 
 66,888     First Horizon National Corp   868,875 
 102,651     First Niagara Financial Group, Inc   833,526 
 39,940     First Republic Bank   2,033,745 
 53,467     Fulton Financial Corp   596,157 
 152,505     Hudson City Bancorp, Inc   1,367,970 
 236,988     Huntington Bancshares, Inc   2,374,620 
 1,098,743     JPMorgan Chase & Co   59,749,644 
 254,793     Keycorp   3,309,761 
 37,997  e  M&T Bank Corp   4,299,741 
 897  *,e  Nationstar Mortgage Holdings, Inc   23,062 
 128,401  e  New York Community Bancorp, Inc   1,983,795 
 29,397     PacWest Bancorp   1,256,869 
 90,332  e  People’s United Financial, Inc   1,270,971 
 154,843     PNC Financial Services Group, Inc   13,090,427 
 29,833  *  Popular, Inc   919,751 
 400,314     Regions Financial Corp   3,482,732 
 1,447  *  Signature Bank   169,487 
 154,389     SunTrust Banks, Inc   5,931,625 
 13,357  *  SVB Financial Group   1,508,005 
180

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
           
 40,753     Synovus Financial Corp  $1,050,205 
 46,155     TCF Financial Corp   678,478 
 21,130     TFS Financial Corp   296,243 
 498,385     US Bancorp   20,887,315 
 1,386,322     Wells Fargo & Co   71,977,838 
 58,478     Zions Bancorporation   1,401,133 
       TOTAL BANKS   314,025,230 
            
CAPITAL GOODS - 7.8%    
 11,684     A.O. Smith Corp   694,146 
 42,931  *  Aecom Technology Corp   1,091,306 
 27,215  e  AGCO Corp   1,179,498 
 27,461     Air Lease Corp   959,487 
 9,216     Alliant Techsystems, Inc   1,200,937 
 31,810     Babcock & Wilcox Co   866,186 
 18,477     Carlisle Cos, Inc   1,657,017 
 142,787     Caterpillar, Inc   11,418,676 
 8,708     Crane Co   530,753 
 134,857     Danaher Corp   11,109,520 
 77,821     Deere & Co   6,629,571 
 3,934     Donaldson Co, Inc   143,827 
 12,579     Dover Corp   881,033 
 138,362     Eaton Corp   8,729,259 
 51,274     Emerson Electric Co   2,919,542 
 54,751     Exelis, Inc   936,790 
 18,903     Fluor Corp   1,013,012 
 28,123     Fortune Brands Home & Security, Inc   1,259,629 
 13,395     GATX Corp   765,524 
 88,762     General Dynamics Corp   11,823,986 
 2,911,820     General Electric Co   69,563,380 
 14,261     Hubbell, Inc (Class B)   1,512,236 
 2,208     Huntington Ingalls   257,453 
 1,914     IDEX Corp   138,478 
 71,678     Ingersoll-Rand plc   4,759,419 
 20,619     ITT Corp   738,366 
 37,862  *  Jacobs Engineering Group, Inc   1,442,542 
 29,199     Joy Global, Inc   1,224,606 
 43,429     KBR, Inc   717,881 
 22,961     Kennametal, Inc   721,435 
 25,027     L-3 Communications Holdings, Inc   3,081,324 
 15,116     Lincoln Electric Holdings, Inc   1,026,528 
 16,786  *  MRC Global, Inc   181,457 
 13,621  *,e  Navistar International Corp   400,730 
 58,587     Northrop Grumman Corp   9,195,230 
 28,643  *,e  NOW, Inc   714,643 
 24,113     Oshkosh Truck Corp   1,033,242 
 34,261     Owens Corning, Inc   1,372,153 
 8,399     Paccar, Inc   504,864 
 20,094     Parker Hannifin Corp   2,340,147 
 52,356  e  Pentair plc   3,236,124 
 46,865  *  Quanta Services, Inc   1,240,985 
 90,816     Raytheon Co   9,086,141 
181

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
             
 12,929     Regal-Beloit Corp  $890,162 
 5,535     Rockwell Collins, Inc   473,907 
 15,770     Roper Industries, Inc   2,433,942 
 14,345     Snap-On, Inc   1,903,725 
 2,452  *  Spirit Aerosystems Holdings, Inc (Class A)   110,438 
 12,131     SPX Corp   1,013,788 
 40,216     Stanley Works   3,766,228 
 32,891     Terex Corp   739,390 
 80,682     Textron, Inc   3,433,826 
 21,815     Timken Co   829,188 
 11,164     Trinity Industries, Inc   295,511 
 11,604     Triumph Group, Inc   662,124 
 236,342     United Technologies Corp   27,127,335 
 7,043  e  Valmont Industries, Inc   846,005 
 3,543  *  Vectrus, Inc   98,637 
 1,978  *  Veritiv Corp   100,621 
 12,941  *,e  WESCO International, Inc   863,941 
 14,231     Xylem, Inc   485,277 
       TOTAL CAPITAL GOODS   226,373,108 
            
COMMERCIAL & PROFESSIONAL SERVICES - 0.8%    
 50,239  e  ADT Corp   1,728,222 
 5,716     Cintas Corp   449,849 
 4,516  *,e  Clean Harbors, Inc   213,697 
 33,191     Corrections Corp of America   1,305,070 
 19,094     Covanta Holding Corp   390,281 
 6,673     Dun & Bradstreet Corp   768,129 
 16,250     Equifax, Inc   1,372,475 
 24,027     KAR Auction Services, Inc   819,561 
 22,807     Manpower, Inc   1,662,174 
 20,697     Nielsen Holdings NV   901,561 
 30,969     Pitney Bowes, Inc   742,637 
 51,842     R.R. Donnelley & Sons Co   853,838 
 77,030     Republic Services, Inc   3,056,551 
 18,724     Towers Watson & Co   2,218,794 
 14,051     Tyco International plc   573,421 
 14,411     Waste Connections, Inc   622,844 
 121,231     Waste Management, Inc   6,234,910 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   23,914,014 
            
CONSUMER DURABLES & APPAREL - 0.8%    
 84,052     DR Horton, Inc   2,060,955 
 35,487  *,e  Garmin Ltd   1,858,099 
 2,142  *,e  GoPro, Inc   106,565 
 5,118  e  Hasbro, Inc   281,081 
 38,451  *  Jarden Corp   1,846,417 
 20,323     Leggett & Platt, Inc   866,369 
 48,265     Lennar Corp (Class A)   2,167,581 
 63,049     Mattel, Inc   1,696,018 
 17,819  *  Mohawk Industries, Inc   2,940,848 
 32,373     Newell Rubbermaid, Inc   1,193,593 
 3,028     Phillips-Van Heusen Corp   333,867 
182

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
              
 109,214     Pulte Homes, Inc  $2,248,716 
 4,126     Ralph Lauren Corp   688,588 
 10,388  *  Taylor Morrison Home Corp   184,595 
 51,389  *  Toll Brothers, Inc   1,779,087 
 20,504     Whirlpool Corp   4,081,936 
       TOTAL CONSUMER DURABLES & APPAREL   24,334,315 
            
CONSUMER SERVICES - 0.8%    
 28,338  *  Apollo Group, Inc (Class A)   715,818 
 1,060     ARAMARK Holdings Corp   33,199 
 123,132     Carnival Corp   5,412,883 
 9,249     Choice Hotels International, Inc   531,355 
 38,340     Darden Restaurants, Inc   2,353,309 
 18,291     DeVry, Inc   775,721 
 1,010     Graham Holdings Co   944,673 
 11,182  *  Hyatt Hotels Corp   629,099 
 71,601     International Game Technology   1,211,489 
 7,856     Marriott International, Inc (Class A)   585,272 
 99,036  *  MGM Mirage   1,929,221 
 1,825  *  Norwegian Cruise Line Holdings Ltd   79,862 
 48,269     Royal Caribbean Cruises Ltd   3,646,723 
 13,128     Service Corp International   297,087 
 3,815  *  ServiceMaster Global Holdings, Inc   107,812 
 29,668     Starwood Hotels & Resorts Worldwide, Inc   2,135,206 
 79,523     Wendy’s   838,173 
       TOTAL CONSUMER SERVICES   22,226,902 
            
DIVERSIFIED FINANCIALS - 4.9%    
 8,515  *  Ally Financial, Inc   159,316 
 35,747     Ameriprise Financial, Inc   4,466,230 
 330,691     Bank of New York Mellon Corp   11,904,876 
 22,891     BlackRock, Inc   7,794,614 
 165,697     Capital One Financial Corp   12,130,677 
 272,502     Charles Schwab Corp   7,079,602 
 92,543     CME Group, Inc   7,893,918 
 135,299     Discover Financial Services   7,357,560 
 83,672  *  E*Trade Financial Corp   1,928,640 
 7,697  e  Federated Investors, Inc (Class B)   243,302 
 26,611  *  FNFV Group   329,976 
 20,861     Franklin Resources, Inc   1,074,967 
 129,801     Goldman Sachs Group, Inc   22,378,991 
 15,470     Interactive Brokers Group, Inc (Class A)   473,846 
 19,253     IntercontinentalExchange Group, Inc   3,960,920 
 106,356     Invesco Ltd   3,906,456 
 71,000  e  iShares Russell 1000 Value Index Fund   7,119,880 
 18,581     Legg Mason, Inc   1,030,131 
 88,785     Leucadia National Corp   2,012,756 
 445,246     Morgan Stanley   15,053,767 
 18,613     MSCI, Inc (Class A)   1,001,752 
 33,478     NASDAQ OMX Group, Inc   1,526,597 
 123,168     Navient Corp   2,431,336 
 68,618     Northern Trust Corp   4,486,245 
183

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
              
 41,382     NorthStar Asset Management Group, Inc  $876,057 
 35,792     Raymond James Financial, Inc   1,883,375 
 23,090     Santander Consumer USA Holdings, Inc   412,157 
 2,126     SEI Investments Co   85,401 
 79,391     SLM Corp   723,252 
 124,865     State Street Corp   8,929,096 
 11,827  *  Synchrony Financial   364,981 
 10,905     TD Ameritrade Holding Corp   353,213 
 40,417     Voya Financial, Inc   1,576,667 
       TOTAL DIVERSIFIED FINANCIALS   142,950,554 
            
ENERGY - 11.1%    
 135,880     Anadarko Petroleum Corp   11,108,190 
 111,936     Apache Corp   7,003,835 
 15,065     Atwood Oceanics, Inc   430,558 
 116,105     Baker Hughes, Inc   6,732,929 
 97,081  *  California Resources Corp   497,055 
 21,102  *  Cameron International Corp   944,948 
 117,809     Chesapeake Energy Corp   2,259,577 
 552,637     Chevron Corp   56,661,872 
 22,066     Cimarex Energy Co   2,277,211 
 11,858  *  Cobalt International Energy, Inc   108,145 
 356,345     ConocoPhillips   22,442,608 
 66,274     Consol Energy, Inc   1,918,632 
 2,503  e  CVR Energy, Inc   95,915 
 101,808  e  Denbury Resources, Inc   702,475 
 118,425  *  Devon Energy Corp   7,137,475 
 19,660  e  Diamond Offshore Drilling, Inc   619,880 
 21,023     Energen Corp   1,333,279 
 11,484  *,e  EP Energy Corp   118,859 
 4,070     EQT Corp   302,971 
 1,246,715  d  Exxon Mobil Corp   108,987,825 
 9,270     Frank’s International NV   151,750 
 15,334  e  Golar LNG Ltd   434,872 
 4,887  *  Gulfport Energy Corp   188,101 
 8,811     Helmerich & Payne, Inc   524,783 
 80,574     Hess Corp   5,437,939 
 47,236     Holly Corp   1,696,717 
 285,554     Kinder Morgan, Inc   11,721,992 
 3,470  *,e  Laredo Petroleum Holdings, Inc   34,041 
 196,073     Marathon Oil Corp   5,215,542 
 18,616     Marathon Petroleum Corp   1,723,655 
 7,021  *  Memorial Resource Development Corp   134,452 
 51,631     Murphy Oil Corp   2,318,748 
 77,860     Nabors Industries Ltd   896,169 
 114,021     National Oilwell Varco, Inc   6,206,163 
 39,440  *  Newfield Exploration Co   1,174,523 
 29,722     Noble Energy, Inc   1,418,928 
 228,033     Occidental Petroleum Corp   18,242,640 
 13,328  *  Oil States International, Inc   547,381 
 28,362     Oneok, Inc   1,248,779 
 20,272     Patterson-UTI Energy, Inc   347,868 
184

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
              
 14,277     PBF Energy, Inc  $401,184 
 81,083  e  Peabody Energy Corp   505,147 
 96,872     Phillips 66   6,812,039 
 45,346     Questar Market Resources, Inc   916,896 
 1,083  *  Rice Energy, Inc   18,498 
 36,178     Rowan Cos plc   764,079 
 146,076  *,e  SandRidge Energy, Inc   205,967 
 72,345  e  Seadrill Ltd   776,985 
 8,678  *  Seventy Seven Energy, Inc   34,278 
 194,754     Spectra Energy Corp   6,512,574 
 43,268     Superior Energy Services   865,360 
 7,137     Teekay Corp   302,109 
 21,500     Tesoro Corp   1,757,195 
 14,463  e  Tidewater, Inc   423,187 
 32,628  *,e  Ultra Petroleum Corp   416,007 
 13,082  *  Unit Corp   389,582 
 117,809     Valero Energy Corp   6,229,740 
 31,772  *  Whiting Petroleum Corp   953,795 
 16,105     World Fuel Services Corp   788,662 
 60,366  *  WPX Energy, Inc   643,502 
       TOTAL ENERGY   321,066,068 
            
FOOD & STAPLES RETAILING - 2.7%    
 7,397     Costco Wholesale Corp   1,057,697 
 291,199     CVS Corp   28,584,094 
 93,741  *  Rite Aid Corp   654,312 
 106,189     Sysco Corp   4,159,423 
 68,662     Walgreens Boots Alliance, Inc   5,063,822 
 415,340     Wal-Mart Stores, Inc   35,295,593 
 60,121     Whole Foods Market, Inc   3,132,004 
       TOTAL FOOD & STAPLES RETAILING   77,946,945 
            
FOOD, BEVERAGE & TOBACCO - 2.2%    
 31,121     Altria Group, Inc   1,652,525 
 171,335     Archer Daniels Midland Co   7,989,351 
 42,712     Bunge Ltd   3,824,005 
 17,020     Campbell Soup Co   778,495 
 122,198     ConAgra Foods, Inc   4,329,475 
 3,209  *  Constellation Brands, Inc (Class A)   354,434 
 2,383  *  Hain Celestial Group, Inc   125,751 
 18,257     Ingredion, Inc   1,472,244 
 30,137     J.M. Smucker Co   3,108,632 
 6,701     Kellogg Co   439,452 
 39,521     Molson Coors Brewing Co (Class B)   3,000,829 
 491,078     Mondelez International, Inc   17,305,589 
 188,655     Philip Morris International, Inc   15,137,677 
 15,637  e  Pilgrim’s Pride Corp   424,545 
 15,633     Pinnacle Foods, Inc   562,319 
 21,944     Reynolds American, Inc   1,491,095 
 78,922     Tyson Foods, Inc (Class A)   3,081,115 
       TOTAL FOOD, BEVERAGE & TOBACCO   65,077,533 
185

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
           
HEALTH CARE EQUIPMENT & SERVICES - 6.0%     
 436,055     Abbott Laboratories  $19,517,822 
 72,771     Aetna, Inc   6,681,833 
 33,514  *  Allscripts Healthcare Solutions, Inc   399,152 
 81,159     Anthem, Inc   10,953,219 
 347,221  *  Boston Scientific Corp   5,142,343 
 90,703     Cardinal Health, Inc   7,545,583 
 60,155  *  CareFusion Corp   3,567,191 
 71,799     Cigna Corp   7,670,287 
 33,359  *  Community Health Systems, Inc   1,570,208 
 4,033     Cooper Cos, Inc   635,802 
 33,577  *  DaVita, Inc   2,520,290 
 28,174     Dentsply International, Inc   1,409,404 
 28,843  *  Express Scripts Holding Co   2,327,919 
 2,197  *  Halyard Health, Inc   97,920 
 85,807  *  HCA Holdings, Inc   6,075,136 
 23,317  *  Health Net, Inc   1,263,082 
 15,508     Hill-Rom Holdings, Inc   740,662 
 46,865  *  Hologic, Inc   1,423,056 
 44,933     Humana, Inc   6,579,988 
 916  *  Intuitive Surgical, Inc   452,944 
 24,057  *  Inverness Medical Innovations, Inc   978,879 
 14,858  *  Laboratory Corp of America Holdings   1,705,401 
 12,784  *  LifePoint Hospitals, Inc   834,028 
 415,124     Medtronic plc   29,639,853 
 28,783     Omnicare, Inc   2,158,149 
 22,475     Patterson Cos, Inc   1,125,773 
 9,820  *  Pediatrix Medical Group, Inc   666,680 
 42,004     Quest Diagnostics, Inc   2,985,224 
 6,280  *  Sirona Dental Systems, Inc   566,582 
 29,076     St. Jude Medical, Inc   1,915,236 
 39,420     Stryker Corp   3,589,191 
 11,955     Teleflex, Inc   1,309,790 
 284,455     UnitedHealth Group, Inc   30,223,344 
 20,049     Universal Health Services, Inc (Class B)   2,055,624 
 25,666  *  VCA Antech, Inc   1,337,199 
 44,982     Zimmer Holdings, Inc   5,042,482 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   172,707,276 
             
HOUSEHOLD & PERSONAL PRODUCTS - 2.4%     
 75,617     Avon Products, Inc   585,276 
 6,392     Clorox Co   682,090 
 28,257     Colgate-Palmolive Co   1,907,913 
 3,470     Coty, Inc   65,999 
 17,785     Energizer Holdings, Inc   2,276,658 
 18,838     Kimberly-Clark Corp   2,033,750 
 740,962     Procter & Gamble Co   62,455,687 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   70,007,373 
             
INSURANCE - 8.2%     
 98,081     ACE Ltd   10,588,825 
 131,819     Aflac, Inc   7,524,229 
186

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
           
 4,781  *  Alleghany Corp  $2,113,632 
 28,114     Allied World Assurance Co Holdings Ltd   1,087,168 
 125,983     Allstate Corp   8,792,354 
 17,801     American Financial Group, Inc   1,033,170 
 420,357     American International Group, Inc   20,542,847 
 2,366     American National Insurance Co   246,159 
 19,974     Aon plc   1,798,659 
 38,667  *  Arch Capital Group Ltd   2,241,526 
 2,435     Arthur J. Gallagher & Co   108,187 
 18,392     Aspen Insurance Holdings Ltd   796,741 
 20,665     Assurant, Inc   1,312,434 
 48,874     Assured Guaranty Ltd   1,193,503 
 30,481     Axis Capital Holdings Ltd   1,551,483 
 531,433  *  Berkshire Hathaway, Inc (Class B)   76,478,523 
 33,016     Brown & Brown, Inc   1,018,544 
 71,019     Chubb Corp   6,952,760 
 47,480     Cincinnati Financial Corp   2,398,215 
 8,097     CNA Financial Corp   315,459 
 12,747     Endurance Specialty Holdings Ltd   779,097 
 13,204     Everest Re Group Ltd   2,262,901 
 80,367     FNF Group   2,820,882 
 135,634  *  Genworth Financial, Inc (Class A)   946,725 
 12,663     Hanover Insurance Group, Inc   873,747 
 130,653     Hartford Financial Services Group, Inc   5,082,402 
 28,808     HCC Insurance Holdings, Inc   1,536,619 
 75,922     Lincoln National Corp   3,794,582 
 93,665     Loews Corp   3,583,623 
 4,067  *  Markel Corp   2,779,225 
 52,024     Marsh & McLennan Cos, Inc   2,797,330 
 42,261  *  MBIA, Inc   338,933 
 7,974     Mercury General Corp   455,714 
 271,878     Metlife, Inc   12,642,327 
 76,026     Old Republic International Corp   1,067,405 
 14,666     PartnerRe Ltd   1,677,790 
 85,282     Principal Financial Group   4,002,284 
 16,933     ProAssurance Corp   751,317 
 171,621     Progressive Corp   4,453,565 
 22,741     Protective Life Corp   1,590,733 
 133,544     Prudential Financial, Inc   10,133,319 
 14,286     Reinsurance Group of America, Inc (Class A)   1,183,024 
 11,334     RenaissanceRe Holdings Ltd   1,083,870 
 12,633     Stancorp Financial Group, Inc   783,751 
 38,705     Torchmark Corp   1,937,959 
 100,886     Travelers Cos, Inc   10,373,099 
 74,354     UnumProvident Corp   2,309,435 
 26,336     Validus Holdings Ltd   1,044,222 
 29,119     W.R. Berkley Corp   1,426,540 
 1,780     White Mountains Insurance Group Ltd   1,147,352 
 79,024     XL Capital Ltd   2,725,538 
       TOTAL INSURANCE   236,479,728 
187

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES       COMPANY VALUE  
               
MATERIALS - 3.1%        
  61,619       Air Products & Chemicals, Inc   $ 8,972,343  
  23,137       Albemarle Corp     1,116,592  
  340,342       Alcoa, Inc     5,326,352  
  32,037       Allegheny Technologies, Inc     914,016  
  14,731       Aptargroup, Inc     929,673  
  19,926       Ashland, Inc     2,361,629  
  17,925       Avery Dennison Corp     936,940  
  9,061   *   Axalta Coating Systems Ltd     232,596  
  28,918       Bemis Co, Inc     1,281,067  
  17,281       Cabot Corp     732,887  
  14,876       Carpenter Technology Corp     564,395  
  41,368       Celanese Corp (Series A)     2,223,944  
  15,107       CF Industries Holdings, Inc     4,613,376  
  28,023   e   Cliffs Natural Resources, Inc     179,908  
  18,152       Cytec Industries, Inc     871,114  
  18,387       Domtar Corp     704,222  
  293,656       Dow Chemical Co     13,261,505  
  14,855       Du Pont (E.I.) de Nemours & Co     1,057,825  
  3,729       Eastman Chemical Co     264,349  
  301,072       Freeport-McMoRan Copper & Gold, Inc (Class B)     5,061,020  
  8,942       Greif, Inc (Class A)     341,584  
  16,934       Huntsman Corp     371,871  
  106,216       International Paper Co     5,593,335  
  48,634       MeadWestvaco Corp     2,445,317  
  97,089       Mosaic Co     4,727,263  
  144,928       Newmont Mining Corp     3,644,939  
  92,504       Nucor Corp     4,037,800  
  19,523   *   Owens-Illinois, Inc     455,862  
  10,855   e   Rayonier Advanced Materials, Inc     185,838  
  22,389       Reliance Steel & Aluminum Co     1,172,512  
  41,755       Rock-Tenn Co (Class A)     2,709,899  
  18,742       Royal Gold, Inc     1,358,045  
  2,317       RPM International, Inc     110,892  
  18,682       Sigma-Aldrich Corp     2,569,149  
  29,436       Sonoco Products Co     1,301,071  
  69,049       Steel Dynamics, Inc     1,176,595  
  21,924       Tahoe Resources, Inc     299,263  
  11,384       TimkenSteel Corp     307,368  
  42,071   e   United States Steel Corp     1,028,215  
  37,969       Vulcan Materials Co     2,677,194  
  1,777       Westlake Chemical Corp     101,840  
  2,968   *   WR Grace & Co     257,266  
          TOTAL MATERIALS     88,478,871  
                   
MEDIA - 1.8%        
  14,661       CBS Corp (Class B)     803,569  
  7,593       Clear Channel Outdoor Holdings, Inc (Class A)     68,717  
  63,629       Comcast Corp (Class A)     3,381,563  
  16,420   *   DISH Network Corp (Class A)     1,155,147  
  22,069   *,e   DreamWorks Animation SKG, Inc (Class A)     412,028  
  64,972       Gannett Co, Inc     2,014,782  
  12,578       John Wiley & Sons, Inc (Class A)     779,333  
188

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES    COMPANY  VALUE 
          
 6,643  *,e  Liberty Broadband Corp (Class A)  $295,414 
 21,651  *  Liberty Broadband Corp (Class C)   961,304 
 29,046  *  Liberty Media Corp   989,016 
 54,181  *  Liberty Media Corp (Class C)   1,848,656 
 21,254  *  Live Nation, Inc   505,208 
 17,820  *  Madison Square Garden, Inc   1,349,865 
 143,543  *  News Corp   2,137,355 
 17,826  e  Regal Entertainment Group (Class A)   377,198 
 3,801  *  Starz-Liberty Capital   112,206 
 103,144     Thomson Corp   3,960,730 
 256,082     Time Warner, Inc   19,956,470 
 145,393     Twenty-First Century Fox, Inc   4,821,232 
 81,441     Walt Disney Co   7,407,873 
       TOTAL MEDIA   53,337,666 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.2%    
 82,429     Agilent Technologies, Inc   3,113,343 
 6,242  *  Alkermes plc   450,984 
 3,030  *  Alnylam Pharmaceuticals, Inc   284,305 
 11,483     Amgen, Inc   1,748,402 
 5,831  *  Bio-Rad Laboratories, Inc (Class A)   667,475 
 5,356     Bio-Techne Corp   498,215 
 309,428     Bristol-Myers Squibb Co   18,649,226 
 7,235  *  Charles River Laboratories International, Inc   501,747 
 1,558  *  Covance, Inc   165,475 
 285,654     Eli Lilly & Co   20,567,088 
 48,278  *  Hospira, Inc   3,062,274 
 692,449     Johnson & Johnson   69,341,843 
 9,042  *  Mallinckrodt plc   958,362 
 729,708     Merck & Co, Inc   43,986,798 
 2,827  *,e  Myriad Genetics, Inc   105,786 
 26,196  *  PerkinElmer, Inc   1,197,419 
 31,619     Perrigo Co plc   4,797,867 
 1,852,153     Pfizer, Inc   57,879,781 
 67,294  *,e  Qiagen NV (NASDAQ)   1,543,051 
 8,525  *  Quintiles Transnational Holdings, Inc   515,763 
 69,110     Thermo Electron Corp   8,653,263 
 3,450  *,e  VWR Corp   83,352 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   238,771,819 
            
REAL ESTATE - 5.4%    
 20,512     Alexandria Real Estate Equities, Inc   2,000,330 
 30,547     American Campus Communities, Inc   1,342,846 
 103,764     American Capital Agency Corp   2,236,114 
 44,120     American Homes 4 Rent   736,363 
 229,310  *  American Realty Capital Properties, Inc   2,124,557 
 273,763     Annaly Capital Management, Inc   2,890,937 
 18,201     Apartment Investment & Management Co (Class A)   725,492 
 37,604     AvalonBay Communities, Inc   6,505,116 
 56,054     BioMed Realty Trust, Inc   1,370,520 
 38,961     Boston Properties, Inc   5,407,787 
 52,881     Brandywine Realty Trust   878,353 
189

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
           
 15,581     Brixmor Property Group, Inc  $422,245 
 24,820     Camden Property Trust   1,912,381 
 48,368     CBL & Associates Properties, Inc   997,348 
 300,262     Chimera Investment Corp   942,823 
 30,140     Columbia Property Trust, Inc   737,526 
 27,239     Corporate Office Properties Trust   817,170 
 87,268     DDR Corp   1,710,453 
 39,377     Digital Realty Trust, Inc   2,872,158 
 41,137     Douglas Emmett, Inc   1,171,582 
 95,275     Duke Realty Corp   2,079,853 
 37,899  *  Equity Commonwealth   998,639 
 6,278     Equity Lifestyle Properties, Inc   343,595 
 104,877     Equity Residential   8,139,504 
 18,145     Essex Property Trust, Inc   4,101,677 
 6,589     Federal Realty Investment Trust   947,301 
 48,092  *  Forest City Enterprises, Inc (Class A)   1,178,254 
 21,320     Gaming and Leisure Properties, Inc   695,672 
 164,691     General Growth Properties, Inc   4,970,374 
 133,102     HCP, Inc   6,294,394 
 44,524     Health Care REIT, Inc   3,648,742 
 29,813     Healthcare Trust of America, Inc   878,291 
 16,755     Home Properties, Inc   1,181,227 
 43,442     Hospitality Properties Trust   1,415,775 
 219,436     Host Marriott Corp   5,022,890 
 6,025  *  Howard Hughes Corp   787,046 
 6,171     Iron Mountain, Inc   245,853 
 9,416     Jones Lang LaSalle, Inc   1,384,905 
 23,869     Kilroy Realty Corp   1,769,886 
 118,460     Kimco Realty Corp   3,275,419 
 42,415     Liberty Property Trust   1,709,325 
 45,476     Macerich Co   3,911,391 
 109,093     MFA Mortgage Investments, Inc   855,289 
 21,700     Mid-America Apartment Communities, Inc   1,721,244 
 41,330     National Retail Properties, Inc   1,770,577 
 49,340     NorthStar Realty Finance Corp   933,019 
 24,295     Omega Healthcare Investors, Inc   1,065,579 
 36,708     Outfront Media, Inc   1,040,672 
 49,328  *  Paramount Group, Inc   954,497 
 44,961     Piedmont Office Realty Trust, Inc   878,088 
 26,467     Plum Creek Timber Co, Inc   1,178,311 
 15,626     Post Properties, Inc   949,280 
 145,244     Prologis, Inc   6,556,314 
 3,466     Public Storage, Inc   696,111 
 32,567     Rayonier, Inc   955,841 
 23,921  *  Realogy Holdings Corp   1,112,327 
 64,336     Realty Income Corp   3,494,088 
 26,399     Regency Centers Corp   1,809,915 
 67,677     Retail Properties of America, Inc   1,197,206 
 58,968     Senior Housing Properties Trust   1,373,365 
 22,893     Simon Property Group, Inc   4,547,923 
 27,402     SL Green Realty Corp   3,452,652 
 115,813     Spirit Realty Capital, Inc   1,489,355 
190

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES    COMPANY  VALUE 
          
 64,827     Starwood Property Trust, Inc  $1,551,310 
 9,498     Tanger Factory Outlet Centers, Inc   373,746 
 1,300     Taubman Centers, Inc   106,535 
 107,801     Two Harbors Investment Corp   1,112,506 
 73,330     UDR, Inc   2,438,956 
 21,889  *  Urban Edge Properties   519,645 
 53,402     Ventas, Inc   4,262,014 
 42,056     Vornado Realty Trust   4,644,665 
 35,210     Weingarten Realty Investors   1,319,671 
 136,334     Weyerhaeuser Co   4,887,574 
 30,861     WP Carey, Inc   2,216,128 
 46,547     WP GLIMCHER, Inc   822,951 
       TOTAL REAL ESTATE   155,069,468 
            
RETAILING - 1.6%    
 15,549     Aaron’s, Inc   492,281 
 18,332  e  Abercrombie & Fitch Co (Class A)   467,833 
 38,506  *  Ascena Retail Group, Inc   445,129 
 30,820  *  Bed Bath & Beyond, Inc   2,304,411 
 58,358     Best Buy Co, Inc   2,054,202 
 11,761     Big Lots, Inc   539,947 
 12,940  *,e  Cabela’s, Inc   711,053 
 19,861  *  Carmax, Inc   1,233,368 
 25,595     Chico’s FAS, Inc   426,925 
 3,146     CST Brands, Inc   135,593 
 23,227     Dick’s Sporting Goods, Inc   1,199,674 
 2,276     Dillard’s, Inc (Class A)   258,554 
 21,202  *  Dollar General Corp   1,421,806 
 21,576     DSW, Inc (Class A)   767,243 
 1,850     Family Dollar Stores, Inc   140,785 
 36,159     Foot Locker, Inc   1,924,382 
 30,595  e  GameStop Corp (Class A)   1,078,474 
 2,903     Genuine Parts Co   269,805 
 89,223  *,e  JC Penney Co, Inc   648,651 
 56,932     Kohl’s Corp   3,399,979 
 45,140     L Brands, Inc   3,820,198 
 70,521  *  Liberty Interactive Corp   1,929,455 
 23,779     Macy’s, Inc   1,519,002 
 3,866  *  Michaels Cos, Inc   99,743 
 7,289  *  Murphy USA, Inc   508,845 
 6,860     Penske Auto Group, Inc   331,681 
 12,325  *  Sally Beauty Holdings, Inc   383,061 
 2,458  *  Sears Holdings Corp   78,263 
 7,321     Signet Jewelers Ltd   886,646 
 187,875     Staples, Inc   3,203,269 
 165,325     Target Corp   12,169,573 
 8,894  *  Urban Outfitters, Inc   310,045 
       TOTAL RETAILING   45,159,876 
            
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.4%    
 56,531     Altera Corp   1,861,283 
 49,512     Analog Devices, Inc   2,579,823 
191

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES     COMPANY   VALUE  
             
  116,333       Applied Materials, Inc   $ 2,657,046  
  155,369       Broadcom Corp (Class A)     6,593,083  
  16,550   *,e   Cree, Inc     585,208  
  21,709   *   First Solar, Inc     918,725  
  2,953   *,e   Freescale Semiconductor Holdings Ltd     94,762  
  1,322,361       Intel Corp     43,690,807  
  4,130       Kla-Tencor Corp     253,871  
  34,622       Lam Research Corp     2,646,506  
  117,838       Marvell Technology Group Ltd     1,825,311  
  6,141       Maxim Integrated Products, Inc     203,206  
  38,016   *   Micron Technology, Inc     1,112,538  
  135,010       Nvidia Corp     2,592,867  
  62,554   *   ON Semiconductor Corp     626,165  
  53,023   *   SunEdison, Inc     993,121  
  12,812   *,e   SunPower Corp     309,025  
  52,659       Teradyne, Inc     953,128  
          TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT     70,496,475  
                   
SOFTWARE & SERVICES - 2.9%        
  48,561       Activision Blizzard, Inc     1,014,682  
  45,803       Amdocs Ltd     2,206,789  
  20,541   *   Ansys, Inc     1,657,042  
  23,239   *   AOL, Inc     1,005,087  
  13,691   *   Autodesk, Inc     739,382  
  1,578       Booz Allen Hamilton Holding Co     45,936  
  92,138       CA, Inc     2,791,781  
  4,578   *   Citrix Systems, Inc     271,292  
  39,469       Computer Sciences Corp     2,394,979  
  1,363       DST Systems, Inc     131,802  
  21,308   *   Electronic Arts, Inc     1,168,957  
  73,174       Fidelity National Information Services, Inc     4,568,253  
  4,791   *,e   FireEye, Inc     161,984  
  26,640   *   First American Corp     884,448  
  39,817   *   Genpact Ltd     799,127  
  2,320   *   HomeAway, Inc     59,137  
  12,795       IAC/InterActiveCorp     779,855  
  3,315   *   Informatica Corp     138,186  
  18,372       Leidos Holdings, Inc     760,601  
  846,610       Microsoft Corp     34,203,044  
  76,771   *   Nuance Communications, Inc     1,055,217  
  11,875       Paychex, Inc     537,463  
  28,170   *   Rovi Corp     651,009  
  200,622       Symantec Corp     4,969,407  
  44,889   *   Synopsys, Inc     1,929,778  
  9,567   *   Teradata Corp     426,306  
  10,971       Total System Services, Inc     388,044  
  338,019       Xerox Corp     4,451,710  
  274,910   *   Yahoo!, Inc     12,093,291  
  211,497   *   Zynga, Inc     541,432  
          TOTAL SOFTWARE & SERVICES     82,826,021  
192

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES       COMPANY   VALUE  
             
TECHNOLOGY HARDWARE & EQUIPMENT - 3.9%        
  585 *,e   Arista Networks, Inc   $ 36,925  
  28,715   *   Arrow Electronics, Inc      1,580,474  
  31,998       Avnet, Inc      1,331,757  
  13,163       AVX Corp      170,198  
  125,420       Brocade Communications Systems, Inc      1,394,670  
  1,486,943       Cisco Systems, Inc      39,203,252  
  291,547       Corning, Inc      6,930,072  
  13,580       Dolby Laboratories, Inc (Class A)      526,904  
  9,504   *   EchoStar Corp (Class A)      495,824  
  535,304       EMC Corp      13,880,433  
  12,045       Flir Systems, Inc      363,759  
  24,226       Harris Corp      1,626,291  
  549,957       Hewlett-Packard Co      19,869,947  
  44,731   *   Ingram Micro, Inc (Class A)      1,126,327  
  58,869       Jabil Circuit, Inc      1,213,290  
  67,308   *   JDS Uniphase Corp      817,792  
  104,448       Juniper Networks, Inc      2,374,103  
  41,478   *   Keysight Technologies, Inc      1,384,950  
  24,825   *,e   Knowles Corp      526,538  
  18,075       Lexmark International, Inc (Class A)      721,373  
  44,715       Motorola, Inc      2,790,663  
  44,033   *   NCR Corp      1,118,438  
  57,451       NetApp, Inc      2,171,648  
  34,475       SanDisk Corp      2,616,997  
  6,404   *,e   Stratasys Ltd      509,054  
  10,806   *   Tech Data Corp      617,023  
  40,018       Vishay Intertechnology, Inc      545,045  
  64,528       Western Digital Corp      6,274,058  
          TOTAL TECHNOLOGY HARDWARE & EQUIPMENT      112,217,805  
             
TELECOMMUNICATION SERVICES - 2.1%    
  1,506,934       AT&T, Inc      49,608,267  
  156,474       CenturyTel, Inc      5,816,139  
  291,010   e   Frontier Communications Corp      1,954,132  
  211,202   *,e   Sprint Corp      908,169  
  25,305       Telephone & Data Systems, Inc      588,341  
  77,458       T-Mobile US, Inc      2,337,682  
  3,815       US Cellular Corp      132,724  
  12,555   e   Windstream Holdings, Inc      99,812  
  5,210   *   Zayo Group Holdings, Inc      144,578  
          TOTAL TELECOMMUNICATION SERVICES      61,589,844  
             
TRANSPORTATION - 1.4%    
  3,717       Alaska Air Group, Inc      252,273  
  1,052       Amerco, Inc      300,988  
  16,639       Con-Way, Inc      681,700  
  2,251       Copa Holdings S.A. (Class A)      242,005  
  291,574       CSX Corp      9,709,414  
  233,111       Delta Air Lines, Inc      11,028,481  
  48,859       FedEx Corp      8,262,545  
  7,964   *   Genesee & Wyoming, Inc (Class A)      656,632  
  7,367       Kansas City Southern Industries, Inc      811,033  
193

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES    COMPANY  VALUE 
          
 70,845     Norfolk Southern Corp  $7,224,065 
 15,333     Ryder System, Inc   1,269,419 
 22,019     Southwest Airlines Co    994,819 
       TOTAL TRANSPORTATION    41,433,374 
            
UTILITIES - 6.8%    
 209,673     AES Corp   2,562,204 
 34,418     AGL Resources, Inc   1,940,487 
 32,189     Alliant Energy Corp   2,208,487 
 70,436     Ameren Corp   3,189,342 
 141,588     American Electric Power Co, Inc   8,893,142 
 51,619     American Water Works Co, Inc   2,897,891 
 50,638     Aqua America, Inc   1,369,758 
 29,067     Atmos Energy Corp   1,654,203 
 102,585  *  Calpine Corp   2,141,975 
 123,800     Centerpoint Energy, Inc   2,858,542 
 80,618     CMS Energy Corp   3,041,717 
 85,099     Consolidated Edison, Inc   5,895,659 
 158,539     Dominion Resources, Inc   12,190,064 
 51,257     DTE Energy Co   4,595,703 
 205,409     Duke Energy Corp   17,899,340 
 94,322     Edison International   6,428,044 
 52,068     Entergy Corp   4,556,471 
 249,200     Exelon Corp   8,981,168 
 121,771     FirstEnergy Corp   4,911,024 
 43,909     Great Plains Energy, Inc   1,298,389 
 29,307     Hawaiian Electric Industries, Inc   1,005,230 
 23,204     Integrys Energy Group, Inc   1,881,844 
 2,018     ITC Holdings Corp   85,846 
 55,301     MDU Resources Group, Inc   1,250,356 
 24,108     National Fuel Gas Co   1,529,170 
 126,550     NextEra Energy, Inc   13,824,322 
 91,284     NiSource, Inc   3,948,946 
 91,708     Northeast Utilities   5,097,131 
 98,472     NRG Energy, Inc   2,428,319 
 57,016     OGE Energy Corp   2,005,823 
 72,371     Pepco Holdings, Inc   1,986,584 
 134,804     PG&E Corp   7,927,823 
 33,916     Pinnacle West Capital Corp   2,380,225 
 192,884     PPL Corp   6,847,382 
 146,625     Public Service Enterprise Group, Inc   6,257,955 
 51,304     Questar Corp   1,331,339 
 40,606     SCANA Corp   2,589,445 
 71,215     Sempra Energy   7,970,383 
 258,832     Southern Co   13,127,959 
 67,680     TECO Energy, Inc   1,443,614 
 49,884     UGI Corp   1,845,209 
 23,776     Vectren Corp   1,139,346 
 37,228     Westar Energy, Inc   1,590,380 
 65,052  e  Wisconsin Energy Corp   3,627,950 
 145,466     Xcel Energy, Inc   5,459,339 
       TOTAL UTILITIES   198,095,530 
             
          TOTAL COMMON STOCKS   2,888,465,002 
  (Cost $2,549,100,101)     
194

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES       COMPANY   VALUE  
                   
SHORT-TERM INVESTMENTS - 1.3%        
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.3%        
  37,254,004   c   TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		   $ 37,254,004  
          TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES     37,254,004  
          TOTAL SHORT-TERM INVESTMENTS     37,254,004  
          (Cost $37,254,004)        
                   
          TOTAL INVESTMENTS - 100.9%     2,925,719,006  
          (Cost $2,586,354,105)        
          OTHER ASSETS & LIABILITIES, NET - (0.9)%     (27,169,108 )
          NET ASSETS - 100.0%   $ 2,898,549,898  
     
     
  Abbreviation(s):
  REIT   Real Estate Investment Trust
   
  *   Non-income producing.
  c   Investments made with cash collateral received from securities on loan.
  d   All or a portion of these securities have been segregated to cover margin requirements on open futures transactions.
  e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $36,063,808.
195

TIAA-CREF FUNDS - S&P 500 Index Fund

 

TIAA-CREF FUNDS

S&P 500 INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

SHARES     COMPANY  VALUE 
              
COMMON STOCKS - 99.9%        
              
AUTOMOBILES & COMPONENTS - 1.0%        
 33,433     BorgWarner, Inc  $1,805,716 
 43,538     Delphi Automotive plc   2,992,367 
 566,339     Ford Motor Co   8,330,847 
 198,529     General Motors Co   6,476,016 
 41,255     Goodyear Tire & Rubber Co   1,000,021 
 31,492     Harley-Davidson, Inc   1,943,057 
 97,205     Johnson Controls, Inc   4,517,116 
       TOTAL AUTOMOBILES & COMPONENTS   27,065,140 
              
BANKS - 5.6%        
 1,547,326     Bank of America Corp   23,441,989 
 105,613     BB&T Corp   3,727,083 
 444,904     Citigroup, Inc   20,888,243 
 26,680     Comerica, Inc   1,107,220 
 122,241     Fifth Third Bancorp   2,114,769 
 70,086     Hudson City Bancorp, Inc   628,671 
 119,778     Huntington Bancshares, Inc   1,200,176 
 549,202     JPMorgan Chase & Co   29,865,605 
 126,888     Keycorp   1,648,275 
 19,510  e  M&T Bank Corp   2,207,752 
 46,013  e  People’s United Financial, Inc   647,403 
 77,413     PNC Financial Services Group, Inc   6,544,495 
 203,026     Regions Financial Corp   1,766,326 
 76,620     SunTrust Banks, Inc   2,943,740 
 262,335     US Bancorp   10,994,460 
 693,774     Wells Fargo & Co   36,020,746 
 30,571     Zions Bancorporation   732,481 
       TOTAL BANKS   146,479,434 
              
CAPITAL GOODS - 7.5%        
 94,403     3M Co   15,321,607 
 14,368     Allegion plc   776,016 
 36,143     Ametek, Inc   1,731,250 
 97,347     Boeing Co   14,151,333 
 88,998     Caterpillar, Inc   7,117,170 
 24,648     Cummins, Inc   3,437,410 
 89,892     Danaher Corp   7,405,303 
 52,394     Deere & Co   4,463,445 
 24,279     Dover Corp   1,700,501 
 69,110     Eaton Corp   4,360,150 
 101,561     Emerson Electric Co   5,782,883 
 39,856  e  Fastenal Co   1,769,606 
 20,387     Flowserve Corp   1,110,888 
 22,314     Fluor Corp   1,195,807 
196

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
              
 46,242     General Dynamics Corp  $6,159,897 
 1,475,119     General Electric Co   35,240,593 
 115,385     Honeywell International, Inc   11,280,038 
 52,835     Illinois Tool Works, Inc   4,918,410 
 38,717     Ingersoll-Rand plc   2,570,809 
 19,915  *  Jacobs Engineering Group, Inc   758,761 
 15,139     Joy Global, Inc   634,930 
 12,544     L-3 Communications Holdings, Inc   1,544,417 
 39,409     Lockheed Martin Corp   7,423,473 
 53,187     Masco Corp   1,321,165 
 29,700     Northrop Grumman Corp   4,661,415 
 52,489     Paccar, Inc   3,155,114 
 15,811     Pall Corp   1,529,872 
 22,078     Parker Hannifin Corp   2,571,204 
 27,725  e  Pentair plc   1,713,682 
 20,922     Precision Castparts Corp   4,186,492 
 31,645  *  Quanta Services, Inc   837,960 
 45,347     Raytheon Co   4,536,967 
 19,953     Rockwell Automation, Inc   2,173,281 
 19,643     Rockwell Collins, Inc   1,681,834 
 14,761     Roper Industries, Inc   2,278,213 
 8,577     Snap-On, Inc   1,138,254 
 22,831     Stanley Works   2,138,123 
 40,984     Textron, Inc   1,744,279 
 14,563  *  United Rentals, Inc   1,206,545 
 124,449     United Technologies Corp   14,284,256 
 8,966     W.W. Grainger, Inc   2,114,541 
 26,898     Xylem, Inc   917,222 
       TOTAL CAPITAL GOODS   195,045,116 
              
COMMERCIAL & PROFESSIONAL SERVICES - 0.7%        
 26,347  e  ADT Corp   906,337 
 14,353     Cintas Corp   1,129,581 
 5,572     Dun & Bradstreet Corp   641,393 
 17,794     Equifax, Inc   1,502,881 
 47,598     Nielsen Holdings NV   2,073,369 
 30,436     Pitney Bowes, Inc   729,855 
 36,616     Republic Services, Inc   1,452,923 
 20,205     Robert Half International, Inc   1,173,102 
 12,565  *  Stericycle, Inc   1,649,659 
 61,818     Tyco International plc   2,522,793 
 62,337     Waste Management, Inc   3,205,992 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   16,987,885 
              
CONSUMER DURABLES & APPAREL - 1.4%        
 40,932     Coach, Inc   1,522,261 
 49,020     DR Horton, Inc   1,201,970 
 6,577  *  Fossil Group, Inc   643,231 
 18,318  *,e  Garmin Ltd   959,131 
 10,130     Harman International Industries, Inc   1,313,152 
 17,010  e  Hasbro, Inc   934,189 
 20,800     Leggett & Platt, Inc   886,704 
197

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
             
 25,915     Lennar Corp (Class A)  $ 1,163,843 
 49,096     Mattel, Inc    1,320,682 
 30,099  *  Michael Kors Holdings Ltd    2,130,708 
 8,856  *  Mohawk Industries, Inc    1,461,594 
 39,974     Newell Rubbermaid, Inc    1,473,841 
 102,341     Nike, Inc (Class B)    9,440,957 
 12,096     Phillips-Van Heusen Corp    1,333,705 
 48,613     Pulte Homes, Inc    1,000,942 
 8,914     Ralph Lauren Corp    1,487,658 
 24,741  *  Under Armour, Inc (Class A)    1,783,331 
 50,777     VF Corp    3,522,401 
 11,427     Whirlpool Corp    2,274,887 
       TOTAL CONSUMER DURABLES & APPAREL    35,855,187 
              
CONSUMER SERVICES - 1.8%       
 65,958     Carnival Corp    2,899,514 
 4,569  *  Chipotle Mexican Grill, Inc (Class A)    3,243,259 
 19,618     Darden Restaurants, Inc    1,204,153 
 40,958     H&R Block, Inc    1,404,040 
 30,900     Marriott International, Inc (Class A)    2,302,050 
 143,419     McDonald’s Corp    13,257,652 
 24,741     Royal Caribbean Cruises Ltd    1,869,183 
 109,766     Starbucks Corp    9,607,818 
 26,524     Starwood Hotels & Resorts Worldwide, Inc    1,908,932 
 18,104     Wyndham Worldwide Corp    1,516,934 
 12,084     Wynn Resorts Ltd    1,787,828 
 63,684     Yum! Brands, Inc    4,603,079 
       TOTAL CONSUMER SERVICES    45,604,442 
              
DIVERSIFIED FINANCIALS - 3.7%       
 8,238  *  Affiliated Managers Group, Inc    1,693,074 
 131,182     American Express Co    10,585,075 
 26,470     Ameriprise Financial, Inc    3,307,162 
 166,271     Bank of New York Mellon Corp    5,985,756 
 18,740     BlackRock, Inc    6,381,157 
 82,108     Capital One Financial Corp    6,011,127 
 168,056     Charles Schwab Corp    4,366,095 
 46,702     CME Group, Inc    3,983,681 
 66,364     Discover Financial Services    3,608,874 
 42,672  *  E*Trade Financial Corp    983,590 
 57,596     Franklin Resources, Inc    2,967,922 
 59,537     Goldman Sachs Group, Inc    10,264,774 
 16,535     IntercontinentalExchange Group, Inc    3,401,745 
 63,501     Invesco Ltd    2,332,392 
 15,345     Legg Mason, Inc    850,727 
 46,797     Leucadia National Corp    1,060,888 
 40,072     McGraw-Hill Financial, Inc    3,584,040 
 26,890     Moody’s Corp    2,455,864 
 224,153     Morgan Stanley    7,578,613 
 17,448     NASDAQ OMX Group, Inc    795,629 
 59,689     Navient Corp    1,178,261 
 32,461     Northern Trust Corp    2,122,300 
198

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
           
 24,000  e  SPDR Trust Series 1  $4,787,280 
 61,146     State Street Corp   4,372,550 
 38,181     T Rowe Price Group, Inc   3,005,608 
       TOTAL DIVERSIFIED FINANCIALS   97,664,184 
              
ENERGY - 8.3%        
 74,801     Anadarko Petroleum Corp   6,114,982 
 55,393     Apache Corp   3,465,940 
 63,944     Baker Hughes, Inc   3,708,113 
 60,756     Cabot Oil & Gas Corp   1,610,034 
 28,968  *  Cameron International Corp   1,297,187 
 77,082     Chesapeake Energy Corp   1,478,433 
 277,608     Chevron Corp   28,463,148 
 12,695     Cimarex Energy Co   1,310,124 
 180,966     ConocoPhillips   11,397,239 
 34,382     Consol Energy, Inc   995,359 
 53,714  e  Denbury Resources, Inc   370,627 
 56,269  *  Devon Energy Corp   3,391,333 
 10,037  e  Diamond Offshore Drilling, Inc   316,467 
 34,619     Ensco plc   970,717 
 80,674     EOG Resources, Inc   7,182,406 
 21,950     EQT Corp   1,633,958 
 623,037     Exxon Mobil Corp   54,465,895 
 34,463  *  FMC Technologies, Inc   1,291,673 
 124,996     Halliburton Co   4,998,590 
 15,488     Helmerich & Payne, Inc   922,465 
 37,098     Hess Corp   2,503,744 
 249,626     Kinder Morgan, Inc   10,247,147 
 99,764     Marathon Oil Corp   2,653,722 
 41,047     Marathon Petroleum Corp   3,800,542 
 24,717     Murphy Oil Corp   1,110,040 
 43,095     Nabors Industries Ltd   496,023 
 63,049     National Oilwell Varco, Inc   3,431,757 
 20,334  *  Newfield Exploration Co   605,547 
 37,328  e  Noble Corp plc   605,460 
 52,814     Noble Energy, Inc   2,521,340 
 113,614     Occidental Petroleum Corp   9,089,120 
 30,490     Oneok, Inc   1,342,475 
 81,126     Phillips 66   5,704,780 
 21,923     Pioneer Natural Resources Co   3,300,069 
 25,333     Questar Market Resources, Inc   512,233 
 24,854     Range Resources Corp   1,149,995 
 189,070     Schlumberger Ltd   15,577,477 
 56,993  *  Southwestern Energy Co   1,412,856 
 97,911     Spectra Energy Corp   3,274,144 
 18,494     Tesoro Corp   1,511,515 
 51,109  e  Transocean Ltd (NYSE)   833,077 
 76,815     Valero Energy Corp   4,061,977 
 98,507     Williams Cos, Inc   4,320,517 
       TOTAL ENERGY   215,450,247 
199

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
             
FOOD & STAPLES RETAILING - 2.5%        
 64,332     Costco Wholesale Corp  $ 9,198,833 
 168,523     CVS Corp    16,542,218 
 72,129     Kroger Co    4,980,507 
 86,793     Sysco Corp    3,399,682 
 128,026     Walgreens Boots Alliance, Inc    9,441,917 
 232,569     Wal-Mart Stores, Inc    19,763,713 
 53,123     Whole Foods Market, Inc    2,767,443 
       TOTAL FOOD & STAPLES RETAILING    66,094,313 
              
FOOD, BEVERAGE & TOBACCO - 5.3%       
 291,152     Altria Group, Inc    15,460,171 
 94,735     Archer Daniels Midland Co    4,417,493 
 22,935     Brown-Forman Corp (Class B)    2,038,234 
 26,284     Campbell Soup Co    1,202,230 
 579,289     Coca-Cola Co    23,849,328 
 31,933     Coca-Cola Enterprises, Inc    1,344,379 
 62,233     ConAgra Foods, Inc    2,204,915 
 24,796  *  Constellation Brands, Inc (Class A)    2,738,718 
 28,627     Dr Pepper Snapple Group, Inc    2,212,008 
 88,786     General Mills, Inc    4,659,489 
 21,694     Hershey Co    2,217,344 
 19,895     Hormel Foods Corp    1,019,022 
 14,952     J.M. Smucker Co    1,542,299 
 36,928     Kellogg Co    2,421,738 
 17,796     Keurig Green Mountain, Inc    2,181,078 
 86,268     Kraft Foods Group, Inc    5,636,751 
 52,663     Lorillard, Inc    3,455,219 
 18,988     McCormick & Co, Inc    1,355,553 
 29,477     Mead Johnson Nutrition Co    2,903,190 
 23,202     Molson Coors Brewing Co (Class B)    1,761,728 
 246,856     Mondelez International, Inc    8,699,205 
 21,166  *  Monster Beverage Corp    2,475,364 
 220,370     PepsiCo, Inc    20,666,299 
 228,529     Philip Morris International, Inc    18,337,167 
 44,908     Reynolds American, Inc    3,051,499 
 43,122     Tyson Foods, Inc (Class A)    1,683,483 
       TOTAL FOOD, BEVERAGE & TOBACCO    139,533,904 
              
HEALTH CARE EQUIPMENT & SERVICES - 4.9%       
 221,418     Abbott Laboratories    9,910,670 
 51,212     Aetna, Inc    4,702,286 
 30,726     AmerisourceBergen Corp    2,920,506 
 39,672     Anthem, Inc    5,354,133 
 10,943     Bard (C.R.), Inc    1,871,581 
 80,080     Baxter International, Inc    5,630,425 
 28,135     Becton Dickinson & Co    3,884,881 
 194,079  *  Boston Scientific Corp    2,874,310 
 48,654     Cardinal Health, Inc    4,047,526 
 30,210  *  CareFusion Corp    1,791,453 
 44,932  *  Cerner Corp    2,981,238 
 38,340     Cigna Corp    4,095,862 
 25,388  *  DaVita, Inc    1,905,623 
200

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
              
 21,240     Dentsply International, Inc  $ 1,062,531 
 15,762  *  Edwards Lifesciences Corp    1,975,767 
 108,242  *  Express Scripts Holding Co    8,736,212 
 44,555  *  HCA Holdings, Inc    3,154,494 
 22,639     Humana, Inc    3,315,255 
 5,351  *  Intuitive Surgical, Inc    2,645,963 
 12,475  *  Laboratory Corp of America Holdings    1,431,881 
 34,223     McKesson Corp    7,277,521 
 208,218     Medtronic plc    14,866,765 
 13,336     Patterson Cos, Inc    668,000 
 21,204     Quest Diagnostics, Inc    1,506,968 
 41,815     St. Jude Medical, Inc    2,754,354 
 44,240     Stryker Corp    4,028,052 
 14,341  *  Tenet Healthcare Corp    606,337 
 141,391     UnitedHealth Group, Inc    15,022,794 
 13,337     Universal Health Services, Inc (Class B)    1,367,443 
 14,673  *  Varian Medical Systems, Inc    1,358,133 
 25,134     Zimmer Holdings, Inc    2,817,521 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES    126,566,485 
              
HOUSEHOLD & PERSONAL PRODUCTS - 2.0%       
 63,009     Avon Products, Inc    487,690 
 19,132     Clorox Co    2,041,576 
 126,394     Colgate-Palmolive Co    8,534,123 
 32,800     Estee Lauder Cos (Class A)    2,315,352 
 54,466     Kimberly-Clark Corp    5,880,149 
 397,690     Procter & Gamble Co    33,521,290 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS    52,780,180 
              
INSURANCE - 4.1%       
 49,024     ACE Ltd    5,292,631 
 66,067     Aflac, Inc    3,771,104 
 61,151     Allstate Corp    4,267,728 
 205,254     American International Group, Inc    10,030,763 
 41,804     Aon plc    3,764,450 
 10,864     Assurant, Inc    689,973 
 267,897  *  Berkshire Hathaway, Inc (Class B)    38,553,057 
 34,598     Chubb Corp    3,387,144 
 22,072     Cincinnati Financial Corp    1,114,857 
 68,790  *  Genworth Financial, Inc (Class A)    480,154 
 63,761     Hartford Financial Services Group, Inc    2,480,303 
 38,575     Lincoln National Corp    1,927,978 
 44,203     Loews Corp    1,691,207 
 78,832     Marsh & McLennan Cos, Inc    4,238,797 
 166,433     Metlife, Inc    7,739,135 
 39,911     Principal Financial Group    1,873,023 
 79,224     Progressive Corp    2,055,863 
 67,343     Prudential Financial, Inc    5,109,987 
 19,371     Torchmark Corp    969,906 
 48,907     Travelers Cos, Inc    5,028,618 
 37,039     UnumProvident Corp    1,150,431 
 38,478     XL Capital Ltd    1,327,106 
       TOTAL INSURANCE   106,944,215 
201

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
              
MATERIALS - 3.2%        
 28,002     Air Products & Chemicals, Inc  $4,077,371 
 9,909     Airgas, Inc   1,116,150 
 174,749     Alcoa, Inc   2,734,822 
 16,829     Allegheny Technologies, Inc   480,131 
 13,734     Avery Dennison Corp   717,876 
 19,335     Ball Corp   1,224,486 
 7,350     CF Industries Holdings, Inc   2,244,543 
 162,301     Dow Chemical Co   7,329,513 
 133,125     Du Pont (E.I.) de Nemours & Co   9,479,831 
 21,809     Eastman Chemical Co   1,546,040 
 39,706     Ecolab, Inc   4,120,292 
 19,775     FMC Corp   1,137,062 
 153,778     Freeport-McMoRan Copper & Gold, Inc (Class B)   2,585,008 
 11,919     International Flavors & Fragrances, Inc   1,264,725 
 62,227     International Paper Co   3,276,874 
 60,969     LyondellBasell Industries AF S.C.A   4,822,038 
 9,376     Martin Marietta Materials, Inc   1,010,170 
 23,759     MeadWestvaco Corp   1,194,603 
 71,174     Monsanto Co   8,397,109 
 46,339     Mosaic Co   2,256,246 
 73,795     Newmont Mining Corp   1,855,944 
 46,221     Nucor Corp   2,017,547 
 24,293  *  Owens-Illinois, Inc   567,242 
 20,171     PPG Industries, Inc   4,495,712 
 42,504     Praxair, Inc   5,125,557 
 30,233     Sealed Air Corp   1,224,436 
 12,053     Sherwin-Williams Co   3,269,617 
 17,609     Sigma-Aldrich Corp   2,421,590 
 19,378     Vulcan Materials Co   1,366,343 
       TOTAL MATERIALS   83,358,878 
              
MEDIA - 3.4%        
 33,057  e  Cablevision Systems Corp (Class A)   625,438 
 69,364     CBS Corp (Class B)   3,801,841 
 379,350     Comcast Corp (Class A)   20,160,556 
 74,173  *  DIRECTV   6,325,473 
 22,772  *  Discovery Communications, Inc (Class A)   660,046 
 39,861  *  Discovery Communications, Inc (Class C)   1,111,325 
 31,919     Gannett Co, Inc   989,808 
 62,202     Interpublic Group of Cos, Inc   1,240,308 
 74,248  *  News Corp   1,105,553 
 36,487     Omnicom Group, Inc   2,656,254 
 14,810     Scripps Networks Interactive (Class A)   1,052,843 
 41,401     Time Warner Cable, Inc   5,635,918 
 123,158     Time Warner, Inc   9,597,703 
 273,470     Twenty-First Century Fox, Inc   9,068,265 
 54,414     Viacom, Inc (Class B)   3,505,350 
 229,305     Walt Disney Co   20,857,583 
       TOTAL MEDIA   88,394,264 
202

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
              
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 10.1%       
 234,731     AbbVie, Inc  $ 14,166,016 
 39,075  *  Actavis plc    10,415,050 
 48,976     Agilent Technologies, Inc    1,849,823 
 29,308  *  Alexion Pharmaceuticals, Inc    5,370,398 
 43,927     Allergan, Inc    9,631,434 
 112,034     Amgen, Inc    17,058,297 
 34,804  *  Biogen Idec, Inc    13,544,325 
 244,373     Bristol-Myers Squibb Co    14,728,361 
 117,677  *  Celgene Corp    14,022,391 
 144,465     Eli Lilly & Co    10,401,480 
 24,065  *  Endo International plc    1,915,815 
 221,554  *  Gilead Sciences, Inc    23,225,506 
 24,837  *  Hospira, Inc    1,575,411 
 411,335     Johnson & Johnson    41,191,087 
 16,932  *  Mallinckrodt plc    1,794,623 
 419,026     Merck & Co, Inc    25,258,887 
 54,978  *  Mylan Laboratories, Inc    2,922,081 
 17,444  *  PerkinElmer, Inc    797,365 
 20,654     Perrigo Co plc    3,134,038 
 927,410     Pfizer, Inc    28,981,562 
 10,840  *  Regeneron Pharmaceuticals, Inc    4,516,594 
 58,495     Thermo Electron Corp    7,324,159 
 35,390  *  Vertex Pharmaceuticals, Inc    3,897,854 
 12,353  *  Waters Corp    1,470,625 
 73,242     Zoetis Inc    3,129,631 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES    262,322,813 
              
REAL ESTATE - 2.6%      
 58,140     American Tower Corp    5,636,673 
 22,417     Apartment Investment & Management Co (Class A)    893,542 
 19,491     AvalonBay Communities, Inc    3,371,748 
 22,485     Boston Properties, Inc    3,120,918 
 41,279  *  CBRE Group, Inc    1,334,963 
 49,400     Crown Castle International Corp    4,273,594 
 52,889     Equity Residential    4,104,715 
 9,427     Essex Property Trust, Inc    2,130,973 
 90,677     General Growth Properties, Inc    2,736,632 
 67,568     HCP, Inc    3,195,291 
 48,148     Health Care REIT, Inc    3,945,729 
 111,225     Host Marriott Corp    2,545,940 
 27,170     Iron Mountain, Inc    1,082,453 
 60,727     Kimco Realty Corp    1,679,102 
 20,768     Macerich Co    1,786,256 
 25,697     Plum Creek Timber Co, Inc    1,144,030 
 73,579     Prologis, Inc    3,321,356 
 21,261     Public Storage, Inc    4,270,059 
 45,834     Simon Property Group, Inc    9,105,382 
 47,230     Ventas, Inc    3,769,426 
 25,694     Vornado Realty Trust    2,837,645 
 77,089     Weyerhaeuser Co    2,763,641 
       TOTAL REAL ESTATE   69,050,068 
203

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
              
RETAILING - 4.5%        
 55,921  *  Amazon.com, Inc  $19,825,672 
 11,283  *  Autonation, Inc   672,692 
 4,692  *  AutoZone, Inc   2,800,936 
 27,332  *  Bed Bath & Beyond, Inc   2,043,614 
 43,066     Best Buy Co, Inc   1,515,923 
 31,558  *  Carmax, Inc   1,959,752 
 44,851  *  Dollar General Corp   3,007,708 
 30,470  *  Dollar Tree, Inc   2,166,417 
 14,777     Expedia, Inc   1,269,788 
 14,228     Family Dollar Stores, Inc   1,082,751 
 16,075  e  GameStop Corp (Class A)   566,644 
 38,500     Gap, Inc   1,585,815 
 22,368     Genuine Parts Co   2,078,882 
 193,493     Home Depot, Inc   20,204,539 
 29,719     Kohl’s Corp   1,774,819 
 36,204     L Brands, Inc   3,063,944 
 142,677     Lowe’s Companies, Inc   9,667,794 
 50,711     Macy’s, Inc   3,239,419 
 8,900  *  NetFlix, Inc   3,932,020 
 20,684     Nordstrom, Inc   1,576,121 
 14,973  *  O’Reilly Automotive, Inc   2,805,341 
 14,831     Petsmart, Inc   1,211,767 
 7,697  *  Priceline.com, Inc   7,769,968 
 30,831     Ross Stores, Inc   2,827,511 
 94,001     Staples, Inc   1,602,717 
 93,499     Target Corp   6,882,461 
 16,394     Tiffany & Co   1,420,376 
 101,040     TJX Companies, Inc   6,662,578 
 19,950     Tractor Supply Co   1,619,341 
 16,437  *  TripAdvisor, Inc   1,101,443 
 15,719  *  Urban Outfitters, Inc   547,964 
       TOTAL RETAILING   118,486,717 
              
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.3%        
 44,687     Altera Corp   1,471,320 
 45,913     Analog Devices, Inc   2,392,297 
 179,050     Applied Materials, Inc   4,089,502 
 37,306     Avago Technologies Ltd   3,838,041 
 78,765     Broadcom Corp (Class A)   3,342,393 
 11,952  *  First Solar, Inc   505,809 
 710,081     Intel Corp   23,461,076 
 24,343     Kla-Tencor Corp   1,496,364 
 23,488     Lam Research Corp   1,795,423 
 35,392     Linear Technology Corp   1,590,516 
 29,581  e  Microchip Technology, Inc   1,334,103 
 157,933  *  Micron Technology, Inc   4,621,909 
 76,128     Nvidia Corp   1,462,038 
 155,413     Texas Instruments, Inc   8,306,825 
 39,129     Xilinx, Inc   1,509,401 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   61,217,017 
204

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
              
SOFTWARE & SERVICES - 10.2%        
 92,069     Accenture plc  $7,736,558 
 69,533  *  Adobe Systems, Inc   4,876,349 
 26,474  *  Akamai Technologies, Inc   1,539,596 
 9,408  *  Alliance Data Systems Corp   2,717,313 
 33,396  *  Autodesk, Inc   1,803,551 
 70,677     Automatic Data Processing, Inc   5,832,973 
 47,073     CA, Inc   1,426,312 
 23,870  *  Citrix Systems, Inc   1,414,536 
 89,159  *  Cognizant Technology Solutions Corp (Class A)   4,826,177 
 20,557     Computer Sciences Corp   1,247,399 
 165,835  *  eBay, Inc   8,789,255 
 45,340  *  Electronic Arts, Inc   2,487,352 
 307,034  *  Facebook, Inc   23,306,951 
 41,693     Fidelity National Information Services, Inc   2,602,894 
 35,744  *  Fiserv, Inc   2,592,512 
 41,932  *  Google, Inc   22,413,493 
 41,971  *  Google, Inc (Class A)   22,561,511 
 135,331     International Business Machines Corp   20,747,595 
 41,882     Intuit, Inc   3,636,195 
 144,435     Mastercard, Inc (Class A)   11,848,003 
 1,212,845     Microsoft Corp   48,998,938 
 475,158     Oracle Corp   19,904,369 
 47,881     Paychex, Inc   2,167,094 
 27,547  *  Red Hat, Inc   1,757,223 
 86,441  *  Salesforce.com, Inc   4,879,595 
 100,656     Symantec Corp   2,493,249 
 23,139  *  Teradata Corp   1,031,074 
 24,738     Total System Services, Inc   874,983 
 16,592  *,e  VeriSign, Inc   903,932 
 71,934     Visa, Inc (Class A)   18,336,696 
 77,728  e  Western Union Co   1,321,376 
 158,531     Xerox Corp   2,087,853 
 129,455  *  Yahoo!, Inc   5,694,725 
       TOTAL SOFTWARE & SERVICES   264,857,632 
              
TECHNOLOGY HARDWARE & EQUIPMENT - 6.9%        
 45,420     Amphenol Corp (Class A)   2,439,508 
 862,748     Apple, Inc   101,079,556 
 750,860     Cisco Systems, Inc   19,796,424 
 188,423     Corning, Inc   4,478,815 
 297,962     EMC Corp   7,726,155 
 10,847  *  F5 Networks, Inc   1,210,742 
 21,755     Flir Systems, Inc   657,001 
 15,687     Harris Corp   1,053,068 
 273,633     Hewlett-Packard Co   9,886,360 
 57,049     Juniper Networks, Inc   1,296,724 
 31,103     Motorola, Inc   1,941,138 
 46,048     NetApp, Inc   1,740,614 
 243,977     Qualcomm, Inc   15,238,803 
205

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
              
 32,243     SanDisk Corp  $2,447,566 
 48,058     Seagate Technology, Inc   2,712,394 
 59,776     TE Connectivity Ltd   3,968,529 
 32,233     Western Digital Corp   3,134,015 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   180,807,412 
              
TELECOMMUNICATION SERVICES - 2.3%        
 763,626     AT&T, Inc   25,138,568 
 82,669     CenturyTel, Inc   3,072,807 
 149,812  e  Frontier Communications Corp   1,005,988 
 40,700  *  Level 3 Communications, Inc   2,024,418 
 609,975     Verizon Communications, Inc   27,881,957 
 91,258     Windstream Holdings, Inc   725,501 
       TOTAL TELECOMMUNICATION SERVICES   59,849,239 
              
TRANSPORTATION - 2.2%        
 21,732     CH Robinson Worldwide, Inc   1,547,753 
 146,249     CSX Corp   4,870,092 
 123,307     Delta Air Lines, Inc   5,833,654 
 28,890     Expeditors International of Washington, Inc   1,261,915 
 38,442     FedEx Corp   6,500,927 
 16,299     Kansas City Southern Industries, Inc   1,794,357 
 45,762     Norfolk Southern Corp   4,666,351 
 7,693     Ryder System, Inc   636,903 
 99,932     Southwest Airlines Co   4,514,928 
 130,835     Union Pacific Corp   15,335,170 
 102,769     United Parcel Service, Inc (Class B)   10,157,688 
       TOTAL TRANSPORTATION   57,119,738 
              
UTILITIES - 3.4%        
 96,566     AES Corp   1,180,036 
 17,647     AGL Resources, Inc   994,938 
 35,578     Ameren Corp   1,610,972 
 71,917     American Electric Power Co, Inc   4,517,107 
 62,601     Centerpoint Energy, Inc   1,445,457 
 40,619     CMS Energy Corp   1,532,555 
 43,215     Consolidated Edison, Inc   2,993,935 
 85,867     Dominion Resources, Inc   6,602,313 
 25,998     DTE Energy Co   2,330,981 
 104,315     Duke Energy Corp   9,090,009 
 47,838     Edison International   3,260,160 
 26,739     Entergy Corp   2,339,930 
 126,291     Exelon Corp   4,551,528 
 61,819     FirstEnergy Corp   2,493,160 
 12,108     Integrys Energy Group, Inc   981,959 
 64,194     NextEra Energy, Inc   7,012,552 
 46,397     NiSource, Inc   2,007,134 
 46,724     Northeast Utilities   2,596,920 
 50,576     NRG Energy, Inc   1,247,204 
 38,015     Pepco Holdings, Inc   1,043,512 
 69,186     PG&E Corp   4,068,829 
 16,482     Pinnacle West Capital Corp   1,156,707 
206

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
              
 97,060     PPL Corp  $3,445,630 
 74,119     Public Service Enterprise Group, Inc   3,163,399 
 20,962     SCANA Corp   1,336,747 
 34,223     Sempra Energy   3,830,238 
 132,835     Southern Co   6,737,391 
 36,293     TECO Energy, Inc   774,130 
 33,170  e  Wisconsin Energy Corp   1,849,891 
 72,195     Xcel Energy, Inc   2,709,478 
       TOTAL UTILITIES   88,904,802 
             
       TOTAL COMMON STOCKS   2,606,439,312 
       (Cost $1,882,209,984)     
             
SHORT-TERM INVESTMENTS - 0.7%        
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.7%        
 19,253,535  c  TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		   19,253,535 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   19,253,535 
       TOTAL SHORT-TERM INVESTMENTS   19,253,535 
       (Cost $19,253,535)     
             
       TOTAL INVESTMENTS - 100.6%   2,625,692,847 
       (Cost $1,901,463,519)     
       OTHER ASSETS & LIABILITIES, NET - (0.6)%   (15,077,003)
       NET ASSETS - 100.0%  $2,610,615,844 
       
       
      Abbreviation(s):
      REIT Real Estate Investment Trust
      SPDR Standard & Poor’s Depository Receipts
         
  *   Non-income producing.
  c   Investments made with cash collateral received from securities on loan.
  e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $18,634,772.
207

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

TIAA-CREF FUNDS

SMALL-CAP BLEND INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

SHARES     COMPANY  VALUE 
           
COMMON STOCKS - 99.5%
              
AUTOMOBILES & COMPONENTS - 1.2%
 63,804  *  American Axle & Manufacturing Holdings, Inc  $1,553,627 
 54,462     Cooper Tire & Rubber Co   1,894,733 
 12,253  *  Cooper-Standard Holding, Inc   640,219 
 159,265     Dana Holding Corp   3,323,861 
 25,149  *,e  Dorman Products, Inc   1,150,064 
 22,488     Drew Industries, Inc   1,130,697 
 29,030  *  Federal Mogul Corp (Class A)   392,776 
 9,053  *  Fox Factory Holding Corp   137,515 
 13,759  *  Fuel Systems Solutions, Inc   147,772 
 33,799  *  Gentherm, Inc   1,243,127 
 46,498  *  Modine Manufacturing Co   566,811 
 16,775  *  Motorcar Parts of America, Inc   438,163 
 29,000     Remy International, Inc   616,830 
 7,143  *  Shiloh Industries, Inc   87,359 
 32,064     Spartan Motors, Inc   167,053 
 18,844     Standard Motor Products, Inc   687,052 
 26,814  *  Stoneridge, Inc   338,393 
 3,596     Strattec Security Corp   226,548 
 22,475     Superior Industries International, Inc   410,169 
 57,420  *  Tenneco, Inc   2,952,536 
 19,596  *  Tower International, Inc   463,837 
 27,008     Winnebago Industries, Inc   537,189 
       TOTAL AUTOMOBILES & COMPONENTS   19,106,331 
              
BANKS - 9.0%
 13,637     1st Source Corp   405,428 
 8,079     American National Bankshares, Inc   173,860 
 23,988     Ameris Bancorp   578,830 
 8,247  e  Ames National Corp   198,175 
 6,206  *  Anchor BanCorp Wisconsin, Inc   207,901 
 31,160     Apollo Residential Mortgage   487,654 
 11,202  e  Arrow Financial Corp   286,435 
 82,325     Astoria Financial Corp   1,006,835 
 28,260  e  Banc of California, Inc   289,665 
 6,376     Bancfirst Corp   367,640 
 28,088     Banco Latinoamericano de Exportaciones S.A. (Class E)   782,813 
 90,086     Bancorpsouth, Inc   1,788,207 
 47,368     Bank Mutual Corp   301,734 
 5,980     Bank of Kentucky Financial Corp   265,751 
 5,477     Bank of Marin Bancorp   268,428 
 74,209     Bank of the Ozarks, Inc   2,406,598 
 18,547     BankFinancial Corp   209,767 
 17,677     Banner Corp   713,797 
 75,647     BBCN Bancorp, Inc   979,629 
208

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 7,909  *  BBX Capital Corp  $111,833 
 31,447  *  Beneficial Bancorp, Inc   339,313 
 23,361     Berkshire Hills Bancorp, Inc   581,689 
 26,535  *  Blue Hills Bancorp, Inc   352,650 
 19,705     BNC Bancorp   314,886 
 13,375  *,e  BofI Holding, Inc   1,128,315 
 76,097     Boston Private Financial Holdings, Inc   837,067 
 12,449     Bridge Bancorp, Inc   307,241 
 9,355  *  Bridge Capital Holdings   204,407 
 66,075     Brookline Bancorp, Inc   634,320 
 13,378     Bryn Mawr Bank Corp   389,969 
 3,033  *,e  C1 Financial, Inc   50,894 
 7,900     Camden National Corp   293,564 
 23,528  *  Capital Bank Financial Corp   574,554 
 10,709     Capital City Bank Group, Inc   160,635 
 133,702     Capitol Federal Financial   1,665,927 
 30,398     Cardinal Financial Corp   541,388 
 25,451  *  Cascade Bancorp   117,584 
 73,166     Cathay General Bancorp   1,747,936 
 33,816     Centerstate Banks of Florida, Inc   372,314 
 14,794     Central Pacific Financial Corp   310,378 
 3,258     Century Bancorp, Inc   126,345 
 16,030     Charter Financial Corp   179,536 
 32,131     Chemical Financial Corp   911,235 
 11,842     Citizens & Northern Corp   228,906 
 14,208  e  City Holding Co   601,425 
 23,234     Clifton Bancorp, Inc   308,083 
 13,729     CNB Financial Corp   233,393 
 35,823     CoBiz, Inc   390,471 
 53,533     Columbia Banking System, Inc   1,361,344 
 38,816     Community Bank System, Inc   1,305,382 
 13,786     Community Trust Bancorp, Inc   435,362 
 10,837  *  CommunityOne Bancorp   105,769 
 22,155     ConnectOne Bancorp, Inc   407,652 
 8,295  *,e  CU Bancorp   168,554 
 23,838  *  Customers Bancorp, Inc   468,417 
 102,629     CVB Financial Corp   1,499,410 
 30,663     Dime Community Bancshares   452,586 
 23,971  *  Eagle Bancorp, Inc   819,808 
 7,076     Enterprise Bancorp, Inc   144,704 
 19,421     Enterprise Financial Services Corp   371,135 
 9,396     ESB Financial Corp   157,007 
 42,225  *  Essent Group Ltd   987,643 
 85,622     EverBank Financial Corp   1,494,104 
 7,680  *,e  FCB Financial Holdings, Inc   173,491 
 9,895     Federal Agricultural Mortgage Corp (Class C)   272,607 
 16,594     Fidelity Southern Corp   253,722 
 13,204     Financial Institutions, Inc   290,884 
 18,733     First Bancorp (NC)   310,968 
 99,028  *  First Bancorp (Puerto Rico)   543,664 
 8,470     First Bancorp, Inc   140,433 
 69,328     First Busey Corp   427,060 
209

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 3,202     First Business Financial Services, Inc  $140,152 
 9,056     First Citizens Bancshares, Inc (Class A)   2,210,117 
 89,428     First Commonwealth Financial Corp   705,587 
 15,815     First Community Bancshares, Inc   248,137 
 16,091     First Connecticut Bancorp   237,342 
 8,839     First Defiance Financial Corp   269,236 
 54,402     First Financial Bancorp   898,721 
 63,006  e  First Financial Bankshares, Inc   1,556,248 
 11,276     First Financial Corp   365,455 
 15,614     First Financial Northwest, Inc   187,212 
 17,219     First Interstate Bancsystem, Inc   411,534 
 34,674     First Merchants Corp   757,280 
 71,621     First Midwest Bancorp, Inc   1,102,963 
 13,876  *  First NBC Bank Holding Co   429,601 
 12,507     First of Long Island Corp   291,538 
 154,407     FirstMerit Corp   2,529,959 
 18,797  *  Flagstar Bancorp, Inc   267,105 
 28,546     Flushing Financial Corp   516,683 
 164,923     FNB Corp   1,979,076 
 11,568     Fox Chase Bancorp, Inc   187,864 
 12,538     German American Bancorp, Inc   351,064 
 71,918     Glacier Bancorp, Inc   1,601,614 
 9,949     Great Southern Bancorp, Inc   359,358 
 17,593  *  Great Western Bancorp, Inc   355,379 
 4,370  *  Green Bancorp, Inc   46,322 
 14,000     Guaranty Bancorp   187,320 
 29,360  *,e  Hampton Roads Bankshares, Inc   47,563 
 77,428     Hancock Holding Co   2,021,645 
 30,248     Hanmi Financial Corp   600,725 
 14,470     Heartland Financial USA, Inc   399,661 
 18,150     Heritage Commerce Corp   151,734 
 28,675     Heritage Financial Corp   445,036 
 21,368     Heritage Oaks Bancorp   164,106 
 71,320  *  Hilltop Holdings, Inc   1,294,458 
 52,380     Home Bancshares, Inc   1,551,496 
 67,545  e  Home Loan Servicing Solutions Ltd   814,593 
 13,054     HomeStreet, Inc   230,534 
 19,007  *  HomeTrust Bancshares, Inc   293,658 
 8,976     Horizon Bancorp   200,883 
 13,543     Hudson Valley Holding Corp   334,106 
 29,686     IBERIABANK Corp   1,621,152 
 20,524     Independent Bank Corp (MA)   776,423 
 21,819     Independent Bank Corp (MI)   268,374 
 8,666     Independent Bank Group, Inc   270,466 
 53,248     International Bancshares Corp   1,198,612 
 335,883     Investors Bancorp, Inc   3,698,072 
 12,681  *  Kearny Financial Corp   164,853 
 14,591  *  Ladder Capital Corp   273,727 
 35,992     Lakeland Bancorp, Inc   388,354 
 15,257     Lakeland Financial Corp   575,799 
 38,005  *  LegacyTexas Financial Group, Inc   753,259 
 5,995  *  LendingTree, Inc   246,874 
210

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 24,759     Macatawa Bank Corp  $130,480 
 19,388     MainSource Financial Group, Inc   372,250 
 62,047     MB Financial, Inc   1,762,755 
 12,682     Mercantile Bank Corp   240,958 
 4,111     Merchants Bancshares, Inc   110,051 
 18,081  *  Meridian Bancorp, Inc   209,920 
 5,476     Meta Financial Group, Inc   183,282 
 316,125  *  MGIC Investment Corp   2,693,385 
 7,893     Midsouth Bancorp, Inc   110,028 
 6,649     MidWestOne Financial Group, Inc   186,305 
 39,105     National Bank Holdings Corp   721,487 
 6,624  e  National Bankshares, Inc   193,553 
 112,604     National Penn Bancshares, Inc   1,092,259 
 40,584     NBT Bancorp, Inc   933,838 
 32,037  *  NewBridge Bancorp   251,170 
 48,071  *,e  NMI Holdings, Inc   370,147 
 49,271     Northfield Bancorp, Inc   709,502 
 5,626     Northrim BanCorp, Inc   116,627 
 89,007     Northwest Bancshares, Inc   1,050,283 
 12,082     OceanFirst Financial Corp   195,728 
 42,843  e  OFG Bancorp   689,772 
 7,938     Old Line Bancshares, Inc   114,625 
 108,552     Old National Bancorp   1,455,682 
 4,359  *  Opus Bank   113,770 
 44,556     Oritani Financial Corp   628,685 
 17,062     Pacific Continental Corp   215,664 
 15,674  *  Pacific Premier Bancorp, Inc   232,916 
 3,918  e  Palmetto Bancshares, Inc   64,020 
 12,058  e  Park National Corp   969,584 
 41,895     Park Sterling Bank   280,696 
 11,453     Peapack Gladstone Financial Corp   204,207 
 4,955     Penns Woods Bancorp, Inc   220,052 
 13,626  *  Pennsylvania Commerce Bancorp, Inc   346,918 
 12,393  *  PennyMac Financial Services, Inc   223,322 
 10,656     Peoples Bancorp, Inc   243,490 
 7,171  e  Peoples Financial Services Corp   323,627 
 33,828     Pinnacle Financial Partners, Inc   1,215,778 
 11,131     Preferred Bank   290,630 
 66,827     PrivateBancorp, Inc   2,027,531 
 65,386     Prosperity Bancshares, Inc   2,994,025 
 57,548     Provident Financial Services, Inc   999,033 
 181,517  e  Radian Group, Inc   2,860,708 
 29,921     Renasant Corp   782,733 
 10,205     Republic Bancorp, Inc (Class A)   232,572 
 29,313  *,e  Republic First Bancorp, Inc   100,544 
 28,504     S&T Bancorp, Inc   783,575 
 24,229     Sandy Spring Bancorp, Inc   599,183 
 18,502  *  Seacoast Banking Corp of Florida   234,235 
 1,209     ServisFirst Bancshares, Inc   36,754 
 10,766     Sierra Bancorp   170,533 
 15,506     Simmons First National Corp (Class A)   580,235 
 22,932     South State Corp   1,369,270 
211

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 22,863  e  Southside Bancshares, Inc  $624,160 
 18,853     Southwest Bancorp, Inc   287,697 
 5,332  *  Square  Financial, Inc   124,022 
 30,509     State Bank & Trust Co   557,094 
 79,567     Sterling Bancorp/DE   1,048,693 
 13,947     Stock Yards Bancorp, Inc   429,568 
 8,506     Stonegate Bank   236,382 
 13,635  *,e  Stonegate Mortgage Corp   137,168 
 11,040     Suffolk Bancorp   253,920 
 8,107  *  Sun Bancorp, Inc   148,358 
 177,062     Susquehanna Bancshares, Inc   2,232,752 
 21,809     Talmer Bancorp Inc   294,858 
 7,390     Territorial Bancorp, Inc   160,659 
 43,227  *  Texas Capital Bancshares, Inc   1,765,823 
 31,486  *  The Bancorp, Inc   268,261 
 13,382     Tompkins Trustco, Inc   686,095 
 40,410  e  TowneBank   586,349 
 21,150     Trico Bancshares   493,852 
 18,299  *  Tristate Capital Holdings, Inc   173,109 
 7,158  *,e  Triumph Bancorp, Inc   93,054 
 90,945     Trustco Bank Corp NY   584,776 
 63,930     Trustmark Corp   1,365,545 
 35,202     UMB Financial Corp   1,708,001 
 155,374     Umpqua Holdings Corp   2,409,851 
 43,758     Union Bankshares Corp   875,160 
 66,515  e  United Bankshares, Inc   2,248,872 
 47,032     United Community Banks, Inc   823,530 
 47,920     United Community Financial Corp   258,768 
 51,046     United Financial Bancorp, Inc (New)   635,012 
 15,335     Univest Corp of Pennsylvania   284,004 
 210,407  e  Valley National Bancorp   1,910,496 
 17,596  *  Walker & Dunlop, Inc   312,329 
 94,639     Washington Federal, Inc   1,879,531 
 14,276     Washington Trust Bancorp, Inc   522,787 
 32,757     Waterstone Financial, Inc   415,359 
 84,802     Webster Financial Corp   2,589,005 
 24,743     WesBanco, Inc   746,744 
 15,179     West Bancorporation, Inc   248,328 
 24,807  e  Westamerica Bancorporation   1,009,149 
 70,282  *  Western Alliance Bancorp   1,806,950 
 66,847     Wilshire Bancorp, Inc   608,308 
 43,468     Wintrust Financial Corp   1,889,554 
 8,471     WSFS Financial Corp   625,668 
 18,945  *  Yadkin Financial Corp   361,092 
       TOTAL BANKS   145,265,211 
              
CAPITAL GOODS - 7.9%
 39,529     Aaon, Inc   862,127 
 37,645     AAR Corp   1,078,906 
 36,473  *  Accuride Corp   160,481 
 26,527     Aceto Corp   514,624 
 60,867     Actuant Corp (Class A)   1,406,636 
212

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 14,212     Advanced Drainage Systems, Inc  $353,452 
 36,704  *  Aegion Corp   562,305 
 18,090  *  Aerovironment, Inc   462,923 
 60,165     Aircastle Ltd   1,206,910 
 6,782     Alamo Group, Inc   305,529 
 26,779     Albany International Corp (Class A)   913,967 
 26,030     Altra Holdings, Inc   665,066 
 18,971  *  Ameresco, Inc   110,601 
 8,798  e  American Railcar Industries, Inc   441,660 
 7,186     American Science & Engineering, Inc   333,430 
 11,716  *  American Woodmark Corp   481,879 
 27,668     Apogee Enterprises, Inc   1,196,918 
 38,962     Applied Industrial Technologies, Inc   1,575,234 
 2,910  *,e  ARC Group Worldwide, Inc   22,378 
 11,894     Argan, Inc   361,697 
 93,085  *  ArvinMeritor, Inc   1,191,488 
 17,963     Astec Industries, Inc   638,764 
 17,552  *  Astronics Corp   977,471 
 24,833     AZZ, Inc   1,047,704 
 50,435     Barnes Group, Inc   1,732,442 
 45,868  *  Beacon Roofing Supply, Inc   1,086,613 
 47,062  *  Blount International, Inc   729,461 
 44,643     Briggs & Stratton Corp   821,878 
 43,338  *  Builders FirstSource, Inc   256,561 
 16,619  *  CAI International, Inc   348,500 
 311,743  *,e  Capstone Turbine Corp   193,312 
 29,017  *  Chart Industries, Inc   826,985 
 16,791     CIRCOR International, Inc   829,307 
 47,407     Clarcor, Inc   2,964,360 
 18,886     Columbus McKinnon Corp   473,094 
 34,200     Comfort Systems USA, Inc   569,430 
 25,195  *  Commercial Vehicle Group, Inc   139,328 
 11,477  *  Continental Building Products Inc   192,125 
 18,962     Cubic Corp   991,523 
 45,288     Curtiss-Wright Corp   3,013,011 
 70,753  *  DigitalGlobe, Inc   1,902,548 
 21,162     Douglas Dynamics, Inc   427,261 
 10,402  *  Ducommun, Inc   270,140 
 12,319  *  DXP Enterprises, Inc   505,325 
 32,261  *  Dycom Industries, Inc   993,961 
 13,747     Dynamic Materials Corp   194,658 
 63,233     EMCOR Group, Inc   2,552,084 
 20,011     Encore Wire Corp   612,937 
 39,009  *,e  Energy Recovery, Inc   128,730 
 43,890     EnerSys   2,562,298 
 16,710  *  Engility Holdings, Inc   666,729 
 17,290  *,e  Enphase Energy, Inc   214,223 
 21,612  *  EnPro Industries, Inc   1,282,240 
 5,371  *,e  Erickson Air-Crane, Inc   37,866 
 24,610     ESCO Technologies, Inc   886,452 
 30,062  *  Esterline Technologies Corp   3,369,649 
 59,841     Federal Signal Corp   913,772 
213

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 44,603     Franklin Electric Co, Inc  $1,525,869 
 11,886     Freightcar America, Inc   277,419 
 207,649  *,e  FuelCell Energy, Inc   249,179 
 36,582  *  Furmanite Corp   268,146 
 56,862  *,e  GenCorp, Inc   955,282 
 64,597  e  Generac Holdings, Inc   2,825,473 
 46,241     General Cable Corp   528,997 
 6,178  *,e  General Finance Corp   45,903 
 29,355  *  Gibraltar Industries, Inc   444,435 
 18,481     Global Brass & Copper Holdings, Inc   242,656 
 16,227     Global Power Equipment Group, Inc   200,079 
 17,604     Gorman-Rupp Co   501,890 
 111,767  *,e  GrafTech International Ltd   405,714 
 9,437     Graham Corp   195,252 
 36,412     Granite Construction, Inc   1,240,921 
 56,937  *  Great Lakes Dredge & Dock Corp   442,400 
 26,229  e  Greenbrier Cos, Inc   1,362,072 
 39,023     Griffon Corp   573,248 
 29,587     H&E Equipment Services, Inc   518,956 
 76,796     Harsco Corp   1,133,509 
 63,168     Heico Corp   3,833,034 
 59,261     Hillenbrand, Inc   1,861,388 
 17,906     Houston Wire & Cable Co   198,219 
 5,313     Hurco Cos, Inc   186,380 
 9,765     Hyster-Yale Materials Handling, Inc   611,777 
 49,217  *  II-VI, Inc   846,040 
 17,354     Insteel Industries, Inc   354,369 
 26,890     John Bean Technologies Corp   811,809 
 10,616     Kadant, Inc   421,880 
 25,569     Kaman Corp   972,133 
 30,072  *,e  KEYW Holding Corp   267,340 
 43,981  *  Kratos Defense & Security Solutions, Inc   213,748 
 18,846  *,e  Layne Christensen Co   152,464 
 9,425     LB Foster Co (Class A)   446,839 
 11,289  e  Lindsay Manufacturing Co   975,595 
 10,265  *  LMI Aerospace, Inc   145,763 
 20,502     LSI Industries, Inc   150,485 
 16,573  *  Lydall, Inc   456,586 
 13,621  *,e  Manitex International, Inc   149,014 
 27,952  *  Masonite International Corp   1,753,149 
 61,466  *  Mastec, Inc   1,138,350 
 10,709     Miller Industries, Inc   216,322 
 39,317  *  Moog, Inc (Class A)   2,763,985 
 53,926     Mueller Industries, Inc   1,692,737 
 151,867     Mueller Water Products, Inc (Class A)   1,553,599 
 19,863  *  MYR Group, Inc   497,171 
 4,433  e  National Presto Industries, Inc   279,279 
 26,685  *  NCI Building Systems, Inc   411,750 
 9,162  *  Neff Corp   84,840 
 17,098     NN, Inc   394,109 
 7,280  *  Norcraft Cos, Inc   150,114 
 8,762  *  Nortek, Inc   668,803 
214

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 9,053  *  Northwest Pipe Co  $216,638 
 2,779     Omega Flex, Inc   87,177 
 56,800  *  Orbital Sciences Corp   1,595,512 
 23,672  *  Orion Marine Group, Inc   216,125 
 7,007  *  Patrick Industries, Inc   301,301 
 34,716  *  Perini Corp   753,684 
 44,991  *  Pgt, Inc   386,473 
 152,991  *,e  Plug Power, Inc   408,486 
 20,317  *  Ply Gem Holdings, Inc   255,994 
 43,146  *  Polypore International, Inc   1,929,489 
 9,152     Powell Industries, Inc   357,020 
 4,245  *,e  Power Solutions International, Inc   187,714 
 21,005  *,e  PowerSecure International, Inc   197,447 
 2,540     Preformed Line Products Co   121,437 
 36,140     Primoris Services Corp   678,709 
 21,473  *,e  Proto Labs, Inc   1,382,646 
 36,048     Quanex Building Products Corp   678,784 
 33,715     Raven Industries, Inc   722,850 
 21,686     RBC Bearings, Inc   1,258,655 
 33,114  *,e  Revolution Lighting Technologies, Inc   37,750 
 70,287  *  Rexnord Corp   1,739,603 
 32,355  *  Rush Enterprises, Inc (Class A)   905,940 
 2,429     SIFCO Industries, Inc   70,417 
 38,548     Simpson Manufacturing Co, Inc   1,258,207 
 9,657  *  Sparton Corp   226,746 
 12,146     Standex International Corp   851,313 
 17,873  *  Sterling Construction Co, Inc   62,019 
 13,886  *  Stock Building Supply Holdings, Inc   216,344 
 20,725     Sun Hydraulics Corp   751,074 
 32,338  e  TAL International Group, Inc   1,314,540 
 50,374  *,e  Taser International, Inc   1,360,602 
 6,658  *,e  TCP International Holdings Ltd   42,145 
 35,440  *  Teledyne Technologies, Inc   3,368,218 
 17,525     Tennant Co   1,142,805 
 20,544  e  Textainer Group Holdings Ltd   674,049 
 9,435  *,e  The ExOne Company   135,392 
 29,997  *  Thermon Group Holdings   613,439 
 41,922  e  Titan International, Inc   374,783 
 15,960  *,e  Titan Machinery, Inc   225,515 
 31,938  *  Trex Co, Inc   1,358,323 
 43,215  *  Trimas Corp   1,166,373 
 7,836     Twin Disc, Inc   126,160 
 19,031     Universal Forest Products, Inc   952,692 
 15,512  *  Vicor Corp   167,064 
 63,999  *  Wabash National Corp   798,068 
 24,187     Watsco, Inc   2,632,997 
 26,720     Watts Water Technologies, Inc (Class A)   1,566,594 
 62,314     Woodward Governor Co   2,779,828 
 10,800  *  Xerium Technologies, Inc   166,212 
       TOTAL CAPITAL GOODS   126,978,777 
215

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
COMMERCIAL & PROFESSIONAL SERVICES - 3.5%
 52,197     ABM Industries, Inc  $1,506,927 
 47,606  e  Acacia Research (Acacia Technologies)   596,027 
 109,042  *  ACCO Brands Corp   863,613 
 21,541     Administaff, Inc   903,429 
 39,668  *  Advisory Board Co   1,859,636 
 20,503  e  American Ecology Corp   850,054 
 40,180  *  ARC Document Solutions, Inc   368,451 
 6,613     Barrett Business Services, Inc   202,688 
 45,641     Brady Corp (Class A)   1,194,425 
 45,656     Brink’s Co   1,023,151 
 35,134  *  Casella Waste Systems, Inc (Class A)   133,860 
 39,049  *  CBIZ, Inc   323,326 
 14,084     CDI Corp   239,287 
 19,543  e  Ceco Environmental Corp   268,130 
 59,494  *,e  Cenveo, Inc   117,203 
 86,882     Civeo Corp   254,564 
 31,646     Corporate Executive Board Co   2,168,384 
 9,692  *  CRA International, Inc   286,205 
 46,983     Deluxe Corp   3,050,606 
 24,851     Ennis, Inc   331,512 
 12,461     Exponent, Inc   998,624 
 9,815  *  Franklin Covey Co   177,357 
 38,848  *  FTI Consulting, Inc   1,579,948 
 18,627     G & K Services, Inc (Class A)   1,305,753 
 12,393  *  GP Strategies Corp   413,678 
 66,270     Healthcare Services Group   2,088,168 
 17,322     Heidrick & Struggles International, Inc   383,855 
 11,339  *  Heritage-Crystal Clean, Inc   144,572 
 55,273     Herman Miller, Inc   1,605,681 
 22,897  *  Hill International, Inc   87,466 
 42,372     HNI Corp   2,086,821 
 21,958  *  Huron Consulting Group, Inc   1,651,681 
 18,307  *  ICF International, Inc   683,949 
 149,056  *  ICO Global Communications Holdings Ltd   193,773 
 30,828  *  Innerworkings, Inc   158,148 
 63,245     Interface, Inc   993,579 
 25,983     Kelly Services, Inc (Class A)   439,113 
 26,077     Kforce, Inc   610,202 
 32,084     Kimball International, Inc (Class B)   278,168 
 46,944     Knoll, Inc   961,883 
 46,298  *  Korn/Ferry International   1,319,493 
 28,211     Matthews International Corp (Class A)   1,307,016 
 23,952     McGrath RentCorp   727,662 
 15,787  *  Mistras Group, Inc   317,319 
 43,617     Mobile Mini, Inc   1,583,297 
 27,549     MSA Safety, Inc   1,202,789 
 11,792     Multi-Color Corp   686,530 
 46,740  *  Navigant Consulting, Inc   674,458 
 5,347     NL Industries, Inc   37,482 
 51,300  *  On Assignment, Inc   1,802,169 
 7,730  *,e  Paylocity Holding Corp   182,119 
 27,925  *  Performant Financial Corp   138,508 
216

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 26,274     Quad  $526,531 
 12,069  *,e  Quest Resource Holding Corp   15,086 
 36,183     Resources Connection, Inc   604,256 
 49,825  *  RPX Corp   615,339 
 14,599  *  SP Plus Corp   325,850 
 77,036     Steelcase, Inc (Class A)   1,300,368 
 19,445  *  Team, Inc   741,632 
 60,505     Tetra Tech, Inc   1,393,430 
 14,440  *  TriNet Group, Inc   478,975 
 39,327  *  TrueBlue, Inc   867,554 
 14,212     Unifirst Corp   1,650,440 
 36,806     United Stationers, Inc   1,483,650 
 19,566     Viad Corp   527,891 
 3,953     VSE Corp   286,079 
 33,214  *  WageWorks, Inc   1,828,099 
 36,636     West Corp   1,197,997 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   57,205,916 
              
CONSUMER DURABLES & APPAREL - 2.8%
 12,479     Arctic Cat, Inc   419,544 
 25,836  *  Beazer Homes USA, Inc   408,209 
 21,600  *  Black Diamond, Inc   137,376 
 87,374     Brunswick Corp   4,742,661 
 72,758     Callaway Golf Co   593,705 
 8,403  *  Cavco Industries, Inc   617,705 
 3,728  *,e  Century Communities, Inc   60,021 
 25,450     Columbia Sportswear Co   1,081,625 
 83,291  *  CROCS, Inc   882,885 
 8,427     CSS Industries, Inc   229,214 
 8,520     Culp, Inc   171,167 
 12,044  *,e  Dixie Group, Inc   97,316 
 8,006     Escalade, Inc   122,011 
 24,448     Ethan Allen Interiors, Inc   665,475 
 3,540     Flexsteel Industries, Inc   105,492 
 18,148  *  G-III Apparel Group Ltd   1,763,986 
 26,880  *  Helen of Troy Ltd   2,021,914 
 111,363  *,e  Hovnanian Enterprises, Inc (Class A)   383,089 
 45,159  *  Iconix Brand Group, Inc   1,501,085 
 8,700  *  Installed Building Products Inc   155,295 
 27,700  *,e  iRobot Corp   873,935 
 18,424  *,e  Jakks Pacific, Inc   110,912 
 3,848     Johnson Outdoors, Inc   115,440 
 79,794  e  KB Home   994,233 
 48,672     La-Z-Boy, Inc   1,299,056 
 62,579  *,e  Leapfrog Enterprises, Inc   148,938 
 13,572  *,e  LGI Homes, Inc   178,743 
 20,425     Libbey, Inc   668,102 
 9,065     Lifetime Brands, Inc   143,046 
 23,658  *  M/I Homes, Inc   488,301 
 7,262  *  Malibu Boats Inc   158,457 
 7,584     Marine Products Corp   54,832 
 37,130  e  MDC Holdings, Inc   928,250 
217

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 36,176  *  Meritage Homes Corp  $1,317,168 
 17,360     Movado Group, Inc   417,161 
 4,790     Nacco Industries, Inc (Class A)   263,689 
 30,213  *  Nautilus, Inc   430,233 
 8,913  *  New Home Co Inc   125,584 
 13,824     Oxford Industries, Inc   773,315 
 12,107  *  Perry Ellis International, Inc   289,478 
 42,154     Pool Corp   2,622,400 
 130,065  *,e  Quiksilver, Inc   243,222 
 43,870     Ryland Group, Inc   1,761,380 
 16,098  *,e  Sequential Brands Group, Inc   166,614 
 36,621  *  Skechers U.S.A., Inc (Class A)   2,210,077 
 19,941  *  Skullcandy, Inc   199,809 
 52,303  *,e  Smith & Wesson Holding Corp   643,327 
 133,231  *  Standard-Pacific Corp   935,282 
 54,988  *  Steven Madden Ltd   1,888,288 
 18,460  e  Sturm Ruger & Co, Inc   745,784 
 138,823  *  TRI Pointe Homes, Inc   1,989,334 
 48,163  *  Tumi Holdings, Inc   1,091,855 
 6,741  *,e  Turtle Beach Corp   14,965 
 7,320  *  UCP, Inc (Class A)   65,880 
 13,854  *  Unifi, Inc   446,514 
 15,184  *  Universal Electronics, Inc   967,828 
 20,544  *,e  Vera Bradley, Inc   391,774 
 9,870  *  Vince Holding Corp   231,452 
 11,049  *  WCI Communities, Inc   213,356 
 6,119     Weyco Group, Inc   165,335 
 16,702  *  William Lyon Homes, Inc   318,674 
 94,887     Wolverine World Wide, Inc   2,671,069 
       TOTAL CONSUMER DURABLES & APPAREL   45,922,867 
              
CONSUMER SERVICES - 4.2%
 9,571  *,e  2U, Inc   170,268 
 16,482  *  American Public Education, Inc   553,301 
 13,385  *  Ascent Media Corp (Series A)   566,319 
 91,765  *  Belmond Ltd.   1,008,497 
 20,355  *  BJ’s Restaurants, Inc   901,523 
 73,610  *  Bloomin’ Brands, Inc   1,819,271 
 23,489     Bob Evans Farms, Inc   1,324,075 
 73,777  *  Boyd Gaming Corp   963,528 
 17,188  *  Bravo Brio Restaurant Group, Inc   226,022 
 15,511  *  Bridgepoint Education, Inc   153,094 
 28,605  *  Bright Horizons Family Solutions   1,388,773 
 17,921  *  Buffalo Wild Wings, Inc   3,195,673 
 43,508  *  Caesars Acquisition Co   340,668 
 48,755  *,e  Caesars Entertainment Corp   530,942 
 10,145     Capella Education Co   689,759 
 64,069  *  Career Education Corp   357,505 
 15,391     Carriage Services, Inc   335,524 
 29,316  *  Carrols Restaurant Group, Inc   233,355 
 17,781     CBRL Group, Inc   2,391,722 
 46,804     Cheesecake Factory   2,457,678 
218

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 69,992  *,e  Chegg, Inc  $464,047 
 12,669     Churchill Downs, Inc   1,203,428 
 15,964  *  Chuy’s Holdings, Inc   341,151 
 20,480     ClubCorp Holdings, Inc   348,365 
 4,739     Collectors Universe   111,366 
 6,733  *,e  Dave & Buster’s Entertainment, Inc   193,506 
 22,449  *  Del Frisco’s Restaurant Group, Inc   445,164 
 84,278  *  Denny’s Corp   916,945 
 33,670  *  Diamond Resorts International, Inc   955,555 
 15,451     DineEquity, Inc   1,649,394 
 7,656  *,e  El Pollo Loco Holdings, Inc   196,989 
 14,356  *,e  Empire Resorts, Inc   84,700 
 4,431  *,e  Famous Dave’s of America, Inc   134,126 
 25,474  *  Fiesta Restaurant Group, Inc   1,504,749 
 44,102  *  Grand Canyon Education, Inc   1,932,550 
 4,815  *,e  Habit Restaurants, Inc   158,895 
 103,822  *  Houghton Mifflin Harcourt Co   2,043,217 
 6,775  *,e  Ignite Restaurant Group, Inc   46,341 
 26,334     International Speedway Corp (Class A)   766,056 
 37,103     Interval Leisure Group, Inc   856,337 
 12,931  *  Intrawest Resorts Holdings Inc   130,603 
 19,018  *  Isle of Capri Casinos, Inc   194,744 
 10,234  *,e  ITT Educational Services, Inc   74,401 
 37,565     Jack in the Box, Inc   3,185,136 
 17,185  *,e  Jamba, Inc   282,350 
 32,466  *  K12, Inc   461,667 
 61,560  *  Krispy Kreme Doughnuts, Inc   1,198,573 
 39,891  *  La Quinta Holdings, Inc   810,984 
 3,888  *  Liberty Tax, Inc   139,968 
 38,376  *  Life Time Fitness, Inc   2,098,016 
 75,523  *  LifeLock, Inc   1,121,517 
 18,723     Marcus Corp   353,116 
 25,155     Marriott Vacations Worldwide Corp   1,924,357 
 9,363  *  Monarch Casino & Resort, Inc   161,980 
 28,585  *  Morgans Hotel Group Co   204,954 
 2,830  *  Nathan’s Famous, Inc   227,645 
 10,177  *,e  Noodles & Co   261,549 
 28,522     Papa John’s International, Inc   1,810,006 
 5,603  *,e  Papa Murphy’s Holdings, Inc   74,464 
 74,701  *  Penn National Gaming, Inc   1,118,274 
 55,733  *,e  Pinnacle Entertainment, Inc   1,178,753 
 22,607  *  Popeyes Louisiana Kitchen, Inc   1,298,094 
 14,212  *,e  Potbelly Corp   199,394 
 13,597  *  Red Robin Gourmet Burgers, Inc   1,053,767 
 41,491  *  Regis Corp   653,483 
 58,476  *  Ruby Tuesday, Inc   352,026 
 34,557     Ruth’s Chris Steak House, Inc   501,768 
 48,176  *,e  Scientific Games Corp (Class A)   568,959 
 51,675     Sonic Corp   1,564,202 
 57,294     Sotheby’s (Class A)   2,437,860 
 11,757     Speedway Motorsports, Inc   262,064 
 1,565  *  Steak N Shake Co   647,863 
219

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 13,339  *  Steiner Leisure Ltd  $581,847 
 10,322  *,e  Strayer Education, Inc   691,574 
 64,977     Texas Roadhouse, Inc (Class A)   2,182,577 
 20,600     Universal Technical Institute, Inc   168,302 
 33,654     Vail Resorts, Inc   2,953,475 
 25,966  *,e  Weight Watchers International, Inc   429,997 
 5,525  *  Zoe’s Kitchen, Inc   170,943 
       TOTAL CONSUMER SERVICES   67,691,630 
              
DIVERSIFIED FINANCIALS - 2.8%
  20,760   e   Arlington Asset Investment Corp     550,763  
 763  *  Ashford, Inc   110,635 
 162,682     BGC Partners, Inc (Class A)   1,273,800 
 16,189     Calamos Asset Management, Inc (Class A)   203,172 
 26,162     Cash America International, Inc   544,170 
 5,349  e  CIFC Corp   46,376 
 18,037  e  Cohen & Steers, Inc   758,997 
 18,604  *  Consumer Portfolio Services, Inc   104,182 
 109,766  *  Cowen Group, Inc   456,627 
 6,319  *  Credit Acceptance Corp   996,127 
 2,795     Diamond Hill Investment Group, Inc   363,518 
 24,044  *,e  Encore Capital Group, Inc   894,918 
 23,938  *  Enova International, Inc   460,806 
 31,065     Evercore Partners, Inc (Class A)   1,487,082 
 49,797  *,e  Ezcorp, Inc (Class A)   513,407 
 8,882  *  FBR Capital Markets Corp   199,134 
 5,303  *  Fifth Street Asset Management, Inc   71,909 
 48,921  e  Financial Engines, Inc   1,756,264 
 27,314  *  First Cash Financial Services, Inc   1,358,052 
 21,980     Gain Capital Holdings, Inc   179,137 
 6,098     GAMCO Investors, Inc (Class A)   497,902 
 76,197     GFI Group, Inc   427,465 
 29,597  *  Green Dot Corp   451,354 
 27,267  e  Greenhill & Co, Inc   1,005,607 
 31,415     HFF, Inc (Class A)   1,067,168 
 14,012  *  INTL FCStone, Inc   270,151 
 34,903  *  Investment Technology Group, Inc   724,237 
 65,045  e  iShares Russell 2000 Index Fund   7,525,706 
 140,788  e  Janus Capital Group, Inc   2,469,422 
 12,000  *,e  JG Wentworth Co   114,360 
 42,110  *  KCG Holdings, Inc   515,005 
 88,872  *,e  Ladenburg Thalmann Financial Services, Inc   338,602 
 12,965     Manning & Napier, Inc   138,855 
 35,208     MarketAxess Holdings, Inc   2,674,752 
 8,576     Marlin Business Services Corp   137,645 
 4,701  e  Medley Management, Inc   46,399 
 7,011     Moelis & Co   217,341 
 19,657     Nelnet, Inc (Class A)   859,797 
 23,318  *  NewStar Financial, Inc   246,471 
 10,213     Nicholas Financial, Inc   145,331 
 22,563  *  OM Asset Management plc   342,055 
 10,059     Oppenheimer Holdings, Inc   198,665 
220

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 47,738  *  PHH Corp  $1,190,586 
 22,542  *  Pico Holdings, Inc   360,447 
 14,944  *  Piper Jaffray Cos   762,891 
 47,090  *,e  PRA Group, Inc   2,331,897 
 12,342     Pzena Investment Management, Inc (Class A)   100,340 
 9,689  *  Regional Management Corp   140,781 
 12,812     Resource America, Inc (Class A)   112,617 
 19,645  *  Safeguard Scientifics, Inc   360,093 
 5,170     Silvercrest Asset Management Group, Inc   72,897 
 23,475  *,e  Springleaf Holdings, Inc   741,810 
 61,485  *  Stifel Financial Corp   2,899,018 
 7,383  *,e  Tiptree Financial, Inc   53,379 
 6,727     Virtus Investment Partners, Inc   912,383 
 35,796  *,e  Walter Investment Management Corp   539,446 
 7,310     Westwood Holdings Group, Inc   431,217 
 102,258  e  WisdomTree Investments, Inc   1,781,334 
 7,433  *,e  World Acceptance Corp   545,954 
       TOTAL DIVERSIFIED FINANCIALS   46,080,456 
              
ENERGY - 3.3%
 95,186  *,e  Abraxas Petroleum Corp   281,751 
 2,024     Adams Resources & Energy, Inc   117,473 
 24,904     Alon USA Energy, Inc   300,840 
 169,435  *,e  Alpha Natural Resources, Inc   176,212 
 25,464  *,e  Amyris Biotechnologies, Inc   43,798 
 37,462  *,e  Approach Resources, Inc   234,887 
 123,737  e  Arch Coal, Inc   114,741 
 17,109  e  Ardmore Shipping Corp   193,674 
 5,247  *  Aspen Aerogels, Inc   40,192 
 30,237  *,e  Basic Energy Services, Inc   177,794 
 48,007  *,e  Bill Barrett Corp   489,671 
 30,555  *  Bonanza Creek Energy, Inc   796,874 
 33,373     Bristow Group, Inc   1,859,210 
 46,546  *  C&J Energy Services, Inc   479,424 
 51,538  *  Callon Petroleum Co   280,882 
 18,940  e  CARBO Ceramics, Inc   620,853 
 43,269  *  Carrizo Oil & Gas, Inc   1,951,432 
 5,289  *  Clayton Williams Energy, Inc   295,655 
 63,680  *,e  Clean Energy Fuels Corp   265,546 
 56,490  *  Cloud Peak Energy, Inc   383,567 
 45,479  e  Comstock Resources, Inc   183,735 
 17,490  *  Contango Oil & Gas Co   525,924 
 7,952     Dawson Geophysical Co   85,802 
 55,258     Delek US Holdings, Inc   1,704,709 
 86,231     DHT Holdings, Inc   633,798 
 39,526  *  Diamondback Energy, Inc   2,726,899 
 6,987  *  Dorian LPG Ltd   78,744 
 28,243  *,e  Eclipse Resources Corp   175,107 
 54,635  *,e  Emerald Oil, Inc   44,965 
 57,422  e  Energy XXI Bermuda Ltd   168,821 
 19,367  *  Era Group, Inc   436,145 
 23,010     Evolution Petroleum Corp   169,124 
221

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 147,387  e  EXCO Resources, Inc  $293,300 
 54,586     Exterran Holdings, Inc   1,479,826 
 21,576  *,e  FMSA Holdings, Inc   111,979 
 57,936  *  Forum Energy Technologies, Inc   895,111 
 63,199  *,e  Frontline Ltd   145,990 
 52,509  *,e  FX Energy, Inc   72,462 
 38,817  e  GasLog Ltd   678,909 
 70,372  *,e  Gastar Exploration, Inc   164,671 
 12,479  *  Geospace Technologies Corp   299,246 
 10,925  *,e  Glori Energy, Inc   35,179 
 35,571     Green Plains Renewable Energy, Inc   832,717 
 14,310     Gulf Island Fabrication, Inc   237,117 
 25,631  e  Gulfmark Offshore, Inc   505,700 
 247,975  *,e  Halcon Resources Corp   347,165 
 7,730     Hallador Petroleum Co   87,658 
 37,109  *,e  Harvest Natural Resources, Inc   23,279 
 98,852  *  Helix Energy Solutions Group, Inc   1,855,452 
 156,050  *,e  Hercules Offshore, Inc   112,356 
 33,810  *  Hornbeck Offshore Services, Inc   750,582 
 9,600  *,e  Independence Contract Drilling, Inc   46,368 
 122,776  *  ION Geophysical Corp   276,246 
 753  *,e  Isramco, Inc   100,307 
 11,120  *,e  Jones Energy, Inc (Class A)   113,424 
 124,973  *  Key Energy Services, Inc   209,955 
 189,141  *,e  Magnum Hunter Resources Corp   366,934 
 69,737  *  Matador Resources Co   1,503,530 
 25,525  *  Matrix Service Co   490,080 
 224,628  *,e  McDermott International, Inc   505,413 
 32,894  *,e  Midstates Petroleum Co, Inc   42,433 
 30,208  *,e  Miller Petroleum, Inc   35,343 
 12,734  *  Mitcham Industries, Inc   71,438 
 11,827  *  Natural Gas Services Group, Inc   238,787 
 78,971     Navios Maritime Acq Corp   262,973 
 79,920  *  Newpark Resources, Inc   690,509 
 17,004  e  Nordic American Offshore Ltd   191,295 
 85,976  e  Nordic American Tanker Shipping   870,077 
 64,470  e  North Atlantic Drilling Ltd   92,192 
 58,033  *,e  Northern Oil And Gas, Inc   364,447 
 25,577  *,e  Pacific Ethanol, Inc   219,706 
 13,798     Panhandle Oil and Gas, Inc (Class A)   288,930 
 118,270  *  Parker Drilling Co   320,512 
 51,490  *  Parsley Energy, Inc   863,487 
 34,038  *  PDC Energy, Inc   1,563,706 
 61,262  *,e  Penn Virginia Corp   298,959 
 55,140  *  Petroquest Energy, Inc   161,560 
 11,994  *  PHI, Inc   410,315 
 60,324  *  Pioneer Energy Services Corp   249,741 
 12,591  *,e  Profire Energy, Inc   28,707 
 32,785  *  Renewable Energy Group, Inc   286,541 
 74,143  *,e  Resolute Energy Corp   54,124 
 45,736  *,e  Rex Energy Corp   161,905 
 5,980  *  Rex Stores Corp   331,950 
222

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 11,727  *  RigNet, Inc  $401,298 
 21,136  *,e  Ring Energy, Inc   192,760 
 57,745  *  Rosetta Resources, Inc   985,707 
 21,919  *  RSP Permian, Inc   587,429 
 48,058  *,e  Sanchez Energy Corp   535,366 
 151,922     Scorpio Tankers, Inc   1,195,626 
 17,336  *  SEACOR Holdings, Inc   1,247,325 
 40,355     SemGroup Corp   2,717,102 
 54,982  e  Ship Finance International Ltd   763,700 
 36,202  *,e  Solazyme, Inc   80,006 
 53,179  *  Stone Energy Corp   748,760 
 41,709  *,e  Swift Energy Co   88,840 
 63,268  *  Synergy Resources Corp   773,768 
 61,582     Teekay Tankers Ltd (Class A)   316,532 
 31,642     Tesco Corp   324,014 
 73,208  *  Tetra Technologies, Inc   361,648 
 20,560  *  TransAtlantic Petroleum Ltd   87,586 
 71,879  *,e  Triangle Petroleum Corp   377,365 
 50,573  e  US Silica Holdings Inc   1,274,440 
 47,395  *  Vaalco Energy, Inc   262,568 
 195,521  *,e  Vantage Drilling Co   76,253 
 11,160  *,e  Vertex Energy, Inc   38,837 
 39,113  e  W&T Offshore, Inc   197,912 
 70,064  *  Warren Resources, Inc   73,567 
 50,063     Western Refining, Inc   1,858,839 
 13,952  *  Westmoreland Coal Co   363,868 
 39,176  *  Willbros Group, Inc   218,602 
       TOTAL ENERGY   52,828,560 
              
FOOD & STAPLES RETAILING - 1.1%
 26,273     Andersons, Inc   1,181,759 
 36,340     Casey’s General Stores, Inc   3,317,842 
 17,635  *,e  Chefs’ Warehouse Holdings, Inc   377,213 
 14,507  *  Diplomat Pharmacy, Inc   356,437 
 17,507  *,e  Fairway Group Holdings Corp   79,832 
 40,769  *,e  Fresh Market, Inc   1,553,706 
 12,046     Ingles Markets, Inc (Class A)   513,762 
 30,084  e  Liberator Medical Holdings, Inc   96,269 
 9,375  *,e  Natural Grocers by Vitamin C   288,750 
 22,352  *  Pantry, Inc   824,789 
 17,573  e  Pricesmart, Inc   1,437,120 
 34,105  *,e  Roundy’s, Inc   122,778 
 13,604  *,e  Smart & Final Stores, Inc   204,060 
 34,760     Spartan Stores, Inc   895,417 
 192,635  *  Supervalu, Inc   1,876,265 
 46,960  *  United Natural Foods, Inc   3,629,069 
 6,310     Village Super Market (Class A)   182,801 
 11,031     Weis Markets, Inc   505,551 
       TOTAL FOOD & STAPLES RETAILING   17,443,420 
              
FOOD, BEVERAGE & TOBACCO - 1.9%
 37,396  *,e  22nd Century Group, Inc   43,753 
223

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 2,538     Alico, Inc  $120,657 
 86,738  *  Alliance One International, Inc   91,075 
 50,509     B&G Foods, Inc (Class A)   1,507,189 
 7,856  *,e  Boston Beer Co, Inc (Class A)   2,470,869 
 57,944  *  Boulder Brands, Inc   581,178 
 13,526     Calavo Growers, Inc   542,528 
 28,986  e  Cal-Maine Foods, Inc   1,015,959 
 4,419     Coca-Cola Bottling Co Consolidated   431,029 
 10,510  *  Craft Brewers Alliance, Inc   125,069 
 154,272  *  Darling International, Inc   2,619,539 
 88,866     Dean Foods Co   1,610,252 
 21,041  *  Diamond Foods, Inc   517,188 
 6,962  *  Farmer Bros Co   208,233 
 33,625  e  Fresh Del Monte Produce, Inc   1,130,809 
 10,303  *,e  Freshpet, Inc   157,533 
 14,550  *  Inventure Foods, Inc   147,973 
 13,996     J&J Snack Foods Corp   1,373,288 
 7,686     John B. Sanfilippo & Son, Inc   280,308 
 17,289     Lancaster Colony Corp   1,554,800 
 45,285     Lance, Inc   1,317,341 
 3,949  e  Lifeway Foods, Inc   72,267 
 10,684  e  Limoneira Co   222,227 
 10,036  *  National Beverage Corp   218,183 
 20,184  *  Omega Protein Corp   212,739 
 41,408  *,e  Post Holdings, Inc   1,956,528 
 21,570  e  Sanderson Farms, Inc   1,724,737 
 275  *  Seaboard Corp   1,051,872 
 7,216  *  Seneca Foods Corp   186,750 
 14,055  *,e  Synutra International, Inc   75,475 
 17,878  e  Tootsie Roll Industries, Inc   557,615 
 39,753  *  TreeHouse Foods, Inc   3,605,597 
 21,385  e  Universal Corp   858,822 
 70,225  e  Vector Group Ltd   1,571,635 
       TOTAL FOOD, BEVERAGE & TOBACCO   30,161,017 
              
HEALTH CARE EQUIPMENT & SERVICES - 6.7%
 5,702  *,e  AAC Holdings, Inc   145,515 
 20,874  e  Abaxis, Inc   1,283,334 
 38,007  *,e  Abiomed, Inc   1,966,482 
 40,731  *  Acadia Healthcare Co, Inc   2,352,215 
 73,036  *,e  Accuray, Inc   538,275 
 4,771  *  Addus HomeCare Corp   105,821 
 5,252  *,e  Adeptus Health, Inc   165,175 
 36,785  *  Air Methods Corp   1,528,417 
 5,173  *  Alliance HealthCare Services, Inc   116,599 
 7,581  *  Almost Family, Inc   230,159 
 26,451  *  Amedisys, Inc   745,389 
 44,232  *  AMN Healthcare Services, Inc   832,446 
 39,954  *  Amsurg Corp   2,204,662 
 11,427     Analogic Corp   931,643 
 23,661  *  Angiodynamics, Inc   455,356 
 13,660  *  Anika Therapeutics, Inc   535,199 
224

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 111,067  *,e  Antares Pharma, Inc  $259,897 
 26,002  *  AtriCure, Inc   515,880 
 1,395     Atrion Corp   467,325 
 22,806  *,e  Bio-Reference Labs, Inc   764,685 
 64,788  *,e  BioScrip, Inc   372,531 
 25,179  *  BioTelemetry, Inc   248,769 
 31,561     Cantel Medical Corp   1,280,430 
 27,761  *  Capital Senior Living Corp   662,655 
 26,485  *  Cardiovascular Systems, Inc   902,874 
 12,265  *,e  Castlight Health, Inc   108,913 
 85,124  *,e  Cerus Corp   454,562 
 16,517  e  Chemed Corp   1,670,529 
 11,534  *  Civitas Solutions, Inc   219,031 
 10,220  e  Computer Programs & Systems, Inc   503,437 
 25,306     Conmed Corp   1,205,578 
 9,869  *  Corvel Corp   325,085 
 28,150  *  Cross Country Healthcare, Inc   287,975 
 24,738     CryoLife, Inc   278,550 
 25,513  *  Cyberonics, Inc   1,417,757 
 21,212  *  Cynosure, Inc (Class A)   641,027 
 21,568  *,e  Derma Sciences, Inc   185,485 
 70,830  *  DexCom, Inc   4,234,218 
 60,868  *,e  Endologix, Inc   847,891 
 19,017     Ensign Group, Inc   789,206 
 9,159  *  Exactech, Inc   190,416 
 32,875  *  ExamWorks Group, Inc   1,215,060 
 40,307  *  Five Star Quality Care, Inc   140,268 
 22,197  *  Genesis Health Care, Inc   184,235 
 39,471  *  GenMark Diagnostics, Inc   508,386 
 30,075  *  Gentiva Health Services, Inc   584,057 
 61,423  *  Globus Medical, Inc   1,448,354 
 23,024  *  Greatbatch, Inc   1,118,045 
 48,784  *  Haemonetics Corp   1,931,846 
 33,769  *  Hanger Orthopedic Group, Inc   728,735 
 9,755  *  HealthEquity, Inc   202,611 
 82,461     Healthsouth Corp   3,636,530 
 20,098  *  HealthStream, Inc   567,969 
 30,213  *  Healthways, Inc   622,992 
 15,802  *,e  HeartWare International, Inc   1,319,941 
 82,127  *  HMS Holdings Corp   1,624,883 
 12,627  *  ICU Medical, Inc   1,055,365 
 5,535  *  Imprivata, Inc   74,335 
 5,150  *  Inogen Inc   157,590 
 51,886  *  Insulet Corp   1,524,930 
 23,166  *  Integra LifeSciences Holdings Corp   1,290,810 
 30,572     Invacare Corp   447,880 
 15,798  *  IPC The Hospitalist Co, Inc   637,607 
 8,290  *,e  K2M Group Holdings, Inc   156,681 
 65,959     Kindred Healthcare, Inc   1,217,603 
 9,201     Landauer, Inc   257,352 
 15,770  *  LDR Holding Corp   527,822 
 11,558  *  LHC Group, Inc   343,504 
225

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 26,592  *  Magellan Health Services, Inc  $1,598,711 
 41,890  *  Masimo Corp   1,069,033 
 58,023  *  MedAssets, Inc   1,074,006 
 51,458  *  Medidata Solutions, Inc   2,212,179 
 68,095  *  Merge Healthcare, Inc   251,952 
 38,395  e  Meridian Bioscience, Inc   664,234 
 40,898  *  Merit Medical Systems, Inc   626,966 
 28,468  *  Molina Healthcare, Inc   1,449,306 
 12,322  *  MWI Veterinary Supply, Inc   2,337,114 
 9,448     National Healthcare Corp   594,941 
 8,654     National Research Corp   119,858 
 30,559  *  Natus Medical, Inc   1,149,018 
 35,291  *  Neogen Corp   1,626,915 
 7,948  *,e  Nevro Corp   362,111 
 43,657  *  NuVasive, Inc   2,022,192 
 58,446  *  NxStage Medical, Inc   1,045,599 
 5,359  *  Ocular Therapeutix, Inc   163,342 
 34,445  *  Omnicell, Inc   1,096,384 
 53,551  *  OraSure Technologies, Inc   492,134 
 17,561  *  Orthofix International NV   535,610 
 59,119     Owens & Minor, Inc   2,023,643 
 12,374  *,e  Oxford Immunotec Global plc   145,518 
 28,525  *  PharMerica Corp   656,360 
 13,494  *,e  PhotoMedex, Inc   25,369 
 10,977  *  Providence Service Corp   428,103 
 47,363     Quality Systems, Inc   771,543 
 26,177  *  Quidel Corp   616,207 
 31,093  *  RadNet, Inc   245,324 
 41,864  *,e  Rockwell Medical Technologies, Inc   451,713 
 4,681  *,e  Roka Bioscience, Inc   18,864 
 56,330  *  RTI Biologics, Inc   251,232 
 2,632  *  Second Sight Medical Products, Inc   23,109 
 75,477     Select Medical Holdings Corp   1,020,449 
 3,512  *  Sientra, Inc   52,820 
 39,485  *,e  Spectranetics Corp   1,291,554 
 36,151  *  Staar Surgical Co   216,906 
 55,465     STERIS Corp   3,617,427 
 11,943  *  Surgical Care Affiliates, Inc   385,162 
 11,046  *  SurModics, Inc   253,174 
 9,152  *  Symmetry Surgical, Inc   65,894 
 8,119  *,e  Tandem Diabetes Care, Inc   99,783 
 66,226  *  Team Health Holdings, Inc   3,423,884 
 54,546  *  Thoratec Corp   1,957,656 
 33,583  *  Tornier BV   811,701 
 27,393  *,e  TransEnterix, Inc   81,357 
 23,734  *  Triple-S Management Corp (Class B)   571,515 
 7,040  *,e  TriVascular Technologies, Inc   68,851 
 7,787  *,e  Trupanion, Inc   55,288 
 98,768  *,e  Unilife Corp   392,109 
 40,257     Universal American Corp   363,521 
 10,862     US Physical Therapy, Inc   421,337 
 3,565     Utah Medical Products, Inc   202,100 
226

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 15,507  *  Vascular Solutions, Inc  $422,721 
 6,185  *,e  Veracyte, Inc   50,099 
 21,417  *  Vocera Communications, Inc   191,896 
 48,738  *  Volcano Corp   875,822 
 41,437  *  WellCare Health Plans, Inc   3,018,685 
 66,447     West Pharmaceutical Services, Inc   3,276,502 
 47,367  *  Wright Medical Group, Inc   1,156,228 
 26,916  *,e  Zeltiq Aesthetics, Inc   866,964 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   107,856,779 
              
HOUSEHOLD & PERSONAL PRODUCTS - 0.4%
 41,133  *  Central Garden and Pet Co (Class A)   374,310 
 26,107  *,e  Elizabeth Arden, Inc   385,861 
 21,799  e  Female Health Co   82,618 
 76,432  *  Harbinger Group, Inc   954,636 
 32,706  *,e  IGI Laboratories, Inc   325,752 
 15,583     Inter Parfums, Inc   391,912 
 12,901  *  Medifast, Inc   408,833 
 9,628     Nature’s Sunshine Products, Inc   133,155 
 7,732  *  Nutraceutical International Corp   151,083 
 4,674     Oil-Dri Corp of America   143,118 
 7,169     Orchids Paper Products Co   195,499 
 12,652  *  Revlon, Inc (Class A)   414,227 
 5,666  *,e  USANA Health Sciences, Inc   555,495 
 14,552     WD-40 Co   1,194,137 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   5,710,636 
              
INSURANCE - 2.5%
 42,821  *  AMBAC Financial Group, Inc   1,046,973 
 67,375     American Equity Investment Life Holding Co   1,718,736 
 17,147     Amerisafe, Inc   697,883 
 27,796  e  Amtrust Financial Services, Inc   1,407,034 
 24,459     Argo Group International Holdings Ltd   1,308,312 
 10,892  *  Atlas Financial Holdings, Inc   181,896 
 8,176     Baldwin & Lyons, Inc (Class B)   188,866 
 44,930  *,e  Citizens, Inc (Class A)   324,395 
 196,468     Conseco, Inc   3,049,183 
 27,319     Crawford & Co (Class B)   255,433 
 5,771     Donegal Group, Inc (Class A)   92,278 
 8,756  *  eHealth, Inc   89,661 
 4,459     EMC Insurance Group, Inc   143,847 
 30,037     Employers Holdings, Inc   624,770 
 7,929  *  Enstar Group Ltd   1,070,177 
 9,999     FBL Financial Group, Inc (Class A)   521,848 
 12,969     Federated National Holding Co   377,528 
 10,718     Fidelity & Guaranty Life   231,616 
 100,224     First American Financial Corp   3,409,621 
 26,196  *  Greenlight Capital Re Ltd (Class A)   822,816 
 13,466  *  Hallmark Financial Services   148,665 
 8,559     HCI Group, Inc   395,511 
 6,586  *  Heritage Insurance Holdings, Inc   125,200 
 37,280     Horace Mann Educators Corp   1,135,922 
227

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 6,381     Independence Holding Co  $81,102 
 10,505     Infinity Property & Casualty Corp   738,186 
 4,178     Kansas City Life Insurance Co   189,974 
 44,895     Kemper Corp   1,567,284 
 47,511     Maiden Holdings Ltd   593,887 
 48,884     Meadowbrook Insurance Group, Inc   405,737 
 36,394     Montpelier Re Holdings Ltd   1,278,521 
 33,430     National General Holdings Corp   600,737 
 6,376     National Interstate Corp   164,310 
 2,123     National Western Life Insurance Co (Class A)   506,102 
 9,604  *  Navigators Group, Inc   712,809 
 21,885     OneBeacon Insurance Group Ltd (Class A)   346,002 
 4,798  *  Phoenix Cos, Inc   297,620 
 23,110     Platinum Underwriters Holdings Ltd   1,706,211 
 50,917     Primerica, Inc   2,527,520 
 42,102     RLI Corp   1,975,005 
 12,140     Safety Insurance Group, Inc   752,073 
 53,461     Selective Insurance Group, Inc   1,380,363 
 14,386     State Auto Financial Corp   316,492 
 24,651  e  State National Cos, Inc   239,608 
 20,610     Stewart Information Services Corp   737,838 
 72,599     Symetra Financial Corp   1,474,486 
 53,860  *  Third Point Reinsurance Ltd   712,568 
 7,823  *  United America Indemnity Ltd   205,275 
 19,634     United Fire & Casualty Co   548,574 
 15,802     United Insurance Holdings Corp   386,043 
 29,564     Universal Insurance Holdings, Inc   686,772 
       TOTAL INSURANCE   40,499,270 
              
MATERIALS - 4.4%
 27,796     A. Schulman, Inc   968,691 
 10,000  *  Advanced Emissions Solutions, Inc   106,050 
 3,977  *  AEP Industries, Inc   199,287 
 165,032  *,e  AK Steel Holding Corp   625,471 
 49,312  *,e  Allied Nevada Gold Corp   50,791 
 27,380  e  American Vanguard Corp   306,108 
 7,893     Ampco-Pittsburgh Corp   143,653 
 65,838     Axiall Corp   2,913,332 
 28,409     Balchem Corp   1,504,825 
 84,098  *  Berry Plastics Group, Inc   2,844,194 
 36,843  *  Boise Cascade Co   1,489,931 
 19,596     Brush Engineered Materials, Inc   645,688 
 49,438  *  Calgon Carbon Corp   975,412 
 18,100  *,e  Castle (A.M.) & Co   109,505 
 48,464  *  Century Aluminum Co   1,120,003 
 6,705     Chase Corp   240,039 
 67,555  *,e  Chemtura   1,472,023 
 19,423  *  Clearwater Paper Corp   1,437,690 
 97,984  *,e  Coeur d’Alene Mines Corp   617,299 
 110,274     Commercial Metals Co   1,479,877 
 10,478     Deltic Timber Corp   654,875 
 69,275  *  Ferro Corp   771,031 
228

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 51,159  *  Flotek Industries, Inc  $827,241 
 20,681     FutureFuel Corp   227,284 
 40,946     Glatfelter   936,435 
 60,740     Globe Specialty Metals, Inc   936,611 
 45,080  *,e  Gold Resource Corp   157,780 
 308,302  *  Graphic Packaging Holding Co   4,464,213 
 47,019     H.B. Fuller Co   1,934,832 
 8,881     Hawkins, Inc   342,007 
 11,800     Haynes International, Inc   459,374 
 71,272  *  Headwaters, Inc   1,003,510 
 361,594  e  Hecla Mining Co   1,189,644 
 48,199  *,e  Horsehead Holding Corp   647,795 
 20,869     Innophos Holdings, Inc   1,242,540 
 23,188     Innospec, Inc   915,230 
 54,111  *,e  Intrepid Potash, Inc   720,217 
 17,147     Kaiser Aluminum Corp   1,188,459 
 79,586     Kapstone Paper and Packaging Corp   2,377,234 
 7,660     KMG Chemicals, Inc   160,247 
 20,005     Koppers Holdings, Inc   363,291 
 31,202  *  Kraton Polymers LLC   603,447 
 17,459     Kronos Worldwide, Inc   196,065 
 25,406  *  Landec Corp   324,435 
 133,794  *  Louisiana-Pacific Corp   2,190,208 
 17,323  *  LSB Industries, Inc   541,171 
 9,341  *,e  Marrone Bio Innovations, Inc   31,759 
 32,899     Minerals Technologies, Inc   2,149,292 
 83,177  *,e  Molycorp, Inc   27,448 
 26,294     Myers Industries, Inc   437,795 
 15,835     Neenah Paper, Inc   908,612 
 38,409     Noranda Aluminium Holding Corp   116,379 
 73,910     Olin Corp   1,852,924 
 8,644     Olympic Steel, Inc   118,509 
 30,945     OM Group, Inc   866,460 
 45,890  *  Omnova Solutions, Inc   314,805 
 88,335     PolyOne Corp   3,143,842 
 12,587     Quaker Chemical Corp   993,366 
 218,804  *  Rentech, Inc   262,565 
 62,020  *  Resolute Forest Products   1,054,340 
 30,150  *  RTI International Metals, Inc   672,345 
 10,254  *,e  Ryerson Holding Corp   65,113 
 25,005     Schnitzer Steel Industries, Inc (Class A)   422,084 
 28,172     Schweitzer-Mauduit International, Inc   1,094,764 
 40,414  *,e  Senomyx, Inc   213,386 
 46,475     Sensient Technologies Corp   2,834,975 
 18,463     Stepan Co   708,979 
 113,965  *  Stillwater Mining Co   1,557,902 
 66,216     SunCoke Energy, Inc   999,862 
 20,093  *  Trecora Resources   276,279 
 23,822     Tredegar Corp   509,553 
 10,719  *,e  Trinseo S.A.   163,465 
 58,636     Tronox Ltd   1,239,565 
 4,397  *  UFP Technologies, Inc   97,965 
229

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 1,928     United States Lime & Minerals, Inc  $133,321 
 6,753  *  Universal Stainless & Alloy   150,524 
 13,498  *  US Concrete, Inc   342,039 
 40,000  e  Walter Energy, Inc   37,288 
 40,117     Wausau Paper Corp   407,589 
 3,744  *  WHX Corp   168,967 
 48,272  *  Worthington Industries, Inc   1,444,781 
 21,838     Zep, Inc   349,845 
       TOTAL MATERIALS   70,793,732 
              
MEDIA - 1.4%
 18,709     AH Belo Corp (Class A)   168,755 
 20,668     AMC Entertainment Holdings, Inc   581,184 
 22,308  *  Carmike Cinemas, Inc   617,262 
 68,366  *,e  Central European Media Enterprises Ltd (Class A) (NASDAQ)   177,752 
 72,989  *  Cinedigm Corp   108,754 
 32,930  *  Crown Media Holdings, Inc (Class A)   105,376 
 142,359  *  Cumulus Media, Inc (Class A)   495,409 
 850  *,e  Daily Journal Corp   160,225 
 14,460  *,e  Dex Media, Inc   98,039 
 23,521  *  Entercom Communications Corp (Class A)   272,138 
 57,011     Entravision Communications Corp (Class A)   351,758 
 20,906  *  Eros International plc   392,197 
 30,242  *  EW Scripps Co (Class A)   596,675 
 38,036  *,e  Global Eagle Entertainment, Inc   585,564 
 16,865  *  Global Sources Ltd   98,323 
 47,084  *  Gray Television, Inc   445,415 
 46,878     Harte-Hanks, Inc   340,803 
 7,622  *,e  Hemisphere Media Group, Inc   95,123 
 39,600  *  Journal Communications, Inc (Class A)   397,980 
 50,963  *,e  Lee Enterprises, Inc   150,341 
 12,126  *  Loral Space & Communications, Inc   871,981 
 25,970  *  Martha Stewart Living Omnimedia, Inc (Class A)   120,501 
 59,684  *  McClatchy Co (Class A)   149,807 
 40,279     MDC Partners, Inc   962,668 
 74,368  *,e  Media General, Inc   1,063,462 
 33,407     Meredith Corp   1,739,168 
 57,611     National CineMedia, Inc   829,598 
 41,555     New Media Investment Group, Inc   971,971 
 128,794     New York Times Co (Class A)   1,621,516 
 28,885     Nexstar Broadcasting Group, Inc (Class A)   1,441,217 
 22,091  *,e  Radio One, Inc   41,531 
 12,629  *,e  ReachLocal, Inc   38,266 
 14,257  *  Reading International, Inc   172,367 
 9,316  *  Rentrak Corp   716,680 
 3,448     Saga Communications, Inc   140,230 
 10,350     Salem Communications   72,139 
 26,323     Scholastic Corp   968,160 
 42,055  *,e  SFX Entertainment, Inc   138,361 
 64,237  e  Sinclair Broadcast Group, Inc (Class A)   1,589,223 
 20,885  *  Sizmek, Inc   124,475 
 103,496     Time, Inc   2,591,540 
230

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 8,318  *  Townsquare Media, Inc  $100,981 
 25,254  e  World Wrestling Entertainment, Inc (Class A)   305,826 
       TOTAL MEDIA   23,010,741 
              
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.6%
 74,965  *,e  Acadia Pharmaceuticals, Inc   2,281,185 
 21,480  *,e  Accelerate Diagnostics, Inc   461,820 
 15,629  *,e  Acceleron Pharma, Inc   616,877 
 23,522  *,e  AcelRx Pharmaceuticals, Inc   157,597 
 6,543  *  Achaogen, Inc   76,553 
 92,811  *,e  Achillion Pharmaceuticals, Inc   1,378,243 
 39,640  *  Acorda Therapeutics, Inc   1,647,042 
 18,817  *,e  Actinium Pharmaceuticals, Inc   101,424 
 2,798  *  Adamas Pharmaceuticals, Inc   47,090 
 28,062  *,e  Aegerion Pharmaceuticals, Inc   651,600 
 10,021  *  Aerie Pharmaceuticals, Inc   280,187 
 70,207  *,e  Affymetrix, Inc   775,085 
 59,254  *,e  Agenus, Inc   298,048 
 13,879  *,e  Agios Pharmaceuticals, Inc   1,608,854 
 7,445  *,e  Akebia Therapeutics, Inc   76,460 
 58,316  *  Akorn, Inc   2,483,095 
 22,624  *,e  Albany Molecular Research, Inc   369,450 
 7,639  *  Alder Biopharmaceuticals, Inc   206,864 
 25,049  *  Alimera Sciences, Inc   136,016 
 20,830  *,e  AMAG Pharmaceuticals, Inc   920,478 
 8,611  *  Amphastar Pharmaceuticals, Inc   104,451 
 38,949  *,e  Ampio Pharmaceuticals, Inc   195,524 
 31,376  *,e  Anacor Pharmaceuticals, Inc   1,179,738 
 6,551  *  ANI Pharmaceuticals, Inc   366,659 
 4,603  *  Applied Genetic Technologies Corp   114,983 
 26,864  *  Aratana Therapeutics, Inc   445,136 
 4,599  *,e  Ardelyx, Inc   124,219 
 228,778  *,e  Arena Pharmaceuticals, Inc   986,033 
 156,005  *,e  Ariad Pharmaceuticals, Inc   1,006,232 
 120,544  *,e  Array Biopharma, Inc   863,095 
 49,314  *,e  Arrowhead Research Corp   311,171 
 4,998  *  Atara Biotherapeutics, Inc   121,751 
 8,783  *  Auspex Pharmaceuticals Inc   539,715 
 6,431  *  Avalanche Biotechnologies, Inc   255,182 
 66,449  *,e  BioCryst Pharmaceuticals, Inc   676,451 
 39,762  *,e  BioDelivery Sciences International, Inc   520,882 
 69,898  *,e  Bio-Path Holdings, Inc   157,969 
 3,441  *  Biospecifics Technologies Corp   135,369 
 49,716  *,e  BioTime, Inc   202,841 
 22,918  *  Bluebird Bio, Inc   2,129,311 
 6,842  *  Calithera Biosciences, Inc   136,087 
 29,833  *  Cambrex Corp   669,154 
 5,470  *  Cara Therapeutics Inc   59,021 
 47,869  *  Catalent, Inc   1,322,142 
 84,977  *,e  Celldex Therapeutics, Inc   1,820,207 
 9,279  *,e  Cellular Dynamics International, Inc   47,045 
 28,478  *,e  Cempra, Inc   789,980 
231

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 65,942  *  Cepheid, Inc  $3,726,382 
 23,376  *,e  ChemoCentryx, Inc   192,151 
 28,403  *,e  Chimerix, Inc   1,139,244 
 23,453  *,e  Clovis Oncology, Inc   1,528,901 
 6,275  *  Coherus Biosciences, Inc   140,811 
 51,527  *,e  Corcept Therapeutics, Inc   149,944 
 126,398  *,e  CTI BioPharma Corp   278,076 
 33,068  *  Cytokinetics, Inc   234,452 
 63,974  *,e  Cytori Therapeutics, Inc   30,708 
 53,235  *,e  CytRx Corp   136,814 
 55,284  *  Depomed, Inc   1,010,039 
 7,446  *  Dermira, Inc   125,465 
 3,560  *,e  Dicerna Pharmaceuticals Inc   75,899 
 128,737  *  Dyax Corp   1,945,216 
 25,195  *,e  Dynavax Technologies Corp   430,834 
 3,420  *,e  Egalet Corp   29,925 
 4,620  *,e  Eleven Biotheraputics Inc   53,592 
 27,802  *  Emergent Biosolutions, Inc   779,290 
 9,733  *,e  Enanta Pharmaceuticals, Inc   422,802 
 35,158  *,e  Endocyte, Inc   182,118 
 32,466  *  Enzo Biochem, Inc   102,268 
 12,191  *,e  Epizyme, Inc   233,336 
 5,919  *,e  Esperion Thereapeutics, Inc   271,682 
 83,931  *,e  Exact Sciences Corp   2,283,763 
 185,004  *,e  Exelixis, Inc   345,957 
 8,858  *  FibroGen, Inc   261,577 
 16,431  *  Five Prime Therapeutics, Inc   432,300 
 4,590  *  Flexion Therapeutics Inc   94,508 
 26,501  *  Fluidigm Corp   1,021,084 
 8,325  *,m  Forest Laboratories, Inc CVR   7,909 
 13,257  *  Foundation Medicine, Inc   631,829 
 6,861  *,m  Furiex Pharmaceuticals, Inc   67,032 
 17,081  *,e  Galectin Therapeutics, Inc   55,001 
 112,260  *,e  Galena Biopharma, Inc   182,984 
 3,940  *,e  Genocea Biosciences Inc   33,805 
 16,060  *,e  Genomic Health, Inc   518,417 
 149,045  *,e  Geron Corp   473,963 
 97,285  *,e  Halozyme Therapeutics, Inc   1,389,230 
 22,935  *  Heron Therapeutics, Inc   181,186 
 61,570  *  Horizon Pharma plc   1,011,595 
 12,921  *  Hyperion Therapeutics, Inc   326,901 
 57,246  *,e  Idera Pharmaceuticals, Inc   258,752 
 5,679  *,e  Immune Design Corp   142,486 
 81,825  *,e  Immunogen, Inc   624,325 
 78,786  *,e  Immunomedics, Inc   421,505 
 65,657  *  Impax Laboratories, Inc   2,407,642 
 7,862  *  INC Research Holdings, Inc   183,185 
 46,433  *  Infinity Pharmaceuticals, Inc   716,926 
 56,976  *,e  Inovio Pharmaceuticals, Inc   475,180 
 46,840  *  Insmed, Inc   724,146 
 9,478  *,e  Insys Therapeutics, Inc   452,859 
 5,466  *,e  Intersect ENT, Inc   115,169 
232

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 16,289  *,e  Intra-Cellular Therapies, Inc  $316,332 
 33,855  *,e  Intrexon Corp   971,977 
 113,641  *  Ironwood Pharmaceuticals, Inc   1,770,527 
 110,595  *,e  Isis Pharmaceuticals, Inc   7,576,863 
 13,551  *,e  Karyopharm Therapeutics, Inc   359,508 
 95,738  *,e  Keryx Biopharmaceuticals, Inc   1,164,174 
 9,949  *  Kindred Biosciences Inc   62,778 
 8,734  *,e  Kite Pharma, Inc   586,488 
 16,149  *,e  KYTHERA Biopharmaceuticals, Inc   600,743 
 24,465  *  Lannett Co, Inc   1,160,375 
 218,954  *,e  Lexicon Pharmaceuticals, Inc   199,248 
 19,692  *,e  Ligand Pharmaceuticals, Inc (Class B)   1,120,869 
 3,373  *  Loxo Oncology, Inc   43,141 
 35,752  *  Luminex Corp   631,023 
 18,981  *  MacroGenics, Inc   600,179 
 216,730  *,e  MannKind Corp   1,376,235 
 60,548  *  Medicines Co   1,735,911 
 94,489  *,e  Merrimack Pharmaceuticals, Inc   891,031 
 89,397  *,e  MiMedx Group, Inc   729,033 
 6,837  *,e  Mirati Therapeutics, Inc   141,868 
 45,682  *  Momenta Pharmaceuticals, Inc   491,995 
 9,579  *  NanoString Technologies, Inc   120,312 
 38,107  *,e  NanoViricides, Inc   99,078 
 142,842  *,e  Navidea Biopharmceuticals, Inc   229,976 
 119,306  *  Nektar Therapeutics   1,746,640 
 22,396  *,e  NeoStem, Inc   79,282 
 64,960  *,e  Neuralstem, Inc   201,376 
 70,157  *  Neurocrine Biosciences, Inc   2,361,485 
 18,831  *,e  NewLink Genetics Corp   689,026 
 33,798  *,e  Northwest Biotherapeutics, Inc   214,279 
 224,642  *,e  Novavax, Inc   1,754,454 
 99,603  *  NPS Pharmaceuticals, Inc   4,567,794 
 19,996  *,e  Ohr Pharmaceutical, Inc   150,170 
 32,232  *,e  Omeros Corp   716,840 
 5,149  *,m  Omthera Pharmaceuticals, Inc   3,089 
 12,016  *,e  OncoMed Pharmaceuticals, Inc   274,686 
 67,012  *,e  Oncothyreon, Inc   105,879 
 13,144  *,e  Ophthotech Corp   739,350 
 182,865  *,e  Opko Health, Inc   2,218,152 
 119,712  *,e  Orexigen Therapeutics, Inc   628,488 
 59,206  *,e  Organovo Holdings, Inc   380,695 
 17,989  *,e  Osiris Therapeutics, Inc   290,163 
 6,700  *  Otonomy, Inc   195,640 
 14,717  *,e  OvaScience, Inc   639,601 
 54,799  *  Pacific Biosciences of California, Inc   440,584 
 33,445  *,e  Pacira Pharmaceuticals, Inc   3,590,321 
 36,298  *  Pain Therapeutics, Inc   71,507 
 53,587  *  Parexel International Corp   3,266,664 
 149,141  e  PDL BioPharma, Inc   1,087,238 
 165,297  *,e  Peregrine Pharmaceuticals, Inc   211,580 
 31,613  *,e  Pernix Therapeutics Holdings, Inc   262,704 
 13,338     Phibro Animal Health Corp   364,528 
233

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 40,556  *  Portola Pharmaceuticals, Inc  $1,153,007 
 27,367     Pozen, Inc   189,106 
 17,957  *  PRA Health Sciences, Inc   469,216 
 48,521  *  Prestige Brands Holdings, Inc   1,662,329 
 67,891  *,e  Progenics Pharmaceuticals, Inc   405,988 
 24,554  *  Prothena Corp plc   555,657 
 23,272  *  PTC Therapeutics, Inc   1,277,866 
 21,937  *,e  Puma Biotechnology, Inc   4,630,462 
 7,765  *,e  Radius Health, Inc   374,195 
 59,496  *,e  Raptor Pharmaceutical Corp   537,844 
 20,835  *  Receptos, Inc   2,295,392 
 14,672  *,e  Regado Biosciences, Inc   18,047 
 13,121  *,e  Regulus Therapeutics, Inc   251,267 
 16,102  *  Relypsa, Inc   565,663 
 30,510  *  Repligen Corp   741,088 
 21,950  *,e  Repros Therapeutics, Inc   188,770 
 19,290  *,e  Retrophin, Inc   247,684 
 8,232  *,e  Revance Therapeutics, Inc   132,535 
 82,761  *  Rigel Pharmaceuticals, Inc   171,315 
 5,360  *,e  Sage Therapeutics, Inc   216,490 
 20,799  *  Sagent Pharmaceuticals   533,910 
 64,459  *,e  Sangamo Biosciences, Inc   824,431 
 38,533  *,e  Sarepta Therapeutics, Inc   462,396 
 51,157  *  Sciclone Pharmaceuticals, Inc   377,539 
 111,304  *,e  Sequenom, Inc   409,599 
 62,594  *,e  Spectrum Pharmaceuticals, Inc   438,158 
 11,303  *,e  Stemline Therapeutics, Inc   174,970 
 15,438  *,e  Sucampo Pharmaceuticals, Inc (Class A)   232,496 
 46,971  *,e  Sunesis Pharmaceuticals, Inc   110,852 
 27,806  *,e  Supernus Pharmaceuticals, Inc   236,351 
 21,949  *,e  Synageva BioPharma Corp   2,528,964 
 88,128  *,e  Synergy Pharmaceuticals, Inc   256,452 
 72,629  *,e  Synta Pharmaceuticals Corp   172,857 
 5,574  *,e  T2 Biosystems, Inc   120,566 
 18,294  *,e  TESARO, Inc   735,968 
 24,517  *  Tetraphase Pharmaceuticals, Inc   891,438 
 24,384  *  TG Therapeutics, Inc   347,228 
 107,294  *,e  TherapeuticsMD, Inc   435,614 
 22,336  *,e  Theravance Biopharma, Inc   362,737 
 76,659  e  Theravance, Inc   863,947 
 55,325  *,e  Threshold Pharmaceuticals, Inc   205,809 
 6,036  *,e  Tokai Pharmaceuticals, Inc   74,001 
 6,341  *  Ultragenyx Pharmaceutical, Inc   368,412 
 37,243  *,e  Vanda Pharmaceuticals, Inc   414,515 
 18,657  *  Verastem, Inc   136,196 
 6,534  *  Versartis, Inc   115,848 
 5,047  *  Vitae Pharmaceuticals, Inc   73,535 
 4,901  *,e  Vital Therapies, Inc   96,746 
 86,112  *,e  Vivus, Inc   225,613 
 14,870  *  Xencor Inc   225,281 
 55,437  *  Xenoport, Inc   461,790 
 93,531  *,e  XOMA Corp   332,970 
234

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 6,431  *,e  Zafgen, Inc  $244,442 
 77,482  *,e  ZIOPHARM Oncology, Inc   693,464 
 116,627  *,e  Zogenix, Inc   157,446 
 6,372  *,e  ZS Pharma, Inc   286,294 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   139,860,116 
              
REAL ESTATE - 9.9%
 63,748     Acadia Realty Trust   2,307,040 
 23,934     AG Mortgage Investment Trust   440,146 
 18,443     Agree Realty Corp   638,866 
 46,329     Alexander & Baldwin, Inc   1,772,548 
 2,015     Alexander’s, Inc   934,638 
 1,327  *,e  Altisource Asset Management Corp   212,320 
 12,462  *,e  Altisource Portfolio Solutions S.A.   252,729 
 54,329     Altisource Residential Corp   978,465 
 34,077     American Assets Trust,Inc   1,512,337 
 48,057     American Capital Mortgage, Inc   895,782 
 29,765  *  American Residential Properties, Inc   521,185 
 18,432     AmREIT, Inc (Class B)   489,923 
 121,616     Anworth Mortgage Asset Corp   631,187 
 43,867     Apollo Commercial Real Estate Finance, Inc   725,122 
 26,787     Ares Commercial Real Estate Corp   322,248 
 23,663     Armada Hoffler Properties, Inc   252,484 
 339,685  *  ARMOUR Residential REIT, Inc   1,124,357 
 23,965     Ashford Hospitality Prime, Inc   411,239 
 66,419     Ashford Hospitality Trust, Inc   698,728 
 51,481     Associated Estates Realty Corp   1,282,392 
 7,998  *  AV Homes, Inc   119,890 
 18,661     Aviv REIT, Inc   733,937 
 61,530     Campus Crest Communities, Inc   423,942 
 89,547     Capstead Mortgage Corp   1,076,355 
 26,466     CareTrust REIT, Inc   356,762 
 12,290     CatchMark Timber Trust Inc   141,458 
 76,286     Cedar Shopping Centers, Inc   607,237 
 221,060  *  Chambers Street Properties   1,867,957 
 35,645     Chatham Lodging Trust   1,109,629 
 51,153     Chesapeake Lodging Trust   1,878,338 
 99,324     Colony Financial, Inc   2,488,066 
 4,072     Consolidated-Tomoka Land Co   222,128 
 43,771     CorEnergy Infrastructure Trust, Inc   286,700 
 20,034     Coresite Realty   877,690 
 206,032     Cousins Properties, Inc   2,274,593 
 151,236     CubeSmart   3,726,455 
 31,026     CyrusOne, Inc   870,279 
 154,021     CYS Investments, Inc   1,361,546 
 76,683     DCT Industrial Trust, Inc   2,895,550 
 182,040     DiamondRock Hospitality Co   2,645,041 
 59,139     DuPont Fabros Technology, Inc   2,203,519 
 52,075     Dynex Capital, Inc   435,868 
 30,053     EastGroup Properties, Inc   1,942,626 
 43,884     Education Realty Trust, Inc   1,518,386 
 86,005     Empire State Realty Trust, Inc   1,565,291 
235

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 53,274     Entertainment Properties Trust  $3,466,007 
 56,972     Equity One, Inc   1,551,917 
 57,658     Excel Trust, Inc   809,518 
 118,104     FelCor Lodging Trust, Inc   1,182,221 
 102,151     First Industrial Realty Trust, Inc   2,219,741 
 56,834     First Potomac Realty Trust   727,475 
 33,242  *  Forestar Real Estate Group, Inc   441,121 
 84,930     Franklin Street Properties Corp   1,093,898 
 67,477     Geo Group, Inc   2,936,599 
 24,140     Getty Realty Corp   447,314 
 17,848     Gladstone Commercial Corp   310,555 
 64,404     Government Properties Income Trust   1,468,411 
 177,253     Gramercy Property Trust, Inc   1,226,591 
 20,711     Hannon Armstrong Sustainable Infrastructure Capital, Inc   283,741 
 90,332     Hatteras Financial Corp   1,642,236 
 89,423     Healthcare Realty Trust, Inc   2,690,738 
 191,272     Hersha Hospitality Trust   1,277,697 
 85,505     Highwoods Properties, Inc   4,018,735 
 61,887     Hudson Pacific Properties   2,002,044 
 83,379     Inland Real Estate Corp   948,853 
 115,311     Invesco Mortgage Capital, Inc   1,768,871 
 102,463     Investors Real Estate Trust   845,320 
 80,672  *  iStar Financial, Inc   1,051,963 
 68,285  e  Kennedy-Wilson Holdings, Inc   1,815,698 
 31,358     Kite Realty Group Trust   958,300 
 104,703     LaSalle Hotel Properties   4,236,283 
 192,714     Lexington Corporate Properties Trust   2,198,867 
 33,180     LTC Properties, Inc   1,556,806 
 83,456     Mack-Cali Realty Corp   1,628,227 
 7,606  *  Marcus & Millichap, Inc   260,734 
 194,171     Medical Properties Trust, Inc   2,984,408 
 50,007     Monmouth Real Estate Investment Corp (Class A)   590,583 
 35,619     National Health Investors, Inc   2,662,876 
 135,525     New Residential Investment Corp   1,727,944 
 102,476     New York Mortgage Trust, Inc   793,164 
 145,924  *  New York REIT, Inc   1,521,987 
 12,738     One Liberty Properties, Inc   312,208 
 10,254     Owens Realty Mortgage, Inc   139,967 
 74,771     Parkway Properties, Inc   1,368,309 
 67,329     Pebblebrook Hotel Trust   3,126,759 
 65,471     Pennsylvania REIT   1,566,721 
 70,414     Pennymac Mortgage Investment Trust   1,585,019 
 65,583     Physicians Realty Trust   1,156,884 
 39,517     Potlatch Corp   1,575,148 
 18,113     PS Business Parks, Inc   1,523,484 
 11,425     QTS Realty Trust, Inc   434,264 
 79,319     RAIT Investment Trust   559,199 
 73,057     Ramco-Gershenson Properties   1,429,726 
 10,771     Re/Max Holdings, Inc   358,459 
 78,547     Redwood Trust, Inc   1,565,442 
 123,741     Resource Capital Corp   597,669 
 85,161     Retail Opportunities Investment Corp   1,504,795 
236

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 43,297     Rexford Industrial Realty, Inc  $693,618 
 121,900     RLJ Lodging Trust   4,153,133 
 34,959     Rouse Properties, Inc   649,888 
 40,184     Ryman Hospitality Properties   2,206,102 
 55,292     Sabra Healthcare REIT, Inc   1,808,048 
 9,830     Saul Centers, Inc   561,195 
 35,031     Select Income REIT   871,221 
 35,086     Silver Bay Realty Trust Corp   546,640 
 30,991     Sovran Self Storage, Inc   2,936,397 
 58,626  *,e  St. Joe Co   947,396 
 54,987  *  STAG Industrial, Inc   1,440,659 
 36,679     Starwood Waypoint Residential Trust   889,099 
 29,563     STORE Capital Corp   678,766 
 252,387  *  Strategic Hotels & Resorts, Inc   3,387,034 
 81,312     Summit Hotel Properties, Inc   1,042,420 
 45,244     Sun Communities, Inc   3,064,376 
 194,781     Sunstone Hotel Investors, Inc   3,321,016 
 12,641  *  Tejon Ranch Co   311,221 
 39,005     Terreno Realty Corp   889,314 
 17,695     Trade Street Residential, Inc   140,852 
 24,673     UMH Properties, Inc   237,601 
 10,072     Universal Health Realty Income Trust   541,169 
 25,168     Urstadt Biddle Properties, Inc (Class A)   591,448 
 62,122     Washington REIT   1,783,561 
 39,640     Western Asset Mortgage Capital Corp   535,140 
 22,229     Whitestone REIT   348,773 
       TOTAL REAL ESTATE   160,760,562 
              
RETAILING - 4.1%
 22,182  *  1-800-FLOWERS.COM, Inc (Class A)   175,016 
 79,965  *,e  Aeropostale, Inc   195,115 
 182,647  e  American Eagle Outfitters, Inc   2,564,364 
 7,459  *  America’s Car-Mart, Inc   396,147 
 44,097  *  Ann Taylor Stores Corp   1,459,611 
 29,071  *  Asbury Automotive Group, Inc   2,157,359 
 38,575  *  Barnes & Noble, Inc   906,127 
 30,027     Bebe Stores, Inc   107,497 
 17,760     Big 5 Sporting Goods Corp   211,522 
 10,945  *  Blue Nile, Inc   340,171 
 13,377  e  Bon-Ton Stores, Inc   73,306 
 4,794  *  Boot Barn Holdings, Inc   96,743 
 41,750     Brown Shoe Co, Inc   1,185,282 
 26,353  e  Buckle, Inc   1,338,469 
 11,671  *  Build-A-Bear Workshop, Inc   240,656 
 27,279  *  Burlington Stores, Inc   1,360,949 
 26,088     Cato Corp (Class A)   1,106,131 
 20,986     Children’s Place Retail Stores, Inc   1,258,111 
 35,263  *  Christopher & Banks Corp   183,720 
 15,428  *  Citi Trends, Inc   353,147 
 26,337  *,e  Conn’s, Inc   414,544 
 16,351  *,e  Container Store Group, Inc   297,915 
237

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 21,480     Core-Mark Holding Co, Inc  $1,432,286 
 11,459  *,e  Coupons.com, Inc   164,093 
 13,003     Destination Maternity Corp   199,076 
 33,183  *  Destination XL Group, Inc   168,570 
 38,649  *  EVINE Live, Inc   242,329 
 80,138  *  Express Parent LLC   1,048,205 
 44,822     Finish Line, Inc (Class A)   1,057,799 
 51,941  *,e  Five Below, Inc   1,730,674 
 40,363  *  Francesca’s Holdings Corp   640,157 
 33,014     Fred’s, Inc (Class A)   548,032 
 17,393  *  FTD Cos, Inc   595,710 
 10,715  *  Gaiam, Inc (Class A)   78,434 
 22,322  *  Genesco, Inc   1,594,907 
 22,527     Group 1 Automotive, Inc   1,810,946 
 58,767     Guess?, Inc   1,103,644 
 19,812     Haverty Furniture Cos, Inc   484,007 
 14,924  *,e  HHgregg, Inc   81,933 
 24,223  *,e  Hibbett Sports, Inc   1,139,450 
 30,963     HSN, Inc   2,397,775 
 13,690  *  Kirkland’s, Inc   318,566 
 15,655  *,e  Lands’ End, Inc   543,072 
 21,451     Lithia Motors, Inc (Class A)   1,816,900 
 26,074  *,e  Lumber Liquidators, Inc   1,646,573 
 23,694  *  MarineMax, Inc   604,434 
 14,260  *,e  Mattress Firm Holding Corp   821,661 
 44,619     Men’s Wearhouse, Inc   2,073,445 
 29,487  e  Monro Muffler, Inc   1,684,887 
 28,143  *  New York & Co, Inc   64,729 
 27,716     Nutri/System, Inc   493,899 
 503,440  *  Office Depot, Inc   3,826,144 
 48,991  *  Orbitz Worldwide, Inc   452,187 
 18,823  *,e  Outerwall, Inc   1,168,532 
 10,900  *,e  Overstock.com, Inc   243,942 
 45,694  *  Pacific Sunwear Of California, Inc   125,659 
 51,102  *  PEP Boys - Manny Moe & Jack   430,790 
 18,190  e  PetMed Express, Inc   285,583 
 89,666     Pier 1 Imports, Inc   1,507,285 
 50,494     Rent-A-Center, Inc   1,730,934 
 29,417  *,e  Restoration Hardware Holdings, Inc   2,574,870 
 29,235  *,e  RetailMeNot, Inc   454,020 
 13,174  *  Sears Hometown and Outlet Stores, Inc   149,525 
 50,510  *  Select Comfort Corp   1,507,218 
 14,422     Shoe Carnival, Inc   334,879 
 36,654  *  Shutterfly, Inc   1,608,011 
 38,137     Sonic Automotive, Inc (Class A)   939,314 
 9,320  *,e  Sportsman’s Warehouse Holdings, Inc   66,452 
 30,124     Stage Stores, Inc   602,480 
 26,421     Stein Mart, Inc   363,553 
 10,728  *  Systemax, Inc   140,215 
 26,651  *  Tile Shop Holdings, Inc   216,406 
 10,337  *  Tilly’s, Inc   142,030 
 28,220  e  Travelport Worldwide Ltd   439,950 
238

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 41,759  *  Tuesday Morning Corp  $739,134 
 29,257  *  Vitamin Shoppe, Inc   1,236,693 
 18,328  *  VOXX International Corp (Class A)   146,624 
 12,360  *,e  Wayfair, Inc   241,762 
 16,223  *  West Marine, Inc   194,676 
 2,025     Winmark Corp   165,058 
 19,848  *  Zumiez, Inc   740,132 
       TOTAL RETAILING   65,782,153 
              
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.7%
 39,355  *  Advanced Energy Industries, Inc   944,520 
 16,875  *  Alpha & Omega Semiconductor Ltd   147,994 
 27,380  *,e  Ambarella, Inc   1,514,388 
 81,070  *  Amkor Technology, Inc   514,795 
 74,107  *  Applied Micro Circuits Corp   389,062 
 13,252  *,e  Audience, Inc   53,538 
 104,971  *  Axcelis Technologies, Inc   251,930 
 62,542     Brooks Automation, Inc   807,417 
 22,407  *  Cabot Microelectronics Corp   1,107,130 
 11,630  *  Cascade Microtech, Inc   156,540 
 49,839  *  Cavium Networks, Inc   2,931,032 
 19,975  *  Ceva, Inc   365,742 
 16  *,m  China Energy Savings Technology, Inc   0 
 59,011  *  Cirrus Logic, Inc   1,563,792 
 24,765     Cohu, Inc   280,587 
 149,962  e  Cypress Semiconductor Corp   2,208,940 
 34,681  *  Diodes, Inc   916,619 
 20,670  *  DSP Group, Inc   227,163 
 129,985  *  Entegris, Inc   1,689,805 
 86,938  *  Entropic Communications, Inc   225,169 
 37,871  *  Exar Corp   341,596 
 116,911  *  Fairchild Semiconductor International, Inc   1,794,584 
 53,538  *  Formfactor, Inc   404,212 
 29,753  *  Inphi Corp   583,159 
 126,349  *  Integrated Device Technology, Inc   2,310,923 
 29,492     Integrated Silicon Solution, Inc   474,231 
 120,972     Intersil Corp (Class A)   1,731,109 
 20,699     IXYS Corp   233,899 
 61,244  *  Kopin Corp   223,541 
 112,349  *  Lattice Semiconductor Corp   801,048 
 11,234  *  MA-COM Technology Solutions   365,217 
 25,932  *  MaxLinear, Inc   208,753 
 39,513     Micrel, Inc   555,948 
 89,393  *  Microsemi Corp   2,490,489 
 49,987     MKS Instruments, Inc   1,750,045 
 36,867     Monolithic Power Systems, Inc   1,750,814 
 23,076  *  Nanometrics, Inc   358,601 
 4,531     NVE Corp   299,544 
 52,149  *  Omnivision Technologies, Inc   1,410,109 
 29,037  *  PDF Solutions, Inc   482,595 
 21,035  *  Pericom Semiconductor Corp   307,321 
 58,924  *  Photronics, Inc   494,962 
239

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 164,866  *  PMC - Sierra, Inc  $1,457,415 
 28,931     Power Integrations, Inc   1,492,261 
 135,224  *  Qorvo, Inc   9,988,997 
 52,419  *,e  QuickLogic Corp   149,394 
 108,175  *  Rambus, Inc   1,216,969 
 24,786  *,e  Rubicon Technology, Inc   103,110 
 32,070  *  Rudolph Technologies, Inc   321,662 
 63,879  *  Semtech Corp   1,626,359 
 74,784  *  Silicon Image, Inc   542,932 
 41,567  *  Silicon Laboratories, Inc   1,818,972 
 56,624  *  Spansion, Inc   2,007,887 
 49,853     Tessera Technologies, Inc   1,848,549 
 26,644  *  Ultra Clean Holdings   234,467 
 26,748  *  Ultratech, Inc   426,363 
 38,091  *  Veeco Instruments, Inc   1,111,115 
 45,949  *  Vitesse Semiconductor Corp   172,309 
 52,215  *  Xcerra Corp   401,011 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   60,588,635 
              
SOFTWARE & SERVICES - 9.1%
 11,671  *,e  A10 Networks, Inc   56,021 
 106,262  *  ACI Worldwide, Inc   1,962,659 
 39,126  *  Actua Corp   629,929 
 71,925  *  Acxiom Corp   1,309,035 
 48,938     Advent Software, Inc   2,048,055 
 8,369  *,e  Aerohive Networks, Inc   33,225 
 8,473  *,e  Amber Road, Inc   80,578 
 23,424  *  American Software, Inc (Class A)   194,185 
 38,414  *,e  Angie’s List, Inc   176,320 
 86,687  *  Aspen Technology, Inc   3,063,952 
 32,388  *  AVG Technologies NV   640,635 
 63,769  *  Bankrate, Inc   795,837 
 7,540  *  Barracuda Networks, Inc   255,304 
 44,743  *,e  Bazaarvoice, Inc   371,814 
 4,695  *,e  Benefitfocus, Inc   113,572 
 43,251     Blackbaud, Inc   1,890,501 
 48,992  *,e  Blackhawk Network Holdings, Inc   1,634,373 
 40,206  *  Blucora, Inc   543,585 
 5,668  *  Borderfree, Inc   34,575 
 37,440  *  Bottomline Technologies, Inc   927,389 
 30,555  *  Brightcove, Inc   218,774 
 27,516  *  BroadSoft, Inc   739,905 
 21,810  *  CACI International, Inc (Class A)   1,844,908 
 45,589  *  Callidus Software, Inc   681,556 
 16,837  *  Carbonite, Inc   253,060 
 41,625  *  Cardtronics, Inc   1,399,016 
 6,670  *,e  Care.com, Inc   53,160 
 10,959     Cass Information Systems, Inc   480,223 
 19,640  *,e  ChannelAdvisor Corp   186,187 
 74,565  *  Ciber, Inc   240,845 
 31,188  *  Cimpress NV   2,512,193 
 44,405  *  Commvault Systems, Inc   1,935,170 
240

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 15,125     Computer Task Group, Inc  $122,361 
 32,449  *  comScore, Inc   1,348,580 
 20,467  *  Comverse, Inc   352,646 
 29,837  *  Constant Contact, Inc   1,128,435 
 94,434     Convergys Corp   1,809,355 
 49,771  *,e  Cornerstone OnDemand, Inc   1,639,954 
 36,214  *  Covisint Corp   80,395 
 31,499     CSG Systems International, Inc   772,356 
 16,126  *,e  Cvent, Inc   402,828 
 23,705  *  Cyan, Inc   68,982 
 19,214  *  Datalink Corp   218,271 
 51,175  *  DealerTrack Holdings, Inc   2,057,235 
 8,284  *  Demand Media, Inc   33,550 
 28,339  *,e  Demandware, Inc   1,517,837 
 38,516  *  Dice Holdings, Inc   318,527 
 31,026  *  Digital River, Inc   792,094 
 6,486  e  DMRC Corp   175,252 
 21,741  *,e  E2open, Inc   128,055 
 99,706     EarthLink Holdings Corp   420,759 
 28,768  e  Ebix, Inc   657,349 
 26,618  *  Ellie Mae, Inc   1,177,580 
 28,649  *,e  Endurance International Group Holdings, Inc   481,590 
 25,781  *  EnerNOC, Inc   443,949 
 32,371  *  Envestnet, Inc   1,666,135 
 34,088  *  EPAM Systems, Inc   1,667,926 
 28,932     EPIQ Systems, Inc   504,863 
 4,543  *  ePlus, Inc   306,380 
 48,088  *  Euronet Worldwide, Inc   2,182,714 
 62,679     EVERTEC, Inc   1,257,341 
 7,163  *  Everyday Health, Inc   99,422 
 30,211  *  ExlService Holdings, Inc   887,599 
 29,934     Fair Isaac Corp   2,135,791 
 11,676  *,e  Five9, Inc   45,887 
 35,518  *,e  FleetMatics Group plc   1,257,692 
 9,950     Forrester Research, Inc   375,513 
 17,421  *,m  Gerber Scientific, Inc   0 
 22,911  *  Gigamon, Inc   421,792 
 63,277  *  Global Cash Access, Inc   418,261 
 6,271  *,e  Globant S.A.   87,042 
 84,524  *,e  Glu Mobile, Inc   296,679 
 53,067  *,e  Gogo, Inc   771,329 
 8,496  *,e  GrubHub, Inc   292,517 
 13,431  *  GTT Communications, Inc   154,591 
 16,887  *,e  Guidance Software, Inc   110,779 
 64,269  *  Guidewire Software, Inc   3,219,877 
 23,878     Hackett Group, Inc   180,995 
 33,323     Heartland Payment Systems, Inc   1,658,486 
 37,165  *  Higher One Holdings, Inc   123,016 
 5,832  *,e  HubSpot, Inc   196,247 
 34,622  *  iGate Corp   1,225,619 
 20,693  *  Imperva, Inc   864,140 
 50,940  *  Infoblox, Inc   951,050 
241

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 30,932     Information Services Group, Inc  $124,347 
 15,802  *,e  Interactive Intelligence, Inc   640,929 
 51,996  *  Internap Network Services Corp   437,806 
 45,066     j2 Global, Inc   2,588,591 
 40,687  *  Jive Software, Inc   234,357 
 26,309  *  Knot, Inc   432,520 
 70,341  *  Kofax Ltd   484,650 
 52,932  *  Limelight Networks, Inc   140,799 
 61,565  *  Lionbridge Technologies   306,594 
 23,178  *,e  Liquidity Services, Inc   179,398 
 51,950  *  Liveperson, Inc   555,865 
 23,107  *  LogMeIn, Inc   1,098,738 
 7,445  *  Luxoft Holding, Inc   290,504 
 16,984  *,e  magicJack VocalTec Ltd   117,869 
 71,391  *  Manhattan Associates, Inc   3,186,894 
 21,873     Mantech International Corp (Class A)   711,529 
 31,255     Marchex, Inc (Class B)   119,082 
 25,067  *,e  Marin Software, Inc   165,944 
 24,390  *,e  Marketo, Inc   839,748 
 9,153  *,e  Mavenir Systems, Inc   109,561 
 63,890     MAXIMUS, Inc   3,559,951 
 91,048     Mentor Graphics Corp   2,095,014 
 8,468  *  MicroStrategy, Inc (Class A)   1,368,429 
 69,351  *,e  Millennial Media, Inc   93,624 
 11,493  *,e  MobileIron, Inc   100,794 
 20,384  *  Model N, Inc   218,109 
 35,712  *,e  ModusLink Global Solutions, Inc   128,920 
 27,759  *  MoneyGram International, Inc   236,507 
 36,698     Monotype Imaging Holdings, Inc   1,076,719 
 88,160  *  Monster Worldwide, Inc   364,101 
 34,007  *,e  Netscout Systems, Inc   1,220,851 
 52,936  *,e  NeuStar, Inc (Class A)   1,391,687 
 59,482     NIC, Inc   976,694 
 7,344  *,e  OPOWER, Inc   83,795 
 9,067  *,e  Park City Group, Inc   94,025 
 6,053  *  Paycom Software, Inc   158,407 
 33,774     Pegasystems, Inc   660,957 
 32,066  *  Perficient, Inc   577,188 
 29,102  *  PRGX Global, Inc   151,039 
 47,999  *  Progress Software Corp   1,202,375 
 35,176  *  Proofpoint, Inc   1,758,800 
 21,964  *  PROS Holdings, Inc   533,506 
 9,375  *  Q2 Holdings, Inc   167,625 
 5,844     QAD, Inc (Class A)   113,023 
 84,677  *  QLIK Technologies, Inc   2,404,827 
 19,108  *  Qualys, Inc   726,486 
 30,845  *  QuinStreet, Inc   157,926 
 23,243  *  Rally Software Development Corp   274,965 
 20,099  *  RealNetworks, Inc   141,296 
 49,119  *  RealPage, Inc   884,633 
 7,367     Reis, Inc   165,758 
 8,284  *,e  Rightside Group Ltd   65,444 
242

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 17,457  *,e  Rocket Fuel, Inc  $223,624 
 20,199  *  Rosetta Stone, Inc   182,195 
 7,442  *  Rubicon Project, Inc   109,621 
 23,257  *  Sapiens International Corp NV   149,310 
 107,316  *  Sapient Corp   2,667,876 
 39,099     Science Applications International Corp   1,907,249 
 26,053  *  Sciquest, Inc   370,474 
 32,419  *  Seachange International, Inc   228,878 
 64,606  *,e  ServiceSource International LLC   216,430 
 14,463  *,e  Shutterstock, Inc   814,122 
 37,515  *,e  Silver Spring Networks, Inc   266,357 
 46,730  *  Sonus Networks, Inc   891,612 
 15,400  *  SPS Commerce, Inc   913,220 
 64,147     SS&C Technologies Holdings, Inc   3,549,254 
 13,371  *  Stamps.com, Inc   609,316 
 36,445  *  Sykes Enterprises, Inc   820,741 
 32,803  *  Synchronoss Technologies, Inc   1,393,143 
 28,824  *  Syntel, Inc   1,246,638 
 37,998  *  TA Indigo Holding Corp   405,059 
 78,517  *  Take-Two Interactive Software, Inc   2,333,525 
 36,746  *  Tangoe, Inc   420,007 
 14,603  *  TechTarget, Inc   161,363 
 45,793  *  TeleCommunication Systems, Inc (Class A)   129,594 
 25,881  *  TeleNav, Inc   167,709 
 16,690  *  TeleTech Holdings, Inc   368,181 
 17,700  *,e  Textura Corp   441,438 
 95,668  *  TiVo, Inc   1,000,687 
 7,507  *  Travelzoo, Inc   64,410 
 33,793  *,e  Tremor Video, Inc   70,965 
 7,343  *,e  TrueCar, Inc   129,090 
 34,560  *  Trulia, Inc   1,475,021 
 3,292  *,e  TubeMogul, Inc   49,973 
 31,213  *  Tyler Technologies, Inc   3,311,075 
 26,802  *  Ultimate Software Group, Inc   3,966,964 
 48,642  *  Unisys Corp   1,066,719 
 91,628  *  Unwired Planet, Inc   90,437 
 5,380  *,e  Varonis Systems, Inc   177,379 
 27,962  *,e  Vasco Data Security International   601,183 
 56,713  *  Verint Systems, Inc   3,027,340 
 40,489  *,e  VirnetX Holding Corp   220,260 
 24,585  *  Virtusa Corp   920,954 
 67,169  *,e  Vringo, Inc   35,526 
 36,097  *,e  WebMD Health Corp (Class A)   1,398,759 
 49,077  *  Website Pros, Inc   741,553 
 36,546  *  WEX, Inc   3,364,059 
 13,190  *  Wix.com Ltd   260,898 
 29,341  *,e  Xoom Corp   432,780 
 6,592  *,e  Yodlee, Inc   60,778 
 17,346  *,e  YuMe, Inc   93,668 
 10,368  *,e  Zendesk, Inc   250,802 
 58,694  *  Zix Corp   207,777 
       TOTAL SOFTWARE & SERVICES   146,739,357 
243

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
TECHNOLOGY HARDWARE & EQUIPMENT - 4.7%
 52,466     Adtran, Inc  $1,160,023 
 13,220  *  Agilysys, Inc   137,224 
 11,654  e  Alliance Fiber Optic Products, Inc   168,750 
 25,429     Anixter International, Inc   1,916,329 
 14,037  *,e  Applied Optoelectronics, Inc   125,491 
 100,826  *  Aruba Networks, Inc   1,671,695 
 13,533     Badger Meter, Inc   810,085 
 9,564     Bel Fuse, Inc (Class B)   224,945 
 40,878     Belden CDT, Inc   3,390,421 
 49,727  *  Benchmark Electronics, Inc   1,204,885 
 13,285     Black Box Corp   279,118 
 34,140  *,e  CalAmp Corp   611,447 
 39,414  *  Calix Networks, Inc   378,374 
 40,327  *  Checkpoint Systems, Inc   522,638 
 99,866  *  Ciena Corp   1,849,518 
 10,845  *,e  Clearfield, Inc   127,754 
 82,063  *  Cognex Corp   3,015,815 
 23,295  *  Coherent, Inc   1,441,495 
 14,632     Comtech Telecommunications Corp   483,441 
 10,726  *,e  Control4 Corp   162,821 
 38,837  *  Cray, Inc   1,261,814 
 32,197     CTS Corp   515,152 
 19,644  *,e  CUI Global, Inc   119,828 
 36,739     Daktronics, Inc   454,829 
 24,046  *  Digi International, Inc   229,639 
 57,035  *  Dot Hill Systems Corp   237,836 
 16,388  *  DTS, Inc   454,275 
 16,791  *  Eastman Kodak Co   302,406 
 15,053     Electro Rent Corp   194,033 
 23,315     Electro Scientific Industries, Inc   146,185 
 43,434  *  Electronics for Imaging, Inc   1,678,724 
 66,476  *  Emulex Corp   416,140 
 92,444  *  Extreme Networks, Inc   271,785 
 32,706  *  Fabrinet   534,089 
 16,362  *  FARO Technologies, Inc   905,637 
 39,607     FEI Co   3,256,488 
 97,657  *,e  Finisar Corp   1,771,498 
 29,697  *  GSI Group, Inc   392,594 
 90,247  *  Harmonic, Inc   690,390 
 26,845  *  Immersion Corp   252,611 
 116,475  *  Infinera Corp   1,877,577 
 38,947  *  Insight Enterprises, Inc   921,876 
 34,812     InterDigital, Inc   1,739,904 
 22,710  *  Intevac, Inc   147,615 
 67,414  *,e  InvenSense, Inc   995,705 
 36,750  *  Itron, Inc   1,367,468 
 55,073  *  Ixia   558,440 
 43,373  *  Kemet Corp   164,817 
 24,063  *  Kimball Electronics, Inc   244,961 
 15,049  *  KVH Industries, Inc   182,093 
244

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 21,016     Littelfuse, Inc  $2,075,120 
 28,731  *,e  Maxwell Technologies, Inc   228,699 
 32,452  *  Mercury Computer Systems, Inc   512,093 
 2,489     Mesa Laboratories, Inc   189,587 
 36,071     Methode Electronics, Inc   1,304,688 
 14,029     MTS Systems Corp   1,014,016 
 8,095  *  Multi-Fineline Electronix, Inc   105,316 
 32,167  *  Netgear, Inc   1,086,280 
 37,939  *  Newport Corp   702,630 
 8,786  *,e  Nimble Storage, Inc   197,070 
 13,850  *  Numerex Corp   145,148 
 88,882  *,e  Oclaro, Inc   127,101 
 18,972  *  OSI Systems, Inc   1,327,661 
 19,103     Park Electrochemical Corp   414,726 
 92,494  *,e  Parkervision, Inc   94,344 
 9,596     PC Connection, Inc   227,905 
 39,955     Plantronics, Inc   1,831,138 
 32,243  *  Plexus Corp   1,221,687 
 129,922  *  Polycom, Inc   1,727,963 
 19,855  *,e  Procera Networks, Inc   174,327 
 80,980  *  QLogic Corp   1,081,893 
 202,570  *,e  Quantum Corp   320,061 
 38,816  *,e  RealD, Inc   421,154 
 25,632  *  Rofin-Sinar Technologies, Inc   690,013 
 16,963  *  Rogers Corp   1,252,887 
 60,047  *  Ruckus Wireless, Inc   635,898 
 76,784  *  Sanmina Corp   1,626,285 
 26,455  *  Scansource, Inc   912,168 
 59,499  *  ShoreTel, Inc   421,253 
 34,136  *,e  Silicon Graphics International Corp   321,903 
 47,011  *  Speed Commerce, Inc   111,886 
 32,475  *  Super Micro Computer, Inc   1,187,611 
 33,971  *  Synaptics, Inc   2,609,313 
 26,788     SYNNEX Corp   1,987,402 
 5,443     Tessco Technologies, Inc   123,284 
 52,184  *  TTM Technologies, Inc   362,679 
 28,004  e  Ubiquiti Networks, Inc   736,365 
 38,562  *,e  Universal Display Corp   1,228,585 
 38,870  *  Viasat, Inc   2,185,271 
 4,709  *  Viasystems Group, Inc   75,391 
 76,079  *,e  Violin Memory, Inc   292,143 
 12,081  *  Vishay Precision Group, Inc   201,028 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   75,460,650 
              
TELECOMMUNICATION SERVICES - 0.7%
 84,244  *  8x8, Inc   649,521 
 9,069     Atlantic Tele-Network, Inc   602,454 
 22,038  *  Boingo Wireless, Inc   186,221 
 198,951  *  Cincinnati Bell, Inc   582,926 
 43,573     Cogent Communications Group, Inc   1,614,815 
 47,013  e  Consolidated Communications Holdings, Inc   1,094,463 
 20,380  *  Fairpoint Communications, Inc   304,885 
245

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 34,127  *  General Communication, Inc (Class A)  $500,984 
 261,291  *,e  Globalstar, Inc   632,324 
 9,958  *  Hawaiian Telcom Holdco, Inc   259,207 
 15,970     IDT Corp (Class B)   341,119 
 57,809  *  inContact, Inc   495,423 
 30,346     Inteliquent, Inc   510,420 
 26,044  *,e  Intelsat S.A.   410,193 
 76,755  *,e  Iridium Communications, Inc   653,185 
 17,042     Lumos Networks Corp   273,183 
 16,952  e  NTELOS Holdings Corp   69,503 
 48,858  *  Orbcomm, Inc   271,651 
 45,901  *  Premiere Global Services, Inc   405,765 
 26,669  *  RingCentral, Inc   360,032 
 23,477     Shenandoah Telecom Co   697,502 
 20,651     Spok Holdings, Inc   353,545 
 68  *,m  Touch America Holdings, Inc   0 
 164,940  *  Vonage Holdings Corp   692,748 
       TOTAL TELECOMMUNICATION SERVICES   11,962,069 
              
TRANSPORTATION - 1.9%
 51,328  *  Air Transport Services Group, Inc   427,562 
 12,917     Allegiant Travel Co   2,341,465 
 24,733     Arkansas Best Corp   921,552 
 24,392  *  Atlas Air Worldwide Holdings, Inc   1,102,518 
 46,926  e  Baltic Trading Ltd   76,020 
 20,769     Celadon Group, Inc   494,925 
 22,349  *  Echo Global Logistics, Inc   590,014 
 29,164     Forward Air Corp   1,309,464 
 5,252  *  FRP Holdings, Inc   190,122 
 42,797  *,e  Hawaiian Holdings, Inc   831,974 
 51,696     Heartland Express, Inc   1,328,070 
 34,539  *  Hub Group, Inc (Class A)   1,153,603 
 5,342     International Shipholding Corp   89,532 
 234,391  *,e  JetBlue Airways Corp   3,935,425 
 56,090     Knight Transportation, Inc   1,598,004 
 31,981  e  Knightsbridge Tankers Ltd   128,244 
 21,717     Marten Transport Ltd   444,113 
 40,848     Matson, Inc   1,419,468 
 71,258     Navios Maritime Holdings, Inc   258,666 
 2,260  *  PAM Transportation Services, Inc   130,854 
 8,489     Park-Ohio Holdings Corp   453,567 
 26,055  *  Quality Distribution, Inc   217,299 
 47,516  *  Republic Airways Holdings, Inc   653,820 
 26,511  *  Roadrunner Transportation Services Holdings, Inc   538,703 
 36,962     Safe Bulkers, Inc   132,694 
 23,096  *  Saia, Inc   972,572 
 129,654  *,e  Scorpio Bulkers, Inc   193,184 
 48,574     Skywest, Inc   609,604 
 79,295  *  Swift Transportation Co, Inc   1,949,071 
 18,824  *,e  Ultrapetrol Bahamas Ltd   30,307 
 6,258     Universal Truckload Services, Inc   147,438 
 5,931  *  USA Truck, Inc   164,882 
246

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 85,334  e  UTI Worldwide, Inc  $1,012,915 
 14,749  *,e  Virgin America, Inc   494,681 
 41,971     Werner Enterprises, Inc   1,197,433 
 51,564  *  Wesco Aircraft Holdings, Inc   672,394 
 49,928  *,e  XPO Logistics, Inc   1,836,851 
 29,743  *  YRC Worldwide, Inc   471,724 
       TOTAL TRANSPORTATION   30,520,734 
              
UTILITIES - 3.7%
 26,638     Abengoa Yield plc   876,923 
 41,837     Allete, Inc   2,370,066 
 36,158     American States Water Co   1,433,303 
 8,678     Artesian Resources Corp   192,218 
 116,253     Atlantic Power Corp   308,070 
 55,788     Avista Corp   2,071,408 
 42,018     Black Hills Corp   2,107,623 
 45,450     California Water Service Group   1,115,343 
 12,642     Chesapeake Utilities Corp   616,424 
 57,181     Cleco Corp   3,108,359 
 12,080     Connecticut Water Service, Inc   434,397 
 116,420  *  Dynegy, Inc   3,180,594 
 37,578     El Paso Electric Co   1,505,375 
 41,136     Empire District Electric Co   1,253,414 
 47,257     Idacorp, Inc   3,209,223 
 41,002     Laclede Group, Inc   2,204,268 
 32,981     MGE Energy, Inc   1,513,828 
 18,020     Middlesex Water Co   394,097 
 39,526     New Jersey Resources Corp   2,524,921 
 25,312     Northwest Natural Gas Co   1,263,322 
 43,775     NorthWestern Corp   2,528,444 
 21,888  e  NRG Yield, Inc   1,157,437 
 48,443     ONE Gas, Inc   2,140,696 
 17,253  e  Ormat Technologies, Inc   461,518 
 34,238     Otter Tail Corp   1,058,639 
 37,529     Pattern Energy Group, Inc   1,096,597 
 73,027     Piedmont Natural Gas Co, Inc   2,913,047 
 75,034     PNM Resources, Inc   2,288,537 
 73,727     Portland General Electric Co   2,926,962 
 13,554     SJW Corp   457,719 
 30,731     South Jersey Industries, Inc   1,790,081 
 43,658     Southwest Gas Corp   2,683,221 
 2,797  e  Spark Energy, Inc   42,990 
 26,568     TerraForm Power, Inc   864,523 
 53,021     UIL Holdings Corp   2,438,966 
 13,231     Unitil Corp   494,310 
 18,260  *,e  Vivint Solar, Inc   144,984 
 48,691     WGL Holdings, Inc   2,751,041 
 11,986     York Water Co   283,709 
       TOTAL UTILITIES   60,206,597 
             
       TOTAL COMMON STOCKS   1,608,436,216 
       (Cost $1,222,592,953)     
247

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
RIGHTS / WARRANTS - 0.0%
               
CONSUMER SERVICES - 0.0%
 2,563  m  Empire Resorts, Inc  $0 
 453  m  Providence Service Corp   0 
       TOTAL CONSUMER SERVICES   0 
             
ENERGY - 0.0%
 16,387  e,m  Magnum Hunter Resources Corp   0 
       TOTAL ENERGY   0 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
 34,794  e,m  Trius Therapeutics, Inc   4,523 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   4,523 
             
TELECOMMUNICATION SERVICES - 0.0%
 55,538  m  Leap Wireless International, Inc   139,956 
       TOTAL TELECOMMUNICATION SERVICES   139,956 
             
       TOTAL RIGHTS / WARRANTS   144,479 
       (Cost $139,956)     
             
SHORT-TERM INVESTMENTS - 14.9%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 14.9%
 240,423,717  a,c  TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		   240,423,717 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   240,423,717 
       TOTAL SHORT-TERM INVESTMENTS   240,423,717 
       (Cost $240,423,717)     
             
       TOTAL INVESTMENTS - 114.4%   1,849,004,412 
       (Cost $1,463,156,626)     
       OTHER ASSETS & LIABILITIES, NET - (14.4)%   (232,603,187)
       NET ASSETS - 100.0%  $1,616,401,225 
       
       
    Abbreviation(s):
    REIT    Real Estate Investment Trust
     
*   Non-income producing.
a   Affiliated holding.
c   Investments made with cash collateral received from securities on loan.
e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $227,954,616.
m   Indicates a security that has been deemed illiquid.
248

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

TIAA-CREF FUNDS
EMERGING MARKETS EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2015

 

SHARES     COMPANY  VALUE 
             
COMMON STOCKS - 99.6%     
             
BRAZIL - 7.5%     
 25,358     AES Tiete S.A.  $156,500 
 1,175,951     AMBEV S.A.   7,726,457 
 27,300  *  B2W Companhia Global Do Varejo   231,972 
 156,630     Banco Bradesco S.A.   1,955,504 
 521,964     Banco Bradesco S.A. (Preference)   6,561,389 
 219,086     Banco do Brasil S.A.   1,686,879 
 38,168     Banco do Estado do Rio Grande do Sul   173,539 
 684,781     Banco Itau Holding Financeira S.A.   8,396,271 
 98,139     Banco Santander Brasil S.A.   457,784 
 184,100     BB Seguridade Participacoes S.A.   2,017,158 
 473,374     BM&F Bovespa S.A.   1,605,405 
 101,400     BR Malls Participacoes S.A.   575,542 
 48,365     Bradespar S.A.   209,268 
 40,115     Braskem S.A.   186,194 
 164,156     BRF S.A.   3,938,643 
 58,376     Centrais Eletricas Brasileiras S.A.   111,607 
 53,892     Centrais Eletricas Brasileiras S.A. (Preference)   123,319 
 51,218     CETIP S.A.-Balcao Organizado de Ativos e Derivativos   657,583 
 35,057     Cia Brasileira de Distribuicao Grupo Pao de Acucar   1,164,103 
 233,356     Cia de Concessoes Rodoviarias   1,328,866 
 76,900     Cia de Saneamento Basico do Estado de Sao Paulo   383,252 
 200,691     Cia Energetica de Minas Gerais   890,797 
 50,220     Cia Energetica de Sao Paulo (Class B)   440,952 
 25,195     Cia Paranaense de Energia   292,960 
 172,530     Cia Siderurgica Nacional S.A.   267,483 
 173,372     Cielo S.A.   2,584,508 
 52,736     Cosan SA Industria e Comercio   482,107 
 55,900     CPFL Energia S.A.   352,494 
 59,005     Cyrela Brazil Realty S.A.   237,713 
 36,928     EcoRodovias Infraestrutura e Logistica S.A.   142,436 
 59,900     EDP - Energias do Brasil S.A.   193,323 
 167,879     Empresa Brasileira de Aeronautica S.A.   1,485,306 
 76,200     Estacio Participacoes S.A.   473,969 
 63,263  *  Fibria Celulose S.A.   766,700 
 210,975     Gerdau S.A. (Preference)   716,289 
 80,882  *  Hypermarcas S.A.   549,512 
 200,664     JBS S.A.   855,528 
 99,020     Klabin S.A.   506,924 
 356,596     Kroton Educacional S.A.   1,634,634 
 35,391     Localiza Rent A Car   460,317 
 25,875     Lojas Americanas S.A.   112,776 
 114,721     Lojas Americanas S.A.(Preference)   664,832 
 31,730     Lojas Renner S.A.   833,677 
 6,900     M Dias Branco S.A.   212,921 
249

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES      COMPANY  VALUE 
             
 52,617     Metalurgica Gerdau S.A.  $192,957 
 17,600     Multiplan Empreendimentos Imobiliarios S.A.   316,088 
 38,392     Natura Cosmeticos S.A.   448,556 
 45,153     Odontoprev S.A.   173,830 
 69,547  *  Oi S.A. (Preference)   128,269 
 767,372     Petroleo Brasileiro S.A.   2,299,328 
 1,074,946     Petroleo Brasileiro S.A. (Preference)   3,277,018 
 23,781     Porto Seguro S.A.   240,181 
 55,900  *  Qualicorp S.A.   553,115 
 56,500     Raia Drogasil S.A.   544,312 
 59,420     Satipel Industrial S.A.   164,536 
 98,045     Souza Cruz S.A.   821,777 
 38,405     Sul America SA   163,775 
 90,000     Suzano Papel e Celulose S.A.   364,595 
 74,621     Telefonica Brasil S.A.   1,379,521 
 229,966     Tim Participacoes S.A.   1,014,739 
 27,300     Totvus S.A.   341,549 
 38,300     Tractebel Energia S.A.   445,354 
 19,800     Transmissora Alianca de Energia Eletrica S.A.   144,778 
 105,280     Ultrapar Participacoes S.A.   2,079,508 
 82,817  *  Usinas Siderurgicas de Minas Gerais S.A. (Preference)   103,396 
 300,400     Vale S.A.   2,083,460 
 457,373     Vale S.A. (Preference)   2,821,028 
 23,100  *  Via Varejo S.A.   151,948 
 68,620     Weg S.A.   818,351 
       TOTAL BRAZIL   75,877,362 
             
CHILE - 1.3%    
 491,917     AES Gener S.A.   253,428 
 538,232     Aguas Andinas S.A.   308,280 
 5,592,294     Banco de Chile   617,295 
 5,800     Banco de Credito e Inversiones   242,874 
 16,209,020     Banco Santander Chile S.A.   769,799 
 13,627     CAP S.A.   33,554 
 308,374     Centros Comerciales Sudamericanos S.A.   754,946 
 36,698     Cia Cervecerias Unidas S.A.   335,841 
 1,840,066     Colbun S.A.   500,690 
 31,697,711     CorpBanca S.A.   350,807 
 67,886     Embotelladora Andina S.A.   191,193 
 882,991     Empresa Nacional de Electricidad S.A.   1,263,807 
 35,162     Empresa Nacional de Telecomunicaciones S.A.   329,215 
 326,169     Empresas CMPC S.A.   810,197 
 141,187     Empresas COPEC S.A.   1,597,763 
 5,255,215     Enersis S.A.   1,627,128 
 73,501  *  Lan Airlines S.A.   775,462 
 237,399     SACI Falabella   1,557,418 
 26,182     Sociedad Quimica y Minera de Chile S.A. (Class B)   624,467 
 84,413     Vina Concha y Toro S.A.   152,484 
       TOTAL CHILE   13,096,648 
             
CHINA - 20.3%    
 201,500  e  AAC Technologies Holdings, Inc   1,287,728 
250

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 5,717,000     Agricultural Bank of China  $2,791,688 
 526,000     Air China Ltd   504,650 
 698,000  *  Alibaba Health Information Technology Ltd   458,757 
 1,128,000  *,e  Aluminum Corp of China Ltd   509,258 
 340,500  e  Anhui Conch Cement Co Ltd   1,139,849 
 294,000  e  Anta Sports Products Ltd   518,045 
 660,000     AviChina Industry & Technology Co   426,449 
 20,201,000     Bank of China Ltd   11,277,379 
 2,389,500     Bank of Communications Co Ltd   2,006,013 
 396,000     BBMG Corp   346,554 
 446,000     Beijing Capital International Airport Co Ltd   423,764 
 140,500     Beijing Enterprises Holdings Ltd   1,072,650 
 1,166,000     Beijing Enterprises Water Group Ltd   765,513 
 820,000     Brilliance China Automotive Holdings Ltd   1,504,121 
 177,000  e  Byd Co Ltd   642,829 
 1,370,000  *,g  CGN Power Co Ltd   581,415 
 783,700     China Agri-Industries Holdings Ltd   316,547 
 1,528,000  *  China Cinda Asset Management Co Ltd   722,741 
 2,224,600     China Citic Bank   1,645,062 
 385,500  *,g  China CNR Corp Ltd   493,669 
 1,769,000  e  China Coal Energy Co   974,539 
 1,225,000     China Communications Construction Co Ltd   1,330,820 
 808,400     China Communications Services Corp Ltd   364,032 
 18,287,350     China Construction Bank   14,638,667 
 850,000     China Everbright Bank Co Ltd   453,010 
 692,000     China Everbright International Ltd   1,020,994 
 260,000     China Everbright Ltd   562,271 
 388,500     China Galaxy Securities Co Ltd   413,658 
 1,829,000  e  China Huishan Dairy Holdings Co Ltd   292,366 
 343,824  *  China Insurance International Holdings Co Ltd   1,057,541 
 165,900     China International Marine Containers Group Co Ltd   318,578 
 1,858,000     China Life Insurance Co Ltd   7,199,921 
 849,000     China Longyuan Power Group Corp   911,215 
 190,000     China Medical System Holdings Ltd   328,629 
 369,000     China Mengniu Dairy Co Ltd   1,681,368 
 1,199,000     China Merchants Bank Co Ltd   2,676,167 
 319,268     China Merchants Holdings International Co Ltd   1,173,263 
 1,669,800     China Minsheng Banking Corp Ltd   2,026,907 
 1,526,000     China Mobile Hong Kong Ltd   20,003,538 
 828,000  e  China National Building Material Co Ltd   795,981 
 528,000     China Oilfield Services Ltd   868,495 
 1,064,000     China Overseas Land & Investment Ltd   3,068,032 
 690,200     China Pacific Insurance Group Co Ltd   3,316,935 
 696,000     China Pharmaceutical Group Ltd   587,142 
 591,000     China Railway Construction Corp   677,404 
 1,162,000     China Railway Group Ltd   848,196 
 344,000  e  China Resources Enterprise   753,142 
 232,000     China Resources Gas Group Ltd   564,681 
 679,555     China Resources Land Ltd   1,738,462 
 518,000     China Resources Power Holdings Co   1,450,383 
 991,500     China Shenhua Energy Co Ltd   2,721,701 
 1,138,000  *  China Shipping Container Lines Co Ltd   357,134 
251

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 200,000  e  China South City Holdings Ltd  $65,421 
 585,000  e  China South Locomotive and Rolling Stock Corp   707,669 
 506,000     China State Construction International Holdings Ltd   775,631 
 3,650,000     China Telecom Corp Ltd   2,158,558 
 1,496,000     China Unicom Ltd   2,239,206 
 383,000  *,e  China Vanke Co Ltd   829,910 
 261,500     Chongqing Changan Automobile Co Ltd   654,100 
 744,000     Chongqing Rural Commercial Bank   455,408 
 598,000     Citic Pacific Ltd   1,029,301 
 334,000     CITIC Securities Co Ltd   1,073,057 
 4,772,000     CNOOC Ltd   6,331,795 
 772,500  *,e  COSCO Holdings   381,841 
 509,158     COSCO Pacific Ltd   736,792 
 1,318,675     Country Garden Holdings Co Ltd   525,433 
 768,000     Datang International Power Generation Co Ltd   419,897 
 750,000     Dongfeng Motor Group Co Ltd   1,084,680 
 206,000     ENN Energy Holdings Ltd   1,217,719 
 1,475,000  e  Evergrande Real Estate Group   612,233 
 439,000     Far East Horizon Ltd   374,028 
 480,000  e  Fosun International   670,365 
 844,000  e  Franshion Properties China Ltd   247,798 
 1,530,000  e  Geely Automobile Holdings Ltd   626,824 
 2,777,668  e  GOME Electrical Appliances Holdings Ltd   382,354 
 281,000  e  Great Wall Motor Co Ltd   1,603,916 
 698,000     Guangdong Investments Ltd   936,950 
 664,000     Guangzhou Automobile Group Co Ltd   602,062 
 311,600  e  Guangzhou R&F Properties Co Ltd   353,277 
 208,000     Haitian International Holdings Ltd   403,267 
 420,000  e  Haitong Securities Co Ltd   910,061 
 195,500     Hengan International Group Co Ltd   2,320,607 
 310,000     Huadian Power International Co   280,377 
 890,000     Huaneng Power International, Inc   1,245,727 
 18,720,000     Industrial & Commercial Bank of China   13,349,734 
 532,017     Inner Mongolia Yitai Coal Co   750,676 
 316,000  *,e  Intime Retail Group Co Ltd   194,352 
 388,000     Jiangsu Express   481,578 
 403,000     Jiangxi Copper Co Ltd   655,946 
 167,000  e  Kingsoft Corp Ltd   397,972 
 1,646,000  e  Lenovo Group Ltd   2,119,380 
 356,500  e  Longfor Properties Co Ltd   468,349 
 235,400  m  New China Life insurance Co Ltd   1,285,662 
 1,839,000     People’s Insurance Co Group of China Ltd   895,427 
 923,055     PICC Property & Casualty Co Ltd   1,800,255 
 647,000     Ping An Insurance Group Co of China Ltd   6,857,509 
 5,543,000  *  Semiconductor Manufacturing International   480,460 
 564,000  e  Shandong Weigao Group Medical Polymer Co Ltd   443,063 
 904,000     Shanghai Electric Group Co Ltd   554,291 
 129,000     Shanghai Fosun Pharmaceutical Group Co Ltd   465,618 
 143,000     Shanghai Industrial Holdings Ltd   422,472 
 213,400     Shanghai Pharmaceuticals Holding Co Ltd   462,101 
 150,000     Shenzhou International Group Holdings Ltd   545,029 
252

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 884,149  e  Shui On Land Ltd  $199,033 
 1,172,000     Sihuan Pharmaceutical Holdings   754,480 
 885,471     Sino-Ocean Land Holdings Ltd   566,224 
 403,000     Sinopec Engineering Group Co Ltd   287,720 
 1,190,000     Sinopec Shanghai Petrochemical Co Ltd   344,423 
 273,600  e  Sinopharm Group Co   996,193 
 427,000     Sinotrans Ltd   301,944 
 535,500     Soho China Ltd   371,901 
 668,500  e  Sun Art Retail Group Ltd   604,490 
 1,282,900     Tencent Holdings Ltd   21,638,101 
 534,000     Tingyi Cayman Islands Holding Corp   1,315,306 
 102,000  e  Tsingtao Brewery Co Ltd   682,625 
 413,200  e  Uni-President China Holdings Ltd   357,112 
 1,571,000  e  Want Want China Holdings Ltd   1,881,296 
 135,200  e  Weichai Power Co Ltd   534,866 
 952,000  e  Yanzhou Coal Mining Co Ltd   757,071 
  2,062,160   e   Yuexiul Property Co Ltd     400,785  
 476,000     Zhejiang Expressway Co Ltd   605,742 
 153,500     Zhuzhou CSR Times Electric Co Ltd   856,293 
 1,884,000  e  Zijin Mining Group Co Ltd   573,697 
 169,520     ZTE Corp   371,776 
       TOTAL CHINA   203,897,069 
              
COLOMBIA - 0.7%      
 48,754     Almacenes Exito S.A.   499,529 
 23,978     Banco Davivienda S.A.   251,769 
 101,538     BanColombia S.A. (Preference)   1,201,810 
 87,140     Cementos Argos S.A.   328,560 
 37,548  *  Cemex Latam Holdings S.A.   234,213 
 14,182     Corp Financiera Colombiana S.A.   215,404 
 257  *,m  Corp Financiera Colombiana S.A. (No-Div)   4,004 
 1,620,910     Ecopetrol S.A.   1,298,721 
 71,834     Grupo Argos S.A.   545,232 
 35,394     Grupo Argos S.A.(Preference)   268,646 
 678,658     Grupo Aval Acciones y Valores   357,408 
 63,918     Grupo de Inversiones Suramericana S.A.   927,335 
 28,989     Grupo de Inversiones Suramericana S.A. (Preference)   413,450 
 77,656     Interconexion Electrica S.A.   238,697 
 205,228     Isagen S.A. ESP   242,657 
       TOTAL COLOMBIA   7,027,435 
              
CZECH REPUBLIC - 0.2%      
 42,122     CEZ AS   985,918 
 4,267     Komercni Banka AS   868,349 
 28,207     Telefonica O2 Czech Republic AS   249,543 
       TOTAL CZECH REPUBLIC   2,103,810 
              
EGYPT - 0.2%      
 231,008     Commercial International Bank   1,673,596 
 684,365  *  Orascom Telecom Holding SAE   419,035 
 270,573     Talaat Moustafa Group   408,419 
 65,419     Telecom Egypt   105,307 
       TOTAL EGYPT   2,606,357 
253

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
       
GREECE - 0.3%      
 891,175  *  Alpha Bank S.A.  $325,598 
 1,786,650  *  Eurobank Ergasias SA   220,942 
 8,857  *  Folli Follie S.A.   264,650 
 63,119  *  Hellenic Telecommunications Organization S.A.   520,498 
 24,254     JUMBO S.A.   230,453 
 376,056  *  National Bank of Greece S.A.   384,572 
 59,557     OPAP S.A.   503,323 
 557,786  *  Piraeus Bank S.A.   324,539 
 33,915  *  Public Power Corp   184,392 
 12,195     Titan Cement Co S.A.   272,279 
       TOTAL GREECE   3,231,246 
              
HONG KONG - 0.9%      
 1,330,000  *,e  Alibaba Pictures Group Ltd   262,281 
 1,245,000     Belle International Holdings Ltd   1,409,259 
 558,000     China Gas Holdings Ltd   862,415 
 637,007     China Resources Cement Holdings Ltd   378,029 
 2,812,000  *,e  GCL Poly Energy Holdings Ltd   610,584 
 277,000     Haier Electronics Group Co Ltd   743,881 
 3,354,000  e  Hanergy Thin Film Power Group Ltd   1,558,104 
 176,000     Kingboard Chemical Holdings Ltd   284,649 
 517,000  e  Lee & Man Paper Manufacturing Ltd   271,446 
 658,000  e  New World China Land Ltd   409,692 
 530,000  e  Nine Dragons Paper Holdings Ltd   389,329 
 383,000     Shimao Property Holdings Ltd   803,917 
 820,000     Sino Biopharmaceutical   819,172 
       TOTAL HONG KONG   8,802,758 
              
HUNGARY - 0.2%      
 16,715     MOL Hungarian Oil and Gas plc   668,972 
 43,847  e  OTP Bank   581,418 
 26,552     Richter Gedeon Rt   360,292 
       TOTAL HUNGARY   1,610,682 
              
INDIA - 7.3%      
 32,027     Adani Enterprises Ltd   322,940 
 8,625     Aditya Birla Nuvo Ltd   250,334 
 172,104     Ambuja Cements Ltd   689,948 
 17,505     Apollo Hospitals Enterprise Ltd   370,522 
 70,289     Asian Paints Ltd   972,039 
 5,299     Associated Cement Co Ltd   133,305 
 34,452     Aurobindo Pharma Ltd   693,166 
 19,115     Bajaj Holdings and Investment Ltd   736,934 
 156,515     Bharat Heavy Electricals   734,267 
 82,382     Bharat Petroleum Corp Ltd   992,915 
 157,045     Bharti Airtel Ltd   945,946 
 166,536     Cairn India Ltd   625,797 
 85,829     Cipla Ltd   962,332 
 176,726     Coal India Ltd   1,025,240 
 113,999     Dabur India Ltd   470,284 
254

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 9,032     Divi S Laboratories Ltd  $253,796 
 98,547     DLF Ltd   268,757 
 29,670     Dr Reddy’s Laboratories Ltd   1,536,056 
 83,714     GAIL India Ltd   570,478 
 1,505     GlaxoSmithKline Consumer Healthcare Ltd   136,660 
 23,381     Godrej Consumer Products Ltd   399,967 
 60,789     HCL Technologies Ltd   1,754,283 
 9,507     Hero Honda Motors Ltd   438,820 
 319,143     Hindalco Industries Ltd   717,144 
 189,756     Hindustan Lever Ltd   2,856,377 
 374,398     Housing Development Finance Corp   7,608,051 
 287,565     ICICI Bank Ltd   1,670,630 
 253,038     Idea Cellular Ltd   631,356 
 230,524     Infosys Technologies Ltd   7,923,540 
 572,549     ITC Ltd   3,395,661 
 98,614     Jindal Steel & Power Ltd   252,460 
 20,436     JSW Steel Ltd   321,840 
 83,001     Larsen & Toubro Ltd   2,271,724 
 69,612     LIC Housing Finance Ltd   536,624 
 62,848     Mahindra & Mahindra Financial Services Ltd   258,897 
 84,821     Mahindra & Mahindra Ltd   1,728,121 
 28,299     Motherson Sumi Systems Ltd   205,591 
 142,681     Mundra Port and Special Economic Zone Ltd   784,011 
 5,317     Nestle India Ltd   610,642 
 408,244     NTPC Ltd   944,873 
 62,761     Oil India Ltd   539,966 
 13,054     Piramal Healthcare Ltd   175,750 
 72,973     Power Finance Corp Ltd   350,333 
 32,126  *  Ranbaxy Laboratories Ltd   363,149 
 215,079  *  Reliance Communication Ventures Ltd   275,894 
 27,225  *  Reliance Energy Ltd   222,683 
 350,380     Reliance Industries Ltd   5,168,819 
 81,835     Rural Electrification Corp Ltd   438,917 
 322,899     Sesa Sterlite Ltd   1,048,098 
 35,591     Shriram Transport Finance Co Ltd   654,413 
 14,564     Siemens India Ltd   244,479 
 393,900     State Bank of India   1,958,977 
 182,937     Sun Pharmaceutical Industries Ltd   2,706,225 
 118,359     Tata Consultancy Services Ltd   4,743,246 
 199,660     Tata Motors Ltd   1,882,907 
 277,989     Tata Power Co Ltd   405,433 
 81,452     Tata Steel Ltd   512,742 
 14,094     Tech Mahindra Ltd   652,080 
 10,322     Ultra Tech Cement Ltd   523,019 
 13,542     United Breweries Ltd   212,355 
 14,068  *  United Spirits Ltd   783,944 
 154,924     Wipro Ltd   1,512,452 
 75,765  *  ZEE Telefilms Ltd   459,773 
       TOTAL INDIA   73,837,982 
             
INDONESIA - 2.6%    
 5,089,000     Adaro Energy Tbk   399,873 
255

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 2,901,100     Bank Rakyat Indonesia  $2,654,451 
 225,300     Indofood CBP Sukses Makmur Tbk   256,916 
 98,700     PT Astra Agro Lestari Tbk   180,401 
 5,102,100     PT Astra International Tbk   3,141,649 
 3,126,200     PT Bank Central Asia Tbk   3,282,381 
 659,066     PT Bank Danamon Indonesia Tbk   228,347 
 2,357,671     PT Bank Mandiri Persero Tbk   2,030,913 
 1,890,993     PT Bank Negara Indonesia   926,547 
 1,238,800     PT Bumi Serpong Damai   196,405 
 1,828,800     PT Charoen Pokphand Indonesia Tbk   568,017 
 671,400     PT Excelcomindo Pratama   253,529 
 1,404,000     PT Global MediaCom Tbk   204,783 
 126,200     PT Gudang Garam Tbk   573,778 
 180,400     PT Indo Tambangraya Megah   237,704 
 358,400     PT Indocement Tunggal Prakarsa Tbk   646,013 
 881,900     PT Indofood Sukses Makmur Tbk   524,219 
 391,400     PT Jasa Marga Tbk   221,464 
 4,834,000     PT Kalbe Farma Tbk   709,251 
 4,038,100     PT Lippo Karawaci Tbk   360,878 
 521,400     PT Matahari Department Store Tbk   636,798 
 1,044,200     PT Media Nusantara Citra Tbk   234,934 
 2,595,000     PT Perusahaan Gas Negara Persero Tbk   1,030,905 
 758,100     PT Semen Gresik Persero Tbk   866,941 
 1,024,300     PT Surya Citra Media Tbk   274,963 
 366,500     PT Tambang Batubara Bukit Asam Tbk   327,551 
 13,115,200     PT Telekomunikasi Indonesia Persero Tbk   2,911,539 
 363,200     PT Unilever Indonesia Tbk   1,022,408 
 420,900     PT United Tractors Tbk   592,274 
 445,000     Tower Bersama Infrastructure   333,204 
       TOTAL INDONESIA   25,829,036 
             
KOREA, REPUBLIC OF - 14.2%    
 854     Amorepacific Corp   2,058,151 
 41,562     BS Financial Group, Inc   525,346 
 16,362  *  Celltrion, Inc   606,795 
 18,450  *  Cheil Communications, Inc   332,432 
 3,700  *  Cheil Industries, Inc   460,132 
 1,888     CJ CheilJedang Corp   604,900 
 3,528     CJ Corp   553,919 
 6,998     Daelim Industrial Co   349,157 
 20,970  *  Daewoo Engineering & Construction Co Ltd   129,511 
 11,433     Daewoo International Corp   285,850 
 48,404  *  Daewoo Securities Co Ltd   443,724 
 27,485     Daewoo Shipbuilding & Marine Engineering Co Ltd   484,628 
 6,331     Daum Communications   879,593 
 4,042  *  DC Chemical Co Ltd   286,567 
 34,362     DGB Financial Group Co Ltd   329,536 
 10,025     Dongbu Insurance Co Ltd   483,632 
 1,617     Doosan Corp   152,960 
 14,646     Doosan Heavy Industries and Construction Co Ltd   310,742 
 26,980  *  Doosan Infracore Co Ltd   249,799 
 5,508     E-Mart Co Ltd   1,045,092 
256

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 3,596     GLOVIS Co Ltd  $800,935 
 11,581  *  GS Engineering & Construction Corp   263,235 
 20,342     GS Holdings Corp   769,816 
 9,067     Halla Climate Control Corp   381,686 
 72,289     Hana Financial Group, Inc   2,113,060 
 17,257     Hankook Tire Co Ltd   829,823 
 22,203     Hanwha Chemical Corp   248,419 
 11,305     Hanwha Corp   282,043 
 4,113     Honam Petrochemical Corp   648,945 
 8,458     Hotel Shilla Co Ltd   784,805 
 144,886  *  Hynix Semiconductor, Inc   6,258,428 
 4,965     Hyosung Corp   327,637 
 3,491     Hyundai Department Store Co Ltd   378,495 
 15,220     Hyundai Development Co   595,381 
 17,167     Hyundai Engineering & Construction Co Ltd   679,376 
 10,437     Hyundai Heavy Industries   1,069,499 
 11,800     Hyundai Marine & Fire Insurance Co Ltd   280,820 
 18,473  *  Hyundai Merchant Marine Co Ltd   173,142 
 2,740     Hyundai Mipo Dockyard   192,290 
 17,199     Hyundai Mobis   3,888,140 
 38,409     Hyundai Motor Co   5,902,846 
 10,264     Hyundai Motor Co Ltd (2nd Preference)   1,121,070 
 6,852     Hyundai Motor Co Ltd (Preference)   716,457 
 17,708     Hyundai Steel Co   1,062,417 
 3,613     Hyundai Wia Corp   504,071 
 63,831     Industrial Bank of Korea   749,842 
 5,780     Jinro Ltd   121,758 
 28,326     Kangwon Land, Inc   835,314 
 96,740     KB Financial Group, Inc   3,249,808 
 1,194     KCC Corp   600,749 
 3,049     KEPCO Plant Service & Engineering Co Ltd   245,571 
 66,143     Kia Motors Corp   2,764,253 
 10,553     Korea Aerospace Industries Ltd   449,085 
 66,246     Korea Electric Power Corp   2,590,147 
 881  *  Korea Express Co Ltd   154,293 
 6,951  *  Korea Gas Corp   286,178 
 8,950     Korea Investment Holdings Co Ltd   421,777 
 2,829     Korea Kumho Petrochemical   230,401 
 55,609     Korea Life Insurance Co Ltd   394,473 
 2,401     Korea Zinc Co Ltd   937,846 
 7,355  *  Korean Air Lines Co Ltd   319,252 
 15,402     KT Corp   419,345 
 28,666     KT&G Corp   2,092,560 
 12,242     LG Chem Ltd   2,201,617 
 2,611     LG Chem Ltd (Preference)   346,600 
 24,803     LG Corp   1,395,856 
 25,156     LG Electronics, Inc   1,393,661 
 2,390     LG Household & Health Care Ltd   1,503,584 
 2,992  *  LG Innotek Co Ltd   265,178 
 54,508     LG Telecom Ltd   600,928 
 58,425  *  LG.Philips LCD Co Ltd   1,919,735 
 169     Lotte Confectionery Co Ltd   288,002 
257

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 2,507     Lotte Shopping Co Ltd  $542,549 
 3,131     LS Cable Ltd   137,243 
 2,364     LS Industrial Systems Co Ltd   130,296 
 6,108     Mirae Asset Securities Co Ltd   257,041 
 7,004     Naver Corp   4,539,736 
 3,849     NCsoft   702,891 
 843     Orion Corp   804,415 
 761     Pacific Corp   867,423 
 11,158     Paradise Co Ltd   266,610 
 16,300     POSCO   3,786,411 
 3,578     S1 Corp (Korea)   260,310 
 8,399     Samsung Card Co   291,932 
 31,995     Samsung Corp   1,621,193 
 15,023     Samsung Electro-Mechanics Co Ltd   914,316 
 27,503     Samsung Electronics Co Ltd   34,142,186 
 5,131     Samsung Electronics Co Ltd (Preference)   4,994,233 
 6,953  *  Samsung Engineering Co Ltd   239,815 
 8,465     Samsung Fire & Marine Insurance Co Ltd   2,283,445 
 40,685     Samsung Heavy Industries Co Ltd   658,673 
 15,764     Samsung Life Insurance Co Ltd   1,619,184 
 13,603     Samsung SDI Co Ltd   1,587,344 
 6,798  *  Samsung SDS Co Ltd   1,644,176 
 14,049     Samsung Securities Co Ltd   606,170 
 104,597     Shinhan Financial Group Co Ltd   4,270,529 
 1,503     Shinsegae Co Ltd   220,394 
 5,022     SK C&C Co Ltd   1,070,429 
 6,348     SK Corp   989,723 
 17,628     SK Energy Co Ltd   1,496,959 
 27,882  *  SK Networks Co Ltd   238,838 
 2,813     SK Telecom Co Ltd   737,191 
 17,112     S-Oil Corp   941,281 
 12,677     Woongjin Coway Co Ltd   1,015,947 
 68,974  *  Woori Bank   555,021 
 25,261     Woori Investment & Securities Co Ltd   254,372 
 2,000     Yuhan Corp   312,142 
       TOTAL KOREA, REPUBLIC OF   142,623,533 
             
MALAYSIA - 3.3%    
 209,600     AirAsia BHD   161,764 
 212,700     Alliance Financial Group BHD   280,239 
 362,000     AMMB Holdings BHD   624,531 
 333,400     Astro Malaysia Holdings BHD   268,337 
 129,391     Berjaya Sports Toto BHD   120,774 
 35,600     British American Tobacco Malaysia BHD   647,144 
 770,000     Bumi Armada BHD   254,718 
 1,266,576     Bumiputra-Commerce Holdings BHD   1,917,549 
 853,596     Dialog Group BHD   380,211 
 818,600     Digi.Com BHD   1,446,311 
 281,800     Felda Global Ventures Holdings BHD   189,524 
 438,100     Gamuda BHD   612,353 
 501,975     Genting BHD   1,220,073 
 41,000     Genting Plantations BHD   114,818 
258

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 90,620     Hong Leong Bank BHD  $349,481 
 31,000     Hong Leong Credit BHD   144,092 
 683,400     IHH Healthcare BHD   977,336 
 255,300     IJM Corp BHD   485,470 
 777,300     IOI Corp BHD   1,009,119 
 352,333     IOI Properties Group Sdn BHD   199,550 
 125,200     Kuala Lumpur Kepong BHD   781,982 
 81,300     Lafarge Malayan Cement BHD   222,074 
 1,169,655     Malayan Banking BHD   2,807,970 
 148,054     Malaysia Airports Holdings BHD   291,647 
 438,300     Maxis BHD   855,822 
 323,400     MISC BHD   690,835 
 634,200     Petronas Chemicals Group BHD   888,813 
 132,300     Petronas Dagangan BHD   643,716 
 174,200     Petronas Gas BHD   1,065,943 
 124,700     PPB Group BHD   498,693 
 700,440     Public Bank BHD   3,498,701 
 763,900     Resorts World BHD   853,220 
 97,271     RHB Capital BHD   218,605 
 1,107,100     Sapurakencana Petroleum BHD   813,787 
 810,228     Sime Darby BHD   2,098,835 
 370,257     Telekom Malaysia BHD   712,264 
 735,350     Tenaga Nasional BHD   2,932,960 
 652,400     TM International BHD   1,292,763 
 231,400     UEM Land Holdings BHD   80,676 
 113,300     UMW Holdings BHD   340,280 
 975,000     YTL Corp BHD   472,988 
 142,769     YTL Power International BHD   62,893 
       TOTAL MALAYSIA   33,528,861 
              
MEXICO - 4.3%      
 733,250  *  Alfa S.A. de C.V. (Class A)   1,343,766 
 8,328,470  e  America Movil S.A. de C.V. (Series L)   8,906,593 
 3,064,291  *,e  Cemex S.A. de C.V.   2,720,952 
 110,560     Coca-Cola Femsa S.A. de C.V.   895,942 
 255,286  *,e  Compartamos SAB de C.V.   482,318 
 126,900     Controladora Comercial Mexicana S.A. de C.V.   385,538 
 54,900  *  El Puerto de Liverpool SAB de C.V.   562,460 
 96,225  *  Embotelladoras Arca SAB de C.V.   568,767 
 547,600     Fibra Uno Administracion S.A. de C.V.   1,651,257 
 487,237  *  Fomento Economico Mexicano S.A. de C.V.   4,069,328 
 166,200  *,e  Genomma Lab Internacional S.A. de C.V.   263,224 
 48,500     Gruma SAB de C.V.   525,332 
 87,328     Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares)   577,351 
 50,200  *  Grupo Aeroportuario del Sureste S.A. de C.V. (Class B)   656,339 
 388,820  *,e  Grupo Bimbo S.A. de C.V. (Series A)   989,332 
 136,498     Grupo Carso S.A. de C.V. (Series A1)   597,096 
 87,300  *  Grupo Comercial Chedraui S.a. DE C.V.   241,932 
 632,587     Grupo Financiero Banorte S.A. de C.V.   3,210,307 
 555,032     Grupo Financiero Inbursa S.A.   1,431,134 
 479,200  e  Grupo Financiero Santander Mexico SAB de C.V.   1,014,698 
 151,300  *  Grupo Lala SAB de C.V.   295,646 
259

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 880,556     Grupo Mexico S.A. de C.V. (Series B)  $2,325,709 
 636,326  *  Grupo Televisa S.A.   4,141,563 
 32,617  e  Industrias Penoles S.A. de C.V.   643,832 
 407,942     Kimberly-Clark de Mexico S.A. de C.V. (Class A)   791,962 
 243,696  *  Mexichem SAB de C.V.   675,673 
 62,440  *,e  Minera Frisco SAB de C.V.   81,812 
 210,700  *  OHL Mexico SAB de CV   400,048 
 64,700  *  Promotora y Operadora de Infraestructura SAB de C.V.   728,255 
 1,312,989  e  Wal-Mart de Mexico S.A. de C.V. (Series V)   2,535,844 
       TOTAL MEXICO   43,714,010 
              
PERU - 0.3%      
 57,822     Cia de Minas Buenaventura S.A. (ADR) (Series B)   660,327 
 16,072     Credicorp Ltd (NY)   2,316,297 
       TOTAL PERU   2,976,624 
              
PHILIPPINES - 1.3%      
 484,880     Aboitiz Equity Ventures, Inc   621,171 
 332,400     Aboitiz Power Corp   334,306 
 455,300     Alliance Global Group, Inc   257,323 
 50,348     Ayala Corp   827,294 
 1,645,000     Ayala Land, Inc   1,339,732 
 396,956     Banco de Oro Universal Bank   1,030,237 
 197,470     Bank of the Philippine Islands   442,263 
 912,800     DMCI Holdings, Inc   318,402 
 7,430     Globe Telecom, Inc   293,274 
 127,780     International Container Term Services, Inc   329,156 
 659,830     JG Summit Holdings (Series B)   980,175 
 108,030     Jollibee Foods Corp   567,161 
 3,090,000     Megaworld Corp   362,404 
 2,223,600     Metro Pacific Investments Corp   260,330 
 71,033     Metropolitan Bank & Trust   153,020 
 25,965     Philippine Long Distance Telephone Co   1,747,068 
 2,420,400     PNOC Energy Development Corp   468,093 
 41,940     SM Investments Corp   881,782 
 1,808,775     SM Prime Holdings   760,266 
 243,170     Universal Robina   1,140,852 
       TOTAL PHILIPPINES   13,114,309 
              
POLAND - 1.4%      
 7,112  *  Alior Bank S.A.   164,530 
 5,795     Bank Handlowy w Warszawie S.A.   168,960 
 73,388     Bank Millennium S.A.   148,140 
 33,058     Bank Pekao S.A.   1,594,558 
 6,630     Bank Zachodni WBK S.A.   616,870 
 2,875     BRE Bank S.A.   363,513 
 3,139     CCC S.A.   130,282 
 45,713     Cyfrowy Polsat S.A.   293,685 
 55,446     Enea S.A.   246,348 
 45,941     Energa S.A.   260,319 
 15,689     Eurocash S.A.   155,699 
 254,984  *  Get Bank S.A.   136,923 
260

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 49,843  *  Grupa Lotos S.A.  $328,900 
 37,893     KGHM Polska Miedz S.A.   1,074,250 
 201     LPP S.A.   406,547 
 644,074     Polish Oil & Gas Co   760,008 
 222,892     Polska Grupa Energetyczna S.A.   1,167,910 
 105,361     Polski Koncern Naftowy Orlen S.A.   1,554,556 
 214,071     Powszechna Kasa Oszczednosci Bank Polski S.A.   1,980,623 
 14,806     Powszechny Zaklad Ubezpieczen S.A.   2,013,616 
 95,708     Synthos S.A.   110,909 
 194,976     Tauron Polska Energia S.A.   262,314 
 153,060     Telekomunikacja Polska S.A.   369,232 
 9,439     Zaklady Azotowe w Tarnowie-Moscicach S.A.   180,502 
       TOTAL POLAND   14,489,194 
              
QATAR - 0.8%    
 34,886  *  Barwa Real Estate Co   420,023 
 8,659  *  Commercial Bank of Qatar QSC   160,346 
 8,371  *  Doha Bank QSC   134,184 
 20,286  *  Gulf International Services OSC   563,788 
 29,374  *  Industries Qatar QSC   1,198,257 
 106,696  *  Masraf Al Rayan   1,306,888 
 19,761  *  Ooredoo QSC   623,785 
 7,075  *  Qatar Electricity & Water Co   363,889 
 19,449  *  Qatar Islamic Bank SAQ   548,648 
 37,553  *  Qatar National Bank   2,039,098 
 132,091  *  Vodafone Qatar   539,435 
       TOTAL QATAR   7,898,341 
              
RUSSIA - 3.0%      
 33,708     AFK Sistema (GDR)   150,001 
 1,513,891     Gazprom OAO (ADR)   6,076,892 
 133,775     LUKOIL (ADR)   5,259,946 
 65,166     Magnit OAO (GDR)   2,477,888 
 145,393     MMC Norilsk Nickel (ADR)   2,396,384 
 107,849     Mobile TeleSystems (ADR)   847,693 
 24,811     NovaTek OAO (GDR)   1,724,651 
 399,490     Rosneft Oil Co (GDR)   1,294,813 
 40,710     Rostelecom (ADR)   285,803 
 347,233     RusHydro (ADR)   262,508 
 700,900     Sberbank of Russian Federation (ADR)   2,583,102 
 61,705     Severstal (GDR)   561,141 
 484,241     Surgutneftegaz (ADR)   2,102,466 
 67,002     Tatneft (GDR)   1,568,968 
 3,625     TMK OAO (GDR)   9,241 
 71,265  *  Uralkali (GDR)   884,350 
 688,666     VTB Bank OJSC (GDR)   1,321,542 
       TOTAL RUSSIA   29,807,389 
              
SOUTH AFRICA - 7.8%      
 331,683  *,e,m  African Bank Investments Ltd   285 
 29,596     African Rainbow Minerals Ltd   297,630 
 14,655  *  Anglo Platinum Ltd   449,270 
261

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 109,738  *  AngloGold Ashanti Ltd  $1,331,001 
 79,064     Aspen Pharmacare Holdings Ltd   2,960,505 
 4,702  e  Assore Ltd   64,558 
 75,350     Barclays Africa Group Ltd   1,280,982 
 44,200     Barloworld Ltd   333,511 
 79,287     Bidvest Group Ltd   2,188,209 
 83,974  *  Brait S.A.   554,675 
 56,058     Coronation Fund Managers Ltd   496,118 
 84,993     Discovery Holdings Ltd   837,124 
 67,287  e  Exxaro Resources Ltd   596,194 
 804,111     FirstRand Ltd   3,578,594 
 41,232     Foschini Ltd   591,167 
 204,143     Gold Fields Ltd   1,176,032 
 120,662     Gold Reef Resorts Ltd   284,199 
 545,126     Growthpoint Properties Ltd   1,368,667 
 148,465  *  Impala Platinum Holdings Ltd   963,258 
 41,140     Imperial Holdings Ltd   724,718 
 54,289     Investec Ltd   454,734 
 16,491  e  Kumba Iron Ore Ltd   316,983 
 20,284     Liberty Holdings Ltd   228,358 
 248,707     Life Healthcare Group Holdings Pte Ltd   925,549 
 19,917     Massmart Holdings Ltd   283,485 
 100,208     Mediclinic International Ltd   990,858 
 207,068     Metropolitan Holdings Ltd   557,101 
 57,525     Mr Price Group Ltd   1,302,937 
 418,217     MTN Group Ltd   7,222,063 
 139,846     Nampak Ltd   509,813 
 98,270     Naspers Ltd (N Shares)   14,176,612 
 46,133  e  Nedbank Group Ltd   1,011,331 
 267,363     Network Healthcare Holdings Ltd   887,601 
 63,787     Pick’n Pay Stores Ltd   314,405 
 92,349     PPC Ltd   169,231 
 738,814     Redefine Properties Ltd   721,387 
 124,184     Remgro Ltd   2,873,586 
 23,452     Resilient Property Income Fund Ltd   177,889 
 179,661     RMB Holdings Ltd   1,014,742 
 151,608     RMI Holdings   553,162 
 478,955     Sanlam Ltd   2,870,732 
 123,781  *,e  Sappi Ltd   508,218 
 149,317     Sasol Ltd   5,393,324 
 119,869     Shoprite Holdings Ltd   1,894,848 
 34,986     Spar Group Ltd   551,896 
 311,944     Standard Bank Group Ltd   4,119,291 
 523,875  e  Steinhoff International Holdings Ltd   2,677,495 
 39,749  *  Telkom S.A. Ltd   237,538 
 41,610     Tiger Brands Ltd   1,403,249 
 91,203     Truworths International Ltd   631,577 
 93,327  e  Vodacom Group Pty Ltd   1,071,519 
 255,591     Woolworths Holdings Ltd   1,897,141 
       TOTAL SOUTH AFRICA   78,025,352 
262

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
     
TAIWAN - 12.0%    
 642,912  *  Acer, Inc  $417,111 
 1,630,372     Advanced Semiconductor Engineering, Inc   2,047,289 
 76,850     Advantech Co Ltd   573,829 
 591,512     Asia Cement Corp   713,138 
 492,000     Asia Pacific Telecom Co Ltd   235,690 
 179,500     Asustek Computer, Inc   1,876,064 
 2,266,000     AU Optronics Corp   1,232,000 
 172,000     Catcher Technology Co Ltd   1,504,067 
 2,116,270     Cathay Financial Holding Co Ltd   3,030,564 
 231,960     Chailease Holding Co Ltd   547,500 
 1,035,413     Chang Hwa Commercial Bank   584,242 
 428,490     Cheng Shin Rubber Industry Co Ltd   1,032,846 
 111,453     Chicony Electronics Co Ltd   305,831 
 704,000  *  China Airlines   355,200 
 3,710,754     China Development Financial Holding Corp   1,218,568 
 841,807     China Life Insurance Co Ltd (Taiwan)   705,592 
 60,000     China Motor Corp   51,488 
 2,934,850     China Steel Corp   2,486,378 
 3,598,633     Chinatrust Financial Holding Co   2,282,810 
 1,011,600     Chunghwa Telecom Co Ltd   3,057,081 
 87,497     Clevo Co   132,400 
 1,083,000     Compal Electronics, Inc   789,738 
 150,000     CTCI Corp   237,028 
 473,000     Delta Electronics, Inc   2,889,038 
 1,589,237     E.Sun Financial Holding Co Ltd   977,652 
 42,400     Eclat Textile Co Ltd   438,939 
 283,000     Epistar Corp   501,358 
 488,967  *  Eva Airways Corp   377,139 
 286,299  *  Evergreen Marine Corp Tawain Ltd   203,987 
 165,985     Far Eastern Department Stores Co Ltd   141,616 
 709,522     Far Eastern Textile Co Ltd   714,110 
 395,000     Far EasTone Telecommunications Co Ltd   965,028 
 36,256     Farglory Land Development Co Ltd   42,344 
 1,879,501     First Financial Holding Co Ltd   1,094,918 
 783,270     Formosa Chemicals & Fibre Corp   1,676,083 
 7,635     Formosa International Hotels Corp   77,121 
 508,000     Formosa Petrochemical Corp   1,082,233 
 1,023,600     Formosa Plastics Corp   2,470,188 
 104,000     Formosa Taffeta Co Ltd   105,018 
 180,240     Foxconn Technology Co Ltd   488,026 
 1,733,812     Fubon Financial Holding Co Ltd   2,747,378 
 2,366,970     Fuhwa Financial Holdings Co Ltd   1,135,500 
 65,000     Giant Manufacturing Co Ltd   567,320 
 9,000     Hermes Microvision, Inc   424,958 
 193,500  *  High Tech Computer Corp   959,299 
 128,300     Highwealth Construction Corp   260,057 
 48,709     Hiwin Technologies Corp   400,735 
 3,080,153     Hon Hai Precision Industry Co, Ltd   8,451,912 
 67,000     Hotai Motor Co Ltd   962,715 
 1,412,167     Hua Nan Financial Holdings Co Ltd   785,013 
 2,135,061     InnoLux Display Corp   1,028,594 
 633,000  *  Inotera Memories, Inc   905,050 
263

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 555,060     Inventec Co Ltd  $409,967 
 52,000     Kinsus Interconnect Technology Corp   166,649 
 27,000     Largan Precision Co Ltd   2,245,254 
 484,946     Lite-On Technology Corp   597,706 
 354,961     MediaTek, Inc   5,397,267 
 2,627,655     Mega Financial Holding Co Ltd   2,005,014 
 53,000     Merida Industry Co Ltd   366,092 
 1,245,860     Nan Ya Plastics Corp   2,503,227 
 139,000     Novatek Microelectronics Corp Ltd   764,571 
 448,000     Pegatron Technology Corp   1,191,268 
 28,000     Phison Electronics Corp   198,495 
 439,000     Pou Chen Corp   601,209 
 134,000     Powertech Technology, Inc   221,685 
 155,000     President Chain Store Corp   1,191,530 
 654,000     Quanta Computer, Inc   1,593,792 
 93,814     Radiant Opto-Electronics Corp   296,781 
 127,085     Realtek Semiconductor Corp   385,322 
 126,735     Ruentex Development Co Ltd   190,259 
 123,730     Ruentex Industries Ltd   268,226 
 38,604     Scinopharm Taiwan Ltd   64,708 
 1,178,474     Shin Kong Financial Holding Co Ltd   328,522 
 765,000     Siliconware Precision Industries Co   1,289,967 
 58,490     Simplo Technology Co Ltd   287,016 
 1,748,323     SinoPac Financial Holdings Co Ltd   711,512 
 81,851     Standard Foods Corp   175,940 
 252,000     Synnex Technology International Corp   362,234 
 2,007,266     Taishin Financial Holdings Co Ltd   823,005 
 355,156  *  Taiwan Business Bank   103,091 
 901,914     Taiwan Cement Corp   1,217,686 
 1,126,727     Taiwan Cooperative Financial Holding   581,102 
 184,000     Taiwan Fertilizer Co Ltd   320,572 
 172,129     Taiwan Glass Industrial Corp   125,099 
 445,200     Taiwan Mobile Co Ltd   1,468,003 
 6,106,000     Taiwan Semiconductor Manufacturing Co Ltd   26,851,920 
 532,000     Teco Electric and Machinery Co Ltd   496,628 
 56,626     TPK Holding Co Ltd   366,854 
 28,000     Transcend Information, Inc   89,222 
 118,567     TSRC Corp   141,028 
 55,000     U-Ming Marine Transport Corp   84,995 
 274,000     Unimicron Technology Corp   187,645 
 1,227,548     Uni-President Enterprises Corp   1,956,005 
 3,135,000     United Microelectronics Corp   1,518,101 
 191,000     Vanguard International Semiconductor Corp   323,523 
 749,000  *  Walsin Lihwa Corp   231,195 
 594,538     Wistron Corp   542,034 
 296,500     WPG Holdings Co Ltd   368,131 
 223,700  *  Yang Ming Marine Transport   120,461 
 141,000     Yulon Motor Co Ltd   205,912 
 62,127     Zhen Ding Technology Holding Ltd   174,142 
       TOTAL TAIWAN   120,400,350 
264

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
THAILAND - 2.4%    
 272,200     Advanced Info Service PCL (Foreign)  $2,033,840 
 87,600     Airports of Thailand PCL (Foreign)   864,342 
 153,800     Bangkok Bank PCL (Foreign)   901,651 
 686,000     Bangkok Dusit Medical Services PCL   388,958 
 473,000     Banpu PCL (Foreign)   350,943 
 257,700     BEC World PCL (Foreign)   405,138 
 970,600     BTS Group Holdings PCL (Foreign)   291,160 
 96,000     Bumrungrad Hospital PCL (Foreign)   456,657 
 245,600     Central Pattana PCL (Foreign)   334,792 
 551,900     Charoen Pokphand Foods PCL   425,771 
 1,182,800     CP Seven Eleven PCL (Foreign)   1,498,443 
 250,000     Energy Absolute PCL (Foreign)   190,409 
 154,700     Glow Energy PCL (Foreign)   429,217 
 542,743     Home Product Center PCL (Foreign)   135,147 
 266,178     Indorama Ventures PCL (Foreign)   177,066 
 4,354,300     IRPC PCL (Foreign)   454,360 
 470,700     Kasikornbank PCL (Foreign)   3,216,232 
 1,010,050     Krung Thai Bank PCL (Foreign)   699,252 
 195,700     Minor International PCL (Foreign)   216,069 
 442,384     PTT Exploration & Production PCL (Foreign)   1,474,866 
 471,441     PTT Global Chemical PCL (Foreign)   813,518 
 286,000     PTT PCL (Foreign)   3,023,889 
 109,900     Siam Cement PCL (Foreign)   1,671,112 
 349,200     Siam Commercial Bank PCL (Foreign)   1,912,961 
 484,900     Thai Oil PCL (Foreign)   757,724 
 1,958,700     TMB Bank PCL (Foreign)   185,282 
 1,314,846  *  True Corp PCL (Foreign)   544,809 
       TOTAL THAILAND   23,853,608 
             
TURKEY - 1.7%    
 468,242     Akbank TAS   1,705,830 
 47,610  *  Anadolu Efes Biracilik Ve Malt Sanayii AS   417,726 
 42,401     Arcelik AS   269,472 
 55,225     BIM Birlesik Magazalar AS   1,114,450 
 17,406     Coca-Cola Icecek AS   350,972 
 415,887     Emlak Konut Gayrimenkul Yatiri   543,079 
 104,403     Enka Insaat ve Sanayi AS   210,926 
 359,668     Eregli Demir ve Celik Fabrikalari TAS   644,789 
 11,768     Ford Otomotiv Sanayi AS   163,206 
 242,708     Haci Omer Sabanci Holding AS   1,022,363 
 166,185     KOC Holding AS   861,713 
 38,412     TAV Havalimanlari Holding AS   286,523 
 18,527     Tofas Turk Otomobil Fabrik   123,331 
 44,462     Tupras Turkiye Petrol Rafine   963,659 
 126,045  *  Turk Hava Yollari   481,039 
 142,252     Turk Sise ve Cam Fabrikalari AS   222,053 
 95,157     Turk Telekomunikasyon AS   284,695 
 221,307  *  Turkcell Iletisim Hizmet AS   1,274,031 
 594,698     Turkiye Garanti Bankasi AS   2,500,579 
 168,278     Turkiye Halk Bankasi AS   1,080,532 
 412,163     Turkiye Is Bankasi (Series C)   1,194,766 
 199,158     Turkiye Vakiflar Bankasi Tao   462,679 
265

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 31,753     Ulker Biskuvi Sanayi AS  $251,192 
 198,601     Yapi ve Kredi Bankasi   410,561 
       TOTAL TURKEY   16,840,166 
              
UNITED ARAB EMIRATES - 0.6%      
 273,117  *  Abu Dhabi Commercial Bank PJSC   513,813 
 877,914  *  Aldar Properties PJSC   566,553 
 309,509  *  Arabtec Holding Co   243,743 
 41,442     DP World Ltd   813,138 
 557,713  *  Dubai Financial Market   287,756 
 264,904  *  Dubai Islamic Bank PJSC   469,077 
 922,095     Emaar Properties PJSC   1,680,694 
 131,301     First Gulf Bank PJSC   605,433 
 132,942  *  National Bank of Abu Dhabi PJSC   465,028 
       TOTAL UNITED ARAB EMIRATES   5,645,235 
              
UNITED STATES - 5.0%    
 419,000     iShares Core MSCI Emerging Markets ETF   19,701,380 
 552,296  e  iShares MSCI Emerging Markets   21,550,590 
 19,500     iShares MSCI South Korea Index Fund   1,085,565 
 45,196  e  Southern Copper Corp (NY)   1,232,947 
 167,000     Vanguard Emerging Markets ETF   6,669,980 
       TOTAL UNITED STATES   50,240,462 
             
       TOTAL COMMON STOCKS   1,001,077,819 
       (Cost $1,024,746,585)     
              
PREFERRED STOCKS - 0.3%    
              
BRAZIL - 0.3%      
 829,475     ITAUSA Investimentos Itau PR   2,825,455 
       TOTAL BRAZIL   2,825,455 
              
PHILIPPINES - 0.0%      
 307,700  *,m  Ayala Land, Inc (Preferred B)   698 
       TOTAL PHILIPPINES   698 
             
       TOTAL PREFERRED STOCKS   2,826,153 
       (Cost $3,312,885)     
             
RIGHTS / WARRANTS - 0.0%      
KOREA, REPUBLIC OF - 0.0%      
 2,838  m  Hyundai Merchant Marine Co Ltd   7,732 
       TOTAL KOREA, REPUBLIC OF   7,732 
             
       TOTAL RIGHTS / WARRANTS   7,732 
       (Cost $0)     
266

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
               
SHORT-TERM INVESTMENTS - 5.7%      
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 5.7%      
 57,090,717  c  TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		  $57,090,717 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   57,090,717 
       TOTAL SHORT-TERM INVESTMENTS   57,090,717 
       (Cost $57,090,717)     
             
       TOTAL INVESTMENTS - 105.6%   1,061,002,421 
       (Cost $1,085,150,187)     
       OTHER ASSETS & LIABILITIES, NET - (5.6)%   (56,087,620)
       NET ASSETS - 100.0%  $1,004,914,801 
         
         
      Abbreviation(s):
      ADR     American Depositary Receipt
      ETF      Exchange Traded Fund
      GDR     Global Depositary Receipt
       
  *   Non-income producing.
  c   Investments made with cash collateral received from securities on loan.
  e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $53,525,834.
  g   Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 1/31/15, the aggregate value of these securities amounted to $1,075,084 or 0.1% of net assets.
  m   Indicates a security that has been deemed illiquid.
267

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY INDEX FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2015

 

       % OF 
SECTOR  VALUE   NET ASSETS 
FINANCIALS  $302,800,404    30.1%
INFORMATION TECHNOLOGY   177,534,767    17.6 
CONSUMER DISCRETIONARY   86,816,017    8.6 
CONSUMER STAPLES   79,923,429    8.0 
ENERGY   73,877,666    7.4 
TELECOMMUNICATION SERVICES   72,943,491    7.3 
MATERIALS   69,897,761    7.0 
INDUSTRIALS   65,111,564    6.5 
UTILITIES   52,458,390    5.2 
HEALTH CARE   22,548,215    2.2 
SHORT-TERM INVESTMENTS   57,090,717    5.7 
OTHER ASSETS & LIABILITIES, NET   (56,087,620)   (5.6)
           
NET ASSETS  $1,004,914,801    100.0%
268

TIAA-CREF FUNDS - International Equity Index Fund

 

TIAA-CREF FUNDS

INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

SHARES     COMPANY  VALUE 
           
COMMON STOCKS - 99.7%        
              
AUSTRALIA - 7.1%        
 326,455     AGL Energy Ltd  $3,608,861 
 186,040  e  ALS Ltd   702,471 
 1,268,409  *  Alumina Ltd   1,898,571 
 551,386     Amcor Ltd   5,449,471 
 1,358,456     AMP Ltd   6,058,190 
 518,583  e  APA Group   3,269,023 
 451,524     Asciano Group   2,102,179 
 773,933     AusNet Services   840,059 
 1,282,209     Australia & New Zealand Banking Group Ltd   32,731,537 
 95,411  e  Australian Stock Exchange Ltd   2,819,935 
 165,534     Bank of Queensland Ltd   1,603,500 
 223,472  *  Bendigo Bank Ltd   2,314,284 
 1,508,082  e  BHP Billiton Ltd   34,783,505 
 370,746     Boral Ltd   1,604,639 
 705,900     Brambles Ltd   5,783,144 
 59,906     Caltex Australia Ltd   1,550,382 
 280,442     Coca-Cola Amatil Ltd   2,104,958 
 27,289  e  Cochlear Ltd   1,753,957 
 760,070     Commonwealth Bank of Australia   52,555,066 
 209,752     Computershare Ltd   1,884,617 
 160,547  e  Crown Ltd   1,686,904 
 220,586     CSL Ltd   15,011,652 
 426,927     Dexus Property Group   2,549,638 
 675,705     Federation Centres   1,584,859 
 30,577  e  Flight Centre Ltd   892,580 
 755,585  e  Fortescue Metals Group Ltd   1,370,096 
 829,621     GPT Group (ASE)   2,908,817 
 248,939  e  Harvey Norman Holdings Ltd   760,329 
 597,247  *  Healthscope Ltd   1,249,236 
 206,428  e  Iluka Resources Ltd   1,121,038 
 763,376     Incitec Pivot Ltd   2,129,150 
 1,123,223     Insurance Australia Group Ltd   5,564,154 
 45,893     Leighton Holdings Ltd   730,317 
 250,249     Lend Lease Corp Ltd   3,225,618 
 771,439     Macquarie Goodman Group   3,657,114 
 132,270     Macquarie Group Ltd   6,339,914 
 1,281,567  *  Medibank Pvt Ltd   2,374,525 
 420,419  e  Metcash Ltd   474,604 
 1,770,140     Mirvac Group   2,647,644 
 1,099,387     National Australia Bank Ltd   30,319,359 
 355,251  *  Newcrest Mining Ltd   3,835,808 
 958,339     Novion Property Group   1,719,632 
 167,846     Orica Ltd   2,356,023 
 499,670     Origin Energy Ltd   4,123,186 
269

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
           
 259,599  *  Qantas Airways Ltd  $523,111 
 613,359     QBE Insurance Group Ltd   5,028,240 
 979,006     QR National Ltd   3,743,637 
 62,613     Ramsay Health Care Ltd   2,881,374 
 29,013     REA Group Ltd   1,109,805 
 442,556     Santos Ltd   2,694,291 
 2,521,506  *  Scentre Group   7,408,882 
 147,059     Seek Ltd   2,023,897 
 188,379     Sonic Healthcare Ltd   2,750,169 
 1,125,542     Stockland Trust Group   3,817,376 
 591,289     Suncorp-Metway Ltd   6,737,019 
 510,002     Sydney Airport   1,970,759 
 346,147  e  Tabcorp Holdings Ltd   1,223,472 
 671,348     Tattersall’s Ltd   2,009,149 
 2,038,118     Telstra Corp Ltd   10,280,236 
 301,254     Toll Holdings Ltd   1,440,601 
 128,079     TPG Telecom Ltd   662,433 
 857,401     Transurban Group   6,131,787 
 297,397     Treasury Wine Estates Ltd   1,130,652 
 528,267     Wesfarmers Ltd   17,843,725 
 885,191     Westfield Corp   6,752,380 
 1,459,041     Westpac Banking Corp   38,994,391 
 344,584     Woodside Petroleum Ltd   9,151,799 
 594,534     Woolworths Ltd   14,630,726 
 93,589     WorleyParsons Ltd   696,305 
       TOTAL AUSTRALIA   415,686,762 
              
AUSTRIA - 0.2%        
 33,784     Andritz AG.   1,828,775 
 137,799     Erste Bank der Oesterreichischen Sparkassen AG.   2,983,236 
 69,565  *,e,m  Immoeast AG.   0 
 500,160  *,e  Immofinanz Immobilien Anlagen AG.   1,142,917 
 72,682     OMV AG.   1,806,937 
 54,831  e  Raiffeisen International Bank Holding AG.   640,705 
 49,921     Voestalpine AG.   1,777,813 
 20,677     Wiener Staedtische Allgemeine Versicherung AG.   877,593 
       TOTAL AUSTRIA   11,057,976 
              
BELGIUM - 1.3%        
 107,049     Ageas   3,665,767 
 68,832  e  Belgacom S.A.   2,563,594 
 34,830     Colruyt S.A.   1,606,470 
 46,763     Delhaize Group   3,890,046 
 39,815     Groupe Bruxelles Lambert S.A.   3,300,781 
 373,028     InBev NV   45,496,760 
 118,606  *  KBC Groep NV   6,379,227 
 27,857     Solvay S.A.   3,808,512 
 24,836  *  Telenet Group Holding NV   1,381,193 
 58,060     UCB S.A.   4,513,511 
 51,968     Umicore   2,176,473 
       TOTAL BELGIUM   78,782,334 
270

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
CHINA - 0.0%        
 943,000  e  Yangzijiang Shipbuilding  $862,070 
       TOTAL CHINA   862,070 
              
DENMARK - 1.5%        
 1,888     AP Moller - Maersk AS (Class A)   3,694,603 
 3,299     AP Moller - Maersk AS (Class B)   6,666,451 
 49,107     Carlsberg AS (Class B)   3,605,953 
 50,712  e  Coloplast AS   3,997,402 
 298,113     Danske Bank AS   7,715,870 
 78,373     DSV AS   2,468,570 
 48,943  *  ISS A.S.   1,446,038 
 941,641     Novo Nordisk AS   41,969,573 
 109,375     Novozymes AS   4,987,987 
 56,356     Pandora AS   4,028,754 
 367,366     TDC AS   2,718,800 
 11,224     TrygVesta AS   1,314,263 
 105,195  *  Vestas Wind Systems AS   4,087,206 
 11,285  *  William Demant Holding   856,720 
       TOTAL DENMARK   89,558,190 
              
FINLAND - 0.9%        
 65,333     Elisa Oyj (Series A)   1,737,851 
 202,926     Fortum Oyj   4,328,563 
 148,590  e  Kone Oyj (Class B)   6,701,733 
 51,059     Metso Oyj   1,553,483 
 58,872  e  Neste Oil Oyj   1,637,137 
 1,757,754     Nokia Oyj   13,518,080 
 59,678  e  Nokian Renkaat Oyj   1,470,769 
 45,809     Orion Oyj (Class B)   1,510,307 
 212,502     Sampo Oyj (A Shares)   10,291,871 
 255,669     Stora Enso Oyj (R Shares)   2,480,609 
 245,573     UPM-Kymmene Oyj   4,316,529 
 66,932     Wartsila Oyj (B Shares)   3,102,803 
       TOTAL FINLAND   52,649,735 
              
FRANCE - 9.4%        
 78,181     Accor S.A.   3,886,924 
 14,119     Aeroports de Paris   1,694,068 
 161,296     Air Liquide   20,334,330 
 1,309,556  *,e  Alcatel S.A.   4,532,511 
 100,074  *  Alstom RGPT   3,260,775 
 35,331     Arkema   2,520,322 
 36,494     Atos Origin S.A.   2,683,394 
 847,662     AXA S.A.   19,828,460 
 491,588     BNP Paribas   25,811,002 
 259,200     Bollore   1,115,566 
 77,895     Bouygues S.A.   2,775,791 
 99,936     Bureau Veritas S.A.   2,116,226 
 65,311     Cap Gemini S.A.   4,740,277 
 289,665     Carrefour S.A.   9,076,895 
 25,185     Casino Guichard Perrachon S.A.   2,284,843 
271

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 26,501     Christian Dior S.A.  $4,557,883 
 88,467     CNP Assurances   1,553,080 
 211,691     Compagnie de Saint-Gobain   9,018,180 
 479,685     Credit Agricole S.A.   5,688,903 
 61,476     Dassault Systemes S.A.   3,798,930 
 93,346     Edenred   2,682,824 
 109,703     Electricite de France   2,973,934 
 94,642     Essilor International S.A.   10,540,413 
 17,921     Eurazeo   1,256,082 
 275,434     European Aeronautic Defence and Space Co   14,675,148 
 68,743     Eutelsat Communications   2,361,561 
 14,013     Fonciere Des Regions   1,435,437 
 860,629     France Telecom S.A.   15,141,107 
 673,682     Gaz de France   14,941,173 
 12,832     Gecina S.A.   1,681,414 
 268,848     Groupe Danone   18,042,602 
 230,061     Groupe Eurotunnel S.A.   3,088,959 
 12,865     Hermes International   4,365,989 
 18,625     Icade   1,625,659 
 11,852     Iliad S.A.   2,756,899 
 16,084     Imerys S.A.   1,161,348 
 36,206     JC Decaux S.A.   1,302,715 
 78,403     Klepierre   3,689,478 
 88,375     Lafarge S.A.   6,055,072 
 51,925     Lagardere S.C.A.   1,420,201 
 122,664     Legrand S.A.   6,575,425 
 118,447     L’Oreal S.A.   21,178,830 
 131,577     LVMH Moet Hennessy Louis Vuitton S.A.   21,160,780 
 85,268     Michelin (C.G.D.E.) (Class B)   8,303,564 
 458,077     Natixis   2,913,360 
 48,999  *  Numericable SAS   2,558,041 
 98,141     Pernod-Ricard S.A.   11,767,875 
 195,384  *  Peugeot S.A.   2,816,345 
 34,405     PPR   6,941,665 
 86,772     Publicis Groupe S.A.   6,483,374 
 13,584  e  Remy Cointreau S.A.   1,005,395 
 91,240     Renault S.A.   6,973,141 
 125,800     Rexel S.A.   2,350,411 
 124,452     Safran S.A.   8,288,481 
 557,510     Sanofi-Aventis   51,368,901 
 247,004     Schneider Electric S.A.   18,567,725 
 77,281     SCOR   2,405,752 
 13,668     Societe BIC S.A.   1,943,381 
 336,580     Societe Generale   13,515,810 
 42,685  e  Sodexho Alliance S.A.   4,234,967 
 132,971     Suez Environnement S.A.   2,444,318 
 46,762     Technip S.A.   2,730,747 
 42,748     Thales S.A.   2,251,201 
 999,910     Total S.A.   51,325,942 
 45,447     Unibail-Rodamco   12,800,548 
 35,296     Valeo S.A.   4,976,794 
 49,798     Vallourec   1,080,467 
272

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 193,608     Veolia Environnement  $3,546,728 
 227,773     Vinci S.A.   11,965,867 
 559,556     Vivendi Universal S.A.   13,232,040 
 14,463     Wendel   1,620,855 
 87,070     Zodiac S.A.   2,887,702 
       TOTAL FRANCE   554,692,807 
              
GERMANY - 9.2%        
 99,983     Adidas-Salomon AG.   6,879,556 
 212,955     Allianz AG.   35,114,431 
 17,508  e  Axel Springer AG.   1,076,576 
 427,248     BASF AG.   38,212,050 
 386,266     Bayer AG.   55,634,390 
 153,158     Bayerische Motoren Werke AG.   17,810,834 
 27,233     Bayerische Motoren Werke AG. (Preference)   2,305,515 
 49,052     Beiersdorf AG.   4,305,349 
 70,952     Brenntag AG.   3,862,283 
 28,882     Celesio AG.   855,579 
 453,796  *  Commerzbank AG.   5,440,696 
 51,178     Continental AG.   11,548,151 
 449,424     Daimler AG. (Registered)   40,701,987 
 118,645     Deutsche Annington Immobilien SE   4,120,734 
 643,668     Deutsche Bank AG.   18,684,161 
 90,459     Deutsche Boerse AG.   6,936,473 
 115,885     Deutsche Lufthansa AG.   1,960,073 
 451,548     Deutsche Post AG.   14,613,484 
 1,478,234     Deutsche Telekom AG.   25,481,927 
 131,444     Deutsche Wohnen AG.   3,414,439 
 931,662     E.ON AG.   14,422,065 
 16,303  e  Fraport AG. Frankfurt Airport Services Worldwide   996,156 
 99,783     Fresenius Medical Care AG.   7,395,242 
 173,127     Fresenius SE   9,909,222 
 36,436  e  Fuchs Petrolub AG. (Preference)   1,498,405 
 84,525  e  GEA Group AG.   3,820,559 
 25,953     Hannover Rueckversicherung AG.   2,326,098 
 64,264     HeidelbergCement AG.   4,725,919 
 56,368     Henkel KGaA   5,767,696 
 81,522     Henkel KGaA (Preference)   9,333,627 
 18,880  e  Hugo Boss AG.   2,437,594 
 516,170     Infineon Technologies AG.   5,784,633 
 86,253  e  K&S AG.   2,723,283 
 11,450  *  Kabel Deutschland Holding AG.   1,555,395 
 42,489     Lanxess AG.   2,036,628 
 85,372     Linde AG.   16,354,743 
 17,754     MAN AG.   1,892,823 
 58,719     Merck KGaA   5,866,996 
 81,322  *,e  Metro AG.   2,502,398 
 80,310     Muenchener Rueckver AG.   16,100,678 
 45,166  *  Osram Licht AG.   2,076,201 
 73,620     Porsche AG.   6,169,556 
 100,368     ProSiebenSat. Media AG.   4,443,061 
 19,626     RTL Group   1,857,710 
273

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 233,637     RWE AG.  $6,480,952 
 433,201     SAP AG.   28,274,057 
 370,817  e  Siemens AG.   39,171,943 
 60,223     Symrise AG.   3,941,768 
 309,984     Telefonica Deutschland Holding AG.   1,719,723 
 213,350  *,e  ThyssenKrupp AG.   5,542,548 
 128,100  e  TUI AG.   2,252,639 
 92,191  *  TUI AG. (New)   1,594,092 
 57,251     United Internet AG.   2,480,125 
 14,346     Volkswagen AG.   3,185,185 
 75,462     Volkswagen AG. (Preference)   16,834,654 
       TOTAL GERMANY   542,433,062 
              
HONG KONG - 3.2%        
 5,658,000     AIA Group Ltd   32,844,340 
 110,200  e  ASM Pacific Technology   996,213 
 561,431     Bank of East Asia Ltd   2,332,810 
 1,700,000     BOC Hong Kong Holdings Ltd   5,958,819 
 549,000     Cathay Pacific Airways Ltd   1,280,882 
 640,000     Cheung Kong Holdings Ltd   12,212,977 
 305,000     Cheung Kong Infrastructure Holdings Ltd   2,503,216 
 878,000     CLP Holdings Ltd   7,838,407 
 1,017,750     First Pacific Co   1,037,141 
 1,089,000     Galaxy Entertainment Group Ltd   5,688,042 
 1,088,000     Hang Lung Properties Ltd   3,199,065 
 366,300     Hang Seng Bank Ltd   6,410,861 
 490,283     Henderson Land Development Co Ltd   3,495,137 
 1,237,640     HKT Trust and HKT Ltd   1,622,025 
 2,904,292     Hong Kong & China Gas Ltd   6,650,719 
 641,000     Hong Kong Electric Holdings Ltd   6,704,346 
 519,702     Hong Kong Exchanges and Clearing Ltd   11,961,018 
 979,000     Hutchison Whampoa Ltd   12,994,737 
 304,792     Hysan Development Co Ltd   1,473,114 
 338,123     Kerry Properties Ltd   1,194,782 
 2,648,600  e  Li & Fung Ltd   2,627,315 
 1,072,991     Link REIT   7,258,455 
 720,178     MTR Corp   3,190,411 
 2,432,770     New World Development Co Ltd   2,900,465 
 1,935,999     Noble Group Ltd   1,514,426 
 794,840     NWS Holdings Ltd   1,475,170 
 2,153,937  e  PCCW Ltd   1,428,847 
 1,166,400     Sands China Ltd   5,678,439 
 530,192     Shangri-La Asia Ltd   688,253 
 1,399,546     Sino Land Co   2,340,461 
 893,000     SJM Holdings Ltd   1,311,052 
 757,186     Sun Hung Kai Properties Ltd   12,321,161 
 284,000     Swire Pacific Ltd (Class A)   3,803,207 
 590,600     Swire Properties Ltd   1,896,082 
 618,500     Techtronic Industries Co   2,019,876 
 1,969,000  *,g  WH Group Ltd   1,117,552 
 685,762     Wharf Holdings Ltd   5,555,512 
 416,000     Wheelock & Co Ltd   2,353,642 
274

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 330,500     Yue Yuen Industrial Holdings  $1,229,948 
       TOTAL HONG KONG   189,108,925 
              
IRELAND - 0.7%        
 12,684,454  *  Bank of Ireland   3,817,623 
 352,426     CRH plc   8,502,510 
 67,097  *,m  Irish Bank Resolution Corp Ltd   0 
 221,670     James Hardie Industries NV   2,222,641 
 72,172     Kerry Group plc (Class A)   5,230,611 
 41,178  *  Ryanair Holdings plc   478,456 
 6,628  *  Ryanair Holdings plc (ADR)   437,315 
 275,303     Shire Ltd   20,093,782 
       TOTAL IRELAND   40,782,938 
              
ISRAEL - 0.6%        
 486,386     Bank Hapoalim Ltd   2,160,552 
 578,224  *  Bank Leumi Le-Israel   1,927,741 
 852,281     Bezeq Israeli Telecommunication Corp Ltd   1,359,212 
 2,524     Delek Group Ltd   617,379 
 231,931     Israel Chemicals Ltd   1,666,622 
 1,371     Israel Corp Ltd   444,890 
 67,023  *  Mizrahi Tefahot Bank Ltd   731,400 
 25,688     Nice Systems Ltd   1,254,863 
 398,816     Teva Pharmaceutical Industries Ltd   22,650,145 
       TOTAL ISRAEL   32,812,804 
              
ITALY - 2.0%        
 537,138     Assicurazioni Generali S.p.A.   11,336,605 
 190,161     Autostrade S.p.A.   4,894,479 
 5,474,850     Banca Intesa S.p.A.   16,009,882 
 483,085     Banca Intesa S.p.A. RSP   1,232,287 
 2,095,655  *  Banca Monte dei Paschi di Siena S.p.A   947,444 
 393,487     Banche Popolari Unite Scpa   2,706,523 
 180,269  *  Banco Popolare SC   2,274,960 
 877,959     Enel Green Power S.p.A   1,735,545 
 3,114,681     Enel S.p.A.   14,073,244 
 1,198,951     ENI S.p.A.   20,176,639 
 49,249     Exor S.p.A.   2,010,471 
 188,406  *  Finmeccanica S.p.A.   2,057,689 
 480,337     Fondiaria-Sai S.p.A   1,331,490 
 81,194     Luxottica Group S.p.A.   4,827,961 
 277,039     Mediobanca S.p.A.   2,399,770 
 112,263     Pirelli & C S.p.A.   1,591,762 
 89,843     Prysmian S.p.A.   1,661,965 
 121,578  *,e  Saipem S.p.A.   1,093,795 
 913,995     Snam Rete Gas S.p.A.   4,472,038 
 2,750,772     Telecom Italia RSP   2,597,738 
 4,701,723  *,e  Telecom Italia S.p.A.   5,463,243 
 666,330     Terna Rete Elettrica Nazionale S.p.A.   2,921,410 
 2,082,378     UniCredit S.p.A   12,276,153 
       TOTAL ITALY   120,093,093 
275

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
JAPAN - 21.3%        
 11,500  e  ABC-Mart, Inc  $573,655 
 190,400  *,e  Acom Co Ltd   517,970 
 87,600  e  Advantest Corp   1,111,380 
 304,400  e  Aeon Co Ltd   3,215,113 
 50,600  e  AEON Financial Service Co Ltd   909,295 
 53,500     Aeon Mall Co Ltd   886,900 
 65,000     Air Water, Inc   1,118,407 
 88,000     Aisin Seiki Co Ltd   3,074,334 
 260,000     Ajinomoto Co, Inc   5,357,949 
 77,600     Alfresa Holdings Corp   920,012 
 533,000     All Nippon Airways Co Ltd   1,471,987 
 164,500  e  Amada Co Ltd   1,499,258 
 533,000     Aozora Bank Ltd   1,939,682 
 178,700     Asahi Breweries Ltd   5,862,574 
 446,000     Asahi Glass Co Ltd   2,372,713 
 575,000     Asahi Kasei Corp   5,678,734 
 71,800     Asics Corp   1,761,926 
 1,005,100     Astellas Pharma, Inc   15,524,126 
 150,000     Bank of Kyoto Ltd   1,257,553 
 521,000     Bank of Yokohama Ltd   2,811,245 
 29,400     Benesse Corp   879,167 
 302,800     Bridgestone Corp   12,102,107 
 109,900     Brother Industries Ltd   1,882,126 
 34,300     Calbee, Inc   1,339,412 
 535,000     Canon, Inc   16,924,955 
 100,400  e  Casio Computer Co Ltd   1,571,743 
 68,300     Central Japan Railway Co   11,712,332 
 343,000     Chiba Bank Ltd   2,311,535 
 79,000     Chiyoda Corp   608,450 
 291,100  *  Chubu Electric Power Co, Inc   3,843,681 
 109,458     Chugai Pharmaceutical Co Ltd   3,272,344 
 74,900     Chugoku Bank Ltd   1,065,436 
 137,800  e  Chugoku Electric Power Co, Inc   1,905,148 
 118,000     Citizen Watch Co Ltd   941,890 
 25,400  e  COLOPL, Inc   580,487 
 68,100     Credit Saison Co Ltd   1,147,240 
 252,000     Dai Nippon Printing Co Ltd   2,266,337 
 124,000     Daicel Chemical Industries Ltd   1,541,709 
 85,000  e  Daihatsu Motor Co Ltd   1,185,280 
 498,000     Dai-ichi Mutual Life Insurance Co   6,672,009 
 293,200     Daiichi Sankyo Co Ltd   4,253,557 
 108,700     Daikin Industries Ltd   7,563,994 
 70,500  e  Dainippon Sumitomo Pharma Co Ltd   741,106 
 33,300     Daito Trust Construction Co Ltd   3,706,782 
 276,800     Daiwa House Industry Co Ltd   5,097,430 
 768,000     Daiwa Securities Group, Inc   5,580,107 
 230,100     Denso Corp   10,179,233 
 99,300     Dentsu, Inc   4,078,299 
 26,600     Don Quijote Co Ltd   1,936,681 
 153,200     East Japan Railway Co   11,832,878 
 121,800     Eisai Co Ltd   6,072,743 
276

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 55,000     Electric Power Development Co  $2,003,602 
 26,100  e  FamilyMart Co Ltd   1,130,489 
 90,300     Fanuc Ltd   15,164,920 
 25,300     Fast Retailing Co Ltd   9,385,688 
 257,000     Fuji Electric Holdings Co Ltd   1,098,984 
 278,200     Fuji Heavy Industries Ltd   10,033,921 
 214,800     Fujifilm Holdings Corp   7,259,744 
 867,000     Fujitsu Ltd   4,581,644 
 342,000     Fukuoka Financial Group, Inc   1,706,842 
 197,000  e  GungHo Online Entertainment Inc   676,203 
 170,000     Gunma Bank Ltd   1,117,754 
 185,000     Hachijuni Bank Ltd   1,219,146 
 110,200  e  Hakuhodo DY Holdings, Inc   1,095,334 
 32,700     Hamamatsu Photonics KK   1,540,705 
 514,000     Hankyu Hanshin Holdings, Inc   2,857,035 
 7,300     Hikari Tsushin, Inc   419,470 
 117,400     Hino Motors Ltd   1,662,202 
 13,300     Hirose Electric Co Ltd   1,593,588 
 242,000     Hiroshima Bank Ltd   1,203,752 
 27,300     Hisamitsu Pharmaceutical Co, Inc   928,872 
 46,700     Hitachi Chemical Co Ltd   939,518 
 48,200     Hitachi Construction Machinery Co Ltd   891,101 
 27,500     Hitachi High-Technologies Corp   854,285 
 2,236,000     Hitachi Ltd   16,886,474 
 98,000     Hitachi Metals Ltd   1,596,937 
 541,000     Hokuhoku Financial Group, Inc   1,114,816 
 92,200     Hokuriku Electric Power Co   1,302,983 
 764,800     Honda Motor Co Ltd   23,077,649 
 198,300     Hoya Corp   7,684,636 
 56,100     Ibiden Co Ltd   843,371 
 37,600     Idemitsu Kosan Co Ltd   627,615 
 74,400     Iida Group Holdings Co Ltd   925,359 
 409,100     Inpex Holdings, Inc   4,527,246 
 153,380  e  Isetan Mitsukoshi Holdings Ltd   2,174,818 
 644,000     Ishikawajima-Harima Heavy Industries Co Ltd   3,355,285 
 276,400     Isuzu Motors Ltd   3,679,576 
 720,600     Itochu Corp   7,296,402 
 10,500     Itochu Techno-Science Corp   374,716 
 128,800     Iyo Bank Ltd   1,486,241 
 108,200     J Front Retailing Co Ltd   1,378,817 
 61,500     Japan Airlines Co Ltd   2,082,119 
 166,000  *,e  Japan Display, Inc   581,731 
 370     Japan Prime Realty Investment Corp   1,292,419 
 567     Japan Real Estate Investment Corp   2,754,709 
 1,115     Japan Retail Fund Investment Corp   2,415,198 
 518,500     Japan Tobacco, Inc   14,122,205 
 228,700     JFE Holdings, Inc   5,037,656 
 94,000     JGC Corp   1,911,760 
 298,000  e  Joyo Bank Ltd   1,497,809 
 79,100     JSR Corp   1,394,200 
 97,900     JTEKT Corp   1,614,581 
 1,080,000     JX Holdings, Inc   3,985,450 
277

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 383,000  e  Kajima Corp  $1,515,348 
 71,000  e  Kakaku.com, Inc   1,004,381 
 103,000     Kamigumi Co Ltd   1,029,283 
 130,000     Kaneka Corp   793,467 
 334,000  *  Kansai Electric Power Co, Inc   3,229,408 
 106,000     Kansai Paint Co Ltd   1,852,699 
 240,200     Kao Corp   10,532,298 
 657,000     Kawasaki Heavy Industries Ltd   3,147,767 
 273,400     KDDI Corp   19,299,007 
 225,000     Keihan Electric Railway Co Ltd   1,366,006 
 242,000     Keihin Electric Express Railway Co Ltd   1,887,477 
 254,000     Keio Corp   2,068,313 
 122,000     Keisei Electric Railway Co Ltd   1,571,607 
 21,400     Keyence Corp   10,003,146 
 67,000     Kikkoman Corp   1,976,171 
 891,000     Kintetsu Corp   3,141,129 
 396,900     Kirin Brewery Co Ltd   5,343,946 
 1,423,000     Kobe Steel Ltd   2,495,670 
 50,800     Koito Manufacturing Co Ltd   1,651,781 
 432,600     Komatsu Ltd   8,483,041 
 46,000     Konami Corp   858,292 
 211,400     Konica Minolta Holdings, Inc   2,326,332 
 518,000     Kubota Corp   7,689,911 
 156,100     Kuraray Co Ltd   1,960,129 
 45,300     Kurita Water Industries Ltd   965,047 
 151,200     Kyocera Corp   6,655,016 
 122,000     Kyowa Hakko Kogyo Co Ltd   1,389,276 
 196,900  *  Kyushu Electric Power Co, Inc   1,900,116 
 29,500     Lawson, Inc   1,928,750 
 120,400     LIXIL Group Corp   2,345,880 
 25,400     Mabuchi Motor Co Ltd   1,044,314 
 53,800     Makita Corp   2,386,382 
 800,800     Marubeni Corp   4,420,204 
 109,700     Marui Co Ltd   1,140,287 
 19,900  e  Maruichi Steel Tube Ltd   470,570 
 1,024,800     Matsushita Electric Industrial Co Ltd   11,641,599 
 249,000     Mazda Motor Corp   5,114,572 
 38,300  e  McDonald’s Holdings Co Japan Ltd   840,077 
 71,100     Mediceo Paltac Holdings Co Ltd   829,544 
 27,700     MEIJI Holdings Co Ltd   3,043,582 
 158,000     Minebea Co Ltd   2,437,649 
 24,100     Miraca Holdings, Inc   1,079,361 
 613,700     Mitsubishi Chemical Holdings Corp   3,180,703 
 647,600     Mitsubishi Corp   11,297,511 
 905,000     Mitsubishi Electric Corp   10,466,985 
 593,000     Mitsubishi Estate Co Ltd   11,931,608 
 172,000     Mitsubishi Gas Chemical Co, Inc   777,672 
 1,406,000     Mitsubishi Heavy Industries Ltd   7,760,547 
 55,000     Mitsubishi Logistics Corp   817,967 
 520,000     Mitsubishi Materials Corp   1,639,748 
 293,599     Mitsubishi Motors Corp   2,482,146 
 5,968,780     Mitsubishi UFJ Financial Group, Inc   31,719,680 
278

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 217,000     Mitsubishi UFJ Lease & Finance Co Ltd  $938,792 
 807,000     Mitsui & Co Ltd   10,268,873 
 378,000     Mitsui Chemicals, Inc   1,106,017 
 447,000     Mitsui Fudosan Co Ltd   11,300,873 
 545,000     Mitsui OSK Lines Ltd   1,839,897 
 240,500     Mitsui Sumitomo Insurance Group Holdings, Inc   5,847,564 
 1,524,000     Mitsui Trust Holdings, Inc   5,359,185 
 18,800  e  Mixi Inc   663,272 
 10,845,307     Mizuho Financial Group, Inc   17,733,355 
 96,300     Murata Manufacturing Co Ltd   10,395,996 
 53,000     Nabtesco Corp   1,368,274 
 428,000     Nagoya Railroad Co Ltd   1,681,403 
 80,300     Namco Bandai Holdings, Inc   1,625,849 
 1,190,000     NEC Corp   3,361,338 
 57,700     Nexon Co Ltd   567,967 
 121,000     NGK Insulators Ltd   2,438,300 
 81,988     NGK Spark Plug Co Ltd   2,430,525 
 77,800     NHK Spring Co Ltd   701,742 
 100,800     Nidec Corp   6,859,233 
 155,900  e  Nikon Corp   1,978,106 
 51,400     Nintendo Co Ltd   4,958,021 
 694     Nippon Building Fund, Inc   3,414,825 
 203,000     Nippon Electric Glass Co Ltd   1,047,689 
 372,000     Nippon Express Co Ltd   2,170,175 
 82,000     Nippon Meat Packers, Inc   2,027,213 
 86,000  e  Nippon Paint Co Ltd   2,693,970 
 686     Nippon ProLogis REIT, Inc   1,615,153 
 3,518,000     Nippon Steel Corp   8,222,597 
 175,300     Nippon Telegraph & Telephone Corp   10,375,435 
 748,000     Nippon Yusen Kabushiki Kaisha   2,223,886 
 1,164,300     Nissan Motor Co Ltd   9,928,239 
 95,900     Nisshin Seifun Group, Inc   1,179,449 
 27,800     Nissin Food Products Co Ltd   1,500,358 
 32,300     Nitori Co Ltd   1,826,226 
 71,900     Nitto Denko Corp   4,292,318 
 150,000     NKSJ Holdings, Inc   4,162,051 
 43,100     NOK Corp   1,239,787 
 1,689,900     Nomura Holdings, Inc   8,984,604 
 55,000     Nomura Real Estate Holdings, Inc   925,473 
 49,300     Nomura Research Institute Ltd   1,673,925 
 215,000     NSK Ltd   2,519,496 
 58,000     NTT Data Corp   2,206,195 
 724,300     NTT DoCoMo, Inc   12,227,129 
 54,600     NTT Urban Development Corp   523,843 
 298,000     Obayashi Corp   1,886,408 
 288,000  e  Odakyu Electric Railway Co Ltd   2,801,731 
 371,000     OJI Paper Co Ltd   1,398,471 
 110,100  *  Olympus Corp   3,807,702 
 95,100     Omron Corp   3,801,969 
 37,700     Ono Pharmaceutical Co Ltd   3,967,702 
 22,000     Oracle Corp Japan   914,650 
 23,900     Oriental Land Co Ltd   5,790,750 
279

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 611,600     ORIX Corp  $7,027,779 
 850,000     Osaka Gas Co Ltd   3,350,390 
 121,600     Osaka Securities Exchange Co Ltd   2,829,687 
 21,300     Otsuka Corp   735,443 
 185,100     Otsuka Holdings KK   5,726,820 
 42,900     Park24 Co Ltd   734,043 
 367,400     Rakuten, Inc   5,086,385 
 67,400  *,e  Recruit Holdings Co Ltd   1,962,797 
 1,053,200     Resona Holdings, Inc   5,225,146 
 325,100     Ricoh Co Ltd   3,171,472 
 16,100     Rinnai Corp   1,077,677 
 44,700     Rohm Co Ltd   2,873,846 
 28,000     Sankyo Co Ltd   1,006,322 
 22,100  e  Sanrio Co Ltd   547,603 
 34,000     Santen Pharmaceutical Co Ltd   2,121,755 
 92,240     SBI Holdings, Inc   985,638 
 96,300     Secom Co Ltd   5,589,840 
 89,100  e  Sega Sammy Holdings, Inc   1,160,278 
 63,300  e  Seibu Holdings, Inc   1,501,378 
 61,700     Seiko Epson Corp   2,505,817 
 196,000     Sekisui Chemical Co Ltd   2,143,603 
 252,500  e  Sekisui House Ltd   3,265,209 
 350,100     Seven & I Holdings Co Ltd   12,811,590 
 263,300     Seven Bank Ltd   1,178,468 
 778,000  *,e  Sharp Corp   1,522,946 
 82,500  *  Shikoku Electric Power Co, Inc   1,037,439 
 107,000     Shimadzu Corp   1,111,713 
 9,800     Shimamura Co Ltd   871,720 
 38,200     Shimano, Inc   5,049,790 
 297,000     Shimizu Corp   2,049,194 
 193,700     Shin-Etsu Chemical Co Ltd   12,825,687 
 747,000     Shinsei Bank Ltd   1,353,955 
 139,000     Shionogi & Co Ltd   4,171,008 
 163,000     Shiseido Co Ltd   2,614,312 
 236,000     Shizuoka Bank Ltd   2,156,501 
 119,400     Shoei Co Ltd   1,084,571 
 83,300     Showa Shell Sekiyu KK   812,970 
 26,300     SMC Corp   7,052,790 
 448,600     Softbank Corp   26,400,859 
 99,500     So-net M3, Inc   2,001,514 
 495,900     Sony Corp   11,664,102 
 75,400     Sony Financial Holdings, Inc   1,047,910 
 63,100     Stanley Electric Co Ltd   1,404,419 
 694,009     Sumitomo Chemical Co Ltd   2,730,440 
 535,700     Sumitomo Corp   5,286,476 
 341,200     Sumitomo Electric Industries Ltd   4,396,594 
 256,000     Sumitomo Heavy Industries Ltd   1,385,320 
 240,000     Sumitomo Metal Mining Co Ltd   3,430,098 
 597,300     Sumitomo Mitsui Financial Group, Inc   20,043,496 
 172,000     Sumitomo Realty & Development Co Ltd   5,486,303 
 76,800     Sumitomo Rubber Industries, Inc   1,194,277 
 63,900     Suntory Beverage & Food Ltd   2,240,878 
280

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 82,600     Suruga Bank Ltd  $1,550,880 
 31,100     Suzuken Co Ltd   876,163 
 173,700     Suzuki Motor Corp   5,492,422 
 65,900     Sysmex Corp   2,944,885 
 267,500     T&D Holdings, Inc   3,012,475 
 548,000     Taiheiyo Cement Corp   1,608,027 
 476,000  e  Taisei Corp   2,761,042 
 16,900     Taisho Pharmaceutical Holdings Co Ltd   1,072,292 
 72,800  e  Taiyo Nippon Sanso Corp   872,207 
 119,000     Takashimaya Co Ltd   1,043,759 
 372,700     Takeda Pharmaceutical Co Ltd   18,619,848 
 114,900     Tanabe Seiyaku Co Ltd   1,816,459 
 60,400     TDK Corp   3,764,226 
 421,000     Teijin Ltd   1,254,094 
 137,500     Terumo Corp   3,409,855 
 52,200     THK Co Ltd   1,267,703 
 482,000     Tobu Railway Co Ltd   2,317,971 
 50,100     Toho Co Ltd   1,133,616 
 180,000  e  Toho Gas Co Ltd   978,081 
 208,300     Tohoku Electric Power Co, Inc   2,623,878 
 320,000     Tokio Marine Holdings, Inc   11,171,901 
 666,600  *  Tokyo Electric Power Co, Inc   2,828,798 
 81,100     Tokyo Electron Ltd   5,676,450 
 1,071,000     Tokyo Gas Co Ltd   6,388,640 
 210,000     Tokyo Tatemono Co Ltd   1,417,747 
 514,000     Tokyu Corp   3,401,806 
 218,700     Tokyu Fudosan Holdings Corp   1,355,519 
 125,000     TonenGeneral Sekiyu KK   1,105,089 
 245,000     Toppan Printing Co Ltd   1,636,615 
 667,000     Toray Industries, Inc   5,681,560 
 1,859,000     Toshiba Corp   7,433,365 
 144,000     Toto Ltd   1,589,662 
 81,800     Toyo Seikan Kaisha Ltd   1,049,504 
 45,400     Toyo Suisan Kaisha Ltd   1,597,217 
 27,400     Toyoda Gosei Co Ltd   603,608 
 74,700     Toyota Industries Corp   4,020,658 
 1,277,100     Toyota Motor Corp   82,335,817 
 96,200     Toyota Tsusho Corp   2,278,260 
 46,300     Trend Micro, Inc   1,307,563 
 171,000     Uni-Charm Corp   4,711,681 
 1,183     United Urban Investment Corp   1,893,705 
 97,000     USS Co Ltd   1,521,789 
 75,100     West Japan Railway Co   3,862,668 
 694,600  e  Yahoo! Japan Corp   2,336,020 
 43,800  e  Yakult Honsha Co Ltd   2,652,785 
 399,400  e  Yamada Denki Co Ltd   1,483,824 
 94,000     Yamaguchi Financial Group, Inc   977,973 
 73,700     Yamaha Corp   1,073,284 
 126,800     Yamaha Motor Co Ltd   2,781,030 
 24,000     Yamato Kogyo Co Ltd   617,661 
 167,100     Yamato Transport Co Ltd   3,779,206 
 57,000     Yamazaki Baking Co Ltd   839,212 
281

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 103,900     Yaskawa Electric Corp  $1,328,257 
 99,900     Yokogawa Electric Corp   1,045,918 
 99,000     Yokohama Rubber Co Ltd   931,389 
       TOTAL JAPAN   1,250,938,323 
              
JERSEY, C.I. - 0.1%        
 40,974     Randgold Resources Ltd   3,516,786 
       TOTAL JERSEY, C.I.   3,516,786 
              
LUXEMBOURG - 0.3%        
 42,483  *  Altice S.A.   3,557,228 
 469,767  e  ArcelorMittal   4,488,009 
 30,222  e  Millicom International Cellular S.A.   1,927,272 
 139,595     SES Global S.A.   5,085,205 
 225,443  e  Tenaris S.A.   3,181,308 
       TOTAL LUXEMBOURG   18,239,022 
              
MACAU - 0.1%        
 434,000     MGM China Holdings Ltd   1,051,254 
 704,400  e  Wynn Macau Ltd   1,950,587 
       TOTAL MACAU   3,001,841 
              
MEXICO - 0.0%        
 101,305  e  Fresnillo plc   1,368,376 
       TOTAL MEXICO   1,368,376 
              
NETHERLANDS - 3.5%        
 834,174     Aegon NV   5,945,045 
 111,001     Akzo Nobel NV   7,996,646 
 166,439     ASML Holding NV   17,360,960 
 39,861     Boskalis Westminster   1,762,196 
 99,986     Delta Lloyd NV   1,889,104 
 78,985     DSM NV   4,189,426 
 38,596  e  Gemalto NV   2,794,633 
 49,802     Heineken Holding NV   3,259,161 
 105,300     Heineken NV   7,858,355 
 1,790,008  *  ING Groep NV   22,254,097 
 410,086     Koninklijke Ahold NV   7,401,429 
 446,847     Koninklijke Philips Electronics NV   12,321,744 
 32,850  e  Koninklijke Vopak NV   1,831,961 
 62,141  *  NN Group NV   1,686,627 
 38,808  *,e  OCI NV   1,366,383 
 58,859     Randstad Holdings NV   3,093,863 
 1,847,462     Royal Dutch Shell plc (A Shares)   56,302,442 
 1,141,495     Royal Dutch Shell plc (B Shares)   36,139,690 
 1,536,093     Royal KPN NV   4,740,967 
 228,938     TNT Express NV   1,497,329 
 138,652     Wolters Kluwer NV   4,141,927 
       TOTAL NETHERLANDS   205,833,985 
282

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
NEW ZEALAND - 0.2%        
 471,268     Auckland International Airport Ltd  $1,524,206 
 190,812     Contact Energy Ltd   979,282 
 318,432     Fletcher Building Ltd   1,934,400 
 553,951     Meridian Energy Ltd   771,797 
 310,109     Mighty River Power Ltd   757,073 
 165,795     Ryman Healthcare Ltd   992,479 
 906,150     Telecom Corp of New Zealand Ltd   2,171,316 
       TOTAL NEW ZEALAND   9,130,553 
              
NORWAY - 0.6%        
 447,399     DNB NOR Holding ASA   6,482,186 
 88,713     Gjensidige Forsikring BA   1,495,564 
 638,173     Norsk Hydro ASA   3,750,376 
 374,478     Orkla ASA   2,759,843 
 183,595     Seadrill Ltd (Oslo Exchange)   1,962,077 
 531,368     Statoil ASA   8,898,437 
 357,951     Telenor ASA   7,689,778 
 83,360     Yara International ASA   4,339,917 
       TOTAL NORWAY   37,378,178 
              
PORTUGAL - 0.1%        
 17,194,289  *  Banco Comercial Portugues S.A.   1,210,927 
 1,071,357     Energias de Portugal S.A.   4,075,367 
 185,035     Galp Energia SGPS S.A.   1,954,781 
 116,481  e  Jeronimo Martins SGPS S.A.   1,252,912 
       TOTAL PORTUGAL   8,493,987 
              
SINGAPORE - 1.5%        
 1,035,960     Ascendas REIT   1,883,842 
 1,058,000     CapitaCommercial Trust   1,384,284 
 1,154,000     CapitaLand Ltd   2,961,824 
 1,170,330     CapitaMall Trust   1,808,094 
 199,400  e  City Developments Ltd   1,477,947 
 930,000     ComfortDelgro Corp Ltd   1,972,070 
 815,250     DBS Group Holdings Ltd   11,886,033 
 2,979,100  e  Genting International plc   2,375,279 
 1,534,000     Global Logistic Properties   2,862,120 
 3,118,647  e  Golden Agri-Resources Ltd   967,415 
 2,474,300     Hutchison Port Holdings Trust   1,764,319 
 48,009     Jardine Cycle & Carriage Ltd   1,498,463 
 636,400  e  Keppel Corp Ltd   4,087,316 
 300,000     Keppel Land Ltd   1,006,039 
 1,333,544     Oversea-Chinese Banking Corp   10,228,497 
 429,460     SembCorp Industries Ltd   1,365,657 
 437,600  e  SembCorp Marine Ltd   968,365 
 238,933     Singapore Airlines Ltd   2,231,759 
 401,000     Singapore Exchange Ltd   2,300,504 
 773,000  e  Singapore Press Holdings Ltd   2,357,347 
 798,500     Singapore Technologies Engineering Ltd   1,980,688 
 3,783,803     Singapore Telecommunications Ltd   11,394,819 
 305,000     StarHub Ltd   941,368 
 1,181,000     Suntec REIT   1,638,436 
283

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 595,158     United Overseas Bank Ltd  $10,177,658 
 202,302     United Overseas Land Ltd   1,076,623 
 902,000  e  Wilmar International Ltd   2,140,618 
       TOTAL SINGAPORE   86,737,384 
              
SOUTH AFRICA - 0.0%        
 247,382     Investec plc   2,078,561 
       TOTAL SOUTH AFRICA   2,078,561 
              
SPAIN - 3.2%        
 191,952     Abertis Infraestructuras S.A. (Continuous)   3,758,900 
 82,579     ACS Actividades Construccion y Servicios S.A.   2,872,075 
 195,731  e  Amadeus IT Holding S.A.   7,849,643 
 2,804,984     Banco Bilbao Vizcaya Argentaria S.A.   23,961,162 
 1,567,621  e  Banco de Sabadell S.A.   3,961,511 
 822,989  e  Banco Popular Espanol S.A.   3,478,737 
 3,487  *,e,m  Banco Popular Espanol S.A. (Temporary)   14,740 
 6,409,061     Banco Santander Central Hispano S.A.   43,107,786 
 2,133,330  *  Bankia S.A.   2,790,137 
 310,295     Bankinter S.A.   2,155,797 
 472,911     Corp Mapfre S.A.   1,591,987 
 1,040,228     Criteria CaixaBank S.A.   4,530,966 
 279,803     Distribuidora Internacional de Alimentacion S.A.   1,811,481 
 94,157     Enagas   2,981,721 
 200,115     Ferrovial S.A.   3,970,056 
 158,946     Gas Natural SDG S.A.   3,731,061 
 69,886     Grifols S.A.   2,931,668 
 2,418,473     Iberdrola S.A.   16,693,325 
 514,089     Inditex S.A.   15,152,020 
 50,894     Red Electrica de Espana   4,336,072 
 487,522  e  Repsol YPF S.A.   8,636,334 
 1,953,492     Telefonica S.A.   29,293,402 
 96,601  e  Zardoya Otis S.A.   1,100,141 
       TOTAL SPAIN   190,710,722 
              
SWEDEN - 3.1%        
 146,340     Alfa Laval AB   2,718,293 
 155,463     Assa Abloy AB (Class B)   8,490,446 
 313,587     Atlas Copco AB (A Shares)   9,284,882 
 179,378     Atlas Copco AB (B Shares)   4,906,196 
 131,621     Boliden AB   2,056,147 
 113,190     Electrolux AB (Series B)   3,483,817 
 188,087  e  Elekta AB (B Shares)   2,018,579 
 1,436,082     Ericsson (LM) (B Shares)   17,411,425 
 91,945  e  Getinge AB (B Shares)   2,266,213 
 36,299     Hakon Invest AB   1,394,659 
 447,872     Hennes & Mauritz AB (B Shares)   18,423,992 
 117,123     Hexagon AB (B Shares)   3,708,466 
 184,614     Husqvarna AB (B Shares)   1,282,176 
 79,799     Industrivarden AB   1,421,256 
 215,567     Investor AB (B Shares)   7,844,197 
 111,767     Kinnevik Investment AB (Series B)   3,339,999 
284

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 106,966  *,e  Lundin Petroleum AB  $1,387,676 
 1,429,103     Nordea Bank AB   18,143,553 
 495,230  e  Sandvik AB   5,198,225 
 149,527     Securitas AB (B Shares)   1,822,571 
 691,333     Skandinaviska Enskilda Banken AB (Class A)   8,324,752 
 179,789     Skanska AB (B Shares)   3,984,883 
 185,754     SKF AB (B Shares)   4,378,570 
 265,680     Svenska Cellulosa AB (B Shares)   6,403,980 
 228,139     Svenska Handelsbanken (A Shares)   10,803,282 
 421,572     Swedbank AB (A Shares)   10,198,183 
 92,783     Swedish Match AB   3,020,729 
 145,839     Tele2 AB   1,649,843 
 1,095,323     TeliaSonera AB   6,749,117 
 714,817     Volvo AB (B Shares)   8,368,532 
       TOTAL SWEDEN   180,484,639 
              
SWITZERLAND - 9.6%        
 1,021,180     ABB Ltd   19,633,420 
 47,990     Actelion Ltd   5,300,999 
 79,042     Adecco S.A.   5,904,716 
 39,666     Aryzta AG.   2,973,736 
 21,765     Baloise Holding AG.   2,833,089 
 1,070  e  Barry Callebaut AG.   1,066,906 
 242,037     Cie Financiere Richemont S.A.   20,107,972 
 91,576     Coca-Cola HBC AG.   1,471,875 
 707,295     Credit Suisse Group   14,892,692 
 3,896     EMS-Chemie Holding AG.   1,505,041 
 17,396     Geberit AG.   5,943,243 
 4,306     Givaudan S.A.   7,849,084 
 4,928,097     Glencore Xstrata plc   18,374,809 
 106,350     Holcim Ltd   7,435,234 
 101,280     Julius Baer Group Ltd   4,120,488 
 25,525     Kuehne & Nagel International AG.   3,513,625 
 423     Lindt & Spruengli AG.   2,201,727 
 51     Lindt & Spruengli AG. (Registered)   3,212,744 
 26,036     Lonza Group AG.   3,083,605 
 1,506,788     Nestle S.A.   115,074,847 
 1,074,667     Novartis AG.   104,729,222 
 16,546     Pargesa Holding S.A.   1,195,505 
 8,019     Partners Group   2,146,045 
 24,323     Phonak Holding AG.   3,195,473 
 327,290     Roche Holding AG.   88,210,343 
 20,559     Schindler Holding AG.   3,044,923 
 10,669     Schindler Holding AG. (Registered)   1,553,575 
 2,492     SGS S.A.   4,727,059 
 989     Sika AG.   3,396,720 
 288,391     STMicroelectronics NV   2,394,615 
 12,737     Sulzer AG.   1,348,596 
 14,162     Swatch Group AG.   5,632,427 
 25,413     Swatch Group AG. (Registered)   1,868,165 
 15,752     Swiss Life Holding   3,515,114 
 28,715     Swiss Prime Site AG.   2,490,843 
285

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 166,035     Swiss Re Ltd  $14,977,585 
 10,890     Swisscom AG.   6,385,005 
 42,989     Syngenta AG.   14,002,967 
 1,693,157     UBS AG.   28,379,096 
 69,303     Zurich Financial Services AG.   22,979,363 
       TOTAL SWITZERLAND   562,672,493 
              
UNITED KINGDOM - 19.2%        
 435,654     3i Group plc   3,004,400 
 439,454     Aberdeen Asset Management plc   2,884,719 
 98,682  e  Admiral Group plc   2,146,773 
 115,488     Aggreko plc   2,693,415 
 173,997     AMEC plc   2,080,352 
 649,659     Anglo American plc (London)   10,851,654 
 174,381  e  Antofagasta plc   1,700,238 
 667,320     ARM Holdings plc   10,400,467 
 235,210     Ashtead Group plc   3,827,457 
 164,530     Associated British Foods plc   7,673,220 
 592,373     AstraZeneca plc   42,168,286 
 1,371,475     Aviva plc   10,881,125 
 118,275     Babcock International Group   1,788,490 
 1,458,671     BAE Systems plc   11,104,299 
 7,644,855     Barclays plc   26,848,937 
 1,587,744     BG Group plc   21,177,125 
 982,755     BHP Billiton plc   21,345,955 
 8,634,357     BP plc   55,467,383 
 868,959     British American Tobacco plc   49,023,212 
 444,264     British Land Co plc   5,536,380 
 474,392     British Sky Broadcasting plc   6,615,478 
 3,802,343     BT Group plc   23,854,562 
 148,944     Bunzl plc   4,242,955 
 202,363     Burberry Group plc   5,257,280 
 302,306     Capita Group plc   5,076,788 
 2,378,579     Centrica plc   10,496,731 
 428,445     CNH Industrial NV   3,261,653 
 515,323     Cobham plc   2,526,052 
 771,143     Compass Group plc   13,295,388 
 67,306     Croda International plc   2,687,957 
 1,179,724     Diageo plc   34,920,562 
 692,319     Direct Line Insurance Group plc   3,246,740 
 73,883     easyJet plc   2,060,071 
 459,080     Experian Group Ltd   8,089,468 
 414,572  *  Fiat DaimlerChrysler Automobiles NV   5,467,686 
 737,014     GKN plc   4,070,404 
 2,273,573     GlaxoSmithKline plc   50,061,169 
 754,160     Group 4 Securicor plc   3,231,661 
 353,581     Hammerson plc   3,658,783 
 121,255     Hargreaves Lansdown plc   1,838,058 
 8,965,548     HSBC Holdings plc   82,027,644 
 253,153  e  ICAP plc   1,777,651 
 124,053     IMI plc   2,375,512 
 443,808     Imperial Tobacco Group plc   20,845,207 
286

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 211,516     Inmarsat plc  $2,650,356 
 108,478     InterContinental Hotels Group plc   4,325,855 
 476,161  *  International Consolidated Airlines Group S.A.   3,885,114 
 79,631     Intertek Group plc   2,742,571 
 1,769,809     ITV plc   5,857,218 
 620,148  e  J Sainsbury plc   2,376,414 
 94,436     Johnson Matthey plc   4,619,875 
 1,085,937     Kingfisher plc   5,586,237 
 363,273     Land Securities Group plc   6,962,481 
 2,774,958     Legal & General Group plc   11,144,571 
 424,146     Liberty International plc   2,327,748 
 26,832,454  *  Lloyds TSB Group plc   29,725,365 
 107,386     London Stock Exchange Group plc   3,812,923 
 761,257     Marks & Spencer Group plc   5,533,676 
 360,372     Meggitt plc   2,913,206 
 489,955     Melrose Industries plc   1,950,370 
 262,908  g  Merlin Entertainments plc   1,596,479 
 1,741,098     National Grid plc   24,478,104 
 450,744     New Carphone Warehouse plc   2,945,644 
 70,667     Next plc   7,679,247 
 2,255,169     Old Mutual plc   7,035,833 
 377,466     Pearson plc   7,658,704 
 140,059     Persimmon plc   3,352,864 
 122,224  e  Petrofac Ltd   1,294,913 
 1,204,242     Prudential plc   29,275,597 
 305,737     Reckitt Benckiser Group plc   25,876,008 
 324,618     Reed Elsevier NV   7,936,438 
 531,752     Reed Elsevier plc   9,231,755 
 658,642     Resolution Ltd   3,938,597 
 319,129     Rexam plc   2,039,321 
 202,870     Rio Tinto Ltd   9,046,396 
 594,723     Rio Tinto plc   26,133,900 
 883,533     Rolls-Royce Group plc   11,804,022 
 1,176,757  *  Royal Bank of Scotland Group plc   6,389,464 
 328,870     Royal Mail plc   2,149,546 
 470,287  *  RSA Insurance Group plc   3,209,134 
 455,260     SABMiller plc   24,796,288 
 503,604     Sage Group plc   3,630,409 
 58,833     Schroders plc   2,556,623 
 447,840     Scottish & Southern Energy plc   10,837,119 
 340,869     Segro plc   2,110,879 
 115,659     Severn Trent plc   3,744,431 
 416,101     Smith & Nephew plc   7,420,283 
 178,557     Smiths Group plc   3,021,904 
 138,179  *  Sports Direct International plc   1,473,667 
 1,166,393     Standard Chartered plc   15,553,719 
 1,092,836     Standard Life plc   6,602,743 
 138,668  e  Subsea 7 S.A.   1,179,583 
 227,349     Tate & Lyle plc   2,318,714 
 3,844,941     Tesco plc   13,002,292 
 112,699     Travis Perkins plc   3,252,071 
 434,013     Tullow Oil plc   2,387,664 
287

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 757,309  e  Unilever NV  $32,840,422 
 596,996     Unilever plc   26,288,138 
 329,745     United Utilities Group plc   5,089,240 
 12,430,003     Vodafone Group plc   43,709,830 
 98,445     Weir Group plc   2,481,980 
 83,758     Whitbread plc   6,286,945 
 406,381     William Hill plc   2,302,387 
 1,034,732  e  WM Morrison Supermarkets plc   2,791,834 
 123,820     Wolseley plc   7,177,236 
 616,054     WPP plc   13,547,380 
       TOTAL UNITED KINGDOM   1,129,479,074 
              
UNITED STATES - 0.8%        
 85,062     Carnival plc   3,808,323 
 606,901  d,e  iShares MSCI EAFE Index Fund   37,148,410 
 107,677  *  Qiagen NV   2,463,559 
 174,827  e  Transocean Ltd   2,790,572 
       TOTAL UNITED STATES   46,210,864 
             
       TOTAL COMMON STOCKS   5,864,795,484 
       (Cost $5,368,418,906)     
             
RIGHTS / WARRANTS - 0.0%        
AUSTRALIA - 0.0%        
 13,404  m  APA Group   9,313 
 989,098  m  BGP Holdings plc   0 
       TOTAL AUSTRALIA   9,313 
             
SPAIN - 0.0%
 82,579     ACS Actividades de Construccion y Servicios S.A.   41,992 
 5,748,522  m  Banco Santander S.A.   878,736 
       TOTAL SPAIN   920,728 
             
       TOTAL RIGHTS / WARRANTS   930,041 
       (Cost $1,029,816)     
             
SHORT-TERM INVESTMENTS - 3.6%        
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 3.6%        
 212,549,205  a,c  TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust		   212,549,205 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   212,549,205 
       TOTAL SHORT-TERM INVESTMENTS   212,549,205 
       (Cost $212,549,205)     
             
       TOTAL INVESTMENTS - 103.3%   6,078,274,730 
       (Cost $5,581,997,927)     
       OTHER ASSETS & LIABILITIES, NET - (3.3)%   (196,674,059)
       NET ASSETS - 100.0%  $5,881,600,671 
288

TIAA-CREF FUNDS - International Equity Index Fund

 

       
      Abbreviation(s):
      ADR American Depositary Receipt
      REIT Real Estate Investment Trust
         
  *   Non-income producing.
  a   Affiliated holding.
  c   Investments made with cash collateral received from securities on loan.
  d   All or a portion of these securities have been segregated to cover margin requirements on open futures transactions.
  e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $206,074,172.
  g   Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 1/31/15, the aggregate value of these securities amounted to $2,714,031 or 0.05% of net assets.
  m   Indicates a security that has been deemed illiquid.
289

TIAA-CREF FUNDS - International Equity Index Fund

 

TIAA-CREF FUNDS

INTERNATIONAL EQUITY INDEX FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2015

 

       % OF 
SECTOR  VALUE   NET ASSETS 
FINANCIALS  $1,511,124,244    25.7%
INDUSTRIALS   735,844,659    12.5 
CONSUMER DISCRETIONARY   731,381,228    12.4 
CONSUMER STAPLES   675,449,479    11.5 
HEALTH CARE   661,197,393    11.2 
MATERIALS   434,929,007    7.4 
ENERGY   315,344,520    5.4 
TELECOMMUNICATION SERVICES   300,225,740    5.1 
INFORMATION TECHNOLOGY   276,111,167    4.7 
UTILITIES   224,118,088    3.8 
SHORT-TERM INVESTMENTS   212,549,205    3.6 
OTHER ASSETS & LIABILITIES, NET   (196,674,059)   (3.3)
           
NET ASSETS  $5,881,600,671    100.0%
290

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

TIAA-CREF FUNDS

EMERGING MARKETS DEBT FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2015

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                     
BONDS - 94.5%            
                     
CORPORATE BONDS - 48.2%            
                     
ANGOLA - 0.7%             
$1,500,000     Republic of Angola Via Northern Lights III BV   7.000%  08/16/19  $1,455,000 
      TOTAL ANGOLA           1,455,000 
                     
BRAZIL - 3.6%             
 1,800,000  g  Klabin Finance S.A.   5.250   07/16/24   1,764,000 
 192,480  g  Odebrecht Offshore Drilling Finance Ltd   6.625   10/01/22   135,698 
 848,250  g  Odebrecht Offshore Drilling Finance Ltd   6.750   10/01/22   602,003 
BRL 2,305,000  g  Oi S.A.   9.750   09/15/16   773,130 
$1,100,000  g  Oi S.A.   5.750   02/10/22   955,625 
 860,000     Petrobras Global Finance BV   6.250   03/17/24   776,864 
 900,000  g  QGOG Constellation S.A.   6.250   11/09/19   411,480 
 1,100,000  g  Samarco Mineracao S.A.   5.375   09/26/24   1,012,000 
 1,000,000  g  Tupy Overseas S.A.   6.625   07/17/24   917,500 
      TOTAL BRAZIL           7,348,300 
                     
CHILE - 1.5%             
 800,000  g  Colbun S.A.   4.500   07/10/24   819,865 
 1,000,000  g  Corp Nacional del Cobre de Chile-CODELCO   4.875   11/04/44   1,017,471 
 1,300,000  g  Empresa Electrica Angamos S.A.   4.875   05/25/29   1,308,840 
      TOTAL CHILE           3,146,176 
                     
CHINA - 2.4%             
 1,500,000  g  Bank of China Ltd   5.000   11/13/24   1,584,714 
 1,200,000  g  CAR, Inc   6.125   02/04/20   1,198,500 
 1,500,000  g  Golden Eagle Retail Group Ltd   4.625   05/21/23   1,295,006 
 1,100,000  g  Semiconductor Manufacturing International Corp   4.125   10/07/19   1,118,064 
      TOTAL CHINA           5,196,284 
                     
COLOMBIA - 2.9%             
 940,000     Ecopetrol S.A.   4.125   01/16/25   882,425 
 800,000     Ecopetrol S.A.   5.875   05/28/45   768,000 
 1,100,000  g  Empresa de Energia de Bogota S.A.   6.125   11/10/21   1,171,500 
COP2,368,000,000  g  Empresa de Telecomunicaciones de Bogota   7.000   01/17/23   934,098 
$500,000  g  Oleoducto Central SA   4.000   05/07/21   482,500 
 300,000  g  Pacific Rubiales Energy Corp   5.375   01/26/19   197,250 
 1,000,000  g  Pacific Rubiales Energy Corp   5.625   01/19/25   570,000 
 1,200,000  g  SUAM Finance BV   4.875   04/17/24   1,217,532 
      TOTAL COLOMBIA           6,223,305 
291

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                     
GUATEMALA - 0.6%             
$1,300,000  g  Comcel Trust   6.875%  02/06/24  $1,345,500 
          TOTAL GUATEMALA           1,345,500 
                     
INDIA - 4.0%             
 1,000,000  g  Bharti Airtel International Netherlands BV   5.125   03/11/23   1,104,600 
 600,000  g  ICICI Bank Ltd   3.500   03/18/20   612,881 
 1,200,000     Indian Railway Finance Corp Ltd   3.917   02/26/19   1,258,500 
 800,000     NTPC Ltd   5.625   07/14/21   896,946 
 1,550,000     NTPC Ltd   4.750   10/03/22   1,652,791 
 1,300,000  g  Reliance Holdings USA   5.400   02/14/22   1,425,884 
 1,350,000  g  Reliance Industries Ltd   4.125   01/28/25   1,379,484 
      TOTAL INDIA           8,331,086 
                     
INDONESIA - 3.8%          
 2,100,000  g  Indo Energy Finance II BV   6.375   01/24/23   1,375,500 
 2,250,000  g  Pertamina Persero PT   4.300   05/20/23   2,233,125 
 1,000,000  g  Pertamina Persero PT   6.500   05/27/41   1,085,000 
 1,000,000  g  Pertamina Persero PT   5.625   05/20/43   987,500 
 1,000,000  g  Perusahaan Gas Negara Persero Tbk PT   5.125   05/16/24   1,055,000 
 200,000  g  Perusahaan Listrik Negara PT   5.500   11/22/21   215,750 
 1,450,000  g  Perusahaan Listrik Negara PT   5.250   10/24/42   1,373,875 
       TOTAL INDONESIA           8,325,750 
ISRAEL - 1.6%             
 1,350,000  g  Israel Chemicals Ltd   4.500   12/02/24   1,371,735 
 200,000  g  Israel Electric Corp Ltd   7.250   01/15/19   223,480 
 1,700,000  g  Israel Electric Corp Ltd   5.000   11/12/24   1,717,000 
      TOTAL ISRAEL           3,312,215 
                     
KAZAKHSTAN - 1.4%             
 400,000  g  Kazakhstan Temir Zholy Finance BV   6.375   10/06/20   385,800 
 750,000  g  KazMunayGas National Co JSC   4.875   05/07/25   657,187 
 800,000  g  KazMunayGas National Co JSC   5.750   04/30/43   644,032 
 1,700,000  g  KazMunayGas National Co JSC   6.000   11/07/44   1,394,000 
      TOTAL KAZAKHSTAN           3,081,019 
                     
KOREA, REPUBLIC OF - 0.7%             
 1,100,000  g  Hana Bank   4.375   09/30/24   1,182,228 
 500,000  g  Korea East-West Power Co Ltd   2.500   06/02/20   503,557 
      TOTAL KOREA, REPUBLIC OF           1,685,785 
                     
LUXEMBOURG - 0.1%             
 200,000  g  Altice Financing S.A.   6.625   02/15/23   204,000 
      TOTAL LUXEMBOURG           204,000 
                     
MALAYSIA - 1.3%             
 3,000,000     1MDB Global Investments Ltd   4.400   03/09/23   2,706,737 
      TOTAL MALAYSIA           2,706,737 
292

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                     
MEXICO - 6.2%             
MXN25,450,000     America Movil SAB de C.V.   6.450%  12/05/22  $1,692,422 
$600,000  g  BBVA Bancomer S.A.   6.750   09/30/22   678,228 
 1,300,000  g,i  BBVA Bancomer S.A.   5.350   11/12/29   1,287,000 
 1,400,000  g  Cemex Finance LLC   6.000   04/01/24   1,318,100 
EUR430,000  g  Cemex SAB de C.V.   4.750   01/11/22   490,759 
$400,000  g  Controladora Mabe S.A. de C.V.   7.875   10/28/19   440,040 
 1,450,000  g  Elementia SAB de C.V.   5.500   01/15/25   1,386,563 
 1,450,000  g  Empresas ICA SAB de C.V.   8.875   05/29/24   1,016,813 
 1,050,000  g  Gruma SAB de C.V.   4.875   12/01/24   1,097,250 
 775,000  g  Mexichem SAB de C.V.   5.875   09/17/44   750,588 
 750,000     Pemex Project Funding Master Trust   6.625   06/15/35   860,475 
 400,000  g  Petroleos Mexicanos   4.250   01/15/25   393,920 
 1,125,000  g  Petroleos Mexicanos   4.500   01/23/26   1,123,088 
 1,000,000  g  Sixsigma Networks Mexico S.A. de C.V.   8.250   11/07/21   1,018,750 
      TOTAL MEXICO           13,553,996 
                     
MOROCCO - 1.2%             
 1,100,000  g  OCP S.A.   5.625   04/25/24   1,199,132 
 1,200,000  g  OCP S.A.   6.875   04/25/44   1,356,000 
      TOTAL MOROCCO           2,555,132 
                     
NIGERIA - 0.5%             
 1,200,000  g  Zenith Bank plc   6.250   04/22/19   1,020,000 
      TOTAL NIGERIA           1,020,000 
                     
PERU - 2.4%             
 1,250,000  g  Banco de Credito del Peru   4.250   04/01/23   1,280,875 
 1,000,000  g,i  BBVA Banco Continental S.A.   5.250   09/22/29   1,023,600 
 1,000,000  g  Transportadora de Gas del Peru S.A.   4.250   04/30/28   970,950 
 1,750,000  g  Union Andina de Cementos SAA   5.875   10/30/21   1,732,500 
      TOTAL PERU           5,007,925 
                     
POLAND - 0.6%             
 1,200,000  g  PKO Finance AB   4.630   09/26/22   1,267,500 
      TOTAL POLAND           1,267,500 
                     
RUSSIA - 1.4%             
 1,200,000  g  EDC Finance Ltd   4.875   04/17/20   942,000 
 200,000  g  Lukoil International Finance BV   3.416   04/24/18   168,000 
 1,250,000  g  Lukoil International Finance BV   6.125   11/09/20   1,081,250 
 600,000  g  Vimpelcom Holdings   7.504   03/01/22   498,648 
 400,000  g  VimpelCom Holdings BV   5.950   02/13/23   303,000 
      TOTAL RUSSIA           2,992,898 
                     
SINGAPORE - 0.9%             
 1,800,000  g,i  Oversea-Chinese Banking Corp Ltd   4.000   10/15/24   1,866,778 
      TOTAL SINGAPORE           1,866,778 
293

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                     
SOUTH AFRICA - 2.9%             
$1,025,000     AngloGold Ashanti Holdings plc   5.125%  08/01/22  $974,717 
 2,100,000  g  Eskom Holdings Ltd   5.750   01/26/21   2,094,750 
 1,000,000  g  Eskom Holdings SOC Ltd   6.750   08/06/23   1,012,700 
 1,100,000  g  MTN Mauritius Investments Ltd   4.755   11/11/24   1,111,000 
 1,000,000  g  Transnet SOC Ltd   4.000   07/26/22   970,100 
       TOTAL SOUTH AFRICA           6,163,267 
                     
SRI LANKA - 0.8%             
 1,800,000  g  National Savings Bank   5.150   09/10/19   1,775,070 
       TOTAL SRI LANKA           1,775,070 
                     
TRINIDAD AND TOBAGO - 0.4%             
 953,125  g  Petroleum Co of Trinidad & Tobago Ltd   6.000   05/08/22   955,508 
       TOTAL TRINIDAD AND TOBAGO           955,508 
                     
TURKEY - 4.5%             
 1,500,000  g  Akbank TAS   4.000   01/24/20   1,485,375 
 900,000  g  Anadolu Efes Biracilik Ve Malt Sanayii AS.   3.375   11/01/22   813,600 
 1,000,000  g  Export Credit Bank of Turkey   5.000   09/23/21   1,026,250 
 500,000  g  Turk Telekomunikasyon AS.   4.875   06/19/24   507,800 
 800,000  g  Turkiye Garanti Bankasi AS.   4.750   10/17/19   814,000 
 800,000  g  Turkiye Halk Bankasi AS.   4.750   06/04/19   807,008 
 1,000,000  g  Turkiye Is Bankasi   5.000   04/30/20   1,017,500 
 1,500,000  g  Turkiye Is Bankasi   5.000   06/25/21   1,522,800 
 500,000  g  Turkiye Sise ve Cam Fabrikalari AS.   4.250   05/09/20   490,000 
 1,200,000  g,i  Turkiye Vakiflar Bankasi Tao   6.875   02/03/25   1,190,147 
       TOTAL TURKEY           9,674,480 
                     
UNITED KINGDOM - 0.6%                
 1,200,000  g  Jaguar Land Rover Automotive plc   4.250   11/15/19   1,221,000 
       TOTAL UNITED KINGDOM           1,221,000 
                     
UNITED STATES - 0.4%             
 900,000     Freeport-McMoRan, Inc   4.550   11/14/24   824,053 
       TOTAL UNITED STATES           824,053 
                     
VENEZUELA - 0.8%                
 300,000     Petroleos de Venezuela S.A.   5.250   04/12/17   111,127 
 1,170,000  g  Petroleos de Venezuela S.A.   8.500   11/02/17   669,825 
 3,175,000     Petroleos de Venezuela S.A.   5.375   04/12/27   958,532 
       TOTAL VENEZUELA           1,739,484 
                     
       TOTAL CORPORATE BONDS           102,978,248 
       (Cost $106,286,256)             
                     
GOVERNMENT BONDS - 46.3%             
                       
AZERBAIJAN - 0.9%             
 1,940,000  g  Republic of Azerbaijan International Bond   4.750   03/18/24   1,890,569 
       TOTAL AZERBAIJAN           1,890,569 
294

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                    
BAHRAIN - 0.5%             
$1,000,000  g  Bahrain Government International Bond   6.000%  09/19/44  $970,000 
       TOTAL BAHRAIN           970,000 
                     
BARBADOS - 0.4%             
 450,000  g  Barbados Government International Bond   6.625   12/05/35   372,375 
 640,000     Barbados Government International Bond   6.625   12/05/35   529,600 
       TOTAL BARBADOS           901,975 
                     
BRAZIL - 2.4%             
 1,812,639  g  Brazil Loan Trust   5.477   07/24/23   1,830,766 
 1,400,000  g  Brazil Minas SPE via State of Minas Gerais   5.333   02/15/28   1,379,000 
BRL4,310,000     Brazil Notas do Tesouro Nacional Serie F   10.000   01/01/17   1,543,356 
 1,400,000     Brazil Notas do Tesouro Nacional Serie F   10.000   01/01/19   489,668 
       TOTAL BRAZIL           5,242,790 
                     
COLOMBIA - 1.3%             
$365,000     Colombia Government International Bond   4.000   02/26/24   379,600 
 650,000     Colombia Government International Bond   5.625   02/26/44   752,375 
 670,000     Colombia Government International Bond   5.000   06/15/45   712,545 
COP2,482,000,000     Colombian TES   5.000   11/21/18   1,015,016 
       TOTAL COLOMBIA           2,859,536 
                     
COSTA RICA - 0.7%             
$800,000  g  Costa Rica Government International Bond   4.375   04/30/25   722,200 
 800,000  g  Costa Rica Government International Bond   7.000   04/04/44   778,000 
       TOTAL COSTA RICA           1,500,200 
                     
CROATIA - 2.3%         
 775,000  g  Croatia Government International Bond   6.250   04/27/17   820,043 
 1,915,000  g  Croatia Government International Bond   6.375   03/24/21   2,104,336 
 1,775,000  g  Croatia Government International Bond   5.500   04/04/23   1,874,844 
       TOTAL CROATIA           4,799,223 
                     
DOMINICAN REPUBLIC - 1.7%         
DOP49,250,000  g  Dominican Republic International Bond   14.000   05/12/17   1,190,745 
$1,000,000  g  Dominican Republic International Bond   5.500   01/27/25   1,017,500 
 1,500,000  g  Dominican Republic International Bond   6.850   01/27/45   1,515,000 
       TOTAL DOMINICAN REPUBLIC           3,723,245 
                     
EL SALVADOR - 0.5%        
 1,025,000  g  El Salvador Government International Bond   6.375   01/18/27   1,050,625 
       TOTAL EL SALVADOR           1,050,625 
                     
GHANA - 0.8%          
 2,050,000  g  Republic of Ghana   8.125   01/18/26   1,773,250 
       TOTAL GHANA           1,773,250 
295

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                  
GREECE - 0.4%          
EUR958,000   g  Hellenic Republic Government Bond   4.750%  04/17/19  $758,809 
       TOTAL GREECE           758,809 
                     
GUATEMALA - 0.4%          
$425,000  g  Guatemala Government Bond   5.750   06/06/22   473,875 
 325,000  g  Guatemala Government Bond   4.875   02/13/28   339,625 
       TOTAL GUATEMALA           813,500 
                     
HUNGARY - 2.5%          
 700,000     Hungary Government International Bond   4.000   03/25/19   735,000 
 2,650,000     Hungary Government International Bond   5.750   11/22/23   3,072,754 
 1,160,000     Hungary Government International Bond   7.625   03/29/41   1,716,800 
       TOTAL HUNGARY           5,524,554 
                     
INDONESIA - 3.7%            
 600,000  g  Indonesia Government International Bond   3.750   04/25/22   606,000 
 1,855,000  g  Indonesia Government International Bond   3.375   04/15/23   1,815,581 
 3,100,000  g  Indonesia Government International Bond   5.125   01/15/45   3,286,000 
IDR2,600,000,000     Indonesia Treasury Bond   5.250   05/15/18   196,321 
 12,100,000,000     Indonesia Treasury Bond   7.875   04/15/19   991,020 
 9,350,000,000     Indonesia Treasury Bond   8.375   03/15/24   800,561 
       TOTAL INDONESIA           7,695,483 
                     
JAMAICA - 0.2%          
$400,000     Jamaica Government International Bond   7.625   07/09/25   435,000 
       TOTAL JAMAICA           435,000 
                     
KAZAKHSTAN - 0.7%             
 1,600,000  g  Kazakhstan Government International Bond   3.875   10/14/24   1,450,000 
       TOTAL KAZAKHSTAN           1,450,000 
                     
KENYA - 1.4%             
 800,000  g  Kenya Government International Bond   5.875   06/24/19   800,000 
 1,100,000  g  Kenya Government International Bond   6.875   06/24/24   1,144,000 
KES108,750,000     Kenya Infrastructure Bond   11.000   10/12/26   1,180,018 
       TOTAL KENYA           3,124,018 
                     
MEXICO - 1.5%              
MXN25,040,000     Mexican Bonos   6.500   06/09/22   1,815,330 
$1,200,000     Mexico Government International Bond   4.600   01/23/46   1,284,000 
       TOTAL MEXICO           3,099,330 
                     
MOROCCO - 0.8%                   
 1,500,000  g  Morocco Government International Bond   5.500   12/11/42   1,681,875 
      TOTAL MOROCCO              1,681,875 
296

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                     
NAMIBIA - 0.2%             
$400,000  g  Namibia International Bonds   5.500%  11/03/21  $430,000 
       TOTAL NAMIBIA           430,000 
                     
NIGERIA - 0.5%             
 1,270,000  g  Nigeria Government International Bond   6.375   07/12/23   1,165,428 
       TOTAL NIGERIA           1,165,428 
                     
PANAMA - 0.5%             
 1,050,000     Panama Government International Bond   5.200   01/30/20   1,172,325 
       TOTAL PANAMA           1,172,325 
                     
PARAGUAY - 0.7%       
 1,400,000  g  Republic of Paraguay   6.100   08/11/44   1,540,000 
       TOTAL PARAGUAY           1,540,000 
                     
PERU - 0.3%             
PEN2,200,000  g  Peruvian Government International Bond   5.700   08/12/24   736,811 
       TOTAL PERU           736,811 
                     
PHILIPPINES - 2.3%             
$925,000     Philippine Government International Bond   4.200   01/21/24   1,039,469 
 650,000     Philippine Government International Bond   5.500   03/30/26   804,375 
PHP72,000,000     Philippine Government International Bond   6.250   01/14/36   1,918,672 
$1,070,000     Philippine Government International Bond   3.950   01/20/40   1,175,662 
       TOTAL PHILIPPINES           4,938,178 
                     
POLAND - 1.7%             
 1,045,000     Poland Government International Bond   5.000   03/23/22   1,199,242 
 2,065,000     Poland Government International Bond   4.000   01/22/24   2,250,850 
       TOTAL POLAND           3,450,092 
                     
REPUBLIC OF SERBIA - 0.6%             
 1,250,000  g  Republic of Serbia   5.875   12/03/18   1,320,300 
       TOTAL REPUBLIC OF SERBIA           1,320,300 
                     
RUSSIA - 1.7%             
 500,000  g  Russian Foreign Bond - Eurobond   5.000   04/29/20   442,700 
 2,020,000  g  Russian Foreign Bond - Eurobond   4.875   09/16/23   1,702,860 
 530,550  i  Russian Foreign Bond - Eurobond   7.500   03/31/30   533,519 
 1,123,325  g,i  Russian Foreign Bond - Eurobond   7.500   03/31/30   1,129,611 
       TOTAL RUSSIA           3,808,690 
                     
SLOVENIA - 0.4%             
 700,000  g  Slovenia Government International Bond   5.500   10/26/22   808,500 
       TOTAL SLOVENIA           808,500 
                     
SOUTH AFRICA - 3.1%             
ZAR18,810,000     South Africa Government Bond   6.500   02/28/41   1,386,077 
$1,645,000     South Africa Government International Bond   5.875   09/16/25   1,908,200 
297

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                  
$615,000     South Africa Government International Bond   6.250%  03/08/41  $761,831 
 2,225,000     South Africa Government International Bond   5.375   07/24/44   2,475,313 
       TOTAL SOUTH AFRICA           6,531,421 
                     
SRI LANKA - 1.7%             
LKR103,000,000     Sri Lanka Government Bonds   7.250   04/01/16   786,213 
 106,000,000     Sri Lanka Government Bonds   8.000   09/01/16   817,520 
$1,310,000  g  Sri Lanka Government International Bond   6.000   01/14/19   1,367,313 
 700,000  g  Sri Lanka Government International Bond   6.250   07/27/21   740,250 
       TOTAL SRI LANKA           3,711,296 
                     
SUPRANATIONAL - 1.0%             
INR60,350,000     European Bank for Reconstruction & Development   6.000   03/03/16   978,647 
 48,000,000     Inter-American Development Bank   7.125   07/24/15   778,241 
IDR4,250,000,000     Inter-American Development Bank   7.350   09/12/18   335,184 
       TOTAL SUPRANATIONAL           2,092,072 
                     
TUNISIA - 1.4%             
$1,500,000  g  Banque Centrale de Tunisie    5.750   01/30/25   1,522,500 
1,250,000     Banque Centrale de Tunisie   8.250   09/19/27   1,462,500 
       TOTAL TUNISIA           2,985,000 
                     
TURKEY - 5.3%             
 800,000     Republic of Turkey   6.000   01/14/41   958,000 
TRY450,000     Turkey Government Bond   8.200   11/16/16   188,458 
 2,905,000     Turkey Government Bond   7.100   03/08/23   1,183,945 
$1,050,000     Turkey Government International Bond   6.750   04/03/18   1,175,370 
 525,000     Turkey Government International Bond   7.500   11/07/19   622,178 
 560,000     Turkey Government International Bond   5.625   03/30/21   622,664 
 1,200,000     Turkey Government International Bond   5.125   03/25/22   1,302,000 
 600,000     Turkey Government International Bond   5.750   03/22/24   687,000 
 800,000     Turkey Government International Bond   7.375   02/05/25   1,019,760 
 710,000     Turkey Government International Bond   8.000   02/14/34   1,014,412 
 1,010,000     Turkey Government International Bond   6.875   03/17/36   1,305,425 
 1,100,000     Turkey Government International Bond   4.875   04/16/43   1,150,765 
       TOTAL TURKEY           11,229,977 
                     
URUGUAY - 0.6%             
 1,175,000     Uruguay Government International Bond   4.500   08/14/24   1,287,213 
       TOTAL URUGUAY           1,287,213 
                     
VENEZUELA - 1.0%             
 660,000     Venezuela Government International Bond   5.750   02/26/16   377,850 
 2,230,000     Venezuela Government International Bond   7.750   10/13/19   730,325 
 600,000     Venezuela Government International Bond   9.000   05/07/23   199,500 
 1,725,000     Venezuela Government International Bond   7.650   04/21/25   556,312 
 900,000     Venezuela Government International Bond   9.250   05/07/28   301,500 
       TOTAL VENEZUELA           2,165,487 
298

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                     
VIETNAM - 0.2%             
$400,000  g  Vietnam Government International Bond   4.800%  11/19/24  $421,000 
       TOTAL VIETNAM           421,000 
                     
       TOTAL GOVERNMENT BONDS           99,087,772 
       (Cost $99,974,737)             
                     
       TOTAL BONDS           202,066,020 
       (Cost $206,260,993)             
                     
      TOTAL INVESTMENTS - 94.5%         202,066,020 
       (Cost $206,260,993)             
       OTHER ASSETS & LIABILITIES, NET - 5.5%           11,787,913 
       NET ASSETS - 100.0%          $213,853,933 
     
   
  Abbreviation(s):
  BRL Brazilian Real
  COP Colombian Peso
  DOP Dominican Peso
  EUR Euro
  IDR Indonesian Rupiah
  INR Indian Rupee
  KES Kenyan Shilling
  LKR Sri Lankan Rupee
  MXN Mexico Peso
  PEN Peruvian Nuevo Sol
  PHP Philippine Peso
  TRY Turkish Lira
  ZAR South African Rand
         
g   Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers.
At 1/31/2015, the aggregate value of these securities amounted to $132,131,950 or 61.8% of net assets.
i   Floating or variable rate security. Coupon rate reflects the rate at period end.
299

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

TIAA-CREF FUNDS

EMERGING MARKETS DEBT FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2015

     

       % OF 
SECTOR  VALUE   NET ASSETS 
GOVERNMENT  $97,565,272    45.5%
FINANCIALS   28,035,236    13.1 
UTILITIES   24,279,446    11.4 
ENERGY   18,178,007    8.5 
MATERIALS   14,301,055    6.7 
TELECOMMUNICATION SERVICES   6,973,323    3.3 
INDUSTRIALS   5,729,971    2.7 
CONSUMER DISCRETIONARY   2,956,046    1.4 
INFORMATION TECHNOLOGY   2,136,814    1.0 
CONSUMER STAPLES   1,910,850    0.9 
OTHER ASSETS & LIABILITIES, NET   11,787,913    5.5 
           
NET ASSETS  $213,853,933    100.0%
300

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 was organized on April 15, 1999 and 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 TIAA-CREF Funds are included in this report: Enhanced Large-Cap Growth Index Fund, Enhanced Large-Cap Value Index Fund, Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Social Choice Equity Fund, Emerging Markets Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund, International Equity Fund, International Opportunities Fund, Equity Index Fund, Large-Cap Growth Index Fund, Large-Cap Value Index Fund, S&P 500 Index Fund, Small-Cap Blend Index Fund, Emerging Markets Equity Index Fund, International Equity Index Fund, and the Emerging Markets Debt 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 Funds are investment companies and follow the accounting guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 946, Financial Services—Investment Companies. The following is a summary of the significant accounting policies consistently followed by the Funds.

 

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

 

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 is reflected as a component of security gains and losses.

301

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

 

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.

 

New accounting pronouncement: In June 2014, the FASB issued Accounting Standards Update No. 2014-11 Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financing, and Disclosures (the “Update”). The Update will require, amongst other items, additional disclosures for transactions that are accounted for as secured borrowings, such as loaned securities. The Update is effective for annual reporting periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. The Funds expect to adopt the Update for the April 30, 2015 semiannual report.

 

Note 2—valuation of investments

 

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

 

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

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

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

 

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

 

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 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, including equity-linked notes, will generally be valued using prices provided by a pricing service that may employ various indications of value

302

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

 

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, excluding investments in registered investment companies, with maturities of 60 days or less are valued at amortized cost, which approximates fair value. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter accreting or amortizing any discount or premium to its face value at a constant rate until maturity. Short-term investments with maturities in excess of 60 days are valued in the same manner as debt securities. Effective January 2, 2015, all short-term investments were valued in the same manner as debt securities. Short-term investments are generally categorized in Level 2 of the fair value hierarchy.

 

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

 

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.

 

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

 

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

 

Transfers between levels are recognized at the end of the reporting period. For the period ended January 31, 2015, there were no material transfers between levels by the Funds.

 

As of January 31, 2015, 100% of the value of investments in the Enhanced Large-Cap Growth Index Fund, Large-Cap Growth Fund, Mid-Cap Growth Fund, Small-Cap Equity Fund, Large-Cap Growth Index Fund, Large-Cap Value Index Fund, and the S&P 500 Index Fund were valued based on Level 1 inputs.

 

As of January 31, 2015, 100% of the value of investments in the Emerging Markets Debt Fund was valued based on Level 2 inputs.

303

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

 

The following table summarizes the market value of the Funds’ investments as of January 31, 2015, based on the inputs used to value them:

 

Fund  Level 1   Level 2   Level 3   Total 
Enhanced Large-Cap Value Index                    
Equity investments:                    
Consumer discretionary  $143,030,197   $939,591   $-   $143,969,788 
All other equity investments*   1,553,822,493    -    -    1,553,822,493 
Short-term investments   16,637,558    -    -    16,637,558 
Written options**   (29,687)   -    -    (29,687)
Total  $1,713,460,561   $939,591   $-   $1,714,400,152 
Growth & Income                    
Equity investments:                    
Consumer discretionary  $713,139,704   $470   $-   $713,140,174 
Consumer staples   406,285,780    49,969,930    -    456,255,710 
Financials   583,444,275    18,693,980    -    602,138,255 
Health care   710,736,703    36,434,388    -    747,171,091 
Industrials   421,915,858    4,798,660    -    426,714,518 
Information Technology   1,006,490,025    9,782,601    -    1,016,272,626 
Materials   155,159,801    20,486,862    -    175,646,663 
All other equity investments*   486,168,985    -    -    486,168,985 
Short-term investments   85,874,131    -    -    85,874,131 
Purchased options**   115,750    -    -    115,750 
Written options**   (715,210)   -    -    (715,210)
Total  $4,568,615,802   $140,166,891   $-   $4,708,782,693 
Large-Cap Value                    
Equity investments:                    
Consumer discretionary  $509,062,749   $22,545,808   $-   $531,608,557 
Consumer staples   312,899,113    35,179,291    -    348,078,404 
Health care   741,440,378    29,945,965    -    771,386,343 
Industrials   491,530,084    -    7,267    491,537,351 
Materials   143,811,996    19,017,206    -    162,829,202 
All other equity investments*   2,923,159,057    -    -    2,923,159,057 
Short-term investments   107,253,167    -    -    107,253,167 
Total  $5,229,156,544   $106,688,270   $7,267   $5,335,852,081 
Mid-Cap Value                    
Equity investments:                    
Energy  $397,879,012   $14,234,674   $-   $412,113,686 
Financials   1,519,255,903    14,771,415    -    1,534,027,318 
Health care   585,230,668    18,434,975    -    603,665,643 
All other equity investments*   2,522,745,184    -    -    2,522,745,184 
Short-term investments   67,349,859    -    -    67,349,859 
Total  $5,092,460,626   $47,441,064   $-   $5,139,901,690 
Social Choice Equity                    
Equity investments:                    
Financials  $511,271,937   $21,662,441   $-   $532,934,378 
Health care   375,770,338    56,323    -    375,826,661 
Information Technology   458,599,913    255,254    -    458,855,167 
All other equity investments *   1,277,966,742    -    -    1,277,966,742 
Short-term investments   -    54,328,705    -    54,328,705 
Total  $2,623,608,930   $76,302,723   $-   $2,699,911,653 
304

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

 

Fund  Level 1   Level 2   Level 3   Total 
Emerging Markets Equity                    
Equity investments:                    
Africa/Middle East  $-   $58,710,752   $-   $58,710,752 
Asia   14,039,220    594,285,203    175,554    608,499,977 
Europe   -    22,777,934    -    22,777,934 
Latin America   -    104,489,704    -    104,489,704 
All other equity investments*   18,419,899    87,746,618    -    106,166,517 
Corporate bonds   -    -    534,000    534,000 
Short-term investments   19,464,420    -    -    19,464,420 
Total  $51,923,539   $868,010,211   $709,554   $920,643,304 
Enhanced International Equity Index                    
Equity investments:                    
Asia  $-   $271,326,641   $-   $271,326,641 
Australasia   -    79,231,332    -    79,231,332 
Europe   15,768,971    624,235,120    -    640,004,091 
All other equity investments*   6,462,040    91,381,135    -    97,843,175 
Short-term investments   39,617,971    -    -    39,617,971 
Futures**   26,345    -    -    26,345 
Total  $61,875,327   $1,066,174,228   $-   $1,128,049,555 
Global Natural Resources                    
Equity investments:                    
Asia  $-   $12,763,065   $-   $12,763,065 
Australasia   -    16,451,137    -    16,451,137 
Europe   -    43,093,179    -    43,093,179 
North America   117,179,156    29,976,074    -    147,155,230 
All other equity investments*   -    36,989,625    -    36,989,625 
Short-term investments   12,398,733    -    -    12,398,733 
Total  $129,577,889   $139,273,080   $-   $268,850,969 
International Equity                    
Equity investments:                    
Asia  $-   $978,433,222   $-   $978,433,222 
Europe   -    2,702,965,519    -    2,702,965,519 
All other equity investments*   -    85,399,382    -    85,399,382 
Short-term investments   47,116,863    -    -    47,116,863 
Total  $47,116,863   $3,766,798,123   $-   $3,813,914,986 
International Opportunities                    
Equity investments:                    
Asia  $16,576,524   $331,176,885   $-   $347,753,409 
Australasia   -    25,724,289    -    25,724,289 
Europe   -    445,196,826    1,606    445,198,432 
North America   20,718,332    87,311,744    -    108,030,076 
All other equity investments*   -    136,298,461    -    136,298,461 
Short-term investments   75,058,027    21,199,746    -    96,257,773 
Total  $112,352,883   $1,046,907,951   $1,606   $1,159,262,440 
305

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

 

Fund  Level 1   Level 2   Level 3   Total 
Equity Index                    
Equity investments:                    
Health care  $1,321,743,559   $-   $31,697   $1,321,775,256 
Telecommunications   185,567,740    -    49,856    185,617,596 
All other equity investments*   7,551,670,588    -    -    7,551,670,588 
Short-term investments   246,884,344    -    -    246,884,344 
Futures**   (282,953)   -    -    (282,953)
Total  $9,305,583,278   $-   $81,553   $9,305,664,831 
Small-Cap Blend Index                    
Equity investments:                    
Health care  $247,638,864   $-   $82,553   $247,721,417 
Telecommunications   11,962,069    -    139,956    12,102,025 
All other equity investments*   1,348,757,253    -    -    1,348,757,253 
Short-term investments   240,423,717    -    -    240,423,717 
Futures**   (57,377)   -    -    (57,377)
Total  $1,848,724,526   $-   $222,509   $1,848,947,035 
Emerging Markets Equity Index                    
Equity investments:                    
Africa/Middle East  $-   $78,025,066   $285   $78,025,351 
Asia   -    623,978,170    -    623,978,170 
Europe   847,693    28,959,696    -    29,807,389 
Latin America   -    122,416,827    -    122,416,827 
North America   50,240,462    -    -    50,240,462 
All other equity investments*   2,976,625    96,466,182    698    99,443,505 
Short-term investments   57,090,717    -    -    57,090,717 
Total  $111,155,497   $949,845,941   $983   $1,061,002,421 
International Equity Index                    
Equity investments:                    
Asia  $-   $1,440,047,248   $-   $1,440,047,248 
Australasia   -    415,686,763    9,313    415,696,076 
Europe   -    3,577,348,516    -    3,577,348,516 
All other equity investments*   37,585,726    395,047,959    -    432,633,685 
Short-term investments   212,549,205    -    -    212,549,205 
Futures**   (19,543)   -    -    (19,543)
Total  $250,115,388   $5,828,130,486   $9,313   $6,078,255,187 
   
* For detailed categories, see the accompanying schedule of investments.
** Derivative instruments, excluding purchased options, are not reflected in the schedule of investments.
306

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 equity price risk in the normal course of pursuing their investment objectives. The Funds use futures contracts to manage exposure to the equity markets and for cash management purposes to remain highly invested in these markets while minimizing transaction costs. 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 receipts or payments are settled daily reflecting 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 January 31, 2015, the Funds held the following open futures contracts:

 

Fund  Futures  Number of
contracts		   Settlement
value		   Expiration date  Unrealized gain
(loss)		 
Small-Cap Equity  Russell 2000 Mini Index   82   $9,521,840   March 2015  $(245,787)
Enhanced International Equity Index  MSCI EAFE Mini Index   10    883,300   March 2015   26,345 
Equity Index  S&P 500 E Mini Index   179    17,796,180   March 2015   (282,953)
Large-Cap Growth Index  S&P 500 E Mini Index   21    2,087,820   March 2015   (10,202)
Large-Cap Value Index  S&P 500 E Mini Index   20    1,988,400   March 2015   (8,913)
Small-Cap Blend Index  Russell 2000 Mini Index   32    3,715,840   March 2015   (57,377)
International Equity Index  MSCI EAFE Mini Index   34    3,003,220   March 2015   (19,543)

 

Options: The Funds are subject to equity price risk in the normal course of pursuing their investment objectives. The Funds use options contracts for hedging and cash management purposes and to seek to increase total return. Call and put options give the holder the right, in return for a premium paid, to purchase or sell, respectively, a security at a specified exercise price at any time during the period of the option. Purchased options are included in the schedule of investments. Premiums on unexercised, expired options are recorded as realized gains or losses; premiums on exercised options are recorded as an adjustment to the proceeds from the sale or cost of the purchase. The difference between the premium and the amount received or paid in a closing transaction is also treated as a realized gain or loss.

307

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

 

 

Purchased options outstanding as of January 31, 2015 were as follows: 

 

   Number of contracts   Value 
Growth & Income Fund        
AMC Networks, Inc, Put, 2/20/15 at $65   300   $32,250 
Apple, Inc, Put, 1/30/15 at $107   300    300 
Estee Lauder Cos, Inc, Put, 2/20/15 at $70   400    56,000 
Mondelez International, Inc, Put, 2/20/15 at $36   200    22,400 
Yahoo!, Inc, Put, 2/6/15 at $42   400    4,800 
Total   1,600   $115,750 
           
Written options outstanding as of January 31, 2015 were as follows:          
           
   Number of Contracts    Value 
Enhanced Large-Cap Value Index Fund          
Biogen Idec, Inc, Call, 2/6/15 at $400   5   $(1,550)
Biogen Idec, Inc, Call, 2/6/15 at $390   10    (7,300)
Cummins, Inc, Put, 1/30/15 at $139   20    (100)
EOG Resources, Inc, Call, 1/30/15 at $95   30    (120)
GoPro, Inc, Call, 1/30/15 at $55.50   50    (150)
GoPro, Inc, Put, 1/30/15 at $47.50   24    (120)
GoPro, Inc, Put, 2/6/15 at $45   40    (4,200)
Hess Corp, Put, 1/30/15 at $65   45    (4,005)
Hess Corp, Put, 1/30/15 at $67   25    (3,750)
Hewlett-Packard Co, Put, 2/6/15 at $36   38    (1,254)
LyondellBasell Industries NV, Put, 2/20/15 at $72.50   30    (2,400)
Tesoro Corp, Put, 2/6/15 at $76.50   10    (350)
VMware, Inc, Call, 2/6/15 at $88     40       (3,000 )
VMware, Inc, Put, 1/30/15 at $76   30    (120)
Western Digital Corp, Put, 1/30/15 at $95   20    (60)
Western Digital Corp, Put, 1/30/15 at $91   42    (168)
Western Digital Corp, Put, 1/30/15 at $97   35    (665)
Workday, Inc, Call, 1/30/15 at $85   25    (375)
Total   519   $(29,687)
308

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

 

   Number of Contracts    Value 
Growth & Income Fund          
AMC Networks, Inc, Call, 2/20/15 at $70   300   $(22,500)
AMC Networks, Inc, Put, 2/20/15 at $60   200    (27,000)
Amgen, Inc, Call, 1/30/15 at $165   300    (300)
Apple, Inc, Call, 1/30/15 at $120   300    (300)
Best Buy Co, Inc, Call, 2/6/15 at $37   600    (5,400)
Canadian Pacific Railway Ltd, Put, 2/20/15 at $160   100    (8,750)
Citrix Systems, Inc, Call, 2/20/15 at $65   700    (7,000)
Citrix Systems, Inc, Call, 2/20/15 at $62.50   700    (24,500)
Dow Chemical Co, Call, 1/30/15 at $46   600    (600)
Estee Lauder Cos, Inc, Call, 2/20/15 at $77.50   100    (1,500)
Estee Lauder Cos, Inc, Call, 2/20/15 at $75   400    (16,000)
Estee Lauder Cos, Inc, Put, 2/20/15 at $65   400    (15,000)
Facebook, Inc, Call, 1/30/15 at $85   300    (300)
Facebook, Inc, Put, 1/30/15 at $70   300    (300)
Fortinet, Inc, Call, 2/20/15 at $36     600       (10,500 )
Fortinet, Inc, Put, 2/20/15 at $29   600    (45,000)
General Dynamics Corp, Call, 2/20/15 at $145   200    (1,000)
General Dynamics Corp, Put, 2/20/15 at $125   200    (10,800)
Google, Inc, Call, 1/30/15 at $540     60       (180 )
Google, Inc, Put, 1/30/15 at $490   60    (180)
GoPro, Inc, Call, 1/30/15 at $56   100    (300)
Harman International Industries, Inc, Call, 2/20/15 at $115   200    (286,000)
Harman International Industries, Inc, Call, 2/20/15 at $130   100    (37,000)
Honeywell International, Inc, Call, 2/20/15 at $105   400    (4,000)
Intel Corp, Put, 2/6/15 at $32   700    (16,100)
Kate Spade & Co, Call, 2/20/15 at $33   300    (18,000)
Mattel, Inc, Call, 2/20/15 at $29   100    (1,000)
MicroStrategy, Inc, Call, 2/20/15 at $185   100    (10,000)
MicroStrategy, Inc, Put, 2/20/15 at $155   100    (27,500)
Mondelez International, Inc, Call, 2/20/15 at $40     400       (2,800 )
Mondelez International, Inc, Put, 2/20/15 at $33   400    (9,200)
NetFlix, Inc, Put, 1/30/15 at $430   100    (100)
NetFlix, Inc, Put, 2/6/15 at $420   100    (13,200)
NXP Semiconductors NV, Call, 2/20/15 at $87.50   200    (17,500)
NXP Semiconductors NV, Put, 2/20/15 at $70   200    (10,000)
O’Reilly Automotive, Inc, Call, 2/20/15 at $210     160       (6,400 )
O’Reilly Automotive, Inc, Put, 2/20/15 at $180   160    (30,400)
Restoration Hardware Holdings, Inc, Put, 2/20/15 at $80   200    (11,000)
Restoration Hardware Holdings, Inc, Put, 2/20/15 at $85   100    (17,000)
VMware, Inc, Call, 1/30/15 at $89   200    (200)
Yahoo!, Inc, Call, 1/30/15 at $53   400    (400)
Total   11,740   $(715,210)
Large-Cap Growth Fund          
Illumina, Inc, Call, 2/20/15 at $200   119   $(48,790)
Total   119   $(48,790)
309

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

 

   Number of Contracts    Value 
Mid-Cap Growth Fund          
Church & Dwight Co, Inc, Call, 2/20/15 at $80   1,000   $(195,000)
Groupon, Inc, Call, 2/20/15 at $8   2,000    (58,000)
Illumina, Inc, Call, 2/20/15 at $200   500    (205,000)
NetFlix, Inc, Call, 2/20/15 at $420   50    (135,750)
Pacira Pharmaceuticals, Inc, Call, 2/20/15 at $105   690    (455,400)
Skyworks Solutions, Inc, Call, 2/20/15 at $82   400    (140,000)
Western Digital Corp, Call, 1/30/15 at $109   350    (1,050)
Yahoo!, Inc, Put, 2/6/15 at $42   200    (2,400)
Yelp, Inc, Call, 2/6/15 at $60     837       (62,775 )
Yelp, Inc, Put, 2/6/15 at $50   837    (163,215)
Total   6,864   $(1,418,590)

 

Note 4—affiliated investments

 

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

 

   Value at   Purchase   Sales   Realized   Dividend   Withholding   Shares at   Value at 
Issue    October 31, 2014     cost     proceeds     gain(loss)     income     expense     January 31, 2015     January 31, 2015 
Large-Cap Value Fund                                        
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust  $262,541,188   $-   $155,288,021   $-   $-   $-    -*  $- 
Mid-Cap Growth Fund                                        
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust  163,569,035   -   58,693,065   -   -   -    -*  - 
Small-Cap Equity Fund                                        
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust  234,863,780   -   85,282,266   -   -   -   149,581,514   149,581,514 
International Equity Fund                                        
Ceat Ltd     - **   31,045,961     -     -     -     -     2,160,298     28,542,021  
Equity Index Fund                                        
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust  278,287,735   7,907,698   39,311,089   -   -   -   246,884,344   246,884,344 
Small-Cap Blend Index Fund                                        
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust  286,165,959   -   45,742,242   -   -   -   240,423,717   240,423,717 
International Equity Index Fund                                        
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust  183,755,836   110,665,707   81,872,338   -   -   -   212,549,205   212,549,205 
* Not an affiliate as of January 31, 2015.  
** Not an affiliate as of October 31, 2014.  

 

Note 5—investments

 

Securities lending: Certain Funds may lend their securities to qualified institutional borrowers to earn additional income. A Fund receives collateral (in the form of cash, Treasury securities or other collateral permitted by applicable law) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of loaned securities during the period of the loan; any additional collateral required due to changes in security values is delivered to the Fund the next business day. Cash collateral received by the Fund will generally be invested in high-quality short-term instruments or in one or more funds maintained by the securities lending agent (“Agent”) for the purpose of investing cash collateral. In lending its securities, a Fund bears the market risk with respect to the investment of collateral and the risk the Agent may default on its contractual obligations to the Fund. The Agent bears the risk that the borrower may default on its obligation to return the loaned securities as the Agent is contractually obligated to indemnify the Fund if at the time of a default by a borrower some or all of the loan securities have not been returned.

310

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

 

 

Equity-linked notes: Equity-linked notes are debt securities issued by banks or broker-dealers and are designed to offer a return linked to an underlying security or market index. Equity-linked notes are structured with a defined maturity date. When the note matures, the issuer will pay to, or receive from the Fund, the difference between the nominal value of the underlying instrument at the time of purchase and that instrument’s value at maturity. The Fund will record a realized gain or loss on the transaction. The note is valued daily and any change in the value of the note is reflected in net unrealized gains and losses. Investments in equity-linked notes involve the same risks associated with a direct investment in the underlying security or index that the notes seek to replicate. In addition, there is also counterparty risk associated with these investments because the Fund is relying on the creditworthiness of such counterparty and has no rights under an equity-linked note against the issuer of the underlying security.

 

Net unrealized appreciation (depreciation): At January 31, 2015, 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)		 
Enhanced Large-Cap Growth Index  $1,520,607,541   $307,313,622   $(30,692,268)  $276,621,354 
Enhanced Large-Cap Value Index   1,382,962,005    354,571,012    (23,103,178)   331,467,834 
Growth & Income   3,776,131,888    986,459,866    (53,093,851)   933,366,015 
Large-Cap Growth   2,065,073,963    687,867,105    (22,861,473)   665,005,632 
Large-Cap Value   4,480,967,325    974,053,727    (119,168,971)   854,884,756 
Mid-Cap Growth   1,550,015,570    284,801,805    (47,295,480)   237,506,325 
Mid-Cap Value   3,699,516,347    1,534,698,267    (94,312,924)   1,440,385,343 
Small-Cap Equity   2,500,659,666    422,971,096    (98,062,879)   324,908,217 
Social Choice Equity   2,050,515,273    691,275,664    (41,879,284)   649,396,380 
Emerging Markets Equity   847,255,703    111,098,154    (37,710,553)   73,387,601 
Enhanced International Equity Index   1,069,306,250    111,048,631    (52,331,671)   58,716,960 
Global Natural Resources   263,617,989    20,567,306    (15,334,326)   5,232,980 
International Equity   3,769,827,933    367,990,704    (323,903,651)   44,087,053 
International Opportunities   1,102,516,099    132,440,048    (75,693,707)   56,746,341 
Equity Index   6,336,415,070    3,099,284,845    (129,752,131)   2,969,532,714 
Large-Cap Growth Index   1,612,282,301    557,014,657    (26,648,054)   530,366,603 
Large-Cap Value Index   2,586,354,105    425,223,306    (85,858,405)   339,364,901 
S&P 500 Index   1,901,463,519    790,779,593    (66,550,265)   724,229,328 
Small-Cap Blend Index   1,463,156,626    503,184,613    (117,336,827)   385,847,786 
Emerging Markets Equity Index   1,085,150,187    118,676,523    (142,824,289)   (24,147,766)
International Equity Index   5,581,997,927    1,019,071,623    (522,794,820)   496,276,803 
Emerging Markets Debt   206,260,993    3,093,985    (7,288,958)   (4,194,973)
 

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: March 13, 2015 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: March 13, 2015 By: /s/ Robert G. Leary  
    Robert G. Leary  
    President and Principal Executive Officer
    (principal executive officer)  
       
Date: March 13, 2015 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