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: July 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)

July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 100.0%
AUTOMOBILES & COMPONENTS - 1.4%
	91,000		Delphi Automotive plc	$	7,105,280
	186,700		Goodyear Tire & Rubber Co		5,625,271
	61,151		Lear Corp		6,363,985
	8,843	*,e	Tesla Motors, Inc		2,353,564
	96,400		Thor Industries, Inc		5,386,832
			TOTAL AUTOMOBILES & COMPONENTS		26,834,932
BANKS - 0.6%
	45,816	*	Signature Bank		6,670,351
	42,500	*	SVB Financial Group		6,081,750
			TOTAL BANKS		12,752,101
CAPITAL GOODS - 6.3%
	84,303		3M Co		12,758,416
	73,700		A.O. Smith Corp		5,293,134
	30,300		Acuity Brands, Inc		6,096,057
	83,080		Allison Transmission Holdings, Inc		2,424,275
	84,100		Ametek, Inc		4,461,505
	101,907		Boeing Co		14,691,932
	84,340		BWX Technologies, Inc		2,071,390
	400		Cummins, Inc		51,812
	58,000		Danaher Corp		5,310,480
	113,900	*	HD Supply Holdings, Inc		4,077,620
	92,583		Honeywell International, Inc		9,725,844
	48,486		Hubbell, Inc (Class B)		5,062,423
	35,355		Huntington Ingalls		4,151,031
	29,458		Lockheed Martin Corp		6,100,752
	35,800	*	Middleby Corp		4,392,660
	36,271		Rockwell Automation, Inc		4,235,727
	45,793		Snap-On, Inc		7,546,686
	138,049	*	Spirit Aerosystems Holdings, Inc (Class A)		7,772,159
	49,400		Stanley Works		5,211,206
	74,200		Textron, Inc		3,242,540
	62,700		Triumph Group, Inc		3,376,395
	78,617		Westinghouse Air Brake Technologies Corp		7,955,254
			TOTAL CAPITAL GOODS		126,009,298
COMMERCIAL & PROFESSIONAL SERVICES - 0.5%
	23,400	*	IHS, Inc (Class A)		2,925,702
	188,556		Pitney Bowes, Inc		3,944,592
	41,916		Waste Connections, Inc		2,101,249
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		8,971,543

1

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

SHARES			COMPANY	VALUE
CONSUMER DURABLES & APPAREL - 2.0%
	36,400		Carter’s, Inc	$	3,691,324
	65,800	*	Garmin Ltd		2,757,678
	17,200	*,e	GoPro, Inc		1,068,120
	74,700	*	Jarden Corp		4,108,500
	79,500	*	Michael Kors Holdings Ltd		3,338,205
	178,000		Nike, Inc (Class B)		20,509,160
	27,300	*	Tempur-Pedic International, Inc		2,062,515
	65,100	*	Toll Brothers, Inc		2,533,692
			TOTAL CONSUMER DURABLES & APPAREL		40,069,194
CONSUMER SERVICES - 3.4%
	4,709	*	Chipotle Mexican Grill, Inc (Class A)		3,495,161
	268,900	*	Hilton Worldwide Holdings, Inc		7,219,965
	95,709	*	Hyatt Hotels Corp		5,343,434
	220,648		McDonald’s Corp		22,033,909
	98,700	*	Norwegian Cruise Line Holdings Ltd		6,160,854
	99,600	*	ServiceMaster Global Holdings, Inc		3,857,508
	338,572		Starbucks Corp		19,613,476
			TOTAL CONSUMER SERVICES		67,724,307
DIVERSIFIED FINANCIALS - 2.6%
	57,775		Ameriprise Financial, Inc		7,260,584
	45,100		Bank of New York Mellon Corp		1,957,340
	50,000		iShares Russell 1000 Growth Index Fund		5,101,500
	100,889		Lazard Ltd (Class A)		5,590,259
	100,307		McGraw-Hill Financial, Inc		10,206,237
	75,500		MSCI, Inc (Class A)		5,146,080
	138,300		NorthStar Asset Management Group, Inc		2,533,656
	111,400		Santander Consumer USA Holdings, Inc		2,693,652
	112,967		SEI Investments Co		6,022,271
	168,491	*	Synchrony Financial		5,789,351
			TOTAL DIVERSIFIED FINANCIALS		52,300,930
ENERGY - 1.4%
	36,500	*	Cameron International Corp		1,841,790
	78,300	*	Cheniere Energy, Inc		5,400,351
	28,334		EOG Resources, Inc		2,187,102
	138,800		Marathon Petroleum Corp		7,588,196
	83,020		Schlumberger Ltd		6,875,716
	36,800		Valero Energy Corp		2,414,080
	36,800		Williams Cos, Inc		1,931,264
			TOTAL ENERGY		28,238,499
FOOD & STAPLES RETAILING - 2.3%
	52,100		Costco Wholesale Corp		7,570,130
	230,638		CVS Corp		25,939,856
	69,312		Kroger Co		2,719,803
	96,776		Walgreens Boots Alliance, Inc		9,351,465
			TOTAL FOOD & STAPLES RETAILING		45,581,254

2

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

SHARES			COMPANY	VALUE
FOOD, BEVERAGE & TOBACCO - 7.0%
	437,658		Altria Group, Inc	$	23,799,842
	618,879		Coca-Cola Co		25,423,549
	165,986		Coca-Cola Enterprises, Inc		8,478,565
	8,588		Constellation Brands, Inc (Class A)		1,030,732
	114,939		Dr Pepper Snapple Group, Inc		9,220,407
	37,300		Ingredion, Inc		3,289,860
	11,700		Keurig Green Mountain, Inc		877,968
	135,100		Kraft Heinz Co		10,736,397
	69,500		Mead Johnson Nutrition Co		6,143,105
	82,900		Mondelez International, Inc		3,741,277
	52,670	*	Monster Beverage Corp		8,087,478
	317,072		PepsiCo, Inc		30,549,887
	81,743		Philip Morris International, Inc		6,991,479
			TOTAL FOOD, BEVERAGE & TOBACCO		138,370,546
HEALTH CARE EQUIPMENT & SERVICES - 6.6%
	34,700		Aetna Inc		3,920,059
	88,900		AmerisourceBergen Corp		9,401,175
	25,805		Bard (C.R.), Inc		5,074,553
	17,600		Baxter International, Inc		705,408
	59,538		Becton Dickinson & Co		9,058,707
	103,850		Cardinal Health, Inc		8,825,173
	80,200	*	Centene Corp		5,624,426
	84,100	*	Cerner Corp		6,031,652
	49,200		Cigna Corp		7,087,752
	62,700		Dentsply International, Inc		3,568,257
	56,955	*	Edwards Lifesciences Corp		8,666,273
	152,300	*	Express Scripts Holding Co		13,717,661
	31,900	*	HCA Holdings, Inc		2,967,019
	62,900	*	Health Net, Inc		4,205,494
	91,700	*	Hologic, Inc		3,820,222
	9,800	*	Intuitive Surgical, Inc		5,225,066
	38,478		McKesson Corp		8,487,092
	198,500		UnitedHealth Group, Inc		24,097,900
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		130,483,889
HOUSEHOLD & PERSONAL PRODUCTS - 0.9%
	90,916		Colgate-Palmolive Co		6,184,106
	130,900		Coty, Inc		3,498,957
	69,771		Estee Lauder Cos (Class A)		6,217,294
	19,700		Spectrum Brands, Inc		2,087,215
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		17,987,572
INSURANCE - 0.2%
	3,700	*	Markel Corp		3,292,075
			TOTAL INSURANCE		3,292,075
MATERIALS - 2.6%
	31,700		Ashland, Inc		3,623,944
	585		Ball Corp		39,686
	120,903	*	Crown Holdings, Inc		6,227,714
	50,400		Dow Chemical Co		2,371,824

3

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

SHARES			COMPANY	VALUE
	78,855		Du Pont (E.I.) de Nemours & Co	$	4,396,955
	14,900		Eastman Chemical Co		1,168,160
	17,200		Ecolab, Inc		1,991,932
	209,913		Graphic Packaging Holding Co		3,169,686
	102,600		International Paper Co		4,911,462
	117,464		LyondellBasell Industries AF S.C.A		11,021,647
	40,800		Monsanto Co		4,157,112
	11,560		PPG Industries, Inc		1,252,873
	7,100		Praxair, Inc		810,394
	121,700		Sealed Air Corp		6,470,789
			TOTAL MATERIALS		51,614,178
MEDIA - 5.2%
	46,000	*	AMC Networks, Inc		3,874,120
	495,488		Comcast Corp (Class A)		30,923,406
	82,200	*	Discovery Communications, Inc (Class C)		2,490,660
	71,681	*	DISH Network Corp (Class A)		4,631,309
	101,300		Lions Gate Entertainment Corp		3,968,934
	1,933,400	*	Sirius XM Holdings, Inc		7,656,264
	89,600	*	Starz-Liberty Capital		3,624,320
	23,300		Time Warner Cable, Inc		4,427,233
	96,900		Twenty-First Century Fox, Inc		3,342,081
	136,302		Viacom, Inc (Class B)		7,769,214
	255,636		Walt Disney Co		30,676,320
			TOTAL MEDIA		103,383,861
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 13.7%
	236,331		AbbVie, Inc		16,545,533
	44,410	*	Alexion Pharmaceuticals, Inc		8,768,310
	25,651	*	Alkermes plc		1,796,083
	54,462	*	Allergan plc		18,035,091
	146,682		Amgen, Inc		25,902,574
	131,600	*	Baxalta, Inc		4,320,428
	42,538	*	Biogen Idec, Inc		13,560,264
	37,100	*	BioMarin Pharmaceuticals, Inc		5,426,617
	253,429		Bristol-Myers Squibb Co		16,635,080
	111,500	*	Bruker BioSciences Corp		2,347,075
	123,035	*	Celgene Corp		16,148,344
	221,400		Eli Lilly & Co		18,710,514
	47,100	*	Endo International plc		4,123,134
	294,779		Gilead Sciences, Inc		34,742,653
	24,185	*	Illumina, Inc		5,303,771
	29,400	*	Incyte Corp		3,065,832
	11,600	*	Jazz Pharmaceuticals plc		2,229,984
	119,000		Johnson & Johnson		11,924,990
	31,000	*,e	Juno Therapeutics, Inc		1,516,520
	28,100	*	Mallinckrodt plc		3,483,276
	26,200	*	Medivation, Inc		2,759,646
	159,500		Merck & Co, Inc		9,404,120
	39,463	*	Mylan NV		2,209,533
	52,200	*	PerkinElmer, Inc		2,762,424
	29,000		Perrigo Co plc		5,573,800

4

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

SHARES			COMPANY	VALUE
	79,300	*	Quintiles Transnational Holdings, Inc	$	6,083,896
	8,700	*	Regeneron Pharmaceuticals, Inc		4,816,842
	22,600	*	United Therapeutics Corp		3,827,536
	42,400	*	Vertex Pharmaceuticals, Inc		5,724,000
	57,800	*	Waters Corp		7,715,722
	125,200		Zoetis Inc		6,132,296
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		271,595,888
REAL ESTATE - 2.6%
	172,950	*	CBRE Group, Inc		6,566,912
	108,600		Crown Castle International Corp		8,895,426
	72,700		Equity Lifestyle Properties, Inc		4,207,876
	60,300		Extra Space Storage, Inc		4,433,256
	37,250		Jones Lang LaSalle, Inc		6,631,990
	68,900		Lamar Advertising Co		4,137,445
	18,200		Public Storage, Inc		3,734,276
	65,400	*	Realogy Holdings Corp		2,977,008
	49,147		Simon Property Group, Inc		9,201,301
			TOTAL REAL ESTATE		50,785,490
RETAILING - 8.0%
	61,253	*	Amazon.com, Inc		32,840,796
	52,000	*	Bed Bath & Beyond, Inc		3,391,960
	68,500		Best Buy Co, Inc		2,211,865
	106,700		Dollar General Corp		8,575,479
	15,798	*	Dollar Tree, Inc		1,232,718
	77,600		Expedia, Inc		9,423,744
	69,500		GNC Holdings, Inc		3,420,095
	484,300	*	Groupon, Inc		2,334,326
	191,146		Home Depot, Inc		22,369,816
	29,400		L Brands, Inc		2,373,168
	150,000	*	Liberty Interactive Corp		4,357,500
	423	*	Liberty Ventures		17,546
	234,686		Lowe’s Companies, Inc		16,277,821
	22,142		Macy’s, Inc		1,529,127
	47,488	*	NetFlix, Inc		5,428,353
	2,981	*	O’Reilly Automotive, Inc		716,364
	57,700		Penske Auto Group, Inc		3,115,800
	11,310	*	Priceline.com, Inc		14,064,777
	133,010		Ross Stores, Inc		7,070,812
	37,000		Target Corp		3,028,450
	148,714		TJX Companies, Inc		10,383,211
	13,600		Tractor Supply Co		1,258,272
	21,900	*	TripAdvisor, Inc		1,738,422
	10,100	*	Ulta Salon Cosmetics & Fragrance, Inc		1,676,903
			TOTAL RETAILING		158,837,325
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.2%
	30,900		Avago Technologies Ltd		3,866,826
	139,500		Intel Corp		4,038,525
	39,125		Lam Research Corp		3,007,539
	194,300		Marvell Technology Group Ltd		2,417,092

5

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

SHARES			COMPANY	VALUE
	51,400	*	Qorvo, Inc	$	2,978,630
	83,938		Texas Instruments, Inc		4,195,221
	81,700		Xilinx, Inc		3,410,975
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		23,914,808
	SOFTWARE & SERVICES - 17.9%
	154,215		Accenture plc		15,901,109
	153,000		Activision Blizzard, Inc		3,945,870
	126,100	*	Adobe Systems, Inc		10,338,939
	10,500		Automatic Data Processing, Inc		837,585
	55,000		CDK Global, Inc		2,840,200
	77,903	*	Citrix Systems, Inc		5,890,246
	71,200	*	Cognizant Technology Solutions Corp (Class A)		4,492,720
	26,925		Computer Sciences Corp		1,761,703
	270,811	*	eBay, Inc		7,615,205
	95,707	*	Electronic Arts, Inc		6,847,836
	420,666	*	Facebook, Inc		39,546,811
	68,500	*	First American Corp		2,701,640
	27,409	*	FleetCor Technologies, Inc		4,243,462
	80,300	*	Fortinet, Inc		3,833,522
	59,939	*	Google, Inc		37,498,438
	53,342	*	Google, Inc (Class A)		35,072,365
	72,928		International Business Machines Corp		11,813,607
	102,200		Intuit, Inc		10,809,694
	10,562	*	LinkedIn Corp		2,146,832
	134,700		Mastercard, Inc (Class A)		13,119,780
	914,655		Microsoft Corp		42,714,388
	283,076		Oracle Corp		11,306,055
	270,811	*	PayPal Holdings, Inc		10,480,386
	74,421	*	PTC, Inc		2,705,203
	63,900	*	Rackspace Hosting, Inc		2,174,517
	67,000	*	Red Hat, Inc		5,298,360
	89,083	*	Salesforce.com, Inc		6,529,784
	39,700	*	ServiceNow, Inc		3,195,850
	25,200	*	Tableau Software, Inc		2,639,448
	50,666	*,e	Teradata Corp		1,880,215
	60,100	*	Twitter, Inc		1,863,701
	145,500	*	Vantiv, Inc		6,402,000
	393,184		Visa, Inc (Class A)		29,622,482
	64,814	*	VMware, Inc (Class A)		5,776,872
	24,600	*	WEX, Inc		2,510,184
			TOTAL SOFTWARE & SERVICES		356,357,009
	TECHNOLOGY HARDWARE & EQUIPMENT - 7.9%
	1,055,802		Apple, Inc		128,068,783
	95,200		CDW Corp		3,420,536
	199,300		EMC Corp		5,359,177
	37,632	*	F5 Networks, Inc		5,047,956
	193,300		Juniper Networks, Inc		5,493,586
	95,400	*	Keysight Technologies, Inc		2,913,516
	25,800	*	Palo Alto Networks, Inc		4,794,414
	42,164		Qualcomm, Inc		2,714,940
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		157,812,908

6

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

SHARES			COMPANY	VALUE
TELECOMMUNICATION SERVICES - 2.4%
	266,044		AT&T, Inc	$	9,242,354
	87,300	*	Level 3 Communications, Inc		4,408,650
	41,100	*	SBA Communications Corp (Class A)		4,961,592
	638,229		Verizon Communications, Inc		29,862,735
			TOTAL TELECOMMUNICATION SERVICES		48,475,331
TRANSPORTATION - 3.2%
	26,100		American Airlines Group, Inc		1,046,610
	81,100	*	Avis Budget Group, Inc		3,522,173
	72,091		CH Robinson Worldwide, Inc		5,057,183
	200,108		Delta Air Lines, Inc		8,872,789
	128,100		Expeditors International of Washington, Inc		6,004,047
	203,900	*	Hertz Global Holdings, Inc		3,464,261
	156,600	*	JetBlue Airways Corp		3,598,668
	185,300		Southwest Airlines Co		6,707,860
	105,691		Union Pacific Corp		10,314,385
	153,800	*	United Continental Holdings, Inc		8,672,782
	62,161		United Parcel Service, Inc (Class B)		6,362,800
			TOTAL TRANSPORTATION		63,623,558
UTILITIES - 0.1%
	49,000		TerraForm Power, Inc		1,477,840
			TOTAL UTILITIES		1,477,840
			TOTAL COMMON STOCKS		1,986,494,336
			(Cost $1,605,562,790)
SHORT-TERM INVESTMENTS - 0.3%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3%
	6,833,141	c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust		6,833,141
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		6,833,141
			TOTAL SHORT-TERM INVESTMENTS		6,833,141
			(Cost $6,833,141)
			TOTAL INVESTMENTS - 100.3%		1,993,327,477
			(Cost $1,612,395,931)
			OTHER ASSETS & LIABILITIES, NET - (0.3)%		(5,634,497	)
			NET ASSETS - 100.0%	$	1,987,692,980

*	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 $6,750,071.

7

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

TIAA-CREF FUNDS

ENHANCED LARGE-CAP VALUE INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.6%
AUTOMOBILES & COMPONENTS - 0.9%
	257,724		Ford Motor Co	$	3,822,047
	107,224		General Motors Co		3,378,628
	93,900		Goodyear Tire & Rubber Co		2,829,207
	91,000		Johnson Controls, Inc		4,145,960
	31,390		Lear Corp		3,266,758
			TOTAL AUTOMOBILES & COMPONENTS		17,442,600
BANKS - 11.8%
	93,800		Associated Banc-Corp		1,848,798
	1,444,424		Bank of America Corp		25,826,301
	13,000		Bank of Hawaii Corp		877,110
	30,000		BankUnited		1,095,600
	82,750		BB&T Corp		3,332,343
	5,000	e	BOK Financial Corp		332,300
	487,224		Citigroup, Inc		28,483,115
	55,000		Citizens Financial Group, Inc		1,433,850
	31,500		Comerica, Inc		1,494,045
	10,000		Cullen/Frost Bankers, Inc		724,500
	128,339		East West Bancorp, Inc		5,744,454
	57,000		Fifth Third Bancorp		1,200,990
	218,900		First Horizon National Corp		3,469,565
	69,000		First Republic Bank		4,401,510
	95,000		Hudson City Bancorp, Inc		979,450
	388,000		Huntington Bancshares, Inc		4,527,960
	647,500		JPMorgan Chase & Co		44,373,175
	150,000		Keycorp		2,226,000
	30,000	e	New York Community Bancorp, Inc		570,900
	57,000		PacWest Bancorp		2,638,530
	72,424		PNC Financial Services Group, Inc		7,110,588
	19,300	*	Signature Bank		2,809,887
	155,000		SunTrust Banks, Inc		6,872,700
	36,000	*,p	SVB Financial Group		5,151,600
	113,900		Synovus Financial Corp		3,590,128
	114,224		US Bancorp		5,164,067
	961,000		Wells Fargo & Co		55,613,070
	96,800		Zions Bancorporation		3,019,192
			TOTAL BANKS		224,911,728
CAPITAL GOODS - 6.6%
	26,800		A.O. Smith Corp		1,924,776
	173,890	*	Aecom Technology Corp		5,361,029
	13,800		AGCO Corp		759,138
	31,800		Allegion plc		2,010,396
	69,900		BWX Technologies, Inc		1,716,744

8

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

SHARES			COMPANY	VALUE
	26,800		Carlisle Cos, Inc	$	2,713,768
	17,224		Caterpillar, Inc		1,354,323
	49,000	e,p	Chicago Bridge & Iron Co NV		2,603,860
	43,900	p	Cummins, Inc		5,686,367
	22,424		Danaher Corp		2,053,141
	19,700		Dover Corp		1,262,179
	106,800		Eaton Corp		6,469,944
	12,400		Fluor Corp		579,700
	39,000		General Dynamics Corp		5,815,290
	1,444,224		General Electric Co		37,694,246
	23,800		Huntington Ingalls		2,794,358
	16,000		Ingersoll-Rand plc		982,400
	6,000		L-3 Communications Holdings, Inc		692,760
	8,300		Lockheed Martin Corp		1,718,930
	50,000		Northrop Grumman Corp		8,650,500
	36,800		Orbital ATK, Inc		2,610,960
	39,000		Oshkosh Truck Corp		1,425,060
	61,890		Owens Corning, Inc		2,775,766
	10,724		Precision Castparts Corp		2,090,322
	21,900		Rockwell Collins, Inc		1,853,178
	20,950		Roper Industries, Inc		3,504,307
	18,800		Snap-On, Inc		3,098,240
	50,000		Stanley Works		5,274,500
	38,000		Textron, Inc		1,660,600
	42,500		Triumph Group, Inc		2,288,625
	53,057		United Technologies Corp		5,322,148
	12,000		Xylem, Inc		414,360
			TOTAL CAPITAL GOODS		125,161,915
COMMERCIAL & PROFESSIONAL SERVICES - 0.6%
	11,300		Dun & Bradstreet Corp		1,409,901
	15,000		Equifax, Inc		1,531,950
	2,224	*	IHS, Inc (Class A)		278,067
	35,400		Manpower, Inc		3,202,992
	7,000		Nielsen Holdings NV		339,220
	123,800	e	R.R. Donnelley & Sons Co		2,172,690
	42,820		Republic Services, Inc		1,821,134
	12,500		Waste Connections, Inc		626,625
	17,224		Waste Management, Inc		880,663
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		12,263,242
CONSUMER DURABLES & APPAREL - 1.8%
	60,000	*,e,p	GoPro, Inc		3,726,000
	243,900		Hanesbrands, Inc		7,568,217
	34,800	p	Harman International Industries, Inc		3,746,568
	101,890	*	Jarden Corp		5,603,950
	60,000		Mattel, Inc		1,392,600
	45,000	*	Michael Kors Holdings Ltd		1,889,550
	3,300	*	Mohawk Industries, Inc		665,247
	23,800		Newell Rubbermaid, Inc		1,030,064
	14,750		Phillips-Van Heusen Corp		1,711,590
	6,900		Ralph Lauren Corp		868,641

9

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

SHARES			COMPANY	VALUE
	133,800	*	Taylor Morrison Home Corp	$	2,575,650
	69,800	*	Toll Brothers, Inc		2,716,616
	2,400		Whirlpool Corp		426,552
			TOTAL CONSUMER DURABLES & APPAREL		33,921,245
CONSUMER SERVICES - 0.4%
	37,724		Carnival Corp		2,010,312
	17,800		Darden Restaurants, Inc		1,312,928
	10,500	*	MGM Resorts International		206,010
	46,800	*	Norwegian Cruise Line Holdings Ltd		2,921,256
	7,724		Royal Caribbean Cruises Ltd		694,001
	193,000		Sands China Ltd		851,762
			TOTAL CONSUMER SERVICES		7,996,269
DIVERSIFIED FINANCIALS - 7.6%
	57,000	*	Ally Financial, Inc		1,297,890
	97,500		American Express Co		7,415,850
	21,224		Bank of New York Mellon Corp		921,122
	4,924		BlackRock, Inc		1,656,040
	118,890		Capital One Financial Corp		9,665,757
	59,224		Charles Schwab Corp		2,065,733
	32,400		Discover Financial Services		1,808,244
	51,500	*	E*TRADE Financial Corp		1,463,630
	47,500		Franklin Resources, Inc		2,163,625
	84,800		Goldman Sachs Group, Inc		17,389,936
	500		IntercontinentalExchange Group, Inc		114,020
	17,224		Invesco Ltd		664,846
	66,300	p	Lazard Ltd (Class A)		3,673,683
	300		McGraw-Hill Financial, Inc		30,525
	339,000		Morgan Stanley		13,166,760
	63,000		Northern Trust Corp		4,818,870
	268,000		PowerShares QQQ Trust Series		30,002,600
	168,000		Santander Consumer USA Holdings, Inc		4,062,240
	50,000		SEI Investments Co		2,665,500
	42,400	e	SPDR Dow Jones Industrial Average ETF Trust		7,491,232
	83,000	e	SPDR Trust Series 1		17,471,500
	21,000	*	Springleaf Holdings, Inc		1,060,710
	64,750		State Street Corp		4,957,260
	76,800	*	Synchrony Financial		2,638,848
	6,000		TD Ameritrade Holding Corp		220,380
	100,100		Voya Financial, Inc		4,699,695
			TOTAL DIVERSIFIED FINANCIALS		143,586,496
ENERGY - 12.6%
	89,250		Anadarko Petroleum Corp		6,635,737
	45,000		Apache Corp		2,063,700
	140,890		Baker Hughes, Inc		8,192,753
	93,000	*	Cameron International Corp		4,692,780
	41,750	*	Cheniere Energy, Inc		2,879,498
	267,724		Chevron Corp		23,688,220
	43,800		Cimarex Energy Co		4,560,456
	65,400	*	Cobalt International Energy, Inc		504,234

10

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

SHARES			COMPANY	VALUE
	92,800		Columbia Pipeline Group, Inc	$	2,707,904
	21,300	*	Concho Resources, Inc		2,269,728
	165,750		ConocoPhillips		8,343,855
	10,800	*	Continental Resources, Inc		360,828
	145,500	*,p	Devon Energy Corp		7,190,610
	11,300	*	Diamondback Energy, Inc		760,490
	6,600	*	Dril-Quip, Inc		385,506
	13,000		Energen Corp		717,600
	163,000	p	EOG Resources, Inc		12,581,970
	52,400		EQT Corp		4,026,940
	547,724		Exxon Mobil Corp		43,385,218
	14,500	*	FMC Technologies, Inc		475,020
	183,000		Frank’s International NV		2,962,770
	137,500		Halliburton Co		5,746,125
	5,000	e	Helmerich & Payne, Inc		288,700
	106,800		Hess Corp		6,302,268
	10,000		HollyFrontier Corp		482,600
	266,000		Kinder Morgan, Inc		9,214,240
	28,000	*	Kosmos Energy LLC		201,600
	21,800	*,e	Laredo Petroleum Holdings, Inc		186,826
	254,000		Marathon Oil Corp		5,336,540
	157,000		Marathon Petroleum Corp		8,583,190
	13,800		Murphy Oil Corp		452,502
	213,800	p	Nabors Industries Ltd		2,482,218
	7,500		National Oilwell Varco, Inc		315,975
	46,500		Noble Energy, Inc		1,638,195
	85,724		Occidental Petroleum Corp		6,017,825
	118,800		Phillips 66		9,444,600
	26,380		Pioneer Natural Resources Co		3,344,193
	13,000	*	Rice Energy, Inc		234,650
	9,000	e	RPC, Inc		110,700
	184,425		Schlumberger Ltd		15,274,078
	68,000	*	Southwestern Energy Co		1,264,800
	40,600		Spectra Energy Corp		1,228,556
	198,000		Superior Energy Services		3,366,000
	57,500	p	Tesoro Corp		5,597,050
	147,500		Valero Energy Corp		9,676,000
	27,400	*	Weatherford International Ltd		292,632
	130,300	*	Whiting Petroleum Corp		2,669,847
			TOTAL ENERGY		239,137,727
FOOD & STAPLES RETAILING - 1.5%
	13,300		Costco Wholesale Corp		1,932,490
	44,500		CVS Corp		5,004,915
	71,800	*	Rite Aid Corp		639,738
	84,200		Walgreens Boots Alliance, Inc		8,136,246
	164,224		Wal-Mart Stores, Inc		11,820,844
	5,500		Whole Foods Market, Inc		200,200
			TOTAL FOOD & STAPLES RETAILING		27,734,433
FOOD, BEVERAGE & TOBACCO - 3.0%
	95,000		Altria Group, Inc		5,166,100

11

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

SHARES			COMPANY	VALUE
	178,990		Archer Daniels Midland Co	$	8,487,706
	2,000		Campbell Soup Co		98,620
	47,000		Constellation Brands, Inc (Class A)		5,640,940
	113,900	*	Diamond Foods, Inc		3,680,109
	197,224		Mondelez International, Inc		8,900,719
	25,400	*	Monster Beverage Corp		3,900,170
	71,224		Philip Morris International, Inc		6,091,789
	11,000	e	Pilgrim’s Pride Corp		238,040
	10,300		Pinnacle Foods, Inc		462,985
	36,800		Reynolds American, Inc		3,157,072
	131,890		Tyson Foods, Inc (Class A)		5,849,321
	91,800	*	WhiteWave Foods Co (Class A)		4,738,716
			TOTAL FOOD, BEVERAGE & TOBACCO		56,412,287
HEALTH CARE EQUIPMENT & SERVICES - 5.4%
	318,198		Abbott Laboratories		16,129,457
	66,380		Aetna Inc		7,498,949
	61,300		Anthem, Inc		9,456,751
	20,000		Baxter International, Inc		801,600
	6,300		Becton Dickinson & Co		958,545
	373,390	*	Boston Scientific Corp		6,474,583
	14,000	*	Brookdale Senior Living, Inc		463,820
	38,900		Cardinal Health, Inc		3,305,722
	19,300		Cigna Corp		2,780,358
	9,475	*	DaVita, Inc		748,809
	20,800	*	Express Scripts Holding Co		1,873,456
	91,800	*	HCA Holdings, Inc		8,538,318
	83,189	*	Health Net, Inc		5,562,016
	88,000	*	Hologic, Inc		3,666,080
	21,800		Humana, Inc		3,969,562
	251,000		Medtronic plc		19,675,890
	16,800		Patterson Cos, Inc		842,688
	22,224		St. Jude Medical, Inc		1,640,576
	8,724		Stryker Corp		892,203
	8,550		UnitedHealth Group, Inc		1,037,970
	32,680		Universal Health Services, Inc (Class B)		4,746,116
	8,000		Zimmer Holdings, Inc		832,560
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		101,896,029
HOUSEHOLD & PERSONAL PRODUCTS - 1.7%
	21,800		Church & Dwight Co, Inc		1,881,994
	29,000		Clorox Co		3,246,260
	10,890		Edgewell Personal Care Co		1,042,282
	10,890	*	Energizer Holdings, Inc		419,374
	1,900	*,e	Herbalife Ltd		95,931
	8,000		Nu Skin Enterprises, Inc (Class A)		317,200
	324,224		Procter & Gamble Co		24,867,981
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		31,871,022
INSURANCE - 6.1%
	10,000		ACE Ltd		1,087,700
	22,000		Allied World Assurance Co Holdings Ltd		929,720

12

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

SHARES			COMPANY	VALUE
	138,189		Allstate Corp	$	9,528,132
	38,300		American Financial Group, Inc		2,640,785
	157,224		American International Group, Inc		10,081,203
	6,200		Amtrust Financial Services, Inc		430,962
	11,100		Arthur J. Gallagher & Co		526,473
	16,300		Aspen Insurance Holdings Ltd		783,867
	60,000		Assured Guaranty Ltd		1,467,600
	68,000		Axis Capital Holdings Ltd		3,914,080
	202,724	*	Berkshire Hathaway, Inc (Class B)		28,936,824
	28,000		Endurance Specialty Holdings Ltd		1,945,720
	33,138		Everest Re Group Ltd		6,068,231
	30,000		FNF Group		1,172,700
	133,900		Hartford Financial Services Group, Inc		6,366,945
	125,400		Lincoln National Corp		7,062,528
	19,700		Marsh & McLennan Cos, Inc		1,141,418
	35,000		Metlife, Inc		1,950,900
	25,000		Old Republic International Corp		418,250
	21,839		PartnerRe Ltd		2,969,230
	100,500		Prudential Financial, Inc		8,880,180
	39,800		Reinsurance Group of America, Inc (Class A)		3,841,496
	13,446		Torchmark Corp		828,408
	12,224		Travelers Cos, Inc		1,297,211
	44,224		UnumProvident Corp		1,584,988
	71,800		Validus Holdings Ltd		3,327,930
	17,224		W.R. Berkley Corp		959,721
	128,900		XL Capital Ltd		4,900,778
			TOTAL INSURANCE		115,043,980
MATERIALS - 3.1%
	6,680		Air Products & Chemicals, Inc		951,967
	5,200		Albemarle Corp		281,840
	3,500		Ashland, Inc		400,120
	55,000		Celanese Corp (Series A)		3,625,600
	103,000	p	CF Industries Holdings, Inc		6,097,600
	225,400	e	Cliffs Natural Resources, Inc		568,008
	13,800	*	Crown Holdings, Inc		710,838
	56,700		Domtar Corp		2,305,422
	216,800		Dow Chemical Co		10,202,608
	74,000		Du Pont (E.I.) de Nemours & Co		4,126,240
	55,000		Eastman Chemical Co		4,312,000
	50,000		LyondellBasell Industries AF S.C.A		4,691,500
	9,900		Martin Marietta Materials, Inc		1,552,518
	42,500		Newmont Mining Corp		729,725
	25,750		Packaging Corp of America		1,822,842
	18,000	*	Platform Specialty Products Corp		418,860
	26,800		PPG Industries, Inc		2,904,584
	39,900		Reliance Steel & Aluminum Co		2,417,940
	13,100	e	Southern Copper Corp (NY)		364,966
	131,000		Steel Dynamics, Inc		2,623,930
	20,800		Vulcan Materials Co		1,893,216
	66,900		Westlake Chemical Corp		4,179,243
	41,500	*	WestRock Co		2,616,990
			TOTAL MATERIALS		59,798,557

13

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

SHARES			COMPANY	VALUE
MEDIA - 1.6%
	30,900		Cablevision Systems Corp (Class A)	$	871,998
	108,900		Comcast Corp (Class A)		6,796,449
	6,900		Comcast Corp (Special Class A)		430,146
	40,890	*	DISH Network Corp (Class A)		2,641,903
	90,000		Interpublic Group of Cos, Inc		1,917,000
	490,000	*	Sirius XM Holdings, Inc		1,940,400
	69,900	*	Starz-Liberty Capital		2,827,455
	133,180		TEGNA, Inc		3,879,533
	40,224		Time Warner, Inc		3,541,321
	39,989		Walt Disney Co		4,798,680
			TOTAL MEDIA		29,644,885
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.3%
	48,900	*	Allergan plc		16,193,235
	13,390	*	Alnylam Pharmaceuticals, Inc		1,706,288
	16,000		Amgen, Inc		2,825,440
	14,700	*,p	Biogen Idec, Inc		4,686,066
	54,000	*,p	Celgene Corp		7,087,500
	22,424		Eli Lilly & Co		1,895,052
	20,750	*	Endo International plc		1,816,455
	46,800	p	Gilead Sciences, Inc		5,515,848
	322,424		Johnson & Johnson		32,310,109
	36,000	*	Mallinckrodt plc		4,462,560
	344,224		Merck & Co, Inc		20,295,447
	11,300	*	Mylan NV		632,687
	17,500	*	PerkinElmer, Inc		926,100
	46,400	p	Perrigo Co plc		8,918,080
	1,071,000		Pfizer, Inc		38,620,260
	73,000		Thermo Electron Corp		10,185,690
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		158,076,817
REAL ESTATE - 4.4%
	33,000		Alexandria Real Estate Equities, Inc		3,059,430
	26,680		Apartment Investment & Management Co (Class A)		1,042,654
	2,224		AvalonBay Communities, Inc		383,284
	16,600		Boston Properties, Inc		2,046,448
	71,300		Corrections Corp of America		2,507,621
	61,000		Duke Realty Corp		1,230,370
	51,000		Equity Lifestyle Properties, Inc		2,951,880
	89,000		Equity Residential		6,658,090
	23,600		Essex Property Trust, Inc		5,307,876
	66,000		Extra Space Storage, Inc		4,852,320
	20,500		Federal Realty Investment Trust		2,804,195
	169,800		General Growth Properties, Inc		4,608,372
	60,150		Health Care REIT, Inc		4,172,605
	25,750		Jones Lang LaSalle, Inc		4,584,530
	55,000		Kilroy Realty Corp		3,896,750
	54,724		Kimco Realty Corp		1,352,230
	16,800		Macerich Co		1,329,888

14

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

SHARES			COMPANY	VALUE
	50,000		National Retail Properties, Inc	$	1,858,500
	21,424		Prologis, Inc		870,029
	24,750		Public Storage, Inc		5,078,205
	45,750		Regency Centers Corp		2,926,628
	15,000		Simon Property Group, Inc		2,808,300
	33,900		SL Green Realty Corp		3,903,246
	80,000		Starwood Property Trust, Inc		1,740,800
	5,900		Taubman Centers, Inc		441,320
	85,300		Ventas, Inc		5,722,777
	38,000		Vornado Realty Trust		3,706,900
	27,500		Weyerhaeuser Co		843,975
			TOTAL REAL ESTATE		82,689,223
RETAILING - 2.4%
	27,750		Aaron’s, Inc		1,026,195
	15,400	*	Bed Bath & Beyond, Inc		1,004,542
	280,000		Best Buy Co, Inc		9,041,200
	30,800		Dillard’s, Inc (Class A)		3,137,904
	23,900		Expedia, Inc		2,902,416
	3,100		Foot Locker, Inc		218,705
	157,750	e	GameStop Corp (Class A)		7,232,837
	63,800		Kohl’s Corp		3,912,216
	43,380		Macy’s, Inc		2,995,823
	118,800		Staples, Inc		1,747,548
	147,500		Target Corp		12,072,875
			TOTAL RETAILING		45,292,261
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.8%
	4,800		Analog Devices, Inc		279,984
	39,500		Applied Materials, Inc		685,720
	52,500	p	Avago Technologies Ltd		6,569,850
	163,000		Broadcom Corp (Class A)		8,249,430
	597,000		Intel Corp		17,283,150
	55,000	p	Lam Research Corp		4,227,850
	406,390	*	Micron Technology, Inc		7,522,279
	93,500		Nvidia Corp		1,865,325
	275,400	*	ON Semiconductor Corp		2,924,748
	85,400	*,e	SunEdison, Inc		1,988,112
	88,000		Teradyne, Inc		1,694,880
	17,750		Xilinx, Inc		741,062
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		54,032,390
SOFTWARE & SERVICES - 4.0%
	198,190		Activision Blizzard, Inc		5,111,320
	66,000	*	Akamai Technologies, Inc		5,062,860
	60,000		Amdocs Ltd		3,519,000
	24,000		CA, Inc		699,240
	65,400		Computer Sciences Corp		4,279,122
	2,000		DST Systems, Inc		218,300
	10,400	*	Electronic Arts, Inc		744,120
	49,124		International Business Machines Corp		7,957,597
	477,224		Microsoft Corp		22,286,361

15

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

SHARES			COMPANY	VALUE
	173,100		Oracle Corp	$	6,913,614
	24,000		Symantec Corp		545,760
	25,400	*	Synopsys, Inc		1,291,336
	43,390	*	VMware, Inc (Class A)		3,867,351
	80,000	*	Workday, Inc		6,746,400
	165,724	*	Yahoo!, Inc		6,077,099
			TOTAL SOFTWARE & SERVICES		75,319,480
TECHNOLOGY HARDWARE & EQUIPMENT - 4.7%
	50,000	*	ARRIS Group, Inc		1,546,000
	50,000	*	Arrow Electronics, Inc		2,907,500
	69,800		Avnet, Inc		2,912,754
	431,890		Brocade Communications Systems, Inc		4,431,191
	54,000		CDW Corp		1,940,220
	767,224		Cisco Systems, Inc		21,804,506
	10,800	*	CommScope Holding Co, Inc		338,796
	148,600		Corning, Inc		2,775,848
	46,800	*	EchoStar Corp (Class A)		2,172,456
	131,750		EMC Corp		3,542,757
	17,540		Harris Corp		1,454,768
	415,400		Hewlett-Packard Co		12,678,008
	166,000		Jabil Circuit, Inc		3,361,500
	57,575		Juniper Networks, Inc		1,636,282
	65,750		Lexmark International, Inc (Class A)		2,234,843
	100,800	*	NCR Corp		2,776,032
	167,224		Qualcomm, Inc		10,767,553
	22,400		SanDisk Corp		1,350,496
	93,000		Western Digital Corp		8,003,580
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		88,635,090
TELECOMMUNICATION SERVICES - 2.1%
	567,724		AT&T, Inc		19,722,732
	40,000		CenturyTel, Inc		1,144,000
	136,313	*	Level 3 Communications, Inc		6,883,806
	11,500	*	SBA Communications Corp (Class A)		1,388,280
	54,000		Telephone & Data Systems, Inc		1,588,140
	47,500	*	T-Mobile US, Inc		1,931,350
	151,000		Verizon Communications, Inc		7,065,290
			TOTAL TELECOMMUNICATION SERVICES		39,723,598
TRANSPORTATION - 1.5%
	26,898		Alaska Air Group, Inc		2,037,523
	189,000		CSX Corp		5,911,920
	63,900		Delta Air Lines, Inc		2,833,326
	54,000		FedEx Corp		9,256,680
	45,000	*	JetBlue Airways Corp		1,034,100
	12,300		Macquarie Infrastructure Co LLC		1,044,639
	9,000		Norfolk Southern Corp		758,970
	9,800		Ryder System, Inc		887,096
	55,754		Union Pacific Corp		5,441,033
			TOTAL TRANSPORTATION		29,205,287

16

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

SHARES			COMPANY	VALUE
UTILITIES - 4.7%
	268,000		AES Corp	$	3,430,400
	20,300		Alliant Energy Corp		1,248,653
	136,000		American Electric Power Co, Inc		7,693,520
	68,000		American Water Works Co, Inc		3,529,880
	7,750		Atmos Energy Corp		428,575
	103,800		CMS Energy Corp		3,556,188
	37,224		Consolidated Edison, Inc		2,367,074
	27,224		Dominion Resources, Inc		1,951,961
	7,750		DTE Energy Co		623,565
	22,224		Duke Energy Corp		1,649,465
	28,000	*	Dynegy, Inc		729,400
	118,900		Edison International		7,135,189
	5,200		Entergy Corp		369,304
	55,555		Eversource Energy		2,762,195
	67,224		Exelon Corp		2,157,218
	133,800		FirstEnergy Corp		4,543,848
	95,400		NextEra Energy, Inc		10,036,080
	60,000		NiSource, Inc		1,047,600
	67,500		PG&E Corp		3,544,425
	20,000		Pinnacle West Capital Corp		1,234,200
	43,224		PPL Corp		1,374,955
	136,000		Public Service Enterprise Group, Inc		5,667,120
	60,300		Sempra Energy		6,137,334
	34,200		Southern Co		1,529,766
	8,800		TerraForm Power, Inc		265,408
	108,000		UGI Corp		3,946,320
	55,700	*	WEC Energy Group, Inc		2,729,300
	25,000		Westar Energy, Inc		941,250
	169,989		Xcel Energy, Inc		5,893,519
			TOTAL UTILITIES		88,523,712
			TOTAL COMMON STOCKS		1,888,320,273
			(Cost $1,569,948,186)
SHORT-TERM INVESTMENTS - 1.8%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.8%
	34,965,863	c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust		34,965,863
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		34,965,863
			TOTAL SHORT-TERM INVESTMENTS		34,965,863
			(Cost $34,965,863)
			TOTAL INVESTMENTS - 101.4%		1,923,286,136
			(Cost $1,604,914,049)
			OTHER ASSETS & LIABILITIES, NET - (1.4)%		(26,449,239	)
			NET ASSETS - 100.0%	$	1,896,836,897

17

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

	Abbreviation(s):
	ETF      Exchange Traded Fund
	REIT    Real Estate Investment Trust
	SPDR   Standard & Poor’s Depositary 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 $34,089,524.
p	All or a portion of these securities have been segregated by the custodian to cover margin requirements on open written options contracts.

18

TIAA-CREF FUNDS - Growth & Income Fund

TIAA-CREF FUNDS

GROWTH & INCOME FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.4%
AUTOMOBILES & COMPONENTS - 0.7%
	311,130	p	Delphi Automotive plc	$	24,293,030
	99,376		Johnson Controls, Inc		4,527,571
	17,906	*,e	Tesla Motors, Inc		4,765,682
			TOTAL AUTOMOBILES & COMPONENTS		33,586,283
BANKS - 6.3%
	4,062,950	p	Bank of America Corp		72,645,546
	1,417,885		Citigroup, Inc		82,889,557
	402,118		East West Bancorp, Inc		17,998,802
	1,116,035		JPMorgan Chase & Co		76,481,878
	1,136,718		Wells Fargo & Co		65,781,871
			TOTAL BANKS		315,797,654
CAPITAL GOODS - 5.7%
	61,484		Acuity Brands, Inc		12,369,966
	297,763		Caesarstone Sdot-Yam Ltd		21,361,518
	3,220,581		General Electric Co		84,057,164
	430,086		Honeywell International, Inc		45,180,534
	253,664		Illinois Tool Works, Inc		22,695,318
	159,359		Northrop Grumman Corp		27,570,700
	231,785		Raytheon Co		25,285,426
	91,977		Snap-On, Inc		15,157,810
	592,388	*,e	USG Corp		18,352,180
	123,886	*	WABCO Holdings, Inc		15,296,204
			TOTAL CAPITAL GOODS		287,326,820
COMMERCIAL & PROFESSIONAL SERVICES - 0.7%
	225,716		Equifax, Inc		23,052,375
	127,745	*	Verisk Analytics, Inc		9,978,162
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		33,030,537
CONSUMER DURABLES & APPAREL - 4.4%
	170,777		Electrolux AB (Series B)		4,902,654
	299,890	*	GoPro, Inc		18,623,169
	372,432		Hanesbrands, Inc		11,556,565
	164,920	p	Harman International Industries, Inc		17,755,287
	621,996	*	Jarden Corp		34,209,780
	591,234	*	Kate Spade & Co		11,895,628
	787,578	p	Mattel, Inc		18,279,685
	97,763	*,p	Mohawk Industries, Inc		19,708,043
	880,474		Newell Rubbermaid, Inc		38,106,915
	275,719		Nike, Inc (Class B)		31,768,343
	80	e	Prada S.p.A		368
	207,473		VF Corp		15,994,094
			TOTAL CONSUMER DURABLES & APPAREL		222,800,531

19

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 1.5%
	751,439	*	Hilton Worldwide Holdings, Inc	$	20,176,137
	341,840	*	Norwegian Cruise Line Holdings Ltd		21,337,653
	449,035	e	Restaurant Brands International, Inc		19,416,274
	583,545		Sonic Corp		17,342,957
			TOTAL CONSUMER SERVICES		78,273,021
DIVERSIFIED FINANCIALS - 3.2%
	1,286,147		ING Groep NV		21,873,702
	398,524	p	Lazard Ltd (Class A)		22,082,215
	308,916		Legg Mason, Inc		15,241,915
	363,096		Moody’s Corp		40,096,691
	1,097,929		Morgan Stanley		42,643,563
	429,495		Voya Financial, Inc		20,164,790
			TOTAL DIVERSIFIED FINANCIALS		162,102,876
ENERGY - 5.2%
	478,464		Anadarko Petroleum Corp		35,573,798
	217,346		Baker Hughes, Inc		12,638,670
	217,082		Chevron Corp		19,207,415
	264,297	*	Concho Resources, Inc		28,163,488
	681,432	*	Continental Resources, Inc		22,766,643
	289,912	*	Diamondback Energy, Inc		19,511,078
	336,610		Energen Corp		18,580,872
	436,371		EOG Resources, Inc		33,683,478
	150,280		Hess Corp		8,868,023
	152,358		Pioneer Natural Resources Co		19,314,424
	147,643		Schlumberger Ltd		12,227,793
	452,415		Valero Energy Corp		29,678,424
			TOTAL ENERGY		260,214,106
FOOD & STAPLES RETAILING - 2.7%
	209,987		Costco Wholesale Corp		30,511,111
	460,602		CVS Corp		51,803,907
	1,347,834		Kroger Co		52,889,006
			TOTAL FOOD & STAPLES RETAILING		135,204,024
FOOD, BEVERAGE & TOBACCO - 6.0%
	279,993	*	Blue Buffalo Pet Products, Inc		7,823,004
	1,847,357		Britvic plc		19,768,123
	172,627		Brown-Forman Corp (Class B)		18,714,493
	166,525		Constellation Brands, Inc (Class A)		19,986,331
	344,043	*	Diamond Foods, Inc		11,116,029
	177,873		General Mills, Inc		10,353,987
	175,499	p	Mead Johnson Nutrition Co		15,512,357
	994,318		Mondelez International, Inc		44,873,571
	175,438	*	Monster Beverage Corp		26,938,505
	766,888		PepsiCo, Inc		73,889,659
	200,428		Philip Morris International, Inc		17,142,607

20

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
	314,862		SABMiller plc	$	16,511,535
	372,825	*	WhiteWave Foods Co (Class A)		19,245,227
			TOTAL FOOD, BEVERAGE & TOBACCO		301,875,428
HEALTH CARE EQUIPMENT & SERVICES - 3.2%
	182,603	*,e,p	Diplomat Pharmacy, Inc		8,432,607
	160,394	*,p	Edwards Lifesciences Corp		24,405,551
	504,046	*	Hologic, Inc		20,998,556
	154,115		McKesson Corp		33,993,146
	329,821		Medtronic plc		25,854,668
	180,467	e	STERIS Corp		12,475,684
	225,663		Universal Health Services, Inc (Class B)		32,773,037
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		158,933,249
HOUSEHOLD & PERSONAL PRODUCTS - 1.7%
	254,833		Estee Lauder Cos (Class A)		22,708,168
	73,270		L’Oreal S.A.		13,695,102
	673,188		Procter & Gamble Co		51,633,520
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		88,036,790
INSURANCE - 2.6%
	363,872		ACE Ltd		39,578,357
	887,984		Hartford Financial Services Group, Inc		42,223,639
	357,738		Metlife, Inc		19,940,316
	725,972		XL Capital Ltd		27,601,456
			TOTAL INSURANCE		129,343,768
MATERIALS - 2.8%
	283,477		Akzo Nobel NV		20,284,209
	671,304		Dow Chemical Co		31,591,566
	203,117		Novozymes AS		10,617,232
	249,834		PPG Industries, Inc		27,077,009
	141,523		Scotts Miracle-Gro Co (Class A)		8,546,574
	556,356		Sealed Air Corp		29,581,449
	23,030		Sherwin-Williams Co		6,396,813
	11,734		Syngenta AG.		4,834,063
			TOTAL MATERIALS		138,928,915
MEDIA - 4.3%
	316,740	*	AMC Networks, Inc		26,675,843
	627,003		Comcast Corp (Class A)		39,131,257
	436,026	e	Lions Gate Entertainment Corp		17,083,499
	468,486		Time Warner, Inc		41,245,507
	293,294		Twenty-First Century Fox, Inc		10,115,710
	701,048		Walt Disney Co		84,125,760
			TOTAL MEDIA		218,377,576
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 12.3%
	697,803		AbbVie, Inc		48,853,188
	29,524	*	Alexion Pharmaceuticals, Inc		5,829,219
	185,292	*,p	Allergan plc		61,359,446

21

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
	275,035	p	Amgen, Inc	$	48,568,431
	60,004	*,p	Biogen Idec, Inc		19,128,075
	140,539	*	BioMarin Pharmaceuticals, Inc		20,556,640
	96,520	*	Biovail Corp		24,856,796
	302,305		Bristol-Myers Squibb Co		19,843,300
	392,616	*	Celgene Corp		51,530,850
	464,727		Eli Lilly & Co		39,274,079
	633,450	e	H Lundbeck AS		14,982,837
	101,377	*,p	Illumina, Inc		22,231,976
	41,047	*,e,p	Intercept Pharmaceuticals, Inc		10,828,609
	280,893		Ipsen		18,099,374
	133,922	*	Jazz Pharmaceuticals plc		25,745,165
	146,023	*	Mallinckrodt plc		18,101,011
	961,086		Merck & Co, Inc		56,665,630
	212,929	*,e	NantKwest, Inc		6,515,627
	237,058		Novartis AG.		24,598,115
	1,928,067		Pfizer, Inc		69,526,096
	79,677		Teva Pharmaceutical Industries Ltd (ADR)		5,499,307
	101,557		UCB S.A.		7,858,169
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		620,451,940
REAL ESTATE - 0.8%
	453,771		Brixmor Property Group, Inc		11,103,777
	331,753		Crown Castle International Corp		27,173,888
			TOTAL REAL ESTATE		38,277,665
RETAILING - 7.7%
	140,988	*	Amazon.com, Inc		75,590,716
	38,139	*	AutoZone, Inc		26,733,151
	551,189		Best Buy Co, Inc		17,797,893
	115,153	p	Expedia, Inc		13,984,180
	692,701		Home Depot, Inc		81,066,798
	108,468		HSN, Inc		7,973,483
	353,925		Inditex S.A.		12,135,399
	2,088,983	*,e	JC Penney Co, Inc		17,213,220
	362,186	*,p	NetFlix, Inc		41,401,482
	92,220	*	O’Reilly Automotive, Inc		22,161,388
	224,109		Target Corp		18,343,322
	220,858		Tiffany & Co		21,136,110
	71,323	*	Ulta Salon Cosmetics & Fragrance, Inc		11,841,758
	216,878		Williams-Sonoma, Inc		18,360,891
			TOTAL RETAILING		385,739,791
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.0%
	261,402	p	Analog Devices, Inc		15,247,579
	158,486		Avago Technologies Ltd		19,832,938
	557,915		Broadcom Corp (Class A)		28,236,078
	201,507	*,p	Cavium Networks, Inc		13,662,175
	1,027,225		Intel Corp		29,738,164
	470,545		Marvell Technology Group Ltd		5,853,580
	309,963	*	NXP Semiconductors NV		30,063,311
	291,082	*	SunPower Corp		7,867,946
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		150,501,771

22

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
SOFTWARE & SERVICES - 12.4%
	288,012	*	Check Point Software Technologies	$	23,262,729
	195,185		Dassault Systemes S.A.		14,718,533
	252,064	*,p	Electronic Arts, Inc		18,035,179
	866,868	*,p	Facebook, Inc		81,494,261
	316,735	*,p	Fortinet, Inc		15,120,929
	187,815	*	Google, Inc		117,498,942
	21,851	*,p	LinkedIn Corp		4,441,434
	194,598	*	Manhattan Associates, Inc		12,613,842
	612,235		Mastercard, Inc (Class A)		59,631,689
	2,104,050		Microsoft Corp		98,259,135
	85,121	*,p	MicroStrategy, Inc (Class A)		17,351,916
	125,277	*,e	Mobileye NV		7,529,148
	1,107,938		Oracle Corp		44,251,044
	555,904	*	Salesforce.com, Inc		40,747,763
	39,187	*,p	Tableau Software, Inc		4,104,447
	564,956	*	Take-Two Interactive Software, Inc		17,841,311
	718,800		Tencent Holdings Ltd		13,391,701
	392,084	*	VeriFone Systems, Inc		12,617,263
	636,778	*	Yahoo!, Inc		23,350,649
			TOTAL SOFTWARE & SERVICES		626,261,915
TECHNOLOGY HARDWARE & EQUIPMENT - 6.4%
	1,561,169	p	Apple, Inc		189,369,800
	753,688	*	Ciena Corp		19,181,359
	2,450,085		Cisco Systems, Inc		69,631,416
	286,121	*,e	Fitbit, Inc		13,619,360
	370,953	*	JDS Uniphase Corp		4,113,869
	541,854		Juniper Networks, Inc		15,399,491
	97,758	*	Zebra Technologies Corp (Class A)		10,521,693
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		321,836,988
TELECOMMUNICATION SERVICES - 2.2%
	1,436,992		AT&T, Inc		49,921,102
	451,216	*	Level 3 Communications, Inc		22,786,408
	336,179		Telephone & Data Systems, Inc		9,887,024
	695,710	*	T-Mobile US, Inc		28,287,569
			TOTAL TELECOMMUNICATION SERVICES		110,882,103
TRANSPORTATION - 2.1%
	787,985		Delta Air Lines, Inc		34,939,255
	139,658		FedEx Corp		23,940,174
	215,873		Kansas City Southern Industries, Inc		21,412,443
	82,483	*	Old Dominion Freight Line		6,033,631
	234,869		Ryder System, Inc		21,260,342
			TOTAL TRANSPORTATION		107,585,845

23

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
UTILITIES - 1.5%
	301,929		American Water Works Co, Inc	$	15,673,134
	361,634		NextEra Energy, Inc		38,043,897
	198,640		Sempra Energy		20,217,579
			TOTAL UTILITIES		73,934,610
			TOTAL COMMON STOCKS		4,999,304,206
			(Cost $3,853,354,438)
PURCHASED OPTIONS - 0.0%
AUTOMOBILES & COMPONENTS - 0.0%
	10,000		Delphi Automotive plc		2,500
			TOTAL AUTOMOBILES & COMPONENTS		2,500
RETAILING - 0.0%
	26,000		Expedia, Inc		1,300
			TOTAL RETAILING		1,300
			TOTAL PURCHASED OPTIONS		3,800
			(Cost $125,016)
SHORT-TERM INVESTMENTS - 1.8%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.8%
	91,961,076	c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust		91,961,076
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		91,961,076
			TOTAL SHORT-TERM INVESTMENTS		91,961,076
			(Cost $91,961,076)
			TOTAL INVESTMENTS - 101.2%		5,091,269,082
			(Cost $3,945,440,530)
			OTHER ASSETS & LIABILITIES, NET - (1.2)%		(60,034,096	)
			NET ASSETS - 100.0%	$	5,031,234,986

	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 $83,027,534.
p	All or a portion of these securities have been segregated by the custodian to cover margin requirements on open written options contracts.

24

TIAA-CREF FUNDS - Large-Cap Growth Fund

TIAA-CREF FUNDS

LARGE-CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.0%
AUTOMOBILES & COMPONENTS - 0.9%
	114,913	*,e	Tesla Motors, Inc	$	30,584,095
			TOTAL AUTOMOBILES & COMPONENTS		30,584,095
CAPITAL GOODS - 2.9%
	203,782		Boeing Co		29,379,251
	114,598	*	Middleby Corp		14,061,175
	93,913		Northrop Grumman Corp		16,247,888
	187,246		Roper Industries, Inc		31,320,639
	206,045	*	Univar, Inc		4,924,475
			TOTAL CAPITAL GOODS		95,933,428
COMMERCIAL & PROFESSIONAL SERVICES - 1.8%
	356,729		Nielsen Holdings NV		17,287,088
	521,502	*	Verisk Analytics, Inc		40,734,521
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		58,021,609
CONSUMER DURABLES & APPAREL - 3.2%
	118,809		Harman International Industries, Inc		12,790,977
	612,448		Nike, Inc (Class B)		70,566,258
	267,111		VF Corp		20,591,587
			TOTAL CONSUMER DURABLES & APPAREL		103,948,822
CONSUMER SERVICES - 5.5%
	516,007		ARAMARK Holdings Corp		16,419,343
	474,178		Las Vegas Sands Corp		26,572,935
	833,854	*	Norwegian Cruise Line Holdings Ltd		52,049,167
	1,502,165		Starbucks Corp		87,020,418
			TOTAL CONSUMER SERVICES		182,061,863
DIVERSIFIED FINANCIALS - 4.1%
	965,653		Charles Schwab Corp		33,681,977
	129,878		IntercontinentalExchange Group, Inc		29,617,379
	328,926		McGraw-Hill Financial, Inc		33,468,220
	332,991		Moody’s Corp		36,772,196
			TOTAL DIVERSIFIED FINANCIALS		133,539,772
ENERGY - 1.6%
	251,487	*	Concho Resources, Inc		26,798,455
	214,388		EOG Resources, Inc		16,548,610
	63,773		Pioneer Natural Resources Co		8,084,503
			TOTAL ENERGY		51,431,568

25

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY	VALUE
FOOD & STAPLES RETAILING - 0.5%
	152,053		CVS Corp	$	17,101,401
			TOTAL FOOD & STAPLES RETAILING		17,101,401
FOOD, BEVERAGE & TOBACCO - 2.2%
	50,652	*	Blue Buffalo Pet Products, Inc		1,415,217
	351,756	*	Monster Beverage Corp		54,012,134
	245,554		Pinnacle Foods, Inc		11,037,652
	84,770	*	WhiteWave Foods Co (Class A)		4,375,827
			TOTAL FOOD, BEVERAGE & TOBACCO		70,840,830
HEALTH CARE EQUIPMENT & SERVICES - 2.5%
	466,833	*	Cerner Corp		33,481,263
	135,251	*	Idexx Laboratories, Inc		9,836,805
	75,745	*	Intuitive Surgical, Inc		40,384,962
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		83,703,030
HOUSEHOLD & PERSONAL PRODUCTS - 2.1%
	773,465		Estee Lauder Cos (Class A)		68,923,466
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		68,923,466
MATERIALS - 3.9%
	191,094		Albemarle Corp		10,357,295
	670,412		Monsanto Co		68,308,279
	300,322		PPG Industries, Inc		32,548,898
	56,896		Sherwin-Williams Co		15,803,433
			TOTAL MATERIALS		127,017,905
MEDIA - 3.2%
	378,275		Time Warner, Inc		33,303,331
	597,693		Walt Disney Co		71,723,160
			TOTAL MEDIA		105,026,491
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 17.4%
	327,799	*	Alexion Pharmaceuticals, Inc		64,720,635
	239,027	*	Allergan plc		79,153,791
	96,282		Amgen, Inc		17,002,438
	144,879	*	Biogen Idec, Inc		46,184,528
	91,332	*	BioMarin Pharmaceuticals, Inc		13,359,132
	182,855	*	Biovail Corp		47,090,648
	485,227		Bristol-Myers Squibb Co		31,850,300
	589,437	*	Celgene Corp		77,363,606
	671,629		Eli Lilly & Co		56,759,367
	469,781		Gilead Sciences, Inc		55,368,389
	161,128	*	Illumina, Inc		35,335,370
	77,811	*	Incyte Corp		8,114,131
	273,051		Thermo Electron Corp		38,098,806
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		570,401,141
REAL ESTATE - 0.9%
	796,286	*	CBRE Group, Inc		30,234,979
			TOTAL REAL ESTATE		30,234,979

26

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY	VALUE
RETAILING - 10.3%
	313,077	*	Amazon.com, Inc	$	167,856,234
	380,252	*	Carmax, Inc		24,530,057
	189,546		Expedia, Inc		23,018,466
	22,900	e	Fast Retailing Co Ltd		11,328,564
	2,398,687	*	Groupon, Inc		11,561,671
	573,942		Home Depot, Inc		67,168,432
	49,079	*	NetFlix, Inc		5,610,220
	303,084		Tiffany & Co		29,005,139
			TOTAL RETAILING		340,078,783
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.0%
	577,498		ARM Holdings plc (ADR)		27,165,506
	312,972		Broadcom Corp (Class A)		15,839,513
	239,723	*	NXP Semiconductors NV		23,250,734
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		66,255,753
SOFTWARE & SERVICES - 26.7%
	1,127,679	*	Adobe Systems, Inc		92,458,401
	122,622	*	Akamai Technologies, Inc		9,406,334
	43,415	*	Alliance Data Systems Corp		11,940,862
	219,287	*	Autodesk, Inc		11,091,536
	40,496	*	Baidu, Inc (ADR)		6,992,039
	231,036	*	eBay, Inc		6,496,732
	1,096,070	*	Facebook, Inc		103,041,541
	143,281	*	Google, Inc		89,638,026
	99,962	*	Google, Inc (Class A)		65,725,015
	1,034,960		Intuit, Inc		109,467,719
	34,777	*	LinkedIn Corp		7,068,773
	861,447		Mastercard, Inc (Class A)		83,904,938
	152,987	*,e	Mobileye NV		9,194,519
	696,797	*	PayPal Holdings, Inc		26,966,044
	623,791	*	Red Hat, Inc		49,329,392
	672,025		Sabre Corp		17,875,865
	871,536	*	Salesforce.com, Inc		63,883,589
	102,260	*	ServiceNow, Inc		8,231,930
	1,008,464		Visa, Inc (Class A)		75,977,678
	829,891	*	Yahoo!, Inc		30,432,103
			TOTAL SOFTWARE & SERVICES		879,123,036
TECHNOLOGY HARDWARE & EQUIPMENT - 6.2%
	998,172		Apple, Inc		121,078,264
	2,457,427		Cisco Systems, Inc		69,840,075
	74,994	*	Palo Alto Networks, Inc		13,936,135
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		204,854,474
TELECOMMUNICATION SERVICES - 0.8%
	521,771	*	Level 3 Communications, Inc		26,349,435
			TOTAL TELECOMMUNICATION SERVICES		26,349,435

27

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY	RATE			MATURITY DATE		VALUE
TRANSPORTATION - 0.3%
	217,834		Delta Air Lines, Inc					$	9,658,760
			TOTAL TRANSPORTATION						9,658,760
			TOTAL COMMON STOCKS						3,255,090,641
			(Cost $2,354,977,060)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 2.1%
GOVERNMENT AGENCY DEBT - 0.7%
$	20,000,000		Federal Home Loan Bank (FHLB)		0.050	%	08/21/15		19,999,800
	4,800,000		FHLB		0.065		08/28/15		4,799,932
			TOTAL GOVERNMENT AGENCY DEBT						24,799,732
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.4%
	45,416,772	c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust						45,416,772
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						45,416,772
			TOTAL SHORT-TERM INVESTMENTS						70,216,504
			(Cost $70,215,982)
			TOTAL INVESTMENTS - 101.1%						3,325,307,145
			(Cost $2,425,193,042)
			OTHER ASSETS & LIABILITIES, NET - (1.1)%						(37,497,219	)
			NET ASSETS - 100.0%					$	3,287,809,926

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 $44,136,111.

28

TIAA-CREF FUNDS - Large-Cap Value Fund

TIAA-CREF FUNDS

LARGE-CAP VALUE FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.5%
AUTOMOBILES & COMPONENTS - 0.4%
	402,190	*	American Axle & Manufacturing Holdings, Inc	$	8,035,756
	914,240		Ford Motor Co		13,558,179
			TOTAL AUTOMOBILES & COMPONENTS		21,593,935
BANKS - 12.1%
	9,572,827		Bank of America Corp		171,162,147
	1,687,360		Citigroup, Inc		98,643,066
	703,278	*	Hilltop Holdings, Inc		14,804,002
	998,893		Huntington Bancshares, Inc		11,657,081
	1,345,839		Investors Bancorp, Inc		16,392,319
	1,472,803		JPMorgan Chase & Co		100,931,189
	2,420,444		Keycorp		35,919,389
	2,619,704		Regions Financial Corp		27,218,725
	1,205,298		TCF Financial Corp		19,839,205
	2,679,626		Wells Fargo & Co		155,069,957
	939,491		Zions Bancorporation		29,302,724
			TOTAL BANKS		680,939,804
CAPITAL GOODS - 7.5%
	402,593	*	AerCap Holdings NV		18,857,456
	512,379		Allegion plc		32,392,600
	106,877		General Dynamics Corp		15,936,430
	4,350,551		General Electric Co		113,549,381
	65,950		Hubbell, Inc (Class B)		6,885,840
	224,951	e	Joy Global, Inc		5,940,956
	81,788		L-3 Communications Holdings, Inc		9,443,243
	983,437		Masco Corp		25,952,902
	112,344		Raytheon Co		12,255,607
	878,242		SPX Corp		57,445,809
	2,003,907		Terex Corp		44,406,579
	559,098		Triumph Group, Inc		30,107,427
	296,226		United Technologies Corp		29,714,430
	290,259	*	Univar, Inc		6,937,190
	344,917	*,e	USG Corp		10,685,529
			TOTAL CAPITAL GOODS		420,511,379
CONSUMER DURABLES & APPAREL - 2.6%
	197,346	*	Deckers Outdoor Corp		14,382,577
	943,846	*	Jarden Corp		51,911,530
	941,758		Mattel, Inc		21,858,203
	1,208,299		Pulte Homes, Inc		25,035,955
	341,800	*	Sony Corp		9,688,804
	716,029	*	Sony Corp (ADR)		20,299,422
			TOTAL CONSUMER DURABLES & APPAREL		143,176,491

29

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 3.0%
	1,186,192		ARAMARK Holdings Corp	$	37,744,629
	322,980		Carnival Corp		17,211,604
	2,087,080		Extended Stay America, Inc		39,654,520
	1,243,603	*	MGM Resorts International		24,399,491
	877,052	e	Restaurant Brands International, Inc		37,923,729
	121,459		Starwood Hotels & Resorts Worldwide, Inc		9,651,132
			TOTAL CONSUMER SERVICES		166,585,105
DIVERSIFIED FINANCIALS - 5.8%
	142,241		American Express Co		10,818,850
	392,389		Bank of New York Mellon Corp		17,029,683
	130,604		Capital One Financial Corp		10,618,105
	992,176	*	E*TRADE Financial Corp		28,197,642
	123,140		Goldman Sachs Group, Inc		25,252,320
	1,126,053		ING Groep NV (ADR)		19,120,380
	191,456	e	Janus Capital Group, Inc		3,136,049
	379,723		Legg Mason, Inc		18,735,533
	1,611,485		Morgan Stanley		62,590,078
	672,161		State Street Corp		51,460,646
	1,907,930	*	Synchrony Financial		65,556,475
	649,522	*	UBS AG.		14,933,219
			TOTAL DIVERSIFIED FINANCIALS		327,448,980
ENERGY - 10.7%
	274,027		Anadarko Petroleum Corp		20,373,907
	1,181,354		Apache Corp		54,176,894
	502,706		Baker Hughes, Inc		29,232,354
	964,084		Chevron Corp		85,302,152
	121,646		Cimarex Energy Co		12,665,782
	277,262	*	Concho Resources, Inc		29,545,039
	600,045	*	Diamondback Energy, Inc		40,383,028
	466,145		EOG Resources, Inc		35,981,733
	976,334		Exxon Mobil Corp		77,335,416
	466,478	*,e	Laredo Petroleum Holdings, Inc		3,997,716
	1,195,957	*	Matador Resources Co		26,346,933
	1,207,221		Nabors Industries Ltd		14,015,836
	487,239	*,e	Parsley Energy, Inc		7,045,476
	357,358		Pioneer Natural Resources Co		45,302,274
	1,209,122	*	RSP Permian, Inc		29,986,226
	647,932		Schlumberger Ltd		53,661,728
	2,061,465	*	Weatherford International Ltd		22,016,446
	215,863		Williams Cos, Inc		11,328,490
			TOTAL ENERGY		598,697,430
FOOD & STAPLES RETAILING - 0.9%
	305,105		CVS Corp		34,315,159
	168,426		Walgreens Boots Alliance, Inc		16,275,005
			TOTAL FOOD & STAPLES RETAILING		50,590,164

30

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
FOOD, BEVERAGE & TOBACCO - 3.2%
	814,828		ConAgra Foods, Inc	$	35,901,322
	256,598		Kraft Heinz Co		20,391,843
	729,602		Mondelez International, Inc		32,926,938
	1,297,356		Pinnacle Foods, Inc		58,316,152
	625,877		SABMiller plc		32,821,332
			TOTAL FOOD, BEVERAGE & TOBACCO		180,357,587
HEALTH CARE EQUIPMENT & SERVICES - 2.8%
	713,177		Abbott Laboratories		36,150,942
	56,636		Anthem, Inc		8,737,236
	110,332		Baxter International, Inc		4,422,107
	1,586,460	*	Boston Scientific Corp		27,509,216
	311,784		Medtronic plc		24,440,748
	577,600	*	Olympus Corp		22,100,951
	92,316		UnitedHealth Group, Inc		11,207,162
	288,684	*	WellCare Health Plans, Inc		23,325,667
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		157,894,029
HOUSEHOLD & PERSONAL PRODUCTS - 1.9%
	1,355,469		Procter & Gamble Co		103,964,472
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		103,964,472
INSURANCE - 8.0%
	644,260		ACE Ltd		70,076,160
	541,408		Aflac, Inc		34,677,182
	591,694		Allstate Corp		40,797,301
	603,008		American International Group, Inc		38,664,873
	433,687	*	Berkshire Hathaway, Inc (Class B)		61,904,483
	956,667		Hartford Financial Services Group, Inc		45,489,516
	567,939		Metlife, Inc		31,656,920
	562,644		Principal Financial Group		31,232,368
	265,822		Prudential Financial, Inc		23,488,032
	221,158		Travelers Cos, Inc		23,469,287
	212,915		W.R. Berkley Corp		11,863,624
	975,194		XL Capital Ltd		37,076,876
			TOTAL INSURANCE		450,396,622
MATERIALS - 3.1%
	30,788		Acerinox S.A.		375,469
	212,847		Albemarle Corp		11,536,308
	583,416		Axiall Corp		17,169,933
	1,257,184	*	Cemex SAB de C.V. (ADR)		10,686,064
	700,207	*	Constellium NV		7,772,298
	1,010,131		Freeport-McMoRan Copper & Gold, Inc (Class B)		11,869,039
	4,637,768	*	Louisiana-Pacific Corp		68,360,700
	762,014		Sealed Air Corp		40,516,285
	82,945	e	Wacker Chemie AG.		8,328,520
			TOTAL MATERIALS		176,614,616

31

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
MEDIA - 0.9%
	77,172		Naspers Ltd (N Shares)	$	10,754,942
	266,462		Time Warner, Inc		23,459,314
	291,559		Tribune Co		14,720,814
			TOTAL MEDIA		48,935,070
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.3%
	995,793		Agilent Technologies, Inc		40,777,723
	51,988	*	Allergan plc		17,215,826
	110,332	*	Baxalta, Inc		3,622,200
	862,566	*	Biovitrum AB		11,354,441
	227,819		Eli Lilly & Co		19,252,984
	734,690	*	Endo International plc		64,314,763
	624,185		H Lundbeck AS		14,763,694
	305,303	*,e	Insys Therapeutics, Inc		13,714,211
	759,568		Johnson & Johnson		76,116,309
	260,119	*	Mallinckrodt plc		32,244,351
	1,152,069		Merck & Co, Inc		67,925,988
	3,992,516		Pfizer, Inc		143,970,127
	389,373		Zoetis Inc		19,071,490
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		524,344,107
REAL ESTATE - 2.3%
	706,983		Brixmor Property Group, Inc		17,299,874
	232,413		Home Properties, Inc		17,128,838
	62,900	*,e	Lifestyle Properties Development Ltd		19,473
	260,416		Mack-Cali Realty Corp		5,427,070
	392,244		Post Properties, Inc		22,334,373
	162,127		Potlatch Corp		5,676,066
	357,730	*	Realogy Holdings Corp		16,283,870
	1,423,140		Starwood Property Trust, Inc		30,967,526
	46,999		Vornado Realty Trust		4,584,753
	785,913		WP GLIMCHER, Inc		10,641,262
			TOTAL REAL ESTATE		130,363,105
RETAILING - 2.5%
	741,042		Best Buy Co, Inc		23,928,246
	151,177		Expedia, Inc		18,358,935
	283,494		Gap, Inc		10,341,861
	3,633,268	*,e	Groupon, Inc		17,512,352
	11,457,948	e	Hengdeli Holdings Ltd		1,668,260
	13,978,820	*,e	Intime Retail Group Co Ltd		15,654,470
	4,529,540	*,e	JC Penney Co, Inc		37,323,409
	217,004		Target Corp		17,761,777
			TOTAL RETAILING		142,549,310
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.4%
	1,611,946		Atmel Corp		13,346,913
	1,003,742		Broadcom Corp (Class A)		50,799,383
	1,117,054		Intel Corp		32,338,713
	2,713,010		Marvell Technology Group Ltd		33,749,844
	432,852		Maxim Integrated Products, Inc		14,734,282

32

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
	499,140	*	Mellanox Technologies Ltd	$	20,988,837
	2,215,462	*	ON Semiconductor Corp		23,528,207
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		189,486,179
SOFTWARE & SERVICES - 5.7%
	387,044	*	Autodesk, Inc		19,576,686
	58,766	*	Baidu, Inc (ADR)		10,146,538
	136,968	*,e	Cimpress NV		8,838,545
	222,923	*	Citrix Systems, Inc		16,855,208
	427,921	*	eBay, Inc		12,033,139
	493,752	*	Fortinet, Inc		23,571,720
	201,682		International Business Machines Corp		32,670,467
	1,382,520		Microsoft Corp		64,563,684
	481,846		Oracle Corp		19,244,929
	523,423	*	PayPal Holdings, Inc		20,256,470
	200,469	*	PTC, Inc		7,287,048
	337,265	*	Rackspace Hosting, Inc		11,477,128
	392,785		Sabre Corp		10,448,081
	1,736,019	*	Yahoo!, Inc		63,659,816
			TOTAL SOFTWARE & SERVICES		320,629,459
TECHNOLOGY HARDWARE & EQUIPMENT - 4.4%
	2,607,688		Alcatel-Lucent (ADR)		9,752,753
	319,043	*	Ciena Corp		8,119,644
	2,521,983		Cisco Systems, Inc		71,674,757
	427,898		Corning, Inc		7,993,135
	1,156,256		EMC Corp		31,091,724
	1,140,217		Hewlett-Packard Co		34,799,423
	2,584,022	*	JDS Uniphase Corp		28,656,804
	514,537		Juniper Networks, Inc		14,623,141
	392,075	*,e	Knowles Corp		7,469,029
	1,043,546		Nokia Corp		7,356,999
	217,469		Qualcomm, Inc		14,002,829
	195,271	e	Seagate Technology, Inc		9,880,713
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		245,420,951
TELECOMMUNICATION SERVICES - 2.9%
	2,183,307		AT&T, Inc		75,848,085
	944,689	*	Level 3 Communications, Inc		47,706,795
	1,357,115		Telephone & Data Systems, Inc		39,912,752
			TOTAL TELECOMMUNICATION SERVICES		163,467,632
TRANSPORTATION - 2.1%
	645,893		American Airlines Group, Inc		25,900,309
	726,667	*,b,m	AMR Corp (Escrow)		7,267
	841,459		Con-Way, Inc		32,640,195
	122,535		FedEx Corp		21,004,950
	1,496,841	*	Hertz Global Holdings, Inc		25,431,328
	179,933	*	United Continental Holdings, Inc		10,146,422
			TOTAL TRANSPORTATION		115,130,471

33

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	RATE		MATURITY DATE	VALUE
UTILITIES - 4.0%
	292,430		Duke Energy Corp				$	21,704,155
	221,245		Edison International					13,276,912
	362,308		Exelon Corp					11,626,464
	1,597,777		FirstEnergy Corp					54,260,507
	625,873		NextEra Energy, Inc					65,841,839
	966,535		NRG Energy, Inc					21,698,711
	235,881		PG&E Corp					12,386,111
	118,880		Sempra Energy					12,099,606
	312,804		Westar Energy, Inc					11,777,071
			TOTAL UTILITIES					224,671,376
			TOTAL COMMON STOCKS					5,583,768,274
			(Cost $4,696,877,586)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 3.3%
GOVERNMENT AGENCY DEBT - 0.3%
$	18,139,000		Federal Home Loan Bank (FHLB)		0.045%	08/05/15		18,138,982
			TOTAL GOVERNMENT AGENCY DEBT					18,138,982
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 3.0%
	167,612,059	a,c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust					167,612,059
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES					167,612,059
			TOTAL SHORT-TERM INVESTMENTS					185,751,041
			(Cost $185,750,968)
			TOTAL INVESTMENTS - 102.8%					5,769,519,315
			(Cost $4,882,628,554)
			OTHER ASSETS & LIABILITIES, NET - (2.8)%					(159,469,078	)
			NET ASSETS - 100.0%				$	5,610,050,237

Abbreviation(s):

ADR    American Depositary Receipt

*	Non-income producing
a	Affiliated holding
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 $160,464,208.
m	Indicates a security that has been deemed illiquid.

34

TIAA-CREF FUNDS - Mid-Cap Growth Fund

TIAA-CREF FUNDS

MID-CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.3%
AUTOMOBILES & COMPONENTS - 1.4%
	328,312		Delphi Automotive plc	$	25,634,601
			TOTAL AUTOMOBILES & COMPONENTS		25,634,601
BANKS - 2.6%
	962,221		Investors Bancorp, Inc		11,719,852
	123,336	*	Signature Bank		17,956,488
	131,697	*	SVB Financial Group		18,845,841
			TOTAL BANKS		48,522,181
CAPITAL GOODS - 8.8%
	90,363		Acuity Brands, Inc		18,180,132
	390,813		Ametek, Inc		20,732,630
	188,121		Fortune Brands Home & Security, Inc		8,982,778
	728,462		Masco Corp		19,224,112
	144,230	*,p	Middleby Corp		17,697,021
	208,575		Owens Corning, Inc		9,354,589
	87,163		Roper Industries, Inc		14,579,755
	101,018		Snap-On, Inc		16,647,766
	90,128		TransDigm Group, Inc		20,395,966
	588,494	*,e	USG Corp		18,231,544
			TOTAL CAPITAL GOODS		164,026,293
COMMERCIAL & PROFESSIONAL SERVICES - 1.0%
	131,629	*	Stericycle, Inc		18,555,740
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		18,555,740
CONSUMER DURABLES & APPAREL - 6.0%
	171,467		Carter’s, Inc		17,388,469
	548,013		DR Horton, Inc		16,270,506
	729,454		Hanesbrands, Inc		22,634,958
	155,331		Harman International Industries, Inc		16,722,935
	95,761	*	Mohawk Industries, Inc		19,304,460
	80,940	*	TopBuild Corp		2,327,834
	174,575	*	Under Armour, Inc (Class A)		17,340,535
			TOTAL CONSUMER DURABLES & APPAREL		111,989,697
CONSUMER SERVICES - 3.3%
	72,611	*	Fogo De Chao, Inc		1,461,660
	785,505	*	Hilton Worldwide Holdings, Inc		21,090,809
	286,122	*	Norwegian Cruise Line Holdings Ltd		17,859,735
	320,300	e	Restaurant Brands International, Inc		13,849,772
	179,720	*,e	Zoe’s Kitchen, Inc		8,060,442
			TOTAL CONSUMER SERVICES		62,322,418

35

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
DIVERSIFIED FINANCIALS - 7.0%
	94,585	*	Affiliated Managers Group, Inc	$	19,664,222
	505,391	e	iShares Russell Midcap Growth Index Fund		49,614,234
	247,806		Lazard Ltd (Class A)		13,730,930
	261,342		McGraw-Hill Financial, Inc		26,591,549
	186,306		Moody’s Corp		20,573,772
			TOTAL DIVERSIFIED FINANCIALS		130,174,707
ENERGY - 1.3%
	191,957	*	Diamondback Energy, Inc		12,918,706
	426,497	*	RSP Permian, Inc		10,577,126
			TOTAL ENERGY		23,495,832
FOOD, BEVERAGE & TOBACCO - 4.9%
	329,325	*	Blue Buffalo Pet Products, Inc		9,201,341
	150,775		Constellation Brands, Inc (Class A)		18,096,015
	243,791	*	Hain Celestial Group, Inc		16,572,912
	193,506	*	Monster Beverage Corp		29,712,846
	345,327	*	WhiteWave Foods Co (Class A)		17,825,780
			TOTAL FOOD, BEVERAGE & TOBACCO		91,408,894
HEALTH CARE EQUIPMENT & SERVICES - 9.7%
	232,509	*	Acadia Healthcare Co, Inc		18,549,568
	222,229	*	Air Methods Corp		8,753,600
	221,737		AmerisourceBergen Corp		23,448,688
	197,648	*	Centene Corp		13,861,054
	272,666	*	Cerner Corp		19,555,605
	193,654	*	DexCom, Inc		16,392,811
	69,511	*	Edwards Lifesciences Corp		10,576,794
	107,507	*	Henry Schein, Inc		15,908,886
	391,314	*,e	Inovalon Holdings, Inc		9,454,146
	141,977	*	Insulet Corp		4,811,601
	24,776	*	Intuitive Surgical, Inc		13,209,820
	188,579	*	Pediatrix Medical Group, Inc		15,961,327
	378,999	*,e	Veeva Systems, Inc		10,202,653
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		180,686,553
HOUSEHOLD & PERSONAL PRODUCTS - 1.0%
	219,907		Church & Dwight Co, Inc		18,984,571
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		18,984,571
MATERIALS - 4.4%
	233,637		Albemarle Corp		12,663,125
	196,303		Avery Dennison Corp		11,945,038
	463,004	*	Berry Plastics Group, Inc		15,075,410
	349,671		RPM International, Inc		16,389,080
	46,317		Sherwin-Williams Co		12,865,010
	135,956	*	WR Grace & Co		13,722,039
			TOTAL MATERIALS		82,659,702

36

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
MEDIA - 1.4%
	40,032	*,e	Charter Communications, Inc	$	7,440,347
	628,084		Interpublic Group of Cos, Inc		13,378,189
	84,563	*,e	Rentrak Corp		5,790,029
			TOTAL MEDIA		26,608,565
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.1%
	103,844	*	Alnylam Pharmaceuticals, Inc		13,232,841
	197,319	*	BioMarin Pharmaceuticals, Inc		28,861,850
	146,591	*	Endo International plc		12,832,576
	172,815	*	Incyte Corp		18,021,148
	149,634	*,e	Insys Therapeutics, Inc		6,721,560
	91,710	*	Jazz Pharmaceuticals plc		17,630,330
	88,975	*	Mallinckrodt plc		11,029,341
	67,446	*	Medivation, Inc		7,104,087
	808,262	*,e	Merrimack Pharmaceuticals, Inc		8,163,446
	50,500	*	United Therapeutics Corp		8,552,680
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		132,149,859
REAL ESTATE - 2.1%
	559,272	*	CBRE Group, Inc		21,235,558
	213,569		Crown Castle International Corp		17,493,437
			TOTAL REAL ESTATE		38,728,995
RETAILING - 10.2%
	16,428	*	AutoZone, Inc		11,515,042
	304,168	*	Carmax, Inc		19,621,878
	337,663		Dollar General Corp		27,137,975
	269,075	*	Dollar Tree, Inc		20,995,922
	62,312	p	Expedia, Inc		7,567,169
	111,588		Gap, Inc		4,070,730
	116,499		Macy’s, Inc		8,045,421
	54,925	*	O’Reilly Automotive, Inc		13,199,027
	146,801	*,e	Restoration Hardware Holdings, Inc		14,894,430
	149,772		Signet Jewelers Ltd		18,155,362
	201,073		Tractor Supply Co		18,603,274
	119,966	*	Ulta Salon Cosmetics & Fragrance, Inc		19,917,955
	389,225	*	Vipshop Holdings Ltd (ADR)		7,585,995
			TOTAL RETAILING		191,310,180
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.3%
	226,465		Analog Devices, Inc		13,209,703
	759,967		Applied Materials, Inc		13,193,027
	404,188		ChipMOS TECHNOLOGIES Bermuda Ltd		6,652,935
	195,959		Lam Research Corp		15,063,368
	350,639	*	Mellanox Technologies Ltd		14,744,370
	102,180	*	NXP Semiconductors NV		9,910,438
	136,943	*	Qorvo, Inc		7,935,847
	185,971		Skyworks Solutions, Inc		17,791,846
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		98,501,534

37

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
SOFTWARE & SERVICES - 15.7%
	439,759		Activision Blizzard, Inc	$	11,341,385
	104,814	*	Akamai Technologies, Inc		8,040,282
	66,192	*	Alliance Data Systems Corp		18,205,448
	386,272	*	Blackhawk Network Holdings, Inc		17,741,473
	178,118	*	comScore, Inc		10,419,903
	334,858	*	Electronic Arts, Inc		23,959,090
	523,255	*,e	Endurance International Group Holdings, Inc		10,574,983
	114,368	*	FleetCor Technologies, Inc		17,706,454
	338,554	*,p	Fortinet, Inc		16,162,568
	233,381	*	Guidewire Software, Inc		13,781,148
	137,397		Intuit, Inc		14,532,481
	62,410	*,p	LinkedIn Corp		12,685,457
	171,720	*,e	Mobileye NV		10,320,372
	123,846	*,p	Proofpoint, Inc		8,012,836
	384,099	*	QLIK Technologies, Inc		15,540,645
	95,776	*	Red Hat, Inc		7,573,966
	262,938	*	ServiceNow, Inc		21,166,509
	232,562	*	Splunk, Inc		16,265,386
	56,818	*,p	Tableau Software, Inc		5,951,117
	7,500	*,p	Twitter, Inc		232,575
	451,102	*	Vantiv, Inc		19,848,488
	415,342	*	VeriFone Systems, Inc		13,365,706
			TOTAL SOFTWARE & SERVICES		293,428,272
TECHNOLOGY HARDWARE & EQUIPMENT - 1.0%
	328,400		Juniper Networks, Inc		9,333,128
	46,287	*,p	Palo Alto Networks, Inc		8,601,513
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		17,934,641
TELECOMMUNICATION SERVICES - 1.6%
	284,345	*	Level 3 Communications, Inc		14,359,422
	765,248	*	RingCentral, Inc		15,075,386
			TOTAL TELECOMMUNICATION SERVICES		29,434,808
TRANSPORTATION - 3.5%
	169,475		Ryder System, Inc		15,340,877
	729,572		Southwest Airlines Co		26,410,506
	432,700	*	United Continental Holdings, Inc		24,399,953
			TOTAL TRANSPORTATION		66,151,336
			TOTAL COMMON STOCKS		1,852,709,379
			(Cost $1,566,513,757)
PURCHASED OPTIONS - 0.0%
RETAILING - 0.0%
	60,000		Expedia, Inc		1,800
			TOTAL RETAILING		1,800

38

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	RATE			MATURITY DATE	VALUE
SOFTWARE & SERVICES - 0.0%
	200,000		Fortinet, Inc					$	10,000
	60,000		Proofpoint, Inc						150,000
	321,000		TWITTER,Inc						3,210
			TOTAL SOFTWARE & SERVICES						163,210
TECHNOLOGY HARDWARE & EQUIPMENT - 0.0%
	45,000		Palo Alto Networks, Inc						141,300
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						141,300
			TOTAL PURCHASED OPTIONS						306,310
			(Cost $1,372,644)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 6.9%
GOVERNMENT AGENCY DEBT - 0.5%
$	9,150,000		Federal Home Loan Bank (FHLB)		0.040	%	08/07/15		9,149,982
			TOTAL GOVERNMENT AGENCY DEBT						9,149,982
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 6.4%
	119,510,834	c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust						119,510,834
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						119,510,834
			TOTAL SHORT-TERM INVESTMENTS						128,660,816
			(Cost $128,660,773)
			TOTAL INVESTMENTS - 106.2%						1,981,676,505
			(Cost $1,696,547,174)
			OTHER ASSETS & LIABILITIES, NET - (6.2)%						(116,067,726	)
			NET ASSETS - 100.0%					$	1,865,608,779

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 $117,063,099.
p	All or a portion of these securities have been segregated by the custodian to cover margin requirements on open written options contracts.

39

TIAA-CREF FUNDS - Mid-Cap Value Fund

TIAA-CREF FUNDS

MID-CAP VALUE FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.0%
AUTOMOBILES & COMPONENTS - 1.2%
	152,160	e	Autoliv, Inc	$	16,007,232
	196,335		Lear Corp		20,432,584
	261,126		Magna International, Inc (Class A) (NY)		14,194,809
	98,168	*	Visteon Corp		9,770,661
			TOTAL AUTOMOBILES & COMPONENTS		60,405,286
BANKS - 8.5%
	647,542		BankUnited		23,648,234
	161,977		Cullen/Frost Bankers, Inc		11,735,234
	800,000		East West Bancorp, Inc		35,808,000
	2,362,706		Fifth Third Bancorp		49,782,215
	1,229,571	*	Hilltop Holdings, Inc		25,882,470
	2,900,000		Hudson City Bancorp, Inc		29,899,000
	2,230,000		Huntington Bancshares, Inc		26,024,100
	1,298,503		Investors Bancorp, Inc		15,815,766
	3,163,132		Keycorp		46,940,879
	222,944		M&T Bank Corp		29,239,106
	140,000		Opus Bank		5,481,000
	1,963,357		Regions Financial Corp		20,399,279
	840,000		SunTrust Banks, Inc		37,245,600
	76,571	*	SVB Financial Group		10,957,310
	661,282		Synovus Financial Corp		20,843,609
	775,000		Talmer Bancorp Inc		12,632,500
	964,370		TCF Financial Corp		15,873,530
	200,000		Wintrust Financial Corp		10,784,000
	520,290		Zions Bancorporation		16,227,845
			TOTAL BANKS		445,219,677
CAPITAL GOODS - 5.9%
	575,743	*	AerCap Holdings NV		26,967,802
	260,380		Crane Co		13,852,216
	282,908		Fluor Corp		13,225,949
	285,000		Fortune Brands Home & Security, Inc		13,608,750
	338,679		Hubbell, Inc (Class B)		35,361,474
	409,360		Ingersoll-Rand plc		25,134,704
	516,183		ITT Corp		19,614,954
	238,913		KBR, Inc		4,173,810
	122,710		Lennox International, Inc		14,488,370
	500,689		Masco Corp		13,213,183
	260,353		Paccar, Inc		16,881,288
	144,656		Rockwell Collins, Inc		12,240,791
	358,312		SPX Corp		23,437,188
	265,070		Terex Corp		5,873,951
	638,091		Textron, Inc		27,884,577

40

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	286,591	*	Univar, Inc	$	6,849,525
	204,189	*	WABCO Holdings, Inc		25,211,216
	119,581		Westinghouse Air Brake Technologies Corp		12,100,401
			TOTAL CAPITAL GOODS		310,120,149
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%
	443,610		Republic Services, Inc		18,866,733
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		18,866,733
CONSUMER DURABLES & APPAREL - 2.8%
	381,008		Coach, Inc		11,887,450
	687,175		DR Horton, Inc		20,402,226
	650,950	*	Jarden Corp		35,802,250
	417,213		Mattel, Inc		9,683,514
	800,089		Newell Rubbermaid, Inc		34,627,852
	6,381	*	NVR, Inc		9,507,945
	336,500	*	Sony Corp		9,538,568
	392,671	*	Steven Madden Ltd		16,366,527
			TOTAL CONSUMER DURABLES & APPAREL		147,816,332
CONSUMER SERVICES - 1.7%
	189,044		ARAMARK Holdings Corp		6,015,380
	250,000		Darden Restaurants, Inc		18,440,000
	1,325,351	*	Denny’s Corp		15,586,128
	447,259		Extended Stay America, Inc		8,497,921
	314,159		Interval Leisure Group, Inc		6,697,870
	289,311		Marriott International, Inc (Class A)		21,006,872
	347,431	e	Restaurant Brands International, Inc		15,022,916
			TOTAL CONSUMER SERVICES		91,267,087
DIVERSIFIED FINANCIALS - 4.3%
	1,245,000	*	Ally Financial, Inc		28,348,650
	471,577		Ameriprise Financial, Inc		59,263,081
	455,000		Blackstone Group LP		17,858,750
	1,205,462	*	E*TRADE Financial Corp		34,259,230
	703,990		Invesco Ltd		27,174,014
	276,258		Lazard Ltd (Class A)		15,307,456
	436,874		Raymond James Financial, Inc		25,775,566
	545,000	*	Synchrony Financial		18,726,200
			TOTAL DIVERSIFIED FINANCIALS		226,712,947
ENERGY - 10.3%
	510,000		Anadarko Petroleum Corp		37,918,500
	380,000		Apache Corp		17,426,800
	660,000		Baker Hughes, Inc		38,379,000
	2,050,000		Capital Product Partners LP		16,482,000
	153,941		Cimarex Energy Co		16,028,337
	760,801		Columbia Pipeline Group, Inc		22,200,173
	253,020	*	Concho Resources, Inc		26,961,811
	440,077	e	Consol Energy, Inc		7,270,072
	440,500	*	Continental Resources, Inc		14,717,105

41

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	269,975	*	Diamondback Energy, Inc	$	18,169,318
	193,495	*	Dril-Quip, Inc		11,302,043
	400,000		Energen Corp		22,080,000
	325,000		EQT Corp		24,976,250
	791,150	e	Gibson Energy, Inc		11,662,937
	214,755		Hess Corp		12,672,693
	800,000	*,e	Laredo Petroleum Holdings, Inc		6,856,000
	656,013	*	Matador Resources Co		14,451,966
	1,598,015		Nabors Industries Ltd		18,552,954
	178,009		Noble Energy, Inc		6,271,257
	240,510		Oceaneering International, Inc		9,625,210
	160,370		Oneok, Inc		6,060,382
	920,000		Patterson-UTI Energy, Inc		15,166,200
	140,504		Pioneer Natural Resources Co		17,811,692
	718,910		Rowan Cos plc		12,386,819
	660,000	*	RSP Permian, Inc		16,368,000
	209,470		SemGroup Corp		14,891,222
	939,977		Superior Energy Services		15,979,609
	241,670		Targa Resources Investments, Inc		21,375,712
	515,044		Tesco Corp		4,944,423
	250,000		Tesoro Corp		24,335,000
	730,000		Williams Cos, Inc		38,310,400
			TOTAL ENERGY		541,633,885
FOOD, BEVERAGE & TOBACCO - 3.0%
	406,991		Bunge Ltd		32,498,231
	255,237		Molson Coors Brewing Co (Class B)		18,157,560
	567,785		Pinnacle Foods, Inc		25,521,936
	240,777		Reynolds American, Inc		20,656,259
	1,321,187		Tyson Foods, Inc (Class A)		58,594,644
			TOTAL FOOD, BEVERAGE & TOBACCO		155,428,630
HEALTH CARE EQUIPMENT & SERVICES - 6.9%
	130,000		Aetna Inc		14,686,100
	570,000	*	Allscripts Healthcare Solutions, Inc		8,242,200
	2,110,609	*	Boston Scientific Corp		36,597,960
	500,000		Cardinal Health, Inc		42,490,000
	560,000		Cigna Corp		80,673,600
	176,702		Healthsouth Corp		8,075,281
	250,000		Humana, Inc		45,522,500
	642,999		Omnicare, Inc		62,274,453
	160,000	*	Tenet Healthcare Corp		9,008,000
	250,736		Universal Health Services, Inc (Class B)		36,414,389
	191,465		Zimmer Holdings, Inc		19,925,763
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		363,910,246
INSURANCE - 7.0%
	313,420		ACE Ltd		34,090,693
	323,954		Aon plc		32,644,845
	274,886	*	Arch Capital Group Ltd		19,615,865
	1,236,915		Conseco, Inc		22,066,563
	119,764		Everest Re Group Ltd		21,931,184

42

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	1,301,899		Hartford Financial Services Group, Inc	$	61,905,297
	216,983		Intact Financial Corp		14,964,917
	607,553		Marsh & McLennan Cos, Inc		35,201,621
	481,022		Principal Financial Group		26,701,531
	152,160		RenaissanceRe Holdings Ltd		16,326,768
	376,300		UnumProvident Corp		13,486,592
	392,671		Validus Holdings Ltd		18,200,301
	1,285,999		XL Capital Ltd		48,893,682
			TOTAL INSURANCE		366,029,859
MATERIALS - 5.3%
	422,122		Albemarle Corp		22,879,012
	212,161		Ashland, Inc		24,254,245
	680,000		Axiall Corp		20,012,400
	749,946	*	Berry Plastics Group, Inc		24,418,242
	208,459	*	Clearwater Paper Corp		12,267,812
	412,305	*	Crown Holdings, Inc		21,237,831
	461,417		Cytec Industries, Inc		34,250,984
	771,496	*	Ferro Corp		10,716,079
	850,000		Freeport-McMoRan Copper & Gold, Inc (Class B)		9,987,500
	863,877	*	Louisiana-Pacific Corp		12,733,547
	702,882		Nucor Corp		31,025,211
	149,478		Schweitzer-Mauduit International, Inc		5,934,277
	123,080	*	WestRock Co		7,761,425
	405,036	*	WR Grace & Co		40,880,284
			TOTAL MATERIALS		278,358,849
MEDIA - 1.8%
	371,638	*	DISH Network Corp (Class A)		24,011,531
	417,213		EW Scripps Co (Class A)		9,166,170
	1,398,336		Interpublic Group of Cos, Inc		29,784,557
	147,252	*	Madison Square Garden, Inc		12,280,817
	480,000	e	MDC Partners, Inc		8,462,400
	152,160		Tribune Co		7,682,558
			TOTAL MEDIA		91,388,033
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 4.8%
	700,000		Agilent Technologies, Inc		28,665,000
	166,000	*	Allergan plc		54,970,900
	603,055	*	Biovitrum AB		7,938,352
	700,000	e	H Lundbeck AS		16,556,928
	160,507		Lonza Group AG.		23,266,223
	195,000	*	Mallinckrodt plc		24,172,200
	376,104	*,e	Mylan NV		21,058,063
	323,973	*	PerkinElmer, Inc		17,144,651
	158,000		Perrigo Co plc		30,367,600
	174,000	*	United Therapeutics Corp		29,468,640
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		253,608,557
REAL ESTATE - 10.8%
	387,137		American Assets Trust,Inc		16,112,642
	276,833		AvalonBay Communities, Inc		47,709,399

43

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	504,516		Blackstone Mortgage Trust, Inc	$	14,716,732
	217,000		Boston Properties, Inc		26,751,760
	932,595		Brixmor Property Group, Inc		22,820,600
	510,000		DDR Corp		8,313,000
	967,843		DiamondRock Hospitality Co		12,204,500
	421,880	*	Equity Commonwealth		11,053,256
	69,486		Essex Property Trust, Inc		15,628,096
	375,653		Gaming and Leisure Properties, Inc		12,302,636
	1,060,010		General Growth Properties, Inc		28,768,671
	620,000		HCP, Inc		23,956,800
	200,000		Home Properties, Inc		14,740,000
	873,694		Host Marriott Corp		16,932,190
	109,193	*	Howard Hughes Corp		14,845,880
	735,000		Kennedy-Wilson Holdings, Inc		18,610,200
	65,000		Kilroy Realty Corp		4,605,250
	672,450		Kimco Realty Corp		16,616,239
	231,450		Macerich Co		18,321,582
	409,061		Mack-Cali Realty Corp		8,524,831
	1,650,000		MFA Mortgage Investments, Inc		12,424,500
	677,358		Parkway Properties, Inc		12,151,803
	491,829		Pennsylvania REIT		10,780,892
	290,000		Post Properties, Inc		16,512,600
	809,884		Prologis, Inc		32,889,389
	115,000		SL Green Realty Corp		13,241,100
	1,433,251		Starwood Property Trust, Inc		31,187,542
	1,282,612		Two Harbors Investment Corp		13,108,295
	335,000		Vornado Realty Trust		32,679,250
	481,022		Weingarten Realty Investors		16,922,354
	1,538,623		WP GLIMCHER, Inc		20,832,955
			TOTAL REAL ESTATE		566,264,944
RETAILING - 2.8%
	103,076		Advance Auto Parts, Inc		17,956,870
	883,511		Best Buy Co, Inc		28,528,570
	500,656		DSW, Inc (Class A)		16,281,333
	1,128,930	*	Liberty Interactive Corp		32,795,416
	142,343	*	Liberty Ventures		5,904,388
	467,718		Macy’s, Inc		32,300,605
	908,052		Staples, Inc		13,357,445
			TOTAL RETAILING		147,124,627
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.9%
	1,168,198		Applied Materials, Inc		20,279,918
	125,000		Avago Technologies Ltd		15,642,500
	865,000		Broadcom Corp (Class A)		43,777,650
	366,460		Lam Research Corp		28,169,780
	440,000		Maxim Integrated Products, Inc		14,977,600
	230,000	*	NXP Semiconductors NV		22,307,700
	135,000	*	Qorvo, Inc		7,823,250
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		152,978,398

44

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
SOFTWARE & SERVICES - 1.5%
	1,030,762		CA, Inc	$	30,031,251
	75,000	*	Citrix Systems, Inc		5,670,750
	3,808,912		Xerox Corp		41,974,210
			TOTAL SOFTWARE & SERVICES		77,676,211
TECHNOLOGY HARDWARE & EQUIPMENT - 4.1%
	205,000	*	Arrow Electronics, Inc		11,920,750
	2,094,512		Brocade Communications Systems, Inc		21,489,693
	620,000	*	Ciena Corp		15,779,000
	1,567,100	*	JDS Uniphase Corp		17,379,139
	740,000		Juniper Networks, Inc		21,030,800
	592,876	e	Seagate Technology, Inc		29,999,526
	771,496		TE Connectivity Ltd		46,999,536
	600,000		Western Digital Corp		51,636,000
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		216,234,444
TELECOMMUNICATION SERVICES - 1.1%
	626,840	*	Level 3 Communications, Inc		31,655,420
	462,897		Telephone & Data Systems, Inc		13,613,801
	331,171	*	T-Mobile US, Inc		13,465,413
			TOTAL TELECOMMUNICATION SERVICES		58,734,634
TRANSPORTATION - 2.4%
	157,069		Alaska Air Group, Inc		11,897,977
	343,587		American Airlines Group, Inc		13,777,839
	500,000	*	Avis Budget Group, Inc		21,715,000
	231,132		Costamare, Inc		3,936,178
	677,358		CSX Corp		21,187,758
	166,885		Delta Air Lines, Inc		7,399,681
	284,687		Ryder System, Inc		25,769,867
	1,842,337		Safe Bulkers, Inc		6,337,639
	231,450	*	United Continental Holdings, Inc		13,051,466
			TOTAL TRANSPORTATION		125,073,405
UTILITIES - 9.5%
	124,190	*	8Point3 Energy Partners LP		1,977,105
	436,847		American Water Works Co, Inc		22,676,728
	790,784	*	Calpine Corp		14,471,347
	1,276,182		Centerpoint Energy, Inc		24,681,360
	804,977		CMS Energy Corp		27,578,512
	441,755		DTE Energy Co		35,543,607
	736,259		Edison International		44,182,903
	274,869		Eversource Energy		13,666,487
	476,114		FirstEnergy Corp		16,168,831
	145,000		National Fuel Gas Co		7,840,150
	760,801		NiSource, Inc		13,283,586
	323,954		NorthWestern Corp		17,441,683
	752,209		NRG Energy, Inc		16,887,092
	579,190		OGE Energy Corp		17,236,694
	225,786		PG&E Corp		11,856,023
	190,000		Pinnacle West Capital Corp		11,724,900
	1,109,296		PPL Corp		35,286,706

45

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	RATE			MATURITY DATE	VALUE
	854,061		Public Service Enterprise Group, Inc					$	35,588,722
	294,503		Questar Corp						6,520,296
	631,662		Sempra Energy						64,290,558
	402,488		Southwest Gas Corp						22,676,174
	154,615		UIL Holdings Corp						7,412,243
	893,327		Xcel Energy, Inc						30,971,647
			TOTAL UTILITIES						499,963,354
			TOTAL COMMON STOCKS						5,194,816,287
			(Cost $3,930,844,091)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 3.0%
GOVERNMENT AGENCY DEBT - 0.9%
$	7,500,000		Federal Home Loan Bank (FHLB)		0.055	%	08/24/15		7,499,910
	20,800,000		FHLB		0.065		08/28/15		20,799,709
	20,000,000		FHLB		0.060		09/10/15		19,998,940
			TOTAL GOVERNMENT AGENCY DEBT						48,298,559
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.1%
	112,092,718	c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust						112,092,718
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						112,092,718
			TOTAL SHORT-TERM INVESTMENTS						160,391,277
			(Cost $160,390,107)
			TOTAL INVESTMENTS - 102.0%						5,355,207,564
			(Cost $4,091,234,198)
			OTHER ASSETS & LIABILITIES, NET - (2.0)%						(106,603,824	)
			NET ASSETS - 100.0%					$	5,248,603,740

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 $108,516,926.

46

TIAA-CREF FUNDS - Small-Cap Equity Fund

TIAA-CREF FUNDS
SMALL-CAP EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.5%
AUTOMOBILES & COMPONENTS - 1.3%
	573,900	*	American Axle & Manufacturing Holdings, Inc	$	11,466,522
	214,400	*	Gentherm, Inc		10,790,752
	357,074	*	Tenneco, Inc		17,785,856
			TOTAL AUTOMOBILES & COMPONENTS		40,043,130
BANKS - 9.9%
	331,246		BankUnited		12,097,104
	240,883		Banner Corp		11,480,484
	797,071		Brookline Bancorp, Inc		8,982,990
	1,060,232		Capitol Federal Financial		12,743,989
	774,185		Cathay General Bancorp		24,859,080
	330,500		Columbia Banking System, Inc		10,837,095
	627,200		First Commonwealth Financial Corp		5,770,240
	575,711		FirstMerit Corp		10,788,824
	896,138		Fulton Financial Corp		11,613,948
	518,400	*	Hilltop Holdings, Inc		10,912,320
	1,756,505		Investors Bancorp, Inc		21,394,231
	2,105,498	*,e	MGIC Investment Corp		23,307,863
	1,386,247		National Penn Bancshares, Inc		14,860,568
	492,621		Oritani Financial Corp		7,739,076
	367,436	*	Popular, Inc		11,250,890
	491,457		PrivateBancorp, Inc		20,316,833
	287,275		Prosperity Bancshares, Inc		15,682,342
	780,850		Provident Financial Services, Inc		15,320,277
	503,168		Sterling Bancorp/DE		7,492,172
	1,021,300		Umpqua Holdings Corp		18,117,862
	635,300	*	Western Alliance Bancorp		21,492,199
			TOTAL BANKS		297,060,387
CAPITAL GOODS - 6.7%
	292,063	*	Aerovironment, Inc		7,611,162
	243,377	*	American Woodmark Corp		16,004,472
	184,700		Apogee Enterprises, Inc		10,191,746
	177,000	*	Beacon Roofing Supply, Inc		6,195,000
	152,600		Clarcor, Inc		9,181,942
	347,770		Comfort Systems USA, Inc		9,612,363
	159,990		Cubic Corp		7,098,756
	167,289		Curtiss-Wright Corp		11,270,260
	129,353	*	DXP Enterprises, Inc		4,747,255
	355,286		EMCOR Group, Inc		16,993,329
	180,668		Encore Wire Corp		6,202,332
	102,760		General Cable Corp		1,677,043
	99,200		IDEX Corp		7,542,176
	264,600		ITT Corp		10,054,800

47

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	252,111		John Bean Technologies Corp	$	9,189,446
	143,026	*	Masonite International Corp		9,878,806
	483,100	*	MRC Global, Inc		6,207,835
	297,170		Mueller Industries, Inc		9,619,393
	137,600	*	Teledyne Technologies, Inc		14,264,992
	152,294		Tennant Co		9,108,704
	417,914	*	Thermon Group Holdings		10,084,265
	121,046		Universal Forest Products, Inc		7,686,421
			TOTAL CAPITAL GOODS		200,422,498
COMMERCIAL & PROFESSIONAL SERVICES - 4.0%
	451,253		ABM Industries, Inc		14,873,299
	205,000		Administaff, Inc		10,307,400
	144,502		Exponent, Inc		6,428,894
	429,604		Korn/Ferry International		14,383,142
	288,192	*	On Assignment, Inc		11,043,517
	359,319		Resources Connection, Inc		5,688,020
	421,431		Rollins, Inc		12,221,499
	649,437	*	RPX Corp		10,053,285
	586,327	*	TrueBlue, Inc		15,103,783
	199,647		Viad Corp		5,723,880
	264,575	*	WageWorks, Inc		13,215,521
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		119,042,240
CONSUMER DURABLES & APPAREL - 2.7%
	174,450		Brunswick Corp		9,261,551
	146,200		Columbia Sportswear Co		10,459,148
	144,700	*	G-III Apparel Group Ltd		10,451,681
	106,400	*	Helen of Troy Ltd		9,339,792
	280,000		La-Z-Boy, Inc		7,112,000
	83,811		Oxford Industries, Inc		7,034,257
	304,605	*	Steven Madden Ltd		12,695,936
	994,300	*	TRI Pointe Homes, Inc		14,715,640
			TOTAL CONSUMER DURABLES & APPAREL		81,070,005
CONSUMER SERVICES - 4.6%
	791,025	*	Belmond Ltd.		9,579,313
	84,300	*	Buffalo Wild Wings, Inc		16,487,394
	101,465		Domino’s Pizza, Inc		11,550,775
	340,051	*	Grand Canyon Education, Inc		14,768,415
	250,449	*	Hyatt Hotels Corp		13,982,568
	202,200		Jack in the Box, Inc		19,209,000
	368,735	*	K12, Inc		4,863,615
	81,641		Marriott Vacations Worldwide Corp		6,825,187
	569,649		Service Corp International		17,379,991
	219,200		Vail Resorts, Inc		24,044,048
			TOTAL CONSUMER SERVICES		138,690,306
DIVERSIFIED FINANCIALS - 1.0%
	289,080	*	Enova International, Inc		5,226,567
	208,508		Evercore Partners, Inc (Class A)		12,260,270
	442,700	e	WisdomTree Investments, Inc		11,023,230
			TOTAL DIVERSIFIED FINANCIALS		28,510,067

48

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
ENERGY - 3.0%
	225,302		Delek US Holdings, Inc	$	8,036,522
	117,000	*	Diamondback Energy, Inc		7,874,100
	387,500		Green Plains Renewable Energy, Inc		8,699,375
	795,260	*	Kosmos Energy LLC		5,725,872
	422,562	*	Matrix Service Co		8,189,252
	1,951,900	*,e	McDermott International, Inc		8,588,360
	1,200,774	*	Pioneer Energy Services Corp		4,394,833
	355,500		Questar Market Resources, Inc		4,934,340
	637,298	*	Renewable Energy Group, Inc		6,500,440
	1,335,587		Scorpio Tankers, Inc		14,344,204
	185,100		Western Refining, Inc		8,174,016
	623,400	*	WPX Energy, Inc		5,423,580
			TOTAL ENERGY		90,884,894
FOOD & STAPLES RETAILING - 1.1%
	183,322		Casey’s General Stores, Inc		18,738,258
	1,627,900	*	Supervalu, Inc		15,009,238
			TOTAL FOOD & STAPLES RETAILING		33,747,496
	FOOD, BEVERAGE & TOBACCO - 2.3%
	619,700		Dean Foods Co		11,030,660
	84,502		J&J Snack Foods Corp		10,001,657
	158,000		Lancaster Colony Corp		14,727,180
	226,900	*,e	Post Holdings, Inc		12,193,606
	113,565	e	Sanderson Farms, Inc		8,177,815
	472,700	e	Vector Group Ltd		11,968,764
			TOTAL FOOD, BEVERAGE & TOBACCO		68,099,682
	HEALTH CARE EQUIPMENT & SERVICES - 7.6%
	187,400	*	Abiomed, Inc		14,516,004
	376,924	*	AMN Healthcare Services, Inc		11,092,874
	209,900	*	Angiodynamics, Inc		3,253,450
	129,677	*	Anika Therapeutics, Inc		4,914,758
	198,424	*	Cynosure, Inc (Class A)		7,698,851
	969,192	*	Five Star Quality Care, Inc		4,380,748
	380,258	*	Globus Medical, Inc		10,670,040
	94,963	*	Health Net, Inc		6,349,226
	352,470	*	HealthStream, Inc		9,890,308
	226,200		Hill-Rom Holdings, Inc		12,673,986
	148,843	*	ICU Medical, Inc		14,872,392
	440,130		Kindred Healthcare, Inc		9,079,882
	353,761	*	MedAssets, Inc		8,242,631
	172,782	*	Molina Healthcare, Inc		13,032,946
	279,239	*	Natus Medical, Inc		12,610,433
	223,490	*	NuVasive, Inc		12,294,185
	263,641	*	Omnicell, Inc		9,628,169
	983,567	*	OraSure Technologies, Inc		4,858,821
	305,343	*	PharMerica Corp		10,433,570
	278,030	*	Premier, Inc		9,942,353

49

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	392,173		Quality Systems, Inc	$	5,000,206
	236,000	*	Team Health Holdings, Inc		15,908,760
	153,480	*	Thoratec Corp		9,713,749
	75,521	*	Vascular Solutions, Inc		2,811,647
	36,433	*	WellCare Health Plans, Inc		2,943,787
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		226,813,776
INSURANCE - 2.9%
	302,937		Aspen Insurance Holdings Ltd		14,568,240
	305,729	e	HCI Group, Inc		13,721,118
	613,510		Maiden Holdings Ltd		10,147,455
	1,021,492	*	MBIA, Inc		6,077,877
	631,504		Old Republic International Corp		10,565,062
	291,200		Selective Insurance Group, Inc		8,971,872
	532,504	*	Third Point Reinsurance Ltd		7,913,009
	294,307		Validus Holdings Ltd		13,641,130
			TOTAL INSURANCE		85,605,763
MATERIALS - 3.6%
	260,890		A. Schulman, Inc		9,712,935
	37,338		Aptargroup, Inc		2,531,143
	534,500	*	Berry Plastics Group, Inc		17,403,320
	1,755,636	*,e	Coeur Mining, Inc		6,197,395
	852,799		Commercial Metals Co		13,141,632
	252,436		Innospec, Inc		10,917,857
	268,740		Minerals Technologies, Inc		17,400,915
	77,532		OM Group, Inc		2,626,784
	175,800		Reliance Steel & Aluminum Co		10,653,480
	359,114		Schnitzer Steel Industries, Inc (Class A)		5,641,681
	149,799		Sensient Technologies Corp		10,244,754
			TOTAL MATERIALS		106,471,896
MEDIA - 0.9%
	605,580	*	Live Nation, Inc		15,878,308
	431,900		Time, Inc		9,640,008
			TOTAL MEDIA		25,518,316
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 10.8%
	229,800	*	Acadia Pharmaceuticals, Inc		11,216,538
	313,100	*,e	Achillion Pharmaceuticals, Inc		2,667,612
	120,500	*	Acorda Therapeutics, Inc		4,140,380
	325,786	*	Agenus, Inc		2,782,212
	139,520	*	Alder Biopharmaceuticals, Inc		6,476,518
	76,600	*	Anacor Pharmaceuticals, Inc		11,427,954
	62,550	*,e	ANI Pharmaceuticals, Inc		4,442,926
	305,600	*	BioCryst Pharmaceuticals, Inc		4,730,688
	46,300	*	Bluebird Bio, Inc		7,677,929
	254,496	*	Cambrex Corp		12,533,928
	119,396	*	Cara Therapeutics Inc		2,544,329
	428,358	*	Catalent, Inc		14,598,441
	201,400	*,e	Celldex Therapeutics, Inc		4,742,970
	219,404	*	Cepheid, Inc		12,196,668

50

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	60,000	*	Clovis Oncology, Inc	$	5,065,800
	801,896	*,e	CTI BioPharma Corp		1,483,508
	505,576	*,e	Cytokinetics, Inc		3,230,631
	188,252	*,e	Depomed, Inc		5,929,938
	97,500	*	Dermira, Inc		2,201,550
	145,007	*	Dyax Corp		3,568,622
	217,257	*,e	FibroGen, Inc		5,051,225
	120,900	*	Five Prime Therapeutics, Inc		2,843,568
	88,300	*,e	Heron Therapeutics, Inc		2,855,622
	257,600	*,e	Horizon Pharma plc		9,492,560
	180,083	*	Impax Laboratories, Inc		8,726,822
	334,063	*	INC Research Holdings, Inc		16,713,172
	431,900	*	Infinity Pharmaceuticals, Inc		3,774,806
	209,600	*	Insmed, Inc		5,680,160
	79,900	*	Intra-Cellular Therapies, Inc		2,325,090
	102,370	*,e	Isis Pharmaceuticals, Inc		5,623,184
	126,838	*	MacroGenics, Inc		4,769,109
	311,470	*	Medicines Co		9,777,043
	300,000	*,e	Merrimack Pharmaceuticals, Inc		3,030,000
	203,782	*	Momenta Pharmaceuticals, Inc		4,430,221
	205,400	*	Neurocrine Biosciences, Inc		10,294,648
	250,000	*	Novavax, Inc		3,015,000
	197,800	*	Parexel International Corp		13,640,288
	394,810	*	PRA Health Sciences, Inc		16,578,072
	271,901	*	Prestige Brands Holdings, Inc		12,947,926
	154,121	*,e	Prothena Corp plc		10,167,362
	48,451	*,e	Puma Biotechnology, Inc		4,389,661
	344,300	*	Raptor Pharmaceutical Corp		4,902,832
	118,300	*	Retrophin, Inc		3,754,842
	177,581	*	Sagent Pharmaceuticals		4,364,941
	40,411	*,e	Spark Therapeutics, Inc		2,482,852
	547,600	*,e	Spectrum Pharmaceuticals, Inc		3,786,654
	336,576	*	Supernus Pharmaceuticals, Inc		7,138,777
	93,300	*	TESARO, Inc		5,411,400
	73,600	*	Tetraphase Pharmaceuticals, Inc		3,499,680
	48,164	*	Ultragenyx Pharmaceutical, Inc		5,824,473
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		320,951,132
REAL ESTATE - 8.3%
	178,900		American Assets Trust,Inc		7,445,818
	109,259		Coresite Realty		5,484,802
	1,178,652		Cousins Properties, Inc		12,234,408
	704,544		CubeSmart		18,430,871
	330,800		DCT Industrial Trust, Inc		11,498,608
	1,478,722		DiamondRock Hospitality Co		18,646,684
	525,470		DuPont Fabros Technology, Inc		15,842,921
	149,310		EastGroup Properties, Inc		8,988,462
	331,700		Entertainment Properties Trust		18,946,704
	1,131,932		FelCor Lodging Trust, Inc		10,594,883
	387,456		Kennedy-Wilson Holdings, Inc		9,810,386
	1,482,793		Lexington Realty Trust		12,752,020
	802,000		New Residential Investment Corp		12,583,380

51

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	129,678		PS Business Parks, Inc	$	9,983,909
	594,410		Retail Opportunities Investment Corp		10,194,131
	463,200		RLJ Lodging Trust		13,817,256
	104,529		Saul Centers, Inc		5,422,965
	225,554		Sovran Self Storage, Inc		21,474,996
	828,110		Summit Hotel Properties, Inc		11,287,139
	884,465		Sunstone Hotel Investors, Inc		12,444,423
			TOTAL REAL ESTATE		247,884,766
RETAILING - 3.4%
	361,751		Aaron’s, Inc		13,377,552
	813,700		American Eagle Outfitters, Inc		14,443,175
	95,704	*	America’s Car-Mart, Inc		4,427,267
	361,000	*	Barnes & Noble, Inc		9,490,690
	111,800		Children’s Place Retail Stores, Inc		6,473,220
	259,400		DSW, Inc (Class A)		8,435,688
	552,400	*	Express Parent LLC		10,517,696
	290,300		Finish Line, Inc (Class A)		7,980,347
	119,600		Group 1 Automotive, Inc		11,597,612
	458,300	*	Office Depot, Inc		3,666,400
	368,050	*	Select Comfort Corp		9,584,022
			TOTAL RETAILING		99,993,669
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.7%
	238,415	*	Advanced Energy Industries, Inc		6,244,089
	166,589	*	Cabot Microelectronics Corp		7,553,145
	139,100	*	Cavium Networks, Inc		9,430,980
	568,900		Cypress Semiconductor Corp		6,530,972
	599,100	*	Fairchild Semiconductor International, Inc		9,022,446
	419,600	*	Inphi Corp		9,537,508
	399,673	*	Integrated Device Technology, Inc		7,637,751
	686,181		Intersil Corp (Class A)		7,637,195
	855,211	*	Lattice Semiconductor Corp		4,207,638
	165,643		Monolithic Power Systems, Inc		8,565,400
	306,393	*	Photronics, Inc		2,527,742
	1,215,729	*	PMC - Sierra, Inc		8,279,114
	549,236	*	Rudolph Technologies, Inc		6,162,428
	143,500	*	Silicon Laboratories, Inc		6,456,065
	342,600		Tessera Technologies, Inc		11,874,516
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		111,666,989
SOFTWARE & SERVICES - 10.1%
	322,855	*	Aspen Technology, Inc		14,328,305
	226,800	*	Blackhawk Network Holdings, Inc		10,416,924
	253,700	*	BroadSoft, Inc		8,859,204
	242,431	*	Constant Contact, Inc		6,264,417
	252,914	*	EPAM Systems, Inc		18,743,456
	463,972	*,e	Everyday Health, Inc		5,507,348
	325,551	*	ExlService Holdings, Inc		12,621,612
	255,000	*	GrubHub, Inc		8,086,050
	167,300	*	Imperva, Inc		10,991,610
	359,714	*	Infoblox, Inc		8,453,279

52

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	569,908	*	Liveperson, Inc	$	5,476,816
	168,970	*	LogMeIn, Inc		12,432,812
	185,654	*	Luxoft Holding, Inc		11,651,645
	304,442	*	Manhattan Associates, Inc		19,733,930
	245,231		MAXIMUS, Inc		16,727,206
	503,791		NIC, Inc		9,088,390
	597,100	*	Nuance Communications, Inc		10,825,423
	578,879	*	Progress Software Corp		17,181,129
	279,900	*	QLIK Technologies, Inc		11,324,754
	524,386	*	Rubicon Project, Inc		9,140,048
	207,400	*	SolarWinds, Inc		8,273,186
	225,408		Solera Holdings, Inc		8,247,679
	102,554	*	SPS Commerce, Inc		7,399,271
	171,095		SS&C Technologies Holdings, Inc		11,639,593
	216,300	*	Synchronoss Technologies, Inc		10,339,140
	823,575	*	TA Indigo Holding Corp		9,355,812
	139,301	*	Tyler Technologies, Inc		19,438,062
			TOTAL SOFTWARE & SERVICES		302,547,101
TECHNOLOGY HARDWARE & EQUIPMENT - 4.5%
	331,670	e	Alliance Fiber Optic Products, Inc		6,656,617
	420,229	*	Benchmark Electronics, Inc		9,270,252
	550,000	*	Ciena Corp		13,997,500
	135,694	*	Coherent, Inc		7,863,467
	458,868	*	II-VI, Inc		7,800,756
	500,334	*	Immersion Corp		6,864,583
	163,249		InterDigital, Inc		8,826,873
	632,658	*	Ixia		8,351,086
	347,400		Jabil Circuit, Inc		7,034,850
	296,753	*	Plexus Corp		11,318,159
	724,400	*	Polycom, Inc		8,243,672
	761,937	*	QLogic Corp		6,758,381
	631,980	*	Sanmina Corp		13,947,799
	94,300	*	Synaptics, Inc		7,485,534
	407,100	*	TTM Technologies, Inc		3,716,823
	137,800	*	Universal Display Corp		6,574,438
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		134,710,790
TELECOMMUNICATION SERVICES - 1.8%
	1,342,531	*	8x8, Inc		11,693,445
	864,232		Inteliquent, Inc		15,729,022
	607,845	*	Premiere Global Services, Inc		6,558,648
	2,918,339	*	Vonage Holdings Corp		18,648,186
			TOTAL TELECOMMUNICATION SERVICES		52,629,301
TRANSPORTATION - 2.4%
	867,305	*	Air Transport Services Group, Inc		8,976,607
	248,200	*	Atlas Air Worldwide Holdings, Inc		12,199,030
	193,579	*	Echo Global Logistics, Inc		6,252,602
	464,003		Matson, Inc		19,219,004
	624,491		Skywest, Inc		10,341,571
	598,500	*	UTI Worldwide, Inc		5,027,400

53

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	RATE			MATURITY DATE	VALUE
	519,514	*	YRC Worldwide, Inc					$	10,026,620
			TOTAL TRANSPORTATION						72,042,834
UTILITIES - 2.9%
	392,073		American States Water Co						15,114,414
	463,603		Avista Corp						15,308,171
	323,655		Black Hills Corp						13,483,468
	414,930		California Water Service Group						8,933,443
	424,518		New Jersey Resources Corp						12,268,570
	231,600		Southwest Gas Corp						13,048,344
	576,300	*	Talen Energy Corp						9,065,199
			TOTAL UTILITIES						87,221,609
			TOTAL COMMON STOCKS						2,971,628,647
			(Cost $2,604,882,854)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 3.9%
GOVERNMENT AGENCY DEBT - 0.4%
$	8,500,000	d	Federal Home Loan Bank (FHLB)		0.060	%	08/07/15		8,499,983
	3,275,000	d	FHLB		0.055		08/14/15		3,274,980
			TOTAL GOVERNMENT AGENCY DEBT						11,774,963
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 3.5%
	103,818,561	c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust						103,818,561
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						103,818,561
			TOTAL SHORT-TERM INVESTMENTS						115,593,524
			(Cost $115,593,411)
			TOTAL INVESTMENTS - 103.4%						3,087,222,171
			(Cost $2,720,476,265)
			OTHER ASSETS & LIABILITIES, NET - (3.4)%						(101,162,004	)
			NET ASSETS - 100.0%					$	2,986,060,167

*	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 by the custodian 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 $102,008,693.

54

TIAA-CREF FUNDS - Social Choice Equity Fund

TIAA-CREF FUNDS
SOCIAL CHOICE EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.7%
AUTOMOBILES & COMPONENTS - 1.8%
	13,314		BorgWarner, Inc	$	661,839
	1,288,424		Ford Motor Co		19,107,328
	92,177		Harley-Davidson, Inc		5,373,919
	303,890		Johnson Controls, Inc		13,845,228
	22,556	*	Modine Manufacturing Co		228,492
	38,837	*,e	Tesla Motors, Inc		10,336,468
			TOTAL AUTOMOBILES & COMPONENTS		49,553,274
BANKS - 3.9%
	1,579		1st Source Corp		53,670
	3,727		Ameris Bancorp		100,666
	40,882		Apollo Residential Mortgage		591,971
	1,649		Arrow Financial Corp		45,413
	20,257		Associated Banc-Corp		399,265
	4,424		Astoria Financial Corp		66,891
	11,989		Bank Mutual Corp		87,160
	6,214		Bank of Hawaii Corp		419,259
	15,284		Bank of the Ozarks, Inc		674,330
	3,518		Banner Corp		167,668
	420,085		BB&T Corp		16,916,823
	2,381		BBCN Bancorp, Inc		36,548
	5,145		Berkshire Hills Bancorp, Inc		149,720
	14,376		Boston Private Financial Holdings, Inc		180,850
	9,648		Brookline Bancorp, Inc		108,733
	2,210		Bryn Mawr Bank Corp		63,736
	1,251		Camden National Corp		50,365
	4,117	*	Capital Bank Financial Corp		123,386
	1,470		Capitol Federal Financial		17,669
	4,565		Cardinal Financial Corp		106,638
	690		Cathay General Bancorp		22,156
	6,266		Centerstate Banks of Florida, Inc		87,348
	46,146		CIT Group, Inc		2,170,708
	2,900		CoBiz, Inc		37,091
	440		Columbia Banking System, Inc		14,428
	65,875		Comerica, Inc		3,124,451
	266		Commerce Bancshares, Inc		12,526
	797	e	Community Bank System, Inc		30,469
	1,572		Community Trust Bancorp, Inc		55,036
	3,270		Cullen/Frost Bankers, Inc		236,912
	4,591	*	Customers Bancorp, Inc		115,464
	3,717		East West Bancorp, Inc		166,373
	12,279		Federal Agricultural Mortgage Corp (Class C)		328,463
	3,538		First Bancorp (NC)		60,394
	16,895		First Commonwealth Financial Corp		155,434

55

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	5,287		First Community Bancshares, Inc	$	94,056
	977		First Financial Corp		32,417
	6,758		First Interstate Bancsystem, Inc		187,399
	4,340		First Merchants Corp		112,970
	574		First Niagara Financial Group, Inc		5,574
	2,724		Flushing Financial Corp		56,550
	1,130		FNB Corp		15,583
	540		Glacier Bancorp, Inc		15,174
	1,439		Great Southern Bancorp, Inc		59,719
	1,279		Hancock Holding Co		37,372
	2,748		Heartland Financial USA, Inc		103,545
	2,942		Heritage Financial Corp		52,073
	9,186		HomeStreet, Inc		207,695
	5,901	*	HomeTrust Bancshares, Inc		101,143
	2,618		IBERIABANK Corp		168,992
	5,708		Investors Bancorp, Inc		69,523
	653,676		Keycorp		9,700,552
	5,883		Lakeland Bancorp, Inc		66,478
	1,857		Lakeland Financial Corp		78,997
	111,679		M&T Bank Corp		14,646,701
	17,553	*	MGIC Investment Corp		194,312
	6,254		National Bank Holdings Corp		135,337
	22,275		National Penn Bancshares, Inc		238,788
	310		NBT Bancorp, Inc		8,379
	60,219	e	New York Community Bancorp, Inc		1,145,968
	5,817		Northfield Bancorp, Inc		87,604
	11,696	e	OFG Bancorp		94,270
	7,838		Old National Bancorp		112,789
	921		Opus Bank		36,057
	8,836		PacWest Bancorp		409,018
	2,510		Peoples Bancorp, Inc		52,810
	982	e	People’s United Financial, Inc		15,977
	6,391		Pinnacle Financial Partners, Inc		339,298
	199,634		PNC Financial Services Group, Inc		19,600,066
	48,562	*	Popular, Inc		1,486,968
	12,870		PrivateBancorp, Inc		532,046
	21,071		Provident Financial Services, Inc		413,413
	187,368	e	Radian Group, Inc		3,458,813
	1,781		Republic Bancorp, Inc (Class A)		44,792
	3,278		S&T Bancorp, Inc		101,356
	1,440	*	Signature Bank		209,650
	4,034		Southside Bancshares, Inc		110,209
	6,312		State Bank & Trust Co		127,818
	1,421		Stock Yards Bancorp, Inc		52,378
	33,714		Susquehanna Bancshares, Inc		478,739
	11,029	*	SVB Financial Group		1,578,250
	429		TCF Financial Corp		7,061
	870	*	Texas Capital Bancshares, Inc		51,278
	17,614	*	The Bancorp, Inc		147,077
	1,788		Trico Bancshares		44,325
	3,211	*	Tristate Capital Holdings, Inc		40,555
	350		Trustmark Corp		8,414

56

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	2,167		UMB Financial Corp	$	118,795
	650		Umpqua Holdings Corp		11,531
	1,980		United Bankshares, Inc		80,249
	6,589		United Financial Bancorp, Inc (New)		88,886
	1,561		Univest Corp of Pennsylvania		31,111
	500,757		US Bancorp		22,639,224
	3,318	*	Walker & Dunlop, Inc		79,466
	1,289		Washington Trust Bancorp, Inc		51,264
	3,230		Webster Financial Corp		124,872
	1,553	e	Westamerica Bancorporation		76,066
	13,557	*	Western Alliance Bancorp		458,633
	12,624		Wilshire Bancorp, Inc		146,691
	230		Wintrust Financial Corp		12,402
	3,911		WSFS Financial Corp		112,285
	14,360		Zions Bancorporation		447,888
			TOTAL BANKS		108,633,705
CAPITAL GOODS - 6.4%
	158,515		3M Co		23,989,660
	5,778		A.O. Smith Corp		414,976
	1,328		American Science & Engineering, Inc		59,348
	180,779		Ametek, Inc		9,590,326
	286		Applied Industrial Technologies, Inc		11,048
	2,250		Argan, Inc		87,480
	21,542	*	ArvinMeritor, Inc		303,311
	46,198		Barnes Group, Inc		1,798,488
	419	*	Beacon Roofing Supply, Inc		14,665
	9,760		Briggs & Stratton Corp		180,365
	46,759	*	Builders FirstSource, Inc		703,255
	3,206	*	CAI International, Inc		45,076
	121,895		Caterpillar, Inc		9,584,604
	4,135	*,e	Colfax Corp		157,709
	84,493		Cummins, Inc		10,944,378
	222,459		Danaher Corp		20,368,346
	144,633		Deere & Co		13,677,943
	27,134		Dover Corp		1,738,475
	137,592		Eaton Corp		8,335,323
	1,365		EMCOR Group, Inc		65,288
	7,087	*,e	Enphase Energy, Inc		41,884
	6,232	*	Esterline Technologies Corp		552,529
	59,517	e	Fastenal Co		2,491,382
	5,388		Fluor Corp		251,889
	23,628	*	Furmanite Corp		154,055
	300		GATX Corp		15,912
	7,479		Graco, Inc		534,674
	245		Granite Construction, Inc		8,335
	1,410		H&E Equipment Services, Inc		25,295
	17,572		Hexcel Corp		911,811
	175,383		Illinois Tool Works, Inc		15,691,517
	53,624		Ingersoll-Rand plc		3,292,514
	500	*	Jacobs Engineering Group, Inc		21,060
	5,879	*,e	KEYW Holding Corp		47,796

57

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	7,720		Lincoln Electric Holdings, Inc	$	467,446
	185,696		Masco Corp		4,900,517
	447	*	Middleby Corp		54,847
	2,279		MSC Industrial Direct Co (Class A)		162,402
	3,829	*	MYR Group, Inc		115,023
	31,675		Nordson Corp		2,347,434
	66,007		Owens Corning, Inc		2,960,414
	115,342		Paccar, Inc		7,478,775
	11,893		Pall Corp		1,503,870
	13,733		Parker Hannifin Corp		1,548,396
	41,937		Pentair plc		2,550,189
	30,018	*,e	Plug Power, Inc		77,747
	16,692	*	Polypore International, Inc		1,003,523
	65,992		Precision Castparts Corp		12,863,161
	44,063	*	Quanta Services, Inc		1,217,020
	37,955		Rockwell Automation, Inc		4,432,385
	24,347		Rockwell Collins, Inc		2,060,243
	14,759		Roper Industries, Inc		2,468,738
	2,611	*	Rush Enterprises, Inc (Class A)		66,554
	2,702		TAL International Group, Inc		53,500
	19,212		Tennant Co		1,149,070
	6,850		Timken Co		228,653
	3,116	*,e	Titan Machinery, Inc		43,780
	15,096	*	United Rentals, Inc		1,011,281
	1,485	*	Veritiv Corp		55,331
	1,480	e	W.W. Grainger, Inc		338,491
	10,000	*	Wabash National Corp		137,400
	1,355	*,e	WESCO International, Inc		83,143
	6,028		Woodward Governor Co		297,542
	4,656		Xylem, Inc		160,772
			TOTAL CAPITAL GOODS		177,948,364
COMMERCIAL & PROFESSIONAL SERVICES - 0.6%
	540		ABM Industries, Inc		17,798
	31,088	e	Acacia Research (Acacia Technologies)		292,538
	149,459	*	ACCO Brands Corp		1,222,575
	305		Brink’s Co		9,525
	2,534		CDI Corp		30,687
	3,343		CEB, Inc		255,806
	3,781		Ceco Environmental Corp		34,029
	16,873	*	Civeo Corp		36,108
	1,690	*	Copart, Inc		60,891
	650		Covanta Holding Corp		12,831
	7,924		Deluxe Corp		510,543
	32,884		Dun & Bradstreet Corp		4,102,937
	8,668		Equifax, Inc		885,263
	290		Essendant, Inc		10,678
	4,282		Heidrick & Struggles International, Inc		93,647
	5,092		HNI Corp		252,512
	3,579	*	IHS, Inc (Class A)		447,482
	5,010		Interface, Inc		130,110
	1,760		Kelly Services, Inc (Class A)		26,294

58

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	5,758		Kimball International, Inc (Class B)	$	65,181
	590		Knoll, Inc		14,278
	690		Korn/Ferry International		23,101
	10,228		Manpower, Inc		925,430
	3,562	*	Mistras Group, Inc		64,080
	430		Mobile Mini, Inc		15,966
	8,831	*	Navigant Consulting, Inc		138,823
	970	*	On Assignment, Inc		37,170
	45,468	e	R.R. Donnelley & Sons Co		797,964
	6,963		Resources Connection, Inc		110,224
	61,470		Robert Half International, Inc		3,382,694
	4,160	*	RPX Corp		64,397
	1,210		Steelcase, Inc (Class A)		21,599
	10,180		Tetra Tech, Inc		271,195
	2,825	*	TriNet Group, Inc		75,936
	3,673		Viad Corp		105,305
	40,482		Waste Management, Inc		2,069,845
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		16,615,442
CONSUMER DURABLES & APPAREL - 1.4%
	8,825	*	Black Diamond, Inc		83,793
	13,930		Callaway Golf Co		127,599
	396		Columbia Sportswear Co		28,330
	1,530		CSS Industries, Inc		43,437
	490	e	Ethan Allen Interiors, Inc		14,793
	53,158		Hanesbrands, Inc		1,649,493
	258		Hasbro, Inc		20,315
	22,739	*	Kate Spade & Co		457,509
	202,478		Mattel, Inc		4,699,514
	7,028	*	Meritage Homes Corp		316,963
	595	*	Michael Kors Holdings Ltd		24,984
	3,220	*	Mohawk Industries, Inc		649,120
	6,980		Movado Group, Inc		176,803
	5,166		Newell Rubbermaid, Inc		223,584
	203,383		Nike, Inc (Class B)		23,433,789
	1,614		Phillips-Van Heusen Corp		187,289
	397		Pool Corp		27,957
	26,012	*	Standard-Pacific Corp		233,848
	399	*	Tempur-Pedic International, Inc		30,144
	31,084	*	Under Armour, Inc (Class A)		3,087,574
	4,706	*	Unifi, Inc		145,227
	19,811		VF Corp		1,527,230
	587		Weyco Group, Inc		16,941
	3,389		Whirlpool Corp		602,327
			TOTAL CONSUMER DURABLES & APPAREL		37,808,563
CONSUMER SERVICES - 2.8%
	1,289		Bob Evans Farms, Inc		64,347
	7,805		Brinker International, Inc		467,520
	38,390		Choice Hotels International, Inc		1,944,837
	33,819		Darden Restaurants, Inc		2,494,489
	320		DineEquity, Inc		33,283

59

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	5,070		Domino’s Pizza, Inc	$	577,169
	1,850	e	Dunkin Brands Group, Inc		99,697
	359		Jack in the Box, Inc		34,105
	149,371		Marriott International, Inc (Class A)		10,845,828
	246,533		McDonald’s Corp		24,618,786
	178,343	*	MGM Resorts International		3,499,090
	9,927	*	Popeyes Louisiana Kitchen, Inc		602,370
	15,819		Royal Caribbean Cruises Ltd		1,421,337
	39,632	*	Ruby Tuesday, Inc		290,899
	38,369		Service Corp International		1,170,638
	9,766		Sonic Corp		290,246
	424,125		Starbucks Corp		24,569,561
	55,313		Starwood Hotels & Resorts Worldwide, Inc		4,395,171
	190		Vail Resorts, Inc		20,841
			TOTAL CONSUMER SERVICES		77,440,214
DIVERSIFIED FINANCIALS - 6.4%
	52,376	*	Ally Financial, Inc		1,192,602
	270,048		American Express Co		20,539,851
	1,075		Ameriprise Financial, Inc		135,095
	450,091		Bank of New York Mellon Corp		19,533,949
	49,451		BlackRock, Inc		16,631,360
	430		CBOE Holdings, Inc		26,651
	528,637		Charles Schwab Corp		18,438,859
	124,077		CME Group, Inc		11,916,355
	280		Cohen & Steers, Inc		8,655
	1,343	*	Credit Acceptance Corp		322,602
	241,166		Discover Financial Services		13,459,474
	235,285		Franklin Resources, Inc		10,717,232
	9,333	*	Green Dot Corp		193,380
	53,137		IntercontinentalExchange Group, Inc		12,117,362
	203,789		Invesco Ltd		7,866,255
	23,497		Janus Capital Group, Inc		384,881
	24,238		Legg Mason, Inc		1,195,903
	29,667		NASDAQ OMX Group, Inc		1,513,907
	3,942		Nelnet, Inc (Class A)		155,275
	202,190		Northern Trust Corp		15,465,513
	7,580	*	PHH Corp		189,197
	4,106	*	Pico Holdings, Inc		50,627
	3,216	*	Safeguard Scientifics, Inc		59,046
	185,701		State Street Corp		14,217,269
	113,676		T Rowe Price Group, Inc		8,767,830
	3,000		TD Ameritrade Holding Corp		110,190
	25,591		Voya Financial, Inc		1,201,497
	6,764	*,e	Walter Investment Management Corp		147,455
	19,340	e	WisdomTree Investments, Inc		481,566
			TOTAL DIVERSIFIED FINANCIALS		177,039,838
ENERGY - 6.8%
	130,417		Apache Corp		5,980,924
	7,074	*,e	Approach Resources, Inc		27,518
	6,796	e	Atwood Oceanics, Inc		141,357

60

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	89,631		Baker Hughes, Inc	$	5,212,043
	7,075	*	Bonanza Creek Energy, Inc		55,256
	93,320	*	Callon Petroleum Co		610,313
	71,294	*	Cameron International Corp		3,597,495
	2,638	e	CARBO Ceramics, Inc		86,658
	78,257	*	Cheniere Energy, Inc		5,397,385
	37,587		Cimarex Energy Co		3,913,558
	97,571	*,e	Clean Energy Fuels Corp		562,009
	10,900	*,e	Cloud Peak Energy, Inc		34,662
	237,723		Columbia Pipeline Group, Inc		6,936,757
	10,655	*	Concho Resources, Inc		1,135,397
	13,967	*	Contango Oil & Gas Co		128,217
	112,934	*	Continental Resources, Inc		3,773,125
	2,470		Delek US Holdings, Inc		88,105
	187,726	*	Devon Energy Corp		9,277,419
	1,150		Energen Corp		63,480
	194,192		EOG Resources, Inc		14,989,680
	60,549		EQT Corp		4,653,191
	1,665		Exterran Holdings, Inc		41,275
	3,777	*	FMC Technologies, Inc		123,734
	3,180	*,e	Geospace Technologies Corp		55,459
	6,722		Green Plains Renewable Energy, Inc		150,909
	145,886		Hess Corp		8,608,733
	78,319	*	ION Geophysical Corp		61,864
	149,559	*	Key Energy Services, Inc		136,114
	234,465		Marathon Oil Corp		4,926,110
	302,698		Marathon Petroleum Corp		16,548,500
	5,304	*	Matrix Service Co		102,792
	184,819		National Oilwell Varco, Inc		7,786,424
	2,239	*	Natural Gas Services Group, Inc		45,049
	29,234	*	Newfield Exploration Co		958,583
	125,112		Noble Energy, Inc		4,407,696
	3,520	*,e	Oasis Petroleum, Inc		33,898
	208,138		Occidental Petroleum Corp		14,611,288
	458		Oceaneering International, Inc		18,329
	422	*	Oil States International, Inc		12,706
	58,312		Oneok, Inc		2,203,610
	8,658	*	PDC Energy, Inc		406,493
	180,309		Phillips 66		14,334,565
	65,995		Pioneer Natural Resources Co		8,366,186
	1,928		Range Resources Corp		75,848
	11,132	*,e	Rex Energy Corp		24,936
	2,148	*,e	RigNet, Inc		55,698
	79	*	SEACOR Holdings, Inc		4,990
	64,409	*	Southwestern Energy Co		1,198,007
	362,558		Spectra Energy Corp		10,971,005
	26,088		St. Mary Land & Exploration Co		967,082
	31,883		Superior Energy Services		542,011
	6,235		Tesco Corp		59,856
	15,125		Tesoro Corp		1,472,267
	14,184	*	Tetra Technologies, Inc		67,516
	30,215	*,e	Ultra Petroleum Corp		235,073

61

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	13,893	*	Unit Corp	$	274,109
	2,713	e	US Silica Holdings Inc		61,097
	63,684		Valero Energy Corp		4,177,670
	394,624	*	Weatherford International Ltd		4,214,584
	66,832		Western Refining, Inc		2,951,301
	2,844	*,e	Westmoreland Coal Co		44,338
	64,074	*	Whiting Petroleum Corp		1,312,876
	183,839		Williams Cos, Inc		9,647,871
			TOTAL ENERGY		188,963,001
FOOD & STAPLES RETAILING - 1.0%
	3,418		Casey’s General Stores, Inc		349,371
	331,206		Kroger Co		12,996,523
	970	e	Pricesmart, Inc		94,003
	4,686		Spartan Stores, Inc		150,936
	312,462		Sysco Corp		11,345,495
	580		Weis Markets, Inc		24,458
	71,214		Whole Foods Market, Inc		2,592,190
			TOTAL FOOD & STAPLES RETAILING		27,552,976
FOOD, BEVERAGE & TOBACCO - 4.0%
	522		Alico, Inc		23,396
	8,587		Bunge Ltd		685,672
	95,721		Campbell Soup Co		4,720,003
	46,939		ConAgra Foods, Inc		2,068,132
	5,840	*	Darling International, Inc		75,044
	201	*	Diamond Foods, Inc		6,494
	8,100		Dr Pepper Snapple Group, Inc		649,782
	4,635		Flowers Foods, Inc		100,394
	300,703		General Mills, Inc		17,503,922
	3,800	*	Hain Celestial Group, Inc		258,324
	5,246		Hormel Foods Corp		310,616
	11,509		J.M. Smucker Co		1,285,440
	197,913		Kellogg Co		13,095,903
	33,101		Keurig Green Mountain, Inc		2,483,899
	133,883		Kraft Heinz Co		10,639,682
	4,569	*	Landec Corp		60,996
	6,572		McCormick & Co, Inc		538,970
	27,407		Mead Johnson Nutrition Co		2,422,505
	482,870		Mondelez International, Inc		21,791,923
	317,153		PepsiCo, Inc		30,557,692
	1,449	*	Seneca Foods Corp		42,296
	674	*	TreeHouse Foods, Inc		55,241
			TOTAL FOOD, BEVERAGE & TOBACCO		109,376,326
HEALTH CARE EQUIPMENT & SERVICES - 3.9%
	4,035		Abaxis, Inc		201,992
	14,457	*	Acadia Healthcare Co, Inc		1,153,379
	589		Aceto Corp		13,800
	7,035	*,e	Air Methods Corp		277,109
	8,979	*	Align Technology, Inc		562,983
	35,952	*	Amedisys, Inc		1,568,586

62

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	86,325		AmerisourceBergen Corp	$	9,128,869
	8,356	*	AMN Healthcare Services, Inc		245,917
	7,609	*	Amsurg Corp		545,870
	4,439	*	Angiodynamics, Inc		68,804
	59,575		Anthem, Inc		9,190,635
	5,451	*,e	athenahealth, Inc		762,922
	4,925	*	AtriCure, Inc		136,866
	115,667		Becton Dickinson & Co		17,598,734
	4,413	*	Bio-Reference Labs, Inc		195,805
	80,822	*,e	BioScrip, Inc		202,863
	30,852	*	Brookdale Senior Living, Inc		1,022,127
	13,370	*	Capital Senior Living Corp		298,017
	141,129		Cardinal Health, Inc		11,993,142
	42,468	*	Centene Corp		2,978,281
	55,734	*	Cerner Corp		3,997,242
	17,101	*,e	Cerus Corp		92,858
	3,151	e	Chemed Corp		467,797
	76,831		Cigna Corp		11,068,274
	1,249		Computer Programs & Systems, Inc		58,416
	184		Dentsply International, Inc		10,471
	18,956	*	Edwards Lifesciences Corp		2,884,345
	14,577	*	Envision Healthcare Holdings, Inc		653,050
	16,337	*	ExamWorks Group, Inc		573,102
	7,477	*,e	GenMark Diagnostics, Inc		63,554
	1,539	*	Greatbatch, Inc		83,922
	300	*	Haemonetics Corp		12,003
	3,802	*	HealthStream, Inc		106,684
	20,417	*	Healthways, Inc		258,479
	2,117	*	Henry Schein, Inc		313,274
	2,640	*	HMS Holdings Corp		30,413
	43,174	*	Hologic, Inc		1,798,629
	51,511		Humana, Inc		9,379,638
	24,622	*	Idexx Laboratories, Inc		1,790,758
	22,387	*	Inverness Medical Innovations, Inc		1,088,232
	3,079	*	IPC The Hospitalist Co, Inc		170,731
	18,008	*	Laboratory Corp of America Holdings		2,292,238
	1,716		Landauer, Inc		60,884
	2,985	*	LDR Holding Corp		135,698
	2,219	*	LHC Group, Inc		89,404
	21,680	*	LifePoint Hospitals, Inc		1,796,405
	4,952	*	Magellan Health Services, Inc		300,042
	343	*	MedAssets, Inc		7,992
	9,720	*	Medidata Solutions, Inc		522,936
	7,722	*	Merit Medical Systems, Inc		197,374
	20,380	*	Molina Healthcare, Inc		1,537,263
	5,776	*	Natus Medical, Inc		260,844
	11,035	*	NxStage Medical, Inc		157,580
	6,578	*	Omnicell, Inc		240,229
	10,653	*	OraSure Technologies, Inc		52,626
	10,906		Patterson Cos, Inc		547,045
	18,004	*	Pediatrix Medical Group, Inc		1,523,859
	6,729	*	PharMerica Corp		229,930

63

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	1,887	*	Premier, Inc	$	67,479
	6,534	*	Providence Service Corp		307,490
	1,816		Quality Systems, Inc		23,154
	5,122	*,e	Quidel Corp		106,077
	25,215		Resmed, Inc		1,461,209
	14,148		Select Medical Holdings Corp		204,156
	485	*	Sirona Dental Systems, Inc		50,333
	7,472	*,e	Spectranetics Corp		127,771
	9,466	*,e	Staar Surgical Co		83,017
	2,258	*	Surgical Care Affiliates, Inc		85,849
	6,388	*	Tornier BV		158,997
	6,093	*	Triple-S Management Corp (Class B)		131,487
	17,940	*	Universal American Corp		166,304
	2,194		US Physical Therapy, Inc		115,975
	500	*	Varian Medical Systems, Inc		43,035
	3,077	*	Vascular Solutions, Inc		114,557
	14,899	*	VCA Antech, Inc		916,735
	13,104	*	Vocera Communications, Inc		162,490
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		107,327,037
HOUSEHOLD & PERSONAL PRODUCTS - 2.3%
	4		Clorox Co		448
	263,164		Colgate-Palmolive Co		17,900,415
	51,678		Estee Lauder Cos (Class A)		4,605,027
	37,654		Kimberly-Clark Corp		4,329,080
	11,539	*	Medifast, Inc		356,209
	486,085		Procter & Gamble Co		37,282,719
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		64,473,898
INSURANCE - 5.6%
	138,351		ACE Ltd		15,048,438
	252,885		Aflac, Inc		16,197,284
	5,145		Arthur J. Gallagher & Co		244,027
	32,636		Aspen Insurance Holdings Ltd		1,569,465
	8,868		Axis Capital Holdings Ltd		510,442
	316,996	*	Berkshire Hathaway, Inc (Class B)		45,248,009
	113,846		Chubb Corp		14,154,473
	476		Employers Holdings, Inc		11,424
	290	*	Enstar Group Ltd		46,397
	3,280		First American Financial Corp		133,103
	111,278		Hartford Financial Services Group, Inc		5,291,269
	400		Kemper Corp		15,488
	26,627		Loews Corp		1,014,755
	98,755		Marsh & McLennan Cos, Inc		5,721,865
	4,654		PartnerRe Ltd		632,758
	117,053		Principal Financial Group		6,497,612
	273,774		Progressive Corp		8,350,107
	192,025		Prudential Financial, Inc		16,967,329
	200		Reinsurance Group of America, Inc (Class A)		19,304
	674		RenaissanceRe Holdings Ltd		72,320
	2,787		Stewart Information Services Corp		114,602
	164,433		Travelers Cos, Inc		17,449,630
			TOTAL INSURANCE		155,310,101

64

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
MATERIALS - 4.3%
	113,747		Air Products & Chemicals, Inc	$	16,210,085
	3,402		Albemarle Corp		184,388
	7,701		Aptargroup, Inc		522,051
	66,813		Avery Dennison Corp		4,065,571
	23,667		Ball Corp		1,605,569
	791		Bemis Co, Inc		35,255
	2,310		Carpenter Technology Corp		86,717
	17,130		Celanese Corp (Series A)		1,129,210
	31,721	*	Century Aluminum Co		295,640
	1,826	*	Clearwater Paper Corp		107,460
	46,693		Commercial Metals Co		719,539
	4,705		Compass Minerals International, Inc		376,400
	14,217		Eastman Chemical Co		1,114,613
	134,228		Ecolab, Inc		15,544,945
	2,950	*	Ferro Corp		40,976
	12,034	*,e	Flotek Industries, Inc		206,022
	530		Globe Specialty Metals, Inc		8,183
	26,314		H.B. Fuller Co		1,054,139
	1,039		Hawkins, Inc		37,903
	7,648		Innophos Holdings, Inc		393,719
	3,111		International Flavors & Fragrances, Inc		359,600
	99,782		International Paper Co		4,776,564
	510	*	Kraton Polymers LLC		10,465
	63,130	*	Louisiana-Pacific Corp		930,536
	154,323		LyondellBasell Industries AF S.C.A		14,480,127
	14,012		Minerals Technologies, Inc		907,277
	45,313		Mosaic Co		1,945,740
	420		Neenah Paper, Inc		25,444
	214,304		Nucor Corp		9,459,379
	280		OM Group, Inc		9,486
	3,500		PolyOne Corp		119,945
	126,084		Praxair, Inc		14,391,228
	274		Quaker Chemical Corp		25,400
	2,337		Reliance Steel & Aluminum Co		141,622
	34,168	*	Resolute Forest Products		337,580
	55,648		Royal Gold, Inc		2,805,772
	4,126		Schnitzer Steel Industries, Inc (Class A)		64,819
	6,530		Sealed Air Corp		347,200
	15,560		Sherwin-Williams Co		4,321,946
	82,784		Sigma-Aldrich Corp		11,557,474
	840		Stepan Co		41,168
	28,446	*	Stillwater Mining Co		270,806
	22,021		Valspar Corp		1,833,909
	1,674		Wausau Paper Corp		14,798
	67,182	*	WestRock Co		4,236,497
	45,328	*	Worthington Industries, Inc		1,226,576
			TOTAL MATERIALS		118,379,743

65

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
MEDIA - 3.9%
	12,097	*,e	Charter Communications, Inc	$	2,248,348
	8,053		Cinemark Holdings, Inc		317,771
	54,300		Clear Channel Outdoor Holdings, Inc (Class A)		524,538
	146,657	*,e	Discovery Communications, Inc (Class A)		4,842,614
	197,556	*	Discovery Communications, Inc (Class C)		5,985,947
	19,509	*,e	DreamWorks Animation SKG, Inc (Class A)		470,362
	12,529	*	Entercom Communications Corp (Class A)		131,930
	51,238		Entravision Communications Corp (Class A)		392,996
	3,930	*	Gray Television, Inc		66,378
	2,205		John Wiley & Sons, Inc (Class A)		116,887
	5,910	*	Liberty Broadband Corp (Class A)		318,963
	104,946	*	Liberty Global plc		5,157,046
	96,116	*	Liberty Global plc (Class A)		5,042,245
	2,550	*	Madison Square Garden, Inc		212,670
	85,700		New York Times Co (Class A)		1,132,954
	320		Scholastic Corp		13,789
	5,846	e	Scripps Networks Interactive (Class A)		365,843
	23,476		Sinclair Broadcast Group, Inc (Class A)		681,274
	107,504		Time Warner Cable, Inc		20,426,835
	249,678		Time Warner, Inc		21,981,651
	316,224		Walt Disney Co		37,946,880
			TOTAL MEDIA		108,377,921
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 10.7%
	14,158	*	Acadia Pharmaceuticals, Inc		691,052
	24,648	*,e	Affymetrix, Inc		270,142
	150,551		Agilent Technologies, Inc		6,165,064
	82,270	*	Akorn, Inc		3,793,470
	66,260	*	Alexion Pharmaceuticals, Inc		13,082,374
	175,172		Amgen, Inc		30,933,623
	32,135	*	Aratana Therapeutics, Inc		566,219
	57,812	*	Biogen Idec, Inc		18,429,309
	36,265	*	BioMarin Pharmaceuticals, Inc		5,304,482
	12,740	*	Bluebird Bio, Inc		2,112,674
	393,523		Bristol-Myers Squibb Co		25,830,850
	26,442	*	Cambrex Corp		1,302,269
	179,391	*	Celgene Corp		23,545,069
	7,197	*	Cempra, Inc		301,266
	21,898	*	Cepheid, Inc		1,217,310
	69,018	*,e	Depomed, Inc		2,174,067
	6,659	*,e	Endocyte, Inc		34,360
	5,043	*	Fluidigm Corp		101,011
	292,643		Gilead Sciences, Inc		34,490,904
	870	*	Immunogen, Inc		15,677
	17,165	*,e	Immunomedics, Inc		35,188
	10,809	*,e	Inovio Pharmaceuticals, Inc		78,798
	4,908	*	Intra-Cellular Therapies, Inc		142,823
	13,244	*	Ironwood Pharmaceuticals, Inc		138,400
	21,127	*,e	Isis Pharmaceuticals, Inc		1,160,506
	469,514		Johnson & Johnson		47,049,998
	4,523	*,e	Kite Pharma, Inc		329,139
	239,846	*,e	MannKind Corp		1,028,939

66

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	564,613		Merck & Co, Inc	$	33,289,582
	870	*	Mettler-Toledo International, Inc		293,712
	16,730	*,e	MiMedx Group, Inc		179,513
	91,708	*,e	Nektar Therapeutics		1,156,438
	77,327	*,e	Opko Health, Inc		1,265,843
	146,030	*,e	Orexigen Therapeutics, Inc		584,120
	4,875	*	PerkinElmer, Inc		257,985
	9,310	*	Prestige Brands Holdings, Inc		443,342
	7,076	*	Prothena Corp plc		466,804
	9,644	*	Quintiles Transnational Holdings, Inc		739,888
	7,373	*	Relypsa, Inc		244,120
	47,907	*,e	Sangamo Biosciences, Inc		438,349
	46,751	*,e	Sarepta Therapeutics, Inc		1,492,292
	5,624	*,e	Sucampo Pharmaceuticals, Inc (Class A)		122,547
	3,836	*,e	TESARO, Inc		222,488
	8,172	*	Tetraphase Pharmaceuticals, Inc		388,579
	92,961		Thermo Electron Corp		12,970,848
	69,864	*	Vertex Pharmaceuticals, Inc		9,431,640
	3,388	*,e	Vital Therapies, Inc		54,953
	107,787	*,e	Vivus, Inc		162,758
	23,584	*	Waters Corp		3,148,228
	58,929	*	Xenoport, Inc		430,182
	2,363	*,e	Zafgen, Inc		89,723
	158,447		Zoetis Inc		7,760,734
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		295,959,651
REAL ESTATE - 4.2%
	8,135		American Campus Communities, Inc		303,598
	172,248		American Tower Corp		16,382,507
	616,689		Annaly Capital Management, Inc		6,136,056
	1,000		AvalonBay Communities, Inc		172,340
	48,024		Boston Properties, Inc		5,920,399
	78,489	*	CBRE Group, Inc		2,980,227
	3,773		Coresite Realty		189,405
	138,457		Crown Castle International Corp		11,341,013
	2,518	e	Digital Realty Trust, Inc		161,832
	8,358		Douglas Emmett, Inc		244,973
	58,576		Duke Realty Corp		1,181,478
	3,218		Equinix, Inc		897,532
	515		Equity One, Inc		13,220
	73,501		Equity Residential		5,498,610
	3,961		Federal Realty Investment Trust		541,825
	113,183		First Industrial Realty Trust, Inc		2,370,052
	1,693	*	Forest City Enterprises, Inc (Class A)		39,532
	540		Franklin Street Properties Corp		6,356
	219,210		HCP, Inc		8,470,274
	74,124		Health Care REIT, Inc		5,141,982
	4,940		Healthcare Realty Trust, Inc		118,758
	290,281		Host Marriott Corp		5,625,646
	4,700		Invesco Mortgage Capital, Inc		67,727
	50,982		Iron Mountain, Inc		1,532,009
	19,343	*	iStar Financial, Inc		253,393

67

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	8		Jones Lang LaSalle, Inc	$	1,424
	266		Kilroy Realty Corp		18,846
	15,135		Liberty Property Trust		515,044
	20,078		Macerich Co		1,589,375
	9,974		Mid-America Apartment Communities, Inc		801,311
	540		Piedmont Office Realty Trust, Inc		9,833
	2,000		Plum Creek Timber Co, Inc		82,000
	3,580		Post Properties, Inc		203,845
	211,234		Prologis, Inc		8,578,213
	140		PS Business Parks, Inc		10,779
	34,457		Ryman Hospitality Properties		1,970,251
	104,519		Simon Property Group, Inc		19,568,047
	500		UDR, Inc		16,905
	39,642		Ventas, Inc		2,659,582
	55,605		Vornado Realty Trust		5,424,268
	297	e	Washington REIT		7,971
	11,648		Weyerhaeuser Co		357,477
			TOTAL REAL ESTATE		117,405,915
RETAILING - 3.4%
	29,746	*	1-800-FLOWERS.COM, Inc (Class A)		295,973
	2,432		Aaron’s, Inc		89,935
	50,729		American Eagle Outfitters, Inc		900,440
	1,397	*	America’s Car-Mart, Inc		64,625
	11,783	*	Ann Taylor Stores Corp		539,072
	15,901	*	AutoZone, Inc		11,145,647
	79,998	*	Bed Bath & Beyond, Inc		5,218,269
	53,182		Best Buy Co, Inc		1,717,247
	3,317		Big 5 Sporting Goods Corp		36,520
	2,176	*	Blue Nile, Inc		69,023
	250	e	Buckle, Inc		11,057
	2,688	*,e	Cabela’s, Inc		119,428
	37,531	*	Carmax, Inc		2,421,125
	9		Chico’s FAS, Inc		137
	13,497		DSW, Inc (Class A)		438,922
	1,820		Finish Line, Inc (Class A)		50,032
	7,586	*	Francesca’s Holdings Corp		92,246
	3,402	*	FTD Cos, Inc		99,100
	2	e	GameStop Corp (Class A)		92
	204,445		Gap, Inc		7,458,154
	8,830		GNC Holdings, Inc		434,524
	86,446	*	Groupon, Inc		416,670
	3,619		Haverty Furniture Cos, Inc		80,269
	11,044		HSN, Inc		811,844
	2,628		Kirkland’s, Inc		71,692
	93,965		Kohl’s Corp		5,761,934
	2,961	*,e	Lands’ End, Inc		69,820
	7,610	*	LKQ Corp		239,411
	299,406		Lowe’s Companies, Inc		20,766,800
	4,455	*	MarineMax, Inc		80,457
	150,276	*	NetFlix, Inc		17,178,050
	26,766		Nordstrom, Inc		2,042,513

68

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	5,173		Nutri/System, Inc	$	155,449
	96,086	*	Office Depot, Inc		768,688
	68,088	*	Orbitz Worldwide, Inc		768,033
	2,957	e	Outerwall, Inc		209,415
	2,086	*	Overstock.com, Inc		44,140
	3,627	e	PetMed Express, Inc		61,115
	12,005	e	Pier 1 Imports, Inc		141,779
	76,336		Ross Stores, Inc		4,058,022
	5,448	*	Sally Beauty Holdings, Inc		162,296
	2,718		Shoe Carnival, Inc		76,947
	19,331	*	Shutterfly, Inc		836,066
	5,696	e	Stage Stores, Inc		100,250
	226,633		Staples, Inc		3,333,771
	4,987		Stein Mart, Inc		50,817
	6,435		Tiffany & Co		615,829
	15,754		Tractor Supply Co		1,457,560
	11,557	*	Ulta Salon Cosmetics & Fragrance, Inc		1,918,809
	5		Williams-Sonoma, Inc		423
	239		Winmark Corp		24,225
			TOTAL RETAILING		93,504,662
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.5%
	25,961	*,e	Advanced Micro Devices, Inc		50,105
	689,292		Applied Materials, Inc		11,966,109
	11,151	*	Cirrus Logic, Inc		368,095
	24,001	*	Integrated Device Technology, Inc		458,659
	1,023,658		Intel Corp		29,634,899
	8,578		Lam Research Corp		659,391
	2,391		Nvidia Corp		47,700
	217,373	*	ON Semiconductor Corp		2,308,501
	43,222		Skyworks Solutions, Inc		4,135,049
	35,399	*,e	SunPower Corp		956,835
	15,470		Teradyne, Inc		297,952
	357,818		Texas Instruments, Inc		17,883,744
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		68,767,039
SOFTWARE & SERVICES - 11.7%
	211,637		Accenture plc		21,821,891
	9,535	*	Actua Corp		140,451
	211,821	*	Adobe Systems, Inc		17,367,204
	39,278	*,e	Angie’s List, Inc		196,390
	687	*	Aspen Technology, Inc		30,489
	78,354	*	Autodesk, Inc		3,963,145
	94,812		Automatic Data Processing, Inc		7,563,153
	49,794		Broadridge Financial Solutions, Inc		2,702,320
	194,356		CA, Inc		5,662,562
	9,420	*	Cadence Design Systems, Inc		197,537
	288,570	*	Cognizant Technology Solutions Corp (Class A)		18,208,767
	15,889	*	comScore, Inc		929,507
	5,337		Convergys Corp		134,012
	2,312	*,e	Coupons.com, Inc		22,496
	6,960	*	DHI Group, Inc		55,471

69

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	5,051	*	Ellie Mae, Inc	$	396,251
	4,854	*,e	EnerNOC, Inc		39,948
	2,390		Factset Research Systems, Inc		395,927
	5,777		Fair Isaac Corp		523,916
	31,201	*,e	FireEye, Inc		1,388,133
	14,902	*	FleetCor Technologies, Inc		2,307,128
	24,626	*	Fortinet, Inc		1,175,645
	128,323	*,e	Glu Mobile, Inc		752,614
	55,759	*	Google, Inc		34,883,388
	54,313	*	Google, Inc (Class A)		35,710,797
	19,718	*	HomeAway, Inc		592,329
	10,181	*	Infoblox, Inc		239,254
	35,510	*	Informatica Corp		1,722,945
	13,275	*	Internap Network Services Corp		122,263
	189,885		International Business Machines Corp		30,759,471
	162,957		Intuit, Inc		17,235,962
	8,544		j2 Global, Inc		601,498
	32,415	*,e	Liquidity Services, Inc		291,087
	4,363	*	LogMeIn, Inc		321,030
	13,618	*	Manhattan Associates, Inc		882,719
	6,407	*,e	Marketo, Inc		194,837
	226,099		Mastercard, Inc (Class A)		22,022,043
	12,164		MAXIMUS, Inc		829,706
	15,342	e	Mercadolibre, Inc		2,005,046
	119,146	*,e	Monster Worldwide, Inc		839,979
	2,864	*,e	NetSuite, Inc		283,078
	10,078	*,e	NeuStar, Inc (Class A)		311,108
	715,023		Oracle Corp		28,558,019
	5,791	*	Perficient, Inc		93,988
	1,618	*	PROS Holdings, Inc		35,386
	16,107	*	QLIK Technologies, Inc		651,689
	5,621	*	Qualys, Inc		207,752
	43,224	*	Rackspace Hosting, Inc		1,470,913
	5,532	*	RetailMeNot, Inc		83,810
	2,916	*	Rovi Corp		32,047
	8,121		Sabre Corp		216,019
	256,955	*	Salesforce.com, Inc		18,834,801
	96,222	*	ServiceSource International LLC		509,977
	2,310	*	SolarWinds, Inc		92,146
	1,976	*	SPS Commerce, Inc		142,568
	12,852	*	Stamps.com, Inc		881,647
	538	*	Sykes Enterprises, Inc		13,116
	391,408		Symantec Corp		8,900,618
	3,876	*	Syntel, Inc		169,342
	6,951	*	Tangoe, Inc		76,600
	8,168	*,e	Teradata Corp		303,115
	1,730	*	Tyler Technologies, Inc		241,404
	2,810	*	Ultimate Software Group, Inc		517,630
	4,890	*	Unisys Corp		77,604
	5,290	*,e	Vasco Data Security International		107,863
	9,407	*	Website Pros, Inc		234,140
	16,828	*	Workday, Inc		1,419,105

70

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	1,051,874		Xerox Corp	$	11,591,651
	378,470	*	Yahoo!, Inc		13,878,495
			TOTAL SOFTWARE & SERVICES		325,164,942
TECHNOLOGY HARDWARE & EQUIPMENT - 4.2%
	1,610		Adtran, Inc		26,565
	1,070		Belden CDT, Inc		63,376
	1,524	*	Benchmark Electronics, Inc		33,620
	14,456		Black Box Corp		226,381
	7,451	*	Calix Networks, Inc		62,812
	1,080,108		Cisco Systems, Inc		30,696,669
	3,629		Cognex Corp		164,285
	180	*	Coherent, Inc		10,431
	141,705		Corning, Inc		2,647,049
	33,173	*	Cray, Inc		860,508
	6,785		Daktronics, Inc		77,553
	2,946		Electro Rent Corp		29,607
	8,370	*	Electronics for Imaging, Inc		382,509
	657,757		EMC Corp		17,687,086
	3,097	*	FARO Technologies, Inc		135,927
	1,110		FEI Co		95,427
	40,091	*	Finisar Corp		697,984
	3,309	*	GSI Group, Inc		46,889
	622,078		Hewlett-Packard Co		18,985,820
	64,574	*	Ingram Micro, Inc (Class A)		1,758,350
	2,970	*	Insight Enterprises, Inc		80,160
	5,777		InterDigital, Inc		312,362
	11,694	*	IPG Photonics Corp		1,078,421
	350	*	Itron, Inc		11,281
	16,051		Jabil Circuit, Inc		325,033
	20,384		Lexmark International, Inc (Class A)		692,852
	212		Littelfuse, Inc		19,504
	6,814		Methode Electronics, Inc		182,820
	78,575		Motorola, Inc		4,727,072
	417		National Instruments Corp		12,076
	6,215	*	Netgear, Inc		208,140
	500	*	OSI Systems, Inc		35,090
	281	*	Plexus Corp		10,717
	21,488	*	QLogic Corp		190,599
	370,613		Qualcomm, Inc		23,863,771
	39,417	*	Quantum Corp		41,782
	5,980	*	RealD, Inc		75,049
	610	*	Rofin-Sinar Technologies, Inc		15,213
	38,276		SanDisk Corp		2,307,660
	5,125	*	Scansource, Inc		193,879
	108,927	e	Seagate Technology, Inc		5,511,706
	40,613	*,e	Silicon Graphics International Corp		207,533
	8,832	*	Sonus Networks, Inc		71,274
	22,364	*	Super Micro Computer, Inc		596,448
	502		SYNNEX Corp		37,966
	6,860	*	Tech Data Corp		400,144
	3,218	*	TTM Technologies, Inc		29,380

71

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	7,285	*	Universal Display Corp	$	347,567
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		116,274,347
TELECOMMUNICATION SERVICES - 1.9%
	25,707	*	Boingo Wireless, Inc		250,129
	373,371		CenturyTel, Inc		10,678,411
	58,198	*	Cincinnati Bell, Inc		227,554
	2,650	e	Consolidated Communications Holdings, Inc		52,814
	3,579	*	Fairpoint Communications, Inc		59,483
	6,453	*	General Communication, Inc (Class A)		118,735
	3,026		IDT Corp (Class B)		51,503
	10,911	*	inContact, Inc		101,254
	67,259	*,e	Iridium Communications, Inc		499,062
	29,783	*	Level 3 Communications, Inc		1,504,041
	3,379		Lumos Networks Corp		47,171
	835,162	*,e	Sprint Corp		2,814,496
	771,108		Verizon Communications, Inc		36,080,144
	100,781	*	Vonage Holdings Corp		643,991
			TOTAL TELECOMMUNICATION SERVICES		53,128,788
TRANSPORTATION - 3.0%
	158		Allegiant Travel Co		33,611
	387		Amerco, Inc		139,076
	310		Arkansas Best Corp		10,246
	42,330	*	Avis Budget Group, Inc		1,838,392
	490		CH Robinson Worldwide, Inc		34,374
	405,893		CSX Corp		12,696,333
	152,360		Delta Air Lines, Inc		6,755,642
	4,220	*	Echo Global Logistics, Inc		136,306
	8		Expeditors International of Washington, Inc		375
	1,000	*	Hertz Global Holdings, Inc		16,990
	180		Landstar System, Inc		12,965
	103,126		Norfolk Southern Corp		8,696,616
	9		Ryder System, Inc		815
	387,754		Southwest Airlines Co		14,036,695
	176,809		Union Pacific Corp		17,254,790
	216,265		United Parcel Service, Inc (Class B)		22,136,885
			TOTAL TRANSPORTATION		83,800,111
UTILITIES - 3.0%
	5,465		American Water Works Co, Inc		283,688
	91,114		Centerpoint Energy, Inc		1,762,145
	2,551		Chesapeake Utilities Corp		131,172
	180,018		Consolidated Edison, Inc		11,447,345
	212,848		Duke Energy Corp		15,797,579
	136,459		Eversource Energy		6,784,742
	10,413		ITC Holdings Corp		351,751
	5,397		MDU Resources Group, Inc		105,295
	16,882		MGE Energy, Inc		669,878
	13,718		New Jersey Resources Corp		396,450
	169,886		NextEra Energy, Inc		17,872,007

72

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	RATE			MATURITY DATE	VALUE
	2,044		Northwest Natural Gas Co					$	88,485
	290	e	Ormat Technologies, Inc						11,797
	301,013		Pepco Holdings, Inc						8,031,027
	67,845		Piedmont Natural Gas Co, Inc						2,578,788
	8,480		Pinnacle West Capital Corp						523,301
	12,539		Public Service Enterprise Group, Inc						522,500
	103,815		Sempra Energy						10,566,292
	37,448		South Jersey Industries, Inc						907,740
	26,660		TECO Energy, Inc						589,719
	1,494		Unitil Corp						53,112
	1,260		Vectren Corp						53,046
	14,686	*	WEC Energy Group, Inc						719,614
	14,518		WGL Holdings, Inc						811,556
	38,029		Xcel Energy, Inc						1,318,465
			TOTAL UTILITIES						82,377,494
			TOTAL COMMON STOCKS						2,761,183,352
			(Cost $2,081,133,477)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 2.0%
GOVERNMENT AGENCY DEBT - 0.2%
$	5,000,000		Federal Home Loan Bank (FHLB)		0.050	%	08/14/15		4,999,877
			TOTAL GOVERNMENT AGENCY DEBT						4,999,877
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 1.8%
GOVERNMENT AGENCY DEBT - 1.1%
	10,000,000		Federal Home Loan Bank (FHLB)		0.050		08/21/15		9,999,750
	10,000,000		FHLB		0.060		09/21/15		9,999,183
	9,875,000		Federal Home Loan Mortgage Corp (FHLMC)		0.130-0.135		11/20/15		9,870,980
			TOTAL GOVERNMENT AGENCY DEBT						29,869,913
TREASURY DEBT - 0.7%
	20,000,000		United States Treasury Bill		0.080		12/10/15		19,994,178
			TOTAL TREASURY DEBT						19,994,178
			TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED						49,864,091
			TOTAL SHORT-TERM INVESTMENTS						54,863,968
			(Cost $54,863,908)
			TOTAL INVESTMENTS - 101.7%						2,816,047,320
			(Cost $2,135,997,385)
			OTHER ASSETS & LIABILITIES, NET - (1.7)%						(46,904,844	)
			NET ASSETS - 100.0%					$	2,769,142,476

	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 $54,165,534.

73

TIAA-CREF FUNDS - Emerging Markets Equity Fund

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 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	$	520,944
			TOTAL HONG KONG						520,944
			TOTAL CORPORATE BONDS						520,944
			(Cost $534,000)
			TOTAL BONDS						520,944
			(Cost $534,000)
SHARES			COMPANY
COMMON STOCKS - 98.2%
ARGENTINA - 0.3%
	128,484	*	YPF S.A. (ADR) (Class D)						2,946,138
			TOTAL ARGENTINA						2,946,138
AUSTRALIA - 0.4%
	727,953		Oil Search Ltd						3,960,233
			TOTAL AUSTRALIA						3,960,233
AUSTRIA - 0.4%
	125,977	*	Erste Bank der Oesterreichischen Sparkassen AG.						3,790,758
			TOTAL AUSTRIA						3,790,758
BRAZIL - 5.1%
	910,500		AMBEV S.A.						5,174,821
	646,300		Banco Bradesco S.A. (Preference)						5,149,335
	1,039,069		Banco Itau Holding Financeira S.A.						9,128,403
	312,800		BB Seguridade Participacoes S.A.						2,946,246
	507,800		BM&F Bovespa S.A.						1,548,338
	166,100		BRF S.A.						3,486,502
	610,544		Cielo S.A.						7,797,745
	127,500		Estacio Participacoes S.A.						528,775
	181,000		Linx S.A.						2,667,992
	233,600		Ouro Fino Saude Animal Participacoes S.A.						2,183,209
	729,445	*	Petroleo Brasileiro S.A.						2,467,026
	934,400	*	Petroleo Brasileiro S.A. (Preference)						2,865,462
	181,700		Smiles S.A.						2,935,156
			TOTAL BRAZIL						48,879,010

74

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
CHILE - 0.6%
	1,986,473		Parque Arauco S.A.	$	3,657,385
	256,343,110		Vina San Pedro Tarapaca S.A.		2,171,046
			TOTAL CHILE		5,828,431
CHINA - 23.2%
	41,297	*	Alibaba Group Holding Ltd (ADR)		3,235,207
	24,197	*	Baidu, Inc (ADR)		4,177,854
	8,047,000		Bank of China Ltd		4,397,180
	5,148,000		Beijing Enterprises Water Group Ltd		3,842,706
	11,340,000	e	CGN Power Co Ltd		4,984,218
	3,690,500	e	China Aircraft Leasing Group Holdings Ltd		4,203,328
	8,978,000	*,e,m	China Animal Healthcare Ltd		3,011,081
	14,959,760	*	China Cinda Asset Management Co Ltd		6,672,154
	21,357,000		China Construction Bank		17,422,312
	9,170,000	*	China Eastern Airlines Corp Ltd (H Shares)		7,347,392
	2,792,000		China Life Insurance Co Ltd		10,283,642
	601,000		China Mengniu Dairy Co Ltd		2,717,265
	1,460,000		China Mobile Hong Kong Ltd		19,112,578
	2,664,000		China Overseas Land & Investment Ltd		8,389,352
	1,384,000		China Unicom Ltd		1,942,434
	3,043,300	e	China Vanke Co Ltd		7,229,546
	4,117,000		CNOOC Ltd		5,052,126
	52,432	*	Ctrip.com International Ltd (ADR)		3,753,083
	633,400		Dalian Wanda Commercial Properties Co Ltd		4,591,809
	2,031,000	e	Golden Eagle Retail Group Ltd		2,507,953
	149,559	*	Homeinns Hotel Group (ADR)		4,350,671
	6,548,000		Huadian Fuxin Energy Corp Ltd		2,827,789
	11,658,000	e	Huaneng Renewables Corp Ltd		4,948,965
	27,284,834		Industrial & Commercial Bank of China		18,744,350
	2,849,000	*	Intime Retail Group Co Ltd		3,190,511
	174,180	*	JD.com, Inc (ADR)		5,753,165
	2,300,000		Ping An Insurance Group Co of China Ltd		13,235,483
	975,000		Shanghai Industrial Holdings Ltd		2,866,922
	1,827,400		Tencent Holdings Ltd		34,045,624
	6,572,000		Xinyi Solar Holdings Ltd		2,830,542
	610,000		Zhuzhou CSR Times Electric Co Ltd		4,135,486
			TOTAL CHINA		221,802,728
EGYPT - 0.7%
	902,805		Commercial International Bank		6,510,501
			TOTAL EGYPT		6,510,501
HONG KONG - 5.0%
	1,173,400		AIA Group Ltd		7,632,421
	22,290	*,m	Asia Pacific Investment Partners Limited		161,239
	3,756,000	e	China Gas Holdings Ltd		6,585,331
	838,206	*,e,m	China Metal Recycling Holdings Ltd		1,081

75

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	17,270,000	*	China Zenith Chemical Group Ltd	$	1,895,427
	633,000		Galaxy Entertainment Group Ltd		2,910,798
	209,328		Hong Kong Exchanges and Clearing Ltd		5,669,185
	44,578,941		Lai Fung Holdings Ltd		948,819
	71,072,000		Lai Sun Development Co Ltd		1,548,882
	22,290	*,m	Mongolian Metals Corporation		0
	4,031,000	*	PAX Global Technology Ltd		6,435,941
	983,600		Sands China Ltd		4,340,895
	4,172,254	*,e	Summit Ascent Holdings Ltd		2,251,271
	1,319,000		Techtronic Industries Co		4,644,934
	13,370,000		Tongda Group Holdings Ltd		2,255,847
			TOTAL HONG KONG		47,282,071
HUNGARY - 0.6%
	261,092		OTP Bank		5,350,667
			TOTAL HUNGARY		5,350,667
INDIA - 11.9%
	176,849		Apollo Hospitals Enterprise Ltd		3,749,935
	518,343		Arvind Ltd		2,572,062
	494,540		Axis Bank Ltd		4,419,347
	497,576		Bharat Petroleum Corp Ltd		7,192,966
	845,793		Bharti Infratel Ltd		5,905,020
	1,012,180		Cairn India Ltd		2,725,744
	444,585		Cipla Ltd		4,913,849
	676,375		Coal India Ltd		4,626,107
	315,477		HDFC Bank Ltd		5,470,981
	25,890	*	HDFC Bank Ltd (ADR)		1,617,348
	260,849		Housing Development Finance Corp		5,449,939
	1,099,730		ICICI Bank Ltd		5,204,326
	354,403	*	IndusInd Bank Ltd		5,399,966
	462,056		Infosys Technologies Ltd		7,771,994
	876,461		IRB Infrastructure Developers Ltd		3,356,498
	267,310		Larsen & Toubro Ltd		7,463,193
	157,810	*,e	MakeMyTrip Ltd		2,304,026
	1,080,372		Mundra Port and Special Economic Zone Ltd		5,472,114
	740,748		Oberoi Realty Ltd		3,033,630
	927,916		Phoenix Mills Ltd		5,200,989
	1,548,432		Power Grid Corp of India Ltd		3,426,366
	20,914	*	Shree Cement Ltd		3,725,403
	262,350		Shriram Transport Finance Co Ltd		3,647,092
	683,648		Sun Pharmaceutical Industries Ltd		8,768,682
			TOTAL INDIA		113,417,577
JAPAN - 0.6%
	543,300		Nomura Holdings, Inc		3,890,517
	74,500		Pigeon Corp		2,265,299
			TOTAL JAPAN		6,155,816

76

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
KOREA, REPUBLIC OF - 9.7%
	25,710		Cosmax, Inc	$	4,462,807
	54,870		Daelim Industrial Co		3,495,825
	21,310		Hanssem Co Ltd		5,418,201
	26,330		Hotel Shilla Co Ltd		2,831,742
	76,790		Hynix Semiconductor, Inc		2,425,058
	158,009		KB Financial Group, Inc		4,964,314
	196,747		Korea Electric Power Corp		8,507,129
	34,242		LG Chem Ltd		7,321,069
	12,983		LG Household & Health Care Ltd		9,508,551
	5,129		Medy-Tox, Inc		2,328,272
	4,233		Naver Corp		1,893,343
	35,590		Samsung Electronics Co Ltd		36,108,050
	12,642		Samsung SDS Co Ltd		3,159,590
			TOTAL KOREA, REPUBLIC OF		92,423,951
MALAYSIA - 1.2%
	4,952,850		Karex BHD		4,493,761
	4,325,760	e	Silverlake Axis Ltd		3,066,442
	1,894,300		Top Glove Corp BHD		3,774,236
			TOTAL MALAYSIA		11,334,439
MEXICO - 8.0%
	1,429,800		Alfa S.A. de C.V. (Class A)		2,841,408
	2,021,300		Alpek SAB de C.V.		2,782,463
	5,957,900		America Movil S.A. de C.V. (Series L)		5,794,277
	765,000		Banregio Grupo Financiero SAB de C.V.		4,385,604
	7,896,436	*,e	Cemex S.A. de C.V.		6,728,817
	1,513,000		Concentradora Fibra Danhos S.A. de C.V.		3,332,591
	907,900		Fomento Economico Mexicano S.A. de C.V.		8,232,378
	351,900		Gruma SAB de C.V.		4,610,682
	547,200		Grupo Aeroportuario del Centro Norte Sab de C.V.		3,043,604
	1,095,280		Grupo Financiero Banorte S.A. de C.V.		5,764,453
	457,553		Grupo Lala SAB de C.V.		1,058,655
	2,071,400		Grupo Mexico S.A. de C.V. (Series B)		5,664,291
	1,376,800		Grupo Televisa S.A.		9,606,197
	1,320,000		Mexichem SAB de C.V.		3,865,992
	1,716,100		PLA Administradora Industrial S de RL de C.V.		3,472,140
	2,177,346	*	Unifin Financiera SAPI de C.V. SOFOM ENR		4,920,228
			TOTAL MEXICO		76,103,780
PAKISTAN - 0.6%
	1,054,100		Engro Chemical Pakistan Ltd		3,349,195
	3,144,000		Maple Leaf Cement Factory Ltd		2,233,777
			TOTAL PAKISTAN		5,582,972
PERU - 0.3%
	450,321		Cia de Minas Buenaventura S.A. (ADR) (Series B)		3,206,285
			TOTAL PERU		3,206,285

77

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
PHILIPPINES - 4.0%
	17,373,000		Bloomberry Resorts Corp	$	3,685,872
	4,053,600	*	Century Pacific Food, Inc		1,604,245
	1,257,900		Concepcion Industrial Corp		1,512,726
	4,091,100		D&L Industries Inc		1,926,810
	186,765		GT Capital Holdings, Inc		5,719,420
	1,784,220		International Container Term Services, Inc		4,285,037
	13,030,600	*	Melco Crown Philippines Resorts Corp		2,279,322
	2,206,550		Metropolitan Bank & Trust		4,259,805
	112,242		Philippine Stock Exchange, Inc		760,796
	4,580,500		Robinsons Land Corp		2,818,666
	1,293,250		Robinsons Retail Holdings, Inc		2,132,088
	8,789,775		SM Prime Holdings		4,118,967
	728,547		Universal Robina		3,048,851
			TOTAL PHILIPPINES		38,152,605
POLAND - 0.3%
	1,949,418	*	Globe Trade Centre S.A.		3,049,115
			TOTAL POLAND		3,049,115
QATAR - 0.4%
	82,962	*	Qatar National Bank		4,151,752
			TOTAL QATAR		4,151,752
ROMANIA - 0.3%
	305,748		Fondul Proprietatea S.A. (ADR)		3,118,630
			TOTAL ROMANIA		3,118,630
RUSSIA - 4.1%
	972,446		Gazprom OAO (ADR)		4,470,555
	364,145	*	Lenta Ltd (ADR)		2,800,275
	139,522		LUKOIL (ADR)		5,745,314
	216,398		MMC Norilsk Nickel (ADR)		3,338,504
	58,012		NovaTek OAO (GDR)		5,764,597
	167,711	e	QIWI plc (ADR)		5,135,311
	1,190,656		Sberbank of Russian Federation (ADR)		5,857,941
	680,483		TCS Group Holding plc (ADR)		1,833,902
	225,259	*	X 5 Retail Group NV (GDR)		4,018,515
			TOTAL RUSSIA		38,964,914
SINGAPORE - 0.3%
	1,393,000	e	Petra Foods Ltd		2,914,247
			TOTAL SINGAPORE		2,914,247
SOUTH AFRICA - 4.1%
	342,611	e	Barclays Africa Group Ltd		5,036,863
	346,641	*	Brait S.A.		4,193,588
	172,691		Mota-Engil Africa NV		1,327,606

78

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	228,665	e	MTN Group Ltd	$	3,806,987
	150,129		Naspers Ltd (N Shares)		20,922,468
	102,765		Sasol Ltd		3,547,538
			TOTAL SOUTH AFRICA		38,835,050
SRI LANKA - 0.3%
	1,695,750	m	John Keells Holdings plc		2,496,251
			TOTAL SRI LANKA		2,496,251
TAIWAN - 7.7%
	4,238,000		Advanced Semiconductor Engineering, Inc		4,920,003
	784,000		Catcher Technology Co Ltd		8,643,014
	2,967,000		Cathay Financial Holding Co Ltd		4,795,534
	414,000		Eclat Textile Co Ltd		6,056,549
	2,931,000		Hon Hai Precision Industry Co, Ltd		8,429,063
	1,760,636		Hota Industrial Manufacturing Co Ltd		5,215,630
	78,000		Largan Precision Co Ltd		7,924,615
	854,000		Radiant Opto-Electronics Corp		2,544,313
	5,800,000		Taiwan Semiconductor Manufacturing Co Ltd		25,346,051
			TOTAL TAIWAN		73,874,772
THAILAND - 1.9%
	27,604,200	*	Asia Aviation PCL (ADR)		3,822,060
	23,467,730		Beauty Community PCL (ADR)		2,825,043
	5,696,931		Minor International PCL (Foreign)		4,726,734
	678,100		PTT PCL (ADR)		6,267,132
			TOTAL THAILAND		17,640,969
TURKEY - 1.5%
	166,547		Coca-Cola Icecek AS		2,392,036
	1,704,057		Enka Insaat ve Sanayi AS		3,083,489
	399,842		Tofas Turk Otomobil Fabrik		2,618,837
	144,897	*	Tupras Turkiye Petrol Rafine		3,764,781
	831,922	*	Turk Hava Yollari		2,710,929
			TOTAL TURKEY		14,570,072
UNITED ARAB EMIRATES - 3.0%
	8,260,379	*	Air Arabia PJSC		3,601,248
	308,305		Al Noor Hospitals Group plc		4,511,325
	221,479		DP World Ltd		5,038,647
	3,391,178	*	Emaar Malls Group PJSC		2,996,016
	2,701,321		Emaar Properties PJSC		5,791,397
	1,550,872		First Gulf Bank PJSC		6,536,448
			TOTAL UNITED ARAB EMIRATES		28,475,081
UNITED KINGDOM - 0.6%
	117,570		SABMiller plc (Johannesburg)		6,140,694
			TOTAL UNITED KINGDOM		6,140,694

79

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
UNITED STATES - 0.8%
	104,207	*	Eros International plc	$	3,728,526
	56,098	*	Luxoft Holding, Inc		3,520,711
			TOTAL UNITED STATES		7,249,237
VIETNAM - 0.3%
	822,607	*	Mobile World Investment Corp		2,695,774
			TOTAL VIETNAM		2,695,774
			TOTAL COMMON STOCKS		936,904,520
			(Cost $909,911,246)
PREFERRED STOCKS - 0.0%
PHILIPPINES - 0.0%
	1,721,900	*,m	Ayala Land, Inc (Preferred B)		3,765
			TOTAL PHILIPPINES		3,765
			TOTAL PREFERRED STOCKS		3,765
			(Cost $4,057)
RIGHTS / WARRANTS - 0.0%
THAILAND - 0.0%
	214,931		Minor International PCL		18,904
			TOTAL THAILAND		18,904
			TOTAL RIGHTS / WARRANTS		18,904
			(Cost $0)
SHORT-TERM INVESTMENTS - 4.3%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 4.3%
	41,434,561	c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust		41,434,561
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		41,434,561
			TOTAL SHORT-TERM INVESTMENTS		41,434,561
			(Cost $41,434,561)
			TOTAL INVESTMENTS - 102.6%		978,882,694
			(Cost $951,883,864)
			OTHER ASSETS & LIABILITIES, NET - (2.6)%		(24,476,637	)
			NET ASSETS - 100.0%	$	954,406,057

	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 $37,694,636.
m	Indicates a security that has been deemed illiquid.

80

TIAA-CREF FUNDS - Emerging Markets Equity Fund

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2015

				% OF
SECTOR	VALUE			NET ASSETS
FINANCIALS	$	280,745,021			29.4	%
INFORMATION TECHNOLOGY		184,334,310			19.3
CONSUMER DISCRETIONARY		112,421,828			11.8
INDUSTRIALS		74,355,034			7.8
CONSUMER STAPLES		73,232,718			7.7
ENERGY		61,395,719			6.4
MATERIALS		46,039,114			4.8
TELECOMMUNICATION SERVICES		36,561,296			3.8
UTILITIES		35,122,504			3.7
HEALTH CARE		33,240,589			3.6
SHORT-TERM INVESTMENTS		41,434,561			4.3
OTHER ASSETS & LIABILITIES, NET		(24,476,637	)		(2.6	)
NET ASSETS	$	954,406,057			100.0	%

81

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

TIAA-CREF FUNDS

ENHANCED INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.9%
AUSTRALIA - 7.3%
	63,431		Amcor Ltd	$	666,508
	609,107		APA Group		4,030,198
	648,987		Australia & New Zealand Banking Group Ltd		15,477,337
	191,514		BHP Billiton Ltd		3,697,638
	688,803		BHP Billiton plc		12,651,692
	595,181		Boral Ltd		2,883,073
	640,788		Brambles Ltd		5,082,955
	56,423		Commonwealth Bank of Australia		3,602,852
	63,415		CSL Ltd		4,581,235
	83,199	e	Flight Centre Ltd		2,161,244
	452,335		Harvey Norman Holdings Ltd		1,471,299
	1,041,568		Macquarie Goodman Group		4,967,363
	37,653	e	REA Group Ltd		1,190,158
	2,859,779		Scentre Group		8,258,683
	8,482		Sonic Healthcare Ltd		127,978
	146,426	*	South32 Ltd		191,049
	622,861	*	South32 Ltd (W/I)		795,175
	133,883		Tabcorp Holdings Ltd		473,038
	1,162,958		Telstra Corp Ltd		5,506,703
	51,458		Wesfarmers Ltd		1,592,707
	165,524		Westpac Banking Corp		4,208,659
	160,479		Woodside Petroleum Ltd		4,172,712
	209,123	e	Woolworths Ltd		4,362,872
			TOTAL AUSTRALIA		92,153,128
AUSTRIA - 0.1%
	77,055	*,e,m	Immoeast AG.		0
	41,739		Voestalpine AG.		1,789,629
			TOTAL AUSTRIA		1,789,629
BELGIUM - 1.6%
	26,335		Anheuser-Busch InBev NV		3,146,550
	148,539	*	Belgacom S.A.		5,599,364
	85,381		Delhaize Group		7,730,395
	50,283		KBC Groep NV		3,506,250
			TOTAL BELGIUM		19,982,559
CHINA - 0.2%
	2,125,600	e	Yangzijiang Shipbuilding		1,995,146
			TOTAL CHINA		1,995,146

82

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
DENMARK - 1.8%
	1,583		AP Moller - Maersk AS (Class A)	$	2,616,434
	5,215		AP Moller - Maersk AS (Class B)		8,884,210
	77,583		Novo Nordisk AS		4,578,673
	129,823		Vestas Wind Systems AS		7,091,919
			TOTAL DENMARK		23,171,236
FINLAND - 1.1%
	102,784		Elisa Oyj (Series A)		3,462,109
	181,999	*	Nokia Oyj		1,288,790
	45,608		Nokian Renkaat Oyj		1,370,616
	7,572		Orion Oyj (Class B)		316,115
	391,393		UPM-Kymmene Oyj		7,229,715
			TOTAL FINLAND		13,667,345
FRANCE - 9.0%
	493,139		AXA S.A.		12,986,922
	124,738		Cap Gemini S.A.		11,916,395
	10,379		Christian Dior S.A.		2,146,868
	647,552		Credit Agricole S.A.		10,188,982
	49,420		Edenred		1,231,800
	62,308		Electricite de France		1,482,792
	233,518		Groupe Eurotunnel S.A.		3,354,916
	17,078		Imerys S.A.		1,286,663
	6,940		L’Oreal S.A.		1,297,175
	10,946		LVMH Moet Hennessy Louis Vuitton S.A.		2,047,547
	739,244		Natixis		5,425,477
	41,088	*	Peugeot S.A.		821,914
	196,444		Sanofi-Aventis		21,174,917
	52,661		SCOR		2,017,994
	8,641		Societe BIC S.A.		1,479,963
	162,095		Technip S.A.		9,210,699
	39,398		Thales S.A.		2,662,423
	189,630		Total S.A.		9,356,905
	63,285		Valeo S.A.		8,434,430
	194,877		Vivendi Universal S.A.		5,120,754
			TOTAL FRANCE		113,645,536
GERMANY - 8.4%
	99,864		Allianz AG.		16,358,975
	173,132		BASF SE		14,961,130
	34,464		Bayer AG.		5,089,522
	21,214		Continental AG.		4,742,665
	193,460		Daimler AG. (Registered)		17,306,137
	377,568		Deutsche Post AG.		11,412,097
	148,209		Deutsche Telekom AG.		2,679,981

83

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
	131,193		Evonik Industries AG.	$	5,257,599
	43,473		Hannover Rueckversicherung AG.		4,615,340
	212,198		Infineon Technologies AG.		2,380,274
	144,989		K&S AG.		5,948,914
	128,533		Metro AG.		4,046,598
	24,895		RWE AG.		518,479
	8,219		SAP AG.		590,478
	19,247		Siemens AG.		2,062,239
	32,293		United Internet AG.		1,596,096
	34,525		Volkswagen AG.		6,983,214
			TOTAL GERMANY		106,549,738
HONG KONG - 3.1%
	168,800		AIA Group Ltd		1,097,966
	50,700	e	ASM Pacific Technology		458,668
	2,566,000		BOC Hong Kong Holdings Ltd		10,335,429
	472,000		Cathay Pacific Airways Ltd		1,115,612
	338,340		CK Hutchison Holdings Ltd		5,022,143
	1,450,000		Hang Lung Properties Ltd		4,140,955
	365,060	e	Henderson Land Development Co Ltd		2,408,779
	267,500		Hong Kong Electric Holdings Ltd		2,519,705
	1,002,000	e	Li & Fung Ltd		775,107
	1,116,000		Sino Land Co		1,731,623
	138,000		Sun Hung Kai Properties Ltd		2,117,586
	1,157,000	*	WH Group Ltd		741,088
	721,000		Wharf Holdings Ltd		4,571,230
	305,000		Wheelock & Co Ltd		1,578,116
			TOTAL HONG KONG		38,614,007
IRELAND - 1.1%
	405,644	*	Bank of Ireland		170,364
	35,100		Ryanair Holdings plc (ADR)		2,601,261
	123,265		Shire Ltd		10,957,790
			TOTAL IRELAND		13,729,415
ISRAEL - 0.7%
	6,205		Azrieli Group		257,608
	67,166		Bank Hapoalim Ltd		373,447
	186,586	*	Bank Leumi Le-Israel		813,741
	408,316		Bezeq Israeli Telecommunication Corp Ltd		753,034
	1,099		Israel Corp Ltd		387,700
	81,760		Teva Pharmaceutical Industries Ltd		5,609,555
			TOTAL ISRAEL		8,195,085
ITALY - 1.7%
	540,521		Assicurazioni Generali S.p.A.		10,652,181

84

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
	892,443		Banca Intesa S.p.A.	$	3,436,022
	1,081,233		Banca Intesa S.p.A. RSP		3,608,930
	174,598		ENI S.p.A.		3,055,572
	162,961		Terna Rete Elettrica Nazionale S.p.A.		760,030
			TOTAL ITALY		21,512,735
JAPAN - 22.3%
	117,800		Alfresa Holdings Corp		1,972,825
	896,000	e	Asahi Glass Co Ltd		5,249,457
	183,300	e	Brother Industries Ltd		2,532,123
	323,800		Canon, Inc		10,360,020
	12,500		Central Japan Railway Co		2,186,772
	158,700		Chubu Electric Power Co, Inc		2,692,104
	105,700		Citizen Watch Co Ltd		705,166
	62,000		Dai Nippon Printing Co Ltd		687,959
	227,600	e	Daiichi Sankyo Co Ltd		4,660,602
	402,600	e	Daiwa House Industry Co Ltd		10,013,545
	55,200	e	FamilyMart Co Ltd		2,667,703
	27,700		Fanuc Ltd		4,619,983
	285,000		Fuji Electric Holdings Co Ltd		1,178,261
	78,700		Fujifilm Holdings Corp		3,121,140
	213,000		Hitachi Metals Ltd		3,166,685
	15,900		Hokuriku Electric Power Co		244,420
	205,100	e	Ibiden Co Ltd		3,390,908
	73,400		Iida Group Holdings Co Ltd		1,288,353
	178,600		Inpex Holdings, Inc		1,940,620
	113,900		Japan Airlines Co Ltd		4,297,336
	269,200		Japan Tobacco, Inc		10,449,443
	263,200		JTEKT Corp		4,544,987
	28,000		JX Holdings, Inc		119,358
	215,000		Kaneka Corp		1,551,216
	22,000		Kawasaki Heavy Industries Ltd		96,425
	217,100		KDDI Corp		5,511,314
	621,000		Mitsubishi Chemical Holdings Corp		4,053,018
	830,000		Mitsubishi Electric Corp		8,914,400
	802,000		Mitsubishi Gas Chemical Co, Inc		4,448,953
	305,000		Mitsubishi Heavy Industries Ltd		1,612,584
	850,000		Mitsubishi Materials Corp		3,077,056
	605,400		Mitsubishi UFJ Financial Group, Inc		4,405,547
	292,500		Mitsui Sumitomo Insurance Group Holdings, Inc		9,211,500
	5,900	e	Mixi Inc		255,467
	8,500		Murata Manufacturing Co Ltd		1,259,295
	260,000		Nippon Meat Packers, Inc		6,319,422
	258,800		Nippon Telegraph & Telephone Corp		9,967,093
	1,062,100		Nissan Motor Co Ltd		10,105,376
	109,400		Nisshin Seifun Group, Inc		1,567,985
	1,767,900		Nomura Holdings, Inc		12,659,754

85

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
	227,300		NSK Ltd	$	2,933,176
	147,000		Obayashi Corp		1,131,347
	207,300		ORIX Corp		3,096,156
	311,400		Otsuka Holdings KK		11,180,809
	87,100		SBI Holdings, Inc		1,209,529
	16,800		Seibu Holdings, Inc		384,567
	124,000		Seiko Epson Corp		2,190,833
	222,000		Sekisui Chemical Co Ltd		2,463,104
	643,500	e	Sekisui House Ltd		9,559,332
	433,000		Sumitomo Electric Industries Ltd		6,458,052
	256,000		Sumitomo Heavy Industries Ltd		1,292,046
	79,200		Sumitomo Mitsui Financial Group, Inc		3,571,444
	37,700	e	Sumitomo Rubber Industries, Inc		568,063
	60,000		Sysmex Corp		3,882,616
	47,400		THK Co Ltd		918,249
	341,800		Tohoku Electric Power Co, Inc		5,011,829
	291,100		Tokio Marine Holdings, Inc		12,122,296
	93,400		Tokyo Electron Ltd		5,156,237
	364,600		Toyota Motor Corp		24,278,627
	5,800	e	Trend Micro, Inc		212,291
	165,100		West Japan Railway Co		11,848,612
	77,800		Yamaha Corp		1,831,092
	180,400		Yamaha Motor Co Ltd		4,092,816
	14,500	e	Yokohama Rubber Co Ltd		286,768
			TOTAL JAPAN		282,786,066
LUXEMBOURG - 0.4%
	158,960		SES Global S.A.		4,916,987
			TOTAL LUXEMBOURG		4,916,987
NETHERLANDS - 2.8%
	571,685		Koninklijke Ahold NV		11,377,543
	346,058		Royal Dutch Shell plc (A Shares)		9,919,189
	496,854		Royal Dutch Shell plc (B Shares)		14,386,438
			TOTAL NETHERLANDS		35,683,170
NEW ZEALAND - 0.1%
	256,119		Fletcher Building Ltd		1,338,339
	62,643		Ryman Healthcare Ltd		347,225
	81,181	*	Telecom Corp of New Zealand Ltd		158,547
			TOTAL NEW ZEALAND		1,844,111
NORWAY - 0.9%
	432,658		Telenor ASA		9,503,763
	45,696		Yara International ASA		2,273,567
			TOTAL NORWAY		11,777,330

86

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
PORTUGAL - 0.4%
	1,412,994		Energias de Portugal S.A.	$	5,226,315
			TOTAL PORTUGAL		5,226,315
SINGAPORE - 1.3%
	252,624	e	DBS Group Holdings Ltd		3,719,185
	19,000	e	Jardine Cycle & Carriage Ltd		409,226
	994,047		Oversea-Chinese Banking Corp		7,454,415
	251,900		United Overseas Bank Ltd		4,077,899
	207,200		Wilmar International Ltd		483,165
			TOTAL SINGAPORE		16,143,890
SOUTH AFRICA - 0.2%
	264,210		Investec plc		2,409,678
	26,536		Mondi plc		637,002
			TOTAL SOUTH AFRICA		3,046,680
SPAIN - 2.5%
	321,206	e	Abertis Infraestructuras S.A. (Continuous)		5,259,729
	1,812,143		Banco Santander Central Hispano S.A.		12,530,447
	1,910,981		Iberdrola S.A.		13,478,612
			TOTAL SPAIN		31,268,788
SWEDEN - 3.2%
	601,681		Ericsson (LM) (B Shares)		6,433,201
	39,709		ICA Gruppen AB		1,449,027
	101,373		Industrivarden AB		1,914,592
	268,039		Investor AB (B Shares)		10,333,862
	353,057		Nordea Bank AB		4,395,850
	572,720		Skandinaviska Enskilda Banken AB (Class A)		6,894,671
	257,070		Skanska AB (B Shares)		5,413,686
	19,491		Swedish Match AB		597,007
	149,939		Tele2 AB		1,559,918
	242,615		TeliaSonera AB		1,474,426
			TOTAL SWEDEN		40,466,240
SWITZERLAND - 9.1%
	134,795		Adecco S.A.		11,250,320
	191		Givaudan S.A.		355,288
	3,270		Kuehne & Nagel International AG.		451,415
	6,714		Lonza Group AG.		973,225
	297,550		Nestle S.A.		22,509,680
	308,485		Novartis AG.		32,009,675
	90,774		Roche Holding AG.		26,226,665
	76		Sika AG.		275,529
	24,694	*	Swiss Prime Site AG.		1,967,751
	133,543		Swiss Re Ltd		12,013,127

87

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
	1,010		Swisscom AG.	$	587,423
	62,580		UBS AG.		1,438,782
	16,888		Zurich Financial Services AG.		5,142,558
			TOTAL SWITZERLAND		115,201,438
UNITED KINGDOM - 19.6%
	426,043		3i Group plc		3,675,102
	48,312		AstraZeneca plc (ADR)		1,632,462
	327,380		BAE Systems plc		2,451,152
	119,384		Barclays plc		538,379
	814,156		Barratt Developments plc		8,057,343
	282,355		BP plc (ADR)		10,438,665
	282,011		British American Tobacco plc		16,744,695
	313,288		British Land Co plc		4,108,634
	1,680,862		BT Group plc		12,164,397
	23,210		Diageo plc		650,640
	973,811		Direct Line Insurance Group plc		5,557,406
	279,968		easyJet plc		7,183,098
	587,698	*,e	Fiat DaimlerChrysler Automobiles NV		9,244,674
	537,790		GlaxoSmithKline plc		11,688,844
	1,130,065		HSBC Holdings plc		10,207,253
	286,325		Imperial Tobacco Group plc		15,025,351
	1,039,541	*	International Consolidated Airlines Group S.A.		8,650,298
	2,792,537		Legal & General Group plc		11,357,866
	677,817		Lloyds TSB Group plc		882,659
	806,547		National Grid plc		10,734,119
	2,222,773		Old Mutual plc		7,351,138
	620,828		Prudential plc		14,605,246
	138,754		Reckitt Benckiser Group plc		13,306,258
	250,641	*	Reed Elsevier NV		4,171,431
	552,750		Reed Elsevier plc		9,639,370
	324,230		Rexam plc		2,814,215
	91,035		Rio Tinto Ltd		3,497,309
	101,420		Rio Tinto plc		3,923,038
	540,760		Royal Mail plc		4,260,129
	319,935		Sage Group plc		2,600,148
	519,882	*	Sky plc		9,242,084
	12,014		Smith & Nephew plc		223,288
	359,916		Unilever NV		16,123,615
	10,712		Unilever plc		485,896
	95,023		Vodafone Group plc (ADR)		3,589,969
	20,375		Wolseley plc		1,352,820
			TOTAL UNITED KINGDOM		248,178,991
			TOTAL COMMON STOCKS		1,251,545,565
			(Cost $1,162,827,972)

88

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
SHORT-TERM INVESTMENTS - 2.7%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.7%
	34,401,825	c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust	$	34,401,825
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		34,401,825
			TOTAL SHORT-TERM INVESTMENTS		34,401,825
			(Cost $34,401,825)
			TOTAL INVESTMENTS - 101.6%		1,285,947,390
			(Cost $1,197,229,797)
			OTHER ASSETS & LIABILITIES, NET - (1.6)%		(19,807,306	)
			NET ASSETS - 100.0%	$	1,266,140,084

	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 $32,884,170.
m	Indicates a security that has been deemed illiquid.

89

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

TIAA-CREF FUNDS

ENHANCED INTERNATIONAL EQUITY INDEX FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2015

				% OF
SECTOR	VALUE			NET ASSETS
FINANCIALS	$	327,775,082			25.9	%
CONSUMER DISCRETIONARY		161,657,689			12.8
INDUSTRIALS		154,781,926			12.2
HEALTH CARE		147,234,021			11.6
CONSUMER STAPLES		142,674,815			11.3
MATERIALS		89,157,700			7.0
ENERGY		62,600,158			4.9
TELECOMMUNICATION SERVICES		62,518,041			4.9
INFORMATION TECHNOLOGY		56,447,530			4.6
UTILITIES		46,698,603			3.7
SHORT-TERM INVESTMENTS		34,401,825			2.7
OTHER ASSETS & LIABILITIES, NET		(19,807,306	)		(1.6	)
NET ASSETS	$	1,266,140,084			100.0	%

90

TIAA-CREF FUNDS - Global Natural Resources Fund

TIAA-CREF FUNDS
GLOBAL NATURAL RESOURCES FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 97.7%
AUSTRALIA - 7.8%
	272,453		Amcor Ltd	$	2,862,828
	169,423		BHP Billiton Ltd		3,271,119
	546,472		BHP Billiton plc		10,037,406
	345,512	e	Fortescue Metals Group Ltd		466,902
	181,377	*	Newcrest Mining Ltd		1,500,295
	816,451	*	South32 Ltd		1,065,261
			TOTAL AUSTRALIA		19,203,811
AUSTRIA - 0.2%
	10,000		Voestalpine AG.		428,767
			TOTAL AUSTRIA		428,767
BRAZIL - 0.3%
	140,000		Suzano Papel e Celulose S.A.		686,517
			TOTAL BRAZIL		686,517
CANADA - 8.8%
	363,400	*	Advantage Oil & Gas Ltd		1,983,925
	35,237		Agnico-Eagle Mines Ltd		779,722
	62,337		Agrium, Inc		6,377,406
	66,424		Alimentation Couche Tard, Inc		2,964,536
	17,000	e	Franco-Nevada Corp		690,217
	38,184	*	MEG Energy Corp		409,328
	134,525	e	Parkland Fuel Corp		2,450,117
	36,000	e	PrairieSky Royalty Ltd		739,076
	55,112		Stella-Jones, Inc		1,870,567
	190,428	*	Turquoise Hill Resources Ltd		647,937
	26,423		West Fraser Timber Co Ltd		1,162,705
	191,951	e	Whitecap Resources, Inc		1,673,159
			TOTAL CANADA		21,748,695
CHILE - 0.5%
	151,117		Antofagasta plc		1,334,353
			TOTAL CHILE		1,334,353
DENMARK - 1.2%
	54,611		Novozymes AS		2,854,599
			TOTAL DENMARK		2,854,599
FINLAND - 2.5%
	345,833		M-real Oyj (B Shares)		2,463,942
	195,982		UPM-Kymmene Oyj		3,620,131
			TOTAL FINLAND		6,084,073

91

TIAA-CREF FUNDS - Global Natural Resources Fund

SHARES			COMPANY	VALUE
FRANCE - 2.9%
	144,023		Total S.A.	$	7,106,521
			TOTAL FRANCE		7,106,521
GERMANY - 2.2%
	78,451		K&S AG.		3,218,853
	89,472		ThyssenKrupp AG.		2,269,006
			TOTAL GERMANY		5,487,859
INDIA - 4.5%
	131,400		Bharat Petroleum Corp Ltd		1,899,520
	80,663		Britannia Industries Ltd		3,965,048
	245,689		PI Industries Ltd		2,513,862
	315,801		United Phosphorus Ltd		2,635,829
			TOTAL INDIA		11,014,259
IRELAND - 1.2%
	98,949		Smurfit Kappa Group plc		2,975,671
			TOTAL IRELAND		2,975,671
ITALY - 0.9%
	131,233		ENI S.p.A.		2,296,658
			TOTAL ITALY		2,296,658
JAPAN - 1.7%
	116,200	e	JFE Holdings, Inc		2,175,946
	146,000	e	Sumitomo Metal Mining Co Ltd		1,963,004
			TOTAL JAPAN		4,138,950
JERSEY, C.I. - 0.7%
	26,665		Randgold Resources Ltd		1,608,595
			TOTAL JERSEY, C.I.		1,608,595
KOREA, REPUBLIC OF - 1.0%
	5,544		Korea Zinc Co Ltd		2,342,416
			TOTAL KOREA, REPUBLIC OF		2,342,416
LUXEMBOURG - 0.4%
	115,453	e	ArcelorMittal		1,042,124
			TOTAL LUXEMBOURG		1,042,124
NETHERLANDS - 0.3%
	23,100	*	OCI NV		773,692
			TOTAL NETHERLANDS		773,692
NORWAY - 1.7%
	128,190	*	Det Norske Oljeselskap ASA		785,868
	51,849		Statoil ASA		874,104
	52,649		Yara International ASA		2,619,508
			TOTAL NORWAY		4,279,480

92

TIAA-CREF FUNDS - Global Natural Resources Fund

SHARES			COMPANY	VALUE
PERU - 2.0%
	174,970	e	Southern Copper Corp (NY)	$	4,874,664
			TOTAL PERU		4,874,664
POLAND - 0.7%
	73,336		KGHM Polska Miedz S.A.		1,842,962
			TOTAL POLAND		1,842,962
PORTUGAL - 0.9%
	185,986		Galp Energia SGPS S.A.		2,151,000
			TOTAL PORTUGAL		2,151,000
RUSSIA - 1.6%
	47,690		LUKOIL (ADR)		1,963,805
	129,438		MMC Norilsk Nickel (ADR)		1,996,919
			TOTAL RUSSIA		3,960,724
SOUTH AFRICA - 1.1%
	116,738		Mondi plc		2,802,319
			TOTAL SOUTH AFRICA		2,802,319
SPAIN - 0.9%
	44,907		Tecnicas Reunidas S.A.		2,286,625
			TOTAL SPAIN		2,286,625
SWEDEN - 2.6%
	168,743		Billerud AB		2,592,175
	165,134		Boliden AB		3,049,484
	52,500	*,e	Lundin Petroleum AB		761,148
			TOTAL SWEDEN		6,402,807
SWITZERLAND - 8.1%
	38,957		Syngenta AG.		16,049,137
	46,757		Syngenta AG. (ADR)		3,850,439
			TOTAL SWITZERLAND		19,899,576
THAILAND - 1.0%
	258,100		PTT PCL (Foreign)		2,385,411
			TOTAL THAILAND		2,385,411
UNITED ARAB EMIRATES - 2.8%
	594,589	*	Dragon Oil plc		6,806,201
			TOTAL UNITED ARAB EMIRATES		6,806,201
UNITED KINGDOM - 2.9%
	185,124		Anglo American plc (London)		2,334,226
	283,806		BG Group plc		4,828,893
			TOTAL UNITED KINGDOM		7,163,119

93

TIAA-CREF FUNDS - Global Natural Resources Fund

SHARES			COMPANY	VALUE
UNITED STATES - 34.3%
	33,411		Anadarko Petroleum Corp	$	2,484,108
	156,910		Archer Daniels Midland Co		7,440,672
	12,066		Bunge Ltd		963,470
	29,800		Cabot Oil & Gas Corp		779,568
	240,525	*	Callon Petroleum Co		1,573,034
	46,070	*	Carrizo Oil & Gas, Inc		1,756,649
	106,601		CF Industries Holdings, Inc		6,310,779
	27,257		Cimarex Energy Co		2,837,999
	7,188	*	Concho Resources, Inc		765,953
	29,169	*	Continental Resources, Inc		974,536
	24,450	e	Core Laboratories NV		2,680,453
	36,634	*	Diamondback Energy, Inc		2,465,468
	42,899		Energen Corp		2,368,025
	40,307		EOG Resources, Inc		3,111,297
	70,275		Exxon Mobil Corp		5,566,483
	82,000		Freeport-McMoRan Copper & Gold, Inc (Class B)		963,500
	303,079		Graphic Packaging Holding Co		4,576,493
	192,175	*,e	Laredo Petroleum Holdings, Inc		1,646,940
	101,747	*	Matador Resources Co		2,241,486
	102,166		Monsanto Co		10,409,694
	21,019		Mosaic Co		902,556
	73,406	*	Newfield Exploration Co		2,406,983
	11,162		NewMarket Corp		4,439,239
	189,622		Newmont Mining Corp		3,255,810
	24,876		Pioneer Natural Resources Co		3,153,531
	135,599	*	RSP Permian, Inc		3,362,855
	129,324		Steel Dynamics, Inc		2,590,360
	16,536	e	Texas Pacific Land Trust		2,162,247
			TOTAL UNITED STATES		84,190,188
			TOTAL COMMON STOCKS		240,172,636
			(Cost $247,831,517)
SHORT-TERM INVESTMENTS - 8.0%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 8.0%
	19,757,304	c	TIAA-CREF Short Term Lending Portfolio of the State Street
			Navigator Securities Lending Trust		19,757,304
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		19,757,304
			TOTAL SHORT-TERM INVESTMENTS		19,757,304
			(Cost $19,757,304)
			TOTAL INVESTMENTS - 105.7% (Cost $267,588,821)		259,929,940
			OTHER ASSETS & LIABILITIES, NET - (5.7)%		(14,126,373	)
			NET ASSETS - 100.0%	$	245,803,567

94

TIAA-CREF FUNDS - Global Natural Resources 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 $18,942,762.

95

TIAA-CREF FUNDS - Global Natural Resources Fund

TIAA-CREF FUNDS
GLOBAL NATURAL RESOURCES FUND
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
July 31, 2015

SECTOR	VALUE			% OF NET ASSETS
MATERIALS	$	141,099,936			57.4	%
ENERGY		81,576,727			33.2
CONSUMER STAPLES		15,333,726			6.2
FINANCIALS		2,162,247			0.9
SHORT-TERM INVESTMENTS		19,757,304			8.0
OTHER ASSETS & LIABILITIES, NET		(14,126,373	)		(5.7	)
NET ASSETS	$	245,803,567			100.0	%

96

TIAA-CREF FUNDS - International Equity Fund

TIAA-CREF FUNDS
INTERNATIONAL EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 97.2%
AUSTRALIA - 0.4%
	899,370	e	BHP Billiton Ltd	$	17,364,501
			TOTAL AUSTRALIA		17,364,501
BELGIUM - 0.3%
	246,668	*	Fagron NV		11,583,824
			TOTAL BELGIUM		11,583,824
DENMARK - 0.5%
	460,817	*	H Lundbeck AS		10,899,591
	178,314		Novo Nordisk AS		10,523,459
			TOTAL DENMARK		21,423,050
FINLAND - 0.8%
	1,094,304	e	KCI Konecranes Oyj		33,877,208
			TOTAL FINLAND		33,877,208
FRANCE - 19.4%
	4,301,476		Accor S.A.		210,873,297
	170,978	e	Aeroports de Paris		20,505,215
	305,925		BNP Paribas		19,899,591
	914,355		Compagnie de Saint-Gobain		43,319,677
	1,719,594		Edenred		42,861,110
	2,006,025		Elior Participations S.C.A		39,421,420
	1,565,615	e	Essilor International S.A.		200,523,113
	1,447,932		Renault S.A.		133,293,313
	2,645,547		Rexel S.A.		41,663,860
	1,013,359		Vinci S.A.		64,944,085
			TOTAL FRANCE		817,304,681
GERMANY - 15.8%
	3,030,654		Adidas-Salomon AG.		248,005,315
	9,794,176	*	Commerzbank AG.		126,663,712
	681,375		Henkel KGaA (Preference)		80,774,245
	707,941		Lanxess AG.		40,881,923
	901,879		Linde AG.		170,214,988
			TOTAL GERMANY		666,540,183
INDIA - 9.8%
	327,736		Eicher Motors Ltd		97,427,971
	5,850,561		HDFC Bank Ltd		101,460,032
	5,511,180	*	IndusInd Bank Ltd		83,972,728
	3,056,333		Larsen & Toubro Ltd		85,331,645
	631,869		Maruti Udyog Ltd		42,645,159
			TOTAL INDIA		410,837,535

97

TIAA-CREF FUNDS - International Equity Fund

SHARES			COMPANY	VALUE
INDONESIA - 0.2%
	13,867,300		PT Indofood Sukses Makmur Tbk	$	6,248,744
			TOTAL INDONESIA		6,248,744
JAPAN - 16.5%
	59,300	e	Daikin Industries Ltd		3,832,417
	1,344,000		Don Quijote Co Ltd		57,295,481
	169,000	e	Fast Retailing Co Ltd		83,603,813
	1,380,700		Hoya Corp		58,387,441
	828,200		Murata Manufacturing Co Ltd		122,699,820
	1,234,000	e	NGK Insulators Ltd		31,627,074
	58,647		Nomura Holdings, Inc		419,965
	3,298,275		Olympus Corp		126,203,276
	9,475,500	*	Pioneer Corp		17,722,310
	4,942,550	*	Sony Corp		140,103,565
	1,094,100		Sony Financial Holdings, Inc		20,914,771
	504,100		Toyota Motor Corp		33,567,898
			TOTAL JAPAN		696,377,831
NETHERLANDS - 4.9%
	59,986		ASML Holding NV		5,962,937
	290,553	*	GrandVision NV		7,099,975
	1,080,047		Heineken NV		84,934,450
	6,280,205		ING Groep NV		106,808,421
	2,768		Royal Dutch Shell plc (A Shares)		79,340
			TOTAL NETHERLANDS		204,885,123
SWEDEN - 3.1%
	11,018,479		Volvo AB (B Shares)		130,689,503
			TOTAL SWEDEN		130,689,503
SWITZERLAND - 4.1%
	128,307	e	Burckhardt Compression Holding AG.		48,463,783
	90,522		Geberit AG.		31,311,930
	497,071		Swatch Group AG. (Registered)		40,740,669
	333,209		UBS AG.		7,660,838
	147,265		Zurich Financial Services AG.		44,843,604
			TOTAL SWITZERLAND		173,020,824
UNITED KINGDOM - 21.1%
	301,139		ARM Holdings plc		4,724,606
	500,403		Associated British Foods plc		25,149,206
	14,196,243		Barclays plc		64,019,968
	3,350,268	e	Essentra plc		47,693,792
	36,029,892		Group 4 Securicor plc		154,472,420
	27,867,310		Man Group plc		70,663,381
	156,728		Rio Tinto plc		6,062,412
	17,965,355	*	Sky plc		319,375,015
	37,354,589	*	Tesco plc		125,621,189

98

TIAA-CREF FUNDS - International Equity Fund

SHARES			COMPANY	RATE			MATURITY DATE	VALUE
	3,000,573		Weir Group plc					$	72,044,950
			TOTAL UNITED KINGDOM						889,826,939
UNITED STATES - 0.3%
	454,360	*	Qiagen NV						12,748,658
			TOTAL UNITED STATES						12,748,658
			TOTAL COMMON STOCKS						4,092,728,604
			(Cost $3,698,086,744)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 3.7%
GOVERNMENT AGENCY DEBT - 1.1%
$	1,900,000		Federal Home Loan Bank (FHLB)		0.050	%	08/14/15		1,899,988
	6,000,000		FHLB		0.060		09/10/15		5,999,682
	40,000,000		FHLB		0.060		09/21/15		39,997,280
			TOTAL GOVERNMENT AGENCY DEBT						47,896,950
TREASURY DEBT - 0.5%
	20,000,000		United States Treasury Bill		0.115		01/14/16		19,988,840
			TOTAL TREASURY DEBT						19,988,840
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.1%
	86,925,314	c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust						86,925,314
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						86,925,314
			TOTAL SHORT-TERM INVESTMENTS						154,811,104
			(Cost $154,810,874)
			TOTAL INVESTMENTS - 100.9% (Cost $3,852,897,618)						4,247,539,708
			OTHER ASSETS & LIABILITIES, NET - (0.9)%						(37,368,314	)
			NET ASSETS - 100.0%					$	4,210,171,394

*	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 $83,265,660.

99

TIAA-CREF FUNDS - International Equity Fund

TIAA-CREF FUNDS
INTERNATIONAL EQUITY FUND
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
July 31, 2015

SECTOR	VALUE			% OF NET ASSETS
CONSUMER DISCRETIONARY	$	1,334,325,810			31.7	%
INDUSTRIALS		941,794,268			22.4
FINANCIALS		647,327,011			15.4
HEALTH CARE		430,869,362			10.1
CONSUMER STAPLES		322,727,834			7.7
MATERIALS		282,217,616			6.7
INFORMATION TECHNOLOGY		133,387,363			3.2
ENERGY		79,340			0.0
SHORT-TERM INVESTMENTS		154,811,104			3.7
OTHER ASSETS & LIABILITIES, NET		(37,368,314	)		(0.9	)
NET ASSETS	$	4,210,171,394			100.0	%

100

TIAA-CREF FUNDS - International Opportunities Fund

TIAA-CREF FUNDS
INTERNATIONAL OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 97.6%
AUSTRALIA - 2.1%
	545,239		Australia & New Zealand Banking Group Ltd	$	13,003,108
	615,211		BHP Billiton Ltd		11,878,128
			TOTAL AUSTRALIA		24,881,236
BELGIUM - 0.7%
	170,753	*	Fagron NV		8,018,765
			TOTAL BELGIUM		8,018,765
BRAZIL - 0.7%
	934,098		Banco Itau Holding Financeira S.A.		8,206,214
			TOTAL BRAZIL		8,206,214
CANADA - 7.9%
	362,972		Alimentation Couche Tard, Inc		16,199,622
	271,532		Dollarama, Inc		16,162,990
	384,300	e	Gildan Activewear, Inc		12,394,215
	332,200	*,e	Imax Corp		12,427,602
	497,400	*	MEG Energy Corp		5,332,070
	246,072	*	Spin Master Corp		3,431,857
	440,839	*	Suncor Energy, Inc		12,417,715
	344,115		Toronto-Dominion Bank		13,884,580
			TOTAL CANADA		92,250,651
CHINA - 4.3%
	14,247,400	*,e,m	China Animal Healthcare Ltd		4,778,355
	7,728,600	e	China Everbright International Ltd		11,873,727
	3,585,200	e	Haitong Securities Co Ltd		6,486,801
	15,315,000	m	Sihuan Pharmaceutical Holdings		8,712,143
	923,200		Tencent Holdings Ltd		17,199,803
	4,844,600	*,e	Xinchen China Power Holdings Ltd		1,531,064
			TOTAL CHINA		50,581,893
FINLAND - 1.8%
	239,900		Huhtamaki Oyj		8,515,361
	255,600		Sampo Oyj (A Shares)		12,647,262
			TOTAL FINLAND		21,162,623
FRANCE - 4.6%
	76,594		L'Oreal S.A.		14,316,400
	179,532		Teleperformance		13,328,768
	329,725		Total S.A.		16,269,606
	76,200		Valeo S.A.		10,155,702
			TOTAL FRANCE		54,070,476

101

TIAA-CREF FUNDS - International Opportunities Fund

SHARES			COMPANY	VALUE
GERMANY - 2.6%
	108,200		Bayerische Motoren Werke AG.	$	10,849,830
	102,705		Beiersdorf AG.		8,775,059
	269,573		Wirecard AG.		10,681,242
			TOTAL GERMANY		30,306,131
HONG KONG - 2.5%
	2,434,200		AIA Group Ltd		15,833,339
	8,111,300	*	PAX Global Technology Ltd		12,950,596
			TOTAL HONG KONG		28,783,935
INDIA - 0.9%
	426,960		Container Corp Of India Ltd		10,932,667
			TOTAL INDIA		10,932,667
INDONESIA - 0.8%
	36,099,300		PT Express Transindo Utama Tbk		2,481,785
	77,055,300		PT Lippo Karawaci Tbk		6,574,969
			TOTAL INDONESIA		9,056,754
IRELAND - 3.9%
	552,035		CRH plc		16,327,410
	183,188		Shire Ltd		16,284,718
	417,403		Smurfit Kappa Group plc		12,552,467
			TOTAL IRELAND		45,164,595
ITALY - 2.0%
	342,300		Moncler S.p.A		6,954,727
	948,400	*	OVS S.p.A		6,285,940
	285,302	*,e	Yoox S.p.A		9,641,345
			TOTAL ITALY		22,882,012
JAPAN - 16.4%
	257,400	*,e	CYBERDYNE, Inc		3,175,641
	373,900		Fuji Heavy Industries Ltd		13,814,675
	230,300	e	GMO Payment Gateway, Inc		7,537,027
	394,800		Hoya Corp		16,695,417
	818,800	e	Infomart Corp		10,879,235
	663,900	e	Kubota Corp		11,354,434
	1,057,000	e	Matsui Securities Co Ltd		9,671,215
	250,100		MonotaRO Co Ltd		13,163,831
	112,000		Murata Manufacturing Co Ltd		16,593,069
	176,700		Nitto Denko Corp		13,373,175
	1,672,700		Nomura Holdings, Inc		11,978,036
	821,400		ORIX Corp		12,268,124
	168,000	e	Seria Co Ltd		7,579,498
	1,458,700		Shimizu Corp		12,792,721
	331,000		Sumitomo Mitsui Financial Group, Inc		14,926,110
	244,900		Sysmex Corp		15,847,543
			TOTAL JAPAN		191,649,751

102

TIAA-CREF FUNDS - International Opportunities Fund

SHARES			COMPANY	VALUE
KOREA, REPUBLIC OF - 2.7%
	55,360		Cosmax, Inc	$	9,609,530
	52,187		Hanssem Co Ltd		13,268,872
	114,536		Loen Entertainment, Inc		8,740,815
			TOTAL KOREA, REPUBLIC OF		31,619,217
MALAYSIA - 1.7%
	6,993,600		IHH Healthcare BHD		10,995,227
	10,299,900		Karex BHD		9,345,183
			TOTAL MALAYSIA		20,340,410
NETHERLANDS - 3.9%
	130,390		ASML Holding NV		12,961,479
	1,221,117		ING Groep NV		20,767,726
	1,032,100	*	TomTom NV		11,160,145
			TOTAL NETHERLANDS		44,889,350
NORWAY - 2.2%
	595,304		DNB NOR Holding ASA		9,704,905
	943,888	e	Statoil ASA		15,912,670
			TOTAL NORWAY		25,617,575
PHILIPPINES - 3.0%
	3,951,980		Banco de Oro Universal Bank		8,680,802
	101,877,800		Megaworld Corp		10,553,792
	19,536,900		Nickel Asia Corp		4,497,150
	7,006,060		Robinsons Retail Holdings, Inc		11,550,386
			TOTAL PHILIPPINES		35,282,130
PORTUGAL - 0.8%
	623,400		Jeronimo Martins SGPS S.A.		9,265,066
			TOTAL PORTUGAL		9,265,066
SPAIN - 2.5%
	575,515		Acerinox S.A.		7,018,584
	278,060	e	Amadeus IT Holding S.A.		12,139,149
	142,139	*,e,m	Let's GOWEX S.A.		1,561
	195,020	e	Tecnicas Reunidas S.A.		9,930,248
			TOTAL SPAIN		29,089,542
SWEDEN - 3.6%
	550,500		Boliden AB		10,165,931
	355,100		Hexagon AB (B Shares)		11,474,067
	322,640		Intrum Justitia AB		10,972,099
	292,584		Kinnevik Investment AB (Series B)		9,355,303
			TOTAL SWEDEN		41,967,400
SWITZERLAND - 4.6%
	105,877		Lonza Group AG.		15,347,355
	235,180		Novartis AG.		24,403,246

103

TIAA-CREF FUNDS - International Opportunities Fund

SHARES			COMPANY	RATE		MATURITY DATE	VALUE
	616,100		UBS AG.				$	14,164,811
			TOTAL SWITZERLAND					53,915,412
TAIWAN - 3.3%
	998,897		Eclat Textile Co Ltd					14,613,208
	3,590,607		Hota Industrial Manufacturing Co Ltd					10,636,655
	2,256,000		Hu Lane Associate, Inc					8,574,531
	432,900		King Slide Works Co Ltd					5,014,006
			TOTAL TAIWAN					38,838,400
UNITED KINGDOM - 15.4%
	1,341,462		Ashtead Group plc					20,570,751
	135,100	*	ASOS plc					7,173,287
	2,077,138	*	Auto Trader Group plc					10,960,680
	3,532,900		Barclays plc					15,932,113
	235,141		Consort Medical plc					3,426,052
	719,377		Countrywide plc					5,852,996
	1,529,698	*	International Consolidated Airlines Group S.A. (London)					12,739,998
	1,825,140	*	Just Eat plc					12,414,157
	4,330,944		Man Group plc					10,982,012
	220,188		Rightmove plc					12,511,107
	3,778,285		Taylor Wimpey plc					11,451,423
	379,159		Travis Perkins plc					13,294,742
	1,130,500		Vesuvius plc					7,210,508
	1,747,186	*	Virgin Money Holdings UK plc					11,585,712
	184,281		Whitbread plc					14,920,069
	406,297		WPP plc					9,335,000
			TOTAL UNITED KINGDOM					180,360,607
UNITED STATES - 2.7%
	189,273	*	Lululemon Athletica, Inc					11,897,701
	76,505	*	Valeant Pharmaceuticals International, Inc					19,615,137
			TOTAL UNITED STATES					31,512,838
			TOTAL COMMON STOCKS					1,140,645,650
			(Cost $981,933,217)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 4.8%
GOVERNMENT AGENCY DEBT - 1.7%
$	20,000,000		Federal Home Loan Bank (FHLB)		0.040%	08/07/15		19,999,960
			TOTAL GOVERNMENT AGENCY DEBT					19,999,960

104

SHARES			COMPANY	VALUE
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 3.1%
	35,682,041	c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust	$	35,682,041
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		35,682,041
			TOTAL SHORT-TERM INVESTMENTS		55,682,001
			(Cost $55,681,907)
			TOTAL INVESTMENTS - 102.4%		1,196,327,651
			(Cost $1,037,615,124)
			OTHER ASSETS & LIABILITIES, NET - (2.4)%		(28,443,163	)
			NET ASSETS - 100.0%	$	1,167,884,488

*	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 $31,997,034.
m	Indicates a security that has been deemed illiquid.

105

TIAA-CREF FUNDS - International Opportunities Fund

TIAA-CREF FUNDS
INTERNATIONAL OPPORTUNITIES FUND
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
July 31, 2015

				% OF
SECTOR	VALUE			NET ASSETS
FINANCIALS	$	243,059,930			20.8	%
CONSUMER DISCRETIONARY		242,080,401			20.7
HEALTH CARE		147,299,599			12.6
INDUSTRIALS		145,730,037			12.5
INFORMATION TECHNOLOGY		135,790,504			11.6
MATERIALS		84,328,206			7.2
CONSUMER STAPLES		79,061,246			6.8
ENERGY		59,862,309			5.1
UTILITIES		3,431,857			0.3
TELECOMMUNICATION SERVICES		1,561			0.0
SHORT-TERM INVESTMENTS		55,682,001			4.8
OTHER ASSETS & LIABILITIES, NET		(28,443,163	)		(2.4	)
NET ASSETS	$	1,167,884,488			100.0	%

106

TIAA-CREF FUNDS - Equity Index Fund

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

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.8%
AUTOMOBILES & COMPONENTS - 1.1%
	30,103	*	American Axle & Manufacturing Holdings, Inc	$	601,458
	95,463		BorgWarner, Inc		4,745,466
	25,308		Cooper Tire & Rubber Co		833,392
	5,446	*	Cooper-Standard Holding, Inc		350,178
	68,250		Dana Holding Corp		1,266,720
	122,095		Delphi Automotive plc		9,533,178
	11,325	*,e	Dorman Products, Inc		597,733
	11,209		Drew Industries, Inc		657,520
	12,398	*	Federal Mogul Corp (Class A)		138,858
	1,642,420		Ford Motor Co		24,357,089
	5,704	*	Fox Factory Holding Corp		90,579
	696,559		General Motors Co		21,948,574
	128,443		Gentex Corp		2,065,363
	14,868	*	Gentherm, Inc		748,306
	120,059		Goodyear Tire & Rubber Co		3,617,378
	88,859		Harley-Davidson, Inc		5,180,480
	7,334	*	Horizon Global Corp		91,822
	275,376		Johnson Controls, Inc		12,546,131
	35,272		Lear Corp		3,670,757
	14,312		Metaldyne Performance Group, Inc		268,207
	21,146	*	Modine Manufacturing Co		214,209
	7,659	*	Motorcar Parts of America, Inc		226,936
	12,315		Remy International, Inc		364,524
	9,464		Standard Motor Products, Inc		346,098
	12,077	*	Stoneridge, Inc		146,977
	1,415		Strattec Security Corp		99,460
	9,325		Superior Industries International, Inc		157,779
	24,474	*	Tenneco, Inc		1,219,050
	43,812	*,e	Tesla Motors, Inc		11,660,564
	18,249		Thor Industries, Inc		1,019,754
	8,345	*	Tower International, Inc		218,055
	19,258	*	Visteon Corp		1,916,749
	11,180	e	Winnebago Industries, Inc		249,649
			TOTAL AUTOMOBILES & COMPONENTS		111,148,993
BANKS - 6.3%
	5,849		1st Source Corp		198,808
	2,590	e	Access National Corp		50,272
	3,144		American National Bankshares, Inc		74,450
	13,132		Ameris Bancorp		354,695
	3,475	e	Ames National Corp		84,234
	1,521	*	Anchor BanCorp Wisconsin, Inc		56,292
	12,788		Apollo Residential Mortgage		185,170
	4,470		Arrow Financial Corp		123,104

107

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	63,588		Associated Banc-Corp	$	1,253,319
	43,500		Astoria Financial Corp		657,720
	16,132		Banc of California, Inc		195,681
	2,807		Bancfirst Corp		178,553
	11,733		Banco Latinoamericano de Exportaciones S.A. (Class E)		322,892
	38,151		Bancorpsouth, Inc		964,076
	19,189		Bank Mutual Corp		139,504
	4,558,739		Bank of America Corp		81,510,253
	30,474		Bank of Hawaii Corp		2,056,081
	2,316		Bank of Marin Bancorp		112,720
	35,178		Bank of the Ozarks, Inc		1,552,053
	7,344		BankFinancial Corp		88,789
	41,337		BankUnited		1,509,627
	8,508		Banner Corp		405,491
	1,817		Bar Harbor Bankshares		62,323
	325,301		BB&T Corp		13,099,871
	31,951		BBCN Bancorp, Inc		490,448
	2,587	*,e	BBX Capital Corp		41,314
	6,029	*	Bear State Financial, Inc		55,165
	30,462	*	Beneficial Bancorp, Inc		391,741
	11,569		Berkshire Hills Bancorp, Inc		336,658
	11,500	*	Blue Hills Bancorp, Inc		166,060
	9,503		BNC Bancorp		214,008
	6,438	*,e	BofI Holding, Inc		790,908
	11,776		BOK Financial Corp		782,633
	33,474		Boston Private Financial Holdings, Inc		421,103
	4,660		Bridge Bancorp, Inc		120,508
	27,051		Brookline Bancorp, Inc		304,865
	5,973		Bryn Mawr Bank Corp		172,261
	3,755	*	BSB Bancorp, Inc		78,630
	2,211	*	C1 Financial, Inc		42,562
	2,827		Camden National Corp		113,815
	9,174	*	Capital Bank Financial Corp		274,945
	4,271		Capital City Bank Group, Inc		65,944
	70,259		Capitol Federal Financial		844,513
	12,761		Cardinal Financial Corp		298,097
	11,872	*	Cascade Bancorp		61,260
	32,310		Cathay General Bancorp		1,037,474
	18,776		Centerstate Banks of Florida, Inc		261,737
	8,706		Central Pacific Financial Corp		202,763
	1,649		Century Bancorp, Inc		68,681
	8,748		Charter Financial Corp		106,201
	12,790		Chemical Financial Corp		421,430
	75,498		CIT Group, Inc		3,551,426
	1,317,587		Citigroup, Inc		77,026,136
	5,032		Citizens & Northern Corp		99,332
	124,623		Citizens Financial Group, Inc		3,248,922
	6,773	e	City Holding Co		326,594
	19,417		City National Corp		1,745,782
	10,322		Clifton Bancorp, Inc		140,379
	5,791		CNB Financial Corp		100,648
	14,484		CoBiz, Inc		185,250

108

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	22,467		Columbia Banking System, Inc	$	736,693
	78,961		Comerica, Inc		3,745,120
	38,739		Commerce Bancshares, Inc		1,824,220
	22,271	e	Community Bank System, Inc		851,420
	6,977		Community Trust Bancorp, Inc		244,265
	4,655	*	CommunityOne Bancorp		51,065
	11,785		ConnectOne Bancorp, Inc		251,728
	6,901	*	CU Bancorp		153,133
	25,304		Cullen/Frost Bankers, Inc		1,833,275
	11,525	*	Customers Bancorp, Inc		289,854
	48,312		CVB Financial Corp		855,606
	9,848		Dime Community Bancshares		167,416
	12,160	*	Eagle Bancorp, Inc		539,904
	60,089		East West Bancorp, Inc		2,689,584
	3,026		Enterprise Bancorp, Inc		66,481
	7,766		Enterprise Financial Services Corp		187,394
	23,147	*	Essent Group Ltd		677,513
	38,938		EverBank Financial Corp		776,424
	2,904	*	Farmers Capital Bank Corp		74,284
	11,366	*	FCB Financial Holdings, Inc		394,741
	4,261		Federal Agricultural Mortgage Corp (Class C)		113,982
	6,593		Fidelity Southern Corp		128,168
	350,662		Fifth Third Bancorp		7,388,448
	5,686		Financial Institutions, Inc		139,534
	7,695		First Bancorp (NC)		131,354
	56,710	*	First Bancorp (Puerto Rico)		244,420
	3,643		First Bancorp, Inc		69,253
	28,287		First Busey Corp		180,188
	1,622		First Business Financial Services, Inc		70,962
	4,018		First Citizens Bancshares, Inc (Class A)		1,029,974
	37,222		First Commonwealth Financial Corp		342,442
	6,839		First Community Bancshares, Inc		121,666
	6,547		First Connecticut Bancorp		105,538
	3,699		First Defiance Financial Corp		142,227
	23,087		First Financial Bancorp		438,884
	30,897	e	First Financial Bankshares, Inc		1,049,880
	4,551		First Financial Corp		151,002
	95,427		First Horizon National Corp		1,512,518
	6,709		First Interstate Bancsystem, Inc		186,041
	15,315		First Merchants Corp		398,649
	31,576		First Midwest Bancorp, Inc		592,682
	9,317	*	First NBC Bank Holding Co		355,909
	157,542		First Niagara Financial Group, Inc		1,529,733
	4,731		First of Long Island Corp		128,872
	68,933		First Republic Bank		4,397,236
	66,882		FirstMerit Corp		1,253,369
	8,294	*	Flagstar Bancorp, Inc		168,368
	11,966		Flushing Financial Corp		248,414
	70,680		FNB Corp		974,677
	4,715		Fox Chase Bancorp, Inc		80,485
	2,070	*	Franklin Financial Network, Inc		52,247
	75,235		Fulton Financial Corp		975,046

109

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,141		German American Bancorp, Inc	$	149,655
	29,731		Glacier Bancorp, Inc		835,441
	4,253		Great Southern Bancorp, Inc		176,499
	16,137		Great Western Bancorp, Inc		423,758
	4,011	*	Green Bancorp, Inc		54,830
	5,658		Guaranty Bancorp		90,698
	15,264	*,e	Hampton Roads Bankshares, Inc		32,054
	32,474		Hancock Holding Co		948,890
	12,696		Hanmi Financial Corp		321,336
	7,136		Heartland Financial USA, Inc		268,884
	8,704		Heritage Commerce Corp		96,527
	11,879		Heritage Financial Corp		210,258
	9,193		Heritage Oaks Bancorp		73,176
	31,405	*	Hilltop Holdings, Inc		661,075
	221		Hingham Institution for Savings		26,743
	22,719		Home Bancshares, Inc		904,671
	8,704		HomeStreet, Inc		196,797
	8,420	*	HomeTrust Bancshares, Inc		144,319
	3,681		Horizon Bancorp		89,301
	226,820		Hudson City Bancorp, Inc		2,338,514
	337,292		Huntington Bancshares, Inc		3,936,198
	14,980		IBERIABANK Corp		966,959
	3,645	*	Impac Mortgage Holdings, Inc		79,716
	10,260		Independent Bank Corp (MA)		496,174
	9,223		Independent Bank Corp (MI)		131,520
	4,046		Independent Bank Group, Inc		179,966
	21,517		International Bancshares Corp		579,453
	190,587		Investors Bancorp, Inc		2,321,350
	1,608,341		JPMorgan Chase & Co		110,219,609
	34,024	*	Kearny Financial Corp		379,368
	396,977		Keycorp		5,891,139
	15,875		Ladder Capital Corp		249,396
	14,928		Lakeland Bancorp, Inc		168,686
	6,729		Lakeland Financial Corp		286,252
	18,393		LegacyTexas Financial Group, Inc		558,963
	2,719	*	LendingTree, Inc		225,459
	57,541		M&T Bank Corp		7,546,502
	8,727		MainSource Financial Group, Inc		191,034
	30,171		MB Financial, Inc		1,028,831
	6,978		Mercantile Bank Corp		143,747
	1,972		Merchants Bancshares, Inc		62,315
	19,340	*	Meridian Bancorp, Inc		252,194
	2,375		Meta Financial Group, Inc		120,080
	159,325	*,e	MGIC Investment Corp		1,763,728
	2,881		MidWestOne Financial Group, Inc		93,316
	16,489		National Bank Holdings Corp		356,822
	2,810	e	National Bankshares, Inc		85,565
	2,432	*,e	National Commerce Corp		63,962
	52,389		National Penn Bancshares, Inc		561,610
	16,262	*,e	Nationstar Mortgage Holdings, Inc		301,660
	17,248		NBT Bancorp, Inc		466,213
	232,847	e	New York Community Bancorp, Inc		4,431,078

110

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	14,807		NewBridge Bancorp	$	130,450
	20,415	*	NMI Holdings, Inc		163,320
	23,793		Northfield Bancorp, Inc		358,323
	37,412	e	Northwest Bancshares, Inc		474,758
	5,353		OceanFirst Financial Corp		93,838
	44,943	*,e	Ocwen Financial Corp		378,869
	17,355	e	OFG Bancorp		139,881
	46,194		Old National Bancorp		664,732
	11,628	*	Old Second Bancorp, Inc		75,698
	4,709		Opus Bank		184,357
	18,115		Oritani Financial Corp		284,587
	6,850		Pacific Continental Corp		90,968
	7,914	*	Pacific Premier Bancorp, Inc		150,445
	42,025		PacWest Bancorp		1,945,337
	1,937		Palmetto Bancshares, Inc		38,333
	5,514	e	Park National Corp		483,026
	18,284		Park Sterling Bank		132,376
	4,691		Peapack Gladstone Financial Corp		104,140
	1,915		Penns Woods Bancorp, Inc		82,230
	5,701		Pennsylvania Commerce Bancorp, Inc		139,503
	5,122	*	PennyMac Financial Services, Inc		93,374
	6,191		Peoples Bancorp, Inc		130,259
	3,001	e	Peoples Financial Services Corp		117,879
	137,110	e	People’s United Financial, Inc		2,230,780
	14,610		Pinnacle Financial Partners, Inc		775,645
	229,738		PNC Financial Services Group, Inc		22,555,677
	43,009	*	Popular, Inc		1,316,936
	4,781		Preferred Bank		150,697
	32,113		PrivateBancorp, Inc		1,327,551
	32,606		Prosperity Bancshares, Inc		1,779,962
	22,929		Provident Financial Services, Inc		449,867
	4,442		QCR Holdings, Inc		95,770
	79,106	e	Radian Group, Inc		1,460,297
	576,763		Regions Financial Corp		5,992,568
	15,229		Renasant Corp		489,612
	4,212		Republic Bancorp, Inc (Class A)		105,932
	13,385		S&T Bancorp, Inc		413,864
	9,942		Sandy Spring Bancorp, Inc		271,814
	8,635	*	Seacoast Banking Corp of Florida		129,093
	8,590		ServisFirst Bancshares, Inc		333,636
	5,108		Sierra Bancorp		84,793
	22,991	*	Signature Bank		3,347,260
	11,716		Simmons First National Corp (Class A)		532,492
	11,640		South State Corp		904,661
	9,603	e	Southside Bancshares, Inc		262,354
	7,722		Southwest Bancorp, Inc		135,367
	6,879	*	Square  Financial, Inc		185,527
	13,918		State Bank & Trust Co		281,840
	52,783		Sterling Bancorp/DE		785,939
	5,933		Stock Yards Bancorp, Inc		218,690
	3,414		Stonegate Bank		105,049
	5,417	*,e	Stonegate Mortgage Corp		51,841

111

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	4,609		Suffolk Bancorp	$	132,831
	3,512	*	Sun Bancorp, Inc		73,366
	214,081		SunTrust Banks, Inc		9,492,352
	74,408		Susquehanna Bancshares, Inc		1,056,594
	21,184	*	SVB Financial Group		3,031,430
	61,250		Synovus Financial Corp		1,930,600
	22,554		Talmer Bancorp Inc		367,630
	67,434		TCF Financial Corp		1,109,964
	3,666		Territorial Bancorp, Inc		92,786
	21,057	*	Texas Capital Bancshares, Inc		1,241,100
	35,369		TFS Financial Corp		596,321
	12,064	*	The Bancorp, Inc		100,734
	5,756		Tompkins Trustco, Inc		311,112
	17,601		TowneBank		310,658
	9,011		Trico Bancshares		223,383
	8,498	*	Tristate Capital Holdings, Inc		107,330
	5,557	*	Triumph Bancorp, Inc		78,131
	37,033		Trustco Bank Corp NY		230,716
	36,220		Trustmark Corp		870,729
	15,425		UMB Financial Corp		845,599
	91,215		Umpqua Holdings Corp		1,618,154
	18,425	e	Union Bankshares Corp		454,729
	27,752	e	United Bankshares, Inc		1,124,789
	20,030		United Community Banks, Inc		418,026
	19,365		United Community Financial Corp		99,923
	19,970		United Financial Bancorp, Inc (New)		269,395
	6,493		Univest Corp of Pennsylvania		129,405
	731,748		US Bancorp		33,082,327
	111,029		Valley National Bancorp		1,101,408
	11,109	*	Walker & Dunlop, Inc		266,061
	40,232		Washington Federal, Inc		936,601
	5,936		Washington Trust Bancorp, Inc		236,075
	13,586		Waterstone Financial, Inc		175,395
	36,708		Webster Financial Corp		1,419,131
	2,018,635		Wells Fargo & Co		116,818,407
	14,724		WesBanco, Inc		489,131
	6,091		West Bancorporation, Inc		118,957
	14,291	e	Westamerica Bancorporation		699,973
	37,146	*	Western Alliance Bancorp		1,256,649
	28,639		Wilshire Bancorp, Inc		332,785
	18,363		Wintrust Financial Corp		990,133
	12,825		WSFS Financial Corp		368,206
	10,503	*	Yadkin Financial Corp		225,394
	90,422		Zions Bancorporation		2,820,262
			TOTAL BANKS		634,007,629
CAPITAL GOODS - 7.3%
	269,095		3M Co		40,724,837
	30,970		A.O. Smith Corp		2,224,265
	20,336		Aaon, Inc		451,256
	14,774		AAR Corp		398,159
	18,679	*	Accuride Corp		76,024

112

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	27,308		Actuant Corp (Class A)	$	629,723
	18,043		Acuity Brands, Inc		3,630,071
	13,688	e	Advanced Drainage Systems, Inc		380,937
	64,827	*	Aecom Technology Corp		1,998,616
	15,083	*	Aegion Corp		298,191
	25,799	*,e	Aerojet Rocketdyne Holdings, Inc		603,955
	7,674	*	Aerovironment, Inc		199,984
	32,826	e	AGCO Corp		1,805,758
	42,783		Air Lease Corp		1,512,379
	25,938		Aircastle Ltd		624,328
	3,979		Alamo Group, Inc		209,057
	12,060		Albany International Corp (Class A)		448,873
	39,605		Allegion plc		2,503,828
	2,945		Allied Motion Technologies, Inc		62,257
	72,467		Allison Transmission Holdings, Inc		2,114,587
	10,776		Altra Holdings, Inc		273,710
	8,663	*	Ameresco, Inc		59,775
	3,814	e	American Railcar Industries, Inc		152,369
	3,837		American Science & Engineering, Inc		171,476
	5,242	*	American Woodmark Corp		344,714
	100,546		Ametek, Inc		5,333,965
	13,179		Apogee Enterprises, Inc		727,217
	16,844		Applied Industrial Technologies, Inc		650,684
	5,194		Argan, Inc		201,943
	17,644	*	Armstrong World Industries, Inc		1,032,174
	43,101	*	ArvinMeritor, Inc		606,862
	12,938		Astec Industries, Inc		508,593
	7,868	*	Astronics Corp		487,816
	10,524		AZZ, Inc		544,617
	21,982	*	Babcock & Wilcox Enterprises, Inc		433,485
	21,518		Barnes Group, Inc		837,696
	59,641		BE Aerospace, Inc		2,905,113
	20,005	*	Beacon Roofing Supply, Inc		700,175
	19,690	*	Blount International, Inc		164,608
	1,363	*,e	Blue Bird Corp		17,869
	302,179		Boeing Co		43,565,147
	17,803		Briggs & Stratton Corp		328,999
	21,461	*	Builders FirstSource, Inc		322,773
	43,964		BWX Technologies, Inc		1,079,756
	6,887	*	CAI International, Inc		96,831
	26,982		Carlisle Cos, Inc		2,732,197
	255,833		Caterpillar, Inc		20,116,149
	12,653	*	Chart Industries, Inc		345,427
	41,842	e	Chicago Bridge & Iron Co NV		2,223,484
	6,858		CIRCOR International, Inc		328,018
	21,011		Clarcor, Inc		1,264,232
	60,027	*,e	Colfax Corp		2,289,430
	7,576		Columbus McKinnon Corp		177,733
	17,680		Comfort Systems USA, Inc		488,675
	11,607	*	Commercial Vehicle Group, Inc		68,597
	12,972	*	Continental Building Products Inc		275,525
	19,013		Crane Co		1,011,492

113

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	8,646		Cubic Corp	$	383,623
	76,891		Cummins, Inc		9,959,691
	20,863		Curtiss-Wright Corp		1,405,540
	256,254		Danaher Corp		23,462,616
	140,021		Deere & Co		13,241,786
	29,960	*	DigitalGlobe, Inc		634,553
	60,343		Donaldson Co, Inc		2,027,525
	11,557		Douglas Dynamics, Inc		237,150
	66,378		Dover Corp		4,252,838
	4,457	*	Ducommun, Inc		106,745
	5,115	*	DXP Enterprises, Inc		187,721
	14,300	*	Dycom Industries, Inc		944,658
	204,389		Eaton Corp		12,381,886
	26,817		EMCOR Group, Inc		1,282,657
	284,071		Emerson Electric Co		14,700,674
	8,584		Encore Wire Corp		294,689
	18,470		EnerSys		1,153,452
	6,890		Engility Holdings, Inc		150,960
	11,729	*,e	Enphase Energy, Inc		69,318
	12,925		EnPro Industries, Inc		655,039
	10,586		ESCO Technologies, Inc		403,009
	13,491	*	Esterline Technologies Corp		1,196,112
	123,316	e	Fastenal Co		5,162,008
	24,042		Federal Signal Corp		359,668
	55,718		Flowserve Corp		2,618,189
	62,776		Fluor Corp		2,934,778
	68,654		Fortune Brands Home & Security, Inc		3,278,229
	19,534		Franklin Electric Co, Inc		563,751
	7,735		Freightcar America, Inc		148,976
	105,235	*,e	FuelCell Energy, Inc		88,587
	16,219	*	Furmanite Corp		105,748
	33,219		GATX Corp		1,761,936
	28,834	*,e	Generac Holdings, Inc		1,011,208
	21,698		General Cable Corp		354,111
	123,603		General Dynamics Corp		18,430,443
	4,365,593		General Electric Co		113,941,977
	13,826	*	Gibraltar Industries, Inc		264,630
	8,684		Global Brass & Copper Holdings, Inc		146,325
	9,996		Gorman-Rupp Co		256,297
	24,145		Graco, Inc		1,726,126
	55,840	*	GrafTech International Ltd		280,875
	4,428		Graham Corp		83,601
	15,779		Granite Construction, Inc		536,802
	23,276	*	Great Lakes Dredge & Dock Corp		118,009
	11,454	e	Greenbrier Cos, Inc		524,021
	17,223		Griffon Corp		296,925
	13,024		H&E Equipment Services, Inc		233,651
	32,060		Harsco Corp		440,504
	8,746	*,e	HC2 Holdings, Inc		68,219
	71,180	*	HD Supply Holdings, Inc		2,548,244
	8,701		HEICO Corp		477,076
	16,227		HEICO Corp (Class A)		736,057

114

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	41,494		Hexcel Corp	$	2,153,124
	25,622		Hillenbrand, Inc		726,640
	328,859		Honeywell International, Inc		34,546,638
	31,928		Hubbell, Inc (Class B)		3,333,603
	19,990		Huntington Ingalls		2,347,026
	2,730		Hurco Cos, Inc		85,449
	4,045		Hyster-Yale Materials Handling, Inc		273,725
	32,033		IDEX Corp		2,435,469
	127,820		Illinois Tool Works, Inc		11,436,055
	110,700		Ingersoll-Rand plc		6,796,980
	7,341		Insteel Industries, Inc		119,952
	38,702		ITT Corp		1,470,676
	52,136	*	Jacobs Engineering Group, Inc		2,195,968
	11,834		John Bean Technologies Corp		431,349
	56,510	e	Joy Global, Inc		1,492,429
	4,553		Kadant, Inc		207,571
	10,788		Kaman Corp		425,802
	60,138		KBR, Inc		1,050,611
	32,042		Kennametal, Inc		1,015,411
	14,738	*,e	KEYW Holding Corp		119,820
	21,521	*	KLX, Inc		845,345
	18,068	*	Kratos Defense & Security Solutions, Inc		98,651
	35,037		L-3 Communications Holdings, Inc		4,045,372
	1,979	*	Lawson Products, Inc		54,145
	4,086		LB Foster Co (Class A)		119,924
	21,938		Lennox International, Inc		2,590,220
	32,107		Lincoln Electric Holdings, Inc		1,944,079
	5,108	e	Lindsay Manufacturing Co		428,408
	119,214		Lockheed Martin Corp		24,689,219
	8,117		LSI Industries, Inc		80,845
	7,012	*	Lydall, Inc		208,327
	56,268		Manitowoc Co, Inc		994,256
	145,090		Masco Corp		3,828,925
	15,999	*	Masonite International Corp		1,105,051
	27,378	*	Mastec, Inc		504,577
	28,910	*	Middleby Corp		3,547,257
	5,071		Miller Industries, Inc		88,793
	17,326	*	Moog, Inc (Class A)		1,158,416
	44,127	*	MRC Global, Inc		567,032
	19,468		MSC Industrial Direct Co (Class A)		1,387,290
	23,127		Mueller Industries, Inc		748,621
	108,827		Mueller Water Products, Inc (Class A)		971,825
	8,496	*	MYR Group, Inc		255,220
	1,821	e	National Presto Industries, Inc		144,150
	21,878	*,e	Navistar International Corp		383,740
	14,901	*	NCI Building Systems, Inc		192,968
	4,363	*	Neff Corp		35,951
	9,468		NN, Inc		216,154
	35,164		Nordson Corp		2,606,004
	3,848	*	Nortek, Inc		313,958
	86,119		Northrop Grumman Corp		14,899,448
	3,916	*	Northwest Pipe Co		70,684

115

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	44,610	*,e	NOW, Inc	$	776,214
	2,164	*,e	NV5 Holdings, Inc		52,347
	1,327		Omega Flex, Inc		43,061
	25,889		Orbital ATK, Inc		1,836,825
	11,009	*	Orion Marine Group, Inc		79,705
	34,026		Oshkosh Truck Corp		1,243,310
	49,014		Owens Corning, Inc		2,198,278
	148,246		Paccar, Inc		9,612,271
	44,753		Pall Corp		5,659,017
	59,325		Parker Hannifin Corp		6,688,894
	5,331	*	Patrick Industries, Inc		192,129
	77,513		Pentair plc		4,713,566
	17,912	*	Perini Corp		374,898
	20,247	*	Pgt, Inc		325,369
	79,073	*,e	Plug Power, Inc		204,799
	10,543	*	Ply Gem Holdings, Inc		152,346
	19,684	*	Polypore International, Inc		1,183,402
	4,787		Powell Industries, Inc		142,844
	2,412	*,e	Power Solutions International, Inc		100,050
	11,395	*	PowerSecure International, Inc		172,520
	58,664		Precision Castparts Corp		11,434,787
	1,112		Preformed Line Products Co		38,320
	15,775		Primoris Services Corp		286,316
	21,667	*,e	Proto Labs, Inc		1,633,042
	13,625		Quanex Building Products Corp		273,590
	85,925	*	Quanta Services, Inc		2,373,249
	15,258		Raven Industries, Inc		296,463
	130,713		Raytheon Co		14,259,481
	10,650		RBC Bearings, Inc		721,538
	18,020		Regal-Beloit Corp		1,251,129
	41,807	*	Rexnord Corp		886,308
	56,282		Rockwell Automation, Inc		6,572,612
	56,276		Rockwell Collins, Inc		4,762,075
	41,981		Roper Industries, Inc		7,022,162
	15,653	*	Rush Enterprises, Inc (Class A)		398,995
	16,416		Simpson Manufacturing Co, Inc		588,021
	23,767		Snap-On, Inc		3,916,802
	25,026	*,e	SolarCity Corp		1,451,508
	5,336	*	Sparton Corp		127,317
	60,440	*	Spirit Aerosystems Holdings, Inc (Class A)		3,402,772
	17,452		SPX Corp		1,141,535
	7,474		Standex International Corp		559,354
	66,106		Stanley Works		6,973,522
	6,205	*	Stock Building Supply Holdings, Inc		120,253
	10,632		Sun Hydraulics Corp		376,585
	15,546	e	TAL International Group, Inc		307,811
	22,046	*,e	Taser International, Inc		600,092
	15,081	*	Teledyne Technologies, Inc		1,563,447
	8,345		Tennant Co		499,114
	78,628		Terex Corp		1,742,397
	8,797	e	Textainer Group Holdings Ltd		199,340
	115,335		Textron, Inc		5,040,140

116

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,099	*,e	The ExOne Company	$	49,307
	29,628	*	Thermon Group Holdings		714,924
	32,498		Timken Co		1,084,783
	18,588	e	Titan International, Inc		173,612
	6,762	*	Titan Machinery, Inc		95,006
	23,635		Toro Co		1,614,980
	26,341		TransDigm Group, Inc		5,960,968
	14,357	*	Trex Co, Inc		651,377
	18,336	*	Trimas Corp		430,896
	66,196		Trinity Industries, Inc		1,936,895
	21,201		Triumph Group, Inc		1,141,674
	3,684		Twin Disc, Inc		59,312
	41,131	*	United Rentals, Inc		2,755,366
	377,127		United Technologies Corp		37,829,609
	8,250		Universal Forest Products, Inc		523,875
	37,812	*,e	USG Corp		1,171,416
	10,648		Valmont Industries, Inc		1,184,377
	4,334	*	Vectrus, Inc		100,549
	3,422	*	Veritiv Corp		127,504
	6,360	*,e	Vicor Corp		66,208
	27,626	e	W.W. Grainger, Inc		6,318,342
	30,017	*	Wabash National Corp		412,434
	22,514	*	WABCO Holdings, Inc		2,779,804
	10,538		Watsco, Inc		1,351,393
	11,307		Watts Water Technologies, Inc (Class A)		627,086
	22,429	*,e	WESCO International, Inc		1,376,243
	40,140		Westinghouse Air Brake Technologies Corp		4,061,767
	26,864		Woodward Governor Co		1,326,007
	4,989	*	Xerium Technologies, Inc		84,663
	79,368		Xylem, Inc		2,740,577
			TOTAL CAPITAL GOODS		739,507,653
COMMERCIAL & PROFESSIONAL SERVICES - 1.1%
	22,665		ABM Industries, Inc		747,038
	21,168	e	Acacia Research (Acacia Technologies)		199,191
	45,827	*	ACCO Brands Corp		374,865
	8,969		Administaff, Inc		450,961
	73,956	e	ADT Corp		2,553,701
	17,461	*	Advisory Board Co		1,045,914
	8,688		American Ecology Corp		398,692
	17,200	*	ARC Document Solutions, Inc		118,852
	2,966		Barrett Business Services, Inc		122,792
	19,508		Brady Corp (Class A)		458,828
	20,984		Brink’s Co		655,330
	15,707	*	Casella Waste Systems, Inc (Class A)		99,739
	18,954	*,e	CBIZ, Inc		185,749
	5,378		CDI Corp		65,128
	13,882		CEB, Inc		1,062,251
	9,740	e	Ceco Environmental Corp		87,660
	43,711		Cintas Corp		3,737,290
	126,473	*	Civeo Corp		270,652
	24,625	*	Clean Harbors, Inc		1,219,430

117

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	52,474	*	Copart, Inc	$	1,890,638
	47,660		Covanta Holding Corp		940,808
	4,164	*	CRA International, Inc		97,188
	20,444		Deluxe Corp		1,317,207
	15,852		Dun & Bradstreet Corp		1,977,854
	10,065		Ennis, Inc		168,891
	50,075		Equifax, Inc		5,114,160
	15,568		Essendant, Inc		573,214
	10,306		Exponent, Inc		458,514
	4,553	*	Franklin Covey Co		86,097
	17,184	*	FTI Consulting, Inc		703,169
	8,121		G & K Services, Inc (Class A)		532,413
	5,783	*	GP Strategies Corp		165,914
	28,972	e	Healthcare Services Group		1,011,413
	7,483		Heidrick & Struggles International, Inc		163,653
	5,084	*	Heritage-Crystal Clean, Inc		65,329
	25,719		Herman Miller, Inc		721,161
	15,433	*	Hill International, Inc		73,770
	19,749		HNI Corp		979,353
	9,511	*	Huron Consulting Group, Inc		727,306
	7,835	*	ICF International, Inc		287,231
	71,647	*	ICO Global Communications Holdings Ltd		98,873
	28,986	*	IHS, Inc (Class A)		3,624,120
	15,602	*	Innerworkings, Inc		117,015
	26,879		Interface, Inc		698,048
	59,039		KAR Auction Services, Inc		2,298,388
	11,838		Kelly Services, Inc (Class A)		176,860
	10,767		Kforce, Inc		251,625
	13,713		Kimball International, Inc (Class B)		155,231
	19,323		Knoll, Inc		467,617
	22,769		Korn/Ferry International		762,306
	33,590		Manpower, Inc		3,039,223
	13,491		Matthews International Corp (Class A)		726,490
	10,372		McGrath RentCorp		263,034
	6,545	*	Mistras Group, Inc		117,745
	18,929		Mobile Mini, Inc		702,834
	11,856		MSA Safety, Inc		612,362
	5,330		Multi-Color Corp		340,374
	19,412	*	Navigant Consulting, Inc		305,157
	154,038		Nielsen Holdings NV		7,464,681
	3,010		NL Industries, Inc		20,257
	22,397	*	On Assignment, Inc		858,253
	87,078		Pitney Bowes, Inc		1,821,672
	12,046		Quad		198,157
	86,215	e	R.R. Donnelley & Sons Co		1,513,073
	104,204		Republic Services, Inc		4,431,796
	15,702		Resources Connection, Inc		248,563
	58,314		Robert Half International, Inc		3,209,019
	67,440		Rollins, Inc		1,955,760
	22,513	*	RPX Corp		348,501
	6,998	*	SP Plus Corp		182,998
	32,910		Steelcase, Inc (Class A)		587,444

118

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	40,173	*	Stericycle, Inc	$	5,663,188
	8,338	*	Team, Inc		361,869
	25,530		Tetra Tech, Inc		680,119
	28,830		Towers Watson & Co		3,655,067
	6,571	*	TRC Cos, Inc		63,082
	17,308	*	TriNet Group, Inc		465,239
	17,447	*	TrueBlue, Inc		449,435
	179,545		Tyco International plc		6,820,915
	5,936		Unifirst Corp		657,828
	72,634	*	Verisk Analytics, Inc		5,673,442
	8,044		Viad Corp		230,621
	3,484	*,e	Volt Information Sciences, Inc		33,551
	1,597		VSE Corp		75,698
	15,815	*	WageWorks, Inc		789,959
	49,937		Waste Connections, Inc		2,503,342
	205,025		Waste Management, Inc		10,482,928
	21,258		West Corp		613,293
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		108,726,398
CONSUMER DURABLES & APPAREL - 1.7%
	5,230		Arctic Cat, Inc		149,630
	4,218		Bassett Furniture Industries, Inc		138,308
	13,771	*	Beazer Homes USA, Inc		264,128
	10,025	*	Black Diamond, Inc		95,187
	38,562		Brunswick Corp		2,047,257
	92,422		Callaway Golf Co		846,586
	22,250		Carter’s, Inc		2,256,372
	3,668	*	Cavco Industries, Inc		268,057
	8,148	*,e	Century Communities, Inc		164,590
	3,656	*	Cherokee, Inc		102,624
	115,804		Coach, Inc		3,613,085
	12,865		Columbia Sportswear Co		920,362
	34,925	*,e	CROCS, Inc		549,370
	3,648		CSS Industries, Inc		103,567
	4,107		Culp, Inc		124,237
	14,574	*	Deckers Outdoor Corp		1,062,153
	138,576		DR Horton, Inc		4,114,321
	3,755		Escalade, Inc		64,811
	10,103	e	Ethan Allen Interiors, Inc		305,010
	1,909		Flexsteel Industries, Inc		76,207
	18,198	*	Fossil Group, Inc		1,251,112
	51,453	*	Garmin Ltd		2,156,395
	16,700	*	G-III Apparel Group Ltd		1,206,241
	40,123	*,e	GoPro, Inc		2,491,638
	5,869	*	Green Brick Partners, Inc		70,780
	168,760		Hanesbrands, Inc		5,236,623
	35,167		Harman International Industries, Inc		3,786,079
	47,153		Hasbro, Inc		3,712,827
	12,573	*	Helen of Troy Ltd		1,103,658
	3,936		Hooker Furniture Corp		98,203
	59,283	*,e	Hovnanian Enterprises, Inc (Class A)		119,752
	20,068	*	Iconix Brand Group, Inc		436,078

119

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	15,344	*	Installed Building Products Inc	$	416,896
	12,744	*,e	iRobot Corp		392,388
	7,723	*,e	Jakks Pacific, Inc		76,072
	80,507	*	Jarden Corp		4,427,885
	2,125		Johnson Outdoors, Inc		44,837
	53,642	*	Kate Spade & Co		1,079,277
	35,932	e	KB Home		574,193
	22,054		La-Z-Boy, Inc		560,172
	58,131		Leggett & Platt, Inc		2,779,243
	3,888		Lennar Corp (B Shares)		170,528
	73,885		Lennar Corp (Class A)		3,918,860
	6,092	*,e	LGI Homes, Inc		119,038
	10,480		Libbey, Inc		389,961
	3,865		Lifetime Brands, Inc		56,197
	47,053	*	Lululemon Athletica, Inc		2,957,752
	9,944	*,e	M/I Homes, Inc		249,396
	7,425	*	Malibu Boats Inc		143,377
	4,381		Marine Products Corp		27,294
	167,055		Mattel, Inc		3,877,347
	16,143	e	MDC Holdings, Inc		482,030
	16,210	*	Meritage Homes Corp		731,071
	84,501	*	Michael Kors Holdings Ltd		3,548,197
	25,675	*	Mohawk Industries, Inc		5,175,823
	6,272		Movado Group, Inc		158,870
	1,709		Nacco Industries, Inc (Class A)		86,766
	13,166	*	Nautilus, Inc		278,198
	4,014	*	New Home Co Inc		68,118
	111,444		Newell Rubbermaid, Inc		4,823,296
	295,413		Nike, Inc (Class B)		34,037,486
	1,763	*	NVR, Inc		2,626,941
	6,100		Oxford Industries, Inc		511,973
	19,283	*	Performance Sports Group Ltd		316,627
	5,118	*	Perry Ellis International, Inc		123,293
	34,944		Phillips-Van Heusen Corp		4,054,902
	27,891		Polaris Industries, Inc		3,822,740
	18,132		Pool Corp		1,276,855
	156,252		Pulte Homes, Inc		3,237,541
	24,970		Ralph Lauren Corp		3,143,473
	19,255		Ryland Group, Inc		875,525
	12,279	*,e	Sequential Brands Group, Inc		217,707
	18,479	*	Skechers U.S.A., Inc (Class A)		2,780,166
	10,162	*	Skullcandy, Inc		74,284
	22,075	*,e	Smith & Wesson Holding Corp		358,056
	66,176	*	Standard-Pacific Corp		594,922
	23,398	*	Steven Madden Ltd		975,229
	7,676		Sturm Ruger & Co, Inc		460,714
	3,027		Superior Uniform Group, Inc		58,209
	15,358	*	Taylor Morrison Home Corp		295,642
	25,885	*	Tempur-Pedic International, Inc		1,955,612
	74,047	*	Toll Brothers, Inc		2,881,909
	16,121	*	TopBuild Corp		463,640
	67,903	*	TRI Pointe Homes, Inc		1,004,964

120

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	23,112	*	Tumi Holdings, Inc	$	444,906
	21,846	e	Tupperware Corp		1,277,336
	76,504	*	Under Armour, Inc (Class A)		7,599,142
	7,829	*	Unifi, Inc		241,603
	7,354	*	Universal Electronics, Inc		381,231
	11,056	*,e	Vera Bradley, Inc		120,068
	144,015		VF Corp		11,102,116
	7,003	*	Vince Holding Corp		68,699
	26,765	*	Vista Outdoor, Inc		1,262,505
	6,176	*	WCI Communities, Inc		155,882
	2,514		Weyco Group, Inc		72,554
	33,420		Whirlpool Corp		5,939,737
	9,640	*	William Lyon Homes, Inc		230,010
	43,079		Wolverine World Wide, Inc		1,263,076
	12,715	*	Zagg, Inc		98,796
			TOTAL CONSUMER DURABLES & APPAREL		172,954,401
CONSUMER SERVICES - 2.3%
	10,212	*	2U, Inc		327,703
	6,940	*	American Public Education, Inc		179,538
	44,579	*	Apollo Group, Inc (Class A)		571,057
	78,771		ARAMARK Holdings Corp		2,506,493
	5,634	*	Ascent Media Corp (Series A)		219,895
	45,558	*	Belmond Ltd.		551,707
	10,126	*	BJ’s Restaurants, Inc		522,097
	50,801		Bloomin’ Brands, Inc		1,183,155
	9,783		Bob Evans Farms, Inc		488,367
	2,987	*,e	Bojangles’, Inc		74,645
	32,562	*	Boyd Gaming Corp		556,485
	7,860	*	Bravo Brio Restaurant Group, Inc		102,101
	6,509	*	Bridgepoint Education, Inc		61,315
	15,224	*	Bright Horizons Family Solutions		917,094
	26,863		Brinker International, Inc		1,609,094
	7,819	*	Buffalo Wild Wings, Inc		1,529,240
	17,857	*,e	Caesars Acquisition Co		116,249
	26,717	*,e	Caesars Entertainment Corp		139,196
	6,499	*	Cambium Learning Group, Inc		30,545
	4,909		Capella Education Co		252,863
	28,671	*	Career Education Corp		91,174
	184,263		Carnival Corp		9,819,375
	6,526		Carriage Services, Inc		156,820
	14,599	*	Carrols Restaurant Group, Inc		160,881
	19,861		Cheesecake Factory		1,146,774
	32,521	*,e	Chegg, Inc		270,250
	13,224	*	Chipotle Mexican Grill, Inc (Class A)		9,815,250
	14,117		Choice Hotels International, Inc		715,167
	6,490		Churchill Downs, Inc		876,539
	6,557	*,e	Chuy’s Holdings, Inc		186,284
	18,313		ClubCorp Holdings, Inc		427,059
	2,954		Collectors Universe		59,553
	8,576	e	Cracker Barrel Old Country Store, Inc		1,302,609
	54,138		Darden Restaurants, Inc		3,993,219

121

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	12,479	*	Dave & Buster’s Entertainment, Inc	$	484,185
	9,227	*	Del Frisco’s Restaurant Group, Inc		147,171
	42,001	*	Denny’s Corp		493,932
	26,395		DeVry, Inc		801,880
	17,203	*,e	Diamond Resorts International, Inc		539,142
	6,603		DineEquity, Inc		686,778
	23,246		Domino’s Pizza, Inc		2,646,325
	40,819	e	Dunkin Brands Group, Inc		2,199,736
	5,479	*,e	El Pollo Loco Holdings, Inc		102,950
	10,436	*	Eldorado Resorts, Inc		88,184
	6,588	*,e	Empire Resorts, Inc		32,874
	22,229		Extended Stay America, Inc		422,351
	11,085	*	Fiesta Restaurant Group, Inc		644,371
	1,540		Graham Holdings Co		1,061,922
	19,507	*	Grand Canyon Education, Inc		847,189
	117,778		H&R Block, Inc		3,920,830
	4,579	*,e	Habit Restaurants, Inc		136,042
	213,466	*	Hilton Worldwide Holdings, Inc		5,731,562
	89,266	*	Houghton Mifflin Harcourt Co		2,332,521
	16,138	*	Hyatt Hotels Corp		900,985
	38,929	*,e	International Game Technology plc		770,794
	11,231		International Speedway Corp (Class A)		384,886
	16,120		Interval Leisure Group, Inc		343,678
	10,279	*	Intrawest Resorts Holdings Inc		102,482
	9,057	*	Isle of Capri Casinos, Inc		165,200
	15,909		Jack in the Box, Inc		1,511,355
	6,376	*,e	Jamba, Inc		103,865
	15,763	*	K12, Inc		207,914
	3,281	*,e	Kona Grill, Inc		62,470
	26,455	*	Krispy Kreme Doughnuts, Inc		493,121
	37,499	*	La Quinta Holdings, Inc		795,729
	155,051		Las Vegas Sands Corp		8,689,058
	1,654		Liberty Tax, Inc		43,434
	39,580	*,e	LifeLock, Inc		313,474
	8,153		Marcus Corp		170,887
	88,799		Marriott International, Inc (Class A)		6,447,695
	11,656		Marriott Vacations Worldwide Corp		974,442
	406,205		McDonald’s Corp		40,563,631
	186,686	*	MGM Resorts International		3,662,779
	4,064	*	Monarch Casino & Resort, Inc		75,631
	11,090	*	Morgans Hotel Group Co		66,540
	4,850	*,e	Noodles & Co		75,078
	58,512	*	Norwegian Cruise Line Holdings Ltd		3,652,319
	10,958	*	Panera Bread Co (Class A)		2,236,747
	12,134		Papa John’s International, Inc		916,845
	12,716	*,e	Papa Murphy’s Holdings, Inc		245,419
	32,682	*	Penn National Gaming, Inc		623,573
	26,419	*	Pinnacle Entertainment, Inc		1,017,131
	11,300	*	Popeyes Louisiana Kitchen, Inc		685,684
	8,815	*,e	Potbelly Corp		120,237
	6,436	*	Red Robin Gourmet Burgers, Inc		589,859
	17,984	*	Regis Corp		263,106

122

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	72,469		Royal Caribbean Cruises Ltd	$	6,511,340
	25,656	*	Ruby Tuesday, Inc		188,315
	14,638		Ruth’s Chris Steak House, Inc		256,604
	21,569	*,e	Scientific Games Corp (Class A)		325,692
	30,915	e	SeaWorld Entertainment, Inc		536,066
	84,904		Service Corp International		2,590,421
	42,979	*	ServiceMaster Global Holdings, Inc		1,664,577
	2,332	*,e	Shake Shack, Inc		158,693
	29,843		Six Flags Entertainment Corp		1,391,878
	21,460		Sonic Corp		637,791
	25,664		Sotheby’s (Class A)		1,073,525
	4,910		Speedway Motorsports, Inc		102,864
	655,179		Starbucks Corp		37,954,519
	72,671		Starwood Hotels & Resorts Worldwide, Inc		5,774,438
	879	*	Steak N Shake Co		382,198
	5,765	*	Steiner Leisure Ltd		332,640
	4,510	*	Strayer Education, Inc		250,801
	28,365		Texas Roadhouse, Inc (Class A)		1,117,297
	10,044		Universal Technical Institute, Inc		63,980
	15,172		Vail Resorts, Inc		1,664,217
	112,021		Wendy’s		1,149,335
	51,316		Wyndham Worldwide Corp		4,234,596
	41,345		Wynn Resorts Ltd		4,268,044
	181,931		Yum! Brands, Inc		15,966,265
	7,959	*,e	Zoe’s Kitchen, Inc		356,961
			TOTAL CONSUMER SERVICES		230,508,843
DIVERSIFIED FINANCIALS - 4.0%
	23,547	*	Affiliated Managers Group, Inc		4,895,421
	201,513	*	Ally Financial, Inc		4,588,451
	376,759		American Express Co		28,656,290
	77,116		Ameriprise Financial, Inc		9,691,168
	7,917	e	Arlington Asset Investment Corp (Class A)		151,215
	15,413		Artisan Partners Asset Management, Inc		735,971
	494	*	Ashford, Inc		29,457
	477,171		Bank of New York Mellon Corp		20,709,221
	75,043		BGC Partners, Inc (Class A)		739,174
	53,852		BlackRock, Inc		18,111,505
	6,593		Calamos Asset Management, Inc (Class A)		79,182
	232,590		Capital One Financial Corp		18,909,567
	11,259		Cash America International, Inc		312,212
	36,357		CBOE Holdings, Inc		2,253,407
	482,491		Charles Schwab Corp		16,829,286
	2,707	e	CIFC Corp		20,627
	143,374		CME Group, Inc		13,769,639
	10,133		Cohen & Steers, Inc		313,211
	46,375	*	Cowen Group, Inc		262,019
	3,556	*	Credit Acceptance Corp		854,187
	1,202		Diamond Hill Investment Group, Inc		231,373
	188,016		Discover Financial Services		10,493,173
	121,393	*	E*TRADE Financial Corp		3,449,989
	49,178		Eaton Vance Corp		1,886,468

123

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	10,829	*,e	Encore Capital Group, Inc	$	465,755
	10,301	*	Enova International, Inc		186,242
	13,809		Evercore Partners, Inc (Class A)		811,969
	20,397	*	Ezcorp, Inc (Class A)		144,615
	42,134		Federated Investors, Inc (Class B)		1,420,337
	1,942		Fifth Street Asset Management, Inc		17,828
	21,367	e	Financial Engines, Inc		979,891
	11,533	*	First Cash Financial Services, Inc		469,047
	36,692	*	FNFV Group		534,236
	182,323		Franklin Resources, Inc		8,304,813
	12,071		Gain Capital Holdings, Inc		84,256
	2,529		GAMCO Investors, Inc (Class A)		173,641
	188,585		Goldman Sachs Group, Inc		38,673,126
	19,045	*	Green Dot Corp		394,612
	31,492		Greenhill & Co, Inc		1,238,580
	15,606		HFF, Inc (Class A)		715,379
	23,151		Interactive Brokers Group, Inc (Class A)		929,513
	47,388		IntercontinentalExchange Group, Inc		10,806,360
	6,188	*	INTL FCStone, Inc		180,442
	179,583		Invesco Ltd		6,931,904
	14,488		Investment Technology Group, Inc		294,831
	50,000	e	iShares Russell 2000 Index Fund		6,148,000
	63,811		Janus Capital Group, Inc		1,045,224
	5,810	*,e	JG Wentworth Co		47,874
	21,930	*	KCG Holdings, Inc		232,897
	45,221	*,e	Ladenburg Thalmann Financial Services, Inc		137,472
	52,222		Lazard Ltd (Class A)		2,893,621
	42,286		Legg Mason, Inc		2,086,391
	142,081		Leucadia National Corp		3,341,745
	35,525	e	LPL Financial Holdings, Inc		1,675,004
	20,823		MarketAxess Holdings, Inc		2,036,489
	3,292		Marlin Business Services Corp		52,310
	120,456		McGraw-Hill Financial, Inc		12,256,398
	1,266		Medley Management, Inc		11,533
	6,782		Moelis & Co		202,917
	75,216		Moody’s Corp		8,306,103
	659,900		Morgan Stanley		25,630,516
	46,951		MSCI, Inc (Class A)		3,200,180
	47,079		NASDAQ OMX Group, Inc		2,402,441
	168,205		Navient Corp		2,640,818
	9,011		Nelnet, Inc (Class A)		354,943
	10,526	*	NewStar Financial, Inc		121,786
	101,142		Northern Trust Corp		7,736,352
	84,298		NorthStar Asset Management Group, Inc		1,544,339
	9,152		OM Asset Management plc		161,716
	4,811	*,e	On Deck Capital, Inc		64,323
	3,966		Oppenheimer Holdings, Inc		90,028
	22,644	*	PHH Corp		565,194
	9,653	*	Pico Holdings, Inc		119,021
	6,514	*	Piper Jaffray Cos		292,153
	19,984	*,e	PRA Group, Inc		1,269,983
	4,748		Pzena Investment Management, Inc (Class A)		49,379

124

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	51,798		Raymond James Financial, Inc	$	3,056,082
	4,505	*	Regional Management Corp		87,037
	6,469		Resource America, Inc (Class A)		52,270
	8,217	*	Safeguard Scientifics, Inc		150,864
	64,502		Santander Consumer USA Holdings, Inc		1,559,658
	59,238		SEI Investments Co		3,157,978
	184,382		SLM Corp		1,683,408
	25,000	e	SPDR S&P MidCap 400 ETF Trust		6,837,250
	135,601	e	SPDR Trust Series 1		28,544,010
	21,854	*	Springleaf Holdings, Inc		1,103,846
	175,132		State Street Corp		13,408,106
	27,768	*	Stifel Financial Corp		1,525,852
	52,988	*	Synchrony Financial		1,820,668
	121,561		T Rowe Price Group, Inc		9,376,000
	114,583		TD Ameritrade Holding Corp		4,208,634
	13,907	e	Tiptree Financial, Inc		81,912
	7,143	*	Virtu Financial, Inc		167,860
	2,871	e	Virtus Investment Partners, Inc		346,989
	94,375		Voya Financial, Inc		4,430,906
	36,654		Waddell & Reed Financial, Inc (Class A)		1,646,131
	16,330	*,e	Walter Investment Management Corp		355,994
	2,714		Westwood Holdings Group, Inc		163,057
	49,724	e	WisdomTree Investments, Inc		1,238,128
	3,115	*,e	World Acceptance Corp		169,518
	1,229	*	ZAIS Group Holdings, Inc		13,408
			TOTAL DIVERSIFIED FINANCIALS		403,632,306
ENERGY - 6.5%
	45,655	*	Abraxas Petroleum Corp		85,831
	1,000		Adams Resources & Energy, Inc		47,770
	22,186		Alon USA Energy, Inc		412,881
	214,391		Anadarko Petroleum Corp		15,939,971
	29,216	*,e	Antero Resources Corp		803,732
	160,347		Apache Corp		7,353,513
	17,609	*,e	Approach Resources, Inc		68,499
	9,798		Ardmore Shipping Corp		128,746
	31,018	e	Atwood Oceanics, Inc		645,174
	186,692		Baker Hughes, Inc		10,856,140
	19,480	*,e	Basic Energy Services, Inc		117,659
	22,543	*,e	Bill Barrett Corp		128,044
	34,753	*	Bonanza Creek Energy, Inc		271,421
	15,099		Bristow Group, Inc		680,210
	41,747	*,e	C&J Energy Services Ltd		402,859
	187,146		Cabot Oil & Gas Corp		4,895,739
	135,824		California Resources Corp		574,535
	28,847	*	Callon Petroleum Co		188,659
	81,190	*	Cameron International Corp		4,096,847
	8,536	e	CARBO Ceramics, Inc		280,408
	22,487	*	Carrizo Oil & Gas, Inc		857,429
	104,316	*	Cheniere Energy, Inc		7,194,675
	256,139	e	Chesapeake Energy Corp		2,218,164
	818,251		Chevron Corp		72,398,849

125

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	39,558		Cimarex Energy Co	$	4,118,779
	2,756	*,e	Clayton Williams Energy, Inc		111,012
	32,484	*,e	Clean Energy Fuels Corp		187,108
	26,393	*,e	Cloud Peak Energy, Inc		83,930
	154,878	*	Cobalt International Energy, Inc		1,194,109
	132,305		Columbia Pipeline Group, Inc		3,860,660
	51,077	*	Concho Resources, Inc		5,442,765
	530,081		ConocoPhillips		26,684,278
	95,917	e	Consol Energy, Inc		1,584,549
	7,333	*	Contango Oil & Gas Co		67,317
	36,856	*	Continental Resources, Inc		1,231,359
	7,838	e	CVR Energy, Inc		299,647
	24,009		Delek US Holdings, Inc		856,401
	154,846	e	Denbury Resources, Inc		610,093
	173,438	*	Devon Energy Corp		8,571,306
	38,947		DHT Holdings, Inc		309,629
	27,486	e	Diamond Offshore Drilling, Inc		603,318
	29,953	*	Diamondback Energy, Inc		2,015,837
	10,808	*	Dorian LPG Ltd		170,010
	16,208	*	Dril-Quip, Inc		946,709
	736	*	Earthstone Energy, Inc		12,004
	20,091	*,e	Eclipse Resources Corp		77,350
	30,359		Energen Corp		1,675,817
	19,728	*,e	Energy Fuels, Inc		75,558
	103,036		Ensco plc		1,708,337
	232,760		EOG Resources, Inc		17,966,744
	16,378	*,e	EP Energy Corp		137,084
	65,042		EQT Corp		4,998,478
	10,822	*	Era Group, Inc		183,216
	11,869	*,e	Erin Energy Corp		49,019
	8,771		Evolution Petroleum Corp		45,785
	28,470		Exterran Holdings, Inc		705,771
	1,813,499	d	Exxon Mobil Corp		143,647,256
	26,103	*,e	Fairmount Santrol Holdings, Inc		156,096
	97,397	*	FMC Technologies, Inc		3,190,726
	24,789	*	Forum Energy Technologies, Inc		378,776
	42,159		Frank’s International NV		682,554
	31,598	*,e	Frontline Ltd		97,638
	18,454	e	GasLog Ltd		286,406
	38,742	*,e	Gastar Exploration, Inc		65,861
	5,250	*,e	Geospace Technologies Corp		91,560
	37,825	e	Golar LNG Ltd		1,629,123
	15,813		Green Plains Renewable Energy, Inc		355,002
	11,906	e	Gulfmark Offshore, Inc		112,155
	40,712	*	Gulfport Energy Corp		1,333,725
	158,083	*,e	Halcon Resources Corp		173,891
	4,519	e	Hallador Petroleum Co		31,814
	367,060		Halliburton Co		15,339,437
	44,702	*	Helix Energy Solutions Group, Inc		374,156
	39,829	e	Helmerich & Payne, Inc		2,299,726
	107,207		Hess Corp		6,326,285
	83,264		HollyFrontier Corp		4,018,321

126

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	14,266	*,e	Hornbeck Offshore Services, Inc	$	259,641
	9,110	*,e	Independence Contract Drilling, Inc		66,867
	60,903	*	ION Geophysical Corp		48,107
	341	*	Isramco, Inc		46,754
	14,213	*,e	Jones Energy, Inc (Class A)		100,060
	64,602	*	Key Energy Services, Inc		58,794
	760,947		Kinder Morgan, Inc		26,359,204
	129,984	*	Kosmos Energy LLC		935,885
	51,586	*,e	Laredo Petroleum Holdings, Inc		442,092
	283,628		Marathon Oil Corp		5,959,024
	232,723		Marathon Petroleum Corp		12,722,966
	31,972	*	Matador Resources Co		704,343
	10,980	*	Matrix Service Co		212,792
	104,046	*,e	McDermott International, Inc		457,802
	34,743	*	Memorial Resource Development Corp		531,568
	74,481		Murphy Oil Corp		2,442,232
	155,318		Nabors Industries Ltd		1,803,242
	164,282		National Oilwell Varco, Inc		6,921,201
	5,354	*	Natural Gas Services Group, Inc		107,722
	39,611		Navios Maritime Acq Corp		156,860
	69,666	*	Newfield Exploration Co		2,284,348
	38,370	*	Newpark Resources, Inc		277,415
	99,324	e	Noble Corp plc		1,186,922
	180,243		Noble Energy, Inc		6,349,961
	9,719	e	Nordic American Offshore Ltd		69,296
	36,834	e	Nordic American Tanker Shipping		553,247
	41,720	e	North Atlantic Drilling Ltd		39,238
	27,104	*,e	Northern Oil And Gas, Inc		129,015
	68,138	*,e	Oasis Petroleum, Inc		656,169
	325,746		Occidental Petroleum Corp		22,867,369
	42,385		Oceaneering International, Inc		1,696,248
	21,030	*	Oil States International, Inc		633,213
	88,288		Oneok, Inc		3,336,404
	11,889	*,e	Pacific Ethanol, Inc		87,741
	6,895		Panhandle Oil and Gas, Inc (Class A)		122,869
	6,870	*	Par Petroleum Corp		123,729
	56,086	*	Parker Drilling Co		142,458
	35,250	*	Parsley Energy, Inc		509,715
	61,210		Patterson-UTI Energy, Inc		1,009,047
	35,933		PBF Energy, Inc		1,134,405
	16,899	*	PDC Energy, Inc		793,408
	5,035	*	PHI, Inc		139,621
	229,982		Phillips 66		18,283,569
	29,074	*	Pioneer Energy Services Corp		106,411
	63,023		Pioneer Natural Resources Co		7,989,426
	74,105		Questar Market Resources, Inc		1,028,577
	71,191		Range Resources Corp		2,800,654
	18,598	*	Renewable Energy Group, Inc		189,700
	3,235	*,e	Rex American Resources Corp		167,055
	22,629	*,e	Rex Energy Corp		50,689
	30,797	*,e	Rice Energy, Inc		555,886

127

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,993	*,e	RigNet, Inc	$	155,398
	11,266	*	Ring Energy, Inc		92,043
	58,956		Rowan Cos plc		1,015,812
	25,649	e	RPC, Inc		315,483
	22,969	*	RSP Permian, Inc		569,631
	22,553	*,e	Sanchez Energy Corp		165,313
	541,009		Schlumberger Ltd		44,806,365
	75,986		Scorpio Tankers, Inc		816,090
	7,758	*	SEACOR Holdings, Inc		490,073
	214,671	e	Seadrill Ltd		1,912,719
	19,215		SemGroup Corp		1,365,994
	79,429	*,e	Seventy Seven Energy, Inc		247,818
	29,283	e	Ship Finance International Ltd		489,905
	161,878	*	Southwestern Energy Co		3,010,931
	282,167		Spectra Energy Corp		8,538,373
	31,052		St. Mary Land & Exploration Co		1,151,098
	24,572	*	Stone Energy Corp		142,272
	63,455		Superior Energy Services		1,078,735
	95,646	*	Synergy Resources Corp		930,636
	23,245		Targa Resources Investments, Inc		2,056,020
	19,569		Teekay Corp		700,766
	35,235		Teekay Tankers Ltd (Class A)		252,635
	16,145		Tesco Corp		154,992
	53,811		Tesoro Corp		5,237,963
	35,635	*	Tetra Technologies, Inc		169,623
	20,373	e	Tidewater, Inc		397,885
	9,385	*,e	TransAtlantic Petroleum Ltd		30,783
	23,996	*,e	Triangle Petroleum Corp		89,025
	76,534	*,e	Ultra Petroleum Corp		595,435
	20,690	*	Unit Corp		408,214
	39,185	*,e	Uranium Energy Corp		52,508
	23,072	e	US Silica Holdings Inc		519,581
	222,700		Valero Energy Corp		14,609,120
	18,049	e	W&T Offshore, Inc		68,045
	353,050	*	Weatherford International Ltd		3,770,574
	29,912		Western Refining, Inc		1,320,914
	9,255	*,e	Westmoreland Coal Co		144,285
	87,031	*	Whiting Petroleum Corp		1,783,265
	323,104		Williams Cos, Inc		16,956,498
	30,959		World Fuel Services Corp		1,258,483
	95,913	*	WPX Energy, Inc		834,443
			TOTAL ENERGY		652,178,949
FOOD & STAPLES RETAILING - 2.1%
	11,700		Andersons, Inc		436,410
	16,330		Casey’s General Stores, Inc		1,669,171
	9,311	*,e	Chefs’ Warehouse Holdings, Inc		160,149
	185,579		Costco Wholesale Corp		26,964,629
	478,138		CVS Corp		53,776,181
	12,595	*,e	Fairway Group Holdings Corp		37,785
	18,168	*,e	Fresh Market, Inc		554,124
	5,387		Ingles Markets, Inc (Class A)		249,310

128

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	416,136		Kroger Co	$	16,329,177
	5,067	*,e	Natural Grocers by Vitamin C		135,492
	8,315	e	Pricesmart, Inc		805,807
	433,964	*	Rite Aid Corp		3,866,619
	9,346	*	Smart & Final Stores, Inc		162,620
	17,874		Spartan Stores, Inc		575,722
	64,183	*	Sprouts Farmers Market, Inc		1,573,767
	109,376	*	Supervalu, Inc		1,008,447
	248,181		Sysco Corp		9,011,452
	20,912	*	United Natural Foods, Inc		952,123
	2,593		Village Super Market (Class A)		74,367
	370,100		Walgreens Boots Alliance, Inc		35,762,763
	686,118		Wal-Mart Stores, Inc		49,386,773
	4,144		Weis Markets, Inc		174,753
	152,261		Whole Foods Market, Inc		5,542,300
			TOTAL FOOD & STAPLES RETAILING		209,209,941
FOOD, BEVERAGE & TOBACCO - 4.6%
	1,581		Alico, Inc		70,861
	850,548		Altria Group, Inc		46,252,800
	3,021	*	Arcadia Biosciences, Inc		12,809
	263,968		Archer Daniels Midland Co		12,517,363
	23,889		B&G Foods, Inc (Class A)		705,442
	3,908	*,e	Boston Beer Co, Inc (Class A)		861,792
	23,969	*,e	Boulder Brands, Inc		199,662
	11,062	e	Brown-Forman Corp		1,321,798
	54,198		Brown-Forman Corp (Class B)		5,875,605
	67,838		Bunge Ltd		5,416,864
	7,234		Calavo Growers, Inc		394,325
	13,113	e	Cal-Maine Foods, Inc		710,200
	72,416		Campbell Soup Co		3,570,833
	28,161	*	Castle Brands, Inc		33,230
	2,067		Coca-Cola Bottling Co Consolidated		334,854
	1,689,918		Coca-Cola Co		69,421,832
	100,466		Coca-Cola Enterprises, Inc		5,131,803
	179,388		ConAgra Foods, Inc		7,903,835
	69,509		Constellation Brands, Inc (Class A)		8,342,470
	3,993	*	Craft Brewers Alliance, Inc		41,248
	69,883	*	Darling International, Inc		897,997
	38,596		Dean Foods Co		687,009
	10,973	*	Diamond Foods, Inc		354,538
	80,141		Dr Pepper Snapple Group, Inc		6,428,911
	3,496	*	Farmer Bros Co		82,715
	72,547		Flowers Foods, Inc		1,571,368
	19,743		Fresh Del Monte Produce, Inc		780,243
	8,938	*,e	Freshpet, Inc		147,656
	251,101		General Mills, Inc		14,616,589
	43,152	*	Hain Celestial Group, Inc		2,933,473
	61,108		Hershey Co		5,676,322
	56,129		Hormel Foods Corp		3,323,398
	29,916		Ingredion, Inc		2,638,591
	5,854	*	Inventure Foods, Inc		57,545

129

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	7,300		J&J Snack Foods Corp	$	864,028
	49,880		J.M. Smucker Co		5,571,097
	3,701		John B. Sanfilippo & Son, Inc		192,415
	103,892		Kellogg Co		6,874,534
	54,987		Keurig Green Mountain, Inc		4,126,225
	254,834		Kraft Heinz Co		20,251,658
	13,106		Lancaster Colony Corp		1,221,610
	20,510		Lance, Inc		666,985
	10,815	*	Landec Corp		144,380
	1,889	*	Lifeway Foods, Inc		27,806
	4,909	e	Limoneira Co		101,076
	53,223		McCormick & Co, Inc		4,364,818
	84,948		Mead Johnson Nutrition Co		7,508,554
	4,362		Mgp Ingredients, Inc		64,427
	57,471		Molson Coors Brewing Co (Class B)		4,088,487
	697,887		Mondelez International, Inc		31,495,640
	65,463	*	Monster Beverage Corp		10,051,844
	4,631	*	National Beverage Corp		110,079
	8,734	*	Omega Protein Corp		124,198
	641,338		PepsiCo, Inc		61,792,916
	662,112		Philip Morris International, Inc		56,630,439
	28,735	e	Pilgrim’s Pride Corp		621,825
	48,654		Pinnacle Foods, Inc		2,186,997
	23,162	*	Post Holdings, Inc		1,244,726
	176,988		Reynolds American, Inc		15,183,801
	9,235	e	Sanderson Farms, Inc		665,012
	127	*	Seaboard Corp		441,325
	3,366	*	Seneca Foods Corp		98,254
	9,335	*,e	Synutra International, Inc		60,398
	8,007	e	Tootsie Roll Industries, Inc		259,987
	17,956	*	TreeHouse Foods, Inc		1,471,674
	127,081		Tyson Foods, Inc (Class A)		5,636,042
	9,195	e	Universal Corp		524,575
	42,891	e	Vector Group Ltd		1,086,000
	73,799	*	WhiteWave Foods Co (Class A)		3,809,504
			TOTAL FOOD, BEVERAGE & TOBACCO		458,879,317
HEALTH CARE EQUIPMENT & SERVICES - 5.3%
	3,292	*,e	AAC Holdings, Inc		125,129
	9,364		Abaxis, Inc		468,762
	631,661		Abbott Laboratories		32,018,896
	17,634	*	Abiomed, Inc		1,365,930
	21,795	*	Acadia Healthcare Co, Inc		1,738,805
	33,412	*,e	Accuray, Inc		213,169
	12,270		Aceto Corp		287,486
	3,135	*	Addus HomeCare Corp		85,084
	2,603	*,e	Adeptus Health, Inc		286,044
	148,728		Aetna Inc		16,801,802
	16,272	*	Air Methods Corp		640,954
	33,754	*	Align Technology, Inc		2,116,376
	2,068	*	Alliance HealthCare Services, Inc		30,937
	75,719	*	Allscripts Healthcare Solutions, Inc		1,094,897

130

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,624	*	Almost Family, Inc	$	158,586
	11,794	*	Amedisys, Inc		514,572
	101,345		AmerisourceBergen Corp		10,717,234
	19,860	*	AMN Healthcare Services, Inc		584,480
	20,148	*	Amsurg Corp		1,445,418
	5,026		Analogic Corp		404,844
	10,989	*	Angiodynamics, Inc		170,329
	5,745	*	Anika Therapeutics, Inc		217,735
	67,061	*,e	Antares Pharma, Inc		141,499
	113,637		Anthem, Inc		17,530,780
	16,427	*,e	athenahealth, Inc		2,299,123
	12,235	*	AtriCure, Inc		340,011
	618		Atrion Corp		249,610
	32,040		Bard (C.R.), Inc		6,300,666
	231,299		Baxter International, Inc		9,270,464
	87,648		Becton Dickinson & Co		13,335,643
	10,042	*	Bio-Reference Labs, Inc		445,564
	29,228	*,e	BioScrip, Inc		73,362
	11,531	*	BioTelemetry, Inc		141,024
	619,227	*	Boston Scientific Corp		10,737,396
	77,316	*	Brookdale Senior Living, Inc		2,561,479
	14,197		Cantel Medical Corp		779,131
	12,254	*	Capital Senior Living Corp		273,142
	140,831		Cardinal Health, Inc		11,967,818
	13,355	*	Cardiovascular Systems, Inc		398,513
	14,031	*,e	Castlight Health, Inc		100,743
	50,032	*	Centene Corp		3,508,744
	129,715	*	Cerner Corp		9,303,160
	41,094	*,e	Cerus Corp		223,140
	7,648	e	Chemed Corp		1,135,422
	109,121		Cigna Corp		15,719,971
	4,822	*	Civitas Solutions, Inc		108,447
	50,157	*	Community Health Systems, Inc		2,934,686
	4,462	e	Computer Programs & Systems, Inc		208,688
	11,474		Conmed Corp		650,805
	2,706	*,e	Connecture, Inc		25,518
	25,076		Cooper Cos, Inc		4,438,452
	10,994	*,e	Corindus Vascular Robotics, Inc		39,908
	4,880	*	Corvel Corp		155,965
	13,339	*	Cross Country Healthcare, Inc		161,002
	12,510		CryoLife, Inc		136,984
	6,000	*	Cutera, Inc		91,080
	10,693	*	Cyberonics, Inc		656,550
	9,493	*	Cynosure, Inc (Class A)		368,328
	73,738	*	DaVita, Inc		5,827,514
	57,908		Dentsply International, Inc		3,295,544
	33,505	*	DexCom, Inc		2,836,198
	15,274	*,e	Diplomat Pharmacy, Inc		705,353
	45,195	*	Edwards Lifesciences Corp		6,876,871
	28,698	*	Endologix, Inc		409,233
	10,478		Ensign Group, Inc		535,635
	2,354	*	Entellus Medical, Inc		52,965

131

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	77,488	*	Envision Healthcare Holdings, Inc	$	3,471,462
	3,811	*	Exactech, Inc		76,144
	17,896	*	ExamWorks Group, Inc		627,792
	320,793	*	Express Scripts Holding Co		28,893,826
	17,289	*	Five Star Quality Care, Inc		78,146
	16,025	*	Genesis Health Care, Inc		97,913
	19,474	*,e	GenMark Diagnostics, Inc		165,529
	32,391	*	Globus Medical, Inc		908,891
	10,451	*	Greatbatch, Inc		569,893
	21,191	*	Haemonetics Corp		847,852
	20,575	*,e	Halyard Health, Inc		838,225
	16,631	*,e	Hanger Orthopedic Group, Inc		359,895
	143,750	*	HCA Holdings, Inc		13,370,187
	32,018	*	Health Net, Inc		2,140,723
	15,167	*	HealthEquity, Inc		510,521
	39,569		Healthsouth Corp		1,808,303
	10,518	*	HealthStream, Inc		295,135
	12,854	*	Healthways, Inc		162,732
	8,118	*,e	HeartWare International, Inc		736,384
	36,284	*	Henry Schein, Inc		5,369,306
	23,565		Hill-Rom Holdings, Inc		1,320,347
	36,714	*	HMS Holdings Corp		422,945
	103,287	*	Hologic, Inc		4,302,936
	67,663		Humana, Inc		12,320,756
	6,479	*	ICU Medical, Inc		647,382
	40,550	*	Idexx Laboratories, Inc		2,949,201
	4,024	*	Imprivata, Inc		61,165
	54,999	*	IMS Health Holdings, Inc		1,823,217
	6,736	*	Inogen Inc		299,483
	10,588	*,e	Inovalon Holdings, Inc		255,806
	23,860	*	Insulet Corp		808,615
	11,957	*	Integra LifeSciences Holdings Corp		766,802
	15,461	*	Intuitive Surgical, Inc		8,243,341
	13,425		Invacare Corp		228,896
	35,827	*	Inverness Medical Innovations, Inc		1,741,550
	11,172	*,e	InVivo Therapeutics Holdings Corp		162,553
	7,088	*	IPC The Hospitalist Co, Inc		393,030
	1,187	*,e	iRadimed Corp		29,438
	7,484	*	K2M Group Holdings, Inc		171,234
	36,267		Kindred Healthcare, Inc		748,188
	47,275	*	Laboratory Corp of America Holdings		6,017,635
	3,821		Landauer, Inc		135,569
	9,914	*	LDR Holding Corp		450,690
	4,833		LeMaitre Vascular, Inc		68,822
	5,627	*	LHC Group, Inc		226,712
	18,242	*	LifePoint Hospitals, Inc		1,511,532
	12,424	*	Magellan Health Services, Inc		752,770
	20,112	*	Masimo Corp		838,268
	97,598		McKesson Corp		21,527,191
	24,575	*	MedAssets, Inc		572,598
	23,205	*	Medidata Solutions, Inc		1,248,429
	620,323		Medtronic plc		48,627,120

132

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	29,315	*	Merge Healthcare, Inc	$	160,939
	17,521		Meridian Bioscience, Inc		316,955
	18,617	*	Merit Medical Systems, Inc		475,851
	15,348	*	Molina Healthcare, Inc		1,157,700
	4,200		National Healthcare Corp		265,440
	3,676	e	National Research Corp		54,405
	13,759	*	Natus Medical, Inc		621,356
	16,383	*	Neogen Corp		953,327
	6,395	*	Nevro Corp		324,674
	12,957	*	Nobilis Health Corp		76,317
	20,656	*	NuVasive, Inc		1,136,287
	26,704	*	NxStage Medical, Inc		381,333
	40,916		Omnicare, Inc		3,962,715
	14,598	*	Omnicell, Inc		533,119
	23,565	*	OraSure Technologies, Inc		116,411
	7,923	*	Orthofix International NV		264,311
	42,182	e	Owens & Minor, Inc		1,483,119
	8,842	*,e	Oxford Immunotec Global plc		117,156
	34,998		Patterson Cos, Inc		1,755,500
	40,195	*	Pediatrix Medical Group, Inc		3,402,105
	12,509	*	PharMerica Corp		427,433
	17,796	*	Premier, Inc		636,385
	4,133	*	Press Ganey Holdings, Inc		129,404
	5,733	*	Providence Service Corp		269,795
	23,815		Quality Systems, Inc		303,641
	61,330		Quest Diagnostics, Inc		4,526,767
	11,443	*,e	Quidel Corp		236,985
	14,581	*	RadNet, Inc		97,547
	59,175	e	Resmed, Inc		3,429,191
	21,277	*,e	Rockwell Medical Technologies, Inc		293,623
	22,692	*	RTI Biologics, Inc		165,198
	3,985	*	SeaSpine Holdings Corp		62,485
	4,961	*,e	Second Sight Medical Products, Inc		70,000
	42,766		Select Medical Holdings Corp		617,113
	2,850	*	Sientra, Inc		66,263
	31,571	*	Sirona Dental Systems, Inc		3,276,438
	18,075	*,e	Spectranetics Corp		309,083
	118,108		St. Jude Medical, Inc		8,718,733
	14,817	*,e	Staar Surgical Co		129,945
	24,460		STERIS Corp		1,690,920
	144,482		Stryker Corp		14,776,174
	8,814	*	Surgical Care Affiliates, Inc		335,108
	5,430	*	SurModics, Inc		127,551
	7,897	*,e	Tandem Diabetes Care, Inc		99,107
	29,921	*	Team Health Holdings, Inc		2,016,975
	17,118	e	Teleflex, Inc		2,293,641
	46,902	*	Tenet Healthcare Corp		2,640,583
	22,510	*	Thoratec Corp		1,424,658
	15,239	*	Tornier BV		379,299
	15,929	*	TransEnterix, Inc		52,088
	10,733	*	Triple-S Management Corp (Class B)		231,618
	6,895	*,e	Trupanion, Inc		53,229

133

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	50,550	*,e	Unilife Corp	$	88,968
	414,797		UnitedHealth Group, Inc		50,356,356
	19,646	*	Universal American Corp		182,118
	38,448		Universal Health Services, Inc (Class B)		5,583,803
	4,931		US Physical Therapy, Inc		260,653
	1,453		Utah Medical Products, Inc		79,436
	43,146	*	Varian Medical Systems, Inc		3,713,576
	6,979	*	Vascular Solutions, Inc		259,828
	35,160	*	VCA Antech, Inc		2,163,395
	30,002	*,e	Veeva Systems, Inc		807,654
	2,579	*,e	Veracyte, Inc		29,916
	10,460	*	Vocera Communications, Inc		129,704
	18,382	*	WellCare Health Plans, Inc		1,485,266
	29,883		West Pharmaceutical Services, Inc		1,789,095
	35,802	*	Wright Medical Group, Inc		925,124
	13,608	*,e	Zeltiq Aesthetics, Inc		467,435
	70,942		Zimmer Holdings, Inc		7,382,934
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		532,993,941
HOUSEHOLD & PERSONAL PRODUCTS - 1.6%
	181,669	e	Avon Products, Inc		1,030,063
	17,698	*	Central Garden and Pet Co (Class A)		178,396
	55,332		Church & Dwight Co, Inc		4,776,812
	54,286		Clorox Co		6,076,775
	384,040		Colgate-Palmolive Co		26,122,401
	34,643		Coty, Inc		926,007
	25,524		Edgewell Personal Care Co		2,442,902
	10,401	*,e	Elizabeth Arden, Inc		109,627
	25,524	*	Energizer Holdings, Inc		982,929
	89,336		Estee Lauder Cos (Class A)		7,960,731
	31,228	*,e	Herbalife Ltd		1,576,702
	32,919	*	HRG Group, Inc		469,096
	6,703		Inter Parfums, Inc		203,704
	163,126		Kimberly-Clark Corp		18,754,596
	5,231	*	Medifast, Inc		161,481
	3,371	e	Natural Health Trends Corp		102,141
	3,786		Nature’s Sunshine Products, Inc		47,439
	25,040		Nu Skin Enterprises, Inc (Class A)		992,836
	3,287	*	Nutraceutical International Corp		79,447
	1,470		Oil-Dri Corp of America		38,602
	3,493		Orchids Paper Products Co		88,163
	1,170,644		Procter & Gamble Co		89,788,395
	4,757	*	Revlon, Inc (Class A)		171,109
	10,354		Spectrum Brands, Inc		1,097,006
	2,534	*,e	USANA Health Sciences, Inc		315,863
	6,944		WD-40 Co		622,391
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		165,115,614
INSURANCE - 4.2%
	138,378		ACE Ltd		15,051,375
	190,960		Aflac, Inc		12,230,988
	7,226	*	Alleghany Corp		3,512,775

134

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	39,203		Allied World Assurance Co Holdings Ltd	$	1,656,719
	173,416		Allstate Corp		11,957,033
	20,374	*	AMBAC Financial Group, Inc		326,799
	33,415		American Equity Investment Life Holding Co		987,079
	30,314		American Financial Group, Inc		2,090,150
	564,294		American International Group, Inc		36,182,531
	2,872		American National Insurance Co		307,160
	7,166		Amerisafe, Inc		358,658
	19,956	e	Amtrust Financial Services, Inc		1,387,142
	118,047		Aon plc		11,895,596
	53,365	*	Arch Capital Group Ltd		3,808,126
	11,484		Argo Group International Holdings Ltd		647,468
	73,257		Arthur J. Gallagher & Co		3,474,580
	25,295		Aspen Insurance Holdings Ltd		1,216,437
	29,376		Assurant, Inc		2,191,450
	65,960		Assured Guaranty Ltd		1,613,382
	4,444	*,e	Atlas Financial Holdings, Inc		82,036
	42,929		Axis Capital Holdings Ltd		2,470,993
	3,677		Baldwin & Lyons, Inc (Class B)		85,748
	797,631	*	Berkshire Hathaway, Inc (Class B)		113,853,849
	63,194		Brown & Brown, Inc		2,113,839
	96,985		Chubb Corp		12,058,145
	72,745		Cincinnati Financial Corp		4,016,251
	23,451	*,e	Citizens, Inc (Class A)		158,763
	10,018		CNA Financial Corp		396,913
	84,431		Conseco, Inc		1,506,249
	11,500		Crawford & Co (Class B)		79,580
	3,405		Donegal Group, Inc (Class A)		50,632
	2,877		EMC Insurance Group, Inc		69,393
	12,555		Employers Holdings, Inc		301,320
	17,691		Endurance Specialty Holdings Ltd		1,229,348
	3,656	*	Enstar Group Ltd		584,923
	13,128		Erie Indemnity Co (Class A)		1,133,078
	18,372		Everest Re Group Ltd		3,364,281
	8,759		FBL Financial Group, Inc (Class A)		499,351
	5,754		Federated National Holding Co		135,737
	5,606		Fidelity & Guaranty Life		145,924
	43,516		First American Financial Corp		1,765,879
	117,261		FNF Group		4,583,733
	211,511	*	Genworth Financial, Inc (Class A)		1,482,692
	12,261	*	Greenlight Capital Re Ltd (Class A)		341,101
	5,627	*	Hallmark Financial Services		60,096
	17,950		Hanover Insurance Group, Inc		1,451,258
	178,284		Hartford Financial Services Group, Inc		8,477,404
	41,261		HCC Insurance Holdings, Inc		3,183,699
	3,640	e	HCI Group, Inc		163,363
	9,642	*	Heritage Insurance Holdings, Inc		238,350
	15,137		Horace Mann Educators Corp		533,428
	3,159		Independence Holding Co		41,320
	4,392		Infinity Property & Casualty Corp		340,424
	3,484		James River Group Holdings Ltd		95,636
	1,519		Kansas City Life Insurance Co		71,530

135

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	19,560		Kemper Corp	$	757,363
	106,700		Lincoln National Corp		6,009,344
	128,147		Loews Corp		4,883,682
	19,565		Maiden Holdings Ltd		323,605
	6,114	*	Markel Corp		5,439,932
	228,762		Marsh & McLennan Cos, Inc		13,254,470
	69,319	*	MBIA, Inc		412,448
	13,468		Mercury General Corp		760,269
	412,156		Metlife, Inc		22,973,575
	17,905		Montpelier Re Holdings Ltd		763,648
	14,334		National General Holdings Corp		328,105
	1,981		National Interstate Corp		50,040
	1,147		National Western Life Insurance Co (Class A)		276,416
	4,225	*	Navigators Group, Inc		330,311
	114,477		Old Republic International Corp		1,915,200
	7,800		OneBeacon Insurance Group Ltd (Class A)		113,100
	20,827		PartnerRe Ltd		2,831,639
	3,585	*	Patriot National, Inc		66,681
	39,075		Primerica, Inc		1,767,362
	121,208		Principal Financial Group		6,728,256
	26,693		ProAssurance Corp		1,289,005
	279,086		Progressive Corp		8,512,123
	189,717		Prudential Financial, Inc		16,763,394
	28,164		Reinsurance Group of America, Inc (Class A)		2,718,389
	20,478		RenaissanceRe Holdings Ltd		2,197,289
	20,139		RLI Corp		1,112,277
	5,324		Safety Insurance Group, Inc		308,739
	28,054		Selective Insurance Group, Inc		864,344
	17,340		Stancorp Financial Group, Inc		1,977,107
	6,046		State Auto Financial Corp		146,313
	11,853		State National Cos, Inc		128,724
	8,992		Stewart Information Services Corp		369,751
	32,198		Symetra Financial Corp		806,238
	34,592	*	Third Point Reinsurance Ltd		514,037
	67,451		Torchmark Corp		4,155,656
	144,466		Travelers Cos, Inc		15,330,732
	3,342	*	United America Indemnity Ltd		92,406
	7,816		United Fire & Casualty Co		270,121
	6,793		United Insurance Holdings Corp		109,096
	12,750		Universal Insurance Holdings, Inc		349,605
	104,808		UnumProvident Corp		3,756,319
	36,138		Validus Holdings Ltd		1,674,996
	40,861		W.R. Berkley Corp		2,276,775
	2,450		White Mountains Insurance Group Ltd		1,729,700
	152,250		XL Capital Ltd		5,788,545
			TOTAL INSURANCE		421,288,841
MATERIALS - 3.2%
	13,493		A. Schulman, Inc		502,344
	1,694	*	AEP Industries, Inc		81,905
	89,787		Air Products & Chemicals, Inc		12,795,545
	29,618		Airgas, Inc		3,021,628

136

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	48,120		Albemarle Corp	$	2,608,104
	552,822		Alcoa, Inc		5,456,353
	45,524		Allegheny Technologies, Inc		970,572
	11,715	e	American Vanguard Corp		150,186
	26,457		Aptargroup, Inc		1,793,520
	29,282		Ashland, Inc		3,347,518
	39,151		Avery Dennison Corp		2,382,338
	60,074	*	Axalta Coating Systems Ltd		1,910,954
	30,459		Axiall Corp		896,408
	13,001		Balchem Corp		736,767
	59,343		Ball Corp		4,025,829
	40,024		Bemis Co, Inc		1,783,870
	49,689	*	Berry Plastics Group, Inc		1,617,874
	16,383	*	Boise Cascade Co		543,588
	8,509		Brush Engineered Materials, Inc		260,375
	25,977		Cabot Corp		913,871
	21,261		Calgon Carbon Corp		376,107
	21,158		Carpenter Technology Corp		794,271
	64,214		Celanese Corp (Series A)		4,232,987
	21,260	*	Century Aluminum Co		198,143
	104,188		CF Industries Holdings, Inc		6,167,930
	2,772		Chase Corp		105,974
	95,430		Chemours Co		1,042,096
	29,409	*	Chemtura		806,689
	8,163	*	Clearwater Paper Corp		480,393
	30,545	e	Cliffs Natural Resources, Inc		76,973
	58,836	*,e	Coeur Mining, Inc		207,691
	46,809		Commercial Metals Co		721,327
	13,610		Compass Minerals International, Inc		1,088,800
	3,136	*	Core Molding Technologies, Inc		59,835
	60,020	*	Crown Holdings, Inc		3,091,630
	29,575		Cytec Industries, Inc		2,195,352
	4,672		Deltic Timber Corp		303,213
	28,645		Domtar Corp		1,164,706
	492,560		Dow Chemical Co		23,179,874
	383,958		Du Pont (E.I.) de Nemours & Co		21,409,498
	20,782		Eagle Materials, Inc		1,603,123
	62,324		Eastman Chemical Co		4,886,202
	112,395		Ecolab, Inc		13,016,465
	33,069	*	Ferro Corp		459,328
	22,515	*,e	Flotek Industries, Inc		385,457
	55,500		FMC Corp		2,693,970
	438,971		Freeport-McMoRan Copper & Gold, Inc (Class B)		5,157,909
	9,761		FutureFuel Corp		111,666
	17,645		Glatfelter		360,134
	26,519		Globe Specialty Metals, Inc		409,453
	136,939		Graphic Packaging Holding Co		2,067,779
	13,180		Greif, Inc (Class A)		408,448
	20,360		H.B. Fuller Co		815,622
	4,200		Hawkins, Inc		153,216
	5,132		Haynes International, Inc		218,469
	33,400	*	Headwaters, Inc		634,934

137

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	202,584	e	Hecla Mining Co	$	425,426
	23,802	*,e	Horsehead Holding Corp		197,081
	85,061		Huntsman Corp		1,616,159
	10,340		Innophos Holdings, Inc		532,303
	11,836		Innospec, Inc		511,907
	33,412		International Flavors & Fragrances, Inc		3,862,093
	179,190		International Paper Co		8,577,825
	27,550	*,e	Intrepid Potash, Inc		235,277
	7,211		Kaiser Aluminum Corp		608,969
	36,287		Kapstone Paper and Packaging Corp		849,116
	3,950		KMG Chemicals, Inc		86,229
	9,009		Koppers Holdings, Inc		182,883
	13,123	*	Kraton Polymers LLC		269,284
	8,381		Kronos Worldwide, Inc		82,469
	58,913	*	Louisiana-Pacific Corp		868,378
	8,100	*	LSB Industries, Inc		298,971
	169,184		LyondellBasell Industries AF S.C.A		15,874,535
	28,226		Martin Marietta Materials, Inc		4,426,401
	14,460		Minerals Technologies, Inc		936,285
	202,088		Monsanto Co		20,590,746
	146,247		Mosaic Co		6,279,846
	10,894		Myers Industries, Inc		164,826
	6,713		Neenah Paper, Inc		406,674
	3,613		NewMarket Corp		1,436,926
	221,306		Newmont Mining Corp		3,799,824
	136,441		Nucor Corp		6,022,506
	32,025	e	Olin Corp		736,255
	3,926		Olympic Steel, Inc		47,583
	13,725		OM Group, Inc		465,003
	23,656	*	Omnova Solutions, Inc		153,054
	67,194	*	Owens-Illinois, Inc		1,434,592
	40,702		Packaging Corp of America		2,881,295
	51,116	*	Platform Specialty Products Corp		1,189,469
	37,351		PolyOne Corp		1,280,019
	115,880		PPG Industries, Inc		12,559,074
	120,401		Praxair, Inc		13,742,570
	6,369		Quaker Chemical Corp		590,406
	16,877	e	Rayonier Advanced Materials, Inc		237,122
	10,053	*,e	Real Industry, Inc		114,705
	32,379		Reliance Steel & Aluminum Co		1,962,167
	100,354	*	Rentech, Inc		76,400
	27,763		Royal Gold, Inc		1,399,810
	55,028		RPM International, Inc		2,579,162
	6,509	*,e	Ryerson Holding Corp		44,066
	10,782		Schnitzer Steel Industries, Inc (Class A)		169,385
	12,498		Schweitzer-Mauduit International, Inc		496,171
	18,348		Scotts Miracle-Gro Co (Class A)		1,108,036
	88,242		Sealed Air Corp		4,691,827
	17,740	*,e	Senomyx, Inc		110,165
	19,703		Sensient Technologies Corp		1,347,488
	34,550		Sherwin-Williams Co		9,596,608
	51,431		Sigma-Aldrich Corp		7,180,282

138

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	18,128		Silgan Holdings, Inc	$	969,304
	41,681		Sonoco Products Co		1,720,592
	49,772	e	Southern Copper Corp (NY)		1,386,648
	104,331		Steel Dynamics, Inc		2,089,750
	7,818		Stepan Co		383,160
	49,644	*	Stillwater Mining Co		472,611
	10,706	*	Summit Materials, Inc		268,614
	27,754		SunCoke Energy, Inc		341,097
	69,716		Tahoe Resources, Inc		566,791
	16,249	e	TimkenSteel Corp		302,719
	8,634	*	Trecora Resources		120,531
	10,895		Tredegar Corp		183,690
	5,883	*,e	Trinseo S.A.		143,310
	28,930		Tronox Ltd		317,651
	790		United States Lime & Minerals, Inc		42,660
	60,938	e	United States Steel Corp		1,186,463
	6,182	*	US Concrete, Inc		261,684
	7,765	e	Valhi, Inc		34,554
	33,782		Valspar Corp		2,813,365
	55,595		Vulcan Materials Co		5,060,257
	21,822		Wausau Paper Corp		192,906
	17,472		Westlake Chemical Corp		1,091,476
	120,380	*	WestRock Co		7,591,163
	1,004	*	WHX Corp		29,718
	20,425	*	Worthington Industries, Inc		552,701
	30,356	*	WR Grace & Co		3,063,831
			TOTAL MATERIALS		323,408,112
MEDIA - 3.4%
	10,427		AMC Entertainment Holdings, Inc		336,271
	24,842	*	AMC Networks, Inc		2,092,193
	1,540	*	Cable One, Inc		639,439
	90,534		Cablevision Systems Corp (Class A)		2,554,869
	10,271	*	Carmike Cinemas, Inc		257,289
	208,717		CBS Corp (Class B)		11,160,098
	31,564	*,e	Central European Media Enterprises Ltd (Class A) (NASDAQ)		75,754
	32,026	*,e	Charter Communications, Inc		5,952,352
	48,238		Cinemark Holdings, Inc		1,903,471
	16,417		Clear Channel Outdoor Holdings, Inc (Class A)		158,588
	902,309		Comcast Corp (Class A)		56,313,105
	172,610		Comcast Corp (Special Class A)		10,760,507
	12,729	*,e	Crown Media Holdings, Inc (Class A)		56,899
	61,904	*,e	Cumulus Media, Inc (Class A)		102,142
	444	*,e	Daily Journal Corp		90,931
	82,681	*,e	Discovery Communications, Inc (Class A)		2,730,127
	115,348	*	Discovery Communications, Inc (Class C)		3,495,044
	91,368	*	DISH Network Corp (Class A)		5,903,286
	31,787	*,e	DreamWorks Animation SKG, Inc (Class A)		766,385
	10,087	*	Entercom Communications Corp (Class A)		106,216
	27,822		Entravision Communications Corp (Class A)		213,395
	13,291	*	Eros International plc		475,552
	24,722		EW Scripps Co (Class A)		543,142

139

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	47,342	*	Gannett Co, Inc	$	598,876
	19,954	*,e	Global Eagle Entertainment, Inc		247,829
	26,249	*	Gray Television, Inc		443,346
	19,411		Harte-Hanks, Inc		91,038
	4,651	*,e	Hemisphere Media Group, Inc		64,416
	25,300	*,e	Imax Corp		946,473
	176,027		Interpublic Group of Cos, Inc		3,749,375
	18,939		John Wiley & Sons, Inc (Class A)		1,003,956
	9,810		Journal Media Group, Inc		79,363
	11,045	*	Liberty Broadband Corp (Class A)		596,099
	28,680	*	Liberty Broadband Corp (Class C)		1,535,240
	50,440	*	Liberty Media Corp		1,906,632
	94,093	*	Liberty Media Corp (Class C)		3,547,306
	39,776	e	Lions Gate Entertainment Corp		1,558,424
	60,990	*	Live Nation, Inc		1,599,158
	6,029	*	Loral Space & Communications, Inc		381,937
	25,466	*	Madison Square Garden, Inc		2,123,864
	11,381	*	Martha Stewart Living Omnimedia, Inc (Class A)		69,083
	18,296	e	MDC Partners, Inc		322,558
	40,298	*,e	Media General, Inc		639,529
	14,647		Meredith Corp		701,884
	9,420		Morningstar, Inc		802,490
	24,739		National CineMedia, Inc		383,454
	19,118		New Media Investment Group, Inc		325,197
	56,460		New York Times Co (Class A)		746,401
	167,147	*	News Corp		2,462,075
	50,043	*	News Corp (Class B)		714,114
	13,013		Nexstar Broadcasting Group, Inc (Class A)		746,426
	104,502		Omnicom Group, Inc		7,637,006
	7,081	*	Reading International, Inc		83,414
	37,796	e	Regal Entertainment Group (Class A)		778,598
	5,338	*,e	Rentrak Corp		365,493
	1,443		Saga Communications, Inc		58,441
	11,055		Scholastic Corp		476,360
	39,425	e	Scripps Networks Interactive (Class A)		2,467,217
	23,531	*,e	SFX Entertainment, Inc		74,829
	27,529	e	Sinclair Broadcast Group, Inc (Class A)		798,892
	983,623	*	Sirius XM Holdings, Inc		3,895,147
	9,582	*	Sizmek, Inc		74,356
	37,294	*	Starz-Liberty Capital		1,508,542
	94,684		TEGNA, Inc		2,758,145
	142,731		Thomson Corp		5,773,469
	122,084		Time Warner Cable, Inc		23,197,181
	361,414		Time Warner, Inc		31,818,889
	44,686		Time, Inc		997,392
	3,579	*	Townsquare Media, Inc		46,527
	33,656		Tribune Co		1,699,291
	10,216	e	Tribune Publishing Co		152,116
	533,831		Twenty-First Century Fox, Inc		18,411,831
	211,342		Twenty-First Century Fox, Inc (Class B)		7,084,184
	4,132		Viacom, Inc		236,144
	157,958		Viacom, Inc (Class B)		9,003,606

140

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	736,248		Walt Disney Co	$	88,349,760
	14,116	e	World Wrestling Entertainment, Inc (Class A)		276,250
			TOTAL MEDIA		343,096,678
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 10.0%
	756,396		AbbVie, Inc		52,955,284
	4,145	*,e	Abeona Therapeutics, Inc		26,735
	33,656	*	Acadia Pharmaceuticals, Inc		1,642,749
	10,530	*,e	Accelerate Diagnostics, Inc		293,576
	9,085	*	Acceleron Pharma, Inc		260,194
	49,789	*,e	Achillion Pharmaceuticals, Inc		424,202
	18,623	*	Acorda Therapeutics, Inc		639,886
	4,341	*,e	Adamas Pharmaceuticals, Inc		107,483
	3,477	*	Aduro Biotech, Inc		91,167
	12,956	*,e	Advaxis, Inc		215,847
	11,471	*,e	Aegerion Pharmaceuticals, Inc		219,440
	8,917	*,e	Aerie Pharmaceuticals, Inc		161,754
	6,488	*,e	Affimed NV		106,468
	31,402	*,e	Affymetrix, Inc		344,166
	32,182	*	Agenus, Inc		274,834
	4,678	*	Agile Therapeutics, Inc		42,710
	138,924		Agilent Technologies, Inc		5,688,938
	10,892	*,e	Agios Pharmaceuticals, Inc		1,200,081
	10,386	*	Akebia Therapeutics, Inc		97,628
	33,101	*	Akorn, Inc		1,526,287
	9,821	*,e	Albany Molecular Research, Inc		207,616
	8,664	*	Alder Biopharmaceuticals, Inc		402,183
	96,703	*	Alexion Pharmaceuticals, Inc		19,093,040
	13,899	*,e	Alimera Sciences, Inc		66,993
	62,749	*	Alkermes plc		4,393,685
	170,774	*	Allergan plc		56,551,810
	31,314	*	Alnylam Pharmaceuticals, Inc		3,990,343
	12,943	*	AMAG Pharmaceuticals, Inc		827,058
	331,139		Amgen, Inc		58,475,836
	41,033	*	Amicus Therapeutics, Inc		705,357
	13,086	*	Amphastar Pharmaceuticals, Inc		212,778
	17,291	*	Anacor Pharmaceuticals, Inc		2,579,644
	3,304	*,e	ANI Pharmaceuticals, Inc		234,683
	15,152	*	Anthera Pharmaceuticals, Inc		165,308
	3,706	*,e	Applied Genetic Technologies Corp		68,413
	12,806	*	Aratana Therapeutics, Inc		225,642
	5,107	*	Ardelyx, Inc		100,710
	101,870	*,e	Arena Pharmaceuticals, Inc		411,555
	70,529	*,e	Ariad Pharmaceuticals, Inc		575,517
	59,501	*,e	Array Biopharma, Inc		345,701
	26,110	*,e	Arrowhead Research Corp		161,360
	6,395	*	Assembly Biosciences, Inc		95,925
	4,375	*,e	Asterias Biotherapeutics, Inc		21,525
	6,134	*	Atara Biotherapeutics, Inc		344,363
	2,585	*,e	aTyr Pharma, Inc		48,469
	8,212	*	Avalanche Biotechnologies, Inc		120,881
	231,299	*	Baxalta, Inc		7,593,546

141

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,426	*,e	Bellicum Pharmaceuticals, Inc	$	69,719
	30,549	*,e	BioCryst Pharmaceuticals, Inc		472,899
	20,345	*,e	BioDelivery Sciences International, Inc		165,812
	102,607	*	Biogen Idec, Inc		32,709,059
	67,683	*	BioMarin Pharmaceuticals, Inc		9,899,992
	9,377	*	Bio-Rad Laboratories, Inc (Class A)		1,413,489
	1,907	*	Biospecifics Technologies Corp		131,049
	19,911		Bio-Techne Corp		2,177,865
	21,816	*,e	BioTime, Inc		68,939
	13,896	*	Bluebird Bio, Inc		2,304,374
	3,980	*	Blueprint Medicines Corp		107,540
	724,209		Bristol-Myers Squibb Co		47,537,079
	86,066	*	Bruker BioSciences Corp		1,811,689
	4,845	*,e	Calithera Biosciences, Inc		35,853
	13,063	*	Cambrex Corp		643,353
	7,224	*	Cara Therapeutics Inc		153,943
	5,452	*	Carbylan Therapeutics, Inc		37,673
	34,941	*	Catalent, Inc		1,190,789
	32,705	*	Catalyst Pharmaceuticals, Inc		161,563
	346,002	*	Celgene Corp		45,412,762
	41,458	*,e	Celldex Therapeutics, Inc		976,336
	4,292	*	Cellular Biomedicine Group, Inc		119,961
	13,501	*	Cempra, Inc		565,152
	30,223	*	Cepheid, Inc		1,680,097
	20,437	*	Charles River Laboratories International, Inc		1,586,320
	11,750	*,e	ChemoCentryx, Inc		96,820
	17,489	*	Chimerix, Inc		939,859
	2,186	*	Cidara Therapeutics, Inc		30,560
	10,509	*	Clovis Oncology, Inc		887,275
	10,013	*	Coherus Biosciences, Inc		351,256
	2,753	*,e	Collegium Pharmaceutical, Inc		55,143
	6,440	*,e	Concert Pharmaceuticals Inc		105,552
	26,242	*,e	Corcept Therapeutics, Inc		132,260
	3,978	*,e	Corium International, Inc		58,317
	13,199	*,e	CorMedix, Inc		46,197
	67,794	*,e	CTI BioPharma Corp		125,419
	47,198	*	Curis, Inc		148,202
	14,477	*,e	Cytokinetics, Inc		92,508
	28,094	*	CytRx Corp		76,416
	26,397	*,e	Depomed, Inc		831,506
	5,549	*	Dermira, Inc		125,296
	6,445	*	Dicerna Pharmaceuticals Inc		78,758
	47,996	*	Durect Corp		112,791
	61,821	*	Dyax Corp		1,521,415
	12,415	*	Dynavax Technologies Corp		365,125
	3,666	*,e	Eagle Pharmaceuticals, Inc		354,209
	427,898		Eli Lilly & Co		36,161,660
	12,346	*	Emergent Biosolutions, Inc		405,319
	6,742	*,e	Enanta Pharmaceuticals, Inc		341,482
	82,424	*	Endo International plc		7,215,397
	16,078	*,e	Endocyte, Inc		82,962
	12,314	*,e	Epizyme, Inc		274,725

142

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,562	*,e	Esperion Thereapeutics, Inc	$	344,844
	37,437	*,e	Exact Sciences Corp		901,109
	86,290	*,e	Exelixis, Inc		494,442
	10,710	*,e	Fibrocell Science, Inc		69,829
	20,219	*,e	FibroGen, Inc		470,092
	9,155	*	Five Prime Therapeutics, Inc		215,326
	2,340	*,e	Flex Pharma, Inc		36,481
	6,079	*	Flexion Therapeutics Inc		142,249
	12,333	*,e	Fluidigm Corp		247,030
	9,530	*	Foamix Pharmaceuticals Ltd		101,399
	5,638	*,e	Foundation Medicine, Inc		114,423
	77,129	*,e	Galena Biopharma, Inc		126,492
	7,981	*,e	Genocea Biosciences Inc		103,753
	7,321	*,e	Genomic Health, Inc		198,253
	66,307	*,e	Geron Corp		268,543
	638,298		Gilead Sciences, Inc		75,229,802
	44,654	*,e	Halozyme Therapeutics, Inc		1,042,224
	13,205	*	Harvard Bioscience, Inc		64,572
	10,865	*,e	Heron Therapeutics, Inc		351,374
	2,379	*	Heska Corp		80,291
	72,704	*	Hospira, Inc		6,503,373
	35,999	*,e	Idera Pharmaceuticals, Inc		128,876
	17,729	*,e	IGI Laboratories, Inc		156,015
	7,904	*	Ignyta, Inc		109,549
	60,873	*	Illumina, Inc		13,349,449
	4,828	*,e	Immune Design Corp		93,470
	37,297	*,e	Immunogen, Inc		672,092
	40,184	*,e	Immunomedics, Inc		82,377
	30,046	*	Impax Laboratories, Inc		1,456,029
	17,464	*	INC Research Holdings, Inc		873,724
	66,031	*	Incyte Corp		6,885,713
	20,634	*	Infinity Pharmaceuticals, Inc		180,341
	30,381	*,e	Inovio Pharmaceuticals, Inc		221,478
	25,615	*	Insmed, Inc		694,167
	9,791	*,e	Insys Therapeutics, Inc		439,812
	6,723	*,e	Intercept Pharmaceuticals, Inc		1,773,595
	5,893	*	Intersect ENT, Inc		174,845
	9,312	*	Intra-Cellular Therapies, Inc		270,979
	19,377	*,e	Intrexon Corp		1,264,349
	3,218	*,e	Invitae Corp		32,148
	52,675	*	Ironwood Pharmaceuticals, Inc		550,454
	51,001	*,e	Isis Pharmaceuticals, Inc		2,801,485
	25,805	*	Jazz Pharmaceuticals plc		4,960,753
	1,201,386		Johnson & Johnson		120,390,891
	4,959	*,e	Juno Therapeutics, Inc		242,594
	9,896	*,e	Karyopharm Therapeutics, Inc		203,066
	43,549	*,e	Keryx Biopharmaceuticals, Inc		347,521
	12,125	*,e	Kite Pharma, Inc		882,336
	10,896	*,e	KYTHERA Biopharmaceuticals, Inc		811,970
	4,930	*,e	La Jolla Pharmaceutical Co		149,872
	11,088	*,e	Lannett Co, Inc		660,845
	17,445	*,e	Lexicon Pharmaceuticals, Inc		147,236

143

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	7,679	*,e	Ligand Pharmaceuticals, Inc (Class B)	$	831,329
	19,238	*,e	Lion Biotechnologies, Inc		164,677
	3,463	*	Loxo Oncology, Inc		70,126
	16,996	*	Luminex Corp		292,841
	11,882	*	MacroGenics, Inc		446,763
	49,453	*	Mallinckrodt plc		6,130,194
	103,758	*,e	MannKind Corp		445,122
	7,447	*,e	Medgenics, Inc		60,172
	27,816	*	Medicines Co		873,144
	33,234	*	Medivation, Inc		3,500,537
	1,227,433		Merck & Co, Inc		72,369,450
	46,587	*,e	Merrimack Pharmaceuticals, Inc		470,529
	13,525	*	Mettler-Toledo International, Inc		4,566,040
	47,130	*,e	MiMedx Group, Inc		505,705
	4,258	*	Mirati Therapeutics, Inc		121,821
	25,582	*	Momenta Pharmaceuticals, Inc		556,153
	177,472	*,e	Mylan NV		9,936,657
	30,206	*,e	Myriad Genetics, Inc		1,030,629
	5,740	*	NanoString Technologies, Inc		87,879
	65,883	*,e	Navidea Biopharmceuticals, Inc		113,319
	56,385	*,e	Nektar Therapeutics		711,015
	22,451	*,e	NeoGenomics, Inc		137,176
	35,957	*	Neurocrine Biosciences, Inc		1,802,165
	8,803	*,e	NewLink Genetics Corp		459,076
	20,474	*,e	Northwest Biotherapeutics, Inc		233,813
	112,998	*	Novavax, Inc		1,362,756
	15,479	*,e	Ocata Therapeutics, Inc		69,501
	5,561	*	Ocular Therapeutix, Inc		128,404
	15,786	*,e	Omeros Corp		254,155
	7,049	*	OncoMed Pharmaceuticals, Inc		160,999
	43,248	*	Oncothyreon, Inc		157,423
	10,032	*	Ophthotech Corp		679,066
	98,908	*,e	Opko Health, Inc		1,619,124
	45,573	*,e	Orexigen Therapeutics, Inc		182,292
	34,487	*,e	Organovo Holdings, Inc		116,566
	7,783	*,e	Osiris Therapeutics, Inc		166,011
	6,292	*,e	Otonomy, Inc		162,145
	9,996	*,e	OvaScience, Inc		284,886
	25,430	*,e	Pacific Biosciences of California, Inc		144,697
	15,370	*,e	Pacira Pharmaceuticals, Inc		1,020,875
	5,045		Paratek Pharmaceuticals, Inc		126,932
	22,988	*	Parexel International Corp		1,585,252
	72,802	e	PDL BioPharma, Inc		423,708
	80,669	*,e	Peregrine Pharmaceuticals, Inc		99,223
	46,959	*	PerkinElmer, Inc		2,485,070
	18,619	*	Pernix Therapeutics Holdings, Inc		92,723
	66,818		Perrigo Co plc		12,842,420
	6,895	*	Pfenex, Inc		146,105
	2,670,899		Pfizer, Inc		96,312,618
	7,545		Phibro Animal Health Corp		296,368
	19,460	*	Portola Pharmaceuticals, Inc		962,102
	11,983	e	Pozen, Inc		139,003

144

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	8,196	*	PRA Health Sciences, Inc	$	344,150
	22,326	*	Prestige Brands Holdings, Inc		1,063,164
	30,473	*,e	Progenics Pharmaceuticals, Inc		263,896
	3,338	*,e	Proteon Therapeutics, Inc		57,681
	13,284	*,e	Prothena Corp plc		876,346
	14,333	*	PTC Therapeutics, Inc		733,993
	10,504	*,e	Puma Biotechnology, Inc		951,662
	96,248	*	Qiagen NV (NASDAQ)		2,693,019
	32,524	*	Quintiles Transnational Holdings, Inc		2,495,241
	12,363	*,e	Radius Health, Inc		968,270
	34,147	*,e	Raptor Pharmaceutical Corp		486,253
	13,362	*	Receptos, Inc		3,044,665
	34,745	*	Regeneron Pharmaceuticals, Inc		19,236,917
	12,074	*,e	Regulus Therapeutics, Inc		99,007
	13,895	*	Relypsa, Inc		460,063
	13,740	*	Repligen Corp		481,037
	14,929	*	Retrophin, Inc		473,846
	6,736	*,e	Revance Therapeutics, Inc		209,018
	37,550	*	Rigel Pharmaceuticals, Inc		111,899
	5,780	*	Sage Therapeutics, Inc		395,121
	9,193	*	Sagent Pharmaceuticals		225,964
	29,213	*,e	Sangamo Biosciences, Inc		267,299
	17,509	*,e	Sarepta Therapeutics, Inc		558,887
	22,166	*	Sciclone Pharmaceuticals, Inc		201,932
	40,603	*,e	Seattle Genetics, Inc		1,943,666
	50,200	*,e	Sequenom, Inc		141,564
	12,170	*,e	Sorrento Therapeutics, Inc		252,893
	3,379	*,e	Spark Therapeutics, Inc		207,606
	27,773	*,e	Spectrum Pharmaceuticals, Inc		192,050
	6,776	*	Stemline Therapeutics, Inc		72,706
	10,521	*,e	Sucampo Pharmaceuticals, Inc (Class A)		229,253
	15,948	*	Supernus Pharmaceuticals, Inc		338,257
	42,666	*,e	Synergy Pharmaceuticals, Inc		389,114
	37,547	*,e	Synta Pharmaceuticals Corp		79,600
	3,929	*	T2 Biosystems, Inc		56,617
	9,838	*	TESARO, Inc		570,604
	15,324	*	Tetraphase Pharmaceuticals, Inc		728,656
	15,204	*,e	TG Therapeutics, Inc		265,310
	54,157	*,e	TherapeuticsMD, Inc		421,883
	10,937	*,e	Theravance Biopharma, Inc		137,150
	35,790	e	Theravance, Inc		548,303
	175,447		Thermo Electron Corp		24,480,120
	26,974	*,e	Threshold Pharmaceuticals, Inc		116,528
	678	*,e	Tobira Therapeutics, Inc		9,736
	4,104	*,e	Tokai Pharmaceuticals, Inc		53,516
	11,075	*,e	Trevena, Inc		64,457
	10,647	*	Trovagene, Inc		83,898
	15,177	*	Ultragenyx Pharmaceutical, Inc		1,835,355
	19,726	*	United Therapeutics Corp		3,340,795
	17,036	*,e	Vanda Pharmaceuticals, Inc		208,521
	13,570	*,e	Verastem, Inc		99,061
	9,623	*,e	Versartis, Inc		174,176

145

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	102,916	*	Vertex Pharmaceuticals, Inc	$	13,893,660
	5,688	*,e	Vitae Pharmaceuticals, Inc		57,506
	7,258	*,e	Vital Therapies, Inc		117,725
	44,171	*,e	Vivus, Inc		66,698
	10,941	*	VWR Corp		293,109
	34,533	*	Waters Corp		4,609,810
	1,673	*,e	XBiotech, Inc		31,201
	11,932	*	Xencor Inc		267,157
	24,937	*	Xenoport, Inc		182,040
	7,115	*,e	XOMA Corp		5,198
	6,984	*,e	Zafgen, Inc		265,182
	48,286	*,e	ZIOPHARM Oncology, Inc		645,101
	211,900		Zoetis Inc		10,378,862
	8,034	*,e	Zogenix, Inc		155,137
	7,699	*	ZS Pharma, Inc		459,861
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		1,008,008,766
REAL ESTATE - 4.0%
	27,624		Acadia Realty Trust		883,416
	11,101		AG Mortgage Investment Trust		202,038
	6,410		Agree Realty Corp		198,646
	20,362		Alexander & Baldwin, Inc		768,665
	1,548		Alexander’s, Inc		627,668
	29,256		Alexandria Real Estate Equities, Inc		2,712,324
	501	*	Altisource Asset Management Corp		66,418
	5,825	*	Altisource Portfolio Solutions S.A.		190,244
	27,660		Altisource Residential Corp		455,284
	19,801		American Assets Trust,Inc		824,118
	44,669		American Campus Communities, Inc		1,667,047
	161,567		American Capital Agency Corp		3,111,780
	22,418		American Capital Mortgage, Inc		361,827
	81,776		American Homes 4 Rent		1,353,393
	20,663		American Residential Properties, Inc		382,265
	187,142		American Tower Corp		17,799,076
	416,555		Annaly Capital Management, Inc		4,144,722
	50,785		Anworth Mortgage Asset Corp		253,925
	62,218		Apartment Investment & Management Co (Class A)		2,431,479
	22,915		Apollo Commercial Real Estate Finance, Inc		386,805
	76,600		Apple Hospitality REIT, Inc		1,389,524
	12,867		Ares Commercial Real Estate Corp		160,194
	13,249		Armada Hoffler Properties, Inc		135,802
	150,262	*	ARMOUR Residential REIT, Inc		426,744
	11,429		Ashford Hospitality Prime, Inc		166,406
	34,223		Ashford Hospitality Trust, Inc		299,109
	23,904		Associated Estates Realty Corp		687,240
	5,479	*	AV Homes, Inc		80,925
	57,230		AvalonBay Communities, Inc		9,863,018
	82,733		BioMed Realty Trust, Inc		1,782,069
	8,243		Bluerock Residential Growth REIT, Inc		105,510
	66,497		Boston Properties, Inc		8,197,750
	86,690		Brandywine Realty Trust		1,193,721
	70,304		Brixmor Property Group, Inc		1,720,339

146

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	35,146		Camden Property Trust	$	2,798,676
	37,170		Campus Crest Communities, Inc		211,869
	53,268		Capstead Mortgage Corp		589,677
	13,212		CareTrust REIT, Inc		171,492
	15,941		CatchMark Timber Trust Inc		170,250
	77,914		CBL & Associates Properties, Inc		1,273,115
	143,751	*	CBRE Group, Inc		5,458,225
	34,982		Cedar Shopping Centers, Inc		234,379
	124,129		Chambers Street Properties		921,037
	16,749		Chatham Lodging Trust		452,558
	24,623		Chesapeake Lodging Trust		789,660
	86,265		Chimera Investment Corp		1,227,551
	45,974		Colony Financial, Inc		1,044,529
	59,519		Columbia Property Trust, Inc		1,437,979
	51,186		Communications Sales & Leasing, Inc		1,067,228
	1,845	e	Consolidated-Tomoka Land Co		106,881
	16,777		CorEnergy Infrastructure Trust, Inc		104,353
	10,080		Coresite Realty		506,016
	44,313		Corporate Office Properties Trust		1,024,960
	56,670		Corrections Corp of America		1,993,084
	90,162		Cousins Properties, Inc		935,882
	139,688		Crown Castle International Corp		11,441,844
	68,444		CubeSmart		1,790,495
	21,953		CyrusOne, Inc		674,835
	80,916		CYS Investments, Inc		627,908
	42,903		DCT Industrial Trust, Inc		1,491,308
	139,741		DDR Corp		2,277,778
	81,627		DiamondRock Hospitality Co		1,029,316
	55,543		Digital Realty Trust, Inc		3,569,749
	58,620		Douglas Emmett, Inc		1,718,152
	141,486		Duke Realty Corp		2,853,773
	26,219		DuPont Fabros Technology, Inc		790,503
	21,154		Dynex Capital, Inc		155,905
	4,434		Easterly Government Properties, Inc		70,057
	16,629		EastGroup Properties, Inc		1,001,066
	19,438		Education Realty Trust, Inc		615,018
	48,939		Empire State Realty Trust, Inc		870,135
	23,334		Entertainment Properties Trust		1,332,838
	23,959		Equinix, Inc		6,682,405
	69,850	*	Equity Commonwealth		1,830,070
	33,963		Equity Lifestyle Properties, Inc		1,965,778
	26,833		Equity One, Inc		688,803
	163,757		Equity Residential		12,250,661
	27,030		Essex Property Trust, Inc		6,079,317
	26,593		Excel Trust, Inc		421,233
	47,892		Extra Space Storage, Inc		3,521,020
	29,222		Federal Realty Investment Trust		3,997,277
	64,539		FelCor Lodging Trust, Inc		604,085
	44,243		First Industrial Realty Trust, Inc		926,448
	24,226		First Potomac Realty Trust		274,965
	90,979	*	Forest City Enterprises, Inc (Class A)		2,124,360
	16,040	*,e	Forestar Real Estate Group, Inc		205,312

147

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	36,242		Franklin Street Properties Corp	$	426,568
	2,632	*	FRP Holdings, Inc		77,670
	43,045		Gaming and Leisure Properties, Inc		1,409,724
	258,090		General Growth Properties, Inc		7,004,563
	30,818		Geo Group, Inc		1,163,379
	11,101		Getty Realty Corp		184,499
	17,812		Gladstone Commercial Corp		285,348
	71,939		Government Properties Income Trust		1,242,387
	22,853		Gramercy Property Trust, Inc		558,984
	1,205		Great Ajax Corp		16,918
	13,725		Hannon Armstrong Sustainable Infrastructure Capital, Inc		275,461
	39,591		Hatteras Financial Corp		643,750
	190,315		HCP, Inc		7,353,772
	146,224		Health Care REIT, Inc		10,143,559
	40,337		Healthcare Realty Trust, Inc		969,701
	56,087		Healthcare Trust of America, Inc		1,409,466
	20,220		Hersha Hospitality Trust		548,366
	36,946		Highwoods Properties, Inc		1,563,924
	23,133		Home Properties, Inc		1,704,902
	61,066		Hospitality Properties Trust		1,674,430
	322,127		Host Marriott Corp		6,242,821
	16,609	*	Howard Hughes Corp		2,258,160
	30,801		Hudson Pacific Properties		948,055
	10,188		Independence Realty Trust, Inc		83,236
	34,121		Inland Real Estate Corp		335,068
	53,272		Invesco Mortgage Capital, Inc		767,650
	44,489		Investors Real Estate Trust		320,766
	115,191		Iron Mountain, Inc		3,461,490
	42,332	*	iStar Financial, Inc		554,549
	23,817		Jones Lang LaSalle, Inc		4,240,379
	38,952	e	Kennedy-Wilson Holdings, Inc		986,265
	36,268		Kilroy Realty Corp		2,569,588
	168,262		Kimco Realty Corp		4,157,754
	34,550		Kite Realty Group Trust		912,120
	33,648		Lamar Advertising Co		2,020,562
	45,653		LaSalle Hotel Properties		1,518,875
	83,456		Lexington Realty Trust		717,722
	60,813		Liberty Property Trust		2,069,466
	14,173		LTC Properties, Inc		621,770
	67,289		Macerich Co		5,326,597
	45,234		Mack-Cali Realty Corp		942,677
	5,671	*	Marcus & Millichap, Inc		290,582
	84,405		Medical Properties Trust, Inc		1,153,816
	176,434		MFA Mortgage Investments, Inc		1,328,548
	31,176		Mid-America Apartment Communities, Inc		2,504,680
	23,526		Monmouth Real Estate Investment Corp (Class A)		235,731
	69,668		Monogram Residential Trust, Inc		650,699
	15,029		National Health Investors, Inc		980,642
	60,270		National Retail Properties, Inc		2,240,236
	10,000		National Storage Affiliates Trust		118,300
	84,486		New Residential Investment Corp		1,325,585
	28,420		New Senior Investment Group, Inc		367,755

148

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	47,943		New York Mortgage Trust, Inc	$	358,614
	33,407	*	New York REIT, Inc		346,097
	8,034		NexPoint Residential Trust, Inc		104,201
	145,840		NorthStar Realty Finance Corp		2,333,440
	74,876		Omega Healthcare Investors, Inc		2,715,004
	4,657		One Liberty Properties, Inc		105,248
	6,980		Orchid Island Capital, Inc		60,168
	56,038		Outfront Media, Inc		1,408,235
	72,334		Paramount Group, Inc		1,292,609
	34,833		Parkway Properties, Inc		624,904
	29,966		Pebblebrook Hotel Trust		1,219,616
	34,599		Pennsylvania REIT		758,410
	36,240		Pennymac Mortgage Investment Trust		643,622
	30,630		Physicians Realty Trust		491,305
	72,058		Piedmont Office Realty Trust, Inc		1,312,176
	75,813		Plum Creek Timber Co, Inc		3,108,333
	21,589		Post Properties, Inc		1,229,278
	22,192		Potlatch Corp		776,942
	10,617		Preferred Apartment Communities, Inc		120,291
	219,366		Prologis, Inc		8,908,453
	10,048		PS Business Parks, Inc		773,596
	66,231		Public Storage, Inc		13,589,277
	10,137		QTS Realty Trust, Inc		420,686
	49,089		RAIT Investment Trust		257,226
	31,883		Ramco-Gershenson Properties		540,098
	59,632		Rayonier, Inc		1,466,947
	4,574		Re/Max Holdings, Inc		172,989
	73,153	*	Realogy Holdings Corp		3,329,925
	96,493		Realty Income Corp		4,659,647
	33,082		Redwood Trust, Inc		512,771
	37,687		Regency Centers Corp		2,410,837
	51,511		Resource Capital Corp		184,409
	44,773		Retail Opportunities Investment Corp		767,857
	96,240		Retail Properties of America, Inc		1,401,254
	23,268		Rexford Industrial Realty, Inc		339,015
	53,310		RLJ Lodging Trust		1,590,237
	14,383		Rouse Properties, Inc		253,141
	17,386		Ryman Hospitality Properties		994,131
	25,906		Sabra Healthcare REIT, Inc		708,529
	7,154		Saul Centers, Inc		371,150
	23,268		Select Income REIT		466,989
	90,920		Senior Housing Properties Trust		1,570,188
	14,813		Silver Bay Realty Trust Corp		240,119
	137,733		Simon Property Group, Inc		25,786,372
	44,147		SL Green Realty Corp		5,083,086
	13,860		Sovran Self Storage, Inc		1,319,611
	183,274		Spirit Realty Capital, Inc		1,860,231
	26,905	*,e	St. Joe Co		437,206
	26,705		STAG Industrial, Inc		524,486
	98,608		Starwood Property Trust, Inc		2,145,710
	15,963		Starwood Waypoint Residential Trust		390,774
	12,005		STORE Capital Corp		252,105

149

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	114,321	*	Strategic Hotels & Resorts, Inc	$	1,562,768
	42,107		Summit Hotel Properties, Inc		573,918
	19,286		Sun Communities, Inc		1,340,570
	86,296		Sunstone Hotel Investors, Inc		1,214,185
	46,688		Tanger Factory Outlet Centers, Inc		1,516,426
	28,242		Taubman Centers, Inc		2,112,502
	5,639	*	Tejon Ranch Co		139,960
	18,932		Terreno Realty Corp		397,004
	19,382		Trade Street Residential, Inc		135,868
	145,259		Two Harbors Investment Corp		1,484,547
	106,510		UDR, Inc		3,601,103
	9,682		UMH Properties, Inc		92,947
	13,251		United Development Funding IV		240,373
	4,970		Universal Health Realty Income Trust		243,381
	38,734		Urban Edge Properties		831,619
	11,670		Urstadt Biddle Properties, Inc (Class A)		222,897
	154,524		Ventas, Inc		10,367,015
	301,539	*	VEREIT, Inc		2,641,482
	78,359		Vornado Realty Trust		7,643,920
	26,822		Washington REIT		719,902
	49,812		Weingarten Realty Investors		1,752,386
	17,334		Western Asset Mortgage Capital Corp		240,423
	215,850		Weyerhaeuser Co		6,624,437
	9,142		Whitestone REIT		118,206
	42,989		WP Carey, Inc		2,630,497
	73,891		WP GLIMCHER, Inc		1,000,484
	45,645		Xenia Hotels & Resorts, Inc		946,221
			TOTAL REAL ESTATE		405,473,407
RETAILING - 4.9%
	10,432	*	1-800-FLOWERS.COM, Inc (Class A)		103,798
	26,967		Aaron’s, Inc		997,240
	29,830	e	Abercrombie & Fitch Co (Class A)		599,285
	30,676		Advance Auto Parts, Inc		5,344,066
	165,484	*	Amazon.com, Inc		88,724,246
	82,186		American Eagle Outfitters, Inc		1,458,801
	3,476	*	America’s Car-Mart, Inc		160,800
	19,052	*	Ann Taylor Stores Corp		871,629
	12,502	*	Asbury Automotive Group, Inc		1,103,927
	57,950	*	Ascena Retail Group, Inc		725,534
	30,042	*	Autonation, Inc		1,872,818
	13,327	*	AutoZone, Inc		9,341,427
	21,334	*	Barnes & Noble, Inc		560,871
	13,146		Bebe Stores, Inc		24,189
	73,268	*	Bed Bath & Beyond, Inc		4,779,272
	127,094		Best Buy Co, Inc		4,103,865
	7,055		Big 5 Sporting Goods Corp		77,676
	23,343	e	Big Lots, Inc		1,007,951
	5,139	*	Blue Nile, Inc		163,009
	13,210	*	Boot Barn Holdings, Inc		417,436
	12,554	e	Buckle, Inc		555,263
	7,177	*	Build-A-Bear Workshop, Inc		125,239

150

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	41,466	*	Burlington Stores, Inc	$	2,282,289
	20,900	*,e	Cabela’s, Inc		928,587
	20,175		Caleres, Inc		666,582
	89,229	*	Carmax, Inc		5,756,163
	10,463		Cato Corp (Class A)		401,884
	60,996		Chico’s FAS, Inc		928,359
	8,856		Children’s Place Retail Stores, Inc		512,762
	14,714	*	Christopher & Banks Corp		47,526
	6,249	*	Citi Trends, Inc		148,789
	11,872	*,e	Conn’s, Inc		409,821
	8,181	*,e	Container Store Group, Inc		148,731
	9,586		Core-Mark Holding Co, Inc		609,382
	31,930		CST Brands, Inc		1,209,508
	14,776	*	Destination XL Group, Inc		72,255
	38,461		Dick’s Sporting Goods, Inc		1,960,742
	10,450		Dillard’s, Inc (Class A)		1,064,646
	129,145		Dollar General Corp		10,379,384
	97,110	*	Dollar Tree, Inc		7,577,493
	32,017		DSW, Inc (Class A)		1,041,193
	8,439	*	Etsy, Inc		175,869
	22,220	*	EVINE Live, Inc		48,662
	42,126		Expedia, Inc		5,115,781
	37,171	*	Express Parent LLC		707,736
	5,627	*	Fenix Parts, Inc		51,431
	20,843		Finish Line, Inc (Class A)		572,974
	22,871	*,e	Five Below, Inc		843,254
	62,079		Foot Locker, Inc		4,379,673
	19,633	*	Francesca’s Holdings Corp		238,737
	15,555		Fred’s, Inc (Class A)		280,612
	7,507	*	FTD Cos, Inc		218,679
	45,571	e	GameStop Corp (Class A)		2,089,430
	101,898		Gap, Inc		3,717,239
	9,647	*	Genesco, Inc		624,064
	65,123		Genuine Parts Co		5,792,691
	36,262		GNC Holdings, Inc		1,784,453
	9,596		Group 1 Automotive, Inc		930,524
	209,053	*,e	Groupon, Inc		1,007,635
	24,348	e	Guess?, Inc		532,978
	7,966		Haverty Furniture Cos, Inc		176,686
	10,580	*,e	Hibbett Sports, Inc		481,919
	565,887		Home Depot, Inc		66,225,756
	13,393		HSN, Inc		984,519
	128,924	*,e	JC Penney Co, Inc		1,062,334
	7,029		Kirkland’s, Inc		191,751
	86,453		Kohl’s Corp		5,301,298
	111,463		L Brands, Inc		8,997,293
	6,813	*,e	Lands’ End, Inc		160,651
	198,486	*	Liberty Interactive Corp		5,766,018
	31,587	*	Liberty TripAdvisor Holdings, Inc		925,183
	59,660	*	Liberty Ventures		2,474,697
	9,392		Lithia Motors, Inc (Class A)		1,124,128
	126,516	*	LKQ Corp		3,980,193

151

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	412,754		Lowe’s Companies, Inc	$	28,628,617
	10,988	*,e	Lumber Liquidators, Inc		212,068
	150,131		Macy’s, Inc		10,368,047
	10,573	*	MarineMax, Inc		190,948
	8,430	*,e	Mattress Firm Holding Corp		521,396
	23,925		Men’s Wearhouse, Inc		1,424,016
	25,923	*	Michaels Cos, Inc		656,889
	13,022		Monro Muffler, Inc		823,642
	18,657	*	Murphy USA, Inc		1,021,657
	181,958	*	NetFlix, Inc		20,799,619
	58,086		Nordstrom, Inc		4,432,543
	22,226		Nutri/System, Inc		667,891
	231,423	*	Office Depot, Inc		1,851,384
	46,870	*	Orbitz Worldwide, Inc		528,694
	43,024	*	O’Reilly Automotive, Inc		10,339,097
	8,166	e	Outerwall, Inc		578,316
	4,892	*	Overstock.com, Inc		103,515
	10,430	*	Party City Holdco, Inc		215,067
	18,385		Penske Auto Group, Inc		992,790
	21,673	*	PEP Boys - Manny Moe & Jack		256,825
	8,830	e	PetMed Express, Inc		148,786
	37,408	e	Pier 1 Imports, Inc		441,788
	22,078	*	Priceline.com, Inc		27,455,538
	21,824		Rent-A-Center, Inc		584,665
	14,029	*,e	Restoration Hardware Holdings, Inc		1,423,382
	176,359		Ross Stores, Inc		9,375,244
	65,798	*	Sally Beauty Holdings, Inc		1,960,122
	6,761	*,e	Sears Holdings Corp		145,700
	23,405	*	Select Comfort Corp		609,466
	5,922		Shoe Carnival, Inc		167,652
	15,618	*	Shutterfly, Inc		675,479
	38,362		Signet Jewelers Ltd		4,650,242
	16,417		Sonic Automotive, Inc (Class A)		382,352
	7,450	*,e	Sportsman’s Warehouse Holdings, Inc		87,091
	15,124	e	Stage Stores, Inc		266,182
	272,967		Staples, Inc		4,015,345
	15,745		Stein Mart, Inc		160,442
	4,288	*	Systemax, Inc		29,244
	279,096		Target Corp		22,844,008
	47,372		Tiffany & Co		4,533,500
	12,603	*,e	Tile Shop Holdings, Inc		179,971
	18,313	*	Tilly’s, Inc		165,733
	297,637		TJX Companies, Inc		20,781,015
	57,925		Tractor Supply Co		5,359,221
	44,464	e	Travelport Worldwide Ltd		566,916
	47,327	*	TripAdvisor, Inc		3,756,817
	18,379	*	Tuesday Morning Corp		172,395
	27,005	*	Ulta Salon Cosmetics & Fragrance, Inc		4,483,640
	42,110	*	Urban Outfitters, Inc		1,373,628
	12,917	*	Vitamin Shoppe, Inc		474,829
	10,713	*	VOXX International Corp (Class A)		85,704
	8,518	*,e	Wayfair, Inc		317,807

152

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	6,804	*	West Marine, Inc	$	61,780
	38,985		Williams-Sonoma, Inc		3,300,470
	892		Winmark Corp		90,413
	27,648	*,e	zulily, Inc		365,230
	10,806	*	Zumiez, Inc		282,037
			TOTAL RETAILING		492,616,141
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.2%
	17,192	*	Advanced Energy Industries, Inc		450,258
	278,371	*,e	Advanced Micro Devices, Inc		537,256
	8,895	*,e	Alpha & Omega Semiconductor Ltd		69,826
	126,949		Altera Corp		6,304,287
	15,019	*,e	Ambarella, Inc		1,740,252
	40,729	*	Amkor Technology, Inc		179,615
	133,184		Analog Devices, Inc		7,768,623
	518,672		Applied Materials, Inc		9,004,146
	33,773	*,e	Applied Micro Circuits Corp		209,730
	179,985		Atmel Corp		1,490,276
	108,919		Avago Technologies Ltd		13,630,124
	48,702	*	Axcelis Technologies, Inc		143,671
	233,274		Broadcom Corp (Class A)		11,805,997
	28,194		Brooks Automation, Inc		297,447
	10,069	*	Cabot Microelectronics Corp		456,528
	4,818	*	Cascade Microtech, Inc		71,836
	23,166	*	Cavium Networks, Inc		1,570,655
	8,650	*	Ceva, Inc		162,015
	27,661	*	Cirrus Logic, Inc		913,090
	10,237		Cohu, Inc		101,449
	46,907	*,e	Cree, Inc		1,156,258
	209,530		Cypress Semiconductor Corp		2,405,404
	15,352	*	Diodes, Inc		340,661
	9,301	*	DSP Group, Inc		81,198
	58,326	*	Entegris, Inc		864,100
	15,727	*	Exar Corp		123,771
	48,686	*	Fairchild Semiconductor International, Inc		733,211
	35,499	*	First Solar, Inc		1,572,606
	23,909	*	Formfactor, Inc		172,862
	48,582	*	Freescale Semiconductor Holdings Ltd		1,936,964
	16,268	*	Inphi Corp		369,772
	64,415	*	Integrated Device Technology, Inc		1,230,971
	12,945		Integrated Silicon Solution, Inc		283,884
	2,064,047		Intel Corp		59,754,161
	59,817		Intersil Corp (Class A)		665,763
	9,988		IXYS Corp		104,474
	67,485		Kla-Tencor Corp		3,580,079
	28,048	*	Kopin Corp		83,583
	66,631		Lam Research Corp		5,121,925
	46,871	*	Lattice Semiconductor Corp		230,605
	101,837		Linear Technology Corp		4,175,317
	9,866	*,e	MA-COM Technology Solutions		332,583
	189,617		Marvell Technology Group Ltd		2,358,835
	31,593	*	Mattson Technology, Inc		90,356

153

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	118,504		Maxim Integrated Products, Inc	$	4,033,876
	21,700	*	MaxLinear, Inc		236,096
	17,514		Micrel, Inc		244,320
	84,028	e	Microchip Technology, Inc		3,599,760
	504,387	*	Micron Technology, Inc		9,336,203
	39,909	*	Microsemi Corp		1,314,602
	22,106		MKS Instruments, Inc		784,763
	16,118		Monolithic Power Systems, Inc		833,462
	9,714	*	Nanometrics, Inc		132,888
	12,097	*	NeoPhotonics Corp Ltd		107,179
	1,929		NVE Corp		115,161
	222,117		Nvidia Corp		4,431,234
	25,808	*	Omnivision Technologies, Inc		630,231
	179,953	*	ON Semiconductor Corp		1,911,101
	12,269	*	PDF Solutions, Inc		171,889
	9,022		Pericom Semiconductor Corp		107,993
	27,944	*	Photronics, Inc		230,538
	77,701	*	PMC - Sierra, Inc		529,144
	12,028		Power Integrations, Inc		466,205
	63,100	*	Qorvo, Inc		3,656,645
	51,257	*	Rambus, Inc		670,954
	13,099	*	Rudolph Technologies, Inc		146,971
	29,634	*	Semtech Corp		521,262
	14,732	*	Sigma Designs, Inc		152,771
	18,199	*	Silicon Laboratories, Inc		818,773
	81,222		Skyworks Solutions, Inc		7,770,509
	122,298	*,e	SunEdison, Inc		2,847,097
	22,758	*,e	SunPower Corp		615,149
	88,985		Teradyne, Inc		1,713,851
	24,143		Tessera Technologies, Inc		836,796
	460,241		Texas Instruments, Inc		23,002,845
	12,988	*	Ultra Clean Holdings		98,449
	11,718	*	Ultratech, Inc		186,551
	18,349	*	Veeco Instruments, Inc		474,872
	22,930	*	Xcerra Corp		144,115
	124,342		Xilinx, Inc		5,191,279
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		222,741,958
SOFTWARE & SERVICES - 10.9%
	14,259	*	A10 Networks, Inc		92,826
	276,805		Accenture plc		28,541,364
	48,794	*	ACI Worldwide, Inc		1,154,954
	211,486		Activision Blizzard, Inc		5,454,224
	17,102	*	Actua Corp		251,912
	31,651	*	Acxiom Corp		566,869
	217,814	*	Adobe Systems, Inc		17,858,570
	85,284	*	Akamai Technologies, Inc		6,542,136
	26,046	*	Alliance Data Systems Corp		7,163,692
	7,645	*,e	Amber Road, Inc		45,106
	64,066		Amdocs Ltd		3,757,471
	9,809	*	American Software, Inc (Class A)		90,439
	21,348	*,e	Angie’s List, Inc		106,740

154

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	47,097	*	Ansys, Inc	$	4,434,183
	2,179	*,e	Apigee Corp		17,541
	36,651	*	Aspen Technology, Inc		1,626,571
	95,709	*	Autodesk, Inc		4,840,961
	211,115		Automatic Data Processing, Inc		16,840,644
	16,870	*	AVG Technologies NV		484,844
	27,384	*	Bankrate, Inc		249,742
	3,385	*	Barracuda Networks, Inc		92,884
	26,404	*,e	Bazaarvoice, Inc		148,919
	3,373	*,e	Benefitfocus, Inc		125,611
	8,337	*	Black Knight Financial Services, Inc		271,619
	19,455		Blackbaud, Inc		1,189,868
	22,491	*	Blackhawk Network Holdings, Inc		1,033,012
	17,474	*	Blucora, Inc		247,607
	41,933		Booz Allen Hamilton Holding Co		1,162,802
	16,992	*	Bottomline Technologies, Inc		466,600
	5,712	*,e	Box, Inc		93,277
	13,975	*	Brightcove, Inc		76,443
	49,717		Broadridge Financial Solutions, Inc		2,698,142
	12,343	*	BroadSoft, Inc		431,018
	135,434		CA, Inc		3,945,870
	11,039	*	CACI International, Inc (Class A)		906,633
	121,648	*	Cadence Design Systems, Inc		2,550,959
	23,354	*	Callidus Software, Inc		387,676
	7,703	*	Carbonite, Inc		91,974
	18,501	*	Cardtronics, Inc		685,832
	8,834	*,e	Care.com, Inc		53,004
	4,627		Cass Information Systems, Inc		243,380
	67,271		CDK Global, Inc		3,473,874
	9,269	*	ChannelAdvisor Corp		93,524
	30,571	*	Ciber, Inc		101,190
	14,612	*,e	Cimpress NV		942,912
	68,524	*	Citrix Systems, Inc		5,181,100
	474	*,e	Code Rebel Corp		3,290
	273,954	*	Cognizant Technology Solutions Corp (Class A)		17,286,497
	18,720	*	Commvault Systems, Inc		701,438
	57,639		Computer Sciences Corp		3,771,320
	14,484	*	comScore, Inc		847,314
	9,182	*	Comverse, Inc		186,119
	13,409	*	Constant Contact, Inc		346,489
	40,661		Convergys Corp		1,020,998
	22,842	*	Cornerstone OnDemand, Inc		823,683
	13,580	*	CoStar Group, Inc		2,733,518
	25,728	*,e	Coupons.com, Inc		250,333
	13,500		CSG Systems International, Inc		419,850
	11,614	*,e	Cvent, Inc		312,649
	12,622	*	Cyan, Inc		71,945
	8,444	*	Datalink Corp		57,250
	23,087	*	DealerTrack Holdings, Inc		1,433,010
	14,070	*	Demandware, Inc		1,063,129
	18,118	*	DHI Group, Inc		144,400
	3,147	e	Digimarc Corp		125,062

155

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	20,736	*,e	Digital Turbine, Inc	$	50,388
	14,982		DST Systems, Inc		1,635,285
	44,030		EarthLink Holdings Corp		323,180
	515,094	*	eBay, Inc		14,484,443
	11,888	e	Ebix, Inc		368,409
	133,434	*	Electronic Arts, Inc		9,547,203
	12,309	*	Ellie Mae, Inc		965,641
	24,698	*,e	Endurance International Group Holdings, Inc		499,147
	11,448	*,e	EnerNOC, Inc		94,217
	14,730	*	Envestnet, Inc		667,122
	20,502	*	EPAM Systems, Inc		1,519,403
	13,005		EPIQ Systems, Inc		215,233
	2,188	*	ePlus, Inc		168,279
	21,592	*	Euronet Worldwide, Inc		1,479,052
	27,235		EVERTEC, Inc		512,563
	8,968	*	Everyday Health, Inc		106,450
	13,761	*	ExlService Holdings, Inc		533,514
	938,771	*	Facebook, Inc		88,253,862
	21,056		Factset Research Systems, Inc		3,488,137
	13,745		Fair Isaac Corp		1,246,534
	120,169		Fidelity National Information Services, Inc		7,862,658
	70,406	*,e	FireEye, Inc		3,132,363
	39,171	*	First American Corp		1,544,904
	101,586	*	Fiserv, Inc		8,823,760
	11,180	*,e	Five9, Inc		52,658
	38,622	*	FleetCor Technologies, Inc		5,979,458
	16,143	*,e	FleetMatics Group plc		772,765
	5,122		Forrester Research, Inc		160,216
	61,407	*	Fortinet, Inc		2,931,570
	36,058	*	Gartner, Inc		3,193,657
	66,111	*	Genpact Ltd		1,468,325
	11,654	*	Gigamon, Inc		313,260
	26,600	*	Global Cash Access, Inc		134,330
	28,600		Global Payments, Inc		3,205,774
	6,392	*	Globant S.A.		203,266
	50,659	*,e	Glu Mobile, Inc		297,115
	9,925	*	GoDaddy, Inc		282,267
	23,773	*,e	Gogo, Inc		433,382
	127,670	*	Google, Inc		79,871,629
	125,061	*	Google, Inc (Class A)		82,227,608
	31,733	*	GrubHub, Inc		1,006,253
	10,255	*	GTT Communications, Inc		238,224
	8,100	*,e	Guidance Software, Inc		81,567
	29,493	*	Guidewire Software, Inc		1,741,562
	10,211		Hackett Group, Inc		130,701
	16,386		Heartland Payment Systems, Inc		1,020,848
	39,911	*	HomeAway, Inc		1,198,926
	3,226	*,e	Hortonworks, Inc		78,263
	7,885	*,e	HubSpot, Inc		425,396
	30,803		IAC/InterActiveCorp		2,379,840
	11,176	*	Imperva, Inc		734,263
	25,200	*	Infoblox, Inc		592,200

156

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	44,879	*	Informatica Corp	$	2,177,529
	6,987	*	Interactive Intelligence, Inc		289,681
	23,532	*	Internap Network Services Corp		216,730
	394,668		International Business Machines Corp		63,932,269
	125,665		Intuit, Inc		13,291,587
	20,267		j2 Global, Inc		1,426,797
	47,198		Jack Henry & Associates, Inc		3,297,252
	24,819	*	Jive Software, Inc		117,146
	36,827	e	King Digital Entertainment plc		571,923
	11,023	*	Knot, Inc		163,471
	29,543		Leidos Holdings, Inc		1,205,354
	28,206	*,e	LendingClub Corp		409,269
	31,019	*	Limelight Networks, Inc		116,942
	46,270	*	LinkedIn Corp		9,404,840
	25,980	*	Lionbridge Technologies		152,762
	10,535	*,e	Liquidity Services, Inc		94,604
	23,943	*	Liveperson, Inc		230,092
	10,258	*	LogMeIn, Inc		754,784
	7,558	*	Luxoft Holding, Inc		474,340
	30,778	*	Manhattan Associates, Inc		1,995,030
	9,855		Mantech International Corp (Class A)		293,778
	13,195		Marchex, Inc (Class B)		60,697
	13,298	*,e	Marin Software, Inc		74,336
	14,726	*,e	Marketo, Inc		447,818
	437,048		Mastercard, Inc (Class A)		42,568,475
	27,274		MAXIMUS, Inc		1,860,360
	2,992	*,e	MaxPoint Interactive, Inc		26,539
	41,078		Mentor Graphics Corp		1,071,725
	3,500,781		Microsoft Corp		163,486,473
	3,800	*	MicroStrategy, Inc (Class A)		774,630
	52,348	*,e	Millennial Media, Inc		90,039
	16,990	*	MobileIron, Inc		97,183
	8,810	*	Model N, Inc		100,082
	16,185	*,e	ModusLink Global Solutions, Inc		52,601
	14,404	*	MoneyGram International, Inc		146,921
	16,404		Monotype Imaging Holdings, Inc		408,952
	38,282	*,e	Monster Worldwide, Inc		269,888
	46,172	*	Netscout Systems, Inc		1,841,339
	16,761	*,e	NetSuite, Inc		1,656,657
	24,084	*,e	NeuStar, Inc (Class A)		743,473
	2,428	*	New Relic, Inc		84,494
	26,809		NIC, Inc		483,634
	105,971	*	Nuance Communications, Inc		1,921,254
	11,263	*,e	OPOWER, Inc		113,193
	1,378,095		Oracle Corp		55,041,114
	89,010	*	Pandora Media, Inc		1,559,455
	3,781	*,e	Park City Group, Inc		49,569
	155,868		Paychex, Inc		7,232,275
	13,329	*	Paycom Software, Inc		426,528
	6,376	*,e	Paylocity Holding Corp		229,026
	515,094	*	PayPal Holdings, Inc		19,934,138
	14,355		Pegasystems, Inc		388,877

157

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	14,896	*	Perficient, Inc	$	241,762
	4,957	*,e	PFSweb, Inc		62,557
	23,615	*	Progress Software Corp		700,893
	16,626	*,e	Proofpoint, Inc		1,075,702
	10,016	*	PROS Holdings, Inc		219,050
	47,974	*	PTC, Inc		1,743,855
	9,749	*	Q2 Holdings, Inc		265,075
	3,997		QAD, Inc (Class A)		106,680
	38,331	*	QLIK Technologies, Inc		1,550,872
	10,529	*,e	Qualys, Inc		389,152
	15,203	*	QuinStreet, Inc		88,481
	51,869	*	Rackspace Hosting, Inc		1,765,102
	9,129	*	RealNetworks, Inc		42,724
	21,632	*,e	RealPage, Inc		415,334
	78,083	*	Red Hat, Inc		6,174,804
	3,209		Reis, Inc		78,492
	15,888	*	RetailMeNot, Inc		240,703
	40,946	*,e	Rocket Fuel, Inc		312,009
	37,512	*	Rovi Corp		412,257
	10,830	*	Rubicon Project, Inc		188,767
	47,268		Sabre Corp		1,257,329
	280,626	*	Salesforce.com, Inc		20,569,886
	9,731	e	Sapiens International Corp NV		104,414
	20,630		Science Applications International Corp		1,107,418
	11,070	*	Sciquest, Inc		131,622
	13,463	*	Seachange International, Inc		92,760
	64,894	*	ServiceNow, Inc		5,223,967
	26,981	*	ServiceSource International LLC		142,999
	8,287	*,e	Shutterstock, Inc		442,774
	16,631	*,e	Silver Spring Networks, Inc		186,267
	27,573	*	SolarWinds, Inc		1,099,887
	29,539		Solera Holdings, Inc		1,080,832
	52,925	*	Splunk, Inc		3,701,575
	7,006	*	SPS Commerce, Inc		505,483
	31,094		SS&C Technologies Holdings, Inc		2,115,325
	6,035	*	Stamps.com, Inc		414,001
	15,730	*	Sykes Enterprises, Inc		383,497
	290,241		Symantec Corp		6,600,080
	16,154	*	Synchronoss Technologies, Inc		772,161
	67,583	*	Synopsys, Inc		3,435,920
	12,660	*	Syntel, Inc		553,115
	16,908	*	TA Indigo Holding Corp		192,075
	20,956	*	Tableau Software, Inc		2,194,931
	36,682	*	Take-Two Interactive Software, Inc		1,158,418
	16,127	*	Tangoe, Inc		177,720
	8,465	*	TechTarget, Inc		73,307
	20,386	*	TeleCommunication Systems, Inc (Class A)		74,817
	11,456	*	TeleNav, Inc		80,192
	7,285		TeleTech Holdings, Inc		197,642
	60,975	*	Teradata Corp		2,262,782
	8,468	*,e	Textura Corp		245,572
	44,696	*	TiVo, Inc		445,172

158

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	68,565		Total System Services, Inc	$	3,169,074
	4,367	*	Travelzoo, Inc		39,041
	20,717	*,e	TrueCar, Inc		135,075
	6,028	*	TubeMogul, Inc		85,176
	245,286	*	Twitter, Inc		7,606,319
	13,996	*	Tyler Technologies, Inc		1,953,002
	11,970	*	Ultimate Software Group, Inc		2,204,994
	20,494	*	Unisys Corp		325,240
	5,839	*	United Online, Inc		81,162
	59,326	*	Vantiv, Inc		2,610,344
	3,825	*,e	Varonis Systems, Inc		79,522
	12,292	*,e	Vasco Data Security International		250,634
	48,981	*	VeriFone Systems, Inc		1,576,209
	25,427	*	Verint Systems, Inc		1,480,360
	44,687	*,e	VeriSign, Inc		3,170,096
	21,463	*,e	VirnetX Holding Corp		99,374
	12,397	*	Virtusa Corp		594,312
	851,033		Visa, Inc (Class A)		64,116,826
	41,372	*	VMware, Inc (Class A)		3,687,486
	15,884	*	WebMD Health Corp (Class A)		692,225
	19,433	*	Website Pros, Inc		483,687
	248,039		Western Union Co		5,020,309
	16,055	*	WEX, Inc		1,638,252
	9,183	*,e	Wix.com Ltd		257,124
	44,810	*	Workday, Inc		3,778,827
	3,075	*	Workiva, Inc		44,864
	464,311		Xerox Corp		5,116,707
	13,615	*	Xoom Corp		338,333
	398,105	*	Yahoo!, Inc		14,598,510
	27,481	*,e	Yelp, Inc		725,498
	7,511	*	Yodlee, Inc		94,338
	22,719	*	Zendesk, Inc		468,693
	18,892	*,e	Zillow Group, Inc		1,539,698
	23,238	*	Zix Corp		113,401
	324,452	*	Zynga, Inc		804,641
			TOTAL SOFTWARE & SERVICES		1,103,027,372
TECHNOLOGY HARDWARE & EQUIPMENT - 5.9%
	48,192	*,e	3D Systems Corp		634,207
	24,640		Adtran, Inc		406,560
	10,358	*,e	Aerohive Networks, Inc		80,274
	5,601	*	Agilysys, Inc		47,440
	5,798	e	Alliance Fiber Optic Products, Inc		116,366
	129,544		Amphenol Corp (Class A)		7,307,577
	12,849		Anixter International, Inc		850,732
	2,489,247		Apple, Inc		301,945,661
	7,243	*,e	Applied Optoelectronics, Inc		140,876
	14,184	*,e	Arista Networks, Inc		1,198,122
	57,332	*	ARRIS Group, Inc		1,772,705
	41,766	*	Arrow Electronics, Inc		2,428,693
	12,829	*,e	Avid Technology, Inc		157,284
	59,322		Avnet, Inc		2,475,507

159

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	21,648		AVX Corp	$	291,599
	5,631		Badger Meter, Inc		331,215
	4,329		Bel Fuse, Inc (Class B)		95,584
	17,889		Belden CDT, Inc		1,059,565
	21,281	*	Benchmark Electronics, Inc		469,459
	6,118		Black Box Corp		95,808
	173,985		Brocade Communications Systems, Inc		1,785,086
	15,298	*,e	CalAmp Corp		261,749
	18,584	*	Calix Networks, Inc		156,663
	54,528		CDW Corp		1,959,191
	16,366		Checkpoint Systems, Inc		143,039
	49,638	*	Ciena Corp		1,263,287
	2,212,210		Cisco Systems, Inc		62,871,008
	4,709	*,e	Clearfield, Inc		92,673
	36,557		Cognex Corp		1,654,935
	9,960	*	Coherent, Inc		577,182
	44,163	*	CommScope Holding Co, Inc		1,385,393
	6,617		Comtech Telecommunications Corp		190,636
	8,807	*,e	Control4 Corp		73,098
	534,499		Corning, Inc		9,984,441
	16,770	*	Cray, Inc		435,014
	13,984		CTS Corp		262,759
	15,342		Daktronics, Inc		175,359
	32,205		Diebold, Inc		1,096,580
	10,399	*	Digi International, Inc		105,238
	22,257		Dolby Laboratories, Inc (Class A)		782,334
	25,176	*	Dot Hill Systems Corp		159,112
	7,396	*	DTS, Inc		210,712
	7,109	*,e	Eastman Kodak Co		96,896
	20,185	*	EchoStar Corp (Class A)		936,988
	7,109		Electro Rent Corp		71,445
	19,017	*	Electronics for Imaging, Inc		869,077
	822,891		EMC Corp		22,127,539
	10,385	*	EMCORE Corp		64,283
	42,439	*	Extreme Networks, Inc		98,458
	30,814	*	F5 Networks, Inc		4,133,390
	14,267	*	Fabrinet		264,796
	7,269	*	FARO Technologies, Inc		319,036
	17,295		FEI Co		1,486,851
	43,394	*	Finisar Corp		755,490
	57,796		Flir Systems, Inc		1,779,539
	14,868	*	GSI Group, Inc		210,680
	39,552	*	Harmonic, Inc		237,708
	63,000		Harris Corp		5,225,220
	769,893		Hewlett-Packard Co		23,497,134
	22,069	*	II-VI, Inc		375,173
	13,663	*	Imation Corp		56,018
	11,513	*	Immersion Corp		157,958
	54,773	*,e	Infinera Corp		1,311,266
	64,117	*	Ingram Micro, Inc (Class A)		1,745,906
	17,922	*	Insight Enterprises, Inc		483,715
	16,078		InterDigital, Inc		869,337

160

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	34,400	*,e	InvenSense, Inc	$	450,640
	14,995	*	IPG Photonics Corp		1,382,839
	23,332	*	Itron, Inc		751,990
	26,439	*	Ixia		348,995
	83,982		Jabil Circuit, Inc		1,700,635
	98,032	*	JDS Uniphase Corp		1,087,175
	167,921		Juniper Networks, Inc		4,772,315
	70,718	*	Keysight Technologies, Inc		2,159,728
	12,299	*	Kimball Electronics, Inc		164,930
	37,514	*,e	Knowles Corp		714,642
	5,979	*	KVH Industries, Inc		73,422
	29,605		Lexmark International, Inc (Class A)		1,006,274
	9,266		Littelfuse, Inc		852,472
	13,539	*	Mercury Computer Systems, Inc		190,765
	1,202	e	Mesa Laboratories, Inc		124,455
	15,985		Methode Electronics, Inc		428,878
	99,328		Motorola, Inc		5,975,572
	6,091		MTS Systems Corp		393,540
	3,946	*	Multi-Fineline Electronix, Inc		70,476
	63,883		National Instruments Corp		1,850,052
	72,669	*	NCR Corp		2,001,304
	132,768		NetApp, Inc		4,135,723
	14,600	*	Netgear, Inc		488,954
	16,531	*	Newport Corp		261,851
	39,842	*,e	Nimble Storage, Inc		1,100,436
	16,489	*	Novatel Wireless, Inc		40,728
	42,356	*,e	Oclaro, Inc		97,419
	8,081	*	OSI Systems, Inc		567,125
	35,590	*	Palo Alto Networks, Inc		6,613,690
	8,151		Park Electrochemical Corp		143,947
	3,831		PC Connection, Inc		85,010
	16,902		Plantronics, Inc		981,668
	13,718	*	Plexus Corp		523,205
	55,882	*	Polycom, Inc		635,937
	35,882	*	QLogic Corp		318,273
	709,884		Qualcomm, Inc		45,709,431
	89,500	*	Quantum Corp		94,870
	16,469	*	RealD, Inc		206,686
	12,287	*	Rofin-Sinar Technologies, Inc		306,438
	7,760	*	Rogers Corp		434,327
	31,942	*	Ruckus Wireless, Inc		393,845
	88,235		SanDisk Corp		5,319,688
	34,320	*	Sanmina Corp		757,442
	11,491	*	Scansource, Inc		434,705
	28,040	*	ShoreTel, Inc		198,804
	13,572	*,e	Silicon Graphics International Corp		69,353
	20,395	*	Sonus Networks, Inc		164,588
	21,464	*,e	Stratasys Ltd		659,589
	20,685	*	Super Micro Computer, Inc		551,669
	18,933	*	Synaptics, Inc		1,502,902
	11,840		SYNNEX Corp		895,459
	15,974	*	Tech Data Corp		931,763

161

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	111,915	*	Trimble Navigation Ltd	$	2,585,236
	24,970	*	TTM Technologies, Inc		227,976
	13,901	e	Ubiquiti Networks, Inc		447,890
	17,564	*	Universal Display Corp		837,978
	17,984	*,e	Viasat, Inc		1,115,008
	38,044	*,e	Violin Memory, Inc		89,784
	55,691	e	Vishay Intertechnology, Inc		639,333
	5,516	*	Vishay Precision Group, Inc		77,003
	98,753		Western Digital Corp		8,498,683
	22,239	*	Zebra Technologies Corp (Class A)		2,393,584
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		592,743,725
TELECOMMUNICATION SERVICES - 2.1%
	37,114	*	8x8, Inc		323,263
	2,631,333		AT&T, Inc		91,412,514
	3,922		Atlantic Tele-Network, Inc		277,442
	15,710	*	Boingo Wireless, Inc		152,858
	241,610		CenturyTel, Inc		6,910,046
	87,920	*	Cincinnati Bell, Inc		343,767
	21,159		Cogent Communications Group, Inc		672,645
	21,043		Consolidated Communications Holdings, Inc		419,387
	8,375	*	Fairpoint Communications, Inc		139,193
	428,764	e	Frontier Communications Corp		2,023,766
	14,505	*	General Communication, Inc (Class A)		266,892
	201,015	*,e	Globalstar, Inc		416,101
	3,994	*	Hawaiian Telcom Holdco, Inc		99,451
	16,921		IDT Corp (Class B)		287,995
	44,053	*	inContact, Inc		408,812
	15,044		Inteliquent, Inc		273,801
	10,667	*,e	Intelsat S.A.		101,443
	34,324	*,e	Iridium Communications, Inc		254,684
	133,476	*	Level 3 Communications, Inc		6,740,538
	8,919		Lumos Networks Corp		124,509
	9,455	*	NTELOS Holdings Corp		60,417
	25,361	*	Orbcomm, Inc		156,224
	5,431	*,e	Pacific DataVision, Inc		158,802
	19,090	*	Premiere Global Services, Inc		205,981
	22,672	*	RingCentral, Inc		446,638
	59,937	*	SBA Communications Corp (Class A)		7,235,595
	9,896		Shenandoah Telecom Co		340,225
	11,251		Spok Holdings, Inc		188,229
	368,672	*,e	Sprint Corp		1,242,425
	4,184	*,e	Straight Path Communications, Inc		98,617
	38,769		Telephone & Data Systems, Inc		1,140,196
	124,389	*	T-Mobile US, Inc		5,057,657
	5,233	*	US Cellular Corp		194,772
	1,770,061		Verizon Communications, Inc		82,821,154
	76,451	*	Vonage Holdings Corp		488,522
	42,654	e	Windstream Holdings, Inc		206,872
	60,690	*	Zayo Group Holdings, Inc		1,620,423
			TOTAL TELECOMMUNICATION SERVICES		213,311,856

162

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
TRANSPORTATION - 2.2%
	22,768	*	Air Transport Services Group, Inc	$	235,649
	54,256		Alaska Air Group, Inc		4,109,892
	5,558		Allegiant Travel Co		1,182,353
	3,092		Amerco, Inc		1,111,172
	316,035		American Airlines Group, Inc		12,673,004
	10,986		Arkansas Best Corp		363,087
	11,244	*	Atlas Air Worldwide Holdings, Inc		552,643
	52,001	*	Avis Budget Group, Inc		2,258,403
	10,955	*	Celadon Group, Inc		237,724
	64,549		CH Robinson Worldwide, Inc		4,528,112
	45,141		Con-Way, Inc		1,751,019
	14,198	e	Copa Holdings S.A. (Class A)		1,072,375
	4,833	*	Covenant Transportation Group, Inc		114,107
	434,484		CSX Corp		13,590,660
	345,923		Delta Air Lines, Inc		15,338,226
	8,964	*	Eagle Bulk Shipping, Inc		77,449
	12,303	*	Echo Global Logistics, Inc		397,387
	93,777		Expeditors International of Washington, Inc		4,395,328
	120,477		FedEx Corp		20,652,167
	12,492		Forward Air Corp		606,487
	22,134	*	Genesee & Wyoming, Inc (Class A)		1,576,383
	27,096	*,e	Golden Ocean Group Ltd (Oslo)		105,403
	19,743	*	Hawaiian Holdings, Inc		428,818
	21,551		Heartland Express, Inc		459,683
	173,271	*	Hertz Global Holdings, Inc		2,943,874
	16,757	*	Hub Group, Inc (Class A)		705,972
	38,011		J.B. Hunt Transport Services, Inc		3,197,485
	153,121	*	JetBlue Airways Corp		3,518,721
	55,873		Kansas City Southern Industries, Inc		5,542,043
	23,091	*	Kirby Corp		1,672,019
	24,695		Knight Transportation, Inc		667,753
	20,034		Landstar System, Inc		1,443,049
	28,958		Macquarie Infrastructure Co LLC		2,459,403
	9,209		Marten Transport Ltd		178,563
	17,501		Matson, Inc		724,891
	35,711		Navios Maritime Holdings, Inc		132,131
	136,771		Norfolk Southern Corp		11,533,898
	28,547	*	Old Dominion Freight Line		2,088,213
	1,308	*	PAM Transportation Services, Inc		68,801
	3,699		Park-Ohio Holdings Corp		166,122
	11,882	*	Quality Distribution, Inc		189,043
	11,295	*	Radiant Logistics, Inc		71,723
	20,319	*	Republic Airways Holdings, Inc		102,408
	14,300	*	Roadrunner Transportation Services Holdings, Inc		374,374
	21,983		Ryder System, Inc		1,989,901
	19,150		Safe Bulkers, Inc		65,876
	9,841	*	Saia, Inc		427,296
	76,489	*,e	Scorpio Bulkers, Inc		138,445
	24,262		Skywest, Inc		401,779
	303,074		Southwest Airlines Co		10,971,279
	30,530	*	Spirit Airlines, Inc		1,826,305

163

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	38,046	*	Swift Transportation Co, Inc	$	906,256
	12,461	*,e	Ultrapetrol Bahamas Ltd		9,777
	372,329		Union Pacific Corp		36,335,587
	162,222	*	United Continental Holdings, Inc		9,147,699
	308,923		United Parcel Service, Inc (Class B)		31,621,358
	2,557		Universal Truckload Services, Inc		54,029
	4,109	*	USA Truck, Inc		80,372
	38,374	*	UTI Worldwide, Inc		322,342
	10,159	*,e	Virgin America, Inc		338,701
	17,944		Werner Enterprises, Inc		506,739
	25,773	*	Wesco Aircraft Holdings, Inc		370,873
	30,234	*,e	XPO Logistics, Inc		1,310,644
	14,424	*	YRC Worldwide, Inc		278,383
			TOTAL TRANSPORTATION		222,701,658
UTILITIES - 2.9%
	23,634	e	Abengoa Yield plc		599,831
	297,945		AES Corp		3,813,696
	48,609		AGL Resources, Inc		2,337,121
	19,876		Allete, Inc		959,812
	46,009		Alliant Energy Corp		2,830,014
	99,305		Ameren Corp		4,079,449
	205,477		American Electric Power Co, Inc		11,623,834
	18,348		American States Water Co		707,315
	77,603		American Water Works Co, Inc		4,028,372
	107,579		Aqua America, Inc		2,736,810
	3,086		Artesian Resources Corp		66,565
	58,875	e	Atlantic Power Corp		146,599
	40,888		Atmos Energy Corp		2,261,106
	24,723		Avista Corp		816,353
	18,241		Black Hills Corp		759,920
	24,995		California Water Service Group		538,142
	161,692	*	Calpine Corp		2,958,964
	186,975		Centerpoint Energy, Inc		3,616,097
	6,361		Chesapeake Utilities Corp		327,083
	28,650		Cleco Corp		1,559,419
	112,805		CMS Energy Corp		3,864,699
	4,663		Connecticut Water Service, Inc		158,729
	124,853		Consolidated Edison, Inc		7,939,402
	6,110	e	Consolidated Water Co, Inc		73,931
	265,501		Dominion Resources, Inc		19,036,422
	74,125		DTE Energy Co		5,964,098
	304,169		Duke Energy Corp		22,575,423
	54,051	*	Dynegy, Inc		1,408,029
	135,615		Edison International		8,138,256
	17,179		El Paso Electric Co		625,831
	27,444		Empire District Electric Co		631,486
	87,964		Entergy Corp		6,247,203
	138,685		Eversource Energy		6,895,418
	371,305		Exelon Corp		11,915,177
	177,203		FirstEnergy Corp		6,017,814
	5,556	e	Genie Energy Ltd		57,505

164

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	62,038		Great Plains Energy, Inc	$	1,619,812
	43,719		Hawaiian Electric Industries, Inc		1,309,384
	20,674		Idacorp, Inc		1,284,062
	63,862		ITC Holdings Corp		2,157,258
	17,510		Laclede Group, Inc		947,466
	80,055		MDU Resources Group, Inc		1,561,873
	15,712		MGE Energy, Inc		623,452
	6,217		Middlesex Water Co		141,375
	34,836		National Fuel Gas Co		1,883,583
	34,398		New Jersey Resources Corp		994,102
	197,957		NextEra Energy, Inc		20,825,076
	132,305		NiSource, Inc		2,310,045
	17,310		Northwest Natural Gas Co		749,350
	18,919		NorthWestern Corp		1,018,599
	141,121		NRG Energy, Inc		3,168,166
	15,511	e	NRG Yield, Inc (Class A)		305,722
	14,897	e	NRG Yield, Inc (Class C)		287,363
	82,512		OGE Energy Corp		2,455,557
	33,943		ONE Gas, Inc		1,528,453
	15,517	e	Ormat Technologies, Inc		631,232
	16,775		Otter Tail Corp		434,808
	21,668		Pattern Energy Group, Inc		529,349
	127,054		Pepco Holdings, Inc		3,389,801
	206,896		PG&E Corp		10,864,109
	41,412		Piedmont Natural Gas Co, Inc		1,574,070
	61,178		Pinnacle West Capital Corp		3,775,294
	32,366		PNM Resources, Inc		853,815
	31,389		Portland General Electric Co		1,130,318
	287,342		PPL Corp		9,140,349
	215,532		Public Service Enterprise Group, Inc		8,981,218
	98,551		Questar Corp		2,181,919
	58,690		SCANA Corp		3,216,212
	103,443		Sempra Energy		10,528,429
	6,635		SJW Corp		198,055
	27,630		South Jersey Industries, Inc		669,751
	403,527		Southern Co		18,049,763
	18,799		Southwest Gas Corp		1,059,136
	1,491		Spark Energy, Inc		23,662
	35,448	*	Talen Energy Corp		557,597
	95,137		TECO Energy, Inc		2,104,430
	35,116		TerraForm Power, Inc		1,059,099
	71,672		UGI Corp		2,618,895
	23,623		UIL Holdings Corp		1,132,487
	8,987		Unitil Corp		319,488
	33,919		Vectren Corp		1,427,990
	10,796	*,e	Vivint Solar, Inc		164,747
	129,567	*	WEC Energy Group, Inc		6,348,783
	53,789		Westar Energy, Inc		2,025,156
	20,634		WGL Holdings, Inc		1,153,441
	211,279		Xcel Energy, Inc		7,325,043
	5,212		York Water Co		111,224
			TOTAL UTILITIES		297,066,293
			TOTAL COMMON STOCKS		10,064,348,792
			(Cost $6,676,777,466)

165

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	RATE			MATURITY DATE	VALUE
RIGHTS / WARRANTS - 0.0%
ENERGY - 0.0%
	7,432	e,m	Magnum Hunter Resources Corp					$	0
			TOTAL ENERGY						0
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	1,296	m	Forest Laboratories, Inc CVR						1,231
	2,832	m	Furiex Pharmaceuticals, Inc						27,669
	1,988	m	Omthera Pharmaceuticals, Inc						1,193
	12,340	e,m	Trius Therapeutics, Inc						1,604
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						31,697
SOFTWARE & SERVICES - 0.0%
	3,514	m	Gerber Scientific, Inc						0
			TOTAL SOFTWARE & SERVICES						0
TELECOMMUNICATION SERVICES - 0.0%
	19,784	m	Leap Wireless International, Inc						49,856
			TOTAL TELECOMMUNICATION SERVICES						49,856
			TOTAL RIGHTS / WARRANTS						81,553
			(Cost $77,612)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 3.2%
GOVERNMENT AGENCY DEBT - 0.1%
$	11,290,000	d	Federal Home Loan Bank (FHLB)		0.050	%	08/12/15		11,289,944
	3,400,000	d	FHLB		0.060	%	09/10/15		3,399,820
			TOTAL GOVERNMENT AGENCY DEBT						14,689,764
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 3.1%
	308,432,118	a,c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust						308,432,118
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						308,432,118
			TOTAL SHORT-TERM INVESTMENTS						323,121,882
			(Cost $323,121,719)
			TOTAL INVESTMENTS - 103.0%						10,387,552,227
			(Cost $6,999,976,797)
			OTHER ASSETS & LIABILITIES, NET - (3.0)%						(306,790,164	)
			NET ASSETS - 100.0%					$	10,080,762,063

166

TIAA-CREF FUNDS - Equity Index Fund

	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 by the custodian 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 $300,441,478.
m	Indicates a security that has been deemed illiquid.

167

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

TIAA-CREF FUNDS

LARGE-CAP GROWTH INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.5%
AUTOMOBILES & COMPONENTS - 0.8%
	52,304		BorgWarner, Inc	$	2,600,032
	66,772		Delphi Automotive plc		5,213,558
	33,250		Gentex Corp		534,660
	25,672		Harley-Davidson, Inc		1,496,677
	32,120		Johnson Controls, Inc		1,463,387
	13,249		Lear Corp		1,378,823
	22,552	*,e	Tesla Motors, Inc		6,002,215
	10,302		Thor Industries, Inc		575,676
	11,281	*	Visteon Corp		1,122,798
			TOTAL AUTOMOBILES & COMPONENTS		20,387,826
BANKS - 0.1%
	10,507	*	Signature Bank		1,529,714
	7,185	*	SVB Financial Group		1,028,174
			TOTAL BANKS		2,557,888
CAPITAL GOODS - 6.7%
	147,581		3M Co		22,334,909
	16,731		A.O. Smith Corp		1,201,620
	9,798		Acuity Brands, Inc		1,971,260
	4,538	*	Aecom Technology Corp		139,907
	1,279		Air Lease Corp		45,213
	21,611		Allegion plc		1,366,247
	22,053		Allison Transmission Holdings, Inc		643,507
	54,436		Ametek, Inc		2,887,830
	7,128	*	Armstrong World Industries, Inc		416,988
	2,321	*	Babcock & Wilcox Enterprises, Inc		45,770
	23,965		BE Aerospace, Inc		1,167,335
	160,827		Boeing Co		23,186,429
	6,174		BWX Technologies, Inc		151,633
	3,218		Carlisle Cos, Inc		325,855
	24,357		Caterpillar, Inc		1,915,191
	31,530		Cummins, Inc		4,084,081
	26,941		Danaher Corp		2,466,718
	13,505		Deere & Co		1,277,168
	31,627		Donaldson Co, Inc		1,062,667
	106,746		Emerson Electric Co		5,524,105
	66,263	e	Fastenal Co		2,773,769
	16,088		Flowserve Corp		755,975
	12,576		Fortune Brands Home & Security, Inc		600,504
	20,009		General Dynamics Corp		2,983,542
	13,255		Graco, Inc		947,600
	39,602	*	HD Supply Holdings, Inc		1,417,752
	21,754		Hexcel Corp		1,128,815

168

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	178,609		Honeywell International, Inc	$	18,762,875
	1,775		Hubbell, Inc (Class B)		185,328
	10,968		Huntington Ingalls		1,287,753
	16,802		IDEX Corp		1,277,456
	67,401		Illinois Tool Works, Inc		6,030,367
	4,187		Ingersoll-Rand plc		257,082
	9,122		Lennox International, Inc		1,077,035
	15,735		Lincoln Electric Holdings, Inc		952,754
	45,690		Lockheed Martin Corp		9,462,399
	78,592		Masco Corp		2,074,043
	12,923	*	Middleby Corp		1,585,652
	3,330		MSC Industrial Direct Co (Class A)		237,296
	13,738		Nordson Corp		1,018,123
	13,278		Northrop Grumman Corp		2,297,227
	72,282		Paccar, Inc		4,686,765
	25,279		Pall Corp		3,196,530
	14,151		Parker Hannifin Corp		1,595,525
	6,715		Precision Castparts Corp		1,308,888
	9,237	*	Quanta Services, Inc		255,126
	591		Regal-Beloit Corp		41,033
	30,328		Rockwell Automation, Inc		3,541,704
	32,023		Rockwell Collins, Inc		2,709,786
	8,682		Roper Industries, Inc		1,452,238
	13,090		Snap-On, Inc		2,157,232
	14,202	*,e	SolarCity Corp		823,716
	29,477	*	Spirit Aerosystems Holdings, Inc (Class A)		1,659,555
	3,183		Stanley Works		335,775
	14,244		Textron, Inc		622,463
	12,568		Toro Co		858,771
	12,012		TransDigm Group, Inc		2,718,316
	22,401	*	United Rentals, Inc		1,500,643
	18,153		United Technologies Corp		1,820,927
	20,724	*	USG Corp		642,029
	1,301	e	Valmont Industries, Inc		144,710
	15,931	e	W.W. Grainger, Inc		3,643,579
	12,307	*	WABCO Holdings, Inc		1,519,545
	5,878		Watsco, Inc		753,795
	22,602		Westinghouse Air Brake Technologies Corp		2,287,096
			TOTAL CAPITAL GOODS		169,603,527
COMMERCIAL & PROFESSIONAL SERVICES - 1.0%
	22,713		Cintas Corp		1,941,962
	8,872	*	Clean Harbors, Inc		439,342
	28,602	*	Copart, Inc		1,030,530
	26,068		Covanta Holding Corp		514,582
	3,157		Dun & Bradstreet Corp		393,899
	26,829		Equifax, Inc		2,740,046
	13,281	*	IHS, Inc (Class A)		1,660,523
	12,457		KAR Auction Services, Inc		484,951
	56,951		Nielsen Holdings NV		2,759,846
	17,680		Pitney Bowes, Inc		369,866
	24,868	e	R.R. Donnelley & Sons Co		436,433

169

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	30,480		Robert Half International, Inc	$	1,677,314
	21,020		Rollins, Inc		609,580
	20,021	*	Stericycle, Inc		2,822,360
	2,797		Towers Watson & Co		354,604
	86,557		Tyco International plc		3,288,300
	39,271	*	Verisk Analytics, Inc		3,067,458
	8,716		Waste Management, Inc		445,649
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		25,037,245
CONSUMER DURABLES & APPAREL - 2.4%
	15,407		Brunswick Corp		817,958
	11,848		Carter’s, Inc		1,201,506
	11,069		Coach, Inc		345,353
	30,678		DR Horton, Inc		910,830
	8,463	*	Fossil Group, Inc		581,831
	20,972	*,e	GoPro, Inc		1,302,361
	93,854		Hanesbrands, Inc		2,912,290
	16,456		Harman International Industries, Inc		1,771,653
	20,307		Hasbro, Inc		1,598,973
	48,103	*	Jarden Corp		2,645,665
	30,829	*	Kate Spade & Co		620,279
	31,057		Leggett & Platt, Inc		1,484,835
	961		Lennar Corp (B Shares)		42,149
	15,386		Lennar Corp (Class A)		816,073
	25,861	*	Lululemon Athletica, Inc		1,625,622
	46,890	*	Michael Kors Holdings Ltd		1,968,911
	9,764	*	Mohawk Industries, Inc		1,968,325
	29,978		Newell Rubbermaid, Inc		1,297,448
	155,862		Nike, Inc (Class B)		17,958,420
	1,011	*	NVR, Inc		1,506,430
	15,369		Polaris Industries, Inc		2,106,475
	1,739		Ralph Lauren Corp		218,923
	9,610	*	Skechers U.S.A., Inc (Class A)		1,445,825
	14,396	*	Tempur-Pedic International, Inc		1,087,618
	13,687	*	Toll Brothers, Inc		532,698
	8,732	*	TopBuild Corp		251,132
	11,559	e	Tupperware Corp		675,855
	41,584	*	Under Armour, Inc (Class A)		4,130,539
	77,234		VF Corp		5,953,969
	1,926	*	Vista Outdoor, Inc		90,849
	1,342		Whirlpool Corp		238,514
			TOTAL CONSUMER DURABLES & APPAREL		60,109,309
CONSUMER SERVICES - 3.5%
	39,981		ARAMARK Holdings Corp		1,272,195
	14,470		Brinker International, Inc		866,753
	7,330	*	Chipotle Mexican Grill, Inc (Class A)		5,440,546
	7,782		Choice Hotels International, Inc		394,236
	7,501		Darden Restaurants, Inc		553,274
	12,449		Domino’s Pizza, Inc		1,417,194
	21,723	e	Dunkin Brands Group, Inc		1,170,652
	12,929		Extended Stay America, Inc		245,651

170

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	58,000		H&R Block, Inc	$	1,930,820
	124,811	*	Hilton Worldwide Holdings, Inc		3,351,175
	14,346	*,e	International Game Technology plc		284,051
	83,840		Las Vegas Sands Corp		4,698,394
	47,290		Marriott International, Inc (Class A)		3,433,727
	223,025		McDonald’s Corp		22,271,276
	9,174	*	MGM Resorts International		179,994
	27,229	*	Norwegian Cruise Line Holdings Ltd		1,699,634
	5,682	*	Panera Bread Co (Class A)		1,159,810
	45,579		Service Corp International		1,390,615
	24,379	*	ServiceMaster Global Holdings, Inc		944,199
	16,248		Six Flags Entertainment Corp		757,807
	347,058		Starbucks Corp		20,105,070
	40,774		Starwood Hotels & Resorts Worldwide, Inc		3,239,902
	27,173		Wyndham Worldwide Corp		2,242,316
	16,776		Wynn Resorts Ltd		1,731,787
	98,770		Yum! Brands, Inc		8,668,055
			TOTAL CONSUMER SERVICES		89,449,133
DIVERSIFIED FINANCIALS - 2.4%
	13,154	*	Affiliated Managers Group, Inc		2,734,717
	10,473	*	Ally Financial, Inc		238,470
	40,148		American Express Co		3,053,657
	34,072		Ameriprise Financial, Inc		4,281,828
	8,050		Artisan Partners Asset Management, Inc		384,387
	27,313		Bank of New York Mellon Corp		1,185,384
	9,194		BlackRock, Inc		3,092,126
	21,240		CBOE Holdings, Inc		1,316,455
	185,037		Charles Schwab Corp		6,454,091
	1,918	*	Credit Acceptance Corp		460,723
	26,602		Eaton Vance Corp		1,020,453
	21,215	e	Federated Investors, Inc (Class B)		715,158
	823		Interactive Brokers Group, Inc (Class A)		33,043
	8,929		IntercontinentalExchange Group, Inc		2,036,169
	12,151		Invesco Ltd		469,029
	74,015		iShares Russell 1000 Growth Index Fund		7,551,750
	28,416		Lazard Ltd (Class A)		1,574,531
	7,229		Legg Mason, Inc		356,679
	9,928		Leucadia National Corp		233,507
	18,628	e	LPL Financial Holdings, Inc		878,310
	64,145		McGraw-Hill Financial, Inc		6,526,754
	40,818		Moody’s Corp		4,507,532
	25,354		MSCI, Inc (Class A)		1,728,129
	46,206		NorthStar Asset Management Group, Inc		846,494
	1,162		Santander Consumer USA Holdings, Inc		28,097
	34,627		SEI Investments Co		1,845,965
	104,147		SLM Corp		950,862
	60,733		T Rowe Price Group, Inc		4,684,336
	51,307		TD Ameritrade Holding Corp		1,884,506
	20,776		Waddell & Reed Financial, Inc (Class A)		933,050
			TOTAL DIVERSIFIED FINANCIALS		62,006,192

171

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
ENERGY - 0.8%
	94,572		Cabot Oil & Gas Corp	$	2,474,004
	7,376	*	Continental Resources, Inc		246,432
	2,783	e	CVR Energy, Inc		106,394
	10,652		EOG Resources, Inc		822,228
	34,990	*	FMC Technologies, Inc		1,146,273
	6,596		HollyFrontier Corp		318,323
	9,146		Marathon Petroleum Corp		500,012
	21,072	*	Memorial Resource Development Corp		322,402
	3,914		Oceaneering International, Inc		156,638
	21,251		Oneok, Inc		803,075
	3,583		Range Resources Corp		140,955
	1,689	e	RPC, Inc		20,775
	35,459		Schlumberger Ltd		2,936,714
	6,685		Targa Resources Investments, Inc		591,288
	4,109		Teekay Corp		147,143
	1,762		Tesoro Corp		171,513
	173,275		Williams Cos, Inc		9,093,472
	2,854		World Fuel Services Corp		116,015
			TOTAL ENERGY		20,113,656
FOOD & STAPLES RETAILING - 2.4%
	101,736		Costco Wholesale Corp		14,782,241
	240,209		CVS Corp		27,016,306
	225,909		Kroger Co		8,864,669
	137,523	*	Rite Aid Corp		1,225,330
	34,574	*	Sprouts Farmers Market, Inc		847,755
	45,408		Sysco Corp		1,648,764
	30,022		Walgreens Boots Alliance, Inc		2,901,026
	74,940		Whole Foods Market, Inc		2,727,816
			TOTAL FOOD & STAPLES RETAILING		60,013,907
FOOD, BEVERAGE & TOBACCO - 7.0%
	427,487		Altria Group, Inc		23,246,743
	5,780	e	Brown-Forman Corp		690,652
	28,083		Brown-Forman Corp (Class B)		3,044,478
	23,114		Campbell Soup Co		1,139,751
	908,874		Coca-Cola Co		37,336,544
	52,473		Coca-Cola Enterprises, Inc		2,680,321
	15,205		ConAgra Foods, Inc		669,932
	37,383		Constellation Brands, Inc (Class A)		4,486,708
	44,006		Dr Pepper Snapple Group, Inc		3,530,161
	34,979		Flowers Foods, Inc		757,645
	135,904		General Mills, Inc		7,910,972
	24,505	*	Hain Celestial Group, Inc		1,665,850
	34,148		Hershey Co		3,172,008
	30,153		Hormel Foods Corp		1,785,359
	1,977		Ingredion, Inc		174,371
	50,636		Kellogg Co		3,350,584
	29,644		Keurig Green Mountain, Inc		2,224,486
	136,530		Kraft Heinz Co		10,850,039
	28,804		McCormick & Co, Inc		2,362,216

172

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	46,571		Mead Johnson Nutrition Co	$	4,116,411
	34,731	*	Monster Beverage Corp		5,332,945
	342,447		PepsiCo, Inc		32,994,769
	177,827		Philip Morris International, Inc		15,209,543
	1,543	e	Pilgrim’s Pride Corp		33,391
	95,439		Reynolds American, Inc		8,187,712
	3,364		Tyson Foods, Inc (Class A)		149,193
	40,350	*	WhiteWave Foods Co (Class A)		2,082,867
			TOTAL FOOD, BEVERAGE & TOBACCO		179,185,651
HEALTH CARE EQUIPMENT & SERVICES - 5.9%
	12,378	*	Acadia Healthcare Co, Inc		987,517
	19,350		Aetna Inc		2,185,970
	18,230	*	Align Technology, Inc		1,143,021
	12,772	*	Allscripts Healthcare Solutions, Inc		184,683
	51,914		AmerisourceBergen Corp		5,489,906
	11,801		Anthem, Inc		1,820,540
	8,694	*,e	athenahealth, Inc		1,216,812
	17,877		Bard (C.R.), Inc		3,515,512
	77,860		Baxter International, Inc		3,120,629
	47,183		Becton Dickinson & Co		7,178,894
	31,105	*	Boston Scientific Corp		539,361
	8,730	*	Brookdale Senior Living, Inc		289,225
	67,244		Cardinal Health, Inc		5,714,395
	27,424	*	Centene Corp		1,923,245
	70,681	*	Cerner Corp		5,069,241
	59,741		Cigna Corp		8,606,289
	7,305		Cooper Cos, Inc		1,292,985
	11,466	*	DaVita, Inc		906,158
	8,137		Dentsply International, Inc		463,077
	18,690	*	DexCom, Inc		1,582,109
	25,022	*	Edwards Lifesciences Corp		3,807,348
	41,695	*	Envision Healthcare Holdings, Inc		1,867,936
	143,064	*	Express Scripts Holding Co		12,885,774
	7,006	*	HCA Holdings, Inc		651,628
	2,889	*	Health Net, Inc		193,159
	20,198	*	Henry Schein, Inc		2,988,900
	11,648		Hill-Rom Holdings, Inc		652,637
	55,464	*	Hologic, Inc		2,310,630
	32,059		Humana, Inc		5,837,623
	21,111	*	Idexx Laboratories, Inc		1,535,403
	30,169	*	IMS Health Holdings, Inc		1,000,102
	5,790	*,e	Inovalon Holdings, Inc		139,886
	8,734	*	Intuitive Surgical, Inc		4,656,707
	12,356	*	Inverness Medical Innovations, Inc		600,625
	8,540	*	Laboratory Corp of America Holdings		1,087,057
	1,005	*	LifePoint Hospitals, Inc		83,274
	52,883		McKesson Corp		11,664,403
	8,877		Omnicare, Inc		859,738
	10,684		Patterson Cos, Inc		535,909
	12,183	*	Pediatrix Medical Group, Inc		1,031,169
	9,936	*	Premier, Inc		355,311

173

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	31,758	e	Resmed, Inc	$	1,840,376
	14,030	*	Sirona Dental Systems, Inc		1,456,033
	35,739		St. Jude Medical, Inc		2,638,253
	38,605		Stryker Corp		3,948,133
	23,010	*	Tenet Healthcare Corp		1,295,463
	209,060		UnitedHealth Group, Inc		25,379,884
	3,728		Universal Health Services, Inc (Class B)		541,417
	24,459	*	Varian Medical Systems, Inc		2,105,186
	17,497	*	VCA Antech, Inc		1,076,590
	15,917	*,e	Veeva Systems, Inc		428,486
	2,407		Zimmer Holdings, Inc		250,497
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		148,935,106
HOUSEHOLD & PERSONAL PRODUCTS - 1.2%
	29,513		Church & Dwight Co, Inc		2,547,857
	23,451		Clorox Co		2,625,105
	185,216		Colgate-Palmolive Co		12,598,392
	18,790		Coty, Inc		502,257
	47,266		Estee Lauder Cos (Class A)		4,211,873
	14,914	*,e	Herbalife Ltd		753,008
	67,519		Kimberly-Clark Corp		7,762,660
	2,788		Nu Skin Enterprises, Inc (Class A)		110,544
	5,581		Spectrum Brands, Inc		591,307
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		31,703,003
INSURANCE - 0.7%
	532		Amtrust Financial Services, Inc		36,979
	64,418		Aon plc		6,491,402
	21,052		Arthur J. Gallagher & Co		998,496
	28,851	*	Berkshire Hathaway, Inc (Class B)		4,118,192
	6,807		Erie Indemnity Co (Class A)		587,512
	314	*	Markel Corp		279,382
	72,497		Marsh & McLennan Cos, Inc		4,200,476
			TOTAL INSURANCE		16,712,439
MATERIALS - 3.6%
	40,635		Air Products & Chemicals, Inc		5,790,894
	3,459		Airgas, Inc		352,887
	2,670		Aptargroup, Inc		180,999
	1,453		Ashland, Inc		166,107
	19,936		Avery Dennison Corp		1,213,106
	22,757	*	Axalta Coating Systems Ltd		723,900
	31,102		Ball Corp		2,109,960
	2,425		Bemis Co, Inc		108,082
	2,453		Celanese Corp (Series A)		161,702
	54,612		CF Industries Holdings, Inc		3,233,030
	18,841		Chemours Co		205,744
	7,610		Compass Minerals International, Inc		608,800
	13,858	*	Crown Holdings, Inc		713,826
	1,602		Cytec Industries, Inc		118,916
	33,631		Dow Chemical Co		1,582,675
	95,528		Du Pont (E.I.) de Nemours & Co		5,326,641

174

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	11,349		Eagle Materials, Inc	$	875,462
	8,336		Eastman Chemical Co		653,542
	60,081		Ecolab, Inc		6,957,981
	23,018		FMC Corp		1,117,294
	43,047		Graphic Packaging Holding Co		650,010
	29,268		Huntsman Corp		556,092
	18,233		International Flavors & Fragrances, Inc		2,107,552
	89,834		International Paper Co		4,300,354
	89,103		LyondellBasell Industries AF S.C.A		8,360,534
	2,140		Martin Marietta Materials, Inc		335,595
	111,345		Monsanto Co		11,344,942
	1,919		NewMarket Corp		763,205
	2,413	*	Owens-Illinois, Inc		51,518
	22,100		Packaging Corp of America		1,564,459
	6,350	*	Platform Specialty Products Corp		147,765
	62,882		PPG Industries, Inc		6,815,151
	56,649		Praxair, Inc		6,465,917
	1,505		Royal Gold, Inc		75,882
	30,041		RPM International, Inc		1,408,022
	9,156		Scotts Miracle-Gro Co (Class A)		552,931
	49,377		Sealed Air Corp		2,625,375
	19,096		Sherwin-Williams Co		5,304,105
	11,435		Sigma-Aldrich Corp		1,596,440
	9,213		Silgan Holdings, Inc		492,619
	8,085	e	Southern Copper Corp (NY)		225,248
	5,709		Steel Dynamics, Inc		114,351
	4,726		Tahoe Resources, Inc		38,422
	18,323		Valspar Corp		1,525,939
	4,389		Vulcan Materials Co		399,487
	6,093	*	WestRock Co		384,225
	16,405	*	WR Grace & Co		1,655,757
			TOTAL MATERIALS		92,063,445
MEDIA - 5.7%
	13,517	*	AMC Networks, Inc		1,138,402
	6,599		Cablevision Systems Corp (Class A)		186,224
	112,439		CBS Corp (Class B)		6,012,113
	17,427	*,e	Charter Communications, Inc		3,238,982
	26,143		Cinemark Holdings, Inc		1,031,603
	3,514		Clear Channel Outdoor Holdings, Inc (Class A)		33,945
	440,399		Comcast Corp (Class A)		27,485,301
	81,648		Comcast Corp (Special Class A)		5,089,936
	31,963	*,e	Discovery Communications, Inc (Class A)		1,055,418
	56,277	*	Discovery Communications, Inc (Class C)		1,705,193
	33,760	*	DISH Network Corp (Class A)		2,181,234
	93,080		Interpublic Group of Cos, Inc		1,982,604
	21,425	e	Lions Gate Entertainment Corp		839,432
	32,585	*	Live Nation, Inc		854,379
	14,756	*	Madison Square Garden, Inc		1,230,650
	4,262		Morningstar, Inc		363,080
	55,063		Omnicom Group, Inc		4,024,004
	22,505	e	Regal Entertainment Group (Class A)		463,603

175

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	20,621	e	Scripps Networks Interactive (Class A)	$	1,290,462
	531,631	*	Sirius XM Holdings, Inc		2,105,259
	19,212	*	Starz-Liberty Capital		777,125
	65,673		Time Warner Cable, Inc		12,478,527
	97,620		Time Warner, Inc		8,594,465
	200,951		Twenty-First Century Fox, Inc		6,930,800
	73,814		Twenty-First Century Fox, Inc (Class B)		2,474,245
	3,452		Viacom, Inc		197,282
	81,752		Viacom, Inc (Class B)		4,659,864
	393,562		Walt Disney Co		47,227,440
			TOTAL MEDIA		145,651,572
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 12.1%
	404,065		AbbVie, Inc		28,288,591
	6,233	*,e	Agios Pharmaceuticals, Inc		686,752
	17,661	*	Akorn, Inc		814,349
	49,574	*	Alexion Pharmaceuticals, Inc		9,787,891
	28,445	*	Alkermes plc		1,991,719
	41,025	*	Allergan plc		13,585,429
	14,015	*	Alnylam Pharmaceuticals, Inc		1,785,931
	176,490		Amgen, Inc		31,166,369
	79,358	*	Baxalta, Inc		2,605,323
	54,532	*	Biogen Idec, Inc		17,383,711
	36,864	*	BioMarin Pharmaceuticals, Inc		5,392,097
	4,707		Bio-Techne Corp		514,852
	7,665	*	Bluebird Bio, Inc		1,271,087
	387,458		Bristol-Myers Squibb Co		25,432,743
	29,682	*	Bruker BioSciences Corp		624,806
	182,920	*	Celgene Corp		24,008,250
	11,539	*	Charles River Laboratories International, Inc		895,657
	227,799		Eli Lilly & Co		19,251,293
	16,046	*	Endo International plc		1,404,667
	340,757		Gilead Sciences, Inc		40,161,620
	30,369	*	Hospira, Inc		2,716,507
	33,121	*	Illumina, Inc		7,263,435
	36,223	*	Incyte Corp		3,777,334
	3,587	*,e	Intercept Pharmaceuticals, Inc		946,286
	10,371	*	Intrexon Corp		676,708
	27,808	*,e	Isis Pharmaceuticals, Inc		1,527,493
	14,032	*	Jazz Pharmaceuticals plc		2,697,512
	83,522		Johnson & Johnson		8,369,740
	3,600	*,e	Juno Therapeutics, Inc		176,112
	10,809	*	Mallinckrodt plc		1,339,884
	18,146	*	Medivation, Inc		1,911,318
	76,213		Merck & Co, Inc		4,493,518
	6,843	*	Mettler-Toledo International, Inc		2,310,197
	83,046	*	Mylan NV		4,649,746
	55,579	*,e	Opko Health, Inc		909,828
	3,987	*	PerkinElmer, Inc		210,992
	6,097		Perrigo Co plc		1,171,843
	5,640	*	Puma Biotechnology, Inc		510,984
	18,688	*	Quintiles Transnational Holdings, Inc		1,433,743

176

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	7,347	*	Receptos, Inc	$	1,674,087
	18,047	*	Regeneron Pharmaceuticals, Inc		9,991,902
	21,419	*,e	Seattle Genetics, Inc		1,025,328
	30,227		Thermo Electron Corp		4,217,573
	10,377	*	United Therapeutics Corp		1,757,449
	56,345	*	Vertex Pharmaceuticals, Inc		7,606,575
	6,131	*	VWR Corp		164,250
	18,643	*	Waters Corp		2,488,654
	114,170		Zoetis Inc		5,592,047
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		308,664,182
REAL ESTATE - 2.4%
	95,297		American Tower Corp		9,063,698
	31,366		Boston Properties, Inc		3,866,801
	67,595	*	CBRE Group, Inc		2,566,582
	8,672		Columbia Property Trust, Inc		209,516
	75,164		Crown Castle International Corp		6,156,683
	17,559		Digital Realty Trust, Inc		1,128,517
	12,037		Empire State Realty Trust, Inc		214,018
	12,821		Equinix, Inc		3,575,905
	19,034		Equity Lifestyle Properties, Inc		1,101,688
	26,236		Extra Space Storage, Inc		1,928,871
	16,725		Federal Realty Investment Trust		2,287,813
	2,260		Gaming and Leisure Properties, Inc		74,015
	35,589		Health Care REIT, Inc		2,468,809
	2,869		Healthcare Trust of America, Inc		72,098
	3,539	*	Howard Hughes Corp		481,162
	18,565		Iron Mountain, Inc		557,878
	8,057		Jones Lang LaSalle, Inc		1,434,468
	18,290		Lamar Advertising Co		1,098,315
	11,171		Omega Healthcare Investors, Inc		405,060
	18,822		Plum Creek Timber Co, Inc		771,702
	4,184		Post Properties, Inc		238,237
	30,817		Public Storage, Inc		6,323,032
	12,072	*	Realogy Holdings Corp		549,517
	72,654		Simon Property Group, Inc		13,602,282
	24,961		Tanger Factory Outlet Centers, Inc		810,733
	6,940		Taubman Centers, Inc		519,112
	10,029		Weyerhaeuser Co		307,790
			TOTAL REAL ESTATE		61,814,302
RETAILING - 8.5%
	2,024		Aaron’s, Inc		74,847
	17,367		Advance Auto Parts, Inc		3,025,505
	88,342	*	Amazon.com, Inc		47,364,563
	16,442	*	Autonation, Inc		1,024,994
	7,183	*	AutoZone, Inc		5,034,852
	39,621	*	Bed Bath & Beyond, Inc		2,584,478
	1,109	*,e	Cabela’s, Inc		49,273
	48,634	*	Carmax, Inc		3,137,379
	14,089		CST Brands, Inc		533,691
	14,308		Dick’s Sporting Goods, Inc		729,422

177

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	583		Dillard’s, Inc (Class A)	$	59,396
	69,799		Dollar General Corp		5,609,746
	52,942	*	Dollar Tree, Inc		4,131,064
	727		DSW, Inc (Class A)		23,642
	23,965		Expedia, Inc		2,910,310
	27,805		Foot Locker, Inc		1,961,643
	53,715		Gap, Inc		1,959,523
	31,512		Genuine Parts Co		2,802,992
	19,532		GNC Holdings, Inc		961,170
	111,746	*	Groupon, Inc		538,616
	300,112		Home Depot, Inc		35,122,108
	58,033		L Brands, Inc		4,684,424
	45,417	*	Liberty Interactive Corp		1,319,364
	33,387	*	Liberty Ventures		1,384,893
	70,559	*	LKQ Corp		2,219,786
	219,822		Lowe’s Companies, Inc		15,246,854
	57,395		Macy’s, Inc		3,963,699
	15,523	*	Michaels Cos, Inc		393,353
	500	*	Murphy USA, Inc		27,380
	98,101	*	NetFlix, Inc		11,213,925
	31,655		Nordstrom, Inc		2,415,593
	26,673	*	Office Depot, Inc		213,384
	23,317	*	O’Reilly Automotive, Inc		5,603,308
	4,493		Penske Auto Group, Inc		242,622
	11,988	*	Priceline.com, Inc		14,907,917
	95,656		Ross Stores, Inc		5,085,073
	35,581	*	Sally Beauty Holdings, Inc		1,059,958
	414	*,e	Sears Holdings Corp		8,922
	18,427		Signet Jewelers Ltd		2,233,721
	12,698		Target Corp		1,039,331
	19,692		Tiffany & Co		1,884,524
	155,379		TJX Companies, Inc		10,848,562
	31,730		Tractor Supply Co		2,935,660
	25,799	*	TripAdvisor, Inc		2,047,925
	15,137	*	Ulta Salon Cosmetics & Fragrance, Inc		2,513,196
	24,046	*	Urban Outfitters, Inc		784,380
	20,663		Williams-Sonoma, Inc		1,749,329
			TOTAL RETAILING		215,666,297
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.0%
	21,110		Altera Corp		1,048,323
	65,562		Analog Devices, Inc		3,824,231
	164,300		Applied Materials, Inc		2,852,248
	93,498		Atmel Corp		774,163
	59,317		Avago Technologies Ltd		7,422,929
	9,096		Broadcom Corp (Class A)		460,349
	23,977	*	Freescale Semiconductor Holdings Ltd		955,963
	81,226		Intel Corp		2,351,493
	36,051		Kla-Tencor Corp		1,912,506
	25,472		Lam Research Corp		1,958,033
	57,971		Linear Technology Corp		2,376,811
	22,138		Maxim Integrated Products, Inc		753,577

178

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	45,635	e	Microchip Technology, Inc	$	1,955,003
	21,874	*	Micron Technology, Inc		404,888
	89,341	*	ON Semiconductor Corp		948,801
	34,821	*	Qorvo, Inc		2,017,877
	43,915		Skyworks Solutions, Inc		4,201,348
	57,938	*,e	SunEdison, Inc		1,348,797
	842	*,e	SunPower Corp		22,759
	243,156		Texas Instruments, Inc		12,152,937
	16,296		Xilinx, Inc		680,358
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		50,423,394
SOFTWARE & SERVICES - 17.6%
	146,533		Accenture plc		15,109,018
	117,287	*	Adobe Systems, Inc		9,616,361
	41,235	*	Akamai Technologies, Inc		3,163,137
	14,160	*	Alliance Data Systems Corp		3,894,566
	5,012	*	Ansys, Inc		471,880
	39,551	*	Autodesk, Inc		2,000,490
	88,233		Automatic Data Processing, Inc		7,038,346
	3,919	*	Black Knight Financial Services, Inc		127,681
	20,912		Booz Allen Hamilton Holding Co		579,890
	27,050		Broadridge Financial Solutions, Inc		1,468,004
	65,989	*	Cadence Design Systems, Inc		1,383,789
	36,127		CDK Global, Inc		1,865,598
	36,126	*	Citrix Systems, Inc		2,731,487
	141,163	*	Cognizant Technology Solutions Corp (Class A)		8,907,385
	7,314	*	CoStar Group, Inc		1,472,235
	6,404		DST Systems, Inc		698,997
	279,324	*	eBay, Inc		7,854,591
	72,287	*	Electronic Arts, Inc		5,172,135
	500,044	*	Facebook, Inc		47,009,136
	10,431		Factset Research Systems, Inc		1,727,999
	27,163		Fidelity National Information Services, Inc		1,777,275
	31,969	*,e	FireEye, Inc		1,422,301
	11,150	*	First American Corp		439,756
	55,547	*	Fiserv, Inc		4,824,812
	20,685	*	FleetCor Technologies, Inc		3,202,452
	32,187	*	Fortinet, Inc		1,536,607
	18,722	*	Gartner, Inc		1,658,208
	35,369	*	Genpact Ltd		785,546
	14,983		Global Payments, Inc		1,679,445
	7,576	*	GoDaddy, Inc		215,461
	68,117	*	Google, Inc		42,614,676
	66,784	*	Google, Inc (Class A)		43,910,480
	6,733	*	HomeAway, Inc		202,259
	16,564		IAC/InterActiveCorp		1,279,735
	23,609	*	Informatica Corp		1,145,509
	117,316		International Business Machines Corp		19,004,019
	63,014		Intuit, Inc		6,664,991
	20,515		Jack Henry & Associates, Inc		1,433,178
	17,961		King Digital Entertainment plc		278,934
	1,368		Leidos Holdings, Inc		55,814

179

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	15,069	*,e	LendingClub Corp	$	218,651
	25,289	*	LinkedIn Corp		5,140,242
	231,407		Mastercard, Inc (Class A)		22,539,042
	1,060,253		Microsoft Corp		49,513,815
	9,010	*,e	NetSuite, Inc		890,548
	438,979		Oracle Corp		17,532,821
	50,322	*	Pandora Media, Inc		881,641
	68,148		Paychex, Inc		3,162,067
	280,878	*	PayPal Holdings, Inc		10,869,979
	25,938	*	PTC, Inc		942,846
	27,751	*	Rackspace Hosting, Inc		944,367
	42,817	*	Red Hat, Inc		3,385,968
	25,619		Sabre Corp		681,465
	151,635	*	Salesforce.com, Inc		11,114,846
	35,239	*	ServiceNow, Inc		2,836,740
	15,051	*	SolarWinds, Inc		600,384
	14,931		Solera Holdings, Inc		546,325
	28,886	*	Splunk, Inc		2,020,287
	14,427		SS&C Technologies Holdings, Inc		981,469
	5,118	*	Synopsys, Inc		260,199
	11,480	*	Tableau Software, Inc		1,202,415
	23,799	*,e	Teradata Corp		883,181
	37,265		Total System Services, Inc		1,722,388
	131,325	*	Twitter, Inc		4,072,388
	6,448	*	Ultimate Software Group, Inc		1,187,786
	32,360	*	Vantiv, Inc		1,423,840
	25,475	*	VeriFone Systems, Inc		819,786
	24,939	*,e	VeriSign, Inc		1,769,173
	454,557		Visa, Inc (Class A)		34,246,324
	18,393	*	VMware, Inc (Class A)		1,639,368
	119,520		Western Union Co		2,419,085
	8,723	*	WEX, Inc		890,095
	24,863	*	Workday, Inc		2,096,697
	15,685	*,e	Yelp, Inc		414,084
	5,933	*,e	Zillow Group, Inc		483,540
			TOTAL SOFTWARE & SERVICES		446,758,035
TECHNOLOGY HARDWARE & EQUIPMENT - 7.4%
	9,275	*	3D Systems Corp		122,059
	69,616		Amphenol Corp (Class A)		3,927,038
	1,333,355	d	Apple, Inc		161,735,962
	7,604	*,e	Arista Networks, Inc		642,310
	5,131	*	ARRIS Group, Inc		158,650
	29,772		CDW Corp		1,069,708
	19,647		Cognex Corp		889,420
	10,518	*	CommScope Holding Co, Inc		329,950
	35,454		EMC Corp		953,358
	16,212	*	F5 Networks, Inc		2,174,678
	24,673		Flir Systems, Inc		759,682
	6,086		Harris Corp		504,773
	2,053	*	Ingram Micro, Inc (Class A)		55,903
	7,708	*	IPG Photonics Corp		710,832

180

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	7,706		Jabil Circuit, Inc	$	156,046
	15,816		Juniper Networks, Inc		449,491
	35,897	*	Keysight Technologies, Inc		1,096,294
	49,850		Motorola, Inc		2,998,976
	10,325		National Instruments Corp		299,012
	22,719		NetApp, Inc		707,697
	16,783	*	Palo Alto Networks, Inc		3,118,785
	55,816		Qualcomm, Inc		3,593,992
	6,006	*	Trimble Navigation Ltd		138,739
	11,631	*	Zebra Technologies Corp (Class A)		1,251,844
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		187,845,199
TELECOMMUNICATION SERVICES - 2.0%
	207,428		AT&T, Inc		7,206,032
	7,736	*	Level 3 Communications, Inc		390,668
	14,970	*	SBA Communications Corp (Class A)		1,807,179
	876,311		Verizon Communications, Inc		41,002,592
	28,013	*	Zayo Group Holdings, Inc		747,947
			TOTAL TELECOMMUNICATION SERVICES		51,154,418
TRANSPORTATION - 3.3%
	29,888		Alaska Air Group, Inc		2,264,016
	797		Amerco, Inc		286,418
	160,496		American Airlines Group, Inc		6,435,890
	24,879	*	Avis Budget Group, Inc		1,080,495
	32,865		CH Robinson Worldwide, Inc		2,305,480
	57,203		CSX Corp		1,789,310
	189,253		Delta Air Lines, Inc		8,391,478
	43,142		Expeditors International of Washington, Inc		2,022,066
	23,063		FedEx Corp		3,953,459
	5,832	*	Genesee & Wyoming, Inc (Class A)		415,355
	93,861	*	Hertz Global Holdings, Inc		1,594,698
	20,742		J.B. Hunt Transport Services, Inc		1,744,817
	28,487	*	JetBlue Airways Corp		654,631
	11,536		Landstar System, Inc		830,938
	15,754	*	Old Dominion Freight Line		1,152,405
	153,594		Southwest Airlines Co		5,560,103
	16,397	*	Spirit Airlines, Inc		980,869
	202,780		Union Pacific Corp		19,789,300
	89,383	*	United Continental Holdings, Inc		5,040,307
	163,596		United Parcel Service, Inc (Class B)		16,745,686
			TOTAL TRANSPORTATION		83,037,721
UTILITIES - 0.0%
	9,906	*	Calpine Corp		181,280
	6,292		Dominion Resources, Inc		451,136
	13,214		ITC Holdings Corp		446,369
	394		TerraForm Power, Inc		11,883
			TOTAL UTILITIES		1,090,668
			TOTAL COMMON STOCKS		2,529,984,115
			(Cost $1,848,901,230)

181

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 2.0%
GOVERNMENT AGENCY DEBT - 0.3%
$	7,000,000	d	Federal Home Loan Bank (FHLB)		0.040	%	08/07/15	$	6,999,986
			TOTAL GOVERNMENT AGENCY DEBT						6,999,986
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.7%
	44,392,916	c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust						44,392,916
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						44,392,916
			TOTAL SHORT-TERM INVESTMENTS						51,392,902
			(Cost $51,392,869)
			TOTAL INVESTMENTS - 101.5%						2,581,377,017
			(Cost $1,900,294,099)
			OTHER ASSETS & LIABILITIES, NET - (1.5)%						(39,149,844	)
			NET ASSETS - 100.0%					$	2,542,227,173

	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 by the custodian 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 $43,199,787.

182

TIAA-CREF FUNDS - Large-Cap Value Index Fund

TIAA-CREF FUNDS

LARGE-CAP VALUE INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.5%
AUTOMOBILES & COMPONENTS - 1.4%
	1,247,554		Ford Motor Co	$	18,501,226
	513,125		General Motors Co		16,168,569
	49,036		Gentex Corp		788,499
	85,964		Goodyear Tire & Rubber Co		2,590,095
	30,121		Harley-Davidson, Inc		1,756,054
	162,739		Johnson Controls, Inc		7,414,389
	6,330		Lear Corp		658,763
			TOTAL AUTOMOBILES & COMPONENTS		47,877,595
BANKS - 12.0%
	50,371		Associated Banc-Corp		992,812
	3,352,183		Bank of America Corp		59,937,032
	14,377		Bank of Hawaii Corp		970,016
	32,782		BankUnited		1,197,199
	247,994		BB&T Corp		9,986,718
	8,878		BOK Financial Corp		590,032
	56,302		CIT Group, Inc		2,648,446
	968,989		Citigroup, Inc		56,647,097
	99,269		Citizens Financial Group, Inc		2,587,943
	15,518		City National Corp		1,395,223
	57,556		Comerica, Inc		2,729,881
	26,661		Commerce Bancshares, Inc		1,255,467
	17,692		Cullen/Frost Bankers, Inc		1,281,785
	44,767		East West Bancorp, Inc		2,003,771
	259,313		Fifth Third Bancorp		5,463,725
	75,946		First Horizon National Corp		1,203,744
	111,268		First Niagara Financial Group, Inc		1,080,412
	44,435		First Republic Bank		2,834,509
	167,884		Hudson City Bancorp, Inc		1,730,884
	258,550		Huntington Bancshares, Inc		3,017,279
	1,186,231		JPMorgan Chase & Co		81,292,411
	263,937		Keycorp		3,916,825
	42,576		M&T Bank Corp		5,583,842
	141,361	e	New York Community Bancorp, Inc		2,690,100
	31,668		PacWest Bancorp		1,465,912
	100,807	e	People’s United Financial, Inc		1,640,130
	165,819		PNC Financial Services Group, Inc		16,280,109
	33,645	*	Popular, Inc		1,030,210
	423,103		Regions Financial Corp		4,396,040
	1,447	*	Signature Bank		210,669
	165,690		SunTrust Banks, Inc		7,346,695
	5,930	*	SVB Financial Group		848,583
	41,767		Synovus Financial Corp		1,316,496
	55,978		TCF Financial Corp		921,398

183

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	20,712		TFS Financial Corp	$	349,204
	535,983		US Bancorp		24,231,791
	1,489,151		Wells Fargo & Co		86,177,168
	64,376		Zions Bancorporation		2,007,887
			TOTAL BANKS		401,259,445
CAPITAL GOODS - 8.0%
	40,613	*	Aecom Technology Corp		1,252,099
	23,591	e	AGCO Corp		1,297,741
	30,970		Air Lease Corp		1,094,789
	25,580		Allison Transmission Holdings, Inc		746,424
	4,546	*	Armstrong World Industries, Inc		265,941
	13,348	*	Babcock & Wilcox Enterprises, Inc		263,223
	28,724		BWX Technologies, Inc		705,461
	16,284		Carlisle Cos, Inc		1,648,918
	159,734		Caterpillar, Inc		12,559,884
	31,481	e	Chicago Bridge & Iron Co NV		1,672,900
	32,477	*,e	Colfax Corp		1,238,673
	15,783		Crane Co		839,656
	14,843		Cummins, Inc		1,922,614
	153,764		Danaher Corp		14,078,632
	87,460		Deere & Co		8,271,092
	4,642		Donaldson Co, Inc		155,971
	51,523		Dover Corp		3,301,079
	148,613		Eaton Corp		9,002,976
	67,056		Emerson Electric Co		3,470,148
	22,296		Flowserve Corp		1,047,689
	46,968		Fluor Corp		2,195,754
	31,886		Fortune Brands Home & Security, Inc		1,522,556
	14,596		GATX Corp		774,172
	64,613		General Dynamics Corp		9,634,444
	3,220,682		General Electric Co		84,059,800
	15,865		Hubbell, Inc (Class B)		1,656,465
	2,080		IDEX Corp		158,142
	79,152		Ingersoll-Rand plc		4,859,933
	29,004		ITT Corp		1,102,152
	40,525	*	Jacobs Engineering Group, Inc		1,706,913
	30,291	e	Joy Global, Inc		799,985
	47,458		KBR, Inc		829,091
	25,289		Kennametal, Inc		801,408
	26,302		L-3 Communications Holdings, Inc		3,036,829
	1,882		Lincoln Electric Holdings, Inc		113,955
	24,614		Lockheed Martin Corp		5,097,559
	44,204		Manitowoc Co, Inc		781,085
	11,018		MSC Industrial Direct Co (Class A)		785,143
	43,202		Northrop Grumman Corp		7,474,378
	33,177	*,e	NOW, Inc		577,280
	18,766		Orbital ATK, Inc		1,331,448
	25,108		Oshkosh Truck Corp		917,446
	37,740		Owens Corning, Inc		1,692,639
	11,394		Paccar, Inc		738,787
	24,133		Parker Hannifin Corp		2,720,996

184

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	57,121		Pentair plc	$	3,473,528
	35,904		Precision Castparts Corp		6,998,408
	51,413	*	Quanta Services, Inc		1,420,027
	97,477		Raytheon Co		10,633,766
	14,050		Regal-Beloit Corp		975,491
	20,008		Roper Industries, Inc		3,346,738
	3,364	*	Spirit Aerosystems Holdings, Inc (Class A)		189,393
	12,753		SPX Corp		834,174
	44,412		Stanley Works		4,685,022
	34,675		Terex Corp		768,398
	68,213		Textron, Inc		2,980,908
	25,665		Timken Co		856,698
	50,168		Trinity Industries, Inc		1,467,916
	15,216		Triumph Group, Inc		819,382
	258,596		United Technologies Corp		25,939,765
	6,938	e	Valmont Industries, Inc		771,714
	14,084	*,e	WESCO International, Inc		864,194
	56,408		Xylem, Inc		1,947,768
			TOTAL CAPITAL GOODS		269,177,560
COMMERCIAL & PROFESSIONAL SERVICES - 0.7%
	54,719	e	ADT Corp		1,889,447
	6,636	*	Clean Harbors, Inc		328,615
	8,104		Dun & Bradstreet Corp		1,011,136
	3,086	*	IHS, Inc (Class A)		385,842
	29,317		KAR Auction Services, Inc		1,141,311
	24,884		Manpower, Inc		2,251,504
	35,574		Nielsen Holdings NV		1,723,916
	37,426		Pitney Bowes, Inc		782,952
	30,814	e	R.R. Donnelley & Sons Co		540,786
	77,072		Republic Services, Inc		3,277,872
	17,943		Towers Watson & Co		2,274,813
	17,634		Tyco International plc		669,916
	39,639		Waste Connections, Inc		1,987,103
	133,307		Waste Management, Inc		6,815,987
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		25,081,200
CONSUMER DURABLES & APPAREL - 0.8%
	7,602		Brunswick Corp		403,590
	75,358		Coach, Inc		2,351,170
	59,875		DR Horton, Inc		1,777,689
	2,418	*	Fossil Group, Inc		166,238
	38,444	*,e	Garmin Ltd		1,611,188
	6,528		Hasbro, Inc		514,015
	1,752		Lennar Corp (B Shares)		76,843
	33,746		Lennar Corp (Class A)		1,789,888
	107,107		Mattel, Inc		2,485,953
	5,987	*	Mohawk Industries, Inc		1,206,919
	42,946		Newell Rubbermaid, Inc		1,858,703
	26,280		Phillips-Van Heusen Corp		3,049,531
	116,265		Pulte Homes, Inc		2,409,011
	18,020		Ralph Lauren Corp		2,268,538

185

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	36,761	*	Toll Brothers, Inc	$	1,430,738
	841	e	Tupperware Corp		49,173
	17,684	*	Vista Outdoor, Inc		834,154
	23,206		Whirlpool Corp		4,124,402
			TOTAL CONSUMER DURABLES & APPAREL		28,407,743
CONSUMER SERVICES - 0.6%
	5,132		ARAMARK Holdings Corp		163,300
	135,827		Carnival Corp		7,238,221
	32,038		Darden Restaurants, Inc		2,363,123
	1,115		Graham Holdings Co		768,860
	5,480		H&R Block, Inc		182,429
	11,377	*	Hyatt Hotels Corp		635,178
	10,893	*,e	International Game Technology plc		215,682
	132,734	*	MGM Resorts International		2,604,241
	3,312	*	Norwegian Cruise Line Holdings Ltd		206,735
	55,031		Royal Caribbean Cruises Ltd		4,944,535
	68,723		Wendy’s		705,098
	3,371		Wynn Resorts Ltd		347,988
			TOTAL CONSUMER SERVICES		20,375,390
DIVERSIFIED FINANCIALS - 5.5%
	142,190	*	Ally Financial, Inc		3,237,666
	222,972		American Express Co		16,959,250
	9,905		Ameriprise Financial, Inc		1,244,761
	320,389		Bank of New York Mellon Corp		13,904,883
	27,324		BlackRock, Inc		9,189,608
	173,825		Capital One Financial Corp		14,131,973
	106,557		Charles Schwab Corp		3,716,708
	102,347		CME Group, Inc		9,829,406
	140,824		Discover Financial Services		7,859,388
	92,770	*	E*TRADE Financial Corp		2,636,523
	124,098		Franklin Resources, Inc		5,652,664
	137,630		Goldman Sachs Group, Inc		28,223,784
	17,551		Interactive Brokers Group, Inc (Class A)		704,673
	23,048		IntercontinentalExchange Group, Inc		5,255,866
	121,285		Invesco Ltd		4,681,601
	57,000	e	iShares Russell 1000 Value Index Fund		5,865,870
	21,315		Legg Mason, Inc		1,051,682
	89,971		Leucadia National Corp		2,116,118
	489,535		Morgan Stanley		19,013,539
	36,335		NASDAQ OMX Group, Inc		1,854,175
	123,786		Navient Corp		1,943,440
	74,994		Northern Trust Corp		5,736,291
	40,723		Raymond James Financial, Inc		2,402,657
	26,988		Santander Consumer USA Holdings, Inc		652,570
	11,811		SLM Corp		107,834
	17,114	*	Springleaf Holdings, Inc		864,428
	131,437		State Street Corp		10,062,817
	39,987	*	Synchrony Financial		1,373,953
	13,313		TD Ameritrade Holding Corp		488,987
	72,380		Voya Financial, Inc		3,398,241

186

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	2,335		Waddell & Reed Financial, Inc (Class A)	$	104,865
			TOTAL DIVERSIFIED FINANCIALS		184,266,221
ENERGY - 13.0%
	162,009		Anadarko Petroleum Corp		12,045,369
	21,445	*,e	Antero Resources Corp		589,952
	120,424		Apache Corp		5,522,645
	138,649		Baker Hughes, Inc		8,062,439
	109,707		California Resources Corp		464,061
	60,815	*	Cameron International Corp		3,068,725
	75,733	*	Cheniere Energy, Inc		5,223,305
	188,549	e	Chesapeake Energy Corp		1,632,834
	601,202		Chevron Corp		53,194,353
	30,034		Cimarex Energy Co		3,127,140
	119,386	*	Cobalt International Energy, Inc		920,466
	100,501		Columbia Pipeline Group, Inc		2,932,619
	38,183	*	Concho Resources, Inc		4,068,780
	394,546		ConocoPhillips		19,861,446
	73,531	e	Consol Energy, Inc		1,214,732
	17,780	*	Continental Resources, Inc		594,030
	3,587	e	CVR Energy, Inc		137,131
	119,176	e	Denbury Resources, Inc		469,553
	129,814	*	Devon Energy Corp		6,415,408
	21,111	e	Diamond Offshore Drilling, Inc		463,386
	20,137	*	Diamondback Energy, Inc		1,355,220
	11,884	*	Dril-Quip, Inc		694,144
	25,359		Energen Corp		1,399,817
	75,200		Ensco plc		1,246,816
	160,749		EOG Resources, Inc		12,408,215
	14,890	*,e	EP Energy Corp		124,629
	48,302		EQT Corp		3,712,009
	1,336,342	d	Exxon Mobil Corp		105,851,650
	26,138	*	FMC Technologies, Inc		856,281
	10,786		Frank’s International NV		174,625
	29,045	e	Golar LNG Ltd		1,250,968
	34,251	*	Gulfport Energy Corp		1,122,063
	271,836		Halliburton Co		11,360,026
	30,807	e	Helmerich & Payne, Inc		1,778,796
	80,220		Hess Corp		4,733,782
	53,465		HollyFrontier Corp		2,580,221
	570,344		Kinder Morgan, Inc		19,756,716
	48,911	*	Kosmos Energy LLC		352,159
	42,371	*,e	Laredo Petroleum Holdings, Inc		363,119
	216,098		Marathon Oil Corp		4,540,219
	160,682		Marathon Petroleum Corp		8,784,485
	56,745		Murphy Oil Corp		1,860,669
	106,120		Nabors Industries Ltd		1,232,053
	124,110		National Oilwell Varco, Inc		5,228,754
	51,872	*	Newfield Exploration Co		1,700,883
	75,273	e	Noble Corp plc		899,512
	135,501		Noble Energy, Inc		4,773,700
	245,908		Occidental Petroleum Corp		17,262,741

187

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	25,048		Oceaneering International, Inc	$	1,002,421
	36,883		Oneok, Inc		1,393,809
	45,731		Patterson-UTI Energy, Inc		753,876
	26,782		PBF Energy, Inc		845,508
	173,469		Phillips 66		13,790,786
	47,675		Pioneer Natural Resources Co		6,043,760
	57,669		Questar Market Resources, Inc		800,446
	50,028		Range Resources Corp		1,968,102
	24,681	*	Rice Energy, Inc		445,492
	40,259		Rowan Cos plc		693,663
	15,582	e	RPC, Inc		191,659
	357,002		Schlumberger Ltd		29,566,906
	119,248	e	Seadrill Ltd		1,062,500
	122,364	*	Southwestern Energy Co		2,275,970
	214,675		Spectra Energy Corp		6,496,066
	21,877		St. Mary Land & Exploration Co		810,980
	49,144		Superior Energy Services		835,448
	9,287		Targa Resources Investments, Inc		821,435
	9,354		Teekay Corp		334,967
	37,434		Tesoro Corp		3,643,826
	162,235		Valero Energy Corp		10,642,616
	247,777	*	Weatherford International Ltd		2,646,258
	66,836	*	Whiting Petroleum Corp		1,369,470
	19,498		World Fuel Services Corp		792,594
	66,052	*	WPX Energy, Inc		574,652
			TOTAL ENERGY		437,215,856
FOOD & STAPLES RETAILING - 2.0%
	26,210		CVS Corp		2,947,839
	130,146	*	Rite Aid Corp		1,159,601
	130,901		Sysco Corp		4,753,015
	233,139		Walgreens Boots Alliance, Inc		22,528,222
	505,160		Wal-Mart Stores, Inc		36,361,417
	9,364		Whole Foods Market, Inc		340,849
			TOTAL FOOD & STAPLES RETAILING		68,090,943
FOOD, BEVERAGE & TOBACCO - 2.5%
	37,564		Altria Group, Inc		2,042,730
	197,381		Archer Daniels Midland Co		9,359,807
	584	e	Brown-Forman Corp		69,782
	2,737		Brown-Forman Corp (Class B)		296,718
	46,080		Bunge Ltd		3,679,488
	23,319		Campbell Soup Co		1,149,860
	117,795		ConAgra Foods, Inc		5,190,048
	5,918		Flowers Foods, Inc		128,184
	19,983		Ingredion, Inc		1,762,500
	38,380		J.M. Smucker Co		4,286,662
	7,786		Kellogg Co		515,200
	43,714		Molson Coors Brewing Co (Class B)		3,109,814
	519,699		Mondelez International, Inc		23,454,016
	248,349		Philip Morris International, Inc		21,241,290
	18,300	e	Pilgrim’s Pride Corp		396,012

188

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	37,706		Pinnacle Foods, Inc	$	1,694,885
	88,959		Tyson Foods, Inc (Class A)		3,945,332
			TOTAL FOOD, BEVERAGE & TOBACCO		82,322,328
HEALTH CARE EQUIPMENT & SERVICES - 4.4%
	476,339		Abbott Laboratories		24,145,624
	84,074		Aetna Inc		9,497,840
	40,615	*	Allscripts Healthcare Solutions, Inc		587,293
	67,328		Anthem, Inc		10,386,691
	62,922		Baxter International, Inc		2,521,914
	392,709	*	Boston Scientific Corp		6,809,574
	46,250	*	Brookdale Senior Living, Inc		1,532,262
	9,881		Cardinal Health, Inc		839,687
	37,846	*	Community Health Systems, Inc		2,214,369
	4,827		Cooper Cos, Inc		854,379
	39,906	*	DaVita, Inc		3,153,771
	33,533		Dentsply International, Inc		1,908,363
	37,056	*	Express Scripts Holding Co		3,337,634
	94,474	*	HCA Holdings, Inc		8,787,027
	20,556	*	Health Net, Inc		1,374,374
	2,022		Hill-Rom Holdings, Inc		113,293
	3,448		Humana, Inc		627,846
	9,498	*	Inverness Medical Innovations, Inc		461,698
	21,393	*	Laboratory Corp of America Holdings		2,723,115
	12,887	*	LifePoint Hospitals, Inc		1,067,817
	455,768		Medtronic plc		35,727,654
	20,403		Omnicare, Inc		1,976,031
	13,570		Patterson Cos, Inc		680,671
	12,319	*	Pediatrix Medical Group, Inc		1,042,680
	45,677		Quest Diagnostics, Inc		3,371,419
	39,160		St. Jude Medical, Inc		2,890,791
	53,330		Stryker Corp		5,454,059
	13,169	e	Teleflex, Inc		1,764,514
	15,335		UnitedHealth Group, Inc		1,861,669
	24,040		Universal Health Services, Inc (Class B)		3,491,329
	2,043	*	VCA Antech, Inc		125,706
	51,379		Zimmer Holdings, Inc		5,347,013
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		146,678,107
HOUSEHOLD & PERSONAL PRODUCTS - 2.3%
	135,496	e	Avon Products, Inc		768,262
	8,450		Clorox Co		945,893
	35,482		Colgate-Palmolive Co		2,413,486
	20,057		Edgewell Personal Care Co		1,919,655
	20,057	*	Energizer Holdings, Inc		772,395
	4,178	*,e	Herbalife Ltd		210,947
	23,695		Kimberly-Clark Corp		2,724,214
	14,438		Nu Skin Enterprises, Inc (Class A)		572,467
	867,261		Procter & Gamble Co		66,518,919
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		76,846,238

189

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
INSURANCE - 8.2%
	104,240		ACE Ltd	$	11,338,185
	139,174		Aflac, Inc		8,914,095
	5,127	*	Alleghany Corp		2,492,389
	29,715		Allied World Assurance Co Holdings Ltd		1,255,756
	130,652		Allstate Corp		9,008,455
	22,304		American Financial Group, Inc		1,537,861
	425,987		American International Group, Inc		27,314,287
	2,266		American National Insurance Co		242,349
	11,157	e	Amtrust Financial Services, Inc		775,523
	39,490	*	Arch Capital Group Ltd		2,818,006
	24,581		Arthur J. Gallagher & Co		1,165,877
	20,274		Aspen Insurance Holdings Ltd		974,977
	21,955		Assurant, Inc		1,637,843
	48,832		Assured Guaranty Ltd		1,194,431
	32,237		Axis Capital Holdings Ltd		1,855,562
	555,861	*	Berkshire Hathaway, Inc (Class B)		79,343,599
	37,630		Brown & Brown, Inc		1,258,724
	73,379		Chubb Corp		9,123,211
	52,597		Cincinnati Financial Corp		2,903,880
	8,656		CNA Financial Corp		342,951
	20,004		Endurance Specialty Holdings Ltd		1,390,078
	14,150		Everest Re Group Ltd		2,591,148
	89,202		FNF Group		3,486,906
	163,002	*	Genworth Financial, Inc (Class A)		1,142,644
	13,967		Hanover Insurance Group, Inc		1,129,232
	133,104		Hartford Financial Services Group, Inc		6,329,095
	30,515		HCC Insurance Holdings, Inc		2,354,537
	81,088		Lincoln National Corp		4,566,876
	99,918		Loews Corp		3,807,875
	3,995	*	Markel Corp		3,554,551
	69,360		Marsh & McLennan Cos, Inc		4,018,718
	8,891		Mercury General Corp		501,897
	299,899		Metlife, Inc		16,716,370
	82,608		Old Republic International Corp		1,382,032
	15,263		PartnerRe Ltd		2,075,157
	94,324		Principal Financial Group		5,235,925
	18,202		ProAssurance Corp		878,975
	187,828		Progressive Corp		5,728,754
	145,118		Prudential Financial, Inc		12,822,626
	21,493		Reinsurance Group of America, Inc (Class A)		2,074,504
	14,262		RenaissanceRe Holdings Ltd		1,530,313
	13,917		Stancorp Financial Group, Inc		1,586,816
	40,435		Torchmark Corp		2,491,200
	101,739		Travelers Cos, Inc		10,796,543
	79,808		UnumProvident Corp		2,860,319
	26,336		Validus Holdings Ltd		1,220,674
	30,528		W.R. Berkley Corp		1,701,020
	1,951		White Mountains Insurance Group Ltd		1,377,406
	98,861		XL Capital Ltd		3,758,695
			TOTAL INSURANCE		274,608,847

190

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
MATERIALS - 2.8%
	12,344		Air Products & Chemicals, Inc	$	1,759,143
	17,161		Airgas, Inc		1,750,765
	35,835		Albemarle Corp		1,942,257
	418,859		Alcoa, Inc		4,134,138
	34,520		Allegheny Technologies, Inc		735,966
	16,752		Aptargroup, Inc		1,135,618
	19,014		Ashland, Inc		2,173,680
	2,613		Avery Dennison Corp		159,001
	28,459		Bemis Co, Inc		1,268,418
	20,815		Cabot Corp		732,272
	45,001		Celanese Corp (Series A)		2,966,466
	30,728		Chemours Co		335,550
	25,125	*	Crown Holdings, Inc		1,294,189
	20,786		Cytec Industries, Inc		1,542,945
	19,786		Domtar Corp		804,499
	318,524		Dow Chemical Co		14,989,740
	155,538		Du Pont (E.I.) de Nemours & Co		8,672,799
	35,093		Eastman Chemical Co		2,751,291
	11,474		FMC Corp		556,948
	333,129		Freeport-McMoRan Copper & Gold, Inc (Class B)		3,914,266
	43,149		Graphic Packaging Holding Co		651,550
	21,601		Huntsman Corp		410,419
	6,571		International Paper Co		314,554
	18,451		Martin Marietta Materials, Inc		2,893,486
	110,837		Mosaic Co		4,759,341
	168,885		Newmont Mining Corp		2,899,755
	101,650		Nucor Corp		4,486,831
	48,922	*	Owens-Illinois, Inc		1,044,485
	33,320	*	Platform Specialty Products Corp		775,356
	15,412		Praxair, Inc		1,759,126
	23,124		Reliance Steel & Aluminum Co		1,401,314
	19,937		Royal Gold, Inc		1,005,223
	1,453		Scotts Miracle-Gro Co (Class A)		87,747
	23,600		Sigma-Aldrich Corp		3,294,796
	31,886		Sonoco Products Co		1,316,254
	23,926	e	Southern Copper Corp (NY)		666,578
	66,794		Steel Dynamics, Inc		1,337,884
	44,388		Tahoe Resources, Inc		360,874
	46,563	e	United States Steel Corp		906,582
	36,837		Vulcan Materials Co		3,352,904
	12,311		Westlake Chemical Corp		769,068
	75,481	*	WestRock Co		4,759,832
			TOTAL MATERIALS		92,873,910
MEDIA - 1.3%
	1,115	*	Cable One, Inc		462,970
	55,445		Cablevision Systems Corp (Class A)		1,564,658
	6,781		Clear Channel Outdoor Holdings, Inc (Class A)		65,504
	65,290		Comcast Corp (Class A)		4,074,749
	12,296		Comcast Corp (Special Class A)		766,533
	4,317	*,e	Discovery Communications, Inc (Class A)		142,547
	7,723	*	Discovery Communications, Inc (Class C)		234,007

191

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	22,761	*	DISH Network Corp (Class A)	$	1,470,588
	38,997	*	Gannett Co, Inc		493,312
	15,240		John Wiley & Sons, Inc (Class A)		807,872
	8,442	*	Liberty Broadband Corp (Class A)		455,615
	21,108	*	Liberty Broadband Corp (Class C)		1,129,911
	34,141	*	Liberty Media Corp		1,290,530
	64,318	*	Liberty Media Corp (Class C)		2,424,789
	123,537	*	News Corp		1,819,700
	40,978	*	News Corp (Class B)		584,756
	72,491		TEGNA, Inc		2,111,663
	106,212		Thomson Corp		4,296,275
	127,213		Time Warner, Inc		11,199,833
	26,096		Tribune Co		1,317,587
	128,866		Twenty-First Century Fox, Inc		4,444,588
	48,590		Twenty-First Century Fox, Inc (Class B)		1,628,737
			TOTAL MEDIA		42,786,724
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.7%
	105,545		Agilent Technologies, Inc		4,322,068
	8,568	*	Alkermes plc		599,931
	68,766	*	Allergan plc		22,771,861
	4,531	*	Alnylam Pharmaceuticals, Inc		577,385
	62,922	*	Baxalta, Inc		2,065,729
	6,822	*	Bio-Rad Laboratories, Inc (Class A)		1,028,348
	7,238		Bio-Techne Corp		791,693
	42,422	*	Endo International plc		3,713,622
	12,317	*	Hospira, Inc		1,101,756
	772,070		Johnson & Johnson		77,369,135
	22,813	*	Mallinckrodt plc		2,827,900
	800,372		Merck & Co, Inc		47,189,933
	20,568	*,e	Mylan NV		1,151,602
	29,757	*	PerkinElmer, Inc		1,574,740
	38,073		Perrigo Co plc		7,317,631
	1,968,436		Pfizer, Inc		70,981,802
	73,345	*	Qiagen NV (NASDAQ)		2,052,193
	1,318	*	Quintiles Transnational Holdings, Inc		101,117
	84,321		Thermo Electron Corp		11,765,309
	5,314	*,e	VWR Corp		142,362
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		259,446,117
REAL ESTATE - 4.7%
	23,288		Alexandria Real Estate Equities, Inc		2,159,031
	36,213		American Campus Communities, Inc		1,351,469
	112,508		American Capital Agency Corp		2,166,904
	54,705		American Homes 4 Rent		905,368
	301,525		Annaly Capital Management, Inc		3,000,174
	50,021		Apartment Investment & Management Co (Class A)		1,954,821
	60,408		Apple Hospitality REIT, Inc		1,095,801
	42,262		AvalonBay Communities, Inc		7,283,433
	66,432		BioMed Realty Trust, Inc		1,430,945
	4,412		Boston Properties, Inc		543,911
	56,705		Brandywine Realty Trust		780,828

192

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	55,699		Brixmor Property Group, Inc	$	1,362,955
	27,375		Camden Property Trust		2,179,871
	51,951		CBL & Associates Properties, Inc		848,879
	65,123		Chimera Investment Corp		926,700
	35,851		Columbia Property Trust, Inc		866,160
	37,512		Communications Sales & Leasing, Inc		782,125
	30,090		Corporate Office Properties Trust		695,982
	38,217		Corrections Corp of America		1,344,092
	96,326		DDR Corp		1,570,114
	18,672		Digital Realty Trust, Inc		1,200,049
	45,547		Douglas Emmett, Inc		1,334,983
	110,846		Duke Realty Corp		2,235,764
	20,448		Empire State Realty Trust, Inc		363,565
	41,404	*	Equity Commonwealth		1,084,785
	116,745		Equity Residential		8,733,694
	20,904		Essex Property Trust, Inc		4,701,519
	70,176	*	Forest City Enterprises, Inc (Class A)		1,638,610
	24,860		Gaming and Leisure Properties, Inc		814,165
	183,553		General Growth Properties, Inc		4,981,628
	147,779		HCP, Inc		5,710,181
	61,733		Health Care REIT, Inc		4,282,418
	36,192		Healthcare Trust of America, Inc		909,505
	18,635		Home Properties, Inc		1,373,400
	48,853		Hospitality Properties Trust		1,339,549
	243,691		Host Marriott Corp		4,722,732
	7,714	*	Howard Hughes Corp		1,048,795
	41,625		Iron Mountain, Inc		1,250,831
	3,867		Jones Lang LaSalle, Inc		688,481
	28,332		Kilroy Realty Corp		2,007,322
	133,244		Kimco Realty Corp		3,292,459
	48,561		Liberty Property Trust		1,652,531
	50,022		Macerich Co		3,959,742
	115,147		MFA Mortgage Investments, Inc		867,057
	24,136		Mid-America Apartment Communities, Inc		1,939,086
	42,226		National Retail Properties, Inc		1,569,540
	111,837		NorthStar Realty Finance Corp		1,789,392
	41,938		Omega Healthcare Investors, Inc		1,520,672
	43,183		Outfront Media, Inc		1,085,189
	55,598		Paramount Group, Inc		993,536
	48,849		Piedmont Office Realty Trust, Inc		889,540
	33,382		Plum Creek Timber Co, Inc		1,368,662
	11,263		Post Properties, Inc		641,315
	168,275		Prologis, Inc		6,833,648
	4,179		Public Storage, Inc		857,447
	41,165		Rayonier, Inc		1,012,659
	30,156	*	Realogy Holdings Corp		1,372,701
	74,411		Realty Income Corp		3,593,307
	30,369		Regency Centers Corp		1,942,705
	76,537		Retail Properties of America, Inc		1,114,379
	73,171		Senior Housing Properties Trust		1,263,663
	31,608		SL Green Realty Corp		3,639,345
	142,508		Spirit Realty Capital, Inc		1,446,456

193

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	76,386		Starwood Property Trust, Inc	$	1,662,159
	12,693		Taubman Centers, Inc		949,436
	119,028		Two Harbors Investment Corp		1,216,466
	82,368		UDR, Inc		2,784,862
	105,800		Ventas, Inc		7,098,122
	229,310	*	VEREIT, Inc		2,008,756
	60,248		Vornado Realty Trust		5,877,192
	40,166		Weingarten Realty Investors		1,413,040
	152,310		Weyerhaeuser Co		4,674,394
	33,302		WP Carey, Inc		2,037,749
	60,651		WP GLIMCHER, Inc		821,215
			TOTAL REAL ESTATE		158,859,961
RETAILING - 1.2%
	18,192		Aaron’s, Inc		672,740
	95,861		Best Buy Co, Inc		3,095,352
	14,868	*,e	Cabela’s, Inc		660,585
	4,205		CST Brands, Inc		159,285
	10,238		Dick’s Sporting Goods, Inc		521,933
	6,530		Dillard’s, Inc (Class A)		665,276
	22,722		DSW, Inc (Class A)		738,920
	5,883		Foot Locker, Inc		415,046
	34,265	e	GameStop Corp (Class A)		1,571,050
	3,523		Genuine Parts Co		313,371
	98,305	*,e	JC Penney Co, Inc		810,033
	64,907		Kohl’s Corp		3,980,097
	86,678	*	Liberty Interactive Corp		2,517,996
	30,314		Macy’s, Inc		2,093,485
	13,194	*	Murphy USA, Inc		722,504
	145,854	*	Office Depot, Inc		1,166,832
	7,816		Penske Auto Group, Inc		422,064
	4,880	*,e	Sears Holdings Corp		105,164
	202,601		Staples, Inc		2,980,261
	187,480		Target Corp		15,345,238
	9,053		Tiffany & Co		866,372
			TOTAL RETAILING		39,823,604
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.3%
	65,865		Altera Corp		3,270,856
	8,434		Analog Devices, Inc		491,955
	159,693		Applied Materials, Inc		2,772,270
	163,465		Broadcom Corp (Class A)		8,272,964
	35,852	*,e	Cree, Inc		883,752
	107,043		Cypress Semiconductor Corp		1,228,854
	24,010	*	First Solar, Inc		1,063,643
	3,204	*	Freescale Semiconductor Holdings Ltd		127,744
	1,408,711		Intel Corp		40,782,183
	14,109		Lam Research Corp		1,084,559
	145,696		Marvell Technology Group Ltd		1,812,458
	57,812		Maxim Integrated Products, Inc		1,967,920
	320,061	*	Micron Technology, Inc		5,924,329
	172,105		Nvidia Corp		3,433,495

194

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	10,555	*	ON Semiconductor Corp	$	112,094
	7,012	*,e	SunEdison, Inc		163,239
	17,201	*,e	SunPower Corp		464,943
	66,664		Teradyne, Inc		1,283,949
	64,083		Xilinx, Inc		2,675,465
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		77,816,672
SOFTWARE & SERVICES - 4.2%
	160,449		Activision Blizzard, Inc		4,137,980
	48,936		Amdocs Ltd		2,870,096
	23,381	*	Ansys, Inc		2,201,321
	19,338	*	Autodesk, Inc		978,116
	29,486		Automatic Data Processing, Inc		2,352,098
	1,667	*	Black Knight Financial Services, Inc		54,311
	1,578		Booz Allen Hamilton Holding Co		43,758
	100,972		CA, Inc		2,941,819
	44,129		Computer Sciences Corp		2,887,360
	2,602		DST Systems, Inc		284,008
	51,527		Fidelity National Information Services, Inc		3,371,412
	15,564	*	First American Corp		613,844
	19,959	*	HomeAway, Inc		599,568
	129,318		International Business Machines Corp		20,948,223
	19,105		Leidos Holdings, Inc		779,484
	1,118,196		Microsoft Corp		52,219,753
	81,942	*	Nuance Communications, Inc		1,485,608
	404,101		Oracle Corp		16,139,794
	12,934		Paychex, Inc		600,138
	2,260		SS&C Technologies Holdings, Inc		153,748
	217,502		Symantec Corp		4,945,996
	46,118	*	Synopsys, Inc		2,344,639
	12,535	*,e	Teradata Corp		465,174
	354,487		Xerox Corp		3,906,447
	300,588	*	Yahoo!, Inc		11,022,562
	5,501	*,e	Zillow Group, Inc		448,332
	259,498	*	Zynga, Inc		643,555
			TOTAL SOFTWARE & SERVICES		139,439,144
TECHNOLOGY HARDWARE & EQUIPMENT - 4.5%
	24,603	*,e	3D Systems Corp		323,776
	35,128	*	ARRIS Group, Inc		1,086,158
	31,055	*	Arrow Electronics, Inc		1,805,848
	43,497		Avnet, Inc		1,815,130
	130,634		Brocade Communications Systems, Inc		1,340,305
	1,626,241		Cisco Systems, Inc		46,217,769
	18,222	*	CommScope Holding Co, Inc		571,624
	401,565		Corning, Inc		7,501,234
	15,636		Dolby Laboratories, Inc (Class A)		549,605
	13,728	*	EchoStar Corp (Class A)		637,254
	568,133		EMC Corp		15,277,096
	17,304		Flir Systems, Inc		532,790
	33,242		Harris Corp		2,757,092
	581,828		Hewlett-Packard Co		17,757,391

195

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	48,505	*	Ingram Micro, Inc (Class A)	$	1,320,791
	49,274		Jabil Circuit, Inc		997,799
	74,937	*	JDS Uniphase Corp		831,051
	103,358		Juniper Networks, Inc		2,937,434
	8,326	*	Keysight Technologies, Inc		254,276
	19,057		Lexmark International, Inc (Class A)		647,748
	28,841		National Instruments Corp		835,235
	54,123	*	NCR Corp		1,490,547
	69,647		NetApp, Inc		2,169,504
	442,213		Qualcomm, Inc		28,474,095
	66,348		SanDisk Corp		4,000,121
	79,086	*	Trimble Navigation Ltd		1,826,887
	71,805		Western Digital Corp		6,179,538
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		150,138,098
TELECOMMUNICATION SERVICES - 2.4%
	1,660,226		AT&T, Inc		57,676,251
	179,367		CenturyTel, Inc		5,129,896
	372,765	e	Frontier Communications Corp		1,759,451
	81,434	*	Level 3 Communications, Inc		4,112,417
	20,738	*	SBA Communications Corp (Class A)		2,503,491
	244,702	*,e	Sprint Corp		824,646
	31,220		Telephone & Data Systems, Inc		918,180
	87,642	*	T-Mobile US, Inc		3,563,524
	3,981	*	US Cellular Corp		148,173
	93,028		Verizon Communications, Inc		4,352,780
	7,125	*	Zayo Group Holdings, Inc		190,238
			TOTAL TELECOMMUNICATION SERVICES		81,179,047
TRANSPORTATION - 1.1%
	1,303		Amerco, Inc		468,259
	10,250		Copa Holdings S.A. (Class A)		774,182
	234,145		CSX Corp		7,324,056
	58,043		FedEx Corp		9,949,731
	10,050	*	Genesee & Wyoming, Inc (Class A)		715,761
	63,464	*	JetBlue Airways Corp		1,458,403
	35,116		Kansas City Southern Industries, Inc		3,483,156
	18,066	*	Kirby Corp		1,308,159
	22,417		Macquarie Infrastructure Co LLC		1,903,876
	97,388		Norfolk Southern Corp		8,212,730
	16,570		Ryder System, Inc		1,499,916
			TOTAL TRANSPORTATION		37,098,229
UTILITIES - 5.9%
	219,349		AES Corp		2,807,667
	37,318		AGL Resources, Inc		1,794,249
	36,501		Alliant Energy Corp		2,245,177
	77,159		Ameren Corp		3,169,692
	156,441		American Electric Power Co, Inc		8,849,867
	57,563		American Water Works Co, Inc		2,988,095
	57,903		Aqua America, Inc		1,473,052
	32,574		Atmos Energy Corp		1,801,342

196

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	105,307	*	Calpine Corp	$	1,927,118
	133,830		Centerpoint Energy, Inc		2,588,272
	88,064		CMS Energy Corp		3,017,073
	94,117		Consolidated Edison, Inc		5,984,900
	180,630		Dominion Resources, Inc		12,951,171
	57,491		DTE Energy Co		4,625,726
	220,494		Duke Energy Corp		16,365,065
	103,649		Edison International		6,219,976
	57,577		Entergy Corp		4,089,119
	101,901		Eversource Energy		5,066,518
	275,031		Exelon Corp		8,825,745
	133,695		FirstEnergy Corp		4,540,282
	48,794		Great Plains Energy, Inc		1,274,011
	35,059		Hawaiian Electric Industries, Inc		1,050,017
	31,808		ITC Holdings Corp		1,074,474
	62,913		MDU Resources Group, Inc		1,227,433
	27,456		National Fuel Gas Co		1,484,546
	142,230		NextEra Energy, Inc		14,962,596
	100,501		NiSource, Inc		1,754,747
	108,298		NRG Energy, Inc		2,431,290
	64,231		OGE Energy Corp		1,911,515
	79,700		Pepco Holdings, Inc		2,126,396
	153,327		PG&E Corp		8,051,201
	35,790		Pinnacle West Capital Corp		2,208,601
	211,125		PPL Corp		6,715,886
	161,764		Public Service Enterprise Group, Inc		6,740,706
	57,105		Questar Corp		1,264,305
	44,777		SCANA Corp		2,453,780
	78,609		Sempra Energy		8,000,824
	290,082		Southern Co		12,975,368
	77,565		TECO Energy, Inc		1,715,738
	15,087		TerraForm Power, Inc		455,024
	53,627		UGI Corp		1,959,531
	27,224		Vectren Corp		1,146,130
	101,567	*	WEC Energy Group, Inc		4,976,783
	41,120		Westar Energy, Inc		1,548,168
	162,287		Xcel Energy, Inc		5,626,490
			TOTAL UTILITIES		196,465,666
			TOTAL COMMON STOCKS		3,338,134,645
			(Cost $3,031,352,974)
SHORT-TERM INVESTMENTS - 1.2%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.2%
	41,029,273	c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust		41,029,273
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		41,029,273
			TOTAL SHORT-TERM INVESTMENTS		41,029,273
			(Cost $41,029,273)
			TOTAL INVESTMENTS - 100.7%		3,379,163,918
			(Cost $3,072,382,247)
			OTHER ASSETS & LIABILITIES, NET - (0.7)%		(23,399,880	)
			NET ASSETS - 100.0%	$	3,355,764,038

197

TIAA-CREF FUNDS - Large-Cap Value 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 by the custodian 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 $39,422,186.

198

TIAA-CREF FUNDS - S&P 500 Index Fund

TIAA-CREF FUNDS

S&P 500 INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.8%
AUTOMOBILES & COMPONENTS - 1.0%
	34,222		BorgWarner, Inc	$	1,701,176
	44,343		Delphi Automotive plc		3,462,301
	617,168		Ford Motor Co		9,152,601
	208,762		General Motors Co		6,578,091
	41,741		Goodyear Tire & Rubber Co		1,257,656
	32,003		Harley-Davidson, Inc		1,865,775
	100,233		Johnson Controls, Inc		4,566,616
			TOTAL AUTOMOBILES & COMPONENTS		28,584,216
BANKS - 6.3%
	1,627,393		Bank of America Corp		29,097,787
	117,786		BB&T Corp		4,743,242
	470,799		Citigroup, Inc		27,522,910
	27,489		Comerica, Inc		1,303,803
	122,241		Fifth Third Bancorp		2,575,618
	74,092		Hudson City Bancorp, Inc		763,889
	123,287		Huntington Bancshares, Inc		1,438,759
	573,390		JPMorgan Chase & Co		39,294,417
	138,216		Keycorp		2,051,126
	20,736		M&T Bank Corp		2,719,527
	48,848	e	People’s United Financial, Inc		794,757
	80,107		PNC Financial Services Group, Inc		7,864,905
	206,303		Regions Financial Corp		2,143,488
	78,918		SunTrust Banks, Inc		3,499,224
	275,259		US Bancorp		12,444,459
	724,128		Wells Fargo & Co		41,905,287
	31,143		Zions Bancorporation		971,350
			TOTAL BANKS		181,134,548
CAPITAL GOODS - 7.2%
	98,585		3M Co		14,919,854
	16,042		Allegion plc		1,014,175
	36,244		Ametek, Inc		1,922,744
	99,433		Boeing Co		14,335,256
	94,667		Caterpillar, Inc		7,443,666
	26,024		Cummins, Inc		3,370,889
	93,900		Danaher Corp		8,597,484
	51,083		Deere & Co		4,830,919
	24,279		Dover Corp		1,555,556
	71,387		Eaton Corp		4,324,624
	103,047		Emerson Electric Co		5,332,682
	43,244	e	Fastenal Co		1,810,194
	21,029		Flowserve Corp		988,153
	22,359		Fluor Corp		1,045,283

199

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	47,551		General Dynamics Corp	$	7,090,330
	1,558,971		General Electric Co		40,689,143
	119,308		Honeywell International, Inc		12,533,305
	52,835		Illinois Tool Works, Inc		4,727,147
	40,024		Ingersoll-Rand plc		2,457,474
	20,526	*	Jacobs Engineering Group, Inc		864,555
	16,210	e	Joy Global, Inc		428,106
	13,128		L-3 Communications Holdings, Inc		1,515,759
	41,583		Lockheed Martin Corp		8,611,839
	53,187		Masco Corp		1,403,605
	29,979		Northrop Grumman Corp		5,186,667
	53,769		Paccar, Inc		3,486,382
	16,171		Pall Corp		2,044,823
	21,509		Parker Hannifin Corp		2,425,140
	28,288		Pentair plc		1,720,193
	21,586		Precision Castparts Corp		4,207,543
	32,707	*	Quanta Services, Inc		903,367
	47,164		Raytheon Co		5,145,121
	20,498		Rockwell Automation, Inc		2,393,756
	21,054		Rockwell Collins, Inc		1,781,590
	15,546		Roper Industries, Inc		2,600,379
	9,392		Snap-On, Inc		1,547,802
	23,732		Stanley Works		2,503,489
	41,814		Textron, Inc		1,827,272
	15,145	*	United Rentals, Inc		1,014,564
	128,508		United Technologies Corp		12,890,638
	9,441	e	W.W. Grainger, Inc		2,159,251
	27,759		Xylem, Inc		958,518
			TOTAL CAPITAL GOODS		206,609,237
COMMERCIAL & PROFESSIONAL SERVICES - 0.6%
	27,997	e	ADT Corp		966,737
	14,964		Cintas Corp		1,279,422
	5,442		Dun & Bradstreet Corp		678,999
	18,294		Equifax, Inc		1,868,366
	55,681		Nielsen Holdings NV		2,698,301
	31,541		Pitney Bowes, Inc		659,838
	37,379		Republic Services, Inc		1,589,729
	21,808		Robert Half International, Inc		1,200,094
	13,157	*	Stericycle, Inc		1,854,742
	65,379		Tyco International plc		2,483,748
	64,748		Waste Management, Inc		3,310,565
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		18,590,541
CONSUMER DURABLES & APPAREL - 1.5%
	42,751		Coach, Inc		1,333,831
	50,324		DR Horton, Inc		1,494,119
	6,784	*	Fossil Group, Inc		466,400
	19,537	*	Garmin Ltd		818,796
	61,507		Hanesbrands, Inc		1,908,562
	10,973		Harman International Industries, Inc		1,181,353
	16,924		Hasbro, Inc		1,332,596

200

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	22,391		Leggett & Platt, Inc	$	1,070,514
	27,703		Lennar Corp (Class A)		1,469,367
	51,880		Mattel, Inc		1,204,135
	30,937	*	Michael Kors Holdings Ltd		1,299,045
	9,516	*	Mohawk Industries, Inc		1,918,330
	40,749		Newell Rubbermaid, Inc		1,763,617
	107,671		Nike, Inc (Class B)		12,405,853
	12,888		Phillips-Van Heusen Corp		1,495,523
	50,370		Pulte Homes, Inc		1,043,666
	9,764		Ralph Lauren Corp		1,229,190
	26,581	*	Under Armour, Inc (Class A)		2,640,291
	51,899		VF Corp		4,000,894
	12,244		Whirlpool Corp		2,176,126
			TOTAL CONSUMER DURABLES & APPAREL		42,252,208
CONSUMER SERVICES - 1.8%
	69,029		Carnival Corp		3,678,555
	4,703	*	Chipotle Mexican Grill, Inc (Class A)		3,490,708
	19,879		Darden Restaurants, Inc		1,466,275
	42,121		H&R Block, Inc		1,402,208
	32,614		Marriott International, Inc (Class A)		2,368,103
	148,236		McDonald’s Corp		14,802,847
	25,211		Royal Caribbean Cruises Ltd		2,265,208
	232,524		Starbucks Corp		13,470,115
	26,922		Starwood Hotels & Resorts Worldwide, Inc		2,139,222
	18,104		Wyndham Worldwide Corp		1,493,942
	12,760		Wynn Resorts Ltd		1,317,215
	66,108		Yum! Brands, Inc		5,801,638
			TOTAL CONSUMER SERVICES		53,696,036
DIVERSIFIED FINANCIALS - 3.9%
	8,837	*	Affiliated Managers Group, Inc		1,837,212
	135,439		American Express Co		10,301,490
	27,743		Ameriprise Financial, Inc		3,486,463
	170,767		Bank of New York Mellon Corp		7,411,288
	19,731		BlackRock, Inc		6,635,930
	83,001		Capital One Financial Corp		6,747,981
	176,471		Charles Schwab Corp		6,155,309
	50,403		CME Group, Inc		4,840,704
	67,368		Discover Financial Services		3,759,808
	46,054	*	E*TRADE Financial Corp		1,308,855
	61,350		Franklin Resources, Inc		2,794,493
	62,402		Goldman Sachs Group, Inc		12,796,778
	17,110		IntercontinentalExchange Group, Inc		3,901,764
	65,331		Invesco Ltd		2,521,777
	15,345		Legg Mason, Inc		757,122
	48,406		Leucadia National Corp		1,138,509
	41,530		McGraw-Hill Financial, Inc		4,225,678
	27,166		Moody’s Corp		2,999,941
	237,994		Morgan Stanley		9,243,687
	19,931		NASDAQ OMX Group, Inc		1,017,079
	59,887		Navient Corp		940,226

201

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	34,768		Northern Trust Corp	$	2,659,404
	33,100	e	SPDR Trust Series 1		6,967,550
	62,662		State Street Corp		4,797,403
	41,955		T Rowe Price Group, Inc		3,235,989
			TOTAL DIVERSIFIED FINANCIALS		112,482,440
ENERGY - 7.1%
	78,540		Anadarko Petroleum Corp		5,839,449
	57,998		Apache Corp		2,659,788
	67,457		Baker Hughes, Inc		3,922,625
	63,157		Cabot Oil & Gas Corp		1,652,187
	28,968	*	Cameron International Corp		1,461,725
	78,910	e	Chesapeake Energy Corp		683,361
	291,208		Chevron Corp		25,766,084
	14,251		Cimarex Energy Co		1,483,814
	47,684		Columbia Pipeline Group, Inc		1,391,419
	190,341		ConocoPhillips		9,581,766
	34,624	e	Consol Energy, Inc		571,988
	59,547	*	Devon Energy Corp		2,942,813
	8,978	e	Diamond Offshore Drilling, Inc		197,067
	35,294		Ensco plc		585,174
	85,289		EOG Resources, Inc		6,583,458
	22,943		EQT Corp		1,763,170
	646,202	d	Exxon Mobil Corp		51,185,660
	35,827	*	FMC Technologies, Inc		1,173,693
	132,119		Halliburton Co		5,521,253
	16,802	e	Helmerich & Payne, Inc		970,147
	37,445		Hess Corp		2,209,629
	268,899		Kinder Morgan, Inc		9,314,661
	104,717		Marathon Oil Corp		2,200,104
	84,303		Marathon Petroleum Corp		4,608,845
	25,558		Murphy Oil Corp		838,047
	61,076		National Oilwell Varco, Inc		2,573,132
	25,821	*	Newfield Exploration Co		846,671
	59,743		Noble Energy, Inc		2,104,746
	119,246		Occidental Petroleum Corp		8,371,069
	32,429		Oneok, Inc		1,225,492
	84,188		Phillips 66		6,692,946
	23,041		Pioneer Natural Resources Co		2,920,908
	26,335		Range Resources Corp		1,036,019
	196,036		Schlumberger Ltd		16,235,702
	61,321	*	Southwestern Energy Co		1,140,571
	102,625		Spectra Energy Corp		3,105,432
	19,835		Tesoro Corp		1,930,739
	51,805	e	Transocean Ltd (NYSE)		686,934
	78,673		Valero Energy Corp		5,160,949
	104,243		Williams Cos, Inc		5,470,673
			TOTAL ENERGY		204,609,910
FOOD & STAPLES RETAILING - 2.5%
	68,115		Costco Wholesale Corp		9,897,110
	173,860		CVS Corp		19,554,034

202

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	151,868		Kroger Co	$	5,959,300
	92,191		Sysco Corp		3,347,455
	135,472		Walgreens Boots Alliance, Inc		13,090,659
	243,756		Wal-Mart Stores, Inc		17,545,557
	55,362		Whole Foods Market, Inc		2,015,177
			TOTAL FOOD & STAPLES RETAILING		71,409,292
FOOD, BEVERAGE & TOBACCO - 5.3%
	302,967		Altria Group, Inc		16,475,345
	95,974		Archer Daniels Midland Co		4,551,087
	24,892		Brown-Forman Corp (Class B)		2,698,542
	27,326		Campbell Soup Co		1,347,445
	608,709		Coca-Cola Co		25,005,766
	32,878		Coca-Cola Enterprises, Inc		1,679,408
	65,286		ConAgra Foods, Inc		2,876,501
	25,881		Constellation Brands, Inc (Class A)		3,106,238
	29,412		Dr Pepper Snapple Group, Inc		2,359,431
	90,614		General Mills, Inc		5,274,641
	22,350		Hershey Co		2,076,091
	19,895		Hormel Foods Corp		1,177,983
	14,952		J.M. Smucker Co		1,669,989
	38,046		Kellogg Co		2,517,504
	17,748		Keurig Green Mountain, Inc		1,331,810
	91,894		Kraft Heinz Co		7,302,816
	19,510		McCormick & Co, Inc		1,600,015
	30,634		Mead Johnson Nutrition Co		2,707,739
	24,025		Molson Coors Brewing Co (Class B)		1,709,139
	253,784		Mondelez International, Inc		11,453,272
	22,929	*	Monster Beverage Corp		3,520,748
	229,060		PepsiCo, Inc		22,069,931
	240,596		Philip Morris International, Inc		20,578,176
	63,810		Reynolds American, Inc		5,474,260
	46,112		Tyson Foods, Inc (Class A)		2,045,067
			TOTAL FOOD, BEVERAGE & TOBACCO		152,608,944
HEALTH CARE EQUIPMENT & SERVICES - 5.1%
	228,437		Abbott Laboratories		11,579,471
	53,431		Aetna Inc		6,036,100
	32,380		AmerisourceBergen Corp		3,424,185
	41,496		Anthem, Inc		6,401,588
	12,073		Bard (C.R.), Inc		2,374,155
	84,445		Baxter International, Inc		3,384,556
	32,352		Becton Dickinson & Co		4,922,357
	210,243	*	Boston Scientific Corp		3,645,614
	50,491		Cardinal Health, Inc		4,290,725
	48,046	*	Cerner Corp		3,445,859
	39,945		Cigna Corp		5,754,477
	25,903	*	DaVita, Inc		2,047,114
	21,155		Dentsply International, Inc		1,203,931
	16,366	*	Edwards Lifesciences Corp		2,490,251
	112,919	*	Express Scripts Holding Co		10,170,614
	44,612	*	HCA Holdings, Inc		4,149,362

203

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	13,656	*	Henry Schein, Inc	$	2,020,815
	23,155		Humana, Inc		4,216,294
	5,537	*	Intuitive Surgical, Inc		2,952,162
	16,136	*	Laboratory Corp of America Holdings		2,053,951
	35,514		McKesson Corp		7,833,323
	221,175		Medtronic plc		17,337,908
	14,567		Patterson Cos, Inc		730,681
	22,018		Quest Diagnostics, Inc		1,625,149
	42,539		St. Jude Medical, Inc		3,140,229
	46,570		Stryker Corp		4,762,714
	15,299	*	Tenet Healthcare Corp		861,334
	147,424		UnitedHealth Group, Inc		17,897,274
	13,781		Universal Health Services, Inc (Class B)		2,001,415
	15,435	*	Varian Medical Systems, Inc		1,328,490
	25,521		Zimmer Holdings, Inc		2,655,970
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		146,738,068
HOUSEHOLD & PERSONAL PRODUCTS - 1.8%
	20,450		Clorox Co		2,289,173
	130,728		Colgate-Palmolive Co		8,892,118
	34,342		Estee Lauder Cos (Class A)		3,060,216
	56,111		Kimberly-Clark Corp		6,451,082
	420,229		Procter & Gamble Co		32,231,564
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		52,924,153
INSURANCE - 4.2%
	49,357		ACE Ltd		5,368,561
	68,218		Aflac, Inc		4,369,363
	62,981		Allstate Corp		4,342,540
	207,503		American International Group, Inc		13,305,092
	43,993		Aon plc		4,433,175
	11,051		Assurant, Inc		824,405
	281,875	*	Berkshire Hathaway, Inc (Class B)		40,234,837
	36,274		Chubb Corp		4,509,946
	22,674		Cincinnati Financial Corp		1,251,832
	79,720	*	Genworth Financial, Inc (Class A)		558,837
	63,728		Hartford Financial Services Group, Inc		3,030,266
	39,125		Lincoln National Corp		2,203,520
	46,731		Loews Corp		1,780,918
	84,810		Marsh & McLennan Cos, Inc		4,913,891
	170,077		Metlife, Inc		9,480,092
	41,319		Principal Financial Group		2,293,618
	82,410		Progressive Corp		2,513,505
	68,689		Prudential Financial, Inc		6,069,360
	21,459		Torchmark Corp		1,322,089
	49,377		Travelers Cos, Inc		5,239,887
	38,147		UnumProvident Corp		1,367,189
	49,494		XL Capital Ltd		1,881,762
			TOTAL INSURANCE		121,294,685

204

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
MATERIALS - 2.9%
	29,467		Air Products & Chemicals, Inc	$	4,199,342
	10,271		Airgas, Inc		1,047,847
	189,124		Alcoa, Inc		1,866,654
	13,734		Avery Dennison Corp		835,714
	20,708		Ball Corp		1,404,831
	35,920		CF Industries Holdings, Inc		2,126,464
	167,222		Dow Chemical Co		7,869,467
	140,793		Du Pont (E.I.) de Nemours & Co		7,850,618
	22,643		Eastman Chemical Co		1,775,211
	41,288		Ecolab, Inc		4,781,563
	20,321		FMC Corp		986,381
	161,484		Freeport-McMoRan Copper & Gold, Inc (Class B)		1,897,437
	12,312		International Flavors & Fragrances, Inc		1,423,144
	65,663		International Paper Co		3,143,288
	60,775		LyondellBasell Industries AF S.C.A		5,702,518
	9,376		Martin Marietta Materials, Inc		1,470,344
	73,622		Monsanto Co		7,501,346
	47,432		Mosaic Co		2,036,730
	81,250		Newmont Mining Corp		1,395,063
	48,584		Nucor Corp		2,144,498
	24,844	*	Owens-Illinois, Inc		530,419
	41,132		PPG Industries, Inc		4,457,886
	43,935		Praxair, Inc		5,014,741
	32,097		Sealed Air Corp		1,706,597
	12,768		Sherwin-Williams Co		3,546,440
	19,216		Sigma-Aldrich Corp		2,682,746
	20,294		Vulcan Materials Co		1,847,160
	39,963	*	WestRock Co		2,520,067
			TOTAL MATERIALS		83,764,516
MEDIA - 3.4%
	35,202		Cablevision Systems Corp (Class A)		993,400
	69,071		CBS Corp (Class B)		3,693,226
	388,706		Comcast Corp (Class A)		24,259,141
	23,474	*,e	Discovery Communications, Inc (Class A)		775,112
	40,892	*	Discovery Communications, Inc (Class C)		1,239,028
	62,202		Interpublic Group of Cos, Inc		1,324,903
	75,677	*	News Corp		1,114,722
	37,458		Omnicom Group, Inc		2,737,431
	14,950	e	Scripps Networks Interactive (Class A)		935,571
	34,419		TEGNA, Inc		1,002,625
	44,029		Time Warner Cable, Inc		8,365,950
	127,501		Time Warner, Inc		11,225,188
	274,630		Twenty-First Century Fox, Inc		9,471,989
	56,135		Viacom, Inc (Class B)		3,199,695
	241,326		Walt Disney Co		28,959,120
			TOTAL MEDIA		99,297,101
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 10.4%
	266,126		AbbVie, Inc		18,631,481
	50,430		Agilent Technologies, Inc		2,065,109
	34,746	*	Alexion Pharmaceuticals, Inc		6,860,250
	60,779	*	Allergan plc		20,126,966

205

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	117,622		Amgen, Inc	$	20,770,869
	84,445	*	Baxalta, Inc		2,772,329
	36,383	*	Biogen Idec, Inc		11,598,173
	257,889		Bristol-Myers Squibb Co		16,927,834
	122,716	*	Celgene Corp		16,106,475
	151,156		Eli Lilly & Co		12,774,194
	31,823	*	Endo International plc		2,785,786
	227,404		Gilead Sciences, Inc		26,801,835
	26,716	*	Hospira, Inc		2,389,746
	429,077		Johnson & Johnson		42,997,806
	18,094	*	Mallinckrodt plc		2,242,932
	437,704		Merck & Co, Inc		25,807,028
	63,486	*	Mylan NV		3,554,581
	17,444	*	PerkinElmer, Inc		923,137
	22,554		Perrigo Co plc		4,334,879
	952,331		Pfizer, Inc		34,341,056
	11,570	*	Regeneron Pharmaceuticals, Inc		6,405,846
	60,972		Thermo Electron Corp		8,507,423
	37,507	*	Vertex Pharmaceuticals, Inc		5,063,445
	12,658	*	Waters Corp		1,689,716
	76,897		Zoetis Inc		3,766,415
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		300,245,311
REAL ESTATE - 2.6%
	64,595		American Tower Corp		6,143,631
	25,364		Apartment Investment & Management Co (Class A)		991,225
	20,095		AvalonBay Communities, Inc		3,463,172
	23,105		Boston Properties, Inc		2,848,384
	45,001	*	CBRE Group, Inc		1,708,688
	53,106		Crown Castle International Corp		4,349,913
	8,728		Equinix, Inc		2,434,327
	55,145		Equity Residential		4,125,397
	10,217		Essex Property Trust, Inc		2,297,906
	94,762		General Growth Properties, Inc		2,571,841
	73,824		HCP, Inc		2,852,559
	53,655		Health Care REIT, Inc		3,722,047
	117,208		Host Marriott Corp		2,271,491
	30,478		Iron Mountain, Inc		915,864
	62,885		Kimco Realty Corp		1,553,888
	21,158		Macerich Co		1,674,867
	29,601		Plum Creek Timber Co, Inc		1,213,641
	79,641		Prologis, Inc		3,234,221
	23,095		Public Storage, Inc		4,738,632
	35,189		Realty Income Corp		1,699,277
	48,153		Simon Property Group, Inc		9,015,205
	14,770		SL Green Realty Corp		1,700,618
	53,127		Ventas, Inc		3,564,290
	26,229		Vornado Realty Trust		2,558,639
	79,188		Weyerhaeuser Co		2,430,280
			TOTAL REAL ESTATE		74,080,003

206

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
RETAILING - 5.1%
	10,500		Advance Auto Parts, Inc	$	1,829,205
	59,084	*	Amazon.com, Inc		31,677,887
	11,283	*	Autonation, Inc		703,382
	4,946	*	AutoZone, Inc		3,466,849
	27,300	*	Bed Bath & Beyond, Inc		1,780,779
	44,792		Best Buy Co, Inc		1,446,334
	32,168	*	Carmax, Inc		2,075,158
	45,663		Dollar General Corp		3,669,935
	34,779	*	Dollar Tree, Inc		2,713,805
	15,783		Expedia, Inc		1,916,688
	17,274	e	GameStop Corp (Class A)		792,013
	40,502		Gap, Inc		1,477,513
	23,231		Genuine Parts Co		2,066,397
	201,439		Home Depot, Inc		23,574,406
	30,411		Kohl’s Corp		1,864,803
	38,158		L Brands, Inc		3,080,114
	144,215		Lowe’s Companies, Inc		10,002,752
	51,704		Macy’s, Inc		3,570,678
	65,558	*	NetFlix, Inc		7,493,935
	21,352		Nordstrom, Inc		1,629,371
	15,680	*	O’Reilly Automotive, Inc		3,768,061
	8,033	*	Priceline.com, Inc		9,989,598
	63,437		Ross Stores, Inc		3,372,311
	11,800		Signet Jewelers Ltd		1,430,396
	99,424		Staples, Inc		1,462,527
	99,206		Target Corp		8,120,011
	17,267		Tiffany & Co		1,652,452
	104,473		TJX Companies, Inc		7,294,305
	20,724		Tractor Supply Co		1,917,384
	17,151	*	TripAdvisor, Inc		1,361,446
	15,864	*	Urban Outfitters, Inc		517,484
			TOTAL RETAILING		147,717,979
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.2%
	46,053		Altera Corp		2,286,992
	47,170		Analog Devices, Inc		2,751,426
	187,830		Applied Materials, Inc		3,260,729
	39,861		Avago Technologies Ltd		4,988,206
	84,393		Broadcom Corp (Class A)		4,271,130
	12,155	*	First Solar, Inc		538,466
	733,382		Intel Corp		21,231,409
	24,730		Kla-Tencor Corp		1,311,926
	24,104		Lam Research Corp		1,852,874
	38,013		Linear Technology Corp		1,558,533
	31,588	e	Microchip Technology, Inc		1,353,230
	165,430	*	Micron Technology, Inc		3,062,109
	78,315		Nvidia Corp		1,562,384
	22,838	*	Qorvo, Inc		1,323,462
	29,562		Skyworks Solutions, Inc		2,828,197
	162,124		Texas Instruments, Inc		8,102,958
	41,676		Xilinx, Inc		1,739,973
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		64,024,004

207

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
SOFTWARE & SERVICES - 10.9%
	97,245		Accenture plc	$	10,026,932
	73,538	*	Adobe Systems, Inc		6,029,381
	27,065	*	Akamai Technologies, Inc		2,076,156
	9,526	*	Alliance Data Systems Corp		2,620,031
	35,477	*	Autodesk, Inc		1,794,427
	73,324		Automatic Data Processing, Inc		5,849,056
	48,936		CA, Inc		1,425,750
	25,250	*	Citrix Systems, Inc		1,909,153
	94,765	*	Cognizant Technology Solutions Corp (Class A)		5,979,672
	21,361		Computer Sciences Corp		1,397,650
	169,936	*	eBay, Inc		4,778,600
	47,926	*	Electronic Arts, Inc		3,429,105
	325,701	*	Facebook, Inc		30,619,151
	42,376		Fidelity National Information Services, Inc		2,772,662
	36,315	*	Fiserv, Inc		3,154,321
	44,421	*	Google, Inc		27,790,222
	44,290	*	Google, Inc (Class A)		29,120,675
	141,968		International Business Machines Corp		22,997,396
	42,805		Intuit, Inc		4,527,485
	149,982		Mastercard, Inc (Class A)		14,608,247
	1,250,394		Microsoft Corp		58,393,400
	493,163		Oracle Corp		19,696,930
	50,566		Paychex, Inc		2,346,262
	169,936	*	PayPal Holdings, Inc		6,576,523
	28,868	*	Red Hat, Inc		2,282,881
	93,655	*	Salesforce.com, Inc		6,864,912
	103,903		Symantec Corp		2,362,754
	21,877	*,e	Teradata Corp		811,855
	25,556		Total System Services, Inc		1,181,198
	16,017	*,e	VeriSign, Inc		1,136,246
	299,567		Visa, Inc (Class A)		22,569,378
	79,834		Western Union Co		1,615,840
	163,055		Xerox Corp		1,796,866
	134,734	*	Yahoo!, Inc		4,940,696
			TOTAL SOFTWARE & SERVICES		315,481,813
TECHNOLOGY HARDWARE & EQUIPMENT - 6.6%
	48,263		Amphenol Corp (Class A)		2,722,516
	890,462		Apple, Inc		108,013,041
	787,032		Cisco Systems, Inc		22,367,449
	193,239		Corning, Inc		3,609,704
	299,864		EMC Corp		8,063,343
	11,554	*	F5 Networks, Inc		1,549,854
	20,756		Flir Systems, Inc		639,077
	19,132		Harris Corp		1,586,808
	280,281		Hewlett-Packard Co		8,554,176
	54,634		Juniper Networks, Inc		1,552,698
	29,956		Motorola, Inc		1,802,153
	46,926		NetApp, Inc		1,461,745
	252,925		Qualcomm, Inc		16,285,841

208

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	32,178		SanDisk Corp	$	1,940,012
	49,718	e	Seagate Technology, Inc		2,515,731
	63,987		TE Connectivity Ltd		3,898,088
	33,681		Western Digital Corp		2,898,587
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		189,460,823
TELECOMMUNICATION SERVICES - 2.4%
	951,601		AT&T, Inc		33,058,622
	85,914		CenturyTel, Inc		2,457,140
	177,269	e	Frontier Communications Corp		836,710
	46,165	*	Level 3 Communications, Inc		2,331,333
	630,199		Verizon Communications, Inc		29,487,011
			TOTAL TELECOMMUNICATION SERVICES		68,170,816
TRANSPORTATION - 2.1%
	106,769		American Airlines Group, Inc		4,281,437
	23,202		CH Robinson Worldwide, Inc		1,627,620
	151,565		CSX Corp		4,740,953
	128,012		Delta Air Lines, Inc		5,676,052
	30,794		Expeditors International of Washington, Inc		1,443,315
	40,916		FedEx Corp		7,013,821
	13,500		J.B. Hunt Transport Services, Inc		1,135,620
	17,471		Kansas City Southern Industries, Inc		1,732,948
	46,851		Norfolk Southern Corp		3,950,945
	7,693		Ryder System, Inc		696,370
	102,434		Southwest Airlines Co		3,708,111
	135,843		Union Pacific Corp		13,256,918
	107,174		United Parcel Service, Inc (Class B)		10,970,331
			TOTAL TRANSPORTATION		60,234,441
UTILITIES - 2.9%
	103,934		AES Corp		1,330,355
	19,628		AGL Resources, Inc		943,714
	41,095		Ameren Corp		1,688,183
	74,197		American Electric Power Co, Inc		4,197,324
	65,431		Centerpoint Energy, Inc		1,265,435
	40,619		CMS Energy Corp		1,391,607
	46,932		Consolidated Edison, Inc		2,984,406
	93,022		Dominion Resources, Inc		6,669,677
	26,749		DTE Energy Co		2,152,225
	106,940		Duke Energy Corp		7,937,087
	49,051		Edison International		2,943,550
	27,284		Entergy Corp		1,937,710
	47,805		Eversource Energy		2,376,865
	131,686		Exelon Corp		4,225,804
	64,399		FirstEnergy Corp		2,186,990
	69,659		NextEra Energy, Inc		7,328,127
	47,684		NiSource, Inc		832,563
	54,667		NRG Energy, Inc		1,227,274
	42,497		Pepco Holdings, Inc		1,133,820
	72,974		PG&E Corp		3,831,865
	18,819		Pinnacle West Capital Corp		1,161,320

209

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	102,207		PPL Corp	$	3,251,205
	76,175		Public Service Enterprise Group, Inc		3,174,212
	24,012		SCANA Corp		1,315,858
	34,987		Sempra Energy		3,560,977
	138,288		Southern Co		6,185,622
	36,811		TECO Energy, Inc		814,259
	50,281	*	WEC Energy Group, Inc		2,463,769
	76,084		Xcel Energy, Inc		2,637,832
			TOTAL UTILITIES		83,149,635
			TOTAL COMMON STOCKS		2,878,560,720
			(Cost $2,027,940,316)
SHORT-TERM INVESTMENTS - 0.8%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.8%
	22,640,339	c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust		22,640,339
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		22,640,339
			TOTAL SHORT-TERM INVESTMENTS		22,640,339
			(Cost $22,640,339)
			TOTAL INVESTMENTS - 100.6%		2,901,201,059
			(Cost $2,050,580,655)
			OTHER ASSETS & LIABILITIES, NET - (0.6)%		(16,210,245	)
			NET ASSETS - 100.0%	$	2,884,990,814

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.
d	All or a portion of these securities have been segregated by the custodian 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 $19,241,168.

210

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

TIAA-CREF FUNDS

SMALL-CAP BLEND INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.6%
AUTOMOBILES & COMPONENTS - 1.1%
	76,485	*	American Axle & Manufacturing Holdings, Inc	$	1,528,170
	56,881		Cooper Tire & Rubber Co		1,873,091
	13,258	*	Cooper-Standard Holding, Inc		852,489
	160,369		Dana Holding Corp		2,976,449
	26,060	*,e	Dorman Products, Inc		1,375,447
	23,523		Drew Industries, Inc		1,379,859
	31,308	*	Federal Mogul Corp (Class A)		350,650
	17,196	*	Fox Factory Holding Corp		273,072
	35,469	*	Gentherm, Inc		1,785,155
	17,662	*	Horizon Global Corp		221,128
	11,086		Metaldyne Performance Group, Inc		207,752
	46,692	*	Modine Manufacturing Co		472,990
	17,521	*	Motorcar Parts of America, Inc		519,147
	27,913		Remy International, Inc		826,225
	20,057		Standard Motor Products, Inc		733,485
	27,332	*	Stoneridge, Inc		332,630
	3,596		Strattec Security Corp		252,763
	22,475		Superior Industries International, Inc		380,277
	60,313	*	Tenneco, Inc		3,004,191
	21,226	*	Tower International, Inc		554,635
	26,301	e	Winnebago Industries, Inc		587,301
			TOTAL AUTOMOBILES & COMPONENTS		20,486,906
BANKS - 10.5%
	14,482		1st Source Corp		492,243
	7,055	e	Access National Corp		136,938
	8,079		American National Bankshares, Inc		191,311
	31,415		Ameris Bancorp		848,519
	9,067	e	Ames National Corp		219,784
	7,221	*	Anchor BanCorp Wisconsin, Inc		267,249
	32,924		Apollo Residential Mortgage		476,740
	9,602		Arrow Financial Corp		264,439
	87,731		Astoria Financial Corp		1,326,493
	35,533		Banc of California, Inc		431,015
	7,212		Bancfirst Corp		458,755
	29,328		Banco Latinoamericano de Exportaciones S.A. (Class E)		807,107
	95,093		Bancorpsouth, Inc		2,403,000
	46,663		Bank Mutual Corp		339,240
	6,082		Bank of Marin Bancorp		296,011
	74,481		Bank of the Ozarks, Inc		3,286,102
	15,759		BankFinancial Corp		190,526
	20,632		Banner Corp		983,321
	5,605		Bar Harbor Bankshares		192,251
	77,812		BBCN Bancorp, Inc		1,194,414

211

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	2,604	*,e	BBX Capital Corp	$	41,586
	13,041	*	Bear State Financial, Inc		119,325
	81,153	*	Beneficial Bancorp, Inc		1,043,628
	28,764		Berkshire Hills Bancorp, Inc		837,032
	27,313	*	Blue Hills Bancorp, Inc		394,400
	27,909		BNC Bancorp		628,511
	15,490	*,e	BofI Holding, Inc		1,902,946
	81,040		Boston Private Financial Holdings, Inc		1,019,483
	12,122		Bridge Bancorp, Inc		313,475
	69,647		Brookline Bancorp, Inc		784,922
	17,382		Bryn Mawr Bank Corp		501,297
	7,742	*	BSB Bancorp, Inc		162,117
	5,661	*,e	C1 Financial, Inc		108,974
	7,322		Camden National Corp		294,784
	21,945	*	Capital Bank Financial Corp		657,692
	10,709		Capital City Bank Group, Inc		165,347
	137,764		Capitol Federal Financial		1,655,923
	31,588		Cardinal Financial Corp		737,896
	31,440	*	Cascade Bancorp		162,230
	78,731		Cathay General Bancorp		2,528,052
	44,381		Centerstate Banks of Florida, Inc		618,671
	22,245		Central Pacific Financial Corp		518,086
	3,258		Century Bancorp, Inc		135,696
	16,272		Charter Financial Corp		197,542
	33,010		Chemical Financial Corp		1,087,679
	10,246		Citizens & Northern Corp		202,256
	15,058	e	City Holding Co		726,097
	26,018		Clifton Bancorp, Inc		353,845
	13,729		CNB Financial Corp		238,610
	35,823		CoBiz, Inc		458,176
	57,452		Columbia Banking System, Inc		1,883,851
	39,829	e	Community Bank System, Inc		1,522,663
	13,909		Community Trust Bancorp, Inc		486,954
	10,837	*	CommunityOne Bancorp		118,882
	28,969		ConnectOne Bancorp, Inc		618,778
	10,621	*	CU Bancorp		235,680
	27,401	*	Customers Bancorp, Inc		689,135
	104,800		CVB Financial Corp		1,856,008
	30,447		Dime Community Bancshares		517,599
	29,211	*	Eagle Bancorp, Inc		1,296,968
	7,076		Enterprise Bancorp, Inc		155,460
	19,421		Enterprise Financial Services Corp		468,629
	51,385	*	Essent Group Ltd		1,504,039
	95,332		EverBank Financial Corp		1,900,920
	7,391	*	Farmers Capital Bank Corp		189,062
	26,901	*	FCB Financial Holdings, Inc		934,272
	10,182		Federal Agricultural Mortgage Corp (Class C)		272,368
	16,594		Fidelity Southern Corp		322,587
	13,827		Financial Institutions, Inc		339,315
	16,902		First Bancorp (NC)		288,517
	114,195	*	First Bancorp (Puerto Rico)		492,180
	10,483		First Bancorp, Inc		199,282

212

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	81,105		First Busey Corp	$	516,639
	4,032		First Business Financial Services, Inc		176,400
	7,961		First Citizens Bancshares, Inc (Class A)		2,040,723
	86,829		First Commonwealth Financial Corp		798,827
	15,815		First Community Bancshares, Inc		281,349
	16,091		First Connecticut Bancorp		259,387
	9,327		First Defiance Financial Corp		358,623
	59,479		First Financial Bancorp		1,130,696
	62,938	e	First Financial Bankshares, Inc		2,138,633
	10,909		First Financial Corp		361,961
	19,038		First Interstate Bancsystem, Inc		527,924
	36,366		First Merchants Corp		946,607
	76,463		First Midwest Bancorp, Inc		1,435,211
	14,845	*	First NBC Bank Holding Co		567,079
	12,135		First of Long Island Corp		330,557
	163,216		FirstMerit Corp		3,058,668
	20,053	*	Flagstar Bancorp, Inc		407,076
	29,148		Flushing Financial Corp		605,112
	174,170		FNB Corp		2,401,804
	9,476		Fox Chase Bancorp, Inc		161,755
	6,096	*,e	Franklin Financial Network, Inc		153,863
	172,322		Fulton Financial Corp		2,233,293
	13,350		German American Bancorp, Inc		388,618
	74,436		Glacier Bancorp, Inc		2,091,652
	10,484		Great Southern Bancorp, Inc		435,086
	40,499		Great Western Bancorp, Inc		1,063,504
	9,861	*	Green Bancorp, Inc		134,800
	14,000		Guaranty Bancorp		224,420
	29,360	*,e	Hampton Roads Bankshares, Inc		61,656
	76,759		Hancock Holding Co		2,242,898
	31,159		Hanmi Financial Corp		788,634
	17,387		Heartland Financial USA, Inc		655,142
	20,541		Heritage Commerce Corp		227,800
	30,598		Heritage Financial Corp		541,585
	21,368		Heritage Oaks Bancorp		170,089
	75,013	*	Hilltop Holdings, Inc		1,579,024
	1,287		Hingham Institution for Savings		155,740
	56,254		Home Bancshares, Inc		2,240,034
	21,697		HomeStreet, Inc		490,569
	19,712	*	HomeTrust Bancshares, Inc		337,864
	8,976		Horizon Bancorp		217,758
	37,601		IBERIABANK Corp		2,427,145
	9,588	*	Impac Mortgage Holdings, Inc		209,690
	25,720		Independent Bank Corp (MA)		1,243,819
	21,819		Independent Bank Corp (MI)		311,139
	9,302		Independent Bank Group, Inc		413,753
	53,282		International Bancshares Corp		1,434,884
	340,111		Investors Bancorp, Inc		4,142,552
	91,104	*	Kearny Financial Corp		1,015,810
	38,822		Ladder Capital Corp		609,894
	37,394		Lakeland Bancorp, Inc		422,552
	16,299		Lakeland Financial Corp		693,359

213

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	46,397		LegacyTexas Financial Group, Inc	$	1,410,005
	5,812	*	LendingTree, Inc		481,931
	21,309		MainSource Financial Group, Inc		466,454
	73,969		MB Financial, Inc		2,522,343
	17,088		Mercantile Bank Corp		352,013
	4,839		Merchants Bancshares, Inc		152,912
	53,596	*	Meridian Bancorp, Inc		698,892
	6,775		Meta Financial Group, Inc		342,544
	335,007	*	MGIC Investment Corp		3,708,528
	7,676		MidWestOne Financial Group, Inc		248,626
	36,012		National Bank Holdings Corp		779,300
	6,531	e	National Bankshares, Inc		198,869
	5,763	*,e	National Commerce Corp		151,567
	138,163		National Penn Bancshares, Inc		1,481,107
	39,650	*,e	Nationstar Mortgage Holdings, Inc		735,507
	43,313		NBT Bancorp, Inc		1,170,750
	35,045		NewBridge Bancorp		308,746
	48,071	*	NMI Holdings, Inc		384,568
	46,440		Northfield Bancorp, Inc		699,386
	92,154	e	Northwest Bancshares, Inc		1,169,434
	12,998		OceanFirst Financial Corp		227,855
	106,712	*,e	Ocwen Financial Corp		899,582
	46,066	e	OFG Bancorp		371,292
	114,112		Old National Bancorp		1,642,072
	27,653	*	Old Second Bancorp, Inc		180,021
	10,165		Opus Bank		397,960
	42,876		Oritani Financial Corp		673,582
	16,293		Pacific Continental Corp		216,371
	21,126	*	Pacific Premier Bancorp, Inc		401,605
	3,918		Palmetto Bancshares, Inc		77,537
	12,982	e	Park National Corp		1,137,223
	45,156		Park Sterling Bank		326,929
	15,207		Peapack Gladstone Financial Corp		337,595
	4,955		Penns Woods Bancorp, Inc		212,768
	11,815		Pennsylvania Commerce Bancorp, Inc		289,113
	12,923	*	PennyMac Financial Services, Inc		235,586
	15,293		Peoples Bancorp, Inc		321,765
	7,171	e	Peoples Financial Services Corp		281,677
	35,260		Pinnacle Financial Partners, Inc		1,871,953
	11,131		Preferred Bank		350,849
	77,287		PrivateBancorp, Inc		3,195,045
	68,824		Prosperity Bancshares, Inc		3,757,102
	64,252		Provident Financial Services, Inc		1,260,624
	11,024		QCR Holdings, Inc		237,677
	189,455	e	Radian Group, Inc		3,497,339
	39,385		Renasant Corp		1,266,228
	10,205		Republic Bancorp, Inc (Class A)		256,656
	33,755		S&T Bancorp, Inc		1,043,705
	24,138		Sandy Spring Bancorp, Inc		659,933
	29,398	*	Seacoast Banking Corp of Florida		439,500
	21,719	e	ServisFirst Bancshares, Inc		843,566
	10,766		Sierra Bancorp		178,716

214

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	29,106		Simmons First National Corp (Class A)	$	1,322,868
	23,874		South State Corp		1,855,487
	24,693	e	Southside Bancshares, Inc		674,613
	19,098		Southwest Bancorp, Inc		334,788
	16,457	*	Square  Financial, Inc		443,845
	34,872		State Bank & Trust Co		706,158
	117,549		Sterling Bancorp/DE		1,750,305
	14,925		Stock Yards Bancorp, Inc		550,135
	10,170		Stonegate Bank		312,931
	14,162	*,e	Stonegate Mortgage Corp		135,530
	11,789		Suffolk Bancorp		339,759
	9,082	*	Sun Bancorp, Inc		189,723
	53,015		Talmer Bancorp Inc		864,144
	7,366		Territorial Bancorp, Inc		186,433
	45,904	*	Texas Capital Bancshares, Inc		2,705,582
	33,148	*	The Bancorp, Inc		276,786
	14,715		Tompkins Trustco, Inc		795,346
	44,352	e	TowneBank		782,813
	22,289		Trico Bancshares		552,544
	20,766	*	Tristate Capital Holdings, Inc		262,275
	13,923	*	Triumph Bancorp, Inc		195,757
	94,318		Trustco Bank Corp NY		587,601
	66,496		Trustmark Corp		1,598,564
	40,510		UMB Financial Corp		2,220,758
	216,731		Umpqua Holdings Corp		3,844,808
	44,139		Union Bankshares Corp		1,089,351
	68,565	e	United Bankshares, Inc		2,778,939
	54,039		United Community Banks, Inc		1,127,794
	48,476		United Community Financial Corp		250,136
	49,343		United Financial Bancorp, Inc (New)		665,637
	15,706		Univest Corp of Pennsylvania		313,021
	229,250		Valley National Bancorp		2,274,160
	26,981	*	Walker & Dunlop, Inc		646,195
	92,442		Washington Federal, Inc		2,152,050
	14,276		Washington Trust Bancorp, Inc		567,757
	29,898		Waterstone Financial, Inc		385,983
	87,857		Webster Financial Corp		3,396,552
	37,519		WesBanco, Inc		1,246,381
	15,179		West Bancorporation, Inc		296,446
	26,075	e	Westamerica Bancorporation		1,277,154
	86,207	*	Western Alliance Bancorp		2,916,383
	69,454		Wilshire Bancorp, Inc		807,055
	46,719		Wintrust Financial Corp		2,519,088
	27,576		WSFS Financial Corp		791,707
	24,462	*	Yadkin Financial Corp		524,955
			TOTAL BANKS		191,627,747
CAPITAL GOODS - 7.3%
	40,902		Aaon, Inc		907,615
	34,624		AAR Corp		933,117
	40,256	*	Accuride Corp		163,842
	58,072		Actuant Corp (Class A)		1,339,140

215

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	32,824	e	Advanced Drainage Systems, Inc	$	913,492
	36,336	*	Aegion Corp		718,363
	61,543	*,e	Aerojet Rocketdyne Holdings, Inc		1,440,722
	21,768	*	Aerovironment, Inc		567,274
	61,906		Aircastle Ltd		1,490,077
	9,655		Alamo Group, Inc		507,274
	27,616		Albany International Corp (Class A)		1,027,868
	6,660		Allied Motion Technologies, Inc		140,792
	26,178		Altra Holdings, Inc		664,921
	19,600	*	Ameresco, Inc		135,240
	9,211	e	American Railcar Industries, Inc		367,979
	7,186		American Science & Engineering, Inc		321,142
	12,743	*	American Woodmark Corp		837,980
	28,481		Apogee Enterprises, Inc		1,571,582
	39,152		Applied Industrial Technologies, Inc		1,512,442
	12,958		Argan, Inc		503,807
	97,927	*	ArvinMeritor, Inc		1,378,812
	18,115		Astec Industries, Inc		712,101
	18,681	*	Astronics Corp		1,158,222
	25,138		AZZ, Inc		1,300,891
	53,414		Barnes Group, Inc		2,079,407
	48,985	*	Beacon Roofing Supply, Inc		1,714,475
	47,474	*	Blount International, Inc		396,883
	5,094	*,e	Blue Bird Corp		66,782
	43,520		Briggs & Stratton Corp		804,250
	45,761	*	Builders FirstSource, Inc		688,245
	16,619	*	CAI International, Inc		233,663
	30,495	*	Chart Industries, Inc		832,513
	16,732		CIRCOR International, Inc		800,292
	49,322		Clarcor, Inc		2,967,705
	19,970		Columbus McKinnon Corp		468,496
	37,168		Comfort Systems USA, Inc		1,027,324
	29,403	*	Commercial Vehicle Group, Inc		173,772
	30,674	*	Continental Building Products Inc		651,516
	21,139		Cubic Corp		937,937
	46,746		Curtiss-Wright Corp		3,149,278
	71,130	*	DigitalGlobe, Inc		1,506,533
	22,415		Douglas Dynamics, Inc		459,956
	10,767	*	Ducommun, Inc		257,870
	12,479	*	DXP Enterprises, Inc		457,979
	33,609	*	Dycom Industries, Inc		2,220,211
	61,649		EMCOR Group, Inc		2,948,672
	20,663		Encore Wire Corp		709,361
	43,367		EnerSys		2,708,269
	17,843		Engility Holdings, Inc		390,940
	26,832	*,e	Enphase Energy, Inc		158,577
	22,395		EnPro Industries, Inc		1,134,979
	28,283		ESCO Technologies, Inc		1,076,734
	30,703	*	Esterline Technologies Corp		2,722,128
	60,919		Federal Signal Corp		911,348
	47,943		Franklin Electric Co, Inc		1,383,635
	11,886		Freightcar America, Inc		228,924

216

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	247,020	*,e	FuelCell Energy, Inc	$	207,941
	36,582	*	Furmanite Corp		238,515
	68,056	*,e	Generac Holdings, Inc		2,386,724
	47,839		General Cable Corp		780,732
	31,408	*	Gibraltar Industries, Inc		601,149
	20,984		Global Brass & Copper Holdings, Inc		353,580
	19,926		Gorman-Rupp Co		510,903
	122,336	*	GrafTech International Ltd		615,350
	9,437		Graham Corp		178,171
	38,353		Granite Construction, Inc		1,304,769
	58,993	*	Great Lakes Dredge & Dock Corp		299,094
	26,592	e	Greenbrier Cos, Inc		1,216,584
	34,300		Griffon Corp		591,332
	30,426		H&E Equipment Services, Inc		545,842
	79,639		Harsco Corp		1,094,240
	19,231	*,e	HC2 Holdings, Inc		150,002
	19,010		HEICO Corp		1,042,318
	39,150		HEICO Corp (Class A)		1,775,844
	61,360		Hillenbrand, Inc		1,740,170
	6,745		Hurco Cos, Inc		211,118
	9,251		Hyster-Yale Materials Handling, Inc		626,015
	17,354		Insteel Industries, Inc		283,564
	28,500		John Bean Technologies Corp		1,038,825
	10,874		Kadant, Inc		495,746
	27,326		Kaman Corp		1,078,557
	32,908	*,e	KEYW Holding Corp		267,542
	51,438	*	KLX, Inc		2,020,485
	43,981	*	Kratos Defense & Security Solutions, Inc		240,136
	5,643	*	Lawson Products, Inc		154,392
	9,107		LB Foster Co (Class A)		267,290
	11,518	e	Lindsay Manufacturing Co		966,015
	20,502		LSI Industries, Inc		204,200
	16,831	*	Lydall, Inc		500,049
	29,740	*	Masonite International Corp		2,054,142
	66,368	*	Mastec, Inc		1,223,162
	11,012		Miller Industries, Inc		192,820
	37,769	*	Moog, Inc (Class A)		2,525,235
	101,941	*	MRC Global, Inc		1,309,942
	56,285		Mueller Industries, Inc		1,821,945
	157,466		Mueller Water Products, Inc (Class A)		1,406,171
	21,221	*	MYR Group, Inc		637,479
	4,787	e	National Presto Industries, Inc		378,939
	50,858	*,e	Navistar International Corp		892,049
	27,481	*	NCI Building Systems, Inc		355,879
	10,582	*	Neff Corp		87,196
	24,685		NN, Inc		563,559
	9,116	*	Nortek, Inc		743,774
	9,379	*	Northwest Pipe Co		169,291
	5,043	*	NV5 Holdings, Inc		121,990
	2,779		Omega Flex, Inc		90,179
	21,150	*	Orion Marine Group, Inc		153,126
	12,117	*	Patrick Industries, Inc		436,697

217

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	36,616	*	Perini Corp	$	766,373
	47,234	*	Pgt, Inc		759,050
	169,331	*,e	Plug Power, Inc		438,567
	22,422	*	Ply Gem Holdings, Inc		323,998
	44,296	*	Polypore International, Inc		2,663,076
	7,427		Powell Industries, Inc		221,622
	4,499	*,e	Power Solutions International, Inc		186,619
	22,262	*	PowerSecure International, Inc		337,047
	2,540		Preformed Line Products Co		87,528
	37,795		Primoris Services Corp		685,979
	24,337	*,e	Proto Labs, Inc		1,834,280
	33,919		Quanex Building Products Corp		681,094
	37,492		Raven Industries, Inc		728,470
	22,812		RBC Bearings, Inc		1,545,513
	99,539	*	Rexnord Corp		2,110,227
	34,488	*	Rush Enterprises, Inc (Class A)		879,099
	41,080		Simpson Manufacturing Co, Inc		1,471,486
	9,657	*	Sparton Corp		230,416
	12,644		Standex International Corp		946,277
	14,932	*	Stock Building Supply Holdings, Inc		289,382
	21,191		Sun Hydraulics Corp		750,585
	33,219	e	TAL International Group, Inc		657,736
	49,838	*,e	Taser International, Inc		1,356,590
	34,462	*	Teledyne Technologies, Inc		3,572,676
	18,735		Tennant Co		1,120,540
	21,570	e	Textainer Group Holdings Ltd		488,776
	5,337	*,e	The ExOne Company		51,609
	32,109	*	Thermon Group Holdings		774,790
	42,057	e	Titan International, Inc		392,812
	16,874	*,e	Titan Machinery, Inc		237,080
	31,275	*	Trex Co, Inc		1,418,947
	44,157	*	Trimas Corp		1,037,689
	5,845		Twin Disc, Inc		94,104
	19,609		Universal Forest Products, Inc		1,245,171
	10,148	*	Vectrus, Inc		235,434
	7,964	*	Veritiv Corp		296,739
	16,534	*,e	Vicor Corp		172,119
	67,217	*	Wabash National Corp		923,562
	27,743		Watts Water Technologies, Inc (Class A)		1,538,627
	64,499		Woodward Governor Co		3,183,671
	10,800	*	Xerium Technologies, Inc		183,276
			TOTAL CAPITAL GOODS		132,952,754
COMMERCIAL & PROFESSIONAL SERVICES - 3.5%
	54,632		ABM Industries, Inc		1,800,671
	49,848	e	Acacia Research (Acacia Technologies)		469,070
	110,371	*	ACCO Brands Corp		902,835
	18,915		Administaff, Inc		951,046
	43,505	*	Advisory Board Co		2,605,949
	21,718		American Ecology Corp		996,639
	40,180	*	ARC Document Solutions, Inc		277,644
	6,953		Barrett Business Services, Inc		287,854

218

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	46,578		Brady Corp (Class A)	$	1,095,515
	48,263		Brink’s Co		1,507,253
	38,853	*	Casella Waste Systems, Inc (Class A)		246,717
	47,794	*,e	CBIZ, Inc		468,381
	14,084		CDI Corp		170,557
	32,834		CEB, Inc		2,512,458
	21,799	e	Ceco Environmental Corp		196,191
	109,069	*	Civeo Corp		233,408
	9,022	*	CRA International, Inc		210,573
	49,292		Deluxe Corp		3,175,884
	25,140		Ennis, Inc		421,849
	37,366		Essendant, Inc		1,375,816
	27,653		Exponent, Inc		1,230,282
	11,828	*	Franklin Covey Co		223,667
	40,576	*	FTI Consulting, Inc		1,660,370
	19,548		G & K Services, Inc (Class A)		1,281,567
	12,748	*	GP Strategies Corp		365,740
	69,721	e	Healthcare Services Group		2,433,960
	18,314		Heidrick & Struggles International, Inc		400,527
	13,051	*	Heritage-Crystal Clean, Inc		167,705
	59,014		Herman Miller, Inc		1,654,753
	35,918	*	Hill International, Inc		171,688
	43,371		HNI Corp		2,150,768
	22,610	*	Huron Consulting Group, Inc		1,728,987
	19,123	*	ICF International, Inc		701,049
	162,243	*	ICO Global Communications Holdings Ltd		223,895
	36,082	*	Innerworkings, Inc		270,615
	65,437		Interface, Inc		1,699,399
	28,819		Kelly Services, Inc (Class A)		430,556
	24,234		Kforce, Inc		566,349
	33,556		Kimball International, Inc (Class B)		379,854
	47,563		Knoll, Inc		1,151,025
	49,136		Korn/Ferry International		1,645,073
	32,488		Matthews International Corp (Class A)		1,749,479
	26,961		McGrath RentCorp		683,731
	16,925	*	Mistras Group, Inc		304,481
	44,742		Mobile Mini, Inc		1,661,270
	28,637		MSA Safety, Inc		1,479,101
	12,158		Multi-Color Corp		776,410
	47,061	*	Navigant Consulting, Inc		739,799
	5,347		NL Industries, Inc		35,985
	51,069	*	On Assignment, Inc		1,956,964
	28,424		Quad		467,575
	37,216		Resources Connection, Inc		589,129
	53,520	*	RPX Corp		828,490
	16,304	*	SP Plus Corp		426,350
	81,260		Steelcase, Inc (Class A)		1,450,491
	20,252	*	Team, Inc		878,937
	58,533		Tetra Tech, Inc		1,559,319
	15,661	*	TRC Cos, Inc		150,346
	41,085	*	TriNet Group, Inc		1,104,365
	40,927	*	TrueBlue, Inc		1,054,279

219

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	14,492		Unifirst Corp	$	1,606,003
	19,566		Viad Corp		560,957
	9,292	*,e	Volt Information Sciences, Inc		89,482
	4,151		VSE Corp		196,757
	35,445	*	WageWorks, Inc		1,770,478
	50,890		West Corp		1,468,176
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		64,032,493
CONSUMER DURABLES & APPAREL - 2.8%
	12,479		Arctic Cat, Inc		357,024
	10,215		Bassett Furniture Industries, Inc		334,950
	28,010	*	Beazer Homes USA, Inc		537,232
	22,204	*	Black Diamond, Inc		210,827
	76,895		Callaway Golf Co		704,358
	8,892	*	Cavco Industries, Inc		649,827
	14,885	*,e	Century Communities, Inc		300,677
	8,692	*	Cherokee, Inc		243,984
	26,748		Columbia Sportswear Co		1,913,552
	76,715	*,e	CROCS, Inc		1,206,727
	9,477		CSS Industries, Inc		269,052
	9,636		Culp, Inc		291,489
	34,511	*	Deckers Outdoor Corp		2,515,162
	9,865		Escalade, Inc		170,270
	24,832	e	Ethan Allen Interiors, Inc		749,678
	5,207		Flexsteel Industries, Inc		207,863
	39,240	*	G-III Apparel Group Ltd		2,834,305
	14,435	*,e	Green Brick Partners, Inc		174,086
	26,938	*	Helen of Troy Ltd		2,364,618
	9,978		Hooker Furniture Corp		248,951
	126,782	*,e	Hovnanian Enterprises, Inc (Class A)		256,100
	48,463	*,e	Iconix Brand Group, Inc		1,053,101
	19,435	*	Installed Building Products Inc		528,049
	29,735	*,e	iRobot Corp		915,541
	18,424	*,e	Jakks Pacific, Inc		181,476
	5,339		Johnson Outdoors, Inc		112,653
	82,550	e	KB Home		1,319,149
	49,934		La-Z-Boy, Inc		1,268,324
	14,190	*,e	LGI Homes, Inc		277,273
	21,325		Libbey, Inc		793,503
	11,087		Lifetime Brands, Inc		161,205
	24,257	*,e	M/I Homes, Inc		608,366
	17,373	*	Malibu Boats Inc		335,473
	7,893		Marine Products Corp		49,173
	38,585	e	MDC Holdings, Inc		1,152,148
	38,831	*	Meritage Homes Corp		1,751,278
	15,730		Movado Group, Inc		398,441
	4,040		Nacco Industries, Inc (Class A)		205,111
	30,988	*	Nautilus, Inc		654,776
	8,913	*	New Home Co Inc		151,254
	14,575		Oxford Industries, Inc		1,223,280
	44,256	*	Performance Sports Group Ltd		726,684
	12,107	*	Perry Ellis International, Inc		291,658

220

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	42,456		Pool Corp	$	2,989,752
	46,524		Ryland Group, Inc		2,115,446
	25,823	*,e	Sequential Brands Group, Inc		457,842
	23,235	*	Skullcandy, Inc		169,848
	53,379	*,e	Smith & Wesson Holding Corp		865,807
	143,477	*	Standard-Pacific Corp		1,289,858
	53,031	*	Steven Madden Ltd		2,210,332
	18,300		Sturm Ruger & Co, Inc		1,098,366
	7,215		Superior Uniform Group, Inc		138,744
	31,673	*	Taylor Morrison Home Corp		609,705
	159,055	*	TRI Pointe Homes, Inc		2,354,014
	55,918	*	Tumi Holdings, Inc		1,076,422
	14,745	*	Unifi, Inc		455,031
	15,460	*	Universal Electronics, Inc		801,446
	21,621	*,e	Vera Bradley, Inc		234,804
	15,051	*	Vince Holding Corp		147,650
	15,105	*	WCI Communities, Inc		381,250
	6,440		Weyco Group, Inc		185,858
	19,491	*	William Lyon Homes, Inc		465,055
	101,516		Wolverine World Wide, Inc		2,976,449
	30,015	*	Zagg, Inc		233,217
			TOTAL CONSUMER DURABLES & APPAREL		51,955,544
CONSUMER SERVICES - 4.6%
	23,357	*	2U, Inc		749,526
	16,699	*	American Public Education, Inc		432,003
	93,273	*	Apollo Group, Inc (Class A)		1,194,827
	13,283	*	Ascent Media Corp (Series A)		518,435
	96,334	*	Belmond Ltd.		1,166,605
	21,171	*	BJ’s Restaurants, Inc		1,091,577
	122,344		Bloomin’ Brands, Inc		2,849,392
	23,054		Bob Evans Farms, Inc		1,150,856
	8,102	*,e	Bojangles’, Inc		202,469
	79,070	*	Boyd Gaming Corp		1,351,306
	15,264	*	Bravo Brio Restaurant Group, Inc		198,279
	15,511	*	Bridgepoint Education, Inc		146,114
	37,165	*	Bright Horizons Family Solutions		2,238,820
	18,879	*	Buffalo Wild Wings, Inc		3,692,355
	45,166	*,e	Caesars Acquisition Co		294,031
	58,150	*,e	Caesars Entertainment Corp		302,961
	12,574	*	Cambium Learning Group, Inc		59,098
	11,908		Capella Education Co		613,381
	66,139	*	Career Education Corp		210,322
	16,764		Carriage Services, Inc		402,839
	35,305	*	Carrols Restaurant Group, Inc		389,061
	48,035		Cheesecake Factory		2,773,541
	73,819	*,e	Chegg, Inc		613,436
	13,114		Churchill Downs, Inc		1,771,177
	16,184	*,e	Chuy’s Holdings, Inc		459,787
	43,456		ClubCorp Holdings, Inc		1,013,394
	6,913		Collectors Universe		139,366
	18,202	e	Cracker Barrel Old Country Store, Inc		2,764,702

221

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	22,281	*	Dave & Buster’s Entertainment, Inc	$	864,503
	23,278	*	Del Frisco’s Restaurant Group, Inc		371,284
	83,503	*	Denny’s Corp		981,995
	63,483		DeVry, Inc		1,928,614
	42,080	*,e	Diamond Resorts International, Inc		1,318,787
	16,545		DineEquity, Inc		1,720,845
	13,084	*,e	El Pollo Loco Holdings, Inc		245,848
	27,723	*	Eldorado Resorts, Inc		234,259
	14,356	*,e	Empire Resorts, Inc		71,636
	26,352	*	Fiesta Restaurant Group, Inc		1,531,842
	45,945	*	Grand Canyon Education, Inc		1,995,391
	11,225	*,e	Habit Restaurants, Inc		333,495
	130,854	*	Houghton Mifflin Harcourt Co		3,419,215
	29,164		International Speedway Corp (Class A)		999,450
	39,131		Interval Leisure Group, Inc		834,273
	17,664	*	Intrawest Resorts Holdings Inc		176,110
	22,518	*	Isle of Capri Casinos, Inc		410,728
	35,679		Jack in the Box, Inc		3,389,505
	14,065	*,e	Jamba, Inc		229,119
	32,907	*	K12, Inc		434,043
	8,254	*,e	Kona Grill, Inc		157,156
	65,599	*	Krispy Kreme Doughnuts, Inc		1,222,765
	91,327	*	La Quinta Holdings, Inc		1,937,959
	5,829		Liberty Tax, Inc		153,070
	93,559	*,e	LifeLock, Inc		740,987
	17,871		Marcus Corp		374,576
	24,345		Marriott Vacations Worldwide Corp		2,035,242
	9,363	*	Monarch Casino & Resort, Inc		174,245
	28,585	*	Morgans Hotel Group Co		171,510
	13,692	*,e	Noodles & Co		211,952
	27,426		Papa John’s International, Inc		2,072,309
	9,004	*,e	Papa Murphy’s Holdings, Inc		173,777
	79,557	*	Penn National Gaming, Inc		1,517,948
	61,177	*	Pinnacle Entertainment, Inc		2,355,315
	22,991	*	Popeyes Louisiana Kitchen, Inc		1,395,094
	21,421	*,e	Potbelly Corp		292,182
	13,810	*	Red Robin Gourmet Burgers, Inc		1,265,687
	46,358	*	Regis Corp		678,218
	60,611	*	Ruby Tuesday, Inc		444,885
	35,473		Ruth’s Chris Steak House, Inc		621,842
	49,244	*,e	Scientific Games Corp (Class A)		743,584
	68,002	e	SeaWorld Entertainment, Inc		1,179,155
	5,632	*,e	Shake Shack, Inc		383,258
	51,242		Sonic Corp		1,522,912
	61,526		Sotheby’s (Class A)		2,573,633
	11,757		Speedway Motorsports, Inc		246,309
	1,636	*	Steak N Shake Co		711,349
	12,860	*	Steiner Leisure Ltd		742,022
	10,706	*	Strayer Education, Inc		595,361
	68,255		Texas Roadhouse, Inc (Class A)		2,688,564
	20,600		Universal Technical Institute, Inc		131,222
	34,820		Vail Resorts, Inc		3,819,406

222

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	18,853	*,e	Zoe’s Kitchen, Inc	$	845,557
			TOTAL CONSUMER SERVICES		84,459,653
DIVERSIFIED FINANCIALS - 2.5%
	23,512	e	Arlington Asset Investment Corp (Class A)		449,079
	1,111	*	Ashford, Inc		66,249
	179,019		BGC Partners, Inc (Class A)		1,763,337
	17,377		Calamos Asset Management, Inc (Class A)		208,698
	26,787		Cash America International, Inc		742,803
	5,349	e	CIFC Corp		40,759
	22,775		Cohen & Steers, Inc		703,975
	112,577	*	Cowen Group, Inc		636,060
	2,920		Diamond Hill Investment Group, Inc		562,071
	25,958	*,e	Encore Capital Group, Inc		1,116,454
	26,067	*	Enova International, Inc		471,291
	33,961		Evercore Partners, Inc (Class A)		1,996,907
	51,255	*	Ezcorp, Inc (Class A)		363,398
	7,824		Fifth Street Asset Management, Inc		71,824
	50,953	e	Financial Engines, Inc		2,336,705
	27,630	*	First Cash Financial Services, Inc		1,123,712
	78,266	*	FNFV Group		1,139,553
	31,424		Gain Capital Holdings, Inc		219,339
	6,214		GAMCO Investors, Inc (Class A)		426,653
	45,862	*	Green Dot Corp		950,261
	28,717		Greenhill & Co, Inc		1,129,440
	36,903		HFF, Inc (Class A)		1,691,634
	14,902	*	INTL FCStone, Inc		434,542
	33,538		Investment Technology Group, Inc		682,498
	15,706		iShares Russell 2000 Index Fund		1,931,210
	146,561	e	Janus Capital Group, Inc		2,400,669
	13,649	*,e	JG Wentworth Co		112,468
	30,037	*	KCG Holdings, Inc		318,993
	108,919	*,e	Ladenburg Thalmann Financial Services, Inc		331,114
	35,701		MarketAxess Holdings, Inc		3,491,558
	8,576		Marlin Business Services Corp		136,273
	5,904	e	Medley Management, Inc		53,785
	17,142		Moelis & Co		512,889
	23,151		Nelnet, Inc (Class A)		911,918
	23,615	*	NewStar Financial, Inc		273,226
	24,695		OM Asset Management plc		436,361
	11,319	*,e	On Deck Capital, Inc		151,335
	10,059		Oppenheimer Holdings, Inc		228,339
	49,423	*	PHH Corp		1,233,598
	19,337	*	Pico Holdings, Inc		238,425
	16,142	*	Piper Jaffray Cos		723,969
	45,935	*,e	PRA Group, Inc		2,919,169
	12,342		Pzena Investment Management, Inc (Class A)		128,357
	10,556	*	Regional Management Corp		203,942
	15,588		Resource America, Inc (Class A)		125,951
	21,041	*	Safeguard Scientifics, Inc		386,313
	66,994	*	Stifel Financial Corp		3,681,320
	29,168	e	Tiptree Financial, Inc		171,800

223

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	18,583	*,e	Virtu Financial, Inc	$	436,700
	6,706	e	Virtus Investment Partners, Inc		810,487
	37,849	*,e	Walter Investment Management Corp		825,108
	7,734		Westwood Holdings Group, Inc		464,659
	111,517	e	WisdomTree Investments, Inc		2,776,773
	7,764	*,e	World Acceptance Corp		422,517
	3,730	*	ZAIS Group Holdings, Inc		40,694
			TOTAL DIVERSIFIED FINANCIALS		46,207,162
ENERGY - 3.1%
	95,186	*	Abraxas Petroleum Corp		178,950
	2,024		Adams Resources & Energy, Inc		96,686
	30,432		Alon USA Energy, Inc		566,339
	38,892	*,e	Approach Resources, Inc		151,290
	18,187		Ardmore Shipping Corp		238,977
	64,064	e	Atwood Oceanics, Inc		1,332,531
	40,084	*,e	Basic Energy Services, Inc		242,107
	51,663	*,e	Bill Barrett Corp		293,446
	49,847	*	Bonanza Creek Energy, Inc		389,305
	34,114		Bristow Group, Inc		1,536,836
	56,735	*,e	C&J Energy Services Ltd		547,493
	65,735	*	Callon Petroleum Co		429,907
	19,144	e	CARBO Ceramics, Inc		628,880
	50,783	*	Carrizo Oil & Gas, Inc		1,936,356
	5,927	*,e	Clayton Williams Energy, Inc		238,739
	71,771	*,e	Clean Energy Fuels Corp		413,401
	56,914	*,e	Cloud Peak Energy, Inc		180,986
	17,490	*	Contango Oil & Gas Co		160,558
	54,892		Delek US Holdings, Inc		1,957,998
	90,817		DHT Holdings, Inc		721,995
	26,002	*	Dorian LPG Ltd		409,011
	1,193	*	Earthstone Energy, Inc		19,458
	40,855	*,e	Eclipse Resources Corp		157,292
	42,735	*,e	Energy Fuels, Inc		163,675
	57,422	e	Energy XXI Bermuda Ltd		101,637
	20,076	*	Era Group, Inc		339,887
	13,402	*,e	Erin Energy Corp		55,350
	23,010		Evolution Petroleum Corp		120,112
	76,704	e	EXCO Resources, Inc		44,427
	67,712		Exterran Holdings, Inc		1,678,580
	62,409	*,e	Fairmount Santrol Holdings, Inc		373,206
	57,906	*	Forum Energy Technologies, Inc		884,804
	114,337	*,e	Frontline Ltd		353,301
	41,129		GasLog Ltd		638,322
	80,273	*,e	Gastar Exploration, Inc		136,464
	13,377	*,e	Geospace Technologies Corp		233,295
	37,962		Green Plains Renewable Energy, Inc		852,247
	25,631	e	Gulfmark Offshore, Inc		241,444
	374,086	*,e	Halcon Resources Corp		411,495
	11,677	e	Hallador Petroleum Co		82,206
	105,368	*	Helix Energy Solutions Group, Inc		881,930
	31,219	*,e	Hornbeck Offshore Services, Inc		568,186

224

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	16,123	*,e	Independence Contract Drilling, Inc	$	118,343
	138,041	*	ION Geophysical Corp		109,039
	815	*	Isramco, Inc		111,745
	27,674	*,e	Jones Energy, Inc (Class A)		194,825
	124,037	*	Key Energy Services, Inc		112,886
	105,947	*,e	Magnum Hunter Resources Corp		101,667
	71,364	*	Matador Resources Co		1,572,149
	26,013	*	Matrix Service Co		504,132
	237,512	*,e	McDermott International, Inc		1,045,053
	12,792	*	Natural Gas Services Group, Inc		257,375
	80,085		Navios Maritime Acq Corp		317,137
	82,060	*	Newpark Resources, Inc		593,294
	18,589	e	Nordic American Offshore Ltd		132,539
	86,967	e	Nordic American Tanker Shipping		1,306,244
	33,216	e	North Atlantic Drilling Ltd		31,240
	63,901	*,e	Northern Oil And Gas, Inc		304,169
	137,363	*,e	Oasis Petroleum, Inc		1,322,806
	50,164	*	Oil States International, Inc		1,510,438
	26,547	*,e	Pacific Ethanol, Inc		195,917
	15,930		Panhandle Oil and Gas, Inc (Class A)		283,873
	15,655	*	Par Petroleum Corp		281,946
	126,716	*	Parker Drilling Co		321,859
	81,424	*	Parsley Energy, Inc		1,177,391
	39,568	*	PDC Energy, Inc		1,857,718
	210,000	e	Peabody Energy Corp		252,000
	64,052	*,e	Penn Virginia Corp		85,830
	12,236	*	PHI, Inc		339,304
	66,714	*	Pioneer Energy Services Corp		244,173
	42,868	*	Renewable Energy Group, Inc		437,254
	6,632	*,e	Rex American Resources Corp		342,476
	49,368	*,e	Rex Energy Corp		110,584
	12,000	*,e	RigNet, Inc		311,160
	21,136	*,e	Ring Energy, Inc		172,681
	52,937	*	RSP Permian, Inc		1,312,838
	55,367	*,e	Sanchez Energy Corp		405,840
	318,425	*,e	SandRidge Energy, Inc		164,626
	176,867		Scorpio Tankers, Inc		1,899,552
	17,832	*	SEACOR Holdings, Inc		1,126,447
	43,197		SemGroup Corp		3,070,875
	51,705	*,e	Seventy Seven Energy, Inc		161,320
	57,860	e	Ship Finance International Ltd		967,998
	36,202	*,e	Solazyme, Inc		84,713
	60,034	*	Stone Energy Corp		347,597
	103,131	*	Synergy Resources Corp		1,003,465
	85,866		Teekay Tankers Ltd (Class A)		615,659
	38,048		Tesco Corp		365,261
	81,516	*	Tetra Technologies, Inc		388,016
	46,822	e	Tidewater, Inc		914,434
	19,644	*	TransAtlantic Petroleum Ltd		64,432
	50,280	*,e	Triangle Petroleum Corp		186,539
	151,322	*,e	Ultra Petroleum Corp		1,177,285
	49,161	*	Unit Corp		969,946

225

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	103,419	*,e	Uranium Energy Corp	$	138,581
	54,353	e	US Silica Holdings Inc		1,224,029
	34,252	e	W&T Offshore, Inc		129,130
	69,322		Western Refining, Inc		3,061,259
	20,427	*,e	Westmoreland Coal Co		318,457
			TOTAL ENERGY		57,146,655
FOOD & STAPLES RETAILING - 0.9%
	27,713		Andersons, Inc		1,033,695
	37,198		Casey’s General Stores, Inc		3,802,194
	18,993	*,e	Chefs’ Warehouse Holdings, Inc		326,680
	24,052	*,e	Fairway Group Holdings Corp		72,156
	42,434	*,e	Fresh Market, Inc		1,294,237
	13,054		Ingles Markets, Inc (Class A)		604,139
	9,375	*,e	Natural Grocers by Vitamin C		250,687
	18,995	e	Pricesmart, Inc		1,840,805
	23,742	*	Smart & Final Stores, Inc		413,111
	36,705		Spartan Stores, Inc		1,182,268
	258,307	*	Supervalu, Inc		2,381,590
	49,236	*	United Natural Foods, Inc		2,241,715
	7,291		Village Super Market (Class A)		209,106
	10,739		Weis Markets, Inc		452,864
			TOTAL FOOD & STAPLES RETAILING		16,105,247
FOOD, BEVERAGE & TOBACCO - 1.9%
	3,815		Alico, Inc		170,988
	7,945	*,e	Arcadia Biosciences, Inc		33,687
	56,538		B&G Foods, Inc (Class A)		1,669,567
	8,913	*,e	Boston Beer Co, Inc (Class A)		1,965,495
	55,140	*,e	Boulder Brands, Inc		459,316
	14,549		Calavo Growers, Inc		793,066
	29,011	e	Cal-Maine Foods, Inc		1,571,236
	61,465	*	Castle Brands, Inc		72,529
	4,575		Coca-Cola Bottling Co Consolidated		741,150
	10,510	*	Craft Brewers Alliance, Inc		108,568
	162,848	*	Darling International, Inc		2,092,597
	92,045		Dean Foods Co		1,638,401
	26,117	*	Diamond Foods, Inc		843,840
	6,962	*	Farmer Bros Co		164,721
	32,477		Fresh Del Monte Produce, Inc		1,283,491
	20,309	*,e	Freshpet, Inc		335,505
	19,110	*	Inventure Foods, Inc		187,851
	15,505		J&J Snack Foods Corp		1,835,172
	8,337		John B. Sanfilippo & Son, Inc		433,441
	19,107		Lancaster Colony Corp		1,780,963
	47,658		Lance, Inc		1,549,838
	25,406	*	Landec Corp		339,170
	4,622	*,e	Lifeway Foods, Inc		68,036
	11,234	e	Limoneira Co		231,308
	10,299		Mgp Ingredients, Inc		152,116
	11,098	*	National Beverage Corp		263,799
	22,029	*	Omega Protein Corp		313,252

226

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	54,144	*	Post Holdings, Inc	$	2,909,699
	21,865	e	Sanderson Farms, Inc		1,574,499
	230	*	Seaboard Corp		799,250
	8,268	*	Seneca Foods Corp		241,343
	22,657	*,e	Synutra International, Inc		146,591
	20,385	e	Tootsie Roll Industries, Inc		661,901
	42,155	*	TreeHouse Foods, Inc		3,455,024
	22,020	e	Universal Corp		1,256,241
	76,426	e	Vector Group Ltd		1,935,106
			TOTAL FOOD, BEVERAGE & TOBACCO		34,078,757
HEALTH CARE EQUIPMENT & SERVICES - 7.0%
	7,761	*,e	AAC Holdings, Inc		294,996
	22,032		Abaxis, Inc		1,102,922
	39,949	*	Abiomed, Inc		3,094,450
	78,459	*	Accuray, Inc		500,568
	29,143		Aceto Corp		682,821
	6,267	*	Addus HomeCare Corp		170,086
	6,458	*,e	Adeptus Health, Inc		709,670
	38,892	*	Air Methods Corp		1,531,956
	5,173	*	Alliance HealthCare Services, Inc		77,388
	7,020	*	Almost Family, Inc		307,195
	27,543	*	Amedisys, Inc		1,201,701
	46,804	*	AMN Healthcare Services, Inc		1,377,442
	46,158	*	Amsurg Corp		3,311,375
	12,174		Analogic Corp		980,616
	25,240	*	Angiodynamics, Inc		391,220
	14,458	*	Anika Therapeutics, Inc		547,958
	149,201	*,e	Antares Pharma, Inc		314,814
	27,309	*	AtriCure, Inc		758,917
	1,597		Atrion Corp		645,028
	24,510	*	Bio-Reference Labs, Inc		1,087,509
	67,050	*,e	BioScrip, Inc		168,296
	27,871	*	BioTelemetry, Inc		340,862
	33,513		Cantel Medical Corp		1,839,193
	29,246	*	Capital Senior Living Corp		651,893
	30,906	*	Cardiovascular Systems, Inc		922,235
	35,236	*,e	Castlight Health, Inc		252,994
	93,310	*,e	Cerus Corp		506,673
	16,771	e	Chemed Corp		2,489,823
	11,534	*	Civitas Solutions, Inc		259,400
	11,962	e	Computer Programs & Systems, Inc		559,463
	26,918		Conmed Corp		1,526,789
	6,408	*,e	Connecture, Inc		60,427
	21,885	*,e	Corindus Vascular Robotics, Inc		79,443
	8,443	*	Corvel Corp		269,838
	31,495	*	Cross Country Healthcare, Inc		380,145
	25,175		CryoLife, Inc		275,666
	14,113	*	Cutera, Inc		214,235
	25,411	*	Cyberonics, Inc		1,560,235
	21,590	*	Cynosure, Inc (Class A)		837,692
	35,865	*,e	Diplomat Pharmacy, Inc		1,656,246

227

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	65,794	*	Endologix, Inc	$	938,222
	24,826		Ensign Group, Inc		1,269,105
	6,007	*	Entellus Medical, Inc		135,158
	9,916	*	Exactech, Inc		198,122
	40,950	*	ExamWorks Group, Inc		1,436,526
	42,445	*	Five Star Quality Care, Inc		191,851
	35,788	*	Genesis Health Care, Inc		218,665
	42,505	*,e	GenMark Diagnostics, Inc		361,293
	67,026	*	Globus Medical, Inc		1,880,750
	24,900	*	Greatbatch, Inc		1,357,797
	50,402	*	Haemonetics Corp		2,016,584
	45,820	*,e	Halyard Health, Inc		1,866,707
	34,389	*	Hanger Orthopedic Group, Inc		744,178
	36,171	*	HealthEquity, Inc		1,217,516
	87,746		Healthsouth Corp		4,009,992
	24,596	*	HealthStream, Inc		690,164
	30,759	*	Healthways, Inc		389,409
	17,964	*,e	HeartWare International, Inc		1,629,514
	86,394	*	HMS Holdings Corp		995,259
	13,808	*	ICU Medical, Inc		1,379,695
	8,932	*	Imprivata, Inc		135,766
	15,325	*	Inogen Inc		681,350
	56,136	*	Insulet Corp		1,902,449
	24,970	*	Integra LifeSciences Holdings Corp		1,601,326
	31,552		Invacare Corp		537,962
	25,868	*,e	InVivo Therapeutics Holdings Corp		376,379
	17,241	*	IPC The Hospitalist Co, Inc		956,013
	2,727	*,e	iRadimed Corp		67,630
	17,155	*	K2M Group Holdings, Inc		392,506
	82,836		Kindred Healthcare, Inc		1,708,907
	9,201		Landauer, Inc		326,451
	22,659	*	LDR Holding Corp		1,030,078
	11,608		LeMaitre Vascular, Inc		165,298
	12,864	*	LHC Group, Inc		518,291
	26,648	*	Magellan Health Services, Inc		1,614,602
	42,631	*	Masimo Corp		1,776,860
	58,867	*	MedAssets, Inc		1,371,601
	54,522	*	Medidata Solutions, Inc		2,933,284
	67,190	*	Merge Healthcare, Inc		368,873
	40,943		Meridian Bioscience, Inc		740,659
	43,379	*	Merit Medical Systems, Inc		1,108,767
	38,940	*	Molina Healthcare, Inc		2,937,244
	9,841		National Healthcare Corp		621,951
	8,654	e	National Research Corp		128,079
	32,137	*	Natus Medical, Inc		1,451,307
	36,402	*	Neogen Corp		2,118,232
	14,771	*	Nevro Corp		749,924
	31,209	*,e	Nobilis Health Corp		183,821
	47,284	*	NuVasive, Inc		2,601,093
	61,891	*	NxStage Medical, Inc		883,803
	35,418	*	Omnicell, Inc		1,293,465
	54,867	*	OraSure Technologies, Inc		271,043

228

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	18,461	*	Orthofix International NV	$	615,859
	61,561	e	Owens & Minor, Inc		2,164,485
	19,641	*,e	Oxford Immunotec Global plc		260,243
	29,725	*	PharMerica Corp		1,015,703
	9,976	*	Press Ganey Holdings, Inc		312,349
	13,332	*	Providence Service Corp		627,404
	53,700		Quality Systems, Inc		684,675
	28,087	*,e	Quidel Corp		581,682
	35,479	*	RadNet, Inc		237,355
	50,507	*,e	Rockwell Medical Technologies, Inc		696,997
	56,330	*	RTI Biologics, Inc		410,082
	8,323	*	SeaSpine Holdings Corp		130,505
	11,493	*,e	Second Sight Medical Products, Inc		162,166
	102,681		Select Medical Holdings Corp		1,481,687
	6,804	*	Sientra, Inc		158,193
	41,352	*,e	Spectranetics Corp		707,119
	37,901	*,e	Staar Surgical Co		332,392
	58,691	e	STERIS Corp		4,057,309
	21,052	*	Surgical Care Affiliates, Inc		800,397
	13,101	*	SurModics, Inc		307,742
	17,193	*,e	Tandem Diabetes Care, Inc		215,772
	69,253	*	Team Health Holdings, Inc		4,668,345
	52,897	*	Thoratec Corp		3,347,851
	38,316	*	Tornier BV		953,685
	37,360	*	TransEnterix, Inc		122,167
	23,541	*	Triple-S Management Corp (Class B)		508,015
	15,904	*,e	Trupanion, Inc		122,779
	113,513	*,e	Unilife Corp		199,783
	48,654	*	Universal American Corp		451,023
	12,604		US Physical Therapy, Inc		666,247
	3,848		Utah Medical Products, Inc		210,370
	17,217	*	Vascular Solutions, Inc		640,989
	13,130	*,e	Veracyte, Inc		152,308
	26,125	*	Vocera Communications, Inc		323,950
	43,527	*	WellCare Health Plans, Inc		3,516,982
	69,084		West Pharmaceutical Services, Inc		4,136,059
	52,931	*	Wright Medical Group, Inc		1,367,737
	31,506	*,e	Zeltiq Aesthetics, Inc		1,082,231
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		128,852,338
HOUSEHOLD & PERSONAL PRODUCTS - 0.3%
	41,242	*	Central Garden and Pet Co (Class A)		415,719
	26,107	*,e	Elizabeth Arden, Inc		275,168
	76,659	*	HRG Group, Inc		1,092,391
	16,566		Inter Parfums, Inc		503,441
	10,623	*	Medifast, Inc		327,932
	8,193	e	Natural Health Trends Corp		248,248
	9,628		Nature’s Sunshine Products, Inc		120,639
	7,732	*	Nutraceutical International Corp		186,882
	4,674		Oil-Dri Corp of America		122,739
	9,315		Orchids Paper Products Co		235,110
	11,200	*	Revlon, Inc (Class A)		402,864

229

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	5,595	*,e	USANA Health Sciences, Inc	$	697,417
	14,295		WD-40 Co		1,281,261
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		5,909,811
INSURANCE - 2.3%
	43,750	*	AMBAC Financial Group, Inc		701,750
	75,157		American Equity Investment Life Holding Co		2,220,138
	18,496		Amerisafe, Inc		925,725
	27,244		Argo Group International Holdings Ltd		1,536,017
	10,991	*,e	Atlas Financial Holdings, Inc		202,894
	7,899		Baldwin & Lyons, Inc (Class B)		184,205
	47,780	*,e	Citizens, Inc (Class A)		323,471
	188,325		Conseco, Inc		3,359,718
	28,087		Crawford & Co (Class B)		194,362
	5,771		Donegal Group, Inc (Class A)		85,815
	8,756	*	eHealth, Inc		142,460
	7,923		EMC Insurance Group, Inc		191,103
	31,592		Employers Holdings, Inc		758,208
	8,662	*	Enstar Group Ltd		1,385,833
	10,033		FBL Financial Group, Inc (Class A)		571,981
	14,381		Federated National Holding Co		339,248
	10,994		Fidelity & Guaranty Life		286,174
	103,926		First American Financial Corp		4,217,317
	28,210	*	Greenlight Capital Re Ltd (Class A)		784,802
	13,466	*	Hallmark Financial Services		143,817
	8,715		HCI Group, Inc		391,129
	24,156	*	Heritage Insurance Holdings, Inc		597,136
	40,131		Horace Mann Educators Corp		1,414,216
	6,381		Independence Holding Co		83,464
	11,697		Infinity Property & Casualty Corp		906,634
	11,302		James River Group Holdings Ltd		310,240
	3,603		Kansas City Life Insurance Co		169,665
	42,403		Kemper Corp		1,641,844
	49,309		Maiden Holdings Ltd		815,571
	159,795	*	MBIA, Inc		950,780
	34,965		National General Holdings Corp		800,349
	6,976		National Interstate Corp		176,214
	2,062		National Western Life Insurance Co (Class A)		496,921
	11,363	*	Navigators Group, Inc		888,359
	22,085		OneBeacon Insurance Group Ltd (Class A)		320,233
	8,254	*	Patriot National, Inc		153,524
	50,898		Primerica, Inc		2,302,117
	43,008		RLI Corp		2,375,332
	15,271		Safety Insurance Group, Inc		885,565
	55,534		Selective Insurance Group, Inc		1,711,003
	15,535		State Auto Financial Corp		375,947
	30,579		State National Cos, Inc		332,088
	21,705		Stewart Information Services Corp		892,510
	73,255		Symetra Financial Corp		1,834,305
	83,366	*	Third Point Reinsurance Ltd		1,238,819
	8,122	*	United America Indemnity Ltd		224,573
	19,725		United Fire & Casualty Co		681,696

230

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	16,671		United Insurance Holdings Corp	$	267,736
	31,777		Universal Insurance Holdings, Inc		871,325
			TOTAL INSURANCE		42,664,333
MATERIALS - 3.7%
	28,562		A. Schulman, Inc		1,063,363
	3,977	*	AEP Industries, Inc		192,288
	135,534	*,e	AK Steel Holding Corp		399,825
	28,366	e	American Vanguard Corp		363,652
	69,169		Axiall Corp		2,035,644
	30,650		Balchem Corp		1,736,936
	114,416	*	Berry Plastics Group, Inc		3,725,385
	38,537	*	Boise Cascade Co		1,278,658
	20,344		Brush Engineered Materials, Inc		622,526
	52,445		Calgon Carbon Corp		927,752
	49,643		Carpenter Technology Corp		1,863,598
	50,405	*	Century Aluminum Co		469,775
	6,705		Chase Corp		256,332
	66,407	*	Chemtura		1,821,544
	18,583	*	Clearwater Paper Corp		1,093,610
	134,831	*,e	Coeur Mining, Inc		475,953
	116,556		Commercial Metals Co		1,796,128
	7,758	*	Core Molding Technologies, Inc		148,023
	11,876		Deltic Timber Corp		770,752
	71,668	*	Ferro Corp		995,469
	54,187	*,e	Flotek Industries, Inc		927,681
	22,931		FutureFuel Corp		262,331
	42,169		Glatfelter		860,669
	64,750		Globe Specialty Metals, Inc		999,740
	30,446		Greif, Inc (Class A)		943,522
	49,177		H.B. Fuller Co		1,970,031
	10,180		Hawkins, Inc		371,366
	12,649		Haynes International, Inc		538,468
	72,575	*	Headwaters, Inc		1,379,651
	371,274	e	Hecla Mining Co		779,675
	56,715	*,e	Horsehead Holding Corp		469,600
	20,371		Innophos Holdings, Inc		1,048,699
	23,656		Innospec, Inc		1,023,122
	54,841	*,e	Intrepid Potash, Inc		468,342
	17,038		Kaiser Aluminum Corp		1,438,859
	84,100		Kapstone Paper and Packaging Corp		1,967,940
	9,445		KMG Chemicals, Inc		206,184
	21,056		Koppers Holdings, Inc		427,437
	30,936	*	Kraton Polymers LLC		634,807
	20,428		Kronos Worldwide, Inc		201,012
	140,415	*	Louisiana-Pacific Corp		2,069,717
	19,223	*	LSB Industries, Inc		709,521
	33,857		Minerals Technologies, Inc		2,192,241
	24,696		Myers Industries, Inc		373,650
	16,308		Neenah Paper, Inc		987,939
	76,581	e	Olin Corp		1,760,597
	8,900		Olympic Steel, Inc		107,868

231

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	29,611		OM Group, Inc	$	1,003,221
	45,790	*	Omnova Solutions, Inc		296,261
	85,031		PolyOne Corp		2,914,012
	13,000		Quaker Chemical Corp		1,205,100
	41,150	e	Rayonier Advanced Materials, Inc		578,158
	23,788	*	Real Industry, Inc		271,421
	231,100	*	Rentech, Inc		175,936
	10,730	*,e	Ryerson Holding Corp		72,642
	25,986		Schnitzer Steel Industries, Inc (Class A)		408,240
	29,710		Schweitzer-Mauduit International, Inc		1,179,487
	42,849	*,e	Senomyx, Inc		266,092
	45,588		Sensient Technologies Corp		3,117,763
	18,795		Stepan Co		921,143
	119,760	*	Stillwater Mining Co		1,140,115
	24,950	*	Summit Materials, Inc		625,996
	65,275		SunCoke Energy, Inc		802,230
	39,810		TimkenSteel Corp		741,660
	20,093	*	Trecora Resources		280,498
	24,432		Tredegar Corp		411,924
	11,164	*,e	Trinseo S.A.		271,955
	63,884		Tronox Ltd		701,446
	1,928		United States Lime & Minerals, Inc		104,112
	14,275	*	US Concrete, Inc		604,261
	19,013	e	Valhi, Inc		84,608
	39,999		Wausau Paper Corp		353,591
	2,530	*	WHX Corp		74,888
	47,666	*	Worthington Industries, Inc		1,289,842
			TOTAL MATERIALS		67,054,484
MEDIA - 1.6%
	20,655		AMC Entertainment Holdings, Inc		666,124
	23,893	*	Carmike Cinemas, Inc		598,520
	84,159	*,e	Central European Media Enterprises Ltd (Class A) (NASDAQ)		201,982
	32,930	*,e	Crown Media Holdings, Inc (Class A)		147,197
	140,735	*	Cumulus Media, Inc (Class A)		232,213
	1,030	*,e	Daily Journal Corp		210,944
	75,024	*,e	DreamWorks Animation SKG, Inc (Class A)		1,808,829
	24,793	*	Entercom Communications Corp (Class A)		261,070
	62,255		Entravision Communications Corp (Class A)		477,496
	28,287	*	Eros International plc		1,012,109
	58,062		EW Scripps Co (Class A)		1,275,622
	45,225	*,e	Global Eagle Entertainment, Inc		561,695
	63,288	*	Gray Television, Inc		1,068,934
	46,878		Harte-Hanks, Inc		219,858
	9,856	*,e	Hemisphere Media Group, Inc		136,506
	60,079	*	Imax Corp		2,247,555
	23,855		Journal Media Group, Inc		192,987
	13,612	*	Loral Space & Communications, Inc		862,320
	31,302	*	Martha Stewart Living Omnimedia, Inc (Class A)		190,003
	42,778		MDC Partners, Inc		754,176
	94,928	*,e	Media General, Inc		1,506,507
	35,848		Meredith Corp		1,717,836

232

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	57,746		National CineMedia, Inc	$	895,063
	43,574		New Media Investment Group, Inc		741,194
	136,084		New York Times Co (Class A)		1,799,030
	30,631		Nexstar Broadcasting Group, Inc (Class A)		1,756,994
	16,165	*	Reading International, Inc		190,424
	12,735	*,e	Rentrak Corp		871,965
	3,448		Saga Communications, Inc		139,644
	26,005		Scholastic Corp		1,120,555
	45,345	*,e	SFX Entertainment, Inc		144,197
	65,415		Sinclair Broadcast Group, Inc (Class A)		1,898,343
	20,885	*	Sizmek, Inc		162,068
	107,901		Time, Inc		2,408,350
	6,971	*	Townsquare Media, Inc		90,623
	25,620		Tribune Publishing Co		381,482
	29,293	e	World Wrestling Entertainment, Inc (Class A)		573,264
			TOTAL MEDIA		29,523,679
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.9%
	9,839	*,e	Abeona Therapeutics, Inc		63,462
	77,797	*	Acadia Pharmaceuticals, Inc		3,797,271
	21,009	*,e	Accelerate Diagnostics, Inc		585,731
	21,143	*	Acceleron Pharma, Inc		605,535
	117,905	*,e	Achillion Pharmaceuticals, Inc		1,004,551
	42,465	*	Acorda Therapeutics, Inc		1,459,097
	10,156	*,e	Adamas Pharmaceuticals, Inc		251,463
	8,151	*	Aduro Biotech, Inc		213,719
	30,871	*,e	Advaxis, Inc		514,311
	25,868	*,e	Aegerion Pharmaceuticals, Inc		494,855
	21,413	*,e	Aerie Pharmaceuticals, Inc		388,432
	14,866	*,e	Affimed NV		243,951
	75,482	*	Affymetrix, Inc		827,283
	74,389	*	Agenus, Inc		635,282
	10,076	*	Agile Therapeutics, Inc		91,994
	23,652	*	Akebia Therapeutics, Inc		222,329
	24,535	*,e	Albany Molecular Research, Inc		518,670
	23,644	*	Alder Biopharmaceuticals, Inc		1,097,554
	29,627	*,e	Alimera Sciences, Inc		142,802
	29,111	*,e	AMAG Pharmaceuticals, Inc		1,860,193
	113,736	*	Amicus Therapeutics, Inc		1,955,122
	30,956	*	Amphastar Pharmaceuticals, Inc		503,345
	40,585	*	Anacor Pharmaceuticals, Inc		6,054,876
	8,046	*,e	ANI Pharmaceuticals, Inc		571,507
	34,876	*	Anthera Pharmaceuticals, Inc		380,497
	8,593	*	Applied Genetic Technologies Corp		158,627
	29,409	*	Aratana Therapeutics, Inc		518,187
	11,625	*,e	Ardelyx, Inc		229,245
	235,877	*,e	Arena Pharmaceuticals, Inc		952,943
	166,358	*,e	Ariad Pharmaceuticals, Inc		1,357,481
	137,619	*,e	Array Biopharma, Inc		799,566
	60,850	*,e	Arrowhead Research Corp		376,053
	14,007	*	Assembly Biosciences, Inc		210,105
	10,258	*,e	Asterias Biotherapeutics, Inc		50,469

233

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	16,962	*,e	Atara Biotherapeutics, Inc	$	952,247
	5,901	*,e	aTyr Pharma, Inc		110,644
	19,156	*	Avalanche Biotechnologies, Inc		281,976
	8,254	*,e	Bellicum Pharmaceuticals, Inc		167,969
	72,307	*,e	BioCryst Pharmaceuticals, Inc		1,119,312
	47,870	*,e	BioDelivery Sciences International, Inc		390,140
	4,816	*	Biospecifics Technologies Corp		330,955
	49,716	*,e	BioTime, Inc		157,103
	9,145	*	Blueprint Medicines Corp		247,098
	10,769	*,e	Calithera Biosciences, Inc		79,691
	29,235	*	Cambrex Corp		1,439,824
	16,305	*	Cara Therapeutics Inc		347,460
	11,992	*	Carbylan Therapeutics, Inc		82,865
	78,897	*	Catalent, Inc		2,688,810
	73,488	*	Catalyst Pharmaceuticals, Inc		363,031
	97,132	*,e	Celldex Therapeutics, Inc		2,287,459
	9,601	*	Cellular Biomedicine Group, Inc		268,348
	31,581	*	Cempra, Inc		1,321,981
	68,976	*	Cepheid, Inc		3,834,376
	27,703	*,e	ChemoCentryx, Inc		228,273
	43,971	*	Chimerix, Inc		2,363,002
	4,675	*	Cidara Therapeutics, Inc		65,356
	27,651	*	Clovis Oncology, Inc		2,334,574
	23,003	*	Coherus Biosciences, Inc		806,945
	6,521	*,e	Collegium Pharmaceutical, Inc		130,616
	14,967	*,e	Concert Pharmaceuticals Inc		245,309
	60,245	*,e	Corcept Therapeutics, Inc		303,635
	8,536	*,e	Corium International, Inc		125,138
	30,254	*,e	CorMedix, Inc		105,889
	172,339	*,e	CTI BioPharma Corp		318,827
	108,471	*	Curis, Inc		340,599
	33,068	*	Cytokinetics, Inc		211,304
	55,953	*	CytRx Corp		152,192
	59,876	*,e	Depomed, Inc		1,886,094
	12,578	*	Dermira, Inc		284,011
	14,744	*,e	Dicerna Pharmaceuticals Inc		180,172
	109,347	*	Durect Corp		256,965
	142,544	*	Dyax Corp		3,508,008
	33,739	*	Dynavax Technologies Corp		992,264
	8,657	*,e	Eagle Pharmaceuticals, Inc		836,439
	29,437	*	Emergent Biosolutions, Inc		966,417
	16,121	*,e	Enanta Pharmaceuticals, Inc		816,529
	37,543	*,e	Endocyte, Inc		193,722
	29,386	*,e	Epizyme, Inc		655,602
	13,139	*,e	Esperion Thereapeutics, Inc		814,618
	92,646	*,e	Exact Sciences Corp		2,229,989
	192,449	*,e	Exelixis, Inc		1,102,733
	24,047	*,e	Fibrocell Science, Inc		156,786
	46,693	*	FibroGen, Inc		1,085,612
	21,044	*	Five Prime Therapeutics, Inc		494,955
	5,228	*,e	Flex Pharma, Inc		81,504
	13,563	*	Flexion Therapeutics Inc		317,374

234

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	28,059	*	Fluidigm Corp	$	562,022
	22,064	*	Foamix Pharmaceuticals Ltd		234,761
	11,781	*,e	Foundation Medicine, Inc		239,095
	173,351	*,e	Galena Biopharma, Inc		284,296
	18,168	*,e	Genocea Biosciences Inc		236,184
	19,018	*,e	Genomic Health, Inc		515,007
	154,260	*,e	Geron Corp		624,753
	102,230	*,e	Halozyme Therapeutics, Inc		2,386,048
	32,692	*	Harvard Bioscience, Inc		159,864
	28,570	*,e	Heron Therapeutics, Inc		923,954
	5,541	*	Heska Corp		187,009
	84,930	*,e	Idera Pharmaceuticals, Inc		304,049
	40,334	*,e	IGI Laboratories, Inc		354,939
	17,930	*	Ignyta, Inc		248,510
	11,037	*,e	Immune Design Corp		213,676
	85,876	*	Immunogen, Inc		1,547,485
	93,914	*,e	Immunomedics, Inc		192,524
	70,263	*	Impax Laboratories, Inc		3,404,945
	12,633	*	INC Research Holdings, Inc		632,029
	47,844	*	Infinity Pharmaceuticals, Inc		418,157
	69,960	*,e	Inovio Pharmaceuticals, Inc		510,008
	60,004	*	Insmed, Inc		1,626,108
	22,663	*,e	Insys Therapeutics, Inc		1,018,022
	13,694	*	Intersect ENT, Inc		406,301
	21,188	*	Intra-Cellular Therapies, Inc		616,571
	7,081	*,e	Invitae Corp		70,739
	124,952	*	Ironwood Pharmaceuticals, Inc		1,305,748
	22,506	*,e	Karyopharm Therapeutics, Inc		461,823
	103,737	*,e	Keryx Biopharmaceuticals, Inc		827,821
	28,804	*,e	Kite Pharma, Inc		2,096,067
	25,077	*	KYTHERA Biopharmaceuticals, Inc		1,868,738
	11,235	*,e	La Jolla Pharmaceutical Co		341,544
	26,477	*,e	Lannett Co, Inc		1,578,029
	40,501	*,e	Lexicon Pharmaceuticals, Inc		341,828
	16,574	*,e	Ligand Pharmaceuticals, Inc (Class B)		1,794,301
	43,969	*	Lion Biotechnologies, Inc		376,375
	7,616	*	Loxo Oncology, Inc		154,224
	41,556	*	Luminex Corp		716,010
	27,450	*	MacroGenics, Inc		1,032,120
	244,765	*,e	MannKind Corp		1,050,042
	16,543	*,e	Medgenics, Inc		133,667
	64,880	*	Medicines Co		2,036,583
	108,636	*,e	Merrimack Pharmaceuticals, Inc		1,097,224
	105,907	*,e	MiMedx Group, Inc		1,136,382
	9,735	*	Mirati Therapeutics, Inc		278,518
	60,703	*	Momenta Pharmaceuticals, Inc		1,319,683
	68,316	*,e	Myriad Genetics, Inc		2,330,942
	12,435	*	NanoString Technologies, Inc		190,380
	146,915	*,e	Navidea Biopharmceuticals, Inc		252,694
	128,631	*,e	Nektar Therapeutics		1,622,037
	53,101	*,e	NeoGenomics, Inc		324,447
	83,518	*	Neurocrine Biosciences, Inc		4,185,922

235

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	20,569	*,e	NewLink Genetics Corp	$	1,072,673
	45,016	*,e	Northwest Biotherapeutics, Inc		514,083
	261,032	*	Novavax, Inc		3,148,046
	34,812	*,e	Ocata Therapeutics, Inc		156,306
	12,725	*	Ocular Therapeutix, Inc		293,820
	36,937	*,e	Omeros Corp		594,686
	16,466	*,e	OncoMed Pharmaceuticals, Inc		376,083
	106,102	*	Oncothyreon, Inc		386,211
	23,113	*	Ophthotech Corp		1,564,519
	100,179	*,e	Orexigen Therapeutics, Inc		400,716
	79,211	*,e	Organovo Holdings, Inc		267,733
	18,769	*,e	Osiris Therapeutics, Inc		400,343
	14,444	*,e	Otonomy, Inc		372,222
	23,800	*,e	OvaScience, Inc		678,300
	59,337	*,e	Pacific Biosciences of California, Inc		337,628
	36,062	*,e	Pacira Pharmaceuticals, Inc		2,395,238
	11,855		Paratek Pharmaceuticals, Inc		298,272
	54,459	*	Parexel International Corp		3,755,493
	163,983	e	PDL BioPharma, Inc		954,381
	184,372	*,e	Peregrine Pharmaceuticals, Inc		226,778
	46,713	*	Pernix Therapeutics Holdings, Inc		232,631
	15,926	*	Pfenex, Inc		337,472
	17,320		Phibro Animal Health Corp		680,330
	43,578	*	Portola Pharmaceuticals, Inc		2,154,496
	29,760	e	Pozen, Inc		345,216
	19,664	*	PRA Health Sciences, Inc		825,691
	51,156	*	Prestige Brands Holdings, Inc		2,436,049
	67,891	*,e	Progenics Pharmaceuticals, Inc		587,936
	7,545	*,e	Proteon Therapeutics, Inc		130,378
	31,058	*	Prothena Corp plc		2,048,896
	32,916	*	PTC Therapeutics, Inc		1,685,628
	28,972	*,e	Radius Health, Inc		2,269,087
	78,542	*	Raptor Pharmaceutical Corp		1,118,438
	30,047	*,e	Regulus Therapeutics, Inc		246,385
	31,780	*	Relypsa, Inc		1,052,236
	32,054	*	Repligen Corp		1,122,211
	34,838	*	Retrophin, Inc		1,105,758
	15,263	*,e	Revance Therapeutics, Inc		473,611
	86,426	*	Rigel Pharmaceuticals, Inc		257,549
	13,447	*	Sage Therapeutics, Inc		919,237
	21,983	*	Sagent Pharmaceuticals		540,342
	68,769	*,e	Sangamo Biosciences, Inc		629,236
	41,322	*,e	Sarepta Therapeutics, Inc		1,318,998
	48,404	*	Sciclone Pharmaceuticals, Inc		440,960
	115,305	*,e	Sequenom, Inc		325,160
	27,720	*,e	Sorrento Therapeutics, Inc		576,022
	7,872	*,e	Spark Therapeutics, Inc		483,656
	65,459	*,e	Spectrum Pharmaceuticals, Inc		452,649
	15,450	*	Stemline Therapeutics, Inc		165,778
	24,259	*,e	Sucampo Pharmaceuticals, Inc (Class A)		528,604
	33,553	*	Supernus Pharmaceuticals, Inc		711,659
	100,285	*,e	Synergy Pharmaceuticals, Inc		914,599

236

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	96,502	*,e	Synta Pharmaceuticals Corp	$	204,584
	8,883	*,e	T2 Biosystems, Inc		128,004
	21,769	*	TESARO, Inc		1,262,602
	35,881	*	Tetraphase Pharmaceuticals, Inc		1,706,142
	34,446	*,e	TG Therapeutics, Inc		601,083
	127,057	*	TherapeuticsMD, Inc		989,774
	25,248	*,e	Theravance Biopharma, Inc		316,610
	84,147	e	Theravance, Inc		1,289,132
	62,646	*,e	Threshold Pharmaceuticals, Inc		270,631
	3,064	*,e	Tobira Therapeutics, Inc		43,999
	9,184	*,e	Tokai Pharmaceuticals, Inc		119,759
	24,228	*	Trevena, Inc		141,007
	23,845	*,e	Trovagene, Inc		187,899
	37,740	*	Ultragenyx Pharmaceutical, Inc		4,563,898
	40,506	*,e	Vanda Pharmaceuticals, Inc		495,793
	31,456	*,e	Verastem, Inc		229,629
	22,090	*,e	Versartis, Inc		399,829
	12,924	*,e	Vitae Pharmaceuticals, Inc		130,662
	16,349	*,e	Vital Therapies, Inc		265,181
	109,188	*,e	Vivus, Inc		164,874
	3,977	*,e	XBiotech, Inc		74,171
	27,752	*	Xencor Inc		621,367
	59,536	*	Xenoport, Inc		434,613
	48,195	*,e	XOMA Corp		35,211
	16,091	*,e	Zafgen, Inc		610,975
	114,138	*,e	ZIOPHARM Oncology, Inc		1,524,884
	18,822	*,e	Zogenix, Inc		363,453
	18,142	*	ZS Pharma, Inc		1,083,622
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		180,539,272
REAL ESTATE - 9.3%
	67,364		Acadia Realty Trust		2,154,301
	27,725		AG Mortgage Investment Trust		504,595
	17,171		Agree Realty Corp		532,129
	47,635		Alexander & Baldwin, Inc		1,798,221
	1,961		Alexander’s, Inc		795,127
	855	*,e	Altisource Asset Management Corp		113,347
	14,162	*	Altisource Portfolio Solutions S.A.		462,531
	55,732		Altisource Residential Corp		917,349
	36,610		American Assets Trust,Inc		1,523,708
	49,859		American Capital Mortgage, Inc		804,724
	33,141		American Residential Properties, Inc		613,109
	104,621		Anworth Mortgage Asset Corp		523,105
	56,957		Apollo Commercial Real Estate Finance, Inc		961,434
	26,436		Ares Commercial Real Estate Corp		329,128
	26,228		Armada Hoffler Properties, Inc		268,837
	343,357	*	ARMOUR Residential REIT, Inc		975,134
	27,326		Ashford Hospitality Prime, Inc		397,867
	82,127		Ashford Hospitality Trust, Inc		717,790
	56,474		Associated Estates Realty Corp		1,623,628
	11,871	*	AV Homes, Inc		175,335
	18,364		Bluerock Residential Growth REIT, Inc		235,059

237

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	62,903		Campus Crest Communities, Inc	$	358,547
	93,423		Capstead Mortgage Corp		1,034,193
	30,849		CareTrust REIT, Inc		400,420
	38,558		CatchMark Timber Trust Inc		411,799
	83,032		Cedar Shopping Centers, Inc		556,314
	234,124		Chambers Street Properties		1,737,200
	37,765		Chatham Lodging Trust		1,020,410
	58,199		Chesapeake Lodging Trust		1,866,442
	109,906		Colony Financial, Inc		2,497,064
	4,072	e	Consolidated-Tomoka Land Co		235,891
	45,483		CorEnergy Infrastructure Trust, Inc		282,904
	23,728		Coresite Realty		1,191,146
	211,279		Cousins Properties, Inc		2,193,076
	159,513		CubeSmart		4,172,860
	66,012		CyrusOne, Inc		2,029,209
	154,156		CYS Investments, Inc		1,196,251
	87,390		DCT Industrial Trust, Inc		3,037,676
	195,734		DiamondRock Hospitality Co		2,468,206
	61,799		DuPont Fabros Technology, Inc		1,863,240
	53,467		Dynex Capital, Inc		394,052
	13,241		Easterly Government Properties, Inc		209,208
	33,520		EastGroup Properties, Inc		2,017,904
	47,255		Education Realty Trust, Inc		1,495,148
	54,462		Entertainment Properties Trust		3,110,869
	70,365		Equity One, Inc		1,806,270
	61,792		Excel Trust, Inc		978,785
	142,296		FelCor Lodging Trust, Inc		1,331,891
	107,995		First Industrial Realty Trust, Inc		2,261,415
	57,300		First Potomac Realty Trust		650,355
	32,814	*	Forestar Real Estate Group, Inc		420,019
	84,855		Franklin Street Properties Corp		998,743
	5,672	*	FRP Holdings, Inc		167,381
	73,714		Geo Group, Inc		2,782,704
	24,140		Getty Realty Corp		401,207
	20,614		Gladstone Commercial Corp		330,236
	66,751		Government Properties Income Trust		1,152,790
	55,847		Gramercy Property Trust, Inc		1,366,018
	4,038		Great Ajax Corp		56,694
	32,397		Hannon Armstrong Sustainable Infrastructure Capital, Inc		650,208
	94,339		Hatteras Financial Corp		1,533,952
	98,501		Healthcare Realty Trust, Inc		2,367,964
	47,890		Hersha Hospitality Trust		1,298,777
	92,035		Highwoods Properties, Inc		3,895,841
	73,279		Hudson Pacific Properties		2,255,528
	23,770		Independence Realty Trust, Inc		194,201
	82,010		Inland Real Estate Corp		805,338
	121,823		Invesco Mortgage Capital, Inc		1,755,469
	120,145		Investors Real Estate Trust		866,245
	83,369	*	iStar Financial, Inc		1,092,134
	91,351	e	Kennedy-Wilson Holdings, Inc		2,313,007
	82,307		Kite Realty Group Trust		2,172,905
	110,760		LaSalle Hotel Properties		3,684,985

238

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	200,368		Lexington Realty Trust	$	1,723,165
	35,154		LTC Properties, Inc		1,542,206
	86,957		Mack-Cali Realty Corp		1,812,184
	12,876	*	Marcus & Millichap, Inc		659,766
	204,998		Medical Properties Trust, Inc		2,802,323
	57,617		Monmouth Real Estate Investment Corp (Class A)		577,322
	162,484		Monogram Residential Trust, Inc		1,517,601
	37,306		National Health Investors, Inc		2,434,217
	23,890		National Storage Affiliates Trust		282,619
	227,671		New Residential Investment Corp		3,572,158
	87,452		New Senior Investment Group, Inc		1,131,629
	106,701		New York Mortgage Trust, Inc		798,123
	145,924	*	New York REIT, Inc		1,511,773
	17,860		NexPoint Residential Trust, Inc		231,644
	12,738		One Liberty Properties, Inc		287,879
	17,936		Orchid Island Capital, Inc		154,608
	88,663		Parkway Properties, Inc		1,590,614
	70,657		Pebblebrook Hotel Trust		2,875,740
	67,375		Pennsylvania REIT		1,476,860
	72,859		Pennymac Mortgage Investment Trust		1,293,976
	69,500		Physicians Realty Trust		1,114,780
	42,819		Potlatch Corp		1,499,093
	21,712		Preferred Apartment Communities, Inc		245,997
	20,506		PS Business Parks, Inc		1,578,757
	28,100		QTS Realty Trust, Inc		1,166,150
	80,803		RAIT Investment Trust		423,408
	77,193		Ramco-Gershenson Properties		1,307,649
	10,771		Re/Max Holdings, Inc		407,359
	82,219		Redwood Trust, Inc		1,274,395
	130,650		Resource Capital Corp		467,727
	94,615		Retail Opportunities Investment Corp		1,622,647
	54,038		Rexford Industrial Realty, Inc		787,334
	129,890		RLJ Lodging Trust		3,874,619
	35,729		Rouse Properties, Inc		628,830
	42,496		Ryman Hospitality Properties		2,429,921
	58,316		Sabra Healthcare REIT, Inc		1,594,943
	11,205		Saul Centers, Inc		581,315
	61,858		Select Income REIT		1,241,490
	35,469		Silver Bay Realty Trust Corp		574,952
	35,045		Sovran Self Storage, Inc		3,336,634
	63,476	*,e	St. Joe Co		1,031,485
	63,467		STAG Industrial, Inc		1,246,492
	40,921		Starwood Waypoint Residential Trust		1,001,746
	32,751		STORE Capital Corp		687,771
	270,616	*	Strategic Hotels & Resorts, Inc		3,699,321
	85,107		Summit Hotel Properties, Inc		1,160,008
	46,075		Sun Communities, Inc		3,202,673
	205,410		Sunstone Hotel Investors, Inc		2,890,119
	13,376	*	Tejon Ranch Co		331,992
	42,494		Terreno Realty Corp		891,099
	17,695		Trade Street Residential, Inc		124,042
	23,702		UMH Properties, Inc		227,539

239

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	30,228		United Development Funding IV	$	548,336
	12,310		Universal Health Realty Income Trust		602,821
	87,228		Urban Edge Properties		1,872,785
	26,960		Urstadt Biddle Properties, Inc (Class A)		514,936
	66,936		Washington REIT		1,796,562
	40,897		Western Asset Mortgage Capital Corp		567,241
	22,229		Whitestone REIT		287,421
	109,679		Xenia Hotels & Resorts, Inc		2,273,646
			TOTAL REAL ESTATE		171,189,991
RETAILING - 4.5%
	24,384	*	1-800-FLOWERS.COM, Inc (Class A)		242,621
	68,597	e	Abercrombie & Fitch Co (Class A)		1,378,114
	187,365		American Eagle Outfitters, Inc		3,325,729
	8,046	*	America’s Car-Mart, Inc		372,208
	45,360	*	Ann Taylor Stores Corp		2,075,220
	25,764	*	Asbury Automotive Group, Inc		2,274,961
	138,313	*	Ascena Retail Group, Inc		1,731,679
	50,548	*	Barnes & Noble, Inc		1,328,907
	30,027		Bebe Stores, Inc		55,250
	17,760		Big 5 Sporting Goods Corp		195,538
	53,419	e	Big Lots, Inc		2,306,632
	11,975	*	Blue Nile, Inc		379,847
	12,382	*	Boot Barn Holdings, Inc		391,271
	27,769	e	Buckle, Inc		1,228,223
	13,582	*	Build-A-Bear Workshop, Inc		237,006
	75,214	*	Burlington Stores, Inc		4,139,779
	42,710		Caleres, Inc		1,411,138
	25,862		Cato Corp (Class A)		993,359
	140,771		Chico’s FAS, Inc		2,142,535
	20,109		Children’s Place Retail Stores, Inc		1,164,311
	42,403	*	Christopher & Banks Corp		136,962
	15,428	*	Citi Trends, Inc		367,341
	27,369	*,e	Conn’s, Inc		944,778
	15,469	*,e	Container Store Group, Inc		281,226
	22,506		Core-Mark Holding Co, Inc		1,430,706
	33,183	*	Destination XL Group, Inc		162,265
	19,614	*,e	Etsy, Inc		408,756
	57,760	*	EVINE Live, Inc		126,494
	83,757	*	Express Parent LLC		1,594,733
	13,392	*	Fenix Parts, Inc		122,403
	44,921		Finish Line, Inc (Class A)		1,234,878
	53,941	*,e	Five Below, Inc		1,988,805
	41,371	*	Francesca’s Holdings Corp		503,071
	36,194		Fred’s, Inc (Class A)		652,940
	17,826	*	FTD Cos, Inc		519,271
	23,449	*	Genesco, Inc		1,516,916
	23,025		Group 1 Automotive, Inc		2,232,734
	61,642	e	Guess?, Inc		1,349,343
	19,812		Haverty Furniture Cos, Inc		439,430
	24,711	*,e	Hibbett Sports, Inc		1,125,586
	30,618		HSN, Inc		2,250,729

240

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	16,867		Kirkland’s, Inc	$	460,132
	16,071	*,e	Lands’ End, Inc		378,954
	73,949	*	Liberty TripAdvisor Holdings, Inc		2,165,966
	21,552		Lithia Motors, Inc (Class A)		2,579,559
	27,676	*,e	Lumber Liquidators, Inc		534,147
	24,891	*	MarineMax, Inc		449,531
	20,184	*,e	Mattress Firm Holding Corp		1,248,380
	46,198		Men’s Wearhouse, Inc		2,749,705
	31,101		Monro Muffler, Inc		1,967,138
	28,196		Nutri/System, Inc		847,290
	110,791	*,e	Orbitz Worldwide, Inc		1,249,722
	18,750	e	Outerwall, Inc		1,327,875
	12,308	*	Overstock.com, Inc		260,437
	25,493	*	Party City Holdco, Inc		525,666
	53,609	*	PEP Boys - Manny Moe & Jack		635,267
	19,786	e	PetMed Express, Inc		333,394
	90,142	e	Pier 1 Imports, Inc		1,064,577
	52,629		Rent-A-Center, Inc		1,409,931
	31,861	*,e	Restoration Hardware Holdings, Inc		3,232,617
	51,844	*	Select Comfort Corp		1,350,018
	14,764		Shoe Carnival, Inc		417,969
	36,669	*	Shutterfly, Inc		1,585,934
	32,127		Sonic Automotive, Inc (Class A)		748,238
	17,558	*,e	Sportsman’s Warehouse Holdings, Inc		205,253
	31,143	e	Stage Stores, Inc		548,117
	28,620		Stein Mart, Inc		291,638
	10,728	*	Systemax, Inc		73,165
	28,109	*,e	Tile Shop Holdings, Inc		401,397
	10,913	*	Tilly’s, Inc		98,763
	105,615	e	Travelport Worldwide Ltd		1,346,591
	43,429	*	Tuesday Morning Corp		407,364
	29,096	*	Vitamin Shoppe, Inc		1,069,569
	18,328	*	VOXX International Corp (Class A)		146,624
	20,147	*,e	Wayfair, Inc		751,685
	17,573	*	West Marine, Inc		159,563
	2,170		Winmark Corp		219,951
	65,524	*,e	zulily, Inc		865,572
	22,032	*	Zumiez, Inc		575,035
			TOTAL RETAILING		81,446,429
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.8%
	40,359	*	Advanced Energy Industries, Inc		1,057,002
	630,371	*,e	Advanced Micro Devices, Inc		1,216,616
	24,661	*,e	Alpha & Omega Semiconductor Ltd		193,589
	31,003	*,e	Ambarella, Inc		3,592,318
	100,771	*	Amkor Technology, Inc		444,400
	78,351	*,e	Applied Micro Circuits Corp		486,560
	114,808	*	Axcelis Technologies, Inc		338,684
	65,818		Brooks Automation, Inc		694,380
	24,292	*	Cabot Microelectronics Corp		1,101,399
	13,374	*	Cascade Microtech, Inc		199,406
	54,578	*	Cavium Networks, Inc		3,700,388

241

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	20,232	*	Ceva, Inc	$	378,945
	16	*,m	China Energy Savings Technology, Inc		0
	63,481	*	Cirrus Logic, Inc		2,095,508
	24,765		Cohu, Inc		245,421
	37,020	*	Diodes, Inc		821,474
	20,670	*	DSP Group, Inc		180,449
	136,715	*	Entegris, Inc		2,025,433
	39,003	*	Exar Corp		306,954
	113,550	*	Fairchild Semiconductor International, Inc		1,710,063
	56,508	*	Formfactor, Inc		408,553
	37,365	*	Inphi Corp		849,306
	141,063	*	Integrated Device Technology, Inc		2,695,714
	31,405		Integrated Silicon Solution, Inc		688,712
	128,559		Intersil Corp (Class A)		1,430,862
	24,815		IXYS Corp		259,565
	68,467	*	Kopin Corp		204,032
	114,367	*	Lattice Semiconductor Corp		562,686
	22,971	*,e	MA-COM Technology Solutions		774,352
	72,816	*	Mattson Technology, Inc		208,254
	50,487	*	MaxLinear, Inc		549,298
	50,793		Micrel, Inc		708,562
	93,522	*	Microsemi Corp		3,080,615
	52,038		MKS Instruments, Inc		1,847,349
	38,536		Monolithic Power Systems, Inc		1,992,697
	23,076	*	Nanometrics, Inc		315,680
	27,311	*	NeoPhotonics Corp Ltd		241,975
	4,803		NVE Corp		286,739
	56,645	*	Omnivision Technologies, Inc		1,383,271
	26,317	*	PDF Solutions, Inc		368,701
	21,035		Pericom Semiconductor Corp		251,789
	65,322	*	Photronics, Inc		538,906
	172,190	*	PMC - Sierra, Inc		1,172,614
	30,313		Power Integrations, Inc		1,174,932
	113,388	*	Rambus, Inc		1,484,249
	31,230	*	Rudolph Technologies, Inc		350,401
	65,071	*	Semtech Corp		1,144,599
	34,576	*	Sigma Designs, Inc		358,553
	41,644	*	Silicon Laboratories, Inc		1,873,564
	51,290		Tessera Technologies, Inc		1,777,711
	32,683	*	Ultra Clean Holdings		247,737
	26,957	*	Ultratech, Inc		429,155
	39,531	*	Veeco Instruments, Inc		1,023,062
	55,509	*	Xcerra Corp		348,874
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		51,822,058
SOFTWARE & SERVICES - 9.4%
	10,176	*,e	6D Global Technologies, Inc		45,792
	36,452	*	A10 Networks, Inc		237,303
	114,871	*	ACI Worldwide, Inc		2,718,997
	39,588	*	Actua Corp		583,131
	76,736	*	Acxiom Corp		1,374,342
	16,648	*,e	Amber Road, Inc		98,223

242

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	24,391	*	American Software, Inc (Class A)	$	224,885
	42,743	*,e	Angie’s List, Inc		213,715
	4,727	*,e	Apigee Corp		38,052
	83,865	*	Aspen Technology, Inc		3,721,929
	40,417	*	AVG Technologies NV		1,161,585
	67,576	*	Bankrate, Inc		616,293
	7,878	*	Barracuda Networks, Inc		216,172
	59,500	*,e	Bazaarvoice, Inc		335,580
	7,688	*,e	Benefitfocus, Inc		286,301
	45,839		Blackbaud, Inc		2,803,513
	53,648	*	Blackhawk Network Holdings, Inc		2,464,053
	39,857	*	Blucora, Inc		564,774
	39,880	*	Bottomline Technologies, Inc		1,095,105
	12,585	*,e	Box, Inc		205,513
	31,734	*	Brightcove, Inc		173,585
	28,788	*	BroadSoft, Inc		1,005,277
	23,580	*	CACI International, Inc (Class A)		1,936,625
	54,779	*	Callidus Software, Inc		909,331
	17,791	*	Carbonite, Inc		212,425
	43,926	*	Cardtronics, Inc		1,628,337
	18,583	*,e	Care.com, Inc		111,498
	11,341		Cass Information Systems, Inc		596,537
	21,208	*	ChannelAdvisor Corp		213,989
	77,067	*	Ciber, Inc		255,092
	31,482	*,e	Cimpress NV		2,031,533
	841	*,e	Code Rebel Corp		5,837
	44,118	*	Commvault Systems, Inc		1,653,101
	33,636	*	comScore, Inc		1,967,706
	22,155	*	Comverse, Inc		449,082
	31,613	*	Constant Contact, Inc		816,880
	96,407		Convergys Corp		2,420,780
	53,315	*	Cornerstone OnDemand, Inc		1,922,539
	61,733	*,e	Coupons.com, Inc		600,662
	31,942		CSG Systems International, Inc		993,396
	22,954	*	Cvent, Inc		617,922
	28,193	*	Cyan, Inc		160,700
	20,219	*	Datalink Corp		137,085
	54,400	*	DealerTrack Holdings, Inc		3,376,608
	33,185	*	Demandware, Inc		2,507,459
	42,638	*	DHI Group, Inc		339,825
	7,483	e	Digimarc Corp		297,374
	47,454	*,e	Digital Turbine, Inc		115,313
	100,625		EarthLink Holdings Corp		738,588
	26,154	e	Ebix, Inc		810,512
	28,816	*	Ellie Mae, Inc		2,260,615
	58,654	*,e	Endurance International Group Holdings, Inc		1,185,397
	26,484	*,e	EnerNOC, Inc		217,963
	35,010	*	Envestnet, Inc		1,585,603
	46,741	*	EPAM Systems, Inc		3,463,976
	31,782		EPIQ Systems, Inc		525,992
	5,465	*	ePlus, Inc		420,313
	51,207	*	Euronet Worldwide, Inc		3,507,680

243

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	64,630		EVERTEC, Inc	$	1,216,337
	20,583	*	Everyday Health, Inc		244,320
	32,674	*	ExlService Holdings, Inc		1,266,771
	30,403		Fair Isaac Corp		2,757,248
	23,015	*	Five9, Inc		108,401
	37,446	*,e	FleetMatics Group plc		1,792,540
	12,050		Forrester Research, Inc		376,924
	27,423	*	Gigamon, Inc		737,130
	64,178	*	Global Cash Access, Inc		324,099
	14,812	*	Globant S.A.		471,022
	120,650	*,e	Glu Mobile, Inc		707,612
	54,827	*,e	Gogo, Inc		999,496
	74,716	*	GrubHub, Inc		2,369,244
	23,830	*	GTT Communications, Inc		553,571
	18,586	*,e	Guidance Software, Inc		187,161
	69,226	*	Guidewire Software, Inc		4,087,795
	23,423		Hackett Group, Inc		299,814
	35,745		Heartland Payment Systems, Inc		2,226,914
	7,285	*,e	Hortonworks, Inc		176,734
	18,802	*,e	HubSpot, Inc		1,014,368
	25,958	*	Imperva, Inc		1,705,441
	55,267	*	Infoblox, Inc		1,298,775
	18,441	*,e	Interactive Intelligence, Inc		764,564
	54,269	*	Internap Network Services Corp		499,818
	45,978		j2 Global, Inc		3,236,851
	45,109	*	Jive Software, Inc		212,914
	25,815	*	Knot, Inc		382,836
	59,233	*	Limelight Networks, Inc		223,308
	61,565	*	Lionbridge Technologies		362,002
	24,779	*,e	Liquidity Services, Inc		222,515
	55,081	*	Liveperson, Inc		529,328
	24,022	*	LogMeIn, Inc		1,767,539
	17,795	*	Luxoft Holding, Inc		1,116,814
	70,912	*	Manhattan Associates, Inc		4,596,516
	23,335		Mantech International Corp (Class A)		695,616
	31,255		Marchex, Inc (Class B)		143,773
	29,240	*	Marin Software, Inc		163,452
	33,927	*,e	Marketo, Inc		1,031,720
	63,302		MAXIMUS, Inc		4,317,829
	6,333	*,e	MaxPoint Interactive, Inc		56,174
	97,542		Mentor Graphics Corp		2,544,871
	9,061	*	MicroStrategy, Inc (Class A)		1,847,085
	104,595	*,e	Millennial Media, Inc		179,903
	37,621	*,e	MobileIron, Inc		215,192
	20,384	*	Model N, Inc		231,562
	35,712	*,e	ModusLink Global Solutions, Inc		116,064
	28,615	*	MoneyGram International, Inc		291,873
	41,607		Monotype Imaging Holdings, Inc		1,037,263
	90,465	*,e	Monster Worldwide, Inc		637,778
	90,030	*	Netscout Systems, Inc		3,590,396
	54,823	*,e	NeuStar, Inc (Class A)		1,692,386
	5,567	*	New Relic, Inc		193,732

244

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	63,920		NIC, Inc	$	1,153,117
	25,440	*,e	OPOWER, Inc		255,672
	10,334	*,e	Park City Group, Inc		135,479
	31,738	*	Paycom Software, Inc		1,015,616
	15,126	*	Paylocity Holding Corp		543,326
	34,892		Pegasystems, Inc		945,224
	35,004	*	Perficient, Inc		568,115
	11,782	*,e	PFSweb, Inc		148,689
	53,031	*	Progress Software Corp		1,573,960
	37,326	*	Proofpoint, Inc		2,414,992
	23,264	*	PROS Holdings, Inc		508,784
	19,012	*	Q2 Holdings, Inc		516,936
	9,874		QAD, Inc (Class A)		263,537
	89,789	*	QLIK Technologies, Inc		3,632,863
	24,909	*	Qualys, Inc		920,637
	34,576	*	QuinStreet, Inc		201,232
	21,714	*	RealNetworks, Inc		101,622
	55,187	*	RealPage, Inc		1,059,590
	8,341		Reis, Inc		204,021
	37,244	*	RetailMeNot, Inc		564,247
	20,099	*,e	Rocket Fuel, Inc		153,154
	87,258	*	Rovi Corp		958,965
	25,016	*	Rubicon Project, Inc		436,029
	23,257	e	Sapiens International Corp NV		249,548
	43,453		Science Applications International Corp		2,332,557
	26,858	*	Sciquest, Inc		319,342
	32,419	*	Seachange International, Inc		223,367
	57,465	*	ServiceSource International LLC		304,565
	19,229	*,e	Shutterstock, Inc		1,027,405
	35,655	*,e	Silver Spring Networks, Inc		399,336
	16,283	*	SPS Commerce, Inc		1,174,818
	13,921	*	Stamps.com, Inc		954,981
	38,163	*	Sykes Enterprises, Inc		930,414
	38,213	*	Synchronoss Technologies, Inc		1,826,581
	31,533	*	Syntel, Inc		1,377,677
	39,161	*	TA Indigo Holding Corp		444,869
	83,418	*	Take-Two Interactive Software, Inc		2,634,340
	38,022	*	Tangoe, Inc		419,002
	18,841	*	TechTarget, Inc		163,163
	48,794	*	TeleCommunication Systems, Inc (Class A)		179,074
	28,892	*	TeleNav, Inc		202,244
	16,394		TeleTech Holdings, Inc		444,769
	19,230	*,e	Textura Corp		557,670
	94,668	*	TiVo, Inc		942,893
	7,507	*	Travelzoo, Inc		67,113
	49,976	*,e	TrueCar, Inc		325,844
	13,518	*	TubeMogul, Inc		191,009
	32,389	*	Tyler Technologies, Inc		4,519,561
	49,932	*	Unisys Corp		792,421
	14,227	*	United Online, Inc		197,755
	8,703	*,e	Varonis Systems, Inc		180,935
	29,509	*,e	Vasco Data Security International		601,689

245

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	58,683	*	Verint Systems, Inc	$	3,416,524
	44,279	*,e	VirnetX Holding Corp		205,012
	28,901	*	Virtusa Corp		1,385,514
	36,860	*	WebMD Health Corp (Class A)		1,606,359
	43,761	*	Website Pros, Inc		1,089,211
	18,222	*,e	Wix.com Ltd		510,216
	7,011	*	Workiva, Inc		102,291
	31,693	*	Xoom Corp		787,571
	17,484	*	Yodlee, Inc		219,599
	53,523	*	Zendesk, Inc		1,104,179
	56,021	*	Zix Corp		273,382
			TOTAL SOFTWARE & SERVICES		171,962,393
TECHNOLOGY HARDWARE & EQUIPMENT - 4.6%
	51,975		Adtran, Inc		857,587
	22,655	*,e	Aerohive Networks, Inc		175,576
	15,013	*	Agilysys, Inc		127,160
	14,194		Alliance Fiber Optic Products, Inc		284,874
	27,894		Anixter International, Inc		1,846,862
	15,253	*,e	Applied Optoelectronics, Inc		296,671
	31,524	*,e	Avid Technology, Inc		386,484
	45,226		AVX Corp		609,194
	14,225		Badger Meter, Inc		836,714
	9,564		Bel Fuse, Inc (Class B)		211,173
	41,600		Belden CDT, Inc		2,463,968
	51,061	*	Benchmark Electronics, Inc		1,126,406
	13,636		Black Box Corp		213,540
	35,292	*,e	CalAmp Corp		603,846
	43,314	*	Calix Networks, Inc		365,137
	41,018		Checkpoint Systems, Inc		358,497
	115,766	*	Ciena Corp		2,946,245
	10,845	*,e	Clearfield, Inc		213,430
	23,226	*	Coherent, Inc		1,345,947
	15,632		Comtech Telecommunications Corp		450,358
	20,292	*,e	Control4 Corp		168,424
	39,917	*	Cray, Inc		1,035,447
	32,766		CTS Corp		615,673
	36,739		Daktronics, Inc		419,927
	63,192		Diebold, Inc		2,151,688
	24,046	*	Digi International, Inc		243,345
	61,208	*	Dot Hill Systems Corp		386,835
	17,639	*	DTS, Inc		502,535
	21,022	*,e	Eastman Kodak Co		286,530
	11,875		Electro Rent Corp		119,344
	45,703	*	Electronics for Imaging, Inc		2,088,627
	24,144	*	EMCORE Corp		149,451
	101,739	*	Extreme Networks, Inc		236,034
	34,526	*	Fabrinet		640,803
	16,942	*	FARO Technologies, Inc		743,584
	40,851		FEI Co		3,511,960
	102,759	*	Finisar Corp		1,789,034
	33,593	*	GSI Group, Inc		476,013

246

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	86,866	*	Harmonic, Inc	$	522,065
	51,183	*	II-VI, Inc		870,111
	33,579	*,e	Imation Corp		137,674
	27,393	*	Immersion Corp		375,832
	122,815	*,e	Infinera Corp		2,940,191
	37,787	*	Insight Enterprises, Inc		1,019,871
	35,175		InterDigital, Inc		1,901,912
	76,838	*,e	InvenSense, Inc		1,006,578
	38,676	*	Itron, Inc		1,246,527
	59,314	*	Ixia		782,945
	28,451	*	Kimball Electronics, Inc		381,528
	86,052	*,e	Knowles Corp		1,639,291
	16,067	*	KVH Industries, Inc		197,303
	22,009		Littelfuse, Inc		2,024,828
	33,392	*	Mercury Computer Systems, Inc		470,493
	2,814	e	Mesa Laboratories, Inc		291,362
	38,340		Methode Electronics, Inc		1,028,662
	15,749		MTS Systems Corp		1,017,543
	9,272	*	Multi-Fineline Electronix, Inc		165,598
	33,799	*	Netgear, Inc		1,131,928
	39,077	*	Newport Corp		618,980
	50,251	*,e	Nimble Storage, Inc		1,387,933
	36,678	*	Novatel Wireless, Inc		90,595
	98,029	*,e	Oclaro, Inc		225,467
	19,328	*	OSI Systems, Inc		1,356,439
	20,087		Park Electrochemical Corp		354,736
	9,596		PC Connection, Inc		212,935
	38,292		Plantronics, Inc		2,223,999
	32,779	*	Plexus Corp		1,250,191
	131,643	*	Polycom, Inc		1,498,097
	85,067	*	QLogic Corp		754,544
	209,644	*	Quantum Corp		222,223
	40,892	*	RealD, Inc		513,195
	27,502	*	Rofin-Sinar Technologies, Inc		685,900
	18,170	*	Rogers Corp		1,016,975
	73,335	*	Ruckus Wireless, Inc		904,220
	80,598	*	Sanmina Corp		1,778,798
	27,926	*	Scansource, Inc		1,056,441
	63,337	*	ShoreTel, Inc		449,059
	34,136	*,e	Silicon Graphics International Corp		174,435
	51,488	*	Sonus Networks, Inc		415,508
	50,371	*,e	Stratasys Ltd		1,547,901
	35,991	*	Super Micro Computer, Inc		959,880
	36,515	*	Synaptics, Inc		2,898,561
	28,048		SYNNEX Corp		2,121,270
	36,080	*	Tech Data Corp		2,104,546
	57,840	*	TTM Technologies, Inc		528,079
	30,361	e	Ubiquiti Networks, Inc		978,231
	37,522	*	Universal Display Corp		1,790,175
	41,924	*,e	Viasat, Inc		2,599,288
	87,069	*,e	Violin Memory, Inc		205,483
	133,557		Vishay Intertechnology, Inc		1,533,234

247

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	12,081	*	Vishay Precision Group, Inc	$	168,651
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		85,063,134
TELECOMMUNICATION SERVICES - 0.8%
	85,994	*	8x8, Inc		749,008
	9,992		Atlantic Tele-Network, Inc		706,834
	35,687	*	Boingo Wireless, Inc		347,234
	211,103	*	Cincinnati Bell, Inc		825,413
	45,178		Cogent Communications Group, Inc		1,436,209
	49,252	e	Consolidated Communications Holdings, Inc		981,592
	20,369	*	Fairpoint Communications, Inc		338,533
	34,532	*	General Communication, Inc (Class A)		635,389
	475,841	*,e	Globalstar, Inc		984,991
	10,932	*	Hawaiian Telcom Holdco, Inc		272,207
	16,347		IDT Corp (Class B)		278,226
	59,820	*	inContact, Inc		555,129
	33,235		Inteliquent, Inc		604,877
	27,375	*,e	Intelsat S.A.		260,336
	80,350	*,e	Iridium Communications, Inc		596,197
	22,137		Lumos Networks Corp		309,032
	16,690	*	NTELOS Holdings Corp		106,649
	57,661	*	Orbcomm, Inc		355,192
	12,678	*,e	Pacific DataVision, Inc		370,705
	45,377	*	Premiere Global Services, Inc		489,618
	52,242	*	RingCentral, Inc		1,029,167
	24,281		Shenandoah Telecom Co		834,781
	20,651		Spok Holdings, Inc		345,491
	9,110	*,e	Straight Path Communications, Inc		214,723
	68	*,m	Touch America Holdings, Inc		0
	181,561	*	Vonage Holdings Corp		1,160,175
	102,001	e	Windstream Holdings, Inc		494,705
			TOTAL TELECOMMUNICATION SERVICES		15,282,413
TRANSPORTATION - 1.8%
	51,328	*	Air Transport Services Group, Inc		531,245
	12,909		Allegiant Travel Co		2,746,132
	25,630		Arkansas Best Corp		847,071
	24,398	*	Atlas Air Worldwide Holdings, Inc		1,199,162
	26,683	*	Celadon Group, Inc		579,021
	56,198		Con-Way, Inc		2,179,920
	11,427	*	Covenant Transportation Group, Inc		269,791
	21,729	*	Eagle Bulk Shipping, Inc		187,739
	28,944	*	Echo Global Logistics, Inc		934,891
	31,774		Forward Air Corp		1,542,628
	54,676	*,e	Golden Ocean Group Ltd (Oslo)		212,690
	47,527	*	Hawaiian Holdings, Inc		1,032,286
	52,720		Heartland Express, Inc		1,124,518
	37,089	*	Hub Group, Inc (Class A)		1,562,560
	61,355		Knight Transportation, Inc		1,659,039
	24,395		Marten Transport Ltd		473,019
	42,395		Matson, Inc		1,756,001
	79,459		Navios Maritime Holdings, Inc		293,998

248

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	3,157	*	PAM Transportation Services, Inc	$	166,058
	8,589		Park-Ohio Holdings Corp		385,732
	27,965	*	Quality Distribution, Inc		444,923
	26,493	*	Radiant Logistics, Inc		168,231
	49,597	*	Republic Airways Holdings, Inc		249,969
	27,977	*	Roadrunner Transportation Services Holdings, Inc		732,438
	20,067		Safe Bulkers, Inc		69,030
	24,857	*	Saia, Inc		1,079,291
	300,871	*,e	Scorpio Bulkers, Inc		544,576
	50,422		Skywest, Inc		834,988
	87,071	*	Swift Transportation Co, Inc		2,074,031
	18,824	*,e	Ultrapetrol Bahamas Ltd		14,769
	8,612		Universal Truckload Services, Inc		181,972
	9,571	*	USA Truck, Inc		187,209
	90,508	*	UTI Worldwide, Inc		760,267
	25,381	*,e	Virgin America, Inc		846,203
	43,292		Werner Enterprises, Inc		1,222,566
	61,179	*	Wesco Aircraft Holdings, Inc		880,366
	68,250	*,e	XPO Logistics, Inc		2,958,637
	32,486	*	YRC Worldwide, Inc		626,980
			TOTAL TRANSPORTATION		33,559,947
UTILITIES - 3.4%
	48,014	e	Abengoa Yield plc		1,218,595
	48,086		Allete, Inc		2,322,073
	36,839		American States Water Co		1,420,143
	9,160		Artesian Resources Corp		197,581
	119,644	e	Atlantic Power Corp		297,913
	60,707		Avista Corp		2,004,545
	43,716		Black Hills Corp		1,821,209
	46,688		California Water Service Group		1,005,193
	14,512		Chesapeake Utilities Corp		746,207
	57,633		Cleco Corp		3,136,964
	10,866		Connecticut Water Service, Inc		369,879
	14,359	e	Consolidated Water Co, Inc		173,744
	125,811	*	Dynegy, Inc		3,277,376
	39,375		El Paso Electric Co		1,434,431
	42,530		Empire District Electric Co		978,615
	12,088	e	Genie Energy Ltd		125,111
	49,112		Idacorp, Inc		3,050,346
	42,251		Laclede Group, Inc		2,286,202
	36,542		MGE Energy, Inc		1,449,987
	18,365		Middlesex Water Co		417,620
	83,443		New Jersey Resources Corp		2,411,503
	29,107		Northwest Natural Gas Co		1,260,042
	45,892		NorthWestern Corp		2,470,825
	33,615	e	NRG Yield, Inc (Class A)		662,552
	59,502	e	NRG Yield, Inc (Class C)		1,147,794
	51,291		ONE Gas, Inc		2,309,634
	36,398	e	Ormat Technologies, Inc		1,480,671
	38,927		Otter Tail Corp		1,008,988
	51,002	e	Pattern Energy Group, Inc		1,245,979

249

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	77,570		Piedmont Natural Gas Co, Inc	$	2,948,436
	78,669		PNM Resources, Inc		2,075,288
	77,130		Portland General Electric Co		2,777,451
	15,647		SJW Corp		467,063
	66,722		South Jersey Industries, Inc		1,617,341
	45,695		Southwest Gas Corp		2,574,456
	2,797		Spark Energy, Inc		44,388
	81,665	*	Talen Energy Corp		1,284,590
	55,205		UIL Holdings Corp		2,646,528
	13,231		Unitil Corp		470,362
	20,056	*,e	Vivint Solar, Inc		306,055
	47,098		WGL Holdings, Inc		2,632,778
	14,285		York Water Co		304,842
			TOTAL UTILITIES		61,881,300
			TOTAL COMMON STOCKS		1,825,804,500
			(Cost $1,402,312,215)
RIGHTS / WARRANTS - 0.0%
ENERGY - 0.0%
	16,387	e,m	Magnum Hunter Resources Corp		0
			TOTAL ENERGY		0
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	8,325	m	Forest Laboratories, Inc CVR		7,909
	6,861	m	Furiex Pharmaceuticals, Inc		67,032
	5,149	m	Omthera Pharmaceuticals, Inc		3,089
	34,794	e,m	Trius Therapeutics, Inc		4,523
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		82,553
SOFTWARE & SERVICES - 0.0%
	17,421	m	Gerber Scientific, Inc		0
			TOTAL SOFTWARE & SERVICES		0
TELECOMMUNICATION SERVICES - 0.0%
	55,538	m	Leap Wireless International, Inc		139,956
			TOTAL TELECOMMUNICATION SERVICES		139,956
			TOTAL RIGHTS / WARRANTS		222,509
			(Cost $207,423)
SHORT-TERM INVESTMENTS - 14.0%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 14.0%
	255,786,864	a,c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust		255,786,864
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		255,786,864
			TOTAL SHORT-TERM INVESTMENTS		255,786,864
			(Cost $255,786,864)
			TOTAL INVESTMENTS - 113.6%		2,081,813,873
			(Cost $1,658,306,502)
			OTHER ASSETS & LIABILITIES, NET - (13.6)%		(249,429,028	)
			NET ASSETS - 100.0%	$	1,832,384,845

250

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

	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 $248,323,487.
m	Indicates a security that has been deemed illiquid.

251

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2015

						MATURITY
PRINCIPAL			ISSUER	RATE		DATE	VALUE
CORPORATE BONDS - 0.0%
INDIA - 0.0%
INR	5,540,150		NTPC Ltd		8.490%	03/25/25	$	88,479
			TOTAL INDIA					88,479
			TOTAL CORPORATE BONDS (Cost $90,376)					88,479
SHARES			COMPANY
COMMON STOCKS - 99.5%
BRAZIL - 6.5%
	25,358		AES Tiete S.A.					135,531
	1,359,051		AMBEV S.A.					7,724,158
	30,400	*	B2W Companhia Global Do Varejo					159,815
	206,396		Banco Bradesco S.A.					1,667,347
	718,396		Banco Bradesco S.A. (Preference)					5,723,753
	239,786		Banco do Brasil S.A.					1,544,205
	44,068		Banco do Estado do Rio Grande do Sul					127,289
	871,179		Banco Itau Holding Financeira S.A.					7,653,460
	102,739		Banco Santander Brasil S.A.					480,096
	196,200		BB Seguridade Participacoes S.A.					1,847,997
	516,474		BM&F Bovespa S.A.					1,574,786
	119,900		BR Malls Participacoes S.A.					449,982
	40,115		Braskem S.A.					146,919
	189,356		BRF S.A.					3,974,654
	73,992		Centrais Eletricas Brasileiras S.A. (Preference)					184,551
	65,141		CETIP S.A.-Balcao Organizado de Ativos e Derivativos					674,630
	46,957		Cia Brasileira de Distribuicao Grupo Pao de Acucar					1,028,571
	244,556		Cia de Concessoes Rodoviarias					1,087,090
	94,800		Cia de Saneamento Basico do Estado de Sao Paulo					483,697
	212,491		Cia Energetica de Minas Gerais					585,848
	55,720		Cia Energetica de Sao Paulo (Class B)					311,314
	25,195		Cia Paranaense de Energia					259,606
	172,530		Cia Siderurgica Nacional S.A.					218,185
	244,666		Cielo S.A.					3,124,825
	59,836		Cosan SA Industria e Comercio					363,495
	43,185		CPFL Energia S.A.					243,171
	68,905		Cyrela Brazil Realty S.A.					187,157
	47,328		EcoRodovias Infraestrutura e Logistica S.A.					95,929
	59,900		EDP - Energias do Brasil S.A.					228,302
	190,279		Empresa Brasileira de Aeronautica S.A.					1,328,193
	83,500		Estacio Participacoes S.A.					346,296
	69,263		Fibria Celulose S.A.					921,228

252

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	239,575		Gerdau S.A. (Preference)	$	412,825
	102,482	*	Hypermarcas S.A.		606,401
	196,464		JBS S.A.		884,216
	111,120		Klabin S.A.		688,993
	402,396		Kroton Educacional S.A.		1,128,230
	38,091		Localiza Rent A Car		312,609
	38,175		Lojas Americanas S.A.		148,845
	131,221		Lojas Americanas S.A.(Preference)		660,714
	35,430		Lojas Renner S.A.		1,126,761
	9,100		M Dias Branco S.A.		205,444
	20,400		Multiplan Empreendimentos Imobiliarios S.A.		277,942
	52,092		Natura Cosmeticos S.A.		387,349
	82,453		Odontoprev S.A.		267,784
	88,446	*	Oi S.A. (Preference)		125,025
	940,072	*	Petroleo Brasileiro S.A.		3,179,379
	1,238,346	*	Petroleo Brasileiro S.A. (Preference)		3,797,553
	23,781		Porto Seguro S.A.		270,388
	64,300		Qualicorp S.A.		382,162
	58,600		Raia Drogasil S.A.		744,662
	78,720		Satipel Industrial S.A.		160,017
	105,845		Souza Cruz S.A.		750,880
	38,405		Sul America SA		193,822
	99,900		Suzano Papel e Celulose S.A.		489,879
	98,621		Telefonica Brasil S.A.		1,299,892
	240,166		Tim Participacoes S.A.		658,642
	35,200		Totvus S.A.		360,435
	42,300		Tractebel Energia S.A.		447,838
	28,500		Transmissora Alianca de Energia Eletrica S.A.		174,382
	118,980		Ultrapar Participacoes S.A.		2,441,836
	127,217		Usinas Siderurgicas de Minas Gerais S.A. (Preference)		146,019
	368,000		Vale S.A.		1,920,636
	558,273		Vale S.A. (Preference)		2,388,674
	37,000		Via Varejo S.A.		93,474
	155,840		Weg S.A.		855,676
			TOTAL BRAZIL		72,871,464
CHILE - 1.2%
	491,917		AES Gener S.A.		263,200
	795,163		Aguas Andinas S.A.		420,364
	5,865,399		Banco de Chile		627,951
	7,019		Banco de Credito e Inversiones		308,859
	17,385,114		Banco Santander Chile S.A.		875,702
	388,947		Centros Comerciales Sudamericanos S.A.		834,628
	39,877		Cia Cervecerias Unidas S.A.		421,080
	1,840,066		Colbun S.A.		491,212
	35,298,761		CorpBanca S.A.		360,003
	75,287		Embotelladora Andina S.A.		213,912
	952,256		Empresa Nacional de Electricidad S.A.		1,298,667
	35,162		Empresa Nacional de Telecomunicaciones S.A.		363,344
	347,129		Empresas CMPC S.A.		925,077
	176,710		Empresas COPEC S.A.		1,768,044
	5,556,103		Enersis S.A.		1,673,424

253

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	87,032	*	Lan Airlines S.A.	$	547,626
	149,977		SACI Falabella		976,185
	26,182		Sociedad Quimica y Minera de Chile S.A. (Class B)		356,689
	151,286		Sonda S.A.		278,316
	106,834		Vina Concha y Toro S.A.		169,854
			TOTAL CHILE		13,174,137
CHINA - 21.6%
	228,500	e	AAC Technologies Holdings, Inc		1,295,406
	7,280,000		Agricultural Bank of China		3,284,038
	526,000		Air China Ltd		527,627
	716,000	*,e	Alibaba Health Information Technology Ltd		663,171
	1,242,000	*,e	Aluminum Corp of China Ltd		429,041
	387,500		Anhui Conch Cement Co Ltd		1,203,588
	315,000		Anta Sports Products Ltd		807,441
	660,000		AviChina Industry & Technology Co		552,350
	23,303,000		Bank of China Ltd		12,733,626
	2,653,500		Bank of Communications Co Ltd		2,332,314
	453,500		BBMG Corp		347,892
	474,000		Beijing Capital International Airport Co Ltd		487,973
	162,000		Beijing Enterprises Holdings Ltd		1,192,064
	1,340,000		Beijing Enterprises Water Group Ltd		1,000,238
	944,000		Brilliance China Automotive Holdings Ltd		1,250,458
	193,000	e	Byd Co Ltd		852,326
	2,064,000		CGN Power Co Ltd		907,180
	783,700	*,e	China Agri-Industries Holdings Ltd		341,266
	2,724,000	*	China Cinda Asset Management Co Ltd		1,214,922
	2,584,600	*	China Citic Bank		1,842,316
	1,288,000	e	China Coal Energy Co		628,397
	1,296,000		China Communications Construction Co Ltd		1,663,500
	808,400		China Communications Services Corp Ltd		366,013
	224,000		China Conch Venture Holdings Ltd		461,369
	24,555,350		China Construction Bank		20,031,417
	1,085,000		China Everbright Bank Co Ltd		604,209
	767,000		China Everbright International Ltd		1,178,370
	276,000		China Everbright Ltd		668,890
	1,002,000		China Galaxy Securities Co Ltd		903,040
	2,035,000	e	China Huishan Dairy Holdings Co Ltd		615,668
	472,224	*	China Insurance International Holdings Co Ltd		1,408,436
	165,900		China International Marine Containers Group Co Ltd		351,930
	2,175,000		China Life Insurance Co Ltd		8,011,075
	1,002,000		China Longyuan Power Group Corp		1,146,682
	343,000		China Medical System Holdings Ltd		455,723
	421,000		China Mengniu Dairy Co Ltd		1,903,442
	1,355,500		China Merchants Bank Co Ltd		3,501,499
	357,268		China Merchants Holdings International Co Ltd		1,305,956
	1,861,300		China Minsheng Banking Corp Ltd		2,092,500
	1,779,000		China Mobile Hong Kong Ltd		23,288,545
	910,000		China National Building Material Co Ltd		688,563
	586,000	e	China Oilfield Services Ltd		717,396
	1,170,000		China Overseas Land & Investment Ltd		3,684,512
	784,200		China Pacific Insurance Group Co Ltd		3,287,365

254

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	954,000		China Power International Development Ltd	$	675,343
	619,000		China Railway Construction Corp		802,629
	1,185,000		China Railway Group Ltd		1,010,707
	390,677	e	China Resources Enterprise		1,264,815
	280,000	e	China Resources Gas Group Ltd		853,622
	821,555		China Resources Land Ltd		2,301,829
	584,000		China Resources Power Holdings Co		1,500,037
	1,099,500		China Shenhua Energy Co Ltd		2,088,481
	1,285,000	*,e	China Shipping Container Lines Co Ltd		402,568
	514,000	*,e	China Southern Airlines Co Ltd		507,985
	570,000		China State Construction International Holdings Ltd		885,845
	4,186,000		China Telecom Corp Ltd		2,340,964
	1,806,000		China Unicom Ltd		2,534,709
	415,200	e	China Vanke Co Ltd		986,333
	270,600		Chongqing Changan Automobile Co Ltd		574,568
	794,000	*	Chongqing Rural Commercial Bank		567,808
	708,000		Citic Pacific Ltd		1,267,961
	612,000	e	CITIC Securities Co Ltd		1,672,721
	5,530,000		CNOOC Ltd		6,786,072
	932,000	*,e	COSCO Holdings		475,794
	567,158		COSCO Pacific Ltd		740,200
	1,783,675	e	Country Garden Holdings Co Ltd		698,997
	1,293,050	*,e	CRRC Corp Ltd		1,629,031
	1,306,000		CSPC Pharmaceutical Group Ltd		1,195,502
	92,700		Dalian Wanda Commercial Properties Co Ltd		672,025
	890,000		Datang International Power Generation Co Ltd		384,506
	844,000		Dongfeng Motor Group Co Ltd		970,856
	232,000		ENN Energy Holdings Ltd		1,539,631
	1,603,000	e	Evergrande Real Estate Group		1,061,123
	566,000	e	Far East Horizon Ltd		527,520
	543,500		Fosun International		1,143,590
	1,010,000	e	Franshion Properties China Ltd		326,728
	1,670,000	e	Geely Automobile Holdings Ltd		701,177
	257,000	*,e	GF Securities Co Ltd		498,309
	3,705,668	e	GOME Electrical Appliances Holdings Ltd		642,283
	296,000		Great Wall Motor Co Ltd		978,008
	888,000		Guangdong Investments Ltd		1,204,184
	698,000		Guangzhou Automobile Group Co Ltd		558,624
	311,600	*,e	Guangzhou R&F Properties Co Ltd		311,180
	208,000		Haitian International Holdings Ltd		430,504
	769,200		Haitong Securities Co Ltd		1,391,735
	231,000		Hengan International Group Co Ltd		2,581,963
	484,000		Huadian Power International Co		488,870
	1,078,000		Huaneng Power International, Inc		1,306,321
	1,258,000	e	Huaneng Renewables Corp Ltd		534,037
	267,400	*	Huatai Securities Co Ltd		571,204
	21,696,000		Industrial & Commercial Bank of China		14,904,889
	461,017		Inner Mongolia Yitai Coal Co		473,910
	444,000		Jiangsu Express		553,930
	450,000		Jiangxi Copper Co Ltd		609,150
	255,000	e	Kingsoft Corp Ltd		679,444
	2,008,000	e	Lenovo Group Ltd		2,176,347

255

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	458,500	e	Longfor Properties Co Ltd	$	654,700
	419,500	*	Luye Pharma Group Ltd		438,315
	236,000	*	New China Life Insurance Co Ltd		1,014,327
	2,067,000		People’s Insurance Co Group of China Ltd		1,071,557
	1,053,055		PICC Property & Casualty Co Ltd		2,191,090
	1,521,000		Ping An Insurance Group Co of China Ltd		8,752,683
	8,092,000	*,e	Semiconductor Manufacturing International		727,119
	596,000		Shandong Weigao Group Medical Polymer Co Ltd		399,379
	904,000	e	Shanghai Electric Group Co Ltd		558,090
	129,000		Shanghai Fosun Pharmaceutical Group Co Ltd		382,325
	154,000		Shanghai Industrial Holdings Ltd		452,827
	213,400		Shanghai Pharmaceuticals Holding Co Ltd		505,401
	177,000		Shenzhou International Group Holdings Ltd		929,610
	1,135,149	e	Shui On Land Ltd		310,244
	1,172,000	m	Sihuan Pharmaceutical Holdings		666,708
	1,053,471		Sino-Ocean Land Holdings Ltd		722,073
	403,000		Sinopec Engineering Group Co Ltd		329,849
	1,190,000	*	Sinopec Shanghai Petrochemical Co Ltd		485,200
	369,200		Sinopharm Group Co		1,417,477
	576,000		Sinotrans Ltd		354,294
	657,000	*	Soho China Ltd		413,324
	781,500	e	Sun Art Retail Group Ltd		594,901
	558,000	*,e	Sunac China Holdings Ltd		498,891
	1,485,200		Tencent Holdings Ltd		27,670,220
	620,000		Tingyi Cayman Islands Holding Corp		1,193,246
	130,000	e	Tsingtao Brewery Co Ltd		692,836
	1,873,000	e	Want Want China Holdings Ltd		1,940,480
	326,400	e	Weichai Power Co Ltd		489,638
	952,000	e	Yanzhou Coal Mining Co Ltd		542,875
	2,154,160		Yuexiul Property Co Ltd		424,820
	452,000		Zhejiang Expressway Co Ltd		520,181
	153,500		Zhuzhou CSR Times Electric Co Ltd		1,040,651
	1,884,000	e	Zijin Mining Group Co Ltd		503,400
	226,464		ZTE Corp		503,533
			TOTAL CHINA		243,608,567
COLOMBIA - 0.5%
	54,148		Almacenes Exito S.A.		400,469
	22,276		Banco Davivienda S.A.		204,815
	119,636		BanColombia S.A. (Preference)		1,149,004
	99,023		Cementos Argos S.A.		339,360
	16,784		Corp Financiera Colombiana S.A.		220,290
	2,060,473		Ecopetrol S.A.		1,151,862
	81,217		Grupo Argos S.A.		490,686
	1,040,383		Grupo Aval Acciones y Valores		447,943
	70,175		Grupo de Inversiones Suramericana S.A.		901,554
	34,962		Grupo de Inversiones Suramericana S.A. (Preference)		444,309
	77,656		Interconexion Electrica S.A.		190,904
	138,058		Isagen S.A. ESP		140,455
			TOTAL COLOMBIA		6,081,651

256

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
CZECH REPUBLIC - 0.2%
	47,735		CEZ AS	$	1,155,279
	4,688		Komercni Banka AS		1,048,115
			TOTAL CZECH REPUBLIC		2,203,394
EGYPT - 0.2%
	243,020		Commercial International Bank		1,752,518
	684,365	*	Orascom Telecom Holding SAE		225,856
	270,573		Talaat Moustafa Group		283,773
			TOTAL EGYPT		2,262,147
GREECE - 0.3%
	1,358,483	*	Alpha Bank S.A.		397,002
	2,744,785	*	Eurobank Ergasias SA		351,299
	10,570	*	Folli Follie S.A.		263,152
	75,085	*	Hellenic Telecommunications Organization S.A.		622,693
	31,848		JUMBO S.A.		231,230
	487,228	*	National Bank of Greece S.A.		513,357
	70,513		OPAP S.A.		559,266
	13,868	*	Titan Cement Co S.A.		311,351
			TOTAL GREECE		3,249,350
HONG KONG - 0.8%
	2,980,000	*,e	Alibaba Pictures Group Ltd		860,191
	1,420,000		Belle International Holdings Ltd		1,476,329
	594,000		China Gas Holdings Ltd		1,041,450
	637,007		China Resources Cement Holdings Ltd		331,637
	3,331,000	*,e	GCL Poly Energy Holdings Ltd		673,474
	434,000	*,e	Goldin Properties Holdings Ltd		332,833
	383,000	*	Haier Electronics Group Co Ltd		898,996
	3,365,707	*,e,m	Hanergy Thin Film Power Group Ltd		217,078
	776,000	*,e	New World China Land Ltd		477,988
	530,000		Nine Dragons Paper Holdings Ltd		390,985
	438,500		Shimao Property Holdings Ltd		784,075
	936,000		Sino Biopharmaceutical		1,083,797
			TOTAL HONG KONG		8,568,833
HUNGARY - 0.2%
	19,079		MOL Hungarian Oil and Gas plc		1,005,035
	47,750	e	OTP Bank		978,561
	29,973		Richter Gedeon Rt		481,557
			TOTAL HUNGARY		2,465,153
INDIA - 7.9%
	70,304	*	Adani Transmissions Ltd		31,085
	9,582		Aditya Birla Nuvo Ltd		328,390
	192,471		Ambuja Cements Ltd		697,382
	20,374		Apollo Hospitals Enterprise Ltd		432,014
	85,741		Asian Paints Ltd		1,180,003
	14,229		Associated Cement Co Ltd		307,699
	73,636		Aurobindo Pharma Ltd		872,470
	25,257		Bajaj Holdings and Investment Ltd		994,619

257

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	24,045		Bharat Forge Ltd	$	430,240
	169,447		Bharat Heavy Electricals		734,568
	61,895		Bharat Petroleum Corp Ltd		894,755
	345,400		Bharti Airtel Ltd		2,254,761
	130,268		Bharti Infratel Ltd		909,484
	1,952	*	Bosch Ltd		751,039
	202,580		Cairn India Ltd		545,537
	101,610		Cipla Ltd		1,123,061
	253,155		Coal India Ltd		1,731,469
	17,805		Container Corp Of India Ltd		455,912
	135,656		Dabur India Ltd		620,333
	9,032		Divi S Laboratories Ltd		276,091
	58,318		DLF Ltd		104,654
	34,120		Dr Reddy’s Laboratories Ltd		2,173,848
	2,935		Eicher Motors Ltd		872,504
	93,633		GAIL India Ltd		518,026
	1,505		GlaxoSmithKline Consumer Healthcare Ltd		147,740
	32,517		Godrej Consumer Products Ltd		696,750
	144,249		HCL Technologies Ltd		2,245,799
	15,522		Hero Honda Motors Ltd		648,746
	319,143		Hindalco Industries Ltd		523,265
	221,981		Hindustan Lever Ltd		3,188,254
	426,553		Housing Development Finance Corp		8,912,005
	312,109		ICICI Bank Ltd		1,477,014
	300,526		Idea Cellular Ltd		811,787
	532,798		Infosys Technologies Ltd		8,961,907
	659,270	*	ITC Ltd		3,349,392
	98,614	*	Jindal Steel & Power Ltd		121,896
	22,926		JSW Steel Ltd		297,219
	90,442		Larsen & Toubro Ltd		2,525,106
	74,966		LIC Housing Finance Ltd		583,151
	63,052		Lupin Ltd		1,668,696
	78,673		Mahindra & Mahindra Financial Services Ltd		316,830
	98,242		Mahindra & Mahindra Ltd		2,086,707
	63,527		Marico Ltd		435,856
	51,769		Motherson Sumi Systems Ltd		280,285
	25,885	*,m	Motherson Sumi Systems Ltd (Temporary)		140,143
	241,971		Mundra Port and Special Economic Zone Ltd		1,225,590
	6,386		Nestle India Ltd		633,180
	469,498		NTPC Ltd		988,655
	62,761		Oil India Ltd		423,112
	13,054	*	Piramal Healthcare Ltd		187,346
	72,973		Power Finance Corp Ltd		279,938
	241,553	*	Reliance Communication Ventures Ltd		265,304
	408,687		Reliance Industries Ltd		6,384,356
	81,835		Rural Electrification Corp Ltd		345,492
	322,899	*	Sesa Sterlite Ltd		654,379
	2,043	*	Shree Cement Ltd		363,919
	39,327		Shriram Transport Finance Co Ltd		546,709
	17,390		Siemens India Ltd		394,555
	428,365		State Bank of India		1,802,172
	244,135		Sun Pharmaceutical Industries Ltd		3,131,352

258

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	137,396		Tata Consultancy Services Ltd	$	5,380,173
	230,366	*	Tata Motors Ltd		1,377,873
	310,368		Tata Power Co Ltd		331,021
	81,452		Tata Steel Ltd		313,962
	68,429		Tech Mahindra Ltd		566,380
	10,322		Ultra Tech Cement Ltd		507,162
	16,680		United Breweries Ltd		274,620
	75,204		United Phosphorus Ltd		627,689
	16,429	*	United Spirits Ltd		949,147
	182,199		Wipro Ltd		1,619,754
	129,221		ZEE Telefilms Ltd		803,016
			TOTAL INDIA		89,035,348
INDONESIA - 2.2%
	6,031,600		Adaro Energy Tbk		262,942
	3,167,400		Bank Rakyat Indonesia		2,339,987
	278,000		Indofood CBP Sukses Makmur Tbk		252,790
	98,700		PT Astra Agro Lestari Tbk		146,388
	5,756,100		PT Astra International Tbk		2,826,544
	3,514,400		PT Bank Central Asia Tbk		3,401,802
	800,866		PT Bank Danamon Indonesia Tbk		248,631
	2,675,471		PT Bank Mandiri Persero Tbk		1,878,378
	1,974,293		PT Bank Negara Indonesia		693,904
	1,643,000		PT Bumi Serpong Damai		217,086
	1,987,800		PT Charoen Pokphand Indonesia Tbk		372,061
	671,400	*	PT Excelcomindo Pratama		146,974
	2,020,300		PT Global MediaCom Tbk		185,718
	452,000	*	PT Golden Eagle Energy Tbk		56,135
	139,400		PT Gudang Garam Tbk		509,772
	446,300		PT Indocement Tunggal Prakarsa Tbk		659,693
	1,300,500		PT Indofood Sukses Makmur Tbk		586,018
	391,400		PT Jasa Marga Tbk		165,644
	6,083,300		PT Kalbe Farma Tbk		784,005
	5,234,200		PT Lippo Karawaci Tbk		446,623
	631,900		PT Matahari Department Store Tbk		815,856
	1,577,800		PT Media Nusantara Citra Tbk		238,337
	3,132,200		PT Perusahaan Gas Negara Persero Tbk		925,274
	917,400		PT Semen Gresik Persero Tbk		684,493
	2,480,400		PT Summarecon Agung Tbk		318,674
	1,725,800		PT Surya Citra Media Tbk		376,196
	451,900		PT Tambang Batubara Bukit Asam Tbk		200,304
	14,442,500		PT Telekomunikasi Indonesia Persero Tbk		3,134,329
	427,300		PT Unilever Indonesia Tbk		1,263,548
	451,500		PT United Tractors Tbk		673,489
	445,000	*	Tower Bersama Infrastructure		275,574
			TOTAL INDONESIA		25,087,169
KOREA, REPUBLIC OF - 13.4%
	9,107		Amorepacific Corp		3,210,567
	2,404		Amorepacific Corp (Preference)		412,405
	56,524		BS Financial Group, Inc		664,455
	18,320	*,e	Celltrion, Inc		1,214,014

259

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	25,429	*	Cheil Communications, Inc	$	416,405
	7,639	*	Cheil Industries, Inc		1,084,062
	2,167		CJ CheilJedang Corp		762,569
	3,892		CJ Corp		1,019,224
	7,888		Daelim Industrial Co		502,553
	27,043	*	Daewoo Engineering & Construction Co Ltd		159,686
	12,812		Daewoo International Corp		226,676
	48,405		Daewoo Securities Co Ltd		601,221
	7,735		Daum Communications		798,001
	5,264		DC Chemical Co Ltd		436,387
	44,317		DGB Financial Group Co Ltd		425,224
	12,546		Dongbu Insurance Co Ltd		596,411
	1,617	*	Doosan Corp		141,683
	10,790		Doosan Heavy Industries and Construction Co Ltd		185,167
	34,747	*	Doosan Infracore Co Ltd		226,198
	5,978		E-Mart Co Ltd		1,221,873
	5,311		GLOVIS Co Ltd		886,726
	13,677	*	GS Engineering & Construction Corp		305,995
	21,860		GS Holdings Corp		851,508
	9,996		Halla Climate Control Corp		310,444
	82,260		Hana Financial Group, Inc		2,052,504
	21,642		Hankook Tire Co Ltd		751,404
	1,464	*	Hanmi Pharm Co Ltd		503,578
	2,776		Hanssem Co Ltd		705,815
	29,619		Hanwha Chemical Corp		523,771
	11,305		Hanwha Corp		459,503
	4,300		Honam Petrochemical Corp		957,579
	9,460		Hotel Shilla Co Ltd		1,017,405
	168,113		Hynix Semiconductor, Inc		5,309,073
	6,066		Hyosung Corp		740,111
	4,418		Hyundai Department Store Co Ltd		557,966
	15,220		Hyundai Development Co		915,122
	22,123		Hyundai Engineering & Construction Co Ltd		650,734
	11,894	*	Hyundai Heavy Industries		986,567
	19,163		Hyundai Marine & Fire Insurance Co Ltd		520,210
	24,158	*	Hyundai Merchant Marine Co Ltd		129,239
	3,599	*	Hyundai Mipo Dockyard		166,658
	19,913		Hyundai Mobis		3,632,857
	44,498		Hyundai Motor Co		5,668,606
	10,780		Hyundai Motor Co Ltd (2nd Preference)		949,081
	6,852		Hyundai Motor Co Ltd (Preference)		611,063
	19,540		Hyundai Steel Co		975,446
	4,770		Hyundai Wia Corp		437,299
	75,791		Industrial Bank of Korea		896,940
	34,905		Kangwon Land, Inc		1,274,941
	109,384		KB Financial Group, Inc		3,436,618
	1,670		KCC Corp		698,121
	6,324		KEPCO Plant Service & Engineering Co Ltd		635,021
	77,390		Kia Motors Corp		2,902,991
	11,603		Korea Aerospace Industries Ltd		970,375
	73,475		Korea Electric Power Corp		3,176,980
	1,592	*	Korea Express Co Ltd		234,040

260

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	7,473		Korea Gas Corp	$	269,956
	10,376		Korea Investment Holdings Co Ltd		553,539
	3,879		Korea Kumho Petrochemical		201,012
	57,492		Korea Life Insurance Co Ltd		409,459
	2,272		Korea Zinc Co Ltd		959,951
	10,203	*	Korean Air Lines Co Ltd		306,103
	9,181	*	KT Corp		239,891
	31,862		KT&G Corp		2,995,189
	13,287		LG Chem Ltd		2,840,811
	2,611		LG Chem Ltd (Preference)		408,212
	27,427		LG Corp		1,361,554
	31,642		LG Electronics, Inc		1,097,122
	2,674		LG Household & Health Care Ltd		1,958,397
	3,825		LG Innotek Co Ltd		267,967
	60,110		LG Telecom Ltd		593,769
	67,809		LG.Philips LCD Co Ltd		1,281,712
	193		Lotte Confectionery Co Ltd		322,686
	3,218		Lotte Shopping Co Ltd		693,494
	4,356		LS Cable Ltd		146,271
	3,673		LS Industrial Systems Co Ltd		164,269
	6,108		Mirae Asset Securities Co Ltd		230,160
	8,041		Naver Corp		3,596,591
	4,442		NCsoft		833,011
	990		Orion Corp		978,624
	7,610		Pacific Corp		1,269,656
	14,359	*	Paradise Co Ltd		290,430
	20,189		POSCO		3,364,916
	5,778		S1 Corp (Korea)		416,784
	8,399		Samsung Card Co		277,699
	36,381		Samsung Corp		1,759,744
	16,896		Samsung Electro-Mechanics Co Ltd		783,579
	31,743		Samsung Electronics Co Ltd		32,205,053
	5,912		Samsung Electronics Co Ltd (Preference)		4,650,564
	10,310		Samsung Fire & Marine Insurance Co Ltd		2,466,336
	47,334		Samsung Heavy Industries Co Ltd		558,992
	23,623		Samsung Life Insurance Co Ltd		2,159,519
	15,781		Samsung SDI Co Ltd		1,158,789
	9,071		Samsung SDS Co Ltd		2,267,097
	16,073		Samsung Securities Co Ltd		724,154
	121,594		Shinhan Financial Group Co Ltd		4,351,500
	1,920		Shinsegae Co Ltd		341,348
	5,679		SK C&C Co Ltd		1,490,393
	20,439	*	SK Energy Co Ltd		1,745,366
	6,348	m	SK Holdings Co Ltd		1,227,483
	32,107		SK Networks Co Ltd		199,012
	2,747		SK Telecom Co Ltd		589,544
	17,112		S-Oil Corp		919,924
	15,317		Woongjin Coway Co Ltd		1,278,689
	91,516		Woori Bank		747,085
	39,265		Woori Investment & Securities Co Ltd		365,107
	2,179		Yuhan Corp		502,995
			TOTAL KOREA, REPUBLIC OF		150,928,580

261

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
MALAYSIA - 3.2%
	250,700		AirAsia BHD	$	89,149
	268,100		Alliance Financial Group BHD		297,192
	512,400		AMMB Holdings BHD		748,495
	468,600		Astro Malaysia Holdings BHD		376,233
	168,291		Berjaya Sports Toto BHD		146,523
	37,500		British American Tobacco Malaysia BHD		663,465
	645,400		Bumi Armada BHD		186,693
	1,450,835		Bumiputra-Commerce Holdings BHD		2,040,039
	956,896		Dialog Group BHD		402,174
	1,038,700		Digi.Com BHD		1,466,848
	377,000		Felda Global Ventures Holdings BHD		166,072
	484,900		Gamuda BHD		611,117
	644,175		Genting BHD		1,369,869
	41,000		Genting Plantations BHD		111,492
	128,420		Hong Leong Bank BHD		455,700
	31,000		Hong Leong Credit BHD		128,437
	683,400		IHH Healthcare BHD		1,074,431
	439,400		IJM Corp BHD		782,443
	824,700		IOI Corp BHD		914,297
	400,833		IOI Properties Group Sdn BHD		200,206
	120,600		Kuala Lumpur Kepong BHD		693,738
	120,700		Lafarge Malayan Cement BHD		298,239
	1,412,946		Malayan Banking BHD		3,396,751
	204,976		Malaysia Airports Holdings BHD		317,767
	507,900		Maxis BHD		885,474
	287,000		MISC BHD		585,149
	814,300		Petronas Chemicals Group BHD		1,364,490
	132,300		Petronas Dagangan BHD		729,200
	206,000		Petronas Gas BHD		1,189,301
	124,700		PPB Group BHD		503,745
	796,140		Public Bank BHD		3,955,199
	883,400		Resorts World BHD		986,434
	98,101		RHB Capital BHD		190,727
	958,400		Sapurakencana Petroleum BHD		612,593
	953,828		Sime Darby BHD		2,174,763
	317,465		Telekom Malaysia BHD		543,802
	974,550		Tenaga Nasional BHD		3,106,723
	824,124		TM International BHD		1,371,630
	156,200		UMW Holdings BHD		408,419
	231,100		Westports Holdings BHD		242,309
	975,000		YTL Corp BHD		402,798
	233,969		YTL Power International BHD		96,054
			TOTAL MALAYSIA		36,286,180
MEXICO - 4.4%
	796,650	e	Alfa S.A. de C.V. (Class A)		1,583,164
	9,405,470	e	America Movil S.A. de C.V. (Series L)		9,147,166
	3,679,934	*,e	Cemex S.A. de C.V.		3,135,795
	154,660		Coca-Cola Femsa S.A. de C.V.		1,169,129
	144,700	e	Controladora Comercial Mexicana S.A. de C.V.		423,974

262

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	58,000		El Puerto de Liverpool SAB de C.V.	$	678,902
	115,925		Embotelladoras Arca SAB de C.V.		697,672
	706,700		Fibra Uno Administracion S.A. de C.V.		1,697,396
	551,837		Fomento Economico Mexicano S.A. de C.V.		5,003,779
	324,286	e	Gentera SAB de C.V.		557,702
	50,900		Gruma SAB de C.V.		666,905
	78,028		Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares)		615,943
	50,200	e	Grupo Aeroportuario del Sureste S.A. de C.V. (Class B)		751,263
	433,020	*,e	Grupo Bimbo S.A. de C.V. (Series A)		1,161,797
	145,298		Grupo Carso S.A. de C.V. (Series A1)		659,646
	87,300	e	Grupo Comercial Chedraui S.a. DE C.V.		244,034
	728,087		Grupo Financiero Banorte S.A. de C.V.		3,831,918
	641,132		Grupo Financiero Inbursa S.A.		1,455,554
	498,400	e	Grupo Financiero Santander Mexico SAB de C.V.		886,216
	175,900	e	Grupo Lala SAB de C.V.		406,985
	1,050,756		Grupo Mexico S.A. de C.V. (Series B)		2,873,316
	703,526		Grupo Televisa S.A.		4,908,636
	43,932	e	Industrias Penoles S.A. de C.V.		666,839
	445,942		Kimberly-Clark de Mexico S.A. de C.V. (Class A)		1,034,281
	305,696	e	Mexichem SAB de C.V.		895,317
	210,700	*	OHL Mexico SAB de CV		344,312
	70,600	*	Promotora y Operadora de Infraestructura SAB de C.V.		812,848
	1,528,589		Wal-Mart de Mexico SAB de C.V.		3,713,202
			TOTAL MEXICO		50,023,691
PERU - 0.4%
	60,122		Cia de Minas Buenaventura S.A. (ADR) (Series B)		428,069
	18,972		Credicorp Ltd (NY)		2,502,407
	42,296		Southern Copper Corp (NY)		1,178,366
			TOTAL PERU		4,108,842
PHILIPPINES - 1.3%
	484,880		Aboitiz Equity Ventures, Inc		620,279
	365,900		Aboitiz Power Corp		349,515
	648,600		Alliance Global Group, Inc		320,364
	63,908		Ayala Corp		1,090,094
	2,044,800		Ayala Land, Inc		1,670,899
	480,016		Banco de Oro Universal Bank		1,054,389
	248,150		Bank of the Philippine Islands		514,991
	1,012,200		DMCI Holdings, Inc		263,292
	8,530		Globe Telecom, Inc		481,216
	22,785		GT Capital Holdings, Inc		697,759
	127,780		International Container Term Services, Inc		306,880
	659,830		JG Summit Holdings (Series B)		1,045,975
	132,480		Jollibee Foods Corp		550,115
	3,331,900		Megaworld Corp		345,160
	3,700,600		Metro Pacific Investments Corp		392,468
	95,562		Metropolitan Bank & Trust		184,485
	28,840		Philippine Long Distance Telephone Co		1,827,573
	2,420,400		PNOC Energy Development Corp		379,173
	43,380		SM Investments Corp		847,205
	2,286,375		SM Prime Holdings		1,071,416

263

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	243,170		Universal Robina	$	1,017,627
			TOTAL PHILIPPINES		15,030,875
POLAND - 1.4%
	10,695	*	Alior Bank S.A.		245,354
	5,795		Bank Handlowy w Warszawie S.A.		142,275
	155,462	*	Bank Millennium S.A.		253,464
	36,703		Bank Pekao S.A.		1,548,549
	8,895	*	Bank Zachodni WBK S.A.		709,278
	2,875	*	BRE Bank S.A.		288,149
	4,636		CCC S.A.		237,047
	45,713	*	Cyfrowy Polsat S.A.		279,818
	55,446		Enea S.A.		216,663
	45,941		Energa S.A.		247,836
	21,701		Eurocash S.A.		249,426
	254,984	*	Get Bank S.A.		81,793
	63,330	*	Grupa Lotos S.A.		528,855
	37,893		KGHM Polska Miedz S.A.		952,266
	353		LPP S.A.		720,580
	718,324		Polish Oil & Gas Co		1,197,091
	243,652		Polska Grupa Energetyczna S.A.		1,144,690
	105,361		Polski Koncern Naftowy Orlen S.A.		2,126,716
	251,872	*	Powszechna Kasa Oszczednosci Bank Polski S.A.		1,950,206
	16,148		Powszechny Zaklad Ubezpieczen S.A.		1,847,424
	95,708		Synthos S.A.		119,583
	231,926		Tauron Polska Energia S.A.		233,047
	169,868		Telekomunikacja Polska S.A.		366,054
	11,390	*	Zaklady Azotowe w Tarnowie-Moscicach S.A.		256,359
			TOTAL POLAND		15,942,523
QATAR - 0.9%
	34,886	*	Barwa Real Estate Co		477,525
	23,623	*	Commercial Bank of Qatar QSC		351,628
	38,165	*	Doha Bank QSC		554,821
	194,152	*	Ezdan Holding Group QSC		934,537
	13,486	*	Gulf International Services OSC		252,500
	45,843	*	Industries Qatar QSC		1,702,311
	107,746	*	Masraf Al Rayan		1,328,096
	21,699	*	Ooredoo QSC		481,159
	7,075	*	Qatar Electricity & Water Co		429,298
	16,571	*	Qatar Insurance Co SAQ		446,643
	19,449	*	Qatar Islamic Bank SAQ		583,764
	50,587	*	Qatar National Bank		2,531,577
	94,296	*	Vodafone Qatar		408,767
			TOTAL QATAR		10,482,626
RUSSIA - 3.6%
	44,386		AFK Sistema (GDR)		376,837
	1,801,049		Gazprom OAO (ADR)		8,279,831
	158,895		LUKOIL (ADR)		6,543,066
	69,340		Magnit OAO (GDR)		3,754,886
	167,659		MMC Norilsk Nickel (ADR)		2,586,578

264

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	135,349		Mobile TeleSystems (ADR)	$	1,109,862
	27,625		NovaTek OAO (GDR)		2,745,070
	413,995		Rosneft Oil Co (GDR)		1,588,456
	35,519		Rostelecom (ADR)		293,387
	347,233		RusHydro (ADR)		310,079
	842,465		Sberbank of Russian Federation (ADR)		4,144,866
	65,091		Severstal (GDR)		733,190
	490,406		Surgutneftegaz (ADR)		2,755,050
	73,744		Tatneft (GDR)		2,159,233
	45,869	*	Uralkali (GDR)		605,596
	831,176		VTB Bank OJSC (GDR)		1,952,564
			TOTAL RUSSIA		39,938,551
SOUTH AFRICA - 7.5%
	331,683	*,m	African Bank Investments Ltd		262
	29,596		African Rainbow Minerals Ltd		163,091
	17,032	*	Anglo Platinum Ltd		354,419
	127,597	*	AngloGold Ashanti Ltd		776,423
	98,392		Aspen Pharmacare Holdings Ltd		2,881,186
	88,375	e	Barclays Africa Group Ltd		1,299,237
	60,383		Barloworld Ltd		428,400
	93,860		Bidvest Group Ltd		2,279,159
	90,185	*	Brait S.A.		1,091,039
	7,386		Capitec Bank Holdings Ltd		271,928
	67,652		Coronation Fund Managers Ltd		413,815
	94,547		Discovery Holdings Ltd		1,013,057
	81,015	e	Exxaro Resources Ltd		478,574
	976,610		FirstRand Ltd		4,219,001
	245,683		Gold Fields Ltd		671,166
	120,662		Gold Reef Resorts Ltd		227,966
	655,442		Growthpoint Properties Ltd		1,434,310
	60,888		Hyprop Investments Ltd		623,885
	169,696	*	Impala Platinum Holdings Ltd		609,065
	54,375		Imperial Holdings Ltd		729,795
	63,532		Investec Ltd		575,323
	22,315	*,e	Kumba Iron Ore Ltd		190,905
	25,215		Liberty Holdings Ltd		283,439
	286,760		Life Healthcare Group Holdings Pte Ltd		846,127
	28,630		Massmart Holdings Ltd		303,290
	118,882		Mediclinic International Ltd		1,057,731
	220,909		Metropolitan Holdings Ltd		514,280
	31,036		Mondi Ltd		742,661
	68,803		Mr Price Group Ltd		1,370,197
	479,502	e	MTN Group Ltd		7,983,112
	168,846		Nampak Ltd		425,039
	114,253		Naspers Ltd (N Shares)		15,922,672
	52,775	e	Nedbank Group Ltd		1,050,458
	267,741		Network Healthcare Holdings Ltd		853,146
	68,760	e	Pick’n Pay Stores Ltd		321,524
	19,033		PSG Group Ltd		300,410
	961,609		Redefine Properties Ltd		873,393

265

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	143,539		Remgro Ltd	$	2,967,763
	65,824		Resilient Property Income Fund Ltd		522,523
	188,610		RMB Holdings Ltd		1,017,785
	151,608		RMI Holdings		530,942
	515,805		Sanlam Ltd		2,725,023
	123,781	*	Sappi Ltd		406,463
	174,705		Sasol Ltd		6,030,970
	136,159		Shoprite Holdings Ltd		1,806,841
	45,366	e	Spar Group Ltd		709,410
	349,429		Standard Bank Group Ltd		4,196,342
	656,393		Steinhoff International Holdings Ltd		3,968,583
	61,196		Telkom S.A. Ltd		297,315
	56,303	e	The Foschini Group Ltd		639,739
	49,871		Tiger Brands Ltd		1,121,024
	126,009	e	Truworths International Ltd		851,572
	103,208		Vodacom Group Pty Ltd		1,193,229
	280,152		Woolworths Holdings Ltd		2,194,398
			TOTAL SOUTH AFRICA		84,759,407
TAIWAN - 11.8%
	891,912	*	Acer, Inc		370,105
	1,774,372		Advanced Semiconductor Engineering, Inc		2,059,914
	89,850		Advantech Co Ltd		605,931
	743,512		Asia Cement Corp		815,476
	721,000	*	Asia Pacific Telecom Co Ltd		244,434
	209,500		Asustek Computer, Inc		1,893,332
	2,404,000		AU Optronics Corp		772,445
	40,000		Casetek Holdings Ltd		226,837
	184,000		Catcher Technology Co Ltd		2,028,462
	2,362,270		Cathay Financial Holding Co Ltd		3,818,115
	274,518		Chailease Holding Co Ltd		573,678
	1,141,413		Chang Hwa Commercial Bank		637,972
	483,490		Cheng Shin Rubber Industry Co Ltd		933,872
	143,453		Chicony Electronics Co Ltd		372,367
	704,000	*	China Airlines		312,879
	3,599,754		China Development Financial Holding Corp		1,185,378
	841,807		China Life Insurance Co Ltd (Taiwan)		848,974
	60,000		China Motor Corp		43,636
	3,406,850		China Steel Corp		2,437,693
	3,889,633		Chinatrust Financial Holding Co		2,820,911
	1,164,600		Chunghwa Telecom Co Ltd		3,620,970
	1,129,000		Compal Electronics, Inc		761,044
	150,000		CTCI Corp		227,693
	533,000		Delta Electronics, Inc		2,621,811
	1,828,482		E.Sun Financial Holding Co Ltd		1,111,979
	50,400		Eclat Textile Co Ltd		737,319
	311,000		Epistar Corp		270,533
	527,967	*	Eva Airways Corp		381,199
	524,491	*	Evergreen Marine Corp Tawain Ltd		251,825
	781,852		Far Eastern Textile Co Ltd		736,651
	466,000		Far EasTone Telecommunications Co Ltd		1,090,775
	73,000		Feng TAY Enterprise Co Ltd		408,476
	2,312,648		First Financial Holding Co Ltd		1,246,786

266

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	935,270		Formosa Chemicals & Fibre Corp	$	2,216,118
	558,000		Formosa Petrochemical Corp		1,316,215
	1,218,600	*	Formosa Plastics Corp		2,703,021
	234,000		Formosa Taffeta Co Ltd		221,068
	261,240		Foxconn Technology Co Ltd		793,463
	1,920,812		Fubon Financial Holding Co Ltd		3,504,370
	2,597,970	*	Fuhwa Financial Holdings Co Ltd		1,234,680
	82,000		Giant Manufacturing Co Ltd		692,277
	11,000		Hermes Microvision, Inc		548,602
	211,500	*	High Tech Computer Corp		464,097
	115,300		Highwealth Construction Corp		237,241
	52,709		Hiwin Technologies Corp		326,710
	3,851,153		Hon Hai Precision Industry Co, Ltd		11,075,269
	69,000		Hotai Motor Co Ltd		884,946
	1,585,167		Hua Nan Financial Holdings Co Ltd		900,455
	2,416,061		InnoLux Display Corp		839,958
	663,000	*	Inotera Memories, Inc		400,034
	678,060		Inventec Co Ltd		385,925
	85,000		Kinsus Interconnect Technology Corp		167,062
	29,000		Largan Precision Co Ltd		2,946,331
	634,946		Lite-On Technology Corp		697,941
	432,961	*	MediaTek, Inc		4,551,357
	2,881,655		Mega Financial Holding Co Ltd		2,462,701
	60,000		Merida Industry Co Ltd		372,720
	1,377,860		Nan Ya Plastics Corp		2,812,545
	169,000		Novatek Microelectronics Corp Ltd		613,040
	459,000		Pegatron Technology Corp		1,290,119
	39,000		Phison Electronics Corp		280,606
	578,000		Pou Chen Corp		821,003
	166,000		Powertech Technology, Inc		311,288
	175,000		President Chain Store Corp		1,272,752
	788,000		Quanta Computer, Inc		1,525,624
	117,814		Radiant Opto-Electronics Corp		351,002
	127,085		Realtek Semiconductor Corp		249,971
	181,735		Ruentex Development Co Ltd		230,023
	148,730		Ruentex Industries Ltd		311,524
	2,023,474		Shin Kong Financial Holding Co Ltd		592,460
	818,000		Siliconware Precision Industries Co		928,857
	78,490		Simplo Technology Co Ltd		323,039
	2,516,323		SinoPac Financial Holdings Co Ltd		1,072,982
	99,851		Standard Foods Corp		301,992
	403,000		Synnex Technology International Corp		485,489
	2,143,266		Taishin Financial Holdings Co Ltd		848,892
	355,156	*	Taiwan Business Bank		103,553
	1,032,914		Taiwan Cement Corp		1,118,245
	1,836,162		Taiwan Cooperative Financial Holding		921,569
	248,000		Taiwan Fertilizer Co Ltd		363,500
	242,129	*	Taiwan Glass Industrial Corp		109,428
	488,200		Taiwan Mobile Co Ltd		1,614,543
	7,069,000		Taiwan Semiconductor Manufacturing Co Ltd		30,891,592
	532,000		Teco Electric and Machinery Co Ltd		417,835
	82,626	*	TPK Holding Co Ltd		282,609

267

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	47,000		Transcend Information, Inc	$	140,042
	73,000		U-Ming Marine Transport Corp		93,623
	1,350,548		Uni-President Enterprises Corp		2,376,235
	3,461,000		United Microelectronics Corp		1,237,094
	213,000		Vanguard International Semiconductor Corp		250,018
	145,000		Wan Hai Lines Ltd		121,478
	671,538		Wistron Corp		439,464
	388,500		WPG Holdings Co Ltd		441,456
	205,700	*	Yang Ming Marine Transport		70,767
	255,000		Yulon Motor Co Ltd		248,858
	72,127		Zhen Ding Technology Holding Ltd		223,749
			TOTAL TAIWAN		132,500,899
THAILAND - 2.1%
	303,800		Advanced Info Service PCL (Foreign)		2,154,418
	97,900		Airports of Thailand PCL (Foreign)		815,644
	156,000		Bangkok Bank PCL (Foreign)		733,967
	1,167,400	*	Bangkok Dusit Medical Services PCL		665,348
	562,600		Banpu PCL (Foreign)		399,030
	309,400		BEC World PCL (Foreign)		315,945
	970,600		BTS Group Holdings PCL (Foreign)		271,310
	79,300		Bumrungrad Hospital PCL (Foreign)		458,987
	245,600		Central Pattana PCL (Foreign)		329,340
	551,900		Charoen Pokphand Foods PCL		327,443
	1,247,900		CP Seven Eleven PCL (Foreign)		1,698,828
	59,000		Delta Electronics Thai PCL		134,847
	372,900		Energy Absolute PCL (Foreign)		226,432
	127,200		Glow Energy PCL (Foreign)		321,842
	578,926		Home Product Center PCL (Foreign)		102,661
	368,278		Indorama Ventures PCL (Foreign)		276,902
	4,354,300		IRPC PCL (Foreign)		518,626
	522,800		Kasikornbank PCL (Foreign)		2,645,291
	1,010,050		Krung Thai Bank PCL (Foreign)		501,611
	340,870		Minor International PCL (Foreign)		282,819
	466,084		PTT Exploration & Production PCL (Foreign)		1,234,795
	453,241		PTT Global Chemical PCL (Foreign)		793,913
	321,100		PTT PCL (Foreign)		2,967,669
	115,100		Siam Cement PCL (Foreign)		1,731,268
	395,800		Siam Commercial Bank PCL (Foreign)		1,706,310
	484,900		Thai Oil PCL (Foreign)		663,160
	296,000		Thai Union Frozen Products PCL		158,729
	3,120,700		TMB Bank PCL (Foreign)		207,218
	2,298,746	*	True Corp PCL (Foreign)		704,333
			TOTAL THAILAND		23,348,686
TURKEY - 1.4%
	623,384		Akbank TAS		1,664,243
	62,877		Anadolu Efes Biracilik Ve Malt Sanayii AS		493,157
	53,085		Arcelik AS		279,687
	62,863		BIM Birlesik Magazalar AS		1,066,205
	21,396		Coca-Cola Icecek AS		307,301
	544,473		Emlak Konut Gayrimenkul Yatiri		509,686

268

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	155,983		Enka Insaat ve Sanayi AS	$	282,251
	390,431		Eregli Demir ve Celik Fabrikalari TAS		584,697
	11,768		Ford Otomotiv Sanayi AS		139,701
	274,235		Haci Omer Sabanci Holding AS		936,799
	166,185		KOC Holding AS		737,061
	126,310	*	Petkim Petrokimya Holding		189,299
	38,412		TAV Havalimanlari Holding AS		291,819
	25,177		Tofas Turk Otomobil Fabrik		164,901
	50,018	*	Tupras Turkiye Petrol Rafine		1,299,591
	143,666	*	Turk Hava Yollari		468,155
	158,987		Turk Sise ve Cam Fabrikalari AS		179,578
	114,226		Turk Telekomunikasyon AS		283,597
	256,721		Turkcell Iletisim Hizmet AS		1,174,947
	665,635		Turkiye Garanti Bankasi AS		1,963,389
	176,665		Turkiye Halk Bankasi AS		768,711
	443,403		Turkiye Is Bankasi (Series C)		862,235
	227,268		Turkiye Vakiflar Bankasi Tao		342,048
	36,506		Ulker Biskuvi Sanayi AS		202,877
	238,577		Yapi ve Kredi Bankasi		327,167
			TOTAL TURKEY		15,519,102
UNITED ARAB EMIRATES - 0.8%
	711,681	*	Abu Dhabi Commercial Bank PJSC		1,600,182
	877,914	*	Aldar Properties PJSC		639,550
	621,508	*	Arabtec Holding Co		402,210
	45,208		DP World Ltd		1,028,482
	557,713	*	Dubai Financial Market		292,554
	264,904	*	Dubai Islamic Bank PJSC		539,714
	475,000	*	Emaar Malls Group PJSC		419,650
	988,880		Emaar Properties PJSC		2,120,072
	252,582		First Gulf Bank PJSC		1,064,555
	183,600	*	National Bank of Abu Dhabi PJSC		534,492
			TOTAL UNITED ARAB EMIRATES		8,641,461
UNITED STATES - 5.7%
	507,800	e	iShares Core MSCI Emerging Markets ETF		22,795,142
	1,105,000	e	iShares MSCI Emerging Markets		41,017,600
			TOTAL UNITED STATES		63,812,742
			TOTAL COMMON STOCKS		1,119,931,378
			(Cost $1,210,486,824)
PREFERRED STOCKS - 0.3%
BRAZIL - 0.3%
	1,013,133		ITAUSA Investimentos Itau PR		2,485,526
			TOTAL BRAZIL		2,485,526

269

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
PHILIPPINES - 0.0%
	307,700	*,m	Ayala Land, Inc (Preferred B)	$	673
			TOTAL PHILIPPINES		673
			TOTAL PREFERRED STOCKS		2,486,199
			(Cost $3,618,057)
SHORT-TERM INVESTMENTS - 8.1%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 8.1%
	91,485,942	c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust		91,485,942
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		91,485,942
			TOTAL SHORT-TERM INVESTMENTS		91,485,942
			(Cost $91,485,942)
			TOTAL INVESTMENTS - 107.9%		1,213,991,998
			(Cost $1,305,681,199)
			OTHER ASSETS & LIABILITIES, NET - (7.9)%		(88,647,415	)
			NET ASSETS - 100.0%	$	1,125,344,583

Abbreviation(s):

ADR    American Depositary Receipt

ETF      Exchange Traded Fund

GDR     Global Depositary Receipt

INR      Indian Rupee

*	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 $87,138,743.
m	Indicates a security that has been deemed illiquid.

270

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY INDEX FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2015

SECTOR	VALUE			% OF NET ASSETS
FINANCIALS	$	352,710,738			31.4	%
INFORMATION TECHNOLOGY		186,374,766			16.6
CONSUMER DISCRETIONARY		95,803,582			8.6
CONSUMER STAPLES		91,096,824			8.1
ENERGY		83,799,159			7.4
TELECOMMUNICATION SERVICES		80,831,719			7.2
INDUSTRIALS		73,353,273			6.5
MATERIALS		71,331,956			6.3
UTILITIES		58,821,483			5.2
HEALTH CARE		28,382,556			2.5
SHORT-TERM INVESTMENTS		91,485,942			8.1
OTHER ASSETS & LIABILITIES, NET		(88,647,415	)		(7.9	)
NET ASSETS	$	1,125,344,583			100.0	%

271

TIAA-CREF FUNDS - International Equity Index Fund

TIAA-CREF FUNDS
INTERNATIONAL EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.3%
AUSTRALIA - 6.7%
	326,455		AGL Energy Ltd	$	3,972,389
	1,268,409		Alumina Ltd		1,371,707
	586,939		Amcor Ltd		6,167,321
	1,436,421		AMP Ltd		6,922,871
	534,943		APA Group		3,539,487
	284,581		Aristocrat Leisure Ltd		1,780,127
	482,038		Asciano Group		2,861,473
	780,985		AusNet Services		793,385
	1,351,167		Australia & New Zealand Banking Group Ltd		32,223,246
	95,411		Australian Stock Exchange Ltd		3,095,421
	177,166		Bank of Queensland Ltd		1,776,759
	223,472		Bendigo Bank Ltd		2,143,853
	1,593,742		BHP Billiton Ltd		30,771,023
	1,029,625		BHP Billiton plc		18,911,792
	399,485		Boral Ltd		1,935,116
	751,561		Brambles Ltd		5,961,645
	130,760		Caltex Australia Ltd		3,293,985
	53,846		CIMIC Group Ltd		934,155
	280,442		Coca-Cola Amatil Ltd		1,898,543
	27,289		Cochlear Ltd		1,818,579
	801,259		Commonwealth Bank of Australia		51,163,842
	226,993		Computershare Ltd		2,047,516
	176,917		Crown Ltd		1,758,835
	231,624		CSL Ltd		16,733,011
	460,032		Dexus Property Group		2,610,601
	1,623,141		Federation Centres		3,552,345
	30,577	e	Flight Centre Ltd		794,293
	785,172	e	Fortescue Metals Group Ltd		1,061,031
	849,772		GPT Group (ASE)		2,856,394
	267,656		Harvey Norman Holdings Ltd		870,598
	597,247		Healthscope Ltd		1,192,974
	206,428	e	Iluka Resources Ltd		1,184,896
	847,083		Incitec Pivot Ltd		2,238,090
	1,123,223		Insurance Australia Group Ltd		4,825,031
	269,752		Lend Lease Corp Ltd		3,064,229
	849,019		Macquarie Goodman Group		4,049,074
	142,165		Macquarie Group Ltd		8,509,023
	1,414,464	*	Medibank Pvt Ltd		2,158,089
	1,770,140		Mirvac Group		2,438,673
	1,296,939		National Australia Bank Ltd		32,914,928
	374,198	*	Newcrest Mining Ltd		3,095,251
	182,556	e	Orica Ltd		2,557,047
	533,297		Origin Energy Ltd		4,412,822
	131,300		Platinum Asset Mangement Ltd		725,867

272

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	276,492	*	Qantas Airways Ltd	$	755,543
	665,160		QBE Insurance Group Ltd		7,075,394
	1,028,945		QR National Ltd		3,977,246
	67,874		Ramsay Health Care Ltd		3,310,690
	27,283	e	REA Group Ltd		862,377
	473,372		Santos Ltd		2,552,258
	2,598,771		Scentre Group		7,504,925
	156,869	e	Seek Ltd		1,722,853
	188,379		Sonic Healthcare Ltd		2,842,297
	2,600,783	*	South32 Ltd		3,393,360
	1,155,693		Stockland Trust Group		3,582,164
	618,785		Suncorp-Metway Ltd		6,441,507
	510,002		Sydney Airport		2,088,302
	400,048		Tabcorp Holdings Ltd		1,413,459
	672,126		Tattersall’s Ltd		1,951,937
	2,102,506		Telstra Corp Ltd		9,955,541
	134,221		TPG Telecom Ltd		932,373
	983,664		Transurban Group		7,159,501
	320,060		Treasury Wine Estates Ltd		1,344,921
	560,041		Wesfarmers Ltd		17,334,158
	965,556		Westfield Corp		7,061,906
	1,540,746		Westpac Banking Corp		39,175,438
	359,568		Woodside Petroleum Ltd		9,349,345
	617,611	e	Woolworths Ltd		12,885,037
	104,920	e	WorleyParsons Ltd		703,722
			TOTAL AUSTRALIA		444,363,591
AUSTRIA - 0.2%
	38,285		Andritz AG.		2,135,282
	136,823	*	Erste Bank der Oesterreichischen Sparkassen AG.		4,117,124
	69,565	*,e,m	Immoeast AG.		0
	72,205		OMV AG.		1,918,871
	63,619	*,e	Raiffeisen International Bank Holding AG.		932,430
	54,404		Voestalpine AG.		2,332,662
			TOTAL AUSTRIA		11,436,369
BELGIUM - 1.3%
	107,049		Ageas		4,407,517
	392,133		Anheuser-Busch InBev NV		46,852,705
	71,069	*	Belgacom S.A.		2,679,035
	34,830		Colruyt S.A.		1,690,990
	50,251		Delhaize Group		4,549,725
	39,075		Groupe Bruxelles Lambert S.A.		3,224,608
	122,339		KBC Groep NV		8,530,737
	28,504		Solvay S.A.		3,813,332
	24,836	*	Telenet Group Holding NV		1,400,903
	61,155		UCB S.A.		4,731,986
	53,533		Umicore		2,343,475
			TOTAL BELGIUM		84,225,013

273

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
CHILE - 0.0%
	190,221		Antofagasta plc	$	1,679,639
			TOTAL CHILE		1,679,639
CHINA - 0.0%
	943,000	e	Yangzijiang Shipbuilding		885,126
			TOTAL CHINA		885,126
DENMARK - 1.7%
	1,980		AP Moller - Maersk AS (Class A)		3,272,608
	3,509		AP Moller - Maersk AS (Class B)		5,977,889
	52,075	e	Carlsberg AS (Class B)		4,537,056
	53,752		Coloplast AS		3,878,583
	341,329		Danske Bank AS		10,671,484
	85,311		DSV AS		2,920,150
	71,983		ISS A.S.		2,483,910
	939,665		Novo Nordisk AS		55,455,692
	116,856		Novozymes AS		6,108,240
	56,356		Pandora AS		6,345,895
	391,171		TDC AS		2,950,897
	58,904	e	Tryg A.S.		1,186,775
	111,830		Vestas Wind Systems AS		6,109,004
	11,285	*,e	William Demant Holding		859,473
			TOTAL DENMARK		112,757,656
FINLAND - 0.8%
	68,603		Elisa Oyj (Series A)		2,310,778
	219,191		Fortum Oyj		3,848,714
	162,230	e	Kone Oyj (Class B)		6,808,224
	53,382	e	Metso Oyj		1,468,598
	60,710	*,e	Neste Oil Oyj		1,691,451
	1,798,128	*	Nokia Oyj		12,733,092
	57,229		Nokian Renkaat Oyj		1,719,852
	48,517	e	Orion Oyj (Class B)		2,025,478
	216,483		Sampo Oyj (A Shares)		10,711,726
	269,972	e	Stora Enso Oyj (R Shares)		2,541,825
	262,303		UPM-Kymmene Oyj		4,845,196
	71,070		Wartsila Oyj (B Shares)		3,264,163
			TOTAL FINLAND		53,969,097
FRANCE - 9.5%
	101,879		Accor S.A.		4,994,463
	14,119		Aeroports de Paris		1,693,277
	168,846		Air Liquide		21,986,313
	1,398,995	*	Alcatel S.A.		5,279,115
	109,161	*,e	Alstom RGPT		3,205,984
	31,883		Arkema		2,484,482
	41,550		Atos Origin S.A.		3,157,231
	957,161		AXA S.A.		25,207,040
	515,841		BNP Paribas		33,554,058
	423,352		Bollore		2,344,943
	99,315		Bouygues S.A.		3,644,666
	126,936		Bureau Veritas S.A.		2,965,735
	75,098		Cap Gemini S.A.		7,174,217

274

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	270,292		Carrefour S.A.	$	9,278,042
	27,154		Casino Guichard Perrachon S.A.		2,015,222
	26,982		Christian Dior S.A.		5,581,153
	98,653		CNP Assurances		1,658,032
	237,140		Compagnie de Saint-Gobain		11,235,054
	498,638		Credit Agricole S.A.		7,845,878
	61,476		Dassault Systemes S.A.		4,635,789
	99,297		Edenred		2,474,991
	125,593		Electricite de France		2,988,835
	100,465		Essilor International S.A.		12,867,502
	24,599		Eurazeo		1,598,577
	289,752		European Aeronautic Defence and Space Co		20,568,174
	78,979		Eutelsat Communications		2,407,000
	15,334		Fonciere Des Regions		1,324,069
	903,367		France Telecom S.A.		14,860,614
	715,552	*	Gaz de France		13,722,489
	16,004		Gecina S.A.		2,050,287
	281,313		Groupe Danone		19,084,913
	252,344		Groupe Eurotunnel S.A.		3,625,387
	13,832		Hermes International		5,379,034
	18,625		Icade		1,381,116
	13,464		Iliad S.A.		3,194,698
	16,084		Imerys S.A.		1,211,775
	36,076	e	JC Decaux S.A.		1,380,545
	81,884		Klepierre		3,725,608
	57,590		Lagardere S.C.A.		1,722,320
	129,526		Legrand S.A.		7,968,058
	125,888		L’Oreal S.A.		23,530,080
	135,804		LVMH Moet Hennessy Louis Vuitton S.A.		25,403,352
	91,107		Michelin (C.G.D.E.) (Class B)		8,918,338
	471,367		Natixis		3,459,468
	49,439	*	Numericable SAS		2,695,545
	102,748		Pernod-Ricard S.A.		12,290,436
	213,742	*	Peugeot S.A.		4,275,639
	36,530		PPR		7,034,796
	91,107		Publicis Groupe S.A.		6,890,177
	16,380		Remy Cointreau S.A.		1,165,530
	95,351		Renault S.A.		8,777,795
	137,758		Rexel S.A.		2,169,506
	141,535		Safran S.A.		10,715,723
	581,887		Sanofi-Aventis		62,722,246
	274,562		Schneider Electric S.A.		19,152,953
	77,281		SCOR		2,961,443
	14,926		Societe BIC S.A.		2,556,409
	353,651		Societe Generale		17,364,778
	44,634		Sodexho Alliance S.A.		4,157,208
	142,354		Suez Environnement S.A.		2,728,381
	50,240		Technip S.A.		2,854,780
	48,838		Thales S.A.		3,300,356
	1,051,394		Total S.A.		51,878,888
	48,194		Unibail-Rodamco		12,810,175
	39,707		Valeo S.A.		5,292,027

275

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	70,462	e	Vallourec	$	1,153,108
	219,557		Veolia Environnement		4,904,041
	229,690		Vinci S.A.		14,720,358
	566,184		Vivendi Universal S.A.		14,877,532
	14,463		Wendel		1,925,729
	98,418		Zodiac S.A.		2,933,628
			TOTAL FRANCE		629,097,111
GERMANY - 8.8%
	102,937		Adidas-Salomon AG.		8,423,569
	222,871		Allianz AG.		36,509,063
	19,939		Axel Springer AG.		1,117,502
	450,348		BASF SE		38,916,635
	405,371		Bayer AG.		59,863,760
	162,545		Bayerische Motoren Werke AG.		16,299,313
	27,233		Bayerische Motoren Werke AG. (Preference)		2,131,555
	49,052		Beiersdorf AG.		4,190,976
	74,185		Brenntag AG.		4,125,419
	532,227	*	Commerzbank AG.		6,883,055
	54,063		Continental AG.		12,086,486
	472,811		Daimler AG. (Registered)		42,295,729
	235,924		Deutsche Annington Immobilien SE		7,360,803
	675,174		Deutsche Bank AG.		23,718,750
	95,110		Deutsche Boerse AG.		8,639,897
	115,885	*	Deutsche Lufthansa AG.		1,574,318
	486,642		Deutsche Post AG.		14,708,889
	1,546,924		Deutsche Telekom AG.		27,972,169
	161,656		Deutsche Wohnen AG.		3,988,399
	981,215		E.ON AG.		12,958,199
	66,455	e	Evonik Industries AG.		2,663,204
	18,362		Fraport AG. Frankfurt Airport Services Worldwide		1,205,598
	105,391		Fresenius Medical Care AG.		8,623,314
	183,962		Fresenius SE		12,729,425
	36,436		Fuchs Petrolub AG. (Preference)		1,583,450
	88,193		GEA Group AG.		3,731,957
	27,587		Hannover Rueckversicherung AG.		2,928,792
	68,214		HeidelbergCement AG.		5,195,226
	50,394		Henkel KGaA		5,082,541
	86,446		Henkel KGaA (Preference)		10,247,823
	32,107		Hugo Boss AG.		3,871,345
	547,274		Infineon Technologies AG.		6,138,898
	95,112		K&S AG.		3,902,456
	13,188	*	Kabel Deutschland Holding AG.		1,789,794
	44,128		Lanxess AG.		2,548,288
	90,329		Linde AG.		17,048,129
	20,407		MAN AG.		2,127,857
	62,794		Merck KGaA		6,390,182
	81,322		Metro AG.		2,560,256
	86,728		Muenchener Rueckver AG.		15,938,740
	45,166		Osram Licht AG.		2,565,811
	79,002		Porsche AG.		5,954,446
	105,811		ProSiebenSat. Media AG.		5,409,403

276

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	22,528		RTL Group	$	2,047,326
	240,524		RWE AG.		5,009,303
	478,854		SAP AG.		34,402,336
	387,180		Siemens AG.		41,484,796
	60,223		Symrise AG.		4,004,047
	300,239	e	Telefonica Deutschland Holding AG.		1,862,115
	186,286	e	ThyssenKrupp AG.		4,724,206
	218,252		TUI AG. (DI)		3,749,058
	59,306		United Internet AG.		2,931,225
	18,767	e	Volkswagen AG.		3,795,915
	79,781		Volkswagen AG. (Preference)		16,001,924
			TOTAL GERMANY		584,013,672
HONG KONG - 3.1%
	5,966,200		AIA Group Ltd		38,807,358
	115,700	e	ASM Pacific Technology		1,046,705
	574,675		Bank of East Asia Ltd		2,327,377
	1,772,000		BOC Hong Kong Holdings Ltd		7,137,327
	569,000		Cathay Pacific Airways Ltd		1,344,880
	305,000		Cheung Kong Infrastructure Holdings Ltd		2,652,176
	1,340,836	*	Cheung Kong Property Holdings Ltd		11,173,201
	1,336,336		CK Hutchison Holdings Ltd		19,835,877
	904,000		CLP Holdings Ltd		7,677,238
	1,103,750		First Pacific Co		884,440
	1,138,000		Galaxy Entertainment Group Ltd		5,232,998
	1,088,000		Hang Lung Properties Ltd		3,107,144
	366,300		Hang Seng Bank Ltd		7,504,379
	550,311	e	Henderson Land Development Co Ltd		3,631,122
	1,237,640		HKT Trust and HKT Ltd		1,507,078
	3,513,521		Hong Kong & China Gas Ltd		7,167,515
	673,000		Hong Kong Electric Holdings Ltd		6,339,295
	549,529		Hong Kong Exchanges and Clearing Ltd		14,882,774
	304,792		Hysan Development Co Ltd		1,304,617
	338,123		Kerry Properties Ltd		1,262,229
	2,772,600	e	Li & Fung Ltd		2,144,772
	1,103,991		Link REIT		6,490,437
	735,553	e	MTR Corp		3,274,672
	2,562,613		New World Development Co Ltd		3,094,460
	2,300,999	e	Noble Group Ltd		763,638
	811,261		NWS Holdings Ltd		1,219,417
	2,153,937		PCCW Ltd		1,288,982
	1,193,600		Sands China Ltd		5,267,682
	612,192		Shangri-La Asia Ltd		789,189
	1,479,546		Sino Land Co		2,295,713
	1,008,000	e	SJM Holdings Ltd		1,167,367
	837,186		Sun Hung Kai Properties Ltd		12,846,471
	298,500		Swire Pacific Ltd (Class A)		3,822,837
	590,600		Swire Properties Ltd		1,898,983
	659,000		Techtronic Industries Co		2,320,706
	2,819,500	*	WH Group Ltd		1,805,962
	685,762		Wharf Holdings Ltd		4,347,817
	439,000		Wheelock & Co Ltd		2,271,453

277

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	356,000		Yue Yuen Industrial Holdings	$	1,157,231
			TOTAL HONG KONG		203,093,519
IRELAND - 0.8%
	13,502,788	*	Bank of Ireland		5,670,958
	400,090		CRH plc		11,833,368
	67,097	*,m	Irish Bank Resolution Corp Ltd		0
	221,670		James Hardie Industries NV		3,065,657
	76,297		Kerry Group plc (Class A)		5,797,830
	41,178		Ryanair Holdings plc		564,749
	8,828		Ryanair Holdings plc (ADR)		654,243
	289,896		Shire Ltd		25,770,653
			TOTAL IRELAND		53,357,458
ISRAEL - 0.6%
	17,747		Azrieli Group		736,788
	524,488		Bank Hapoalim Ltd		2,916,182
	735,257	*	Bank Leumi Le-Israel		3,206,612
	906,126		Bezeq Israeli Telecommunication Corp Ltd		1,671,116
	2,524		Delek Group Ltd		745,385
	231,931		Israel Chemicals Ltd		1,605,025
	1,371		Israel Corp Ltd		483,655
	85,641		Mizrahi Tefahot Bank Ltd		1,098,759
	31,186		Nice Systems Ltd		2,002,277
	420,128		Teva Pharmaceutical Industries Ltd		28,824,990
			TOTAL ISRAEL		43,290,789
ITALY - 2.2%
	561,626		Assicurazioni Generali S.p.A.		11,068,103
	198,185		Autostrade S.p.A.		5,292,365
	6,170,547		Banca Intesa S.p.A.		23,757,411
	483,085		Banca Intesa S.p.A. RSP		1,612,437
	1,351,830	*,e	Banca Monte dei Paschi di Siena S.p.A		2,686,398
	439,940		Banche Popolari Unite Scpa		3,568,235
	176,786	*	Banco Popolare SC		3,060,881
	932,989		Enel Green Power S.p.A		1,938,073
	3,441,344		Enel S.p.A.		16,170,699
	1,268,407		ENI S.p.A.		22,197,899
	50,800		Exor S.p.A.		2,556,020
	205,294	*	Finmeccanica S.p.A.		2,958,112
	480,337		Fondiaria-Sai S.p.A		1,248,166
	87,024		Luxottica Group S.p.A.		6,310,704
	285,495		Mediobanca S.p.A.		3,111,326
	122,927		Pirelli & C S.p.A.		2,032,481
	95,911		Prysmian S.p.A.		2,202,194
	126,033	*,e	Saipem S.p.A.		1,099,859
	1,016,236		Snam Rete Gas S.p.A.		5,000,756
	2,940,423		Telecom Italia RSP		3,052,354
	4,893,131	*	Telecom Italia S.p.A.		6,483,919
	727,160		Terna Rete Elettrica Nazionale S.p.A.		3,391,384
	2,349,800		UniCredit S.p.A		15,582,202
			TOTAL ITALY		146,381,978

278

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
JAPAN - 22.2%
	12,700	e	ABC-Mart, Inc	$	762,536
	190,400	*,e	Acom Co Ltd		904,326
	82,800	e	Advantest Corp		723,679
	315,300	e	Aeon Co Ltd		4,818,022
	53,800	e	AEON Financial Service Co Ltd		1,400,735
	56,000		Aeon Mall Co Ltd		1,051,755
	72,000		Air Water, Inc		1,248,991
	92,400		Aisin Seiki Co Ltd		3,745,796
	291,000		Ajinomoto Co, Inc		6,692,258
	103,000		Alfresa Holdings Corp		1,724,966
	581,000		All Nippon Airways Co Ltd		1,850,074
	169,700		Amada Co Ltd		1,662,223
	552,000		Aozora Bank Ltd		2,118,120
	186,600		Asahi Breweries Ltd		6,253,707
	480,000	e	Asahi Glass Co Ltd		2,812,209
	615,000		Asahi Kasei Corp		4,671,719
	75,700	e	Asics Corp		2,175,478
	1,046,400		Astellas Pharma, Inc		15,750,329
	175,000		Bank of Kyoto Ltd		2,063,454
	544,000		Bank of Yokohama Ltd		3,456,599
	32,500	e	Benesse Corp		876,474
	317,200		Bridgestone Corp		11,956,834
	113,700		Brother Industries Ltd		1,570,662
	35,800		Calbee, Inc		1,595,183
	523,600		Canon, Inc		16,752,645
	100,400	e	Casio Computer Co Ltd		2,000,035
	70,500		Central Japan Railway Co		12,333,392
	343,000		Chiba Bank Ltd		2,733,006
	89,000	e	Chiyoda Corp		717,160
	310,700		Chubu Electric Power Co, Inc		5,270,553
	109,258		Chugai Pharmaceutical Co Ltd		3,974,273
	81,600		Chugoku Bank Ltd		1,274,597
	148,100		Chugoku Electric Power Co, Inc		2,214,877
	125,100	e	Citizen Watch Co Ltd		834,591
	30,700	e	COLOPL, Inc		596,380
	71,600		Credit Saison Co Ltd		1,584,640
	266,000		Dai Nippon Printing Co Ltd		2,951,565
	140,600		Daicel Chemical Industries Ltd		1,905,706
	89,400	e	Daihatsu Motor Co Ltd		1,269,635
	530,400		Dai-ichi Mutual Life Insurance Co		10,773,687
	307,800		Daiichi Sankyo Co Ltd		6,302,871
	114,300		Daikin Industries Ltd		7,386,935
	75,400	e	Dainippon Sumitomo Pharma Co Ltd		901,647
	34,700		Daito Trust Construction Co Ltd		3,664,430
	290,500		Daiwa House Industry Co Ltd		7,225,372
	806,000		Daiwa Securities Group, Inc		6,262,967
	237,700		Denso Corp		11,781,795
	105,400		Dentsu, Inc		5,964,734
	56,800		Don Quijote Co Ltd		2,421,416
	165,900		East Japan Railway Co		16,365,590

279

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	125,900		Eisai Co Ltd	$	8,216,850
	70,900		Electric Power Development Co		2,450,428
	28,100		FamilyMart Co Ltd		1,358,015
	99,700		Fanuc Ltd		16,628,605
	26,700		Fast Retailing Co Ltd		13,208,413
	257,000		Fuji Electric Holdings Co Ltd		1,062,502
	288,100		Fuji Heavy Industries Ltd		10,644,578
	225,600		Fujifilm Holdings Corp		8,947,005
	910,000		Fujitsu Ltd		4,773,815
	378,000		Fukuoka Financial Group, Inc		1,942,674
	197,000	e	GungHo Online Entertainment Inc		653,752
	170,000		Gunma Bank Ltd		1,263,352
	211,000		Hachijuni Bank Ltd		1,637,504
	110,200		Hakuhodo DY Holdings, Inc		1,231,277
	67,400		Hamamatsu Photonics KK		1,752,818
	542,000		Hankyu Hanshin Holdings, Inc		3,423,819
	9,300		Hikari Tsushin, Inc		649,216
	121,000		Hino Motors Ltd		1,565,873
	14,900		Hirose Electric Co Ltd		1,777,367
	242,000		Hiroshima Bank Ltd		1,418,201
	27,300		Hisamitsu Pharmaceutical Co, Inc		992,439
	46,700		Hitachi Chemical Co Ltd		825,795
	50,900		Hitachi Construction Machinery Co Ltd		846,284
	33,600		Hitachi High-Technologies Corp		783,151
	2,356,000		Hitachi Ltd		15,264,014
	102,000		Hitachi Metals Ltd		1,516,441
	594,000		Hokuhoku Financial Group, Inc		1,402,403
	92,200	e	Hokuriku Electric Power Co		1,417,331
	797,600		Honda Motor Co Ltd		26,797,365
	207,300		Hoya Corp		8,766,362
	56,100		Ibiden Co Ltd		927,498
	41,700		Idemitsu Kosan Co Ltd		766,484
	78,100		Iida Group Holdings Co Ltd		1,370,850
	463,700		Inpex Holdings, Inc		5,038,439
	172,980		Isetan Mitsukoshi Holdings Ltd		3,146,753
	669,000		Ishikawajima-Harima Heavy Industries Co Ltd		2,658,751
	284,500		Isuzu Motors Ltd		3,938,114
	800,900		Itochu Corp		9,804,483
	21,000		Itochu Techno-Science Corp		490,308
	128,800		Iyo Bank Ltd		1,637,564
	116,300		J Front Retailing Co Ltd		2,184,917
	60,800		Japan Airlines Co Ltd		2,293,925
	20,900	e	Japan Airport Terminal Co Ltd		1,111,852
	178,500	*,e	Japan Display, Inc		553,375
	397		Japan Prime Realty Investment Corp		1,285,897
	629		Japan Real Estate Investment Corp		2,820,872
	1,172		Japan Retail Fund Investment Corp		2,297,384
	549,400		Japan Tobacco, Inc		21,325,869
	250,100		JFE Holdings, Inc		4,683,340
	101,000		JGC Corp		1,724,891
	344,000		Joyo Bank Ltd		2,034,574
	89,600	e	JSR Corp		1,490,968

280

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	97,900		JTEKT Corp	$	1,690,555
	1,080,000		JX Holdings, Inc		4,603,796
	408,000		Kajima Corp		2,025,298
	71,000	e	Kakaku.com, Inc		1,128,558
	103,000		Kamigumi Co Ltd		968,795
	130,000		Kaneka Corp		937,944
	375,300	*	Kansai Electric Power Co, Inc		5,088,798
	110,000		Kansai Paint Co Ltd		1,790,508
	245,600		Kao Corp		12,451,078
	690,000		Kawasaki Heavy Industries Ltd		3,024,238
	872,500		KDDI Corp		22,149,339
	241,000	e	Keihan Electric Railway Co Ltd		1,573,999
	242,000		Keihin Electric Express Railway Co Ltd		1,990,610
	272,000		Keio Corp		2,263,014
	135,000		Keisei Electric Railway Co Ltd		1,645,658
	23,000		Keyence Corp		11,585,924
	71,000		Kikkoman Corp		2,481,507
	911,000		Kintetsu Corp		3,245,182
	396,900		Kirin Brewery Co Ltd		6,102,705
	1,493,000		Kobe Steel Ltd		2,309,369
	50,200		Koito Manufacturing Co Ltd		1,972,156
	454,500		Komatsu Ltd		8,398,678
	46,000		Konami Corp		959,329
	222,000		Konica Minolta Holdings, Inc		2,766,809
	548,000		Kubota Corp		9,372,239
	165,200		Kuraray Co Ltd		1,947,502
	49,300		Kurita Water Industries Ltd		1,077,402
	158,100		Kyocera Corp		8,140,492
	117,000		Kyowa Hakko Kogyo Co Ltd		1,903,811
	204,800	*,e	Kyushu Electric Power Co, Inc		2,902,104
	31,300		Lawson, Inc		2,328,136
	131,200	e	LIXIL Group Corp		2,630,303
	25,400		Mabuchi Motor Co Ltd		1,519,835
	57,400		Makita Corp		3,168,892
	878,600		Marubeni Corp		4,882,817
	113,400	e	Marui Co Ltd		1,585,521
	22,900	e	Maruichi Steel Tube Ltd		590,027
	1,075,700		Matsushita Electric Industrial Co Ltd		12,568,849
	263,400		Mazda Motor Corp		5,166,745
	39,300	e	McDonald’s Holdings Co Japan Ltd		836,964
	75,900		Mediceo Paltac Holdings Co Ltd		1,351,396
	30,600		MEIJI Holdings Co Ltd		4,346,186
	168,000		Minebea Co Ltd		2,627,274
	26,500		Miraca Holdings, Inc		1,219,722
	651,600		Mitsubishi Chemical Holdings Corp		4,252,732
	672,300		Mitsubishi Corp		14,506,076
	942,000		Mitsubishi Electric Corp		10,117,307
	619,000		Mitsubishi Estate Co Ltd		13,746,510
	183,000		Mitsubishi Gas Chemical Co, Inc		1,015,160
	1,479,000		Mitsubishi Heavy Industries Ltd		7,819,711
	60,000		Mitsubishi Logistics Corp		871,747
	539,000		Mitsubishi Materials Corp		1,951,216

281

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	308,299		Mitsubishi Motors Corp	$	2,620,874
	6,263,380		Mitsubishi UFJ Financial Group, Inc		45,579,147
	233,300		Mitsubishi UFJ Lease & Finance Co Ltd		1,250,591
	836,800		Mitsui & Co Ltd		10,857,641
	394,000	e	Mitsui Chemicals, Inc		1,475,734
	465,000		Mitsui Fudosan Co Ltd		13,227,098
	565,000	e	Mitsui OSK Lines Ltd		1,694,534
	246,200		Mitsui Sumitomo Insurance Group Holdings, Inc		7,753,406
	1,604,000		Mitsui Trust Holdings, Inc		7,449,975
	20,400	e	Mixi Inc		883,311
	11,566,907		Mizuho Financial Group, Inc		25,221,751
	99,200		Murata Manufacturing Co Ltd		14,696,718
	59,400		Nabtesco Corp		1,304,358
	428,000	e	Nagoya Railroad Co Ltd		1,607,113
	84,100		Namco Bandai Holdings, Inc		1,864,184
	1,264,000		NEC Corp		4,037,001
	62,200		Nexon Co Ltd		851,694
	126,000		NGK Insulators Ltd		3,229,345
	87,288		NGK Spark Plug Co Ltd		2,310,675
	77,800		NHK Spring Co Ltd		824,059
	105,900		Nidec Corp		9,468,127
	163,500	e	Nikon Corp		1,944,781
	54,100		Nintendo Co Ltd		9,502,146
	704		Nippon Building Fund, Inc		3,146,175
	220,000		Nippon Electric Glass Co Ltd		1,067,505
	397,000		Nippon Express Co Ltd		2,098,640
	85,000		Nippon Meat Packers, Inc		2,065,965
	74,000	e	Nippon Paint Co Ltd		2,121,002
	686		Nippon ProLogis REIT, Inc		1,352,941
	3,705,000		Nippon Steel Corp		8,751,474
	367,100		Nippon Telegraph & Telephone Corp		14,138,022
	785,000		Nippon Yusen Kabushiki Kaisha		2,145,866
	1,211,900		Nissan Motor Co Ltd		11,530,652
	99,800		Nisshin Seifun Group, Inc		1,430,392
	29,900	e	Nissin Food Products Co Ltd		1,347,407
	35,900		Nitori Co Ltd		3,218,424
	80,800		Nitto Denko Corp		6,115,181
	160,700		NKSJ Holdings, Inc		5,661,924
	50,600		NOK Corp		1,482,131
	1,769,500		Nomura Holdings, Inc		12,671,212
	59,600		Nomura Real Estate Holdings, Inc		1,188,536
	52,900		Nomura Research Institute Ltd		2,169,763
	224,100		NSK Ltd		2,891,882
	60,600		NTT Data Corp		2,895,410
	763,400		NTT DoCoMo, Inc		16,119,446
	54,600		NTT Urban Development Corp		536,637
	307,000		Obayashi Corp		2,362,744
	296,000	e	Odakyu Electric Railway Co Ltd		2,960,597
	390,000		OJI Paper Co Ltd		1,705,201
	124,500		Olympus Corp		4,763,796
	98,200		Omron Corp		3,847,798
	40,100		Ono Pharmaceutical Co Ltd		4,831,165

282

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	22,000		Oracle Corp Japan	$	925,864
	98,000		Oriental Land Co Ltd		6,215,777
	645,500		ORIX Corp		9,640,947
	898,000		Osaka Gas Co Ltd		3,590,702
	133,600		Osaka Securities Exchange Co Ltd		4,650,354
	24,400		Otsuka Corp		1,280,650
	189,700		Otsuka Holdings KK		6,811,174
	42,900		Park24 Co Ltd		780,035
	456,500		Rakuten, Inc		7,335,967
	72,700	e	Recruit Holdings Co Ltd		2,290,368
	1,126,500		Resona Holdings, Inc		6,193,190
	338,100		Ricoh Co Ltd		3,335,608
	17,300		Rinnai Corp		1,222,945
	47,000		Rohm Co Ltd		2,717,466
	28,000		Sankyo Co Ltd		1,062,008
	22,100	e	Sanrio Co Ltd		614,164
	179,600		Santen Pharmaceutical Co Ltd		2,642,281
	102,440		SBI Holdings, Inc		1,422,550
	102,000		Secom Co Ltd		6,862,178
	96,100		Sega Sammy Holdings, Inc		1,198,952
	63,300		Seibu Holdings, Inc		1,448,992
	136,100		Seiko Epson Corp		2,404,615
	202,000		Sekisui Chemical Co Ltd		2,241,203
	286,700		Sekisui House Ltd		4,258,991
	366,200		Seven & I Holdings Co Ltd		16,896,961
	287,100	e	Seven Bank Ltd		1,367,389
	867,000	*,e	Sharp Corp		1,147,233
	88,600	*	Shikoku Electric Power Co, Inc		1,490,982
	120,000		Shimadzu Corp		1,786,349
	10,500	e	Shimamura Co Ltd		1,083,384
	38,200		Shimano, Inc		5,295,776
	297,000		Shimizu Corp		2,604,674
	206,900		Shin-Etsu Chemical Co Ltd		12,372,617
	855,000		Shinsei Bank Ltd		1,867,965
	145,600		Shionogi & Co Ltd		5,800,672
	174,700		Shiseido Co Ltd		4,225,698
	253,000		Shizuoka Bank Ltd		2,857,780
	142,300		Shoei Co Ltd		1,407,432
	88,600		Showa Shell Sekiyu KK		832,005
	26,300		SMC Corp		6,662,285
	477,300		Softbank Corp		26,382,346
	99,500		So-net M3, Inc		2,344,663
	607,300	*	Sony Corp		17,214,777
	82,900		Sony Financial Holdings, Inc		1,584,713
	69,400	e	Stanley Electric Co Ltd		1,481,529
	785,009		Sumitomo Chemical Co Ltd		4,478,131
	580,100		Sumitomo Corp		6,585,474
	364,700		Sumitomo Electric Industries Ltd		5,439,380
	266,000		Sumitomo Heavy Industries Ltd		1,342,517
	251,000		Sumitomo Metal Mining Co Ltd		3,374,753
	632,300		Sumitomo Mitsui Financial Group, Inc		28,512,929
	175,000		Sumitomo Realty & Development Co Ltd		6,138,673

283

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	80,900	e	Sumitomo Rubber Industries, Inc	$	1,218,999
	71,700		Suntory Beverage & Food Ltd		3,028,761
	88,200		Suruga Bank Ltd		1,893,920
	41,900		Suzuken Co Ltd		1,482,552
	176,600		Suzuki Motor Corp		6,147,799
	70,900		Sysmex Corp		4,587,957
	281,300		T&D Holdings, Inc		4,283,562
	574,000		Taiheiyo Cement Corp		1,892,494
	489,000		Taisei Corp		2,873,602
	19,200		Taisho Pharmaceutical Holdings Co Ltd		1,288,312
	72,800	e	Taiyo Nippon Sanso Corp		855,046
	134,000		Takashimaya Co Ltd		1,281,862
	394,500		Takeda Pharmaceutical Co Ltd		19,847,813
	114,900		Tanabe Seiyaku Co Ltd		1,913,053
	60,400		TDK Corp		4,223,440
	453,000		Teijin Ltd		1,653,304
	145,900		Terumo Corp		3,761,154
	58,800		THK Co Ltd		1,139,094
	526,000		Tobu Railway Co Ltd		2,528,962
	54,400		Toho Co Ltd		1,287,062
	194,000		Toho Gas Co Ltd		1,158,946
	215,900		Tohoku Electric Power Co, Inc		3,165,752
	338,700		Tokio Marine Holdings, Inc		14,104,506
	753,800	*	Tokyo Electric Power Co, Inc		5,407,308
	83,800		Tokyo Electron Ltd		4,626,260
	1,128,000		Tokyo Gas Co Ltd		6,090,226
	105,000		Tokyo Tatemono Co Ltd		1,469,303
	564,000		Tokyu Corp		4,144,834
	249,500		Tokyu Fudosan Holdings Corp		1,882,407
	138,000		TonenGeneral Sekiyu KK		1,379,769
	269,000		Toppan Printing Co Ltd		2,337,596
	715,000		Toray Industries, Inc		5,689,518
	1,962,000	*	Toshiba Corp		5,996,833
	148,000	e	Toto Ltd		2,409,022
	81,800		Toyo Seikan Kaisha Ltd		1,274,607
	45,400		Toyo Suisan Kaisha Ltd		1,715,508
	27,400		Toyoda Gosei Co Ltd		605,444
	80,900		Toyota Industries Corp		4,478,297
	1,338,400		Toyota Motor Corp		89,123,735
	100,500		Toyota Tsusho Corp		2,547,516
	49,500		Trend Micro, Inc		1,811,797
	178,700		Uni-Charm Corp		4,290,142
	1,288		United Urban Investment Corp		1,870,858
	105,700		USS Co Ltd		1,856,054
	79,800		West Japan Railway Co		5,726,949
	703,200	e	Yahoo! Japan Corp		3,076,603
	42,900	e	Yakult Honsha Co Ltd		2,846,685
	353,900	e	Yamada Denki Co Ltd		1,352,303
	94,000	e	Yamaguchi Financial Group, Inc		1,255,019
	80,800		Yamaha Corp		1,901,699
	126,800		Yamaha Motor Co Ltd		2,876,769
	170,100		Yamato Transport Co Ltd		3,769,936

284

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	57,000		Yamazaki Baking Co Ltd	$	908,077
	110,900	e	Yaskawa Electric Corp		1,314,451
	107,500		Yokogawa Electric Corp		1,205,929
	49,400		Yokohama Rubber Co Ltd		976,990
			TOTAL JAPAN		1,475,590,523
JERSEY, C.I. - 0.2%
	480,834		Experian Group Ltd		9,014,982
	46,579		Randgold Resources Ltd		2,809,929
			TOTAL JERSEY, C.I.		11,824,911
LUXEMBOURG - 0.3%
	42,961	*	Altice S.A.		5,425,924
	485,897	e	ArcelorMittal		4,385,896
	32,254		Millicom International Cellular S.A.		2,358,764
	159,652		SES Global S.A.		4,938,392
	230,723		Tenaris S.A.		2,916,431
			TOTAL LUXEMBOURG		20,025,407
MACAU - 0.0%
	463,600		MGM China Holdings Ltd		982,328
	763,600	*,e	Wynn Macau Ltd		1,574,779
			TOTAL MACAU		2,557,107
MEXICO - 0.0%
	106,116		Fresnillo plc		1,070,333
			TOTAL MEXICO		1,070,333
NETHERLANDS - 3.4%
	873,523		Aegon NV		6,718,911
	119,571		Akzo Nobel NV		8,555,908
	172,502		ASML Holding NV		17,147,643
	41,495		Boskalis Westminster		2,027,338
	118,622		Delta Lloyd NV		2,105,923
	89,200		DSM NV		5,090,596
	38,596		Gemalto NV		3,311,798
	51,075		Heineken Holding NV		3,539,250
	111,400		Heineken NV		8,760,450
	1,889,298		ING Groep NV		32,131,584
	432,913		Koninklijke Ahold NV		8,615,735
	1,582,348	e	Koninklijke KPN NA		6,251,984
	461,174		Koninklijke Philips Electronics NV		12,851,174
	32,850	e	Koninklijke Vopak NV		1,716,133
	90,940		NN Group NV		2,802,080
	40,024	*,e	OCI NV		1,340,531
	62,188		Randstad Holdings NV		4,246,947
	1,924,352		Royal Dutch Shell plc (A Shares)		55,158,417
	1,209,991		Royal Dutch Shell plc (B Shares)		35,035,363
	239,699	*	TNT Express NV		2,006,047
	145,621		Wolters Kluwer NV		4,819,856
			TOTAL NETHERLANDS		224,233,668

285

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
NEW ZEALAND - 0.1%
	471,268		Auckland International Airport Ltd	$	1,682,145
	190,812		Contact Energy Ltd		623,477
	326,257		Fletcher Building Ltd		1,704,841
	624,379	*	Meridian Energy Ltd		927,317
	310,109		Mighty River Power Ltd		564,980
	183,280		Ryman Healthcare Ltd		1,015,907
	906,150	*	Telecom Corp of New Zealand Ltd		1,769,721
			TOTAL NEW ZEALAND		8,288,388
NORWAY - 0.6%
	474,764		DNB NOR Holding ASA		7,739,810
	96,418		Gjensidige Forsikring BA		1,549,363
	665,283		Norsk Hydro ASA		2,480,980
	395,071		Orkla ASA		3,148,627
	185,036	*,e	Seadrill Ltd (Oslo Exchange)		1,664,909
	545,233		Statoil ASA		9,191,888
	365,600		Telenor ASA		8,030,767
	88,090		Yara International ASA		4,382,846
			TOTAL NORWAY		38,189,190
PORTUGAL - 0.1%
	18,488,693	*	Banco Comercial Portugues S.A.		1,416,655
	1,131,526		Energias de Portugal S.A.		4,185,234
	185,035		Galp Energia SGPS S.A.		2,140,001
	120,809		Jeronimo Martins SGPS S.A.		1,795,482
			TOTAL PORTUGAL		9,537,372
SINGAPORE - 1.3%
	1,035,960		Ascendas REIT		1,826,480
	1,058,000		CapitaCommercial Trust		1,098,598
	1,260,000		CapitaLand Ltd		2,956,800
	1,170,330		CapitaMall Trust		1,706,118
	199,400		City Developments Ltd		1,357,076
	1,047,700		ComfortDelgro Corp Ltd		2,299,162
	838,050		DBS Group Holdings Ltd		12,337,951
	2,979,100	e	Genting International plc		1,908,998
	1,714,800		Global Logistic Properties		2,876,136
	3,391,247	e	Golden Agri-Resources Ltd		778,688
	2,667,300		Hutchison Port Holdings Trust		1,600,876
	55,309	e	Jardine Cycle & Carriage Ltd		1,191,257
	716,100	e	Keppel Corp Ltd		3,912,044
	1,461,394		Oversea-Chinese Banking Corp		10,959,076
	460,860		SembCorp Industries Ltd		1,198,696
	437,600	e	SembCorp Marine Ltd		831,636
	255,633		Singapore Airlines Ltd		1,999,798
	391,800		Singapore Exchange Ltd		2,277,805
	848,200	e	Singapore Press Holdings Ltd		2,584,200
	798,500		Singapore Technologies Engineering Ltd		1,909,109
	4,015,803		Singapore Telecommunications Ltd		11,993,687
	305,000		StarHub Ltd		851,568

286

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	1,181,000		Suntec Real Estate Investment Trust	$	1,465,699
	623,458		United Overseas Bank Ltd		10,092,889
	222,770	e	UOL Group Ltd		1,088,338
	902,000	e	Wilmar International Ltd		2,103,355
			TOTAL SINGAPORE		85,206,040
SOUTH AFRICA - 0.1%
	266,303		Investec plc		2,428,767
	180,051		Mondi plc		4,322,159
			TOTAL SOUTH AFRICA		6,750,926
SPAIN - 3.4%
	236,553	e	Abertis Infraestructuras S.A. (Continuous)		3,873,541
	91,386		ACS Actividades Construccion y Servicios S.A.		3,067,013
	34,730	*	Aena S.A.		3,823,649
	221,160	e	Amadeus IT Holding S.A.		9,655,090
	3,085,540		Banco Bilbao Vizcaya Argentaria S.A.		31,288,452
	2,447,441	e	Banco de Sabadell S.A.		5,575,908
	863,265		Banco Popular Espanol S.A.		3,964,496
	7,044,995		Banco Santander Central Hispano S.A.		48,714,112
	2,211,510	e	Bankia S.A.		2,922,731
	326,483		Bankinter S.A.		2,519,955
	492,813		Corp Mapfre S.A.		1,586,285
	1,345,240		Criteria CaixaBank S.A.		6,003,364
	301,838	e	Distribuidora Internacional de Alimentacion S.A.		1,889,075
	101,788		Enagas		2,857,368
	151,868		Endesa S.A.		3,190,463
	213,332		Ferrovial S.A.		5,188,101
	164,901		Gas Natural SDG S.A.		3,579,077
	77,819	e	Grifols S.A.		3,438,776
	2,707,400		Iberdrola S.A.		19,095,948
	545,901		Inditex S.A.		18,717,882
	51,731		Red Electrica de Espana		4,130,712
	516,729		Repsol YPF S.A.		8,684,359
	2,171,072		Telefonica S.A.		33,301,456
	112,813	e	Zardoya Otis S.A.		1,238,477
	4,512	*,m	Zardoya Otis S.A. (International Shares)		49,533
			TOTAL SPAIN		228,355,823
SWEDEN - 2.8%
	149,953	e	Alfa Laval AB		2,757,902
	488,227		Assa Abloy AB		9,913,362
	328,412		Atlas Copco AB (A Shares)		8,981,740
	190,726		Atlas Copco AB (B Shares)		4,689,939
	150,906		Boliden AB		2,786,739
	116,760	e	Electrolux AB (Series B)		3,351,938
	188,087	e	Elekta AB (B Shares)		1,249,298
	1,485,768		Ericsson (LM) (B Shares)		15,885,899
	96,479		Getinge AB (B Shares)		2,366,598
	474,746		Hennes & Mauritz AB (B Shares)		18,888,857
	128,431		Hexagon AB (B Shares)		4,149,890
	201,078		Husqvarna AB (B Shares)		1,465,260

287

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	42,612	e	ICA Gruppen AB	$	1,554,961
	97,890		Industrivarden AB		1,848,810
	221,734		Investor AB (B Shares)		8,548,639
	113,495		Kinnevik Investment AB (Series B)		3,628,975
	115,990	*,e	Lundin Petroleum AB		1,681,630
	1,476,896		Nordea Bank AB		18,388,569
	520,080	e	Sandvik AB		5,269,824
	149,527		Securitas AB (B Shares)		2,146,436
	732,724		Skandinaviska Enskilda Banken AB (Class A)		8,820,873
	183,731		Skanska AB (B Shares)		3,869,226
	192,232		SKF AB (B Shares)		3,759,953
	286,971		Svenska Cellulosa AB (B Shares)		8,165,599
	727,774		Svenska Handelsbanken AB		11,138,074
	441,990		Swedbank AB (A Shares)		10,353,248
	97,842		Swedish Match AB		2,996,889
	150,557		Tele2 AB		1,566,348
	1,257,932		TeliaSonera AB		7,644,737
	754,103		Volvo AB (B Shares)		8,944,369
			TOTAL SWEDEN		186,814,582
SWITZERLAND - 9.7%
	1,079,369		ABB Ltd		21,954,382
	50,610		Actelion Ltd		7,484,371
	82,634		Adecco S.A.		6,896,835
	41,307	*,e	Aryzta AG.		2,095,820
	27,180		Baloise Holding AG.		3,462,961
	1,240	e	Barry Callebaut AG.		1,386,241
	253,426		Cie Financiere Richemont S.A.		21,874,068
	97,816		Coca-Cola HBC AG.		2,040,226
	745,544		Credit Suisse Group		21,994,127
	18,694	*	Dufry Group		2,592,360
	4,764		EMS-Chemie Holding AG.		2,320,426
	18,149		Geberit AG.		6,277,813
	4,463		Givaudan S.A.		8,301,837
	5,462,706		Glencore Xstrata plc		17,699,786
	204,393	*	Holcim Ltd		14,221,345
	107,440		Julius Baer Group Ltd		5,943,551
	25,525		Kuehne & Nagel International AG.		3,523,660
	436		Lindt & Spruengli AG.		2,450,008
	55		Lindt & Spruengli AG. (Registered)		3,671,400
	26,036		Lonza Group AG.		3,774,037
	1,575,291		Nestle S.A.		119,170,882
	1,125,177		Novartis AG.		116,753,003
	17,649		Pargesa Holding S.A.		1,185,555
	8,937		Partners Group		2,988,289
	25,915		Phonak Holding AG.		3,689,244
	343,990		Roche Holding AG.		99,386,504
	20,923		Schindler Holding AG.		3,369,932
	11,988		Schindler Holding AG. (Registered)		1,947,995
	2,590		SGS S.A.		4,940,599
	1,038		Sika AG.		3,763,143
	312,509		STMicroelectronics NV		2,440,353

288

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	13,694	e	Sulzer AG.	$	1,406,171
	14,883		Swatch Group AG.		6,409,632
	28,610		Swatch Group AG. (Registered)		2,344,918
	17,158		Swiss Life Holding		4,048,386
	35,593	*	Swiss Prime Site AG.		2,836,242
	176,607		Swiss Re Ltd		15,887,034
	12,560		Swisscom AG.		7,304,983
	45,734		Syngenta AG.		18,841,062
	1,787,321		UBS AG.		41,092,459
	72,751		Zurich Financial Services AG.		22,153,377
			TOTAL SWITZERLAND		641,925,017
UNITED KINGDOM - 18.1%
	517,273		3i Group plc		4,462,064
	451,799		Aberdeen Asset Management plc		2,565,963
	101,430		Admiral Group plc		2,343,739
	122,256		Aggreko plc		2,289,964
	189,656	*	AMEC plc		2,421,965
	680,643		Anglo American plc (London)		8,582,220
	695,143		ARM Holdings plc		10,906,181
	244,640		Ashtead Group plc		3,751,451
	181,961		Associated British Foods plc		9,144,978
	625,413		AstraZeneca plc		42,220,746
	1,949,700		Aviva plc		15,853,365
	118,275		Babcock International Group		1,829,835
	1,532,349		BAE Systems plc		11,472,966
	8,050,730		Barclays plc		36,305,907
	486,110		Barratt Developments plc		4,810,816
	1,674,843		BG Group plc		28,497,061
	8,914,985		BP plc		54,913,917
	911,093		British American Tobacco plc		54,097,091
	471,954		British Land Co plc		6,189,468
	4,078,946		BT Group plc		29,519,329
	157,215		Bunzl plc		4,500,150
	213,804		Burberry Group plc		5,365,718
	319,409		Capita Group plc		6,502,216
	2,420,997		Centrica plc		10,069,424
	456,994	e	CNH Industrial NV		4,101,316
	546,533		Cobham plc		2,226,771
	811,888		Compass Group plc		12,986,664
	67,306		Croda International plc		3,191,581
	1,246,502		Diageo plc		34,942,863
	673,428		Direct Line Insurance Group plc		3,843,161
	81,862		easyJet plc		2,100,321
	442,601	*,e	Fiat DaimlerChrysler Automobiles NV		6,962,253
	792,031		GKN plc		3,934,234
	2,404,708		GlaxoSmithKline plc		52,266,232
	830,652		Group 4 Securicor plc		3,561,288
	377,914		Hammerson plc		3,879,518
	125,233		Hargreaves Lansdown plc		2,337,922
	9,476,241		HSBC Holdings plc		85,593,654
	264,604		ICAP plc		2,128,543

289

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	128,690		IMI plc	$	2,129,145
	466,835		Imperial Tobacco Group plc		24,497,895
	218,764		Inmarsat plc		3,029,408
	114,897		InterContinental Hotels Group plc		4,825,934
	394,540	*	International Consolidated Airlines Group S.A.		3,283,073
	79,631		Intertek Group plc		3,043,121
	1,869,384		ITV plc		8,180,007
	647,882	e	J Sainsbury plc		2,676,248
	99,503		Johnson Matthey plc		4,522,608
	1,135,304		Kingfisher plc		6,395,146
	385,194		Land Securities Group plc		7,807,970
	2,880,354		Legal & General Group plc		11,715,037
	436,559		Liberty International plc		2,245,282
	28,287,970		Lloyds TSB Group plc		36,836,852
	149,513		London Stock Exchange Group plc		6,081,869
	802,169		Marks & Spencer Group plc		6,808,699
	381,059		Meggitt plc		2,761,249
	479,722		Melrose Industries plc		2,069,639
	369,276	g	Merlin Entertainments plc		2,391,688
	1,837,397		National Grid plc		24,453,427
	472,280	*	New Carphone Warehouse plc		3,360,702
	71,759		Next plc		8,951,914
	2,391,393		Old Mutual plc		7,908,797
	401,141		Pearson plc		7,527,915
	154,369		Persimmon plc		4,925,929
	125,174		Petrofac Ltd		1,714,592
	1,253,511		Prudential plc		29,489,385
	318,975		Reckitt Benckiser Group plc		30,589,127
	511,624	*	Reed Elsevier NV		8,514,984
	574,608		Reed Elsevier plc		10,020,551
	337,854		Rexam plc		2,932,467
	212,626		Rio Tinto Ltd		8,168,494
	621,501		Rio Tinto plc		24,040,346
	923,790		Rolls-Royce Group plc		11,432,583
	1,236,548	*	Royal Bank of Scotland Group plc		6,595,096
	385,711		Royal Mail plc		3,038,647
	549,217		RSA Insurance Group plc		4,408,502
	482,365	*	SABMiller plc		25,295,484
	521,538		Sage Group plc		4,238,598
	58,833		Schroders plc		2,898,731
	480,405		Scottish & Southern Energy plc		11,365,907
	358,113		Segro plc		2,509,903
	120,316		Severn Trent plc		4,136,521
	500,801	*	Sky plc		8,902,876
	436,471		Smith & Nephew plc		8,112,097
	192,655		Smiths Group plc		3,390,254
	138,179	*	Sports Direct International plc		1,706,515
	1,204,754		Standard Chartered plc		18,421,302
	959,593		Standard Life plc		6,795,597
	138,668	*,e	Subsea 7 S.A.		1,214,916
	244,091		Tate & Lyle plc		2,077,458
	1,699,129		Taylor Wimpey plc		5,149,808

290

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	RATE			MATURITY DATE	VALUE
	3,963,538	*	Tesco plc					$	13,329,135
	119,801		Travis Perkins plc						4,200,674
	472,986	*	Tullow Oil plc						1,808,592
	807,881		Unilever NV						36,191,673
	637,884		Unilever plc						28,934,424
	338,377		United Utilities Group plc						4,707,005
	13,110,050		Vodafone Group plc						49,660,824
	105,861		Weir Group plc						2,541,765
	88,461		Whitbread plc						7,162,129
	427,955		William Hill plc						2,703,837
	1,068,458	e	WM Morrison Supermarkets plc						3,040,525
	126,205		Wolseley plc						8,379,516
	640,839		WPP plc						14,723,790
			TOTAL UNITED KINGDOM						1,205,647,039
UNITED STATES - 1.3%
	89,104		Carnival plc						4,938,843
	1,133,901	d	iShares MSCI EAFE Index Fund						73,454,107
	107,677	*	Qiagen NV						3,021,255
	187,263	*,e	Transocean Ltd						2,542,259
			TOTAL UNITED STATES						83,956,464
			TOTAL COMMON STOCKS						6,598,523,808
			(Cost $5,783,728,867)
RIGHTS / WARRANTS - 0.0%
AUSTRALIA - 0.0%
	989,098	m	BGP Holdings plc						0
			TOTAL AUSTRALIA						0
			TOTAL RIGHTS / WARRANTS						0
			(Cost $0)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 2.7%
GOVERNMENT AGENCY DEBT - 0.2%
$	15,000,000	d	Federal Home Loan Bank (FHLB)		0.060	%	09/21/15		14,998,980
			TOTAL GOVERNMENT AGENCY DEBT						14,998,980
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.5%
	162,773,204	a,c	TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust						162,773,204
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						162,773,204
			TOTAL SHORT-TERM INVESTMENTS						177,772,184
			(Cost $177,771,929)
			TOTAL INVESTMENTS - 102.0%						6,776,295,992
			(Cost $5,961,500,796)
			OTHER ASSETS & LIABILITIES, NET - (2.0)%						(134,728,550	)
			NET ASSETS - 100.0%					$	6,641,567,442

291

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 by the custodian 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 $153,742,239.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 7/31/15, the aggregate value of these securities amounted to $2,391,688 or 0.0% of net assets.
m	Indicates a security that has been deemed illiquid.

292

TIAA-CREF FUNDS - International Equity Index Fund

TIAA-CREF FUNDS
INTERNATIONAL EQUITY INDEX FUND
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
July 31, 2015
				% OF
SECTOR	VALUE			NET ASSETS
FINANCIALS	$	1,783,404,133			26.8	%
CONSUMER DISCRETIONARY		853,374,626			12.8
INDUSTRIALS		814,216,601			12.3
HEALTH CARE		766,598,161			11.5
CONSUMER STAPLES		735,630,597			11.1
MATERIALS		458,019,472			6.9
ENERGY		326,622,191			4.9
TELECOMMUNICATION SERVICES		322,794,398			4.9
INFORMATION TECHNOLOGY		298,926,403			4.5
UTILITIES		238,937,226			3.6
SHORT-TERM INVESTMENTS		177,772,184			2.7
OTHER ASSETS & LIABILITIES, NET		(134,728,550	)		(2.0	)
NET ASSETS	$	6,641,567,442			100.0	%

293

TIAA-CREF FUNDS - Emerging Markets Debt Fund

TIAA-CREF FUNDS
EMERGING MARKETS DEBT FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2015

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
BONDS - 98.0%
CORPORATE BONDS - 47.4%
BRAZIL - 3.9%
$	1,000,000		Fibria Overseas Finance Ltd		5.250	%	05/12/24	$	1,006,250
	1,800,000	g	Klabin Finance S.A.		5.250		07/16/24		1,738,350
	2,000,000	g	Odebrecht Finance Ltd		4.375		04/25/25		1,400,000
	189,580	g	Odebrecht Offshore Drilling Finance Ltd		6.625		10/01/22		120,384
	335,472	g	Odebrecht Offshore Drilling Finance Ltd		6.750		10/01/22		216,379
BRL	2,305,000	g	Oi S.A.		9.750		09/15/16		605,879
$	1,100,000	g	Oi S.A.		5.750		02/10/22		871,420
	1,200,000	g	QGOG Constellation S.A.		6.250		11/09/19		726,000
	1,100,000	g	Samarco Mineracao S.A.		5.375		09/26/24		1,038,125
	1,000,000	g	Tupy Overseas S.A.		6.625		07/17/24		960,000
			TOTAL BRAZIL						8,682,787
CHILE - 2.9%
	1,000,000	g	AES Gener S.A.		5.000		07/14/25		1,019,445
	700,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.000		07/17/22		666,573
	1,000,000	g	Corp Nacional del Cobre de Chile-CODELCO		4.875		11/04/44		948,746
	1,300,000	g	Empresa Electrica Angamos S.A.		4.875		05/25/29		1,280,500
	1,000,000	g	ENTEL Chile S.A.		4.750		08/01/26		988,316
	1,500,000	g	Latam Airlines Group S.A.		7.250		06/09/20		1,531,332
			TOTAL CHILE						6,434,912
CHINA - 2.8%
	2,000,000		Baidu, Inc		3.000		06/30/20		1,987,948
	2,100,000		ENN Energy Holdings Ltd		3.250		10/23/19		2,064,094
	1,500,000	g	Golden Eagle Retail Group Ltd		4.625		05/21/23		1,261,569
	1,100,000	g	Semiconductor Manufacturing International Corp		4.125		10/07/19		1,105,621
			TOTAL CHINA						6,419,232
COLOMBIA - 2.8%
	1,940,000		Bancolombia S.A.		5.950		06/03/21		2,107,228
	500,000		Ecopetrol S.A.		4.125		01/16/25		458,750
	1,100,000		Ecopetrol S.A.		5.375		06/26/26		1,067,275
	800,000		Ecopetrol S.A.		5.875		05/28/45		697,984
	300,000	g	Pacific Rubiales Energy Corp		5.375		01/26/19		213,000
	1,100,000	g	Pacific Rubiales Energy Corp		5.625		01/19/25		695,420
	1,200,000	g	SUAM Finance BV		4.875		04/17/24		1,231,500
			TOTAL COLOMBIA						6,471,157

294

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
GUATEMALA - 0.6%
$	1,300,000	g	Comcel Trust		6.875	%	02/06/24	$	1,378,390
			TOTAL GUATEMALA						1,378,390
INDIA - 3.7%
	1,275,000	g	Adani Ports & Special Economic Zone Ltd		3.500		07/29/20		1,270,193
	1,000,000	g	Bharti Airtel International Netherlands BV		5.125		03/11/23		1,067,770
	1,500,000	g	Bharti Airtel Ltd		4.375		06/10/25		1,517,629
	700,000		NTPC Ltd		4.750		10/03/22		736,117
	800,000		NTPC Ltd		5.625		07/14/21		878,970
	1,300,000	g	Reliance Holdings USA		5.400		02/14/22		1,415,495
	1,350,000	g	Reliance Industries Ltd		4.125		01/28/25		1,346,798
			TOTAL INDIA						8,232,972
INDONESIA - 1.9%
	2,100,000	g	Indo Energy Finance II BV		6.375		01/24/23		1,270,500
	1,000,000	g	Pelabuhan Indonesia II PT		4.250		05/05/25		940,000
	1,130,000	g	Pertamina Persero PT		4.300		05/20/23		1,087,851
	1,000,000	g	Pertamina Persero PT		6.500		05/27/41		986,200
			TOTAL INDONESIA						4,284,551
ISRAEL - 0.9%
	2,000,000	g	Israel Electric Corp Ltd		5.000		11/12/24		2,068,836
			TOTAL ISRAEL						2,068,836
KAZAKHSTAN - 1.7%
	400,000	g	Kazakhstan Temir Zholy Finance BV		6.375		10/06/20		415,400
	750,000	g	KazMunayGas National Co JSC		4.875		05/07/25		675,750
	1,800,000	g	KazMunayGas National Co JSC		5.750		04/30/43		1,422,216
	1,700,000	g	KazMunayGas National Co JSC		6.000		11/07/44		1,369,962
			TOTAL KAZAKHSTAN						3,883,328
LUXEMBOURG - 0.5%
	1,150,000	g	Millicom International Cellular S.A.		6.000		03/15/25		1,135,625
			TOTAL LUXEMBOURG						1,135,625
MALAYSIA - 0.7%
	2,000,000		1MDB Global Investments Ltd		4.400		03/09/23		1,694,408
			TOTAL MALAYSIA						1,694,408
MEXICO - 6.4%
MXN	25,450,000		America Movil SAB de C.V.		6.450		12/05/22		1,531,344
$	1,050,000	g	Banco Santander Mexico S.A.		4.125		11/09/22		1,055,250
	1,150,000	g	BBVA Bancomer S.A.		6.750		09/30/22		1,291,450
	1,300,000	g	BBVA Bancomer S.A.		5.350		11/12/29		1,313,000
	1,400,000	g	Cemex Finance LLC		6.000		04/01/24		1,407,210
	575,000	g	Cemex SAB de C.V.		6.125		05/05/25		572,844
	1,300,000		Fomento Economico Mexicano SAB de C.V.		2.875		05/10/23		1,227,720
	1,275,000	g	Mexichem SAB de C.V.		5.875		09/17/44		1,190,531

295

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	750,000		Pemex Project Funding Master Trust		6.625	%	06/15/35	$	802,500
	400,000	g	Petroleos Mexicanos		4.250		01/15/25		389,600
	1,325,000	g	Petroleos Mexicanos		4.500		01/23/26		1,299,162
	1,400,000	g	Sixsigma Networks Mexico S.A. de C.V.		8.250		11/07/21		1,443,400
	1,050,000	g	Trust F		5.250		12/15/24		1,099,560
			TOTAL MEXICO						14,623,571
MOROCCO - 1.5%
	1,100,000	g	OCP S.A.		5.625		04/25/24		1,152,145
	1,100,000	g	OCP S.A.		4.500		10/22/25		1,054,625
	1,200,000	g	OCP S.A.		6.875		04/25/44		1,255,344
			TOTAL MOROCCO						3,462,114
NIGERIA - 0.5%
	1,200,000	g	Zenith Bank plc		6.250		04/22/19		1,138,560
			TOTAL NIGERIA						1,138,560
PANAMA - 1.0%
	2,200,000	g	AES Panama SRL		6.000		06/25/22		2,222,550
			TOTAL PANAMA						2,222,550
PERU - 3.2%
	1,250,000	g	Banco de Credito del Peru		4.250		04/01/23		1,275,000
	1,000,000	g	BBVA Banco Continental S.A.		5.250		09/22/29		1,010,000
	2,000,000	g	Corp Lindley S.A.		4.625		04/12/23		1,942,500
	1,500,000	g	Transportadora de Gas del Peru S.A.		4.250		04/30/28		1,470,000
	1,750,000	g	Union Andina de Cementos SAA		5.875		10/30/21		1,789,375
			TOTAL PERU						7,486,875
POLAND - 0.6%
	1,300,000	g	PKO Finance AB		4.630		09/26/22		1,342,315
			TOTAL POLAND						1,342,315
RUSSIA - 2.2%
	1,700,000	g	EDC Finance Ltd		4.875		04/17/20		1,513,000
	1,450,000	g	Lukoil International Finance BV		3.416		04/24/18		1,394,297
	600,000	g	Vimpelcom Holdings		7.504		03/01/22		604,500
	1,800,000	g	VimpelCom Holdings BV		5.950		02/13/23		1,651,212
			TOTAL RUSSIA						5,163,009
SOUTH AFRICA - 3.9%
	1,100,000		AngloGold Ashanti Holdings plc		5.375		04/15/20		1,017,500
	1,100,000		AngloGold Ashanti Holdings plc		8.500		07/30/20		1,125,133
	3,100,000	g	Eskom Holdings SOC Ltd		5.750		01/26/21		3,011,960
	1,750,000	g	Eskom Holdings SOC Ltd		7.125		02/11/25		1,768,550
	1,212,000	g	Myriad International Holdings BV		5.500		07/21/25		1,230,180
	1,000,000	g	Transnet SOC Ltd		4.000		07/26/22		955,656
			TOTAL SOUTH AFRICA						9,108,979

296

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SRI LANKA - 0.8%
$	1,800,000	g	National Savings Bank		5.150	%	09/10/19	$	1,748,160
			TOTAL SRI LANKA						1,748,160
TRINIDAD AND TOBAGO - 0.4%
	889,583	g	Petroleum Co of Trinidad & Tobago Ltd		6.000		05/08/22		887,359
			TOTAL TRINIDAD AND TOBAGO						887,359
TURKEY - 3.0%
	1,500,000	g	Akbank TAS		4.000		01/24/20		1,461,000
	1,500,000	g	Akbank TAS		5.125		03/31/25		1,423,125
	1,200,000	g	Anadolu Efes Biracilik Ve Malt Sanayii AS.		3.375		11/01/22		1,054,200
	1,200,000	g	Arcelik AS.		5.000		04/03/23		1,132,104
	800,000	g	Turkiye Garanti Bankasi AS.		4.750		10/17/19		810,200
	1,200,000	g	Turkiye Vakiflar Bankasi Tao		6.875		02/03/25		1,165,236
			TOTAL TURKEY						7,045,865
UNITED KINGDOM - 0.5%
	1,200,000	g	Sable International Finance Ltd		6.875		08/01/22		1,201,500
			TOTAL UNITED KINGDOM						1,201,500
UNITED STATES - 0.3%
	900,000		Freeport-McMoRan, Inc		4.550		11/14/24		760,500
			TOTAL UNITED STATES						760,500
VENEZUELA - 0.7%
	1,170,000	g	Petroleos de Venezuela S.A.		8.500		11/02/17		797,355
	3,175,000		Petroleos de Venezuela S.A.		5.375		04/12/27		1,024,096
			TOTAL VENEZUELA						1,821,451
			TOTAL CORPORATE BONDS						108,699,006
			(Cost $112,330,267)
GOVERNMENT BONDS - 50.6%
ANGOLA - 0.9%
	2,000,000		Republic of Angola Via Northern Lights III BV		7.000		08/16/19		1,974,400
			TOTAL ANGOLA						1,974,400
ARGENTINA - 0.5%
	1,100,000	g	Provincia de Buenos Aires		9.950		06/09/21		1,086,250
			TOTAL ARGENTINA						1,086,250
BARBADOS - 0.4%
	450,000	g	Barbados Government International Bond		6.625		12/05/35		410,625
	460,000		Barbados Government International Bond		6.625		12/05/35		419,750
			TOTAL BARBADOS						830,375

297

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
BRAZIL - 3.9%
$	1,746,297	g	Brazil Loan Trust		5.477	%	07/24/23	$	1,711,371
	1,400,000	g	Brazil Minas SPE via State of Minas Gerais		5.333		02/15/28		1,302,000
BRL	4,200,000		Brazil Notas do Tesouro Nacional Serie F		10.000		01/01/21		1,100,079
$	3,245,000		Brazilian Government International Bond		4.250		01/07/25		3,061,657
	2,075,000		Brazilian Government International Bond		5.000		01/27/45		1,735,738
			TOTAL BRAZIL						8,910,845
COLOMBIA - 0.8%
	1,750,000		Colombia Government International Bond		4.000		02/26/24		1,743,000
			TOTAL COLOMBIA						1,743,000
COSTA RICA - 1.0%
	2,500,000	g	Costa Rica Government International Bond		7.158		03/12/45		2,403,125
			TOTAL COSTA RICA						2,403,125
CROATIA - 2.6%
	775,000	g	Croatia Government International Bond		6.250		04/27/17		818,477
	1,915,000	g	Croatia Government International Bond		6.375		03/24/21		2,061,019
	2,875,000	g	Croatia Government International Bond		5.500		04/04/23		2,955,512
			TOTAL CROATIA						5,835,008
DOMINICAN REPUBLIC - 2.2%
DOP	15,000,000	g	Dominican Republic Central Bank Notes		10.000		02/24/17		336,253
	49,250,000	g	Dominican Republic International Bond		14.000		05/12/17		1,173,969
$	1,250,000	g	Dominican Republic International Bond		5.500		01/27/25		1,256,250
	2,000,000	g	Dominican Republic International Bond		8.625		04/20/27		2,400,000
			TOTAL DOMINICAN REPUBLIC						5,166,472
ECUADOR - 0.9%
	2,200,000	g	Ecuador Government International Bond		10.500		03/24/20		2,101,000
			TOTAL ECUADOR						2,101,000
EGYPT - 1.7%
	1,625,000	g	Egypt Government International Bond		5.875		06/11/25		1,590,875
EGP	17,500,000	j	Egypt Treasury Bills		0.000		10/20/15		2,183,776
			TOTAL EGYPT						3,774,651
EL SALVADOR - 1.0%
$	2,300,000	g	El Salvador Government International Bond		7.650		06/15/35		2,297,125
			TOTAL EL SALVADOR						2,297,125
GABON - 0.5%
	1,275,000	g	Gabonese Republic		6.950		06/16/25		1,230,299
			TOTAL GABON						1,230,299
GHANA - 0.9%
	2,200,000	g	Republic of Ghana		8.125		01/18/26		2,038,850
			TOTAL GHANA						2,038,850

298

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
GREECE - 0.3%
EUR	958,000	g	Hellenic Republic Government Bond		4.750	%	04/17/19	$	707,143
			TOTAL GREECE						707,143
GUATEMALA - 1.0%
$	925,000	g	Guatemala Government Bond		5.750		06/06/22		987,437
	1,325,000	g	Guatemala Government Bond		4.875		02/13/28		1,301,813
			TOTAL GUATEMALA						2,289,250
HUNGARY - 2.6%
	3,300,000		Hungary Government International Bond		5.750		11/22/23		3,681,480
	1,635,000		Hungary Government International Bond		7.625		03/29/41		2,196,426
			TOTAL HUNGARY						5,877,906
INDONESIA - 2.9%
	1,855,000	g	Indonesia Government International Bond		3.375		04/15/23		1,759,931
	3,100,000	g	Indonesia Government International Bond		5.125		01/15/45		2,983,750
IDR	2,600,000,000		Indonesia Treasury Bond		5.250		05/15/18		178,747
	12,100,000,000		Indonesia Treasury Bond		7.875		04/15/19		885,529
	9,350,000,000		Indonesia Treasury Bond		8.375		03/15/24		680,817
			TOTAL INDONESIA						6,488,774
ISRAEL - 0.7%
$	1,500,000		Israel Government International Bond		4.500		01/30/43		1,509,150
			TOTAL ISRAEL						1,509,150
JAMAICA - 0.9%
	2,100,000		Jamaica Government International Bond		7.875		07/28/45		2,084,250
			TOTAL JAMAICA						2,084,250
KAZAKHSTAN - 1.3%
	2,000,000	g	Kazakhstan Government International Bond		5.125		07/21/25		1,979,240
	1,000,000	g	Kazakhstan Government International Bond		6.500		07/21/45		993,500
			TOTAL KAZAKHSTAN						2,972,740
KENYA - 0.1%
	257,000	g	Kenya Government International Bond		5.875		06/24/19		258,619
			TOTAL KENYA						258,619
MALAYSIA - 0.6%
MYR	5,500,000		Malaysia Government Bond		3.889		07/31/20		1,443,685
			TOTAL MALAYSIA						1,443,685
MEXICO - 0.9%
MXN	32,540,000		Mexican Bonos		6.500		06/09/22		2,097,101
			TOTAL MEXICO						2,097,101
MOROCCO - 0.8%
$	1,750,000	g	Morocco Government International Bond		4.250		12/11/22		1,779,750
			TOTAL MOROCCO						1,779,750

299

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
NIGERIA - 0.4%
$	945,000	g	Nigeria Government International Bond		6.375	%	07/12/23	$	921,564
			TOTAL NIGERIA						921,564
PAKISTAN - 0.5%
	1,100,000	g	Pakistan Government International Bond		7.250		04/15/19		1,145,375
			TOTAL PAKISTAN						1,145,375
PANAMA - 1.4%
	1,050,000		Panama Government International Bond		5.200		01/30/20		1,156,050
	2,000,000		Panama Government International Bond		3.750		03/16/25		1,990,000
			TOTAL PANAMA						3,146,050
PARAGUAY - 0.8%
	500,000	g	Republic of Paraguay		4.625		01/25/23		505,000
	1,400,000	g	Republic of Paraguay		6.100		08/11/44		1,452,500
			TOTAL PARAGUAY						1,957,500
PHILIPPINES - 0.8%
PHP	72,000,000		Philippine Government International Bond		6.250		01/14/36		1,797,835
			TOTAL PHILIPPINES						1,797,835
POLAND - 0.5%
$	1,045,000		Poland Government International Bond		5.000		03/23/22		1,167,317
			TOTAL POLAND						1,167,317
REPUBLIC OF SERBIA - 0.8%
	1,800,000	g	Republic of Serbia		5.250		11/21/17		1,864,710
			TOTAL REPUBLIC OF SERBIA						1,864,710
RUSSIA - 2.4%
	1,100,000	g	Russian Foreign Bond - Eurobond		5.000		04/29/20		1,121,811
	3,370,000	g	Russian Foreign Bond - Eurobond		4.875		09/16/23		3,277,325
	1,071,875	g	Russian Foreign Bond - Eurobond		7.500		03/31/30		1,254,094
			TOTAL RUSSIA						5,653,230
SLOVENIA - 0.7%
	1,475,000	g	Slovenia Government International Bond		5.500		10/26/22		1,655,688
			TOTAL SLOVENIA						1,655,688
SOUTH AFRICA - 2.1%
ZAR	16,000,000		South Africa Government Bond		8.000		12/21/18		1,279,722
$	450,000		South Africa Government International Bond		5.500		03/09/20		489,375
	615,000		South Africa Government International Bond		6.250		03/08/41		703,068
	2,225,000		South Africa Government International Bond		5.375		07/24/44		2,248,630
			TOTAL SOUTH AFRICA						4,720,795

300

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SRI LANKA - 0.5%
$	1,100,000	g	Sri Lanka Government International Bond		6.125	%	06/03/25	$	1,080,750
			TOTAL SRI LANKA						1,080,750
SUPRANATIONAL - 0.8%
IDR	6,700,000,000		European Bank for Reconstruction & Development		7.250		02/08/16		486,922
INR	87,350,000		European Bank for Reconstruction & Development		6.000		03/03/16		1,356,184
			TOTAL SUPRANATIONAL						1,843,106
TUNISIA - 1.4%
$	1,900,000	g	Banque Centrale de Tunisie S.A.		5.750		01/30/25		1,838,250
	1,250,000		Banque Centrale de Tunisie S.A.		8.250		09/19/27		1,440,600
			TOTAL TUNISIA						3,278,850
TURKEY - 4.5%
	800,000		Republic of Turkey		6.000		01/14/41		836,000
TRY	3,117,500		Turkey Government Bond		8.200		11/16/16		1,100,817
	2,905,000		Turkey Government Bond		7.100		03/08/23		915,183
$	1,050,000		Turkey Government International Bond		6.750		04/03/18		1,154,790
	525,000		Turkey Government International Bond		7.500		11/07/19		602,857
	1,360,000		Turkey Government International Bond		5.625		03/30/21		1,457,757
	1,200,000		Turkey Government International Bond		5.125		03/25/22		1,248,694
	710,000		Turkey Government International Bond		8.000		02/14/34		908,800
	1,860,000		Turkey Government International Bond		6.875		03/17/36		2,139,000
			TOTAL TURKEY						10,363,898
URUGUAY - 0.9%
	2,200,000		Uruguay Government International Bond		5.100		06/18/50		2,112,000
			TOTAL URUGUAY						2,112,000
VENEZUELA - 0.7%
	2,230,000		Venezuela Government International Bond		7.750		10/13/19		825,100
	1,400,000		Venezuela Government International Bond		11.750		10/21/26		583,100
	900,000		Venezuela Government International Bond		9.250		05/07/28		332,100
			TOTAL VENEZUELA						1,740,300
VIETNAM - 1.1%
	2,625,000	g	Vietnam Government International Bond		4.800		11/19/24		2,628,281
			TOTAL VIETNAM						2,628,281
ZAMBIA - 0.9%
	1,850,000	g	Republic of Zambia		5.375		09/20/22		1,562,103
	550,000	g	Zambia Government International Bond		8.970		07/30/27		528,000
			TOTAL ZAMBIA						2,090,103

301

TIAA-CREF FUNDS - Emerging Markets Debt Fund

	VALUE
TOTAL GOVERNMENT BONDS	$	116,067,120
(Cost $120,229,946)
TOTAL BONDS		224,766,126
(Cost $232,560,213)
TOTAL INVESTMENTS - 98.0%		224,766,126
(Cost $232,560,213)
OTHER ASSETS & LIABILITIES, NET - 2.0%		4,599,140
NET ASSETS - 100.0%	$	229,365,266

Abbreviation(s):

BRL   Brazil Real

DOP   Dominican Peso

EGP   Egypt Pound

EUR   Euro Dollar

IDR   Indonesia Rupiah

INR   India Rupee

MXN   Mexico Peso

MYR   Malaysia Ringgit

PHP   Philippines Peso

TRY   Turkey Lira

ZAR   South Africa Rand

g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 7/31/2015, the aggregate value of these securities amounted to $149,270,823 or 65.1% of net assets.
j	Zero coupon.

302

TIAA-CREF FUNDS - Emerging Markets Debt Fund

TIAA-CREF FUNDS
EMERGING MARKETS DEBT FUND
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
July 31, 2015

SECTOR	VALUE		% OF NET ASSETS
GOVERNMENT	$	116,067,120		50.6	%
FINANCIALS		23,644,271		10.3
UTILITIES		23,349,358		10.2
MATERIALS		16,723,251		7.3
ENERGY		15,952,345		7.0
TELECOMMUNICATION SERVICES		10,039,570		4.4
INDUSTRIALS		6,699,524		2.9
INFORMATION TECHNOLOGY		5,672,594		2.5
CONSUMER STAPLES		4,224,420		1.8
CONSUMER DISCRETIONARY		2,393,673		1.0
OTHER ASSETS & LIABILITIES, NET		4,599,140		2.0
NET ASSETS	$	229,365,266		100.0	%

303

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.

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 October 31, 2015 annual 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)

304

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

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.

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 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: Prior to January 2, 2015, short-term investments with maturities of 60 days or less were valued at amortized cost. Short-term investments with maturities in excess of 60 days were valued in the same manner as debt securities. Effective January 2, 2015, all short-term investments are valued in the same manner as debt securities. Short-term investments are generally categorized in Level 2 of the fair value hierarchy.

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

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.

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. 

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 July 31, 2015, the Emerging Markets Equity Fund, International Opportunities Fund and Emerging Markets Equity Index Fund had transfers from Level 2 to Level 3 due to the lack of recent market transactions, of $6.0 million, $13.5 million and $0.9 million, respectively.

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

305

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

The following table summarizes the market value of the Funds’ investments as of July 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	$	133,445,498		$	851,762	$	-	$	134,297,260
All other equity investments*		1,754,023,013			-		-		1,754,023,013
Short-term investments		34,965,863			-		-		34,965,863
Written options**		(32,986	)		-		-		(32,986	)
Total	$	1,922,401,388		$	851,762	$	-	$	1,923,253,150
Growth & Income
Equity investments:
Consumer discretionary	$	921,738,781		$	17,038,421	$	-	$	938,777,202
Consumer staples		475,141,482			49,974,760		-		525,116,242
Financials		623,648,261			21,873,703		-		645,521,964
Health care		713,846,693			65,538,495		-		779,385,188
Information technology		1,070,490,439			28,110,234		-		1,098,600,673
Materials		103,193,410			35,735,505		-		138,928,915
All other equity investments*		872,974,022			-		-		872,974,022
Short-term investments		91,961,076			-		-		91,961,076
Purchased options**		3,800			-		-		3,800
Written options**		(1,067,293	)		-		-		(1,067,293	)
Total	$	4,871,930,671		$	218,271,118	$	-	$	5,090,201,789
Large-Cap Growth
Equity investments:
Consumer discretionary	$	750,371,491		$	11,328,564	$	-	$	761,700,055
All other equity investments*		2,493,390,586			-		-		2,493,390,586
Short-term investments		45,416,772			24,799,732		-		70,216,504
Total	$	3,289,178,849		$	36,128,296	$	-	$	3,325,307,145
Large-Cap Value
Equity investments:
Consumer discretionary	$	485,073,437		$	37,766,476	$	-	$	522,839,913
Consumer staples		302,090,891			32,821,331		-		334,912,222
Financials		1,574,195,818			14,952,691		-		1,589,148,509
Health care		634,019,050			48,219,086		-		682,238,136
Industrials		535,634,583			-		7,267		535,641,850
Materials		167,910,626			8,703,990		-		176,614,616
All other equity investments*		1,742,373,028			-		-		1,742,373,028
Short-term investments		167,612,059			18,138,982		-		185,751,041
Total	$	5,608,909,492		$	160,602,556	$	7,267	$	5,769,519,315
Mid-Cap Growth
Equity investments*	$	1,852,709,379		$	-	$	-	$	1,852,709,379
Short-term investments		119,510,834			9,149,982		-		128,660,816
Purchased options**		306,310			-		-		306,310
Written options**		(903,596	)		-		-		(903,596	)
Total	$	1,971,622,927		$	9,149,982	$	-	$	1,980,772,909

306

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

Fund	Level 1			Level 2		Level 3		Total
Mid-Cap Value
Equity investments:
Consumer discretionary	$	528,462,796		$	9,538,568	$	-	$	538,001,364
Energy		529,970,948			11,662,937		-		541,633,885
Financials		1,589,262,511			14,964,917		-		1,604,227,428
Health care		569,757,301			47,761,503		-		617,518,804
All other equity investments*		1,893,434,806			-		-		1,893,434,806
Short-term investments		112,092,718			48,298,559		-		160,391,277
Total	$	5,222,981,080		$	132,226,484	$	-	$	5,355,207,564
Small-Cap Equity
Equity investments*	$	2,971,628,647		$	-	$	-	$	2,971,628,647
Short-term investments		103,818,561			11,774,963		-		115,593,524
Futures**		(126,085	)		-		-		(126,085	)
Total	$	3,075,321,123		$	11,774,963	$	-	$	3,087,096,086
Social Choice Equity
Equity investments*	$	2,761,183,352		$	-	$	-	$	2,761,183,352
Short-term investments		-			54,863,968		-		54,863,968
Total	$	2,761,183,352		$	54,863,968	$	-	$	2,816,047,320
Emerging Markets Equity
Equity investments:
Africa/Middle East	$	-		$	67,310,131	$	-	$	67,310,131
Asia		27,735,668			556,044,636		3,177,166		586,957,470
Europe		5,135,311			33,829,603		-		38,964,914
Latin America		-			124,982,791		-		124,982,791
All other equity investments*		16,520,290			102,191,593		-		118,711,883
Corporate bonds		-			-		520,944		520,944
Short-term investments		41,434,561			-		-		41,434,561
Total	$	90,825,830		$	884,358,754	$	3,698,110	$	978,882,694
Enhanced International Equity Index
Equity investments:
Asia	$	-		$	321,400,074	$	-	$	321,400,074
Australasia		-			92,153,128		-		92,153,128
Europe		15,661,096			675,332,805		-		690,993,901
All other equity investments*		2,601,260			144,397,202		-		146,998,462
Short-term investments		34,401,825			-		-		34,401,825
Futures**		44,290			-		-		44,290
Total	$	52,708,471		$	1,233,283,209	$	-	$	1,285,991,680
Global Natural Resources
Equity investments:
Africa/Middle East	$	-		$	6,806,201	$	-	$	6,806,201
Asia		-			11,014,259		-		11,014,259
Australasia		-			19,203,811		-		19,203,811
Europe		3,850,439			48,293,517		-		52,143,956
North America		84,190,188			21,748,695		-		105,938,883
All other equity investments*		4,874,664			40,190,862		-		45,065,526
Short-term investments		19,757,304			-		-		19,757,304
Total	$	112,672,595		$	147,257,345	$	-	$	259,929,940

307

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

Fund	Level 1		Level 2		Level 3		Total
International Equity
Equity investments:
Asia	$	-	$	1,107,215,366	$	-	$	1,107,215,366
Europe		-		2,937,567,511		-		2,937,567,511
All other equity investments*		-		47,945,727		-		47,945,727
Short-term investments		86,925,314		67,885,790		-		154,811,104
Total	$	86,925,314	$	4,160,614,394	$	-	$	4,247,539,708
International Opportunities
Equity investments:
Asia	$	-	$	363,264,828	$	13,490,498	$	376,755,326
Australasia		-		24,881,236		-		24,881,236
Europe		-		505,379,527		1,561		505,381,088
North America		24,325,303		99,438,186		-		123,763,489
All other equity investments*		-		109,864,511		-		109,864,511
Short-term investments		35,682,041		19,999,960		-		55,682,001
Total	$	60,007,344	$	1,122,828,248	$	13,492,059	$	1,196,327,651
Equity Index
Equity investments:
Health care	$	1,541,002,707	$	-	$	31,697	$	1,541,034,404
Telecommunications		213,311,856		-		49,856		213,361,712
All other equity investments*		8,310,034,229		-		-		8,310,034,229
Short-term investments		308,432,118		14,689,764		-		323,121,882
Futures**		120,832		-		-		120,832
Total	$	10,372,901,742	$	14,689,764	$	81,553	$	10,387,673,059
Large-Cap Growth Index
Equity investments*	$	2,529,984,115	$	-	$	-	$	2,529,984,115
Short-term investments		44,392,916		6,999,986		-		51,392,902
Futures**		89,862		-		-		89,862
Total	$	2,574,466,893	$	6,999,986	$	-	$	2,581,466,879
Small-Cap Blend Index
Equity Investments:
Health care	$	309,391,610	$	-	$	82,553	$	309,474,163
Telecommunications		15,282,413		-		139,956		15,422,369
All other equity investments*		1,501,130,477		-		-		1,501,130,477
Short-term investments		255,786,864		-		-		255,786,864
Total	$	2,081,591,364	$	-	$	222,509	$	2,081,813,873
Emerging Markets Equity Index
Equity Investments:
Africa/Middle East	$	-	$	84,759,144	$	262	$	84,759,406
Asia		-		676,780,035		666,708		677,446,743
Europe		1,403,249		38,535,303		-		39,938,552
Latin America		-		125,380,681		-		125,380,681
North America		63,812,742		-		-		63,812,742
All other equity investments*		4,108,842		126,752,860		217,751		131,079,453
Corporate bonds		-		88,479		-		88,479
Short-term investments		91,485,942		-		-		91,485,942
Total	$	160,810,775	$	1,052,296,502	$	884,721	$	1,213,991,998

308

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

Fund	Level 1		Level 2		Level 3		Total
International Equity Index
Equity Investments:
Asia	$	-	$	1,678,684,042	$	-	$	1,678,684,042
Australasia		-		444,363,591		-		444,363,591
Europe		-		3,751,812,596		-		3,751,812,596
All other equity investments*		74,108,350		649,555,229		-		723,663,579
Short-term investments		162,773,204		14,998,980		-		177,772,184
Futures**		68,953		-		-		68,953
Total	$	236,950,507	$	6,539,414,438	$	-	$	6,776,364,945

*	For detailed categories, see the accompanying schedule of investments.
**	Derivative instruments, excluding purchased options, are not reflected in the schedule of investments.

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining value:

	Investments in securities
Emerging Markets Equity Fund
Balance as of October 31, 2014	$	709,422
Change in unrealized appreciation/depreciation		(2,037,921	)
Sales proceeds		(8,052	)
Gain/loss		(988,860	)
Transfers into Level 3		6,023,521
Balance as of July 31, 2015	$	3,698,110
International Opportunites Fund
Balance as of October 31, 2014	$	1,781
Change in unrealized appreciation/depreciation		(220	)
Transfers into Level 3		13,490,498
Balance as of July 31, 2015	$	13,492,059
Emerging Markets Equity Index Fund
Balance as of October 31, 2014	$	208,344
Change in unrealized appreciation/depreciation		(51	)
Transfers into Level 3		883,786
Transfers out of Level 3		(207,358	)
Balance as of July 31, 2015	$	884,721

The following table summarizes the significant unobservable inputs used to value Level 3 investments as of July 31, 2015:

Fund	Fair value at 7/31/2015		Valuation technique	Unobservable input	Range (average)
Emerging Markets Equity
Investments in securities			Recent market
Common stocks	$	3,698,110	transactiona	Discount	2% - 50% (41%)
International Opportunites
Investments in securities			Recent market
Common stocks		13,492,059	transactionaab	-	-
Emerging Markets Equity Index
Investments in securities			Recent market
Common stocks		884,721	transactiona	Discount	0% - 25% (6%)

a	Recent market transaction refers to the most recent known market transaction. Discount or premium may increase or decrease based on overall market conditions.
b	No quantitative unobservable inputs were significant to the fair value determination.

Level 3 valuation process: The TIAA-CREF Investment Management, LLC and Teachers Advisors, Inc. Fair Value Pricing Committee (“Pricing Committee”) operates under the direction of the Board. The Pricing Committee values investments for which market quotations are not readily available or reliable. The Pricing Committee employs various methods to determine fair valuations including a regular review of key inputs and assumptions and review of any related market activity. The Pricing Committee reports to the Board at the Board’s regularly scheduled meetings. It is possible that fair value prices will be used by the Funds to a significant extent. The value determined for an investment using fair valuation procedures may differ from recent market transactions and may be significantly different from the value realized upon the sale of such investment.

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.

309

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

At July 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		48	$	5,928,960	September 2015	$	(126,085	)
Enhanced International Equity Index	MSCI EAFE Mini Index		40		3,744,000	September 2015		44,290
Equity Index	S&P 500 E Mini Index		102		10,701,840	September 2015		120,832
Large-Cap Growth Index	S&P 500 E Mini Index		88		9,232,960	September 2015		89,862
Large-Cap Value Index	S&P 500 E Mini Index		128		13,429,760	September 2015		86,385
S&P 500 Index	S&P 500 E Mini Index		32		3,357,440	September 2015		37,810
International Equity Index	MSCI EAFE Mini Index		264		24,710,400	September 2015		68,953

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 andcash 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.

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

	Number of contracts		Value
Growth & Income Fund
Delphi Automotive plc, Call, 8/21/15 at $82.50		100	$	2,500
Expedia, Inc, Put, 8/7/15 at $104		260		1,300
Total		360	$	3,800
Mid-Cap Growth Fund
Expedia, Inc, Put, 7/31/15 at $104		600	$	1,800
Fortinet, Inc, Put, 8/21/15 at $40		2,000		10,000
Palo Alto Networks, Inc, Call, 8/21/15 at $192.50		450		141,300
Proofpoint, Inc, Put, 8/21/15 at $65		600		150,000
Twitter, Inc, Call, 7/31/15 at $36		3,210		3,210
Total		6,860	$	306,310

Written options outstanding as of July 31, 2015 were as follows:

	Number of contracts		Value
Enhanced Large-Cap Value Index Fund
Avago Technologies Ltd, Put, 8/21/15 at $115		35	$	(3,640	)
Biogen, Inc, Put, 7/31/15 at $295		13		(65	)
Biogen, Inc, Put, 7/31/15 at $300		8		(40	)
Biogen, Inc, Put, 7/31/15 at $310		23		(138	)
CF Industries Holdings, Inc, Put, 7/31/15 at $58		33		(495	)
Cummins, Inc, Put, 7/31/15 at $117		26		(130	)
Devon Energy Corp, Put, 8/7/15 at $49		45		(3,735	)
EOG Resources, Inc, Call, 7/31/15 at $79.50		20		(80	)
Gilead Sciences, Inc, Put, 7/31/15 at $104		41		(41	)
GoPro, Inc, Call, 7/31/15 at $68		50		(100	)
Harman International Industries, Call, 8/21/15 at $120		35		(4,620	)
Harman International Industries, Put, 8/21/15 at $90		20		(1,200	)
Lam Research Corp, Put, 8/21/15 at $75		22		(2,970	)
Lazard Ltd, Put, 8/21/15 at $55		20		(2,250	)
Nabors Industries Ltd, Put, 8/21/15 at $12		50		(3,900	)
Perrigo Co, Call, 8/21/15 at $210		65		(7,150	)
SVB Financial Group, Put, 8/21/15 at $135		20		(1,550	)
Tesoro Corp, Put, 7/31/15 at $95.50		14		(882	)
Total		540	$	(32,986	)

310

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

	Number of contracts		Value
Growth & Income Fund
Allergan Plc, Call, 8/07/15 at $345		90	$	(14,400	)
Allergan Plc, Put, 7/31/15 at $330		108		(7,128	)
Alliance Data Systems Corp, Put, 8/21/15 at $270		100		(40,500	)
Amgen, Inc, Call, 8/07/15 at $180		130		(14,300	)
Analog Devices, Inc, Put, 8/21/15 at $52.50		260		(9,880	)
Apple, Inc, Put, 8/07/15 at $119		400		(33,200	)
Biogen, Inc, Call, 8/14/15 at $325		400		(200,000	)
Biogen, Inc, Put, 8/21/15 at $310		400		(232,000	)
Cigna Corp, Put, 8/21/15 at $140		400		(43,200	)
Delphi Automotive Plc, Put, 8/21/15 at $70		200		(10,000	)
Diplomat Pharmacy, Inc, Call, 8/21/15 at $60		260		(3,900	)
Eaton Corp Plc, Put, 8/07/15 at $58		400		(5,000	)
Edwards Lifesciences Corp, Put, 8/21/15 at $135		130		(2,600	)
Edwards Lifesciences Corp, Put, 8/21/15 at $150		100		(21,500	)
Electronic Arts, Inc, Put, 7/31/15 at $68		400		(400	)
Expedia, Inc, Call, 8/07/15 at $121		260		(56,940	)
Expedia, Inc, Put, 8/07/15 at $115		260		(10,400	)
Expedia, Inc, Put, 8/07/15 at $98		260		(34,580	)
Facebook Inc, Call, 8/07/15 at $105		300		(2,400	)
Facebook, Inc, Put, 8/07/15 at $89		300		(4,200	)
Facebook, Inc, Put, 8/14/15 at $87		200		(2,000	)
Fireeye, Inc, Put, 7/31/15 at $43		675		(675	)
Fortinet, Inc, Put, 8/21/15 at $43		130		(1,950	)
Fortinet, Inc, Put, 8/21/15 at $45		540		(17,550	)
Harman International Industries, Put, 8/21/15 at $90		170		(10,200	)
Harman International Industries, Put, 8/21/15 at $95		100		(12,700	)
Illumina, Inc, Put, 7/31/15 at $215		100		(500	)
Intercept Pharmaceuticals, Inc, Call, 8/21/15 at $275		60		(53,700	)
Lazard Ltd, Put, 8/21/15 at $55		400		(45,000	)
LinkedIn Corp, Call, 7/31/15 at $245		100		(100	)
LinkedIn Corp, Call, 7/31/15 at $255		100		(100	)
Mattel Inc, Put, 8/21/15 at $23		800		(32,000	)
Mead Johnson Nutrition Co, Put, 8/21/15 at $80		100		(900	)
Microstrategy, Inc, Call, 8/21/15 at $220		80		(8,600	)
Microstrategy, Inc, Put, 8/21/15 at $165		130		(2,600	)
Mohawk Industries, Inc, Put, 8/21/15 at $175		130		(5,850	)
Mylan NV, Put, 8/07/15 at $54		400		(19,200	)
Netflix, Inc, Put, 7/31/15 at $106		100		(100	)
Netflix, Inc, Put, 8/07/15 at $106		420		(11,340	)
Tableau Software, Inc, Call, 8/07/15 at $114		300		(10,500	)
Tableau Software, Inc, Put, 7/31/15 at $101		200		(1,200	)
Tableau Software, Inc, Put, 8/07/15 at $102		300		(36,000	)
Tesla Motors, Inc, Put, 8/21/15 at $245		100		(48,000	)
Total		10,793	$	(1,067,293	)

311

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

	Number of contracts		Value
Mid-Cap Growth Fund
Expedia, Inc, Put, 7/31/15 at $98		600	$	(2,400	)
Fortinet, Inc, Call, 8/21/15 at $46		2,000		(510,000	)
Fortinet, Inc, Put, 8/21/15 at $37		2,000		(14,000	)
LinkedIn Corp, Call, 7/31/15 at $240		200		(600	)
Palo Alto Networks, Inc, Call, 8/21/15 at $200		900		(129,600	)
Proofpoint, Inc, Call, 8/21/15 at $70		600		(33,000	)
Proofpoint, Inc, Put, 8/21/15 at $60		600		(45,000	)
Tableau Software, Inc, Call, 7/31/15 at $110		568		(3,976	)
The Middleby Corp, Call, 8/21/15 at $125		500		(158,750	)
Twitter, Inc, Call, 7/31/15 at $40		3,210		(3,210	)
Twitter, Inc, Put, 7/31/15 at $31		1,530		(3,060	)
Total		12,708	$	(903,596	)

Note 4 —affiliated investments

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

Issue	Value at October 31, 2014		Purchase  cost		Sales  proceeds		Realized gain(loss)		Dividend  income		Withholding  expense		Shares at July 31, 2015			Value at July 31, 2015
Large-Cap Value Fund
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust	$	262,541,188	$	98,239,397	$	193,168,526	$	-	$	-	$	-		167,612,059		$	167,612,059
Mid-Cap Growth Fund
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust		163,569,035		70,321,091		114,379,293		-		-		-		-	*		-
Small-Cap Equity Fund
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust		234,863,780		49,654,405		180,699,623		-		-		-		-	*		-
Equity Index Fund
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust		278,287,735		84,022,568		53,878,185		-		-		-		308,432,118			308,432,118
Small-Cap Blend Index Fund
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust		286,165,959		82,379,627		112,758,722		-		-		-		255,786,864			255,786,864
International Equity Index Fund
TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust		183,755,836		333,745,384		354,728,016		-		-		-		162,773,204			162,773,204

* Not an affiliate investment as of July 31, 2015.

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.

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

312

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 July 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	$	1,612,395,931	$	407,566,989	$	(26,635,443	)	$	380,931,546
Enhanced Large-Cap Value Index		1,604,914,049		352,330,448		(33,958,361	)		318,372,087
Growth & Income		3,945,440,530		1,210,749,991		(64,921,439	)		1,145,828,552
Large-Cap Growth		2,425,193,042		932,984,935		(32,870,832	)		900,114,103
Large-Cap Value		4,882,628,554		1,073,101,693		(186,210,932	)		886,890,761
Mid-Cap Growth		1,696,547,174		322,052,217		(36,922,886	)		285,129,331
Mid-Cap Value		4,091,234,198		1,448,080,988		(184,107,622	)		1,263,973,366
Small-Cap Equity		2,720,476,265		487,928,263		(121,182,357	)		366,745,906
Social Choice Equity		2,135,997,385		737,423,565		(57,373,630	)		680,049,935
Emerging Markets Equity		951,883,864		91,161,693		(64,162,863	)		26,998,830
Enhanced International Equity Index		1,197,229,797		141,990,212		(53,272,619	)		88,717,593
Global Natural Resources		267,588,821		16,048,459		(23,707,341	)		(7,658,882	)
International Equity		3,852,897,618		527,825,197		(133,183,107	)		394,642,090
International Opportunities		1,037,615,124		224,102,472		(65,389,945	)		158,712,527
Equity Index		6,999,976,797		3,584,683,904		(197,108,474	)		3,387,575,430
Large-Cap Growth Index		1,900,294,099		697,803,225		(16,720,307	)		681,082,918
Large-Cap Value Index		3,072,382,247		446,094,708		(139,313,037	)		306,781,671
S&P 500 Index		2,050,580,655		920,513,855		(69,893,451	)		850,620,404
Small-Cap Blend Index		1,658,306,502		539,906,281		(116,398,910	)		423,507,371
Emerging Markets Equity Index		1,305,681,199		104,314,174		(196,003,375	)		(91,689,201	)
International Equity Index		5,961,500,796		1,283,143,035		(468,347,839	)		814,795,196
Emerging Markets Debt		232,560,213		744,063		(8,538,150	)		(7,794,087	)

313

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: September 14, 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: September 14, 2015	By:	/s/ Robert G. Leary
		Robert G. Leary
		President and Principal Executive Officer (principal executive officer)

Date: September 14, 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