UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

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: March 31

Date of reporting period: December 31, 2015

Item 1. Schedule of Investments.

TIAA-CREF FUNDS - Real Estate Securities Fund

TIAA-CREF FUNDS

REAL ESTATE SECURITIES FUND

SCHEDULE OF INVESTMENTS (unaudited)

December 31, 2015

SHARES			COMPANY	VALUE
COMMON STOCKS - 95.0%
ASSET MANAGEMENT & CUSTODY BANKS - 0.7%
	1,100,000		NorthStar Asset Management Group, Inc	$	13,354,000
			TOTAL ASSET MANAGEMENT & CUSTODY BANKS		13,354,000
DIVERSIFIED CAPITAL MARKETS - 0.3%
	175,000		HFF, Inc (Class A)		5,437,250
			TOTAL DIVERSIFIED CAPITAL MARKETS		5,437,250
DIVERSIFIED REITS - 4.6%
	3,200,000		Gramercy Property Trust		24,704,000
	375,000		iShares Dow Jones US Real Estate Index Fund		28,166,250
	1,250,000		NorthStar Realty Finance Corp		21,287,500
	1,000,000		Spirit Realty Capital, Inc		10,020,000
			TOTAL DIVERSIFIED REITS		84,177,750
HEALTH CARE FACILITIES - 0.3%
	254,706	*	Brookdale Senior Living, Inc		4,701,873
			TOTAL HEALTH CARE FACILITIES		4,701,873
HOTELS, RESORTS & CRUISE LINES - 0.9%
	225,000		Starwood Hotels & Resorts Worldwide, Inc		15,588,000
			TOTAL HOTELS, RESORTS & CRUISE LINES		15,588,000
INDUSTRIAL REITS - 9.1%
	1,900,000		Prologis, Inc		81,548,000
	3,350,000	a	Rexford Industrial Realty, Inc		54,806,000
	1,350,000		Terreno Realty Corp		30,537,000
			TOTAL INDUSTRIAL REITS		166,891,000
MORTGAGE REITS - 0.8%
	750,000		Starwood Property Trust, Inc		15,420,000
			TOTAL MORTGAGE REITS		15,420,000
OFFICE REITS - 10.9%
	550,000		Boston Properties, Inc		70,147,000
	375,000		Hudson Pacific Properties		10,552,500
	500,000		Kilroy Realty Corp		31,640,000
	600,000		NorthStar Realty Europe Corp		7,086,000
	400,000		SL Green Realty Corp		45,192,000
	350,000		Vornado Realty Trust		34,986,000
			TOTAL OFFICE REITS		199,603,500

1

TIAA-CREF FUNDS - Real Estate Securities Fund

SHARES			COMPANY	VALUE
REAL ESTATE OPERATING COMPANIES - 0.8%
	675,000	*	Forest City Enterprises, Inc (Class A)	$	14,802,750
			TOTAL REAL ESTATE OPERATING COMPANIES		14,802,750
REAL ESTATE SERVICES - 1.6%
	725,000		Kennedy-Wilson Holdings, Inc		17,458,000
	400,000	*	Marcus & Millichap, Inc		11,656,000
			TOTAL REAL ESTATE SERVICES		29,114,000
RESIDENTIAL REITS - 19.6%
	750,000		Apartment Investment & Management Co (Class A)		30,022,500
	500,000		AvalonBay Communities, Inc		92,065,000
	575,000		Equity Lifestyle Properties, Inc		38,335,250
	1,250,000		Equity Residential		101,987,500
	265,000		Essex Property Trust, Inc		63,443,650
	850,000		Monogram Residential Trust, Inc		8,296,000
	375,000		Sun Communities, Inc		25,698,750
			TOTAL RESIDENTIAL REITS		359,848,650
RETAIL REITS - 20.3%
	1,500,000		DDR Corp		25,260,000
	900,000		Equity One, Inc		24,435,000
	375,000		Federal Realty Investment Trust		54,787,500
	2,050,000		General Growth Properties, Inc		55,780,500
	750,000		Retail Opportunities Investment Corp		13,425,000
	860,000		Simon Property Group, Inc		167,218,400
	400,000		Taubman Centers, Inc		30,688,000
			TOTAL RETAIL REITS		371,594,400
SPECIALIZED REITS - 25.1%
	675,000		American Tower Corp		65,441,250
	400,000		Crown Castle International Corp		34,580,000
	1,150,000		CubeSmart		35,213,000
	120,000		Equinix, Inc		36,288,000
	450,000		Extra Space Storage, Inc		39,694,500
	750,000		Healthcare Trust of America, Inc		20,227,500
	1,800,000		Host Marriott Corp		27,612,000
	250,000		Plum Creek Timber Co, Inc		11,930,000
	300,000		Public Storage, Inc		74,310,000
	1,600,000		Sunstone Hotel Investors, Inc		19,984,000
	450,000		Ventas, Inc		25,393,500
	900,000		Welltower, Inc		61,227,000
	300,000		Weyerhaeuser Co		8,994,000
			TOTAL SPECIALIZED REITS		460,894,750
			TOTAL COMMON STOCKS		1,741,427,923
			(Cost $1,329,882,465)

2

TIAA-CREF FUNDS - Real Estate Securities Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 4.1%
GOVERNMENT AGENCY DEBT - 4.1%
$	15,000,000	Federal Home Loan Bank (FHLB)		0.100	%	01/20/16	$	14,998,995
	25,000,000	FHLB		0.125		01/15/16		24,998,850
	35,000,000	Fannie Discount Note		0.230		01/04/16		35,000,000
								74,997,845
		TOTAL SHORT-TERM INVESTMENTS						74,997,845
		(Cost $74,997,322)
		TOTAL INVESTMENTS - 99.1%						1,816,425,768
		(Cost $1,404,879,787)
		OTHER ASSETS & LIABILITIES, NET - 0.9%						15,717,037
		NET ASSETS - 100.0%					$	1,832,142,805

	Abbreviation(s):
REIT	Real Estate Investment Trust
*	Non-income producing
a	Affiliated holding

3

TIAA-CREF FUNDS - Bond Fund

TIAA-CREF FUNDS

BOND FUND

SCHEDULE OF INVESTMENTS (unaudited)

December 31, 2015

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
BANK LOAN OBLIGATIONS - 1.2%
AUTOMOBILES & COMPONENTS - 0.1%
$	445,500	i	Dealer Tire LLC		5.500	%	12/22/21	$	444,943
	1,728,125	i	Gates Global LLC		4.250		07/05/21		1,617,024
			TOTAL AUTOMOBILES & COMPONENTS						2,061,967
CAPITAL GOODS - 0.0%
	249,375	i	CHI Overhead Doors, Inc		4.750		07/31/22		244,233
	300,000	i	Plaze, Inc		5.250		07/31/22		297,000
			TOTAL CAPITAL GOODS						541,233
COMMERCIAL & PROFESSIONAL SERVICES - 0.0%
	729,488	i	Creative Artists Agency LLC		5.500		12/17/21		725,840
	200,000	h,i	Staples, Inc		3.500		04/24/21		197,416
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						923,256
CONSUMER DURABLES & APPAREL - 0.0%
	824,185	i	Otter Products LLC		5.750		06/03/20		786,066
			TOTAL CONSUMER DURABLES & APPAREL						786,066
CONSUMER SERVICES - 0.2%
	900,000	i	Jackson Hewitt Tax Service, Inc		8.000		06/25/21		860,625
	897,750	i	Knowledge Universe Education LLC		6.000		08/13/22		875,306
	2,567,276	i	Spin Holdco, Inc		4.250		11/14/19		2,460,734
			TOTAL CONSUMER SERVICES						4,196,665
DIVERSIFIED FINANCIALS - 0.1%
	498,750	i	DTZ US Borrower LLC		4.250		11/04/21		485,812
	496,199		DTZ US Borrower LLC		4.250		11/04/21		483,327
	234,633	i	TransFirst, Inc		4.750		11/12/21		232,329
	886,466	i	TransUnion LLC		3.500		04/09/21		859,500
			TOTAL DIVERSIFIED FINANCIALS						2,060,968
ENERGY - 0.0%
	41,303	i	Granite Acquisition, Inc		5.000		12/19/21		36,759
	929,310	i	Granite Acquisition, Inc		5.000		12/19/21		827,086
			TOTAL ENERGY						863,845
FOOD & STAPLES RETAILING - 0.0%
	1,191,000	i	Albertson’s Holdings LLC		5.500		08/25/21		1,179,543
			TOTAL FOOD & STAPLES RETAILING						1,179,543
FOOD, BEVERAGE & TOBACCO - 0.0%
	254,363	i	Hostess Brands LLC		4.500		08/03/22		252,773
	164,029	i	Post Holdings, Inc		3.750		06/02/21		163,593
			TOTAL FOOD, BEVERAGE & TOBACCO						416,366

4

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
HEALTH CARE EQUIPMENT & SERVICES - 0.2%
$	799,995	i	Capsugel Holdings US, Inc		3.500	%	08/01/18	$	783,995
	1,208,909	i	DaVita HealthCare Partners, Inc		3.500		06/24/21		1,202,356
	550,000	i	Greatbatch Ltd		5.250		10/14/22		543,812
	1,969,773	i	HCA, Inc		3.357		05/01/18		1,966,090
	1,969,849	i	Kinetic Concepts, Inc		4.500		05/04/18		1,892,690
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						6,388,943
INSURANCE - 0.0%
	1,295,087	i	Acrisure LLC		6.500		05/19/22		1,238,427
			TOTAL INSURANCE						1,238,427
MATERIALS - 0.2%
	994,950	i	Eco Services Operations LLC		4.750		12/04/21		978,474
	1,233,333	i	Signode Industrial Group US, Inc		3.750		05/01/21		1,187,083
	360,000	i	Solenis International LP		7.750		07/31/22		283,500
	1,969,697		Tronox Pigments, B.V.		4.500		03/19/20		1,738,258
			TOTAL MATERIALS						4,187,315
MEDIA - 0.2%
	897,750	i	CDS US Intermediate Holdings, Inc		5.000		07/08/22		844,630
	495,683	i	CSC Holdings LLC		2.924		04/17/20		493,517
	700,000	i	Neptune Finco Corp		5.000		10/09/22		698,033
	1,708,953	i	Univision Communications, Inc		4.000		03/01/20		1,669,288
	504,991	i	Virgin Media Investment Holdings Ltd		3.500		06/30/23		493,866
			TOTAL MEDIA						4,199,334
SOFTWARE & SERVICES - 0.1%
	1,400,000	i	Evergreen Skills Lux S.a.r.l.		9.250		04/28/22		906,500
	918,317	i	IMS Health, Inc		3.500		03/17/21		895,359
	730,405	i	Mitchell International, Inc		4.500		10/13/20		689,502
	333,913	i	P2 Lower Acquisition LLC		5.500		10/22/20		329,739
	668,239	i	ProQuest LLC		5.750		10/24/21		654,039
	28,377	i	SS&C Technologies Holdings Europe SARL		4.018		07/08/22		28,129
	192,825	i	SS&C Technologies Holdings, Inc		4.007		07/08/22		191,138
			TOTAL SOFTWARE & SERVICES						3,694,406
TECHNOLOGY HARDWARE & EQUIPMENT - 0.1%
	1,119,375	i	CommScope, Inc		3.827		12/29/22		1,110,286
	918,410	i	Sensata Technologies BV		3.000		10/14/21		900,427
	444,000	i	Zebra Technologies Corp		4.750		10/27/21		444,000
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						2,454,713
			TOTAL BANK LOAN OBLIGATIONS						35,193,047
			(Cost $36,715,604)
BONDS - 93.9%
CORPORATE BONDS - 36.7%
AUTOMOBILES & COMPONENTS - 0.2%
	1,125,000		Delphi Automotive plc		3.150		11/19/20		1,123,668
	675,000	g	Gates Global LLC		6.000		07/15/22		486,000

5

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	2,000,000		Johnson Controls, Inc		4.625	%	07/02/44	$	1,694,982
	1,750,000		Magna International, Inc		3.625		06/15/24		1,711,138
	375,000		Magna International, Inc		4.150		10/01/25		381,962
	150,000	g	ZF North America Capital, Inc		4.000		04/29/20		151,237
	150,000	g	ZF North America Capital, Inc		4.500		04/29/22		146,625
	150,000	g	ZF North America Capital, Inc		4.750		04/29/25		142,875
			TOTAL AUTOMOBILES & COMPONENTS						5,838,487
BANKS - 5.3%
	500,000	g	Akbank TAS		4.000		01/24/20		482,355
	1,350,000	g	Akbank TAS		5.125		03/31/25		1,256,234
	1,000,000		Banco de Oro Unibank, Inc		3.875		04/22/16		1,000,000
	3,000,000	g	Banco Nacional de Comercio Exterior SNC		4.375		10/14/25		2,962,500
	700,000		Bancolombia S.A.		5.950		06/03/21		721,875
	500,000	g	Bank Nederlandse Gemeenten		1.875		06/11/19		502,454
	1,690,000		Bank of America Corp		5.300		03/15/17		1,758,039
	1,125,000		Bank of America Corp		6.000		09/01/17		1,197,211
	4,150,000		Bank of America Corp		2.625		10/19/20		4,099,623
	5,000,000		Bank of America Corp		4.000		01/22/25		4,898,680
	2,100,000		Bank of America Corp		3.950		04/21/25		2,045,104
	2,450,000		Bank of America Corp		3.875		08/01/25		2,487,301
	1,750,000		Bank of America Corp		4.750		04/21/45		1,681,984
	2,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		2.350		02/23/17		2,014,026
	3,375,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		2.350		09/08/19		3,358,705
	1,500,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		3.250		09/08/24		1,478,598
	3,475,000		Barclays plc		2.750		11/08/19		3,462,306
	3,350,000		Barclays plc		3.650		03/16/25		3,219,434
	650,000		Branch Banking & Trust Co		2.300		10/15/18		656,573
	2,550,000		Capital One Bank USA NA		2.950		07/23/21		2,524,671
	1,068,000		Capital One Bank USA NA		3.375		02/15/23		1,045,606
	2,050,000		Citigroup, Inc		1.300		11/15/16		2,045,031
	3,325,000		Citigroup, Inc		3.300		04/27/25		3,265,772
	3,400,000		Citigroup, Inc		4.400		06/10/25		3,435,632
	4,950,000		Citigroup, Inc		4.450		09/29/27		4,920,538
	375,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.950		11/09/22		379,621
	1,250,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		4.625		12/01/23		1,303,436
	2,550,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		5.250		08/04/45		2,672,120
	1,250,000	g	Credit Agricole S.A.		2.500		04/15/19		1,256,610
	850,000	g	Credit Agricole S.A.		2.750		06/10/20		854,559
	2,325,000		Discover Bank		3.100		06/04/20		2,331,368
	2,625,000		Fifth Third Bancorp		2.375		04/25/19		2,633,951
	1,450,000	g	HSBC Bank plc		1.500		05/15/18		1,434,160
	1,320,000	g	HSBC Bank plc		4.125		08/12/20		1,406,225
	1,275,000		HSBC Holdings plc		4.250		08/18/25		1,265,527
	1,400,000		HSBC USA, Inc		2.375		11/13/19		1,394,597
	2,500,000		HSBC USA, Inc		2.350		03/05/20		2,471,665
	1,000,000	g	Industrial & Commercial Bank of China Ltd		4.875		09/21/25		1,011,542
	8,700,000		JPMorgan Chase & Co		2.750		06/23/20		8,740,542

6

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	750,000	i	JPMorgan Chase & Co		5.150	%	12/30/49	$	708,750
	2,945,000		KeyBank NA		2.500		12/15/19		2,950,189
	3,275,000		KeyBank NA		2.250		03/16/20		3,239,109
	4,000,000		KeyBank NA		3.300		06/01/25		3,956,260
	900,000	g	Macquarie Bank Ltd		2.600		06/24/19		899,176
	2,550,000		Manufacturers & Traders Trust Co		2.100		02/06/20		2,504,891
	1,000,000	g,i	Oversea-Chinese Banking Corp Ltd		4.000		10/15/24		1,017,355
	2,000,000	g	PKO Finance AB		4.630		09/26/22		2,084,800
	2,075,000		PNC Bank NA		2.200		01/28/19		2,082,055
	2,425,000		PNC Bank NA		2.250		07/02/19		2,436,497
	4,150,000		PNC Bank NA		2.600		07/21/20		4,150,021
	1,750,000		PNC Bank NA		2.700		11/01/22		1,702,134
	3,050,000		PNC Bank NA		2.950		01/30/23		2,959,046
	1,500,000		PNC Financial Services Group, Inc		3.900		04/29/24		1,536,488
	835,000	g,i	Rabobank Nederland NV		11.000		12/30/49		1,030,808
	2,200,000		Royal Bank of Canada		2.200		07/27/18		2,218,174
	3,600,000	g	Skandinaviska Enskilda Banken AB		2.625		11/17/20		3,588,628
	3,350,000	g	Societe Generale S.A.		4.750		11/24/25		3,242,331
	3,350,000	g	Societe Generale S.A.		5.625		11/24/45		3,207,136
	1,025,000		Sumitomo Mitsui Banking Corp		2.500		07/19/18		1,038,525
	1,700,000		Sumitomo Mitsui Banking Corp		2.450		01/16/20		1,690,721
	900,000		Sumitomo Mitsui Banking Corp		3.650		07/23/25		909,313
	1,075,000		SunTrust Banks, Inc		2.750		05/01/23		1,028,447
	3,350,000		Toronto-Dominion Bank		2.500		12/14/20		3,348,499
	850,000	g	Turkiye Garanti Bankasi AS.		4.750		10/17/19		844,305
	525,000	g	Turkiye Halk Bankasi AS.		4.750		06/04/19		518,511
	400,000	g	Turkiye Is Bankasi		3.750		10/10/18		392,176
	1,000,000	g	Turkiye Is Bankasi		5.500		04/21/19		1,018,270
	1,750,000		Union Bank NA		2.125		06/16/17		1,760,950
	1,550,000		UnionBanCal Corp		3.500		06/18/22		1,572,450
	4,135,000		US Bank NA		2.800		01/27/25		4,026,270
	2,150,000		Westpac Banking Corp		2.250		01/17/19		2,155,758
	4,200,000		Westpac Banking Corp		2.600		11/23/20		4,198,387
	1,800,000	g	Zenith Bank plc		6.250		04/22/19		1,619,100
			TOTAL BANKS						157,311,705
CAPITAL GOODS - 0.9%
	2,775,000		Caterpillar Financial Services Corp		3.250		12/01/24		2,753,424
	1,675,000	g	CRH America, Inc		3.875		05/18/25		1,664,396
	675,000		Eaton Corp		4.000		11/02/32		643,170
	700,000		Embraer Netherlands Finance BV		5.050		06/15/25		637,000
	1,150,000	g	Gold Fields Orogen Holding BVI Ltd		4.875		10/07/20		856,750
	1,875,000		Ingersoll-Rand Luxembourg Finance S.A.		3.550		11/01/24		1,835,769
	525,000		Ingersoll-Rand Luxembourg Finance S.A.		4.650		11/01/44		502,151
	2,325,000		John Deere Capital Corp		3.400		09/11/25		2,358,233
	2,075,000		Lockheed Martin Corp		2.500		11/23/20		2,067,698
	1,275,000		Lockheed Martin Corp		3.550		01/15/26		1,281,547
	666,203	g	Odebrecht Offshore Drilling Finance Ltd		6.625		10/01/22		146,565
	1,250,000		Rockwell Automation, Inc		2.050		03/01/20		1,239,435
	1,275,000		Rockwell Automation, Inc		2.875		03/01/25		1,243,555
	725,000	g	Schaeffler Finance BV		4.750		05/15/21		728,625
	2,290,000	g	Stena AB		7.000		02/01/24		1,946,500

7

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	950,000		Textron, Inc		3.875	%	03/01/25	$	932,205
	2,775,000		Timken Co		3.875		09/01/24		2,620,205
	2,645,000	g	TSMC Global Ltd		1.625		04/03/18		2,592,698
			TOTAL CAPITAL GOODS						26,049,926
COMMERCIAL & PROFESSIONAL SERVICES - 1.2%
	4,500,000		21st Century Fox America, Inc		3.000		09/15/22		4,434,723
	110,000		21st Century Fox America, Inc		7.625		11/30/28		138,704
	85,000		21st Century Fox America, Inc		6.550		03/15/33		96,868
	730,000		21st Century Fox America, Inc		6.650		11/15/37		848,305
	600,000		21st Century Fox America, Inc		6.900		08/15/39		709,385
	250,000		ADT Corp		6.250		10/15/21		261,137
	225,000		AECOM		5.750		10/15/22		231,750
	575,000		AECOM		5.875		10/15/24		586,500
	1,425,000		Air Lease Corp		3.875		04/01/21		1,432,125
	3,000,000	g	Daimler Finance North America LLC		3.300		05/19/25		2,909,178
	7,000,000		Fluor Corp		3.500		12/15/24		6,994,827
	1,495,000		Republic Services, Inc		3.800		05/15/18		1,548,762
	2,400,000		Republic Services, Inc		3.550		06/01/22		2,452,279
	1,700,000		Republic Services, Inc		3.200		03/15/25		1,636,746
	650,000		United Rentals North America, Inc		5.500		07/15/25		630,500
	3,350,000		Visa, Inc		2.200		12/14/20		3,347,454
	2,250,000		Visa, Inc		3.150		12/14/25		2,254,754
	1,500,000		Waste Management, Inc		2.600		09/01/16		1,510,340
	2,800,000		Waste Management, Inc		2.900		09/15/22		2,749,230
	500,000		Waste Management, Inc		3.900		03/01/35		467,498
	550,000		Waste Management, Inc		4.100		03/01/45		511,172
	725,000	g	XPO Logistics, Inc		6.500		06/15/22		670,625
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						36,422,862
CONSUMER DURABLES & APPAREL - 0.1%
	1,200,000		DR Horton, Inc		3.750		03/01/19		1,200,000
	700,000		Newell Rubbermaid, Inc		3.900		11/01/25		631,893
	1,100,000		PVH Corp		4.500		12/15/22		1,075,250
	500,000		Whirlpool Corp		3.700		03/01/23		503,198
			TOTAL CONSUMER DURABLES & APPAREL						3,410,341
CONSUMER SERVICES - 0.2%
	1,800,000	g	1011778 BC / New Red Fin		6.000		04/01/22		1,854,000
	1,775,000	g	SABMiller Holdings, Inc		3.750		01/15/22		1,825,676
	600,000		Speedway Motorsports, Inc		5.125		02/01/23		594,000
			TOTAL CONSUMER SERVICES						4,273,676
DIVERSIFIED FINANCIALS - 4.4%
	750,000		Abbey National Treasury Services plc		4.000		04/27/16		756,906
	600,000		AerCap Ireland Capital Ltd		5.000		10/01/21		618,000
	1,500,000		American Express Centurion Bank		6.000		09/13/17		1,606,839
	2,700,000		American Express Credit Corp		2.250		08/15/19		2,700,389
	2,450,000		American Express Credit Corp		2.375		05/26/20		2,432,171
	7,750,000	g,i	Armor Re Ltd		4.243		12/15/16		7,733,725
	580,000		Bank of New York Mellon Corp		5.450		05/15/19		640,235
	2,525,000	g	Bayer US Finance LLC		2.375		10/08/19		2,527,260

8

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,775,000	g	Bayer US Finance LLC		3.375	%	10/08/24	$	1,788,336
	1,000,000	g,i	BBVA Bancomer S.A.		5.350		11/12/29		980,000
	1,500,000	g	Comcel Trust		6.875		02/06/24		1,155,000
	1,475,000		Credit Suisse		2.300		05/28/19		1,476,689
	2,575,000		Credit Suisse		3.000		10/29/21		2,566,111
	1,525,000	g	Credit Suisse Group Funding Guernsey Ltd		3.800		09/15/22		1,524,414
	1,650,000	g	Credit Suisse Group Funding Guernsey Ltd		3.750		03/26/25		1,594,060
	1,700,000	g	Credit Suisse Group Funding Guernsey Ltd		4.875		05/15/45		1,676,401
	1,500,000	g	Export-Import Bank of China		2.850		09/16/20		1,493,326
	1,600,000		Ford Motor Credit Co LLC		4.250		02/03/17		1,634,784
	2,500,000		Ford Motor Credit Co LLC		3.000		06/12/17		2,524,405
	800,000		Ford Motor Credit Co LLC		6.625		08/15/17		852,686
	9,250,000		Ford Motor Credit Co LLC		2.597		11/04/19		9,082,797
	3,325,000		Ford Motor Credit Co LLC		3.157		08/04/20		3,314,985
	4,100,000		Ford Motor Credit Co LLC		3.200		01/15/21		4,072,575
	3,325,000		Ford Motor Credit Co LLC		4.134		08/04/25		3,314,895
	10,313,000	g	GE Capital International Funding Co		2.342		11/15/20		10,237,437
	1,806,000	g	GE Capital International Funding Co		3.373		11/15/25		1,838,983
	825,000	g	GE Capital International Funding Co		4.418		11/15/35		842,195
	695,000		General Electric Capital Corp		3.100		01/09/23		705,432
	232,000		General Electric Capital Corp		6.875		01/10/39		316,216
	1,210,000		General Motors Financial Co, Inc		3.500		07/10/19		1,214,285
	750,000		General Motors Financial Co, Inc		3.200		07/13/20		738,451
	360,000		General Motors Financial Co, Inc		4.375		09/25/21		365,242
	2,075,000		Goldman Sachs Group, Inc		2.750		09/15/20		2,074,087
	1,750,000		Goldman Sachs Group, Inc		3.625		01/22/23		1,770,538
	4,650,000		Goldman Sachs Group, Inc		3.500		01/23/25		4,573,628
	1,575,000		Goldman Sachs Group, Inc		4.250		10/21/25		1,563,940
	600,000		Goldman Sachs Group, Inc		4.800		07/08/44		595,976
	1,910,000		Goldman Sachs Group, Inc		5.150		05/22/45		1,854,050
	1,075,000		Goldman Sachs Group, Inc		4.750		10/21/45		1,067,605
	1,100,000	g	Hyundai Capital America		2.600		03/19/20		1,080,846
	525,000		Icahn Enterprises LP		4.875		03/15/19		520,275
	1,900,000		International Lease Finance Corp		5.875		08/15/22		2,023,500
	350,000		Legg Mason, Inc		2.700		07/15/19		349,147
	475,000		Legg Mason, Inc		3.950		07/15/24		467,473
	2,650,000		Morgan Stanley		1.875		01/05/18		2,647,331
	2,250,000		Morgan Stanley		2.650		01/27/20		2,244,667
	5,050,000		Morgan Stanley		2.800		06/16/20		5,067,988
	400,000		Morgan Stanley		3.750		02/25/23		409,965
	5,475,000		Morgan Stanley		3.700		10/23/24		5,501,828
	1,975,000		Morgan Stanley		4.000		07/23/25		2,035,502
	3,225,000		Morgan Stanley		4.350		09/08/26		3,237,458
	1,750,000		Morgan Stanley		3.950		04/23/27		1,699,241
	2,000,000		Morgan Stanley		6.375		07/24/42		2,471,386
	1,500,000	g	Nacional Financiera SNC		3.375		11/05/20		1,485,563
	565,000		National Rural Utilities Cooperative Finance Corp		10.375		11/01/18		689,377
	1,500,000	g	Nederlandse Waterschapsbank NV		1.875		03/13/19		1,506,275
	500,000	g	Nederlandse Waterschapsbank NV		1.875		04/14/22		485,927
	1,650,000	g	UBS Group Funding Jersey Ltd		2.950		09/24/20		1,634,772
	850,000		Unilever Capital Corp		3.100		07/30/25		862,022
	2,200,000		Wells Fargo & Co		2.550		12/07/20		2,188,967

9

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,680,000		Wells Fargo & Co		3.900	%	05/01/45	$	1,548,973
			TOTAL DIVERSIFIED FINANCIALS						127,983,537
ENERGY - 2.8%
	1,275,000		Anadarko Petroleum Corp		5.950		09/15/16		1,310,161
	365,000		Anadarko Petroleum Corp		6.950		06/15/19		398,725
	600,000		Apache Corp		4.750		04/15/43		515,443
	300,000		Apache Corp		4.250		01/15/44		240,096
	2,515,000		Ashland, Inc		3.875		04/15/18		2,565,300
	500,000		Ashland, Inc		4.750		08/15/22		486,250
	3,050,000		BP Capital Markets plc		1.375		05/10/18		3,006,480
	3,400,000		BP Capital Markets plc		2.315		02/13/20		3,351,179
	104,000		California Resources Corp		5.000		01/15/20		37,050
	429,000	g	California Resources Corp		8.000		12/15/22		225,761
	58,000		California Resources Corp		6.000		11/15/24		17,690
	795,000		Calumet Specialty Products Partners LP		6.500		04/15/21		691,650
	4,100,000		Chevron Corp		2.419		11/17/20		4,079,611
	2,050,000		Cimarex Energy Co		4.375		06/01/24		1,819,414
	1,875,000		Concho Resources, Inc		5.500		04/01/23		1,734,375
	1,150,000		Continental Resources, Inc		5.000		09/15/22		848,125
	750,000		Devon Energy Corp		5.850		12/15/25		729,473
	500,000		Dynegy, Inc		6.750		11/01/19		470,000
	700,000		Ecopetrol S.A.		4.125		01/16/25		560,000
	1,100,000		Ecopetrol S.A.		5.375		06/26/26		937,750
	480,000		Enbridge Energy Partners LP		5.200		03/15/20		486,342
	850,000		Enbridge Energy Partners LP		4.375		10/15/20		829,514
	1,650,000		Enbridge Energy Partners LP		5.875		10/15/25		1,590,397
	825,000		EnCana Corp		6.500		02/01/38		659,495
	2,250,000		Enterprise Products Operating LLC		3.750		02/15/25		2,059,245
	1,500,000		Enterprise Products Operating LLC		5.100		02/15/45		1,255,498
	675,000		EP Energy LLC		6.375		06/15/23		337,500
	1,425,000		Exterran Partners LP		6.000		10/01/22		1,161,375
	1,500,000		Husky Energy, Inc		3.950		04/15/22		1,390,635
	1,350,000	g	Indo Energy Finance II BV		6.375		01/24/23		555,187
	1,200,000		Marathon Petroleum Corp		3.500		03/01/16		1,203,388
	1,200,000		Newfield Exploration Co		5.750		01/30/22		1,062,000
	1,000,000		Noble Energy, Inc		5.625		05/01/21		978,187
	3,400,000		Noble Energy, Inc		5.875		06/01/22		3,234,420
	350,000		Noble Energy, Inc		5.250		11/15/43		282,480
	775,000		Noble Holding International Ltd		4.000		03/16/18		701,863
	1,050,000		Noble Holding International Ltd		3.950		03/15/22		694,479
	2,150,000		ONE Gas, Inc		2.070		02/01/19		2,138,184
	700,000		ONE Gas, Inc		3.610		02/01/24		712,786
	200,000	g	Pacific Rubiales Energy Corp		5.375		01/26/19		38,000
	500,000		Peabody Energy Corp		6.000		11/15/18		92,500
	365,000		Pemex Project Funding Master Trust		5.750		03/01/18		379,965
	500,000		Pemex Project Funding Master Trust		6.625		06/15/35		446,875
	1,500,000	g	Pertamina Persero PT		4.300		05/20/23		1,363,543
	350,000	i	Petrobras Global Finance BV		1.990		05/20/16		341,250
	1,000,000	i	Petrobras Global Finance BV		2.461		01/15/19		760,000
	1,600,000		Petrobras Global Finance BV		3.000		01/15/19		1,216,000
	2,000,000		Petrobras Global Finance BV		4.875		03/17/20		1,500,000

10

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	700,000		Petrobras International Finance Co		3.500	%	02/06/17	$	654,500
	170,000		Petroleos Mexicanos		8.000		05/03/19		187,148
	1,500,000	g	Petroleos Mexicanos		3.500		07/23/20		1,419,750
	2,750,000		Petroleos Mexicanos		3.500		01/30/23		2,399,375
	300,000	g	Petroleos Mexicanos		4.250		01/15/25		262,500
	1,880,000		Petroleos Mexicanos		5.500		06/27/44		1,414,399
	1,075,000	g	Petroleos Mexicanos		5.625		01/23/46		822,590
	650,000		Petroleum Co of Trinidad & Tobago Ltd		6.000		05/08/22		601,250
	615,000		Pioneer Natural Resources Co		7.500		01/15/20		653,307
	2,125,000		Pioneer Natural Resources Co		3.450		01/15/21		1,962,937
	1,675,000		Pioneer Natural Resources Co		4.450		01/15/26		1,508,547
	6,725,000		Plains All American Pipeline LP		3.600		11/01/24		5,397,929
	1,625,000		Plains Exploration & Production Co		6.500		11/15/20		1,048,125
	625,000		Precision Drilling Corp		6.500		12/15/21		481,250
	468,000		Questar Market Resources, Inc		6.875		03/01/21		383,760
	530,000		Regency Energy Partners LP		5.875		03/01/22		499,599
	500,000		Sabine Pass Liquefaction LLC		6.250		03/15/22		462,500
	500,000		Sabine Pass LNG LP		6.500		11/01/20		485,000
	1,275,000		Southwestern Energy Co		4.050		01/23/20		924,375
	675,000		Statoil ASA		1.200		01/17/18		668,444
	1,700,000		Statoil ASA		2.450		01/17/23		1,612,185
	1,325,000		Statoil ASA		4.250		11/23/41		1,248,972
	750,000		Talisman Energy, Inc		3.750		02/01/21		680,326
	450,000	g	Targa Resources Partners LP		5.000		01/15/18		416,250
	1,915,000		TransCanada Pipelines Ltd		7.690		06/30/16		1,969,876
	870,000		TransCanada PipeLines Ltd		5.850		03/15/36		894,687
	495,000	g	Ultra Petroleum Corp		6.125		10/01/24		112,613
	500,000		Vale Overseas Ltd		4.375		01/11/22		378,415
	480,000		Vale Overseas Ltd		6.875		11/21/36		335,539
	1,500,000		WPX Energy, Inc		6.000		01/15/22		1,050,000
			TOTAL ENERGY						82,431,789
FOOD & STAPLES RETAILING - 0.8%
	4,825,000		CVS Health Corp		2.800		07/20/20		4,848,686
	975,000		CVS Health Corp		3.375		08/12/24		965,388
	4,175,000		CVS Health Corp		3.875		07/20/25		4,261,615
	1,600,000		Ingles Markets, Inc		5.750		06/15/23		1,596,000
	5,150,000		Walgreens Boots Alliance, Inc		2.700		11/18/19		5,142,496
	5,650,000		Walgreens Boots Alliance, Inc		3.800		11/18/24		5,485,749
			TOTAL FOOD & STAPLES RETAILING						22,299,934
FOOD, BEVERAGE & TOBACCO - 1.2%
	1,500,000	g	Anadolu Efes Biracilik Ve Malt Sanayii AS.		3.375		11/01/22		1,258,188
	1,450,000		Anheuser-Busch InBev Worldwide, Inc		2.500		07/15/22		1,395,715
	875,000		ConAgra Foods, Inc		3.200		01/25/23		841,838
	1,800,000	g	Corp Lindley S.A.		4.625		04/12/23		1,773,000
	1,600,000		Diageo Capital plc		2.625		04/29/23		1,546,861
	1,000,000	g	Embotelladora Andina S.A.		5.000		10/01/23		1,030,460
	2,000,000		Fomento Economico Mexicano SAB de C.V.		2.875		05/10/23		1,867,088
	1,425,000		General Mills, Inc		2.200		10/21/19		1,425,443
	1,624,000	g	HJ Heinz Co		4.875		02/15/25		1,726,349
	900,000		Mead Johnson Nutrition Co		3.000		11/15/20		900,132

11

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	650,000		Mondelez International, Inc		4.125	%	02/09/16	$	651,678
	6,770,000		Mondelez International, Inc		4.000		02/01/24		6,983,208
	78,000		PepsiCo, Inc		7.900		11/01/18		91,408
	3,875,000		PepsiCo, Inc		2.750		04/30/25		3,761,335
	2,785,000		PepsiCo, Inc		4.450		04/14/46		2,874,719
	468,000	g	Pernod-Ricard S.A.		5.750		04/07/21		516,713
	1,475,000	g	Pernod-Ricard S.A.		4.250		07/15/22		1,515,145
	3,700,000		Philip Morris International, Inc		3.375		08/11/25		3,744,863
	200,000		Philip Morris International, Inc		6.375		05/16/38		252,273
	775,000		Tyson Foods, Inc		3.950		08/15/24		795,767
	500,000		Tyson Foods, Inc		4.875		08/15/34		509,971
			TOTAL FOOD, BEVERAGE & TOBACCO						35,462,154
HEALTH CARE EQUIPMENT & SERVICES - 1.3%
	600,000		Becton Dickinson & Co		1.750		11/08/16		603,041
	1,150,000		Becton Dickinson & Co		3.734		12/15/24		1,160,555
	2,825,000		Becton Dickinson & Co		4.685		12/15/44		2,849,993
	375,000		CHS/Community Health Systems		6.875		02/01/22		355,781
	750,000		Covidien International Finance S.A.		3.200		06/15/22		751,881
	1,775,000		Express Scripts Holding Co		3.900		02/15/22		1,823,983
	1,000,000	g	Fresenius Medical Care Capital Trust		5.625		07/31/19		1,077,500
	2,700,000		HCA, Inc		6.500		02/15/20		2,941,650
	3,000,000		Keysight Technologies, Inc		4.550		10/30/24		2,884,287
	725,000		Laboratory Corp of America Holdings		2.625		02/01/20		716,056
	1,175,000		Laboratory Corp of America Holdings		3.600		02/01/25		1,133,903
	2,075,000		McKesson Corp		4.883		03/15/44		2,075,000
	4,150,000		Medtronic, Inc		3.500		03/15/25		4,199,132
	4,725,000		Medtronic, Inc		4.625		03/15/45		4,871,603
	2,150,000		Quest Diagnostics, Inc		3.500		03/30/25		2,077,345
	525,000		Thermo Fisher Scientific, Inc		2.400		02/01/19		524,911
	1,475,000		Thermo Fisher Scientific, Inc		3.300		02/15/22		1,472,228
	825,000		Thermo Fisher Scientific, Inc		3.150		01/15/23		803,498
	2,600,000		Zimmer Holdings, Inc		2.700		04/01/20		2,568,257
	2,825,000		Zimmer Holdings, Inc		3.550		04/01/25		2,746,609
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						37,637,213
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	2,500,000		Colgate-Palmolive Co		4.000		08/15/45		2,505,543
	800,000		Ecolab, Inc		1.450		12/08/17		792,462
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						3,298,005
INSURANCE - 2.2%
	750,000		Aetna, Inc		1.500		11/15/17		747,157
	285,000		Aetna, Inc		6.625		06/15/36		341,618
	1,225,000		Allstate Corp		3.150		06/15/23		1,224,757
	1,225,000		Allstate Corp		4.500		06/15/43		1,244,550
	1,675,000		American International Group, Inc		2.300		07/16/19		1,661,000
	1,800,000		Children’s Hospital Medic		4.268		05/15/44		1,760,513
	500,000		Chubb Corp		6.000		05/11/37		612,966
	235,000		Cigna Corp		5.125		06/15/20		256,528
	2,000,000		Cigna Corp		4.500		03/15/21		2,122,970
	1,275,000		Cigna Corp		3.250		04/15/25		1,252,161

12

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	5,300,000	g	Five Corners Funding Trust		4.419	%	11/15/23	$	5,533,714
	1,275,000		Lincoln National Corp		7.000		06/15/40		1,599,169
	3,100,000	g,i	Merna Reinsurance IV Ltd		2.663		04/08/16		3,099,070
	1,125,000		MetLife, Inc		6.750		06/01/16		1,150,755
	4,700,000		MetLife, Inc		4.368		09/15/23		5,047,946
	2,525,000		MetLife, Inc		3.000		03/01/25		2,428,209
	2,675,000		MetLife, Inc		4.050		03/01/45		2,478,353
	1,700,000	i	MetLife, Inc		5.250		12/30/49		1,729,750
	450,000		Principal Financial Group, Inc		1.850		11/15/17		450,363
	1,500,000		Progressive Corp		3.750		08/23/21		1,586,076
	630,000		Prudential Financial, Inc		7.375		06/15/19		731,143
	1,075,000		Prudential Financial, Inc		5.400		06/13/35		1,169,488
	1,375,000		Prudential Financial, Inc		5.100		08/15/43		1,432,538
	2,675,000	i	Prudential Financial, Inc		5.200		03/15/44		2,582,713
	3,350,000	i	Prudential Financial, Inc		5.375		05/15/45		3,345,813
	1,190,000	g	Prudential Funding LLC		6.750		09/15/23		1,404,633
	1,525,000	g	Swiss Re Treasury US Corp		2.875		12/06/22		1,473,679
	1,325,000	g	Swiss Re Treasury US Corp		4.250		12/06/42		1,250,479
	615,000		Travelers Cos, Inc		5.800		05/15/18		671,709
	1,625,000		UnitedHealth Group, Inc		3.750		07/15/25		1,676,704
	3,325,000		UnitedHealth Group, Inc		4.750		07/15/45		3,498,951
	3,000,000		WellPoint, Inc		3.125		05/15/22		2,945,541
	1,500,000		WellPoint, Inc		4.625		05/15/42		1,416,431
	3,350,000		Willis Group Holdings plc		4.125		03/15/16		3,368,147
	410,000		WR Berkley Corp		5.375		09/15/20		450,642
			TOTAL INSURANCE						63,746,236
MATERIALS - 1.7%
	125,000		Alcoa, Inc		5.125		10/01/24		113,750
	1,025,000	g	Anglo American Capital plc		3.625		05/14/20		727,750
	646,000		Barrick Gold Corp		4.100		05/01/23		554,218
	250,000	g	Berry Plastics Corp		6.000		10/15/22		254,375
	550,000		BHP Billiton Finance USA Ltd		5.000		09/30/43		498,400
	450,000	g	Blue Cube Spinco, Inc		9.750		10/15/23		485,437
	235,000	g	Blue Cube Spinco, Inc		10.000		10/15/25		258,500
	350,000	g	Cascades, Inc		5.500		07/15/22		339,500
	500,000		Celulosa Arauco y Constitucion S.A.		4.500		08/01/24		495,181
	475,000	g	Cemex Finance LLC		6.000		04/01/24		407,312
	275,000	g	Cemex SAB de C.V.		5.700		01/11/25		229,969
	800,000		Corning, Inc		1.450		11/15/17		793,144
	450,000	g	Corp Nacional del Cobre de Chile		5.625		10/18/43		402,655
	300,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.750		11/04/20		293,650
	650,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.875		11/03/21		624,890
	1,425,000	g	Corp Nacional del Cobre de Chile-CODELCO		4.500		09/16/25		1,341,888
	600,000	g	Corp Nacional del Cobre de Chile-CODELCO		4.875		11/04/44		478,744
	1,070,000		Crown Americas LLC		6.250		02/01/21		1,104,775
	1,815,000		Crown Americas LLC		4.500		01/15/23		1,774,162
	335,000		Eastman Chemical Co		5.500		11/15/19		364,955
	1,500,000		Eastman Chemical Co		3.800		03/15/25		1,453,527
	600,000		Fibria Overseas Finance Ltd		5.250		05/12/24		570,000
	4,100,000	g	Georgia-Pacific LLC		2.539		11/15/19		4,077,774
	4,000,000	g	Glencore Funding LLC		2.500		01/15/19		3,340,000

13

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,300,000	g	Glencore Funding LLC		4.625	%	04/29/24	$	941,460
	1,700,000	g	Glencore Funding LLC		4.000		04/16/25		1,181,500
	200,000	g	GTL Trade Finance, Inc		5.893		04/29/24		142,000
	450,000		Hexion US Finance Corp		8.875		02/01/18		317,250
	1,450,000		Hexion US Finance Corp		6.625		04/15/20		1,134,625
	6,779,000		International Paper Co		4.750		02/15/22		7,241,979
	900,000	g	Klabin Finance S.A.		5.250		07/16/24		801,000
	1,000,000		LyondellBasell Industries NV		5.000		04/15/19		1,063,772
	1,375,000		LyondellBasell Industries NV		4.625		02/26/55		1,115,062
	1,350,000		Nucor Corp		4.000		08/01/23		1,309,422
	1,750,000	g	OCP S.A.		5.625		04/25/24		1,775,812
	720,000	g	Owens-Brockway Glass Container, Inc		5.875		08/15/23		730,800
	3,950,000		Packaging Corp of America		3.650		09/15/24		3,840,553
	840,000		Rio Tinto Finance USA plc		2.250		12/14/18		819,066
	3,045,000		Rock Tenn Co		3.500		03/01/20		3,076,705
	845,000	g	Sealed Air Corp		5.250		04/01/23		861,900
	300,000		Steel Dynamics, Inc		5.125		10/01/21		277,500
	875,000		Teck Resources Ltd		2.500		02/01/18		665,000
	1,025,000		Teck Resources Ltd		3.750		02/01/23		474,062
	1,500,000	g	Union Andina de Cementos SAA		5.875		10/30/21		1,447,500
	335,000	g	Univar, Inc		6.750		07/15/23		305,688
			TOTAL MATERIALS						50,507,212
	MEDIA - 2.2%
	1,900,000		AMC Entertainment, Inc		5.875		02/15/22		1,928,500
	1,700,000		CBS Corp		2.300		08/15/19		1,681,271
	1,150,000		CBS Corp		4.000		01/15/26		1,122,049
	750,000		CBS Corp		4.600		01/15/45		643,477
	2,750,000	g	CCO Safari II LLC		3.579		07/23/20		2,734,248
	855,000	g	CCO Safari II LLC		4.464		07/23/22		852,025
	3,425,000	g	CCO Safari II LLC		4.908		07/23/25		3,421,633
	1,450,000		Cinemark USA, Inc		4.875		06/01/23		1,413,750
	4,775,000		Comcast Corp		4.250		01/15/33		4,691,920
	1,700,000		Comcast Corp		4.600		08/15/45		1,721,121
	3,050,000		DIRECTV Holdings LLC		4.450		04/01/24		3,132,884
	90,000	g	Gannett Co, Inc		4.875		09/15/21		90,225
	150,000	g	Gannett Co, Inc		5.500		09/15/24		150,000
	1,900,000		Grupo Televisa SAB		4.625		01/30/26		1,877,293
	875,000		Grupo Televisa SAB		5.000		05/13/45		751,778
	1,375,000	g	NBC Universal Enterprise, Inc		1.662		04/15/18		1,375,330
	1,475,000	g	NBC Universal Enterprise, Inc		1.974		04/15/19		1,474,310
	1,175,000		NBC Universal Media LLC		2.875		01/15/23		1,166,932
	500,000		Nielsen Finance LLC		4.500		10/01/20		507,500
	125,000	g	Nielsen Finance LLC		5.000		04/15/22		123,438
	1,080,000	g	Numericable Group S.A.		6.000		05/15/22		1,047,600
	2,250,000		Outfront Media Capital LLC		5.250		02/15/22		2,300,625
	1,700,000		Scripps Networks Interactive, Inc		2.800		06/15/20		1,658,501
	2,150,000	g	Sky plc		2.625		09/16/19		2,140,878
	4,800,000		Time Warner Cable, Inc		4.000		09/01/21		4,846,608
	250,000		Time Warner Cable, Inc		5.875		11/15/40		236,868
	4,350,000		Time Warner, Inc		2.100		06/01/19		4,326,714
	4,000,000		Time Warner, Inc		4.750		03/29/21		4,301,560

14

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	5,000,000		Time Warner, Inc		3.600	%	07/15/25	$	4,869,590
	565,000		Time Warner, Inc		6.500		11/15/36		639,674
	1,500,000		Time Warner, Inc		4.650		06/01/44		1,375,859
	475,000	g	Time, Inc		5.750		04/15/22		434,625
	2,200,000	g	Univision Communications, Inc		5.125		05/15/23		2,117,500
	1,585,000		Viacom, Inc		2.500		12/15/16		1,588,325
	1,500,000		Viacom, Inc		5.850		09/01/43		1,346,078
	300,000	g	Virgin Media Finance plc		6.000		10/15/24		299,250
			TOTAL MEDIA						64,389,939
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.5%
	4,325,000		AbbVie, Inc		2.500		05/14/20		4,282,243
	1,725,000		Actavis Funding SCS		3.000		03/12/20		1,723,625
	3,100,000		Actavis Funding SCS		3.800		03/15/25		3,084,454
	2,950,000		Amgen, Inc		2.200		05/22/19		2,946,726
	1,700,000		Amgen, Inc		4.400		05/01/45		1,573,964
	1,650,000		Biogen, Inc		2.900		09/15/20		1,646,378
	1,850,000		Celgene Corp		2.875		08/15/20		1,836,774
	2,850,000		Celgene Corp		3.875		08/15/25		2,840,943
	1,675,000		Gilead Sciences, Inc		3.500		02/01/25		1,689,122
	2,275,000		Gilead Sciences, Inc		3.650		03/01/26		2,295,218
	1,000,000	g	Mylan NV		3.750		12/15/20		1,001,083
	725,000		Mylan, Inc		2.550		03/28/19		715,531
	5,025,000		Novartis Capital Corp		3.000		11/20/25		4,953,615
	3,350,000		Novartis Capital Corp		4.000		11/20/45		3,278,112
	550,000		Perrigo Co plc		4.000		11/15/23		538,171
	2,575,000		Perrigo Finance plc		3.500		12/15/21		2,504,195
	2,100,000		Perrigo Finance plc		3.900		12/15/24		2,027,243
	650,000		Perrigo Finance plc		4.900		12/15/44		586,595
	3,425,000	g	Roche Holdings, Inc		3.000		11/10/25		3,385,767
	775,000		Zoetis, Inc		3.450		11/13/20		775,929
	825,000		Zoetis, Inc		4.500		11/13/25		836,609
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						44,522,297
REAL ESTATE - 1.4%
	1,125,000		Brandywine Operating Partnership LP		4.100		10/01/24		1,087,783
	1,100,000		Brixmor Operating Partnership LP		3.875		08/15/22		1,095,074
	2,225,000		Brixmor Operating Partnership LP		3.850		02/01/25		2,163,497
	630,000		Camden Property Trust		4.625		06/15/21		670,906
	1,650,000		Camden Property Trust		2.950		12/15/22		1,583,653
	1,000,000		DCT Industrial Operating Partnership LP		4.500		10/15/23		1,000,724
	750,000		DDR Corp		3.625		02/01/25		708,095
	975,000		DDR Corp		4.250		02/01/26		951,172
	2,000,000		Developers Diversified Realty Corp		4.750		04/15/18		2,092,468
	650,000		Equinix, Inc		4.875		04/01/20		675,675
	600,000		Equity One, Inc		3.750		11/15/22		579,428
	850,000		Essex Portfolio LP		3.375		01/15/23		834,002
	500,000		Healthcare Realty Trust, Inc		5.750		01/15/21		551,572
	325,000		Healthcare Realty Trust, Inc		3.750		04/15/23		318,124
	1,675,000		Healthcare Realty Trust, Inc		3.875		05/01/25		1,621,502
	825,000		Healthcare Trust of America Holdings LP		3.375		07/15/21		813,347
	675,000		Healthcare Trust of America Holdings LP		3.700		04/15/23		654,594

15

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	2,250,000		Highwoods Realty LP		5.850	%	03/15/17	$	2,345,618
	450,000		Host Hotels & Resorts LP		4.500		02/01/26		444,274
	2,050,000		Kilroy Realty LP		3.800		01/15/23		2,032,124
	750,000		Kilroy Realty LP		4.375		10/01/25		759,780
	675,000		Kimco Realty Corp		3.400		11/01/22		669,026
	700,000		Mid-America Apartments LP		4.300		10/15/23		717,675
	1,200,000		Mid-America Apartments LP		3.750		06/15/24		1,176,031
	1,050,000		Mid-America Apartments LP		4.000		11/15/25		1,043,160
	575,000		National Retail Properties, Inc		3.800		10/15/22		576,924
	1,075,000		National Retail Properties, Inc		3.300		04/15/23		1,034,988
	625,000		National Retail Properties, Inc		4.000		11/15/25		614,068
	30,000		Regency Centers LP		5.875		06/15/17		31,637
	1,100,000		Regency Centers LP		3.900		11/01/25		1,097,845
	470,000		Simon Property Group LP		10.350		04/01/19		576,775
	750,000	g	Trust F		5.250		01/30/26		729,375
	825,000	g	Trust F/1401		5.250		12/15/24		818,813
	995,000		Ventas Realty LP		4.125		01/15/26		991,840
	400,000		Weingarten Realty Investors		3.375		10/15/22		390,394
	1,876,000		Weingarten Realty Investors		3.500		04/15/23		1,823,980
	475,000		Weingarten Realty Investors		4.450		01/15/24		487,030
	1,025,000		Weingarten Realty Investors		3.850		06/01/25		994,890
	3,350,000		Welltower, Inc		4.000		06/01/25		3,295,817
			TOTAL REAL ESTATE						40,053,680
RETAILING - 1.0%
	200,000	g	Argos Merger Sub, Inc		7.125		03/15/23		198,300
	175,000	g	Asbury Automotive Group, Inc		6.000		12/15/24		180,687
	1,667,000		AutoNation, Inc		5.500		02/01/20		1,805,858
	1,025,000		AutoNation, Inc		3.350		01/15/21		1,021,432
	3,200,000		AutoZone, Inc		2.500		04/15/21		3,123,600
	1,100,000		AutoZone, Inc		3.250		04/15/25		1,064,461
	145,000	g	Family Tree Escrow LLC		5.750		03/01/23		151,162
	1,000,000	g	Golden Eagle Retail Group Ltd		4.625		05/21/23		753,579
	2,175,000		Home Depot, Inc		3.350		09/15/25		2,223,885
	625,000	g	L Brands, Inc		6.875		11/01/35		642,188
	1,868,000		Limited Brands, Inc		6.625		04/01/21		2,068,810
	3,350,000		Macy’s Retail Holdings, Inc		3.450		01/15/21		3,331,980
	620,000		Men’s Wearhouse, Inc		7.000		07/01/22		440,200
	1,660,000		O’Reilly Automotive, Inc		4.625		09/15/21		1,769,323
	5,613,000		O’Reilly Automotive, Inc		3.800		09/01/22		5,684,386
	375,000		QVC, Inc		5.125		07/02/22		373,830
	1,250,000	g	Rolls-Royce plc		2.375		10/14/20		1,222,219
	450,000	g	Rolls-Royce plc		3.625		10/14/25		440,972
	2,000,000		Sally Holdings LLC		5.750		06/01/22		2,070,000
	600,000		Tiffany & Co		3.800		10/01/24		591,602
			TOTAL RETAILING						29,158,474
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.1%
	2,850,000		Intel Corp		3.700		07/29/25		2,948,396
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						2,948,396

16

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SOFTWARE & SERVICES - 1.0%
$	800,000		Baidu, Inc		3.000	%	06/30/20	$	791,134
	2,500,000		Fidelity National Information Services, Inc		3.625		10/15/20		2,533,652
	9,600,000		Fidelity National Information Services, Inc		5.000		03/15/22		9,977,971
	3,425,000		Microsoft Corp		3.125		11/03/25		3,444,896
	325,000		NCR Corp		5.875		12/15/21		320,125
	300,000	g	Open Text Corp		5.625		01/15/23		297,000
	4,200,000		Oracle Corp		2.500		05/15/22		4,124,900
	4,200,000		Oracle Corp		2.950		05/15/25		4,100,687
	1,700,000		Oracle Corp		4.125		05/15/45		1,608,955
	300,000	g	Sixsigma Networks Mexico S.A. de C.V.		8.250		11/07/21		286,500
	275,000	g	SS&C Technologies Holdings, Inc		5.875		07/15/23		283,937
			TOTAL SOFTWARE & SERVICES						27,769,757
TECHNOLOGY HARDWARE & EQUIPMENT - 0.5%
	2,275,000		Amphenol Corp		3.125		09/15/21		2,250,605
	100,000		CC Holdings GS V LLC		2.381		12/15/17		100,108
	725,000	g	CommScope, Inc		5.000		06/15/21		695,094
	725,000	g	CommScope, Inc		5.500		06/15/24		688,750
	415,000		General Electric Co		5.250		12/06/17		443,129
	113,000		Hewlett-Packard Co		3.750		12/01/20		112,147
	550,000	g	International Game Technology		5.625		02/15/20		541,750
	1,825,000	g	NXP BV		3.750		06/01/18		1,834,125
	1,500,000		Scientific Games Corp		8.125		09/15/18		1,095,000
	750,000	g	Seagate HDD Cayman		4.875		06/01/27		575,869
	175,000	g	Sensata Technologies BV		5.625		11/01/24		178,937
	2,793,000		Tyco Electronics Group S.A.		2.375		12/17/18		2,789,517
	3,000,000		Tyco Electronics Group S.A.		3.500		02/03/22		3,054,663
	250,000		Zebra Technologies Corp		7.250		10/15/22		261,250
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						14,620,944
TELECOMMUNICATION SERVICES - 1.8%
	2,000,000		Alibaba Group Holding Ltd		2.500		11/28/19		1,953,916
	200,000	g	Altice Financing S.A.		6.625		02/15/23		197,500
	975,000		American Tower Corp		3.500		01/31/23		953,602
	2,450,000		AT&T, Inc		2.450		06/30/20		2,413,747
	2,950,000		AT&T, Inc		2.625		12/01/22		2,798,609
	3,050,000		AT&T, Inc		3.400		05/15/25		2,931,706
	3,275,000		AT&T, Inc		4.500		05/15/35		3,029,231
	1,175,000		AT&T, Inc		4.750		05/15/46		1,075,623
	1,500,000	g	Bharti Airtel International Netherlands BV		5.125		03/11/23		1,552,770
	250,000	g	Deutsche Telekom International Finance BV		2.250		03/06/17		251,565
	630,000		Deutsche Telekom International Finance BV		8.750		06/15/30		873,982
	875,000	g	Deutsche Telekom International Finance BV		4.875		03/06/42		891,065
	1,000,000	g	ENTEL Chile S.A.		4.875		10/30/24		960,051
	1,900,000	g	ENTEL Chile S.A.		4.750		08/01/26		1,777,558
	1,375,000		Intelsat Jackson Holdings S.A.		5.500		08/01/23		1,079,375
	750,000	g	Oi S.A.		5.750		02/10/22		341,250
	500,000		Orange S.A.		5.500		02/06/44		530,090
	150,000		Sprint Corp		7.250		09/15/21		111,750
	2,500,000		Telefonica Emisiones SAU		3.992		02/16/16		2,506,875
	2,300,000		Telefonica Emisiones SAU		4.570		04/27/23		2,412,797
	1,900,000		T-Mobile USA, Inc		6.731		04/28/22		1,980,750

17

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	425,000		T-Mobile USA, Inc		6.375	%	03/01/25	$	429,250
	1,000,000	g	Turk Telekomunikasyon AS.		4.875		06/19/24		946,120
	1,925,000		Verizon Communications, Inc		3.450		03/15/21		1,970,378
	1,150,000		Verizon Communications, Inc		4.150		03/15/24		1,182,546
	9,100,000		Verizon Communications, Inc		4.400		11/01/34		8,395,933
	8,322,000		Verizon Communications, Inc		4.272		01/15/36		7,511,487
	475,000	g	Wind Acquisition Finance S.A.		4.750		07/15/20		470,250
	1,175,000		Windstream Corp		6.375		08/01/23		846,000
			TOTAL TELECOMMUNICATION SERVICES						52,375,776
TRANSPORTATION - 1.5%
	1,275,000	g	Adani Ports & Special Economic Zone Ltd		3.500		07/29/20		1,256,673
	4,025,000	g	AP Moeller-Maersk A.S.		2.550		09/22/19		3,984,694
	3,825,000	g	AP Moeller-Maersk A.S.		3.750		09/22/24		3,712,927
	1,635,000	g	Asciano Finance Ltd		5.000		04/07/18		1,683,548
	900,000	g	Bombardier, Inc		5.500		09/15/18		825,840
	2,350,000		Canadian Pacific Railway Co		2.900		02/01/25		2,212,250
	775,000		Canadian Pacific Railway Co		4.800		08/01/45		753,732
	2,660,000		CSX Corp		3.350		11/01/25		2,584,943
	700,000	g	ERAC USA Finance LLC		3.300		10/15/22		689,065
	750,000	g	ERAC USA Finance LLC		5.625		03/15/42		805,002
	1,400,000		FedEx Corp		3.200		02/01/25		1,362,812
	1,175,000		FedEx Corp		4.100		02/01/45		1,046,342
	1,262,000		GATX Corp		1.250		03/04/17		1,249,399
	4,240,000		GATX Corp		2.500		03/15/19		4,173,212
	1,450,000		GATX Corp		2.500		07/30/19		1,427,199
	1,150,000		GATX Corp		3.250		03/30/25		1,063,304
	1,175,000		GATX Corp		5.200		03/15/44		1,121,472
	1,700,000		GATX Corp		4.500		03/30/45		1,450,737
	6,000,000	g	Kansas City Southern		2.350		05/15/20		5,794,908
	2,225,000	g	Kansas City Southern		4.950		08/15/45		2,177,240
	1,000,000	g	Latam Airlines Group S.A.		7.250		06/09/20		892,500
	2,500,000		Norfolk Southern Corp		4.450		06/15/45		2,354,053
	375,000		Northrop Grumman Corp		1.750		06/01/18		372,041
	1,275,000		Southwest Airlines Co		2.750		11/06/19		1,285,415
	1,750,000	g	TTX Co		3.600		01/15/25		1,734,633
			TOTAL TRANSPORTATION						46,013,941
UTILITIES - 3.3%
	225,000	i	AES Corp		3.414		06/01/19		206,437
	1,385,000		AES Corp		7.375		07/01/21		1,412,700
	1,000,000		AES Corp		4.875		05/15/23		875,000
	2,075,000		AGL Capital Corp		3.875		11/15/25		2,088,226
	1,250,000		AGL Capital Corp		4.400		06/01/43		1,124,482
	1,000,000		Alabama Power Co		3.550		12/01/23		1,029,280
	725,000		Alabama Power Co		4.150		08/15/44		689,004
	2,000,000		American Electric Power Co, Inc		2.950		12/15/22		1,976,698
	2,200,000		AmeriGas Finance LLC		3.750		05/01/21		2,205,500
	1,870,000		AmeriGas Partners LP		6.250		08/20/19		1,795,200
	775,000		Atmos Energy Corp		8.500		03/15/19		908,542
	1,825,000		Atmos Energy Corp		4.125		10/15/44		1,747,569
	1,175,000		Berkshire Hathaway Energy Co		3.500		02/01/25		1,165,277

18

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,075,000		Black Hills Corp		4.250	%	11/30/23	$	1,098,231
	1,515,000		Carolina Power & Light Co		5.300		01/15/19		1,664,453
	225,000		Carolina Power & Light Co		5.700		04/01/35		262,280
	159,000		CenterPoint Energy Resources Corp		4.500		01/15/21		166,956
	660,000		CenterPoint Energy Resources Corp		6.250		02/01/37		730,087
	1,100,000	g	CEZ AS.		4.250		04/03/22		1,165,031
	1,125,000		CMS Energy Corp		3.600		11/15/25		1,118,684
	395,000		Commonwealth Edison Co		5.900		03/15/36		476,462
	415,000		Connecticut Light & Power Co		5.500		02/01/19		455,821
	1,850,000		Consolidated Edison Co of New York, Inc		4.500		12/01/45		1,872,655
	2,825,000		Dominion Gas Holdings LLC		4.600		12/15/44		2,627,840
	260,000		Duke Energy Carolinas LLC		4.300		06/15/20		281,438
	650,000		Duke Energy Ohio, Inc		3.800		09/01/23		678,983
	1,500,000	g,i	Electricite de France		5.625		12/30/49		1,426,500
	3,400,000	g	Electricite de France S.A.		2.350		10/13/20		3,347,749
	3,400,000	g	Electricite de France S.A.		3.625		10/13/25		3,325,499
	1,300,000	g	Empresa Electrica Angamos S.A.		4.875		05/25/29		1,159,697
	1,075,000	g	Eskom Holdings SOC Ltd		5.750		01/26/21		935,237
	1,950,000	g	Exelon Corp		3.950		06/15/25		1,948,539
	1,425,000	g	Exelon Corp		5.100		06/15/45		1,421,745
	550,000		Ferrellgas Partners LP		6.750		01/15/22		463,375
	1,250,000	g	FirstEnergy Transmission LLC		4.350		01/15/25		1,267,776
	335,000		Florida Power Corp		6.400		06/15/38		428,109
	1,000,000	g	Hrvatska Elektroprivreda		5.875		10/23/22		1,010,080
	630,000		Indiana Michigan Power Co		7.000		03/15/19		714,119
	555,000		Integrys Energy Group, Inc		4.170		11/01/20		586,468
	2,000,000	g	Israel Electric Corp Ltd		5.000		11/12/24		2,038,760
	195,000	g	Kansas Gas & Electric		6.700		06/15/19		222,541
	775,000		Kinder Morgan, Inc		9.000		02/01/19		833,732
	750,000	g	Korea Hydro & Nuclear Power Co Ltd		2.375		10/28/19		742,465
	4,030,000		LG&E and KU Energy LLC		3.750		11/15/20		4,162,825
	2,500,000	g	Molex Electronic Technologies LLC		2.878		04/15/20		2,435,850
	2,100,000	g	Molex Electronic Technologies LLC		3.900		04/15/25		1,966,135
	945,000		MPLX LP		4.000		02/15/25		794,570
	630,000		Nevada Power Co		6.500		08/01/18		699,289
	700,000		NiSource Finance Corp		4.800		02/15/44		710,958
	1,025,000		Northeast Utilities		1.450		05/01/18		1,008,344
	1,975,000		Northern States Power Co		5.350		11/01/39		2,274,811
	900,000		NRG Energy, Inc		6.250		05/01/24		756,180
	1,000,000		NTPC Ltd		5.625		07/14/21		1,084,714
	1,450,000		Oncor Electric Delivery Co LLC		2.150		06/01/19		1,426,825
	150,000		Oncor Electric Delivery Co LLC		7.250		01/15/33		192,376
	925,000		Oncor Electric Delivery Co LLC		3.750		04/01/45		768,798
	2,750,000		Pacific Gas & Electric Co		4.250		03/15/46		2,662,440
	1,800,000	g	Perusahaan Gas Negara Persero Tbk PT		5.125		05/16/24		1,721,689
	1,400,000	g	PLA Administradora Industrial S de RL de C.V.		5.250		11/10/22		1,361,500
	135,000		Potomac Electric Power Co		7.900		12/15/38		197,232
	3,875,000		PPL Capital Funding, Inc		4.200		06/15/22		4,034,189
	1,000,000		PPL Electric Utilities Corp		3.000		09/15/21		1,015,756
	565,000		Progress Energy, Inc		7.050		03/15/19		641,068
	1,780,000		Public Service Co of Oklahoma		5.150		12/01/19		1,946,715
	440,000		Public Service Electric & Gas Co		5.300		05/01/18		475,510

19

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,500,000		QEP Resources, Inc		5.375	%	10/01/22	$	1,080,000
	1,150,000		Sempra Energy		2.875		10/01/22		1,113,293
	1,925,000		Southern Power Co		4.150		12/01/25		1,922,698
	2,000,000	g	SP PowerAssets Ltd		3.250		11/24/25		2,021,018
	1,700,000		Spectra Energy Partners LP		4.500		03/15/45		1,306,064
	550,000	g	Transportadora de Gas del Peru S.A.		4.250		04/30/28		514,250
	950,000	g	Transurban Finance Co Pty Ltd		4.125		02/02/26		934,599
	845,000		Virginia Electric and Power Co		2.950		01/15/22		850,421
	500,000		WEC Energy Group, Inc		3.550		06/15/25		502,895
	850,000		Williams Partners LP		3.600		03/15/22		668,810
	825,000		Williams Partners LP		4.500		11/15/23		668,236
	1,000,000		Wisconsin Power & Light Co		4.100		10/15/44		973,684
	470,000		Xcel Energy, Inc		4.800		09/15/41		472,174
			TOTAL UTILITIES						97,061,143
			TOTAL CORPORATE BONDS						1,075,587,424
			(Cost $1,097,768,364)
GOVERNMENT BONDS -  38.3%
AGENCY SECURITIES - 0.4%
	3,598,088		AMAL Ltd		3.465		08/21/21		3,751,144
	1,000,000		Amber Circle Funding Ltd		3.250		12/04/22		993,150
	10,325,000		Private Export Funding Corp (PEFCO)		2.250		03/15/20		10,402,623
	267,500		Totem Ocean Trailer Express, Inc		4.514		12/18/19		280,772
	1,800,000		UNM Sandoval Regional Medical Center		4.500		07/20/36		1,854,378
			TOTAL AGENCY SECURITIES						17,282,067
FOREIGN GOVERNMENT BONDS - 3.3%
	1,065,000	g	Banque Centrale de Tunisie S.A.		5.750		01/30/25		921,726
	977,000		Banque Centrale de Tunisie S.A.		8.250		09/19/27		1,007,053
	2,075,000	g	Brazil Minas SPE via State of Minas Gerais		5.333		02/15/28		1,561,437
BRL	4,650,000		Brazil Notas do Tesouro Nacional Serie F		10.000		01/01/21		935,605
$	725,000		Brazilian Government International Bond		4.250		01/07/25		583,625
	1,670,000		Brazilian Government International Bond		7.125		01/20/37		1,440,375
	700,000	g	Caisse d’Amortissement de la Dette Sociale		1.875		07/28/20		694,460
	1,000,000	g	Caisse d’Amortissement de la Dette Sociale		1.875		02/12/22		974,490
	2,575,000		Colombia Government International Bond		2.625		03/15/23		2,262,137
COP	1,667,000,000		Colombia Government International Bond		4.375		03/21/23		437,952
$	1,000,000		Colombia Government International Bond		4.500		01/28/26		955,000
	1,500,000	g	Costa Rica Government International Bond		7.158		03/12/45		1,256,250
	2,900,000	g	Croatia Government International Bond		6.375		03/24/21		3,079,800
	500,000	g	Croatia Government International Bond		5.500		04/04/23		507,600
DOP	63,500,000	g	Dominican Republic International Bond		10.000		01/05/17		1,396,735
$	750,000	g	Dominican Republic International Bond		5.500		01/27/25		721,875
	2,000,000	g	Ecuador Government International Bond		10.500		03/24/20		1,610,000
	1,450,000	g	Egypt Government International Bond		5.875		06/11/25		1,256,715
	395,000		European Investment Bank		4.875		02/15/36		491,205
	1,000,000		Export-Import Bank of Korea		2.250		01/21/20		984,651
	1,450,000	g	Gabonese Republic		6.950		06/16/25		1,153,040
	700,000	g	Guatemala Government Bond		4.875		02/13/28		670,250
	1,380,000		Hungary Government International Bond		5.750		11/22/23		1,544,082

20

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,500,000	g	Indonesia Government International Bond		3.375	%	04/15/23	$	1,393,863
	975,000	g	Indonesia Government International Bond		5.950		01/08/46		959,963
	1,240,000		Israel Government International Bond		4.500		01/30/43		1,243,100
	1,205,000		Italy Government International Bond		6.875		09/27/23		1,480,596
	1,050,000	g,i	Ivory Coast Government International Bond		5.750		12/31/32		933,387
	1,500,000		Jamaica Government International Bond		7.875		07/28/45		1,458,750
	925,000	g	Kazakhstan Government International Bond		5.125		07/21/25		911,606
	1,750,000	g	Kazakhstan Government International Bond		6.500		07/21/45		1,720,320
	3,000,000	g,i	Kommunalbanken AS.		0.550		02/20/18		2,994,726
	1,000,000	g	Kommuninvest I Sverige AB		2.000		11/12/19		1,007,453
	750,000		Korea Development Bank		2.500		03/11/20		753,146
	3,325,000	g	Korea Housing Finance Corp		1.625		09/15/18		3,274,300
	2,698,000		Landwirtschaftliche Rentenbank		2.000		01/13/25		2,598,333
	1,000,000	g	Lithuania Government International Bond		6.625		02/01/22		1,195,032
MXN	19,270,000		Mexican Bonos		8.000		12/07/23		1,251,454
$	1,800,000		Mexico Government International Bond		4.000		10/02/23		1,823,400
	800,000	g	Morocco Government International Bond		4.250		12/11/22		792,000
	350,000	g	Municipality Finance plc		1.750		05/21/19		350,214
	1,825,000	g	Namibia International Bonds		5.250		10/29/25		1,697,250
	1,843,000	g	Nigeria Government International Bond		6.375		07/12/23		1,621,840
	1,000,000	g	Pakistan Government International Bond		8.250		09/30/25		1,016,158
	1,000,000		Panama Government International Bond		4.000		09/22/24		1,000,000
	1,650,000		Panama Government International Bond		3.750		03/16/25		1,617,000
	275,000		Panama Government International Bond		4.300		04/29/53		234,094
	1,800,000		Peruvian Government International Bond		4.125		08/25/27		1,764,000
	1,000,000		Philippine Government International Bond		4.200		01/21/24		1,083,186
	1,000,000		Philippine Government International Bond		5.000		01/13/37		1,165,785
	1,833,000		Poland Government International Bond		5.125		04/21/21		2,040,661
	900,000		Poland Government International Bond		4.000		01/22/24		946,800
	620,000		Province of Quebec Canada		7.500		09/15/29		892,305
	900,000	g	Republic of Angola		9.500		11/12/25		837,000
	525,000	g	Republic of Azerbaijan International Bond		4.750		03/18/24		489,709
	1,500,000	g	Republic of Ghana		8.125		01/18/26		1,170,300
	2,000,000	g	Republic of Latvia		5.250		02/22/17		2,090,600
	1,700,000	g	Republic of Paraguay		4.625		01/25/23		1,649,000
	625,000	g	Republic of Paraguay		6.100		08/11/44		596,875
	600,000	g	Republic of Serbia		5.875		12/03/18		631,200
	2,300,000	g	Russian Foreign Bond - Eurobond		4.875		09/16/23		2,336,800
	200,000	g	Russian Foreign Bond - Eurobond		5.625		04/04/42		189,200
	2,000,000	g	Slovenia Government International Bond		5.500		10/26/22		2,232,368
ZAR	50,676,000		South Africa Government Bond		8.250		09/15/17		3,266,267
$	1,175,000		South Africa Government International Bond		5.500		03/09/20		1,205,959
	5,000,000		South Africa Government International Bond		5.875		09/16/25		5,111,050
	1,550,000	g	Sri Lanka Government International Bond		6.850		11/03/25		1,460,064
	250,000		Svensk Exportkredit AB		1.750		08/28/20		245,649
	2,100,000		Turkey Government International Bond		6.750		04/03/18		2,259,600
	2,500,000		Turkey Government International Bond		3.250		03/23/23		2,290,140
	275,000		Turkey Government International Bond		5.750		03/22/24		290,543
	750,000		Turkey Government International Bond		4.250		04/14/26		703,164
	373,000		Uruguay Government International Bond		4.500		08/14/24		378,595
	1,025,000		Uruguay Government International Bond		4.375		10/27/27		1,007,063
	1,000,000		Uruguay Government International Bond		5.100		06/18/50		862,500

21

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	400,000	g	Zambia Government International Bond		8.970	%	07/30/27	$	315,480
			TOTAL FOREIGN GOVERNMENT BONDS						99,285,911
MORTGAGE BACKED - 19.5%
	125,470		Federal Home Loan Mortgage Corp (FHLMC)		3.500		08/15/34		129,084
	4,390,182		FHLMC		3.000		01/15/41		4,494,841
	9,820,498		FHLMC		3.000		09/15/42		9,790,638
	854,768	i	FHLMC		0.681		10/15/42		858,034
	2,613,249	i	FHLMC		0.681		07/15/45		2,621,224
	13,434,162		Federal Home Loan Mortgage Corp (FHLMC)		3.500		10/01/45		13,874,197
	236		FGLMC		7.500		01/01/16		236
	30		FGLMC		7.500		05/01/16		30
	28		FGLMC		7.500		06/01/16		28
	6,202		FGLMC		7.000		10/01/20		6,554
	233		FGLMC		6.500		10/01/28		266
	5,939		FGLMC		6.500		01/01/29		6,763
	2,074		FGLMC		6.500		03/01/29		2,362
	28,686		FGLMC		6.500		07/01/29		32,668
	1,343		FGLMC		8.000		01/01/31		1,537
	13,000,000	h	FGLMC		3.000		01/15/31		13,393,782
	7,000,000	h	FGLMC		3.500		01/15/31		7,315,589
	11,352		FGLMC		6.500		09/01/31		13,224
	29,968		FGLMC		8.000		09/01/31		33,514
	125,890		FGLMC		7.000		12/01/31		136,277
	172,709		FGLMC		4.500		07/01/33		186,772
	559,344		FGLMC		5.000		09/01/33		622,977
	219,572		FGLMC		5.500		09/01/33		247,413
	233,219		FGLMC		5.500		09/01/33		261,710
	358,186		FGLMC		5.500		10/01/33		403,945
	464,244		FGLMC		5.500		12/01/33		515,722
	1,077,225		FGLMC		7.000		12/01/33		1,269,545
	255,019		FGLMC		5.000		01/01/34		283,414
	396,854		FGLMC		4.500		04/01/35		428,491
	387,455		FGLMC		7.000		05/01/35		461,206
	66,905		FGLMC		5.000		02/01/36		73,454
	1,453		FGLMC		6.500		05/01/36		1,654
	316,916		FGLMC		5.000		04/01/38		350,615
	293,419		FGLMC		5.000		07/01/39		320,958
	2,866,383		FGLMC		4.500		11/01/40		3,152,095
	3,226,086		FGLMC		4.500		12/01/40		3,537,806
	5,223,144		FGLMC		4.000		08/01/44		5,573,827
	347,952		FGLMC		4.500		11/01/44		382,880
	263,969		FGLMC		4.500		11/01/44		290,173
	204,319		FGLMC		4.500		12/01/44		224,532
	143,119		FGLMC		4.500		12/01/44		155,558
	1,962,367		FGLMC		3.500		04/01/45		2,027,737
	5,872,416		FGLMC		3.500		07/01/45		6,054,564
	9,000,000	h	FGLMC		3.500		01/15/46		9,261,558
	11,000,000	h	FGLMC		4.000		01/15/46		11,617,403
	678		Federal National Mortgage Association (FNMA)		8.000		07/01/24		800
	496		FNMA		7.500		01/01/29		566
	1,255		FNMA		6.500		04/01/29		1,434

22

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	10,653		FNMA		7.500	%	07/01/29	$	10,987
	1,227,521		FNMA		3.000		01/01/30		1,266,917
	1,641,136		FNMA		3.000		06/01/30		1,693,926
	2,759,657		FNMA		3.000		07/01/30		2,848,538
	6,000,000	h	FNMA		2.500		01/25/31		6,046,145
	10,000,000	h	FNMA		3.000		01/25/31		10,299,641
	538		FNMA		7.500		02/01/31		560
	14,000,000	h	FNMA		2.500		02/25/31		14,081,968
	2,449		FNMA		7.500		03/01/31		2,942
	741		FNMA		7.500		05/01/31		749
	749		FNMA		6.500		09/01/31		856
	11,586		FNMA		6.500		11/01/31		13,474
	191,282		FNMA		6.500		07/01/32		220,622
	50,892		FNMA		4.500		03/25/33		51,532
	2,725,961		FNMA		5.000		06/01/33		3,015,280
	4,727,515		FNMA		5.000		10/01/33		5,228,730
	2,030,835		FNMA		5.500		03/01/34		2,286,019
	44,340		FNMA		6.000		11/01/34		50,059
	9,920,820		FNMA		3.000		01/01/35		10,127,078
	2,802,791		FNMA		5.000		05/01/35		3,093,416
	2,098,850		FNMA		5.000		10/01/35		2,315,440
	13,966		FNMA		5.000		11/01/35		14,377
	789,126		FNMA		5.500		08/01/37		886,012
	214,558		FNMA		6.000		09/01/37		245,246
	924,180		FNMA		5.500		11/01/38		1,074,976
	46,559		FNMA		4.500		04/01/39		51,049
	147,945		FNMA		4.000		07/01/39		157,473
	854,157		FNMA		5.500		08/01/39		966,289
	403,112		FNMA		4.500		10/01/39		436,084
	93,862		FNMA		4.500		02/01/40		102,366
	2,393,295		FNMA		4.500		03/01/40		2,613,907
	448,601		FNMA		4.500		06/01/40		485,456
	682,861		FNMA		5.000		08/01/40		753,428
	1,407,507		FNMA		5.000		09/01/40		1,551,978
	28,267		FNMA		6.000		10/01/40		31,950
	198,375		FNMA		4.500		11/01/40		216,347
	372,611		FNMA		4.500		01/01/41		408,724
	278,601		FNMA		4.500		02/01/41		302,916
	1,688,426		FNMA		5.000		05/01/41		1,864,309
	320,313		FNMA		4.500		06/01/41		351,361
	348,388		FNMA		4.500		06/01/41		379,928
	1,945,169		FNMA		5.000		07/01/41		2,154,851
	4,319,564		FNMA		3.000		08/25/41		4,407,121
	981,430		FNMA		4.500		11/01/41		1,061,231
	324,483		FNMA		4.500		12/01/41		353,987
	9,576,052		FNMA		5.500		12/01/41		10,951,672
	352,687		FNMA		4.500		01/01/42		384,706
	1,566,298		FNMA		3.500		02/01/42		1,619,334
	2,771,017		FNMA		4.500		02/01/42		2,996,755
	301,039		FNMA		4.500		03/01/42		330,295
	1,566,580		FNMA		4.500		04/01/42		1,694,637
	361,198		FNMA		4.500		04/01/42		394,074

23

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	3,985,047		FNMA		4.500	%	06/01/42	$	4,310,163
	421,968		FNMA		4.500		06/01/42		460,614
	13,851,884		FNMA		3.500		07/01/42		14,315,993
	327,311		FNMA		4.500		07/01/42		359,117
	2,013,555	i	FNMA		0.922		08/25/42		2,027,819
	348,619		FNMA		3.000		10/01/42		349,743
	40,480		FNMA		3.000		10/01/42		40,574
	41,986		FNMA		3.000		10/01/42		42,114
	105,144		FNMA		3.000		11/01/42		105,369
	1,863,289	i	FNMA		0.822		11/25/42		1,857,206
	6,933,415		FNMA		3.500		11/25/42		1,345,373
	51,633		FNMA		3.000		12/01/42		51,660
	6,600		FNMA		3.000		12/01/42		6,617
	4,670,915		FNMA		3.000		01/01/43		4,680,095
	2,127,766		FNMA		3.000		01/01/43		2,132,605
	5,911,905		FNMA		3.000		02/01/43		5,923,264
	119,513		FNMA		3.000		02/01/43		119,721
	2,849,350		FNMA		3.000		02/01/43		2,854,938
	3,993,908		FNMA		3.000		02/25/43		4,084,943
	23,970		FNMA		3.000		03/01/43		24,014
	43,344		FNMA		3.000		03/01/43		43,419
	122,185		FNMA		3.000		03/01/43		122,397
	28,442		FNMA		3.000		03/01/43		28,491
	1,222,206	i	FNMA		0.772		03/25/43		1,221,291
	39,863		FNMA		3.000		04/01/43		39,932
	58,718		FNMA		3.000		04/01/43		58,820
	24,845		FNMA		3.000		04/01/43		24,858
	61,855		FNMA		3.000		04/01/43		61,965
	2,659		FNMA		3.000		04/01/43		2,664
	10,716		FNMA		3.000		04/01/43		10,734
	31,080		FNMA		3.000		04/01/43		31,191
	13,166		FNMA		3.000		04/01/43		13,190
	35,911		FNMA		3.000		04/01/43		35,976
	1,799,739		FNMA		3.000		05/01/43		1,802,995
	3,953,465		FNMA		3.000		08/25/43		4,046,331
	5,109,724		FNMA		4.000		11/01/43		5,468,506
	2,631,256		FNMA		4.000		04/01/44		2,799,615
	874,635		FNMA		4.000		06/01/44		931,017
	1,034,306		FNMA		4.000		06/01/44		1,100,280
	7,281,205		FNMA		4.500		06/01/44		8,010,185
	2,078,391		FNMA		4.500		06/01/44		2,286,751
	300,732		FNMA		4.000		07/01/44		320,124
	962,684		FNMA		4.000		07/01/44		1,024,716
	414,526		FNMA		4.000		08/01/44		441,269
	1,426,833		FNMA		4.000		08/01/44		1,518,780
	3,006,285		FNMA		4.000		08/01/44		3,200,031
	1,821,748		FNMA		4.000		08/01/44		1,939,139
	4,478,668		FNMA		4.500		08/01/44		4,926,875
	288,575		FNMA		4.000		09/01/44		307,186
	234,358		FNMA		4.000		09/01/44		249,489
	1,101,438		FNMA		4.000		10/01/44		1,172,452
	5,839,732		FNMA		4.500		10/01/44		6,424,853

24

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,007,990		FNMA		3.500	%	11/01/44	$	1,041,588
	4,550,215		FNMA		4.500		11/01/44		5,005,333
	1,197,258		FNMA		4.000		12/01/44		1,278,278
	1,544,898		FNMA		4.000		12/01/44		1,648,246
	2,851,223		FNMA		4.000		12/01/44		3,035,259
	979,037		FNMA		4.500		12/01/44		1,077,203
	1,007,547		FNMA		4.000		01/01/45		1,072,934
	9,542,392		FNMA		4.000		01/01/45		10,216,082
	1,922,392		FNMA		3.500		02/01/45		1,986,469
	597,846		FNMA		3.500		03/01/45		617,774
	816,313		FNMA		3.500		03/01/45		843,521
	349,426		FNMA		3.500		03/01/45		361,670
	582,392		FNMA		3.500		03/01/45		602,798
	1,161,855		FNMA		3.500		04/01/45		1,200,583
	613,662		FNMA		3.500		04/01/45		633,400
	462,515		FNMA		3.500		04/01/45		477,933
	3,720,011		FNMA		3.500		04/01/45		3,844,004
	259,027		FNMA		3.500		04/01/45		267,660
	4,423,038		FNMA		3.500		05/01/45		4,580,072
	605,137		FNMA		4.000		05/01/45		644,439
	1,116,732		FNMA		3.500		06/01/45		1,153,954
	1,343,304		FNMA		4.000		06/01/45		1,430,586
	6,726,891		FNMA		4.000		07/01/45		7,152,018
	940,771		FNMA		4.000		11/01/45		1,001,969
	998,257		FNMA		4.000		12/01/45		1,063,246
	20,000,000	h	FNMA		3.000		01/25/46		19,993,042
	18,000,000	h	FNMA		3.500		01/25/46		18,565,131
	12,000,000	h	FNMA		4.000		01/25/46		12,694,927
	6,000,000	h	FNMA		5.000		01/25/46		6,603,474
	14,000,000	h	FNMA		3.000		02/25/46		13,967,239
	7,000,000	h	FNMA		3.500		02/25/46		7,204,734
	6,000,000	h	FNMA		4.000		02/25/46		6,335,745
	10,000,000	h	FNMA		4.500		02/25/46		10,780,507
	5,000,000	h	FNMA		5.000		02/25/46		5,497,036
	19,000,000	h	FNMA		3.500		03/25/46		19,505,981
	14,000,000	h	FNMA		4.000		03/25/46		14,748,131
	109		Government National Mortgage Association (GNMA)		7.000		01/15/28		122
	1,641		GNMA		7.000		02/15/28		1,683
	577		GNMA		7.000		06/15/28		595
	1,101		GNMA		7.000		06/15/28		1,212
	5,968		GNMA		6.500		09/15/28		6,828
	1,666		GNMA		6.500		09/15/28		1,906
	7,774		GNMA		6.500		11/15/28		8,894
	2,994		GNMA		7.500		11/15/28		3,359
	556		GNMA		8.500		07/15/30		561
	16,978		GNMA		8.500		10/15/30		18,119
	8,927		GNMA		8.500		10/20/30		10,627
	1,081		GNMA		8.500		12/15/30		1,359
	1,872		GNMA		7.000		06/20/31		2,260
	1,887		GNMA		6.500		07/15/31		2,159
	3,872		GNMA		7.000		07/15/31		4,014
	3,872		GNMA		7.000		07/15/31		4,294

25

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	682		GNMA		6.500	%	03/15/33	$	781
	108,086		GNMA		5.500		07/15/33		122,909
	410,310		GNMA		5.500		09/15/33		469,017
	111,980		GNMA		5.500		02/20/35		124,916
	658,163		GNMA		5.500		05/20/35		733,448
	208,172		GNMA		5.500		02/20/36		231,972
	33,546		GNMA		6.000		10/20/36		37,909
	36,109		GNMA		6.000		01/20/37		40,841
	121,642		GNMA		6.000		02/20/37		137,498
	34,867		GNMA		5.500		07/15/38		38,855
	231,436		GNMA		5.500		07/20/38		255,005
	89,294		GNMA		6.000		08/20/38		99,905
	112,169		GNMA		6.500		11/20/38		128,402
	801,854		GNMA		5.000		06/15/39		897,983
	1,626,760		GNMA		4.500		09/20/39		1,782,047
	409,121		GNMA		3.500		12/15/41		427,997
	9,207,252		GNMA		3.500		10/20/42		1,831,361
	1,742,443		GNMA		3.500		07/15/43		1,822,522
	1,031,435		GNMA		3.500		02/15/45		1,078,970
	2,683,297		GNMA		4.000		04/15/45		2,855,865
	2,806,775		GNMA		4.000		04/15/45		2,982,969
	5,713,874		GNMA		4.000		05/15/45		6,073,888
	9,797,150		GNMA		4.000		06/15/45		10,415,827
	496,623		GNMA		3.500		07/15/45		519,607
	14,000,000	h	GNMA		3.000		01/20/46		14,184,734
	21,000,000	h	GNMA		3.500		01/20/46		21,884,406
	4,000,000	h	GNMA		3.000		02/20/46		4,044,187
	9,000,000	h	GNMA		3.500		02/20/46		9,357,235
	6,000,000	h	GNMA		3.000		03/20/46		6,053,156
	9,000,000	h	GNMA		3.500		03/20/46		9,335,437
			TOTAL MORTGAGE BACKED						583,245,446
MUNICIPAL BONDS - 1.2%
	4,265,000		Denver City & County School District No. 1		3.598		12/15/27		4,301,167
	3,000,000		State of Illinois		4.833		02/01/17		3,068,520
	12,000,000		State of Illinois		4.350		06/01/18		12,267,000
	1,845,000		State of Illinois		4.700		01/01/21		1,902,010
	2,560,000		State of Illinois		3.860		04/01/21		2,536,474
	3,030,000		State of Illinois		4.110		04/01/22		2,865,289
	2,195,000		State of Illinois		4.310		04/01/23		2,094,710
	3,470,000		State of Illinois		4.760		04/01/26		3,273,772
	1,763,000		State Public School Building Authority		5.000		09/15/27		1,894,185
	1,250,000		Texas Public Finance Authority		5.250		07/01/17		1,243,475
			TOTAL MUNICIPAL BONDS						35,446,602
U.S. TREASURY SECURITIES - 13.9%
	2,560,000		United States Treasury Bond		5.250		11/15/28		3,345,185
	5,000,000		United States Treasury Bond		4.500		02/15/36		6,399,190
	2,250,000		United States Treasury Bond		4.750		02/15/37		2,977,832
	37,050,000		United States Treasury Bond		3.500		02/15/39		40,903,089
	16,015,000		United States Treasury Bond		3.875		08/15/40		18,687,663
	6,685,000		United States Treasury Bond		2.875		05/15/43		6,504,385

26

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	53,050,000		United States Treasury Bond		2.875	%	08/15/45	$	51,423,275
	54,000,000		United States Treasury Bond		3.000		11/15/45		53,736,048
	3,100,000		United States Treasury Note		0.625		07/31/17		3,082,783
	4,500,000		United States Treasury Note		0.625		09/30/17		4,469,090
	1,565,000		United States Treasury Note		0.875		01/31/18		1,557,325
	23,348,700		United States Treasury Note		1.500		08/31/18		23,507,611
	20,163,000		United States Treasury Note		1.250		12/15/18		20,123,198
	28,744,000		United States Treasury Note		1.625		07/31/20		28,614,020
	46,083,200		United States Treasury Note		1.625		11/30/20		45,822,047
	310,000		United States Treasury Note		2.125		01/31/21		314,675
	2,415,000		United States Treasury Note		2.000		05/31/21		2,431,975
	280,000		United States Treasury Note		2.000		08/31/21		281,292
	24,500,000		United States Treasury Note		1.750		02/28/22		24,155,114
	6,885,000		United States Treasury Note		1.750		03/31/22		6,779,900
	1,900,000		United States Treasury Note		1.750		04/30/22		1,869,781
	1,930,000		United States Treasury Note		2.125		06/30/22		1,940,173
	4,590,000		United States Treasury Note		2.000		07/31/22		4,578,011
	6,547,000		United States Treasury Note		1.875		08/31/22		6,471,899
	20,000,000		United States Treasury Note		1.750		09/30/22		19,603,600
	35,774,600		United States Treasury Note		2.250		11/15/25		35,694,536
			TOTAL U.S. TREASURY SECURITIES						415,273,697
			TOTAL GOVERNMENT BONDS						1,150,533,723
			(Cost $1,156,287,116)
STRUCTURED ASSETS - 18.9%
ASSET BACKED - 6.3%
	366,891	i	ACE Securities Corp Home Equity Loan Trust		1.157		08/25/35		362,117
			Series - 2005 HE5 (Class M2)
	425,533		AmeriCredit Automobile Receivables Trust		3.440		10/08/17		425,988
			Series - 2011 5 (Class C)
	1,179,344		AmeriCredit Automobile Receivables Trust		1.310		11/08/17		1,179,374
			Series - 2012 4 (Class B)
	10,881,000		AmeriCredit Automobile Receivables Trust		1.570		01/08/19		10,872,720
			Series - 2013 1 (Class C)
	8,207,000		AmeriCredit Automobile Receivables Trust		3.000		07/08/19		8,305,999
			Series - 2013 3 (Class D)
	1,845,000		AmeriCredit Automobile Receivables Trust		3.340		08/08/21		1,825,854
			Series - 2015 3 (Class D)
	55,677	g	Asset Backed Funding Corp NIM Trust		5.900		07/26/35		1
			Series - 2006 WMC1 (Class N1)
	672,803	i	Asset Backed Securities Corp Home Equity Loan Trust		0.635		07/25/35		670,496
			Series - 2005 HE7 (Class M2)
	2,220,000	g	Avis Budget Rental Car Funding AESOP LLC		5.110		03/20/17		2,227,421
			Series - 2010 5A (Class B)
	9,300,000	g	Avis Budget Rental Car Funding AESOP LLC		4.740		11/20/17		9,419,852
			Series - 2011 3A (Class B)
	1,000,000	g	Avis Budget Rental Car Funding AESOP LLC		4.720		02/20/18		1,018,219
			Series - 2011 5A (Class B)
	9,800,000	g	Avis Budget Rental Car Funding AESOP LLC		3.040		03/20/19		9,751,317
			Series - 2012 3A (Class B)

27

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	5,021	i	Bear Stearns Asset Backed Securities Trust		1.162	%	11/25/39	$	5,018
			Series - 2005 SD3 (Class 2A1)
	352,813		Capital Auto Receivables Asset Trust		0.790		06/20/17		352,715
			Series - 2013 1 (Class A3)
	11,383,353	g	Capital Automotive REIT		4.700		07/15/42		11,657,050
			Series - 2012 1A (Class A)
	6,000,000	g	Capital Automotive REIT		3.660		10/15/44		6,028,978
			Series - 2014 1A (Class A)
	7,138,647	g,i	CBRE Realty Finance CDO		0.623		04/07/52		2,748,379
			Series - 2007 1A (Class A2)
	2,797,437	i,m	CCR, Inc		0.738		07/10/17		2,767,588
			Series - 2010 CX (Class C)
	201,505	i	CIT Group Home Equity Loan Trust		6.200		02/25/30		200,904
			Series - 2002 1 (Class AF6) (Step Bond)
	10,719,000	g	DB Master Finance LLC		3.262		02/20/45		10,606,388
			Series - 2015 1A (Class A2I)
	6,410,000	g,i	DB/UBS Mortgage Trust		5.663		11/10/46		7,054,163
			Series - 2011 LC1A (Class C)
	13,765,350	g	Domino’s Pizza Master Issuer LLC		5.216		01/25/42		14,161,354
			Series - 2012 1A (Class A2)
	3,000,000	g	Domino’s Pizza Master Issuer LLC		3.484		10/25/45		2,940,000
			Series - 2015 1A (Class A2I)
	1,000,000	g	Domino’s Pizza Master Issuer LLC		4.474		10/25/45		986,410
			Series - 2015 1A (Class A2II)
	2,233,333	g	Hertz Vehicle Financing LLC		3.740		02/25/17		2,240,305
			Series - 2010 1A (Class A2)
	10,000,000	g	Hertz Vehicle Financing LLC		1.120		08/25/17		9,977,585
			Series - 2013 1A (Class A1)
	5,000,000	g	Hertz Vehicle Financing LLC		1.860		08/25/17		4,982,221
			Series - 2013 1A (Class B1)
	2,000,000	g	Hertz Vehicle Financing LLC		4.960		03/25/18		2,033,968
			Series - 2011 1A (Class B2)
	841,288	i	Lehman XS Trust		0.672		02/25/36		803,903
			Series - 2006 1 (Class 1A1)
	1,993,997	i	Lehman XS Trust		6.500		06/25/46		1,515,581
			Series - 2006 13 (Class 2A1)
	1,000,000	g,i	Longpoint Re Ltd		4.363		05/18/16		1,004,600
			Series - 2013 144A (Class )
	968,590	g	Orange Lake Timeshare Trust		3.030		07/09/29		958,988
			Series - 2014 AA (Class B)
	104,404	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		1.367		09/25/34		104,614
			Series - 2004 WHQ1 (Class M1)
	934,819	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		1.202		01/25/36		928,836
			Series - 2005 WCH1 (Class M2)
	27,495	i	Residential Asset Securities Corp		6.489		10/25/30		27,685
			Series - 2001 KS2 (Class AI6)
	25,413	i	Residential Asset Securities Corp		1.067		04/25/35		25,425
			Series - 2005 KS3 (Class M3)
	185,000	i	Residential Funding Mortgage Securities II, Inc		6.060		02/25/36		192,436
			Series - 2006 HI1 (Class M2)

28

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	3,000,000	g,i	Sanders Re Ltd		4.163	%	05/05/17	$	2,991,300
			Series - 2013 144A (Class )
	5,070,859		Santander Drive Auto Receivables Trust		4.740		09/15/17		5,110,871
			Series - 2011 4 (Class D)
	9,750,000		Santander Drive Auto Receivables Trust		3.870		02/15/18		9,855,597
			Series - 2012 2 (Class D)
	3,425,000		Santander Drive Auto Receivables Trust		1.590		10/15/18		3,423,548
			Series - 2014 1 (Class B)
	1,000,000		Santander Drive Auto Receivables Trust		2.270		01/15/19		1,000,127
			Series - 2013 2013-1 (Class D)
	800,000		Santander Drive Auto Receivables Trust		1.960		05/15/20		793,007
			Series - 2015 5 (Class B)
	800,000		Santander Drive Auto Receivables Trust		2.740		12/15/21		793,462
			Series - 2015 5 (Class C)
	308,598	i	Securitized Asset Backed Receivables LLC		0.722		10/25/35		306,771
			Series - 2006 OP1 (Class A2C)
	427,702	g	Sierra Receivables Funding Co LLC		3.350		04/20/26		428,021
			Series - 2011 1A (Class A)
	409,453	g	Sierra Receivables Funding Co LLC		4.250		05/20/28		411,745
			Series - 2011 2A (Class B)
	693,847	g	Sierra Receivables Funding Co LLC		3.420		03/20/29		698,938
			Series - 2012 2A (Class B)
	4,399,394	g	Sierra Receivables Funding Co LLC		1.590		11/20/29		4,326,237
			Series - 2013 1A (Class A)
	1,065,116	g	Sierra Receivables Funding Co LLC		2.390		11/20/29		1,055,736
			Series - 2013 1A (Class B)
	9,506,320	g	Sierra Receivables Funding Co LLC		3.050		03/22/32		9,402,018
			Series - 2015 1A (Class B)
	2,713,000	g	SLM Student Loan Trust		4.540		10/17/44		2,827,256
			Series - 2011 C (Class A2B)
	2,233,000	g	SLM Student Loan Trust		3.830		01/17/45		2,302,198
			Series - 2012 A (Class A2)
	2,739,396	g	SolarCity LMC		4.800		11/20/38		2,894,642
			Series - 2013 1 (Class A)
	2,211,040	g	SolarCity LMC		4.020		07/20/44		2,101,373
			Series - 2014 2 (Class A)
	66,547	i	Soundview Home Equity Loan Trust		0.722		11/25/35		66,460
			Series - 2005 OPT3 (Class A4)
	8,689,457	g	SpringCastle America Funding LLC		2.700		05/25/23		8,669,939
			Series - 2014 AA (Class A)
	1,108,692	g,i	Structured Asset Securities Corp Mortgage Loan Trust		0.642		10/25/36		1,100,423
			Series - 2006 GEL4 (Class A2)
	5,800,000	g,i	Vitality Re IV Ltd		2.913		01/09/17		5,831,320
			Series - 2013 IV B (Class )
	145,810	g,i	Wachovia Loan Trust		0.782		05/25/35		142,059
			Series - 2005 SD1 (Class A)
	29,783	i	Wells Fargo Home Equity Trust		0.562		07/25/36		29,755
			Series - 2006 2 (Class A3)
	6,483,750	g	Wendys Funding LLC		3.371		06/15/45		6,326,116
			Series - 2015 1A (Class A2I)
			TOTAL ASSET BACKED						203,253,371

29

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
OTHER MORTGAGE BACKED - 12.6%
$	3,247,209	g	7 WTC Depositor LLC Trust		4.082	%	03/13/31	$	3,306,922
			Series - 2012 7WTC (Class A)
	2,117,463	i	American Home Mortgage Investment Trust		1.980		10/25/34		2,080,431
			Series - 2004 3 (Class 4A)
	791,000	i	Banc of America Commercial Mortgage Trust		5.869		05/10/45		771,809
			Series - 2006 2 (Class C)
	11,122,000		Banc of America Commercial Mortgage Trust		5.480		10/10/45		10,910,167
			Series - 2006 6 (Class B)
	500,000	g	Banc of America Commercial Mortgage Trust		5.416		01/15/49		511,573
			Series - 2007 1 (Class AM)
	6,250,000	g,i	Banc of America Commercial Mortgage Trust		5.821		02/10/51		5,692,441
			Series - 2007 4 (Class E)
	1,154,000	g,i	Bear Stearns Commercial Mortgage Securities		5.759		02/13/42		1,194,877
			Series - 2005 T18 (Class F)
	9,826,000	i	Bear Stearns Commercial Mortgage Securities		5.920		09/11/42		10,369,695
			Series - 2007 T28 (Class AJ)
	1,000,000	g,i	Bear Stearns Commercial Mortgage Securities Trust		5.294		02/11/41		968,343
			Series - 2005 PWR7 (Class E)
	700,000	g,i	Bear Stearns Commercial Mortgage Securities Trust		5.387		02/13/46		715,541
			Series - 2004 T16 (Class G)
	2,152,745	i	CHL Mortgage Pass-Through Trust		2.671		02/20/35		2,142,323
			Series - 2004 HYB9 (Class 1A1)
	245,616	i	Citigroup Commercial Mortgage Trust		5.713		12/10/49		248,220
			Series - 2007 C6 (Class ASB)
	6,124,831	g,i	Citigroup Mortgage Loan Trust		0.401		05/25/37		5,855,849
			Series - 2015 8 (Class 1A1)
	12,750,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		12,835,930
			Series - 2007 C3 (Class AJ)
	9,615,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		10,092,693
			Series - 2007 C3 (Class AM)
	8,028,000	g,i	COMM 2007-C9 Mortgage Trust		5.796		12/10/49		7,932,831
			Series - 2007 C9 (Class G)
	3,365,000	i	COMM Mortgage Trust		5.796		12/10/49		3,388,604
			Series - 2007 C9 (Class C)
	811,549	i	Commercial Mortgage Trust		5.238		04/10/37		810,843
			Series - 2005 GG5 (Class AJ)
	23,805,000	i	Commercial Mortgage Trust		5.867		12/10/49		24,727,689
			Series - 2007 GG11 (Class AM)
	135,624		Countrywide Alternative Loan Trust		5.500		08/25/16		136,541
			Series - 2004 30CB (Class 1A15)
	668,000	g,i	Credit Suisse Commercial Mortgage Trust		5.415		02/25/21		675,001
			Series - 2006 K1A (Class H)
	5,000,000	i	Credit Suisse Commercial Mortgage Trust		5.538		09/15/39		4,842,328
			Series - 2006 C4 (Class AJ)
	4,000,000	i	Credit Suisse Commercial Mortgage Trust		5.903		09/15/39		4,034,061
			Series - 2007 C4 (Class A1AJ)
	6,000,000	i	Credit Suisse Commercial Mortgage Trust		5.949		09/15/39		6,060,967
			Series - 2007 C4 (Class AJ)
	1,500,000		Credit Suisse Commercial Mortgage Trust		5.343		12/15/39		1,529,643
			Series - 2006 C5 (Class AM)
	820,000	g	Credit Suisse Commercial Mortgage Trust		5.383		02/15/40		834,745
			Series - 2009 RR1 (Class A3C)

30

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	5,000,000	i	Credit Suisse Commercial Mortgage Trust		5.625	%	01/15/49	$	4,839,658
			Series - 2007 C2 (Class AJ)
	140,486		Credit Suisse First Boston Mortgage Securities Corp		4.771		07/15/37		140,397
			Series - 2005 C3 (Class AJ)
	584,076	i	Credit Suisse First Boston Mortgage Securities Corp		5.100		08/15/38		583,768
			Series - 2005 C5 (Class C)
	15,585,000		Credit Suisse Mortgage Capital Certificates		5.509		09/15/39		15,875,995
			Series - 2006 C4 (Class AM)
	86,043,391	i	CSAIL 2015-C3 Commercial Mortgage Trust		0.891		08/15/48		4,762,467
			Series - 2015 C3 (Class XA)
	1,000,000	i	GS Mortgage Securities Trust		5.553		04/10/38		1,000,730
			Series - 2006 GG6 (Class B)
	698,822	i	Harborview Mortgage Loan Trust		0.622		07/19/47		569,487
			Series - 2007 4 (Class 2A1)
	429,807	i	Impac CMB Trust		1.082		03/25/35		398,292
			Series - 2004 11 (Class 2A1)
	765,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		4.911		07/15/42		764,942
			Series - 2005 LDP2 (Class C)
	6,950,000	g,i	JP Morgan Chase Commercial Mortgage Securities Trust		5.544		02/15/46		7,373,812
			Series - 2011 C3 (Class D)
	2,035,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		6.192		02/15/51		2,141,152
			Series - 2007 LD12 (Class AM)
	1,300,000	i	LB-UBS Commercial Mortgage Trust		6.049		06/15/38		1,320,144
			Series - 2006 C4 (Class B)
	1,000,000	i	LB-UBS Commercial Mortgage Trust		5.737		03/15/39		998,847
			Series - 2006 C3 (Class C)
	2,000,000	i	LB-UBS Commercial Mortgage Trust		5.533		02/15/40		2,003,054
			Series - 2007 C1 (Class C)
	7,500,000	i	LB-UBS Commercial Mortgage Trust		5.563		02/15/40		7,345,047
			Series - 2007 C1 (Class D)
	1,995,000	i	LB-UBS Commercial Mortgage Trust		6.114		07/15/40		2,083,406
			Series - 2007 C6 (Class AM)
	4,763,376	g,i	LVII Resecuritization Trust		3.033		07/31/47		4,763,376
			Series - 2015 A (Class A)
	580,000	i	Merrill Lynch Mortgage Trust		6.267		02/12/51		615,251
			Series - 0 C1 (Class AJA)
	7,854,300	i	ML-CFC Commercial Mortgage Trust		5.526		03/12/51		8,019,640
			Series - 2007 6 (Class AM)
	1,790,000	g,i	Morgan Stanley Capital I Trust		5.847		08/12/41		1,815,204
			Series - 2006 T23 (Class B)
	6,025,387	i	Morgan Stanley Capital I Trust		5.389		11/12/41		6,045,258
			Series - 2006 HQ10 (Class AJ)
	5,304,000	i	Morgan Stanley Capital I Trust		5.793		07/12/44		5,379,898
			Series - 2006 HQ9 (Class AJ)
	1,821,000	i	Morgan Stanley Capital I Trust		5.832		07/12/44		1,836,631
			Series - 2006 HQ9 (Class B)
	3,206,000	i	Morgan Stanley Capital I Trust		5.842		07/12/44		3,192,069
			Series - 2006 HQ9 (Class C)
	9,033,000	i	Morgan Stanley Capital I Trust		5.861		04/12/49		8,996,864
			Series - 2007 HQ12 (Class C)
	3,500,000	i	Morgan Stanley Capital I Trust		5.907		06/11/49		3,485,846
			Series - 2007 IQ15 (Class AJ)

31

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	4,000,000	i	Morgan Stanley Capital I Trust		5.907	%	06/11/49	$	4,188,916
			Series - 2007 IQ15 (Class AM)
	2,670,000	i	Morgan Stanley Capital I Trust		6.115		12/12/49		2,547,087
			Series - 2007 IQ16 (Class AJ)
	3,000,000	g,i	Morgan Stanley Capital I Trust		5.325		10/12/52		2,994,486
			Series - 2006 T21 (Class B)
	2,931		Residential Accredit Loans, Inc		4.350		03/25/34		2,928
			Series - 2004 QS4 (Class A1)
	2,375,000	i	Structured Agency Credit Risk Debt Note (STACR)		2.622		09/25/24		2,349,652
			Series - 2014 HQ2 (Class M2)
	496,154	i	Structured Agency Credit Risk Debt Note (STACR)		1.672		01/25/25		496,564
			Series - 2015 DN1 (Class M1)
	1,250,000	i	Structured Agency Credit Risk Debt Note (STACR)		2.822		01/25/25		1,269,125
			Series - 2015 DN1 (Class M2)
	9,000,000	i	Structured Agency Credit Risk Debt Note (STACR)		2.622		03/25/25		8,974,057
			Series - 2015 HQ1 (Class M2)
	1,750,000	i	Structured Agency Credit Risk Debt Note (STACR)		4.222		03/25/25		1,687,077
			Series - 2015 HQ1 (Class M3)
	2,152,263	i	Structured Agency Credit Risk Debt Note (STACR)		1.522		05/25/25		2,148,744
			Series - 2015 HQ2 (Class M1)
	3,475,000	i	Structured Agency Credit Risk Debt Note (STACR)		2.372		05/25/25		3,393,072
			Series - 2015 HQ2 (Class M2)
	5,800,000	g,i	Wachovia Bank Commercial Mortgage Trust		0.551		12/15/43		5,553,379
			Series - 2007 C30 (Class AMFL)
	22,235,000		Wachovia Bank Commercial Mortgage Trust		5.383		12/15/43		22,974,783
			Series - 2007 C30 (Class AM)
	1,800,000	i	Wachovia Bank Commercial Mortgage Trust		5.625		01/15/45		1,796,309
			Series - 2006 C23 (Class F)
	8,000,000	i	Wachovia Bank Commercial Mortgage Trust		5.825		07/15/45		7,988,898
			Series - 2006 C27 (Class AJ)
	3,000,000	i	Wachovia Bank Commercial Mortgage Trust		5.865		07/15/45		2,731,417
			Series - 2006 C27 (Class B)
	230,000	i	Wachovia Bank Commercial Mortgage Trust		5.818		05/15/46		241,545
			Series - 2007 C34 (Class AM)
	23,750,038	i	Wachovia Bank Commercial Mortgage Trust		5.947		05/15/46		23,950,550
			Series - 2007 C34 (Class AJ)
	1,700,000	i	Wachovia Bank Commercial Mortgage Trust		6.219		05/15/46		1,630,414
			Series - 2007 C34 (Class C)
	3,515,000	i	Wachovia Bank Commercial Mortgage Trust		5.591		04/15/47		3,643,337
			Series - 2007 C31 (Class AM)
	1,725,000	i	Wachovia Bank Commercial Mortgage Trust		5.680		04/15/47		1,673,120
			Series - 2007 C31 (Class C)
	22,000,000	g	Wachovia Bank Commercial Mortgage Trust		5.703		06/15/49		22,920,676
			Series - 2007 C32 (Class AMFX)
	2,670,000	g,i	Wachovia Bank Commercial Mortgage Trust		5.715		06/15/49		574,050
			Series - 2007 C32 (Class J)
	4,140,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		3,824,106
			Series - 2007 C32 (Class B)
	23,475,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		23,466,293
			Series - 2007 C32 (Class AJ)
	2,530,000	i	Wachovia Bank Commercial Mortgage Trust		5.953		02/15/51		2,657,506
			Series - 2007 C33 (Class AM)

32

TIAA-CREF FUNDS - Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,176,004	i	WaMu Mortgage Pass-Through Certificates		0.772	%	12/25/45	$	1,017,976
			Series - 2005 AR19 (Class A1B3)
			TOTAL OTHER MORTGAGE BACKED						375,717,369
			TOTAL STRUCTURED ASSETS						578,970,740
			(Cost $581,748,828)
			TOTAL BONDS						2,805,091,887
			(Cost $2,835,804,308)
SHORT-TERM INVESTMENTS - 11.7%
GOVERNMENT AGENCY DEBT - 5.9%
	13,000,000	d	Federal Home Loan Bank (FHLB)		0.130		01/04/16		13,000,000
	50,000,000		FHLB		0.240		01/13/16		49,998,100
	17,000,000	d	FHLB		0.108		01/20/16		16,998,861
	20,000,000	d	FHLB		0.170		01/25/16		19,998,240
	10,000,000		FHLB		0.240		01/27/16		9,999,040
	33,000,000		FHLB		0.280		03/18/16		32,979,639
	33,000,000		Federal Home Loan Mortgage Corp (FHLMC)		0.391		05/04/16		32,953,404
			TOTAL GOVERNMENT AGENCY DEBT						175,927,284
TREASURY DEBT - 5.8%
	10,000,000	d	United States Treasury Bill		0.115		01/14/16		9,999,690
	18,500,000	d	United States Treasury Bill		0.126		01/21/16		18,499,112
	6,000,000	d	United States Treasury Bill		0.122		02/04/16		5,999,478
	60,000,000		United States Treasury Bill		0.102		02/11/16		59,991,660
	40,000,000	d	United States Treasury Bill		0.196		03/31/16		39,983,120
	40,000,000		United States Treasury Bill		0.398		06/09/16		39,921,560
			TOTAL TREASURY DEBT						174,394,620
			TOTAL SHORT-TERM INVESTMENTS						350,321,904
			(Cost $350,326,961)
			TOTAL INVESTMENTS - 106.8%						3,190,606,838
			(Cost $3,222,846,873)
			OTHER ASSETS & LIABILITIES, NET - (6.8)%						(204,492,696	)
			NET ASSETS - 100.0%					$	2,986,114,142

	Abbreviation(s):
BRL	Brazilian Real
CDO	Collateralized Debt Obligation
COP	Columbian Peso
DOP	Dominican Peso
MXN	Mexican Peso
REIT	Real Estate Investment Trust
ZAR	South African Rand
d	All or a portion of these securities have been segregated by the custodian to cover collateral requirements on mortgage dollar rolls.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 12/31/2015, the aggregate value of these securities was $509,251,762 or 17.1% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
m	Indicates a security that has been deemed illiquid.

33

TIAA-CREF FUNDS - Bond Index Fund

TIAA-CREF FUNDS

BOND INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

December 31, 2015

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
BONDS - 99.4%
CORPORATE BONDS - 24.7%
AUTOMOBILES & COMPONENTS - 0.1%
$	50,000	BorgWarner, Inc		4.625	%	09/15/20	$	53,538
	200,000	BorgWarner, Inc		3.375		03/15/25		188,919
	200,000	BorgWarner, Inc		4.375		03/15/45		178,390
	100,000	Delphi Automotive plc		3.150		11/19/20		99,882
	250,000	Delphi Automotive plc		4.250		01/15/26		251,263
	500,000	Delphi Corp		5.000		02/15/23		529,000
	100,000	Delphi Corp		4.150		03/15/24		100,839
	500,000	Ford Motor Co		7.450		07/16/31		616,721
	650,000	Ford Motor Co		4.750		01/15/43		612,692
	1,250,000	General Motors Co		6.250		10/02/43		1,318,923
	175,000	Harley-Davidson, Inc		3.500		07/28/25		175,860
	200,000	Harley-Davidson, Inc		4.625		07/28/45		196,096
	300,000	Honeywell International, Inc		5.300		03/01/18		323,750
	400,000	Honeywell International, Inc		5.000		02/15/19		438,152
	500,000	Honeywell International, Inc		3.350		12/01/23		511,234
	282,000	Honeywell International, Inc		5.700		03/15/37		340,308
	150,000	Johnson Controls, Inc		2.600		12/01/16		151,469
	300,000	Johnson Controls, Inc		1.400		11/02/17		296,908
	160,000	Johnson Controls, Inc		4.250		03/01/21		164,498
	300,000	Johnson Controls, Inc		3.625		07/02/24		289,832
	270,000	Johnson Controls, Inc		6.000		01/15/36		281,818
	325,000	Johnson Controls, Inc		4.625		07/02/44		275,435
	100,000	Johnson Controls, Inc		4.950		07/02/64		81,149
	300,000	Magna International, Inc		3.625		06/15/24		293,338
	100,000	Magna International, Inc		4.150		10/01/25		101,857
		TOTAL AUTOMOBILES & COMPONENTS						7,871,871
BANKS - 3.5%
	200,000	Associated Banc-Corp		2.750		11/15/19		198,596
	500,000	Australia & New Zealand Banking Group Ltd		1.250		01/10/17		500,630
	250,000	Australia & New Zealand Banking Group Ltd		1.875		10/06/17		250,601
	750,000	Australia & New Zealand Banking Group Ltd		1.500		01/16/18		745,876
	500,000	Australia & New Zealand Banking Group Ltd		1.450		05/15/18		495,315
	300,000	Australia & New Zealand Banking Group Ltd		2.000		11/16/18		299,435
	300,000	Australia & New Zealand Banking Group Ltd		2.700		11/16/20		301,014
	200,000	Australia & New Zealand Banking Group Ltd		3.700		11/16/25		205,198
	350,000	Banco Bilbao Vizcaya Argentaria S.A.		3.000		10/20/20		348,652
	500,000	Banco do Brasil S.A.		3.875		01/23/17		500,000
	200,000	Bancolombia S.A.		5.950		06/03/21		206,250
	500,000	Bank of ,NV Scotia		2.350		10/21/20		495,634
	500,000	Bank of ,NV Scotia		4.500		12/16/25		497,734
	300,000	Bank of America Corp		1.350		11/21/16		299,597

34

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	585,000	Bank of America Corp		5.300	%	03/15/17	$	608,552
	500,000	Bank of America Corp		5.420		03/15/17		520,463
	1,000,000	Bank of America Corp		3.875		03/22/17		1,025,549
	3,000,000	Bank of America Corp		1.700		08/25/17		2,991,660
	590,000	Bank of America Corp		5.750		12/01/17		631,185
	900,000	Bank of America Corp		2.000		01/11/18		898,935
	500,000	Bank of America Corp		1.950		05/12/18		497,158
	2,525,000	Bank of America Corp		2.600		01/15/19		2,533,572
	750,000	Bank of America Corp		2.650		04/01/19		751,660
	1,000,000	Bank of America Corp		2.625		10/19/20		987,861
	2,300,000	Bank of America Corp		5.875		01/05/21		2,603,956
	2,225,000	Bank of America Corp		3.300		01/11/23		2,193,774
	2,000,000	Bank of America Corp		4.125		01/22/24		2,066,748
	750,000	Bank of America Corp		4.000		04/01/24		767,434
	1,475,000	Bank of America Corp		4.200		08/26/24		1,477,142
	750,000	Bank of America Corp		4.000		01/22/25		734,802
	550,000	Bank of America Corp		3.950		04/21/25		535,622
	2,000,000	Bank of America Corp		3.875		08/01/25		2,030,450
	400,000	Bank of America Corp		4.250		10/22/26		395,974
	1,500,000	Bank of America Corp		5.000		01/21/44		1,564,213
	500,000	Bank of America Corp		4.875		04/01/44		515,560
	1,000,000	Bank of America NA		1.125		11/14/16		998,058
	500,000	Bank of America NA		1.250		02/14/17		499,119
	500,000	Bank of America NA		1.650		03/26/18		496,596
	500,000	Bank of America NA		1.750		06/05/18		497,189
	700,000	Bank of America NA		2.050		12/07/18		698,076
	500,000	Bank of Montreal		1.300		07/15/16		500,958
	450,000	Bank of Montreal		2.500		01/11/17		455,350
	200,000	Bank of Montreal		1.400		09/11/17		199,916
	400,000	Bank of Montreal		1.450		04/09/18		397,980
	300,000	Bank of Montreal		1.400		04/10/18		297,264
	500,000	Bank of Montreal		1.800		07/31/18		498,953
	300,000	Bank of Montreal		2.375		01/25/19		302,517
	400,000	Bank of Montreal		2.550		11/06/22		395,191
	300,000	Bank of Nova Scotia		1.100		12/13/16		299,815
	150,000	Bank of Nova Scotia		2.550		01/12/17		151,987
	500,000	Bank of Nova Scotia		1.250		04/11/17		499,136
	300,000	Bank of Nova Scotia		1.300		07/21/17		299,072
	400,000	Bank of Nova Scotia		1.375		12/18/17		398,102
	350,000	Bank of Nova Scotia		1.450		04/25/18		347,335
	500,000	Bank of Nova Scotia		1.700		06/11/18		498,110
	500,000	Bank of Nova Scotia		2.050		10/30/18		501,242
	1,000,000	Bank of Nova Scotia		2.125		09/11/19		999,028
	200,000	Bank of Nova Scotia		4.375		01/13/21		215,958
	300,000	Bank of Nova Scotia		2.800		07/21/21		301,790
	300,000	Barclays plc		2.000		03/16/18		298,210
	500,000	Barclays plc		2.875		06/08/20		498,951
	725,000	Barclays plc		3.650		03/16/25		696,743
	500,000	Barclays plc		5.250		08/17/45		503,642
	100,000	BB&T Corp		3.200		03/15/16		100,273
	200,000	BB&T Corp		1.450		10/03/16		200,729
	300,000	BB&T Corp		1.050		12/01/16		299,802

35

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	200,000	BB&T Corp		2.150	%	03/22/17	$	201,540
	200,000	BB&T Corp		1.000		04/03/17		198,933
	70,000	BB&T Corp		4.900		06/30/17		72,967
	150,000	BB&T Corp		1.600		08/15/17		150,180
	500,000	BB&T Corp		1.350		10/01/17		499,117
	200,000	BB&T Corp		2.050		06/19/18		201,171
	500,000	BB&T Corp		2.250		02/01/19		502,071
	400,000	BB&T Corp		6.850		04/30/19		456,013
	300,000	BB&T Corp		2.625		06/29/20		301,848
	300,000	BB&T Corp		2.850		04/01/21		303,201
	200,000	BB&T Corp		3.950		03/22/22		208,955
	500,000	BB&T Corp		3.800		10/30/26		507,674
	300,000	BPCE S.A.		1.700		04/25/16		300,474
	500,000	BPCE S.A.		1.625		02/10/17		498,855
	300,000	BPCE S.A.		1.625		01/26/18		298,062
	250,000	BPCE S.A.		2.500		12/10/18		252,152
	300,000	BPCE S.A.		2.500		07/15/19		301,006
	500,000	BPCE S.A.		2.250		01/27/20		492,978
	500,000	BPCE S.A.		4.000		04/15/24		513,701
	250,000	Branch Banking & Trust Co		3.625		09/16/25		252,475
	300,000	Canadian Imperial Bank of Commerce		1.550		01/23/18		298,704
	125,000	Capital One Bank USA NA		1.150		11/21/16		124,702
	300,000	Capital One Bank USA NA		1.200		02/13/17		298,518
	300,000	Capital One Bank USA NA		1.500		09/05/17		297,623
	300,000	Capital One Bank USA NA		1.650		02/05/18		297,024
	250,000	Capital One Bank USA NA		1.500		03/22/18		245,893
	400,000	Capital One Bank USA NA		2.150		11/21/18		396,560
	300,000	Capital One Bank USA NA		2.250		02/13/19		298,747
	300,000	Capital One Bank USA NA		2.300		06/05/19		296,348
	800,000	Capital One Bank USA NA		2.400		09/05/19		791,579
	500,000	Capital One Bank USA NA		2.950		07/23/21		495,033
	972,000	Capital One Bank USA NA		3.375		02/15/23		951,619
	500,000	Capital One NA		2.350		08/17/18		501,030
	446,000	Citigroup, Inc		4.950		11/07/43		468,321
	500,000	Citigroup, Inc		1.300		04/01/16		500,701
	500,000	Citigroup, Inc		1.300		11/15/16		498,788
	500,000	Citigroup, Inc		1.350		03/10/17		498,112
	500,000	Citigroup, Inc		1.550		08/14/17		497,979
	500,000	Citigroup, Inc		1.850		11/24/17		499,288
	500,000	Citigroup, Inc		1.800		02/05/18		498,260
	1,000,000	Citigroup, Inc		1.700		04/27/18		990,547
	750,000	Citigroup, Inc		1.750		05/01/18		743,704
	500,000	Citigroup, Inc		2.150		07/30/18		499,637
	300,000	Citigroup, Inc		2.500		09/26/18		302,610
	500,000	Citigroup, Inc		2.050		12/07/18		497,348
	500,000	Citigroup, Inc		2.550		04/08/19		503,262
	500,000	Citigroup, Inc		2.500		07/29/19		499,302
	350,000	Citigroup, Inc		2.400		02/18/20		346,051
	500,000	Citigroup, Inc		2.650		10/26/20		496,368
	2,700,000	Citigroup, Inc		4.500		01/14/22		2,892,275
	1,675,000	Citigroup, Inc		4.050		07/30/22		1,711,175
	2,600,000	Citigroup, Inc		3.500		05/15/23		2,556,562

36

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	750,000		Citigroup, Inc		3.750	%	06/16/24	$	763,849
	500,000		Citigroup, Inc		4.000		08/05/24		495,537
	750,000		Citigroup, Inc		3.875		03/26/25		730,581
	1,000,000		Citigroup, Inc		3.300		04/27/25		982,187
	525,000		Citigroup, Inc		4.400		06/10/25		530,502
	400,000		Citigroup, Inc		5.500		09/13/25		434,486
	1,100,000		Citigroup, Inc		4.300		11/20/26		1,095,271
	1,250,000		Citigroup, Inc		4.450		09/29/27		1,242,560
	200,000		Citigroup, Inc		5.875		01/30/42		229,396
	225,000		Citigroup, Inc		6.675		09/13/43		275,872
	300,000		Citizens Bank NA		1.600		12/04/17		297,196
	300,000		Citizens Bank NA		2.300		12/03/18		299,685
	300,000		Citizens Bank NA		2.450		12/04/19		295,237
	100,000		Citizens Financial Group, Inc		4.350		08/01/25		99,656
	300,000		Citizens Financial Group, Inc		4.300		12/03/25		301,820
	200,000		Comerica Bank		4.000		07/27/25		202,773
	250,000		Comerica, Inc		5.750		11/21/16		258,946
	50,000		Comerica, Inc		5.200		08/22/17		52,458
	300,000		Comerica, Inc		2.500		06/02/20		298,407
	200,000		Comerica, Inc		3.800		07/22/26		196,968
	750,000		Commonwealth Bank of Australia		1.125		03/13/17		748,258
	500,000		Commonwealth Bank of Australia		1.400		09/08/17		498,934
	250,000		Commonwealth Bank of Australia		1.900		09/18/17		251,301
	500,000		Commonwealth Bank of Australia		1.750		11/02/18		496,436
	750,000		Commonwealth Bank of Australia		2.250		03/13/19		751,614
	500,000		Commonwealth Bank of Australia		2.300		09/06/19		498,975
	500,000		Commonwealth Bank of Australia		2.400		11/02/20		495,313
	300,000		Compass Bank		1.850		09/29/17		297,429
	300,000		Compass Bank		2.750		09/29/19		297,103
	400,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.375		01/19/17		408,881
	275,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		1.700		03/19/18		274,888
	500,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		2.250		01/14/19		501,610
	500,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		2.250		01/14/20		497,596
	1,500,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.875		02/08/22		1,583,179
	375,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.950		11/09/22		379,621
	1,000,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.375		05/21/25		990,202
	275,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		4.375		08/04/25		279,725
	400,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		5.750		12/01/43		446,742
	300,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		5.250		08/04/45		314,367
	200,000		Corpbanca S.A.		3.125		01/15/18		194,910
	400,000		Deutsche Bank AG		1.400		02/13/17		397,751
	300,000		Deutsche Bank AG		1.875		02/13/18		297,441
	1,750,000		Deutsche Bank AG		2.500		02/13/19		1,763,296
	500,000		Deutsche Bank AG		3.700		05/30/24		498,191
	200,000		Deutsche Bank AG		4.500		04/01/25		184,004
	500,000	i	Deutsche Bank AG		4.296		05/24/28		456,664
	750,000		Deutsche Bank AG.		2.950		08/20/20		751,376
	400,000		Discover Bank		2.000		02/21/18		397,356
	500,000		Discover Bank		2.600		11/13/18		499,701
	215,000		Discover Bank		7.000		04/15/20		244,833
	300,000		Discover Bank		3.100		06/04/20		300,822
	300,000		Discover Bank		3.200		08/09/21		298,099

37

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	400,000	Discover Bank		4.200	%	08/08/23	$	408,669
	200,000	Discover Bank		4.250		03/13/26		201,343
	300,000	Fifth Third Bancorp		1.350		06/01/17		299,172
	500,000	Fifth Third Bancorp		1.450		02/28/18		495,497
	500,000	Fifth Third Bancorp		2.150		08/20/18		501,482
	300,000	Fifth Third Bancorp		2.300		03/01/19		300,745
	375,000	Fifth Third Bancorp		2.375		04/25/19		376,279
	400,000	Fifth Third Bancorp		2.875		07/27/20		399,711
	200,000	Fifth Third Bancorp		2.875		10/01/21		199,299
	200,000	Fifth Third Bancorp		3.500		03/15/22		202,748
	500,000	Fifth Third Bancorp		4.300		01/16/24		512,216
	140,000	Fifth Third Bancorp		8.250		03/01/38		194,812
	200,000	First Horizon National Corp		3.500		12/15/20		198,293
	250,000	First Republic Bank		2.375		06/17/19		249,477
	250,000	First Tennessee Bank NA		2.950		12/01/19		248,174
	100,000	FirstMerit Corp		4.350		02/04/23		101,317
	250,000	FirstMerit Corp		4.270		11/25/26		250,495
	750,000	HSBC Bank USA NA		4.875		08/24/20		819,181
	266,000	HSBC Bank USA NA		5.875		11/01/34		307,869
	33,000	HSBC Bank USA NA		7.000		01/15/39		41,568
	150,000	HSBC Holdings plc		4.875		01/14/22		164,553
	1,350,000	HSBC Holdings plc		4.250		03/14/24		1,356,224
	1,000,000	HSBC Holdings plc		4.250		08/18/25		992,570
	2,325,000	HSBC Holdings plc		6.500		09/15/37		2,789,556
	550,000	HSBC Holdings plc		6.100		01/14/42		696,137
	275,000	HSBC Holdings plc		5.250		03/14/44		285,312
	750,000	HSBC USA, Inc		2.625		09/24/18		760,912
	500,000	HSBC USA, Inc		2.250		06/23/19		497,840
	750,000	HSBC USA, Inc		2.375		11/13/19		747,106
	500,000	HSBC USA, Inc		2.350		03/05/20		494,333
	750,000	HSBC USA, Inc		2.750		08/07/20		750,396
	1,000,000	HSBC USA, Inc		3.500		06/23/24		1,005,959
	200,000	Huntington Bancshares, Inc		2.600		08/02/18		200,253
	250,000	Huntington National Bank		1.350		08/02/16		250,019
	200,000	Huntington National Bank		1.300		11/20/16		199,864
	300,000	Huntington National Bank		1.700		02/26/18		296,692
	250,000	Huntington National Bank		2.000		06/30/18		248,429
	250,000	Huntington National Bank		2.200		11/06/18		249,341
	300,000	Huntington National Bank		2.200		04/01/19		297,808
	300,000	Huntington National Bank		2.400		04/01/20		296,211
	750,000	Industrial & Commercial Bank of China Ltd		2.351		11/13/17		751,985
	300,000	Industrial & Commercial Bank of China Ltd		2.157		11/13/18		298,718
	250,000	Industrial & Commercial Bank of China Ltd		3.231		11/13/19		254,062
	300,000	Industrial & Commercial Bank of China Ltd		2.905		11/13/20		297,617
	200,000	Intesa Sanpaolo S.p.A		2.375		01/13/17		200,644
	625,000	Intesa Sanpaolo S.p.A		3.875		01/16/18		640,924
	500,000	Intesa Sanpaolo S.p.A		3.875		01/15/19		514,959
	200,000	Intesa Sanpaolo S.p.A		5.250		01/12/24		214,205
	1,250,000	JPMorgan Chase & Co		3.450		03/01/16		1,255,210
	1,000,000	JPMorgan Chase & Co		1.350		02/15/17		998,016
	1,850,000	JPMorgan Chase & Co		2.000		08/15/17		1,856,416
	335,000	JPMorgan Chase & Co		6.000		01/15/18		361,844

38

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	400,000		JPMorgan Chase & Co		1.800	%	01/25/18	$	399,489
	500,000		JPMorgan Chase & Co		1.700		03/01/18		497,562
	500,000		JPMorgan Chase & Co		1.625		05/15/18		496,323
	1,000,000		JPMorgan Chase & Co		2.350		01/28/19		1,004,260
	1,000,000		JPMorgan Chase & Co		2.200		10/22/19		992,320
	1,750,000		JPMorgan Chase & Co		2.250		01/23/20		1,722,277
	180,000		JPMorgan Chase & Co		4.950		03/25/20		195,247
	1,350,000		JPMorgan Chase & Co		2.750		06/23/20		1,356,291
	700,000		JPMorgan Chase & Co		4.400		07/22/20		748,363
	1,820,000		JPMorgan Chase & Co		4.250		10/15/20		1,931,571
	1,000,000		JPMorgan Chase & Co		2.550		10/29/20		991,097
	1,950,000		JPMorgan Chase & Co		4.350		08/15/21		2,075,853
	500,000		JPMorgan Chase & Co		4.500		01/24/22		539,308
	3,150,000		JPMorgan Chase & Co		3.250		09/23/22		3,170,472
	1,100,000		JPMorgan Chase & Co		3.200		01/25/23		1,097,011
	750,000		JPMorgan Chase & Co		3.375		05/01/23		737,528
	1,000,000		JPMorgan Chase & Co		3.875		02/01/24		1,028,571
	1,000,000		JPMorgan Chase & Co		3.625		05/13/24		1,015,555
	1,500,000		JPMorgan Chase & Co		3.875		09/10/24		1,492,878
	600,000		JPMorgan Chase & Co		3.900		07/15/25		617,926
	1,000,000		JPMorgan Chase & Co		4.125		12/15/26		998,201
	650,000		JPMorgan Chase & Co		4.250		10/01/27		649,074
	958,000		JPMorgan Chase & Co		5.500		10/15/40		1,084,249
	1,000,000		JPMorgan Chase & Co		5.625		08/16/43		1,088,622
	1,000,000		JPMorgan Chase & Co		4.950		06/01/45		999,714
	750,000	i	JPMorgan Chase & Co		6.000		12/30/49		748,953
	300,000		KeyBank NA		1.100		11/25/16		299,601
	500,000		KeyBank NA		1.650		02/01/18		498,328
	250,000		KeyBank NA		2.500		12/15/19		250,441
	175,000		KeyBank NA		2.250		03/16/20		173,082
	300,000		KeyBank NA		3.180		05/22/22		296,530
	500,000		KeyBank NA		3.300		06/01/25		494,533
	400,000		KeyCorp		2.300		12/13/18		400,586
	200,000		KeyCorp		2.900		09/15/20		199,335
	150,000		KeyCorp		5.100		03/24/21		163,986
	700,000		Lloyds Bank plc		4.200		03/28/17		721,536
	300,000		Lloyds Bank plc		2.000		08/17/18		300,222
	500,000		Lloyds Bank plc		2.300		11/27/18		502,108
	500,000		Lloyds Bank plc		2.350		09/05/19		500,119
	300,000		Lloyds Bank plc		2.400		03/17/20		298,035
	300,000		Lloyds Bank plc		2.700		08/17/20		302,261
	600,000		Lloyds Bank plc		3.500		05/14/25		602,081
	500,000		Lloyds Banking Group plc		4.500		11/04/24		507,624
	200,000	g	Lloyds Banking Group plc		5.300		12/01/45		202,817
	300,000		Manufacturers & Traders Trust Co		1.250		01/30/17		299,720
	300,000		Manufacturers & Traders Trust Co		1.400		07/25/17		298,636
	200,000		Manufacturers & Traders Trust Co		1.450		03/07/18		197,868
	300,000		Manufacturers & Traders Trust Co		2.300		01/30/19		300,666
	300,000		Manufacturers & Traders Trust Co		2.250		07/25/19		299,090
	150,000		Manufacturers & Traders Trust Co		2.100		02/06/20		147,347
	280,000	i	Manufacturers & Traders Trust Co		5.629		12/01/21		275,954
	100,000		Manufacturers & Traders Trust Co		2.900		02/06/25		96,869

39

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	200,000		MUFG Americas Holdings Corp		1.625	%	02/09/18	$	198,255
	500,000		MUFG Americas Holdings Corp		2.250		02/10/20		491,824
	200,000		MUFG Americas Holdings Corp		3.000		02/10/25		191,580
	300,000		National Australia Bank Ltd		1.300		07/25/16		300,725
	250,000		National Australia Bank Ltd		2.750		03/09/17		254,199
	350,000		National Australia Bank Ltd		1.875		07/23/18		348,930
	300,000		National Australia Bank Ltd		2.300		07/25/18		301,749
	350,000		National Australia Bank Ltd		2.625		07/23/20		351,302
	200,000		National Australia Bank Ltd		3.000		01/20/23		199,302
	500,000		National Bank of Canada		1.450		11/07/17		496,847
	400,000		National Bank of Canada		2.100		12/14/18		399,516
	350,000		Northern Trust Corp		2.375		08/02/22		343,714
	500,000		Northern Trust Corp		3.950		10/30/25		523,912
	300,000		People’s United Bank		4.000		07/15/24		296,679
	100,000		People’s United Financial, Inc		3.650		12/06/22		98,476
	200,000		PNC Bank NA		0.800		01/28/16		199,996
	300,000		PNC Bank NA		1.300		10/03/16		300,634
	400,000		PNC Bank NA		1.125		01/27/17		398,644
	300,000		PNC Bank NA		1.500		10/18/17		299,475
	300,000		PNC Bank NA		1.500		02/23/18		298,540
	300,000		PNC Bank NA		1.600		06/01/18		297,753
	375,000		PNC Bank NA		1.850		07/20/18		374,348
	300,000		PNC Bank NA		1.800		11/05/18		299,260
	150,000		PNC Bank NA		2.200		01/28/19		150,510
	800,000		PNC Bank NA		2.250		07/02/19		803,793
	600,000		PNC Bank NA		2.400		10/18/19		602,361
	300,000		PNC Bank NA		2.300		06/01/20		297,365
	300,000		PNC Bank NA		2.600		07/21/20		300,002
	300,000		PNC Bank NA		2.450		11/05/20		298,787
	750,000		PNC Bank NA		2.700		11/01/22		729,486
	500,000		PNC Bank NA		2.950		01/30/23		485,090
	300,000		PNC Bank NA		2.950		02/23/25		290,499
	300,000		PNC Bank NA		3.250		06/01/25		298,481
	150,000	i	PNC Financial Services Group, Inc		2.854		11/09/22		148,148
	300,000		PNC Financial Services Group, Inc		3.900		04/29/24		307,298
	700,000		PNC Funding Corp		2.700		09/19/16		706,858
	645,000		PNC Funding Corp		5.125		02/08/20		709,465
	50,000		PNC Funding Corp		4.375		08/11/20		53,971
	500,000		Rabobank Nederland NV		4.500		01/11/21		544,044
	350,000		Rabobank Nederland NV		5.250		05/24/41		399,076
	250,000		Regions Bank		2.250		09/14/18		249,759
	1,100,000		Regions Financial Corp		2.000		05/15/18		1,092,298
	750,000		Royal Bank of Canada		1.125		07/22/16		750,449
	700,000		Royal Bank of Canada		1.450		09/09/16		701,450
	1,000,000		Royal Bank of Canada		1.200		01/23/17		999,663
	500,000		Royal Bank of Canada		1.200		09/19/17		497,665
	500,000		Royal Bank of Canada		1.400		10/13/17		498,703
	500,000		Royal Bank of Canada		2.200		07/27/18		504,131
	300,000		Royal Bank of Canada		1.800		07/30/18		299,105
	500,000		Royal Bank of Canada		2.000		10/01/18		501,075
	750,000		Royal Bank of Canada		2.000		12/10/18		749,375
	600,000		Royal Bank of Canada		2.150		03/15/19		601,727

40

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	1,000,000	Royal Bank of Canada		2.200	%	09/23/19	$	1,000,861
	750,000	Royal Bank of Canada		1.875		02/05/20		736,352
	250,000	Royal Bank of Canada		2.150		03/06/20		247,643
	500,000	Royal Bank of Canada		2.100		10/14/20		491,570
	500,000	Royal Bank of Canada		2.350		10/30/20		495,720
	500,000	Royal Bank of Scotland Group plc		1.875		03/31/17		497,925
	250,000	Royal Bank of Scotland Group plc		6.400		10/21/19		277,409
	500,000	Santander Bank NA		2.000		01/12/18		496,369
	200,000	Santander Holdings USA, Inc		3.450		08/27/18		203,353
	250,000	Santander Holdings USA, Inc		2.650		04/17/20		245,275
	250,000	Santander Holdings USA, Inc		4.500		07/17/25		254,527
	400,000	Santander Issuances SAU		5.179		11/19/25		393,989
	300,000	Santander UK Group Holdings plc		2.875		10/16/20		297,963
	250,000	Societe Generale S.A.		2.750		10/12/17		253,480
	400,000	Societe Generale S.A.		2.625		10/01/18		404,474
	250,000	Sovereign Bank		8.750		05/30/18		282,153
	250,000	Sumitomo Mitsui Banking Corp		1.450		07/19/16		250,374
	300,000	Sumitomo Mitsui Banking Corp		1.300		01/10/17		299,255
	500,000	Sumitomo Mitsui Banking Corp		1.350		07/11/17		496,995
	250,000	Sumitomo Mitsui Banking Corp		1.800		07/18/17		249,896
	300,000	Sumitomo Mitsui Banking Corp		1.500		01/18/18		297,500
	250,000	Sumitomo Mitsui Banking Corp		2.500		07/19/18		253,299
	250,000	Sumitomo Mitsui Banking Corp		1.950		07/23/18		248,842
	300,000	Sumitomo Mitsui Banking Corp		2.450		01/10/19		301,099
	500,000	Sumitomo Mitsui Banking Corp		2.250		07/11/19		496,763
	250,000	Sumitomo Mitsui Banking Corp		2.650		07/23/20		249,750
	300,000	Sumitomo Mitsui Banking Corp		2.450		10/20/20		296,466
	250,000	Sumitomo Mitsui Banking Corp		3.200		07/18/22		251,006
	300,000	Sumitomo Mitsui Banking Corp		3.000		01/18/23		295,066
	300,000	Sumitomo Mitsui Banking Corp		3.950		01/10/24		311,670
	500,000	Sumitomo Mitsui Banking Corp		3.400		07/11/24		496,151
	250,000	Sumitomo Mitsui Banking Corp		3.650		07/23/25		252,587
	100,000	SunTrust Banks, Inc		3.600		04/15/16		100,513
	150,000	SunTrust Banks, Inc		3.500		01/20/17		152,593
	500,000	SunTrust Banks, Inc		1.350		02/15/17		498,956
	100,000	SunTrust Banks, Inc		6.000		09/11/17		106,230
	300,000	SunTrust Banks, Inc		7.250		03/15/18		331,717
	200,000	SunTrust Banks, Inc		2.350		11/01/18		201,071
	225,000	SunTrust Banks, Inc		2.750		05/01/23		215,256
	50,000	SVB Financial Group		5.375		09/15/20		54,723
	200,000	Svenska Handelsbanken AB		3.125		07/12/16		202,244
	300,000	Svenska Handelsbanken AB		2.875		04/04/17		305,169
	500,000	Svenska Handelsbanken AB		1.625		03/21/18		497,817
	300,000	Svenska Handelsbanken AB		2.500		01/25/19		302,869
	500,000	Svenska Handelsbanken AB		2.250		06/17/19		500,394
	300,000	Svenska Handelsbanken AB		2.400		10/01/20		297,826
	300,000	Toronto-Dominion Bank		1.500		09/09/16		301,072
	650,000	Toronto-Dominion Bank		2.375		10/19/16		656,799
	500,000	Toronto-Dominion Bank		1.125		05/02/17		498,375
	500,000	Toronto-Dominion Bank		1.625		03/13/18		498,632
	400,000	Toronto-Dominion Bank		1.400		04/30/18		396,726
	400,000	Toronto-Dominion Bank		1.750		07/23/18		399,484

41

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	600,000	Toronto-Dominion Bank		2.625	%	09/10/18	$	611,625
	500,000	Toronto-Dominion Bank		2.125		07/02/19		499,514
	300,000	Toronto-Dominion Bank		2.250		11/05/19		299,930
	300,000	Toronto-Dominion Bank		2.500		12/14/20		299,866
	250,000	Union Bank NA		1.500		09/26/16		250,605
	250,000	Union Bank NA		2.625		09/26/18		252,456
	225,000	UnionBanCal Corp		3.500		06/18/22		228,259
	940,000	US Bancorp		1.650		05/15/17		942,875
	1,000,000	US Bancorp		1.950		11/15/18		1,006,666
	500,000	US Bancorp		2.200		04/25/19		503,736
	200,000	US Bancorp		2.950		07/15/22		198,850
	375,000	US Bancorp		3.700		01/30/24		392,828
	500,000	US Bancorp		3.600		09/11/24		508,525
	500,000	US Bank NA		1.350		01/26/18		498,320
	500,000	US Bank NA		2.125		10/28/19		499,803
	500,000	US Bank NA		2.800		01/27/25		486,853
	300,000	Westpac Banking Corp		1.050		11/25/16		299,827
	500,000	Westpac Banking Corp		1.200		05/19/17		498,817
	400,000	Westpac Banking Corp		2.000		08/14/17		402,517
	500,000	Westpac Banking Corp		1.500		12/01/17		498,395
	750,000	Westpac Banking Corp		1.600		01/12/18		748,593
	500,000	Westpac Banking Corp		2.250		07/30/18		504,092
	1,000,000	Westpac Banking Corp		1.950		11/23/18		998,100
	500,000	Westpac Banking Corp		2.250		01/17/19		501,339
	75,000	Westpac Banking Corp		4.875		11/19/19		81,693
	600,000	Westpac Banking Corp		2.300		05/26/20		596,794
		TOTAL BANKS						213,142,914
CAPITAL GOODS - 0.9%
	42,000	Agilent Technologies, Inc		6.500		11/01/17		44,832
	100,000	Agilent Technologies, Inc		5.000		07/15/20		107,445
	100,000	Agilent Technologies, Inc		3.200		10/01/22		97,550
	400,000	Agilent Technologies, Inc		3.875		07/15/23		400,556
	250,000	Applied Materials, Inc		2.625		10/01/20		249,739
	200,000	Applied Materials, Inc		4.300		06/15/21		213,451
	250,000	Applied Materials, Inc		3.900		10/01/25		251,502
	250,000	Applied Materials, Inc		5.100		10/01/35		254,297
	100,000	Applied Materials, Inc		5.850		06/15/41		107,887
	200,000	Arrow Electronics, Inc		3.000		03/01/18		199,836
	200,000	Arrow Electronics, Inc		5.125		03/01/21		210,224
	200,000	Arrow Electronics, Inc		3.500		04/01/22		192,659
	200,000	Arrow Electronics, Inc		4.000		04/01/25		192,275
	225,000	Avnet, Inc		6.625		09/15/16		232,835
	300,000	Avnet, Inc		4.875		12/01/22		307,171
	100,000	Carlisle Cos, Inc		5.125		12/15/20		106,569
	100,000	Carlisle Cos, Inc		3.750		11/15/22		99,068
	500,000	Caterpillar Financial Services Corp		5.850		09/01/17		535,839
	500,000	Caterpillar Financial Services Corp		1.250		11/06/17		498,116
	200,000	Caterpillar Financial Services Corp		5.450		04/15/18		216,331
	200,000	Caterpillar Financial Services Corp		2.450		09/06/18		203,003
	1,361,000	Caterpillar Financial Services Corp		7.150		02/15/19		1,559,818
	300,000	Caterpillar Financial Services Corp		2.100		06/09/19		300,980

42

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	150,000	Caterpillar Financial Services Corp		2.250	%	12/01/19	$	150,403
	200,000	Caterpillar Financial Services Corp		2.000		03/05/20		198,249
	200,000	Caterpillar Financial Services Corp		2.500		11/13/20		200,069
	200,000	Caterpillar Financial Services Corp		2.750		08/20/21		198,876
	700,000	Caterpillar Financial Services Corp		3.750		11/24/23		728,650
	400,000	Caterpillar Financial Services Corp		3.300		06/09/24		397,482
	525,000	Caterpillar Financial Services Corp		3.250		12/01/24		520,918
	50,000	Caterpillar, Inc		5.700		08/15/16		51,421
	200,000	Caterpillar, Inc		3.900		05/27/21		212,431
	200,000	Caterpillar, Inc		3.400		05/15/24		202,702
	738,000	Caterpillar, Inc		3.803		08/15/42		660,906
	300,000	Caterpillar, Inc		4.300		05/15/44		289,494
	100,000	Crane Co		2.750		12/15/18		99,714
	300,000	CRH America, Inc		5.750		01/15/21		335,115
	200,000	Cummins, Inc		3.650		10/01/23		206,064
	200,000	Cummins, Inc		4.875		10/01/43		206,485
	450,000	Danaher Corp		5.625		01/15/18		485,716
	300,000	Danaher Corp		2.400		09/15/20		300,023
	200,000	Danaher Corp		3.900		06/23/21		212,632
	200,000	Danaher Corp		3.350		09/15/25		203,153
	200,000	Danaher Corp		4.375		09/15/45		206,586
	150,000	Deere & Co		2.600		06/08/22		147,969
	218,000	Deere & Co		5.375		10/16/29		253,126
	650,000	Deere & Co		3.900		06/09/42		620,843
	150,000	Dover Corp		5.450		03/15/18		161,675
	325,000	Dover Corp		3.150		11/15/25		320,480
	100,000	Dover Corp		5.375		03/01/41		114,157
	600,000	Eaton Corp		1.500		11/02/17		596,243
	200,000	Eaton Corp		5.600		05/15/18		216,240
	1,075,000	Eaton Corp		2.750		11/02/22		1,040,320
	150,000	Eaton Corp		4.000		11/02/32		142,927
	250,000	Eaton Corp		4.150		11/02/42		230,487
	300,000	Embraer Netherlands Finance BV		5.050		06/15/25		273,000
	200,000	Emerson Electric Co		5.250		11/15/39		223,937
	300,000	Emerson Electric Co		5.250		10/15/18		326,790
	400,000	Emerson Electric Co		4.875		10/15/19		439,062
	350,000	Emerson Electric Co		2.625		02/15/23		342,719
	200,000	Emerson Electric Co		3.150		06/01/25		198,459
	150,000	Flowserve Corp		3.500		09/15/22		145,756
	200,000	Flowserve Corp		4.000		11/15/23		197,795
	100,000	FMC Technologies, Inc		2.000		10/01/17		98,446
	100,000	FMC Technologies, Inc		3.450		10/01/22		87,679
	300,000	General Dynamics Corp		2.250		07/15/16		301,968
	600,000	General Dynamics Corp		2.250		11/15/22		577,235
	225,000	General Dynamics Corp		3.600		11/15/42		207,176
	100,000	IDEX Corp		4.500		12/15/20		104,249
	200,000	IDEX Corp		4.200		12/15/21		207,227
	300,000	Illinois Tool Works, Inc		0.900		02/25/17		299,102
	300,000	Illinois Tool Works, Inc		1.950		03/01/19		300,383
	100,000	Illinois Tool Works, Inc		6.250		04/01/19		112,678
	200,000	Illinois Tool Works, Inc		4.875		09/15/41		216,800
	500,000	Illinois Tool Works, Inc		3.900		09/01/42		474,021

43

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	170,000	Ingersoll-Rand Global Holding Co Ltd		6.875	%	08/15/18	$	187,686
	250,000	Ingersoll-Rand Global Holding Co Ltd		2.875		01/15/19		252,560
	300,000	Ingersoll-Rand Global Holding Co Ltd		4.250		06/15/23		309,014
	200,000	Ingersoll-Rand Global Holding Co Ltd		5.750		06/15/43		217,987
	100,000	Ingersoll-Rand Luxembourg Finance S.A.		2.625		05/01/20		98,545
	100,000	Ingersoll-Rand Luxembourg Finance S.A.		3.550		11/01/24		97,908
	100,000	John Deere Capital Corp		1.050		12/15/16		99,981
	100,000	John Deere Capital Corp		2.000		01/13/17		100,743
	800,000	John Deere Capital Corp		5.500		04/13/17		842,255
	300,000	John Deere Capital Corp		1.125		06/12/17		299,425
	250,000	John Deere Capital Corp		1.200		10/10/17		249,101
	500,000	John Deere Capital Corp		1.550		12/15/17		500,315
	500,000	John Deere Capital Corp		1.300		03/12/18		495,583
	350,000	John Deere Capital Corp		1.600		07/13/18		348,442
	500,000	John Deere Capital Corp		1.750		08/10/18		500,172
	200,000	John Deere Capital Corp		1.950		12/13/18		200,893
	350,000	John Deere Capital Corp		1.700		01/15/20		341,110
	125,000	John Deere Capital Corp		2.450		09/11/20		124,787
	400,000	John Deere Capital Corp		2.800		03/04/21		401,034
	200,000	John Deere Capital Corp		3.150		10/15/21		203,560
	200,000	John Deere Capital Corp		2.800		01/27/23		196,406
	300,000	John Deere Capital Corp		3.350		06/12/24		305,015
	125,000	John Deere Capital Corp		3.400		09/11/25		126,787
	100,000	Joy Global, Inc		5.125		10/15/21		78,289
	200,000	Kennametal, Inc		2.650		11/01/19		194,693
	150,000	Kennametal, Inc		3.875		02/15/22		139,146
	200,000	KLA-Tencor Corp		2.375		11/01/17		200,114
	200,000	KLA-Tencor Corp		3.375		11/01/19		202,073
	200,000	KLA-Tencor Corp		4.125		11/01/21		200,390
	200,000	KLA-Tencor Corp		4.650		11/01/24		201,336
	200,000	KLA-Tencor Corp		5.650		11/01/34		194,730
	200,000	Lam Research Corp		2.750		03/15/20		193,489
	200,000	Lam Research Corp		3.800		03/15/25		188,416
	100,000	Legrand France S.A.		8.500		02/15/25		132,930
	400,000	Lockheed Martin Corp		7.650		05/01/16		408,878
	225,000	Lockheed Martin Corp		1.850		11/23/18		224,632
	325,000	Lockheed Martin Corp		2.500		11/23/20		323,856
	200,000	Lockheed Martin Corp		3.350		09/15/21		205,010
	500,000	Lockheed Martin Corp		3.100		01/15/23		499,722
	300,000	Lockheed Martin Corp		2.900		03/01/25		288,016
	200,000	Lockheed Martin Corp		3.550		01/15/26		201,027
	300,000	Lockheed Martin Corp		3.600		03/01/35		268,263
	500,000	Lockheed Martin Corp		4.500		05/15/36		505,832
	350,000	Lockheed Martin Corp		4.850		09/15/41		360,359
	1,108,000	Lockheed Martin Corp		4.070		12/15/42		1,025,400
	200,000	Lockheed Martin Corp		4.700		05/15/46		205,803
	300,000	Mosaic Co		4.250		11/15/23		297,151
	300,000	Mosaic Co		5.450		11/15/33		303,148
	100,000	Mosaic Co		4.875		11/15/41		87,048
	300,000	Mosaic Co		5.625		11/15/43		287,565
	250,000	Parker-Hannifin Corp		3.500		09/15/22		258,166
	300,000	Parker-Hannifin Corp		3.300		11/21/24		302,598

44

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	200,000		Parker-Hannifin Corp		4.200	%	11/21/34	$	202,992
	200,000		Parker-Hannifin Corp		4.450		11/21/44		207,818
	225,000		Pentair Finance S.A.		2.650		12/01/19		218,180
	200,000		Pentair Finance S.A.		3.625		09/15/20		199,824
	100,000		Pentair Finance S.A.		3.150		09/15/22		94,080
	200,000		Pentair Finance S.A.		4.650		09/15/25		204,983
	275,000		Precision Castparts Corp		2.500		01/15/23		265,541
	300,000		Precision Castparts Corp		3.250		06/15/25		298,219
	400,000		Precision Castparts Corp		4.200		06/15/35		397,753
	100,000		Precision Castparts Corp		3.900		01/15/43		93,082
	50,000		Raytheon Co		4.400		02/15/20		54,140
	450,000		Raytheon Co		3.125		10/15/20		466,495
	500,000		Raytheon Co		2.500		12/15/22		489,752
	300,000		Raytheon Co		3.150		12/15/24		300,834
	200,000		Raytheon Co		7.200		08/15/27		265,406
	100,000		Raytheon Co		4.700		12/15/41		108,566
	150,000		Raytheon Co		4.200		12/15/44		150,721
	300,000		Reliance Steel & Aluminum Co		4.500		04/15/23		279,376
	700,000		Rockwell Automation, Inc		2.050		03/01/20		694,084
	100,000		Rockwell Automation, Inc		6.250		12/01/37		124,331
	100,000		Rockwell Collins, Inc		3.100		11/15/21		101,512
	125,000		Rockwell Collins, Inc		3.700		12/15/23		128,585
	125,000		Rockwell Collins, Inc		4.800		12/15/43		133,773
	200,000		Roper Industries, Inc		1.850		11/15/17		198,966
	125,000		Roper Industries, Inc		2.050		10/01/18		124,205
	100,000		Roper Industries, Inc		6.250		09/01/19		110,988
	200,000		Roper Industries, Inc		3.125		11/15/22		194,430
	200,000		Roper Technologies, Inc		3.000		12/15/20		199,184
	200,000		Roper Technologies, Inc		3.850		12/15/25		199,123
	100,000		Snap-on, Inc		4.250		01/15/18		104,887
	200,000		Stanley Black & Decker, Inc		2.451		11/17/18		200,784
	250,000		Stanley Black & Decker, Inc		3.400		12/01/21		254,679
	600,000		Stanley Black & Decker, Inc		2.900		11/01/22		588,018
	100,000		Stanley Black & Decker, Inc		5.200		09/01/40		107,514
	250,000		Textron, Inc		5.600		12/01/17		265,712
	500,000		Textron, Inc		3.650		03/01/21		503,353
	250,000		Timken Co		3.875		09/01/24		236,055
	200,000		Trinity Industries, Inc		4.550		10/01/24		183,329
	200,000		Tupperware Brands Corp		4.750		06/01/21		204,026
	300,000		Tyco International Finance S.A.		3.900		02/14/26		300,850
	200,000		Tyco International Finance S.A.		5.125		09/14/45		207,504
	250,000		United Technologies Corp		1.800		06/01/17		251,421
	1,400,000		United Technologies Corp		5.375		12/15/17		1,505,120
	500,000	i	United Technologies Corp (Step Bond)		1.778		05/04/18		497,696
	825,000		United Technologies Corp		3.100		06/01/22		840,029
	280,000		United Technologies Corp		5.400		05/01/35		311,034
	280,000		United Technologies Corp		6.050		06/01/36		335,742
	145,000		United Technologies Corp		5.700		04/15/40		169,955
	1,650,000		United Technologies Corp		4.500		06/01/42		1,661,562
	500,000		United Technologies Corp		4.150		05/15/45		477,591
	34,000		Valmont Industries, Inc		6.625		04/20/20		37,680
	200,000		Valmont Industries, Inc		5.000		10/01/44		174,403

45

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	100,000		Valmont Industries, Inc		5.250	%	10/01/54	$	85,217
	300,000		WW Grainger, Inc		4.600		06/15/45		313,886
	100,000		Xylem, Inc		3.550		09/20/16		101,367
	300,000		Xylem, Inc		4.875		10/01/21		319,030
			TOTAL CAPITAL GOODS						52,850,797
COMMERCIAL & PROFESSIONAL SERVICES - 0.5%
	355,000		21st Century Fox America, Inc		7.250		05/18/18		396,056
	1,250,000		21st Century Fox America, Inc		3.000		09/15/22		1,231,868
	200,000		21st Century Fox America, Inc		4.000		10/01/23		206,721
	200,000		21st Century Fox America, Inc		3.700		09/15/24		201,798
	200,000	g	21st Century Fox America, Inc		3.700		10/15/25		199,639
	1,325,000		21st Century Fox America, Inc		6.200		12/15/34		1,503,678
	1,000,000		21st Century Fox America, Inc		6.150		02/15/41		1,124,222
	225,000		21st Century Fox America, Inc		5.400		10/01/43		234,186
	500,000		21st Century Fox America, Inc		4.750		09/15/44		480,808
	300,000	g	21st Century Fox America, Inc		4.950		10/15/45		295,473
	175,000		Air Lease Corp		2.125		01/15/18		171,937
	200,000		Air Lease Corp		2.625		09/04/18		197,736
	600,000		Air Lease Corp		3.375		01/15/19		603,000
	200,000		Air Lease Corp		3.875		04/01/21		201,000
	500,000		Air Lease Corp		3.750		02/01/22		491,132
	500,000		Daimler Finance North America LLC		8.500		01/18/31		725,119
	300,000		eBay, Inc		1.350		07/15/17		297,648
	300,000		eBay, Inc		2.200		08/01/19		296,633
	200,000		eBay, Inc		3.250		10/15/20		203,281
	300,000		eBay, Inc		2.875		08/01/21		295,278
	400,000		eBay, Inc		2.600		07/15/22		372,476
	400,000		eBay, Inc		3.450		08/01/24		382,421
	200,000		eBay, Inc		4.000		07/15/42		157,944
	150,000		Equifax, Inc		6.300		07/01/17		159,426
	200,000		Equifax, Inc		3.300		12/15/22		199,450
	300,000		Fluor Corp		3.500		12/15/24		299,778
	200,000		Fortune Brands Home & Security, Inc		3.000		06/15/20		198,936
	200,000		Fortune Brands Home & Security, Inc		4.000		06/15/25		197,867
	500,000		Howard Hughes Medical Institute		3.500		09/01/23		519,368
	500,000		MasterCard, Inc		3.375		04/01/24		511,226
	200,000		McGraw-Hill Cos, Inc		5.900		11/15/17		212,049
	300,000		McGraw-Hill Financial, Inc		2.500		08/15/18		301,898
	300,000		McGraw-Hill Financial, Inc		3.300		08/14/20		302,690
	300,000		McGraw-Hill Financial, Inc		4.000		06/15/25		300,839
	300,000		McGraw-Hill Financial, Inc		4.400		02/15/26		307,109
	200,000		Moody’s Corp		2.750		07/15/19		201,737
	400,000		Moody’s Corp		4.875		02/15/24		425,788
	200,000		Moody’s Corp		5.250		07/15/44		204,113
	100,000		Partners Healthcare System, Inc		4.117		07/01/55		90,213
	329,000		Reed Elsevier Capital, Inc		3.125		10/15/22		319,714
	63,000		Republic Services, Inc		5.500		09/15/19		69,338
	265,000		Republic Services, Inc		5.000		03/01/20		287,806
	580,000		Republic Services, Inc		5.250		11/15/21		641,536
	250,000		Republic Services, Inc		3.550		06/01/22		255,446
	750,000		Republic Services, Inc		3.200		03/15/25		722,094

46

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	30,000	Republic Services, Inc		6.200	%	03/01/40	$	35,134
	300,000	Republic Services, Inc		5.700		05/15/41		335,352
	300,000	Thomson Reuters Corp		0.875		05/23/16		299,762
	200,000	Thomson Reuters Corp		1.300		02/23/17		199,054
	300,000	Thomson Reuters Corp		1.650		09/29/17		298,474
	345,000	Thomson Reuters Corp		6.500		07/15/18		380,907
	100,000	Thomson Reuters Corp		4.300		11/23/23		102,187
	145,000	Thomson Reuters Corp		5.850		04/15/40		152,692
	400,000	Thomson Reuters Corp		4.500		05/23/43		347,652
	200,000	Thomson Reuters Corp		5.650		11/23/43		209,075
	750,000	Visa, Inc		1.200		12/14/17		749,230
	1,500,000	Visa, Inc		2.200		12/14/20		1,498,860
	1,000,000	Visa, Inc		2.800		12/14/22		1,001,798
	1,025,000	Visa, Inc		3.150		12/14/25		1,027,166
	550,000	Visa, Inc		4.150		12/14/35		555,223
	1,500,000	Visa, Inc		4.300		12/14/45		1,520,382
	310,000	Waste Management, Inc		4.600		03/01/21		334,501
	850,000	Waste Management, Inc		2.900		09/15/22		834,588
	1,000,000	Waste Management, Inc		3.500		05/15/24		1,008,071
	100,000	Waste Management, Inc		3.900		03/01/35		93,500
		TOTAL COMMERCIAL & PROFESSIONAL SERVICES						27,982,083
CONSUMER DURABLES & APPAREL - 0.1%
	200,000	Hasbro, Inc		3.150		05/15/21		199,529
	100,000	Hasbro, Inc		6.350		03/15/40		108,863
	200,000	Hasbro, Inc		5.100		05/15/44		189,856
	200,000	Leggett & Platt, Inc		3.400		08/15/22		197,136
	150,000	Mattel, Inc		1.700		03/15/18		148,031
	200,000	Mattel, Inc		2.350		05/06/19		198,335
	100,000	Mattel, Inc		4.350		10/01/20		104,054
	150,000	Mattel, Inc		3.150		03/15/23		143,123
	100,000	Mattel, Inc		5.450		11/01/41		98,656
	100,000	Mohawk Industries, Inc		3.850		02/01/23		101,256
	100,000	Newell Rubbermaid, Inc		2.150		10/15/18		96,796
	300,000	Newell Rubbermaid, Inc		2.875		12/01/19		289,517
	200,000	Newell Rubbermaid, Inc		4.000		06/15/22		192,019
	200,000	Newell Rubbermaid, Inc		4.000		12/01/24		184,744
	100,000	Newell Rubbermaid, Inc		3.900		11/01/25		90,270
	300,000	Nike, Inc		2.250		05/01/23		293,198
	300,000	Nike, Inc		3.625		05/01/43		277,992
	500,000	NIKE, Inc		3.875		11/01/45		482,141
	150,000	NVR, Inc		3.950		09/15/22		151,312
	200,000	Ralph Lauren Corp		2.125		09/26/18		201,731
	200,000	Ralph Lauren Corp		2.625		08/18/20		201,954
	200,000	Signet UK Finance plc		4.700		06/15/24		197,048
	220,000	VF Corp		6.450		11/01/37		284,011
	400,000	Whirlpool Corp		1.650		11/01/17		397,924
	100,000	Whirlpool Corp		2.400		03/01/19		99,600
	150,000	Whirlpool Corp		4.700		06/01/22		159,659
	100,000	Whirlpool Corp		3.700		03/01/23		100,640
	100,000	Whirlpool Corp		4.000		03/01/24		102,267
	100,000	Whirlpool Corp		5.150		03/01/43		98,333
		TOTAL CONSUMER DURABLES & APPAREL						5,389,995

47

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
CONSUMER SERVICES - 0.3%
$	100,000	Board of Trustees of The Leland Stanford Junior University		4.750	%	05/01/19	$	108,754
	300,000	Board of Trustees of The Leland Stanford Junior University		3.460		05/01/47		282,983
	200,000	Brinker International, Inc		3.875		05/15/23		192,965
	200,000	California Institute of Technology		4.321		08/01/45		206,609
	200,000	Catholic Health Initiatives		2.600		08/01/18		200,827
	500,000	Catholic Health Initiatives		2.950		11/01/22		487,968
	200,000	Catholic Health Initiatives		4.200		08/01/23		211,877
	100,000	Cintas Corp No 2		4.300		06/01/21		105,624
	200,000	Cintas Corp No 2		3.250		06/01/22		201,127
	100,000	Cornell University		5.450		02/01/19		110,685
	100,000	Darden Restaurants, Inc		7.050		10/15/37		104,926
	75,000	Dartmouth College		4.750		06/01/19		81,475
	300,000	Dun & Bradstreet Corp		3.250		12/01/17		302,349
	200,000	Dun & Bradstreet Corp		4.000		06/15/20		202,820
	100,000	George Washington University		3.485		09/15/22		101,361
	300,000	George Washington University		4.300		09/15/44		288,952
	200,000	George Washington University		4.868		09/15/45		216,840
	100,000	Hyatt Hotels Corp		3.875		08/15/16		101,467
	200,000	Hyatt Hotels Corp		3.375		07/15/23		190,016
	19,000	Johns Hopkins University		5.250		07/01/19		20,352
	200,000	Marriott International, Inc		3.000		03/01/19		202,749
	200,000	Marriott International, Inc		3.375		10/15/20		203,665
	300,000	Marriott International, Inc		2.875		03/01/21		297,677
	200,000	Marriott International, Inc		3.125		10/15/21		199,727
	200,000	Marriott International, Inc		3.250		09/15/22		197,796
	250,000	Massachusetts Institute of Technology		5.600		07/01/11		305,465
	200,000	Massachusetts Institute of Technology		4.678		07/01/14		206,331
	500,000	McDonald’s Corp		2.100		12/07/18		500,407
	300,000	McDonald’s Corp		1.875		05/29/19		296,397
	250,000	McDonald’s Corp		2.200		05/26/20		245,572
	720,000	McDonald’s Corp		3.500		07/15/20		742,985
	500,000	McDonald’s Corp		2.750		12/09/20		499,754
	550,000	McDonald’s Corp		2.625		01/15/22		536,567
	500,000	McDonald’s Corp		3.250		06/10/24		493,376
	250,000	McDonald’s Corp		3.375		05/26/25		244,984
	500,000	McDonald’s Corp		3.700		01/30/26		499,714
	500,000	McDonald’s Corp		4.700		12/09/35		498,110
	280,000	McDonald’s Corp		6.300		03/01/38		326,113
	500,000	McDonald’s Corp		3.625		05/01/43		411,685
	250,000	McDonald’s Corp		4.600		05/26/45		240,383
	500,000	McDonald’s Corp		4.875		12/09/45		502,693
	200,000	Metropolitan Museum of Art		3.400		07/01/45		181,823
	200,000	Northwestern University		3.688		12/01/38		201,106
	200,000	Northwestern University		3.868		12/01/48		195,897
	750,000	President and Fellows of Harvard College		3.619		10/01/37		730,013
	100,000	Princeton University		4.950		03/01/19		109,562
	220,000	Princeton University		5.700		03/01/39		290,001
	200,000	Starwood Hotels & Resorts Worldwide, Inc		3.125		02/15/23		195,577
	200,000	Starwood Hotels & Resorts Worldwide, Inc		3.750		03/15/25		195,857

48

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	100,000	Trinity Acquisition plc		4.625	%	08/15/23	$	102,563
	100,000	Trinity Acquisition plc		6.125		08/15/43		106,875
	200,000	University of Notre Dame du Lac		3.438		02/15/45		186,453
	25,000	Vanderbilt University		5.250		04/01/19		27,442
	70,000	Walt Disney Co		5.625		09/15/16		72,332
	500,000	Walt Disney Co		0.875		05/30/17		499,037
	700,000	Walt Disney Co		1.100		12/01/17		697,852
	500,000	Walt Disney Co		1.850		05/30/19		500,870
	200,000	Walt Disney Co		2.150		09/17/20		199,972
	850,000	Walt Disney Co		2.550		02/15/22		855,854
	200,000	Walt Disney Co		3.150		09/17/25		202,298
	100,000	Walt Disney Co		4.375		08/16/41		103,679
	200,000	Walt Disney Co		3.700		12/01/42		186,173
	500,000	Walt Disney Co		4.125		06/01/44		509,911
	200,000	William Marsh Rice University		3.574		05/15/45		185,199
	200,000	William Marsh Rice University		3.774		05/15/55		188,155
	2,000	Wyndham Worldwide Corp		6.000		12/01/16		2,077
	250,000	Wyndham Worldwide Corp		2.950		03/01/17		251,528
	150,000	Wyndham Worldwide Corp		2.500		03/01/18		149,391
	200,000	Wyndham Worldwide Corp		4.250		03/01/22		201,383
	200,000	Wyndham Worldwide Corp		3.900		03/01/23		194,686
	200,000	Wyndham Worldwide Corp		5.100		10/01/25		202,041
	200,000	Yale University		2.086		04/15/19		201,752
	72,000	Yum! Brands, Inc		6.250		03/15/18		75,883
	50,000	Yum! Brands, Inc		3.875		11/01/20		49,120
	400,000	Yum! Brands, Inc		3.875		11/01/23		354,332
	26,000	Yum! Brands, Inc		6.875		11/15/37		22,096
	200,000	Yum! Brands, Inc		5.350		11/01/43		152,663
		TOTAL CONSUMER SERVICES						19,953,580
DIVERSIFIED FINANCIALS - 3.3%
	500,000	Abbey National Treasury Services plc		1.375		03/13/17		497,950
	500,000	Abbey National Treasury Services plc		3.050		08/23/18		513,141
	500,000	Abbey National Treasury Services plc		2.000		08/24/18		499,264
	500,000	Abbey National Treasury Services plc		2.350		09/10/19		500,533
	500,000	Abbey National Treasury Services plc		4.000		03/13/24		521,808
	150,000	ABN Amro Bank NV		4.650		06/04/18		154,676
	200,000	Affiliated Managers Group, Inc		4.250		02/15/24		202,043
	20,000	Ahold Finance USA LLC		6.875		05/01/29		24,536
	400,000	American Express Co		6.150		08/28/17		428,239
	190,000	American Express Co		7.000		03/19/18		210,711
	300,000	American Express Co		1.550		05/22/18		297,690
	293,000	American Express Co		2.650		12/02/22		283,939
	300,000	American Express Co		3.625		12/05/24		293,601
	329,000	American Express Co		4.050		12/03/42		313,641
	400,000	American Express Credit Corp		2.375		03/24/17		404,368
	500,000	American Express Credit Corp		1.125		06/05/17		497,714
	1,175,000	American Express Credit Corp		2.125		07/27/18		1,184,984
	500,000	American Express Credit Corp		1.800		07/31/18		499,113
	350,000	American Express Credit Corp		1.875		11/05/18		349,120
	750,000	American Express Credit Corp		2.125		03/18/19		750,035
	500,000	American Express Credit Corp		2.250		08/15/19		500,072

49

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	575,000		American Express Credit Corp		2.375	%	05/26/20	$	570,816
	500,000		American Express Credit Corp		2.600		09/14/20		501,407
	300,000		American Honda Finance Corp		1.125		10/07/16		300,234
	300,000		American Honda Finance Corp		1.200		07/14/17		298,689
	300,000		American Honda Finance Corp		1.500		03/13/18		297,819
	500,000		American Honda Finance Corp		1.600		07/13/18		497,535
	300,000		American Honda Finance Corp		2.125		10/10/18		302,176
	500,000		American Honda Finance Corp		2.250		08/15/19		501,273
	200,000		American Honda Finance Corp		2.150		03/13/20		199,056
	300,000		American Honda Finance Corp		2.450		09/24/20		300,597
	295,000		Ameriprise Financial, Inc		5.300		03/15/20		327,131
	400,000		Ameriprise Financial, Inc		4.000		10/15/23		415,558
	300,000		Ameriprise Financial, Inc		3.700		10/15/24		305,915
	300,000		Ares Capital Corp		4.875		11/30/18		312,393
	150,000		Ares Capital Corp		3.875		01/15/20		152,310
	100,000	i	Bank of New York Mellon Corp (Step Bond)		1.969		06/20/17		100,542
	500,000		Bank of New York Mellon Corp		1.300		01/25/18		495,563
	1,000,000		Bank of New York Mellon Corp		2.300		09/11/19		1,003,287
	300,000		Bank of New York Mellon Corp		2.600		08/17/20		301,259
	500,000		Bank of New York Mellon Corp		2.450		11/27/20		498,044
	500,000		Bank of New York Mellon Corp		3.550		09/23/21		524,653
	250,000		Bank of New York Mellon Corp		3.650		02/04/24		259,712
	800,000		Bank of New York Mellon Corp		3.250		09/11/24		805,702
	500,000		Bank of New York Mellon Corp		3.000		02/24/25		491,917
	900,000		Barclays Bank plc		5.000		09/22/16		923,068
	500,000		Barclays Bank plc		2.500		02/20/19		501,141
	500,000		Barclays Bank plc		5.140		10/14/20		542,830
	600,000		Barclays Bank plc		3.750		05/15/24		611,888
	1,200,000		Barclays Bank plc		4.375		09/11/24		1,173,385
	116,000		Bear Stearns Cos LLC		5.550		01/22/17		120,552
	400,000		Berkshire Hathaway, Inc		1.550		02/09/18		400,722
	300,000		Berkshire Hathaway, Inc		2.100		08/14/19		301,893
	200,000		Berkshire Hathaway, Inc		3.750		08/15/21		213,356
	300,000		Berkshire Hathaway, Inc		3.000		02/11/23		305,791
	300,000		Berkshire Hathaway, Inc		4.500		02/11/43		301,847
	210,000		BlackRock, Inc		6.250		09/15/17		226,934
	390,000		BlackRock, Inc		5.000		12/10/19		431,377
	125,000		BlackRock, Inc		3.375		06/01/22		129,318
	500,000		BlackRock, Inc		3.500		03/18/24		513,608
	200,000		Block Financial LLC		5.500		11/01/22		211,248
	200,000		Block Financial LLC		5.250		10/01/25		204,540
	300,000		BNP Paribas S.A.		1.250		12/12/16		299,542
	500,000		BNP Paribas S.A.		1.375		03/17/17		499,533
	1,000,000		BNP Paribas S.A.		2.700		08/20/18		1,014,355
	300,000		BNP Paribas S.A.		2.400		12/12/18		302,364
	500,000		BNP Paribas S.A.		2.450		03/17/19		502,471
	325,000		BNP Paribas S.A.		2.375		05/21/20		321,812
	700,000		BNP Paribas S.A.		5.000		01/15/21		773,594
	300,000		BNP Paribas S.A.		3.250		03/03/23		299,670
	500,000		BNP Paribas S.A.		4.250		10/15/24		495,585
	200,000		Broadridge Financial Solutions, Inc		3.950		09/01/20		207,349
	300,000		Brookfield Asset Management, Inc		4.000		01/15/25		293,070

50

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	500,000		Capital One Financial Corp		3.750	%	04/24/24	$	503,499
	200,000		Capital One Financial Corp		3.200		02/05/25		193,439
	500,000		Capital One Financial Corp		4.200		10/29/25		493,932
	300,000		Charles Schwab Corp		2.200		07/25/18		300,686
	100,000		Charles Schwab Corp		4.450		07/22/20		108,883
	200,000		Charles Schwab Corp		3.225		09/01/22		202,685
	200,000		Charles Schwab Corp		3.000		03/10/25		196,722
	350,000		CME Group, Inc		3.000		09/15/22		352,315
	300,000		CME Group, Inc		3.000		03/15/25		294,511
	200,000		CME Group, Inc		5.300		09/15/43		228,944
	1,500,000		Credit Suisse		1.375		05/26/17		1,492,972
	750,000		Credit Suisse		1.700		04/27/18		744,663
	1,000,000		Credit Suisse		2.300		05/28/19		1,001,145
	2,250,000		Credit Suisse		5.400		01/14/20		2,464,450
	325,000		Credit Suisse		3.000		10/29/21		323,878
	1,000,000		Credit Suisse		3.625		09/09/24		1,008,219
	500,000	g	Credit Suisse Group Funding Guernsey Ltd		2.750		03/26/20		495,308
	750,000	g	Credit Suisse Group Funding Guernsey Ltd		3.125		12/10/20		746,931
	450,000	g	Credit Suisse Group Funding Guernsey Ltd		3.800		09/15/22		449,827
	1,050,000	g	Credit Suisse Group Funding Guernsey Ltd		3.750		03/26/25		1,014,402
	750,000	g	Credit Suisse Group Funding Guernsey Ltd		4.875		05/15/45		739,588
	850,000		Diageo Investment Corp		2.875		05/11/22		842,652
	100,000		Diageo Investment Corp		4.250		05/11/42		98,416
	200,000	g	Digital Delta Holdings LLC		3.400		10/01/20		200,305
	200,000	g	Digital Delta Holdings LLC		4.750		10/01/25		201,804
	200,000		Digital Realty Trust LP		3.950		07/01/22		198,623
	300,000		Digital Realty Trust LP		3.625		10/01/22		288,381
	100,000		Discover Financial Services		5.200		04/27/22		106,984
	200,000		Discover Financial Services		3.950		11/06/24		197,234
	17,000		Eaton Vance Corp		6.500		10/02/17		18,152
	300,000		Eaton Vance Corp		3.625		06/15/23		302,843
	800,000		Ford Motor Credit Co LLC		3.000		06/12/17		807,810
	1,000,000		Ford Motor Credit Co LLC		1.684		09/08/17		987,939
	500,000		Ford Motor Credit Co LLC		1.724		12/06/17		492,286
	500,000		Ford Motor Credit Co LLC		2.145		01/09/18		498,198
	900,000		Ford Motor Credit Co LLC		2.375		01/16/18		897,948
	1,000,000		Ford Motor Credit Co LLC		5.000		05/15/18		1,048,098
	500,000		Ford Motor Credit Co LLC		2.240		06/15/18		495,487
	400,000		Ford Motor Credit Co LLC		2.875		10/01/18		400,684
	375,000		Ford Motor Credit Co LLC		2.551		10/05/18		372,330
	500,000		Ford Motor Credit Co LLC		2.375		03/12/19		493,034
	500,000		Ford Motor Credit Co LLC		2.597		11/04/19		490,962
	1,000,000		Ford Motor Credit Co LLC		2.459		03/27/20		969,874
	300,000		Ford Motor Credit Co LLC		3.200		01/15/21		297,993
	1,000,000		Ford Motor Credit Co LLC		5.875		08/02/21		1,115,178
	350,000		Ford Motor Credit Co LLC		3.219		01/09/22		342,680
	1,000,000		Ford Motor Credit Co LLC		3.664		09/08/24		973,164
	925,000		Ford Motor Credit Co LLC		4.134		08/04/25		922,189
	150,000		Franklin Resources, Inc		2.800		09/15/22		146,536
	200,000		Franklin Resources, Inc		2.850		03/30/25		189,446
	200,000		FS Investment Corp		4.250		01/15/20		200,792
	150,000		FS Investment Corp		4.750		05/15/22		145,615

51

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,011,000	g	GE Capital International Funding Co		0.964	%	04/15/16	$	1,011,448
	2,452,000	g	GE Capital International Funding Co		2.342		11/15/20		2,434,034
	4,443,000	g	GE Capital International Funding Co		3.373		11/15/25		4,524,143
	4,944,000	g	GE Capital International Funding Co		4.418		11/15/35		5,047,043
	500,000		General Electric Capital Corp		1.000		01/08/16		500,007
	1,050,000		General Electric Capital Corp		2.950		05/09/16		1,056,907
	200,000		General Electric Capital Corp		2.900		01/09/17		203,329
	800,000		General Electric Capital Corp		2.300		04/27/17		809,848
	1,625,000		General Electric Capital Corp		5.625		09/15/17		1,732,775
	500,000		General Electric Capital Corp		1.600		11/20/17		503,236
	300,000		General Electric Capital Corp		1.625		04/02/18		301,010
	1,000,000		General Electric Capital Corp		2.300		01/14/19		1,009,830
	200,000		General Electric Capital Corp		2.100		12/11/19		200,054
	181,000		General Electric Capital Corp		5.500		01/08/20		203,041
	250,000		General Electric Capital Corp		2.200		01/09/20		250,712
	532,000		General Electric Capital Corp		4.375		09/16/20		577,773
	72,000		General Electric Capital Corp		4.625		01/07/21		79,086
	86,000		General Electric Capital Corp		5.300		02/11/21		97,015
	200,000		General Electric Capital Corp		4.650		10/17/21		221,151
	544,000		General Electric Capital Corp		3.150		09/07/22		556,782
	144,000		General Electric Capital Corp		3.100		01/09/23		146,161
	1,003,000		General Electric Capital Corp		3.450		05/15/24		1,037,049
	752,000		General Electric Capital Corp		6.750		03/15/32		982,590
	344,000		General Electric Capital Corp		5.875		01/14/38		421,108
	352,000		General Electric Capital Corp		6.875		01/10/39		479,775
	2,250,000		General Motors Financial Co, Inc		4.750		08/15/17		2,332,096
	500,000		General Motors Financial Co, Inc		3.100		01/15/19		499,379
	200,000		General Motors Financial Co, Inc		3.200		07/13/20		196,920
	700,000		General Motors Financial Co, Inc		3.700		11/24/20		702,199
	2,500,000		General Motors Financial Co, Inc		3.450		04/10/22		2,399,557
	300,000		General Motors Financial Co, Inc		4.300		07/13/25		291,103
	550,000		Goldman Sachs Group, Inc		5.950		01/18/18		592,322
	1,450,000		Goldman Sachs Group, Inc		2.375		01/22/18		1,462,625
	60,000		Goldman Sachs Group, Inc		6.150		04/01/18		65,156
	750,000		Goldman Sachs Group, Inc		2.900		07/19/18		764,671
	1,500,000		Goldman Sachs Group, Inc		2.625		01/31/19		1,510,932
	1,195,000		Goldman Sachs Group, Inc		7.500		02/15/19		1,367,582
	1,500,000		Goldman Sachs Group, Inc		2.550		10/23/19		1,499,727
	2,505,000		Goldman Sachs Group, Inc		5.375		03/15/20		2,751,845
	950,000		Goldman Sachs Group, Inc		2.600		04/23/20		947,844
	1,150,000		Goldman Sachs Group, Inc		6.000		06/15/20		1,300,138
	425,000		Goldman Sachs Group, Inc		2.750		09/15/20		424,813
	1,300,000		Goldman Sachs Group, Inc		5.250		07/27/21		1,438,003
	2,325,000		Goldman Sachs Group, Inc		5.750		01/24/22		2,644,264
	1,800,000		Goldman Sachs Group, Inc		3.625		01/22/23		1,821,125
	1,500,000		Goldman Sachs Group, Inc		4.000		03/03/24		1,540,363
	500,000		Goldman Sachs Group, Inc		3.850		07/08/24		510,497
	1,325,000		Goldman Sachs Group, Inc		3.500		01/23/25		1,303,238
	600,000		Goldman Sachs Group, Inc		3.750		05/22/25		604,243
	250,000		Goldman Sachs Group, Inc		4.250		10/21/25		248,245
	65,000		Goldman Sachs Group, Inc		6.450		05/01/36		73,476
	2,150,000		Goldman Sachs Group, Inc		6.250		02/01/41		2,564,380

52

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,075,000		Goldman Sachs Group, Inc		4.800	%	07/08/44	$	1,067,790
	575,000		Goldman Sachs Group, Inc		5.150		05/22/45		558,157
	875,000		Goldman Sachs Group, Inc		4.750		10/21/45		868,981
	782,000		HSBC Finance Corp		6.676		01/15/21		897,545
	500,000		Intercontinental Exchange, Inc		2.750		12/01/20		500,085
	500,000		Intercontinental Exchange, Inc		3.750		12/01/25		501,693
	200,000		IntercontinentalExchange Group, Inc		2.500		10/15/18		201,777
	200,000		IntercontinentalExchange Group, Inc		4.000		10/15/23		206,124
	125,000		Invesco Finance plc		3.125		11/30/22		123,315
	200,000		Invesco Finance plc		4.000		01/30/24		206,763
	200,000		Invesco Finance plc		3.750		01/15/26		201,536
	200,000		Invesco Finance plc		5.375		11/30/43		219,120
	300,000		Janus Capital Group, Inc		4.875		08/01/25		307,909
	425,000		Jefferies Group, Inc		8.500		07/15/19		495,093
	500,000		Jefferies Group, Inc		6.875		04/15/21		559,590
	100,000		Jefferies Group, Inc		6.450		06/08/27		105,685
	100,000		Korea Finance Corp		3.250		09/20/16		101,254
	700,000		Korea Finance Corp		2.250		08/07/17		703,291
	500,000		Korea Finance Corp		2.875		08/22/18		508,758
	250,000		Lazard Group LLC		4.250		11/14/20		259,048
	150,000		Lazard Group LLC		3.750		02/13/25		138,410
	100,000		Legg Mason, Inc		2.700		07/15/19		99,756
	400,000		Legg Mason, Inc		5.625		01/15/44		397,357
	1,260,000		Merrill Lynch & Co, Inc		6.400		08/28/17		1,349,682
	1,050,000		Merrill Lynch & Co, Inc		6.875		04/25/18		1,158,536
	1,500,000		Merrill Lynch & Co, Inc		6.110		01/29/37		1,702,050
	970,000		Morgan Stanley		5.450		01/09/17		1,006,876
	550,000		Morgan Stanley		5.550		04/27/17		577,104
	245,000		Morgan Stanley		5.950		12/28/17		263,449
	325,000		Morgan Stanley		1.875		01/05/18		324,673
	600,000		Morgan Stanley		2.125		04/25/18		601,343
	500,000		Morgan Stanley		2.200		12/07/18		500,325
	1,450,000		Morgan Stanley		2.500		01/24/19		1,458,232
	796,000		Morgan Stanley		7.300		05/13/19		914,672
	4,000,000		Morgan Stanley		2.375		07/23/19		3,987,492
	300,000		Morgan Stanley		5.625		09/23/19		331,191
	590,000		Morgan Stanley		5.500		01/26/20		649,537
	700,000		Morgan Stanley		2.650		01/27/20		698,341
	1,000,000		Morgan Stanley		2.800		06/16/20		1,003,562
	200,000		Morgan Stanley		5.750		01/25/21		224,658
	1,200,000		Morgan Stanley		5.500		07/28/21		1,345,096
	2,500,000		Morgan Stanley		4.875		11/01/22		2,654,760
	2,850,000		Morgan Stanley		4.100		05/22/23		2,881,156
	1,000,000		Morgan Stanley		3.875		04/29/24		1,019,465
	1,100,000		Morgan Stanley		3.700		10/23/24		1,105,390
	650,000		Morgan Stanley		4.000		07/23/25		669,912
	750,000		Morgan Stanley		5.000		11/24/25		796,624
	325,000		Morgan Stanley		4.350		09/08/26		326,255
	300,000		Morgan Stanley		3.950		04/23/27		291,299
	600,000		Morgan Stanley		7.250		04/01/32		785,946
	550,000		Morgan Stanley		4.300		01/27/45		524,412
	400,000	i	Murray Street Investment Trust (Step Bond)		4.647		03/09/17		412,132

53

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	220,000		NASDAQ OMX Group, Inc		5.550	%	01/15/20	$	241,285
	250,000		NASDAQ OMX Group, Inc		4.250		06/01/24		252,131
	200,000		National Rural Utilities Cooperative Finance Corp		0.950		04/24/17		199,045
	735,000		National Rural Utilities Cooperative Finance Corp		10.375		11/01/18		896,800
	125,000		National Rural Utilities Cooperative Finance Corp		2.300		11/15/19		124,473
	500,000		National Rural Utilities Cooperative Finance Corp		2.300		11/01/20		495,381
	350,000		National Rural Utilities Cooperative Finance Corp		3.050		02/15/22		353,448
	200,000		National Rural Utilities Cooperative Finance Corp		3.400		11/15/23		205,215
	400,000		National Rural Utilities Cooperative Finance Corp		2.850		01/27/25		389,704
	200,000		National Rural Utilities Cooperative Finance Corp		3.250		11/01/25		199,196
	500,000	i	National Rural Utilities Cooperative Finance Corp		4.750		04/30/43		493,200
	500,000		Nomura Holdings, Inc		2.750		03/19/19		502,786
	430,000		Nomura Holdings, Inc		6.700		03/04/20		496,039
	300,000		NYSE Euronext		2.000		10/05/17		300,480
	800,000		Oesterreichische Kontrollbank AG.		5.000		04/25/17		839,253
	1,000,000		Oesterreichische Kontrollbank AG.		1.125		05/29/18		992,848
	500,000		Oesterreichische Kontrollbank AG.		1.625		03/12/19		499,398
	300,000		Oesterreichische Kontrollbank AG.		1.500		10/21/20		292,914
	500,000		Oesterreichische Kontrollbank AG.		2.375		10/01/21		504,484
	200,000		ORIX Corp		3.750		03/09/17		203,751
	300,000		PACCAR Financial Corp		1.600		03/15/17		300,603
	200,000		PACCAR Financial Corp		1.100		06/06/17		198,996
	300,000		PACCAR Financial Corp		1.400		05/18/18		297,145
	200,000		PACCAR Financial Corp		2.200		09/15/19		199,205
	200,000		Prospect Capital Corp		5.875		03/15/23		189,354
	100,000		Raymond James Financial, Inc		4.250		04/15/16		100,760
	300,000		Raymond James Financial, Inc		5.625		04/01/24		332,259
	500,000		Sasol Financing International plc		4.500		11/14/22		457,270
	200,000		State Street Corp		2.875		03/07/16		200,704
	150,000		State Street Corp		1.350		05/15/18		148,842
	300,000		State Street Corp		2.550		08/18/20		303,833
	300,000		State Street Corp		4.375		03/07/21		325,550
	400,000		State Street Corp		3.100		05/15/23		395,542
	350,000		State Street Corp		3.700		11/20/23		364,357
	500,000		State Street Corp		3.300		12/16/24		504,925
	225,000		State Street Corp		3.550		08/18/25		232,110
	200,000		Stifel Financial Corp		3.500		12/01/20		197,780
	100,000		Synchrony Financial		1.875		08/15/17		99,540
	300,000		Synchrony Financial		2.600		01/15/19		299,003
	250,000		Synchrony Financial		3.000		08/15/19		249,702
	275,000		Synchrony Financial		2.700		02/03/20		269,830
	300,000		Synchrony Financial		3.750		08/15/21		299,809
	250,000		Synchrony Financial		4.250		08/15/24		246,645
	600,000		Synchrony Financial		4.500		07/23/25		598,901
	300,000		Syngenta Finance NV		3.125		03/28/22		290,874
	300,000		TD Ameritrade Holding Corp		2.950		04/01/22		297,361
	350,000		TD Ameritrade Holding Corp		3.625		04/01/25		354,473
	150,000		Toyota Motor Credit Corp		2.050		01/12/17		151,293
	400,000		Toyota Motor Credit Corp		1.750		05/22/17		402,568
	500,000		Toyota Motor Credit Corp		1.250		10/05/17		498,521
	500,000		Toyota Motor Credit Corp		1.375		01/10/18		501,003
	500,000		Toyota Motor Credit Corp		1.450		01/12/18		499,078

54

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	300,000	Toyota Motor Credit Corp		1.550	%	07/13/18	$	299,316
	500,000	Toyota Motor Credit Corp		2.000		10/24/18		502,929
	500,000	Toyota Motor Credit Corp		2.100		01/17/19		501,100
	400,000	Toyota Motor Credit Corp		2.125		07/18/19		400,875
	500,000	Toyota Motor Credit Corp		2.150		03/12/20		500,087
	750,000	Toyota Motor Credit Corp		2.750		05/17/21		758,313
	300,000	Toyota Motor Credit Corp		3.400		09/15/21		310,999
	300,000	Toyota Motor Credit Corp		2.800		07/13/22		298,786
	400,000	Toyota Motor Credit Corp		2.625		01/10/23		392,606
	300,000	UBS AG.		1.375		06/01/17		298,591
	500,000	UBS AG.		1.375		08/14/17		496,938
	500,000	UBS AG.		1.800		03/26/18		499,194
	162,000	UBS AG.		5.750		04/25/18		175,577
	500,000	UBS AG.		2.375		08/14/19		499,587
	1,000,000	UBS AG.		2.350		03/26/20		998,417
	400,000	Unilever Capital Corp		0.850		08/02/17		397,934
	250,000	Unilever Capital Corp		4.800		02/15/19		272,174
	300,000	Unilever Capital Corp		2.200		03/06/19		304,487
	250,000	Unilever Capital Corp		2.100		07/30/20		248,962
	250,000	Unilever Capital Corp		4.250		02/10/21		273,104
	150,000	Unilever Capital Corp		3.100		07/30/25		152,121
	330,000	Unilever Capital Corp		5.900		11/15/32		419,023
	1,250,000	Wells Fargo & Co		2.100		05/08/17		1,262,446
	500,000	Wells Fargo & Co		1.150		06/02/17		498,136
	500,000	Wells Fargo & Co		1.400		09/08/17		499,470
	1,400,000	Wells Fargo & Co		1.500		01/16/18		1,394,280
	425,000	Wells Fargo & Co		2.150		01/15/19		427,484
	1,000,000	Wells Fargo & Co		2.150		01/30/20		991,590
	750,000	Wells Fargo & Co		2.600		07/22/20		748,397
	450,000	Wells Fargo & Co		2.550		12/07/20		447,743
	1,000,000	Wells Fargo & Co		3.000		01/22/21		1,011,074
	1,200,000	Wells Fargo & Co		4.600		04/01/21		1,308,155
	3,500,000	Wells Fargo & Co		3.500		03/08/22		3,608,336
	700,000	Wells Fargo & Co		3.450		02/13/23		701,897
	500,000	Wells Fargo & Co		4.125		08/15/23		519,447
	334,000	Wells Fargo & Co		4.480		01/16/24		351,455
	2,200,000	Wells Fargo & Co		3.300		09/09/24		2,188,802
	750,000	Wells Fargo & Co		3.000		02/19/25		729,564
	500,000	Wells Fargo & Co		3.550		09/29/25		504,577
	650,000	Wells Fargo & Co		4.100		06/03/26		656,172
	750,000	Wells Fargo & Co		4.300		07/22/27		766,234
	264,000	Wells Fargo & Co		5.375		02/07/35		302,120
	725,000	Wells Fargo & Co		5.375		11/02/43		775,343
	1,143,000	Wells Fargo & Co		5.606		01/15/44		1,269,412
	300,000	Wells Fargo & Co		4.650		11/04/44		291,882
	1,000,000	Wells Fargo & Co		3.900		05/01/45		922,008
	750,000	Wells Fargo & Co		4.900		11/17/45		756,981
	15,000	Zions Bancorporation		4.500		06/13/23		15,419
		TOTAL DIVERSIFIED FINANCIALS						204,189,313

55

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
ENERGY - 2.3%
$	700,000	Anadarko Petroleum Corp		6.375	%	09/15/17	$	734,021
	465,000	Anadarko Petroleum Corp		8.700		03/15/19		528,397
	200,000	Anadarko Petroleum Corp		3.450		07/15/24		177,764
	1,325,000	Anadarko Petroleum Corp		6.200		03/15/40		1,219,001
	200,000	Anadarko Petroleum Corp		4.500		07/15/44		153,116
	400,000	Apache Corp		6.900		09/15/18		439,499
	200,000	Apache Corp		3.250		04/15/22		190,501
	980,000	Apache Corp		5.100		09/01/40		837,763
	300,000	Apache Corp		5.250		02/01/42		265,752
	350,000	Apache Corp		4.750		04/15/43		300,675
	300,000	Apache Corp		4.250		01/15/44		240,096
	200,000	Baker Hughes, Inc		7.500		11/15/18		225,824
	450,000	Baker Hughes, Inc		3.200		08/15/21		447,200
	415,000	Baker Hughes, Inc		5.125		09/15/40		410,523
	200,000	Boardwalk Pipelines LP		5.750		09/15/19		201,327
	200,000	Boardwalk Pipelines LP		3.375		02/01/23		160,824
	200,000	BP Capital Markets plc		1.846		05/05/17		200,954
	1,350,000	BP Capital Markets plc		1.375		11/06/17		1,342,146
	500,000	BP Capital Markets plc		1.375		05/10/18		492,865
	300,000	BP Capital Markets plc		2.241		09/26/18		300,971
	500,000	BP Capital Markets plc		2.237		05/10/19		500,673
	1,250,000	BP Capital Markets plc		2.315		02/13/20		1,232,051
	300,000	BP Capital Markets plc		4.500		10/01/20		321,093
	150,000	BP Capital Markets plc		4.742		03/11/21		164,772
	650,000	BP Capital Markets plc		3.561		11/01/21		663,303
	200,000	BP Capital Markets plc		3.245		05/06/22		197,640
	850,000	BP Capital Markets plc		2.500		11/06/22		808,052
	300,000	BP Capital Markets plc		3.994		09/26/23		306,822
	500,000	BP Capital Markets plc		3.814		02/10/24		499,903
	300,000	BP Capital Markets plc		3.535		11/04/24		291,815
	500,000	BP Capital Markets plc		3.506		03/17/25		484,512
	200,000	Buckeye Partners LP		2.650		11/15/18		192,412
	200,000	Buckeye Partners LP		4.875		02/01/21		194,562
	200,000	Buckeye Partners LP		4.350		10/15/24		168,287
	200,000	Buckeye Partners LP		5.850		11/15/43		154,391
	100,000	Buckeye Partners LP		5.600		10/15/44		74,608
	575,000	Burlington Resources Finance Co		7.200		08/15/31		658,003
	200,000	Burlington Resources Finance Co		7.400		12/01/31		238,205
	200,000	Cameron International Corp		1.150		12/15/16		198,008
	100,000	Cameron International Corp		6.375		07/15/18		108,471
	150,000	Cameron International Corp		3.600		04/30/22		148,362
	500,000	Cameron International Corp		4.000		12/15/23		502,466
	100,000	Cameron International Corp		5.950		06/01/41		106,077
	200,000	Cameron International Corp		5.125		12/15/43		196,853
	600,000	Canadian Natural Resources Ltd		5.700		05/15/17		612,805
	300,000	Canadian Natural Resources Ltd		1.750		01/15/18		291,830
	100,000	Canadian Natural Resources Ltd		3.800		04/15/24		88,353
	700,000	Canadian Natural Resources Ltd		3.900		02/01/25		611,008
	850,000	Canadian Natural Resources Ltd		6.250		03/15/38		773,601
	340,000	Cenovus Energy, Inc		5.700		10/15/19		356,448
	625,000	Cenovus Energy, Inc		3.000		08/15/22		554,545
	200,000	Cenovus Energy, Inc		4.450		09/15/42		145,703
	400,000	Cenovus Energy, Inc		5.200		09/15/43		313,108

56

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	100,000		Chevron Corp		0.889	%	06/24/16	$	100,023
	500,000		Chevron Corp		1.344		11/09/17		498,907
	300,000		Chevron Corp		1.345		11/15/17		299,049
	500,000		Chevron Corp		1.104		12/05/17		496,589
	400,000		Chevron Corp		1.365		03/02/18		396,823
	750,000		Chevron Corp		1.718		06/24/18		746,302
	500,000		Chevron Corp		1.790		11/16/18		495,483
	200,000		Chevron Corp		4.950		03/03/19		217,966
	1,000,000		Chevron Corp		2.193		11/15/19		999,831
	400,000		Chevron Corp		1.961		03/03/20		394,332
	750,000		Chevron Corp		2.427		06/24/20		750,778
	500,000		Chevron Corp		2.419		11/17/20		497,513
	400,000		Chevron Corp		2.411		03/03/22		389,530
	650,000		Chevron Corp		2.355		12/05/22		621,094
	250,000		Chevron Corp		3.191		06/24/23		251,349
	125,000		Chevron Corp		3.326		11/17/25		125,901
	500,000		Cimarex Energy Co		4.375		06/01/24		443,759
	300,000	g	Columbia Pipeline Group, Inc		2.450		06/01/18		293,347
	300,000	g	Columbia Pipeline Group, Inc		3.300		06/01/20		292,230
	300,000	g	Columbia Pipeline Group, Inc		4.500		06/01/25		271,915
	300,000	g	Columbia Pipeline Group, Inc		5.800		06/01/45		263,336
	1,500,000		ConocoPhillips Co		1.050		12/15/17		1,472,887
	300,000		ConocoPhillips Co		1.500		05/15/18		294,521
	600,000		ConocoPhillips Co		5.750		02/01/19		649,416
	300,000		ConocoPhillips Co		2.200		05/15/20		290,385
	300,000		ConocoPhillips Co		2.875		11/15/21		291,464
	600,000		ConocoPhillips Co		2.400		12/15/22		545,385
	300,000		ConocoPhillips Co		3.350		11/15/24		274,489
	300,000		ConocoPhillips Co		4.150		11/15/34		259,951
	250,000		ConocoPhillips Co		5.900		05/15/38		244,440
	1,035,000		ConocoPhillips Co		6.500		02/01/39		1,090,662
	300,000		ConocoPhillips Co		4.300		11/15/44		249,292
	500,000		ConocoPhillips Holding Co		6.950		04/15/29		573,168
	1,000,000		Continental Resources, Inc		4.500		04/15/23		718,878
	750,000		Continental Resources, Inc		3.800		06/01/24		528,520
	100,000		Continental Resources, Inc		4.900		06/01/44		60,318
	850,000		Devon Energy Corp		6.300		01/15/19		875,955
	525,000		Devon Energy Corp		3.250		05/15/22		446,454
	300,000		Devon Energy Corp		5.850		12/15/25		291,789
	600,000		Devon Energy Corp		7.950		04/15/32		620,014
	700,000		Devon Energy Corp		4.750		05/15/42		496,599
	300,000		Devon Energy Corp		5.000		06/15/45		227,359
	300,000		Diamond Offshore Drilling, Inc		5.875		05/01/19		304,144
	200,000		Diamond Offshore Drilling, Inc		3.450		11/01/23		165,255
	100,000		Diamond Offshore Drilling, Inc		5.700		10/15/39		68,324
	175,000		Diamond Offshore Drilling, Inc		4.875		11/01/43		106,273
	300,000		Ecopetrol S.A.		4.250		09/18/18		298,500
	550,000		Ecopetrol S.A.		7.625		07/23/19		596,629
	500,000		Ecopetrol S.A.		5.875		09/18/23		460,000
	1,000,000		Ecopetrol S.A.		4.125		01/16/25		800,000
	400,000		Ecopetrol S.A.		5.375		06/26/26		341,000
	200,000		Ecopetrol S.A.		7.375		09/18/43		168,000

57

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	300,000	Ecopetrol S.A.		5.875	%	05/28/45	$	213,000
	300,000	El Paso Pipeline Partners Operating Co LLC		4.300		05/01/24		257,965
	400,000	El Paso Pipeline Partners Operating Co LLC		4.700		11/01/42		281,454
	495,000	Enbridge Energy Partners LP		5.200		03/15/20		501,540
	175,000	Enbridge Energy Partners LP		4.375		10/15/20		170,782
	200,000	Enbridge Energy Partners LP		5.875		10/15/25		192,775
	300,000	Enbridge Energy Partners LP		5.500		09/15/40		229,329
	200,000	Enbridge Energy Partners LP		7.375		10/15/45		191,606
	300,000	EnCana Corp		3.900		11/15/21		247,699
	220,000	EnCana Corp		6.500		05/15/19		214,494
	515,000	EnCana Corp		6.625		08/15/37		416,587
	400,000	EnCana Corp		5.150		11/15/41		267,226
	1,200,000	Ensco plc		4.700		03/15/21		966,638
	200,000	Ensco plc		5.200		03/15/25		142,401
	400,000	Ensco plc		5.750		10/01/44		263,530
	735,000	Enterprise Products Operating LLC		6.300		09/15/17		773,103
	300,000	Enterprise Products Operating LLC		1.650		05/07/18		292,656
	130,000	Enterprise Products Operating LLC		6.500		01/31/19		142,848
	600,000	Enterprise Products Operating LLC		5.200		09/01/20		629,543
	400,000	Enterprise Products Operating LLC		4.050		02/15/22		391,478
	1,100,000	Enterprise Products Operating LLC		3.350		03/15/23		995,092
	800,000	Enterprise Products Operating LLC		3.900		02/15/24		746,694
	300,000	Enterprise Products Operating LLC		3.700		02/15/26		269,324
	480,000	Enterprise Products Operating LLC		6.125		10/15/39		438,199
	300,000	Enterprise Products Operating LLC		4.850		08/15/42		239,866
	100,000	Enterprise Products Operating LLC		4.450		02/15/43		76,279
	1,000,000	Enterprise Products Operating LLC		4.850		03/15/44		809,058
	500,000	Enterprise Products Operating LLC		5.100		02/15/45		418,499
	300,000	Enterprise Products Operating LLC		4.900		05/15/46		245,092
	200,000	Enterprise Products Operating LLC		4.950		10/15/54		156,452
	700,000	EOG Resources, Inc		2.450		04/01/20		692,475
	440,000	EOG Resources, Inc		4.100		02/01/21		464,169
	600,000	EOG Resources, Inc		2.625		03/15/23		568,672
	200,000	EOG Resources, Inc		3.900		04/01/35		183,014
	50,000	EQT Corp		6.500		04/01/18		52,558
	550,000	EQT Corp		8.125		06/01/19		594,234
	500,000	Exxon Mobil Corp		0.921		03/15/17		499,453
	500,000	Exxon Mobil Corp		1.305		03/06/18		499,270
	500,000	Exxon Mobil Corp		1.819		03/15/19		500,473
	500,000	Exxon Mobil Corp		1.912		03/06/20		496,018
	500,000	Exxon Mobil Corp		2.397		03/06/22		492,366
	500,000	Exxon Mobil Corp		3.176		03/15/24		507,757
	500,000	Exxon Mobil Corp		2.709		03/06/25		489,265
	500,000	Exxon Mobil Corp		3.567		03/06/45		469,958
	200,000	Gulf South Pipeline Co LP		4.000		06/15/22		178,631
	400,000	Halliburton Co		2.000		08/01/18		397,331
	400,000	Halliburton Co		6.150		09/15/19		450,344
	750,000	Halliburton Co		2.700		11/15/20		741,643
	500,000	Halliburton Co		3.375		11/15/22		492,108
	300,000	Halliburton Co		3.500		08/01/23		294,459
	750,000	Halliburton Co		3.800		11/15/25		730,759
	500,000	Halliburton Co		4.850		11/15/35		491,168

58

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	400,000	Halliburton Co		7.450	%	09/15/39	$	511,169
	250,000	Halliburton Co		4.500		11/15/41		226,820
	600,000	Halliburton Co		4.750		08/01/43		563,255
	750,000	Halliburton Co		5.000		11/15/45		740,872
	200,000	Helmerich & Payne International Drilling Co		4.650		03/15/25		200,201
	200,000	Hess Corp		1.300		06/15/17		195,708
	425,000	Hess Corp		8.125		02/15/19		481,808
	200,000	Hess Corp		3.500		07/15/24		175,242
	200,000	Hess Corp		7.875		10/01/29		218,491
	940,000	Hess Corp		5.600		02/15/41		791,882
	30,000	Husky Energy, Inc		7.250		12/15/19		33,147
	200,000	Husky Energy, Inc		3.950		04/15/22		185,418
	500,000	Husky Energy, Inc		4.000		04/15/24		457,654
	130,000	Husky Energy, Inc		6.800		09/15/37		128,783
	200,000	Magellan Midstream Partners LP		6.550		07/15/19		218,356
	125,000	Magellan Midstream Partners LP		4.250		02/01/21		125,019
	200,000	Magellan Midstream Partners LP		3.200		03/15/25		174,727
	500,000	Magellan Midstream Partners LP		4.200		12/01/42		368,196
	400,000	Marathon Oil Corp		6.000		10/01/17		407,722
	650,000	Marathon Oil Corp		2.800		11/01/22		518,379
	300,000	Marathon Oil Corp		3.850		06/01/25		241,493
	255,000	Marathon Oil Corp		6.600		10/01/37		218,851
	200,000	Marathon Oil Corp		5.200		06/01/45		142,400
	200,000	Marathon Petroleum Corp		3.500		03/01/16		200,565
	200,000	Marathon Petroleum Corp		2.700		12/14/18		197,795
	250,000	Marathon Petroleum Corp		3.400		12/15/20		245,604
	250,000	Marathon Petroleum Corp		5.125		03/01/21		262,465
	100,000	Marathon Petroleum Corp		3.625		09/15/24		93,234
	350,000	Marathon Petroleum Corp		6.500		03/01/41		350,337
	250,000	Marathon Petroleum Corp		4.750		09/15/44		204,349
	250,000	Marathon Petroleum Corp		5.850		12/15/45		232,350
	200,000	Marathon Petroleum Corp		5.000		09/15/54		160,053
	125,000	Murphy Oil Corp		2.500		12/01/17		114,651
	200,000	Murphy Oil Corp		4.000		06/01/22		151,692
	200,000	Murphy Oil Corp		3.700		12/01/22		153,019
	200,000	Murphy Oil Corp		5.125		12/01/42		123,039
	200,000	Nabors Industries, Inc		2.350		09/15/16		199,013
	125,000	Nabors Industries, Inc		6.150		02/15/18		126,847
	350,000	Nabors Industries, Inc		4.625		09/15/21		287,730
	100,000	Nabors Industries, Inc		5.100		09/15/23		79,312
	100,000	National Oilwell Varco, Inc		1.350		12/01/17		97,855
	300,000	National Oilwell Varco, Inc		2.600		12/01/22		262,427
	300,000	National Oilwell Varco, Inc		3.950		12/01/42		228,487
	935,000	Nexen, Inc		6.400		05/15/37		1,045,712
	150,000	Noble Energy, Inc		8.250		03/01/19		167,771
	750,000	Noble Energy, Inc		3.900		11/15/24		667,900
	700,000	Noble Energy, Inc		6.000		03/01/41		603,484
	300,000	Noble Energy, Inc		5.250		11/15/43		242,126
	100,000	Noble Holding International Ltd		2.500		03/15/17		94,345
	100,000	Noble Holding International Ltd		4.000		03/16/18		90,563
	305,000	Noble Holding International Ltd		4.900		08/01/20		231,854
	200,000	Noble Holding International Ltd		5.950		04/01/25		138,019

59

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	100,000		Noble Holding International Ltd		6.200	%	08/01/40	$	61,509
	400,000		Noble Holding International Ltd		5.250		03/15/42		221,668
	950,000		Occidental Petroleum Corp		1.750		02/15/17		951,930
	250,000		Occidental Petroleum Corp		1.500		02/15/18		246,967
	250,000		Occidental Petroleum Corp		3.125		02/15/22		244,537
	550,000		Occidental Petroleum Corp		2.700		02/15/23		517,683
	250,000		Occidental Petroleum Corp		3.500		06/15/25		244,319
	300,000		Occidental Petroleum Corp		4.625		06/15/45		290,780
	200,000		Oceaneering International, Inc		4.650		11/15/24		167,953
	300,000		ONE Gas, Inc		2.070		02/01/19		298,351
	100,000		ONE Gas, Inc		3.610		02/01/24		101,827
	100,000		ONE Gas, Inc		4.658		02/01/44		103,594
	406,000		Panhandle Eastern Pipeline Co LP		7.000		06/15/18		446,033
	785,000		Pemex Project Funding Master Trust		5.750		03/01/18		817,185
	75,000		Petro-Canada		6.800		05/15/38		82,007
	400,000		Petroleos Mexicanos		3.500		07/18/18		396,908
	200,000		Petroleos Mexicanos		3.125		01/23/19		193,478
	980,000		Petroleos Mexicanos		8.000		05/03/19		1,078,853
	775,000		Petroleos Mexicanos		6.000		03/05/20		805,225
	500,000	g	Petroleos Mexicanos		3.500		07/23/20		473,250
	800,000		Petroleos Mexicanos		5.500		01/21/21		806,960
	240,000		Petroleos Mexicanos		4.875		01/24/22		231,000
	210,000		Petroleos Mexicanos		1.700		12/20/22		206,604
	210,000		Petroleos Mexicanos		2.000		12/20/22		208,837
	400,000		Petroleos Mexicanos		3.500		01/30/23		349,000
	1,500,000		Petroleos Mexicanos		4.875		01/18/24		1,398,750
	950,000	g	Petroleos Mexicanos		4.500		01/23/26		834,575
	1,040,000		Petroleos Mexicanos		6.500		06/02/41		899,080
	1,775,000		Petroleos Mexicanos		5.500		06/27/44		1,335,404
	915,000	g	Petroleos Mexicanos		5.500		06/27/44		688,391
	575,000		Petroleos Mexicanos		6.375		01/23/45		486,669
	1,000,000	g	Petroleos Mexicanos		5.625		01/23/46		765,200
	900,000		Phillips 66		2.950		05/01/17		912,218
	650,000		Phillips 66		4.300		04/01/22		669,087
	200,000		Phillips 66		4.650		11/15/34		187,360
	400,000		Phillips 66		5.875		05/01/42		400,625
	400,000		Phillips 66		4.875		11/15/44		357,004
	500,000		Pioneer Natural Resources Co		6.650		03/15/17		516,248
	125,000		Pioneer Natural Resources Co		3.450		01/15/21		115,467
	375,000		Pioneer Natural Resources Co		3.950		07/15/22		342,488
	200,000		Pioneer Natural Resources Co		4.450		01/15/26		180,125
	200,000		Plains All American Pipeline LP		6.125		01/15/17		205,496
	200,000		Plains All American Pipeline LP		2.600		12/15/19		177,412
	700,000		Plains All American Pipeline LP		5.000		02/01/21		665,477
	200,000		Plains All American Pipeline LP		2.850		01/31/23		165,048
	400,000		Plains All American Pipeline LP		3.850		10/15/23		336,605
	200,000		Plains All American Pipeline LP		3.600		11/01/24		160,533
	300,000		Plains All American Pipeline LP		4.650		10/15/25		262,033
	100,000		Plains All American Pipeline LP		6.650		01/15/37		88,367
	250,000		Plains All American Pipeline LP		5.150		06/01/42		181,282
	300,000		Plains All American Pipeline LP		4.700		06/15/44		208,900
	300,000		Plains All American Pipeline LP		4.900		02/15/45		215,622

60

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	325,000	Plains Exploration & Production Co		6.875	%	02/15/23	$	204,750
	100,000	Rowan Cos, Inc		5.000		09/01/17		99,246
	300,000	Rowan Cos, Inc		7.875		08/01/19		294,988
	250,000	Rowan Cos, Inc		4.875		06/01/22		183,866
	200,000	Rowan Cos, Inc		4.750		01/15/24		142,273
	100,000	Rowan Cos, Inc		5.400		12/01/42		59,790
	200,000	Rowan Cos, Inc		5.850		01/15/44		120,682
	750,000	Schlumberger Investment S.A.		3.650		12/01/23		761,249
	500,000	SESI LLC		7.125		12/15/21		445,000
	300,000	Shell International Finance BV		0.900		11/15/16		299,223
	200,000	Shell International Finance BV		1.125		08/21/17		198,615
	300,000	Shell International Finance BV		1.250		11/10/17		298,440
	300,000	Shell International Finance BV		1.625		11/10/18		298,396
	500,000	Shell International Finance BV		2.000		11/15/18		500,685
	805,000	Shell International Finance BV		4.300		09/22/19		858,288
	1,130,000	Shell International Finance BV		4.375		03/25/20		1,213,810
	500,000	Shell International Finance BV		2.125		05/11/20		491,932
	300,000	Shell International Finance BV		2.250		11/10/20		295,500
	200,000	Shell International Finance BV		2.375		08/21/22		191,606
	500,000	Shell International Finance BV		2.250		01/06/23		468,257
	500,000	Shell International Finance BV		3.400		08/12/23		497,158
	1,300,000	Shell International Finance BV		3.250		05/11/25		1,269,340
	500,000	Shell International Finance BV		4.125		05/11/35		477,009
	421,000	Shell International Finance BV		6.375		12/15/38		497,379
	200,000	Shell International Finance BV		3.625		08/21/42		166,731
	1,000,000	Shell International Finance BV		4.550		08/12/43		971,995
	1,000,000	Shell International Finance BV		4.375		05/11/45		944,129
	125,000	Southwestern Energy Co		3.300		01/23/18		102,500
	200,000	Southwestern Energy Co		7.500		02/01/18		170,000
	175,000	Southwestern Energy Co		4.050		01/23/20		126,875
	325,000	Southwestern Energy Co		4.100		03/15/22		204,412
	250,000	Southwestern Energy Co		4.950		01/23/25		157,500
	350,000	Statoil ASA		3.125		08/17/17		359,011
	500,000	Statoil ASA		1.250		11/09/17		494,938
	375,000	Statoil ASA		1.200		01/17/18		371,358
	300,000	Statoil ASA		1.150		05/15/18		295,116
	300,000	Statoil ASA		1.950		11/08/18		299,844
	450,000	Statoil ASA		5.250		04/15/19		490,948
	500,000	Statoil ASA		2.250		11/08/19		498,242
	300,000	Statoil ASA		2.900		11/08/20		305,009
	500,000	Statoil ASA		2.750		11/10/21		496,990
	250,000	Statoil ASA		3.150		01/23/22		249,379
	375,000	Statoil ASA		2.450		01/17/23		355,629
	300,000	Statoil ASA		2.650		01/15/24		280,754
	300,000	Statoil ASA		3.700		03/01/24		304,100
	500,000	Statoil ASA		3.250		11/10/24		490,722
	200,000	Statoil ASA		5.100		08/17/40		210,908
	400,000	Statoil ASA		4.250		11/23/41		377,048
	300,000	Statoil ASA		3.950		05/15/43		270,983
	1,300,000	Statoil ASA		4.800		11/08/43		1,317,450
	550,000	Suncor Energy, Inc		6.100		06/01/18		591,620
	750,000	Suncor Energy, Inc		3.600		12/01/24		706,873

61

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,400,000		Suncor Energy, Inc		6.500	%	06/15/38	$	1,497,784
	300,000		Sunoco Logistics Partners Operations LP		4.250		04/01/24		259,609
	300,000		Sunoco Logistics Partners Operations LP		5.300		04/01/44		223,263
	200,000		Sunoco Logistics Partners Operations LP		4.400		04/01/21		193,836
	300,000		Sunoco Logistics Partners Operations LP		3.450		01/15/23		253,230
	200,000		Sunoco Logistics Partners Operations LP		5.950		12/01/25		190,556
	100,000		Sunoco Logistics Partners Operations LP		6.100		02/15/42		79,854
	200,000		Sunoco Logistics Partners Operations LP		5.350		05/15/45		148,495
	25,000		Talisman Energy, Inc		7.750		06/01/19		26,942
	450,000		Talisman Energy, Inc		3.750		02/01/21		408,195
	200,000		Total Capital Canada Ltd		1.450		01/15/18		198,798
	300,000		Total Capital Canada Ltd		2.750		07/15/23		288,010
	750,000		Total Capital International S.A.		1.000		08/12/16		750,139
	300,000		Total Capital International S.A.		2.125		01/10/19		300,632
	500,000		Total Capital International S.A.		2.100		06/19/19		496,434
	300,000		Total Capital International S.A.		2.750		06/19/21		298,880
	1,000,000		Total Capital International S.A.		2.875		02/17/22		994,277
	400,000		Total Capital International S.A.		2.700		01/25/23		383,501
	300,000		Total Capital International S.A.		3.700		01/15/24		304,302
	300,000		Total Capital International S.A.		3.750		04/10/24		304,868
	500,000		TransCanada PipeLines Ltd		1.625		11/09/17		495,921
	300,000		TransCanada PipeLines Ltd		1.875		01/12/18		298,859
	600,000		TransCanada PipeLines Ltd		3.800		10/01/20		612,081
	1,050,000		TransCanada PipeLines Ltd		2.500		08/01/22		964,058
	200,000		TransCanada PipeLines Ltd		3.750		10/16/23		196,847
	500,000		TransCanada PipeLines Ltd		4.625		03/01/34		472,445
	340,000		TransCanada PipeLines Ltd		5.850		03/15/36		349,648
	469,000		TransCanada PipeLines Ltd		7.625		01/15/39		574,904
	200,000		TransCanada PipeLines Ltd		6.100		06/01/40		206,905
	200,000		TransCanada PipeLines Ltd		5.000		10/16/43		183,951
	300,000	i	TransCanada PipeLines Ltd		6.350		05/15/67		226,500
	165,000		Vale Overseas Ltd		6.250		01/23/17		164,687
	1,045,000		Vale Overseas Ltd		4.625		09/15/20		867,946
	1,542,000		Vale Overseas Ltd		4.375		01/11/22		1,167,030
	150,000		Vale Overseas Ltd		8.250		01/17/34		120,167
	1,164,000		Vale Overseas Ltd		6.875		11/21/36		813,683
	680,000		Valero Energy Corp		6.125		02/01/20		750,147
	400,000		Valero Energy Corp		3.650		03/15/25		377,492
	330,000		Valero Energy Corp		7.500		04/15/32		361,656
	500,000		Valero Energy Corp		6.625		06/15/37		502,394
	300,000		Valero Energy Corp		4.900		03/15/45		250,018
	300,000		XTO Energy, Inc		6.250		08/01/17		323,461
			TOTAL ENERGY						141,492,489
FOOD & STAPLES RETAILING - 0.3%
	200,000		CVS Health Corp		1.200		12/05/16		200,033
	68,000		CVS Health Corp		5.750		06/01/17		72,001
	1,000,000		CVS Health Corp		1.900		07/20/18		999,485
	300,000		CVS Health Corp		2.250		12/05/18		301,509
	750,000		CVS Health Corp		2.250		08/12/19		749,292
	185,000		CVS Health Corp		4.750		05/18/20		199,215
	1,000,000		CVS Health Corp		2.800		07/20/20		1,004,909

62

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	500,000		CVS Health Corp		4.125	%	05/15/21	$	529,005
	500,000		CVS Health Corp		3.500		07/20/22		509,030
	500,000		CVS Health Corp		2.750		12/01/22		487,214
	250,000		CVS Health Corp		4.000		12/05/23		259,818
	900,000		CVS Health Corp		3.375		08/12/24		891,128
	925,000		CVS Health Corp		3.875		07/20/25		944,190
	400,000		CVS Health Corp		4.875		07/20/35		413,165
	400,000		CVS Health Corp		5.300		12/05/43		433,242
	1,500,000		CVS Health Corp		5.125		07/20/45		1,580,148
	235,000		Delhaize Group S.A.		5.700		10/01/40		241,614
	700,000		Kroger Co		6.400		08/15/17		751,707
	55,000		Kroger Co		6.800		12/15/18		61,755
	445,000		Kroger Co		6.150		01/15/20		503,683
	200,000		Kroger Co		2.950		11/01/21		198,061
	200,000		Kroger Co		3.400		04/15/22		202,624
	200,000		Kroger Co		3.850		08/01/23		206,216
	300,000		Kroger Co		4.000		02/01/24		311,075
	100,000		Kroger Co		6.900		04/15/38		123,559
	250,000		Kroger Co		5.000		04/15/42		255,742
	300,000		Kroger Co		5.150		08/01/43		314,286
	48,000		Safeway, Inc		6.350		08/15/17		49,440
	200,000		Starbucks Corp		2.000		12/05/18		201,985
	200,000		Starbucks Corp		2.700		06/15/22		200,213
	350,000		Starbucks Corp		3.850		10/01/23		371,389
	200,000		Starbucks Corp		4.300		06/15/45		207,428
	200,000		SYSCO Corp		5.250		02/12/18		213,811
	500,000		SYSCO Corp		2.600		10/01/20		500,991
	250,000		SYSCO Corp		2.600		06/12/22		242,864
	100,000		SYSCO Corp		5.375		09/21/35		110,335
	300,000		SYSCO Corp		4.850		10/01/45		311,904
	25,000		Walgreen Co		5.250		01/15/19		26,716
	200,000		Walgreen Co		3.100		09/15/22		193,768
	200,000		Walgreen Co		4.400		09/15/42		170,606
	150,000		Walgreens Boots Alliance, Inc		1.750		11/17/17		149,715
	1,125,000		Walgreens Boots Alliance, Inc		2.700		11/18/19		1,123,361
	500,000		Walgreens Boots Alliance, Inc		3.300		11/18/21		490,578
	400,000		Walgreens Boots Alliance, Inc		3.800		11/18/24		388,372
	400,000		Walgreens Boots Alliance, Inc		4.500		11/18/34		365,289
	400,000		Walgreens Boots Alliance, Inc		4.800		11/18/44		363,377
	200,000	g	Whole Foods Market, Inc		5.200		12/03/25		199,818
			TOTAL FOOD & STAPLES RETAILING						18,625,666
FOOD, BEVERAGE & TOBACCO - 1.1%
	228,000		Altria Group, Inc		9.250		08/06/19		279,155
	300,000		Altria Group, Inc		2.625		01/14/20		300,547
	1,800,000		Altria Group, Inc		4.750		05/05/21		1,953,961
	800,000		Altria Group, Inc		2.850		08/09/22		780,026
	200,000		Altria Group, Inc		2.950		05/02/23		194,653
	300,000		Altria Group, Inc		4.000		01/31/24		310,821
	50,000		Altria Group, Inc		10.200		02/06/39		81,993
	300,000		Altria Group, Inc		4.250		08/09/42		275,245
	300,000		Altria Group, Inc		4.500		05/02/43		284,534

63

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	600,000	Altria Group, Inc		5.375	%	01/31/44	$	645,266
	1,250,000	Anheuser-Busch InBev Finance, Inc		1.125		01/27/17		1,247,467
	300,000	Anheuser-Busch InBev Finance, Inc		1.250		01/17/18		297,195
	500,000	Anheuser-Busch InBev Finance, Inc		2.150		02/01/19		497,244
	500,000	Anheuser-Busch InBev Finance, Inc		2.625		01/17/23		480,051
	500,000	Anheuser-Busch InBev Finance, Inc		3.700		02/01/24		510,353
	1,000,000	Anheuser-Busch InBev Finance, Inc		4.625		02/01/44		993,148
	1,390,000	Anheuser-Busch InBev Worldwide, Inc		5.000		04/15/20		1,521,570
	2,750,000	Anheuser-Busch InBev Worldwide, Inc		2.500		07/15/22		2,647,045
	485,000	Anheuser-Busch InBev Worldwide, Inc		6.375		01/15/40		579,100
	500,000	Anheuser-Busch InBev Worldwide, Inc		3.750		07/15/42		429,590
	719,000	Archer-Daniels-Midland Co		5.450		03/15/18		776,973
	740,000	Archer-Daniels-Midland Co		4.016		04/16/43		710,632
	200,000	Beam, Inc		1.750		06/15/18		197,003
	200,000	Beam, Inc		3.250		05/15/22		196,646
	200,000	Beam, Inc		3.250		06/15/23		192,322
	450,000	Bottling Group LLC		5.125		01/15/19		493,008
	200,000	Brown-Forman Corp		1.000		01/15/18		197,346
	200,000	Brown-Forman Corp		2.250		01/15/23		191,202
	200,000	Brown-Forman Corp		4.500		07/15/45		206,690
	100,000	Bunge Ltd		3.200		06/15/17		100,984
	100,000	Bunge Ltd		8.500		06/15/19		115,755
	500,000	Bunge Ltd		3.500		11/24/20		497,437
	325,000	Campbell Soup Co		3.050		07/15/17		332,310
	100,000	Campbell Soup Co		4.250		04/15/21		106,576
	150,000	Campbell Soup Co		2.500		08/02/22		142,317
	150,000	Campbell Soup Co		3.800		08/02/42		127,957
	300,000	Coca-Cola Bottling Co Consolidated		3.800		11/25/25		300,348
	400,000	Coca-Cola Co		1.150		04/01/18		398,902
	300,000	Coca-Cola Co		2.500		04/01/23		298,303
	300,000	Coca-Cola Co		0.750		11/01/16		299,680
	500,000	Coca-Cola Co		1.650		03/14/18		503,471
	300,000	Coca-Cola Co		1.650		11/01/18		302,563
	500,000	Coca-Cola Co		1.875		10/27/20		495,105
	300,000	Coca-Cola Co		2.450		11/01/20		305,567
	410,000	Coca-Cola Co		3.150		11/15/20		429,339
	1,000,000	Coca-Cola Co		3.200		11/01/23		1,034,766
	500,000	Coca-Cola Co		2.875		10/27/25		493,014
	100,000	Coca-Cola Enterprises, Inc		3.500		09/15/20		102,243
	100,000	Coca-Cola Enterprises, Inc		3.250		08/19/21		100,548
	200,000	Coca-Cola Femsa SAB de C.V.		2.375		11/26/18		199,683
	100,000	Coca-Cola Femsa SAB de C.V.		4.625		02/15/20		105,610
	500,000	Coca-Cola Femsa SAB de C.V.		3.875		11/26/23		501,711
	200,000	Coca-Cola Femsa SAB de C.V.		5.250		11/26/43		207,944
	1,100,000	ConAgra Foods, Inc		1.900		01/25/18		1,093,971
	255,000	ConAgra Foods, Inc		7.000		04/15/19		286,692
	200,000	ConAgra Foods, Inc		3.250		09/15/22		193,063
	91,000	ConAgra Foods, Inc		3.200		01/25/23		87,551
	100,000	ConAgra Foods, Inc		7.000		10/01/28		118,145
	100,000	ConAgra Foods, Inc		6.625		08/15/39		107,672
	297,000	ConAgra Foods, Inc		4.650		01/25/43		264,914
	100,000	Corn Products International, Inc		4.625		11/01/20		105,200

64

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	500,000		Diageo Capital plc		1.500	%	05/11/17	$	499,729
	325,000		Diageo Capital plc		5.750		10/23/17		348,951
	500,000		Diageo Capital plc		1.125		04/29/18		491,871
	200,000		Diageo Capital plc		5.875		09/30/36		233,752
	400,000		Diageo Capital plc		3.875		04/29/43		371,935
	350,000		Dr Pepper Snapple Group, Inc		2.600		01/15/19		352,017
	150,000		Dr Pepper Snapple Group, Inc		2.000		01/15/20		146,630
	150,000		Dr Pepper Snapple Group, Inc		2.700		11/15/22		144,209
	200,000		Dr Pepper Snapple Group, Inc		3.400		11/15/25		196,482
	200,000		Dr Pepper Snapple Group, Inc		4.500		11/15/45		195,568
	150,000		Flowers Foods, Inc		4.375		04/01/22		155,957
	200,000		Fomento Economico Mexicano SAB de C.V.		2.875		05/10/23		186,709
	300,000		Fomento Economico Mexicano SAB de C.V.		4.375		05/10/43		264,681
	500,000		General Mills, Inc		1.400		10/20/17		497,553
	210,000		General Mills, Inc		5.650		02/15/19		230,482
	175,000		General Mills, Inc		2.200		10/21/19		175,054
	200,000		General Mills, Inc		3.150		12/15/21		200,244
	500,000		General Mills, Inc		3.650		02/15/24		513,683
	150,000		General Mills, Inc		5.400		06/15/40		163,771
	100,000		General Mills, Inc		4.150		02/15/43		93,415
	100,000		Hershey Co		1.500		11/01/16		100,468
	150,000		Hershey Co		4.125		12/01/20		161,763
	200,000		Hershey Co		3.200		08/21/25		202,439
	800,000	g	HJ Heinz Co		1.600		06/30/17		797,740
	275,000	g	HJ Heinz Co		2.000		07/02/18		274,017
	300,000	g	HJ Heinz Co		2.800		07/02/20		299,297
	200,000	g	HJ Heinz Co		3.500		07/15/22		201,402
	900,000	g	HJ Heinz Co		3.950		07/15/25		908,713
	200,000	g	HJ Heinz Co		5.000		07/15/35		204,919
	700,000	g	HJ Heinz Co		5.200		07/15/45		730,935
	250,000		Ingredion, Inc		1.800		09/25/17		247,734
	125,000		JM Smucker Co		1.750		03/15/18		124,420
	175,000		JM Smucker Co		2.500		03/15/20		173,770
	100,000		JM Smucker Co		3.500		10/15/21		102,940
	300,000		JM Smucker Co		3.000		03/15/22		298,499
	100,000		JM Smucker Co		3.500		03/15/25		99,544
	300,000		JM Smucker Co		4.250		03/15/35		293,051
	300,000		JM Smucker Co		4.375		03/15/45		291,875
	100,000		Kellogg Co		1.875		11/17/16		100,652
	200,000		Kellogg Co		1.750		05/17/17		200,096
	1,279,000		Kellogg Co		4.000		12/15/20		1,345,363
	100,000		Kellogg Co		7.450		04/01/31		127,078
	600,000		Kraft Foods Group, Inc		2.250		06/05/17		604,297
	1,525,000		Kraft Foods Group, Inc		3.500		06/06/22		1,542,190
	300,000		Kraft Foods Group, Inc		6.500		02/09/40		349,434
	700,000		Kraft Foods Group, Inc		5.000		06/04/42		704,803
	200,000		McCormick & Co, Inc		3.500		09/01/23		203,460
	200,000		McCormick & Co, Inc		3.250		11/15/25		199,904
	385,000		Mead Johnson Nutrition Co		4.900		11/01/19		414,139
	100,000		Mead Johnson Nutrition Co		3.000		11/15/20		100,015
	225,000		Mead Johnson Nutrition Co		4.125		11/15/25		226,809
	100,000		Mead Johnson Nutrition Co		4.600		06/01/44		92,568

65

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	150,000	Molson Coors Brewing Co		3.500	%	05/01/22	$	150,839
	300,000	Molson Coors Brewing Co		5.000		05/01/42		288,723
	1,500,000	Mondelez International, Inc		2.250		02/01/19		1,499,657
	1,000,000	Mondelez International, Inc		4.000		02/01/24		1,031,493
	300,000	PepsiCo, Inc		0.950		02/22/17		299,431
	250,000	PepsiCo, Inc		1.125		07/17/17		249,977
	250,000	PepsiCo, Inc		1.250		08/13/17		250,084
	125,000	PepsiCo, Inc		1.000		10/13/17		124,359
	840,000	PepsiCo, Inc		7.900		11/01/18		984,396
	400,000	PepsiCo, Inc		2.250		01/07/19		405,427
	100,000	PepsiCo, Inc		4.500		01/15/20		108,652
	500,000	PepsiCo, Inc		1.850		04/30/20		496,053
	300,000	PepsiCo, Inc		2.150		10/14/20		298,745
	400,000	PepsiCo, Inc		3.125		11/01/20		414,130
	200,000	PepsiCo, Inc		3.000		08/25/21		206,184
	400,000	PepsiCo, Inc		2.750		03/05/22		401,120
	300,000	PepsiCo, Inc		3.100		07/17/22		307,674
	500,000	PepsiCo, Inc		2.750		03/01/23		498,050
	1,000,000	PepsiCo, Inc		3.600		03/01/24		1,046,976
	300,000	PepsiCo, Inc		2.750		04/30/25		291,200
	425,000	PepsiCo, Inc		3.500		07/17/25		439,641
	310,000	PepsiCo, Inc		4.875		11/01/40		331,392
	400,000	PepsiCo, Inc		4.000		03/05/42		386,147
	200,000	PepsiCo, Inc		3.600		08/13/42		181,063
	450,000	PepsiCo, Inc		4.600		07/17/45		475,813
	600,000	PepsiCo, Inc		4.450		04/14/46		619,329
	500,000	Philip Morris International, Inc		1.125		08/21/17		499,267
	1,300,000	Philip Morris International, Inc		5.650		05/16/18		1,418,568
	300,000	Philip Morris International, Inc		1.875		01/15/19		299,231
	200,000	Philip Morris International, Inc		2.900		11/15/21		202,381
	200,000	Philip Morris International, Inc		2.500		08/22/22		195,963
	500,000	Philip Morris International, Inc		2.625		03/06/23		490,303
	300,000	Philip Morris International, Inc		3.600		11/15/23		312,796
	500,000	Philip Morris International, Inc		3.250		11/10/24		503,064
	300,000	Philip Morris International, Inc		3.375		08/11/25		303,638
	240,000	Philip Morris International, Inc		6.375		05/16/38		302,728
	150,000	Philip Morris International, Inc		4.375		11/15/41		149,041
	200,000	Philip Morris International, Inc		4.500		03/20/42		198,317
	150,000	Philip Morris International, Inc		3.875		08/21/42		136,899
	300,000	Philip Morris International, Inc		4.125		03/04/43		283,614
	200,000	Philip Morris International, Inc		4.875		11/15/43		211,266
	500,000	Philip Morris International, Inc		4.250		11/10/44		483,012
	50,000	Reynolds American, Inc		6.750		06/15/17		53,377
	200,000	Reynolds American, Inc		7.750		06/01/18		225,561
	450,000	Reynolds American, Inc		2.300		06/12/18		452,857
	270,000	Reynolds American, Inc		6.875		05/01/20		311,515
	325,000	Reynolds American, Inc		3.250		06/12/20		330,332
	750,000	Reynolds American, Inc		4.000		06/12/22		780,191
	400,000	Reynolds American, Inc		3.250		11/01/22		395,719
	200,000	Reynolds American, Inc		4.850		09/15/23		213,895
	750,000	Reynolds American, Inc		5.700		08/15/35		821,703
	65,000	Reynolds American, Inc		7.250		06/15/37		79,573

66

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	400,000	Reynolds American, Inc		4.750	%	11/01/42	$	381,723
	200,000	Reynolds American, Inc		6.150		09/15/43		226,678
	750,000	Reynolds American, Inc		5.850		08/15/45		833,256
	133,000	Sara Lee Corp		4.100		09/15/20		135,798
	400,000	Tyson Foods, Inc		4.500		06/15/22		426,031
	500,000	Tyson Foods, Inc		3.950		08/15/24		513,398
	500,000	Tyson Foods, Inc		5.150		08/15/44		522,150
		TOTAL FOOD, BEVERAGE & TOBACCO						68,897,554
HEALTH CARE EQUIPMENT & SERVICES - 0.7%
	200,000	Allergan, Inc		1.350		03/15/18		196,521
	250,000	Allergan, Inc		3.375		09/15/20		251,919
	200,000	Allergan, Inc		2.800		03/15/23		188,399
	200,000	Allina Health System		4.805		11/15/45		205,479
	450,000	AmerisourceBergen Corp		1.150		05/15/17		446,772
	100,000	AmerisourceBergen Corp		3.500		11/15/21		102,096
	400,000	AmerisourceBergen Corp		3.400		05/15/24		390,904
	200,000	AmerisourceBergen Corp		3.250		03/01/25		193,751
	200,000	Ascension Health, Inc		4.847		11/15/53		215,488
	300,000	Baxter International, Inc		0.950		06/01/16		299,823
	300,000	Baxter International, Inc		1.850		06/15/18		298,198
	420,000	Baxter International, Inc		4.500		08/15/19		445,192
	290,000	Baylor Scott & White Holdings		4.185		11/15/45		274,232
	100,000	Becton Dickinson & Co		1.450		05/15/17		99,584
	750,000	Becton Dickinson & Co		1.800		12/15/17		748,950
	25,000	Becton Dickinson & Co		5.000		05/15/19		27,002
	100,000	Becton Dickinson & Co		6.375		08/01/19		112,914
	475,000	Becton Dickinson & Co		2.675		12/15/19		477,719
	150,000	Becton Dickinson & Co		3.250		11/12/20		152,151
	850,000	Becton Dickinson & Co		3.125		11/08/21		857,178
	200,000	Becton Dickinson & Co		3.300		03/01/23		197,651
	325,000	Becton Dickinson & Co		3.734		12/15/24		327,983
	300,000	Becton Dickinson & Co		4.875		05/15/44		303,045
	500,000	Becton Dickinson & Co		4.685		12/15/44		504,423
	100,000	Bio-Rad Laboratories, Inc		4.875		12/15/20		106,792
	650,000	Boston Scientific Corp		6.000		01/15/20		721,744
	300,000	Boston Scientific Corp		2.850		05/15/20		298,569
	300,000	Boston Scientific Corp		3.375		05/15/22		296,098
	150,000	Boston Scientific Corp		4.125		10/01/23		151,838
	400,000	Boston Scientific Corp		3.850		05/15/25		393,643
	200,000	Cardinal Health, Inc		1.700		03/15/18		199,469
	200,000	Cardinal Health, Inc		1.950		06/15/18		199,473
	200,000	Cardinal Health, Inc		2.400		11/15/19		199,997
	100,000	Cardinal Health, Inc		4.625		12/15/20		108,474
	100,000	Cardinal Health, Inc		3.200		06/15/22		98,827
	200,000	Cardinal Health, Inc		3.200		03/15/23		197,570
	100,000	Cardinal Health, Inc		3.500		11/15/24		100,171
	200,000	Cardinal Health, Inc		3.750		09/15/25		203,161
	100,000	Cardinal Health, Inc		4.600		03/15/43		98,467
	200,000	Cardinal Health, Inc		4.500		11/15/44		192,897
	200,000	Cardinal Health, Inc		4.900		09/15/45		204,337
	100,000	Coventry Health Care, Inc		5.450		06/15/21		110,452

67

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	450,000	Covidien International Finance S.A.		6.000	%	10/15/17	$	484,756
	650,000	Covidien International Finance S.A.		3.200		06/15/22		651,630
	500,000	Covidien International Finance S.A.		2.950		06/15/23		492,253
	100,000	Covidien International Finance S.A.		6.550		10/15/37		125,279
	225,000	CR Bard, Inc		1.375		01/15/18		222,171
	100,000	CR Bard, Inc		4.400		01/15/21		105,832
	250,000	Dignity Health		3.812		11/01/24		254,268
	200,000	Dignity Health		5.267		11/01/64		205,109
	100,000	Edwards Lifesciences Corp		2.875		10/15/18		101,180
	300,000	Express Scripts Holding Co		2.650		02/15/17		302,963
	200,000	Express Scripts Holding Co		1.250		06/02/17		198,675
	300,000	Express Scripts Holding Co		2.250		06/15/19		298,264
	250,000	Express Scripts Holding Co		4.750		11/15/21		268,110
	525,000	Express Scripts Holding Co		3.900		02/15/22		539,488
	300,000	Express Scripts Holding Co		3.500		06/15/24		295,716
	450,000	Express Scripts Holding Co		6.125		11/15/41		511,355
	100,000	Kaiser Foundation Hospitals		3.500		04/01/22		101,666
	100,000	Kaiser Foundation Hospitals		4.875		04/01/42		101,716
	200,000	Keysight Technologies, Inc		3.300		10/30/19		196,575
	200,000	Keysight Technologies, Inc		4.550		10/30/24		192,286
	200,000	Laboratory Corp of America Holdings		3.125		05/15/16		201,270
	100,000	Laboratory Corp of America Holdings		2.200		08/23/17		100,357
	250,000	Laboratory Corp of America Holdings		2.500		11/01/18		250,648
	150,000	Laboratory Corp of America Holdings		2.625		02/01/20		148,149
	300,000	Laboratory Corp of America Holdings		3.200		02/01/22		294,541
	200,000	Laboratory Corp of America Holdings		3.750		08/23/22		201,418
	200,000	Laboratory Corp of America Holdings		4.000		11/01/23		202,112
	100,000	Laboratory Corp of America Holdings		3.600		02/01/25		96,502
	300,000	Laboratory Corp of America Holdings		4.700		02/01/45		275,491
	200,000	Mayo Clinic Rochester		4.000		11/15/47		188,678
	25,000	McKesson Corp		5.700		03/01/17		26,193
	500,000	McKesson Corp		1.292		03/10/17		498,611
	180,000	McKesson Corp		4.750		03/01/21		194,519
	100,000	McKesson Corp		2.700		12/15/22		95,281
	200,000	McKesson Corp		2.850		03/15/23		191,952
	500,000	McKesson Corp		3.796		03/15/24		502,670
	100,000	McKesson Corp		6.000		03/01/41		115,133
	375,000	McKesson Corp		4.883		03/15/44		375,000
	250,000	Medco Health Solutions, Inc		7.125		03/15/18		276,378
	300,000	Medtronic, Inc		0.875		02/27/17		298,952
	625,000	Medtronic, Inc		1.500		03/15/18		624,682
	250,000	Medtronic, Inc		1.375		04/01/18		248,699
	875,000	Medtronic, Inc		2.500		03/15/20		881,440
	1,000,000	Medtronic, Inc		3.150		03/15/22		1,011,088
	1,000,000	Medtronic, Inc		3.625		03/15/24		1,024,891
	725,000	Medtronic, Inc		3.500		03/15/25		733,583
	1,000,000	Medtronic, Inc		4.375		03/15/35		1,010,307
	200,000	Medtronic, Inc		4.500		03/15/42		200,765
	150,000	Medtronic, Inc		4.000		04/01/43		139,206
	1,000,000	Medtronic, Inc		4.625		03/15/44		1,017,584
	850,000	Medtronic, Inc		4.625		03/15/45		876,373
	300,000	New York and Presbyterian Hospital		4.024		08/01/45		283,198

68

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	350,000	NYU Hospitals Center		5.750	%	07/01/43	$	399,364
	100,000	Owens & Minor, Inc		3.875		09/15/21		99,610
	150,000	PerkinElmer, Inc		5.000		11/15/21		158,473
	300,000	Quest Diagnostics, Inc		2.700		04/01/19		300,003
	200,000	Quest Diagnostics, Inc		2.500		03/30/20		197,359
	400,000	Quest Diagnostics, Inc		4.700		04/01/21		423,756
	125,000	Quest Diagnostics, Inc		3.500		03/30/25		120,776
	300,000	Quest Diagnostics, Inc		4.700		03/30/45		270,152
	200,000	Southern Baptist Hospital of Florida, Inc		4.857		07/15/45		206,642
	300,000	St. Jude Medical, Inc		2.800		09/15/20		300,113
	200,000	St. Jude Medical, Inc		3.250		04/15/23		196,498
	300,000	St. Jude Medical, Inc		3.875		09/15/25		302,987
	200,000	St. Jude Medical, Inc		4.750		04/15/43		195,476
	150,000	Stryker Corp		2.000		09/30/16		151,142
	200,000	Stryker Corp		1.300		04/01/18		198,555
	90,000	Stryker Corp		4.375		01/15/20		96,857
	200,000	Stryker Corp		3.375		05/15/24		200,074
	200,000	Stryker Corp		3.375		11/01/25		197,872
	200,000	Stryker Corp		4.100		04/01/43		188,973
	200,000	Stryker Corp		4.375		05/15/44		197,642
	100,000	Texas Health Resources		4.330		11/15/55		95,667
	175,000	Thermo Fisher Scientific, Inc		1.300		02/01/17		174,379
	350,000	Thermo Fisher Scientific, Inc		1.850		01/15/18		348,928
	200,000	Thermo Fisher Scientific, Inc		2.150		12/14/18		199,892
	100,000	Thermo Fisher Scientific, Inc		2.400		02/01/19		99,983
	650,000	Thermo Fisher Scientific, Inc		3.300		02/15/22		648,779
	250,000	Thermo Fisher Scientific, Inc		3.150		01/15/23		243,484
	600,000	Thermo Fisher Scientific, Inc		4.150		02/01/24		623,554
	150,000	Thermo Fisher Scientific, Inc		3.650		12/15/25		149,285
	200,000	Thermo Fisher Scientific, Inc		5.300		02/01/44		213,515
	200,000	Trinity Health Corp		4.125		12/01/45		189,592
	750,000	Zimmer Holdings, Inc		1.450		04/01/17		746,374
	750,000	Zimmer Holdings, Inc		3.150		04/01/22		737,342
	625,000	Zimmer Holdings, Inc		3.550		04/01/25		607,657
	550,000	Zimmer Holdings, Inc		4.250		08/15/35		512,729
	106,000	Zimmer Holdings, Inc		5.750		11/30/39		116,030
	300,000	Zimmer Holdings, Inc		4.450		08/15/45		275,754
		TOTAL HEALTH CARE EQUIPMENT & SERVICES						39,819,584
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	100,000	Clorox Co		3.800		11/15/21		104,224
	100,000	Clorox Co		3.050		09/15/22		98,769
	200,000	Clorox Co		3.500		12/15/24		199,722
	400,000	Colgate-Palmolive Co		1.300		01/15/17		400,756
	100,000	Colgate-Palmolive Co		0.900		05/01/18		99,018
	300,000	Colgate-Palmolive Co		1.750		03/15/19		300,712
	200,000	Colgate-Palmolive Co		2.300		05/03/22		198,365
	200,000	Colgate-Palmolive Co		1.950		02/01/23		191,958
	300,000	Colgate-Palmolive Co		3.250		03/15/24		312,089
	60,000	Colgate-Palmolive Co		6.450		06/16/28		78,099
	300,000	Colgate-Palmolive Co		4.000		08/15/45		300,665
	100,000	Ecolab, Inc		3.000		12/08/16		101,438

69

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	250,000		Ecolab, Inc		1.450	%	12/08/17	$	247,644
	375,000		Ecolab, Inc		2.250		01/12/20		372,972
	350,000		Ecolab, Inc		4.350		12/08/21		373,734
	100,000		Ecolab, Inc		5.500		12/08/41		108,855
	200,000		Estee Lauder Cos, Inc		2.350		08/15/22		193,599
	100,000		Estee Lauder Cos, Inc		6.000		05/15/37		120,692
	200,000		Estee Lauder Cos, Inc		4.375		06/15/45		201,656
	1,000,000		Procter & Gamble Co		4.700		02/15/19		1,089,919
	300,000		Procter & Gamble Co		1.900		11/01/19		302,042
	800,000		Procter & Gamble Co		2.300		02/06/22		799,485
	600,000		Procter & Gamble Co		3.100		08/15/23		625,838
	225,000		Procter & Gamble Co		5.550		03/05/37		273,419
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						7,095,670
INSURANCE - 1.1%
	25,000		ACE INA Holdings, Inc		5.800		03/15/18		27,138
	500,000		ACE INA Holdings, Inc		5.900		06/15/19		559,504
	500,000		ACE INA Holdings, Inc		2.300		11/03/20		496,629
	500,000		ACE INA Holdings, Inc		2.875		11/03/22		496,510
	250,000		ACE INA Holdings, Inc		2.700		03/13/23		244,383
	300,000		ACE INA Holdings, Inc		3.350		05/15/24		303,001
	400,000		ACE INA Holdings, Inc		3.150		03/15/25		395,557
	175,000		ACE INA Holdings, Inc		3.350		05/03/26		174,495
	150,000		ACE INA Holdings, Inc		4.150		03/13/43		146,746
	200,000		ACE INA Holdings, Inc		4.350		11/03/45		203,247
	125,000		Aetna, Inc		1.500		11/15/17		124,526
	300,000		Aetna, Inc		2.200		03/15/19		298,488
	250,000		Aetna, Inc		3.950		09/01/20		263,311
	500,000		Aetna, Inc		2.750		11/15/22		485,746
	300,000		Aetna, Inc		3.500		11/15/24		299,689
	240,000		Aetna, Inc		6.625		06/15/36		287,678
	350,000		Aetna, Inc		4.500		05/15/42		343,515
	500,000		Aetna, Inc		4.125		11/15/42		467,830
	200,000		Aflac, Inc		2.400		03/16/20		201,102
	300,000		Aflac, Inc		4.000		02/15/22		317,011
	600,000		Aflac, Inc		3.625		06/15/23		621,224
	200,000		Aflac, Inc		3.625		11/15/24		203,562
	200,000		Aflac, Inc		3.250		03/17/25		197,487
	125,000		Aflac, Inc		6.900		12/17/39		161,511
	300,000		Alleghany Corp		4.950		06/27/22		321,677
	200,000		Alleghany Corp		4.900		09/15/44		189,667
	300,000		Allied World Assurance Co Holdings Ltd		4.350		10/29/25		295,364
	100,000		Allied World Assurance Co Ltd		7.500		08/01/16		103,316
	1,250,000		Allstate Corp		3.150		06/15/23		1,249,752
	100,000		Allstate Corp		4.500		06/15/43		101,596
	200,000	i	Allstate Corp		5.750		08/15/53		205,600
	100,000		American Financial Group, Inc		9.875		06/15/19		121,356
	325,000		American International Group, Inc		2.300		07/16/19		322,284
	1,600,000		American International Group, Inc		4.875		06/01/22		1,729,030
	200,000		American International Group, Inc		3.750		07/10/25		198,329
	500,000		American International Group, Inc		3.875		01/15/35		440,957
	300,000		American International Group, Inc		4.700		07/10/35		298,303

70

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	800,000		American International Group, Inc		6.250	%	05/01/36	$	924,254
	328,000		American International Group, Inc		6.820		11/15/37		391,889
	500,000		American International Group, Inc		4.500		07/16/44		462,423
	300,000		American International Group, Inc		4.800		07/10/45		290,084
	200,000		American International Group, Inc		4.375		01/15/55		171,839
	200,000		Aon plc		3.125		05/27/16		201,553
	50,000		Aon plc		5.000		09/30/20		54,660
	200,000		Aon plc		2.800		03/15/21		199,252
	200,000		Aon plc		4.000		11/27/23		205,031
	300,000		Aon plc		3.500		06/14/24		293,049
	200,000		Aon plc		6.250		09/30/40		239,062
	100,000		Aon plc		4.250		12/12/42		89,273
	200,000		Aon plc		4.450		05/24/43		187,078
	250,000		Aon plc		4.750		05/15/45		247,106
	300,000		Arch Capital Group US, Inc		5.144		11/01/43		303,661
	200,000		Aspen Insurance Holdings Ltd		4.650		11/15/23		205,020
	100,000		Assurant, Inc		2.500		03/15/18		99,854
	100,000		Assurant, Inc		4.000		03/15/23		100,066
	100,000		Assurant, Inc		6.750		02/15/34		115,965
	200,000		Assured Guaranty US Holdings, Inc		5.000		07/01/24		207,905
	270,000		AXA S.A.		8.600		12/15/30		362,812
	200,000		AXIS Specialty Finance plc		2.650		04/01/19		199,170
	50,000		AXIS Specialty Finance plc		5.875		06/01/20		55,239
	200,000		AXIS Specialty Finance plc		5.150		04/01/45		196,150
	300,000		Berkshire Hathaway Finance Corp		1.600		05/15/17		301,957
	225,000		Berkshire Hathaway Finance Corp		1.300		05/15/18		223,138
	750,000		Berkshire Hathaway Finance Corp		5.400		05/15/18		814,144
	600,000		Berkshire Hathaway Finance Corp		2.000		08/15/18		608,972
	200,000		Berkshire Hathaway Finance Corp		2.900		10/15/20		207,327
	400,000		Berkshire Hathaway Finance Corp		3.000		05/15/22		407,059
	300,000		Berkshire Hathaway Finance Corp		4.400		05/15/42		296,990
	100,000		Berkshire Hathaway Finance Corp		4.300		05/15/43		97,997
	40,000		Chubb Corp		5.750		05/15/18		43,542
	350,000		Chubb Corp		6.000		05/11/37		429,077
	300,000	i	Chubb Corp		6.375		04/15/37		288,099
	540,000		Cigna Corp		5.125		06/15/20		589,469
	400,000		Cigna Corp		4.500		03/15/21		424,594
	400,000		Cigna Corp		3.250		04/15/25		392,835
	400,000		Cigna Corp		5.375		02/15/42		438,166
	200,000		Cincinnati Financial Corp		6.920		05/15/28		245,502
	40,000		CNA Financial Corp		6.500		08/15/16		41,187
	500,000		CNA Financial Corp		5.750		08/15/21		559,776
	125,000		CNA Financial Corp		3.950		05/15/24		124,503
	300,000		Everest Reinsurance Holdings, Inc		4.868		06/01/44		282,970
	250,000		Fidelity National Financial, Inc		5.500		09/01/22		265,468
	100,000		First American Financial Corp		4.300		02/01/23		99,321
	250,000		Hartford Financial Services Group, Inc		5.125		04/15/22		274,629
	321,000		Hartford Financial Services Group, Inc		6.625		03/30/40		396,201
	400,000		Hartford Financial Services Group, Inc		4.300		04/15/43		372,267
	300,000		Humana, Inc		2.625		10/01/19		300,785
	100,000		Humana, Inc		3.150		12/01/22		97,264
	300,000		Humana, Inc		3.850		10/01/24		302,188

71

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	100,000	Humana, Inc		8.150	%	06/15/38	$	135,891
	200,000	Humana, Inc		4.625		12/01/42		187,806
	300,000	Humana, Inc		4.950		10/01/44		298,014
	100,000	Infinity Property & Casualty Corp		5.000		09/19/22		100,512
	300,000	ING US, Inc		2.900		02/15/18		303,297
	150,000	ING US, Inc		5.500		07/15/22		167,913
	200,000	ING US, Inc		5.700		07/15/43		226,898
	200,000	Kemper Corp		4.350		02/15/25		198,672
	400,000	Leucadia National Corp		5.500		10/18/23		390,742
	200,000	Lincoln National Corp		8.750		07/01/19		240,277
	400,000	Lincoln National Corp		4.200		03/15/22		418,256
	525,000	Lincoln National Corp		4.000		09/01/23		537,891
	175,000	Lincoln National Corp		3.350		03/09/25		168,879
	30,000	Lincoln National Corp		6.150		04/07/36		34,417
	150,000	Lincoln National Corp		7.000		06/15/40		188,137
	100,000	Loews Corp		5.250		03/15/16		100,826
	200,000	Loews Corp		2.625		05/15/23		190,585
	200,000	Loews Corp		4.125		05/15/43		180,607
	100,000	Manulife Financial Corp		4.900		09/17/20		108,868
	100,000	Markel Corp		7.125		09/30/19		114,822
	150,000	Markel Corp		4.900		07/01/22		160,918
	100,000	Markel Corp		3.625		03/30/23		98,677
	100,000	Markel Corp		5.000		03/30/43		99,650
	100,000	Marsh & McLennan Cos, Inc		2.550		10/15/18		100,975
	500,000	Marsh & McLennan Cos, Inc		2.350		09/10/19		498,991
	150,000	Marsh & McLennan Cos, Inc		4.800		07/15/21		163,280
	200,000	Marsh & McLennan Cos, Inc		4.050		10/15/23		206,765
	152,000	Marsh & McLennan Cos, Inc		3.500		06/03/24		150,617
	500,000	Marsh & McLennan Cos, Inc		3.500		03/10/25		492,522
	200,000	Memorial Sloan-Kettering Cancer Center		4.125		07/01/52		186,565
	500,000	Memorial Sloan-Kettering Cancer Center		4.200		07/01/55		481,384
	175,000	MetLife, Inc		1.756		12/15/17		175,174
	200,000	MetLife, Inc		1.903		12/15/17		201,181
	1,050,000	MetLife, Inc		4.750		02/08/21		1,149,342
	700,000	MetLife, Inc		3.048		12/15/22		698,991
	325,000	MetLife, Inc		4.368		09/15/23		349,060
	500,000	MetLife, Inc		3.600		04/10/24		513,386
	200,000	MetLife, Inc		3.600		11/13/25		201,540
	50,000	MetLife, Inc		6.375		06/15/34		61,406
	405,000	MetLife, Inc		5.700		06/15/35		468,032
	130,000	MetLife, Inc		5.875		02/06/41		152,580
	200,000	MetLife, Inc		4.125		08/13/42		189,632
	600,000	MetLife, Inc		4.875		11/13/43		629,783
	500,000	MetLife, Inc		4.721		12/15/44		510,626
	300,000	MetLife, Inc		4.050		03/01/45		277,946
	150,000	MetLife, Inc		4.600		05/13/46		150,962
	200,000	Montpelier Re Holdings Ltd		4.700		10/15/22		203,301
	20,000	Nationwide Financial Services		6.750		05/15/37		20,000
	200,000	Navigators Group, Inc		5.750		10/15/23		212,860
	200,000	Old Republic International Corp		4.875		10/01/24		204,977
	500,000	OneBeacon US Holdings, Inc		4.600		11/09/22		502,575
	100,000	PartnerRe Ltd		5.500		06/01/20		109,668

72

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	100,000	g	Primerica, Inc		4.750	%	07/15/22	$	105,725
	100,000		Principal Financial Group, Inc		1.850		11/15/17		100,081
	130,000		Principal Financial Group, Inc		8.875		05/15/19		155,600
	100,000		Principal Financial Group, Inc		3.300		09/15/22		99,819
	150,000		Principal Financial Group, Inc		3.125		05/15/23		146,972
	200,000		Principal Financial Group, Inc		3.400		05/15/25		196,090
	100,000		Principal Financial Group, Inc		6.050		10/15/36		115,612
	100,000		Principal Financial Group, Inc		4.625		09/15/42		97,464
	200,000		Principal Financial Group, Inc		4.350		05/15/43		187,143
	200,000	i	Principal Financial Group, Inc		4.700		05/15/55		198,800
	120,000		Progressive Corp		6.250		12/01/32		147,194
	300,000	i	Progressive Corp		6.700		06/15/37		299,250
	300,000		Progressive Corp		4.350		04/25/44		302,399
	300,000		Progressive Corp		3.700		01/26/45		271,505
	100,000		Protective Life Corp		7.375		10/15/19		115,715
	300,000		Prudential Financial, Inc		3.000		05/12/16		301,658
	60,000		Prudential Financial, Inc		6.100		06/15/17		63,567
	100,000		Prudential Financial, Inc		2.300		08/15/18		100,733
	1,020,000		Prudential Financial, Inc		7.375		06/15/19		1,183,755
	200,000		Prudential Financial, Inc		2.350		08/15/19		199,065
	300,000		Prudential Financial, Inc		4.500		11/16/21		324,026
	400,000		Prudential Financial, Inc		5.750		07/15/33		453,252
	450,000		Prudential Financial, Inc		6.200		11/15/40		530,894
	125,000	i	Prudential Financial, Inc		5.875		09/15/42		129,938
	500,000	i	Prudential Financial, Inc		5.625		06/15/43		511,250
	150,000		Prudential Financial, Inc		5.100		08/15/43		156,277
	100,000	i	Prudential Financial, Inc		5.200		03/15/44		96,550
	800,000		Prudential Financial, Inc		4.600		05/15/44		795,968
	200,000	i	Prudential Financial, Inc		5.375		05/15/45		199,750
	150,000		Reinsurance Group of America, Inc		5.625		03/15/17		156,322
	100,000		Reinsurance Group of America, Inc		5.000		06/01/21		107,865
	250,000		Reinsurance Group of America, Inc		4.700		09/15/23		263,704
	200,000		RenaissanceRe Finance, Inc		3.700		04/01/25		191,286
	100,000		StanCorp Financial Group, Inc		5.000		08/15/22		104,106
	250,000		Torchmark Corp		3.800		09/15/22		247,116
	20,000		Transatlantic Holdings, Inc		8.000		11/30/39		25,705
	610,000		Travelers Cos, Inc		5.800		05/15/18		666,248
	130,000		Travelers Cos, Inc		5.900		06/02/19		146,367
	600,000		Travelers Cos, Inc		5.350		11/01/40		689,701
	200,000		Travelers Cos, Inc		4.600		08/01/43		210,107
	250,000		Travelers Cos, Inc		4.300		08/25/45		252,033
	100,000		Travelers Property Casualty Corp		6.375		03/15/33		122,589
	300,000		UnitedHealth Group, Inc		1.400		12/15/17		299,145
	324,000		UnitedHealth Group, Inc		6.000		02/15/18		352,410
	500,000		UnitedHealth Group, Inc		1.900		07/16/18		501,612
	900,000		UnitedHealth Group, Inc		1.625		03/15/19		890,306
	500,000		UnitedHealth Group, Inc		2.300		12/15/19		502,508
	500,000		UnitedHealth Group, Inc		2.700		07/15/20		505,435
	700,000		UnitedHealth Group, Inc		4.700		02/15/21		766,303
	500,000		UnitedHealth Group, Inc		2.875		12/15/21		505,875
	500,000		UnitedHealth Group, Inc		3.350		07/15/22		511,481
	325,000		UnitedHealth Group, Inc		2.750		02/15/23		318,714

73

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	200,000	UnitedHealth Group, Inc		2.875	%	03/15/23	$	197,895
	500,000	UnitedHealth Group, Inc		3.750		07/15/25		515,909
	750,000	UnitedHealth Group, Inc		4.625		07/15/35		778,466
	365,000	UnitedHealth Group, Inc		6.625		11/15/37		465,448
	250,000	UnitedHealth Group, Inc		6.875		02/15/38		326,768
	150,000	UnitedHealth Group, Inc		4.625		11/15/41		152,248
	300,000	UnitedHealth Group, Inc		4.375		03/15/42		294,566
	350,000	UnitedHealth Group, Inc		3.950		10/15/42		325,735
	200,000	UnitedHealth Group, Inc		4.250		03/15/43		194,299
	500,000	UnitedHealth Group, Inc		4.750		07/15/45		526,158
	110,000	Unum Group		5.625		09/15/20		120,991
	200,000	Unum Group		4.000		03/15/24		199,677
	200,000	Unum Group		3.875		11/05/25		196,881
	200,000	Verisk Analytics, Inc		5.800		05/01/21		221,682
	500,000	Verisk Analytics, Inc		4.000		06/15/25		485,730
	300,000	Verisk Analytics, Inc		5.500		06/15/45		286,404
	200,000	WellPoint, Inc		1.875		01/15/18		199,152
	1,250,000	WellPoint, Inc		2.300		07/15/18		1,247,910
	300,000	WellPoint, Inc		2.250		08/15/19		298,195
	150,000	WellPoint, Inc		3.700		08/15/21		153,393
	800,000	WellPoint, Inc		3.125		05/15/22		785,478
	200,000	WellPoint, Inc		3.300		01/15/23		194,454
	300,000	WellPoint, Inc		3.500		08/15/24		292,940
	300,000	WellPoint, Inc		4.625		05/15/42		283,286
	200,000	WellPoint, Inc		4.650		01/15/43		190,395
	500,000	WellPoint, Inc		5.100		01/15/44		501,558
	300,000	WellPoint, Inc		4.650		08/15/44		285,910
	300,000	WellPoint, Inc		4.850		08/15/54		279,447
	200,000	Willis Group Holdings plc		5.750		03/15/21		221,123
	165,000	WR Berkley Corp		5.375		09/15/20		181,356
	250,000	WR Berkley Corp		4.625		03/15/22		264,144
	200,000	WR Berkley Corp		4.750		08/01/44		191,602
	350,000	XL Capital Ltd		6.375		11/15/24		408,154
	200,000	XLIT Ltd		2.300		12/15/18		200,063
	200,000	XLIT Ltd		4.450		03/31/25		196,032
	200,000	XLIT Ltd		5.250		12/15/43		206,829
		TOTAL INSURANCE						69,334,887
MATERIALS - 1.0%
	300,000	3M Co		1.375		09/29/16		300,778
	200,000	3M Co		1.000		06/26/17		199,727
	200,000	3M Co		1.375		08/07/18		199,604
	200,000	3M Co		2.000		06/26/22		194,611
	200,000	3M Co		3.000		08/07/25		204,206
	190,000	3M Co		5.700		03/15/37		234,454
	300,000	3M Co		3.875		06/15/44		292,195
	100,000	Agrium, Inc		6.750		01/15/19		111,546
	150,000	Agrium, Inc		3.150		10/01/22		143,512
	200,000	Agrium, Inc		3.500		06/01/23		190,934
	250,000	Agrium, Inc		3.375		03/15/25		228,220
	200,000	Agrium, Inc		4.125		03/15/35		170,121
	100,000	Agrium, Inc		6.125		01/15/41		106,502

74

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	200,000	Agrium, Inc		4.900	%	06/01/43	$	178,909
	225,000	Agrium, Inc		5.250		01/15/45		209,729
	200,000	Air Products & Chemicals, Inc		1.200		10/15/17		198,864
	150,000	Air Products & Chemicals, Inc		3.000		11/03/21		150,735
	150,000	Air Products & Chemicals, Inc		2.750		02/03/23		146,712
	300,000	Air Products & Chemicals, Inc		3.350		07/31/24		299,452
	200,000	Airgas, Inc		1.650		02/15/18		199,151
	250,000	Airgas, Inc		2.900		11/15/22		242,607
	200,000	Airgas, Inc		3.650		07/15/24		197,468
	100,000	Albemarle Corp		3.000		12/01/19		98,118
	100,000	Albemarle Corp		4.500		12/15/20		103,343
	200,000	Albemarle Corp		4.150		12/01/24		191,151
	200,000	Avery Dennison Corp		3.350		04/15/23		194,965
	180,000	Barrick Australian Finance Pty Ltd		5.950		10/15/39		122,821
	385,000	Barrick Gold Corp		4.100		05/01/23		330,300
	250,000	Barrick Gold Corp		5.250		04/01/42		168,343
	1,500,000	Barrick North America Finance LLC		4.400		05/30/21		1,347,208
	300,000	Barrick North America Finance LLC		5.750		05/01/43		216,975
	100,000	Bemis Co, Inc		6.800		08/01/19		113,246
	500,000	BHP Billiton Finance USA Ltd		1.625		02/24/17		498,999
	300,000	BHP Billiton Finance USA Ltd		2.050		09/30/18		294,749
	450,000	BHP Billiton Finance USA Ltd		6.500		04/01/19		495,729
	100,000	BHP Billiton Finance USA Ltd		3.250		11/21/21		93,971
	1,675,000	BHP Billiton Finance USA Ltd		3.850		09/30/23		1,586,091
	500,000	BHP Billiton Finance USA Ltd		4.125		02/24/42		394,698
	500,000	BHP Billiton Finance USA Ltd		5.000		09/30/43		453,090
	600,000	Braskem Finance Ltd		6.450		02/03/24		516,000
	200,000	Cabot Corp		3.700		07/15/22		196,385
	200,000	Carpenter Technology Corp		4.450		03/01/23		192,238
	100,000	Celulosa Arauco y Constitucion S.A.		5.000		01/21/21		104,261
	100,000	Celulosa Arauco y Constitucion S.A.		4.750		01/11/22		101,777
	400,000	Celulosa Arauco y Constitucion S.A.		4.500		08/01/24		396,145
	350,000	CF Industries, Inc		7.125		05/01/20		395,056
	200,000	CF Industries, Inc		3.450		06/01/23		186,169
	500,000	CF Industries, Inc		5.150		03/15/34		439,584
	200,000	CF Industries, Inc		4.950		06/01/43		170,050
	250,000	Church & Dwight Co, Inc		2.875		10/01/22		242,512
	100,000	Corning, Inc		1.450		11/15/17		99,143
	225,000	Corning, Inc		4.250		08/15/20		236,320
	300,000	Corning, Inc		2.900		05/15/22		287,560
	200,000	Corning, Inc		3.700		11/15/23		196,960
	100,000	Corning, Inc		5.750		08/15/40		107,189
	200,000	Corning, Inc		4.750		03/15/42		187,732
	150,000	Cytec Industries, Inc		3.500		04/01/23		141,424
	200,000	Domtar Corp		4.400		04/01/22		203,416
	100,000	Domtar Corp		6.250		09/01/42		93,687
	100,000	Domtar Corp		6.750		02/15/44		97,707
	591,000	Dow Chemical Co		8.550		05/15/19		696,771
	929,000	Dow Chemical Co		4.250		11/15/20		972,871
	500,000	Dow Chemical Co		4.125		11/15/21		524,347
	550,000	Dow Chemical Co		3.000		11/15/22		526,893
	400,000	Dow Chemical Co		3.500		10/01/24		388,092

75

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	400,000	Dow Chemical Co		4.250	%	10/01/34	$	360,934
	350,000	Dow Chemical Co		5.250		11/15/41		341,148
	375,000	Dow Chemical Co		4.375		11/15/42		326,715
	400,000	Dow Chemical Co		4.625		10/01/44		361,309
	175,000	Eastman Chemical Co		2.400		06/01/17		175,962
	165,000	Eastman Chemical Co		5.500		11/15/19		179,754
	400,000	Eastman Chemical Co		2.700		01/15/20		396,211
	250,000	Eastman Chemical Co		3.600		08/15/22		248,915
	300,000	Eastman Chemical Co		3.800		03/15/25		290,705
	150,000	Eastman Chemical Co		4.800		09/01/42		137,727
	300,000	Eastman Chemical Co		4.650		10/15/44		266,135
	50,000	EI du Pont de Nemours & Co		5.250		12/15/16		51,867
	700,000	EI du Pont de Nemours & Co		6.000		07/15/18		761,993
	1,420,000	EI du Pont de Nemours & Co		4.625		01/15/20		1,494,512
	300,000	EI du Pont de Nemours & Co		2.800		02/15/23		285,226
	225,000	EI du Pont de Nemours & Co		4.150		02/15/43		196,400
	100,000	FMC Corp		3.950		02/01/22		98,843
	200,000	FMC Corp		4.100		02/01/24		197,454
	1,250,000	Freeport-McMoRan, Inc		2.375		03/15/18		975,000
	300,000	Freeport-McMoRan, Inc		3.100		03/15/20		192,000
	300,000	Freeport-McMoRan, Inc		4.000		11/14/21		180,000
	650,000	Freeport-McMoRan, Inc		3.550		03/01/22		377,000
	675,000	Freeport-McMoRan, Inc		3.875		03/15/23		384,750
	700,000	Freeport-McMoRan, Inc		4.550		11/14/24		400,750
	200,000	Freeport-McMoRan, Inc		5.400		11/14/34		106,000
	400,000	Freeport-McMoRan, Inc		5.450		03/15/43		208,000
	300,000	Georgia-Pacific LLC		8.000		01/15/24		379,568
	250,000	Georgia-Pacific LLC		7.750		11/15/29		324,072
	250,000	Goldcorp, Inc		2.125		03/15/18		242,290
	250,000	Goldcorp, Inc		3.700		03/15/23		228,353
	300,000	Goldcorp, Inc		5.450		06/09/44		241,010
	100,000	Hubbell, Inc		3.625		11/15/22		102,937
	300,000	International Flavors & Fragrances, Inc		3.200		05/01/23		289,739
	1,000,000	International Paper Co		3.650		06/15/24		978,856
	250,000	International Paper Co		5.000		09/15/35		247,924
	170,000	International Paper Co		7.300		11/15/39		193,658
	450,000	International Paper Co		6.000		11/15/41		471,902
	300,000	International Paper Co		4.800		06/15/44		272,710
	250,000	International Paper Co		5.150		05/15/46		237,839
	330,000	Kimberly-Clark Corp		6.250		07/15/18		367,059
	200,000	Kimberly-Clark Corp		1.900		05/22/19		199,161
	200,000	Kimberly-Clark Corp		1.850		03/01/20		197,338
	225,000	Kimberly-Clark Corp		3.625		08/01/20		238,176
	100,000	Kimberly-Clark Corp		3.875		03/01/21		107,665
	125,000	Kimberly-Clark Corp		2.400		03/01/22		123,264
	200,000	Kimberly-Clark Corp		2.400		06/01/23		192,663
	150,000	Kimberly-Clark Corp		3.050		08/15/25		150,701
	200,000	Kimberly-Clark Corp		6.625		08/01/37		261,167
	200,000	Kimberly-Clark Corp		3.700		06/01/43		184,649
	150,000	Kinross Gold Corp		5.125		09/01/21		97,500
	500,000	Kinross Gold Corp		5.950		03/15/24		330,000
	92,000	Lubrizol Corp		8.875		02/01/19		109,919

76

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	150,000	Lubrizol Corp		6.500	%	10/01/34	$	186,981
	300,000	LYB International Finance BV		4.000		07/15/23		299,212
	300,000	LYB International Finance BV		5.250		07/15/43		287,842
	300,000	LYB International Finance BV		4.875		03/15/44		273,942
	500,000	LyondellBasell Industries NV		5.000		04/15/19		531,886
	300,000	LyondellBasell Industries NV		6.000		11/15/21		336,852
	300,000	LyondellBasell Industries NV		5.750		04/15/24		330,531
	125,000	LyondellBasell Industries NV		4.625		02/26/55		101,369
	250,000	Martin Marietta Materials, Inc		6.600		04/15/18		269,380
	200,000	Martin Marietta Materials, Inc		4.250		07/02/24		196,385
	150,000	Methanex Corp		3.250		12/15/19		143,158
	150,000	Methanex Corp		4.250		12/01/24		133,086
	100,000	Methanex Corp		5.650		12/01/44		80,918
	200,000	Monsanto Co		2.750		04/15/16		200,714
	400,000	Monsanto Co		1.150		06/30/17		397,112
	200,000	Monsanto Co		1.850		11/15/18		197,895
	400,000	Monsanto Co		2.125		07/15/19		399,524
	100,000	Monsanto Co		2.200		07/15/22		92,174
	150,000	Monsanto Co		5.500		08/15/25		164,344
	100,000	Monsanto Co		3.600		07/15/42		72,300
	200,000	Monsanto Co		4.650		11/15/43		171,192
	200,000	Monsanto Co		4.400		07/15/44		165,652
	350,000	Monsanto Co		3.950		04/15/45		271,551
	500,000	Monsanto Co		4.700		07/15/64		379,646
	100,000	NewMarket Corp		4.100		12/15/22		99,574
	200,000	Newmont Mining Corp		5.125		10/01/19		208,105
	600,000	Newmont Mining Corp		3.500		03/15/22		534,987
	298,000	Newmont Mining Corp		5.875		04/01/35		243,197
	135,000	Newmont Mining Corp		6.250		10/01/39		107,885
	300,000	Newmont Mining Corp		4.875		03/15/42		214,318
	100,000	Nucor Corp		5.750		12/01/17		105,666
	130,000	Nucor Corp		5.850		06/01/18		139,179
	300,000	Nucor Corp		4.125		09/15/22		305,392
	300,000	Nucor Corp		5.200		08/01/43		272,217
	8,000	Owens Corning		9.000		06/15/19		9,275
	200,000	Owens Corning		4.200		12/15/22		200,243
	500,000	Owens Corning		4.200		12/01/24		486,668
	150,000	Packaging Corp of America		3.900		06/15/22		152,550
	250,000	Packaging Corp of America		4.500		11/01/23		262,632
	100,000	Packaging Corp of America		3.650		09/15/24		97,229
	100,000	Plum Creek Timberlands LP		4.700		03/15/21		106,394
	300,000	Plum Creek Timberlands LP		3.250		03/15/23		288,354
	650,000	Potash Corp of Saskatchewan, Inc		4.875		03/30/20		704,926
	400,000	Potash Corp of Saskatchewan, Inc		3.625		03/15/24		389,148
	200,000	Potash Corp of Saskatchewan, Inc		3.000		04/01/25		187,958
	200,000	Potash Corp of Saskatchewan, Inc		5.625		12/01/40		210,190
	27,000	PPG Industries, Inc		6.650		03/15/18		29,579
	300,000	PPG Industries, Inc		2.300		11/15/19		296,980
	300,000	PPG Industries, Inc		3.600		11/15/20		308,229
	200,000	Praxair, Inc		1.050		11/07/17		198,233
	300,000	Praxair, Inc		2.250		09/24/20		299,082
	250,000	Praxair, Inc		2.200		08/15/22		238,982

77

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	300,000		Praxair, Inc		2.650	%	02/05/25	$	287,477
	625,000		Praxair, Inc		3.550		11/07/42		556,234
	1,500,000		Rio Tinto Finance USA Ltd		6.500		07/15/18		1,625,093
	570,000		Rio Tinto Finance USA Ltd		3.500		11/02/20		558,927
	1,000,000		Rio Tinto Finance USA Ltd		3.750		06/15/25		908,463
	250,000		Rio Tinto Finance USA Ltd		7.125		07/15/28		294,804
	800,000		Rio Tinto Finance USA plc		1.625		08/21/17		788,556
	300,000		Rio Tinto Finance USA plc		2.250		12/14/18		292,524
	400,000		Rio Tinto Finance USA plc		3.500		03/22/22		377,236
	200,000		Rio Tinto Finance USA plc		4.750		03/22/42		171,566
	900,000		Rio Tinto Finance USA plc		4.125		08/21/42		703,695
	500,000		Rock Tenn Co		4.900		03/01/22		530,327
	58,000		Rohm and Haas Co		6.000		09/15/17		61,736
	100,000		RPM International, Inc		6.125		10/15/19		109,421
	300,000		RPM International, Inc		3.450		11/15/22		287,823
	100,000		RPM International, Inc		5.250		06/01/45		93,889
	175,000		Sherwin-Williams Co		1.350		12/15/17		173,521
	200,000		Sherwin-Williams Co		3.450		08/01/25		203,054
	200,000		Sherwin-Williams Co		4.000		12/15/42		188,874
	150,000		Sonoco Products Co		5.750		11/01/40		162,582
	200,000		Southern Copper Corp		5.375		04/16/20		208,074
	300,000		Southern Copper Corp		3.875		04/23/25		269,021
	100,000		Southern Copper Corp		7.500		07/27/35		93,389
	680,000		Southern Copper Corp		6.750		04/16/40		581,009
	500,000		Southern Copper Corp		5.875		04/23/45		382,614
	450,000		Vale S.A.		5.625		09/11/42		297,607
	150,000		Valspar Corp		4.200		01/15/22		152,934
	300,000		Valspar Corp		3.300		02/01/25		285,888
	200,000		Valspar Corp		3.950		01/15/26		198,808
	150,000		Westlake Chemical Corp		3.600		07/15/22		146,293
	200,000		Worthington Industries, Inc		4.550		04/15/26		197,758
	200,000		Yamana Gold, Inc		4.950		07/15/24		169,711
			TOTAL MATERIALS						58,309,279
MEDIA - 0.9%
	100,000		CBS Corp		1.950		07/01/17		100,039
	200,000		CBS Corp		2.300		08/15/19		197,797
	50,000		CBS Corp		5.750		04/15/20		55,500
	445,000		CBS Corp		4.300		02/15/21		467,456
	500,000		CBS Corp		3.375		03/01/22		494,487
	200,000		CBS Corp		3.700		08/15/24		194,606
	300,000		CBS Corp		3.500		01/15/25		286,190
	125,000		CBS Corp		4.000		01/15/26		121,962
	200,000		CBS Corp		4.850		07/01/42		179,367
	200,000		CBS Corp		4.900		08/15/44		181,837
	500,000		CBS Corp		4.600		01/15/45		428,985
	675,000	g	CCO Safari II LLC		3.579		07/23/20		671,134
	610,000	g	CCO Safari II LLC		4.464		07/23/22		607,877
	1,250,000	g	CCO Safari II LLC		4.908		07/23/25		1,248,771
	500,000	g	CCO Safari II LLC		6.384		10/23/35		504,617
	500,000	g	CCO Safari II LLC		6.484		10/23/45		500,177
	500,000	g	CCO Safari II LLC		6.834		10/23/55		491,966

78

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	1,595,000	Comcast Corp		5.150	%	03/01/20	$	1,782,700
	1,350,000	Comcast Corp		3.125		07/15/22		1,372,093
	800,000	Comcast Corp		2.850		01/15/23		795,176
	600,000	Comcast Corp		3.375		02/15/25		605,876
	350,000	Comcast Corp		3.375		08/15/25		354,541
	625,000	Comcast Corp		4.250		01/15/33		614,126
	129,000	Comcast Corp		7.050		03/15/33		166,447
	125,000	Comcast Corp		4.200		08/15/34		123,804
	345,000	Comcast Corp		5.650		06/15/35		401,572
	350,000	Comcast Corp		4.400		08/15/35		352,104
	350,000	Comcast Corp		6.950		08/15/37		458,469
	780,000	Comcast Corp		6.400		03/01/40		967,834
	350,000	Comcast Corp		4.650		07/15/42		356,138
	300,000	Comcast Corp		4.500		01/15/43		298,737
	500,000	Comcast Corp		4.750		03/01/44		518,970
	900,000	Comcast Corp		4.600		08/15/45		911,182
	500,000	DIRECTV Holdings LLC		1.750		01/15/18		498,060
	285,000	DIRECTV Holdings LLC		5.200		03/15/20		308,764
	500,000	DIRECTV Holdings LLC		4.600		02/15/21		529,738
	1,050,000	DIRECTV Holdings LLC		5.000		03/01/21		1,132,686
	250,000	DIRECTV Holdings LLC		3.800		03/15/22		251,732
	1,000,000	DIRECTV Holdings LLC		4.450		04/01/24		1,027,175
	800,000	DIRECTV Holdings LLC		3.950		01/15/25		789,274
	145,000	DIRECTV Holdings LLC		6.000		08/15/40		148,277
	100,000	DIRECTV Holdings LLC		6.375		03/01/41		107,329
	550,000	DIRECTV Holdings LLC		5.150		03/15/42		512,422
	510,000	Discovery Communications LLC		5.050		06/01/20		542,255
	500,000	Discovery Communications LLC		3.300		05/15/22		471,581
	600,000	Discovery Communications LLC		3.250		04/01/23		553,186
	350,000	Discovery Communications LLC		3.450		03/15/25		317,128
	100,000	Discovery Communications LLC		6.350		06/01/40		99,523
	100,000	Discovery Communications LLC		4.950		05/15/42		83,717
	125,000	Discovery Communications LLC		4.875		04/01/43		102,887
	550,000	Grupo Televisa SAB		6.625		03/18/25		624,965
	200,000	Grupo Televisa SAB		4.625		01/30/26		197,610
	600,000	Grupo Televisa SAB		5.000		05/13/45		515,505
	200,000	Grupo Televisa SAB		6.125		01/31/46		198,820
	348,000	Historic TW, Inc		6.625		05/15/29		407,728
	200,000	Interpublic Group of Cos, Inc		4.200		04/15/24		198,194
	300,000	Interpublic Group of Cos, Inc		2.250		11/15/17		299,094
	100,000	Interpublic Group of Cos, Inc		4.000		03/15/22		100,152
	1,200,000	NBC Universal Media LLC		4.450		01/15/43		1,174,886
	1,585,000	NBC Universal Media LLC		5.150		04/30/20		1,770,404
	820,000	NBC Universal Media LLC		4.375		04/01/21		891,092
	375,000	NBC Universal Media LLC		2.875		01/15/23		372,425
	95,000	NBC Universal Media LLC		6.400		04/30/40		118,431
	150,000	NBC Universal Media LLC		5.950		04/01/41		179,398
	200,000	Omnicom Group, Inc		4.450		08/15/20		213,312
	700,000	Omnicom Group, Inc		3.625		05/01/22		706,850
	200,000	Omnicom Group, Inc		3.650		11/01/24		198,127
	300,000	Scripps Networks Interactive, Inc		2.750		11/15/19		295,158
	200,000	Scripps Networks Interactive, Inc		2.800		06/15/20		195,118

79

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	200,000	Scripps Networks Interactive, Inc		3.500	%	06/15/22	$	192,569
	200,000	Scripps Networks Interactive, Inc		3.900		11/15/24		191,229
	200,000	Scripps Networks Interactive, Inc		3.950		06/15/25		191,312
	500,000	Time Warner Cable, Inc		5.850		05/01/17		523,082
	170,000	Time Warner Cable, Inc		6.750		07/01/18		185,516
	910,000	Time Warner Cable, Inc		8.750		02/14/19		1,055,916
	1,100,000	Time Warner Cable, Inc		8.250		04/01/19		1,264,162
	1,300,000	Time Warner Cable, Inc		4.000		09/01/21		1,312,623
	500,000	Time Warner Cable, Inc		6.550		05/01/37		505,720
	175,000	Time Warner Cable, Inc		6.750		06/15/39		175,622
	690,000	Time Warner Cable, Inc		5.875		11/15/40		653,754
	300,000	Time Warner Cable, Inc		5.500		09/01/41		271,101
	1,450,000	Time Warner Cable, Inc		4.500		09/15/42		1,137,869
	1,200,000	Time Warner, Inc		2.100		06/01/19		1,193,576
	450,000	Time Warner, Inc		4.750		03/29/21		483,925
	1,400,000	Time Warner, Inc		3.400		06/15/22		1,393,759
	650,000	Time Warner, Inc		4.050		12/15/23		663,539
	500,000	Time Warner, Inc		3.550		06/01/24		490,822
	500,000	Time Warner, Inc		3.875		01/15/26		495,892
	785,000	Time Warner, Inc		6.500		11/15/36		888,751
	350,000	Time Warner, Inc		6.100		07/15/40		378,039
	150,000	Time Warner, Inc		6.250		03/29/41		166,577
	900,000	Time Warner, Inc		4.900		06/15/42		846,099
	200,000	Time Warner, Inc		5.350		12/15/43		199,540
	300,000	Time Warner, Inc		4.650		06/01/44		275,172
	800,000	Time Warner, Inc		4.850		07/15/45		761,300
	250,000	Viacom, Inc		2.500		09/01/18		249,406
	500,000	Viacom, Inc		2.200		04/01/19		491,289
	300,000	Viacom, Inc		2.750		12/15/19		296,055
	400,000	Viacom, Inc		3.875		12/15/21		393,415
	500,000	Viacom, Inc		3.125		06/15/22		463,404
	200,000	Viacom, Inc		3.250		03/15/23		182,712
	250,000	Viacom, Inc		4.250		09/01/23		241,818
	400,000	Viacom, Inc		3.875		04/01/24		375,114
	300,000	Viacom, Inc		4.850		12/15/34		244,984
	200,000	Viacom, Inc		4.500		02/27/42		149,955
	504,000	Viacom, Inc		4.375		03/15/43		369,191
	100,000	Viacom, Inc		4.875		06/15/43		80,264
	500,000	Viacom, Inc		5.250		04/01/44		412,248
	261,000	WPP Finance 2010		4.750		11/21/21		281,255
	300,000	WPP Finance 2010		3.625		09/07/22		301,053
	200,000	WPP Finance 2010		3.750		09/19/24		199,072
	200,000	WPP Finance 2010		5.625		11/15/43		202,882
		TOTAL MEDIA						53,777,123
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.4%
	350,000	Abbott Laboratories		5.125		04/01/19		383,275
	400,000	Abbott Laboratories		2.000		03/15/20		398,810
	400,000	Abbott Laboratories		2.550		03/15/22		397,529
	400,000	Abbott Laboratories		2.950		03/15/25		395,259
	500,000	Abbott Laboratories		5.300		05/27/40		561,192
	800,000	AbbVie, Inc		1.750		11/06/17		798,489

80

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	975,000		AbbVie, Inc		1.800	%	05/14/18	$	970,575
	700,000		AbbVie, Inc		2.000		11/06/18		697,060
	850,000		AbbVie, Inc		2.500		05/14/20		841,597
	1,000,000		AbbVie, Inc		3.200		11/06/22		984,747
	1,000,000		AbbVie, Inc		3.600		05/14/25		987,062
	1,000,000		AbbVie, Inc		4.500		05/14/35		979,085
	1,375,000		AbbVie, Inc		4.400		11/06/42		1,284,064
	600,000		AbbVie, Inc		4.700		05/14/45		586,763
	1,000,000		Actavis Funding SCS		2.350		03/12/18		1,001,199
	1,825,000		Actavis Funding SCS		3.000		03/12/20		1,823,545
	3,000,000		Actavis Funding SCS		3.450		03/15/22		3,004,791
	1,450,000		Actavis Funding SCS		3.800		03/15/25		1,442,728
	725,000		Actavis Funding SCS		4.550		03/15/35		704,670
	1,125,000		Actavis Funding SCS		4.750		03/15/45		1,096,716
	300,000		Amgen, Inc		2.125		05/15/17		301,826
	500,000		Amgen, Inc		1.250		05/22/17		498,140
	550,000		Amgen, Inc		5.850		06/01/17		581,623
	500,000		Amgen, Inc		2.200		05/22/19		499,445
	75,000		Amgen, Inc		4.500		03/15/20		80,173
	400,000		Amgen, Inc		2.125		05/01/20		394,706
	250,000		Amgen, Inc		3.450		10/01/20		257,422
	700,000		Amgen, Inc		4.100		06/15/21		737,500
	400,000		Amgen, Inc		2.700		05/01/22		388,300
	1,000,000		Amgen, Inc		3.625		05/15/22		1,027,633
	500,000		Amgen, Inc		3.625		05/22/24		500,064
	400,000		Amgen, Inc		3.125		05/01/25		380,024
	500,000		Amgen, Inc		6.375		06/01/37		582,246
	1,000,000		Amgen, Inc		6.400		02/01/39		1,185,346
	650,000		Amgen, Inc		4.950		10/01/41		643,378
	400,000		Amgen, Inc		5.150		11/15/41		405,776
	400,000		Amgen, Inc		4.400		05/01/45		370,344
	800,000		AstraZeneca plc		5.900		09/15/17		856,814
	300,000		AstraZeneca plc		1.750		11/16/18		299,077
	500,000		AstraZeneca plc		2.375		11/16/20		496,619
	500,000		AstraZeneca plc		3.375		11/16/25		496,429
	900,000		AstraZeneca plc		6.450		09/15/37		1,137,455
	450,000		AstraZeneca plc		4.000		09/18/42		419,685
	350,000		AstraZeneca plc		4.375		11/16/45		350,757
	500,000	g	Baxalta, Inc		2.000		06/22/18		494,877
	500,000	g	Baxalta, Inc		4.000		06/23/25		495,074
	500,000	g	Baxalta, Inc		5.250		06/23/45		501,565
	100,000		Biogen Idec, Inc		6.875		03/01/18		109,552
	100,000		Biogen, Inc		2.900		09/15/20		99,781
	300,000		Biogen, Inc		3.625		09/15/22		303,359
	500,000		Biogen, Inc		4.050		09/15/25		502,595
	1,500,000		Biogen, Inc		5.200		09/15/45		1,500,429
	250,000		Bristol-Myers Squibb Co		0.875		08/01/17		248,622
	200,000		Bristol-Myers Squibb Co		1.750		03/01/19		199,264
	200,000		Bristol-Myers Squibb Co		3.250		11/01/23		205,917
	650,000		Bristol-Myers Squibb Co		3.250		08/01/42		562,840
	200,000		Bristol-Myers Squibb Co		4.500		03/01/44		216,305
	200,000		Celgene Corp		1.900		08/15/17		200,757

81

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	400,000	Celgene Corp		2.125	%	08/15/18	$	400,095
	300,000	Celgene Corp		2.300		08/15/18		301,341
	200,000	Celgene Corp		2.250		05/15/19		198,264
	425,000	Celgene Corp		2.875		08/15/20		421,962
	200,000	Celgene Corp		3.950		10/15/20		209,972
	300,000	Celgene Corp		3.250		08/15/22		297,635
	750,000	Celgene Corp		3.550		08/15/22		757,325
	300,000	Celgene Corp		3.625		05/15/24		295,207
	300,000	Celgene Corp		5.250		08/15/43		306,297
	300,000	Celgene Corp		4.625		05/15/44		283,358
	1,000,000	Celgene Corp		5.000		08/15/45		1,003,826
	300,000	Eli Lilly & Co		1.250		03/01/18		299,279
	200,000	Eli Lilly & Co		1.950		03/15/19		201,741
	800,000	Eli Lilly & Co		2.750		06/01/25		790,523
	400,000	Eli Lilly & Co		3.700		03/01/45		374,128
	250,000	Gilead Sciences, Inc		1.850		09/04/18		251,136
	200,000	Gilead Sciences, Inc		2.050		04/01/19		200,399
	125,000	Gilead Sciences, Inc		2.350		02/01/20		125,108
	1,000,000	Gilead Sciences, Inc		2.550		09/01/20		1,000,092
	600,000	Gilead Sciences, Inc		4.500		04/01/21		649,264
	650,000	Gilead Sciences, Inc		4.400		12/01/21		702,104
	500,000	Gilead Sciences, Inc		3.250		09/01/22		503,630
	425,000	Gilead Sciences, Inc		3.700		04/01/24		435,371
	400,000	Gilead Sciences, Inc		3.500		02/01/25		403,372
	750,000	Gilead Sciences, Inc		3.650		03/01/26		756,665
	300,000	Gilead Sciences, Inc		4.600		09/01/35		304,883
	100,000	Gilead Sciences, Inc		5.650		12/01/41		113,945
	775,000	Gilead Sciences, Inc		4.800		04/01/44		777,444
	675,000	Gilead Sciences, Inc		4.500		02/01/45		660,542
	750,000	Gilead Sciences, Inc		4.750		03/01/46		758,526
	800,000	GlaxoSmithKline Capital plc		1.500		05/08/17		803,402
	300,000	GlaxoSmithKline Capital plc		2.850		05/08/22		302,460
	1,045,000	GlaxoSmithKline Capital, Inc		5.650		05/15/18		1,139,143
	225,000	GlaxoSmithKline Capital, Inc		2.800		03/18/23		224,453
	350,000	GlaxoSmithKline Capital, Inc		5.375		04/15/34		395,713
	743,000	GlaxoSmithKline Capital, Inc		6.375		05/15/38		948,233
	350,000	GlaxoSmithKline Capital, Inc		4.200		03/18/43		353,312
	1,100,000	Johnson & Johnson		1.650		12/05/18		1,110,517
	300,000	Johnson & Johnson		1.875		12/05/19		301,057
	200,000	Johnson & Johnson		2.450		12/05/21		202,937
	700,000	Johnson & Johnson		3.375		12/05/23		742,596
	850,000	Johnson & Johnson		4.375		12/05/33		937,511
	375,000	Johnson & Johnson		5.850		07/15/38		481,732
	300,000	Johnson & Johnson		4.500		12/05/43		326,274
	600,000	Life Technologies Corp		5.000		01/15/21		638,337
	200,000	Merck & Co, Inc		1.100		01/31/18		198,908
	400,000	Merck & Co, Inc		1.300		05/18/18		399,050
	375,000	Merck & Co, Inc		1.850		02/10/20		373,346
	1,500,000	Merck & Co, Inc		3.875		01/15/21		1,608,201
	750,000	Merck & Co, Inc		2.350		02/10/22		736,421
	200,000	Merck & Co, Inc		2.400		09/15/22		196,007
	1,100,000	Merck & Co, Inc		2.800		05/18/23		1,095,317

82

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	500,000		Merck & Co, Inc		2.750	%	02/10/25	$	486,801
	100,000		Merck & Co, Inc		3.600		09/15/42		91,005
	750,000		Merck & Co, Inc		4.150		05/18/43		752,971
	750,000		Merck & Co, Inc		3.700		02/10/45		697,334
	100,000	g	Mylan NV		3.000		12/15/18		99,792
	100,000	g	Mylan NV		3.750		12/15/20		100,108
	500,000		Mylan, Inc		1.800		06/24/16		499,672
	163,000		Mylan, Inc		1.350		11/29/16		161,637
	100,000		Mylan, Inc		2.550		03/28/19		98,694
	200,000		Mylan, Inc		4.200		11/29/23		196,144
	200,000		Mylan, Inc		5.400		11/29/43		184,736
	300,000		Novartis Capital Corp		2.400		09/21/22		295,498
	750,000		Novartis Capital Corp		3.400		05/06/24		774,783
	500,000		Novartis Capital Corp		3.000		11/20/25		492,897
	400,000		Novartis Capital Corp		3.700		09/21/42		375,269
	750,000		Novartis Capital Corp		4.400		05/06/44		781,988
	500,000		Novartis Capital Corp		4.000		11/20/45		489,271
	600,000		Novartis Securities Investment Ltd		5.125		02/10/19		656,959
	125,000		Perrigo Co plc		1.300		11/08/16		124,121
	100,000		Perrigo Co plc		2.300		11/08/18		98,593
	100,000		Perrigo Co plc		4.000		11/15/23		97,849
	100,000		Perrigo Co plc		5.300		11/15/43		96,345
	225,000		Perrigo Finance plc		3.500		12/15/21		218,813
	200,000		Perrigo Finance plc		3.900		12/15/24		193,071
	300,000		Perrigo Finance plc		4.900		12/15/44		270,736
	300,000		Pfizer, Inc		0.900		01/15/17		299,407
	300,000		Pfizer, Inc		1.500		06/15/18		299,610
	1,460,000		Pfizer, Inc		6.200		03/15/19		1,642,894
	800,000		Pfizer, Inc		3.000		06/15/23		806,289
	300,000		Pfizer, Inc		3.400		05/15/24		307,815
	500,000		Pfizer, Inc		4.300		06/15/43		500,614
	600,000		Pfizer, Inc		4.400		05/15/44		609,289
	175,000		Sanofi		1.250		04/10/18		174,264
	750,000		Sanofi		4.000		03/29/21		802,946
	600,000		Teva Pharmaceutical Finance Co BV		2.400		11/10/16		603,696
	658,000		Teva Pharmaceutical Finance Co BV		2.950		12/18/22		630,208
	200,000		Teva Pharmaceutical Finance Co LLC		2.250		03/18/20		193,610
	17,000		Teva Pharmaceutical Finance Co LLC		6.150		02/01/36		18,587
	500,000		Wyeth LLC		5.450		04/01/17		525,414
	1,000,000		Wyeth LLC		6.450		02/01/24		1,223,344
	945,000		Wyeth LLC		5.950		04/01/37		1,123,577
	125,000		Zoetis, Inc		1.875		02/01/18		123,326
	100,000		Zoetis, Inc		3.450		11/13/20		100,120
	150,000		Zoetis, Inc		3.250		02/01/23		143,254
	100,000		Zoetis, Inc		4.500		11/13/25		101,407
	600,000		Zoetis, Inc		4.700		02/01/43		524,012
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						84,258,006
REAL ESTATE - 0.6%
	150,000		Alexandria Real Estate Equities, Inc		4.600		04/01/22		155,702
	100,000		Alexandria Real Estate Equities, Inc		3.900		06/15/23		98,772
	200,000		Alexandria Real Estate Equities, Inc		4.300		01/15/26		197,322

83

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	200,000	Alexandria Real Estate Equities, Inc		4.500	%	07/30/29	$	195,628
	100,000	American Campus Communities Operating Partnership LP		3.750		04/15/23		98,399
	300,000	American Campus Communities Operating Partnership LP		4.125		07/01/24		297,907
	200,000	AvalonBay Communities, Inc		3.625		10/01/20		207,630
	100,000	AvalonBay Communities, Inc		3.950		01/15/21		104,229
	225,000	AvalonBay Communities, Inc		2.950		09/15/22		223,168
	100,000	AvalonBay Communities, Inc		2.850		03/15/23		96,605
	200,000	AvalonBay Communities, Inc		3.500		11/15/24		199,159
	200,000	AvalonBay Communities, Inc		3.450		06/01/25		197,563
	150,000	AvalonBay Communities, Inc		3.500		11/15/25		148,567
	200,000	BioMed Realty LP		2.625		05/01/19		194,364
	115,000	BioMed Realty LP		6.125		04/15/20		124,761
	100,000	BioMed Realty LP		4.250		07/15/22		99,406
	150,000	Boston Properties LP		3.700		11/15/18		155,407
	80,000	Boston Properties LP		5.875		10/15/19		88,811
	175,000	Boston Properties LP		4.125		05/15/21		183,383
	500,000	Boston Properties LP		3.850		02/01/23		510,462
	425,000	Boston Properties LP		3.125		09/01/23		413,995
	200,000	Boston Properties LP		3.800		02/01/24		203,458
	115,000	Brandywine Operating Partnership LP		5.700		05/01/17		119,951
	200,000	Brandywine Operating Partnership LP		3.950		02/15/23		194,795
	200,000	Brandywine Operating Partnership LP		4.100		10/01/24		193,384
	150,000	Brixmor Operating Partnership LP		3.875		08/15/22		149,328
	200,000	Brixmor Operating Partnership LP		3.850		02/01/25		194,472
	100,000	Camden Property Trust		4.625		06/15/21		106,493
	200,000	Camden Property Trust		2.950		12/15/22		191,958
	125,000	Camden Property Trust		4.250		01/15/24		129,481
	250,000	CBL & Associates LP		4.600		10/15/24		235,735
	500,000	CBRE Services, Inc		4.875		03/01/26		498,284
	200,000	Corporate Office Properties LP		3.700		06/15/21		193,783
	200,000	Corporate Office Properties LP		5.250		02/15/24		204,624
	100,000	CubeSmart LP		4.800		07/15/22		106,503
	200,000	CubeSmart LP		4.375		12/15/23		205,780
	100,000	DCT Industrial Operating Partnership LP		4.500		10/15/23		100,072
	200,000	DDR Corp		3.500		01/15/21		198,459
	500,000	DDR Corp		4.625		07/15/22		516,888
	150,000	DDR Corp		4.250		02/01/26		146,334
	26,000	Duke Realty LP		5.950		02/15/17		27,147
	100,000	Duke Realty LP		3.875		02/15/21		102,012
	200,000	Duke Realty LP		4.375		06/15/22		206,113
	100,000	Duke Realty LP		3.875		10/15/22		100,490
	100,000	Duke Realty LP		3.625		04/15/23		97,717
	100,000	Duke Realty LP		3.750		12/01/24		97,316
	100,000	EPR Properties		5.750		08/15/22		105,042
	200,000	EPR Properties		5.250		07/15/23		203,694
	200,000	Equity One, Inc		3.750		11/15/22		193,143
	750,000	ERP Operating LP		4.625		12/15/21		814,335
	200,000	ERP Operating LP		3.375		06/01/25		197,947
	300,000	ERP Operating LP		4.500		07/01/44		301,050
	100,000	Essex Portfolio LP		3.625		08/15/22		99,823
	250,000	Essex Portfolio LP		3.375		01/15/23		245,295
	100,000	Essex Portfolio LP		3.250		05/01/23		97,028

84

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	400,000	Essex Portfolio LP		3.500	%	04/01/25	$	384,844
	100,000	Federal Realty Investment Trust		2.550		01/15/21		99,370
	100,000	Federal Realty Investment Trust		3.000		08/01/22		98,821
	100,000	Federal Realty Investment Trust		2.750		06/01/23		95,580
	200,000	Federal Realty Investment Trust		3.950		01/15/24		206,425
	100,000	Federal Realty Investment Trust		4.500		12/01/44		101,044
	430,000	HCP, Inc		6.000		01/30/17		447,944
	150,000	HCP, Inc		3.750		02/01/19		154,792
	250,000	HCP, Inc		2.625		02/01/20		246,240
	150,000	HCP, Inc		5.375		02/01/21		163,412
	400,000	HCP, Inc		3.150		08/01/22		382,163
	300,000	HCP, Inc		4.000		12/01/22		298,627
	200,000	HCP, Inc		4.250		11/15/23		200,297
	200,000	HCP, Inc		4.200		03/01/24		198,820
	800,000	HCP, Inc		3.875		08/15/24		775,374
	30,000	HCP, Inc		6.750		02/01/41		36,238
	100,000	Health Care REIT, Inc		3.625		03/15/16		100,434
	200,000	Health Care REIT, Inc		4.700		09/15/17		209,062
	150,000	Health Care REIT, Inc		2.250		03/15/18		149,867
	200,000	Health Care REIT, Inc		4.125		04/01/19		208,639
	440,000	Health Care REIT, Inc		6.125		04/15/20		492,860
	200,000	Health Care REIT, Inc		4.500		01/15/24		204,645
	100,000	Healthcare Realty Trust, Inc		3.750		04/15/23		97,884
	100,000	Healthcare Realty Trust, Inc		3.875		05/01/25		96,806
	100,000	Healthcare Trust of America Holdings LP		3.700		04/15/23		96,977
	125,000	Highwoods Realty LP		5.850		03/15/17		130,312
	100,000	Highwoods Realty LP		3.625		01/15/23		96,892
	100,000	Hospitality Properties Trust		5.000		08/15/22		102,721
	200,000	Hospitality Properties Trust		4.500		06/15/23		199,018
	200,000	Hospitality Properties Trust		4.650		03/15/24		196,925
	600,000	Host Hotels & Resorts LP		3.750		10/15/23		578,528
	200,000	Host Hotels & Resorts LP		4.000		06/15/25		191,792
	100,000	Host Hotels & Resorts LP		4.500		02/01/26		98,727
	50,000	HRPT Properties Trust		5.875		09/15/20		53,747
	250,000	Jones Lang LaSalle, Inc		4.400		11/15/22		256,337
	250,000	Kilroy Realty LP		3.800		01/15/23		247,820
	200,000	Kilroy Realty LP		4.250		08/15/29		195,990
	145,000	Kimco Realty Corp		5.700		05/01/17		152,349
	200,000	Kimco Realty Corp		3.200		05/01/21		200,237
	100,000	Kimco Realty Corp		3.400		11/01/22		99,115
	300,000	Kimco Realty Corp		3.125		06/01/23		290,485
	200,000	Kimco Realty Corp		4.250		04/01/45		183,605
	100,000	Lexington Realty Trust		4.250		06/15/23		99,131
	200,000	Lexington Realty Trust		4.400		06/15/24		199,025
	220,000	Liberty Property LP		4.750		10/01/20		233,794
	150,000	Liberty Property LP		4.125		06/15/22		151,791
	100,000	Liberty Property LP		3.375		06/15/23		94,862
	200,000	Liberty Property LP		4.400		02/15/24		202,738
	200,000	Mack-Cali Realty LP		2.500		12/15/17		199,933
	125,000	Mack-Cali Realty LP		7.750		08/15/19		138,962
	150,000	Mack-Cali Realty LP		4.500		04/18/22		144,283
	200,000	Mid-America Apartments LP		4.300		10/15/23		205,050

85

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	100,000		Mid-America Apartments LP		4.000	%	11/15/25	$	99,349
	75,000		National Retail Properties, Inc		6.875		10/15/17		80,918
	100,000		National Retail Properties, Inc		3.800		10/15/22		100,335
	100,000		National Retail Properties, Inc		3.300		04/15/23		96,278
	300,000		National Retail Properties, Inc		3.900		06/15/24		296,902
	100,000		National Retail Properties, Inc		4.000		11/15/25		98,251
	200,000		OMEGA Healthcare Investors, Inc		4.500		01/15/25		195,241
	300,000	g	OMEGA Healthcare Investors, Inc		5.250		01/15/26		306,414
	200,000		OMEGA Healthcare Investors, Inc		4.500		04/01/27		188,424
	200,000		Piedmont Operating Partnership LP		3.400		06/01/23		187,534
	200,000		Piedmont Operating Partnership LP		4.450		03/15/24		200,239
	100,000		Post Apartment Homes LP		3.375		12/01/22		96,992
	350,000		ProLogis LP		2.750		02/15/19		353,708
	201,000		ProLogis LP		3.350		02/01/21		203,558
	150,000		ProLogis LP		4.250		08/15/23		157,846
	200,000		ProLogis LP		3.750		11/01/25		198,392
	200,000		Rayonier, Inc		3.750		04/01/22		194,894
	40,000		Realty Income Corp		5.950		09/15/16		41,187
	150,000		Realty Income Corp		2.000		01/31/18		150,083
	75,000		Realty Income Corp		5.750		01/15/21		83,434
	200,000		Realty Income Corp		3.250		10/15/22		193,082
	500,000		Realty Income Corp		4.650		08/01/23		520,502
	200,000		Realty Income Corp		4.125		10/15/26		200,791
	8,000		Regency Centers LP		5.875		06/15/17		8,437
	250,000		Regency Centers LP		3.750		06/15/24		248,386
	200,000		Retail Opportunity Investments Partnership LP		5.000		12/15/23		204,289
	100,000		Select Income REIT		2.850		02/01/18		99,868
	200,000		Select Income REIT		3.600		02/01/20		201,398
	200,000		Select Income REIT		4.150		02/01/22		191,951
	200,000		Select Income REIT		4.500		02/01/25		185,977
	300,000		Senior Housing Properties Trust		3.250		05/01/19		298,999
	100,000		Senior Housing Properties Trust		6.750		12/15/21		112,606
	100,000		Simon Property Group LP		2.800		01/30/17		101,312
	1,100,000		Simon Property Group LP		2.200		02/01/19		1,105,756
	740,000		Simon Property Group LP		10.350		04/01/19		908,113
	250,000		Simon Property Group LP		2.500		09/01/20		250,227
	762,000		Simon Property Group LP		3.375		03/15/22		785,737
	300,000		Simon Property Group LP		3.500		09/01/25		303,942
	700,000		Simon Property Group LP		4.250		10/01/44		696,333
	300,000		Tanger Properties LP		3.875		12/01/23		298,882
	200,000		UDR, Inc		3.700		10/01/20		206,688
	200,000		UDR, Inc		4.625		01/10/22		213,240
	200,000		UDR, Inc		4.000		10/01/25		201,952
	100,000	g,i	USB Realty Corp		1.468		12/30/49		90,000
	300,000		Ventas Realty LP		1.550		09/26/16		300,213
	175,000		Ventas Realty LP		2.000		02/15/18		174,163
	300,000		Ventas Realty LP		4.750		06/01/21		319,539
	350,000		Ventas Realty LP		3.250		08/15/22		340,737
	350,000		Ventas Realty LP		3.750		05/01/24		342,972
	120,000		Ventas Realty LP		4.125		01/15/26		119,619
	300,000		Ventas Realty LP		4.375		02/01/45		274,784
	200,000		Vornado Realty LP		2.500		06/30/19		196,990

86

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	100,000	Vornado Realty LP		5.000	%	01/15/22	$	106,170
	195,000	Washington REIT		4.950		10/01/20		207,258
	100,000	Washington REIT		3.950		10/15/22		98,262
	100,000	Weingarten Realty Investors		3.375		10/15/22		97,599
	100,000	Weingarten Realty Investors		3.500		04/15/23		97,227
	200,000	Weingarten Realty Investors		4.450		01/15/24		205,065
	700,000	Welltower, Inc		4.000		06/01/25		688,678
	500,000	Weyerhaeuser Co		7.375		10/01/19		574,357
	200,000	Weyerhaeuser Co		4.625		09/15/23		208,152
	400,000	Weyerhaeuser Co		7.375		03/15/32		475,760
	200,000	WP Carey, Inc		4.600		04/01/24		199,514
	200,000	WP Carey, Inc		4.000		02/01/25		191,339
		TOTAL REAL ESTATE						37,437,353
RETAILING - 0.6%
	120,000	Advance Auto Parts, Inc		5.750		05/01/20		130,159
	250,000	Advance Auto Parts, Inc		4.500		12/01/23		255,021
	300,000	Amazon.com, Inc		2.600		12/05/19		304,695
	300,000	Amazon.com, Inc		3.300		12/05/21		308,860
	600,000	Amazon.com, Inc		2.500		11/29/22		580,574
	300,000	Amazon.com, Inc		3.800		12/05/24		312,249
	300,000	Amazon.com, Inc		4.800		12/05/34		315,703
	600,000	Amazon.com, Inc		4.950		12/05/44		639,248
	100,000	AutoNation, Inc		3.350		01/15/21		99,652
	100,000	AutoNation, Inc		4.500		10/01/25		101,521
	300,000	AutoZone, Inc		1.300		01/13/17		299,611
	100,000	AutoZone, Inc		4.000		11/15/20		105,038
	200,000	AutoZone, Inc		3.700		04/15/22		203,589
	300,000	AutoZone, Inc		2.875		01/15/23		290,080
	150,000	AutoZone, Inc		3.125		07/15/23		147,143
	200,000	AutoZone, Inc		3.250		04/15/25		193,538
	200,000	Bed Bath & Beyond, Inc		3.749		08/01/24		195,146
	200,000	Bed Bath & Beyond, Inc		4.915		08/01/34		178,334
	250,000	Bed Bath & Beyond, Inc		5.165		08/01/44		211,765
	500,000	Best Buy Co, Inc		5.000		08/01/18		519,250
	320,000	Costco Wholesale Corp		5.500		03/15/17		336,845
	500,000	Costco Wholesale Corp		1.125		12/15/17		499,567
	250,000	Costco Wholesale Corp		1.700		12/15/19		247,961
	200,000	Costco Wholesale Corp		1.750		02/15/20		198,410
	200,000	Costco Wholesale Corp		2.250		02/15/22		196,388
	500,000	Dollar General Corp		1.875		04/15/18		495,190
	300,000	Dollar General Corp		4.150		11/01/25		298,221
	300,000	Enable Midstream Partners LP		2.400		05/15/19		266,582
	300,000	Enable Midstream Partners LP		3.900		05/15/24		229,488
	100,000	Enable Midstream Partners LP		5.000		05/15/44		58,989
	250,000	Gap, Inc		5.950		04/12/21		264,592
	500,000	Home Depot, Inc		2.000		06/15/19		503,557
	400,000	Home Depot, Inc		3.950		09/15/20		431,848
	350,000	Home Depot, Inc		4.400		04/01/21		385,471
	400,000	Home Depot, Inc		2.625		06/01/22		399,629
	500,000	Home Depot, Inc		2.700		04/01/23		496,543
	300,000	Home Depot, Inc		3.750		02/15/24		319,602

87

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	100,000	Home Depot, Inc		3.350	%	09/15/25	$	102,248
	960,000	Home Depot, Inc		5.875		12/16/36		1,170,179
	500,000	Home Depot, Inc		4.200		04/01/43		500,839
	300,000	Home Depot, Inc		4.875		02/15/44		330,386
	500,000	Home Depot, Inc		4.400		03/15/45		516,831
	500,000	Home Depot, Inc		4.250		04/01/46		511,111
	200,000	Kohl’s Corp		3.250		02/01/23		190,114
	200,000	Kohl’s Corp		4.750		12/15/23		204,218
	200,000	Kohl’s Corp		4.250		07/17/25		195,055
	200,000	Kohl’s Corp		5.550		07/17/45		186,150
	200,000	Lowe’s Cos, Inc		3.800		11/15/21		213,869
	850,000	Lowe’s Cos, Inc		3.120		04/15/22		869,874
	300,000	Lowe’s Cos, Inc		3.875		09/15/23		317,541
	400,000	Lowe’s Cos, Inc		3.125		09/15/24		399,791
	100,000	Lowe’s Cos, Inc		3.375		09/15/25		101,602
	200,000	Lowe’s Cos, Inc		6.875		02/15/28		254,795
	175,000	Lowe’s Cos, Inc		5.500		10/15/35		203,878
	150,000	Lowe’s Cos, Inc		5.800		04/15/40		179,733
	150,000	Lowe’s Cos, Inc		5.125		11/15/41		165,949
	100,000	Lowe’s Cos, Inc		4.650		04/15/42		105,699
	300,000	Lowe’s Cos, Inc		5.000		09/15/43		329,524
	200,000	Lowe’s Cos, Inc		4.250		09/15/44		198,887
	200,000	Lowe’s Cos, Inc		4.375		09/15/45		205,570
	191,000	Macy’s Retail Holdings, Inc		5.900		12/01/16		198,189
	200,000	Macy’s Retail Holdings, Inc		3.450		01/15/21		198,924
	250,000	Macy’s Retail Holdings, Inc		3.875		01/15/22		246,270
	125,000	Macy’s Retail Holdings, Inc		2.875		02/15/23		113,360
	200,000	Macy’s Retail Holdings, Inc		4.375		09/01/23		199,275
	300,000	Macy’s Retail Holdings, Inc		3.625		06/01/24		275,354
	400,000	Macy’s Retail Holdings, Inc		6.900		04/01/29		450,804
	200,000	Macy’s Retail Holdings, Inc		4.500		12/15/34		167,136
	200,000	Macy’s Retail Holdings, Inc		6.375		03/15/37		202,392
	200,000	Macy’s Retail Holdings, Inc		4.300		02/15/43		153,497
	300,000	Nordstrom, Inc		6.250		01/15/18		325,658
	30,000	Nordstrom, Inc		4.750		05/01/20		32,438
	100,000	Nordstrom, Inc		4.000		10/15/21		105,706
	531,000	Nordstrom, Inc		5.000		01/15/44		548,777
	150,000	O’Reilly Automotive, Inc		4.875		01/14/21		162,310
	100,000	O’Reilly Automotive, Inc		3.800		09/01/22		101,272
	200,000	O’Reilly Automotive, Inc		3.850		06/15/23		201,872
	300,000	Priceline Group, Inc		3.650		03/15/25		292,006
	200,000	QVC, Inc		3.125		04/01/19		197,440
	100,000	QVC, Inc		5.125		07/02/22		99,688
	100,000	QVC, Inc		4.375		03/15/23		94,965
	200,000	QVC, Inc		4.850		04/01/24		191,545
	200,000	QVC, Inc		4.450		02/15/25		185,509
	150,000	QVC, Inc		5.950		03/15/43		127,234
	150,000	Staples, Inc		2.750		01/12/18		149,075
	150,000	Staples, Inc		4.375		01/12/23		143,439
	1,150,000	Target Corp		3.875		07/15/20		1,236,129
	900,000	Target Corp		2.900		01/15/22		915,511
	500,000	Target Corp		3.500		07/01/24		519,018

88

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	165,000	Target Corp		6.500	%	10/15/37	$	212,807
	850,000	Target Corp		4.000		07/01/42		829,893
	100,000	Tiffany & Co		3.800		10/01/24		98,600
	105,000	TJX Cos, Inc		6.950		04/15/19		121,337
	300,000	TJX Cos, Inc		2.750		06/15/21		304,499
	300,000	TJX Cos, Inc		2.500		05/15/23		289,592
	200,000	Wal-Mart Stores, Inc		2.800		04/15/16		201,100
	350,000	Wal-Mart Stores, Inc		1.125		04/11/18		348,565
	300,000	Wal-Mart Stores, Inc		1.950		12/15/18		304,489
	1,400,000	Wal-Mart Stores, Inc		3.250		10/25/20		1,475,564
	1,950,000	Wal-Mart Stores, Inc		4.250		04/15/21		2,147,845
	1,000,000	Wal-Mart Stores, Inc		2.550		04/11/23		986,678
	800,000	Wal-Mart Stores, Inc		3.300		04/22/24		826,154
	69,000	Wal-Mart Stores, Inc		7.550		02/15/30		97,286
	1,095,000	Wal-Mart Stores, Inc		5.250		09/01/35		1,247,387
	160,000	Wal-Mart Stores, Inc		6.500		08/15/37		206,712
	900,000	Wal-Mart Stores, Inc		6.200		04/15/38		1,128,494
	65,000	Wal-Mart Stores, Inc		5.625		04/01/40		77,344
	345,000	Wal-Mart Stores, Inc		5.000		10/25/40		379,257
	850,000	Wal-Mart Stores, Inc		4.000		04/11/43		829,853
	900,000	Wal-Mart Stores, Inc		4.750		10/02/43		967,333
	300,000	Wal-Mart Stores, Inc		4.300		04/22/44		305,880
		TOTAL RETAILING						39,695,364
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.2%
	200,000	Altera Corp		1.750		05/15/17		200,772
	200,000	Altera Corp		4.100		11/15/23		208,344
	500,000	Analog Devices, Inc		2.875		06/01/23		485,323
	200,000	Analog Devices, Inc		5.300		12/15/45		206,065
	150,000	Broadcom Corp		2.500		08/15/22		149,115
	200,000	Broadcom Corp		3.500		08/01/24		200,677
	200,000	Broadcom Corp		4.500		08/01/34		199,896
	900,000	Intel Corp		1.950		10/01/16		905,607
	475,000	Intel Corp		1.350		12/15/17		475,658
	250,000	Intel Corp		2.450		07/29/20		252,968
	500,000	Intel Corp		3.100		07/29/22		510,158
	1,250,000	Intel Corp		2.700		12/15/22		1,236,769
	250,000	Intel Corp		3.700		07/29/25		258,631
	500,000	Intel Corp		4.000		12/15/32		497,576
	500,000	Intel Corp		4.800		10/01/41		520,777
	975,000	Intel Corp		4.900		07/29/45		1,030,672
	200,000	Maxim Integrated Products, Inc		2.500		11/15/18		200,054
	200,000	Maxim Integrated Products, Inc		3.375		03/15/23		198,413
	200,000	Texas Instruments, Inc		2.375		05/16/16		201,110
	200,000	Texas Instruments, Inc		1.000		05/01/18		197,223
	200,000	Texas Instruments, Inc		1.650		08/03/19		198,047
	300,000	Texas Instruments, Inc		1.750		05/01/20		292,239
	200,000	Texas Instruments, Inc		2.750		03/12/21		201,401
	200,000	Texas Instruments, Inc		2.250		05/01/23		189,769
	400,000	Xilinx, Inc		3.000		03/15/21		401,037
		TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						9,418,301

89

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SOFTWARE & SERVICES - 0.8%
$	20,000		Adobe Systems, Inc		4.750	%	02/01/20	$	21,664
	275,000		Adobe Systems, Inc		3.250		02/01/25		268,531
	200,000		Autodesk, Inc		1.950		12/15/17		199,343
	250,000		Autodesk, Inc		4.375		06/15/25		245,693
	500,000		Automatic Data Processing, Inc		2.250		09/15/20		502,112
	500,000		Automatic Data Processing, Inc		3.375		09/15/25		510,144
	300,000		Baidu, Inc		2.250		11/28/17		300,034
	750,000		Baidu, Inc		2.750		06/09/19		743,473
	300,000		Baidu, Inc		3.000		06/30/20		296,675
	200,000		Baidu, Inc		3.500		11/28/22		196,194
	300,000		Baidu, Inc		4.125		06/30/25		297,619
	250,000		CA, Inc		2.875		08/15/18		251,015
	300,000		CA, Inc		5.375		12/01/19		323,798
	200,000		CDK Global, Inc		3.300		10/15/19		198,512
	120,000		Computer Sciences Corp		6.500		03/15/18		129,501
	200,000		Computer Sciences Corp		4.450		09/15/22		205,177
	300,000		Expedia, Inc		7.456		08/15/18		334,318
	300,000		Expedia, Inc		4.500		08/15/24		289,569
	200,000	g	Expedia, Inc		5.000		02/15/26		195,294
	275,000		Fidelity National Information Services, Inc		1.450		06/05/17		271,289
	250,000		Fidelity National Information Services, Inc		2.000		04/15/18		245,848
	500,000		Fidelity National Information Services, Inc		2.850		10/15/18		501,774
	500,000		Fidelity National Information Services, Inc		3.625		10/15/20		506,730
	500,000		Fidelity National Information Services, Inc		4.500		10/15/22		509,158
	600,000		Fidelity National Information Services, Inc		3.875		06/05/24		579,390
	500,000		Fidelity National Information Services, Inc		5.000		10/15/25		516,101
	550,000		Fiserv, Inc		3.500		10/01/22		549,173
	500,000		Fiserv, Inc		3.850		06/01/25		499,358
	100,000		Google, Inc		3.625		05/19/21		106,485
	500,000		Google, Inc		3.375		02/25/24		526,351
	300,000		International Business Machines Corp		0.450		05/06/16		299,696
	225,000		International Business Machines Corp		1.250		02/06/17		225,274
	1,000,000		International Business Machines Corp		5.700		09/14/17		1,072,632
	500,000		International Business Machines Corp		1.125		02/06/18		496,681
	400,000		International Business Machines Corp		1.250		02/08/18		399,292
	500,000		International Business Machines Corp		1.950		02/12/19		502,425
	200,000		International Business Machines Corp		1.875		05/15/19		199,767
	800,000		International Business Machines Corp		8.375		11/01/19		989,566
	300,000		International Business Machines Corp		1.625		05/15/20		292,585
	500,000		International Business Machines Corp		2.900		11/01/21		507,009
	300,000		International Business Machines Corp		1.875		08/01/22		283,209
	500,000		International Business Machines Corp		2.875		11/09/22		496,498
	700,000		International Business Machines Corp		3.375		08/01/23		711,070
	500,000		International Business Machines Corp		3.625		02/12/24		514,962
	400,000		International Business Machines Corp		7.000		10/30/25		513,488
	19,000		International Business Machines Corp		5.600		11/30/39		22,136
	835,000		International Business Machines Corp		4.000		06/20/42		781,001
	200,000		Intuit, Inc		5.750		03/15/17		209,553
	175,000		Juniper Networks, Inc		4.600		03/15/21		181,545
	200,000		Juniper Networks, Inc		4.500		03/15/24		199,156
	250,000		Juniper Networks, Inc		4.350		06/15/25		245,443

90

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	475,000	Microsoft Corp		0.875	%	11/15/17	$	473,275
	500,000	Microsoft Corp		1.300		11/03/18		499,172
	400,000	Microsoft Corp		1.625		12/06/18		402,198
	925,000	Microsoft Corp		4.200		06/01/19		1,000,733
	300,000	Microsoft Corp		1.850		02/12/20		300,569
	540,000	Microsoft Corp		3.000		10/01/20		564,121
	500,000	Microsoft Corp		2.000		11/03/20		500,197
	450,000	Microsoft Corp		4.000		02/08/21		489,952
	300,000	Microsoft Corp		2.375		02/12/22		296,211
	500,000	Microsoft Corp		2.650		11/03/22		499,557
	400,000	Microsoft Corp		2.125		11/15/22		386,735
	400,000	Microsoft Corp		3.625		12/15/23		420,582
	500,000	Microsoft Corp		2.700		02/12/25		487,893
	750,000	Microsoft Corp		3.125		11/03/25		754,357
	925,000	Microsoft Corp		4.200		11/03/35		943,881
	500,000	Microsoft Corp		3.500		11/15/42		443,836
	300,000	Microsoft Corp		3.750		05/01/43		277,718
	750,000	Microsoft Corp		3.750		02/12/45		691,061
	575,000	Microsoft Corp		4.450		11/03/45		592,993
	1,750,000	Microsoft Corp		4.000		02/12/55		1,570,777
	500,000	Microsoft Corp		4.750		11/03/55		517,817
	1,000,000	Oracle Corp		1.200		10/15/17		1,000,580
	320,000	Oracle Corp		5.750		04/15/18		349,197
	750,000	Oracle Corp		2.375		01/15/19		761,775
	750,000	Oracle Corp		2.250		10/08/19		758,099
	1,365,000	Oracle Corp		3.875		07/15/20		1,459,334
	500,000	Oracle Corp		2.800		07/08/21		506,494
	500,000	Oracle Corp		2.500		05/15/22		491,060
	1,725,000	Oracle Corp		2.500		10/15/22		1,684,787
	750,000	Oracle Corp		3.400		07/08/24		761,996
	750,000	Oracle Corp		2.950		05/15/25		732,266
	400,000	Oracle Corp		3.250		05/15/30		375,701
	1,250,000	Oracle Corp		4.300		07/08/34		1,242,610
	500,000	Oracle Corp		3.900		05/15/35		469,006
	470,000	Oracle Corp		6.125		07/08/39		568,279
	500,000	Oracle Corp		4.500		07/08/44		503,097
	500,000	Oracle Corp		4.125		05/15/45		473,222
	500,000	Oracle Corp		4.375		05/15/55		457,084
	250,000	Symantec Corp		2.750		06/15/17		249,669
	200,000	Symantec Corp		3.950		06/15/22		197,815
	250,000	Total System Services, Inc		2.375		06/01/18		247,420
	125,000	Total System Services, Inc		3.750		06/01/23		121,330
	20,000	Western Union Co		5.930		10/01/16		20,635
	500,000	Western Union Co		2.875		12/10/17		505,970
	100,000	Western Union Co		3.650		08/22/18		102,523
	400,000	Western Union Co		5.253		04/01/20		431,042
	100,000	Xerox Corp		2.950		03/15/17		100,746
	250,000	Xerox Corp		6.350		05/15/18		267,303
	100,000	Xerox Corp		2.750		03/15/19		98,219
	700,000	Xerox Corp		5.625		12/15/19		744,673
	200,000	Xerox Corp		2.800		05/15/20		190,732
	500,000	Xerox Corp		2.750		09/01/20		471,179

91

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	200,000		Xerox Corp		6.750	%	12/15/39	$	192,297
			TOTAL SOFTWARE & SERVICES						48,113,086
TECHNOLOGY HARDWARE & EQUIPMENT - 0.7%
	200,000		Amphenol Corp		2.550		01/30/19		200,059
	125,000		Amphenol Corp		3.125		09/15/21		123,660
	150,000		Amphenol Corp		4.000		02/01/22		153,759
	1,250,000		Apple, Inc		1.050		05/05/17		1,250,781
	1,000,000		Apple, Inc		2.100		05/06/19		1,011,934
	1,750,000		Apple, Inc		2.850		05/06/21		1,792,983
	750,000		Apple, Inc		2.150		02/09/22		728,229
	750,000		Apple, Inc		2.700		05/13/22		755,623
	2,250,000		Apple, Inc		3.450		05/06/24		2,331,076
	750,000		Apple, Inc		2.500		02/09/25		717,658
	750,000		Apple, Inc		3.200		05/13/25		759,532
	750,000		Apple, Inc		4.450		05/06/44		756,770
	750,000		Apple, Inc		3.450		02/09/45		645,650
	800,000		Apple, Inc		4.375		05/13/45		807,168
	100,000		CC Holdings GS V LLC		2.381		12/15/17		100,108
	175,000		CC Holdings GS V LLC		3.849		04/15/23		171,871
	400,000		Cisco Systems, Inc		1.650		06/15/18		401,659
	1,900,000		Cisco Systems, Inc		4.450		01/15/20		2,068,074
	400,000		Cisco Systems, Inc		2.450		06/15/20		403,881
	1,250,000		Cisco Systems, Inc		2.900		03/04/21		1,285,516
	400,000		Cisco Systems, Inc		3.000		06/15/22		406,866
	1,100,000		Cisco Systems, Inc		3.625		03/04/24		1,148,419
	400,000		Cisco Systems, Inc		3.500		06/15/25		411,841
	600,000		Cisco Systems, Inc		5.900		02/15/39		731,843
	900,000		EMC Corp		1.875		06/01/18		839,866
	400,000		EMC Corp		2.650		06/01/20		355,366
	400,000		EMC Corp		3.375		06/01/23		325,657
	300,000	g	Flextronics International Ltd		4.750		06/15/25		292,125
	750,000		General Electric Co		5.250		12/06/17		800,836
	1,725,000		General Electric Co		2.700		10/09/22		1,718,883
	1,075,000		General Electric Co		4.125		10/09/42		1,050,047
	250,000		General Electric Co		4.500		03/11/44		257,266
	300,000		Harris Corp		1.999		04/27/18		296,663
	205,000		Harris Corp		2.700		04/27/20		201,186
	300,000		Harris Corp		4.400		12/15/20		313,553
	300,000		Harris Corp		4.854		04/27/35		295,172
	300,000		Harris Corp		5.054		04/27/45		293,732
	750,000	g	Hewlett Packard Enterprise Co		4.400		10/15/22		747,212
	750,000	g	Hewlett Packard Enterprise Co		6.200		10/15/35		722,338
	750,000	g	Hewlett Packard Enterprise Co		6.350		10/15/45		711,969
	113,000		Hewlett-Packard Co		3.750		12/01/20		112,147
	200,000		Hewlett-Packard Co		4.375		09/15/21		196,887
	100,000		Hewlett-Packard Co		4.650		12/09/21		99,630
	200,000		Hewlett-Packard Co		4.050		09/15/22		190,521
	850,000		Hewlett-Packard Co		6.000		09/15/41		742,220
	750,000	g	Hewlett-Packard Enterprise Co		2.850		10/05/18		749,727
	475,000	g	Hewlett-Packard Enterprise Co		3.600		10/15/20		476,140
	1,000,000	g	Hewlett-Packard Enterprise Co		4.900		10/15/25		982,081

92

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	200,000		Ingram Micro, Inc		5.000	%	08/10/22	$	201,825
	547,000		Koninklijke Philips Electronics NV		5.750		03/11/18		585,460
	100,000		Koninklijke Philips Electronics NV		6.875		03/11/38		115,876
	300,000		Koninklijke Philips Electronics NV		5.000		03/15/42		287,616
	100,000		L-3 Communications Corp		3.950		11/15/16		101,507
	100,000		L-3 Communications Corp		1.500		05/28/17		98,759
	420,000		L-3 Communications Corp		5.200		10/15/19		444,876
	300,000		L-3 Communications Corp		4.950		02/15/21		309,187
	52,000		L-3 Communications Corp		3.950		05/28/24		49,426
	100,000		Lexmark International, Inc		6.650		06/01/18		107,719
	100,000		Lexmark International, Inc		5.125		03/15/20		104,049
	100,000		Motorola Solutions, Inc		3.500		09/01/21		94,106
	200,000		Motorola Solutions, Inc		3.750		05/15/22		183,265
	250,000		Motorola Solutions, Inc		3.500		03/01/23		219,405
	200,000		Motorola Solutions, Inc		4.000		09/01/24		173,583
	200,000		Motorola Solutions, Inc		5.500		09/01/44		157,055
	200,000		NetApp, Inc		2.000		12/15/17		198,678
	200,000		NetApp, Inc		3.375		06/15/21		195,323
	200,000		NetApp, Inc		3.250		12/15/22		188,886
	500,000		Pitney Bowes, Inc		4.625		03/15/24		490,050
	500,000		QUALCOMM, Inc		1.400		05/18/18		495,757
	500,000		QUALCOMM, Inc		2.250		05/20/20		495,362
	500,000		QUALCOMM, Inc		3.000		05/20/22		495,255
	500,000		QUALCOMM, Inc		3.450		05/20/25		479,658
	500,000		QUALCOMM, Inc		4.650		05/20/35		463,473
	500,000		QUALCOMM, Inc		4.800		05/20/45		444,457
	750,000		Seagate HDD Cayman		4.750		01/01/25		624,871
	200,000	g	Seagate HDD Cayman		4.875		06/01/27		153,565
	200,000	g	Seagate HDD Cayman		5.750		12/01/34		139,952
	100,000		Tech Data Corp		3.750		09/21/17		101,203
	200,000		Telefonaktiebolaget LM Ericsson		4.125		05/15/22		205,165
	225,000		Tyco Electronics Group S.A.		6.550		10/01/17		242,491
	200,000		Tyco Electronics Group S.A.		2.375		12/17/18		199,751
	200,000		Tyco Electronics Group S.A.		2.350		08/01/19		199,346
	250,000		Tyco Electronics Group S.A.		3.500		02/03/22		254,555
	200,000		Tyco Electronics Group S.A.		3.450		08/01/24		199,184
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						41,436,880
TELECOMMUNICATION SERVICES - 1.3%
	500,000		Alibaba Group Holding Ltd		1.625		11/28/17		493,732
	500,000		Alibaba Group Holding Ltd		2.500		11/28/19		488,479
	500,000		Alibaba Group Holding Ltd		3.125		11/28/21		484,937
	500,000		Alibaba Group Holding Ltd		3.600		11/28/24		477,621
	500,000		Alibaba Group Holding Ltd		4.500		11/28/34		478,381
	1,430,000		America Movil SAB de C.V.		5.000		03/30/20		1,551,867
	950,000		America Movil SAB de C.V.		3.125		07/16/22		933,439
	440,000		America Movil SAB de C.V.		6.125		03/30/40		483,424
	825,000		America Movil SAB de C.V.		4.375		07/16/42		727,624
	1,150,000		American Tower Corp		4.500		01/15/18		1,199,342
	200,000		American Tower Corp		3.450		09/15/21		201,083
	200,000		American Tower Corp		4.700		03/15/22		210,319
	250,000		American Tower Corp		3.500		01/31/23		244,513

93

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	800,000	American Tower Corp		5.000	%	02/15/24	$	846,882
	300,000	American Tower Corp		4.000		06/01/25		294,932
	750,000	AT&T, Inc		1.700		06/01/17		752,055
	325,000	AT&T, Inc		1.400		12/01/17		323,514
	300,000	AT&T, Inc		2.375		11/27/18		302,312
	950,000	AT&T, Inc		5.800		02/15/19		1,048,263
	500,000	AT&T, Inc		2.300		03/11/19		499,850
	900,000	AT&T, Inc		2.450		06/30/20		886,683
	500,000	AT&T, Inc		4.450		05/15/21		532,367
	4,300,000	AT&T, Inc		3.000		02/15/22		4,217,517
	1,500,000	AT&T, Inc		3.000		06/30/22		1,459,156
	1,500,000	AT&T, Inc		3.400		05/15/25		1,441,822
	1,175,000	AT&T, Inc		4.500		05/15/35		1,086,823
	922,000	AT&T, Inc		5.350		09/01/40		910,650
	1,200,000	AT&T, Inc		5.550		08/15/41		1,204,938
	2,066,000	AT&T, Inc		4.300		12/15/42		1,765,174
	750,000	AT&T, Inc		4.800		06/15/44		687,102
	1,854,000	AT&T, Inc		4.350		06/15/45		1,593,339
	1,025,000	AT&T, Inc		4.750		05/15/46		938,310
	400,000	British Telecommunications plc		5.950		01/15/18		431,296
	1,000,000	British Telecommunications plc		2.350		02/14/19		1,002,749
	650,000	British Telecommunications plc		9.625		12/15/30		949,445
	850,000	Deutsche Telekom International Finance BV		6.000		07/08/19		951,555
	740,000	Deutsche Telekom International Finance BV		8.750		06/15/30		1,026,582
	600,000	Embarq Corp		7.995		06/01/36		618,000
	1,200,000	France Telecom S.A.		4.125		09/14/21		1,270,421
	745,000	France Telecom S.A.		9.000		03/01/31		1,051,496
	100,000	France Telecom S.A.		5.375		01/13/42		103,391
	250,000	Koninklijke KPN NV		8.375		10/01/30		327,596
	150,000	Nippon Telegraph & Telephone Corp		1.400		07/18/17		149,425
	400,000	Orange S.A.		5.500		02/06/44		424,072
	300,000	Qwest Corp		6.500		06/01/17		313,941
	400,000	Qwest Corp		6.750		12/01/21		419,000
	125,000	Rogers Communications, Inc		4.500		03/15/43		116,271
	600,000	Rogers Communications, Inc		6.800		08/15/18		669,788
	200,000	Rogers Communications, Inc		4.100		10/01/23		206,174
	300,000	Rogers Communications, Inc		3.625		12/15/25		295,112
	300,000	Rogers Communications, Inc		5.450		10/01/43		315,224
	600,000	Rogers Communications, Inc		5.000		03/15/44		603,630
	400,000	Telefonica Emisiones SAU		3.192		04/27/18		407,806
	2,020,000	Telefonica Emisiones SAU		5.134		04/27/20		2,206,331
	500,000	Telefonica Emisiones SAU		4.570		04/27/23		524,521
	300,000	Telefonica Emisiones SAU		7.045		06/20/36		360,602
	392,000	Telefonica Europe BV		8.250		09/15/30		513,030
	100,000	Telefonos de Mexico SAB de C.V.		5.500		11/15/19		109,250
	500,000	Verizon Communications, Inc		1.350		06/09/17		498,577
	200,000	Verizon Communications, Inc		2.550		06/17/19		202,543
	6,234,000	Verizon Communications, Inc		2.625		02/21/20		6,256,879
	2,500,000	Verizon Communications, Inc		4.500		09/15/20		2,686,390
	500,000	Verizon Communications, Inc		3.450		03/15/21		511,787
	1,000,000	Verizon Communications, Inc		3.000		11/01/21		997,540
	950,000	Verizon Communications, Inc		3.500		11/01/21		970,456

94

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	1,350,000	Verizon Communications, Inc		4.150	%	03/15/24	$	1,388,206
	1,500,000	Verizon Communications, Inc		3.500		11/01/24		1,482,281
	62,000	Verizon Communications, Inc		6.400		09/15/33		70,638
	475,000	Verizon Communications, Inc		5.050		03/15/34		472,977
	1,500,000	Verizon Communications, Inc		4.400		11/01/34		1,383,945
	2,600,000	Verizon Communications, Inc		4.272		01/15/36		2,346,776
	380,000	Verizon Communications, Inc		6.250		04/01/37		426,569
	300,000	Verizon Communications, Inc		6.000		04/01/41		323,974
	1,150,000	Verizon Communications, Inc		4.750		11/01/41		1,060,404
	1,425,000	Verizon Communications, Inc		3.850		11/01/42		1,164,627
	326,000	Verizon Communications, Inc		6.550		09/15/43		387,020
	1,818,000	Verizon Communications, Inc		4.522		09/15/48		1,625,672
	2,676,000	Verizon Communications, Inc		5.012		08/21/54		2,449,637
	3,154,000	Verizon Communications, Inc		4.672		03/15/55		2,735,997
	400,000	Vodafone Group plc		1.500		02/19/18		395,580
	1,500,000	Vodafone Group plc		5.450		06/10/19		1,644,318
	650,000	Vodafone Group plc		4.375		03/16/21		687,983
	500,000	Vodafone Group plc		2.500		09/26/22		463,301
	800,000	Vodafone Group plc		2.950		02/19/23		750,024
	150,000	Vodafone Group plc		6.150		02/27/37		147,946
	700,000	Vodafone Group plc		4.375		02/19/43		576,555
		TOTAL TELECOMMUNICATION SERVICES						78,241,760
TRANSPORTATION - 0.7%
	100,000	ABB Finance USA, Inc		1.625		05/08/17		100,071
	500,000	ABB Finance USA, Inc		2.875		05/08/22		493,092
	150,000	ABB Finance USA, Inc		4.375		05/08/42		148,659
	347,132	American Airlines Pass Through Trust		4.950		01/15/23		366,224
	450,217	American Airlines Pass Through Trust		4.000		07/15/25		454,719
	282,547	American Airlines Pass Through Trust		3.700		10/01/26		282,717
	293,934	American Airlines Pass Through Trust		3.375		05/01/27		283,646
	200,000	American Airlines Pass Through Trust		3.600		09/22/27		202,000
	700,000	Boeing Capital Corp		2.900		08/15/18		721,983
	625,000	Boeing Co		0.950		05/15/18		617,887
	200,000	Boeing Co		2.200		10/30/22		193,151
	500,000	Boeing Co		2.850		10/30/24		495,285
	400,000	Boeing Co		2.600		10/30/25		387,237
	100,000	Boeing Co		3.300		03/01/35		91,288
	350,000	Boeing Co		5.875		02/15/40		441,020
	100,000	Boeing Co		3.500		03/01/45		92,200
	555,000	Burlington Northern Santa Fe LLC		4.700		10/01/19		600,411
	500,000	Burlington Northern Santa Fe LLC		4.100		06/01/21		526,972
	300,000	Burlington Northern Santa Fe LLC		3.050		03/15/22		300,804
	150,000	Burlington Northern Santa Fe LLC		3.050		09/01/22		149,875
	500,000	Burlington Northern Santa Fe LLC		3.850		09/01/23		519,682
	500,000	Burlington Northern Santa Fe LLC		3.750		04/01/24		512,357
	150,000	Burlington Northern Santa Fe LLC		3.400		09/01/24		150,222
	300,000	Burlington Northern Santa Fe LLC		3.000		04/01/25		288,591
	200,000	Burlington Northern Santa Fe LLC		3.650		09/01/25		202,682
	360,000	Burlington Northern Santa Fe LLC		5.750		05/01/40		403,092
	250,000	Burlington Northern Santa Fe LLC		5.050		03/01/41		258,667
	200,000	Burlington Northern Santa Fe LLC		4.400		03/15/42		190,031

95

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	200,000		Burlington Northern Santa Fe LLC		4.450	%	03/15/43	$	190,183
	500,000		Burlington Northern Santa Fe LLC		5.150		09/01/43		526,953
	500,000		Burlington Northern Santa Fe LLC		4.900		04/01/44		512,686
	300,000		Burlington Northern Santa Fe LLC		4.550		09/01/44		289,756
	500,000		Burlington Northern Santa Fe LLC		4.150		04/01/45		453,193
	200,000		Burlington Northern Santa Fe LLC		4.700		09/01/45		199,429
	200,000		Canadian National Railway Co		5.550		05/15/18		216,626
	200,000		Canadian National Railway Co		5.550		03/01/19		219,358
	100,000		Canadian National Railway Co		2.850		12/15/21		100,411
	300,000		Canadian National Railway Co		2.250		11/15/22		287,850
	200,000		Canadian National Railway Co		2.950		11/21/24		197,132
	200,000		Canadian National Railway Co		6.900		07/15/28		264,509
	200,000		Canadian National Railway Co		6.250		08/01/34		251,525
	250,000		Canadian National Railway Co		3.500		11/15/42		224,105
	100,000		Canadian National Railway Co		4.500		11/07/43		106,320
	200,000		Canadian Pacific Railway Co		7.250		05/15/19		228,011
	300,000		Canadian Pacific Railway Co		2.900		02/01/25		282,415
	500,000		Canadian Pacific Railway Co		3.700		02/01/26		492,329
	200,000		Canadian Pacific Railway Co		7.125		10/15/31		247,661
	250,000		Canadian Pacific Railway Co		5.950		05/15/37		278,392
	100,000		Canadian Pacific Railway Co		5.750		01/15/42		108,479
	100,000		Canadian Pacific Railway Co		4.800		08/01/45		97,256
	200,000		Canadian Pacific Railway Co		6.125		09/15/15		202,443
	200,000		Carnival Corp		1.875		12/15/17		199,711
	200,000		Carnival Corp		3.950		10/15/20		208,919
	368,673		Continental Airlines, Inc		4.750		01/12/21		388,028
	26,873		Continental Airlines, Inc		5.983		04/19/22		29,676
	438,477		Continental Airlines, Inc		4.150		04/11/24		449,877
	179,394		Continental Airlines, Inc		4.000		10/29/24		183,879
	850,000		CSX Corp		7.375		02/01/19		973,224
	125,000		CSX Corp		3.700		11/01/23		127,877
	300,000		CSX Corp		3.400		08/01/24		298,427
	200,000		CSX Corp		3.350		11/01/25		194,357
	100,000		CSX Corp		6.000		10/01/36		113,247
	200,000		CSX Corp		6.150		05/01/37		232,721
	400,000		CSX Corp		5.500		04/15/41		440,590
	350,000		CSX Corp		4.400		03/01/43		329,284
	100,000		CSX Corp		4.100		03/15/44		90,569
	200,000		CSX Corp		3.950		05/01/50		169,140
	300,000		CSX Corp		4.500		08/01/54		272,115
	299,402		Delta Air Lines, Inc		5.300		04/15/19		317,366
	156,448		Delta Air Lines, Inc		4.750		05/07/20		165,052
	125,000		Delta Airlines		3.625		07/30/27		126,563
	184,000	g	Embraer Overseas Ltd		5.696		09/16/23		178,940
	100,000		Embraer S.A.		5.150		06/15/22		97,000
	134,000		FedEx Corp		8.000		01/15/19		156,007
	100,000		FedEx Corp		2.300		02/01/20		100,429
	300,000		FedEx Corp		4.000		01/15/24		313,216
	100,000		FedEx Corp		3.200		02/01/25		97,344
	1,000,000		FedEx Corp		4.900		01/15/34		1,027,265
	200,000		FedEx Corp		3.900		02/01/35		182,053
	200,000		FedEx Corp		3.875		08/01/42		172,958

96

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	750,000		FedEx Corp		4.750	%	11/15/45	$	742,568
	200,000		FedEx Corp		4.500		02/01/65		171,738
	100,000		GATX Corp		3.500		07/15/16		101,079
	443,000		GATX Corp		1.250		03/04/17		438,577
	100,000		GATX Corp		2.375		07/30/18		99,295
	200,000		GATX Corp		2.500		03/15/19		196,850
	100,000		GATX Corp		2.600		03/30/20		97,329
	225,000		GATX Corp		5.200		03/15/44		214,750
	233,511		Hawaiian Airlines Pass Through Certificates		3.900		01/15/26		227,673
	100,000		JB Hunt Transport Services, Inc		2.400		03/15/19		100,653
	200,000		JB Hunt Transport Services, Inc		3.300		08/15/22		198,137
	100,000	g	Kansas City Southern		3.000		05/15/23		94,648
	100,000	g	Kansas City Southern		4.300		05/15/43		90,136
	175,000	g	Kansas City Southern		4.950		08/15/45		171,244
	210,000		Norfolk Southern Corp		5.750		04/01/18		226,666
	100,000		Norfolk Southern Corp		3.250		12/01/21		99,764
	250,000		Norfolk Southern Corp		3.000		04/01/22		247,132
	1,291,000		Norfolk Southern Corp		2.903		02/15/23		1,247,298
	200,000		Norfolk Southern Corp		3.850		01/15/24		203,743
	81,000		Norfolk Southern Corp		5.590		05/17/25		92,663
	16,000		Norfolk Southern Corp		4.837		10/01/41		15,541
	750,000		Norfolk Southern Corp		3.950		10/01/42		645,519
	200,000		Norfolk Southern Corp		4.800		08/15/43		194,301
	300,000		Norfolk Southern Corp		4.450		06/15/45		282,486
	200,000		Norfolk Southern Corp		4.650		01/15/46		191,103
	250,000		Northrop Grumman Corp		1.750		06/01/18		248,027
	650,000		Northrop Grumman Corp		3.500		03/15/21		671,356
	400,000		Northrop Grumman Corp		3.250		08/01/23		400,152
	100,000		Northrop Grumman Corp		5.050		11/15/40		105,358
	400,000		Northrop Grumman Corp		4.750		06/01/43		411,668
	300,000		Northrop Grumman Corp		3.850		04/15/45		269,734
	50,000		Ryder System, Inc		3.600		03/01/16		50,196
	150,000		Ryder System, Inc		2.500		03/01/17		151,008
	150,000		Ryder System, Inc		2.500		03/01/18		149,761
	200,000		Ryder System, Inc		2.450		11/15/18		199,851
	100,000		Ryder System, Inc		2.550		06/01/19		99,421
	200,000		Ryder System, Inc		2.450		09/03/19		197,096
	300,000		Ryder System, Inc		2.500		05/11/20		292,297
	100,000		Southwest Airlines Co		2.750		11/06/19		100,817
	400,000		Southwest Airlines Co		2.650		11/05/20		398,131
	100,000		Spirit Airlines, Inc		4.100		04/01/28		98,500
	100,000		Union Pacific Corp		2.250		02/15/19		100,733
	200,000		Union Pacific Corp		2.250		06/19/20		200,324
	331,000		Union Pacific Corp		4.163		07/15/22		358,005
	500,000		Union Pacific Corp		2.950		01/15/23		501,741
	277,000		Union Pacific Corp		3.646		02/15/24		289,273
	200,000		Union Pacific Corp		3.750		03/15/24		209,840
	200,000		Union Pacific Corp		3.250		01/15/25		202,981
	200,000		Union Pacific Corp		3.250		08/15/25		203,340
	100,000		Union Pacific Corp		3.375		02/01/35		90,316
	100,000		Union Pacific Corp		4.750		09/15/41		106,896
	100,000		Union Pacific Corp		4.300		06/15/42		99,936

97

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	150,000	Union Pacific Corp		4.250	%	04/15/43	$	150,396
	250,000	Union Pacific Corp		4.750		12/15/43		268,802
	200,000	Union Pacific Corp		4.821		02/01/44		217,431
	200,000	Union Pacific Corp		4.850		06/15/44		217,034
	200,000	Union Pacific Corp		4.050		11/15/45		193,501
	200,000	Union Pacific Corp		3.875		02/01/55		176,179
	200,000	Union Pacific Corp		4.375		11/15/65		185,242
	200,000	Union Pacific Railroad Co		2.695		05/12/27		193,787
	200,000	United Airlines 2015- Class AA Pass Through Trust		3.450		12/01/27		201,750
	285,596	United Airlines Pass Through Trust		4.300		08/15/25		295,592
	300,000	United Airlines Pass Through Trust		3.750		09/03/26		302,640
	100,000	United Parcel Service, Inc		1.125		10/01/17		99,931
	100,000	United Parcel Service, Inc		5.500		01/15/18		108,248
	300,000	United Parcel Service, Inc		5.125		04/01/19		331,048
	1,105,000	United Parcel Service, Inc		3.125		01/15/21		1,149,179
	900,000	United Parcel Service, Inc		2.450		10/01/22		890,294
	35,000	United Parcel Service, Inc		6.200		01/15/38		44,860
	450,000	United Parcel Service, Inc		3.625		10/01/42		417,702
	165,830	US Airways Pass Through Trust		4.625		06/03/25		172,048
	271,386	US Airways Pass Through Trust		3.950		11/15/25		273,421
		TOTAL TRANSPORTATION						41,574,157
UTILITIES - 2.2%
	370,000	AGL Capital Corp		5.250		08/15/19		398,032
	275,000	AGL Capital Corp		3.875		11/15/25		276,753
	275,000	AGL Capital Corp		4.400		06/01/43		247,386
	475,000	Alabama Power Co		3.550		12/01/23		488,908
	300,000	Alabama Power Co		5.200		06/01/41		325,253
	200,000	Alabama Power Co		3.850		12/01/42		183,574
	400,000	Alabama Power Co		3.750		03/01/45		359,378
	300,000	Ameren Corp		2.700		11/15/20		298,970
	600,000	Ameren Illinois Co		2.700		09/01/22		590,274
	200,000	Ameren Illinois Co		3.250		03/01/25		201,271
	100,000	Ameren Illinois Co		4.800		12/15/43		107,911
	200,000	Ameren Illinois Co		4.300		07/01/44		200,954
	500,000	American Water Capital Corp		3.850		03/01/24		525,198
	300,000	American Water Capital Corp		3.400		03/01/25		304,815
	225,000	American Water Capital Corp		4.300		12/01/42		227,531
	150,000	American Water Capital Corp		4.300		09/01/45		151,899
	140,000	Appalachian Power Co		7.000		04/01/38		174,506
	500,000	Appalachian Power Co		4.400		05/15/44		470,559
	150,000	Arizona Public Service Co		8.750		03/01/19		178,138
	200,000	Arizona Public Service Co		3.350		06/15/24		203,195
	350,000	Arizona Public Service Co		4.500		04/01/42		358,703
	200,000	Arizona Public Service Co		4.700		01/15/44		212,501
	200,000	Arizona Public Service Co		4.350		11/15/45		202,317
	100,000	Atmos Energy Corp		8.500		03/15/19		117,231
	100,000	Atmos Energy Corp		5.500		06/15/41		114,636
	125,000	Atmos Energy Corp		4.150		01/15/43		120,923
	200,000	Atmos Energy Corp		4.125		10/15/44		191,514
	100,000	Baltimore Gas & Electric Co		3.500		11/15/21		103,670
	400,000	Baltimore Gas & Electric Co		3.350		07/01/23		405,104

98

TIAA-CREF FUNDS - Bond Index Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	200,000	Berkshire Hathaway Energy Co		1.100	%	05/15/17	$	198,180
	200,000	Berkshire Hathaway Energy Co		2.000		11/15/18		198,733
	325,000	Berkshire Hathaway Energy Co		2.400		02/01/20		321,978
	200,000	Berkshire Hathaway Energy Co		3.750		11/15/23		205,258
	350,000	Berkshire Hathaway Energy Co		3.500		02/01/25		347,104
	200,000	Berkshire Hathaway Energy Co		5.150		11/15/43		211,046
	500,000	Berkshire Hathaway Energy Co		4.500		02/01/45		480,380
	200,000	Black Hills Corp		4.250		11/30/23		204,322
	785,000	Carolina Power & Light Co		5.300		01/15/19		862,439
	350,000	Carolina Power & Light Co		3.000		09/15/21		356,957
	150,000	Carolina Power & Light Co		2.800		05/15/22		150,173
	100,000	Carolina Power & Light Co		4.100		05/15/42		96,951
	300,000	Carolina Power & Light Co		4.100		03/15/43		290,915
	400,000	CenterPoint Energy Houston Electric LLC		2.250		08/01/22		384,468
	100,000	CenterPoint Energy Houston Electric LLC		6.950		03/15/33		131,745
	100,000	CenterPoint Energy Houston Electric LLC		3.550		08/01/42		89,852
	300,000	CenterPoint Energy Houston Electric LLC		4.500		04/01/44		309,492
	423,000	CenterPoint Energy Resources Corp		4.500		01/15/21		444,165
	203,000	Cleco Power LLC		6.000		12/01/40		228,040
	200,000	CMS Energy Corp		3.875		03/01/24		203,129
	100,000	CMS Energy Corp		3.600		11/15/25		99,439
	100,000	CMS Energy Corp		4.700		03/31/43		98,444
	500,000	Commonwealth Edison Co		1.950		09/01/16		501,024
	300,000	Commonwealth Edison Co		2.150		01/15/19		298,681
	775,000	Commonwealth Edison Co		4.000		08/01/20		819,477
	200,000	Commonwealth Edison Co		3.100		11/01/24		198,206
	387,000	Commonwealth Edison Co		5.900		03/15/36		466,813
	200,000	Commonwealth Edison Co		3.800		10/01/42		184,333
	300,000	Commonwealth Edison Co		4.600		08/15/43		310,517
	300,000	Commonwealth Edison Co		4.700		01/15/44		315,546
	100,000	Commonwealth Edison Co		3.700		03/01/45		89,955
	400,000	Commonwealth Edison Co		4.350		11/15/45		402,316
	200,000	Connecticut Light & Power Co		2.500		01/15/23		193,723
	200,000	Connecticut Light & Power Co		4.300		04/15/44		200,698
	250,000	Connecticut Light & Power Co		4.150		06/01/45		247,071
	60,000	Consolidated Edison Co of New York, Inc		6.650		04/01/19		68,108
	1,390,000	Consolidated Edison Co of New York, Inc		4.450		06/15/20		1,507,226
	325,000	Consolidated Edison Co of New York, Inc		5.700		06/15/40		380,794
	200,000	Consolidated Edison Co of New York, Inc		4.200		03/15/42		191,798
	550,000	Consolidated Edison Co of New York, Inc		3.950		03/01/43		508,215
	600,000	Consolidated Edison Co of New York, Inc		4.450		03/15/44		599,489
	150,000	Consolidated Edison Co of New York, Inc		4.500		12/01/45		151,837
	200,000	Consolidated Edison Co of New York, Inc		4.625		12/01/54		196,625
	230,000	Consumers Energy Co		6.125		03/15/19		257,862
	150,000	Consumers Energy Co		2.850		05/15/22		148,549
	200,000	Consumers Energy Co		3.375		08/15/23		204,545
	100,000	Consumers Energy Co		3.125		08/31/24		99,825
	250,000	Consumers Energy Co		3.950		05/15/43		242,077
	200,000	Consumers Energy Co		4.100		11/15/45		198,460
	100,000	Consumers Energy Co		4.350		08/31/64		94,805
	300,000	Dayton Power & Light Co		1.875		09/15/16		300,254
	200,000	Delmarva Power & Light Co		3.500		11/15/23		205,549

99

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	150,000		Dominion Gas Holdings LLC		2.500	%	12/15/19	$	149,857
	250,000		Dominion Gas Holdings LLC		2.800		11/15/20		250,836
	200,000		Dominion Gas Holdings LLC		3.550		11/01/23		197,304
	200,000		Dominion Gas Holdings LLC		3.600		12/15/24		198,086
	200,000		Dominion Gas Holdings LLC		4.800		11/01/43		191,270
	200,000		Dominion Gas Holdings LLC		4.600		12/15/44		186,042
	100,000		Dominion Resources, Inc		1.400		09/15/17		98,978
	300,000		Dominion Resources, Inc		1.900		06/15/18		297,125
	1,700,000		Dominion Resources, Inc		4.450		03/15/21		1,799,759
	200,000		Dominion Resources, Inc		3.625		12/01/24		198,158
	200,000		Dominion Resources, Inc		5.950		06/15/35		222,008
	100,000		Dominion Resources, Inc		4.050		09/15/42		88,231
	200,000		Dominion Resources, Inc		4.700		12/01/44		194,800
	300,000	i	Dominion Resources, Inc		5.750		10/01/54		293,940
	400,000		DTE Energy Electric Company		3.450		10/01/20		418,216
	100,000		DTE Energy Electric Company		2.650		06/15/22		98,442
	200,000	g	DTE Energy Electric Company		3.300		06/15/22		200,691
	200,000		DTE Energy Electric Company		3.850		12/01/23		205,527
	200,000		DTE Energy Electric Company		3.650		03/15/24		209,109
	200,000		DTE Energy Electric Company		3.500		06/01/24		200,371
	100,000		DTE Energy Electric Company		3.950		06/15/42		95,729
	200,000		DTE Energy Electric Company		4.000		04/01/43		193,697
	200,000		DTE Energy Electric Company		4.300		07/01/44		203,105
	300,000		DTE Energy Electric Company		3.700		03/15/45		275,650
	125,000		Duke Energy Carolinas LLC		4.300		06/15/20		135,307
	500,000		Duke Energy Carolinas LLC		4.000		09/30/42		481,281
	300,000		Duke Energy Carolinas LLC		3.750		06/01/45		277,817
	500,000		Duke Energy Corp		2.100		06/15/18		500,669
	746,000		Duke Energy Corp		5.050		09/15/19		811,771
	300,000		Duke Energy Corp		3.050		08/15/22		295,810
	300,000		Duke Energy Corp		3.950		10/15/23		308,954
	300,000		Duke Energy Corp		3.750		04/15/24		304,180
	300,000		Duke Energy Corp		4.800		12/15/45		303,118
	250,000		Duke Energy Indiana, Inc		4.200		03/15/42		245,063
	200,000		Duke Energy Indiana, Inc		4.900		07/15/43		216,136
	300,000		Duke Energy Progress LLC		3.250		08/15/25		302,299
	300,000		Duke Energy Progress LLC		4.200		08/15/45		295,560
	400,000		Duke Energy Progress, Inc		4.375		03/30/44		405,942
	500,000		Duke Energy Progress, Inc		4.150		12/01/44		488,317
	50,000		Empresa Nacional de Electricidad S.A.		4.250		04/15/24		49,393
	100,000		Enbridge, Inc		5.600		04/01/17		102,864
	300,000		Enbridge, Inc		4.000		10/01/23		265,427
	300,000		Enbridge, Inc		4.500		06/10/44		204,360
	400,000		Energy Transfer Partners LP		6.125		02/15/17		408,576
	500,000		Energy Transfer Partners LP		2.500		06/15/18		478,762
	44,000		Energy Transfer Partners LP		9.700		03/15/19		48,472
	500,000		Energy Transfer Partners LP		4.150		10/01/20		461,440
	500,000		Energy Transfer Partners LP		4.650		06/01/21		469,403
	200,000		Energy Transfer Partners LP		5.200		02/01/22		186,879
	200,000		Energy Transfer Partners LP		3.600		02/01/23		164,746
	500,000		Energy Transfer Partners LP		4.900		02/01/24		445,811
	400,000		Energy Transfer Partners LP		4.050		03/15/25		328,683

100

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	500,000		Energy Transfer Partners LP		4.750	%	01/15/26	$	430,353
	400,000		Energy Transfer Partners LP		4.900		03/15/35		290,694
	140,000		Energy Transfer Partners LP		7.500		07/01/38		129,302
	450,000		Energy Transfer Partners LP		6.500		02/01/42		366,008
	200,000		Energy Transfer Partners LP		5.150		02/01/43		142,975
	200,000		Energy Transfer Partners LP		5.950		10/01/43		160,442
	400,000		Energy Transfer Partners LP		5.150		03/15/45		282,756
	500,000		Energy Transfer Partners LP		6.125		12/15/45		406,823
	200,000		EnLink Midstream Partners LP		2.700		04/01/19		182,478
	200,000		EnLink Midstream Partners LP		4.400		04/01/24		158,437
	300,000		EnLink Midstream Partners LP		4.150		06/01/25		230,913
	200,000		EnLink Midstream Partners LP		5.600		04/01/44		139,312
	125,000		Entergy Arkansas, Inc		3.750		02/15/21		130,108
	300,000		Entergy Arkansas, Inc		3.050		06/01/23		295,054
	175,000		Entergy Arkansas, Inc		3.700		06/01/24		178,573
	200,000		Entergy Arkansas, Inc		4.950		12/15/44		197,251
	200,000		Entergy Corp		5.125		09/15/20		214,998
	200,000		Entergy Corp		4.000		07/15/22		204,059
	200,000		Entergy Louisiana LLC		4.050		09/01/23		206,393
	200,000		Entergy Louisiana LLC		4.950		01/15/45		199,542
	225,000		Entergy Texas, Inc		7.125		02/01/19		254,828
	300,000		EQT Midstream Partners LP		4.000		08/01/24		247,439
	325,000		Exelon Corp		2.850		06/15/20		323,312
	300,000	g	Exelon Corp		3.950		06/15/25		299,775
	500,000	g	Exelon Corp		4.950		06/15/35		501,350
	200,000		Exelon Generation Co LLC		2.950		01/15/20		199,343
	200,000		Exelon Generation Co LLC		4.250		06/15/22		202,648
	371,000		Exelon Generation Co LLC		5.600		06/15/42		345,446
	400,000		Florida Power & Light Co		2.750		06/01/23		395,633
	500,000		Florida Power & Light Co		3.250		06/01/24		510,719
	300,000		Florida Power & Light Co		3.125		12/01/25		300,587
	247,000		Florida Power & Light Co		4.950		06/01/35		271,046
	400,000		Florida Power & Light Co		5.250		02/01/41		458,648
	100,000		Florida Power & Light Co		4.125		02/01/42		99,524
	200,000		Florida Power & Light Co		4.050		06/01/42		196,835
	450,000		Florida Power & Light Co		3.800		12/15/42		426,074
	400,000		Florida Power & Light Co		4.050		10/01/44		395,935
	29,000		Florida Power Corp		5.650		06/15/18		31,661
	1,200,000		Florida Power Corp		3.100		08/15/21		1,226,077
	165,000		Florida Power Corp		6.400		06/15/38		210,859
	300,000		Florida Power Corp		3.850		11/15/42		280,461
	900,000		Georgia Power Co		5.700		06/01/17		950,020
	200,000		Georgia Power Co		1.950		12/01/18		199,535
	177,000		Georgia Power Co		5.950		02/01/39		201,007
	700,000		Georgia Power Co		4.300		03/15/43		642,055
	200,000		Great Plains Energy, Inc		4.850		06/01/21		214,903
	200,000	i	Great Plains Energy, Inc		5.292		06/15/22		218,825
	80,000		Indiana Michigan Power Co		7.000		03/15/19		90,682
	200,000		Indiana Michigan Power Co		3.200		03/15/23		197,271
	70,000		Integrys Energy Group, Inc		4.170		11/01/20		73,969
	300,000		Interstate Power & Light Co		3.250		12/01/24		301,762
	100,000		Interstate Power & Light Co		6.250		07/15/39		125,789

101

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	200,000		Interstate Power & Light Co		4.700	%	10/15/43	$	213,483
	200,000		ITC Holdings Corp		4.050		07/01/23		205,557
	300,000		ITC Holdings Corp		3.650		06/15/24		295,668
	225,000		Kansas City Power & Light Co		3.150		03/15/23		220,608
	200,000		Kansas City Power & Light Co		3.650		08/15/25		201,425
	100,000		Kansas City Power & Light Co		5.300		10/01/41		108,634
	20,000	g	Kansas Gas & Electric		6.700		06/15/19		22,825
	125,000		Kentucky Utilities Co		3.300		10/01/25		126,038
	175,000		Kentucky Utilities Co		4.650		11/15/43		184,039
	100,000		Kentucky Utilities Co		4.375		10/01/45		102,745
	250,000		KeySpan Corp		5.803		04/01/35		272,556
	100,000		Kinder Morgan, Inc		2.000		12/01/17		96,347
	400,000		Kinder Morgan, Inc		5.950		02/15/18		410,156
	300,000		Kinder Morgan, Inc		2.650		02/01/19		277,375
	500,000		Kinder Morgan, Inc		9.000		02/01/19		537,891
	2,400,000		Kinder Morgan, Inc		3.050		12/01/19		2,222,030
	500,000		Kinder Morgan, Inc		3.500		03/01/21		447,661
	100,000		Kinder Morgan, Inc		5.800		03/01/21		99,582
	1,200,000		Kinder Morgan, Inc		3.950		09/01/22		1,045,117
	350,000		Kinder Morgan, Inc		3.450		02/15/23		290,769
	200,000		Kinder Morgan, Inc		3.500		09/01/23		165,917
	300,000		Kinder Morgan, Inc		4.150		02/01/24		258,990
	500,000		Kinder Morgan, Inc		4.250		09/01/24		425,644
	400,000		Kinder Morgan, Inc		4.300		06/01/25		345,783
	800,000		Kinder Morgan, Inc		5.300		12/01/34		630,124
	535,000		Kinder Morgan, Inc		6.500		09/01/39		441,184
	300,000		Kinder Morgan, Inc		5.625		09/01/41		227,194
	200,000		Kinder Morgan, Inc		5.000		08/15/42		147,571
	500,000		Kinder Morgan, Inc		5.000		03/01/43		370,382
	400,000		Kinder Morgan, Inc		5.500		03/01/44		311,979
	200,000		Kinder Morgan, Inc		5.400		09/01/44		151,141
	300,000		Kinder Morgan, Inc		5.550		06/01/45		234,274
	320,000		LG&E and KU Energy LLC		3.750		11/15/20		330,547
	225,000		Louisville Gas & Electric Co		3.300		10/01/25		226,100
	125,000		Louisville Gas & Electric Co		4.650		11/15/43		131,847
	100,000		Louisville Gas & Electric Co		4.375		10/01/45		102,094
	880,000		Metropolitan Edison Co		7.700		01/15/19		1,002,297
	300,000		MidAmerican Energy Co		3.500		10/15/24		306,765
	200,000		MidAmerican Energy Co		4.400		10/15/44		202,248
	300,000		MidAmerican Energy Co		2.400		03/15/19		302,347
	200,000		MidAmerican Energy Co		3.700		09/15/23		207,950
	200,000		MidAmerican Energy Co		4.800		09/15/43		214,009
	200,000		MidAmerican Energy Co		4.250		05/01/46		197,818
	1,032,000		MidAmerican Energy Holdings Co		5.950		05/15/37		1,179,001
	300,000		MidAmerican Energy Holdings Co		6.500		09/15/37		365,240
	750,000		Mississippi Power Co		4.250		03/15/42		573,376
	100,000		National Fuel Gas Co		4.900		12/01/21		102,690
	200,000		National Fuel Gas Co		3.750		03/01/23		185,248
	300,000		National Fuel Gas Co		5.200		07/15/25		275,321
	820,000		Nevada Power Co		6.500		08/01/18		910,185
	45,000		Nevada Power Co		7.125		03/15/19		51,470
	230,000		Nevada Power Co		5.375		09/15/40		253,955

102

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	300,000	NextEra Energy Capital Holdings, Inc		1.586	%	06/01/17	$	298,921
	300,000	NextEra Energy Capital Holdings, Inc		2.056		09/01/17		300,273
	200,000	NextEra Energy Capital Holdings, Inc		2.400		09/15/19		197,112
	100,000	NextEra Energy Capital Holdings, Inc		2.700		09/15/19		99,559
	500,000	NextEra Energy Capital Holdings, Inc		4.500		06/01/21		530,947
	140,000	NiSource Finance Corp		6.400		03/15/18		152,542
	150,000	NiSource Finance Corp		6.125		03/01/22		171,707
	400,000	NiSource Finance Corp		3.850		02/15/23		407,961
	100,000	NiSource Finance Corp		5.950		06/15/41		114,784
	200,000	NiSource Finance Corp		5.250		02/15/43		212,581
	150,000	NiSource Finance Corp		4.800		02/15/44		152,348
	300,000	NiSource Finance Corp		5.650		02/01/45		344,833
	300,000	Northeast Utilities		2.800		05/01/23		289,004
	100,000	Northeast Utilities		3.150		01/15/25		97,663
	500,000	Northern States Power Co		2.200		08/15/20		496,626
	150,000	Northern States Power Co		2.150		08/15/22		144,725
	300,000	Northern States Power Co		2.600		05/15/23		292,421
	425,000	Northern States Power Co		5.350		11/01/39		489,516
	200,000	Northern States Power Co		3.400		08/15/42		176,408
	150,000	Northern States Power Co		4.000		08/15/45		146,699
	200,000	NorthWestern Corp		4.176		11/15/44		196,627
	150,000	NSTAR Electric Co		5.625		11/15/17		159,189
	200,000	NSTAR Electric Co		2.375		10/15/22		192,559
	200,000	NSTAR Electric Co		3.250		11/15/25		199,766
	500,000	Oglethorpe Power Corp		4.200		12/01/42		455,984
	300,000	Oglethorpe Power Corp		4.550		06/01/44		284,305
	250,000	Ohio Edison Co		8.250		10/15/38		346,531
	600,000	Ohio Power Co		5.375		10/01/21		668,162
	100,000	Oklahoma Gas & Electric Co		5.250		05/15/41		112,042
	400,000	Oklahoma Gas & Electric Co		3.900		05/01/43		368,058
	200,000	Oklahoma Gas & Electric Co		4.000		12/15/44		187,609
	400,000	Oncor Electric Delivery Co LLC		2.950		04/01/25		375,847
	200,000	Oncor Electric Delivery Co LLC		6.800		09/01/18		222,315
	100,000	Oncor Electric Delivery Co LLC		2.150		06/01/19		98,402
	150,000	Oncor Electric Delivery Co LLC		4.100		06/01/22		155,889
	70,000	Oncor Electric Delivery Co LLC		7.250		01/15/33		89,776
	100,000	Oncor Electric Delivery Co LLC		5.250		09/30/40		103,204
	550,000	Oncor Electric Delivery Co LLC		4.550		12/01/41		527,093
	150,000	Oncor Electric Delivery Co LLC		5.300		06/01/42		156,128
	100,000	ONEOK Partners LP		2.000		10/01/17		95,524
	200,000	ONEOK Partners LP		3.200		09/15/18		190,830
	400,000	ONEOK Partners LP		3.375		10/01/22		324,695
	200,000	ONEOK Partners LP		5.000		09/15/23		175,139
	700,000	ONEOK Partners LP		4.900		03/15/25		589,821
	130,000	ONEOK Partners LP		6.650		10/01/36		107,454
	250,000	ONEOK Partners LP		6.850		10/15/37		209,724
	100,000	ONEOK Partners LP		6.125		02/01/41		76,414
	355,000	Pacific Gas & Electric Co		8.250		10/15/18		412,653
	400,000	Pacific Gas & Electric Co		3.250		06/15/23		401,092
	175,000	Pacific Gas & Electric Co		3.850		11/15/23		181,860
	200,000	Pacific Gas & Electric Co		3.750		02/15/24		206,100
	500,000	Pacific Gas & Electric Co		3.400		08/15/24		502,075

103

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	400,000	Pacific Gas & Electric Co		3.500	%	06/15/25	$	404,716
	420,000	Pacific Gas & Electric Co		6.050		03/01/34		501,044
	600,000	Pacific Gas & Electric Co		5.400		01/15/40		677,641
	400,000	Pacific Gas & Electric Co		4.500		12/15/41		398,626
	150,000	Pacific Gas & Electric Co		3.750		08/15/42		133,658
	400,000	Pacific Gas & Electric Co		4.600		06/15/43		406,066
	200,000	Pacific Gas & Electric Co		5.125		11/15/43		218,620
	300,000	Pacific Gas & Electric Co		4.750		02/15/44		311,733
	300,000	Pacific Gas & Electric Co		4.300		03/15/45		296,098
	200,000	Pacific Gas & Electric Co		4.250		03/15/46		193,632
	250,000	PacifiCorp		2.950		02/01/22		251,990
	200,000	PacifiCorp		2.950		06/01/23		199,710
	300,000	PacifiCorp		3.600		04/01/24		310,041
	200,000	PacifiCorp		3.350		07/01/25		201,735
	850,000	PacifiCorp		6.000		01/15/39		1,031,325
	150,000	PECO Energy Co		2.375		09/15/22		145,406
	200,000	PECO Energy Co		3.150		10/15/25		199,437
	200,000	PECO Energy Co		4.800		10/15/43		215,769
	200,000	PECO Energy Co		4.150		10/01/44		196,414
	300,000	PG&E Corp		2.400		03/01/19		299,427
	200,000	Phillips 66 Partners LP		2.646		02/15/20		188,770
	300,000	Phillips 66 Partners LP		4.680		02/15/45		221,770
	150,000	Piedmont Natural Gas Co, Inc		4.100		09/18/34		146,100
	200,000	Piedmont Natural Gas Co, Inc		4.650		08/01/43		205,496
	200,000	Potomac Electric Power Co		3.600		03/15/24		206,884
	65,000	Potomac Electric Power Co		7.900		12/15/38		94,964
	500,000	Potomac Electric Power Co		4.150		03/15/43		484,698
	300,000	PPL Capital Funding, Inc		4.200		06/15/22		312,324
	200,000	PPL Capital Funding, Inc		3.500		12/01/22		201,573
	400,000	PPL Capital Funding, Inc		3.400		06/01/23		398,726
	100,000	PPL Capital Funding, Inc		3.950		03/15/24		102,361
	200,000	PPL Electric Utilities Corp		2.500		09/01/22		195,633
	300,000	PPL Electric Utilities Corp		4.750		07/15/43		323,387
	200,000	PPL Electric Utilities Corp		4.125		06/15/44		196,950
	275,000	PPL Electric Utilities Corp		4.150		10/01/45		271,508
	100,000	PPL Energy Supply LLC		4.600		12/15/21		61,469
	300,000	Progress Energy, Inc		3.150		04/01/22		294,610
	900,000	Progress Energy, Inc		7.750		03/01/31		1,159,328
	200,000	PSEG Power LLC		5.320		09/15/16		205,485
	100,000	PSEG Power LLC		2.450		11/15/18		100,614
	150,000	Public Service Co of Colorado		2.250		09/15/22		144,611
	200,000	Public Service Co of Colorado		2.500		03/15/23		194,870
	300,000	Public Service Co of Colorado		2.900		05/15/25		295,069
	150,000	Public Service Co of Colorado		3.600		09/15/42		136,736
	100,000	Public Service Co of Colorado		4.300		03/15/44		101,924
	300,000	Public Service Co of New Hampshire		3.500		11/01/23		307,519
	200,000	Public Service Co of New Mexico		3.850		08/01/25		197,985
	520,000	Public Service Co of Oklahoma		5.150		12/01/19		568,703
	100,000	Public Service Co of Oklahoma		4.400		02/01/21		105,746
	150,000	Public Service Co of Oklahoma		6.625		11/15/37		180,501
	220,000	Public Service Electric & Gas Co		5.300		05/01/18		237,755
	200,000	Public Service Electric & Gas Co		2.300		09/15/18		202,231

104

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	500,000	Public Service Electric & Gas Co		1.800	%	06/01/19	$	494,862
	200,000	Public Service Electric & Gas Co		2.000		08/15/19		198,699
	200,000	Public Service Electric & Gas Co		3.750		03/15/24		209,156
	200,000	Public Service Electric & Gas Co		3.150		08/15/24		200,508
	410,000	Public Service Electric & Gas Co		5.375		11/01/39		473,085
	200,000	Public Service Electric & Gas Co		3.950		05/01/42		193,028
	100,000	Public Service Electric & Gas Co		3.650		09/01/42		92,301
	200,000	Public Service Electric & Gas Co		3.800		01/01/43		188,317
	200,000	Public Service Electric & Gas Co		4.000		06/01/44		194,638
	200,000	Public Service Electric & Gas Co		4.050		05/01/45		195,856
	200,000	Public Service Electric & Gas Co		4.150		11/01/45		197,964
	300,000	Puget Energy, Inc		3.650		05/15/25		290,825
	250,000	Puget Sound Energy, Inc		5.757		10/01/39		303,734
	700,000	Puget Sound Energy, Inc		4.434		11/15/41		721,127
	200,000	Puget Sound Energy, Inc		4.300		05/20/45		202,511
	150,000	San Diego Gas & Electric Co		3.000		08/15/21		153,202
	400,000	San Diego Gas & Electric Co		3.600		09/01/23		416,628
	305,000	San Diego Gas & Electric Co		5.350		05/15/40		356,477
	100,000	San Diego Gas & Electric Co		3.950		11/15/41		96,342
	300,000	SCANA Corp		4.750		05/15/21		311,036
	100,000	SCANA Corp		4.125		02/01/22		98,027
	250,000	Scottish Power Ltd		5.810		03/15/25		283,599
	605,000	Sempra Energy		2.300		04/01/17		608,508
	200,000	Sempra Energy		2.850		11/15/20		199,403
	150,000	Sempra Energy		2.875		10/01/22		145,212
	500,000	Sempra Energy		4.050		12/01/23		515,095
	200,000	Sempra Energy		3.550		06/15/24		198,914
	200,000	Sempra Energy		3.750		11/15/25		199,630
	260,000	Sempra Energy		6.000		10/15/39		291,548
	125,000	Sierra Pacific Power Co		3.375		08/15/23		126,490
	50,000	South Carolina Electric & Gas Co		5.300		05/15/33		54,448
	125,000	South Carolina Electric & Gas Co		5.450		02/01/41		137,554
	250,000	South Carolina Electric & Gas Co		4.350		02/01/42		239,561
	300,000	South Carolina Electric & Gas Co		4.600		06/15/43		301,132
	200,000	South Carolina Electric & Gas Co		4.500		06/01/64		186,210
	451,835	Southaven Combined Cycle Generation LLC		3.846		08/15/33		469,910
	200,000	Southern California Edison Co		1.125		05/01/17		198,704
	250,000	Southern California Edison Co		5.500		08/15/18		272,408
	280,000	Southern California Edison Co		3.875		06/01/21		296,328
	500,000	Southern California Edison Co		2.400		02/01/22		490,330
	400,000	Southern California Edison Co		3.500		10/01/23		412,765
	185,000	Southern California Edison Co		6.050		03/15/39		229,024
	300,000	Southern California Edison Co		4.500		09/01/40		312,918
	500,000	Southern California Edison Co		3.900		12/01/41		474,754
	200,000	Southern California Edison Co		4.050		03/15/42		195,241
	500,000	Southern California Edison Co		3.900		03/15/43		476,626
	450,000	Southern California Edison Co		3.600		02/01/45		407,777
	200,000	Southern California Gas Co		1.550		06/15/18		199,295
	200,000	Southern California Gas Co		3.150		09/15/24		199,317
	200,000	Southern California Gas Co		3.200		06/15/25		200,073
	150,000	Southern California Gas Co		3.750		09/15/42		139,731
	200,000	Southern California Gas Co		4.450		03/15/44		207,590

105

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	300,000		Southern Co		2.750	%	06/15/20	$	297,043
	108,000	g	Southern Natural Gas Co		5.900		04/01/17		109,824
	550,000		Southern Natural Gas Co		4.400		06/15/21		510,941
	100,000		Southern Natural Gas Co		8.000		03/01/32		98,188
	100,000		Southern Power Co		1.850		12/01/17		99,954
	500,000		Southern Power Co		2.375		06/01/20		486,166
	200,000		Southern Power Co		4.150		12/01/25		199,761
	250,000		Southwest Gas Corp		3.875		04/01/22		254,706
	250,000		Southwestern Electric Power Co		5.550		01/15/17		258,389
	400,000		Southwestern Electric Power Co		6.200		03/15/40		471,126
	600,000		Southwestern Public Service Co		4.500		08/15/41		620,231
	60,000		Spectra Energy Capital LLC		6.200		04/15/18		63,510
	600,000		Spectra Energy Capital LLC		3.300		03/15/23		513,563
	200,000		Spectra Energy Partners LP		2.950		09/25/18		196,536
	200,000		Spectra Energy Partners LP		4.750		03/15/24		193,826
	400,000		Spectra Energy Partners LP		3.500		03/15/25		350,111
	200,000		Spectra Energy Partners LP		5.950		09/25/43		190,837
	200,000		Spectra Energy Partners LP		4.500		03/15/45		153,655
	150,000		System Energy Resources, Inc		4.100		04/01/23		153,069
	200,000		Tampa Electric Co		5.400		05/15/21		223,894
	100,000		Tampa Electric Co		2.600		09/15/22		96,280
	100,000		Tampa Electric Co		4.100		06/15/42		94,849
	175,000		Tampa Electric Co		4.350		05/15/44		171,435
	200,000		Tampa Electric Co		4.200		05/15/45		193,352
	300,000		TC PipeLines LP		4.375		03/13/25		263,502
	200,000		TECO Finance, Inc		5.150		03/15/20		214,801
	200,000		Tennessee Gas Pipeline Co		7.000		10/15/28		192,665
	12,000		Toledo Edison Co		7.250		05/01/20		13,772
	300,000		Toledo Edison Co		6.150		05/15/37		337,460
	300,000		Total Capital S.A.		2.125		08/10/18		300,893
	200,000		Total Capital S.A.		4.450		06/24/20		215,348
	100,000		Total Capital S.A.		4.125		01/28/21		107,837
	200,000		TransAlta Corp		1.900		06/03/17		194,246
	350,000		TransAlta Corp		6.900		05/15/18		356,270
	300,000		TransAlta Corp		4.500		11/15/22		260,781
	125,000		Transcontinental Gas Pipe Line Co LLC		4.450		08/01/42		83,643
	100,000		Tri-State Generation & Transmission Association, Inc		3.700		11/01/24		98,835
	200,000		Tucson Electric Power Co		3.050		03/15/25		189,513
	300,000		Union Electric Co		3.500		04/15/24		309,064
	100,000		Union Electric Co		8.450		03/15/39		154,912
	100,000		Union Electric Co		3.900		09/15/42		95,140
	100,000		United Utilities plc		6.875		08/15/28		114,589
	200,000		Virginia Electric and Power Co		1.200		01/15/18		198,006
	309,000		Virginia Electric and Power Co		2.750		03/15/23		304,541
	500,000		Virginia Electric and Power Co		3.450		02/15/24		509,987
	200,000		Virginia Electric and Power Co		3.100		05/15/25		198,174
	350,000		Virginia Electric and Power Co		6.000		05/15/37		428,641
	160,000		Virginia Electric and Power Co		4.000		01/15/43		153,126
	250,000		Virginia Electric and Power Co		4.650		08/15/43		264,315
	400,000		Virginia Electric and Power Co		4.450		02/15/44		411,346
	200,000		Virginia Electric and Power Co		4.200		05/15/45		198,426
	200,000		Washington Prime Group LP		3.850		04/01/20		201,737

106

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	125,000	WEC Energy Group, Inc		1.650	%	06/15/18	$	123,929
	200,000	WEC Energy Group, Inc		2.450		06/15/20		199,047
	100,000	WEC Energy Group, Inc		3.550		06/15/25		100,579
	200,000	Westar Energy, Inc		3.250		12/01/25		200,748
	500,000	Westar Energy, Inc		4.125		03/01/42		490,791
	175,000	Westar Energy, Inc		4.100		04/01/43		169,825
	450,000	Western Gas Partners LP		4.000		07/01/22		398,171
	200,000	Western Gas Partners LP		3.950		06/01/25		167,991
	100,000	Western Gas Partners LP		5.450		04/01/44		79,398
	225,000	Western Massachusetts Electric Co		3.500		09/15/21		234,521
	35,000	Williams Cos, Inc		7.875		09/01/21		31,513
	475,000	Williams Cos, Inc		3.700		01/15/23		328,111
	350,000	Williams Cos, Inc		4.550		06/24/24		243,220
	300,000	Williams Cos, Inc		7.750		06/15/31		212,373
	350,000	Williams Cos, Inc		5.750		06/24/44		207,828
	70,000	Williams Partners LP		7.250		02/01/17		71,380
	530,000	Williams Partners LP		5.250		03/15/20		492,281
	600,000	Williams Partners LP		4.000		11/15/21		500,697
	750,000	Williams Partners LP		3.600		03/15/22		590,126
	200,000	Williams Partners LP		3.350		08/15/22		151,902
	300,000	Williams Partners LP		4.500		11/15/23		242,995
	300,000	Williams Partners LP		4.300		03/04/24		237,841
	500,000	Williams Partners LP		3.900		01/15/25		375,914
	750,000	Williams Partners LP		4.000		09/15/25		561,622
	300,000	Williams Partners LP		5.800		11/15/43		209,696
	300,000	Williams Partners LP		5.400		03/04/44		200,988
	500,000	Williams Partners LP		4.900		01/15/45		318,277
	300,000	Wisconsin Electric Power Co		1.700		06/15/18		298,698
	200,000	Wisconsin Electric Power Co		3.100		06/01/25		200,610
	200,000	Wisconsin Electric Power Co		5.625		05/15/33		234,077
	200,000	Wisconsin Electric Power Co		3.650		12/15/42		183,183
	125,000	Wisconsin Electric Power Co		4.300		12/15/45		127,821
	200,000	Wisconsin Power & Light Co		2.250		11/15/22		191,788
	100,000	Wisconsin Power & Light Co		4.100		10/15/44		97,368
	200,000	Wisconsin Public Service Corp		1.650		12/04/18		198,768
	200,000	Wisconsin Public Service Corp		4.752		11/01/44		216,876
	200,000	Xcel Energy, Inc		0.750		05/09/16		199,820
	400,000	Xcel Energy, Inc		1.200		06/01/17		397,986
	100,000	Xcel Energy, Inc		4.700		05/15/20		107,510
	100,000	Xcel Energy, Inc		4.800		09/15/41		100,463
		TOTAL UTILITIES						136,301,200
		TOTAL CORPORATE BONDS						1,505,208,912
		(Cost $1,525,399,008)
GOVERNMENT BONDS -  72.9%
AGENCY SECURITIES - 2.6%
	1,600,000	Federal Farm Credit Bank (FFCB)		1.050		03/28/16		1,602,416
	1,000,000	Federal Home Loan Bank (FHLB)		5.375		05/18/16		1,017,891
	5,095,000	FHLB		4.750		12/16/16		5,283,816
	500,000	FHLB		4.875		05/17/17		526,127

107

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000		FHLB		0.750	%	09/08/17	$	993,688
	2,745,000		FHLB		5.000		11/17/17		2,941,630
	2,000,000		FHLB		1.000		12/19/17		1,995,088
	6,000,000		FHLB		1.625		06/14/19		6,019,314
	10,000,000		FHLB		1.875		03/13/20		10,029,100
	132,000		Federal Home Loan Mortgage Corp (FHLMC)		4.750		01/19/16		132,247
	6,213,000		FHLMC		5.250		04/18/16		6,299,603
	127,000		FHLMC		5.500		07/18/16		130,276
	16,736,000		FHLMC		5.125		10/18/16		17,304,706
	20,000,000		FHLMC		0.875		03/07/18		19,861,260
	4,500,000		FHLMC		1.250		08/01/19		4,450,639
	7,500,000		FHLMC		2.375		01/13/22		7,604,220
	5,000,000		Federal National Mortgage Association (FNMA)		2.250		03/15/16		5,017,865
	10,215,000		FNMA		5.000		03/15/16		10,310,183
	150,000		FNMA		5.000		05/11/17		158,077
	4,340,000		FNMA		5.375		06/12/17		4,609,657
	2,000,000		FNMA		1.125		07/20/18		1,992,074
	8,000,000		FNMA		1.625		11/27/18		8,058,976
	11,000,000	j	FNMA		0.000		10/09/19		10,189,421
	2,000,000		FNMA		1.500		11/30/20		1,965,334
	2,310,000	i	FNMA		2.301		09/25/22		2,302,069
	6,000,000		FNMA		2.625		09/06/24		6,067,458
	5,000,000		FNMA		6.625		11/15/30		7,084,185
	1,000,000		FNMA		5.625		07/15/37		1,327,097
	815,000		Financing Corp		9.400		02/08/18		953,049
	825,000		Financing Corp		9.800		04/06/18		981,783
	815,000		Financing Corp		10.350		08/03/18		1,000,338
	500,000		Hashemite Kingdom of Jordan Government AID Bond		2.503		10/30/20		512,667
	300,000		Hashemite Kingdom of Jordan Government AID Bond		3.000		06/30/25		308,618
	800,000		Israel Government AID Bond		5.500		09/18/23		958,736
	300,000		Israel Government AID Bond		5.500		04/26/24		362,972
	450,000		Private Export Funding Corp (PEFCO)		1.375		02/15/17		450,913
	590,000		PEFCO		2.250		12/15/17		599,788
	175,000		PEFCO		1.450		08/15/19		171,551
	550,000		PEFCO		2.250		03/15/20		554,135
	200,000		PEFCO		2.300		09/15/20		201,291
	400,000		PEFCO		2.050		11/15/22		384,081
	200,000		PEFCO		3.250		06/15/25		205,368
	250,000		Ukraine Government AID Bonds		1.844		05/16/19		249,345
	500,000		Ukraine Government AID Bonds		1.847		05/29/20		497,942
	1,900,000		Hashemite Kingdom of Jordan Government AID Bond		1.945		06/23/19		1,910,100
			TOTAL AGENCY SECURITIES						155,577,094
FOREIGN GOVERNMENT BONDS - 4.1%
	250,000		African Development Bank		1.250		09/02/16		250,721
	1,200,000		African Development Bank		1.125		03/15/17		1,200,898
	500,000		African Development Bank		0.875		05/15/17		498,825
	500,000		African Development Bank		0.750		11/03/17		495,974
	900,000		African Development Bank		1.625		10/02/18		904,146
	500,000		African Development Bank		1.375		02/12/20		491,978
	450,000		African Development Bank		2.375		09/23/21		457,090
	400,000		Agricultural Bank of China		2.000		05/21/18		398,189

108

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	400,000	Agricultural Bank of China		2.750	%	05/21/20	$	399,346
	1,750,000	Asian Development Bank		2.500		03/15/16		1,756,300
	2,000,000	Asian Development Bank		1.125		03/15/17		2,002,838
	1,500,000	Asian Development Bank		1.125		06/05/18		1,491,349
	1,000,000	Asian Development Bank		1.875		04/12/19		1,009,121
	500,000	Asian Development Bank		1.500		01/22/20		494,580
	1,500,000	Asian Development Bank		1.375		03/23/20		1,473,435
	1,000,000	Asian Development Bank		1.625		08/26/20		989,078
	1,000,000	Asian Development Bank		2.125		11/24/21		1,000,659
	600,000	Asian Development Bank		1.875		02/18/22		591,527
	500,000	Asian Development Bank		2.000		01/22/25		483,454
	75,000	Asian Development Bank		5.820		06/16/28		96,060
	850,000	Canada Government International Bond		0.875		02/14/17		849,364
	1,000,000	Canada Government International Bond		1.125		03/19/18		997,064
	1,000,000	Canada Government International Bond		1.625		02/27/19		1,001,204
	300,000	Chile Government International Bond		2.250		10/30/22		289,125
	880,000	Chile Government International Bond		3.125		03/27/25		881,320
	300,000	Chile Government International Bond		3.625		10/30/42		261,000
	450,000	Colombia Government International Bond		7.375		03/18/19		504,675
	900,000	Colombia Government International Bond		4.375		07/12/21		904,500
	600,000	Colombia Government International Bond		2.625		03/15/23		527,100
	1,250,000	Colombia Government International Bond		4.000		02/26/24		1,190,625
	1,250,000	Colombia Government International Bond		6.125		01/18/41		1,206,250
	1,150,000	Colombia Government International Bond		5.625		02/26/44		1,049,375
	1,200,000	Colombia Government International Bond		5.000		06/15/45		1,002,000
	500,000	Corp Andina de Fomento		3.750		01/15/16		500,355
	500,000	Corp Andina de Fomento		1.500		08/08/17		497,422
	527,000	Corp Andina de Fomento		4.375		06/15/22		561,044
	1,000,000	Council of Europe Development Bank		2.625		02/16/16		1,002,242
	500,000	Council of Europe Development Bank		1.500		06/19/17		502,775
	500,000	Council of Europe Development Bank		1.000		03/07/18		496,713
	500,000	Council of Europe Development Bank		1.125		05/31/18		497,176
	300,000	Development Bank of Japan		5.125		02/01/17		312,544
	1,500,000	European Bank for Reconstruction & Development		2.500		03/15/16		1,506,118
	1,000,000	European Bank for Reconstruction & Development		1.375		10/20/16		1,006,847
	500,000	European Bank for Reconstruction & Development		0.750		09/01/17		497,205
	500,000	European Bank for Reconstruction & Development		1.750		06/14/19		502,596
	500,000	European Bank for Reconstruction & Development		1.750		11/26/19		500,700
	1,300,000	European Bank for Reconstruction & Development		1.500		03/16/20		1,287,849
	500,000	European Bank for Reconstruction & Development		1.875		02/23/22		491,955
	4,000,000	European Investment Bank		2.250		03/15/16		4,013,060
	1,000,000	European Investment Bank		0.625		04/15/16		999,784
	2,200,000	European Investment Bank		1.750		03/15/17		2,218,513
	2,500,000	European Investment Bank		0.875		04/18/17		2,494,595
	700,000	European Investment Bank		1.000		08/17/17		698,090
	750,000	European Investment Bank		1.000		03/15/18		743,855
	500,000	European Investment Bank		1.000		06/15/18		495,169
	2,000,000	European Investment Bank		1.125		08/15/18		1,982,808
	1,000,000	European Investment Bank		1.875		03/15/19		1,007,671
	1,500,000	European Investment Bank		1.375		06/15/20		1,465,032
	1,000,000	European Investment Bank		2.875		09/15/20		1,040,393
	500,000	European Investment Bank		1.625		12/15/20		490,836

109

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	500,000	European Investment Bank		2.500	%	04/15/21	$	510,306
	2,500,000	European Investment Bank		2.125		10/15/21		2,493,065
	500,000	European Investment Bank		2.250		08/15/22		499,618
	2,000,000	European Investment Bank		3.250		01/29/24		2,127,540
	1,500,000	European Investment Bank		2.500		10/15/24		1,509,952
	1,705,000	European Investment Bank		4.875		02/15/36		2,120,266
	250,000	Export Development Canada		1.250		10/26/16		250,681
	500,000	Export Development Canada		0.625		12/15/16		498,686
	1,300,000	Export Development Canada		0.750		12/15/17		1,288,982
	500,000	Export Development Canada		1.000		06/15/18		496,120
	125,000	Export Development Canada		1.250		12/10/18		124,220
	500,000	Export Development Canada		1.750		08/19/19		502,035
	500,000	Export Development Canada		1.750		07/21/20		498,224
	400,000	Export-Import Bank of Korea		3.750		10/20/16		406,492
	200,000	Export-Import Bank of Korea		1.750		02/27/18		198,004
	400,000	Export-Import Bank of Korea		2.875		09/17/18		406,149
	775,000	Export-Import Bank of Korea		5.125		06/29/20		855,464
	250,000	Export-Import Bank of Korea		2.500		05/10/21		246,977
	300,000	Export-Import Bank of Korea		5.000		04/11/22		335,675
	500,000	Export-Import Bank of Korea		4.000		01/14/24		527,624
	750,000	Export-Import Bank of Korea		2.875		01/21/25		730,517
	250,000	Export-Import Bank of Korea		3.250		11/10/25		250,958
	500,000	Export-Import Bank of Korea		3.250		08/12/26		495,369
	100,000	Finland Government International Bond		6.950		02/15/26		133,245
	300,000	FMS Wertmanagement AoeR		0.625		04/18/16		299,850
	2,750,000	FMS Wertmanagement AoeR		1.000		11/21/17		2,734,319
	1,000,000	FMS Wertmanagement AoeR		1.250		07/30/18		995,287
	1,800,000	Hydro Quebec		1.375		06/19/17		1,803,872
	270,000	Hydro Quebec		9.400		02/01/21		353,426
	200,000	Hydro Quebec		8.500		12/01/29		300,075
	1,500,000	Inter-American Development Bank		1.000		07/14/17		1,497,729
	500,000	Inter-American Development Bank		1.250		01/16/18		500,919
	3,000,000	Inter-American Development Bank		1.750		08/24/18		3,028,362
	2,000,000	Inter-American Development Bank		1.125		08/28/18		1,981,606
	750,000	Inter-American Development Bank		1.500		09/25/18		752,560
	1,105,000	Inter-American Development Bank		3.875		09/17/19		1,190,270
	1,000,000	Inter-American Development Bank		1.750		10/15/19		1,003,614
	2,750,000	Inter-American Development Bank		1.375		07/15/20		2,702,279
	500,000	Inter-American Development Bank		2.125		01/15/25		486,932
	700,000	Inter-American Development Bank		3.200		08/07/42		674,227
	300,000	Inter-American Development Bank		4.375		01/24/44		351,714
	2,100,000	International Bank for Reconstruction & Development		2.125		03/15/16		2,106,096
	950,000	International Bank for Reconstruction & Development		1.000		09/15/16		952,595
	5,000,000	International Bank for Reconstruction & Development		1.000		06/15/18		4,958,845
	1,000,000	International Bank for Reconstruction & Development		1.000		10/05/18		988,859
	1,500,000	International Bank for Reconstruction & Development		1.875		03/15/19		1,516,622
	1,000,000	International Bank for Reconstruction & Development		1.875		10/07/19		1,008,178
	1,500,000	International Bank for Reconstruction & Development		2.125		11/01/20		1,513,367
	400,000	International Bank for Reconstruction & Development		7.625		01/19/23		536,621
	500,000	International Bank for Reconstruction & Development		2.125		02/13/23		499,183
	1,600,000	International Bank for Reconstruction & Development		2.500		11/25/24		1,613,622
	1,000,000	International Bank for Reconstruction & Development		2.500		07/29/25		1,005,874

110

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	834,000	International Bank for Reconstruction & Development		4.750	%	02/15/35	$	1,018,552
	2,750,000	International Finance Corp		1.125		11/23/16		2,752,602
	500,000	International Finance Corp		1.250		07/16/18		498,282
	2,000,000	International Finance Corp		1.750		09/04/18		2,005,664
	175,000	International Finance Corp		1.250		11/27/18		173,101
	1,000,000	International Finance Corp		1.750		09/16/19		999,330
	750,000	International Finance Corp		1.625		07/16/20		743,585
	400,000	Israel Government International Bond		5.125		03/26/19		440,828
	705,000	Israel Government International Bond		4.000		06/30/22		756,475
	300,000	Israel Government International Bond		3.150		06/30/23		304,704
	300,000	Israel Government International Bond		4.500		01/30/43		300,750
	1,200,000	Italian Republic		5.250		09/20/16		1,232,530
	1,374,000	Italian Republic		5.375		06/15/33		1,567,951
	1,500,000	Italy Government International Bond		4.750		01/25/16		1,502,955
	430,000	Italy Government International Bond		5.375		06/12/17		452,059
	500,000	Italy Government International Bond		6.875		09/27/23		614,355
	1,900,000	Japan Bank for International Cooperation		1.125		07/19/17		1,888,161
	1,050,000	Japan Bank for International Cooperation		1.750		07/31/18		1,047,669
	1,050,000	Japan Bank for International Cooperation		3.375		07/31/23		1,104,563
	500,000	Japan Bank for International Cooperation		2.125		02/10/25		472,453
	600,000	Japan Finance Corp		2.250		07/13/16		604,249
	900,000	Japan Finance Organization for Municipalities		5.000		05/16/17		943,261
	4,500,000	KFW		1.250		02/15/17		4,506,935
	1,000,000	KFW		0.875		12/15/17		993,417
	2,000,000	KFW		1.000		06/11/18		1,981,958
	1,105,000	KFW		4.500		07/16/18		1,187,900
	2,000,000	KFW		1.125		08/06/18		1,984,030
	500,000	KFW		1.750		10/15/19		500,925
	6,925,000	KFW		4.000		01/27/20		7,500,828
	1,500,000	KFW		1.875		06/30/20		1,498,463
	1,000,000	KFW		2.750		10/01/20		1,035,771
	1,500,000	KFW		1.875		11/30/20		1,493,244
	1,600,000	KFW		2.625		01/25/22		1,642,125
	2,750,000	KFW		2.000		10/04/22		2,705,648
	2,000,000	KFW		2.500		11/20/24		2,009,172
	3,000,000	KFW		2.000		05/02/25		2,884,659
	235,000	Korea Development Bank		3.250		03/09/16		235,929
	400,000	Korea Development Bank		3.500		08/22/17		410,196
	300,000	Korea Development Bank		1.500		01/22/18		297,225
	400,000	Korea Development Bank		3.000		03/17/19		408,779
	500,000	Korea Development Bank		2.500		03/11/20		502,097
	200,000	Korea Development Bank		3.000		09/14/22		201,376
	500,000	Korea Development Bank		3.750		01/22/24		521,712
	200,000	Korea Development Bank		3.375		09/16/25		203,633
	2,025,000	Landwirtschaftliche Rentenbank		5.125		02/01/17		2,113,146
	500,000	Landwirtschaftliche Rentenbank		1.750		04/15/19		502,378
	1,000,000	Landwirtschaftliche Rentenbank		1.375		10/23/19		985,951
	500,000	Landwirtschaftliche Rentenbank		2.000		01/13/25		481,530
	750,000	Landwirtschaftliche Rentenbank		2.375		06/10/25		742,080
	1,000,000	Mexico Government International Bond		3.500		01/21/21		1,015,000
	1,588,000	Mexico Government International Bond		3.625		03/15/22		1,597,528
	4,098,000	Mexico Government International Bond		4.000		10/02/23		4,151,274

111

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	2,000,000	Mexico Government International Bond		3.600	%	01/30/25	$	1,949,000
	461,000	Mexico Government International Bond		6.750		09/27/34		553,200
	730,000	Mexico Government International Bond		6.050		01/11/40		799,350
	1,474,000	Mexico Government International Bond		4.750		03/08/44		1,342,814
	1,678,000	Mexico Government International Bond		5.550		01/21/45		1,719,950
	505,000	Mexico Government International Bond		4.600		01/23/46		446,925
	150,000	Mexico Government International Bond		5.750		10/12/10		139,875
	500,000	Nordic Investment Bank		2.250		03/15/16		501,558
	1,500,000	Nordic Investment Bank		0.750		01/17/18		1,486,211
	500,000	Nordic Investment Bank		2.250		09/30/21		504,711
	2,300,000	North American Development Bank		2.400		10/26/22		2,275,484
	1,100,000	Panama Government International Bond		5.200		01/30/20		1,193,500
	250,000	Panama Government International Bond		4.000		09/22/24		250,000
	1,000,000	Panama Government International Bond		3.750		03/16/25		980,000
	300,000	Panama Government International Bond		7.125		01/29/26		373,500
	692,000	Panama Government International Bond		6.700		01/26/36		821,750
	400,000	Panama Government International Bond		4.300		04/29/53		340,500
	520,000	Peruvian Government International Bond		7.125		03/30/19		592,020
	925,000	Peruvian Government International Bond		7.350		07/21/25		1,159,719
	600,000	Peruvian Government International Bond		4.125		08/25/27		588,000
	1,100,000	Peruvian Government International Bond		6.550		03/14/37		1,270,500
	700,000	Peruvian Government International Bond		5.625		11/18/50		714,000
	225,000	Philippine Government International Bond		4.200		01/21/24		243,717
	2,750,000	Philippine Government International Bond		5.000		01/13/37		3,205,909
	4,083,000	Philippine Government International Bond		3.950		01/20/40		4,130,510
	1,985,000	Poland Government International Bond		6.375		07/15/19		2,267,863
	67,000	Poland Government International Bond		5.125		04/21/21		74,590
	390,000	Poland Government International Bond		5.000		03/23/22		432,413
	490,000	Poland Government International Bond		3.000		03/17/23		485,100
	1,000,000	Poland Government International Bond		4.000		01/22/24		1,052,000
	400,000	Province of British Columbia Canada		1.200		04/25/17		400,445
	200,000	Province of British Columbia Canada		2.650		09/22/21		204,105
	1,800,000	Province of British Columbia Canada		2.000		10/23/22		1,748,655
	500,000	Province of Manitoba Canada		4.900		12/06/16		517,345
	500,000	Province of Manitoba Canada		1.125		06/01/18		494,389
	500,000	Province of Manitoba Canada		1.750		05/30/19		497,214
	500,000	Province of Manitoba Canada		2.050		11/30/20		497,776
	300,000	Province of Manitoba Canada		3.050		05/14/24		305,254
	200,000	Province of New Brunswick Canada		5.200		02/21/17		208,907
	200,000	Province of New Brunswick Canada		2.750		06/15/18		205,303
	50,000	Province of Nova Scotia Canada		5.125		01/26/17		52,031
	200,000	Province of Nova Scotia Canada		8.250		07/30/22		262,642
	1,300,000	Province of Ontario Canada		1.100		10/25/17		1,293,872
	1,000,000	Province of Ontario Canada		2.000		01/30/19		1,004,878
	1,000,000	Province of Ontario Canada		1.650		09/27/19		987,779
	230,000	Province of Ontario Canada		4.400		04/14/20		251,474
	800,000	Province of Ontario Canada		2.450		06/29/22		792,943
	1,500,000	Province of Ontario Canada		3.200		05/16/24		1,549,913
	385,000	Province of Quebec Canada		5.125		11/14/16		398,294
	1,135,000	Province of Quebec Canada		4.625		05/14/18		1,216,386
	1,120,000	Province of Quebec Canada		3.500		07/29/20		1,184,677
	1,100,000	Province of Quebec Canada		2.625		02/13/23		1,090,702

112

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	200,000		Province of Quebec Canada		7.125	%	02/09/24	$	256,795
	500,000		Province of Quebec Canada		2.875		10/16/24		502,738
	201,000		Province of Quebec Canada		7.500		09/15/29		289,280
	100,000		Province of Saskatchewan Canada		8.500		07/15/22		134,447
	700,000		Republic of Korea		7.125		04/16/19		810,250
	500,000		Republic of Korea		3.875		09/11/23		538,850
	400,000		Republic of Korea		4.125		06/10/44		450,880
	800,000		Republic of Turkey		7.500		07/14/17		855,760
	1,010,000		South Africa Government International Bond		6.875		05/27/19		1,079,246
	225,000		South Africa Government International Bond		5.500		03/09/20		230,928
	500,000		South Africa Government International Bond		4.665		01/17/24		475,625
	300,000		South Africa Government International Bond		5.875		09/16/25		306,663
	300,000		South Africa Government International Bond		6.250		03/08/41		306,000
	525,000		South Africa Government International Bond		5.375		07/24/44		472,500
	625,000		Svensk Exportkredit AB		5.125		03/01/17		653,903
	1,000,000		Svensk Exportkredit AB		1.750		05/30/17		1,007,933
	425,000		Svensk Exportkredit AB		1.125		04/05/18		421,707
	500,000		Svensk Exportkredit AB		1.875		06/17/19		500,999
	200,000		Svensk Exportkredit AB		1.875		06/23/20		199,076
	500,000		Svensk Exportkredit AB		1.750		08/28/20		491,298
	4,000,000		Turkey Government International Bond		6.750		04/03/18		4,304,000
	600,000		Turkey Government International Bond		6.250		09/26/22		651,360
	3,500,000		Turkey Government International Bond		3.250		03/23/23		3,206,196
	800,000		Turkey Government International Bond		5.750		03/22/24		845,216
	525,000		Turkey Government International Bond		4.250		04/14/26		492,215
	4,250,000		Turkey Government International Bond		4.875		04/16/43		3,740,000
	800,000		Turkey Government International Bond		6.625		02/17/45		896,480
	200,343		Uruguay Government International Bond		4.500		08/14/24		203,348
	700,000		Uruguay Government International Bond		4.375		10/27/27		687,750
	500,000		Uruguay Government International Bond		4.125		11/20/45		387,500
	1,313,907		Uruguay Government International Bond		5.100		06/18/50		1,133,245
			TOTAL FOREIGN GOVERNMENT BONDS						251,136,418
MORTGAGE BACKED - 28.6%
	46,462	i	Federal Home Loan Mortgage Corp (FHLMC)		2.481		04/01/35		48,801
	6,778	i	FHLMC		2.405		10/01/35		7,178
	123,659	i	FHLMC		2.482		02/01/36		131,523
	66,214	i	FHLMC		2.528		07/01/36		70,503
	205,601	i	FHLMC		2.313		09/01/36		216,621
	184,586	i	FHLMC		2.489		09/01/36		195,037
	113,437	i	FHLMC		2.538		09/01/36		119,622
	38,963	i	FHLMC		5.905		01/01/37		41,213
	15,179	i	FHLMC		2.396		02/01/37		16,183
	8,260	i	FHLMC		2.470		02/01/37		8,748
	312,361	i	FHLMC		2.469		03/01/37		331,334
	13,641	i	FHLMC		5.740		03/01/37		13,498
	210,808	i	FHLMC		5.713		04/01/37		222,275
	160,253	i	FHLMC		5.991		04/01/37		169,485
	30,152	i	FHLMC		1.950		05/01/37		30,736
	41,805	i	FHLMC		2.730		05/01/37		44,595
	43,104	i	FHLMC		2.486		06/01/37		45,848
	146,384	i	FHLMC		2.509		06/01/37		154,565

113

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	186,778	i	FHLMC		2.557	%	08/01/37	$	192,702
	117,961	i	FHLMC		1.647		09/01/37		122,361
	237,250	i	FHLMC		1.749		09/01/37		247,364
	823	i	FHLMC		5.949		09/01/37		833
	18,335	i	FHLMC		5.610		02/01/38		19,408
	67,922	i	FHLMC		2.381		04/01/38		70,567
	140,372	i	FHLMC		2.680		04/01/38		148,725
	33,787	i	FHLMC		2.661		06/01/38		35,838
	15,594	i	FHLMC		2.375		07/01/38		16,542
	55,899		FHLMC		5.000		10/01/39		61,336
	24,389	i	FHLMC		2.611		06/01/40		25,783
	258,688	i	FHLMC		3.383		07/01/40		271,602
	216,942	i	FHLMC		2.944		01/01/41		226,207
	27,134	i	FHLMC		2.543		05/01/41		28,602
	638,911	i	FHLMC		2.793		08/01/41		678,504
	337,115	i	FHLMC		2.971		09/01/41		355,666
	76,895	i	FHLMC		3.100		10/01/41		80,136
	123		Federal Home Loan Mortgage Corp Gold (FGLMC)		7.500		01/01/16		122
	2		FGLMC		7.500		05/01/16		2
	2		FGLMC		7.500		06/01/16		2
	3,922		FGLMC		5.500		05/01/17		3,988
	8,207		FGLMC		5.500		06/01/17		8,389
	7,243		FGLMC		5.000		12/01/17		7,491
	3,984		FGLMC		5.500		12/01/17		4,083
	8,618		FGLMC		5.000		03/01/18		8,912
	29,225		FGLMC		5.000		04/01/18		30,224
	30,183		FGLMC		4.500		06/01/18		31,163
	73,702		FGLMC		4.500		09/01/18		76,095
	60,134		FGLMC		4.000		11/01/18		62,581
	108,540		FGLMC		4.500		01/01/19		112,338
	11,604		FGLMC		4.000		05/01/19		12,077
	91,520		FGLMC		4.500		05/01/19		94,720
	214,129		FGLMC		4.500		06/01/19		221,620
	84,456		FGLMC		4.000		10/01/19		87,893
	25,835		FGLMC		5.500		11/01/19		27,278
	226,370		FGLMC		4.500		12/01/19		234,646
	32,385		FGLMC		4.500		01/01/20		33,642
	14,769		FGLMC		4.500		02/01/20		15,377
	627,357		FGLMC		4.500		02/01/20		647,669
	139,838		FGLMC		5.000		05/01/20		144,617
	174,781		FGLMC		5.000		05/01/20		182,561
	14,723		FGLMC		4.500		07/01/20		15,413
	159,528		FGLMC		5.000		07/01/20		167,741
	3,218		FGLMC		7.000		10/01/20		3,401
	14,719		FGLMC		5.000		12/01/20		15,589
	545,867		FGLMC		4.000		05/01/21		568,081
	179,326		FGLMC		4.500		06/01/21		186,629
	316,791		FGLMC		4.500		06/01/21		328,754
	153,764		FGLMC		5.000		07/01/21		162,881
	22,601		FGLMC		5.500		07/01/21		24,242
	2,659,518		FGLMC		3.000		12/01/21		2,746,257
	14,838		FGLMC		5.000		10/01/22		15,920

114

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	12,556	FGLMC		6.000	%	11/01/22	$	13,597
	109,832	FGLMC		5.000		04/01/23		118,047
	7,181	FGLMC		4.500		05/01/23		7,696
	95,346	FGLMC		5.000		05/01/23		104,005
	24,319	FGLMC		5.000		10/01/23		26,178
	18,504	FGLMC		5.500		10/01/23		20,435
	20,991	FGLMC		5.000		11/01/23		22,904
	42,870	FGLMC		5.000		03/01/24		46,774
	10,591	FGLMC		4.500		04/01/24		11,341
	4,513	FGLMC		4.500		05/01/24		4,835
	32,119	FGLMC		4.500		06/01/24		34,491
	141,524	FGLMC		4.000		07/01/24		149,388
	292,067	FGLMC		4.000		07/01/24		308,457
	50,155	FGLMC		5.500		07/01/24		54,126
	305,382	FGLMC		4.000		08/01/24		322,309
	11,770	FGLMC		4.500		09/01/24		12,635
	45,267	FGLMC		4.500		09/01/24		48,444
	21,714	FGLMC		4.500		09/01/24		23,273
	11,165	FGLMC		5.500		09/01/24		12,335
	352,240	FGLMC		4.000		10/01/24		369,164
	11,031	FGLMC		4.500		10/01/24		11,826
	39,915	FGLMC		4.500		10/01/24		42,978
	8,416	FGLMC		4.500		11/01/24		8,780
	31,836	FGLMC		4.500		12/01/24		34,176
	22,720	FGLMC		4.500		02/01/25		24,389
	502,074	FGLMC		4.000		03/01/25		530,203
	13,748	FGLMC		4.500		06/01/25		14,764
	25,519	FGLMC		4.500		07/01/25		27,189
	521,443	FGLMC		3.500		10/01/25		546,475
	270,302	FGLMC		4.000		10/01/25		285,481
	558,229	FGLMC		3.500		11/01/25		585,030
	920,988	FGLMC		3.500		11/01/25		965,201
	253,613	FGLMC		3.500		12/01/25		265,798
	167,037	FGLMC		3.000		01/01/26		172,278
	1,828,686	FGLMC		3.500		01/01/26		1,916,552
	160,963	FGLMC		4.000		04/01/26		170,026
	323,706	FGLMC		4.000		05/01/26		341,891
	77,188	FGLMC		5.500		07/01/26		85,248
	1,049,870	FGLMC		4.000		08/01/26		1,108,936
	6,494	FGLMC		6.000		08/01/26		7,290
	301,731	FGLMC		3.000		09/01/26		311,424
	795,712	FGLMC		3.000		10/01/26		821,340
	1,057,037	FGLMC		3.500		10/01/26		1,107,769
	34,491	FGLMC		5.000		10/01/26		37,642
	9,541	FGLMC		5.500		10/01/26		10,534
	4,657,620	FGLMC		3.000		02/01/27		4,807,584
	2,597,222	FGLMC		2.500		05/01/27		2,640,171
	2,628,614	FGLMC		2.500		11/01/27		2,672,101
	115,822	FGLMC		6.000		12/01/27		130,029
	2,109,166	FGLMC		2.500		01/01/28		2,144,019
	5,383,375	FGLMC		2.500		03/01/28		5,472,470
	142,739	FGLMC		5.000		03/01/28		155,715

115

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	2,923,320	FGLMC		2.500	%	05/01/28	$	2,971,680
	15,514	FGLMC		5.500		05/01/28		17,133
	8,002,757	FGLMC		2.500		07/01/28		8,135,224
	7,530,941	FGLMC		2.500		07/01/28		7,655,533
	2,089,540	FGLMC		3.000		10/01/28		2,156,853
	115	FGLMC		6.500		10/01/28		131
	119,783	FGLMC		5.500		01/01/29		132,280
	3,076	FGLMC		6.500		01/01/29		3,502
	20,492	FGLMC		4.000		02/01/29		21,829
	4,238,993	FGLMC		3.500		03/01/29		4,432,915
	1,066	FGLMC		6.500		03/01/29		1,214
	104,308	FGLMC		4.500		04/01/29		112,313
	7,993,399	FGLMC		3.000		07/01/29		8,244,211
	14,721	FGLMC		6.500		07/01/29		16,765
	34,741	FGLMC		5.000		12/01/29		37,896
	18,934,854	FGLMC		2.500		05/01/30		19,121,675
	54,371	FGLMC		4.000		08/01/30		58,057
	300,081	FGLMC		4.500		01/01/31		325,447
	694	FGLMC		8.000		01/01/31		795
	366,508	FGLMC		4.000		03/01/31		391,615
	43,721	FGLMC		4.000		05/01/31		46,723
	342,436	FGLMC		4.500		05/01/31		371,945
	151,717	FGLMC		4.000		06/01/31		162,136
	448,771	FGLMC		4.000		08/01/31		479,539
	425,766	FGLMC		4.000		09/01/31		455,018
	5,887	FGLMC		6.500		09/01/31		6,858
	15,494	FGLMC		8.000		09/01/31		17,328
	208,302	FGLMC		3.500		11/01/31		217,745
	65,118	FGLMC		7.000		12/01/31		70,491
	29,805	FGLMC		6.500		01/01/32		33,942
	67,294	FGLMC		6.000		02/01/32		76,881
	3,070,404	FGLMC		3.000		03/01/32		3,146,504
	28,317	FGLMC		7.000		04/01/32		33,316
	22,916	FGLMC		6.500		05/01/32		26,097
	2,314,675	FGLMC		3.500		09/01/32		2,419,809
	20,626	FGLMC		5.500		11/01/32		22,884
	24,473	FGLMC		6.000		02/01/33		27,890
	95,848	FGLMC		5.000		03/01/33		106,025
	74,682	FGLMC		6.000		03/01/33		84,850
	80,504	FGLMC		6.000		03/01/33		91,501
	6,251	FGLMC		6.000		03/01/33		7,017
	49,103	FGLMC		5.000		04/01/33		54,043
	10,801	FGLMC		6.000		04/01/33		12,323
	746,976	FGLMC		5.000		06/01/33		826,179
	217,536	FGLMC		5.500		06/01/33		241,983
	3,983,186	FGLMC		3.500		07/01/33		4,163,779
	89,459	FGLMC		4.500		07/01/33		96,743
	124,945	FGLMC		5.000		08/01/33		136,377
	6,956	FGLMC		5.000		08/01/33		7,611
	28,156	FGLMC		6.500		08/01/33		33,060
	290,345	FGLMC		5.000		09/01/33		323,376
	48,230	FGLMC		5.500		09/01/33		53,441

116

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	120,894	FGLMC		5.500	%	09/01/33	$	135,663
	134,978	FGLMC		5.500		09/01/33		152,725
	114,014	FGLMC		5.500		09/01/33		128,470
	53,497	FGLMC		4.000		10/01/33		56,719
	19,709	FGLMC		5.000		10/01/33		21,800
	185,839	FGLMC		5.500		10/01/33		209,580
	160,134	FGLMC		5.500		12/01/33		177,890
	47,837	FGLMC		5.500		12/01/33		53,169
	557,763	FGLMC		7.000		12/01/33		657,342
	449,955	FGLMC		5.000		01/01/34		500,056
	11,177	FGLMC		5.500		02/01/34		12,446
	55,484	FGLMC		5.000		03/01/34		61,000
	66,808	FGLMC		5.500		03/01/34		74,356
	146,180	FGLMC		5.000		05/01/34		161,099
	73,603	FGLMC		4.500		06/01/34		79,584
	122,004	FGLMC		5.000		06/01/34		134,017
	53,569	FGLMC		5.500		06/01/34		59,548
	34,278	FGLMC		6.000		06/01/34		39,135
	104,149	FGLMC		6.000		09/01/34		119,019
	8,626,041	FGLMC		3.500		10/01/34		9,000,032
	13,929	FGLMC		5.000		11/01/34		15,412
	590,203	FGLMC		5.500		11/01/34		654,077
	433,061	FGLMC		5.000		12/01/34		473,091
	79,944	FGLMC		5.500		12/01/34		89,014
	30,056	FGLMC		5.500		12/01/34		33,676
	4,246	FGLMC		5.500		01/01/35		4,727
	8,225	FGLMC		5.500		01/01/35		9,151
	36,908	FGLMC		5.500		01/01/35		40,888
	205,572	FGLMC		4.500		04/01/35		221,960
	217,352	FGLMC		6.000		05/01/35		248,006
	27,791	FGLMC		6.000		05/01/35		31,676
	200,418	FGLMC		7.000		05/01/35		238,567
	26,896	FGLMC		5.500		06/01/35		29,908
	43,100	FGLMC		5.500		06/01/35		47,935
	772,818	FGLMC		5.000		07/01/35		851,473
	22,400	FGLMC		5.000		07/01/35		24,434
	38,478	FGLMC		6.000		07/01/35		43,228
	1,125,718	FGLMC		5.000		08/01/35		1,237,240
	43,925	FGLMC		5.500		08/01/35		48,542
	96,986	FGLMC		6.000		08/01/35		108,856
	16,116	FGLMC		4.500		09/01/35		17,426
	94,539	FGLMC		5.000		10/01/35		103,792
	22,615	FGLMC		5.000		10/01/35		24,780
	151,256	FGLMC		5.000		10/01/35		166,512
	553,815	FGLMC		5.500		10/01/35		615,962
	18,659	FGLMC		5.000		12/01/35		20,518
	94,090	FGLMC		5.000		12/01/35		103,336
	53,106	FGLMC		6.000		01/01/36		60,572
	14,508	FGLMC		5.000		02/01/36		15,932
	34,499	FGLMC		5.000		02/01/36		37,875
	17,365	FGLMC		6.000		02/01/36		19,627
	225,078	FGLMC		5.500		04/01/36		252,579

117

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	26,695	FGLMC		5.500	%	05/01/36	$	29,611
	751	FGLMC		6.500		05/01/36		855
	690,499	FGLMC		6.000		06/01/36		781,194
	145,972	FGLMC		5.000		07/01/36		160,321
	176,717	FGLMC		6.000		07/01/36		201,791
	23,070	FGLMC		6.000		08/01/36		26,076
	15,462	FGLMC		6.000		09/01/36		17,458
	480,586	FGLMC		5.500		10/01/36		532,475
	687,348	FGLMC		5.500		10/01/36		767,681
	75,062	FGLMC		6.500		10/01/36		85,481
	28,903	FGLMC		5.500		11/01/36		32,121
	70,824	FGLMC		6.000		11/01/36		80,535
	381,899	FGLMC		6.000		12/01/36		434,238
	519,510	FGLMC		5.500		03/01/37		576,970
	214,071	FGLMC		6.000		03/01/37		241,008
	30,555	FGLMC		6.500		03/01/37		34,796
	215,310	FGLMC		5.500		04/01/37		239,494
	24,736	FGLMC		5.000		05/01/37		26,986
	22,620	FGLMC		5.000		06/01/37		24,695
	98,517	FGLMC		5.500		06/01/37		109,547
	385,758	FGLMC		6.000		07/01/37		434,913
	131,961	FGLMC		6.000		08/01/37		148,850
	63,068	FGLMC		6.000		09/01/37		71,389
	646,392	FGLMC		5.500		10/01/37		720,201
	21,205	FGLMC		6.000		11/01/37		23,938
	183,854	FGLMC		6.500		11/01/37		218,334
	75,087	FGLMC		6.000		01/01/38		84,621
	33,106	FGLMC		6.000		02/01/38		37,286
	248,698	FGLMC		6.000		02/01/38		280,440
	335,267	FGLMC		5.000		03/01/38		366,368
	1,012,731	FGLMC		5.000		03/01/38		1,107,968
	39,360	FGLMC		5.000		04/01/38		43,905
	386,332	FGLMC		5.000		04/01/38		427,414
	484,229	FGLMC		5.500		04/01/38		538,725
	109,076	FGLMC		5.500		05/01/38		121,354
	12,971	FGLMC		5.500		06/01/38		14,435
	28,057	FGLMC		6.000		07/01/38		31,504
	56,470	FGLMC		5.500		08/01/38		62,730
	424,525	FGLMC		5.500		08/01/38		472,132
	51,349	FGLMC		5.000		09/01/38		56,051
	675,159	FGLMC		5.500		09/01/38		750,612
	208,650	FGLMC		5.500		09/01/38		231,824
	12,147	FGLMC		5.500		10/01/38		13,530
	254,778	FGLMC		6.000		11/01/38		287,240
	1,813,695	FGLMC		5.500		01/01/39		2,019,758
	1,533,622	FGLMC		4.500		02/01/39		1,653,856
	731,604	FGLMC		5.000		02/01/39		798,578
	50,301	FGLMC		5.500		02/01/39		55,818
	7,469	FGLMC		4.500		03/01/39		8,042
	271,217	FGLMC		5.000		03/01/39		299,917
	38,414	FGLMC		6.000		03/01/39		43,268
	1,861,645	FGLMC		4.500		04/01/39		2,030,697

118

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	46,051	FGLMC		4.500	%	04/01/39	$	50,476
	516,102	FGLMC		4.000		05/01/39		546,151
	864,556	FGLMC		4.500		05/01/39		930,898
	13,948	FGLMC		4.500		05/01/39		15,044
	6,208,508	FGLMC		4.500		05/01/39		6,776,097
	283,515	FGLMC		4.500		05/01/39		305,790
	260,886	FGLMC		5.000		05/01/39		286,148
	628,433	FGLMC		4.000		06/01/39		665,605
	117,588	FGLMC		4.500		06/01/39		126,751
	2,995,301	FGLMC		4.500		06/01/39		3,228,863
	43,248	FGLMC		5.000		06/01/39		47,869
	20,773	FGLMC		5.500		06/01/39		23,103
	866,193	FGLMC		4.000		07/01/39		916,959
	72,107	FGLMC		4.500		07/01/39		77,770
	34,907	FGLMC		4.500		07/01/39		37,649
	413,528	FGLMC		4.500		07/01/39		446,018
	238,470	FGLMC		5.000		07/01/39		260,851
	350,857	FGLMC		5.500		07/01/39		390,339
	33,357	FGLMC		4.500		08/01/39		35,976
	83,631	FGLMC		5.000		08/01/39		91,482
	397,729	FGLMC		4.000		09/01/39		420,314
	1,915,729	FGLMC		5.000		09/01/39		2,091,139
	643,770	FGLMC		5.000		09/01/39		709,901
	17,546	FGLMC		5.500		09/01/39		19,396
	819,534	FGLMC		6.500		09/01/39		933,289
	131,275	FGLMC		4.500		10/01/39		143,920
	101,260	FGLMC		4.500		10/01/39		111,013
	273,767	FGLMC		4.500		10/01/39		295,264
	46,757	FGLMC		4.000		11/01/39		49,529
	190,359	FGLMC		4.500		11/01/39		205,301
	67,063	FGLMC		5.000		11/01/39		73,441
	16,019	FGLMC		5.000		11/01/39		17,488
	215,736	FGLMC		4.500		12/01/39		235,329
	160,630	FGLMC		4.500		12/01/39		173,094
	340,148	FGLMC		4.500		12/01/39		366,767
	577,490	FGLMC		4.500		12/01/39		623,267
	289,053	FGLMC		5.500		12/01/39		321,276
	370,627	FGLMC		4.500		01/01/40		399,780
	31,970	FGLMC		5.000		01/01/40		35,426
	57,919	FGLMC		5.500		01/01/40		63,950
	115,566	FGLMC		5.500		03/01/40		128,541
	1,708,405	FGLMC		4.000		04/01/40		1,810,092
	65,232	FGLMC		4.500		04/01/40		71,212
	272,342	FGLMC		4.500		04/01/40		293,680
	191,965	FGLMC		5.000		04/01/40		210,780
	423,048	FGLMC		5.000		04/01/40		464,298
	1,486,726	FGLMC		6.000		04/01/40		1,677,406
	4,352,538	FGLMC		4.500		05/01/40		4,694,571
	2,861,344	FGLMC		5.000		05/01/40		3,162,437
	10,138	FGLMC		4.500		06/01/40		10,933
	1,116,995	FGLMC		5.500		06/01/40		1,248,714
	2,147,872	FGLMC		4.500		07/01/40		2,316,599

119

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	41,931	FGLMC		4.500	%	08/01/40	$	45,222
	109,423	FGLMC		5.000		08/01/40		120,149
	461,128	FGLMC		5.000		08/01/40		506,100
	1,099,993	FGLMC		5.000		08/01/40		1,209,078
	6,509,382	FGLMC		5.500		08/01/40		7,236,920
	605,815	FGLMC		4.000		09/01/40		641,728
	5,988,128	FGLMC		4.000		11/01/40		6,351,551
	3,471,582	FGLMC		4.000		12/01/40		3,682,474
	1,025,975	FGLMC		3.500		01/01/41		1,057,985
	792,697	FGLMC		3.500		01/01/41		817,517
	626,792	FGLMC		4.000		01/01/41		664,059
	605,258	FGLMC		3.500		02/01/41		624,188
	916,713	FGLMC		4.000		02/01/41		971,278
	2,527,123	FGLMC		4.000		02/01/41		2,677,330
	3,756,413	FGLMC		4.000		04/01/41		3,979,939
	728,622	FGLMC		4.500		04/01/41		785,934
	174,683	FGLMC		5.000		04/01/41		191,721
	726,771	FGLMC		4.500		05/01/41		784,069
	836,768	FGLMC		4.500		06/01/41		902,322
	2,085,275	FGLMC		3.500		10/01/41		2,150,551
	1,713,814	FGLMC		5.000		10/01/41		1,880,970
	2,411,167	FGLMC		3.500		11/01/41		2,486,262
	1,105,190	FGLMC		4.500		12/01/41		1,195,201
	8,568,015	FGLMC		3.500		01/01/42		8,830,624
	2,547,977	FGLMC		3.500		02/01/42		2,626,072
	3,278,033	FGLMC		3.500		04/01/42		3,377,493
	5,613,220	FGLMC		4.000		05/01/42		5,954,953
	3,638,767	FGLMC		3.500		07/01/42		3,751,273
	979,901	FGLMC		3.000		08/01/42		980,217
	3,908,159	FGLMC		3.000		10/01/42		3,909,417
	5,806,437	FGLMC		3.000		10/01/42		5,808,304
	1,793,223	FGLMC		3.500		12/01/42		1,847,638
	4,761,706	FGLMC		2.500		01/01/43		4,586,935
	10,841,614	FGLMC		3.000		01/01/43		10,845,105
	16,573,354	FGLMC		3.000		04/01/43		16,576,549
	6,138,977	FGLMC		3.500		05/01/43		6,324,035
	4,342,134	FGLMC		3.000		08/01/43		4,341,566
	6,456,188	FGLMC		3.000		08/01/43		6,455,763
	6,359,759	FGLMC		3.500		08/01/43		6,550,980
	3,598,010	FGLMC		4.500		10/01/43		3,886,289
	4,763,811	FGLMC		4.000		11/01/43		5,035,910
	7,623,536	FGLMC		3.500		02/01/44		7,851,527
	6,682,882	FGLMC		4.000		02/01/44		7,066,338
	3,388,223	FGLMC		4.000		04/01/44		3,582,557
	4,317,078	FGLMC		4.500		05/01/44		4,660,453
	7,732,760	FGLMC		4.000		06/01/44		8,172,792
	11,603,672	FGLMC		4.000		08/01/44		12,265,508
	8,179,619	FGLMC		3.500		09/01/44		8,424,241
	10,094,810	FGLMC		3.500		11/01/44		10,396,708
	14,441,120	FGLMC		3.500		12/01/44		14,873,193
	9,067,089	FGLMC		3.500		01/01/45		9,338,252
	14,276,272	FGLMC		3.000		02/01/45		14,259,263

120

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	18,980,257		FGLMC		3.500	%	03/01/45	$	19,547,886
	13,622,663		FGLMC		4.000		03/01/45		14,401,887
	6,249,092		FGLMC		3.000		04/01/45		6,241,647
	14,281,101		FGLMC		3.500		04/01/45		14,727,617
	14,958,563	h	FGLMC		4.000		11/01/45		15,810,770
	25,000,000	h	FGLMC		3.500		12/01/45		25,747,657
	1,075		Federal National Mortgage Association (FNMA)		5.500		09/01/16		1,077
	322		FNMA		6.500		10/01/16		323
	4,995		FNMA		6.500		11/01/16		5,063
	4,452		FNMA		6.500		04/01/17		4,559
	4,883		FNMA		6.000		05/01/17		4,992
	21,439		FNMA		5.000		09/01/17		22,265
	2,515		FNMA		6.000		11/01/17		2,562
	46,327		FNMA		5.000		12/01/17		47,968
	3,322		FNMA		5.000		12/01/17		3,440
	177,459		FNMA		5.000		12/01/17		183,740
	356,565		FNMA		5.000		01/01/18		369,184
	347,852		FNMA		4.500		02/01/18		359,365
	52,835		FNMA		4.500		04/01/18		54,593
	10,259		FNMA		5.000		04/01/18		10,632
	88,058		FNMA		5.500		04/01/18		91,135
	8,345		FNMA		5.500		04/01/18		8,621
	3,865		FNMA		5.500		05/01/18		3,969
	165,111		FNMA		4.500		06/01/18		170,636
	18,330		FNMA		4.000		08/01/18		19,108
	205,213		FNMA		4.000		08/01/18		213,920
	49,358		FNMA		4.500		09/01/18		51,008
	34,902		FNMA		4.500		10/01/18		36,062
	128,039		FNMA		5.000		11/01/18		133,653
	1,957		FNMA		5.000		01/01/19		2,029
	6,061		FNMA		6.000		01/01/19		6,839
	13,559		FNMA		4.500		05/01/19		14,081
	5,898		FNMA		4.500		06/01/19		6,125
	30,764		FNMA		4.500		06/01/19		31,983
	28,840		FNMA		5.000		07/01/19		29,888
	180,222		FNMA		5.000		10/01/19		189,157
	22,070		FNMA		4.500		11/01/19		22,892
	20,283		FNMA		4.500		12/01/19		21,085
	19,766		FNMA		5.000		03/01/20		20,492
	8,266		FNMA		5.000		04/01/20		8,710
	14,910		FNMA		4.500		06/01/20		15,500
	11,300		FNMA		4.500		09/01/20		11,769
	12,933		FNMA		4.500		10/01/20		13,585
	17,195		FNMA		4.500		11/01/20		17,919
	36,808		FNMA		5.000		12/01/20		38,754
	840,214		FNMA		5.500		01/01/21		877,808
	62,404		FNMA		5.500		01/01/21		64,012
	35,357		FNMA		5.000		03/01/21		37,022
	31,845		FNMA		5.500		08/01/21		34,077
	8,889		FNMA		6.000		08/01/21		9,527
	6,127		FNMA		5.000		10/01/21		6,566
	13,322		FNMA		5.000		11/01/21		13,959

121

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	5,844	FNMA		5.500	%	11/01/21	$	6,117
	20,715	FNMA		5.500		10/01/22		22,176
	9,380	FNMA		6.000		10/01/22		10,172
	5,802	FNMA		5.000		03/01/23		6,248
	17,346	FNMA		4.500		04/01/23		18,171
	163,002	FNMA		4.500		06/01/23		172,683
	13,097	FNMA		5.000		06/01/23		14,079
	15,826	FNMA		5.500		06/01/23		17,620
	165,604	FNMA		5.000		07/01/23		177,723
	30,887	FNMA		5.000		07/01/23		33,249
	14,731	FNMA		5.500		08/01/23		15,658
	30,003	FNMA		5.000		11/01/23		32,997
	9,604	FNMA		5.500		11/01/23		10,294
	368,510	FNMA		5.500		01/01/24		397,841
	29,486	FNMA		5.500		02/01/24		32,828
	141,119	FNMA		4.000		03/01/24		149,043
	11,076	FNMA		4.500		04/01/24		11,944
	163,318	FNMA		4.000		05/01/24		172,777
	578,257	FNMA		4.000		05/01/24		611,632
	13,501	FNMA		4.000		06/01/24		14,285
	16,884	FNMA		4.500		07/01/24		18,134
	14,989	FNMA		5.500		07/01/24		16,687
	332	FNMA		8.000		07/01/24		391
	91,083	FNMA		4.500		08/01/24		98,202
	83,133	FNMA		4.000		09/01/24		88,001
	342,013	FNMA		4.000		09/01/24		361,910
	36,141	FNMA		4.500		09/01/24		38,370
	748,792	FNMA		4.500		10/01/24		800,410
	39,786	FNMA		5.000		01/01/25		43,756
	70,817	FNMA		4.500		02/01/25		76,326
	10,958	FNMA		4.500		03/01/25		11,334
	596,168	FNMA		4.500		03/01/25		641,657
	164,098	FNMA		5.000		03/01/25		180,469
	154,899	FNMA		4.500		04/01/25		166,947
	379,533	FNMA		4.500		04/01/25		404,695
	1,803,420	FNMA		4.000		05/01/25		1,912,462
	587,373	FNMA		4.000		06/01/25		622,932
	469,873	FNMA		4.500		06/01/25		505,212
	177,358	FNMA		4.000		08/01/25		188,037
	74,956	FNMA		5.500		08/01/25		84,282
	958,247	FNMA		3.500		09/01/25		1,005,236
	908,602	FNMA		4.000		09/01/25		961,502
	985,410	FNMA		3.500		10/01/25		1,033,510
	1,165,013	FNMA		3.500		10/01/25		1,222,204
	343,310	FNMA		5.000		10/01/25		377,560
	687,271	FNMA		4.000		11/01/25		728,848
	1,053,959	FNMA		3.500		12/01/25		1,105,612
	751,539	FNMA		3.500		02/01/26		788,466
	4,646,485	FNMA		3.500		02/01/26		4,875,286
	228,767	FNMA		4.000		03/01/26		242,664
	661,267	FNMA		4.000		06/01/26		701,398
	631,283	FNMA		3.500		08/01/26		662,231

122

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	481,004	FNMA		3.500	%	09/01/26	$	504,584
	268,313	FNMA		4.000		09/01/26		284,564
	736,270	FNMA		3.500		10/01/26		772,510
	15,352	FNMA		6.000		10/01/26		17,323
	1,068,019	FNMA		3.000		11/01/26		1,105,694
	895,103	FNMA		3.000		12/01/26		926,691
	2,429,701	FNMA		3.000		01/01/27		2,515,457
	3,584,578	FNMA		4.000		01/01/27		3,816,579
	1,812,088	FNMA		3.500		02/01/27		1,902,446
	2,882,535	FNMA		3.000		04/01/27		2,984,304
	1,777,587	FNMA		3.000		04/01/27		1,840,339
	1,125,337	FNMA		3.500		05/01/27		1,181,056
	1,064,514	FNMA		2.500		06/01/27		1,081,489
	3,027,904	FNMA		3.000		06/01/27		3,134,768
	1,285,184	FNMA		2.500		07/01/27		1,305,668
	2,606,082	FNMA		2.500		09/01/27		2,647,622
	38,237	FNMA		5.500		09/01/27		42,571
	4,518,131	FNMA		2.500		10/01/27		4,590,204
	2,914,583	FNMA		3.000		11/01/27		3,017,517
	5,419	FNMA		5.500		01/01/28		6,033
	7,853,857	FNMA		2.500		02/01/28		7,956,310
	10,328,187	FNMA		2.500		02/01/28		10,492,939
	4,600	FNMA		5.000		02/01/28		5,059
	5,849,677	FNMA		2.500		04/01/28		5,925,866
	8,545,298	FNMA		2.500		04/01/28		8,656,542
	25,324	FNMA		5.500		06/01/28		28,195
	2,264,807	FNMA		2.500		07/01/28		2,294,282
	4,608,444	FNMA		2.500		08/01/28		4,668,418
	6,504,523	FNMA		3.000		10/01/28		6,715,229
	4,296	FNMA		5.500		11/01/28		4,783
	23	FNMA		7.500		01/01/29		27
	8,175,247	FNMA		3.000		03/01/29		8,432,770
	38,636	FNMA		4.000		03/01/29		41,219
	131,255	FNMA		4.500		04/01/29		141,735
	415	FNMA		6.500		04/01/29		475
	95,869	FNMA		4.000		05/01/29		102,282
	50,446	FNMA		4.500		06/01/29		54,474
	17,518	FNMA		4.000		07/01/29		18,689
	3,278	FNMA		7.500		07/01/29		3,381
	333,329	FNMA		4.500		08/01/29		359,947
	61,861	FNMA		4.500		09/01/29		66,801
	52,898	FNMA		4.500		11/01/29		58,302
	17,153	FNMA		4.500		01/01/30		18,523
	4,534,694	FNMA		2.500		02/01/30		4,574,814
	46,603	FNMA		4.000		03/01/30		49,730
	19,548	FNMA		4.500		05/01/30		21,229
	28,436	FNMA		4.500		06/01/30		30,883
	9,620,772	FNMA		3.000		07/01/30		9,917,518
	247,837	FNMA		4.500		08/01/30		269,117
	52,088	FNMA		4.000		09/01/30		55,570
	289,785	FNMA		4.000		10/01/30		307,075
	472,218	FNMA		4.000		11/01/30		503,998

123

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	3,006,778	FNMA		4.000	%	11/01/30	$	3,208,392
	118,649	FNMA		4.500		12/01/30		128,845
	153,971	FNMA		3.500		02/01/31		160,921
	176,370	FNMA		4.000		02/01/31		188,647
	268	FNMA		7.500		02/01/31		280
	1,255	FNMA		7.500		03/01/31		1,508
	444,241	FNMA		3.500		04/01/31		464,279
	53,568	FNMA		4.000		04/01/31		57,290
	5,004	FNMA		6.000		05/01/31		5,698
	386	FNMA		7.500		05/01/31		391
	280,382	FNMA		4.500		07/01/31		305,093
	1,647,001	FNMA		4.500		07/01/31		1,817,419
	1,629,777	FNMA		4.000		08/01/31		1,743,116
	114,372	FNMA		4.000		09/01/31		122,320
	384	FNMA		6.500		09/01/31		439
	46,897	FNMA		6.000		11/01/31		53,506
	6,018	FNMA		6.500		11/01/31		6,998
	2,904,929	FNMA		3.500		01/01/32		3,036,184
	17,797	FNMA		6.000		01/01/32		20,321
	12,845	FNMA		6.000		01/01/32		14,501
	1,201,744	FNMA		3.500		02/01/32		1,256,019
	15,064	FNMA		6.000		02/01/32		17,199
	48,370	FNMA		6.500		04/01/32		56,334
	99,372	FNMA		6.500		07/01/32		114,614
	12,400	FNMA		6.500		08/01/32		14,629
	1,198,683	FNMA		3.000		09/01/32		1,230,318
	136,453	FNMA		6.000		09/01/32		153,977
	31,547	FNMA		7.500		09/01/32		36,004
	3,510,841	FNMA		3.000		10/01/32		3,603,486
	62,921	FNMA		5.500		10/01/32		70,751
	41,988	FNMA		6.000		10/01/32		47,406
	22,167	FNMA		6.000		11/01/32		25,296
	28,226	FNMA		5.500		12/01/32		31,742
	2,783	FNMA		5.500		12/01/32		3,114
	45,036	FNMA		6.000		12/01/32		50,820
	237,232	FNMA		5.500		01/01/33		265,251
	461,795	FNMA		6.000		01/01/33		526,674
	15,116	FNMA		5.000		02/01/33		16,624
	257,014	FNMA		5.000		02/01/33		283,868
	2,351,487	FNMA		3.000		04/01/33		2,413,614
	3,275,383	FNMA		3.500		04/01/33		3,423,184
	12,036	FNMA		6.000		04/01/33		13,728
	1,687,860	FNMA		5.500		05/01/33		1,898,530
	96,420	FNMA		5.000		06/01/33		106,650
	207,564	FNMA		5.500		06/01/33		233,500
	25,619	FNMA		4.500		07/01/33		27,775
	79,969	FNMA		5.000		07/01/33		88,439
	177,796	FNMA		4.500		08/01/33		192,400
	10,100	FNMA		4.500		08/01/33		10,906
	40,140	FNMA		5.000		08/01/33		44,145
	269,209	FNMA		5.500		09/01/33		304,215
	61,662	FNMA		5.500		09/01/33		68,668

124

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	24,007		FNMA		6.000	%	09/01/33	$	27,382
	271,271		FNMA		4.500		10/01/33		295,190
	40,190		FNMA		5.000		10/01/33		44,456
	48,718		FNMA		5.000		10/01/33		53,881
	907,833		FNMA		5.500		10/01/33		1,037,554
	333,079		FNMA		5.500		10/01/33		378,134
	19,065		FNMA		4.500		11/01/33		20,668
	3,505,506		FNMA		5.000		11/01/33		3,877,588
	50,307		FNMA		5.000		11/01/33		55,641
	407,276		FNMA		5.000		12/01/33		450,526
	490,340		FNMA		5.500		12/01/33		556,917
	4,610,568		FNMA		3.000		01/01/34		4,717,563
	153,805		FNMA		5.000		02/01/34		170,122
	624,688		FNMA		6.000		02/01/34		713,007
	13,305		FNMA		5.000		03/01/34		14,720
	928,970		FNMA		5.000		03/01/34		1,027,567
	16,395		FNMA		5.000		03/01/34		18,136
	22,037		FNMA		5.000		03/01/34		24,377
	38,953		FNMA		5.000		03/01/34		43,088
	48,117		FNMA		5.000		03/01/34		53,221
	134,777		FNMA		5.000		04/01/34		149,038
	139,979		FNMA		5.500		04/01/34		157,415
	86,267		FNMA		4.500		05/01/34		93,516
	28,813		FNMA		4.500		05/01/34		31,257
	49,492		FNMA		5.500		07/01/34		55,688
	32,139		FNMA		5.500		07/01/34		36,222
	47,809		FNMA		7.000		07/01/34		57,467
	44,270		FNMA		5.000		08/01/34		48,953
	387,488		FNMA		5.000		08/01/34		428,339
	36,701		FNMA		6.000		08/01/34		41,819
	212,038		FNMA		6.000		08/01/34		241,707
	22,371		FNMA		4.500		09/01/34		24,365
	793,972		FNMA		5.500		09/01/34		894,557
	7,765		FNMA		5.500		11/01/34		8,752
	22,989		FNMA		6.000		11/01/34		25,954
	12,174		FNMA		5.000		12/01/34		13,460
	7,457		FNMA		5.500		12/01/34		8,390
	19,037		FNMA		6.000		12/01/34		21,708
	1,107,860		FNMA		4.500		01/01/35		1,205,773
	71,876		FNMA		5.500		01/01/35		80,875
	2,469,811		FNMA		5.500		02/01/35		2,780,051
	102,788		FNMA		5.500		02/01/35		115,767
	642,336		FNMA		5.500		04/01/35		722,806
	89,371		FNMA		6.000		04/01/35		101,838
	98,274		FNMA		6.000		04/01/35		111,687
	28,476		FNMA		5.500		05/01/35		31,703
	143,793		FNMA		6.000		05/01/35		164,080
	41,305		FNMA		5.000		06/01/35		45,650
	4,446	i	FNMA		2.320		07/01/35		4,705
	115,460		FNMA		5.000		07/01/35		128,630
	9,785,657		FNMA		3.000		08/01/35		9,977,899
	242,805		FNMA		4.500		08/01/35		263,897

125

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	184,097		FNMA		5.000	%	08/01/35	$	202,831
	347,936		FNMA		5.000		08/01/35		383,733
	10,362		FNMA		4.500		09/01/35		11,238
	12,786		FNMA		4.500		09/01/35		13,918
	28,116		FNMA		5.500		09/01/35		31,688
	205,995		FNMA		5.000		10/01/35		227,215
	367,810		FNMA		5.500		10/01/35		411,320
	7,202		FNMA		5.000		11/01/35		7,414
	423,573		FNMA		5.500		11/01/35		474,171
	5,806		FNMA		4.500		12/01/35		6,290
	54,244		FNMA		5.500		12/01/35		60,392
	205,693		FNMA		6.000		12/01/35		232,109
	137,314	i	FNMA		2.198		02/01/36		146,399
	917,665		FNMA		5.000		02/01/36		1,012,406
	127,419		FNMA		6.500		02/01/36		147,581
	396,488		FNMA		6.000		03/01/36		448,606
	8,542		FNMA		5.000		05/01/36		9,414
	673,537		FNMA		6.000		06/01/36		768,148
	150,877	i	FNMA		2.379		07/01/36		160,502
	34,163		FNMA		6.000		07/01/36		38,793
	214,880		FNMA		6.500		07/01/36		245,565
	532,666		FNMA		5.500		08/01/36		599,330
	344,745		FNMA		6.500		08/01/36		398,220
	26,626		FNMA		5.500		09/01/36		29,960
	14,233		FNMA		6.500		09/01/36		16,266
	49,181		FNMA		6.500		09/01/36		56,205
	59,739		FNMA		6.000		10/01/36		67,559
	27,851		FNMA		6.500		11/01/36		31,942
	11,347	i	FNMA		2.547		12/01/36		11,986
	166,897		FNMA		6.000		12/01/36		188,856
	39,265	i	FNMA		2.562		01/01/37		41,614
	70,392		FNMA		5.500		01/01/37		78,759
	7,371	i	FNMA		1.922		02/01/37		7,669
	512,644		FNMA		5.500		02/01/37		572,484
	21,472		FNMA		6.000		02/01/37		24,302
	34,021		FNMA		7.000		02/01/37		39,345
	13,365	i	FNMA		2.339		03/01/37		14,287
	2,946		FNMA		5.000		03/01/37		3,242
	188,113		FNMA		6.500		03/01/37		215,044
	85,076		FNMA		6.500		03/01/37		97,369
	4,269	i	FNMA		5.663		04/01/37		4,298
	124,140		FNMA		7.000		04/01/37		146,718
	152,958		FNMA		5.000		05/01/37		168,218
	3,679		FNMA		7.000		05/01/37		3,998
	43,572	i	FNMA		2.499		06/01/37		46,312
	45,549		FNMA		5.500		06/01/37		50,902
	46,692		FNMA		5.500		08/01/37		52,528
	17,029		FNMA		6.000		08/01/37		19,216
	26,955		FNMA		6.500		08/01/37		30,804
	85,956		FNMA		6.500		08/01/37		98,231
	36,590		FNMA		5.500		09/01/37		40,738
	111,110		FNMA		6.000		09/01/37		127,003

126

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	95,815		FNMA		6.000	%	09/01/37	$	110,095
	326,906		FNMA		6.000		09/01/37		375,462
	72,095		FNMA		6.000		09/01/37		81,507
	238,074		FNMA		6.000		09/01/37		271,138
	15,897		FNMA		6.500		09/01/37		18,654
	93,410		FNMA		6.500		09/01/37		106,750
	403,031	i	FNMA		2.527		10/01/37		429,230
	33,598		FNMA		6.500		10/01/37		38,395
	366,469		FNMA		5.500		11/01/37		410,201
	652,282		FNMA		6.000		11/01/37		736,511
	36,903		FNMA		7.000		11/01/37		43,322
	2,672		FNMA		6.500		01/01/38		3,054
	201,598		FNMA		5.500		02/01/38		225,637
	29,729		FNMA		6.500		02/01/38		33,974
	35,379		FNMA		7.000		02/01/38		39,321
	61,382	i	FNMA		2.395		03/01/38		65,187
	18,541		FNMA		5.000		03/01/38		20,390
	10,399		FNMA		5.000		03/01/38		11,436
	36,943		FNMA		5.500		03/01/38		41,219
	11,611		FNMA		6.000		03/01/38		13,306
	85,224		FNMA		6.500		03/01/38		97,394
	15,738		FNMA		6.500		03/01/38		17,985
	392,146		FNMA		6.500		03/01/38		460,552
	26,045		FNMA		5.000		04/01/38		28,643
	622,038		FNMA		5.500		04/01/38		693,129
	467,474		FNMA		6.000		04/01/38		527,509
	33,144		FNMA		4.500		05/01/38		35,791
	587,291		FNMA		5.000		05/01/38		645,882
	1,823,727		FNMA		5.000		05/01/38		2,011,419
	1,620,320		FNMA		6.000		06/01/38		1,831,108
	2,312,256		FNMA		6.500		06/01/38		2,654,707
	468,181		FNMA		6.000		07/01/38		529,271
	7,785	i	FNMA		2.352		08/01/38		8,194
	4,557	i	FNMA		2.625		08/01/38		4,835
	1,566,395		FNMA		6.000		09/01/38		1,771,708
	59,169	i	FNMA		2.080		10/01/38		61,887
	6,205		FNMA		6.000		10/01/38		7,002
	38,239		FNMA		5.500		11/01/38		42,573
	7,550		FNMA		5.000		12/01/38		8,303
	1,307,123		FNMA		5.500		12/01/38		1,455,275
	222,977		FNMA		4.500		01/01/39		240,782
	255,354		FNMA		5.000		01/01/39		280,829
	5,277,609		FNMA		5.000		01/01/39		5,804,126
	823,474		FNMA		5.500		01/01/39		920,463
	161,171		FNMA		5.500		01/01/39		179,439
	64,558		FNMA		6.000		01/01/39		72,849
	50,687		FNMA		6.000		01/01/39		57,228
	899,697		FNMA		4.500		02/01/39		972,738
	421,192		FNMA		4.500		02/01/39		455,376
	342,316		FNMA		4.500		02/01/39		369,650
	13,613		FNMA		5.500		02/01/39		15,156
	846,641		FNMA		4.000		04/01/39		895,987

127

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	21,944		FNMA		5.500	%	04/01/39	$	24,563
	1,368,569		FNMA		4.500		05/01/39		1,493,699
	284,729		FNMA		4.500		05/01/39		307,649
	313,862		FNMA		4.500		06/01/39		339,606
	784,529		FNMA		4.500		06/01/39		848,396
	623,860		FNMA		5.500		06/01/39		697,276
	16,548	i	FNMA		2.585		07/01/39		17,602
	165,716		FNMA		4.500		07/01/39		179,308
	214,048		FNMA		4.500		07/01/39		231,600
	24,678		FNMA		5.000		07/01/39		27,286
	174,577	i	FNMA		2.400		08/01/39		184,912
	31,868	i	FNMA		2.440		08/01/39		33,788
	447,808		FNMA		4.000		08/01/39		474,058
	3,014,461		FNMA		4.000		08/01/39		3,190,157
	38,427		FNMA		4.500		08/01/39		42,152
	663,181		FNMA		4.500		08/01/39		717,432
	1,809,592		FNMA		4.500		08/01/39		1,975,832
	2,932,542		FNMA		5.000		08/01/39		3,231,345
	29,729		FNMA		5.000		08/01/39		32,713
	1,040,818		FNMA		4.000		09/01/39		1,101,662
	59,062		FNMA		5.000		09/01/39		65,089
	426,680		FNMA		5.500		09/01/39		479,493
	265,260		FNMA		6.000		09/01/39		299,955
	1,096,715		FNMA		6.500		10/01/39		1,253,330
	49,258		FNMA		5.000		11/01/39		54,992
	1,397,657		FNMA		4.000		12/01/39		1,479,591
	4,781,179		FNMA		4.500		12/01/39		5,172,964
	120,905		FNMA		4.500		12/01/39		132,325
	324,215		FNMA		4.500		12/01/39		350,817
	40,457	i	FNMA		3.669		01/01/40		42,680
	84,490		FNMA		4.500		01/01/40		91,405
	95,295		FNMA		5.000		01/01/40		104,943
	644,689		FNMA		6.000		02/01/40		729,180
	426,734		FNMA		4.500		03/01/40		461,802
	863,462		FNMA		4.500		03/01/40		934,475
	45,437		FNMA		5.000		03/01/40		50,229
	41,462		FNMA		4.500		04/01/40		44,874
	1,271,146		FNMA		5.000		04/01/40		1,403,203
	1,536,953		FNMA		5.000		04/01/40		1,695,292
	310,276	i	FNMA		2.422		05/01/40		328,661
	221,302	i	FNMA		2.487		05/01/40		235,774
	140,987	i	FNMA		2.524		05/01/40		149,647
	48,197		FNMA		4.500		05/01/40		52,642
	100,308		FNMA		4.500		07/01/40		108,556
	122,852		FNMA		4.500		07/01/40		132,881
	139,549		FNMA		5.000		07/01/40		154,432
	66,943	i	FNMA		2.555		08/01/40		71,172
	1,234,170		FNMA		4.500		08/01/40		1,335,616
	904,076		FNMA		4.500		08/01/40		978,430
	954,378		FNMA		5.000		08/01/40		1,053,028
	741,940		FNMA		4.500		09/01/40		802,213
	1,989,279		FNMA		4.500		09/01/40		2,152,668

128

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,885,802		FNMA		6.000	%	09/01/40	$	2,132,929
	313,726		FNMA		3.500		10/01/40		324,318
	1,406,541		FNMA		4.000		10/01/40		1,491,663
	3,421,920		FNMA		4.000		10/01/40		3,628,984
	2,101,510		FNMA		4.500		10/01/40		2,273,713
	2,358,602		FNMA		3.500		11/01/40		2,438,397
	1,575,448		FNMA		4.000		11/01/40		1,670,628
	2,681,426		FNMA		4.000		11/01/40		2,843,473
	2,483,354		FNMA		4.000		11/01/40		2,635,150
	281,265		FNMA		4.500		11/01/40		304,365
	244,343	i	FNMA		3.217		12/01/40		255,386
	822,705		FNMA		4.000		12/01/40		872,427
	6,629,505		FNMA		4.500		12/01/40		7,173,400
	85,906		FNMA		3.500		01/01/41		88,813
	148,602	i	FNMA		2.690		02/01/41		156,471
	482,548		FNMA		3.500		02/01/41		498,894
	2,314,287		FNMA		4.000		02/01/41		2,455,887
	2,195,420		FNMA		4.000		03/01/41		2,328,145
	1,708,882		FNMA		4.500		04/01/41		1,849,025
	393,766		FNMA		4.500		05/01/41		426,020
	2,359,170		FNMA		4.500		05/01/41		2,552,552
	1,334,399		FNMA		4.500		06/01/41		1,443,560
	399,236	i	FNMA		3.215		07/01/41		421,475
	1,587,347		FNMA		4.500		07/01/41		1,717,588
	4,187,318		FNMA		4.000		09/01/41		4,440,854
	2,286,586		FNMA		4.500		09/01/41		2,473,854
	823,529		FNMA		5.500		09/01/41		920,105
	654,839	i	FNMA		2.961		10/01/41		697,335
	145,520	i	FNMA		3.003		10/01/41		151,334
	1,367,058		FNMA		3.500		11/01/41		1,413,427
	1,212,675		FNMA		3.500		11/01/41		1,253,787
	1,345,204	i	FNMA		2.834		12/01/41		1,394,410
	7,359,916		FNMA		3.500		12/01/41		7,609,642
	1,563,122		FNMA		4.000		12/01/41		1,657,963
	3,611,580		FNMA		3.500		03/01/42		3,734,024
	2,583,041		FNMA		4.000		03/01/42		2,741,148
	2,296,300		FNMA		3.500		04/01/42		2,377,676
	6,639,801		FNMA		3.500		04/01/42		6,862,769
	3,184,806		FNMA		4.500		04/01/42		3,445,142
	2,669,453		FNMA		5.000		04/01/42		2,998,817
	2,320,600		FNMA		4.000		05/01/42		2,462,549
	2,998,183		FNMA		5.000		05/01/42		3,312,662
	2,018,530		FNMA		3.000		06/01/42		2,025,792
	10,136,185		FNMA		3.500		06/01/42		10,475,845
	5,159,327		FNMA		4.000		06/01/42		5,472,444
	9,239,926		FNMA		4.000		06/01/42		9,802,860
	16,075,737		FNMA		3.500		07/01/42		16,615,206
	3,131,766		FNMA		4.500		07/01/42		3,388,440
	3,483,545		FNMA		3.500		08/01/42		3,601,607
	4,693,548		FNMA		3.000		09/01/42		4,707,885
	6,503,216		FNMA		3.500		09/01/42		6,720,104
	9,708,000		FNMA		3.000		10/01/42		9,735,869

129

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	3,386,881		FNMA		3.500	%	10/01/42	$	3,499,006
	3,387,273		FNMA		2.500		01/01/43		3,272,039
	12,022,508		FNMA		3.000		01/01/43		12,050,530
	16,174,994		FNMA		3.000		02/01/43		16,206,804
	4,125,590		FNMA		3.000		04/01/43		4,133,199
	12,051,907		FNMA		3.000		04/01/43		12,074,169
	2,642,224	i	FNMA		2.163		06/01/43		2,679,962
	12,946,444		FNMA		3.000		06/01/43		12,969,369
	3,443,648	i	FNMA		1.728		07/01/43		3,501,754
	10,081,290		FNMA		3.000		07/01/43		10,098,783
	9,977,671		FNMA		3.500		07/01/43		10,303,811
	8,592,664		FNMA		3.000		08/01/43		8,607,253
	4,416,132		FNMA		4.000		08/01/43		4,704,506
	6,897,548		FNMA		3.000		09/01/43		6,908,981
	10,024,520		FNMA		3.500		09/01/43		10,351,770
	6,421,526		FNMA		3.500		10/01/43		6,632,171
	1,196,840		FNMA		4.500		10/01/43		1,292,410
	3,423,249		FNMA		4.000		11/01/43		3,622,989
	7,634,723		FNMA		4.000		11/01/43		8,082,781
	7,041,921		FNMA		4.500		12/01/43		7,604,233
	2,250,984		FNMA		4.500		12/01/43		2,430,729
	7,427,909		FNMA		4.000		01/01/44		7,861,366
	6,649,550		FNMA		4.000		05/01/44		7,037,830
	7,262,559		FNMA		4.000		07/01/44		7,685,854
	7,757,592		FNMA		4.000		07/01/44		8,209,740
	4,044,546		FNMA		3.500		09/01/44		4,174,633
	7,384,316		FNMA		4.000		09/01/44		7,814,707
	13,484,110		FNMA		3.500		10/01/44		13,917,805
	8,612,174		FNMA		4.000		12/01/44		9,114,164
	8,841,196		FNMA		3.000		01/01/45		8,853,579
	22,598,465		FNMA		3.500		02/01/45		23,325,307
	19,398,459		FNMA		3.500		05/01/45		20,022,378
	14,734,220		FNMA		3.500		07/01/45		15,221,461
	24,886,907		FNMA		4.000		07/01/45		26,347,158
	4,167		Government National Mortgage Association (GNMA)		5.000		02/15/18		4,354
	18,857		GNMA		4.500		02/15/19		19,368
	9,097		GNMA		4.500		01/20/24		9,679
	54,804		GNMA		4.000		04/15/24		58,272
	10,363		GNMA		4.500		07/15/24		11,102
	180,431		GNMA		4.000		08/15/24		191,662
	48,813		GNMA		4.500		08/15/24		52,269
	152,656		GNMA		4.000		09/15/24		162,198
	27,464		GNMA		4.500		01/15/25		29,405
	216,463		GNMA		4.000		08/15/25		228,619
	121,650		GNMA		3.500		03/15/26		127,420
	155,157		GNMA		4.000		04/15/26		163,349
	123,029		GNMA		4.000		06/20/26		130,734
	191,766		GNMA		3.500		11/20/26		200,153
	982,278		GNMA		3.000		12/15/26		1,018,669
	2,897,656		GNMA		2.500		04/20/27		2,952,219
	1,803,970		GNMA		2.500		09/20/27		1,837,939
	690		GNMA		6.500		09/15/28		789

130

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	3,087	GNMA		6.500	%	09/15/28	$	3,531
	4,045	GNMA		6.500		11/15/28		4,627
	1,197	GNMA		7.500		11/15/28		1,342
	2,987,999	GNMA		3.500		11/20/28		3,122,329
	8,562	GNMA		8.500		10/15/30		9,137
	4,633	GNMA		8.500		10/20/30		5,516
	547	GNMA		8.500		12/15/30		688
	767	GNMA		7.000		06/20/31		926
	966	GNMA		6.500		07/15/31		1,105
	1,993	GNMA		7.000		07/15/31		2,066
	2,000	GNMA		7.000		07/15/31		2,218
	288,884	GNMA		6.000		10/15/32		333,545
	40,991	GNMA		5.500		12/20/32		45,678
	99,923	GNMA		5.500		05/15/33		113,078
	16,230	GNMA		5.000		07/15/33		18,043
	56,124	GNMA		5.500		07/15/33		63,822
	13,894	GNMA		5.000		07/20/33		15,384
	29,495	GNMA		5.000		08/15/33		32,361
	75,304	GNMA		5.000		08/15/33		84,033
	212,398	GNMA		5.500		09/15/33		242,789
	171,431	GNMA		6.000		11/20/33		194,910
	76,913	GNMA		5.500		05/20/34		85,783
	105,498	GNMA		6.000		09/20/34		120,311
	9,925	GNMA		5.000		10/20/34		10,962
	242,294	GNMA		5.500		11/15/34		275,422
	107,104	GNMA		6.500		01/15/35		125,424
	57,920	GNMA		5.500		02/20/35		64,611
	1,131,744	GNMA		5.000		03/20/35		1,249,959
	374,539	GNMA		5.000		04/15/35		417,306
	364,511	GNMA		5.500		05/20/35		406,206
	14,300	GNMA		5.000		09/20/35		15,814
	9,052	GNMA		5.000		11/15/35		9,919
	9,100	GNMA		5.000		11/15/35		10,146
	108,063	GNMA		5.500		02/20/36		120,417
	12,471	GNMA		5.500		03/15/36		14,068
	34,248	GNMA		5.500		05/20/36		38,075
	8,901	GNMA		6.500		06/15/36		10,722
	348,826	GNMA		5.500		06/20/36		388,105
	18,622	GNMA		5.000		09/15/36		20,758
	15,441	GNMA		6.000		09/15/36		17,320
	32,462	GNMA		6.000		10/20/36		36,684
	20,610	GNMA		5.000		12/15/36		22,968
	40,745	GNMA		5.500		01/15/37		45,330
	18,449	GNMA		6.000		01/20/37		20,866
	500,550	GNMA		5.500		02/15/37		561,783
	62,712	GNMA		6.000		02/20/37		70,886
	452,563	GNMA		6.000		04/15/37		520,044
	11,915	GNMA		6.500		04/15/37		13,632
	201,660	GNMA		6.000		04/20/37		226,067
	22,114	GNMA		6.000		06/15/37		25,274
	37,134	GNMA		6.000		08/20/37		42,048
	29,149	GNMA		6.500		08/20/37		33,367

131

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	143,590		GNMA		6.500	%	11/20/37	$	164,370
	80,636		GNMA		6.000		12/15/37		91,115
	9,777		GNMA		5.000		02/20/38		10,595
	223,199		GNMA		5.000		04/15/38		246,835
	9,668		GNMA		5.500		05/20/38		10,766
	41,835		GNMA		5.500		06/15/38		47,181
	102,566		GNMA		6.000		06/20/38		114,754
	148,546		GNMA		5.500		07/15/38		165,535
	809,009		GNMA		5.000		07/20/38		881,494
	774,458		GNMA		5.500		07/20/38		853,327
	20,456		GNMA		5.500		08/15/38		22,796
	342,461		GNMA		6.000		08/15/38		387,052
	109,628		GNMA		6.000		08/15/38		124,080
	78,465		GNMA		6.000		08/20/38		87,789
	306,026		GNMA		6.000		09/20/38		342,392
	67,911		GNMA		5.000		10/15/38		74,513
	25,025		GNMA		5.500		10/15/38		28,604
	22,665		GNMA		6.500		10/20/38		24,294
	14,385		GNMA		6.500		10/20/38		16,467
	4,815		GNMA		5.500		11/15/38		5,366
	57,931		GNMA		6.500		11/20/38		66,315
	348,692		GNMA		6.000		12/15/38		394,014
	4,948		GNMA		6.500		12/15/38		5,774
	55,478		GNMA		5.000		01/15/39		61,423
	1,523,933		GNMA		4.500		01/20/39		1,649,935
	150,871		GNMA		6.500		01/20/39		174,466
	55,188		GNMA		5.000		02/15/39		60,905
	21,217		GNMA		6.000		02/15/39		23,998
	509,799		GNMA		4.500		03/15/39		549,456
	71,801		GNMA		4.500		03/15/39		77,500
	49,896	i	GNMA		3.000		03/20/39		51,015
	18,719		GNMA		4.500		03/20/39		20,199
	281,246		GNMA		5.500		03/20/39		312,929
	29,339		GNMA		4.500		04/15/39		31,731
	494,088		GNMA		5.500		04/15/39		553,959
	11,145		GNMA		5.000		04/20/39		12,313
	61,117		GNMA		4.000		05/15/39		64,862
	884,784		GNMA		4.500		05/15/39		956,863
	466,644		GNMA		5.000		05/15/39		515,043
	60,706		GNMA		4.000		05/20/39		64,928
	163,132		GNMA		4.500		05/20/39		176,325
	3,285,169		GNMA		5.000		05/20/39		3,638,186
	2,387,670		GNMA		4.500		06/15/39		2,579,378
	24,677		GNMA		4.500		06/15/39		26,687
	55,296		GNMA		5.000		06/15/39		61,031
	1,990,208		GNMA		5.000		06/15/39		2,225,968
	24,612		GNMA		5.000		06/15/39		27,165
	2,202,700		GNMA		5.000		06/15/39		2,466,769
	28,061		GNMA		5.000		06/15/39		30,971
	37,094		GNMA		4.000		06/20/39		39,537
	22,430		GNMA		5.000		06/20/39		24,780
	2,937,781		GNMA		4.000		07/15/39		3,117,139

132

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	3,044,492		GNMA		4.500	%	07/15/39	$	3,328,793
	39,878		GNMA		4.500		07/15/39		43,080
	78,329		GNMA		4.500		07/15/39		84,618
	30,610		GNMA		5.000		07/15/39		33,852
	371,823		GNMA		4.500		07/20/39		404,957
	330,363		GNMA		5.000		07/20/39		364,975
	30,525		GNMA		5.500		07/20/39		34,052
	142,341		GNMA		4.000		08/15/39		151,034
	463,893		GNMA		5.000		08/15/39		511,986
	35,689		GNMA		5.500		08/15/39		39,789
	113,963		GNMA		6.000		08/15/39		127,835
	102,989		GNMA		4.000		08/20/39		110,187
	88,532		GNMA		5.000		08/20/39		97,805
	60,280		GNMA		5.000		09/15/39		66,731
	121,369		GNMA		5.000		09/20/39		134,501
	30,133		GNMA		4.500		10/15/39		32,497
	16,818		GNMA		5.000		10/15/39		18,563
	36,381		GNMA		4.500		10/20/39		39,623
	69,764		GNMA		4.500		11/15/39		76,314
	53,538		GNMA		4.500		11/20/39		58,309
	63,636		GNMA		5.000		11/20/39		70,303
	1,842,434		GNMA		4.500		12/15/39		1,990,243
	100,930		GNMA		4.500		12/15/39		109,243
	53,551		GNMA		4.500		12/20/39		58,323
	1,957,795		GNMA		5.000		12/20/39		2,162,933
	1,781,931		GNMA		4.500		01/20/40		1,940,737
	25,703		GNMA		5.500		01/20/40		28,599
	1,000,864		GNMA		5.500		02/15/40		1,115,352
	117,796		GNMA		4.000		03/15/40		125,000
	28,538		GNMA		5.000		03/15/40		31,598
	18,387		GNMA		4.500		04/15/40		19,863
	377,717		GNMA		5.000		04/15/40		417,767
	74,255		GNMA		4.500		04/20/40		80,872
	11,756		GNMA		4.500		05/15/40		12,685
	322,201		GNMA		5.000		05/15/40		356,630
	684,708	i	GNMA		2.000		05/20/40		707,770
	16,397		GNMA		4.500		05/20/40		17,859
	30,447		GNMA		4.500		06/15/40		32,928
	5,897,993		GNMA		4.500		06/15/40		6,380,362
	25,081		GNMA		4.500		06/15/40		27,095
	352,003		GNMA		5.000		06/20/40		388,889
	748,337		GNMA		4.500		07/15/40		808,046
	234,334		GNMA		4.500		07/15/40		253,083
	2,623,098		GNMA		4.500		07/20/40		2,856,888
	78,352		GNMA		5.000		07/20/40		86,562
	520,777		GNMA		4.000		08/15/40		552,502
	2,143,452		GNMA		4.000		08/15/40		2,275,481
	206,812		GNMA		4.500		08/15/40		226,174
	203,476		GNMA		4.500		08/20/40		221,611
	160,207		GNMA		4.500		09/20/40		174,486
	44,068		GNMA		5.500		09/20/40		49,166
	61,778		GNMA		6.500		09/20/40		70,718

133

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	62,353		GNMA		4.000	%	10/15/40	$	66,863
	134,742		GNMA		6.000		10/20/40		153,194
	732,055		GNMA		4.000		11/15/40		781,001
	2,113,830		GNMA		4.000		11/20/40		2,263,763
	520,620		GNMA		3.500		12/15/40		541,990
	705,974		GNMA		5.500		12/20/40		785,491
	2,262,610		GNMA		4.000		01/15/41		2,401,888
	5,437,919		GNMA		4.000		01/20/41		5,823,990
	505,115		GNMA		4.000		02/15/41		536,255
	1,549,621		GNMA		4.500		02/20/41		1,687,741
	861,966		GNMA		4.500		03/15/41		932,197
	1,958,015		GNMA		4.500		04/20/41		2,132,540
	378,939		GNMA		5.000		04/20/41		418,651
	189,213	i	GNMA		4.000		06/20/41		195,779
	455,457		GNMA		4.000		07/15/41		483,305
	757,096		GNMA		4.000		07/20/41		809,998
	2,424,901		GNMA		4.500		07/20/41		2,641,047
	2,148,877		GNMA		5.000		07/20/41		2,374,054
	617,641		GNMA		4.500		08/15/41		666,777
	928,172		GNMA		5.000		08/20/41		1,025,442
	1,132,876		GNMA		4.000		09/15/41		1,202,978
	106,502	i	GNMA		3.000		09/20/41		110,603
	3,369,457		GNMA		4.000		09/20/41		3,603,515
	239,604		GNMA		4.000		10/15/41		254,353
	238,786	i	GNMA		1.625		10/20/41		248,682
	148,850	i	GNMA		3.500		10/20/41		153,215
	4,198,857		GNMA		4.000		10/20/41		4,490,819
	484,037		GNMA		5.500		10/20/41		538,542
	1,285,553		GNMA		3.500		11/15/41		1,338,528
	2,752,947		GNMA		4.000		11/15/41		2,921,927
	5,356,614		GNMA		4.500		11/20/41		5,835,186
	2,070,455		GNMA		5.000		11/20/41		2,299,432
	646,909		GNMA		6.000		11/20/41		723,766
	2,706,728		GNMA		3.500		01/20/42		2,829,282
	848,369	i	GNMA		3.000		02/20/42		877,885
	1,342,288		GNMA		3.500		03/20/42		1,403,064
	2,151,810		GNMA		4.500		03/20/42		2,343,615
	2,491,086		GNMA		3.500		04/15/42		2,593,744
	12,845,318		GNMA		3.500		05/20/42		13,426,948
	3,582,360		GNMA		3.500		05/20/42		3,754,885
	3,039,260		GNMA		4.000		05/20/42		3,246,365
	6,374,827		GNMA		3.500		07/15/42		6,640,269
	799,402	i	GNMA		1.875		07/20/42		823,175
	2,983,974		GNMA		3.500		07/20/42		3,119,089
	3,451,821		GNMA		3.000		08/20/42		3,510,950
	3,707,089		GNMA		3.500		08/20/42		3,885,378
	12,355,292		GNMA		3.500		08/20/42		12,914,746
	2,597,076		GNMA		6.000		08/20/42		2,941,246
	4,699,778		GNMA		3.500		10/20/42		4,912,588
	4,959,702		GNMA		3.000		11/20/42		5,044,659
	3,933,909		GNMA		3.000		12/20/42		3,996,665
	5,737,089		GNMA		3.000		12/20/42		5,835,362

134

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	6,098,189		GNMA		3.000	%	01/15/43	$	6,201,845
	3,528,369		GNMA		3.000		01/15/43		3,588,199
	4,361,306		GNMA		3.000		01/20/43		4,436,013
	4,050,086		GNMA		3.000		02/20/43		4,125,227
	7,355,422		GNMA		3.000		02/20/43		7,481,417
	1,472,143		GNMA		3.000		04/15/43		1,497,107
	1,641,596		GNMA		5.000		04/20/43		1,813,434
	3,014,363		GNMA		3.000		05/20/43		3,066,000
	4,675,285		GNMA		3.000		06/20/43		4,755,374
	8,340,357		GNMA		3.500		06/20/43		8,742,727
	9,950,541		GNMA		3.000		07/20/43		10,121,000
	4,959,731		GNMA		3.500		07/20/43		5,182,417
	7,271,556		GNMA		3.500		09/20/43		7,595,815
	3,174,326		GNMA		4.000		09/20/43		3,378,688
	2,836,798		GNMA		4.000		10/20/43		3,025,512
	1,393,827		GNMA		3.500		11/20/43		1,455,875
	3,470,194		GNMA		4.000		11/20/43		3,701,045
	2,838,582		GNMA		4.500		12/20/43		3,053,187
	2,967,667		GNMA		4.500		01/20/44		3,192,031
	3,610,363		GNMA		3.500		02/20/44		3,772,760
	5,734,666		GNMA		4.000		02/20/44		6,112,066
	5,864,845		GNMA		4.000		05/20/44		6,244,537
	6,057,855		GNMA		4.000		06/20/44		6,447,881
	16,006,478		GNMA		3.500		07/20/44		16,726,500
	10,081,028		GNMA		4.000		10/20/44		10,709,214
	4,996,803		GNMA		4.500		10/20/44		5,374,575
	11,828,188		GNMA		3.500		11/20/44		12,360,272
	3,555,418		GNMA		4.000		11/20/44		3,776,945
	14,595,479		GNMA		3.000		12/20/44		14,808,003
	8,549,703		GNMA		3.500		02/20/45		8,922,856
	14,413,626		GNMA		3.000		04/20/45		14,623,503
	14,646,394		GNMA		3.000		06/20/45		14,859,660
	14,733,314		GNMA		3.000		07/20/45		14,947,845
	24,295,567		GNMA		4.000		08/20/45		25,809,353
	15,000,000	h	GNMA		3.000		12/20/45		15,218,415
	15,000,000	h	GNMA		3.500		12/20/45		15,654,678
			TOTAL MORTGAGE BACKED						1,746,297,549
MUNICIPAL BONDS - 1.6%
	300,000		American Municipal Power		7.834		02/15/41		412,854
	500,000		American Municipal Power		6.270		02/15/50		581,465
	500,000		Bay Area Toll Authority		6.263		04/01/49		673,850
	720,000		Central Puget Sound Regional Transit Authority		5.491		11/01/39		878,407
	250,000		City of Chicago IL		7.375		01/01/33		264,180
	300,000		City of Chicago IL		5.432		01/01/42		255,723
	750,000		City Public Service Board of San Antonio TX		5.808		02/01/41		942,600
	150,000		Colorado Bridge Enterprise		6.078		12/01/40		187,257
	200,000		Commonwealth of Massachusetts		4.200		12/01/21		215,384
	500,000		Commonwealth of Massachusetts		5.731		06/01/40		620,755
	195,000		Commonwealth of Pennsylvania		5.850		07/15/30		220,085
	200,000		County of Clark NV		6.820		07/01/45		278,592
	350,000		Denver City & County School District No		4.242		12/15/37		346,598

135

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	200,000	District of Columbia		5.591	%	12/01/34	$	242,696
	100,000	East Baton Rouge Sewerage Commission		6.087		02/01/45		109,929
	200,000	Energy Northwest		2.814		07/01/24		198,174
	500,000	Florida Hurricane Catastrophe Fund Finance Corp		2.995		07/01/20		506,760
	46,288	Kentucky Asset Liability Commission		3.165		04/01/18		46,904
	30,000	Los Angeles Unified School District		5.750		07/01/34		36,114
	100,000	Massachusetts School Building Authority		5.715		08/15/39		121,587
	100,000	Metropolitan Government of Nashville & Davidson County		6.731		07/01/43		127,994
	940,000	Metropolitan Transportation Authority		6.648		11/15/39		1,222,799
	650,000	Metropolitan Transportation Authority		7.336		11/15/39		952,919
	500,000	Missouri Highway & Transportation Commission		5.445		05/01/33		588,395
	250,000	Municipal Electric Authority of Georgia		6.637		04/01/57		300,027
	500,000	Municipal Electric Authority of Georgia		6.655		04/01/57		593,740
	947,000	New Jersey Economic Development Authority		7.425		02/15/29		1,081,218
	335,000	New Jersey State Turnpike Authority		7.414		01/01/40		475,784
	1,000,000	New Jersey State Turnpike Authority		7.102		01/01/41		1,374,460
	800,000	New Jersey Transportation Trust Fund Authority		5.754		12/15/28		823,656
	360,000	New Jersey Transportation Trust Fund Authority		6.104		12/15/28		375,926
	700,000	New Jersey Transportation Trust Fund Authority		6.875		12/15/39		733,544
	1,100,000	New York City Municipal Water Finance Authority		5.790		06/15/41		1,211,507
	500,000	New York City Municipal Water Finance Authority		5.440		06/15/43		611,135
	600,000	New York State Dormitory Authority		5.289		03/15/33		699,744
	130,000	New York State Dormitory Authority		5.628		03/15/39		156,469
	545,000	New York State Dormitory Authority		5.600		03/15/40		657,924
	400,000	New York State Urban Development Corp		5.838		03/15/40		485,672
	100,000	Ohio State University		4.910		06/01/40		112,265
	675,000	Ohio State Water Development Authority		4.879		12/01/34		758,410
	750,000	Oregon School Boards Association		4.759		06/30/28		825,142
	250,000	Oregon School Boards Association		5.680		06/30/28		297,580
	100,000	Oregon State Department of Transportation		5.834		11/15/34		126,981
	200,000	Port Authority of New York & New Jersey		6.040		12/01/29		242,238
	500,000	Port Authority of New York & New Jersey		5.647		11/01/40		591,195
	300,000	Port Authority of New York & New Jersey		4.823		06/01/45		307,281
	1,000,000	Port Authority of New York & New Jersey		5.310		08/01/46		1,056,760
	200,000	Port Authority of New York & New Jersey		4.810		10/15/65		203,346
	100,000	Salt River Project Agricultural Improvement & Power District		4.839		01/01/41		114,270
	800,000	Santa Clara Valley Transportation Authority		5.876		04/01/32		962,528
	200,000	State of California		1.050		02/01/16		200,114
	300,000	State of California		5.750		03/01/17		316,149
	600,000	State of California		6.200		10/01/19		688,116
	645,000	State of California		5.700		11/01/21		756,649
	250,000	State of California		7.500		04/01/34		348,842
	285,000	State of California		7.550		04/01/39		413,965
	3,400,000	State of California		7.300		10/01/39		4,758,606
	2,740,000	State of California		7.625		03/01/40		3,990,180
	300,000	State of Connecticut		5.090		10/01/30		330,765
	620,000	State of Connecticut		5.850		03/15/32		730,819
	1,045,000	State of Illinois		4.961		03/01/16		1,051,469
	4,450,000	State of Illinois		5.100		06/01/33		4,208,142
	1,295,000	State of Illinois		6.725		04/01/35		1,352,304
	500,000	State of Illinois		5.650		12/01/38		468,405

136

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	500,000	State of Kansas Department of Transportation		4.596	%	09/01/35	$	544,560
	300,000	State of Oregon		5.762		06/01/23		344,271
	600,000	State of Texas		4.631		04/01/33		662,634
	50,000	State of Texas		5.517		04/01/39		62,530
	1,000,000	State of Texas		4.681		04/01/40		1,115,010
	575,000	State of Texas Transportation Commission		5.028		04/01/26		657,524
	500,000	State of Utah		3.539		07/01/25		525,775
	200,000	State of Washington		5.090		08/01/33		229,124
	604,000	State Public School Building Authority		5.000		09/15/27		648,944
	2,000,000	Tennessee Valley Authority		4.500		04/01/18		2,142,610
	300,000	Tennessee Valley Authority		1.750		10/15/18		303,070
	750,000	Tennessee Valley Authority		3.875		02/15/21		819,039
	750,000	Tennessee Valley Authority		2.875		09/15/24		754,155
	500,000	Tennessee Valley Authority		5.880		04/01/36		642,389
	500,000	Tennessee Valley Authority		5.500		06/15/38		619,035
	300,000	Tennessee Valley Authority		3.500		12/15/42		277,079
	1,750,000	Tennessee Valley Authority		4.625		09/15/60		1,829,118
	300,000	Tennessee Valley Authority		4.250		09/15/65		293,127
	500,000	University of California		1.796		07/01/19		500,335
	200,000	University of California		5.770		05/15/43		245,068
	200,000	University of California		3.931		05/15/45		193,766
	200,000	University of California		4.131		05/15/45		196,952
	860,000	University of California		4.858		05/15/12		817,318
	200,000	University of California		4.767		05/15/15		189,602
	100,000	University of Pennsylvania		4.674		09/01/12		100,400
	200,000	University of Southern California		5.250		10/01/11		226,019
	700,000	University of Texas		4.794		08/15/46		798,140
	150,000	Virginia Commonwealth Transportation Board		5.350		05/15/35		170,934
		TOTAL MUNICIPAL BONDS						60,733,876
U.S. TREASURY SECURITIES - 36.0%
	9,000,000	United States Treasury Bond		5.250		11/15/28		11,760,417
	26,060,000	United States Treasury Bond		5.250		02/15/29		34,144,620
	16,250,000	United States Treasury Bond		4.500		02/15/36		20,797,367
	4,644,000	United States Treasury Bond		4.375		02/15/38		5,850,674
	36,983,000	United States Treasury Bond		3.500		02/15/39		40,829,121
	850,000	United States Treasury Bond		4.375		11/15/39		1,066,820
	12,585,000	United States Treasury Bond		3.875		08/15/40		14,685,248
	11,185,000	United States Treasury Bond		4.250		11/15/40		13,801,809
	26,350,000	United States Treasury Bond		4.375		05/15/41		33,191,013
	10,000,000	United States Treasury Bond		3.750		08/15/41		11,464,530
	4,300,000	United States Treasury Bond		3.125		11/15/41		4,433,270
	4,550,000	United States Treasury Bond		3.125		02/15/42		4,688,356
	10,000,000	United States Treasury Bond		3.000		05/15/42		10,040,800
	10,000,000	United States Treasury Bond		2.750		08/15/42		9,537,910
	4,000,000	United States Treasury Bond		2.750		11/15/42		3,805,844
	10,250,000	United States Treasury Bond		2.875		05/15/43		9,973,065
	6,500,000	United States Treasury Bond		3.625		08/15/43		7,306,182
	2,000,000	United States Treasury Bond		3.750		11/15/43		2,299,202
	7,615,000	United States Treasury Bond		3.625		02/15/44		8,549,894
	2,500,000	United States Treasury Bond		3.375		05/15/44		2,677,825
	14,000,000	United States Treasury Bond		3.125		08/15/44		14,279,874

137

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	16,750,000	United States Treasury Bond		3.000	%	11/15/44	$	16,656,435
	8,000,000	United States Treasury Bond		2.500		02/15/45		7,163,152
	22,000,000	United States Treasury Bond		3.000		05/15/45		21,857,308
	16,000,000	United States Treasury Bond		2.875		08/15/45		15,509,376
	15,000,000	United States Treasury Bond		3.000		11/15/45		14,926,680
	62,000,000	United States Treasury Note		0.500		06/15/16		61,995,040
	20,000,000	United States Treasury Note		0.500		08/31/16		19,977,060
	14,000,000	United States Treasury Note		1.000		08/31/16		14,028,980
	14,200,000	United States Treasury Note		1.000		09/30/16		14,228,826
	27,000,000	United States Treasury Note		0.625		11/15/16		26,964,090
	173,000	United States Treasury Note		4.625		11/15/16		178,744
	278,400	United States Treasury Note		7.500		11/15/16		294,495
	8,000,000	United States Treasury Note		0.500		11/30/16		7,978,632
	15,250,000	United States Treasury Note		0.875		11/30/16		15,259,318
	50,300,000	United States Treasury Note		0.875		01/31/17		50,305,382
	61,750,000	United States Treasury Note		0.750		10/31/17		61,426,060
	31,000,000	United States Treasury Note		0.750		12/31/17		30,793,075
	8,044,000	United States Treasury Note		2.750		12/31/17		8,305,325
	21,000,000	United States Treasury Note		0.875		01/31/18		20,897,016
	8,127,000	United States Treasury Note		2.625		01/31/18		8,380,749
	31,000,000	United States Treasury Note		0.750		02/28/18		30,738,546
	23,000,000	United States Treasury Note		0.750		03/31/18		22,796,197
	6,172,000	United States Treasury Note		2.625		04/30/18		6,381,373
	6,266,000	United States Treasury Note		3.875		05/15/18		6,669,136
	72,000,000	United States Treasury Note		1.000		05/31/18		71,639,424
	7,862,000	United States Treasury Note		2.375		05/31/18		8,085,485
	7,000,000	United States Treasury Note		1.375		06/30/18		7,028,686
	15,000,000	United States Treasury Note		1.375		07/31/18		15,059,715
	13,065,000	United States Treasury Note		2.250		07/31/18		13,409,132
	40,350,000	United States Treasury Note		1.500		08/31/18		40,624,622
	22,000,000	United States Treasury Note		1.375		09/30/18		22,072,094
	28,000,000	United States Treasury Note		1.250		10/31/18		27,964,412
	1,681,000	United States Treasury Note		9.000		11/15/18		2,045,036
	33,500,000	United States Treasury Note		1.250		11/30/18		33,448,276
	25,000,000	United States Treasury Note		1.500		12/31/18		25,117,275
	25,000,000	United States Treasury Note		1.500		01/31/19		25,091,900
	2,802,400	United States Treasury Note		2.750		02/15/19		2,920,913
	30,000,000	United States Treasury Note		1.500		02/28/19		30,099,840
	36,000,000	United States Treasury Note		1.625		03/31/19		36,231,480
	40,750,000	United States Treasury Note		1.500		05/31/19		40,795,273
	40,000,000	United States Treasury Note		1.625		06/30/19		40,187,320
	18,000,000	United States Treasury Note		1.625		07/31/19		18,066,024
	50,500,000	United States Treasury Note		1.625		08/31/19		50,653,873
	38,500,000	United States Treasury Note		1.750		09/30/19		38,768,383
	29,000,000	United States Treasury Note		1.500		10/31/19		28,914,885
	57,000,000	United States Treasury Note		1.500		11/30/19		56,783,970
	33,500,000	United States Treasury Note		1.625		12/31/19		33,508,409
	36,500,000	United States Treasury Note		1.250		01/31/20		35,944,653
	78,500,000	United States Treasury Note		1.375		02/29/20		77,613,578
	5,000,000	United States Treasury Note		1.375		03/31/20		4,939,465
	20,000,000	United States Treasury Note		1.375		04/30/20		19,745,460
	50,000,000	United States Treasury Note		1.500		05/31/20		49,579,450

138

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	45,000,000	United States Treasury Note		1.625	%	06/30/20	$	44,826,210
	22,500,000	United States Treasury Note		1.625		07/31/20		22,398,255
	4,000,000	United States Treasury Note		2.000		07/31/20		4,047,072
	5,342,000	United States Treasury Note		2.625		08/15/20		5,551,091
	34,000,000	United States Treasury Note		1.375		08/31/20		33,463,072
	30,000,000	United States Treasury Note		1.375		09/30/20		29,488,890
	6,000,000	United States Treasury Note		2.000		09/30/20		6,066,930
	40,000,000	United States Treasury Note		1.375		10/31/20		39,303,160
	50,000,000	United States Treasury Note		1.625		11/30/20		49,716,650
	5,000,000	United States Treasury Note		2.000		11/30/20		5,052,120
	40,000,000	United States Treasury Note		1.750		12/31/20		39,967,800
	5,900,000	United States Treasury Note		3.625		02/15/21		6,416,026
	10,000,000	United States Treasury Note		2.000		02/28/21		10,086,160
	27,610,000	United States Treasury Note		2.125		08/15/21		27,943,943
	2,070,000	United States Treasury Note		2.000		11/15/21		2,076,512
	13,379,100	United States Treasury Note		8.000		11/15/21		17,876,070
	5,000,000	United States Treasury Note		1.750		02/28/22		4,929,615
	3,000,000	United States Treasury Note		1.750		03/31/22		2,954,205
	5,000,000	United States Treasury Note		2.000		07/31/22		4,986,940
	10,500,000	United States Treasury Note		1.625		11/15/22		10,200,015
	12,000,000	United States Treasury Note		2.500		08/15/23		12,311,412
	13,000,000	United States Treasury Note		2.750		11/15/23		13,566,839
	26,000,000	United States Treasury Note		2.500		05/15/24		26,566,046
	6,000,000	United States Treasury Note		2.375		08/15/24		6,062,136
	55,005,000	United States Treasury Note		2.250		11/15/24		54,972,767
	14,000,000	United States Treasury Note		2.000		02/15/25		13,684,286
	37,000,000	United States Treasury Note		2.125		05/15/25		36,514,967
	37,000,000	United States Treasury Note		2.000		08/15/25		36,074,408
	34,000,000	United States Treasury Note		2.250		11/15/25		33,923,908
		TOTAL U.S. TREASURY SECURITIES						2,206,261,374
		TOTAL GOVERNMENT BONDS						4,420,006,311
		(Cost $4,392,161,311)
STRUCTURED ASSETS - 1.8%
ASSET BACKED - 1.0%
	142,033	AmeriCredit Automobile Receivables Trust		2.670		01/08/18		142,222
		Series - 2012 1 (Class C)
	300,000	AmeriCredit Automobile Receivables Trust		1.790		03/08/19		300,253
		Series - 2013 2 (Class C)
	500,000	AmeriCredit Automobile Receivables Trust		2.420		05/08/19		501,348
		Series - 2013 2 (Class D)
	150,000	AmeriCredit Automobile Receivables Trust		2.380		06/10/19		150,825
		Series - 2013 3 (Class C)
	3,000,000	AmeriCredit Automobile Receivables Trust		2.510		01/08/21		2,976,999
		Series - 2015 1 (Class C)
	500,000	Capital Auto Receivables Asset Trust		2.190		09/20/21		498,536
		Series - 0 1 (Class D)
	1,250,000	Capital One Multi-Asset Execution Trust		5.050		12/17/18		1,255,999
		Series - 2006 A3 (Class A3)
	1,000,000	Capital One Multi-Asset Execution Trust		1.480		07/15/20		1,000,122
		Series - 2014 A5 (Class A)

139

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	660,000		Capital One Multi-Asset Execution Trust		5.750	%	07/15/20	$	705,341
			Series - 2007 A7 (Class A7)
	505,601		CenterPoint Energy Transition		3.460		08/15/19		517,518
			Series - 0 1 (Class A2)
	500,000		CenterPoint Energy Transition Bond Co II LLC		5.302		08/01/20		545,677
			Series - 2005 A (Class A5)
	600,000		CenterPoint Energy Transition Bond Co LLC		2.161		10/15/21		603,949
			Series - 2012 1 (Class A2)
	395,000		Chase Issuance Trust		1.010		10/15/18		394,635
			Series - 2013 A8 (Class A8)
	1,000,000		Chase Issuance Trust		1.150		01/15/19		999,196
			Series - 2014 A1 (Class A)
	1,000,000		Chase Issuance Trust		2.770		03/15/23		1,015,731
			Series - 2014 A2 (Class A2)
	1,000,000		Chase Issuance Trust		2.160		09/16/24		971,364
			Series - 2012 A7 (Class A7)
	750,000		CitiBank Credit Card Issuance Trust		5.650		09/20/19		801,143
			Series - 2007 A8 (Class A8)
	310,000		CitiBank Credit Card Issuance Trust		5.350		02/07/20		333,436
			Series - 2008 A1 (Class A1)
	1,000,000		CitiBank Credit Card Issuance Trust		2.150		07/15/21		1,004,958
			Series - 2014 A6 (Class A6)
	2,000,000		CitiBank Credit Card Issuance Trust		2.880		01/23/23		2,042,175
			Series - 0 A1 (Class A1)
	1,250,000		CSAIL Commercial Mortgage Trust		2.970		04/15/50		1,270,819
			Series - 2015 C1 (Class A2)
	1,000,000		Discover Card Execution Note Trust		2.120		12/15/21		1,003,585
			Series - 2014 A4 (Class A4)
	3,000,000		Discover Card Master Trust		5.650		03/16/20		3,207,448
			Series - 2007 A1 (Class A1)
	172,840		FHLMC Multifamily Structured Pass Through Certificates		3.342		12/25/19		177,332
			Series - 2010 K007 (Class A1)
	3,019,553		FHLMC Multifamily Structured Pass Through Certificates		1.459		09/25/21		2,971,600
			Series - 2012 K019 (Class A1)
	3,000,000		FHLMC Multifamily Structured Pass Through Certificates		2.307		08/25/22		2,948,905
			Series - 2012 K023 (Class A2)
	437,636		FHLMC Multifamily Structured Pass Through Certificates		2.779		09/25/22		449,333
			Series - 2013 K030 (Class A1)
	500,000		FHLMC Multifamily Structured Pass Through Certificates		2.510		11/25/22		496,188
			Series - 2013 K026 (Class A2)
	500,000		FHLMC Multifamily Structured Pass Through Certificates		2.637		01/25/23		499,074
			Series - 2013 K027 (Class A2)
	93,528		FHLMC Multifamily Structured Pass Through Certificates		2.669		02/25/23		95,650
			Series - 2013 K034 (Class A1)
	3,000,000	i	FHLMC Multifamily Structured Pass Through Certificates		3.060		07/25/23		3,059,543
			Series - 2013 K033 (Class A2)
	500,000	i	FHLMC Multifamily Structured Pass Through Certificates		3.531		07/25/23		525,266
			Series - 2013 K034 (Class A2)

140

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,500,000	i	FHLMC Multifamily Structured Pass Through Certificates		3.527	%	10/25/23	$	1,571,235
			Series - 2014 K036 (Class A2)
	3,000,000		FHLMC Multifamily Structured Pass Through Certificates		3.023		01/25/25		3,002,733
			Series - 2015 K045 (Class A2)
	79,444		Ford Credit Auto Owner Trust		0.550		07/15/17		79,414
			Series - 2013 2013-A (Class A3)
	820,000		Ford Credit Auto Owner Trust		1.320		01/15/19		815,226
			Series - 2013 2013-B (Class C)
	500,000		Ford Credit Auto Owner Trust		1.820		11/15/19		501,563
			Series - 2013 2013-B (Class D)
	1,900,000		GE Capital Credit Card Master Note Trust		1.360		08/17/20		1,890,502
			Series - 2012 6 (Class A)
	227,000		Hyundai Auto Receivables Trust		2.100		11/15/19		224,757
			Series - 2014 B (Class C)
	2,000,000		Hyundai Auto Receivables Trust		2.300		07/15/22		1,969,479
			Series - 2015 B (Class C)
	134,230		Nissan Auto Receivables Owner Trust		1.000		07/16/18		134,261
			Series - 2012 A (Class A4)
	7,585	i	Residential Asset Securities Corp		6.489		10/25/30		7,637
			Series - 2001 KS2 (Class AI6)
	15,000	i	Residential Funding Mortgage Securities II, Inc		6.060		02/25/36		15,603
			Series - 2006 HI1 (Class M2)
	200,000		Santander Drive Auto Receivables Trust		3.300		09/17/18		202,737
			Series - 2012 2012-5 (Class D)
	1,500,000		Santander Drive Auto Receivables Trust		2.270		01/15/19		1,500,191
			Series - 2013 2013-1 (Class D)
	300,000		Santander Drive Auto Receivables Trust		1.950		03/15/19		300,571
			Series - 2013 2013-2 (Class C)
	2,000,000		Santander Drive Auto Receivables Trust		2.360		04/15/20		2,003,049
			Series - 2014 2014-1 (Class C)
	572,000		Santander Drive Auto Receivables Trust		2.460		06/15/20		573,675
			Series - 2014 5 (Class C)
	103,315		Toyota Auto Receivables Owner Trust		0.670		12/15/17		103,095
			Series - 2014 A (Class A3)
	93,552		Volkswagen Auto Loan Enhanced Trust		0.660		03/20/19		93,164
			Series - 2012 2 (Class A4)
	15,000	g	Vornado DP LLC		4.004		09/13/28		15,821
			Series - 2010 VNO (Class A2FX)
	1,060,000		World Omni Auto Receivables Trust		1.680		12/15/20		1,053,408
			Series - 2014 B (Class A4)
			TOTAL ASSET BACKED						49,524,291
OTHER MORTGAGE BACKED - 0.8%
	93,585	i	Banc of America Commercial Mortgage, Inc		5.889		07/10/44		94,079
			Series - 2006 3 (Class A4)
	450,000		Banc of America Commercial Mortgage, Inc		5.356		10/10/45		455,590
			Series - 2006 6 (Class A4)
	1,254,042		Bear Stearns Commercial Mortgage Securities		5.201		12/11/38		1,278,222
			Series - 2006 PW14 (Class A4)
	157,859	i	Bear Stearns Commercial Mortgage Securities		5.722		06/11/40		161,595
			Series - 2007 PW16 (Class A4)
	432,166		Bear Stearns Commercial Mortgage Securities		5.537		10/12/41		437,870
			Series - 2006 T24 (Class A4)
	970,205	i	Bear Stearns Commercial Mortgage Securities		5.694		06/11/50		1,011,854
			Series - 2007 PW17 (Class A4)

141

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	500,000		Bear Stearns Commercial Mortgage Securities		5.700	%	06/11/50	$	521,203
			Series - 2007 PW18 (Class A4)
	750,000		Citigroup Commercial Mortgage Trust		1.987		04/10/46		748,141
			Series - 2013 2013-GC11 (Class A2)
	1,053,000		Citigroup Commercial Mortgage Trust		3.422		04/10/46		1,058,458
			Series - 2013 2013-GC11 (Class AS)
	255,000		Citigroup Commercial Mortgage Trust		4.023		03/10/47		267,568
			Series - 2014 2014-GC19 (Class A4)
	500,000		Citigroup Commercial Mortgage Trust		3.635		10/10/47		508,293
			Series - 2014 2014-GC25 (Class A4)
	1,000,000		Citigroup Commercial Mortgage Trust		3.137		02/10/48		975,927
			Series - 2015 GC27 (Class A5)
	1,000,000		Citigroup Commercial Mortgage Trust		3.571		02/10/48		982,734
			Series - 2015 GC27 (Class AS)
	641,632	i	Citigroup Commercial Mortgage Trust		6.137		12/10/49		674,619
			Series - 2008 2008-C7 (Class A4)
	522,351		Citigroup Commercial Mortgage Trust		5.322		12/11/49		531,128
			Series - 2007 2007-CD4 (Class A4)
	1,500,000		COMM 2015-LC23 Mortgage Trust		3.221		10/10/53		1,537,814
			Series - 2015 LC23 (Class A2)
	1,500,000		COMM 2015-LC23 Mortgage Trust		3.774		10/10/53		1,527,843
			Series - 2015 LC23 (Class A4)
	2,000,000		COMM Mortgage Trust		3.039		12/10/18		2,045,029
			Series - 2013 CR13 (Class A2)
	662,290		COMM Mortgage Trust		2.256		12/10/44		665,206
			Series - 2012 LC4 (Class A2)
	580,000		COMM Mortgage Trust		4.063		12/10/44		609,102
			Series - 2012 LC4 (Class AM)
	500,000		COMM Mortgage Trust		2.752		08/15/45		502,203
			Series - 2012 CR2 (Class ASB)
	749,000		COMM Mortgage Trust		1.906		01/10/46		747,579
			Series - 2013 LC6 (Class A2)
	400,000		COMM Mortgage Trust		2.941		01/10/46		397,838
			Series - 2013 LC6 (Class A4)
	524,000		COMM Mortgage Trust		3.213		03/10/46		526,991
			Series - 0 CR7 (Class A4)
	317,511	i	COMM Mortgage Trust		5.768		06/10/46		320,125
			Series - 2006 C7 (Class A4)
	1,000,000		COMM Mortgage Trust		4.046		10/10/46		1,055,163
			Series - 2013 CR12 (Class A4)
	500,000		COMM Mortgage Trust		4.258		10/10/46		534,369
			Series - 2013 CR11 (Class A4)
	1,000,000		COMM Mortgage Trust		2.928		02/10/47		1,016,103
			Series - 2014 CR15 (Class A2)
	500,000		COMM Mortgage Trust		3.961		03/10/47		518,545
			Series - 2014 A5 (Class A5)
	970,362		COMM Mortgage Trust		2.840		04/10/47		986,648
			Series - 2014 LC15 (Class A2)
	1,000,000		COMM Mortgage Trust		4.051		04/10/47		1,051,195
			Series - 2014 CR16 (Class A4)
	1,000,000		COMM Mortgage Trust		3.819		06/10/47		1,029,181
			Series - 2014 UBS3 (Class A4)

142

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000		COMM Mortgage Trust		3.694	%	08/10/47	$	1,015,943
			Series - 2014 UBS4 (Class A5)
	1,000,000		COMM Mortgage Trust		3.590		11/10/47		1,013,182
			Series - 2014 CR20 (Class A4)
	1,000,000		COMM Mortgage Trust		4.339		12/10/47		1,027,080
			Series - 2014 CR21 (Class B)
	1,000,000	i	COMM Mortgage Trust		4.263		02/10/48		957,507
			Series - 2015 LC19 (Class C)
	1,000,000		COMM Mortgage Trust		3.759		08/10/48		1,019,720
			Series - 2015 CR25 (Class A4)
	254,865	i	COMM Mortgage Trust		5.796		12/10/49		264,354
			Series - 2007 C9 (Class A4)
	300,000	i	COMM Mortgage Trust		6.044		12/10/49		314,645
			Series - 2008 LS1 (Class ASM)
	149,814		Credit Suisse Mortgage Capital Certificates		5.467		09/15/39		151,395
			Series - 2006 C4 (Class A3)
	2,100,000		Credit Suisse Mortgage Capital Certificates		5.509		09/15/39		2,139,210
			Series - 2006 C4 (Class AM)
	464,175		Greenwich Capital Commercial Funding Corp		5.444		03/10/39		474,502
			Series - 2007 GG9 (Class A4)
	1,609,066		Greenwich Capital Commercial Funding Corp		5.736		12/10/49		1,660,050
			Series - 2007 GG11 (Class A4)
	8,656	i	GS Mortgage Securities Corp II		5.622		04/10/38		8,649
			Series - 2006 GG6 (Class AM)
	434,000		GS Mortgage Securities Corp II		3.314		01/10/45		447,477
			Series - 0 GC6 (Class AAB)
	300,000		GS Mortgage Securities Corp II		2.943		02/10/46		296,244
			Series - 2013 GC10 (Class A5)
	300,000		GS Mortgage Securities Corp II		3.279		02/10/46		297,486
			Series - 2013 GC10 (Class AS)
	1,731,000		GS Mortgage Securities Trust		3.707		08/10/44		1,815,192
			Series - 2011 GC5 (Class A4)
	500,000		GS Mortgage Securities Trust		3.482		01/10/45		516,484
			Series - 2012 GC6 (Class A3)
	195,000		GS Mortgage Securities Trust		4.740		05/10/45		207,628
			Series - 0 GCJ7 (Class B)
	250,000		GS Mortgage Securities Trust		1.840		02/10/46		250,021
			Series - 2013 GC10 (Class A2)
	500,000		GS Mortgage Securities Trust		3.135		06/10/46		498,881
			Series - 2013 GC12 (Class A4)
	511,000		GS Mortgage Securities Trust		3.813		11/10/46		532,720
			Series - 2013 GC16 (Class AAB)
	200,000		GS Mortgage Securities Trust		2.924		01/10/47		203,579
			Series - 2014 GC18 (Class A2)
	1,000,000		GS Mortgage Securities Trust		4.074		01/10/47		1,052,874
			Series - 2014 GC18 (Class A4)
	1,500,000		GS Mortgage Securities Trust		3.964		11/10/47		1,539,518
			Series - 2014 GC26 (Class AS)
	1,900,000		GS Mortgage Securities Trust		3.136		02/10/48		1,869,553
			Series - 2015 GC28 (Class A4)
	90,000	g	JP Morgan Chase Commercial Mortgage Securities Corp		5.633		12/05/27		100,171
			Series - 2009 IWST (Class A2)

143

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	14,737		JP Morgan Chase Commercial Mortgage Securities Corp		5.115	%	07/15/41	$	14,736
			Series - 2004 LN2 (Class A2)
	1,072,012		JP Morgan Chase Commercial Mortgage Securities Corp		5.429		12/12/43		1,089,948
			Series - 2006 CB17 (Class A4)
	200,000	i	JP Morgan Chase Commercial Mortgage Securities Corp		5.909		04/15/45		201,902
			Series - 2006 LDP7 (Class AM)
	300,000	i	JP Morgan Chase Commercial Mortgage Securities Corp		5.192		05/15/45		307,490
			Series - 2012 C6 (Class D)
	300,000		JP Morgan Chase Commercial Mortgage Securities Corp		3.483		06/15/45		308,650
			Series - 2012 CBX (Class A4)
	500,000	i	JP Morgan Chase Commercial Mortgage Securities Corp		3.994		01/15/46		524,460
			Series - 2013 C13 (Class A4)
	500,000		JP Morgan Chase Commercial Mortgage Securities Corp		1.855		04/15/46		496,815
			Series - 2013 LC11 (Class A2)
	500,000		JP Morgan Chase Commercial Mortgage Securities Corp		4.171		08/15/46		532,463
			Series - 2011 C5 (Class A3)
	500,000		JP Morgan Chase Commercial Mortgage Securities Corp		4.166		12/15/46		531,420
			Series - 2013 C16 (Class A4)
	1,409,852		JP Morgan Chase Commercial Mortgage Securities Corp		5.336		05/15/47		1,435,872
			Series - 2006 LDP9 (Class A3)
	856,480		JP Morgan Chase Commercial Mortgage Securities Corp		5.440		06/12/47		877,010
			Series - 2007 CB18 (Class A4)
	413,000		JP Morgan Chase Commercial Mortgage Securities Corp		2.702		12/15/47		412,532
			Series - 2013 C10 (Class ASB)
	300,000		JP Morgan Chase Commercial Mortgage Securities Corp		2.840		12/15/47		295,682
			Series - 2012 LC9 (Class A5)
	500,000		JP Morgan Chase Commercial Mortgage Securities Corp		3.143		12/15/47		499,855
			Series - 2013 C10 (Class A5)
	574,000		JP Morgan Chase Commercial Mortgage Securities Corp		3.372		12/15/47		571,906
			Series - 2013 C10 (Class AS)
	301,849	i	JP Morgan Chase Commercial Mortgage Securities Corp		5.774		06/15/49		302,545
			Series - 2007 LD11 (Class A3)
	860,000	i	JP Morgan Chase Commercial Mortgage Securities Corp		5.774		06/15/49		876,990
			Series - 2007 LD11 (Class A4)
	500,000		JPMBB Commercial Mortgage Securities Trust		3.801		09/15/47		511,901
			Series - 2014 C22 (Class A4)
	1,500,000		JPMBB Commercial Mortgage Securities Trust		2.940		11/15/47		1,525,534
			Series - 2014 C24 (Class A2)
	2,000,000	i	JPMBB Commercial Mortgage Securities Trust		3.770		12/15/48		2,039,390
			Series - 2015 C33 (Class A4)
	123,620		LB-UBS Commercial Mortgage Trust		5.372		09/15/39		125,409
			Series - 2006 C6 (Class A4)
	200,000	i	LB-UBS Commercial Mortgage Trust		5.452		09/15/39		201,235
			Series - 2006 C6 (Class AJ)
	1,331,477		LB-UBS Commercial Mortgage Trust		5.424		02/15/40		1,361,953
			Series - 2007 C1 (Class A4)
	787,872		LB-UBS Commercial Mortgage Trust		5.430		02/15/40		808,558
			Series - 2007 C2 (Class A3)
	600,000	i	LB-UBS Commercial Mortgage Trust		6.114		07/15/40		626,588
			Series - 2007 C6 (Class AM)
	294,606	i	LB-UBS Commercial Mortgage Trust		5.866		09/15/45		309,158
			Series - 2007 C7 (Class A3)

144

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	139,317	i	Merrill Lynch Mortgage Trust		5.666	%	05/12/39	$	139,462
			Series - 2006 C1 (Class A4)
	44,898	i	Merrill Lynch Mortgage Trust		5.836		06/12/50		44,863
			Series - 2007 C1 (Class A3)
	164,000		Morgan Stanley Bank of America Merrill Lynch Trust		2.506		11/15/45		163,535
			Series - 2012 2012-C6 (Class A3)
	60,000		Morgan Stanley Bank of America Merrill Lynch Trust		2.918		02/15/46		59,345
			Series - 2013 2013-C7 (Class A4)
	750,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.102		05/15/46		746,957
			Series - 2013 2013-C9 (Class A4)
	500,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.456		05/15/46		501,510
			Series - 2013 2013-C9 (Class AS)
	240,000	i	Morgan Stanley Bank of America Merrill Lynch Trust		3.708		05/15/46		236,797
			Series - 2013 2013-C9 (Class B)
	200,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.824		10/15/46		209,350
			Series - 2013 2013-C12 (Class ASB)
	400,000		Morgan Stanley Bank of America Merrill Lynch Trust		2.916		02/15/47		407,526
			Series - 2014 2014-C14 (Class A2)
	567,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.669		02/15/47		586,749
			Series - 2014 2014-C14 (Class A3)
	1,250,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.654		04/15/47		1,297,020
			Series - 2014 2014-C15 (Class ASB)
	2,000,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.892		06/15/47		2,081,288
			Series - 2014 2014-C16 (Class A5)
	3,500,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.249		02/15/48		3,446,522
			Series - 2015 C20 (Class A4)
	1,000,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.732		05/15/48		1,019,630
			Series - 2015 C24 (Class A4)
	590,000		Morgan Stanley Capital I		5.364		03/15/44		605,602
			Series - 2007 IQ13 (Class A4)
	138,445	i	Morgan Stanley Capital I		5.731		07/12/44		139,289
			Series - 2006 HQ9 (Class A4)
	250,000		Morgan Stanley Capital I		2.111		03/15/45		250,677
			Series - 2012 C4 (Class A2)
	1,250,000		Morgan Stanley Capital I		3.244		03/15/45		1,275,686
			Series - 2012 C4 (Class A4)
	1,550,000	i	Morgan Stanley Capital I		5.692		04/15/49		1,589,664
			Series - 2007 IQ14 (Class A4)
	205,000	i	Morgan Stanley Capital I		5.544		11/12/49		211,099
			Series - 2007 T25 (Class AM)
	1,487,507		Morgan Stanley Capital I		5.809		12/12/49		1,553,770
			Series - 2007 IQ16 (Class A4)
	182,555		Morgan Stanley Capital I		4.770		07/15/56		183,708
			Series - 0 IQ9 (Class AJ)
	680,186		Morgan Stanley Capital I Trust		5.569		12/15/44		707,767
			Series - 2007 HQ13 (Class A3)
	244,213	i	TIAA Seasoned Commercial Mortgage Trust		5.510		08/15/39		244,982
			Series - 2007 C4 (Class AJ)
	1,500,000		UBS Barclays Commercial Mortgage Trust		3.185		03/10/46		1,505,492
			Series - 2013 C5 (Class A4)
	500,000		UBS Barclays Commercial Mortgage Trust		3.244		04/10/46		501,154
			Series - 0 C6 (Class A4)

145

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000		UBS Barclays Commercial Mortgage Trust		3.525	%	05/10/63	$	1,023,190
			Series - 2012 C2 (Class A4)
	400,000		UBS Citigroup Commercial Mortgage Trust		3.595		01/10/45		416,498
			Series - 2011 C1 (Class A3)
	100,000		UBS Commercial Mortgage Trust		4.822		05/10/45		105,312
			Series - 2012 C1 (Class B)
	100,000		Wachovia Bank Commercial Mortgage Trust		5.342		12/15/43		102,276
			Series - 2007 2007-C30 (Class A5)
	87,975	i	Wachovia Bank Commercial Mortgage Trust		5.515		01/15/45		87,894
			Series - 2006 2006-C23 (Class AJ)
	725,769		Wachovia Bank Commercial Mortgage Trust		5.678		05/15/46		751,666
			Series - 2007 2007-C34 (Class A3)
	300,000	i	Wachovia Bank Commercial Mortgage Trust		5.603		10/15/48		306,492
			Series - 2006 2006-C28 (Class AM)
	1,152,802	i	Wachovia Bank Commercial Mortgage Trust		5.952		02/15/51		1,191,602
			Series - 2007 2007-C33 (Class A4)
	200,000	i	Wachovia Bank Commercial Mortgage Trust		5.952		02/15/51		210,991
			Series - 2007 2007-C33 (Class A5)
	2,000,000		Wells Fargo Commercial Mortgage Trust 2015-C31		3.695		11/15/48		2,027,880
			Series - 2015 C31 (Class A4)
	250,000	i	WF-RBS Commercial Mortgage Trust		4.838		06/15/45		258,369
			Series - 0 C7 (Class C)
	400,000		WF-RBS Commercial Mortgage Trust		3.001		08/15/45		399,829
			Series - 2012 C8 (Class A3)
	775,000		WF-RBS Commercial Mortgage Trust		3.241		12/15/45		770,960
			Series - 2012 C10 (Class AS)
	600,000		WF-RBS Commercial Mortgage Trust		3.337		06/15/46		605,663
			Series - 2013 C14 (Class A5)
	500,000	i	WF-RBS Commercial Mortgage Trust		4.646		03/15/47		494,583
			Series - 2014 C19 (Class C)
	1,000,000	i	WF-RBS Commercial Mortgage Trust		4.723		03/15/47		1,047,732
			Series - 2014 C19 (Class B)
	3,000,000		WF-RBS Commercial Mortgage Trust		3.635		05/15/47		3,091,658
			Series - 2014 C20 (Class A3)
	123,258		WF-RBS Commercial Mortgage Trust		0.735		03/15/48		122,614
			Series - 2013 C12 (Class A1)
	500,000		WF-RBS Commercial Mortgage Trust		3.198		03/15/48		501,446
			Series - 2013 C12 (Class A4)
			TOTAL OTHER MORTGAGE BACKED						94,468,381
			TOTAL STRUCTURED ASSETS						143,992,672
			(Cost $144,900,899)
			TOTAL BONDS						6,069,207,895
			(Cost $6,062,461,218)
SHORT-TERM INVESTMENTS - 1.6%
GOVERNMENT AGENCY DEBT - 0.8%
	25,000,000		Federal Home Loan Bank (FHLB)		0.210		01/25/16		24,997,800
	24,000,000		FHLB		0.250		02/24/16		23,991,504
			TOTAL GOVERNMENT AGENCY DEBT						48,989,304

146

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
TREASURY DEBT - 0.8%
$	50,000,000	United States Treasury Bill		0.132	%	01/28/16	$	49,995,650
		TOTAL TREASURY DEBT						49,995,650
		TOTAL SHORT-TERM INVESTMENTS						98,984,954
		(Cost $98,982,372)
		TOTAL INVESTMENTS - 101.0%						6,168,192,849
		(Cost $6,161,443,590)
		OTHER ASSETS & LIABILITIES, NET - (1.0)%						(64,886,398	)
		NET ASSETS - 100.0%					$	6,103,306,451

	Abbreviation(s):
REIT	Real Estate Investment Trust
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 12/31/2015, the aggregate value of these securities was $38,235,772 or 0.6% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
j	Zero coupon

147

TIAA-CREF FUNDS - Bond Plus Fund

TIAA-CREF FUNDS
BOND PLUS FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2015

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
BANK LOAN OBLIGATIONS - 4.9%
AUTOMOBILES & COMPONENTS - 0.2%
$	1,980,000	i	Dealer Tire LLC		5.500	%	12/22/21	$	1,977,525
	3,950,000	i	Gates Global LLC		4.250		07/05/21		3,696,054
			TOTAL AUTOMOBILES & COMPONENTS						5,673,579
CAPITAL GOODS - 0.2%
	972,563	i	CHI Overhead Doors, Inc		4.750		07/31/22		952,508
	1,400,000	i	Plaze, Inc		5.250		07/31/22		1,386,000
	2,561,901	i	TransDigm, Inc		3.750		02/28/20		2,495,368
			TOTAL CAPITAL GOODS						4,833,876
COMMERCIAL & PROFESSIONAL SERVICES - 0.2%
	443,935	i	AECOM Technology Corp		3.750		10/15/21		443,104
	2,481,108	i	Connolly Corp		4.500		05/14/21		2,394,269
	3,161,287	i	Creative Artists Agency LLC		5.500		12/17/21		3,145,481
	1,110,000	h,i	Staples, Inc		3.500		04/24/21		1,095,659
	317,518	i	WASH Multifamily Laundry Systems LLC		4.250		05/16/22		308,787
	55,607	i	WASH Multifamily Laundry Systems LLC		4.250		05/16/22		54,078
	850,000	i	XPO Logistics, Inc		5.500		10/30/21		845,393
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						8,286,771
CONSUMER DURABLES & APPAREL - 0.1%
	1,831,522	i	Otter Products LLC		5.750		06/03/20		1,746,814
			TOTAL CONSUMER DURABLES & APPAREL						1,746,814
CONSUMER SERVICES - 0.7%
	2,347,222	i	Hilton Worldwide		3.500		10/26/20		2,340,627
	5,000,000	i	Jackson Hewitt Tax Service, Inc		8.000		06/25/21		4,781,250
	4,987,500	i	Knowledge Universe Education LLC		6.000		08/13/22		4,862,813
	925,071	i	Marina District Finance Co, Inc		6.500		08/15/18		922,758
	582,000	i	MGM Resorts International		3.500		12/20/19		573,270
	411,544	i	Pinnacle Entertainment, Inc		3.750		08/13/20		409,873
	6,078,569	i	Spin Holdco, Inc		4.250		11/14/19		5,826,308
			TOTAL CONSUMER SERVICES						19,716,899
DIVERSIFIED FINANCIALS - 0.5%
	7,980,000		DTZ US Borrower LLC		4.250		11/04/21		7,772,999
	1,934,499	i	DTZ US Borrower LLC		4.250		11/04/21		1,884,318
	683,109	i	TransFirst, Inc		4.750		11/12/21		676,400
	4,003,688	i	TransUnion LLC		3.500		04/09/21		3,881,895
			TOTAL DIVERSIFIED FINANCIALS						14,215,612
FOOD & STAPLES RETAILING - 0.2%
	3,275,250	i	Albertson’s Holdings LLC		5.500		08/25/21		3,243,742

148

TIAA-CREF FUNDS - Bond Plus Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000	i	Rite Aid Corp		5.750	%	08/21/20	$	1,000,500
	1,500,000	i	Rite Aid Corp		4.875		06/21/21		1,494,840
			TOTAL FOOD & STAPLES RETAILING						5,739,082
FOOD, BEVERAGE & TOBACCO - 0.1%
	1,426,425	i	Hostess Brands LLC		4.500		08/03/22		1,417,510
	236,013	i	Post Holdings, Inc		3.750		06/02/21		235,386
			TOTAL FOOD, BEVERAGE & TOBACCO						1,652,896
HEALTH CARE EQUIPMENT & SERVICES - 0.4%
	2,419,311	i	Capsugel Holdings US, Inc		3.500		08/01/18		2,370,925
	2,664,437	i	DaVita HealthCare Partners, Inc		3.500		06/24/21		2,649,996
	2,932,500	i	HCA, Inc		3.357		05/01/18		2,927,016
	2,932,620	i	Kinetic Concepts, Inc		4.500		05/04/18		2,817,749
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						10,765,686
INSURANCE - 0.3%
	7,372,026	i	Acrisure LLC		6.500		05/19/22		7,049,499
	1,188,457	i	USI, Inc		4.250		12/27/19		1,147,752
			TOTAL INSURANCE						8,197,251
MATERIALS - 0.3%
	1,336,500	i	Eco Services Operations LLC		4.750		12/04/21		1,314,368
	2,055,556	i	Signode Industrial Group US, Inc		3.750		05/01/21		1,978,472
	800,000	i	Solenis International LP		7.750		07/31/22		630,000
	3,959,723	i	Tronox Pigments BV		4.500		03/19/20		3,494,455
			TOTAL MATERIALS						7,417,295
MEDIA - 0.5%
	5,236,875	i	CDS US Intermediate Holdings, Inc		5.000		07/08/22		4,927,009
	1,233,012	i	CSC Holdings LLC		2.924		04/17/20		1,227,624
	2,375,000	i	Neptune Finco Corp		5.000		10/09/22		2,368,326
	1,605,550	i	Time, Inc		4.250		04/26/21		1,581,467
	1,969,585	i	Univision Communications, Inc		4.000		03/01/20		1,924,284
	1,346,642	i	Virgin Media Investment Holdings Ltd		3.500		06/30/23		1,316,976
			TOTAL MEDIA						13,345,686
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.1%
	2,883,639	i	NBTY, Inc		3.500		10/01/17		2,833,175
	173,250	i	Valeant Pharmaceuticals International, Inc		4.000		04/01/22		166,277
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						2,999,452
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.3%
	5,000,000	i	Avago Technologies Cayman Finance Ltd		4.250		11/13/22		4,940,650
	4,412,777	i	Avago Technologies Ltd		3.750		05/06/21		4,398,083
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						9,338,733
SOFTWARE & SERVICES - 0.6%
	1,100,000	i	Asurion LLC		8.500		03/03/21		932,250
	2,375,000	i	Evergreen Skills Lux S.a.r.l.		9.250		04/28/22		1,537,813
	1,933,202	i	IMS Health, Inc		3.500		03/17/21		1,884,872

149

TIAA-CREF FUNDS - Bond Plus Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,294,613	i	Infor US, Inc		3.750	%	06/03/20	$	1,212,625
	2,157,921	i	Mitchell International, Inc		4.500		10/13/20		2,037,077
	3,000,000	i	Mitchell International, Inc		8.500		10/11/21		2,855,010
	1,269,849	i	P2 Lower Acquisition LLC		5.500		10/22/20		1,253,976
	2,201,023	i	ProQuest LLC		5.750		10/24/21		2,154,251
	317,825	i	SS&C Technologies Holdings Europe SARL		4.018		07/08/22		315,044
	2,159,641	i	SS&C Technologies Holdings, Inc		4.007		07/08/22		2,140,744
			TOTAL SOFTWARE & SERVICES						16,323,662
TECHNOLOGY HARDWARE & EQUIPMENT - 0.2%
	3,034,750	i	CommScope, Inc		3.827		12/29/22		3,010,108
	1,960,000	i	Scientific Games International, Inc		6.000		10/18/20		1,788,500
	1,975,075	i	Sensata Technologies BV		3.000		10/14/21		1,936,403
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						6,735,011
TELECOMMUNICATION SERVICES - 0.0%
	556,335	i	Internap Network Services Corp		6.000		11/26/19		522,955
			TOTAL TELECOMMUNICATION SERVICES						522,955
UTILITIES - 0.0%
	241,875	i	Calpine Corp		4.000		10/09/19		235,223
			TOTAL UTILITIES						235,223
			TOTAL BANK LOAN OBLIGATIONS						137,746,483
			(Cost $141,969,346)
BONDS - 93.1%
CORPORATE BONDS - 40.0%
AUTOMOBILES & COMPONENTS - 0.4%
	950,000		Delphi Automotive plc		3.150		11/19/20		948,875
	1,000,000		Ford Motor Co		7.450		07/16/31		1,233,441
	2,750,000	g	Gates Global LLC		6.000		07/15/22		1,980,000
	2,000,000		Johnson Controls, Inc		4.625		07/02/44		1,694,982
	1,450,000		Magna International, Inc		3.625		06/15/24		1,417,800
	325,000		Magna International, Inc		4.150		10/01/25		331,034
	1,850,000	g	Schaeffler Finance BV		4.750		05/15/23		1,813,000
	175,000	g,o	Schaeffler Holding Finance BV		6.875		08/15/18		180,250
	860,000	g,o	Schaeffler Holding Finance BV		6.250		11/15/19		898,700
	705,000	g,o	Schaeffler Holding Finance BV		6.750		11/15/22		757,875
	350,000	g	ZF North America Capital, Inc		4.000		04/29/20		352,887
	175,000	g	ZF North America Capital, Inc		4.500		04/29/22		171,063
	350,000	g	ZF North America Capital, Inc		4.750		04/29/25		333,375
			TOTAL AUTOMOBILES & COMPONENTS						12,113,282
BANKS - 6.4%
	1,000,000	g	Akbank TAS		4.000		01/24/20		964,710
	1,000,000	g	Akbank TAS		5.125		03/31/25		930,544
	1,500,000		Banco de Oro Unibank, Inc		3.875		04/22/16		1,500,000
	3,000,000	g	Banco Nacional de Comercio Exterior SNC		4.375		10/14/25		2,962,500

150

TIAA-CREF FUNDS - Bond Plus Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	900,000		Bancolombia S.A.		5.950	%	06/03/21	$	928,125
	1,000,000	g	Bank Nederlandse Gemeenten		1.875		06/11/19		1,004,907
	3,475,000		Bank of America Corp		3.750		07/12/16		3,518,500
	650,000		Bank of America Corp		5.300		03/15/17		676,169
	25,000		Bank of America Corp		6.000		09/01/17		26,605
	12,000,000		Bank of America Corp		1.950		05/12/18		11,931,804
	1,000,000		Bank of America Corp		5.490		03/15/19		1,078,612
	3,500,000		Bank of America Corp		2.625		10/19/20		3,457,513
	3,000,000		Bank of America Corp		4.000		01/22/25		2,939,208
	2,150,000		Bank of America Corp		3.875		08/01/25		2,182,734
	1,925,000		Bank of America Corp		4.750		04/21/45		1,850,183
	4,800,000	g	Bank of Nova Scotia		2.150		08/03/16		4,825,824
	1,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		2.350		02/23/17		1,007,013
	950,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		2.350		09/08/19		945,413
	1,250,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		3.250		09/08/24		1,232,165
	1,600,000		Barclays plc		2.750		11/08/19		1,594,155
	3,100,000		Barclays plc		3.650		03/16/25		2,979,177
	750,000	g	BBVA Banco Continental S.A.		2.250		07/29/16		751,875
	375,000		Branch Banking & Trust Co		2.300		10/15/18		378,792
	1,750,000	g	Canadian Imperial Bank of Commerce		2.750		01/27/16		1,751,780
	2,000,000		Capital One Bank USA NA		1.500		03/22/18		1,967,142
	2,350,000		Capital One Bank USA NA		2.950		07/23/21		2,326,657
	300,000		Capital One Bank USA NA		3.375		02/15/23		293,710
	8,975,000		Citigroup, Inc		1.300		11/15/16		8,953,245
	3,100,000		Citigroup, Inc		4.400		06/10/25		3,132,488
	4,275,000		Citigroup, Inc		4.450		09/29/27		4,249,555
	3,000,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.950		11/09/22		3,036,969
	2,500,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		4.625		12/01/23		2,606,872
	2,175,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		5.250		08/04/45		2,279,161
	1,150,000	g	Credit Agricole S.A.		2.500		04/15/19		1,156,081
	775,000	g	Credit Agricole S.A.		2.750		06/10/20		779,157
	5,000,000		Deutsche Bank AG		1.875		02/13/18		4,957,355
	1,950,000		Discover Bank		3.100		06/04/20		1,955,341
	2,000,000		Eksportfinans ASA		2.375		05/25/16		2,001,400
	4,250,000		Fifth Third Bancorp		2.375		04/25/19		4,264,492
	4,125,000	g	HSBC Bank plc		1.500		05/15/18		4,079,938
	500,000	g	HSBC Bank plc		4.125		08/12/20		532,661
	3,700,000		HSBC USA, Inc		1.625		01/16/18		3,682,014
	1,650,000		HSBC USA, Inc		2.375		11/13/19		1,643,633
	2,100,000		HSBC USA, Inc		2.350		03/05/20		2,076,199
	1,000,000	g	Industrial & Commercial Bank of China Ltd		4.875		09/21/25		1,011,542
	1,500,000		JPMorgan Chase & Co		3.150		07/05/16		1,515,475
	3,000,000		JPMorgan Chase & Co		2.000		08/15/17		3,010,404
	1,000,000		JPMorgan Chase & Co		1.800		01/25/18		998,722
	3,750,000		JPMorgan Chase & Co		2.750		06/23/20		3,767,475
	2,500,000		JPMorgan Chase & Co		3.875		02/01/24		2,571,427
	5,000,000		JPMorgan Chase & Co		3.875		09/10/24		4,976,260
	2,525,000		JPMorgan Chase & Co		3.900		07/15/25		2,600,439
	400,000	i	JPMorgan Chase & Co		5.150		12/30/49		378,000
	775,000		KeyBank NA		2.500		12/15/19		776,366
	2,750,000		KeyBank NA		2.250		03/16/20		2,719,863
	775,000	g	Macquarie Bank Ltd		2.600		06/24/19		774,290

151

TIAA-CREF FUNDS - Bond Plus Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	2,200,000		Manufacturers & Traders Trust Co		2.100	%	02/06/20	$	2,161,082
	1,000,000	g,i	Oversea-Chinese Banking Corp Ltd		4.000		10/15/24		1,017,355
	900,000	g	PKO Finance AB		4.630		09/26/22		938,160
	1,675,000		PNC Bank NA		2.200		01/28/19		1,680,695
	2,025,000		PNC Bank NA		2.250		07/02/19		2,034,601
	3,500,000		PNC Bank NA		2.600		07/21/20		3,500,018
	3,000,000		PNC Bank NA		2.950		01/30/23		2,910,537
	2,500,000		PNC Financial Services Group, Inc		3.900		04/29/24		2,560,812
	700,000	g,i	Rabobank Nederland NV		11.000		12/30/49		864,150
	3,000,000	g	Skandinaviska Enskilda Banken AB		2.625		11/17/20		2,990,523
	2,700,000	g	Societe Generale S.A.		4.750		11/24/25		2,613,222
	2,700,000	g	Societe Generale S.A.		5.625		11/24/45		2,584,856
	2,000,000		Sumitomo Mitsui Banking Corp		2.500		07/19/18		2,026,390
	1,500,000		Sumitomo Mitsui Banking Corp		2.450		01/16/20		1,491,813
	575,000		SunTrust Banks, Inc		2.750		05/01/23		550,100
	2,000,000	g	Toronto-Dominion Bank		1.625		09/14/16		2,007,646
	3,900,000	g	Toronto-Dominion Bank		1.950		04/02/20		3,837,947
	2,700,000		Toronto-Dominion Bank		2.500		12/14/20		2,698,790
	675,000	g	Turkiye Garanti Bankasi AS.		4.750		10/17/19		670,478
	675,000	g	Turkiye Halk Bankasi AS.		4.750		06/04/19		666,657
	1,075,000	g	Turkiye Halk Bankasi AS.		3.875		02/05/20		1,008,458
	500,000	g	Turkiye Is Bankasi		3.750		10/10/18		490,220
	700,000	g	Turkiye Is Bankasi		5.500		04/21/19		712,789
	500,000		Union Bank NA		2.125		06/16/17		503,129
	400,000		UnionBanCal Corp		3.500		06/18/22		405,794
	1,800,000		Westpac Banking Corp		2.250		01/17/19		1,804,820
	3,350,000		Westpac Banking Corp		2.600		11/23/20		3,348,714
	1,000,000	g	Zenith Bank plc		6.250		04/22/19		899,500
			TOTAL BANKS						181,471,897
CAPITAL GOODS - 0.7%
	1,225,000		Anixter, Inc		5.625		05/01/19		1,274,000
	1,300,000		Anixter, Inc		5.125		10/01/21		1,300,000
	1,500,000	g	CRH America, Inc		3.875		05/18/25		1,490,504
	150,000		Eaton Corp		4.000		11/02/32		142,927
	700,000		Embraer Netherlands Finance BV		5.050		06/15/25		637,000
	1,150,000	g	Gold Fields Orogen Holding BVI Ltd		4.875		10/07/20		856,750
	865,000	g	Huntington Ingalls Industries, Inc		5.000		12/15/21		881,219
	900,000		Ingersoll-Rand Luxembourg Finance S.A.		3.550		11/01/24		881,169
	1,675,000		Lockheed Martin Corp		2.500		11/23/20		1,669,106
	1,025,000		Lockheed Martin Corp		3.550		01/15/26		1,030,263
	666,203	g	Odebrecht Offshore Drilling Finance Ltd		6.625		10/01/22		146,565
	669,450	g	Odebrecht Offshore Drilling Finance Ltd		6.750		10/01/22		153,974
	1,790,000	g	Stena AB		7.000		02/01/24		1,521,500
	475,000		Textron, Inc		3.875		03/01/25		466,102
	2,350,000		Timken Co		3.875		09/01/24		2,218,912
	1,000,000		TransDigm, Inc		5.500		10/15/20		967,500
	2,670,000	g	TSMC Global Ltd		1.625		04/03/18		2,617,203
			TOTAL CAPITAL GOODS						18,254,694
COMMERCIAL & PROFESSIONAL SERVICES - 1.2%
	125,000		21st Century Fox America, Inc		7.625		11/30/28		157,618

152

TIAA-CREF FUNDS - Bond Plus Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	90,000		21st Century Fox America, Inc		6.550	%	03/15/33	$	102,566
	325,000		21st Century Fox America, Inc		6.650		11/15/37		377,670
	250,000		21st Century Fox America, Inc		6.900		08/15/39		295,577
	1,000,000		ADT Corp		4.125		04/15/19		1,028,750
	1,825,000		ADT Corp		6.250		10/15/21		1,906,304
	750,000		AECOM		5.750		10/15/22		772,500
	3,150,000		AECOM		5.875		10/15/24		3,213,000
	1,200,000		Air Lease Corp		3.875		04/01/21		1,206,000
	1,225,000		Clean Harbors, Inc		5.125		06/01/21		1,240,312
	1,600,000		Fluor Corp		3.500		12/15/24		1,598,818
	670,000		Republic Services, Inc		3.800		05/15/18		694,094
	1,525,000		Republic Services, Inc		3.200		03/15/25		1,468,258
	1,000,000		RR Donnelley & Sons Co		7.875		03/15/21		1,034,000
	325,000		RR Donnelley & Sons Co		7.000		02/15/22		307,531
	675,000		RR Donnelley & Sons Co		6.500		11/15/23		624,375
	1,725,000	g	SPL Logistics Escrow LLC		8.875		08/01/20		1,681,875
	1,000,000		United Rentals North America, Inc		7.375		05/15/20		1,055,000
	1,000,000		United Rentals North America, Inc		7.625		04/15/22		1,068,700
	1,425,000		United Rentals North America, Inc		5.500		07/15/25		1,382,250
	2,700,000		Visa, Inc		2.200		12/14/20		2,697,948
	1,825,000		Visa, Inc		3.150		12/14/25		1,828,856
	2,550,000		Waste Management, Inc		2.900		09/15/22		2,503,763
	475,000		Waste Management, Inc		3.900		03/01/35		444,123
	550,000		Waste Management, Inc		4.100		03/01/45		511,172
	3,400,000	g	XPO Logistics, Inc		6.500		06/15/22		3,145,000
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						32,346,060
CONSUMER DURABLES & APPAREL - 0.4%
	1,000,000		DR Horton, Inc		5.750		08/15/23		1,066,000
	2,600,000		DR Horton, Inc		3.750		03/01/19		2,600,000
	2,000,000		KB Home		4.750		05/15/19		1,940,000
	680,000		KB Home		7.000		12/15/21		670,650
	2,000,000		Lennar Corp		4.500		06/15/19		2,033,750
	2,000,000		Lennar Corp		4.500		11/15/19		2,033,750
	625,000		Newell Rubbermaid, Inc		3.900		11/01/25		564,190
	960,000		Standard Pacific Corp		5.875		11/15/24		1,003,200
	225,000		Whirlpool Corp		3.700		03/01/23		226,439
			TOTAL CONSUMER DURABLES & APPAREL						12,137,979
CONSUMER SERVICES - 1.3%
	750,000	g	1011778 BC / New Red Fin		4.625		01/15/22		751,875
	3,000,000	g	1011778 BC / New Red Fin		6.000		04/01/22		3,090,000
	5,025,000		American University		4.321		04/01/45		4,701,249
	4,000,000		Amherst College		4.100		11/01/45		4,005,988
	1,350,000		GLP Capital LP		4.375		11/01/18		1,336,500
	3,800,000		Metropolitan Museum of Art		3.400		07/01/45		3,454,637
	1,500,000		MGM Resorts International		6.750		10/01/20		1,541,250
	5,000,000		New York Public Library Astor Lenox & Tilden Foundations		4.305		07/01/45		4,697,945
	1,880,000		Northeastern University		4.181		03/01/23		1,940,399
	2,000,000	g	SABMiller Holdings, Inc		3.750		01/15/22		2,057,100
	1,945,000	g	Six Flags Entertainment Corp		5.250		01/15/21		1,969,312

153

TIAA-CREF FUNDS - Bond Plus Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,335,000		Speedway Motorsports, Inc		5.125	%	02/01/23	$	1,321,650
	5,000,000		William Marsh Rice University		3.574		05/15/45		4,629,980
			TOTAL CONSUMER SERVICES						35,497,885
DIVERSIFIED FINANCIALS - 4.7%
	3,000,000		Ally Financial, Inc		4.750		09/10/18		3,071,250
	875,000		American Express Centurion Bank		6.000		09/13/17		937,323
	1,125,000		American Express Credit Corp		2.250		08/15/19		1,125,162
	2,175,000		American Express Credit Corp		2.375		05/26/20		2,159,173
	4,000,000	g,i	Armor Re Ltd		4.243		12/15/16		3,991,600
	275,000		Bank of New York Mellon Corp		5.450		05/15/19		303,560
	2,350,000	g	Bayer US Finance LLC		2.375		10/08/19		2,352,103
	1,600,000	g	BBVA Bancomer S.A.		6.750		09/30/22		1,760,000
	1,000,000	g,i	BBVA Bancomer S.A.		5.350		11/12/29		980,000
	2,000,000	g	Caisse Centrale Desjardins du Quebec		2.550		03/24/16		2,007,674
	1,000,000	g	Comcel Trust		6.875		02/06/24		770,000
	300,000		Countrywide Financial Corp		6.250		05/15/16		305,053
	1,225,000		Credit Suisse		2.300		05/28/19		1,226,403
	1,300,000		Credit Suisse		3.000		10/29/21		1,295,512
	2,325,000	g	Credit Suisse Group Funding Guernsey Ltd		3.750		03/26/25		2,246,176
	1,550,000	g	Credit Suisse Group Funding Guernsey Ltd		4.875		05/15/45		1,528,483
	1,500,000	g	Export-Import Bank of China		2.850		09/16/20		1,493,326
	2,000,000		Ford Motor Credit Co LLC		1.700		05/09/16		2,001,938
	1,500,000		Ford Motor Credit Co LLC		3.000		06/12/17		1,514,643
	2,050,000		Ford Motor Credit Co LLC		2.551		10/05/18		2,035,402
	2,800,000		Ford Motor Credit Co LLC		3.157		08/04/20		2,791,566
	3,600,000		Ford Motor Credit Co LLC		3.200		01/15/21		3,575,920
	1,000,000		Ford Motor Credit Co LLC		5.750		02/01/21		1,105,265
	2,800,000		Ford Motor Credit Co LLC		4.134		08/04/25		2,791,491
	979,000	g	GE Capital International Funding Co		0.964		04/15/16		979,434
	4,088,000	g	GE Capital International Funding Co		2.342		11/15/20		4,058,047
	4,061,000	g	GE Capital International Funding Co		3.373		11/15/25		4,135,166
	407,000	g	GE Capital International Funding Co		4.418		11/15/35		415,483
	1,561,000		General Electric Capital Corp		3.100		01/09/23		1,584,431
	115,000		General Electric Capital Corp		6.875		01/10/39		156,745
	5,000,000		General Motors Financial Co, Inc		2.400		04/10/18		4,975,370
	2,575,000		General Motors Financial Co, Inc		3.250		05/15/18		2,587,816
	1,175,000		General Motors Financial Co, Inc		4.375		09/25/21		1,192,110
	3,000,000		General Motors Financial Co, Inc		3.450		04/10/22		2,879,469
	150,000		General Motors Financial Co, Inc		4.250		05/15/23		148,386
	2,890,000		Goldman Sachs Group, Inc		2.375		01/22/18		2,915,163
	1,825,000		Goldman Sachs Group, Inc		2.750		09/15/20		1,824,197
	1,250,000		Goldman Sachs Group, Inc		3.625		01/22/23		1,264,670
	1,050,000		Goldman Sachs Group, Inc		3.500		01/23/25		1,032,755
	1,400,000		Goldman Sachs Group, Inc		4.250		10/21/25		1,390,169
	1,425,000		Goldman Sachs Group, Inc		4.800		07/08/44		1,415,443
	3,400,000		Goldman Sachs Group, Inc		5.150		05/22/45		3,300,404
	950,000		Goldman Sachs Group, Inc		4.750		10/21/45		943,465
	1,000,000		Icahn Enterprises LP		5.875		02/01/22		977,500
	675,000	g	ICICI Bank Ltd		4.800		05/22/19		711,555
	1,500,000	g	ICICI Bank Ltd		3.500		03/18/20		1,511,475
	1,420,000		International Lease Finance Corp		5.750		05/15/16		1,439,525

154

TIAA-CREF FUNDS - Bond Plus Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,300,000		International Lease Finance Corp		3.875	%	04/15/18	$	1,309,750
	2,000,000		International Lease Finance Corp		5.875		08/15/22		2,130,000
	300,000		Legg Mason, Inc		2.700		07/15/19		299,269
	425,000		Legg Mason, Inc		3.950		07/15/24		418,265
	1,500,000	g	Lukoil International Finance BV		3.416		04/24/18		1,460,550
	450,000	g	LUKOIL International Finance BV		4.563		04/24/23		403,312
	3,000,000		Morgan Stanley		5.450		01/09/17		3,114,051
	5,275,000		Morgan Stanley		1.875		01/05/18		5,269,688
	2,000,000		Morgan Stanley		2.650		01/27/20		1,995,260
	4,550,000		Morgan Stanley		2.800		06/16/20		4,566,207
	3,925,000		Morgan Stanley		3.750		02/25/23		4,022,780
	4,700,000		Morgan Stanley		3.700		10/23/24		4,723,030
	1,700,000		Morgan Stanley		4.000		07/23/25		1,752,078
	2,000,000		Morgan Stanley		4.350		09/08/26		2,007,726
	1,600,000		Morgan Stanley		3.950		04/23/27		1,553,592
	500,000		Morgan Stanley		6.375		07/24/42		617,846
	1,500,000	g	Nacional Financiera SNC		3.375		11/05/20		1,485,563
	250,000		National Rural Utilities Cooperative Finance Corp		10.375		11/01/18		305,034
	1,500,000	g	Nederlandse Waterschapsbank NV		1.875		04/14/22		1,457,781
	1,575,000		SLM Corp		4.875		06/17/19		1,449,000
	1,900,000	g	SUAM Finance BV		4.875		04/17/24		1,928,500
	1,485,000		Synchrony Financial		1.875		08/15/17		1,478,163
	1,400,000	g	UBS Group Funding Jersey Ltd		2.950		09/24/20		1,387,079
	1,775,000		Wells Fargo & Co		2.550		12/07/20		1,766,098
	1,520,000		Wells Fargo & Co		3.900		05/01/45		1,401,452
			TOTAL DIVERSIFIED FINANCIALS						133,509,875
ENERGY - 3.2%
	160,000		Anadarko Petroleum Corp		6.950		06/15/19		174,784
	500,000		Apache Corp		4.750		04/15/43		429,535
	250,000		Apache Corp		4.250		01/15/44		200,080
	3,600,000		BP Capital Markets plc		1.375		05/10/18		3,548,632
	3,000,000		BP Capital Markets plc		2.315		02/13/20		2,956,923
	804,000		California Resources Corp		5.000		01/15/20		286,425
	2,617,000	g	California Resources Corp		8.000		12/15/22		1,377,196
	173,000		California Resources Corp		6.000		11/15/24		52,765
	1,115,000		Calumet Specialty Products Partners LP		6.500		04/15/21		970,050
	1,000,000		Calumet Specialty Products Partners LP		7.625		01/15/22		850,000
	2,000,000	g	Calumet Specialty Products Partners LP		7.750		04/15/23		1,700,000
	500,000		Chesapeake Midstream Partners LP		6.125		07/15/22		473,125
	3,600,000		Chevron Corp		2.419		11/17/20		3,582,097
	1,735,000		Cimarex Energy Co		4.375		06/01/24		1,539,845
	2,500,000		Cloud Peak Energy Resources LLC		8.500		12/15/19		1,250,000
	1,950,000		Concho Resources, Inc		5.500		04/01/23		1,803,750
	1,130,000		Continental Resources, Inc		5.000		09/15/22		833,375
	2,415,000		Crestwood Midstream Partners LP		6.000		12/15/20		1,775,025
	500,000		Crestwood Midstream Partners LP		6.125		03/01/22		347,500
	750,000		Devon Energy Corp		5.850		12/15/25		729,473
	1,750,000		Dynegy, Inc		6.750		11/01/19		1,645,000
	1,100,000		Ecopetrol S.A.		5.375		06/26/26		937,750
	725,000		Enbridge Energy Partners LP		4.375		10/15/20		707,527
	1,400,000		Enbridge Energy Partners LP		5.875		10/15/25		1,349,428

155

TIAA-CREF FUNDS - Bond Plus Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	725,000		EnCana Corp		6.500	%	02/01/38	$	579,556
	2,100,000		Enterprise Products Operating LLC		3.750		02/15/25		1,921,962
	750,000		Enterprise Products Operating LLC		5.100		02/15/45		627,749
	3,250,000		EP Energy LLC		9.375		05/01/20		2,071,875
	2,800,000		EP Energy LLC		6.375		06/15/23		1,400,000
	2,400,000		Exterran Partners LP		6.000		04/01/21		1,974,000
	916,500	g	Halcon Resources Corp		12.000		02/15/22		600,307
	600,000		Husky Energy, Inc		3.950		04/15/22		556,254
	1,700,000	g	Indo Energy Finance II BV		6.375		01/24/23		699,125
	715,000	g	KMG Finance Sub BV		6.375		04/09/21		735,485
	2,000,000		Linn Energy LLC		6.250		11/01/19		330,000
	750,000		Marathon Petroleum Corp		3.500		03/01/16		752,117
	500,000		Murphy Oil USA, Inc		6.000		08/15/23		525,000
	300,000		Newfield Exploration Co		5.750		01/30/22		265,500
	900,000		Newfield Exploration Co		5.625		07/01/24		767,250
	1,200,000		Noble Energy, Inc		5.625		05/01/21		1,173,824
	1,600,000		Noble Energy, Inc		5.875		06/01/22		1,522,080
	275,000		Noble Energy, Inc		5.250		11/15/43		221,948
	700,000		Noble Holding International Ltd		4.000		03/16/18		633,941
	275,000		Noble Holding International Ltd		3.950		03/15/22		181,887
	750,000		Oasis Petroleum, Inc		6.875		03/15/22		480,000
	1,800,000		ONE Gas, Inc		2.070		02/01/19		1,790,107
	575,000		ONE Gas, Inc		3.610		02/01/24		585,503
	300,000	g	Pacific Rubiales Energy Corp		5.375		01/26/19		57,000
	2,000,000		Peabody Energy Corp		6.000		11/15/18		370,000
	815,000		Pemex Project Funding Master Trust		6.625		06/15/35		728,406
	245,000	g	Pertamina Persero PT		4.300		05/20/23		222,712
	500,000	g	Pertamina Persero PT		6.500		05/27/41		436,912
	925,000	i	Petrobras Global Finance BV		1.990		05/20/16		901,875
	200,000		Petrobras Global Finance BV		3.250		03/17/17		185,000
	1,000,000	i	Petrobras Global Finance BV		2.461		01/15/19		760,000
	900,000		Petrobras Global Finance BV		3.000		01/15/19		684,000
	2,600,000		Petrobras Global Finance BV		4.875		03/17/20		1,950,000
	650,000		Petrobras International Finance Co		3.500		02/06/17		607,750
	325,000		Petroleos Mexicanos		5.500		01/21/21		327,828
	2,600,000		Petroleos Mexicanos		3.500		01/30/23		2,268,500
	200,000	g	Petroleos Mexicanos		4.250		01/15/25		175,000
	405,000		Petroleos Mexicanos		5.500		06/27/44		304,698
	675,000	g	Petroleos Mexicanos		5.625		01/23/46		516,510
	433,333		Petroleum Co of Trinidad & Tobago Ltd		6.000		05/08/22		400,833
	800,000		Pioneer Natural Resources Co		7.500		01/15/20		849,830
	1,725,000		Pioneer Natural Resources Co		3.450		01/15/21		1,593,443
	1,350,000		Pioneer Natural Resources Co		4.450		01/15/26		1,215,844
	2,125,000		Plains All American Pipeline LP		3.600		11/01/24		1,705,665
	2,558,000		Plains Exploration & Production Co		6.500		11/15/20		1,649,910
	2,800,000		Precision Drilling Trust		6.625		11/15/20		2,184,000
	1,750,000		Questar Market Resources, Inc		6.875		03/01/21		1,435,000
	500,000		Range Resources Corp		5.750		06/01/21		395,000
	800,000		Regency Energy Partners LP		5.750		09/01/20		781,605
	600,000		Regency Energy Partners LP		6.500		07/15/21		603,000
	570,000		Regency Energy Partners LP		5.875		03/01/22		537,304
	200,000		Regency Energy Partners LP		5.500		04/15/23		179,834

156

TIAA-CREF FUNDS - Bond Plus Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000	g	Reliance Holdings USA		5.400	%	02/14/22	$	1,081,940
	750,000		Sabine Pass Liquefaction LLC		5.625		02/01/21		690,000
	750,000	g	Sabine Pass Liquefaction LLC		5.625		03/01/25		634,688
	1,400,000		SM Energy Co		6.125		11/15/22		1,029,000
	300,000		SM Energy Co		6.500		01/01/23		220,500
	1,425,000		Southwestern Energy Co		3.300		01/23/18		1,168,500
	200,000		Statoil ASA		1.200		01/17/18		198,058
	375,000		Statoil ASA		2.450		01/17/23		355,629
	675,000		Statoil ASA		4.250		11/23/41		636,269
	1,550,000	g	Sunoco LP		6.375		04/01/23		1,457,000
	700,000		Talisman Energy, Inc		3.750		02/01/21		634,971
	1,250,000	g	Targa Resources Partners LP		5.000		01/15/18		1,156,250
	160,000	g	Tesoro Logistics LP		5.500		10/15/19		155,200
	500,000		TransCanada PipeLines Ltd		5.850		03/15/36		514,188
	250,000	i	TransCanada PipeLines Ltd		6.350		05/15/67		188,750
	865,000	g	Ultra Petroleum Corp		5.750		12/15/18		207,600
	2,550,000	g	Ultra Petroleum Corp		6.125		10/01/24		580,125
	300,000		Vale Overseas Ltd		4.375		01/11/22		227,049
	125,000		Vale Overseas Ltd		6.875		11/21/36		87,380
	2,500,000		Whiting Petroleum Corp		5.000		03/15/19		1,887,500
	750,000		WPX Energy, Inc		7.500		08/01/20		607,500
	600,000		WPX Energy, Inc		8.250		08/01/23		480,000
	1,000,000		WPX Energy, Inc		5.250		09/15/24		660,000
			TOTAL ENERGY						88,801,311
FOOD & STAPLES RETAILING - 0.4%
	4,075,000		CVS Health Corp		2.800		07/20/20		4,095,004
	900,000		CVS Health Corp		3.375		08/12/24		891,128
	700,000		CVS Health Corp		3.875		07/20/25		714,522
	1,400,000		Ingles Markets, Inc		5.750		06/15/23		1,396,500
	2,400,000		Walgreens Boots Alliance, Inc		2.700		11/18/19		2,396,503
	2,600,000		Walgreens Boots Alliance, Inc		3.800		11/18/24		2,524,416
			TOTAL FOOD & STAPLES RETAILING						12,018,073
FOOD, BEVERAGE & TOBACCO - 1.1%
	1,100,000	g	Anadolu Efes Biracilik Ve Malt Sanayii AS.		3.375		11/01/22		922,671
	750,000		ConAgra Foods, Inc		3.200		01/25/23		721,576
	1,400,000		Constellation Brands, Inc		3.875		11/15/19		1,438,500
	2,000,000	g	Corp Lindley S.A.		4.625		04/12/23		1,970,000
	1,350,000		Diageo Capital plc		2.625		04/29/23		1,305,164
	1,000,000	g	Embotelladora Andina S.A.		5.000		10/01/23		1,030,460
	1,500,000		Fomento Economico Mexicano SAB de C.V.		2.875		05/10/23		1,400,316
	1,525,000		General Mills, Inc		2.200		10/21/19		1,525,474
	1,275,000	g	HJ Heinz Co		2.000		07/02/18		1,270,443
	1,375,000	g	HJ Heinz Co		4.875		02/15/25		1,461,657
	800,000		Mead Johnson Nutrition Co		3.000		11/15/20		800,118
	3,225,000		Mondelez International, Inc		4.125		02/09/16		3,233,327
	2,000,000		Mondelez International, Inc		4.000		02/01/24		2,062,986
	38,000		PepsiCo, Inc		7.900		11/01/18		44,532
	2,350,000		PepsiCo, Inc		4.450		04/14/46		2,425,705
	5,300,000	g	Pernod-Ricard S.A.		2.950		01/15/17		5,366,117
	100,000		Philip Morris International, Inc		6.375		05/16/38		126,137

157

TIAA-CREF FUNDS - Bond Plus Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	825,000	g	Post Holdings, Inc		6.750	%	12/01/21	$	841,500
	240,000		Post Holdings, Inc		7.375		02/15/22		250,200
	430,000		Smithfield Foods, Inc		6.625		08/15/22		446,125
	725,000		Tyson Foods, Inc		3.950		08/15/24		744,427
	450,000		Tyson Foods, Inc		4.875		08/15/34		458,973
			TOTAL FOOD, BEVERAGE & TOBACCO						29,846,408
HEALTH CARE EQUIPMENT & SERVICES - 1.5%
	250,000		Becton Dickinson & Co		1.750		11/08/16		251,267
	520,000		Becton Dickinson & Co		3.734		12/15/24		524,773
	1,275,000		Becton Dickinson & Co		4.685		12/15/44		1,286,280
	1,000,000		CHS/Community Health Systems		8.000		11/15/19		1,007,500
	3,125,000		CHS/Community Health Systems		6.875		02/01/22		2,964,844
	375,000		Covidien International Finance S.A.		3.200		06/15/22		375,940
	625,000		Express Scripts Holding Co		3.900		02/15/22		642,247
	2,000,000	g	Fresenius Medical Care Capital Trust		5.625		07/31/19		2,155,000
	1,722,000	g	Fresenius Medical Care Capital Trust		5.750		02/15/21		1,842,540
	2,000,000		HCA Holdings, Inc		6.250		02/15/21		2,115,000
	1,165,000		HCA, Inc		6.500		02/15/20		1,269,267
	975,000		HCA, Inc		5.875		03/15/22		1,028,625
	925,000		HealthSouth Corp		5.750		11/01/24		882,219
	2,900,000		Keysight Technologies, Inc		4.550		10/30/24		2,788,144
	1,900,000		Kinetic Concepts, Inc		10.500		11/01/18		1,852,500
	625,000		Laboratory Corp of America Holdings		2.625		02/01/20		617,289
	1,050,000		Laboratory Corp of America Holdings		3.600		02/01/25		1,013,275
	1,225,000		LifePoint Hospitals, Inc		5.500		12/01/21		1,246,438
	1,725,000		McKesson Corp		4.883		03/15/44		1,725,000
	2,100,000		Medtronic, Inc		4.625		03/15/45		2,165,157
	1,425,000		Owens & Minor, Inc		3.875		09/15/21		1,419,450
	1,900,000		Quest Diagnostics, Inc		3.500		03/30/25		1,835,793
	3,000,000		Tenet Healthcare Corp		6.250		11/01/18		3,157,500
	225,000		Tenet Healthcare Corp		6.000		10/01/20		236,813
	700,000		Tenet Healthcare Corp		8.125		04/01/22		698,250
	475,000		Thermo Fisher Scientific, Inc		2.250		08/15/16		477,609
	450,000		Thermo Fisher Scientific, Inc		2.400		02/01/19		449,924
	700,000		Thermo Fisher Scientific, Inc		3.300		02/15/22		698,685
	725,000		Thermo Fisher Scientific, Inc		3.150		01/15/23		706,104
	2,300,000		Zimmer Holdings, Inc		2.700		04/01/20		2,271,919
	2,500,000		Zimmer Holdings, Inc		3.550		04/01/25		2,430,628
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						42,135,980
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	2,100,000		Colgate-Palmolive Co		4.000		08/15/45		2,104,655
	375,000		Ecolab, Inc		1.450		12/08/17		371,467
	405,000	g	First Quality Finance Co, Inc		4.625		05/15/21		368,550
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						2,844,672
INSURANCE - 1.4%
	250,000		Aetna, Inc		1.500		11/15/17		249,052
	150,000		Aetna, Inc		6.625		06/15/36		179,799
	675,000		Allstate Corp		3.150		06/15/23		674,866
	700,000		Allstate Corp		4.500		06/15/43		711,171

158

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,550,000		American International Group, Inc		2.300	%	07/16/19	$	1,537,045
	400,000		Chubb Corp		6.000		05/11/37		490,373
	80,000		Cigna Corp		5.125		06/15/20		87,329
	1,000,000		Cigna Corp		4.500		03/15/21		1,061,485
	1,175,000		Cigna Corp		3.250		04/15/25		1,153,952
	3,525,000	g	Five Corners Funding Trust		4.419		11/15/23		3,680,442
	250,000		Lincoln National Corp		7.000		06/15/40		313,562
	3,350,000	g,i	Merna Reinsurance IV Ltd		2.663		04/08/16		3,348,995
	3,000,000		MetLife, Inc		4.368		09/15/23		3,222,093
	2,250,000		MetLife, Inc		3.000		03/01/25		2,163,751
	1,275,000		MetLife, Inc		4.050		03/01/45		1,181,271
	1,550,000	i	MetLife, Inc		5.250		12/30/49		1,577,125
	1,500,000	g	Onex USI Acquisition Corp		7.750		01/15/21		1,440,000
	200,000		Principal Financial Group, Inc		1.850		11/15/17		200,161
	750,000		Prudential Financial, Inc		5.400		06/13/35		815,922
	750,000		Prudential Financial, Inc		5.100		08/15/43		781,385
	1,575,000	i	Prudential Financial, Inc		5.200		03/15/44		1,520,663
	3,025,000	i	Prudential Financial, Inc		5.375		05/15/45		3,021,219
	300,000	g	Prudential Funding LLC		6.750		09/15/23		354,109
	175,000	g	Swiss Re Treasury US Corp		2.875		12/06/22		169,111
	450,000	g	Swiss Re Treasury US Corp		4.250		12/06/42		424,691
	300,000		Travelers Cos, Inc		5.800		05/15/18		327,663
	1,375,000		UnitedHealth Group, Inc		3.750		07/15/25		1,418,750
	2,800,000		UnitedHealth Group, Inc		4.750		07/15/45		2,946,485
	500,000		WellPoint, Inc		4.625		05/15/42		472,144
	2,000,000		Willis Group Holdings plc		4.125		03/15/16		2,010,834
	150,000		WR Berkley Corp		5.375		09/15/20		164,869
			TOTAL INSURANCE						37,700,317
MATERIALS - 2.7%
	425,000		Alcoa, Inc		5.125		10/01/24		386,750
	907,000		Amerigas Partners LP		6.500		05/20/21		857,115
	900,000	g	Anglo American Capital plc		3.625		05/14/20		639,000
	750,000		AngloGold Ashanti Holdings plc		5.375		04/15/20		660,750
	675,000		AngloGold Ashanti Holdings plc		5.125		08/01/22		536,625
	659,000		Barrick Gold Corp		4.100		05/01/23		565,371
	450,000	g	Belden, Inc		5.500		09/01/22		433,125
	800,000	g	Berry Plastics Corp		6.000		10/15/22		814,000
	600,000		BHP Billiton Finance USA Ltd		5.000		09/30/43		543,709
	1,500,000	g	Blue Cube Spinco, Inc		9.750		10/15/23		1,618,125
	855,000	g	Blue Cube Spinco, Inc		10.000		10/15/25		940,500
	750,000	g	Cascades, Inc		5.500		07/15/22		727,500
	1,000,000		Celulosa Arauco y Constitucion S.A.		4.750		01/11/22		1,017,775
	1,175,000	g	Cemex Finance LLC		6.000		04/01/24		1,007,562
	1,500,000		CF Industries, Inc		7.125		05/01/20		1,693,098
	300,000	g	Corp Nacional del Cobre de Chile		5.625		10/18/43		268,436
	300,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.750		11/04/20		293,650
	750,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.875		11/03/21		721,027
	2,400,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.000		07/17/22		2,155,627
	1,600,000	g	Corp Nacional del Cobre de Chile-CODELCO		4.500		09/16/25		1,506,682
	200,000	g	Corp Nacional del Cobre de Chile-CODELCO		4.250		07/17/42		146,601
	1,270,000		Crown Americas LLC		6.250		02/01/21		1,311,275

159

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	680,000		Crown Americas LLC		4.500	%	01/15/23	$	664,700
	1,500,000		Eagle Spinco, Inc		4.625		02/15/21		1,380,000
	2,890,000		Eastman Chemical Co		2.400		06/01/17		2,905,883
	450,000		Eastman Chemical Co		3.800		03/15/25		436,058
	2,550,000	g	Eldorado Gold Corp		6.125		12/15/20		2,231,250
	850,000	g	Evolution Escrow Issuer LLC		7.500		03/15/22		493,000
	800,000		Fibria Overseas Finance Ltd		5.250		05/12/24		760,000
	1,925,000	g	Georgia-Pacific LLC		2.539		11/15/19		1,914,565
	3,000,000	g	Glencore Finance Canada Ltd		3.600		01/15/17		2,898,000
	2,000,000	g	Glencore Funding LLC		1.700		05/27/16		1,980,000
	9,660,000	g	Glencore Funding LLC		2.125		04/16/18		8,584,330
	2,125,000	g	Glencore Funding LLC		4.625		04/29/24		1,538,925
	1,500,000	g	Glencore Funding LLC		4.000		04/16/25		1,042,500
	2,000,000		Graphic Packaging International, Inc		4.750		04/15/21		2,040,000
	1,500,000	g	GTL Trade Finance, Inc		5.893		04/29/24		1,065,000
	1,000,000		Hexion US Finance Corp		8.875		02/01/18		705,000
	3,075,000		Hexion US Finance Corp		6.625		04/15/20		2,406,187
	3,750,000		International Paper Co		4.750		02/15/22		4,006,110
	1,500,000	g	Klabin Finance S.A.		5.250		07/16/24		1,335,000
	4,000,000		LyondellBasell Industries NV		5.000		04/15/19		4,255,088
	1,225,000		LyondellBasell Industries NV		4.625		02/26/55		993,419
	1,125,000		Nucor Corp		4.000		08/01/23		1,091,185
	1,500,000	g	OCP S.A.		5.625		04/25/24		1,522,125
	2,400,000	g	Owens-Brockway Glass Container, Inc		5.875		08/15/23		2,436,000
	550,000		Packaging Corp of America		3.650		09/15/24		534,761
	525,000		Rio Tinto Finance USA plc		2.250		12/14/18		511,916
	680,000		Rock Tenn Co		4.450		03/01/19		708,918
	820,000		Rock Tenn Co		4.900		03/01/22		869,735
	500,000		Silgan Holdings, Inc		5.000		04/01/20		508,750
	1,000,000		Steel Dynamics, Inc		5.125		10/01/21		925,000
	650,000		Steel Dynamics, Inc		5.250		04/15/23		593,125
	700,000		Teck Resources Ltd		2.500		02/01/18		532,000
	500,000		Teck Resources Ltd		3.750		02/01/23		231,250
	1,050,000		Tronox Finance LLC		6.375		08/15/20		631,890
	900,000	g	Union Andina de Cementos SAA		5.875		10/30/21		868,500
	3,125,000	g	Univar, Inc		6.750		07/15/23		2,851,563
			TOTAL MATERIALS						77,296,036
MEDIA - 2.4%
	2,500,000		AMC Entertainment, Inc		5.875		02/15/22		2,537,500
	1,400,000		CBS Corp		2.300		08/15/19		1,384,576
	1,050,000		CBS Corp		4.000		01/15/26		1,024,480
	750,000		CBS Corp		4.600		01/15/45		643,477
	1,100,000		CCO Holdings LLC		6.500		04/30/21		1,144,000
	2,325,000	g	CCO Safari II LLC		3.579		07/23/20		2,311,682
	545,000	g	CCO Safari II LLC		4.464		07/23/22		543,103
	2,875,000	g	CCO Safari II LLC		4.908		07/23/25		2,872,174
	2,000,000		Cinemark USA, Inc		5.125		12/15/22		1,985,000
	3,125,000		Comcast Corp		4.250		01/15/33		3,070,628
	1,550,000		Comcast Corp		4.600		08/15/45		1,569,257
	2,475,000		DIRECTV Holdings LLC		4.450		04/01/24		2,542,258
	800,000		DISH DBS Corp		5.000		03/15/23		694,000

160

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	850,000		DISH DBS Corp		5.875	%	11/15/24	$	756,500
	1,500,000		Gannett Co, Inc		5.125		10/15/19		1,552,500
	2,110,000	g	Gannett Co, Inc		4.875		09/15/21		2,115,275
	160,000	g	Gannett Co, Inc		5.500		09/15/24		160,000
	2,000,000		Grupo Televisa SAB		4.625		01/30/26		1,976,098
	1,000,000		Lamar Media Corp		5.000		05/01/23		1,012,500
	144,000	g	Lynx I Corp		5.375		04/15/21		148,680
	780,000	g	Lynx II Corp		6.375		04/15/23		791,700
	2,650,000	g	NBC Universal Enterprise, Inc		1.662		04/15/18		2,650,636
	700,000	g	NBC Universal Enterprise, Inc		1.974		04/15/19		699,672
	700,000		Nielsen Finance LLC		4.500		10/01/20		710,500
	925,000	g	Nielsen Finance LLC		5.000		04/15/22		913,438
	800,000	g	Numericable Group S.A.		6.000		05/15/22		776,000
	1,450,000		Outfront Media Capital LLC		5.250		02/15/22		1,482,625
	300,000	g	Outfront Media Capital LLC		5.625		02/15/24		307,500
	600,000		Regal Entertainment Group		5.750		03/15/22		600,000
	900,000		Regal Entertainment Group		5.750		06/15/23		895,500
	500,000		Regal Entertainment Group		5.750		02/01/25		482,500
	1,500,000		Scripps Networks Interactive, Inc		2.800		06/15/20		1,463,384
	2,100,000	g	Sirius XM Radio, Inc		5.875		10/01/20		2,199,750
	650,000	g	Sky plc		2.625		09/16/19		647,242
	3,000,000		Starz LLC		5.000		09/15/19		3,037,500
	1,500,000		Time Warner Cable, Inc		5.875		11/15/40		1,421,205
	475,000		Time Warner Cable, Inc		4.500		09/15/42		372,750
	3,600,000		Time Warner, Inc		2.100		06/01/19		3,580,729
	1,276,000		Time Warner, Inc		4.875		03/15/20		1,380,159
	1,000,000		Time Warner, Inc		4.750		03/29/21		1,075,390
	1,000,000		Time Warner, Inc		3.400		06/15/22		995,542
	275,000		Time Warner, Inc		6.500		11/15/36		311,346
	1,250,000		Time Warner, Inc		4.650		06/01/44		1,146,549
	750,000	g	Time, Inc		5.750		04/15/22		686,250
	1,525,000	g	Univision Communications, Inc		5.125		05/15/23		1,467,813
	3,550,000	g	Univision Communications, Inc		5.125		02/15/25		3,372,500
	1,500,000	g	UPCB Finance IV Ltd		5.375		01/15/25		1,413,750
	700,000		Viacom, Inc		2.500		12/15/16		701,469
	1,500,000		Viacom, Inc		2.500		09/01/18		1,496,433
	1,000,000		Viacom, Inc		5.850		09/01/43		897,385
	300,000	g	Virgin Media Finance plc		6.000		10/15/24		299,250
			TOTAL MEDIA						68,320,155
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.7%
	3,875,000		AbbVie, Inc		2.500		05/14/20		3,836,692
	3,400,000		Actavis Funding SCS		1.850		03/01/17		3,406,205
	3,900,000		Actavis Funding SCS		2.350		03/12/18		3,904,676
	1,575,000		Actavis Funding SCS		3.000		03/12/20		1,573,745
	2,900,000		Actavis Funding SCS		3.800		03/15/25		2,885,456
	2,450,000		Amgen, Inc		2.200		05/22/19		2,447,280
	1,550,000		Amgen, Inc		4.400		05/01/45		1,435,085
	1,650,000		Biogen, Inc		2.900		09/15/20		1,646,378
	1,300,000		Celgene Corp		2.125		08/15/18		1,300,308
	1,550,000		Celgene Corp		2.875		08/15/20		1,538,919
	2,400,000		Celgene Corp		3.875		08/15/25		2,392,373

161

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	275,000	g	Endo Finance LLC		6.000	%	02/01/25	$	270,875
	800,000		Gilead Sciences, Inc		2.350		02/01/20		800,691
	1,350,000		Gilead Sciences, Inc		3.500		02/01/25		1,361,382
	1,925,000		Gilead Sciences, Inc		3.650		03/01/26		1,942,107
	800,000	g	Mylan NV		3.750		12/15/20		800,866
	575,000		Mylan, Inc		2.550		03/28/19		567,490
	4,050,000		Novartis Capital Corp		3.000		11/20/25		3,992,466
	2,700,000		Novartis Capital Corp		4.000		11/20/45		2,642,061
	1,650,000		Perrigo Co plc		2.300		11/08/18		1,626,786
	450,000		Perrigo Co plc		4.000		11/15/23		440,322
	2,100,000		Perrigo Finance plc		3.900		12/15/24		2,027,243
	400,000		Perrigo Finance plc		4.900		12/15/44		360,981
	2,725,000	g	Roche Holdings, Inc		3.000		11/10/25		2,693,785
	425,000	g	VRX Escrow Corp		6.125		04/15/25		379,313
	675,000		Zoetis, Inc		3.450		11/13/20		675,809
	675,000		Zoetis, Inc		4.500		11/13/25		684,499
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						47,633,793
REAL ESTATE - 1.1%
	950,000		Brandywine Operating Partnership LP		4.100		10/01/24		918,572
	1,750,000		Brixmor Operating Partnership LP		3.850		02/01/25		1,701,626
	170,000		Camden Property Trust		4.625		06/15/21		181,038
	1,250,000		Camden Property Trust		2.950		12/15/22		1,199,738
	350,000	g	Communications Sales & Leasing, Inc		6.000		04/15/23		330,750
	725,000		DCT Industrial Operating Partnership LP		4.500		10/15/23		725,525
	700,000		DDR Corp		3.625		02/01/25		660,889
	800,000		DDR Corp		4.250		02/01/26		780,449
	1,000,000		Developers Diversified Realty Corp		4.750		04/15/18		1,046,234
	500,000		Developers Diversified Realty Corp		7.875		09/01/20		598,401
	1,000,000		Equinix, Inc		4.875		04/01/20		1,039,500
	1,500,000		Equinix, Inc		5.375		01/01/22		1,537,500
	550,000		Equity One, Inc		3.750		11/15/22		531,142
	775,000		Essex Portfolio LP		3.375		01/15/23		760,414
	200,000		Healthcare Realty Trust, Inc		5.750		01/15/21		220,629
	150,000		Healthcare Realty Trust, Inc		3.750		04/15/23		146,826
	1,500,000		Healthcare Realty Trust, Inc		3.875		05/01/25		1,452,092
	450,000		Healthcare Trust of America Holdings LP		3.375		07/15/21		443,644
	325,000		Healthcare Trust of America Holdings LP		3.700		04/15/23		315,175
	1,783,000		Highwoods Realty LP		5.850		03/15/17		1,858,772
	400,000		Host Hotels & Resorts LP		4.500		02/01/26		394,910
	700,000		Kilroy Realty LP		3.800		01/15/23		693,896
	650,000		Kilroy Realty LP		4.375		10/01/25		658,476
	600,000		Kimco Realty Corp		3.400		11/01/22		594,689
	500,000		Mid-America Apartments LP		4.300		10/15/23		512,625
	1,000,000		Mid-America Apartments LP		3.750		06/15/24		980,026
	850,000		Mid-America Apartments LP		4.000		11/15/25		844,463
	275,000		National Retail Properties, Inc		3.800		10/15/22		275,920
	525,000		National Retail Properties, Inc		3.300		04/15/23		505,460
	550,000		National Retail Properties, Inc		4.000		11/15/25		540,379
	19,000		Regency Centers LP		5.875		06/15/17		20,037
	875,000		Regency Centers LP		3.900		11/01/25		873,286
	210,000		Simon Property Group LP		10.350		04/01/19		257,708

162

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	750,000	g	Trust F		5.250	%	01/30/26	$	729,375
	750,000	g	Trust F/1401		5.250		12/15/24		744,375
	850,000		Ventas Realty LP		4.125		01/15/26		847,300
	1,150,000		Weingarten Realty Investors		3.375		10/15/22		1,122,384
	450,000		Weingarten Realty Investors		3.500		04/15/23		437,522
	400,000		Weingarten Realty Investors		4.450		01/15/24		410,131
	925,000		Weingarten Realty Investors		3.850		06/01/25		897,827
	975,000		Welltower, Inc		4.000		06/01/25		959,230
			TOTAL REAL ESTATE						29,748,935
RETAILING - 1.0%
	3,450,000	g	Argos Merger Sub, Inc		7.125		03/15/23		3,420,675
	1,700,000		Asbury Automotive Group, Inc		6.000		12/15/24		1,755,250
	4,500,000		AutoNation, Inc		5.500		02/01/20		4,874,841
	875,000		AutoNation, Inc		3.350		01/15/21		871,954
	1,000,000		AutoZone, Inc		3.250		04/15/25		967,692
	480,000	g	Family Tree Escrow LLC		5.750		03/01/23		500,400
	1,000,000	g	Golden Eagle Retail Group Ltd		4.625		05/21/23		753,579
	2,100,000	g	L Brands, Inc		6.875		11/01/35		2,157,750
	1,000,000		Limited Brands, Inc		7.000		05/01/20		1,127,500
	625,000		Limited Brands, Inc		6.625		04/01/21		692,187
	2,000,000		Macy’s Retail Holdings, Inc		5.900		12/01/16		2,075,282
	2,700,000		Macy’s Retail Holdings, Inc		3.450		01/15/21		2,685,477
	1,870,000		Men’s Wearhouse, Inc		7.000		07/01/22		1,327,700
	645,000		O’Reilly Automotive, Inc		4.875		01/14/21		697,934
	295,000		O’Reilly Automotive, Inc		4.625		09/15/21		314,428
	350,000		O’Reilly Automotive, Inc		3.800		09/01/22		354,451
	150,000		QVC, Inc		5.125		07/02/22		149,532
	1,100,000	g	Rolls-Royce plc		2.375		10/14/20		1,075,553
	400,000	g	Rolls-Royce plc		3.625		10/14/25		391,975
	550,000		Tiffany & Co		3.800		10/01/24		542,302
			TOTAL RETAILING						26,736,462
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.1%
	2,400,000		Intel Corp		3.700		07/29/25		2,482,860
	800,000	g	Semiconductor Manufacturing International Corp		4.125		10/07/19		801,845
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						3,284,705
SOFTWARE & SERVICES - 0.9%
	2,305,000	g	Audatex North America, Inc		6.000		06/15/21		2,322,288
	1,000,000		Baidu, Inc		3.000		06/30/20		988,917
	1,225,000	g	BMC Software Finance, Inc		8.125		07/15/21		814,625
	2,150,000		Fidelity National Information Services, Inc		3.625		10/15/20		2,178,941
	6,000,000		Fidelity National Information Services, Inc		5.000		03/15/22		6,236,232
	2,725,000		Microsoft Corp		3.125		11/03/25		2,740,830
	2,350,000		NCR Corp		5.875		12/15/21		2,314,750
	1,000,000	g	Open Text Corp		5.625		01/15/23		990,000
	2,550,000		Oracle Corp		4.125		05/15/45		2,413,432
	730,000	g	Sabre GLBL, Inc		5.375		04/15/23		726,350
	820,000	g	Sixsigma Networks Mexico S.A. de C.V.		8.250		11/07/21		783,100
	1,900,000	g	SS&C Technologies Holdings, Inc		5.875		07/15/23		1,961,750
			TOTAL SOFTWARE & SERVICES						24,471,215

163

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
TECHNOLOGY HARDWARE & EQUIPMENT - 1.1%
$	3,000,000		Amphenol Corp		1.550	%	09/15/17	$	2,984,940
	725,000		Amphenol Corp		3.125		09/15/21		717,226
	100,000		CC Holdings GS V LLC		2.381		12/15/17		100,108
	1,500,000	g,o	CommScope, Inc		6.625		06/01/20		1,516,875
	700,000	g	CommScope, Inc		5.000		06/15/21		671,125
	1,200,000	g	CommScope, Inc		5.500		06/15/24		1,140,000
	1,900,000	g	CommScope, Inc		6.000		06/15/25		1,828,750
	75,000		General Electric Co		5.250		12/06/17		80,084
	93,000		Hewlett-Packard Co		3.750		12/01/20		92,298
	1,230,000	g	International Game Technology		5.625		02/15/20		1,211,550
	1,070,000	g	International Game Technology		6.250		02/15/22		1,000,450
	2,070,000	g	International Game Technology		6.500		02/15/25		1,821,600
	2,985,000		L-3 Communications Corp		3.950		11/15/16		3,029,972
	1,025,000	g	Millicom International Cellular S.A.		6.000		03/15/25		871,250
	1,575,000	g	NXP BV		3.750		06/01/18		1,582,875
	500,000		Scientific Games Corp		8.125		09/15/18		365,000
	1,000,000	g	Scientific Games International, Inc		7.000		01/01/22		955,000
	1,000,000		Scientific Games International, Inc		10.000		12/01/22		710,000
	750,000	g	Seagate HDD Cayman		4.875		06/01/27		575,869
	2,350,000	g	Sensata Technologies BV		5.625		11/01/24		2,402,875
	1,375,000		Tyco Electronics Group S.A.		2.375		12/17/18		1,373,285
	2,925,000		Tyco Electronics Group S.A.		2.350		08/01/19		2,915,438
	1,500,000		Tyco Electronics Group S.A.		3.500		02/03/22		1,527,331
	1,200,000		Zebra Technologies Corp		7.250		10/15/22		1,254,000
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						30,727,901
TELECOMMUNICATION SERVICES - 1.8%
	1,750,000		Alibaba Group Holding Ltd		2.500		11/28/19		1,709,677
	1,200,000	g	Altice Financing S.A.		6.625		02/15/23		1,185,000
	550,000		American Tower Corp		3.500		01/31/23		537,929
	1,975,000		AT&T, Inc		1.400		12/01/17		1,965,968
	2,225,000		AT&T, Inc		2.450		06/30/20		2,192,077
	1,200,000		AT&T, Inc		2.625		12/01/22		1,138,417
	2,750,000		AT&T, Inc		3.400		05/15/25		2,643,341
	2,975,000		AT&T, Inc		4.500		05/15/35		2,751,744
	1,050,000		AT&T, Inc		4.750		05/15/46		961,195
	1,500,000	g	Bharti Airtel International Netherlands BV		5.125		03/11/23		1,552,770
	1,000,000		Citizens Communications Co		7.125		03/15/19		999,900
	750,000	g	Deutsche Telekom International Finance BV		2.250		03/06/17		754,695
	425,000	g	Deutsche Telekom International Finance BV		4.875		03/06/42		432,803
	750,000	g	ENTEL Chile S.A.		4.875		10/30/24		720,038
	1,750,000	g	ENTEL Chile S.A.		4.750		08/01/26		1,637,225
	2,250,000		GCI, Inc		6.875		04/15/25		2,300,625
	1,000,000		Intelsat Jackson Holdings S.A.		7.250		04/01/19		917,500
	550,000		Intelsat Jackson Holdings S.A.		5.500		08/01/23		431,750
	500,000	g	Oi S.A.		5.750		02/10/22		227,500
	500,000		Orange S.A.		5.500		02/06/44		530,090
	150,000		Sprint Corp		7.250		09/15/21		111,750
	1,000,000		Telefonica Emisiones SAU		3.992		02/16/16		1,002,750
	1,150,000		Telefonica Emisiones SAU		4.570		04/27/23		1,206,398

164

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,000,000		T-Mobile USA, Inc		6.464	%	04/28/19	$	1,029,820
	3,000,000		T-Mobile USA, Inc		6.542		04/28/20		3,127,500
	925,000		T-Mobile USA, Inc		6.375		03/01/25		934,250
	500,000	g	Turk Telekomunikasyon AS.		4.875		06/19/24		473,060
	1,600,000		Verizon Communications, Inc		3.450		03/15/21		1,637,717
	975,000		Verizon Communications, Inc		4.150		03/15/24		1,002,593
	40,000		Verizon Communications, Inc		6.400		09/15/33		45,573
	4,475,000		Verizon Communications, Inc		4.400		11/01/34		4,128,769
	7,513,000		Verizon Communications, Inc		4.272		01/15/36		6,781,279
	61,000		Verizon Communications, Inc		6.000		04/01/41		65,875
	1,300,000		Verizon Communications, Inc		3.850		11/01/42		1,062,467
	591,000		Verizon Communications, Inc		4.672		03/15/55		512,674
	1,450,000	g	Wind Acquisition Finance S.A.		4.750		07/15/20		1,435,500
	1,425,000		Windstream Corp		6.375		08/01/23		1,026,000
			TOTAL TELECOMMUNICATION SERVICES						51,174,219
TRANSPORTATION - 1.5%
	1,275,000	g	Adani Ports & Special Economic Zone Ltd		3.500		07/29/20		1,256,673
	1,275,000	g	AP Moeller-Maersk A.S.		2.550		09/22/19		1,262,232
	1,225,000	g	AP Moeller-Maersk A.S.		3.750		09/22/24		1,189,108
	655,000	g	Asciano Finance Ltd		5.000		04/07/18		674,449
	1,000,000	g	Bombardier, Inc		5.500		09/15/18		917,600
	600,000	g	Bombardier, Inc		7.750		03/15/20		484,500
	600,000	g	Bombardier, Inc		6.125		01/15/23		414,000
	1,000,000	g	Bombardier, Inc		7.500		03/15/25		700,000
	225,000		Bristow Group, Inc		6.250		10/15/22		175,781
	2,050,000		Canadian Pacific Railway Co		2.900		02/01/25		1,929,835
	650,000		Canadian Pacific Railway Co		4.800		08/01/45		632,162
	2,340,000		CSX Corp		3.350		11/01/25		2,273,972
	3,000,000	g	ERAC USA Finance LLC		2.800		11/01/18		3,020,169
	1,100,000		FedEx Corp		3.200		02/01/25		1,070,781
	900,000		FedEx Corp		4.100		02/01/45		801,454
	1,063,000		GATX Corp		1.250		03/04/17		1,052,386
	2,115,000		GATX Corp		2.375		07/30/18		2,100,081
	4,800,000		GATX Corp		2.500		07/30/19		4,724,520
	1,000,000		GATX Corp		3.250		03/30/25		924,612
	1,000,000		GATX Corp		5.200		03/15/44		954,444
	1,500,000		GATX Corp		4.500		03/30/45		1,280,063
	2,674,000		Gulfmark Offshore, Inc		6.375		03/15/22		1,437,275
	4,900,000	g	Kansas City Southern		2.350		05/15/20		4,732,508
	2,875,000	g	Kansas City Southern		4.950		08/15/45		2,813,288
	1,500,000	g	KLX, Inc		5.875		12/01/22		1,425,000
	1,000,000	g	Latam Airlines Group S.A.		7.250		06/09/20		892,500
	2,300,000		Norfolk Southern Corp		4.450		06/15/45		2,165,728
	375,000		Northrop Grumman Corp		1.750		06/01/18		372,041
	600,000		Southwest Airlines Co		2.750		11/06/19		604,901
	800,000	g	TTX Co		3.600		01/15/25		792,975
			TOTAL TRANSPORTATION						43,075,038
UTILITIES - 2.9%
	2,000,000		AerCap Ireland Capital Ltd		2.750		05/15/17		1,987,500
	750,000	i	AES Corp		3.414		06/01/19		688,125

165

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	425,000		AES Corp		4.875	%	05/15/23	$	371,875
	1,800,000		AGL Capital Corp		3.875		11/15/25		1,811,473
	625,000		AGL Capital Corp		4.400		06/01/43		562,241
	700,000		Alabama Power Co		4.150		08/15/44		665,245
	3,000,000		American Electric Power Co, Inc		1.650		12/15/17		2,977,722
	250,000		Atmos Energy Corp		8.500		03/15/19		293,078
	1,700,000		Atmos Energy Corp		4.125		10/15/44		1,627,872
	1,075,000		Berkshire Hathaway Energy Co		3.500		02/01/25		1,066,104
	925,000		Black Hills Corp		4.250		11/30/23		944,989
	406,000	g	Calpine Corp		7.875		01/15/23		432,390
	250,000		Carolina Power & Light Co		5.300		01/15/19		274,662
	275,000		Carolina Power & Light Co		5.700		04/01/35		320,564
	300,000		CenterPoint Energy Resources Corp		6.250		02/01/37		331,858
	1,100,000	g	CEZ AS.		4.250		04/03/22		1,165,031
	1,000,000		CMS Energy Corp		3.600		11/15/25		994,386
	200,000		Commonwealth Edison Co		5.900		03/15/36		241,247
	200,000		Connecticut Light & Power Co		5.500		02/01/19		219,673
	1,475,000		Consolidated Edison Co of New York, Inc		4.500		12/01/45		1,493,063
	1,275,000		Dominion Gas Holdings LLC		4.600		12/15/44		1,186,016
	1,000,000		Duke Energy Corp		2.100		06/15/18		1,001,339
	1,250,000	g,i	Electricite de France		5.625		12/30/49		1,188,750
	2,950,000	g	Electricite de France S.A.		2.350		10/13/20		2,904,664
	2,950,000	g	Electricite de France S.A.		3.625		10/13/25		2,885,360
	1,300,000	g	Empresa Electrica Angamos S.A.		4.875		05/25/29		1,159,697
	1,200,000	g	Eskom Holdings SOC Ltd		5.750		01/26/21		1,043,986
	1,775,000	g	Exelon Corp		3.950		06/15/25		1,773,671
	1,250,000	g	Exelon Corp		5.100		06/15/45		1,247,145
	2,100,000		Ferrellgas Partners LP		6.500		05/01/21		1,785,000
	1,550,000		Ferrellgas Partners LP		6.750		01/15/22		1,305,875
	1,000,000	g	Ferrellgas Partners LP		6.750		06/15/23		815,000
	675,000	g	FirstEnergy Transmission LLC		4.350		01/15/25		684,599
	1,000,000	g	Hrvatska Elektroprivreda		5.875		10/23/22		1,010,080
	250,000		Indiana Michigan Power Co		7.000		03/15/19		283,381
	125,000		Integrys Energy Group, Inc		4.170		11/01/20		132,087
	2,500,000	g	Israel Electric Corp Ltd		5.625		06/21/18		2,632,700
	500,000	g	Israel Electric Corp Ltd		7.250		01/15/19		554,156
	700,000	g	Israel Electric Corp Ltd		5.000		11/12/24		713,566
	100,000	g	Kansas Gas & Electric		6.700		06/15/19		114,124
	1,375,000		Kinder Morgan, Inc		2.000		12/01/17		1,324,771
	1,000,000		Kinder Morgan, Inc		3.450		02/15/23		830,769
	1,500,000	g	Korea Hydro & Nuclear Power Co Ltd		2.875		10/02/18		1,519,440
	350,000		LG&E and KU Energy LLC		3.750		11/15/20		361,536
	2,250,000	g	Molex Electronic Technologies LLC		2.878		04/15/20		2,192,265
	425,000	g	MPLX LP		5.500		02/15/23		371,875
	800,000		MPLX LP		4.000		02/15/25		672,652
	1,000,000		Nevada Power Co		5.450		05/15/41		1,122,817
	750,000		NiSource Finance Corp		4.800		02/15/44		761,741
	750,000		Northeast Utilities		1.600		01/15/18		742,150
	1,500,000		Northeast Utilities		1.450		05/01/18		1,475,625
	1,500,000		NRG Energy, Inc		7.875		05/15/21		1,406,250
	500,000		NRG Energy, Inc		6.625		03/15/23		433,750
	750,000		NTPC Ltd		5.625		07/14/21		813,535

166

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,225,000		Oncor Electric Delivery Co LLC		2.150	%	06/01/19	$	1,205,421
	1,000,000		Oncor Electric Delivery Co LLC		3.750		04/01/45		831,133
	325,000		Pacific Gas & Electric Co		8.250		10/15/18		377,781
	1,275,000		Pacific Gas & Electric Co		4.250		03/15/46		1,234,404
	1,000,000	g	Perusahaan Gas Negara Persero Tbk PT		5.125		05/16/24		956,494
	1,100,000	g	PLA Administradora Industrial S de RL de C.V.		5.250		11/10/22		1,069,750
	50,000		Potomac Electric Power Co		7.900		12/15/38		73,049
	500,000		PPL Capital Funding, Inc		4.200		06/15/22		520,541
	275,000		Progress Energy, Inc		7.050		03/15/19		312,024
	550,000		Public Service Co of Colorado		4.750		08/15/41		592,155
	400,000		Public Service Co of Oklahoma		5.150		12/01/19		437,464
	4,500,000		Sabine Pass LNG LP		7.500		11/30/16		4,477,500
	975,000		Sempra Energy		2.875		10/01/22		943,879
	3,000,000	g	Solar Star Funding LLC		3.950		06/30/35		2,961,873
	1,550,000		Southern Power Co		4.150		12/01/25		1,548,146
	2,000,000	g	SP PowerAssets Ltd		3.250		11/24/25		2,021,018
	1,550,000		Spectra Energy Partners LP		4.500		03/15/45		1,190,823
	200,000	g	Transportadora de Gas del Peru S.A.		4.250		04/30/28		187,000
	850,000	g	Transurban Finance Co Pty Ltd		4.125		02/02/26		836,220
	450,000		WEC Energy Group, Inc		3.550		06/15/25		452,606
	575,000		Williams Partners LP		4.500		11/15/23		465,740
	925,000		Williams Partners LP		4.900		01/15/45		588,812
	850,000		Wisconsin Power & Light Co		4.100		10/15/44		827,631
	1,000,000	g	WPD Investment Holdings Ltd		3.900		05/01/16		1,004,002
	215,000		Xcel Energy, Inc		4.800		09/15/41		215,995
			TOTAL UTILITIES						82,250,931
			TOTAL CORPORATE BONDS						1,123,397,823
			(Cost $1,169,440,205)
GOVERNMENT BONDS -  40.3%
AGENCY SECURITIES - 0.1%
	1,250,000		Amber Circle Funding Ltd		3.250		12/04/22		1,241,437
	3,000,000		Private Export Funding Corp (PEFCO)		2.050		11/15/22		2,880,609
			TOTAL AGENCY SECURITIES						4,122,046
FOREIGN GOVERNMENT BONDS - 3.4%
	1,535,000	g	Banque Centrale de Tunisie S.A.		5.750		01/30/25		1,328,496
	640,000		Banque Centrale de Tunisie S.A.		8.250		09/19/27		659,686
	1,397,038	g	Brazil Loan Trust		5.477		07/24/23		1,208,438
	1,950,000	g	Brazil Minas SPE via State of Minas Gerais		5.333		02/15/28		1,467,375
BRL	5,000,000		Brazil Notas do Tesouro Nacional Serie F		10.000		01/01/21		1,006,027
$	900,000		Brazilian Government International Bond		2.625		01/05/23		684,000
	775,000		Brazilian Government International Bond		4.250		01/07/25		623,875
COP	1,667,000,000		Colombia Government International Bond		4.375		03/21/23		437,952
$	1,500,000		Colombia Government International Bond		4.500		01/28/26		1,432,500
	1,575,000	g	Costa Rica Government International Bond		7.158		03/12/45		1,319,063
	1,570,000	g	Croatia Government International Bond		6.375		03/24/21		1,667,340
	1,700,000	g	Croatia Government International Bond		5.500		04/04/23		1,725,840
DOP	63,500,000	g	Dominican Republic International Bond		10.000		01/05/17		1,396,735
$	750,000	g	Dominican Republic International Bond		5.500		01/27/25		721,875

167

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,500,000	g	Ecuador Government International Bond		10.500	%	03/24/20	$	1,207,500
	1,600,000	g	Egypt Government International Bond		5.875		06/11/25		1,386,720
IDR	11,500,000,000		European Bank for Reconstruction & Development		7.250		02/08/16		829,093
TRY	3,425,000		European Investment Bank		5.750		04/03/18		1,056,439
$	550,000		Export-Import Bank of Korea		1.750		02/27/18		544,512
	2,267,000	g	Gabonese Republic		8.200		12/12/17		2,271,534
	550,000	g	Guatemala Government Bond		5.750		06/06/22		576,125
	900,000	g	Guatemala Government Bond		4.875		02/13/28		861,750
	1,000,000		Hungary Government International Bond		5.750		11/22/23		1,118,900
	750,000	g	Indonesia Government International Bond		3.375		04/15/23		696,932
	1,450,000	g	Indonesia Government International Bond		5.950		01/08/46		1,427,637
	820,000		Israel Government International Bond		4.500		01/30/43		822,050
	630,000		Italy Government International Bond		6.875		09/27/23		774,087
	1,300,000	g,i	Ivory Coast Government International Bond		5.750		12/31/32		1,155,622
	1,500,000		Jamaica Government International Bond		7.875		07/28/45		1,458,750
	1,850,000	g	Kazakhstan Government International Bond		6.500		07/21/45		1,818,624
	5,000,000		KFW		1.875		11/30/20		4,977,480
	1,000,000	g	Kommuninvest I Sverige AB		2.000		11/12/19		1,007,453
	750,000		Korea Development Bank		2.500		03/11/20		753,146
	4,425,000	g	Korea Housing Finance Corp		1.625		09/15/18		4,357,528
MXN	19,540,000		Mexican Bonos		8.000		12/07/23		1,268,988
$	1,750,000		Mexico Government International Bond		3.500		01/21/21		1,776,250
	750,000		Mexico Government International Bond		3.625		03/15/22		754,500
	1,050,000	g	Morocco Government International Bond		4.250		12/11/22		1,039,500
	1,825,000	g	Namibia International Bonds		5.250		10/29/25		1,697,250
	1,843,000	g	Nigeria Government International Bond		6.375		07/12/23		1,621,840
	1,000,000		North American Development Bank		2.400		10/26/22		989,341
	1,500,000	g	Pakistan Government International Bond		8.250		09/30/25		1,524,237
	500,000		Panama Government International Bond		5.200		01/30/20		542,500
	1,825,000		Panama Government International Bond		3.750		03/16/25		1,788,500
	275,000		Panama Government International Bond		4.300		04/29/53		234,094
PHP	45,000,000		Philippine Government International Bond		3.900		11/26/22		919,270
$	1,000,000		Philippine Government International Bond		4.200		01/21/24		1,083,186
	1,225,000		Poland Government International Bond		4.000		01/22/24		1,288,700
	1,500,000		Province of Manitoba Canada		3.050		05/14/24		1,526,271
	1,000,000		Province of Quebec Canada		3.500		07/29/20		1,057,747
	900,000	g	Republic of Angola		9.500		11/12/25		837,000
	1,025,000	g	Republic of Azerbaijan International Bond		4.750		03/18/24		956,099
	2,645,000	g	Republic of Ghana		8.125		01/18/26		2,063,629
	1,300,000	g	Republic of Latvia		2.750		01/12/20		1,320,358
	1,700,000	g	Republic of Paraguay		4.625		01/25/23		1,649,000
	625,000	g	Republic of Paraguay		6.100		08/11/44		596,875
	1,350,000	g	Republic of Serbia		5.875		12/03/18		1,420,200
	540,687	g,i	Republic of Serbia (Step Bond)		6.750		11/01/24		550,149
	154,482	i	Republic of Serbia (Step Bond)		6.750		11/01/24		157,186
	1,875,000	g	Russian Foreign Bond - Eurobond		4.875		09/16/23		1,905,000
	200,000	g	Russian Foreign Bond - Eurobond		5.625		04/04/42		189,200
	1,285,000	g	Slovenia Government International Bond		5.500		10/26/22		1,434,296
ZAR	50,676,000		South Africa Government Bond		8.250		09/15/17		3,266,267
$	750,000		South Africa Government International Bond		6.875		05/27/19		801,420
	1,600,000		South Africa Government International Bond		5.875		09/16/25		1,635,536
	1,550,000	g	Sri Lanka Government International Bond		6.850		11/03/25		1,460,064

168

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	5,500,000		Turkey Government International Bond		6.750	%	04/03/18	$	5,918,000
	2,850,000		Turkey Government International Bond		5.625		03/30/21		3,013,601
	1,125,000		Uruguay Government International Bond		4.375		10/27/27		1,105,313
	1,000,000		Uruguay Government International Bond		5.100		06/18/50		862,500
	1,300,000	g	Zambia Government International Bond		8.970		07/30/27		1,025,310
			TOTAL FOREIGN GOVERNMENT BONDS						96,060,261
MORTGAGE BACKED - 18.6%
	783,774		Federal Home Loan Mortgage Corp (FHLMC)		3.500		08/15/34		806,352
	4,390,182		FHLMC		3.000		01/15/41		4,494,841
	1,956,729		FHLMC		3.000		09/15/42		1,950,779
	218,821	i	FHLMC		0.681		10/15/42		219,657
	14,616,324		FHLMC		3.500		09/15/43		15,323,199
	660,491	i	FHLMC		0.681		07/15/45		662,507
	11,868,520		Federal Home Loan Mortgage Corp (FHLMC)		3.500		10/01/45		12,257,271
	2,493		FGLMC		6.500		12/01/16		2,525
	10,492		FGLMC		7.000		10/01/20		11,087
	19,976		FGLMC		6.500		01/01/29		22,749
	2,107		FGLMC		8.000		01/01/31		2,411
	10,000,000	h	FGLMC		3.000		01/15/31		10,302,909
	1,000,000	h	FGLMC		3.500		01/15/31		1,045,084
	346,235		FGLMC		5.500		12/01/33		384,628
	473,984		FGLMC		7.000		12/01/33		558,606
	260,779		FGLMC		5.000		01/01/34		289,816
	135,189		FGLMC		4.500		10/01/34		146,215
	190,867		FGLMC		5.500		03/01/35		212,199
	170,372		FGLMC		7.000		05/01/35		202,802
	25,284		FGLMC		5.000		02/01/36		27,759
	433		FGLMC		6.500		05/01/36		493
	217,219		FGLMC		5.000		04/01/38		240,318
	260,580		FGLMC		4.500		11/01/40		286,554
	292,872		FGLMC		4.500		12/01/40		321,171
	3,482,096		FGLMC		4.000		08/01/44		3,715,885
	1,877,811		FGLMC		4.500		10/01/44		2,066,213
	347,952		FGLMC		4.500		11/01/44		382,880
	263,969		FGLMC		4.500		11/01/44		290,173
	204,319		FGLMC		4.500		12/01/44		224,532
	143,119		FGLMC		4.500		12/01/44		155,558
	1,962,367		FGLMC		3.500		04/01/45		2,027,737
	3,914,944		FGLMC		3.500		07/01/45		4,036,376
	8,000,000	h	FGLMC		3.500		01/15/46		8,232,496
	13,000,000	h	FGLMC		4.000		01/15/46		13,729,659
	9,004		Federal National Mortgage Association (FNMA)		8.000		03/01/23		9,353
	5,072		FNMA		9.000		11/01/25		5,812
	4,393		FNMA		7.500		01/01/29		5,016
	849,822		FNMA		3.000		01/01/30		877,096
	1,094,090		FNMA		3.000		06/01/30		1,129,284
	1,839,771		FNMA		3.000		07/01/30		1,899,026
	890,236		FNMA		2.500		11/01/30		898,112
	8,000,000	h	FNMA		2.500		01/25/31		8,061,526
	3,000,000	h	FNMA		3.000		01/25/31		3,089,892
	9,000,000	h	FNMA		2.500		02/25/31		9,052,694

169

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	123,872		FNMA		7.000	%	07/01/32	$	133,407
	28,605		FNMA		4.500		03/25/33		28,965
	1,817,308		FNMA		5.000		06/01/33		2,010,187
	160,515		FNMA		4.500		10/01/33		174,668
	3,924,024		FNMA		5.000		10/01/33		4,340,053
	1,500,000		FNMA		3.000		10/25/33		1,486,838
	170,475		FNMA		5.000		11/01/33		191,052
	211,999		FNMA		5.000		11/01/33		233,149
	6,350,894		FNMA		3.000		01/01/35		6,482,932
	166,126		FNMA		5.500		02/01/35		186,994
	7,474,110		FNMA		5.000		05/01/35		8,249,111
	4,197,700		FNMA		5.000		10/01/35		4,630,879
	4,742,125		FNMA		5.500		08/01/37		5,324,345
	25,051		FNMA		6.000		09/01/37		28,635
	25,147		FNMA		6.000		09/01/37		28,882
	72,740		FNMA		6.500		09/01/37		83,128
	1,848,361		FNMA		5.500		11/01/38		2,149,953
	1,100,958		FNMA		5.500		12/01/38		1,247,701
	147,945		FNMA		4.000		07/01/39		157,473
	341,663		FNMA		5.500		08/01/39		386,516
	587,872		FNMA		4.500		10/01/39		635,956
	771,211		FNMA		5.500		04/01/40		868,854
	654,209		FNMA		4.500		06/01/40		707,957
	682,861		FNMA		5.000		08/01/40		753,428
	1,407,507		FNMA		5.000		09/01/40		1,551,978
	181,582		FNMA		6.000		10/01/40		205,239
	681,971		FNMA		4.500		11/01/40		737,970
	1,688,426		FNMA		5.000		05/01/41		1,864,309
	3,607,548		FNMA		3.000		08/25/41		3,680,673
	981,430		FNMA		4.500		11/01/41		1,061,231
	5,472,030		FNMA		5.500		12/01/41		6,258,098
	1,253,039		FNMA		3.500		02/01/42		1,295,467
	3,694,689		FNMA		4.500		02/01/42		3,995,673
	401,386		FNMA		4.500		03/01/42		440,394
	2,108,858		FNMA		4.500		04/01/42		2,281,243
	7,000,000		FNMA		3.500		04/25/42		7,201,559
	4,782,057		FNMA		4.500		06/01/42		5,172,196
	4,947,101		FNMA		3.500		07/01/42		5,112,854
	4,634,105	i	FNMA		0.922		08/25/42		4,666,933
	41,986		FNMA		3.000		10/01/42		42,114
	40,480		FNMA		3.000		10/01/42		40,574
	2,177,714		FNMA		3.000		10/01/42		2,184,734
	105,144		FNMA		3.000		11/01/42		105,370
	4,288,274	i	FNMA		0.822		11/25/42		4,274,275
	7,703,794		FNMA		3.500		11/25/42		1,494,859
	51,633		FNMA		3.000		12/01/42		51,660
	6,600		FNMA		3.000		12/01/42		6,617
	7,784,859		FNMA		3.000		01/01/43		7,800,158
	3,546,278		FNMA		3.000		01/01/43		3,554,342
	4,748,916		FNMA		3.000		02/01/43		4,758,230
	15,435,951		FNMA		3.000		02/01/43		15,465,087
	9,853,176		FNMA		3.000		02/01/43		9,872,107

170

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	119,513		FNMA		3.000	%	02/01/43	$	119,721
	2,995,431		FNMA		3.000		02/25/43		3,063,707
	23,970		FNMA		3.000		03/01/43		24,014
	43,344		FNMA		3.000		03/01/43		43,419
	1,684,784		FNMA		3.000		03/01/43		1,687,973
	122,185		FNMA		3.000		03/01/43		122,397
	28,442		FNMA		3.000		03/01/43		28,491
	2,812,852	i	FNMA		0.772		03/25/43		2,810,746
	10,716		FNMA		3.000		04/01/43		10,734
	299,175		FNMA		3.000		04/01/43		299,727
	13,166		FNMA		3.000		04/01/43		13,190
	58,718		FNMA		3.000		04/01/43		58,820
	24,845		FNMA		3.000		04/01/43		24,858
	61,855		FNMA		3.000		04/01/43		61,965
	35,911		FNMA		3.000		04/01/43		35,976
	31,080		FNMA		3.000		04/01/43		31,191
	1,742,565		FNMA		3.000		04/01/43		1,745,780
	39,863		FNMA		3.000		04/01/43		39,932
	3,294,554		FNMA		3.000		08/25/43		3,371,943
	4,258,103		FNMA		4.000		11/01/43		4,557,088
	249,847		FNMA		4.000		04/01/44		265,833
	874,635		FNMA		4.000		06/01/44		931,017
	843,557		FNMA		4.000		06/01/44		897,364
	1,994,303		FNMA		4.500		06/01/44		2,193,969
	240,585		FNMA		4.000		07/01/44		256,099
	962,684		FNMA		4.000		07/01/44		1,024,716
	2,345,786		FNMA		4.000		08/01/44		2,496,964
	1,724,015		FNMA		4.000		08/01/44		1,835,108
	258,249		FNMA		4.000		08/01/44		274,910
	203,834		FNMA		4.000		08/01/44		216,969
	179,781		FNMA		4.000		09/01/44		191,375
	234,358		FNMA		4.000		09/01/44		249,489
	1,101,438		FNMA		4.000		10/01/44		1,172,452
	5,779,998		FNMA		4.500		10/01/44		6,359,134
	1,007,990		FNMA		3.500		11/01/44		1,041,588
	1,900,816		FNMA		4.000		12/01/44		2,023,506
	798,172		FNMA		4.000		12/01/44		852,185
	1,029,932		FNMA		4.000		12/01/44		1,098,830
	2,062,780		FNMA		4.000		01/01/45		2,196,648
	1,922,392		FNMA		3.500		02/01/45		1,986,469
	298,923		FNMA		3.500		03/01/45		308,887
	582,392		FNMA		3.500		03/01/45		602,798
	408,157		FNMA		3.500		03/01/45		421,760
	349,426		FNMA		3.500		03/01/45		361,670
	838,337		FNMA		4.500		03/01/45		922,513
	9,300,028		FNMA		3.500		04/01/45		9,610,010
	580,927		FNMA		3.500		04/01/45		600,291
	129,513		FNMA		3.500		04/01/45		133,829
	306,831		FNMA		3.500		04/01/45		316,700
	231,258		FNMA		3.500		04/01/45		238,967
	4,284,818		FNMA		3.500		05/01/45		4,436,944
	302,568		FNMA		4.000		05/01/45		322,219

171

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,116,732		FNMA		3.500	%	06/01/45	$	1,153,955
	671,651		FNMA		4.000		06/01/45		715,293
	7,419,365		FNMA		4.000		07/01/45		7,888,255
	940,771		FNMA		4.000		11/01/45		1,001,969
	998,257		FNMA		4.000		12/01/45		1,063,246
	11,000,000	h	FNMA		3.000		01/25/46		10,996,173
	18,000,000	h	FNMA		3.500		01/25/46		18,565,132
	15,000,000	h	FNMA		4.000		01/25/46		15,868,659
	6,000,000	h	FNMA		4.500		01/25/46		6,478,148
	4,000,000	h	FNMA		5.000		01/25/46		4,402,316
	8,000,000	h	FNMA		3.000		02/25/46		7,981,279
	8,000,000	h	FNMA		3.500		02/25/46		8,233,982
	7,000,000	h	FNMA		4.000		02/25/46		7,391,702
	10,000,000	h	FNMA		4.500		02/25/46		10,780,507
	3,000,000	h	FNMA		5.000		02/25/46		3,298,221
	16,000,000	h	FNMA		3.500		03/25/46		16,426,089
	14,000,000	h	FNMA		4.000		03/25/46		14,748,131
	12,527		Government National Mortgage Association (GNMA)		7.500		11/15/23		13,882
	3,162		GNMA		7.500		08/15/28		3,202
	16,134		GNMA		6.500		12/15/28		18,458
	52,281		GNMA		6.500		03/15/29		59,814
	16,348		GNMA		8.500		10/20/30		19,461
	4,776		GNMA		7.000		06/20/31		5,766
	123,793		GNMA		5.000		02/15/33		135,792
	40,868		GNMA		5.500		07/15/33		46,473
	520,805		GNMA		5.000		09/15/33		579,236
	4,952,620		GNMA		3.700		10/15/33		5,263,093
	81,318		GNMA		5.500		11/20/33		90,790
	321,401		GNMA		5.500		02/20/35		358,530
	106,540		GNMA		5.500		03/20/35		118,996
	42,321		GNMA		6.000		10/20/36		47,825
	45,453		GNMA		6.000		01/20/37		51,409
	68,900		GNMA		6.000		02/20/37		77,881
	59,181		GNMA		5.000		04/15/38		65,449
	45,853		GNMA		5.500		07/15/38		51,098
	87,889		GNMA		5.500		07/20/38		96,839
	35,002		GNMA		6.000		08/20/38		39,162
	76,816		GNMA		5.000		07/20/39		84,864
	9,852,589		GNMA		3.500		10/20/42		1,959,721
	871,221		GNMA		3.500		07/15/43		911,261
	1,031,435		GNMA		3.500		02/15/45		1,078,970
	1,871,184		GNMA		4.000		04/15/45		1,988,646
	1,073,318		GNMA		4.000		04/15/45		1,142,346
	4,761,562		GNMA		4.000		05/15/45		5,061,574
	6,858,005		GNMA		4.000		06/15/45		7,291,079
	10,000,000	h	GNMA		3.000		01/20/46		10,131,953
	18,000,000	h	GNMA		3.500		01/20/46		18,758,063
	3,000,000	h	GNMA		3.000		02/20/46		3,033,141
	7,000,000	h	GNMA		3.500		02/20/46		7,277,849
	6,000,000	h	GNMA		3.000		03/20/46		6,053,156
	7,000,000	h	GNMA		3.500		03/20/46		7,260,895
			TOTAL MORTGAGE BACKED						525,520,875

172

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
MUNICIPAL BONDS - 4.2%
$	1,000,000	Anaheim City School District		3.825	%	08/01/23	$	1,057,750
	2,500,000	Arizona School Facilities Board		2.078		09/01/18		2,514,675
	880,000	California Earthquake Authority		1.194		07/01/16		881,628
	2,535,000	California Earthquake Authority		2.805		07/01/19		2,558,652
	5,000,000	California Housing Finance Agency		2.966		08/01/22		4,962,150
	3,500,000	City of Austin TX Electric Utility Revenue		4.663		11/15/37		3,556,420
	5,000,000	City of Jersey City NJ		3.286		09/01/22		5,096,600
	3,000,000	Denver City & County School District No		4.242		12/15/37		2,970,840
	600,000	Denver Health & Hospital Authority		1.700		12/01/16		599,796
	750,000	Denver Health & Hospital Authority		2.250		12/01/17		748,440
	1,370,000	Denver Urban Renewal Authority		5.000		12/01/25		1,684,977
	3,000,000	District of Columbia		3.432		06/01/22		3,028,440
	600,000	Grant County Public Utility District No 2		5.630		01/01/27		700,200
	250,000	Harris County Flood Control District		1.818		10/01/18		252,617
	1,480,000	Illinois Housing Development Authority		4.105		07/01/27		1,474,761
	2,270,000	Los Angeles County Public Works Financing Authority		2.910		12/01/20		2,303,028
	1,250,000	Los Angeles County Public Works Financing Authority		3.450		12/01/22		1,297,012
	1,000,000	Maine Municipal Bond Bank		3.368		06/01/19		1,042,360
	3,000,000	Maine Municipal Bond Bank		3.668		06/01/20		3,153,180
	375,000	Massachusetts Housing Finance Agency		1.306		06/01/16		375,683
	500,000	Massachusetts Housing Finance Agency		1.602		12/01/16		502,690
	400,000	Massachusetts Housing Finance Agency		1.776		06/01/17		400,032
	450,000	Massachusetts Housing Finance Agency		1.876		12/01/17		449,127
	250,000	Massachusetts Housing Finance Agency		2.807		12/01/19		253,113
	2,175,000	Massachusetts Housing Finance Agency		4.786		12/01/32		2,233,595
	3,000,000	New York City Transitional Finance Authority Future Tax Secured Revenue		3.100		02/01/22		3,059,520
	2,655,000	New York City Transitional Finance Authority Future Tax Secured Revenue		5.000		02/01/23		2,952,519
	1,000,000	New York City Transitional Finance Authority Future Tax Secured Revenue		3.780		02/01/26		1,034,900
	2,500,000	New York City Transitional Finance Authority Future Tax Secured Revenue		5.467		05/01/40		2,923,675
	5,000,000	New York State Dormitory Authority		4.802		12/01/34		5,428,650
	1,500,000	Oklahoma Water Resources Board		2.794		04/01/21		1,533,990
	5,000,000	Oregon Health & Science University		5.000		07/01/45		5,115,750
	5,000,000	Port Authority of New York & New Jersey		4.823		06/01/45		5,121,350
	1,690,000	Port of Corpus Christi Authority of Nueces County		2.888		12/01/21		1,690,828
	2,000,000	San Francisco Bay Area Rapid Transit District		3.477		07/01/27		1,975,840
	4,000,000	St. Paul Housing & Redevelopment Authority		2.353		07/01/19		4,015,080
	5,000,000	State of California		4.988		04/01/39		5,143,850
	775,000	State of California		7.625		03/01/40		1,128,609
	5,180,000	State of Connecticut		5.295		10/01/29		5,901,729
	1,000,000	State of Illinois		4.125		01/01/19		1,016,860
	5,000,000	State of Illinois		3.650		04/01/20		4,957,400
	3,000,000	State of Illinois		5.520		04/01/38		2,679,630
	5,000,000	State of Illinois		4.620		06/15/38		5,212,400
	1,250,000	Texas Public Finance Authority		5.250		07/01/17		1,243,475
	1,310,000	Trustees of Boston College		3.519		07/01/21		1,380,373
	500,000	University of California		2.676		05/15/21		504,110

173

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	5,000,000		University of California		3.789	%	05/15/24	$	5,286,850
	3,500,000		University of California		4.009		05/15/30		3,545,325
	2,740,000		Virginia Housing Development Authority		3.668		10/01/27		2,792,033
			TOTAL MUNICIPAL BONDS						119,742,512
U.S. TREASURY SECURITIES - 14.0%
	48,035,000		United States Treasury Bond		3.000		05/15/45		47,723,445
	54,650,000		United States Treasury Bond		2.875		08/15/45		52,974,213
	12,000,000		United States Treasury Bond		3.000		11/15/45		11,941,344
	33,233,700	k	United States Treasury Inflation Indexed Bonds		2.125		01/15/19		35,146,831
	20,312,600	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/20		20,039,050
	111,750,000		United States Treasury Note		1.625		11/30/20		111,116,713
	65,000,000		United States Treasury Note		1.875		11/30/21		64,743,770
	25,000,000		United States Treasury Note		2.000		11/30/22		24,863,550
	27,521,000		United States Treasury Note		2.250		11/15/25		27,459,408
			TOTAL U.S. TREASURY SECURITIES						396,008,324
			TOTAL GOVERNMENT BONDS						1,141,454,018
			(Cost $1,147,794,172)
STRUCTURED ASSETS - 12.8%
ASSET BACKED - 3.7%
	366,891	i	ACE Securities Corp Home Equity Loan Trust		1.157		08/25/35		362,118
			Series - 2005 HE5 (Class M2)
	1,789,185	i	Asset Backed Securities Corp Home Equity Loan Trust		1.127		04/25/35		1,773,311
			Series - 2005 HE3 (Class M3)
	747,559	i	Asset Backed Securities Corp Home Equity Loan Trust		0.635		07/25/35		744,996
			Series - 2005 HE7 (Class M2)
	2,000,000	g	Avis Budget Rental Car Funding AESOP LLC		4.720		02/20/18		2,036,438
			Series - 2011 5A (Class B)
	848,977	i	Bear Stearns Asset Backed Securities Trust		0.862		03/25/35		847,131
			Series - 2005 AQ1 (Class M1)
	2,574,177	i	Bear Stearns Asset Backed Securities Trust		0.912		07/25/35		2,526,262
			Series - 2005 SD3 (Class 1A)
	2,314,925	i	Bear Stearns Asset Backed Securities Trust		0.822		02/25/36		2,208,898
			Series - 2006 EC2 (Class M1) (Step Bond)
	6,696	i	Bear Stearns Asset Backed Securities Trust		1.162		11/25/39		6,692
			Series - 2005 SD3 (Class 2A1)
	1,706,554	g	Capital Automotive REIT		4.700		07/15/42		1,747,586
			Series - 2012 1A (Class A)
	10,000,000	g	Capital Automotive REIT		3.660		10/15/44		10,048,296
			Series - 2014 1A (Class A)
	4,633,526	g,i	CBRE Realty Finance CDO		0.623		04/07/52		1,783,908
			Series - 2007 1A (Class A2)
	3,170,429	i,m	CCR, Inc		0.738		07/10/17		3,136,600
			Series - 2010 CX (Class C)
	940,486	g	CCR, Inc		4.750		07/10/22		931,848
			Series - 2012 CA (Class C)
	137,356		Centex Home Equity		5.540		01/25/32		137,062
			Series - 2002 A (Class AF6)
	612,604	i	Countrywide Asset-Backed Certificates		5.216		10/25/17		609,961
			Series - 2002 S4 (Class A5) (Step Bond)

174

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	5,510,885	i	Countrywide Asset-Backed Certificates		0.420	%	12/25/34	$	5,001,748
			Series - 2004 6 (Class 1A1)
	1,453,453	i	Countrywide Asset-Backed Certificates		0.892		02/25/36		1,447,628
			Series - 2005 11 (Class MV1)
	4,962,500	g	DB Master Finance LLC		3.262		02/20/45		4,910,365
			Series - 2015 1A (Class A2I)
	1,631,477	g	Diamond Resorts Owner Trust		1.950		01/20/25		1,614,160
			Series - 2013 1 (Class A)
	4,278,750	g	Domino’s Pizza Master Issuer LLC		5.216		01/25/42		4,401,842
			Series - 2012 1A (Class A2)
	2,000,000	g	Domino’s Pizza Master Issuer LLC		3.484		10/25/45		1,960,000
			Series - 2015 1A (Class A2I)
	1,000,000	g	Domino’s Pizza Master Issuer LLC		4.474		10/25/45		986,410
			Series - 2015 1A (Class A2II)
	2,133,836	i	Dryden XI-Leveraged Loan CDO 2006		4.221		04/12/20		2,096,836
			Series - 2006 11X (Class D)
	1,534,466	i	First Frankin Mortgage Loan Trust		0.662		01/25/36		1,511,450
			Series - 2006 FF1 (Class 2A3)
	497,887	g,i	GMAC Mortgage Corp Loan Trust		1.172		02/25/31		489,939
			Series - 2004 VF1 (Class A1)
	171	i	Greenpoint Mortgage Funding Trust		0.552		04/25/47		171
			Series - 2007 AR2 (Class 1A1)
	1,381,826	i	GSAMP Trust		0.980		05/25/34		1,267,548
			Series - 2004 HE1 (Class M1)
	3,399,711	i	Lehman XS Trust		0.982		08/25/35		3,302,529
			Series - 2005 2 (Class 1A1)
	630,966	i	Lehman XS Trust		0.672		02/25/36		602,928
			Series - 2006 1 (Class 1A1)
	797,599	i	Lehman XS Trust		6.500		06/25/46		606,232
			Series - 2006 13 (Class 2A1)
	2,450,000	g,i	Longpoint Re Ltd		4.363		05/18/16		2,461,270
			Series - 2013 144A (Class )
	3,701,269	i	MASTR Asset Backed Securities Trust		0.605		10/25/35		3,649,034
			Series - 2005 HE2 (Class M1)
	1,125,000	i	MASTR Asset Backed Securities Trust		5.648		11/25/35		1,114,484
			Series - 2005 AB1 (Class A4) (Step Bond)
	1,313,321		Oakwood Mortgage Investors, Inc		5.410		11/15/32		1,314,985
			Series - 2002 C (Class A1)
	968,590	g	Orange Lake Timeshare Trust		3.030		07/09/29		958,988
			Series - 2014 AA (Class B)
	2,417,635	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		1.202		01/25/36		2,402,162
			Series - 2005 WCH1 (Class M2)
	649,079	i	Renaissance Home Equity Loan Trust		5.392		07/25/34		653,672
			Series - 2004 2 (Class AF4)
	69,410	i	Residential Asset Mortgage Products, Inc		5.470		09/25/33		71,404
			Series - 2003 RZ5 (Class A7) (Step Bond)
	47,405	i	Residential Asset Securities Corp		6.489		10/25/30		47,732
			Series - 2001 KS2 (Class AI6)
	9,600	i	Residential Asset Securities Corp		1.067		04/25/35		9,605
			Series - 2005 KS3 (Class M3)

175

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	2,850,000	i	Residential Funding Mortgage Securities II, Inc		6.130	%	09/25/35	$	2,925,181
			Series - 2005 HI3 (Class M5) (Step Bond)
	81,639	i	Residential Funding Mortgage Securities II, Inc		6.010		02/25/36		82,165
			Series - 2006 HI1 (Class M1)
	3,500,000	i	Residential Funding Mortgage Securities II, Inc		6.060		02/25/36		3,640,678
			Series - 2006 HI1 (Class M2)
	1,000,000	g,i	Sanders Re Ltd		4.163		05/05/17		997,100
			Series - 2013 144A (Class )
	800,000		Santander Drive Auto Receivables Trust		1.960		05/15/20		793,007
			Series - 2015 5 (Class B)
	800,000		Santander Drive Auto Receivables Trust		2.740		12/15/21		793,462
			Series - 2015 5 (Class C)
	310,152	i	Saxon Asset Securities Trust		6.120		11/25/30		330,771
			Series - 2002 2 (Class AF6) (Step Bond)
	328,507	i	Securitized Asset Backed Receivables LLC		0.722		10/25/35		326,563
			Series - 2006 OP1 (Class A2C)
	128,490	g	Sierra Receivables Funding Co LLC		3.420		03/20/29		129,433
			Series - 2012 2A (Class B)
	917,716	g	Sierra Timeshare 2015-3 Receivables Funding LLC		2.580		09/20/32		902,213
			Series - 2015 3A (Class A)
	1,835,431	g	Sierra Timeshare 2015-3 Receivables Funding LLC		3.080		09/20/32		1,805,168
			Series - 2015 3A (Class B)
	842,891	g	SolarCity LMC		4.800		11/20/38		890,659
			Series - 2013 1 (Class A)
	917,933	g	SolarCity LMC		4.590		04/20/44		903,062
			Series - 2014 1 (Class A)
	1,441,983	g	SolarCity LMC		4.020		07/20/44		1,370,461
			Series - 2014 2 (Class A)
	101,285	i	Soundview Home Equity Loan Trust		0.722		11/25/35		101,152
			Series - 2005 OPT3 (Class A4)
	6,886,889	g	SpringCastle America Funding LLC		2.700		05/25/23		6,871,419
			Series - 2014 AA (Class A)
	2,514,287	i	Structured Asset Securities Corp Mortgage Loan Trust		1.744		04/25/35		2,389,039
			Series - 2005 7XS (Class 2A1A)
	3,070,389	i	Structured Asset Securities Corp Mortgage Loan Trust		0.481		02/25/36		3,058,962
			Series - 2006 WF1 (Class A5)
	4,000,000	g,i	Vitality Re IV Ltd		2.913		01/09/17		4,021,600
			Series - 2013 IV B (Class )
	401,703	g,m	Wachovia Amortization Controlled Heloc NIM		5.683		08/12/47		408,733
			Series - 2006 N1 (Class N1)
	79,030	g,i	Wachovia Loan Trust		0.782		05/25/35		76,997
			Series - 2005 SD1 (Class A)
	8,033	i	Wells Fargo Home Equity Trust		0.562		07/25/36		8,026
			Series - 2006 2 (Class A3)
	12,967,500	g	Wendys Funding LLC		3.371		06/15/45		12,652,232
			Series - 2015 1A (Class A2I)
			TOTAL ASSET BACKED						117,262,312
OTHER MORTGAGE BACKED - 9.1%
	4,234,926	i	American Home Mortgage Investment Trust		1.980		10/25/34		4,160,861
			Series - 2004 3 (Class 4A)
	2,826,628	i	American Home Mortgage Investment Trust		2.654		06/25/45		2,769,329
			Series - 2005 1 (Class 6A)

176

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,000,000	i	Banc of America Commercial Mortgage Trust		5.869	%	05/10/45	$	975,739
			Series - 2006 2 (Class C)
	6,000,000		Banc of America Commercial Mortgage Trust		5.480		10/10/45		5,885,722
			Series - 2006 6 (Class B)
	4,000,000	g,i	Banc of America Commercial Mortgage Trust		5.821		02/10/51		3,643,162
			Series - 2007 4 (Class E)
	4,000,000	i	Banc of America Commercial Mortgage Trust		5.971		02/10/51		3,994,550
			Series - 2007 5 (Class AJ)
	2,174,077	g,i	Banc of America Large Loan, Inc		5.948		02/15/51		2,251,799
			Series - 2010 UB3 (Class A4B3)
	2,226,000	i	Bear Stearns Commercial Mortgage Securities		5.920		09/11/42		2,349,170
			Series - 2007 T28 (Class AJ)
	456,262		Citicorp Mortgage Securities, Inc		5.500		07/25/35		442,420
			Series - 2005 4 (Class 1A7)
	2,000,000	i	Citigroup Commercial Mortgage Trust		5.975		03/15/49		2,009,993
			Series - 2006 C4 (Class AJ)
	365,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		383,134
			Series - 2007 C3 (Class AM)
	16,500,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		16,611,203
			Series - 2007 C3 (Class AJ)
	963,767	i	Commercial Mortgage Trust		5.238		04/10/37		962,928
			Series - 2005 GG5 (Class AJ)
	4,265,000	i	Commercial Mortgage Trust		6.147		12/10/49		4,189,151
			Series - 2007 GG11 (Class B)
	67,403		Countrywide Alternative Loan Trust		5.500		08/25/16		67,859
			Series - 2004 30CB (Class 1A15)
	1,492,489		Countrywide Alternative Loan Trust		5.000		04/25/20		1,509,174
			Series - 2005 6CB (Class 2A1)
	618,098	i	Countrywide Alternative Loan Trust		0.643		07/20/35		529,290
			Series - 2005 24 (Class 4A1)
	1,436,462	i	Countrywide Home Loan Mortgage Pass Through Trust		2.640		11/20/34		1,374,896
			Series - 2004 HYB6 (Class A2)
	173,039		Countrywide Home Loan Mortgage Pass Through Trust		5.250		09/25/35		169,080
			Series - 2005 17 (Class 1A10)
	2,368,000	g,i	Credit Suisse Commercial Mortgage Trust		5.415		02/25/21		2,397,174
			Series - 2006 K1A (Class J)
	700,000	g,i	Credit Suisse Commercial Mortgage Trust		5.415		02/25/21		707,336
			Series - 2006 K1A (Class H)
	90,000	i	Credit Suisse Commercial Mortgage Trust		5.903		09/15/39		90,766
			Series - 2007 C4 (Class A1AJ)
	6,000,000	i	Credit Suisse Commercial Mortgage Trust		5.949		09/15/39		6,060,967
			Series - 2007 C4 (Class AJ)
	1,870,000	g	Credit Suisse Commercial Mortgage Trust		5.383		02/15/40		1,903,626
			Series - 2009 RR1 (Class A3C)
	8,000,000	i	Credit Suisse Commercial Mortgage Trust		5.625		01/15/49		7,743,452
			Series - 2007 C2 (Class AJ)
	22,755		Credit Suisse First Boston Mortgage Securities Corp		4.771		07/15/37		22,740
			Series - 2005 C3 (Class AJ)
	1,300,000	i	GS Mortgage Securities Trust		5.553		04/10/38		1,300,949
			Series - 2006 GG6 (Class B)
	6,509,100		GS Mortgage Securities Trust		5.622		11/10/39		6,460,208
			Series - 2006 GG8 (Class AJ)

177

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,177,000		GSR Mortgage Loan Trust		6.000	%	01/25/35	$	1,198,432
			Series - 2005 1F (Class 3A3)
	2,175,638	i	GSR Mortgage Loan Trust		0.612		08/25/46		2,119,274
			Series - 2006 OA1 (Class 2A1)
	3,071,281	i	Harborview Mortgage Loan Trust		0.622		05/19/35		2,550,319
			Series - 2005 2 (Class 2A1A)
	1,271,468	i	Harborview Mortgage Loan Trust		0.622		07/19/47		1,036,150
			Series - 2007 4 (Class 2A1)
	322,219	i	Impac CMB Trust		1.082		03/25/35		298,593
			Series - 2004 11 (Class 2A1)
	2,492,237	i	Impac CMB Trust		0.672		05/25/35		2,254,028
			Series - 0 4 (Class 1A1B)
	4,520,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		4.911		07/15/42		4,519,655
			Series - 2005 LDP2 (Class C)
	310,000	g,i	JP Morgan Chase Commercial Mortgage Securities Trust		5.277		07/15/46		327,407
			Series - 2011 C4 (Class C)
	1,586,531	i	JP Morgan Mortgage Trust		2.677		11/25/33		1,591,290
			Series - 2006 A2 (Class 5A3)
	2,500,000	i	LB-UBS Commercial Mortgage Trust		6.049		06/15/38		2,538,739
			Series - 2006 C4 (Class B)
	3,000,000	i	LB-UBS Commercial Mortgage Trust		5.737		03/15/39		2,996,542
			Series - 2006 C3 (Class C)
	2,000,000	i	LB-UBS Commercial Mortgage Trust		5.533		02/15/40		2,003,054
			Series - 2007 C1 (Class C)
	3,000,000	i	LB-UBS Commercial Mortgage Trust		5.563		02/15/40		2,938,019
			Series - 2007 C1 (Class D)
	1,363,952		Lehman Mortgage Trust		5.500		11/25/35		1,274,501
			Series - 2005 1 (Class 2A4)
	5,443,858	g,i	LVII Resecuritization Trust		3.033		07/31/47		5,443,858
			Series - 2015 A (Class A)
	573,999	i	Merrill Lynch Mortgage Investors, Inc		2.661		12/25/35		571,185
			Series - 2005 A9 (Class 2A1B)
	75,000	i	Merrill Lynch Mortgage Trust		6.267		02/12/51		79,558
			Series - 0 C1 (Class AJA)
	5,455,000	i	ML-CFC Commercial Mortgage Trust		5.526		03/12/51		5,569,833
			Series - 2007 6 (Class AM)
	3,149,500	i	Morgan Stanley Capital I Trust		0.860		02/25/35		2,950,234
			Series - 2005 WMC2 (Class M3)
	4,000,000	g,i	Morgan Stanley Capital I Trust		5.847		08/12/41		4,056,321
			Series - 2006 T23 (Class B)
	5,000,000	i	Morgan Stanley Capital I Trust		5.389		11/12/41		5,016,490
			Series - 2006 HQ10 (Class AJ)
	1,040,000	i	Morgan Stanley Capital I Trust		5.832		07/12/44		1,048,927
			Series - 2006 HQ9 (Class B)
	1,830,000	i	Morgan Stanley Capital I Trust		5.842		07/12/44		1,822,048
			Series - 2006 HQ9 (Class C)
	82,000	g,i	Morgan Stanley Capital I Trust		5.438		09/15/47		86,232
			Series - 2011 C1 (Class D)
	1,500,000	i	Morgan Stanley Capital I Trust		5.861		04/12/49		1,494,000
			Series - 2007 HQ12 (Class C)
	7,700,000	i	Morgan Stanley Capital I Trust		5.907		06/11/49		7,668,862
			Series - 2007 IQ15 (Class AJ)

178

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	4,000,000	i	Morgan Stanley Capital I Trust		6.097	%	12/12/49	$	3,813,861
			Series - 2007 IQ16 (Class AJFX)
	1,000,000	i	Morgan Stanley Capital I Trust		6.319		12/12/49		948,649
			Series - 2007 IQ16 (Class AJA)
	2,486,001	i	Option One Mortgage Loan Trust		0.950		05/25/34		2,294,703
			Series - 2004 2 (Class M1)
	1,805,729		RALI Trust		4.250		12/26/33		1,803,817
			Series - 2003 QS22 (Class A5)
	350,593	i	RALI Trust		0.722		01/25/35		335,050
			Series - 2005 QA1 (Class A1)
	2,931		Residential Accredit Loans, Inc		4.350		03/25/34		2,928
			Series - 2004 QS4 (Class A1)
	1,806,040	i	Structured Adjustable Rate Mortgage Loan Trust		0.762		08/25/35		1,724,052
			Series - 2005 16XS (Class A1)
	4,000,000	i	Structured Agency Credit Risk Debt Note (STACR)		3.272		04/25/28		3,992,078
			Series - 2015 DNA3 (Class M2)
	1,698,912	g,i	Terwin Mortgage Trust		1.202		03/25/35		1,637,954
			Series - 2005 3SL (Class M1)
	6,000,000	g,i	Wachovia Bank Commercial Mortgage Trust		0.551		12/15/43		5,744,875
			Series - 2007 C30 (Class AMFL)
	4,000,000	i	Wachovia Bank Commercial Mortgage Trust		5.625		01/15/45		3,991,798
			Series - 2006 C23 (Class F)
	13,250,000	i	Wachovia Bank Commercial Mortgage Trust		5.825		07/15/45		13,231,613
			Series - 2006 C27 (Class AJ)
	5,000,000	i	Wachovia Bank Commercial Mortgage Trust		5.865		07/15/45		4,552,361
			Series - 2006 C27 (Class B)
	6,650,000	i	Wachovia Bank Commercial Mortgage Trust		5.947		05/15/46		6,706,143
			Series - 2007 C34 (Class AJ)
	1,095,000	i	Wachovia Bank Commercial Mortgage Trust		5.591		04/15/47		1,134,980
			Series - 2007 C31 (Class AM)
	14,875,000	i	Wachovia Bank Commercial Mortgage Trust		5.660		04/15/47		14,860,451
			Series - 2007 C31 (Class AJ)
	6,440,000	i	Wachovia Bank Commercial Mortgage Trust		5.680		04/15/47		6,246,312
			Series - 2007 C31 (Class C)
	10,000,000	g	Wachovia Bank Commercial Mortgage Trust		5.703		06/15/49		10,418,489
			Series - 2007 C32 (Class AMFX)
	2,665,000	g,i	Wachovia Bank Commercial Mortgage Trust		5.715		06/15/49		572,975
			Series - 2007 C32 (Class J)
	16,700,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		16,693,806
			Series - 2007 C32 (Class AJ)
	9,000,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		8,313,274
			Series - 2007 C32 (Class B)
	40,000	i	Wachovia Bank Commercial Mortgage Trust		5.953		02/15/51		42,016
			Series - 2007 C33 (Class AM)
	2,890,804	i	WaMu Mortgage Pass-Through Certificates		0.692		07/25/45		2,717,852
			Series - 0 AR8 (Class 1A1A)
	1,114,149	i	WaMu Mortgage Pass-Through Certificates		0.772		12/25/45		964,432
			Series - 2005 AR19 (Class A1B3)
			TOTAL OTHER MORTGAGE BACKED						257,164,698
			TOTAL STRUCTURED ASSETS						374,427,010
			(Cost $376,356,956)

179

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
			TOTAL BONDS					$	2,639,278,851
			(Cost $2,693,591,333)
SHORT-TERM INVESTMENTS - 8.3%
GOVERNMENT AGENCY DEBT - 4.4%
$	50,000,000	d	Federal Home Loan Bank (FHLB)		0.170	%	01/25/16		49,995,600
	18,500,000		FHLB		0.240		01/28/16		18,498,150
	15,000,000	d	FHLB		0.140		02/26/16		14,994,480
	40,000,000	d	Federal National Mortgage Association (FNMA)		0.140		03/02/16		39,980,680
			TOTAL GOVERNMENT AGENCY DEBT						123,468,910
TREASURY DEBT - 3.9%
	11,000,000		United States Treasury Bill		0.102		02/11/16		10,998,471
	50,000,000	d	United States Treasury Bill		0.196		03/31/16		49,978,900
	50,000,000		United States Treasury Bill		0.398		06/09/16		49,901,950
			TOTAL TREASURY DEBT						110,879,321
			TOTAL SHORT-TERM INVESTMENTS						234,348,231
			(Cost $234,364,248)
			TOTAL INVESTMENTS - 106.3%						3,011,373,565
			(Cost $3,069,924,927)
			OTHER ASSETS & LIABILITIES, NET - (6.3)%						(178,300,490	)
			NET ASSETS - 100.0%					$	2,833,073,075

	Abbreviation(s):
BRL	Brazilian Real
CDO	Collateralized Debt Obligation
COP	Columbian Peso
DOP	Dominican Peso
IDR	Indonesian Rupiah
MXN	Mexican Peso
PHP	Philippine Peso
REIT	Real Estate Investment Trust
TRY	Turkish Lira
ZAR	South African Rand
d	All or a portion of these securities have been segregated by the custodian to cover collateral requirements on mortgage dollar rolls.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 12/31/2015, the aggregate value of these securities was $468,883,865 or 16.6% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
k	Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index.

m	Indicates a security that has been deemed illiquid.
o	Payment in Kind Bond

180

TIAA-CREF FUNDS - High-Yield Fund

TIAA-CREF FUNDS

HIGH-YIELD FUND

SCHEDULE OF INVESTMENTS (unaudited)

December 31, 2015

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
BANK LOAN OBLIGATIONS - 11.6%
AUTOMOBILES & COMPONENTS - 0.5%
$	17,864,322	i	Gates Global LLC		4.250	%	07/05/21	$	16,715,824
			TOTAL AUTOMOBILES & COMPONENTS						16,715,824
CAPITAL GOODS - 0.5%
	12,775,000	i	CHI Overhead Doors, Inc		8.750		07/31/23		11,816,875
	4,275,000	i	Plaze, Inc		5.250		07/31/22		4,232,250
			TOTAL CAPITAL GOODS						16,049,125
COMMERCIAL & PROFESSIONAL SERVICES - 1.1%
	13,312,602	i	Creative Artists Agency LLC		5.500		12/17/21		13,246,039
	13,275,000	i	SterlingBackcheck		8.750		06/19/23		13,092,469
	8,575,000	i	XPO Logistics, Inc		5.500		10/30/21		8,528,524
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						34,867,032
CONSUMER DURABLES & APPAREL - 0.6%
	11,347,828	i	Academy Ltd		5.000		07/01/22		10,922,284
	9,902,174	i	Otter Products LLC		5.750		06/03/20		9,444,198
			TOTAL CONSUMER DURABLES & APPAREL						20,366,482
CONSUMER SERVICES - 1.7%
	13,275,000	i	CDS US Intermediate Holdings, Inc		9.250		07/10/23		12,478,500
	14,962,500	i	Knowledge Universe Education LLC		6.000		08/13/22		14,588,437
	5,278,902	i	Marina District Finance Co, Inc		6.500		08/15/18		5,265,704
	5,401,928	i	Peninsula Gaming LLC		4.250		11/20/17		5,374,918
	16,617,429	i	Spin Holdco, Inc		4.250		11/14/19		15,927,806
			TOTAL CONSUMER SERVICES						53,635,365
DIVERSIFIED FINANCIALS - 0.2%
	5,145,566	i	TransUnion LLC		3.500		04/09/21		4,989,038
			TOTAL DIVERSIFIED FINANCIALS						4,989,038
ENERGY - 0.6%
	12,456,964	i	Arch Coal, Inc		6.250		05/16/18		5,484,552
	8,650,000	i	Granite Acquisition, Inc		8.250		12/19/22		6,574,000
	4,987,500	i	Petrochoice Holdings, Inc		6.000		08/21/22		4,887,750
			TOTAL ENERGY						16,946,302
FOOD & STAPLES RETAILING - 1.3%
	14,825,438	i	Albertson’s Holdings LLC		5.500		08/25/21		14,682,817
	11,550,000	i	Albertsons LLC		5.500		12/31/22		11,469,150
	2,000,000	i	Rite Aid Corp		5.750		08/21/20		2,001,000
	11,000,000	i	Rite Aid Corp		4.875		06/21/21		10,962,160
			TOTAL FOOD & STAPLES RETAILING						39,115,127

181

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
INSURANCE - 1.0%
$	20,596,867	i	Acrisure LLC		6.500	%	05/19/22	$	19,695,754
	3,750,000	i	AssuredPartners, Inc		5.750		10/22/22		3,718,763
	8,677,462	i	USI, Inc		4.250		12/27/19		8,380,259
			TOTAL INSURANCE						31,794,776
MATERIALS - 0.4%
	1,914,928	i	Minerals Technologies, Inc		3.768		05/10/21		1,905,353
	1,234,375	i	Solenis International LP		4.250		07/31/21		1,181,149
	12,000,000	i	Solenis International LP		7.750		07/31/22		9,450,000
			TOTAL MATERIALS						12,536,502
MEDIA - 1.1%
	25,275,000	i	Neptune Finco Corp		5.000		10/09/22		25,203,977
	8,606,438	i	Time, Inc		4.250		04/26/21		8,477,341
			TOTAL MEDIA						33,681,318
REAL ESTATE - 0.5%
	10,400,000		DTZ US Borrower LLC		9.250		11/04/22		10,226,632
	5,250,000	i	DTZ US Borrower LLC		9.250		11/04/22		5,162,482
			TOTAL REAL ESTATE						15,389,114
SOFTWARE & SERVICES - 1.7%
	16,800,000	i	Asurion LLC		8.500		03/03/21		14,238,000
	17,000,000	i	Evergreen Skills Lux S.a.r.l.		9.250		04/28/22		11,007,500
	12,000,000	i	Mitchell International, Inc		8.500		10/11/21		11,420,040
	5,060,444	i	P2 Lower Acquisition LLC		5.500		10/22/20		4,997,188
	3,150,000	i	P2 Lower Acquisition LLC		9.500		10/22/21		3,102,750
	10,271,080	i	ProQuest LLC		5.750		10/24/21		10,052,820
			TOTAL SOFTWARE & SERVICES						54,818,298
TECHNOLOGY HARDWARE & EQUIPMENT - 0.1%
	4,788,728	i	Scientific Games International, Inc		6.000		10/18/20		4,369,715
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						4,369,715
TELECOMMUNICATION SERVICES - 0.2%
	5,737,647	i	Internap Network Services Corp		6.000		11/26/19		5,393,389
			TOTAL TELECOMMUNICATION SERVICES						5,393,389
UTILITIES - 0.1%
	4,353,750	i	Calpine Corp		4.000		10/09/19		4,234,022
			TOTAL UTILITIES						4,234,022
			TOTAL BANK LOAN OBLIGATIONS						364,901,429
			(Cost $391,832,247)
BONDS - 78.0%
CORPORATE BONDS - 78.0%

182

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
AUTOMOBILES & COMPONENTS - 1.5%
$	18,600,000	g	Gates Global LLC		6.000	%	07/15/22	$	13,392,000
	7,600,000		Goodyear Tire & Rubber Co		6.500		03/01/21		7,989,500
	7,550,000	g	Schaeffler Finance BV		4.750		05/15/23		7,399,000
	2,550,000	g,o	Schaeffler Holding Finance BV		6.875		08/15/18		2,626,500
	4,140,000	g,o	Schaeffler Holding Finance BV		6.250		11/15/19		4,326,300
	7,060,000	g,o	Schaeffler Holding Finance BV		6.750		11/15/22		7,589,500
	1,800,000	g	ZF North America Capital, Inc		4.000		04/29/20		1,814,850
	825,000	g	ZF North America Capital, Inc		4.500		04/29/22		806,438
	1,800,000	g	ZF North America Capital, Inc		4.750		04/29/25		1,714,500
			TOTAL AUTOMOBILES & COMPONENTS						47,658,588
BANKS - 1.9%
	3,500,000	g,i	BNP Paribas S.A.		7.375		12/30/49		3,591,875
	9,500,000	i	Citigroup, Inc		6.125		12/30/49		9,690,000
	5,600,000	i	ING Groep NV		6.000		12/30/49		5,600,000
	2,600,000	i	JPMorgan Chase & Co		7.900		12/30/49		2,646,800
	4,750,000	g,i	Lloyds Banking Group plc		6.657		12/30/49		5,320,000
	9,500,000	g,i	Nordea Bank AB		5.500		12/30/49		9,464,375
	6,250,000		Royal Bank of Scotland Group plc		6.125		12/15/22		6,804,431
	2,250,000		Royal Bank of Scotland Group plc		6.100		06/10/23		2,418,577
	5,500,000		Royal Bank of Scotland Group plc		6.000		12/19/23		5,923,533
	9,500,000	g,i	Societe Generale S.A.		8.000		12/30/49		9,681,137
			TOTAL BANKS						61,140,728
CAPITAL GOODS - 1.0%
	1,525,000		Anixter, Inc		5.625		05/01/19		1,586,000
	3,000,000		Anixter, Inc		5.125		10/01/21		3,000,000
	4,335,000	g	Huntington Ingalls Industries, Inc		5.000		12/15/21		4,416,281
	14,130,000	g	Stena AB		7.000		02/01/24		12,010,500
	4,960,000		TransDigm, Inc		5.500		10/15/20		4,798,800
	5,000,000		TransDigm, Inc		6.500		07/15/24		4,972,500
			TOTAL CAPITAL GOODS						30,784,081
COMMERCIAL & PROFESSIONAL SERVICES - 3.5%
	8,575,000		ADT Corp		4.125		04/15/19		8,821,531
	3,725,000		ADT Corp		6.250		10/15/21		3,890,949
	2,500,000		AECOM		5.750		10/15/22		2,575,000
	6,250,000		AECOM		5.875		10/15/24		6,375,000
	8,150,000		Clean Harbors, Inc		5.250		08/01/20		8,313,000
	1,925,000		Clean Harbors, Inc		5.125		06/01/21		1,949,062
	5,000,000	g,o	Neovia Logistics Intermediate Holdings LLC		10.000		02/15/18		4,800,000
	7,825,000		RR Donnelley & Sons Co		7.875		03/15/21		8,091,050
	1,675,000		RR Donnelley & Sons Co		7.000		02/15/22		1,584,969
	8,650,000		RR Donnelley & Sons Co		6.500		11/15/23		8,001,250
	17,525,000	g	SPL Logistics Escrow LLC		8.875		08/01/20		17,086,875
	3,000,000		United Rentals North America, Inc		7.375		05/15/20		3,165,000
	2,169,000		United Rentals North America, Inc		8.250		02/01/21		2,269,316
	2,825,000		United Rentals North America, Inc		7.625		04/15/22		3,019,077
	16,425,000		United Rentals North America, Inc		5.500		07/15/25		15,932,250
	16,000,000	g	XPO Logistics, Inc		6.500		06/15/22		14,800,000
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						110,674,329

183

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
CONSUMER DURABLES & APPAREL - 2.0%
$	5,443,000		DR Horton, Inc		3.750	%	03/01/19	$	5,443,000
	7,000,000		KB Home		4.750		05/15/19		6,790,000
	6,300,000		KB Home		7.000		12/15/21		6,213,375
	4,750,000		KB Home		7.625		05/15/23		4,690,625
	9,500,000		Lennar Corp		4.500		06/15/19		9,660,313
	5,000,000		Lennar Corp		4.500		11/15/19		5,084,375
	7,925,000	g	Orbital ATK, Inc		5.500		10/01/23		8,043,875
	1,800,000		Standard Pacific Corp		8.375		01/15/21		2,088,000
	11,400,000		Standard Pacific Corp		5.875		11/15/24		11,913,000
			TOTAL CONSUMER DURABLES & APPAREL						59,926,563
CONSUMER SERVICES - 3.0%
	6,250,000	g	1011778 BC / New Red Fin		4.625		01/15/22		6,265,625
	13,250,000	g	1011778 BC / New Red Fin		6.000		04/01/22		13,647,500
	6,026,000		Ameristar Casinos, Inc		7.500		04/15/21		6,282,105
	3,375,000		ARAMARK Corp		5.750		03/15/20		3,491,016
	4,000,000	g	Aramark Services, Inc		5.125		01/15/24		4,075,000
	3,727,000		Boyd Gaming Corp		9.000		07/01/20		3,950,620
	2,000,000		MGM Resorts International		5.250		03/31/20		1,980,000
	4,250,000		MGM Resorts International		6.750		10/01/20		4,366,875
	11,250,000		MGM Resorts International		6.000		03/15/23		11,165,625
	10,250,000		Penn National Gaming, Inc		5.875		11/01/21		9,942,500
	2,130,000		Pinnacle Entertainment, Inc		6.375		08/01/21		2,239,163
	10,015,000	g	Six Flags Entertainment Corp		5.250		01/15/21		10,140,188
	4,665,000		Speedway Motorsports, Inc		5.125		02/01/23		4,618,350
	18,000,000	g	Wynn Las Vegas LLC		5.500		03/01/25		16,042,500
			TOTAL CONSUMER SERVICES						98,207,067
DIVERSIFIED FINANCIALS - 4.0%
	5,950,000		AerCap Ireland Capital Ltd		5.000		10/01/21		6,128,500
	5,000,000		Ally Financial, Inc		3.250		02/13/18		4,975,000
	6,000,000		Ally Financial, Inc		4.750		09/10/18		6,142,500
	5,000,000		Ally Financial, Inc		4.125		02/13/22		4,950,000
	3,000,000	g	CIT Group, Inc		5.500		02/15/19		3,135,000
	5,000,000		CIT Group, Inc		3.875		02/19/19		4,975,000
	7,600,000	g,i	Credit Suisse Group AG.		6.250		12/30/49		7,594,285
	831,000		General Motors Acceptance Corp LLC		8.000		11/01/31		976,425
	10,000,000		GMAC, Inc		8.000		11/01/31		11,550,000
	2,100,000		Icahn Enterprises LP		4.875		03/15/19		2,081,100
	11,425,000		Icahn Enterprises LP		5.875		02/01/22		11,167,937
	8,000,000		International Lease Finance Corp		6.250		05/15/19		8,570,000
	3,600,000		International Lease Finance Corp		8.250		12/15/20		4,257,000
	2,000,000		International Lease Finance Corp		4.625		04/15/21		2,050,000
	5,000,000		International Lease Finance Corp		5.875		08/15/22		5,325,000
	13,500,000		NewStar Financial, Inc		7.250		05/01/20		13,095,000
	11,325,000		SLM Corp		5.500		01/15/19		10,588,875
	13,100,000		SLM Corp		4.875		06/17/19		12,052,000
	8,000,000		SLM Corp		6.125		03/25/24		6,520,000
			TOTAL DIVERSIFIED FINANCIALS						126,133,622

184

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
ENERGY - 10.8%
$	2,000,000		Ashland, Inc		6.875	%	05/15/43	$	1,900,000
	1,034,000		California Resources Corp		5.000		01/15/20		368,362
	2,183,000		California Resources Corp		5.500		09/15/21		687,645
	19,760,000	g	California Resources Corp		8.000		12/15/22		10,398,700
	4,151,000		California Resources Corp		6.000		11/15/24		1,266,055
	12,960,000		Calumet Specialty Products Partners LP		6.500		04/15/21		11,275,200
	9,835,000		Calumet Specialty Products Partners LP		7.625		01/15/22		8,359,750
	13,000,000	g	Calumet Specialty Products Partners LP		7.750		04/15/23		11,050,000
	5,700,000	g	Chesapeake Energy Corp		8.000		12/15/22		2,793,000
	12,950,000		Cloud Peak Energy Resources LLC		8.500		12/15/19		6,475,000
	7,800,000		Concho Resources, Inc		6.500		01/15/22		7,488,000
	2,450,000		Concho Resources, Inc		5.500		04/01/23		2,266,250
	6,120,000		Crestwood Midstream Partners LP		6.000		12/15/20		4,498,200
	2,000,000		Crestwood Midstream Partners LP		6.125		03/01/22		1,390,000
	4,945,000	g	Crestwood Midstream Partners LP		6.250		04/01/23		3,449,137
	1,900,000		Denbury Resources, Inc		6.375		08/15/21		684,000
	4,750,000		Denbury Resources, Inc		5.500		05/01/22		1,576,905
	8,750,000		Dynegy, Inc		6.750		11/01/19		8,225,000
	5,000,000		Dynegy, Inc		7.375		11/01/22		4,350,000
	5,000,000		Dynegy, Inc		7.625		11/01/24		4,274,000
	5,435,000		El Paso Corp		7.750		01/15/32		5,157,532
	11,000,000		EP Energy LLC		9.375		05/01/20		7,012,500
	6,030,000		EP Energy LLC		7.750		09/01/22		3,075,300
	8,400,000		EP Energy LLC		6.375		06/15/23		4,200,000
	14,900,000		Exterran Partners LP		6.000		04/01/21		12,255,250
	7,500,000		Exterran Partners LP		6.000		10/01/22		6,112,500
	9,360,000	g	Halcon Resources Corp		12.000		02/15/22		6,130,800
	9,600,000		Linn Energy LLC		6.250		11/01/19		1,584,000
	6,750,000		Linn Energy LLC		6.500		05/15/19		1,181,250
	2,000,000		Linn Energy LLC		7.750		02/01/21		290,000
	6,200,000		Matador Resources Co		6.875		04/15/23		5,766,000
	2,500,000		Murphy Oil USA, Inc		6.000		08/15/23		2,625,000
	3,600,000		Newfield Exploration Co		5.375		01/01/26		2,979,000
	5,075,000		Noble Energy, Inc		5.625		05/01/21		4,964,299
	3,350,000		Noble Energy, Inc		5.875		06/01/24		3,205,565
	11,900,000		Oasis Petroleum, Inc		6.875		03/15/22		7,616,000
	1,845,000		Oasis Petroleum, Inc		6.875		01/15/23		1,143,900
	4,800,000		Peabody Energy Corp		6.000		11/15/18		888,000
	5,500,000		Peabody Energy Corp		6.500		09/15/20		756,250
	9,500,000		Peabody Energy Corp		6.250		11/15/21		1,306,250
	4,750,000	g	Peabody Energy Corp		10.000		03/15/22		902,500
	3,000,000		Peabody Energy Corp		4.750		12/15/41		150,000
	2,665,000		Precision Drilling Corp		6.500		12/15/21		2,052,050
	2,562,000		Precision Drilling Corp		5.250		11/15/24		1,742,160
	11,391,000		Precision Drilling Trust		6.625		11/15/20		8,884,980
	7,335,000		Questar Market Resources, Inc		6.875		03/01/21		6,014,700
	4,750,000		Range Resources Corp		5.750		06/01/21		3,752,500
	4,000,000		Regency Energy Partners LP		5.750		09/01/20		3,908,024
	3,923,000		Regency Energy Partners LP		5.875		03/01/22		3,697,973
	10,835,000		Sabine Pass Liquefaction LLC		5.625		02/01/21		9,968,200
	7,500,000		Sabine Pass Liquefaction LLC		5.625		04/15/23		6,581,250

185

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,000,000		Sabine Pass Liquefaction LLC		5.750	%	05/15/24	$	870,000
	12,100,000	g	Sabine Pass Liquefaction LLC		5.625		03/01/25		10,239,625
	7,445,000		Sabine Pass LNG LP		6.500		11/01/20		7,221,650
	9,000,000		SM Energy Co		6.500		11/15/21		6,705,000
	5,850,000		SM Energy Co		6.125		11/15/22		4,299,750
	5,795,000		SM Energy Co		6.500		01/01/23		4,259,325
	8,000,000	g	Sunoco LP		5.500		08/01/20		7,580,000
	10,250,000	g	Sunoco LP		6.375		04/01/23		9,635,000
	8,000,000	g	Targa Resources Partners LP		5.000		01/15/18		7,400,000
	4,350,000		Tesoro Corp		5.375		10/01/22		4,360,875
	4,800,000	g	Tesoro Logistics LP		5.500		10/15/19		4,656,000
	2,000,000		Tesoro Logistics LP		5.875		10/01/20		1,910,000
	2,000,000	g	Tesoro Logistics LP		6.250		10/15/22		1,895,000
	3,800,000		Transocean, Inc		6.000		03/15/18		3,382,000
	15,650,000		Transocean, Inc		7.125		12/15/21		10,113,813
	1,900,000		Transocean, Inc		4.300		10/15/22		1,007,000
	6,220,000		Transocean, Inc		6.800		03/15/38		3,348,133
	6,985,000	g	Ultra Petroleum Corp		5.750		12/15/18		1,676,400
	8,200,000	g	Ultra Petroleum Corp		6.125		10/01/24		1,865,500
	8,150,000		Whiting Petroleum Corp		5.000		03/15/19		6,153,250
	12,450,000		WPX Energy, Inc		7.500		08/01/20		10,084,500
	10,500,000		WPX Energy, Inc		6.000		01/15/22		7,350,000
	9,950,000		WPX Energy, Inc		8.250		08/01/23		7,960,000
			TOTAL ENERGY						342,651,758
FOOD & STAPLES RETAILING - 0.4%
	12,960,000		Ingles Markets, Inc		5.750		06/15/23		12,927,600
			TOTAL FOOD & STAPLES RETAILING						12,927,600
FOOD, BEVERAGE & TOBACCO - 1.1%
	7,500,000		Constellation Brands, Inc		4.750		12/01/25		7,640,625
	7,150,000	g	Post Holdings, Inc		6.750		12/01/21		7,293,000
	13,335,000		Post Holdings, Inc		7.375		02/15/22		13,901,737
	5,509,000		Smithfield Foods, Inc		6.625		08/15/22		5,715,588
			TOTAL FOOD, BEVERAGE & TOBACCO						34,550,950
HEALTH CARE EQUIPMENT & SERVICES - 6.6%
	2,950,000		CHS/Community Health Systems		8.000		11/15/19		2,972,125
	5,000,000		CHS/Community Health Systems		5.125		08/01/21		4,975,000
	17,275,000		CHS/Community Health Systems		6.875		02/01/22		16,389,656
	5,000,000	g	Fresenius Medical Care Capital Trust		5.625		07/31/19		5,387,500
	3,047,000	g	Fresenius Medical Care Capital Trust		5.750		02/15/21		3,260,290
	575,000		HCA Holdings, Inc		6.250		02/15/21		608,062
	10,000,000		HCA, Inc		6.500		02/15/20		10,895,000
	13,600,000		HCA, Inc		7.500		02/15/22		15,062,000
	1,800,000		HCA, Inc		5.875		03/15/22		1,899,000
	13,350,000		HCA, Inc		5.375		02/01/25		13,183,125
	19,250,000		HCA, Inc		5.875		02/15/26		19,322,188
	900,000		HCA, Inc		7.500		11/06/33		958,500
	7,125,000		HealthSouth Corp		5.125		03/15/23		6,822,187
	4,625,000		HealthSouth Corp		5.750		11/01/24		4,411,094
	9,200,000		Kinetic Concepts, Inc		10.500		11/01/18		8,970,000

186

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	8,000,000		Kinetic Concepts, Inc		12.500	%	11/01/19	$	7,280,000
	6,075,000		LifePoint Health, Inc		5.875		12/01/23		6,166,125
	3,325,000		LifePoint Hospitals, Inc		5.500		12/01/21		3,383,188
	10,863,000		Mallinckrodt International Finance S.A.		3.500		04/15/18		10,319,850
	6,875,000	g	Mallinckrodt International Finance S.A.		5.750		08/01/22		6,600,000
	2,342,000		Mallinckrodt International Finance S.A.		4.750		04/15/23		2,072,670
	4,750,000	g	Mallinckrodt International Finance S.A.		5.625		10/15/23		4,512,500
	1,900,000	g	Mallinckrodt International Finance S.A.		5.500		04/15/25		1,748,000
	13,800,000		Tenet Healthcare Corp		5.000		03/01/19		12,730,500
	7,500,000		Tenet Healthcare Corp		6.750		02/01/20		7,125,000
	4,450,000		Tenet Healthcare Corp		6.000		10/01/20		4,683,625
	16,000,000		Tenet Healthcare Corp		8.125		04/01/22		15,960,000
	7,375,000		Tenet Healthcare Corp		6.750		06/15/23		6,840,313
	1,750,000		Tenet Healthcare Corp		6.875		11/15/31		1,417,500
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						205,954,998
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	4,800,000	g	First Quality Finance Co, Inc		4.625		05/15/21		4,368,000
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						4,368,000
INSURANCE - 0.4%
	11,250,000	g	Onex USI Acquisition Corp		7.750		01/15/21		10,800,000
			TOTAL INSURANCE						10,800,000
MATERIALS - 7.1%
	1,900,000		Alcoa, Inc		5.125		10/01/24		1,729,000
	2,750,000		ArcelorMittal		6.250		08/05/20		2,196,562
	4,750,000		ArcelorMittal		6.500		03/01/21		3,823,227
	2,750,000		ArcelorMittal		7.250		02/25/22		2,213,750
	3,700,000		ArcelorMittal		8.000		10/15/39		2,525,250
	5,700,000		ArcelorMittal		7.750		03/01/41		3,854,625
	7,000,000		Ball Corp		4.375		12/15/20		7,109,375
	3,700,000	g	Belden, Inc		5.500		09/01/22		3,561,250
	4,750,000		Berry Plastics Corp		5.500		05/15/22		4,732,188
	14,175,000	g	Berry Plastics Corp		6.000		10/15/22		14,423,062
	20,000,000	g	Blue Cube Spinco, Inc		9.750		10/15/23		21,575,000
	11,400,000	g	Blue Cube Spinco, Inc		10.000		10/15/25		12,540,000
	5,100,000	g	Cascades, Inc		5.500		07/15/22		4,947,000
	15,675,000	g	Cemex SAB de C.V.		5.700		01/11/25		13,108,219
	2,000,000		Crown Americas LLC		6.250		02/01/21		2,065,000
	2,391,000		Eagle Spinco, Inc		4.625		02/15/21		2,199,720
	14,400,000	g	Eldorado Gold Corp		6.125		12/15/20		12,600,000
	13,700,000	g	Evolution Escrow Issuer LLC		7.500		03/15/22		7,946,000
	900,000	g	FMG Resources August 2006 Pty Ltd		9.750		03/01/22		823,500
	1,800,000	g	FMG Resources August 2006 Pty Ltd		6.875		04/01/22		1,107,000
	10,450,000		Hexion US Finance Corp		8.875		02/01/18		7,367,250
	15,460,000		Hexion US Finance Corp		6.625		04/15/20		12,097,450
	13,200,000		Hexion US Finance Corp		9.000		11/15/20		5,049,000
	25,500,000	g	Owens-Brockway Glass Container, Inc		5.875		08/15/23		25,882,500
	1,650,000		PolyOne Corp		5.250		03/15/23		1,608,750
	7,778,000	g	Sappi Papier Holding AG.		6.625		04/15/21		7,855,780
	685,000	g	Sealed Air Corp		6.500		12/01/20		755,213

187

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	7,000,000	g	Sealed Air Corp		4.875	%	12/01/22	$	7,017,500
	1,675,000		Steel Dynamics, Inc		5.125		10/01/21		1,549,375
	650,000		Steel Dynamics, Inc		6.375		08/15/22		624,000
	6,650,000		Teck Resources Ltd		6.125		10/01/35		2,971,752
	9,500,000		Teck Resources Ltd		6.250		07/15/41		4,180,000
	13,940,000		Tronox Finance LLC		6.375		08/15/20		8,389,092
	13,370,000	g	Univar, Inc		6.750		07/15/23		12,200,125
			TOTAL MATERIALS						222,627,515
MEDIA - 8.3%
	7,500,000		AMC Entertainment, Inc		5.875		02/15/22		7,612,500
	5,000,000		AMC Entertainment, Inc		5.750		06/15/25		5,025,000
	4,175,000		CCO Holdings LLC		6.500		04/30/21		4,342,000
	1,960,000		CCO Holdings LLC		6.625		01/31/22		2,065,350
	4,750,000		CCO Holdings LLC		5.750		01/15/24		4,880,625
	4,750,000	g	CCO Holdings LLC		5.375		05/01/25		4,726,250
	6,650,000	g	CCO Holdings LLC		5.875		05/01/27		6,616,750
	9,500,000	g	CCOH Safari LLC		5.750		02/15/26		9,523,750
	1,000,000		Cinemark USA, Inc		7.375		06/15/21		1,052,500
	5,000,000		Cinemark USA, Inc		4.875		06/01/23		4,875,000
	13,110,000		Clear Channel Worldwide Holdings, Inc		7.625		03/15/20		12,110,362
	940,000		Clear Channel Worldwide Holdings, Inc		7.625		03/15/20		855,400
	2,010,000		Clear Channel Worldwide Holdings, Inc		6.500		11/15/22		1,939,650
	6,250,000		DISH DBS Corp		6.750		06/01/21		6,296,875
	5,000,000		DISH DBS Corp		5.875		07/15/22		4,662,500
	8,780,000		DISH DBS Corp		5.000		03/15/23		7,616,650
	4,150,000		DISH DBS Corp		5.875		11/15/24		3,693,500
	1,400,000	g	Gannett Co, Inc		4.875		09/15/21		1,403,500
	3,375,000	g	Gannett Co, Inc		5.500		09/15/24		3,375,000
	4,275,000		Lamar Media Corp		5.875		02/01/22		4,488,750
	675,000	g	Lynx I Corp		5.375		04/15/21		696,937
	3,800,000	g	Lynx II Corp		6.375		04/15/23		3,857,000
	4,500,000		Nielsen Finance LLC		4.500		10/01/20		4,567,500
	11,875,000	g	Nielsen Finance LLC		5.000		04/15/22		11,726,563
	17,000,000	g	Numericable Group S.A.		6.000		05/15/22		16,490,000
	5,000,000	g	Numericable-SFR		4.875		05/15/19		4,956,250
	1,250,000		Outfront Media Capital LLC		5.250		02/15/22		1,278,125
	1,350,000	g	Outfront Media Capital LLC		5.625		02/15/24		1,383,750
	4,400,000		Regal Entertainment Group		5.750		03/15/22		4,400,000
	5,650,000		Regal Entertainment Group		5.750		06/15/23		5,621,750
	4,000,000		Regal Entertainment Group		5.750		02/01/25		3,860,000
	11,400,000	g	Sirius XM Radio, Inc		5.875		10/01/20		11,941,500
	10,638,000		Starz LLC		5.000		09/15/19		10,770,975
	12,250,000	g	Time, Inc		5.750		04/15/22		11,208,750
	1,900,000	g	Unitymedia Hessen GmbH & Co KG		5.000		01/15/25		1,814,500
	7,875,000	g	Unitymedia KabelBW GmbH		6.125		01/15/25		7,781,681
	6,896,000	g	Univision Communications, Inc		6.750		09/15/22		7,145,980
	5,000,000	g	Univision Communications, Inc		5.125		05/15/23		4,812,500
	27,800,000	g	Univision Communications, Inc		5.125		02/15/25		26,410,000
	8,000,000	g	UPCB Finance IV Ltd		5.375		01/15/25		7,540,000
	3,025,000	g	Virgin Media Finance plc		6.000		10/15/24		3,017,438
	14,550,000	g	Virgin Media Secured Finance plc		5.250		01/15/26		14,149,875
			TOTAL MEDIA						262,592,986

188

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.1%
$	2,577,000	g	Endo Finance LLC		7.750	%	01/15/22	$	2,634,982
	2,375,000	g	Endo Finance LLC		5.875		01/15/23		2,327,500
	6,700,000	g	Endo Finance LLC		6.000		02/01/25		6,599,500
	2,450,000	g	Valeant Pharmaceuticals International, Inc		5.625		12/01/21		2,254,000
	1,000,000	g	Valeant Pharmaceuticals International, Inc		5.500		03/01/23		880,000
	9,400,000	g	VRX Escrow Corp		5.875		05/15/23		8,389,500
	12,475,000	g	VRX Escrow Corp		6.125		04/15/25		11,133,938
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						34,219,420
REAL ESTATE - 1.1%
	6,300,000	g	Communications Sales & Leasing, Inc		6.000		04/15/23		5,953,500
	7,600,000		Communications Sales & Leasing, Inc		8.250		10/15/23		6,479,000
	2,975,000		Equinix, Inc		4.875		04/01/20		3,092,513
	5,625,000		Equinix, Inc		5.375		01/01/22		5,765,625
	12,100,000		Equinix, Inc		5.875		01/15/26		12,463,000
			TOTAL REAL ESTATE						33,753,638
RETAILING - 2.5%
	20,800,000	g	Argos Merger Sub, Inc		7.125		03/15/23		20,623,200
	950,000	g	Asbury Automotive Group, Inc		6.000		12/15/24		980,875
	8,525,000		Asbury Automotive Group, Inc		6.000		12/15/24		8,802,062
	1,500,000	g	Family Tree Escrow LLC		5.250		03/01/20		1,548,750
	3,440,000	g	Family Tree Escrow LLC		5.750		03/01/23		3,586,200
	8,750,000	g	Guitar Center, Inc		6.500		04/15/19		7,437,500
	1,275,000		JC Penney Corp, Inc		5.650		06/01/20		1,020,000
	3,000,000		JC Penney Corp, Inc		6.375		10/15/36		1,845,000
	6,650,000	g	L Brands, Inc		6.875		11/01/35		6,832,875
	1,875,000		Limited Brands, Inc		7.000		05/01/20		2,114,063
	14,570,000		Men’s Wearhouse, Inc		7.000		07/01/22		10,344,700
	5,000,000		Penske Automotive Group, Inc		5.375		12/01/24		5,050,000
	3,050,000		Sally Holdings LLC		5.625		12/01/25		3,080,500
	5,000,000		Sonic Automotive, Inc		7.000		07/15/22		5,287,500
			TOTAL RETAILING						78,553,225
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.3%
	5,000,000		Micron Technology, Inc		5.500		02/01/25		4,350,000
	4,500,000	g	Micron Technology, Inc		5.625		01/15/26		3,892,500
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						8,242,500
SOFTWARE & SERVICES - 2.9%
	9,985,000	g	Audatex North America, Inc		6.000		06/15/21		10,059,887
	3,900,000	g	Audatex North America, Inc		6.125		11/01/23		3,924,375
	12,575,000	g	BMC Software Finance, Inc		8.125		07/15/21		8,362,375
	2,850,000	g	Boxer Parent Co, Inc		9.000		10/15/19		1,767,000
	4,500,000	g	First Data Corp		5.000		01/15/24		4,477,500
	6,750,000	g	First Data Corp		5.750		01/15/24		6,648,750
	2,000,000	g	IMS Health, Inc		6.000		11/01/20		2,060,000
	4,750,000	g,o	Infor Software Parent LLC		7.125		05/01/21		3,431,875

189

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	4,000,000	g	MSCI, Inc		5.750	%	08/15/25	$	4,100,000
	6,350,000		NCR Corp		5.875		12/15/21		6,254,750
	4,750,000		NCR Corp		6.375		12/15/23		4,678,750
	3,000,000	g	Nielsen Co Luxembourg SARL		5.500		10/01/21		3,075,000
	5,000,000	g	Open Text Corp		5.625		01/15/23		4,950,000
	3,900,000	g	Sabre GLBL, Inc		5.375		04/15/23		3,880,500
	2,000,000	g	Sabre GLBL, Inc		5.250		11/15/23		1,977,500
	14,000,000	g	Sixsigma Networks Mexico S.A. de C.V.		8.250		11/07/21		13,370,000
	8,400,000	g	SS&C Technologies Holdings, Inc		5.875		07/15/23		8,673,000
			TOTAL SOFTWARE & SERVICES						91,691,262
TECHNOLOGY HARDWARE & EQUIPMENT - 3.7%
	10,550,000	g,o	CommScope, Inc		6.625		06/01/20		10,668,687
	3,500,000	g	CommScope, Inc		5.000		06/15/21		3,355,625
	23,700,000	g	CommScope, Inc		6.000		06/15/25		22,811,250
	5,000,000		International Game Technology		7.500		06/15/19		5,349,000
	9,210,000	g	International Game Technology		5.625		02/15/20		9,071,850
	8,035,000	g	International Game Technology		6.250		02/15/22		7,512,725
	13,285,000	g	International Game Technology		6.500		02/15/25		11,690,800
	8,000,000	g	NXP BV		4.625		06/15/22		7,860,000
	4,750,000	g	NXP Funding LLC		5.750		02/15/21		4,940,000
	1,500,000		Scientific Games Corp		8.125		09/15/18		1,095,000
	4,000,000		Scientific Games International, Inc		6.250		09/01/20		1,880,000
	14,500,000	g	Scientific Games International, Inc		7.000		01/01/22		13,847,500
	16,000,000		Scientific Games International, Inc		10.000		12/01/22		11,360,000
	4,400,000		Zebra Technologies Corp		7.250		10/15/22		4,598,000
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						116,040,437
TELECOMMUNICATION SERVICES - 7.4%
	9,500,000	g	Altice Financing S.A.		6.500		01/15/22		9,405,000
	10,050,000	g	Altice Financing S.A.		6.625		02/15/23		9,924,375
	2,000,000		CenturyLink, Inc		5.625		04/01/20		1,977,500
	6,000,000		CenturyLink, Inc		6.450		06/15/21		5,850,000
	7,300,000		CenturyLink, Inc		5.800		03/15/22		6,690,450
	4,375,000		CenturyLink, Inc		6.750		12/01/23		4,101,562
	3,300,000		CenturyLink, Inc		7.650		03/15/42		2,524,500
	3,200,000		Citizens Communications Co		7.125		03/15/19		3,199,680
	2,750,000		Citizens Communications Co		9.000		08/15/31		2,330,625
	9,400,000		Frontier Communications Corp		8.500		04/15/20		9,423,500
	14,095,000	g	Frontier Communications Corp		8.875		09/15/20		14,271,188
	3,225,000		Frontier Communications Corp		7.125		01/15/23		2,781,562
	10,450,000	g	Frontier Communications Corp		11.000		09/15/25		10,345,500
	10,250,000		GCI, Inc		6.875		04/15/25		10,480,625
	3,000,000		Intelsat Jackson Holdings S.A.		7.250		04/01/19		2,752,500
	6,000,000		Intelsat Jackson Holdings S.A.		7.250		10/15/20		5,220,000
	3,050,000		Intelsat Jackson Holdings S.A.		5.500		08/01/23		2,394,250
	9,300,000		Intelsat Luxembourg S.A.		6.750		06/01/18		6,928,500
	10,036,000		Kratos Defense & Security Solutions, Inc		7.000		05/15/19		6,837,025
	4,950,000	g	Sable International Finance Ltd		6.875		08/01/22		4,776,750
	8,257,000		Sprint Capital Corp		6.875		11/15/28		5,779,900
	3,525,000		Sprint Capital Corp		8.750		03/15/32		2,643,750
	2,825,000		Sprint Corp		7.250		09/15/21		2,104,625

190

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	9,500,000	g	Sprint Nextel Corp		7.000	%	03/01/20	$	9,523,750
	2,850,000		Telecom Italia Capital S.A.		6.375		11/15/33		2,721,750
	4,750,000		Telecom Italia Capital S.A.		7.721		06/04/38		4,951,875
	9,300,000	g	Telecom Italia S.p.A		5.303		05/30/24		9,183,750
	12,350,000		T-Mobile USA, Inc		6.542		04/28/20		12,874,875
	4,750,000		T-Mobile USA, Inc		6.125		01/15/22		4,880,625
	10,850,000		T-Mobile USA, Inc		6.731		04/28/22		11,311,125
	525,000		T-Mobile USA, Inc		6.836		04/28/23		543,375
	3,350,000		T-Mobile USA, Inc		6.500		01/15/24		3,417,000
	6,950,000		T-Mobile USA, Inc		6.375		03/01/25		7,019,500
	9,375,000	g	Wind Acquisition Finance S.A.		4.750		07/15/20		9,281,250
	9,500,000	g	Wind Acquisition Finance S.A.		7.375		04/23/21		8,977,500
	14,250,000		Windstream Corp		7.750		10/01/21		11,212,969
	2,000,000		Windstream Corp		7.500		04/01/23		1,504,600
	1,925,000		Windstream Corp		6.375		08/01/23		1,386,000
			TOTAL TELECOMMUNICATION SERVICES						231,533,311
TRANSPORTATION - 2.6%
	12,050,000	g	American Airlines Group, Inc		4.625		03/01/20		11,477,625
	7,750,000	g	Bombardier, Inc		7.500		03/15/18		7,556,250
	10,150,000	g	Bombardier, Inc		5.500		09/15/18		9,313,640
	6,000,000	g	Bombardier, Inc		7.750		03/15/20		4,845,000
	4,500,000	g	Bombardier, Inc		6.000		10/15/22		3,154,500
	7,825,000	g	Bombardier, Inc		6.125		01/15/23		5,399,250
	14,800,000	g	Bombardier, Inc		7.500		03/15/25		10,360,000
	2,525,000		Bristow Group, Inc		6.250		10/15/22		1,972,656
	17,920,000		Gulfmark Offshore, Inc		6.375		03/15/22		9,632,000
	12,000,000	g	KLX, Inc		5.875		12/01/22		11,400,000
	3,750,000	g	Meccanica Holdings USA, Inc		6.250		07/15/19		4,040,625
	1,800,000	g	Meccanica Holdings USA, Inc		7.375		07/15/39		1,890,000
			TOTAL TRANSPORTATION						81,041,546
UTILITIES - 4.7%
	11,145,000		AES Corp		7.375		07/01/21		11,367,900
	2,000,000		AES Corp		5.500		04/15/25		1,765,000
	2,500,000		AmeriGas Finance LLC		6.750		05/20/20		2,431,250
	14,000,000		AmeriGas Finance LLC		7.000		05/20/22		13,545,000
	7,108,000		AmeriGas Partners LP		6.250		08/20/19		6,823,680
	8,522,000	g	Calpine Corp		7.875		01/15/23		9,075,930
	6,000,000	g	Eco Services Operations LLC		8.500		11/01/22		5,100,000
	13,873,000		Ferrellgas Partners LP		8.625		06/15/20		13,040,620
	8,480,000		Ferrellgas Partners LP		6.500		05/01/21		7,208,000
	11,000,000		Ferrellgas Partners LP		6.750		01/15/22		9,267,500
	7,500,000	g	Ferrellgas Partners LP		6.750		06/15/23		6,112,500
	7,925,000	g	Greatbatch Ltd		9.125		11/01/23		7,845,750
	7,000,000	g	MPLX LP		4.875		12/01/24		6,282,500
	14,250,000		NGL Energy Partners LP		5.125		07/15/19		11,257,500
	3,000,000		NRG Energy, Inc		8.250		09/01/20		2,910,000
	6,320,000		NRG Energy, Inc		7.875		05/15/21		5,925,000
	5,000,000		NRG Energy, Inc		6.250		07/15/22		4,337,500
	6,750,000		NRG Energy, Inc		6.625		03/15/23		5,855,625
	7,000,000		NRG Energy, Inc		6.250		05/01/24		5,881,400

191

TIAA-CREF FUNDS - High-Yield Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	1,397,000	Suburban Propane Partners LP		7.375	%	08/01/21	$	1,341,120
	10,200,000	Suburban Propane Partners LP		5.750		03/01/25		8,262,000
		TOTAL UTILITIES						145,635,775
		TOTAL CORPORATE BONDS						2,451,709,899
		(Cost $2,764,207,918)
		TOTAL BONDS						2,451,709,899
		(Cost $2,764,207,918)
SHORT-TERM INVESTMENTS - 9.4%
GOVERNMENT AGENCY DEBT - 5.0%
	17,650,000	Federal Home Loan Bank (FHLB)		0.030 - 0.170		01/04/16		17,650,000
	10,000,000	FHLB		0.100		01/20/16		9,999,330
	10,000,000	FHLB		0.120		01/08/16		9,999,830
	30,000,000	FHLB		0.120		01/12/16		29,999,010
	20,000,000	FHLB		0.125		01/15/16		19,999,080
	24,600,000	FHLB		0.240		01/29/16		24,597,442
	5,000,000	FHLB		0.200		02/05/16		4,998,890
	40,000,000	FHLB		0.400		03/31/16		39,971,000
		TOTAL GOVERNMENT AGENCY DEBT						157,214,582
TREASURY DEBT - 4.4%
	60,000,000	United States Treasury Bill		0.132		01/28/16		59,994,780
	68,000,000	United States Treasury Bill		0.230		03/03/16		67,988,032
	10,000,000	United States Treasury Bill		0.245		03/31/16		9,995,780
		TOTAL TREASURY DEBT						137,978,592
		TOTAL SHORT-TERM INVESTMENTS						295,193,174
		(Cost $295,162,185)
		TOTAL INVESTMENTS - 99.0%						3,111,804,502
		(Cost $3,451,202,350)
		OTHER ASSETS & LIABILITIES, NET - 1.0%						29,752,469
		NET ASSETS - 100.0%					$	3,141,556,971

g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 12/31/2015, the aggregate value of these securities was $1,067,478,831 or 34.0% of net assets.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
o	Payment in Kind Bond

192

TIAA-CREF FUNDS - Inflation-Linked Bond Fund

TIAA-CREF FUNDS

INFLATION-LINKED BOND FUND

SCHEDULE OF INVESTMENTS (unaudited)

December 31, 2015

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
GOVERNMENT BONDS -  89.4%
AGENCY SECURITIES - 0.5%
$	3,500,000		Private Export Funding Corp (PEFCO)		2.300	%	09/15/20	$	3,522,585
	3,000,000		PEFCO		3.250		06/15/25		3,080,517
	3,000,000		Ukraine Government AID Bonds		1.847		05/29/20		2,987,652
			TOTAL AGENCY SECURITIES						9,590,754
MORTGAGE BACKED - 0.4%
	6,933,668		Government National Mortgage Association (GNMA)		3.700		10/15/33		7,368,330
			TOTAL MORTGAGE BACKED						7,368,330
U.S. TREASURY SECURITIES - 88.5%
	28,669,238	k	United States Treasury Inflation Indexed Bonds		2.500		07/15/16		29,127,917
	39,307,064	k	United States Treasury Inflation Indexed Bonds		2.375		01/15/17		40,269,969
	100,254,051	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/17		100,029,282
	31,509,977	k	United States Treasury Inflation Indexed Bonds		2.625		07/15/17		32,901,836
	31,297,950	k	United States Treasury Inflation Indexed Bonds		1.625		01/15/18		32,264,525
	104,328,260	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/18		104,080,793
	32,345,405	k	United States Treasury Inflation Indexed Bonds		1.375		07/15/18		33,471,122
	31,457,913	k	United States Treasury Inflation Indexed Bonds		2.125		01/15/19		33,268,819
	79,172,340	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/19		78,656,216
	35,546,301	k	United States Treasury Inflation Indexed Bonds		1.875		07/15/19		37,666,709
	42,068,545	k	United States Treasury Inflation Indexed Bonds		1.375		01/15/20		43,697,019
	165,547,690	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/20		163,318,259
	70,444,480	k	United States Treasury Inflation Indexed Bonds		1.250		07/15/20		73,192,871
	88,156,128	k	United States Treasury Inflation Indexed Bonds		1.125		01/15/21		90,797,374
	70,631,332	k	United States Treasury Inflation Indexed Bonds		0.625		07/15/21		71,018,956
	74,622,250	k	United States Treasury Inflation Indexed Bonds		0.125		01/15/22		72,227,025
	103,426,000	k	United States Treasury Inflation Indexed Bonds		0.125		07/15/22		100,153,705
	68,007,060	k	United States Treasury Inflation Indexed Bonds		0.125		01/15/23		65,114,720
	61,320,050	k	United States Treasury Inflation Indexed Bonds		0.375		07/15/23		59,816,605
	62,943,628	k	United States Treasury Inflation Indexed Bonds		0.625		01/15/24		62,135,180
	55,091,850	k	United States Treasury Inflation Indexed Bonds		0.125		07/15/24		52,236,384
	37,154,290	k	United States Treasury Inflation Indexed Bonds		0.250		01/15/25		35,403,208
	57,857,660	k	United States Treasury Inflation Indexed Bonds		2.375		01/15/25		65,672,552
	35,602,170	k	United States Treasury Inflation Indexed Bonds		0.375		07/15/25		34,410,209
	70,768,576	k	United States Treasury Inflation Indexed Bonds		2.000		01/15/26		78,489,853
	38,929,305	k	United States Treasury Inflation Indexed Bonds		2.375		01/15/27		44,922,666
	52,253,318	k	United States Treasury Inflation Indexed Bonds		1.750		01/15/28		56,982,557
	41,268,673	k	United States Treasury Inflation Indexed Bonds		3.625		04/15/28		53,848,355
	35,659,760	k	United States Treasury Inflation Indexed Bonds		2.500		01/15/29		42,159,429
	36,152,139	k	United States Treasury Inflation Indexed Bonds		3.875		04/15/29		49,017,130
	11,026,449	k	United States Treasury Inflation Indexed Bonds		3.375		04/15/32		14,884,151

193

TIAA-CREF FUNDS - Inflation-Linked Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	4,958,890	k	United States Treasury Inflation Indexed Bonds		2.125	%	02/15/40	$	5,818,529
	4,091,263	k	United States Treasury Inflation Indexed Bonds		2.125		02/15/41		4,827,094
	4,951,312	k	United States Treasury Inflation Indexed Bonds		0.750		02/15/42		4,331,967
	5,940	k	United States Treasury Inflation Indexed Bonds		0.625		02/15/43		5,005
	3,061,560	k	United States Treasury Inflation Indexed Bonds		1.375		02/15/44		3,103,102
	5,000,000		United States Treasury Note		1.000		12/31/17		4,994,315
	10,000,000		United States Treasury Note		1.250		12/15/18		9,980,260
			TOTAL U.S. TREASURY SECURITIES						1,884,295,668
			TOTAL GOVERNMENT BONDS						1,901,254,752
			(Cost $1,893,508,549)
SHORT-TERM INVESTMENTS - 9.5%
GOVERNMENT AGENCY DEBT - 2.9%
	5,000,000		Federal Home Loan Bank (FHLB)		0.030		01/04/16		5,000,000
	12,000,000		FHLB		0.100		01/20/16		11,999,196
	25,000,000		FHLB		0.210		01/25/16		24,997,800
	15,541,000		FHLB		0.120		01/12/16		15,540,487
	4,000,000		FHLB		0.125		01/15/16		3,999,816
			TOTAL GOVERNMENT AGENCY DEBT						61,537,299
TREASURY DEBT - 6.6%
	140,000,000		United States Treasury Bill		0.132		01/28/16		139,987,820
			TOTAL TREASURY DEBT						139,987,820
			TOTAL SHORT-TERM INVESTMENTS						201,525,119
			(Cost $201,521,705)
			TOTAL INVESTMENTS - 98.9%						2,102,779,871
			(Cost $2,095,030,254)
			OTHER ASSETS & LIABILITIES, NET - 1.1%						24,577,120
			NET ASSETS - 100.0%					$	2,127,356,991

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

194

TIAA-CREF FUNDS - Short-Term Bond Fund

TIAA-CREF FUNDS

 SHORT-TERM BOND FUND

SCHEDULE OF INVESTMENTS (unaudited)

December 31, 2015

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
BANK LOAN OBLIGATIONS - 3.5%
CAPITAL GOODS - 0.1%
$	1,764,905	i	TransDigm, Inc		3.750	%	02/28/20	$	1,719,070
			TOTAL CAPITAL GOODS						1,719,070
COMMERCIAL & PROFESSIONAL SERVICES - 0.1%
	1,000,000	h,i	Staples, Inc		3.500		04/24/21		987,080
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						987,080
CONSUMER DURABLES & APPAREL - 0.1%
	594,000	i	Hanesbrands, Inc		3.250		04/29/22		595,235
	1,631,289	i	PVH Corp		3.250		02/13/20		1,638,287
			TOTAL CONSUMER DURABLES & APPAREL						2,233,522
CONSUMER SERVICES - 0.5%
	772,071	i	ARAMARK Corp		3.250		09/07/19		769,817
	2,535,000	i	Hilton Worldwide		3.500		10/26/20		2,527,876
	1,149,273	i	La Quinta Intermediate Holdings LLC		3.750		04/14/21		1,117,668
	2,969,388	i	MGM Resorts International		3.500		12/20/19		2,924,847
			TOTAL CONSUMER SERVICES						7,340,208
DIVERSIFIED FINANCIALS - 0.1%
	2,000,000	i	International Lease Finance Corp		3.500		03/06/21		1,989,640
			TOTAL DIVERSIFIED FINANCIALS						1,989,640
HEALTH CARE EQUIPMENT & SERVICES - 0.6%
	891,957	i	Capsugel Holdings US, Inc		3.500		08/01/18		874,118
	1,985,000	i	CHS/Community Health Systems		3.657		12/31/18		1,954,391
	127,317	i	CHS/Community Health Systems		4.000		01/27/21		125,135
	2,969,849	i	DaVita HealthCare Partners, Inc		3.500		06/24/21		2,953,753
	989,873	i	HCA, Inc		3.174		03/31/17		988,082
	1,979,747	i	HCA, Inc		3.357		05/01/18		1,976,045
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						8,871,524
	MEDIA - 0.6%
	2,969,656	i	AMC Entertainment, Inc		4.000		12/15/22		2,963,301
	2,812,500	i	CBS Outdoor Americas Capital LLC		3.000		02/01/21		2,774,700
	732,463	i	CSC Holdings LLC		2.924		04/17/20		729,262
	1,375,674	i	Nielsen Finance LLC		3.287		04/15/21		1,376,816
	987,373	i	Univision Communications, Inc		4.000		03/01/20		964,663
	290,860	i	Univision Communications, Inc		4.000		03/01/20		284,109
			TOTAL MEDIA						9,092,851
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	346,500	i	Valeant Pharmaceuticals International, Inc		4.000		04/01/22		332,553
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						332,553

195

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.4%
$	2,575,000	i	Avago Technologies Cayman Finance Ltd		4.250	%	11/13/22	$	2,544,435
	2,576,654	i	Avago Technologies Ltd		3.750		05/06/21		2,568,073
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						5,112,508
SOFTWARE & SERVICES - 0.2%
	2,969,773	i	IMS Health, Inc		3.500		03/17/21		2,895,529
			TOTAL SOFTWARE & SERVICES						2,895,529
TECHNOLOGY HARDWARE & EQUIPMENT - 0.5%
	1,815,875	i	CommScope, Inc		3.827		12/29/22		1,801,130
	1,979,798	i	GXS Group, Inc		3.250		01/16/21		1,961,861
	2,962,159	i	NXP BV		3.250		01/11/20		2,920,689
	100,000	i	NXP BV		3.750		12/07/20		99,425
	992,500	i	Sensata Technologies BV		3.000		10/14/21		973,067
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						7,756,172
TELECOMMUNICATION SERVICES - 0.2%
	2,969,697	i	Crown Castle Operating Co		3.000		01/31/21		2,953,007
			TOTAL TELECOMMUNICATION SERVICES						2,953,007
UTILITIES - 0.1%
	995,000	i	Calpine Corp		3.500		05/27/22		946,742
			TOTAL UTILITIES						946,742
			TOTAL BANK LOAN OBLIGATIONS						52,230,406
			(Cost $52,761,919)
BONDS - 94.0%
CORPORATE BONDS - 38.5%
AUTOMOBILES & COMPONENTS - 0.1%
	1,125,000	g	Hyundai Capital America		2.400		10/30/18		1,121,611
			TOTAL AUTOMOBILES & COMPONENTS						1,121,611
BANKS - 13.8%
	500,000		Banco de Oro Unibank, Inc		3.875		04/22/16		500,000
	788,000	g	Bank Nederlandse Gemeenten NV		1.375		09/27/17		789,647
	3,000,000	g	Bank Nederlandse Gemeenten NV		1.250		10/29/18		2,969,529
	2,675,000		Bank of America Corp		3.750		07/12/16		2,708,486
	9,350,000		Bank of America Corp		2.000		01/11/18		9,338,939
	10,000,000		Bank of America NA		1.650		03/26/18		9,931,920
	5,000,000		Bank of America NA		1.750		06/05/18		4,971,890
	15,000,000		Bank of Nova Scotia		2.125		09/11/19		14,985,420
	1,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		2.350		02/23/17		1,007,013
	1,000,000		BB&T Corp		3.200		03/15/16		1,002,733
	5,000,000		BB&T Corp		1.350		10/01/17		4,991,170
	2,500,000		BDO Unibank, Inc		4.500		02/16/17		2,553,125

196

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	3,835,000		Capital One Bank USA NA		1.150	%	11/21/16	$	3,825,857
	1,500,000		Capital One Bank USA NA		1.650		02/05/18		1,485,120
	6,750,000		Citigroup, Inc		1.300		11/15/16		6,733,638
	2,000,000		Citigroup, Inc		1.800		02/05/18		1,993,042
	2,000,000		Citigroup, Inc		1.700		04/27/18		1,981,094
	5,000,000		Citigroup, Inc		2.050		12/07/18		4,973,480
	3,000,000		Deutsche Bank AG		1.875		02/13/18		2,974,413
	5,000,000	g	DNB Boligkreditt AS.		2.000		05/28/20		4,913,550
	3,750,000		Eksportfinans ASA		2.375		05/25/16		3,752,625
	2,500,000		Fifth Third Bancorp		1.350		06/01/17		2,493,097
	3,700,000		HSBC USA, Inc		1.625		01/16/18		3,682,014
	5,000,000		Huntington National Bank		1.300		11/20/16		4,996,610
	2,000,000		Industrial & Commercial Bank of China Ltd		2.157		11/13/18		1,991,450
	5,000,000	g	ING Bank NV		2.000		11/26/18		4,980,095
	3,000,000		JPMorgan Chase & Co		1.350		02/15/17		2,994,048
	5,000,000		JPMorgan Chase & Co		1.700		03/01/18		4,975,620
	3,000,000		KeyBank NA		1.700		06/01/18		2,978,907
	1,250,000	g	National Australia Bank Ltd		2.000		06/20/17		1,260,466
	2,000,000		PNC Bank NA		1.125		01/27/17		1,993,220
	5,000,000		PNC Bank NA		1.500		02/23/18		4,975,665
	3,800,000		PNC Bank NA		1.850		07/20/18		3,793,392
	5,000,000		Royal Bank of Canada		2.000		12/10/18		4,995,830
	15,000,000		Royal Bank of Canada		1.875		02/05/20		14,727,045
	10,000,000		Royal Bank of Canada		2.100		10/14/20		9,831,400
	11,000,000	g	Skandinaviska Enskilda Banken AB		1.375		05/29/18		10,878,901
	8,000,000	g	SpareBank Boligkreditt AS.		1.250		05/02/18		7,882,544
	1,800,000	g	State Bank of India		4.125		08/01/17		1,853,188
	300,000	g	State Bank of India		3.250		04/18/18		304,017
	4,000,000		Sumitomo Mitsui Banking Corp		1.950		07/23/18		3,981,464
	1,000,000		SunTrust Banks, Inc		1.350		02/15/17		997,912
	2,000,000		SunTrust Banks, Inc		2.500		05/01/19		2,010,186
	5,000,000		Toronto-Dominion Bank		1.625		03/13/18		4,986,315
	9,000,000	g	Toronto-Dominion Bank		1.950		04/02/20		8,856,801
	500,000	g	Turkiye Is Bankasi		3.875		11/07/17		499,625
	500,000		Union Bank NA		2.125		06/16/17		503,129
	500,000		US Bancorp		1.650		05/15/17		501,529
	5,000,000		US Bank NA		1.100		01/30/17		4,992,930
	1,375,000	g	Zenith Bank plc		6.250		04/22/19		1,236,813
			TOTAL BANKS						208,536,904
CAPITAL GOODS - 1.9%
	3,000,000		Caterpillar Financial Services Corp		1.250		08/18/17		2,989,383
	475,000		Caterpillar, Inc		1.500		06/26/17		475,855
	2,000,000		Eaton Corp		1.500		11/02/17		1,987,476
	2,000,000		John Deere Capital Corp		1.050		10/11/16		2,002,292
	12,450,000		John Deere Capital Corp		1.050		12/15/16		12,447,647
	1,000,000		John Deere Capital Corp		2.000		01/13/17		1,007,431
	1,000,000		John Deere Capital Corp		1.400		03/15/17		1,001,610
	3,200,000		John Deere Capital Corp		1.600		07/13/18		3,185,754
	2,000,000	g	TSMC Global Ltd		1.625		04/03/18		1,960,452
	500,000		United Technologies Corp		1.800		06/01/17		502,842
			TOTAL CAPITAL GOODS						27,560,742

197

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
COMMERCIAL & PROFESSIONAL SERVICES - 0.9%
$	4,400,000		Air Lease Corp		2.125	%	01/15/18	$	4,323,000
	3,000,000	g	Daimler Finance North America LLC		2.000		08/03/18		2,980,242
	5,000,000		Visa, Inc		1.200		12/14/17		4,994,865
	1,000,000		Waste Management, Inc		2.600		09/01/16		1,006,893
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						13,305,000
CONSUMER DURABLES & APPAREL - 0.1%
	2,025,000		Newell Rubbermaid, Inc		2.150		10/15/18		1,960,109
			TOTAL CONSUMER DURABLES & APPAREL						1,960,109
CONSUMER SERVICES - 0.3%
	1,000,000	g	SABMiller Holdings, Inc		2.450		01/15/17		1,007,690
	2,500,000		Walt Disney Co		0.875		05/30/17		2,495,185
			TOTAL CONSUMER SERVICES						3,502,875
DIVERSIFIED FINANCIALS - 6.8%
	500,000		American Express Centurion Bank		6.000		09/13/17		535,613
	1,000,000		American Express Credit Corp		1.300		07/29/16		1,001,855
	1,000,000		American Express Credit Corp		2.800		09/19/16		1,012,772
	3,000,000		American Express Credit Corp		1.550		09/22/17		2,998,938
	3,400,000		American Express Credit Corp		1.875		11/05/18		3,391,449
	1,000,000	g	Bayer US Finance LLC		1.500		10/06/17		999,566
	1,000,000		BNP Paribas S.A.		1.375		03/17/17		999,066
	8,000,000	g	Caisse Centrale Desjardins du Quebec		1.600		03/06/17		8,027,440
	1,675,000		Ford Motor Credit Co LLC		4.250		02/03/17		1,711,414
	3,250,000		Ford Motor Credit Co LLC		3.000		06/12/17		3,281,726
	825,000		Ford Motor Credit Co LLC		6.625		08/15/17		879,332
	2,000,000		Ford Motor Credit Co LLC		1.684		09/08/17		1,975,878
	4,750,000		Ford Motor Credit Co LLC		2.551		10/05/18		4,716,175
	7,118,000	g	GE Capital International Funding Co		0.964		04/15/16		7,121,153
	2,312,000		General Motors Financial Co, Inc		2.750		05/15/16		2,318,735
	10,000,000		Goldman Sachs Group, Inc		3.625		02/07/16		10,025,330
	1,000,000	g	Hyundai Capital Services, Inc		3.500		09/13/17		1,018,537
	3,000,000	g	ICICI Bank Ltd		3.500		03/18/20		3,022,950
	200,000		International Lease Finance Corp		5.750		05/15/16		202,750
	200,000		International Lease Finance Corp		3.875		04/15/18		201,500
	1,500,000	g	Lukoil International Finance BV		3.416		04/24/18		1,460,550
	1,800,000		Morgan Stanley		1.750		02/25/16		1,802,075
	3,300,000		Morgan Stanley		1.875		01/05/18		3,296,677
	3,000,000		Morgan Stanley		2.200		12/07/18		3,001,950
	1,500,000	g	Nacional Financiera SNC		3.375		11/05/20		1,485,563
	1,000,000		National Rural Utilities Cooperative Finance Corp		1.100		01/27/17		999,919
	8,300,000	g	Nederlandse Waterschapsbank NV		1.875		03/13/19		8,334,719
	1,000,000		Synchrony Financial		1.875		08/15/17		995,396
	410,000		Toyota Motor Credit Corp		1.250		10/05/17		408,787
	2,000,000		UBS AG.		1.375		08/14/17		1,987,750
	1,000,000		Unilever Capital Corp		2.750		02/10/16		1,001,763
	11,000,000		Wells Fargo & Co		1.250		07/20/16		11,017,138
	3,500,000		Wells Fargo & Co		2.100		05/08/17		3,534,850
	5,000,000		Wells Fargo & Co		1.400		09/08/17		4,994,695
			TOTAL DIVERSIFIED FINANCIALS						99,764,011

198

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
ENERGY - 2.7%
$	1,600,000		BP Capital Markets plc		1.375	%	05/10/18	$	1,577,170
	2,000,000		Chevron Corp		1.104		12/05/17		1,986,356
	5,000,000		Chevron Corp		1.365		03/02/18		4,960,290
	5,000,000		Chevron Corp		1.790		11/16/18		4,954,835
	3,800,000		Ecopetrol S.A.		4.250		09/18/18		3,781,000
	3,000,000		Enterprise Products Operating LLC		1.650		05/07/18		2,926,563
	5,000,000		Exxon Mobil Corp		1.305		03/06/18		4,992,700
	350,000		Marathon Petroleum Corp		3.500		03/01/16		350,988
	1,550,000		Noble Holding International Ltd		2.500		03/15/17		1,462,354
	350,000		Noble Holding International Ltd		4.000		03/16/18		316,970
	500,000		Occidental Petroleum Corp		2.500		02/01/16		500,417
	500,000	i	Petrobras Global Finance BV		1.990		05/20/16		487,500
	575,000		Petrobras Global Finance BV		3.250		03/17/17		531,875
	3,000,000		Petrobras Global Finance BV		4.875		03/17/20		2,250,000
	725,000		Petrobras International Finance Co		3.875		01/27/16		722,100
	2,425,000		Petroleos Mexicanos		3.500		07/18/18		2,406,255
	1,320,500		Petroleos Mexicanos		2.378		04/15/25		1,318,897
	625,000		Southwestern Energy Co		3.300		01/23/18		512,500
	750,000		Statoil ASA		1.200		01/17/18		742,716
	1,000,000		Tesoro Corp		4.250		10/01/17		1,022,500
	750,000		Total Capital International S.A.		1.500		02/17/17		751,327
			TOTAL ENERGY						38,555,313
FOOD & STAPLES RETAILING - 0.2%
	1,000,000		CVS Health Corp		1.200		12/05/16		1,000,166
	2,450,000		Walgreens Boots Alliance, Inc		1.750		11/17/17		2,445,347
			TOTAL FOOD & STAPLES RETAILING						3,445,513
FOOD, BEVERAGE & TOBACCO - 0.9%
	2,000,000		Anheuser-Busch InBev Finance, Inc		1.125		01/27/17		1,995,948
	500,000		Anheuser-Busch InBev Worldwide, Inc		2.875		02/15/16		500,952
	600,000		Coca-Cola Co		1.800		09/01/16		603,835
	2,000,000		Diageo Capital plc		1.125		04/29/18		1,967,484
	1,650,000		General Mills, Inc		0.875		01/29/16		1,649,805
	675,000	g	HJ Heinz Co		2.000		07/02/18		672,588
	1,650,000		JM Smucker Co		1.750		03/15/18		1,642,337
	200,000		Mondelez International, Inc		4.125		02/09/16		200,516
	2,050,000		PepsiCo, Inc		1.000		10/13/17		2,039,486
	1,000,000	g	Pernod-Ricard S.A.		2.950		01/15/17		1,012,475
			TOTAL FOOD, BEVERAGE & TOBACCO						12,285,426
HEALTH CARE EQUIPMENT & SERVICES - 1.2%
	1,000,000		Baxter International, Inc		0.950		06/01/16		999,411
	200,000		Becton Dickinson & Co		1.750		11/08/16		201,014
	3,300,000		Becton Dickinson & Co		1.450		05/15/17		3,286,275
	1,000,000		McKesson Corp		1.292		03/10/17		997,222
	6,175,000		Medtronic, Inc		1.500		03/15/18		6,171,863
	2,250,000		Thermo Fisher Scientific, Inc		1.300		02/01/17		2,242,015
	5,000,000		Zimmer Holdings, Inc		2.000		04/01/18		4,969,730
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						18,867,530

199

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
$	1,000,000		Ecolab, Inc		3.000	%	12/08/16	$	1,014,380
	375,000		Ecolab, Inc		1.450		12/08/17		371,467
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						1,385,847
INSURANCE - 0.7%
	750,000		Aetna, Inc		1.500		11/15/17		747,157
	2,000,000	g	Metropolitan Life Global Funding I		1.300		04/10/17		1,999,360
	400,000		Principal Financial Group, Inc		1.850		11/15/17		400,322
	5,000,000		UnitedHealth Group, Inc		1.450		07/17/17		5,000,045
	425,000		UnitedHealth Group, Inc		1.400		10/15/17		424,206
	1,500,000		Willis Group Holdings plc		4.125		03/15/16		1,508,126
			TOTAL INSURANCE						10,079,216
MATERIALS - 0.9%
	1,000,000	g	Cemex SAB de C.V.		5.875		03/25/19		952,500
	300,000		Corning, Inc		1.450		11/15/17		297,429
	2,375,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.750		11/04/20		2,324,726
	5,000,000	g	Glencore Funding LLC		2.125		04/16/18		4,443,235
	5,000,000		Monsanto Co		1.150		06/30/17		4,963,905
	1,000,000		Teck Resources Ltd		2.500		02/01/18		760,000
			TOTAL MATERIALS						13,741,795
MEDIA - 0.2%
	1,000,000		CBS Corp		4.000		01/15/26		975,695
	625,000	g	NBC Universal Enterprise, Inc		1.662		04/15/18		625,150
	1,000,000		Viacom, Inc		3.500		04/01/17		1,017,789
			TOTAL MEDIA						2,618,634
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.6%
	1,200,000		AbbVie, Inc		1.750		11/06/17		1,197,733
	4,800,000		AbbVie, Inc		1.800		05/14/18		4,778,213
	3,400,000		Actavis Funding SCS		1.850		03/01/17		3,406,205
	3,900,000		Actavis Funding SCS		2.350		03/12/18		3,904,676
	450,000		Actavis Funding SCS		3.000		03/12/20		449,641
	700,000		Actavis Funding SCS		3.800		03/15/25		696,490
	1,000,000		Amgen, Inc		1.250		05/22/17		996,279
	1,300,000		Celgene Corp		2.125		08/15/18		1,300,308
	600,000		Johnson & Johnson		2.150		05/15/16		603,678
	1,000,000		Merck & Co, Inc		2.250		01/15/16		1,000,452
	2,500,000	g	Mylan NV		3.000		12/15/18		2,494,810
	3,275,000		Perrigo Co plc		1.300		11/08/16		3,251,974
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						24,080,459
REAL ESTATE - 0.1%
	304,000		Kimco Realty Corp		5.783		03/15/16		306,876
	1,000,000		Ventas Realty LP		1.250		04/17/17		992,688
			TOTAL REAL ESTATE						1,299,564

200

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.0%
$	1,000,000	g	Semiconductor Manufacturing International Corp		4.125	%	10/07/19	$	1,002,306
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						1,002,306
SOFTWARE & SERVICES - 0.4%
	800,000		Baidu, Inc		3.000		06/30/20		791,134
	5,000,000		Fidelity National Information Services, Inc		2.850		10/15/18		5,017,740
			TOTAL SOFTWARE & SERVICES						5,808,874
TECHNOLOGY HARDWARE & EQUIPMENT - 1.5%
	5,000,000		Amphenol Corp		1.550		09/15/17		4,974,900
	3,000,000		Apple, Inc		1.000		05/03/18		2,976,444
	250,000		CC Holdings GS V LLC		2.381		12/15/17		250,269
	1,000,000		Cisco Systems, Inc		1.100		03/03/17		1,000,875
	1,500,000		Cisco Systems, Inc		1.650		06/15/18		1,506,222
	5,000,000	g	Hewlett-Packard Enterprise Co		2.450		10/05/17		4,996,005
	1,000,000		L-3 Communications Corp		3.950		11/15/16		1,015,066
	4,950,000		L-3 Communications Corp		1.500		05/28/17		4,888,590
	475,000		Tyco Electronics Group S.A.		2.375		12/17/18		474,408
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						22,082,779
TELECOMMUNICATION SERVICES - 0.9%
	980,000		Alibaba Group Holding Ltd		1.625		11/28/17		967,716
	1,000,000		Alibaba Group Holding Ltd		2.500		11/28/19		976,958
	1,000,000		America Movil SAB de C.V.		2.375		09/08/16		1,003,700
	1,000,000	i	America Movil SAB de C.V.		1.502		09/12/16		999,987
	1,330,000		AT&T, Inc		1.400		12/01/17		1,323,918
	1,825,000		British Telecommunications plc		1.625		06/28/16		1,827,248
	1,000,000		Telefonica Emisiones SAU		3.992		02/16/16		1,002,750
	750,000	g	Telemar Norte Leste S.A.		5.500		10/23/20		390,000
	5,000,000		Verizon Communications, Inc		1.350		06/09/17		4,985,765
			TOTAL TELECOMMUNICATION SERVICES						13,478,042
TRANSPORTATION - 0.3%
	1,275,000	g	Adani Ports & Special Economic Zone Ltd		3.500		07/29/20		1,256,673
	3,000,000	g	ERAC USA Finance LLC		1.400		04/15/16		2,998,557
	890,000	g	Transnet Ltd		4.500		02/10/16		891,883
			TOTAL TRANSPORTATION						5,147,113
UTILITIES - 2.9%
	2,150,000		American Electric Power Co, Inc		1.650		12/15/17		2,134,034
	5,000,000		Berkshire Hathaway Energy Co		1.100		05/15/17		4,954,505
	2,000,000		Commonwealth Edison Co		1.950		09/01/16		2,004,096
	2,000,000		Dominion Resources, Inc		1.400		09/15/17		1,979,556
	1,000,000		Duke Energy Corp		2.100		06/15/18		1,001,339
	2,000,000	g	Electricite de France		1.150		01/20/17		1,994,934
	1,325,000		Exelon Corp		1.550		06/09/17		1,319,465
	550,000	g	Israel Electric Corp Ltd		6.700		02/10/17		574,090
	2,600,000	g	Israel Electric Corp Ltd		5.625		06/21/18		2,738,008
	600,000		Kinder Morgan, Inc		2.000		12/01/17		578,082
	1,500,000	g	Korea Hydro & Nuclear Power Co Ltd		2.875		10/02/18		1,519,440

201

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000	g	Korea Hydro & Nuclear Power Co Ltd		2.375	%	10/28/19	$	989,953
	1,225,000	g	Molex Electronic Technologies LLC		2.878		04/15/20		1,193,567
	1,025,000	g	Molex Electronic Technologies LLC		3.900		04/15/25		959,661
	4,225,000		Northeast Utilities		1.600		01/15/18		4,180,777
	1,500,000		Northeast Utilities		1.450		05/01/18		1,475,625
	3,000,000		Sabine Pass LNG LP		7.500		11/30/16		2,985,000
	2,000,000		Sempra Energy		2.300		04/01/17		2,011,598
	2,825,000		Southern Power Co		1.850		12/01/17		2,823,709
	1,625,000		WEC Energy Group, Inc		1.650		06/15/18		1,611,071
	5,000,000		Xcel Energy, Inc		0.750		05/09/16		4,995,505
			TOTAL UTILITIES						44,024,015
			TOTAL CORPORATE BONDS						573,653,678
			(Cost $577,635,979)
GOVERNMENT BONDS -  23.1%
AGENCY SECURITIES - 3.7%
	12,000,000		Federal Home Loan Bank (FHLB)		0.375		02/19/16		12,000,096
	5,000,000		FHLB		0.625		12/28/16		4,988,690
	14,000,000		FHLB		0.875		05/24/17		13,980,988
	7,725,004	g	Hospital for Special Surgery		3.500		01/01/23		7,828,558
	6,000,000		Private Export Funding Corp (PEFCO)		1.375		02/15/17		6,012,174
	2,000,000		PEFCO		2.250		03/15/20		2,015,036
	3,000,000		PEFCO		2.300		09/15/20		3,019,359
	6,000,000		Ukraine Government AID Bonds		1.847		05/29/20		5,975,304
			TOTAL AGENCY SECURITIES						55,820,205
FOREIGN GOVERNMENT BONDS - 5.4%
	1,000,000	g	Caisse d’Amortissement de la Dette Sociale		1.125		01/30/17		1,000,618
	1,950,000	g	Croatia Government International Bond		6.250		04/27/17		2,020,254
	2,125,000		Export-Import Bank of Korea		1.750		02/27/18		2,103,797
	2,100,000		FMS Wertmanagement AoeR		1.125		09/05/17		2,095,978
	500,000		Hungary Government International Bond		4.125		02/19/18		520,795
	1,250,000		Hydro-Quebec		7.500		04/01/16		1,268,600
	2,000,000	g	Iceland Government International Bond		4.875		06/16/16		2,030,022
	20,000,000	g,i	International Finance Facility for Immunisation		0.803		07/05/16		20,001,000
	100,000		Italian Republic		5.250		09/20/16		102,711
	15,000,000		KFW		1.875		11/30/20		14,932,440
	5,000,000	g	Kommunalbanken AS.		0.875		10/03/16		4,997,340
	1,700,000	g	Kommunalbanken AS.		1.625		01/15/20		1,684,588
	2,500,000	g	Kommuninvest I Sverige AB		1.000		01/29/18		2,479,950
	1,000,000	g	Kommuninvest I Sverige AB		2.000		11/12/19		1,007,453
	500,000		Korea Development Bank		1.000		01/22/16		499,928
	2,000,000		Korea Development Bank		1.500		01/22/18		1,981,498
	410,000	g	Korea Housing Finance Corp		3.500		12/15/16		416,354
	410,000	g	Korea Housing Finance Corp		1.625		09/15/18		403,748
	5,000,000		Kreditanstalt Fuer Wiederaufbau		4.375		03/15/18		5,331,605
	1,000,000		Mexico Government International Bond		5.625		01/15/17		1,039,000
	300,000	g	Municipality Finance plc		1.750		05/21/19		300,184
	3,000,000		Province of New Brunswick Canada		2.750		06/15/18		3,079,539
	350,000	g	Republic of Serbia		5.250		11/21/17		363,390

202

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000		Republic of Turkey		7.500	%	07/14/17	$	1,069,700
	625,000	g	Slovenia Government International Bond		4.125		02/18/19		657,031
	2,500,000	g	Spain Government International Bond		4.000		03/06/18		2,607,705
	3,525,000		Svensk Exportkredit AB		1.125		04/05/18		3,497,685
	1,750,000		Svensk Exportkredit AB		1.750		08/28/20		1,719,545
	1,000,000		Turkey Government International Bond		7.000		09/26/16		1,035,000
			TOTAL FOREIGN GOVERNMENT BONDS						80,247,458
MORTGAGE BACKED - 1.2%
	7,901		Federal Home Loan Mortgage Corp Gold (FGLMC)		6.000		12/01/17		8,131
	1,165,168		Federal National Mortgage Association (FNMA)		1.510		06/01/17		1,169,318
	1,886,547		FNMA		2.690		10/01/17		1,921,099
	2,276,586		FNMA		3.000		11/01/24		2,355,684
	4,846,210		FNMA		2.000		05/25/25		4,894,247
	1,983,335		Government National Mortgage Association (GNMA)		2.300		10/15/19		1,984,708
	936,880		GNMA		2.176		05/16/39		942,731
	1,682,417		GNMA		2.120		05/16/40		1,695,694
			TOTAL MORTGAGE BACKED						14,971,612
MUNICIPAL BONDS - 0.4%
	5,000,000		Florida Hurricane Catastrophe Fund Finance Corp		1.298		07/01/16		5,013,000
	500,000		New Jersey Health Care Facilities Financing Authority		5.000		07/01/16		507,365
			TOTAL MUNICIPAL BONDS						5,520,365
U.S. TREASURY SECURITIES - 12.4%
	10,471,600	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/17		10,448,123
	22,343,860	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/20		22,042,955
	26,315,000	d	United States Treasury Note		0.625		08/15/16		26,308,816
	15,000,000	d	United States Treasury Note		0.625		12/31/16		14,974,875
	31,455,000		United States Treasury Note		0.625		02/15/17		31,375,324
	2,142,000		United States Treasury Note		0.500		02/28/17		2,133,372
	2,520,000		United States Treasury Note		0.500		03/31/17		2,508,484
	2,900,000		United States Treasury Note		0.625		06/30/17		2,885,460
	7,000,000		United States Treasury Note		0.625		08/31/17		6,955,417
	5,850,000		United States Treasury Note		0.625		09/30/17		5,809,816
	85,000		United States Treasury Note		0.750		10/31/17		84,554
	1,140,000		United States Treasury Note		0.875		11/30/17		1,136,810
	7,550,000		United States Treasury Note		1.000		12/15/17		7,540,487
	5,000,000		United States Treasury Note		1.000		12/31/17		4,994,315
	600		United States Treasury Note		0.875		01/31/18		597
	5,000,000		United States Treasury Note		1.375		09/30/18		5,016,385
	16,463,000		United States Treasury Note		1.250		12/15/18		16,430,502
	22,820,000		United States Treasury Note		1.625		11/30/20		22,690,679
	3,290,000		United States Treasury Note		2.250		11/15/25		3,282,637
			TOTAL U.S. TREASURY SECURITIES						186,619,608
			TOTAL GOVERNMENT BONDS						343,179,248
			(Cost $343,849,365)

203

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
STRUCTURED ASSETS - 32.4%
ASSET BACKED - 9.7%
$	223,964	i	Aames Mortgage Trust Series - 2002 1 (Class A3) (Step Bond)		7.396	%	06/25/32	$	216,610
	13,550	i	Accredited Mortgage Loan Trust Series - 2005 3 (Class A1)		0.460		09/25/35		13,542
	294,146	i	ACE Securities Corp Home Equity Loan Trust Series - 2005 HE5 (Class M2)		1.157		08/25/35		290,318
	1,000,000	g	AESOP Funding II Series - 2011 5A (Class A)		3.270		02/20/18		1,014,617
	1,000,000		Ally Master Owner Trust Series - 2012 5 (Class A)		1.540		09/15/19		993,955
	55,677	g	Asset Backed Funding Corp NIM Trust Series - 2006 WMC1 (Class N1)		5.900		07/26/35		1
	225,000	g	Avis Budget Rental Car Funding AESOP LLC Series - 2010 5A (Class A)		3.150		03/20/17		225,566
	3,000,000	g	Avis Budget Rental Car Funding AESOP LLC Series - 2011 3A (Class C)		3.680		11/20/17		3,010,733
	3,054,440	i	Bear Stearns ALT-A Trust Series - 2004 4 (Class A1)		1.022		06/25/34		2,924,983
	5,021	i	Bear Stearns Asset Backed Securities Trust Series - 2005 SD3 (Class 2A1)		1.162		11/25/39		5,018
	2,471,358		California Republic Auto Receivables Trust Series - 2015 1 (Class A2)		0.880		12/15/17		2,467,901
	3,500,000		Capital Auto Receivables Asset Trust Series - 2013 1 (Class B)		1.290		04/20/18		3,491,638
	1,065,589	g	Capital Automotive REIT Series - 2011 1A (Class A)		5.610		11/15/39		1,144,331
	4,750,000		CarMax Auto Owner Trust Series - 2012 2 (Class C)		2.080		03/15/18		4,772,004
	4,811,592	i,m	CCR, Inc Series - 2010 CX (Class C)		0.738		07/10/17		4,760,252
	18,314		Centex Home Equity Series - 2002 A (Class AF6)		5.540		01/25/32		18,275
	156,428	i	Centex Home Equity Series - 2004 B (Class M1)		1.067		03/25/34		144,680
	263,636	i	Chase Funding Mortgage Loan Asset-Backed Certificates Series - 2004 2 (Class 1M2)		5.700		02/26/35		232,611
	6,779,925	i	Connecticut Avenue Securities Series - 2014 C02 (Class 1M1)		1.372		05/25/24		6,705,836
	6,096,308	i	Connecticut Avenue Securities Series - 2015 C01 (Class 1M1)		1.922		02/25/25		6,106,223
	15,684,587	i	Countrywide Asset-Backed Certificates Series - 2004 14 (Class M2)		1.007		06/25/35		15,566,177
	28,534	g,i	CSMC Trust Series - 2006 CF1 (Class A1)		0.732		11/25/35		28,477
	2,779,000	g	DB Master Finance LLC Series - 2015 1A (Class A2I)		3.262		02/20/45		2,749,804
	1,833,750	g	Domino’s Pizza Master Issuer LLC Series - 2012 1A (Class A2)		5.216		01/25/42		1,886,504
	3,748,222		Entergy Louisiana Investment Recovery Funding I LLC Series - 2011 A (Class A1)		2.040		09/01/23		3,734,273
	3,000,000		Ford Credit Auto Owner Trust Series - 2013 D (Class B)		1.540		03/15/19		2,988,334

204

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	9,250,000	g	Ford Credit Auto Owner Trust Series - 2014 2 (Class B)		2.510	%	04/15/26	$	9,306,881
	4,505,000		Ford Credit Floorplan Master Owner Trust Series - 2013 1 (Class C)		1.370		01/15/18		4,504,786
	1,000,000		Ford Credit Floorplan Master Owner Trust Series - 2012 5 (Class C)		2.140		09/15/19		1,000,600
	7,000,000	g	Hertz Vehicle Financing LLC Series - 2013 1A (Class A1)		1.120		08/25/17		6,984,310
	3,540,000	g	Hertz Vehicle Financing LLC Series - 2011 1A (Class A2)		3.290		03/25/18		3,591,776
	1,000,000	g	Hertz Vehicle Financing LLC Series - 2011 1A (Class B2)		4.960		03/25/18		1,016,984
	4,000,000		Hyundai Auto Receivables Trust Series - 2015 B (Class B)		2.010		06/15/21		3,956,582
	630,966	i	Lehman XS Trust Series - 2006 1 (Class 1A1)		0.672		02/25/36		602,928
	5,000,000	g	NRZ Advance Receivables Trust Advance Receivables Backed		2.540		11/15/46		4,991,719
			Series - 2015 T3 (Class AT3)
	1,978,432	g	NYCTL Trust Series - 2014 A (Class A)		1.030		11/10/27		1,968,539
	4,500,000	g	Ocwen Master Advance Receivables Trust Series - 2015 T2 (Class AT2)		2.532		11/15/46		4,499,550
	5,220,197	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		1.367		09/25/34		5,230,693
			Series - 2004 WHQ1 (Class M1)
	1,611,757	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		1.202		01/25/36		1,601,442
			Series - 2005 WCH1 (Class M2)
	2,534,418	i	People’s Choice Home Loan Securities Trust Series - 2004 2 (Class M1)		1.097		10/25/34		2,502,239
	6,000,000	i	RAMP Series - 2005 RS6 (Class M2)		0.932		06/25/35		5,873,227
	4,306,482	i	RAMP Series - 2005 RZ4 (Class A3)		0.822		11/25/35		4,267,514
	201,497	i	Residential Asset Securities Corp Series - 2005 KS3 (Class M3)		1.067		04/25/35		201,595
	500,000	i	Residential Funding Mortgage Securities II, Inc Series - 2006 HI1 (Class M2)		6.060		02/25/36		520,097
	310,152	i	Saxon Asset Securities Trust Series - 2002 2 (Class AF6)		6.120		11/25/30		330,771
	109,503	i	Securitized Asset Backed Receivables LLC Series - 2006 OP1 (Class A2C)		0.722		10/25/35		108,854
	906,765	g	Sierra Timeshare Receivables Funding LLC Series - 2012 1A (Class A)		2.840		11/20/28		910,754
	638,511	g	Sierra Timeshare Receivables Funding LLC Series - 2012 2A (Class A)		2.380		03/20/29		638,609
	650,671	g	Sierra Timeshare Receivables Funding LLC Series - 2012 3A (Class B)		2.660		08/20/29		649,532
	4,919,469	g	Sierra Timeshare Receivables Funding LLC Series - 2014 1A (Class B)		2.420		03/20/30		4,898,511

205

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,732,079	g	SLM Student Loan Trust Series - 2012 B (Class A2)		3.480	%	10/15/30	$	1,755,864
	33,274	i	Soundview Home Equity Loan Trust Series - 2005 OPT3 (Class A4)		0.722		11/25/35		33,230
	2,994,299	g	SpringCastle America Funding LLC Series - 2014 AA (Class A)		2.700		05/25/23		2,987,574
	5,000,000	g	SPS Servicer Advance Receivables Trust Advance Receivables Backed Notes 2015-T2		2.620		01/15/47		4,999,596
			Series - 2015 T2 (Class AT2)
	339,680	i	Structured Asset Investment Loan Trust Series - 2004 10 (Class A9)		1.482		11/25/34		335,880
	3,070,389	i	Structured Asset Securities Corp Mortgage Loan Trust Series - 2006 WF1 (Class A5)		0.481		02/25/36		3,058,962
	694,228	g,i	Structured Asset Securities Corp Mortgage Loan Trust Series - 2006 GEL4 (Class A2)		0.642		10/25/36		689,050
	4,899	i	Wells Fargo Home Equity Trust Series - 2006 2 (Class A3)		0.562		07/25/36		4,894
	3,990,000	g	Wendys Funding LLC Series - 2015 1A (Class A2I)		3.371		06/15/45		3,892,994
			TOTAL ASSET BACKED						153,409,200
OTHER MORTGAGE BACKED - 22.7%
	2,876,960	i	American Home Mortgage Investment Trust Series - 2004 4 (Class 3A)		1.022		02/25/45		2,870,929
	2,495,000	i	Banc of America Commercial Mortgage Trust Series - 2006 3 (Class AM)		5.851		07/10/44		2,519,813
	2,000,000	i	Banc of America Commercial Mortgage Trust Series - 2006 2 (Class AJ)		5.954		05/10/45		2,003,324
	10,000,000		Banc of America Commercial Mortgage Trust Series - 2006 6 (Class AM)		5.390		10/10/45		10,253,374
	8,750,000	g	Banc of America Commercial Mortgage Trust Series - 2007 1 (Class AM)		5.416		01/15/49		8,952,524
	5,000,000	i	Banc of America Commercial Mortgage Trust Series - 2007 1 (Class AMFX)		5.482		01/15/49		5,119,883
	13,335,000	g,i	Bear Stearns Commercial Mortgage Securities Trust Series - 2003 PWR2 (Class H)		5.300		05/11/39		14,242,525
	3,950,000	i	CD Mortgage Trust Series - 2007 CD5 (Class AJ)		6.124		11/15/44		4,117,923
	7,896,000	i	Citigroup Commercial Mortgage Trust Series - 2006 C4 (Class AJ)		5.975		03/15/49		7,935,452
	614,041	i	Citigroup Commercial Mortgage Trust Series - 2007 C6 (Class ASB)		5.713		12/10/49		620,550
	10,000,000	g,i	Citigroup Commercial Mortgage Trust Series - 2007 C6 (Class AMFX)		5.898		12/10/49		10,193,008
	5,012,491	i	Citigroup Mortgage Loan Trust Series - 2004 OPT1 (Class M1)		1.010		10/25/34		5,012,707
	6,595,972	g,i	Citigroup Mortgage Loan Trust Series - 2015 8 (Class 1A1)		0.401		05/25/37		6,306,299
	5,061,357	i	COBALT CMBS Commercial Mortgage Trust Series - 2007 C3 (Class A1A)		5.761		05/15/46		5,291,594
	8,670,000	i	COBALT CMBS Commercial Mortgage Trust Series - 2007 C3 (Class AM)		5.771		05/15/46		9,100,744

206

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	6,840,000	i	COBALT CMBS Commercial Mortgage Trust Series - 2007 C2 (Class AMFX)		5.526	%	04/15/47	$	7,121,010
	4,000,000	i	COMM Mortgage Trust Series - 2007 C9 (Class B)		5.796		12/10/49		4,051,226
	208,090	i	Commercial Mortgage Trust Series - 2005 GG5 (Class AJ)		5.238		04/10/37		207,909
	2,000,000	i	Commercial Mortgage Trust Series - 2007 GG11 (Class AM)		5.867		12/10/49		2,077,521
	10,000,000	i	Credit Suisse Commercial Mortgage Trust Series - 2007 C4 (Class A1AJ)		5.903		09/15/39		10,085,153
	9,676,585	i	Credit Suisse Commercial Mortgage Trust Series - 2007 C2 (Class AMFL)		0.581		01/15/49		9,209,834
	10,000,000	i	Credit Suisse Commercial Mortgage Trust Series - 2007 C2 (Class AJ)		5.625		01/15/49		9,679,315
	1,985,000	i	Credit Suisse First Boston Mortgage Securities Corp Series - 2004 C2 (Class E)		5.736		05/15/36		2,093,344
	19,035		Credit Suisse First Boston Mortgage Securities Corp Series - 2005 C3 (Class AJ)		4.771		07/15/37		19,023
	1,971,104	g	Credit Suisse First Boston Mortgage Securities Corp Series - 1998 C1 (Class F)		6.000		05/17/40		2,037,884
	5,935,000		Credit Suisse Mortgage Capital Certificates Series - 2006 C4 (Class AM)		5.509		09/15/39		6,045,815
	2,955,382	i	Deutsche Mortgage Securities, Inc Mortgage Loan Trust Series - 2004 5 (Class A5B) (Step Bond)		5.440		07/25/34		3,031,202
	8,396,056	i	Fannie Mae Connecticut Avenue Securities Series - 2015 C04 (Class 1M1)		2.022		04/25/28		8,407,046
	27	i	Greenpoint Mortgage Funding Trust Series - 2006 AR4 (Class A1A)		0.522		09/25/46		27
	1,108,726	i	GSR Mortgage Loan Trust Series - 2006 OA1 (Class 2A1)		0.612		08/25/46		1,080,003
	1,259,282	i	Homestar Mortgage Acceptance Corp Series - 2004 5 (Class A1)		0.872		10/25/34		1,248,826
	322,219	i	Impac CMB Trust Series - 2004 11 (Class 2A1)		1.082		03/25/35		298,593
	7,134,644	g	JP Morgan Chase Commercial Mortgage Securities Trust Series - 2013 WT (Class B)		4.845		02/16/25		7,232,265
	8,000,000	i	JP Morgan Chase Commercial Mortgage Securities Trust Series - 2006 LDP6 (Class AJ)		5.565		04/15/43		8,029,206
	2,000,000	i	JP Morgan Chase Commercial Mortgage Securities Trust Series - 2006 LDP8 (Class AJ)		5.480		05/15/45		2,033,774
	7,000,000	i	JP Morgan Chase Commercial Mortgage Securities Trust Series - 2006 LDP8 (Class B)		5.520		05/15/45		7,014,153
	4,027,132		JP Morgan Chase Commercial Mortgage Securities Trust Series - 2006 LDP9 (Class A1A)		5.257		05/15/47		4,086,938
	6,200,000	i	JP Morgan Chase Commercial Mortgage Securities Trust Series - 2007 LD12 (Class AM)		6.192		02/15/51		6,523,412
	10,691,000	g,i	LB-UBS Commercial Mortgage Trust Series - 2004 C7 (Class K)		5.151		10/15/36		11,044,623
	11,190,000		LB-UBS Commercial Mortgage Trust Series - 2007 C1 (Class AJ)		5.484		02/15/40		11,302,014

207

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	6,351,168	g,i	LVII Resecuritization Trust Series - 2015 A (Class A)		3.033	%	07/31/47	$	6,351,168
	1,983,231	g,i	ML-CFC Commercial Mortgage Trust Series - 2007 5 (Class AMFL)		0.497		08/12/48		1,857,464
	9,000,000	i	Morgan Stanley Capital I Trust Series - 2006 HQ10 (Class AJ)		5.389		11/12/41		9,029,681
	405,000	i	Morgan Stanley Capital I Trust Series - 2006 HQ9 (Class AJ)		5.793		07/12/44		410,795
	10,950,000	i	Morgan Stanley Capital I Trust Series - 2007 IQ15 (Class AM)		5.907		06/11/49		11,467,158
	2,250,000	i	Morgan Stanley Capital I Trust Series - 2007 IQ16 (Class AM)		6.281		12/12/49		2,371,789
	1,250,000		Morgan Stanley Capital I Trust Series - 2005 IQ9 (Class D)		5.000		07/15/56		1,285,848
	910,836	i	Morgan Stanley Capital I Trust 2007-HQ11 Series - 2007 HQ11 (Class AMFL)		0.487		02/12/44		888,215
	721		Residential Accredit Loans, Inc Series - 2004 QS4 (Class A1)		4.350		03/25/34		720
	4,056,458	i	Structured Adjustable Rate Mortgage Loan Trust Series - 2004 9XS (Class A)		0.792		07/25/34		3,917,061
	44,795	i	Structured Agency Credit Risk Debt Note (STACR) Series - 2014 DN4 (Class M1)		1.822		10/25/24		44,797
	3,224,998	i	Structured Agency Credit Risk Debt Note (STACR) Series - 2015 DN1 (Class M1)		1.672		01/25/25		3,227,664
	13,000,000	i	Structured Agency Credit Risk Debt Note (STACR) Series - 2015 DN1 (Class M2)		2.822		01/25/25		13,198,904
	3,893,588	i	Structured Agency Credit Risk Debt Note (STACR) Series - 2015 HQ1 (Class M1)		1.472		03/25/25		3,892,538
	10,000,000	i	Structured Agency Credit Risk Debt Note (STACR) Series - 2015 HQ1 (Class M2)		2.622		03/25/25		9,971,174
	9,565,615	i	Structured Agency Credit Risk Debt Note (STACR) Series - 2015 HQ2 (Class M1)		1.522		05/25/25		9,549,974
	10,325,963	i	Structured Agency Credit Risk Debt Note (STACR) Series - 2015 DNA3 (Class M1)		1.772		04/25/28		10,331,315
	5,947,006	i	Structured Agency Credit Risk Debt Note (STACR) Series - 2015 HQA2 (Class M1)		1.572		05/25/28		5,949,216
	8,735,000		Wachovia Bank Commercial Mortgage Trust Series - 2007 C30 (Class AM)		5.383		12/15/43		9,025,623
	864,355	i	Wachovia Bank Commercial Mortgage Trust Series - 2007 C34 (Class A1A)		5.608		05/15/46		892,510
	1,125,000	i	Wachovia Bank Commercial Mortgage Trust Series - 2007 C34 (Class AM)		5.818		05/15/46		1,181,470
	3,560,000	i	Wachovia Bank Commercial Mortgage Trust Series - 2007 C31 (Class AM)		5.591		04/15/47		3,689,980
	9,635,000	g	Wachovia Bank Commercial Mortgage Trust Series - 2007 C32 (Class AMFX)		5.703		06/15/49		10,038,214
	4,020,000	i	Wachovia Bank Commercial Mortgage Trust Series - 2007 C33 (Class AM)		5.953		02/15/51		4,222,599
			TOTAL OTHER MORTGAGE BACKED						341,296,642
			TOTAL STRUCTURED ASSETS						494,705,842
			(Cost $498,567,243)
			TOTAL BONDS						1,411,538,768
			(Cost $1,420,052,587)

208

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
SHORT-TERM INVESTMENTS - 2.2%
GOVERNMENT AGENCY DEBT - 0.3%
$	4,000,000	d	Federal Home Loan Bank (FHLB)		0.125	%	01/15/16	$	3,999,816
			TOTAL GOVERNMENT AGENCY DEBT						3,999,816
TREASURY DEBT - 1.9%
	29,400,000	d	United States Treasury Bill		0.132		01/28/16		29,397,442
			TOTAL TREASURY DEBT						29,397,442
			TOTAL SHORT-TERM INVESTMENTS						33,397,258
			(Cost $33,396,785)
			TOTAL INVESTMENTS - 99.7%						1,497,166,432
			(Cost $1,506,211,291)
			OTHER ASSETS & LIABILITIES, NET - 0.3%						4,272,340
			NET ASSETS - 100.0%					$	1,501,438,772

	Abbreviation(s):
REIT	Real Estate Investment Trust
d	All or a portion of these securities have been segregated to cover margin or other requirements on open futures transactions.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 12/31/2015, the aggregate value of these securities was $311,899,028 or 20.8% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
k	Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index.
m	Indicates a security that has been deemed illiquid.

209

TIAA-CREF FUNDS - Short-Term Bond Index Fund

TIAA-CREF FUNDS

SHORT-TERM BOND INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

December 31, 2015

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
BONDS - 99.8%
CORPORATE BONDS - 26.0%
BANKS - 6.7%
$	250,000	Australia & New Zealand Banking Group Ltd		1.250	%	01/10/17	$	250,315
	900,000	Bank of America Corp		1.700		08/25/17		897,498
	250,000	Bank of America NA		2.050		12/07/18		249,313
	200,000	Bank of Montreal		1.400		04/10/18		198,176
	200,000	Bank of Nova Scotia		1.450		04/25/18		198,477
	250,000	Capital One NA		2.350		08/17/18		250,515
	300,000	Citigroup, Inc		1.350		03/10/17		298,868
	150,000	Citigroup, Inc		1.800		02/05/18		149,478
	100,000	Citigroup, Inc		2.050		12/07/18		99,470
	250,000	Citizens Bank NA		2.300		12/03/18		249,738
	200,000	Commonwealth Bank of Australia		1.900		09/18/17		201,041
	100,000	Commonwealth Bank of Australia		1.750		11/02/18		99,287
	50,000	Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.375		01/19/17		51,110
	250,000	Deutsche Bank AG		1.875		02/13/18		247,868
	100,000	Discover Bank		2.600		11/13/18		99,940
	50,000	Fifth Third Bancorp		5.450		01/15/17		51,834
	200,000	Fifth Third Bancorp		2.150		08/20/18		200,593
	100,000	HSBC USA, Inc		1.625		01/16/18		99,514
	250,000	Huntington National Bank		2.200		11/06/18		249,341
	250,000	Industrial & Commercial Bank of China Ltd		2.157		11/13/18		248,931
	100,000	Intesa Sanpaolo S.p.A		3.875		01/16/18		102,548
	600,000	JPMorgan Chase & Co		1.800		01/25/18		599,233
	200,000	JPMorgan Chase & Co		1.700		03/01/18		199,025
	100,000	Lloyds Bank plc		2.000		08/17/18		100,074
	250,000	National Bank of Canada		2.100		12/14/18		249,698
	250,000	PNC Bank NA		1.800		11/05/18		249,383
	250,000	Royal Bank of Canada		1.250		06/16/17		249,767
	200,000	Royal Bank of Canada		2.000		12/10/18		199,833
	200,000	Sumitomo Mitsui Banking Corp		1.800		07/18/17		199,916
	250,000	Toronto-Dominion Bank		1.125		05/02/17		249,187
	200,000	US Bancorp		2.200		11/15/16		201,923
	250,000	Westpac Banking Corp		1.550		05/25/18		248,045
	100,000	Westpac Banking Corp		1.950		11/23/18		99,810
		TOTAL BANKS						7,339,749
CAPITAL GOODS - 0.9%
	250,000	Caterpillar Financial Services Corp		1.250		08/18/17		249,115
	200,000	Danaher Corp		1.650		09/15/18		199,920
	200,000	John Deere Capital Corp		1.125		06/12/17		199,617
	100,000	John Deere Capital Corp		1.750		08/10/18		100,035
	100,000	Lockheed Martin Corp		1.850		11/23/18		99,836
	100,000	Pentair Finance S.A.		2.900		09/15/18		99,564

210

TIAA-CREF FUNDS - Short-Term Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	50,000	United Technologies Corp		5.375	%	12/15/17	$	53,754
		TOTAL CAPITAL GOODS						1,001,841
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%
	100,000	Air Lease Corp		2.625		09/04/18		98,868
	100,000	McGraw-Hill Financial, Inc		2.500		08/15/18		100,632
	200,000	Visa, Inc		1.200		12/14/17		199,795
		TOTAL COMMERCIAL & PROFESSIONAL SERVICES						399,295
CONSUMER DURABLES & APPAREL - 0.1%
	100,000	Newell Rubbermaid, Inc		2.150		10/15/18		96,796
		TOTAL CONSUMER DURABLES & APPAREL						96,796
CONSUMER SERVICES - 0.4%
	100,000	McDonald’s Corp		5.350		03/01/18		107,093
	100,000	McDonald’s Corp		2.100		12/07/18		100,082
	100,000	Walt Disney Co		1.100		12/01/17		99,693
	100,000	Walt Disney Co		1.500		09/17/18		99,819
		TOTAL CONSUMER SERVICES						406,687
DIVERSIFIED FINANCIALS - 5.1%
	100,000	Abbey National Treasury Services plc		2.000		08/24/18		99,853
	100,000	American Express Co		1.550		05/22/18		99,230
	300,000	American Express Credit Corp		1.550		09/22/17		299,894
	75,000	American Express Credit Corp		1.875		11/05/18		74,811
	200,000	American Honda Finance Corp		1.550		12/11/17		200,055
	100,000	Bank of New York Mellon Corp		1.300		01/25/18		99,113
	200,000	BNP Paribas S.A.		1.375		03/17/17		199,813
	300,000	Credit Suisse		1.750		01/29/18		299,149
	250,000	Ford Motor Credit Co LLC		1.684		09/08/17		246,985
	200,000	Ford Motor Credit Co LLC		1.724		12/06/17		196,915
	150,000	Ford Motor Credit Co LLC		2.551		10/05/18		148,932
	155,000	General Electric Capital Corp		1.250		05/15/17		154,994
	300,000	General Electric Capital Corp		1.600		11/20/17		301,942
	200,000	General Motors Financial Co, Inc		2.400		04/10/18		199,015
	100,000	General Motors Financial Co, Inc		3.100		01/15/19		99,876
	700,000	Goldman Sachs Group, Inc		2.375		01/22/18		706,095
	500,000	Morgan Stanley		4.750		03/22/17		517,901
	100,000	Morgan Stanley		2.125		04/25/18		100,224
	180,000	National Rural Utilities Cooperative Finance Corp		1.100		01/27/17		179,985
	50,000	Oesterreichische Kontrollbank AG.		1.125		05/29/18		49,642
	100,000	PACCAR Financial Corp		1.750		08/14/18		99,678
	100,000	Synchrony Financial		2.600		01/15/19		99,668
	50,000	Toyota Motor Credit Corp		1.750		05/22/17		50,321
	200,000	Toyota Motor Credit Corp		1.250		10/05/17		199,408
	250,000	UBS AG.		1.375		06/01/17		248,826
	500,000	Wells Fargo & Co		1.150		06/02/17		498,136
	100,000	Wells Fargo & Co		1.500		01/16/18		99,591
		TOTAL DIVERSIFIED FINANCIALS						5,570,052

211

TIAA-CREF FUNDS - Short-Term Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
ENERGY - 2.3%
$	200,000		Anadarko Petroleum Corp		6.375	%	09/15/17	$	209,720
	200,000		BP Capital Markets plc		1.375		05/10/18		197,146
	100,000		Chevron Corp		1.344		11/09/17		99,781
	200,000		Chevron Corp		1.718		06/24/18		199,014
	100,000		Chevron Corp		1.790		11/16/18		99,097
	100,000		ConocoPhillips Co		1.050		12/15/17		98,193
	200,000		Enterprise Products Operating LLC		1.650		05/07/18		195,104
	100,000		Marathon Petroleum Corp		2.700		12/14/18		98,897
	50,000		Nabors Industries, Inc		6.150		02/15/18		50,739
	500,000		Pemex Project Funding Master Trust		5.750		03/01/18		520,500
	200,000		Shell International Finance BV		1.125		08/21/17		198,615
	100,000		Shell International Finance BV		1.250		11/10/17		99,480
	100,000		Shell International Finance BV		1.625		11/10/18		99,465
	150,000		Total Capital International S.A.		1.550		06/28/17		150,390
	100,000		TransCanada PipeLines Ltd		1.625		11/09/17		99,184
	100,000		TransCanada PipeLines Ltd		1.875		01/12/18		99,620
			TOTAL ENERGY						2,514,945
FOOD & STAPLES RETAILING - 0.2%
	200,000		CVS Health Corp		1.900		07/20/18		199,897
			TOTAL FOOD & STAPLES RETAILING						199,897
FOOD, BEVERAGE & TOBACCO - 1.3%
	200,000		Anheuser-Busch InBev Worldwide, Inc		1.375		07/15/17		199,331
	50,000		Coca-Cola Co		1.150		04/01/18		49,863
	100,000		Coca-Cola Co		0.875		10/27/17		99,632
	50,000		Diageo Capital plc		5.750		10/23/17		53,685
	100,000		Hershey Co		1.600		08/21/18		100,007
	200,000	g	HJ Heinz Co		1.600		06/30/17		199,435
	100,000		Kraft Foods, Inc		6.500		08/11/17		107,469
	200,000		PepsiCo, Inc		1.250		08/13/17		200,067
	50,000		PepsiCo, Inc		1.000		10/13/17		49,744
	200,000		Philip Morris International, Inc		5.650		05/16/18		218,241
	100,000		Reynolds American, Inc		2.300		06/12/18		100,635
			TOTAL FOOD, BEVERAGE & TOBACCO						1,378,109
HEALTH CARE EQUIPMENT & SERVICES - 0.6%
	100,000		Becton Dickinson & Co		1.800		12/15/17		99,860
	200,000		Express Scripts Holding Co		2.650		02/15/17		201,975
	100,000		Medtronic, Inc		1.375		04/01/18		99,479
	100,000		St. Jude Medical, Inc		2.000		09/15/18		99,827
	100,000		Thermo Fisher Scientific, Inc		2.150		12/14/18		99,946
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						601,087
HOUSEHOLD & PERSONAL PRODUCTS - 0.0%
	50,000		Ecolab, Inc		1.450		12/08/17		49,529
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						49,529
INSURANCE - 0.7%
	250,000		Berkshire Hathaway Finance Corp		1.600		05/15/17		251,631
	100,000		Hartford Financial Services Group, Inc		5.375		03/15/17		104,303

212

TIAA-CREF FUNDS - Short-Term Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	48,000		ING US, Inc		2.900	%	02/15/18	$	48,528
	100,000		MetLife, Inc		1.903		12/15/17		100,590
	100,000		Prudential Financial, Inc		6.100		06/15/17		105,945
	200,000		UnitedHealth Group, Inc		1.400		12/15/17		199,430
			TOTAL INSURANCE						810,427
MATERIALS - 0.5%
	50,000		BHP Billiton Finance USA Ltd		1.625		02/24/17		49,900
	200,000		Freeport-McMoRan, Inc		2.150		03/01/17		183,000
	200,000		Kimberly-Clark Corp		6.125		08/01/17		214,888
	50,000		Rio Tinto Finance USA plc		2.000		03/22/17		49,956
	100,000		Rohm and Haas Co		6.000		09/15/17		106,442
			TOTAL MATERIALS						604,186
MEDIA - 0.4%
	200,000		Comcast Corp		6.300		11/15/17		217,600
	200,000		Time Warner Cable, Inc		5.850		05/01/17		209,232
			TOTAL MEDIA						426,832
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.4%
	200,000		AbbVie, Inc		1.750		11/06/17		199,622
	100,000		AbbVie, Inc		1.800		05/14/18		99,546
	200,000		Actavis Funding SCS		2.350		03/12/18		200,240
	200,000		Amgen, Inc		1.250		05/22/17		199,256
	100,000		AstraZeneca plc		1.750		11/16/18		99,693
	100,000		Gilead Sciences, Inc		1.850		09/04/18		100,454
	200,000		GlaxoSmithKline Capital, Inc		5.650		05/15/18		218,018
	200,000		Johnson & Johnson		5.550		08/15/17		213,877
	100,000	g	Mylan NV		3.000		12/15/18		99,792
	50,000		Pfizer, Inc		1.500		06/15/18		49,935
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						1,480,433
REAL ESTATE - 0.4%
	200,000		HCP, Inc		6.000		01/30/17		208,346
	100,000		Health Care REIT, Inc		4.700		09/15/17		104,531
	100,000		Simon Property Group LP		2.150		09/15/17		100,935
			TOTAL REAL ESTATE						413,812
RETAILING - 0.5%
	100,000		Best Buy Co, Inc		5.000		08/01/18		103,850
	100,000		Costco Wholesale Corp		5.500		03/15/17		105,264
	200,000		Target Corp		5.375		05/01/17		211,150
	100,000		Wal-Mart Stores, Inc		1.125		04/11/18		99,590
			TOTAL RETAILING						519,854
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.2%
	250,000		Intel Corp		1.350		12/15/17		250,346
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						250,346
SOFTWARE & SERVICES - 0.9%
	100,000		Fidelity National Information Services, Inc		2.850		10/15/18		100,355

213

TIAA-CREF FUNDS - Short-Term Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	200,000		International Business Machines Corp		5.700	%	09/14/17	$	214,527
	100,000		International Business Machines Corp		1.125		02/06/18		99,336
	100,000		Microsoft Corp		1.300		11/03/18		99,834
	50,000		Oracle Corp		1.200		10/15/17		50,029
	200,000		Oracle Corp		5.750		04/15/18		218,248
	200,000		Xerox Corp		2.950		03/15/17		201,493
			TOTAL SOFTWARE & SERVICES						983,822
TECHNOLOGY HARDWARE & EQUIPMENT - 0.9%
	200,000		Apple, Inc		1.000		05/03/18		198,429
	200,000		Cisco Systems, Inc		1.650		06/15/18		200,830
	200,000		EMC Corp		1.875		06/01/18		186,637
	200,000		General Electric Co		5.250		12/06/17		213,556
	100,000	g	Hewlett-Packard Enterprise Co		2.450		10/05/17		99,920
	100,000	g	Hewlett-Packard Enterprise Co		2.850		10/05/18		99,964
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						999,336
TELECOMMUNICATION SERVICES - 0.7%
	300,000		AT&T, Inc		1.400		12/01/17		298,628
	100,000		Telefonica Emisiones SAU		3.192		04/27/18		101,951
	200,000		Verizon Communications, Inc		1.350		06/09/17		199,431
	200,000		Vodafone Group plc		1.500		02/19/18		197,790
			TOTAL TELECOMMUNICATION SERVICES						797,800
TRANSPORTATION - 0.2%
	150,000		Burlington Northern Santa Fe LLC		5.650		05/01/17		157,756
	50,000		United Parcel Service, Inc		1.125		10/01/17		49,966
			TOTAL TRANSPORTATION						207,722
UTILITIES - 1.2%
	100,000		American Electric Power Co, Inc		1.650		12/15/17		99,258
	100,000		Duke Energy Corp		1.625		08/15/17		99,870
	100,000		Exelon Corp		1.550		06/09/17		99,582
	50,000		Georgia Power Co		5.700		06/01/17		52,779
	100,000		Georgia Power Co		1.950		12/01/18		99,767
	100,000		Kinder Morgan, Inc		2.000		12/01/17		96,347
	200,000		MidAmerican Energy Holdings Co		5.750		04/01/18		216,088
	200,000		NextEra Energy Capital Holdings, Inc		2.056		09/01/17		200,182
	100,000		Southern Power Co		1.850		12/01/17		99,954
	50,000		Virginia Electric and Power Co		1.200		01/15/18		49,502
	100,000		Wisconsin Public Service Corp		1.650		12/04/18		99,384
	100,000		Xcel Energy, Inc		1.200		06/01/17		99,496
			TOTAL UTILITIES						1,312,209
			TOTAL CORPORATE BONDS						28,364,766
			(Cost $28,512,159)
GOVERNMENT BONDS -  73.8%
AGENCY SECURITIES - 7.2%
	100,000		Federal Farm Credit Banks (FFCB)		4.875		01/17/17		104,054

214

TIAA-CREF FUNDS - Short-Term Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	730,000		Federal Home Loan Banks (FHLB)		0.875	%	03/10/17	$	729,534
	1,000,000		FHLB		2.250		09/08/17		1,018,688
	500,000		FHLB		1.125		04/25/18		498,739
	2,800,000		Federal Home Loan Mortgage Corp (FHLMC)		1.000		03/08/17		2,802,576
	800,000	j	Federal National Mortgage Association (FNMA)		0.000		06/01/17		786,952
	2,000,000		FNMA		0.875		08/28/17		1,990,498
			TOTAL AGENCY SECURITIES						7,931,041
FOREIGN GOVERNMENT BONDS - 6.9%
	500,000		African Development Bank		0.875		05/15/17		498,825
	100,000		African Development Bank		0.750		11/03/17		99,195
	100,000		African Development Bank		1.625		10/02/18		100,461
	400,000		Asian Development Bank		0.750		07/28/17		397,808
	250,000		Canada Government International Bond		1.125		03/19/18		249,266
	100,000		European Bank for Reconstruction & Development		0.750		09/01/17		99,441
	1,350,000		European Investment Bank		1.125		09/15/17		1,347,831
	50,000		Export Development Canada		0.750		12/15/17		49,576
	100,000		Export Development Canada		1.000		11/01/18		98,847
	100,000		Export Development Canada		1.250		12/10/18		99,376
	215,000		FMS Wertmanagement AoeR		0.625		01/30/17		214,023
	500,000		Inter-American Development Bank		1.125		03/15/17		501,144
	100,000		Inter-American Development Bank		1.125		08/28/18		99,080
	650,000		International Bank for Reconstruction & Development		1.000		11/15/17		648,957
	100,000		International Bank for Reconstruction & Development		1.000		10/05/18		98,886
	500,000		International Finance Corp		1.000		04/24/17		499,211
	75,000		International Finance Corp		1.250		11/27/18		74,186
	200,000		Italy Government International Bond		5.375		06/12/17		210,260
	1,450,000		KFW		0.875		09/05/17		1,442,583
	100,000		Landwirtschaftliche Rentenbank		2.375		09/13/17		101,978
	50,000		Mexico Government International Bond		5.625		01/15/17		51,950
	300,000		Province of Ontario Canada		1.100		10/25/17		298,586
	200,000		Province of Quebec Canada		5.125		11/14/16		206,906
	100,000		Republic of Turkey		7.500		07/14/17		106,970
			TOTAL FOREIGN GOVERNMENT BONDS						7,595,346
U.S. TREASURY SECURITIES - 59.7%
	28,000,000		United States Treasury Note		0.875		05/15/17		27,983,788
	7,200,000		United States Treasury Note		0.625		07/31/17		7,160,011
	5,500,000		United States Treasury Note		0.625		09/30/17		5,462,221
	4,000,000		United States Treasury Note		0.875		11/30/17		3,988,808
	2,150,000		United States Treasury Note		0.875		07/15/18		2,130,807
	11,250,000		United States Treasury Note		1.000		09/15/18		11,171,250
	1,700,000		United States Treasury Note		0.875		10/15/18		1,681,438
	2,800,000		United States Treasury Note		1.250		11/15/18		2,796,004
	3,000,000		United States Treasury Note		1.250		12/15/18		2,994,078
			TOTAL U.S. TREASURY SECURITIES						65,368,405
			TOTAL GOVERNMENT BONDS						80,894,792
			(Cost $81,326,746)

215

TIAA-CREF FUNDS - Short-Term Bond Index Fund

		VALUE
	TOTAL BONDS	$	109,259,558
	(Cost $109,838,905)
	TOTAL INVESTMENTS - 99.8%		109,259,558
	(Cost $109,838,905)
	OTHER ASSETS & LIABILITIES, NET - 0.2%		224,312
	NET ASSETS - 100.0%	$	109,483,870
	Abbreviation(s):
REIT	Real Estate Investment Trust
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 12/31/2015, the aggregate value of these securities was $499,111 or 0.5% of net assets.
j	Zero coupon

216

TIAA-CREF FUNDS - Social Choice Bond Fund

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

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
BANK LOAN OBLIGATIONS - 0.8%
ENERGY - 0.2%
$	42,146	i	Granite Acquisition, Inc		5.000	%	12/19/21	$	37,510
	948,276	i	Granite Acquisition, Inc		5.000		12/19/21		843,966
			TOTAL ENERGY						881,476
MEDIA - 0.2%
	1,325,000	i	CCO Safari III LLC		3.500		01/24/23		1,322,244
			TOTAL MEDIA						1,322,244
UTILITIES - 0.4%
	863,763	i	ExGen Renewables I LLC		5.250		02/06/21		863,763
	1,912,138	i	Terra-Gen Finance Co LLC		5.250		12/09/21		1,778,288
			TOTAL UTILITIES						2,642,051
			TOTAL BANK LOAN OBLIGATIONS						4,845,771
			(Cost $5,064,751)
BONDS - 97.4%
CORPORATE BONDS - 36.9%
AUTOMOBILES & COMPONENTS - 0.8%
	1,575,000		Delphi Automotive plc		3.150		11/19/20		1,573,135
	3,135,000		Harley-Davidson, Inc		4.625		07/28/45		3,073,805
			TOTAL AUTOMOBILES & COMPONENTS						4,646,940
BANKS - 6.0%
	3,200,000		Bank of America Corp		1.350		11/21/16		3,195,706
	3,000,000		Bank of America Corp		1.950		05/12/18		2,982,951
	1,000,000		Bank of Nova Scotia		2.125		09/11/19		999,028
	2,906,000	i	BOK Financial Corp		1.052		05/15/17		2,893,786
	1,750,000	i	Chittenden Corp		1.047		02/14/17		1,734,456
	250,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.950		11/09/22		253,081
	500,000		Discover Bank		4.200		08/08/23		510,836
	500,000		Huntington Bancshares, Inc		2.600		08/02/18		500,633
	500,000		Huntington National Bank		1.375		04/24/17		497,000
	5,000,000	g	ING Bank NV		2.000		11/26/18		4,980,095
	500,000	g	Intesa Sanpaolo S.p.A		5.017		06/26/24		492,174
	1,850,000	i	Manufacturers & Traders Trust Co		0.620		07/25/17		1,844,222
	1,000,000		Manufacturers & Traders Trust Co		2.900		02/06/25		968,687
	1,000,000		Northern Trust Corp		3.375		08/23/21		1,038,338
	2,000,000		People’s United Financial, Inc		3.650		12/06/22		1,969,520
	2,000,000		Royal Bank of Canada		1.875		02/05/20		1,963,606
	3,000,000		Royal Bank of Canada		2.100		10/14/20		2,949,420

217

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	250,000		Silicon Valley Bank		6.050	%	06/01/17	$	261,659
	500,000	g	Skandinaviska Enskilda Banken AB		1.375		05/29/18		494,496
	2,220,000		SVB Financial Group		3.500		01/29/25		2,128,800
	3,000,000	g	Toronto-Dominion Bank		1.950		04/02/20		2,952,267
			TOTAL BANKS						35,610,761
CAPITAL GOODS - 1.9%
	1,150,000	g	Anixter, Inc		5.500		03/01/23		1,155,750
	3,000,000	g	CRH America, Inc		3.875		05/18/25		2,981,007
	1,000,000		Parker-Hannifin Corp		4.200		11/21/34		1,014,961
	250,000		Pentair Finance S.A.		1.875		09/15/17		247,280
	500,000		Pentair Finance S.A.		2.650		12/01/19		484,844
	1,000,000		Rockwell Automation, Inc		2.050		03/01/20		991,548
	1,000,000		Rockwell Automation, Inc		2.875		03/01/25		975,337
	500,000		Rockwell Collins, Inc		3.700		12/15/23		514,342
	2,500,000	g	Sealed Air Corp		5.500		09/15/25		2,550,000
			TOTAL CAPITAL GOODS						10,915,069
COMMERCIAL & PROFESSIONAL SERVICES - 0.7%
	1,000,000		Air Lease Corp		2.125		01/15/18		982,500
	500,000		Air Lease Corp		3.875		04/01/21		502,500
	1,000,000		Air Lease Corp		4.250		09/15/24		980,000
	2,200,000		Waste Management, Inc		3.900		03/01/35		2,056,989
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						4,521,989
CONSUMER SERVICES - 1.1%
	3,000,000		Henry J Kaiser Family Foundation		3.356		12/01/25		3,022,836
	2,000,000		Metropolitan Museum of Art		3.400		07/01/45		1,818,230
	2,000,000		New York Public Library Astor Lenox & Tilden Foundations		4.305		07/01/45		1,879,178
			TOTAL CONSUMER SERVICES						6,720,244
DIVERSIFIED FINANCIALS - 2.3%
	500,000	g,i	Armor Re Ltd		4.243		12/15/16		498,950
	250,000	i	Bank of New York Mellon Corp		0.889		08/01/18		249,367
	250,000	g	Bayer US Finance LLC		2.375		10/08/19		250,224
	1,000,000	g	EDP Finance BV		4.125		01/15/20		1,002,300
	500,000	g	EDP Finance BV		5.250		01/14/21		516,679
	500,000	i	Ford Motor Credit Co LLC		1.594		05/09/16		500,681
	500,000		Ford Motor Credit Co LLC		2.375		01/16/18		498,860
	1,000,000	i	Ford Motor Credit Co LLC		1.264		11/04/19		971,274
	1,000,000		Ford Motor Credit Co LLC		3.219		01/09/22		979,085
	2,675,000		Ford Motor Credit Co LLC		4.134		08/04/25		2,666,871
	3,000,000		Morgan Stanley		2.200		12/07/18		3,001,950
	250,000	g	RCI Banque S.A.		3.500		04/03/18		254,883
	2,000,000		State Street Corp		2.550		08/18/20		2,025,552
			TOTAL DIVERSIFIED FINANCIALS						13,416,676
ENERGY - 2.2%
	616,000	g	California Resources Corp		8.000		12/15/22		324,170
	230,000		California Resources Corp		6.000		11/15/24		70,150
	1,000,000		EOG Resources, Inc		3.900		04/01/35		915,070

218

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000		Marathon Petroleum Corp		4.750	%	09/15/44	$	817,397
	336,000		National Oilwell Varco, Inc		2.600		12/01/22		293,918
	1,000,000		National Oilwell Varco, Inc		3.950		12/01/42		761,624
	500,000	g	Northern Natural Gas Co		4.100		09/15/42		482,616
	1,000,000		Phillips 66		4.650		11/15/34		936,798
	1,000,000		Southwestern Energy Co		3.300		01/23/18		820,000
	1,000,000		Southwestern Energy Co		4.050		01/23/20		725,000
	1,000,000	i	Statoil ASA		0.544		11/09/17		994,904
	500,000		Statoil ASA		3.150		01/23/22		498,757
	1,000,000		Statoil ASA		2.450		01/17/23		948,344
	500,000		Statoil ASA		2.650		01/15/24		467,924
	3,000,000		Statoil ASA		3.950		05/15/43		2,709,825
	1,000,000	g	Woodside Finance Ltd		3.650		03/05/25		886,388
			TOTAL ENERGY						12,652,885
FOOD & STAPLES RETAILING - 0.3%
	1,700,000	i	Kroger Co		0.845		10/17/16		1,698,915
			TOTAL FOOD & STAPLES RETAILING						1,698,915
FOOD, BEVERAGE & TOBACCO - 0.5%
	1,000,000		JM Smucker Co		1.750		03/15/18		995,356
	1,000,000		JM Smucker Co		3.000		03/15/22		994,995
	825,000		Mead Johnson Nutrition Co		3.000		11/15/20		825,121
			TOTAL FOOD, BEVERAGE & TOBACCO						2,815,472
HEALTH CARE EQUIPMENT & SERVICES - 0.6%
	500,000		Laboratory Corp of America Holdings		2.500		11/01/18		501,296
	1,000,000		Laboratory Corp of America Holdings		2.625		02/01/20		987,663
	1,000,000		Laboratory Corp of America Holdings		3.200		02/01/22		981,802
	1,000,000		Owens & Minor, Inc		3.875		09/15/21		996,105
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						3,466,866
INSURANCE - 1.7%
	500,000	g	Five Corners Funding Trust		4.419		11/15/23		522,049
	1,200,000	g,i	Merna Reinsurance IV Ltd		2.663		04/08/16		1,199,640
	1,750,000		Progressive Corp		3.700		01/26/45		1,583,776
	2,000,000	i	Prudential Financial, Inc		5.375		05/15/45		1,997,500
	3,950,000	g	Swiss Re Treasury US Corp		2.875		12/06/22		3,817,070
	1,000,000	g	Swiss Re Treasury US Corp		4.250		12/06/42		943,758
			TOTAL INSURANCE						10,063,793
MATERIALS - 1.3%
	500,000		Agrium, Inc		3.150		10/01/22		478,374
	2,000,000		Agrium, Inc		3.500		06/01/23		1,909,336
	1,000,000		Agrium, Inc		5.250		01/15/45		932,127
	1,000,000		Eastman Chemical Co		2.700		01/15/20		990,527
	2,000,000		International Paper Co		5.000		09/15/35		1,983,390
	1,000,000		LyondellBasell Industries NV		4.625		02/26/55		810,954
	500,000		Nucor Corp		4.000		08/01/23		484,971
			TOTAL MATERIALS						7,589,679

219

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
MEDIA - 1.3%
$	3,000,000	g	CCO Safari II LLC		3.579	%	07/23/20	$	2,982,816
	1,770,000	g	CCO Safari II LLC		4.464		07/23/22		1,763,840
	3,000,000	g	CCO Safari II LLC		4.908		07/23/25		2,997,051
			TOTAL MEDIA						7,743,707
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.0%
	1,100,000		Biogen, Inc		2.900		09/15/20		1,097,585
	3,000,000		Biogen, Inc		3.625		09/15/22		3,033,588
	500,000		Bristol-Myers Squibb Co		3.250		08/01/42		432,954
	1,150,000		Zoetis, Inc		3.450		11/13/20		1,151,379
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						5,715,506
REAL ESTATE - 1.9%
	1,047,000		Equity One, Inc		6.250		01/15/17		1,090,307
	1,795,000		Equity One, Inc		6.000		09/15/17		1,899,699
	2,332,000		Equity One, Inc		3.750		11/15/22		2,252,043
	1,000,000		Kilroy Realty LP		3.800		01/15/23		991,280
	1,350,000		Kilroy Realty LP		4.375		10/01/25		1,367,604
	3,000,000		Regency Centers LP		3.750		06/15/24		2,980,629
	450,000		Washington REIT		4.950		10/01/20		478,287
			TOTAL REAL ESTATE						11,059,849
TECHNOLOGY HARDWARE & EQUIPMENT - 0.2%
	250,000		CC Holdings GS V LLC		2.381		12/15/17		250,269
	1,000,000		Motorola Solutions, Inc		3.500		09/01/21		941,060
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						1,191,329
TELECOMMUNICATION SERVICES - 0.1%
	500,000		CenturyLink, Inc		6.750		12/01/23		468,750
			TOTAL TELECOMMUNICATION SERVICES						468,750
TRANSPORTATION - 4.1%
	2,000,000	i	Canadian National Railway Co		0.532		11/14/17		1,984,000
	1,500,000		Delta Airlines		4.250		07/30/23		1,511,250
	1,975,000		Delta Airlines		3.625		07/30/27		1,999,687
	2,000,000		GATX Corp		2.500		03/15/19		1,968,496
	500,000		GATX Corp		2.500		07/30/19		492,138
	1,000,000		GATX Corp		2.600		03/30/20		973,293
	500,000		GATX Corp		5.200		03/15/44		477,222
	1,000,000		GATX Corp		4.500		03/30/45		853,375
	3,000,000	g	Kansas City Southern		4.950		08/15/45		2,935,605
	2,000,000		Norfolk Southern Corp		4.450		06/15/45		1,883,242
	500,000		Ryder System, Inc		2.550		06/01/19		497,104
	1,750,000		Southwest Airlines Co		2.750		11/06/19		1,764,296
	1,000,000		Spirit Airlines, Inc		4.100		04/01/28		985,000
	2,896,807		Union Pacific Railroad Co		3.227		05/14/26		2,890,057
	3,000,000		Union Pacific Railroad Co		2.695		05/12/27		2,906,811
			TOTAL TRANSPORTATION						24,121,576

220

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
UTILITIES - 8.9%
$	3,000,000		Connecticut Light & Power Co		4.150	%	06/01/45	$	2,964,858
	2,801,580	g	Continental Wind LLC		6.000		02/28/33		3,093,266
	740,000		Delmarva Power & Light Co		4.150		05/15/45		707,940
	5,000,000	g	Electricite de France S.A.		3.625		10/13/25		4,890,440
	1,937,640	g	Harper Lake Solar Funding Corp		7.645		12/31/18		2,034,522
	1,000,000		Interstate Power & Light Co		3.250		12/01/24		1,005,874
	1,250,000		Interstate Power & Light Co		3.400		08/15/25		1,257,531
	500,000		NextEra Energy Capital Holdings, Inc		2.700		09/15/19		497,796
	1,000,000	g	Niagara Mohawk Power Corp		4.278		10/01/34		981,926
	250,000		Northeast Utilities		1.450		05/01/18		245,938
	1,000,000		Northern States Power Co		3.400		08/15/42		882,039
	3,270,000		NorthWestern Corp		4.176		11/15/44		3,214,858
	2,000,000	i	NSTAR Electric Co		0.604		05/17/16		1,997,336
	1,997,000		Piedmont Natural Gas Co, Inc		4.100		09/18/34		1,945,074
	1,000,000		Public Service Co of New Hampshire		3.500		11/01/23		1,025,064
	4,000,000	i	San Diego Gas & Electric Co		0.677		03/09/17		3,990,028
	928,572		San Diego Gas & Electric Co		1.914		02/01/22		912,383
	1,000,000		Sempra Energy		2.875		10/01/22		968,081
	3,000,000	g	Solar Star Funding LLC		3.950		06/30/35		2,961,873
	3,000,000	g	Solar Star Funding LLC		5.375		06/30/35		3,334,161
	1,000,000		Southern California Gas Co		3.150		09/15/24		996,587
	2,825,000		Southern Power Co		1.850		12/01/17		2,823,709
	2,875,000		Southern Power Co		4.150		12/01/25		2,871,561
	1,500,000	g	TerraForm Power Operating LLC		5.875		02/01/23		1,241,250
	2,907,066	g	Topaz Solar Farms LLC		4.875		09/30/39		3,003,142
	242,962	g	Topaz Solar Farms LLC		5.750		09/30/39		268,092
	1,000,000		WEC Energy Group, Inc		3.550		06/15/25		1,005,790
	1,000,000		WGL Holdings, Inc		2.250		11/01/19		994,200
			TOTAL UTILITIES						52,115,319
			TOTAL CORPORATE BONDS						216,535,325
			(Cost $220,479,733)
GOVERNMENT BONDS -  46.4%
AGENCY SECURITIES - 12.7%
	924,082		Ethiopian Leasing 2012 LLC		2.566		08/14/26		921,803
	808,112		Export Lease Ten Co LLC		1.650		05/07/25		779,794
	500,000		Federal Home Loan Mortgage Corp (FHLMC)		1.000		09/29/17		498,656
	3,000,000		Federal National Mortgage Association (FNMA)		1.625		01/21/20		2,994,540
	1,000,000		FNMA		2.625		09/06/24		1,011,243
	3,436,239	g	Genesis Solar 2011 Pass Through Trust		3.875		02/15/38		3,663,890
	225,000	j	Government Trust Certificate		0.000		04/01/21		198,045
	1,000,000		Hashemite Kingdom of Jordan Government AID Bond		2.503		10/30/20		1,025,333
	1,694,000		Hashemite Kingdom of Jordan Government AID Bond		2.578		06/30/22		1,713,511
	890,000	g	Hospital for Special Surgery		3.500		01/01/23		901,930
	937,500		Mexican Aircraft Finance V LLC		2.329		01/14/27		928,968
	1,665,000		NCUA Guaranteed Notes		2.350		06/12/17		1,701,863
	5,300,000		NCUA Guaranteed Notes		3.000		06/12/19		5,532,405
	2,635,000		NCUA Guaranteed Notes		3.450		06/12/21		2,857,236
	2,905,000		New York Society for the Relief of the Ruptured & Crippled		2.881		12/20/31		2,847,835
	1,000,000	j	Overseas Private Investment Corp (OPIC)		0.000		11/15/19		1,022,502

221

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	2,000,000		OPIC		2.740	%	09/15/29	$	1,939,804
	3,000,000		OPIC		3.220		09/15/29		3,023,406
	1,000,000		OPIC		3.280		09/15/29		1,012,493
	213,236		OPIC		3.540		06/15/30		224,642
	223,881		OPIC		3.370		12/15/30		232,914
	485,942		OPIC		3.820		12/20/32		513,032
	242,971		OPIC		3.938		12/20/32		257,140
	973,216		OPIC		3.330		05/15/33		984,614
	999,646		OPIC		3.160		06/01/33		991,883
	1,000,000		OPIC		2.940		07/31/33		978,152
	1,500,000		OPIC		3.250		07/31/33		1,493,655
	954,000		Private Export Funding Corp (PEFCO)		2.125		07/15/16		959,675
	2,000,000		PEFCO		2.300		09/15/20		2,012,906
	1,000,000		PEFCO		3.550		01/15/24		1,054,752
	3,000,000		PEFCO		2.450		07/15/24		2,902,464
	1,000,000		PEFCO		3.250		06/15/25		1,026,839
	500,000		Ukraine Government AID Bonds		1.844		05/16/19		498,690
	2,700,000		Ukraine Government AID Bonds		1.847		05/29/20		2,688,887
	1,415,000		United States Department of Housing and Urban Development (HUD)		0.830		08/01/16		1,413,319
	2,503,000		HUD		4.480		08/01/16		2,553,921
	3,871,000		HUD		0.930		08/01/17		3,856,623
	3,176,000		HUD		1.540		08/01/17		3,192,709
	500,000		HUD		5.300		08/01/17		513,605
	1,000,000		HUD		1.770		08/01/18		1,008,764
	200,000		HUD		3.120		08/01/18		209,001
	250,000		HUD		2.050		08/01/19		253,499
	850,000		HUD		3.300		08/01/19		897,648
	450,000		HUD		4.870		08/01/19		496,625
	1,451,000		HUD		1.980		08/01/20		1,451,033
	410,000		HUD		2.450		08/01/20		419,528
	150,000		HUD		3.430		08/01/20		159,784
	3,958,000		HUD		2.350		08/01/21		3,981,748
	1,161,000		HUD		2.450		08/01/22		1,169,297
	500,000		HUD		2.910		08/01/23		516,433
	1,300,000		HUD		5.380		08/01/27		1,443,999
	230,000		UNM Sandoval Regional Medical Center		4.500		07/20/36		236,948
	927,867		Zarapito Leasing LLC		2.628		11/12/26		932,876
			TOTAL AGENCY SECURITIES						76,102,862
FOREIGN GOVERNMENT BONDS - 9.1%
	3,000,000		African Development Bank		0.750		10/18/16		2,997,570
	1,000,000		African Development Bank		2.375		09/23/21		1,015,755
	2,000,000		Asian Development Bank		2.125		03/19/25		1,951,846
	3,000,000		Canada Government International Bond		1.125		03/19/18		2,991,192
	195,948	g	Carpintero Finance Ltd		2.004		09/18/24		192,899
	2,895,000		European Bank for Reconstruction & Development		1.625		04/10/18		2,904,420
	1,000,000		European Investment Bank		2.500		10/15/24		1,006,635
	3,000,000		Export Development Canada		0.875		01/30/17		2,996,838
	3,000,000		Export Development Canada		1.250		12/10/18		2,981,274
	1,000,000		Export Development Canada		1.625		12/03/19		996,644
	250,000		Export-Import Bank of Korea		1.750		02/27/18		247,505

222

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	3,850,000		Hydro Quebec		2.000	%	06/30/16	$	3,870,563
	250,000		Hydro Quebec		1.375		06/19/17		250,538
	5,000,000		Inter-American Development Bank		1.185		07/09/18		4,982,205
	1,000,000		Inter-American Development Bank		1.500		09/25/18		1,003,414
	525,000		International Bank for Reconstruction & Development		2.000		10/20/16		530,610
	500,000	g,i	International Finance Facility for Immunisation		0.803		07/05/16		500,025
	3,000,000		KFW		1.000		01/26/18		2,983,983
	1,000,000		KFW		1.750		10/15/19		1,001,850
	3,000,000		KFW		1.500		04/20/20		2,956,065
	3,000,000		KFW		1.875		11/30/20		2,986,488
	2,000,000	g	Kommunalbanken AS.		2.125		02/11/25		1,916,978
	1,285,000		Landwirtschaftliche Rentenbank		2.000		01/13/25		1,237,531
	4,600,000		North American Development Bank		2.300		10/10/18		4,632,614
	1,100,000		North American Development Bank		4.375		02/11/20		1,184,996
	3,000,000		North American Development Bank		2.400		10/26/22		2,968,023
	500,000		Province of Manitoba Canada		3.050		05/14/24		508,757
	250,000		Province of Ontario Canada		1.200		02/14/18		248,559
			TOTAL FOREIGN GOVERNMENT BONDS						54,045,777
MORTGAGE BACKED - 10.5%
	1,599,454		Federal Home Loan Mortgage Corp (FHLMC)		3.000		08/15/42		1,587,879
	733,985		FHLMC		3.000		09/15/42		731,753
	102,572	i	FHLMC		0.681		10/15/42		102,964
	4,421,857		Federal Home Loan Mortgage Corp (FHLMC)		3.500		10/01/45		4,566,694
	2,959,781		FGLMC		4.000		08/01/44		3,158,502
	490,592		FGLMC		3.500		04/01/45		506,934
	734,052		FGLMC		3.500		07/01/45		756,821
	262,062		Federal National Mortgage Association (FNMA)		3.500		11/01/25		276,310
	174,890		FNMA		3.500		08/01/26		183,464
	238,749		FNMA		3.000		07/01/30		246,113
	454,612		FNMA		3.500		07/01/30		476,652
	374,653		FNMA		3.500		08/01/30		392,823
	2,120,770		FNMA		3.000		10/01/30		2,186,407
	2,967,454		FNMA		2.500		11/01/30		2,993,708
	392,402		FNMA		5.000		10/01/33		434,005
	966,307		FNMA		3.000		06/01/35		985,290
	375,571		FNMA		5.500		01/01/38		423,298
	401,122		FNMA		5.500		11/01/38		466,572
	910,789		FNMA		4.500		08/01/39		999,060
	582,320		FNMA		4.500		10/01/39		640,362
	187,183		FNMA		4.500		03/01/40		202,565
	513,580		FNMA		4.500		04/01/40		563,464
	226,248		FNMA		5.500		04/01/40		254,893
	311,450		FNMA		5.500		07/01/40		350,914
	1,407,507		FNMA		5.000		09/01/40		1,551,978
	171,303		FNMA		6.000		10/01/40		193,621
	1,646,028		FNMA		5.000		04/01/41		1,850,219
	239,213		FNMA		4.500		11/01/41		258,664
	208,172		FNMA		4.500		02/01/42		225,131
	278,953		FNMA		4.500		06/01/42		301,711
	622,738	i	FNMA		0.922		08/25/42		627,149
	576,263	i	FNMA		0.822		11/25/42		574,382

223

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,232,607		FNMA		3.500	%	11/25/42	$	239,177
	4,251,077		FNMA		3.000		02/01/43		4,259,102
	377,995	i	FNMA		0.772		03/25/43		377,712
	441,305		FNMA		3.000		05/01/43		442,035
	838,298		FNMA		3.000		05/01/43		839,683
	838,520		FNMA		4.500		06/01/44		922,471
	180,729		FNMA		4.500		06/01/44		198,848
	389,449		FNMA		4.500		08/01/44		428,423
	761,887		FNMA		4.500		11/01/44		838,092
	1,939,084		FNMA		4.000		12/01/44		2,064,245
	972,790		FNMA		4.000		01/01/45		1,035,922
	477,120		FNMA		4.000		01/01/45		510,804
	977,965		FNMA		4.500		03/01/45		1,076,161
	508,522		FNMA		3.500		04/01/45		525,472
	4,322,038		FNMA		3.500		07/01/45		4,464,962
	2,967,746		FNMA		4.000		07/01/45		3,155,302
	997,590		FNMA		3.500		12/01/45		1,029,684
	888,472		Government National Mortgage Association (GNMA)		2.690		06/15/33		855,332
	147,622		GNMA		5.000		10/20/39		163,090
	144,029		GNMA		5.000		06/20/42		159,121
	1,575,302		GNMA		3.500		10/20/42		313,334
	932,936		GNMA		3.000		12/20/42		947,816
	810,017		GNMA		3.000		02/20/43		825,045
	851,240		GNMA		3.500		07/15/43		890,362
	432,952		GNMA		3.500		07/15/43		452,840
	905,488		GNMA		3.500		09/20/44		949,365
	493,767		GNMA		3.500		02/15/45		516,524
	228,603		GNMA		4.000		04/15/45		243,305
	470,842		GNMA		4.000		04/15/45		500,398
	381,458		GNMA		4.000		05/15/45		405,493
	1,297,133		GNMA		3.000		11/20/45		1,316,021
	997,859		GNMA		3.500		11/20/45		1,041,411
	250,000		GNMA		3.500		12/20/45		260,911
	700,000		GNMA		4.000		12/20/45		744,360
			TOTAL MORTGAGE BACKED						62,063,125
MUNICIPAL BONDS - 9.5%
	2,000,000		Brunswick & Glynn County Development Authority		3.060		04/01/25		1,978,900
	1,000,000		California Earthquake Authority		2.805		07/01/19		1,009,330
	2,000,000		California Housing Finance Agency		2.966		08/01/22		1,984,860
	250,000	g	California Pollution Control Financing Authority		5.000		07/01/27		261,227
	500,000	g	California Pollution Control Financing Authority		5.000		07/01/37		519,535
	500,000	g	California Pollution Control Financing Authority		5.000		11/21/45		515,310
	500,000		Chelan County Public Utility District No		3.603		07/01/21		525,770
	3,000,000		City of Austin TX Water & Wastewater System Revenue		2.133		11/15/19		2,991,150
	3,000,000		City of Chicago IL		7.750		01/01/42		3,035,970
	2,000,000		City of Cincinnati OH Water System Revenue		2.568		12/01/21		2,031,840
	250,000		City of Houston TX Utility System Revenue		2.563		05/15/20		256,015
	250,000		City of Houston TX Utility System Revenue		2.923		05/15/21		258,195
	355,000		Commonwealth Financing Authority		2.675		06/01/21		349,586
	500,000		Commonwealth of Massachusetts		5.000		08/01/33		586,450
	1,085,000		District of Columbia Water & Sewer Authority		4.814		10/01/14		1,074,334

224

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	2,250,000		Florida Department of Environmental Protection		5.456	%	07/01/19	$	2,494,552
	500,000	j	Garden State Preservation Trust		0.000		11/01/22		430,115
	295,000		Guadalupe-Blanco River Authority Industrial Development Corp		1.909		04/15/18		296,956
	1,790,000		Honolulu City & County Board of Water Supply		3.760		07/01/30		1,775,358
	1,000,000		Lavaca-Navidad River Authority		4.430		08/01/35		968,690
	500,000		Michigan Finance Authority		5.000		07/01/22		577,650
	2,115,000		New York State Environmental Facilities Corp		3.420		07/15/26		2,139,048
	500,000		New York State Environmental Facilities Corp		5.807		06/15/39		616,990
	250,000	g	Niagara Area Development Corp		4.000		11/01/24		251,977
	1,185,000		Ohio State Water Development Authority		4.879		12/01/34		1,331,430
	3,000,000	i	Ohio State Water Development Authority		0.381		05/01/38		3,000,030
	250,000		Oklahoma Water Resources Board		3.071		04/01/22		258,188
	250,000		Pend Oreille County Public Utility District No  Box Canyon		1.987		01/01/16		250,000
	205,000		Pend Oreille County Public Utility District No  Box Canyon		2.417		01/01/17		207,282
	2,225,000		Pend Oreille County Public Utility District No  Box Canyon		5.000		01/01/30		2,266,096
	2,000,000		South Dakota Conservancy District		1.898		08/01/19		2,014,420
	1,000,000		South Dakota Conservancy District		1.920		08/01/19		1,000,270
	1,000,000		State of California		1.800		04/01/20		990,580
	1,000,000		State of California		3.750		10/01/37		1,033,870
	500,000		State of Michigan		3.590		12/01/26		509,455
	1,000,000		State of Texas		3.576		08/01/34		947,810
	1,000,000		State of Texas		3.726		08/01/43		956,800
	3,000,000		Suffolk County Water Authority		4.000		06/01/39		3,183,450
	500,000		Texas Public Finance Authority		5.250		07/01/17		497,390
	3,000,000		Texas Water Development Board		4.648		04/15/50		2,939,220
	500,000		University of California		2.676		05/15/21		504,110
	500,000	i	University of California		0.744		07/01/41		499,850
	1,230,000		University of Cincinnati		3.500		06/01/32		1,256,445
	2,000,000		University of New Mexico		3.532		06/20/32		1,923,880
	2,000,000		University of Virginia		3.570		04/01/45		2,053,860
	655,000		Washington County Clean Water Services		4.828		10/01/22		740,176
	530,000		Washington County Clean Water Services		5.078		10/01/24		617,477
	250,000		West Virginia Water Development Authority		5.000		11/01/21		295,218
			TOTAL MUNICIPAL BONDS						56,207,115
U.S. TREASURY SECURITIES - 4.6%
	11,150,000		United States Treasury Bond		2.875		08/15/45		10,808,096
	500,000		United States Treasury Note		0.625		08/31/17		496,816
	380,000		United States Treasury Note		0.875		11/30/17		378,937
	170,000		United States Treasury Note		1.250		12/15/18		169,664
	6,230,000		United States Treasury Note		1.625		11/30/20		6,194,695
	2,050,000		United States Treasury Note		2.000		11/30/22		2,038,811
	7,095,000		United States Treasury Note		2.250		11/15/25		7,079,121
			TOTAL U.S. TREASURY SECURITIES						27,166,140
			TOTAL GOVERNMENT BONDS						275,585,019
			(Cost $275,961,939)

225

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
STRUCTURED ASSETS - 14.1%
ASSET BACKED - 3.5%
$	366,891	i	ACE Securities Corp Home Equity Loan Trust		1.157	%	08/25/35	$	362,117
			Series - 2005 HE5 (Class M2)
	100,000		AmeriCredit Automobile Receivables Trust		1.570		01/08/19		99,924
			Series - 2013 1 (Class C)
	150,000		AmeriCredit Automobile Receivables Trust		3.340		08/08/21		148,443
			Series - 2015 3 (Class D)
	373,779	i	Asset Backed Securities Corp Home Equity Loan Trust		0.635		07/25/35		372,498
			Series - 2005 HE7 (Class M2)
	1,000,000	g	Avis Budget Rental Car Funding AESOP LLC		3.680		11/20/17		1,003,578
			Series - 2011 3A (Class C)
	1,000,000	g	Avis Budget Rental Car Funding AESOP LLC		3.780		02/20/18		1,006,018
			Series - 2011 5A (Class C)
	925,000	i	Basic Asset Backed Securities Trust		0.732		04/25/36		824,985
			Series - 2006 1 (Class A3)
	1,000,000	g	Capital Automotive REIT		3.660		10/15/44		1,004,830
			Series - 2014 1A (Class A)
	862,051	g,i	CBRE Realty Finance CDO		0.623		04/07/52		331,890
			Series - 2007 1A (Class A2)
	937,894	i	Connecticut Avenue Securities		1.922		02/25/25		939,419
			Series - 2015 C01 (Class 1M1)
	992,500	g	DB Master Finance LLC		3.262		02/20/45		982,073
			Series - 2015 1A (Class A2I)
	1,000,000	g	Domino’s Pizza Master Issuer LLC		3.484		10/25/45		980,000
			Series - 2015 1A (Class A2I)
	1,000,000	g	Domino’s Pizza Master Issuer LLC		4.474		10/25/45		986,410
			Series - 2015 1A (Class A2II)
	2,770,538	g	HERO Funding Trust		3.840		09/21/40		2,774,838
			Series - 2015 1A (Class A)
	891,669	g	HERO Funding Trust		3.990		09/21/40		888,862
			Series - 2014 2A (Class A)
	500,000	g	Hertz Vehicle Financing LLC		6.440		02/25/19		522,798
			Series - 2010 1A (Class B3)
	105,115	i	Lehman XS Trust		0.672		02/25/36		100,444
			Series - 2006 1 (Class 1A1)
	193,718	g	Orange Lake Timeshare Trust		3.030		07/09/29		191,798
			Series - 2014 AA (Class B)
	109,600	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		1.202		01/25/36		108,898
			Series - 2005 WCH1 (Class M2)
	185,436	g	SolarCity LMC		4.800		11/20/38		195,945
			Series - 2013 1 (Class A)
	458,966	g	SolarCity LMC		4.590		04/20/44		451,531
			Series - 2014 1 (Class A)
	961,322	g	SolarCity LMC		4.020		07/20/44		913,640
			Series - 2014 2 (Class A)
	748,575	g	SpringCastle America Funding LLC		2.700		05/25/23		746,893
			Series - 2014 AA (Class A)
	892,915	i	Structured Asset Securities Corp Mortgage Loan Trust		1.744		04/25/35		848,435
			Series - 2005 7XS (Class 2A1A)
	2,000,000		Toyota Auto Receivables Owner Trust		1.270		05/15/19		1,991,272
			Series - 2015 B (Class A3)

226

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	2,000,000		Toyota Auto Receivables Owner Trust Series - 2015 B (Class A4)		1.740	%	09/15/20	$	2,000,822
			TOTAL ASSET BACKED						20,778,361
OTHER MORTGAGE BACKED - 10.6%
	124,893	g	7 WTC Depositor LLC Trust		4.082		03/13/31		127,189
			Series - 2012 7WTC (Class A)
	200,000	i	Banc of America Commercial Mortgage Trust		5.869		05/10/45		195,148
			Series - 2006 2 (Class C)
	1,977,000		Banc of America Commercial Mortgage Trust		5.480		10/10/45		1,939,345
			Series - 2006 6 (Class B)
	500,000	i	Banc of America Commercial Mortgage Trust		5.482		01/15/49		511,988
			Series - 2007 1 (Class AMFX)
	1,000,000	i	Banc of America Commercial Mortgage Trust		5.809		02/10/51		1,013,589
			Series - 2007 4 (Class AJ)
	750,000	g,i	Banc of America Commercial Mortgage Trust		5.821		02/10/51		683,093
			Series - 2007 4 (Class E)
	2,000,000	i	Banc of America Commercial Mortgage Trust		5.971		02/10/51		1,997,275
			Series - 2007 5 (Class AJ)
	3,000,000	g	BBCMS Trust		3.593		09/15/32		3,080,131
			Series - 2015 MSQ (Class A)
	2,500,000	g,i	BBCMS Trust		3.894		09/15/32		2,574,226
			Series - 2015 MSQ (Class B)
	1,120,000	i	Bear Stearns Commercial Mortgage Securities		5.920		09/11/42		1,181,972
			Series - 2007 T28 (Class AJ)
	1,000,000	i	Bear Stearns Commercial Mortgage Securities		5.878		06/11/50		990,419
			Series - 2007 PW17 (Class AJ)
	500,000	i	Citigroup Commercial Mortgage Trust		5.975		03/15/49		502,498
			Series - 2006 C4 (Class AJ)
	65,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		68,229
			Series - 2007 C3 (Class AM)
	1,500,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		1,510,109
			Series - 2007 C3 (Class AJ)
	130,056	i	Commercial Mortgage Trust		5.238		04/10/37		129,943
			Series - 2005 GG5 (Class AJ)
	2,000,000	i	Commercial Mortgage Trust		5.867		12/10/49		2,077,521
			Series - 2007 GG11 (Class AM)
	1,510,000	i	Commercial Mortgage Trust		6.147		12/10/49		1,483,146
			Series - 2007 GG11 (Class B)
	331,491	i	Countrywide Home Loan Mortgage Pass Through Trust		2.640		11/20/34		317,284
			Series - 2004 HYB6 (Class A2)
	500,000	g,i	Credit Suisse Commercial Mortgage Trust		5.415		02/25/21		505,240
			Series - 2006 K1A (Class H)
	670,000	i	Credit Suisse Commercial Mortgage Trust		5.903		09/15/39		675,705
			Series - 2007 C4 (Class A1AJ)
	2,500,000	i	Credit Suisse Commercial Mortgage Trust		5.949		09/15/39		2,525,403
			Series - 2007 C4 (Class AJ)
	1,250,000	i	Credit Suisse Commercial Mortgage Trust		5.625		01/15/49		1,209,914
			Series - 2007 C2 (Class AJ)
	500,000	i	GS Mortgage Securities Trust		5.553		04/10/38		500,365
			Series - 2006 GG6 (Class B)
	53,794	i	Impac CMB Trust		1.082		03/25/35		49,850
			Series - 2004 11 (Class 2A1)

227

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000	i	LB-UBS Commercial Mortgage Trust		6.049	%	06/15/38	$	1,015,496
			Series - 2006 C4 (Class B)
	500,000	i	LB-UBS Commercial Mortgage Trust		5.737		03/15/39		499,424
			Series - 2006 C3 (Class C)
	710,000	i	LB-UBS Commercial Mortgage Trust		5.563		02/15/40		695,331
			Series - 2007 C1 (Class D)
	1,814,619	g,i	LVII Resecuritization Trust		3.033		07/31/47		1,814,619
			Series - 2015 A (Class A)
	1,000,000	i	ML-CFC Commercial Mortgage Trust		5.526		03/12/51		1,021,051
			Series - 2007 6 (Class AM)
	1,500,000	i	Morgan Stanley Capital I Trust		5.861		04/12/49		1,493,999
			Series - 2007 HQ12 (Class C)
	1,000,000	i	Morgan Stanley Capital I Trust		5.907		06/11/49		995,956
			Series - 2007 IQ15 (Class AJ)
	2,000,000	i	Morgan Stanley Capital I Trust		5.907		06/11/49		2,094,458
			Series - 2007 IQ15 (Class AM)
	2,000,000	i	Morgan Stanley Capital I Trust		6.097		12/12/49		1,906,931
			Series - 2007 IQ16 (Class AJFX)
	1,000,000	i	Morgan Stanley Capital I Trust		6.319		12/12/49		948,649
			Series - 2007 IQ16 (Class AJA)
	3,000,000	g	Morgan Stanley Capital I Trust 2014-CPT		3.350		07/13/29		3,058,314
			Series - 2014 CPT (Class A)
	1,090,000	g,i	Morgan Stanley Capital I Trust 2014-CPT		3.446		07/13/29		1,107,566
			Series - 2014 CPT (Class B)
	3,000,000	g	OBP Depositor LLC Trust		4.646		07/15/45		3,232,490
			Series - 2010 OBP (Class A)
	496,154	i	Structured Agency Credit Risk Debt Note (STACR)		1.672		01/25/25		496,564
			Series - 2015 DN1 (Class M1)
	625,000	i	Structured Agency Credit Risk Debt Note (STACR)		2.822		01/25/25		634,563
			Series - 2015 DN1 (Class M2)
	1,000,000	i	Structured Agency Credit Risk Debt Note (STACR)		2.622		03/25/25		997,117
			Series - 2015 HQ1 (Class M2)
	250,000	i	Structured Agency Credit Risk Debt Note (STACR)		4.222		03/25/25		241,011
			Series - 2015 HQ1 (Class M3)
	1,000,000	g,i	Wachovia Bank Commercial Mortgage Trust		0.551		12/15/43		957,479
			Series - 2007 C30 (Class AMFL)
	1,000,000	i	Wachovia Bank Commercial Mortgage Trust		5.625		01/15/45		997,949
			Series - 2006 C23 (Class F)
	1,750,000	i	Wachovia Bank Commercial Mortgage Trust		5.825		07/15/45		1,747,572
			Series - 2006 C27 (Class AJ)
	70,000	i	Wachovia Bank Commercial Mortgage Trust		5.818		05/15/46		73,514
			Series - 2007 C34 (Class AM)
	750,000	i	Wachovia Bank Commercial Mortgage Trust		5.947		05/15/46		756,332
			Series - 2007 C34 (Class AJ)
	2,000,000	i	Wachovia Bank Commercial Mortgage Trust		6.219		05/15/46		1,918,134
			Series - 2007 C34 (Class C)
	2,250,000	i	Wachovia Bank Commercial Mortgage Trust		5.660		04/15/47		2,247,799
			Series - 2007 C31 (Class AJ)
	500,000	i	Wachovia Bank Commercial Mortgage Trust		5.680		04/15/47		484,962
			Series - 2007 C31 (Class C)
	1,000,000	g	Wachovia Bank Commercial Mortgage Trust		5.703		06/15/49		1,041,849
			Series - 2007 C32 (Class AMFX)

228

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	2,665,000	g,i	Wachovia Bank Commercial Mortgage Trust		5.715	%	06/15/49	$	572,975
			Series - 2007 C32 (Class J)
	2,010,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		2,009,255
			Series - 2007 C32 (Class AJ)
	1,000,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		923,697
			Series - 2007 C32 (Class B)
	40,000	i	Wachovia Bank Commercial Mortgage Trust		5.953		02/15/51		42,016
			Series - 2007 C33 (Class AM)
	961,995	i	WaMu Mortgage Pass-Through Certificates Series - 2005 AR13 (Class A1B2)		0.852		10/25/45		838,376
			TOTAL OTHER MORTGAGE BACKED						62,715,030
			TOTAL STRUCTURED ASSETS						83,493,391
			(Cost $84,696,603)
			TOTAL BONDS						575,613,735
			(Cost $581,138,275)
SHARES			COMPANY
PREFERRED STOCKS - 0.1%
BANKS - 0.1%
	250		M&T Bank Corp		6.375		12/30/49		266,750
			TOTAL BANKS						266,750
			TOTAL PREFERRED STOCKS						266,750
			(Cost $255,625)
			TOTAL INVESTMENTS - 98.3%						580,726,256
			(Cost $586,458,651)
			OTHER ASSETS & LIABILITIES, NET - 1.7%						10,133,513
			NET ASSETS - 100.0%					$	590,859,769

	Abbreviation(s):
CDO	Collateralized Debt Obligation
REIT	Real Estate Investment Trust
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 12/31/2015, the aggregate value of these securities was $99,252,546 or 16.8% of net assets.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
j	Zero coupon

229

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

TIAA-CREF FUNDS

TAX-EXEMPT BOND FUND

SCHEDULE OF INVESTMENTS (unaudited)

December 31, 2015

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
LONG-TERM MUNICIPAL BONDS - 97.7%
ARIZONA - 0.9%
$	200,000		City of Phoenix Civic Improvement Corp		5.000	%	07/01/24	$	243,826
	200,000		City of Phoenix Civic Improvement Corp		5.000		07/01/25		245,022
	2,000,000		City of Tucson AZ, GO		5.000		07/01/20		2,325,260
			TOTAL ARIZONA						2,814,108
CALIFORNIA - 13.6%
	560,000		California Health Facilities Financing Authority		5.000		11/15/33		666,008
	1,700,000		California State Public Works Board		5.000		11/01/38		1,962,242
	1,000,000		California Statewide Communities Development Authority		5.000		08/15/35		1,174,200
	4,000,000		California Statewide Communities Development Authority		5.000		04/01/42		4,492,880
	5,000,000		Chino Basin Regional Financing Authority		5.000		11/01/38		5,300,750
	1,965,000	i	City of Riverside CA Water Revenue		0.050		10/01/35		1,965,020
	2,000,000		County of San Bernardino CA, COP		5.250		08/01/19		2,256,720
	2,480,000		Los Angeles Department of Water & Power		5.000		07/01/44		2,861,226
	1,000,000		Oakland Unified School District		5.000		08/01/35		1,140,270
	500,000		Oakland Unified School District		5.000		08/01/40		560,100
	5,000,000		State of California		5.000		08/01/24		6,224,850
	2,000,000		State of California, GO		5.000		02/01/22		2,405,920
	2,000,000		State of California, GO		5.000		04/01/22		2,412,560
	2,830,000		State of California, GO		5.000		11/01/32		3,038,882
	5,000,000		State of California, GO		5.000		06/01/37		5,269,950
	1,000,000		State of California, GO		5.000		11/01/37		1,069,860
	1,915,000		Union City Community Redevelopment Agency		5.000		10/01/28		2,317,169
	1,710,000		West Contra Costa Unified School District, GO		5.700		02/01/21		2,070,468
			TOTAL CALIFORNIA						47,189,075
COLORADO - 1.0%
	2,155,000		Colorado Health Facilities Authority		5.000		01/01/32		2,391,899
	1,000,000		Denver Urban Renewal Authority		5.000		12/01/24		1,216,220
			TOTAL COLORADO						3,608,119
CONNECTICUT - 0.5%
	1,400,000		Connecticut State Health & Educational Facility Authority		5.000		07/01/22		1,632,974
			TOTAL CONNECTICUT						1,632,974
FLORIDA - 4.4%
	1,695,000		City of Miami Beach FL		5.000		09/01/24		2,065,544
	5,000,000		City of Miami Beach FL		5.000		09/01/45		5,671,000
	1,000,000		County of Orange FL		5.000		10/01/21		1,177,210
	1,225,000		JEA Electric System Revenue		5.000		10/01/21		1,451,637

230

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	1,250,000	Miami Beach Redevelopment Agency		5.000	%	02/01/24	$	1,520,875
	2,000,000	Miami Beach Redevelopment Agency		5.000		02/01/44		2,236,100
	1,425,000	Orange County Health Facilities Authority		5.375		10/01/41		1,549,203
		TOTAL FLORIDA						15,671,569
GEORGIA - 2.9%
	1,000,000	City of Atlanta Department of Aviation		5.000		01/01/24		1,218,760
	1,130,000	Private Colleges & Universities Authority		5.000		04/01/17		1,179,223
	1,735,000	Private Colleges & Universities Authority		5.000		04/01/21		1,972,122
	5,000,000	Private Colleges & Universities Authority		5.000		04/01/44		5,453,850
		TOTAL GEORGIA						9,823,955
HAWAII - 1.2%
	2,500,000	State of Hawaii		5.000		10/01/24		3,109,675
	1,000,000	State of Hawaii Airports System Revenue		5.000		07/01/41		1,114,210
		TOTAL HAWAII						4,223,885
ILLINOIS - 5.5%
	1,000,000	Chicago Public Building Commission		5.250		03/01/24		1,088,360
	2,085,000	Chicago State University		5.500		12/01/23		2,304,613
	1,220,000	Chicago Transit Authority		5.250		12/01/24		1,367,449
	1,000,000	City of Chicago IL Motor Fuel Tax Revenue		5.000		01/01/24		1,072,730
	1,000,000	City of Chicago IL Motor Fuel Tax Revenue		5.000		01/01/29		1,037,980
	1,500,000	City of Chicago IL Wastewater Transmission Revenue		5.000		01/01/22		1,686,870
	1,000,000	City of Chicago IL Wastewater Transmission Revenue		5.000		01/01/23		1,133,960
	1,500,000	City of Chicago IL, GO		5.500		01/01/35		1,579,260
	650,000	City of Chicago IL, GO		5.500		01/01/37		679,029
	500,000	City of Chicago IL, GO		5.500		01/01/42		519,380
	1,000,000	City of Springfield IL Electric Revenue		5.000		03/01/34		1,143,510
	1,000,000	Illinois State Toll Highway Authority		5.000		01/01/24		1,208,110
	1,500,000	State of Illinois, GO		5.000		06/15/19		1,681,350
	2,045,000	State of Illinois, GO		5.000		01/01/20		2,048,824
	635,000	State of Illinois, GO		6.250		12/15/20		697,757
		TOTAL ILLINOIS						19,249,182
INDIANA - 1.4%
	2,120,000	Indiana Bond Bank		5.250		04/01/19		2,373,722
	1,940,000	Indianapolis Local Public Improvement Bond Bank		5.500		01/01/21		2,266,715
		TOTAL INDIANA						4,640,437
KANSAS - 0.3%
	1,000,000	Wyandotte County-Kansas City Unified Government Utility System Revenue		5.000		09/01/22		1,190,780
		TOTAL KANSAS						1,190,780
LOUISIANA - 2.5%
	1,000,000	Louisiana Public Facilities Authority		5.250		10/01/24		1,171,720

231

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	7,675,000	Parish of St. John the Baptist LA		5.125	%	06/01/37	$	7,776,694
		TOTAL LOUISIANA						8,948,414
MARYLAND - 2.5%
	4,000,000	County of Montgomery MD, GO		5.000		07/01/21		4,767,200
	3,000,000	State of Maryland		5.000		08/01/23		3,709,950
		TOTAL MARYLAND						8,477,150
MASSACHUSETTS - 2.3%
	1,040,000	Massachusetts Department of Transportation		5.000		01/01/32		1,167,452
	1,000,000	Massachusetts Development Finance Agency		5.000		04/15/25		1,123,780
	1,000,000	Massachusetts Development Finance Agency		5.000		08/15/28		1,134,250
	2,255,000	Massachusetts Development Finance Agency		5.000		10/01/35		2,487,017
	10,000	Massachusetts School Building Authority		5.000		08/15/37		10,579
	2,315,000	Massachusetts School Building Authority		5.000		08/15/37		2,468,901
		TOTAL MASSACHUSETTS						8,391,979
MICHIGAN - 3.7%
	5,150,000	Bridgeport-Spaulding Community School District		3.000		06/22/16		5,173,278
	1,500,000	Michigan Finance Authority		5.000		07/01/22		1,752,570
	1,100,000	Michigan Finance Authority		5.000		07/01/35		1,231,263
	2,000,000	Michigan Finance Authority, GO		5.000		05/01/18		2,167,540
	1,000,000	Michigan Finance Authority, GO		5.000		05/01/20		1,139,990
	1,000,000	Michigan Finance Authority, GO		5.000		10/01/22		1,216,990
		TOTAL MICHIGAN						12,681,631
MINNESOTA - 2.3%
	1,000,000	Minnesota Public Facilities Authority		5.000		03/01/16		1,007,550
	3,000,000	State of Minnesota		5.000		08/01/23		3,702,750
	1,715,000	University of Minnesota		5.000		08/01/21		2,026,513
	1,000,000	Western Minnesota Municipal Power Agency		5.000		01/01/22		1,194,610
		TOTAL MINNESOTA						7,931,423
MISSISSIPPI - 2.1%
	750,000	Mississippi Development Bank		5.000		04/01/23		890,850
	1,500,000	Mississippi Development Bank		5.000		03/01/24		1,760,490
	750,000	Mississippi Development Bank		5.000		04/01/24		897,390
	1,250,000	Mississippi Development Bank		5.000		03/01/25		1,475,063
	1,045,000	Mississippi Development Bank		5.000		03/01/26		1,237,771
	1,000,000	Mississippi Development Bank		5.000		03/01/35		1,130,850
		TOTAL MISSISSIPPI						7,392,414
MISSOURI - 3.7%
	1,000,000	City of St. Louis MO Parking Revenue		5.000		12/15/24		1,205,420
	1,000,000	City of St. Louis MO Parking Revenue		5.000		12/15/25		1,214,920
	1,000,000	City of St. Louis MO Parking Revenue		5.000		12/15/26		1,204,190
	3,500,000	Health & Educational Facilities Authority of the State of Missouri		5.000		02/01/35		3,692,325
	2,500,000	Missouri Joint Municipal Electric Utility Commission		5.000		12/01/34		2,873,800

232

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	2,500,000	Missouri Joint Municipal Electric Utility Commission		5.000	%	12/01/35	$	2,862,850
		TOTAL MISSOURI						13,053,505
NEBRASKA - 1.2%
	1,000,000	Central Plains Energy Project		5.000		09/01/22		1,158,290
	2,522,000	Omaha Public Power District		5.000		02/01/39		2,640,660
	478,000	Omaha Public Power District		5.000		02/01/39		500,227
		TOTAL NEBRASKA						4,299,177
NEW YORK - 17.9%
	4,000,000	Board of Cooperative Educational Services for the Sole Supervisory District, GO		1.000		06/17/16		4,002,640
	1,600,000	City of Ogdensburg NY		1.500		07/29/16		1,598,912
	3,379,000	City of Ogdensburg NY, GO		1.250		04/29/16		3,384,981
	1,225,000	Hornell City School District, GO		1.500		06/24/16		1,229,287
	1,000,000	Metropolitan Transportation Authority		5.000		11/15/20		1,169,520
	5,000,000	New York City Water & Sewer System		5.250		06/15/40		5,646,350
	5,000,000	New York City Water & Sewer System		5.000		06/15/46		5,666,000
	2,500,000	New York City Water & Sewer System		5.000		06/15/46		2,877,350
	1,000,000	New York State Dormitory Authority		5.000		07/01/16		1,022,510
	2,250,000	New York State Dormitory Authority		5.000		10/01/17		2,409,345
	5,000,000	New York State Dormitory Authority		5.000		03/15/41		5,696,350
	2,000,000	New York State Urban Development Corp		5.000		03/15/20		2,297,360
	2,500,000	Salmon River Central School District		2.000		07/22/16		2,513,700
	2,895,000	Scio Central School District, GO		1.250		04/08/16		2,898,792
	2,548,981	Town of East Bloomfield NY, GO		1.250		05/12/16		2,552,346
	1,065,791	Town of Elba NY, GO		1.250		03/22/16		1,066,580
	2,220,000	Town of Evans NY, GO		1.125		06/10/16		2,216,026
	1,616,000	Town of Varick NY		1.375		01/07/16		1,616,081
	2,395,000	Town of Windham NY, GO		1.125		06/03/16		2,396,461
	1,385,000	Troy Capital Resource Corp		5.000		08/01/24		1,660,033
	5,000,000	Utica School District		2.000		07/22/16		5,015,500
	750,000	Utility Debt Securitization Authority		5.000		06/15/24		905,483
	2,530,000	Village of Brocton NY		1.625		07/20/16		2,536,123
		TOTAL NEW YORK						62,377,730
NORTH CAROLINA - 1.8%
	1,500,000	North Carolina Agricultural & Technical State University		5.000		10/01/40		1,714,815
	900,000	North Carolina Medical Care Commission		5.000		10/01/18		959,850
	2,000,000	North Carolina Medical Care Commission		5.000		06/01/34		2,203,680
	1,180,000	North Carolina Medical Care Commission		5.000		10/01/35		1,231,684
		TOTAL NORTH CAROLINA						6,110,029
OHIO - 3.0%
	115,000	American Municipal Power, Inc		5.250		02/15/33		123,542
	1,885,000	American Municipal Power, Inc		5.250		02/15/33		2,057,515
	3,000,000	City of Marion OH		2.000		09/08/16		3,008,250
	1,000,000	Cleveland-Cuyahoga County Port Authority		5.000		08/01/44		1,061,630
	1,000,000	Ohio Air Quality Development Authority		5.625		06/01/18		1,053,250

233

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	1,660,000	State of Ohio, GO		5.000	%	01/15/21	$	1,917,566
	1,000,000	State of Ohio, GO		5.000		08/01/21		1,191,040
		TOTAL OHIO						10,412,793
OKLAHOMA - 0.4%
	1,220,000	Oklahoma Development Finance Authority		5.000		08/15/24		1,480,141
		TOTAL OKLAHOMA						1,480,141
PENNSYLVANIA - 2.5%
	500,000	Montgomery County Industrial Development Authority		3.000		01/01/16		500,000
	795,000	Montgomery County Industrial Development Authority		3.000		01/01/18		798,657
	2,000,000	Pennsylvania Economic Development Financing Authority		5.000		12/31/25		2,301,940
	2,500,000	Pennsylvania State University		5.000		03/01/40		2,777,350
	2,000,000	Philadelphia Gas Works Co		5.000		08/01/25		2,400,540
		TOTAL PENNSYLVANIA						8,778,487
RHODE ISLAND - 2.0%
	2,000,000	Rhode Island Health & Educational Building Corp		5.000		09/01/21		2,381,580
	1,900,000	Rhode Island Health & Educational Building Corp		5.000		09/01/39		2,096,954
	2,000,000	State of Rhode Island, GO		5.000		08/01/21		2,359,760
		TOTAL RHODE ISLAND						6,838,294
SOUTH CAROLINA - 1.3%
	1,120,000	Scago Educational Facilities Corp for Colleton School District		5.000		12/01/16		1,164,296
	3,000,000	South Carolina State Public Service Authority		5.250		12/01/55		3,382,500
		TOTAL SOUTH CAROLINA						4,546,796
SOUTH DAKOTA - 0.6%
	390,000	South Dakota Health & Educational Facilities Authority		5.000		11/01/22		460,142
	415,000	South Dakota Health & Educational Facilities Authority		5.000		11/01/23		494,103
	500,000	South Dakota Health & Educational Facilities Authority		5.000		11/01/24		601,880
	465,000	South Dakota Health & Educational Facilities Authority		5.000		11/01/25		556,252
		TOTAL SOUTH DAKOTA						2,112,377
TENNESSEE - 3.0%
	1,145,000	Rutherford County Health & Educational Facilities Board		5.000		11/15/40		1,271,465
	2,855,000	Sullivan County Health Educational & Housing Facilities Board		5.250		09/01/26		2,928,402
	6,000,000	Sullivan County Health Educational & Housing Facilities Board		5.250		09/01/36		6,141,540
		TOTAL TENNESSEE						10,341,407
TEXAS - 7.0%
	1,000,000	Central Texas Regional Mobility Authority		5.000		01/01/35		1,129,670
	2,000,000	Central Texas Regional Mobility Authority		5.000		01/01/40		2,231,820
	1,000,000	Central Texas Regional Mobility Authority		5.000		01/01/45		1,110,810
	1,165,000	City of Frisco TX, GO		5.500		02/15/25		1,279,752
	1,220,000	Dallas Area Rapid Transit		5.000		12/01/37		1,398,083
	3,000,000	State of Texas		5.000		10/01/23		3,695,160

234

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	455,000		Tarrant County Cultural Education Facilities Finance Corp		4.000	%	11/15/18	$	475,757
	1,750,000		Tarrant County Cultural Education Facilities Finance Corp		5.000		11/15/35		1,811,898
	1,000,000		Tarrant County Cultural Education Facilities Finance Corp		5.000		11/15/36		1,031,360
	1,400,000		Texas Municipal Gas Acquisition & Supply Corp III		5.000		12/15/22		1,633,408
	1,545,000		Texas Municipal Gas Acquisition & Supply Corp III		5.000		12/15/32		1,675,800
	5,000,000		Texas Transportation Commission State Highway Fund		5.000		10/01/23		6,158,600
			TOTAL TEXAS						23,632,118
VIRGIN ISLANDS - 1.5%
	2,000,000	g	Virgin Islands Public Finance Authority		5.000		09/01/25		2,368,560
	2,500,000	g	Virgin Islands Public Finance Authority		5.000		09/01/33		2,820,450
			TOTAL VIRGIN ISLANDS						5,189,010
VIRGINIA - 0.2%
	200,000		Alexandria Industrial Development Authority		2.000		10/01/16		201,388
	250,000		Alexandria Industrial Development Authority		3.000		10/01/17		256,747
			TOTAL VIRGINIA						458,135
WASHINGTON - 4.0%
	1,955,000		Energy Northwest		5.000		07/01/23		2,339,861
	3,150,000		Port of Seattle WA		5.500		09/01/17		3,382,816
	2,000,000		Skagit County Public Hospital District No		5.625		12/01/25		2,143,600
	2,150,000		State of Washington		5.000		08/01/38		2,466,329
	3,000,000		State of Washington, GO		5.250		02/01/22		3,642,540
			TOTAL WASHINGTON						13,975,146
WEST VIRGINIA - 0.5%
	1,500,000		City of Princeton WV		5.000		05/01/21		1,698,435
			TOTAL WEST VIRGINIA						1,698,435
			TOTAL LONG-TERM MUNICIPAL BONDS						339,170,675
			(Cost $331,352,716)
			TOTAL INVESTMENTS - 97.7%						339,170,675
			(Cost $331,352,716)
			OTHER ASSETS & LIABILITIES, NET - 2.3%						8,037,391
			NET ASSETS - 100.0%					$	347,208,066

	Abbreviation(s):
COP	Certificate of Participation
GO	General Obligation

g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 12/31/2015, the aggregate value of these securities was $5,189,010 or 1.5% of net assets.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.

235

TIAA-CREF FUNDS - Money Market Fund

TIAA-CREF FUNDS

MONEY MARKET FUND

SCHEDULE OF INVESTMENTS (unaudited)

December 31, 2015

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 100.0%
CERTIFICATE OF DEPOSIT - 4.0%
$	5,000,000		Banco Del Estado De Chile		0.260	%	01/08/16	$	5,000,000
	5,000,000		Banco Del Estado De Chile		0.350		02/17/16		5,000,000
	3,000,000		Banco Del Estado De Chile		0.530		03/11/16		3,000,000
	5,000,000		Banco Del Estado De Chile		0.600		03/21/16		5,000,000
	4,000,000		Toronto-Dominion Bank		0.300		01/04/16		4,000,000
	2,000,000		Toronto-Dominion Bank		0.300		02/12/16		2,000,000
	7,000,000		Toronto-Dominion Bank		0.430		03/07/16		7,000,000
			TOTAL CERTIFICATE OF DEPOSIT						31,000,000
COMMERCIAL PAPER - 30.9%
	5,000,000		American Honda Finance Corp		0.210		01/07/16		4,999,825
	1,000,000	y	Apple, Inc		0.160		01/04/16		999,987
	5,000,000	y	Apple, Inc		0.150 - 0.160		01/05/16		4,999,913
	1,000,000	y	Apple, Inc		0.150		01/11/16		999,958
	3,000,000	y	Apple, Inc		0.160		01/13/16		2,999,840
	3,000,000	y	Apple, Inc		0.155		01/19/16		2,999,767
	5,000,000	y	Apple, Inc		0.150		01/22/16		4,999,563
	3,000,000	y	Apple, Inc		0.390		02/22/16		2,998,310
	2,000,000	y	Australia & New Zealand Banking Group Ltd		0.285		02/12/16		1,999,335
	6,860,000		Australia & New Zealand Banking Group Ltd		0.640		03/23/16		6,850,000
	5,200,000	y	Australia & New Zealand Banking Group Ltd		0.550		03/24/16		5,193,406
	1,375,000	y	Bedford Row Funding Corp		0.380		01/04/16		1,374,957
	3,100,000	y	Bedford Row Funding Corp		0.300		02/23/16		3,098,631
	5,095,000	y	CAFCO LLC		0.380		02/24/16		5,092,096
	6,200,000	y	Chevron Corp		0.190		01/13/16		6,199,607
	3,100,000	y	Chevron Corp		0.205		02/03/16		3,099,417
	500,000	y	Ciesco LLC		0.470		02/16/16		499,700
	2,600,000	y	Commonwealth Bank of Australia		0.410		03/02/16		2,598,194
	3,700,000	y	DBS Bank Ltd		0.230		01/25/16		3,699,433
	2,000,000	y	DBS Bank Ltd		0.240 - 0.360		01/28/16		1,999,584
	300,000	y	DBS Bank Ltd		0.540		02/11/16		299,815
	4,000,000	y	DBS Bank Ltd		0.320		02/12/16		3,998,507
	3,000,000	y	DBS Bank Ltd		0.325		02/16/16		2,998,754
	707,000		JPMorgan Chase Bank NA		0.410 - 0.440		01/04/16		706,975
	125,000		JPMorgan Chase Bank NA		0.360		02/01/16		124,961
	119,000		JPMorgan Chase Bank NA		0.360		02/29/16		118,930
	650,000	y	Jupiter Securitization Co LLC		0.270		01/04/16		649,985
	600,000		Korea Development Bank		0.260		01/21/16		599,913
	4,500,000		Korea Development Bank		0.320		02/11/16		4,498,360
	5,000,000		Korea Development Bank		0.360		02/25/16		4,997,250
	7,000,000	y	Microsoft Corp		0.185 - 0.190		01/06/16		6,999,819
	4,500,000	y	Microsoft Corp		0.170		01/20/16		4,499,596
	5,000,000	y	National Australia Bank Ltd		0.250		01/05/16		4,999,861
	2,000,000	y	National Australia Bank Ltd		0.225		01/08/16		1,999,913

236

TIAA-CREF FUNDS - Money Market Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,100,000	y	National Australia Bank Ltd	0.235		%	01/21/16	$	1,099,856
	4,000,000	y	National Australia Bank Ltd		0.235		02/02/16		3,999,164
	2,000,000	y	National Australia Bank Ltd		0.400		03/01/16		1,998,667
	4,600,000	y	Nestle Capital Corp		0.335		01/19/16		4,599,230
	5,000,000	y	Nordea Bank AB		0.260		02/04/16		4,998,772
	4,660,000		PACCAR Financial Corp		0.180		01/21/16		4,659,534
	4,000,000	y	Procter & Gamble Co		0.330		02/18/16		3,998,240
	5,000,000		Province of British Columbia Canada		0.200		01/19/16		4,999,500
	430,000		Province of British Columbia Canada		0.250		01/20/16		429,943
	990,000		Province of British Columbia Canada		0.250		02/05/16		989,760
	3,000,000		Province of British Columbia Canada		0.290		02/09/16		2,999,058
	4,000,000		Province of British Columbia Canada		0.520		02/19/16		3,997,169
	1,500,000		Province of British Columbia Canada		0.320		02/23/16		1,499,293
	7,465,000		Province of British Columbia Canada		0.390		03/01/16		7,460,148
	2,700,000		Province of British Columbia Canada		0.470		03/09/16		2,697,603
	3,000,000		Province of British Columbia Canada		0.530		03/11/16		2,996,908
	1,140,000		Province of Ontario Canada		0.450		02/19/16		1,139,302
	3,500,000		Province of Ontario Canada		0.470		02/29/16		3,497,304
	5,705,000		Province of Ontario Canada		0.470		03/14/16		5,699,563
	2,500,000	y	Province of Quebec Canada		0.220		01/12/16		2,499,832
	3,000,000	y	Province of Quebec Canada		0.200		01/14/16		2,999,783
	4,500,000	y	Province of Quebec Canada		0.195		01/25/16		4,499,415
	2,640,000	y	Province of Quebec Canada		0.400		02/03/16		2,639,032
	2,000,000	y	Province of Quebec Canada		0.430		02/22/16		1,998,758
	5,000,000	y	Province of Quebec Canada		0.460		03/22/16		4,994,825
	3,000,000	y	PSP Capital, Inc		0.240		01/14/16		2,999,740
	900,000	y	PSP Capital, Inc		0.230		01/19/16		899,897
	1,515,000	y	PSP Capital, Inc		0.260		01/20/16		1,514,792
	3,160,000	y	PSP Capital, Inc		0.230 - 0.270		01/26/16		3,159,463
	6,750,000	y	PSP Capital, Inc		0.260 - 0.300		02/01/16		6,748,325
	4,000,000	y	PSP Capital, Inc		0.340		02/19/16		3,998,149
	2,060,000	y	Svenska Handelsbanken AB		0.440		02/08/16		2,059,043
	4,000,000	y	Svenska Handelsbanken AB		0.380		02/22/16		3,997,804
	3,000,000	y	Toronto-Dominion Holdings USA, Inc		0.190		01/06/16		2,999,921
	3,000,000		Toyota Motor Credit Corp		0.240		01/26/16		2,999,500
	300,000	y	Unilever Capital Corp		0.400		01/05/16		299,987
	3,200,000	y	Unilever Capital Corp		0.170		01/11/16		3,199,849
	2,000,000	y	Unilever Capital Corp		0.170		01/12/16		1,999,896
	4,000,000	y	Unilever Capital Corp		0.195		01/25/16		3,999,480
	1,000,000	y	United Overseas Bank Ltd		0.220		01/08/16		999,957
	525,000	y	United Overseas Bank Ltd		0.370		02/18/16		524,741
	1,000,000	y	United Overseas Bank Ltd		0.370		02/24/16		999,445
	1,350,000	y	Wal-Mart Stores, Inc		0.260		01/28/16		1,349,737
	4,000,000		Washington Gas Light Co		0.400		01/08/16		3,999,689
	425,000	y	Westpac Banking Corp		0.270		01/04/16		424,990
	400,000	y	Westpac Banking Corp		0.450		02/04/16		399,830
	1,850,000	y	Westpac Banking Corp		0.380		02/10/16		1,849,219
			TOTAL COMMERCIAL PAPER						240,008,275
GOVERNMENT AGENCY DEBT - 34.0%
	4,200,000		Federal Farm Credit Bank (FFCB)		0.350		03/07/16		4,197,305
	310,000		FFCB		0.550		04/14/16		309,507

237

TIAA-CREF FUNDS - Money Market Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	2,268,000	Federal Home Loan Bank (FHLB)	0.110		%	01/04/16	$	2,267,979
	2,195,000	FHLB		0.120 - 0.125		01/06/16		2,194,963
	2,700,000	FHLB		0.115		01/07/16		2,699,948
	2,000,000	FHLB		0.110		01/08/16		1,999,957
	6,700,000	FHLB		0.110		01/11/16		6,699,795
	9,210,000	FHLB		0.110 - 0.125		01/12/16		9,209,672
	3,900,000	FHLB		0.110		01/13/16		3,899,857
	1,000,000	FHLB		0.160		01/14/16		999,942
	5,750,000	FHLB		0.120 - 0.210		01/15/16		5,749,620
	2,000,000	FHLB		0.140		01/19/16		1,999,860
	5,590,000	FHLB		0.130 - 0.300		01/20/16		5,589,480
	8,910,000	FHLB		0.135 - 0.250		01/22/16		8,909,163
	800,000	FHLB		0.130		01/25/16		799,931
	6,715,000	FHLB		0.150 - 0.280		01/26/16		6,714,045
	6,919,000	FHLB		0.160 - 0.180		01/27/16		6,918,128
	14,145,000	FHLB		0.140 - 0.260		01/29/16		14,142,900
	4,800,000	FHLB		0.200		02/01/16		4,799,173
	4,500,000	FHLB		0.140 - 0.350		02/02/16		4,499,107
	4,422,000	FHLB		0.205 - 0.230		02/03/16		4,421,153
	7,535,000	FHLB		0.195 - 0.310		02/05/16		7,533,418
	6,010,000	FHLB		0.230 - 0.270		02/08/16		6,008,321
	5,800,000	FHLB		0.220 - 0.320		02/09/16		5,798,486
	7,000,000	FHLB		0.220 - 0.240		02/10/16		6,998,178
	9,008,000	FHLB		0.220 - 0.420		02/16/16		9,004,796
	6,000,000	FHLB		0.265 - 0.325		02/18/16		5,997,800
	5,500,000	FHLB		0.270 - 0.350		02/24/16		5,497,413
	10,000,000	FHLB		0.280		02/26/16		9,995,644
	15,500,000	FHLB		0.300 - 0.400		03/02/16		15,491,469
	1,749,000	FHLB		0.420		03/04/16		1,747,714
	7,222,000	FHLB		0.330 - 0.470		03/09/16		7,216,176
	856,000	FHLB		0.420		03/11/16		855,301
	5,100,000	FHLB		0.420		03/16/16		5,095,538
	910,000	FHLB		0.221		03/21/16		909,553
	9,080,000	FHLB		0.350 - 0.460		03/30/16		9,071,143
	693,000	FHLB		0.480		04/28/16		691,910
	5,100,000	FHLB		0.620		06/08/16		5,086,035
	2,000,000	Federal Home Loan Mortgage Corp (FHLMC)		0.270		01/11/16		1,999,850
	7,000,000	FHLMC		0.150 - 0.300		01/21/16		6,999,310
	3,800,000	FHLMC		0.110 - 0.190		01/27/16		3,799,652
	4,000,000	FHLMC		0.220		01/28/16		3,999,340
	1,600,000	FHLMC		0.140		02/03/16		1,599,795
	971,000	FHLMC		0.210		02/05/16		970,802
	2,000,000	FHLMC		0.320		02/12/16		1,999,253
	200,000	FHLMC		0.260		02/25/16		199,920
	2,000,000	FHLMC		0.410		03/16/16		1,998,292
	2,000,000	FHLMC		0.440		04/08/16		1,997,604
	5,800,000	FHLMC		0.380		04/14/16		5,793,633
	1,655,000	Federal National Mortgage Association (FNMA)		0.230 - 0.320		01/13/16		1,654,853
	2,964,000	FNMA		0.210 - 0.260		01/14/16		2,963,735
	2,000,000	FNMA		0.300		01/21/16		1,999,667
	1,500,000	FNMA		0.182		01/25/16		1,499,818
	1,020,000	FNMA		0.255		01/27/16		1,019,812

238

TIAA-CREF FUNDS - Money Market Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	2,750,000		FNMA		0.200	%	02/02/16	$	2,749,511
	1,400,000		FNMA		0.140		02/03/16		1,399,820
	2,000,000		FNMA		0.200		02/08/16		1,999,578
	2,600,000		FNMA		0.220		02/10/16		2,599,364
	2,500,000		FNMA		0.225		02/22/16		2,499,188
	2,000,000		FNMA		0.200		03/14/16		1,999,189
	1,000,000		FNMA		0.360		04/01/16		999,090
	1,000,000		FNMA		0.300		04/13/16		999,142
	4,000,000		FNMA		0.470		04/14/16		3,994,569
	2,700,000		FNMA		0.640		06/08/16		2,692,368
			TOTAL GOVERNMENT AGENCY DEBT						264,447,535
TREASURY DEBT - 17.8%
	6,150,000		United States Treasury Bill		0.050 - 0.187		01/07/16		6,149,918
	4,140,000		United States Treasury Bill		0.126 - 0.149		01/14/16		4,139,803
	1,440,000		United States Treasury Bill		0.095 - 0.135		01/28/16		1,439,866
	7,040,000		United States Treasury Bill		0.112 - 0.217		02/04/16		7,038,854
	6,620,000		United States Treasury Bill		0.085 - 0.229		02/11/16		6,619,044
	3,050,000		United States Treasury Bill		0.032 - 0.123		02/18/16		3,049,617
	5,515,000		United States Treasury Bill		0.163 - 0.190		02/25/16		5,513,421
	7,440,000		United States Treasury Bill		0.200 - 0.249		03/03/16		7,437,110
	4,800,000		United States Treasury Bill		0.152 - 0.257		03/10/16		4,798,229
	400,000		United States Treasury Bill		0.147		03/17/16		399,876
	3,000,000		United States Treasury Bill		0.100 - 0.251		03/24/16		2,998,614
	2,000,000		United States Treasury Bill		0.061 - 0.073		04/07/16		1,999,642
	645,000		United States Treasury Bill		0.075 - 0.210		04/14/16		644,739
	10,600,000		United States Treasury Bill		0.111 - 0.121		04/21/16		10,596,227
	6,480,000		United States Treasury Bill		0.155 - 0.270		04/28/16		6,476,184
	2,000,000		United States Treasury Bill		0.323 - 0.354		05/05/16		1,997,651
	400,000		United States Treasury Bill		0.358 - 0.450		05/19/16		399,328
	1,000,000		United States Treasury Bill		0.387		05/26/16		998,431
	1,000,000		United States Treasury Bill		0.476		06/02/16		997,977
	2,785,000		United States Treasury Bill		0.402 - 0.404		06/09/16		2,780,019
	7,260,000		United States Treasury Note		0.375		01/15/16		7,260,569
	1,000,000		United States Treasury Note		0.375		01/31/16		1,000,189
	2,000,000		United States Treasury Note		0.375		02/15/16		2,000,566
	7,200,000		United States Treasury Note		0.250		02/29/16		7,200,681
	8,025,000		United States Treasury Note		0.375		03/15/16		8,026,984
	9,475,000		United States Treasury Note		0.375		03/31/16		9,478,919
	10,475,000		United States Treasury Note		0.250		04/15/16		10,476,936
	2,050,000		United States Treasury Note		0.250		05/15/16		2,049,130
	6,340,000		United States Treasury Note		0.375		05/31/16		6,341,955
	1,475,000		United States Treasury Note		0.500		06/15/16		1,475,957
	2,000,000		United States Treasury Note		0.500		06/30/16		2,002,529
	4,710,000		United States Treasury Note		0.625		07/15/16		4,718,027
			TOTAL TREASURY DEBT						138,506,992
VARIABLE RATE SECURITIES - 13.3%
	6,000,000	i	Federal Farm Credit Bank (FFCB)		0.390		03/29/16		5,999,413
	5,000,000	i	FFCB		0.372		04/21/16		4,999,773
	4,000,000	i	FFCB		0.530		06/09/16		4,001,683
	5,000,000	i	FFCB		0.420		06/23/16		4,999,518

239

TIAA-CREF FUNDS - Money Market Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	5,000,000	i	FFCB		0.263	%	08/10/16	$	4,999,548
	3,000,000	i	FFCB		0.390		01/13/17		3,000,000
	6,800,000	i	FFCB		0.398		01/24/17		6,799,658
	3,500,000	i	FFCB		0.243		03/02/17		3,500,011
	2,000,000	i	FFCB		0.500		03/09/17		1,999,039
	14,000,000	i	FFCB		0.326		06/15/17		13,998,034
	4,000,000	i	FFCB		0.480		06/27/17		3,995,195
	3,000,000	i	FFCB		0.331		07/17/17		2,999,686
	5,000,000	i	Federal Home Loan Bank (FHLB)		0.229		02/17/17		4,997,871
	5,000,000	i	Federal Home Loan Mortgage Corp (FHLMC)		0.397		07/21/16		4,999,716
	5,000,000	i	FHLMC		0.322		01/13/17		4,999,480
	3,000,000	i	FHLMC		0.462		04/27/17		2,999,193
	2,000,000	i	Federal National Mortgage Association (FNMA)		0.437		01/26/17		2,000,341
	4,044,000	i	FNMA		0.422		07/20/17		4,038,863
	5,000,000	i	FNMA		0.355		08/16/17		4,999,179
	5,000,000	i	FNMA		0.279		10/05/17		4,998,655
	3,000,000	i	Wells Fargo Bank NA		0.540		03/10/16		3,000,000
	5,000,000	i	Wells Fargo Bank NA		0.570		04/11/16		5,000,000
			TOTAL VARIABLE RATE SECURITIES						103,324,856
			TOTAL SHORT-TERM INVESTMENTS						777,287,658
			(Cost $777,287,658)
			TOTAL INVESTMENTS- 100.0%						777,287,658
			(Cost $777,287,658)
			OTHER ASSETS & LIABILITIES, NET - 0.0%						(286,416	)
			NET ASSETS - 100.0%					$	777,001,242

i	Floating or variable rate security. Coupon rate reflects the rate at period end.
y	Security exempt from registration under Section 4(2) of the Securities Act of 1933. Such securities are deemed liquid and may be sold in transactions exempt from registration only to dealers in that program or other “accredited investors.” At 12/31/2015, the aggregate value of these securities was $167,047,787 or 21.5% of net assets.

240

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

Note 1—organization and significant accounting policies

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

The Funds offer their shares, without a sales load, through their principal underwriter, Teachers Personal Investors Services, Inc. (“TPIS”), which is a wholly owned indirect subsidiary of Teachers Insurance and Annuity Association of America (“TIAA”). Teachers Advisors, Inc. (“Advisors”), a wholly owned indirect subsidiary of TIAA, is registered with the Commission as an investment adviser and provides investment management services for the Funds. The Funds offer up to five share classes, although any one Fund may not necessarily offer all five classes. The Funds may offer Institutional, Premier, Retirement, Retail and Advisor 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: For all Funds (other than the Money Market Fund), investments in securities are recorded at their estimated fair value as described in the valuation of investments note to the schedules of investments. Investments held by the Money Market Fund are recorded at amortized cost, which approximates fair value. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter accreting or amortizing any discount or premium to its face value at a constant rate until maturity.

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

Foreign currency transactions and translation: Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day using exchange rates obtained from an independent third party. Purchases and sales of securities, income, and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on realized and unrealized security gains and losses 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 May 2015, the Financial Accounting Standards Board issued Accounting Standards Update No. 2015-07 Fair Value Measurement (Topic 820) Disclosures in Certain Entities That Calculate Net Asset Value per Share (the “ASU”). The ASU removes the requirement to categorize all investments for which the fair value is measured using the net asset value per share practical expedient from the fair value hierarchy. The ASU also removes the requirement to make certain disclosures for investments that are eligible to be measured at fair value using the net asset value per share practical expedient. The ASU is effective for public business entities for fiscal years beginning after December 15, 2015, and for interim periods within those fiscal years. The Funds expect to early adopt the ASU for the March 31, 2016 annual report. Management is currently evaluating the impact of the ASU’s adoption on the Funds’ financial statements and notes disclosures.

New rule issuance: In July 2014, the Commission issued Final Rule Release No. 33- 9616, Money Market Fund Reform; Amendments to Form PF, which amends the rules governing money market funds. The final amendments impose different implementation dates for the changes that certain money market funds will need to make. Management is currently evaluating the implication of these amendments and their impact of the Final Rule to the Fund’s financial statements and related disclosures. On August 11, 2015, The TIAA-CREF Board approved a restructuring of the TIAA-CREF Money Market Fund as a “Government” money market instrument, in compliance with the new SEC regulations requiring all money market funds to restructure as retail, institutional or government. The restructuring will be effective by October 2016.

Note 2—valuation of investments

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

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

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

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

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

241

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

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

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

Debt securities: Debt securities 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.

The Money Market Fund: The Money Market Fund’s portfolio securities are valued on an amortized cost basis. Money Market 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.

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 December 31, 2015, there were no material transfers between levels by the Funds.

As of December 31, 2015, 100% of the value of investments in the Bond Index Fund, High-Yield Fund, Short-Term Bond Index Fund, Tax-Exempt Bond Fund and Money Market Fund was valued based on Level 2 inputs.

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

Fund	Level 1		Level 2		Level 3		Total
Real Estate Securities
Equity Investments*	$	1,741,427,923	$	-	$	-	$	1,741,427,923
Short-term investments		-		74,997,845		-		74,997,845
Total	$	1,741,427,923	$	74,997,845	$	-	$	1,816,425,768
Bond
Bank loan obligations	$	-	$	35,193,047	$	-	$	35,193,047
Corporate bonds		-		1,075,587,424		-		1,075,587,424
Government bonds		-		1,150,533,723		-		1,150,533,723
Structured assets		-		576,222,361		2,748,379		578,970,740
Short-term investments		-		350,321,904		-		350,321,904
Total	$	-	$	3,187,858,459	$	2,748,379	$	3,190,606,838
Bond Plus
Bank loan obligations	$	-	$	137,746,483	$	-	$	137,746,483
Corporate bonds		-		1,123,397,822		-		1,123,397,822
Government bonds		-		1,141,454,018		-		1,141,454,018
Structured assets		-		372,643,103		1,783,908		374,427,011
Short-term investments		-		234,348,231		-		234,348,231
Total	$	-	$	3,009,589,657	$	1,783,908	$	3,011,373,565

242

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

Fund	Level 1			Level 2		Level 3		Total
Inflation-Linked Bond
Government bonds	$	-		$	1,901,254,752	$	-	$	1,901,254,752
Short-term investments		-			201,525,119		-		201,525,119
Futures**		(18,984	)		-		-		(18,984	)
Total	$	(18,984	)	$	2,102,779,871	$	-	$	2,102,760,887
Short-Term Bond
Bank loan obligations	$	-		$	52,230,406	$	-	$	52,230,406
Corporate bonds		-			573,653,678		-		573,653,678
Government bonds		-			343,179,248		-		343,179,248
Structured assets		-			494,705,842		-		494,705,842
Short-term investments		-			33,397,258		-		33,397,258
Futures**		23,076			-		-		23,076
Total	$	23,076		$	1,497,166,432	$	-	$	1,497,189,508
Social Choice Bond
Bank loan obligations	$	-		$	4,845,771	$	-	$	4,845,771
Corporate bonds		-			216,535,325		-		216,535,325
Government bonds		-			275,585,019		-		275,585,019
Structured assets		-			83,161,501		331,890		83,493,391
Preferred stocks		266,750			-		-		266,750
Total	$	266,750		$	580,127,616	$	331,890	$	580,726,256

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

Note 3—derivative instruments

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

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

At December 31, 2015, the Funds held the following open futures contracts:

Fund	Futures	Number of contracts	Settlement value			Expiration date	Unrealized gain (loss)
Inflation-Linked Bond	US Long Bond (CBT)	100	$	(15,375,000	)	3/21/2016	$	(18,984	)
Short-Term Bond	US 5 Year Note (CBT)	350		(41,412,110	)	3/31/2016		(9,022	)
Short-Term Bond	US 10 Year Note (CBT)	55		(6,924,844	)	3/21/2016		32,098
Short-Term Bond Total		405	$	(48,336,954	)		$	23,076

Note 4 – affiliated investments

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

	Value at		Purchase		Sales		Realized		Dividend		Withholding		Shares at		Value at
Issue	March 31, 2015		cost		proceeds		gain (loss)		income		expense		December 31, 2015		December 31, 2015
Real Estate Securities Fund
Rexford Industrial Realty, Inc	$	52,583,744	$	378,795	$	-	$	-	$	1,306,500	$	-		3,350,000	$	54,806,000

243

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

Note 5 – investments

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

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

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

Net unrealized appreciation (depreciation): At December 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: 

			Gross		Gross			Net unrealized
			unrealized		unrealized			appreciation
Fund	Book cost		appreciation		(depreciation)			(depreciation)
Real Estate Securities	$	1,404,879,787	$	439,756,562	$	(28,210,581	)	$	411,545,981
Bond		3,222,846,873		20,343,463		(52,583,498	)		(32,240,035	)
Bond Index		6,161,443,590		70,960,383		(64,211,124	)		6,749,259
Bond Plus		3,069,924,927		18,861,050		(77,412,412	)		(58,551,362	)
High-Yield		3,451,202,350		25,407,101		(364,804,949	)		(339,397,848	)
Inflation-Linked Bond		2,095,030,254		43,652,893		(35,903,276	)		7,749,617
Short-Term Bond		1,506,211,291		1,755,395		(10,800,254	)		(9,044,859	)
Short-Term Bond Index		109,838,905		5,199		(584,546	)		(579,347	)
Social Choice Bond		586,458,651		2,064,037		(7,796,432	)		(5,732,395	)
Tax-Exempt Bond		331,352,716		8,120,866		(302,907	)		7,817,959

244

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
Dated:  February 19, 2016	By:	/s/Robert G. Leary
		Robert G. Leary
		Principal Executive Officer and President

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.

Dated:  February 19, 2016	By:	/s/Robert G. Leary
		Robert G. Leary
		Principal Executive Officer and President (principal executive officer)

Dated:  February 19, 2016	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