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

8500 Andrew Carnegie Blvd.

Charlotte, N.C. 28262-8500

(Name and address of agent for service)

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

Date of fiscal year end: March 31

Date of reporting period: June 30, 2016

Item 1. Schedule of Investments.

TIAA-CREF FUNDS - Real Estate Securities Fund

TIAA-CREF FUNDS

REAL ESTATE SECURITIES FUND

SCHEDULE OF INVESTMENTS (unaudited)

June 30, 2016

SHARES			COMPANY	VALUE
COMMON STOCKS - 96.7%
ASSET MANAGEMENT & CUSTODY BANKS - 0.5%
	1,074,699		NorthStar Asset Management Group, Inc	$	10,972,677
			TOTAL ASSET MANAGEMENT & CUSTODY BANKS		10,972,677
DIVERSIFIED REAL ESTATE ACTIVITIES - 0.4%
	1,400,000		Wharf Holdings Ltd		8,543,536
			TOTAL DIVERSIFIED REAL ESTATE ACTIVITIES		8,543,536
DIVERSIFIED REITS - 4.4%
	3,800,000		Gramercy Property Trust		35,036,000
	2,000,000		NorthStar Realty Finance Corp		22,860,000
	2,500,000		Spirit Realty Capital, Inc		31,925,000
			TOTAL DIVERSIFIED REITS		89,821,000
HOTEL & RESORT REITS - 1.0%
	800,000		MGM Growth Properties LLC		21,344,000
			TOTAL HOTEL & RESORT REITS		21,344,000
INDUSTRIAL REITS - 8.2%
	1,250,000		Prologis, Inc		61,300,000
	4,000,000	a	Rexford Industrial Realty, Inc		84,360,000
	900,000		Terreno Realty Corp		23,283,000
			TOTAL INDUSTRIAL REITS		168,943,000
IT CONSULTING & OTHER SERVICES - 0.9%
	475,000	*	InterXion Holding NV		17,518,000
			TOTAL IT CONSULTING & OTHER SERVICES		17,518,000
OFFICE REITS - 9.7%
	450,000		Boston Properties, Inc		59,355,000
	375,000		Hudson Pacific Properties		10,942,500
	375,000		Kilroy Realty Corp		24,858,750
	908,540		NorthStar Realty Europe Corp		8,403,995
	575,000		SL Green Realty Corp		61,220,250
	350,000		Vornado Realty Trust		35,042,000
			TOTAL OFFICE REITS		199,822,495
REAL ESTATE SERVICES - 0.9%
	1,000,000		Kennedy-Wilson Holdings, Inc		18,960,000
			TOTAL REAL ESTATE SERVICES		18,960,000
RESIDENTIAL REITS - 18.1%
	625,000		Apartment Investment & Management Co (Class A)		27,600,000
	500,000		AvalonBay Communities, Inc		90,195,000
	575,000		Equity Lifestyle Properties, Inc		46,028,750

1

TIAA-CREF FUNDS - Real Estate Securities Fund

SHARES		COMPANY	VALUE
	1,250,000	Equity Residential	$	86,100,000
	285,000	Essex Property Trust, Inc		65,005,650
	2,500,000	Monogram Residential Trust, Inc		25,525,000
	425,000	Sun Communities, Inc		32,572,000
		TOTAL RESIDENTIAL REITS		373,026,400
RETAIL REITS - 19.7%
	1,500,000	DDR Corp		27,210,000
	800,000	Equity One, Inc		25,744,000
	375,000	Federal Realty Investment Trust		62,081,250
	2,100,000	General Growth Properties, Inc		62,622,000
	302,802	National Retail Properties, Inc		15,660,919
	1,000,000	Retail Opportunities Investment Corp		21,670,000
	880,000	Simon Property Group, Inc		190,872,000
		TOTAL RETAIL REITS		405,860,169
SPECIALIZED REITS - 32.9%
	625,000	American Tower Corp		71,006,250
	575,000	Crown Castle International Corp		58,322,250
	125,000	CubeSmart		3,860,000
	400,000	CyrusOne, Inc		22,264,000
	800,000	DiamondRock Hospitality Co		7,224,000
	150,000	Digital Realty Trust, Inc		16,348,500
	175,000	Equinix, Inc		67,852,750
	450,000	Extra Space Storage, Inc		41,643,000
	650,000	Four Corners Property Trust, Inc		13,383,500
	1,225,000	Gaming and Leisure Properties, Inc		42,238,000
	1,500,000	Host Marriott Corp		24,315,000
	300,000	Iron Mountain, Inc		11,949,000
	400,000	National Storage Affiliates Trust		8,328,000
	675,000	Pebblebrook Hotel Trust		17,718,750
	325,000	Public Storage, Inc		83,066,750
	250,000	QTS Realty Trust, Inc		13,995,000
	1,750,000	Sunstone Hotel Investors, Inc		21,122,500
	750,000	Ventas, Inc		54,615,000
	750,000	Welltower, Inc		57,127,500
	1,350,000	Weyerhaeuser Co		40,189,500
		TOTAL SPECIALIZED REITS		676,569,250
		TOTAL COMMON STOCKS		1,991,380,527
		(Cost $1,454,641,503)

2

TIAA-CREF FUNDS - Real Estate Securities Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 1.9%
GOVERNMENT AGENCY DEBT - 1.0%
$	21,100,000	Federal Home Loan Bank (FHLB)		0.050	%	07/01/16	$	21,100,000
								21,100,000
TREASURY DEBT - 0.9%
	8,440,000	United States Treasury Bill		0.155		07/07/16		8,439,865
	9,300,000	United States Treasury Bill		0.217		07/14/16		9,299,572
								17,739,437
		TOTAL SHORT-TERM INVESTMENTS						38,839,437
		(Cost $38,839,055)
		TOTAL INVESTMENTS - 98.6%						2,030,219,964
		(Cost $1,493,480,558)
		OTHER ASSETS & LIABILITIES, NET - 1.4%						29,418,595
		NET ASSETS - 100.0%					$	2,059,638,559

	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)

June 30, 2016

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
BANK LOAN OBLIGATIONS - 1.4%
AUTOMOBILES & COMPONENTS - 0.0%
$	443,250	i	Dealer Tire LLC		5.500	%	12/22/21	$	444,358
			TOTAL AUTOMOBILES & COMPONENTS						444,358
CAPITAL GOODS - 0.1%
	248,125	i	CHI Overhead Doors, Inc		4.750		07/31/22		245,954
	298,244	i	Plaze, Inc		5.250		07/29/22		296,753
	1,000,000	h,i	TransDigm, Inc		3.750		05/14/22		983,440
			TOTAL CAPITAL GOODS						1,526,147
COMMERCIAL & PROFESSIONAL SERVICES - 0.1%
	1,000,000	h,i	B/E Aerospace Inc		3.750		12/16/21		1,000,750
	723,975	i	Creative Artists Agency LLC		5.500		12/17/21		722,766
	1,000,000	h,i	ServiceMaster Co LLC		4.250		07/01/21		999,790
	201,987	h,i	USAGM HoldCo LLC		5.500		07/28/22		199,714
	1,018,013	h,i	USAGM HoldCo LLC		5.500		07/28/22		1,006,561
	746,250	i	XPO Logistics, Inc		5.500		11/01/21		746,250
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						4,675,831
CONSUMER DURABLES & APPAREL - 0.0%
	497,341	i	Academy Ltd		5.000		07/01/22		465,014
	628,130	i	Otter Products LLC		5.750		06/03/20		533,910
			TOTAL CONSUMER DURABLES & APPAREL						998,924
CONSUMER SERVICES - 0.2%
	882,000	i	Jackson Hewitt Tax Service, Inc		8.000		06/25/21		862,155
	275,000	i	KFC Holding Co		2.750		06/02/23		275,000
	893,250	i	Knowledge Universe Education LLC		6.000		08/13/22		882,826
	1,000,000	h,i	Peninsula Gaming LLC		4.250		11/20/17		999,000
	1,500,000	i	Pinnacle Entertainment, Inc		3.750		04/28/23		1,495,320
	1,058,107	i	Spin Holdco, Inc		4.250		11/14/19		1,036,501
	646,664	i	Sterling Midco Holdings, Inc		5.750		06/20/22		641,413
			TOTAL CONSUMER SERVICES						6,192,215
DIVERSIFIED FINANCIALS - 0.0%
	881,958	i	TransUnion LLC		3.500		04/09/21		869,972
			TOTAL DIVERSIFIED FINANCIALS						869,972
ENERGY - 0.0%
	746,154	i	Dynegy, Inc		4.000		04/23/20		731,231
			TOTAL ENERGY						731,231
FOOD & STAPLES RETAILING - 0.0%
	1,021,743	i	Albertsons LLC		4.500		08/25/21		1,019,556

4

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	100,000	i	Albertsons LLC		4.750	%	06/22/23	$	99,725
			TOTAL FOOD & STAPLES RETAILING						1,119,281
FOOD, BEVERAGE & TOBACCO - 0.0%
	1,000,000	h,i	B&G Foods, Inc		3.750		11/02/22		1,000,750
	253,088	i	Hostess Brands LLC		4.500		08/03/22		252,581
			TOTAL FOOD, BEVERAGE & TOBACCO						1,253,331
HEALTH CARE EQUIPMENT & SERVICES - 0.2%
	1,202,772	i	DaVita HealthCare Partners, Inc		3.500		06/24/21		1,204,275
	548,625	i	Greatbatch Ltd		5.250		10/27/22		543,139
	1,959,698	i	HCA, Inc		3.381		05/01/18		1,960,149
	1,959,912	i	Kinetic Concepts, Inc		5.000		11/04/20		1,948,897
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						5,656,460
INSURANCE - 0.1%
	1,288,579	i	Acrisure LLC		6.500		05/19/22		1,276,763
	1,500,000	h,i	HUB International Ltd		4.000		10/02/20		1,471,245
			TOTAL INSURANCE						2,748,008
MATERIALS - 0.1%
	1,194,981	h,i	Berry Plastics Group, Inc		3.750		10/01/22		1,185,349
	224,438	i	GCP Applied Technologies, Inc		5.250		02/03/22		224,718
	360,000	i	Solenis International LP		7.750		07/29/22		331,499
	962,167	i	Tronox Pigments BV		4.500		03/19/20		918,869
			TOTAL MATERIALS						2,660,435
MEDIA - 0.1%
	893,250	i	CDS US Intermediate Holdings, Inc		5.000		07/08/22		868,409
	1,000,000	h,i	EMI Music		4.000		08/19/22		995,630
	2,200,000	h,i	Neptune Finco Corp		5.000		10/09/22		2,200,550
	504,991	i	Virgin Media Investment Holdings Ltd		3.649		06/30/23		492,194
			TOTAL MEDIA						4,556,783
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	750,000	h,i	NBTY, Inc		5.000		05/05/23		743,302
	523,688	i	Vizient, Inc		6.250		02/13/23		526,961
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						1,270,263
REAL ESTATE - 0.0%
	735,648	i	DTZ US Borrower LLC		4.250		11/04/21		724,158
			TOTAL REAL ESTATE						724,158
RETAILING - 0.0%
	399,000	i	CNT Holdings III Corp		5.250		01/22/23		397,835
	994,975	i	PetSmart, Inc		4.250		03/11/22		989,881
			TOTAL RETAILING						1,387,716
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.1%
	1,995,000		Avago Technologies Cayman Finance Ltd		4.250		02/01/23		1,995,938
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						1,995,938

5

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
SOFTWARE & SERVICES - 0.2%
$	1,000,000	h,i	CSRA, Inc		3.750	%	11/28/22	$	997,500
	1,225,000	i	Evergreen Skills Lux S.a.r.l.		9.250		04/28/22		551,250
	913,643	i	IMS Health, Inc		3.500		03/17/21		904,507
	726,665	i	Mitchell International, Inc		4.500		10/13/20		713,948
	664,858		ProQuest LLC		5.750		10/24/21		631,615
	135,883	i	SS&C Technologies Holdings Europe SARL		4.000		07/08/22		135,742
	993,054	i	SS&C Technologies Holdings, Inc		4.000		07/08/22		992,021
			TOTAL SOFTWARE & SERVICES						4,926,583
TECHNOLOGY HARDWARE & EQUIPMENT - 0.1%
	1,116,563	i	CommScope, Inc		3.750		12/29/22		1,115,870
	300,000	i	MTS Systems Corp		5.000		12/31/23		298,875
	913,783	i	Sensata Technologies BV		3.000		10/14/21		912,147
	422,182	i	Zebra Technologies Corp		4.000		10/27/21		421,654
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						2,748,546
TELECOMMUNICATION SERVICES - 0.1%
	1,500,000	h,i	T-Mobile USA, Inc		3.500		11/09/22		1,503,990
			TOTAL TELECOMMUNICATION SERVICES						1,503,990
			TOTAL BANK LOAN OBLIGATIONS						47,990,170
			(Cost $48,814,876)
BONDS - 97.0%
CORPORATE BONDS - 35.9%
AUTOMOBILES & COMPONENTS - 0.5%
	4,950,000	g	BMW US Capital LLC		2.000		04/11/21		5,014,741
	2,975,000	g	BMW US Capital LLC		2.800		04/11/26		3,053,150
	1,125,000		Delphi Automotive plc		3.150		11/19/20		1,157,289
	314,000	g	Gates Global LLC		6.000		07/15/22		274,750
	1,700,000		General Motors Co		6.600		04/01/36		1,950,354
	1,200,000		General Motors Co		6.750		04/01/46		1,424,303
	150,000		Goodyear Tire & Rubber Co		5.000		05/31/26		152,812
	1,750,000		Magna International, Inc		3.625		06/15/24		1,846,654
	200,000		Tenneco, Inc		5.000		07/15/26		202,874
	150,000	g	ZF North America Capital, Inc		4.500		04/29/22		152,063
	150,000	g	ZF North America Capital, Inc		4.750		04/29/25		151,968
			TOTAL AUTOMOBILES & COMPONENTS						15,380,958
BANKS - 4.5%
	1,000,000	g	Banco de Bogota S.A.		6.250		05/12/26		1,017,500
	450,000	g	Banco del Estado de Chile		3.875		02/08/22		477,905
	1,500,000	g	Banco Nacional de Comercio Exterior SNC		4.375		10/14/25		1,565,400
	1,000,000	g	Banco Nacional de Costa Rica		5.875		04/25/21		1,031,700
	700,000		Bancolombia S.A.		5.950		06/03/21		765,450
	1,690,000		Bank of America Corp		5.300		03/15/17		1,735,128
	1,125,000		Bank of America Corp		6.000		09/01/17		1,182,720

6

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	5,000,000		Bank of America Corp		4.000	%	01/22/25	$	5,101,660
	2,100,000		Bank of America Corp		3.950		04/21/25		2,135,167
	2,450,000		Bank of America Corp		3.875		08/01/25		2,607,653
	1,750,000		Bank of America Corp		4.750		04/21/45		1,789,078
	2,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		2.350		02/23/17		2,015,368
	3,375,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		2.350		09/08/19		3,451,501
	1,500,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		3.250		09/08/24		1,573,032
	1,700,000		Barclays plc		3.650		03/16/25		1,634,667
	1,175,000	g	BNP Paribas S.A.		4.375		05/12/26		1,187,149
	650,000		Branch Banking & Trust Co		2.300		10/15/18		666,261
	2,550,000		Capital One Bank USA NA		2.950		07/23/21		2,620,706
	1,068,000		Capital One Bank USA NA		3.375		02/15/23		1,092,836
	2,050,000		Citigroup, Inc		1.300		11/15/16		2,050,904
	2,275,000		Citigroup, Inc		3.300		04/27/25		2,331,420
	7,775,000		Citigroup, Inc		4.450		09/29/27		7,993,369
	750,000		Citizens Bank NA		2.550		05/13/21		757,323
	375,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.950		11/09/22		387,870
	1,250,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		4.625		12/01/23		1,318,646
	2,550,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		5.250		08/04/45		2,847,014
	3,350,000		Cooperatieve Rabobank UA		2.500		01/19/21		3,435,207
	1,250,000	g	Credit Agricole S.A.		2.500		04/15/19		1,278,761
	1,425,000	g	Credit Agricole S.A.		2.375		07/01/21		1,441,165
	1,000,000	g	DBS Group Holdings Ltd		2.246		07/16/19		1,014,782
	2,325,000		Discover Bank		3.100		06/04/20		2,378,245
	2,250,000	g	GTH Finance BV		7.250		04/26/23		2,340,000
	1,320,000	g	HSBC Bank plc		4.125		08/12/20		1,421,001
	2,700,000		HSBC Holdings plc		2.950		05/25/21		2,728,269
	4,500,000		HSBC Holdings plc		3.900		05/25/26		4,644,387
	8,700,000		JPMorgan Chase & Co		2.750		06/23/20		8,965,550
	5,250,000		JPMorgan Chase & Co		3.200		06/15/26		5,398,948
	750,000	i	JPMorgan Chase & Co		5.150		12/30/49		729,450
	2,945,000		KeyBank NA		2.500		12/15/19		3,019,906
	875,000		Lloyds Banking Group plc		3.100		07/06/21		874,353
	900,000	g	Macquarie Bank Ltd		2.600		06/24/19		917,952
	2,550,000		Manufacturers & Traders Trust Co		2.100		02/06/20		2,580,128
	2,950,000		Mitsubishi UFJ Financial Group, Inc		2.950		03/01/21		3,055,743
	1,000,000	g,i	Oversea-Chinese Banking Corp Ltd		4.000		10/15/24		1,046,314
	2,000,000	g	PKO Finance AB		4.630		09/26/22		2,085,556
	2,075,000		PNC Bank NA		2.200		01/28/19		2,117,201
	2,425,000		PNC Bank NA		2.250		07/02/19		2,477,106
	4,150,000		PNC Bank NA		2.600		07/21/20		4,297,873
	1,750,000		PNC Bank NA		2.700		11/01/22		1,768,928
	3,050,000		PNC Bank NA		2.950		01/30/23		3,106,928
	1,500,000		PNC Financial Services Group, Inc		3.900		04/29/24		1,609,961
	835,000	g,i	Rabobank Nederland NV		11.000		12/30/49		995,738
	400,000	g	Shinhan Bank		3.875		03/24/26		413,780
	3,600,000	g	Skandinaviska Enskilda Banken AB		2.625		11/17/20		3,709,678
	1,025,000		Sumitomo Mitsui Banking Corp		2.500		07/19/18		1,046,195
	1,700,000		Sumitomo Mitsui Banking Corp		2.450		01/16/20		1,737,392
	900,000		Sumitomo Mitsui Banking Corp		3.650		07/23/25		976,203
	1,675,000		SunTrust Banks, Inc		2.900		03/03/21		1,734,441
	1,075,000		SunTrust Banks, Inc		2.750		05/01/23		1,081,907

7

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	3,350,000		Toronto-Dominion Bank		2.500	%	12/14/20	$	3,465,438
	850,000	g	Turkiye Garanti Bankasi AS.		4.750		10/17/19		874,259
	1,000,000	g,h	Turkiye Halk Bankasi AS.		5.000		07/13/21		999,450
	400,000	g	Turkiye Is Bankasi		3.750		10/10/18		402,032
	1,000,000	g	Turkiye Is Bankasi		5.500		04/21/19		1,042,372
	1,500,000	g	Turkiye Is Bankasi		5.375		10/06/21		1,546,743
	1,750,000		Union Bank NA		2.125		06/16/17		1,766,154
	1,550,000		UnionBanCal Corp		3.500		06/18/22		1,645,723
	4,135,000		US Bank NA		2.800		01/27/25		4,307,992
	2,150,000		Westpac Banking Corp		2.250		01/17/19		2,195,328
	3,500,000		Westpac Banking Corp		2.850		05/13/26		3,554,695
	1,000,000	g	Zenith Bank plc		6.250		04/22/19		942,700
			TOTAL BANKS						150,509,361
CAPITAL GOODS - 0.8%
	675,000		Eaton Corp		4.000		11/02/32		717,646
	1,050,000		Embraer Netherlands Finance BV		5.050		06/15/25		1,036,245
	1,150,000	g	Gold Fields Orogen Holding BVI Ltd		4.875		10/07/20		1,132,750
	1,875,000		Ingersoll-Rand Luxembourg Finance S.A.		3.550		11/01/24		1,973,692
	525,000		Ingersoll-Rand Luxembourg Finance S.A.		4.650		11/01/44		563,296
	2,025,000		John Deere Capital Corp		2.550		01/08/21		2,103,963
	2,075,000		Lockheed Martin Corp		2.500		11/23/20		2,140,589
	1,275,000		Lockheed Martin Corp		3.550		01/15/26		1,391,003
	200,000	g	Manitowoc Foodservice, Inc		9.500		02/15/24		223,000
	2,500,000	g	Molex Electronic Technologies LLC		2.878		04/15/20		2,489,375
	2,100,000	g	Molex Electronic Technologies LLC		3.900		04/15/25		2,144,144
	642,640	g	Odebrecht Offshore Drilling Finance Ltd		6.625		10/01/22		114,069
	1,250,000		Rockwell Automation, Inc		2.050		03/01/20		1,270,513
	2,000,000	g	Sigma Alimentos S.A. de C.V.		4.125		05/02/26		2,030,000
	2,290,000	g	Stena AB		7.000		02/01/24		1,803,375
	950,000		Textron, Inc		3.875		03/01/25		1,003,159
	2,775,000		Timken Co		3.875		09/01/24		2,805,600
	125,000	g	TransDigm, Inc		6.375		06/15/26		124,688
	1,945,000	g	TSMC Global Ltd		1.625		04/03/18		1,947,600
			TOTAL CAPITAL GOODS						27,014,707
COMMERCIAL & PROFESSIONAL SERVICES - 1.3%
	4,500,000		21st Century Fox America, Inc		3.000		09/15/22		4,698,779
	110,000		21st Century Fox America, Inc		7.625		11/30/28		152,005
	85,000		21st Century Fox America, Inc		6.550		03/15/33		108,670
	1,330,000		21st Century Fox America, Inc		6.900		08/15/39		1,780,142
	225,000		AECOM		5.750		10/15/22		229,500
	575,000		AECOM		5.875		10/15/24		589,375
	1,425,000		Air Lease Corp		3.875		04/01/21		1,467,750
	375,000		Clean Harbors, Inc		5.125		06/01/21		383,670
	7,000,000	g	Daimler Finance North America LLC		2.000		07/06/21		6,997,340
	2,050,000	g	Daimler Finance North America LLC		3.300		05/19/25		2,168,822
	3,250,000		Equifax, Inc		3.250		06/01/26		3,357,858
	300,000	g	Herc Spinoff Escrow Issuer LLC		7.500		06/01/22		294,750
	500,000	g	Herc Spinoff Escrow Issuer LLC		7.750		06/01/24		487,500
	750,000		Quest Diagnostics, Inc		3.450		06/01/26		775,387
	1,495,000		Republic Services, Inc		3.800		05/15/18		1,564,229

8

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	2,400,000		Republic Services, Inc		3.550	%	06/01/22	$	2,592,343
	1,700,000		Republic Services, Inc		3.200		03/15/25		1,776,594
	500,000	h	Republic Services, Inc		2.900		07/01/26		507,358
	650,000		United Rentals North America, Inc		5.500		07/15/25		640,250
	3,350,000		Visa, Inc		2.200		12/14/20		3,451,642
	2,250,000		Visa, Inc		3.150		12/14/25		2,406,724
	1,500,000		Waste Management, Inc		2.600		09/01/16		1,503,420
	2,800,000		Waste Management, Inc		2.900		09/15/22		2,931,802
	1,750,000		Waste Management, Inc		2.400		05/15/23		1,775,942
	500,000		Waste Management, Inc		3.900		03/01/35		524,233
	550,000		Waste Management, Inc		4.100		03/01/45		597,297
	725,000	g	XPO Logistics, Inc		6.500		06/15/22		691,469
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						44,454,851
CONSUMER DURABLES & APPAREL - 0.3%
	1,000,000		Lennar Corp		4.750		04/01/21		1,040,000
	1,900,000		Newell Rubbermaid, Inc		3.150		04/01/21		1,979,593
	700,000		Newell Rubbermaid, Inc		3.900		11/01/25		733,579
	3,100,000		Newell Rubbermaid, Inc		4.200		04/01/26		3,362,241
	200,000		PulteGroup, Inc		5.500		03/01/26		205,000
	1,100,000		PVH Corp		4.500		12/15/22		1,115,125
	500,000		Whirlpool Corp		3.700		03/01/23		530,214
			TOTAL CONSUMER DURABLES & APPAREL						8,965,752
CONSUMER SERVICES - 0.7%
	800,000	g	1011778 BC / New Red Fin		6.000		04/01/22		829,752
	250,000		ADT Corp		6.250		10/15/21		267,125
	300,000	g	Aramark Services, Inc		4.750		06/01/26		294,000
	200,000	g	Boyd Gaming Corp		6.375		04/01/26		209,000
	550,000	g	International Game Technology		5.625		02/15/20		579,562
	500,000	g	International Game Technology		6.500		02/15/25		503,750
	1,600,000	g	Prime Security Services Borrower LLC		9.250		05/15/23		1,696,000
	1,775,000	g	SABMiller Holdings, Inc		3.750		01/15/22		1,903,457
	1,500,000		Scientific Games Corp		8.125		09/15/18		1,469,535
	1,200,000	g	Six Flags Entertainment Corp		4.875		07/31/24		1,185,000
	600,000		Speedway Motorsports, Inc		5.125		02/01/23		610,500
	6,600,000		Trustees of Dartmouth College		3.474		06/01/46		7,042,767
	3,350,000		Walt Disney Co		2.300		02/12/21		3,485,859
			TOTAL CONSUMER SERVICES						20,076,307
DIVERSIFIED FINANCIALS - 4.3%
	600,000		AerCap Ireland Capital Ltd		5.000		10/01/21		624,000
	1,500,000		American Express Centurion Bank		6.000		09/13/17		1,580,274
	1,550,000		American Express Credit Corp		2.250		05/05/21		1,578,009
	7,750,000	g,i	Armor Re Ltd		4.709		12/15/16		7,711,250
	580,000		Bank of New York Mellon Corp		5.450		05/15/19		644,748
	2,575,000		Bank of New York Mellon Corp		2.500		04/15/21		2,668,547
	2,525,000	g	Bayer US Finance LLC		2.375		10/08/19		2,581,143
	1,775,000	g	Bayer US Finance LLC		3.375		10/08/24		1,845,950
	1,000,000	g,i	BBVA Bancomer S.A.		5.350		11/12/29		987,500
	1,475,000		Credit Suisse		2.300		05/28/19		1,494,808
	2,575,000		Credit Suisse		3.000		10/29/21		2,637,879

9

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,525,000		Credit Suisse Group Funding Guernsey Ltd		3.800	%	09/15/22	$	1,531,794
	2,200,000	g	Credit Suisse Group Funding Guernsey Ltd		3.800		06/09/23		2,195,637
	1,650,000		Credit Suisse Group Funding Guernsey Ltd		3.750		03/26/25		1,615,700
	450,000	g	Dana Financing Luxembourg Sarl		6.500		06/01/26		438,188
	1,600,000		Ford Motor Credit Co LLC		4.250		02/03/17		1,625,568
	2,500,000		Ford Motor Credit Co LLC		3.000		06/12/17		2,535,553
	800,000		Ford Motor Credit Co LLC		6.625		08/15/17		844,434
	9,250,000		Ford Motor Credit Co LLC		2.597		11/04/19		9,463,490
	4,100,000		Ford Motor Credit Co LLC		3.200		01/15/21		4,223,771
	3,125,000		Ford Motor Credit Co LLC		3.336		03/18/21		3,244,588
	3,325,000		Ford Motor Credit Co LLC		4.134		08/04/25		3,566,624
	10,313,000	g	GE Capital International Funding Co		2.342		11/15/20		10,659,940
	825,000	g	GE Capital International Funding Co		4.418		11/15/35		925,466
	232,000		General Electric Capital Corp		6.875		01/10/39		350,395
	1,210,000		General Motors Financial Co, Inc		3.500		07/10/19		1,252,041
	750,000		General Motors Financial Co, Inc		3.200		07/13/20		759,871
	5,725,000		General Motors Financial Co, Inc		4.200		03/01/21		5,989,816
	4,550,000		General Motors Financial Co, Inc		3.200		07/06/21		4,563,172
	360,000		General Motors Financial Co, Inc		4.375		09/25/21		379,932
	1,400,000		General Motors Financial Co, Inc		3.700		05/09/23		1,409,107
	2,700,000		General Motors Financial Co, Inc		5.250		03/01/26		2,936,525
	4,650,000		Goldman Sachs Group, Inc		3.500		01/23/25		4,780,093
	600,000		Goldman Sachs Group, Inc		4.800		07/08/44		662,613
	1,910,000		Goldman Sachs Group, Inc		5.150		05/22/45		1,990,361
	1,075,000		Goldman Sachs Group, Inc		4.750		10/21/45		1,185,467
	2,000,000	g	GrupoSura Finance S.A.		5.500		04/29/26		2,085,000
	575,000	g	Hyundai Capital America		2.000		07/01/19		578,551
	1,100,000	g	Hyundai Capital America		2.600		03/19/20		1,119,851
	2,250,000	g	ICICI Bank Ltd		4.700		02/21/18		2,341,971
	3,250,000	g	ICICI Bank Ltd		4.000		03/18/26		3,304,161
	1,900,000		International Lease Finance Corp		5.875		08/15/22		2,056,750
	1,500,000	g	KOC Holding AS.		5.250		03/15/23		1,555,800
	350,000		Legg Mason, Inc		2.700		07/15/19		358,112
	475,000		Legg Mason, Inc		3.950		07/15/24		480,379
	250,000	g	Lincoln Finance Ltd		7.375		04/15/21		258,750
	2,650,000		Morgan Stanley		1.875		01/05/18		2,665,243
	400,000		Morgan Stanley		3.750		02/25/23		423,728
	5,475,000		Morgan Stanley		3.700		10/23/24		5,729,724
	1,975,000		Morgan Stanley		4.000		07/23/25		2,115,833
	1,050,000		Morgan Stanley		3.875		01/27/26		1,117,906
	3,225,000		Morgan Stanley		4.350		09/08/26		3,375,491
	2,000,000		Morgan Stanley		6.375		07/24/42		2,699,492
	4,500,000	g	Nacional Financiera SNC		3.375		11/05/20		4,585,500
	565,000		National Rural Utilities Cooperative Finance Corp		10.375		11/01/18		682,691
	1,500,000	g	Nederlandse Waterschapsbank NV		1.875		03/13/19		1,533,063
	1,000,000	g	Three Gorges Finance I Cayman Islands Ltd		2.300		06/02/21		1,013,770
1,650,000		g	UBS Group Funding Jersey Ltd		2.950		09/24/20		1,678,157
	2,875,000		Wells Fargo & Co		2.500		03/04/21		2,948,439
	3,525,000		Wells Fargo & Co		4.400		06/14/46		3,580,078
			TOTAL DIVERSIFIED FINANCIALS						141,772,694

10

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
ENERGY - 3.1%
$	4,350,000		Anadarko Petroleum Corp		4.850	%	03/15/21	$	4,614,128
	2,050,000		Anadarko Petroleum Corp		5.550		03/15/26		2,264,844
	600,000		Apache Corp		4.750		04/15/43		617,238
	300,000		Apache Corp		4.250		01/15/44		290,586
	500,000		Ashland, Inc		4.750		08/15/22		501,250
	3,050,000		BP Capital Markets plc		1.375		05/10/18		3,054,490
	3,400,000		BP Capital Markets plc		2.315		02/13/20		3,480,454
	1,325,000		BP Capital Markets plc		3.119		05/04/26		1,347,941
	104,000		California Resources Corp		5.000		01/15/20		54,860
	429,000	g	California Resources Corp		8.000		12/15/22		304,590
	58,000		California Resources Corp		6.000		11/15/24		28,420
	395,000		Calumet Specialty Products Partners LP		6.500		04/15/21		282,425
	90,000	g	Cheniere Corpus Christi Holdings LLC		7.000		06/30/24		92,419
	4,100,000		Chevron Corp		2.419		11/17/20		4,229,617
	2,050,000		Cimarex Energy Co		4.375		06/01/24		2,144,661
	1,875,000		Concho Resources, Inc		5.500		04/01/23		1,879,687
	800,000		Devon Energy Corp		5.000		06/15/45		746,767
	500,000		Dynegy, Inc		6.750		11/01/19		501,250
	575,000		Ecopetrol S.A.		5.875		09/18/23		592,250
	1,100,000		Ecopetrol S.A.		5.375		06/26/26		1,069,750
	480,000		Enbridge Energy Partners LP		5.200		03/15/20		503,630
	850,000		Enbridge Energy Partners LP		4.375		10/15/20		872,434
	1,650,000		Enbridge Energy Partners LP		5.875		10/15/25		1,825,583
	1,825,000		Enterprise Products Operating LLC		2.850		04/15/21		1,885,794
	2,250,000		Enterprise Products Operating LLC		3.750		02/15/25		2,347,783
	1,500,000		Enterprise Products Operating LLC		5.100		02/15/45		1,650,507
	1,250,000		EOG Resources, Inc		4.150		01/15/26		1,375,847
	675,000		EP Energy LLC		6.375		06/15/23		405,000
	1,425,000		Exterran Partners LP		6.000		10/01/22		1,261,125
	3,350,000		Exxon Mobil Corp		2.222		03/01/21		3,454,366
	3,500,000		Exxon Mobil Corp		3.043		03/01/26		3,705,796
	1,850,000		Exxon Mobil Corp		4.114		03/01/46		2,082,166
	1,500,000		Husky Energy, Inc		3.950		04/15/22		1,551,608
	1,000,000	g	Indo Energy Finance II BV		6.375		01/24/23		554,266
	1,250,000		Marathon Oil Corp		2.700		06/01/20		1,177,216
	1,200,000		Newfield Exploration Co		5.750		01/30/22		1,215,000
	518,000		Noble Energy, Inc		5.625		05/01/21		539,650
	300,000		Noble Energy, Inc		3.900		11/15/24		304,907
	350,000		Noble Energy, Inc		5.250		11/15/43		361,051
	500,000		Noble Energy, Inc		5.050		11/15/44		503,836
	3,395,000		Occidental Petroleum Corp		2.600		04/15/22		3,479,264
	825,000		Occidental Petroleum Corp		3.500		06/15/25		872,213
	1,715,000		Occidental Petroleum Corp		3.400		04/15/26		1,809,735
	2,150,000		ONE Gas, Inc		2.070		02/01/19		2,182,198
	700,000		ONE Gas, Inc		3.610		02/01/24		756,465
	200,000	g	Pacific Rubiales Energy Corp		5.375		01/26/19		37,000
	500,000	n	Peabody Energy Corp		6.000		11/15/18		64,688
	500,000		Pemex Project Funding Master Trust		6.625		06/15/35		515,500
	1,500,000	g	Pertamina Persero PT		4.300		05/20/23		1,524,941
	1,000,000	i	Petrobras Global Finance BV		2.768		01/15/19		903,500
	1,493,000		Petrobras Global Finance BV		3.000		01/15/19		1,383,265
	2,000,000		Petrobras Global Finance BV		4.875		03/17/20		1,875,000

11

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000		Petrobras Global Finance BV		8.375	%	05/23/21	$	1,032,000
	1,500,000		Petroleos Mexicanos		3.500		07/23/20		1,498,665
	2,050,000	g	Petroleos Mexicanos		6.375		02/04/21		2,228,965
	1,050,000		Petroleos Mexicanos		3.500		01/30/23		994,581
	800,000		Petroleos Mexicanos		4.250		01/15/25		770,400
	1,880,000		Petroleos Mexicanos		5.500		06/27/44		1,698,674
	1,075,000		Petroleos Mexicanos		5.625		01/23/46		979,863
	600,000		Petroleum Co of Trinidad & Tobago Ltd		6.000		05/08/22		579,000
	615,000		Pioneer Natural Resources Co		7.500		01/15/20		720,187
	2,125,000		Pioneer Natural Resources Co		3.450		01/15/21		2,194,445
	1,675,000		Pioneer Natural Resources Co		4.450		01/15/26		1,825,794
	1,250,000		Plains All American Pipeline LP		4.650		10/15/25		1,262,646
	525,000		Plains All American Pipeline LP		4.900		02/15/45		469,606
	625,000		Precision Drilling Corp		6.500		12/15/21		560,938
	468,000		Questar Market Resources, Inc		6.875		03/01/21		472,680
	1,000,000		Range Resources Corp		5.750		06/01/21		977,500
	530,000		Regency Energy Partners LP		5.875		03/01/22		562,843
	500,000		Sabine Pass Liquefaction LLC		6.250		03/15/22		512,500
	4,375,000		Shell International Finance BV		3.250		05/11/25		4,592,000
	2,875,000		Shell International Finance BV		4.000		05/10/46		2,934,426
	675,000		Statoil ASA		1.200		01/17/18		676,078
	1,700,000		Statoil ASA		2.450		01/17/23		1,721,763
	1,325,000		Statoil ASA		4.250		11/23/41		1,395,660
	450,000		Targa Resources Partners LP		5.000		01/15/18		457,875
	90,000		Tesoro Logistics LP		6.125		10/15/21		93,150
	90,000		Tesoro Logistics LP		6.375		05/01/24		94,275
	870,000		TransCanada PipeLines Ltd		5.850		03/15/36		1,000,880
	500,000		Vale Overseas Ltd		4.375		01/11/22		468,600
	480,000		Vale Overseas Ltd		6.875		11/21/36		441,600
	500,000		WPX Energy, Inc		6.000		01/15/22		465,000
			TOTAL ENERGY						104,761,555
FOOD & STAPLES RETAILING - 1.1%
	255,000	g	Albertsons Cos LLC		6.625		06/15/24		263,287
	4,825,000		CVS Health Corp		2.800		07/20/20		5,022,232
	4,100,000		CVS Health Corp		2.125		06/01/21		4,148,446
	4,484,000		CVS Health Corp		3.875		07/20/25		4,934,651
	4,100,000		CVS Health Corp		2.875		06/01/26		4,190,503
	790,000	g	Fresh Market, Inc		9.750		05/01/23		742,106
	1,600,000		Ingles Markets, Inc		5.750		06/15/23		1,620,000
	1,125,000		SYSCO Corp		2.500		07/15/21		1,149,729
	5,150,000		Walgreens Boots Alliance, Inc		2.700		11/18/19		5,321,583
	1,725,000		Walgreens Boots Alliance, Inc		2.600		06/01/21		1,753,438
	5,650,000		Walgreens Boots Alliance, Inc		3.800		11/18/24		5,988,740
	1,350,000		Walgreens Boots Alliance, Inc		3.450		06/01/26		1,387,936
	400,000		Walgreens Boots Alliance, Inc		4.650		06/01/46		426,908
			TOTAL FOOD & STAPLES RETAILING						36,949,559
FOOD, BEVERAGE & TOBACCO - 1.2%
	1,500,000	g	Anadolu Efes Biracilik Ve Malt Sanayii AS.		3.375		11/01/22		1,353,750
	3,350,000		Anheuser-Busch InBev Finance, Inc		2.650		02/01/21		3,471,468
	5,950,000		Anheuser-Busch InBev Finance, Inc		3.650		02/01/26		6,368,357

12

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	2,525,000		Anheuser-Busch InBev Finance, Inc		4.900	%	02/01/46	$	2,957,704
	1,450,000		Anheuser-Busch InBev Worldwide, Inc		2.500		07/15/22		1,472,540
	1,800,000	g	Corp Lindley S.A.		4.625		04/12/23		1,840,500
	1,000,000	g	Embotelladora Andina S.A.		5.000		10/01/23		1,097,160
	1,000,000		Fomento Economico Mexicano SAB de C.V.		2.875		05/10/23		999,365
	1,624,000	g	HJ Heinz Co		4.875		02/15/25		1,781,421
	900,000		Mead Johnson Nutrition Co		3.000		11/15/20		940,305
	6,770,000		Mondelez International, Inc		4.000		02/01/24		7,407,125
	78,000		PepsiCo, Inc		7.900		11/01/18		90,215
	975,000		PepsiCo, Inc		2.750		04/30/25		1,008,010
	1,450,000		PepsiCo, Inc		2.850		02/24/26		1,517,209
	4,485,000		PepsiCo, Inc		4.450		04/14/46		5,237,780
	468,000	g	Pernod-Ricard S.A.		5.750		04/07/21		539,322
	1,475,000	g	Pernod-Ricard S.A.		4.250		07/15/22		1,612,523
	1,200,000	g	Pernod-Ricard S.A.		3.250		06/08/26		1,228,825
	200,000		Philip Morris International, Inc		6.375		05/16/38		276,781
	100,000	g	TreeHouse Foods, Inc		6.000		02/15/24		106,680
			TOTAL FOOD, BEVERAGE & TOBACCO						41,307,040
HEALTH CARE EQUIPMENT & SERVICES - 1.0%
	600,000		Becton Dickinson & Co		1.750		11/08/16		601,380
	750,000		Covidien International Finance S.A.		3.200		06/15/22		800,374
	3,225,000		Express Scripts Holding Co		3.900		02/15/22		3,456,574
	1,950,000		Express Scripts Holding Co		4.500		02/25/26		2,143,409
	2,275,000		Express Scripts Holding Co		3.400		03/01/27		2,277,500
	185,000	g	Greatbatch Ltd		9.125		11/01/23		184,306
	2,700,000		HCA, Inc		6.500		02/15/20		2,993,625
	195,000	g	LifePoint Health, Inc		5.375		05/01/24		195,488
	2,075,000		McKesson Corp		4.883		03/15/44		2,367,915
	4,150,000		Medtronic, Inc		3.500		03/15/25		4,526,189
	4,725,000		Medtronic, Inc		4.625		03/15/45		5,560,092
	3,275,000		Stryker Corp		2.625		03/15/21		3,385,364
	1,275,000		Stryker Corp		3.375		11/01/25		1,338,665
	525,000		Thermo Fisher Scientific, Inc		2.400		02/01/19		534,130
	1,475,000		Thermo Fisher Scientific, Inc		3.300		02/15/22		1,535,482
	825,000		Thermo Fisher Scientific, Inc		3.150		01/15/23		843,283
	2,600,000		Zimmer Holdings, Inc		2.700		04/01/20		2,631,782
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						35,375,558
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	1,675,000		Colgate-Palmolive Co		4.000		08/15/45		1,927,052
	800,000		Ecolab, Inc		1.450		12/08/17		801,411
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						2,728,463
INSURANCE - 1.9%
	750,000		Aetna, Inc		1.500		11/15/17		753,433
	285,000		Aetna, Inc		6.625		06/15/36		380,174
	2,300,000		Aetna, Inc		4.375		06/15/46		2,381,142
	1,225,000		Allstate Corp		3.150		06/15/23		1,302,868
	1,225,000		Allstate Corp		4.500		06/15/43		1,425,176
	1,675,000		American International Group, Inc		2.300		07/16/19		1,704,369
	5,800,000		American International Group, Inc		3.300		03/01/21		6,046,245

13

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,800,000		Children’s Hospital Medic		4.268	%	05/15/44	$	2,009,360
	500,000		Chubb Corp		6.000		05/11/37		679,120
	235,000		Cigna Corp		5.125		06/15/20		260,791
	2,000,000		Cigna Corp		4.500		03/15/21		2,195,800
	1,275,000		Cigna Corp		3.250		04/15/25		1,302,384
	5,300,000	g	Five Corners Funding Trust		4.419		11/15/23		5,722,240
	1,275,000		Lincoln National Corp		7.000		06/15/40		1,642,835
	4,700,000		MetLife, Inc		4.368		09/15/23		5,205,259
	1,325,000		MetLife, Inc		4.050		03/01/45		1,306,204
	1,700,000	i	MetLife, Inc		5.250		12/30/49		1,687,250
	450,000		Principal Financial Group, Inc		1.850		11/15/17		452,464
	1,500,000		Progressive Corp		3.750		08/23/21		1,650,412
	630,000		Prudential Financial, Inc		7.375		06/15/19		730,900
	1,075,000		Prudential Financial, Inc		5.400		06/13/35		1,219,174
	1,375,000		Prudential Financial, Inc		5.100		08/15/43		1,524,243
	2,675,000	i	Prudential Financial, Inc		5.200		03/15/44		2,622,838
	2,500,000	i	Prudential Financial, Inc		5.375		05/15/45		2,528,125
	1,190,000	g	Prudential Funding LLC		6.750		09/15/23		1,447,033
	1,525,000	g	Swiss Re Treasury US Corp		2.875		12/06/22		1,544,605
	1,325,000	g	Swiss Re Treasury US Corp		4.250		12/06/42		1,382,562
	615,000		Travelers Cos, Inc		5.800		05/15/18		667,077
	350,000		Travelers Cos, Inc		3.750		05/15/46		366,652
	1,625,000		UnitedHealth Group, Inc		3.750		07/15/25		1,780,888
	1,500,000		UnitedHealth Group, Inc		3.100		03/15/26		1,573,817
	3,325,000		UnitedHealth Group, Inc		4.750		07/15/45		4,025,464
	3,000,000		WellPoint, Inc		3.125		05/15/22		3,104,103
	1,500,000		WellPoint, Inc		4.625		05/15/42		1,574,457
	410,000		WR Berkley Corp		5.375		09/15/20		454,356
			TOTAL INSURANCE						64,653,820
MATERIALS - 1.4%
	100,000		Alcoa, Inc		5.400		04/15/21		106,125
	125,000		Alcoa, Inc		5.125		10/01/24		124,687
	646,000		Barrick Gold Corp		4.100		05/01/23		683,029
	250,000		Berry Plastics Corp		6.000		10/15/22		258,437
	550,000		BHP Billiton Finance USA Ltd		5.000		09/30/43		636,170
	450,000	g	Blue Cube Spinco, Inc		9.750		10/15/23		520,875
	235,000	g	Blue Cube Spinco, Inc		10.000		10/15/25		271,425
	500,000		Celulosa Arauco y Constitucion S.A.		4.500		08/01/24		520,841
	1,000,000	g	Cemex SAB de C.V.		7.750		04/16/26		1,050,000
	800,000		Corning, Inc		1.450		11/15/17		799,586
	2,250,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.000		07/17/22		2,225,601
	1,425,000	g	Corp Nacional del Cobre de Chile-CODELCO		4.500		09/16/25		1,492,307
	550,000	g	Corp Nacional del Cobre de Chile-CODELCO		4.250		07/17/42		508,426
	1,815,000		Crown Americas LLC		4.500		01/15/23		1,851,300
	335,000		Eastman Chemical Co		5.500		11/15/19		370,872
	1,500,000		Eastman Chemical Co		3.800		03/15/25		1,586,051
	325,000	g	GCP Applied Technologies, Inc		9.500		02/01/23		363,188
	4,100,000	g	Georgia-Pacific LLC		2.539		11/15/19		4,198,814
	4,000,000	g	Glencore Funding LLC		2.500		01/15/19		3,845,000
	1,300,000	g	Glencore Funding LLC		4.625		04/29/24		1,215,500
	200,000	g	GTL Trade Finance, Inc		5.893		04/29/24		176,340

14

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	450,000		Hexion US Finance Corp		8.875	%	02/01/18	$	390,375
	1,450,000		Hexion US Finance Corp		6.625		04/15/20		1,212,635
	3,650,000		International Paper Co		4.750		02/15/22		4,055,522
	1,775,000		Kimberly-Clark Corp		2.750		02/15/26		1,864,316
	1,175,000	g	Klabin Finance S.A.		5.250		07/16/24		1,154,438
	1,000,000		LyondellBasell Industries NV		5.000		04/15/19		1,082,866
	1,350,000		Nucor Corp		4.000		08/01/23		1,442,295
	1,750,000	g	OCP S.A.		5.625		04/25/24		1,855,000
	720,000	g	Owens-Brockway Glass Container, Inc		5.875		08/15/23		756,302
	3,950,000		Packaging Corp of America		3.650		09/15/24		4,081,788
	3,045,000		Rock Tenn Co		3.500		03/01/20		3,143,670
	845,000	g	Sealed Air Corp		5.250		04/01/23		874,575
	300,000		Steel Dynamics, Inc		5.125		10/01/21		306,375
	1,025,000		Teck Resources Ltd		3.750		02/01/23		779,000
	1,000,000	g	Union Andina de Cementos SAA		5.875		10/30/21		1,013,500
	335,000	g	Univar, Inc		6.750		07/15/23		330,813
			TOTAL MATERIALS						47,148,044
MEDIA - 1.6%
	1,400,000		AMC Entertainment, Inc		5.875		02/15/22		1,407,000
	1,700,000		CBS Corp		2.300		08/15/19		1,726,163
	1,150,000		CBS Corp		4.000		01/15/26		1,228,079
	1,000,000	g	CCO Holdings LLC		5.875		04/01/24		1,042,500
	2,750,000	g	CCO Safari II LLC		3.579		07/23/20		2,875,227
	5,180,000	g	CCO Safari II LLC		4.464		07/23/22		5,577,166
	3,425,000	g	Charter Communications Operating LLC		4.908		07/23/25		3,732,897
	1,175,000		Cinemark USA, Inc		4.875		06/01/23		1,160,312
	4,775,000		Comcast Corp		4.250		01/15/33		5,272,555
	575,000	g	EMI Music Publishing Group North America Holdings, Inc		7.625		06/15/24		590,813
	90,000	g	Gannett Co, Inc		4.875		09/15/21		92,250
	150,000	g	Gannett Co, Inc		5.500		09/15/24		154,500
	600,000	g	Gray Television, Inc		5.875		07/15/26		604,500
	1,000,000		Grupo Televisa SAB		4.625		01/30/26		1,081,756
	875,000		Grupo Televisa SAB		5.000		05/13/45		840,396
	1,375,000	g	NBC Universal Enterprise, Inc		1.662		04/15/18		1,390,015
	1,475,000	g	NBC Universal Enterprise, Inc		1.974		04/15/19		1,507,935
	1,175,000		NBC Universal Media LLC		2.875		01/15/23		1,236,668
	125,000	g	Nielsen Finance LLC		5.000		04/15/22		127,500
	1,250,000		Outfront Media Capital LLC		5.250		02/15/22		1,268,750
	1,700,000		Scripps Networks Interactive, Inc		2.800		06/15/20		1,726,829
	500,000	g	Sirius XM Radio, Inc		5.375		07/15/26		492,500
	250,000		Time Warner Cable, Inc		5.875		11/15/40		272,401
	4,350,000		Time Warner, Inc		2.100		06/01/19		4,423,119
	5,000,000		Time Warner, Inc		3.600		07/15/25		5,293,260
	565,000		Time Warner, Inc		6.500		11/15/36		716,879
	1,500,000		Time Warner, Inc		4.650		06/01/44		1,577,753
	475,000	g	Time, Inc		5.750		04/15/22		446,500
	1,800,000	g	Univision Communications, Inc		5.125		05/15/23		1,786,500
	1,585,000		Viacom, Inc		2.500		12/15/16		1,591,874
	1,500,000		Viacom, Inc		5.850		09/01/43		1,504,818
	300,000	g	Virgin Media Finance plc		6.000		10/15/24		294,750
			TOTAL MEDIA						53,044,165

15

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.7%
$	4,325,000		AbbVie, Inc		2.500	%	05/14/20	$	4,427,412
	2,450,000		AbbVie, Inc		3.200		05/14/26		2,477,193
	1,725,000		Actavis Funding SCS		3.000		03/12/20		1,777,412
	4,750,000		Actavis Funding SCS		3.800		03/15/25		4,942,375
	1,650,000		Biogen, Inc		2.900		09/15/20		1,719,722
	1,850,000		Celgene Corp		2.875		08/15/20		1,913,318
	2,850,000		Celgene Corp		3.875		08/15/25		3,041,446
	1,675,000		Gilead Sciences, Inc		3.500		02/01/25		1,786,506
	2,275,000		Gilead Sciences, Inc		3.650		03/01/26		2,475,243
	4,125,000		Johnson & Johnson		1.650		03/01/21		4,197,831
	6,500,000		Johnson & Johnson		2.450		03/01/26		6,721,936
	1,000,000	g	Mylan NV		3.750		12/15/20		1,042,678
	1,725,000	g	Mylan NV		3.150		06/15/21		1,751,744
	725,000		Mylan, Inc		2.550		03/28/19		733,910
	8,075,000		Novartis Capital Corp		3.000		11/20/25		8,581,650
	3,350,000		Novartis Capital Corp		4.000		11/20/45		3,821,553
	650,000		Perrigo Finance plc		4.900		12/15/44		641,535
	1,300,000	g	Roche Holdings, Inc		2.625		05/15/26		1,345,354
	775,000		Zoetis, Inc		3.450		11/13/20		800,166
	825,000		Zoetis, Inc		4.500		11/13/25		910,282
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						55,109,266
REAL ESTATE - 1.2%
	450,000		Alexandria Real Estate Equities, Inc		3.950		01/15/27		465,709
	1,125,000		Brandywine Operating Partnership LP		4.100		10/01/24		1,146,886
	1,100,000		Brixmor Operating Partnership LP		3.875		08/15/22		1,130,256
	2,225,000		Brixmor Operating Partnership LP		3.850		02/01/25		2,238,512
	700,000		Brixmor Operating Partnership LP		4.125		06/15/26		718,743
	630,000		Camden Property Trust		4.625		06/15/21		692,138
	1,650,000		Camden Property Trust		2.950		12/15/22		1,668,640
	1,000,000		DCT Industrial Operating Partnership LP		4.500		10/15/23		1,059,561
	750,000		DDR Corp		3.625		02/01/25		752,576
	975,000		DDR Corp		4.250		02/01/26		1,022,666
	2,000,000		Developers Diversified Realty Corp		4.750		04/15/18		2,086,664
	425,000		Duke Realty LP		3.250		06/30/26		431,127
	600,000		Equity One, Inc		3.750		11/15/22		610,120
	850,000		Essex Portfolio LP		3.375		01/15/23		877,928
	500,000		Healthcare Realty Trust, Inc		5.750		01/15/21		561,135
	325,000		Healthcare Realty Trust, Inc		3.750		04/15/23		326,214
	1,675,000		Healthcare Realty Trust, Inc		3.875		05/01/25		1,686,023
	825,000		Healthcare Trust of America Holdings LP		3.375		07/15/21		847,898
	675,000		Healthcare Trust of America Holdings LP		3.700		04/15/23		692,010
	2,250,000		Highwoods Realty LP		5.850		03/15/17		2,313,704
	450,000		Host Hotels & Resorts LP		4.500		02/01/26		474,716
	675,000		Kimco Realty Corp		3.400		11/01/22		707,626
	1,200,000		Mid-America Apartments LP		4.300		10/15/23		1,291,117
	1,200,000		Mid-America Apartments LP		3.750		06/15/24		1,245,122
	1,050,000		Mid-America Apartments LP		4.000		11/15/25		1,106,151
	575,000		National Retail Properties, Inc		3.800		10/15/22		607,489
	1,075,000		National Retail Properties, Inc		3.300		04/15/23		1,091,087

16

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	625,000		National Retail Properties, Inc		4.000	%	11/15/25	$	663,476
	30,000		Regency Centers LP		5.875		06/15/17		31,181
	1,100,000		Regency Centers LP		3.900		11/01/25		1,157,983
	470,000		Simon Property Group LP		10.350		04/01/19		572,490
	825,000	g	Trust F/1401		5.250		12/15/24		846,038
	1,100,000	g	Trust F/1401		5.250		01/30/26		1,119,250
	400,000		Weingarten Realty Investors		3.375		10/15/22		407,911
	1,876,000		Weingarten Realty Investors		3.500		04/15/23		1,893,531
	475,000		Weingarten Realty Investors		4.450		01/15/24		505,190
	1,025,000		Weingarten Realty Investors		3.850		06/01/25		1,052,032
	3,350,000		Welltower, Inc		4.000		06/01/25		3,522,518
			TOTAL REAL ESTATE						39,623,418
RETAILING - 1.1%
	200,000	g	Argos Merger Sub, Inc		7.125		03/15/23		205,750
	175,000		Asbury Automotive Group, Inc		6.000		12/15/24		176,313
	1,667,000		AutoNation, Inc		5.500		02/01/20		1,820,592
	1,025,000		AutoNation, Inc		3.350		01/15/21		1,049,673
	3,200,000		AutoZone, Inc		2.500		04/15/21		3,259,094
	1,100,000		AutoZone, Inc		3.250		04/15/25		1,140,852
	145,000	g	Family Tree Escrow LLC		5.750		03/01/23		154,063
	2,175,000		Home Depot, Inc		2.000		04/01/21		2,234,125
	2,175,000		Home Depot, Inc		3.350		09/15/25		2,371,487
	1,275,000		Home Depot, Inc		3.000		04/01/26		1,355,747
	400,000	g	JC Penney Corp, Inc		5.875		07/01/23		403,000
	800,000		JD.com, Inc		3.125		04/29/21		785,599
	625,000		L Brands, Inc		6.875		11/01/35		632,813
	625,000		L Brands, Inc		6.750		07/01/36		624,606
	620,000		Men’s Wearhouse, Inc		7.000		07/01/22		520,800
	1,660,000		O’Reilly Automotive, Inc		4.625		09/15/21		1,832,980
	5,613,000		O’Reilly Automotive, Inc		3.800		09/01/22		6,044,707
	650,000		O’Reilly Automotive, Inc		3.550		03/15/26		681,861
	715,000		Penske Automotive Group, Inc		5.500		05/15/26		679,250
	1,250,000	g	Rolls-Royce plc		2.375		10/14/20		1,283,999
	450,000	g	Rolls-Royce plc		3.625		10/14/25		477,852
	5,950,000		Target Corp		2.500		04/15/26		6,103,724
	2,900,000		Target Corp		3.625		04/15/46		2,975,823
			TOTAL RETAILING						36,814,710
SOFTWARE & SERVICES - 0.8%
	2,500,000		Fidelity National Information Services, Inc		3.625		10/15/20		2,642,405
	9,600,000		Fidelity National Information Services, Inc		5.000		03/15/22		10,002,720
	500,000	g	First Data Corp		7.000		12/01/23		507,500
	1,675,000		Microsoft Corp		3.125		11/03/25		1,793,371
	325,000		NCR Corp		5.875		12/15/21		329,875
	300,000	g	Open Text Corp		5.625		01/15/23		303,750
	575,000	g	Open Text Corp		5.875		06/01/26		577,875
	3,500,000	h	Oracle Corp		1.900		09/15/21		3,513,615
	3,500,000	h	Oracle Corp		2.650		07/15/26		3,504,000
	3,500,000	h	Oracle Corp		4.000		07/15/46		3,526,509
	275,000		SS&C Technologies Holdings, Inc		5.875		07/15/23		279,813
			TOTAL SOFTWARE & SERVICES						26,981,433

17

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
TECHNOLOGY HARDWARE & EQUIPMENT - 0.6%
$	2,275,000		Amphenol Corp		3.125	%	09/15/21	$	2,351,961
	3,400,000		Apple, Inc		2.250		02/23/21		3,498,549
	2,775,000		Apple, Inc		3.250		02/23/26		2,948,596
	1,100,000		Apple, Inc		4.650		02/23/46		1,239,269
	100,000		CC Holdings GS V LLC		2.381		12/15/17		101,299
	725,000	g	CommScope, Inc		5.000		06/15/21		740,587
	725,000	g	CommScope, Inc		5.500		06/15/24		735,875
	225,000	g	Diamond Finance Corp		5.875		06/15/21		230,599
	225,000	g	Diamond Finance Corp		7.125		06/15/24		235,067
	415,000		General Electric Co		5.250		12/06/17		439,971
	725,000	g	NXP BV		4.625		06/01/23		737,688
	175,000	g	Sensata Technologies BV		5.625		11/01/24		181,671
	2,793,000		Tyco Electronics Group S.A.		2.375		12/17/18		2,834,342
	3,000,000		Tyco Electronics Group S.A.		3.500		02/03/22		3,170,562
	525,000		Tyco Electronics Group S.A.		3.700		02/15/26		553,697
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						19,999,733
TELECOMMUNICATION SERVICES - 1.7%
	1,000,000		Alibaba Group Holding Ltd		2.500		11/28/19		1,011,690
	2,525,000		American Tower Corp		3.300		02/15/21		2,634,353
	975,000		American Tower Corp		3.500		01/31/23		1,009,025
	600,000		American Tower Corp		4.400		02/15/26		651,739
	1,000,000		American Tower Corp		3.375		10/15/26		1,005,742
	2,450,000		AT&T, Inc		2.450		06/30/20		2,501,572
	2,950,000		AT&T, Inc		2.625		12/01/22		2,954,098
	3,050,000		AT&T, Inc		4.450		04/01/24		3,340,339
	6,900,000		AT&T, Inc		3.400		05/15/25		7,061,398
	3,500,000		AT&T, Inc		4.125		02/17/26		3,759,847
	3,275,000		AT&T, Inc		4.500		05/15/35		3,346,595
	1,175,000		AT&T, Inc		4.750		05/15/46		1,204,312
	1,500,000	g	Bharti Airtel International Netherlands BV		5.125		03/11/23		1,620,936
	720,000		Crown Castle International Corp		3.400		02/15/21		751,709
	980,000		Crown Castle International Corp		4.875		04/15/22		1,076,236
	250,000	g	Deutsche Telekom International Finance BV		2.250		03/06/17		251,657
	630,000		Deutsche Telekom International Finance BV		8.750		06/15/30		949,266
	1,000,000	g	ENTEL Chile S.A.		4.875		10/30/24		1,019,194
	750,000	g	Oi S.A.		5.750		02/10/22		119,925
	500,000		Orange S.A.		5.500		02/06/44		629,815
	1,900,000		T-Mobile USA, Inc		6.731		04/28/22		1,997,945
	425,000		T-Mobile USA, Inc		6.375		03/01/25		444,125
	1,000,000	g	Turk Telekomunikasyon AS.		4.875		06/19/24		997,530
	1,925,000		Verizon Communications, Inc		3.450		03/15/21		2,062,718
	1,150,000		Verizon Communications, Inc		4.150		03/15/24		1,268,413
	6,000,000		Verizon Communications, Inc		4.400		11/01/34		6,190,152
	8,322,000		Verizon Communications, Inc		4.272		01/15/36		8,507,140
			TOTAL TELECOMMUNICATION SERVICES						58,367,471
TRANSPORTATION - 1.3%
	1,275,000	g	Adani Ports & Special Economic Zone Ltd		3.500		07/29/20		1,268,267
	1,635,000	g	Asciano Finance Ltd		5.000		04/07/18		1,689,298

18

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	900,000	g	Bombardier, Inc		5.500	%	09/15/18	$	891,000
	2,350,000		Canadian Pacific Railway Co		2.900		02/01/25		2,387,478
	775,000		Canadian Pacific Railway Co		4.800		08/01/45		894,131
	2,660,000		CSX Corp		3.350		11/01/25		2,828,309
	1,750,000	g	ERAC USA Finance LLC		2.600		12/01/21		1,778,730
	700,000	g	ERAC USA Finance LLC		3.300		10/15/22		728,575
	1,000,000	g	ERAC USA Finance LLC		3.300		12/01/26		1,027,130
	750,000	g	ERAC USA Finance LLC		5.625		03/15/42		909,895
	1,400,000		FedEx Corp		3.250		04/01/26		1,458,650
	1,262,000		GATX Corp		1.250		03/04/17		1,260,284
	4,240,000		GATX Corp		2.500		03/15/19		4,288,213
	1,450,000		GATX Corp		2.500		07/30/19		1,464,771
	1,150,000		GATX Corp		3.250		03/30/25		1,121,652
	1,175,000		GATX Corp		5.200		03/15/44		1,218,105
	1,700,000		GATX Corp		4.500		03/30/45		1,558,303
	6,000,000	g	Kansas City Southern		2.350		05/15/20		5,996,832
	2,225,000	g	Kansas City Southern		4.950		08/15/45		2,500,239
	1,000,000	g	Latam Airlines Group S.A.		7.250		06/09/20		968,750
	2,500,000		Norfolk Southern Corp		4.450		06/15/45		2,756,940
	375,000		Northrop Grumman Corp		1.750		06/01/18		378,589
	900,000	g	Transnet SOC Ltd		4.000		07/26/22		853,326
	1,750,000	g	TTX Co		3.600		01/15/25		1,830,671
			TOTAL TRANSPORTATION						42,058,138
UTILITIES - 3.7%
	3,025,000	g	Abu Dhabi National Energy Co PJSC		3.625		06/22/21		3,169,292
	73,000	i	AES Corp		3.673		06/01/19		72,817
	485,000		AES Corp		7.375		07/01/21		546,837
	1,000,000		AES Corp		4.875		05/15/23		987,500
	2,075,000		AGL Capital Corp		3.875		11/15/25		2,229,913
	1,250,000		AGL Capital Corp		4.400		06/01/43		1,279,396
	1,000,000		Alabama Power Co		3.550		12/01/23		1,092,823
	725,000		Alabama Power Co		4.150		08/15/44		793,673
	2,000,000		American Electric Power Co, Inc		2.950		12/15/22		2,082,286
	450,000		AmeriGas Finance LLC		3.750		05/01/21		465,075
	875,000		AmeriGas Partners LP		5.625		05/20/24		881,562
	1,325,000		AmeriGas Partners LP		5.875		08/20/26		1,328,312
	775,000		Atmos Energy Corp		8.500		03/15/19		913,663
	1,075,000		Black Hills Corp		4.250		11/30/23		1,172,835
	1,515,000		Carolina Power & Light Co		5.300		01/15/19		1,668,048
	225,000		Carolina Power & Light Co		5.700		04/01/35		284,650
	159,000		CenterPoint Energy Resources Corp		4.500		01/15/21		172,547
	660,000		CenterPoint Energy Resources Corp		6.250		02/01/37		779,150
	1,125,000		CMS Energy Corp		3.600		11/15/25		1,195,202
	2,250,000	g	Comision Federal de Electricidad		4.875		05/26/21		2,399,062
	1,800,000	g	Comision Federal de Electricidad		4.875		01/15/24		1,890,000
	395,000		Commonwealth Edison Co		5.900		03/15/36		526,383
	415,000		Connecticut Light & Power Co		5.500		02/01/19		459,178
	1,850,000		Consolidated Edison Co of New York, Inc		4.500		12/01/45		2,104,234
	1,750,000		Consolidated Edison Co of New York, Inc		3.850		06/15/46		1,813,110
	1,200,000		Consolidated Edison, Inc		2.000		05/15/21		1,212,718
	1,575,000	g	Diamond Finance Corp		3.480		06/01/19		1,613,446

19

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	3,375,000	g	Diamond Finance Corp		4.420	%	06/15/21	$	3,468,842
	2,825,000		Dominion Gas Holdings LLC		4.600		12/15/44		2,942,319
	260,000		Duke Energy Carolinas LLC		4.300		06/15/20		289,275
	10,500,000		Duke Energy Florida Project Finance LLC		1.196		03/01/20		10,507,686
	5,000,000		Duke Energy Florida Project Finance LLC		1.731		09/01/22		5,082,720
	650,000		Duke Energy Ohio, Inc		3.800		09/01/23		717,523
	3,400,000	g	Electricite de France S.A.		2.350		10/13/20		3,474,701
	3,400,000	g	Electricite de France S.A.		3.625		10/13/25		3,547,689
	1,500,000	g,i	Electricite de France S.A.		5.625		12/30/49		1,428,750
	1,300,000	g	Empresa Electrica Angamos S.A.		4.875		05/25/29		1,277,858
	1,075,000	g	Eskom Holdings SOC Ltd		5.750		01/26/21		1,065,863
	550,000		Ferrellgas Partners LP		6.750		01/15/22		500,500
	1,250,000	g	FirstEnergy Transmission LLC		4.350		01/15/25		1,322,123
	335,000		Florida Power Corp		6.400		06/15/38		477,477
	1,000,000	g	Golden Legacy Pte Ltd		8.250		06/07/21		1,019,034
	630,000		Indiana Michigan Power Co		7.000		03/15/19		715,775
	900,000		Indiana Michigan Power Co		4.550		03/15/46		1,000,946
	555,000		Integrys Energy Group, Inc		4.170		11/01/20		610,191
	195,000	g	Kansas Gas & Electric		6.700		06/15/19		223,835
	775,000		Kinder Morgan, Inc		9.000		02/01/19		882,544
	750,000	g	Korea Hydro & Nuclear Power Co Ltd		2.375		10/28/19		762,785
	4,030,000		LG&E and KU Energy LLC		3.750		11/15/20		4,328,365
	945,000		MPLX LP		4.000		02/15/25		858,784
	630,000		Nevada Power Co		6.500		08/01/18		698,104
	700,000		NiSource Finance Corp		4.800		02/15/44		803,371
	1,025,000		Northeast Utilities		1.450		05/01/18		1,026,429
	900,000		NRG Energy, Inc		6.250		05/01/24		856,692
	1,000,000		NTPC Ltd		5.625		07/14/21		1,134,291
	1,450,000		Oncor Electric Delivery Co LLC		2.150		06/01/19		1,473,457
	150,000		Oncor Electric Delivery Co LLC		7.250		01/15/33		213,446
	925,000		Oncor Electric Delivery Co LLC		3.750		04/01/45		949,013
	2,750,000		Pacific Gas & Electric Co		4.250		03/15/46		3,057,964
	1,800,000	g	Perusahaan Gas Negara Persero Tbk PT		5.125		05/16/24		1,876,077
	1,375,000	g	Perusahaan Listrik Negara PT		5.500		11/22/21		1,496,028
	135,000		Potomac Electric Power Co		7.900		12/15/38		211,876
	3,875,000		PPL Capital Funding, Inc		4.200		06/15/22		4,223,115
	1,225,000		PPL Capital Funding, Inc		3.100		05/15/26		1,238,964
	1,000,000		PPL Electric Utilities Corp		3.000		09/15/21		1,064,488
	565,000		Progress Energy, Inc		7.050		03/15/19		644,892
	1,780,000		Public Service Co of Oklahoma		5.150		12/01/19		1,980,740
	440,000		Public Service Electric & Gas Co		5.300		05/01/18		472,746
	700,000		Public Service Electric & Gas Co		3.800		03/01/46		759,991
	1,500,000		QEP Resources, Inc		5.375		10/01/22		1,398,750
	1,150,000		Sempra Energy		2.875		10/01/22		1,176,613
	1,750,000		Southern Co		4.400		07/01/46		1,882,477
	1,925,000		Southern Power Co		4.150		12/01/25		2,082,619
	1,000,000	g	SP PowerAssets Ltd		3.250		11/24/25		1,070,590
	1,700,000		Spectra Energy Partners LP		4.500		03/15/45		1,729,165
	550,000	g	Transportadora de Gas del Peru S.A.		4.250		04/30/28		549,313
	950,000	g	Transurban Finance Co Pty Ltd		4.125		02/02/26		1,009,722
	845,000		Virginia Electric & Power Co		2.950		01/15/22		890,297
	2,300,000		Virginia Electric & Power Co		3.150		01/15/26		2,429,518

20

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	375,000	h	Western Gas Partners LP		4.650	%	07/01/26	$	373,973
	850,000		Williams Partners LP		3.600		03/15/22		804,752
	825,000		Williams Partners LP		4.500		11/15/23		791,544
	1,000,000		Wisconsin Power & Light Co		4.100		10/15/44		1,086,824
	470,000		Xcel Energy, Inc		4.800		09/15/41		540,513
			TOTAL UTILITIES						121,637,651
			TOTAL CORPORATE BONDS						1,194,734,654
			(Cost $1,149,547,461)
GOVERNMENT BONDS -  39.8%
AGENCY SECURITIES - 0.6%
	3,311,494		AMAL Ltd		3.465		08/21/21		3,493,030
	4,500,000		Amber Circle Funding Ltd		3.250		12/04/22		4,699,710
	10,325,000		Private Export Funding Corp (PEFCO)		2.250		03/15/20		10,709,586
	234,063		Totem Ocean Trailer Express, Inc		4.514		12/18/19		246,846
	1,775,000		UNM Sandoval Regional Medical Center		4.500		07/20/36		1,883,612
			TOTAL AGENCY SECURITIES						21,032,784
FOREIGN GOVERNMENT BONDS - 4.0%
	2,000,000	g	Abu Dhabi Government International Bond		3.125		05/03/26		2,060,240
	1,375,000	g	Argentine Republic Government International Bond		6.875		04/22/21		1,467,812
	1,065,000	g	Banque Centrale de Tunisie S.A.		5.750		01/30/25		961,162
	977,000		Banque Centrale de Tunisie S.A.		8.250		09/19/27		994,039
	2,075,000	g	Brazil Minas SPE via State of Minas Gerais		5.333		02/15/28		1,851,938
BRL	4,650,000		Brazil Notas do Tesouro Nacional Serie F		10.000		01/01/21		1,352,516
$	1,670,000		Brazilian Government International Bond		7.125		01/20/37		1,882,925
	1,500,000	g	Caisse d’Amortissement de la Dette Sociale		1.500		01/28/19		1,514,007
	700,000	g	Caisse d’Amortissement de la Dette Sociale		1.875		07/28/20		712,905
	2,575,000		Colombia Government International Bond		2.625		03/15/23		2,491,312
	1,000,000		Colombia Government International Bond		4.500		01/28/26		1,065,000
	1,500,000	g	Costa Rica Government International Bond		7.158		03/12/45		1,500,000
	2,900,000	g	Croatia Government International Bond		6.375		03/24/21		3,163,755
DOP	63,500,000	g	Dominican Republic International Bond		10.000		01/05/17		1,384,851
$	675,000	g,h	Dominican Republic International Bond		6.875		01/29/26		745,875
	480,000	g	Dominican Republic International Bond		7.450		04/30/44		528,000
	1,700,000	g	Ecuador Government International Bond		10.500		03/24/20		1,683,000
	1,450,000	g	Egypt Government International Bond		5.875		06/11/25		1,268,750
	395,000		European Investment Bank		4.875		02/15/36		532,089
	4,500,000	g	Export-Import Bank of China		2.500		07/31/19		4,606,884
	1,500,000	g	Export-Import Bank of China		2.850		09/16/20		1,540,998
	10,000,000		Export-Import Bank of Korea		2.250		01/21/20		10,152,180
	4,500,000		Export-Import Bank of Korea		2.625		05/26/26		4,581,572
	2,575,000	g	Guatemala Government Bond		4.500		05/03/26		2,620,063
	2,730,000		Hungary Government International Bond		5.750		11/22/23		3,107,832
	1,500,000	g	Indonesia Government International Bond		3.375		04/15/23		1,508,144
	1,240,000		Israel Government International Bond		4.500		01/30/43		1,388,602
	1,205,000		Italy Government International Bond		6.875		09/27/23		1,511,070
	1,050,000	g,i	Ivory Coast Government International Bond (Step Bond)		5.750		12/31/32		977,718
	4,000,000		Japan Bank for International Cooperation		2.375		04/20/26		4,177,780
	1,500,000	g	Japan Finance Organization for Municipalities		2.125		02/12/21		1,517,492

21

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,280,000	g	Japan Finance Organization for Municipalities		2.125	%	04/13/21	$	1,301,318
	2,650,000	g	Kazakhstan Government International Bond		6.500		07/21/45		3,079,671
	3,000,000	g,i	Kommunalbanken AS.		0.816		02/20/18		2,995,068
	1,000,000	g	Kommuninvest I Sverige AB		2.000		11/12/19		1,027,314
	750,000		Korea Development Bank		2.500		03/11/20		771,630
	2,250,000		Korea Development Bank		3.000		01/13/26		2,371,156
	2,698,000		Landwirtschaftliche Rentenbank		2.000		01/13/25		2,765,196
	1,000,000	g	Lithuania Government International Bond		6.625		02/01/22		1,207,864
MXN	19,270,000		Mexican Bonos		8.000		12/07/23		1,198,072
	39,000,000		Mexican Bonos		10.000		11/20/36		2,997,453
$	1,800,000		Mexico Government International Bond		4.000		10/02/23		1,937,250
	1,450,000		Mexico Government International Bond		4.750		03/08/44		1,562,375
	400,000	g	Morocco Government International Bond		5.500		12/11/42		432,000
	2,825,000	g	Namibia International Bonds		5.250		10/29/25		2,878,110
	1,343,000	g	Nigeria Government International Bond		6.375		07/12/23		1,292,772
	1,000,000	g	Pakistan Government International Bond		8.250		09/30/25		1,056,570
	2,500,000		Panama Government International Bond		4.000		09/22/24		2,687,500
	1,125,000		Panama Government International Bond		3.875		03/17/28		1,192,500
	1,500,000		Panama Government International Bond		4.300		04/29/53		1,541,250
	1,800,000		Peruvian Government International Bond		4.125		08/25/27		1,980,000
	1,300,000		Peruvian Government International Bond		8.750		11/21/33		2,047,500
	620,000		Province of Quebec Canada		7.500		09/15/29		940,830
	1,500,000	g	Provincia de Mendoza Argentina		8.375		05/19/24		1,552,500
	1,925,000	g	Qatar Government International Bond		3.250		06/02/26		1,963,500
	900,000	g	Republic of Angola		9.500		11/12/25		891,180
	1,500,000	g	Republic of Ghana		8.125		01/18/26		1,288,200
	1,400,000	g	Republic of Paraguay		6.100		08/11/44		1,515,500
	600,000	g	Republic of Serbia		4.875		02/25/20		618,696
RUB	38,000,000		Russian Federal Bond - OFZ		7.000		08/16/23		555,029
$	1,900,000	g	Russian Foreign Bond - Eurobond		4.875		09/16/23		2,072,406
	400,000	g	Russian Foreign Bond - Eurobond		5.625		04/04/42		452,352
ZAR	29,500,000		South Africa Government Bond		8.250		09/15/17		2,018,811
$	1,175,000		South Africa Government International Bond		5.500		03/09/20		1,269,000
	2,000,000		South Africa Government International Bond		5.875		09/16/25		2,227,000
	1,500,000	g	Southern Gas Corridor CJSC		6.875		03/24/26		1,616,250
	1,550,000	g	Sri Lanka Government International Bond		6.850		11/03/25		1,509,867
	750,000		Turkey Government International Bond		5.625		03/30/21		817,500
	2,500,000		Turkey Government International Bond		3.250		03/23/23		2,421,875
	275,000		Turkey Government International Bond		5.750		03/22/24		306,655
	3,175,000		Turkey Government International Bond		4.875		10/09/26		3,343,402
	1,500,000		Turkey Government International Bond		6.625		02/17/45		1,821,627
	1,025,000		Uruguay Government International Bond		4.375		10/27/27		1,091,625
	1,000,000		Uruguay Government International Bond		5.100		06/18/50		1,000,000
	400,000	g	Zambia Government International Bond		8.970		07/30/27		346,040
			TOTAL FOREIGN GOVERNMENT BONDS						134,812,925
MORTGAGE BACKED - 22.1%
	7,318,878		Federal Home Loan Mortgage Corp (FHLMC)		3.500		09/15/41		7,688,522
	3,018,676		FHLMC		3.000		12/15/41		3,163,577
	11,261,496		FHLMC		3.000		09/15/42		11,682,426
	2,455,238	i	FHLMC		0.792		07/15/45		2,447,392
	5,386		Federal Home Loan Mortgage Corp Gold (FGLMC)		7.000		10/01/20		5,691

22

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	215		FGLMC		6.500	%	10/01/28	$	247
	5,745		FGLMC		6.500		01/01/29		6,600
	1,892		FGLMC		6.500		03/01/29		2,233
	27,481		FGLMC		6.500		07/01/29		31,572
	1,278		FGLMC		8.000		01/01/31		1,487
	10,261		FGLMC		6.500		09/01/31		12,288
	29,378		FGLMC		8.000		09/01/31		34,455
	123,566		FGLMC		7.000		12/01/31		143,781
	152,435		FGLMC		4.500		07/01/33		166,883
	489,422		FGLMC		5.000		09/01/33		548,784
	213,954		FGLMC		5.500		09/01/33		243,969
	215,529		FGLMC		5.500		09/01/33		245,503
	316,004		FGLMC		5.500		10/01/33		360,199
	416,631		FGLMC		5.500		12/01/33		471,454
	980,209		FGLMC		7.000		12/01/33		1,186,306
	230,036		FGLMC		5.000		01/01/34		257,496
	348,155		FGLMC		4.500		04/01/35		380,644
	347,692		FGLMC		7.000		05/01/35		419,052
	59,474		FGLMC		5.000		02/01/36		66,072
	1,334		FGLMC		6.500		05/01/36		1,533
	278,760		FGLMC		5.000		04/01/38		311,592
	257,917		FGLMC		5.000		07/01/39		284,577
	2,674,703	w	FGLMC		4.500		11/01/40		2,994,950
	2,958,780	w	FGLMC		4.500		12/01/40		3,311,892
	261,699		FGLMC		4.500		11/01/44		290,827
	317,728		FGLMC		4.500		11/01/44		352,661
	112,010		FGLMC		4.500		12/01/44		122,767
	202,306		FGLMC		4.500		12/01/44		224,838
	1,870,969		FGLMC		3.500		04/01/45		2,000,933
	5,711,757		FGLMC		3.500		07/01/45		6,051,411
	13,852,427		FGLMC		3.500		10/01/45		14,801,935
	12,351,390		FGLMC		4.000		12/01/45		13,454,236
	10,552,576		FGLMC		3.500		03/01/46		11,276,678
	1,967,128		FGLMC		4.000		05/01/46		2,135,973
	4,942,279		FGLMC		3.500		06/01/46		5,235,909
	607		Federal National Mortgage Association (FNMA)		8.000		07/01/24		719
	442		FNMA		7.500		01/01/29		510
	1,211		FNMA		6.500		04/01/29		1,394
	10,420		FNMA		7.500		07/01/29		10,757
	528		FNMA		7.500		02/01/31		551
	2,380		FNMA		7.500		03/01/31		2,979
	728		FNMA		7.500		05/01/31		737
	13,000,000	h	FNMA		2.500		07/25/31		13,449,922
	17,000,000	g,h	FNMA		3.000		07/25/31		17,824,434
	15,000,000	h	FNMA		2.500		08/25/31		15,495,703
	22,000,000	h	FNMA		3.000		08/25/31		23,042,852
	735		FNMA		6.500		09/01/31		846
	7,000,000	h	FNMA		2.500		09/25/31		7,218,203
	10,388		FNMA		6.500		11/01/31		12,316
	171,186		FNMA		6.500		07/01/32		201,968
	22,226		FNMA		4.500		03/25/33		22,350

23

TIAA-CREF FUNDS - Bond Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	2,421,480	FNMA		5.000	%	06/01/33	$	2,697,559
	4,192,612	FNMA		5.000		10/01/33		4,679,157
	1,803,577	FNMA		5.500		03/01/34		2,046,741
	20,756	FNMA		6.000		11/01/34		23,708
	2,475,125	FNMA		5.000		05/01/35		2,756,557
	1,838,174	FNMA		5.000		10/01/35		2,044,832
	13,889	FNMA		5.000		11/01/35		14,830
	984,702	FNMA		5.000		02/01/36		1,095,789
	6,168,193	FNMA		3.500		03/01/36		6,565,601
	8,200,266	FNMA		3.500		04/01/36		8,728,600
	2,484,981	FNMA		3.500		05/01/36		2,645,092
	5,946,828	FNMA		4.000		06/01/36		6,439,795
	706,514	FNMA		5.500		08/01/37		801,492
	201,294	FNMA		6.000		09/01/37		234,960
	1,871,809	FNMA		5.500		04/01/38		2,107,547
	856,479	FNMA		5.500		11/01/38		1,003,756
	45,998	FNMA		4.500		04/01/39		51,517
	964,822	FNMA		4.500		05/01/39		1,067,421
	146,184	FNMA		4.000		07/01/39		158,593
	776,884	FNMA		5.500		08/01/39		890,690
	357,266	FNMA		4.500		10/01/39		390,726
	68,793	FNMA		4.500		02/01/40		75,062
	2,202,478	FNMA		4.500		03/01/40		2,435,725
	392,365	FNMA		4.500		06/01/40		429,822
	600,332	FNMA		5.000		08/01/40		668,293
	1,263,669	FNMA		5.000		09/01/40		1,406,941
	24,426	FNMA		6.000		10/01/40		27,951
	195,763	FNMA		4.500		11/01/40		218,157
	320,777	FNMA		4.500		01/01/41		350,037
	5,642,251	FNMA		4.500		01/01/41		6,291,335
	275,706	FNMA		4.500		02/01/41		308,970
	1,557,303	FNMA		5.000		05/01/41		1,734,929
	317,116	FNMA		4.500		06/01/41		355,379
	344,899	FNMA		4.500		06/01/41		384,315
	1,732,798	FNMA		5.000		07/01/41		1,931,493
	964,403	FNMA		4.500		09/01/41		1,067,561
	878,935	FNMA		4.500		11/01/41		963,680
	319,800	FNMA		4.500		12/01/41		356,472
	8,757,340	FNMA		5.500		12/01/41		10,151,035
	349,246	FNMA		4.500		01/01/42		389,247
	829,337	FNMA		4.500		01/01/42		922,760
	1,454,764	FNMA		3.500		02/01/42		1,553,117
	2,507,442	FNMA		4.500		02/01/42		2,748,382
	298,158	FNMA		4.500		03/01/42		334,060
	6,740,003	FNMA		3.000		03/25/42		7,038,717
	357,661	FNMA		4.500		04/01/42		398,541
	1,408,166	FNMA		4.500		04/01/42		1,542,993
	395,864	FNMA		4.500		06/01/42		441,334
	3,546,261	FNMA		4.500		06/01/42		3,880,195
	5,776,165	FNMA		3.000		06/25/42		6,037,618
	13,235,480	FNMA		3.500		07/01/42		14,130,366
	322,706	FNMA		4.500		07/01/42		361,561

24

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,841,412	i	FNMA		0.953	%	08/25/42	$	1,844,523
	38,845		FNMA		3.000		10/01/42		40,400
	335,296		FNMA		3.000		10/01/42		348,708
	1,724,294	i	FNMA		0.853		11/25/42		1,723,776
	6,473,415		FNMA		3.500		11/25/42		1,012,129
	4,452,455	w	FNMA		3.000		01/01/43		4,630,490
	5,668,069	w	FNMA		3.000		02/01/43		5,894,812
	3,862,014		FNMA		3.000		02/25/43		4,059,419
	1,126,817	i	FNMA		0.803		03/25/43		1,121,559
	2,471		FNMA		3.000		04/01/43		2,570
	3,825,157		FNMA		3.000		08/25/43		4,028,854
	1,641,673		FNMA		3.500		09/01/43		1,735,410
	2,482,943		FNMA		4.000		04/01/44		2,691,959
	841,726		FNMA		4.000		06/01/44		913,106
	1,024,392		FNMA		4.000		06/01/44		1,111,726
	1,995,408		FNMA		4.500		06/01/44		2,230,080
	7,202,378		FNMA		4.500		06/01/44		8,047,942
	285,708		FNMA		4.000		07/01/44		309,828
	939,940		FNMA		4.000		07/01/44		1,019,732
	393,921		FNMA		4.000		08/01/44		427,191
	1,752,659		FNMA		4.000		08/01/44		1,901,419
	1,412,870		FNMA		4.000		08/01/44		1,532,816
	2,943,954		FNMA		4.000		08/01/44		3,193,880
	4,366,161		FNMA		4.500		08/01/44		4,878,294
	232,178		FNMA		4.000		09/01/44		251,920
	270,041		FNMA		4.000		09/01/44		292,737
	1,049,791		FNMA		4.000		10/01/44		1,138,908
	5,705,644		FNMA		4.500		10/01/44		6,375,531
	4,333,260		FNMA		4.500		11/01/44		4,842,221
	1,887,013		FNMA		4.000		12/01/44		2,035,273
	2,722,142		FNMA		4.000		12/01/44		2,973,640
	955,911		FNMA		4.500		12/01/44		1,068,229
	2,075,543		FNMA		4.000		01/01/45		2,267,448
	575,274		FNMA		3.500		03/01/45		615,530
	807,542		FNMA		3.500		03/01/45		862,035
	345,971		FNMA		3.500		03/01/45		370,148
	553,668		FNMA		3.500		03/01/45		591,033
	256,183		FNMA		3.500		04/01/45		273,468
	1,121,363		FNMA		3.500		04/01/45		1,197,041
	3,609,839		FNMA		3.500		04/01/45		3,853,441
	4,232,636		FNMA		3.500		05/01/45		4,532,731
	591,951		FNMA		4.000		05/01/45		646,743
	1,105,209		FNMA		3.500		06/01/45		1,179,794
	1,317,140		FNMA		4.000		06/01/45		1,439,142
	1,920,272		FNMA		3.500		07/01/45		2,049,863
	6,515,464		FNMA		4.000		07/01/45		7,108,410
	863,669		FNMA		4.000		08/01/45		952,292
	2,985,647		FNMA		4.000		08/01/45		3,206,048
	3,940,444		FNMA		3.500		09/01/45		4,204,062
	1,911,396		FNMA		4.000		11/01/45		2,107,621
	988,905		FNMA		4.000		12/01/45		1,090,423
	3,065,531		FNMA		4.000		12/01/45		3,323,829

25

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	482,113		FNMA		3.500	%	01/01/46	$	514,698
	9,758,753		FNMA		3.500		01/01/46		10,303,775
	8,902,656		FNMA		4.000		01/01/46		9,712,623
	4,064,743		FNMA		3.500		02/01/46		4,339,362
	1,014,236		FNMA		4.000		02/01/46		1,090,949
	1,994,206		FNMA		4.000		02/01/46		2,175,646
	521,178		FNMA		3.500		03/01/46		556,405
	15,677,520		FNMA		3.500		03/01/46		16,549,311
	1,094,765		FNMA		3.500		04/01/46		1,168,759
	37,742,510		FNMA		3.500		06/01/46		39,851,961
	974,990		FNMA		4.000		06/01/46		1,046,196
	9,000,000	h	FNMA		3.000		07/25/46		9,339,610
	5,000,000	h	FNMA		3.500		07/25/46		5,274,804
	2,000,000	h	FNMA		4.000		07/25/46		2,143,945
	22,000,000	h	FNMA		3.000		08/25/46		22,788,907
	33,000,000	h	FNMA		4.000		08/25/46		35,344,162
	12,000,000	h	FNMA		4.500		08/25/46		13,090,547
	15,000,000	h	FNMA		3.000		09/25/46		15,505,078
	15,000,000	h	FNMA		4.000		09/25/46		16,044,434
	91		Government National Mortgage Association (GNMA)		7.000		01/15/28		102
	1,599		GNMA		7.000		02/15/28		1,641
	563		GNMA		7.000		06/15/28		580
	790		GNMA		7.000		06/15/28		866
	1,608		GNMA		6.500		09/15/28		1,834
	5,621		GNMA		6.500		09/15/28		6,412
	5,713		GNMA		6.500		11/15/28		6,517
	2,921		GNMA		7.500		11/15/28		3,326
	546		GNMA		8.500		07/15/30		550
	16,597		GNMA		8.500		10/15/30		17,709
	8,422		GNMA		8.500		10/20/30		10,278
	991		GNMA		8.500		12/15/30		1,279
	1,739		GNMA		7.000		06/20/31		2,167
	3,721		GNMA		7.000		07/15/31		3,933
	3,784		GNMA		7.000		07/15/31		4,267
	467		GNMA		6.500		03/15/33		532
	94,431		GNMA		5.500		07/15/33		107,478
	377,996		GNMA		5.500		09/15/33		435,382
	100,721		GNMA		5.500		02/20/35		113,439
	593,936		GNMA		5.500		05/20/35		669,909
	182,962		GNMA		5.500		02/20/36		204,673
	29,526		GNMA		6.000		10/20/36		34,055
	31,603		GNMA		6.000		01/20/37		36,449
	108,884		GNMA		6.000		02/20/37		125,903
	31,934		GNMA		5.500		07/15/38		36,023
	198,534		GNMA		5.500		07/20/38		218,251
	77,654		GNMA		6.000		08/20/38		88,692
	98,741		GNMA		6.500		11/20/38		116,074
	13,904		GNMA		4.500		02/20/39		15,251
	726,411		GNMA		5.000		06/15/39		824,527
	1,532,775		GNMA		4.500		09/20/39		1,719,369
	25,793		GNMA		4.500		08/20/41		28,281

26

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	73,616		GNMA		4.500	%	09/20/41	$	80,814
	8,666,044		GNMA		3.500		10/20/42		1,576,685
	16,546		GNMA		4.500		01/20/44		18,147
	17,874		GNMA		4.500		02/20/44		19,428
	30,502		GNMA		4.500		05/20/44		33,462
	232,124		GNMA		4.500		05/20/44		254,682
	231,911		GNMA		4.500		08/20/44		254,346
	240,623		GNMA		4.500		09/20/44		263,810
	78,002		GNMA		4.500		10/20/44		85,502
	79,491		GNMA		4.500		11/20/44		87,134
	147,074		GNMA		4.500		12/20/44		161,371
	218,043		GNMA		4.500		02/20/45		238,827
	239,024		GNMA		4.500		08/20/45		262,368
	290,129		GNMA		4.500		08/20/45		318,455
	240,993		GNMA		4.500		12/20/45		264,576
	27,931,576		GNMA		3.500		05/20/46		29,692,337
	11,853,351		GNMA		4.000		05/20/46		12,692,292
	9,000,000	h	GNMA		3.000		07/20/46		9,406,406
	31,000,000	h	GNMA		3.000		08/20/46		32,336,873
	10,000,000	h	GNMA		3.500		08/20/46		10,597,657
	14,000,000	h	GNMA		3.000		09/20/46		14,570,937
	10,000,000	h	GNMA		3.500		09/20/46		10,580,469
			TOTAL MORTGAGE BACKED						736,110,280
MUNICIPAL BONDS - 4.8%
	2,500,000	h	Commonwealth of Massachusetts		3.277		06/01/46		2,524,450
	4,265,000		Denver City & County School District No. 1		3.598		12/15/27		4,675,165
	15,000,000		Florida State Board of Administration Finance Corp		2.163		07/01/19		15,395,700
	8,840,000		Health & Educational Facilities Authority of the State of Missouri		3.651		01/15/46		9,681,922
	980,000	h	Imperial Irrigation District Electric System Revenue		0.945		11/01/16		979,794
	1,870,000	h	Imperial Irrigation District Electric System Revenue		0.995		11/01/17		1,870,000
	1,890,000	h	Imperial Irrigation District Electric System Revenue		1.095		11/01/18		1,892,570
	6,000,000		New York State Dormitory Authority		3.879		07/01/46		6,230,940
	10,000,000		Ohio State University		3.798		12/01/46		10,874,200
	7,500,000		Port of Morrow OR		1.582		09/01/20		7,540,725
	5,000,000		Port of Morrow OR		1.782		09/01/21		5,053,450
	3,460,000	h	State of Georgia		1.910		02/01/23		3,503,631
	3,000,000		State of Illinois		4.833		02/01/17		3,051,240
	8,800,000		State of Illinois		4.350		06/01/18		9,070,336
	1,845,000		State of Illinois		4.700		01/01/21		1,980,146
	2,560,000		State of Illinois		3.860		04/01/21		2,657,434
	13,000,000		State of Michigan		1.779		11/01/21		13,117,780
	7,000,000		State of Michigan		1.966		11/01/22		7,063,770
	1,763,000		State Public School Building Authority		5.000		09/15/27		1,960,421
	7,500,000		Texas A&M University		3.993		05/15/37		8,103,150
	1,250,000		Texas Public Finance Authority		5.250		07/01/17		1,253,475
	2,500,000		University of California		0.993		05/15/18		2,502,750
	1,185,000		University of California		1.228		05/15/19		1,187,323
	1,920,000		University of California		1.534		05/15/20		1,925,011

27

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000		University of California		1.784	%	05/15/21	$	1,007,370
	15,000,000		University of California		1.910		05/15/21		15,266,550
	3,000,000		University of California		2.020		05/15/22		3,025,170
	3,000,000		University of California		2.220		05/15/23		3,047,190
	2,000,000		University of California		2.439		05/15/24		2,023,760
	2,000,000		University of California		2.589		05/15/25		2,041,800
	2,000,000		University of California		2.639		05/15/26		2,051,420
	6,635,000		University of California		3.552		05/15/39		7,024,275
			TOTAL MUNICIPAL BONDS						159,582,918
U.S. TREASURY SECURITIES - 8.3%
	2,560,000		United States Treasury Bond		5.250		11/15/28		3,603,899
	5,000,000		United States Treasury Bond		4.500		02/15/36		7,202,540
	2,250,000		United States Treasury Bond		4.750		02/15/37		3,346,875
	37,050,000		United States Treasury Bond		3.500		02/15/39		46,774,180
	16,015,000		United States Treasury Bond		3.875		08/15/40		21,269,922
	29,305,000		United States Treasury Bond		2.500		02/15/46		30,542,462
	45,300,000		United States Treasury Bond		2.500		05/15/46		47,258,863
	6,250,000		United States Treasury Note		0.625		06/30/18		6,252,931
	345,000		United States Treasury Note		0.875		05/15/19		346,685
	265,000		United States Treasury Note		0.875		06/15/19		266,315
	310,000		United States Treasury Note		2.125		01/31/21		325,997
	1,400,000		United States Treasury Note		1.375		04/30/21		1,424,391
	2,415,000		United States Treasury Note		2.000		05/31/21		2,529,524
	7,605,000		United States Treasury Note		1.125		06/30/21		7,643,618
	280,000		United States Treasury Note		2.000		08/31/21		293,322
	2,000,000		United States Treasury Note		1.750		02/28/22		2,067,422
	885,000		United States Treasury Note		1.750		03/31/22		914,627
	1,900,000		United States Treasury Note		1.750		04/30/22		1,963,532
	1,930,000		United States Treasury Note		2.125		06/30/22		2,035,548
	6,547,000		United States Treasury Note		1.875		08/31/22		6,806,575
	13,525,000		United States Treasury Note		1.625		05/31/23		13,833,005
	68,790,000		United States Treasury Note		1.625		05/15/26		69,671,337
			TOTAL U.S. TREASURY SECURITIES						276,373,570
			TOTAL GOVERNMENT BONDS						1,327,912,477
			(Cost $1,294,703,405)
STRUCTURED ASSETS - 21.3%
ASSET BACKED - 6.9%
	284,345	i	ACE Securities Corp Home Equity Loan Trust		1.188		08/25/35		281,085
			Series - 2005 HE5 (Class M2)
	2,500,000		Ally Auto Receivables Trust		1.440		08/17/20		2,511,113
			Series - 2016 3 (Class A3)
	2,125,000		Ally Auto Receivables Trust		1.720		04/15/21		2,143,205
			Series - 2016 3 (Class A4)
	10,881,000		AmeriCredit Automobile Receivables Trust		1.570		01/08/19		10,886,063
			Series - 2013 1 (Class C)
	8,207,000		AmeriCredit Automobile Receivables Trust		3.000		07/08/19		8,292,668
			Series - 2013 3 (Class D)
	1,845,000		AmeriCredit Automobile Receivables Trust		3.340		08/08/21		1,891,794
			Series - 2015 3 (Class D)

28

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	55,677	g	Asset Backed Funding Corp NIM Trust		5.900	%	07/26/35	$	1
			Series - 2006 WMC1 (Class N1)
	411,472	i	Asset Backed Securities Corp Home Equity Loan Trust		0.635		07/25/35		410,155
			Series - 2005 HE7 (Class M2)
	7,750,000	g	Avis Budget Rental Car Funding AESOP LLC		4.740		11/20/17		7,793,085
			Series - 2011 3A (Class B)
	1,000,000	g	Avis Budget Rental Car Funding AESOP LLC		4.720		02/20/18		1,010,651
			Series - 2011 5A (Class B)
	9,800,000	g	Avis Budget Rental Car Funding AESOP LLC		3.040		03/20/19		9,885,018
			Series - 2012 3A (Class B)
	5,000,000		Cabela’s Credit Card Master Note Trust		1.780		06/15/22		5,027,492
			Series - 2016 1 (Class A1)
	5,000,000		Capital Auto Receivables Asset Trust		1.620		03/20/19		5,012,598
			Series - 2015 4 (Class A2)
	11,283,472	g	Capital Automotive REIT		4.700		07/15/42		11,591,687
			Series - 2012 1A (Class A)
	6,000,000	g	Capital Automotive REIT		3.660		10/15/44		5,781,674
			Series - 2014 1A (Class A)
	14,151,636	g,i	CBRE Realty Finance		0.927		04/07/52		4,667,994
			Series - 2007 1A (Class A2)
	2,015,927	i,m	CCR, Inc		0.890		07/10/17		2,001,536
			Series - 2010 CX (Class C)
	174,731	i	CIT Group Home Equity Loan Trust		6.200		02/25/30		174,237
			Series - 2002 1 (Class AF6) (Step Bond)
	2,250,000		CNH Equipment Trust		1.630		08/15/21		2,265,286
			Series - 2016 B (Class A3)
	10,665,000	g	DB Master Finance LLC		3.262		02/20/45		10,764,185
			Series - 2015 1A (Class A2I)
	6,410,000	g,i	DB/UBS Mortgage Trust		5.884		11/10/46		7,273,458
			Series - 2011 LC1A (Class C)
	12,699,490	g	Domino’s Pizza Master Issuer LLC		5.216		01/25/42		13,070,315
			Series - 2012 1A (Class A2)
	2,985,000	g	Domino’s Pizza Master Issuer LLC		3.484		10/25/45		3,032,224
			Series - 2015 1A (Class A2I)
	895,500	g	Domino’s Pizza Master Issuer LLC		4.474		10/25/45		915,264
			Series - 2015 1A (Class A2II)
	1,500,000	g	Ford Credit Auto Owner Trust		2.310		08/15/27		1,531,384
			Series - 2016 1 (Class A)
	7,500,000	g	Ford Credit Auto Owner Trust		2.030		12/15/27		7,539,398
			Series - 2016 2 (Class A)
	2,000,000		Ford Credit Floorplan Master Owner Trust		2.390		08/15/22		2,042,217
			Series - 2015 5 (Class A)
	8,000,000		GM Financial Automobile Leasing Trust		1.620		09/20/19		8,060,714
			Series - 2016 2 (Class A3)
	1,500,000	g	GMF Floorplan Owner Revolving Trust		1.960		05/17/21		1,505,796
			Series - 2016 1 (Class A1)
	3,957,496		GS Mortgage Securities Trust		1.478		05/10/49		3,976,241
			Series - 2016 GS2 (Class A1)
	1,500,000		Harley-Davidson Motorcycle Trust		1.340		01/15/21		1,503,902
			Series - 2016 A (Class A3)
	3,333,333	g	Hertz Vehicle Financing LLC		1.120		08/25/17		3,332,430
			Series - 2013 1A (Class A1)

29

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,666,667	g	Hertz Vehicle Financing LLC		1.860	%	08/25/17	$	1,665,256
			Series - 2013 1A (Class B1)
	2,000,000	g	Hertz Vehicle Financing LLC		4.960		03/25/18		2,022,567
			Series - 2011 1A (Class B2)
	2,625,000	g	Hertz Vehicle Financing LLC		2.270		07/25/20		2,644,885
			Series - 2016 3A (Class A)
	2,500,000	g	Hyundai Auto Lease Securitization Trust		1.240		11/15/18		2,504,525
			Series - 2016 B (Class A2A)
	719,935	i	Lehman XS Trust		0.703		02/25/36		680,076
			Series - 2006 1 (Class 1A1)
	1,874,262	i	Lehman XS Trust		6.500		06/25/46		1,462,486
			Series - 2006 13 (Class 2A1)
	5,000,000		Nissan Auto Lease Trust		1.490		03/15/19		5,015,195
			Series - 2016 A (Class A3)
	818,578	g	Orange Lake Timeshare Trust		3.030		07/09/29		813,122
			Series - 2014 AA (Class B)
	48,082	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		1.398		09/25/34		48,146
			Series - 2004 WHQ1 (Class M1)
	620,026	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		1.233		01/25/36		616,849
			Series - 2005 WCH1 (Class M2)
	21,737	i	Residential Asset Securities Corp		6.489		10/25/30		21,916
			Series - 2001 KS2 (Class AI6)
	185,000	i	Residential Funding Mortgage Securities II, Inc		6.060		02/25/36		192,221
			Series - 2006 HI1 (Class M2) (Step Bond)
	3,000,000	g,i	Sanders Re Ltd		4.259		05/05/17		2,976,000
			Series - 2013 144A (Class )
	6,825,994		Santander Drive Auto Receivables Trust		3.870		02/15/18		6,845,829
			Series - 2012 2 (Class D)
	1,496,906		Santander Drive Auto Receivables Trust		1.590		10/15/18		1,497,848
			Series - 2014 1 (Class B)
	1,000,000		Santander Drive Auto Receivables Trust		2.270		01/15/19		1,003,208
			Series - 2013 2013-1 (Class D)
	2,500,000		Santander Drive Auto Receivables Trust		1.560		05/15/20		2,503,410
			Series - 2016 2 (Class A3)
	800,000		Santander Drive Auto Receivables Trust		1.960		05/15/20		804,899
			Series - 2015 5 (Class B)
	800,000		Santander Drive Auto Receivables Trust		2.740		12/15/21		811,009
			Series - 2015 5 (Class C)
	121,263	i	Securitized Asset Backed Receivables LLC		0.753		10/25/35		121,003
			Series - 2006 OP1 (Class A2C)
	552,673	g	Sierra Receivables Funding Co LLC		3.420		03/20/29		554,871
			Series - 2012 2A (Class B)
	3,508,134	g	Sierra Receivables Funding Co LLC		1.590		11/20/29		3,480,277
			Series - 2013 1A (Class A)
	849,338	g	Sierra Receivables Funding Co LLC		2.390		11/20/29		843,132
			Series - 2013 1A (Class B)
	7,214,149	g	Sierra Receivables Funding Co LLC		3.050		03/22/32		7,231,645
			Series - 2015 1A (Class B)
	1,020,000	g	SLM Private Education Loan Trust		2.090		06/15/45		1,022,279
			Series - 2012 E (Class A2A)

30

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,204,000	g	SLM Private Education Loan Trust		3.310	%	10/15/46	$	1,228,096
			Series - 2012 C (Class A2)
	2,293,812	g	SLM Student Loan Trust		3.480		10/15/30		2,337,891
			Series - 2012 B (Class A2)
	2,421,128	g	SLM Student Loan Trust		4.540		10/17/44		2,536,683
			Series - 2011 C (Class A2B)
	2,233,000	g	SLM Student Loan Trust		3.830		01/17/45		2,326,663
			Series - 2012 A (Class A2)
	2,641,868	g	SolarCity LMC		4.800		11/20/38		2,580,038
			Series - 2013 1 (Class A)
	2,163,767	g	SolarCity LMC		4.020		07/20/44		2,092,040
			Series - 2014 2 (Class A)
	6,696,649	g	SpringCastle America Funding LLC		2.700		05/25/23		6,719,491
			Series - 2014 AA (Class A)
	709,309	g,i	Structured Asset Securities Corp Mortgage Loan Trust		0.673		10/25/36		705,476
			Series - 2006 GEL4 (Class A2)
	3,000,000	g	Taco Bell Funding LLC		3.832		05/25/46		3,036,600
			Series - 2016 1A (Class A2I)
	5,800,000	g,i	Vitality Re IV Ltd		3.009		01/09/17		5,801,160
			Series - 2013 IV B (Class )
	124,058	g,i	Wachovia Loan Trust		0.806		05/25/35		121,159
			Series - 2005 SD1 (Class A)
	5,458,750	g	Wendys Funding LLC		3.371		06/15/45		5,488,773
			Series - 2015 1A (Class A2I)
			TOTAL ASSET BACKED						228,531,594
OTHER MORTGAGE BACKED - 14.4%
	2,655,792	g	7 WTC Depositor LLC Trust		4.082		03/13/31		2,687,378
			Series - 2012 7WTC (Class A)
	2,000,000	g,i	ACRE Commercial Mortgage Trust		2.934		08/15/31		1,971,158
			Series - 2014 FL2 (Class C)
	1,908,660	i	American Home Mortgage Investment Trust		2.405		10/25/34		1,854,422
			Series - 2004 3 (Class 4A)
	1,000,000	i	Banc of America Commercial Mortgage Trust		5.772		05/10/45		997,874
			Series - 2006 2 (Class B)
	791,000	i	Banc of America Commercial Mortgage Trust		6.009		05/10/45		780,477
			Series - 2006 2 (Class C)
	11,122,000		Banc of America Commercial Mortgage Trust		5.480		10/10/45		11,008,701
			Series - 2006 6 (Class B)
	500,000	g	Banc of America Commercial Mortgage Trust		5.416		01/15/49		494,191
			Series - 2007 1 (Class AM)
	10,500,000		Banc of America Commercial Mortgage Trust		1.559		06/15/49		10,592,839
			Series - 2016 UB10 (Class A1)
	6,250,000	g,i	Banc of America Commercial Mortgage Trust		5.821		02/10/51		5,507,106
			Series - 2007 4 (Class E)
	1,750,000	g,i	Banc of America Commercial Mortgage Trust		6.000		02/10/51		1,618,920
			Series - 2007 4 (Class D)
	1,000,000	g,i	Bear Stearns Commercial Mortgage Securities Trust		5.474		02/11/41		914,309
			Series - 2005 PWR7 (Class E)
	1,000,000	g,i	Bear Stearns Commercial Mortgage Securities Trust		5.884		11/11/41		1,056,993
			Series - 2004 PWR6 (Class G)

31

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,154,000	g,i	Bear Stearns Commercial Mortgage Securities Trust		5.759	%	02/13/42	$	1,196,930
			Series - 2005 T18 (Class F)
	9,826,000	i	Bear Stearns Commercial Mortgage Securities Trust		6.101		09/11/42		10,244,038
			Series - 2007 T28 (Class AJ)
	700,000	g,i	Bear Stearns Commercial Mortgage Securities Trust		5.387		02/13/46		712,398
			Series - 2004 T16 (Class G)
	6,195,012	i	CAS		2.453		10/25/28		6,238,043
			Series - 2016 C03 (Class 1M1)
	1,843,920	i	CHL Mortgage Pass-Through Trust		2.823		02/20/35		1,836,871
			Series - 2004 HYB9 (Class 1A1)
	135,949	i	Citigroup Commercial Mortgage Trust		5.713		12/10/49		137,026
			Series - 2007 C6 (Class ASB)
	5,517,900	g,i	Citigroup Mortgage Loan Trust		0.626		05/25/37		5,280,557
			Series - 2015 8 (Class 1A1)
	32,439,400	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		33,449,485
			Series - 2007 C3 (Class AM)
	12,750,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		12,510,631
			Series - 2007 C3 (Class AJ)
	8,028,000	g,i	COMM Mortgage Trust		6.007		12/10/49		7,857,093
			Series - 2007 C9 (Class G)
	3,365,000	i	COMM Mortgage Trust		6.007		12/10/49		3,380,846
			Series - 2007 C9 (Class C)
	213,302	i	Commercial Mortgage Trust		5.238		04/10/37		213,162
			Series - 2005 GG5 (Class AJ)
	23,805,000	i	Commercial Mortgage Trust		5.867		12/10/49		24,625,406
			Series - 2007 GG11 (Class AM)
	12,035,097	i	Connecticut Avenue Securities		2.603		09/25/28		12,177,735
			Series - 2016 C02 (Class 1M1)
	31,020		Countrywide Alternative Loan Trust		5.500		08/25/16		30,980
			Series - 2004 30CB (Class 1A15)
	668,000	g,i	Credit Suisse Commercial Mortgage Trust		5.415		02/25/21		671,387
			Series - 2006 K1A (Class H)
	5,000,000	i	Credit Suisse Commercial Mortgage Trust		5.903		09/15/39		4,971,799
			Series - 2007 C4 (Class A1AJ)
	6,000,000	i	Credit Suisse Commercial Mortgage Trust		5.949		09/15/39		5,975,450
			Series - 2007 C4 (Class AJ)
	1,500,000		Credit Suisse Commercial Mortgage Trust		5.343		12/15/39		1,513,917
			Series - 2006 C5 (Class AM)
	820,000	g	Credit Suisse Commercial Mortgage Trust		5.383		02/15/40		827,681
			Series - 2009 RR1 (Class A3C)
	730,000	i	Credit Suisse Commercial Mortgage Trust		5.615		01/15/49		743,343
			Series - 2007 C2 (Class AM)
	5,000,000	i	Credit Suisse Commercial Mortgage Trust		5.625		01/15/49		5,012,322
			Series - 2007 C2 (Class AJ)
	63,762		Credit Suisse First Boston Mortgage Securities Corp		4.771		07/15/37		63,734
			Series - 2005 C3 (Class AJ)
	10,414,320		Credit Suisse Mortgage Capital Certificates		5.509		09/15/39		10,409,041
			Series - 2006 C4 (Class AM)
	85,727,224	i	CSAIL Commercial Mortgage Trust		1.029		08/15/48		4,540,380
			Series - 2015 C3 (Class XA)
	1,500,000	i	GE Commercial Mortgage Corp		5.606		12/10/49		1,451,076
			Series - 2007 C1 (Class AM)

32

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	399,802	i	Impac CMB Trust		1.113	%	03/25/35	$	366,199
			Series - 2004 11 (Class 2A1)
	765,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		4.911		07/15/42		764,213
			Series - 2005 LDP2 (Class C)
	6,950,000	g,i	JP Morgan Chase Commercial Mortgage Securities Trust		5.801		02/15/46		7,204,018
			Series - 2011 C3 (Class D)
	2,035,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		6.192		02/15/51		2,109,664
			Series - 2007 LD12 (Class AM)
	1,300,000	i	LB-UBS Commercial Mortgage Trust		6.049		06/15/38		1,298,551
			Series - 2006 C4 (Class B)
	1,000,000	i	LB-UBS Commercial Mortgage Trust		5.737		03/15/39		999,050
			Series - 2006 C3 (Class C)
	2,000,000	i	LB-UBS Commercial Mortgage Trust		5.533		02/15/40		1,972,741
			Series - 2007 C1 (Class C)
	7,500,000	i	LB-UBS Commercial Mortgage Trust		5.563		02/15/40		7,207,822
			Series - 2007 C1 (Class D)
	1,995,000	i	LB-UBS Commercial Mortgage Trust		6.114		07/15/40		2,057,260
			Series - 2007 C6 (Class AM)
	4,273,268	g,i	LVII Resecuritization Trust		3.257		07/25/47		4,281,281
			Series - 2015 A (Class A)
	580,000	i	Merrill Lynch Mortgage Trust		6.472		02/12/51		602,304
			Series - 0 C1 (Class AJA)
	4,500,000	g,i	ML-CFC Commercial Mortgage Trust		0.627		08/12/48		4,341,127
			Series - 2007 5 (Class AMFL)
	7,854,300	i	ML-CFC Commercial Mortgage Trust		5.526		03/12/51		7,892,547
			Series - 2007 6 (Class AM)
	1,790,000	g,i	Morgan Stanley Capital I Trust		6.133		08/12/41		1,786,282
			Series - 2006 T23 (Class B)
	4,425,387	i	Morgan Stanley Capital I Trust		5.389		11/12/41		4,387,655
			Series - 2006 HQ10 (Class AJ)
	3,538,933	i	Morgan Stanley Capital I Trust		5.793		07/12/44		3,538,631
			Series - 2006 HQ9 (Class AJ)
	1,821,000	i	Morgan Stanley Capital I Trust		5.832		07/12/44		1,819,087
			Series - 2006 HQ9 (Class B)
	3,206,000	i	Morgan Stanley Capital I Trust		5.842		07/12/44		3,174,464
			Series - 2006 HQ9 (Class C)
	9,033,000	i	Morgan Stanley Capital I Trust		5.861		04/12/49		8,984,111
			Series - 2007 HQ12 (Class C)
	5,100,000	i	Morgan Stanley Capital I Trust		5.907		06/11/49		4,791,649
			Series - 2007 IQ15 (Class AJ)
	4,000,000	i	Morgan Stanley Capital I Trust		5.907		06/11/49		4,124,021
			Series - 2007 IQ15 (Class AM)
	4,907,000	i	Morgan Stanley Capital I Trust		6.115		12/12/49		4,400,580
			Series - 2007 IQ16 (Class AJ)
	3,000,000	g,i	Morgan Stanley Capital I Trust		5.325		10/12/52		2,994,244
			Series - 2006 T21 (Class B)
	2,375,000	i	Structured Agency Credit Risk Debt Note (STACR)		2.653		09/25/24		2,375,934
			Series - 2014 HQ2 (Class M2)
	79,520	i	Structured Agency Credit Risk Debt Note (STACR)		1.703		01/25/25		79,520
			Series - 2015 DN1 (Class M1)
	1,250,000	i	Structured Agency Credit Risk Debt Note (STACR)		2.853		01/25/25		1,260,127
			Series - 2015 DN1 (Class M2)

33

TIAA-CREF FUNDS - Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	9,000,000	i	Structured Agency Credit Risk Debt Note (STACR)		2.653	%	03/25/25	$	9,036,974
			Series - 2015 HQ1 (Class M2)
	1,750,000	i	Structured Agency Credit Risk Debt Note (STACR)		4.253		03/25/25		1,809,483
			Series - 2015 HQ1 (Class M3)
	1,741,996	i	Structured Agency Credit Risk Debt Note (STACR)		1.553		05/25/25		1,741,996
			Series - 2015 HQ2 (Class M1)
	3,475,000	i	Structured Agency Credit Risk Debt Note (STACR)		2.403		05/25/25		3,447,014
			Series - 2015 HQ2 (Class M2)
	16,720,195	i	Structured Agency Credit Risk Debt Note (STACR)		1.703		10/25/28		16,720,192
			Series - 2016 DNA2 (Class M1)
	14,750,000	i	Structured Agency Credit Risk Debt Note (STACR)		2.653		10/25/28		14,869,596
			Series - 2016 DNA2 (Class M2)
	21,750,000	i	Structured Agency Credit Risk Debt Note (STACR)		1.546		12/25/28		21,756,692
			Series - 2016 DNA3 (Class M1)
	5,800,000	g,i	Wachovia Bank Commercial Mortgage Trust		0.646		12/15/43		5,581,611
			Series - 2007 C30 (Class AMFL)
	22,235,000		Wachovia Bank Commercial Mortgage Trust		5.383		12/15/43		22,619,414
			Series - 2007 C30 (Class AM)
	1,800,000	i	Wachovia Bank Commercial Mortgage Trust		5.789		01/15/45		1,751,569
			Series - 2006 C23 (Class F)
	12,000,000	i	Wachovia Bank Commercial Mortgage Trust		5.825		07/15/45		11,965,918
			Series - 2006 C27 (Class AJ)
	3,000,000	i	Wachovia Bank Commercial Mortgage Trust		5.865		07/15/45		2,817,272
			Series - 2006 C27 (Class B)
	230,000	i	Wachovia Bank Commercial Mortgage Trust		5.818		05/15/46		240,566
			Series - 2007 C34 (Class AM)
	3,195,000	i	Wachovia Bank Commercial Mortgage Trust		6.020		05/15/46		1,879,612
			Series - 2007 C34 (Class F)
	23,750,038	i	Wachovia Bank Commercial Mortgage Trust		6.141		05/15/46		23,512,986
			Series - 2007 C34 (Class AJ)
	1,700,000	i	Wachovia Bank Commercial Mortgage Trust		6.219		05/15/46		1,665,151
			Series - 2007 C34 (Class C)
	3,515,000	i	Wachovia Bank Commercial Mortgage Trust		5.591		04/15/47		3,591,709
			Series - 2007 C31 (Class AM)
	1,725,000	i	Wachovia Bank Commercial Mortgage Trust		5.829		04/15/47		1,634,538
			Series - 2007 C31 (Class C)
	22,000,000	g	Wachovia Bank Commercial Mortgage Trust		5.703		06/15/49		22,588,949
			Series - 2007 C32 (Class AMFX)
	2,670,000	g,i	Wachovia Bank Commercial Mortgage Trust		5.715		06/15/49		487,827
			Series - 2007 C32 (Class J)
	23,475,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		22,910,863
			Series - 2007 C32 (Class AJ)
	4,140,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		3,953,480
			Series - 2007 C32 (Class B)
	2,530,000	i	Wachovia Bank Commercial Mortgage Trust		5.953		02/15/51		2,605,250
			Series - 2007 C33 (Class AM)
			TOTAL OTHER MORTGAGE BACKED						479,557,443
			TOTAL STRUCTURED ASSETS						708,089,037
			(Cost $711,416,363)
			TOTAL BONDS						3,230,736,168
			(Cost $3,155,667,229)

34

TIAA-CREF FUNDS - Bond Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
SHORT-TERM INVESTMENTS - 9.4%
GOVERNMENT AGENCY DEBT - 4.5%
$	50,000,000	Federal Home Loan Bank (FHLB)		0.250	%	07/01/16	$	50,000,000
	57,000,000	FHLB		0.270		07/12/16		56,997,036
	43,100,000	FHLB		0.330		07/19/16		43,096,337
		TOTAL GOVERNMENT AGENCY DEBT						150,093,373
TREASURY DEBT - 4.9%
	18,000,000	United States Treasury Bill		0.235		07/28/16		17,997,569
	15,800,000	United States Treasury Bill		0.285		08/04/16		15,796,824
	5,000,000	United States Treasury Bill		0.235		08/11/16		4,998,815
	9,000,000	United States Treasury Bill		0.302		08/18/16		8,997,264
	2,200,000	United States Treasury Bill		0.261		09/01/16		2,199,078
	2,500,000	United States Treasury Bill		0.252		09/15/16		2,498,858
	4,000,000	United States Treasury Bill		0.241		09/22/16		3,997,776
	55,000,000	United States Treasury Bill		0.373		09/29/16		54,964,030
	50,000,000	United States Treasury Bill		0.323		10/06/16		49,964,950
		TOTAL TREASURY DEBT						161,415,164
		TOTAL SHORT-TERM INVESTMENTS						311,508,537
		(Cost $311,476,596)
		TOTAL INVESTMENTS - 107.8%						3,590,234,875
		(Cost $3,515,958,701)
		OTHER ASSETS & LIABILITIES, NET - (7.8)%						(258,342,014	)
		NET ASSETS - 100.0%					$	3,331,892,861

	Abbreviation(s):
BRL	Brazilian Real
DOP	Dominican Peso
MXN	Mexican Peso
REIT	Real Estate Investment Trust
RUB	Russian Ruble
ZAR	South African Rand
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 6/30/2016, the aggregate value of these securities was $568,060,349 or 17.0% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
m	Indicates a security that has been deemed illiquid.
n	In default
w	All or a portion of these securities have been segregated by the custodian to cover collateral requirements on mortgage dollar rolls.

35

TIAA-CREF FUNDS - Bond Index Fund

TIAA-CREF FUNDS

BOND INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

June 30, 2016

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
BONDS - 99.5%
CORPORATE BONDS - 26.2%
AUTOMOBILES & COMPONENTS - 0.1%
$	50,000	BorgWarner, Inc		4.625	%	09/15/20	$	54,429
	200,000	BorgWarner, Inc		3.375		03/15/25		204,599
	200,000	BorgWarner, Inc		4.375		03/15/45		207,357
	100,000	Delphi Automotive plc		3.150		11/19/20		102,870
	250,000	Delphi Automotive plc		4.250		01/15/26		272,368
	500,000	Delphi Corp		5.000		02/15/23		530,000
	100,000	Delphi Corp		4.150		03/15/24		106,349
	500,000	Ford Motor Co		7.450		07/16/31		668,292
	1,050,000	Ford Motor Co		4.750		01/15/43		1,108,341
	500,000	General Motors Co		6.600		04/01/36		573,634
	1,250,000	General Motors Co		6.250		10/02/43		1,389,381
	350,000	General Motors Co		6.750		04/01/46		415,422
	175,000	Harley-Davidson, Inc		3.500		07/28/25		187,436
	200,000	Harley-Davidson, Inc		4.625		07/28/45		223,621
	300,000	Honeywell International, Inc		5.300		03/01/18		321,312
	400,000	Honeywell International, Inc		5.000		02/15/19		440,872
	500,000	Honeywell International, Inc		3.350		12/01/23		544,969
	282,000	Honeywell International, Inc		5.700		03/15/37		375,008
	150,000	Johnson Controls, Inc		2.600		12/01/16		150,957
	300,000	Johnson Controls, Inc		1.400		11/02/17		300,940
	160,000	Johnson Controls, Inc		4.250		03/01/21		172,566
	300,000	Johnson Controls, Inc		3.625		07/02/24		317,193
	270,000	Johnson Controls, Inc		6.000		01/15/36		320,182
	325,000	Johnson Controls, Inc		4.625		07/02/44		343,512
	100,000	Johnson Controls, Inc		4.950		07/02/64		99,766
	300,000	Magna International, Inc		3.625		06/15/24		316,569
	100,000	Magna International, Inc		4.150		10/01/25		109,930
		TOTAL AUTOMOBILES & COMPONENTS						9,857,875
BANKS - 3.7%
	200,000	Associated Banc-Corp		2.750		11/15/19		202,414
	250,000	Australia & New Zealand Banking Group Ltd		1.875		10/06/17		252,289
	750,000	Australia & New Zealand Banking Group Ltd		1.500		01/16/18		753,506
	500,000	Australia & New Zealand Banking Group Ltd		1.450		05/15/18		502,094
	300,000	Australia & New Zealand Banking Group Ltd		2.000		11/16/18		304,077
	300,000	Australia & New Zealand Banking Group Ltd		2.700		11/16/20		311,394
	500,000	Australia & New Zealand Banking Group Ltd		2.300		06/01/21		507,277
	200,000	Australia & New Zealand Banking Group Ltd		3.700		11/16/25		221,531
	350,000	Banco Bilbao Vizcaya Argentaria S.A.		3.000		10/20/20		356,499
	200,000	Bancolombia S.A.		5.950		06/03/21		218,700
	3,000,000	Bank of America Corp		1.700		08/25/17		3,011,274
	590,000	Bank of America Corp		5.750		12/01/17		624,481

36

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	2,900,000	Bank of America Corp		2.000	%	01/11/18	$	2,919,926
	500,000	Bank of America Corp		1.950		05/12/18		502,940
	2,525,000	Bank of America Corp		2.600		01/15/19		2,583,754
	750,000	Bank of America Corp		2.650		04/01/19		768,997
	1,000,000	Bank of America Corp		2.625		10/19/20		1,016,036
	2,300,000	Bank of America Corp		5.875		01/05/21		2,638,744
	1,750,000	Bank of America Corp		2.625		04/19/21		1,776,733
	2,225,000	Bank of America Corp		3.300		01/11/23		2,290,702
	2,000,000	Bank of America Corp		4.125		01/22/24		2,154,604
	750,000	Bank of America Corp		4.000		04/01/24		800,809
	1,475,000	Bank of America Corp		4.200		08/26/24		1,525,401
	750,000	Bank of America Corp		4.000		01/22/25		765,249
	550,000	Bank of America Corp		3.950		04/21/25		559,210
	2,000,000	Bank of America Corp		3.875		08/01/25		2,128,696
	750,000	Bank of America Corp		4.450		03/03/26		784,843
	500,000	Bank of America Corp		3.500		04/19/26		517,219
	400,000	Bank of America Corp		4.250		10/22/26		415,055
	1,500,000	Bank of America Corp		5.000		01/21/44		1,736,184
	500,000	Bank of America Corp		4.875		04/01/44		569,107
	500,000	Bank of America NA		1.650		03/26/18		502,999
	500,000	Bank of America NA		1.750		06/05/18		503,334
	700,000	Bank of America NA		2.050		12/07/18		710,028
	200,000	Bank of Montreal		1.400		09/11/17		201,014
	400,000	Bank of Montreal		1.450		04/09/18		401,906
	300,000	Bank of Montreal		1.400		04/10/18		301,326
	500,000	Bank of Montreal		1.800		07/31/18		506,142
	300,000	Bank of Montreal		2.375		01/25/19		307,979
	400,000	Bank of Montreal		2.550		11/06/22		413,573
	150,000	Bank of Nova Scotia		2.550		01/12/17		151,221
	500,000	Bank of Nova Scotia		1.250		04/11/17		500,741
	300,000	Bank of Nova Scotia		1.300		07/21/17		300,548
	400,000	Bank of Nova Scotia		1.375		12/18/17		401,273
	350,000	Bank of Nova Scotia		1.450		04/25/18		351,246
	500,000	Bank of Nova Scotia		1.700		06/11/18		504,605
	500,000	Bank of Nova Scotia		2.050		10/30/18		508,047
	300,000	Bank of Nova Scotia		1.950		01/15/19		304,444
	500,000	Bank of Nova Scotia		1.650		06/14/19		502,999
	1,000,000	Bank of Nova Scotia		2.125		09/11/19		1,025,918
	500,000	Bank of Nova Scotia		2.350		10/21/20		511,302
	200,000	Bank of Nova Scotia		4.375		01/13/21		221,152
	300,000	Bank of Nova Scotia		2.450		03/22/21		308,286
	1,000,000	Bank of Nova Scotia		1.875		04/26/21		1,007,979
	300,000	Bank of Nova Scotia		2.800		07/21/21		313,006
	500,000	Bank of Nova Scotia		4.500		12/16/25		519,737
	1,000,000	Barclays plc		2.000		03/16/18		992,299
	500,000	Barclays plc		2.875		06/08/20		492,714
	600,000	Barclays plc		3.250		01/12/21		597,898
	725,000	Barclays plc		3.650		03/16/25		697,138
	600,000	Barclays plc		4.375		01/12/26		605,820
	500,000	Barclays plc		5.200		05/12/26		505,181
	500,000	Barclays plc		5.250		08/17/45		522,917
	200,000	BB&T Corp		1.450		10/03/16		200,168

37

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	200,000	BB&T Corp		1.000	%	04/03/17	$	200,042
	70,000	BB&T Corp		4.900		06/30/17		72,400
	150,000	BB&T Corp		1.600		08/15/17		150,813
	500,000	BB&T Corp		1.350		10/01/17		501,277
	200,000	BB&T Corp		2.050		06/19/18		203,243
	500,000	BB&T Corp		2.250		02/01/19		512,155
	400,000	BB&T Corp		6.850		04/30/19		459,074
	300,000	BB&T Corp		2.625		06/29/20		309,923
	300,000	BB&T Corp		2.850		04/01/21		315,443
	500,000	BB&T Corp		2.050		05/10/21		507,300
	200,000	BB&T Corp		3.950		03/22/22		214,561
	500,000	BB&T Corp		3.800		10/30/26		550,964
	300,000	BPCE S.A.		1.625		01/26/18		301,123
	250,000	BPCE S.A.		2.500		12/10/18		256,357
	300,000	BPCE S.A.		2.500		07/15/19		307,157
	500,000	BPCE S.A.		2.250		01/27/20		508,205
	300,000	BPCE S.A.		2.650		02/03/21		308,589
	500,000	BPCE S.A.		4.000		04/15/24		544,935
	500,000	Branch Banking & Trust Co		1.450		05/10/19		502,005
	250,000	Branch Banking & Trust Co		3.625		09/16/25		269,269
	300,000	Canadian Imperial Bank of Commerce		1.550		01/23/18		301,315
	125,000	Capital One Bank USA NA		1.150		11/21/16		125,075
	300,000	Capital One Bank USA NA		1.500		09/05/17		299,862
	300,000	Capital One Bank USA NA		1.650		02/05/18		300,253
	250,000	Capital One Bank USA NA		1.500		03/22/18		249,228
	400,000	Capital One Bank USA NA		2.150		11/21/18		402,829
	300,000	Capital One Bank USA NA		2.250		02/13/19		303,835
	300,000	Capital One Bank USA NA		2.300		06/05/19		303,904
	800,000	Capital One Bank USA NA		2.400		09/05/19		813,071
	500,000	Capital One Bank USA NA		2.950		07/23/21		513,864
	972,000	Capital One Bank USA NA		3.375		02/15/23		994,604
	500,000	Capital One NA		2.350		08/17/18		507,110
	500,000	Citigroup, Inc		1.550		08/14/17		501,626
	500,000	Citigroup, Inc		1.850		11/24/17		502,763
	500,000	Citigroup, Inc		1.800		02/05/18		502,204
	1,000,000	Citigroup, Inc		1.700		04/27/18		1,001,603
	750,000	Citigroup, Inc		1.750		05/01/18		753,297
	500,000	Citigroup, Inc		2.150		07/30/18		506,094
	300,000	Citigroup, Inc		2.500		09/26/18		305,946
	500,000	Citigroup, Inc		2.050		12/07/18		503,973
	500,000	Citigroup, Inc		2.550		04/08/19		511,695
	1,000,000	Citigroup, Inc		2.050		06/07/19		1,007,444
	2,250,000	Citigroup, Inc		2.700		03/30/21		2,293,324
	2,700,000	Citigroup, Inc		4.500		01/14/22		2,984,782
	2,600,000	Citigroup, Inc		3.500		05/15/23		2,653,721
	500,000	Citigroup, Inc		4.000		08/05/24		514,200
	750,000	Citigroup, Inc		3.875		03/26/25		757,936
	1,000,000	Citigroup, Inc		3.300		04/27/25		1,024,800
	525,000	Citigroup, Inc		4.400		06/10/25		547,989
	400,000	Citigroup, Inc		5.500		09/13/25		448,585
	1,000,000	Citigroup, Inc		3.700		01/12/26		1,053,225
	750,000	Citigroup, Inc		4.600		03/09/26		793,124

38

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000		Citigroup, Inc		3.400	%	05/01/26	$	1,026,201
	1,100,000		Citigroup, Inc		4.300		11/20/26		1,133,887
	1,250,000		Citigroup, Inc		4.450		09/29/27		1,285,107
	200,000		Citigroup, Inc		5.875		01/30/42		253,317
	225,000		Citigroup, Inc		6.675		09/13/43		289,038
	750,000		Citigroup, Inc		4.650		07/30/45		824,778
	500,000		Citigroup, Inc		4.750		05/18/46		500,968
	300,000		Citizens Bank NA		1.600		12/04/17		300,130
	300,000		Citizens Bank NA		2.300		12/03/18		303,926
	250,000		Citizens Bank NA		2.500		03/14/19		253,560
	300,000		Citizens Bank NA		2.450		12/04/19		303,978
	150,000		Citizens Bank NA		2.550		05/13/21		151,465
	100,000		Citizens Financial Group, Inc		4.350		08/01/25		105,283
	300,000		Citizens Financial Group, Inc		4.300		12/03/25		315,920
	200,000		Comerica Bank		4.000		07/27/25		206,485
	50,000		Comerica, Inc		5.200		08/22/17		52,061
	300,000		Comerica, Inc		2.500		06/02/20		308,793
	200,000		Comerica, Inc		3.800		07/22/26		203,599
	500,000		Commonwealth Bank of Australia		1.400		09/08/17		501,760
	250,000		Commonwealth Bank of Australia		1.900		09/18/17		252,269
	500,000		Commonwealth Bank of Australia		1.750		11/02/18		503,588
	750,000		Commonwealth Bank of Australia		2.250		03/13/19		766,573
	500,000		Commonwealth Bank of Australia		2.050		03/15/19		506,976
	500,000		Commonwealth Bank of Australia		2.300		09/06/19		511,733
	500,000		Commonwealth Bank of Australia		2.400		11/02/20		514,987
	300,000		Commonwealth Bank of Australia		2.550		03/15/21		309,448
	300,000		Compass Bank		1.850		09/29/17		299,222
	300,000		Compass Bank		2.750		09/29/19		296,268
	275,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		1.700		03/19/18		277,418
	500,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		2.250		01/14/19		509,627
	500,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		2.250		01/14/20		508,505
	1,500,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.875		02/08/22		1,629,799
	1,000,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.375		05/21/25		1,045,293
	400,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		5.750		12/01/43		472,166
	1,100,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		5.250		08/04/45		1,228,124
	1,000,000		Cooperatieve Rabobank UA		2.500		01/19/21		1,025,435
	200,000		Corpbanca S.A.		3.125		01/15/18		202,740
	1,300,000		Deutsche Bank AG		1.875		02/13/18		1,291,861
	1,750,000		Deutsche Bank AG		2.500		02/13/19		1,754,847
	250,000		Deutsche Bank AG		2.850		05/10/19		250,242
	500,000	i	Deutsche Bank AG		4.296		05/24/28		437,441
	300,000		Deutsche Bank AG.		3.125		01/13/21		299,651
	500,000		Deutsche Bank AG.		3.375		05/12/21		501,774
	300,000		Deutsche Bank AG.		4.100		01/13/26		298,081
	400,000		Discover Bank		2.000		02/21/18		401,294
	500,000		Discover Bank		2.600		11/13/18		507,521
	215,000		Discover Bank		7.000		04/15/20		244,884
	300,000		Discover Bank		3.100		06/04/20		306,870
	300,000		Discover Bank		3.200		08/09/21		305,251
	400,000		Discover Bank		4.200		08/08/23		422,970
	200,000		Discover Bank		4.250		03/13/26		209,294
	500,000		Fifth Third Bancorp		2.150		08/20/18		507,810

39

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	300,000	Fifth Third Bancorp		2.300	%	03/01/19	$	305,623
	250,000	Fifth Third Bancorp		2.300		03/15/19		254,917
	375,000	Fifth Third Bancorp		2.375		04/25/19		384,505
	400,000	Fifth Third Bancorp		2.875		07/27/20		416,864
	200,000	Fifth Third Bancorp		2.875		10/01/21		206,601
	200,000	Fifth Third Bancorp		3.500		03/15/22		211,830
	500,000	Fifth Third Bancorp		4.300		01/16/24		535,135
	600,000	Fifth Third Bancorp		3.850		03/15/26		630,420
	140,000	Fifth Third Bancorp		8.250		03/01/38		209,378
	300,000	Fifth Third Bank		2.250		06/14/21		304,870
	200,000	First Horizon National Corp		3.500		12/15/20		201,851
	250,000	First Republic Bank		2.375		06/17/19		252,924
	250,000	First Tennessee Bank NA		2.950		12/01/19		251,140
	100,000	FirstMerit Corp		4.350		02/04/23		104,799
	250,000	FirstMerit Corp		4.270		11/25/26		260,326
	750,000	HSBC Bank USA NA		4.875		08/24/20		814,873
	266,000	HSBC Bank USA NA		5.875		11/01/34		316,747
	33,000	HSBC Bank USA NA		7.000		01/15/39		42,016
	950,000	HSBC Holdings plc		3.400		03/08/21		979,004
	400,000	HSBC Holdings plc		2.950		05/25/21		404,188
	150,000	HSBC Holdings plc		4.875		01/14/22		164,616
	500,000	HSBC Holdings plc		3.600		05/25/23		511,057
	1,350,000	HSBC Holdings plc		4.250		03/14/24		1,367,177
	1,000,000	HSBC Holdings plc		4.250		08/18/25		1,009,551
	1,225,000	HSBC Holdings plc		4.300		03/08/26		1,299,765
	300,000	HSBC Holdings plc		3.900		05/25/26		309,626
	2,325,000	HSBC Holdings plc		6.500		09/15/37		2,808,893
	550,000	HSBC Holdings plc		6.100		01/14/42		711,879
	275,000	HSBC Holdings plc		5.250		03/14/44		289,793
	750,000	HSBC USA, Inc		2.625		09/24/18		761,714
	500,000	HSBC USA, Inc		2.250		06/23/19		503,441
	750,000	HSBC USA, Inc		2.375		11/13/19		756,010
	2,500,000	HSBC USA, Inc		2.350		03/05/20		2,499,385
	750,000	HSBC USA, Inc		2.750		08/07/20		755,968
	1,000,000	HSBC USA, Inc		3.500		06/23/24		1,027,704
	200,000	Huntington Bancshares, Inc		2.600		08/02/18		203,832
	500,000	Huntington Bancshares, Inc		3.150		03/14/21		518,012
	200,000	Huntington National Bank		1.300		11/20/16		200,225
	300,000	Huntington National Bank		1.700		02/26/18		301,492
	250,000	Huntington National Bank		2.000		06/30/18		252,482
	250,000	Huntington National Bank		2.200		11/06/18		253,060
	300,000	Huntington National Bank		2.200		04/01/19		302,771
	300,000	Huntington National Bank		2.400		04/01/20		304,517
	750,000	Industrial & Commercial Bank of China Ltd		2.351		11/13/17		756,796
	300,000	Industrial & Commercial Bank of China Ltd		2.157		11/13/18		302,098
	250,000	Industrial & Commercial Bank of China Ltd		3.231		11/13/19		259,759
	1,300,000	Industrial & Commercial Bank of China Ltd		2.905		11/13/20		1,330,438
	300,000	Industrial & Commercial Bank of China Ltd		2.635		05/26/21		302,594
	625,000	Intesa Sanpaolo S.p.A		3.875		01/16/18		641,249
	500,000	Intesa Sanpaolo S.p.A		3.875		01/15/19		513,901
	200,000	Intesa Sanpaolo S.p.A		5.250		01/12/24		212,952
	1,850,000	JPMorgan Chase & Co		2.000		08/15/17		1,867,257

40

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	335,000		JPMorgan Chase & Co		6.000	%	01/15/18	$	358,452
	400,000		JPMorgan Chase & Co		1.800		01/25/18		403,161
	1,500,000		JPMorgan Chase & Co		1.700		03/01/18		1,508,353
	500,000		JPMorgan Chase & Co		1.625		05/15/18		502,404
	1,000,000		JPMorgan Chase & Co		2.350		01/28/19		1,024,656
	500,000		JPMorgan Chase & Co		1.850		03/22/19		505,181
	1,000,000		JPMorgan Chase & Co		2.200		10/22/19		1,016,459
	1,750,000		JPMorgan Chase & Co		2.250		01/23/20		1,773,459
	180,000		JPMorgan Chase & Co		4.950		03/25/20		198,986
	1,350,000		JPMorgan Chase & Co		2.750		06/23/20		1,391,206
	700,000		JPMorgan Chase & Co		4.400		07/22/20		763,966
	1,820,000		JPMorgan Chase & Co		4.250		10/15/20		1,983,896
	1,000,000		JPMorgan Chase & Co		2.550		10/29/20		1,021,788
	2,000,000		JPMorgan Chase & Co		2.550		03/01/21		2,040,768
	1,000,000		JPMorgan Chase & Co		2.400		06/07/21		1,013,738
	1,950,000		JPMorgan Chase & Co		4.350		08/15/21		2,145,501
	500,000		JPMorgan Chase & Co		4.500		01/24/22		556,489
	3,150,000		JPMorgan Chase & Co		3.250		09/23/22		3,293,533
	1,100,000		JPMorgan Chase & Co		3.200		01/25/23		1,140,607
	1,750,000		JPMorgan Chase & Co		3.375		05/01/23		1,784,430
	500,000		JPMorgan Chase & Co		2.700		05/18/23		505,157
	1,000,000		JPMorgan Chase & Co		3.625		05/13/24		1,062,316
	1,500,000		JPMorgan Chase & Co		3.875		09/10/24		1,551,953
	600,000		JPMorgan Chase & Co		3.900		07/15/25		648,410
	750,000		JPMorgan Chase & Co		3.300		04/01/26		776,519
	1,000,000		JPMorgan Chase & Co		3.200		06/15/26		1,028,371
	1,000,000		JPMorgan Chase & Co		4.125		12/15/26		1,060,090
	650,000		JPMorgan Chase & Co		4.250		10/01/27		690,593
	958,000		JPMorgan Chase & Co		5.500		10/15/40		1,201,693
	1,000,000		JPMorgan Chase & Co		5.625		08/16/43		1,166,996
	1,300,000		JPMorgan Chase & Co		4.950		06/01/45		1,428,344
	750,000	i	JPMorgan Chase & Co		6.000		12/30/49		765,938
	500,000		KeyBank NA		1.650		02/01/18		502,900
	200,000		KeyBank NA		2.350		03/08/19		204,300
	250,000		KeyBank NA		2.500		12/15/19		256,359
	175,000		KeyBank NA		2.250		03/16/20		177,421
	300,000		KeyBank NA		3.180		05/22/22		308,348
	500,000		KeyBank NA		3.300		06/01/25		529,071
	300,000		KeyBank NA		3.400		05/20/26		304,207
	400,000		KeyCorp		2.300		12/13/18		406,519
	200,000		KeyCorp		2.900		09/15/20		206,877
	150,000		KeyCorp		5.100		03/24/21		168,756
	300,000		Lloyds Bank plc		2.000		08/17/18		299,664
	500,000		Lloyds Bank plc		2.300		11/27/18		502,815
	1,000,000		Lloyds Bank plc		2.050		01/22/19		997,406
	300,000		Lloyds Bank plc		2.400		03/17/20		302,615
	300,000		Lloyds Bank plc		2.700		08/17/20		305,261
	1,350,000		Lloyds Bank plc		3.500		05/14/25		1,387,815
	125,000		Lloyds Banking Group plc		3.100		07/06/21		124,908
	500,000		Lloyds Banking Group plc		4.500		11/04/24		507,464
	300,000		Lloyds Banking Group plc		4.650		03/24/26		303,934
	200,000	g	Lloyds Banking Group plc		5.300		12/01/45		209,148

41

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	300,000		Manufacturers & Traders Trust Co		1.400	%	07/25/17	$	300,316
	200,000		Manufacturers & Traders Trust Co		1.450		03/07/18		200,454
	300,000		Manufacturers & Traders Trust Co		2.300		01/30/19		305,939
	300,000		Manufacturers & Traders Trust Co		2.250		07/25/19		306,306
	150,000		Manufacturers & Traders Trust Co		2.100		02/06/20		151,772
	280,000	i	Manufacturers & Traders Trust Co		5.629		12/01/21		272,300
	100,000		Manufacturers & Traders Trust Co		2.900		02/06/25		102,544
	625,000		Mitsubishi UFJ Financial Group, Inc		2.950		03/01/21		647,403
	1,600,000		Mitsubishi UFJ Financial Group, Inc		3.850		03/01/26		1,746,478
	200,000		MUFG Americas Holdings Corp		1.625		02/09/18		200,189
	500,000		MUFG Americas Holdings Corp		2.250		02/10/20		503,651
	200,000		MUFG Americas Holdings Corp		3.000		02/10/25		203,532
	350,000		National Australia Bank Ltd		1.875		07/23/18		354,369
	300,000		National Australia Bank Ltd		2.300		07/25/18		305,757
	300,000		National Australia Bank Ltd		2.000		01/14/19		304,156
	350,000		National Australia Bank Ltd		2.625		07/23/20		362,059
	300,000		National Australia Bank Ltd		2.625		01/14/21		311,066
	200,000		National Australia Bank Ltd		3.000		01/20/23		209,281
	300,000		National Australia Bank Ltd		3.375		01/14/26		320,939
	500,000		National Bank of Canada		1.450		11/07/17		501,545
	400,000		National Bank of Canada		2.100		12/14/18		405,318
	350,000		Northern Trust Corp		2.375		08/02/22		360,613
	500,000		Northern Trust Corp		3.950		10/30/25		558,494
	300,000		People’s United Bank		4.000		07/15/24		306,350
	100,000		People’s United Financial, Inc		3.650		12/06/22		102,944
	300,000		PNC Bank NA		1.500		10/18/17		301,424
	300,000		PNC Bank NA		1.500		02/23/18		302,122
	300,000		PNC Bank NA		1.600		06/01/18		303,015
	375,000		PNC Bank NA		1.850		07/20/18		379,145
	300,000		PNC Bank NA		1.800		11/05/18		303,638
	150,000		PNC Bank NA		2.200		01/28/19		153,051
	500,000		PNC Bank NA		1.950		03/04/19		507,526
	800,000		PNC Bank NA		2.250		07/02/19		817,190
	600,000		PNC Bank NA		2.400		10/18/19		616,115
	300,000		PNC Bank NA		2.300		06/01/20		307,339
	300,000		PNC Bank NA		2.600		07/21/20		310,690
	300,000		PNC Bank NA		2.450		11/05/20		308,274
	500,000		PNC Bank NA		2.150		04/29/21		510,047
	750,000		PNC Bank NA		2.700		11/01/22		758,112
	500,000		PNC Bank NA		2.950		01/30/23		509,333
	300,000		PNC Bank NA		2.950		02/23/25		309,980
	550,000		PNC Bank NA		3.250		06/01/25		584,640
	150,000		PNC Financial Services Group, Inc (Step Bond)		2.854		11/09/22		155,548
	300,000		PNC Financial Services Group, Inc		3.900		04/29/24		321,992
	645,000		PNC Funding Corp		5.125		02/08/20		721,680
	50,000		PNC Funding Corp		4.375		08/11/20		54,770
	500,000		Rabobank Nederland NV		4.500		01/11/21		555,588
	350,000		Rabobank Nederland NV		5.250		05/24/41		435,783
	250,000		Regions Bank		2.250		09/14/18		251,665
	1,100,000		Regions Financial Corp		2.000		05/15/18		1,101,923
	600,000		Regions Financial Corp		3.200		02/08/21		617,641
	750,000		Royal Bank of Canada		1.125		07/22/16		750,206

42

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	500,000	Royal Bank of Canada		1.200	%	09/19/17	$	501,085
	500,000	Royal Bank of Canada		1.400		10/13/17		501,576
	200,000	Royal Bank of Canada		1.500		06/07/18		201,045
	500,000	Royal Bank of Canada		2.200		07/27/18		509,820
	900,000	Royal Bank of Canada		1.800		07/30/18		909,797
	500,000	Royal Bank of Canada		2.000		10/01/18		506,953
	750,000	Royal Bank of Canada		2.000		12/10/18		763,930
	600,000	Royal Bank of Canada		2.150		03/15/19		613,372
	750,000	Royal Bank of Canada		1.625		04/15/19		756,710
	1,000,000	Royal Bank of Canada		2.200		09/23/19		1,026,544
	750,000	Royal Bank of Canada		1.875		02/05/20		759,924
	250,000	Royal Bank of Canada		2.150		03/06/20		254,333
	500,000	Royal Bank of Canada		2.100		10/14/20		510,091
	500,000	Royal Bank of Canada		2.350		10/30/20		513,799
	500,000	Royal Bank of Canada		2.500		01/19/21		517,428
	750,000	Royal Bank of Canada		2.300		03/22/21		771,015
	500,000	Royal Bank of Canada		4.650		01/27/26		535,239
	750,000	Royal Bank of Scotland Group plc		4.800		04/05/26		762,803
	500,000	Santander Bank NA		2.000		01/12/18		499,718
	200,000	Santander Holdings USA, Inc		3.450		08/27/18		204,144
	400,000	Santander Holdings USA, Inc		2.700		05/24/19		400,993
	250,000	Santander Holdings USA, Inc		2.650		04/17/20		246,890
	250,000	Santander Holdings USA, Inc		4.500		07/17/25		257,257
	400,000	Santander Issuances SAU		5.179		11/19/25		399,800
	300,000	Santander UK Group Holdings plc		2.875		10/16/20		297,682
	200,000	Santander UK Group Holdings plc		3.125		01/08/21		200,435
	500,000	Santander UK plc		3.050		08/23/18		511,819
	500,000	Santander UK plc		2.000		08/24/18		500,746
	500,000	Santander UK plc		2.500		03/14/19		505,145
	500,000	Santander UK plc		2.350		09/10/19		502,819
	500,000	Santander UK plc		4.000		03/13/24		537,053
	500,000	Skandinaviska Enskilda Banken AB		2.625		03/15/21		515,833
	250,000	Societe Generale S.A.		2.750		10/12/17		254,093
	400,000	Societe Generale S.A.		2.625		10/01/18		409,460
	250,000	Sovereign Bank		8.750		05/30/18		278,409
	500,000	Sumitomo Mitsui Banking Corp		1.350		07/11/17		500,025
	250,000	Sumitomo Mitsui Banking Corp		1.800		07/18/17		251,405
	300,000	Sumitomo Mitsui Banking Corp		1.500		01/18/18		300,695
	250,000	Sumitomo Mitsui Banking Corp		2.500		07/19/18		255,170
	250,000	Sumitomo Mitsui Banking Corp		1.950		07/23/18		252,754
	300,000	Sumitomo Mitsui Banking Corp		2.450		01/10/19		306,398
	500,000	Sumitomo Mitsui Banking Corp		2.050		01/18/19		504,646
	500,000	Sumitomo Mitsui Banking Corp		2.250		07/11/19		507,332
	250,000	Sumitomo Mitsui Banking Corp		2.650		07/23/20		258,261
	300,000	Sumitomo Mitsui Banking Corp		2.450		10/20/20		307,187
	250,000	Sumitomo Mitsui Banking Corp		3.200		07/18/22		262,251
	300,000	Sumitomo Mitsui Banking Corp		3.000		01/18/23		309,875
	300,000	Sumitomo Mitsui Banking Corp		3.950		01/10/24		328,437
	500,000	Sumitomo Mitsui Banking Corp		3.400		07/11/24		531,907
	250,000	Sumitomo Mitsui Banking Corp		3.650		07/23/25		271,168
	500,000	Sumitomo Mitsui Financial Group, Inc		2.934		03/09/21		521,191
	500,000	Sumitomo Mitsui Financial Group, Inc		3.784		03/09/26		544,775

43

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	200,000	SunTrust Bank		3.300	%	05/15/26	$	201,734
	150,000	SunTrust Banks, Inc		3.500		01/20/17		151,670
	100,000	SunTrust Banks, Inc		6.000		09/11/17		105,367
	300,000	SunTrust Banks, Inc		7.250		03/15/18		326,979
	200,000	SunTrust Banks, Inc		2.350		11/01/18		203,408
	300,000	SunTrust Banks, Inc		2.900		03/03/21		310,646
	225,000	SunTrust Banks, Inc		2.750		05/01/23		226,446
	50,000	SVB Financial Group		5.375		09/15/20		55,819
	200,000	Svenska Handelsbanken AB		3.125		07/12/16		200,093
	300,000	Svenska Handelsbanken AB		2.875		04/04/17		303,808
	500,000	Svenska Handelsbanken AB		1.625		03/21/18		503,189
	300,000	Svenska Handelsbanken AB		2.500		01/25/19		308,914
	500,000	Svenska Handelsbanken AB		2.250		06/17/19		511,512
	300,000	Svenska Handelsbanken AB		2.400		10/01/20		307,445
	750,000	Svenska Handelsbanken AB		2.450		03/30/21		770,558
	500,000	Toronto-Dominion Bank		1.125		05/02/17		500,420
	500,000	Toronto-Dominion Bank		1.625		03/13/18		504,663
	400,000	Toronto-Dominion Bank		1.400		04/30/18		401,491
	400,000	Toronto-Dominion Bank		1.750		07/23/18		404,096
	600,000	Toronto-Dominion Bank		2.625		09/10/18		617,251
	500,000	Toronto-Dominion Bank		1.950		01/22/19		507,571
	500,000	Toronto-Dominion Bank		2.125		07/02/19		511,788
	300,000	Toronto-Dominion Bank		2.250		11/05/19		307,854
	300,000	Toronto-Dominion Bank		2.500		12/14/20		310,338
	900,000	Toronto-Dominion Bank		2.125		04/07/21		916,011
	250,000	Union Bank NA		2.625		09/26/18		255,474
	225,000	UnionBanCal Corp		3.500		06/18/22		238,895
	940,000	US Bancorp		1.650		05/15/17		944,507
	1,000,000	US Bancorp		1.950		11/15/18		1,019,681
	500,000	US Bancorp		2.200		04/25/19		512,913
	200,000	US Bancorp		2.950		07/15/22		208,154
	375,000	US Bancorp		3.700		01/30/24		412,675
	500,000	US Bancorp		3.600		09/11/24		538,828
	750,000	US Bancorp		3.100		04/27/26		780,526
	500,000	US Bank NA		1.350		01/26/18		501,869
	500,000	US Bank NA		1.400		04/26/19		503,013
	500,000	US Bank NA		2.125		10/28/19		512,465
	500,000	US Bank NA		2.800		01/27/25		520,918
	1,000,000	Wells Fargo Bank NA		1.650		01/22/18		1,008,509
	500,000	Wells Fargo Bank NA		1.750		05/24/19		506,398
	500,000	Westpac Banking Corp		1.200		05/19/17		500,738
	400,000	Westpac Banking Corp		2.000		08/14/17		403,924
	500,000	Westpac Banking Corp		1.500		12/01/17		502,456
	750,000	Westpac Banking Corp		1.600		01/12/18		754,149
	500,000	Westpac Banking Corp		2.250		07/30/18		509,703
	1,500,000	Westpac Banking Corp		1.950		11/23/18		1,519,827
	500,000	Westpac Banking Corp		2.250		01/17/19		510,542
	500,000	Westpac Banking Corp		1.650		05/13/19		501,455
	75,000	Westpac Banking Corp		4.875		11/19/19		82,976
	600,000	Westpac Banking Corp		2.300		05/26/20		611,718
	500,000	Westpac Banking Corp		2.100		05/13/21		504,849
	500,000	Westpac Banking Corp		2.850		05/13/26		507,814
		TOTAL BANKS						252,607,741

44

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
CAPITAL GOODS - 0.9%
$	42,000	Agilent Technologies, Inc		6.500	%	11/01/17	$	44,428
	100,000	Agilent Technologies, Inc		5.000		07/15/20		110,239
	100,000	Agilent Technologies, Inc		3.200		10/01/22		102,981
	400,000	Agilent Technologies, Inc		3.875		07/15/23		423,587
	250,000	Applied Materials, Inc		2.625		10/01/20		259,967
	200,000	Applied Materials, Inc		4.300		06/15/21		223,124
	250,000	Applied Materials, Inc		3.900		10/01/25		278,020
	250,000	Applied Materials, Inc		5.100		10/01/35		284,464
	100,000	Applied Materials, Inc		5.850		06/15/41		122,299
	200,000	Arrow Electronics, Inc		3.000		03/01/18		202,049
	200,000	Arrow Electronics, Inc		5.125		03/01/21		217,309
	200,000	Arrow Electronics, Inc		3.500		04/01/22		204,972
	200,000	Arrow Electronics, Inc		4.000		04/01/25		204,701
	300,000	Avnet, Inc		4.875		12/01/22		325,912
	200,000	Avnet, Inc		4.625		04/15/26		207,836
	100,000	Carlisle Cos, Inc		5.125		12/15/20		109,308
	100,000	Carlisle Cos, Inc		3.750		11/15/22		102,887
	500,000	Caterpillar Financial Services Corp		5.850		09/01/17		527,111
	500,000	Caterpillar Financial Services Corp		1.250		11/06/17		501,881
	300,000	Caterpillar Financial Services Corp		1.500		02/23/18		302,694
	200,000	Caterpillar Financial Services Corp		5.450		04/15/18		214,991
	200,000	Caterpillar Financial Services Corp		2.450		09/06/18		205,963
	1,361,000	Caterpillar Financial Services Corp		7.150		02/15/19		1,563,206
	300,000	Caterpillar Financial Services Corp		1.350		05/18/19		301,389
	300,000	Caterpillar Financial Services Corp		2.100		06/09/19		308,040
	150,000	Caterpillar Financial Services Corp		2.250		12/01/19		154,435
	200,000	Caterpillar Financial Services Corp		2.000		03/05/20		205,167
	200,000	Caterpillar Financial Services Corp		2.500		11/13/20		208,005
	200,000	Caterpillar Financial Services Corp		2.750		08/20/21		211,062
	700,000	Caterpillar Financial Services Corp		3.750		11/24/23		774,343
	400,000	Caterpillar Financial Services Corp		3.300		06/09/24		427,124
	525,000	Caterpillar Financial Services Corp		3.250		12/01/24		563,080
	50,000	Caterpillar, Inc		5.700		08/15/16		50,273
	200,000	Caterpillar, Inc		3.900		05/27/21		220,492
	200,000	Caterpillar, Inc		3.400		05/15/24		215,033
	738,000	Caterpillar, Inc		3.803		08/15/42		751,631
	300,000	Caterpillar, Inc		4.300		05/15/44		330,820
	100,000	Crane Co		2.750		12/15/18		102,779
	300,000	CRH America, Inc		5.750		01/15/21		341,648
	200,000	Cummins, Inc		3.650		10/01/23		217,473
	200,000	Cummins, Inc		4.875		10/01/43		232,433
	450,000	Danaher Corp		5.625		01/15/18		482,714
	300,000	Danaher Corp		2.400		09/15/20		312,960
	200,000	Danaher Corp		3.900		06/23/21		219,669
	200,000	Danaher Corp		3.350		09/15/25		220,707
	200,000	Danaher Corp		4.375		09/15/45		233,490
	150,000	Deere & Co		2.600		06/08/22		154,070
	218,000	Deere & Co		5.375		10/16/29		278,349
	650,000	Deere & Co		3.900		06/09/42		694,448

45

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	150,000		Dover Corp		5.450	%	03/15/18	$	160,413
	325,000		Dover Corp		3.150		11/15/25		342,869
	100,000		Dover Corp		5.375		03/01/41		127,261
	600,000		Eaton Corp		1.500		11/02/17		602,928
	200,000		Eaton Corp		5.600		05/15/18		215,128
	1,075,000		Eaton Corp		2.750		11/02/22		1,102,214
	150,000		Eaton Corp		4.000		11/02/32		159,477
	250,000		Eaton Corp		4.150		11/02/42		269,451
	300,000		Emerson Electric Co		5.250		10/15/18		328,720
	400,000		Emerson Electric Co		4.875		10/15/19		446,054
	350,000		Emerson Electric Co		2.625		02/15/23		362,907
	200,000		Emerson Electric Co		3.150		06/01/25		214,086
	200,000		Emerson Electric Co		5.250		11/15/39		251,364
	200,000		FLIR Systems, Inc		3.125		06/15/21		205,519
	150,000		Flowserve Corp		3.500		09/15/22		154,623
	200,000		Flowserve Corp		4.000		11/15/23		205,733
	100,000		FMC Technologies, Inc		2.000		10/01/17		99,313
	100,000		FMC Technologies, Inc		3.450		10/01/22		95,374
	100,000	g	Fortive Corp		1.800		06/15/19		100,641
	200,000	g	Fortive Corp		2.350		06/15/21		202,956
	275,000	g	Fortive Corp		3.150		06/15/26		282,982
	250,000	g	Fortive Corp		4.300		06/15/46		266,624
	600,000		General Dynamics Corp		2.250		11/15/22		613,427
	225,000		General Dynamics Corp		3.600		11/15/42		238,156
	100,000		IDEX Corp		4.500		12/15/20		107,569
	200,000		IDEX Corp		4.200		12/15/21		214,770
	300,000		Illinois Tool Works, Inc		1.950		03/01/19		307,054
	100,000		Illinois Tool Works, Inc		6.250		04/01/19		113,074
	200,000		Illinois Tool Works, Inc		4.875		09/15/41		243,438
	500,000		Illinois Tool Works, Inc		3.900		09/01/42		537,925
	170,000		Ingersoll-Rand Global Holding Co Ltd		6.875		08/15/18		188,957
	250,000		Ingersoll-Rand Global Holding Co Ltd		2.875		01/15/19		258,901
	300,000		Ingersoll-Rand Global Holding Co Ltd		4.250		06/15/23		333,163
	200,000		Ingersoll-Rand Global Holding Co Ltd		5.750		06/15/43		246,674
	100,000		Ingersoll-Rand Luxembourg Finance S.A.		2.625		05/01/20		101,622
	100,000		Ingersoll-Rand Luxembourg Finance S.A.		3.550		11/01/24		105,264
	100,000		John Deere Capital Corp		1.050		12/15/16		100,127
	100,000		John Deere Capital Corp		2.000		01/13/17		100,597
	800,000		John Deere Capital Corp		5.500		04/13/17		828,184
	300,000		John Deere Capital Corp		1.125		06/12/17		300,504
	250,000		John Deere Capital Corp		1.200		10/10/17		250,977
	500,000		John Deere Capital Corp		1.550		12/15/17		504,728
	500,000		John Deere Capital Corp		1.300		03/12/18		502,651
	350,000		John Deere Capital Corp		1.600		07/13/18		353,526
	500,000		John Deere Capital Corp		1.750		08/10/18		507,216
	200,000		John Deere Capital Corp		1.950		12/13/18		204,185
	300,000		John Deere Capital Corp		1.950		01/08/19		306,651
	350,000		John Deere Capital Corp		1.700		01/15/20		352,729
	125,000		John Deere Capital Corp		2.450		09/11/20		129,114
	175,000		John Deere Capital Corp		2.550		01/08/21		181,824
	400,000		John Deere Capital Corp		2.800		03/04/21		419,981
	200,000		John Deere Capital Corp		3.150		10/15/21		214,441

46

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	200,000	John Deere Capital Corp		2.800	%	01/27/23	$	209,098
	600,000	John Deere Capital Corp		2.800		03/06/23		629,694
	300,000	John Deere Capital Corp		3.350		06/12/24		323,219
	125,000	John Deere Capital Corp		3.400		09/11/25		135,217
	200,000	Kennametal, Inc		2.650		11/01/19		201,073
	150,000	Kennametal, Inc		3.875		02/15/22		152,746
	200,000	KLA-Tencor Corp		2.375		11/01/17		201,707
	200,000	KLA-Tencor Corp		3.375		11/01/19		206,824
	200,000	KLA-Tencor Corp		4.125		11/01/21		212,952
	200,000	KLA-Tencor Corp		4.650		11/01/24		218,269
	200,000	KLA-Tencor Corp		5.650		11/01/34		214,585
	200,000	Lam Research Corp		2.750		03/15/20		204,402
	400,000	Lam Research Corp		2.800		06/15/21		409,542
	400,000	Lam Research Corp		3.450		06/15/23		413,170
	200,000	Lam Research Corp		3.800		03/15/25		206,851
	400,000	Lam Research Corp		3.900		06/15/26		420,773
	100,000	Legrand France S.A.		8.500		02/15/25		135,768
	225,000	Lockheed Martin Corp		1.850		11/23/18		228,125
	1,075,000	Lockheed Martin Corp		2.500		11/23/20		1,108,980
	200,000	Lockheed Martin Corp		3.350		09/15/21		213,248
	500,000	Lockheed Martin Corp		3.100		01/15/23		527,186
	300,000	Lockheed Martin Corp		2.900		03/01/25		310,082
	200,000	Lockheed Martin Corp		3.550		01/15/26		218,197
	300,000	Lockheed Martin Corp		3.600		03/01/35		304,298
	500,000	Lockheed Martin Corp		4.500		05/15/36		558,422
	350,000	Lockheed Martin Corp		4.850		09/15/41		409,069
	1,108,000	Lockheed Martin Corp		4.070		12/15/42		1,179,182
	500,000	Lockheed Martin Corp		4.700		05/15/46		588,355
	300,000	Mosaic Co		4.250		11/15/23		323,244
	300,000	Mosaic Co		5.450		11/15/33		331,940
	100,000	Mosaic Co		4.875		11/15/41		100,954
	300,000	Mosaic Co		5.625		11/15/43		332,943
	250,000	Parker-Hannifin Corp		3.500		09/15/22		274,498
	300,000	Parker-Hannifin Corp		3.300		11/21/24		324,399
	200,000	Parker-Hannifin Corp		4.200		11/21/34		224,573
	200,000	Parker-Hannifin Corp		4.450		11/21/44		235,924
	225,000	Pentair Finance S.A.		2.650		12/01/19		225,032
	200,000	Pentair Finance S.A.		3.625		09/15/20		205,045
	100,000	Pentair Finance S.A.		3.150		09/15/22		99,152
	200,000	Pentair Finance S.A.		4.650		09/15/25		207,211
	775,000	Precision Castparts Corp		2.500		01/15/23		801,664
	300,000	Precision Castparts Corp		3.250		06/15/25		320,048
	400,000	Precision Castparts Corp		4.200		06/15/35		451,057
	100,000	Precision Castparts Corp		3.900		01/15/43		108,002
	50,000	Raytheon Co		4.400		02/15/20		55,380
	450,000	Raytheon Co		3.125		10/15/20		482,418
	500,000	Raytheon Co		2.500		12/15/22		520,886
	300,000	Raytheon Co		3.150		12/15/24		325,273
	200,000	Raytheon Co		7.200		08/15/27		286,531
	100,000	Raytheon Co		4.700		12/15/41		119,112
	150,000	Raytheon Co		4.200		12/15/44		172,063
	300,000	Reliance Steel & Aluminum Co		4.500		04/15/23		306,741

47

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	700,000	Rockwell Automation, Inc		2.050	%	03/01/20	$	711,487
	100,000	Rockwell Automation, Inc		6.250		12/01/37		135,797
	100,000	Rockwell Collins, Inc		3.100		11/15/21		105,351
	125,000	Rockwell Collins, Inc		3.700		12/15/23		136,758
	125,000	Rockwell Collins, Inc		4.800		12/15/43		148,421
	200,000	Roper Industries, Inc		1.850		11/15/17		201,244
	125,000	Roper Industries, Inc		2.050		10/01/18		126,518
	100,000	Roper Industries, Inc		6.250		09/01/19		112,640
	200,000	Roper Industries, Inc		3.125		11/15/22		204,705
	200,000	Roper Technologies, Inc		3.000		12/15/20		206,794
	200,000	Roper Technologies, Inc		3.850		12/15/25		213,489
	100,000	Snap-on, Inc		4.250		01/15/18		104,702
	200,000	Spirit AeroSystems, Inc		3.850		06/15/26		207,366
	200,000	Stanley Black & Decker, Inc		2.451		11/17/18		204,348
	250,000	Stanley Black & Decker, Inc		3.400		12/01/21		267,445
	600,000	Stanley Black & Decker, Inc		2.900		11/01/22		633,521
	100,000	Stanley Black & Decker, Inc		5.200		09/01/40		117,801
	250,000	Textron, Inc		5.600		12/01/17		262,883
	500,000	Textron, Inc		3.650		03/01/21		524,682
	150,000	Textron, Inc		4.000		03/15/26		157,898
	250,000	Timken Co		3.875		09/01/24		252,757
	200,000	Trinity Industries, Inc		4.550		10/01/24		188,876
	200,000	Tupperware Brands Corp		4.750		06/01/21		215,148
	300,000	Tyco International Finance S.A.		3.900		02/14/26		323,244
	200,000	Tyco International Finance S.A.		5.125		09/14/45		229,478
	250,000	United Technologies Corp		1.800		06/01/17		251,787
	1,400,000	United Technologies Corp		5.375		12/15/17		1,490,219
	500,000	United Technologies Corp (Step Bond)		1.778		05/04/18		504,492
	825,000	United Technologies Corp		3.100		06/01/22		879,512
	280,000	United Technologies Corp		5.400		05/01/35		346,159
	280,000	United Technologies Corp		6.050		06/01/36		373,934
	145,000	United Technologies Corp		5.700		04/15/40		191,748
	1,650,000	United Technologies Corp		4.500		06/01/42		1,891,809
	500,000	United Technologies Corp		4.150		05/15/45		548,530
	34,000	Valmont Industries, Inc		6.625		04/20/20		38,495
	200,000	Valmont Industries, Inc		5.000		10/01/44		189,966
	100,000	Valmont Industries, Inc		5.250		10/01/54		89,450
	300,000	WW Grainger, Inc		4.600		06/15/45		356,236
	200,000	WW Grainger, Inc		3.750		05/15/46		206,711
	300,000	Xylem, Inc		4.875		10/01/21		327,132
		TOTAL CAPITAL GOODS						60,670,286
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%
	355,000	21st Century Fox America, Inc		7.250		05/18/18		393,145
	1,250,000	21st Century Fox America, Inc		3.000		09/15/22		1,305,216
	200,000	21st Century Fox America, Inc		4.000		10/01/23		219,980
	200,000	21st Century Fox America, Inc		3.700		09/15/24		216,038
	200,000	21st Century Fox America, Inc		3.700		10/15/25		216,408
	1,325,000	21st Century Fox America, Inc		6.200		12/15/34		1,662,158
	1,000,000	21st Century Fox America, Inc		6.150		02/15/41		1,250,122
	225,000	21st Century Fox America, Inc		5.400		10/01/43		264,664
	500,000	21st Century Fox America, Inc		4.750		09/15/44		554,322

48

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	300,000		21st Century Fox America, Inc		4.950	%	10/15/45	$	341,826
	175,000		Air Lease Corp		2.125		01/15/18		174,125
	200,000		Air Lease Corp		2.625		09/04/18		199,958
	600,000		Air Lease Corp		3.375		01/15/19		612,000
	200,000		Air Lease Corp		3.875		04/01/21		206,000
	200,000		Air Lease Corp		3.375		06/01/21		204,304
	500,000		Air Lease Corp		3.750		02/01/22		512,232
	500,000		Daimler Finance North America LLC		8.500		01/18/31		812,790
	300,000		eBay, Inc		1.350		07/15/17		300,577
	400,000		eBay, Inc		2.500		03/09/18		407,300
	300,000		eBay, Inc		2.200		08/01/19		304,568
	200,000		eBay, Inc		3.250		10/15/20		209,089
	300,000		eBay, Inc		2.875		08/01/21		309,848
	400,000		eBay, Inc		2.600		07/15/22		396,131
	400,000		eBay, Inc		3.450		08/01/24		409,042
	200,000		eBay, Inc		4.000		07/15/42		168,658
	150,000		Equifax, Inc		6.300		07/01/17		157,071
	150,000		Equifax, Inc		2.300		06/01/21		152,137
	200,000		Equifax, Inc		3.300		12/15/22		211,186
	200,000		Equifax, Inc		3.250		06/01/26		206,637
	300,000		Fluor Corp		3.500		12/15/24		320,669
	200,000		Fortune Brands Home & Security, Inc		3.000		06/15/20		206,618
	200,000		Fortune Brands Home & Security, Inc		4.000		06/15/25		212,796
	500,000		Howard Hughes Medical Institute		3.500		09/01/23		551,998
	500,000		MasterCard, Inc		3.375		04/01/24		542,040
	200,000		Moody’s Corp		2.750		07/15/19		206,263
	400,000		Moody’s Corp		4.875		02/15/24		453,857
	200,000		Moody’s Corp		5.250		07/15/44		243,380
	100,000		Partners Healthcare System, Inc		4.117		07/01/55		111,652
	329,000		Reed Elsevier Capital, Inc		3.125		10/15/22		334,414
	63,000		Republic Services, Inc		5.500		09/15/19		70,352
	265,000		Republic Services, Inc		5.000		03/01/20		293,591
	580,000		Republic Services, Inc		5.250		11/15/21		670,410
	250,000		Republic Services, Inc		3.550		06/01/22		270,036
	750,000		Republic Services, Inc		3.200		03/15/25		783,791
	100,000	h	Republic Services, Inc		2.900		07/01/26		101,472
	30,000		Republic Services, Inc		6.200		03/01/40		40,523
	300,000		Republic Services, Inc		5.700		05/15/41		380,946
	200,000		S&P Global, Inc		5.900		11/15/17		211,379
	300,000		S&P Global, Inc		2.500		08/15/18		306,182
	300,000		S&P Global, Inc		3.300		08/14/20		313,901
	300,000		S&P Global, Inc		4.000		06/15/25		327,627
	300,000		S&P Global, Inc		4.400		02/15/26		336,872
	300,000		Thomson Reuters Corp		1.650		09/29/17		301,287
	345,000		Thomson Reuters Corp		6.500		07/15/18		378,274
	100,000		Thomson Reuters Corp		4.300		11/23/23		109,129
	200,000		Thomson Reuters Corp		3.350		05/15/26		204,545
	145,000		Thomson Reuters Corp		5.850		04/15/40		168,652
	400,000		Thomson Reuters Corp		4.500		05/23/43		396,744
	200,000		Thomson Reuters Corp		5.650		11/23/43		232,111
	750,000		Visa, Inc		1.200		12/14/17		754,658
	1,500,000		Visa, Inc		2.200		12/14/20		1,545,512

49

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	600,000	Visa, Inc		2.800	%	12/14/22	$	633,081
	1,425,000	Visa, Inc		3.150		12/14/25		1,524,258
	1,500,000	Visa, Inc		4.300		12/14/45		1,731,042
	310,000	Waste Management, Inc		4.600		03/01/21		344,663
	850,000	Waste Management, Inc		2.900		09/15/22		890,011
	100,000	Waste Management, Inc		2.400		05/15/23		101,482
	1,000,000	Waste Management, Inc		3.500		05/15/24		1,081,285
	100,000	Waste Management, Inc		3.900		03/01/35		104,847
		TOTAL COMMERCIAL & PROFESSIONAL SERVICES						30,169,882
CONSUMER DURABLES & APPAREL - 0.1%
	200,000	Hasbro, Inc		3.150		05/15/21		205,749
	100,000	Hasbro, Inc		6.350		03/15/40		121,724
	200,000	Hasbro, Inc		5.100		05/15/44		212,473
	200,000	Leggett & Platt, Inc		3.400		08/15/22		208,381
	150,000	Mattel, Inc		1.700		03/15/18		150,286
	200,000	Mattel, Inc		2.350		05/06/19		203,160
	100,000	Mattel, Inc		4.350		10/01/20		107,400
	150,000	Mattel, Inc		3.150		03/15/23		151,002
	100,000	Mattel, Inc		5.450		11/01/41		106,609
	100,000	Mohawk Industries, Inc		3.850		02/01/23		105,414
	100,000	Newell Rubbermaid, Inc		2.150		10/15/18		101,058
	900,000	Newell Rubbermaid, Inc		2.600		03/29/19		923,563
	300,000	Newell Rubbermaid, Inc		2.875		12/01/19		308,307
	250,000	Newell Rubbermaid, Inc		3.150		04/01/21		260,473
	200,000	Newell Rubbermaid, Inc		4.000		06/15/22		213,957
	350,000	Newell Rubbermaid, Inc		3.850		04/01/23		371,285
	200,000	Newell Rubbermaid, Inc		4.000		12/01/24		209,092
	100,000	Newell Rubbermaid, Inc		3.900		11/01/25		104,797
	425,000	Newell Rubbermaid, Inc		4.200		04/01/26		460,952
	350,000	Newell Rubbermaid, Inc		5.375		04/01/36		404,927
	750,000	Newell Rubbermaid, Inc		5.500		04/01/46		892,894
	300,000	Nike, Inc		2.250		05/01/23		309,322
	300,000	Nike, Inc		3.625		05/01/43		317,341
	500,000	NIKE, Inc		3.875		11/01/45		554,705
	150,000	NVR, Inc		3.950		09/15/22		158,997
	200,000	Ralph Lauren Corp		2.125		09/26/18		204,127
	200,000	Ralph Lauren Corp		2.625		08/18/20		208,701
	200,000	Signet UK Finance plc		4.700		06/15/24		195,270
	220,000	VF Corp		6.450		11/01/37		301,830
	400,000	Whirlpool Corp		1.650		11/01/17		402,498
	100,000	Whirlpool Corp		2.400		03/01/19		102,316
	150,000	Whirlpool Corp		4.700		06/01/22		167,578
	100,000	Whirlpool Corp		3.700		03/01/23		106,043
	100,000	Whirlpool Corp		4.000		03/01/24		108,553
	100,000	Whirlpool Corp		5.150		03/01/43		112,625
	200,000	Whirlpool Corp		4.500		06/01/46		208,080
		TOTAL CONSUMER DURABLES & APPAREL						9,281,489
CONSUMER SERVICES - 0.3%
	100,000	Board of Trustees of The Leland Stanford Junior University		4.750		05/01/19		109,799
	300,000	Board of Trustees of The Leland Stanford Junior University		3.460		05/01/47		327,326

50

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	200,000	Brinker International, Inc		3.875	%	05/15/23	$	202,963
	200,000	California Institute of Technology		4.321		08/01/45		238,827
	200,000	Catholic Health Initiatives		2.600		08/01/18		203,830
	500,000	Catholic Health Initiatives		2.950		11/01/22		511,751
	200,000	Catholic Health Initiatives		4.200		08/01/23		217,892
	100,000	Cintas Corp No 2		4.300		06/01/21		110,552
	200,000	Cintas Corp No 2		3.250		06/01/22		213,275
	100,000	Cornell University		5.450		02/01/19		110,436
	100,000	Darden Restaurants, Inc		6.800		10/15/37		116,760
	45,000	Dartmouth College		4.750		06/01/19		49,684
	300,000	Dun & Bradstreet Corp		3.250		12/01/17		302,112
	200,000	Dun & Bradstreet Corp		4.000		06/15/20		207,712
	100,000	George Washington University		3.485		09/15/22		107,379
	300,000	George Washington University		4.300		09/15/44		322,814
	200,000	George Washington University		4.868		09/15/45		240,008
	200,000	Hyatt Hotels Corp		3.375		07/15/23		202,414
	100,000	Hyatt Hotels Corp		4.850		03/15/26		108,810
	19,000	Johns Hopkins University		5.250		07/01/19		21,086
	200,000	Marriott International, Inc		3.000		03/01/19		206,398
	200,000	Marriott International, Inc		3.375		10/15/20		210,590
	300,000	Marriott International, Inc		2.875		03/01/21		310,155
	200,000	Marriott International, Inc		3.125		10/15/21		207,895
	200,000	Marriott International, Inc		2.300		01/15/22		200,758
	200,000	Marriott International, Inc		3.250		09/15/22		207,769
	200,000	Marriott International, Inc		3.125		06/15/26		202,319
	250,000	Massachusetts Institute of Technology		5.600		07/01/11		356,140
	200,000	Massachusetts Institute of Technology		4.678		07/01/14		238,554
	500,000	McDonald’s Corp		2.100		12/07/18		511,686
	300,000	McDonald’s Corp		1.875		05/29/19		303,559
	250,000	McDonald’s Corp		2.200		05/26/20		255,794
	720,000	McDonald’s Corp		3.500		07/15/20		766,786
	500,000	McDonald’s Corp		2.750		12/09/20		522,053
	550,000	McDonald’s Corp		2.625		01/15/22		566,268
	250,000	McDonald’s Corp		3.375		05/26/25		264,245
	500,000	McDonald’s Corp		3.700		01/30/26		540,494
	500,000	McDonald’s Corp		4.700		12/09/35		564,333
	280,000	McDonald’s Corp		6.300		03/01/38		371,146
	500,000	McDonald’s Corp		3.625		05/01/43		475,077
	250,000	McDonald’s Corp		4.600		05/26/45		279,230
	500,000	McDonald’s Corp		4.875		12/09/45		582,998
	200,000	Metropolitan Museum of Art		3.400		07/01/45		211,669
	200,000	Northwestern University		3.688		12/01/38		218,684
	200,000	Northwestern University		3.868		12/01/48		227,602
	750,000	President and Fellows of Harvard College		3.619		10/01/37		818,531
	100,000	Princeton University		4.950		03/01/19		110,008
	220,000	Princeton University		5.700		03/01/39		314,527
	200,000	Starwood Hotels & Resorts Worldwide, Inc		3.125		02/15/23		202,272
	200,000	Starwood Hotels & Resorts Worldwide, Inc		3.750		03/15/25		208,326
	200,000	Trinity Acquisition plc		3.500		09/15/21		207,341
	100,000	Trinity Acquisition plc		4.625		08/15/23		107,226
	200,000	Trinity Acquisition plc		4.400		03/15/26		208,927
	100,000	Trinity Acquisition plc		6.125		08/15/43		110,760

51

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	200,000	Trustees of Dartmouth College		3.474	%	06/01/46	$	213,417
	200,000	University of Notre Dame du Lac		3.438		02/15/45		207,229
	70,000	Walt Disney Co		5.625		09/15/16		70,666
	500,000	Walt Disney Co		0.875		05/30/17		500,736
	700,000	Walt Disney Co		1.100		12/01/17		703,138
	300,000	Walt Disney Co		1.650		01/08/19		305,818
	500,000	Walt Disney Co		1.850		05/30/19		511,342
	200,000	Walt Disney Co		2.150		09/17/20		207,018
	300,000	Walt Disney Co		2.300		02/12/21		312,167
	850,000	Walt Disney Co		2.550		02/15/22		893,586
	200,000	Walt Disney Co		3.150		09/17/25		221,232
	300,000	Walt Disney Co		3.000		02/13/26		322,911
	100,000	Walt Disney Co		4.375		08/16/41		117,091
	200,000	Walt Disney Co		3.700		12/01/42		213,930
	800,000	Walt Disney Co		4.125		06/01/44		909,133
	200,000	Wesleyan University		4.781		07/01/16		214,734
	200,000	William Marsh Rice University		3.574		05/15/45		215,008
	200,000	William Marsh Rice University		3.774		05/15/55		222,035
	150,000	Wyndham Worldwide Corp		2.500		03/01/18		151,564
	200,000	Wyndham Worldwide Corp		4.250		03/01/22		212,183
	200,000	Wyndham Worldwide Corp		3.900		03/01/23		204,834
	200,000	Wyndham Worldwide Corp		5.100		10/01/25		217,418
	200,000	Yale University		2.086		04/15/19		206,544
		TOTAL CONSUMER SERVICES						22,369,284
DIVERSIFIED FINANCIALS - 3.3%
	150,000	ABN Amro Bank NV		4.650		06/04/18		153,719
	200,000	Affiliated Managers Group, Inc		4.250		02/15/24		211,789
	20,000	Ahold Finance USA LLC		6.875		05/01/29		26,471
	400,000	American Express Co		6.150		08/28/17		422,127
	190,000	American Express Co		7.000		03/19/18		207,543
	1,300,000	American Express Co		1.550		05/22/18		1,306,432
	293,000	American Express Co		2.650		12/02/22		296,872
	300,000	American Express Co		3.625		12/05/24		307,823
	329,000	American Express Co		4.050		12/03/42		344,676
	500,000	American Express Credit Corp		1.125		06/05/17		499,936
	1,175,000	American Express Credit Corp		2.125		07/27/18		1,193,108
	500,000	American Express Credit Corp		1.800		07/31/18		504,432
	350,000	American Express Credit Corp		1.875		11/05/18		353,724
	750,000	American Express Credit Corp		2.125		03/18/19		765,448
	500,000	American Express Credit Corp		2.250		08/15/19		510,409
	575,000	American Express Credit Corp		2.375		05/26/20		588,357
	500,000	American Express Credit Corp		2.600		09/14/20		516,455
	275,000	American Express Credit Corp		2.250		05/05/21		279,969
	300,000	American Honda Finance Corp		1.200		07/14/17		300,435
	300,000	American Honda Finance Corp		1.500		03/13/18		302,938
	500,000	American Honda Finance Corp		1.600		07/13/18		505,569
	300,000	American Honda Finance Corp		2.125		10/10/18		308,020
	200,000	American Honda Finance Corp		1.700		02/22/19		203,292
	500,000	American Honda Finance Corp		2.250		08/15/19		516,275
	200,000	American Honda Finance Corp		2.150		03/13/20		205,269
	300,000	American Honda Finance Corp		2.450		09/24/20		311,605

52

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	295,000		Ameriprise Financial, Inc		5.300	%	03/15/20	$	330,594
	400,000		Ameriprise Financial, Inc		4.000		10/15/23		433,146
	300,000		Ameriprise Financial, Inc		3.700		10/15/24		319,698
	300,000		Ares Capital Corp		4.875		11/30/18		313,889
	150,000		Ares Capital Corp		3.875		01/15/20		155,162
	100,000	i	Bank of New York Mellon Corp (Step Bond)		1.969		06/20/17		100,866
	500,000		Bank of New York Mellon Corp		1.300		01/25/18		501,746
	1,000,000		Bank of New York Mellon Corp		2.300		09/11/19		1,020,391
	300,000		Bank of New York Mellon Corp		2.600		08/17/20		311,143
	500,000		Bank of New York Mellon Corp		2.450		11/27/20		514,482
	375,000		Bank of New York Mellon Corp		2.500		04/15/21		388,623
	300,000		Bank of New York Mellon Corp		2.050		05/03/21		304,746
	500,000		Bank of New York Mellon Corp		3.550		09/23/21		541,404
	250,000		Bank of New York Mellon Corp		3.650		02/04/24		273,549
	800,000		Bank of New York Mellon Corp		3.250		09/11/24		851,891
	500,000		Bank of New York Mellon Corp		3.000		02/24/25		524,446
	500,000		Bank of New York Mellon Corp		2.800		05/04/26		518,902
	500,000		Barclays Bank plc		5.140		10/14/20		529,920
	1,200,000		Barclays Bank plc		4.375		09/11/24		1,160,626
	116,000		Bear Stearns Cos LLC		5.550		01/22/17		118,688
	400,000		Berkshire Hathaway, Inc		1.550		02/09/18		404,643
	300,000		Berkshire Hathaway, Inc		2.100		08/14/19		309,098
	750,000		Berkshire Hathaway, Inc		2.200		03/15/21		773,774
	200,000		Berkshire Hathaway, Inc		3.750		08/15/21		220,705
	300,000		Berkshire Hathaway, Inc		3.000		02/11/23		316,946
	750,000		Berkshire Hathaway, Inc		2.750		03/15/23		775,218
	750,000		Berkshire Hathaway, Inc		3.125		03/15/26		786,817
	300,000		Berkshire Hathaway, Inc		4.500		02/11/43		343,054
	210,000		BlackRock, Inc		6.250		09/15/17		223,324
	390,000		BlackRock, Inc		5.000		12/10/19		436,777
	125,000		BlackRock, Inc		3.375		06/01/22		135,827
	500,000		BlackRock, Inc		3.500		03/18/24		542,661
	200,000		Block Financial LLC		5.500		11/01/22		216,283
	200,000		Block Financial LLC		5.250		10/01/25		214,510
	1,000,000		BNP Paribas S.A.		2.700		08/20/18		1,024,382
	300,000		BNP Paribas S.A.		2.400		12/12/18		305,859
	500,000		BNP Paribas S.A.		2.450		03/17/19		510,619
	825,000		BNP Paribas S.A.		2.375		05/21/20		840,815
	700,000		BNP Paribas S.A.		5.000		01/15/21		786,478
	300,000		BNP Paribas S.A.		3.250		03/03/23		312,101
	500,000		BNP Paribas S.A.		4.250		10/15/24		514,403
	200,000		Broadridge Financial Solutions, Inc		3.950		09/01/20		213,448
	200,000		Broadridge Financial Solutions, Inc		3.400		06/27/26		203,168
	300,000		Brookfield Asset Management, Inc		4.000		01/15/25		304,880
	500,000		Capital One Financial Corp		3.750		04/24/24		521,865
	200,000		Capital One Financial Corp		3.200		02/05/25		201,962
	500,000		Capital One Financial Corp		4.200		10/29/25		514,270
	300,000		Charles Schwab Corp		2.200		07/25/18		305,082
	100,000		Charles Schwab Corp		4.450		07/22/20		110,907
	200,000		Charles Schwab Corp		3.225		09/01/22		212,945
	200,000		Charles Schwab Corp		3.000		03/10/25		208,926
	350,000		CME Group, Inc		3.000		09/15/22		371,580

53

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	300,000		CME Group, Inc		3.000	%	03/15/25	$	313,526
	200,000		CME Group, Inc		5.300		09/15/43		255,696
	1,500,000		Credit Suisse		1.375		05/26/17		1,501,240
	750,000		Credit Suisse		1.700		04/27/18		750,802
	1,000,000		Credit Suisse		2.300		05/28/19		1,013,429
	2,250,000		Credit Suisse		5.400		01/14/20		2,442,744
	325,000		Credit Suisse		3.000		10/29/21		332,936
	1,000,000		Credit Suisse		3.625		09/09/24		1,033,363
	500,000		Credit Suisse Group Funding Guernsey Ltd		2.750		03/26/20		493,692
	750,000	g	Credit Suisse Group Funding Guernsey Ltd		3.125		12/10/20		748,933
	1,000,000	g	Credit Suisse Group Funding Guernsey Ltd		3.450		04/16/21		1,008,787
	450,000		Credit Suisse Group Funding Guernsey Ltd		3.800		09/15/22		452,005
	475,000	g	Credit Suisse Group Funding Guernsey Ltd		3.800		06/09/23		474,058
	1,050,000		Credit Suisse Group Funding Guernsey Ltd		3.750		03/26/25		1,028,173
	750,000	g	Credit Suisse Group Funding Guernsey Ltd		4.550		04/17/26		780,091
	750,000		Credit Suisse Group Funding Guernsey Ltd		4.875		05/15/45		747,351
	850,000		Diageo Investment Corp		2.875		05/11/22		893,283
	100,000		Diageo Investment Corp		4.250		05/11/42		110,511
	200,000		Digital Realty Trust LP		3.400		10/01/20		207,898
	200,000		Digital Realty Trust LP		3.950		07/01/22		209,531
	300,000		Digital Realty Trust LP		3.625		10/01/22		308,913
	200,000		Digital Realty Trust LP		4.750		10/01/25		214,899
	100,000		Discover Financial Services		5.200		04/27/22		109,710
	200,000		Discover Financial Services		3.950		11/06/24		205,077
	17,000		Eaton Vance Corp		6.500		10/02/17		17,947
	300,000		Eaton Vance Corp		3.625		06/15/23		322,150
	800,000		Ford Motor Credit Co LLC		3.000		06/12/17		811,377
	500,000		Ford Motor Credit Co LLC		1.724		12/06/17		501,070
	500,000		Ford Motor Credit Co LLC		2.145		01/09/18		504,378
	900,000		Ford Motor Credit Co LLC		2.375		01/16/18		911,070
	1,000,000		Ford Motor Credit Co LLC		5.000		05/15/18		1,059,534
	500,000		Ford Motor Credit Co LLC		2.240		06/15/18		504,920
	400,000		Ford Motor Credit Co LLC		2.875		10/01/18		410,372
	375,000		Ford Motor Credit Co LLC		2.551		10/05/18		381,932
	400,000		Ford Motor Credit Co LLC		2.943		01/08/19		411,659
	500,000		Ford Motor Credit Co LLC		2.375		03/12/19		507,013
	300,000		Ford Motor Credit Co LLC		2.021		05/03/19		302,575
	500,000		Ford Motor Credit Co LLC		2.597		11/04/19		511,540
	1,000,000		Ford Motor Credit Co LLC		2.459		03/27/20		1,008,338
	300,000		Ford Motor Credit Co LLC		3.200		01/15/21		309,056
	550,000		Ford Motor Credit Co LLC		3.336		03/18/21		571,047
	1,000,000		Ford Motor Credit Co LLC		5.875		08/02/21		1,147,033
	350,000		Ford Motor Credit Co LLC		3.219		01/09/22		358,562
	450,000		Ford Motor Credit Co LLC		3.096		05/04/23		456,351
	1,000,000		Ford Motor Credit Co LLC		3.664		09/08/24		1,036,085
	925,000		Ford Motor Credit Co LLC		4.134		08/04/25		992,219
	500,000		Ford Motor Credit Co LLC		4.389		01/08/26		546,095
	150,000		Franklin Resources, Inc		2.800		09/15/22		155,352
	200,000		Franklin Resources, Inc		2.850		03/30/25		206,173
	200,000		FS Investment Corp		4.250		01/15/20		204,851
	150,000		FS Investment Corp		4.750		05/15/22		152,929
	2,452,000	g	GE Capital International Funding Co		2.342		11/15/20		2,534,488

54

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	2,443,000	g	GE Capital International Funding Co		3.373	%	11/15/25	$	2,667,070
	2,944,000	g	GE Capital International Funding Co		4.418		11/15/35		3,302,511
	800,000		General Electric Capital Corp		2.300		04/27/17		807,987
	1,625,000		General Electric Capital Corp		5.625		09/15/17		1,717,396
	500,000		General Electric Capital Corp		1.600		11/20/17		504,467
	300,000		General Electric Capital Corp		1.625		04/02/18		304,258
	1,500,000		General Electric Capital Corp		2.300		01/14/19		1,550,923
	200,000		General Electric Capital Corp		2.100		12/11/19		206,332
	181,000		General Electric Capital Corp		5.500		01/08/20		206,903
	250,000		General Electric Capital Corp		2.200		01/09/20		257,797
	532,000		General Electric Capital Corp		4.375		09/16/20		592,568
	72,000		General Electric Capital Corp		4.625		01/07/21		81,653
	86,000		General Electric Capital Corp		5.300		02/11/21		99,786
	200,000		General Electric Capital Corp		4.650		10/17/21		229,061
	544,000		General Electric Capital Corp		3.150		09/07/22		583,890
	144,000		General Electric Capital Corp		3.100		01/09/23		153,843
	1,003,000		General Electric Capital Corp		3.450		05/15/24		1,092,538
	752,000		General Electric Capital Corp		6.750		03/15/32		1,055,878
	344,000		General Electric Capital Corp		5.875		01/14/38		465,519
	352,000		General Electric Capital Corp		6.875		01/10/39		531,633
	2,250,000		General Motors Financial Co, Inc		4.750		08/15/17		2,321,653
	500,000		General Motors Financial Co, Inc		3.100		01/15/19		510,779
	500,000		General Motors Financial Co, Inc		2.400		05/09/19		500,599
	200,000		General Motors Financial Co, Inc		3.200		07/13/20		202,632
	700,000		General Motors Financial Co, Inc		3.700		11/24/20		719,255
	500,000		General Motors Financial Co, Inc		4.200		03/01/21		523,128
	875,000		General Motors Financial Co, Inc		3.200		07/06/21		877,533
	2,500,000		General Motors Financial Co, Inc		3.450		04/10/22		2,498,545
	225,000		General Motors Financial Co, Inc		3.700		05/09/23		226,464
	300,000		General Motors Financial Co, Inc		4.300		07/13/25		307,938
	225,000		General Motors Financial Co, Inc		5.250		03/01/26		244,710
	550,000		Goldman Sachs Group, Inc		5.950		01/18/18		585,908
	1,450,000		Goldman Sachs Group, Inc		2.375		01/22/18		1,469,836
	60,000		Goldman Sachs Group, Inc		6.150		04/01/18		64,677
	750,000		Goldman Sachs Group, Inc		2.900		07/19/18		769,628
	1,500,000		Goldman Sachs Group, Inc		2.625		01/31/19		1,535,202
	200,000		Goldman Sachs Group, Inc		2.000		04/25/19		202,114
	1,500,000		Goldman Sachs Group, Inc		2.550		10/23/19		1,534,733
	2,505,000		Goldman Sachs Group, Inc		5.375		03/15/20		2,788,664
	950,000		Goldman Sachs Group, Inc		2.600		04/23/20		965,894
	1,150,000		Goldman Sachs Group, Inc		6.000		06/15/20		1,312,302
	425,000		Goldman Sachs Group, Inc		2.750		09/15/20		433,857
	500,000		Goldman Sachs Group, Inc		2.875		02/25/21		512,567
	150,000		Goldman Sachs Group, Inc		2.625		04/25/21		152,135
	1,300,000		Goldman Sachs Group, Inc		5.250		07/27/21		1,468,775
	2,325,000		Goldman Sachs Group, Inc		5.750		01/24/22		2,701,150
	1,800,000		Goldman Sachs Group, Inc		3.625		01/22/23		1,888,799
	1,500,000		Goldman Sachs Group, Inc		4.000		03/03/24		1,609,380
	500,000		Goldman Sachs Group, Inc		3.850		07/08/24		530,382
	2,325,000		Goldman Sachs Group, Inc		3.500		01/23/25		2,390,047
	600,000		Goldman Sachs Group, Inc		3.750		05/22/25		626,916
	250,000		Goldman Sachs Group, Inc		4.250		10/21/25		258,706

55

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	800,000	Goldman Sachs Group, Inc		3.750	%	02/25/26	$	839,382
	65,000	Goldman Sachs Group, Inc		6.450		05/01/36		76,810
	2,150,000	Goldman Sachs Group, Inc		6.250		02/01/41		2,778,189
	1,075,000	Goldman Sachs Group, Inc		4.800		07/08/44		1,187,182
	575,000	Goldman Sachs Group, Inc		5.150		05/22/45		599,193
	875,000	Goldman Sachs Group, Inc		4.750		10/21/45		964,915
	782,000	HSBC Finance Corp		6.676		01/15/21		874,603
	500,000	Intercontinental Exchange, Inc		2.750		12/01/20		523,560
	500,000	Intercontinental Exchange, Inc		3.750		12/01/25		539,666
	200,000	IntercontinentalExchange Group, Inc		2.500		10/15/18		204,684
	200,000	IntercontinentalExchange Group, Inc		4.000		10/15/23		216,445
	125,000	Invesco Finance plc		3.125		11/30/22		130,459
	200,000	Invesco Finance plc		4.000		01/30/24		218,903
	200,000	Invesco Finance plc		3.750		01/15/26		214,798
	200,000	Invesco Finance plc		5.375		11/30/43		234,997
	300,000	Janus Capital Group, Inc		4.875		08/01/25		324,552
	425,000	Jefferies Group, Inc		8.500		07/15/19		485,706
	500,000	Jefferies Group, Inc		6.875		04/15/21		567,900
	600,000	Jefferies Group, Inc		6.450		06/08/27		666,842
	100,000	Korea Finance Corp		3.250		09/20/16		100,482
	700,000	Korea Finance Corp		2.250		08/07/17		707,261
	500,000	Korea Finance Corp		2.875		08/22/18		514,943
	250,000	Lazard Group LLC		4.250		11/14/20		266,128
	150,000	Lazard Group LLC		3.750		02/13/25		149,181
	100,000	Legg Mason, Inc		2.700		07/15/19		102,318
	400,000	Legg Mason, Inc		5.625		01/15/44		408,961
	1,260,000	Merrill Lynch & Co, Inc		6.400		08/28/17		1,329,507
	1,050,000	Merrill Lynch & Co, Inc		6.875		04/25/18		1,146,341
	1,500,000	Merrill Lynch & Co, Inc		6.110		01/29/37		1,773,512
	550,000	Morgan Stanley		5.550		04/27/17		569,139
	245,000	Morgan Stanley		5.950		12/28/17		260,533
	325,000	Morgan Stanley		1.875		01/05/18		326,869
	600,000	Morgan Stanley		2.125		04/25/18		606,280
	500,000	Morgan Stanley		2.200		12/07/18		506,845
	1,450,000	Morgan Stanley		2.500		01/24/19		1,479,303
	500,000	Morgan Stanley		2.450		02/01/19		509,388
	796,000	Morgan Stanley		7.300		05/13/19		914,572
	4,000,000	Morgan Stanley		2.375		07/23/19		4,065,996
	300,000	Morgan Stanley		5.625		09/23/19		332,852
	590,000	Morgan Stanley		5.500		01/26/20		656,256
	700,000	Morgan Stanley		2.650		01/27/20		711,600
	1,000,000	Morgan Stanley		2.800		06/16/20		1,024,078
	200,000	Morgan Stanley		5.750		01/25/21		228,051
	475,000	Morgan Stanley		2.500		04/21/21		480,020
	1,200,000	Morgan Stanley		5.500		07/28/21		1,370,398
	2,500,000	Morgan Stanley		4.875		11/01/22		2,737,990
	2,850,000	Morgan Stanley		4.100		05/22/23		2,963,336
	1,000,000	Morgan Stanley		3.875		04/29/24		1,070,877
	1,100,000	Morgan Stanley		3.700		10/23/24		1,151,178
	650,000	Morgan Stanley		4.000		07/23/25		696,350
	750,000	Morgan Stanley		5.000		11/24/25		820,912
	325,000	Morgan Stanley		3.875		01/27/26		346,018

56

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	325,000	Morgan Stanley		4.350	%	09/08/26	$	340,166
	1,100,000	Morgan Stanley		3.950		04/23/27		1,109,545
	600,000	Morgan Stanley		7.250		04/01/32		832,093
	1,250,000	Morgan Stanley		4.300		01/27/45		1,313,579
	220,000	NASDAQ OMX Group, Inc		5.550		01/15/20		243,364
	250,000	NASDAQ OMX Group, Inc		4.250		06/01/24		263,759
	200,000	NASDAQ, Inc		3.850		06/30/26		203,308
	200,000	National Rural Utilities Cooperative Finance Corp		0.950		04/24/17		200,022
	300,000	National Rural Utilities Cooperative Finance Corp		1.650		02/08/19		303,549
	125,000	National Rural Utilities Cooperative Finance Corp		2.300		11/15/19		128,864
	500,000	National Rural Utilities Cooperative Finance Corp		2.300		11/01/20		515,799
	350,000	National Rural Utilities Cooperative Finance Corp		3.050		02/15/22		369,740
	200,000	National Rural Utilities Cooperative Finance Corp		2.700		02/15/23		208,063
	200,000	National Rural Utilities Cooperative Finance Corp		3.400		11/15/23		216,095
	400,000	National Rural Utilities Cooperative Finance Corp		2.850		01/27/25		418,564
	200,000	National Rural Utilities Cooperative Finance Corp		3.250		11/01/25		215,707
	500,000	National Rural Utilities Cooperative Finance Corp		4.750		04/30/43		490,000
	200,000	National Rural Utilities Cooperative Finance Corp		5.250		04/20/46		204,750
	500,000	Nomura Holdings, Inc		2.750		03/19/19		510,509
	430,000	Nomura Holdings, Inc		6.700		03/04/20		499,295
	300,000	NYSE Euronext		2.000		10/05/17		303,038
	800,000	Oesterreichische Kontrollbank AG.		5.000		04/25/17		827,129
	1,000,000	Oesterreichische Kontrollbank AG.		1.125		05/29/18		1,003,825
	500,000	Oesterreichische Kontrollbank AG.		1.625		03/12/19		508,223
	500,000	Oesterreichische Kontrollbank AG.		1.125		04/26/19		501,744
	300,000	Oesterreichische Kontrollbank AG.		1.500		10/21/20		302,716
	500,000	Oesterreichische Kontrollbank AG.		2.375		10/01/21		524,125
	200,000	PACCAR Financial Corp		1.100		06/06/17		200,427
	300,000	PACCAR Financial Corp		1.400		05/18/18		302,110
	200,000	PACCAR Financial Corp		1.650		02/25/19		202,965
	200,000	PACCAR Financial Corp		1.300		05/10/19		200,798
	200,000	PACCAR Financial Corp		2.200		09/15/19		205,457
	200,000	PACCAR Financial Corp		2.250		02/25/21		202,904
	200,000	Prospect Capital Corp		5.875		03/15/23		194,092
	300,000	Raymond James Financial, Inc		5.625		04/01/24		343,190
	500,000	Sasol Financing International plc		4.500		11/14/22		501,000
	150,000	State Street Corp		1.350		05/15/18		150,887
	300,000	State Street Corp		2.550		08/18/20		311,342
	300,000	State Street Corp		4.375		03/07/21		333,856
	500,000	State Street Corp		1.950		05/19/21		507,783
	400,000	State Street Corp		3.100		05/15/23		413,865
	350,000	State Street Corp		3.700		11/20/23		385,549
	500,000	State Street Corp		3.300		12/16/24		534,892
	225,000	State Street Corp		3.550		08/18/25		244,802
	500,000	State Street Corp		2.650		05/19/26		510,474
	200,000	Stifel Financial Corp		3.500		12/01/20		202,739
	100,000	Synchrony Financial		1.875		08/15/17		100,157
	300,000	Synchrony Financial		2.600		01/15/19		303,184
	250,000	Synchrony Financial		3.000		08/15/19		254,933
	275,000	Synchrony Financial		2.700		02/03/20		275,775
	300,000	Synchrony Financial		3.750		08/15/21		310,815
	250,000	Synchrony Financial		4.250		08/15/24		258,842

57

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	600,000	Synchrony Financial		4.500	%	07/23/25	$	622,155
	300,000	Syngenta Finance NV		3.125		03/28/22		314,513
	300,000	TD Ameritrade Holding Corp		2.950		04/01/22		312,613
	350,000	TD Ameritrade Holding Corp		3.625		04/01/25		375,106
	150,000	Toyota Motor Credit Corp		2.050		01/12/17		150,965
	400,000	Toyota Motor Credit Corp		1.750		05/22/17		403,125
	500,000	Toyota Motor Credit Corp		1.250		10/05/17		502,042
	500,000	Toyota Motor Credit Corp		1.375		01/10/18		503,505
	500,000	Toyota Motor Credit Corp		1.450		01/12/18		503,646
	300,000	Toyota Motor Credit Corp		1.200		04/06/18		301,175
	300,000	Toyota Motor Credit Corp		1.550		07/13/18		302,884
	500,000	Toyota Motor Credit Corp		2.000		10/24/18		509,713
	500,000	Toyota Motor Credit Corp		2.100		01/17/19		511,537
	300,000	Toyota Motor Credit Corp		1.700		02/19/19		303,835
	350,000	Toyota Motor Credit Corp		1.400		05/20/19		352,333
	400,000	Toyota Motor Credit Corp		2.125		07/18/19		410,698
	500,000	Toyota Motor Credit Corp		2.150		03/12/20		513,992
	300,000	Toyota Motor Credit Corp		1.900		04/08/21		304,955
	750,000	Toyota Motor Credit Corp		2.750		05/17/21		786,272
	300,000	Toyota Motor Credit Corp		3.400		09/15/21		326,576
	300,000	Toyota Motor Credit Corp		2.800		07/13/22		315,563
	400,000	Toyota Motor Credit Corp		2.625		01/10/23		420,121
	300,000	UBS AG.		1.375		06/01/17		300,456
	500,000	UBS AG.		1.375		08/14/17		500,422
	500,000	UBS AG.		1.800		03/26/18		504,757
	162,000	UBS AG.		5.750		04/25/18		173,760
	1,750,000	UBS AG.		2.375		08/14/19		1,793,173
	1,000,000	UBS AG.		2.350		03/26/20		1,024,389
	400,000	Unilever Capital Corp		0.850		08/02/17		400,164
	250,000	Unilever Capital Corp		4.800		02/15/19		273,691
	300,000	Unilever Capital Corp		2.200		03/06/19		308,495
	250,000	Unilever Capital Corp		2.100		07/30/20		257,279
	250,000	Unilever Capital Corp		4.250		02/10/21		279,252
	450,000	Unilever Capital Corp		3.100		07/30/25		489,948
	330,000	Unilever Capital Corp		5.900		11/15/32		463,376
	1,250,000	Wells Fargo & Co		2.100		05/08/17		1,260,751
	1,400,000	Wells Fargo & Co		1.500		01/16/18		1,407,840
	425,000	Wells Fargo & Co		2.150		01/15/19		433,890
	1,000,000	Wells Fargo & Co		2.150		01/30/20		1,017,048
	750,000	Wells Fargo & Co		2.600		07/22/20		770,859
	450,000	Wells Fargo & Co		2.550		12/07/20		463,014
	1,000,000	Wells Fargo & Co		3.000		01/22/21		1,045,009
	1,000,000	Wells Fargo & Co		2.500		03/04/21		1,025,544
	1,200,000	Wells Fargo & Co		4.600		04/01/21		1,341,043
	3,500,000	Wells Fargo & Co		3.500		03/08/22		3,754,748
	700,000	Wells Fargo & Co		3.450		02/13/23		724,581
	500,000	Wells Fargo & Co		4.125		08/15/23		538,512
	334,000	Wells Fargo & Co		4.480		01/16/24		366,261
	2,200,000	Wells Fargo & Co		3.300		09/09/24		2,308,469
	1,750,000	Wells Fargo & Co		3.000		02/19/25		1,793,258
	500,000	Wells Fargo & Co		3.550		09/29/25		533,138
	1,500,000	Wells Fargo & Co		3.000		04/22/26		1,528,983

58

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	650,000	Wells Fargo & Co		4.100	%	06/03/26	$	694,493
	750,000	Wells Fargo & Co		4.300		07/22/27		809,471
	264,000	Wells Fargo & Co		5.375		02/07/35		321,841
	725,000	Wells Fargo & Co		5.375		11/02/43		845,154
	1,143,000	Wells Fargo & Co		5.606		01/15/44		1,369,255
	300,000	Wells Fargo & Co		4.650		11/04/44		315,228
	1,000,000	Wells Fargo & Co		3.900		05/01/45		1,050,901
	750,000	Wells Fargo & Co		4.900		11/17/45		821,294
	750,000	Wells Fargo & Co		4.400		06/14/46		761,719
		TOTAL DIVERSIFIED FINANCIALS						220,245,077
ENERGY - 2.3%
	89,000	Anadarko Petroleum Corp		6.375		09/15/17		93,678
	465,000	Anadarko Petroleum Corp		8.700		03/15/19		530,296
	375,000	Anadarko Petroleum Corp		4.850		03/15/21		397,770
	200,000	Anadarko Petroleum Corp		3.450		07/15/24		195,574
	350,000	Anadarko Petroleum Corp		5.550		03/15/26		386,681
	1,325,000	Anadarko Petroleum Corp		6.200		03/15/40		1,486,266
	200,000	Anadarko Petroleum Corp		4.500		07/15/44		183,806
	500,000	Anadarko Petroleum Corp		6.600		03/15/46		604,120
	400,000	Apache Corp		6.900		09/15/18		438,116
	200,000	Apache Corp		3.250		04/15/22		204,906
	980,000	Apache Corp		5.100		09/01/40		1,021,250
	300,000	Apache Corp		5.250		02/01/42		311,518
	350,000	Apache Corp		4.750		04/15/43		360,055
	300,000	Apache Corp		4.250		01/15/44		290,586
	129,000	Baker Hughes, Inc		3.200		08/15/21		135,437
	200,000	Boardwalk Pipelines LP		5.750		09/15/19		209,429
	200,000	Boardwalk Pipelines LP		3.375		02/01/23		183,432
	200,000	Boardwalk Pipelines LP		5.950		06/01/26		210,181
	200,000	BP Capital Markets plc		1.846		05/05/17		201,214
	500,000	BP Capital Markets plc		1.375		05/10/18		500,736
	300,000	BP Capital Markets plc		2.241		09/26/18		306,313
	225,000	BP Capital Markets plc		1.676		05/03/19		226,805
	500,000	BP Capital Markets plc		2.237		05/10/19		513,448
	1,250,000	BP Capital Markets plc		2.315		02/13/20		1,279,579
	300,000	BP Capital Markets plc		4.500		10/01/20		332,433
	150,000	BP Capital Markets plc		4.742		03/11/21		168,508
	650,000	BP Capital Markets plc		3.561		11/01/21		699,221
	1,200,000	BP Capital Markets plc		3.245		05/06/22		1,262,449
	850,000	BP Capital Markets plc		2.500		11/06/22		857,396
	300,000	BP Capital Markets plc		3.994		09/26/23		325,875
	500,000	BP Capital Markets plc		3.814		02/10/24		535,882
	300,000	BP Capital Markets plc		3.535		11/04/24		316,263
	500,000	BP Capital Markets plc		3.506		03/17/25		526,603
	775,000	BP Capital Markets plc		3.119		05/04/26		788,418
	200,000	Buckeye Partners LP		2.650		11/15/18		201,475
	200,000	Buckeye Partners LP		4.875		02/01/21		210,129
	200,000	Buckeye Partners LP		4.350		10/15/24		198,140
	200,000	Buckeye Partners LP		5.850		11/15/43		194,547
	100,000	Buckeye Partners LP		5.600		10/15/44		94,962
	575,000	Burlington Resources Finance Co		7.200		08/15/31		717,440

59

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	200,000	Burlington Resources Finance Co		7.400	%	12/01/31	$	261,257
	600,000	Canadian Natural Resources Ltd		5.700		05/15/17		617,256
	300,000	Canadian Natural Resources Ltd		1.750		01/15/18		297,374
	100,000	Canadian Natural Resources Ltd		3.800		04/15/24		98,724
	700,000	Canadian Natural Resources Ltd		3.900		02/01/25		693,548
	850,000	Canadian Natural Resources Ltd		6.250		03/15/38		925,080
	500,000	Chevron Corp		1.344		11/09/17		502,122
	300,000	Chevron Corp		1.345		11/15/17		301,566
	500,000	Chevron Corp		1.104		12/05/17		501,141
	400,000	Chevron Corp		1.365		03/02/18		402,197
	750,000	Chevron Corp		1.718		06/24/18		758,761
	500,000	Chevron Corp		1.790		11/16/18		506,690
	200,000	Chevron Corp		4.950		03/03/19		219,124
	500,000	Chevron Corp		1.561		05/16/19		505,757
	1,000,000	Chevron Corp		2.193		11/15/19		1,028,069
	400,000	Chevron Corp		1.961		03/03/20		405,150
	750,000	Chevron Corp		2.427		06/24/20		773,986
	500,000	Chevron Corp		2.419		11/17/20		515,807
	750,000	Chevron Corp		2.100		05/16/21		764,878
	400,000	Chevron Corp		2.411		03/03/22		409,365
	1,050,000	Chevron Corp		2.355		12/05/22		1,067,913
	500,000	Chevron Corp		2.566		05/16/23		510,721
	250,000	Chevron Corp		3.191		06/24/23		265,644
	125,000	Chevron Corp		3.326		11/17/25		133,662
	750,000	Chevron Corp		2.954		05/16/26		774,449
	500,000	Cimarex Energy Co		4.375		06/01/24		523,088
	1,500,000	ConocoPhillips Co		1.050		12/15/17		1,490,766
	300,000	ConocoPhillips Co		1.500		05/15/18		301,135
	600,000	ConocoPhillips Co		5.750		02/01/19		660,097
	300,000	ConocoPhillips Co		2.200		05/15/20		302,971
	500,000	ConocoPhillips Co		4.200		03/15/21		540,041
	300,000	ConocoPhillips Co		2.875		11/15/21		305,299
	600,000	ConocoPhillips Co		2.400		12/15/22		594,327
	300,000	ConocoPhillips Co		3.350		11/15/24		309,048
	500,000	ConocoPhillips Co		4.950		03/15/26		566,771
	300,000	ConocoPhillips Co		4.150		11/15/34		302,724
	250,000	ConocoPhillips Co		5.900		05/15/38		299,160
	1,035,000	ConocoPhillips Co		6.500		02/01/39		1,331,425
	300,000	ConocoPhillips Co		4.300		11/15/44		304,614
	500,000	ConocoPhillips Co		5.950		03/15/46		623,855
	500,000	ConocoPhillips Holding Co		6.950		04/15/29		621,722
	850,000	Devon Energy Corp		6.300		01/15/19		920,843
	525,000	Devon Energy Corp		3.250		05/15/22		509,207
	300,000	Devon Energy Corp		5.850		12/15/25		331,077
	600,000	Devon Energy Corp		7.950		04/15/32		687,767
	700,000	Devon Energy Corp		4.750		05/15/42		627,745
	300,000	Devon Energy Corp		5.000		06/15/45		280,038
	300,000	Ecopetrol S.A.		4.250		09/18/18		310,500
	550,000	Ecopetrol S.A.		7.625		07/23/19		632,500
	725,000	Ecopetrol S.A.		5.875		09/18/23		746,750
	1,000,000	Ecopetrol S.A.		4.125		01/16/25		904,700
	400,000	Ecopetrol S.A.		5.375		06/26/26		389,000

60

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	200,000		Ecopetrol S.A.		7.375	%	09/18/43	$	199,500
	300,000		Ecopetrol S.A.		5.875		05/28/45		260,400
	300,000		El Paso Pipeline Partners Operating Co LLC		4.300		05/01/24		302,700
	400,000		El Paso Pipeline Partners Operating Co LLC		4.700		11/01/42		360,595
	300,000	g	Emera US Finance LP		2.150		06/15/19		303,455
	300,000	g	Emera US Finance LP		2.700		06/15/21		306,574
	300,000	g	Emera US Finance LP		3.550		06/15/26		306,371
	300,000	g	Emera US Finance LP		4.750		06/15/46		305,653
	495,000		Enbridge Energy Partners LP		5.200		03/15/20		519,369
	175,000		Enbridge Energy Partners LP		4.375		10/15/20		179,619
	200,000		Enbridge Energy Partners LP		5.875		10/15/25		221,283
	300,000		Enbridge Energy Partners LP		5.500		09/15/40		294,001
	200,000		Enbridge Energy Partners LP		7.375		10/15/45		243,900
	1,000,000		EnCana Corp		6.500		05/15/19		1,060,000
	735,000		Enterprise Products Operating LLC		6.300		09/15/17		776,467
	300,000		Enterprise Products Operating LLC		1.650		05/07/18		300,712
	130,000		Enterprise Products Operating LLC		6.500		01/31/19		145,579
	600,000		Enterprise Products Operating LLC		5.200		09/01/20		675,112
	100,000		Enterprise Products Operating LLC		2.850		04/15/21		103,331
	400,000		Enterprise Products Operating LLC		4.050		02/15/22		431,684
	1,100,000		Enterprise Products Operating LLC		3.350		03/15/23		1,129,641
	800,000		Enterprise Products Operating LLC		3.900		02/15/24		847,030
	300,000		Enterprise Products Operating LLC		3.700		02/15/26		314,112
	500,000		Enterprise Products Operating LLC		3.950		02/15/27		530,601
	480,000		Enterprise Products Operating LLC		6.125		10/15/39		568,800
	300,000		Enterprise Products Operating LLC		4.850		08/15/42		319,489
	100,000		Enterprise Products Operating LLC		4.450		02/15/43		100,103
	1,000,000		Enterprise Products Operating LLC		4.850		03/15/44		1,056,580
	500,000		Enterprise Products Operating LLC		5.100		02/15/45		550,169
	300,000		Enterprise Products Operating LLC		4.900		05/15/46		323,419
	200,000		Enterprise Products Operating LLC		4.950		10/15/54		202,264
	700,000		EOG Resources, Inc		2.450		04/01/20		709,904
	440,000		EOG Resources, Inc		4.100		02/01/21		478,364
	600,000		EOG Resources, Inc		2.625		03/15/23		597,908
	150,000		EOG Resources, Inc		4.150		01/15/26		165,102
	200,000		EOG Resources, Inc		3.900		04/01/35		200,628
	200,000		EOG Resources, Inc		5.100		01/15/36		228,345
	50,000		EQT Corp		6.500		04/01/18		52,096
	550,000		EQT Corp		8.125		06/01/19		605,931
	500,000		Exxon Mobil Corp		1.439		03/01/18		504,423
	500,000		Exxon Mobil Corp		1.305		03/06/18		503,902
	750,000		Exxon Mobil Corp		1.708		03/01/19		762,185
	500,000		Exxon Mobil Corp		1.819		03/15/19		509,490
	500,000		Exxon Mobil Corp		1.912		03/06/20		509,429
	750,000		Exxon Mobil Corp		2.222		03/01/21		773,365
	500,000		Exxon Mobil Corp		2.397		03/06/22		512,861
	500,000		Exxon Mobil Corp		2.726		03/01/23		522,272
	500,000		Exxon Mobil Corp		3.176		03/15/24		537,519
	500,000		Exxon Mobil Corp		2.709		03/06/25		522,319
	550,000		Exxon Mobil Corp		3.043		03/01/26		582,339
	500,000		Exxon Mobil Corp		3.567		03/06/45		517,111
	850,000		Exxon Mobil Corp		4.114		03/01/46		956,671

61

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	200,000	Gulf South Pipeline Co LP		4.000	%	06/15/22	$	191,622
	400,000	Halliburton Co		2.000		08/01/18		402,818
	400,000	Halliburton Co		6.150		09/15/19		454,433
	1,350,000	Halliburton Co		3.800		11/15/25		1,403,297
	500,000	Halliburton Co		4.850		11/15/35		541,717
	250,000	Halliburton Co		4.500		11/15/41		244,724
	600,000	Halliburton Co		4.750		08/01/43		628,429
	750,000	Halliburton Co		5.000		11/15/45		817,657
	200,000	Helmerich & Payne International Drilling Co		4.650		03/15/25		213,493
	200,000	Hess Corp		1.300		06/15/17		198,664
	425,000	Hess Corp		8.125		02/15/19		473,624
	200,000	Hess Corp		3.500		07/15/24		192,856
	200,000	Hess Corp		7.875		10/01/29		238,333
	940,000	Hess Corp		5.600		02/15/41		948,394
	200,000	HollyFrontier Corp		5.875		04/01/26		214,529
	30,000	Husky Energy, Inc		7.250		12/15/19		33,751
	200,000	Husky Energy, Inc		3.950		04/15/22		206,881
	500,000	Husky Energy, Inc		4.000		04/15/24		508,138
	130,000	Husky Energy, Inc		6.800		09/15/37		150,159
	200,000	Magellan Midstream Partners LP		6.550		07/15/19		225,847
	125,000	Magellan Midstream Partners LP		4.250		02/01/21		135,287
	200,000	Magellan Midstream Partners LP		3.200		03/15/25		198,565
	100,000	Magellan Midstream Partners LP		5.000		03/01/26		113,178
	500,000	Magellan Midstream Partners LP		4.200		12/01/42		477,357
	400,000	Marathon Oil Corp		6.000		10/01/17		414,420
	650,000	Marathon Oil Corp		2.800		11/01/22		589,582
	300,000	Marathon Oil Corp		3.850		06/01/25		275,748
	255,000	Marathon Oil Corp		6.600		10/01/37		257,911
	200,000	Marathon Oil Corp		5.200		06/01/45		174,212
	200,000	Marathon Petroleum Corp		2.700		12/14/18		204,491
	250,000	Marathon Petroleum Corp		3.400		12/15/20		258,464
	250,000	Marathon Petroleum Corp		5.125		03/01/21		276,481
	100,000	Marathon Petroleum Corp		3.625		09/15/24		98,243
	350,000	Marathon Petroleum Corp		6.500		03/01/41		372,831
	250,000	Marathon Petroleum Corp		4.750		09/15/44		213,382
	250,000	Marathon Petroleum Corp		5.850		12/15/45		243,026
	200,000	Marathon Petroleum Corp		5.000		09/15/54		167,642
	125,000	Nabors Industries, Inc		6.150		02/15/18		128,586
	350,000	Nabors Industries, Inc		4.625		09/15/21		320,204
	100,000	Nabors Industries, Inc		5.100		09/15/23		89,100
	100,000	National Oilwell Varco, Inc		1.350		12/01/17		99,276
	300,000	National Oilwell Varco, Inc		2.600		12/01/22		278,871
	300,000	National Oilwell Varco, Inc		3.950		12/01/42		238,370
	935,000	Nexen, Inc		6.400		05/15/37		1,158,075
	150,000	Noble Energy, Inc		8.250		03/01/19		171,797
	750,000	Noble Energy, Inc		3.900		11/15/24		762,269
	700,000	Noble Energy, Inc		6.000		03/01/41		753,243
	300,000	Noble Energy, Inc		5.250		11/15/43		309,472
	250,000	Occidental Petroleum Corp		1.500		02/15/18		250,911
	250,000	Occidental Petroleum Corp		3.125		02/15/22		262,044
	200,000	Occidental Petroleum Corp		2.600		04/15/22		204,964
	550,000	Occidental Petroleum Corp		2.700		02/15/23		559,401

62

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	750,000		Occidental Petroleum Corp		3.500	%	06/15/25	$	792,921
	100,000		Occidental Petroleum Corp		3.400		04/15/26		105,524
	300,000		Occidental Petroleum Corp		4.625		06/15/45		334,777
	240,000		Occidental Petroleum Corp		4.400		04/15/46		265,391
	200,000		Oceaneering International, Inc		4.650		11/15/24		193,464
	300,000		ONE Gas, Inc		2.070		02/01/19		304,493
	100,000		ONE Gas, Inc		3.610		02/01/24		108,066
	100,000		ONE Gas, Inc		4.658		02/01/44		112,927
	406,000		Panhandle Eastern Pipeline Co LP		7.000		06/15/18		433,971
	785,000		Pemex Project Funding Master Trust		5.750		03/01/18		820,843
	75,000		Petro-Canada		6.800		05/15/38		98,701
	400,000		Petroleos Mexicanos		3.500		07/18/18		402,600
	200,000		Petroleos Mexicanos		3.125		01/23/19		200,700
	350,000	g	Petroleos Mexicanos		5.500		02/04/19		368,375
	980,000		Petroleos Mexicanos		8.000		05/03/19		1,091,779
	775,000		Petroleos Mexicanos		6.000		03/05/20		833,900
	500,000		Petroleos Mexicanos		3.500		07/23/20		499,555
	800,000		Petroleos Mexicanos		5.500		01/21/21		847,912
	300,000	g	Petroleos Mexicanos		6.375		02/04/21		326,190
	240,000		Petroleos Mexicanos		4.875		01/24/22		245,340
	195,000		Petroleos Mexicanos		1.700		12/20/22		196,339
	195,000		Petroleos Mexicanos		2.000		12/20/22		198,302
	400,000		Petroleos Mexicanos		3.500		01/30/23		378,888
	1,500,000		Petroleos Mexicanos		4.875		01/18/24		1,521,375
	950,000		Petroleos Mexicanos		4.500		01/23/26		914,280
	500,000	g	Petroleos Mexicanos		6.875		08/04/26		559,000
	2,040,000		Petroleos Mexicanos		6.500		06/02/41		2,065,500
	2,690,000		Petroleos Mexicanos		5.500		06/27/44		2,430,550
	575,000		Petroleos Mexicanos		6.375		01/23/45		577,875
	1,000,000		Petroleos Mexicanos		5.625		01/23/46		911,500
	900,000		Phillips 66		2.950		05/01/17		913,181
	650,000		Phillips 66		4.300		04/01/22		710,013
	200,000		Phillips 66		4.650		11/15/34		213,311
	400,000		Phillips 66		5.875		05/01/42		480,616
	400,000		Phillips 66		4.875		11/15/44		437,165
	125,000		Pioneer Natural Resources Co		3.450		01/15/21		129,085
	375,000		Pioneer Natural Resources Co		3.950		07/15/22		392,399
	200,000		Pioneer Natural Resources Co		4.450		01/15/26		218,005
	200,000		Plains All American Pipeline LP		2.600		12/15/19		194,844
	700,000		Plains All American Pipeline LP		5.000		02/01/21		738,823
	200,000		Plains All American Pipeline LP		2.850		01/31/23		184,158
	400,000		Plains All American Pipeline LP		3.850		10/15/23		387,782
	200,000		Plains All American Pipeline LP		3.600		11/01/24		187,904
	300,000		Plains All American Pipeline LP		4.650		10/15/25		303,035
	100,000		Plains All American Pipeline LP		6.650		01/15/37		103,939
	250,000		Plains All American Pipeline LP		5.150		06/01/42		222,277
	300,000		Plains All American Pipeline LP		4.700		06/15/44		256,396
	300,000		Plains All American Pipeline LP		4.900		02/15/45		268,346
	750,000		Schlumberger Investment S.A.		3.650		12/01/23		805,426
	500,000		SESI LLC		7.125		12/15/21		481,250
	200,000		Shell International Finance BV		1.125		08/21/17		200,607
	300,000		Shell International Finance BV		1.250		11/10/17		300,826

63

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	300,000	Shell International Finance BV		1.625	%	11/10/18	$	303,043
	500,000	Shell International Finance BV		2.000		11/15/18		508,503
	500,000	Shell International Finance BV		1.375		05/10/19		501,476
	805,000	Shell International Finance BV		4.300		09/22/19		876,775
	1,130,000	Shell International Finance BV		4.375		03/25/20		1,242,045
	500,000	Shell International Finance BV		2.125		05/11/20		510,359
	300,000	Shell International Finance BV		2.250		11/10/20		307,946
	500,000	Shell International Finance BV		1.875		05/10/21		503,142
	200,000	Shell International Finance BV		2.375		08/21/22		204,779
	500,000	Shell International Finance BV		2.250		01/06/23		502,445
	500,000	Shell International Finance BV		3.400		08/12/23		531,599
	1,300,000	Shell International Finance BV		3.250		05/11/25		1,364,480
	1,500,000	Shell International Finance BV		2.875		05/10/26		1,524,800
	500,000	Shell International Finance BV		4.125		05/11/35		539,499
	421,000	Shell International Finance BV		6.375		12/15/38		572,238
	200,000	Shell International Finance BV		3.625		08/21/42		192,606
	1,000,000	Shell International Finance BV		4.550		08/12/43		1,112,739
	1,000,000	Shell International Finance BV		4.375		05/11/45		1,084,198
	425,000	Shell International Finance BV		4.000		05/10/46		433,785
	350,000	Statoil ASA		3.125		08/17/17		358,362
	500,000	Statoil ASA		1.250		11/09/17		501,247
	375,000	Statoil ASA		1.200		01/17/18		375,599
	300,000	Statoil ASA		1.150		05/15/18		300,269
	300,000	Statoil ASA		1.950		11/08/18		304,077
	450,000	Statoil ASA		5.250		04/15/19		495,542
	500,000	Statoil ASA		2.250		11/08/19		512,793
	300,000	Statoil ASA		2.900		11/08/20		312,479
	500,000	Statoil ASA		2.750		11/10/21		522,848
	250,000	Statoil ASA		3.150		01/23/22		262,505
	375,000	Statoil ASA		2.450		01/17/23		379,801
	300,000	Statoil ASA		2.650		01/15/24		302,914
	300,000	Statoil ASA		3.700		03/01/24		324,186
	500,000	Statoil ASA		3.250		11/10/24		528,271
	200,000	Statoil ASA		5.100		08/17/40		239,699
	400,000	Statoil ASA		4.250		11/23/41		421,331
	300,000	Statoil ASA		3.950		05/15/43		311,617
	1,300,000	Statoil ASA		4.800		11/08/43		1,516,147
	550,000	Suncor Energy, Inc		6.100		06/01/18		594,745
	750,000	Suncor Energy, Inc		3.600		12/01/24		791,044
	1,400,000	Suncor Energy, Inc		6.500		06/15/38		1,809,184
	200,000	Sunoco Logistics Partners Operations LP		4.400		04/01/21		210,781
	300,000	Sunoco Logistics Partners Operations LP		3.450		01/15/23		295,943
	300,000	Sunoco Logistics Partners Operations LP		4.250		04/01/24		303,162
	200,000	Sunoco Logistics Partners Operations LP		5.950		12/01/25		224,674
	100,000	Sunoco Logistics Partners Operations LP		6.100		02/15/42		103,935
	300,000	Sunoco Logistics Partners Operations LP		5.300		04/01/44		295,348
	200,000	Sunoco Logistics Partners Operations LP		5.350		05/15/45		198,310
	200,000	Total Capital Canada Ltd		1.450		01/15/18		201,467
	300,000	Total Capital Canada Ltd		2.750		07/15/23		308,459
	300,000	Total Capital International S.A.		2.125		01/10/19		306,298
	500,000	Total Capital International S.A.		2.100		06/19/19		511,101
	300,000	Total Capital International S.A.		2.750		06/19/21		311,891

64

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000		Total Capital International S.A.		2.875	%	02/17/22	$	1,045,244
	400,000		Total Capital International S.A.		2.700		01/25/23		411,558
	300,000		Total Capital International S.A.		3.700		01/15/24		328,143
	300,000		Total Capital International S.A.		3.750		04/10/24		330,347
	500,000		TransCanada PipeLines Ltd		1.625		11/09/17		501,206
	300,000		TransCanada PipeLines Ltd		1.875		01/12/18		301,439
	500,000		TransCanada PipeLines Ltd		3.125		01/15/19		516,392
	600,000		TransCanada PipeLines Ltd		3.800		10/01/20		637,752
	1,050,000		TransCanada PipeLines Ltd		2.500		08/01/22		1,043,148
	200,000		TransCanada PipeLines Ltd		3.750		10/16/23		214,200
	500,000		TransCanada PipeLines Ltd		4.875		01/15/26		571,274
	500,000		TransCanada PipeLines Ltd		4.625		03/01/34		525,977
	340,000		TransCanada PipeLines Ltd		5.850		03/15/36		391,149
	469,000		TransCanada PipeLines Ltd		7.625		01/15/39		660,228
	200,000		TransCanada PipeLines Ltd		6.100		06/01/40		243,083
	200,000		TransCanada PipeLines Ltd		5.000		10/16/43		224,170
	300,000	i	TransCanada PipeLines Ltd		6.350		05/15/67		212,250
	165,000		Vale Overseas Ltd		6.250		01/23/17		168,779
	1,045,000		Vale Overseas Ltd		4.625		09/15/20		1,014,956
	400,000		Vale Overseas Ltd		5.875		06/10/21		400,500
	1,542,000		Vale Overseas Ltd		4.375		01/11/22		1,445,162
	150,000		Vale Overseas Ltd		8.250		01/17/34		156,854
	1,164,000		Vale Overseas Ltd		6.875		11/21/36		1,070,880
	680,000		Valero Energy Corp		6.125		02/01/20		767,517
	400,000		Valero Energy Corp		3.650		03/15/25		400,746
	330,000		Valero Energy Corp		7.500		04/15/32		393,028
	500,000		Valero Energy Corp		6.625		06/15/37		546,956
	300,000		Valero Energy Corp		4.900		03/15/45		278,047
	300,000		XTO Energy, Inc		6.250		08/01/17		317,044
			TOTAL ENERGY						157,336,735
FOOD & STAPLES RETAILING - 0.4%
	1,000,000		CVS Health Corp		1.900		07/20/18		1,014,970
	750,000		CVS Health Corp		2.250		08/12/19		770,233
	1,000,000		CVS Health Corp		2.800		07/20/20		1,040,877
	500,000		CVS Health Corp		4.125		05/15/21		548,795
	650,000		CVS Health Corp		2.125		06/01/21		657,680
	500,000		CVS Health Corp		3.500		07/20/22		538,414
	500,000		CVS Health Corp		2.750		12/01/22		515,927
	250,000		CVS Health Corp		4.000		12/05/23		276,574
	900,000		CVS Health Corp		3.375		08/12/24		956,956
	819,000		CVS Health Corp		3.875		07/20/25		901,311
	600,000		CVS Health Corp		2.875		06/01/26		613,244
	400,000		CVS Health Corp		5.300		12/05/43		499,667
	1,500,000		CVS Health Corp		5.125		07/20/45		1,859,556
	235,000		Delhaize Group S.A.		5.700		10/01/40		274,784
	700,000		Kroger Co		6.400		08/15/17		740,500
	55,000		Kroger Co		6.800		12/15/18		61,891
	100,000		Kroger Co		2.000		01/15/19		101,628
	445,000		Kroger Co		6.150		01/15/20		512,293
	200,000		Kroger Co		2.950		11/01/21		210,158
	200,000		Kroger Co		3.400		04/15/22		213,968

65

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	200,000		Kroger Co		3.850	%	08/01/23	$	219,571
	300,000		Kroger Co		4.000		02/01/24		332,819
	100,000		Kroger Co		3.500		02/01/26		107,812
	100,000		Kroger Co		6.900		04/15/38		139,320
	250,000		Kroger Co		5.000		04/15/42		288,586
	300,000		Kroger Co		5.150		08/01/43		358,265
	200,000		Starbucks Corp		2.000		12/05/18		204,439
	200,000		Starbucks Corp		2.100		02/04/21		205,586
	200,000		Starbucks Corp		2.700		06/15/22		211,177
	350,000		Starbucks Corp		3.850		10/01/23		393,187
	175,000		Starbucks Corp		2.450		06/15/26		177,525
	200,000		Starbucks Corp		4.300		06/15/45		237,742
	200,000		SYSCO Corp		5.250		02/12/18		212,360
	300,000		SYSCO Corp		1.900		04/01/19		303,608
	500,000		SYSCO Corp		2.600		10/01/20		516,329
	125,000		SYSCO Corp		2.500		07/15/21		127,748
	250,000		SYSCO Corp		2.600		06/12/22		254,541
	225,000		SYSCO Corp		3.300		07/15/26		233,555
	100,000		SYSCO Corp		5.375		09/21/35		118,384
	300,000		SYSCO Corp		4.850		10/01/45		334,822
	500,000		SYSCO Corp		4.500		04/01/46		532,708
	25,000		Walgreen Co		5.250		01/15/19		27,094
	200,000		Walgreen Co		3.100		09/15/22		206,047
	200,000		Walgreen Co		4.400		09/15/42		202,857
	150,000		Walgreens Boots Alliance, Inc		1.750		11/17/17		151,072
	300,000		Walgreens Boots Alliance, Inc		1.750		05/30/18		302,312
	1,125,000		Walgreens Boots Alliance, Inc		2.700		11/18/19		1,162,482
	400,000		Walgreens Boots Alliance, Inc		2.600		06/01/21		406,594
	500,000		Walgreens Boots Alliance, Inc		3.300		11/18/21		524,381
	500,000		Walgreens Boots Alliance, Inc		3.100		06/01/23		508,331
	400,000		Walgreens Boots Alliance, Inc		3.800		11/18/24		423,982
	1,000,000		Walgreens Boots Alliance, Inc		3.450		06/01/26		1,028,101
	400,000		Walgreens Boots Alliance, Inc		4.500		11/18/34		420,040
	400,000		Walgreens Boots Alliance, Inc		4.800		11/18/44		429,402
	125,000		Walgreens Boots Alliance, Inc		4.650		06/01/46		133,409
	200,000	g	Whole Foods Market, Inc		5.200		12/03/25		215,737
			TOTAL FOOD & STAPLES RETAILING						23,961,351
FOOD, BEVERAGE & TOBACCO - 1.4%
	228,000		Altria Group, Inc		9.250		08/06/19		281,085
	300,000		Altria Group, Inc		2.625		01/14/20		311,888
	1,800,000		Altria Group, Inc		4.750		05/05/21		2,053,348
	800,000		Altria Group, Inc		2.850		08/09/22		838,029
	200,000		Altria Group, Inc		2.950		05/02/23		209,645
	300,000		Altria Group, Inc		4.000		01/31/24		335,763
	50,000		Altria Group, Inc		10.200		02/06/39		92,707
	800,000		Altria Group, Inc		4.250		08/09/42		874,058
	300,000		Altria Group, Inc		4.500		05/02/43		338,861
	600,000		Altria Group, Inc		5.375		01/31/44		769,783
	300,000		Anheuser-Busch InBev Finance, Inc		1.250		01/17/18		300,291
	2,000,000		Anheuser-Busch InBev Finance, Inc		1.900		02/01/19		2,033,912
	500,000		Anheuser-Busch InBev Finance, Inc		2.150		02/01/19		510,676

66

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	2,000,000	Anheuser-Busch InBev Finance, Inc		2.650	%	02/01/21	$	2,072,518
	500,000	Anheuser-Busch InBev Finance, Inc		2.625		01/17/23		505,917
	2,000,000	Anheuser-Busch InBev Finance, Inc		3.300		02/01/23		2,104,152
	500,000	Anheuser-Busch InBev Finance, Inc		3.700		02/01/24		538,777
	6,100,000	Anheuser-Busch InBev Finance, Inc		3.650		02/01/26		6,528,903
	2,000,000	Anheuser-Busch InBev Finance, Inc		4.700		02/01/36		2,250,126
	1,000,000	Anheuser-Busch InBev Finance, Inc		4.625		02/01/44		1,123,142
	3,025,000	Anheuser-Busch InBev Finance, Inc		4.900		02/01/46		3,543,388
	1,390,000	Anheuser-Busch InBev Worldwide, Inc		5.000		04/15/20		1,555,354
	2,750,000	Anheuser-Busch InBev Worldwide, Inc		2.500		07/15/22		2,792,749
	485,000	Anheuser-Busch InBev Worldwide, Inc		6.375		01/15/40		651,621
	500,000	Anheuser-Busch InBev Worldwide, Inc		3.750		07/15/42		499,356
	719,000	Archer-Daniels-Midland Co		5.450		03/15/18		768,648
	740,000	Archer-Daniels-Midland Co		4.016		04/16/43		788,037
	200,000	Beam, Inc		1.750		06/15/18		201,388
	200,000	Beam, Inc		3.250		05/15/22		206,026
	200,000	Beam, Inc		3.250		06/15/23		205,113
	450,000	Bottling Group LLC		5.125		01/15/19		493,847
	200,000	Brown-Forman Corp		1.000		01/15/18		200,094
	200,000	Brown-Forman Corp		2.250		01/15/23		202,596
	200,000	Brown-Forman Corp		4.500		07/15/45		228,730
	100,000	Bunge Ltd		3.200		06/15/17		101,400
	100,000	Bunge Ltd		8.500		06/15/19		116,927
	500,000	Bunge Ltd		3.500		11/24/20		524,160
	325,000	Campbell Soup Co		3.050		07/15/17		331,715
	100,000	Campbell Soup Co		4.250		04/15/21		109,745
	150,000	Campbell Soup Co		2.500		08/02/22		152,353
	150,000	Campbell Soup Co		3.800		08/02/42		149,896
	300,000	Coca-Cola Bottling Co Consolidated		3.800		11/25/25		321,209
	500,000	Coca-Cola Co		1.650		03/14/18		506,722
	400,000	Coca-Cola Co		1.150		04/01/18		402,777
	300,000	Coca-Cola Co		1.650		11/01/18		304,516
	500,000	Coca-Cola Co		1.375		05/30/19		505,381
	500,000	Coca-Cola Co		1.875		10/27/20		511,071
	300,000	Coca-Cola Co		2.450		11/01/20		312,961
	410,000	Coca-Cola Co		3.150		11/15/20		440,933
	300,000	Coca-Cola Co		2.500		04/01/23		312,248
	1,000,000	Coca-Cola Co		3.200		11/01/23		1,077,523
	500,000	Coca-Cola Co		2.875		10/27/25		529,856
	300,000	Coca-Cola Co		2.550		06/01/26		308,979
	100,000	Coca-Cola Enterprises, Inc		3.500		09/15/20		106,090
	100,000	Coca-Cola Enterprises, Inc		3.250		08/19/21		105,061
	200,000	Coca-Cola Femsa SAB de C.V.		2.375		11/26/18		203,847
	100,000	Coca-Cola Femsa SAB de C.V.		4.625		02/15/20		109,032
	500,000	Coca-Cola Femsa SAB de C.V.		3.875		11/26/23		535,664
	200,000	Coca-Cola Femsa SAB de C.V.		5.250		11/26/43		237,538
	1,100,000	ConAgra Foods, Inc		1.900		01/25/18		1,108,694
	52,000	ConAgra Foods, Inc		7.000		04/15/19		58,774
	200,000	ConAgra Foods, Inc		3.250		09/15/22		206,959
	72,000	ConAgra Foods, Inc		3.200		01/25/23		74,427
	100,000	ConAgra Foods, Inc		7.000		10/01/28		125,014
	100,000	Corn Products International, Inc		4.625		11/01/20		109,717

67

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	500,000		Diageo Capital plc		1.500	%	05/11/17	$	502,110
	325,000		Diageo Capital plc		5.750		10/23/17		344,389
	500,000		Diageo Capital plc		1.125		04/29/18		500,483
	200,000		Diageo Capital plc		5.875		09/30/36		258,124
	400,000		Diageo Capital plc		3.875		04/29/43		419,812
	350,000		Dr Pepper Snapple Group, Inc		2.600		01/15/19		358,681
	150,000		Dr Pepper Snapple Group, Inc		2.000		01/15/20		150,603
	150,000		Dr Pepper Snapple Group, Inc		2.700		11/15/22		151,898
	200,000		Dr Pepper Snapple Group, Inc		3.400		11/15/25		212,642
	200,000		Dr Pepper Snapple Group, Inc		4.500		11/15/45		220,673
	150,000		Flowers Foods, Inc		4.375		04/01/22		163,215
	200,000		Fomento Economico Mexicano SAB de C.V.		2.875		05/10/23		199,873
	300,000		Fomento Economico Mexicano SAB de C.V.		4.375		05/10/43		311,781
	500,000		General Mills, Inc		1.400		10/20/17		502,759
	210,000		General Mills, Inc		5.650		02/15/19		233,415
	175,000		General Mills, Inc		2.200		10/21/19		179,197
	200,000		General Mills, Inc		3.150		12/15/21		213,178
	500,000		General Mills, Inc		3.650		02/15/24		549,434
	150,000		General Mills, Inc		5.400		06/15/40		186,032
	100,000		General Mills, Inc		4.150		02/15/43		107,435
	100,000		Hershey Co		1.500		11/01/16		100,267
	150,000		Hershey Co		4.125		12/01/20		168,198
	200,000		Hershey Co		3.200		08/21/25		214,622
	800,000	g	HJ Heinz Co		1.600		06/30/17		802,600
	275,000	g	HJ Heinz Co		2.000		07/02/18		278,757
	300,000	g	HJ Heinz Co		2.800		07/02/20		311,560
	200,000	g	HJ Heinz Co		3.500		07/15/22		212,438
	900,000	g	HJ Heinz Co		3.950		07/15/25		979,015
	200,000	g	HJ Heinz Co		5.000		07/15/35		229,507
	1,000,000	g	HJ Heinz Co		5.200		07/15/45		1,184,964
	250,000		Ingredion, Inc		1.800		09/25/17		251,293
	125,000		JM Smucker Co		1.750		03/15/18		125,985
	175,000		JM Smucker Co		2.500		03/15/20		180,504
	100,000		JM Smucker Co		3.500		10/15/21		107,544
	300,000		JM Smucker Co		3.000		03/15/22		315,052
	100,000		JM Smucker Co		3.500		03/15/25		108,038
	300,000		JM Smucker Co		4.250		03/15/35		325,878
	300,000		JM Smucker Co		4.375		03/15/45		326,315
	100,000		Kellogg Co		1.875		11/17/16		100,393
	200,000		Kellogg Co		1.750		05/17/17		201,409
	1,279,000		Kellogg Co		4.000		12/15/20		1,401,981
	125,000		Kellogg Co		3.250		04/01/26		128,559
	150,000		Kellogg Co		4.500		04/01/46		160,754
	600,000		Kraft Foods Group, Inc		2.250		06/05/17		605,545
	1,525,000		Kraft Foods Group, Inc		3.500		06/06/22		1,622,074
	300,000		Kraft Foods Group, Inc		6.500		02/09/40		396,412
	700,000		Kraft Foods Group, Inc		5.000		06/04/42		804,235
	1,000,000	g	Kraft Heinz Foods Co		3.000		06/01/26		1,010,703
	1,000,000	g	Kraft Heinz Foods Co		4.375		06/01/46		1,058,283
	200,000		McCormick & Co, Inc		3.500		09/01/23		215,570
	200,000		McCormick & Co, Inc		3.250		11/15/25		214,259
	385,000		Mead Johnson Nutrition Co		4.900		11/01/19		424,405

68

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	100,000		Mead Johnson Nutrition Co		3.000	%	11/15/20	$	104,478
	225,000		Mead Johnson Nutrition Co		4.125		11/15/25		245,539
	100,000		Mead Johnson Nutrition Co		4.600		06/01/44		106,914
	350,000	h	Molson Coors Brewing Co		1.450		07/15/19		350,599
	500,000	h	Molson Coors Brewing Co		2.100		07/15/21		501,577
	150,000		Molson Coors Brewing Co		3.500		05/01/22		159,176
	750,000	h	Molson Coors Brewing Co		3.000		07/15/26		749,670
	300,000		Molson Coors Brewing Co		5.000		05/01/42		335,541
	750,000	h	Molson Coors Brewing Co		4.200		07/15/46		753,750
	1,500,000		Mondelez International, Inc		2.250		02/01/19		1,532,708
	1,400,000		Mondelez International, Inc		4.000		02/01/24		1,531,754
	250,000		PepsiCo, Inc		1.125		07/17/17		250,672
	250,000		PepsiCo, Inc		1.250		08/13/17		251,152
	125,000		PepsiCo, Inc		1.000		10/13/17		125,154
	840,000		PepsiCo, Inc		7.900		11/01/18		971,547
	400,000		PepsiCo, Inc		2.250		01/07/19		410,990
	100,000		PepsiCo, Inc		1.500		02/22/19		101,405
	100,000		PepsiCo, Inc		4.500		01/15/20		110,950
	500,000		PepsiCo, Inc		1.850		04/30/20		507,338
	300,000		PepsiCo, Inc		2.150		10/14/20		308,417
	400,000		PepsiCo, Inc		3.125		11/01/20		427,752
	200,000		PepsiCo, Inc		3.000		08/25/21		212,800
	400,000		PepsiCo, Inc		2.750		03/05/22		419,116
	300,000		PepsiCo, Inc		3.100		07/17/22		319,429
	500,000		PepsiCo, Inc		2.750		03/01/23		523,416
	1,000,000		PepsiCo, Inc		3.600		03/01/24		1,099,273
	300,000		PepsiCo, Inc		2.750		04/30/25		310,157
	425,000		PepsiCo, Inc		3.500		07/17/25		464,794
	100,000		PepsiCo, Inc		2.850		02/24/26		104,635
	310,000		PepsiCo, Inc		4.875		11/01/40		369,675
	400,000		PepsiCo, Inc		4.000		03/05/42		429,961
	200,000		PepsiCo, Inc		3.600		08/13/42		204,234
	450,000		PepsiCo, Inc		4.600		07/17/45		533,101
	800,000		PepsiCo, Inc		4.450		04/14/46		934,275
	500,000		Philip Morris International, Inc		1.125		08/21/17		501,101
	1,300,000		Philip Morris International, Inc		5.650		05/16/18		1,412,224
	300,000		Philip Morris International, Inc		1.875		01/15/19		306,004
	300,000		Philip Morris International, Inc		1.375		02/25/19		302,333
	200,000		Philip Morris International, Inc		2.900		11/15/21		211,293
	200,000		Philip Morris International, Inc		2.500		08/22/22		205,533
	500,000		Philip Morris International, Inc		2.625		03/06/23		518,003
	300,000		Philip Morris International, Inc		2.125		05/10/23		301,161
	300,000		Philip Morris International, Inc		3.600		11/15/23		329,159
	500,000		Philip Morris International, Inc		3.250		11/10/24		535,832
	300,000		Philip Morris International, Inc		3.375		08/11/25		324,592
	200,000		Philip Morris International, Inc		2.750		02/25/26		206,361
	240,000		Philip Morris International, Inc		6.375		05/16/38		332,138
	150,000		Philip Morris International, Inc		4.375		11/15/41		165,145
	200,000		Philip Morris International, Inc		4.500		03/20/42		224,728
	150,000		Philip Morris International, Inc		3.875		08/21/42		153,797
	300,000		Philip Morris International, Inc		4.125		03/04/43		322,008
	200,000		Philip Morris International, Inc		4.875		11/15/43		238,256

69

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	800,000	Philip Morris International, Inc		4.250	%	11/10/44	$	879,329
	1,050,000	Reynolds American, Inc		2.300		06/12/18		1,066,991
	270,000	Reynolds American, Inc		6.875		05/01/20		318,602
	175,000	Reynolds American, Inc		3.250		06/12/20		185,006
	750,000	Reynolds American, Inc		4.000		06/12/22		815,195
	200,000	Reynolds American, Inc		4.850		09/15/23		228,436
	750,000	Reynolds American, Inc		5.700		08/15/35		913,280
	65,000	Reynolds American, Inc		7.250		06/15/37		88,393
	200,000	Reynolds American, Inc		6.150		09/15/43		261,404
	750,000	Reynolds American, Inc		5.850		08/15/45		958,934
	133,000	Sara Lee Corp		4.100		09/15/20		137,981
	400,000	Tyson Foods, Inc		4.500		06/15/22		445,689
	500,000	Tyson Foods, Inc		3.950		08/15/24		540,613
	500,000	Tyson Foods, Inc		5.150		08/15/44		576,944
		TOTAL FOOD, BEVERAGE & TOBACCO						96,512,984
HEALTH CARE EQUIPMENT & SERVICES - 0.7%
	200,000	Allergan, Inc		1.350		03/15/18		198,733
	250,000	Allergan, Inc		3.375		09/15/20		260,738
	200,000	Allergan, Inc		2.800		03/15/23		198,934
	200,000	Allina Health System		4.805		11/15/45		241,043
	450,000	AmerisourceBergen Corp		1.150		05/15/17		449,887
	100,000	AmerisourceBergen Corp		3.500		11/15/21		107,251
	400,000	AmerisourceBergen Corp		3.400		05/15/24		422,708
	200,000	AmerisourceBergen Corp		3.250		03/01/25		209,888
	400,000	Ascension Health		3.945		11/15/46		431,732
	200,000	Ascension Health, Inc		4.847		11/15/53		251,414
	290,000	Baylor Scott & White Holdings		4.185		11/15/45		323,590
	200,000	Baylor Scott & White Holdings		3.967		11/15/46		214,435
	100,000	Becton Dickinson & Co		1.450		05/15/17		100,261
	750,000	Becton Dickinson & Co		1.800		12/15/17		756,172
	25,000	Becton Dickinson & Co		5.000		05/15/19		27,282
	100,000	Becton Dickinson & Co		6.375		08/01/19		113,897
	475,000	Becton Dickinson & Co		2.675		12/15/19		488,553
	150,000	Becton Dickinson & Co		3.250		11/12/20		157,685
	850,000	Becton Dickinson & Co		3.125		11/08/21		891,953
	200,000	Becton Dickinson & Co		3.300		03/01/23		210,218
	325,000	Becton Dickinson & Co		3.734		12/15/24		350,229
	300,000	Becton Dickinson & Co		4.875		05/15/44		345,982
	500,000	Becton Dickinson & Co		4.685		12/15/44		565,940
	100,000	Bio-Rad Laboratories, Inc		4.875		12/15/20		110,653
	650,000	Boston Scientific Corp		6.000		01/15/20		740,004
	300,000	Boston Scientific Corp		2.850		05/15/20		310,810
	300,000	Boston Scientific Corp		3.375		05/15/22		311,209
	150,000	Boston Scientific Corp		4.125		10/01/23		162,609
	400,000	Boston Scientific Corp		3.850		05/15/25		423,304
	200,000	Cardinal Health, Inc		1.700		03/15/18		201,301
	200,000	Cardinal Health, Inc		1.950		06/15/18		202,318
	200,000	Cardinal Health, Inc		2.400		11/15/19		204,969
	100,000	Cardinal Health, Inc		4.625		12/15/20		112,195
	100,000	Cardinal Health, Inc		3.200		06/15/22		105,684
	200,000	Cardinal Health, Inc		3.200		03/15/23		208,674

70

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	100,000	Cardinal Health, Inc		3.500	%	11/15/24	$	106,689
	200,000	Cardinal Health, Inc		3.750		09/15/25		217,693
	100,000	Cardinal Health, Inc		4.600		03/15/43		106,628
	200,000	Cardinal Health, Inc		4.500		11/15/44		210,012
	200,000	Cardinal Health, Inc		4.900		09/15/45		223,059
	100,000	Coventry Health Care, Inc		5.450		06/15/21		114,130
	450,000	Covidien International Finance S.A.		6.000		10/15/17		478,419
	650,000	Covidien International Finance S.A.		3.200		06/15/22		693,657
	225,000	CR Bard, Inc		1.375		01/15/18		225,888
	100,000	CR Bard, Inc		4.400		01/15/21		110,353
	200,000	CR Bard, Inc		3.000		05/15/26		205,098
	250,000	Dignity Health		3.812		11/01/24		267,022
	200,000	Dignity Health		5.267		11/01/64		238,523
	100,000	Edwards Lifesciences Corp		2.875		10/15/18		102,433
	200,000	Express Scripts Holding Co		1.250		06/02/17		199,862
	700,000	Express Scripts Holding Co		2.250		06/15/19		711,894
	150,000	Express Scripts Holding Co		3.300		02/25/21		157,308
	250,000	Express Scripts Holding Co		4.750		11/15/21		280,447
	525,000	Express Scripts Holding Co		3.900		02/15/22		562,698
	500,000	Express Scripts Holding Co		3.000		07/15/23		500,717
	300,000	Express Scripts Holding Co		3.500		06/15/24		309,839
	150,000	Express Scripts Holding Co		4.500		02/25/26		164,878
	500,000	Express Scripts Holding Co		3.400		03/01/27		500,549
	450,000	Express Scripts Holding Co		6.125		11/15/41		536,764
	750,000	Express Scripts Holding Co		4.800		07/15/46		749,506
	100,000	Kaiser Foundation Hospitals		3.500		04/01/22		107,569
	100,000	Kaiser Foundation Hospitals		4.875		04/01/42		119,631
	200,000	Keysight Technologies, Inc		3.300		10/30/19		203,099
	200,000	Keysight Technologies, Inc		4.550		10/30/24		203,881
	100,000	Laboratory Corp of America Holdings		2.200		08/23/17		100,709
	250,000	Laboratory Corp of America Holdings		2.500		11/01/18		253,957
	150,000	Laboratory Corp of America Holdings		2.625		02/01/20		153,221
	300,000	Laboratory Corp of America Holdings		3.200		02/01/22		310,352
	200,000	Laboratory Corp of America Holdings		3.750		08/23/22		210,614
	200,000	Laboratory Corp of America Holdings		4.000		11/01/23		214,247
	100,000	Laboratory Corp of America Holdings		3.600		02/01/25		103,842
	300,000	Laboratory Corp of America Holdings		4.700		02/01/45		320,422
	200,000	Mayo Clinic		4.128		11/15/52		225,226
	200,000	Mayo Clinic Rochester		4.000		11/15/47		217,452
	25,000	McKesson Corp		5.700		03/01/17		25,766
	180,000	McKesson Corp		4.750		03/01/21		198,627
	600,000	McKesson Corp		2.700		12/15/22		607,435
	200,000	McKesson Corp		2.850		03/15/23		204,032
	500,000	McKesson Corp		3.796		03/15/24		541,571
	100,000	McKesson Corp		6.000		03/01/41		126,450
	375,000	McKesson Corp		4.883		03/15/44		427,937
	250,000	Medco Health Solutions, Inc		7.125		03/15/18		272,941
	625,000	Medtronic, Inc		1.500		03/15/18		630,550
	250,000	Medtronic, Inc		1.375		04/01/18		251,582
	875,000	Medtronic, Inc		2.500		03/15/20		907,551
	1,000,000	Medtronic, Inc		3.150		03/15/22		1,067,303
	1,000,000	Medtronic, Inc		3.625		03/15/24		1,101,085

71

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	2,225,000	Medtronic, Inc		3.500	%	03/15/25	$	2,426,692
	936,000	Medtronic, Inc		4.375		03/15/35		1,055,485
	200,000	Medtronic, Inc		4.500		03/15/42		226,296
	1,000,000	Medtronic, Inc		4.625		03/15/44		1,168,755
	850,000	Medtronic, Inc		4.625		03/15/45		1,000,228
	300,000	New York and Presbyterian Hospital		4.024		08/01/45		327,103
	150,000	New York and Presbyterian Hospital		4.063		08/01/56		160,340
	350,000	NYU Hospitals Center		5.750		07/01/43		459,716
	100,000	Owens & Minor, Inc		3.875		09/15/21		103,506
	150,000	PerkinElmer, Inc		5.000		11/15/21		166,321
	300,000	Quest Diagnostics, Inc		2.700		04/01/19		307,681
	200,000	Quest Diagnostics, Inc		2.500		03/30/20		201,645
	400,000	Quest Diagnostics, Inc		4.700		04/01/21		440,178
	125,000	Quest Diagnostics, Inc		3.500		03/30/25		129,133
	300,000	Quest Diagnostics, Inc		4.700		03/30/45		314,222
	200,000	Southern Baptist Hospital of Florida, Inc		4.857		07/15/45		244,274
	300,000	St. Jude Medical, Inc		2.800		09/15/20		309,294
	200,000	St. Jude Medical, Inc		3.250		04/15/23		206,162
	300,000	St. Jude Medical, Inc		3.875		09/15/25		319,706
	200,000	St. Jude Medical, Inc		4.750		04/15/43		213,166
	150,000	Stryker Corp		2.000		09/30/16		150,444
	200,000	Stryker Corp		1.300		04/01/18		200,048
	125,000	Stryker Corp		2.000		03/08/19		127,068
	90,000	Stryker Corp		4.375		01/15/20		98,065
	100,000	Stryker Corp		2.625		03/15/21		103,370
	200,000	Stryker Corp		3.375		05/15/24		211,396
	200,000	Stryker Corp		3.375		11/01/25		209,987
	600,000	Stryker Corp		3.500		03/15/26		636,854
	200,000	Stryker Corp		4.100		04/01/43		203,870
	200,000	Stryker Corp		4.375		05/15/44		213,767
	250,000	Stryker Corp		4.625		03/15/46		281,085
	100,000	Texas Health Resources		4.330		11/15/55		112,596
	350,000	Thermo Fisher Scientific, Inc		1.850		01/15/18		352,306
	200,000	Thermo Fisher Scientific, Inc		2.150		12/14/18		202,272
	100,000	Thermo Fisher Scientific, Inc		2.400		02/01/19		101,739
	650,000	Thermo Fisher Scientific, Inc		3.300		02/15/22		676,653
	250,000	Thermo Fisher Scientific, Inc		3.150		01/15/23		255,540
	300,000	Thermo Fisher Scientific, Inc		3.000		04/15/23		305,500
	600,000	Thermo Fisher Scientific, Inc		4.150		02/01/24		655,102
	150,000	Thermo Fisher Scientific, Inc		3.650		12/15/25		157,566
	200,000	Thermo Fisher Scientific, Inc		5.300		02/01/44		232,656
	200,000	Trinity Health Corp		4.125		12/01/45		222,349
	750,000	Zimmer Holdings, Inc		1.450		04/01/17		750,484
	750,000	Zimmer Holdings, Inc		3.150		04/01/22		768,963
	625,000	Zimmer Holdings, Inc		3.550		04/01/25		644,488
	550,000	Zimmer Holdings, Inc		4.250		08/15/35		551,656
	106,000	Zimmer Holdings, Inc		5.750		11/30/39		125,689
	300,000	Zimmer Holdings, Inc		4.450		08/15/45		305,509
		TOTAL HEALTH CARE EQUIPMENT & SERVICES						46,130,298
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	100,000	Clorox Co		3.800		11/15/21		108,671

72

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	100,000	Clorox Co		3.050	%	09/15/22	$	104,513
	200,000	Clorox Co		3.500		12/15/24		214,242
	100,000	Colgate-Palmolive Co		0.900		05/01/18		100,296
	300,000	Colgate-Palmolive Co		1.750		03/15/19		306,947
	200,000	Colgate-Palmolive Co		2.300		05/03/22		207,335
	200,000	Colgate-Palmolive Co		1.950		02/01/23		202,823
	300,000	Colgate-Palmolive Co		3.250		03/15/24		333,111
	60,000	Colgate-Palmolive Co		6.450		06/16/28		83,253
	300,000	Colgate-Palmolive Co		4.000		08/15/45		345,144
	100,000	Ecolab, Inc		3.000		12/08/16		100,858
	250,000	Ecolab, Inc		1.450		12/08/17		250,441
	200,000	Ecolab, Inc		2.000		01/14/19		202,609
	375,000	Ecolab, Inc		2.250		01/12/20		381,770
	350,000	Ecolab, Inc		4.350		12/08/21		396,268
	200,000	Ecolab, Inc		3.250		01/14/23		210,013
	100,000	Ecolab, Inc		5.500		12/08/41		125,277
	200,000	Estee Lauder Cos, Inc		2.350		08/15/22		206,020
	100,000	Estee Lauder Cos, Inc		6.000		05/15/37		131,264
	300,000	Estee Lauder Cos, Inc		4.375		06/15/45		342,419
	1,000,000	Procter & Gamble Co		4.700		02/15/19		1,096,093
	300,000	Procter & Gamble Co		1.900		11/01/19		308,440
	500,000	Procter & Gamble Co		1.850		02/02/21		512,597
	800,000	Procter & Gamble Co		2.300		02/06/22		832,098
	600,000	Procter & Gamble Co		3.100		08/15/23		650,627
	750,000	Procter & Gamble Co		2.700		02/02/26		794,063
	225,000	Procter & Gamble Co		5.550		03/05/37		311,966
		TOTAL HOUSEHOLD & PERSONAL PRODUCTS						8,859,158
INSURANCE - 1.3%
	25,000	ACE INA Holdings, Inc		5.800		03/15/18		26,868
	500,000	ACE INA Holdings, Inc		5.900		06/15/19		563,126
	500,000	ACE INA Holdings, Inc		2.300		11/03/20		513,655
	500,000	ACE INA Holdings, Inc		2.875		11/03/22		523,090
	250,000	ACE INA Holdings, Inc		2.700		03/13/23		257,016
	300,000	ACE INA Holdings, Inc		3.350		05/15/24		321,354
	400,000	ACE INA Holdings, Inc		3.150		03/15/25		417,863
	675,000	ACE INA Holdings, Inc		3.350		05/03/26		718,951
	150,000	ACE INA Holdings, Inc		4.150		03/13/43		167,302
	600,000	ACE INA Holdings, Inc		4.350		11/03/45		690,761
	125,000	Aetna, Inc		1.500		11/15/17		125,572
	750,000	Aetna, Inc		1.700		06/07/18		756,019
	300,000	Aetna, Inc		2.200		03/15/19		305,411
	750,000	Aetna, Inc		1.900		06/07/19		759,829
	250,000	Aetna, Inc		3.950		09/01/20		268,350
	750,000	Aetna, Inc		2.400		06/15/21		766,457
	500,000	Aetna, Inc		2.750		11/15/22		509,842
	750,000	Aetna, Inc		2.800		06/15/23		766,720
	300,000	Aetna, Inc		3.500		11/15/24		316,644
	1,500,000	Aetna, Inc		3.200		06/15/26		1,544,872
	750,000	Aetna, Inc		4.250		06/15/36		774,955
	240,000	Aetna, Inc		6.625		06/15/36		320,147
	350,000	Aetna, Inc		4.500		05/15/42		370,758

73

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	500,000		Aetna, Inc		4.125	%	11/15/42	$	508,024
	500,000		Aetna, Inc		4.375		06/15/46		517,639
	200,000		Aflac, Inc		2.400		03/16/20		206,073
	300,000		Aflac, Inc		4.000		02/15/22		330,997
	600,000		Aflac, Inc		3.625		06/15/23		644,441
	200,000		Aflac, Inc		3.625		11/15/24		214,304
	200,000		Aflac, Inc		3.250		03/17/25		208,072
	125,000		Aflac, Inc		6.900		12/17/39		176,387
	300,000		Alleghany Corp		4.950		06/27/22		334,117
	200,000		Alleghany Corp		4.900		09/15/44		208,598
	300,000		Allied World Assurance Co Holdings Ltd		4.350		10/29/25		307,112
	100,000		Allied World Assurance Co Ltd		7.500		08/01/16		100,456
	1,250,000		Allstate Corp		3.150		06/15/23		1,329,457
	100,000		Allstate Corp		4.500		06/15/43		116,341
	200,000	i	Allstate Corp		5.750		08/15/53		205,100
	100,000		American Financial Group, Inc		9.875		06/15/19		121,230
	1,325,000		American International Group, Inc		2.300		07/16/19		1,348,233
	300,000		American International Group, Inc		3.300		03/01/21		312,737
	1,600,000		American International Group, Inc		4.875		06/01/22		1,782,413
	200,000		American International Group, Inc		3.750		07/10/25		203,937
	300,000		American International Group, Inc		3.900		04/01/26		309,315
	500,000		American International Group, Inc		3.875		01/15/35		478,998
	300,000		American International Group, Inc		4.700		07/10/35		310,336
	800,000		American International Group, Inc		6.250		05/01/36		951,986
	500,000		American International Group, Inc		4.500		07/16/44		484,045
	300,000		American International Group, Inc		4.800		07/10/45		304,291
	200,000		American International Group, Inc		4.375		01/15/55		185,055
	50,000		Aon plc		5.000		09/30/20		55,850
	200,000		Aon plc		2.800		03/15/21		205,447
	200,000		Aon plc		4.000		11/27/23		213,751
	300,000		Aon plc		3.500		06/14/24		308,902
	300,000		Aon plc		3.875		12/15/25		316,577
	200,000		Aon plc		6.250		09/30/40		254,465
	100,000		Aon plc		4.250		12/12/42		97,629
	200,000		Aon plc		4.450		05/24/43		200,093
	250,000		Aon plc		4.750		05/15/45		268,356
	300,000		Arch Capital Group US, Inc		5.144		11/01/43		325,566
	200,000		Aspen Insurance Holdings Ltd		4.650		11/15/23		217,954
	100,000		Assurant, Inc		2.500		03/15/18		101,210
	100,000		Assurant, Inc		4.000		03/15/23		103,042
	100,000		Assurant, Inc		6.750		02/15/34		123,844
	200,000		Assured Guaranty US Holdings, Inc		5.000		07/01/24		217,331
	270,000		AXA S.A.		8.600		12/15/30		369,900
	200,000		AXIS Specialty Finance plc		2.650		04/01/19		202,161
	50,000		AXIS Specialty Finance plc		5.875		06/01/20		55,894
	200,000		AXIS Specialty Finance plc		5.150		04/01/45		215,335
	300,000		Berkshire Hathaway Finance Corp		1.600		05/15/17		302,491
	750,000		Berkshire Hathaway Finance Corp		1.450		03/07/18		756,889
	225,000		Berkshire Hathaway Finance Corp		1.300		05/15/18		226,415
	750,000		Berkshire Hathaway Finance Corp		5.400		05/15/18		811,427
	600,000		Berkshire Hathaway Finance Corp		2.000		08/15/18		612,000
	750,000		Berkshire Hathaway Finance Corp		1.700		03/15/19		762,253

74

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	200,000		Berkshire Hathaway Finance Corp		2.900	%	10/15/20	$	212,369
	400,000		Berkshire Hathaway Finance Corp		3.000		05/15/22		427,399
	300,000		Berkshire Hathaway Finance Corp		4.400		05/15/42		336,987
	250,000		Berkshire Hathaway Finance Corp		4.300		05/15/43		278,906
	40,000		Chubb Corp		5.750		05/15/18		43,393
	300,000	i	Chubb Corp		6.375		04/15/37		261,000
	350,000		Chubb Corp		6.000		05/11/37		475,384
	540,000		Cigna Corp		5.125		06/15/20		599,265
	400,000		Cigna Corp		4.500		03/15/21		439,160
	400,000		Cigna Corp		3.250		04/15/25		408,591
	400,000		Cigna Corp		5.375		02/15/42		473,717
	200,000		Cincinnati Financial Corp		6.920		05/15/28		264,202
	500,000		CNA Financial Corp		5.750		08/15/21		575,743
	125,000		CNA Financial Corp		3.950		05/15/24		132,092
	200,000		CNA Financial Corp		4.500		03/01/26		212,985
	300,000		Everest Reinsurance Holdings, Inc		4.868		06/01/44		307,255
	250,000		Fidelity National Financial, Inc		5.500		09/01/22		275,669
	100,000		First American Financial Corp		4.300		02/01/23		102,388
	200,000		Hanover Insurance Group, Inc		4.500		04/15/26		206,576
	250,000		Hartford Financial Services Group, Inc		5.125		04/15/22		284,358
	321,000		Hartford Financial Services Group, Inc		6.625		03/30/40		414,597
	400,000		Hartford Financial Services Group, Inc		4.300		04/15/43		399,819
	300,000		Humana, Inc		2.625		10/01/19		308,229
	100,000		Humana, Inc		3.150		12/01/22		102,691
	300,000		Humana, Inc		3.850		10/01/24		320,542
	100,000		Humana, Inc		8.150		06/15/38		145,050
	200,000		Humana, Inc		4.625		12/01/42		208,025
	300,000		Humana, Inc		4.950		10/01/44		329,111
	100,000		Infinity Property & Casualty Corp		5.000		09/19/22		106,490
	229,000		ING US, Inc		2.900		02/15/18		233,286
	200,000		ING US, Inc		5.700		07/15/43		226,221
	200,000		Kemper Corp		4.350		02/15/25		207,441
	400,000		Leucadia National Corp		5.500		10/18/23		407,295
	200,000		Lincoln National Corp		8.750		07/01/19		236,584
	400,000		Lincoln National Corp		4.200		03/15/22		429,079
	525,000		Lincoln National Corp		4.000		09/01/23		546,024
	175,000		Lincoln National Corp		3.350		03/09/25		173,888
	30,000		Lincoln National Corp		6.150		04/07/36		35,172
	150,000		Lincoln National Corp		7.000		06/15/40		193,275
	200,000		Loews Corp		2.625		05/15/23		201,676
	200,000		Loews Corp		3.750		04/01/26		212,118
	200,000		Loews Corp		4.125		05/15/43		204,617
	100,000		Manulife Financial Corp		4.900		09/17/20		110,930
	700,000		Manulife Financial Corp		4.150		03/04/26		749,650
	200,000		Manulife Financial Corp		5.375		03/04/46		233,871
	150,000		Markel Corp		4.900		07/01/22		166,537
	100,000		Markel Corp		3.625		03/30/23		103,368
	100,000		Markel Corp		5.000		03/30/43		106,711
	150,000		Markel Corp		5.000		04/05/46		158,443
	100,000		Marsh & McLennan Cos, Inc		2.550		10/15/18		102,246
	500,000		Marsh & McLennan Cos, Inc		2.350		09/10/19		510,820
	150,000		Marsh & McLennan Cos, Inc		4.800		07/15/21		166,352

75

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	200,000		Marsh & McLennan Cos, Inc		3.300	%	03/14/23	$	208,818
	200,000		Marsh & McLennan Cos, Inc		4.050		10/15/23		215,832
	152,000		Marsh & McLennan Cos, Inc		3.500		06/03/24		157,917
	500,000		Marsh & McLennan Cos, Inc		3.500		03/10/25		519,796
	200,000		Memorial Sloan-Kettering Cancer Center		4.125		07/01/52		222,001
	500,000		Memorial Sloan-Kettering Cancer Center		4.200		07/01/55		565,704
	175,000		MetLife, Inc		1.756		12/15/17		176,640
	200,000		MetLife, Inc		1.903		12/15/17		201,812
	1,050,000		MetLife, Inc		4.750		02/08/21		1,172,622
	700,000		MetLife, Inc		3.048		12/15/22		718,208
	325,000		MetLife, Inc		4.368		09/15/23		359,938
	500,000		MetLife, Inc		3.600		04/10/24		527,556
	700,000		MetLife, Inc		3.600		11/13/25		734,891
	50,000		MetLife, Inc		6.375		06/15/34		64,578
	405,000		MetLife, Inc		5.700		06/15/35		492,716
	130,000		MetLife, Inc		5.875		02/06/41		161,763
	200,000		MetLife, Inc		4.125		08/13/42		199,241
	600,000		MetLife, Inc		4.875		11/13/43		663,673
	500,000		MetLife, Inc		4.721		12/15/44		532,880
	300,000		MetLife, Inc		4.050		03/01/45		295,744
	150,000		MetLife, Inc		4.600		05/13/46		160,349
	200,000		Montpelier Re Holdings Ltd		4.700		10/15/22		209,766
	20,000		Nationwide Financial Services		6.750		05/15/37		20,795
	200,000		Navigators Group, Inc		5.750		10/15/23		218,788
	200,000		Old Republic International Corp		4.875		10/01/24		213,717
	500,000		OneBeacon US Holdings, Inc		4.600		11/09/22		508,558
	100,000		PartnerRe Ltd		5.500		06/01/20		111,242
	100,000	g	Primerica, Inc		4.750		07/15/22		110,091
	100,000		Principal Financial Group, Inc		1.850		11/15/17		100,548
	130,000		Principal Financial Group, Inc		8.875		05/15/19		154,260
	100,000		Principal Financial Group, Inc		3.300		09/15/22		103,858
	150,000		Principal Financial Group, Inc		3.125		05/15/23		151,979
	200,000		Principal Financial Group, Inc		3.400		05/15/25		204,884
	100,000		Principal Financial Group, Inc		6.050		10/15/36		125,122
	100,000		Principal Financial Group, Inc		4.625		09/15/42		105,844
	200,000		Principal Financial Group, Inc		4.350		05/15/43		203,166
	200,000	i	Principal Financial Group, Inc		4.700		05/15/55		195,250
	120,000		Progressive Corp		6.250		12/01/32		160,486
	300,000	i	Progressive Corp		6.700		06/15/37		275,250
	300,000		Progressive Corp		4.350		04/25/44		343,115
	300,000		Progressive Corp		3.700		01/26/45		309,013
	100,000		Protective Life Corp		7.375		10/15/19		116,051
	100,000		Prudential Financial, Inc		2.300		08/15/18		102,058
	1,020,000		Prudential Financial, Inc		7.375		06/15/19		1,183,362
	200,000		Prudential Financial, Inc		2.350		08/15/19		203,727
	300,000		Prudential Financial, Inc		4.500		11/16/21		336,990
	400,000		Prudential Financial, Inc		5.750		07/15/33		469,410
	450,000		Prudential Financial, Inc		6.200		11/15/40		554,216
	125,000	i	Prudential Financial, Inc		5.875		09/15/42		135,156
	500,000	i	Prudential Financial, Inc		5.625		06/15/43		518,750
	150,000		Prudential Financial, Inc		5.100		08/15/43		166,281
	600,000	i	Prudential Financial, Inc		5.200		03/15/44		588,300

76

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	800,000		Prudential Financial, Inc		4.600	%	05/15/44	$	859,483
	200,000	i	Prudential Financial, Inc		5.375		05/15/45		202,250
	150,000		Reinsurance Group of America, Inc		5.625		03/15/17		154,292
	100,000		Reinsurance Group of America, Inc		5.000		06/01/21		110,723
	250,000		Reinsurance Group of America, Inc		4.700		09/15/23		271,963
	200,000		RenaissanceRe Finance, Inc		3.700		04/01/25		201,815
	100,000		StanCorp Financial Group, Inc		5.000		08/15/22		110,582
	250,000		Torchmark Corp		3.800		09/15/22		258,376
	20,000		Transatlantic Holdings, Inc		8.000		11/30/39		27,658
	610,000		Travelers Cos, Inc		5.800		05/15/18		661,654
	130,000		Travelers Cos, Inc		5.900		06/02/19		146,713
	600,000		Travelers Cos, Inc		5.350		11/01/40		773,939
	200,000		Travelers Cos, Inc		4.600		08/01/43		239,223
	250,000		Travelers Cos, Inc		4.300		08/25/45		284,870
	100,000		Travelers Cos, Inc		3.750		05/15/46		104,758
	100,000		Travelers Property Casualty Corp		6.375		03/15/33		135,477
	300,000		UnitedHealth Group, Inc		1.400		12/15/17		301,618
	324,000		UnitedHealth Group, Inc		6.000		02/15/18		349,380
	500,000		UnitedHealth Group, Inc		1.900		07/16/18		508,085
	200,000		UnitedHealth Group, Inc		1.700		02/15/19		202,232
	900,000		UnitedHealth Group, Inc		1.625		03/15/19		909,207
	500,000		UnitedHealth Group, Inc		2.300		12/15/19		516,292
	500,000		UnitedHealth Group, Inc		2.700		07/15/20		520,807
	700,000		UnitedHealth Group, Inc		4.700		02/15/21		790,427
	300,000		UnitedHealth Group, Inc		2.125		03/15/21		305,678
	500,000		UnitedHealth Group, Inc		2.875		12/15/21		526,692
	500,000		UnitedHealth Group, Inc		3.350		07/15/22		535,541
	325,000		UnitedHealth Group, Inc		2.750		02/15/23		334,124
	200,000		UnitedHealth Group, Inc		2.875		03/15/23		208,243
	500,000		UnitedHealth Group, Inc		3.750		07/15/25		547,966
	175,000		UnitedHealth Group, Inc		3.100		03/15/26		183,612
	750,000		UnitedHealth Group, Inc		4.625		07/15/35		871,537
	365,000		UnitedHealth Group, Inc		6.625		11/15/37		516,267
	250,000		UnitedHealth Group, Inc		6.875		02/15/38		365,019
	150,000		UnitedHealth Group, Inc		4.625		11/15/41		171,265
	300,000		UnitedHealth Group, Inc		4.375		03/15/42		333,235
	350,000		UnitedHealth Group, Inc		3.950		10/15/42		366,443
	200,000		UnitedHealth Group, Inc		4.250		03/15/43		219,216
	750,000		UnitedHealth Group, Inc		4.750		07/15/45		908,000
	110,000		Unum Group		5.625		09/15/20		123,511
	200,000		Unum Group		3.000		05/15/21		204,929
	200,000		Unum Group		4.000		03/15/24		206,587
	200,000		Unum Group		3.875		11/05/25		203,763
	100,000		Unum Group		5.750		08/15/42		110,479
	200,000		Verisk Analytics, Inc		5.800		05/01/21		229,414
	500,000		Verisk Analytics, Inc		4.000		06/15/25		525,404
	300,000		Verisk Analytics, Inc		5.500		06/15/45		308,699
	200,000		Voya Financial, Inc		3.650		06/15/26		201,128
	200,000		Voya Financial, Inc		4.800		06/15/46		199,476
	200,000		WellPoint, Inc		1.875		01/15/18		201,132
	1,250,000		WellPoint, Inc		2.300		07/15/18		1,268,423
	300,000		WellPoint, Inc		2.250		08/15/19		302,673

77

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	150,000	WellPoint, Inc		3.700	%	08/15/21	$	160,365
	800,000	WellPoint, Inc		3.125		05/15/22		827,761
	200,000	WellPoint, Inc		3.300		01/15/23		206,613
	300,000	WellPoint, Inc		3.500		08/15/24		310,732
	300,000	WellPoint, Inc		4.625		05/15/42		314,891
	200,000	WellPoint, Inc		4.650		01/15/43		208,862
	500,000	WellPoint, Inc		5.100		01/15/44		562,418
	300,000	WellPoint, Inc		4.650		08/15/44		319,703
	300,000	WellPoint, Inc		4.850		08/15/54		316,200
	200,000	Willis Group Holdings plc		5.750		03/15/21		223,712
	165,000	WR Berkley Corp		5.375		09/15/20		182,851
	250,000	WR Berkley Corp		4.625		03/15/22		273,155
	200,000	WR Berkley Corp		4.750		08/01/44		207,602
	350,000	XL Capital Ltd		6.375		11/15/24		421,122
	200,000	XLIT Ltd		2.300		12/15/18		202,060
	200,000	XLIT Ltd		4.450		03/31/25		201,918
	200,000	XLIT Ltd		5.250		12/15/43		216,337
		TOTAL INSURANCE						86,506,929
MATERIALS - 0.9%
	200,000	3M Co		1.000		06/26/17		200,516
	200,000	3M Co		1.375		08/07/18		201,976
	200,000	3M Co		2.000		06/26/22		204,909
	200,000	3M Co		3.000		08/07/25		218,121
	190,000	3M Co		5.700		03/15/37		261,373
	300,000	3M Co		3.875		06/15/44		332,715
	100,000	Agrium, Inc		6.750		01/15/19		111,258
	150,000	Agrium, Inc		3.150		10/01/22		152,803
	200,000	Agrium, Inc		3.500		06/01/23		207,690
	250,000	Agrium, Inc		3.375		03/15/25		254,420
	200,000	Agrium, Inc		4.125		03/15/35		193,246
	100,000	Agrium, Inc		6.125		01/15/41		118,730
	200,000	Agrium, Inc		4.900		06/01/43		207,402
	225,000	Agrium, Inc		5.250		01/15/45		241,505
	200,000	Air Products & Chemicals, Inc		1.200		10/15/17		200,898
	150,000	Air Products & Chemicals, Inc		3.000		11/03/21		160,011
	150,000	Air Products & Chemicals, Inc		2.750		02/03/23		154,580
	300,000	Air Products & Chemicals, Inc		3.350		07/31/24		325,167
	200,000	Airgas, Inc		1.650		02/15/18		200,727
	250,000	Airgas, Inc		2.900		11/15/22		254,662
	200,000	Airgas, Inc		3.650		07/15/24		210,146
	100,000	Albemarle Corp		3.000		12/01/19		101,353
	100,000	Albemarle Corp		4.500		12/15/20		106,418
	200,000	Albemarle Corp		4.150		12/01/24		209,515
	200,000	Avery Dennison Corp		3.350		04/15/23		204,299
	180,000	Barrick Australian Finance Pty Ltd		5.950		10/15/39		188,163
	385,000	Barrick Gold Corp		4.100		05/01/23		407,068
	250,000	Barrick Gold Corp		5.250		04/01/42		255,175
	1,500,000	Barrick North America Finance LLC		4.400		05/30/21		1,615,236
	300,000	Barrick North America Finance LLC		5.750		05/01/43		325,962
	100,000	Bemis Co, Inc		6.800		08/01/19		114,146
	300,000	BHP Billiton Finance USA Ltd		2.050		09/30/18		303,930

78

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	450,000	BHP Billiton Finance USA Ltd		6.500	%	04/01/19	$	509,367
	100,000	BHP Billiton Finance USA Ltd		3.250		11/21/21		105,708
	1,675,000	BHP Billiton Finance USA Ltd		3.850		09/30/23		1,823,408
	500,000	BHP Billiton Finance USA Ltd		4.125		02/24/42		515,852
	500,000	BHP Billiton Finance USA Ltd		5.000		09/30/43		578,336
	600,000	Braskem Finance Ltd		6.450		02/03/24		606,060
	200,000	Cabot Corp		3.700		07/15/22		207,445
	100,000	Celulosa Arauco y Constitucion S.A.		5.000		01/21/21		107,739
	100,000	Celulosa Arauco y Constitucion S.A.		4.750		01/11/22		106,613
	400,000	Celulosa Arauco y Constitucion S.A.		4.500		08/01/24		416,672
	350,000	CF Industries, Inc		7.125		05/01/20		403,861
	200,000	CF Industries, Inc		3.450		06/01/23		199,850
	500,000	CF Industries, Inc		5.150		03/15/34		488,408
	200,000	CF Industries, Inc		4.950		06/01/43		184,020
	250,000	Church & Dwight Co, Inc		2.875		10/01/22		258,250
	100,000	Corning, Inc		1.450		11/15/17		99,948
	225,000	Corning, Inc		4.250		08/15/20		242,828
	300,000	Corning, Inc		2.900		05/15/22		307,305
	200,000	Corning, Inc		3.700		11/15/23		212,721
	100,000	Corning, Inc		5.750		08/15/40		119,045
	200,000	Corning, Inc		4.750		03/15/42		208,786
	150,000	Cytec Industries, Inc		3.500		04/01/23		149,305
	200,000	Domtar Corp		4.400		04/01/22		207,415
	100,000	Domtar Corp		6.250		09/01/42		103,443
	100,000	Domtar Corp		6.750		02/15/44		109,446
	591,000	Dow Chemical Co		8.550		05/15/19		702,638
	929,000	Dow Chemical Co		4.250		11/15/20		1,015,427
	500,000	Dow Chemical Co		4.125		11/15/21		548,602
	550,000	Dow Chemical Co		3.000		11/15/22		567,590
	900,000	Dow Chemical Co		3.500		10/01/24		955,591
	400,000	Dow Chemical Co		4.250		10/01/34		413,089
	350,000	Dow Chemical Co		5.250		11/15/41		389,082
	375,000	Dow Chemical Co		4.375		11/15/42		383,179
	400,000	Dow Chemical Co		4.625		10/01/44		427,810
	87,000	Eastman Chemical Co		2.400		06/01/17		87,806
	165,000	Eastman Chemical Co		5.500		11/15/19		182,668
	400,000	Eastman Chemical Co		2.700		01/15/20		411,419
	250,000	Eastman Chemical Co		3.600		08/15/22		262,890
	300,000	Eastman Chemical Co		3.800		03/15/25		317,210
	150,000	Eastman Chemical Co		4.800		09/01/42		155,576
	300,000	Eastman Chemical Co		4.650		10/15/44		307,923
	1,420,000	EI du Pont de Nemours & Co		4.625		01/15/20		1,568,011
	1,500,000	EI du Pont de Nemours & Co		2.800		02/15/23		1,540,017
	225,000	EI du Pont de Nemours & Co		4.150		02/15/43		231,707
	100,000	FMC Corp		3.950		02/01/22		104,585
	200,000	FMC Corp		4.100		02/01/24		210,665
	300,000	Georgia-Pacific LLC		8.000		01/15/24		400,927
	250,000	Georgia-Pacific LLC		7.750		11/15/29		362,304
	250,000	Goldcorp, Inc		2.125		03/15/18		250,366
	250,000	Goldcorp, Inc		3.700		03/15/23		254,523
	300,000	Goldcorp, Inc		5.450		06/09/44		303,452
	100,000	Hubbell, Inc		3.625		11/15/22		106,648

79

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	200,000	Hubbell, Inc		3.350	%	03/01/26	$	208,046
	300,000	International Flavors & Fragrances, Inc		3.200		05/01/23		308,361
	1,000,000	International Paper Co		3.650		06/15/24		1,057,906
	250,000	International Paper Co		5.000		09/15/35		270,927
	170,000	International Paper Co		7.300		11/15/39		223,640
	450,000	International Paper Co		6.000		11/15/41		533,695
	300,000	International Paper Co		4.800		06/15/44		305,195
	250,000	International Paper Co		5.150		05/15/46		269,873
	330,000	Kimberly-Clark Corp		6.250		07/15/18		364,328
	200,000	Kimberly-Clark Corp		1.400		02/15/19		202,550
	200,000	Kimberly-Clark Corp		1.900		05/22/19		205,174
	200,000	Kimberly-Clark Corp		1.850		03/01/20		204,596
	225,000	Kimberly-Clark Corp		3.625		08/01/20		246,389
	100,000	Kimberly-Clark Corp		3.875		03/01/21		110,790
	125,000	Kimberly-Clark Corp		2.400		03/01/22		129,867
	200,000	Kimberly-Clark Corp		2.400		06/01/23		208,052
	150,000	Kimberly-Clark Corp		3.050		08/15/25		161,305
	200,000	Kimberly-Clark Corp		2.750		02/15/26		210,064
	200,000	Kimberly-Clark Corp		6.625		08/01/37		296,366
	200,000	Kimberly-Clark Corp		3.700		06/01/43		217,123
	92,000	Lubrizol Corp		8.875		02/01/19		109,591
	150,000	Lubrizol Corp		6.500		10/01/34		201,195
	300,000	LYB International Finance BV		4.000		07/15/23		321,330
	300,000	LYB International Finance BV		5.250		07/15/43		328,254
	300,000	LYB International Finance BV		4.875		03/15/44		317,414
	500,000	LyondellBasell Industries NV		5.000		04/15/19		541,433
	300,000	LyondellBasell Industries NV		6.000		11/15/21		351,782
	800,000	LyondellBasell Industries NV		5.750		04/15/24		952,544
	125,000	LyondellBasell Industries NV		4.625		02/26/55		120,883
	250,000	Martin Marietta Materials, Inc		6.600		04/15/18		269,288
	200,000	Martin Marietta Materials, Inc		4.250		07/02/24		213,116
	150,000	Methanex Corp		3.250		12/15/19		145,685
	150,000	Methanex Corp		4.250		12/01/24		133,920
	100,000	Methanex Corp		5.650		12/01/44		83,034
	400,000	Monsanto Co		1.150		06/30/17		399,696
	200,000	Monsanto Co		1.850		11/15/18		201,793
	400,000	Monsanto Co		2.125		07/15/19		404,340
	100,000	Monsanto Co		2.200		07/15/22		98,794
	150,000	Monsanto Co		5.500		08/15/25		173,918
	100,000	Monsanto Co		3.600		07/15/42		86,486
	200,000	Monsanto Co		4.650		11/15/43		200,382
	200,000	Monsanto Co		4.400		07/15/44		196,693
	350,000	Monsanto Co		3.950		04/15/45		324,251
	500,000	Monsanto Co		4.700		07/15/64		455,797
	100,000	NewMarket Corp		4.100		12/15/22		103,735
	200,000	Newmont Mining Corp		5.125		10/01/19		217,196
	600,000	Newmont Mining Corp		3.500		03/15/22		623,103
	298,000	Newmont Mining Corp		5.875		04/01/35		314,382
	135,000	Newmont Mining Corp		6.250		10/01/39		150,324
	300,000	Newmont Mining Corp		4.875		03/15/42		296,823
	100,000	Nucor Corp		5.750		12/01/17		105,343
	130,000	Nucor Corp		5.850		06/01/18		139,756

80

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	300,000	Nucor Corp		4.125	%	09/15/22	$	326,325
	300,000	Nucor Corp		5.200		08/01/43		329,639
	8,000	Owens Corning		9.000		06/15/19		9,267
	200,000	Owens Corning		4.200		12/15/22		213,295
	500,000	Owens Corning		4.200		12/01/24		523,425
	150,000	Packaging Corp of America		3.900		06/15/22		159,051
	250,000	Packaging Corp of America		4.500		11/01/23		271,653
	100,000	Packaging Corp of America		3.650		09/15/24		103,336
	100,000	Plum Creek Timberlands LP		4.700		03/15/21		108,896
	300,000	Plum Creek Timberlands LP		3.250		03/15/23		301,127
	650,000	Potash Corp of Saskatchewan, Inc		4.875		03/30/20		716,815
	400,000	Potash Corp of Saskatchewan, Inc		3.625		03/15/24		421,892
	200,000	Potash Corp of Saskatchewan, Inc		3.000		04/01/25		202,761
	200,000	Potash Corp of Saskatchewan, Inc		5.625		12/01/40		235,670
	27,000	PPG Industries, Inc		6.650		03/15/18		29,213
	300,000	PPG Industries, Inc		2.300		11/15/19		302,504
	300,000	PPG Industries, Inc		3.600		11/15/20		315,473
	200,000	Praxair, Inc		1.050		11/07/17		200,155
	300,000	Praxair, Inc		2.250		09/24/20		310,863
	250,000	Praxair, Inc		2.200		08/15/22		256,942
	300,000	Praxair, Inc		2.650		02/05/25		310,757
	100,000	Praxair, Inc		3.200		01/30/26		108,154
	625,000	Praxair, Inc		3.550		11/07/42		620,484
	1,000,000	Rio Tinto Finance USA Ltd		3.750		06/15/25		1,050,681
	250,000	Rio Tinto Finance USA Ltd		7.125		07/15/28		317,531
	388,000	Rio Tinto Finance USA plc		3.500		03/22/22		408,354
	200,000	Rio Tinto Finance USA plc		4.750		03/22/42		212,084
	900,000	Rio Tinto Finance USA plc		4.125		08/21/42		895,047
	500,000	Rock Tenn Co		4.900		03/01/22		555,098
	58,000	Rohm and Haas Co		6.000		09/15/17		61,086
	100,000	RPM International, Inc		6.125		10/15/19		111,275
	300,000	RPM International, Inc		3.450		11/15/22		306,090
	100,000	RPM International, Inc		5.250		06/01/45		102,004
	175,000	Sherwin-Williams Co		1.350		12/15/17		175,329
	200,000	Sherwin-Williams Co		3.450		08/01/25		207,959
	200,000	Sherwin-Williams Co		4.000		12/15/42		199,732
	150,000	Sonoco Products Co		5.750		11/01/40		178,221
	200,000	Southern Copper Corp		5.375		04/16/20		216,714
	300,000	Southern Copper Corp		3.875		04/23/25		296,566
	100,000	Southern Copper Corp		7.500		07/27/35		110,510
	680,000	Southern Copper Corp		6.750		04/16/40		701,526
	500,000	Southern Copper Corp		5.875		04/23/45		469,342
	450,000	Vale S.A.		5.625		09/11/42		366,750
	150,000	Valspar Corp		4.200		01/15/22		160,477
	300,000	Valspar Corp		3.300		02/01/25		302,462
	200,000	Valspar Corp		3.950		01/15/26		210,711
	150,000	Westlake Chemical Corp		3.600		07/15/22		153,542
	200,000	Worthington Industries, Inc		4.550		04/15/26		206,783
	200,000	Yamana Gold, Inc		4.950		07/15/24		196,760
		TOTAL MATERIALS						57,844,515

81

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
MEDIA - 0.8%
$	100,000		CBS Corp		1.950	%	07/01/17	$	100,565
	200,000		CBS Corp		2.300		08/15/19		203,078
	50,000		CBS Corp		5.750		04/15/20		57,216
	445,000		CBS Corp		4.300		02/15/21		484,014
	500,000		CBS Corp		3.375		03/01/22		521,072
	200,000		CBS Corp		3.700		08/15/24		208,954
	300,000		CBS Corp		3.500		01/15/25		308,596
	125,000		CBS Corp		4.000		01/15/26		133,487
	200,000		CBS Corp		4.850		07/01/42		201,080
	200,000		CBS Corp		4.900		08/15/44		202,955
	500,000		CBS Corp		4.600		01/15/45		495,887
	675,000	g	CCO Safari II LLC		3.579		07/23/20		705,737
	610,000	g	CCO Safari II LLC		4.464		07/23/22		656,771
	500,000	g	CCO SAFARI II LLC		6.484		10/23/45		597,374
	500,000	g	CCO SAFARI II LLC		6.834		10/23/55		594,894
	2,250,000	g	Charter Communications Operating LLC		4.908		07/23/25		2,452,268
	500,000	g	Charter Communications Operating LLC		6.384		10/23/35		592,385
	1,000,000		Comcast Corp		5.150		03/01/20		1,130,142
	1,350,000		Comcast Corp		3.125		07/15/22		1,443,728
	800,000		Comcast Corp		2.850		01/15/23		841,160
	600,000		Comcast Corp		2.750		03/01/23		628,442
	600,000		Comcast Corp		3.375		02/15/25		647,546
	350,000		Comcast Corp		3.375		08/15/25		377,214
	1,600,000		Comcast Corp		3.150		03/01/26		1,701,749
	625,000		Comcast Corp		4.250		01/15/33		690,125
	129,000		Comcast Corp		7.050		03/15/33		180,738
	125,000		Comcast Corp		4.200		08/15/34		137,707
	345,000		Comcast Corp		5.650		06/15/35		449,411
	350,000		Comcast Corp		4.400		08/15/35		395,019
	350,000		Comcast Corp		6.950		08/15/37		503,699
	780,000		Comcast Corp		6.400		03/01/40		1,090,201
	350,000		Comcast Corp		4.650		07/15/42		401,902
	300,000		Comcast Corp		4.500		01/15/43		338,901
	500,000		Comcast Corp		4.750		03/01/44		583,418
	900,000		Comcast Corp		4.600		08/15/45		1,034,806
	510,000		Discovery Communications LLC		5.050		06/01/20		562,468
	500,000		Discovery Communications LLC		3.300		05/15/22		505,293
	600,000		Discovery Communications LLC		3.250		04/01/23		590,882
	350,000		Discovery Communications LLC		3.450		03/15/25		342,599
	200,000		Discovery Communications LLC		4.900		03/11/26		212,197
	100,000		Discovery Communications LLC		6.350		06/01/40		103,182
	100,000		Discovery Communications LLC		4.950		05/15/42		86,866
	125,000		Discovery Communications LLC		4.875		04/01/43		112,837
	550,000		Grupo Televisa SAB		6.625		03/18/25		675,370
	200,000		Grupo Televisa SAB		4.625		01/30/26		216,351
	600,000		Grupo Televisa SAB		5.000		05/13/45		576,272
	200,000		Grupo Televisa SAB		6.125		01/31/46		220,854
	348,000		Historic TW, Inc		6.625		05/15/29		454,154
	300,000		Interpublic Group of Cos, Inc		2.250		11/15/17		302,050
	100,000		Interpublic Group of Cos, Inc		4.000		03/15/22		106,451
	200,000		Interpublic Group of Cos, Inc		4.200		04/15/24		214,404

82

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	1,585,000	NBC Universal Media LLC		5.150	%	04/30/20	$	1,796,680
	820,000	NBC Universal Media LLC		4.375		04/01/21		918,961
	375,000	NBC Universal Media LLC		2.875		01/15/23		394,681
	95,000	NBC Universal Media LLC		6.400		04/30/40		131,617
	150,000	NBC Universal Media LLC		5.950		04/01/41		199,693
	1,200,000	NBC Universal Media LLC		4.450		01/15/43		1,338,026
	200,000	Omnicom Group, Inc		4.450		08/15/20		220,664
	700,000	Omnicom Group, Inc		3.625		05/01/22		743,845
	200,000	Omnicom Group, Inc		3.650		11/01/24		210,945
	325,000	Omnicom Group, Inc		3.600		04/15/26		342,476
	300,000	Scripps Networks Interactive, Inc		2.750		11/15/19		306,258
	200,000	Scripps Networks Interactive, Inc		2.800		06/15/20		203,156
	200,000	Scripps Networks Interactive, Inc		3.500		06/15/22		207,317
	200,000	Scripps Networks Interactive, Inc		3.900		11/15/24		210,371
	200,000	Scripps Networks Interactive, Inc		3.950		06/15/25		213,046
	500,000	Time Warner Cable, Inc		5.850		05/01/17		517,592
	170,000	Time Warner Cable, Inc		6.750		07/01/18		186,499
	910,000	Time Warner Cable, Inc		8.750		02/14/19		1,062,524
	1,100,000	Time Warner Cable, Inc		8.250		04/01/19		1,277,321
	1,300,000	Time Warner Cable, Inc		4.000		09/01/21		1,381,006
	500,000	Time Warner Cable, Inc		6.550		05/01/37		583,390
	175,000	Time Warner Cable, Inc		6.750		06/15/39		205,716
	690,000	Time Warner Cable, Inc		5.875		11/15/40		751,826
	300,000	Time Warner Cable, Inc		5.500		09/01/41		314,883
	1,450,000	Time Warner Cable, Inc		4.500		09/15/42		1,352,256
	1,200,000	Time Warner, Inc		2.100		06/01/19		1,220,171
	450,000	Time Warner, Inc		4.750		03/29/21		505,568
	1,400,000	Time Warner, Inc		3.400		06/15/22		1,481,061
	650,000	Time Warner, Inc		4.050		12/15/23		716,862
	500,000	Time Warner, Inc		3.550		06/01/24		531,425
	500,000	Time Warner, Inc		3.875		01/15/26		539,350
	500,000	Time Warner, Inc		2.950		07/15/26		504,042
	785,000	Time Warner, Inc		6.500		11/15/36		996,017
	350,000	Time Warner, Inc		6.100		07/15/40		428,013
	150,000	Time Warner, Inc		6.250		03/29/41		188,880
	900,000	Time Warner, Inc		4.900		06/15/42		967,359
	200,000	Time Warner, Inc		5.350		12/15/43		229,272
	300,000	Time Warner, Inc		4.650		06/01/44		315,551
	400,000	Time Warner, Inc		4.850		07/15/45		435,204
	250,000	Viacom, Inc		2.500		09/01/18		253,474
	500,000	Viacom, Inc		2.200		04/01/19		502,224
	300,000	Viacom, Inc		2.750		12/15/19		304,354
	400,000	Viacom, Inc		3.875		12/15/21		422,090
	500,000	Viacom, Inc		3.125		06/15/22		499,292
	200,000	Viacom, Inc		3.250		03/15/23		196,789
	250,000	Viacom, Inc		4.250		09/01/23		259,830
	400,000	Viacom, Inc		3.875		04/01/24		407,832
	300,000	Viacom, Inc		4.850		12/15/34		279,829
	200,000	Viacom, Inc		4.500		02/27/42		166,034
	504,000	Viacom, Inc		4.375		03/15/43		407,365
	100,000	Viacom, Inc		4.875		06/15/43		88,334
	500,000	Viacom, Inc		5.250		04/01/44		468,824
	261,000	WPP Finance 2010		4.750		11/21/21		289,563

83

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	300,000		WPP Finance 2010		3.625	%	09/07/22	$	317,073
	200,000		WPP Finance 2010		3.750		09/19/24		211,462
	200,000		WPP Finance 2010		5.625		11/15/43		229,913
			TOTAL MEDIA						55,808,277
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.6%
	350,000		Abbott Laboratories		5.125		04/01/19		384,460
	400,000		Abbott Laboratories		2.000		03/15/20		405,624
	400,000		Abbott Laboratories		2.550		03/15/22		409,176
	400,000		Abbott Laboratories		2.950		03/15/25		407,665
	500,000		Abbott Laboratories		5.300		05/27/40		610,140
	800,000		AbbVie, Inc		1.750		11/06/17		804,735
	1,975,000		AbbVie, Inc		1.800		05/14/18		1,988,932
	700,000		AbbVie, Inc		2.000		11/06/18		707,146
	850,000		AbbVie, Inc		2.500		05/14/20		870,127
	350,000		AbbVie, Inc		2.300		05/14/21		354,292
	1,000,000		AbbVie, Inc		3.200		11/06/22		1,034,165
	500,000		AbbVie, Inc		2.850		05/14/23		504,868
	1,000,000		AbbVie, Inc		3.600		05/14/25		1,047,869
	1,225,000		AbbVie, Inc		3.200		05/14/26		1,238,596
	1,000,000		AbbVie, Inc		4.500		05/14/35		1,043,154
	500,000		AbbVie, Inc		4.300		05/14/36		509,277
	1,375,000		AbbVie, Inc		4.400		11/06/42		1,402,016
	600,000		AbbVie, Inc		4.700		05/14/45		634,963
	500,000		AbbVie, Inc		4.450		05/14/46		507,376
	1,000,000		Actavis Funding SCS		2.350		03/12/18		1,013,629
	1,825,000		Actavis Funding SCS		3.000		03/12/20		1,880,451
	3,000,000		Actavis Funding SCS		3.450		03/15/22		3,116,715
	1,450,000		Actavis Funding SCS		3.800		03/15/25		1,508,725
	725,000		Actavis Funding SCS		4.550		03/15/35		742,857
	1,525,000		Actavis Funding SCS		4.750		03/15/45		1,596,936
	300,000		Amgen, Inc		2.125		05/15/17		302,505
	500,000		Amgen, Inc		1.250		05/22/17		500,801
	550,000		Amgen, Inc		5.850		06/01/17		572,892
	500,000		Amgen, Inc		2.200		05/22/19		512,844
	75,000		Amgen, Inc		4.500		03/15/20		82,596
	400,000		Amgen, Inc		2.125		05/01/20		406,352
	250,000		Amgen, Inc		3.450		10/01/20		267,375
	700,000		Amgen, Inc		4.100		06/15/21		767,876
	400,000		Amgen, Inc		2.700		05/01/22		411,705
	1,000,000		Amgen, Inc		3.625		05/15/22		1,076,400
	500,000		Amgen, Inc		3.625		05/22/24		536,700
	400,000		Amgen, Inc		3.125		05/01/25		417,492
	650,000		Amgen, Inc		4.950		10/01/41		714,296
	1,200,000		Amgen, Inc		4.400		05/01/45		1,252,398
	1,928,000	g	Amgen, Inc		4.563		06/15/48		2,002,342
	447,000	g	Amgen, Inc		4.663		06/15/51		466,423
	800,000		AstraZeneca plc		5.900		09/15/17		845,330
	300,000		AstraZeneca plc		1.750		11/16/18		303,961
	1,100,000		AstraZeneca plc		2.375		11/16/20		1,129,680
	500,000		AstraZeneca plc		3.375		11/16/25		523,708
	900,000		AstraZeneca plc		6.450		09/15/37		1,229,111

84

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	450,000	AstraZeneca plc		4.000	%	09/18/42	$	463,888
	350,000	AstraZeneca plc		4.375		11/16/45		382,001
	500,000	Baxalta, Inc		2.000		06/22/18		500,255
	500,000	Baxalta, Inc		4.000		06/23/25		521,180
	500,000	Baxalta, Inc		5.250		06/23/45		542,666
	100,000	Biogen Idec, Inc		6.875		03/01/18		108,840
	100,000	Biogen, Inc		2.900		09/15/20		104,226
	300,000	Biogen, Inc		3.625		09/15/22		318,494
	500,000	Biogen, Inc		4.050		09/15/25		538,484
	1,500,000	Biogen, Inc		5.200		09/15/45		1,687,943
	250,000	Bristol-Myers Squibb Co		0.875		08/01/17		250,315
	783,000	Bristol-Myers Squibb Co		1.750		03/01/19		797,691
	200,000	Bristol-Myers Squibb Co		3.250		11/01/23		220,891
	650,000	Bristol-Myers Squibb Co		3.250		08/01/42		647,152
	200,000	Bristol-Myers Squibb Co		4.500		03/01/44		244,922
	200,000	Celgene Corp		1.900		08/15/17		201,535
	400,000	Celgene Corp		2.125		08/15/18		405,978
	300,000	Celgene Corp		2.300		08/15/18		305,503
	200,000	Celgene Corp		2.250		05/15/19		203,334
	425,000	Celgene Corp		2.875		08/15/20		439,546
	200,000	Celgene Corp		3.950		10/15/20		215,746
	300,000	Celgene Corp		3.250		08/15/22		309,894
	750,000	Celgene Corp		3.550		08/15/22		785,856
	300,000	Celgene Corp		3.625		05/15/24		312,568
	300,000	Celgene Corp		5.250		08/15/43		337,433
	300,000	Celgene Corp		4.625		05/15/44		309,139
	1,000,000	Celgene Corp		5.000		08/15/45		1,102,083
	300,000	Eli Lilly & Co		1.250		03/01/18		302,253
	200,000	Eli Lilly & Co		1.950		03/15/19		204,692
	800,000	Eli Lilly & Co		2.750		06/01/25		847,671
	400,000	Eli Lilly & Co		3.700		03/01/45		426,352
	250,000	Gilead Sciences, Inc		1.850		09/04/18		254,433
	200,000	Gilead Sciences, Inc		2.050		04/01/19		204,818
	125,000	Gilead Sciences, Inc		2.350		02/01/20		128,237
	1,000,000	Gilead Sciences, Inc		2.550		09/01/20		1,039,188
	600,000	Gilead Sciences, Inc		4.500		04/01/21		672,621
	650,000	Gilead Sciences, Inc		4.400		12/01/21		733,998
	500,000	Gilead Sciences, Inc		3.250		09/01/22		532,519
	425,000	Gilead Sciences, Inc		3.700		04/01/24		460,410
	400,000	Gilead Sciences, Inc		3.500		02/01/25		426,628
	750,000	Gilead Sciences, Inc		3.650		03/01/26		816,014
	300,000	Gilead Sciences, Inc		4.600		09/01/35		333,335
	100,000	Gilead Sciences, Inc		5.650		12/01/41		124,773
	775,000	Gilead Sciences, Inc		4.800		04/01/44		875,855
	675,000	Gilead Sciences, Inc		4.500		02/01/45		736,276
	750,000	Gilead Sciences, Inc		4.750		03/01/46		851,601
	800,000	GlaxoSmithKline Capital plc		1.500		05/08/17		804,066
	300,000	GlaxoSmithKline Capital plc		2.850		05/08/22		315,718
	1,045,000	GlaxoSmithKline Capital, Inc		5.650		05/15/18		1,134,011
	225,000	GlaxoSmithKline Capital, Inc		2.800		03/18/23		236,140
	350,000	GlaxoSmithKline Capital, Inc		5.375		04/15/34		444,137
	743,000	GlaxoSmithKline Capital, Inc		6.375		05/15/38		1,063,879

85

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	350,000		GlaxoSmithKline Capital, Inc		4.200	%	03/18/43	$	395,804
	1,100,000		Johnson & Johnson		1.650		12/05/18		1,120,464
	350,000		Johnson & Johnson		1.125		03/01/19		352,035
	300,000		Johnson & Johnson		1.875		12/05/19		308,966
	250,000		Johnson & Johnson		1.650		03/01/21		254,414
	200,000		Johnson & Johnson		2.450		12/05/21		211,525
	300,000		Johnson & Johnson		2.050		03/01/23		307,149
	700,000		Johnson & Johnson		3.375		12/05/23		782,258
	500,000		Johnson & Johnson		2.450		03/01/26		517,072
	850,000		Johnson & Johnson		4.375		12/05/33		1,024,199
	100,000		Johnson & Johnson		3.550		03/01/36		110,305
	375,000		Johnson & Johnson		5.850		07/15/38		545,531
	300,000		Johnson & Johnson		4.500		12/05/43		375,453
	900,000		Johnson & Johnson		3.700		03/01/46		1,014,024
	600,000		Life Technologies Corp		5.000		01/15/21		662,216
	200,000		Merck & Co, Inc		1.100		01/31/18		201,104
	400,000		Merck & Co, Inc		1.300		05/18/18		403,797
	375,000		Merck & Co, Inc		1.850		02/10/20		382,876
	1,500,000		Merck & Co, Inc		3.875		01/15/21		1,647,636
	750,000		Merck & Co, Inc		2.350		02/10/22		772,670
	200,000		Merck & Co, Inc		2.400		09/15/22		205,919
	1,100,000		Merck & Co, Inc		2.800		05/18/23		1,154,960
	500,000		Merck & Co, Inc		2.750		02/10/25		523,057
	100,000		Merck & Co, Inc		3.600		09/15/42		102,932
	750,000		Merck & Co, Inc		4.150		05/18/43		845,215
	1,050,000		Merck & Co, Inc		3.700		02/10/45		1,103,673
	100,000	g	Mylan NV		3.000		12/15/18		102,380
	350,000	g	Mylan NV		2.500		06/07/19		354,647
	100,000	g	Mylan NV		3.750		12/15/20		104,268
	500,000	g	Mylan NV		3.150		06/15/21		507,752
	750,000	g	Mylan NV		3.950		06/15/26		758,684
	750,000	g	Mylan NV		5.250		06/15/46		787,567
	100,000		Mylan, Inc		2.550		03/28/19		101,229
	200,000		Mylan, Inc		4.200		11/29/23		211,313
	200,000		Mylan, Inc		5.400		11/29/43		212,719
	300,000		Novartis Capital Corp		2.400		09/21/22		311,497
	750,000		Novartis Capital Corp		3.400		05/06/24		820,172
	500,000		Novartis Capital Corp		3.000		11/20/25		531,372
	400,000		Novartis Capital Corp		3.700		09/21/42		428,967
	750,000		Novartis Capital Corp		4.400		05/06/44		904,227
	500,000		Novartis Capital Corp		4.000		11/20/45		570,381
	1,350,000		Novartis Securities Investment Ltd		5.125		02/10/19		1,490,079
	125,000		Perrigo Co plc		1.300		11/08/16		124,869
	100,000		Perrigo Co plc		2.300		11/08/18		100,861
	100,000		Perrigo Co plc		4.000		11/15/23		103,071
	100,000		Perrigo Co plc		5.300		11/15/43		104,363
	225,000		Perrigo Finance plc		3.500		12/15/21		231,582
	200,000		Perrigo Finance plc		3.900		12/15/24		202,860
	300,000		Perrigo Finance plc		4.900		12/15/44		296,093
	100,000		Perrigo Finance Unlimited Co		3.500		03/15/21		103,482
	200,000		Perrigo Finance Unlimited Co		4.375		03/15/26		208,403
	500,000		Pfizer, Inc		1.200		06/01/18		502,483

86

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	300,000	Pfizer, Inc		1.500	%	06/15/18	$	302,994
	1,460,000	Pfizer, Inc		6.200		03/15/19		1,648,944
	500,000	Pfizer, Inc		1.450		06/03/19		504,144
	500,000	Pfizer, Inc		1.950		06/03/21		506,507
	800,000	Pfizer, Inc		3.000		06/15/23		853,540
	900,000	Pfizer, Inc		3.400		05/15/24		985,221
	500,000	Pfizer, Inc		2.750		06/03/26		515,888
	500,000	Pfizer, Inc		4.300		06/15/43		561,197
	1,100,000	Pfizer, Inc		4.400		05/15/44		1,249,320
	742,000	Sanofi		1.250		04/10/18		746,830
	750,000	Sanofi		4.000		03/29/21		830,126
	658,000	Teva Pharmaceutical Finance Co BV		2.950		12/18/22		669,358
	600,000	Teva Pharmaceutical Finance Co LLC		2.250		03/18/20		610,159
	17,000	Teva Pharmaceutical Finance Co LLC		6.150		02/01/36		20,374
	500,000	Wyeth LLC		5.450		04/01/17		517,211
	1,000,000	Wyeth LLC		6.450		02/01/24		1,285,039
	945,000	Wyeth LLC		5.950		04/01/37		1,258,977
	125,000	Zoetis, Inc		1.875		02/01/18		125,367
	100,000	Zoetis, Inc		3.450		11/13/20		103,247
	150,000	Zoetis, Inc		3.250		02/01/23		152,874
	100,000	Zoetis, Inc		4.500		11/13/25		110,337
	600,000	Zoetis, Inc		4.700		02/01/43		594,898
		TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						104,926,996
REAL ESTATE - 0.6%
	150,000	Alexandria Real Estate Equities, Inc		4.600		04/01/22		162,289
	100,000	Alexandria Real Estate Equities, Inc		3.900		06/15/23		103,837
	200,000	Alexandria Real Estate Equities, Inc		4.300		01/15/26		212,246
	200,000	Alexandria Real Estate Equities, Inc		4.500		07/30/29		208,018
	100,000	American Campus Communities Operating Partnership LP		3.750		04/15/23		103,245
	300,000	American Campus Communities Operating Partnership LP		4.125		07/01/24		316,892
	200,000	AvalonBay Communities, Inc		3.625		10/01/20		213,497
	100,000	AvalonBay Communities, Inc		3.950		01/15/21		108,554
	225,000	AvalonBay Communities, Inc		2.950		09/15/22		231,592
	100,000	AvalonBay Communities, Inc		2.850		03/15/23		101,623
	200,000	AvalonBay Communities, Inc		3.500		11/15/24		211,161
	200,000	AvalonBay Communities, Inc		3.450		06/01/25		209,694
	150,000	AvalonBay Communities, Inc		3.500		11/15/25		157,959
	200,000	AvalonBay Communities, Inc		2.950		05/11/26		200,899
	750,000	Boston Properties LP		3.700		11/15/18		785,207
	80,000	Boston Properties LP		5.875		10/15/19		89,940
	175,000	Boston Properties LP		4.125		05/15/21		190,801
	500,000	Boston Properties LP		3.850		02/01/23		535,261
	425,000	Boston Properties LP		3.125		09/01/23		437,034
	200,000	Boston Properties LP		3.800		02/01/24		214,791
	100,000	Boston Properties LP		3.650		02/01/26		106,625
	115,000	Brandywine Operating Partnership LP		5.700		05/01/17		118,783
	200,000	Brandywine Operating Partnership LP		3.950		02/15/23		202,165
	200,000	Brandywine Operating Partnership LP		4.100		10/01/24		203,891
	150,000	Brixmor Operating Partnership LP		3.875		08/15/22		154,126
	200,000	Brixmor Operating Partnership LP		3.850		02/01/25		201,215
	100,000	Brixmor Operating Partnership LP		4.125		06/15/26		102,677

87

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	100,000	Camden Property Trust		4.625	%	06/15/21	$	109,863
	200,000	Camden Property Trust		2.950		12/15/22		202,259
	125,000	Camden Property Trust		4.250		01/15/24		135,445
	250,000	CBL & Associates LP		4.600		10/15/24		225,370
	500,000	CBRE Services, Inc		4.875		03/01/26		511,435
	200,000	Corporate Office Properties LP		3.700		06/15/21		202,270
	200,000	Corporate Office Properties LP		5.250		02/15/24		213,633
	100,000	CubeSmart LP		4.800		07/15/22		111,100
	200,000	CubeSmart LP		4.375		12/15/23		217,068
	100,000	DCT Industrial Operating Partnership LP		4.500		10/15/23		105,956
	200,000	DDR Corp		3.500		01/15/21		206,082
	500,000	DDR Corp		4.625		07/15/22		540,742
	150,000	DDR Corp		4.250		02/01/26		157,333
	100,000	Duke Realty LP		3.875		02/15/21		105,796
	200,000	Duke Realty LP		4.375		06/15/22		217,342
	100,000	Duke Realty LP		3.875		10/15/22		106,040
	100,000	Duke Realty LP		3.625		04/15/23		104,373
	100,000	Duke Realty LP		3.750		12/01/24		105,131
	100,000	Duke Realty LP		3.250		06/30/26		101,442
	100,000	EPR Properties		5.750		08/15/22		109,288
	200,000	EPR Properties		5.250		07/15/23		211,615
	200,000	Equity One, Inc		3.750		11/15/22		203,373
	448,000	ERP Operating LP		4.625		12/15/21		505,948
	700,000	ERP Operating LP		3.375		06/01/25		738,682
	300,000	ERP Operating LP		4.500		07/01/44		335,188
	100,000	Essex Portfolio LP		3.625		08/15/22		105,270
	250,000	Essex Portfolio LP		3.375		01/15/23		258,214
	100,000	Essex Portfolio LP		3.250		05/01/23		102,363
	400,000	Essex Portfolio LP		3.500		04/01/25		413,040
	100,000	Essex Portfolio LP		3.375		04/15/26		102,106
	100,000	Federal Realty Investment Trust		2.550		01/15/21		102,041
	100,000	Federal Realty Investment Trust		3.000		08/01/22		103,655
	100,000	Federal Realty Investment Trust		2.750		06/01/23		101,613
	200,000	Federal Realty Investment Trust		3.950		01/15/24		217,728
	100,000	Federal Realty Investment Trust		4.500		12/01/44		109,265
	150,000	HCP, Inc		3.750		02/01/19		155,317
	250,000	HCP, Inc		2.625		02/01/20		252,023
	150,000	HCP, Inc		5.375		02/01/21		166,766
	400,000	HCP, Inc		3.150		08/01/22		396,490
	300,000	HCP, Inc		4.000		12/01/22		311,502
	200,000	HCP, Inc		4.250		11/15/23		207,644
	200,000	HCP, Inc		4.200		03/01/24		206,073
	800,000	HCP, Inc		3.875		08/15/24		804,782
	30,000	HCP, Inc		6.750		02/01/41		36,552
	200,000	Health Care REIT, Inc		4.700		09/15/17		207,292
	150,000	Health Care REIT, Inc		2.250		03/15/18		151,541
	200,000	Health Care REIT, Inc		4.125		04/01/19		211,604
	440,000	Health Care REIT, Inc		6.125		04/15/20		501,268
	200,000	Health Care REIT, Inc		4.500		01/15/24		216,961
	100,000	Healthcare Realty Trust, Inc		3.750		04/15/23		100,374
	100,000	Healthcare Realty Trust, Inc		3.875		05/01/25		100,658
	100,000	Healthcare Trust of America Holdings LP		3.700		04/15/23		102,520

88

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	125,000		Highwoods Realty LP		5.850	%	03/15/17	$	128,539
	100,000		Highwoods Realty LP		3.625		01/15/23		101,463
	400,000		Hospitality Properties Trust		4.250		02/15/21		416,878
	100,000		Hospitality Properties Trust		5.000		08/15/22		107,481
	200,000		Hospitality Properties Trust		4.500		06/15/23		204,374
	200,000		Hospitality Properties Trust		4.650		03/15/24		203,732
	600,000		Host Hotels & Resorts LP		3.750		10/15/23		604,612
	200,000		Host Hotels & Resorts LP		4.000		06/15/25		203,461
	100,000		Host Hotels & Resorts LP		4.500		02/01/26		105,493
	50,000		HRPT Properties Trust		5.875		09/15/20		55,523
	250,000		Jones Lang LaSalle, Inc		4.400		11/15/22		261,051
	250,000		Kilroy Realty LP		3.800		01/15/23		262,166
	200,000		Kilroy Realty LP		4.250		08/15/29		211,701
	145,000		Kimco Realty Corp		5.700		05/01/17		150,211
	200,000		Kimco Realty Corp		3.200		05/01/21		207,774
	100,000		Kimco Realty Corp		3.400		11/01/22		104,834
	300,000		Kimco Realty Corp		3.125		06/01/23		305,655
	200,000		Kimco Realty Corp		4.250		04/01/45		203,548
	100,000		Lexington Realty Trust		4.250		06/15/23		102,101
	200,000		Lexington Realty Trust		4.400		06/15/24		204,658
	220,000		Liberty Property LP		4.750		10/01/20		240,209
	150,000		Liberty Property LP		4.125		06/15/22		158,610
	100,000		Liberty Property LP		3.375		06/15/23		101,331
	200,000		Liberty Property LP		4.400		02/15/24		215,561
	200,000		Mack-Cali Realty LP		2.500		12/15/17		200,620
	125,000		Mack-Cali Realty LP		7.750		08/15/19		141,094
	150,000		Mack-Cali Realty LP		4.500		04/18/22		153,007
	200,000		Mid-America Apartments LP		4.300		10/15/23		215,186
	100,000		Mid-America Apartments LP		4.000		11/15/25		105,348
	75,000		National Retail Properties, Inc		6.875		10/15/17		79,826
	100,000		National Retail Properties, Inc		3.800		10/15/22		105,650
	100,000		National Retail Properties, Inc		3.300		04/15/23		101,497
	300,000		National Retail Properties, Inc		3.900		06/15/24		316,424
	100,000		National Retail Properties, Inc		4.000		11/15/25		106,156
	200,000	h	OMEGA Healthcare Investors, Inc		4.375		08/01/23		199,478
	200,000		OMEGA Healthcare Investors, Inc		4.500		01/15/25		203,000
	300,000		OMEGA Healthcare Investors, Inc		5.250		01/15/26		317,183
	200,000		OMEGA Healthcare Investors, Inc		4.500		04/01/27		199,310
	200,000		Piedmont Operating Partnership LP		3.400		06/01/23		197,867
	200,000		Piedmont Operating Partnership LP		4.450		03/15/24		206,849
	100,000		Post Apartment Homes LP		3.375		12/01/22		101,643
	350,000		ProLogis LP		2.750		02/15/19		359,701
	201,000		ProLogis LP		3.350		02/01/21		212,686
	150,000		ProLogis LP		4.250		08/15/23		166,156
	200,000		ProLogis LP		3.750		11/01/25		213,272
	200,000		Rayonier, Inc		3.750		04/01/22		204,677
	40,000		Realty Income Corp		5.950		09/15/16		40,364
	150,000		Realty Income Corp		2.000		01/31/18		151,248
	75,000		Realty Income Corp		5.750		01/15/21		86,303
	200,000		Realty Income Corp		3.250		10/15/22		205,129
	500,000		Realty Income Corp		4.650		08/01/23		551,358
	200,000		Realty Income Corp		4.125		10/15/26		214,074

89

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	8,000		Regency Centers LP		5.875	%	06/15/17	$	8,315
	250,000		Regency Centers LP		3.750		06/15/24		260,615
	200,000		Retail Opportunity Investments Partnership LP		5.000		12/15/23		210,673
	100,000		Select Income REIT		2.850		02/01/18		100,783
	200,000		Select Income REIT		3.600		02/01/20		203,542
	200,000		Select Income REIT		4.150		02/01/22		200,959
	200,000		Select Income REIT		4.500		02/01/25		196,664
	300,000		Senior Housing Properties Trust		3.250		05/01/19		301,247
	100,000		Senior Housing Properties Trust		6.750		12/15/21		113,268
	100,000		Simon Property Group LP		2.800		01/30/17		100,645
	1,100,000		Simon Property Group LP		2.200		02/01/19		1,124,186
	250,000		Simon Property Group LP		2.500		09/01/20		258,588
	300,000		Simon Property Group LP		2.500		07/15/21		309,115
	762,000		Simon Property Group LP		3.375		03/15/22		815,747
	300,000		Simon Property Group LP		3.500		09/01/25		324,935
	300,000		Simon Property Group LP		3.300		01/15/26		320,633
	700,000		Simon Property Group LP		4.250		10/01/44		755,880
	200,000		Sovran Acquisition LP		3.500		07/01/26		201,915
	300,000		Tanger Properties LP		3.875		12/01/23		313,347
	200,000		UDR, Inc		3.700		10/01/20		212,013
	200,000		UDR, Inc		4.625		01/10/22		221,454
	200,000		UDR, Inc		4.000		10/01/25		216,881
	100,000	g,i	USB Realty Corp		1.775		12/30/49		79,875
	175,000		Ventas Realty LP		2.000		02/15/18		175,894
	300,000		Ventas Realty LP		4.750		06/01/21		333,773
	350,000		Ventas Realty LP		3.250		08/15/22		361,761
	200,000		Ventas Realty LP		3.125		06/15/23		204,062
	350,000		Ventas Realty LP		3.750		05/01/24		365,996
	120,000		Ventas Realty LP		4.125		01/15/26		129,020
	300,000		Ventas Realty LP		4.375		02/01/45		295,678
	200,000		Vornado Realty LP		2.500		06/30/19		203,762
	100,000		Vornado Realty LP		5.000		01/15/22		108,978
	195,000		Washington REIT		4.950		10/01/20		210,492
	100,000		Washington REIT		3.950		10/15/22		101,402
	100,000		Weingarten Realty Investors		3.375		10/15/22		101,978
	100,000		Weingarten Realty Investors		3.500		04/15/23		100,935
	200,000		Weingarten Realty Investors		4.450		01/15/24		212,711
	700,000		Welltower, Inc		4.000		06/01/25		736,049
	600,000		Welltower, Inc		4.250		04/01/26		645,340
	500,000		Weyerhaeuser Co		7.375		10/01/19		574,725
	200,000		Weyerhaeuser Co		4.625		09/15/23		222,957
	400,000		Weyerhaeuser Co		7.375		03/15/32		529,430
	200,000		WP Carey, Inc		4.600		04/01/24		205,285
	200,000		WP Carey, Inc		4.000		02/01/25		194,405
			TOTAL REAL ESTATE						40,493,443
RETAILING - 0.7%
	120,000		Advance Auto Parts, Inc		5.750		05/01/20		133,198
	250,000		Advance Auto Parts, Inc		4.500		12/01/23		268,627
	900,000		Amazon.com, Inc		2.600		12/05/19		938,892
	300,000		Amazon.com, Inc		3.300		12/05/21		323,725
	600,000		Amazon.com, Inc		2.500		11/29/22		618,842

90

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	300,000	Amazon.com, Inc		3.800	%	12/05/24	$	336,401
	300,000	Amazon.com, Inc		4.800		12/05/34		353,051
	600,000	Amazon.com, Inc		4.950		12/05/44		728,243
	100,000	AutoNation, Inc		3.350		01/15/21		102,407
	100,000	AutoNation, Inc		4.500		10/01/25		105,828
	100,000	AutoZone, Inc		1.625		04/21/19		100,520
	100,000	AutoZone, Inc		4.000		11/15/20		107,617
	200,000	AutoZone, Inc		3.700		04/15/22		213,433
	300,000	AutoZone, Inc		2.875		01/15/23		305,436
	150,000	AutoZone, Inc		3.125		07/15/23		155,585
	200,000	AutoZone, Inc		3.250		04/15/25		207,428
	100,000	AutoZone, Inc		3.125		04/21/26		102,539
	200,000	Bed Bath & Beyond, Inc		3.749		08/01/24		203,971
	200,000	Bed Bath & Beyond, Inc		4.915		08/01/34		186,776
	250,000	Bed Bath & Beyond, Inc		5.165		08/01/44		220,402
	500,000	Best Buy Co, Inc		5.000		08/01/18		526,560
	500,000	Costco Wholesale Corp		1.125		12/15/17		502,990
	250,000	Costco Wholesale Corp		1.700		12/15/19		256,014
	200,000	Costco Wholesale Corp		1.750		02/15/20		204,025
	200,000	Costco Wholesale Corp		2.250		02/15/22		206,382
	500,000	Dollar General Corp		1.875		04/15/18		505,331
	300,000	Dollar General Corp		4.150		11/01/25		329,770
	300,000	Enable Midstream Partners LP		2.400		05/15/19		281,697
	300,000	Enable Midstream Partners LP		3.900		05/15/24		267,509
	100,000	Enable Midstream Partners LP		5.000		05/15/44		79,058
	250,000	Gap, Inc		5.950		04/12/21		262,062
	500,000	Home Depot, Inc		2.000		06/15/19		514,198
	400,000	Home Depot, Inc		3.950		09/15/20		440,308
	500,000	Home Depot, Inc		2.000		04/01/21		513,592
	350,000	Home Depot, Inc		4.400		04/01/21		394,652
	400,000	Home Depot, Inc		2.625		06/01/22		418,670
	500,000	Home Depot, Inc		2.700		04/01/23		524,695
	300,000	Home Depot, Inc		3.750		02/15/24		336,412
	100,000	Home Depot, Inc		3.350		09/15/25		109,034
	900,000	Home Depot, Inc		3.000		04/01/26		956,998
	960,000	Home Depot, Inc		5.875		12/16/36		1,311,511
	500,000	Home Depot, Inc		4.200		04/01/43		564,328
	300,000	Home Depot, Inc		4.875		02/15/44		369,792
	500,000	Home Depot, Inc		4.400		03/15/45		579,813
	600,000	Home Depot, Inc		4.250		04/01/46		685,783
	500,000	JD.com, Inc		3.875		04/29/26		475,647
	200,000	Kohl’s Corp		3.250		02/01/23		200,563
	200,000	Kohl’s Corp		4.750		12/15/23		212,760
	200,000	Kohl’s Corp		4.250		07/17/25		200,639
	200,000	Kohl’s Corp		5.550		07/17/45		186,381
	300,000	Lowe’s Cos, Inc		1.150		04/15/19		300,460
	200,000	Lowe’s Cos, Inc		3.800		11/15/21		219,630
	850,000	Lowe’s Cos, Inc		3.120		04/15/22		908,761
	300,000	Lowe’s Cos, Inc		3.875		09/15/23		335,889
	400,000	Lowe’s Cos, Inc		3.125		09/15/24		429,524
	100,000	Lowe’s Cos, Inc		3.375		09/15/25		109,408
	500,000	Lowe’s Cos, Inc		2.500		04/15/26		509,525

91

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	200,000	Lowe’s Cos, Inc		6.875	%	02/15/28	$	277,518
	175,000	Lowe’s Cos, Inc		5.500		10/15/35		218,228
	150,000	Lowe’s Cos, Inc		5.800		04/15/40		197,071
	150,000	Lowe’s Cos, Inc		5.125		11/15/41		184,719
	100,000	Lowe’s Cos, Inc		4.650		04/15/42		116,606
	300,000	Lowe’s Cos, Inc		5.000		09/15/43		367,929
	200,000	Lowe’s Cos, Inc		4.250		09/15/44		222,656
	200,000	Lowe’s Cos, Inc		4.375		09/15/45		229,350
	575,000	Lowe’s Cos, Inc		3.700		04/15/46		591,659
	200,000	Macy’s Retail Holdings, Inc		3.450		01/15/21		206,086
	250,000	Macy’s Retail Holdings, Inc		3.875		01/15/22		257,055
	125,000	Macy’s Retail Holdings, Inc		2.875		02/15/23		118,960
	200,000	Macy’s Retail Holdings, Inc		4.375		09/01/23		207,835
	300,000	Macy’s Retail Holdings, Inc		3.625		06/01/24		295,757
	400,000	Macy’s Retail Holdings, Inc		6.900		04/01/29		439,799
	200,000	Macy’s Retail Holdings, Inc		4.500		12/15/34		177,267
	200,000	Macy’s Retail Holdings, Inc		6.375		03/15/37		202,454
	200,000	Macy’s Retail Holdings, Inc		4.300		02/15/43		156,959
	300,000	Nordstrom, Inc		6.250		01/15/18		321,247
	30,000	Nordstrom, Inc		4.750		05/01/20		32,758
	100,000	Nordstrom, Inc		4.000		10/15/21		106,934
	531,000	Nordstrom, Inc		5.000		01/15/44		520,857
	150,000	O’Reilly Automotive, Inc		4.875		01/14/21		167,315
	100,000	O’Reilly Automotive, Inc		3.800		09/01/22		107,691
	200,000	O’Reilly Automotive, Inc		3.850		06/15/23		215,714
	300,000	Priceline Group, Inc		3.650		03/15/25		317,948
	300,000	Priceline Group, Inc		3.600		06/01/26		308,866
	200,000	QVC, Inc		3.125		04/01/19		205,318
	100,000	QVC, Inc		5.125		07/02/22		107,820
	100,000	QVC, Inc		4.375		03/15/23		100,633
	200,000	QVC, Inc		4.850		04/01/24		207,116
	200,000	QVC, Inc		4.450		02/15/25		201,202
	150,000	QVC, Inc		5.950		03/15/43		138,834
	150,000	Staples, Inc		2.750		01/12/18		150,658
	150,000	Staples, Inc		4.375		01/12/23		152,780
	1,150,000	Target Corp		3.875		07/15/20		1,257,057
	900,000	Target Corp		2.900		01/15/22		955,774
	500,000	Target Corp		3.500		07/01/24		554,280
	400,000	Target Corp		2.500		04/15/26		410,334
	850,000	Target Corp		4.000		07/01/42		919,411
	225,000	Target Corp		3.625		04/15/46		230,883
	105,000	TJX Cos, Inc		6.950		04/15/19		120,970
	300,000	TJX Cos, Inc		2.750		06/15/21		316,859
	300,000	TJX Cos, Inc		2.500		05/15/23		312,307
	200,000	Under Armour, Inc		3.250		06/15/26		202,172
	350,000	Wal-Mart Stores, Inc		1.125		04/11/18		351,773
	300,000	Wal-Mart Stores, Inc		1.950		12/15/18		308,179
	1,400,000	Wal-Mart Stores, Inc		3.250		10/25/20		1,514,674
	1,950,000	Wal-Mart Stores, Inc		4.250		04/15/21		2,210,325
	1,000,000	Wal-Mart Stores, Inc		2.550		04/11/23		1,043,886
	800,000	Wal-Mart Stores, Inc		3.300		04/22/24		876,742
	69,000	Wal-Mart Stores, Inc		7.550		02/15/30		105,325

92

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	1,095,000	Wal-Mart Stores, Inc		5.250	%	09/01/35	$	1,439,190
	160,000	Wal-Mart Stores, Inc		6.500		08/15/37		232,016
	900,000	Wal-Mart Stores, Inc		6.200		04/15/38		1,274,440
	65,000	Wal-Mart Stores, Inc		5.625		04/01/40		87,479
	345,000	Wal-Mart Stores, Inc		5.000		10/25/40		431,779
	850,000	Wal-Mart Stores, Inc		4.000		04/11/43		944,180
	900,000	Wal-Mart Stores, Inc		4.750		10/02/43		1,109,570
	650,000	Wal-Mart Stores, Inc		4.300		04/22/44		760,629
		TOTAL RETAILING						46,745,125
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.2%
	200,000	Altera Corp		1.750		05/15/17		201,642
	200,000	Altera Corp		4.100		11/15/23		227,452
	500,000	Analog Devices, Inc		2.875		06/01/23		524,388
	200,000	Analog Devices, Inc		5.300		12/15/45		241,121
	1,475,000	Intel Corp		1.350		12/15/17		1,483,763
	250,000	Intel Corp		2.450		07/29/20		260,005
	400,000	Intel Corp		1.700		05/19/21		404,431
	500,000	Intel Corp		3.100		07/29/22		535,435
	1,250,000	Intel Corp		2.700		12/15/22		1,307,934
	250,000	Intel Corp		3.700		07/29/25		277,813
	400,000	Intel Corp		2.600		05/19/26		406,273
	500,000	Intel Corp		4.000		12/15/32		541,208
	500,000	Intel Corp		4.800		10/01/41		568,243
	975,000	Intel Corp		4.900		07/29/45		1,138,448
	400,000	Intel Corp		4.100		05/19/46		417,691
	200,000	Maxim Integrated Products, Inc		2.500		11/15/18		203,474
	200,000	Maxim Integrated Products, Inc		3.375		03/15/23		207,002
	200,000	Texas Instruments, Inc		1.000		05/01/18		200,571
	200,000	Texas Instruments, Inc		1.650		08/03/19		202,633
	300,000	Texas Instruments, Inc		1.750		05/01/20		304,588
	200,000	Texas Instruments, Inc		2.750		03/12/21		213,159
	200,000	Texas Instruments, Inc		2.250		05/01/23		203,121
	400,000	Xilinx, Inc		3.000		03/15/21		418,302
		TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						10,488,697
SOFTWARE & SERVICES - 0.9%
	20,000	Adobe Systems, Inc		4.750		02/01/20		22,112
	275,000	Adobe Systems, Inc		3.250		02/01/25		289,728
	200,000	Autodesk, Inc		1.950		12/15/17		200,483
	250,000	Autodesk, Inc		4.375		06/15/25		261,417
	500,000	Automatic Data Processing, Inc		2.250		09/15/20		519,535
	500,000	Automatic Data Processing, Inc		3.375		09/15/25		546,551
	300,000	Baidu, Inc		2.250		11/28/17		302,710
	750,000	Baidu, Inc		2.750		06/09/19		760,244
	300,000	Baidu, Inc		3.000		06/30/20		306,242
	200,000	Baidu, Inc		3.500		11/28/22		204,545
	300,000	Baidu, Inc		4.125		06/30/25		314,446
	250,000	CA, Inc		2.875		08/15/18		254,990
	300,000	CA, Inc		5.375		12/01/19		329,683
	200,000	CDK Global, Inc		3.300		10/15/19		200,430
	200,000	Computer Sciences Corp		4.450		09/15/22		213,240

93

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	300,000		Electronic Arts, Inc		3.700	%	03/01/21	$	314,583
	300,000		Expedia, Inc		7.456		08/15/18		331,761
	300,000		Expedia, Inc		4.500		08/15/24		308,322
	200,000	g	Expedia, Inc		5.000		02/15/26		207,443
	275,000		Fidelity National Information Services, Inc		1.450		06/05/17		274,678
	250,000		Fidelity National Information Services, Inc		2.000		04/15/18		251,244
	500,000		Fidelity National Information Services, Inc		2.850		10/15/18		513,143
	500,000		Fidelity National Information Services, Inc		4.500		10/15/22		553,836
	600,000		Fidelity National Information Services, Inc		3.875		06/05/24		634,633
	500,000		Fidelity National Information Services, Inc		5.000		10/15/25		567,880
	550,000		Fiserv, Inc		3.500		10/01/22		582,872
	500,000		Fiserv, Inc		3.850		06/01/25		534,734
	1,000,000		International Business Machines Corp		5.700		09/14/17		1,056,399
	400,000		International Business Machines Corp		1.250		02/08/18		402,478
	500,000		International Business Machines Corp		1.950		02/12/19		512,294
	200,000		International Business Machines Corp		1.875		05/15/19		203,812
	250,000		International Business Machines Corp		1.800		05/17/19		254,387
	800,000		International Business Machines Corp		8.375		11/01/19		982,758
	300,000		International Business Machines Corp		1.625		05/15/20		303,785
	250,000		International Business Machines Corp		2.250		02/19/21		257,816
	500,000		International Business Machines Corp		2.900		11/01/21		532,492
	300,000		International Business Machines Corp		1.875		08/01/22		298,648
	500,000		International Business Machines Corp		2.875		11/09/22		530,116
	700,000		International Business Machines Corp		3.375		08/01/23		759,471
	500,000		International Business Machines Corp		3.625		02/12/24		547,015
	400,000		International Business Machines Corp		7.000		10/30/25		544,080
	500,000		International Business Machines Corp		3.450		02/19/26		544,085
	19,000		International Business Machines Corp		5.600		11/30/39		24,102
	835,000		International Business Machines Corp		4.000		06/20/42		888,432
	500,000		International Business Machines Corp		4.700		02/19/46		575,422
	200,000		Juniper Networks, Inc		3.125		02/26/19		205,701
	175,000		Juniper Networks, Inc		4.600		03/15/21		187,861
	200,000		Juniper Networks, Inc		4.500		03/15/24		211,927
	250,000		Juniper Networks, Inc		4.350		06/15/25		258,568
	475,000		Microsoft Corp		0.875		11/15/17		475,621
	500,000		Microsoft Corp		1.300		11/03/18		505,260
	400,000		Microsoft Corp		1.625		12/06/18		406,970
	925,000		Microsoft Corp		4.200		06/01/19		1,010,719
	300,000		Microsoft Corp		1.850		02/12/20		306,636
	540,000		Microsoft Corp		3.000		10/01/20		576,961
	500,000		Microsoft Corp		2.000		11/03/20		512,810
	450,000		Microsoft Corp		4.000		02/08/21		503,232
	1,300,000		Microsoft Corp		2.375		02/12/22		1,343,918
	500,000		Microsoft Corp		2.650		11/03/22		522,641
	400,000		Microsoft Corp		2.125		11/15/22		406,484
	400,000		Microsoft Corp		3.625		12/15/23		443,484
	500,000		Microsoft Corp		2.700		02/12/25		517,152
	750,000		Microsoft Corp		3.125		11/03/25		803,002
	925,000		Microsoft Corp		4.200		11/03/35		1,039,059
	500,000		Microsoft Corp		3.500		11/15/42		493,161
	300,000		Microsoft Corp		3.750		05/01/43		303,742
	750,000		Microsoft Corp		3.750		02/12/45		762,700

94

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	575,000		Microsoft Corp		4.450	%	11/03/45	$	646,713
	1,750,000		Microsoft Corp		4.000		02/12/55		1,752,053
	500,000		Microsoft Corp		4.750		11/03/55		566,176
	320,000		Oracle Corp		5.750		04/15/18		346,416
	750,000		Oracle Corp		2.375		01/15/19		772,180
	750,000		Oracle Corp		2.250		10/08/19		774,070
	1,365,000		Oracle Corp		3.875		07/15/20		1,494,609
	500,000		Oracle Corp		2.800		07/08/21		524,870
	1,000,000	h	Oracle Corp		1.900		09/15/21		1,003,890
	1,300,000		Oracle Corp		2.500		05/15/22		1,328,391
	1,725,000		Oracle Corp		2.500		10/15/22		1,765,855
	1,000,000	h	Oracle Corp		2.400		09/15/23		1,004,748
	750,000		Oracle Corp		3.400		07/08/24		804,005
	1,250,000		Oracle Corp		2.950		05/15/25		1,299,740
	1,500,000	h	Oracle Corp		2.650		07/15/26		1,501,715
	400,000		Oracle Corp		3.250		05/15/30		413,822
	1,250,000		Oracle Corp		4.300		07/08/34		1,331,844
	500,000		Oracle Corp		3.900		05/15/35		510,490
	1,000,000	h	Oracle Corp		3.850		07/15/36		1,003,181
	470,000		Oracle Corp		6.125		07/08/39		620,425
	500,000		Oracle Corp		4.500		07/08/44		563,005
	500,000		Oracle Corp		4.125		05/15/45		515,767
	1,000,000	h	Oracle Corp		4.000		07/15/46		1,007,574
	500,000		Oracle Corp		4.375		05/15/55		525,623
	250,000		Symantec Corp		2.750		06/15/17		251,243
	200,000		Symantec Corp		3.950		06/15/22		202,796
	250,000		Total System Services, Inc		2.375		06/01/18		251,925
	250,000		Total System Services, Inc		3.800		04/01/21		264,755
	125,000		Total System Services, Inc		3.750		06/01/23		126,971
	300,000		Total System Services, Inc		4.800		04/01/26		325,474
	20,000		Western Union Co		5.930		10/01/16		20,196
	500,000		Western Union Co		2.875		12/10/17		508,408
	100,000		Western Union Co		3.650		08/22/18		103,918
	400,000		Western Union Co		5.253		04/01/20		441,495
	100,000		Xerox Corp		2.950		03/15/17		100,867
	250,000		Xerox Corp		6.350		05/15/18		267,314
	100,000		Xerox Corp		2.750		03/15/19		99,428
	700,000		Xerox Corp		5.625		12/15/19		750,378
	200,000		Xerox Corp		2.800		05/15/20		192,593
	500,000		Xerox Corp		2.750		09/01/20		481,993
	200,000		Xerox Corp		6.750		12/15/39		191,961
			TOTAL SOFTWARE & SERVICES						57,475,563
TECHNOLOGY HARDWARE & EQUIPMENT - 0.9%
	100,000		Alphabet, Inc		3.625		05/19/21		110,286
	500,000		Alphabet, Inc		3.375		02/25/24		549,246
	200,000		Amphenol Corp		2.550		01/30/19		203,459
	125,000		Amphenol Corp		3.125		09/15/21		129,229
	150,000		Amphenol Corp		4.000		02/01/22		159,459
	1,250,000		Apple, Inc		1.050		05/05/17		1,252,956
	500,000		Apple, Inc		1.300		02/23/18		503,397
	325,000		Apple, Inc		1.700		02/22/19		330,810

95

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000		Apple, Inc		2.100	%	05/06/19	$	1,028,679
	1,500,000		Apple, Inc		2.250		02/23/21		1,543,477
	1,750,000		Apple, Inc		2.850		05/06/21		1,848,462
	750,000		Apple, Inc		2.150		02/09/22		764,474
	750,000		Apple, Inc		2.700		05/13/22		783,513
	400,000		Apple, Inc		2.850		02/23/23		420,356
	2,250,000		Apple, Inc		3.450		05/06/24		2,446,497
	750,000		Apple, Inc		2.500		02/09/25		762,159
	750,000		Apple, Inc		3.200		05/13/25		795,201
	1,350,000		Apple, Inc		3.250		02/23/26		1,434,452
	375,000		Apple, Inc		4.500		02/23/36		422,300
	750,000		Apple, Inc		4.450		05/06/44		819,912
	1,350,000		Apple, Inc		3.450		02/09/45		1,270,254
	800,000		Apple, Inc		4.375		05/13/45		872,216
	1,250,000		Apple, Inc		4.650		02/23/46		1,408,260
	100,000		CC Holdings GS V LLC		2.381		12/15/17		101,299
	975,000		CC Holdings GS V LLC		3.849		04/15/23		1,040,145
	300,000		Cisco Systems, Inc		1.400		02/28/18		302,717
	400,000		Cisco Systems, Inc		1.650		06/15/18		405,201
	300,000		Cisco Systems, Inc		1.600		02/28/19		304,515
	1,900,000		Cisco Systems, Inc		4.450		01/15/20		2,098,827
	400,000		Cisco Systems, Inc		2.450		06/15/20		416,540
	400,000		Cisco Systems, Inc		2.200		02/28/21		412,118
	1,250,000		Cisco Systems, Inc		2.900		03/04/21		1,327,714
	400,000		Cisco Systems, Inc		3.000		06/15/22		429,992
	500,000		Cisco Systems, Inc		2.600		02/28/23		526,965
	1,100,000		Cisco Systems, Inc		3.625		03/04/24		1,233,537
	400,000		Cisco Systems, Inc		3.500		06/15/25		448,617
	500,000		Cisco Systems, Inc		2.950		02/28/26		530,241
	600,000		Cisco Systems, Inc		5.900		02/15/39		814,964
	1,000,000	g	Diamond Finance Corp		5.450		06/15/23		1,036,926
	1,000,000	g	Diamond Finance Corp		6.020		06/15/26		1,037,503
	1,000,000	g	Diamond Finance Corp		8.350		07/15/46		1,077,500
	900,000		EMC Corp		1.875		06/01/18		882,064
	400,000		EMC Corp		2.650		06/01/20		381,851
	400,000		EMC Corp		3.375		06/01/23		364,334
	300,000		Flextronics International Ltd		4.750		06/15/25		303,000
	750,000		General Electric Co		5.250		12/06/17		795,128
	1,725,000		General Electric Co		2.700		10/09/22		1,810,636
	2,875,000		General Electric Co		4.125		10/09/42		3,164,518
	250,000		General Electric Co		4.500		03/11/44		290,267
	300,000		Harris Corp		1.999		04/27/18		301,527
	205,000		Harris Corp		2.700		04/27/20		207,912
	300,000		Harris Corp		4.400		12/15/20		323,985
	300,000		Harris Corp		4.854		04/27/35		329,508
	300,000		Harris Corp		5.054		04/27/45		340,501
	750,000	g	Hewlett Packard Enterprise Co		4.400		10/15/22		802,947
	750,000	g	Hewlett Packard Enterprise Co		6.200		10/15/35		758,872
	750,000	g	Hewlett Packard Enterprise Co		6.350		10/15/45		744,998
	113,000		Hewlett-Packard Co		3.750		12/01/20		119,374
	200,000		Hewlett-Packard Co		4.375		09/15/21		215,454
	100,000		Hewlett-Packard Co		4.650		12/09/21		108,149

96

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	200,000		Hewlett-Packard Co		4.050	%	09/15/22	$	212,052
	850,000		Hewlett-Packard Co		6.000		09/15/41		818,008
	750,000	g	Hewlett-Packard Enterprise Co		2.850		10/05/18		767,967
	1,475,000	g	Hewlett-Packard Enterprise Co		3.600		10/15/20		1,539,720
	1,000,000	g	Hewlett-Packard Enterprise Co		4.900		10/15/25		1,045,307
	200,000		Ingram Micro, Inc		5.000		08/10/22		202,810
	547,000		Koninklijke Philips Electronics NV		5.750		03/11/18		584,939
	100,000		Koninklijke Philips Electronics NV		6.875		03/11/38		130,137
	300,000		Koninklijke Philips Electronics NV		5.000		03/15/42		332,323
	40,000		L-3 Communications Corp		3.950		11/15/16		40,418
	100,000		L-3 Communications Corp		1.500		05/28/17		100,027
	420,000		L-3 Communications Corp		5.200		10/15/19		457,885
	300,000		L-3 Communications Corp		4.950		02/15/21		328,108
	52,000		L-3 Communications Corp		3.950		05/28/24		54,734
	100,000		Lexmark International, Inc		6.650		06/01/18		106,423
	100,000		Lexmark International, Inc		5.125		03/15/20		104,239
	100,000		Motorola Solutions, Inc		3.500		09/01/21		102,410
	200,000		Motorola Solutions, Inc		3.750		05/15/22		199,936
	250,000		Motorola Solutions, Inc		3.500		03/01/23		241,376
	200,000		Motorola Solutions, Inc		4.000		09/01/24		195,700
	200,000		Motorola Solutions, Inc		5.500		09/01/44		180,191
	200,000		NetApp, Inc		2.000		12/15/17		200,910
	200,000		NetApp, Inc		3.375		06/15/21		203,259
	200,000		NetApp, Inc		3.250		12/15/22		200,768
	500,000		Pitney Bowes, Inc		4.625		03/15/24		527,810
	500,000		QUALCOMM, Inc		1.400		05/18/18		504,384
	500,000		QUALCOMM, Inc		2.250		05/20/20		516,380
	500,000		QUALCOMM, Inc		3.000		05/20/22		527,721
	500,000		QUALCOMM, Inc		3.450		05/20/25		531,649
	500,000		QUALCOMM, Inc		4.650		05/20/35		540,270
	500,000		QUALCOMM, Inc		4.800		05/20/45		520,928
	750,000		Seagate HDD Cayman		4.750		01/01/25		593,438
	200,000	h	Seagate HDD Cayman		4.875		06/01/27		144,500
	200,000		Seagate HDD Cayman		5.750		12/01/34		140,500
	100,000		Tech Data Corp		3.750		09/21/17		102,469
	200,000		Telefonaktiebolaget LM Ericsson		4.125		05/15/22		216,408
	225,000		Tyco Electronics Group S.A.		6.550		10/01/17		239,191
	200,000		Tyco Electronics Group S.A.		2.375		12/17/18		202,960
	200,000		Tyco Electronics Group S.A.		2.350		08/01/19		203,037
	250,000		Tyco Electronics Group S.A.		3.500		02/03/22		264,214
	200,000		Tyco Electronics Group S.A.		3.450		08/01/24		210,009
	100,000		Tyco Electronics Group S.A.		3.700		02/15/26		105,466
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						60,090,381
TELECOMMUNICATION SERVICES - 1.4%
	500,000		Alibaba Group Holding Ltd		1.625		11/28/17		501,052
	500,000		Alibaba Group Holding Ltd		2.500		11/28/19		505,845
	500,000		Alibaba Group Holding Ltd		3.125		11/28/21		511,328
	500,000		Alibaba Group Holding Ltd		3.600		11/28/24		510,585
	500,000		Alibaba Group Holding Ltd		4.500		11/28/34		519,794
	1,430,000		America Movil SAB de C.V.		5.000		03/30/20		1,584,604
	950,000		America Movil SAB de C.V.		3.125		07/16/22		974,846

97

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	440,000	America Movil SAB de C.V.		6.125	%	03/30/40	$	539,799
	825,000	America Movil SAB de C.V.		4.375		07/16/42		834,300
	1,150,000	American Tower Corp		4.500		01/15/18		1,199,772
	150,000	American Tower Corp		3.300		02/15/21		156,496
	200,000	American Tower Corp		3.450		09/15/21		208,196
	200,000	American Tower Corp		4.700		03/15/22		220,732
	250,000	American Tower Corp		3.500		01/31/23		258,724
	800,000	American Tower Corp		5.000		02/15/24		904,258
	300,000	American Tower Corp		4.000		06/01/25		319,189
	200,000	American Tower Corp		4.400		02/15/26		217,246
	200,000	American Tower Corp		3.375		10/15/26		201,148
	750,000	AT&T, Inc		1.700		06/01/17		753,082
	325,000	AT&T, Inc		1.400		12/01/17		325,525
	500,000	AT&T, Inc		1.750		01/15/18		502,728
	300,000	AT&T, Inc		2.375		11/27/18		306,161
	950,000	AT&T, Inc		5.800		02/15/19		1,052,937
	1,000,000	AT&T, Inc		2.300		03/11/19		1,021,464
	285,000	AT&T, Inc		5.200		03/15/20		318,865
	900,000	AT&T, Inc		2.450		06/30/20		918,945
	500,000	AT&T, Inc		4.600		02/15/21		547,196
	1,250,000	AT&T, Inc		2.800		02/17/21		1,282,681
	1,050,000	AT&T, Inc		5.000		03/01/21		1,175,856
	500,000	AT&T, Inc		4.450		05/15/21		549,149
	4,300,000	AT&T, Inc		3.000		02/15/22		4,385,729
	250,000	AT&T, Inc		3.800		03/15/22		266,321
	1,500,000	AT&T, Inc		3.000		06/30/22		1,536,307
	1,250,000	AT&T, Inc		3.600		02/17/23		1,308,456
	1,000,000	AT&T, Inc		4.450		04/01/24		1,095,193
	800,000	AT&T, Inc		3.950		01/15/25		846,652
	1,500,000	AT&T, Inc		3.400		05/15/25		1,535,086
	1,250,000	AT&T, Inc		4.125		02/17/26		1,342,803
	1,175,000	AT&T, Inc		4.500		05/15/35		1,200,687
	145,000	AT&T, Inc		6.000		08/15/40		169,439
	922,000	AT&T, Inc		5.350		09/01/40		1,009,170
	100,000	AT&T, Inc		6.375		03/01/41		121,767
	1,200,000	AT&T, Inc		5.550		08/15/41		1,345,877
	550,000	AT&T, Inc		5.150		03/15/42		592,056
	2,066,000	AT&T, Inc		4.300		12/15/42		1,980,094
	1,250,000	AT&T, Inc		4.800		06/15/44		1,287,879
	1,854,000	AT&T, Inc		4.350		06/15/45		1,797,703
	1,025,000	AT&T, Inc		4.750		05/15/46		1,050,570
	750,000	AT&T, Inc		5.650		02/15/47		857,990
	400,000	British Telecommunications plc		5.950		01/15/18		428,112
	1,000,000	British Telecommunications plc		2.350		02/14/19		1,021,486
	650,000	British Telecommunications plc		9.375		12/15/30		998,462
	350,000	Crown Castle International Corp		3.400		02/15/21		365,414
	750,000	Crown Castle International Corp		4.450		02/15/26		814,625
	125,000	Crown Castle International Corp		3.700		06/15/26		128,648
	850,000	Deutsche Telekom International Finance BV		6.000		07/08/19		953,516
	740,000	Deutsche Telekom International Finance BV		8.750		06/15/30		1,115,011
	600,000	Embarq Corp		7.995		06/01/36		600,750
	1,200,000	France Telecom S.A.		4.125		09/14/21		1,324,458

98

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	745,000	France Telecom S.A.		9.000	%	03/01/31	$	1,154,494
	100,000	France Telecom S.A.		5.375		01/13/42		124,699
	250,000	Koninklijke KPN NV		8.375		10/01/30		345,991
	150,000	Nippon Telegraph & Telephone Corp		1.400		07/18/17		150,356
	400,000	Orange S.A.		5.500		02/06/44		503,852
	300,000	Qwest Corp		6.500		06/01/17		310,875
	400,000	Qwest Corp		6.750		12/01/21		432,000
	600,000	Rogers Communications, Inc		6.800		08/15/18		664,462
	200,000	Rogers Communications, Inc		4.100		10/01/23		222,291
	300,000	Rogers Communications, Inc		3.625		12/15/25		320,669
	125,000	Rogers Communications, Inc		4.500		03/15/43		131,427
	300,000	Rogers Communications, Inc		5.450		10/01/43		357,566
	600,000	Rogers Communications, Inc		5.000		03/15/44		678,814
	900,000	Telefonica Emisiones SAU		3.192		04/27/18		924,102
	2,020,000	Telefonica Emisiones SAU		5.134		04/27/20		2,229,922
	500,000	Telefonica Emisiones SAU		4.570		04/27/23		553,730
	300,000	Telefonica Emisiones SAU		7.045		06/20/36		385,392
	392,000	Telefonica Europe BV		8.250		09/15/30		559,285
	100,000	Telefonos de Mexico SAB de C.V.		5.500		11/15/19		111,777
	500,000	Verizon Communications, Inc		1.350		06/09/17		501,321
	200,000	Verizon Communications, Inc		2.550		06/17/19		207,208
	6,234,000	Verizon Communications, Inc		2.625		02/21/20		6,448,088
	2,500,000	Verizon Communications, Inc		4.500		09/15/20		2,775,790
	500,000	Verizon Communications, Inc		3.450		03/15/21		535,771
	950,000	Verizon Communications, Inc		3.500		11/01/21		1,023,794
	1,350,000	Verizon Communications, Inc		4.150		03/15/24		1,489,007
	2,500,000	Verizon Communications, Inc		3.500		11/01/24		2,663,758
	475,000	Verizon Communications, Inc		5.050		03/15/34		527,468
	1,500,000	Verizon Communications, Inc		4.400		11/01/34		1,547,538
	2,600,000	Verizon Communications, Inc		4.272		01/15/36		2,657,842
	300,000	Verizon Communications, Inc		6.000		04/01/41		373,508
	1,150,000	Verizon Communications, Inc		4.750		11/01/41		1,227,047
	1,425,000	Verizon Communications, Inc		3.850		11/01/42		1,343,239
	1,818,000	Verizon Communications, Inc		4.522		09/15/48		1,877,876
	2,676,000	Verizon Communications, Inc		5.012		08/21/54		2,841,735
	3,154,000	Verizon Communications, Inc		4.672		03/15/55		3,186,076
	400,000	Vodafone Group plc		1.500		02/19/18		399,789
	1,500,000	Vodafone Group plc		5.450		06/10/19		1,656,797
	650,000	Vodafone Group plc		4.375		03/16/21		712,465
	500,000	Vodafone Group plc		2.500		09/26/22		493,215
	800,000	Vodafone Group plc		2.950		02/19/23		806,904
	150,000	Vodafone Group plc		6.150		02/27/37		174,894
	700,000	Vodafone Group plc		4.375		02/19/43		660,416
		TOTAL TELECOMMUNICATION SERVICES						96,696,014
TRANSPORTATION - 0.7%
	100,000	ABB Finance USA, Inc		1.625		05/08/17		100,424
	500,000	ABB Finance USA, Inc		2.875		05/08/22		520,970
	150,000	ABB Finance USA, Inc		4.375		05/08/42		170,741
	175,000	American Airlines 2016-2 Class AA Pass Through Trust		3.200		06/15/28		180,936
	336,063	American Airlines Pass Through Trust		4.950		01/15/23		365,468
	437,724	American Airlines Pass Through Trust		4.000		07/15/25		461,799

99

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	274,018	American Airlines Pass Through Trust		3.700	%	10/01/26	$	284,978
	286,352	American Airlines Pass Through Trust		3.375		05/01/27		288,128
	200,000	American Airlines Pass Through Trust		3.600		09/22/27		210,250
	200,000	American Airlines Pass Through Trust		3.575		01/15/28		211,444
	700,000	Boeing Capital Corp		2.900		08/15/18		727,204
	625,000	Boeing Co		0.950		05/15/18		625,463
	200,000	Boeing Co		2.200		10/30/22		205,357
	500,000	Boeing Co		2.850		10/30/24		528,266
	400,000	Boeing Co		2.600		10/30/25		416,732
	200,000	Boeing Co		2.250		06/15/26		201,029
	100,000	Boeing Co		3.300		03/01/35		101,746
	350,000	Boeing Co		5.875		02/15/40		487,366
	100,000	Boeing Co		3.500		03/01/45		102,134
	300,000	Boeing Co		3.375		06/15/46		301,351
	555,000	Burlington Northern Santa Fe LLC		4.700		10/01/19		613,680
	500,000	Burlington Northern Santa Fe LLC		4.100		06/01/21		552,826
	300,000	Burlington Northern Santa Fe LLC		3.050		03/15/22		319,871
	150,000	Burlington Northern Santa Fe LLC		3.050		09/01/22		159,724
	500,000	Burlington Northern Santa Fe LLC		3.850		09/01/23		556,564
	500,000	Burlington Northern Santa Fe LLC		3.750		04/01/24		552,694
	150,000	Burlington Northern Santa Fe LLC		3.400		09/01/24		163,677
	300,000	Burlington Northern Santa Fe LLC		3.000		04/01/25		317,706
	200,000	Burlington Northern Santa Fe LLC		3.650		09/01/25		222,305
	360,000	Burlington Northern Santa Fe LLC		5.750		05/01/40		462,057
	250,000	Burlington Northern Santa Fe LLC		5.050		03/01/41		300,961
	200,000	Burlington Northern Santa Fe LLC		4.400		03/15/42		222,241
	200,000	Burlington Northern Santa Fe LLC		4.450		03/15/43		223,847
	500,000	Burlington Northern Santa Fe LLC		5.150		09/01/43		610,645
	500,000	Burlington Northern Santa Fe LLC		4.900		04/01/44		596,953
	300,000	Burlington Northern Santa Fe LLC		4.550		09/01/44		345,294
	500,000	Burlington Northern Santa Fe LLC		4.150		04/01/45		544,912
	200,000	Burlington Northern Santa Fe LLC		4.700		09/01/45		235,358
	250,000	Burlington Northern Santa Fe LLC		3.900		08/01/46		263,876
	200,000	Canadian National Railway Co		5.550		05/15/18		215,586
	200,000	Canadian National Railway Co		5.550		03/01/19		222,150
	100,000	Canadian National Railway Co		2.850		12/15/21		105,487
	300,000	Canadian National Railway Co		2.250		11/15/22		304,804
	200,000	Canadian National Railway Co		2.950		11/21/24		212,255
	200,000	Canadian National Railway Co		6.900		07/15/28		285,076
	200,000	Canadian National Railway Co		6.250		08/01/34		270,514
	250,000	Canadian National Railway Co		3.500		11/15/42		248,181
	100,000	Canadian National Railway Co		4.500		11/07/43		115,730
	200,000	Canadian Pacific Railway Co		7.250		05/15/19		230,198
	300,000	Canadian Pacific Railway Co		2.900		02/01/25		304,784
	500,000	Canadian Pacific Railway Co		3.700		02/01/26		536,574
	200,000	Canadian Pacific Railway Co		7.125		10/15/31		280,381
	250,000	Canadian Pacific Railway Co		5.950		05/15/37		312,283
	100,000	Canadian Pacific Railway Co		5.750		01/15/42		122,291
	100,000	Canadian Pacific Railway Co		4.800		08/01/45		115,372
	200,000	Canadian Pacific Railway Co		6.125		09/15/15		249,558
	200,000	Carnival Corp		1.875		12/15/17		201,854
	200,000	Carnival Corp		3.950		10/15/20		215,767

100

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	352,787		Continental Airlines, Inc		4.750	%	01/12/21	$	375,629
	26,260		Continental Airlines, Inc		5.983		04/19/22		29,412
	426,172		Continental Airlines, Inc		4.150		04/11/24		450,677
	174,417		Continental Airlines, Inc		4.000		10/29/24		183,138
	850,000		CSX Corp		7.375		02/01/19		975,684
	125,000		CSX Corp		3.700		11/01/23		135,202
	300,000		CSX Corp		3.400		08/01/24		322,564
	200,000		CSX Corp		3.350		11/01/25		212,655
	100,000		CSX Corp		6.000		10/01/36		127,654
	200,000		CSX Corp		6.150		05/01/37		261,945
	400,000		CSX Corp		5.500		04/15/41		512,661
	350,000		CSX Corp		4.400		03/01/43		387,998
	100,000		CSX Corp		4.100		03/15/44		106,905
	200,000		CSX Corp		3.950		05/01/50		200,351
	300,000		CSX Corp		4.500		08/01/54		321,563
	122,524		Delta Air Lines		3.625		07/30/27		129,263
	278,907		Delta Air Lines, Inc		5.300		04/15/19		297,036
	146,443		Delta Air Lines, Inc		4.750		05/07/20		155,230
	134,000		FedEx Corp		8.000		01/15/19		155,720
	100,000		FedEx Corp		2.300		02/01/20		102,389
	300,000		FedEx Corp		4.000		01/15/24		327,940
	100,000		FedEx Corp		3.200		02/01/25		104,165
	300,000		FedEx Corp		3.250		04/01/26		312,568
	1,000,000		FedEx Corp		4.900		01/15/34		1,135,634
	200,000		FedEx Corp		3.900		02/01/35		203,424
	200,000		FedEx Corp		3.875		08/01/42		196,444
	750,000		FedEx Corp		4.750		11/15/45		836,396
	300,000		FedEx Corp		4.550		04/01/46		325,760
	200,000		FedEx Corp		4.500		02/01/65		208,680
	57,000		GATX Corp		3.500		07/15/16		57,033
	100,000		GATX Corp		2.375		07/30/18		101,090
	200,000		GATX Corp		2.500		03/15/19		202,274
	100,000		GATX Corp		2.600		03/30/20		99,397
	225,000		GATX Corp		5.200		03/15/44		233,254
	225,403		Hawaiian Airlines Pass Through Certificates		3.900		01/15/26		223,712
	100,000		JB Hunt Transport Services, Inc		2.400		03/15/19		101,045
	200,000		JB Hunt Transport Services, Inc		3.300		08/15/22		208,724
	100,000	g	Kansas City Southern		3.000		05/15/23		101,709
	100,000		Kansas City Southern		3.125		06/01/26		102,097
	100,000	g	Kansas City Southern		4.300		05/15/43		101,540
	175,000	g	Kansas City Southern		4.950		08/15/45		196,648
	210,000		Norfolk Southern Corp		5.750		04/01/18		226,155
	100,000		Norfolk Southern Corp		3.250		12/01/21		105,743
	250,000		Norfolk Southern Corp		3.000		04/01/22		260,998
	1,291,000		Norfolk Southern Corp		2.903		02/15/23		1,334,224
	200,000		Norfolk Southern Corp		3.850		01/15/24		219,211
	81,000		Norfolk Southern Corp		5.590		05/17/25		98,223
	200,000		Norfolk Southern Corp		2.900		06/15/26		205,166
	16,000		Norfolk Southern Corp		4.837		10/01/41		18,270
	750,000		Norfolk Southern Corp		3.950		10/01/42		774,350
	200,000		Norfolk Southern Corp		4.800		08/15/43		233,494
	300,000		Norfolk Southern Corp		4.450		06/15/45		330,833

101

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	200,000	Norfolk Southern Corp		4.650	%	01/15/46	$	231,301
	250,000	Northrop Grumman Corp		1.750		06/01/18		252,393
	650,000	Northrop Grumman Corp		3.500		03/15/21		697,993
	400,000	Northrop Grumman Corp		3.250		08/01/23		429,407
	100,000	Northrop Grumman Corp		5.050		11/15/40		120,053
	400,000	Northrop Grumman Corp		4.750		06/01/43		477,508
	300,000	Northrop Grumman Corp		3.850		04/15/45		314,825
	150,000	Ryder System, Inc		2.500		03/01/17		151,006
	150,000	Ryder System, Inc		2.500		03/01/18		152,252
	200,000	Ryder System, Inc		2.450		11/15/18		203,245
	100,000	Ryder System, Inc		2.550		06/01/19		101,913
	200,000	Ryder System, Inc		2.450		09/03/19		203,379
	300,000	Ryder System, Inc		2.500		05/11/20		303,635
	200,000	Ryder System, Inc		3.450		11/15/21		209,159
	100,000	Southwest Airlines Co		2.750		11/06/19		103,378
	400,000	Southwest Airlines Co		2.650		11/05/20		412,904
	100,000	Spirit Airlines, Inc		4.100		04/01/28		101,500
	100,000	Union Pacific Corp		2.250		02/15/19		102,744
	200,000	Union Pacific Corp		2.250		06/19/20		205,893
	331,000	Union Pacific Corp		4.163		07/15/22		372,550
	500,000	Union Pacific Corp		2.950		01/15/23		529,557
	277,000	Union Pacific Corp		3.646		02/15/24		306,400
	200,000	Union Pacific Corp		3.750		03/15/24		222,553
	200,000	Union Pacific Corp		3.250		01/15/25		216,705
	200,000	Union Pacific Corp		3.250		08/15/25		218,226
	200,000	Union Pacific Corp		2.750		03/01/26		208,793
	100,000	Union Pacific Corp		3.375		02/01/35		100,804
	100,000	Union Pacific Corp		4.750		09/15/41		117,575
	100,000	Union Pacific Corp		4.300		06/15/42		110,665
	150,000	Union Pacific Corp		4.250		04/15/43		165,384
	250,000	Union Pacific Corp		4.750		12/15/43		295,015
	200,000	Union Pacific Corp		4.821		02/01/44		241,794
	200,000	Union Pacific Corp		4.850		06/15/44		239,046
	200,000	Union Pacific Corp		4.050		11/15/45		216,757
	200,000	Union Pacific Corp		3.875		02/01/55		204,002
	300,000	Union Pacific Corp		4.375		11/15/65		321,054
	193,133	Union Pacific Railroad Co		2.695		05/12/27		195,129
	200,000	United Airlines 2016- Class AA Pass Through Trust		3.100		07/07/28		203,500
	200,000	United Airlines 2016-, Cl A Pass Through Trust		3.450		07/07/28		205,000
	278,122	United Airlines Pass Through Trust		4.300		08/15/25		300,024
	291,271	United Airlines Pass Through Trust		3.750		09/03/26		308,019
	200,000	United Airlines Pass Through Trust		3.450		12/01/27		208,500
	100,000	United Parcel Service, Inc		1.125		10/01/17		100,412
	100,000	United Parcel Service, Inc		5.500		01/15/18		107,026
	300,000	United Parcel Service, Inc		5.125		04/01/19		331,902
	1,105,000	United Parcel Service, Inc		3.125		01/15/21		1,184,671
	1,400,000	United Parcel Service, Inc		2.450		10/01/22		1,455,695
	35,000	United Parcel Service, Inc		6.200		01/15/38		50,230
	450,000	United Parcel Service, Inc		3.625		10/01/42		476,798
	159,253	US Airways Pass Through Trust		4.625		06/03/25		169,622
	261,463	US Airways Pass Through Trust		3.950		11/15/25		275,843
		TOTAL TRANSPORTATION						47,369,438

102

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
UTILITIES - 2.5%
$	370,000	AGL Capital Corp		5.250	%	08/15/19	$	404,821
	275,000	AGL Capital Corp		3.875		11/15/25		295,531
	400,000	AGL Capital Corp		3.250		06/15/26		409,049
	275,000	AGL Capital Corp		4.400		06/01/43		281,467
	475,000	Alabama Power Co		3.550		12/01/23		519,091
	300,000	Alabama Power Co		5.200		06/01/41		370,754
	200,000	Alabama Power Co		3.850		12/01/42		208,382
	400,000	Alabama Power Co		3.750		03/01/45		416,279
	300,000	Alabama Power Co		4.300		01/02/46		336,869
	300,000	Ameren Corp		2.700		11/15/20		308,999
	600,000	Ameren Illinois Co		2.700		09/01/22		622,857
	200,000	Ameren Illinois Co		3.250		03/01/25		215,553
	100,000	Ameren Illinois Co		4.800		12/15/43		121,673
	200,000	Ameren Illinois Co		4.300		07/01/44		226,860
	500,000	American Water Capital Corp		3.850		03/01/24		552,593
	300,000	American Water Capital Corp		3.400		03/01/25		325,437
	225,000	American Water Capital Corp		4.300		12/01/42		253,106
	150,000	American Water Capital Corp		4.300		09/01/45		170,948
	140,000	Appalachian Power Co		7.000		04/01/38		188,137
	500,000	Appalachian Power Co		4.400		05/15/44		537,185
	150,000	Arizona Public Service Co		8.750		03/01/19		177,732
	200,000	Arizona Public Service Co		3.350		06/15/24		215,682
	350,000	Arizona Public Service Co		4.500		04/01/42		405,039
	200,000	Arizona Public Service Co		4.700		01/15/44		236,941
	200,000	Arizona Public Service Co		4.350		11/15/45		226,854
	100,000	Atmos Energy Corp		8.500		03/15/19		117,892
	100,000	Atmos Energy Corp		5.500		06/15/41		127,421
	125,000	Atmos Energy Corp		4.150		01/15/43		133,001
	200,000	Atmos Energy Corp		4.125		10/15/44		218,179
	100,000	Baltimore Gas & Electric Co		3.500		11/15/21		107,532
	400,000	Baltimore Gas & Electric Co		3.350		07/01/23		423,147
	200,000	Berkshire Hathaway Energy Co		1.100		05/15/17		200,443
	200,000	Berkshire Hathaway Energy Co		2.000		11/15/18		203,309
	325,000	Berkshire Hathaway Energy Co		2.400		02/01/20		333,856
	200,000	Berkshire Hathaway Energy Co		3.750		11/15/23		218,634
	350,000	Berkshire Hathaway Energy Co		3.500		02/01/25		377,655
	200,000	Berkshire Hathaway Energy Co		5.150		11/15/43		242,568
	500,000	Berkshire Hathaway Energy Co		4.500		02/01/45		561,669
	100,000	Black Hills Corp		2.500		01/11/19		102,086
	200,000	Black Hills Corp		4.250		11/30/23		218,202
	100,000	Black Hills Corp		3.950		01/15/26		106,166
	200,000	Brookfield Finance, Inc		4.250		06/02/26		204,563
	785,000	Carolina Power & Light Co		5.300		01/15/19		864,302
	350,000	Carolina Power & Light Co		3.000		09/15/21		373,632
	150,000	Carolina Power & Light Co		2.800		05/15/22		157,134
	100,000	Carolina Power & Light Co		4.100		05/15/42		109,515
	300,000	Carolina Power & Light Co		4.100		03/15/43		328,096
	400,000	CenterPoint Energy Houston Electric LLC		2.250		08/01/22		403,370
	100,000	CenterPoint Energy Houston Electric LLC		6.950		03/15/33		142,782
	100,000	CenterPoint Energy Houston Electric LLC		3.550		08/01/42		101,446

103

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	300,000		CenterPoint Energy Houston Electric LLC		4.500	%	04/01/44	$	354,181
	423,000		CenterPoint Energy Resources Corp		4.500		01/15/21		459,040
	200,000	g	Cleco Corporate Holdings LLC		3.743		05/01/26		205,649
	200,000	g	Cleco Corporate Holdings LLC		4.973		05/01/46		210,194
	203,000		Cleco Power LLC		6.000		12/01/40		255,364
	200,000		CMS Energy Corp		3.875		03/01/24		217,600
	100,000		CMS Energy Corp		3.600		11/15/25		106,240
	100,000		CMS Energy Corp		4.700		03/31/43		113,006
	300,000		Columbia Pipeline Group, Inc		2.450		06/01/18		300,967
	300,000		Columbia Pipeline Group, Inc		3.300		06/01/20		310,201
	300,000		Columbia Pipeline Group, Inc		4.500		06/01/25		322,624
	300,000		Columbia Pipeline Group, Inc		5.800		06/01/45		346,442
	300,000		Commonwealth Edison Co		2.150		01/15/19		305,988
	775,000		Commonwealth Edison Co		4.000		08/01/20		843,519
	200,000		Commonwealth Edison Co		3.100		11/01/24		212,963
	250,000		Commonwealth Edison Co		2.550		06/15/26		254,312
	387,000		Commonwealth Edison Co		5.900		03/15/36		515,722
	200,000		Commonwealth Edison Co		3.800		10/01/42		208,222
	300,000		Commonwealth Edison Co		4.600		08/15/43		353,278
	300,000		Commonwealth Edison Co		4.700		01/15/44		361,261
	100,000		Commonwealth Edison Co		3.700		03/01/45		102,591
	250,000		Commonwealth Edison Co		3.650		06/15/46		256,110
	200,000		Connecticut Light & Power Co		2.500		01/15/23		203,090
	200,000		Connecticut Light & Power Co		4.300		04/15/44		228,368
	250,000		Connecticut Light & Power Co		4.150		06/01/45		278,971
	60,000		Consolidated Edison Co of New York, Inc		6.650		04/01/19		68,495
	1,390,000		Consolidated Edison Co of New York, Inc		4.450		06/15/20		1,542,390
	325,000		Consolidated Edison Co of New York, Inc		5.700		06/15/40		419,558
	200,000		Consolidated Edison Co of New York, Inc		4.200		03/15/42		216,116
	550,000		Consolidated Edison Co of New York, Inc		3.950		03/01/43		577,464
	600,000		Consolidated Edison Co of New York, Inc		4.450		03/15/44		670,962
	150,000		Consolidated Edison Co of New York, Inc		4.500		12/01/45		170,614
	400,000		Consolidated Edison Co of New York, Inc		3.850		06/15/46		414,425
	200,000		Consolidated Edison Co of New York, Inc		4.625		12/01/54		229,446
	100,000		Consolidated Edison, Inc		2.000		05/15/21		101,060
	230,000		Consumers Energy Co		6.125		03/15/19		260,772
	150,000		Consumers Energy Co		2.850		05/15/22		156,182
	200,000		Consumers Energy Co		3.375		08/15/23		213,506
	100,000		Consumers Energy Co		3.125		08/31/24		106,040
	250,000		Consumers Energy Co		3.950		05/15/43		270,955
	200,000		Consumers Energy Co		4.100		11/15/45		225,235
	100,000		Consumers Energy Co		4.350		08/31/64		110,813
	200,000		Delmarva Power & Light Co		3.500		11/15/23		216,226
	1,650,000	g	Diamond Finance Corp		3.480		06/01/19		1,690,276
	1,175,000	g	Diamond Finance Corp		4.420		06/15/21		1,207,671
	1,000,000	g	Diamond Finance Corp		8.100		07/15/36		1,078,514
	150,000		Dominion Gas Holdings LLC		2.500		12/15/19		153,424
	250,000		Dominion Gas Holdings LLC		2.800		11/15/20		258,359
	200,000		Dominion Gas Holdings LLC		3.550		11/01/23		209,200
	200,000		Dominion Gas Holdings LLC		3.600		12/15/24		211,527
	200,000		Dominion Gas Holdings LLC		4.800		11/01/43		216,837
	200,000		Dominion Gas Holdings LLC		4.600		12/15/44		208,306

104

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	100,000		Dominion Resources, Inc		1.400	%	09/15/17	$	99,866
	300,000		Dominion Resources, Inc		1.900		06/15/18		301,413
	400,000	i	Dominion Resources, Inc (Step Bond)		2.962		07/01/19		407,214
	1,700,000		Dominion Resources, Inc		4.450		03/15/21		1,878,221
	200,000	i	Dominion Resources, Inc (Step Bond)		4.104		04/01/21		211,669
	200,000		Dominion Resources, Inc		3.625		12/01/24		210,454
	200,000		Dominion Resources, Inc		5.950		06/15/35		243,827
	100,000		Dominion Resources, Inc		4.050		09/15/42		99,316
	200,000		Dominion Resources, Inc		4.700		12/01/44		217,140
	300,000	i	Dominion Resources, Inc		5.750		10/01/54		298,500
	100,000		DTE Electric Co		3.700		06/01/46		105,656
	200,000		DTE Energy Co		3.300		06/15/22		210,813
	400,000		DTE Energy Electric Company		3.450		10/01/20		430,860
	100,000		DTE Energy Electric Company		2.650		06/15/22		104,261
	200,000		DTE Energy Electric Company		3.850		12/01/23		216,116
	200,000		DTE Energy Electric Company		3.650		03/15/24		220,424
	200,000		DTE Energy Electric Company		3.500		06/01/24		212,367
	100,000		DTE Energy Electric Company		3.950		06/15/42		108,597
	200,000		DTE Energy Electric Company		4.000		04/01/43		220,737
	200,000		DTE Energy Electric Company		4.300		07/01/44		229,824
	300,000		DTE Energy Electric Company		3.700		03/15/45		318,241
	125,000		Duke Energy Carolinas LLC		4.300		06/15/20		139,074
	200,000		Duke Energy Carolinas LLC		2.500		03/15/23		207,052
	500,000		Duke Energy Carolinas LLC		4.000		09/30/42		538,860
	300,000		Duke Energy Carolinas LLC		3.750		06/01/45		316,992
	200,000		Duke Energy Carolinas LLC		3.875		03/15/46		214,990
	500,000		Duke Energy Corp		2.100		06/15/18		504,432
	746,000		Duke Energy Corp		5.050		09/15/19		822,321
	300,000		Duke Energy Corp		3.050		08/15/22		311,766
	300,000		Duke Energy Corp		3.950		10/15/23		325,149
	300,000		Duke Energy Corp		4.800		12/15/45		347,584
	300,000		Duke Energy Indiana LLC		3.750		05/15/46		311,679
	250,000		Duke Energy Indiana, Inc		4.200		03/15/42		273,664
	200,000		Duke Energy Indiana, Inc		4.900		07/15/43		240,122
	200,000		Duke Energy Ohio, Inc		3.700		06/15/46		205,051
	300,000		Duke Energy Progress LLC		3.250		08/15/25		324,484
	300,000		Duke Energy Progress LLC		4.200		08/15/45		336,851
	400,000		Duke Energy Progress, Inc		4.375		03/30/44		458,157
	500,000		Duke Energy Progress, Inc		4.150		12/01/44		551,000
	200,000		Edison International		2.950		03/15/23		205,058
	200,000		El Paso Electric Co		5.000		12/01/44		229,542
	50,000		Empresa Nacional de Electricidad S.A.		4.250		04/15/24		52,869
	100,000		Enbridge, Inc		5.600		04/01/17		102,881
	300,000		Enbridge, Inc		4.000		10/01/23		297,940
	300,000		Enbridge, Inc		4.500		06/10/44		260,012
	400,000		Energy Transfer Partners LP		6.125		02/15/17		410,338
	500,000		Energy Transfer Partners LP		2.500		06/15/18		497,691
	44,000		Energy Transfer Partners LP		9.700		03/15/19		49,816
	500,000		Energy Transfer Partners LP		4.150		10/01/20		507,520
	500,000		Energy Transfer Partners LP		4.650		06/01/21		516,454
	200,000		Energy Transfer Partners LP		5.200		02/01/22		210,733
	200,000		Energy Transfer Partners LP		3.600		02/01/23		191,719

105

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	500,000	Energy Transfer Partners LP		4.900	%	02/01/24	$	511,386
	400,000	Energy Transfer Partners LP		4.050		03/15/25		394,455
	1,000,000	Energy Transfer Partners LP		4.750		01/15/26		1,032,201
	400,000	Energy Transfer Partners LP		4.900		03/15/35		353,564
	140,000	Energy Transfer Partners LP		7.500		07/01/38		154,648
	450,000	Energy Transfer Partners LP		6.500		02/01/42		472,782
	200,000	Energy Transfer Partners LP		5.150		02/01/43		178,868
	200,000	Energy Transfer Partners LP		5.950		10/01/43		193,378
	400,000	Energy Transfer Partners LP		5.150		03/15/45		363,699
	500,000	Energy Transfer Partners LP		6.125		12/15/45		518,764
	200,000	EnLink Midstream Partners LP		2.700		04/01/19		194,385
	200,000	EnLink Midstream Partners LP		4.400		04/01/24		187,690
	300,000	EnLink Midstream Partners LP		4.150		06/01/25		276,612
	200,000	EnLink Midstream Partners LP		5.600		04/01/44		166,404
	125,000	Entergy Arkansas, Inc		3.750		02/15/21		136,516
	300,000	Entergy Arkansas, Inc		3.050		06/01/23		314,503
	175,000	Entergy Arkansas, Inc		3.700		06/01/24		191,911
	300,000	Entergy Arkansas, Inc		3.500		04/01/26		328,896
	200,000	Entergy Arkansas, Inc		4.950		12/15/44		210,783
	200,000	Entergy Corp		5.125		09/15/20		219,172
	200,000	Entergy Corp		4.000		07/15/22		214,728
	200,000	Entergy Louisiana LLC		4.050		09/01/23		222,903
	200,000	Entergy Louisiana LLC		3.250		04/01/28		210,549
	300,000	Entergy Louisiana LLC		4.950		01/15/45		316,395
	200,000	Entergy Mississippi, Inc		2.850		06/01/28		203,293
	225,000	Entergy Texas, Inc		7.125		02/01/19		254,856
	300,000	EQT Midstream Partners LP		4.000		08/01/24		288,267
	325,000	Exelon Corp		2.850		06/15/20		335,289
	1,122,000	Exelon Corp		2.450		04/15/21		1,137,905
	300,000	Exelon Corp		3.950		06/15/25		320,872
	200,000	Exelon Corp		3.400		04/15/26		209,134
	500,000	Exelon Corp		4.950		06/15/35		564,561
	200,000	Exelon Corp		4.450		04/15/46		213,674
	200,000	Exelon Generation Co LLC		2.950		01/15/20		205,749
	200,000	Exelon Generation Co LLC		4.250		06/15/22		213,338
	371,000	Exelon Generation Co LLC		5.600		06/15/42		388,829
	400,000	Florida Power & Light Co		2.750		06/01/23		421,269
	500,000	Florida Power & Light Co		3.250		06/01/24		537,619
	300,000	Florida Power & Light Co		3.125		12/01/25		321,908
	400,000	Florida Power & Light Co		5.250		02/01/41		514,568
	100,000	Florida Power & Light Co		4.125		02/01/42		112,810
	200,000	Florida Power & Light Co		4.050		06/01/42		223,723
	450,000	Florida Power & Light Co		3.800		12/15/42		484,704
	400,000	Florida Power & Light Co		4.050		10/01/44		452,706
	29,000	Florida Power Corp		5.650		06/15/18		31,531
	1,200,000	Florida Power Corp		3.100		08/15/21		1,277,432
	165,000	Florida Power Corp		6.400		06/15/38		235,175
	300,000	Florida Power Corp		3.850		11/15/42		317,242
	900,000	Georgia Power Co		5.700		06/01/17		936,759
	200,000	Georgia Power Co		1.950		12/01/18		203,434
	100,000	Georgia Power Co		3.250		04/01/26		106,302
	177,000	Georgia Power Co		5.950		02/01/39		231,152

106

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	700,000		Georgia Power Co		4.300	%	03/15/43	$	764,987
	200,000		Great Plains Energy, Inc (Step Bond)		4.850		06/01/21		219,782
	200,000		Great Plains Energy, Inc		5.292		06/15/22		223,723
	80,000		Indiana Michigan Power Co		7.000		03/15/19		90,892
	200,000		Indiana Michigan Power Co		3.200		03/15/23		208,665
	225,000		Indiana Michigan Power Co		4.550		03/15/46		250,236
	70,000		Integrys Energy Group, Inc		4.170		11/01/20		76,961
	300,000		Interstate Power & Light Co		3.250		12/01/24		320,965
	100,000		Interstate Power & Light Co		6.250		07/15/39		137,325
	200,000		Interstate Power & Light Co		4.700		10/15/43		226,339
	200,000		ITC Holdings Corp		4.050		07/01/23		210,545
	300,000		ITC Holdings Corp		3.650		06/15/24		312,368
	100,000		ITC Holdings Corp		3.250		06/30/26		100,146
	225,000		Kansas City Power & Light Co		3.150		03/15/23		231,152
	200,000		Kansas City Power & Light Co		3.650		08/15/25		211,726
	100,000		Kansas City Power & Light Co		5.300		10/01/41		118,841
	20,000	g	Kansas Gas & Electric		6.700		06/15/19		22,957
	125,000		Kentucky Utilities Co		3.300		10/01/25		135,072
	175,000		Kentucky Utilities Co		4.650		11/15/43		207,149
	100,000		Kentucky Utilities Co		4.375		10/01/45		114,470
	250,000		KeySpan Corp		5.803		04/01/35		303,343
	100,000		Kinder Morgan, Inc		2.000		12/01/17		99,466
	400,000		Kinder Morgan, Inc		5.950		02/15/18		422,209
	300,000		Kinder Morgan, Inc		2.650		02/01/19		299,871
	500,000		Kinder Morgan, Inc		9.000		02/01/19		569,383
	2,400,000		Kinder Morgan, Inc		3.050		12/01/19		2,425,066
	1,200,000		Kinder Morgan, Inc		3.950		09/01/22		1,221,408
	350,000		Kinder Morgan, Inc		3.450		02/15/23		340,394
	200,000		Kinder Morgan, Inc		3.500		09/01/23		195,904
	300,000		Kinder Morgan, Inc		4.150		02/01/24		301,660
	500,000		Kinder Morgan, Inc		4.250		09/01/24		506,480
	1,200,000		Kinder Morgan, Inc		4.300		06/01/25		1,229,266
	800,000		Kinder Morgan, Inc		5.300		12/01/34		782,306
	535,000		Kinder Morgan, Inc		6.500		09/01/39		559,830
	300,000		Kinder Morgan, Inc		5.625		09/01/41		287,330
	200,000		Kinder Morgan, Inc		5.000		08/15/42		188,670
	500,000		Kinder Morgan, Inc		5.000		03/01/43		473,687
	400,000		Kinder Morgan, Inc		5.500		03/01/44		400,431
	200,000		Kinder Morgan, Inc		5.400		09/01/44		197,465
	300,000		Kinder Morgan, Inc		5.550		06/01/45		304,893
	320,000		LG&E and KU Energy LLC		3.750		11/15/20		343,692
	225,000		Louisville Gas & Electric Co		3.300		10/01/25		241,826
	125,000		Louisville Gas & Electric Co		4.650		11/15/43		148,869
	100,000		Louisville Gas & Electric Co		4.375		10/01/45		114,920
	880,000		Metropolitan Edison Co		7.700		01/15/19		993,480
	300,000		MidAmerican Energy Co		2.400		03/15/19		310,073
	200,000		MidAmerican Energy Co		3.700		09/15/23		220,367
	300,000		MidAmerican Energy Co		3.500		10/15/24		328,544
	200,000		MidAmerican Energy Co		4.800		09/15/43		243,569
	200,000		MidAmerican Energy Co		4.250		05/01/46		226,371
	200,000		MidAmerican Energy Co		4.400		10/15/44		232,244
	1,032,000		MidAmerican Energy Holdings Co		5.950		05/15/37		1,343,338

107

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	300,000	MidAmerican Energy Holdings Co		6.500	%	09/15/37	$	412,607
	750,000	Mississippi Power Co		4.250		03/15/42		670,831
	100,000	National Fuel Gas Co		4.900		12/01/21		105,278
	200,000	National Fuel Gas Co		3.750		03/01/23		194,269
	300,000	National Fuel Gas Co		5.200		07/15/25		311,287
	820,000	Nevada Power Co		6.500		08/01/18		908,644
	45,000	Nevada Power Co		7.125		03/15/19		51,970
	230,000	Nevada Power Co		5.375		09/15/40		284,015
	300,000	NextEra Energy Capital Holdings, Inc		1.586		06/01/17		300,726
	300,000	NextEra Energy Capital Holdings, Inc		2.056		09/01/17		302,111
	125,000	NextEra Energy Capital Holdings, Inc		2.300		04/01/19		127,423
	100,000	NextEra Energy Capital Holdings, Inc		2.700		09/15/19		103,147
	500,000	NextEra Energy Capital Holdings, Inc		4.500		06/01/21		552,768
	140,000	NiSource Finance Corp		6.400		03/15/18		151,545
	150,000	NiSource Finance Corp		6.125		03/01/22		178,517
	400,000	NiSource Finance Corp		3.850		02/15/23		431,746
	100,000	NiSource Finance Corp		5.950		06/15/41		124,433
	200,000	NiSource Finance Corp		5.250		02/15/43		240,424
	150,000	NiSource Finance Corp		4.800		02/15/44		172,151
	300,000	NiSource Finance Corp		5.650		02/01/45		377,235
	300,000	Northeast Utilities		2.800		05/01/23		307,351
	100,000	Northeast Utilities		3.150		01/15/25		104,339
	500,000	Northern States Power Co		2.200		08/15/20		516,739
	150,000	Northern States Power Co		2.150		08/15/22		152,951
	300,000	Northern States Power Co		2.600		05/15/23		310,413
	425,000	Northern States Power Co		5.350		11/01/39		555,849
	200,000	Northern States Power Co		3.400		08/15/42		203,133
	150,000	Northern States Power Co		4.000		08/15/45		169,995
	175,000	Northern States Power Co		3.600		05/15/46		184,149
	200,000	NorthWestern Corp		4.176		11/15/44		212,758
	150,000	NSTAR Electric Co		5.625		11/15/17		158,878
	200,000	NSTAR Electric Co		2.375		10/15/22		205,804
	200,000	NSTAR Electric Co		3.250		11/15/25		214,938
	500,000	Oglethorpe Power Corp		4.200		12/01/42		524,072
	300,000	Oglethorpe Power Corp		4.550		06/01/44		317,621
	250,000	Ohio Edison Co		8.250		10/15/38		373,885
	600,000	Ohio Power Co		5.375		10/01/21		696,706
	100,000	Oklahoma Gas & Electric Co		5.250		05/15/41		123,175
	400,000	Oklahoma Gas & Electric Co		3.900		05/01/43		406,632
	200,000	Oklahoma Gas & Electric Co		4.000		12/15/44		214,308
	200,000	Oncor Electric Delivery Co LLC		6.800		09/01/18		222,266
	100,000	Oncor Electric Delivery Co LLC		2.150		06/01/19		101,618
	150,000	Oncor Electric Delivery Co LLC		4.100		06/01/22		166,306
	400,000	Oncor Electric Delivery Co LLC		2.950		04/01/25		416,403
	70,000	Oncor Electric Delivery Co LLC		7.250		01/15/33		99,608
	100,000	Oncor Electric Delivery Co LLC		5.250		09/30/40		122,240
	550,000	Oncor Electric Delivery Co LLC		4.550		12/01/41		630,257
	150,000	Oncor Electric Delivery Co LLC		5.300		06/01/42		187,044
	100,000	ONEOK Partners LP		2.000		10/01/17		99,863
	200,000	ONEOK Partners LP		3.200		09/15/18		202,382
	400,000	ONEOK Partners LP		3.375		10/01/22		391,411
	200,000	ONEOK Partners LP		5.000		09/15/23		210,655

108

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	700,000	ONEOK Partners LP		4.900	%	03/15/25	$	734,396
	130,000	ONEOK Partners LP		6.650		10/01/36		136,127
	250,000	ONEOK Partners LP		6.850		10/15/37		270,738
	100,000	ONEOK Partners LP		6.125		02/01/41		105,066
	355,000	Pacific Gas & Electric Co		8.250		10/15/18		408,900
	400,000	Pacific Gas & Electric Co		3.250		06/15/23		426,629
	175,000	Pacific Gas & Electric Co		3.850		11/15/23		191,892
	200,000	Pacific Gas & Electric Co		3.750		02/15/24		218,847
	500,000	Pacific Gas & Electric Co		3.400		08/15/24		535,529
	400,000	Pacific Gas & Electric Co		3.500		06/15/25		436,244
	420,000	Pacific Gas & Electric Co		6.050		03/01/34		559,873
	600,000	Pacific Gas & Electric Co		5.400		01/15/40		763,775
	400,000	Pacific Gas & Electric Co		4.500		12/15/41		453,216
	150,000	Pacific Gas & Electric Co		3.750		08/15/42		152,415
	400,000	Pacific Gas & Electric Co		4.600		06/15/43		458,056
	200,000	Pacific Gas & Electric Co		5.125		11/15/43		241,308
	300,000	Pacific Gas & Electric Co		4.750		02/15/44		354,655
	300,000	Pacific Gas & Electric Co		4.300		03/15/45		336,625
	200,000	Pacific Gas & Electric Co		4.250		03/15/46		222,397
	250,000	PacifiCorp		2.950		02/01/22		264,944
	200,000	PacifiCorp		2.950		06/01/23		210,810
	300,000	PacifiCorp		3.600		04/01/24		329,660
	200,000	PacifiCorp		3.350		07/01/25		216,339
	850,000	PacifiCorp		6.000		01/15/39		1,149,773
	150,000	PECO Energy Co		2.375		09/15/22		154,396
	200,000	PECO Energy Co		3.150		10/15/25		213,806
	200,000	PECO Energy Co		4.800		10/15/43		246,057
	200,000	PECO Energy Co		4.150		10/01/44		228,479
	300,000	PG&E Corp		2.400		03/01/19		305,884
	200,000	Phillips 66 Partners LP		2.646		02/15/20		201,110
	300,000	Phillips 66 Partners LP		4.680		02/15/45		277,131
	150,000	Piedmont Natural Gas Co, Inc		4.100		09/18/34		156,521
	200,000	Piedmont Natural Gas Co, Inc		4.650		08/01/43		223,007
	200,000	Potomac Electric Power Co		3.600		03/15/24		217,373
	65,000	Potomac Electric Power Co		7.900		12/15/38		102,015
	500,000	Potomac Electric Power Co		4.150		03/15/43		543,464
	300,000	PPL Capital Funding, Inc		4.200		06/15/22		326,951
	200,000	PPL Capital Funding, Inc		3.500		12/01/22		210,523
	400,000	PPL Capital Funding, Inc		3.400		06/01/23		417,460
	100,000	PPL Capital Funding, Inc		3.950		03/15/24		107,749
	175,000	PPL Capital Funding, Inc		3.100		05/15/26		176,995
	200,000	PPL Electric Utilities Corp		2.500		09/01/22		206,805
	300,000	PPL Electric Utilities Corp		4.750		07/15/43		363,791
	200,000	PPL Electric Utilities Corp		4.125		06/15/44		219,963
	275,000	PPL Electric Utilities Corp		4.150		10/01/45		309,938
	300,000	Progress Energy, Inc		3.150		04/01/22		312,229
	900,000	Progress Energy, Inc		7.750		03/01/31		1,260,932
	100,000	PSEG Power LLC		2.450		11/15/18		101,769
	500,000	PSEG Power LLC		3.000		06/15/21		506,965
	150,000	Public Service Co of Colorado		2.250		09/15/22		153,837
	200,000	Public Service Co of Colorado		2.500		03/15/23		204,211
	300,000	Public Service Co of Colorado		2.900		05/15/25		313,656

109

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	150,000		Public Service Co of Colorado		3.600	%	09/15/42	$	155,117
	100,000		Public Service Co of Colorado		4.300		03/15/44		113,527
	200,000		Public Service Co of Colorado		3.550		06/15/46		206,211
	300,000		Public Service Co of New Hampshire		3.500		11/01/23		321,846
	200,000		Public Service Co of New Mexico		3.850		08/01/25		214,132
	520,000		Public Service Co of Oklahoma		5.150		12/01/19		578,643
	100,000		Public Service Co of Oklahoma		4.400		02/01/21		109,499
	150,000		Public Service Co of Oklahoma		6.625		11/15/37		193,522
	220,000		Public Service Electric & Gas Co		5.300		05/01/18		236,373
	200,000		Public Service Electric & Gas Co		2.300		09/15/18		204,522
	500,000		Public Service Electric & Gas Co		1.800		06/01/19		508,232
	200,000		Public Service Electric & Gas Co		2.000		08/15/19		205,087
	100,000		Public Service Electric & Gas Co		1.900		03/15/21		101,720
	200,000		Public Service Electric & Gas Co		3.150		08/15/24		214,152
	410,000		Public Service Electric & Gas Co		5.375		11/01/39		530,105
	200,000		Public Service Electric & Gas Co		3.950		05/01/42		220,534
	100,000		Public Service Electric & Gas Co		3.650		09/01/42		105,602
	200,000		Public Service Electric & Gas Co		3.800		01/01/43		215,890
	200,000		Public Service Electric & Gas Co		4.000		06/01/44		219,570
	200,000		Public Service Electric & Gas Co		4.050		05/01/45		225,837
	100,000		Public Service Electric & Gas Co		3.800		03/01/46		108,570
	300,000		Puget Energy, Inc		3.650		05/15/25		308,181
	250,000		Puget Sound Energy, Inc		5.757		10/01/39		332,676
	700,000		Puget Sound Energy, Inc		4.434		11/15/41		792,544
	200,000		Puget Sound Energy, Inc		4.300		05/20/45		229,027
	150,000		San Diego Gas & Electric Co		3.000		08/15/21		160,541
	400,000		San Diego Gas & Electric Co		3.600		09/01/23		442,183
	800,000		San Diego Gas & Electric Co		2.500		05/15/26		813,418
	305,000		San Diego Gas & Electric Co		5.350		05/15/40		390,520
	100,000		San Diego Gas & Electric Co		3.950		11/15/41		107,833
	300,000		SCANA Corp		4.750		05/15/21		320,247
	100,000		SCANA Corp		4.125		02/01/22		103,907
	250,000		Scottish Power Ltd		5.810		03/15/25		291,032
	605,000		Sempra Energy		2.300		04/01/17		610,012
	200,000		Sempra Energy		2.850		11/15/20		207,342
	150,000		Sempra Energy		2.875		10/01/22		153,471
	500,000		Sempra Energy		4.050		12/01/23		541,147
	200,000		Sempra Energy		3.550		06/15/24		209,715
	200,000		Sempra Energy		3.750		11/15/25		213,743
	260,000		Sempra Energy		6.000		10/15/39		326,288
	125,000		Sierra Pacific Power Co		3.375		08/15/23		135,528
	100,000	g	Sierra Pacific Power Co		2.600		05/01/26		101,814
	50,000		South Carolina Electric & Gas Co		5.300		05/15/33		59,544
	125,000		South Carolina Electric & Gas Co		5.450		02/01/41		155,515
	250,000		South Carolina Electric & Gas Co		4.350		02/01/42		272,001
	300,000		South Carolina Electric & Gas Co		4.600		06/15/43		339,756
	500,000		South Carolina Electric & Gas Co		4.100		06/15/46		529,452
	200,000		South Carolina Electric & Gas Co		4.500		06/01/64		206,991
	439,127		Southaven Combined Cycle Generation LLC		3.846		08/15/33		484,606
	200,000		Southern California Edison Co		1.125		05/01/17		200,437
	250,000		Southern California Edison Co		5.500		08/15/18		272,862
	280,000		Southern California Edison Co		3.875		06/01/21		308,462

110

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	500,000		Southern California Edison Co		2.400	%	02/01/22	$	518,406
	400,000		Southern California Edison Co		3.500		10/01/23		438,053
	185,000		Southern California Edison Co		6.050		03/15/39		253,064
	300,000		Southern California Edison Co		4.500		09/01/40		347,772
	500,000		Southern California Edison Co		3.900		12/01/41		536,515
	200,000		Southern California Edison Co		4.050		03/15/42		218,820
	500,000		Southern California Edison Co		3.900		03/15/43		540,411
	450,000		Southern California Edison Co		3.600		02/01/45		468,314
	200,000		Southern California Gas Co		1.550		06/15/18		201,933
	200,000		Southern California Gas Co		3.150		09/15/24		214,033
	200,000		Southern California Gas Co		3.200		06/15/25		214,690
	200,000		Southern California Gas Co		2.600		06/15/26		205,314
	150,000		Southern California Gas Co		3.750		09/15/42		158,946
	200,000		Southern California Gas Co		4.450		03/15/44		235,796
	400,000		Southern Co		1.550		07/01/18		402,616
	400,000		Southern Co		1.850		07/01/19		405,060
	300,000		Southern Co		2.750		06/15/20		310,957
	400,000		Southern Co		2.350		07/01/21		407,866
	400,000		Southern Co		2.950		07/01/23		414,699
	1,400,000		Southern Co		3.250		07/01/26		1,455,423
	400,000		Southern Co		4.250		07/01/36		424,445
	400,000		Southern Co		4.400		07/01/46		430,280
	108,000	g	Southern Natural Gas Co		5.900		04/01/17		110,873
	550,000		Southern Natural Gas Co		4.400		06/15/21		570,285
	100,000		Southern Natural Gas Co		8.000		03/01/32		110,920
	100,000		Southern Power Co		1.850		12/01/17		100,877
	500,000		Southern Power Co		2.375		06/01/20		507,813
	200,000		Southern Power Co		4.150		12/01/25		216,376
	250,000		Southwest Gas Corp		3.875		04/01/22		260,496
	400,000		Southwestern Electric Power Co		6.200		03/15/40		498,363
	600,000		Southwestern Public Service Co		4.500		08/15/41		687,371
	60,000		Spectra Energy Capital LLC		6.200		04/15/18		63,833
	600,000		Spectra Energy Capital LLC		3.300		03/15/23		576,715
	200,000		Spectra Energy Partners LP		2.950		09/25/18		203,835
	200,000		Spectra Energy Partners LP		4.750		03/15/24		219,897
	400,000		Spectra Energy Partners LP		3.500		03/15/25		409,399
	200,000		Spectra Energy Partners LP		5.950		09/25/43		236,608
	200,000		Spectra Energy Partners LP		4.500		03/15/45		203,431
	150,000		System Energy Resources, Inc		4.100		04/01/23		158,509
	200,000		Tampa Electric Co		5.400		05/15/21		228,174
	100,000		Tampa Electric Co		2.600		09/15/22		103,230
	100,000		Tampa Electric Co		4.100		06/15/42		106,683
	175,000		Tampa Electric Co		4.350		05/15/44		191,514
	200,000		Tampa Electric Co		4.200		05/15/45		215,532
	300,000		TC PipeLines LP		4.375		03/13/25		295,489
	200,000		TECO Finance, Inc		5.150		03/15/20		222,199
	200,000		Tennessee Gas Pipeline Co		7.000		10/15/28		214,225
	12,000		Toledo Edison Co		7.250		05/01/20		13,966
	300,000		Toledo Edison Co		6.150		05/15/37		368,982
	300,000		Total Capital S.A.		2.125		08/10/18		306,050
	200,000		Total Capital S.A.		4.450		06/24/20		221,848
	100,000		Total Capital S.A.		4.125		01/28/21		110,349

111

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	200,000		TransAlta Corp		1.900	%	06/03/17	$	198,368
	350,000		TransAlta Corp		6.900		05/15/18		359,781
	300,000		TransAlta Corp		4.500		11/15/22		273,383
	500,000	g	Transcontinental Gas Pipe Line Co LLC		7.850		02/01/26		622,530
	125,000		Transcontinental Gas Pipe Line Co LLC		4.450		08/01/42		113,734
	100,000		Tri-State Generation & Transmission Association, Inc		3.700		11/01/24		106,572
	175,000	g	Tri-State Generation & Transmission Association, Inc		4.250		06/01/46		180,898
	200,000		Tucson Electric Power Co		3.050		03/15/25		201,711
	300,000		Union Electric Co		3.500		04/15/24		325,159
	100,000		Union Electric Co		8.450		03/15/39		166,580
	100,000		Union Electric Co		3.900		09/15/42		107,793
	100,000		Union Electric Co		3.650		04/15/45		103,555
	100,000		United Utilities plc		6.875		08/15/28		117,520
	200,000		Virginia Electric and Power Co		1.200		01/15/18		200,159
	309,000		Virginia Electric and Power Co		2.750		03/15/23		320,315
	500,000		Virginia Electric and Power Co		3.450		02/15/24		541,744
	200,000		Virginia Electric and Power Co		3.100		05/15/25		211,207
	825,000		Virginia Electric and Power Co		3.150		01/15/26		871,457
	350,000		Virginia Electric and Power Co		6.000		05/15/37		469,198
	160,000		Virginia Electric and Power Co		4.000		01/15/43		168,671
	250,000		Virginia Electric and Power Co		4.650		08/15/43		296,458
	400,000		Virginia Electric and Power Co		4.450		02/15/44		460,080
	200,000		Virginia Electric and Power Co		4.200		05/15/45		222,917
	200,000		Washington Prime Group LP		3.850		04/01/20		205,526
	125,000		WEC Energy Group, Inc		1.650		06/15/18		126,104
	200,000		WEC Energy Group, Inc		2.450		06/15/20		205,143
	100,000		WEC Energy Group, Inc		3.550		06/15/25		107,355
	200,000		Westar Energy, Inc		3.250		12/01/25		213,812
	100,000		Westar Energy, Inc		2.550		07/01/26		100,129
	500,000		Westar Energy, Inc		4.125		03/01/42		551,740
	175,000		Westar Energy, Inc		4.100		04/01/43		191,502
	450,000		Western Gas Partners LP		4.000		07/01/22		438,523
	200,000		Western Gas Partners LP		3.950		06/01/25		191,078
	100,000	h	Western Gas Partners LP		4.650		07/01/26		99,726
	100,000		Western Gas Partners LP		5.450		04/01/44		95,573
	225,000		Western Massachusetts Electric Co		3.500		09/15/21		238,138
	70,000		Williams Partners LP		7.250		02/01/17		72,032
	530,000		Williams Partners LP		5.250		03/15/20		545,315
	600,000		Williams Partners LP		4.000		11/15/21		585,291
	750,000		Williams Partners LP		3.600		03/15/22		710,075
	200,000		Williams Partners LP		3.350		08/15/22		182,644
	300,000		Williams Partners LP		4.500		11/15/23		287,834
	300,000		Williams Partners LP		4.300		03/04/24		282,340
	500,000		Williams Partners LP		3.900		01/15/25		454,678
	750,000		Williams Partners LP		4.000		09/15/25		688,247
	300,000		Williams Partners LP		5.800		11/15/43		278,629
	300,000		Williams Partners LP		5.400		03/04/44		267,045
	500,000		Williams Partners LP		4.900		01/15/45		424,999
	300,000		Wisconsin Electric Power Co		1.700		06/15/18		302,284
	200,000		Wisconsin Electric Power Co		3.100		06/01/25		212,964
	200,000		Wisconsin Electric Power Co		5.625		05/15/33		254,642
	200,000		Wisconsin Electric Power Co		3.650		12/15/42		208,896

112

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	125,000		Wisconsin Electric Power Co		4.300	%	12/15/45	$	142,618
	200,000		Wisconsin Power & Light Co		2.250		11/15/22		201,388
	100,000		Wisconsin Power & Light Co		4.100		10/15/44		108,682
	200,000		Wisconsin Public Service Corp		1.650		12/04/18		202,818
	200,000		Wisconsin Public Service Corp		4.752		11/01/44		240,607
	400,000		Xcel Energy, Inc		1.200		06/01/17		400,257
	100,000		Xcel Energy, Inc		4.700		05/15/20		110,532
	300,000		Xcel Energy, Inc		2.400		03/15/21		308,447
	100,000		Xcel Energy, Inc		4.800		09/15/41		115,003
			TOTAL UTILITIES						167,577,235
			TOTAL CORPORATE BONDS						1,770,024,773
			(Cost $1,689,154,728)
GOVERNMENT BONDS -  71.1%
AGENCY SECURITIES - 2.3%
	4,250,000		Federal Farm Credit Bank (FFCB)		0.750		04/18/18		4,258,279
	5,095,000		Federal Home Loan Bank (FHLB)		4.750		12/16/16		5,193,756
	500,000		FHLB		4.875		05/17/17		518,740
	1,000,000		FHLB		0.750		09/08/17		1,001,197
	2,745,000		FHLB		5.000		11/17/17		2,908,446
	2,000,000		FHLB		1.000		12/19/17		2,010,540
	6,000,000		FHLB		1.625		06/14/19		6,135,798
	16,000,000		FHLB		1.875		03/13/20		16,500,704
	127,000		Federal Home Loan Mortgage Corp (FHLMC)		5.500		07/18/16		127,315
	16,736,000		FHLMC		5.125		10/18/16		16,968,664
	20,000,000		FHLMC		0.875		03/07/18		20,036,860
	4,500,000		FHLMC		1.250		08/01/19		4,555,206
	7,500,000		FHLMC		2.375		01/13/22		7,944,637
	150,000		Federal National Mortgage Association (FNMA)		5.000		05/11/17		155,666
	4,340,000		FNMA		5.375		06/12/17		4,532,444
	8,000,000		FNMA		1.125		07/20/18		8,074,320
	8,000,000		FNMA		1.625		11/27/18		8,170,296
	11,000,000	j	FNMA		0.000		10/09/19		10,571,924
	7,000,000		FNMA		1.500		11/30/20		7,124,516
	2,310,000		FNMA		2.301		09/25/22		2,376,362
	6,000,000		FNMA		2.625		09/06/24		6,458,232
	5,000,000		FNMA		6.625		11/15/30		7,665,760
	1,000,000		FNMA		5.625		07/15/37		1,467,511
	815,000		Financing Corp		9.400		02/08/18		928,484
	825,000		Financing Corp		9.800		04/06/18		957,025
	815,000		Financing Corp		10.350		08/03/18		977,198
	500,000		Hashemite Kingdom of Jordan Government AID Bond		2.503		10/30/20		529,547
	300,000		Hashemite Kingdom of Jordan Government AID Bond		3.000		06/30/25		327,255
	800,000		Israel Government AID Bond		5.500		09/18/23		1,011,674
	300,000		Israel Government AID Bond		5.500		04/26/24		380,112
	450,000		Private Export Funding Corp (PEFCO)		1.375		02/15/17		451,959
	590,000		PEFCO		2.250		12/15/17		602,203
	175,000		PEFCO		1.450		08/15/19		177,539
	550,000		PEFCO		2.250		03/15/20		570,486
	200,000		PEFCO		2.300		09/15/20		205,815

113

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	400,000	PEFCO		2.050	%	11/15/22	$	412,049
	200,000	PEFCO		3.250		06/15/25		221,745
	250,000	Ukraine Government AID Bonds		1.844		05/16/19		254,490
	500,000	Ukraine Government AID Bonds		1.847		05/29/20		511,826
	1,900,000	Hashemite Kingdom of Jordan Government AID Bond		1.945		06/23/19		1,962,170
		TOTAL AGENCY SECURITIES						155,238,750
FOREIGN GOVERNMENT BONDS - 4.3%
	250,000	African Development Bank		1.250		09/02/16		250,240
	1,200,000	African Development Bank		1.125		03/15/17		1,203,245
	500,000	African Development Bank		0.875		05/15/17		500,970
	500,000	African Development Bank		0.750		11/03/17		499,986
	900,000	African Development Bank		1.625		10/02/18		915,892
	500,000	African Development Bank		1.375		02/12/20		505,264
	450,000	African Development Bank		2.375		09/23/21		473,712
	400,000	Agricultural Bank of China		2.000		05/21/18		402,503
	1,400,000	Agricultural Bank of China		2.750		05/21/20		1,435,223
	2,000,000	Asian Development Bank		1.125		03/15/17		2,005,676
	500,000	Asian Development Bank		0.875		04/26/18		500,965
	1,500,000	Asian Development Bank		1.125		06/05/18		1,509,472
	500,000	Asian Development Bank		1.375		01/15/19		506,347
	1,000,000	Asian Development Bank		1.875		04/12/19		1,026,375
	500,000	Asian Development Bank		1.500		01/22/20		508,146
	1,500,000	Asian Development Bank		1.375		03/23/20		1,516,518
	1,000,000	Asian Development Bank		1.625		08/26/20		1,019,120
	500,000	Asian Development Bank		1.625		03/16/21		509,438
	1,000,000	Asian Development Bank		2.125		11/24/21		1,042,450
	600,000	Asian Development Bank		1.875		02/18/22		615,924
	500,000	Asian Development Bank		2.000		01/22/25		514,334
	1,000,000	Asian Development Bank		2.000		04/24/26		1,024,685
	75,000	Asian Development Bank		5.820		06/16/28		101,826
	850,000	Canada Government International Bond		0.875		02/14/17		851,360
	1,000,000	Canada Government International Bond		1.125		03/19/18		1,007,360
	1,000,000	Canada Government International Bond		1.625		02/27/19		1,021,709
	300,000	Chile Government International Bond		2.250		10/30/22		302,400
	1,209,000	Chile Government International Bond		3.125		01/21/26		1,248,292
	300,000	Chile Government International Bond		3.625		10/30/42		304,500
	450,000	Colombia Government International Bond		7.375		03/18/19		513,000
	900,000	Colombia Government International Bond		4.375		07/12/21		967,500
	600,000	Colombia Government International Bond		2.625		03/15/23		580,500
	1,250,000	Colombia Government International Bond		4.000		02/26/24		1,306,250
	1,250,000	Colombia Government International Bond		6.125		01/18/41		1,450,000
	1,150,000	Colombia Government International Bond		5.625		02/26/44		1,276,500
	1,200,000	Colombia Government International Bond		5.000		06/15/45		1,248,000
	500,000	Corp Andina de Fomento		1.500		08/08/17		501,825
	500,000	Corp Andina de Fomento		2.000		05/10/19		505,585
	527,000	Corp Andina de Fomento		4.375		06/15/22		588,338
	500,000	Council of Europe Development Bank		1.500		06/19/17		503,628
	500,000	Council of Europe Development Bank		1.000		03/07/18		501,385
	500,000	Council of Europe Development Bank		1.125		05/31/18		502,336
	1,000,000	Council Of Europe Development Bank		1.625		03/16/21		1,015,047
	300,000	Development Bank of Japan		5.125		02/01/17		307,366

114

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	1,000,000	European Bank for Reconstruction & Development		1.375	%	10/20/16	$	1,002,873
	500,000	European Bank for Reconstruction & Development		0.750		09/01/17		501,053
	500,000	European Bank for Reconstruction & Development		1.750		06/14/19		511,276
	500,000	European Bank for Reconstruction & Development		1.750		11/26/19		511,451
	1,300,000	European Bank for Reconstruction & Development		1.500		03/16/20		1,319,218
	500,000	European Bank for Reconstruction & Development		1.875		02/23/22		513,050
	2,200,000	European Investment Bank		1.750		03/15/17		2,215,660
	2,500,000	European Investment Bank		0.875		04/18/17		2,502,490
	700,000	European Investment Bank		1.000		08/17/17		702,099
	750,000	European Investment Bank		1.000		03/15/18		752,352
	5,000,000	European Investment Bank		1.000		06/15/18		5,012,100
	2,000,000	European Investment Bank		1.125		08/15/18		2,009,330
	1,000,000	European Investment Bank		1.875		03/15/19		1,024,119
	5,000,000	European Investment Bank		1.250		05/15/19		5,033,940
	1,500,000	European Investment Bank		1.375		06/15/20		1,512,648
	1,000,000	European Investment Bank		2.875		09/15/20		1,066,950
	500,000	European Investment Bank		1.625		12/15/20		507,125
	750,000	European Investment Bank		2.000		03/15/21		775,077
	500,000	European Investment Bank		2.500		04/15/21		527,322
	1,000,000	European Investment Bank		1.625		06/15/21		1,016,619
	2,500,000	European Investment Bank		2.125		10/15/21		2,589,820
	500,000	European Investment Bank		2.250		08/15/22		521,600
	2,000,000	European Investment Bank		3.250		01/29/24		2,238,580
	1,500,000	European Investment Bank		2.500		10/15/24		1,590,402
	1,705,000	European Investment Bank		4.875		02/15/36		2,296,739
	250,000	Export Development Canada		1.250		10/26/16		250,430
	500,000	Export Development Canada		0.625		12/15/16		500,080
	1,300,000	Export Development Canada		0.750		12/15/17		1,300,403
	500,000	Export Development Canada		1.000		06/15/18		502,168
	125,000	Export Development Canada		1.250		12/10/18		126,020
	500,000	Export Development Canada		1.250		02/04/19		504,825
	500,000	Export Development Canada		1.750		08/19/19		513,067
	500,000	Export Development Canada		1.750		07/21/20		513,402
	300,000	Export Development Canada		1.500		05/26/21		304,268
	400,000	Export-Import Bank of Korea		3.750		10/20/16		403,120
	200,000	Export-Import Bank of Korea		1.750		02/27/18		200,842
	400,000	Export-Import Bank of Korea		2.875		09/17/18		411,485
	500,000	Export-Import Bank of Korea		1.750		05/26/19		504,179
	775,000	Export-Import Bank of Korea		5.125		06/29/20		872,133
	200,000	Export-Import Bank of Korea		2.125		02/11/21		201,836
	250,000	Export-Import Bank of Korea		2.500		05/10/21		256,610
	300,000	Export-Import Bank of Korea		5.000		04/11/22		346,593
	500,000	Export-Import Bank of Korea		4.000		01/14/24		556,224
	750,000	Export-Import Bank of Korea		2.875		01/21/25		777,073
	250,000	Export-Import Bank of Korea		3.250		11/10/25		267,732
	500,000	Export-Import Bank of Korea		2.625		05/26/26		509,063
	500,000	Export-Import Bank of Korea		3.250		08/12/26		536,637
	100,000	Finland Government International Bond		6.950		02/15/26		139,625
	2,750,000	FMS Wertmanagement AoeR		1.000		11/21/17		2,758,261
	1,000,000	FMS Wertmanagement AoeR		1.250		07/30/18		1,009,322
	500,000	FMS Wertmanagement AoeR		1.375		06/08/21		503,211
	1,800,000	Hydro Quebec		1.375		06/19/17		1,809,504

115

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	270,000	Hydro Quebec		9.400	%	02/01/21	$	356,336
	200,000	Hydro Quebec		8.500		12/01/29		318,144
	1,500,000	Inter-American Development Bank		1.000		07/14/17		1,503,855
	500,000	Inter-American Development Bank		1.250		01/16/18		504,051
	3,000,000	Inter-American Development Bank		1.750		08/24/18		3,065,745
	2,000,000	Inter-American Development Bank		1.125		08/28/18		2,012,154
	750,000	Inter-American Development Bank		1.500		09/25/18		760,400
	500,000	Inter-American Development Bank		1.000		05/13/19		501,712
	1,105,000	Inter-American Development Bank		3.875		09/17/19		1,204,046
	1,000,000	Inter-American Development Bank		1.750		10/15/19		1,022,111
	2,750,000	Inter-American Development Bank		1.375		07/15/20		2,775,382
	500,000	Inter-American Development Bank		2.125		01/15/25		520,333
	1,500,000	Inter-American Development Bank		2.000		06/02/26		1,539,546
	700,000	Inter-American Development Bank		3.200		08/07/42		767,634
	300,000	Inter-American Development Bank		4.375		01/24/44		397,588
	950,000	International Bank for Reconstruction & Development		1.000		09/15/16		951,215
	5,000,000	International Bank for Reconstruction & Development		1.000		06/15/18		5,022,635
	1,000,000	International Bank for Reconstruction & Development		1.000		10/05/18		1,004,418
	1,500,000	International Bank for Reconstruction & Development		1.875		03/15/19		1,541,235
	750,000	International Bank for Reconstruction & Development		1.250		07/26/19		758,888
	1,000,000	International Bank for Reconstruction & Development		1.875		10/07/19		1,028,486
	3,750,000	International Bank for Reconstruction & Development		1.625		03/09/21		3,822,750
	5,000,000	International Bank for Reconstruction & Development		1.375		05/24/21		5,031,815
	400,000	International Bank for Reconstruction & Development		7.625		01/19/23		552,946
	500,000	International Bank for Reconstruction & Development		2.125		02/13/23		521,731
	1,600,000	International Bank for Reconstruction & Development		2.500		11/25/24		1,708,190
	1,500,000	International Bank for Reconstruction & Development		2.500		07/29/25		1,605,459
	834,000	International Bank for Reconstruction & Development		4.750		02/15/35		1,122,342
	2,750,000	International Finance Corp		1.125		11/23/16		2,755,473
	500,000	International Finance Corp		1.250		07/16/18		504,515
	2,000,000	International Finance Corp		1.750		09/04/18		2,040,762
	175,000	International Finance Corp		1.250		11/27/18		176,586
	1,000,000	International Finance Corp		1.750		09/16/19		1,024,004
	750,000	International Finance Corp		1.625		07/16/20		764,967
	400,000	Israel Government International Bond		5.125		03/26/19		440,160
	705,000	Israel Government International Bond		4.000		06/30/22		782,550
	300,000	Israel Government International Bond		3.150		06/30/23		319,469
	500,000	Israel Government International Bond		2.875		03/16/26		514,961
	500,000	Israel Government International Bond		4.500		01/30/43		559,920
	1,200,000	Italian Republic		5.250		09/20/16		1,209,804
	1,374,000	Italian Republic		5.375		06/15/33		1,631,782
	430,000	Italy Government International Bond		5.375		06/12/17		445,093
	500,000	Italy Government International Bond		6.875		09/27/23		627,000
	1,900,000	Japan Bank for International Cooperation		1.125		07/19/17		1,900,686
	1,050,000	Japan Bank for International Cooperation		1.750		07/31/18		1,060,640
	250,000	Japan Bank for International Cooperation		1.875		04/20/21		254,206
	1,050,000	Japan Bank for International Cooperation		3.375		07/31/23		1,159,907
	500,000	Japan Bank for International Cooperation		2.125		02/10/25		511,113
	750,000	Japan Bank for International Cooperation		2.750		01/21/26		808,438
	400,000	Japan Bank for International Cooperation		2.375		04/20/26		417,778
	600,000	Japan Finance Corp		2.250		07/13/16		600,168
	900,000	Japan Finance Organization for Municipalities		5.000		05/16/17		928,039

116

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	4,500,000	KFW		1.250	%	02/15/17	$	4,515,836
	1,000,000	KFW		0.875		12/15/17		1,001,694
	750,000	KFW		0.875		04/19/18		751,163
	2,000,000	KFW		1.000		06/11/18		2,006,198
	1,105,000	KFW		4.500		07/16/18		1,185,777
	2,000,000	KFW		1.125		08/06/18		2,012,242
	300,000	KFW		1.500		02/06/19		304,812
	500,000	KFW		1.750		10/15/19		512,013
	6,925,000	KFW		4.000		01/27/20		7,623,733
	1,500,000	KFW		1.875		06/30/20		1,543,395
	1,000,000	KFW		2.750		10/01/20		1,065,335
	1,500,000	KFW		1.875		11/30/20		1,544,255
	1,500,000	KFW		1.500		06/15/21		1,518,963
	1,600,000	KFW		2.625		01/25/22		1,704,845
	2,750,000	KFW		2.000		10/04/22		2,835,588
	2,000,000	KFW		2.500		11/20/24		2,128,114
	3,000,000	KFW		2.000		05/02/25		3,077,127
	400,000	Korea Development Bank		3.500		08/22/17		410,246
	300,000	Korea Development Bank		1.500		01/22/18		300,543
	400,000	Korea Development Bank		3.000		03/17/19		415,762
	500,000	Korea Development Bank		2.500		03/11/20		514,420
	300,000	Korea Development Bank		2.500		01/13/21		309,763
	200,000	Korea Development Bank		3.000		09/14/22		210,762
	500,000	Korea Development Bank		3.750		01/22/24		550,530
	200,000	Korea Development Bank		3.375		09/16/25		217,472
	400,000	Korea Development Bank		3.000		01/13/26		421,539
	2,025,000	Landwirtschaftliche Rentenbank		5.125		02/01/17		2,076,433
	500,000	Landwirtschaftliche Rentenbank		1.750		04/15/19		511,517
	1,000,000	Landwirtschaftliche Rentenbank		1.375		10/23/19		1,011,887
	500,000	Landwirtschaftliche Rentenbank		2.000		01/13/25		512,453
	750,000	Landwirtschaftliche Rentenbank		2.375		06/10/25		791,189
	1,000,000	Mexico Government International Bond		3.500		01/21/21		1,057,500
	1,588,000	Mexico Government International Bond		3.625		03/15/22		1,675,340
	4,098,000	Mexico Government International Bond		4.000		10/02/23		4,410,473
	2,000,000	Mexico Government International Bond		3.600		01/30/25		2,092,500
	1,000,000	Mexico Government International Bond		4.125		01/21/26		1,083,750
	461,000	Mexico Government International Bond		6.750		09/27/34		623,503
	730,000	Mexico Government International Bond		6.050		01/11/40		919,800
	1,474,000	Mexico Government International Bond		4.750		03/08/44		1,588,235
	1,678,000	Mexico Government International Bond		5.550		01/21/45		2,009,405
	505,000	Mexico Government International Bond		4.600		01/23/46		532,775
	150,000	Mexico Government International Bond		5.750		10/12/10		166,125
	1,500,000	Nordic Investment Bank		0.750		01/17/18		1,500,630
	500,000	Nordic Investment Bank		2.250		09/30/21		523,515
	2,300,000	North American Development Bank		2.400		10/26/22		2,348,981
	1,100,000	Panama Government International Bond		5.200		01/30/20		1,218,250
	250,000	Panama Government International Bond		4.000		09/22/24		268,750
	1,000,000	Panama Government International Bond		3.750		03/16/25		1,057,500
	300,000	Panama Government International Bond		7.125		01/29/26		395,250
	500,000	Panama Government International Bond		3.875		03/17/28		530,000
	692,000	Panama Government International Bond		6.700		01/26/36		922,090
	400,000	Panama Government International Bond		4.300		04/29/53		411,000

117

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	520,000	Peruvian Government International Bond		7.125	%	03/30/19	$	598,000
	925,000	Peruvian Government International Bond		7.350		07/21/25		1,260,313
	600,000	Peruvian Government International Bond		4.125		08/25/27		660,000
	1,100,000	Peruvian Government International Bond		6.550		03/14/37		1,482,250
	700,000	Peruvian Government International Bond		5.625		11/18/50		869,750
	225,000	Philippine Government International Bond		4.200		01/21/24		257,382
	2,750,000	Philippine Government International Bond		5.000		01/13/37		3,545,603
	4,083,000	Philippine Government International Bond		3.950		01/20/40		4,702,583
	300,000	Philippine Government International Bond		3.700		03/01/41		334,314
	1,985,000	Poland Government International Bond		6.375		07/15/19		2,249,005
	67,000	Poland Government International Bond		5.125		04/21/21		75,277
	390,000	Poland Government International Bond		5.000		03/23/22		438,633
	490,000	Poland Government International Bond		3.000		03/17/23		498,379
	1,000,000	Poland Government International Bond		4.000		01/22/24		1,080,000
	1,000,000	Poland Government International Bond		3.250		04/06/26		1,019,436
	400,000	Province of British Columbia Canada		1.200		04/25/17		401,824
	200,000	Province of British Columbia Canada		2.650		09/22/21		213,068
	1,800,000	Province of British Columbia Canada		2.000		10/23/22		1,850,922
	500,000	Province of Manitoba Canada		4.900		12/06/16		508,785
	500,000	Province of Manitoba Canada		1.125		06/01/18		502,780
	500,000	Province of Manitoba Canada		1.750		05/30/19		509,708
	500,000	Province of Manitoba Canada		2.050		11/30/20		513,765
	300,000	Province of Manitoba Canada		3.050		05/14/24		325,008
	500,000	Province of Manitoba Canada		2.125		06/22/26		497,329
	200,000	Province of New Brunswick Canada		5.200		02/21/17		205,550
	200,000	Province of New Brunswick Canada		2.750		06/15/18		206,668
	50,000	Province of Nova Scotia Canada		5.125		01/26/17		51,216
	200,000	Province of Nova Scotia Canada		8.250		07/30/22		266,534
	1,300,000	Province of Ontario Canada		1.100		10/25/17		1,304,520
	1,000,000	Province of Ontario Canada		2.000		01/30/19		1,023,271
	300,000	Province of Ontario Canada		1.250		06/17/19		300,846
	1,000,000	Province of Ontario Canada		1.650		09/27/19		1,013,554
	230,000	Province of Ontario Canada		4.400		04/14/20		256,116
	800,000	Province of Ontario Canada		2.450		06/29/22		837,270
	1,500,000	Province of Ontario Canada		3.200		05/16/24		1,636,287
	1,000,000	Province of Ontario Canada		2.500		04/27/26		1,030,348
	385,000	Province of Quebec Canada		5.125		11/14/16		391,122
	1,135,000	Province of Quebec Canada		4.625		05/14/18		1,213,072
	1,120,000	Province of Quebec Canada		3.500		07/29/20		1,214,901
	1,100,000	Province of Quebec Canada		2.625		02/13/23		1,154,802
	200,000	Province of Quebec Canada		7.125		02/09/24		265,469
	500,000	Province of Quebec Canada		2.875		10/16/24		533,720
	500,000	Province of Quebec Canada		2.500		04/20/26		514,761
	201,000	Province of Quebec Canada		7.500		09/15/29		305,011
	100,000	Province of Saskatchewan Canada		8.500		07/15/22		135,298
	700,000	Republic of Korea		7.125		04/16/19		812,980
	500,000	Republic of Korea		3.875		09/11/23		571,900
	400,000	Republic of Korea		4.125		06/10/44		529,775
	800,000	Republic of Turkey		7.500		07/14/17		847,088
	1,010,000	South Africa Government International Bond		6.875		05/27/19		1,124,837
	225,000	South Africa Government International Bond		5.500		03/09/20		243,000
	500,000	South Africa Government International Bond		4.665		01/17/24		516,420

118

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	300,000		South Africa Government International Bond		5.875	%	09/16/25	$	334,050
	975,000		South Africa Government International Bond		4.875		04/14/26		1,011,563
	300,000		South Africa Government International Bond		6.250		03/08/41		347,331
	525,000		South Africa Government International Bond		5.375		07/24/44		549,381
	625,000		Svensk Exportkredit AB		5.125		03/01/17		643,014
	1,000,000		Svensk Exportkredit AB		1.750		05/30/17		1,009,308
	425,000		Svensk Exportkredit AB		1.125		04/05/18		426,244
	500,000		Svensk Exportkredit AB		1.250		04/12/19		503,135
	500,000		Svensk Exportkredit AB		1.875		06/17/19		511,701
	200,000		Svensk Exportkredit AB		1.875		06/23/20		203,766
	500,000		Svensk Exportkredit AB		1.750		08/28/20		508,322
	500,000		Svensk Exportkredit AB		1.750		03/10/21		509,543
	4,000,000		Turkey Government International Bond		6.750		04/03/18		4,302,000
	600,000		Turkey Government International Bond		6.250		09/26/22		678,486
	3,500,000		Turkey Government International Bond		3.250		03/23/23		3,390,625
	800,000		Turkey Government International Bond		5.750		03/22/24		892,088
	525,000		Turkey Government International Bond		4.250		04/14/26		532,954
	5,250,000		Turkey Government International Bond		4.875		04/16/43		5,125,313
	800,000		Turkey Government International Bond		6.625		02/17/45		971,534
	200,343		Uruguay Government International Bond		4.500		08/14/24		218,123
	700,000		Uruguay Government International Bond		4.375		10/27/27		745,500
	500,000		Uruguay Government International Bond		4.125		11/20/45		453,750
	1,313,907		Uruguay Government International Bond		5.100		06/18/50		1,313,907
			TOTAL FOREIGN GOVERNMENT BONDS						290,285,432
MORTGAGE BACKED - 27.7%
	43,729	i	Federal Home Loan Mortgage Corp (FHLMC)		2.810		04/01/35		46,430
	6,652	i	FHLMC		2.405		10/01/35		7,046
	114,311	i	FHLMC		2.660		02/01/36		121,542
	65,466	i	FHLMC		2.765		07/01/36		69,467
	192,663	i	FHLMC		2.548		09/01/36		202,745
	86,177	i	FHLMC		2.556		09/01/36		89,972
	184,448	i	FHLMC		2.857		09/01/36		194,913
	29,593	i	FHLMC		5.836		01/01/37		31,338
	7,313	i	FHLMC		2.661		02/01/37		7,753
	14,316	i	FHLMC		2.754		02/01/37		15,085
	293,454	i	FHLMC		2.807		03/01/37		310,319
	190,104	i	FHLMC		5.680		04/01/37		200,631
	128,817	i	FHLMC		5.991		04/01/37		134,828
	30,152	i	FHLMC		2.450		05/01/37		30,750
	40,245	i	FHLMC		3.149		05/01/37		42,895
	131,959	i	FHLMC		2.668		06/01/37		138,703
	38,110	i	FHLMC		2.832		06/01/37		40,564
	174,832	i	FHLMC		2.502		08/01/37		179,540
	110,294	i	FHLMC		1.655		09/01/37		114,649
	235,087	i	FHLMC		2.046		09/01/37		242,624
	804	i	FHLMC		5.956		09/01/37		804
	15,536	i	FHLMC		5.530		02/01/38		16,395
	66,847	i	FHLMC		2.881		04/01/38		69,507
	134,351	i	FHLMC		3.180		04/01/38		141,879
	28,973	i	FHLMC		3.166		06/01/38		30,627
	14,904	i	FHLMC		2.375		07/01/38		15,818

119

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	49,558		FHLMC		5.000	%	10/01/39	$	54,659
	23,827	i	FHLMC		2.918		06/01/40		25,197
	184,561	i	FHLMC		3.377		07/01/40		193,462
	197,225	i	FHLMC		2.951		01/01/41		208,008
	25,935	i	FHLMC		3.102		05/01/41		27,236
	560,360	i	FHLMC		2.819		08/01/41		591,204
	315,992	i	FHLMC		2.983		09/01/41		328,450
	74,417	i	FHLMC		3.108		10/01/41		77,934
	2,234		Federal Home Loan Mortgage Corp Gold (FGLMC)		5.500		05/01/17		2,257
	4,421		FGLMC		5.500		06/01/17		4,484
	4,586		FGLMC		5.000		12/01/17		4,704
	2,301		FGLMC		5.500		12/01/17		2,346
	5,804		FGLMC		5.000		03/01/18		5,955
	19,721		FGLMC		5.000		04/01/18		20,235
	21,439		FGLMC		4.500		06/01/18		21,951
	52,605		FGLMC		4.500		09/01/18		53,818
	45,606		FGLMC		4.000		11/01/18		47,241
	83,948		FGLMC		4.500		01/01/19		86,046
	8,667		FGLMC		4.000		05/01/19		8,978
	70,779		FGLMC		4.500		05/01/19		72,521
	149,741		FGLMC		4.500		06/01/19		153,199
	62,652		FGLMC		4.000		10/01/19		64,898
	19,904		FGLMC		5.500		11/01/19		20,934
	196,615		FGLMC		4.500		12/01/19		201,474
	27,030		FGLMC		4.500		01/01/20		28,342
	442,291		FGLMC		4.500		02/01/20		452,607
	12,112		FGLMC		4.500		02/01/20		12,699
	121,602		FGLMC		5.000		05/01/20		124,873
	95,569		FGLMC		5.000		05/01/20		98,092
	11,742		FGLMC		4.500		07/01/20		12,238
	121,458		FGLMC		5.000		07/01/20		125,367
	2,795		FGLMC		7.000		10/01/20		2,953
	11,821		FGLMC		5.000		12/01/20		12,432
	416,401		FGLMC		4.000		05/01/21		431,331
	147,005		FGLMC		4.500		06/01/21		153,969
	258,709		FGLMC		4.500		06/01/21		270,432
	125,358		FGLMC		5.000		07/01/21		131,754
	19,092		FGLMC		5.500		07/01/21		20,523
	2,328,709		FGLMC		3.000		12/01/21		2,444,732
	12,843		FGLMC		5.000		10/01/22		13,802
	10,607		FGLMC		6.000		11/01/22		11,581
	93,319		FGLMC		5.000		04/01/23		100,455
	6,178		FGLMC		4.500		05/01/23		6,600
	82,369		FGLMC		5.000		05/01/23		90,848
	21,097		FGLMC		5.000		10/01/23		22,790
	16,701		FGLMC		5.500		10/01/23		18,588
	18,272		FGLMC		5.000		11/01/23		20,153
	37,418		FGLMC		5.000		03/01/24		41,270
	9,087		FGLMC		4.500		04/01/24		9,755
	3,961		FGLMC		4.500		05/01/24		4,262
	27,534		FGLMC		4.500		06/01/24		29,535
	122,190		FGLMC		4.000		07/01/24		129,825

120

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	255,501	FGLMC		4.000	%	07/01/24	$	271,976
	42,525	FGLMC		5.500		07/01/24		46,370
	260,859	FGLMC		4.000		08/01/24		276,622
	18,867	FGLMC		4.500		09/01/24		20,187
	9,825	FGLMC		4.500		09/01/24		10,469
	38,702	FGLMC		4.500		09/01/24		41,359
	10,104	FGLMC		5.500		09/01/24		11,251
	305,427	FGLMC		4.000		10/01/24		325,113
	35,629	FGLMC		4.500		10/01/24		38,832
	9,386	FGLMC		4.500		10/01/24		10,023
	7,308	FGLMC		4.500		11/01/24		7,835
	28,991	FGLMC		4.500		12/01/24		31,192
	20,274	FGLMC		4.500		02/01/25		21,812
	435,196	FGLMC		4.000		03/01/25		462,623
	12,015	FGLMC		4.500		06/01/25		12,901
	20,519	FGLMC		4.500		07/01/25		21,755
	476,910	FGLMC		3.500		10/01/25		505,444
	241,538	FGLMC		4.000		10/01/25		256,879
	806,739	FGLMC		3.500		11/01/25		855,114
	493,448	FGLMC		3.500		11/01/25		523,090
	220,753	FGLMC		3.500		12/01/25		233,986
	142,284	FGLMC		3.000		01/01/26		149,808
	1,631,781	FGLMC		3.500		01/01/26		1,729,597
	140,899	FGLMC		4.000		04/01/26		150,127
	283,958	FGLMC		4.000		05/01/26		302,736
	66,021	FGLMC		5.500		07/01/26		73,487
	934,073	FGLMC		4.000		08/01/26		995,830
	5,492	FGLMC		6.000		08/01/26		6,236
	272,773	FGLMC		3.000		09/01/26		286,740
	720,013	FGLMC		3.000		10/01/26		757,158
	966,880	FGLMC		3.500		10/01/26		1,025,079
	30,305	FGLMC		5.000		10/01/26		33,424
	8,404	FGLMC		5.500		10/01/26		9,354
	4,206,239	FGLMC		3.000		02/01/27		4,422,682
	2,372,966	FGLMC		2.500		05/01/27		2,458,333
	2,415,193	FGLMC		2.500		11/01/27		2,502,100
	100,490	FGLMC		6.000		12/01/27		114,116
	1,948,882	FGLMC		2.500		01/01/28		2,018,389
	4,982,072	FGLMC		2.500		03/01/28		5,159,882
	124,977	FGLMC		5.000		03/01/28		137,840
	2,700,148	FGLMC		2.500		05/01/28		2,796,400
	13,706	FGLMC		5.500		05/01/28		15,258
	7,381,098	FGLMC		2.500		07/01/28		7,644,495
	7,006,566	FGLMC		2.500		07/01/28		7,256,320
	1,914,081	FGLMC		3.000		10/01/28		2,010,470
	106	FGLMC		6.500		10/01/28		121
	103,509	FGLMC		5.500		01/01/29		115,209
	2,975	FGLMC		6.500		01/01/29		3,418
	16,716	FGLMC		4.000		02/01/29		17,987
	3,836,159	FGLMC		3.500		03/01/29		4,061,929
	972	FGLMC		6.500		03/01/29		1,147
	101,081	FGLMC		4.500		04/01/29		110,173

121

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	7,287,416	FGLMC		3.000	%	07/01/29	$	7,653,188
	14,103	FGLMC		6.500		07/01/29		16,202
	29,907	FGLMC		5.000		12/01/29		32,985
	17,783,447	FGLMC		2.500		05/01/30		18,407,736
	47,220	FGLMC		4.000		08/01/30		51,011
	284,054	FGLMC		4.500		01/01/31		312,062
	661	FGLMC		8.000		01/01/31		769
	331,575	FGLMC		4.000		03/01/31		358,180
	39,526	FGLMC		4.000		05/01/31		42,708
	304,834	FGLMC		4.500		05/01/31		334,798
	136,720	FGLMC		4.000		06/01/31		147,727
	404,027	FGLMC		4.000		08/01/31		436,471
	387,698	FGLMC		4.000		09/01/31		418,914
	5,321	FGLMC		6.500		09/01/31		6,373
	15,189	FGLMC		8.000		09/01/31		17,814
	189,259	FGLMC		3.500		11/01/31		202,777
	63,916	FGLMC		7.000		12/01/31		74,372
	26,360	FGLMC		6.500		01/01/32		30,839
	60,859	FGLMC		6.000		02/01/32		70,287
	2,863,583	FGLMC		3.000		03/01/32		3,014,670
	25,049	FGLMC		7.000		04/01/32		29,613
	20,506	FGLMC		6.500		05/01/32		23,778
	2,107,994	FGLMC		3.500		09/01/32		2,259,291
	18,017	FGLMC		5.500		11/01/32		20,345
	21,559	FGLMC		6.000		02/01/33		24,821
	84,228	FGLMC		5.000		03/01/33		93,698
	60,101	FGLMC		6.000		03/01/33		68,483
	35,791	FGLMC		6.000		03/01/33		40,650
	6,144	FGLMC		6.000		03/01/33		6,976
	43,861	FGLMC		5.000		04/01/33		48,486
	9,616	FGLMC		6.000		04/01/33		11,099
	633,949	FGLMC		5.000		06/01/33		708,042
	191,172	FGLMC		5.500		06/01/33		216,337
	3,680,882	FGLMC		3.500		07/01/33		3,929,218
	78,958	FGLMC		4.500		07/01/33		86,441
	6,398	FGLMC		5.000		08/01/33		7,118
	87,340	FGLMC		5.000		08/01/33		96,330
	25,602	FGLMC		6.500		08/01/33		30,669
	254,050	FGLMC		5.000		09/01/33		284,864
	35,909	FGLMC		5.500		09/01/33		39,995
	111,915	FGLMC		5.500		09/01/33		127,478
	132,646	FGLMC		5.500		09/01/33		152,992
	110,908	FGLMC		5.500		09/01/33		126,467
	52,274	FGLMC		4.000		10/01/33		56,148
	15,411	FGLMC		5.000		10/01/33		16,997
	163,954	FGLMC		5.500		10/01/33		186,884
	42,848	FGLMC		5.500		12/01/33		48,381
	143,711	FGLMC		5.500		12/01/33		162,621
	507,530	FGLMC		7.000		12/01/33		614,243
	405,875	FGLMC		5.000		01/01/34		454,326
	9,853	FGLMC		5.500		02/01/34		11,158
	51,107	FGLMC		5.000		03/01/34		56,662

122

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	59,368	FGLMC		5.500	%	03/01/34	$	67,236
	137,491	FGLMC		5.000		05/01/34		152,635
	67,076	FGLMC		4.500		06/01/34		73,422
	102,793	FGLMC		5.000		06/01/34		113,373
	47,766	FGLMC		5.500		06/01/34		53,852
	28,020	FGLMC		6.000		06/01/34		32,300
	94,287	FGLMC		6.000		09/01/34		108,907
	7,954,451	FGLMC		3.500		10/01/34		8,466,339
	12,559	FGLMC		5.000		11/01/34		14,001
	486,318	FGLMC		5.500		11/01/34		547,546
	360,032	FGLMC		5.000		12/01/34		398,726
	74,022	FGLMC		5.500		12/01/34		83,819
	26,187	FGLMC		5.500		12/01/34		29,513
	7,372	FGLMC		5.500		01/01/35		8,332
	34,141	FGLMC		5.500		01/01/35		38,430
	3,744	FGLMC		5.500		01/01/35		4,228
	180,346	FGLMC		4.500		04/01/35		197,175
	191,627	FGLMC		6.000		05/01/35		218,503
	24,248	FGLMC		6.000		05/01/35		27,931
	179,850	FGLMC		7.000		05/01/35		216,762
	38,039	FGLMC		5.500		06/01/35		42,980
	23,843	FGLMC		5.500		06/01/35		26,945
	12,714	FGLMC		5.000		07/01/35		14,023
	687,164	FGLMC		5.000		07/01/35		760,708
	37,983	FGLMC		6.000		07/01/35		43,135
	984,184	FGLMC		5.000		08/01/35		1,092,829
	43,313	FGLMC		5.500		08/01/35		48,245
	95,656	FGLMC		6.000		08/01/35		108,589
	13,616	FGLMC		4.500		09/01/35		14,900
	137,443	FGLMC		5.000		10/01/35		153,390
	83,389	FGLMC		5.000		10/01/35		92,268
	22,289	FGLMC		5.000		10/01/35		24,658
	502,749	FGLMC		5.500		10/01/35		565,931
	87,011	FGLMC		5.000		12/01/35		96,403
	15,965	FGLMC		5.000		12/01/35		17,700
	52,339	FGLMC		6.000		01/01/36		60,361
	30,667	FGLMC		5.000		02/01/36		34,069
	12,542	FGLMC		5.000		02/01/36		13,909
	14,053	FGLMC		6.000		02/01/36		15,959
	210,352	FGLMC		5.500		04/01/36		238,180
	24,724	FGLMC		5.500		05/01/36		27,843
	690	FGLMC		6.500		05/01/36		793
	574,201	FGLMC		6.000		06/01/36		658,852
	128,250	FGLMC		5.000		07/01/36		142,329
	160,272	FGLMC		6.000		07/01/36		185,101
	19,911	FGLMC		6.000		08/01/36		22,693
	11,451	FGLMC		6.000		09/01/36		13,007
	595,605	FGLMC		5.500		10/01/36		666,719
	417,084	FGLMC		5.500		10/01/36		467,003
	72,431	FGLMC		6.500		10/01/36		88,517
	25,003	FGLMC		5.500		11/01/36		28,011
	60,288	FGLMC		6.000		11/01/36		69,147

123

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	349,278	FGLMC		6.000	%	12/01/36	$	401,672
	457,639	FGLMC		5.500		03/01/37		514,334
	183,803	FGLMC		6.000		03/01/37		209,972
	26,162	FGLMC		6.500		03/01/37		30,295
	187,030	FGLMC		5.500		04/01/37		209,943
	21,986	FGLMC		5.000		05/01/37		24,344
	20,333	FGLMC		5.000		06/01/37		22,426
	85,083	FGLMC		5.500		06/01/37		95,440
	333,766	FGLMC		6.000		07/01/37		379,942
	112,075	FGLMC		6.000		08/01/37		127,760
	56,596	FGLMC		6.000		09/01/37		65,747
	539,009	FGLMC		5.500		10/01/37		608,227
	18,469	FGLMC		6.000		11/01/37		21,068
	145,532	FGLMC		6.500		11/01/37		167,196
	63,254	FGLMC		6.000		01/01/38		71,969
	217,180	FGLMC		6.000		02/01/38		247,980
	27,402	FGLMC		6.000		02/01/38		31,181
	291,697	FGLMC		5.000		03/01/38		322,292
	874,633	FGLMC		5.000		03/01/38		968,846
	339,819	FGLMC		5.000		04/01/38		379,842
	33,845	FGLMC		5.000		04/01/38		38,015
	427,322	FGLMC		5.500		04/01/38		478,884
	93,534	FGLMC		5.500		05/01/38		105,035
	11,173	FGLMC		5.500		06/01/38		12,549
	25,278	FGLMC		6.000		07/01/38		28,858
	48,340	FGLMC		5.500		08/01/38		54,407
	365,640	FGLMC		5.500		08/01/38		410,215
	44,318	FGLMC		5.000		09/01/38		48,880
	574,637	FGLMC		5.500		09/01/38		645,127
	189,393	FGLMC		5.500		09/01/38		213,257
	10,953	FGLMC		5.500		10/01/38		12,339
	219,582	FGLMC		6.000		11/01/38		250,051
	1,577,266	FGLMC		5.500		01/01/39		1,773,974
	1,321,417	FGLMC		4.500		02/01/39		1,443,354
	633,460	FGLMC		5.000		02/01/39		698,662
	44,498	FGLMC		5.500		02/01/39		49,815
	6,244	FGLMC		4.500		03/01/39		6,805
	228,016	FGLMC		5.000		03/01/39		253,008
	32,919	FGLMC		6.000		03/01/39		37,493
	1,631,486	FGLMC		4.500		04/01/39		1,803,671
	41,932	FGLMC		4.500		04/01/39		46,772
	448,205	FGLMC		4.000		05/01/39		480,915
	5,470,501	FGLMC		4.500		05/01/39		6,024,266
	740,710	FGLMC		4.500		05/01/39		808,266
	12,268	FGLMC		4.500		05/01/39		13,444
	245,309	FGLMC		4.500		05/01/39		268,753
	235,616	FGLMC		5.000		05/01/39		261,683
	540,396	FGLMC		4.000		06/01/39		578,203
	96,232	FGLMC		4.500		06/01/39		104,911
	2,597,694	FGLMC		4.500		06/01/39		2,844,596
	35,403	FGLMC		5.000		06/01/39		39,246
	18,152	FGLMC		5.500		06/01/39		20,438

124

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	788,222	FGLMC		4.000	%	07/01/39	$	846,134
	31,126	FGLMC		4.500		07/01/39		34,121
	64,791	FGLMC		4.500		07/01/39		70,876
	361,174	FGLMC		4.500		07/01/39		395,345
	209,617	FGLMC		5.000		07/01/39		231,284
	308,268	FGLMC		5.500		07/01/39		346,393
	29,980	FGLMC		4.500		08/01/39		32,875
	73,629	FGLMC		5.000		08/01/39		81,228
	281,106	FGLMC		4.000		09/01/39		300,844
	1,653,375	FGLMC		5.000		09/01/39		1,823,556
	561,282	FGLMC		5.000		09/01/39		623,646
	14,694	FGLMC		5.500		09/01/39		16,368
	695,737	FGLMC		6.500		09/01/39		799,304
	242,726	FGLMC		4.500		10/01/39		266,125
	91,804	FGLMC		4.500		10/01/39		102,448
	121,514	FGLMC		4.500		10/01/39		135,579
	41,979	FGLMC		4.000		11/01/39		45,125
	166,066	FGLMC		4.500		11/01/39		181,613
	15,851	FGLMC		5.000		11/01/39		17,482
	59,019	FGLMC		5.000		11/01/39		65,110
	143,479	FGLMC		4.500		12/01/39		157,492
	513,663	FGLMC		4.500		12/01/39		569,110
	176,579	FGLMC		4.500		12/01/39		192,971
	301,285	FGLMC		4.500		12/01/39		330,746
	248,676	FGLMC		5.500		12/01/39		279,703
	316,816	FGLMC		4.500		01/01/40		346,137
	28,581	FGLMC		5.000		01/01/40		31,949
	50,517	FGLMC		5.500		01/01/40		56,402
	98,970	FGLMC		5.500		03/01/40		111,129
	1,530,808	FGLMC		4.000		04/01/40		1,645,829
	59,224	FGLMC		4.500		04/01/40		65,616
	241,925	FGLMC		4.500		04/01/40		265,690
	363,476	FGLMC		5.000		04/01/40		402,192
	171,220	FGLMC		5.000		04/01/40		188,942
	1,330,195	FGLMC		6.000		04/01/40		1,518,998
	3,864,867	FGLMC		4.500		05/01/40		4,241,778
	2,436,804	FGLMC		5.000		05/01/40		2,712,925
	8,540	FGLMC		4.500		06/01/40		9,311
	957,171	FGLMC		5.500		06/01/40		1,077,231
	1,900,562	FGLMC		4.500		07/01/40		2,087,150
	37,096	FGLMC		4.500		08/01/40		40,752
	412,861	FGLMC		5.000		08/01/40		455,946
	978,859	FGLMC		5.000		08/01/40		1,086,019
	96,814	FGLMC		5.000		08/01/40		107,021
	5,521,465	FGLMC		5.500		08/01/40		6,194,729
	541,134	FGLMC		4.000		09/01/40		581,706
	5,515,277	FGLMC		4.000		11/01/40		5,974,038
	3,182,749	FGLMC		4.000		12/01/40		3,447,548
	728,821	FGLMC		3.500		01/01/41		769,703
	953,054	FGLMC		3.500		01/01/41		1,006,444
	568,900	FGLMC		4.000		01/01/41		611,565
	546,075	FGLMC		3.500		02/01/41		576,731

125

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	2,308,378	FGLMC		4.000	%	02/01/41	$	2,481,515
	815,548	FGLMC		4.000		02/01/41		876,720
	3,345,947	FGLMC		4.000		04/01/41		3,597,281
	651,901	FGLMC		4.500		04/01/41		716,200
	154,745	FGLMC		5.000		04/01/41		171,474
	654,155	FGLMC		4.500		05/01/41		718,595
	734,880	FGLMC		4.500		06/01/41		805,835
	1,906,210	FGLMC		3.500		10/01/41		2,013,208
	1,547,732	FGLMC		5.000		10/01/41		1,715,060
	2,244,992	FGLMC		3.500		11/01/41		2,386,338
	978,310	FGLMC		4.500		12/01/41		1,076,385
	7,936,887	FGLMC		3.500		01/01/42		8,384,306
	2,380,919	FGLMC		3.500		02/01/42		2,515,241
	3,015,821	FGLMC		3.500		04/01/42		3,185,503
	5,050,329	FGLMC		4.000		05/01/42		5,475,105
	3,440,061	FGLMC		3.500		07/01/42		3,656,668
	928,660	FGLMC		3.000		08/01/42		965,142
	3,698,456	FGLMC		3.000		10/01/42		3,843,054
	5,517,004	FGLMC		3.000		10/01/42		5,732,341
	1,663,059	FGLMC		3.500		12/01/42		1,754,539
	4,582,201	FGLMC		2.500		01/01/43		4,628,207
	10,298,118	FGLMC		3.000		01/01/43		10,698,469
	15,725,751	FGLMC		3.000		04/01/43		16,333,761
	5,670,847	FGLMC		3.500		05/01/43		5,982,044
	6,148,830	FGLMC		3.000		08/01/43		6,383,406
	4,104,567	FGLMC		3.000		08/01/43		4,261,157
	5,915,389	FGLMC		3.500		08/01/43		6,239,572
	3,242,274	FGLMC		4.500		10/01/43		3,544,663
	4,172,338	FGLMC		4.000		11/01/43		4,467,812
	6,937,283	FGLMC		3.500		02/01/44		7,316,770
	5,935,358	FGLMC		4.000		02/01/44		6,355,318
	2,962,200	FGLMC		4.000		04/01/44		3,171,610
	3,724,728	FGLMC		4.500		05/01/44		4,062,413
	6,768,337	FGLMC		4.000		06/01/44		7,241,136
	10,258,097	FGLMC		4.000		08/01/44		10,977,098
	7,458,170	FGLMC		3.500		09/01/44		7,866,151
	9,062,592	FGLMC		3.500		11/01/44		9,558,339
	13,107,296	FGLMC		3.500		12/01/44		13,828,727
	8,196,631	FGLMC		3.500		01/01/45		8,645,007
	13,402,294	FGLMC		3.000		02/01/45		13,904,132
	17,725,182	FGLMC		3.500		03/01/45		18,694,795
	12,183,318	FGLMC		4.000		03/01/45		13,045,424
	5,988,385	FGLMC		3.000		04/01/45		6,212,615
	13,765,177	FGLMC		3.500		04/01/45		14,583,751
	13,992,831	FGLMC		4.000		11/01/45		14,983,569
	23,997,547	FGLMC		3.500		12/01/45		25,352,463
	19,555,483	FGLMC		3.500		03/01/46		20,659,851
	9,813,800	FGLMC		4.000		03/01/46		10,509,360
	34,797,996	FGLMC		3.000		04/01/46		36,100,978
	227	Federal National Mortgage Association (FNMA)		5.500		09/01/16		228
	53	FNMA		6.500		10/01/16		53
	2,110	FNMA		6.500		11/01/16		2,120

126

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	2,186	FNMA		6.500	%	04/01/17	$	2,214
	2,359	FNMA		6.000		05/01/17		2,389
	12,180	FNMA		5.000		09/01/17		12,499
	1,138	FNMA		6.000		11/01/17		1,153
	29,619	FNMA		5.000		12/01/17		30,417
	2,163	FNMA		5.000		12/01/17		2,224
	86,097	FNMA		5.000		12/01/17		88,363
	226,976	FNMA		5.000		01/01/18		233,059
	225,293	FNMA		4.500		02/01/18		231,023
	35,102	FNMA		4.500		04/01/18		35,997
	6,842	FNMA		5.000		04/01/18		7,027
	5,443	FNMA		5.500		04/01/18		5,580
	61,954	FNMA		5.500		04/01/18		63,818
	1,659	FNMA		5.500		05/01/18		1,670
	127,342	FNMA		4.500		06/01/18		130,601
	150,516	FNMA		4.000		08/01/18		155,901
	13,471	FNMA		4.000		08/01/18		13,953
	34,584	FNMA		4.500		09/01/18		35,491
	25,444	FNMA		4.500		10/01/18		26,119
	95,507	FNMA		5.000		11/01/18		98,652
	1,330	FNMA		5.000		01/01/19		1,367
	4,379	FNMA		6.000		01/01/19		5,001
	9,222	FNMA		4.500		05/01/19		9,461
	23,600	FNMA		4.500		06/01/19		24,275
	4,549	FNMA		4.500		06/01/19		4,674
	19,323	FNMA		5.000		07/01/19		19,848
	139,559	FNMA		5.000		10/01/19		143,939
	16,978	FNMA		4.500		11/01/19		17,465
	15,774	FNMA		4.500		12/01/19		16,233
	13,752	FNMA		5.000		03/01/20		14,136
	6,974	FNMA		5.000		04/01/20		7,335
	11,668	FNMA		4.500		06/01/20		12,006
	8,752	FNMA		4.500		09/01/20		9,005
	10,463	FNMA		4.500		10/01/20		10,883
	13,533	FNMA		4.500		11/01/20		14,007
	29,796	FNMA		5.000		12/01/20		31,373
	37,206	FNMA		5.500		01/01/21		38,018
	609,866	FNMA		5.500		01/01/21		635,030
	25,532	FNMA		5.000		03/01/21		26,346
	26,264	FNMA		5.500		08/01/21		28,203
	6,925	FNMA		6.000		08/01/21		7,413
	5,123	FNMA		5.000		10/01/21		5,476
	10,219	FNMA		5.000		11/01/21		10,580
	4,979	FNMA		5.500		11/01/21		5,321
	17,691	FNMA		5.500		10/01/22		19,229
	7,746	FNMA		6.000		10/01/22		8,375
	4,984	FNMA		5.000		03/01/23		5,355
	11,985	FNMA		4.500		04/01/23		12,404
	136,124	FNMA		4.500		06/01/23		146,061
	11,390	FNMA		5.000		06/01/23		12,173
	13,753	FNMA		5.500		06/01/23		15,437
	26,079	FNMA		5.000		07/01/23		27,746

127

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	138,122	FNMA		5.000	%	07/01/23	$	147,283
	12,438	FNMA		5.500		08/01/23		13,516
	26,202	FNMA		5.000		11/01/23		29,065
	7,805	FNMA		5.500		11/01/23		8,337
	311,031	FNMA		5.500		01/01/24		336,266
	26,481	FNMA		5.500		02/01/24		29,728
	124,623	FNMA		4.000		03/01/24		132,859
	9,404	FNMA		4.500		04/01/24		10,008
	141,277	FNMA		4.000		05/01/24		150,598
	521,491	FNMA		4.000		05/01/24		555,882
	11,598	FNMA		4.000		06/01/24		12,358
	14,531	FNMA		4.500		07/01/24		15,695
	13,199	FNMA		5.500		07/01/24		14,816
	297	FNMA		8.000		07/01/24		352
	82,285	FNMA		4.500		08/01/24		88,457
	301,711	FNMA		4.000		09/01/24		321,607
	72,759	FNMA		4.000		09/01/24		77,411
	30,052	FNMA		4.500		09/01/24		32,016
	665,534	FNMA		4.500		10/01/24		716,778
	34,972	FNMA		5.000		01/01/25		38,793
	61,596	FNMA		4.500		02/01/25		66,273
	10,425	FNMA		4.500		03/01/25		11,221
	500,597	FNMA		4.500		03/01/25		538,297
	142,888	FNMA		5.000		03/01/25		158,502
	146,474	FNMA		4.500		04/01/25		158,035
	324,603	FNMA		4.500		04/01/25		345,921
	1,587,260	FNMA		4.000		05/01/25		1,692,182
	518,621	FNMA		4.000		06/01/25		552,828
	415,574	FNMA		4.500		06/01/25		447,411
	156,223	FNMA		4.000		08/01/25		166,546
	66,201	FNMA		5.500		08/01/25		75,069
	790,466	FNMA		3.500		09/01/25		838,087
	794,717	FNMA		4.000		09/01/25		847,285
	850,237	FNMA		3.500		10/01/25		901,459
	1,022,599	FNMA		3.500		10/01/25		1,084,588
	304,183	FNMA		5.000		10/01/25		337,455
	607,168	FNMA		4.000		11/01/25		647,473
	940,269	FNMA		3.500		12/01/25		996,986
	4,146,347	FNMA		3.500		02/01/26		4,396,844
	669,167	FNMA		3.500		02/01/26		709,569
	203,871	FNMA		4.000		03/01/26		217,447
	568,803	FNMA		4.000		06/01/26		606,330
	564,322	FNMA		3.500		08/01/26		598,435
	425,346	FNMA		3.500		09/01/26		451,109
	234,854	FNMA		4.000		09/01/26		250,393
	648,844	FNMA		3.500		10/01/26		688,064
	13,549	FNMA		6.000		10/01/26		15,473
	959,180	FNMA		3.000		11/01/26		1,007,234
	812,434	FNMA		3.000		12/01/26		853,289
	2,202,545	FNMA		3.000		01/01/27		2,313,751
	3,069,386	FNMA		4.000		01/01/27		3,261,313
	1,621,974	FNMA		3.500		02/01/27		1,719,690

128

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	1,593,454	FNMA		3.000	%	04/01/27	$	1,673,479
	2,605,046	FNMA		3.000		04/01/27		2,736,734
	1,002,111	FNMA		3.500		05/01/27		1,063,422
	994,982	FNMA		2.500		06/01/27		1,032,519
	2,768,427	FNMA		3.000		06/01/27		2,908,169
	1,168,646	FNMA		2.500		07/01/27		1,212,683
	2,393,763	FNMA		2.500		09/01/27		2,483,805
	35,437	FNMA		5.500		09/01/27		39,769
	4,151,798	FNMA		2.500		10/01/27		4,308,426
	2,598,379	FNMA		3.000		11/01/27		2,728,685
	4,929	FNMA		5.500		01/01/28		5,534
	9,476,446	FNMA		2.500		02/01/28		9,864,895
	7,279,895	FNMA		2.500		02/01/28		7,555,556
	4,181	FNMA		5.000		02/01/28		4,638
	5,399,814	FNMA		2.500		04/01/28		5,603,732
	8,031,668	FNMA		2.500		04/01/28		8,335,815
	22,169	FNMA		5.500		06/01/28		24,890
	2,097,842	FNMA		2.500		07/01/28		2,177,064
	4,294,807	FNMA		2.500		08/01/28		4,457,010
	6,268,877	FNMA		3.000		10/01/28		6,582,560
	3,836	FNMA		5.500		11/01/28		4,308
	21	FNMA		7.500		01/01/29		24
	7,600,583	FNMA		3.000		03/01/29		7,973,526
	34,323	FNMA		4.000		03/01/29		36,815
	112,707	FNMA		4.500		04/01/29		122,937
	401	FNMA		6.500		04/01/29		462
	86,843	FNMA		4.000		05/01/29		93,676
	44,610	FNMA		4.500		06/01/29		48,659
	15,486	FNMA		4.000		07/01/29		16,703
	3,206	FNMA		7.500		07/01/29		3,310
	299,882	FNMA		4.500		08/01/29		327,101
	54,907	FNMA		4.500		09/01/29		59,890
	48,895	FNMA		4.500		11/01/29		54,413
	15,251	FNMA		4.500		01/01/30		16,636
	4,209,081	FNMA		2.500		02/01/30		4,358,888
	41,256	FNMA		4.000		03/01/30		44,664
	17,278	FNMA		4.500		05/01/30		18,849
	24,710	FNMA		4.500		06/01/30		26,953
	8,983,541	FNMA		3.000		07/01/30		9,424,342
	221,181	FNMA		4.500		08/01/30		241,257
	45,881	FNMA		4.000		09/01/30		49,667
	260,966	FNMA		4.000		10/01/30		282,491
	2,678,313	FNMA		4.000		11/01/30		2,899,606
	418,631	FNMA		4.000		11/01/30		453,286
	104,512	FNMA		4.500		12/01/30		114,717
	9,562,392	FNMA		3.000		02/01/31		10,031,596
	139,703	FNMA		3.500		02/01/31		148,293
	158,393	FNMA		4.000		02/01/31		171,471
	264	FNMA		7.500		02/01/31		275
	1,220	FNMA		7.500		03/01/31		1,527
	9,829,365	FNMA		2.500		04/01/31		10,179,206
	407,280	FNMA		3.500		04/01/31		432,291

129

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	48,342	FNMA		4.000	%	04/01/31	$	52,334
	4,562	FNMA		6.000		05/01/31		5,265
	380	FNMA		7.500		05/01/31		384
	9,942,691	FNMA		2.500		06/01/31		10,296,566
	1,489,571	FNMA		4.500		07/01/31		1,660,683
	248,697	FNMA		4.500		07/01/31		272,895
	1,458,920	FNMA		4.000		08/01/31		1,579,556
	102,111	FNMA		4.000		09/01/31		110,554
	377	FNMA		6.500		09/01/31		434
	43,159	FNMA		6.000		11/01/31		49,908
	5,395	FNMA		6.500		11/01/31		6,397
	2,642,296	FNMA		3.500		01/01/32		2,813,494
	12,346	FNMA		6.000		01/01/32		14,100
	15,833	FNMA		6.000		01/01/32		18,317
	1,102,498	FNMA		3.500		02/01/32		1,174,096
	14,085	FNMA		6.000		02/01/32		16,292
	44,756	FNMA		6.500		04/01/32		53,964
	88,932	FNMA		6.500		07/01/32		104,923
	11,739	FNMA		6.500		08/01/32		14,154
	1,112,605	FNMA		3.000		09/01/32		1,172,805
	134,147	FNMA		6.000		09/01/32		153,196
	30,859	FNMA		7.500		09/01/32		35,814
	3,270,972	FNMA		3.000		10/01/32		3,448,109
	57,336	FNMA		5.500		10/01/32		64,928
	41,294	FNMA		6.000		10/01/32		47,167
	19,595	FNMA		6.000		11/01/32		22,662
	2,437	FNMA		5.500		12/01/32		2,744
	27,706	FNMA		5.500		12/01/32		31,416
	43,019	FNMA		6.000		12/01/32		49,755
	211,398	FNMA		5.500		01/01/33		239,637
	437,303	FNMA		6.000		01/01/33		505,453
	231,192	FNMA		5.000		02/01/33		258,094
	14,118	FNMA		5.000		02/01/33		15,757
	2,204,009	FNMA		3.000		04/01/33		2,323,374
	3,015,511	FNMA		3.500		04/01/33		3,211,668
	10,888	FNMA		6.000		04/01/33		12,623
	1,490,841	FNMA		5.500		05/01/33		1,690,700
	85,268	FNMA		5.000		06/01/33		95,174
	180,612	FNMA		5.500		06/01/33		204,833
	25,098	FNMA		4.500		07/01/33		27,499
	75,821	FNMA		5.000		07/01/33		84,596
	9,922	FNMA		4.500		08/01/33		10,822
	167,051	FNMA		4.500		08/01/33		182,992
	37,660	FNMA		5.000		08/01/33		42,026
	60,604	FNMA		5.500		09/01/33		68,057
	261,394	FNMA		5.500		09/01/33		297,831
	22,907	FNMA		6.000		09/01/33		26,476
	241,159	FNMA		4.500		10/01/33		265,234
	39,072	FNMA		5.000		10/01/33		43,610
	42,611	FNMA		5.000		10/01/33		47,553
	277,818	FNMA		5.500		10/01/33		318,238
	863,686	FNMA		5.500		10/01/33		996,992

130

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	17,277		FNMA		4.500	%	11/01/33	$	18,932
	45,022		FNMA		5.000		11/01/33		50,247
	3,128,780		FNMA		5.000		11/01/33		3,492,034
	362,085		FNMA		5.000		12/01/33		404,157
	448,855		FNMA		5.500		12/01/33		514,902
	4,267,790		FNMA		3.000		01/01/34		4,497,442
	138,172		FNMA		5.000		02/01/34		154,218
	560,483		FNMA		6.000		02/01/34		650,843
	828,047		FNMA		5.000		03/01/34		924,260
	11,911		FNMA		5.000		03/01/34		13,295
	18,971		FNMA		5.000		03/01/34		21,175
	42,597		FNMA		5.000		03/01/34		47,544
	14,551		FNMA		5.000		03/01/34		16,241
	34,784		FNMA		5.000		03/01/34		38,821
	115,141		FNMA		5.000		04/01/34		128,243
	124,423		FNMA		5.500		04/01/34		141,148
	28,204		FNMA		4.500		05/01/34		30,919
	82,865		FNMA		4.500		05/01/34		90,775
	28,582		FNMA		5.500		07/01/34		32,458
	44,313		FNMA		5.500		07/01/34		50,300
	41,748		FNMA		7.000		07/01/34		48,845
	39,358		FNMA		5.000		08/01/34		43,911
	344,069		FNMA		5.000		08/01/34		383,819
	32,659		FNMA		6.000		08/01/34		37,892
	188,758		FNMA		6.000		08/01/34		218,631
	19,817		FNMA		4.500		09/01/34		21,808
	703,106		FNMA		5.500		09/01/34		798,477
	6,847		FNMA		5.500		11/01/34		7,767
	10,761		FNMA		6.000		11/01/34		12,292
	10,912		FNMA		5.000		12/01/34		12,175
	6,638		FNMA		5.500		12/01/34		7,539
	18,684		FNMA		6.000		12/01/34		21,619
	993,108		FNMA		4.500		01/01/35		1,092,499
	57,130		FNMA		5.500		01/01/35		64,114
	90,191		FNMA		5.500		02/01/35		102,327
	2,177,218		FNMA		5.500		02/01/35		2,468,031
	573,428		FNMA		5.500		04/01/35		650,804
	79,972		FNMA		6.000		04/01/35		92,501
	87,249		FNMA		6.000		04/01/35		100,441
	26,048		FNMA		5.500		05/01/35		29,233
	141,515		FNMA		6.000		05/01/35		163,455
	36,429		FNMA		5.000		06/01/35		40,631
	4,330	i	FNMA		2.411		07/01/35		4,592
	102,691		FNMA		5.000		07/01/35		115,327
	9,382,933		FNMA		3.000		08/01/35		9,846,401
	219,601		FNMA		4.500		08/01/35		241,146
	146,576		FNMA		5.000		08/01/35		162,659
	298,652		FNMA		5.000		08/01/35		332,109
	9,035		FNMA		4.500		09/01/35		9,886
	11,382		FNMA		4.500		09/01/35		12,516
	25,207		FNMA		5.500		09/01/35		28,628
	185,861		FNMA		5.000		10/01/35		206,649

131

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	348,538		FNMA		5.500	%	10/01/35	$	399,942
	7,162		FNMA		5.000		11/01/35		7,648
	384,318		FNMA		5.500		11/01/35		434,109
	4,195		FNMA		4.500		12/01/35		4,593
	53,521		FNMA		5.500		12/01/35		60,064
	202,761		FNMA		6.000		12/01/35		231,558
	123,934	i	FNMA		2.606		02/01/36		129,715
	801,483		FNMA		5.000		02/01/36		891,900
	104,214		FNMA		6.500		02/01/36		119,937
	352,583		FNMA		6.000		03/01/36		403,654
	7,184		FNMA		5.000		05/01/36		7,984
	601,565		FNMA		6.000		06/01/36		694,587
	137,682	i	FNMA		2.356		07/01/36		144,774
	31,214		FNMA		6.000		07/01/36		35,980
	211,947		FNMA		6.500		07/01/36		259,910
	496,192		FNMA		5.500		08/01/36		562,517
	310,212		FNMA		6.500		08/01/36		367,864
	23,410		FNMA		5.500		09/01/36		26,542
	11,545		FNMA		6.500		09/01/36		13,286
	40,447		FNMA		6.500		09/01/36		46,549
	50,764		FNMA		6.000		10/01/36		58,081
	24,119		FNMA		6.500		11/01/36		27,910
	11,150	i	FNMA		2.600		12/01/36		11,773
	145,512		FNMA		6.000		12/01/36		166,653
	36,038	i	FNMA		2.755		01/01/37		38,133
	61,156		FNMA		5.500		01/01/37		68,940
	6,834	i	FNMA		2.244		02/01/37		7,111
	446,966		FNMA		5.500		02/01/37		503,496
	21,216		FNMA		6.000		02/01/37		24,313
	33,675		FNMA		7.000		02/01/37		40,017
	12,782	i	FNMA		2.846		03/01/37		13,595
	2,487		FNMA		5.000		03/01/37		2,759
	155,515		FNMA		6.500		03/01/37		178,977
	75,267		FNMA		6.500		03/01/37		88,128
	1,751	i	FNMA		5.810		04/01/37		1,811
	113,893		FNMA		7.000		04/01/37		137,958
	132,388		FNMA		5.000		05/01/37		146,854
	3,640		FNMA		7.000		05/01/37		3,991
	43,529	i	FNMA		2.868		06/01/37		46,070
	40,847		FNMA		5.500		06/01/37		46,044
	41,215		FNMA		5.500		08/01/37		46,793
	16,747		FNMA		6.000		08/01/37		19,161
	22,333		FNMA		6.500		08/01/37		25,703
	76,207		FNMA		6.500		08/01/37		87,704
	16,810		FNMA		5.500		09/01/37		18,865
	289,418		FNMA		6.000		09/01/37		335,782
	62,217		FNMA		6.000		09/01/37		71,172
	104,242		FNMA		6.000		09/01/37		121,676
	229,157		FNMA		6.000		09/01/37		267,462
	84,282		FNMA		6.000		09/01/37		98,285
	9,050		FNMA		6.500		09/01/37		10,416
	75,700		FNMA		6.500		09/01/37		87,640

132

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	402,404	i	FNMA		2.527	%	10/01/37	$	425,947
	29,061		FNMA		6.500		10/01/37		33,445
	308,840		FNMA		5.500		11/01/37		347,020
	563,303		FNMA		6.000		11/01/37		644,166
	36,500		FNMA		7.000		11/01/37		44,398
	2,643		FNMA		6.500		01/01/38		3,042
	167,821		FNMA		5.500		02/01/38		188,338
	29,439		FNMA		6.500		02/01/38		33,880
	31,230		FNMA		7.000		02/01/38		37,444
	55,935	i	FNMA		2.895		03/01/38		59,054
	16,500		FNMA		5.000		03/01/38		18,303
	9,324		FNMA		5.000		03/01/38		10,343
	33,002		FNMA		5.500		03/01/38		37,134
	10,630		FNMA		6.000		03/01/38		12,411
	12,187		FNMA		6.500		03/01/38		14,027
	56,294		FNMA		6.500		03/01/38		64,787
	351,843		FNMA		6.500		03/01/38		409,588
	22,779		FNMA		5.000		04/01/38		25,268
	513,812		FNMA		5.500		04/01/38		578,337
	437,408		FNMA		6.000		04/01/38		500,445
	32,669		FNMA		4.500		05/01/38		35,710
	504,565		FNMA		5.000		05/01/38		559,700
	1,617,131		FNMA		5.000		05/01/38		1,800,366
	1,361,840		FNMA		6.000		06/01/38		1,556,398
	1,995,050		FNMA		6.500		06/01/38		2,328,654
	407,671		FNMA		6.000		07/01/38		466,929
	7,371	i	FNMA		2.352		08/01/38		7,767
	4,555	i	FNMA		2.625		08/01/38		4,809
	1,301,248		FNMA		6.000		09/01/38		1,487,794
	58,158	i	FNMA		2.121		10/01/38		60,800
	5,259		FNMA		6.000		10/01/38		6,006
	37,701		FNMA		5.500		11/01/38		42,397
	6,360		FNMA		5.000		12/01/38		7,055
	1,091,968		FNMA		5.500		12/01/38		1,232,405
	172,082		FNMA		4.500		01/01/39		187,729
	4,615,030		FNMA		5.000		01/01/39		5,119,323
	223,326		FNMA		5.000		01/01/39		247,729
	145,160		FNMA		5.500		01/01/39		163,756
	702,809		FNMA		5.500		01/01/39		790,814
	42,331		FNMA		6.000		01/01/39		48,416
	37,673		FNMA		6.000		01/01/39		43,022
	781,550		FNMA		4.500		02/01/39		853,113
	371,941		FNMA		4.500		02/01/39		406,372
	312,668		FNMA		4.500		02/01/39		341,449
	11,810		FNMA		5.500		02/01/39		13,256
	768,355		FNMA		4.000		04/01/39		825,557
	19,811		FNMA		5.500		04/01/39		22,330
	1,245,287		FNMA		4.500		05/01/39		1,377,329
	243,631		FNMA		4.500		05/01/39		266,073
	275,145		FNMA		4.500		06/01/39		300,479
	696,016		FNMA		4.500		06/01/39		760,409
	543,566		FNMA		5.500		06/01/39		611,195

133

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	15,910	i	FNMA		2.585	%	07/01/39	$	16,841
	185,655		FNMA		4.500		07/01/39		202,773
	124,569		FNMA		4.500		07/01/39		135,887
	20,566		FNMA		5.000		07/01/39		22,860
	174,326	i	FNMA		2.400		08/01/39		183,751
	30,902	i	FNMA		2.482		08/01/39		32,828
	402,693		FNMA		4.000		08/01/39		431,913
	2,700,522		FNMA		4.000		08/01/39		2,897,611
	582,025		FNMA		4.500		08/01/39		635,904
	35,718		FNMA		4.500		08/01/39		39,775
	1,638,480		FNMA		4.500		08/01/39		1,812,379
	2,630,197		FNMA		5.000		08/01/39		2,925,701
	25,973		FNMA		5.000		08/01/39		28,884
	945,410		FNMA		4.000		09/01/39		1,013,993
	56,550		FNMA		5.000		09/01/39		62,882
	384,488		FNMA		5.500		09/01/39		438,620
	216,586		FNMA		6.000		09/01/39		247,533
	921,232		FNMA		6.500		10/01/39		1,060,217
	43,409		FNMA		5.000		11/01/39		48,711
	1,239,790		FNMA		4.000		12/01/39		1,332,323
	109,042		FNMA		4.500		12/01/39		119,913
	281,240		FNMA		4.500		12/01/39		307,408
	4,259,246		FNMA		4.500		12/01/39		4,660,419
	34,935	i	FNMA		3.694		01/01/40		36,636
	73,713		FNMA		4.500		01/01/40		80,649
	87,050		FNMA		5.000		01/01/40		97,327
	558,142		FNMA		6.000		02/01/40		638,065
	363,606		FNMA		4.500		03/01/40		397,704
	788,165		FNMA		4.500		03/01/40		863,510
	41,311		FNMA		5.000		03/01/40		46,120
	36,865		FNMA		4.500		04/01/40		40,399
	1,139,440		FNMA		5.000		04/01/40		1,273,752
	1,376,697		FNMA		5.000		04/01/40		1,532,291
	196,928	i	FNMA		2.758		05/01/40		208,259
	285,031	i	FNMA		2.870		05/01/40		300,010
	87,766	i	FNMA		3.043		05/01/40		92,764
	44,557		FNMA		4.500		05/01/40		49,297
	104,466		FNMA		4.500		07/01/40		114,505
	89,439		FNMA		4.500		07/01/40		97,923
	125,910		FNMA		5.000		07/01/40		140,721
	59,592	i	FNMA		2.555		08/01/40		63,070
	1,097,661		FNMA		4.500		08/01/40		1,202,691
	804,711		FNMA		4.500		08/01/40		881,802
	836,718		FNMA		5.000		08/01/40		931,319
	677,716		FNMA		4.500		09/01/40		742,812
	1,833,781		FNMA		4.500		09/01/40		2,010,397
	1,606,071		FNMA		6.000		09/01/40		1,839,646
	275,229		FNMA		3.500		10/01/40		290,421
	1,257,107		FNMA		4.000		10/01/40		1,352,380
	3,085,959		FNMA		4.000		10/01/40		3,317,611
	1,869,628		FNMA		4.500		10/01/40		2,049,758
	2,192,526		FNMA		3.500		11/01/40		2,318,591

134

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,431,588		FNMA		4.000	%	11/01/40	$	1,539,873
	2,236,914		FNMA		4.000		11/01/40		2,405,994
	2,453,241		FNMA		4.000		11/01/40		2,638,078
	248,161		FNMA		4.500		11/01/40		272,043
	195,709	i	FNMA		3.233		12/01/40		206,727
	745,840		FNMA		4.000		12/01/40		801,927
	5,924,895		FNMA		4.500		12/01/40		6,494,215
	79,324		FNMA		3.500		01/01/41		83,886
	127,450	i	FNMA		2.719		02/01/41		134,438
	450,004		FNMA		3.500		02/01/41		476,045
	2,108,431		FNMA		4.000		02/01/41		2,267,530
	1,954,347		FNMA		4.000		03/01/41		2,101,081
	1,534,702		FNMA		4.500		04/01/41		1,682,286
	2,018,422		FNMA		4.500		05/01/41		2,207,799
	336,320		FNMA		4.500		05/01/41		368,102
	1,181,570		FNMA		4.500		06/01/41		1,295,508
	308,332	i	FNMA		3.074		07/01/41		326,491
	1,405,337		FNMA		4.500		07/01/41		1,540,853
	3,789,900		FNMA		4.000		09/01/41		4,073,914
	2,035,745		FNMA		4.500		09/01/41		2,231,777
	704,225		FNMA		5.500		09/01/41		792,726
	439,606	i	FNMA		2.935		10/01/41		468,239
	110,943	i	FNMA		2.987		10/01/41		115,543
	1,115,065		FNMA		3.500		11/01/41		1,185,475
	1,250,244		FNMA		3.500		11/01/41		1,323,643
	1,141,102	i	FNMA		2.826		12/01/41		1,190,738
	6,940,202		FNMA		3.500		12/01/41		7,349,696
	1,413,008		FNMA		4.000		12/01/41		1,518,772
	3,353,871		FNMA		3.500		03/01/42		3,551,458
	2,369,449		FNMA		4.000		03/01/42		2,546,492
	6,199,632		FNMA		3.500		04/01/42		6,565,180
	2,145,182		FNMA		3.500		04/01/42		2,297,550
	2,862,755		FNMA		4.500		04/01/42		3,136,854
	2,429,369		FNMA		5.000		04/01/42		2,756,801
	2,100,532		FNMA		4.000		05/01/42		2,259,019
	2,701,338		FNMA		5.000		05/01/42		3,009,854
	1,886,247		FNMA		3.000		06/01/42		1,961,480
	9,342,021		FNMA		3.500		06/01/42		9,887,787
	4,796,809		FNMA		4.000		06/01/42		5,151,427
	8,361,041		FNMA		4.000		06/01/42		8,982,819
	14,868,485		FNMA		3.500		07/01/42		15,736,020
	2,913,938		FNMA		4.500		07/01/42		3,194,358
	3,253,787		FNMA		3.500		08/01/42		3,445,787
	4,447,915		FNMA		3.000		09/01/42		4,626,082
	6,010,788		FNMA		3.500		09/01/42		6,359,366
	9,201,601		FNMA		3.000		10/01/42		9,570,193
	3,092,189		FNMA		3.500		10/01/42		3,274,497
	3,257,857		FNMA		2.500		01/01/43		3,298,843
	11,127,580		FNMA		3.000		01/01/43		11,572,874
	15,347,299		FNMA		3.000		02/01/43		15,961,938
	3,879,184		FNMA		3.000		04/01/43		4,033,961
	11,522,937		FNMA		3.000		04/01/43		11,983,842

135

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	2,587,597	i	FNMA		2.147	%	06/01/43	$	2,654,863
	12,036,732		FNMA		3.000		06/01/43		12,516,113
	3,224,092	i	FNMA		1.734		07/01/43		3,278,800
	9,557,592		FNMA		3.000		07/01/43		9,938,577
	9,392,132		FNMA		3.500		07/01/43		9,929,687
	8,194,326		FNMA		3.000		08/01/43		8,521,259
	4,190,051		FNMA		4.000		08/01/43		4,560,256
	6,579,080		FNMA		3.000		09/01/43		6,841,402
	9,225,458		FNMA		3.500		09/01/43		9,752,917
	6,062,196		FNMA		3.500		10/01/43		6,408,709
	986,946		FNMA		4.500		10/01/43		1,076,529
	6,795,097		FNMA		4.000		11/01/43		7,284,174
	2,981,782		FNMA		4.000		11/01/43		3,195,979
	2,040,773		FNMA		4.500		12/01/43		2,228,636
	6,313,059		FNMA		4.500		12/01/43		6,893,262
	6,773,318		FNMA		4.000		01/01/44		7,259,665
	5,803,029		FNMA		4.000		05/01/44		6,218,405
	6,385,123		FNMA		4.000		07/01/44		6,842,165
	6,897,875		FNMA		4.000		07/01/44		7,391,619
	3,633,135		FNMA		3.500		09/01/44		3,833,683
	6,742,201		FNMA		4.000		09/01/44		7,224,803
	12,598,806		FNMA		3.500		10/01/44		13,294,259
	7,496,501		FNMA		4.000		12/01/44		8,033,094
	8,231,622		FNMA		3.000		01/01/45		8,555,749
	24,211,656	h	FNMA		3.000		01/01/45		25,176,037
	20,685,157		FNMA		3.500		02/01/45		21,826,975
	18,569,001		FNMA		3.500		05/01/45		19,594,008
	14,255,713		FNMA		3.500		07/01/45		15,107,214
	22,943,195		FNMA		4.000		07/01/45		24,607,779
	14,140,593	h	FNMA		3.500		11/01/45		14,924,591
	9,718,733		FNMA		3.500		02/01/46		10,259,659
	9,968,800		FNMA		3.000		06/01/46		10,354,318
	20,000,000	h	FNMA		3.500		07/01/46		21,117,807
	2,706		Government National Mortgage Association (GNMA)		5.000		02/15/18		2,813
	10,679		GNMA		4.500		02/15/19		10,869
	8,013		GNMA		4.500		01/20/24		8,454
	46,664		GNMA		4.000		04/15/24		49,863
	9,855		GNMA		4.500		07/15/24		10,587
	158,834		GNMA		4.000		08/15/24		169,662
	43,711		GNMA		4.500		08/15/24		46,938
	141,048		GNMA		4.000		09/15/24		150,640
	24,821		GNMA		4.500		01/15/25		26,651
	191,894		GNMA		4.000		08/15/25		202,874
	108,469		GNMA		3.500		03/15/26		115,239
	136,665		GNMA		4.000		04/15/26		143,384
	108,709		GNMA		4.000		06/20/26		115,261
	168,647		GNMA		3.500		11/20/26		179,197
	874,977		GNMA		3.000		12/15/26		923,083
	2,609,669		GNMA		2.500		04/20/27		2,719,214
	1,626,792		GNMA		2.500		09/20/27		1,695,079
	2,907		GNMA		6.500		09/15/28		3,316
	666		GNMA		6.500		09/15/28		760

136

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	2,972	GNMA		6.500	%	11/15/28	$	3,390
	1,168	GNMA		7.500		11/15/28		1,330
	2,646,714	GNMA		3.500		11/20/28		2,816,151
	8,370	GNMA		8.500		10/15/30		8,931
	4,371	GNMA		8.500		10/20/30		5,335
	502	GNMA		8.500		12/15/30		647
	712	GNMA		7.000		06/20/31		888
	1,955	GNMA		7.000		07/15/31		2,204
	1,915	GNMA		7.000		07/15/31		2,024
	265,233	GNMA		6.000		10/15/32		311,188
	37,576	GNMA		5.500		12/20/32		42,318
	92,895	GNMA		5.500		05/15/33		106,296
	14,334	GNMA		5.000		07/15/33		16,173
	49,034	GNMA		5.500		07/15/33		55,809
	12,476	GNMA		5.000		07/20/33		14,043
	27,580	GNMA		5.000		08/15/33		30,692
	60,865	GNMA		5.000		08/15/33		67,732
	195,671	GNMA		5.500		09/15/33		225,377
	155,658	GNMA		6.000		11/20/33		183,947
	69,946	GNMA		5.500		05/20/34		78,887
	96,466	GNMA		6.000		09/20/34		113,674
	8,710	GNMA		5.000		10/20/34		9,688
	220,817	GNMA		5.500		11/15/34		254,283
	97,205	GNMA		6.500		01/15/35		116,013
	52,096	GNMA		5.500		02/20/35		58,675
	1,019,471	GNMA		5.000		03/20/35		1,147,287
	329,070	GNMA		5.000		04/15/35		372,072
	328,940	GNMA		5.500		05/20/35		371,016
	12,952	GNMA		5.000		09/20/35		14,581
	7,006	GNMA		5.000		11/15/35		7,818
	7,410	GNMA		5.000		11/15/35		8,246
	94,976	GNMA		5.500		02/20/36		106,246
	10,489	GNMA		5.500		03/15/36		11,892
	30,016	GNMA		5.500		05/20/36		33,425
	8,319	GNMA		6.500		06/15/36		10,286
	298,354	GNMA		5.500		06/20/36		331,177
	16,518	GNMA		5.000		09/15/36		18,676
	13,923	GNMA		6.000		09/15/36		16,145
	28,572	GNMA		6.000		10/20/36		32,954
	18,382	GNMA		5.000		12/15/36		20,784
	24,663	GNMA		5.500		01/15/37		27,870
	16,146	GNMA		6.000		01/20/37		18,623
	419,360	GNMA		5.500		02/15/37		472,310
	56,134	GNMA		6.000		02/20/37		64,908
	399,442	GNMA		6.000		04/15/37		463,952
	11,773	GNMA		6.500		04/15/37		13,472
	187,953	GNMA		6.000		04/20/37		215,839
	21,870	GNMA		6.000		06/15/37		25,462
	32,801	GNMA		6.000		08/20/37		37,620
	26,571	GNMA		6.500		08/20/37		32,381
	127,521	GNMA		6.500		11/20/37		151,024
	67,262	GNMA		6.000		12/15/37		76,975

137

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	7,945	GNMA		5.000	%	02/20/38	$	8,823
	200,538	GNMA		5.000		04/15/38		224,576
	8,344	GNMA		5.500		05/20/38		9,243
	39,170	GNMA		5.500		06/15/38		44,671
	90,433	GNMA		6.000		06/20/38		103,336
	136,050	GNMA		5.500		07/15/38		153,471
	706,355	GNMA		5.000		07/20/38		789,203
	664,357	GNMA		5.500		07/20/38		730,335
	16,302	GNMA		5.500		08/15/38		18,372
	316,442	GNMA		6.000		08/15/38		361,722
	96,424	GNMA		6.000		08/15/38		110,214
	68,236	GNMA		6.000		08/20/38		77,935
	266,983	GNMA		6.000		09/20/38		304,933
	67,133	GNMA		5.000		10/15/38		74,785
	22,860	GNMA		5.500		10/15/38		26,598
	12,653	GNMA		6.500		10/20/38		14,815
	22,281	GNMA		6.500		10/20/38		24,204
	4,129	GNMA		5.500		11/15/38		4,653
	50,996	GNMA		6.500		11/20/38		59,947
	268,341	GNMA		6.000		12/15/38		306,850
	4,406	GNMA		6.500		12/15/38		5,119
	49,079	GNMA		5.000		01/15/39		55,113
	1,300,834	GNMA		4.500		01/20/39		1,397,195
	131,317	GNMA		6.500		01/20/39		153,423
	48,507	GNMA		5.000		02/15/39		54,423
	20,022	GNMA		6.000		02/15/39		22,916
	57,678	GNMA		4.500		03/15/39		63,541
	431,626	GNMA		4.500		03/15/39		475,501
	49,092	GNMA		3.000		03/20/39		50,212
	16,270	GNMA		4.500		03/20/39		17,556
	251,083	GNMA		5.500		03/20/39		278,734
	26,042	GNMA		4.500		04/15/39		28,711
	391,435	GNMA		5.500		04/15/39		439,923
	9,772	GNMA		5.000		04/20/39		10,897
	52,807	GNMA		4.000		05/15/39		56,759
	758,858	GNMA		4.500		05/15/39		836,642
	411,340	GNMA		5.000		05/15/39		461,853
	54,971	GNMA		4.000		05/20/39		59,174
	142,537	GNMA		4.500		05/20/39		154,442
	2,844,045	GNMA		5.000		05/20/39		3,164,435
	2,131,113	GNMA		4.500		06/15/39		2,351,643
	21,302	GNMA		4.500		06/15/39		23,484
	21,314	GNMA		5.000		06/15/39		23,865
	1,799,119	GNMA		5.000		06/15/39		2,042,126
	25,032	GNMA		5.000		06/15/39		28,106
	47,485	GNMA		5.000		06/15/39		53,177
	1,995,459	GNMA		5.000		06/15/39		2,264,984
	32,713	GNMA		4.000		06/20/39		35,213
	19,440	GNMA		5.000		06/20/39		21,612
	2,644,356	GNMA		4.000		07/15/39		2,842,215
	33,172	GNMA		4.500		07/15/39		36,570
	65,318	GNMA		4.500		07/15/39		72,014

138

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	2,684,919	GNMA		4.500	%	07/15/39	$	2,990,032
	24,618	GNMA		5.000		07/15/39		27,436
	326,144	GNMA		4.500		07/20/39		356,081
	283,609	GNMA		5.000		07/20/39		317,072
	26,651	GNMA		5.500		07/20/39		29,608
	126,016	GNMA		4.000		08/15/39		135,440
	387,245	GNMA		5.000		08/15/39		432,988
	28,191	GNMA		5.500		08/15/39		31,772
	112,821	GNMA		6.000		08/15/39		129,098
	89,120	GNMA		4.000		08/20/39		95,618
	75,301	GNMA		5.000		08/20/39		83,738
	49,621	GNMA		5.000		09/15/39		55,220
	105,139	GNMA		5.000		09/20/39		116,967
	25,215	GNMA		4.500		10/15/39		27,778
	14,772	GNMA		5.000		10/15/39		16,543
	32,023	GNMA		4.500		10/20/39		34,960
	62,325	GNMA		4.500		11/15/39		69,517
	46,454	GNMA		4.500		11/20/39		50,588
	55,270	GNMA		5.000		11/20/39		61,665
	1,625,235	GNMA		4.500		12/15/39		1,793,431
	99,820	GNMA		4.500		12/15/39		110,248
	46,856	GNMA		4.500		12/20/39		51,149
	1,698,081	GNMA		5.000		12/20/39		1,888,734
	1,554,353	GNMA		4.500		01/20/40		1,697,072
	22,092	GNMA		5.500		01/20/40		24,544
	828,670	GNMA		5.500		02/15/40		933,915
	108,051	GNMA		4.000		03/15/40		116,200
	23,786	GNMA		5.000		03/15/40		26,549
	15,330	GNMA		4.500		04/15/40		16,888
	324,705	GNMA		5.000		04/15/40		363,959
	63,948	GNMA		4.500		04/20/40		69,628
	10,259	GNMA		4.500		05/15/40		11,321
	276,941	GNMA		5.000		05/15/40		309,918
	608,512	GNMA		2.000		05/20/40		628,784
	14,179	GNMA		4.500		05/20/40		15,444
	20,047	GNMA		4.500		06/15/40		22,085
	5,231,148	GNMA		4.500		06/15/40		5,772,539
	25,833	GNMA		4.500		06/15/40		28,506
	307,036	GNMA		5.000		06/20/40		341,538
	650,568	GNMA		4.500		07/15/40		716,700
	200,331	GNMA		4.500		07/15/40		220,869
	2,280,995	GNMA		4.500		07/20/40		2,490,535
	67,861	GNMA		5.000		07/20/40		75,500
	463,063	GNMA		4.000		08/15/40		499,054
	1,909,744	GNMA		4.000		08/15/40		2,058,590
	181,879	GNMA		4.500		08/15/40		202,852
	178,144	GNMA		4.500		08/20/40		194,508
	140,379	GNMA		4.500		09/20/40		153,275
	39,984	GNMA		5.500		09/20/40		44,537
	54,889	GNMA		6.500		09/20/40		65,523
	56,491	GNMA		4.000		10/15/40		61,445
	120,505	GNMA		6.000		10/20/40		138,975

139

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	668,457	GNMA		4.000	%	11/15/40	$	725,554
	1,882,661	GNMA		4.000		11/20/40		2,028,684
	462,502	GNMA		3.500		12/15/40		491,426
	628,553	GNMA		5.500		12/20/40		699,950
	2,045,742	GNMA		4.000		01/15/41		2,205,572
	4,855,869	GNMA		4.000		01/20/41		5,232,505
	438,832	GNMA		4.000		02/15/41		471,919
	1,352,956	GNMA		4.500		02/20/41		1,477,249
	748,906	GNMA		4.500		03/15/41		825,682
	1,689,894	GNMA		4.500		04/20/41		1,840,567
	329,665	GNMA		5.000		04/20/41		366,741
	157,385	GNMA		4.000		06/20/41		165,149
	397,481	GNMA		4.000		07/15/41		427,832
	671,364	GNMA		4.000		07/20/41		722,929
	2,123,432	GNMA		4.500		07/20/41		2,318,518
	1,854,502	GNMA		5.000		07/20/41		2,062,729
	572,901	GNMA		4.500		08/15/41		632,557
	816,116	GNMA		5.000		08/20/41		908,001
	1,046,875	GNMA		4.000		09/15/41		1,128,412
	86,236	GNMA		3.000		09/20/41		88,584
	2,991,297	GNMA		4.000		09/20/41		3,220,287
	203,124	GNMA		4.000		10/15/41		218,906
	213,255	GNMA		2.000		10/20/41		220,000
	121,559	GNMA		3.500		10/20/41		126,153
	3,744,614	GNMA		4.000		10/20/41		4,030,792
	440,069	GNMA		5.500		10/20/41		490,112
	1,147,000	GNMA		3.500		11/15/41		1,222,954
	2,504,650	GNMA		4.000		11/15/41		2,699,605
	4,694,529	GNMA		4.500		11/20/41		5,125,841
	1,890,186	GNMA		5.000		11/20/41		2,126,867
	576,644	GNMA		6.000		11/20/41		658,589
	2,448,029	GNMA		3.500		01/20/42		2,608,739
	730,276	GNMA		3.000		02/20/42		753,070
	1,206,257	GNMA		3.500		03/20/42		1,285,447
	1,913,565	GNMA		4.500		03/20/42		2,089,370
	2,263,739	GNMA		3.500		04/15/42		2,413,663
	11,540,987	GNMA		3.500		05/20/42		12,298,656
	3,331,813	GNMA		3.500		05/20/42		3,575,214
	2,675,966	GNMA		4.000		05/20/42		2,877,822
	5,808,009	GNMA		3.500		07/15/42		6,198,600
	721,620	GNMA		1.875		07/20/42		743,826
	2,696,964	GNMA		3.500		07/20/42		2,874,023
	3,182,626	GNMA		3.000		08/20/42		3,337,439
	11,208,953	GNMA		3.500		08/20/42		11,944,843
	3,482,174	GNMA		3.500		08/20/42		3,736,704
	2,260,359	GNMA		6.000		08/20/42		2,610,403
	4,282,738	GNMA		3.500		10/20/42		4,563,914
	4,576,556	GNMA		3.000		11/20/42		4,799,169
	5,292,498	GNMA		3.000		12/20/42		5,549,904
	3,667,611	GNMA		3.000		12/20/42		3,843,120
	5,925,853	GNMA		3.000		01/15/43		6,206,878
	3,250,250	GNMA		3.000		01/15/43		3,397,943

140

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	4,012,691		GNMA		3.000	%	01/20/43	$	4,207,788
	6,792,069		GNMA		3.000		02/20/43		7,122,310
	3,794,315		GNMA		3.000		02/20/43		3,981,873
	1,351,459		GNMA		3.000		04/15/43		1,412,871
	1,434,247		GNMA		5.000		04/20/43		1,562,495
	2,773,681		GNMA		3.000		05/20/43		2,908,574
	4,312,960		GNMA		3.000		06/20/43		4,522,701
	7,921,335		GNMA		3.500		06/20/43		8,502,006
	9,223,918		GNMA		3.000		07/20/43		9,672,622
	4,490,098		GNMA		3.500		07/20/43		4,784,363
	6,577,540		GNMA		3.500		09/20/43		7,007,441
	2,745,716		GNMA		4.000		09/20/43		2,938,163
	2,456,644		GNMA		4.000		10/20/43		2,624,652
	1,244,761		GNMA		3.500		11/20/43		1,326,159
	3,011,504		GNMA		4.000		11/20/43		3,221,419
	2,459,276		GNMA		4.500		12/20/43		2,642,471
	2,581,367		GNMA		4.500		01/20/44		2,773,608
	3,249,735		GNMA		3.500		02/20/44		3,460,366
	4,959,139		GNMA		4.000		02/20/44		5,304,200
	5,078,675		GNMA		4.000		05/20/44		5,431,807
	5,276,498		GNMA		4.000		06/20/44		5,643,254
	14,305,584		GNMA		3.500		07/20/44		15,215,281
	4,110,607		GNMA		4.500		10/20/44		4,417,654
	10,393,029		GNMA		3.500		11/20/44		11,034,405
	13,287,421		GNMA		3.000		12/20/44		13,905,422
	7,300,897		GNMA		3.500		02/20/45		7,751,451
	13,552,851		GNMA		3.000		04/20/45		14,183,198
	13,903,025		GNMA		3.000		06/20/45		14,549,658
	14,067,386		GNMA		3.000		07/20/45		14,721,663
	33,455,157		GNMA		4.000		11/20/45		35,795,404
	14,442,978		GNMA		3.000		12/20/45		15,114,724
	14,263,029		GNMA		3.500		12/20/45		15,156,505
	19,833,754		GNMA		4.000		04/20/46		21,237,513
	9,977,394		GNMA		3.000		05/20/46		10,441,445
	9,975,563		GNMA		3.500		05/20/46		10,604,406
	15,000,000	h	GNMA		3.000		06/20/46		15,697,653
	10,000,000	h	GNMA		3.500		06/20/46		10,630,909
			TOTAL MORTGAGE BACKED						1,872,243,821
MUNICIPAL BONDS - 1.0%
	300,000		American Municipal Power		7.834		02/15/41		464,427
	500,000		American Municipal Power		6.270		02/15/50		654,915
	500,000		Bay Area Toll Authority		6.263		04/01/49		779,080
	720,000		Central Puget Sound Regional Transit Authority		5.491		11/01/39		987,026
	250,000		City of Chicago IL		7.375		01/01/33		263,802
	300,000		City of Chicago IL		5.432		01/01/42		255,252
	750,000		City Public Service Board of San Antonio TX		5.808		02/01/41		1,031,655
	150,000		Colorado Bridge Enterprise		6.078		12/01/40		205,101
	200,000		Commonwealth of Massachusetts		4.200		12/01/21		223,658
	500,000		Commonwealth of Massachusetts		5.731		06/01/40		701,740
	100,000	h	Commonwealth of Massachusetts		3.277		06/01/46		100,978
	195,000		Commonwealth of Pennsylvania		5.850		07/15/30		222,214

141

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	200,000	County of Clark NV		6.820	%	07/01/45	$	309,102
	350,000	Denver City & County School District No		4.242		12/15/37		388,276
	200,000	District of Columbia		5.591		12/01/34		267,144
	100,000	East Baton Rouge Sewerage Commission		6.087		02/01/45		112,677
	200,000	Energy Northwest		2.814		07/01/24		212,480
	500,000	Florida Hurricane Catastrophe Fund Finance Corp		2.995		07/01/20		523,475
	200,000	Florida State Board of Administration Finance Corp		2.163		07/01/19		205,276
	200,000	Florida State Board of Administration Finance Corp		2.638		07/01/21		208,596
	200,000	Health & Educational Facilities Authority of the State of Missouri		3.651		01/15/46		219,048
	28,529	Kentucky Asset Liability Commission		3.165		04/01/18		29,154
	30,000	Los Angeles Unified School District		5.750		07/01/34		39,709
	100,000	Massachusetts School Building Authority		5.715		08/15/39		138,566
	200,000	Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd		4.053		07/01/26		219,624
	100,000	Metropolitan Government of Nashville & Davidson County		6.731		07/01/43		141,132
	940,000	Metropolitan Transportation Authority		6.648		11/15/39		1,354,183
	650,000	Metropolitan Transportation Authority		7.336		11/15/39		1,046,949
	500,000	Missouri Highway & Transportation Commission		5.445		05/01/33		636,445
	250,000	Municipal Electric Authority of Georgia		6.637		04/01/57		334,298
	500,000	Municipal Electric Authority of Georgia		6.655		04/01/57		666,910
	947,000	New Jersey Economic Development Authority		7.425		02/15/29		1,169,715
	335,000	New Jersey State Turnpike Authority		7.414		01/01/40		525,632
	1,000,000	New Jersey State Turnpike Authority		7.102		01/01/41		1,512,430
	800,000	New Jersey Transportation Trust Fund Authority		5.754		12/15/28		868,032
	360,000	New Jersey Transportation Trust Fund Authority		6.104		12/15/28		392,828
	700,000	New Jersey Transportation Trust Fund Authority		6.875		12/15/39		747,789
	1,100,000	New York City Municipal Water Finance Authority		5.790		06/15/41		1,229,624
	500,000	New York City Municipal Water Finance Authority		5.440		06/15/43		698,885
	600,000	New York State Dormitory Authority		5.289		03/15/33		768,438
	130,000	New York State Dormitory Authority		5.628		03/15/39		174,578
	545,000	New York State Dormitory Authority		5.600		03/15/40		750,601
	400,000	New York State Urban Development Corp		5.838		03/15/40		525,460
	100,000	Ohio State University		4.910		06/01/40		128,373
	500,000	Ohio State University		3.798		12/01/46		543,710
	200,000	Ohio State University		4.048		12/01/56		222,282
	675,000	Ohio State Water Development Authority		4.879		12/01/34		817,452
	750,000	Oregon School Boards Association		4.759		06/30/28		869,858
	250,000	Oregon School Boards Association		5.680		06/30/28		318,943
	100,000	Oregon State Department of Transportation		5.834		11/15/34		139,891
	200,000	Port Authority of New York & New Jersey		6.040		12/01/29		267,854
	500,000	Port Authority of New York & New Jersey		5.647		11/01/40		667,590
	300,000	Port Authority of New York & New Jersey		4.823		06/01/45		331,131
	1,000,000	Port Authority of New York & New Jersey		5.310		08/01/46		1,117,950
	200,000	Port Authority of New York & New Jersey		4.810		10/15/65		240,456
	100,000	Salt River Project Agricultural Improvement & Power District		4.839		01/01/41		131,091
	800,000	Santa Clara Valley Transportation Authority		5.876		04/01/32		1,038,872
	300,000	State of California		5.750		03/01/17		310,101
	600,000	State of California		6.200		10/01/19		692,010
	645,000	State of California		5.700		11/01/21		777,580
	250,000	State of California		7.500		04/01/34		378,777

142

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	285,000	State of California		7.550	%	04/01/39	$	450,519
	3,400,000	State of California		7.300		10/01/39		5,149,368
	2,740,000	State of California		7.625		03/01/40		4,331,255
	300,000	State of Connecticut		5.090		10/01/30		357,813
	620,000	State of Connecticut		5.850		03/15/32		815,083
	4,450,000	State of Illinois		5.100		06/01/33		4,276,761
	1,295,000	State of Illinois		6.725		04/01/35		1,396,813
	500,000	State of Illinois		5.650		12/01/38		484,865
	500,000	State of Kansas Department of Transportation		4.596		09/01/35		611,465
	300,000	State of Oregon		5.762		06/01/23		353,280
	600,000	State of Texas		4.631		04/01/33		756,456
	50,000	State of Texas		5.517		04/01/39		70,863
	1,000,000	State of Texas		4.681		04/01/40		1,256,240
	575,000	State of Texas Transportation Commission		5.028		04/01/26		708,216
	500,000	State of Utah		3.539		07/01/25		560,900
	200,000	State of Washington		5.090		08/01/33		256,740
	604,000	State Public School Building Authority		5.000		09/15/27		671,636
	2,000,000	Tennessee Valley Authority		4.500		04/01/18		2,131,900
	300,000	Tennessee Valley Authority		1.750		10/15/18		306,221
	750,000	Tennessee Valley Authority		3.875		02/15/21		841,450
	750,000	Tennessee Valley Authority		2.875		09/15/24		814,124
	500,000	Tennessee Valley Authority		5.880		04/01/36		724,974
	500,000	Tennessee Valley Authority		5.500		06/15/38		699,617
	300,000	Tennessee Valley Authority		3.500		12/15/42		324,617
	1,750,000	Tennessee Valley Authority		4.625		09/15/60		2,181,900
	300,000	Tennessee Valley Authority		4.250		09/15/65		352,409
	500,000	University of California		1.796		07/01/19		511,860
	200,000	University of California		5.770		05/15/43		274,048
	200,000	University of California		3.931		05/15/45		211,902
	200,000	University of California		4.131		05/15/45		222,866
	860,000	University of California		4.858		05/15/12		955,537
	200,000	University of California		4.767		05/15/15		217,072
	100,000	University of Pennsylvania		4.674		09/01/12		114,487
	200,000	University of Southern California		5.250		10/01/11		268,679
	700,000	University of Texas		4.794		08/15/46		885,885
	200,000	University of Texas System		3.852		08/15/46		228,286
	150,000	Virginia Commonwealth Transportation Board		5.350		05/15/35		189,393
		TOTAL MUNICIPAL BONDS						66,266,325
U.S. TREASURY SECURITIES - 35.8%
	9,000,000	United States Treasury Bond		5.250		11/15/28		12,669,957
	26,060,000	United States Treasury Bond		5.250		02/15/29		36,855,563
	16,250,000	United States Treasury Bond		4.500		02/15/36		23,408,255
	4,644,000	United States Treasury Bond		4.375		02/15/38		6,622,599
	36,983,000	United States Treasury Bond		3.500		02/15/39		46,689,595
	850,000	United States Treasury Bond		4.375		11/15/39		1,208,759
	12,585,000	United States Treasury Bond		3.875		08/15/40		16,714,453
	11,185,000	United States Treasury Bond		4.250		11/15/40		15,674,290
	26,350,000	United States Treasury Bond		4.375		05/15/41		37,654,756
	10,000,000	United States Treasury Bond		3.750		08/15/41		13,058,590
	4,300,000	United States Treasury Bond		3.125		11/15/41		5,082,733
	4,550,000	United States Treasury Bond		3.125		02/15/42		5,381,262

143

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	10,000,000	United States Treasury Bond		3.000	%	05/15/42	$	11,560,550
	10,000,000	United States Treasury Bond		2.750		08/15/42		11,026,950
	4,000,000	United States Treasury Bond		2.750		11/15/42		4,403,908
	10,250,000	United States Treasury Bond		2.875		05/15/43		11,533,648
	6,500,000	United States Treasury Bond		3.625		08/15/43		8,392,872
	2,000,000	United States Treasury Bond		3.750		11/15/43		2,640,860
	7,615,000	United States Treasury Bond		3.625		02/15/44		9,825,429
	2,500,000	United States Treasury Bond		3.375		05/15/44		3,083,693
	14,000,000	United States Treasury Bond		3.125		08/15/44		16,490,474
	16,750,000	United States Treasury Bond		3.000		11/15/44		19,274,929
	8,000,000	United States Treasury Bond		2.500		02/15/45		8,336,872
	22,000,000	United States Treasury Bond		3.000		05/15/45		25,309,460
	16,000,000	United States Treasury Bond		2.875		08/15/45		17,971,248
	10,750,000	United States Treasury Bond		3.000		11/15/45		12,371,315
	22,000,000	United States Treasury Bond		2.500		02/15/46		22,928,994
	21,000,000	United States Treasury Bond		2.500		05/15/46		21,908,082
	20,000,000	United States Treasury Note		0.500		08/31/16		20,006,620
	14,000,000	United States Treasury Note		1.000		08/31/16		14,016,212
	14,200,000	United States Treasury Note		1.000		09/30/16		14,222,905
	27,000,000	United States Treasury Note		0.625		11/15/16		27,026,379
	173,000	United States Treasury Note		4.625		11/15/16		175,730
	278,400	United States Treasury Note		7.500		11/15/16		285,776
	8,000,000	United States Treasury Note		0.500		11/30/16		8,004,304
	15,250,000	United States Treasury Note		0.875		11/30/16		15,282,452
	50,300,000	United States Treasury Note		0.875		01/31/17		50,427,209
	61,750,000	United States Treasury Note		0.750		10/31/17		61,906,783
	31,000,000	United States Treasury Note		0.750		02/28/18		31,087,172
	7,862,000	United States Treasury Note		2.375		05/31/18		8,128,876
	7,000,000	United States Treasury Note		1.375		06/30/18		7,106,638
	15,000,000	United States Treasury Note		1.375		07/31/18		15,235,545
	13,065,000	United States Treasury Note		2.250		07/31/18		13,508,491
	40,350,000	United States Treasury Note		1.500		08/31/18		41,116,004
	22,000,000	United States Treasury Note		1.375		09/30/18		22,365,244
	28,000,000	United States Treasury Note		1.250		10/31/18		28,389,368
	33,500,000	United States Treasury Note		1.250		11/30/18		33,978,950
	25,000,000	United States Treasury Note		1.500		12/31/18		25,517,575
	25,000,000	United States Treasury Note		1.500		01/31/19		25,524,425
	10,000,000	United States Treasury Note		0.750		02/15/19		10,020,700
	2,802,400	United States Treasury Note		2.750		02/15/19		2,954,125
	30,000,000	United States Treasury Note		1.500		02/28/19		30,644,520
	36,000,000	United States Treasury Note		1.625		03/31/19		36,907,020
	40,750,000	United States Treasury Note		1.500		05/31/19		41,674,821
	40,000,000	United States Treasury Note		1.625		06/30/19		41,070,320
	18,000,000	United States Treasury Note		1.625		07/31/19		18,487,260
	50,500,000	United States Treasury Note		1.625		08/31/19		51,876,933
	38,500,000	United States Treasury Note		1.750		09/30/19		39,706,128
	29,000,000	United States Treasury Note		1.500		10/31/19		29,678,542
	57,000,000	United States Treasury Note		1.500		11/30/19		58,333,686
	33,500,000	United States Treasury Note		1.625		12/31/19		34,429,089
	36,500,000	United States Treasury Note		1.250		01/31/20		37,038,959
	78,500,000	United States Treasury Note		1.375		02/29/20		79,996,367
	5,000,000	United States Treasury Note		1.375		03/31/20		5,095,115

144

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	20,000,000	United States Treasury Note		1.375	%	04/30/20	$	20,380,460
	50,000,000	United States Treasury Note		1.500		05/31/20		51,171,900
	45,000,000	United States Treasury Note		1.625		06/30/20		46,281,465
	22,500,000	United States Treasury Note		1.625		07/31/20		23,141,610
	4,000,000	United States Treasury Note		2.000		07/31/20		4,175,468
	5,342,000	United States Treasury Note		2.625		08/15/20		5,712,393
	34,000,000	United States Treasury Note		1.375		08/31/20		34,628,218
	30,000,000	United States Treasury Note		1.375		09/30/20		30,550,770
	6,000,000	United States Treasury Note		2.000		09/30/20		6,267,888
	40,000,000	United States Treasury Note		1.375		10/31/20		40,729,680
	50,000,000	United States Treasury Note		1.625		11/30/20		51,470,700
	5,000,000	United States Treasury Note		2.000		11/30/20		5,225,585
	25,000,000	United States Treasury Note		1.750		12/31/20		25,864,250
	48,500,000	United States Treasury Note		1.375		01/31/21		49,367,714
	5,900,000	United States Treasury Note		3.625		02/15/21		6,604,082
	16,000,000	United States Treasury Note		1.125		02/28/21		16,113,744
	10,000,000	United States Treasury Note		2.000		02/28/21		10,462,110
	50,000,000	United States Treasury Note		1.250		03/31/21		50,591,800
	55,000,000	United States Treasury Note		1.375		04/30/21		55,958,210
	65,000,000	United States Treasury Note		1.375		05/31/21		66,185,730
	25,000,000	United States Treasury Note		1.125		06/30/21		25,126,950
	27,610,000	United States Treasury Note		2.125		08/15/21		29,102,652
	2,070,000	United States Treasury Note		2.000		11/15/21		2,170,590
	13,379,100	United States Treasury Note		8.000		11/15/21		18,219,096
	5,000,000	United States Treasury Note		1.750		02/28/22		5,168,555
	3,000,000	United States Treasury Note		1.750		03/31/22		3,100,431
	5,000,000	United States Treasury Note		2.000		07/31/22		5,236,525
	10,500,000	United States Treasury Note		1.625		11/15/22		10,750,194
	12,000,000	United States Treasury Note		2.500		08/15/23		13,002,192
	13,000,000	United States Treasury Note		2.750		11/15/23		14,334,528
	26,000,000	United States Treasury Note		2.500		05/15/24		28,248,584
	55,005,000	United States Treasury Note		2.250		11/15/24		58,698,476
	14,000,000	United States Treasury Note		2.000		02/15/25		14,651,322
	37,000,000	United States Treasury Note		2.125		05/15/25		39,100,046
	37,000,000	United States Treasury Note		2.000		08/15/25		38,699,706
	30,000,000	United States Treasury Note		2.250		11/15/25		32,023,830
	44,500,000	United States Treasury Note		1.625		02/15/26		45,028,438
	20,000,000	United States Treasury Note		1.625		05/15/26		20,256,240
		TOTAL U.S. TREASURY SECURITIES						2,413,108,471
		TOTAL GOVERNMENT BONDS						4,797,142,799
		(Cost $4,615,560,889)
STRUCTURED ASSETS - 2.2%
ASSET BACKED - 0.7%
	300,000	AmeriCredit Automobile Receivables Trust		1.790		03/08/19		300,233
		Series - 2013 2 (Class C)
	500,000	AmeriCredit Automobile Receivables Trust		2.420		05/08/19		501,617
		Series - 2013 2 (Class D)
	150,000	AmeriCredit Automobile Receivables Trust		2.380		06/10/19		150,913
		Series - 2013 3 (Class C)
	3,000,000	AmeriCredit Automobile Receivables Trust		2.510		01/08/21		3,029,148
		Series - 2015 1 (Class C)
	500,000	Capital Auto Receivables Asset Trust		2.190		09/20/21		501,326
		Series - 0 1 (Class D)

145

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	1,000,000	Capital One Multi-Asset Execution Trust		1.480	%	07/15/20	$	1,006,528
		Series - 2014 A5 (Class A)
	660,000	Capital One Multi-Asset Execution Trust		5.750		07/15/20		698,547
		Series - 2007 A7 (Class A7)
	399,283	CenterPoint Energy Transition		3.460		08/15/19		407,663
		Series - 0 1 (Class A2)
	500,000	CenterPoint Energy Transition Bond Co II LLC		5.302		08/01/20		542,691
		Series - 2005 A (Class A5)
	600,000	CenterPoint Energy Transition Bond Co LLC		2.161		10/15/21		613,094
		Series - 2012 1 (Class A2)
	395,000	Chase Issuance Trust		1.010		10/15/18		395,265
		Series - 2013 A8 (Class A8)
	1,000,000	Chase Issuance Trust		1.150		01/15/19		1,002,011
		Series - 2014 A1 (Class A)
	1,000,000	Chase Issuance Trust		2.770		03/15/23		1,056,394
		Series - 2014 A2 (Class A2)
	1,000,000	Chase Issuance Trust		2.160		09/16/24		1,021,975
		Series - 2012 A7 (Class A7)
	750,000	CitiBank Credit Card Issuance Trust		5.650		09/20/19		792,899
		Series - 2007 A8 (Class A8)
	310,000	CitiBank Credit Card Issuance Trust		5.350		02/07/20		331,302
		Series - 2008 A1 (Class A1)
	1,000,000	CitiBank Credit Card Issuance Trust		2.150		07/15/21		1,028,311
		Series - 2014 A6 (Class A6)
	2,000,000	CitiBank Credit Card Issuance Trust		2.880		01/23/23		2,128,576
		Series - 0 A1 (Class A1)
	1,250,000	CSAIL Commercial Mortgage Trust		2.970		04/15/50		1,297,277
		Series - 2015 C1 (Class A2)
	1,000,000	Discover Card Execution Note Trust		2.120		12/15/21		1,025,231
		Series - 2014 A4 (Class A4)
	3,000,000	Discover Card Master Trust		5.650		03/16/20		3,166,508
		Series - 2007 A1 (Class A1)
	164,073	FHLMC Multifamily Structured Pass Through Certificates		3.342		12/25/19		167,156
		Series - 2010 K007 (Class A1)
	2,521,825	FHLMC Multifamily Structured Pass Through Certificates		1.459		09/25/21		2,534,835
		Series - 2012 K019 (Class A1)
	3,000,000	FHLMC Multifamily Structured Pass Through Certificates		2.307		08/25/22		3,106,448
		Series - 2012 K023 (Class A2)
	415,539	FHLMC Multifamily Structured Pass Through Certificates		2.779		09/25/22		432,934
		Series - 2013 K030 (Class A1)
	500,000	FHLMC Multifamily Structured Pass Through Certificates		2.510		11/25/22		523,817
		Series - 2013 K026 (Class A2)
	500,000	FHLMC Multifamily Structured Pass Through Certificates		2.637		01/25/23		527,780
		Series - 2013 K027 (Class A2)
	90,347	FHLMC Multifamily Structured Pass Through Certificates		2.669		02/25/23		94,018
		Series - 2013 K034 (Class A1)
	3,000,000	FHLMC Multifamily Structured Pass Through Certificates		3.060		07/25/23		3,245,169
		Series - 2013 K033 (Class A2)

146

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	500,000		FHLMC Multifamily Structured Pass Through Certificates		3.531	%	07/25/23	$	555,224
			Series - 2013 K034 (Class A2)
	1,500,000		FHLMC Multifamily Structured Pass Through Certificates		3.527		10/25/23		1,667,194
			Series - 2014 K036 (Class A2)
	3,000,000		FHLMC Multifamily Structured Pass Through Certificates		3.023		01/25/25		3,238,539
			Series - 2015 K045 (Class A2)
	820,000		Ford Credit Auto Owner Trust		1.320		01/15/19		819,326
			Series - 2013 2013-B (Class C)
	500,000		Ford Credit Auto Owner Trust		1.820		11/15/19		500,440
			Series - 2013 2013-B (Class D)
	1,900,000		GE Capital Credit Card Master Note Trust		1.360		08/17/20		1,904,833
			Series - 2012 6 (Class A)
	227,000		Hyundai Auto Receivables Trust		2.100		11/15/19		228,759
			Series - 2014 B (Class C)
	2,000,000		Hyundai Auto Receivables Trust		2.300		07/15/22		2,023,667
			Series - 2015 B (Class C)
	5,996		Residential Asset Securities Corp		6.489		10/25/30		6,046
			Series - 2001 KS2 (Class AI6)
	15,000		Residential Funding Mortgage Securities II, Inc		6.060		02/25/36		15,586
			Series - 2006 HI1 (Class M2) (Step Bond)
	200,000		Santander Drive Auto Receivables Trust		3.300		09/17/18		202,170
			Series - 2012 2012-5 (Class D)
	1,500,000		Santander Drive Auto Receivables Trust		2.270		01/15/19		1,504,812
			Series - 2013 2013-1 (Class D)
	253,605		Santander Drive Auto Receivables Trust		1.950		03/15/19		254,359
			Series - 2013 2013-2 (Class C)
	2,000,000		Santander Drive Auto Receivables Trust		2.360		04/15/20		2,011,524
			Series - 2014 2014-1 (Class C)
	572,000		Santander Drive Auto Receivables Trust		2.460		06/15/20		577,749
			Series - 2014 5 (Class C)
	53,680		Toyota Auto Receivables Owner Trust		0.670		12/15/17		53,644
			Series - 2014 A (Class A3)
	51,644		Volkswagen Auto Loan Enhanced Trust		0.660		03/20/19		51,558
			Series - 2012 2 (Class A4)
	15,000	g	Vornado DP LLC		4.004		09/13/28		16,053
			Series - 2010 VNO (Class A2FX)
	1,060,000		World Omni Auto Receivables Trust		1.680		12/15/20		1,067,236
			Series - 2014 B (Class A4)
			TOTAL ASSET BACKED						48,328,385
OTHER MORTGAGE BACKED - 1.5%
	14,379		Banc of America Commercial Mortgage, Inc		5.889		07/10/44		14,363
			Series - 2006 3 (Class A4)
	450,000		Banc of America Commercial Mortgage, Inc		5.356		10/10/45		451,413
			Series - 2006 6 (Class A4)
	1,109,644		Bear Stearns Commercial Mortgage Securities		5.201		12/11/38		1,116,153
			Series - 2006 PW14 (Class A4)
	150,288		Bear Stearns Commercial Mortgage Securities		5.911		06/11/40		153,519
			Series - 2007 PW16 (Class A4)
	191,703		Bear Stearns Commercial Mortgage Securities		5.537		10/12/41		192,277
			Series - 2006 T24 (Class A4)
	940,957		Bear Stearns Commercial Mortgage Securities		5.694		06/11/50		972,379
			Series - 2007 PW17 (Class A4)

147

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	486,245		Bear Stearns Commercial Mortgage Securities		5.700	%	06/11/50	$	502,360
			Series - 2007 PW18 (Class A4)
	750,000		Citigroup Commercial Mortgage Trust		1.987		04/10/46		756,315
			Series - 2013 2013-GC11 (Class A2)
	1,053,000		Citigroup Commercial Mortgage Trust		3.422		04/10/46		1,109,329
			Series - 2013 2013-GC11 (Class AS)
	255,000		Citigroup Commercial Mortgage Trust		4.023		03/10/47		284,196
			Series - 2014 2014-GC19 (Class A4)
	500,000		Citigroup Commercial Mortgage Trust		3.635		10/10/47		543,234
			Series - 2014 2014-GC25 (Class A4)
	1,000,000		Citigroup Commercial Mortgage Trust		3.137		02/10/48		1,049,725
			Series - 2015 GC27 (Class A5)
	1,000,000		Citigroup Commercial Mortgage Trust		3.571		02/10/48		1,049,404
			Series - 2015 GC27 (Class AS)
	500,000		Citigroup Commercial Mortgage Trust		3.576		04/10/49		524,704
			Series - 2016 GC37 (Class AS)
	634,471	i	Citigroup Commercial Mortgage Trust		6.345		12/10/49		659,944
			Series - 2008 2008-C7 (Class A4)
	445,807		Citigroup Commercial Mortgage Trust		5.322		12/11/49		450,495
			Series - 2007 2007-CD4 (Class A4)
	2,000,000		COMM Mortgage Trust		3.039		12/10/18		2,067,947
			Series - 2013 CR13 (Class A2)
	357,717		COMM Mortgage Trust		2.256		12/10/44		358,998
			Series - 2012 LC4 (Class A2)
	580,000		COMM Mortgage Trust		4.063		12/10/44		634,261
			Series - 2012 LC4 (Class AM)
	500,000		COMM Mortgage Trust		2.752		08/15/45		518,769
			Series - 2012 CR2 (Class ASB)
	749,000		COMM Mortgage Trust		1.906		01/10/46		756,264
			Series - 2013 LC6 (Class A2)
	400,000		COMM Mortgage Trust		2.941		01/10/46		421,357
			Series - 2013 LC6 (Class A4)
	524,000		COMM Mortgage Trust		3.213		03/10/46		558,944
			Series - 0 CR7 (Class A4)
	1,000,000		COMM Mortgage Trust		4.046		10/10/46		1,116,455
			Series - 2013 CR12 (Class A4)
	500,000		COMM Mortgage Trust		4.258		10/10/46		562,979
			Series - 2013 CR11 (Class A4)
	1,000,000		COMM Mortgage Trust		2.928		02/10/47		1,033,705
			Series - 2014 CR15 (Class A2)
	500,000		COMM Mortgage Trust		3.961		03/10/47		550,889
			Series - 2014 A5 (Class A5)
	970,362		COMM Mortgage Trust		2.840		04/10/47		1,003,658
			Series - 2014 LC15 (Class A2)
	1,000,000		COMM Mortgage Trust		4.051		04/10/47		1,120,792
			Series - 2014 CR16 (Class A4)
	1,000,000		COMM Mortgage Trust		3.819		06/10/47		1,093,609
			Series - 2014 UBS3 (Class A4)
	1,000,000		COMM Mortgage Trust		3.694		08/10/47		1,080,811
			Series - 2014 UBS4 (Class A5)
	1,000,000		COMM Mortgage Trust		3.590		11/10/47		1,087,789
			Series - 2014 CR20 (Class A4)

148

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000		COMM Mortgage Trust		4.339	%	12/10/47	$	1,070,599
			Series - 2014 CR21 (Class B)
	1,000,000	i	COMM Mortgage Trust		4.405		02/10/48		984,522
			Series - 2015 LC19 (Class C)
	1,000,000		COMM Mortgage Trust		3.759		08/10/48		1,097,167
			Series - 2015 CR25 (Class A4)
	231,870	i	COMM Mortgage Trust		6.007		12/10/49		239,055
			Series - 2007 C9 (Class A4)
	300,000	i	COMM Mortgage Trust		6.297		12/10/49		310,752
			Series - 2008 LS1 (Class ASM)
	1,500,000		COMM Mortgage Trust		3.221		10/10/53		1,590,326
			Series - 2015 LC23 (Class A2)
	1,500,000		COMM Mortgage Trust		3.774		10/10/53		1,643,665
			Series - 2015 LC23 (Class A4)
	1,403,277		Credit Suisse Mortgage Capital Certificates		5.509		09/15/39		1,402,566
			Series - 2006 C4 (Class AM)
	2,000,000		DBJPM		2.691		05/10/49		2,088,443
			Series - 2016 C1 (Class A2)
	2,000,000		DBJPM		3.276		05/10/49		2,130,838
			Series - 2016 C1 (Class A4)
	1,000,000		DBJPM		3.539		05/10/49		1,062,488
			Series - 2016 C1 (Class AM)
	458,834		Greenwich Capital Commercial Funding Corp		5.444		03/10/39		463,053
			Series - 2007 GG9 (Class A4)
	1,588,251		Greenwich Capital Commercial Funding Corp		5.736		12/10/49		1,649,322
			Series - 2007 GG11 (Class A4)
	434,000		GS Mortgage Securities Corp II		3.314		01/10/45		454,933
			Series - 0 GC6 (Class AAB)
	300,000		GS Mortgage Securities Corp II		2.943		02/10/46		315,919
			Series - 2013 GC10 (Class A5)
	300,000		GS Mortgage Securities Corp II		3.279		02/10/46		316,099
			Series - 2013 GC10 (Class AS)
	1,731,000		GS Mortgage Securities Trust		3.707		08/10/44		1,881,100
			Series - 2011 GC5 (Class A4)
	500,000		GS Mortgage Securities Trust		3.482		01/10/45		539,784
			Series - 2012 GC6 (Class A3)
	195,000		GS Mortgage Securities Trust		4.740		05/10/45		211,677
			Series - 0 GCJ7 (Class B)
	216,319		GS Mortgage Securities Trust		1.840		02/10/46		217,976
			Series - 2013 GC10 (Class A2)
	500,000		GS Mortgage Securities Trust		3.135		06/10/46		531,984
			Series - 2013 GC12 (Class A4)
	511,000		GS Mortgage Securities Trust		3.813		11/10/46		558,176
			Series - 2013 GC16 (Class AAB)
	200,000		GS Mortgage Securities Trust		2.924		01/10/47		205,953
			Series - 2014 GC18 (Class A2)
	1,000,000		GS Mortgage Securities Trust		4.074		01/10/47		1,117,413
			Series - 2014 GC18 (Class A4)
	1,500,000		GS Mortgage Securities Trust		3.964		11/10/47		1,606,252
			Series - 2014 GC26 (Class AS)
	1,900,000		GS Mortgage Securities Trust		3.136		02/10/48		1,994,939
			Series - 2015 GC28 (Class A4)

149

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	90,000	g	JP Morgan Chase Commercial Mortgage Securities Corp		5.633	%	12/05/27	$	99,957
			Series - 2009 IWST (Class A2)
	11,524		JP Morgan Chase Commercial Mortgage Securities Corp		5.115		07/15/41		11,538
			Series - 2004 LN2 (Class A2)
	704,482		JP Morgan Chase Commercial Mortgage Securities Corp		5.429		12/12/43		709,375
			Series - 2006 CB17 (Class A4)
	149,316	i	JP Morgan Chase Commercial Mortgage Securities Corp		6.184		04/17/45		149,118
			Series - 2006 LDP7 (Class AM)
	300,000	i	JP Morgan Chase Commercial Mortgage Securities Corp		5.365		05/15/45		303,011
			Series - 2012 C6 (Class D)
	300,000		JP Morgan Chase Commercial Mortgage Securities Corp		3.483		06/15/45		322,964
			Series - 2012 CBX (Class A4)
	500,000	i	JP Morgan Chase Commercial Mortgage Securities Corp		3.994		01/15/46		556,244
			Series - 2013 C13 (Class A4)
	500,000		JP Morgan Chase Commercial Mortgage Securities Corp		1.855		04/15/46		504,767
			Series - 2013 LC11 (Class A2)
	500,000		JP Morgan Chase Commercial Mortgage Securities Corp		4.171		08/15/46		546,046
			Series - 2011 C5 (Class A3)
	500,000		JP Morgan Chase Commercial Mortgage Securities Corp		4.166		12/15/46		562,834
			Series - 2013 C16 (Class A4)
	1,319,142		JP Morgan Chase Commercial Mortgage Securities Corp		5.336		05/15/47		1,330,823
			Series - 2006 LDP9 (Class A3)
	811,497		JP Morgan Chase Commercial Mortgage Securities Corp		5.440		06/12/47		823,833
			Series - 2007 CB18 (Class A4)
	413,000		JP Morgan Chase Commercial Mortgage Securities Corp		2.702		12/15/47		429,549
			Series - 2013 C10 (Class ASB)
	300,000		JP Morgan Chase Commercial Mortgage Securities Corp		2.840		12/15/47		313,302
			Series - 2012 LC9 (Class A5)
	500,000		JP Morgan Chase Commercial Mortgage Securities Corp		3.143		12/15/47		530,004
			Series - 2013 C10 (Class A5)
	574,000		JP Morgan Chase Commercial Mortgage Securities Corp		3.372		12/15/47		603,265
			Series - 2013 C10 (Class AS)
	70,340	i	JP Morgan Chase Commercial Mortgage Securities Corp		5.927		06/15/49		71,181
			Series - 2007 LD11 (Class A3)
	860,000	i	JP Morgan Chase Commercial Mortgage Securities Corp		5.927		06/15/49		875,466
			Series - 2007 LD11 (Class A4)
	500,000		JPMBB Commercial Mortgage Securities Trust		3.801		09/15/47		548,666
			Series - 2014 C22 (Class A4)
	1,500,000		JPMBB Commercial Mortgage Securities Trust		2.940		11/15/47		1,567,736
			Series - 2014 C24 (Class A2)
	2,000,000		JPMBB Commercial Mortgage Securities Trust		3.770		12/15/48		2,197,587
			Series - 2015 C33 (Class A4)
	500,000		JPMBB Commercial Mortgage Securities Trust		3.970		03/15/49		545,916
			Series - 2016 C1 (Class AS)
	39,906		LB-UBS Commercial Mortgage Trust		5.372		09/15/39		39,937
			Series - 2006 C6 (Class A4)
	200,000	i	LB-UBS Commercial Mortgage Trust		5.452		09/15/39		199,168
			Series - 2006 C6 (Class AJ)
	1,306,176		LB-UBS Commercial Mortgage Trust		5.424		02/15/40		1,322,553
			Series - 2007 C1 (Class A4)
	785,723		LB-UBS Commercial Mortgage Trust		5.430		02/15/40		796,868
			Series - 2007 C2 (Class A3)

150

TIAA-CREF FUNDS - Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	600,000	i	LB-UBS Commercial Mortgage Trust		6.114	%	07/15/40	$	618,725
			Series - 2007 C6 (Class AM)
	291,457	i	LB-UBS Commercial Mortgage Trust		5.866		09/15/45		304,935
			Series - 2007 C7 (Class A3)
	14,610		Merrill Lynch Mortgage Trust		6.021		06/12/50		14,586
			Series - 2007 C1 (Class A3)
	164,000		Morgan Stanley Bank of America Merrill Lynch Trust		2.506		11/15/45		168,949
			Series - 2012 2012-C6 (Class A3)
	60,000		Morgan Stanley Bank of America Merrill Lynch Trust		2.918		02/15/46		62,876
			Series - 2013 2013-C7 (Class A4)
	750,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.102		05/15/46		792,660
			Series - 2013 2013-C9 (Class A4)
	500,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.456		05/15/46		530,829
			Series - 2013 2013-C9 (Class AS)
	240,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.708		05/15/46		252,149
			Series - 2013 2013-C9 (Class B)
	200,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.824		10/15/46		216,066
			Series - 2013 2013-C12 (Class ASB)
	400,000		Morgan Stanley Bank of America Merrill Lynch Trust		2.916		02/15/47		415,762
			Series - 2014 2014-C14 (Class A2)
	567,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.669		02/15/47		603,932
			Series - 2014 2014-C14 (Class A3)
	1,250,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.654		04/15/47		1,348,359
			Series - 2014 2014-C15 (Class ASB)
	2,000,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.892		06/15/47		2,214,762
			Series - 2014 2014-C16 (Class A5)
	3,500,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.249		02/15/48		3,710,341
			Series - 2015 C20 (Class A4)
	1,000,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.732		05/15/48		1,096,787
			Series - 2015 C24 (Class A4)
	577,252		Morgan Stanley Capital I Trust		5.364		03/15/44		587,402
			Series - 2007 IQ13 (Class A4)
	676,795		Morgan Stanley Capital I Trust		5.569		12/15/44		700,062
			Series - 2007 HQ13 (Class A3)
	227,813		Morgan Stanley Capital I Trust		2.111		03/15/45		228,692
			Series - 2012 C4 (Class A2)
	1,250,000		Morgan Stanley Capital I Trust		3.244		03/15/45		1,331,396
			Series - 2012 C4 (Class A4)
	1,550,000		Morgan Stanley Capital I Trust		5.692		04/15/49		1,579,110
			Series - 2007 IQ14 (Class A4)
	205,000		Morgan Stanley Capital I Trust		5.544		11/12/49		208,466
			Series - 2007 T25 (Class AM)
	1,450,270		Morgan Stanley Capital I Trust		5.809		12/12/49		1,505,841
			Series - 2007 IQ16 (Class A4)
	151,796		Morgan Stanley Capital I Trust		4.770		07/15/56		151,721
			Series - 0 IQ9 (Class AJ)
	109,828	i	TIAA Seasoned Commercial Mortgage Trust		5.538		08/15/39		110,426
			Series - 2007 C4 (Class AJ)
	1,500,000		UBS Barclays Commercial Mortgage Trust		3.185		03/10/46		1,588,659
			Series - 2013 C5 (Class A4)
	500,000		UBS Barclays Commercial Mortgage Trust		3.244		04/10/46		531,313
			Series - 0 C6 (Class A4)

151

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	$	1,084,036
			Series - 2012 C2 (Class A4)
	400,000		UBS Citigroup Commercial Mortgage Trust		3.595		01/10/45		429,848
			Series - 2011 C1 (Class A3)
	100,000		UBS Commercial Mortgage Trust		4.822		05/10/45		108,028
			Series - 2012 C1 (Class B)
	100,000		Wachovia Bank Commercial Mortgage Trust		5.342		12/15/43		101,593
			Series - 2007 2007-C30 (Class A5)
	713,865		Wachovia Bank Commercial Mortgage Trust		5.678		05/15/46		735,107
			Series - 2007 2007-C34 (Class A3)
	300,000		Wachovia Bank Commercial Mortgage Trust		5.603		10/15/48		301,903
			Series - 2006 2006-C28 (Class AM)
	200,000		Wachovia Bank Commercial Mortgage Trust		6.147		02/15/51		208,228
			Series - 2007 2007-C33 (Class A5)
	1,143,815		Wachovia Bank Commercial Mortgage Trust		6.147		02/15/51		1,167,491
			Series - 2007 2007-C33 (Class A4)
	2,000,000		Wells Fargo Commercial Mortgage Trust		3.695		11/15/48		2,187,994
			Series - 2015 C31 (Class A4)
	250,000	i	WF-RBS Commercial Mortgage Trust		4.992		06/15/45		268,508
			Series - 0 C7 (Class C)
	400,000		WF-RBS Commercial Mortgage Trust		3.001		08/15/45		421,942
			Series - 2012 C8 (Class A3)
	775,000		WF-RBS Commercial Mortgage Trust		3.241		12/15/45		812,455
			Series - 2012 C10 (Class AS)
	600,000		WF-RBS Commercial Mortgage Trust		3.337		06/15/46		643,600
			Series - 2013 C14 (Class A5)
	500,000	i	WF-RBS Commercial Mortgage Trust		4.646		03/15/47		524,856
			Series - 2014 C19 (Class C)
	1,000,000	i	WF-RBS Commercial Mortgage Trust		4.723		03/15/47		1,111,244
			Series - 2014 C19 (Class B)
	3,000,000		WF-RBS Commercial Mortgage Trust		3.635		05/15/47		3,225,059
			Series - 2014 C20 (Class A3)
	22,290		WF-RBS Commercial Mortgage Trust		0.735		03/15/48		22,276
			Series - 2013 C12 (Class A1)
	500,000		WF-RBS Commercial Mortgage Trust		3.198		03/15/48		531,778
			Series - 2013 C12 (Class A4)
			TOTAL OTHER MORTGAGE BACKED						100,204,498
			TOTAL STRUCTURED ASSETS						148,532,883
			(Cost $144,469,289)
			TOTAL BONDS						6,715,700,455
			(Cost $6,449,184,906)
SHORT-TERM INVESTMENTS - 1.0%
GOVERNMENT AGENCY DEBT - 0.8%
	34,150,000		Federal Home Loan Bank (FHLB)		0.250		07/01/16		34,150,000
	17,000,000		FHLB		0.050-0.250		07/27/16		16,997,909
			TOTAL GOVERNMENT AGENCY DEBT						51,147,909

152

TIAA-CREF FUNDS - Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
TREASURY DEBT - 0.2%
$	21,300,000	United States Treasury Bill		0.180	%	07/07/16	$	21,299,659
		TOTAL TREASURY DEBT						21,299,659
		TOTAL SHORT-TERM INVESTMENTS						72,447,568
		(Cost $72,446,292)
		TOTAL INVESTMENTS - 100.5%						6,788,148,023
		(Cost $6,521,631,198)
		OTHER ASSETS & LIABILITIES, NET - (0.5)%						(36,836,661	)
		NET ASSETS - 100.0%					$	6,751,311,362

	Abbreviation(s):
REIT	Real Estate Investment Trust

g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 6/30/2016, the aggregate value of these securities was $47,177,395 or 0.7% 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.

153

TIAA-CREF FUNDS - Bond Plus Fund

TIAA-CREF FUNDS

BOND PLUS FUND

SCHEDULE OF INVESTMENTS (unaudited)

June 30, 2016

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
BANK LOAN OBLIGATIONS - 5.0%
AUTOMOBILES & COMPONENTS - 0.2%
$	1,970,000	i	Dealer Tire LLC		5.500	%	12/22/21	$	1,974,925
	3,873,246	i	Gates Global LLC		4.250		07/06/21		3,665,872
			TOTAL AUTOMOBILES & COMPONENTS						5,640,797
CAPITAL GOODS - 0.2%
	967,688	i	CHI Overhead Doors, Inc		4.750		07/31/22		959,220
	1,096,154	i	Manitowoc Foodservice, Inc		5.750		03/03/23		1,102,325
	1,000,000	i	Novolex		6.000		12/05/21		1,000,000
	1,391,809	i	Plaze, Inc		5.250		07/29/22		1,384,849
	2,555,298	i	TransDigm, Inc		3.750		06/07/23		2,513,774
			TOTAL CAPITAL GOODS						6,960,168
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%
	314,420	i	AECOM Technology Corp		3.750		10/15/21		314,618
	3,463,438	i	Connolly Corp		4.500		05/14/21		3,445,047
	3,156,925	i	Creative Artists Agency LLC		5.500		12/17/21		3,151,653
	496,689	h,i	USAGM HoldCo LLC		5.500		07/28/22		491,101
	2,503,311	h,i	USAGM HoldCo LLC		5.500		07/28/22		2,475,149
	1,165,553	i	WASH Multifamily Laundry Systems LLC		4.250		05/16/22		1,147,102
	204,122	i	WASH Multifamily Laundry Systems LLC		4.250		05/16/22		200,891
	2,089,500	i	XPO Logistics, Inc		5.500		11/01/21		2,089,500
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						13,315,061
CONSUMER DURABLES & APPAREL - 0.1%
	1,492,023	i	Academy Ltd		5.000		07/01/22		1,395,042
	997,500	i	FullBeauty Brands Holdings Corp		5.750		10/14/22		946,378
	1,404,177	i	Otter Products LLC		5.750		06/03/20		1,193,551
			TOTAL CONSUMER DURABLES & APPAREL						3,534,971
CONSUMER SERVICES - 0.7%
	4,900,000	i	Jackson Hewitt Tax Service, Inc		8.000		06/25/21		4,789,750
	4,962,500	i	Knowledge Universe Education LLC		6.000		08/13/22		4,904,588
	612,987	i	Marina District Finance Co, Inc		6.500		08/15/18		612,221
	1,050,000	i	Prime Security Services Borrower LLC		4.750		05/02/22		1,051,313
	2,947,442	i	Scientific Games International, Inc		6.000		10/18/20		2,908,153
	6,047,869	i	Spin Holdco, Inc		4.250		11/14/19		5,924,372
	2,937,418	i	Sterling Midco Holdings, Inc		5.750		06/20/22		2,913,566
			TOTAL CONSUMER SERVICES						23,103,963
DIVERSIFIED FINANCIALS - 0.1%
	3,983,328	i	TransUnion LLC		3.500		04/09/21		3,929,194
			TOTAL DIVERSIFIED FINANCIALS						3,929,194

154

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
ENERGY - 0.1%
$	1,989,744	i	Dynegy, Inc		4.000	%	04/23/20	$	1,949,949
			TOTAL ENERGY						1,949,949
FOOD & STAPLES RETAILING - 0.2%
	2,809,792	i	Albertsons LLC		4.500		08/25/21		2,803,779
	150,000	i	Albertsons LLC		4.750		06/22/23		149,587
	1,000,000	i	Rite Aid Corp		5.750		08/21/20		998,750
	1,500,000	i	Rite Aid Corp		4.875		06/21/21		1,498,500
			TOTAL FOOD & STAPLES RETAILING						5,450,616
FOOD, BEVERAGE & TOBACCO - 0.1%
	1,419,275	i	Hostess Brands LLC		4.500		08/03/22		1,416,436
	236,013	i	Post Holdings, Inc		3.750		06/02/21		236,308
			TOTAL FOOD, BEVERAGE & TOBACCO						1,652,744
HEALTH CARE EQUIPMENT & SERVICES - 0.5%
	1,212,572	i	Capsugel Holdings US, Inc		4.000		07/31/21		1,205,503
	2,650,912	i	DaVita HealthCare Partners, Inc		3.500		06/24/21		2,654,226
	1,995,000	i	Greatbatch Ltd		5.250		10/27/22		1,975,050
	2,917,826	i	Kinetic Concepts, Inc		5.000		11/04/20		2,901,428
	1,994,975	i	Onex Schumacher Finance LP		5.000		07/29/22		1,986,656
	1,000,000	i	Precyse Acquisition Corp		6.500		10/20/22		995,000
	4,000,000	i	VCVH Holding Corp		6.000		05/10/23		3,950,000
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						15,667,863
INSURANCE - 0.4%
	5,334,983	i	Acrisure LLC		6.500		05/19/22		5,286,062
	1,496,250	i	AssuredPartners, Inc		5.750		10/21/22		1,482,230
	1,100,000	i	Asurion LLC		8.500		03/03/21		1,056,000
	1,741,232	i	Asurion LLC		5.000		05/24/19		1,730,715
	2,179,814	i	USI, Inc		4.250		12/27/19		2,147,792
			TOTAL INSURANCE						11,702,799
MATERIALS - 0.2%
	698,250	i	GCP Applied Technologies, Inc		5.250		02/03/22		699,123
	800,000	i	Solenis International LP		7.750		07/29/22		736,664
	3,939,416	i	Tronox Pigments BV		4.500		03/19/20		3,762,143
			TOTAL MATERIALS						5,197,930
MEDIA - 0.5%
	5,210,625	i	CDS US Intermediate Holdings, Inc		5.000		07/08/22		5,065,718
	487,500	i	Match Group, Inc		5.500		11/16/22		489,533
	2,375,000	i	Neptune Finco Corp		5.000		10/09/22		2,375,594
	1,597,400	i	Time, Inc		4.250		04/26/21		1,587,416
	1,963,415	i	Univision Communications, Inc		4.000		03/01/20		1,950,790
	1,346,642	i	Virgin Media Investment Holdings Ltd		3.649		06/30/23		1,312,519
			TOTAL MEDIA						12,781,570
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.1%
	2,150,000	i	NBTY, Inc		5.000		05/05/23		2,130,801
	166,746	i	Valeant Pharmaceuticals International, Inc		5.000		04/01/22		162,113

155

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,695,750	i	Vizient, Inc		6.250	%	02/13/23	$	1,706,348
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						3,999,262
REAL ESTATE - 0.3%
	9,890,100	i	DTZ US Borrower LLC		4.250		11/04/21		9,735,617
	324,188	i	MGM Growth Properties LLC		4.000		04/25/23		324,593
			TOTAL REAL ESTATE						10,060,210
RETAILING - 0.2%
	1,197,000	i	CNT Holdings III Corp		5.250		01/22/23		1,193,505
	1,000,000	i	Men’s Wearhouse, Inc		4.500		06/18/21		960,000
	2,994,975	i	PetSmart, Inc		4.250		03/11/22		2,979,641
			TOTAL RETAILING						5,133,146
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.2%
	4,987,500		Avago Technologies Cayman Finance Ltd		4.250		02/01/23		4,989,844
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						4,989,844
SOFTWARE & SERVICES - 0.5%
	2,050,000	i	Evergreen Skills Lux S.a.r.l.		9.250		04/28/22		922,500
	1,923,363	i	IMS Health, Inc		3.500		03/17/21		1,904,130
	1,287,886	i	Infor US, Inc		3.750		06/03/20		1,254,891
	2,146,870	i	Mitchell International, Inc		4.500		10/13/20		2,109,300
	3,000,000	i	Mitchell International, Inc		8.500		10/11/21		2,772,510
	2,197,142		ProQuest LLC		5.750		10/24/21		2,087,285
	991,892	i	ProQuest LLC		5.750		10/24/21		942,297
	386,938	i	SS&C Technologies Holdings Europe SARL		4.000		07/08/22		386,536
	2,827,796	i	SS&C Technologies Holdings, Inc		4.000		07/08/22		2,824,855
			TOTAL SOFTWARE & SERVICES						15,204,304
TECHNOLOGY HARDWARE & EQUIPMENT - 0.3%
	3,027,125	i	CommScope, Inc		3.750		12/29/22		3,025,248
	2,000,000	h	MKS Instruments, Inc		4.750		05/01/23		2,000,000
	1,965,125	i	Sensata Technologies BV		3.000		10/14/21		1,961,608
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						6,986,856
TELECOMMUNICATION SERVICES - 0.0%
	553,496	i	Internap Network Services Corp		7.000		11/26/19		520,286
			TOTAL TELECOMMUNICATION SERVICES						520,286
			TOTAL BANK LOAN OBLIGATIONS						157,781,533
			(Cost $160,155,983)
BONDS - 87.9%
CORPORATE BONDS - 35.9%
AUTOMOBILES & COMPONENTS - 0.7%
	1,900,000	g	BMW US Capital LLC		2.000		04/11/21		1,924,850
	1,150,000	g	BMW US Capital LLC		2.800		04/11/26		1,180,209
	950,000		Delphi Automotive plc		3.150		11/19/20		977,266
	1,000,000		Ford Motor Co		7.450		07/16/31		1,336,584

156

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,500,000		Ford Motor Co		4.750	%	01/15/43	$	1,583,345
	1,297,000	g	Gates Global LLC		6.000		07/15/22		1,134,875
	2,575,000		General Motors Co		3.500		10/02/18		2,651,156
	1,350,000		General Motors Co		6.600		04/01/36		1,548,810
	1,975,000		General Motors Co		6.750		04/01/46		2,344,165
	800,000		Goodyear Tire & Rubber Co		5.000		05/31/26		815,000
	1,450,000		Magna International, Inc		3.625		06/15/24		1,530,085
	2,000,000	g	Schaeffler Finance BV		4.750		05/15/21		2,042,500
	1,850,000	g	Schaeffler Finance BV		4.750		05/15/23		1,877,750
	175,000	g,o	Schaeffler Holding Finance BV		6.875		08/15/18		178,500
	860,000	g,o	Schaeffler Holding Finance BV		6.250		11/15/19		894,400
	504,821	g,o	Schaeffler Holding Finance BV		6.750		11/15/22		555,303
	600,000		Tenneco, Inc		5.000		07/15/26		608,622
	175,000	g	ZF North America Capital, Inc		4.500		04/29/22		177,406
	350,000	g	ZF North America Capital, Inc		4.750		04/29/25		354,592
			TOTAL AUTOMOBILES & COMPONENTS						23,715,418
BANKS - 4.8%
	1,000,000	g	Akbank TAS		5.125		03/31/25		1,009,472
	1,500,000	g	Banco de Bogota S.A.		6.250		05/12/26		1,526,250
	3,000,000	g	Banco Nacional de Comercio Exterior SNC		4.375		10/14/25		3,130,800
	1,250,000	g	Banco Nacional de Costa Rica		5.875		04/25/21		1,289,625
	900,000		Bancolombia S.A.		5.950		06/03/21		984,150
	3,475,000		Bank of America Corp		3.750		07/12/16		3,476,668
	650,000		Bank of America Corp		5.300		03/15/17		667,357
	25,000		Bank of America Corp		6.000		09/01/17		26,283
	5,000,000		Bank of America Corp		1.950		05/12/18		5,029,400
	1,000,000		Bank of America Corp		5.490		03/15/19		1,081,204
	3,000,000		Bank of America Corp		4.000		01/22/25		3,060,996
	2,150,000		Bank of America Corp		3.875		08/01/25		2,288,348
	1,925,000		Bank of America Corp		4.750		04/21/45		1,967,985
	4,800,000	g	Bank of Nova Scotia		2.150		08/03/16		4,805,342
	1,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		2.350		02/23/17		1,007,684
	950,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		2.350		09/08/19		971,534
	1,250,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		3.250		09/08/24		1,310,860
	1,550,000		Barclays plc		3.650		03/16/25		1,490,432
	750,000	g	BBVA Banco Continental S.A.		2.250		07/29/16		748,366
	900,000	g	BNP Paribas S.A.		4.375		05/12/26		909,306
	375,000		Branch Banking & Trust Co		2.300		10/15/18		384,381
	2,000,000		Capital One Bank USA NA		1.500		03/22/18		1,993,824
	2,350,000		Capital One Bank USA NA		2.950		07/23/21		2,415,161
	300,000		Capital One Bank USA NA		3.375		02/15/23		306,976
	8,975,000		Citigroup, Inc		1.300		11/15/16		8,978,958
	6,575,000		Citigroup, Inc		4.450		09/29/27		6,759,665
	575,000		Citizens Bank NA		2.550		05/13/21		580,614
	2,500,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		4.625		12/01/23		2,637,292
	2,175,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		5.250		08/04/45		2,428,335
	2,700,000		Cooperatieve Rabobank UA		2.500		01/19/21		2,768,675
	1,150,000	g	Credit Agricole S.A.		2.500		04/15/19		1,176,460
	1,075,000	g	Credit Agricole S.A.		2.375		07/01/21		1,087,195
	5,000,000		Deutsche Bank AG		1.875		02/13/18		4,968,695
	1,950,000		Discover Bank		3.100		06/04/20		1,994,657
	2,250,000	g	GTH Finance BV		7.250		04/26/23		2,340,000

157

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	500,000	g	HSBC Bank plc		4.125	%	08/12/20	$	538,258
	2,050,000		HSBC Holdings plc		2.950		05/25/21		2,071,464
	2,500,000		HSBC Holdings plc		3.900		05/25/26		2,580,215
	3,700,000		HSBC USA, Inc		1.625		01/16/18		3,693,407
	1,500,000		JPMorgan Chase & Co		3.150		07/05/16		1,500,000
	3,000,000		JPMorgan Chase & Co		2.000		08/15/17		3,027,984
	1,000,000		JPMorgan Chase & Co		1.800		01/25/18		1,007,902
	700,000		JPMorgan Chase & Co		2.700		05/18/23		707,220
	5,000,000		JPMorgan Chase & Co		3.875		09/10/24		5,173,175
	2,000,000		JPMorgan Chase & Co		3.200		06/15/26		2,056,742
	400,000	i	JPMorgan Chase & Co		5.150		12/30/49		389,040
	775,000		KeyBank NA		2.500		12/15/19		794,712
	1,750,000		KeyBank NA		2.250		03/16/20		1,774,206
	675,000		Lloyds Banking Group plc		3.100		07/06/21		674,501
	775,000	g	Macquarie Bank Ltd		2.600		06/24/19		790,459
	2,200,000		Manufacturers & Traders Trust Co		2.100		02/06/20		2,225,993
	1,225,000		Mitsubishi UFJ Financial Group, Inc		2.950		03/01/21		1,268,910
	1,175,000		Mitsubishi UFJ Financial Group, Inc		3.850		03/01/26		1,282,570
	1,000,000	g,i	Oversea-Chinese Banking Corp Ltd		4.000		10/15/24		1,046,314
	900,000	g	PKO Finance AB		4.630		09/26/22		938,500
	1,675,000		PNC Bank NA		2.200		01/28/19		1,709,066
	2,025,000		PNC Bank NA		2.250		07/02/19		2,068,511
	3,500,000		PNC Bank NA		2.600		07/21/20		3,624,712
	3,000,000		PNC Bank NA		2.950		01/30/23		3,055,995
	2,500,000		PNC Financial Services Group, Inc		3.900		04/29/24		2,683,268
	700,000	g,i	Rabobank Nederland NV		11.000		12/30/49		834,750
	3,000,000	g	Skandinaviska Enskilda Banken AB		2.625		11/17/20		3,091,398
	2,000,000		Sumitomo Mitsui Banking Corp		2.500		07/19/18		2,041,356
	1,500,000		Sumitomo Mitsui Banking Corp		2.450		01/16/20		1,532,993
	1,350,000		SunTrust Banks, Inc		2.900		03/03/21		1,397,907
	575,000		SunTrust Banks, Inc		2.750		05/01/23		578,694
	2,000,000	g	Toronto-Dominion Bank		1.625		09/14/16		2,003,332
	2,700,000		Toronto-Dominion Bank		2.500		12/14/20		2,793,039
	675,000	g	Turkiye Garanti Bankasi AS.		4.750		10/17/19		694,265
	675,000	g	Turkiye Halk Bankasi AS.		4.750		06/04/19		684,842
	1,075,000	g	Turkiye Halk Bankasi AS.		3.875		02/05/20		1,046,298
	1,000,000	g,h	Turkiye Halk Bankasi AS.		5.000		07/13/21		999,450
	500,000	g	Turkiye Is Bankasi		3.750		10/10/18		502,540
	700,000	g	Turkiye Is Bankasi		5.500		04/21/19		729,660
	1,500,000	g	Turkiye Is Bankasi		5.375		10/06/21		1,546,743
	500,000		Union Bank NA		2.125		06/16/17		504,616
	400,000		UnionBanCal Corp		3.500		06/18/22		424,703
	1,800,000		Westpac Banking Corp		2.250		01/17/19		1,837,949
	2,675,000		Westpac Banking Corp		2.850		05/13/26		2,716,802
	1,000,000	g	Zenith Bank plc		6.250		04/22/19		942,700
			TOTAL BANKS						151,190,111
CAPITAL GOODS - 0.8%
	1,300,000		Anixter, Inc		5.125		10/01/21		1,319,500
	150,000		Eaton Corp		4.000		11/02/32		159,477
	1,025,000		Embraer Netherlands Finance BV		5.050		06/15/25		1,011,572
	2,525,000	g	Gold Fields Orogen Holding BVI Ltd		4.875		10/07/20		2,487,125
	900,000		Ingersoll-Rand Luxembourg Finance S.A.		3.550		11/01/24		947,372

158

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,650,000		John Deere Capital Corp		2.550	%	01/08/21	$	1,714,340
	1,675,000		Lockheed Martin Corp		2.500		11/23/20		1,727,945
	1,025,000		Lockheed Martin Corp		3.550		01/15/26		1,118,258
	750,000	g	Manitowoc Foodservice, Inc		9.500		02/15/24		836,250
	2,250,000	g	Molex Electronic Technologies LLC		2.878		04/15/20		2,240,438
	642,640	g	Odebrecht Offshore Drilling Finance Ltd		6.625		10/01/22		114,069
	650,550	g	Odebrecht Offshore Drilling Finance Ltd		6.750		10/01/22		120,352
	2,000,000	g	Sigma Alimentos S.A. de C.V.		4.125		05/02/26		2,030,000
	1,790,000	g	Stena AB		7.000		02/01/24		1,409,625
	475,000		Textron, Inc		3.875		03/01/25		501,580
	2,350,000		Timken Co		3.875		09/01/24		2,375,913
	425,000	g	TransDigm, Inc		6.375		06/15/26		423,938
	1,570,000	g	TSMC Global Ltd		1.625		04/03/18		1,572,099
			TOTAL CAPITAL GOODS						22,109,853
COMMERCIAL & PROFESSIONAL SERVICES - 1.3%
	125,000		21st Century Fox America, Inc		7.625		11/30/28		172,733
	90,000		21st Century Fox America, Inc		6.550		03/15/33		115,063
	575,000		21st Century Fox America, Inc		6.900		08/15/39		769,610
	750,000		AECOM		5.750		10/15/22		765,000
	3,150,000		AECOM		5.875		10/15/24		3,228,750
	1,200,000		Air Lease Corp		3.875		04/01/21		1,236,000
	2,000,000		Clean Harbors, Inc		5.250		08/01/20		2,047,500
	1,975,000		Clean Harbors, Inc		5.125		06/01/21		2,020,662
	5,325,000	g	Daimler Finance North America LLC		2.000		07/06/21		5,322,977
	2,475,000		Equifax, Inc		3.250		06/01/26		2,557,138
	1,000,000	g	Herc Spinoff Escrow Issuer LLC		7.500		06/01/22		982,500
	1,000,000	g	Herc Spinoff Escrow Issuer LLC		7.750		06/01/24		975,000
	3,000,000	g	Iron Mountain, Inc		6.000		10/01/20		3,165,000
	550,000		Quest Diagnostics, Inc		3.450		06/01/26		568,617
	670,000		Republic Services, Inc		3.800		05/15/18		701,026
	1,525,000		Republic Services, Inc		3.200		03/15/25		1,593,709
	375,000	h	Republic Services, Inc		2.900		07/01/26		380,518
	1,000,000		RR Donnelley & Sons Co		7.875		03/15/21		1,035,000
	325,000		RR Donnelley & Sons Co		7.000		02/15/22		318,500
	675,000		RR Donnelley & Sons Co		6.500		11/15/23		627,750
	1,475,000	g	SPL Logistics Escrow LLC		8.875		08/01/20		1,135,750
	1,000,000		United Rentals North America, Inc		7.625		04/15/22		1,067,500
	1,425,000		United Rentals North America, Inc		5.500		07/15/25		1,403,625
	2,550,000		Waste Management, Inc		2.900		09/15/22		2,670,034
	1,325,000		Waste Management, Inc		2.400		05/15/23		1,344,642
	475,000		Waste Management, Inc		3.900		03/01/35		498,021
	550,000		Waste Management, Inc		4.100		03/01/45		597,297
	3,400,000	g	XPO Logistics, Inc		6.500		06/15/22		3,242,750
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						40,542,672
CONSUMER DURABLES & APPAREL - 0.4%
	1,000,000		DR Horton, Inc		5.750		08/15/23		1,110,000
	325,000	g	Hanesbrands, Inc		4.625		05/15/24		325,813
	2,000,000		KB Home		4.750		05/15/19		2,005,000
	2,000,000		Lennar Corp		4.500		06/15/19		2,075,800
	4,000,000		Lennar Corp		4.750		04/01/21		4,160,000
	725,000		Newell Rubbermaid, Inc		3.150		04/01/21		755,371

159

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	625,000		Newell Rubbermaid, Inc		3.900	%	11/01/25	$	654,981
	1,275,000		Newell Rubbermaid, Inc		4.200		04/01/26		1,382,857
	600,000		PulteGroup, Inc		5.500		03/01/26		615,000
	225,000		Whirlpool Corp		3.700		03/01/23		238,596
			TOTAL CONSUMER DURABLES & APPAREL						13,323,418
CONSUMER SERVICES - 1.4%
	750,000	g	1011778 BC / New Red Fin		4.625		01/15/22		761,250
	1,000,000	g	1011778 BC / New Red Fin		6.000		04/01/22		1,037,190
	1,825,000		ADT Corp		6.250		10/15/21		1,950,012
	1,035,000		ADT Corp		3.500		07/15/22		948,319
	5,025,000		American University		4.321		04/01/45		5,250,924
	4,000,000		Amherst College		4.100		11/01/45		4,584,012
	1,500,000	g	Aramark Services, Inc		5.125		01/15/24		1,530,000
	1,000,000	g	Aramark Services, Inc		4.750		06/01/26		980,000
	600,000	g	Boyd Gaming Corp		6.375		04/01/26		627,000
	4,000,000		GLP Capital LP		4.875		11/01/20		4,174,360
	150,000		GLP Capital LP		4.375		04/15/21		154,500
	1,230,000	g	International Game Technology		5.625		02/15/20		1,296,112
	1,070,000	g	International Game Technology		6.250		02/15/22		1,096,525
	2,070,000	g	International Game Technology		6.500		02/15/25		2,085,525
	3,800,000		Metropolitan Museum of Art		3.400		07/01/45		4,021,707
	1,500,000		MGM Resorts International		6.750		10/01/20		1,638,750
	600,000	g	Pinnacle Entertainment, Inc		5.625		05/01/24		598,500
	4,850,000	g	Prime Security Services Borrower LLC		9.250		05/15/23		5,141,000
	2,000,000	g	SABMiller Holdings, Inc		3.750		01/15/22		2,144,740
	500,000		Scientific Games Corp		8.125		09/15/18		489,845
	1,000,000	g	Scientific Games International, Inc		7.000		01/01/22		1,005,000
	1,000,000		Scientific Games International, Inc		10.000		12/01/22		812,500
	1,335,000		Speedway Motorsports, Inc		5.125		02/01/23		1,358,362
			TOTAL CONSUMER SERVICES						43,686,133
DIVERSIFIED FINANCIALS - 4.3%
	2,000,000		AerCap Ireland Capital Ltd		4.625		07/01/22		2,048,160
	3,000,000		Ally Financial, Inc		4.750		09/10/18		3,060,000
	875,000		American Express Centurion Bank		6.000		09/13/17		921,826
	1,725,000		American Express Credit Corp		2.250		05/05/21		1,756,171
	4,000,000	g,i	Armor Re Ltd		4.709		12/15/16		3,980,000
	275,000		Bank of New York Mellon Corp		5.450		05/15/19		305,699
	2,050,000		Bank of New York Mellon Corp		2.500		04/15/21		2,124,474
	2,350,000	g	Bayer US Finance LLC		2.375		10/08/19		2,402,252
	1,000,000	g	BBVA Bancomer S.A.		6.750		09/30/22		1,116,370
	1,000,000	g,i	BBVA Bancomer S.A.		5.350		11/12/29		987,500
	1,225,000		Credit Suisse		2.300		05/28/19		1,241,451
	1,300,000		Credit Suisse		3.000		10/29/21		1,331,745
	3,075,000	g	Credit Suisse Group Funding Guernsey Ltd		3.800		06/09/23		3,068,902
	2,325,000		Credit Suisse Group Funding Guernsey Ltd		3.750		03/26/25		2,276,668
	1,500,000	g	Dana Financing Luxembourg Sarl		6.500		06/01/26		1,460,625
	1,500,000		Ford Motor Credit Co LLC		3.000		06/12/17		1,521,331
	2,050,000		Ford Motor Credit Co LLC		2.551		10/05/18		2,087,894
	3,600,000		Ford Motor Credit Co LLC		3.200		01/15/21		3,708,677
	1,000,000		Ford Motor Credit Co LLC		5.750		02/01/21		1,136,836
	2,625,000		Ford Motor Credit Co LLC		3.336		03/18/21		2,725,454

160

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	2,800,000		Ford Motor Credit Co LLC		4.134	%	08/04/25	$	3,003,473
	4,088,000	g	GE Capital International Funding Co		2.342		11/15/20		4,225,524
	407,000	g	GE Capital International Funding Co		4.418		11/15/35		456,563
	115,000		General Electric Capital Corp		6.875		01/10/39		173,687
	15,000,000		General Motors Financial Co, Inc		2.400		04/10/18		15,117,840
	2,325,000		General Motors Financial Co, Inc		4.200		03/01/21		2,432,545
	3,450,000		General Motors Financial Co, Inc		3.200		07/06/21		3,459,988
	1,175,000		General Motors Financial Co, Inc		4.375		09/25/21		1,240,057
	3,000,000		General Motors Financial Co, Inc		3.450		04/10/22		2,998,254
	1,075,000		General Motors Financial Co, Inc		3.700		05/09/23		1,081,993
	150,000		General Motors Financial Co, Inc		4.250		05/15/23		154,280
	2,890,000		Goldman Sachs Group, Inc		2.375		01/22/18		2,929,535
	1,050,000		Goldman Sachs Group, Inc		3.500		01/23/25		1,079,376
	1,425,000		Goldman Sachs Group, Inc		4.800		07/08/44		1,573,706
	3,400,000		Goldman Sachs Group, Inc		5.150		05/22/45		3,543,052
	950,000		Goldman Sachs Group, Inc		4.750		10/21/45		1,047,622
	2,000,000	g	GrupoSura Finance S.A.		5.500		04/29/26		2,085,000
	1,075,000	g	Hyundai Capital America		2.000		07/01/19		1,081,638
	1,000,000		Icahn Enterprises LP		5.875		02/01/22		940,000
	400,000	g	ICICI Bank Ltd		4.800		05/22/19		425,820
	1,500,000	g	ICICI Bank Ltd		3.500		03/18/20		1,536,905
	1,000,000	g	ICICI Bank Ltd		4.000		03/18/26		1,016,665
	1,300,000		International Lease Finance Corp		3.875		04/15/18		1,323,816
	2,000,000		International Lease Finance Corp		5.875		08/15/22		2,165,000
	2,000,000	g	KOC Holding AS.		5.250		03/15/23		2,074,400
	300,000		Legg Mason, Inc		2.700		07/15/19		306,953
	425,000		Legg Mason, Inc		3.950		07/15/24		429,813
	850,000	g	Lincoln Finance Ltd		7.375		04/15/21		879,750
	450,000	g	LUKOIL International Finance BV		4.563		04/24/23		455,692
	3,000,000		Morgan Stanley		5.450		01/09/17		3,064,167
	5,275,000		Morgan Stanley		1.875		01/05/18		5,305,342
	3,925,000		Morgan Stanley		3.750		02/25/23		4,157,835
	4,700,000		Morgan Stanley		3.700		10/23/24		4,918,668
	1,700,000		Morgan Stanley		4.000		07/23/25		1,821,224
	850,000		Morgan Stanley		3.875		01/27/26		904,971
	2,000,000		Morgan Stanley		4.350		09/08/26		2,093,328
	500,000		Morgan Stanley		6.375		07/24/42		674,873
	250,000		National Rural Utilities Cooperative Finance Corp		10.375		11/01/18		302,076
	1,575,000		Navient Corp		4.875		06/17/19		1,519,875
	1,500,000	g	Nederlandse Waterschapsbank NV		1.875		04/14/22		1,527,900
	2,500,000	g,i	Residential Reinsurance 2016 Ltd		3.509		06/06/20		2,495,250
	1,900,000	g	SUAM Finance BV		4.875		04/17/24		1,971,250
	1,485,000		Synchrony Financial		1.875		08/15/17		1,487,327
	1,000,000	g	Three Gorges Finance I Cayman Islands Ltd		2.300		06/02/21		1,013,770
	1,400,000	g	UBS Group Funding Jersey Ltd		2.950		09/24/20		1,423,891
	1,150,000		Wells Fargo & Co		2.500		03/04/21		1,179,376
	2,675,000		Wells Fargo & Co		4.400		06/14/46		2,716,797
			TOTAL DIVERSIFIED FINANCIALS						137,078,902
ENERGY - 3.4%
	1,700,000		Anadarko Petroleum Corp		4.850		03/15/21		1,803,222
	800,000		Anadarko Petroleum Corp		5.550		03/15/26		883,842
	500,000		Apache Corp		4.750		04/15/43		514,365

161

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	250,000		Apache Corp		4.250	%	01/15/44	$	242,155
	3,600,000		BP Capital Markets plc		1.375		05/10/18		3,605,299
	3,000,000		BP Capital Markets plc		2.315		02/13/20		3,070,989
	1,000,000		BP Capital Markets plc		3.119		05/04/26		1,017,314
	804,000		California Resources Corp		5.000		01/15/20		424,110
	2,617,000	g	California Resources Corp		8.000		12/15/22		1,858,070
	173,000		California Resources Corp		6.000		11/15/24		84,770
	615,000		Calumet Specialty Products Partners LP		6.500		04/15/21		439,725
	500,000		Calumet Specialty Products Partners LP		7.625		01/15/22		353,750
	500,000		Calumet Specialty Products Partners LP		7.750		04/15/23		353,750
	300,000	g	Cheniere Corpus Christi Holdings LLC		7.000		06/30/24		308,064
	3,600,000		Chevron Corp		2.419		11/17/20		3,713,810
	1,735,000		Cimarex Energy Co		4.375		06/01/24		1,815,115
	2,500,000		Cloud Peak Energy Resources LLC		8.500		12/15/19		1,105,275
	1,950,000		Concho Resources, Inc		5.500		04/01/23		1,954,875
	500,000		Crestwood Midstream Partners LP		6.125		03/01/22		459,190
	700,000		Devon Energy Corp		5.000		06/15/45		653,421
	1,750,000		Dynegy, Inc		6.750		11/01/19		1,754,375
	575,000		Ecopetrol S.A.		5.875		09/18/23		592,250
	1,100,000		Ecopetrol S.A.		5.375		06/26/26		1,069,750
	725,000		Enbridge Energy Partners LP		4.375		10/15/20		744,135
	1,400,000		Enbridge Energy Partners LP		5.875		10/15/25		1,548,980
	700,000		Enterprise Products Operating LLC		2.850		04/15/21		723,318
	2,100,000		Enterprise Products Operating LLC		3.750		02/15/25		2,191,264
	750,000		Enterprise Products Operating LLC		5.100		02/15/45		825,253
	1,025,000		EOG Resources, Inc		4.150		01/15/26		1,128,195
	3,250,000		EP Energy LLC		9.375		05/01/20		2,299,375
	2,800,000		EP Energy LLC		6.375		06/15/23		1,680,000
	2,400,000		Exterran Partners LP		6.000		04/01/21		2,148,000
	2,700,000		Exxon Mobil Corp		2.222		03/01/21		2,784,116
	2,825,000		Exxon Mobil Corp		3.043		03/01/26		2,991,107
	1,475,000		Exxon Mobil Corp		4.114		03/01/46		1,660,105
	600,000		Husky Energy, Inc		3.950		04/15/22		620,643
	1,700,000	g	Indo Energy Finance II BV		6.375		01/24/23		942,252
	715,000	g	KMG Finance Sub BV		6.375		04/09/21		781,280
	975,000		Marathon Oil Corp		2.700		06/01/20		918,229
	500,000		Murphy Oil USA, Inc		6.000		08/15/23		517,500
	300,000		Newfield Exploration Co		5.750		01/30/22		303,750
	900,000		Newfield Exploration Co		5.625		07/01/24		900,000
	621,000		Noble Energy, Inc		5.625		05/01/21		646,955
	300,000		Noble Energy, Inc		3.900		11/15/24		304,907
	275,000		Noble Energy, Inc		5.250		11/15/43		283,683
	500,000		Noble Energy, Inc		5.050		11/15/44		503,835
	750,000		Oasis Petroleum, Inc		6.875		03/15/22		693,750
	1,325,000		Occidental Petroleum Corp		2.600		04/15/22		1,357,886
	675,000		Occidental Petroleum Corp		3.500		06/15/25		713,629
	670,000		Occidental Petroleum Corp		3.400		04/15/26		707,010
	1,800,000		ONE Gas, Inc		2.070		02/01/19		1,826,957
	575,000		ONE Gas, Inc		3.610		02/01/24		621,382
	300,000	g	Pacific Rubiales Energy Corp		5.375		01/26/19		55,500
	2,000,000	n	Peabody Energy Corp		6.000		11/15/18		258,750
	815,000		Pemex Project Funding Master Trust		6.625		06/15/35		840,265
	245,000	g	Pertamina Persero PT		4.300		05/20/23		249,074

162

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	500,000	g	Pertamina Persero PT		6.500	%	05/27/41	$	530,051
	1,000,000	i	Petrobras Global Finance BV		2.768		01/15/19		903,500
	840,000		Petrobras Global Finance BV		3.000		01/15/19		778,260
	1,200,000		Petrobras Global Finance BV		4.875		03/17/20		1,125,000
	1,000,000		Petrobras Global Finance BV		8.375		05/23/21		1,032,000
	1,525,000	g	Petroleos Mexicanos		5.500		02/04/19		1,605,063
	325,000		Petroleos Mexicanos		5.500		01/21/21		344,464
	3,400,000	g	Petroleos Mexicanos		6.375		02/04/21		3,696,820
	2,107,000		Petroleos Mexicanos		3.500		01/30/23		1,995,793
	200,000		Petroleos Mexicanos		4.250		01/15/25		192,600
	405,000		Petroleos Mexicanos		5.500		06/27/44		365,938
	675,000		Petroleos Mexicanos		5.625		01/23/46		615,263
	400,000		Petroleum Co of Trinidad & Tobago Ltd		6.000		05/08/22		386,000
	800,000		Pioneer Natural Resources Co		7.500		01/15/20		936,829
	1,725,000		Pioneer Natural Resources Co		3.450		01/15/21		1,781,373
	1,350,000		Pioneer Natural Resources Co		4.450		01/15/26		1,471,535
	950,000		Plains All American Pipeline LP		4.650		10/15/25		959,611
	398,000		Plains All American Pipeline LP		4.900		02/15/45		356,006
	1,800,000		Precision Drilling Trust		6.625		11/15/20		1,647,000
	1,750,000		Questar Market Resources, Inc		6.875		03/01/21		1,767,500
	2,500,000		Range Resources Corp		5.750		06/01/21		2,443,750
	800,000		Regency Energy Partners LP		5.750		09/01/20		839,845
	600,000		Regency Energy Partners LP		6.500		07/15/21		619,974
	570,000		Regency Energy Partners LP		5.875		03/01/22		605,322
	200,000		Regency Energy Partners LP		5.500		04/15/23		201,796
	1,000,000	g	Reliance Holdings USA		5.400		02/14/22		1,119,845
	750,000		Sabine Pass Liquefaction LLC		5.625		02/01/21		757,500
	750,000		Sabine Pass Liquefaction LLC		5.625		03/01/25		747,188
	4,375,000		Shell International Finance BV		3.250		05/11/25		4,592,000
	2,200,000		Shell International Finance BV		4.000		05/10/46		2,245,474
	1,400,000		SM Energy Co		6.125		11/15/22		1,286,250
	300,000		SM Energy Co		6.500		01/01/23		279,000
	200,000		Statoil ASA		1.200		01/17/18		200,319
	375,000		Statoil ASA		2.450		01/17/23		379,801
	675,000		Statoil ASA		4.250		11/23/41		710,996
	2,000,000	g	Sunoco LP		6.250		04/15/21		2,003,740
	1,550,000	g	Sunoco LP		6.375		04/01/23		1,538,375
	160,000		Tesoro Logistics LP		5.500		10/15/19		167,200
	225,000		Tesoro Logistics LP		6.125		10/15/21		232,875
	225,000		Tesoro Logistics LP		6.375		05/01/24		235,688
	500,000		TransCanada PipeLines Ltd		5.850		03/15/36		575,219
	250,000	i	TransCanada PipeLines Ltd		6.350		05/15/67		176,875
	300,000		Vale Overseas Ltd		4.375		01/11/22		281,160
	125,000		Vale Overseas Ltd		6.875		11/21/36		115,000
	500,000		WPX Energy, Inc		7.500		08/01/20		499,060
	100,000		WPX Energy, Inc		8.250		08/01/23		100,250
	1,000,000		WPX Energy, Inc		5.250		09/15/24		880,000
	1,400,000	g	YPF S.A.		8.500		03/23/21		1,501,920
			TOTAL ENERGY						110,675,599
FOOD & STAPLES RETAILING - 0.8%
	860,000	g	Albertsons Cos LLC		6.625		06/15/24		887,950
	4,075,000		CVS Health Corp		2.800		07/20/20		4,241,574

163

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	3,100,000		CVS Health Corp		2.125	%	06/01/21	$	3,136,630
	1,337,000		CVS Health Corp		3.875		07/20/25		1,471,371
	3,100,000		CVS Health Corp		2.875		06/01/26		3,168,429
	2,370,000	g	Fresh Market, Inc		9.750		05/01/23		2,226,319
	1,400,000		Ingles Markets, Inc		5.750		06/15/23		1,417,500
	475,000		SYSCO Corp		2.500		07/15/21		485,441
	1,750,000		Walgreen Co		4.400		09/15/42		1,775,000
	2,400,000		Walgreens Boots Alliance, Inc		2.700		11/18/19		2,479,961
	1,325,000		Walgreens Boots Alliance, Inc		2.600		06/01/21		1,346,844
	2,600,000		Walgreens Boots Alliance, Inc		3.800		11/18/24		2,755,880
	1,025,000		Walgreens Boots Alliance, Inc		3.450		06/01/26		1,053,804
	300,000		Walgreens Boots Alliance, Inc		4.650		06/01/46		320,181
			TOTAL FOOD & STAPLES RETAILING						26,766,884
FOOD, BEVERAGE & TOBACCO - 1.1%
	1,100,000	g	Anadolu Efes Biracilik Ve Malt Sanayii AS.		3.375		11/01/22		992,750
	2,700,000		Anheuser-Busch InBev Finance, Inc		2.650		02/01/21		2,797,899
	4,700,000		Anheuser-Busch InBev Finance, Inc		3.650		02/01/26		5,030,466
	2,050,000		Anheuser-Busch InBev Finance, Inc		4.900		02/01/46		2,401,304
	1,800,000	g	Corp Lindley S.A.		4.625		04/12/23		1,840,500
	1,000,000	g	Embotelladora Andina S.A.		5.000		10/01/23		1,097,160
	1,500,000		Fomento Economico Mexicano SAB de C.V.		2.875		05/10/23		1,499,048
	1,275,000	g	HJ Heinz Co		2.000		07/02/18		1,292,417
	1,375,000	g	HJ Heinz Co		4.875		02/15/25		1,508,284
	1,000,000	g,h	Marfrig Holdings Europe BV		8.000		06/08/23		1,020,500
	800,000		Mead Johnson Nutrition Co		3.000		11/15/20		835,826
	2,000,000		Mondelez International, Inc		4.000		02/01/24		2,188,220
	38,000		PepsiCo, Inc		7.900		11/01/18		43,951
	3,725,000		PepsiCo, Inc		4.450		04/14/46		4,350,219
	5,300,000	g	Pernod-Ricard S.A.		2.950		01/15/17		5,343,958
	900,000	g	Pernod-Ricard S.A.		3.250		06/08/26		921,619
	100,000		Philip Morris International, Inc		6.375		05/16/38		138,391
	825,000	g	Post Holdings, Inc		6.750		12/01/21		872,438
	240,000		Post Holdings, Inc		7.375		02/15/22		252,300
	430,000		Smithfield Foods, Inc		6.625		08/15/22		450,292
	200,000	g	TreeHouse Foods, Inc		6.000		02/15/24		213,360
			TOTAL FOOD, BEVERAGE & TOBACCO						35,090,902
HEALTH CARE EQUIPMENT & SERVICES - 1.0%
	250,000		Becton Dickinson & Co		1.750		11/08/16		250,575
	375,000		Covidien International Finance S.A.		3.200		06/15/22		400,187
	1,225,000		Express Scripts Holding Co		3.900		02/15/22		1,312,962
	800,000		Express Scripts Holding Co		4.500		02/25/26		879,347
	1,750,000		Express Scripts Holding Co		3.400		03/01/27		1,751,923
	630,000	g	Greatbatch Ltd		9.125		11/01/23		627,637
	2,000,000		HCA Holdings, Inc		6.250		02/15/21		2,145,000
	1,165,000		HCA, Inc		6.500		02/15/20		1,291,694
	975,000		HCA, Inc		5.875		03/15/22		1,060,312
	925,000		HealthSouth Corp		5.750		11/01/24		928,700
	1,900,000		Kinetic Concepts, Inc		10.500		11/01/18		1,895,250
	1,125,000	g	LifePoint Health, Inc		5.375		05/01/24		1,127,812
	3,225,000		LifePoint Hospitals, Inc		5.500		12/01/21		3,362,062
	1,725,000		McKesson Corp		4.883		03/15/44		1,968,508

164

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	2,100,000		Medtronic, Inc		4.625	%	03/15/45	$	2,471,152
	1,425,000		Owens & Minor, Inc		3.875		09/15/21		1,474,963
	1,250,000		Stryker Corp		2.625		03/15/21		1,292,124
	500,000		Stryker Corp		3.375		11/01/25		524,967
	3,000,000		Tenet Healthcare Corp		6.250		11/01/18		3,165,000
	225,000		Tenet Healthcare Corp		6.000		10/01/20		237,375
	450,000		Thermo Fisher Scientific, Inc		2.400		02/01/19		457,826
	700,000		Thermo Fisher Scientific, Inc		3.300		02/15/22		728,704
	725,000		Thermo Fisher Scientific, Inc		3.150		01/15/23		741,067
	2,300,000		Zimmer Holdings, Inc		2.700		04/01/20		2,328,115
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						32,423,262
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	1,400,000		Colgate-Palmolive Co		4.000		08/15/45		1,610,671
	375,000		Ecolab, Inc		1.450		12/08/17		375,661
	405,000	g	First Quality Finance Co, Inc		4.625		05/15/21		382,725
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						2,369,057
INSURANCE - 1.0%
	250,000		Aetna, Inc		1.500		11/15/17		251,144
	150,000		Aetna, Inc		6.625		06/15/36		200,092
	1,750,000		Aetna, Inc		4.375		06/15/46		1,811,738
	675,000		Allstate Corp		3.150		06/15/23		717,907
	700,000		Allstate Corp		4.500		06/15/43		814,386
	1,550,000		American International Group, Inc		2.300		07/16/19		1,577,178
	2,350,000		American International Group, Inc		3.300		03/01/21		2,449,772
	400,000		Chubb Corp		6.000		05/11/37		543,296
	80,000		Cigna Corp		5.125		06/15/20		88,780
	1,000,000		Cigna Corp		4.500		03/15/21		1,097,900
	1,175,000		Cigna Corp		3.250		04/15/25		1,200,237
	3,525,000	g	Five Corners Funding Trust		4.419		11/15/23		3,805,830
	250,000		Lincoln National Corp		7.000		06/15/40		322,124
	3,000,000		MetLife, Inc		4.368		09/15/23		3,322,506
	625,000		MetLife, Inc		4.050		03/01/45		616,134
	1,550,000	i	MetLife, Inc		5.250		12/30/49		1,538,375
	1,000,000	g	Onex USI Acquisition Corp		7.750		01/15/21		990,000
	200,000		Principal Financial Group, Inc		1.850		11/15/17		201,095
	750,000		Prudential Financial, Inc		5.400		06/13/35		850,586
	750,000		Prudential Financial, Inc		5.100		08/15/43		831,405
	1,575,000	i	Prudential Financial, Inc		5.200		03/15/44		1,544,287
	2,250,000	i	Prudential Financial, Inc		5.375		05/15/45		2,275,313
	300,000	g	Prudential Funding LLC		6.750		09/15/23		364,798
	175,000	g	Swiss Re Treasury US Corp		2.875		12/06/22		177,250
	450,000	g	Swiss Re Treasury US Corp		4.250		12/06/42		469,549
	300,000		Travelers Cos, Inc		5.800		05/15/18		325,403
	250,000		Travelers Cos, Inc		3.750		05/15/46		261,894
	1,375,000		UnitedHealth Group, Inc		3.750		07/15/25		1,506,905
	625,000		UnitedHealth Group, Inc		3.100		03/15/26		655,757
	2,800,000		UnitedHealth Group, Inc		4.750		07/15/45		3,389,865
	500,000		WellPoint, Inc		4.625		05/15/42		524,819
	150,000		WR Berkley Corp		5.375		09/15/20		166,228
			TOTAL INSURANCE						34,892,553

165

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
MATERIALS - 2.3%
$	500,000		Alcoa, Inc		5.400	%	04/15/21	$	530,625
	425,000		Alcoa, Inc		5.125		10/01/24		423,937
	1,000,000		Axiall Corp		4.875		05/15/23		1,027,500
	659,000		Barrick Gold Corp		4.100		05/01/23		696,774
	450,000	g	Belden, Inc		5.500		09/01/22		453,375
	800,000		Berry Plastics Corp		6.000		10/15/22		827,000
	600,000		BHP Billiton Finance USA Ltd		5.000		09/30/43		694,003
	1,500,000	g	Blue Cube Spinco, Inc		9.750		10/15/23		1,736,250
	855,000	g	Blue Cube Spinco, Inc		10.000		10/15/25		987,525
	1,000,000		Celulosa Arauco y Constitucion S.A.		4.750		01/11/22		1,066,126
	1,175,000	g	Cemex Finance LLC		6.000		04/01/24		1,139,750
	900,000	g	Cemex SAB de C.V.		7.750		04/16/26		945,000
	1,500,000		CF Industries, Inc		7.125		05/01/20		1,730,835
	2,400,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.000		07/17/22		2,373,974
	1,600,000	g	Corp Nacional del Cobre de Chile-CODELCO		4.500		09/16/25		1,675,573
	680,000		Crown Americas LLC		4.500		01/15/23		693,600
	1,850,000		Eagle Spinco, Inc		4.625		02/15/21		1,893,937
	1,445,000		Eastman Chemical Co		2.400		06/01/17		1,458,381
	450,000		Eastman Chemical Co		3.800		03/15/25		475,815
	2,550,000	g	Eldorado Gold Corp		6.125		12/15/20		2,550,000
	850,000	g	Evolution Escrow Issuer LLC		7.500		03/15/22		612,000
	1,000,000	g	GCP Applied Technologies, Inc		9.500		02/01/23		1,117,500
	1,925,000	g	Georgia-Pacific LLC		2.539		11/15/19		1,971,394
	3,000,000	g	Glencore Finance Canada Ltd		3.600		01/15/17		3,001,500
	9,660,000	g	Glencore Funding LLC		2.125		04/16/18		9,418,500
	2,125,000	g	Glencore Funding LLC		4.625		04/29/24		1,986,875
	1,500,000	g	GTL Trade Finance, Inc		5.893		04/29/24		1,322,550
	1,000,000		Hexion US Finance Corp		8.875		02/01/18		867,500
	3,075,000		Hexion US Finance Corp		6.625		04/15/20		2,571,622
	2,350,000		International Paper Co		4.750		02/15/22		2,611,090
	1,975,000	g	Klabin Finance S.A.		5.250		07/16/24		1,940,438
	4,000,000		LyondellBasell Industries NV		5.000		04/15/19		4,331,464
	1,125,000		Nucor Corp		4.000		08/01/23		1,201,913
	1,500,000	g	OCP S.A.		5.625		04/25/24		1,590,000
	2,400,000	g	Owens-Brockway Glass Container, Inc		5.875		08/15/23		2,521,008
	550,000		Packaging Corp of America		3.650		09/15/24		568,350
	680,000		Rock Tenn Co		4.450		03/01/19		718,566
	820,000		Rock Tenn Co		4.900		03/01/22		910,360
	1,000,000		Steel Dynamics, Inc		5.125		10/01/21		1,021,250
	650,000		Steel Dynamics, Inc		5.250		04/15/23		663,000
	500,000		Teck Resources Ltd		3.750		02/01/23		380,000
	1,050,000		Tronox Finance LLC		6.375		08/15/20		779,625
	900,000	g	Union Andina de Cementos SAA		5.875		10/30/21		912,150
	3,125,000	g	Univar, Inc		6.750		07/15/23		3,085,938
	920,000	g	WR Grace & Co-Conn		5.625		10/01/24		943,000
			TOTAL MATERIALS						70,427,573
MEDIA - 1.8%
	2,500,000		AMC Entertainment, Inc		5.875		02/15/22		2,512,500
	1,400,000		CBS Corp		2.300		08/15/19		1,421,546
	1,050,000		CBS Corp		4.000		01/15/26		1,121,290
	4,000,000	g	CCO Holdings LLC		5.875		04/01/24		4,170,000

166

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	2,325,000	g	CCO Safari II LLC		3.579	%	07/23/20	$	2,430,874
	545,000	g	CCO Safari II LLC		4.464		07/23/22		586,787
	2,875,000	g	Charter Communications Operating LLC		4.908		07/23/25		3,133,454
	3,125,000		Comcast Corp		4.250		01/15/33		3,450,625
	1,875,000	g	EMI Music Publishing Group North America Holdings, Inc		7.625		06/15/24		1,926,562
	2,110,000	g	Gannett Co, Inc		4.875		09/15/21		2,162,750
	160,000	g	Gannett Co, Inc		5.500		09/15/24		164,800
	1,800,000	g	Gray Television, Inc		5.875		07/15/26		1,813,500
	1,000,000		Grupo Televisa SAB		4.625		01/30/26		1,081,756
	1,000,000		Lamar Media Corp		5.000		05/01/23		1,030,000
	144,000	g	Lynx I Corp		5.375		04/15/21		147,600
	780,000	g	Lynx II Corp		6.375		04/15/23		780,000
	700,000	g	NBC Universal Enterprise, Inc		1.974		04/15/19		715,630
	925,000	g	Nielsen Finance LLC		5.000		04/15/22		943,500
	3,700,000		Outfront Media Capital LLC		5.250		02/15/22		3,755,500
	300,000		Outfront Media Capital LLC		5.625		02/15/24		309,000
	900,000		Regal Entertainment Group		5.750		06/15/23		906,750
	500,000		Regal Entertainment Group		5.750		02/01/25		492,500
	1,500,000		Scripps Networks Interactive, Inc		2.800		06/15/20		1,523,673
	2,100,000	g	Sirius XM Radio, Inc		5.875		10/01/20		2,173,500
	2,700,000	g	Sirius XM Radio, Inc		5.375		07/15/26		2,659,500
	1,500,000		Time Warner Cable, Inc		5.875		11/15/40		1,634,404
	475,000		Time Warner Cable, Inc		4.500		09/15/42		442,980
	3,600,000		Time Warner, Inc		2.100		06/01/19		3,660,512
	1,276,000		Time Warner, Inc		4.875		03/15/20		1,417,499
	1,000,000		Time Warner, Inc		3.400		06/15/22		1,057,901
	275,000		Time Warner, Inc		6.500		11/15/36		348,923
	1,250,000		Time Warner, Inc		4.650		06/01/44		1,314,794
	750,000	g	Time, Inc		5.750		04/15/22		705,000
	1,525,000	g	Univision Communications, Inc		5.125		05/15/23		1,513,562
	2,050,000	g	Univision Communications, Inc		5.125		02/15/25		2,026,938
	700,000		Viacom, Inc		2.500		12/15/16		703,036
	1,500,000		Viacom, Inc		2.500		09/01/18		1,520,841
	1,000,000		Viacom, Inc		5.850		09/01/43		1,003,212
	300,000	g	Virgin Media Finance plc		6.000		10/15/24		294,750
			TOTAL MEDIA						59,057,949
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.1%
	3,875,000		AbbVie, Inc		2.500		05/14/20		3,966,756
	1,875,000		AbbVie, Inc		3.200		05/14/26		1,895,811
	3,400,000		Actavis Funding SCS		1.850		03/01/17		3,411,546
	3,900,000		Actavis Funding SCS		2.350		03/12/18		3,953,153
	1,575,000		Actavis Funding SCS		3.000		03/12/20		1,622,855
	4,250,000		Actavis Funding SCS		3.800		03/15/25		4,422,125
	1,650,000		Biogen, Inc		2.900		09/15/20		1,719,722
	1,300,000		Celgene Corp		2.125		08/15/18		1,319,430
	1,550,000		Celgene Corp		2.875		08/15/20		1,603,050
	2,400,000		Celgene Corp		3.875		08/15/25		2,561,218
	275,000	g	Endo Finance LLC		6.000		02/01/25		238,563
	1,350,000		Gilead Sciences, Inc		3.500		02/01/25		1,439,871
	1,925,000		Gilead Sciences, Inc		3.650		03/01/26		2,094,437
	800,000	g	Mylan NV		3.750		12/15/20		834,142
	1,325,000	g	Mylan NV		3.150		06/15/21		1,345,543

167

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	575,000		Mylan, Inc		2.550	%	03/28/19	$	582,066
	2,700,000		Novartis Capital Corp		4.000		11/20/45		3,080,057
	400,000		Perrigo Finance plc		4.900		12/15/44		394,791
	675,000		Zoetis, Inc		3.450		11/13/20		696,919
	675,000		Zoetis, Inc		4.500		11/13/25		744,776
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						37,926,831
REAL ESTATE - 1.0%
	350,000		Alexandria Real Estate Equities, Inc		3.950		01/15/27		362,218
	950,000		Brandywine Operating Partnership LP		4.100		10/01/24		968,481
	1,750,000		Brixmor Operating Partnership LP		3.850		02/01/25		1,760,628
	525,000		Brixmor Operating Partnership LP		4.125		06/15/26		539,057
	170,000		Camden Property Trust		4.625		06/15/21		186,767
	1,250,000		Camden Property Trust		2.950		12/15/22		1,264,121
	350,000	g	Communications Sales & Leasing, Inc		6.000		04/15/23		356,125
	725,000		DCT Industrial Operating Partnership LP		4.500		10/15/23		768,182
	700,000		DDR Corp		3.625		02/01/25		702,404
	800,000		DDR Corp		4.250		02/01/26		839,110
	1,000,000		Developers Diversified Realty Corp		4.750		04/15/18		1,043,332
	500,000		Developers Diversified Realty Corp		7.875		09/01/20		603,873
	325,000		Duke Realty LP		3.250		06/30/26		329,686
	1,500,000		Equinix, Inc		5.375		01/01/22		1,548,750
	550,000		Equity One, Inc		3.750		11/15/22		559,277
	775,000		Essex Portfolio LP		3.375		01/15/23		800,463
	200,000		Healthcare Realty Trust, Inc		5.750		01/15/21		224,454
	150,000		Healthcare Realty Trust, Inc		3.750		04/15/23		150,560
	1,500,000		Healthcare Realty Trust, Inc		3.875		05/01/25		1,509,871
	450,000		Healthcare Trust of America Holdings LP		3.375		07/15/21		462,490
	325,000		Healthcare Trust of America Holdings LP		3.700		04/15/23		333,190
	1,783,000		Highwoods Realty LP		5.850		03/15/17		1,833,482
	400,000		Host Hotels & Resorts LP		4.500		02/01/26		421,970
	600,000		Kimco Realty Corp		3.400		11/01/22		629,001
	1,500,000		Mid-America Apartments LP		4.300		10/15/23		1,613,897
	1,000,000		Mid-America Apartments LP		3.750		06/15/24		1,037,602
	850,000		Mid-America Apartments LP		4.000		11/15/25		895,455
	275,000		National Retail Properties, Inc		3.800		10/15/22		290,538
	525,000		National Retail Properties, Inc		3.300		04/15/23		532,857
	550,000		National Retail Properties, Inc		4.000		11/15/25		583,859
	19,000		Regency Centers LP		5.875		06/15/17		19,748
	875,000		Regency Centers LP		3.900		11/01/25		921,123
	210,000		Simon Property Group LP		10.350		04/01/19		255,793
	750,000	g	Trust F/1401		5.250		12/15/24		769,125
	1,100,000	g	Trust F/1401		5.250		01/30/26		1,119,250
	1,150,000		Weingarten Realty Investors		3.375		10/15/22		1,172,745
	450,000		Weingarten Realty Investors		3.500		04/15/23		454,205
	400,000		Weingarten Realty Investors		4.450		01/15/24		425,423
	925,000		Weingarten Realty Investors		3.850		06/01/25		949,395
	975,000		Welltower, Inc		4.000		06/01/25		1,025,211
			TOTAL REAL ESTATE						30,263,718
RETAILING - 1.1%
	3,450,000	g	Argos Merger Sub, Inc		7.125		03/15/23		3,549,187
	1,700,000		Asbury Automotive Group, Inc		6.000		12/15/24		1,712,750

168

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	4,500,000		AutoNation, Inc		5.500	%	02/01/20	$	4,914,617
	875,000		AutoNation, Inc		3.350		01/15/21		896,062
	1,000,000		AutoZone, Inc		3.250		04/15/25		1,037,138
	480,000	g	Family Tree Escrow LLC		5.750		03/01/23		510,000
	703,000	g	Golden Eagle Retail Group Ltd		4.625		05/21/23		579,975
	1,775,000		Home Depot, Inc		2.000		04/01/21		1,823,252
	1,000,000	g	JC Penney Corp, Inc		5.875		07/01/23		1,007,500
	1,000,000		JD.com, Inc		3.125		04/29/21		981,999
	2,100,000		L Brands, Inc		6.875		11/01/35		2,126,250
	2,100,000		L Brands, Inc		6.750		07/01/36		2,098,677
	2,000,000		Macy’s Retail Holdings, Inc		5.900		12/01/16		2,041,192
	2,870,000		Men’s Wearhouse, Inc		7.000		07/01/22		2,410,800
	645,000		O’Reilly Automotive, Inc		4.875		01/14/21		719,453
	295,000		O’Reilly Automotive, Inc		4.625		09/15/21		325,740
	350,000		O’Reilly Automotive, Inc		3.800		09/01/22		376,919
	275,000		O’Reilly Automotive, Inc		3.550		03/15/26		288,480
	2,145,000		Penske Automotive Group, Inc		5.500		05/15/26		2,037,750
	1,100,000	g	Rolls-Royce plc		2.375		10/14/20		1,129,919
	400,000	g	Rolls-Royce plc		3.625		10/14/25		424,757
	2,275,000		Target Corp		2.500		04/15/26		2,333,777
	1,125,000		Target Corp		3.625		04/15/46		1,154,414
			TOTAL RETAILING						34,480,608
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.0%
	800,000	g	Semiconductor Manufacturing International Corp		4.125		10/07/19		830,273
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						830,273
SOFTWARE & SERVICES - 1.0%
	2,150,000		Fidelity National Information Services, Inc		3.625		10/15/20		2,272,468
	6,000,000		Fidelity National Information Services, Inc		5.000		03/15/22		6,251,700
	1,500,000	g	First Data Corp		7.000		12/01/23		1,522,500
	125,000	g	Match Group, Inc		6.375		06/01/24		130,312
	2,350,000		NCR Corp		5.875		12/15/21		2,385,250
	3,000,000	g	Nielsen Co Luxembourg SARL		5.500		10/01/21		3,097,500
	1,000,000	g	Open Text Corp		5.625		01/15/23		1,012,500
	1,925,000	g	Open Text Corp		5.875		06/01/26		1,934,625
	2,675,000	h	Oracle Corp		1.900		09/15/21		2,685,406
	2,675,000	h	Oracle Corp		2.650		07/15/26		2,678,058
	2,675,000	h	Oracle Corp		4.000		07/15/46		2,695,260
	730,000	g	Sabre GLBL, Inc		5.375		04/15/23		746,425
	1,900,000		SS&C Technologies Holdings, Inc		5.875		07/15/23		1,933,250
			TOTAL SOFTWARE & SERVICES						29,345,254
TECHNOLOGY HARDWARE & EQUIPMENT - 0.9%
	3,000,000		Amphenol Corp		1.550		09/15/17		3,000,933
	725,000		Amphenol Corp		3.125		09/15/21		749,526
	2,700,000		Apple, Inc		2.250		02/23/21		2,778,260
	2,200,000		Apple, Inc		3.250		02/23/26		2,337,625
	875,000		Apple, Inc		4.650		02/23/46		985,782
	100,000		CC Holdings GS V LLC		2.381		12/15/17		101,299
	700,000	g	CommScope, Inc		5.000		06/15/21		715,050
	1,200,000	g	CommScope, Inc		5.500		06/15/24		1,218,000
	1,900,000	g	CommScope, Inc		6.000		06/15/25		1,947,500

169

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	675,000	g	Diamond Finance Corp		5.875	%	06/15/21	$	691,797
	650,000	g	Diamond Finance Corp		7.125		06/15/24		679,082
	75,000		General Electric Co		5.250		12/06/17		79,513
	1,140,000	g	Hewlett-Packard Enterprise Co		2.450		10/05/17		1,154,774
	1,194,000		L-3 Communications Corp		3.950		11/15/16		1,206,471
	1,025,000	g	Millicom International Cellular S.A.		6.000		03/15/25		999,375
	4,025,000	g	NXP BV		4.625		06/01/23		4,095,438
	2,350,000	g	Sensata Technologies BV		5.625		11/01/24		2,439,582
	1,375,000		Tyco Electronics Group S.A.		2.375		12/17/18		1,395,353
	2,925,000		Tyco Electronics Group S.A.		2.350		08/01/19		2,969,422
	1,500,000		Tyco Electronics Group S.A.		3.500		02/03/22		1,585,281
	450,000		Tyco Electronics Group S.A.		3.700		02/15/26		474,598
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						31,604,661
TELECOMMUNICATION SERVICES - 1.7%
	2,025,000		American Tower Corp		3.300		02/15/21		2,112,699
	550,000		American Tower Corp		3.500		01/31/23		569,193
	475,000		American Tower Corp		4.400		02/15/26		515,960
	800,000		American Tower Corp		3.375		10/15/26		804,594
	1,975,000		AT&T, Inc		1.400		12/01/17		1,978,190
	2,225,000		AT&T, Inc		2.450		06/30/20		2,271,836
	1,200,000		AT&T, Inc		2.625		12/01/22		1,201,667
	2,475,000		AT&T, Inc		4.450		04/01/24		2,710,603
	5,775,000		AT&T, Inc		3.400		05/15/25		5,910,083
	2,675,000		AT&T, Inc		4.125		02/17/26		2,873,597
	2,975,000		AT&T, Inc		4.500		05/15/35		3,040,036
	1,050,000		AT&T, Inc		4.750		05/15/46		1,076,193
	1,500,000	g	Bharti Airtel International Netherlands BV		5.125		03/11/23		1,620,936
	1,000,000		Citizens Communications Co		7.125		03/15/19		1,060,000
	595,000		Crown Castle International Corp		3.400		02/15/21		621,204
	780,000		Crown Castle International Corp		4.875		04/15/22		856,596
	750,000	g	Deutsche Telekom International Finance BV		2.250		03/06/17		754,972
	1,000,000	g	ENTEL Chile S.A.		4.875		10/30/24		1,019,194
	500,000	g,n	Oi S.A.		5.750		02/10/22		79,950
	500,000		Orange S.A.		5.500		02/06/44		629,816
	3,000,000		T-Mobile USA, Inc		6.542		04/28/20		3,093,750
	1,000,000		T-Mobile USA, Inc		6.250		04/01/21		1,043,120
	925,000		T-Mobile USA, Inc		6.375		03/01/25		966,625
	500,000	g	Turk Telekomunikasyon AS.		4.875		06/19/24		498,765
	1,600,000		Verizon Communications, Inc		3.450		03/15/21		1,714,467
	975,000		Verizon Communications, Inc		4.150		03/15/24		1,075,394
	4,475,000		Verizon Communications, Inc		4.400		11/01/34		4,616,822
	7,513,000		Verizon Communications, Inc		4.272		01/15/36		7,680,142
	1,300,000		Verizon Communications, Inc		3.850		11/01/42		1,225,411
			TOTAL TELECOMMUNICATION SERVICES						53,621,815
TRANSPORTATION - 1.4%
	1,275,000	g	Adani Ports & Special Economic Zone Ltd		3.500		07/29/20		1,268,267
	655,000	g	Asciano Finance Ltd		5.000		04/07/18		676,753
	1,000,000	g	Bombardier, Inc		5.500		09/15/18		990,000
	600,000	g	Bombardier, Inc		7.750		03/15/20		589,500
	600,000	g	Bombardier, Inc		6.125		01/15/23		513,000
	1,000,000	g	Bombardier, Inc		7.500		03/15/25		865,000

170

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	225,000		Bristow Group, Inc		6.250	%	10/15/22	$	169,875
	2,050,000		Canadian Pacific Railway Co		2.900		02/01/25		2,082,693
	650,000		Canadian Pacific Railway Co		4.800		08/01/45		749,916
	2,340,000		CSX Corp		3.350		11/01/25		2,488,061
	3,000,000	g	ERAC USA Finance LLC		2.800		11/01/18		3,074,607
	1,325,000	g	ERAC USA Finance LLC		2.600		12/01/21		1,346,753
	750,000	g	ERAC USA Finance LLC		3.300		12/01/26		770,347
	1,100,000		FedEx Corp		3.250		04/01/26		1,146,082
	1,063,000		GATX Corp		1.250		03/04/17		1,061,554
	2,115,000		GATX Corp		2.375		07/30/18		2,138,053
	4,800,000		GATX Corp		2.500		07/30/19		4,848,898
	1,000,000		GATX Corp		3.250		03/30/25		975,350
	1,000,000		GATX Corp		5.200		03/15/44		1,036,685
	1,500,000		GATX Corp		4.500		03/30/45		1,374,974
	2,674,000		Gulfmark Offshore, Inc		6.375		03/15/22		1,103,025
	4,900,000	g	Kansas City Southern		2.350		05/15/20		4,897,413
	2,875,000	g	Kansas City Southern		4.950		08/15/45		3,230,646
	1,500,000	g	KLX, Inc		5.875		12/01/22		1,470,000
	1,000,000	g	Latam Airlines Group S.A.		7.250		06/09/20		968,750
	2,300,000		Norfolk Southern Corp		4.450		06/15/45		2,536,385
	375,000		Northrop Grumman Corp		1.750		06/01/18		378,589
	900,000	g	Transnet SOC Ltd		4.000		07/26/22		853,326
	800,000	g	TTX Co		3.600		01/15/25		836,878
			TOTAL TRANSPORTATION						44,441,380
UTILITIES - 2.5%
	775,000	g	Abu Dhabi National Energy Co PJSC		3.625		06/22/21		811,968
	245,000	i	AES Corp		3.673		06/01/19		244,388
	425,000		AES Corp		4.875		05/15/23		419,688
	1,800,000		AGL Capital Corp		3.875		11/15/25		1,934,383
	625,000		AGL Capital Corp		4.400		06/01/43		639,698
	700,000		Alabama Power Co		4.150		08/15/44		766,305
	3,000,000		American Electric Power Co, Inc		1.650		12/15/17		3,008,685
	600,000		AmeriGas Partners LP		5.625		05/20/24		604,500
	900,000		AmeriGas Partners LP		5.875		08/20/26		902,250
	250,000		Atmos Energy Corp		8.500		03/15/19		294,730
	925,000		Black Hills Corp		4.250		11/30/23		1,009,183
	406,000	g	Calpine Corp		7.875		01/15/23		428,330
	250,000		Carolina Power & Light Co		5.300		01/15/19		275,256
	275,000		Carolina Power & Light Co		5.700		04/01/35		347,906
	300,000		CenterPoint Energy Resources Corp		6.250		02/01/37		354,159
	1,100,000	g	CEZ AS.		4.250		04/03/22		1,170,415
	1,000,000		CMS Energy Corp		3.600		11/15/25		1,062,402
	200,000		Commonwealth Edison Co		5.900		03/15/36		266,523
	200,000		Connecticut Light & Power Co		5.500		02/01/19		221,291
	1,475,000		Consolidated Edison Co of New York, Inc		4.500		12/01/45		1,677,700
	1,325,000		Consolidated Edison Co of New York, Inc		3.850		06/15/46		1,372,783
	900,000		Consolidated Edison, Inc		2.000		05/15/21		909,538
	1,175,000	g	Diamond Finance Corp		3.480		06/01/19		1,203,682
	2,550,000	g	Diamond Finance Corp		4.420		06/15/21		2,620,903
	1,275,000		Dominion Gas Holdings LLC		4.600		12/15/44		1,327,949
	1,000,000		Duke Energy Corp		2.100		06/15/18		1,008,865
	2,950,000	g	Electricite de France S.A.		2.350		10/13/20		3,014,814

171

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	2,950,000	g	Electricite de France S.A.		3.625	%	10/13/25	$	3,078,142
	1,250,000	g,i	Electricite de France S.A.		5.625		12/30/49		1,190,625
	1,300,000	g	Empresa Electrica Angamos S.A.		4.875		05/25/29		1,277,858
	1,200,000	g	Eskom Holdings SOC Ltd		5.750		01/26/21		1,189,800
	2,100,000		Ferrellgas Partners LP		6.500		05/01/21		1,926,750
	1,050,000		Ferrellgas Partners LP		6.750		01/15/22		955,500
	1,000,000	h	Ferrellgas Partners LP		6.750		06/15/23		877,500
	675,000	g	FirstEnergy Transmission LLC		4.350		01/15/25		713,946
	1,000,000	g	Golden Legacy Pte Ltd		8.250		06/07/21		1,019,034
	1,000,000	g	Hrvatska Elektroprivreda		5.875		10/23/22		1,050,460
	250,000		Indiana Michigan Power Co		7.000		03/15/19		284,038
	900,000		Indiana Michigan Power Co		4.550		03/15/46		1,000,946
	125,000		Integrys Energy Group, Inc		4.170		11/01/20		137,430
	2,500,000	g	Israel Electric Corp Ltd		5.625		06/21/18		2,647,500
	100,000	g	Kansas Gas & Electric		6.700		06/15/19		114,787
	1,375,000		Kinder Morgan, Inc		2.000		12/01/17		1,367,664
	1,000,000		Kinder Morgan, Inc		3.450		02/15/23		972,554
	350,000		LG&E and KU Energy LLC		3.750		11/15/20		375,913
	425,000	g	MPLX LP		5.500		02/15/23		431,836
	800,000		MPLX LP		4.000		02/15/25		727,013
	1,000,000		Nevada Power Co		5.450		05/15/41		1,269,456
	750,000		NiSource Finance Corp		4.800		02/15/44		860,755
	750,000		Northeast Utilities		1.600		01/15/18		754,504
	1,500,000		Northeast Utilities		1.450		05/01/18		1,502,091
	920,000		NRG Energy, Inc		7.875		05/15/21		952,200
	500,000		NRG Energy, Inc		6.625		03/15/23		492,500
	750,000		NTPC Ltd		5.625		07/14/21		850,718
	1,225,000		Oncor Electric Delivery Co LLC		2.150		06/01/19		1,244,817
	1,000,000		Oncor Electric Delivery Co LLC		3.750		04/01/45		1,025,960
	325,000		Pacific Gas & Electric Co		8.250		10/15/18		374,345
	1,275,000		Pacific Gas & Electric Co		4.250		03/15/46		1,417,783
	1,000,000	g	Perusahaan Gas Negara Persero Tbk PT		5.125		05/16/24		1,042,265
	1,375,000	g	Perusahaan Listrik Negara PT		5.500		11/22/21		1,496,028
	50,000		Potomac Electric Power Co		7.900		12/15/38		78,473
	500,000		PPL Capital Funding, Inc		4.200		06/15/22		544,918
	950,000		PPL Capital Funding, Inc		3.100		05/15/26		960,829
	275,000		Progress Energy, Inc		7.050		03/15/19		313,885
	550,000		Public Service Co of Colorado		4.750		08/15/41		662,853
	400,000		Public Service Co of Oklahoma		5.150		12/01/19		445,110
	550,000		Public Service Electric & Gas Co		3.800		03/01/46		597,136
	975,000		Sempra Energy		2.875		10/01/22		997,563
	2,983,000	g	Solar Star Funding LLC		3.950		06/30/35		3,158,743
	1,325,000		Southern Co		4.400		07/01/46		1,425,304
	1,550,000		Southern Power Co		4.150		12/01/25		1,676,914
	1,550,000		Spectra Energy Partners LP		4.500		03/15/45		1,576,592
	850,000	g	Transurban Finance Co Pty Ltd		4.125		02/02/26		903,435
	300,000	h	Western Gas Partners LP		4.650		07/01/26		299,178
	575,000		Williams Partners LP		4.500		11/15/23		551,682
	850,000		Wisconsin Power & Light Co		4.100		10/15/44		923,800
	215,000		Xcel Energy, Inc		4.800		09/15/41		247,256
			TOTAL UTILITIES						77,884,683
			TOTAL CORPORATE BONDS						1,143,749,509
			(Cost $1,121,744,277)

172

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
GOVERNMENT BONDS -  35.7%
FOREIGN GOVERNMENT BONDS - 3.7%
$	1,200,000	g	Abu Dhabi Government International Bond		3.125	%	05/03/26	$	1,236,144
	1,375,000	g	Argentine Republic Government International Bond		6.875		04/22/21		1,467,812
	1,535,000	g	Banque Centrale de Tunisie S.A.		5.750		01/30/25		1,385,338
	640,000		Banque Centrale de Tunisie S.A.		8.250		09/19/27		651,162
	1,950,000	g	Brazil Minas SPE via State of Minas Gerais		5.333		02/15/28		1,740,375
BRL	5,000,000		Brazil Notas do Tesouro Nacional Serie F		10.000		01/01/21		1,454,318
$	900,000		Brazilian Government International Bond		2.625		01/05/23		820,350
	1,450,000		Brazilian Government International Bond		4.250		01/07/25		1,424,625
	500,000		Colombia Government International Bond		4.500		01/28/26		532,500
	2,000,000		Colombia Government International Bond		6.125		01/18/41		2,320,000
	1,575,000	g	Costa Rica Government International Bond		7.158		03/12/45		1,575,000
DOP	63,500,000	g	Dominican Republic International Bond		10.000		01/05/17		1,384,851
$	1,350,000	g,h	Dominican Republic International Bond		6.875		01/29/26		1,491,750
	480,000	g	Dominican Republic International Bond		7.450		04/30/44		528,000
	900,000	g	Ecuador Government International Bond		10.500		03/24/20		891,000
	1,600,000	g	Egypt Government International Bond		5.875		06/11/25		1,400,000
TRY	3,425,000		European Investment Bank		5.750		04/03/18		1,129,006
$	1,500,000	g	Export-Import Bank of China		2.850		09/16/20		1,540,998
	550,000		Export-Import Bank of Korea		1.750		02/27/18		552,315
	2,267,000	g	Gabonese Republic		8.200		12/12/17		2,346,798
	2,575,000	g	Guatemala Government Bond		4.500		05/03/26		2,620,063
	900,000	g	Guatemala Government Bond		4.875		02/13/28		938,250
	1,000,000		Hungary Government International Bond		5.750		11/22/23		1,138,400
	750,000	g	Indonesia Government International Bond		3.375		04/15/23		754,072
	820,000		Israel Government International Bond		4.500		01/30/43		918,269
	630,000		Italy Government International Bond		6.875		09/27/23		790,020
	1,300,000	g,i	Ivory Coast Government International Bond (Step Bond)		5.750		12/31/32		1,210,508
	1,500,000		Jamaica Government International Bond		7.875		07/28/45		1,601,250
	4,000,000		Japan Bank for International Cooperation		2.375		04/20/26		4,177,780
	1,000,000	g	Japan Finance Organization for Municipalities		2.125		02/12/21		1,011,661
	750,000		Korea Development Bank		2.500		03/11/20		771,630
ARS	78,000,000	j	Letras del Banco Central de la Republica Argentina		0.000		07/13/16		5,132,602
MXN	81,000,000		Mexican Bonos		8.500		12/13/18		4,787,092
	81,000,000		Mexican Bonos		6.500		06/10/21		4,629,913
	19,540,000		Mexican Bonos		8.000		12/07/23		1,214,858
	39,000,000		Mexican Bonos		10.000		11/20/36		2,997,453
$	750,000		Mexico Government International Bond		3.625		03/15/22		791,250
	1,050,000		Mexico Government International Bond		3.600		01/30/25		1,098,563
	1,600,000	g	Morocco Government International Bond		5.500		12/11/42		1,728,000
	1,825,000	g	Namibia International Bonds		5.250		10/29/25		1,859,310
	1,343,000	g	Nigeria Government International Bond		6.375		07/12/23		1,292,772
	1,000,000		North American Development Bank		2.400		10/26/22		1,021,296
	1,500,000	g	Pakistan Government International Bond		8.250		09/30/25		1,584,855
	500,000		Panama Government International Bond		5.200		01/30/20		553,750

173

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,500,000		Panama Government International Bond		4.000	%	09/22/24	$	1,612,500
	1,125,000		Panama Government International Bond		3.875		03/17/28		1,192,500
	725,000	g	Paraguay Government International Bond		5.000		04/15/26		770,313
	1,400,000		Peruvian Government International Bond		5.625		11/18/50		1,739,500
PHP	45,000,000		Philippine Government International Bond		3.900		11/26/22		952,583
$	1,500,000	g	Provincia de Mendoza Argentina		8.375		05/19/24		1,552,500
	1,950,000	g	Qatar Government International Bond		3.250		06/02/26		1,989,000
	2,200,000	g	Republic of Angola		9.500		11/12/25		2,178,440
	2,645,000	g	Republic of Ghana		8.125		01/18/26		2,271,526
	1,300,000	g	Republic of Latvia		2.750		01/12/20		1,335,230
	1,000,000	g	Republic of Paraguay		6.100		08/11/44		1,082,500
	2,350,000	g	Republic of Serbia		4.875		02/25/20		2,423,226
	510,649	g,i	Republic of Serbia (Step Bond)		6.750		11/01/24		524,692
	145,900	i	Republic of Serbia		6.750		11/01/24		149,912
RUB	38,000,000		Russian Federal Bond - OFZ		7.000		08/16/23		555,029
$	1,675,000	g	Russian Foreign Bond - Eurobond		4.875		09/16/23		1,826,990
	1,400,000	g	Russian Foreign Bond - Eurobond		5.625		04/04/42		1,583,232
ZAR	50,676,000		South Africa Government Bond		8.250		09/15/17		3,467,975
$	1,600,000		South Africa Government International Bond		5.875		09/16/25		1,781,600
	1,500,000	g	Southern Gas Corridor CJSC		6.875		03/24/26		1,616,250
	1,000,000	g	Sri Lanka Government International Bond		6.250		07/27/21		1,005,775
	1,550,000	g	Sri Lanka Government International Bond		6.850		11/03/25		1,509,867
	3,850,000		Turkey Government International Bond		5.625		03/30/21		4,196,500
	1,000,000		Turkey Government International Bond		4.875		10/09/26		1,053,040
	1,500,000		Turkey Government International Bond		6.625		02/17/45		1,821,627
	1,700,000	g	Ukraine Government International Bond		7.750		09/01/19		1,674,840
	1,125,000		Uruguay Government International Bond		4.375		10/27/27		1,198,125
	1,000,000		Uruguay Government International Bond		5.100		06/18/50		1,000,000
	1,500,000	g	Zambia Government International Bond		8.970		07/30/27		1,297,650
			TOTAL FOREIGN GOVERNMENT BONDS						115,858,881
MORTGAGE BACKED - 21.9%
	2,710,696		Federal Home Loan Mortgage Corp (FHLMC)		3.500		09/15/41		2,847,601
	1,981,006		FHLMC		3.000		12/15/41		2,076,098
	1,839,854		FHLMC		3.000		09/15/42		1,908,624
	14,027,946		FHLMC		3.500		09/15/43		15,053,076
	620,555	i	FHLMC		0.792		07/15/45		618,572
	808		Federal Home Loan Mortgage Corp Gold (FGLMC)		6.500		12/01/16		812
	9,112		FGLMC		7.000		10/01/20		9,628
	19,322		FGLMC		6.500		01/01/29		22,198
	2,005		FGLMC		8.000		01/01/31		2,334
	310,725		FGLMC		5.500		12/01/33		351,613
	431,297		FGLMC		7.000		12/01/33		521,981
	235,232		FGLMC		5.000		01/01/34		263,313
	109,665		FGLMC		4.500		10/01/34		119,917
	169,458		FGLMC		5.500		03/01/35		191,381
	152,888		FGLMC		7.000		05/01/35		184,266
	22,476		FGLMC		5.000		02/01/36		24,969
	397		FGLMC		6.500		05/01/36		457
	191,067		FGLMC		5.000		04/01/38		213,570
	243,155	w	FGLMC		4.500		11/01/40		272,268
	268,606	w	FGLMC		4.500		12/01/40		300,662
	1,861,967		FGLMC		4.500		10/01/44		2,068,923

174

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	317,728		FGLMC		4.500	%	11/01/44	$	352,661
	261,699		FGLMC		4.500		11/01/44		290,827
	112,010		FGLMC		4.500		12/01/44		122,767
	202,306		FGLMC		4.500		12/01/44		224,838
	1,870,969		FGLMC		3.500		04/01/45		2,000,933
	3,807,838		FGLMC		3.500		07/01/45		4,034,274
	14,219,272		FGLMC		3.500		10/01/45		15,193,925
	13,357,524		FGLMC		4.000		12/01/45		14,550,206
	4,690,034		FGLMC		3.500		03/01/46		5,011,857
	1,967,128		FGLMC		4.000		05/01/46		2,135,973
	2,965,367		FGLMC		3.500		06/01/46		3,141,544
	2,752		Federal National Mortgage Association (FNMA)		8.000		03/01/23		2,761
	4,647		FNMA		9.000		11/01/25		5,345
	3,920		FNMA		7.500		01/01/29		4,523
	10,000,000	h	FNMA		2.500		07/25/31		10,346,094
	17,000,000	g,h	FNMA		3.000		07/25/31		17,824,434
	14,000,000	h	FNMA		2.500		08/25/31		14,462,657
	19,000,000	h	FNMA		3.000		08/25/31		19,900,645
	7,000,000	h	FNMA		2.500		09/25/31		7,218,203
	113,703		FNMA		7.000		07/01/32		130,964
	12,493		FNMA		4.500		03/25/33		12,562
	1,614,320		FNMA		5.000		06/01/33		1,798,373
	142,698		FNMA		4.500		10/01/33		156,943
	3,480,034		FNMA		5.000		10/01/33		3,883,886
	191,128		FNMA		5.000		11/01/33		214,244
	156,684		FNMA		5.000		11/01/33		176,401
	146,446		FNMA		5.500		02/01/35		166,007
	6,600,333		FNMA		5.000		05/01/35		7,350,819
	3,676,348		FNMA		5.000		10/01/35		4,089,664
	2,847,489		FNMA		5.000		02/01/36		3,168,720
	2,944,315		FNMA		3.500		03/01/36		3,134,013
	1,791,412		FNMA		3.500		04/01/36		1,906,831
	2,981,977		FNMA		3.500		05/01/36		3,174,110
	3,961,461		FNMA		4.000		06/01/36		4,289,849
	7,070,000	h	FNMA		3.500		07/01/36		7,525,536
	4,245,682		FNMA		5.500		08/01/37		4,816,435
	22,263		FNMA		6.000		09/01/37		25,829
	23,503		FNMA		6.000		09/01/37		27,434
	63,186		FNMA		6.500		09/01/37		72,718
	1,712,958		FNMA		5.500		11/01/38		2,007,511
	955,679		FNMA		5.500		12/01/38		1,093,359
	2,894,466		FNMA		4.500		05/01/39		3,202,263
	146,184		FNMA		4.000		07/01/39		158,593
	310,754		FNMA		5.500		08/01/39		356,276
	521,013		FNMA		4.500		10/01/39		569,808
	685,010		FNMA		5.500		04/01/40		776,004
	572,200		FNMA		4.500		06/01/40		626,825
	600,332		FNMA		5.000		08/01/40		668,293
	1,263,669		FNMA		5.000		09/01/40		1,406,941
	156,906		FNMA		6.000		10/01/40		179,548
	606,275		FNMA		4.500		11/01/40		664,519
	7,287,908		FNMA		4.500		01/01/41		8,126,308

175

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,557,303		FNMA		5.000	%	05/01/41	$	1,734,929
	964,403		FNMA		4.500		09/01/41		1,067,561
	878,935		FNMA		4.500		11/01/41		963,680
	5,004,194		FNMA		5.500		12/01/41		5,800,591
	1,824,583		FNMA		4.500		01/01/42		2,030,119
	1,163,811		FNMA		3.500		02/01/42		1,242,493
	3,343,256		FNMA		4.500		02/01/42		3,664,509
	397,545		FNMA		4.500		03/01/42		445,414
	4,814,288		FNMA		3.000		03/25/42		5,027,655
	1,895,608		FNMA		4.500		04/01/42		2,077,106
	4,255,514		FNMA		4.500		06/01/42		4,656,234
	3,767,064		FNMA		3.000		06/25/42		3,937,577
	4,726,957		FNMA		3.500		07/01/42		5,046,559
	4,237,927	i	FNMA		0.953		08/25/42		4,245,085
	38,845		FNMA		3.000		10/01/42		40,400
	2,094,491		FNMA		3.000		10/01/42		2,178,266
	3,968,385	i	FNMA		0.853		11/25/42		3,967,192
	7,192,683		FNMA		3.500		11/25/42		1,124,587
	7,420,757	w	FNMA		3.000		01/01/43		7,717,483
	9,446,782	w	FNMA		3.000		02/01/43		9,824,687
	2,896,510		FNMA		3.000		02/25/43		3,044,564
	2,593,319	i	FNMA		0.803		03/25/43		2,581,218
	278,087		FNMA		3.000		04/01/43		289,207
	3,187,631		FNMA		3.000		08/25/43		3,357,378
	3,283,346		FNMA		3.500		09/01/43		3,470,819
	2,366,399		FNMA		4.500		02/01/44		2,644,716
	235,764		FNMA		4.000		04/01/44		255,611
	841,726		FNMA		4.000		06/01/44		913,106
	835,471		FNMA		4.000		06/01/44		906,698
	1,972,712		FNMA		4.500		06/01/44		2,204,310
	939,940		FNMA		4.000		07/01/44		1,019,732
	228,567		FNMA		4.000		07/01/44		247,863
	245,412		FNMA		4.000		08/01/44		266,139
	201,839		FNMA		4.000		08/01/44		218,974
	2,297,149		FNMA		4.000		08/01/44		2,492,165
	1,658,633		FNMA		4.000		08/01/44		1,799,412
	168,235		FNMA		4.000		09/01/44		182,374
	232,178		FNMA		4.000		09/01/44		251,920
	1,049,791		FNMA		4.000		10/01/44		1,138,908
	5,647,281		FNMA		4.500		10/01/44		6,310,316
	1,814,762		FNMA		4.000		12/01/44		1,982,427
	1,887,013		FNMA		4.000		12/01/44		2,035,273
	3,111,352		FNMA		4.000		01/01/45		3,399,027
	345,971		FNMA		3.500		03/01/45		370,148
	403,771		FNMA		3.500		03/01/45		431,018
	575,274		FNMA		3.500		03/01/45		615,530
	276,834		FNMA		3.500		03/01/45		295,517
	800,676		FNMA		4.500		03/01/45		894,776
	128,091		FNMA		3.500		04/01/45		136,734
	9,024,597		FNMA		3.500		04/01/45		9,633,604
	560,681		FNMA		3.500		04/01/45		598,520
	4,100,366		FNMA		3.500		05/01/45		4,391,083
	295,975		FNMA		4.000		05/01/45		323,371

176

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,105,209		FNMA		3.500	%	06/01/45	$	1,179,794
	4,820,250		FNMA		4.000		06/01/45		5,266,731
	5,760,815		FNMA		3.500		07/01/45		6,149,590
	7,186,173		FNMA		4.000		07/01/45		7,840,158
	863,669		FNMA		4.000		08/01/45		952,292
	3,980,864		FNMA		4.000		08/01/45		4,274,732
	8,866,000		FNMA		3.500		09/01/45		9,459,142
	2,892,090		FNMA		4.000		11/01/45		3,188,994
	1,472,462		FNMA		3.500		12/01/45		1,571,836
	1,690,544		FNMA		4.000		12/01/45		1,864,090
	3,065,531		FNMA		4.000		12/01/45		3,323,829
	482,113		FNMA		3.500		01/01/46		514,698
	21,469,256		FNMA		3.500		01/01/46		22,668,305
	12,030,616		FNMA		4.000		01/01/46		13,125,166
	3,550,834		FNMA		3.500		02/01/46		3,790,733
	1,994,206		FNMA		4.000		02/01/46		2,175,646
	1,014,236		FNMA		4.000		02/01/46		1,090,949
	30,407,803		FNMA		3.500		03/01/46		32,098,712
	521,178		FNMA		3.500		03/01/46		556,405
	1,094,765		FNMA		3.500		04/01/46		1,168,759
	15,110,801		FNMA		3.500		06/01/46		15,955,352
	974,990		FNMA		4.000		06/01/46		1,046,196
	2,000,000	h	FNMA		3.500		07/25/46		2,109,922
	3,000,000	h	FNMA		4.500		07/25/46		3,274,512
	20,000,000	h	FNMA		3.000		08/25/46		20,717,188
	25,000,000	h	FNMA		4.000		08/25/46		26,775,880
	16,000,000	h	FNMA		4.500		08/25/46		17,454,062
	14,000,000	h	FNMA		3.000		09/25/46		14,471,407
	12,000,000	h	FNMA		4.000		09/25/46		12,835,547
	11,852		Government National Mortgage Association (GNMA)		7.500		11/15/23		13,187
	2,915		GNMA		7.500		08/15/28		2,947
	15,606		GNMA		6.500		12/15/28		17,800
	50,713		GNMA		6.500		03/15/29		58,617
	15,423		GNMA		8.500		10/20/30		18,822
	4,437		GNMA		7.000		06/20/31		5,529
	120,012		GNMA		5.000		02/15/33		133,630
	35,705		GNMA		5.500		07/15/33		40,638
	436,785		GNMA		5.000		09/15/33		491,970
	4,856,429		GNMA		3.700		10/15/33		5,464,654
	73,524		GNMA		5.500		11/20/33		82,809
	289,087		GNMA		5.500		02/20/35		325,590
	96,450		GNMA		5.500		03/20/35		108,610
	37,250		GNMA		6.000		10/20/36		42,963
	39,781		GNMA		6.000		01/20/37		45,882
	61,674		GNMA		6.000		02/20/37		71,313
	53,173		GNMA		5.000		04/15/38		59,547
	41,996		GNMA		5.500		07/15/38		47,374
	75,394		GNMA		5.500		07/20/38		82,881
	30,440		GNMA		6.000		08/20/38		34,766
	13,904		GNMA		4.500		02/20/39		15,251
	25,793		GNMA		4.500		08/20/41		28,281

177

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	73,616		GNMA		4.500	%	09/20/41	$	80,814
	9,273,447		GNMA		3.500		10/20/42		1,687,195
	16,546		GNMA		4.500		01/20/44		18,147
	17,874		GNMA		4.500		02/20/44		19,428
	232,124		GNMA		4.500		05/20/44		254,682
	30,502		GNMA		4.500		05/20/44		33,462
	231,911		GNMA		4.500		08/20/44		254,347
	240,623		GNMA		4.500		09/20/44		263,810
	78,002		GNMA		4.500		10/20/44		85,502
	79,491		GNMA		4.500		11/20/44		87,134
	147,074		GNMA		4.500		12/20/44		161,371
	218,043		GNMA		4.500		02/20/45		238,827
	239,024		GNMA		4.500		08/20/45		262,369
	290,129		GNMA		4.500		08/20/45		318,455
	240,993		GNMA		4.500		12/20/45		264,576
	21,946,238		GNMA		3.500		05/20/46		23,329,693
	7,903,896		GNMA		4.000		05/20/46		8,463,308
	9,000,000	h	GNMA		3.000		07/20/46		9,406,406
	6,000,000	h	GNMA		3.500		07/20/46		6,367,031
	27,000,000	h	GNMA		3.000		08/20/46		28,164,374
	10,000,000	h	GNMA		3.500		08/20/46		10,597,656
	14,000,000	h	GNMA		3.000		09/20/46		14,570,937
	10,000,000	h	GNMA		3.500		09/20/46		10,580,469
			TOTAL MORTGAGE BACKED						694,932,582
MUNICIPAL BONDS - 3.5%
	1,000,000		Anaheim City School District		3.825		08/01/23		1,114,340
	880,000		California Earthquake Authority		1.194		07/01/16		880,000
	2,535,000		California Earthquake Authority		2.805		07/01/19		2,600,479
	5,000,000		California Housing Finance Agency		2.966		08/01/22		5,240,500
	1,000,000		Denver City & County School District No		4.242		12/15/37		1,109,360
	600,000		Denver Health & Hospital Authority		1.700		12/01/16		600,192
	750,000		Denver Health & Hospital Authority		2.250		12/01/17		756,188
	5,000,000		Florida State Board of Administration Finance Corp		2.638		07/01/21		5,214,900
	600,000		Grant County Public Utility District No 2		5.630		01/01/27		749,052
	250,000		Harris County Flood Control District		1.818		10/01/18		256,268
	1,480,000		Illinois Housing Development Authority		4.105		07/01/27		1,563,664
	2,180,000		Indiana Finance Authority		3.066		07/01/29		2,274,699
	2,430,000		Indiana Finance Authority		3.166		07/01/30		2,494,103
	2,295,000		Indiana Finance Authority		3.266		07/01/31		2,358,663
	3,000,000		Indiana Finance Authority		3.624		07/01/36		3,142,590
	2,270,000		Los Angeles County Public Works Financing Authority		2.910		12/01/20		2,384,749
	1,250,000		Los Angeles County Public Works Financing Authority		3.450		12/01/22		1,360,288
	1,000,000		Maine Municipal Bond Bank		3.368		06/01/19		1,061,010
	3,000,000		Maine Municipal Bond Bank		3.668		06/01/20		3,228,600
	500,000		Massachusetts Housing Finance Agency		1.602		12/01/16		500,080
	400,000		Massachusetts Housing Finance Agency		1.776		06/01/17		401,096
	450,000		Massachusetts Housing Finance Agency		1.876		12/01/17		451,908
	250,000		Massachusetts Housing Finance Agency		2.807		12/01/19		256,520
	2,070,000		Massachusetts Housing Finance Agency		4.786		12/01/32		2,231,294
	3,000,000		New York City Transitional Finance Authority Future Tax Secured Revenue		3.100		02/01/22		3,212,640

178

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	2,655,000		New York City Transitional Finance Authority Future Tax Secured Revenue		5.000	%	02/01/23	$	3,138,582
	1,000,000		New York City Transitional Finance Authority Future Tax Secured Revenue		3.780		02/01/26		1,104,200
	2,000,000		New York State Dormitory Authority		3.879		07/01/46		2,076,980
	1,500,000		Oklahoma Water Resources Board		2.794		04/01/21		1,606,815
	1,690,000		Port of Corpus Christi Authority of Nueces County		2.888		12/01/21		1,770,089
	2,000,000		San Francisco Bay Area Rapid Transit District		3.477		07/01/27		2,080,540
	5,000,000		State of California		4.988		04/01/39		5,496,450
	1,000,000		State of Illinois		4.125		01/01/19		1,036,730
	10,000,000		State of Illinois		5.100		06/01/33		9,610,700
	5,000,000		State of Illinois		7.350		07/01/35		5,553,300
	3,000,000		State of Illinois		5.520		04/01/38		2,794,230
	5,000,000		State of Illinois		4.620		06/15/38		5,614,850
	1,250,000		Texas Public Finance Authority		5.250		07/01/17		1,253,475
	1,310,000		Trustees of Boston College		3.519		07/01/21		1,433,507
	5,000,000		University of California		1.910		05/15/21		5,088,850
	500,000		University of California		2.676		05/15/21		525,725
	3,500,000		University of California		4.009		05/15/30		3,970,750
	4,420,000		University of California		3.552		05/15/39		4,679,321
	3,600,000		University of Texas System		3.852		08/15/46		4,109,148
	2,740,000		Virginia Housing Development Authority		3.668		10/01/27		2,908,729
			TOTAL MUNICIPAL BONDS						111,296,154
U.S. TREASURY SECURITIES - 6.6%
	14,035,000		United States Treasury Bond		3.000		05/15/45		16,146,285
	21,165,000		United States Treasury Bond		2.875		08/15/45		23,772,592
	24,417,300		United States Treasury Bond		3.000		11/15/45		28,099,917
	30,230,000		United States Treasury Bond		2.500		02/15/46		31,506,522
	38,000,000		United States Treasury Bond		2.500		05/15/46		39,643,196
	15,144,300	k	United States Treasury Inflation Indexed Bonds		1.000		02/15/46		16,360,175
	95,000		United States Treasury Note		0.875		05/15/19		95,464
	660,000		United States Treasury Note		0.875		06/15/19		663,275
	12,825,000		United States Treasury Note		1.375		05/31/21		13,058,954
	2,580,000		United States Treasury Note		1.125		06/30/21		2,593,101
	100,000		United States Treasury Note		1.750		01/31/23		103,094
	31,650,000		United States Treasury Note		1.625		04/30/23		32,370,765
	2,030,000		United States Treasury Note		1.625		05/31/23		2,076,229
	1,361,000		United States Treasury Note		1.625		05/15/26		1,378,437
			TOTAL U.S. TREASURY SECURITIES						207,868,006
			TOTAL GOVERNMENT BONDS						1,129,955,623
			(Cost $1,102,937,607)
STRUCTURED ASSETS - 16.3%
ASSET BACKED - 6.7%
	284,345	i	ACE Securities Corp Home Equity Loan Trust		1.188		08/25/35		281,085
			Series - 2005 HE5 (Class M2)

179

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	2,500,000	g,i	Anchorage Capital Ltd		2.168	%	04/15/27	$	2,484,856
			Series - 2015 6A (Class A1)
	2,037,402	i	Asset Backed Securities Corp Home Equity Loan Trust		1.183		03/25/35		1,961,423
			Series - 2005 HE1 (Class M1)
	982,475	i	Asset Backed Securities Corp Home Equity Loan Trust		1.158		04/25/35		977,294
			Series - 2005 HE3 (Class M3)
	457,191	i	Asset Backed Securities Corp Home Equity Loan Trust		0.635		07/25/35		455,728
			Series - 2005 HE7 (Class M2)
	2,000,000	g	Avis Budget Rental Car Funding AESOP LLC		4.720		02/20/18		2,021,301
			Series - 2011 5A (Class B)
	4,520,000	g	Avis Budget Rental Car Funding AESOP LLC		2.100		03/20/19		4,542,827
			Series - 2012 3A (Class A)
	2,699,000	g	Avis Budget Rental Car Funding AESOP LLC		1.920		09/20/19		2,705,638
			Series - 2013 1A (Class A)
	5,000,000	g	Avis Budget Rental Car Funding AESOP LLC		2.970		02/20/20		5,126,688
			Series - 2013 2A (Class A)
	3,000,000	g	Avis Budget Rental Car Funding AESOP LLC		3.780		06/20/22		3,094,768
			Series - 2016 1A (Class B)
	5,000,000	g	Avis Budget Rental Car Funding AESOP LLC		3.360		11/20/22		5,058,381
			Series - 2016 2A (Class B)
	3,500,000	g	Avis Budget Rental Car Funding AESOP LLC		4.830		11/20/22		3,538,358
			Series - 2016 2A (Class C)
	382,883	i	Bear Stearns Asset Backed Securities Trust		0.893		03/25/35		382,374
			Series - 2005 AQ1 (Class M1)
	2,186,148	i	Bear Stearns Asset Backed Securities Trust		0.943		07/25/35		2,152,063
			Series - 2005 SD3 (Class 1A)
	1,901,682	i	Bear Stearns Asset Backed Securities Trust		0.853		02/25/36		1,816,212
			Series - 2006 EC2 (Class M1)
	5,000,000	g,i	BlueMountain Ltd		2.056		11/20/24		4,993,904
			Series - 2012 2A (Class A1)
	2,750,000	g,i	Callidus Debt Partners Ltd		6.638		10/23/21		2,547,269
			Series - 2007 6A (Class D)
	1,100,000		Capital Auto Receivables Asset Trust		3.160		11/20/20		1,108,698
			Series - 2015 2 (Class D)
	1,691,581	g	Capital Automotive REIT		4.700		07/15/42		1,737,787
			Series - 2012 1A (Class A)
	10,000,000	g	Capital Automotive REIT		3.660		10/15/44		9,636,123
			Series - 2014 1A (Class A)
	10,353,817	g,i	CBRE Realty Finance		0.927		04/07/52		3,415,263
			Series - 2007 1A (Class A2)
	2,284,718	i,m	CCR, Inc		0.890		07/10/17		2,268,407
			Series - 2010 CX (Class C)
	869,048	g	CCR, Inc		4.750		07/10/22		900,776
			Series - 2012 CA (Class C)
	101,731		Centex Home Equity		5.540		01/25/32		101,486
			Series - 2002 A (Class AF6)
	14,676,425	i	Connecticut Avenue Securities		1.953		07/25/25		14,718,222
			Series - 2015 C03 (Class 1M1)
	488,431	i	Countrywide Asset-Backed Certificates		5.216		10/25/17		486,469
			Series - 2002 S4 (Class A5) (Step Bond)
	4,937,500	g	DB Master Finance LLC		3.262		02/20/45		4,983,419
			Series - 2015 1A (Class A2I)
	4,130,875	g	Domino’s Pizza Master Issuer LLC		5.216		01/25/42		4,251,497
			Series - 2012 1A (Class A2)

180

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,990,000	g	Domino’s Pizza Master Issuer LLC		3.484	%	10/25/45	$	2,021,482
			Series - 2015 1A (Class A2I)
	895,500	g	Domino’s Pizza Master Issuer LLC		4.474		10/25/45		915,264
			Series - 2015 1A (Class A2II)
	2,133,836	i	Dryden XI-Leveraged Loan		4.531		04/12/20		2,133,836
			Series - 2006 11X (Class D)
	1,046,408	i	First Frankin Mortgage Loan Trust		0.693		01/25/36		1,033,252
			Series - 2006 FF1 (Class 2A3)
	272,690	g,i	GMAC Mortgage Corp Loan Trust		1.203		02/25/31		270,136
			Series - 2004 VF1 (Class A1)
	1,266,459	i	GSAMP Trust		0.980		05/25/34		1,160,452
			Series - 2004 HE1 (Class M1)
	3,528,208	i	GSAMP Trust		0.607		02/25/36		3,449,122
			Series - 2006 NC1 (Class A2)
	5,000,000	i	GSAMP Trust		0.943		07/25/45		4,780,050
			Series - 2005 HE4 (Class M2)
	1,520,000	g	Hertz Vehicle Financing LLC		1.830		08/25/19		1,519,275
			Series - 2013 1A (Class A2)
	4,000,000	g	Hertz Vehicle Financing LLC		2.320		03/25/20		4,034,924
			Series - 2016 1A (Class A)
	6,000,000	g	Hertz Vehicle Financing LLC		3.110		07/25/20		6,041,107
			Series - 2016 3A (Class B)
	2,000,000	g	Hertz Vehicle Financing LLC		4.430		07/25/20		2,013,082
			Series - 2016 3A (Class C)
	2,953,073	i	Lehman XS Trust		1.013		08/25/35		2,841,384
			Series - 2005 2 (Class 1A1)
	539,951	i	Lehman XS Trust		0.703		02/25/36		510,057
			Series - 2006 1 (Class 1A1)
	2,893,462	i	MASTR Asset Backed Securities Trust		0.605		10/25/35		2,858,594
			Series - 2005 HE2 (Class M1)
	1,125,000	i	MASTR Asset Backed Securities Trust		5.648		11/25/35		1,109,584
			Series - 2005 AB1 (Class A4) (Step Bond)
	2,000,000	g,i	Mountain View CLO II Ltd		1.031		01/12/21		1,911,900
			Series - 2006 2A (Class B)
	1,202,646		Oakwood Mortgage Investors, Inc		5.410		11/15/32		1,226,289
			Series - 2002 C (Class A1)
	818,578	g	Orange Lake Timeshare Trust		3.030		07/09/29		813,122
			Series - 2014 AA (Class B)
	1,603,517	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		1.233		01/25/36		1,595,300
			Series - 2005 WCH1 (Class M2)
	512,427	i	Renaissance Home Equity Loan Trust		5.392		07/25/34		514,694
			Series - 2004 2 (Class AF4)
	51,386	i	Residential Asset Mortgage Products, Inc		5.470		09/25/33		52,805
			Series - 2003 RZ5 (Class A7) (Step Bond)
	37,478	i	Residential Asset Securities Corp		6.489		10/25/30		37,787
			Series - 2001 KS2 (Class AI6)
	2,850,000	i	Residential Funding Mortgage Securities II, Inc		6.130		09/25/35		2,942,539
			Series - 2005 HI3 (Class M5) (Step Bond)
	81,639	i	Residential Funding Mortgage Securities II, Inc		6.010		02/25/36		81,737
			Series - 2006 HI1 (Class M1) (Step Bond)
	3,500,000	i	Residential Funding Mortgage Securities II, Inc		6.060		02/25/36		3,636,619
			Series - 2006 HI1 (Class M2) (Step Bond)

181

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,000,000	g,i	Sanders Re Ltd		4.259	%	05/05/17	$	992,000
			Series - 2013 144A (Class )
	800,000		Santander Drive Auto Receivables Trust		1.960		05/15/20		804,899
			Series - 2015 5 (Class B)
	4,000,000		Santander Drive Auto Receivables Trust		2.660		11/15/21		4,067,663
			Series - 2016 2 (Class C)
	800,000		Santander Drive Auto Receivables Trust		2.740		12/15/21		811,009
			Series - 2015 5 (Class C)
	5,000,000		Santander Drive Auto Receivables Trust		3.090		04/15/22		5,120,918
			Series - 2016 1 (Class C)
	3,800,000		Santander Drive Auto Receivables Trust		3.390		04/15/22		3,843,748
			Series - 2016 2 (Class D)
	271,686	i	Saxon Asset Securities Trust		6.120		11/25/30		292,161
			Series - 2002 2 (Class AF6) (Step Bond)
	1,135,835	i	Securitized Asset Backed Receivables LLC		0.747		10/25/35		1,089,236
			Series - 2005 OP2 (Class A2C)
	129,086	i	Securitized Asset Backed Receivables LLC		0.753		10/25/35		128,809
			Series - 2006 OP1 (Class A2C)
	102,347	g	Sierra Receivables Funding Co LLC		3.420		03/20/29		102,754
			Series - 2012 2A (Class B)
	1,324,986	g	Sierra Timeshare Receivables Funding LLC		2.430		06/20/32		1,338,405
			Series - 2015 2A (Class A)
	5,356,501	g	Sierra Timeshare Receivables Funding LLC		2.580		09/20/32		5,399,845
			Series - 2015 3A (Class A)
	1,362,977	g	Sierra Timeshare Receivables Funding LLC		3.080		09/20/32		1,367,598
			Series - 2015 3A (Class B)
	1,670,000	g	SLM Private Education Loan Trust		3.310		10/15/46		1,703,423
			Series - 2012 C (Class A2)
	1,942,859	g	SLM Student Loan Trust		3.480		10/15/30		1,980,194
			Series - 2012 B (Class A2)
	812,883	g	SolarCity LMC		4.800		11/20/38		793,858
			Series - 2013 1 (Class A)
	894,539	g	SolarCity LMC		4.590		04/20/44		873,533
			Series - 2014 1 (Class A)
	1,411,152	g	SolarCity LMC		4.020		07/20/44		1,364,374
			Series - 2014 2 (Class A)
	5,307,475	g	SpringCastle America Funding LLC		2.700		05/25/23		5,325,578
			Series - 2014 AA (Class A)
	2,210,851	i	Structured Asset Securities Corp Mortgage Loan Trust		1.957		04/25/35		2,077,443
			Series - 2005 7XS (Class 2A1A)
	1,894,279	i	Structured Asset Securities Corp Mortgage Loan Trust		0.481		02/25/36		1,889,094
			Series - 2006 WF1 (Class A5)
	8,000,000	g	Taco Bell Funding LLC		3.832		05/25/46		8,097,600
			Series - 2016 1A (Class A2I)
	3,500,000	g	Taco Bell Funding LLC		4.377		05/25/46		3,573,500
			Series - 2016 1A (Class A2II)
	4,000,000	g,i	Vitality Re IV Ltd		3.009		01/09/17		4,000,800
			Series - 2013 IV B (Class )
	2,500,000	g,i	Voya Ltd		1.788		04/25/25		2,472,284
			Series - 2013 2A (Class A1)
	366,713	g,m	Wachovia Amortization Controlled Heloc NIM		5.683		08/12/47		372,390
			Series - 2006 N1 (Class N1)

182

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	67,240	g,i	Wachovia Loan Trust		0.806	%	05/25/35	$	65,669
			Series - 2005 SD1 (Class A)
	15,880,000	g	Wendys Funding LLC		3.371		06/15/45		15,967,340
			Series - 2015 1A (Class A2I)
			TOTAL ASSET BACKED						213,168,834
OTHER MORTGAGE BACKED - 9.6%
	2,650,345	i	Adjustable Rate Mortgage Trust		1.503		05/25/35		2,465,562
			Series - 2005 1 (Class 5M1)
	3,817,320	i	American Home Mortgage Investment Trust		2.405		10/25/34		3,708,844
			Series - 2004 3 (Class 4A)
	1,000,000	i	Banc of America Commercial Mortgage Trust		6.009		05/10/45		986,697
			Series - 2006 2 (Class C)
	6,000,000		Banc of America Commercial Mortgage Trust		5.480		10/10/45		5,938,879
			Series - 2006 6 (Class B)
	10,000,000		Banc of America Commercial Mortgage Trust		3.019		06/15/49		10,516,710
			Series - 2016 UB10 (Class ASB)
	4,000,000	g,i	Banc of America Commercial Mortgage Trust		5.821		02/10/51		3,524,548
			Series - 2007 4 (Class E)
	7,500,000	i	Banc of America Commercial Mortgage Trust		5.971		02/10/51		7,001,945
			Series - 2007 5 (Class AJ)
	750,000	g,i	Banc of America Commercial Mortgage Trust		6.000		02/10/51		693,823
			Series - 2007 4 (Class D)
	2,174,077	g,i	Banc of America Large Loan, Inc		6.143		02/15/51		2,195,248
			Series - 2010 UB3 (Class A4B3)
	2,226,000	i	Bear Stearns Commercial Mortgage Securities Trust		6.101		09/11/42		2,320,703
			Series - 2007 T28 (Class AJ)
	427,753		Citicorp Mortgage Securities, Inc		5.500		07/25/35		411,661
			Series - 2005 4 (Class 1A7)
	10,000,000		Citigroup Commercial Mortgage Trust		3.003		05/10/49		10,468,824
			Series - 2016 C1 (Class AAB)
	16,500,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		16,190,229
			Series - 2007 C3 (Class AJ)
	365,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		376,365
			Series - 2007 C3 (Class AM)
	5,000,000	g,i	COMM Mortgage Trust		1.135		12/10/49		4,735,179
			Series - 2007 C9 (Class AJFL)
	253,310	i	Commercial Mortgage Trust		5.238		04/10/37		253,144
			Series - 2005 GG5 (Class AJ)
	4,265,000	i	Commercial Mortgage Trust		6.147		12/10/49		4,183,313
			Series - 2007 GG11 (Class B)
	15,417		Countrywide Alternative Loan Trust		5.500		08/25/16		15,397
			Series - 2004 30CB (Class 1A15)
	1,194,481		Countrywide Alternative Loan Trust		5.000		04/25/20		1,191,338
			Series - 2005 6CB (Class 2A1)
	1,118,933	i	Countrywide Alternative Loan Trust		0.678		07/20/35		931,888
			Series - 2005 24 (Class 4A1)
	1,229,191	i	Countrywide Home Loan Mortgage Pass Through Trust		2.693		11/20/34		1,165,655
			Series - 2004 HYB6 (Class A2)
	154,117		Countrywide Home Loan Mortgage Pass Through Trust		5.250		09/25/35		142,491
			Series - 2005 17 (Class 1A10)
	700,000	g,i	Credit Suisse Commercial Mortgage Trust		5.415		02/25/21		703,549
			Series - 2006 K1A (Class H)

183

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	2,368,000	g,i	Credit Suisse Commercial Mortgage Trust		5.415	%	02/25/21	$	2,380,906
			Series - 2006 K1A (Class J)
	90,000	i	Credit Suisse Commercial Mortgage Trust		5.903		09/15/39		89,492
			Series - 2007 C4 (Class A1AJ)
	6,000,000	i	Credit Suisse Commercial Mortgage Trust		5.949		09/15/39		5,975,450
			Series - 2007 C4 (Class AJ)
	10,000,000	i	Credit Suisse Commercial Mortgage Trust		5.953		09/15/39		10,115,526
			Series - 2007 C4 (Class A1AM)
	1,870,000	g	Credit Suisse Commercial Mortgage Trust		5.383		02/15/40		1,887,516
			Series - 2009 RR1 (Class A3C)
	8,000,000	i	Credit Suisse Commercial Mortgage Trust		5.625		01/15/49		8,019,715
			Series - 2007 C2 (Class AJ)
	10,328		Credit Suisse First Boston Mortgage Securities Corp		4.771		07/15/37		10,323
			Series - 2005 C3 (Class AJ)
	2,083,000	g,i	DBUBS Mortgage Trust		5.549		08/10/44		2,366,580
			Series - 2011 LC3A (Class B)
	6,509,100		GS Mortgage Securities Trust		5.622		11/10/39		5,353,735
			Series - 2006 GG8 (Class AJ)
	1,072,514		GSR Mortgage Loan Trust		6.000		01/25/35		1,083,277
			Series - 2005 1F (Class 3A3)
	1,510,807	i	GSR Mortgage Loan Trust		0.643		08/25/46		1,468,501
			Series - 2006 OA1 (Class 2A1)
	3,514,768	i	HomeBanc Mortgage Trust		0.662		07/25/35		3,286,361
			Series - 2005 3 (Class A1)
	299,725	i	Impac CMB Trust		1.113		03/25/35		274,533
			Series - 2004 11 (Class 2A1)
	2,313,304	i	Impac CMB Trust		0.703		05/25/35		2,069,872
			Series - 0 4 (Class 1A1B)
	4,520,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		4.911		07/15/42		4,515,352
			Series - 2005 LDP2 (Class C)
	310,000	g,i	JP Morgan Chase Commercial Mortgage Securities Trust		5.577		07/15/46		340,894
			Series - 2011 C4 (Class C)
	2,038,734	i	JP Morgan Mortgage Trust		2.705		11/25/33		2,044,066
			Series - 2006 A2 (Class 5A3)
	2,500,000	i	LB-UBS Commercial Mortgage Trust		6.049		06/15/38		2,497,213
			Series - 2006 C4 (Class B)
	3,000,000	i	LB-UBS Commercial Mortgage Trust		5.737		03/15/39		2,997,150
			Series - 2006 C3 (Class C)
	2,000,000	i	LB-UBS Commercial Mortgage Trust		5.533		02/15/40		1,972,741
			Series - 2007 C1 (Class C)
	3,000,000	i	LB-UBS Commercial Mortgage Trust		5.563		02/15/40		2,883,129
			Series - 2007 C1 (Class D)
	1,190,050		Lehman Mortgage Trust		5.500		11/25/35		1,084,330
			Series - 2005 1 (Class 2A4)
	4,883,735	g,i	LVII Resecuritization Trust		3.257		07/25/47		4,892,892
			Series - 2015 A (Class A)
	120,964	i	Merrill Lynch Mortgage Investors, Inc		2.839		12/25/35		120,611
			Series - 2005 A9 (Class 2A1B)
	75,000	i	Merrill Lynch Mortgage Trust		6.472		02/12/51		77,884
			Series - 0 C1 (Class AJA)
	5,455,000	i	ML-CFC Commercial Mortgage Trust		5.526		03/12/51		5,481,563
			Series - 2007 6 (Class AM)
	3,149,500	i	Morgan Stanley Capital I Trust		0.860		02/25/35		2,949,153
			Series - 2005 WMC2 (Class M3)

184

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	4,000,000	g,i	Morgan Stanley Capital I Trust		6.133	%	08/12/41	$	3,991,691
			Series - 2006 T23 (Class B)
	3,700,000	i	Morgan Stanley Capital I Trust		5.389		11/12/41		3,668,453
			Series - 2006 HQ10 (Class AJ)
	1,040,000	i	Morgan Stanley Capital I Trust		5.832		07/12/44		1,038,907
			Series - 2006 HQ9 (Class B)
	1,830,000	i	Morgan Stanley Capital I Trust		5.842		07/12/44		1,811,999
			Series - 2006 HQ9 (Class C)
	82,000	g,i	Morgan Stanley Capital I Trust		5.601		09/15/47		85,479
			Series - 2011 C1 (Class D)
	1,500,000	i	Morgan Stanley Capital I Trust		5.861		04/12/49		1,491,882
			Series - 2007 HQ12 (Class C)
	9,000,000	i	Morgan Stanley Capital I Trust		5.907		06/11/49		8,455,851
			Series - 2007 IQ15 (Class AJ)
	4,000,000	i	Morgan Stanley Capital I Trust		6.298		12/12/49		3,585,140
			Series - 2007 IQ16 (Class AJFX)
	1,000,000	i	Morgan Stanley Capital I Trust		6.319		12/12/49		896,599
			Series - 2007 IQ16 (Class AJA)
	2,363,182	i	Option One Mortgage Loan Trust		0.950		05/25/34		2,179,756
			Series - 2004 2 (Class M1)
	286,110	i	RALI Trust		0.753		01/25/35		271,671
			Series - 2005 QA1 (Class A1)
	1,563,773	i	Structured Adjustable Rate Mortgage Loan Trust		0.793		08/25/35		1,480,352
			Series - 2005 16XS (Class A1)
	10,000,000	i	Structured Agency Credit Risk Debt Note (STACR)		3.103		10/25/24		10,125,265
			Series - 2014 HQ3 (Class M2)
	5,000,000	i	Structured Agency Credit Risk Debt Note (STACR)		3.303		04/25/28		5,140,171
			Series - 2015 DNA3 (Class M2)
	1,967,082	i	Structured Agency Credit Risk Debt Note (STACR)		1.703		10/25/28		1,967,081
			Series - 2016 DNA2 (Class M1)
	1,000,000	i	Structured Agency Credit Risk Debt Note (STACR)		2.653		10/25/28		1,008,108
			Series - 2016 DNA2 (Class M2)
	1,397,935	g,i	Terwin Mortgage Trust		1.233		03/25/35		1,350,397
			Series - 2005 3SL (Class M1)
	6,000,000	g,i	Wachovia Bank Commercial Mortgage Trust		0.646		12/15/43		5,774,081
			Series - 2007 C30 (Class AMFL)
	4,000,000	i	Wachovia Bank Commercial Mortgage Trust		5.789		01/15/45		3,892,376
			Series - 2006 C23 (Class F)
	13,250,000	i	Wachovia Bank Commercial Mortgage Trust		5.825		07/15/45		13,212,367
			Series - 2006 C27 (Class AJ)
	5,000,000	i	Wachovia Bank Commercial Mortgage Trust		5.865		07/15/45		4,695,454
			Series - 2006 C27 (Class B)
	4,750,000	i	Wachovia Bank Commercial Mortgage Trust		6.020		05/15/46		2,794,415
			Series - 2007 C34 (Class F)
	6,650,000	i	Wachovia Bank Commercial Mortgage Trust		6.141		05/15/46		6,583,626
			Series - 2007 C34 (Class AJ)
	14,875,000	i	Wachovia Bank Commercial Mortgage Trust		5.660		04/15/47		14,908,110
			Series - 2007 C31 (Class AJ)
	6,440,000	i	Wachovia Bank Commercial Mortgage Trust		5.829		04/15/47		6,102,275
			Series - 2007 C31 (Class C)
	10,000,000	g	Wachovia Bank Commercial Mortgage Trust		5.703		06/15/49		10,267,704
			Series - 2007 C32 (Class AMFX)
	2,665,000	g,i	Wachovia Bank Commercial Mortgage Trust		5.715		06/15/49		486,913
			Series - 2007 C32 (Class J)

185

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	16,700,000	i	Wachovia Bank Commercial Mortgage Trust		5.750	%	06/15/49	$	16,298,676
			Series - 2007 C32 (Class AJ)
	9,000,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		8,594,521
			Series - 2007 C32 (Class B)
	40,000	i	Wachovia Bank Commercial Mortgage Trust		5.953		02/15/51		41,190
			Series - 2007 C33 (Class AM)
	5,012,500	i	Wells Fargo Alternative Loan Trust		1.128		10/25/35		4,643,512
			Series - 2005 2 (Class M1)
			TOTAL OTHER MORTGAGE BACKED						303,204,779
			TOTAL STRUCTURED ASSETS						516,373,613
			(Cost $520,470,575)
			TOTAL BONDS						2,790,078,745
			(Cost $2,745,152,459)
SHORT-TERM INVESTMENTS - 15.0%
GOVERNMENT AGENCY DEBT - 3.2%
	16,100,000		Federal Home Loan Bank (FHLB)		0.270		07/21/16		16,098,487
	22,550,000		FHLB		0.330		07/19/16		22,548,083
	35,800,000		FHLB		0.345		07/22/16		35,796,456
	25,786,000		Federal Agricultural Mortgage Corp (FAMC)		0.200		07/01/16		25,786,000
			TOTAL GOVERNMENT AGENCY DEBT						100,229,026
TREASURY DEBT - 11.8%
	7,875,000		United States Treasury Bill		0.191		07/07/16		7,874,874
	6,636,000		United States Treasury Bill		0.220		07/14/16		6,635,695
	72,500,000		United States Treasury Bill		0.196-0.300		08/04/16		72,485,428
	50,000,000		United States Treasury Bill		0.261		09/01/16		49,979,050
	50,000,000		United States Treasury Bill		0.195		09/08/16		49,980,700
	4,800,000		United States Treasury Bill		0.252		09/15/16		4,797,806
	50,000,000		United States Treasury Bill		0.210		09/22/16		49,972,200
	82,400,000		United States Treasury Bill		0.236-0.373		09/29/16		82,346,110
	50,000,000		United States Treasury Bill		0.323		10/06/16		49,964,950
			TOTAL TREASURY DEBT						374,036,813
			TOTAL SHORT-TERM INVESTMENTS						474,265,839
			(Cost $474,230,280)
			TOTAL INVESTMENTS - 107.9%						3,422,126,117
			(Cost $3,379,538,722)
			OTHER ASSETS & LIABILITIES, NET - (7.9)%						(249,407,915	)
			NET ASSETS - 100.0%					$	3,172,718,202

	Abbreviation(s):
ARS	Argentine Peso
BRL	Brazilian Real
DOP	Dominican Peso
MXN	Mexican Peso
PHP	Philippine Peso
REIT	Real Estate Investment Trust
RUB	Russian Ruble
TRY	Turkish Lira
ZAR	South African Rand

186

TIAA-CREF FUNDS - Bond Plus Fund

g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 6/30/2016, the aggregate value of these securities was $585,851,062 or 18.5% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
j	Zero coupon
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.
n	In default
o	Payment in Kind Bond
w	All or a portion of these securities have been segregated by the custodian to cover collateral requirements on mortgage dollar rolls.

187

TIAA-CREF FUNDS - High-Yield Fund

TIAA-CREF FUNDS

HIGH-YIELD FUND

SCHEDULE OF INVESTMENTS (unaudited)

June 30, 2016

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
BANK LOAN OBLIGATIONS - 9.2%
AUTOMOBILES & COMPONENTS - 0.3%
$	10,036,504	i	Gates Global LLC		4.250	%	07/06/21	$	9,499,150
			TOTAL AUTOMOBILES & COMPONENTS						9,499,150
CAPITAL GOODS - 0.5%
	12,775,000	i	CHI Overhead Doors, Inc		8.750		07/31/23		12,264,000
	4,249,987	i	Plaze, Inc		5.250		07/29/22		4,228,737
			TOTAL CAPITAL GOODS						16,492,737
COMMERCIAL & PROFESSIONAL SERVICES - 0.7%
	13,275,000	i	SterlingBackcheck		8.750		06/19/23		12,644,437
	8,532,125	i	XPO Logistics, Inc		5.500		11/01/21		8,532,125
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						21,176,562
CONSUMER DURABLES & APPAREL - 0.5%
	11,287,480	i	Academy Ltd		5.000		07/01/22		10,553,794
	6,427,636	i	Otter Products LLC		5.750		06/03/20		5,463,491
			TOTAL CONSUMER DURABLES & APPAREL						16,017,285
CONSUMER SERVICES - 1.6%
	13,275,000	i	CDS US Intermediate Holdings, Inc		9.250		07/10/23		11,947,500
	14,887,500	i	Knowledge Universe Education LLC		6.000		08/13/22		14,713,763
	3,477,101	i	Marina District Finance Co, Inc		6.500		08/15/18		3,472,755
	4,975,570	i	Peninsula Gaming LLC		4.250		11/20/17		4,970,594
	4,764,296	i	Scientific Games International, Inc		6.000		10/18/20		4,700,788
	11,558,755	i	Spin Holdco, Inc		4.250		11/14/19		11,322,725
			TOTAL CONSUMER SERVICES						51,128,125
ENERGY - 0.6%
	12,456,964	i	Arch Coal, Inc		7.500		05/16/18		5,714,632
	8,650,000	i	Granite Acquisition, Inc		8.250		12/19/22		8,109,375
	4,962,500	i	Petrochoice Holdings, Inc		6.000		08/21/22		4,863,250
			TOTAL ENERGY						18,687,257
FOOD & STAPLES RETAILING - 1.2%
	12,718,540	i	Albertsons LLC		4.500		08/25/21		12,691,322
	11,521,125	i	Albertsons LLC		4.750		12/21/22		11,499,581
	2,000,000	i	Rite Aid Corp		5.750		08/21/20		1,997,500
	11,000,000	i	Rite Aid Corp		4.875		06/21/21		10,989,000
			TOTAL FOOD & STAPLES RETAILING						37,177,403
INSURANCE - 1.1%
	20,493,374	i	Acrisure LLC		6.500		05/19/22		20,305,449
	3,740,625	i	AssuredPartners, Inc		5.750		10/21/22		3,705,576

188

TIAA-CREF FUNDS - High-Yield Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	8,800,000	i	Asurion LLC		8.500	%	03/03/21	$	8,448,000
	3,660,494	i	USI, Inc		4.250		12/27/19		3,606,721
			TOTAL INSURANCE						36,065,746
MATERIALS - 0.3%
	12,000,000	i	Solenis International LP		7.750		07/29/22		11,049,960
			TOTAL MATERIALS						11,049,960
MEDIA - 0.4%
	5,275,000	i	Neptune Finco Corp		5.000		10/09/22		5,276,319
	8,562,750	i	Time, Inc		4.250		04/26/21		8,509,233
			TOTAL MEDIA						13,785,552
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.4%
	6,000,000	i	NBTY, Inc		5.000		05/05/23		5,946,420
	5,261,813	i	Vizient, Inc		6.250		02/13/23		5,294,699
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						11,241,119
REAL ESTATE - 0.6%
	17,650,000	h,i	DTZ US Borrower LLC		9.250		11/04/22		17,650,000
			TOTAL REAL ESTATE						17,650,000
SOFTWARE & SERVICES - 0.8%
	14,725,000	i	Evergreen Skills Lux S.a.r.l.		9.250		04/28/22		6,626,250
	12,000,000	i	Mitchell International, Inc		8.500		10/11/21		11,090,040
	10,219,117		ProQuest LLC		5.750		10/24/21		9,708,161
			TOTAL SOFTWARE & SERVICES						27,424,451
TELECOMMUNICATION SERVICES - 0.2%
	5,708,374	i	Internap Network Services Corp		7.000		11/26/19		5,365,871
			TOTAL TELECOMMUNICATION SERVICES						5,365,871
			TOTAL BANK LOAN OBLIGATIONS						292,761,218
			(Cost $314,748,930)
BONDS - 83.6%
CORPORATE BONDS - 83.6%
AUTOMOBILES & COMPONENTS - 1.2%
	14,057,000	g	Gates Global LLC		6.000		07/15/22		12,299,875
	2,875,000		Goodyear Tire & Rubber Co		5.000		05/31/26		2,928,906
	7,550,000	g	Schaeffler Finance BV		4.750		05/15/23		7,663,250
	950,000	g,o	Schaeffler Holding Finance BV		6.875		08/15/18		969,000
	4,140,000	g,o	Schaeffler Holding Finance BV		6.250		11/15/19		4,305,600
	4,057,220	g,o	Schaeffler Holding Finance BV		6.750		11/15/22		4,462,942
	3,000,000		Tenneco, Inc		5.000		07/15/26		3,043,110
	825,000	g	ZF North America Capital, Inc		4.500		04/29/22		836,344
	1,800,000	g	ZF North America Capital, Inc		4.750		04/29/25		1,823,616
			TOTAL AUTOMOBILES & COMPONENTS						38,332,643

189

TIAA-CREF FUNDS - High-Yield Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
BANKS - 1.9%
$	3,500,000	g,i	BNP Paribas S.A.		7.375	%	12/30/49	$	3,426,500
	9,500,000	i	Citigroup, Inc		6.125		12/30/49		9,642,500
	6,700,000	g,i	Credit Agricole S.A.		8.125		12/30/49		6,654,199
	3,700,000	i	ING Groep NV		6.000		12/30/49		3,478,000
	2,600,000	i	JPMorgan Chase & Co		7.900		12/30/49		2,652,000
	4,750,000	g,i	Lloyds Banking Group plc		6.657		12/30/49		5,106,250
	7,500,000	g,i	Nordea Bank AB		5.500		12/30/49		7,125,000
	6,250,000		Royal Bank of Scotland Group plc		6.125		12/15/22		6,555,269
	2,250,000		Royal Bank of Scotland Group plc		6.100		06/10/23		2,301,982
	5,500,000		Royal Bank of Scotland Group plc		6.000		12/19/23		5,590,843
	7,750,000	g,i	Societe Generale S.A.		8.000		12/30/49		7,396,600
			TOTAL BANKS						59,929,143
CAPITAL GOODS - 1.0%
	3,000,000		Anixter, Inc		5.125		10/01/21		3,045,000
	4,335,000	g	Huntington Ingalls Industries, Inc		5.000		12/15/21		4,535,494
	3,100,000	g	Manitowoc Foodservice, Inc		9.500		02/15/24		3,456,500
	14,130,000	g	Stena AB		7.000		02/01/24		11,127,375
	5,000,000		TransDigm, Inc		6.500		07/15/24		5,025,000
	4,075,000	g	TransDigm, Inc		6.375		06/15/26		4,064,812
			TOTAL CAPITAL GOODS						31,254,181
COMMERCIAL & PROFESSIONAL SERVICES - 3.7%
	2,500,000		AECOM		5.750		10/15/22		2,550,000
	6,250,000		AECOM		5.875		10/15/24		6,406,250
	8,150,000		Clean Harbors, Inc		5.250		08/01/20		8,343,562
	7,925,000		Clean Harbors, Inc		5.125		06/01/21		8,108,226
	9,865,000	g	Herc Spinoff Escrow Issuer LLC		7.500		06/01/22		9,692,362
	16,065,000	g	Herc Spinoff Escrow Issuer LLC		7.750		06/01/24		15,663,375
	5,000,000	g,o	Neovia Logistics Intermediate Holdings LLC		10.000		02/15/18		2,500,000
	7,825,000		RR Donnelley & Sons Co		7.875		03/15/21		8,098,875
	1,675,000		RR Donnelley & Sons Co		7.000		02/15/22		1,641,500
	8,650,000		RR Donnelley & Sons Co		6.500		11/15/23		8,044,500
	16,025,000	g	SPL Logistics Escrow LLC		8.875		08/01/20		12,339,250
	2,825,000		United Rentals North America, Inc		7.625		04/15/22		3,015,688
	16,425,000		United Rentals North America, Inc		5.500		07/15/25		16,178,625
	1,175,000		United Rentals North America, Inc		5.875		09/15/26		1,166,188
	16,000,000	g	XPO Logistics, Inc		6.500		06/15/22		15,260,000
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						119,008,401
CONSUMER DURABLES & APPAREL - 1.6%
	2,125,000	g	Hanesbrands, Inc		4.625		05/15/24		2,130,312
	7,000,000		KB Home		4.750		05/15/19		7,017,500
	5,575,000		KB Home		7.000		12/15/21		5,602,875
	1,900,000		KB Home		7.625		05/15/23		1,928,500
	14,500,000		Lennar Corp		4.750		04/01/21		15,080,000
	7,925,000		Orbital ATK, Inc		5.500		10/01/23		8,261,813
	1,500,000		PulteGroup, Inc		4.250		03/01/21		1,546,500
	3,000,000		PulteGroup, Inc		5.500		03/01/26		3,075,000
	1,800,000		Standard Pacific Corp		8.375		01/15/21		2,074,500
	1,900,000		Standard Pacific Corp		5.875		11/15/24		1,957,000
	1,900,000		Toll Brothers Finance Corp		5.875		02/15/22		2,044,400
			TOTAL CONSUMER DURABLES & APPAREL						50,718,400

190

TIAA-CREF FUNDS - High-Yield Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
CONSUMER SERVICES - 7.4%
$	4,500,000	g	1011778 BC / New Red Fin		4.625	%	01/15/22	$	4,567,500
	9,900,000	g	1011778 BC / New Red Fin		6.000		04/01/22		10,268,181
	6,351,000		ADT Corp		6.250		10/15/21		6,786,043
	7,575,000		ADT Corp		3.500		07/15/22		6,940,594
	3,727,000		Boyd Gaming Corp		9.000		07/01/20		3,915,679
	4,000,000	g	Boyd Gaming Corp		6.375		04/01/26		4,180,000
	1,750,000		GLP Capital LP		4.375		04/15/21		1,802,500
	3,000,000		GLP Capital LP		5.375		04/15/26		3,105,000
	5,000,000		International Game Technology		7.500		06/15/19		5,537,500
	9,210,000	g	International Game Technology		5.625		02/15/20		9,705,038
	8,035,000	g	International Game Technology		6.250		02/15/22		8,234,188
	14,785,000	g	International Game Technology		6.500		02/15/25		14,895,887
	2,000,000		MGM Resorts International		5.250		03/31/20		2,095,000
	4,250,000		MGM Resorts International		6.750		10/01/20		4,643,125
	11,250,000		MGM Resorts International		6.000		03/15/23		11,868,750
	10,250,000		Penn National Gaming, Inc		5.875		11/01/21		10,429,375
	4,000,000	g	Pinnacle Entertainment, Inc		5.625		05/01/24		3,990,000
	59,725,000	g	Prime Security Services Borrower LLC		9.250		05/15/23		63,308,500
	1,500,000		Scientific Games Corp		8.125		09/15/18		1,469,535
	4,000,000		Scientific Games International, Inc		6.250		09/01/20		2,530,000
	14,500,000	g	Scientific Games International, Inc		7.000		01/01/22		14,572,500
	16,000,000		Scientific Games International, Inc		10.000		12/01/22		13,000,000
	4,800,000	g	Six Flags Entertainment Corp		4.875		07/31/24		4,740,000
	4,665,000		Speedway Motorsports, Inc		5.125		02/01/23		4,746,638
	18,000,000	g	Wynn Las Vegas LLC		5.500		03/01/25		17,415,000
			TOTAL CONSUMER SERVICES						234,746,533
DIVERSIFIED FINANCIALS - 4.5%
	5,950,000		AerCap Ireland Capital Ltd		5.000		10/01/21		6,188,000
	6,500,000		AerCap Ireland Capital Ltd		4.625		07/01/22		6,656,520
	4,750,000		Aircastle Ltd		5.000		04/01/23		4,826,950
	5,000,000		Ally Financial, Inc		3.250		02/13/18		5,000,000
	6,000,000		Ally Financial, Inc		4.750		09/10/18		6,120,000
	5,000,000		Ally Financial, Inc		4.125		02/13/22		4,962,500
	3,000,000	g	CIT Group, Inc		5.500		02/15/19		3,138,750
	5,000,000		CIT Group, Inc		3.875		02/19/19		5,025,000
	5,600,000	g,i	Credit Suisse Group AG.		6.250		12/30/49		5,270,037
	7,500,000	g	Dana Financing Luxembourg Sarl		6.500		06/01/26		7,303,125
	831,000		General Motors Acceptance Corp LLC		8.000		11/01/31		974,347
	10,000,000		GMAC, Inc		8.000		11/01/31		11,575,000
	11,425,000		Icahn Enterprises LP		5.875		02/01/22		10,739,500
	8,000,000		International Lease Finance Corp		6.250		05/15/19		8,618,800
	3,600,000		International Lease Finance Corp		8.250		12/15/20		4,256,352
	2,000,000		International Lease Finance Corp		4.625		04/15/21		2,060,000
	5,000,000		International Lease Finance Corp		5.875		08/15/22		5,412,500
	3,550,000	g	Lincoln Finance Ltd		7.375		04/15/21		3,674,250
	11,325,000		Navient Corp		5.500		01/15/19		11,375,963
	13,100,000		Navient Corp		4.875		06/17/19		12,641,500
	8,000,000		Navient Corp		6.125		03/25/24		7,020,000
	11,200,000		NewStar Financial, Inc		7.250		05/01/20		10,416,000
			TOTAL DIVERSIFIED FINANCIALS						143,255,094

191

TIAA-CREF FUNDS - High-Yield Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
ENERGY - 11.6%
$	2,000,000		Ashland, Inc		6.875	%	05/15/43	$	2,000,000
	1,034,000		California Resources Corp		5.000		01/15/20		545,435
	2,183,000		California Resources Corp		5.500		09/15/21		1,102,415
	19,760,000	g	California Resources Corp		8.000		12/15/22		14,029,600
	4,151,000		California Resources Corp		6.000		11/15/24		2,033,990
	9,460,000		Calumet Specialty Products Partners LP		6.500		04/15/21		6,763,900
	4,585,000		Calumet Specialty Products Partners LP		7.625		01/15/22		3,243,887
	10,500,000		Calumet Specialty Products Partners LP		7.750		04/15/23		7,428,750
	1,400,000	g	Cheniere Corpus Christi Holdings LLC		7.000		06/30/24		1,437,632
	12,950,000		Cloud Peak Energy Resources LLC		8.500		12/15/19		5,725,325
	7,800,000		Concho Resources, Inc		6.500		01/15/22		7,985,250
	2,450,000		Concho Resources, Inc		5.500		04/01/23		2,456,125
	4,000,000		Continental Resources, Inc		7.375		10/01/20		4,120,000
	3,200,000		Continental Resources, Inc		7.125		04/01/21		3,304,000
	6,500,000		Continental Resources, Inc		5.000		09/15/22		6,335,095
	2,000,000		Crestwood Midstream Partners LP		6.125		03/01/22		1,836,760
	4,945,000	g	Crestwood Midstream Partners LP		6.250		04/01/23		4,549,400
	1,900,000		Denbury Resources, Inc		6.375		08/15/21		1,311,000
	4,750,000		Denbury Resources, Inc		5.500		05/01/22		3,206,250
	8,750,000		Dynegy, Inc		6.750		11/01/19		8,771,875
	5,000,000		Dynegy, Inc		7.375		11/01/22		4,825,000
	5,000,000		Dynegy, Inc		7.625		11/01/24		4,793,750
	11,000,000		EP Energy LLC		9.375		05/01/20		7,782,500
	6,030,000		EP Energy LLC		7.750		09/01/22		3,678,300
	8,400,000		EP Energy LLC		6.375		06/15/23		5,040,000
	14,900,000		Exterran Partners LP		6.000		04/01/21		13,335,500
	7,500,000		Exterran Partners LP		6.000		10/01/22		6,637,500
	2,500,000		Murphy Oil USA, Inc		6.000		08/15/23		2,587,500
	3,000,000		Newfield Exploration Co		5.750		01/30/22		3,037,500
	3,600,000		Newfield Exploration Co		5.375		01/01/26		3,501,000
	11,900,000		Oasis Petroleum, Inc		6.875		03/15/22		11,007,500
	1,845,000		Oasis Petroleum, Inc		6.875		01/15/23		1,678,950
	4,800,000	n	Peabody Energy Corp		6.000		11/15/18		621,000
	5,500,000	n	Peabody Energy Corp		6.500		09/15/20		728,750
	9,500,000	n	Peabody Energy Corp		6.250		11/15/21		1,258,750
	4,750,000	g,n	Peabody Energy Corp		10.000		03/15/22		629,375
	3,000,000	n	Peabody Energy Corp		4.750		12/15/41		15,000
	2,665,000		Precision Drilling Corp		6.500		12/15/21		2,391,838
	2,562,000		Precision Drilling Corp		5.250		11/15/24		2,049,600
	11,391,000		Precision Drilling Trust		6.625		11/15/20		10,422,765
	7,335,000		Questar Market Resources, Inc		6.875		03/01/21		7,408,350
	22,825,000		Range Resources Corp		5.750		06/01/21		22,311,437
	4,000,000		Regency Energy Partners LP		5.750		09/01/20		4,199,224
	3,923,000		Regency Energy Partners LP		5.875		03/01/22		4,166,100
	10,835,000		Sabine Pass Liquefaction LLC		5.625		02/01/21		10,943,350
	7,500,000		Sabine Pass Liquefaction LLC		5.625		04/15/23		7,528,125
	1,000,000		Sabine Pass Liquefaction LLC		5.750		05/15/24		992,500
	12,100,000		Sabine Pass Liquefaction LLC		5.625		03/01/25		12,054,625
	5,445,000		Sabine Pass LNG LP		6.500		11/01/20		5,666,203
	9,000,000		SM Energy Co		6.500		11/15/21		8,482,500

192

TIAA-CREF FUNDS - High-Yield Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	5,850,000		SM Energy Co		6.125	%	11/15/22	$	5,374,688
	5,795,000		SM Energy Co		6.500		01/01/23		5,389,350
	8,000,000	g	Sunoco LP		5.500		08/01/20		7,900,000
	8,000,000	g	Sunoco LP		6.250		04/15/21		8,014,960
	10,250,000	g	Sunoco LP		6.375		04/01/23		10,173,125
	8,000,000		Targa Resources Partners LP		5.000		01/15/18		8,140,000
	4,350,000		Tesoro Corp		5.375		10/01/22		4,437,000
	4,800,000		Tesoro Logistics LP		5.500		10/15/19		5,016,000
	2,000,000		Tesoro Logistics LP		5.875		10/01/20		2,050,000
	2,450,000		Tesoro Logistics LP		6.125		10/15/21		2,535,750
	2,000,000		Tesoro Logistics LP		6.250		10/15/22		2,085,000
	2,450,000		Tesoro Logistics LP		6.375		05/01/24		2,566,375
	3,800,000		Transocean, Inc		6.000		03/15/18		3,857,000
	15,650,000		Transocean, Inc		8.125		12/15/21		13,224,250
	1,900,000		Transocean, Inc		5.050		10/15/22		1,344,250
	6,220,000		Transocean, Inc		6.800		03/15/38		4,058,550
	5,650,000		Whiting Petroleum Corp		5.000		03/15/19		5,198,000
	8,000,000		WPX Energy, Inc		7.500		08/01/20		7,984,960
	6,750,000		WPX Energy, Inc		6.000		01/15/22		6,277,500
	5,950,000		WPX Energy, Inc		8.250		08/01/23		5,964,875
			TOTAL ENERGY						369,552,814
FOOD & STAPLES RETAILING - 1.6%
	8,500,000	g	Albertsons Cos LLC		6.625		06/15/24		8,776,250
	30,685,000	g	Fresh Market, Inc		9.750		05/01/23		28,824,722
	12,960,000		Ingles Markets, Inc		5.750		06/15/23		13,122,000
			TOTAL FOOD & STAPLES RETAILING						50,722,972
FOOD, BEVERAGE & TOBACCO - 1.0%
	3,500,000		Constellation Brands, Inc		4.750		12/01/25		3,688,125
	7,150,000	g	Post Holdings, Inc		6.750		12/01/21		7,561,125
	13,335,000		Post Holdings, Inc		7.375		02/15/22		14,018,419
	5,509,000		Smithfield Foods, Inc		6.625		08/15/22		5,768,969
	1,400,000	g	TreeHouse Foods, Inc		6.000		02/15/24		1,493,520
			TOTAL FOOD, BEVERAGE & TOBACCO						32,530,158
HEALTH CARE EQUIPMENT & SERVICES - 4.8%
	5,000,000		CHS/Community Health Systems		5.125		08/01/21		4,962,500
	8,525,000		CHS/Community Health Systems		6.875		02/01/22		7,459,375
	3,047,000	g	Fresenius Medical Care Capital Trust		5.750		02/15/21		3,382,170
	9,935,000	g	Greatbatch Ltd		9.125		11/01/23		9,897,744
	575,000		HCA Holdings, Inc		6.250		02/15/21		616,687
	10,000,000		HCA, Inc		6.500		02/15/20		11,087,500
	13,600,000		HCA, Inc		7.500		02/15/22		15,463,200
	1,800,000		HCA, Inc		5.875		03/15/22		1,957,500
	13,350,000		HCA, Inc		5.375		02/01/25		13,683,750
	19,250,000		HCA, Inc		5.875		02/15/26		19,971,875
	900,000		HCA, Inc		7.500		11/06/33		957,937
	7,125,000		HealthSouth Corp		5.125		03/15/23		6,982,500
	4,625,000		HealthSouth Corp		5.750		11/01/24		4,643,500
	9,200,000		Kinetic Concepts, Inc		10.500		11/01/18		9,177,000
	7,000,000		Kinetic Concepts, Inc		12.500		11/01/19		6,615,000
	1,000,000	g	Kinetic Concepts, Inc		7.875		02/15/21		1,063,120

193

TIAA-CREF FUNDS - High-Yield Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	6,075,000		LifePoint Health, Inc		5.875	%	12/01/23	$	6,318,000
	3,425,000	g	LifePoint Health, Inc		5.375		05/01/24		3,433,563
	3,325,000		LifePoint Hospitals, Inc		5.500		12/01/21		3,466,312
	7,500,000		Tenet Healthcare Corp		6.750		02/01/20		7,406,250
	4,450,000		Tenet Healthcare Corp		6.000		10/01/20		4,694,750
	8,000,000		Tenet Healthcare Corp		8.125		04/01/22		8,198,400
	1,750,000		Tenet Healthcare Corp		6.875		11/15/31		1,410,938
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						152,849,571
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	4,800,000	g	First Quality Finance Co, Inc		4.625		05/15/21		4,536,000
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						4,536,000
INSURANCE - 0.3%
	9,750,000	g	Onex USI Acquisition Corp		7.750		01/15/21		9,652,500
			TOTAL INSURANCE						9,652,500
MATERIALS - 8.2%
	1,900,000		Alcoa, Inc		6.150		08/15/20		2,056,750
	6,550,000		Alcoa, Inc		5.400		04/15/21		6,951,187
	4,750,000		Alcoa, Inc		5.125		10/01/24		4,738,125
	2,750,000		ArcelorMittal		6.250		08/05/20		2,887,500
	4,750,000		ArcelorMittal		6.500		03/01/21		4,880,625
	2,750,000		ArcelorMittal		7.250		02/25/22		2,894,375
	3,700,000		ArcelorMittal		8.000		10/15/39		3,589,000
	5,700,000		ArcelorMittal		7.750		03/01/41		5,429,250
	3,500,000		Axiall Corp		4.875		05/15/23		3,596,250
	3,700,000	g	Belden, Inc		5.500		09/01/22		3,727,750
	4,750,000		Berry Plastics Corp		5.500		05/15/22		4,862,812
	17,025,000		Berry Plastics Corp		6.000		10/15/22		17,599,594
	1,900,000		Berry Plastics Corp		5.125		07/15/23		1,900,000
	20,000,000	g	Blue Cube Spinco, Inc		9.750		10/15/23		23,150,000
	11,400,000	g	Blue Cube Spinco, Inc		10.000		10/15/25		13,167,000
	10,425,000	g	Cemex SAB de C.V.		7.750		04/16/26		10,946,250
	2,000,000		Crown Americas LLC		4.500		01/15/23		2,040,000
	4,500,000	g	CVR Partners LP		9.250		06/15/23		4,578,750
	3,641,000		Eagle Spinco, Inc		4.625		02/15/21		3,727,474
	14,400,000	g	Eldorado Gold Corp		6.125		12/15/20		14,400,000
	13,700,000	g	Evolution Escrow Issuer LLC		7.500		03/15/22		9,864,000
	900,000	g	FMG Resources August 2006 Pty Ltd		9.750		03/01/22		994,500
	7,350,000	g	GCP Applied Technologies, Inc		9.500		02/01/23		8,213,625
	10,450,000		Hexion US Finance Corp		8.875		02/01/18		9,065,375
	15,460,000		Hexion US Finance Corp		6.625		04/15/20		12,929,198
	13,200,000		Hexion US Finance Corp		9.000		11/15/20		8,712,000
	1,250,000	g	Kaiser Aluminum Corp		5.875		05/15/24		1,284,375
	11,250,000	g	Owens-Brockway Glass Container, Inc		5.875		08/15/23		11,817,225
	1,650,000		PolyOne Corp		5.250		03/15/23		1,662,375
	685,000	g	Sealed Air Corp		6.500		12/01/20		779,188
	5,000,000	g	Standard Industries, Inc		5.125		02/15/21		5,137,500
	9,500,000	g	Standard Industries, Inc		5.500		02/15/23		9,713,750
	1,675,000		Steel Dynamics, Inc		5.125		10/01/21		1,710,594
	650,000		Steel Dynamics, Inc		6.375		08/15/22		682,500
	2,850,000	g	Teck Resources Ltd		8.000		06/01/21		2,935,500

194

TIAA-CREF FUNDS - High-Yield Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	6,650,000		Teck Resources Ltd		6.125	%	10/01/35	$	4,754,750
	9,500,000		Teck Resources Ltd		6.250		07/15/41		6,745,000
	13,940,000		Tronox Finance LLC		6.375		08/15/20		10,350,450
	13,370,000	g	Univar, Inc		6.750		07/15/23		13,202,875
	1,540,000	g	WR Grace & Co-Conn		5.625		10/01/24		1,578,500
			TOTAL MATERIALS						259,255,972
MEDIA - 8.9%
	7,500,000		AMC Entertainment, Inc		5.875		02/15/22		7,537,500
	5,000,000		AMC Entertainment, Inc		5.750		06/15/25		4,975,000
	1,960,000		CCO Holdings LLC		6.625		01/31/22		2,067,800
	20,900,000		CCO Holdings LLC		5.750		01/15/24		21,995,160
	20,000,000	g	CCO Holdings LLC		5.875		04/01/24		20,850,000
	4,750,000	g	CCO Holdings LLC		5.375		05/01/25		4,821,250
	4,075,000		Cinemark USA, Inc		4.875		06/01/23		4,024,062
	940,000		Clear Channel Worldwide Holdings, Inc		7.625		03/15/20		857,750
	13,110,000		Clear Channel Worldwide Holdings, Inc		7.625		03/15/20		12,474,165
	2,010,000		Clear Channel Worldwide Holdings, Inc		6.500		11/15/22		1,934,625
	6,550,000		DISH DBS Corp		5.875		07/15/22		6,369,875
	4,030,000		DISH DBS Corp		5.000		03/15/23		3,667,300
	7,200,000	g	DISH DBS Corp		7.750		07/01/26		7,434,000
	12,275,000	g	EMI Music Publishing Group North America Holdings, Inc		7.625		06/15/24		12,612,562
	1,400,000	g	Gannett Co, Inc		4.875		09/15/21		1,435,000
	3,375,000	g	Gannett Co, Inc		5.500		09/15/24		3,476,250
	11,400,000	g	Gray Television, Inc		5.875		07/15/26		11,485,500
	675,000	g	Lynx I Corp		5.375		04/15/21		691,875
	3,800,000	g	Lynx II Corp		6.375		04/15/23		3,800,000
	14,250,000	g	Neptune Finco Corp		10.125		01/15/23		15,960,000
	16,150,000	g	Neptune Finco Corp		10.875		10/15/25		18,491,750
	11,875,000	g	Nielsen Finance LLC		5.000		04/15/22		12,112,500
	17,000,000	g	Numericable Group S.A.		6.000		05/15/22		16,532,500
	9,650,000	g	Numericable-SFR S.A.		7.375		05/01/26		9,541,437
	850,000		Outfront Media Capital LLC		5.250		02/15/22		862,750
	1,350,000		Outfront Media Capital LLC		5.625		02/15/24		1,390,500
	5,650,000		Regal Entertainment Group		5.750		06/15/23		5,692,375
	750,000		Regal Entertainment Group		5.750		02/01/25		738,750
	8,400,000	g	Sirius XM Radio, Inc		5.875		10/01/20		8,694,000
	8,100,000	g	Sirius XM Radio, Inc		5.375		07/15/26		7,978,500
	5,138,000		Starz LLC		5.000		09/15/19		5,234,338
	12,250,000	g	Time, Inc		5.750		04/15/22		11,515,000
	6,896,000	g	Univision Communications, Inc		6.750		09/15/22		7,275,280
	5,000,000	g	Univision Communications, Inc		5.125		05/15/23		4,962,500
	15,050,000	g	Univision Communications, Inc		5.125		02/15/25		14,880,687
	3,025,000	g	Virgin Media Finance plc		6.000		10/15/24		2,972,063
	6,000,000	g	Virgin Media Secured Finance plc		5.250		01/15/26		5,812,500
			TOTAL MEDIA						283,157,104
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.5%
	2,577,000	g	Endo Finance LLC		7.750		01/15/22		2,390,167
	2,375,000	g	Endo Finance LLC		5.875		01/15/23		2,060,312
	6,700,000	g	Endo Finance LLC		6.000		02/01/25		5,812,250
	6,875,000	g	Mallinckrodt International Finance S.A.		5.750		08/01/22		6,544,141
	7,342,000		Mallinckrodt International Finance S.A.		4.750		04/15/23		5,983,730

195

TIAA-CREF FUNDS - High-Yield Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	4,750,000	g	Mallinckrodt International Finance S.A.		5.625	%	10/15/23	$	4,423,438
	1,900,000	g	Mallinckrodt International Finance S.A.		5.500		04/15/25		1,695,028
	4,080,000	g	Valeant Pharmaceuticals International, Inc		6.750		08/15/18		3,925,450
	4,500,000	g	Valeant Pharmaceuticals International, Inc		7.000		10/01/20		3,971,250
	2,450,000	g	Valeant Pharmaceuticals International, Inc		5.625		12/01/21		2,021,250
	5,000,000	g	VRX Escrow Corp		5.875		05/15/23		4,037,500
	6,250,000	g	VRX Escrow Corp		6.125		04/15/25		5,015,625
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						47,880,141
REAL ESTATE - 0.8%
	6,300,000	g	Communications Sales & Leasing, Inc		6.000		04/15/23		6,410,250
	3,800,000		Communications Sales & Leasing, Inc		8.250		10/15/23		3,847,500
	2,975,000		Equinix, Inc		4.875		04/01/20		3,086,562
	5,625,000		Equinix, Inc		5.375		01/01/22		5,807,813
	7,350,000		Equinix, Inc		5.875		01/15/26		7,662,375
			TOTAL REAL ESTATE						26,814,500
RETAILING - 3.3%
	20,800,000	g	Argos Merger Sub, Inc		7.125		03/15/23		21,398,000
	9,475,000		Asbury Automotive Group, Inc		6.000		12/15/24		9,546,062
	3,440,000	g	Family Tree Escrow LLC		5.750		03/01/23		3,655,000
	13,500,000	g	Guitar Center, Inc		6.500		04/15/19		11,610,000
	1,275,000		JC Penney Corp, Inc		5.650		06/01/20		1,198,500
	5,800,000	g	JC Penney Corp, Inc		5.875		07/01/23		5,843,500
	3,000,000		JC Penney Corp, Inc		6.375		10/15/36		2,271,600
	6,650,000		L Brands, Inc		6.875		11/01/35		6,733,125
	9,550,000		L Brands, Inc		6.750		07/01/36		9,543,984
	19,570,000		Men’s Wearhouse, Inc		7.000		07/01/22		16,438,800
	5,000,000		Penske Automotive Group, Inc		5.375		12/01/24		4,825,000
	7,145,000		Penske Automotive Group, Inc		5.500		05/15/26		6,787,750
	5,000,000		Sonic Automotive, Inc		7.000		07/15/22		5,275,000
			TOTAL RETAILING						105,126,321
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.2%
	5,000,000		Micron Technology, Inc		5.500		02/01/25		4,250,000
	4,500,000	g	Micron Technology, Inc		5.625		01/15/26		3,746,250
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						7,996,250
SOFTWARE & SERVICES - 2.8%
	9,500,000	g	First Data Corp		7.000		12/01/23		9,642,500
	4,500,000	g	First Data Corp		5.000		01/15/24		4,511,250
	6,750,000	g	First Data Corp		5.750		01/15/24		6,690,937
	2,000,000	g	IMS Health, Inc		6.000		11/01/20		2,035,000
	4,750,000	g,o	Infor Software Parent LLC		7.125		05/01/21		4,227,500
	825,000	g	Match Group, Inc		6.375		06/01/24		860,063
	2,000,000	g	MSCI, Inc		5.750		08/15/25		2,075,000
	6,350,000		NCR Corp		5.875		12/15/21		6,445,250
	4,750,000		NCR Corp		6.375		12/15/23		4,845,000
	3,000,000	g	Nielsen Co Luxembourg SARL		5.500		10/01/21		3,097,500
	5,000,000	g	Open Text Corp		5.625		01/15/23		5,062,500
	9,600,000	g	Open Text Corp		5.875		06/01/26		9,648,000
	3,900,000	g	Sabre GLBL, Inc		5.375		04/15/23		3,987,750
	2,000,000	g	Sabre GLBL, Inc		5.250		11/15/23		2,035,000

196

TIAA-CREF FUNDS - High-Yield Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	14,000,000	g	Sixsigma Networks Mexico S.A. de C.V.		8.250	%	11/07/21	$	13,982,500
	8,400,000		SS&C Technologies Holdings, Inc		5.875		07/15/23		8,547,000
			TOTAL SOFTWARE & SERVICES						87,692,750
TECHNOLOGY HARDWARE & EQUIPMENT - 2.9%
	3,500,000	g	CommScope, Inc		5.000		06/15/21		3,575,250
	23,700,000	g	CommScope, Inc		6.000		06/15/25		24,292,500
	6,650,000	g	Diamond Finance Corp		5.875		06/15/21		6,815,485
	4,750,000	g	Diamond Finance Corp		5.450		06/15/23		4,925,398
	6,575,000	g	Diamond Finance Corp		7.125		06/15/24		6,869,179
	4,750,000	g	Diamond Finance Corp		6.020		06/15/26		4,928,139
	4,750,000	g	Diamond Finance Corp		8.350		07/15/46		5,118,125
	8,000,000	g	NXP BV		4.625		06/15/22		8,120,000
	8,075,000	g	NXP BV		4.625		06/01/23		8,216,313
	4,750,000	g	NXP Funding LLC		5.750		02/15/21		4,934,063
	9,500,000	g	Western Digital Corp		7.375		04/01/23		10,117,500
	3,575,000		Zebra Technologies Corp		7.250		10/15/22		3,789,500
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						91,701,452
TELECOMMUNICATION SERVICES - 6.8%
	9,500,000	g	Altice Financing S.A.		6.500		01/15/22		9,595,000
	3,550,000	g	Altice Financing S.A.		6.625		02/15/23		3,485,638
	2,000,000		CenturyLink, Inc		5.625		04/01/20		2,070,000
	6,000,000		CenturyLink, Inc		6.450		06/15/21		6,082,500
	7,300,000		CenturyLink, Inc		5.800		03/15/22		7,087,862
	4,375,000		CenturyLink, Inc		6.750		12/01/23		4,298,437
	3,200,000		Citizens Communications Co		7.125		03/15/19		3,392,000
	2,750,000		Citizens Communications Co		9.000		08/15/31		2,418,281
	9,400,000		Frontier Communications Corp		8.500		04/15/20		9,975,750
	14,095,000		Frontier Communications Corp		8.875		09/15/20		15,046,413
	4,750,000		Frontier Communications Corp		10.500		09/15/22		5,026,094
	3,225,000		Frontier Communications Corp		7.125		01/15/23		2,886,375
	10,450,000		Frontier Communications Corp		11.000		09/15/25		10,854,938
	3,800,000	g	Intelsat Jackson Holdings S.A.		8.000		02/15/24		3,743,000
	8,257,000		Sprint Capital Corp		6.875		11/15/28		6,481,745
	8,525,000		Sprint Capital Corp		8.750		03/15/32		7,288,875
	2,825,000		Sprint Corp		7.250		09/15/21		2,408,313
	6,900,000		Sprint Corp		7.875		09/15/23		5,640,750
	1,900,000		Sprint Corp		7.625		02/15/25		1,503,375
	11,400,000	g	Sprint Nextel Corp		7.000		03/01/20		11,935,686
	9,300,000	g	Telecom Italia S.p.A		5.303		05/30/24		9,276,750
	12,350,000		T-Mobile USA, Inc		6.542		04/28/20		12,735,937
	4,750,000		T-Mobile USA, Inc		6.125		01/15/22		4,981,563
	15,600,000		T-Mobile USA, Inc		6.731		04/28/22		16,404,180
	525,000		T-Mobile USA, Inc		6.836		04/28/23		554,531
	8,100,000		T-Mobile USA, Inc		6.500		01/15/24		8,525,250
	8,865,000		T-Mobile USA, Inc		6.000		04/15/24		9,219,600
	6,950,000		T-Mobile USA, Inc		6.375		03/01/25		7,262,750
	4,550,000	g	Wind Acquisition Finance S.A.		4.750		07/15/20		4,459,000
	9,500,000	g	Wind Acquisition Finance S.A.		7.375		04/23/21		9,096,250
	14,250,000		Windstream Corp		7.750		10/01/21		13,430,625
	2,000,000		Windstream Corp		7.500		04/01/23		1,785,000
			TOTAL TELECOMMUNICATION SERVICES						218,952,468

197

TIAA-CREF FUNDS - High-Yield Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
TRANSPORTATION - 2.9%
$	12,050,000	g	American Airlines Group, Inc		4.625	%	03/01/20	$	11,507,750
	7,750,000	g	Bombardier, Inc		7.500		03/15/18		7,963,125
	10,150,000	g	Bombardier, Inc		5.500		09/15/18		10,048,500
	8,000,000	g	Bombardier, Inc		7.750		03/15/20		7,860,000
	4,500,000	g	Bombardier, Inc		6.000		10/15/22		3,870,000
	7,825,000	g	Bombardier, Inc		6.125		01/15/23		6,690,375
	14,800,000	g	Bombardier, Inc		7.500		03/15/25		12,802,000
	2,525,000		Bristow Group, Inc		6.250		10/15/22		1,906,375
	17,920,000		Gulfmark Offshore, Inc		6.375		03/15/22		7,392,000
	4,500,000		Hertz Corp		6.750		04/15/19		4,594,072
	12,000,000	g	KLX, Inc		5.875		12/01/22		11,760,000
	3,750,000	g	Meccanica Holdings USA, Inc		6.250		07/15/19		4,059,375
	1,800,000	g	Meccanica Holdings USA, Inc		7.375		07/15/39		1,885,500
			TOTAL TRANSPORTATION						92,339,072
UTILITIES - 4.6%
	11,145,000		AES Corp		7.375		07/01/21		12,565,987
	2,000,000		AES Corp		5.500		04/15/25		2,005,000
	14,000,000		AmeriGas Finance LLC		7.000		05/20/22		14,778,680
	5,925,000		AmeriGas Partners LP		5.625		05/20/24		5,969,438
	8,875,000		AmeriGas Partners LP		5.875		08/20/26		8,897,188
	8,522,000	g	Calpine Corp		7.875		01/15/23		8,990,710
	11,400,000	g	Calpine Corp		5.250		06/01/26		11,371,500
	13,873,000		Ferrellgas Partners LP		8.625		06/15/20		13,873,000
	8,480,000		Ferrellgas Partners LP		6.500		05/01/21		7,780,400
	7,500,000		Ferrellgas Partners LP		6.750		01/15/22		6,825,000
	7,500,000	h	Ferrellgas Partners LP		6.750		06/15/23		6,581,250
	14,250,000		NGL Energy Partners LP		5.125		07/15/19		12,967,500
	1,610,000		NRG Energy, Inc		8.250		09/01/20		1,658,300
	3,875,000		NRG Energy, Inc		7.875		05/15/21		4,010,625
	5,000,000		NRG Energy, Inc		6.250		07/15/22		4,887,500
	6,750,000		NRG Energy, Inc		6.625		03/15/23		6,648,750
	7,000,000		NRG Energy, Inc		6.250		05/01/24		6,663,160
	1,397,000		Suburban Propane Partners LP		7.375		08/01/21		1,453,753
	10,200,000		Suburban Propane Partners LP		5.750		03/01/25		10,021,500
			TOTAL UTILITIES						147,949,241
			TOTAL CORPORATE BONDS						2,665,953,681
			(Cost $2,771,300,767)
			TOTAL BONDS						2,665,953,681
			(Cost $2,771,300,767)
SHORT-TERM INVESTMENTS - 5.5%
GOVERNMENT AGENCY DEBT - 3.1%
	19,500,000		Federal Home Loan Bank (FHLB)		0.215		07/06/16		19,499,532
	50,000,000		FHLB		0.150		07/08/16		49,998,350
	3,150,000		FHLB		0.240		07/21/16		3,149,704
	27,350,000		FHLB		0.340		07/22/16		27,347,292
			TOTAL GOVERNMENT AGENCY DEBT						99,994,878

198

TIAA-CREF FUNDS - High-Yield Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
TREASURY DEBT - 2.4%
$	22,300,000	United States Treasury Bill		0.180	%	07/07/16	$	22,299,644
	14,300,000	United States Treasury Bill		0.215		07/14/16		14,299,342
	38,000,000	United States Treasury Bill		0.235		08/11/16		37,990,994
		TOTAL TREASURY DEBT						74,589,980
		TOTAL SHORT-TERM INVESTMENTS						174,584,858
		(Cost $174,580,165)
		TOTAL INVESTMENTS - 98.3%						3,133,299,757
		(Cost $3,260,629,862)
		OTHER ASSETS & LIABILITIES, NET - 1.7%						54,845,968
		NET ASSETS - 100.0%					$	3,188,145,725

g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 6/30/2016, the aggregate value of these securities was $1,183,009,384 or 37.1% 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.
n	In default
o	Payment in Kind Bond

199

TIAA-CREF FUNDS - Inflation-Linked Bond Fund

TIAA-CREF FUNDS
INFLATION-LINKED BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2016

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
BONDS - 96.1%
CORPORATE BONDS - 0.1%
DIVERSIFIED FINANCIALS - 0.1%
$	2,887,279		HNA 2015 LLC		2.369	%	09/18/27	$	2,984,428
			TOTAL DIVERSIFIED FINANCIALS						2,984,428
			TOTAL CORPORATE BONDS						2,984,428
			(Cost $2,887,280)
GOVERNMENT BONDS -  96.0%
AGENCY SECURITIES - 0.8%
	3,500,000		Private Export Funding Corp (PEFCO)		2.300		09/15/20		3,601,759
	3,000,000		PEFCO		3.250		06/15/25		3,326,172
	3,000,000		Ukraine Government AID Bonds		1.847		05/29/20		3,070,953
	9,300,000		Montefiore Medical Center		2.895		04/20/32		9,629,573
			TOTAL AGENCY SECURITIES						19,628,457
MORTGAGE BACKED - 0.3%
	6,799,000		Government National Mortgage Association (GNMA)		3.700		10/15/33		7,650,516
			TOTAL MORTGAGE BACKED						7,650,516
U.S. TREASURY SECURITIES - 94.9%
	9,879,363	k	United States Treasury Inflation Indexed Bonds		2.375		01/15/17		10,063,702
	65,025,984	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/17		65,431,551
	31,693,122	k	United States Treasury Inflation Indexed Bonds		2.625		07/15/17		32,988,483
	31,479,899	k	United States Treasury Inflation Indexed Bonds		1.625		01/15/18		32,671,067
	135,465,792	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/18		137,487,213
	32,533,091	k	United States Treasury Inflation Indexed Bonds		1.375		07/15/18		34,122,463
	37,211,605	k	United States Treasury Inflation Indexed Bonds		2.125		01/15/19		39,920,573
	120,469,740	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/19		123,023,458
	35,752,765	k	United States Treasury Inflation Indexed Bonds		1.875		07/15/19		38,687,460
	64,438,539	k	United States Treasury Inflation Indexed Bonds		1.375		01/15/20		68,815,011
	156,294,090	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/20		159,914,486
	81,823,299	k	United States Treasury Inflation Indexed Bonds		1.250		07/15/20		87,936,646
	88,668,560	k	United States Treasury Inflation Indexed Bonds		1.125		01/15/21		94,851,153
	77,719,950	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/21		79,650,824
	86,962,625	k	United States Treasury Inflation Indexed Bonds		0.625		07/15/21		91,556,512
	96,194,223	k	United States Treasury Inflation Indexed Bonds		0.125		01/15/22		98,062,988
	104,027,000	k	United States Treasury Inflation Indexed Bonds		0.125		07/15/22		106,375,722
	68,402,400	k	United States Treasury Inflation Indexed Bonds		0.125		01/15/23		69,315,298
	64,760,850	k	United States Treasury Inflation Indexed Bonds		0.375		07/15/23		66,981,111
	73,562,405	k	United States Treasury Inflation Indexed Bonds		0.625		01/15/24		77,026,900
	80,599,200	k	United States Treasury Inflation Indexed Bonds		0.125		07/15/24		81,427,196

200

TIAA-CREF FUNDS - Inflation-Linked Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	52,520,000	k	United States Treasury Inflation Indexed Bonds		0.250	%	01/15/25	$	53,337,211
	71,519,425	k	United States Treasury Inflation Indexed Bonds		2.375		01/15/25		85,413,575
	86,754,220	k	United States Treasury Inflation Indexed Bonds		0.375		07/15/25		89,355,719
	40,271,200	k	United States Treasury Inflation Indexed Bonds		0.625		01/15/26		42,416,366
	71,179,606	k	United States Treasury Inflation Indexed Bonds		2.000		01/15/26		83,757,470
	39,155,410	k	United States Treasury Inflation Indexed Bonds		2.375		01/15/27		48,070,392
	49,702,339	k	United States Treasury Inflation Indexed Bonds		1.750		01/15/28		58,121,319
	34,113,040	k	United States Treasury Inflation Indexed Bonds		3.625		04/15/28		47,210,127
	35,866,742	k	United States Treasury Inflation Indexed Bonds		2.500		01/15/29		45,452,236
	31,996,718	k	United States Treasury Inflation Indexed Bonds		3.875		04/15/29		46,091,944
	3,004,112	k	United States Treasury Inflation Indexed Bonds		3.375		04/15/32		4,399,889
	5,000,000		United States Treasury Note		1.000		12/31/17		5,031,835
	5,040,000		United States Treasury Note		0.875		04/15/19		5,064,610
	4,960,000		United States Treasury Note		0.875		05/15/19		4,984,220
	10,000,000		United States Treasury Note		2.125		12/31/22		10,544,920
	10,000,000		United States Treasury Note		1.625		02/15/26		10,118,750
			TOTAL U.S. TREASURY SECURITIES						2,235,680,400
			TOTAL GOVERNMENT BONDS						2,262,959,373
			(Cost $2,167,796,350)
			TOTAL BONDS						2,265,943,801
			(Cost $2,170,683,630)
SHORT-TERM INVESTMENTS - 3.6%
GOVERNMENT AGENCY DEBT - 1.5%
	14,700,000		Federal Home Loan Bank (FHLB)		0.050		07/01/16		14,700,000
	10,000,000		FHLB		0.150		07/08/16		9,999,670
	10,000,000		FHLB		0.340		07/22/16		9,999,010
			TOTAL GOVERNMENT AGENCY DEBT						34,698,680
TREASURY DEBT - 2.1%
	28,350,000		United States Treasury Bill		0.180		07/07/16		28,349,546
	15,900,000		United States Treasury Bill		0.217		07/14/16		15,899,269
	5,300,000		United States Treasury Bill		0.215		08/04/16		5,298,935
			TOTAL TREASURY DEBT						49,547,750
			TOTAL SHORT-TERM INVESTMENTS						84,246,430
			(Cost $84,244,555)
			TOTAL INVESTMENTS - 99.7%						2,350,190,231
			(Cost $2,254,928,185)
			OTHER ASSETS & LIABILITIES, NET - 0.3%						6,555,561
			NET ASSETS - 100.0%					$	2,356,745,792

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

201

TIAA-CREF FUNDS - Short-Term Bond Fund

TIAA-CREF FUNDS
SHORT-TERM BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2016

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
BANK LOAN OBLIGATIONS - 3.6%
CAPITAL GOODS - 0.1%
$	1,757,452	i	TransDigm, Inc		3.750	%	02/28/20	$	1,739,596
			TOTAL CAPITAL GOODS						1,739,596
CONSUMER DURABLES & APPAREL - 0.0%
	592,500	i	Hanesbrands, Inc		3.250		04/29/22		593,981
	175,000	i	Samsonite IP Holdings Sarl		4.000		05/15/23		175,481
			TOTAL CONSUMER DURABLES & APPAREL						769,462
CONSUMER SERVICES - 0.5%
	608,703	i	ARAMARK Corp		3.250		09/07/19		608,703
	1,492,366	i	ARAMARK Corp		3.250		02/24/21		1,490,964
	2,535,000	i	Hilton Worldwide		3.500		10/26/20		2,535,000
	150,000	i	KFC Holding Co		2.750		06/02/23		150,000
	1,146,392	i	La Quinta Intermediate Holdings LLC		3.750		04/14/21		1,119,166
	1,135,333	i	Pinnacle Entertainment, Inc		3.750		04/28/23		1,131,791
	425,000	i	Prime Security Services Borrower LLC		4.750		05/02/22		425,531
			TOTAL CONSUMER SERVICES						7,461,155
DIVERSIFIED FINANCIALS - 0.1%
	2,000,000	i	International Lease Finance Corp		3.500		03/06/21		1,996,500
	498,726	i	TransUnion LLC		3.500		04/09/21		491,949
			TOTAL DIVERSIFIED FINANCIALS						2,488,449
HEALTH CARE EQUIPMENT & SERVICES - 0.5%
	887,031	i	Capsugel Holdings US, Inc		4.000		07/31/21		881,860
	1,756,471	i	CHS/Community Health Systems		3.924		12/31/18		1,739,275
	126,678	i	CHS/Community Health Systems		4.000		01/27/21		123,281
	2,954,774	i	DaVita HealthCare Partners, Inc		3.500		06/24/21		2,958,467
	1,969,620	i	HCA, Inc		3.381		05/01/18		1,970,073
	757,595	i	HCA, Inc		3.704		03/17/23		759,489
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						8,432,445
MATERIALS - 0.1%
	1,601,546	i	WR Grace & Co-Conn		2.750		02/03/21		1,591,824
			TOTAL MATERIALS						1,591,824
MEDIA - 0.6%
	2,962,214	i	AMC Entertainment, Inc		4.000		12/15/22		2,960,110
	2,662,500	i	CBS Outdoor Americas Capital LLC		3.000		02/01/21		2,652,516
	1,995,000	i	CCO Safari III LLC		3.250		08/24/21		1,987,878
	1,368,691	i	Nielsen Finance LLC		3.446		04/15/21		1,370,401
	984,280	i	Univision Communications, Inc		4.000		03/01/20		977,951
	290,053	i	Univision Communications, Inc		4.000		03/01/20		287,939
			TOTAL MEDIA						10,236,795

202

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
$	332,621	i	Valeant Pharmaceuticals International, Inc		5.000	%	04/01/22	$	323,380
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						323,380
RETAILING - 0.5%
	5,984,536	i	Avis Budget Car Rental LLC		3.250		03/15/22		5,987,050
	997,481	i	PetSmart, Inc		4.250		03/11/22		992,374
			TOTAL RETAILING						6,979,424
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.1%
	2,568,563		Avago Technologies Cayman Finance Ltd		4.250		02/01/23		2,569,770
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						2,569,770
SOFTWARE & SERVICES - 0.2%
	2,954,660	i	IMS Health, Inc		3.500		03/17/21		2,925,113
			TOTAL SOFTWARE & SERVICES						2,925,113
TECHNOLOGY HARDWARE & EQUIPMENT - 0.7%
	2,400,000	h,i	Abacus Innovations Corp		2.750		06/09/23		2,395,992
	1,811,313	i	CommScope, Inc		3.750		12/29/22		1,810,190
	1,969,697	i	GXS Group, Inc		3.250		01/16/21		1,970,189
	2,947,007	i	NXP BV		3.250		01/10/20		2,941,938
	53,320	i	NXP BV		3.750		12/07/20		53,387
	987,500	i	Sensata Technologies BV		3.000		10/14/21		985,732
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						10,157,428
TRANSPORTATION - 0.1%
	2,000,000	i	American Airlines, Inc		3.500		10/10/21		1,982,000
			TOTAL TRANSPORTATION						1,982,000
UTILITIES - 0.1%
	990,000	i	Calpine Corp		3.500		05/27/22		978,447
			TOTAL UTILITIES						978,447
			TOTAL BANK LOAN OBLIGATIONS						58,635,288
			(Cost $58,737,939)
BONDS - 93.7%
CORPORATE BONDS - 37.9%
BANKS - 12.4%
	3,400,000	g	Banco Nacional de Comercio Exterior SNC		4.375		10/14/25		3,548,240
	1,000,000	g	Banco Nacional de Costa Rica		5.875		04/25/21		1,031,700
	788,000	g	Bank Nederlandse Gemeenten NV		1.375		09/27/17		793,334
	3,000,000	g	Bank Nederlandse Gemeenten NV		1.250		10/29/18		3,018,594
	2,675,000		Bank of America Corp		3.750		07/12/16		2,676,284
	9,350,000		Bank of America Corp		2.000		01/11/18		9,414,244
	10,000,000		Bank of America NA		1.650		03/26/18		10,059,980
	5,000,000		Bank of America NA		1.750		06/05/18		5,033,345

203

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	5,000,000		Bank of Nova Scotia		2.125	%	09/11/19	$	5,129,590
	18,000,000		Bank of Nova Scotia		1.875		04/26/21		18,143,622
	1,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd		2.350		02/23/17		1,007,684
	5,000,000		BB&T Corp		1.350		10/01/17		5,012,770
	2,500,000		BDO Unibank, Inc		4.500		02/16/17		2,537,500
	3,835,000		Capital One Bank USA NA		1.150		11/21/16		3,837,313
	1,500,000		Capital One Bank USA NA		1.650		02/05/18		1,501,263
	6,750,000		Citigroup, Inc		1.300		11/15/16		6,752,977
	7,000,000		Citigroup, Inc		1.800		02/05/18		7,030,863
	2,000,000		Citigroup, Inc		1.700		04/27/18		2,003,206
	3,000,000		Deutsche Bank AG		1.875		02/13/18		2,981,217
	5,000,000	g	Dexia Credit Local S.A.		1.875		03/28/19		5,057,380
	5,000,000	g	DNB Boligkreditt AS.		2.000		05/28/20		5,094,120
	2,500,000		Fifth Third Bancorp		1.350		06/01/17		2,502,300
	3,700,000		HSBC USA, Inc		1.625		01/16/18		3,693,407
	5,000,000		Huntington National Bank		1.300		11/20/16		5,005,630
	6,500,000		JPMorgan Chase & Co		1.700		03/01/18		6,536,198
	3,500,000		KeyBank NA		2.350		03/08/19		3,575,246
	2,000,000		PNC Bank NA		1.125		01/27/17		2,001,722
	5,000,000		PNC Bank NA		1.500		02/23/18		5,035,365
	3,800,000		PNC Bank NA		1.850		07/20/18		3,842,001
	5,000,000		Royal Bank of Canada		2.000		12/10/18		5,092,865
	10,000,000		Royal Bank of Canada		1.875		02/05/20		10,132,320
	11,000,000	g	Skandinaviska Enskilda Banken AB		1.375		05/29/18		11,007,711
	8,000,000	g	SpareBank Boligkreditt AS.		1.250		05/02/18		8,014,384
	4,000,000		Sumitomo Mitsui Banking Corp		1.950		07/23/18		4,044,060
	1,000,000		SunTrust Banks, Inc		1.350		02/15/17		1,001,202
	2,000,000		SunTrust Banks, Inc		2.500		05/01/19		2,043,392
	5,000,000		Toronto-Dominion Bank		1.625		03/13/18		5,046,625
	1,500,000	g	Turkiye Garanti Bankasi AS.		4.750		10/17/19		1,542,810
	1,500,000	g,h	Turkiye Halk Bankasi AS.		5.000		07/13/21		1,499,175
	500,000	g	Turkiye Is Bankasi		3.875		11/07/17		506,250
	1,500,000	g	Turkiye Is Bankasi		5.500		04/21/19		1,563,558
	1,000,000	g	Turkiye Is Bankasi		5.375		10/06/21		1,031,162
	500,000		Union Bank NA		2.125		06/16/17		504,615
	500,000		US Bancorp		1.650		05/15/17		502,398
	5,000,000		US Bank NA		1.100		01/30/17		5,002,465
	5,000,000		Wells Fargo Bank NA		1.650		01/22/18		5,042,545
	3,000,000		Wells Fargo Bank NA		1.750		05/24/19		3,038,385
	1,375,000	g	Zenith Bank plc		6.250		04/22/19		1,296,213
			TOTAL BANKS						201,769,230
CAPITAL GOODS - 1.2%
	3,000,000		Caterpillar Financial Services Corp		1.250		08/18/17		3,008,496
	475,000		Caterpillar, Inc		1.500		06/26/17		477,821
	2,000,000		Eaton Corp		1.500		11/02/17		2,009,760
	2,000,000		John Deere Capital Corp		1.050		10/11/16		2,001,238
	1,000,000		John Deere Capital Corp		2.000		01/13/17		1,005,968
	1,000,000		John Deere Capital Corp		1.400		03/15/17		1,003,816
	3,200,000		John Deere Capital Corp		1.600		07/13/18		3,232,237
	1,225,000	g	Molex Electronic Technologies LLC		2.878		04/15/20		1,219,794
	1,025,000	g	Molex Electronic Technologies LLC		3.900		04/15/25		1,046,546
	2,000,000		Pentair Finance S.A.		2.900		09/15/18		2,020,260

204

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	2,000,000	g	TSMC Global Ltd		1.625	%	04/03/18	$	2,002,674
	500,000		United Technologies Corp		1.800		06/01/17		503,574
			TOTAL CAPITAL GOODS						19,532,184
COMMERCIAL & PROFESSIONAL SERVICES - 1.4%
	4,400,000		Air Lease Corp		2.125		01/15/18		4,378,000
	3,000,000	g	Daimler Finance North America LLC		2.000		08/03/18		3,038,520
	10,000,000	g	Daimler Finance North America LLC		1.500		07/05/19		9,985,100
	5,000,000		Visa, Inc		1.200		12/14/17		5,031,050
	1,000,000		Waste Management, Inc		2.600		09/01/16		1,002,280
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						23,434,950
CONSUMER DURABLES & APPAREL - 0.2%
	2,025,000		Newell Rubbermaid, Inc		2.150		10/15/18		2,046,431
	1,925,000		Newell Rubbermaid, Inc		2.600		03/29/19		1,975,399
			TOTAL CONSUMER DURABLES & APPAREL						4,021,830
CONSUMER SERVICES - 0.5%
	1,000,000	g	SABMiller Holdings, Inc		2.450		01/15/17		1,006,623
	2,500,000		Walt Disney Co		0.875		05/30/17		2,503,682
	5,000,000		Walt Disney Co		1.650		01/08/19		5,096,965
			TOTAL CONSUMER SERVICES						8,607,270
DIVERSIFIED FINANCIALS - 6.6%
	10,000,000		Ally Financial, Inc		3.500		07/18/16		10,000,000
	500,000		American Express Centurion Bank		6.000		09/13/17		526,758
	1,000,000		American Express Credit Corp		1.300		07/29/16		1,000,346
	1,000,000		American Express Credit Corp		2.800		09/19/16		1,004,248
	3,000,000		American Express Credit Corp		1.550		09/22/17		3,013,311
	3,400,000		American Express Credit Corp		1.875		11/05/18		3,436,173
	1,000,000	g	Bayer US Finance LLC		1.500		10/06/17		1,000,945
	1,000,000		BNP Paribas S.A.		1.375		03/17/17		1,001,772
	1,675,000		Ford Motor Credit Co LLC		4.250		02/03/17		1,701,766
	3,250,000		Ford Motor Credit Co LLC		3.000		06/12/17		3,296,218
	825,000		Ford Motor Credit Co LLC		6.625		08/15/17		870,822
	2,000,000		Ford Motor Credit Co LLC		1.684		09/08/17		2,004,428
	2,000,000		Ford Motor Credit Co LLC		2.240		06/15/18		2,019,680
	4,750,000		Ford Motor Credit Co LLC		2.551		10/05/18		4,837,804
	2,750,000		General Motors Financial Co, Inc		2.625		07/10/17		2,775,448
	1,000,000		General Motors Financial Co, Inc		2.400		04/10/18		1,007,856
	10,000,000		General Motors Financial Co, Inc		2.400		05/09/19		10,011,980
	2,000,000		Goldman Sachs Group, Inc		2.000		04/25/19		2,021,138
	4,000,000		Goldman Sachs Group, Inc		2.550		10/23/19		4,092,620
	1,125,000	g	Hyundai Capital America		2.400		10/30/18		1,140,713
	1,175,000	g	Hyundai Capital America		2.000		07/01/19		1,182,256
	1,000,000	g	Hyundai Capital Services, Inc		3.500		09/13/17		1,024,400
	3,000,000	g	ICICI Bank Ltd		3.500		03/18/20		3,073,809
	300,000		International Lease Finance Corp		3.875		04/15/18		305,496
	3,300,000		Morgan Stanley		1.875		01/05/18		3,318,982
	8,000,000		Morgan Stanley		2.450		02/01/19		8,150,200
	1,000,000		National Rural Utilities Cooperative Finance Corp		1.100		01/27/17		1,000,735
	8,300,000	g	Nederlandse Waterschapsbank NV		1.875		03/13/19		8,482,949
	1,000,000		Synchrony Financial		1.875		08/15/17		1,001,567

205

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	410,000		Toyota Motor Credit Corp		1.250	%	10/05/17	$	411,674
	2,000,000		UBS AG.		1.375		08/14/17		2,001,688
	11,000,000		Wells Fargo & Co		1.250		07/20/16		11,002,508
	3,500,000		Wells Fargo & Co		2.100		05/08/17		3,530,103
	5,000,000		Wells Fargo & Co		1.400		09/08/17		5,017,535
			TOTAL DIVERSIFIED FINANCIALS						106,267,928
ENERGY - 2.7%
	1,600,000		BP Capital Markets plc		1.375		05/10/18		1,602,355
	2,025,000		BP Capital Markets plc		1.676		05/03/19		2,041,243
	1,284,000		Canadian Natural Resources Ltd		1.750		01/15/18		1,272,761
	2,000,000		Chevron Corp		1.104		12/05/17		2,004,566
	5,000,000		Chevron Corp		1.365		03/02/18		5,027,460
	3,300,000		Ecopetrol S.A.		4.250		09/18/18		3,415,500
	3,000,000		Enterprise Products Operating LLC		1.650		05/07/18		3,007,122
	5,000,000		Exxon Mobil Corp		1.439		03/01/18		5,044,235
	1,500,000	g	Pertamina PT		5.250		05/23/21		1,606,119
	3,000,000		Petrobras Global Finance BV		4.875		03/17/20		2,812,500
	600,000		Petrobras Global Finance BV		8.375		05/23/21		619,200
	2,425,000		Petroleos Mexicanos		3.500		07/18/18		2,440,762
	3,500,000	g	Petroleos Mexicanos		5.500		02/04/19		3,683,750
	2,000,000	g	Petroleos Mexicanos		6.375		02/04/21		2,174,600
	1,251,000		Petroleos Mexicanos		2.378		04/15/25		1,291,431
	750,000		Statoil ASA		1.200		01/17/18		751,198
	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		752,271
	1,500,000		Vale Overseas Ltd		5.875		06/10/21		1,501,875
	1,400,000	g	YPF S.A.		8.500		03/23/21		1,501,920
			TOTAL ENERGY						43,573,368
FOOD & STAPLES RETAILING - 0.6%
	1,000,000		CVS Health Corp		1.200		12/05/16		1,001,588
	2,875,000		SYSCO Corp		1.900		04/01/19		2,909,575
	2,450,000		Walgreens Boots Alliance, Inc		1.750		11/17/17		2,467,507
	2,925,000		Walgreens Boots Alliance, Inc		1.750		05/30/18		2,947,540
			TOTAL FOOD & STAPLES RETAILING						9,326,210
FOOD, BEVERAGE & TOBACCO - 1.1%
	2,000,000		Anheuser-Busch InBev Finance, Inc		1.125		01/27/17		2,001,764
	5,000,000		Anheuser-Busch InBev Finance, Inc		1.900		02/01/19		5,084,780
	600,000		Coca-Cola Co		1.800		09/01/16		601,103
	2,000,000		Diageo Capital plc		1.125		04/29/18		2,001,930
	675,000	g	HJ Heinz Co		2.000		07/02/18		684,220
	1,650,000		JM Smucker Co		1.750		03/15/18		1,662,997
	1,250,000		Mondelez International, Inc		2.250		02/01/19		1,277,256
	2,050,000		PepsiCo, Inc		1.000		10/13/17		2,052,524
	1,350,000		PepsiCo, Inc		1.500		02/22/19		1,368,961
	1,000,000	g	Pernod-Ricard S.A.		2.950		01/15/17		1,008,294
			TOTAL FOOD, BEVERAGE & TOBACCO						17,743,829
HEALTH CARE EQUIPMENT & SERVICES - 1.3%
	200,000		Becton Dickinson & Co		1.750		11/08/16		200,460
	3,300,000		Becton Dickinson & Co		1.450		05/15/17		3,308,603

206

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000		McKesson Corp		1.292	%	03/10/17	$	1,001,893
	6,175,000		Medtronic, Inc		1.500		03/15/18		6,229,834
	2,875,000		Stryker Corp		2.000		03/08/19		2,922,573
	2,250,000		Thermo Fisher Scientific, Inc		1.300		02/01/17		2,251,685
	5,000,000		Zimmer Holdings, Inc		2.000		04/01/18		5,041,930
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						20,956,978
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	1,000,000		Ecolab, Inc		3.000		12/08/16		1,008,584
	375,000		Ecolab, Inc		1.450		12/08/17		375,661
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						1,384,245
INSURANCE - 0.6%
	750,000		Aetna, Inc		1.500		11/15/17		753,433
	3,000,000		Aetna, Inc		1.900		06/07/19		3,039,315
	400,000		Principal Financial Group, Inc		1.850		11/15/17		402,190
	5,000,000		UnitedHealth Group, Inc		1.450		07/17/17		5,025,015
	425,000		UnitedHealth Group, Inc		1.400		10/15/17		427,211
			TOTAL INSURANCE						9,647,164
MATERIALS - 1.1%
	2,100,000	g	Cemex SAB de C.V.		5.875		03/25/19		2,163,000
	300,000		Corning, Inc		1.450		11/15/17		299,845
	2,375,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.750		11/04/20		2,544,732
	5,000,000	g	Glencore Funding LLC		2.125		04/16/18		4,875,000
	2,000,000		Kimberly-Clark Corp		1.400		02/15/19		2,025,500
	5,000,000		Monsanto Co		1.150		06/30/17		4,996,200
	1,500,000	g	Union Andina de Cementos SAA		5.875		10/30/21		1,520,250
			TOTAL MATERIALS						18,424,527
MEDIA - 0.1%
	625,000	g	NBC Universal Enterprise, Inc		1.662		04/15/18		631,825
	1,000,000		Viacom, Inc		3.500		04/01/17		1,014,223
			TOTAL MEDIA						1,646,048
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.8%
	1,200,000		AbbVie, Inc		1.750		11/06/17		1,207,103
	4,800,000		AbbVie, Inc		1.800		05/14/18		4,833,859
	3,400,000		Actavis Funding SCS		1.850		03/01/17		3,411,546
	3,900,000		Actavis Funding SCS		2.350		03/12/18		3,953,153
	450,000		Actavis Funding SCS		3.000		03/12/20		463,673
	700,000		Actavis Funding SCS		3.800		03/15/25		728,350
	1,000,000		Amgen, Inc		1.250		05/22/17		1,001,603
	1,300,000		Celgene Corp		2.125		08/15/18		1,319,430
	5,000,000		Johnson & Johnson		1.125		03/01/19		5,029,075
	2,500,000	g	Mylan NV		3.000		12/15/18		2,559,508
	1,375,000	g	Mylan NV		2.500		06/07/19		1,393,257
	3,275,000		Perrigo Co plc		1.300		11/08/16		3,271,561
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						29,172,118
REAL ESTATE - 0.2%
	110,000		Developers Diversified Realty Corp		4.750		04/15/18		114,766

207

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,329,000		ERP Operating LP		2.375	%	07/01/19	$	1,361,340
	1,000,000		Ventas Realty LP		1.250		04/17/17		1,000,284
			TOTAL REAL ESTATE						2,476,390
RETAILING - 0.0%
	800,000		JD.com, Inc		3.125		04/29/21		785,599
			TOTAL RETAILING						785,599
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.1%
	1,000,000	g	Semiconductor Manufacturing International Corp		4.125		10/07/19		1,037,841
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						1,037,841
SOFTWARE & SERVICES - 0.3%
	5,000,000		Fidelity National Information Services, Inc		2.850		10/15/18		5,131,435
			TOTAL SOFTWARE & SERVICES						5,131,435
TECHNOLOGY HARDWARE & EQUIPMENT - 1.4%
	5,000,000		Amphenol Corp		1.550		09/15/17		5,001,555
	3,000,000		Apple, Inc		1.000		05/03/18		3,006,330
	2,225,000		Apple, Inc		1.700		02/22/19		2,264,774
	250,000		CC Holdings GS V LLC		2.381		12/15/17		253,248
	1,000,000		Cisco Systems, Inc		1.100		03/03/17		1,002,480
	1,500,000		Cisco Systems, Inc		1.650		06/15/18		1,519,503
	5,000,000	g	Hewlett-Packard Enterprise Co		2.450		10/05/17		5,064,800
	400,000		L-3 Communications Corp		3.950		11/15/16		404,178
	4,950,000		L-3 Communications Corp		1.500		05/28/17		4,951,347
	475,000		Tyco Electronics Group S.A.		2.375		12/17/18		482,031
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						23,950,246
TELECOMMUNICATION SERVICES - 1.0%
	1,000,000		Alibaba Group Holding Ltd		2.500		11/28/19		1,011,690
	1,000,000		America Movil SAB de C.V.		2.375		09/08/16		1,002,934
	1,000,000	i	America Movil SAB de C.V.		1.656		09/12/16		1,000,250
MXN	19,730,000		America Movil SAB de C.V.		6.450		12/05/22		1,033,846
$	1,330,000		AT&T, Inc		1.400		12/01/17		1,332,148
	5,000,000		AT&T, Inc		2.300		03/11/19		5,107,320
	750,000	g	Telemar Norte Leste S.A.		5.500		10/23/20		183,750
	5,000,000		Verizon Communications, Inc		1.350		06/09/17		5,013,205
			TOTAL TELECOMMUNICATION SERVICES						15,685,143
TRANSPORTATION - 0.2%
	2,245,000	g	Adani Ports & Special Economic Zone Ltd		3.500		07/29/20		2,233,144
			TOTAL TRANSPORTATION						2,233,144
UTILITIES - 3.0%
	775,000	g	Abu Dhabi National Energy Co PJSC		3.625		06/22/21		811,967
	2,000,000		AerCap Ireland Capital Ltd		2.750		05/15/17		2,010,798
	2,150,000		American Electric Power Co, Inc		1.650		12/15/17		2,156,224
	5,000,000		Berkshire Hathaway Energy Co		1.100		05/15/17		5,011,075
	2,000,000		Commonwealth Edison Co		1.950		09/01/16		2,001,386
	700,000	g	Diamond Finance Corp		3.480		06/01/19		717,087
	2,000,000		Dominion Resources, Inc		1.400		09/15/17		1,997,314

208

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000		Duke Energy Corp		2.100	%	06/15/18	$	1,008,865
	2,000,000	g	Electricite de France		1.150		01/20/17		1,999,998
	1,200,000	g	Eskom Holdings SOC Ltd		5.750		01/26/21		1,189,800
	1,325,000		Exelon Corp		1.550		06/09/17		1,327,305
	1,000,000	g	Golden Legacy Pte Ltd		8.250		06/07/21		1,019,034
	1,000,000	g	GTH Finance BV		6.250		04/26/20		1,036,280
	550,000	g	Israel Electric Corp Ltd		6.700		02/10/17		564,850
	2,600,000	g	Israel Electric Corp Ltd		5.625		06/21/18		2,753,400
	600,000		Kinder Morgan, Inc		2.000		12/01/17		596,799
	1,500,000	g	Korea Hydro & Nuclear Power Co Ltd		2.875		10/02/18		1,537,212
	1,000,000	g	Korea Hydro & Nuclear Power Co Ltd		2.375		10/28/19		1,017,047
	4,225,000		Northeast Utilities		1.600		01/15/18		4,250,371
	1,500,000		Northeast Utilities		1.450		05/01/18		1,502,091
	1,375,000	g	Perusahaan Listrik Negara PT		5.500		11/22/21		1,496,028
	2,000,000		Sempra Energy		2.300		04/01/17		2,016,570
	2,000,000		Southern Co		1.850		07/01/19		2,025,302
	2,825,000		Southern Power Co		1.850		12/01/17		2,849,775
	4,750,000	g,h	Tax Ease Funding 2016- LLC		3.131		06/15/28		4,749,953
	1,625,000		WEC Energy Group, Inc		1.650		06/15/18		1,639,357
			TOTAL UTILITIES						49,285,888
			TOTAL CORPORATE BONDS						616,093,565
			(Cost $610,816,815)
GOVERNMENT BONDS -  27.3%
AGENCY SECURITIES - 3.5%
	5,000,000		Federal Home Loan Bank (FHLB)		0.625		12/28/16		5,003,645
	14,000,000		FHLB		0.875		05/24/17		14,036,680
	7,345,000	g	Hospital for Special Surgery		3.500		01/01/23		7,765,722
	6,000,000		Private Export Funding Corp (PEFCO)		1.375		02/15/17		6,026,124
	2,000,000		PEFCO		2.250		03/15/20		2,074,496
	3,000,000		PEFCO		2.300		09/15/20		3,087,222
	6,000,000		Ukraine Government AID Bonds		1.847		05/29/20		6,141,906
	11,910,000		Montefiore Medical Center		2.152		10/20/26		12,192,517
			TOTAL AGENCY SECURITIES						56,328,312
FOREIGN GOVERNMENT BONDS - 6.7%
	1,500,000	g	Abu Dhabi Government International Bond		2.125		05/03/21		1,517,175
	2,725,000	g	Argentine Republic Government International Bond		6.875		04/22/21		2,908,937
	1,250,000		Brazilian Government International Bond		4.875		01/22/21		1,316,875
	1,000,000	g	Caisse d’Amortissement de la Dette Sociale		1.500		01/28/19		1,009,338
	1,500,000		Colombia Government International Bond		4.375		07/12/21		1,612,500
	1,950,000	g	Croatia Government International Bond		6.250		04/27/17		2,013,281
	500,000	g	Dominican Republic International Bond		7.500		05/06/21		555,500
	2,125,000		Export-Import Bank of Korea		1.750		02/27/18		2,133,944
	2,100,000		FMS Wertmanagement AoeR		1.125		09/05/17		2,109,181
	500,000		Hungary Government International Bond		4.125		02/19/18		515,940
	20,000,000	g,i	International Finance Facility for Immunisation		0.819		07/05/16		20,000,000
	100,000		Italian Republic		5.250		09/20/16		100,817
	1,500,000		Japan Bank for International Cooperation		1.875		04/20/21		1,525,235
	3,000,000	g	Japan Finance Organization for Municipalities		2.125		02/12/21		3,034,983
	15,000,000		KFW		1.875		11/30/20		15,442,545

209

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,700,000	g	Kommunalbanken AS.		1.625	%	01/15/20	$	1,700,930
	3,750,000	g	Kommunalbanken AS.		1.625		02/10/21		3,797,168
	2,500,000	g	Kommuninvest I Sverige AB		1.000		01/29/18		2,505,233
	1,000,000	g	Kommuninvest I Sverige AB		2.000		11/12/19		1,027,314
	2,000,000		Korea Development Bank		1.500		01/22/18		2,003,622
	410,000	g	Korea Housing Finance Corp		3.500		12/15/16		414,500
	410,000	g	Korea Housing Finance Corp		1.625		09/15/18		410,509
	5,000,000		Kreditanstalt Fuer Wiederaufbau		4.375		03/15/18		5,299,450
	1,000,000		Mexico Government International Bond		5.625		01/15/17		1,024,500
	1,000,000	g	Morocco Government International Bond		4.250		12/11/22		1,047,414
	8,500,000		Province of Manitoba Canada		2.125		06/22/26		8,454,584
	3,000,000		Province of Quebec Canada		2.500		04/20/26		3,088,566
	2,000,000	g	Qatar Government International Bond		2.375		06/02/21		2,021,600
	731,250		Republic of Angola Via Northern Lights III BV		7.000		08/16/19		736,734
	500,000		Republic of Hungary		6.250		01/29/20		554,476
	350,000	g	Republic of Serbia		5.250		11/21/17		361,827
	1,000,000		Republic of Turkey		7.500		07/14/17		1,058,860
	625,000	g	Slovenia Government International Bond		4.125		02/18/19		657,138
	2,500,000		South Africa Government International Bond		5.500		03/09/20		2,700,000
	2,500,000	g	Spain Government International Bond		4.000		03/06/18		2,596,525
	3,525,000		Svensk Exportkredit AB		1.125		04/05/18		3,535,321
	6,500,000		Svensk Exportkredit AB		1.750		03/10/21		6,624,059
	1,000,000		Turkey Government International Bond		7.000		09/26/16		1,012,986
			TOTAL FOREIGN GOVERNMENT BONDS						108,429,567
MORTGAGE BACKED - 0.6%
	5,511		Federal Home Loan Mortgage Corp Gold (FGLMC)		6.000		12/01/17		5,635
	1,153,194		Federal National Mortgage Association (FNMA)		1.510		06/01/17		1,156,398
	1,867,377		FNMA		2.690		10/01/17		1,893,803
	1,993,608		FNMA		3.000		11/01/24		2,094,560
	1,735,699		Government National Mortgage Association (GNMA)		2.300		10/15/19		1,736,832
	818,452		GNMA		2.176		05/16/39		828,423
	1,103,079		GNMA		2.120		05/16/40		1,113,436
	1,659,270	i	JP Morgan Alternative Loan Trust		1.093		01/25/36		1,526,793
			TOTAL MORTGAGE BACKED						10,355,880
MUNICIPAL BONDS - 0.7%
	5,000,000		Florida Hurricane Catastrophe Fund Finance Corp		1.298		07/01/16		5,000,000
	5,000,000		Florida State Board of Administration Finance Corp		2.163		07/01/19		5,131,900
	500,000		New Jersey Health Care Facilities Financing Authority		5.000		07/01/16		500,000
			TOTAL MUNICIPAL BONDS						10,631,900
U.S. TREASURY SECURITIES - 15.8%
	30,135,135	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/20		30,833,185
	16,403,700	k	United States Treasury Inflation Indexed Bonds		1.125		01/15/21		17,547,481
	2,523,375	k	United States Treasury Inflation Indexed Bonds		0.125		04/15/21		2,586,066
	5,515,000		United States Treasury Note		0.625		08/15/16		5,517,620
	15,000,000		United States Treasury Note		0.625		12/31/16		15,016,005
	31,455,000		United States Treasury Note		0.625		02/15/17		31,490,324
	2,142,000		United States Treasury Note		0.500		02/28/17		2,142,838
	2,520,000		United States Treasury Note		0.500		03/31/17		2,520,370
	2,900,000		United States Treasury Note		0.625		06/30/17		2,903,059
	7,000,000		United States Treasury Note		0.625		08/31/17		7,006,839

210

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	85,000		United States Treasury Note		0.750	%	10/31/17	$	85,216
	1,140,000		United States Treasury Note		0.875		11/30/17		1,144,810
	7,550,000		United States Treasury Note		1.000		12/15/17		7,597,187
	4,070,000		United States Treasury Note		0.750		01/31/18		4,081,286
	600		United States Treasury Note		0.875		01/31/18		603
	3,200,000		United States Treasury Note		0.875		03/31/18		3,215,875
	2,425,000		United States Treasury Note		0.875		05/31/18		2,438,357
	5,000,000		United States Treasury Note		1.375		09/30/18		5,083,010
	643,000		United States Treasury Note		0.875		05/15/19		646,140
	35,000,000		United States Treasury Note		0.875		06/15/19		35,173,635
	100		United States Treasury Note		1.250		03/31/21		101
	36,920,000		United States Treasury Note		1.375		05/31/21		37,593,494
	40,000,000		United States Treasury Note		1.125		06/30/21		40,203,120
	2,475,000		United States Treasury Note		1.625		05/15/26		2,506,710
			TOTAL U.S. TREASURY SECURITIES						257,333,331
			TOTAL GOVERNMENT BONDS						443,078,990
			(Cost $438,892,343)
STRUCTURED ASSETS - 28.5%
ASSET BACKED - 8.0%
	211,719	i	Aames Mortgage Trust		7.396		06/25/32		202,341
			Series - 2002 1 (Class A3) (Step Bond)
	227,966	i	ACE Securities Corp Home Equity Loan Trust		1.188		08/25/35		225,352
			Series - 2005 HE5 (Class M2)
	1,000,000	g	AESOP Funding II		3.270		02/20/18		1,007,647
			Series - 2011 5A (Class A)
	1,000,000		Ally Master Owner Trust		1.540		09/15/19		1,003,153
			Series - 2012 5 (Class A)
	55,677	g	Asset Backed Funding Corp NIM Trust		5.900		07/26/35		1
			Series - 2006 WMC1 (Class N1)
	2,852,363	i	Asset Backed Securities Corp Home Equity Loan Trust		1.183		03/25/35		2,745,992
			Series - 2005 HE1 (Class M1)
	2,500,000	g	Avis Budget Rental Car Funding AESOP LLC		3.680		11/20/17		2,501,055
			Series - 2011 3A (Class C)
	2,686,150	i	Bear Stearns ALT-A Trust		1.053		06/25/34		2,548,028
			Series - 2004 4 (Class A1)
	240,081		California Republic Auto Receivables Trust		0.880		12/15/17		240,051
			Series - 2015 1 (Class A2)
	2,639,443		Capital Auto Receivables Asset Trust		1.290		04/20/18		2,639,631
			Series - 2013 1 (Class B)
	1,057,219	g	Capital Automotive REIT		5.610		11/15/39		1,068,848
			Series - 2011 1A (Class A)
	4,750,000		CarMax Auto Owner Trust		2.080		03/15/18		4,751,316
			Series - 2012 2 (Class C)
	3,467,395	i,m	CCR, Inc		0.890		07/10/17		3,442,642
			Series - 2010 CX (Class C)
	13,564		Centex Home Equity		5.540		01/25/32		13,531
			Series - 2002 A (Class AF6)
	121,162	i	Centex Home Equity		1.098		03/25/34		111,651
			Series - 2004 B (Class M1)
	263,636	i	Chase Funding Mortgage Loan Asset-Backed Certificates		5.700		02/26/35		233,093
			Series - 2004 2 (Class 1M2)

211

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	5,774,605	i	Connecticut Avenue Securities		1.403	%	05/25/24	$	5,735,163
			Series - 2014 C02 (Class 1M1)
	3,451,302	i	Connecticut Avenue Securities		1.953		02/25/25		3,453,510
			Series - 2015 C01 (Class 1M1)
	8,079,660	i	Connecticut Avenue Securities		2.053		04/25/28		8,067,487
			Series - 2015 C04 (Class 1M1)
	9,791,032	i	Connecticut Avenue Securities		2.403		08/25/28		9,869,140
			Series - 2016 C01 (Class 1M1)
	7,597,764	i	Countrywide Asset-Backed Certificates		1.007		06/25/35		7,522,800
			Series - 2004 14 (Class M2)
	2,765,000	g	DB Master Finance LLC		3.262		02/20/45		2,790,715
			Series - 2015 1A (Class A2I)
	1,770,375	g	Domino’s Pizza Master Issuer LLC		5.216		01/25/42		1,822,070
			Series - 2012 1A (Class A2)
	3,443,525		Entergy Louisiana Investment Recovery Funding I LLC		2.040		09/01/23		3,468,926
			Series - 2011 A (Class A1)
	3,000,000		Ford Credit Auto Owner Trust		1.540		03/15/19		3,007,503
			Series - 2013 D (Class B)
	9,250,000	g	Ford Credit Auto Owner Trust		2.510		04/15/26		9,337,143
			Series - 2014 2 (Class B)
	1,000,000		Ford Credit Floorplan Master Owner Trust		2.140		09/15/19		1,002,148
			Series - 2012 5 (Class C)
	2,333,333	g	Hertz Vehicle Financing LLC		1.120		08/25/17		2,332,701
			Series - 2013 1A (Class A1)
	3,540,000	g	Hertz Vehicle Financing LLC		3.290		03/25/18		3,572,259
			Series - 2011 1A (Class A2)
	1,000,000	g	Hertz Vehicle Financing LLC		4.960		03/25/18		1,011,283
			Series - 2011 1A (Class B2)
	4,000,000		Hyundai Auto Receivables Trust		2.010		06/15/21		4,017,909
			Series - 2015 B (Class B)
	539,951	i	Lehman XS Trust		0.703		02/25/36		510,057
			Series - 2006 1 (Class 1A1)
	2,404,115	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		1.398		09/25/34		2,407,299
			Series - 2004 WHQ1 (Class M1)
	1,069,011	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		1.233		01/25/36		1,063,533
			Series - 2005 WCH1 (Class M2)
	2,251,063	i	People’s Choice Home Loan Securities Trust		1.097		10/25/34		2,223,170
			Series - 2004 2 (Class M1)
	6,000,000	i	RAMP		1.218		06/25/35		5,893,374
			Series - 2005 RS6 (Class M2)
	2,985,441	i	RAMP		0.853		11/25/35		2,963,919
			Series - 2005 RZ4 (Class A3)
	500,000	i	Residential Funding Mortgage Securities II, Inc		6.060		02/25/36		519,517
			Series - 2006 HI1 (Class M2) (Step Bond)
	271,686	i	Saxon Asset Securities Trust		6.120		11/25/30		292,161
			Series - 2002 2 (Class AF6) (Step Bond)
	43,029	i	Securitized Asset Backed Receivables LLC		0.753		10/25/35		42,936
			Series - 2006 OP1 (Class A2C)
	727,140	g	Sierra Timeshare Receivables Funding LLC		2.840		11/20/28		729,031
			Series - 2012 1A (Class A)

212

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	508,596	g	Sierra Timeshare Receivables Funding LLC		2.380	%	03/20/29	$	508,999
			Series - 2012 2A (Class A)
	538,741	g	Sierra Timeshare Receivables Funding LLC		2.660		08/20/29		538,449
			Series - 2012 3A (Class B)
	3,859,667	g	Sierra Timeshare Receivables Funding LLC		2.420		03/20/30		3,841,640
			Series - 2014 1A (Class B)
	1,376,287	g	SLM Student Loan Trust		3.480		10/15/30		1,402,735
			Series - 2012 B (Class A2)
	2,307,598	g	SpringCastle America Funding LLC		2.700		05/25/23		2,315,469
			Series - 2014 AA (Class A)
	5,000,000	g	SPS Servicer Advance Receivables Trust Advance Receivables Backed Notes		2.620		01/15/47		5,007,638
			Series - 2015 T2 (Class AT2)
	193,447	i	Structured Asset Investment Loan Trust		1.513		11/25/34		192,020
			Series - 2004 10 (Class A9)
	1,894,279	i	Structured Asset Securities Corp Mortgage Loan Trust		0.481		02/25/36		1,889,094
			Series - 2006 WF1 (Class A5)
	444,147	g,i	Structured Asset Securities Corp Mortgage Loan Trust		0.673		10/25/36		441,747
			Series - 2006 GEL4 (Class A2)
	5,000,000	g	Taco Bell Funding LLC		3.832		05/25/46		5,061,000
			Series - 2016 1A (Class A2I)
	2,977,500	g	Wendys Funding LLC		3.371		06/15/45		2,993,876
			Series - 2015 1A (Class A2I)
			TOTAL ASSET BACKED						130,582,753
OTHER MORTGAGE BACKED - 20.5%
	2,287,010	i	American Home Mortgage Investment Trust		1.053		02/25/45		2,257,998
			Series - 2004 4 (Class 3A)
	700,191	i	Banc of America Commercial Mortgage Trust		5.954		05/10/45		699,659
			Series - 2006 2 (Class AJ)
	10,000,000		Banc of America Commercial Mortgage Trust		5.390		10/10/45		10,081,769
			Series - 2006 6 (Class AM)
	8,750,000	g	Banc of America Commercial Mortgage Trust		5.416		01/15/49		8,648,347
			Series - 2007 1 (Class AM)
	5,000,000	i	Banc of America Commercial Mortgage Trust		5.482		01/15/49		4,944,195
			Series - 2007 1 (Class AMFX)
	1,060,344	i	Banc of America Funding		0.848		02/20/35		1,005,430
			Series - 2005 A (Class 5A3)
	13,335,000	g,i	Bear Stearns Commercial Mortgage Securities Trust		5.300		05/11/39		14,228,746
			Series - 2003 PWR2 (Class H)
	3,717,007	i	CAS		2.453		10/25/28		3,742,826
			Series - 2016 C03 (Class 1M1)
	3,950,000	i	CD Mortgage Trust		6.124		11/15/44		4,061,058
			Series - 2007 CD5 (Class AJ)
	339,872	i	Citigroup Commercial Mortgage Trust		5.713		12/10/49		342,565
			Series - 2007 C6 (Class ASB)
	10,000,000	g,i	Citigroup Commercial Mortgage Trust		5.901		12/10/49		10,075,058
			Series - 2007 C6 (Class AMFX)
	3,268,975	i	Citigroup Mortgage Loan Trust		1.010		10/25/34		3,269,498
			Series - 2004 OPT1 (Class M1)
	5,942,354	g,i	Citigroup Mortgage Loan Trust		0.626		05/25/37		5,686,753
			Series - 2015 8 (Class 1A1)
	4,979,326	i	COBALT CMBS Commercial Mortgage Trust		5.761		05/15/46		5,119,699
			Series - 2007 C3 (Class A1A)

213

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	8,670,000	i	COBALT CMBS Commercial Mortgage Trust		5.771	%	05/15/46	$	8,939,963
			Series - 2007 C3 (Class AM)
	6,840,000	i	COBALT CMBS Commercial Mortgage Trust		5.526		04/15/47		6,993,585
			Series - 2007 C2 (Class AMFX)
	54,693	i	Commercial Mortgage Trust		5.238		04/10/37		54,657
			Series - 2005 GG5 (Class AJ)
	4,000,000	i	Commercial Mortgage Trust		5.796		12/10/49		4,037,969
			Series - 2007 C9 (Class B)
	2,000,000	i	Commercial Mortgage Trust		5.867		12/10/49		2,068,927
			Series - 2007 GG11 (Class AM)
	6,631,584	i	Connecticut Avenue Securities		2.603		09/25/28		6,710,180
			Series - 2016 C02 (Class 1M1)
	10,000,000	i	Credit Suisse Commercial Mortgage Trust		5.903		09/15/39		9,943,598
			Series - 2007 C4 (Class A1AJ)
	9,676,585	i	Credit Suisse Commercial Mortgage Trust		0.676		01/15/49		9,452,422
			Series - 2007 C2 (Class AMFL)
	10,000,000	i	Credit Suisse Commercial Mortgage Trust		5.625		01/15/49		10,024,644
			Series - 2007 C2 (Class AJ)
	1,985,000	i	Credit Suisse First Boston Mortgage Securities Corp		5.736		05/15/36		2,073,033
			Series - 2004 C2 (Class E)
	8,639		Credit Suisse First Boston Mortgage Securities Corp		4.771		07/15/37		8,636
			Series - 2005 C3 (Class AJ)
	1,616,312	g	Credit Suisse First Boston Mortgage Securities Corp		6.000		05/17/40		1,668,911
			Series - 1998 C1 (Class F)
	3,965,928		Credit Suisse Mortgage Capital Certificates		5.509		09/15/39		3,963,918
			Series - 2006 C4 (Class AM)
	2,255,656	i	Deutsche Mortgage Securities, Inc Mortgage Loan Trust		5.440		07/25/34		2,291,774
			Series - 2004 5 (Class A5B) (Step Bond)
	21	i	Greenpoint Mortgage Funding Trust		0.553		09/25/46		0
			Series - 2006 AR4 (Class A1A)
	20	i	Greenpoint Mortgage Funding Trust		0.533		10/25/46		20
			Series - 0 AR5 (Class A1A)
	769,922	i	GSR Mortgage Loan Trust		0.643		08/25/46		748,363
			Series - 2006 OA1 (Class 2A1)
	902,674	i	Homestar Mortgage Acceptance Corp		0.903		10/25/34		888,177
			Series - 2004 5 (Class A1)
	299,725	i	Impac CMB Trust		1.113		03/25/35		274,533
			Series - 2004 11 (Class 2A1)
	7,134,644	g	JP Morgan Chase Commercial Mortgage Securities Trust		4.845		02/16/25		7,180,760
			Series - 2013 WT (Class B)
	2,000,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		5.480		05/15/45		2,002,889
			Series - 2006 LDP8 (Class AJ)
	7,000,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		5.520		05/15/45		6,991,104
			Series - 2006 LDP8 (Class B)
	3,580,629		JP Morgan Chase Commercial Mortgage Securities Trust		5.257		05/15/47		3,603,496
			Series - 2006 LDP9 (Class A1A)
	6,200,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		6.192		02/15/51		6,427,479
			Series - 2007 LD12 (Class AM)
	4,527,208		JPMBB Commercial Mortgage Securities Trust		1.898		12/15/48		4,590,633
			Series - 2015 C33 (Class A1)
	10,691,000	g,i	LB-UBS Commercial Mortgage Trust		5.151		10/15/36		10,908,117
			Series - 2004 C7 (Class K)

214

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	11,190,000		LB-UBS Commercial Mortgage Trust		5.484	%	02/15/40	$	11,251,514
			Series - 2007 C1 (Class AJ)
	5,697,691	g,i	LVII Resecuritization Trust		3.257		07/25/47		5,708,374
			Series - 2015 A (Class A)
	1,983,231	g,i	ML-CFC Commercial Mortgage Trust		0.627		08/12/48		1,913,213
			Series - 2007 5 (Class AMFL)
	6,600,000	i	Morgan Stanley Capital I Trust		5.389		11/12/41		6,543,727
			Series - 2006 HQ10 (Class AJ)
	4,591,323	i	Morgan Stanley Capital I Trust		5.834		10/15/42		4,583,305
			Series - 2006 IQ11 (Class AJ)
	910,836	i	Morgan Stanley Capital I Trust		0.617		02/12/44		893,232
			Series - 2007 HQ11 (Class AMFL)
	270,224	i	Morgan Stanley Capital I Trust		5.793		07/12/44		270,201
			Series - 2006 HQ9 (Class AJ)
	10,950,000	i	Morgan Stanley Capital I Trust		5.907		06/11/49		11,289,508
			Series - 2007 IQ15 (Class AM)
	2,400,000	i	Morgan Stanley Capital I Trust		5.907		06/11/49		2,254,894
			Series - 2007 IQ15 (Class AJ)
	2,250,000	i	Morgan Stanley Capital I Trust		6.281		12/12/49		2,358,133
			Series - 2007 IQ16 (Class AM)
	371,746		Morgan Stanley Capital I Trust		4.770		07/15/56		371,561
			Series - 0 IQ9 (Class AJ)
	1,250,000		Morgan Stanley Capital I Trust		5.000		07/15/56		1,277,448
			Series - 2005 IQ9 (Class D)
	3,808,522	i	Structured Adjustable Rate Mortgage Loan Trust		0.823		07/25/34		3,648,952
			Series - 2004 9XS (Class A)
	516,878	i	Structured Agency Credit Risk Debt Note (STACR)		1.703		01/25/25		516,878
			Series - 2015 DN1 (Class M1)
	13,000,000	i	Structured Agency Credit Risk Debt Note (STACR)		2.853		01/25/25		13,105,319
			Series - 2015 DN1 (Class M2)
	1,984,662	i	Structured Agency Credit Risk Debt Note (STACR)		1.503		03/25/25		1,986,290
			Series - 2015 HQ1 (Class M1)
	10,000,000	i	Structured Agency Credit Risk Debt Note (STACR)		2.653		03/25/25		10,041,082
			Series - 2015 HQ1 (Class M2)
	7,742,207	i	Structured Agency Credit Risk Debt Note (STACR)		1.553		05/25/25		7,742,206
			Series - 2015 HQ2 (Class M1)
	9,791,030	i	Structured Agency Credit Risk Debt Note (STACR)		1.803		04/25/28		9,808,641
			Series - 2015 DNA3 (Class M1)
	5,618,092	i	Structured Agency Credit Risk Debt Note (STACR)		1.603		05/25/28		5,621,809
			Series - 2015 HQA2 (Class M1)
	9,651,101	i	Structured Agency Credit Risk Debt Note (STACR)		1.903		07/25/28		9,682,993
			Series - 2016 DNA1 (Class M1)
	2,950,623	i	Structured Agency Credit Risk Debt Note (STACR)		1.703		10/25/28		2,950,622
			Series - 2016 DNA2 (Class M1)
	3,000,000	i	Structured Agency Credit Risk Debt Note (STACR)		1.546		12/25/28		3,000,923
			Series - 2016 DNA3 (Class M1)
	8,735,000		Wachovia Bank Commercial Mortgage Trust		5.383		12/15/43		8,886,017
			Series - 2007 C30 (Class AM)
	796,981	i	Wachovia Bank Commercial Mortgage Trust		5.608		05/15/46		816,849
			Series - 2007 C34 (Class A1A)
	1,125,000	i	Wachovia Bank Commercial Mortgage Trust		5.818		05/15/46		1,176,682
			Series - 2007 C34 (Class AM)
	3,560,000	i	Wachovia Bank Commercial Mortgage Trust		5.591		04/15/47		3,637,691
			Series - 2007 C31 (Class AM)

215

TIAA-CREF FUNDS - Short-Term Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	9,635,000	g	Wachovia Bank Commercial Mortgage Trust		5.703	%	06/15/49	$	9,892,933
			Series - 2007 C32 (Class AMFX)
	4,020,000	i	Wachovia Bank Commercial Mortgage Trust		5.953		02/15/51		4,139,566
			Series - 2007 C33 (Class AM)
	827,611		Wells Fargo Commercial Mortgage Trust		1.454		02/15/48		830,215
			Series - 2015 C26 (Class A1)
			TOTAL OTHER MORTGAGE BACKED						332,212,167
			TOTAL STRUCTURED ASSETS						462,794,920
			(Cost $465,818,742)
			TOTAL BONDS						1,521,967,475
			(Cost $1,515,527,900)
SHORT-TERM INVESTMENTS - 5.1%
GOVERNMENT AGENCY DEBT - 2.6%
	8,600,000		Federal Home Loan Bank (FHLB)		0.050		07/01/16		8,600,000
	8,050,000		FHLB		0.270		07/29/16		8,048,937
	10,000,000		FHLB		0.150		07/08/16		9,999,670
	14,700,000		FHLB		0.340		07/22/16		14,698,545
			TOTAL GOVERNMENT AGENCY DEBT						41,347,152
TREASURY DEBT - 2.5%
	16,100,000		United States Treasury Bill		0.180		07/07/16		16,099,743
	17,600,000		United States Treasury Bill		0.215		07/14/16		17,599,190
	6,800,000		United States Treasury Bill		0.215		08/04/16		6,798,633
			TOTAL TREASURY DEBT						40,497,566
			TOTAL SHORT-TERM INVESTMENTS						81,844,718
			(Cost $81,841,871)
			TOTAL INVESTMENTS - 102.4%						1,662,447,481
			(Cost $1,656,107,710)
			OTHER ASSETS & LIABILITIES, NET - (2.4)%						(38,286,680	)
			NET ASSETS - 100.0%					$	1,624,160,801

	Abbreviation(s):
MXN	Mexican Peso
REIT	Real Estate Investment Trust
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 6/30/2016, the aggregate value of these securities was $313,515,921 or 19.3% 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.

216

TIAA-CREF FUNDS - Short-Term Bond Index Fund

TIAA-CREF FUNDS

SHORT-TERM BOND INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

June 30, 2016

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
BONDS - 97.8%
CORPORATE BONDS - 27.6%
BANKS - 7.8%
$	900,000	Bank of America Corp		1.700	%	08/25/17	$	903,382
	250,000	Bank of America NA		2.050		12/07/18		253,581
	200,000	Bank of Montreal		1.400		04/10/18		200,884
	200,000	Bank of Nova Scotia		1.450		04/25/18		200,712
	100,000	Bank of Nova Scotia		1.950		01/15/19		101,481
	100,000	Bank of Nova Scotia		1.650		06/14/19		100,600
	250,000	Branch Banking & Trust Co		1.450		05/10/19		251,002
	250,000	Capital One NA		2.350		08/17/18		253,555
	300,000	Citigroup, Inc		1.350		03/10/17		300,324
	150,000	Citigroup, Inc		1.800		02/05/18		150,661
	100,000	Citigroup, Inc		2.050		12/07/18		100,795
	100,000	Citigroup, Inc		2.050		06/07/19		100,744
	250,000	Citizens Bank NA		2.500		03/14/19		253,560
	250,000	Commonwealth Bank of Australia		2.050		03/15/19		253,488
	250,000	Deutsche Bank AG		1.875		02/13/18		248,435
	100,000	Deutsche Bank AG		2.850		05/10/19		100,097
	100,000	Discover Bank		2.600		11/13/18		101,504
	150,000	Fifth Third Bancorp		2.300		03/15/19		152,950
	100,000	HSBC USA, Inc		1.625		01/16/18		99,822
	250,000	Huntington National Bank		2.200		11/06/18		253,061
	250,000	Industrial & Commercial Bank of China Ltd		2.157		11/13/18		251,749
	100,000	Intesa Sanpaolo S.p.A		3.875		01/16/18		102,600
	600,000	JPMorgan Chase & Co		1.800		01/25/18		604,741
	200,000	JPMorgan Chase & Co		1.700		03/01/18		201,114
	200,000	JPMorgan Chase & Co		1.850		03/22/19		202,072
	175,000	KeyBank NA		2.350		03/08/19		178,762
	100,000	Lloyds Bank plc		2.000		08/17/18		99,888
	200,000	Lloyds Bank plc		2.050		01/22/19		199,481
	250,000	National Bank of Canada		2.100		12/14/18		253,324
	250,000	PNC Bank NA		1.950		03/04/19		253,763
	100,000	Royal Bank of Canada		1.500		06/07/18		100,522
	200,000	Royal Bank of Canada		2.000		12/10/18		203,715
	100,000	Royal Bank of Canada		1.625		04/15/19		100,895
	100,000	Santander Holdings USA, Inc		2.700		05/24/19		100,248
	100,000	Santander UK plc		2.000		08/24/18		100,149
	100,000	Santander UK plc		2.500		03/14/19		101,029
	200,000	Sumitomo Mitsui Banking Corp		1.800		07/18/17		201,124
	100,000	Sumitomo Mitsui Banking Corp		2.050		01/18/19		100,929
	250,000	Toronto-Dominion Bank		1.125		05/02/17		250,210
	100,000	Toronto-Dominion Bank		1.950		01/22/19		101,514
	250,000	US Bank NA		1.400		04/26/19		251,507
	500,000	Wells Fargo Bank NA		1.650		01/22/18		504,255

217

TIAA-CREF FUNDS - Short-Term Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	250,000		Wells Fargo Bank NA		1.750	%	05/24/19	$	253,199
	250,000		Westpac Banking Corp		1.550		05/25/18		251,557
	100,000		Westpac Banking Corp		1.950		11/23/18		101,322
	100,000		Westpac Banking Corp		1.650		05/13/19		100,291
			TOTAL BANKS						9,550,598
CAPITAL GOODS - 1.2%
	250,000		Caterpillar Financial Services Corp		1.250		08/18/17		250,708
	200,000		Caterpillar Financial Services Corp		1.500		02/23/18		201,796
	100,000		Caterpillar Financial Services Corp		1.350		05/18/19		100,463
	200,000		Danaher Corp		1.650		09/15/18		203,093
	100,000	g	Fortive Corp		1.800		06/15/19		100,641
	200,000		John Deere Capital Corp		1.125		06/12/17		200,336
	100,000		John Deere Capital Corp		1.750		08/10/18		101,443
	100,000		John Deere Capital Corp		1.950		01/08/19		102,217
	100,000		Lockheed Martin Corp		1.850		11/23/18		101,389
	100,000		Pentair Finance S.A.		2.900		09/15/18		101,013
	50,000		United Technologies Corp		5.375		12/15/17		53,222
			TOTAL CAPITAL GOODS						1,516,321
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%
	100,000		Air Lease Corp		2.625		09/04/18		99,979
	100,000		eBay, Inc		2.500		03/09/18		101,825
	100,000		S&P Global, Inc		2.500		08/15/18		102,060
	200,000		Visa, Inc		1.200		12/14/17		201,242
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						505,106
CONSUMER DURABLES & APPAREL - 0.2%
	100,000		Newell Rubbermaid, Inc		2.150		10/15/18		101,058
	125,000		Newell Rubbermaid, Inc		2.600		03/29/19		128,273
			TOTAL CONSUMER DURABLES & APPAREL						229,331
CONSUMER SERVICES - 0.4%
	100,000		McDonald’s Corp		5.350		03/01/18		106,939
	100,000		McDonald’s Corp		2.100		12/07/18		102,337
	100,000		Walt Disney Co		1.100		12/01/17		100,449
	100,000		Walt Disney Co		1.500		09/17/18		101,525
	100,000		Walt Disney Co		1.650		01/08/19		101,939
			TOTAL CONSUMER SERVICES						513,189
DIVERSIFIED FINANCIALS - 4.3%
	100,000		American Express Co		1.550		05/22/18		100,495
	300,000		American Express Credit Corp		1.550		09/22/17		301,331
	75,000		American Express Credit Corp		1.875		11/05/18		75,798
	200,000		American Honda Finance Corp		1.550		12/11/17		201,660
	100,000		Bank of New York Mellon Corp		1.300		01/25/18		100,349
	200,000		BNP Paribas S.A.		1.375		03/17/17		200,354
	300,000		Credit Suisse		1.750		01/29/18		300,249
	250,000		Ford Motor Credit Co LLC		1.684		09/08/17		250,553
	150,000		Ford Motor Credit Co LLC		2.551		10/05/18		152,773
	200,000		Ford Motor Credit Co LLC		2.943		01/08/19		205,830
	200,000		Ford Motor Credit Co LLC		2.021		05/03/19		201,716

218

TIAA-CREF FUNDS - Short-Term Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	155,000		General Electric Capital Corp		1.250	%	05/15/17	$	155,420
	300,000		General Electric Capital Corp		1.600		11/20/17		302,681
	200,000		General Motors Financial Co, Inc		2.400		04/10/18		201,571
	100,000		General Motors Financial Co, Inc		3.100		01/15/19		102,156
	100,000		General Motors Financial Co, Inc		2.400		05/09/19		100,120
	700,000		Goldman Sachs Group, Inc		2.375		01/22/18		709,576
	100,000		Goldman Sachs Group, Inc		2.000		04/25/19		101,057
	100,000		Morgan Stanley		2.125		04/25/18		101,047
	100,000		Morgan Stanley		2.450		02/01/19		101,877
	100,000		National Rural Utilities Cooperative Finance Corp		1.650		02/08/19		101,183
	50,000		Oesterreichische Kontrollbank AG.		1.125		05/29/18		50,191
	100,000		Oesterreichische Kontrollbank AG.		1.125		04/26/19		100,349
	100,000		PACCAR Financial Corp		1.650		02/25/19		101,482
	100,000		PACCAR Financial Corp		1.300		05/10/19		100,399
	100,000		Synchrony Financial		2.600		01/15/19		101,061
	50,000		Toyota Motor Credit Corp		1.750		05/22/17		50,391
	200,000		Toyota Motor Credit Corp		1.250		10/05/17		200,817
	100,000		Toyota Motor Credit Corp		1.200		04/06/18		100,392
	100,000		Toyota Motor Credit Corp		1.700		02/19/19		101,278
	100,000		Toyota Motor Credit Corp		1.400		05/20/19		100,667
	250,000		UBS AG.		1.375		06/01/17		250,380
	100,000		Wells Fargo & Co		1.500		01/16/18		100,560
			TOTAL DIVERSIFIED FINANCIALS						5,425,763
ENERGY - 2.5%
	26,000		Anadarko Petroleum Corp		6.375		09/15/17		27,367
	200,000		BP Capital Markets plc		1.375		05/10/18		200,295
	100,000		BP Capital Markets plc		1.676		05/03/19		100,802
	100,000		Chevron Corp		1.344		11/09/17		100,425
	200,000		Chevron Corp		1.718		06/24/18		202,336
	100,000		Chevron Corp		1.790		11/16/18		101,338
	100,000		Chevron Corp		1.561		05/16/19		101,151
	100,000		ConocoPhillips Co		1.050		12/15/17		99,384
	100,000	g	Emera US Finance LP		2.150		06/15/19		101,152
	200,000		Enterprise Products Operating LLC		1.650		05/07/18		200,475
	100,000		Exxon Mobil Corp		1.439		03/01/18		100,885
	100,000		Exxon Mobil Corp		1.708		03/01/19		101,625
	100,000		Marathon Petroleum Corp		2.700		12/14/18		102,245
	50,000		Nabors Industries, Inc		6.150		02/15/18		51,435
	500,000		Pemex Project Funding Master Trust		5.750		03/01/18		522,830
	75,000	g	Petroleos Mexicanos		5.500		02/04/19		78,938
	200,000		Shell International Finance BV		1.125		08/21/17		200,607
	100,000		Shell International Finance BV		1.250		11/10/17		100,275
	100,000		Shell International Finance BV		1.625		11/10/18		101,014
	100,000		Shell International Finance BV		1.375		05/10/19		100,295
	150,000		Total Capital International S.A.		1.550		06/28/17		150,781
	100,000		TransCanada PipeLines Ltd		1.625		11/09/17		100,241
	100,000		TransCanada PipeLines Ltd		1.875		01/12/18		100,480
	100,000		TransCanada PipeLines Ltd		3.125		01/15/19		103,278
			TOTAL ENERGY						3,149,654
FOOD & STAPLES RETAILING - 0.4%
	200,000		CVS Health Corp		1.900		07/20/18		202,994

219

TIAA-CREF FUNDS - Short-Term Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	100,000		Kroger Co		2.000	%	01/15/19	$	101,627
	150,000		SYSCO Corp		1.900		04/01/19		151,804
	100,000		Walgreens Boots Alliance, Inc		1.750		05/30/18		100,771
			TOTAL FOOD & STAPLES RETAILING						557,196
FOOD, BEVERAGE & TOBACCO - 1.6%
	200,000		Anheuser-Busch InBev Finance, Inc		1.900		02/01/19		203,391
	200,000		Anheuser-Busch InBev Worldwide, Inc		1.375		07/15/17		200,554
	100,000		Coca-Cola Co		0.875		10/27/17		100,151
	50,000		Coca-Cola Co		1.150		04/01/18		50,347
	100,000		Coca-Cola Co		1.375		05/30/19		101,076
	50,000		Diageo Capital plc		5.750		10/23/17		52,983
	100,000		Hershey Co		1.600		08/21/18		101,614
	200,000	g	HJ Heinz Co		1.600		06/30/17		200,650
	100,000		Kraft Foods, Inc		6.500		08/11/17		105,631
	100,000	h	Molson Coors Brewing Co		1.450		07/15/19		100,171
	200,000		PepsiCo, Inc		1.250		08/13/17		200,922
	50,000		PepsiCo, Inc		1.000		10/13/17		50,062
	100,000		PepsiCo, Inc		1.500		02/22/19		101,405
	200,000		Philip Morris International, Inc		5.650		05/16/18		217,265
	100,000		Philip Morris International, Inc		1.375		02/25/19		100,778
	100,000		Reynolds American, Inc		2.300		06/12/18		101,618
			TOTAL FOOD, BEVERAGE & TOBACCO						1,988,618
HEALTH CARE EQUIPMENT & SERVICES - 0.6%
	100,000		Becton Dickinson & Co		1.800		12/15/17		100,823
	200,000		Express Scripts Holding Co		2.650		02/15/17		202,127
	100,000		Medtronic, Inc		1.375		04/01/18		100,633
	100,000		St. Jude Medical, Inc		2.000		09/15/18		101,143
	100,000		Stryker Corp		2.000		03/08/19		101,655
	100,000		Thermo Fisher Scientific, Inc		2.150		12/14/18		101,136
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						707,517
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	50,000		Ecolab, Inc		1.450		12/08/17		50,088
	100,000		Ecolab, Inc		2.000		01/14/19		101,305
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						151,393
INSURANCE - 1.0%
	100,000		Aetna, Inc		1.700		06/07/18		100,802
	100,000		Aetna, Inc		1.900		06/07/19		101,310
	250,000		Berkshire Hathaway Finance Corp		1.600		05/15/17		252,076
	100,000		Berkshire Hathaway Finance Corp		1.450		03/07/18		100,919
	100,000		Berkshire Hathaway Finance Corp		1.700		03/15/19		101,634
	100,000		Hartford Financial Services Group, Inc		5.375		03/15/17		102,847
	37,000		ING US, Inc		2.900		02/15/18		37,692
	100,000		MetLife, Inc		1.903		12/15/17		100,906
	200,000		UnitedHealth Group, Inc		1.400		12/15/17		201,078
	100,000		UnitedHealth Group, Inc		1.700		02/15/19		101,116
			TOTAL INSURANCE						1,200,380

220

TIAA-CREF FUNDS - Short-Term Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
MATERIALS - 0.4%
$	50,000		BHP Billiton Finance USA Ltd		1.625	%	02/24/17	$	50,139
	200,000		Kimberly-Clark Corp		6.125		08/01/17		211,260
	100,000		Kimberly-Clark Corp		1.400		02/15/19		101,275
	100,000		Rohm and Haas Co		6.000		09/15/17		105,322
			TOTAL MATERIALS						467,996
MEDIA - 0.3%
	200,000		Comcast Corp		6.300		11/15/17		214,931
	200,000		Time Warner Cable, Inc		5.850		05/01/17		207,037
			TOTAL MEDIA						421,968
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.5%
	200,000		AbbVie, Inc		1.750		11/06/17		201,184
	100,000		AbbVie, Inc		1.800		05/14/18		100,705
	200,000		Actavis Funding SCS		2.350		03/12/18		202,726
	200,000		Amgen, Inc		1.250		05/22/17		200,321
	100,000		AstraZeneca plc		1.750		11/16/18		101,320
	100,000		Gilead Sciences, Inc		1.850		09/04/18		101,773
	200,000		GlaxoSmithKline Capital, Inc		5.650		05/15/18		217,036
	200,000		Johnson & Johnson		5.550		08/15/17		210,672
	100,000		Johnson & Johnson		1.125		03/01/19		100,581
	100,000	g	Mylan NV		3.000		12/15/18		102,380
	100,000	g	Mylan NV		2.500		06/07/19		101,328
	100,000		Pfizer, Inc		1.200		06/01/18		100,497
	50,000		Pfizer, Inc		1.500		06/15/18		50,499
	100,000		Pfizer, Inc		1.450		06/03/19		100,829
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						1,891,851
REAL ESTATE - 0.2%
	100,000		Health Care REIT, Inc		4.700		09/15/17		103,646
	100,000		Simon Property Group LP		2.150		09/15/17		101,047
			TOTAL REAL ESTATE						204,693
RETAILING - 0.4%
	100,000		AutoZone, Inc		1.625		04/21/19		100,520
	100,000		Best Buy Co, Inc		5.000		08/01/18		105,312
	100,000		Costco Wholesale Corp		5.500		03/15/17		103,267
	100,000		Lowe’s Cos, Inc		1.150		04/15/19		100,153
	100,000		Wal-Mart Stores, Inc		1.125		04/11/18		100,506
			TOTAL RETAILING						509,758
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.2%
	250,000		Intel Corp		1.350		12/15/17		251,485
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						251,485
SOFTWARE & SERVICES - 0.7%
	100,000		Fidelity National Information Services, Inc		2.850		10/15/18		102,628
	200,000		International Business Machines Corp		5.700		09/14/17		211,280
	100,000		International Business Machines Corp		1.800		05/17/19		101,755
	100,000		Juniper Networks, Inc		3.125		02/26/19		102,850
	100,000		Microsoft Corp		1.300		11/03/18		101,052
	50,000		Oracle Corp		1.200		10/15/17		50,178

221

TIAA-CREF FUNDS - Short-Term Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	200,000		Oracle Corp		5.750	%	04/15/18	$	216,510
			TOTAL SOFTWARE & SERVICES						886,253
TECHNOLOGY HARDWARE & EQUIPMENT - 1.0%
	100,000		Apple, Inc		1.300		02/23/18		100,680
	200,000		Apple, Inc		1.000		05/03/18		200,422
	200,000		Cisco Systems, Inc		1.650		06/15/18		202,600
	100,000		Cisco Systems, Inc		1.600		02/28/19		101,505
	200,000		EMC Corp		1.875		06/01/18		196,014
	200,000		General Electric Co		5.250		12/06/17		212,034
	100,000	g	Hewlett-Packard Enterprise Co		2.450		10/05/17		101,296
	100,000	g	Hewlett-Packard Enterprise Co		2.850		10/05/18		102,396
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						1,216,947
TELECOMMUNICATION SERVICES - 0.7%
	300,000		AT&T, Inc		1.400		12/01/17		300,485
	100,000		AT&T, Inc		2.300		03/11/19		102,146
	100,000		Telefonica Emisiones SAU		3.192		04/27/18		102,678
	200,000		Verizon Communications, Inc		1.350		06/09/17		200,528
	200,000		Vodafone Group plc		1.500		02/19/18		199,895
			TOTAL TELECOMMUNICATION SERVICES						905,732
TRANSPORTATION - 0.2%
	150,000		Burlington Northern Santa Fe LLC		5.650		05/01/17		155,802
	50,000		United Parcel Service, Inc		1.125		10/01/17		50,206
			TOTAL TRANSPORTATION						206,008
UTILITIES - 1.5%
	100,000		American Electric Power Co, Inc		1.650		12/15/17		100,289
	100,000		Black Hills Corp		2.500		01/11/19		102,086
	100,000	g	Diamond Finance Corp		3.480		06/01/19		102,441
	100,000		Dominion Resources, Inc		2.962		07/01/19		101,803
	100,000		Duke Energy Corp		1.625		08/15/17		100,507
	100,000		Exelon Corp		1.550		06/09/17		100,174
	50,000		Georgia Power Co		5.700		06/01/17		52,042
	100,000		Georgia Power Co		1.950		12/01/18		101,717
	100,000		Kinder Morgan, Inc		2.000		12/01/17		99,467
	200,000		MidAmerican Energy Holdings Co		5.750		04/01/18		215,497
	200,000		NextEra Energy Capital Holdings, Inc		2.056		09/01/17		201,407
	100,000		NextEra Energy Capital Holdings, Inc		2.300		04/01/19		101,939
	100,000		Southern Co		1.550		07/01/18		100,654
	100,000		Southern Co		1.850		07/01/19		101,265
	100,000		Southern Power Co		1.850		12/01/17		100,877
	50,000		Virginia Electric and Power Co		1.200		01/15/18		50,040
	100,000		Wisconsin Public Service Corp		1.650		12/04/18		101,409
	100,000		Xcel Energy, Inc		1.200		06/01/17		100,064
			TOTAL UTILITIES						1,933,678
			TOTAL CORPORATE BONDS						34,391,435
			(Cost $34,124,512)

222

TIAA-CREF FUNDS - Short-Term Bond Index Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
GOVERNMENT BONDS -  70.2%
AGENCY SECURITIES - 6.9%
$	750,000		Federal Farm Credit Bank (FFCB)		0.750	%	04/18/18	$	751,461
	730,000		Federal Home Loan Bank (FHLB)		0.875		03/10/17		732,037
	1,000,000		FHLB		2.250		09/08/17		1,018,727
	500,000		FHLB		1.125		04/25/18		504,075
	2,800,000		Federal Home Loan Mortgage Corp (FHLMC)		1.000		03/08/17		2,808,985
	800,000	j	Federal National Mortgage Association (FNMA)		0.000		06/01/17		794,655
	2,000,000		FNMA		0.875		08/28/17		2,006,592
			TOTAL AGENCY SECURITIES						8,616,532
FOREIGN GOVERNMENT BONDS - 7.7%
	500,000		African Development Bank		0.875		05/15/17		500,970
	100,000		African Development Bank		0.750		11/03/17		99,997
	100,000		African Development Bank		1.625		10/02/18		101,766
	400,000		Asian Development Bank		0.750		07/28/17		400,193
	100,000		Asian Development Bank		0.875		04/26/18		100,193
	100,000		Asian Development Bank		1.375		01/15/19		101,269
	250,000		Canada Government International Bond		1.125		03/19/18		251,840
	100,000		Corp Andina de Fomento		2.000		05/10/19		101,117
	100,000		European Bank for Reconstruction & Development		0.750		09/01/17		100,211
	1,350,000		European Investment Bank		1.125		09/15/17		1,355,484
	500,000		European Investment Bank		1.000		06/15/18		501,210
	600,000		European Investment Bank		1.250		05/15/19		604,073
	50,000		Export Development Canada		0.750		12/15/17		50,015
	100,000		Export Development Canada		1.000		11/01/18		100,375
	100,000		Export Development Canada		1.250		12/10/18		100,816
	100,000		Export Development Canada		1.250		02/04/19		100,965
	200,000		Export-Import Bank of Korea		1.750		05/26/19		201,672
	500,000		Inter-American Development Bank		1.125		03/15/17		502,382
	100,000		Inter-American Development Bank		1.125		08/28/18		100,608
	100,000		Inter-American Development Bank		1.000		05/13/19		100,343
	650,000		International Bank for Reconstruction & Development		1.000		11/15/17		652,706
	100,000		International Bank for Reconstruction & Development		1.000		10/05/18		100,442
	100,000		International Bank for Reconstruction & Development		1.250		07/26/19		101,185
	500,000		International Finance Corp		1.000		04/24/17		501,311
	75,000		International Finance Corp		1.250		11/27/18		75,680
	200,000		Italy Government International Bond		5.375		06/12/17		207,020
	1,450,000		KFW		0.875		09/05/17		1,452,743
	100,000		KFW		0.875		04/19/18		100,155
	100,000		KFW		1.500		02/06/19		101,604
	100,000		Landwirtschaftliche Rentenbank		2.375		09/13/17		101,904
	50,000		Mexico Government International Bond		5.625		01/15/17		51,225
	300,000		Province of Ontario Canada		1.100		10/25/17		301,043
	200,000		Province of Quebec Canada		5.125		11/14/16		203,180
	100,000		Republic of Turkey		7.500		07/14/17		105,886
	100,000		Svensk Exportkredit AB		1.250		04/12/19		100,627
			TOTAL FOREIGN GOVERNMENT BONDS						9,632,210
MUNICIPAL BONDS - 0.1%
	100,000		Florida State Board of Administration Finance Corp		2.163		07/01/19		102,638
			TOTAL MUNICIPAL BONDS						102,638

223

TIAA-CREF FUNDS - Short-Term Bond Index Fund

						MATURITY
PRINCIPAL		ISSUER	RATE			DATE	VALUE
U.S. TREASURY SECURITIES - 55.5%
$	1,500,000	United States Treasury Note		0.625	%	09/30/17	$	1,501,583
	4,000,000	United States Treasury Note		0.875		11/30/17		4,016,876
	500,000	United States Treasury Note		1.000		12/31/17		503,183
	10,250,000	United States Treasury Note		0.750		01/31/18		10,278,423
	3,500,000	United States Treasury Note		0.750		02/28/18		3,509,842
	4,500,000	United States Treasury Note		0.875		03/31/18		4,522,324
	2,500,000	United States Treasury Note		0.750		04/30/18		2,507,423
	5,350,000	United States Treasury Note		0.875		05/31/18		5,379,468
	2,150,000	United States Treasury Note		0.875		07/15/18		2,161,675
	11,250,000	United States Treasury Note		1.000		09/15/18		11,341,845
	1,700,000	United States Treasury Note		0.875		10/15/18		1,709,098
	2,800,000	United States Treasury Note		1.250		11/15/18		2,839,486
	3,000,000	United States Treasury Note		1.250		12/15/18		3,043,710
	2,400,000	United States Treasury Note		0.750		02/15/19		2,404,968
	2,750,000	United States Treasury Note		1.000		03/15/19		2,773,633
	3,700,000	United States Treasury Note		0.875		04/15/19		3,718,067
	4,000,000	United States Treasury Note		0.875		05/15/19		4,019,532
	3,000,000	United States Treasury Note		0.875		06/15/19		3,014,883
		TOTAL U.S. TREASURY SECURITIES						69,246,019
		TOTAL GOVERNMENT BONDS						87,597,399
		(Cost $87,157,577)
		TOTAL BONDS						121,988,834
		(Cost $121,282,089)
SHORT-TERM INVESTMENTS - 1.0%
GOVERNMENT AGENCY DEBT - 1.0%
	1,350,000	Federal Home Loan Bank (FHLB)		0.100		07/01/16		1,350,000
		TOTAL GOVERNMENT AGENCY DEBT						1,350,000
						’
		TOTAL SHORT-TERM INVESTMENTS						1,350,000
		(Cost $1,350,000)
		TOTAL INVESTMENTS - 98.8%						123,338,834
		(Cost $122,632,089)
		OTHER ASSETS & LIABILITIES, NET - 1.2%						1,436,974
		NET ASSETS - 100.0%					$	124,775,808

	Abbreviation(s):
REIT	Real Estate Investment Trust
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 6/30/2016, the aggregate value of these securities was $991,222 or 0.8% 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.
j	Zero coupon

224

TIAA-CREF FUNDS - Social Choice Bond Fund

TIAA-CREF FUNDS

SOCIAL CHOICE BOND FUND

SCHEDULE OF INVESTMENTS (unaudited)

June 30, 2016

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
BANK LOAN OBLIGATIONS - 1.9%
CAPITAL GOODS - 0.1%
$	1,096,154	i	Manitowoc Foodservice, Inc		5.750	%	03/03/23	$	1,102,325
			TOTAL CAPITAL GOODS						1,102,325
CONSUMER SERVICES - 0.5%
	1,475,000	i	Prime Security Services Borrower LLC		4.750		05/02/22		1,476,844
	3,000,000	i	Prime Security Services Borrower LLC		4.750		05/02/22		3,003,750
			TOTAL CONSUMER SERVICES						4,480,594
ENERGY - 0.1%
	42,146	i	Granite Acquisition, Inc		5.000		12/19/21		40,109
	943,487	i	Granite Acquisition, Inc		5.000		12/19/21		897,888
			TOTAL ENERGY						937,997
MEDIA - 0.2%
	1,321,688	i	CCO Safari III LLC		3.500		01/24/23		1,321,688
			TOTAL MEDIA						1,321,688
RETAILING - 0.1%
	648,375	i	KAR Auction Services, Inc		4.250		03/09/23		649,724
			TOTAL RETAILING						649,724
TECHNOLOGY HARDWARE & EQUIPMENT - 0.6%
	5,000,000	i	MTS Systems Corp		5.000		12/31/23		4,981,250
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						4,981,250
UTILITIES - 0.3%
	830,002	i	ExGen Renewables I LLC		5.250		02/06/21		828,450
	1,902,505	i	Terra-Gen Finance Co LLC		5.250		12/09/21		1,607,616
			TOTAL UTILITIES						2,436,066
			TOTAL BANK LOAN OBLIGATIONS						15,909,644
			(Cost $16,127,526)
BONDS - 95.3%
CORPORATE BONDS - 32.2%
AUTOMOBILES & COMPONENTS - 0.8%
	2,150,000	g	BMW US Capital LLC		1.500		04/11/19		2,160,686
	2,775,000	g	BMW US Capital LLC		2.000		04/11/21		2,811,294
	1,575,000		Delphi Automotive plc		3.150		11/19/20		1,620,204
			TOTAL AUTOMOBILES & COMPONENTS						6,592,184

225

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
BANKS - 6.0%
$	3,200,000		Bank of America Corp		1.350	%	11/21/16	$	3,204,474
	3,000,000		Bank of America Corp		1.950		05/12/18		3,017,640
	1,000,000		Bank of Nova Scotia		2.125		09/11/19		1,025,918
	3,000,000		Bank of Nova Scotia		1.875		04/26/21		3,023,937
	2,906,000	i	BOK Financial Corp		1.316		05/15/17		2,899,883
	2,150,000	i	Chittenden Corp		1.311		02/14/17		2,144,451
	250,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA		3.950		11/09/22		258,580
	500,000		Discover Bank		4.200		08/08/23		528,713
	500,000		Huntington Bancshares, Inc		2.600		08/02/18		509,579
	500,000		Huntington National Bank		1.375		04/24/17		500,780
	3,000,000	g	ING Bank NV		2.000		11/26/18		3,031,929
	500,000	g	Intesa Sanpaolo S.p.A		5.017		06/26/24		459,531
	2,500,000	g	Intesa Sanpaolo S.p.A		5.710		01/15/26		2,371,372
	2,100,000		KeyBank NA		2.350		03/08/19		2,145,148
	1,850,000	i	Manufacturers & Traders Trust Co		0.938		07/25/17		1,846,787
	1,000,000		Manufacturers & Traders Trust Co		2.900		02/06/25		1,025,442
	1,000,000		Northern Trust Corp		3.375		08/23/21		1,076,967
	2,088,000		People’s United Financial, Inc		3.650		12/06/22		2,149,479
	2,000,000		Royal Bank of Canada		1.875		02/05/20		2,026,464
	3,000,000		Royal Bank of Canada		2.100		10/14/20		3,060,543
	250,000		Silicon Valley Bank		6.050		06/01/17		259,094
	500,000	g	Skandinaviska Enskilda Banken AB		1.375		05/29/18		500,351
	5,002,000		SVB Financial Group		3.500		01/29/25		4,989,100
	3,000,000	g	Toronto-Dominion Bank		1.950		04/02/20		3,051,390
	4,000,000		Toronto-Dominion Bank		2.125		04/07/21		4,071,160
			TOTAL BANKS						49,178,712
CAPITAL GOODS - 0.9%
	1,150,000		Anixter, Inc		5.500		03/01/23		1,170,125
	1,000,000		Parker-Hannifin Corp		4.200		11/21/34		1,122,865
	250,000		Pentair Finance S.A.		1.875		09/15/17		249,549
	2,150,000		Pentair Finance S.A.		2.900		09/15/18		2,171,779
	500,000		Pentair Finance S.A.		2.650		12/01/19		500,072
	1,000,000		Rockwell Automation, Inc		2.050		03/01/20		1,016,410
	500,000		Rockwell Collins, Inc		3.700		12/15/23		547,031
			TOTAL CAPITAL GOODS						6,777,831
COMMERCIAL & PROFESSIONAL SERVICES - 0.6%
	1,000,000		Air Lease Corp		2.125		01/15/18		995,000
	500,000		Air Lease Corp		3.875		04/01/21		515,000
	1,000,000		Air Lease Corp		4.250		09/15/24		1,012,500
	2,200,000		Waste Management, Inc		3.900		03/01/35		2,306,625
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						4,829,125
CONSUMER SERVICES - 1.4%
	3,485,000		Henry J Kaiser Family Foundation		3.356		12/01/25		3,660,999
	2,000,000		Metropolitan Museum of Art		3.400		07/01/45		2,116,688
	2,000,000		New York Public Library Astor Lenox & Tilden Foundations		4.305		07/01/45		2,236,256
	3,000,000		Trustees of Dartmouth College		3.474		06/01/46		3,201,258
			TOTAL CONSUMER SERVICES						11,215,201

226

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
DIVERSIFIED FINANCIALS - 2.3%
$	3,250,000		American Express Credit Corp		2.250	%	05/05/21	$	3,308,728
	500,000	g,i	Armor Re Ltd		4.709		12/15/16		497,500
	250,000	i	Bank of New York Mellon Corp		1.197		08/01/18		250,951
	250,000	g	Bayer US Finance LLC		2.375		10/08/19		255,559
	1,000,000	g	EDP Finance BV		4.125		01/15/20		1,031,600
	500,000	g	EDP Finance BV		5.250		01/14/21		530,000
	500,000		Ford Motor Credit Co LLC		2.375		01/16/18		506,150
	2,500,000		Ford Motor Credit Co LLC		2.943		01/08/19		2,572,870
	1,000,000	i	Ford Motor Credit Co LLC		1.567		11/04/19		982,362
	1,000,000		Ford Motor Credit Co LLC		3.219		01/09/22		1,024,462
	3,000,000		Morgan Stanley		2.200		12/07/18		3,041,070
	3,000,000	g	Nacional Financiera SNC		3.375		11/05/20		3,057,000
	250,000	g	RCI Banque S.A.		3.500		04/03/18		258,143
	2,000,000		State Street Corp		2.550		08/18/20		2,075,616
			TOTAL DIVERSIFIED FINANCIALS						19,392,011
ENERGY - 2.7%
	1,000,000		EOG Resources, Inc		3.900		04/01/35		1,003,142
	3,600,000		EOG Resources, Inc		5.100		01/15/36		4,110,217
	1,000,000		Marathon Petroleum Corp		4.750		09/15/44		853,529
	336,000		National Oilwell Varco, Inc		2.600		12/01/22		312,335
	1,000,000		National Oilwell Varco, Inc		3.950		12/01/42		794,566
	500,000	g	Northern Natural Gas Co		4.100		09/15/42		527,082
	2,880,000		Occidental Petroleum Corp		2.600		04/15/22		2,951,482
	1,455,000		Occidental Petroleum Corp		3.400		04/15/26		1,535,373
	1,000,000		Phillips 66		4.650		11/15/34		1,066,554
	1,000,000		Southwestern Energy Co		3.300		01/23/18		1,022,000
	1,000,000		Southwestern Energy Co		4.050		01/23/20		977,500
	1,000,000	i	Statoil ASA		0.832		11/09/17		998,140
	500,000		Statoil ASA		3.150		01/23/22		525,010
	1,000,000		Statoil ASA		2.450		01/17/23		1,012,802
	500,000		Statoil ASA		2.650		01/15/24		504,856
	3,000,000		Statoil ASA		3.950		05/15/43		3,116,169
	1,000,000	g	Woodside Finance Ltd		3.650		03/05/25		977,271
			TOTAL ENERGY						22,288,028
FOOD & STAPLES RETAILING - 0.4%
	3,000,000		Starbucks Corp		2.450		06/15/26		3,043,293
			TOTAL FOOD & STAPLES RETAILING						3,043,293
FOOD, BEVERAGE & TOBACCO - 0.4%
	825,000		Mead Johnson Nutrition Co		3.000		11/15/20		861,946
	2,250,000		PepsiCo, Inc		1.500		02/22/19		2,281,601
			TOTAL FOOD, BEVERAGE & TOBACCO						3,143,547
HEALTH CARE EQUIPMENT & SERVICES - 0.7%
	500,000		Laboratory Corp of America Holdings		2.500		11/01/18		507,913
	1,000,000		Laboratory Corp of America Holdings		2.625		02/01/20		1,021,473
	1,000,000		Laboratory Corp of America Holdings		3.200		02/01/22		1,034,507
	2,000,000		New York and Presbyterian Hospital		4.063		08/01/56		2,137,866
	1,000,000		Owens & Minor, Inc		3.875		09/15/21		1,035,062
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						5,736,821

227

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
INSURANCE - 1.1%
$	500,000	g	Five Corners Funding Trust		4.419	%	11/15/23	$	539,834
	1,750,000		Progressive Corp		3.700		01/26/45		1,802,574
	2,000,000	i	Prudential Financial, Inc		5.375		05/15/45		2,022,500
	3,950,000	g	Swiss Re Treasury US Corp		2.875		12/06/22		4,000,781
	1,000,000	g	Swiss Re Treasury US Corp		4.250		12/06/42		1,043,443
			TOTAL INSURANCE						9,409,132
MATERIALS - 1.0%
	2,000,000		Agrium, Inc		3.500		06/01/23		2,076,900
	1,000,000		Agrium, Inc		5.250		01/15/45		1,073,356
	2,000,000		International Paper Co		5.000		09/15/35		2,167,414
	500,000		Nucor Corp		4.000		08/01/23		534,183
	2,500,000	g	Sealed Air Corp		5.500		09/15/25		2,603,125
			TOTAL MATERIALS						8,454,978
MEDIA - 1.0%
	3,000,000	g	CCO Safari II LLC		3.579		07/23/20		3,136,611
	1,770,000	g	CCO Safari II LLC		4.464		07/23/22		1,905,711
	3,000,000	g	Charter Communications Operating LLC		4.908		07/23/25		3,269,691
			TOTAL MEDIA						8,312,013
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.7%
	1,100,000		Biogen, Inc		2.900		09/15/20		1,146,482
	3,000,000		Biogen, Inc		3.625		09/15/22		3,184,938
	500,000		Bristol-Myers Squibb Co		3.250		08/01/42		497,809
	1,150,000		Zoetis, Inc		3.450		11/13/20		1,187,343
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						6,016,572
REAL ESTATE - 2.0%
	1,250,000		Alexandria Real Estate Equities, Inc		3.950		01/15/27		1,293,636
	2,900,000		Brixmor Operating Partnership LP		4.125		06/15/26		2,977,647
	800,000		Duke Realty LP		3.250		06/30/26		811,534
	3,685,000		Equity One, Inc		6.000		09/15/17		3,862,200
	3,401,000		Equity One, Inc		3.750		11/15/22		3,458,365
	3,543,000		Regency Centers LP		3.750		06/15/24		3,693,429
	450,000		Washington REIT		4.950		10/01/20		485,750
			TOTAL REAL ESTATE						16,582,561
TECHNOLOGY HARDWARE & EQUIPMENT - 0.7%
	5,000,000		Apple, Inc		2.850		02/23/23		5,254,450
	250,000		CC Holdings GS V LLC		2.381		12/15/17		253,248
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						5,507,698
TELECOMMUNICATION SERVICES - 0.1%
	500,000		CenturyLink, Inc		6.750		12/01/23		491,250
			TOTAL TELECOMMUNICATION SERVICES						491,250
TRANSPORTATION - 2.9%
	2,000,000	i	Canadian National Railway Co		0.796		11/14/17		2,000,758
	2,271,251		Delta Air Lines		4.250		07/30/23		2,316,676

228

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,935,882		Delta Air Lines		3.625	%	07/30/27	$	2,042,355
	500,000		GATX Corp		5.200		03/15/44		518,343
	1,000,000		GATX Corp		4.500		03/30/45		916,649
	119,000	g	Kansas City Southern		2.350		05/15/20		118,937
	3,000,000	g	Kansas City Southern		4.950		08/15/45		3,371,109
	2,000,000		Norfolk Southern Corp		4.450		06/15/45		2,205,552
	1,000,000		Spirit Airlines, Inc		4.100		04/01/28		1,015,000
	6,301,446		Union Pacific Railroad Co		3.227		05/14/26		6,610,847
	2,896,990		Union Pacific Railroad Co		2.695		05/12/27		2,926,939
			TOTAL TRANSPORTATION						24,043,165
UTILITIES - 6.5%
	3,000,000		Connecticut Light & Power Co		4.150		06/01/45		3,347,652
	1,350,000		Consolidated Edison, Inc		2.000		05/15/21		1,364,307
	3,640,223	g	Continental Wind LLC		6.000		02/28/33		4,046,101
	740,000		Delmarva Power & Light Co		4.150		05/15/45		795,554
	3,000,000	g	Electricite de France S.A.		3.625		10/13/25		3,130,314
	3,000,000		Georgia Power Co		3.250		04/01/26		3,189,063
	1,507,880	g	Harper Lake Solar Funding Corp		7.645		12/31/18		1,575,734
	1,400,000		ITC Holdings Corp		3.250		06/30/26		1,402,050
	1,000,000	g	Niagara Mohawk Power Corp		4.278		10/01/34		1,085,321
	250,000		Northeast Utilities		1.450		05/01/18		250,349
	3,953,000		NorthWestern Corp		4.176		11/15/44		4,205,158
	1,000,000		Public Service Co of New Hampshire		3.500		11/01/23		1,072,820
	4,000,000	i	San Diego Gas & Electric Co		0.857		03/09/17		3,990,832
	857,144		San Diego Gas & Electric Co		1.914		02/01/22		857,863
	1,000,000		Sempra Energy		2.875		10/01/22		1,023,142
	2,983,000	g	Solar Star Funding LLC		3.950		06/30/35		3,158,743
	3,000,000	g	Solar Star Funding LLC		5.375		06/30/35		3,558,681
	2,825,000		Southern Power Co		1.850		12/01/17		2,849,775
	2,875,000		Southern Power Co		4.150		12/01/25		3,110,405
	1,500,000	g	TerraForm Power Operating LLC		5.875		02/01/23		1,427,700
	2,860,422	g	Topaz Solar Farms LLC		4.875		09/30/39		3,058,215
	239,880	g	Topaz Solar Farms LLC		5.750		09/30/39		273,293
	1,000,000		WEC Energy Group, Inc		3.550		06/15/25		1,073,551
	3,000,000		Westar Energy, Inc		2.550		07/01/26		3,003,867
	1,000,000		WGL Holdings, Inc		2.250		11/01/19		1,015,171
			TOTAL UTILITIES						53,865,661
			TOTAL CORPORATE BONDS						264,879,783
			(Cost $255,792,916)
GOVERNMENT BONDS -  49.0%
AGENCY SECURITIES - 12.0%
	885,388		Ethiopian Leasing 2012 LLC		2.566		08/14/26		925,858
	768,749		Export Lease Ten Co LLC		1.650		05/07/25		769,072
	500,000		Federal Home Loan Mortgage Corp (FHLMC)		1.000		09/29/17		502,392
	3,000,000		Federal National Mortgage Association (FNMA)		1.625		01/21/20		3,071,112
	1,000,000		FNMA		2.625		09/06/24		1,076,372
	3,436,239	g	Genesis Solar 2011 Pass Through Trust		3.875		02/15/38		3,865,769
	1,225,000	j	Government Trust Certificate		0.000		04/01/21		1,147,174
	1,000,000		Hashemite Kingdom of Jordan Government AID Bond		2.503		10/30/20		1,059,095

229

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,694,000		Hashemite Kingdom of Jordan Government AID Bond		2.578	%	06/30/22	$	1,805,086
	840,000	g	Hospital for Special Surgery		3.500		01/01/23		888,115
	895,833		Mexican Aircraft Finance V LLC		2.329		01/14/27		923,465
	4,168,000		NCUA Guaranteed Notes		2.350		06/12/17		4,230,729
	5,300,000		NCUA Guaranteed Notes		3.000		06/12/19		5,631,515
	6,035,000		NCUA Guaranteed Notes		3.450		06/12/21		6,538,862
	2,835,000		New York Society for the Relief of the Ruptured & Crippled		2.881		12/20/31		2,936,051
	775,000	j	Overseas Private Investment Corp (OPIC)		0.000		11/11/17		779,921
	1,000,000	j	OPIC		0.000		11/15/19		1,065,408
	2,000,000		OPIC		2.740		09/15/29		2,058,954
	3,000,000		OPIC		3.220		09/15/29		3,200,214
	1,000,000		OPIC		3.280		09/15/29		1,071,349
	205,883		OPIC		3.540		06/15/30		226,763
	216,418		OPIC		3.370		12/15/30		237,525
	479,722		OPIC		3.820		12/20/32		541,501
	239,861		OPIC		3.938		12/20/32		271,385
	951,789		OPIC		3.330		05/15/33		1,027,970
	986,172		OPIC		3.160		06/01/33		1,049,014
	1,250,000		OPIC		2.810		07/31/33		1,292,978
	1,000,000		OPIC		2.940		07/31/33		1,045,078
	1,500,000		OPIC		3.250		07/31/33		1,609,158
	2,000,000		Private Export Funding Corp (PEFCO)		2.300		09/15/20		2,058,148
	1,000,000		PEFCO		3.550		01/15/24		1,117,172
	1,000,000		PEFCO		3.250		06/15/25		1,108,724
	500,000		Ukraine Government AID Bonds		1.844		05/16/19		508,979
	2,700,000		Ukraine Government AID Bonds		1.847		05/29/20		2,763,858
	970,000		United States Department of Housing and Urban Development (HUD)		1.220		08/01/16		970,887
	1,415,000		HUD		0.830		08/01/16		1,415,497
	2,503,000		HUD		4.480		08/01/16		2,512,894
	3,871,000		HUD		0.930		08/01/17		3,882,714
	3,176,000		HUD		1.540		08/01/17		3,207,553
	3,000,000		HUD		2.910		08/01/17		3,074,787
	500,000		HUD		5.300		08/01/17		502,175
	122,000		HUD		1.330		08/01/18		123,604
	1,000,000		HUD		1.770		08/01/18		1,020,724
	4,050,000		HUD		3.120		08/01/18		4,249,446
	2,200,000		HUD		4.620		08/01/18		2,375,432
	250,000		HUD		2.050		08/01/19		258,889
	850,000		HUD		3.300		08/01/19		912,863
	450,000		HUD		4.870		08/01/19		502,442
	1,573,000		HUD		1.980		08/01/20		1,622,556
	410,000		HUD		2.450		08/01/20		431,739
	150,000		HUD		3.430		08/01/20		163,718
	3,958,000		HUD		2.350		08/01/21		4,181,948
	1,361,000		HUD		2.450		08/01/22		1,442,861
	500,000		HUD		2.910		08/01/23		534,510
	1,300,000		HUD		5.380		08/01/27		1,421,735
	225,000		UNM Sandoval Regional Medical Center		4.500		07/20/36		238,768
	2,230,000	i	Housing and Urban Development Corp Ltd		0.941		09/15/30		2,143,587
	3,000,000		Montefiore Medical Center		2.152		10/20/26		3,071,163
			TOTAL AGENCY SECURITIES						98,667,258

230

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
FOREIGN GOVERNMENT BONDS - 9.5%
$	3,000,000		African Development Bank		0.750	%	10/18/16	$	2,999,160
	1,000,000		African Development Bank		2.375		09/23/21		1,052,693
	2,000,000		Asian Development Bank		2.125		03/19/25		2,070,946
	3,000,000		Canada Government International Bond		1.125		03/19/18		3,022,080
	185,757	g	Carpintero Finance Ltd		2.004		09/18/24		188,825
	2,895,000		European Bank for Reconstruction & Development		1.625		04/10/18		2,928,226
	2,225,000		European Investment Bank		2.000		03/15/21		2,299,395
	1,000,000		European Investment Bank		2.500		10/15/24		1,060,268
	3,000,000		European Investment Bank		2.125		04/13/26		3,074,856
	3,000,000		Export Development Canada		0.875		01/30/17		3,001,980
	3,000,000		Export Development Canada		1.250		12/10/18		3,024,480
	1,000,000		Export Development Canada		1.625		12/03/19		1,020,895
	250,000		Export-Import Bank of Korea		1.750		02/27/18		251,052
	5,000,000		Inter-American Development Bank		1.185		07/09/18		5,040,685
	1,000,000		Inter-American Development Bank		1.500		09/25/18		1,013,867
	525,000		International Bank for Reconstruction & Development		2.000		10/20/16		527,429
	1,080,000		International Bank for Reconstruction & Development		0.625		07/12/17		1,081,342
	3,000,000		International Finance Corp		2.125		04/07/26		3,126,489
	3,100,000	g,i	International Finance Facility for Immunisation		0.819		07/05/16		3,100,000
	2,500,000		Japan Bank for International Cooperation		1.875		04/20/21		2,542,058
	3,000,000	g	Japan Finance Organization for Municipalities		2.125		04/13/21		3,049,965
	3,000,000		KFW		1.000		01/26/18		3,009,510
	1,000,000		KFW		1.750		10/15/19		1,024,025
	3,000,000		KFW		1.500		04/20/20		3,046,560
	3,000,000		KFW		1.875		11/30/20		3,088,509
	2,000,000	g	Kommunalbanken AS.		2.125		02/11/25		2,046,768
	4,000,000	g	Kommuninvest I Sverige AB		1.500		04/23/19		4,056,776
	3,000,000	g	Nederlandse Waterschapsbank NV		2.375		03/24/26		3,143,733
	5,420,000		North American Development Bank		2.300		10/10/18		5,541,061
	1,100,000		North American Development Bank		4.375		02/11/20		1,200,948
	3,000,000		North American Development Bank		2.400		10/26/22		3,063,888
	500,000		Province of Manitoba Canada		3.050		05/14/24		541,681
	250,000		Province of Ontario Canada		1.200		02/14/18		251,328
	3,000,000		Province of Quebec Canada		2.500		04/20/26		3,088,566
			TOTAL FOREIGN GOVERNMENT BONDS						78,580,044
MORTGAGE BACKED - 10.6%
	903,565		Federal Home Loan Mortgage Corp (FHLMC)		3.500		09/15/41		949,200
	330,168		FHLMC		3.000		12/15/41		346,016
	1,489,628		FHLMC		3.000		08/15/42		1,531,892
	690,145		FHLMC		3.000		09/15/42		715,941
	467,742		Federal Home Loan Mortgage Corp Gold (FGLMC)		3.500		04/01/45		500,233
	713,970		FGLMC		3.500		07/01/45		756,426
	3,375,742		FGLMC		3.500		10/01/45		3,607,130
	3,247,502		FGLMC		4.000		12/01/45		3,537,469
	586,254		FGLMC		3.500		03/01/46		626,482
	233,619		Federal National Mortgage Association (FNMA)		3.500		11/01/25		249,541
	2,000,000	h	FNMA		2.500		07/25/31		2,069,219
	3,000,000	g,h	FNMA		3.000		07/25/31		3,145,488
	2,000,000	h	FNMA		2.500		08/25/31		2,066,094
	3,000,000	h	FNMA		3.000		08/25/31		3,142,207
	1,000,000	h	FNMA		2.500		09/25/31		1,031,172

231

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	348,003		FNMA		5.000	%	10/01/33	$	388,388
	597,137		FNMA		3.500		04/01/36		635,610
	100,235	h	FNMA		3.500		07/01/36		106,693
	356,102		FNMA		5.500		01/01/38		404,498
	371,738		FNMA		5.500		11/01/38		435,660
	824,405		FNMA		4.500		08/01/39		918,001
	535,328		FNMA		4.500		10/01/39		597,948
	168,296		FNMA		4.500		03/01/40		184,399
	489,700		FNMA		4.500		04/01/40		545,206
	200,960		FNMA		5.500		04/01/40		227,654
	279,274		FNMA		5.500		07/01/40		315,856
	1,263,669		FNMA		5.000		09/01/40		1,406,941
	148,025		FNMA		6.000		10/01/40		169,385
	1,484,632		FNMA		5.000		04/01/41		1,686,200
	214,231		FNMA		4.500		11/01/41		234,887
	188,371		FNMA		4.500		02/01/42		206,472
	248,238		FNMA		4.500		06/01/42		271,614
	627,844		FNMA		3.000		06/25/42		656,263
	569,499	i	FNMA		0.953		08/25/42		570,461
	533,276	i	FNMA		0.853		11/25/42		533,116
	1,150,829		FNMA		3.500		11/25/42		179,934
	348,494	i	FNMA		0.803		03/25/43		346,867
	173,513		FNMA		4.500		06/01/44		193,919
	829,442		FNMA		4.500		06/01/44		926,819
	775,156		FNMA		4.500		07/01/44		848,859
	97,211		FNMA		4.000		08/01/44		106,732
	379,666		FNMA		4.500		08/01/44		424,199
	725,560		FNMA		4.500		11/01/44		810,780
	1,851,298		FNMA		4.000		12/01/44		2,022,339
	954,884		FNMA		4.000		01/01/45		1,043,172
	934,031		FNMA		4.500		03/01/45		1,043,804
	948,797		FNMA		3.500		04/01/45		1,012,825
	4,181,676		FNMA		3.500		07/01/45		4,431,450
	2,874,469		FNMA		4.000		07/01/45		3,136,063
	481,225		FNMA		4.000		01/01/46		525,007
	977,151		FNMA		3.500		03/01/46		1,031,488
	3,917,080		FNMA		3.500		06/01/46		4,136,008
	249,662		FNMA		4.000		06/01/46		267,896
	2,000,000	h	FNMA		3.000		07/25/46		2,075,469
	2,000,000	h	FNMA		3.500		07/25/46		2,109,922
	3,000,000	h	FNMA		3.000		08/25/46		3,107,578
	3,000,000	h	FNMA		4.000		08/25/46		3,213,106
	1,000,000	h	FNMA		4.500		08/25/46		1,090,879
	2,000,000	h	FNMA		3.000		09/25/46		2,067,344
	1,000,000	h	FNMA		4.000		09/25/46		1,069,629
	868,910		Government National Mortgage Association (GNMA)		2.690		06/15/33		923,824
	126,570		GNMA		5.000		10/20/39		140,822
	125,789		GNMA		5.000		06/20/42		137,032
	1,482,705		GNMA		3.500		10/20/42		269,761
	405,118		GNMA		3.500		07/15/43		434,763
	833,650		GNMA		3.500		09/20/44		894,571

232

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,995,113		GNMA		3.500	%	05/20/46	$	2,120,881
	2,268,942		GNMA		4.000		05/20/46		2,429,530
	1,000,000	h	GNMA		3.000		07/20/46		1,045,156
	1,000,000	h	GNMA		3.500		07/20/46		1,061,172
	4,000,000	h	GNMA		3.000		08/20/46		4,172,500
	1,000,000	h	GNMA		3.000		09/20/46		1,040,781
	1,000,000	h	GNMA		3.500		09/20/46		1,058,047
			TOTAL MORTGAGE BACKED						87,720,690
MUNICIPAL BONDS - 10.3%
	2,000,000		Brunswick & Glynn County Development Authority		3.060		04/01/25		2,125,820
	1,000,000		California Earthquake Authority		2.805		07/01/19		1,025,830
	2,000,000		California Housing Finance Agency		2.966		08/01/22		2,096,200
	250,000	g	California Pollution Control Financing Authority		5.000		07/01/27		260,015
	500,000	g	California Pollution Control Financing Authority		5.000		07/01/37		518,370
	500,000	g	California Pollution Control Financing Authority		5.000		11/21/45		517,315
	500,000		Chelan County Public Utility District No		3.603		07/01/21		549,405
	2,435,000		Chicago Metropolitan Water Reclamation District-Greater Chicago		5.720		12/01/38		3,151,401
	3,000,000		City of Austin TX Water & Wastewater System Revenue		2.133		11/15/19		3,074,550
	3,000,000		City of Chicago IL		7.750		01/01/42		3,045,480
	2,000,000		City of Cincinnati OH Water System Revenue		2.568		12/01/21		2,125,580
	3,200,000	h	City of Compton CA		2.000		06/01/17		3,200,000
	250,000		City of Houston TX Utility System Revenue		2.563		05/15/20		262,905
	355,000		Commonwealth Financing Authority		2.675		06/01/21		361,940
	5,000,000	h	Commonwealth of Massachusetts		3.277		06/01/46		5,048,900
	1,085,000		District of Columbia Water & Sewer Authority		4.814		10/01/14		1,277,902
	2,250,000		Florida Department of Environmental Protection		5.456		07/01/19		2,518,785
	3,000,000		Florida State Board of Administration Finance Corp		2.163		07/01/19		3,079,140
	500,000	j	Garden State Preservation Trust		0.000		11/01/22		444,235
	195,000		Guadalupe-Blanco River Authority Industrial Development Corp		1.909		04/15/18		198,139
	1,790,000		Honolulu City & County Board of Water Supply		3.760		07/01/30		1,909,089
	3,000,000		Imperial Irrigation District Electric System Revenue		4.500		11/01/40		3,398,640
	2,000,000		Kern County Water Agency Improvement District No 4		4.276		05/01/36		2,213,420
	1,000,000		Lavaca-Navidad River Authority		4.430		08/01/35		1,031,560
	3,025,000		Metropolitan Council		1.550		09/01/19		3,081,507
	500,000		Michigan Finance Authority		5.000		07/01/22		584,225
	2,115,000		New York State Environmental Facilities Corp		3.420		07/15/26		2,313,958
	500,000		New York State Environmental Facilities Corp		5.807		06/15/39		679,490
	250,000	g	Niagara Area Development Corp		4.000		11/01/24		256,770
	2,620,000		Ohio State Water Development Authority		4.879		12/01/34		3,172,925
	250,000		Oklahoma Water Resources Board		3.071		04/01/22		270,970
	205,000		Pend Oreille County Public Utility District No  Box Canyon		2.417		01/01/17		206,847
	2,225,000		Pend Oreille County Public Utility District No  Box Canyon		5.000		01/01/30		2,372,340
	3,000,000		Pittsburgh Water & Sewer Authority		6.610		09/01/24		3,658,530
	2,000,000		South Dakota Conservancy District		1.898		08/01/19		2,048,040
	1,000,000		South Dakota Conservancy District		1.920		08/01/19		1,025,530
	1,000,000		State of California		1.800		04/01/20		1,024,440
	1,000,000		State of California		3.750		10/01/37		1,088,610
	500,000		State of Michigan		3.590		12/01/26		536,605
	1,000,000	h	State of Texas		0.863		08/01/18		998,180

233

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000	h	State of Texas		1.737	%	08/01/22	$	997,280
	1,000,000		State of Texas		3.576		08/01/34		1,024,520
	1,000,000		State of Texas		3.726		08/01/43		1,033,950
	3,000,000		Suffolk County Water Authority		4.000		06/01/39		3,405,810
	500,000		Texas Public Finance Authority		5.250		07/01/17		501,390
	3,000,000		Texas Water Development Board		4.648		04/15/50		3,144,900
	500,000		University of California		2.676		05/15/21		525,725
	1,230,000		University of Cincinnati		3.500		06/01/32		1,327,527
	2,000,000		University of New Mexico		3.532		06/20/32		2,071,440
	2,000,000		University of Virginia		3.570		04/01/45		2,189,980
	655,000		Washington County Clean Water Services		4.828		10/01/22		770,084
	530,000		Washington County Clean Water Services		5.078		10/01/24		650,909
	250,000		West Virginia Water Development Authority		5.000		11/01/21		296,965
			TOTAL MUNICIPAL BONDS						84,694,068
U.S. TREASURY SECURITIES - 6.6%
	17,815,000		United States Treasury Bond		3.000		11/15/45		20,501,858
	7,875,000		United States Treasury Bond		2.500		02/15/46		8,207,538
	890,000		United States Treasury Note		0.875		05/31/18		894,902
	2,565,000		United States Treasury Note		0.875		05/15/19		2,577,525
	10,560,000		United States Treasury Note		1.375		05/31/21		10,752,636
	2,050,000		United States Treasury Note		2.000		11/30/22		2,145,934
	400,000		United States Treasury Note		1.500		03/31/23		405,843
	8,860,000		United States Treasury Note		1.625		05/15/26		8,973,514
			TOTAL U.S. TREASURY SECURITIES						54,459,750
			TOTAL GOVERNMENT BONDS						404,121,810
			(Cost $392,564,763)
STRUCTURED ASSETS - 14.1%
ASSET BACKED - 3.9%
	284,345	i	ACE Securities Corp Home Equity Loan Trust		1.188		08/25/35		281,085
			Series - 2005 HE5 (Class M2)
	100,000		AmeriCredit Automobile Receivables Trust		1.570		01/08/19		100,047
			Series - 2013 1 (Class C)
	150,000		AmeriCredit Automobile Receivables Trust		3.340		08/08/21		153,804
			Series - 2015 3 (Class D)
	228,596	i	Asset Backed Securities Corp Home Equity Loan Trust		0.635		07/25/35		227,864
			Series - 2005 HE7 (Class M2)
	833,333	g	Avis Budget Rental Car Funding AESOP LLC		3.680		11/20/17		833,685
			Series - 2011 3A (Class C)
	1,000,000	g	Avis Budget Rental Car Funding AESOP LLC		3.780		02/20/18		1,000,876
			Series - 2011 5A (Class C)
	925,000	i	Basic Asset Backed Securities Trust		0.763		04/25/36		835,886
			Series - 2006 1 (Class A3)
	1,000,000	g	Capital Automotive REIT		3.660		10/15/44		963,612
			Series - 2014 1A (Class A)
	2,322,352	g,i	CBRE Realty Finance		0.927		04/07/52		766,040
			Series - 2007 1A (Class A2)
	530,970	i	Connecticut Avenue Securities		1.953		02/25/25		531,309
			Series - 2015 C01 (Class 1M1)
	987,500	g	DB Master Finance LLC		3.262		02/20/45		996,684
			Series - 2015 1A (Class A2I)

234

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	995,000	g	Domino’s Pizza Master Issuer LLC		3.484	%	10/25/45	$	1,010,741
			Series - 2015 1A (Class A2I)
	895,500	g	Domino’s Pizza Master Issuer LLC		4.474		10/25/45		915,264
			Series - 2015 1A (Class A2II)
	2,589,295	g	HERO Funding Trust		3.840		09/21/40		2,630,542
			Series - 2015 1A (Class A)
	832,698	g	HERO Funding Trust		3.990		09/21/40		837,122
			Series - 2014 2A (Class A)
	3,000,000	g	HERO Funding Trust		3.750		09/20/41		2,999,019
			Series - 2016 2A (Class A)
	1,919,028	g	HERO Funding Trust		4.050		09/20/41		1,938,219
			Series - 2016 1A (Class A)
	500,000	g	Hertz Vehicle Financing LLC		6.440		02/25/19		522,362
			Series - 2010 1A (Class B3)
	89,953	i	Lehman XS Trust		0.703		02/25/36		84,973
			Series - 2006 1 (Class 1A1)
	163,716	g	Orange Lake Timeshare Trust		3.030		07/09/29		162,624
			Series - 2014 AA (Class B)
	72,693	i	Park Place Securities, Inc Asset-Backed Pass-Through Certificates		1.233		01/25/36		72,320
			Series - 2005 WCH1 (Class M2)
	178,834	g	SolarCity LMC		4.800		11/20/38		174,649
			Series - 2013 1 (Class A)
	447,269	g	SolarCity LMC		4.590		04/20/44		436,767
			Series - 2014 1 (Class A)
	940,768	g	SolarCity LMC		4.020		07/20/44		909,583
			Series - 2014 2 (Class A)
	2,500,000	g	SolarCity LMC		4.800		09/20/48		2,510,721
			Series - 2016 A (Class A)
	576,899	g	SpringCastle America Funding LLC		2.700		05/25/23		578,867
			Series - 2014 AA (Class A)
	785,154	i	Structured Asset Securities Corp Mortgage Loan Trust		1.957		04/25/35		737,776
			Series - 2005 7XS (Class 2A1A)
	2,000,000		Toyota Auto Receivables Owner Trust		1.270		05/15/19		2,008,819
			Series - 2015 B (Class A3)
	5,000,000		Toyota Auto Receivables Owner Trust		1.300		04/15/20		5,022,869
			Series - 2016 B (Class A3)
	2,000,000		Toyota Auto Receivables Owner Trust		1.740		09/15/20		2,022,704
			Series - 2015 B (Class A4)
			TOTAL ASSET BACKED						32,266,833
OTHER MORTGAGE BACKED - 10.2%
	102,146	g	7 WTC Depositor LLC Trust		4.082		03/13/31		103,361
			Series - 2012 7WTC (Class A)
	1,000,000	g,i	ACRE Commercial Mortgage Trust		2.934		08/15/31		985,579
			Series - 2014 FL2 (Class C)
	200,000	i	Banc of America Commercial Mortgage Trust		6.009		05/10/45		197,339
			Series - 2006 2 (Class C)
	1,977,000		Banc of America Commercial Mortgage Trust		5.480		10/10/45		1,956,860
			Series - 2006 6 (Class B)
	500,000	i	Banc of America Commercial Mortgage Trust		5.482		01/15/49		494,420
			Series - 2007 1 (Class AMFX)

235

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000	i	Banc of America Commercial Mortgage Trust		5.809	%	02/10/51	$	1,006,771
			Series - 2007 4 (Class AJ)
	750,000	g,i	Banc of America Commercial Mortgage Trust		5.821		02/10/51		660,853
			Series - 2007 4 (Class E)
	2,000,000	i	Banc of America Commercial Mortgage Trust		5.971		02/10/51		1,867,185
			Series - 2007 5 (Class AJ)
	500,000	g,i	Banc of America Commercial Mortgage Trust		6.000		02/10/51		462,549
			Series - 2007 4 (Class D)
	3,000,000	g	BBCMS Trust		3.593		09/15/32		3,206,120
			Series - 2015 MSQ (Class A)
	2,500,000	g	BBCMS Trust		3.894		09/15/32		2,625,724
			Series - 2015 MSQ (Class B)
	1,120,000	i	Bear Stearns Commercial Mortgage Securities Trust		6.101		09/11/42		1,167,649
			Series - 2007 T28 (Class AJ)
	1,000,000	i	Bear Stearns Commercial Mortgage Securities Trust		5.878		06/11/50		981,883
			Series - 2007 PW17 (Class AJ)
	65,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		67,024
			Series - 2007 C3 (Class AM)
	1,500,000	i	COBALT CMBS Commercial Mortgage Trust		5.771		05/15/46		1,471,839
			Series - 2007 C3 (Class AJ)
	5,000,000	g	COMM Mortgage Trust		3.544		03/10/31		5,077,805
			Series - 2013 WWP (Class C)
	34,183	i	Commercial Mortgage Trust		5.238		04/10/37		34,161
			Series - 2005 GG5 (Class AJ)
	2,000,000	i	Commercial Mortgage Trust		5.867		12/10/49		2,068,927
			Series - 2007 GG11 (Class AM)
	1,510,000	i	Commercial Mortgage Trust		6.147		12/10/49		1,481,079
			Series - 2007 GG11 (Class B)
	283,659	i	Countrywide Home Loan Mortgage Pass Through Trust		2.693		11/20/34		268,997
			Series - 2004 HYB6 (Class A2)
	500,000	g,i	Credit Suisse Commercial Mortgage Trust		5.415		02/25/21		502,535
			Series - 2006 K1A (Class H)
	670,000	i	Credit Suisse Commercial Mortgage Trust		5.903		09/15/39		666,221
			Series - 2007 C4 (Class A1AJ)
	2,500,000	i	Credit Suisse Commercial Mortgage Trust		5.949		09/15/39		2,489,771
			Series - 2007 C4 (Class AJ)
	1,000,000	i	Credit Suisse Commercial Mortgage Trust		0.676		01/15/49		976,835
			Series - 2007 C2 (Class AMFL)
	1,250,000	i	Credit Suisse Commercial Mortgage Trust		5.625		01/15/49		1,253,081
			Series - 2007 C2 (Class AJ)
	1,500,000	i	GE Commercial Mortgage Corp		5.606		12/10/49		1,451,076
			Series - 2007 C1 (Class AM)
	3,000,000	g	GRACE 2014-GRCE Mortgage Trust		3.369		06/10/28		3,202,681
			Series - 2014 GRCE (Class A)
	50,039	i	Impac CMB Trust		1.113		03/25/35		45,833
			Series - 2004 11 (Class 2A1)
	1,000,000	i	LB-UBS Commercial Mortgage Trust		6.049		06/15/38		998,885
			Series - 2006 C4 (Class B)
	500,000	i	LB-UBS Commercial Mortgage Trust		5.737		03/15/39		499,525
			Series - 2006 C3 (Class C)
	710,000	i	LB-UBS Commercial Mortgage Trust		5.563		02/15/40		682,341
			Series - 2007 C1 (Class D)
	1,627,912	g,i	LVII Resecuritization Trust		3.257		07/25/47		1,630,964
			Series - 2015 A (Class A)

236

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,100,000	g,i	ML-CFC Commercial Mortgage Trust		0.627	%	08/12/48	$	1,061,164
			Series - 2007 5 (Class AMFL)
	1,000,000	i	ML-CFC Commercial Mortgage Trust		5.526		03/12/51		1,004,870
			Series - 2007 6 (Class AM)
	3,000,000	g	Morgan Stanley Capital I Trust		3.350		07/13/29		3,188,281
			Series - 2014 CPT (Class A)
	1,090,000	g,i	Morgan Stanley Capital I Trust		3.560		07/13/29		1,138,839
			Series - 2014 CPT (Class B)
	5,000,000	g	Morgan Stanley Capital I Trust		2.695		01/11/32		5,137,451
			Series - 2013 WLSR (Class A)
	1,500,000	i	Morgan Stanley Capital I Trust		5.861		04/12/49		1,491,882
			Series - 2007 HQ12 (Class C)
	2,000,000	i	Morgan Stanley Capital I Trust		5.907		06/11/49		2,062,011
			Series - 2007 IQ15 (Class AM)
	1,000,000	i	Morgan Stanley Capital I Trust		5.907		06/11/49		939,539
			Series - 2007 IQ15 (Class AJ)
	2,000,000	i	Morgan Stanley Capital I Trust		6.298		12/12/49		1,792,570
			Series - 2007 IQ16 (Class AJFX)
	1,000,000	i	Morgan Stanley Capital I Trust		6.319		12/12/49		896,599
			Series - 2007 IQ16 (Class AJA)
	3,000,000	g	OBP Depositor LLC Trust		4.646		07/15/45		3,306,095
			Series - 2010 OBP (Class A)
	79,520	i	Structured Agency Credit Risk Debt Note (STACR)		1.703		01/25/25		79,520
			Series - 2015 DN1 (Class M1)
	625,000	i	Structured Agency Credit Risk Debt Note (STACR)		2.853		01/25/25		630,063
			Series - 2015 DN1 (Class M2)
	1,000,000	i	Structured Agency Credit Risk Debt Note (STACR)		2.653		03/25/25		1,004,108
			Series - 2015 HQ1 (Class M2)
	250,000	i	Structured Agency Credit Risk Debt Note (STACR)		4.253		03/25/25		258,498
			Series - 2015 HQ1 (Class M3)
	3,500,000	i	Structured Agency Credit Risk Debt Note (STACR)		2.653		10/25/28		3,528,379
			Series - 2016 DNA2 (Class M2)
	2,000,000	g,i	Wachovia Bank Commercial Mortgage Trust		0.646		12/15/43		1,924,694
			Series - 2007 C30 (Class AMFL)
	1,000,000	i	Wachovia Bank Commercial Mortgage Trust		5.789		01/15/45		973,094
			Series - 2006 C23 (Class F)
	2,250,000	i	Wachovia Bank Commercial Mortgage Trust		5.825		07/15/45		2,243,610
			Series - 2006 C27 (Class AJ)
	70,000	i	Wachovia Bank Commercial Mortgage Trust		5.818		05/15/46		73,216
			Series - 2007 C34 (Class AM)
	750,000	i	Wachovia Bank Commercial Mortgage Trust		6.141		05/15/46		742,514
			Series - 2007 C34 (Class AJ)
	2,000,000	i	Wachovia Bank Commercial Mortgage Trust		6.219		05/15/46		1,959,001
			Series - 2007 C34 (Class C)
	2,250,000	i	Wachovia Bank Commercial Mortgage Trust		5.660		04/15/47		2,255,008
			Series - 2007 C31 (Class AJ)
	500,000	i	Wachovia Bank Commercial Mortgage Trust		5.829		04/15/47		473,779
			Series - 2007 C31 (Class C)
	1,000,000	g	Wachovia Bank Commercial Mortgage Trust		5.703		06/15/49		1,026,770
			Series - 2007 C32 (Class AMFX)
	2,665,000	g,i	Wachovia Bank Commercial Mortgage Trust		5.715		06/15/49		486,913
			Series - 2007 C32 (Class J)

237

TIAA-CREF FUNDS - Social Choice Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	2,010,000	i	Wachovia Bank Commercial Mortgage Trust		5.750	%	06/15/49	$	1,961,697
			Series - 2007 C32 (Class AJ)
	1,000,000	i	Wachovia Bank Commercial Mortgage Trust		5.750		06/15/49		954,947
			Series - 2007 C32 (Class B)
	40,000	i	Wachovia Bank Commercial Mortgage Trust		5.953		02/15/51		41,190
			Series - 2007 C33 (Class AM)
	890,886	i	WaMu Mortgage Pass-Through Certificates		0.883		10/25/45		770,468
			Series - 2005 AR13 (Class A1B2)
			TOTAL OTHER MORTGAGE BACKED						83,992,643
			TOTAL STRUCTURED ASSETS						116,259,476
			(Cost $117,595,784)
			TOTAL BONDS						785,261,069
			(Cost $765,953,463)
SHARES			COMPANY
PREFERRED STOCKS - 0.0%
BANKS - 0.0%
	250		M&T Bank Corp		6.375		12/30/49		264,250
			TOTAL BANKS						264,250
			TOTAL PREFERRED STOCKS						264,250
			(Cost $255,625)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 7.6%
GOVERNMENT AGENCY DEBT - 1.0%
	7,900,000		Federal Home Loan Bank (FHLB)		0.345		07/22/16		7,899,218
			TOTAL GOVERNMENT AGENCY DEBT						7,899,218
TREASURY DEBT - 6.6%
	4,000,000		United States Treasury Bill		0.225		07/14/16		3,999,816
	35,600,000		United States Treasury Bill		0.196-0.285		08/04/16		35,592,844
	15,100,000		United States Treasury Bill		0.252		09/15/16		15,093,099
			TOTAL TREASURY DEBT						54,685,759
			TOTAL SHORT-TERM INVESTMENTS						62,584,977
			(Cost $62,583,378)
			TOTAL INVESTMENTS - 104.8%						864,019,940
			(Cost $844,919,992)
			OTHER ASSETS & LIABILITIES, NET - (4.8)%						(39,341,802	)
			NET ASSETS - 100.0%					$	824,678,138

	Abbreviation(s):
REIT	Real Estate Investment Trust

g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be re-sold in transactions exempt from registration to qualified institutional buyers. At 6/30/2016, the aggregate value of these securities was $143,777,716 or 17.4% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.

238

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

TIAA-CREF FUNDS
TAX-EXEMPT BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2016

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
LONG-TERM MUNICIPAL BONDS - 96.5%
ALABAMA - 0.9%
$	2,220,000		Mobile County Board of School Commissioners		5.000	%	03/01/26	$	2,826,526
			TOTAL ALABAMA						2,826,526
ARIZONA - 0.9%
	200,000		City of Phoenix Civic Improvement Corp		5.000		07/01/24		250,788
	200,000		City of Phoenix Civic Improvement Corp		5.000		07/01/25		253,830
	2,000,000		City of Tucson AZ, GO		5.000		07/01/20		2,316,100
			TOTAL ARIZONA						2,820,718
CALIFORNIA - 14.3%
	560,000		California Health Facilities Financing Authority		5.000		11/15/33		702,722
	715,000	g	California School Finance Authority		5.000		08/01/25		872,207
	1,000,000		California Statewide Communities Development Authority		5.000		08/15/35		1,233,490
	1,395,000	h	City of Compton CA		2.000		06/01/17		1,395,000
	2,000,000		County of San Bernardino CA, COP		5.250		08/01/19		2,245,940
	700,000		Kern County Water Agency Improvement District No 4		5.000		05/01/24		882,469
	1,000,000		Kern County Water Agency Improvement District No 4		5.000		05/01/25		1,283,340
	1,500,000		Kern County Water Agency Improvement District No 4		5.000		05/01/26		1,950,615
	2,480,000		Los Angeles Department of Water & Power		5.000		07/01/44		3,030,709
	1,000,000		Oakland Unified School District		5.000		08/01/35		1,203,530
	500,000		Oakland Unified School District		5.000		08/01/40		596,835
	450,000		Palmdale Community Redevelopment Agency		5.000		09/01/25		576,248
	550,000		Palmdale Community Redevelopment Agency		5.000		09/01/26		713,818
	415,000		Palmdale Community Redevelopment Agency		5.000		09/01/31		523,215
	1,600,000		San Diego Public Facilities Financing Authority		5.000		10/15/26		2,059,184
	750,000		San Diego Public Facilities Financing Authority		5.000		10/15/31		938,153
	800,000		San Francisco City & County Redevelopment Agency		5.000		08/01/25		1,029,544
	205,000		San Francisco City & County Redevelopment Agency		5.000		08/01/36		247,529
	520,000		San Francisco City & County Redevelopment Agency		5.000		08/01/36		641,337
	5,000,000		State of California		5.000		08/01/24		6,390,800
	3,000,000		State of California		5.000		09/01/24		3,839,940
	1,000,000		State of California		5.000		09/01/24		1,279,980
	1,400,000		State of California		5.000		09/01/25		1,818,964
	2,000,000		State of California, GO		5.000		02/01/22		2,421,440
	2,000,000		State of California, GO		5.000		04/01/22		2,432,400
	1,915,000		Union City Community Redevelopment Agency		5.000		10/01/28		2,439,863
	1,710,000		West Contra Costa Unified School District, GO		5.700		02/01/21		2,067,236
			TOTAL CALIFORNIA						44,816,508
COLORADO - 1.2%
	2,155,000		Colorado Health Facilities Authority		5.000		01/01/32		2,416,488

239

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000		Denver Urban Renewal Authority		5.000	%	12/01/24	$	1,267,210
			TOTAL COLORADO						3,683,698
CONNECTICUT - 2.1%
	1,400,000		Connecticut State Health & Educational Facility Authority		5.000		07/01/22		1,683,976
	2,000,000		University of Connecticut		5.000		03/15/28		2,518,140
	2,000,000		University of Connecticut		5.000		03/15/30		2,496,200
			TOTAL CONNECTICUT						6,698,316
FLORIDA - 5.7%
	1,695,000		City of Miami Beach FL		5.000		09/01/24		2,168,075
	1,000,000		County of Orange FL		5.000		10/01/21		1,183,900
	1,295,000		Florida Higher Educational Facilities Financial Authority		5.000		04/01/26		1,647,628
	1,000,000		Florida Higher Educational Facilities Financial Authority		5.000		04/01/30		1,243,170
	1,225,000		JEA Electric System Revenue		5.000		10/01/21		1,461,217
	1,250,000		Miami Beach Redevelopment Agency		5.000		02/01/24		1,579,288
	500,000		Orange County Health Facilities Authority		5.000		10/01/27		639,270
	1,500,000		Orange County Health Facilities Authority		5.000		10/01/39		1,823,160
	1,425,000		Orange County Health Facilities Authority		5.375		10/01/41		1,571,861
	3,000,000		School District of Broward County		5.000		07/01/26		3,892,950
	500,000		School District of Broward County		5.000		07/01/31		627,960
			TOTAL FLORIDA						17,838,479
GEORGIA - 1.4%
	1,000,000		City of Atlanta Department of Aviation		5.000		01/01/24		1,263,930
	1,130,000		Private Colleges & Universities Authority		5.000		04/01/17		1,162,883
	1,735,000		Private Colleges & Universities Authority		5.000		04/01/21		2,005,556
			TOTAL GEORGIA						4,432,369
HAWAII - 1.4%
	2,500,000		State of Hawaii		5.000		10/01/24		3,206,725
	1,000,000		State of Hawaii Airports System Revenue		5.000		07/01/41		1,188,570
			TOTAL HAWAII						4,395,295
ILLINOIS - 8.2%
	2,000,000		Chicago Midway International Airport		5.000		01/01/26		2,473,240
	1,000,000		Chicago Public Building Commission		5.250		03/01/24		1,125,840
	2,085,000		Chicago State University		5.500		12/01/23		2,335,700
	1,220,000		Chicago Transit Authority		5.250		12/01/24		1,420,031
	1,000,000		City of Chicago IL Motor Fuel Tax Revenue		5.000		01/01/24		1,099,410
	1,500,000		City of Chicago IL Wastewater Transmission Revenue		5.000		01/01/22		1,732,710
	1,000,000		City of Chicago IL Wastewater Transmission Revenue		5.000		01/01/23		1,175,650
	1,500,000		City of Chicago IL, GO		5.500		01/01/35		1,541,940
	650,000		City of Chicago IL, GO		5.500		01/01/37		665,028
	500,000		City of Chicago IL, GO		5.500		01/01/42		509,150
	1,750,000	h	County of Cook IL		5.000		11/15/31		2,123,170
	400,000		Illinois Finance Authority		5.000		05/01/21		465,052
	500,000		Illinois Finance Authority		5.000		11/01/21		589,420
	1,000,000		Illinois State Toll Highway Authority		5.000		01/01/24		1,247,760

240

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	2,000,000	h	Metropolitan Water Reclamation District of Greater Chicago		5.000	%	12/01/30	$	2,522,240
	2,000,000		State of Illinois		5.000		06/01/28		2,272,500
	1,500,000		State of Illinois, GO		5.000		06/15/19		1,664,715
	635,000		State of Illinois, GO		6.250		12/15/20		698,494
			TOTAL ILLINOIS						25,662,050
INDIANA - 1.5%
	2,120,000		Indiana Bond Bank		5.250		04/01/19		2,373,552
	1,940,000		Indianapolis Local Public Improvement Bond Bank		5.500		01/01/21		2,273,602
			TOTAL INDIANA						4,647,154
KANSAS - 0.4%
	1,000,000		Wyandotte County-Kansas City Unified Government Utility System Revenue		5.000		09/01/22		1,212,160
			TOTAL KANSAS						1,212,160
KENTUCKY - 1.7%
	2,000,000		Kentucky Turnpike Authority		5.000		07/01/26		2,578,340
	1,250,000		Paducah Electric Plant Board		5.000		10/01/34		1,503,100
	1,250,000		Paducah Electric Plant Board		5.000		10/01/35		1,498,150
			TOTAL KENTUCKY						5,579,590
LOUISIANA - 0.8%
	1,000,000		Louisiana Public Facilities Authority		5.250		10/01/24		1,158,080
	1,000,000		State of Louisiana		5.000		08/01/26		1,283,930
			TOTAL LOUISIANA						2,442,010
MARYLAND - 3.2%
	4,000,000		County of Montgomery MD, GO		5.000		07/01/21		4,789,240
	1,400,000		Maryland Economic Development Corp		5.000		03/31/36		1,714,244
	3,000,000		State of Maryland		5.000		08/01/23		3,784,350
			TOTAL MARYLAND						10,287,834
MASSACHUSETTS - 1.6%
	1,040,000		Massachusetts Department of Transportation		5.000		01/01/32		1,172,246
	1,000,000		Massachusetts Development Finance Agency		5.000		04/15/25		1,170,920
	500,000		Massachusetts Development Finance Agency		5.000		12/01/29		637,540
	750,000		Massachusetts Development Finance Agency		5.000		12/01/30		953,895
	750,000		Massachusetts Development Finance Agency		5.000		12/01/31		948,285
	10,000		Massachusetts School Building Authority		5.000		08/15/37		10,433
			TOTAL MASSACHUSETTS						4,893,319
MICHIGAN - 2.5%
	1,500,000		Michigan Finance Authority		5.000		07/01/22		1,775,910
	1,100,000		Michigan Finance Authority		5.000		07/01/35		1,290,135
	2,000,000		Michigan Finance Authority, GO		5.000		05/01/18		2,141,980
	1,000,000		Michigan Finance Authority, GO		5.000		05/01/20		1,135,010

241

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	1,000,000		Michigan Finance Authority, GO		5.000	%	10/01/22	$	1,227,650
			TOTAL MICHIGAN						7,570,685
MINNESOTA - 2.7%
	500,000		Northern Municipal Power Agency		5.000		01/01/26		639,955
	500,000		Northern Municipal Power Agency		5.000		01/01/28		630,500
	350,000		Northern Municipal Power Agency		5.000		01/01/31		435,526
	3,000,000		State of Minnesota		5.000		08/01/23		3,777,390
	1,715,000		University of Minnesota		5.000		08/01/21		2,046,698
	1,000,000		Western Minnesota Municipal Power Agency		5.000		01/01/22		1,204,710
			TOTAL MINNESOTA						8,734,779
MISSISSIPPI - 2.4%
	750,000		Mississippi Development Bank		5.000		04/01/23		907,942
	1,500,000		Mississippi Development Bank		5.000		03/01/24		1,811,895
	750,000		Mississippi Development Bank		5.000		04/01/24		923,183
	1,250,000		Mississippi Development Bank		5.000		03/01/25		1,528,775
	1,045,000		Mississippi Development Bank		5.000		03/01/26		1,290,000
	1,000,000		Mississippi Development Bank		5.000		03/01/35		1,201,790
			TOTAL MISSISSIPPI						7,663,585
MISSOURI - 3.0%
	1,225,000		City of Kansas City MO		5.000		10/01/26		1,539,360
	1,000,000		City of St. Louis MO Parking Revenue		5.000		12/15/24		1,244,250
	1,000,000		City of St. Louis MO Parking Revenue		5.000		12/15/25		1,262,830
	1,000,000		City of St. Louis MO Parking Revenue		5.000		12/15/26		1,253,030
	3,500,000		Health & Educational Facilities Authority of the State of Missouri		5.000		02/01/35		4,032,175
			TOTAL MISSOURI						9,331,645
NEBRASKA - 0.4%
	1,000,000		Central Plains Energy Project		5.000		09/01/22		1,190,060
			TOTAL NEBRASKA						1,190,060
NEVADA - 0.4%
	1,000,000		Las Vegas Redevelopment Agency		5.000		06/15/26		1,248,790
			TOTAL NEVADA						1,248,790
NEW JERSEY - 1.0%
	1,000,000		New Jersey Educational Facilities Authority		5.000		07/01/27		1,276,580
	1,475,000	h	New Jersey Educational Facilities Authority		5.000		07/01/33		1,748,450
			TOTAL NEW JERSEY						3,025,030
NEW YORK - 11.5%
	1,600,000		City of Ogdensburg NY		1.500		07/29/16		1,601,104
	1,000,000		County of Nassau NY		5.000		10/01/26		1,283,890
	1,000,000		Metropolitan Transportation Authority		5.000		11/15/20		1,173,430
	5,000,000		New York City Water & Sewer System		5.250		06/15/40		5,628,450
	5,000,000		New York City Water & Sewer System		5.000		06/15/46		5,992,700

242

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	1,000,000	New York State Dormitory Authority		5.000	%	07/01/16	$	1,000,000
	2,250,000	New York State Dormitory Authority		5.000		10/01/17		2,369,700
	1,000,000	New York Transportation Development Corp		5.000		08/01/31		1,092,890
	2,500,000	Salmon River Central School District		2.000		07/22/16		2,501,750
	1,385,000	Troy Capital Resource Corp		5.000		08/01/24		1,715,309
	5,000,000	Utica School District		2.000		07/22/16		5,002,650
	750,000	Utility Debt Securitization Authority		5.000		06/15/24		924,780
	2,530,000	Village of Brocton NY		1.625		07/20/16		2,530,455
	1,000,000	Westchester County Local Development Corp		5.000		11/01/24		1,225,410
	1,000,000	Westchester County Local Development Corp		5.000		11/01/25		1,240,450
	1,000,000	Westchester County Local Development Corp		5.000		11/01/26		1,234,740
		TOTAL NEW YORK						36,517,708
NORTH CAROLINA - 1.4%
	900,000	North Carolina Medical Care Commission		5.000		10/01/18		959,751
	2,000,000	North Carolina Medical Care Commission		5.000		06/01/34		2,250,600
	1,180,000	North Carolina Medical Care Commission		5.000		10/01/35		1,292,371
		TOTAL NORTH CAROLINA						4,502,722
NORTH DAKOTA - 0.3%
	1,000,000	North Dakota Housing Finance Agency		2.400		01/01/26		1,017,210
		TOTAL NORTH DAKOTA						1,017,210
OHIO - 4.4%
	115,000	American Municipal Power, Inc		5.250		02/15/33		122,453
	1,885,000	American Municipal Power, Inc		5.250		02/15/33		2,024,433
	1,200,000	City of Cleveland OH Airport System Revenue		5.000		01/01/24		1,473,468
	2,000,000	City of Cleveland OH Airport System Revenue		5.000		01/01/25		2,496,220
	3,000,000	City of Marion OH		2.000		09/08/16		3,001,920
	1,000,000	Cleveland-Cuyahoga County Port Authority		5.000		08/01/44		1,095,440
	1,000,000	Ohio Air Quality Development Authority		5.625		06/01/18		1,058,070
	1,660,000	State of Ohio, GO		5.000		01/15/21		1,928,256
	1,000,000	State of Ohio, GO		5.000		08/01/21		1,196,690
		TOTAL OHIO						14,396,950
OKLAHOMA - 0.5%
	1,220,000	Oklahoma Development Finance Authority		5.000		08/15/24		1,537,407
		TOTAL OKLAHOMA						1,537,407
PENNSYLVANIA - 2.4%
	1,100,000	Allegheny County Higher Education Building Authority		5.000		03/01/29		1,381,754
	795,000	Montgomery County Industrial Development Authority		3.000		01/01/18		797,409
	2,000,000	Pennsylvania Economic Development Financing Authority		5.000		12/31/25		2,457,860
	2,500,000	Pennsylvania State University		5.000		03/01/40		2,824,125
		TOTAL PENNSYLVANIA						7,461,148
RHODE ISLAND - 2.3%
	2,000,000	Rhode Island Health & Educational Building Corp		5.000		09/01/21		2,396,320
	1,900,000	Rhode Island Health & Educational Building Corp		5.000		09/01/39		2,118,937

243

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

PRINCIPAL			ISSUER	RATE			DATE	VALUE
$	2,000,000		State of Rhode Island, GO		5.000	%	08/01/21	$	2,381,380
			TOTAL RHODE ISLAND						6,896,637
SOUTH CAROLINA - 0.4%
	1,120,000		Scago Educational Facilities Corp for Colleton School District		5.000		12/01/16		1,140,014
			TOTAL SOUTH CAROLINA						1,140,014
SOUTH DAKOTA - 0.7%
	390,000		South Dakota Health & Educational Facilities Authority		5.000		11/01/22		470,691
	415,000		South Dakota Health & Educational Facilities Authority		5.000		11/01/23		509,832
	500,000		South Dakota Health & Educational Facilities Authority		5.000		11/01/24		623,100
	465,000		South Dakota Health & Educational Facilities Authority		5.000		11/01/25		582,612
			TOTAL SOUTH DAKOTA						2,186,235
TENNESSEE - 0.9%
	2,855,000		Sullivan County Health Educational & Housing Facilities Board		5.250		09/01/26		2,880,096
			TOTAL TENNESSEE						2,880,096
TEXAS - 7.2%
	1,000,000		Central Texas Regional Mobility Authority		5.000		01/01/35		1,191,220
	1,165,000		City of Frisco TX, GO		5.500		02/15/25		1,261,532
	1,000,000		City of Houston TX		5.000		03/01/26		1,288,500
	1,095,000		City of Lubbock TX		5.000		02/15/25		1,395,282
	1,500,000		City of Lubbock TX		5.000		02/15/25		1,911,345
	1,000,000		County of Denton TX		5.000		07/15/25		1,287,570
	1,220,000		Dallas Area Rapid Transit		5.000		12/01/37		1,457,522
	1,570,000		Houston Independent School District		5.000		02/15/24		1,986,898
	3,000,000		State of Texas		5.000		10/01/23		3,771,240
	455,000		Tarrant County Cultural Education Facilities Finance Corp		4.000		11/15/18		480,057
	1,750,000		Tarrant County Cultural Education Facilities Finance Corp		5.000		11/15/35		2,013,637
	1,000,000		Tarrant County Cultural Education Facilities Finance Corp		5.000		11/15/36		1,147,150
	1,400,000		Texas Municipal Gas Acquisition & Supply Corp III		5.000		12/15/22		1,687,378
	1,545,000		Texas Municipal Gas Acquisition & Supply Corp III		5.000		12/15/32		1,776,441
			TOTAL TEXAS						22,655,772
VIRGIN ISLANDS - 1.7%
	2,000,000	g	Virgin Islands Public Finance Authority		5.000		09/01/25		2,454,100
	2,500,000	g	Virgin Islands Public Finance Authority		5.000		09/01/33		2,926,200
			TOTAL VIRGIN ISLANDS						5,380,300
VIRGINIA - 0.2%
	200,000		Alexandria Industrial Development Authority		2.000		10/01/16		200,630
	250,000		Alexandria Industrial Development Authority		3.000		10/01/17		256,250
			TOTAL VIRGINIA						456,880
WASHINGTON - 4.1%
	1,955,000		Energy Northwest		5.000		07/01/23		2,402,851
	750,000		Energy Northwest		5.000		07/01/24		954,630

244

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

PRINCIPAL		ISSUER	RATE			DATE	VALUE
$	3,150,000	Port of Seattle WA		5.500	%	09/01/17	$	3,320,636
	2,000,000	Skagit County Public Hospital District No		5.625		12/01/25		2,120,700
	3,000,000	State of Washington, GO		5.250		02/01/22		3,650,850
		TOTAL WASHINGTON						12,449,667
WEST VIRGINIA - 0.8%
	805,000	Berkeley County Public Service Sewer District		5.000		06/01/28		1,002,949
	1,500,000	City of Princeton WV		5.000		05/01/21		1,708,695
		TOTAL WEST VIRGINIA						2,711,644
		TOTAL LONG-TERM MUNICIPAL BONDS						303,190,990
		(Cost $289,017,928)
		TOTAL INVESTMENTS - 96.5%						303,190,990
		(Cost $289,017,928)
		OTHER ASSETS & LIABILITIES, NET - 3.5%						11,021,827
		NET ASSETS - 100.0%					$	314,212,817

	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 6/30/2016, the aggregate value of these securities was $6,252,507 or 2.0% of net assets.
h	These securities were purchased on a delayed delivery basis.

245

TIAA-CREF FUNDS - Money Market Fund

TIAA-CREF FUNDS

MONEY MARKET FUND

SCHEDULE OF INVESTMENTS (unaudited)

June 30, 2016

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 99.8%
CERTIFICATE OF DEPOSIT - 2.5%
$	5,000,000		Banco Del Estado De Chile		0.580	%	07/08/16	$	5,000,000
	5,000,000		Banco Del Estado De Chile		0.580		08/17/16		5,000,000
	3,000,000		Banco Del Estado De Chile		0.600		09/12/16		3,000,000
	8,000,000		Toronto-Dominion Bank		0.540		08/01/16		8,000,000
			TOTAL CERTIFICATE OF DEPOSIT						21,000,000
COMMERCIAL PAPER - 35.4%
	2,340,000	y	Apple, Inc		0.440		07/13/16		2,339,657
	2,055,000	y	Apple, Inc		0.450		07/14/16		2,054,666
	9,478,000	y	Apple, Inc		0.450-0.455		07/19/16		9,475,861
	4,000,000	y	Apple, Inc		0.460		07/22/16		3,998,926
	4,680,000	y	Apple, Inc		0.440		07/27/16		4,678,513
	7,000,000	y	Apple, Inc		0.400		09/06/16		6,994,789
	3,920,000	y	Australia & New Zealand Banking Group Ltd		0.540		07/26/16		3,918,530
	5,000,000	y	Australia & New Zealand Banking Group Ltd		0.555		08/03/16		4,997,456
	2,000,000	y	Australia & New Zealand Banking Group Ltd		0.630		09/06/16		1,997,655
	2,000,000	y	Australia & New Zealand Banking Group Ltd		0.570		09/14/16		1,997,625
	3,000,000	y	Bedford Row Funding Corp		0.620		09/15/16		2,996,073
	5,000,000	y	Chevron Corp		0.520		07/11/16		4,999,278
	4,500,000	y	Coca-Cola Co		0.650		10/05/16		4,492,200
	2,880,000	y	Commonwealth Bank of Australia		0.620		08/01/16		2,878,462
	800,000	y	Commonwealth Bank of Australia		0.510		08/25/16		799,377
	5,000,000	y	Commonwealth Bank of Australia		0.580		09/16/16		4,993,797
	2,800,000	y	Commonwealth Bank of Australia		0.610-0.670		09/30/16		2,795,637
	3,150,000	y	DBS Bank Ltd		0.570-0.670		07/29/16		3,148,444
	5,000,000	y	Fairway Finance Co LLC		0.560		07/14/16		4,998,989
	3,000,000	y	Fairway Finance Co LLC		0.490		07/25/16		2,999,020
	625,000	y	Fairway Finance Co LLC		0.570		08/09/16		624,614
	5,000,000	y	Fairway Finance Co LLC		0.570		08/16/16		4,996,358
	4,635,000	y	Hydro-Quebec		0.505		08/18/16		4,631,879
	359,000		JPMorgan Chase Bank		0.720		07/07/16		358,957
	112,000		JPMorgan Chase Bank		0.720		07/15/16		111,969
	135,000		JPMorgan Chase Bank NA		0.000		08/25/16		134,872
	173,000		JPMorgan Chase Bank NA		0.000		08/29/16		172,824
	1,500,000		Korea Development Bank		0.730		10/04/16		1,497,110
	4,250,000	y	Microsoft Corp		0.420		07/13/16		4,249,405
	2,350,000	y	Microsoft Corp		0.420		07/27/16		2,349,287
	1,400,000	y	Microsoft Corp		0.470		08/17/16		1,399,141
	2,000,000	y	Microsoft Corp		0.470		09/28/16		1,997,676
	2,000,000	y	National Australia Bank Ltd		0.800		09/19/16		1,996,445
	2,000,000	y	Nestle Capital Corp		0.580		07/12/16		1,999,645
	1,500,000	y	Nestle Capital Corp		0.580		07/22/16		1,499,492
	5,000,000	y	Nestle Capital Corp		0.550		07/26/16		4,998,090
	1,980,000	y	Nestle Capital Corp		0.540		07/27/16		1,979,228

246

TIAA-CREF FUNDS - Money Market Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
$	1,000,000	y	Nestle Capital Corp	0.560	%	08/05/16	$	999,456
	2,000,000	y	Nestle Capital Corp	0.550		08/12/16		1,998,717
	1,600,000	y	Nestle Capital Corp	0.540		08/15/16		1,598,920
	1,370,000	y	Nestle Capital Corp	0.550		08/22/16		1,368,912
	3,000,000	y	Nestle Capital Corp	0.580		09/02/16		2,996,955
	2,525,000	y	Nestle Capital Corp	0.520-0.590		10/04/16		2,521,288
	1,250,000	y	Nordea Bank AB	0.420-0.440		07/11/16		1,249,851
	5,000,000	y	Nordea Bank AB	0.618		07/29/16		4,997,599
	3,000,000	y	Novartis Finance Corp	0.460		07/01/16		3,000,000
	2,000,000	y	Novartis Finance Corp	0.470		07/18/16		1,999,556
	4,765,000	y	Novartis Finance Corp	0.520		08/19/16		4,761,628
	6,000,000	y	Old Line Funding LLC	0.470		07/20/16		5,998,512
	3,000,000	y	Old Line Funding LLC	0.680		08/08/16		2,997,847
	2,237,000	y	Old Line Funding LLC	0.630-0.670		09/06/16		2,234,285
	5,000,000	y	Old Line Funding LLC	0.660		09/07/16		4,993,767
	500,000	y	Old Line Funding LLC	0.620		09/08/16		499,406
	2,000,000	y	Old Line Funding LLC	0.750		09/15/16		1,996,833
	1,220,000		PACCAR Financial Corp	0.510		07/13/16		1,219,793
	3,000,000		PACCAR Financial Corp	0.510		07/21/16		2,999,150
	5,000,000	y	Private Export Funding Corp	0.520		07/08/16		4,999,494
	5,750,000	y	Private Export Funding Corp	0.520		08/03/16		5,747,259
	2,000,000		Province of British Columbia Canada	0.680		07/11/16		1,999,622
	5,000,000		Province of British Columbia Canada	0.590-0.600		07/12/16		4,999,092
	7,000,000		Province of British Columbia Canada	0.460-0.500		07/15/16		6,998,717
	601,000		Province of British Columbia Canada	0.510		07/18/16		600,855
	2,174,000		Province of British Columbia Canada	0.450		07/22/16		2,173,429
	2,000,000		Province of British Columbia Canada	0.620		07/29/16		1,999,036
	3,500,000		Province of British Columbia Canada	0.500		08/02/16		3,498,445
	2,000,000		Province of British Columbia Canada	0.580		10/03/16		1,996,971
	4,300,000		Province of Ontario Canada	0.470		07/05/16		4,299,775
	2,820,000		Province of Ontario Canada	0.490		07/07/16		2,819,770
	2,640,000		Province of Ontario Canada	0.480		08/10/16		2,638,592
	13,420,000		Province of Ontario Canada	0.400		08/17/16		13,412,992
	5,000,000		Province of Ontario Canada	0.470		08/22/16		4,996,606
	8,000,000	y	Province of Quebec Canada	0.520		07/06/16		7,999,422
	2,000,000	y	PSP Capital, Inc	0.520		07/05/16		1,999,884
	1,090,000	y	PSP Capital, Inc	0.590		07/28/16		1,089,518
	2,000,000	y	PSP Capital, Inc	0.610		08/02/16		1,998,916
	3,400,000	y	PSP Capital, Inc	0.580-0.600		08/08/16		3,397,884
	5,000,000	y	PSP Capital, Inc	0.610		08/12/16		4,996,442
	2,000,000	y	PSP Capital, Inc	0.650		08/26/16		1,997,978
	2,000,000	y	PSP Capital, Inc	0.580		08/29/16		1,998,099
	930,000	y	PSP Capital, Inc	0.640		09/28/16		928,528
	4,725,000	y	PSP Capital, Inc	0.560-0.630		10/06/16		4,717,493
	3,000,000	y	Svenska Handelsbanken AB	0.645		07/05/16		2,999,785
	1,000,000	y	Svenska Handelsbanken AB	0.640		10/05/16		998,293
	3,000,000	y	Toronto-Dominion Holdings USA, Inc	0.590		09/19/16		2,996,067
	2,000,000	y	Unilever Capital Corp	0.480		07/05/16		1,999,893
	3,000,000	y	Unilever Capital Corp	0.470		07/26/16		2,999,021
	2,000,000	y	Unilever Capital Corp	0.510		07/28/16		1,999,235
	5,000,000	y	Unilever Capital Corp	0.490		08/02/16		4,997,822
	3,000,000	y	Unilever Capital Corp	0.500		08/05/16		2,998,542
	5,000,000	y	Unilever Capital Corp	0.510		08/08/16		4,997,308

247

TIAA-CREF FUNDS - Money Market Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
$	1,090,000	y	United Overseas Bank Ltd	0.850	%	08/29/16	$	1,088,482
	1,400,000	y	United Overseas Bank Ltd	0.760		09/07/16		1,397,990
	965,000	y	Westpac Banking Corp	0.530		08/01/16		964,560
	4,945,000	y	Westpac Banking Corp	0.600-0.770		08/19/16		4,940,044
	2,049,000	y	Westpac Banking Corp	0.630-0.845		09/16/16		2,045,757
			TOTAL COMMERCIAL PAPER					294,712,040
GOVERNMENT AGENCY DEBT - 28.1%
	2,500,000		Federal Agricultural Mortgage Corp (FAMC)	0.340		08/26/16		2,498,678
	1,940,000		FAMC	0.500		09/08/16		1,938,141
	2,000,000		FAMC	0.400		10/11/16		1,997,733
	1,468,000		FAMC	0.460		11/03/16		1,465,655
	4,600,000		FAMC	0.500		12/16/16		4,589,267
	180,000		Federal Farm Credit Bank (FFCB)	0.520		08/12/16		179,891
	3,800,000		FFCB	0.500		10/11/16		3,794,617
	1,500,000		FFCB	0.500		10/18/16		1,497,729
	2,000,000		FFCB	0.390		10/31/16		1,997,357
	3,000,000		FFCB	0.520		11/09/16		2,994,323
	2,815,000		FFCB	0.440		11/10/16		2,810,458
	1,500,000		FFCB	0.440		11/16/16		1,497,470
	7,937,000		Federal Home Loan Bank (FHLB)	0.285-0.370		07/01/16		7,937,000
	13,500,000		FHLB	0.335		07/06/16		13,499,372
	1,735,000		FHLB	0.307-0.440		07/08/16		1,734,889
	700,000		FHLB	0.300		07/11/16		699,942
	800,000		FHLB	0.250		07/12/16		799,939
	3,300,000		FHLB	0.350-0.450		07/13/16		3,299,599
	2,000,000		FHLB	0.300		07/14/16		1,999,783
	8,700,000		FHLB	0.295-0.330		07/15/16		8,698,900
	6,400,000		FHLB	0.300		07/18/16		6,399,093
	3,025,000		FHLB	0.290		07/19/16		3,024,561
	5,800,000		FHLB	0.270-0.360		07/20/16		5,799,031
	4,000,000		FHLB	0.345		07/22/16		3,999,195
	9,225,000		FHLB	0.300-0.330		07/25/16		9,223,075
	2,700,000		FHLB	0.355-0.380		07/29/16		2,699,235
	400,000		FHLB	0.400		08/01/16		399,862
	2,000,000		FHLB	0.320		08/02/16		1,999,431
	1,455,000		FHLB	0.320		08/03/16		1,454,573
	3,000,000		FHLB	0.385		08/04/16		2,998,909
	9,805,000		FHLB	0.290-0.380		08/05/16		9,802,073
	4,700,000		FHLB	0.310-0.320		08/09/16		4,698,392
	1,335,000		FHLB	0.330		08/10/16		1,334,511
	960,000		FHLB	0.315		08/11/16		959,656
	5,000,000		FHLB	0.420		08/12/16		4,997,550
	3,775,000		FHLB	0.350-0.435		08/15/16		3,773,085
	2,000,000		FHLB	0.330		08/17/16		1,999,138
	3,965,000		FHLB	0.330-0.360		08/19/16		3,963,178
	8,000,000		FHLB	0.320		08/22/16		7,996,302
	7,200,000		FHLB	0.290-0.350		08/26/16		7,196,444
	5,000,000		FHLB	0.330		08/30/16		4,997,250
	2,000,000		FHLB	0.335		08/31/16		1,998,865
	5,247,000		FHLB	0.330-0.400		09/02/16		5,243,603
	11,000,000		FHLB	0.400		09/14/16		10,990,833
	14,100,000		FHLB	0.350		09/21/16		14,088,759

248

TIAA-CREF FUNDS - Money Market Fund

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
$	8,500,000	FHLB	0.360	%	09/22/16	$	8,492,945
	5,000,000	FHLB	0.395		09/27/16		4,995,172
	2,050,000	FHLB	0.400		09/28/16		2,047,973
	700,000	FHLB	0.420		10/12/16		699,159
	470,000	FHLB	0.470		10/18/16		469,331
	700,000	FHLB	0.480		11/14/16		698,731
	600,000	Federal Home Loan Mortgage Corp (FHLMC)	0.440		07/05/16		599,971
	1,900,000	FHLMC	0.465		08/12/16		1,898,969
	1,000,000	FHLMC	0.440		10/03/16		998,851
	2,120,000	FHLMC	0.370		10/07/16		2,117,865
	3,790,000	FHLMC	0.380-0.390		10/19/16		3,785,508
	5,000,000	FHLMC	0.000		10/21/16		4,993,544
	3,000,000	FHLMC	0.420-0.515		11/04/16		2,994,925
	2,000,000	FHLMC	0.875		02/22/17		2,003,547
	330,000	Federal National Mortgage Association (FNMA)	0.550		07/06/16		329,975
	1,200,000	FNMA	0.420		10/05/16		1,198,656
	3,520,000	FNMA	0.440-0.455		10/17/16		3,515,219
	2,000,000	FNMA	0.360		10/18/16		1,997,820
	2,000,000	FNMA	0.535		11/04/16		1,996,255
		TOTAL GOVERNMENT AGENCY DEBT					233,801,763
TREASURY DEBT - 18.5%
	6,920,000	United States Treasury Bill	0.211-0.447		07/07/16		6,919,672
	7,000,000	United States Treasury Bill	0.202-0.210		07/14/16		6,999,478
	6,000,000	United States Treasury Bill	0.205-0.228		07/21/16		5,999,270
	8,000,000	United States Treasury Bill	0.243-0.395		07/28/16		7,998,087
	7,930,000	United States Treasury Bill	0.270-0.430		08/04/16		7,927,437
	6,000,000	United States Treasury Bill	0.409-0.414		08/11/16		5,997,188
	8,100,000	United States Treasury Bill	0.321-0.433		08/18/16		8,095,891
	7,830,000	United States Treasury Bill	0.220-0.396		08/25/16		7,826,384
	7,220,000	United States Treasury Bill	0.475		09/01/16		7,215,149
	4,660,000	United States Treasury Bill	0.285-0.459		09/08/16		4,657,306
	3,705,000	United States Treasury Bill	0.285-0.452		09/22/16		3,702,109
	5,000,000	United States Treasury Bill	0.248		09/29/16		4,996,906
	5,000,000	United States Treasury Bill	0.320-0.395		10/13/16		4,994,728
	3,865,000	United States Treasury Bill	0.212-0.391		10/20/16		3,860,932
	2,840,000	United States Treasury Bill	0.316		11/10/16		2,836,709
	1,000,000	United States Treasury Bill	0.436		11/25/16		998,222
	945,000	United States Treasury Bill	0.291		12/22/16		943,671
	4,710,000	United States Treasury Note	0.625		07/15/16		4,710,573
	7,000,000	United States Treasury Note	0.625		08/15/16		7,001,247
	6,000,000	United States Treasury Note	0.500		08/31/16		6,000,417
	3,010,000	United States Treasury Note	0.875		09/15/16		3,012,207
	7,545,000	United States Treasury Note	0.500		09/30/16		7,545,768
	7,800,000	United States Treasury Note	0.375		10/31/16		7,797,954
	9,860,000	United States Treasury Note	0.625		11/15/16		9,866,906
	3,000,000	United States Treasury Note	0.500		11/30/16		3,000,173
	4,150,000	United States Treasury Note	0.875		11/30/16		4,157,051
	4,500,000	United States Treasury Note	0.625		12/15/16		4,503,412
	3,380,000	United States Treasury Note	0.500		01/31/17		3,381,015
	800,000	United States Treasury Note	0.500		02/28/17		799,854
		TOTAL TREASURY DEBT					153,745,716

249

TIAA-CREF FUNDS - Money Market Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
VARIABLE RATE SECURITIES - 15.3%
$	4,750,000	i	Federal Agricultural Mortgage Corp (FAMC)	0.426	%	11/23/16	$	4,750,000
	5,000,000	i	FAMC	0.497		01/03/17		5,000,000
	4,800,000	i	FAMC	0.572		06/07/17		4,800,000
	4,750,000	i	FAMC	0.523		09/06/17		4,750,000
	5,000,000	i	Federal Farm Credit Bank (FFCB)	0.415		08/10/16		4,999,919
	2,000,000	i	FFCB	0.480		12/30/16		1,999,296
	3,000,000	i	FFCB	0.450		01/13/17		3,000,000
	6,800,000	i	FFCB	0.432		01/24/17		6,799,818
	1,400,000	i	FFCB	0.487		02/13/17		1,399,656
	3,500,000	i	FFCB	0.469		03/02/17		3,500,006
	2,000,000	i	FFCB	0.500		03/09/17		1,999,443
	14,000,000	i	FFCB	0.437		06/15/17		13,998,708
	4,000,000	i	FFCB	0.540		06/27/17		3,996,806
	3,000,000	i	FFCB	0.426		07/17/17		2,999,788
	4,700,000	i	FFCB	0.503		08/04/17		4,695,343
	3,400,000	i	FFCB	0.519		02/02/18		3,394,034
	3,000,000	i	FFCB	0.601		02/23/18		2,999,258
	2,000,000	i	FFCB	0.483		03/22/18		1,996,532
	5,000,000	i	Federal Home Loan Bank (FHLB)	0.493		02/17/17		4,998,809
	5,000,000	i	Federal Home Loan Mortgage Corp (FHLMC)	0.443		07/21/16		4,999,972
	7,750,000	i	FHLMC	0.452		01/13/17		7,749,962
	3,000,000	i	FHLMC	0.493		04/27/17		2,999,498
	7,000,000	i	FHLMC	0.578		07/21/17		6,999,241
	4,700,000	i	FHLMC	0.517		11/13/17		4,700,000
	2,000,000	i	Federal National Mortgage Association (FNMA)	0.468		01/26/17		2,000,182
	4,044,000	i	FNMA	0.468		07/20/17		4,040,515
	5,000,000	i	FNMA	0.452		08/16/17		4,999,431
	7,000,000	i	FNMA	0.473		10/05/17		6,995,740
			TOTAL VARIABLE RATE SECURITIES					127,561,957
			TOTAL SHORT-TERM INVESTMENTS					830,821,476
			(Cost $830,821,476)
			TOTAL INVESTMENTS- 99.8%					830,821,476
			(Cost $830,821,476)
			OTHER ASSETS & LIABILITIES, NET - 0.2%					1,755,991
			NET ASSETS - 100.0%				$	832,577,467

i	Floating or variable rate security. Coupon rate reflects the rate at period end.
y	Security exempt from registration under Section 4(2) of the Securities Act of 1933. Such securities are deemed liquid and may be sold in transactions exempt from registration only to dealers in that program or other “accredited investors.” At 6/30/2016, the aggregate value of these securities was $235,783,463 or 28.3% of net assets.

250

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, Advisor, Premier, Retirement and Retail Classes of shares. Each class differs by the allocation of class-specific expenses and voting rights in matters affecting a single class. On December 4, 2015, certain Funds made an additional share class (Advisor) available for sale pursuant to an amendment to the Trust’s registration statement filed with the Commission.

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 schedule 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 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. As a result of these amendments, the Board has approved the conversion of the Money Market to a “government money market fund.” The conversion will be effective on or before October 14, 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.

251

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

Certain portfolio investments that are measured at fair value using the net asset value per share practical expedient are not categorized within the fair value hierarchy. These investments will be disclosed at their fair value to allow reconciliation back to the Statements of Assets and Liabilities. As of June 30, 2016, no investments were valued utilizing the practical expedient.

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 contracts, 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.

Credit default swap contracts: Credit default swap contracts are marked-to-market daily based upon a price utilized by a pricing service. Credit default swaps are generally categorized as Level 2 in the fair value hierarchy.

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

Transfers between levels are recognized at the end of the reporting period. For the period ended June 30, 2016, there were no material transfers between levels by the Funds.

As of June 30, 2016, 100% of the value of investments in the Bond Index Fund, High Yield Fund, Inflation-Linked 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 June 30, 2016, based on the inputs used to value them:

Fund	Level 1		Level 2		Level 3		Total
Real Estate Securities
Equity investments:
Diversified real estate activities	$	-	$	8,543,536	$	-	$	8,543,536
All other equity investments*		1,982,836,991		-		-		1,982,836,991
Short-term investments		-		38,839,437		-		38,839,437
Total	$	1,982,836,991	$	47,382,973	$	-	$	2,030,219,964
Bond
Bank loan obligations	$	-	$	47,990,170	$	-	$	47,990,170
Corporate bonds		-		1,194,734,654		-		1,194,734,654
Government bonds		-		1,327,912,477		-		1,327,912,477
Structured assets		-		706,087,501		2,001,536		708,089,037
Short-term investments		-		311,508,537		-		311,508,537
Total	$	-	$	3,588,233,339	$	2,001,536	$	3,590,234,875

252

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

Fund	Level 1			Level 2			Level 3		Total
Bond Plus
Bank loan obligations	$	-		$	157,781,533		$	-	$	157,781,533
Corporate bonds		-			1,143,749,509			-		1,143,749,509
Government bonds		-			1,129,955,623			-		1,129,955,623
Structured assets		-			513,732,816			2,640,797		516,373,613
Short-term investments		-			474,265,839			-		474,265,839
Swaps**		-			(339,120	)		-		(339,120	)
Total	$	-		$	3,419,146,200		$	2,640,797	$	3,421,786,997
Short-Term Bond
Bank loan obligations	$	-		$	58,635,288		$	-	$	58,635,288
Corporate bonds		-			616,093,565			-		616,093,565
Government bonds		-			443,078,990			-		443,078,990
Structured assets		-			458,283,430			4,511,490		462,794,920
Short-term investments		-			81,844,718			-		81,844,718
Futures contracts**		(891,030	)		-			-		(891,030	)
Total	$	(891,030	)	$	1,657,935,991		$	4,511,490	$	1,661,556,451
Social Choice Bond
Bank loan obligations	$	-		$	15,909,644		$	-	$	15,909,644
Corporate bonds		-			264,879,783			-		264,879,783
Government bonds		-			404,121,810			-		404,121,810
Structured assets		-			116,259,476			-		116,259,476
Preferred stocks		264,250			-			-		264,250
Short-term investments		-			62,584,977			-		62,584,977
Total	$	264,250		$	863,755,690		$	-	$	864,019,940

*	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 and foreign exchange markets and to fluctuations in interest and foreign exchange 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 contracts, there is minimal counterparty credit risk to the Funds since futures contracts are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded funds, guarantees the futures contracts against default.

At June 30, 2016, the Short-Term Bond Fund held the following open futures contracts:

Fund	Futures contracts	Number of contracts		Settlement value			Expiration date	Unrealized gain (loss)
Short-Term Bond	US 10 Year Note (CBT)		115	$	(15,293,203	)	September 2016	$	(376,733	)
	US 5 Year Note (CBT)		250		(30,541,016	)	September 2016		(514,297	)
Total			365	$	(45,834,219	)		$	(891,030	)

253

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

Credit default swap contracts: The Funds are subject to credit risk in the normal course of pursuing their investment objectives. Credit default swaps can be settled either directly with the counterparty (bilateral) or through a central clearinghouse (centrally cleared). A credit default swap is a contract between a buyer and a seller of protection against pre-defined credit events for the reference entity. As a seller in a credit default swap contract, the Funds are required to pay an agreed upon amount to the counterparty with the occurrence of a specified credit event, such as certain bankruptcies related to an underlying credit instrument, index, or issuer which would likely result in a loss to the Funds. The agreed upon amount approximates the notional value of the swap and is estimated to be the maximum potential future payment that the Funds could be required to make under the contract. In return, the Funds receive from the counterparty a periodic stream of payments over the term of the contract provided that no credit event has occurred. If no credit event occurs, the Funds keep the stream of payments with no payment obligations. When the Funds sell a credit default swap contract it will cover its commitment. This may be achieved by, among other methods, maintaining cash or liquid assets in a segregated account equal to the aggregate notional value of the reference entities for all outstanding credit default swap contracts sold by the Funds.

The Funds may also buy credit default swap contracts, in which case the Funds function as the counterparty referenced above. This involves the risk that the contract may expire worthless. Bilateral swaps involve counterparty risk that the seller may fail to satisfy its payment obligations to the Funds with the occurrence of a credit event. Centrally cleared swaps have minimal counterparty credit risk to the Funds as they are entered into with a central clearinghouse which guarantees the swap against default.

Bilateral credit default swaps are valued daily, and any change in the value of the swaps is reflected separately as a change in unrealized appreciation (depreciation). For centrally cleared swaps, initial margin deposits are made, and variation margin payments are made or received reflecting daily changes in the value of the swap contract. Under the terms of the credit default swap contracts, the Funds receive or make quarterly payments based on a payment rate on a fixed notional amount. These payments are recorded as a realized gain or loss. Payments received or made as a result of a credit event or termination of the contract are recognized as realized gains or losses.

The Funds (other than the Money Market Fund) invest in credit default swaps to hedge or manage the risks associated with assets held in the Funds and/or to facilitate the implementation of portfolio strategies to seek to increase the total return.

At June 30, 2016, open credit default swap contracts purchased and sold by the Funds were as follows:

PURCHASED

Fund	Reference entity	Counterparty	Maturity Date	Implied credit spread at 6/30/16 (1)		Notional amount (2)		Variation margin			Unrealized appreciation (depreciation)
Bond Plus	CDX-NA.HY-26 5 Year Index	UBS SECURITIES LLC	06/20/21		4.24%	$	45,000,000	$	(206,770	)	$	(339,120	)

(1)

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues, U.S. municipal issues or sovereign issues of an emerging country as of period end, serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

(2)

The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs is defined under the terms of that particular swap agreement.

Note 4—affiliated investments

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

Issue	Value at March 31, 2016		Purchase cost		Sales proceeds		Realized gain (loss)		Dividend income		Withholdings expense		Shares at June 30, 2016		Value at June 30, 2016
Real Estate Securities Fund
Rexford Industrial Realty, Inc	$	60,836,000	$	11,493,678	$	—	$	—	$	540,000	$	—		4,000,000	$	84,360,000

254

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

Note 5—investments

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

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

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

Mortgage dollar roll 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.

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

Unfunded loan commitment: The Funds may enter into loan commitments to fund a portion of a delayed-draw term loan facility. The Funds are obligated to fund loan commitments at the borrower’s discretion. The Funds reserve against such contingent obligation by segregating short-term securities or cash. At June 30, 2016, the Funds had no unfunded loan commitments. Unfunded loan commitments are marked-to market daily and any unrealized appreciation (depreciation) is included as an asset (liability) on the Statements of Assets and Liabilities. Interest income and the change in unrealized appreciation (depreciation) are included on the Statements of Operations.

Net unrealized appreciation (depreciation): At June 30, 2016, net unrealized appreciation (depreciation) based on the aggregate cost of portfolio investments for federal income tax purposes, consisting of gross unrealized appreciation and gross unrealized depreciation was as follows:

Fund	Book cost		Gross unrealized appreciation		Gross unrealized (depreciation)			Net unrealized appreciation (depreciation)
Real Estate Securities	$	1,493,480,558	$	565,906,121	$	(29,166,715	)	$	536,739,406
Bond		3,515,958,701		91,630,691		(17,354,517	)		74,276,174
Bond Index		6,521,631,198		274,069,567		(7,552,742	)		266,516,825
Bond Plus		3,379,538,722		77,738,551		(35,151,156	)		42,587,395
High-Yield		3,260,629,862		56,832,718		(184,162,824	)		(127,330,105	)
Inflation-Linked Bond		2,254,928,185		100,299,939		(5,037,893	)		95,262,046
Short-Term Bond		1,656,107,710		11,336,319		(4,996,549	)		6,339,771
Short-Term Bond Index		122,632,089		716,024		(9,279	)		706,745
Social Choice Bond		844,919,992		22,314,600		(3,214,652	)		19,099,948
Tax-Exempt Bond		289,017,928		14,177,665		(4,603	)		14,173,062

255

Item 2. Controls and procedures.

(a) An evaluation was performed within 90 days of the filing date of the report under the supervision of the Registrant’s management, including the principal executive officer and principal financial officer, of the effectiveness of the design and operation of the Registrant’s disclosure controls and procedures. Based on that evaluation, the Registrant’s management, including the principal executive officer and principal financial officer, concluded that the Registrant’s disclosure controls and procedures were effective for this quarterly reporting period.

(b) There were no changes in the Registrant’s internal control over financial reporting that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

3(a) Section 302 certification of the principal executive officer

3(b) Section 302 certification of the principal financial officer

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	TIAA-CREF FUNDS
Date: August 11, 2016	By:	/s/Robert G. Leary
		Robert G. Leary
		President and Principal Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

Date: August 11, 2016	By:	/s/Robert G. Leary
		Robert G. Leary
		President and Principal Executive Officer
		(principal executive officer)
Date: August 11, 2016	By:	/s/Glenn E. Brightman
		Glenn E. Brightman
		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