N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number File No. 811-09301

TIAA-CREF FUNDS

(Exact name of Registrant as specified in charter)

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

(Address of Principal Executive Offices) (Zip code)

Jeremy D. Franklin, Esq.

TIAA-CREF Funds

8500 Andrew Carnegie Blvd.

Charlotte, N.C. 28262-8500

(Name and address of agent for service)

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

Date of fiscal year end: October 31

Date of reporting period: July 31, 2017

Item 1. Schedule of Investments.

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

TIAA-CREF FUNDS
ENHANCED LARGE-CAP GROWTH INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.4%
AUTOMOBILES & COMPONENTS - 1.6%
	92,446		BorgWarner, Inc	$	4,320,926
	149,477		Delphi Automotive plc		13,515,710
	234,852		Gentex Corp		3,997,181
	70,467		Lear Corp		10,442,505
	10,958	*	Tesla, Inc		3,544,584
	28,391		Visteon Corp		3,166,732
			TOTAL AUTOMOBILES & COMPONENTS		38,987,638
BANKS - 0.6%
	130,895		East West Bancorp, Inc		7,458,397
	121,034	*	Western Alliance Bancorp		6,097,693
			TOTAL BANKS		13,556,090
CAPITAL GOODS - 10.2%
	107,179		3M Co		21,561,199
	57,443		Allison Transmission Holdings, Inc		2,171,345
	155,055		Boeing Co		37,594,635
	180,321		Caterpillar, Inc		20,547,578
	59,930		Cummins, Inc		10,062,247
	127,978		Deere & Co		16,417,018
	49,575		Donaldson Co, Inc		2,354,317
	136,474		Fortune Brands Home & Security, Inc		8,962,248
	60,930		General Dynamics Corp		11,962,387
	46,123		General Electric Co		1,181,210
	21,320		Graco, Inc		2,473,973
	149,230		Honeywell International, Inc		20,313,188
	50,916		Huntington Ingalls		10,494,297
	47,744		Illinois Tool Works, Inc		6,718,058
	3,698		Ingersoll-Rand plc		324,980
	23,765		Lincoln Electric Holdings, Inc		2,073,734
	42,272		Lockheed Martin Corp		12,348,919
	21,253		Nordson Corp		2,699,131
	63,439		Northrop Grumman Corp		16,692,704
	46,337		Raytheon Co		7,959,306
	75,547		Rockwell Automation, Inc		12,467,521
	13,466		Rockwell Collins, Inc		1,434,533
	28,502		Stanley Works		4,009,946
	64,631		Toro Co		4,594,618
	28,050	*	United Rentals, Inc		3,336,828
	59,190	*	Univar, Inc		1,837,258
	23,890		W.W. Grainger, Inc		3,983,419
			TOTAL CAPITAL GOODS		246,576,597

1

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

SHARES			COMPANY	VALUE
COMMERCIAL & PROFESSIONAL SERVICES - 0.9%
	269,754	*	Copart, Inc	$	8,494,553
	182,770		Waste Management, Inc		13,735,166
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		22,229,719
CONSUMER DURABLES & APPAREL - 1.9%
	250,873		Hanesbrands, Inc		5,750,009
	89,692		Hasbro, Inc		9,496,589
	158,381		Leggett & Platt, Inc		7,630,797
	212,512	*	Michael Kors Holdings Ltd		7,743,937
	124,960		Nike, Inc (Class B)		7,378,888
	79,241		Tupperware Corp		4,810,721
	19,828		Whirlpool Corp		3,527,005
			TOTAL CONSUMER DURABLES & APPAREL		46,337,946
CONSUMER SERVICES - 3.8%
	115,985		Darden Restaurants, Inc		9,728,822
	359,326		Extended Stay America, Inc		7,103,875
	203,810		H&R Block, Inc		6,216,205
	134,164		Las Vegas Sands Corp		8,265,844
	5,485		Marriott International, Inc (Class A)		571,482
	151,048		McDonald's Corp		23,433,587
	162,449		Starbucks Corp		8,768,997
	510,353		Wendy's		7,879,850
	99,375		Wyndham Worldwide Corp		10,371,769
	13,760	*	Yum China Holdings, Inc		492,470
	124,640		Yum! Brands, Inc		9,407,827
			TOTAL CONSUMER SERVICES		92,240,728
DIVERSIFIED FINANCIALS - 4.8%
	17,257		Ameriprise Financial, Inc		2,500,194
	157,423		Charles Schwab Corp		6,753,447
	29,395		Factset Research Systems, Inc		4,915,432
	118,580		IntercontinentalExchange Group, Inc		7,910,472
	138,203		Invesco Ltd		4,805,318
	488,000		iShares Russell 1000 Growth Index Fund		59,389,600
	92,753		Lazard Ltd (Class A)		4,332,493
	32,672		Legg Mason, Inc		1,307,207
	45,319		LPL Financial Holdings, Inc		2,073,797
	76,509		MSCI, Inc (Class A)		8,335,656
	10,733		S&P Global, Inc		1,648,481
	1,733		SEI Investments Co		97,932
	58,150		State Street Corp		5,421,324
	73,338		T Rowe Price Group, Inc		6,066,519
			TOTAL DIVERSIFIED FINANCIALS		115,557,872
ENERGY - 0.3%
	65,166		Cabot Oil & Gas Corp		1,620,678
	6,405	*	Devon Energy Corp		213,351
	75,804		Halliburton Co		3,217,122
	3,907		Oneok, Inc		221,019
	51,418		Williams Cos, Inc		1,634,064
			TOTAL ENERGY		6,906,234

2

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

SHARES			COMPANY	VALUE
FOOD & STAPLES RETAILING - 0.1%
	113,651	*	Sprouts Farmers Market, Inc	$	2,735,580
	9,424		Whole Foods Market, Inc		393,546
			TOTAL FOOD & STAPLES RETAILING		3,129,126
FOOD, BEVERAGE & TOBACCO - 4.2%
	310,448		Altria Group, Inc		20,169,806
	89,963		Campbell Soup Co		4,752,745
	418,920		Coca-Cola Co		19,203,293
	43,195		Costco Wholesale Corp		6,846,840
	117,906		General Mills, Inc		6,562,648
	97,384		Hershey Co		10,255,509
	74,308		Kellogg Co		5,052,944
	234,463		PepsiCo, Inc		27,340,730
			TOTAL FOOD, BEVERAGE & TOBACCO		100,184,515
HEALTH CARE EQUIPMENT & SERVICES - 5.5%
	118,430		AmerisourceBergen Corp		11,111,103
	130,578		Baxter International, Inc		7,897,357
	7,591		Becton Dickinson & Co		1,528,827
	15,780	*	Boston Scientific Corp		420,064
	90,542	*	Centene Corp		7,190,846
	118,145	*	Cerner Corp		7,604,994
	91,237		Cigna Corp		15,835,094
	46,201	*	HCA Holdings, Inc		3,711,788
	61,903		Humana, Inc		14,311,974
	41,822	*	Idexx Laboratories, Inc		6,961,690
	16,844		Stryker Corp		2,477,752
	236,861		UnitedHealth Group, Inc		45,432,308
	52,190	*	WellCare Health Plans, Inc		9,237,108
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		133,720,905
HOUSEHOLD & PERSONAL PRODUCTS - 0.8%
	55,352	*,e	Herbalife Ltd		3,681,462
	75,820		Kimberly-Clark Corp		9,337,991
	55,056		Nu Skin Enterprises, Inc (Class A)		3,488,348
	32,854		Spectrum Brands, Inc		3,792,666
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		20,300,467
INSURANCE - 1.5%
	65,469		Allstate Corp		5,957,679
	7,892		Aon plc		1,090,438
	47,946		Assurant, Inc		5,047,275
	154,388		Marsh & McLennan Cos, Inc		12,037,633
	19,964		RenaissanceRe Holdings Ltd		2,932,911
	180,240		XL Group Ltd		8,002,656
			TOTAL INSURANCE		35,068,592
MATERIALS - 4.3%
	108,489		Avery Dennison Corp		10,081,883
	59,465		Celanese Corp (Series A)		5,718,749

3

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

SHARES			COMPANY	VALUE
	177,999		Chemours Co	$	8,474,532
	202,326		EI du Pont de Nemours & Co		16,633,221
	506,081	*	Freeport-McMoRan Copper & Gold, Inc (Class B)		7,398,904
	259,100		Huntsman Corp		6,897,242
	39,631		International Paper Co		2,178,912
	79,290		LyondellBasell Industries AF S.C.A		7,143,236
	26,549		Monsanto Co		3,101,454
	7,137		NewMarket Corp		3,283,805
	181,145	*	Owens-Illinois, Inc		4,329,366
	93,518		Packaging Corp of America		10,238,351
	5,506		Praxair, Inc		716,661
	27,735		Sherwin-Williams Co		9,354,183
	75,849		Silgan Holdings, Inc		2,298,225
	157,990		Steel Dynamics, Inc		5,594,426
			TOTAL MATERIALS		103,443,150
MEDIA - 3.4%
	123,768	*	AMC Networks, Inc		7,914,963
	38,337		CBS Corp (Class B)		2,523,725
	5,036	*	Charter Communications, Inc		1,973,659
	717,834		Comcast Corp (Class A)		29,036,385
	2,297	*	DISH Network Corp (Class A)		147,077
	215,279	*	Live Nation, Inc		8,023,448
	95,370		Omnicom Group, Inc		7,509,434
	44,011		Twenty-First Century Fox, Inc		1,280,720
	217,049		Walt Disney Co		23,860,197
			TOTAL MEDIA		82,269,608
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 5.7%
	269,371		AbbVie, Inc		18,831,727
	17,066	*	Akorn, Inc		573,759
	26,840	*	Alexion Pharmaceuticals, Inc		3,686,205
	66,868		Amgen, Inc		11,669,135
	28,706	*	Biogen Idec, Inc		8,312,970
	4,470	*	BioMarin Pharmaceutical, Inc		392,153
	6,907	*	Bioverativ, Inc		428,027
	32,554		Bristol-Myers Squibb Co		1,852,323
	127,032	*	Celgene Corp		17,201,403
	46,099	*	Charles River Laboratories International, Inc		4,526,922
	108,674		Eli Lilly & Co		8,982,993
	243,083		Gilead Sciences, Inc		18,496,185
	12,917	*	Incyte Corp		1,721,707
	7,383	*	Ionis Pharmaceuticals, Inc		386,869
	45,802		Johnson & Johnson		6,078,841
	9,645	*	Regeneron Pharmaceuticals, Inc		4,741,675
	46,862		Thermo Fisher Scientific, Inc		8,225,687
	77,102	*	Vertex Pharmaceuticals, Inc		11,705,626
	59,099	*	Waters Corp		10,250,130
	2,769		Zoetis, Inc		173,118
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		138,237,455
REAL ESTATE - 1.5%
	54,157		American Tower Corp		7,383,224

4

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

SHARES			COMPANY	VALUE
	25,349		Crown Castle International Corp	$	2,549,602
	33,918		Digital Realty Trust, Inc		3,912,102
	4,471		Equinix, Inc		2,015,214
	16,335		Equity Lifestyle Properties, Inc		1,426,046
	142,218		Gaming and Leisure Properties, Inc		5,395,751
	159,219		Outfront Media, Inc		3,641,339
	6,878		Public Storage, Inc		1,413,910
	56,710		Simon Property Group, Inc		8,988,535
			TOTAL REAL ESTATE		36,725,723
RETAILING - 7.8%
	83,999	*	Amazon.com, Inc		82,972,532
	20,207	*	Burlington Stores, Inc		1,758,615
	29,194	*	Dollar Tree, Inc		2,104,304
	32,186		Expedia, Inc		5,036,144
	54,499		Gap, Inc		1,298,711
	235,313		Home Depot, Inc		35,202,825
	58,795	*	Liberty Interactive Corp		1,407,552
	134,901		Lowe's Companies, Inc		10,441,337
	63,919	*	NetFlix, Inc		11,611,526
	47,314	e	Nordstrom, Inc		2,298,041
	1,829	*	O'Reilly Automotive, Inc		373,665
	8,243	*	Priceline.com, Inc		16,720,925
	97,109		Ross Stores, Inc		5,372,070
	115,239		TJX Companies, Inc		8,102,454
	8,473	*	Ulta Beauty, Inc		2,128,502
	27,977		Williams-Sonoma, Inc		1,298,972
			TOTAL RETAILING		188,128,175
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.7%
	396,870		Applied Materials, Inc		17,585,310
	113,850		Broadcom Ltd		28,082,241
	114,182		Kla-Tencor Corp		10,576,679
	86,151		Lam Research Corp		13,737,638
	233,230		Maxim Integrated Products, Inc		10,597,971
	93,596	*	Micron Technology, Inc		2,631,919
	101,489		NVIDIA Corp		16,492,977
	104,386		Skyworks Solutions, Inc		10,946,960
	302,104		Texas Instruments, Inc		24,585,224
	38,449		Versum Materials, Inc		1,355,712
	16,388		Xilinx, Inc		1,036,705
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		137,629,336
SOFTWARE & SERVICES - 23.0%
	156,570		Accenture plc		20,169,347
	282,831		Activision Blizzard, Inc		17,473,299
	57,112	*	Adobe Systems, Inc		8,366,337
	14,221		Alliance Data Systems Corp		3,433,376
	59,363	*	Alphabet, Inc (Class A)		56,127,717
	60,290	*	Alphabet, Inc (Class C)		56,099,845
	70,303		Automatic Data Processing, Inc		8,359,730
	178,769		Booz Allen Hamilton Holding Co		6,131,777
	44,675	*	Citrix Systems, Inc		3,528,431

5

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

SHARES			COMPANY	VALUE
	9,621		Cognizant Technology Solutions Corp (Class A)	$	666,928
	36,273		DST Systems, Inc		1,991,388
	163,132		DXC Technology Co		12,786,286
	131,361	*	Electronic Arts, Inc		15,335,083
	43,518	*	Euronet Worldwide, Inc		4,204,274
	454,360	*	Facebook, Inc		76,900,430
	137,169	*	First Data Corp		2,559,573
	26,416	*	Fiserv, Inc		3,394,456
	148,905	*	GoDaddy, Inc		6,399,937
	144,754		International Business Machines Corp		20,941,561
	106,432		Intuit, Inc		14,603,535
	220,821		MasterCard, Inc (Class A)		28,220,924
	1,624,195		Microsoft Corp		118,078,977
	89,392	*	PayPal Holdings, Inc		5,233,902
	116,483	*	Red Hat, Inc		11,516,674
	83,236		Sabre Corp		1,842,013
	109,394	*	salesforce.com, Inc		9,932,975
	14,007	*	ServiceNow, Inc		1,547,073
	2,122		Total System Services, Inc		134,662
	294,723		Visa, Inc (Class A)		29,342,622
	379,048		Western Union Co		7,486,198
	5,805	*	Workday, Inc		592,748
			TOTAL SOFTWARE & SERVICES		553,402,078
TECHNOLOGY HARDWARE & EQUIPMENT - 9.0%
	33,124		Amphenol Corp (Class A)		2,537,961
	1,105,225		Apple, Inc		164,380,114
	130,510		CDW Corp		8,278,249
	255,295		Corning, Inc		7,439,296
	75,630	*	F5 Networks, Inc		9,132,323
	71,214		Harris Corp		8,151,867
	87,786		Motorola, Inc		7,960,435
	52,740	*	NCR Corp		1,996,209
	76,767		NetApp, Inc		3,333,223
	21,461		Western Digital Corp		1,826,760
	21,393	*	Zebra Technologies Corp (Class A)		2,176,096
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		217,212,533
TELECOMMUNICATION SERVICES - 0.8%
	99,490	*	T-Mobile US, Inc		6,134,554
	252,708		Verizon Communications, Inc		12,231,067
			TOTAL TELECOMMUNICATION SERVICES		18,365,621
TRANSPORTATION - 2.0%
	4,855		Alaska Air Group, Inc		413,792
	133,870		American Airlines Group, Inc		6,752,403
	28,456		Copa Holdings S.A. (Class A)		3,570,090
	43,024		CSX Corp		2,122,804
	15,026		FedEx Corp		3,125,859
	202,013		Southwest Airlines Co		11,213,741
	128,760		Union Pacific Corp		13,257,129
	72,476		United Parcel Service, Inc (Class B)		7,993,378
			TOTAL TRANSPORTATION		48,449,196
			TOTAL COMMON STOCKS		2,398,659,304
			(Cost $1,776,645,849)

6

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

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 1.0%
GOVERNMENT AGENCY DEBT - 0.7%
$	17,250,000	Federal Home Loan Bank (FHLB)	0.800	%	08/01/17	$	17,250,000
		TOTAL GOVERNMENT AGENCY DEBT					17,250,000

SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3%
	6,102,222	c	State Street Navigator Securities Lending Government Money Market Portfolio		6,102,222
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		6,102,222
			TOTAL SHORT-TERM INVESTMENTS		23,352,222
			(Cost $23,352,222)
			TOTAL INVESTMENTS - 100.4%		2,422,011,526
			(Cost $1,799,998,071)
			OTHER ASSETS & LIABILITIES, NET - (0.4)%		(10,409,878	)
			NET ASSETS - 100.0%	$	2,411,601,648

*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $5,919,634.

7

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

TIAA-CREF FUNDS

ENHANCED LARGE-CAP VALUE INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES		COMPANY	VALUE
COMMON STOCKS - 99.4%
AUTOMOBILES & COMPONENTS - 1.9%
	234,953	BorgWarner, Inc	$	10,981,703
	393,550	Ford Motor Co		4,415,631
	324,778	General Motors Co		11,685,512
	292,076	Goodyear Tire & Rubber Co		9,203,315
	61,347	Lear Corp		9,091,012
		TOTAL AUTOMOBILES & COMPONENTS		45,377,173
BANKS - 11.3%
	2,278,771	Bank of America Corp		54,963,956
	661,551	Citigroup, Inc		45,283,166
	322,929	Citizens Financial Group, Inc		11,328,349
	131,164	East West Bancorp, Inc		7,473,725
	756,351	JPMorgan Chase & Co		69,433,022
	112,358	PacWest Bancorp		5,395,431
	110,382	PNC Financial Services Group, Inc		14,217,202
	77,232	Popular, Inc		3,254,556
	238,715	SunTrust Banks, Inc		13,675,982
	39,775	TFS Financial Corp		635,605
	153,260	US Bancorp		8,089,063
	797,298	Wells Fargo & Co		43,006,254
		TOTAL BANKS		276,756,311
CAPITAL GOODS - 7.5%
	33,851	Crane Co		2,555,751
	70,575	Cummins, Inc		11,849,543
	191,469	Eaton Corp		14,982,449
	40,040	Emerson Electric Co		2,386,784
	83,991	Fortune Brands Home & Security, Inc		5,515,689
	6,564	General Dynamics Corp		1,288,710
	1,108,182	General Electric Co		28,380,541
	76,488	Honeywell International, Inc		10,411,547
	33,935	Huntington Ingalls		6,994,343
	91,052	Ingersoll-Rand plc		8,001,650
	11,998	Lockheed Martin Corp		3,504,976
	177,063	Masco Corp		6,751,412
	131,700	Oshkosh Truck Corp		9,068,862
	143,418	Owens Corning, Inc		9,616,177
	3,488	PACCAR, Inc		238,754
	35,559	Raytheon Co		6,107,969
	24,755	Regal-Beloit Corp		2,063,329
	9,715	Roper Industries, Inc		2,258,349
	48,392	Snap-On, Inc		7,462,046
	163,523	Spirit Aerosystems Holdings, Inc (Class A)		9,881,695
	40,773	Stanley Works		5,736,353

8

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

SHARES			COMPANY	VALUE
	242,738		Terex Corp	$	9,556,595
	144,967		United Technologies Corp		17,188,737
			TOTAL CAPITAL GOODS		181,802,261
COMMERCIAL & PROFESSIONAL SERVICES - 0.8%
	68,960		Manpower, Inc		7,389,064
	75,855		Republic Services, Inc		4,871,408
	96,989		Waste Management, Inc		7,288,723
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		19,549,195
CONSUMER DURABLES & APPAREL - 0.1%
	23,466		Hasbro, Inc		2,484,580
	1,198		Lennar Corp (Class A)		62,823
			TOTAL CONSUMER DURABLES & APPAREL		2,547,403
CONSUMER SERVICES - 1.8%
	201,884		Carnival Corp		13,481,813
	428,350		Extended Stay America, Inc		8,468,480
	301,985		H&R Block, Inc		9,210,542
	105,579		Royal Caribbean Cruises Ltd		11,937,818
			TOTAL CONSUMER SERVICES		43,098,653
DIVERSIFIED FINANCIALS - 7.6%
	35,311		Affiliated Managers Group, Inc		6,561,843
	32,178		AGNC Investment Corp		681,530
	153,378		Ally Financial, Inc		3,472,478
	130,561		American Express Co		11,127,714
	44,130		Ameriprise Financial, Inc		6,393,554
	164,835		Annaly Capital Management, Inc		1,982,965
	87,881		Bank of New York Mellon Corp		4,660,329
	11,479		BlackRock, Inc		4,896,138
	162,039		Capital One Financial Corp		13,964,521
	1,780		CME Group, Inc		218,264
	173,124		Discover Financial Services		10,550,177
	17,114	*	E*TRADE Financial Corp		701,674
	4,452		Franklin Resources, Inc		199,361
	47,398		Goldman Sachs Group, Inc		10,680,191
	28,092		Invesco Ltd		976,759
	751,000		iShares Russell 1000 Value Index Fund		88,017,200
	120,662		Lazard Ltd (Class A)		5,636,122
	197,281		Morgan Stanley		9,252,479
	9,392		New Residential Investment Corp		159,664
	12,122		Northern Trust Corp		1,060,796
	14,127		Starwood Property Trust, Inc		311,359
	38,809		State Street Corp		3,618,163
	20,696		Synchrony Financial		627,503
			TOTAL DIVERSIFIED FINANCIALS		185,750,784
ENERGY - 9.6%
	108,819		Anadarko Petroleum Corp		4,969,764
	46,208	*	Andeavor		4,599,082
	22,668	*	Antero Resources Corp		467,414

9

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

SHARES			COMPANY	VALUE
	80,622		Apache Corp	$	3,989,177
	82,530		Baker Hughes a GE Co		3,044,532
	93,893		Cabot Oil & Gas Corp		2,335,119
	367,286		Chevron Corp		40,103,958
	1,237		Cimarex Energy Co		122,500
	32,944	*	Concho Resources, Inc		4,291,285
	240,551		ConocoPhillips		10,913,799
	29,883	*	Devon Energy Corp		995,403
	14,700	*	Diamondback Energy, Inc		1,409,436
	28,955	*	Energen Corp		1,542,722
	101,479		EOG Resources, Inc		9,654,712
	33,528		EQT Corp		2,135,734
	823,852		Exxon Mobil Corp		65,941,114
	7,970		Halliburton Co		338,247
	15,438	e	Helmerich & Payne, Inc		781,472
	54,916		Hess Corp		2,445,959
	373,640		Kinder Morgan, Inc		7,633,465
	138,062		Marathon Petroleum Corp		7,730,091
	12,962		National Oilwell Varco, Inc		423,987
	93,431		Noble Energy, Inc		2,701,090
	148,338		Occidental Petroleum Corp		9,186,572
	40,253		Oceaneering International, Inc		1,032,489
	15,264	*	Parsley Energy, Inc		446,930
	84,675		Phillips 66		7,091,531
	32,818		Pioneer Natural Resources Co		5,352,616
	270,130		Schlumberger Ltd		18,530,918
	296,663	*	Southwestern Energy Co		1,690,979
	109,820		Valero Energy Corp		7,574,285
	154,860		Williams Cos, Inc		4,921,451
	13,172		World Fuel Services Corp		425,983
			TOTAL ENERGY		234,823,816
FOOD & STAPLES RETAILING - 2.8%
	301,554		CVS Health Corp		24,103,211
	173,753		Walgreens Boots Alliance, Inc		14,016,655
	389,960		Wal-Mart Stores, Inc		31,192,900
			TOTAL FOOD & STAPLES RETAILING		69,312,766
FOOD, BEVERAGE & TOBACCO - 2.5%
	11,186		Coca-Cola Co		512,766
	436		Ingredion, Inc		53,768
	26,307		Kraft Heinz Co		2,300,810
	105,642		Mondelez International, Inc		4,650,361
	53,189		PepsiCo, Inc		6,202,369
	241,363		Philip Morris International, Inc		28,169,476
	50,390		Pilgrim’s Pride Corp		1,223,973
	123,706		Pinnacle Foods, Inc		7,345,662
	185,526		Tyson Foods, Inc (Class A)		11,754,928
			TOTAL FOOD, BEVERAGE & TOBACCO		62,214,113
HEALTH CARE EQUIPMENT & SERVICES - 5.9%
	163,067		Abbott Laboratories		8,019,635
	16,051		Aetna Inc		2,476,830

10

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

SHARES			COMPANY	VALUE
	83,047		Anthem, Inc	$	15,464,182
	131,876	*	Centene Corp		10,473,592
	41,663		Cigna Corp		7,231,030
	2,090		Cooper Cos, Inc		509,688
	24,826		Danaher Corp		2,023,071
	154,216	*	DaVita, Inc		9,990,113
	204,082	*	Express Scripts Holding Co		12,783,697
	149,732	*	HCA Holdings, Inc		12,029,469
	67,796	*	Hologic, Inc		2,997,261
	36,294		Humana, Inc		8,391,173
	87,006		McKesson Corp		14,083,661
	155,956		Medtronic plc		13,095,625
	97,647	*	Premier, Inc		3,407,880
	45,159		Quest Diagnostics, Inc		4,891,171
	87,539		Universal Health Services, Inc (Class B)		9,701,948
	34,963	*	WellCare Health Plans, Inc		6,188,101
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		143,758,127
HOUSEHOLD & PERSONAL PRODUCTS - 1.7%
	35,085		Colgate-Palmolive Co		2,533,137
	25,351		Kimberly-Clark Corp		3,122,229
	382,080		Procter & Gamble Co		34,700,506
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		40,355,872
INSURANCE - 8.9%
	101,030		Aflac, Inc		8,057,142
	118,933		Allstate Corp		10,822,903
	73,305		American Financial Group, Inc		7,433,127
	189,354		American International Group, Inc		12,393,219
	19,333	*	Arch Capital Group Ltd		1,880,328
	10,121		Assurant, Inc		1,065,438
	216,590		Assured Guaranty Ltd		9,748,716
	170,364	*	Athene Holding Ltd		8,608,493
	326,485	*	Berkshire Hathaway, Inc (Class B)		57,125,081
	90,328		Chubb Ltd		13,229,439
	15,981		CNA Financial Corp		830,213
	39,540		Everest Re Group Ltd		10,374,901
	121,315		First American Financial Corp		5,872,859
	162,049		Lincoln National Corp		11,839,300
	10,675		Loews Corp		519,659
	329,081		Metlife, Inc		18,099,455
	195,199		Old Republic International Corp		3,829,804
	175,846		Principal Financial Group		11,737,720
	139,636		Prudential Financial, Inc		15,810,984
	69,885		Travelers Cos, Inc		8,951,570
			TOTAL INSURANCE		218,230,351
MATERIALS - 4.1%
	55,448		Air Products & Chemicals, Inc		7,881,933
	92,755		Avery Dennison Corp		8,619,722
	75,055		Celanese Corp (Series A)		7,218,039
	201,740		Dow Chemical Co		12,959,777
	51,944		Eastman Chemical Co		4,319,663

11

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

SHARES			COMPANY	VALUE
	535,784		Graphic Packaging Holding Co	$	7,066,991
	347,628		Huntsman Corp		9,253,858
	114,047		International Paper Co		6,270,304
	136,907		LyondellBasell Industries AF S.C.A		12,333,952
	6,047		NewMarket Corp		2,782,285
	114,860	*	Owens-Illinois, Inc		2,745,154
	1,846		Praxair, Inc		240,275
	284,516		Steel Dynamics, Inc		10,074,712
	153,918		WestRock Co		8,837,972
			TOTAL MATERIALS		100,604,637
	MEDIA - 2.3%
	100,658		Cinemark Holdings, Inc		3,915,596
	268,456		Comcast Corp (Class A)		10,859,045
	88,688	*	Discovery Communications, Inc (Class A)		2,181,725
	30,951		John Wiley & Sons, Inc (Class A)		1,710,043
	55,344	*	Liberty SiriusXM Group (Class A)		2,553,019
	73,034	*	Liberty SiriusXM Group (Class C)		3,359,564
	39,090		News Corp (Class B)		574,623
	356,153		Regal Entertainment Group (Class A)		6,774,030
	69,582		Time Warner, Inc		7,126,588
	117,868		Twenty-First Century Fox, Inc		3,429,959
	43,024		Twenty-First Century Fox, Inc (Class B)		1,234,358
	9,189		Viacom, Inc (Class B)		320,880
	115,817		Walt Disney Co		12,731,763
			TOTAL MEDIA		56,771,193
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 6.7%
	31,403		Allergan plc		7,923,919
	119,956		Amgen, Inc		20,933,522
	17,572		Bristol-Myers Squibb Co		999,847
	133,539		Gilead Sciences, Inc		10,160,982
	458,878		Johnson & Johnson		60,902,288
	502,736		Merck & Co, Inc		32,114,776
	908,908		Pfizer, Inc		30,139,389
	6,508		Thermo Fisher Scientific, Inc		1,142,349
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		164,317,072
REAL ESTATE - 3.8%
	17,455		Alexandria Real Estate Equities, Inc		2,116,419
	25,928		American Campus Communities, Inc		1,242,988
	52,852		American Homes 4 Rent		1,216,125
	30,254		Apartment Investment & Management Co (Class A)		1,378,070
	26,714		AvalonBay Communities, Inc		5,138,438
	25,398		Boston Properties, Inc		3,070,872
	144,240		Brandywine Realty Trust		2,424,674
	283,746		Brixmor Property Group, Inc		5,558,584
	16,707		Camden Property Trust		1,498,618
	57,100		Corporate Office Properties Trust		1,900,859
	65,991		CubeSmart		1,627,338
	25,178		CyrusOne, Inc		1,503,378
	42,603		DCT Industrial Trust, Inc		2,400,253
	9,259		Digital Realty Trust, Inc		1,067,933

12

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

SHARES			COMPANY	VALUE
	109,007		Douglas Emmett, Inc	$	4,170,608
	24,668		Empire State Realty Trust, Inc		515,315
	23,342	*	Equity Commonwealth		737,140
	69,169		Equity Residential		4,707,642
	12,675		Essex Property Trust, Inc		3,317,048
	3,587		Extra Space Storage, Inc		285,167
	131,895		Gaming and Leisure Properties, Inc		5,004,096
	354,889		Host Marriott Corp		6,622,229
	65,529		Hudson Pacific Properties		2,144,109
	26,492		Invitation Homes, Inc		564,809
	567	*	JBG SMITH Properties		20,117
	18,698		Kilroy Realty Corp		1,297,828
	19,870		Lamar Advertising Co		1,402,226
	21,971		Mid-America Apartment Communities, Inc		2,274,658
	73,221		Piedmont Office Realty Trust, Inc		1,538,373
	125,614		Prologis, Inc		7,638,587
	157,087		Retail Properties of America, Inc		2,078,261
	39,518		Simon Property Group, Inc		6,263,603
	19,231		SL Green Realty Corp		1,985,985
	13,892		Sun Communities, Inc		1,236,527
	173,575		Tanger Factory Outlet Centers, Inc		4,587,587
	56,462		UDR, Inc		2,207,100
	1,134		Vornado Realty Trust		89,983
	1,176		Welltower, Inc		86,307
			TOTAL REAL ESTATE		92,919,854
RETAILING - 1.6%
	72,220		Best Buy Co, Inc		4,213,315
	48,643	*	Burlington Stores, Inc		4,233,400
	89,550		Dollar General Corp		6,730,578
	3,519		Foot Locker, Inc		166,062
	75,134		GameStop Corp (Class A)		1,629,656
	96,338		Gap, Inc		2,295,734
	5,299		Kohl’s Corp		219,114
	19,886		L Brands, Inc		922,512
	47,122	*	Liberty Interactive Corp		1,128,101
	258,519		Staples, Inc		2,623,968
	186,538		Target Corp		10,571,108
	99,561		Williams-Sonoma, Inc		4,622,617
			TOTAL RETAILING		39,356,165
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.3%
	866,591		Intel Corp		30,737,982
	539,727	*	ON Semiconductor Corp		8,068,919
	145,026		Qualcomm, Inc		7,713,933
	251,602		Teradyne, Inc		8,702,913
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		55,223,747
SOFTWARE & SERVICES - 2.6%
	59,296		Amdocs Ltd		3,982,912
	427,662	*	eBay, Inc		15,280,363
	83,260	*	First American Corp		3,792,493
	26,205		International Business Machines Corp		3,791,078

13

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

SHARES			COMPANY	VALUE
	74,654		LogMeIn, Inc	$	8,693,458
	425,357		Oracle Corp		21,238,075
	327,846		Sabre Corp		7,255,232
			TOTAL SOFTWARE & SERVICES		64,033,611
TECHNOLOGY HARDWARE & EQUIPMENT - 4.8%
	170,550	*	ARRIS International plc		4,768,578
	1,090,615		Cisco Systems, Inc		34,299,842
	437,712		Corning, Inc		12,754,928
	781,697		HP, Inc		14,930,413
	316,302		Jabil Circuit, Inc		9,647,211
	353,025		Juniper Networks, Inc		9,867,049
	99,334		Motorola, Inc		9,007,607
	218,586		NetApp, Inc		9,491,004
	139,997		Western Digital Corp		11,916,544
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		116,683,176
TELECOMMUNICATION SERVICES - 2.0%
	986,679		AT&T, Inc		38,480,481
	221,104		Verizon Communications, Inc		10,701,434
			TOTAL TELECOMMUNICATION SERVICES		49,181,915
TRANSPORTATION - 1.8%
	64,325		Alaska Air Group, Inc		5,482,420
	21,115		American Airlines Group, Inc		1,065,040
	15,661		Copa Holdings S.A. (Class A)		1,964,829
	235,166		Delta Air Lines, Inc		11,607,794
	304,147	*	JetBlue Airways Corp		6,669,944
	21,925		Norfolk Southern Corp		2,468,316
	89,085		Union Pacific Corp		9,172,192
	69,483	*	United Continental Holdings, Inc		4,702,609
			TOTAL TRANSPORTATION		43,133,144
UTILITIES - 5.0%
	686,443		AES Corp		7,674,433
	123,472		American Electric Power Co, Inc		8,709,715
	43,841		Atmos Energy Corp		3,803,645
	296,758		Centerpoint Energy, Inc		8,365,608
	54,221		CMS Energy Corp		2,507,179
	121,944		Dominion Resources, Inc		9,411,638
	34,722		DTE Energy Co		3,717,337
	136,108		Duke Energy Corp		11,585,513
	86,308		Edison International		6,790,713
	34,839		Entergy Corp		2,672,848
	93,654		Eversource Energy		5,693,227
	123,567		Exelon Corp		4,737,559
	153,720		FirstEnergy Corp		4,905,205
	105,070		NextEra Energy, Inc		15,349,676
	99,310		PG&E Corp		6,722,294
	184,229		PPL Corp		7,061,498
	25,512		SCANA Corp		1,642,207
	37,386		Southern Co		1,791,911
	73,625		UGI Corp		3,715,854

14

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

SHARES			COMPANY					VALUE
	98,592		Xcel Energy, Inc					$	4,664,388
			TOTAL UTILITIES						121,522,448
			TOTAL COMMON STOCKS						2,427,323,787
			(Cost $2,055,715,198)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.7%
GOVERNMENT AGENCY DEBT - 0.7%
$	15,800,000		Federal Home Loan Bank (FHLB)		0.800	%	08/01/17		15,800,000
			TOTAL GOVERNMENT AGENCY DEBT						15,800,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.0%
	812,291	c	State Street Navigator Securities Lending Government Money Market Portfolio						812,291
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						812,291
			TOTAL SHORT-TERM INVESTMENTS						16,612,291
			(Cost $16,612,291)
			TOTAL INVESTMENTS - 100.1%						2,443,936,078
			(Cost $2,072,327,489)
			OTHER ASSETS & LIABILITIES, NET - (0.1)%						(3,423,583	)
			NET ASSETS - 100.0%					$	2,440,512,495

*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $773,625.

15

TIAA-CREF FUNDS - Growth & Income Fund

TIAA-CREF FUNDS

GROWTH & INCOME FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

	SHARES		COMPANY	VALUE
COMMON STOCKS - 99.8%
AUTOMOBILES & COMPONENTS - 0.4%
	244,051		Delphi Automotive plc	$	22,067,091
			TOTAL AUTOMOBILES & COMPONENTS		22,067,091
BANKS - 8.5%
	3,271,382		Banca Intesa S.p.A.		11,261,496
	4,611,712		Bank of America Corp		111,234,494
	1,037,103		Citigroup, Inc		70,989,700
	1,054,457		Citizens Financial Group, Inc		36,990,351
	312,218		Comerica, Inc		22,576,484
	97,398		First Republic Bank		9,771,941
	1,573,668		Huntington Bancshares, Inc		20,851,101
	2,206,379		ING Groep NV		41,223,622
	1,457,498		JPMorgan Chase & Co		133,798,316
	1,004,595		Wells Fargo & Co		54,187,854
	801,524		Zions Bancorporation		36,325,068
			TOTAL BANKS		549,210,427
CAPITAL GOODS - 8.8%
	309,096		AGCO Corp		22,298,186
	53,495		Boeing Co		12,970,398
	377,604	*,n	Caesarstone Sdot-Yam Ltd		13,253,901
	395,191		Caterpillar, Inc		45,032,014
	1,429,356		CNH Industrial NV (NYSE)		16,466,181
	211,878	n	Emerson Electric Co		12,630,048
	182,328		Equifax, Inc		26,517,784
	259,772		Fortive Corp		16,817,639
	617,100	*	Gardner Denver Holdings, Inc		14,168,616
	147,949	n	General Dynamics Corp		29,046,827
	1,728,998	n	General Electric Co		44,279,639
	554,314	n	Honeywell International, Inc		75,453,222
	631,856		Kennametal, Inc		23,315,486
	137,816	n	Northrop Grumman Corp		36,263,524
	390,432		PACCAR, Inc		26,725,070
	275,479		Parker-Hannifin Corp		45,724,004
	303,199		Raytheon Co		52,080,492
	157,542		Rockwell Automation, Inc		25,999,156
	180,424	*,n	WABCO Holdings, Inc		24,820,930
			TOTAL CAPITAL GOODS		563,863,117
COMMERCIAL & PROFESSIONAL SERVICES - 0.6%
	541,035	n	Waste Management, Inc		40,658,780
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		40,658,780

16

TIAA-CREF FUNDS - Growth & Income Fund

	SHARES		COMPANY	VALUE
CONSUMER DURABLES & APPAREL - 3.3%
	504,413	n	Coach, Inc	$	23,778,029
	561,408		DR Horton, Inc		20,036,652
	234,062	n	Hasbro, Inc		24,782,485
	134,281	*,n	Mohawk Industries, Inc		33,434,626
	720,517		Newell Rubbermaid, Inc		37,985,656
	252,360	n	PVH Corp		30,104,024
	466,792		Sony Corp		19,177,829
	687,011	*,g	Spin Master Corp		21,060,806
			TOTAL CONSUMER DURABLES & APPAREL		210,360,107
CONSUMER SERVICES - 1.2%
	348,826		Carnival Corp		23,294,600
	293,117	n	Hilton Worldwide Holdings, Inc		18,328,606
	291,612	n	MGM Resorts International		9,602,783
	201,391	n	Wynn Resorts Ltd		26,047,912
			TOTAL CONSUMER SERVICES		77,273,901
DIVERSIFIED FINANCIALS - 2.4%
	521,399		American Express Co		44,438,837
	686,080		Blackstone Group LP		22,949,376
	270,205	n	CME Group, Inc		33,132,537
	1,194,846		Morgan Stanley		56,038,277
			TOTAL DIVERSIFIED FINANCIALS		156,559,027
ENERGY - 5.9%
	500,694		Chevron Corp		54,670,778
	356,175	*	Concho Resources, Inc		46,395,355
	1,103,628	*	Continental Resources, Inc		36,894,284
	295,825		Delek US Holdings, Inc		7,723,991
	261,375	*	Diamondback Energy, Inc		25,060,635
	665,350		EOG Resources, Inc		63,301,399
	517,075		Exxon Mobil Corp		41,386,683
	788,885	*	Parsley Energy, Inc		23,098,553
	137,770	n	Pioneer Natural Resources Co		22,470,287
	596,292	*	RSP Permian, Inc		20,488,593
	551,240		Williams Cos, Inc		17,518,407
	2,132,554	*	WPX Energy, Inc		22,988,932
			TOTAL ENERGY		381,997,897
FOOD & STAPLES RETAILING - 0.4%
	318,580		Wal-Mart Stores, Inc		25,483,214
			TOTAL FOOD & STAPLES RETAILING		25,483,214
FOOD, BEVERAGE & TOBACCO - 6.3%
	775,268		Coca-Cola European Partners plc (Class A)		33,514,836
	754,417	n	ConAgra Foods, Inc		25,831,238
	112,506		Constellation Brands, Inc (Class A)		21,753,035
	253,100	n	Costco Wholesale Corp		40,118,881
	225,154		Fresh Del Monte Produce, Inc		11,588,676
	166,966		Hershey Co		17,583,190
	419,258		Kraft Heinz Co		36,668,305

17

TIAA-CREF FUNDS - Growth & Income Fund

	SHARES		COMPANY	VALUE
	757,521		Mondelez International, Inc	$	33,346,074
	852,213	*,n	Monster Beverage Corp		44,954,236
	446,431		PepsiCo, Inc		52,058,319
	599,960		Philip Morris International, Inc		70,021,331
	346,008	n	Pinnacle Foods, Inc		20,545,955
			TOTAL FOOD, BEVERAGE & TOBACCO		407,984,076
HEALTH CARE EQUIPMENT & SERVICES - 6.2%
	198,379		Anthem, Inc		36,940,153
	627,510		Baxter International, Inc		37,951,805
	1,878,499	*	Boston Scientific Corp		50,005,643
	284,001		Cigna Corp		49,291,214
	296,321	*,n	Edwards Lifesciences Corp		34,130,253
	155,663		Humana, Inc		35,989,285
	148,668	*,n	Idexx Laboratories, Inc		24,747,275
	26,618	*	Intuitive Surgical, Inc		24,974,605
	251,449	*,n	NuVasive, Inc		16,542,830
	220,200		STERIS plc		18,023,370
	92,627		Stryker Corp		13,625,432
	270,593	n	Universal Health Services, Inc (Class B)		29,989,822
	144,733	*,n	WellCare Health Plans, Inc		25,616,294
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		397,827,981
HOUSEHOLD & PERSONAL PRODUCTS - 2.0%
	251,184	*	Central Garden & Pet Co		8,037,888
	573,146		Colgate-Palmolive Co		41,381,141
	109,495		L'Oreal S.A.		22,685,199
	633,111		Procter & Gamble Co		57,499,141
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		129,603,369
INSURANCE - 2.5%
	643,536		American International Group, Inc		42,119,431
	451,366		Chubb Ltd		66,107,065
	718,166		Lincoln National Corp		52,469,208
			TOTAL INSURANCE		160,695,704
MATERIALS - 3.2%
	95,638		Chemours Co		4,553,325
	1,037,087		Dow Chemical Co		66,622,469
	437,347	n	FMC Corp		33,404,564
	659,129	n	International Paper Co		36,238,913
	237,651	n	Praxair, Inc		30,932,654
	51,557	n	Sherwin-Williams Co		17,388,629
	283,867		WR Grace & Co		19,575,468
			TOTAL MATERIALS		208,716,022
MEDIA - 3.1%
	360,033		CBS Corp (Class B)		23,700,973
	2,148,882		Comcast Corp (Class A)		86,922,277
	190,073	*,n	DISH Network Corp (Class A)		12,170,374
	851,922	n	Viacom, Inc (Class B)		29,749,116
	447,687		Walt Disney Co		49,214,232
			TOTAL MEDIA		201,756,972

18

TIAA-CREF FUNDS - Growth & Income Fund

	SHARES		COMPANY	VALUE
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.3%
	392,311	n	AbbVie, Inc	$	27,426,462
	171,767		Allergan plc		43,341,967
	638,520		AstraZeneca plc (ADR)		19,270,533
	209,032		Bayer AG.		26,476,239
	228,530	*,n	BioMarin Pharmaceutical, Inc		20,048,937
	134,504	*	Bluebird Bio, Inc		12,677,002
	424,064		Bristol-Myers Squibb Co		24,129,242
	368,282	*,n	Celgene Corp		49,869,066
	230,343	*,n	Clovis Oncology, Inc		19,535,390
	291,748		Eli Lilly & Co		24,115,890
	134,928	*,n	Incyte Corp		17,984,553
	297,495		Ipsen		38,077,774
	146,802	*	Jazz Pharmaceuticals plc		22,550,255
	53,710		Lonza Group AG.		12,765,502
	1,120,317		Merck & Co, Inc		71,565,850
	421,212		Novo Nordisk AS		17,913,900
	1,044,621		Pfizer, Inc		34,639,632
	48,708	*,n	Regeneron Pharmaceuticals, Inc		23,945,827
	244,326	*	Seattle Genetics, Inc		12,338,463
	118,798	*,n	TESARO, Inc		15,165,753
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		533,838,237
REAL ESTATE - 0.4%
	93,485	*,n	SBA Communications Corp		12,858,862
	280,697		Weyerhaeuser Co		9,268,615
			TOTAL REAL ESTATE		22,127,477
RETAILING - 5.6%
	138,219	*	Amazon.com, Inc		136,529,964
	639,703	n	Home Depot, Inc		95,699,568
	432,053		Industria De Diseno Textil S.A.		17,150,079
	209,843	*,n	NetFlix, Inc		38,120,080
	21,094	*	Priceline.com, Inc		42,789,179
	113,753	*,n	Ulta Beauty, Inc		28,575,891
			TOTAL RETAILING		358,864,761
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.9%
	979,505		Applied Materials, Inc		43,401,867
	222,625		Broadcom Ltd		54,912,683
	884,294		Intel Corp		31,365,908
	368,034		Microchip Technology, Inc		29,457,441
	343,531	*	Microsemi Corp		17,891,095
	133,176		Monolithic Power Systems, Inc		13,626,568
	325,895		NVIDIA Corp		52,961,196
	154,464		Xilinx, Inc		9,771,393
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		253,388,151
SOFTWARE & SERVICES - 15.7%
	168,418	*	Adobe Systems, Inc		24,671,553

19

TIAA-CREF FUNDS - Growth & Income Fund

	SHARES		COMPANY	VALUE
	179,225	*	Alphabet, Inc (Class C)	$	166,768,863
	104,194		Dassault Systemes S.A.		10,221,186
	267,425	n	DXC Technology Co		20,960,772
	160,185	*,n	Electronic Arts, Inc		18,699,997
	758,715	*	Facebook, Inc		128,412,514
	279,427	*	IAC/InterActiveCorp		29,236,447
	479,567		MasterCard, Inc (Class A)		61,288,663
	2,422,040		Microsoft Corp		176,082,308
	81,395	*,n	MicroStrategy, Inc (Class A)		10,948,441
	463,765	*	Nutanix, Inc		9,852,687
	1,468,438		Oracle Corp		73,319,109
	608,371	*	PayPal Holdings, Inc		35,620,122
	194,689	*,n	Proofpoint, Inc		16,595,290
	580,279	*	salesforce.com, Inc		52,689,333
	146,256	*	ServiceNow, Inc		16,153,975
	1,021,520	n	Symantec Corp		31,656,905
	395,013	*,n	Take-Two Interactive Software, Inc		31,395,633
	847,899		Tencent Holdings Ltd		33,843,009
	417,519	*	Twitter, Inc		6,717,881
	289,690	*	Ubisoft Entertainment		18,330,280
	288,040	*,e	VMware, Inc (Class A)		26,704,188
	358,852	*	Yelp, Inc		11,673,456
			TOTAL SOFTWARE & SERVICES		1,011,842,612
TECHNOLOGY HARDWARE & EQUIPMENT - 6.2%
	1,551,537	n	Apple, Inc		230,760,098
	711,249	*	Ciena Corp		18,314,662
	1,473,580		Cisco Systems, Inc		46,344,091
	128,480		Cognex Corp		12,213,309
	963,290	*	Flextronics International Ltd		15,403,007
	234,415	*,n	Itron, Inc		17,112,295
	185,154		National Instruments Corp		7,617,236
	892,025	*,n	Pure Storage, Inc		10,766,742
	156,982	n	Universal Display Corp		18,932,029
	1,706,322	*	Viavi Solutions, Inc		18,718,352
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		396,181,821
TELECOMMUNICATION SERVICES - 1.8%
	2,178,770		AT&T, Inc		84,972,030
	461,763	*	T-Mobile US, Inc		28,472,307
			TOTAL TELECOMMUNICATION SERVICES		113,444,337
TRANSPORTATION - 1.5%
	870,442	n	CSX Corp		42,947,608
	348,225		DSV AS		22,483,390
	160,576	n	FedEx Corp		33,404,625
			TOTAL TRANSPORTATION		98,835,623
UTILITIES - 1.6%
	330,399		American Water Works Co, Inc		26,795,359
	329,161		NextEra Energy, Inc		48,087,131
	217,650	n	Sempra Energy		24,596,626
			TOTAL UTILITIES		99,479,116
			TOTAL COMMON STOCKS		6,422,059,820
			(Cost $4,673,069,925)

20

TIAA-CREF FUNDS - Growth & Income Fund

	SHARES	COMPANY	VALUE
PURCHASED OPTIONS - 0.0%
CONSUMER DURABLES & APPAREL - 0.0%
	62,500	Mattel, Inc	$	6,250
		TOTAL CONSUMER DURABLES & APPAREL		6,250
ENERGY - 0.0%
	33,000	Continental Resources, Inc		9,075
		TOTAL ENERGY		9,075
HOUSEHOLD & PERSONAL PRODUCTS - 0.0%
	20,000	Church & Dwight Co, Inc		20,000
		TOTAL HOUSEHOLD & PERSONAL PRODUCTS		20,000
MATERIALS - 0.0%
	33,700	Dow Chemical Co		1,011
	23,500	Huntsman Corp		31,725
	31,600	Monsanto Co		188,020
		TOTAL MATERIALS		220,756
MEDIA - 0.0%
	58,500	DISH Network Corp		263,250
		TOTAL MEDIA		263,250
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	48,900	Bristol-Myers Squibb Co		29,829
		TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		29,829
SOFTWARE & SERVICES - 0.0%
	22,700	Symantec Corp		19,068
		TOTAL SOFTWARE & SERVICES		19,068
		TOTAL PURCHASED OPTIONS		568,228
		(Cost $720,860)

	PRINCIPAL		ISSUER	RATE	MATURITY DATE
SHORT-TERM INVESTMENTS - 0.6%
GOVERNMENT AGENCY DEBT - 0.2%
$	16,800,000		Federal Home Loan Bank (FHLB)	0.800%	08/01/17	16,800,000
			TOTAL GOVERNMENT AGENCY DEBT			16,800,000
	SHARES		COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.4%
	24,071,879	c	State Street Navigator Securities Lending Government Money Market Portfolio			24,071,879
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES			24,071,879
			TOTAL SHORT-TERM INVESTMENTS			40,871,879
			(Cost $40,871,879)

21

TIAA-CREF FUNDS - Growth & Income Fund

	VALUE
TOTAL INVESTMENTS - 100.4%	$	6,463,499,927
(Cost $4,714,662,664)
OTHER ASSETS & LIABILITIES, NET - (0.4)%		(23,455,637	)
NET ASSETS - 100.0%	$	6,440,044,290

	Abbreviation(s):
	ADR     American Depositary Receipt
*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $23,658,479.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 7/31/2017, the aggregate value of these securities was $21,060,806 or 0.3% of net assets.
n	All or a portion of these securities have been segregated by the custodian to cover requirements on open written options contracts.

22

TIAA-CREF FUNDS - Large-Cap Growth Fund

TIAA-CREF FUNDS

LARGE-CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.0%
AUTOMOBILES & COMPONENTS - 0.8%
	107,658	*	Tesla, Inc	$	34,824,133
			TOTAL AUTOMOBILES & COMPONENTS		34,824,133
BANKS - 1.5%
	2,134,687		Bank of America Corp		51,488,651
	144,023		JPMorgan Chase & Co		13,221,311
			TOTAL BANKS		64,709,962
CAPITAL GOODS - 4.9%
	145,997		Boeing Co		35,398,433
	180,503	*	Gardner Denver Holdings, Inc		4,144,349
	125,963		General Dynamics Corp		24,730,316
	153,611		Northrop Grumman Corp		40,419,662
	365,244		Parker-Hannifin Corp		60,623,199
	66,362		Rockwell Automation, Inc		10,951,721
	171,703		Roper Industries, Inc		39,914,079
			TOTAL CAPITAL GOODS		216,181,759
COMMERCIAL & PROFESSIONAL SERVICES - 0.8%
	370,919	*	IHS Markit Ltd		17,303,371
	389,745		Nielsen NV		16,762,933
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		34,066,304
CONSUMER DURABLES & APPAREL - 1.5%
	381,772	*	Lululemon Athletica, Inc		23,532,426
	752,383		Nike, Inc (Class B)		44,428,216
			TOTAL CONSUMER DURABLES & APPAREL		67,960,642
CONSUMER SERVICES - 3.2%
	772,695		Marriott International, Inc (Class A)		80,507,092
	582,056		MGM Resorts International		19,167,104
	749,402		Starbucks Corp		40,452,720
			TOTAL CONSUMER SERVICES		140,126,916
DIVERSIFIED FINANCIALS - 0.3%
	201,686		IntercontinentalExchange Group, Inc		13,454,473
			TOTAL DIVERSIFIED FINANCIALS		13,454,473
ENERGY - 1.0%
	349,641	*	Concho Resources, Inc		45,544,237
			TOTAL ENERGY		45,544,237

23

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY	VALUE
FOOD, BEVERAGE & TOBACCO - 1.0%
	552,908	*	Monster Beverage Corp	$	29,165,897
	263,517		Pinnacle Foods, Inc		15,647,640
			TOTAL FOOD, BEVERAGE & TOBACCO		44,813,537
HEALTH CARE EQUIPMENT & SERVICES - 5.7%
	710,085	*	Cerner Corp		45,708,171
	97,488	*	Intuitive Surgical, Inc		91,469,091
	112,911	*	NuVasive, Inc		7,428,415
	571,012		UnitedHealth Group, Inc		109,525,812
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		254,131,489
HOUSEHOLD & PERSONAL PRODUCTS - 1.5%
	673,098		Estee Lauder Cos (Class A)		66,629,971
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		66,629,971
MATERIALS - 3.2%
	374,379		Albemarle Corp		43,353,088
	409,862		Monsanto Co		47,880,079
	154,316		Sherwin-Williams Co		52,046,157
			TOTAL MATERIALS		143,279,324
MEDIA - 3.0%
	2,044,895		Comcast Corp (Class A)		82,716,003
	467,518		Walt Disney Co		51,394,254
			TOTAL MEDIA		134,110,257
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 11.8%
	394,882	*	Alexion Pharmaceuticals, Inc		54,233,094
	176,649		Allergan plc		44,573,842
	261,578	*	BioMarin Pharmaceutical, Inc		22,948,238
	463,722	*,n	Celgene Corp		62,792,596
	309,861		Eli Lilly & Co		25,613,110
	394,900		Gilead Sciences, Inc		30,047,941
	257,488	*	Illumina, Inc		44,764,289
	164,933		Ipsen		21,110,544
	132,175	*	Jazz Pharmaceuticals plc		20,303,402
	174,478		Lonza Group AG.		41,468,988
	387,460		Novo Nordisk AS		16,478,447
	62,548	*	Regeneron Pharmaceuticals, Inc		30,749,848
	375,902	*	Vertex Pharmaceuticals, Inc		57,069,442
	792,377		Zoetis, Inc		49,539,410
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		521,693,191
RETAILING - 9.6%
	165,038	*	Amazon.com, Inc		163,021,236
	326,982		Expedia, Inc		51,162,874
	665,540		Gap, Inc		15,859,818
	578,602	n	Home Depot, Inc		86,558,859
	366,830	*	NetFlix, Inc		66,638,338
	20,069	*	Priceline.com, Inc		40,709,966
			TOTAL RETAILING		423,951,091

24

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY	VALUE
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.0%
	289,466	*	Advanced Micro Devices, Inc	$	3,939,632
	999,545		Applied Materials, Inc		44,289,839
	427,202		Broadcom Ltd		105,373,645
	129,066		Lam Research Corp		20,580,865
	285,952		NVIDIA Corp		46,470,059
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		220,654,040
SOFTWARE & SERVICES - 37.2%
	755,646		Activision Blizzard, Inc		46,683,810
	1,032,504	*	Adobe Systems, Inc		151,251,511
	293,433	*	Alibaba Group Holding Ltd (ADR)		45,467,443
	100,376	*	Alphabet, Inc (Class A)		94,905,508
	165,149	*	Alphabet, Inc (Class C)		153,671,145
	1,232,496	*	eBay, Inc		44,037,082
	1,174,651	*	Facebook, Inc		198,809,682
	240,788	*	Gartner, Inc		30,897,916
	403,220	*	IAC/InterActiveCorp		42,188,909
	972,685		Intuit, Inc		133,462,109
	822,663		MasterCard, Inc (Class A)		105,136,331
	2,826,683		Microsoft Corp		205,499,854
	826,110	*	PayPal Holdings, Inc		48,368,741
	404,759	*	Red Hat, Inc		40,018,522
	1,026,803	*	salesforce.com, Inc		93,233,712
	219,335	g	Scout24 AG.		8,355,936
	2,162,900		Tencent Holdings Ltd		86,329,909
	1,231,045		Visa, Inc (Class A)		122,562,840
			TOTAL SOFTWARE & SERVICES		1,650,880,960
TECHNOLOGY HARDWARE & EQUIPMENT - 3.7%
	1,103,120		Apple, Inc		164,067,038
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		164,067,038
TELECOMMUNICATION SERVICES - 1.0%
	695,077	*	T-Mobile US, Inc		42,858,448
			TOTAL TELECOMMUNICATION SERVICES		42,858,448
TRANSPORTATION - 2.3%
	815,787		Delta Air Lines, Inc		40,267,246
	188,491		FedEx Corp		39,211,783
	216,991		Union Pacific Corp		22,341,393
			TOTAL TRANSPORTATION		101,820,422
			TOTAL COMMON STOCKS		4,385,758,194
			(Cost $2,871,666,610)
PURCHASED OPTIONS - 0.0%
RETAILING - 0.0%
	54,000		Home Depot, Inc		162,000
			TOTAL RETAILING		162,000
			TOTAL PURCHASED OPTIONS		162,000
			(Cost $349,380)

25

TIAA-CREF FUNDS - Large-Cap Growth Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 0.1%
GOVERNMENT AGENCY DEBT - 0.1%
$	6,450,000	Federal Home Loan Bank (FHLB)		0.800	%	08/01/17	$	6,450,000
		TOTAL GOVERNMENT AGENCY DEBT						6,450,000
		TOTAL SHORT-TERM INVESTMENTS						6,450,000
		(Cost $6,450,000)
		TOTAL INVESTMENTS - 99.1%						4,392,370,194
		(Cost $2,878,465,990)
		OTHER ASSETS & LIABILITIES, NET - 0.9%						40,014,930
		NET ASSETS - 100.0%					$	4,432,385,124

	Abbreviation(s):
	ADR    American Depositary Receipt
*	Non-income producing
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 7/31/2017, the aggregate value of these securities was $8,355,936 or 0.2% of net assets.
n	All or a portion of these securities have been segregated by the custodian to cover requirements on open written options contracts.

26

TIAA-CREF FUNDS - Large-Cap Value Fund

TIAA-CREF FUNDS

LARGE-CAP VALUE FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.2%
AUTOMOBILES & COMPONENTS - 1.2%
	1,535,215		General Motors Co	$	55,237,036
	1,330,634		Peugeot S.A.		28,622,903
			TOTAL AUTOMOBILES & COMPONENTS		83,859,939
BANKS - 11.9%
	9,356,538		Banca Intesa S.p.A.		32,209,205
	8,282,524		Bank of America Corp		199,774,479
	2,063,300		Citigroup, Inc		141,232,885
	618,012		Citizens Financial Group, Inc		21,679,861
	625,187		Comerica, Inc		45,207,272
	308,125		Hilltop Holdings, Inc		7,712,369
	290,370		Huntington Bancshares, Inc		3,847,402
	1,108,066		JPMorgan Chase & Co		101,720,459
	2,711,809		Regions Financial Corp		39,592,411
	790,663		TCF Financial Corp		12,460,849
	3,098,423		Wells Fargo & Co		167,128,937
	1,060,292		Zions Bancorporation		48,052,433
			TOTAL BANKS		820,618,562
CAPITAL GOODS - 7.0%
	1,160,201	*	Colfax Corp		47,893,097
	461,505		Eaton Corp		36,112,766
	900,795		Fortive Corp		58,317,469
	826,831	*	Gardner Denver Holdings, Inc		18,984,040
	3,842,656		General Electric Co		98,410,420
	179,811	*	Herc Holdings, Inc		8,159,823
	206,499		L3 Technologies, Inc		36,131,130
	460,546		Masco Corp		17,560,619
	446,666	*	SPX Corp		12,292,248
	720,377	*	SPX FLOW, Inc		25,544,569
	1,201,303		Terex Corp		47,295,299
	1,539,245		Triumph Group, Inc		39,404,672
	253,112		United Technologies Corp		30,011,490
	313,148	*	USG Corp		8,467,522
			TOTAL CAPITAL GOODS		484,585,164
CONSUMER DURABLES & APPAREL - 2.2%
	3,773,800		Cyrela Brazil Realty S.A.		14,812,741
	1,462,188		Mattel, Inc		29,273,004
	188,677		PVH Corp		22,507,279
	958,303		Pulte Homes, Inc		23,401,759
	874,330	*	Skechers U.S.A., Inc (Class A)		24,559,930
	291,406		Sony Corp		11,972,215

27

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
	611,725		Sony Corp (ADR)	$	25,123,546
			TOTAL CONSUMER DURABLES & APPAREL		151,650,474
CONSUMER SERVICES - 2.4%
	560,281		Carnival Corp		37,415,565
	1,248,697		Extended Stay America, Inc		24,686,740
	1,024,266		MGM Resorts International		33,729,079
	732,664		Red Rock Resorts, Inc		17,510,670
	895,346		Restaurant Brands International, Inc		53,344,715
			TOTAL CONSUMER SERVICES		166,686,769
DIVERSIFIED FINANCIALS - 5.1%
	367,405		American Express Co		31,313,928
	193,248		Bank of New York Mellon Corp		10,247,941
	111,626		Capital One Financial Corp		9,619,929
	1,059,073		Deutsche Bank AG. (Registered)		18,859,604
	371,926		Goldman Sachs Group, Inc		83,806,086
	390,260		Legg Mason, Inc		15,614,303
	1,256,078		Morgan Stanley		58,910,058
	952,324		State Street Corp		88,785,166
	1,066,926		Synchrony Financial		32,349,196
			TOTAL DIVERSIFIED FINANCIALS		349,506,211
ENERGY - 11.0%
	234,153		Anadarko Petroleum Corp		10,693,767
	246,694		Arch Coal, Inc		18,766,012
	2,797	*,e	California Resources Corp		22,712
	5,585,905		Cenovus Energy, Inc		46,977,461
	989,620		Chevron Corp		108,056,608
	228,329	*	Continental Resources, Inc		7,633,038
	8,953	*	Diamondback Energy, Inc		858,414
	1,197,835		EOG Resources, Inc		113,962,022
	892,694		Exxon Mobil Corp		71,451,228
	961,210	*,e	Jagged Peak Energy, Inc		13,610,734
	2,309,420	*	Matador Resources Co		56,026,529
	3,777,819	*,e	MEG Energy Corp		15,514,284
	2,023,877		Nabors Industries Ltd		15,604,092
	368,903	*	Newfield Exploration Co		10,598,583
	1,290,889	*	Parsley Energy, Inc		37,797,230
	818,344		Plains All American Pipeline LP		21,579,731
	550,876		Plains GP Holdings LP		15,060,950
	322,407	e	RPC, Inc		6,677,049
	1,038,116	*	RSP Permian, Inc		35,669,666
	1,656,041	*	Transocean Ltd (NYSE)		14,324,755
	10,366,610	*,e	Weatherford International Ltd		46,235,080
	2,588,712		Williams Cos, Inc		82,269,267
	770,154	*	WPX Energy, Inc		8,302,260
			TOTAL ENERGY		757,691,472
FOOD & STAPLES RETAILING - 2.1%
	778,546	*	US Foods Holding Corp		21,916,070
	991,506		Walgreens Boots Alliance, Inc		79,984,789
	541,014		Wal-Mart Stores, Inc		43,275,710
			TOTAL FOOD & STAPLES RETAILING		145,176,569

28

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
FOOD, BEVERAGE & TOBACCO - 5.9%
	852,128		ConAgra Foods, Inc	$	29,176,863
	1,117,684		Kraft Heinz Co		97,752,643
	411,825		Lamb Weston Holdings, Inc		18,112,064
	61,702		Molson Coors Brewing Co (Class B)		5,490,244
	2,532,915		Mondelez International, Inc		111,498,918
	823,351		Philip Morris International, Inc		96,093,295
	863,234		Pinnacle Foods, Inc		51,258,835
	5,479		Snyder's-Lance, Inc		190,614
			TOTAL FOOD, BEVERAGE & TOBACCO		409,573,476
HEALTH CARE EQUIPMENT & SERVICES - 4.6%
	2,145,875		Abbott Laboratories		105,534,133
	48,426		Anthem, Inc		9,017,405
	94,133		Baxter International, Inc		5,693,164
	920,466	*	Boston Scientific Corp		24,502,805
	777,594		Cardinal Health, Inc		60,076,912
	306,412		Cigna Corp		53,180,867
	225,806	*	Laboratory Corp of America Holdings		35,882,831
	266,415		Medtronic plc		22,370,868
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		316,258,985
HOUSEHOLD & PERSONAL PRODUCTS - 1.2%
	901,505		Procter & Gamble Co		81,874,684
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		81,874,684
INSURANCE - 5.6%
	397,342		Allstate Corp		36,158,122
	1,437,505		American International Group, Inc		94,084,702
	370,541	*	Berkshire Hathaway, Inc (Class B)		64,833,559
	407,601		Chubb Ltd		59,697,243
	561,108		Hartford Financial Services Group, Inc		30,860,940
	1,174,164		Metlife, Inc		64,579,020
	188,997		Travelers Cos, Inc		24,208,626
	181,950		W.R. Berkley Corp		12,549,091
			TOTAL INSURANCE		386,971,303
MATERIALS - 6.0%
	27,556		Acerinox S.A.		353,766
	4,151,574	*,e	AK Steel Holding Corp		23,497,909
	315,695		Ashland Global Holdings, Inc		20,510,704
	201,842	*	Berry Plastics Group, Inc		11,319,299
	884,177		Dow Chemical Co		56,799,530
	345,797		EI du Pont de Nemours & Co		28,427,971
	2,154,791		First Quantum Minerals Ltd		23,816,339
	523,834	*	GCP Applied Technologies, Inc		15,872,170
	3,468,696	*	Louisiana-Pacific Corp		87,098,957
	1,215,128		Olin Corp		35,821,973
	518,238	*,e	Ramaco Resources, Inc		3,270,082
	866,663		Valvoline, Inc		19,647,250

29

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
	250,143		Westlake Chemical Corp	$	17,600,062
	988,392		WR Grace & Co		68,159,512
			TOTAL MATERIALS		412,195,524
MEDIA - 1.4%
	800,031		CBS Corp (Class B)		52,666,040
	256,197	*	DISH Network Corp (Class A)		16,404,294
	135,829		Time Warner, Inc		13,911,606
	125,333		Walt Disney Co		13,777,857
			TOTAL MEDIA		96,759,797
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.6%
	814,869		Agilent Technologies, Inc		48,721,018
	400,210	*	Alexion Pharmaceuticals, Inc		54,964,841
	367,671		Allergan plc		92,774,423
	284,107		Amgen, Inc		49,579,513
	636,462		Bristol-Myers Squibb Co		36,214,688
	547,385	*	Endo International plc		6,032,182
	687,846		Gilead Sciences, Inc		52,338,202
	740,132		Johnson & Johnson		98,230,319
	984,210		Merck & Co, Inc		62,871,335
	1,485,574	*	Mylan NV		57,922,530
	3,153,367		Pfizer, Inc		104,565,650
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		664,214,701
REAL ESTATE - 0.8%
	49,900		AvalonBay Communities, Inc		9,598,265
	351,250		HCP, Inc		11,117,062
	1,096,989		MGM Growth Properties LLC		32,832,881
	70,269	*	Quality Care Properties, Inc		1,181,925
			TOTAL REAL ESTATE		54,730,133
RETAILING - 1.0%
	3,137,196	*	Groupon, Inc		11,795,857
	11,456,000	*	Hengdeli Holdings Ltd		1,158,683
	4,876,700	*	JC Penney Co, Inc		26,382,947
	7,222,800		Via Varejo S.A.		33,330,476
			TOTAL RETAILING		72,667,963
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.4%
	3,306,537	*	Advanced Micro Devices, Inc		45,001,969
	3,160,282		Advanced Semiconductor Engineering, Inc (ADR)		20,826,258
	1,230,038		Intel Corp		43,629,448
	539,150	*	Mellanox Technologies Ltd		25,313,093
	291,180		Qualcomm, Inc		15,487,864
	371,492		Silicon Motion Technology Corp (ADR)		15,272,036
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		165,530,668
SOFTWARE & SERVICES - 5.3%
	536,495	*	Conduent, Inc		8,857,532
	606,908	*	Dell Technologies, Inc-VMware Inc		39,005,977
	1,537,375	*	eBay, Inc		54,930,409

30

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
	241,276	*	IAC/InterActiveCorp	$	25,244,708
	114,273	*	MicroStrategy, Inc (Class A)		15,370,861
	77,701		Nintendo Co Ltd		26,388,383
	2,029,493		Oracle Corp		101,332,586
	1,758,423	*,e	Pandora Media, Inc		15,737,886
	1,476,932		Symantec Corp		45,770,123
	1,143,327	*	Teradata Corp		36,380,665
			TOTAL SOFTWARE & SERVICES		369,019,130
TECHNOLOGY HARDWARE & EQUIPMENT - 3.6%
	1,098,010	*	Ciena Corp		28,273,757
	2,398,526		Cisco Systems, Inc		75,433,643
	365,633		Corning, Inc		10,654,546
	692,629		Hewlett Packard Enterprise Co		12,127,934
	1,154,264	*	Infinera Corp		13,539,517
	1,043,620		Juniper Networks, Inc		29,169,179
	5,955,573		Nokia Corp		38,056,111
	1,329,299		Xerox Corp		40,769,600
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		248,024,287
TELECOMMUNICATION SERVICES - 3.9%
	4,788,612		AT&T, Inc		186,755,868
	1,673,237		Telephone & Data Systems, Inc		47,570,128
	731,902		Verizon Communications, Inc		35,424,057
			TOTAL TELECOMMUNICATION SERVICES		269,750,053
TRANSPORTATION - 1.1%
	726,667	*,b,m	AMR Corp (Escrow)		7,267
	570,186	*	Kirby Corp		34,724,327
	1,269,423		Knight Transportation, Inc		45,254,930
			TOTAL TRANSPORTATION		79,986,524
UTILITIES - 3.9%
	262,995		American Electric Power Co, Inc		18,551,667
	249,869		Duke Energy Corp		21,268,849
	189,081		Edison International		14,876,893
	2,502,799		Exelon Corp		95,957,314
	1,130,973		FirstEnergy Corp		36,089,349
	295,543		NextEra Energy, Inc		43,175,877
	371,981		PG&E Corp		25,179,394
	101,615		Sempra Energy		11,483,511
			TOTAL UTILITIES		266,582,854
			TOTAL COMMON STOCKS		6,853,915,242
			(Cost $5,540,548,174)
PURCHASED OPTIONS - 0.1%
DIVERSIFIED FINANCIALS - 0.1%
	3,213,900		Chicago Board Options Exchange SPX Volatility Index		2,410,425
	546,400		S&P 500 Index		8,359,920
			TOTAL DIVERSIFIED FINANCIALS		10,770,345
			TOTAL PURCHASED OPTIONS		10,770,345
			(Cost $22,385,684)

31

TIAA-CREF FUNDS - Large-Cap Value Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 2.6%
GOVERNMENT AGENCY DEBT - 0.3%
$	18,500,000		Federal Home Loan Bank (FHLB)		0.800	%	08/01/17	$	18,500,000
			TOTAL GOVERNMENT AGENCY DEBT						18,500,000
TREASURY DEBT - 1.0%
	48,800,000		United States Treasury Bill		0.920-0.921		08/03/17		48,797,463
	21,645,000		United States Treasury Bill		0.957		08/10/17		21,639,870
			TOTAL TREASURY DEBT						70,437,333
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.3%
	90,341,870	c	State Street Navigator Securities Lending Government Money Market Portfolio						90,341,870
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						90,341,870
			TOTAL SHORT-TERM INVESTMENTS						179,279,203
			(Cost $179,279,200)
			TOTAL INVESTMENTS - 101.9%						7,043,964,790
			(Cost $5,742,213,058)
			OTHER ASSETS & LIABILITIES, NET - (1.9)%						(133,370,690	)
			NET ASSETS - 100.0%					$	6,910,594,100

Abbreviation(s):

ADR    American Depositary Receipt

*	Non-income producing
b	In bankruptcy
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $86,676,586.
m	Indicates a security that has been deemed illiquid.

32

TIAA-CREF FUNDS - Mid-Cap Growth Fund

TIAA-CREF FUNDS

MID-CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.5%
AUTOMOBILES & COMPONENTS - 1.2%
	210,491		Delphi Automotive plc	$	19,032,596
			TOTAL AUTOMOBILES & COMPONENTS		19,032,596
BANKS - 2.1%
	384,132		Citizens Financial Group, Inc		13,475,350
	190,666		First Republic Bank		19,129,520
			TOTAL BANKS		32,604,870
CAPITAL GOODS - 17.1%
	235,764		A.O. Smith Corp		12,625,162
	128,881		Allegion plc		10,470,292
	214,886		BWX Technologies, Inc		11,320,195
	147,417		Equifax, Inc		21,440,329
	397,590		Fastenal Co		17,080,466
	328,821		Fortive Corp		21,287,872
	186,513		Fortune Brands Home & Security, Inc		12,248,309
	433,565	*	Gardner Denver Holdings, Inc		9,954,652
	194,000		Ingersoll-Rand plc		17,048,720
	352,807		Masco Corp		13,452,531
	127,027	*	Middleby Corp		16,599,888
	113,255		Owens Corning, Inc		7,593,748
	132,934		Parker-Hannifin Corp		22,064,385
	94,194		Rockwell Automation, Inc		15,544,836
	112,000		Rockwell Collins, Inc		11,931,360
	101,229		Roper Industries, Inc		23,531,693
	73,428		Snap-On, Inc		11,322,598
	25,532		TransDigm Group, Inc		7,203,598
			TOTAL CAPITAL GOODS		262,720,634
CONSUMER DURABLES & APPAREL - 3.5%
	201,904		Coach, Inc		9,517,755
	420,280		DR Horton, Inc		14,999,793
	44,068	*	Mohawk Industries, Inc		10,972,491
	337,813		Newell Rubbermaid, Inc		17,809,502
			TOTAL CONSUMER DURABLES & APPAREL		53,299,541
CONSUMER SERVICES - 3.9%
	380,732		Melco Crown Entertainment Ltd (ADR)		7,690,786
	389,345		MGM Resorts International		12,821,131
	548,995		Planet Fitness, Inc		12,440,227
	223,932		Restaurant Brands International, Inc		13,341,869
	109,816		Wynn Resorts Ltd		14,203,601
			TOTAL CONSUMER SERVICES		60,497,614

33

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
DIVERSIFIED FINANCIALS - 4.6%
	55,000		Affiliated Managers Group, Inc	$	10,220,650
	87,097		Ameriprise Financial, Inc		12,618,613
	290,801	e,n	iShares Russell Midcap Growth Index Fund		31,880,514
	338,796		Lazard Ltd (Class A)		15,825,161
			TOTAL DIVERSIFIED FINANCIALS		70,544,938
ENERGY - 1.4%
	90,719	*	Diamondback Energy, Inc		8,698,138
	188,310	*	Parsley Energy, Inc		5,513,717
	216,576	*	RSP Permian, Inc		7,441,551
			TOTAL ENERGY		21,653,406
FOOD & STAPLES RETAILING - 0.7%
	400,982	*	US Foods Holding Corp		11,287,643
			TOTAL FOOD & STAPLES RETAILING		11,287,643
FOOD, BEVERAGE & TOBACCO - 2.5%
	128,248		Dr Pepper Snapple Group, Inc		11,691,088
	79,879		Hershey Co		8,412,057
	136,964		Kellogg Co		9,313,552
	115,559	*	Post Holdings, Inc		9,614,509
			TOTAL FOOD, BEVERAGE & TOBACCO		39,031,206
HEALTH CARE EQUIPMENT & SERVICES - 5.5%
	278,645	*,e	Acadia Healthcare Co, Inc		14,748,680
	187,134	*	Centene Corp		14,862,182
	239,430	*	Cerner Corp		15,412,109
	211,170	*	Edwards Lifesciences Corp		24,322,561
	178,045	*,n	Insulet Corp		8,957,444
	71,202	*	Nevro Corp		6,127,644
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		84,430,620
INSURANCE - 1.1%
	346,282		Progressive Corp		16,320,271
			TOTAL INSURANCE		16,320,271
MATERIALS - 7.1%
	142,575		Albemarle Corp		16,510,185
	82,916		Ashland Global Holdings, Inc		5,387,052
	184,922		Avery Dennison Corp		17,184,802
	191,775	*	Berry Plastics Group, Inc		10,754,742
	301,381		International Paper Co		16,569,927
	438,666		Olin Corp		12,931,874
	553,378	*	Summit Materials, Inc		15,738,070
	96,158		Tronox Ltd		1,863,542
	186,604		WR Grace & Co		12,868,212
			TOTAL MATERIALS		109,808,406
MEDIA - 1.0%
	719,463		Interpublic Group of Cos, Inc		15,547,595
			TOTAL MEDIA		15,547,595

34

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.0%
	245,134	*	BioMarin Pharmaceutical, Inc	$	21,505,606
	146,865	*	Illumina, Inc		25,532,480
	183,998	*	Incyte Corp		24,525,093
	76,920	*	Jazz Pharmaceuticals plc		11,815,681
	171,423	*	Quintiles Transnational Holdings, Inc		15,522,353
	195,509	*	Seattle Genetics, Inc		9,873,205
	469,369		Zoetis, Inc		29,344,950
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		138,119,368
REAL ESTATE - 3.0%
	91,567		Boston Properties, Inc		11,071,366
	150,179		Equity Lifestyle Properties, Inc		13,110,627
	242,531		Gaming and Leisure Properties, Inc		9,201,626
	10,116	*	Redfin Corp		244,099
	92,066	*	SBA Communications Corp		12,663,678
			TOTAL REAL ESTATE		46,291,396
RETAILING - 6.1%
	89,192	*	Burlington Stores, Inc		7,762,380
	214,856	*	Dollar Tree, Inc		15,486,820
	67,690		Expedia, Inc		10,591,454
	68,093	*	O'Reilly Automotive, Inc		13,911,400
	398,508		Ross Stores, Inc		22,045,463
	287,474		Tractor Supply Co		16,133,041
	30,348	*	Ulta Beauty, Inc		7,623,721
			TOTAL RETAILING		93,554,279
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.6%
	681,124	*	Advanced Micro Devices, Inc		9,270,098
	271,840		Analog Devices, Inc		21,478,078
	120,148		Lam Research Corp		19,158,800
	161,345		Maxim Integrated Products, Inc		7,331,517
	126,720		Microchip Technology, Inc		10,142,669
	172,880		Silicon Motion Technology Corp (ADR)		7,107,097
	118,142		Skyworks Solutions, Inc		12,389,551
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		86,877,810
SOFTWARE & SERVICES - 18.0%
	68,830		Alliance Data Systems Corp		16,617,627
	62,000	*	Autodesk, Inc		6,868,980
	258,763		CDK Global, Inc		17,021,430
	308,902	*	Dell Technologies, Inc-VMware Inc		19,853,132
	324,096		DXC Technology Co		25,402,645
	244,966		Fidelity National Information Services, Inc		22,345,799
	120,770	*	Fiserv, Inc		15,518,945
	76,008	*	FleetCor Technologies, Inc		11,557,777
	346,154	*,e	GrubHub, Inc		15,968,084
	140,070	*	Guidewire Software, Inc		10,107,451
	169,342	*	IAC/InterActiveCorp		17,718,253

35

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
	116,864	*	Proofpoint, Inc	$	9,961,487
	216,885	*	RingCentral, Inc		7,547,598
	218,715	*	ServiceNow, Inc		24,157,072
	720,266		Symantec Corp		22,321,043
	30,000	*	Ultimate Software Group, Inc		6,771,300
	288,782	*	Vantiv, Inc		18,352,096
	2,548,902	*	Zynga, Inc		9,201,536
			TOTAL SOFTWARE & SERVICES		277,292,255
TECHNOLOGY HARDWARE & EQUIPMENT - 4.3%
	182,000		Amphenol Corp (Class A)		13,944,840
	483,635	*	Ciena Corp		12,453,601
	339,887		Juniper Networks, Inc		9,499,842
	147,976	*,n	Lumentum Holdings, Inc		9,263,298
	48,163	*	Palo Alto Networks, Inc		6,346,920
	371,785	*	Trimble Navigation Ltd		13,915,912
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		65,424,413
TRANSPORTATION - 0.8%
	201,295	*	Kirby Corp		12,258,866
			TOTAL TRANSPORTATION		12,258,866
			TOTAL COMMON STOCKS		1,516,597,727
			(Cost $1,245,043,370)

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 2.9%
GOVERNMENT AGENCY DEBT - 1.9%
$	29,850,000		Federal Home Loan Bank (FHLB)		0.800	%	08/01/17		29,850,000
			TOTAL GOVERNMENT AGENCY DEBT						29,850,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.0%
	15,406,181	c	State Street Navigator Securities Lending Government Money Market Portfolio						15,406,181
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						15,406,181
			TOTAL SHORT-TERM INVESTMENTS						45,256,181
			(Cost $45,256,181)
			TOTAL INVESTMENTS - 101.4%						1,561,853,908
			(Cost $1,290,299,551)
			OTHER ASSETS & LIABILITIES, NET - (1.4)%						(21,954,991	)
			NET ASSETS - 100.0%					$	1,539,898,917

	Abbreviation(s):
	ADR    American Depositary Receipt
*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $14,958,005.
n	All or a portion of these securities have been segregated by the custodian to cover requirements on open written options contracts.

36

TIAA-CREF FUNDS - Mid-Cap Value Fund

TIAA-CREF FUNDS

MID-CAP VALUE FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.4%
AUTOMOBILES & COMPONENTS - 1.2%
	235,000		Delphi Automotive plc	$	21,248,700
	151,650		Lear Corp		22,473,014
	201,661		Magna International, Inc (Class A)		9,617,213
	75,860		Visteon Corp		8,461,424
			TOTAL AUTOMOBILES & COMPONENTS		61,800,351
BANKS - 8.5%
	518,933		BankUnited		17,861,674
	296,312		Chemical Financial Corp		14,279,275
	405,155		CIT Group, Inc		19,305,636
	873,811		Citizens Financial Group, Inc		30,653,290
	658,016		Comerica, Inc		47,581,137
	647,293		East West Bancorp, Inc		36,882,755
	320,094		First Republic Bank		32,115,031
	1,004,926		Hilltop Holdings, Inc		25,153,298
	2,669,979		Huntington Bancshares, Inc		35,377,222
	1,137,504		Keycorp		20,520,572
	180,424		M&T Bank Corp		29,436,176
	930,000		Regions Financial Corp		13,578,000
	679,659		SunTrust Banks, Inc		38,937,664
	535,053		Synovus Financial Corp		23,264,104
	161,878		Wintrust Financial Corp		12,191,032
	925,218		Zions Bancorporation		41,930,880
			TOTAL BANKS		439,067,746
CAPITAL GOODS - 8.1%
	302,361	*	AerCap Holdings NV		14,845,925
	1,255,128	*	Babcock & Wilcox Enterprises, Inc		13,178,844
	220,643		Crane Co		16,658,546
	290,053		Cummins, Inc		48,699,899
	199,017		Fluor Corp		8,643,308
	500,068		Hexcel Corp		25,588,480
	148,958		Hubbell, Inc		17,694,721
	390,741		Ingersoll-Rand plc		34,338,319
	576,016		ITT, Inc		23,616,656
	193,411	*	JELD-WEN Holding, Inc		6,314,869
	619,084		KBR, Inc		9,236,733
	365,429		L3 Technologies, Inc		63,939,112
	303,537		Masco Corp		11,573,866
	160,000	*	Masonite International Corp		12,424,000
	121,160		Rockwell Collins, Inc		12,907,175
	348,297	*	SPX FLOW, Inc		12,350,612
	1,327,467		Textron, Inc		65,218,454
	123,846	*	WABCO Holdings, Inc		17,037,494

37

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	90,000	e	Wabtec Corp	$	6,782,400
			TOTAL CAPITAL GOODS		421,049,413
COMMERCIAL & PROFESSIONAL SERVICES - 0.8%
	673,135		Republic Services, Inc		43,228,730
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		43,228,730
CONSUMER DURABLES & APPAREL - 2.7%
	450,000		Mattel, Inc		9,009,000
	85,000	*	Mohawk Industries, Inc		21,164,150
	645,000		Newell Rubbermaid, Inc		34,004,400
	7,700	*	NVR, Inc		20,100,388
	249,106		Sony Corp		10,234,349
	169,288	*	Steven Madden Ltd		6,940,808
	621,183	*,e	Tempur Sealy International, Inc		35,823,623
			TOTAL CONSUMER DURABLES & APPAREL		137,276,718
CONSUMER SERVICES - 1.3%
	260,000		ARAMARK Holdings Corp		10,363,600
	139,896		Darden Restaurants, Inc		11,734,477
	550,000		ILG, Inc		14,580,500
	190,000		Restaurant Brands International, Inc		11,320,200
	193,911		Wyndham Worldwide Corp		20,238,491
			TOTAL CONSUMER SERVICES		68,237,268
DIVERSIFIED FINANCIALS - 3.7%
	460,867		Ameriprise Financial, Inc		66,770,411
	320,242		Blackstone Mortgage Trust, Inc		9,885,870
	1,106,817	*	E*TRADE Financial Corp		45,379,497
	223,553		Lazard Ltd (Class A)		10,442,161
	1,011,649		MFA Mortgage Investments, Inc		8,588,900
	417,487		Raymond James Financial, Inc		34,730,744
	570,000		Synchrony Financial		17,282,400
			TOTAL DIVERSIFIED FINANCIALS		193,079,983
ENERGY - 10.0%
	220,000		Anadarko Petroleum Corp		10,047,400
	338,139	*	Andeavor		33,654,975
	279,621		Apache Corp		13,835,647
	197,149		Arch Coal, Inc		14,997,124
	508,727		Baker Hughes a GE Co		18,766,939
	1,550,562	*	Callon Petroleum Co		17,552,362
	1,374,571		Capital Product Partners LP		5,154,641
	145,000		Cimarex Energy Co		14,359,350
	241,029	*	Concho Resources, Inc		31,396,438
	470,000	*	Continental Resources, Inc		15,712,100
	220,395	*	Diamondback Energy, Inc		21,131,473
	161,686	*	Dril-Quip, Inc		7,211,196
	529,541	*	Energen Corp		28,213,944
	259,697		EQT Corp		16,542,699
	685,000		Hess Corp		30,509,900
	219,696		HollyFrontier Corp		6,336,033

38

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	466,713		Marathon Petroleum Corp	$	26,131,261
	830,000	*	Matador Resources Co		20,135,800
	235,550		Oceaneering International, Inc		6,041,857
	852,066	*	Parsley Energy, Inc		24,948,492
	750,383		Patterson-UTI Energy, Inc		14,512,407
	173,742		Pioneer Natural Resources Co		28,337,320
	444,814		Plains All American Pipeline LP		11,729,745
	586,367	*	Rowan Cos plc		6,842,903
	389,260	e	RPC, Inc		8,061,575
	527,265	*	RSP Permian, Inc		18,116,825
	270,095		Targa Resources Investments, Inc		12,535,109
	1,450,000	*,e	Transocean Ltd (NYSE)		12,542,500
	950,000		Williams Cos, Inc		30,191,000
	1,271,773	*	WPX Energy, Inc		13,709,713
			TOTAL ENERGY		519,258,728
FOOD, BEVERAGE & TOBACCO - 5.4%
	113,978	*	British American Tobacco plc (ADR)		7,125,930
	875,000		Bunge Ltd		68,591,250
	929,467		ConAgra Foods, Inc		31,824,950
	1,109,354		Cott Corp		17,239,361
	341,307		Dean Foods Co		5,119,605
	571,227		Lamb Weston Holdings, Inc		25,122,564
	331,787		Molson Coors Brewing Co (Class B)		29,522,407
	675,000		Pinnacle Foods, Inc		40,081,500
	230,000	*	Post Holdings, Inc		19,136,000
	563,000		Tyson Foods, Inc (Class A)		35,671,680
			TOTAL FOOD, BEVERAGE & TOBACCO		279,435,247
HEALTH CARE EQUIPMENT & SERVICES - 3.1%
	1,656,245	*	Boston Scientific Corp		44,089,242
	265,000		Cardinal Health, Inc		20,473,900
	325,000	*	Centene Corp		25,811,500
	128,272		Healthsouth Corp		5,459,256
	150,000		Humana, Inc		34,680,000
	126,000	*	WellCare Health Plans, Inc		22,300,740
	68,000		Zimmer Holdings, Inc		8,249,760
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		161,064,398
INSURANCE - 7.8%
	200,171		Aon plc		27,657,627
	206,890	*	Arch Capital Group Ltd		20,122,121
	297,096		Argo Group International Holdings Ltd		17,810,905
	235,877		Chubb Ltd		34,546,545
	90,209		Everest Re Group Ltd		23,669,939
	22,016		Fairfax Financial Holdings Ltd		10,485,138
	979,678		Hartford Financial Services Group, Inc		53,882,290
	163,377		Intact Financial Corp		12,691,448
	461,177		Lincoln National Corp		33,693,592
	424,733		Marsh & McLennan Cos, Inc		33,116,432
	417,480		Principal Financial Group		27,866,790
	342,554		ProAssurance Corp		21,169,837
	114,598		RenaissanceRe Holdings Ltd		16,835,592

39

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	294,738		UnumProvident Corp	$	14,775,216
	353,749		Validus Holdings Ltd		19,028,159
	804,494		XL Group Ltd		35,719,534
			TOTAL INSURANCE		403,071,165
MATERIALS - 6.8%
	300,000		Albemarle Corp		34,740,000
	172,260		Ashland Global Holdings, Inc		11,191,732
	431,469	*	Berry Plastics Group, Inc		24,196,782
	241,967	*	Clearwater Paper Corp		11,892,678
	317,550	*	Crown Holdings, Inc		18,884,699
	605,577	*	Ferro Corp		11,651,302
	1,269,317		First Quantum Minerals Ltd		14,029,427
	2,462,189	*	Freeport-McMoRan Copper & Gold, Inc (Class B)		35,997,203
	479,018	*	GCP Applied Technologies, Inc		14,514,246
	940,000	*	Louisiana-Pacific Corp		23,603,400
	369,236		Newmont Mining Corp		13,724,502
	769,338		Olin Corp		22,680,084
	110,869		Schweitzer-Mauduit International, Inc		4,259,587
	725,890		Steel Dynamics, Inc		25,703,765
	472,911		Valvoline, Inc		10,720,892
	368,790		Westlake Chemical Corp		25,948,064
	99,022		WestRock Co		5,685,843
	630,000		WR Grace & Co		43,444,800
			TOTAL MATERIALS		352,869,006
MEDIA - 2.1%
	240,000		CBS Corp (Class B)		15,799,200
	76,130	*	DISH Network Corp (Class A)		4,874,604
	289,406	*	EW Scripps Co (Class A)		5,686,828
	1,305,000		Interpublic Group of Cos, Inc		28,201,050
	38,337	*	Madison Square Garden Co		8,423,406
	2,500,000		MDC Partners, Inc		24,750,000
	106,126	*	MSG Networks, Inc		2,271,096
	448,563		Viacom, Inc (Class B)		15,663,820
			TOTAL MEDIA		105,670,004
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 2.9%
	858,413		Agilent Technologies, Inc		51,324,513
	135,000		H Lundbeck AS		8,094,838
	108,302		Lonza Group AG.		25,740,634
	1,380,000	*	Mylan NV		53,806,200
	163,445		PerkinElmer, Inc		10,759,585
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		149,725,770
REAL ESTATE - 8.3%
	363,933		American Assets Trust,Inc		14,779,319
	369,618		American Campus Communities, Inc		17,719,487
	174,812		AvalonBay Communities, Inc		33,625,088
	174,729		Boston Properties, Inc		21,126,484
	2,100,000		Cousins Properties, Inc		19,299,000
	591,359		DDR Corp		6,025,948
	579,723	*	Equity Commonwealth		18,307,652

40

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	270,111		Gaming and Leisure Properties, Inc	$	10,248,011
	669,171		GGP, Inc		15,129,956
	1,175,000		HCP, Inc		37,188,750
	1,400,594		Host Marriott Corp		26,135,084
	608,709		Kennedy-Wilson Holdings, Inc		12,235,051
	489,416		Kimco Realty Corp		9,876,415
	333,508		Mid-America Apartment Communities, Inc		34,528,083
	525,000		Park Hotels & Resorts, Inc		14,138,250
	536,893		Prologis, Inc		32,648,464
	760,000		STORE Capital Corp		17,776,400
	580,000		Ventas, Inc		39,063,000
	707,549		Washington Prime Group, Inc		6,382,092
	350,110		Weingarten Realty Investors		11,364,571
	425,892		Welltower, Inc		31,256,214
			TOTAL REAL ESTATE		428,853,319
RETAILING - 2.7%
	18,500	*	AutoZone, Inc		9,986,670
	415,000		Dick's Sporting Goods, Inc		15,496,100
	2,950,000	*,e	JC Penney Co, Inc		15,959,500
	819,957	*	Liberty Interactive Corp		19,629,771
	945,181		Macy's, Inc		22,448,049
	2,879,008		Office Depot, Inc		16,899,777
	645,297		Staples, Inc		6,549,764
	424,066		TJX Companies, Inc		29,816,080
			TOTAL RETAILING		136,785,711
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.3%
	456,813		Cypress Semiconductor Corp		6,486,745
	53,000		Lam Research Corp		8,451,380
	400,000	*	Micron Technology, Inc		11,248,000
	226,625	*	NXP Semiconductors NV		25,003,536
	1,065,450	*	ON Semiconductor Corp		15,928,477
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		67,118,138
SOFTWARE & SERVICES - 2.1%
	794,812		CA, Inc		24,670,964
	125,000	*	Citrix Systems, Inc		9,872,500
	318,547	*	Conduent, Inc		5,259,211
	218,005		DXC Technology Co		17,087,232
	198,874	*	IAC/InterActiveCorp		20,808,187
	1,000,000		Symantec Corp		30,990,000
			TOTAL SOFTWARE & SERVICES		108,688,094
TECHNOLOGY HARDWARE & EQUIPMENT - 4.0%
	1,631,109	*	Ciena Corp		42,001,057
	447,142	*	CommScope Holding Co, Inc		16,445,883
	523,667		Juniper Networks, Inc		14,636,493
	2,042,704		Nokia Corp		13,052,878
	1,510,501		Nokia Oyj (Turquoise)		9,638,782
	981,596	*,e	Oclaro, Inc		9,600,009
	466,499		TE Connectivity Ltd		37,501,855
	598,675		Western Digital Corp		50,959,216

41

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	405,827		Xerox Corp	$	12,446,714
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		206,282,887
TELECOMMUNICATION SERVICES - 1.1%
	428,000	*	Level 3 Communications, Inc		25,115,040
	489,760		Telephone & Data Systems, Inc		13,923,877
	247,490	*	T-Mobile US, Inc		15,260,233
			TOTAL TELECOMMUNICATION SERVICES		54,299,150
TRANSPORTATION - 3.9%
	176,875		Alaska Air Group, Inc		15,075,056
	979,388		American Airlines Group, Inc		49,400,331
	200,000	*	Avis Budget Group, Inc		6,156,000
	183,778		Costamare, Inc		1,181,692
	800,000		CSX Corp		39,472,000
	199,697		Delta Air Lines, Inc		9,857,044
	130,000		Kansas City Southern Industries, Inc		13,414,700
	192,022	*	Kirby Corp		11,694,140
	148,357		Norfolk Southern Corp		16,702,031
	599,041	*	United Continental Holdings, Inc		40,543,095
			TOTAL TRANSPORTATION		203,496,089
UTILITIES - 10.6%
	157,237		Ameren Corp		8,820,996
	375,000		American Electric Power Co, Inc		26,452,500
	356,464		American Water Works Co, Inc		28,909,230
	420,175	*	Calpine Corp		6,042,116
	968,842		Centerpoint Energy, Inc		27,311,656
	332,932		CMS Energy Corp		15,394,776
	485,000		DTE Energy Co		51,924,100
	558,942		Edison International		43,977,557
	1,270,000		FirstEnergy Corp		40,525,700
	486,316		Kennedy Wilson Europe Real Estate PLC		7,334,009
	115,885	e	National Fuel Gas Co		6,861,551
	197,000		NextEra Energy, Inc		28,779,730
	800,000		NiSource, Inc		20,848,000
	245,978		NorthWestern Corp		14,215,068
	439,701		OGE Energy Corp		15,767,678
	396,839		PG&E Corp		26,862,032
	315,000		Pinnacle West Capital Corp		27,319,950
	739,829		PPL Corp		28,357,645
	648,377		Public Service Enterprise Group, Inc		29,157,514
	479,535		Sempra Energy		54,192,250
	259,397		Southwest Gas Corp		20,777,700
	420,175		Xcel Energy, Inc		19,878,479
			TOTAL UTILITIES		549,710,237
			TOTAL COMMON STOCKS		5,090,068,152
			(Cost $3,686,626,504)

42

TIAA-CREF FUNDS - Mid-Cap Value Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 3.5%
GOVERNMENT AGENCY DEBT - 0.5%
$	25,000,000		Federal Home Loan Bank (FHLB)		0.800	%	08/01/17	$	25,000,000
			TOTAL GOVERNMENT AGENCY DEBT						25,000,000
TREASURY DEBT - 1.6%
	40,430,000		United States Treasury Bill		0.951		08/03/17		40,427,898
	14,100,000		United States Treasury Bill		0.950		08/10/17		14,096,659
	27,680,000		United States Treasury Bill		0.952		08/17/17		27,668,042
			TOTAL TREASURY DEBT						82,192,599
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.4%
	73,154,833	c	State Street Navigator Securities Lending Government Money Market Portfolio						73,154,833
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						73,154,833
			TOTAL SHORT-TERM INVESTMENTS						180,347,432
			(Cost $180,347,644)
			TOTAL INVESTMENTS - 101.9%						5,270,415,584
			(Cost $3,866,974,148)
			OTHER ASSETS & LIABILITIES, NET - (1.9)%						(99,392,904	)
			NET ASSETS - 100.0%					$	5,171,022,680

	Abbreviation(s):
	ADR    American Depositary Receipt
*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $69,796,942.

43

TIAA-CREF FUNDS - Small-Cap Equity Fund

TIAA-CREF FUNDS
SMALL-CAP EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.4%
AUTOMOBILES & COMPONENTS - 1.4%
	230,000		Cooper Tire & Rubber Co	$	8,406,500
	158,500		LCI Industries, Inc		16,919,875
	249,744		Tenneco, Inc		13,810,843
	101,000		Visteon Corp		11,265,540
			TOTAL AUTOMOBILES & COMPONENTS		50,402,758
BANKS - 12.7%
	346,100		Bank of NT Butterfield & Son Ltd		11,798,549
	98,060		Banner Corp		5,664,926
	155,533		Brookline Bancorp, Inc		2,309,665
	606,800	l	Cathay General Bancorp		22,724,660
	344,375	*	Customers Bancorp, Inc		10,279,594
	239,000	*	Eagle Bancorp, Inc		14,925,550
	669,700	*	Essent Group Ltd		25,729,874
	247,100	*	FCB Financial Holdings, Inc		11,650,765
	1,358,000	*	First Bancorp (Puerto Rico)		7,957,880
	614,940		First Midwest Bancorp, Inc		13,657,817
	412,700	*	Flagstar Bancorp, Inc		13,437,512
	1,263,200		FNB Corp		17,305,840
	734,748		Fulton Financial Corp		13,409,151
	516,700		Hancock Holding Co		23,768,200
	279,200		IBERIABANK Corp		22,573,320
	2,088,600	*	MGIC Investment Corp		24,373,962
	513,291		Oritani Financial Corp		8,520,631
	325,716		Popular, Inc		13,725,672
	794,530		Provident Financial Services, Inc		21,070,935
	1,478,580		Radian Group, Inc		25,756,864
	796,768		Sterling Bancorp/DE		18,405,341
	983,690		Umpqua Holdings Corp		18,237,613
	325,094		Union Bankshares Corp		10,042,154
	666,212		United Community Banks, Inc		18,494,045
	430,300	*	Walker & Dunlop, Inc		21,622,575
	537,300		Washington Federal, Inc		17,972,685
	265,200		WesBanco, Inc		10,138,596
	275,100		Wintrust Financial Corp		20,717,781
			TOTAL BANKS		446,272,157
CAPITAL GOODS - 9.6%
	393,254	*	Aerojet Rocketdyne Holdings, Inc		9,221,806
	360,500		Allison Transmission Holdings, Inc		13,626,900
	182,357	*	American Woodmark Corp		17,898,339
	289,980	*	Beacon Roofing Supply, Inc		13,318,781
	214,800		BWX Technologies, Inc		11,315,664
	300,600	*	Colfax Corp		12,408,768

44

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	438,700		Comfort Systems USA, Inc	$	14,608,710
	161,240		Crane Co		12,173,620
	211,200		Curtiss-Wright Corp		20,363,904
	402,266		EMCOR Group, Inc		27,152,955
	252,815		Encore Wire Corp		11,275,549
	248,655		EnerSys		17,970,297
	242,800		Hillenbrand, Inc		8,740,800
	113,050		Kadant, Inc		8,823,553
	758,500	*	Meritor, Inc		13,106,880
	166,890	*	Moog, Inc (Class A)		12,403,265
	1,038,400	*	MRC Global, Inc		16,967,456
	422,906		Mueller Industries, Inc		13,321,539
	556,200	*	NOW, Inc		8,860,266
	174,800	*	Patrick Industries, Inc		13,302,280
	72,400	*	Teledyne Technologies, Inc		9,871,016
	126,900		Toro Co		9,021,321
	180,300	*	Trex Co, Inc		13,560,363
	458,200	*	Univar, Inc		14,222,528
	196,900		Woodward Governor Co		13,771,186
			TOTAL CAPITAL GOODS		337,307,746
COMMERCIAL & PROFESSIONAL SERVICES - 3.0%
	385,700		ABM Industries, Inc		17,209,934
	885,600	*	ACCO Brands Corp		10,317,240
	359,400	*	Advanced Disposal Services, Inc		8,690,292
	27,643		Exponent, Inc		1,802,324
	134,500		Insperity, Inc		10,154,750
	598,954	*	Navigant Consulting, Inc		10,140,291
	225,800	*	On Assignment, Inc		11,120,650
	255,900	*	TriNet Group, Inc		8,956,500
	321,715		Viad Corp		17,227,838
	165,975	*	WageWorks, Inc		10,821,570
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		106,441,389
CONSUMER DURABLES & APPAREL - 3.2%
	827,400		Callaway Golf Co		10,532,802
	180,940		Columbia Sportswear Co		10,961,345
	106,900	*	Deckers Outdoor Corp		6,933,534
	173,880	*	Helen of Troy Ltd		17,518,410
	189,800	*	Installed Building Products Inc		10,211,240
	349,088		La-Z-Boy, Inc		11,799,174
	245,200	*	M/I Homes, Inc		6,360,488
	329,900	*	Steven Madden Ltd		13,525,900
	282,178	*	TopBuild Corp		14,893,355
	141,900		Tupperware Corp		8,614,749
			TOTAL CONSUMER DURABLES & APPAREL		111,350,997
CONSUMER SERVICES - 4.3%
	1,145,763	*	Belmond Ltd.		14,952,207
	124,200	*	Bright Horizons Family Solutions		9,813,042
	68,000	*	Buffalo Wild Wings, Inc		7,310,000
	261,900		Choice Hotels International, Inc		16,931,835
	85,070		Churchill Downs, Inc		15,912,343

45

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	232,490	*	Dave & Buster’s Entertainment, Inc	$	14,439,954
	675,600	*	Denny’s Corp		7,674,816
	306,001	*	Grand Canyon Education, Inc		22,512,494
	447,300		ILG, Inc		11,857,923
	278,100	*	Sotheby’s (Class A)		15,737,679
	320,800		Texas Roadhouse, Inc (Class A)		15,173,840
			TOTAL CONSUMER SERVICES		152,316,133
DIVERSIFIED FINANCIALS - 2.9%
	285,700		Artisan Partners Asset Management, Inc		9,499,525
	837,900		BGC Partners, Inc (Class A)		10,565,919
	295,138		Evercore Partners, Inc (Class A)		23,212,604
	257,300		Houlihan Lokey, Inc		9,566,414
	205,000	e	iShares Russell 2000 Index Fund		29,009,550
	378,900		New Residential Investment Corp		6,441,300
	1,145,560	*	SLM Corp		12,692,805
	21,526	*	Stifel Financial Corp		1,094,597
			TOTAL DIVERSIFIED FINANCIALS		102,082,714
ENERGY - 4.3%
	151,700		Arch Coal, Inc		11,539,819
	322,500	*	C&J Energy Services, Inc		10,429,650
	506,212		Delek US Holdings, Inc		13,217,195
	283,648	*	Exterran Corp		7,854,213
	529,500		Green Plains Renewable Energy, Inc		10,457,625
	446,600	*	Gulfport Energy Corp		5,636,092
	573,785	*	Helix Energy Solutions Group, Inc		3,752,554
	3,082,520	*	McDermott International, Inc		20,868,660
	1,257,000	*	Newpark Resources, Inc		10,495,950
	1,323,300	*	Oasis Petroleum, Inc		10,295,274
	416,339	*	Par Pacific Holdings, Inc		7,456,632
	278,800	*	Peabody Energy Corp		7,817,552
	1,073,800	*	Pioneer Energy Services Corp		2,362,360
	439,400	*	RSP Permian, Inc		15,097,784
	205,732	*	SandRidge Energy, Inc		3,972,685
	962,300	*	Ultra Petroleum Corp		9,902,067
			TOTAL ENERGY		151,156,112
FOOD, BEVERAGE & TOBACCO - 2.3%
	209,700		Calavo Growers, Inc		15,528,285
	741,870	*	Darling International, Inc		12,070,225
	162,600		Fresh Del Monte Produce, Inc		8,369,022
	139,616		Lancaster Colony Corp		17,119,714
	117,100	e	Sanderson Farms, Inc		15,310,825
	645,791		Vector Group Ltd		12,999,773
			TOTAL FOOD, BEVERAGE & TOBACCO		81,397,844
HEALTH CARE EQUIPMENT & SERVICES - 5.2%
	142,947	*	Anika Therapeutics, Inc		7,313,168
	249,720		Hill-Rom Holdings, Inc		18,609,135
	624,400	*	HMS Holdings Corp		12,537,952
	102,810	*	ICU Medical, Inc		17,673,039
	219,900	*	Magellan Health Services, Inc		16,393,545

46

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	247,000	*	Masimo Corp	$	23,366,200
	267,400	*	Medidata Solutions, Inc		20,538,994
	485,763	*	Merit Medical Systems, Inc		19,916,283
	249,239	*	Natus Medical, Inc		8,773,213
	712,376	*	OraSure Technologies, Inc		12,495,075
	249,700	*	Orthofix International NV		10,831,986
	352,840	*	Premier, Inc		12,314,116
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		180,762,706
HOUSEHOLD & PERSONAL PRODUCTS - 0.3%
	162,260	*	USANA Health Sciences, Inc		9,265,046
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		9,265,046
INSURANCE - 2.6%
	919,315		American Equity Investment Life Holding Co		24,619,256
	665,900	e	Amtrust Financial Services, Inc		10,654,400
	244,117		Aspen Insurance Holdings Ltd		11,912,909
	182,300		Employers Holdings, Inc		7,902,705
	294,689	e	HCI Group, Inc		13,287,527
	619,400	*	Third Point Reinsurance Ltd		9,012,270
	597,075		Universal Insurance Holdings, Inc		14,240,239
			TOTAL INSURANCE		91,629,306
MATERIALS - 5.2%
	254,200	*	AdvanSix, Inc		8,510,616
	332,200		Alcoa Corp		12,092,080
	140,566		Carpenter Technology Corp		5,683,083
	575,200	*	Century Aluminum Co		9,651,856
	815,900	*	Coeur Mining, Inc		6,755,652
	566,037	*	Ferro Corp		10,890,552
	673,900	*,m	Ferroglobe plc		0
	141,100		Innospec, Inc		8,804,640
	103,800		Kaiser Aluminum Corp		10,098,702
	242,200	*	Koppers Holdings, Inc		8,791,860
	845,900	*	Louisiana-Pacific Corp		21,240,549
	226,240		Minerals Technologies, Inc		16,017,792
	434,200		PolyOne Corp		15,883,036
	537,715		Schnitzer Steel Industries, Inc (Class A)		13,873,047
	99,800		Stepan Co		8,200,566
	407,900	*	Summit Materials, Inc		11,600,676
	279,800	*	Worthington Industries, Inc		14,177,466
			TOTAL MATERIALS		182,272,173
MEDIA - 1.0%
	294,390	*	Live Nation, Inc		10,971,915
	51,900	*	Madison Square Garden Co		11,403,468
	708,100		New York Times Co (Class A)		13,453,900
			TOTAL MEDIA		35,829,283
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.8%
	1,270,000	*	Achillion Pharmaceuticals, Inc		5,207,000
	117,000	*	Aerie Pharmaceuticals, Inc		6,353,100

47

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	331,800	*	Amicus Therapeutics, Inc	$	4,296,810
	477,400	*	Amphastar Pharmaceuticals, Inc		8,249,472
	250,000	*	Ardelyx, Inc		1,300,000
	133,312	*	Arena Pharmaceuticals, Inc		3,167,493
	948,339	*,e	Array Biopharma, Inc		7,122,026
	43,300	*	Avexis, Inc		4,011,745
	50,000	*	Axovant Sciences Ltd		1,146,000
	51,600	*	Bluebird Bio, Inc		4,863,300
	166,800	*	Blueprint Medicines Corp		8,728,644
	289,726	*	Cambrex Corp		17,673,286
	466,100	*	Catalent, Inc		16,173,670
	160,800	*	Clovis Oncology, Inc		13,637,448
	580,900	*	Corcept Therapeutics, Inc		7,243,823
	113,000	*,e	Esperion Thereapeutics, Inc		5,117,770
	375,926	*	FibroGen, Inc		12,837,873
	206,760	*	Five Prime Therapeutics, Inc		5,818,226
	187,100	*	Global Blood Therapeutics, Inc		4,883,310
	258,963	*	INC Research Holdings, Inc		14,242,965
	80,000	*	Insmed, Inc		1,293,600
	366,100	*	Karyopharm Therapeutics, Inc		3,089,884
	44,200	*,e	Kite Pharma, Inc		4,791,722
	258,848	*	MacroGenics, Inc		4,276,169
	409,642	*	Momenta Pharmaceuticals, Inc		6,779,575
	331,000	*	Nektar Therapeutics		7,225,730
	831,700	*,e	Pacific Biosciences of California, Inc		2,711,342
	152,100	*	Pacira Pharmaceuticals, Inc		6,007,950
	274,650		Phibro Animal Health Corp		10,491,630
	172,900	*	Portola Pharmaceuticals, Inc		10,667,930
	235,067	*	PRA Health Sciences, Inc		17,488,985
	240,321	*	Prestige Brands Holdings, Inc		12,888,415
	99,600	*	Puma Biotechnology, Inc		9,466,980
	276,230	*	Retrophin, Inc		5,590,895
	64,900	*	Sage Therapeutics, Inc		5,175,775
	150,200	*	Sarepta Therapeutics, Inc		5,794,716
	1,014,930	*	Spectrum Pharmaceuticals, Inc		7,571,378
	289,306	*	Supernus Pharmaceuticals, Inc		11,702,428
	382,200	*,e	TherapeuticsMD, Inc		2,159,430
	96,524	*	Ultragenyx Pharmaceutical, Inc		6,401,472
	467,800	*	Vanda Pharmaceuticals, Inc		7,274,290
	258,200	*	Xencor Inc		6,028,970
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		306,953,227
REAL ESTATE - 6.8%
	294,470		American Assets Trust,Inc		11,958,427
	624,700		CareTrust REIT, Inc		11,394,528
	270,300		Chatham Lodging Trust		5,589,804
	170,410		Coresite Realty		18,503,118
	138,480		Entertainment Properties Trust		10,023,182
	699,250		First Industrial Realty Trust, Inc		21,341,110
	578,280		Hersha Hospitality Trust		10,848,533
	578,800		LaSalle Hotel Properties		17,097,752
	989,900		Medical Properties Trust, Inc		12,848,902
	445,600		Preferred Apartment Communities, Inc		7,695,512

48

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	156,528		PS Business Parks, Inc	$	21,046,755
	459,500		Ramco-Gershenson Properties		6,474,355
	122,700		Re/Max Holdings, Inc		7,135,005
	395,590		RLJ Lodging Trust		8,370,684
	135,399		Saul Centers, Inc		8,010,205
	312,600		STORE Capital Corp		7,311,714
	1,039,323		Summit Hotel Properties, Inc		18,635,061
	352,400		Tier REIT, Inc		6,512,352
	546,600		Urban Edge Properties		13,736,058
	734,743		Xenia Hotels & Resorts, Inc		14,929,978
			TOTAL REAL ESTATE		239,463,035
RETAILING - 2.7%
	327,800		Caleres, Inc		8,942,384
	170,440		Children’s Place Retail Stores, Inc		18,006,986
	344,100	*	Francesca’s Holdings Corp		3,348,093
	211,300		HSN, Inc		8,378,045
	436,340	*	Liberty TripAdvisor Holdings, Inc		5,126,995
	346,300		Nutri/System, Inc		19,306,225
	2,032,900		Office Depot, Inc		11,933,123
	1,340,600		Pier 1 Imports, Inc		6,180,166
	361,400	*	Select Comfort Corp		12,218,934
			TOTAL RETAILING		93,440,951
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.0%
	27,941	*	Advanced Energy Industries, Inc		2,027,120
	205,889		Cabot Microelectronics Corp		15,266,669
	106,100	*	Cavium, Inc		6,571,834
	306,762	*	Ceva, Inc		14,187,742
	264,600	*	Cirrus Logic, Inc		16,257,024
	162,598	*	Entegris, Inc		4,243,808
	506,100	*	Formfactor, Inc		6,629,910
	454,400	*	Integrated Device Technology, Inc		11,878,016
	267,468	*	MaxLinear, Inc		7,007,662
	81,800		MKS Instruments, Inc		6,842,570
	346,600	*	Nanometrics, Inc		9,236,890
	175,712		Power Integrations, Inc		12,414,053
	776,000	*	Rambus, Inc		10,002,640
	449,600	*	Semtech Corp		17,804,160
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		140,370,098
SOFTWARE & SERVICES - 8.1%
	338,200	*	Acxiom Corp		9,121,254
	466,900	*	Barracuda Networks, Inc		10,491,243
	157,050	*	CACI International, Inc (Class A)		19,646,955
	289,900	*	Commvault Systems, Inc		17,263,545
	227,100		CSG Systems International, Inc		9,390,585
	223,914	*	EPAM Systems, Inc		19,240,930
	104,800	*	Euronet Worldwide, Inc		10,124,728
	776,000		EVERTEC, Inc		13,851,600
	284,371	*	ExlService Holdings, Inc		16,365,551
	140,800		Fair Isaac Corp		20,071,040
	111,700	*	HubSpot, Inc		8,081,495

49

TIAA-CREF FUNDS - Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	77,360	*	MicroStrategy, Inc (Class A)	$	10,405,693
	836,450	*	Nuance Communications, Inc		14,470,585
	508,079		Progress Software Corp		16,263,609
	154,300	*	Proofpoint, Inc		13,152,532
	492,100	*	Quotient Technology, Inc		5,708,360
	346,700	*	RingCentral, Inc		12,065,160
	847,400		TiVo Corp		16,609,040
	146,900	*	Trade Desk, Inc		7,831,239
	753,650		Travelport Worldwide Ltd		10,777,195
	387,800	*	Verint Systems, Inc		15,376,270
	400,279	*	Website Pros, Inc		8,786,124
			TOTAL SOFTWARE & SERVICES		285,094,733
TECHNOLOGY HARDWARE & EQUIPMENT - 5.5%
	174,700	*	Anixter International, Inc		13,757,625
	516,010	*	ARRIS International plc		14,427,640
	556,271	*	Ciena Corp		14,323,978
	310,400	*	Fabrinet		13,971,104
	256,780	*	Finisar Corp		6,989,552
	274,349	*	II-VI, Inc		10,452,697
	404,620	*	NCR Corp		15,314,867
	247,300	*,e	Oclaro, Inc		2,418,594
	133,800	*	Rogers Corp		15,784,386
	465,344	*	Sanmina Corp		16,682,582
	154,500		SYNNEX Corp		18,373,140
	211,100	*	Tech Data Corp		21,616,640
	1,013,084	*	TTM Technologies, Inc		17,607,400
	1,106,500	*	Viavi Solutions, Inc		12,138,305
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		193,858,510
TELECOMMUNICATION SERVICES - 0.9%
	394,790		Telephone & Data Systems, Inc		11,223,880
	2,144,190	*	Vonage Holdings Corp		14,173,096
	1,479,700	e	Windstream Holdings, Inc		5,608,063
			TOTAL TELECOMMUNICATION SERVICES		31,005,039
TRANSPORTATION - 1.0%
	539,327	*	Air Transport Services Group, Inc		13,138,006
	346,800	*	Hawaiian Holdings, Inc		14,357,520
	133,602		Heartland Express, Inc		2,823,010
	246,100	*,e	Hertz Global Holdings, Inc		3,364,187
			TOTAL TRANSPORTATION		33,682,723
UTILITIES - 3.6%
	503,923		Avista Corp		26,511,389
	277,978		NorthWestern Corp		16,064,348
	566,291		NRG Yield, Inc (Class A)		10,323,485
	223,200		ONE Gas, Inc		16,244,496
	225,066		Ormat Technologies, Inc		13,346,414
	252,000		Otter Tail Corp		10,193,400
	538,200		Pattern Energy Group, Inc		13,508,820
	239,090		Southwest Gas Corp		19,151,109
			TOTAL UTILITIES		125,343,461
			TOTAL COMMON STOCKS		3,487,698,141
			(Cost $2,951,352,116)

50

TIAA-CREF FUNDS - Small-Cap Equity Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE		VALUE
SHORT-TERM INVESTMENTS - 2.9%
GOVERNMENT AGENCY DEBT - 0.6%
	$20,000,000		Federal Home Loan Bank (FHLB)	0.800	%	08/01/17	$	20,000,000
			TOTAL GOVERNMENT AGENCY DEBT					20,000,000
TREASURY DEBT - 0.3%
	13,980,000		United States Treasury Bill	0.931		08/10/17		13,976,687
			TOTAL TREASURY DEBT					13,976,687
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.0%
	68,527,791	c	State Street Navigator Securities Lending Government Money Market Portfolio					68,527,791
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES					68,527,791
			TOTAL SHORT-TERM INVESTMENTS					102,504,478
			(Cost $102,504,539)
			TOTAL INVESTMENTS - 102.3%					3,590,202,619
			(Cost $3,053,856,655)
			OTHER ASSETS & LIABILITIES, NET - (2.3)%					(82,261,625	)
			NET ASSETS - 100.0%				$	3,507,940,994

	Abbreviation(s):
	REIT    Real Estate Investment Trust
*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $65,722,049.
l	All or a portion of these securities have been segregated by the custodian to cover collateral requirements on swap agreements.
m	Indicates a security that has been deemed illiquid.

51

TIAA-CREF FUNDS - Small/Mid-Cap Equity Fund

TIAA-CREF FUNDS

SMALL/MID-CAP EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.8%
AUTOMOBILES & COMPONENTS - 1.9%
	31,549		Lear Corp	$	4,675,246
	45,172		Thor Industries, Inc		4,758,870
	27,066		Visteon Corp		3,018,942
			TOTAL AUTOMOBILES & COMPONENTS		12,453,058
BANKS - 7.5%
	87,859		Bank of NT Butterfield & Son Ltd		2,995,113
	34,800		BankUnited		1,197,816
	73,882		Beneficial Bancorp, Inc		1,152,559
	9,737		Blue Hills Bancorp, Inc		184,516
	40,220		Centerstate Banks of Florida, Inc		1,005,098
	69,631		Central Pacific Financial Corp		2,153,687
	9,541		Charter Financial Corp		171,547
	10,181	*	CU Bancorp		375,679
	34,070	*	Essent Group Ltd		1,308,969
	533,854	*	First Bancorp (Puerto Rico)		3,128,385
	8,894		First Financial Corp		409,569
	65,750		First Hawaiian, Inc		1,939,625
	8,269		First Merchants Corp		334,398
	1,624		First Republic Bank		162,936
	46,146		Heritage Commerce Corp		640,968
	32,100		Heritage Financial Corp		873,120
	15,353	*	HomeTrust Bancshares, Inc		370,775
	78,400		LegacyTexas Financial Group, Inc		3,035,648
	291,654	*	MGIC Investment Corp		3,403,602
	98,321		National Bank Holdings Corp		3,355,696
	20,339		Opus Bank		484,068
	18,699		PacWest Bancorp		897,926
	19,760		Park Sterling Bank		229,611
	17,977		Peoples Bancorp, Inc		586,050
	80,772		Popular, Inc		3,403,732
	15,768		Preferred Bank		885,373
	6,119		Sandy Spring Bancorp, Inc		245,005
	13,032	*	Seacoast Banking Corp of Florida		304,558
	19,814		South State Corp		1,659,423
	22,916		Southwest Bancorp, Inc		598,108
	19,996	*	SVB Financial Group		3,568,086
	96,286		TFS Financial Corp		1,538,650
	30,275		Trico Bancshares		1,117,148
	29,735	*	Triumph Bancorp, Inc		844,474
	123,424		Trustco Bank Corp NY		1,024,419
	15,886		Union Bankshares Corp		490,719
	45,020		Zions Bancorporation		2,040,306
			TOTAL BANKS		48,117,362

52

TIAA-CREF FUNDS - Small/Mid-Cap Equity Fund

SHARES			COMPANY	VALUE
CAPITAL GOODS - 11.9%
	11,347		AGCO Corp	$	818,573
	22,290	*	American Woodmark Corp		2,187,763
	119,299	*	Atkore International Group, Inc		2,483,805
	37,835	*	BMC Stock Holdings, Inc		832,370
	78,968	*	Builders FirstSource, Inc		1,237,429
	89,403		BWX Technologies, Inc		4,709,750
	63,000	*	Colfax Corp		2,600,640
	95,937		Comfort Systems USA, Inc		3,194,702
	45,100	*	Continental Building Products Inc		992,200
	13,335		Crane Co		1,006,792
	57,082		EMCOR Group, Inc		3,853,035
	4,501		Fortune Brands Home & Security, Inc		295,581
	75,107		Global Brass & Copper Holdings, Inc		2,407,179
	140,735	*	Harsco Corp		2,174,356
	60,002		HEICO Corp (Class A)		4,263,142
	34,482		Hubbell, Inc		4,096,117
	11,708		Huntington Ingalls		2,413,136
	8,800		Hyster-Yale Materials Handling, Inc		623,568
	76,413		ITT, Inc		3,132,933
	8,905		Kadant, Inc		695,035
	24,530		Kennametal, Inc		905,157
	8,615		Lennox International, Inc		1,473,165
	8,269	*	Masonite International Corp		642,088
	184,713	*	MRC Global, Inc		3,018,210
	17,719		MSC Industrial Direct Co (Class A)		1,261,770
	23,370		Mueller Industries, Inc		736,155
	60,570	*	MYR Group, Inc		1,926,732
	69,542	*	NCI Building Systems, Inc		1,251,756
	23,176		Orbital ATK, Inc		2,368,124
	39,747		Oshkosh Truck Corp		2,736,978
	33,900		Owens Corning, Inc		2,272,995
	32,796	*	Ply Gem Holdings, Inc		573,930
	14,379		Spirit Aerosystems Holdings, Inc (Class A)		868,923
	38,067	*	SPX Corp		1,047,604
	55,593	*	SPX FLOW, Inc		1,971,328
	12,000	*	Sterling Construction Co, Inc		153,360
	5,133		Tennant Co		387,798
	12,609		Triton International Ltd		454,681
	107,103	*	Univar, Inc		3,324,477
	34,046		Universal Forest Products, Inc		2,854,757
	2,000		Valmont Industries, Inc		305,400
	45,962	*	Vectrus, Inc		1,563,168
	7,655	*	Veritiv Corp		284,383
			TOTAL CAPITAL GOODS		76,401,045
COMMERCIAL & PROFESSIONAL SERVICES - 3.6%
	22,661		Brink's Co		1,770,957
	19,388	*	CBIZ, Inc		287,912
	54,011		Ceco Environmental Corp		521,746
	17,691		Ennis, Inc		340,552
	23,664		Essendant, Inc		295,327

53

TIAA-CREF FUNDS - Small/Mid-Cap Equity Fund

SHARES			COMPANY	VALUE
	55,908		Insperity, Inc	$	4,221,054
	65,365		KAR Auction Services, Inc		2,747,945
	83,922		Kforce, Inc		1,569,341
	61,037		Kimball International, Inc (Class B)		1,017,487
	44,206		Manpower, Inc		4,736,673
	22,978		Quad Graphics, Inc		516,086
	9,900	*	SP Plus Corp		323,730
	13,459	*	TransUnion		616,826
	104,008	*	TriNet Group, Inc		3,640,280
	15,821	*	TrueBlue, Inc		404,226
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		23,010,142
CONSUMER DURABLES & APPAREL - 3.4%
	77,326		Callaway Golf Co		984,360
	24,859		Carter's, Inc		2,156,021
	4,100	*	Cavco Industries, Inc		534,640
	14,700		Hooker Furniture Corp		620,340
	66,566		La-Z-Boy, Inc		2,249,931
	2,944		Lennar Corp (B Shares)		130,920
	48,737	*	Lululemon Athletica, Inc		3,004,149
	68,229		MCBC Holdings, Inc		1,262,236
	4,144		Newell Rubbermaid, Inc		218,472
	769	*	NVR, Inc		2,007,428
	23,512		Pool Corp		2,542,117
	81,932	*	Skechers U.S.A., Inc (Class A)		2,301,470
	27,720		Sturm Ruger & Co, Inc		1,596,672
	91,490	*	Taylor Morrison Home Corp		2,069,504
			TOTAL CONSUMER DURABLES & APPAREL		21,678,260
CONSUMER SERVICES - 3.1%
	76,157		ARAMARK Holdings Corp		3,035,618
	31,930		Bloomin' Brands, Inc		556,540
	18,030		Bob Evans Farms, Inc		1,247,315
	19,851		Boyd Gaming Corp		497,466
	98,279	*	Bridgepoint Education, Inc		954,289
	18,047	*	Buffalo Wild Wings, Inc		1,940,052
	84,936	*	Career Education Corp		714,312
	59,856		ClubCorp Holdings, Inc		1,014,559
	198,329		Extended Stay America, Inc		3,920,964
	45,966		H&R Block, Inc		1,401,963
	20,572	*	K12, Inc		364,330
	8,756		Marcus Corp		238,163
	51,254	*	Regis Corp		539,705
	61,903		Six Flags Entertainment Corp		3,520,424
	9,841		Speedway Motorsports, Inc		209,220
			TOTAL CONSUMER SERVICES		20,154,920
DIVERSIFIED FINANCIALS - 4.3%
	68,912	*	E*TRADE Financial Corp		2,825,392
	48,149		Evercore Partners, Inc (Class A)		3,786,919
	66,959	*	FNFV Group		1,155,043
	134,189	*	Green Dot Corp		5,399,765
	19,426		Houlihan Lokey, Inc		722,259

54

TIAA-CREF FUNDS - Small/Mid-Cap Equity Fund

SHARES			COMPANY	VALUE
	154,895	*	Ladenburg Thalmann Financial Services, Inc	$	353,161
	36,950		Lazard Ltd (Class A)		1,725,934
	71,003		LPL Financial Holdings, Inc		3,249,097
	71,056		Moelis & Co		2,906,190
	24,959		Morningstar, Inc		2,060,865
	50,635		MTGE Investment Corp		941,811
	17,403		NewStar Financial, Inc		190,389
	162,164		OM Asset Management plc		2,443,811
			TOTAL DIVERSIFIED FINANCIALS		27,760,636
ENERGY - 3.3%
	161,000	*,e	Approach Resources, Inc		503,930
	9,800	*	Bonanza Creek Energy, Inc		284,592
	33,970	*	C&J Energy Services, Inc		1,098,590
	622,534	*	Clean Energy Fuels Corp		1,631,039
	6,520	*	Diamondback Energy, Inc		625,138
	112,000	*	Eclipse Resources Corp		314,720
	39,515	*	Energen Corp		2,105,359
	24,318	*	Exterran Corp		673,365
	20,277	*	International Seaways, Inc		462,518
	62,730	*,e	Keane Group, Inc		961,651
	124,911	*	McDermott International, Inc		845,647
	12,100	*	NCS Multistage Holdings, Inc		271,645
	39,409	*	Newfield Exploration Co		1,132,221
	68,602		Overseas Shipholding Group, Inc		211,294
	78,480	*	Pacific Ethanol, Inc		490,500
	48,670	*	Parsley Energy, Inc		1,425,058
	141,265	*	Renewable Energy Group, Inc		1,765,813
	45,904	*	Transocean Ltd (NYSE)		397,070
	10,488		US Silica Holdings Inc		305,515
	39,133	*	Westmoreland Coal Co		168,663
	406,466	*	Whiting Petroleum Corp		2,133,947
	68,619		World Fuel Services Corp		2,219,138
	92,097	*	WPX Energy, Inc		992,806
			TOTAL ENERGY		21,020,219
FOOD & STAPLES RETAILING - 1.3%
	37,720	*	Performance Food Group Co		1,086,336
	136,064	*	Rite Aid Corp		304,783
	92,921		Spartan Stores, Inc		2,577,629
	24,044	*	United Natural Foods, Inc		926,415
	118,268	*	US Foods Holding Corp		3,329,244
			TOTAL FOOD & STAPLES RETAILING		8,224,407
FOOD, BEVERAGE & TOBACCO - 2.1%
	16,367		Ingredion, Inc		2,018,378
	92,770		Lamb Weston Holdings, Inc		4,080,025
	16,885		Pilgrim's Pride Corp		410,137
	71,198		Pinnacle Foods, Inc		4,227,737
	32,319	*	Post Holdings, Inc		2,688,941
			TOTAL FOOD, BEVERAGE & TOBACCO		13,425,218

55

TIAA-CREF FUNDS - Small/Mid-Cap Equity Fund

SHARES			COMPANY	VALUE
HEALTH CARE EQUIPMENT & SERVICES - 4.8%
	60,401	*	Brookdale Senior Living, Inc	$	857,694
	50,757	*	Cardiovascular Systems, Inc		1,601,383
	7,382		Cooper Cos, Inc		1,800,248
	94,891	*	Cross Country Healthcare, Inc		1,115,918
	39,970	*	Cutera, Inc		1,041,219
	8,492	*	DexCom, Inc		565,652
	207,728	*	Diplomat Pharmacy, Inc		3,296,643
	58,531		Hill-Rom Holdings, Inc		4,361,730
	5,686	*	Idexx Laboratories, Inc		946,492
	31,857	*	iRhythm Technologies, Inc		1,317,606
	17,173	*	Magellan Health Services, Inc		1,280,247
	9,800	*	Merit Medical Systems, Inc		401,800
	39,748	*	Molina Healthcare, Inc		2,655,167
	34,070	*	Orthofix International NV		1,477,957
	15,244	*	Oxford Immunotec Global plc		256,099
	22,961	*	PharMerica Corp		577,469
	44,341	*	Providence Service Corp		2,285,335
	26,959	*	Tivity Health, Inc		1,068,924
	64,340	*	Veeva Systems, Inc		4,102,319
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		31,009,902
HOUSEHOLD & PERSONAL PRODUCTS - 1.1%
	51,680		Energizer Holdings, Inc		2,380,898
	26,097	*	Herbalife Ltd		1,735,711
	52,992	*	USANA Health Sciences, Inc		3,025,843
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		7,142,452
INSURANCE - 4.1%
	9,280		Argo Group International Holdings Ltd		556,336
	67,787		Aspen Insurance Holdings Ltd		3,308,005
	25,343		Axis Capital Holdings Ltd		1,636,651
	33,871		Brown & Brown, Inc		1,510,647
	125,515		Conseco, Inc		2,871,783
	21,817		Crawford & Co (Class B)		195,917
	14,884		Erie Indemnity Co (Class A)		1,897,115
	5,609		James River Group Holdings Ltd		225,257
	59,712		ProAssurance Corp		3,690,202
	35,839		Reinsurance Group of America, Inc (Class A)		5,024,628
	14,838	*,e	Trupanion, Inc		353,441
	59,410		Validus Holdings Ltd		3,195,664
	2,497		White Mountains Insurance Group Ltd		2,158,906
			TOTAL INSURANCE		26,624,552
MATERIALS - 5.6%
	19,600	*	AgroFresh Solutions, Inc		152,880
	31,593		Avery Dennison Corp		2,935,937
	72,200	*	Berry Plastics Group, Inc		4,048,976
	56,593	*	Boise Cascade Co		1,717,597
	16,985	*	Crown Holdings, Inc		1,010,098
	118,765	*	Ferro Corp		2,285,038
	6,119		Innophos Holdings, Inc		255,591
	70,984		Kronos Worldwide, Inc		1,513,379
	105,529	*	Louisiana-Pacific Corp		2,649,833

56

TIAA-CREF FUNDS - Small/Mid-Cap Equity Fund

SHARES			COMPANY	VALUE
	25,254	*	Omnova Solutions, Inc	$	237,388
	33,855		Packaging Corp of America		3,706,446
	8,157		PolyOne Corp		298,383
	20,619		Reliance Steel & Aluminum Co		1,491,991
	27,719		Schweitzer-Mauduit International, Inc		1,064,964
	15,268		Steel Dynamics, Inc		540,640
	29,657		Stepan Co		2,436,916
	271,902		Tronox Ltd		5,269,461
	56,136	e	United States Steel Corp		1,318,635
	41,990		WR Grace & Co		2,895,630
			TOTAL MATERIALS		35,829,783
MEDIA - 1.1%
	55,122	*	Live Nation, Inc		2,054,397
	65,686		Time, Inc		922,888
	92,448		Tribune Co		3,896,683
			TOTAL MEDIA		6,873,968
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 5.8%
	18,223	*	Akorn, Inc		612,657
	8,816	*	Alnylam Pharmaceuticals, Inc		729,436
	24,490	*	Amicus Therapeutics, Inc		317,146
	44,444	*	Arena Pharmaceuticals, Inc		1,055,989
	24,914	*	Bio-Rad Laboratories, Inc (Class A)		5,870,486
	21,241		Bio-Techne Corp		2,462,044
	128,690		Bruker BioSciences Corp		3,690,829
	46,410	*	Catalent, Inc		1,610,427
	41,691	*	Charles River Laboratories International, Inc		4,094,056
	74,869	*	Corcept Therapeutics, Inc		933,616
	77,712	*	Enzo Biochem, Inc		843,175
	36,183	*	FibroGen, Inc		1,235,650
	126,400	*,e	Immunogen, Inc		750,816
	26,194	*	INC Research Holdings, Inc		1,440,670
	15,659	*	Ionis Pharmaceuticals, Inc		820,532
	2,944	*	Jazz Pharmaceuticals plc		452,228
	20,787		Luminex Corp		424,678
	12,119	*	Nektar Therapeutics		264,558
	6,500	*	Neurocrine Biosciences, Inc		312,195
	38,350	*,e	Omeros Corp		803,816
	42,370		PerkinElmer, Inc		2,789,217
	17,482		Phibro Animal Health Corp		667,812
	13,619	*	Prestige Brands Holdings, Inc		730,387
	10,284	*	Quintiles Transnational Holdings, Inc		931,216
	22,721	*	Retrophin, Inc		459,873
	69,700	*	Rigel Pharmaceuticals, Inc		165,189
	2,300	*	Sage Therapeutics, Inc		183,425
	9,000	*	Seattle Genetics, Inc		454,500
	8,599	*	United Therapeutics Corp		1,104,112
	56,932	*	Vanda Pharmaceuticals, Inc		885,293
	22,600	*	Versartis, Inc		418,100
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		37,514,128

57

TIAA-CREF FUNDS - Small/Mid-Cap Equity Fund

SHARES			COMPANY	VALUE
REAL ESTATE - 9.4%
	17,200		Alexander & Baldwin, Inc	$	721,196
	10,518		American Assets Trust,Inc		427,136
	63,670		Apartment Investment & Management Co (Class A)		2,900,168
	49,530		Apple Hospitality REIT, Inc		914,324
	77,529		Ashford Hospitality Prime, Inc		803,200
	126,670		Brixmor Property Group, Inc		2,481,465
	49,828		Camden Property Trust		4,469,572
	157,975		Columbia Property Trust, Inc		3,435,956
	77,044		CoreCivic, Inc		2,134,119
	19,783		CubeSmart		487,849
	60,096		DDR Corp		612,378
	113,980	*	Equity Commonwealth		3,599,488
	32,262		Equity Lifestyle Properties, Inc		2,816,473
	17,249	*	Forestar Group, Inc		295,820
	37,785		Gaming and Leisure Properties, Inc		1,433,563
	11,273		Jones Lang LaSalle, Inc		1,434,151
	82,117		Liberty Property Trust		3,450,556
	18,206		Mack-Cali Realty Corp		477,725
	10,054		MedEquities Realty Trust, Inc		121,151
	8,206		Mid-America Apartment Communities, Inc		849,567
	60,482		Monmouth Real Estate Investment Corp (Class A)		932,028
	34,268		NexPoint Residential Trust, Inc		859,784
	14,367		One Liberty Properties, Inc		353,141
	55,795		Outfront Media, Inc		1,276,032
	52,100		Park Hotels & Resorts, Inc		1,403,053
	15,400		Preferred Apartment Communities, Inc		265,958
	8,328		PS Business Parks, Inc		1,119,783
	39,249		QTS Realty Trust, Inc		2,098,644
	51,700		Ramco-Gershenson Properties		728,453
	15,261		Realogy Holdings Corp		506,665
	6,803		Regency Centers Corp		450,495
	230,516		Retail Properties of America, Inc		3,049,727
	23,615		RMR Group, Inc		1,153,593
	19,174		Select Income REIT		450,014
	20,443	*	STAG Industrial, Inc		557,889
	75,505		Starwood Waypoint Homes		2,639,655
	45,743		Sun Communities, Inc		4,071,585
	39,331		Taubman Centers, Inc		2,236,754
	29,499		WP Carey, Inc		2,020,976
			TOTAL REAL ESTATE		60,040,086
RETAILING - 5.2%
	72,513		American Eagle Outfitters, Inc		858,554
	152,397		Barnes & Noble, Inc		1,242,036
	32,900		Big Lots, Inc		1,634,143
	49,155	*	Burlington Stores, Inc		4,277,960
	11,822	*	Cabela's, Inc		673,618
	18,724		Caleres, Inc		510,791
	3,422		Camping World Holdings, Inc		109,367
	43,600	*	Carvana Co		851,072
	53,554		Citi Trends, Inc		1,186,221
	112,273	*	Francesca's Holdings Corp		1,092,416
	69,410	e	Fred's, Inc (Class A)		469,906

58

TIAA-CREF FUNDS - Small/Mid-Cap Equity Fund

SHARES			COMPANY	VALUE
	6,400	*	Genesco, Inc	$	205,440
	410,612	*	Groupon, Inc		1,543,901
	11,837		HSN, Inc		469,337
	137,093	*	Michaels Cos, Inc		2,761,053
	55,043		Nutri/System, Inc		3,068,647
	136,314		Office Depot, Inc		800,163
	110,074	*	Select Comfort Corp		3,721,602
	326,470		Staples, Inc		3,313,670
	72,973		Tilly's, Inc		728,270
	49,926	*	Wayfair, Inc		3,811,850
			TOTAL RETAILING		33,330,017
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.8%
	59,641	*	Alpha & Omega Semiconductor Ltd		1,055,646
	130,930		Brooks Automation, Inc		3,215,641
	20,400	*	First Solar, Inc		1,005,924
	3,580	*	MA-COM Technology Solutions		216,769
	188,581		Marvell Technology Group Ltd		2,934,320
	25,701	*	ON Semiconductor Corp		384,230
	25,905	*	Semtech Corp		1,025,838
	62,030	*	Ultra Clean Holdings		1,454,603
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		11,292,971
SOFTWARE & SERVICES - 7.5%
	220,334	*	A10 Networks, Inc		1,557,761
	65,390	*	Aspen Technology, Inc		3,718,729
	12,848		Booz Allen Hamilton Holding Co		440,687
	181,782	*	Box, Inc		3,426,590
	93,963	*	Cadence Design Systems, Inc		3,467,235
	54,913	*	Care.com, Inc		797,886
	27,360	*	CommerceHub, Inc		491,933
	15,937	*	Commvault Systems, Inc		949,048
	32,620		CSG Systems International, Inc		1,348,837
	35,658		DST Systems, Inc		1,957,624
	13,701	*	EPAM Systems, Inc		1,177,327
	131,258		EVERTEC, Inc		2,342,955
	145,805	*	Five9, Inc		3,216,458
	31,430	*	Fortinet, Inc		1,160,081
	49,313		Hackett Group, Inc		809,720
	39,970	*	IAC/InterActiveCorp		4,182,061
	20,400	*	Instructure, Inc		659,940
	94,153	*	Limelight Networks, Inc		322,003
	13,463		LogMeIn, Inc		1,567,766
	10,000		Mantech International Corp (Class A)		397,200
	8,790		MAXIMUS, Inc		530,565
	23,500	*	Model N, Inc		310,200
	58,675		Pegasystems, Inc		3,546,904
	6,900	*	Perficient, Inc		129,720
	45,508	*	Quotient Technology, Inc		527,893
	81,564	*	RingCentral, Inc		2,838,427
	9,500		Science Applications International Corp		668,895
	57,937	*	Square, Inc		1,526,640
	12,160	*	Synopsys, Inc		931,091

59

TIAA-CREF FUNDS - Small/Mid-Cap Equity Fund

SHARES			COMPANY	VALUE
	58,460		Syntel, Inc	$	1,139,385
	23,959	*	TeleNav, Inc		179,693
	89,300		Travelport Worldwide Ltd		1,276,990
	24,941	*	Workiva, Inc		488,844
			TOTAL SOFTWARE & SERVICES		48,087,088
TECHNOLOGY HARDWARE & EQUIPMENT - 5.7%
	61,100	*	Aerohive Networks, Inc		287,781
	14,054	*	Anixter International, Inc		1,106,753
	44,948	*	Arrow Electronics, Inc		3,653,823
	76,642		CDW Corp		4,861,402
	55,636		Dolby Laboratories, Inc (Class A)		2,879,163
	79,190	*	Extreme Networks, Inc		696,080
	52,000		Flir Systems, Inc		1,940,640
	70,061	*	Insight Enterprises, Inc		2,838,872
	116,495		Jabil Circuit, Inc		3,553,098
	102,556	*	Keysight Technologies, Inc		4,265,304
	34,825	*	Sanmina Corp		1,248,476
	147,821	*	ShoreTel, Inc		1,101,266
	33,523		SYNNEX Corp		3,986,555
	9,300		Systemax, Inc		168,516
	41,320	*	Tech Data Corp		4,231,168
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		36,818,897
TELECOMMUNICATION SERVICES - 0.6%
	634,996	*,e	Globalstar, Inc		1,174,743
	69,814		Telephone & Data Systems, Inc		1,984,812
	7,700	*	US Cellular Corp		291,676
	128,504	e	Windstream Holdings, Inc		487,030
			TOTAL TELECOMMUNICATION SERVICES		3,938,261
TRANSPORTATION - 1.7%
	5,692		Copa Holdings S.A. (Class A)		714,118
	68,370	*	Hub Group, Inc (Class A)		2,327,998
	49,763	*	JetBlue Airways Corp		1,091,303
	162,827	*	Radiant Logistics, Inc		705,041
	7,100		Ryder System, Inc		516,596
	41,521		Skywest, Inc		1,515,517
	62,648	*	XPO Logistics, Inc		3,765,771
			TOTAL TRANSPORTATION		10,636,344
UTILITIES - 3.0%
	207,638		NRG Energy, Inc		5,112,047
	83,016		NRG Yield, Inc (Class A)		1,513,382
	9,746		OGE Energy Corp		349,492
	2,894		ONE Gas, Inc		210,625
	14,583		Pinnacle West Capital Corp		1,264,784
	33,000		Vanguard Small-Cap ETF		4,525,950
	51,559		Vectren Corp		3,099,211
	90,660		Vistra Energy Corp		1,489,544
	39,663		Westar Energy, Inc		2,012,897
			TOTAL UTILITIES		19,577,932
			TOTAL COMMON STOCKS		640,961,648
			(Cost $576,838,605)

60

TIAA-CREF FUNDS - Small/Mid-Cap Equity Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 1.4%
GOVERNMENT AGENCY DEBT - 0.4%
$	2,300,000		Federal Agricultural Mortgage Corp (FAMC)		0.800	%	08/01/17	$	2,300,000
			TOTAL GOVERNMENT AGENCY DEBT						2,300,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.0%
	6,479,919	c	State Street Navigator Securities Lending Government Money Market Portfolio						6,479,919
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						6,479,919
			TOTAL SHORT-TERM INVESTMENTS						8,779,919
			(Cost $8,779,919)
			TOTAL INVESTMENTS - 101.2%						649,741,567
			(Cost $585,618,524)
			OTHER ASSETS & LIABILITIES, NET - (1.2)%						(7,661,171	)
			NET ASSETS - 100.0%					$	642,080,396

	Abbreviation(s):
	ETF    Exchange Traded Fund
	REIT   Real Estate Investment Trust
*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $6,044,405.

61

TIAA-CREF FUNDS - Social Choice Equity Fund

TIAA-CREF FUNDS

SOCIAL CHOICE EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.5%
AUTOMOBILES & COMPONENTS - 1.1%
	10,131		BorgWarner, Inc	$	473,523
	16,566		Delphi Automotive plc		1,497,898
	1,156,967		Ford Motor Co		12,981,170
	66,583		Harley-Davidson, Inc		3,240,594
	22,556	*	Modine Manufacturing Co		366,535
	36,703	*	Tesla, Inc		11,872,319
			TOTAL AUTOMOBILES & COMPONENTS		30,432,039
BANKS - 5.5%
	22,700		Ameris Bancorp		1,039,660
	20,257		Associated Banc-Corp		485,155
	15,244		Bank Mutual Corp		151,678
	6,214		Bank of Hawaii Corp		519,925
	15,284		Bank of the Ozarks, Inc		659,505
	3,518		Banner Corp		203,235
	339,486		BB&T Corp		16,064,478
	12,593		Berkshire Hills Bancorp, Inc		467,830
	20,496		Brookline Bancorp, Inc		304,366
	8,111		Bryn Mawr Bank Corp		344,312
	3,985		Camden National Corp		167,370
	16,555		Capital Bank Financial Corp		629,090
	690		Cathay General Bancorp		25,840
	123,551		CIT Group, Inc		5,887,205
	331,064		Citizens Financial Group, Inc		11,613,725
	3,672		City Holding Co		240,993
	440		Columbia Banking System, Inc		17,530
	108,335		Comerica, Inc		7,833,704
	292		Commerce Bancshares, Inc		16,948
	797		Community Bank System, Inc		43,755
	1,572		Community Trust Bancorp, Inc		67,910
	3,270		Cullen/Frost Bankers, Inc		296,851
	24,167	*	Customers Bancorp, Inc		721,385
	3,717		East West Bancorp, Inc		211,795
	20,125	*	FCB Financial Holdings, Inc		948,894
	10,422		Federal Agricultural Mortgage Corp (Class C)		714,532
	57,660		Fifth Third Bancorp		1,539,522
	16,895		First Commonwealth Financial Corp		220,142
	2,352		First Financial Corp		108,310
	11,312		First Interstate Bancsystem, Inc		413,454
	16,967		First Merchants Corp		686,145
	3,844		First Republic Bank		385,668
	6,216		Flushing Financial Corp		177,342
	1,130		FNB Corp		15,481
	540		Glacier Bancorp, Inc		18,857

62

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	1,279		Hancock Holding Co	$	58,834
	7,158		Hanmi Financial Corp		205,077
	13,498		Heartland Financial USA, Inc		635,756
	21,749		Heritage Financial Corp		591,573
	14,400	*	HomeStreet, Inc		378,000
	13,122	*	HomeTrust Bancshares, Inc		316,896
	11,260		Hope Bancorp, Inc		198,514
	5,708		Investors Bancorp, Inc		75,802
	654,066		Keycorp		11,799,351
	13,531		Lakeland Financial Corp		622,426
	3,075	e	Live Oak Bancshares, Inc		77,644
	88,001		M&T Bank Corp		14,357,363
	17,553	*	MGIC Investment Corp		204,843
	6,254		National Bank Holdings Corp		213,449
	310		NBT Bancorp, Inc		11,203
	69,768		New York Community Bancorp, Inc		916,054
	22,664		Northfield Bancorp, Inc		380,529
	26,647	e	OFG Bancorp		267,802
	7,838		Old National Bancorp		127,759
	13,091		Opus Bank		311,566
	8,836		PacWest Bancorp		424,305
	982		People's United Financial, Inc		17,126
	20,862		Pinnacle Financial Partners, Inc		1,333,082
	152,033		PNC Financial Services Group, Inc		19,581,850
	424,800		Regions Financial Corp		6,202,080
	3,278		S&T Bancorp, Inc		124,171
	4,340		Southside Bancshares, Inc		150,728
	6,312		State Bank & Trust Co		173,264
	12,826		Stock Yards Bancorp, Inc		459,812
	4,677		Sun Bancorp, Inc		113,885
	16,030	*	SVB Financial Group		2,860,393
	1,879	*	Texas Capital Bancshares, Inc		147,220
	17,614	*	The Bancorp, Inc		136,508
	8,474		TowneBank		265,236
	4,025		Trico Bancshares		148,522
	13,511	*	Tristate Capital Holdings, Inc		310,753
	350		Trustmark Corp		11,186
	2,167		UMB Financial Corp		150,953
	650		Umpqua Holdings Corp		12,051
	6,031		Union Bankshares Corp		186,298
	14,096		United Bankshares, Inc		486,312
	11,606		United Financial Bancorp, Inc (New)		209,953
	6,092		Univest Corp of Pennsylvania		185,806
	417,387		US Bancorp		22,029,686
	27,261	*	Walker & Dunlop, Inc		1,369,865
	3,230		Webster Financial Corp		167,734
	1,553	e	Westamerica Bancorporation		84,980
	13,557	*	Western Alliance Bancorp		683,002
	230		Wintrust Financial Corp		17,321
	3,911		WSFS Financial Corp		176,582
	55,123		Zions Bancorporation		2,498,174
			TOTAL BANKS		145,711,871

63

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
CAPITAL GOODS - 7.4%
	121,756		3M Co	$	24,493,655
	11,556		A.O. Smith Corp		618,824
	954	e	Acuity Brands, Inc		193,328
	180,779		Ametek, Inc		11,132,371
	286		Applied Industrial Technologies, Inc		16,159
	29,220		Arconic, Inc		724,364
	11,569		Argan, Inc		745,622
	46,198		Barnes Group, Inc		2,780,196
	419	*	Beacon Roofing Supply, Inc		19,245
	9,760		Briggs & Stratton Corp		228,579
	46,759	*	Builders FirstSource, Inc		732,714
	121,895		Caterpillar, Inc		13,889,935
	3,092	e	Chicago Bridge & Iron Co NV		57,944
	35,835		Cummins, Inc		6,016,696
	99,550		Deere & Co		12,770,274
	69,961	*	DigitalGlobe, Inc		2,441,639
	27,134		Dover Corp		2,279,256
	5,280	*	DXP Enterprises, Inc		150,955
	137,592		Eaton Corp		10,766,574
	1,365		EMCOR Group, Inc		92,138
	18,214	*	Esterline Technologies Corp		1,757,651
	59,517		Fastenal Co		2,556,850
	300	e	GATX Corp		18,549
	7,479		Graco, Inc		867,863
	245		Granite Construction, Inc		12,010
	1,410		H&E Equipment Services, Inc		31,824
	17,572		Hexcel Corp		899,159
	103,060		Illinois Tool Works, Inc		14,501,573
	53,624		Ingersoll-Rand plc		4,712,477
	249,032		Johnson Controls International plc		9,699,796
	7,798		Kaman Corp		398,634
	42,274	*,e	KEYW Holding Corp, The		373,279
	38,241		L3 Technologies, Inc		6,691,028
	7,720		Lincoln Electric Holdings, Inc		673,647
	171,085		Masco Corp		6,523,471
	2,279		MSC Industrial Direct Co (Class A)		162,288
	3,829	*	MYR Group, Inc		121,800
	66,007		Owens Corning, Inc		4,425,769
	84,023		PACCAR, Inc		5,751,374
	13,733		Parker-Hannifin Corp		2,279,403
	41,937		Pentair plc		2,644,967
	252,876	*,e	Plug Power, Inc		571,500
	46,206	*	Quanta Services, Inc		1,558,528
	37,955		Rockwell Automation, Inc		6,263,714
	100,465		Rockwell Collins, Inc		10,702,536
	21,428		Roper Industries, Inc		4,981,153
	2,611	*	Rush Enterprises, Inc (Class A)		112,612
	13,623	*	Teledyne Technologies, Inc		1,857,360
	1,401		Timken Co		63,746
	10,913	*	Titan Machinery, Inc		194,797
	40,384		TransDigm Group, Inc		11,393,942
	26,801		Triton International Ltd		966,444

64

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	16,143	*	United Rentals, Inc	$	1,920,371
	5,047	*	Veritiv Corp		187,496
	1,480		W.W. Grainger, Inc		246,775
	10,000		Wabash National Corp		190,800
	63,090	*	Wesco Aircraft Holdings, Inc		684,527
	1,355	*	WESCO International, Inc		69,444
	6,028		Woodward Governor Co		421,598
			TOTAL CAPITAL GOODS		197,641,223
COMMERCIAL & PROFESSIONAL SERVICES - 0.7%
	540		ABM Industries, Inc		24,095
	127,077	*	ACCO Brands Corp		1,480,447
	155,560	*	Copart, Inc		4,898,584
	650	e	Covanta Holding Corp		9,815
	290		Essendant, Inc		3,619
	12,240		Exponent, Inc		798,048
	4,282		Heidrick & Struggles International, Inc		77,504
	6,346		Insperity, Inc		479,123
	5,010		Interface, Inc		94,940
	1,760		Kelly Services, Inc (Class A)		39,195
	5,758		Kimball International, Inc (Class B)		95,986
	590		Knoll, Inc		11,422
	10,228		Manpower, Inc		1,095,930
	21,053	*,m	Media General, Inc		0
	3,562	*	Mistras Group, Inc		71,774
	430		Mobile Mini, Inc		13,244
	8,831	*	Navigant Consulting, Inc		149,509
	970	*	On Assignment, Inc		47,773
	6,963		Resources Connection, Inc		92,956
	52,605		Robert Half International, Inc		2,380,376
	4,160	*	RPX Corp		56,867
	1,210		Steelcase, Inc (Class A)		16,517
	5,080	*,e	Team, Inc		72,898
	10,180		Tetra Tech, Inc		483,041
	2,825	*	TriNet Group, Inc		98,875
	11,278		Viad Corp		603,937
	87,678		Waste Management, Inc		6,589,002
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		19,785,477
CONSUMER DURABLES & APPAREL - 1.2%
	10,992		CalAtlantic Group, Inc		385,819
	13,930		Callaway Golf Co		177,329
	13,376	*	Century Communities, Inc		346,438
	396		Columbia Sportswear Co		23,990
	5,269		CSS Industries, Inc		141,051
	490		Ethan Allen Interiors, Inc		15,705
	48,285	*	Fossil Group, Inc		543,206
	9,306	*	Green Brick Partners, Inc		104,693
	53,158	e	Hanesbrands, Inc		1,218,381
	258		Hasbro, Inc		27,317
	2,202	*	Helen of Troy Ltd		221,851
	13,517		Libbey, Inc		121,653
	7,028	*	Meritage Homes Corp		286,391

65

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	595	*	Michael Kors Holdings Ltd	$	21,682
	3,220	*	Mohawk Industries, Inc		801,748
	6,980		Movado Group, Inc		171,708
	30,646		Newell Rubbermaid, Inc		1,615,657
	344,482		Nike, Inc (Class B)		20,341,662
	1,614		Phillips-Van Heusen Corp		192,534
	397		Pool Corp		42,924
	399	*,e	Tempur Sealy International, Inc		23,010
	4,706	*	Unifi, Inc		154,169
	54,516		VF Corp		3,390,350
	587		Weyco Group, Inc		16,366
	3,389		Whirlpool Corp		602,835
			TOTAL CONSUMER DURABLES & APPAREL		30,988,469
CONSUMER SERVICES - 2.7%
	4,314	*	American Public Education, Inc		91,888
	4,297	*	Bright Horizons Family Solutions		339,506
	8,508		Carriage Services, Inc		207,510
	30,118		Choice Hotels International, Inc		1,947,129
	33,819		Darden Restaurants, Inc		2,836,738
	320	e	DineEquity, Inc		13,165
	22,986		Hilton Worldwide Holdings, Inc		1,437,315
	23,836		ILG, Inc		631,892
	14,275	*	Intrawest Resorts Holdings Inc		339,031
	124,286		Marriott International, Inc (Class A)		12,949,358
	166,803		McDonald's Corp		25,877,817
	20,387		Royal Caribbean Cruises Ltd		2,305,158
	38,369		Service Corp International		1,332,556
	25,999	*	ServiceMaster Global Holdings, Inc		1,142,916
	337,600		Starbucks Corp		18,223,648
	9,266		Vail Resorts, Inc		1,952,902
			TOTAL CONSUMER SERVICES		71,628,529
DIVERSIFIED FINANCIALS - 6.0%
	52,376		Ally Financial, Inc		1,185,792
	234,072		American Express Co		19,949,956
	1,075		Ameriprise Financial, Inc		155,746
	616,689		Annaly Capital Management, Inc		7,418,769
	50,429		Apollo Commercial Real Estate Finance, Inc		909,235
	350,453		Bank of New York Mellon Corp		18,584,523
	26,990		BlackRock, Inc		11,512,045
	323,003		Charles Schwab Corp		13,856,829
	22,014		Chimera Investment Corp		414,303
	124,077		CME Group, Inc		15,214,322
	280		Cohen & Steers, Inc		11,312
	182,870		Discover Financial Services		11,144,098
	19,736		Dynex Capital, Inc		136,376
	4,411	*,e	Encore Capital Group, Inc		176,881
	2,390		Factset Research Systems, Inc		399,656
	77,683		Franklin Resources, Inc		3,478,645
	9,333	*	Green Dot Corp		375,560
	214,820		IntercontinentalExchange Group, Inc		14,330,642
	165,102		Invesco Ltd		5,740,596

66

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	4,700		Invesco Mortgage Capital, Inc	$	78,161
	24,238		Legg Mason, Inc		969,762
	29,667		NASDAQ OMX Group, Inc		2,206,335
	14,006		NewStar Financial, Inc		153,226
	119,931		Northern Trust Corp		10,495,162
	55,811	*	On Deck Capital, Inc		239,987
	8,008	*	Pico Holdings, Inc		130,130
	31,538		S&P Global, Inc		4,843,921
	123,600		State Street Corp		11,523,228
	52,574		T Rowe Price Group, Inc		4,348,921
	3,000		TD Ameritrade Holding Corp		137,190
	25,591		Voya Financial, Inc		1,004,191
			TOTAL DIVERSIFIED FINANCIALS		161,125,500
ENERGY - 5.8%
	34,606	*	Andeavor		3,444,335
	55,798	*	Antero Resources Corp		1,150,555
	43,205		Apache Corp		2,137,783
	38,878		Archrock, Inc		425,714
	46,589	*,e	Atwood Oceanics, Inc		366,190
	89,631		Baker Hughes a GE Co		3,306,488
	20,519	e	Bristow Group, Inc		151,225
	12,890	*,e	California Resources Corp		104,667
	25,979	*,e	CARBO Ceramics, Inc		183,672
	83,614	*	Cheniere Energy, Inc		3,779,353
	1,276		Cimarex Energy Co		126,362
	145,298	*	Clean Energy Fuels Corp		380,681
	10,655	*	Concho Resources, Inc		1,387,920
	185,845		ConocoPhillips		8,431,788
	49,772	*	Continental Resources, Inc		1,663,878
	13,037		Delek US Holdings, Inc		340,396
	245,322	*,e	Denbury Resources, Inc		358,170
	142,795	*	Devon Energy Corp		4,756,501
	1,150	*	Energen Corp		61,272
	91,046		EOG Resources, Inc		8,662,116
	35,229		EQT Corp		2,244,087
	16,785	*	Exterran Corp		464,777
	133,714	*,e	Fairmount Santrol Holdings, Inc		390,445
	42,574	*	Forum Energy Technologies, Inc		564,105
	20,460		Green Plains Renewable Energy, Inc		404,085
	17,286	*	Gulfport Energy Corp		218,149
	86,778	*	Helix Energy Solutions Group, Inc		567,528
	75,067		Hess Corp		3,343,484
	596,543		Kinder Morgan, Inc		12,187,373
	215,752		Marathon Oil Corp		2,638,647
	101,682		Marathon Petroleum Corp		5,693,175
	14,654	*	Matrix Service Co		151,669
	146,428	*	McDermott International, Inc		991,318
	167,615		National Oilwell Varco, Inc		5,482,687
	10,506	*	Natural Gas Services Group, Inc		262,125
	58,596	*	Newpark Resources, Inc		489,277
	99,937		Noble Energy, Inc		2,889,179
	3,520	*	Oasis Petroleum, Inc		27,386

67

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	177,330		Occidental Petroleum Corp	$	10,982,047
	458		Oceaneering International, Inc		11,748
	422	*	Oil States International, Inc		10,487
	45,345		Oneok, Inc		2,565,167
	74,453	*	Parker Drilling Co		89,344
	4,952	e	PBF Energy, Inc		112,757
	8,658	*	PDC Energy, Inc		408,311
	131,450		Phillips 66		11,008,937
	24,848		Pioneer Natural Resources Co		4,052,709
	1,928		Range Resources Corp		40,700
	31,821	*	Renewable Energy Group, Inc		397,762
	7,784	*	RigNet, Inc		147,507
	92,093	*	Rowan Cos plc		1,074,725
	251,397		Schlumberger Ltd		17,245,834
	79	*	SEACOR Holdings, Inc		2,693
	34,506		SM Energy Co		600,059
	31,883	*	Superior Energy Services		343,061
	6,235	*	Tesco Corp		28,681
	69,946	*	Tetra Technologies, Inc		196,548
	24,405	*	Unit Corp		438,802
	22,379	e	US Silica Holdings Inc		651,900
	232,223		Valero Energy Corp		16,016,420
	175,693	*,e	Weatherford International Ltd		783,591
	183,839		Williams Cos, Inc		5,842,403
	6,926		World Fuel Services Corp		223,987
			TOTAL ENERGY		153,504,742
FOOD & STAPLES RETAILING - 0.7%
	35,243	e	Casey's General Stores, Inc		3,762,190
	18,032	*	Chefs' Warehouse Holdings, Inc		261,464
	12,822	*,e	Natural Grocers by Vitamin C		112,962
	23,024	*	Performance Food Group Co		663,091
	10,211		Pricesmart, Inc		860,277
	25,576	*	Smart & Final Stores, Inc		219,954
	16,191		Spartan Stores, Inc		449,138
	86,145	*	Sprouts Farmers Market, Inc		2,073,510
	30,555	*	United Natural Foods, Inc		1,177,284
	38,347	*	US Foods Holding Corp		1,079,468
	5,906		Weis Markets, Inc		279,413
	195,147		Whole Foods Market, Inc		8,149,339
			TOTAL FOOD & STAPLES RETAILING		19,088,090
FOOD, BEVERAGE & TOBACCO - 4.8%
	17,386		Bunge Ltd		1,362,889
	78,583		Campbell Soup Co		4,151,540
	689,593		Coca-Cola Co		31,610,943
	78,897		Dr Pepper Snapple Group, Inc		7,192,251
	229,108		General Mills, Inc		12,752,151
	3,800	*	Hain Celestial Group, Inc		169,898
	70,402		Hormel Foods Corp		2,405,636
	118,265		Kellogg Co		8,042,020
	192,674		Kraft Heinz Co		16,851,268
	4,569	*	Landec Corp		56,199

68

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	6,083		McCormick & Co, Inc	$	579,710
	273,023		Mondelez International, Inc		12,018,472
	29,251		Omega Protein Corp		468,016
	260,994		PepsiCo, Inc		30,434,510
	3,091	*	Seneca Foods Corp		88,712
	674	*	TreeHouse Foods, Inc		57,175
			TOTAL FOOD, BEVERAGE & TOBACCO		128,241,390
HEALTH CARE EQUIPMENT & SERVICES - 4.8%
	4,035		Abaxis, Inc		189,645
	4,025	*	Abiomed, Inc		596,062
	14,457	*,e	Acadia Healthcare Co, Inc		765,209
	77,582	*	Accuray, Inc		329,724
	589		Aceto Corp		9,942
	48,310	*	Alere, Inc		2,434,341
	6,999	*	Align Technology, Inc		1,170,443
	26,921	*	Amedisys, Inc		1,274,979
	87,979		AmerisourceBergen Corp		8,254,190
	21,087	*	AMN Healthcare Services, Inc		778,110
	5,424		Analogic Corp		380,765
	15,017	*	Angiodynamics, Inc		244,026
	82,164		Anthem, Inc		15,299,758
	31,724	*,e	athenahealth, Inc		4,388,064
	18,911	*	AtriCure, Inc		458,214
	88,951		Becton Dickinson & Co		17,914,731
	30,852	*	Brookdale Senior Living, Inc		438,098
	20,471	*	Capital Senior Living Corp		282,500
	142,328		Cardinal Health, Inc		10,996,261
	34,993	*	Centene Corp		2,779,144
	59,065	*,e	Cerus Corp		133,487
	3,151		Chemed Corp		622,323
	70,208		Cigna Corp		12,185,301
	8,003	e	Computer Programs & Systems, Inc		245,292
	4,329	*	Corvel Corp		205,844
	31,370		Dentsply Sirona, Inc		1,945,881
	1,590	*	Diplomat Pharmacy, Inc		25,233
	69,918	*	Edwards Lifesciences Corp		8,053,155
	49,909	*	Endologix, Inc		244,055
	61,429	*	Envision Healthcare Corp		3,466,438
	26,220	*	GenMark Diagnostics, Inc		310,183
	300	*	Haemonetics Corp		12,339
	735	*	HCA Holdings, Inc		59,050
	3,802	*	HealthStream, Inc		89,803
	3,584	*	Henry Schein, Inc		653,041
	2,640	*	HMS Holdings Corp		53,011
	43,174	*	Hologic, Inc		1,908,723
	38,428		Humana, Inc		8,884,554
	5,796	*	Idexx Laboratories, Inc		964,802
	18,829	*	Integer Holding Corp		862,368
	18,008	*	Laboratory Corp of America Holdings		2,861,651
	5,385		Landauer, Inc		293,213
	15,190	*	LHC Group, Inc		879,501
	21,680	*	LifePoint Hospitals, Inc		1,287,792

69

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	1,635	*	Magellan Health Services, Inc	$	121,889
	9,720	*	Medidata Solutions, Inc		746,593
	26,417	*	Merit Medical Systems, Inc		1,083,097
	11,035	*	NxStage Medical, Inc		259,874
	25,565	*	Omnicell, Inc		1,268,024
	37,310	*	OraSure Technologies, Inc		654,417
	10,906		Patterson Cos, Inc		454,998
	21,433	*	PharMerica Corp		539,040
	1,887	*	Premier, Inc		65,856
	14,487	*	Providence Service Corp		746,660
	1,816	*	Quality Systems, Inc		31,054
	5,122	*	Quidel Corp		163,853
	25,215		Resmed, Inc		1,944,581
	14,148	*	Select Medical Holdings Corp		229,198
	7,472	*	Spectranetics Corp		287,672
	9,466	*	Staar Surgical Co		97,027
	11,931	*,e	Teladoc, Inc		391,337
	20,417	*	Tivity Health, Inc		809,534
	14,688	*	Triple-S Management Corp (Class B)		227,370
	8,920		US Physical Therapy, Inc		562,852
	500	*	Varian Medical Systems, Inc		48,560
	14,899	*	VCA Antech, Inc		1,379,349
	18,508	*	Vocera Communications, Inc		504,713
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		127,848,794
HOUSEHOLD & PERSONAL PRODUCTS - 2.3%
	2,378		Clorox Co		317,439
	199,846		Colgate-Palmolive Co		14,428,881
	51,678		Estee Lauder Cos (Class A)		5,115,605
	40,204		Kimberly-Clark Corp		4,951,525
	8,499	e	Natural Health Trends Corp		209,331
	402,506		Procter & Gamble Co		36,555,595
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		61,578,376
INSURANCE - 4.2%
	150,329		Aflac, Inc		11,988,738
	36,668		Allstate Corp		3,336,788
	139,292		American International Group, Inc		9,116,661
	5,145		Arthur J. Gallagher & Co		302,475
	32,636		Aspen Insurance Holdings Ltd		1,592,637
	8,868		Axis Capital Holdings Ltd		572,696
	136,533		Chubb Ltd		19,996,623
	476		Employers Holdings, Inc		20,635
	3,280		First American Financial Corp		158,785
	111,278		Hartford Financial Services Group, Inc		6,120,290
	26,627		Loews Corp		1,296,202
	98,755		Marsh & McLennan Cos, Inc		7,699,927
	46,413		Principal Financial Group		3,098,068
	243,434		Progressive Corp		11,473,044
	156,152		Prudential Financial, Inc		17,681,091
	200		Reinsurance Group of America, Inc (Class A)		28,040
	10,711		RenaissanceRe Holdings Ltd		1,573,553
	3,347		Stewart Information Services Corp		131,537

70

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	128,444		Travelers Cos, Inc	$	16,452,392
			TOTAL INSURANCE		112,640,182
MATERIALS - 3.7%
	61,203		Air Products & Chemicals, Inc		8,700,006
	3,402		Albemarle Corp		393,952
	7,701		Aptargroup, Inc		623,242
	11,035		Avery Dennison Corp		1,025,482
	47,334		Ball Corp		1,983,295
	791		Bemis Co, Inc		33,515
	2,310		Carpenter Technology Corp		93,393
	17,130		Celanese Corp (Series A)		1,647,392
	31,721	*	Century Aluminum Co		532,278
	1,826	*	Clearwater Paper Corp		89,748
	46,693		Commercial Metals Co		868,490
	1,709	e	Compass Minerals International, Inc		118,006
	14,217		Eastman Chemical Co		1,182,286
	122,126		Ecolab, Inc		16,080,331
	2,950	*	Ferro Corp		56,758
	12,034	*,e	Flotek Industries, Inc		101,326
	17,798		H.B. Fuller Co		916,953
	1,039		Hawkins, Inc		46,703
	1,809		Innophos Holdings, Inc		75,562
	3,111		International Flavors & Fragrances, Inc		414,323
	99,782		International Paper Co		5,486,014
	18,346	*	Kraton Polymers LLC		682,471
	22,260	*	Louisiana-Pacific Corp		558,949
	81,709		LyondellBasell Industries AF S.C.A		7,361,164
	14,012		Minerals Technologies, Inc		992,050
	45,313		Mosaic Co		1,093,856
	205,346		Nucor Corp		11,842,304
	3,500		PolyOne Corp		128,030
	7,823		PPG Industries, Inc		823,371
	118,223		Praxair, Inc		15,387,906
	274		Quaker Chemical Corp		38,872
	2,337		Reliance Steel & Aluminum Co		169,105
	55,648		Royal Gold, Inc		4,822,456
	4,126		Schnitzer Steel Industries, Inc (Class A)		106,451
	6,530		Sealed Air Corp		284,120
	15,560		Sherwin-Williams Co		5,247,921
	17,414	*	Summit Materials, Inc		495,254
	16,409		Trinseo S.A.		1,153,553
	1,210		United States Lime & Minerals, Inc		98,276
	13,175	*,e	US Concrete, Inc		1,032,261
	67,182		WestRock Co		3,857,590
	16,207	*	Worthington Industries, Inc		821,209
			TOTAL MATERIALS		97,466,224
MEDIA - 3.3%
	711		Cable One, Inc		540,289
	58,101	*	Charter Communications, Inc		22,770,363
	8,053		Cinemark Holdings, Inc		313,262
	40,660		Clear Channel Outdoor Holdings, Inc (Class A)		206,146

71

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	146,657	*	Discovery Communications, Inc (Class A)	$	3,607,762
	197,556	*	Discovery Communications, Inc (Class C)		4,569,470
	17,913	e	Entercom Communications Corp (Class A)		176,443
	58,359		Entravision Communications Corp (Class A)		379,333
	3,930	*	Gray Television, Inc		58,557
	2,205		John Wiley & Sons, Inc (Class A)		121,826
	58,591		New York Times Co (Class A)		1,113,229
	320		Scholastic Corp		13,258
	9,465		Scripps Networks Interactive (Class A)		827,336
	23,476		Sinclair Broadcast Group, Inc (Class A)		846,310
	209,438		Time Warner, Inc		21,450,640
	282,067		Walt Disney Co		31,007,625
			TOTAL MEDIA		88,001,849
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.9%
	52,912	*	Acadia Pharmaceuticals, Inc		1,575,190
	150,551		Agilent Technologies, Inc		9,001,444
	2,122	*	Agios Pharmaceuticals, Inc		118,705
	56,815	*	Akorn, Inc		1,910,120
	152,387		Amgen, Inc		26,593,055
	30,743	*,e	Bellicum Pharmaceuticals, Inc		325,261
	49,142	*	BioCryst Pharmaceuticals, Inc		251,116
	31,596	*	Biogen Idec, Inc		9,149,886
	38,322	*	BioMarin Pharmaceutical, Inc		3,361,989
	4,125	*	Bluebird Bio, Inc		388,781
	393,234		Bristol-Myers Squibb Co		22,375,015
	177,265	*	Celgene Corp		24,003,454
	75,151	*,e	Celldex Therapeutics, Inc		172,096
	54,208	*	Cempra, Inc		216,832
	26,284	*	Chimerix, Inc		130,631
	14,841	*	Coherus Biosciences, Inc		193,675
	18,378	*,e	Collegium Pharmaceutical, Inc		219,985
	64,573	*	Depomed, Inc		665,748
	14,670	*	FibroGen, Inc		500,981
	315,015		Gilead Sciences, Inc		23,969,491
	6,313	*	Halozyme Therapeutics, Inc		80,049
	12,213	*,e	Inovio Pharmaceuticals, Inc		67,904
	18,561	*	Intersect ENT, Inc		508,571
	48,629	*	Iovance Biotherapeutics, Inc		284,480
	375,835		Johnson & Johnson		49,880,821
	476,372		Merck & Co, Inc		30,430,643
	145,197	e	Merrimack Pharmaceuticals, Inc		193,112
	870	*	Mettler-Toledo International, Inc		498,580
	42,183	*,e	MiMedx Group, Inc		631,058
	65,348	*	Nektar Therapeutics		1,426,547
	89,462	*,e	Opko Health, Inc		577,030
	59,572	*,e	Organovo Holdings, Inc		139,398
	57,915	*	Prestige Brands Holdings, Inc		3,105,981
	80,041	*	Progenics Pharmaceuticals, Inc		482,647
	9,644	*	Quintiles Transnational Holdings, Inc		873,264
	44,020	*	Sangamo Biosciences, Inc		378,572
	25,577	*,e	Sucampo Pharmaceuticals, Inc (Class A)		277,510
	6,060	*	TESARO, Inc		773,620

72

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	25,761	*,e	Theravance Biopharma, Inc	$	827,701
	55,139	*	Vertex Pharmaceuticals, Inc		8,371,203
	4,374	*	Waters Corp		758,627
	189,024		Zoetis, Inc		11,817,780
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		237,508,553
REAL ESTATE - 4.0%
	11,117	*,e	Altisource Portfolio Solutions S.A.		290,043
	23,462		American Campus Communities, Inc		1,124,768
	142,743		American Tower Corp		19,460,153
	48,024		Boston Properties, Inc		5,806,582
	9,688		Brixmor Property Group, Inc		189,788
	17,071		CatchMark Timber Trust Inc		196,487
	100,412	e	CBL & Associates Properties, Inc		882,621
	55,708	*	CBRE Group, Inc		2,116,347
	17,160		Coresite Realty		1,863,233
	8,358		Douglas Emmett, Inc		319,777
	58,576		Duke Realty Corp		1,674,688
	19,598		Easterly Government Properties, Inc		391,764
	36,556		Equinix, Inc		16,476,886
	3,961		Federal Realty Investment Trust		525,347
	33,420		First Industrial Realty Trust, Inc		1,019,978
	12,660		Forest City Realty Trust, Inc		308,651
	540		Franklin Street Properties Corp		5,708
	204,267		HCP, Inc		6,465,051
	74,061		Healthcare Realty Trust, Inc		2,466,231
	108,968		Host Marriott Corp		2,033,343
	16,291	*	Howard Hughes Corp		2,049,463
	50,982		Iron Mountain, Inc		1,857,274
	42,240	*,e	iStar Financial, Inc		504,768
	8		Jones Lang LaSalle, Inc		1,018
	266		Kilroy Realty Corp		18,463
	15,135		Liberty Property Trust		635,973
	20,078		Macerich Co		1,152,276
	17,343		NorthStar Realty Europe Corp		223,898
	4,166		Paramount Group, Inc		68,197
	26,064		Parkway, Inc		599,733
	540		Piedmont Office Realty Trust, Inc		11,345
	129,304		Prologis, Inc		7,862,976
	140		PS Business Parks, Inc		18,824
	22,163		QTS Realty Trust, Inc		1,185,056
	2,009		RMR Group, Inc		98,140
	34,553	*	SBA Communications Corp		4,752,765
	8,006		Senior Housing Properties Trust		155,717
	10,081		Tier REIT, Inc		186,297
	23,637		UDR, Inc		923,970
	55,605		Vornado Realty Trust		4,412,257
	297		Washington REIT		9,929
	205,082		Welltower, Inc		15,050,968
	14,848		Weyerhaeuser Co		490,281
			TOTAL REAL ESTATE		105,887,034

73

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
RETAILING - 4.3%
	40,838	*	1-800-FLOWERS.COM, Inc (Class A)	$	394,087
	2,432		Aaron's, Inc		112,553
	3,737		Advance Auto Parts, Inc		418,581
	53,182		Best Buy Co, Inc		3,102,638
	21,529	e	Big 5 Sporting Goods Corp		231,437
	250	e	Buckle, Inc		4,275
	16,603	*	Cabela's, Inc		946,039
	37,531	*	Carmax, Inc		2,486,429
	9		Chico's FAS, Inc		82
	109,981		Dollar General Corp		8,266,172
	42,985	*	Etsy, Inc		617,694
	1,820		Finish Line, Inc (Class A)		25,043
	5,625		Foot Locker, Inc		265,444
	7,586	*	Francesca's Holdings Corp		73,812
	26,852	*	FTD Cos, Inc		527,642
	106,784		Gap, Inc		2,544,663
	384,472	*	Groupon, Inc		1,445,615
	18,815		Haverty Furniture Cos, Inc		418,634
	19,067		HSN, Inc		756,006
	15,620	*	Kirkland's, Inc		146,047
	93,965		Kohl's Corp		3,885,453
	13,519	*	Lands' End, Inc		182,506
	7,610	*	LKQ Corp		263,002
	241,860		Lowe's Companies, Inc		18,719,964
	4,455	*	MarineMax, Inc		66,602
	114,568	*	NetFlix, Inc		20,812,423
	26,766	e	Nordstrom, Inc		1,300,025
	26,034		Nutri/System, Inc		1,451,395
	96,086		Office Depot, Inc		564,025
	15,827	*	Overstock.com, Inc		253,232
	28,736	e	PetMed Express, Inc		1,366,109
	11,736	*	Priceline.com, Inc		23,806,476
	3,380	e	Rent-A-Center, Inc		44,684
	141,284		Ross Stores, Inc		7,815,831
	5,448	*	Sally Beauty Holdings, Inc		110,213
	12,547		Shoe Carnival, Inc		229,108
	39,901	*	Shutterfly, Inc		1,956,745
	6,435		Tiffany & Co		614,607
	15,754		Tractor Supply Co		884,114
	17,401	*	Ulta Beauty, Inc		4,371,305
	17,585	*	Vitamin Shoppe, Inc		193,435
	43,683	*	Wayfair, Inc		3,335,197
	7,516		Williams-Sonoma, Inc		348,968
	860		Winmark Corp		114,423
	5,569	*	Zumiez, Inc		70,726
			TOTAL RETAILING		115,543,461
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.8%
	43,692		Analog Devices, Inc		3,452,105
	370,536		Applied Materials, Inc		16,418,450
	11,151	*	Cirrus Logic, Inc		685,118
	24,001	*	Integrated Device Technology, Inc		627,386

74

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	806,543		Intel Corp	$	28,608,080
	12,327		Lam Research Corp		1,965,663
	23,463		Microchip Technology, Inc		1,877,979
	108,037		NVIDIA Corp		17,557,093
	217,373	*	ON Semiconductor Corp		3,249,726
	43,222		Skyworks Solutions, Inc		4,532,691
	36,870	*,e	SunPower Corp		410,732
	256,653		Texas Instruments, Inc		20,886,421
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		100,271,444
SOFTWARE & SERVICES - 12.9%
	166,906		Accenture plc		21,500,831
	25,826	*	Actua Corp		348,651
	37,833	*	Alphabet, Inc (Class A)		35,771,102
	38,473	*	Alphabet, Inc (Class C)		35,799,126
	40,003	*,e	Angie's List, Inc		479,236
	687	*	Aspen Technology, Inc		39,070
	33,711	*	Autodesk, Inc		3,734,842
	114,577		Automatic Data Processing, Inc		13,624,351
	14,362	*,e	Black Knight Financial Services, Inc		610,385
	12,432		Blackbaud, Inc		1,147,971
	26,141		Booz Allen Hamilton Holding Co		896,636
	29,106	*	Brightcove, Inc		195,010
	92,122		CA, Inc		2,859,467
	4,684	*,e	Cimpress NV		413,316
	16,964	*	Citrix Systems, Inc		1,339,817
	229,143		Cognizant Technology Solutions Corp (Class A)		15,884,193
	11,169		Convergys Corp		267,721
	18,210		CSG Systems International, Inc		752,984
	11,712		CSRA, Inc		381,928
	6,603	*	Dell Technologies, Inc-VMware Inc		424,375
	17,864	*	Ellie Mae, Inc		1,558,098
	6,786	*	ExlService Holdings, Inc		390,534
	170,588		International Business Machines Corp		24,678,966
	55,388		Intuit, Inc		7,599,787
	42,111		j2 Global, Inc		3,563,854
	38,640		LogMeIn, Inc		4,499,628
	203,153		MasterCard, Inc (Class A)		25,962,953
	939,685	d	Microsoft Corp		68,315,100
	32,809	*	NeuStar, Inc (Class A)		1,095,821
	20,573	*	New Relic, Inc		966,108
	546,825		Oracle Corp		27,302,972
	29,033	*	Perficient, Inc		545,820
	27,258	*	Qualys, Inc		1,094,409
	80,699	*	Quotient Technology, Inc		936,108
	24,564	*	RingCentral, Inc		854,827
	215,046	*	salesforce.com, Inc		19,526,177
	72,051	*	ServiceSource International LLC		273,794
	14,735	*	SPS Commerce, Inc		851,683
	32,068	*	Square, Inc		844,992
	24,141	*	Sykes Enterprises, Inc		820,794
	167,300		Symantec Corp		5,184,627
	3,876		Syntel, Inc		75,543

75

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	8,168	*	Teradata Corp	$	259,906
	2,916		TiVo Corp		57,154
	63,219	*,e	Twilio, Inc		1,844,098
	9,913	*,e	Ultimate Software Group, Inc		2,237,463
	4,890	*,e	Unisys Corp		62,592
	5,290	*	Vasco Data Security International		71,415
	38,231	*	Website Pros, Inc		839,170
	55,836	*	Workday, Inc		5,701,414
			TOTAL SOFTWARE & SERVICES		344,486,819
TECHNOLOGY HARDWARE & EQUIPMENT - 3.8%
	4,709		Badger Meter, Inc		213,082
	1,070		Belden CDT, Inc		76,976
	34,101	*	Benchmark Electronics, Inc		1,147,499
	7,451	*	Calix, Inc		51,039
	887,467		Cisco Systems, Inc		27,910,837
	47,886		Cognex Corp		4,552,043
	14,904	*	Coherent, Inc		3,949,560
	165,265		Corning, Inc		4,815,822
	45,387	*	Cray, Inc		934,972
	19,273		CTS Corp		424,006
	22,592		Daktronics, Inc		220,950
	30,626		Dolby Laboratories, Inc (Class A)		1,584,895
	41,073	*	Fabrinet		1,848,696
	10,216	*	FARO Technologies, Inc		403,532
	40,091	*	Finisar Corp		1,091,277
	328,928		Hewlett Packard Enterprise Co		5,759,529
	618,202		HP, Inc		11,807,658
	11,733	*	Insight Enterprises, Inc		475,421
	182		InterDigital, Inc		13,259
	11,694	*	IPG Photonics Corp		1,784,972
	19,750	*	Itron, Inc		1,441,750
	115,975		Jabil Circuit, Inc		3,537,237
	15,930	*	Keysight Technologies, Inc		662,529
	17,293	*	Kimball Electronics, Inc		336,349
	4,387		Littelfuse, Inc		790,450
	1,021	*	Lumentum Holdings, Inc		63,915
	6,814		Methode Electronics, Inc		270,857
	75,484		Motorola, Inc		6,844,889
	417		National Instruments Corp		17,155
	19,428	*	Novanta, Inc		716,893
	500	*	OSI Systems, Inc		39,985
	1,971	*	Plexus Corp		105,665
	5,513	*	Rogers Corp		650,369
	30,336	*	Sanmina Corp		1,087,546
	15,473	*	Scansource, Inc		612,731
	13,761	*	Sonus Networks, Inc		93,988
	23,806	*	Super Micro Computer, Inc		639,191
	8,554		SYNNEX Corp		1,017,242
	11,298	*	Tech Data Corp		1,156,915
	25,198	*	Trimble Navigation Ltd		943,161
	40,772	*	TTM Technologies, Inc		708,617
	25,816		Universal Display Corp		3,113,410

76

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	200,205		Xerox Corp	$	6,140,287
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		100,057,156
TELECOMMUNICATION SERVICES - 1.9%
	35,353	*	Boingo Wireless, Inc		524,285
	345,880	e	CenturyLink, Inc		8,048,628
	5,262		Consolidated Communications Holdings, Inc		94,716
	16,965	*	General Communication, Inc (Class A)		723,896
	3,026		IDT Corp (Class B)		44,815
	67,259	*,e	Iridium Communications, Inc		669,227
	50,185	*	Level 3 Communications, Inc		2,944,856
	7,156	*	Lumos Networks Corp		128,164
	564,003	*	Sprint Corp		4,500,744
	697,189		Verizon Communications, Inc		33,743,948
			TOTAL TELECOMMUNICATION SERVICES		51,423,279
TRANSPORTATION - 2.6%
	158		Allegiant Travel Co		20,422
	310		Arkansas Best Corp		8,618
	197,780		CSX Corp		9,758,465
	152,360		Delta Air Lines, Inc		7,520,490
	8		Expeditors International of Washington, Inc		471
	61,930	*,e	Hertz Global Holdings, Inc		846,583
	180		Landstar System, Inc		14,967
	61,462		Norfolk Southern Corp		6,919,392
	9		Ryder System, Inc		655
	179,530		Southwest Airlines Co		9,965,710
	151,075		Union Pacific Corp		15,554,682
	172,928		United Parcel Service, Inc (Class B)		19,072,229
			TOTAL TRANSPORTATION		69,682,684
UTILITIES - 3.1%
	12,632		American Water Works Co, Inc		1,024,455
	91,114		Centerpoint Energy, Inc		2,568,504
	180,018		Consolidated Edison, Inc		14,916,291
	134,463		Dominion Resources, Inc		10,377,854
	25,001		Edison International		1,967,079
	134,706		Eversource Energy		8,188,778
	13,718		New Jersey Resources Corp		578,214
	290		Ormat Technologies, Inc		17,197
	43,640		Public Service Enterprise Group, Inc		1,962,491
	97,254		Sempra Energy		10,990,674
	37,448		South Jersey Industries, Inc		1,272,109
	275,957		Southern Co		13,226,619
	104,830		WEC Energy Group, Inc		6,601,145
	14,518		WGL Holdings, Inc		1,244,483
	161,548		Xcel Energy, Inc		7,642,836
			TOTAL UTILITIES		82,578,729
			TOTAL COMMON STOCKS		2,653,121,914
			(Cost $1,777,979,205)

77

TIAA-CREF FUNDS - Social Choice Equity Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE		VALUE
SHORT-TERM INVESTMENTS - 1.4%
GOVERNMENT AGENCY DEBT - 0.6%
$	16,700,000		Federal Home Loan Bank (FHLB)		0.700	%	08/01/17	$	16,700,000
			TOTAL GOVERNMENT AGENCY DEBT						16,700,000
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 0.8%
GOVERNMENT AGENCY DEBT - 0.8%
	20,000,000	c	Federal Home Loan Bank (FHLB)		0.900	%	08/03/17		19,999,380
			TOTAL GOVERNMENT AGENCY DEBT						19,999,380
TREASURY DEBT - 0.0%
	2,000,000	c	United States Treasury Bill		0.950	%	08/10/17		1,999,737
			TOTAL TREASURY DEBT						1,999,737
			TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED						21,999,117
			TOTAL SHORT-TERM INVESTMENTS						38,699,117
			(Cost $38,698,525)
			TOTAL INVESTMENTS - 100.9%						2,691,821,031
			(Cost $1,816,677,730)
			OTHER ASSETS & LIABILITIES, NET - (0.9)%						(25,315,897	)
			NET ASSETS - 100.0%					$	2,666,505,134

	Abbreviation(s):
	REIT     Real Estate Investment Trust
*	Non-income producing
c	Investment made with cash collateral received from securities on loan.
d	All or a portion of these securities have been segregated to cover margin requirements on open futures transactions.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $36,736,901.
m	Indicates a security that has been deemed illiquid.

78

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

TIAA-CREF FUNDS

SOCIAL CHOICE LOW CARBON EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.1%
AUTOMOBILES & COMPONENTS - 1.0%
	247	*	Cooper-Standard Holding, Inc	$	25,258
	1,053		Delphi Automotive plc		95,212
	30,239		Ford Motor Co		339,282
	886	*	Tesla, Inc		286,595
			TOTAL AUTOMOBILES & COMPONENTS		746,347
BANKS - 5.6%
	572		Bank Mutual Corp		5,691
	315		Bank of the Ozarks, Inc		13,592
	226		BankUnited		7,779
	9,663		BB&T Corp		457,253
	183		Camden National Corp		7,686
	2,995		CIT Group, Inc		142,712
	9,377		Citizens Financial Group, Inc		328,945
	2,574		Comerica, Inc		186,126
	497	*	Customers Bancorp, Inc		14,835
	108		East West Bancorp, Inc		6,154
	129		Federal Agricultural Mortgage Corp (Class C)		8,844
	10,790		Fifth Third Bancorp		288,093
	119		First Commonwealth Financial Corp		1,551
	81		First Financial Corp		3,730
	869		First Republic Bank		87,187
	494		Flushing Financial Corp		14,094
	31		Hanmi Financial Corp		888
	414	*	HomeStreet, Inc		10,868
	236	*	HomeTrust Bancshares, Inc		5,699
	14,226		Keycorp		256,637
	611		LegacyTexas Financial Group, Inc		23,658
	262		Live Oak Bancshares, Inc		6,616
	2,314		M&T Bank Corp		377,529
	940	*	MGIC Investment Corp		10,970
	130		National Bank Holdings Corp		4,437
	6,623		New York Community Bancorp, Inc		86,960
	596		OFG Bancorp		5,990
	230		Opus Bank		5,474
	1,724		PacWest Bancorp		82,786
	1,299		Pinnacle Financial Partners, Inc		83,006
	4,497		PNC Financial Services Group, Inc		579,214
	22,455		Regions Financial Corp		327,843
	189		Sun Bancorp, Inc		4,602
	752	*	SVB Financial Group		134,187
	589	*	Texas Capital Bancshares, Inc		46,148
	630	*	The Bancorp, Inc		4,882
	356	*	Tristate Capital Holdings, Inc		8,188

79

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	47		Union Bankshares Corp	$	1,452
	900		United Financial Bancorp, Inc (New)		16,281
	11,845		US Bancorp		625,179
	2,925		Zions Bancorporation		132,561
			TOTAL BANKS		4,416,327
CAPITAL GOODS - 8.3%
	3,650		3M Co		734,270
	457		Acuity Brands, Inc		92,611
	1,659		Air Lease Corp		65,663
	1,675		Ametek, Inc		103,147
	217		Argan, Inc		13,986
	1,123	*	Builders FirstSource, Inc		17,597
	895		Carlisle Cos, Inc		87,343
	4,986		Caterpillar, Inc		568,155
	541	*	Chart Industries, Inc		18,394
	1,803		Chicago Bridge & Iron Co NV		33,788
	1,022		Cummins, Inc		171,594
	3,481		Deere & Co		446,543
	1,053	*	DigitalGlobe, Inc		36,750
	93		Dover Corp		7,812
	239	*	DXP Enterprises, Inc		6,833
	5,193		Eaton Corp		406,352
	271		EMCOR Group, Inc		18,293
	519	*	Esterline Technologies Corp		50,084
	441		Fastenal Co		18,945
	517		Granite Construction, Inc		25,343
	556		H&E Equipment Services, Inc		12,549
	427	*	Herc Holdings, Inc		19,377
	1,535		Hexcel Corp		78,546
	3,090		Illinois Tool Works, Inc		434,794
	1,293		Ingersoll-Rand plc		113,629
	8,033		Johnson Controls International plc		312,885
	474		Kaman Corp		24,231
	1,236		Kennametal, Inc		45,608
	1,603	*	KEYW Holding Corp, The		14,155
	1,089		L3 Technologies, Inc		190,542
	1,972		Masco Corp		75,192
	227	*	MYR Group, Inc		7,221
	877	*	Navistar International Corp		26,985
	103	*	NOW, Inc		1,641
	1,726		Owens Corning, Inc		115,728
	889		PACCAR, Inc		60,852
	1,492		Parker-Hannifin Corp		247,642
	735		Pentair plc		46,357
	3,941	*	Plug Power, Inc		8,907
	2,387	*	Quanta Services, Inc		80,514
	439		Rockwell Automation, Inc		72,448
	3,171		Rockwell Collins, Inc		337,807
	1,325		Roper Industries, Inc		308,010
	1,253	*	Sensata Technologies Holding BV		56,535
	457		Snap-On, Inc		70,469
	943		Stanley Works		132,671

80

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	624	*	Teledyne Technologies, Inc	$	85,076
	245	*	Titan Machinery, Inc		4,373
	796		TransDigm Group, Inc		224,583
	766		Triton International Ltd		27,622
	1,095	*	United Rentals, Inc		130,261
	203	*	Veritiv Corp		7,541
	537		W.W. Grainger, Inc		89,539
	1,667	*	Wesco Aircraft Holdings, Inc		18,087
	90	*	WESCO International, Inc		4,613
	777		Woodward Governor Co		54,343
	1,197		Xylem, Inc		67,906
			TOTAL CAPITAL GOODS		6,532,742
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%
	590	*	Advisory Board Co		33,158
	1,962	*	Copart, Inc		61,783
	556		Essendant, Inc		6,939
	260		Heidrick & Struggles International, Inc		4,706
	278	*	ICF International, Inc		12,579
	2,738	*	IHS Markit Ltd		127,728
	81		Insperity, Inc		6,116
	7		Kforce, Inc		131
	1,550	*,m	Media General, Inc		0
	711	*	RPX Corp		9,719
	1,238		RR Donnelley & Sons Co		15,302
	236	*	SP Plus Corp		7,717
	516	*	Team, Inc		7,405
	40	*	TrueBlue, Inc		1,022
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		294,305
CONSUMER DURABLES & APPAREL - 1.3%
	914		CalAtlantic Group, Inc		32,082
	256	*	Century Communities, Inc		6,631
	143		CSS Industries, Inc		3,828
	718	*	Fossil Group, Inc		8,078
	397	*	Green Brick Partners, Inc		4,466
	1,159		Hanesbrands, Inc		26,564
	5		Hasbro, Inc		529
	328		Libbey, Inc		2,952
	3,042		Newell Rubbermaid, Inc		160,374
	10,402		Nike, Inc (Class B)		614,238
	144	*	Under Armour, Inc		2,608
	185	*	Under Armour, Inc (Class A)		3,704
	1,816		VF Corp		112,937
	74		Weyco Group, Inc		2,063
	299		Whirlpool Corp		53,186
			TOTAL CONSUMER DURABLES & APPAREL		1,034,240
CONSUMER SERVICES - 2.5%
	214	*	American Public Education, Inc		4,558
	176	*	Bright Horizons Family Solutions		13,906
	772	*	Caesars Acquisition Co		14,977
	195		Carriage Services, Inc		4,756

81

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	308		DineEquity, Inc	$	12,671
	2,240		Hilton Worldwide Holdings, Inc		140,067
	203	*	Intrawest Resorts Holdings Inc		4,821
	4,801		McDonald's Corp		744,827
	102	*	Red Robin Gourmet Burgers, Inc		6,100
	1,664		Royal Caribbean Cruises Ltd		188,148
	1,636	*	ServiceMaster Global Holdings, Inc		71,918
	26		Six Flags Entertainment Corp		1,479
	188	*	Sotheby's (Class A)		10,639
	10,109		Starbucks Corp		545,684
	555		Vail Resorts, Inc		116,972
	110	*	Weight Watchers International, Inc		3,940
	464		Wyndham Worldwide Corp		48,428
			TOTAL CONSUMER SERVICES		1,933,891
DIVERSIFIED FINANCIALS - 5.7%
	3,269		Ally Financial, Inc		74,010
	6,619		American Express Co		564,137
	523		Ameriprise Financial, Inc		75,772
	11,200		Annaly Capital Management, Inc		134,736
	10,141		Bank of New York Mellon Corp		537,777
	1,082		BlackRock, Inc		461,505
	11,879		Charles Schwab Corp		509,609
	3,068		Chimera Investment Corp		57,740
	3,004		CME Group, Inc		368,351
	3,787		Discover Financial Services		230,780
	520		Dynex Capital, Inc		3,593
	858	*	E*TRADE Financial Corp		35,178
	375	*	Encore Capital Group, Inc		15,038
	6,405		IntercontinentalExchange Group, Inc		427,278
	1,221		Invesco Ltd		42,454
	1,535		Legg Mason, Inc		61,415
	189		LPL Financial Holdings, Inc		8,649
	378		Moody's Corp		49,756
	544		NewStar Financial, Inc		5,951
	562		Northern Trust Corp		49,181
	643	*	On Deck Capital, Inc		2,765
	395	*	Pico Holdings, Inc		6,419
	460	*	PRA Group, Inc		18,032
	1,631		S&P Global, Inc		250,505
	292		Starwood Property Trust, Inc		6,436
	2,918		State Street Corp		272,045
	82		T Rowe Price Group, Inc		6,783
	1,780		TD Ameritrade Holding Corp		81,399
	2,395		Voya Financial, Inc		93,980
			TOTAL DIVERSIFIED FINANCIALS		4,451,274
ENERGY - 5.0%
	4,263	*	Andeavor		424,296
	1,188		Archrock, Inc		13,009
	2,526	*	Atwood Oceanics, Inc		19,854
	9,320		Baker Hughes a GE Co		343,815
	913		Bristow Group, Inc		6,729

82

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	238	*	CARBO Ceramics, Inc	$	1,683
	4,757	*	Cheniere Energy, Inc		215,016
	4,494	*	Clean Energy Fuels Corp		11,774
	1,385		Delek US Holdings, Inc		36,162
	669	*	Dril-Quip, Inc		29,837
	566	*	Exterran Corp		15,673
	5,161	*	Fairmount Santrol Holdings, Inc		15,070
	1,227	*	Forum Energy Technologies, Inc		16,258
	879		Frank's International NV		7,120
	636		Green Plains Renewable Energy, Inc		12,561
	4,679	*	Helix Energy Solutions Group, Inc		30,601
	864	*	Matrix Service Co		8,942
	4,996	*	McDermott International, Inc		33,823
	6,853		National Oilwell Varco, Inc		224,162
	413	*	Natural Gas Services Group, Inc		10,304
	2,479	*	Newpark Resources, Inc		20,700
	1,706		Oceaneering International, Inc		43,759
	854	*	Oil States International, Inc		21,222
	6,952		Oneok, Inc		393,275
	4,421	*	Parker Drilling Co		5,305
	1,891		PBF Energy, Inc		43,058
	6,007		Phillips 66		503,086
	1,253	*	Renewable Energy Group, Inc		15,663
	233	*	RigNet, Inc		4,415
	3,841	*	Rowan Cos plc		44,825
	954		RPC, Inc		19,757
	9,840		Schlumberger Ltd		675,024
	259	*	SEACOR Holdings, Inc		8,829
	653	*	Tesco Corp		3,004
	3,769	*	Tetra Technologies, Inc		10,591
	1,441		US Silica Holdings Inc		41,976
	7,143		Valero Energy Corp		492,653
	16,863	*	Weatherford International Ltd		75,209
	1,189		World Fuel Services Corp		38,452
			TOTAL ENERGY		3,937,492
FOOD & STAPLES RETAILING - 0.7%
	697		Casey's General Stores, Inc		74,405
	652	*	Chefs' Warehouse Holdings, Inc		9,454
	1,264	*	Performance Food Group Co		36,403
	393		Pricesmart, Inc		33,110
	386	*	Smart & Final Stores, Inc		3,320
	632		Spartan Stores, Inc		17,532
	2,405	*	Sprouts Farmers Market, Inc		57,888
	895	*	United Natural Foods, Inc		34,484
	2,375	*	US Foods Holding Corp		66,856
	170		Weis Markets, Inc		8,043
	4,844		Whole Foods Market, Inc		202,286
			TOTAL FOOD & STAPLES RETAILING		543,781
FOOD, BEVERAGE & TOBACCO - 4.7%
	533	*	Amplify Snack Brands, Inc		5,575
	1,666		Bunge Ltd		130,598

83

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	299		Campbell Soup Co	$	15,796
	20,014		Coca-Cola Co		917,442
	3,116		Dr Pepper Snapple Group, Inc		284,054
	309	*	Freshpet, Inc		5,268
	5,138		General Mills, Inc		285,981
	87	*	Hain Celestial Group, Inc		3,890
	3,328		Hormel Foods Corp		113,718
	1,378		Kellogg Co		93,704
	5,908		Kraft Heinz Co		516,714
	351	*	Landec Corp		4,317
	10,330		Mondelez International, Inc		454,727
	288		Omega Protein Corp		4,608
	7,579		PepsiCo, Inc		883,787
	81	*	Seneca Foods Corp		2,325
			TOTAL FOOD, BEVERAGE & TOBACCO		3,722,504
HEALTH CARE EQUIPMENT & SERVICES - 4.9%
	239	*	Abiomed, Inc		35,394
	1,028	*	Acadia Healthcare Co, Inc		54,412
	1,332	*	Accuray, Inc		5,661
	407		Aceto Corp		6,870
	1,307	*	Alere, Inc		65,860
	557	*	Align Technology, Inc		93,147
	2,208	*	Allscripts Healthcare Solutions, Inc		27,181
	171	*	American Renal Associates Holdings, Inc		2,924
	2,011		AmerisourceBergen Corp		188,672
	43	*	AMN Healthcare Services, Inc		1,587
	332	*	Angiodynamics, Inc		5,395
	2,193		Anthem, Inc		408,359
	433	*	athenahealth, Inc		59,893
	2,518		Becton Dickinson & Co		507,125
	2,394	*	Brookdale Senior Living, Inc		33,995
	433	*	Capital Senior Living Corp		5,975
	3,486		Cardinal Health, Inc		269,328
	759	*	Centene Corp		60,280
	1,435	*	Cerus Corp		3,243
	2,213		Cigna Corp		384,088
	162		Computer Programs & Systems, Inc		4,965
	594	*	Cross Country Healthcare, Inc		6,985
	1,654		Dentsply Sirona, Inc		102,598
	331	*	Diplomat Pharmacy, Inc		5,253
	2,205	*	Edwards Lifesciences Corp		253,972
	1,450	*	Endologix, Inc		7,091
	1,771	*	Envision Healthcare Corp		99,938
	570	*	GenMark Diagnostics, Inc		6,743
	96	*	Globus Medical, Inc		2,952
	2,079	*	HCA Holdings, Inc		167,027
	295		Healthsouth Corp		12,555
	63	*	Henry Schein, Inc		11,479
	3,700	*	Hologic, Inc		163,577
	982		Humana, Inc		227,038
	544	*	Idexx Laboratories, Inc		90,554
	497	*	Integer Holding Corp		22,763

84

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	1,097		Kindred Healthcare, Inc	$	9,818
	900	*	Laboratory Corp of America Holdings		143,019
	198	*	LHC Group, Inc		11,464
	604	*	LifePoint Hospitals, Inc		35,878
	62	*	LivaNova plc		3,778
	476	*	MEDNAX, Inc		22,362
	20	*	Merit Medical Systems, Inc		820
	479	*	Omnicell, Inc		23,758
	765	*	OraSure Technologies, Inc		13,418
	69	*	Penumbra, Inc		5,634
	373	*	PharMerica Corp		9,381
	118	*	Quality Systems, Inc		2,018
	638		Quest Diagnostics, Inc		69,102
	30	*	Quidel Corp		960
	144		Resmed, Inc		11,105
	241	*	Staar Surgical Co		2,470
	315	*	Surgery Partners, Inc		6,253
	294	*	Teladoc, Inc		9,643
	150	*	Triple-S Management Corp (Class B)		2,322
	602	*	Varian Medical Systems, Inc		58,466
	122	*	VCA Antech, Inc		11,295
	335	*	Vocera Communications, Inc		9,135
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		3,866,978
HOUSEHOLD & PERSONAL PRODUCTS - 2.3%
	14		Clorox Co		1,869
	6,682		Colgate-Palmolive Co		482,441
	144		Estee Lauder Cos (Class A)		14,255
	1,990		Kimberly-Clark Corp		245,088
	96		Natural Health Trends Corp		2,364
	11,682		Procter & Gamble Co		1,060,959
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		1,806,976
INSURANCE - 4.5%
	1,192		Aflac, Inc		95,062
	4,796		Allstate Corp		436,436
	8,620		American International Group, Inc		564,179
	443		Aon plc		61,209
	3,833		Chubb Ltd		561,381
	1,126	*	Genworth Financial, Inc (Class A)		3,862
	1,597		Hartford Financial Services Group, Inc		87,835
	694		Lincoln National Corp		50,704
	4,307		Loews Corp		209,665
	4,501		Marsh & McLennan Cos, Inc		350,943
	3,355		Progressive Corp		158,121
	4,613		Prudential Financial, Inc		522,330
	2,782		Travelers Cos, Inc		356,346
	1,552		XL Group Ltd		68,909
			TOTAL INSURANCE		3,526,982
MATERIALS - 3.5%
	1,654		Albemarle Corp		191,533
	2,283	*	Axalta Coating Systems Ltd		71,914

85

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	2,626		Ball Corp	$	110,029
	768	*	Berry Plastics Group, Inc		43,069
	554	*	Boise Cascade Co		16,814
	1,276		Celanese Corp (Series A)		122,713
	598		Compass Minerals International, Inc		41,292
	2,483		Eastman Chemical Co		206,486
	3,397		Ecolab, Inc		447,283
	856	*	Flotek Industries, Inc		7,208
	962	*	GCP Applied Technologies, Inc		29,149
	815		H.B. Fuller Co		41,989
	138		Hawkins, Inc		6,203
	264		International Flavors & Fragrances, Inc		35,160
	1,322		International Paper Co		72,684
	529	*	Kraton Polymers LLC		19,679
	332		Materion Corp		12,765
	562		Minerals Technologies, Inc		39,790
	8,561		Mosaic Co		206,663
	342		Myers Industries, Inc		5,814
	665	*	Omnova Solutions, Inc		6,251
	1,783		PPG Industries, Inc		187,661
	1,267		Reliance Steel & Aluminum Co		91,680
	1,150		Royal Gold, Inc		99,659
	467		Schnitzer Steel Industries, Inc (Class A)		12,049
	784		Scotts Miracle-Gro Co (Class A)		75,256
	2,410		Sealed Air Corp		104,859
	842		Sherwin-Williams Co		283,981
	783		Trinseo S.A.		55,045
	271	*	US Concrete, Inc		21,233
	727		WestRock Co		41,744
	705	*	Worthington Industries, Inc		35,722
			TOTAL MATERIALS		2,743,377
MEDIA - 3.1%
	1,647	*	Charter Communications, Inc		645,476
	166		Cinemark Holdings, Inc		6,457
	506		Clear Channel Outdoor Holdings, Inc (Class A)		2,566
	2,514	*	Discovery Communications, Inc (Class A)		61,844
	3,236	*	Discovery Communications, Inc (Class C)		74,849
	333		Entercom Communications Corp (Class A)		3,280
	943		Entravision Communications Corp (Class A)		6,130
	689		Gannett Co, Inc		6,180
	1,003	*	Gray Television, Inc		14,945
	143	*	Imax Corp		3,060
	119	*	Liberty Broadband Corp (Class C)		11,803
	789		National CineMedia, Inc		5,641
	1,208		Scripps Networks Interactive (Class A)		105,591
	1,087		Sinclair Broadcast Group, Inc (Class A)		39,186
	5,299		Time Warner, Inc		542,723
	146		Tribune Co		6,154
	8,300		Walt Disney Co		912,419
			TOTAL MEDIA		2,448,304

86

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.6%
	649	*	Acadia Pharmaceuticals, Inc	$	19,321
	152	*	Acceleron Pharma, Inc		4,887
	274	*	Aclaris Therapeutics, Inc		7,891
	249	*	Acorda Therapeutics, Inc		5,391
	966		Agilent Technologies, Inc		57,757
	65	*	Agios Pharmaceuticals, Inc		3,636
	1,019	*	Akorn, Inc		34,259
	4,318		Amgen, Inc		753,534
	436	*	Bellicum Pharmaceuticals, Inc		4,613
	1,366	*	BioCryst Pharmaceuticals, Inc		6,980
	1,242	*	Biogen Idec, Inc		359,671
	1,054	*	BioMarin Pharmaceutical, Inc		92,467
	197	*	Bluebird Bio, Inc		18,567
	11,714		Bristol-Myers Squibb Co		666,527
	5,179	*	Celgene Corp		701,288
	1,409	*	Celldex Therapeutics, Inc		3,227
	573	*	Cempra, Inc		2,292
	731	*	Chimerix, Inc		3,633
	600	*	Coherus Biosciences, Inc		7,830
	403	*	Collegium Pharmaceutical, Inc		4,824
	1,018	*	Depomed, Inc		10,496
	140	*	FibroGen, Inc		4,781
	182	*	Flexion Therapeutics Inc		4,150
	7,633		Gilead Sciences, Inc		580,795
	347	*	Inovio Pharmaceuticals, Inc		1,929
	350	*	Intersect ENT, Inc		9,590
	595	*	Intra-Cellular Therapies, Inc		6,884
	943	*	Iovance Biotherapeutics, Inc		5,517
	11,072		Johnson & Johnson		1,469,476
	70	*	Kite Pharma, Inc		7,589
	14,368		Merck & Co, Inc		917,828
	1,130		Merrimack Pharmaceuticals, Inc		1,503
	20	*	Mettler-Toledo International, Inc		11,462
	1,644	*	Nektar Therapeutics		35,888
	3,925	*	Opko Health, Inc		25,316
	1,508	*	Organovo Holdings, Inc		3,529
	416	*	Paratek Pharmaceuticals, Inc		8,091
	1,191	*	Progenics Pharmaceuticals, Inc		7,182
	31	*	Prothena Corp plc		1,915
	1,274	*	Quintiles Transnational Holdings, Inc		115,361
	334	*	Revance Therapeutics, Inc		7,598
	1,259	*	Sangamo Biosciences, Inc		10,827
	99	*	Sarepta Therapeutics, Inc		3,819
	58	*	Spark Therapeutics, Inc		4,118
	426	*	Sucampo Pharmaceuticals, Inc (Class A)		4,622
	731	*	Teligent, Inc		5,760
	216	*	TESARO, Inc		27,575
	681	*	Theravance Biopharma, Inc		21,880
	84	*	Ultragenyx Pharmaceutical, Inc		5,571
	262	*	Versartis, Inc		4,847
	1,486	*	Vertex Pharmaceuticals, Inc		225,604
	196	*	Waters Corp		33,994
	6,094		Zoetis, Inc		380,997
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		6,725,089

87

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
REAL ESTATE - 4.3%
	446		Alexandria Real Estate Equities, Inc	$	54,077
	164	*	Altisource Portfolio Solutions S.A.		4,279
	1,111		American Campus Communities, Inc		53,261
	3,965		American Tower Corp		540,548
	1,483		Boston Properties, Inc		179,310
	5,419		Brixmor Property Group, Inc		106,158
	85		Camden Property Trust		7,625
	649		CatchMark Timber Trust Inc		7,470
	2,890		CBL & Associates Properties, Inc		25,403
	37		CyrusOne, Inc		2,209
	4,210		Duke Realty Corp		120,364
	734		Equinix, Inc		330,836
	514		Federal Realty Investment Trust		68,172
	1,033		First Potomac Realty Trust		11,497
	2,232		Forest City Realty Trust, Inc		54,416
	4,263		HCP, Inc		134,924
	3,740		Host Marriott Corp		69,788
	80	*	Howard Hughes Corp		10,065
	2,463		Iron Mountain, Inc		89,727
	1,112	*	iStar Financial, Inc		13,288
	887		Kennedy-Wilson Holdings, Inc		17,829
	1,603		Macerich Co		91,996
	1,971		Paramount Group, Inc		32,265
	524		Parkway, Inc		12,057
	4,655		Prologis, Inc		283,071
	209		QTS Realty Trust, Inc		11,175
	1,322	*	SBA Communications Corp		181,841
	2,024		Senior Housing Properties Trust		39,367
	262	*	Tejon Ranch Co		5,497
	4,177		UDR, Inc		163,279
	2,506		Vornado Realty Trust		198,851
	1,999		Weingarten Realty Investors		64,888
	4,799		Welltower, Inc		352,199
	841		Weyerhaeuser Co		27,770
			TOTAL REAL ESTATE		3,365,502
RETAILING - 4.2%
	304	*	1-800-FLOWERS.COM, Inc (Class A)		2,934
	478		Advance Auto Parts, Inc		53,541
	2,413		Best Buy Co, Inc		140,774
	246		Big 5 Sporting Goods Corp		2,644
	756	*	Cabela's, Inc		43,077
	1,000	*	Carmax, Inc		66,250
	3,507		Dollar General Corp		263,586
	2,010	*	Etsy, Inc		28,884
	421		Foot Locker, Inc		19,867
	562	*	FTD Cos, Inc		11,043
	343	*	Genesco, Inc		11,010
	989		GNC Holdings, Inc		9,405
	52		Group 1 Automotive, Inc		3,097

88

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	5,993	*	Groupon, Inc	$	22,534
	275		Haverty Furniture Cos, Inc		6,119
	376	*	Hibbett Sports, Inc		5,866
	569		HSN, Inc		22,561
	207	*	Kirkland's, Inc		1,935
	2,090		Kohl's Corp		86,422
	238	*	Lands' End, Inc		3,213
	1,456	*	LKQ Corp		50,319
	7,146		Lowe's Companies, Inc		553,100
	307	*	MarineMax, Inc		4,590
	614	*	Murphy USA, Inc		46,498
	3,258	*	NetFlix, Inc		591,848
	183		Nordstrom, Inc		8,888
	528		Nutri/System, Inc		29,436
	4,919		Office Depot, Inc		28,875
	296	*	Overstock.com, Inc		4,736
	348		PetMed Express, Inc		16,544
	1,100		Pier 1 Imports, Inc		5,071
	343	*	Priceline.com, Inc		695,776
	509		Rent-A-Center, Inc		6,729
	3,492		Ross Stores, Inc		193,177
	576	*	Shutterfly, Inc		28,247
	380		Signet Jewelers Ltd		23,241
	427	*	Ulta Beauty, Inc		107,267
	361	*	Vitamin Shoppe, Inc		3,971
	681	*	Wayfair, Inc		51,994
	1,366		Williams-Sonoma, Inc		63,423
	32		Winmark Corp		4,258
	309	*	Zumiez, Inc		3,924
			TOTAL RETAILING		3,326,674
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.7%
	2,438		Analog Devices, Inc		192,626
	10,208		Applied Materials, Inc		452,317
	67		Brooks Automation, Inc		1,646
	472	*	First Solar, Inc		23,274
	25,201		Intel Corp		893,879
	842		Lam Research Corp		134,265
	703		Microchip Technology, Inc		56,268
	2,938		NVIDIA Corp		477,454
	3,038	*	ON Semiconductor Corp		45,418
	519		Skyworks Solutions, Inc		54,428
	1,054	*	SunPower Corp		11,742
	7,324		Texas Instruments, Inc		596,027
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		2,939,344
SOFTWARE & SERVICES - 13.1%
	4,771		Accenture plc		614,600
	503	*	Actua Corp		6,790
	1,110	*	Alphabet, Inc (Class A)		1,049,505
	1,128	*	Alphabet, Inc (Class C)		1,049,604
	565	*	Angie's List, Inc		6,769
	1,212	*	Autodesk, Inc		134,277

89

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	4,793		Automatic Data Processing, Inc	$	569,936
	515	*	Black Knight Financial Services, Inc		21,888
	1,624		Booz Allen Hamilton Holding Co		55,703
	513	*	Brightcove, Inc		3,437
	815	*	Cardtronics plc		25,509
	428	*	Cimpress NV		37,767
	513	*	Citrix Systems, Inc		40,517
	6,756		Cognizant Technology Solutions Corp (Class A)		468,326
	1,483		Convergys Corp		35,548
	1,540		CSRA, Inc		50,219
	1,953	*	Dell Technologies, Inc-VMware Inc		125,519
	304	*	Euronet Worldwide, Inc		29,369
	1,005	*	Gogo, Inc		12,241
	5,187		International Business Machines Corp		750,403
	1,836		Intuit, Inc		251,918
	637		j2 Global, Inc		53,909
	755		LogMeIn, Inc		87,920
	5,810		MasterCard, Inc (Class A)		742,518
	27,939	d	Microsoft Corp		2,031,165
	266	*	MINDBODY, Inc		6,903
	880	*	NeuStar, Inc (Class A)		29,392
	294	*	New Relic, Inc		13,806
	16,102		Oracle Corp		803,973
	595	*	Perficient, Inc		11,186
	1,156	*	Quotient Technology, Inc		13,410
	6,201	*	salesforce.com, Inc		563,051
	867	*	ServiceSource International LLC		3,295
	269	*	SPS Commerce, Inc		15,548
	1,590	*	Square, Inc		41,897
	4,981		Symantec Corp		154,361
	516		Syntel, Inc		10,057
	128	*	Take-Two Interactive Software, Inc		10,173
	525	*	Teradata Corp		16,706
	591		TiVo Corp		11,584
	1,726		Travelport Worldwide Ltd		24,682
	903	*	Twilio, Inc		26,341
	888	*	Unisys Corp		11,366
	534	*	Vasco Data Security International		7,209
	635	*	Website Pros, Inc		13,938
	2,727		Western Union Co		53,858
	290	*	WEX, Inc		31,517
	1,459	*	Workday, Inc		148,978
			TOTAL SOFTWARE & SERVICES		10,278,588
TECHNOLOGY HARDWARE & EQUIPMENT - 4.2%
	512	*	Anixter International, Inc		40,320
	652		AVX Corp		11,651
	246		Badger Meter, Inc		11,131
	595		Belden CDT, Inc		42,804
	889	*	Benchmark Electronics, Inc		29,915
	26,372		Cisco Systems, Inc		829,399
	1,239		Cognex Corp		117,779
	393	*	Coherent, Inc		104,145

90

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	292		Comtech Telecommunications Corp	$	5,256
	12,310		Corning, Inc		358,713
	687	*	Cray, Inc		14,152
	522		CTS Corp		11,484
	569		Daktronics, Inc		5,565
	874		Dolby Laboratories, Inc (Class A)		45,230
	645	*	Fabrinet		29,031
	261	*	FARO Technologies, Inc		10,310
	11,687		Hewlett Packard Enterprise Co		204,639
	16,914		HP, Inc		323,057
	1,746	*	Infinera Corp		20,481
	565	*	Insight Enterprises, Inc		22,894
	487	*	IPG Photonics Corp		74,336
	550	*	Itron, Inc		40,150
	3,140		Jabil Circuit, Inc		95,770
	480	*	Keysight Technologies, Inc		19,963
	424	*	Kimball Electronics, Inc		8,247
	349		Littelfuse, Inc		62,883
	228	*	Lumentum Holdings, Inc		14,273
	600		Methode Electronics, Inc		23,850
	504		Motorola, Inc		45,703
	1,795		National Instruments Corp		73,846
	461	*	Novanta, Inc		17,011
	147	*	OSI Systems, Inc		11,756
	556	*	Plexus Corp		29,807
	241	*	Rogers Corp		28,431
	1,313	*	Sanmina Corp		47,071
	413	*	Scansource, Inc		16,355
	644	*	Sonus Networks, Inc		4,399
	666	*	Super Micro Computer, Inc		17,882
	393		SYNNEX Corp		46,736
	624	*	Tech Data Corp		63,898
	1,958	*	Trimble Navigation Ltd		73,288
	1,602	*	TTM Technologies, Inc		27,843
	594		Universal Display Corp		71,636
	2,244		Vishay Intertechnology, Inc		40,055
	4,229		Xerox Corp		129,703
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		3,322,848
TELECOMMUNICATION SERVICES - 2.0%
	6,809		CenturyLink, Inc		158,445
	246		Consolidated Communications Holdings, Inc		4,428
	212	*	General Communication, Inc (Class A)		9,046
	6,567	*	Globalstar, Inc		12,149
	232		IDT Corp (Class B)		3,436
	1,290	*	Iridium Communications, Inc		12,836
	3,205	*	Level 3 Communications, Inc		188,069
	277	*	Lumos Networks Corp		4,961
	592		Shenandoah Telecom Co		18,204
	13,169	*	Sprint Corp		105,089
	20,920		Verizon Communications, Inc		1,012,528
	3,115		Windstream Holdings, Inc		11,806
			TOTAL TELECOMMUNICATION SERVICES		1,540,997

91

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY					VALUE
TRANSPORTATION - 2.3%
	221		Allegiant Travel Co					$	28,564
	457		Arkansas Best Corp						12,705
	960	*	Avis Budget Group, Inc						29,549
	6,534		CSX Corp						322,388
	1,244	*	Hertz Global Holdings, Inc						17,005
	571		Kansas City Southern Industries, Inc						58,921
	1,693		Norfolk Southern Corp						190,598
	2,189	*	Spirit Airlines, Inc						85,043
	4,802		Union Pacific Corp						494,414
	5,356		United Parcel Service, Inc (Class B)						590,713
	431	*	YRC Worldwide, Inc						5,728
			TOTAL TRANSPORTATION						1,835,628
UTILITIES - 3.2%
	2,953		American Water Works Co, Inc						239,488
	2,682		Aqua America, Inc						89,525
	7,727		Centerpoint Energy, Inc						217,824
	5,403		Consolidated Edison, Inc						447,693
	5,334		Edison International						419,679
	5,520		Eversource Energy						335,561
	1,287		New Jersey Resources Corp						54,247
	620		NRG Yield, Inc (Class A)						11,303
	609		Pattern Energy Group, Inc						15,286
	4,015		Sempra Energy						453,735
	850		Southwest Gas Corp						68,085
	619		Spire, Inc						44,939
	1,587		TerraForm Global, Inc						8,094
	1,293		TerraForm Power, Inc						17,326
	738		WGL Holdings, Inc						63,261
			TOTAL UTILITIES						2,486,046
			TOTAL COMMON STOCKS						77,826,236
			(Cost $67,295,631)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.6%
GOVERNMENT AGENCY DEBT - 0.6%
$	450,000		Federal Home Loan Bank (FHLB)		0.800	%	08/01/17		450,000
			TOTAL GOVERNMENT AGENCY DEBT						450,000
			TOTAL SHORT-TERM INVESTMENTS						450,000
			(Cost $450,000)
			TOTAL INVESTMENTS - 99.7%						78,276,236
			(Cost $67,745,631)
			OTHER ASSETS & LIABILITIES, NET - 0.3%						216,728
			NET ASSETS - 100.0%					$	78,492,964

92

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

*	Non-income producing
d	All or a portion of these securities have been segregated to cover margin requirements on open futures transactions.
m	Indicates a security that has been deemed illiquid.

93

TIAA-CREF FUNDS - Emerging Markets Equity Fund

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
CORPORATE BONDS - 0.0%
HONG KONG - 0.0%
$	534,000	m	Asia Pacific Investment Partners		15.000	%	04/23/17	$	389,116
			TOTAL HONG KONG						389,116
			TOTAL CORPORATE BONDS						389,116
			(Cost $534,000)
SHARES			COMPANY
COMMON STOCKS - 95.8%
ARGENTINA - 3.8%
	1,403,637	*	Adecoagro S.A.						14,274,988
	799,780		BBVA Banco Frances S.A. (ADR)						12,532,553
	282,637	*,e	Pampa Energia S.A. (ADR)						15,361,321
	383,248	*	YPF S.A. (ADR) (Class D)						7,741,610
			TOTAL ARGENTINA						49,910,472
BRAZIL - 13.2%
	4,496,700	*	Atacadao Distribuicao Comercio e Industria Ltd						21,832,071
	610,400	*	Cia Brasileira de Distribuicao Grupo Pao de Acucar						14,191,479
	1,039,000		Cia de Saneamento Basico do Estado de Sao Paulo						11,178,492
	5,564,000		Cyrela Brazil Realty S.A.						21,839,550
	3,651,400		Gerdau S.A. (Preference)						12,482,218
	8,033,000	*	Petroleo Brasileiro S.A. (Preference)						34,235,596
	1,528,300		Vale S.A. (Preference)						14,296,186
	9,440,767		Via Varejo S.A.						43,565,551
			TOTAL BRAZIL						173,621,143
CHILE - 1.9%
	1,580,910,851		Corpbanca S.A.						15,018,641
	1,122,300		SACI Falabella						10,469,952
			TOTAL CHILE						25,488,593
CHINA - 22.8%
	537,954	*	Alibaba Group Holding Ltd (ADR)						83,355,972
	61,332,000	*	Bank of China Ltd						30,163,844
	8,978,000	*,e,m	China Animal Healthcare Ltd						11,494
	2,845,000		China Mobile Hong Kong Ltd						30,410,625
	7,119,800		China Overseas Land & Investment Ltd						24,120,374
	8,674,422		Chongqing Changan Automobile Co Ltd						11,505,481
	234,900	*	Ctrip.com International Ltd (ADR)						14,030,577
	20,291,034		Industrial & Commercial Bank of China						14,178,502

94

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	5,037,000		Ping An Insurance Group Co of China Ltd	$	37,284,444
	122,200	*	Sina Corp		11,585,782
	605,000		Tencent Holdings Ltd		24,147,947
	1,653,700	*	Vipshop Holdings Ltd (ADR)		20,340,510
			TOTAL CHINA		301,135,552
COLOMBIA - 1.9%
	3,242,715		Almacenes Exito S.A.		16,549,478
	206,536		BanColombia S.A. (ADR)		9,033,885
			TOTAL COLOMBIA		25,583,363
HONG KONG - 3.9%
	22,290	*,m	Asia Pacific Investment Partners Limited		119,020
	621,536	*,m	China Metal Recycling Holdings Ltd		796
	2,355,717		Melco Crown Entertainment Ltd (ADR)		47,585,483
	22,290	*,m	Mongolian Metals Corporation		0
	17,336,000	*,e	Summit Ascent Holdings Ltd		3,923,050
			TOTAL HONG KONG		51,628,349
INDIA - 7.8%
	209,475		Capital First Ltd		2,522,405
	2,912,470		ICICI Bank Ltd		13,705,029
	799,600		Indiabulls Housing Finance Ltd		14,633,324
	3,374,358	*	Jain Irrigation Systems Ltd		5,580,766
	863,400		Larsen & Toubro Ltd		16,068,047
	1,544,501	*	Phoenix Mills Ltd		11,733,763
	887,700		Reliance Industries Ltd		22,345,971
	638,244	*	Yatra Online, Inc		7,007,919
	7,242,900	*	Zee Entertainment Enterprises Ltd		9,404,616
			TOTAL INDIA		103,001,840
INDONESIA - 0.6%
	154,171,500		PT Lippo Karawaci Tbk		8,272,088
			TOTAL INDONESIA		8,272,088
ITALY - 0.9%
	3,296,900		Prada S.p.A		11,684,830
			TOTAL ITALY		11,684,830
KOREA, REPUBLIC OF - 10.3%
	115,893		GLOVIS Co Ltd		16,261,751
	62,500		LG Chem Ltd		18,323,488
	63,600		POSCO		19,004,623
	38,339		Samsung Electronics Co Ltd		82,447,212
			TOTAL KOREA, REPUBLIC OF		136,037,074
MEXICO - 3.2%
	2,353,653		Alsea SAB de C.V.		9,162,092
	11,521,900	*	Becle SAB de C.V.		19,422,678
	1,982,800		Grupo Financiero Banorte S.A. de C.V.		13,144,786
			TOTAL MEXICO		41,729,556

95

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
PERU - 0.8%
	56,300		Credicorp Ltd (NY)	$	10,423,382
			TOTAL PERU		10,423,382
PHILIPPINES - 1.8%
	37,343,600		Alliance Global Group, Inc		10,624,090
	70,816,000	*	Melco Resorts And Entertainment Philippines Corp		12,634,277
			TOTAL PHILIPPINES		23,258,367
RUSSIA - 2.1%
	361,000	*	Mail.ru (GDR)		9,974,835
	1,508,457		Sberbank of Russian Federation (ADR)		17,562,486
			TOTAL RUSSIA		27,537,321
SOUTH AFRICA - 5.1%
	302,617		Naspers Ltd (N Shares)		66,894,815
			TOTAL SOUTH AFRICA		66,894,815
SRI LANKA - 1.0%
	11,956,700		John Keells Holdings plc		13,533,536
			TOTAL SRI LANKA		13,533,536
TAIWAN - 8.6%
	17,327,905		Advanced Semiconductor Engineering, Inc		23,247,764
	207,000		Bizlink Holdings Inc		1,541,672
	949,000		Catcher Technology Co Ltd		10,906,767
	4,211,200		Hon Hai Precision Industry Co, Ltd		16,377,672
	84,000		Largan Precision Co Ltd		15,326,579
	238,900		Silicon Motion Technology Corp (ADR)		9,821,179
	5,226,900		Taiwan Semiconductor Manufacturing Co Ltd		36,948,430
			TOTAL TAIWAN		114,170,063
TURKEY - 1.1%
	4,662,700		Turkiye Garanti Bankasi AS		13,963,320
			TOTAL TURKEY		13,963,320
UNITED ARAB EMIRATES - 1.5%
	512,400		DP World Ltd		11,785,200
	3,743,010	*	Emaar Properties PJSC		8,390,295
			TOTAL UNITED ARAB EMIRATES		20,175,495
URUGUAY - 3.5%
	5,291,030	*	Arcos Dorados Holdings, Inc		46,561,064
			TOTAL URUGUAY		46,561,064
			TOTAL COMMON STOCKS		1,264,610,223
			(Cost $1,056,402,269)

96

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY					VALUE
PREFERRED STOCKS - 0.0%
PHILIPPINES - 0.0%
	1,721,900	*,m	Ayala Land, Inc (Preferred B)					$	3,413
			TOTAL PHILIPPINES						3,413
			TOTAL PREFERRED STOCKS						3,413
			(Cost $4,057)
RIGHTS / WARRANTS - 1.0%
UNITED STATES - 1.0%
	750,000		Morgan Stanley BV						12,331,725
			TOTAL UNITED STATES						12,331,725
			TOTAL RIGHTS / WARRANTS						12,331,725
			(Cost $12,508,917)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 3.6%
GOVERNMENT AGENCY DEBT - 1.3%
$	17,200,000		Federal Home Loan Bank (FHLB)		0.800	%	08/01/17		17,200,000
			TOTAL GOVERNMENT AGENCY DEBT						17,200,000
TREASURY DEBT - 1.1%
	14,670,000		United States Treasury Bill		0.951		08/03/17		14,669,237
			TOTAL TREASURY DEBT						14,669,237
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.2%
	16,048,579	c	State Street Navigator Securities Lending Government Money Market Portfolio						16,048,579
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						16,048,579
			TOTAL SHORT-TERM INVESTMENTS						47,917,816
			(Cost $47,917,805)
			TOTAL INVESTMENTS - 100.4%						1,325,252,293
			(Cost $1,117,367,048)
			OTHER ASSETS & LIABILITIES, NET - (0.4)%						(5,303,038	)
			NET ASSETS - 100.0%					$	1,319,949,255

	Abbreviation(s):
	ADR     American Depositary Receipt
	GDR     Global Depositary Receipt
*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $14,780,755.
m	Indicates a security that has been deemed illiquid.

97

TIAA-CREF FUNDS - Emerging Markets Equity Fund

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2017

SECTOR	VALUE			% OF NET ASSETS
CONSUMER DISCRETIONARY	$	332,686,717			25.2	%
INFORMATION TECHNOLOGY		324,140,139			24.6
FINANCIALS		217,006,462			16.4
INDUSTRIALS		79,318,112			6.0
CONSUMER STAPLES		64,438,623			4.9
ENERGY		64,323,177			4.9
MATERIALS		64,107,311			4.9
REAL ESTATE		52,519,933			4.0
UTILITIES		48,371,884			3.6
TELECOMMUNICATION SERVICES		30,410,625			2.3
HEALTH CARE		11,494			0.0
SHORT-TERM INVESTMENTS		47,917,816			3.6
OTHER ASSETS & LIABILITIES, NET		(5,303,038	)		(0.4	)
NET ASSETS	$	1,319,949,255			100.0	%

98

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

TIAA-CREF FUNDS

ENHANCED INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES		COMPANY	VALUE
COMMON STOCKS - 99.7%
AUSTRALIA - 7.0%
	200,551	AGL Energy Ltd	$	3,867,370
	701,403	Aristocrat Leisure Ltd		11,374,250
	131,774	Australian Stock Exchange Ltd		5,511,522
	140,838	Boral Ltd		780,478
	234,959	Caltex Australia Ltd		5,855,359
	150,710	CIMIC Group Ltd		4,999,355
	8,377	Cochlear Ltd		956,936
	86,164	Commonwealth Bank of Australia		5,772,544
	71,903	Computershare Ltd		809,017
	40,158	CSL Ltd		4,046,008
	2,008,196	Fortescue Metals Group Ltd		9,230,091
	227,213	Macquarie Group Ltd		15,598,951
	544,364	Medibank Pvt Ltd		1,184,557
	70,786	Mirvac Group		122,952
	335,825	National Australia Bank Ltd		8,050,664
	114,124	Newcrest Mining Ltd		1,854,350
	442,989	Orica Ltd		7,042,455
	740,550	Qantas Airways Ltd		3,147,390
	57,040	Ramsay Health Care Ltd		3,220,835
	653,917	Scentre Group		2,162,324
	1,595,133	South32 Ltd		3,720,413
	2,024,800	Telstra Corp Ltd		6,642,493
	71,555	TPG Telecom Ltd		321,091
	831,572	Westpac Banking Corp		21,196,883
		TOTAL AUSTRALIA		127,468,288
AUSTRIA - 0.6%
	193,228	OMV AG.		10,945,815
		TOTAL AUSTRIA		10,945,815
BELGIUM - 1.1%
	19,415	Anheuser-Busch InBev S.A.		2,342,079
	205,445	KBC Groep NV		16,984,966
		TOTAL BELGIUM		19,327,045
DENMARK - 1.7%
	17,708	Danske Bank AS		717,133
	241,804	Novo Nordisk AS		10,283,783
	212,141	Vestas Wind Systems AS		20,732,937
		TOTAL DENMARK		31,733,853
FINLAND - 1.2%
	97,166	Neste Oil Oyj		4,212,537

99

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
	631,613		UPM-Kymmene Oyj	$	17,194,460
			TOTAL FINLAND		21,406,997
FRANCE - 9.9%
	125,058		Atos Origin S.A.		19,013,267
	371,844		BNP Paribas		28,816,295
	234,415		Bouygues S.A.		10,050,334
	83,128		Cap Gemini S.A.		9,050,100
	219,771		CNP Assurances		5,305,641
	1,129,018		Credit Agricole S.A.		19,816,914
	14,022		Gaz de France		225,841
	1,564		LVMH Moet Hennessy Louis Vuitton S.A.		392,859
	149,803		Michelin (C.G.D.E.) (Class B)		20,288,730
	707,728		Peugeot S.A.		15,223,743
	292,501		Sanofi-Aventis		27,872,128
	6,474		SCOR SE		273,046
	123,292		Total S.A.		6,269,851
	248,356		Valeo S.A.		17,195,810
			TOTAL FRANCE		179,794,559
GERMANY - 8.9%
	1,437		Adidas-Salomon AG.		328,203
	15,075		Allianz AG.		3,213,357
	144,026		BASF SE		13,711,266
	209,578		Bayer AG.		26,545,396
	73,176		Continental AG.		16,484,174
	193,072	g	Covestro AG.		14,972,406
	237,686		Daimler AG. (Registered)		16,653,414
	186,510		Deutsche Annington Immobilien SE		7,558,289
	342,463		Deutsche Telekom AG.		6,256,364
	39,934		Hannover Rueckversicherung AG.		5,040,416
	243,222	g	Innogy SE		10,215,297
	105,229		SAP AG.		11,142,192
	210,074		Siemens AG.		28,507,375
	54,341		TUI AG. (DI)		854,113
			TOTAL GERMANY		161,482,262
HONG KONG - 3.5%
	879,575		AIA Group Ltd		6,918,301
	6,900		ASM Pacific Technology		89,174
	784,000		Cheung Kong Property Holdings Ltd		6,340,068
	401,340		CK Hutchison Holdings Ltd		5,281,279
	606,000		CLP Holdings Ltd		6,457,017
	19,000		Hong Kong Exchanges and Clearing Ltd		541,276
	111,800		Jardine Matheson Holdings Ltd		7,131,604
	1,059,000		Sun Hung Kai Properties Ltd		16,385,117
	10,938,500	g	WH Group Ltd		10,256,394
	89,000		Wharf Holdings Ltd		756,468
	519,000		Wheelock & Co Ltd		3,910,922
			TOTAL HONG KONG		64,067,620
IRELAND - 0.3%
	56,415	*	Bank of Ireland Group plc		470,828

100

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
	89,744		CRH plc	$	3,150,091
	17,655	*	Ryanair Holdings plc (ADR)		2,000,841
			TOTAL IRELAND		5,621,760
ISRAEL - 0.1%
	35,875		Azrieli Group		1,960,340
			TOTAL ISRAEL		1,960,340
ITALY - 2.7%
	3,769,571		Banca Intesa S.p.A. RSP		12,016,252
	2,692,631		Enel S.p.A.		15,359,565
	15,410		Ferrari NV		1,621,588
	6,389	*	Gruppo Editoriale L'Espresso S.p.A.		5,930
	880,147		Mediobanca S.p.A.		9,183,114
	12,561,387		Telecom Italia RSP		10,289,730
			TOTAL ITALY		48,476,179
JAPAN - 23.0%
	53,500		Aeon Co Ltd		806,138
	278,500		Aisin Seiki Co Ltd		14,478,931
	106,100		Alfresa Holdings Corp		1,952,679
	328,500		Asahi Glass Co Ltd		13,826,384
	56,900		Bridgestone Corp		2,393,868
	173,700		Brother Industries Ltd		4,431,864
	531,900		Canon, Inc		18,505,243
	120,400	*	Chubu Electric Power Co, Inc		1,582,051
	55,300	*	Coca-Cola West Japan Co Ltd		1,667,951
	152,413		Concordia Financial Group Ltd		768,572
	367,300		Daiwa House Industry Co Ltd		12,811,930
	174,000		Hitachi Ltd		1,197,088
	119,400		Honda Motor Co Ltd		3,342,226
	539,500		Itochu Corp		8,460,172
	780,400		Japan Post Bank Co Ltd		10,023,596
	269,600		Japan Post Holdings Co Ltd		3,398,247
	265,500		Japan Tobacco, Inc		9,225,893
	813,200		JX Holdings, Inc		3,614,693
	632,000		Kajima Corp		5,510,813
	23,200		Kansai Electric Power Co, Inc		311,509
	13,500		Kao Corp		821,941
	236,000		KDDI Corp		6,253,287
	789,900		Kirin Brewery Co Ltd		17,396,563
	151,000		Koito Manufacturing Co Ltd		8,820,832
	41,300		Kyocera Corp		2,508,977
	543,035	e	Kyushu Electric Power Co, Inc		6,430,669
	151,600		Kyushu Financial Group, Inc		951,249
	13,500		Lawson, Inc		919,057
	118,500		M3, Inc		3,196,546
	67,300		Maruichi Steel Tube Ltd		2,077,142
	115,800		Mediceo Paltac Holdings Co Ltd		2,119,074
	1,198,200		Mitsubishi Chemical Holdings Corp		10,031,640
	881,785		Mitsubishi Corp		19,145,501
	298,325		Mitsubishi Gas Chemical Co, Inc		6,882,831
	149,300		Mitsubishi UFJ Financial Group, Inc		947,176

101

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
	552,000		Mitsui Chemicals, Inc	$	3,135,978
	70,800		Mitsui Fudosan Co Ltd		1,624,876
	443,200		Mitsui Sumitomo Insurance Group Holdings, Inc		15,545,050
	16,800		Nintendo Co Ltd		5,705,523
	317		Nippon ProLogis REIT, Inc		668,473
	312,800		Nippon Telegraph & Telephone Corp		15,307,865
	669,200		Nissan Motor Co Ltd		6,644,658
	15,000		NKSJ Holdings, Inc		588,333
	2,739,600		Nomura Holdings, Inc		16,276,568
	1,715		Nomura Real Estate Master Fund, Inc		2,431,444
	97,972		NTT DoCoMo, Inc		2,275,105
	1,085,855		Obayashi Corp		13,074,408
	67,076		Pola Orbis Holdings, Inc		1,860,912
	155,400		SBI Holdings, Inc		2,223,239
	359,800		Seibu Holdings, Inc		6,276,600
	814,300		Sekisui House Ltd		14,095,683
	60,600		Shin-Etsu Chemical Co Ltd		5,542,775
	274,100		Shionogi & Co Ltd		14,634,219
	23,400		Showa Shell Sekiyu KK		254,890
	218,700		Start Today Co Ltd		6,171,000
	694,600		Sumitomo Corp		9,388,776
	49,000		Sumitomo Electric Industries Ltd		792,058
	3,700		Suntory Beverage & Food Ltd		181,372
	260,191		Suzuki Motor Corp		12,333,397
	27,000		Sysmex Corp		1,545,620
	219,000		Taisei Corp		2,096,274
	23,400		Takeda Pharmaceutical Co Ltd		1,236,148
	205,200		Tanabe Seiyaku Co Ltd		4,884,925
	86,100		Tokio Marine Holdings, Inc		3,620,785
	73,300		Tokyo Electron Ltd		10,308,742
	54,500		Tokyu Corp		801,966
	75,448		Tokyu Fudosan Holdings Corp		452,580
	497,000	*,e	Toshiba Corp		1,127,709
	50,700		Toyota Industries Corp		2,720,152
	171,376		Toyota Motor Corp		9,658,724
	112,400		Toyota Tsusho Corp		3,613,439
	163,500		Trend Micro, Inc		8,177,005
	26,200		West Japan Railway Co		1,880,615
	53,700		Yamaha Corp		1,899,004
			TOTAL JAPAN		417,869,223
LUXEMBOURG - 0.0%
	562		Eurofins Scientific		313,062
	4,098		RTL Group		318,808
			TOTAL LUXEMBOURG		631,870
NETHERLANDS - 3.8%
	13,572	*	Altice NV (Class B)		335,303
	12,132		ASML Holding NV		1,829,518
	890,093		ING Groep NV		16,630,351
	1,367,868	e	Koninklijke KPN NV		4,960,365
	274,632		Randstad Holdings NV		16,559,148
	567,690		Royal Dutch Shell plc (A Shares)		16,032,374

102

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
	435,878		Royal Dutch Shell plc (B Shares)	$	12,417,165
			TOTAL NETHERLANDS		68,764,224
NEW ZEALAND - 0.1%
	81,120		Mighty River Power Ltd		212,005
	188,902		Ryman Healthcare Ltd		1,251,253
			TOTAL NEW ZEALAND		1,463,258
NORWAY - 0.9%
	134,893		DNB NOR Holding ASA		2,649,903
	755,977		PAN Fish ASA		14,094,051
	9,437		Schibsted ASA (B Shares)		220,837
			TOTAL NORWAY		16,964,791
PORTUGAL - 0.4%
	67,358		Energias de Portugal S.A.		239,151
	340,494		Jeronimo Martins SGPS S.A.		6,696,945
			TOTAL PORTUGAL		6,936,096
SINGAPORE - 1.4%
	756,896		CapitaLand Ltd		2,059,012
	1,242,536		DBS Group Holdings Ltd		19,822,945
	1,657,200		Golden Agri-Resources Ltd		482,545
	11,700		Jardine Cycle & Carriage Ltd		348,390
	342,700		Oversea-Chinese Banking Corp		2,870,235
			TOTAL SINGAPORE		25,583,127
SOUTH AFRICA - 0.8%
	56,014		Investec plc		425,314
	550,729		Mondi plc		14,505,891
			TOTAL SOUTH AFRICA		14,931,205
SPAIN - 3.8%
	92,298		ACS Actividades Construccion y Servicios S.A.		3,534,678
	80,464	g	Aena S.A.		15,726,523
	81,983		Banco Bilbao Vizcaya Argentaria S.A.		741,756
	4,239,136		Banco Santander S.A.		28,860,748
	133,104		CaixaBank S.A.		693,291
	160,882		Endesa S.A.		3,808,612
	274,934		Gamesa Corp Tecnologica S.A.		4,498,242
	728,635		Repsol YPF S.A.		12,203,103
			TOTAL SPAIN		70,066,953
SWEDEN - 2.9%
	274,795		Atlas Copco AB (A Shares)		9,938,711
	150,084	e	ICA Gruppen AB		6,013,721
	1,247,955		Nordea Bank AB		15,746,543
	82,468		SKF AB (B Shares)		1,639,146
	232,058		Swedish Match AB		8,162,251
	990,718		Tele2 AB (B Shares)		11,791,309
			TOTAL SWEDEN		53,291,681

103

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
SWITZERLAND - 8.8%
	203,901		Adecco S.A.	$	15,556,218
	203,426		Holcim Ltd		12,154,946
	21,046		Lonza Group AG.		5,002,099
	581,807		Nestle S.A.		49,110,040
	180,879		Novartis AG.		15,406,860
	7,617		Partners Group		4,944,713
	114,378		Roche Holding AG.		28,956,997
	5,228		Schindler Holding AG. (Registered)		1,099,428
	611,844		STMicroelectronics NV		10,365,972
	106,619	*	Wolseley plc		6,365,994
	38,167		Zurich Financial Services AG.		11,632,520
			TOTAL SWITZERLAND		160,595,787
UNITED KINGDOM - 15.6%
	926,572		3i Group plc		11,438,652
	560,739		Ashtead Group plc		12,047,089
	148,712		AstraZeneca plc (ADR)		4,488,128
	177,572		BAE Systems plc		1,408,826
	1,115,020		Barratt Developments plc		9,055,864
	203,449		Berkeley Group Holdings plc		9,382,742
	447,093		BP plc (ADR)		15,710,848
	462,429		British American Tobacco plc		28,765,737
	211,841		BT Group plc		876,661
	3,219,867		Centrica plc		8,434,988
	26,846		Coca-Cola European Partners plc		1,165,199
	37,249		Diageo plc		1,203,029
	132,013	*	Fiat DaimlerChrysler Automobiles NV		1,591,860
	1,312,613		GlaxoSmithKline plc		26,130,143
	3,822,592		HSBC Holdings plc		38,282,907
	78,517		International Consolidated Airlines Group S.A.		599,207
	4,736,248		Legal & General Group plc		16,769,719
	8,279,940		Lloyds TSB Group plc		7,158,316
	221,687		National Grid plc		2,743,127
	177,635		New Carphone Warehouse plc		630,912
	261,832		Rio Tinto plc		12,271,284
	66,330		Royal Mail plc		352,701
	222,853		Sage Group plc		1,981,825
	11,120		Schroders plc		505,314
	672,316		Segro plc		4,679,112
	38,904		Smith & Nephew plc		676,927
	139,831		Smiths Group plc		2,832,258
	159,303		Tate & Lyle plc		1,412,565
	3,395,583		Taylor Wimpey plc		8,528,347
	231,164		Unilever NV		13,471,686
	388,735		Unilever plc		22,170,612
	466,823		Vodafone Group plc (ADR)		13,855,307
	576,151		WM Morrison Supermarkets plc		1,827,320
	155,916	g	Worldpay Group plc		760,840
			TOTAL UNITED KINGDOM		283,210,052
UNITED STATES - 1.2%
	250,000		iShares MSCI EAFE Index Fund		16,732,500

104

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

SHARES			COMPANY	VALUE
	53,422	*	Mobileye NV	$	3,381,613
	26,749	*	QIAGEN NV		887,245
			TOTAL UNITED STATES		21,001,358
			TOTAL COMMON STOCKS		1,813,594,343
			(Cost $1,548,309,500)

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 1.0%
GOVERNMENT AGENCY DEBT - 0.3%
$	5,250,000		Federal Home Loan Bank (FHLB)		0.800	%	08/01/17		5,250,000
			TOTAL GOVERNMENT AGENCY DEBT						5,250,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.7%
	12,326,475	c	State Street Navigator Securities Lending Government Money Market Portfolio						12,326,475
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						12,326,475
			TOTAL SHORT-TERM INVESTMENTS						17,576,475
			(Cost $17,576,475)
			TOTAL INVESTMENTS - 100.7%						1,831,170,818
			(Cost $1,565,885,975)
			OTHER ASSETS & LIABILITIES, NET - (0.7)%						(12,349,472	)
			NET ASSETS - 100.0%					$	1,818,821,346

	Abbreviation(s):
	ADR     American Depositary Receipt
	REIT     Real Estate Investment Trust
*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $11,792,214.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 7/31/2017, the aggregate value of these securities amounted to $51,931,460 or 2.9% of net assets.

105

TIAA-CREF FUNDS - Enhanced International Equity Index Fund

TIAA-CREF FUNDS

ENHANCED INTERNATIONAL EQUITY INDEX FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited) 

July 31, 2017

SECTOR	VALUE			% OF NET ASSETS
FINANCIALS	$	416,861,202			22.9	%
INDUSTRIALS		259,211,941			14.3
CONSUMER DISCRETIONARY		214,186,410			11.8
CONSUMER STAPLES		200,054,001			11.0
HEALTH CARE		185,607,011			10.2
MATERIALS		138,258,497			7.6
INFORMATION TECHNOLOGY		109,257,960			6.0
ENERGY		87,516,635			4.8
TELECOMMUNICATION SERVICES		78,829,577			4.3
REAL ESTATE		63,923,907			3.5
UTILITIES		59,887,202			3.3
SHORT-TERM INVESTMENTS		17,576,475			1.0
OTHER ASSETS & LIABILITIES, NET		(12,349,472	)		(0.7	)
NET ASSETS	$	1,818,821,346			100.0	%

106

TIAA-CREF FUNDS - Global Natural Resources Fund

TIAA-CREF FUNDS

GLOBAL NATURAL RESOURCES FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 97.1%
AUSTRALIA - 7.9%
	32,987		BHP Billiton Ltd	$	687,001
	120,393		BHP Billiton plc		2,195,247
	15,721		Newcrest Mining Ltd		255,444
			TOTAL AUSTRALIA		3,137,692
AUSTRIA - 0.2%
	1,544		OMV AG.		87,463
			TOTAL AUSTRIA		87,463
BELGIUM - 2.1%
	126,888	*,e	Nyrstar NV		823,977
			TOTAL BELGIUM		823,977
BRAZIL - 2.9%
	156,358	*	Petroleo Brasileiro S.A.		691,949
	50,523		Vale S.A. (Preference)		472,608
			TOTAL BRAZIL		1,164,557
CANADA - 10.9%
	11,796		Agrium, Inc		1,180,404
	35,057		Barrick Gold Corp (Canada)		592,742
	7,055		Canadian Natural Resources Ltd (Canada)		215,767
	45,902		Cenovus Energy, Inc (Toronto)		385,477
	2,852		Franco-Nevada Corp		206,634
	85,145	*	Kinross Gold Corp		351,029
	34,825		Suncor Energy, Inc		1,136,020
	4,776		West Fraser Timber Co Ltd		253,788
			TOTAL CANADA		4,321,861
CHILE - 0.5%
	15,483		Antofagasta plc		193,352
			TOTAL CHILE		193,352
FINLAND - 1.7%
	20,905		Stora Enso Oyj (R Shares)		279,645
	13,744		UPM-Kymmene Oyj		374,376
			TOTAL FINLAND		654,021
FRANCE - 1.2%
	9,507		Total S.A.		483,466
			TOTAL FRANCE		483,466

107

TIAA-CREF FUNDS - Global Natural Resources Fund

SHARES			COMPANY	VALUE
GERMANY - 2.4%
	4,951		Linde AG.	$	944,456
			TOTAL GERMANY		944,456
INDIA - 0.9%
	26,063		JSW Steel Ltd		89,891
	18,621	*	United Phosphorus Ltd		254,351
			TOTAL INDIA		344,242
ITALY - 0.7%
	17,995		ENI S.p.A.		284,917
			TOTAL ITALY		284,917
JERSEY, C.I. - 0.5%
	2,066		Randgold Resources Ltd		192,312
			TOTAL JERSEY, C.I.		192,312
LUXEMBOURG - 2.4%
	35,682	*	ArcelorMittal		939,440
			TOTAL LUXEMBOURG		939,440
MALAYSIA - 0.4%
	29,100		Kuala Lumpur Kepong BHD		168,506
			TOTAL MALAYSIA		168,506
MEXICO - 0.3%
	5,689		Fresnillo plc		115,454
			TOTAL MEXICO		115,454
NETHERLANDS - 0.5%
	6,723		Royal Dutch Shell plc (A Shares)		189,867
			TOTAL NETHERLANDS		189,867
SOUTH AFRICA - 2.1%
	10,653		AngloGold Ashanti Ltd		107,628
	24,718		Gold Fields Ltd		98,606
	17,881		Mondi plc		470,664
	20,582		Sappi Ltd		136,337
			TOTAL SOUTH AFRICA		813,235
SWITZERLAND - 6.8%
	607,551		Glencore Xstrata plc		2,680,147
			TOTAL SWITZERLAND		2,680,147
UNITED KINGDOM - 4.3%
	29,372		BP plc		172,524
	9,528		Rio Tinto Ltd		502,273
	21,673		Rio Tinto plc		1,015,749
			TOTAL UNITED KINGDOM		1,690,546
UNITED STATES - 45.9%
	33,151	*	AK Steel Holding Corp		187,635
	43,185		Archer Daniels Midland Co		1,821,543

108

TIAA-CREF FUNDS - Global Natural Resources Fund

SHARES			COMPANY	VALUE
	5,024		Ashland Global Holdings, Inc	$	326,409
	1,802	*	Berry Plastics Group, Inc		101,056
	18,547		Bunge Ltd		1,453,899
	9,427	*	Callon Petroleum Co		106,714
	14,628	*	Concho Resources, Inc		1,905,443
	16,092	*	Continental Resources, Inc		537,956
	6,609	*	Diamondback Energy, Inc		633,671
	20,948		EOG Resources, Inc		1,992,993
	15,821		Exxon Mobil Corp		1,266,313
	14,000	*	Freeport-McMoRan Copper & Gold, Inc (Class B)		204,680
	10,925	*,e	Matador Resources Co		265,040
	23,334		Monsanto Co		2,725,878
	14,297		Olin Corp		421,476
	33,865	*	Parsley Energy, Inc		991,567
	4,459		Pioneer Natural Resources Co		727,263
	25,031	*	RSP Permian, Inc		860,065
	4,668		Steel Dynamics, Inc		165,294
	32,423		Tronox Ltd		628,358
	13,791		Valvoline, Inc		312,642
	8,485	*	WPX Energy, Inc		91,468
	6,273		WR Grace & Co		432,586
			TOTAL UNITED STATES		18,159,949
ZAMBIA - 2.5%
	91,071		First Quantum Minerals Ltd		1,006,584
			TOTAL ZAMBIA		1,006,584
			TOTAL COMMON STOCKS		38,396,044
			(Cost $33,749,251)

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 5.5%
GOVERNMENT AGENCY DEBT - 2.8%
$	1,100,000		Federal Home Loan Bank (FHLB)		0.800	%	08/01/17		1,100,000
			TOTAL GOVERNMENT AGENCY DEBT						1,100,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.7%
	1,084,482	c	State Street Navigator Securities Lending Government Money Market Portfolio						1,084,482
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						1,084,482
			TOTAL SHORT-TERM INVESTMENTS						2,184,482
			(Cost $2,184,482)
			TOTAL INVESTMENTS - 102.6% (Cost $35,933,733)						40,580,526
			OTHER ASSETS & LIABILITIES, NET - (2.6)%						(1,015,243	)
			NET ASSETS - 100.0%					$	39,565,283

*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $1,036,067.

109

TIAA-CREF FUNDS - Global Natural Resources Fund

TIAA-CREF FUNDS

GLOBAL NATURAL RESOURCES FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2017

SECTOR	VALUE			% OF NET ASSETS
MATERIALS	$	21,926,153			55.5	%
ENERGY		13,025,943			32.9
CONSUMER STAPLES		3,443,948			8.7
SHORT-TERM INVESTMENTS		2,184,482			5.5
OTHER ASSETS & LIABILITIES, NET		(1,015,243	)		(2.6	)
NET ASSETS	$	39,565,283			100.0	%

110

TIAA-CREF FUNDS - International Equity Fund

TIAA-CREF FUNDS

INTERNATIONAL EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.3%
AUSTRIA - 1.0%
	2,107,536		Wienerberger AG.	$	48,448,269
			TOTAL AUSTRIA		48,448,269
BRAZIL - 0.0%
	153,700		Via Varejo S.A.		709,267
			TOTAL BRAZIL		709,267
CANADA - 0.4%
	649,752		Suncor Energy, Inc		21,195,439
			TOTAL CANADA		21,195,439
CHINA - 0.9%
	96,449	*	Alibaba Group Holding Ltd (ADR)		14,944,773
	675,897		Tencent Holdings Ltd		26,977,727
			TOTAL CHINA		41,922,500
DENMARK - 2.1%
	1,246,411		DSV AS		80,475,394
	562,246		Novo Nordisk AS		23,911,994
			TOTAL DENMARK		104,387,388
FRANCE - 25.9%
	5,571,848		Accor S.A.		258,832,928
	4,985,978	*,g	ALD S.A.		87,709,705
	133,370		BNP Paribas		10,335,596
	2,679,447		Compagnie de Saint-Gobain		148,673,664
	419,635		Kering		146,671,360
	897,583		Nexity		48,142,696
	2,619,250		Schneider Electric S.A.		205,567,078
	3,276,345		Societe Generale		192,107,531
	1,837,721		Vinci S.A.		164,561,236
			TOTAL FRANCE		1,262,601,794
GERMANY - 13.0%
	602,296		Deutsche Post AG.		23,364,593
	940,619		Henkel KGaA (Preference)		133,236,767
	2,104,479		Lanxess AG.		162,284,555
	1,268,272		Linde AG.		241,936,431
	2,501,243		ThyssenKrupp AG.		74,290,477
			TOTAL GERMANY		635,112,823
HONG KONG - 0.9%
	2,097,694		Melco Crown Entertainment Ltd (ADR)		42,373,419
			TOTAL HONG KONG		42,373,419

111

TIAA-CREF FUNDS - International Equity Fund

SHARES			COMPANY	VALUE
INDIA - 11.7%
	3,550,909		Asian Paints Ltd	$	64,350,101
	11,744,047		Crompton Greaves Consumer Electricals Ltd		40,047,361
	157,095	*	Eicher Motors Ltd		73,618,279
	5,221,641		Havells India Ltd		38,480,769
	4,123,872		HDFC Bank Ltd		114,722,876
	3,947,471		Housing Development Finance Corp		110,101,466
	3,237,111		IndusInd Bank Ltd		83,043,052
	5,722,652	*,g	RBL Bank Ltd		47,687,631
			TOTAL INDIA		572,051,535
ITALY - 8.9%
	20,505,573		Banca Intesa S.p.A.		70,588,951
	9,871,988		Mediobanca S.p.A.		103,000,515
	2,484,779		Moncler S.p.A		66,727,045
	9,813,171	*	UniCredit S.p.A		192,867,471
			TOTAL ITALY		433,183,982
JAPAN - 16.1%
	20,847,009	*,e	Aiful Corp		72,180,624
	13,473,895		Hitachi Ltd		92,697,899
	24,271,159	*	Ishikawajima-Harima Heavy Industries Co Ltd		79,996,425
	3,095,977		Komatsu Ltd		83,026,462
	1,286,373		Konami Corp		67,089,369
	5,842,200		Mitsubishi UFJ Financial Group, Inc		37,063,559
	202,334		Nintendo Co Ltd		68,715,552
	1,367,153		Olympus Corp		49,623,157
	1,334,730		Seven & I Holdings Co Ltd		53,795,830
	4,365,168		Sony Corp		179,339,928
			TOTAL JAPAN		783,528,805
NETHERLANDS - 1.3%
	612,430	e	Heineken NV		63,906,562
			TOTAL NETHERLANDS		63,906,562
SWEDEN - 1.9%
	2,720,424		Electrolux AB (Series B)		93,026,152
			TOTAL SWEDEN		93,026,152
SWITZERLAND - 6.4%
	77,759	e	Burckhardt Compression Holding AG.		23,099,718
	7,854,671		Credit Suisse Group		120,739,489
	67,595		Geberit AG.		32,510,126
	15,104,024		Glencore Xstrata plc		66,629,806
	930,466		Swatch Group AG. (Registered)		71,668,250
			TOTAL SWITZERLAND		314,647,389
TAIWAN - 1.1%
	38,499,239		Advanced Semiconductor Engineering, Inc		51,652,016
			TOTAL TAIWAN		51,652,016

112

TIAA-CREF FUNDS - International Equity Fund

SHARES			COMPANY	VALUE
UNITED KINGDOM - 5.4%
	16,057,011		CNH Industrial NV	$	185,995,360
	2,382,005		Diageo plc		76,931,517
	55,138		Rio Tinto plc		2,584,153
			TOTAL UNITED KINGDOM		265,511,030
UNITED STATES - 1.4%
	1,264,516		WisdomTree Japan Hedged Equity Fund		66,134,187
			TOTAL UNITED STATES		66,134,187
URUGUAY - 0.9%
	5,254,155	*	Arcos Dorados Holdings, Inc		46,236,564
			TOTAL URUGUAY		46,236,564
			TOTAL COMMON STOCKS		4,846,629,121
			(Cost $4,121,068,563)

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 2.7%
GOVERNMENT AGENCY DEBT - 0.2%
$	9,350,000		Federal Home Loan Bank (FHLB)		0.800	%	08/01/17		9,350,000
			TOTAL GOVERNMENT AGENCY DEBT						9,350,000
TREASURY DEBT - 0.7%
	18,400,000		United States Treasury Bill		0.921		08/03/17		18,399,043
	16,920,000		United States Treasury Bill		0.957		08/10/17		16,915,990
			TOTAL TREASURY DEBT						35,315,033
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.8%
	85,914,018	c	State Street Navigator Securities Lending Government Money Market Portfolio						85,914,018
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						85,914,018
			TOTAL SHORT-TERM INVESTMENTS						130,579,051
			(Cost $130,579,031)
			TOTAL INVESTMENTS - 102.0%						4,977,208,172
			(Cost $4,251,647,594)
			OTHER ASSETS & LIABILITIES, NET - (2.0)%						(97,601,241	)
			NET ASSETS - 100.0%					$	4,879,606,931

Abbreviation(s):

ADR    American Depositary Receipt

*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $81,987,009.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 7/31/2017, the aggregate value of these securities amounted to $135,397,336 or 2.8% of net assets.

113

TIAA-CREF FUNDS - International Equity Fund

TIAA-CREF FUNDS

INTERNATIONAL EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2017

SECTOR	VALUE			% OF NET ASSETS
INDUSTRIALS	$	1,227,078,809			25.1	%
FINANCIALS		1,220,572,948			25.0
CONSUMER DISCRETIONARY		945,632,274			19.4
MATERIALS		660,523,792			13.6
CONSUMER STAPLES		327,870,676			6.7
INFORMATION TECHNOLOGY		322,077,336			6.6
HEALTH CARE		73,535,151			1.5
REAL ESTATE		48,142,696			1.0
ENERGY		21,195,439			0.4
SHORT-TERM INVESTMENTS		130,579,051			2.7
OTHER ASSETS & LIABILITIES, NET		(97,601,241	)		(2.0	)
NET ASSETS	$	4,879,606,931			100.0	%

114

TIAA-CREF FUNDS - International Opportunities Fund

TIAA-CREF FUNDS
INTERNATIONAL OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 95.5%
AUSTRALIA - 2.8%
	785,401		Australia & New Zealand Banking Group Ltd	$	18,621,185
	934,508		BHP Billiton Ltd		19,462,451
			TOTAL AUSTRALIA		38,083,636
AUSTRIA - 1.0%
	187,272		ams AG.		13,496,040
			TOTAL AUSTRIA		13,496,040
BRAZIL - 2.5%
	1,469,637		Banco Itau Holding Financeira S.A.		17,588,421
	743,600	*	Cia Brasileira de Distribuicao Grupo Pao de Acucar		17,288,310
			TOTAL BRAZIL		34,876,731
CANADA - 7.6%
	405,366		Alimentation Couche Tard, Inc		19,222,168
	230,600	*	Bank of Montreal		17,489,902
	1,009,191		Cenovus Energy, Inc (Toronto)		8,475,019
	287,265		Dollarama, Inc		28,080,197
	105,400	*	Shopify, Inc		9,712,778
	382,104	*,g	Spin Master Corp		11,713,668
	332,121		Suncor Energy, Inc		10,834,057
			TOTAL CANADA		105,527,789
CHINA - 4.7%
	14,247,400	*,e,m	China Animal Healthcare Ltd		18,241
	9,907,600		China Everbright International Ltd		12,919,637
	3,273,200		Haitong Securities Co Ltd		5,212,997
	3,006,900	*,e,g	Meitu, Inc		4,219,815
	1,134,200		Sunny Optical Technology Group Co Ltd		13,478,770
	744,000		Tencent Holdings Ltd		29,695,988
			TOTAL CHINA		65,545,448
FINLAND - 2.8%
	322,682		Huhtamaki Oyj		12,504,174
	1,244,669		Outokumpu Oyj		10,459,132
	296,996		Sampo Oyj (A Shares)		16,243,179
			TOTAL FINLAND		39,206,485
FRANCE - 3.5%
	72,612		L’Oreal S.A.		15,043,771
	135,639		Teleperformance		18,898,936
	211,204		Valeo S.A.		14,623,459
			TOTAL FRANCE		48,566,166

115

TIAA-CREF FUNDS - International Opportunities Fund

SHARES			COMPANY	VALUE
GERMANY - 3.7%
	144,082		Beiersdorf AG.	$	15,811,392
	162,151		Fresenius Medical Care AG.		15,290,909
	108,757		Linde AG.		20,746,560
			TOTAL GERMANY		51,848,861
HONG KONG - 2.4%
	2,685,000		AIA Group Ltd		21,118,881
	597,002		Melco Crown Entertainment Ltd (ADR)		12,059,440
			TOTAL HONG KONG		33,178,321
INDIA - 1.5%
	679,060		Container Corp Of India Ltd		12,106,696
	1,293,900	*	Vakrangee Ltd		8,897,469
			TOTAL INDIA		21,004,165
INDONESIA - 1.1%
	13,662,600		Bank Rakyat Indonesia		15,137,763
			TOTAL INDONESIA		15,137,763
IRELAND - 2.5%
	436,047		CRH plc		15,305,623
	512,586		Keywords Studios plc		7,635,497
	395,689		Smurfit Kappa Group plc		11,766,630
			TOTAL IRELAND		34,707,750
ISLE OF MAN - 1.2%
	2,098,641	*	Optimal Payments plc		16,334,209
			TOTAL ISLE OF MAN		16,334,209
ITALY - 2.6%
	523,589		Moncler S.p.A		14,060,625
	962,476	g	OVS S.p.A		7,280,655
	423,963	*,e	Yoox S.p.A		14,042,669
			TOTAL ITALY		35,383,949
JAPAN - 15.4%
	155,500	e	GMO Payment Gateway, Inc		9,172,450
	1,643,200	e	Infomart Corp		12,063,524
	582,800	e	Istyle, Inc		3,880,083
	629,200		Kubota Corp		10,926,120
	301,400		Megachips Corp		8,039,017
	502,300	e	MonotaRO Co Ltd		16,568,389
	104,501		Murata Manufacturing Co Ltd		16,257,152
	178,601		Nitto Denko Corp		15,925,674
	2,329,200		Nomura Holdings, Inc		13,838,291
	879,600		ORIX Corp		13,957,862
	260,200		Paltac Corp		9,440,678
	318,402		Seria Co Ltd		15,803,037
	1,382,700		Shimizu Corp		14,609,585
	404,200		SMS Co Ltd		12,790,789

116

TIAA-CREF FUNDS - International Opportunities Fund

SHARES			COMPANY	VALUE
	402,100		Sumitomo Mitsui Financial Group, Inc	$	15,515,342
	104,300		Sysmex Corp		5,970,671
	303,200	*	Tokyo Base Co Ltd		14,312,988
	125,157	*,e	Wash House Co Ltd		4,737,666
			TOTAL JAPAN		213,809,318
KOREA, REPUBLIC OF - 1.8%
	66,594		Hanssem Co Ltd		10,472,440
	255,400		Hynix Semiconductor, Inc		15,015,565
			TOTAL KOREA, REPUBLIC OF		25,488,005
MALAYSIA - 0.5%
	16,983,200		Karex BHD		6,425,968
			TOTAL MALAYSIA		6,425,968
NETHERLANDS - 3.0%
	133,747		ASML Holding NV		20,169,192
	1,165,720		ING Groep NV		21,780,120
			TOTAL NETHERLANDS		41,949,312
NORWAY - 3.8%
	694,786		Aker BP ASA		13,124,457
	944,257		DNB NOR Holding ASA		18,549,442
	769,506		Statoil ASA		14,462,152
	340,210		TGS Nopec Geophysical Co ASA		7,189,535
			TOTAL NORWAY		53,325,586
PHILIPPINES - 2.0%
	5,703,054		Banco de Oro Universal Bank		14,221,425
	7,637,820	*	Robinsons Retail Holdings, Inc		13,117,364
			TOTAL PHILIPPINES		27,338,789
PORTUGAL - 1.0%
	705,296		Jeronimo Martins SGPS S.A.		13,871,988
			TOTAL PORTUGAL		13,871,988
SPAIN - 1.9%
	279,399		Amadeus IT Holding S.A.		17,198,096
	142,139	*,e,m	Let’s GOWEX S.A.		1,683
	273,805		Tecnicas Reunidas S.A.		9,709,413
			TOTAL SPAIN		26,909,192
SWEDEN - 3.0%
	416,726		Boliden AB		13,082,709
	336,635		Hexagon AB (B Shares)		16,633,557
	345,300	e	Intrum Justitia AB		11,235,825
			TOTAL SWEDEN		40,952,091
SWITZERLAND - 3.0%
	95,367		Lonza Group AG.		22,666,313
	222,935		Novartis AG.		18,989,094
			TOTAL SWITZERLAND		41,655,407

117

TIAA-CREF FUNDS - International Opportunities Fund

SHARES			COMPANY	VALUE
	TAIWAN - 5.0%
	3,067,149		Hota Industrial Manufacturing Co Ltd	$	14,037,798
	2,245,000		Hu Lane Associate, Inc		13,382,963
	621,000		Nien Made Enterprise Co Ltd		7,578,040
	4,790,600		Powertech Technology, Inc		15,523,393
	3,221,000		Taiwan Paiho Ltd		13,438,072
	1,059,700		VHQ Media Holdings Ltd		5,017,208
			TOTAL TAIWAN		68,977,474
UNITED KINGDOM - 15.2%
	1,268,380		Ashtead Group plc		27,250,265
	167,072	*	ASOS plc		12,736,243
	2,404,119		Beazley plc		16,247,260
	4,346,188	*	boohoo.com plc		13,495,966
	1,144,116		Cineworld Group plc		10,402,415
	935,300		CNH Industrial NV		10,833,988
	2,360,229		Electrocomponents plc		19,317,322
	543,423		Fevertree Drinks plc		15,414,009
	916,218		GlaxoSmithKline plc		18,239,121
	1,517,394	*	Just Eat plc		12,428,821
	2,291,785	*,e	Purplebricks Group plc		14,514,155
	208,735		Rightmove plc		11,579,286
	5,592,178		Taylor Wimpey plc		14,045,315
	2,088,815		Vesuvius plc		14,978,770
			TOTAL UNITED KINGDOM		211,482,936
			TOTAL COMMON STOCKS (Cost $992,061,839)		1,325,083,379

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 9.4%
GOVERNMENT AGENCY DEBT - 1.4%
$	20,000,000		Federal Home Loan Bank (FHLB)		0.800	%	08/01/17		20,000,000
			TOTAL GOVERNMENT AGENCY DEBT						20,000,000
TREASURY DEBT - 4.0%
	16,050,000		United States Treasury Bill		0.920		08/03/17		16,049,166
	18,590,000		United States Treasury Bill		0.908		08/10/17		18,585,594
	19,365,000		United States Treasury Bill		0.952		08/17/17		19,356,634
			TOTAL TREASURY DEBT						53,991,394
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 4.0%
	55,955,405	c	State Street Navigator Securities Lending Government Money Market Portfolio						55,955,405
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						55,955,405
			TOTAL SHORT-TERM INVESTMENTS						129,946,799
			(Cost $129,947,178)
			TOTAL INVESTMENTS - 104.9%						1,455,030,178
			(Cost $1,122,009,017)
			OTHER ASSETS & LIABILITIES, NET - (4.9)%						(67,635,675	)
			NET ASSETS - 100.0%					$	1,387,394,503

118

TIAA-CREF FUNDS - International Opportunities Fund

	Abbreviation(s):
	ADR    American Depositary Receipt
*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $52,355,653.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 7/31/2017, the aggregate value of these securities amounted to $23,214,138 or 1.7% of net assets.
m	Indicates a security that has been deemed illiquid.

119

TIAA-CREF FUNDS - International Opportunities Fund

TIAA-CREF FUNDS
INTERNATIONAL OPPORTUNITIES FUND
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
July 31, 2017

SECTOR	VALUE			% OF NET ASSETS
INFORMATION TECHNOLOGY	$	293,538,813			21.2	%
CONSUMER DISCRETIONARY		260,761,542			18.8
FINANCIALS		225,522,070			16.3
INDUSTRIALS		150,328,211			10.8
MATERIALS		119,252,953			8.6
CONSUMER STAPLES		116,194,970			8.4
HEALTH CARE		81,174,349			5.8
ENERGY		63,794,633			4.6
REAL ESTATE		14,514,155			1.0
TELECOMMUNICATION SERVICES		1,683			0.0
SHORT-TERM INVESTMENTS		129,946,799			9.4
OTHER ASSETS & LIABILITIES, NET		(67,635,675	)		(4.9	)
NET ASSETS	$	1,387,394,503			100.0	%

120

TIAA-CREF FUNDS - International Small-Cap Equity Fund

TIAA-CREF FUNDS

INTERNATIONAL SMALL-CAP EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.8%
AUSTRALIA - 4.2%
	839,299		Abacus Property Group	$	2,088,969
	2,164,000		Australian Pharmaceutical Industries Ltd		3,038,426
	15,000		Cedar Woods Properties Ltd		58,920
	2,340,000		Cromwell Group		1,722,540
	1,486,800		Downer EDI Ltd		7,567,924
	209,000		GrainCorp Ltd-A		1,459,250
	1,230,000		ING Office Fund		4,468,936
	400,000		Macquarie CountryWide Trust		1,312,472
	500,000		Metcash Ltd		1,048,320
	1,000,000		Nine Entertainment Co Holdings Ltd		1,151,615
	400,000		Northern Star Resources Ltd		1,417,079
	241,000		OceanaGold Corp		659,162
	625,000		Pact Group Holdings Ltd		2,866,123
	1,171,000		Regis Resources Ltd		3,608,951
	1,100,000		Shopping Centres Australasia Property Group		1,910,793
	2,363,000		Sigma Healthcare Ltd		1,815,587
	581,907		Tassal Group Ltd		1,765,173
			TOTAL AUSTRALIA		37,960,240
AUSTRIA - 1.3%
	15,000		ams AG.		1,080,998
	109,000		CA Immobilien Anlagen AG.		2,812,947
	15,000		Lenzing AG.		2,681,308
	42,000		Sparkassen Immobilien AG.		628,535
	408,000		Uniqa Versicherungen AG.		4,223,742
			TOTAL AUSTRIA		11,427,530
BELGIUM - 0.7%
	254,000	*	AGFA-Gevaert NV		1,185,001
	12,000		Barco NV		1,201,886
	28,000		Econocom Group S.A.		213,985
	13,000		EVS Broadcast Equipment S.A.		528,241
	7,000		Ion Beam Applications		248,260
	8,000		Sioen Industries NV		277,672
	22,000		Warehouses De Pauw SCA		2,442,630
			TOTAL BELGIUM		6,097,675
BRAZIL - 1.6%
	260,000		Banco ABC Brasil S.A.		1,364,888
	1,000,000	*	Cia de Saneamento do Parana		3,399,234
	382,000		CVC Brasil Operadora e Agencia de Viagens S.A.		4,367,149
	78,000		Magnesita Refratarios S.A.		872,962
	85,000		Multiplus S.A.		1,084,596

121

TIAA-CREF FUNDS - International Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	456,000		QGEP Participacoes S.A.	$	1,064,563
	100,000		Smiles S.A.		2,087,322
	119,000		Wiz Solucoes e Corretagem de Seguros S.A.		755,592
			TOTAL BRAZIL		14,996,306
CANADA - 6.2%
	101,000		AGF Management Ltd		606,770
	187,000		Canadian Apartment Properties REIT		4,861,175
	155,000	e	Canadian Western Bank		3,481,051
	194,000	*	Capital Power Corp		3,829,429
	214,000		Cascades, Inc		2,638,203
	35,000	*	Celestica, Inc		416,042
	274,000		Corus Entertainment, Inc		3,041,636
	108,000		Dominion Diamond Corp		1,519,406
	211,000		Dream Global REIT		1,738,095
	79,000		Dream Industrial Real Estate Investment Trust		569,015
	14,000	e	Exchange Income Corp		323,850
	172,000	e	Extendicare, Inc		1,309,228
	163,000	e	Genworth MI Canada, Inc		4,755,011
	71,000		Gluskin Sheff + Associates, Inc		966,409
	93,000		Granite REIT		3,743,870
	3,000		iShares S&P		38,187
	228,000		Just Energy Income Fund		1,223,437
	51,000		Kirkland Lake Gold Ltd		528,510
	69,000	e	Labrador Iron Ore Royalty Corp		953,022
	92,000		Laurentian Bank of Canada		3,997,305
	87,000		North West Co, Inc		2,131,125
	189,000		NorthWest Healthcare Properties Real Estate Investment Trust		1,609,930
	188,000	*	Paramount Resources Ltd (Class A)		3,012,825
	700,000		Pure Industrial Real Estate Trust		3,576,499
	132,000		Rogers Sugar, Inc		678,661
	345,000		Silvercorp Metals, Inc		1,015,560
	100,000		Timbercreek Financial Corp		752,356
	9,000		TMX Group Ltd		477,161
	103,000		Transcontinental, Inc		2,100,068
	49,000		Valener, Inc		847,355
			TOTAL CANADA		56,741,191
CHILE - 0.5%
	686,000	*	E.CL SA		1,491,529
	391,000		Inversiones Aguas Metropolitanas S.A.		678,454
	37,000		Inversiones La Construccion S.A.		491,895
	790,000		Parque Arauco S.A.		2,085,423
			TOTAL CHILE		4,747,301
CHINA - 4.1%
	2,014,000		Beijing Capital Land Ltd		1,061,472
	3,128,000	*	BYD Electronic International Co Ltd		7,890,501
	2,660,000		CGN New Energy Holdings Co Ltd		384,557
	1,314,000		China Aoyuan Property Group Ltd		562,705
	5,614,000		China SCE Property Holdings Ltd		2,745,001
	407,000		China Shineway Pharmaceutical Group Ltd		407,116
	5,451,000		China Suntien Green Energy Cor		1,150,925

122

TIAA-CREF FUNDS - International Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	4,840,000		CIFI Holdings Group Co Ltd	$	2,754,083
	2,849,000		Citic 1616 Holdings Ltd		867,362
	610,000	g	Hua Hong Semiconductor Ltd		826,556
	5,214,000		Huadian Fuxin Energy Corp Ltd		1,153,569
	183,000	*	JA Solar Holdings Co Ltd (ADR)		1,149,240
	97,000	*,e	JinkoSolar Holding Co Ltd (ADR)		2,679,140
	235,000		Lao Feng Xiang Co Ltd		912,058
	1,690,000		Logan Property Holdings Co Ltd		1,464,805
	1,834,000		Powerlong Real Estate Holdings Ltd		856,480
	1,958,000		Shandong Chenming Paper Holdings Ltd		2,999,811
	1,198,000		Sichuan Expressway Co Ltd		494,996
	689,000		SITC International Co Ltd		573,231
	183,000		Tianjin ZhongXin Pharmaceutical Group Corp Ltd		183,000
	2,138,000		Tianneng Power International Ltd		1,695,408
	615,000	g	Universal Medical Financial & Technical Advisory Services Co Ltd		489,297
	2,494,000		Winteam Pharmaceutical Group Ltd		1,323,504
	16,080,000		Yuexiul Property Co Ltd		3,022,872
			TOTAL CHINA		37,647,689
DENMARK - 1.7%
	126,000		Alm Brand AS		1,263,122
	78,000		GN Store Nord		2,372,459
	31,000		Schouw & Co		3,404,055
	123,000		Spar Nord Bank A/s		1,653,091
	154,000		Sydbank AS		6,415,038
			TOTAL DENMARK		15,107,765
EGYPT - 0.1%
	310,000		Alexandria Mineral Oils Co		177,885
	1,584,608		Medinet Nasr Housing		925,202
			TOTAL EGYPT		1,103,087
FINLAND - 0.5%
	100,000		Finnair Oyj		1,083,177
	115,000		Outokumpu Oyj		966,362
	155,000		Valmet Corp		2,825,415
			TOTAL FINLAND		4,874,954
FRANCE - 3.3%
	668,000	*	Air France-KLM		9,044,706
	18,000		Altamir Amboise		358,194
	130,000		Faurecia		7,218,651
	56,000		Gaztransport Et Technigaz S.A.		2,667,623
	14,000		IPSOS		483,441
	97,000		M6-Metropole Television		2,346,938
	14,000		MGI Coutier		563,113
	31,000		Neopost S.A.		1,421,511
	20,000		Orpea		2,293,462
	84,000		Rallye S.A.		1,784,934
	31,000		Sechilienne-Sidec		728,452
	6,000		Synergie S.A		284,254
	5,000		Trigano S.A.		658,193
			TOTAL FRANCE		29,853,472

123

TIAA-CREF FUNDS - International Small-Cap Equity Fund

SHARES			COMPANY	VALUE
GERMANY - 4.1%
	152,000		Aareal Bank AG.	$	6,339,693
	5,000		Amadeus Fire AG		461,836
	21,000		bet-at-home.com AG.		2,709,604
	397,000	g	Deutsche Pfandbriefbank AG.		5,230,872
	35,000		Draegerwerk AG.		3,765,613
	5,000		Draegerwerk AG. & Co KGaA		406,931
	8,000		Duerr AG.		974,695
	58,000		Hamburger Hafen und Logistik AG.		1,622,126
	30,000		Koenig & Bauer AG.		2,350,150
	54,000		MTU Aero Engines Holding AG.		7,913,904
	7,000		Pfeiffer Vacuum Technology AG.		1,187,069
	113,000		SAF-Holland S.A.		1,996,627
	93,000		Verbio AG.		1,057,558
	11,000	e	Wacker Chemie AG.		1,365,146
	3,000		Wincor Nixdorf AG.		255,360
			TOTAL GERMANY		37,637,184
GREECE - 0.4%
	144,000		Hellenic Petroleum S.A.		1,331,452
	119,000		Motor Oil Hellas Corinth Refineries S.A.		2,679,379
			TOTAL GREECE		4,010,831
HONG KONG - 2.3%
	703,000		Ajisen China Holdings Ltd		304,212
	10,260,000		Concord New Energy Group Ltd		439,386
	2,440,000		CSI Properties Ltd		129,641
	1,890,000		Emperor International Holdings		730,358
	902,635		Far East Consortium		497,656
	240,165		Great Eagle Holdings Ltd		1,317,544
	168,000		Johnson Electric Holdings Ltd		596,971
	978,000		Ju Teng International Holdings Ltd		394,081
	2,983,429		K Wah International Holdings Ltd		1,792,950
	849,000		Kerry Logistics Network Ltd		1,220,857
	1,600,000		Kingboard Chemical Holdings Ltd		7,203,405
	325,000		Lee & Man Paper Manufacturing Ltd		346,109
	795,000		Melco International Development		1,878,580
	623,000	e	PAX Global Technology Ltd		413,125
	833,000		Road King Infrastructure		1,095,747
	974,000		Texhong Textile Group Ltd		1,046,835
	1,518,000		Texwinca Holdings Ltd		920,926
	280,000		VST Holdings Ltd		74,678
	408,000		Xinyi Glass Holdings Co Ltd		421,585
			TOTAL HONG KONG		20,824,646
HUNGARY - 0.2%
	1,017,000		Magyar Telekom		1,837,678
			TOTAL HUNGARY		1,837,678
INDIA - 1.3%
	236,000	*	Adani Enterprises Ltd		507,313

124

TIAA-CREF FUNDS - International Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	411,000	*	Apollo Tyres Ltd	$	1,707,813
	196,000		Balrampur Chini Mills Ltd		505,394
	263,000	*	Canara Bank		1,507,877
	43,000		CESC Ltd		632,207
	113,000		Gujarat Narmada Valley Fertilizers Co Ltd		527,285
	347,000	*	JK Tyre & Industries Ltd		875,497
	349,000		Karnataka Bank Ltd		837,435
	67,000	*	Muthoot Finance Ltd		494,851
	42,000		Natco Pharma Ltd		636,950
	78,000	*	Rajesh Exports Ltd		864,576
	369,000		Reliance Energy Ltd		3,039,948
			TOTAL INDIA		12,137,146
INDONESIA - 0.6%
	16,296,000		PT Bank Pembangunan Daerah Jawa Timur Tbk		770,172
	11,000,000		PT Bank Tabungan Negara Tbk		2,146,273
	1,986,000		PT Indo Tambangraya Megah		2,981,105
			TOTAL INDONESIA		5,897,550
IRELAND - 1.6%
	108,000	*	Kingspan Group plc		3,595,154
	106,000		Origin Enterprises plc		825,677
	35,000	*,e	Permanent TSB Group Holdings plc		84,938
	68,000		Smurfit Kappa Group plc		2,022,121
	727,000		United Drug plc		8,116,683
			TOTAL IRELAND		14,644,573
ISRAEL - 0.6%
	60,000		Delek Automotive Systems Ltd		496,511
	1,640,000		El Al Israel Airlines		1,558,178
	11,000		Gazit, Inc		197,994
	215,000		Harel Insurance Investments & Finances Ltd		1,278,490
	75,000		Matrix IT Ltd		768,484
	721,000		Migdal Insurance Holdings Ltd		739,593
			TOTAL ISRAEL		5,039,250
ITALY - 2.6%
	578,000		Actelios S.p.A.		867,823
	216,000		Ascopiave S.p.A.		885,748
	504,000		Astaldi S.p.A.		3,347,774
	88,000		Banca IFIS S.p.A.		4,129,890
	68,000		Biesse S.p.A.		2,591,407
	260,000		Brembo S.p.A		3,998,152
	22,000		Industria Macchine Automatiche S.p.A.		2,181,152
	1,016,000		Iride S.p.A.		2,585,894
	541,000		Maire Tecnimont S.p.A		3,035,132
			TOTAL ITALY		23,622,972
JAPAN - 21.2%
	104,000		Adastria Holdings Co Ltd		2,598,021
	226,000		ADEKA Corp		3,469,368
	86,000		Arcs Co Ltd		1,859,817

125

TIAA-CREF FUNDS - International Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	1,078,000	e	Ardepro Co Ltd	$	1,386,626
	9,000		Chori Co Ltd		166,789
	183,000		Cosmo Energy Holdings Co Ltd		3,170,906
	18,000		Create SD Holdings Co Ltd		455,448
	82,000		Daido Metal Co Ltd		734,976
	311,000		Daiho Corp		1,502,962
	683,000		Daikyo, Inc		1,430,613
	37,000		Daikyonishikawa Corp		552,621
	518,000		Daiwabo Co Ltd		2,038,531
	162,000		DCM Japan Holdings Co Ltd		1,410,755
	97,000		Eagle Industry Co Ltd		1,688,213
	105,000		Exedy Corp		3,286,180
	66,000		Fuji Oil Co Ltd		1,559,377
	19,000		Fukuda Corp		871,499
	3,000		Fukuda Denshi Co Ltd		223,139
	22,000		Furukawa Electric Co Ltd		992,837
	80,000		Futaba Industrial Co Ltd		828,888
	141,000	e	Geo Holdings Corp		1,541,612
	14,000		G-Tekt Corp		270,945
	241,000		Haseko Corp		3,017,473
	222,000		Hazama Ando Corp		1,531,916
	48,000		Heiwado Co Ltd		1,090,756
	18,000		Hitachi Capital Corp		428,212
	82,000		Hitachi Transport System Ltd		1,887,447
	10,000		Inaba Denki Sangyo Co Ltd		393,875
	29,000		Inabata & Co Ltd		407,644
	115,000	*	Ishihara Sangyo Kaisha Ltd		1,259,804
	127,000		Itochu Enex Co Ltd		1,142,826
	49,000		Jaccs Co Ltd		229,724
	167,000	*,e	Japan Display, Inc		298,882
	146,000		Japan Pulp & Paper Co Ltd		558,604
	34,000		Kaga Electronics Co Ltd		749,969
	58,000		Kaken Pharmaceutical Co Ltd		3,087,126
	137,000		Kandenko Co Ltd		1,466,196
	1,319,000		Kanematsu Corp		2,882,447
	70,000		Kasai Kogyo Co Ltd		911,205
	68,000		Kato Works Co Ltd		2,187,479
	85,000		Keihin Corp		1,223,058
	71,000		Konoike Transport Co Ltd		966,966
	125,000		K’s Holdings Corp		2,509,475
	1,572,000		Kumagai Gumi Co Ltd		5,445,094
	50,000		Kureha CORP		2,514,364
	229,000		Kyowa Exeo Corp		3,909,805
	796,000		Leopalace21 Corp		5,676,350
	81,000		Maeda Corp		979,356
	221,000		Maeda Road Construction Co Ltd		4,562,905
	243,000		Maruha Nichiro Corp		6,631,449
	40,000		Maruzen Showa Unyu Co Ltd		174,098
	336,000		Marvelous, Inc		3,139,382
	24,000		Matsumotokiyoshi Holdings Co Ltd		1,479,977
	60,000		Mitsui Sugar Co Ltd		1,821,739
	95,000		Nichii Gakkan Co		994,242

126

TIAA-CREF FUNDS - International Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	87,000		Nippo Corp	$	1,769,943
	77,000		Nippon Konpo Unyu Soko Co Ltd		1,820,293
	27,000		Nippon Steel Trading Co Ltd		1,391,759
	425,000		Nippon Suisan Kaisha Ltd		2,480,321
	88,000		Nipro Corp		1,193,705
	531,000		Nishimatsu Construction Co Ltd		3,055,867
	382,000		Nisshin Oillio Group Ltd		2,261,443
	134,000		Nojima Corp		2,168,847
	109,000	*	Okumura Corp		793,198
	18,000		Okuwa Co Ltd		191,654
	60,000		Open House Co Ltd		1,985,835
	55,000		Paramount Bed Holdings Co Ltd		2,505,797
	20,000		PC Depot Corp		115,121
	1,126,000		Penta-Ocean Construction Co Ltd		6,707,654
	81,000		Prima Meat Packers Ltd		517,117
	229,000		Raito Kogyo Co Ltd		2,473,717
	999,000		Rengo Co Ltd		5,671,041
	33,000		Sanyo Chemical Industries Ltd		1,567,148
	194,000		Seino Holdings Corp		2,612,183
	269,000		Senko Co Ltd		1,831,240
	27,000	e	Shikoku Electric Power Co, Inc		324,456
	151,000		Shinko Plantech Co Ltd		1,290,260
	123,000		Shinnihon Corp		1,001,872
	2,259,000	*	Sojitz Holdings Corp		5,690,577
	48,000	e	Studio Alice Co Ltd		1,127,192
	395,000		Sumitomo Forestry Co Ltd		6,046,473
	3,428,000		Sumitomo Mitsui Construction C		3,727,161
	21,000		Sun Frontier Fudousan Co Ltd		224,115
	38,000		Tachi-S Co Ltd		693,247
	89,000		Taihei Dengyo Kaisha Ltd		1,286,253
	48,000		Taiho Kogyo Co Ltd		676,666
	842,000		Takara Leben Co Ltd		3,862,602
	62,000		Telepark Corp		1,240,796
	137,000		Toho Pharmaceutical Co Ltd		2,708,309
	21,000		Token Corp		2,669,846
	62,000		Tokyo Rope Manufacturing Co Ltd		949,426
	333,000		Tokyu Construction Co Ltd		2,662,983
	101,000		Topre Corp		2,662,452
	197,000		Tosei Corp		1,539,714
	53,000		Towa Pharmaceutical Co Ltd		2,560,014
	460,000		Toyo Kanetsu K K		1,505,694
	25,000		Trans Cosmos, Inc/Japan		600,833
	51,000		Unipres Corp		1,186,124
	129,000		United Super Markets Holdings, Inc		1,309,036
	97,000	e	Unizo Holdings Co Ltd		2,250,631
	50,000	*	Valor Co Ltd		1,129,993
	47,000		VITAL KSK Holdings, Inc		376,454
	98,000		Yurtec Corp		665,277
	30,000	e	Zojirushi Corp		313,193
			TOTAL JAPAN		192,995,500
KOREA, REPUBLIC OF - 4.2%
	15,000		Chong Kun Dang Pharm Corp		893,862
	85,000		Daeduck Electronics Co		850,091

127

TIAA-CREF FUNDS - International Small-Cap Equity Fund

SHARES		COMPANY	VALUE
	50,000	Daeduck GDS Co Ltd	$	843,578
	24,000	Daewon Pharmaceutical Co Ltd		403,389
	70,000	Daishin Securities Co Ltd		957,326
	6,000	Dong-A Pharmaceutical Co Ltd		692,241
	367,000	Dongkuk Steel Mill Co Ltd		4,704,782
	131,000	Dongwon Development Co Ltd		585,318
	4,000	e Tec E&C Ltd		491,488
	497,000	Eugene Corp		2,797,299
	2,000	GS Home Shopping, Inc		420,586
	89,000	Halim Co Ltd		331,760
	81,000	Hanil E-Hwa Co Ltd		973,764
	51,000	Hansol Paper Co Ltd		865,900
	10,000	Korea District Heating Corp		691,901
	6,000	Korea Petrochemical Ind Co Ltd		1,383,969
	5,000	LG Fashion Corp		140,125
	5,000	LOTTE Himart Co Ltd		310,978
	48,000	LS Cable Ltd		3,608,117
	71,000	Meritz finance Holdings Co Ltd		964,389
	70,000	Meritz Fire & Marine Insurance Co Ltd		1,478,983
	400	Namyang Dairy Products Co Ltd		261,648
	76,000	Poongsan Corp		3,374,192
	58,000	POSCO Refractories & Environment Co Ltd		1,085,585
	96,000	Pyeong Hwa Automotive Co Ltd		1,230,621
	6,000	Samchully Co Ltd		613,914
	6,000	Samyang Corp		544,491
	40,000	Seah Besteel Corp		1,245,305
	10,000	SeAH Steel Corp		868,781
	18,010	SK Gas Co Ltd		1,850,676
	120,000	SL Corp		2,384,857
	22,000	Ssangyong Cement Industrial Co Ltd		282,114
		TOTAL KOREA, REPUBLIC OF		38,132,030
MALAYSIA - 0.4%
	118,500	Aeon Credit Service M BHD		376,300
	484,000	Mah Sing Group BHD		178,649
	104,000	Malaysian Pacific Industries BHD		344,601
	315,900	MKH BHD		166,011
	167,000	Scientex BHD		337,783
	778,710	Sunway BHD		778,355
	961,000	Supermax Corp BHD		430,952
	1,165,000	Unisem M BHD		1,043,881
	453,400	UOA Development BHD		275,333
		TOTAL MALAYSIA		3,931,865
MEXICO - 0.4%
	857,000	Bolsa Mexicana de Valores S.A. de C.V.		1,475,470
	198,000	Grupo Aeroportuario del Centro Norte Sab de C.V.		1,253,342
	128,000	Rassini SAB de C.V.		611,006
		TOTAL MEXICO		3,339,818
NETHERLANDS - 2.2%
	11,000	Advanced Metallurgical Group NV		379,721
	72,000	ASM International NV		4,332,797

128

TIAA-CREF FUNDS - International Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	280,000		ASR Nederland NV	$	10,590,278
	55,000		BE Semiconductor Industries NV		3,577,669
	68,000		ForFarmers NV		828,329
			TOTAL NETHERLANDS		19,708,794
NEW ZEALAND - 0.7%
	1,185,000		Air New Zealand Ltd		2,983,321
	509,000		Genesis Energy Ltd		948,167
	572,000		Infratil Ltd		1,327,955
	150,000		Z Energy Ltd		872,077
			TOTAL NEW ZEALAND		6,131,520
NORWAY - 1.7%
	50,000		Aker ASA (A Shares)		1,893,397
	127,000		Borregaard ASA		1,588,430
	84,000	g	Entra ASA		1,116,389
	330,000		Leroy Seafood Group ASA		1,915,427
	46,544		Norway Royal Salmon ASA		799,130
	151,000		Sparebanken Midt-Norge		1,526,737
	130,000		Sparebanken Nord-Norge		968,820
	654,000		Storebrand ASA		5,455,166
			TOTAL NORWAY		15,263,496
PHILIPPINES - 0.1%
	1,475,000		Cosco Capital, Inc		225,988
	1,539,000		First Gen Corp		527,640
			TOTAL PHILIPPINES		753,628
PORTUGAL - 0.5%
	279,000		Altri SGPS S.A.		1,267,090
	543,000		Portucel Empresa Produtora de Pasta e Papel S.A.		2,340,435
	72,000		Semapa-Sociedade de Investimento e Gestao		1,398,258
			TOTAL PORTUGAL		5,005,783
RUSSIA - 0.1%
	30,000	*,g	Aeroflot PJSC (ADR)		503,589
			TOTAL RUSSIA		503,589
SINGAPORE - 1.7%
	830,000		Accordia Golf Trust		431,797
	468,000		Ascendas Hospitality Trust		290,093
	67,000		China Yuchai International Ltd		1,512,860
	1,143,000		Croesus Retail Trust		1,003,705
	304,000		CWT Ltd		464,362
	1,457,000		Japfa Ltd		623,038
	201,141		QAF Ltd		193,697
	738,000		Venture Corp Ltd		7,169,434
	2,923,000		Yanlord Land Group Ltd		3,903,475
			TOTAL SINGAPORE		15,592,461
SOUTH AFRICA - 0.8%
	488,000		Barloworld Ltd		4,391,451

129

TIAA-CREF FUNDS - International Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	579,000		Delta Property Fund Ltd	$	319,403
	121,000		Lewis Group Ltd		282,791
	163,000		Peregrine Holdings Ltd		371,052
	118,000		Raubex Group Ltd		212,653
	383,000		Rebosis Property Fund Ltd		328,109
	2,270,000		S.A. Corporate Real Estate Fund Nominees Pty Ltd		964,583
	564,509		Vukile Property Fund Ltd		826,712
			TOTAL SOUTH AFRICA		7,696,754
SPAIN - 1.7%
	124,000		Antena 3 de Television S.A.		1,455,367
	49,000		Axia Real Estate SOCIMI S.A.		915,048
	85,000		Cie Automotive S.A.		2,103,900
	15,000		Corp Financiera Alba		940,233
	64,000		Grupo Catalana Occidente S.A.		2,847,112
	111,000		Hispania Activos Inmobiliarios SAU		2,002,564
	330,000		Merlin Properties Socimi S.A.		4,441,038
	61,000		Papeles y Cartones de Europa S.A.		535,812
			TOTAL SPAIN		15,241,074
SWEDEN - 3.5%
	16,000		Biogaia AB (B Shares)		596,497
	62,000	*	D Carnegie & Co AB		898,462
	97,000		Holmen AB (B Shares)		4,381,058
	27,000		Investment AB Oresund		480,722
	189,000		JM AB		6,633,727
	97,000		KappAhl Holding AB		551,839
	85,000		New Wave Group AB (B Shares)		592,152
	12,000		Probi AB		549,927
	142,000		Saab AB (Class B)		6,588,727
	261,000	g	Scandic Hotels Group AB		3,628,682
	313,000		Trelleborg AB (B Shares)		7,371,924
			TOTAL SWEDEN		32,273,717
SWITZERLAND - 2.9%
	1,000		APG SGA S.A.		451,678
	44,000		BKW S.A.		2,507,182
	4,000		Bobst Group AG.		445,342
	14,500		Bossard Holding AG.		3,134,081
	207,000		Logitech International S.A.		7,513,064
	9,200		Mobimo Holding AG.		2,625,989
	120,000		OC Oerlikon Corp AG.		1,755,716
	214,000	g	Resurs Holding AB		1,416,398
	29,000		Temenos Group AG.		2,803,323
	59,000		Vontobel Holding AG.		3,924,962
			TOTAL SWITZERLAND		26,577,735
TAIWAN - 4.6%
	1,718,000		Asia Vital Components Co Ltd		1,505,498
	3,135,000		Benq Corp		2,479,849
	1,090,000		Charoen Pokphand Enterprise		2,488,129
	1,186,000		China Motor Corp		1,024,773
	4,896,000		Compeq Manufacturing Co		4,513,459

130

TIAA-CREF FUNDS - International Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	276,000		CTCI Corp	$	450,137
	613,000		General Interface Solution Holding Ltd		5,876,733
	2,898,000		Grand Pacific Petrochemical		2,094,383
	17,533,000	*	HannStar Display Corp		5,297,697
	836,000		LEE Chang Yung Chem IND Corp		1,213,161
	695,000		Mercuries & Associates Holding Ltd		522,275
	3,490,000		Mitac Holdings Corp		4,175,034
	404,000		Primax Electronics Ltd		882,398
	731,000		Prince Housing & Development Corp		263,835
	390,000		Radiant Opto-Electronics Corp		926,455
	86,000		Senao International Co Ltd		165,190
	849,000	*	Sercomm Corp		2,148,694
	834,000		Systex Corp		1,586,993
	707,000		Tripod Technology Corp		2,308,095
	1,387,200		USI Corp		687,088
	973,000		WT Microelectronics Co Ltd		1,441,290
			TOTAL TAIWAN		42,051,166
THAILAND - 1.3%
	219,000		Hana Microelectronics PCL (Foreign)		264,414
	1,294,000		Kiatnakin Bank PCL (Foreign)		2,595,186
	4,259,000		LPN Development PCL (Foreign)		1,485,112
	17,235,000		Quality House PCL		1,263,453
	1,550,000		SC Asset Corp PCL		150,916
	1,269,000		Siamgas & Petrochemicals PCL (Foreign)		579,991
	3,622,000		SVI PCL (Foreign)		604,093
	247,000		Thai Vegetable Oil PCL		224,535
	2,890,000		Thanachart Capital PCL		4,147,426
	400,000		Tisco Bank PCL		886,493
			TOTAL THAILAND		12,201,619
TURKEY - 0.8%
	145,000		Aygaz AS		664,438
	441,000		Selcuk Ecza Deposu Ticaret ve Sanayi AS		487,445
	2,349,599		Soda Sanayii AS		3,805,987
	2,251,494		Trakya Cam Sanayi AS		2,381,513
			TOTAL TURKEY		7,339,383
UNITED KINGDOM - 13.0%
	384,000		Advanced Medical Solutions Group plc		1,508,550
	255,000		Bellway plc		10,737,707
	2,936,000	*	boohoo.com plc		9,116,990
	399,000		Brewin Dolphin Holdings plc		1,891,075
	129,000		Clinigen Group plc		1,705,431
	437,000		Crest Nicholson Holdings plc		3,101,990
	114,000		CVS Group plc		1,940,310
	289,000		Dart Group plc		1,854,104
	130,000		Diploma plc		1,852,438
	725,000		Electrocomponents plc		5,933,771
	423,000		Fevertree Drinks plc		11,998,252
	323,000	g	Forterra plc		1,235,882
	785,000		Grainger plc		2,723,769
	1,376,000	g	Ibstock plc		4,629,512

131

TIAA-CREF FUNDS - International Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	942,000		JD Sports Fashion plc	$	4,452,725
	2,358,000		Melrose Industries plc		7,230,304
	1,018,000		Michael Page International plc		6,580,370
	256,000	g	On the Beach Group plc		1,570,614
	471,000		OneSavings Bank plc		2,455,922
	916,000		Paragon Group of Cos plc		5,230,631
	1,716,000		QinetiQ plc		5,458,049
	842,000		Redrow plc		6,576,736
	329,000		Scapa Group plc		2,082,512
	1,220,000		SSP Group plc		8,201,261
	305,000		Vesuvius plc		2,187,137
	533,000		Watkin Jones plc		1,371,319
	688,000		Yule Catto & Co plc		4,446,401
			TOTAL UNITED KINGDOM		118,073,762
UNITED STATES - 0.1%
	6,000		iShares MSCI EAFE Small-Cap ETF		358,860
	2,500	e	iShares MSCI Emerging Markets Small-Cap ETF		121,125
			TOTAL UNITED STATES		479,985
			TOTAL COMMON STOCKS		909,502,719
			(Cost $789,857,083)
RIGHTS / WARRANTS - 0.0%
BRAZIL - 0.0%
	9,154	m	Banco ABC Brasil S.A.		8,795
			TOTAL BRAZIL		8,795
KOREA, REPUBLIC OF - 0.0%
	1,505	m	Ssangyong Cement Industrial Co Ltd		1,412
			TOTAL KOREA, REPUBLIC OF		1,412
			TOTAL RIGHTS / WARRANTS		10,207
			(Cost $0)

PRINCIPAL		ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 2.0%
GOVERNMENT AGENCY DEBT - 0.3%
$	2,900,000	Federal Home Loan Bank (FHLB)		0.800	%	08/01/17	2,900,000
		TOTAL GOVERNMENT AGENCY DEBT					2,900,000

SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.7%
	15,620,510	c	State Street Navigator Securities Lending Government Money Market Portfolio		15,620,510
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		15,620,510
			TOTAL SHORT-TERM INVESTMENTS		18,520,510
			(Cost $18,520,510)
			TOTAL INVESTMENTS - 101.8%		928,033,436
			(Cost $808,377,593)
			OTHER ASSETS & LIABILITIES, NET - (1.8)%		(16,650,588	)
			NET ASSETS - 100.0%	$	911,382,848

132

TIAA-CREF FUNDS - International Small-Cap Equity Fund

Abbreviation(s):

ADR   American Depositary Receipt

ETF     Exchange Traded Fund

REIT   Real Estate Investment Trust

*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $14,904,183.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 7/31/2017, the aggregate value of these securities amounted to $20,647,791 or 2.3% of net assets.
m	Indicates a security that has been deemed illiquid.

133

TIAA-CREF FUNDS - International Small-Cap Equity Fund

TIAA-CREF FUNDS

INTERNATIONAL SMALL-CAP EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2017

SECTOR	VALUE			% OF NET ASSETS
INDUSTRIALS	$	189,134,617			20.8	%
CONSUMER DISCRETIONARY		149,900,734			16.4
FINANCIALS		109,184,793			12.0
REAL ESTATE		102,019,385			11.2
INFORMATION TECHNOLOGY		101,767,741			11.2
MATERIALS		91,629,008			10.0
CONSUMER STAPLES		56,493,380			6.2
HEALTH CARE		50,448,907			5.5
UTILITIES		29,871,461			3.3
ENERGY		26,357,860			2.9
TELECOMMUNICATION SERVICES		2,705,040			0.3
SHORT-TERM INVESTMENTS		18,520,510			2.0
OTHER ASSETS & LIABILITIES, NET		(16,650,588	)		(1.8	)
NET ASSETS	$	911,382,848			100.0	%

134

TIAA-CREF FUNDS - Social Choice International Equity Fund

TIAA-CREF FUNDS

SOCIAL CHOICE INTERNATIONAL EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES		COMPANY	VALUE
COMMON STOCKS - 97.9%
AUSTRALIA - 7.0%
	2,612	AGL Energy Ltd	$	50,369
	1,739	Amcor Ltd		21,347
	13,984	AMP Ltd		60,284
	4,426	APA Group		30,534
	12,653	Australia & New Zealand Banking Group Ltd		299,992
	245	Bendigo Bank Ltd		2,179
	8,710	BlueScope Steel Ltd		91,756
	1,378	Boral Ltd		7,636
	6,452	Brambles Ltd		47,705
	2,186	Caltex Australia Ltd		54,477
	4,830	Coca-Cola Amatil Ltd		31,805
	167	Cochlear Ltd		19,077
	6,319	Commonwealth Bank of Australia		423,340
	255	Computershare Ltd		2,869
	1,343	GPT Group (ASE)		5,149
	10,833	Healthscope Ltd		18,032
	1,935	Insurance Australia Group Ltd		10,320
	1,393	Lend Lease Corp Ltd		18,789
	2,067	Macquarie Goodman Group		13,172
	2,420	Macquarie Group Ltd		166,141
	17,486	Mirvac Group		30,372
	11,803	National Australia Bank Ltd		282,951
	5,597	Newcrest Mining Ltd		90,943
	2,279	QR National Ltd		9,147
	1,822	Ramsay Health Care Ltd		102,881
	7,947	Scentre Group		26,279
	67,686	South32 Ltd		157,868
	12,714	Stockland Trust Group		42,748
	1,906	Sydney Airport		10,274
	8,377	Telstra Corp Ltd		27,481
	6,880	Transurban Group (ASE)		62,832
	3,756	Wesfarmers Ltd		122,391
	13,391	Westpac Banking Corp		341,338
	3,081	Woodside Petroleum Ltd		72,005
		TOTAL AUSTRALIA		2,754,483
AUSTRIA - 0.3%
	2,338	OMV AG.		132,441
		TOTAL AUSTRIA		132,441
BELGIUM - 0.5%
	2,083	KBC Groep NV		172,210
	437	Umicore		35,083
		TOTAL BELGIUM		207,293

135

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
DENMARK - 1.7%
	877		Coloplast AS	$	75,342
	640	*	Genmab AS		145,447
	7,381		Novo Nordisk AS		313,910
	664		Novozymes AS		30,661
	218		Pandora AS		25,089
	585		Vestas Wind Systems AS		57,173
			TOTAL DENMARK		647,622
FINLAND - 0.9%
	1,920		Neste Oil Oyj		83,240
	137		Nokian Renkaat Oyj		5,586
	1,656		Orion Oyj (Class B)		83,696
	2,271		UPM-Kymmene Oyj		61,824
	1,922		Wartsila Oyj (B Shares)		127,733
			TOTAL FINLAND		362,079
FRANCE - 9.6%
	2,430		Accor S.A.		112,882
	477		Aeroports de Paris		80,725
	1,642		Air Liquide		201,332
	8,977		AXA S.A.		265,122
	1,431		Cap Gemini S.A.		155,792
	2,740		Carrefour S.A.		65,815
	680		Casino Guichard Perrachon S.A.		41,474
	2,662		CNP Assurances		64,265
	3,308		Compagnie de Saint-Gobain		183,550
	1,346		Essilor International S.A.		170,413
	309		Eurazeo		25,222
	11,856		France Telecom S.A.		199,499
	128		Gecina S.A.		19,353
	3,009		Groupe Danone		224,532
	8		JC Decaux S.A.		285
	510		Kering		178,256
	241		Lagardere S.C.A.		7,918
	985		L’Oreal S.A.		204,073
	1,170		Michelin (C.G.D.E.) (Class B)		158,460
	17,159		Natixis		124,687
	1,578		Renault S.A.		142,165
	3,364		Rexel S.A.		53,270
	2,885		Schneider Electric S.A.		226,424
	6,001		Suez Environnement S.A.		108,506
	8,472		Total S.A.		430,832
	517		Unibail-Rodamco		129,304
	4,592		Vivendi Universal S.A.		106,139
	461		Wendel		69,363
			TOTAL FRANCE		3,749,658
GERMANY - 9.0%
	1,020		Adidas-Salomon AG.		232,962
	1,736		Allianz AG.		370,042
	3,518		BASF SE		334,913

136

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	2,005		Bayerische Motoren Werke AG.	$	184,218
	1,368		Bayerische Motoren Werke AG. (Preference)		109,011
	576		Beiersdorf AG.		63,210
	10,898	*	Commerzbank AG.		142,550
	1,381		Deutsche Boerse AG.		144,200
	5,380		Deutsche Post AG.		208,704
	1,441		Evonik Industries AG.		49,077
	675		Fraport AG. Frankfurt Airport Services Worldwide		67,594
	1,390		HeidelbergCement AG.		137,641
	990		Henkel KGaA		124,551
	687		Henkel KGaA (Preference)		97,312
	1,256		Merck KGaA		137,823
	2,377	*	Metro Wholesale & Food Specialist AG.		48,019
	813		Muenchener Rueckver AG.		174,632
	883		Osram Licht AG.		73,584
	1,115		ProSiebenSat. Media AG.		44,549
	3,687		SAP AG.		390,399
	2,856		Siemens AG.		387,564
			TOTAL GERMANY		3,522,555
HONG KONG - 3.3%
	33,000		BOC Hong Kong Holdings Ltd		162,244
	14,000		CLP Holdings Ltd		149,172
	26,000		Hang Lung Properties Ltd		64,664
	6,300		Hang Seng Bank Ltd		136,966
	16,500		Henderson Land Development Co Ltd		95,366
	75,790		Hong Kong & China Gas Ltd		143,248
	5,681		Hong Kong Exchanges and Clearing Ltd		161,842
	6,000		Hysan Development Co Ltd		29,014
	90,000		Li & Fung Ltd		32,922
	21,933		MTR Corp		126,654
	20,000		Shangri-La Asia Ltd		32,480
	5,500		Swire Pacific Ltd (Class A)		54,803
	20,600		Swire Properties Ltd		71,162
	6,500		Yue Yuen Industrial Holdings		26,836
			TOTAL HONG KONG		1,287,373
IRELAND - 0.4%
	2,670		CRH plc		93,719
	802		Kerry Group plc (Class A)		72,591
			TOTAL IRELAND		166,310
ISRAEL - 0.4%
	17,235		Bank Hapoalim Ltd		119,383
	7,044		Bank Leumi Le-Israel		33,840
			TOTAL ISRAEL		153,223
ITALY - 1.7%
	8,014		Assicurazioni Generali S.p.A.		145,360
	69,494		Banca Intesa S.p.A.		239,228
	39,733		Banca Intesa S.p.A. RSP		126,657
	23,830		Snam Rete Gas S.p.A.		112,746
	6,241		Terna Rete Elettrica Nazionale S.p.A.		35,653
			TOTAL ITALY		659,644

137

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
JAPAN - 22.7%
	1,200		Aeon Co Ltd	$	18,082
	1,200		AEON Financial Service Co Ltd		26,118
	800		Aeon Mall Co Ltd		15,237
	1,900		Aisin Seiki Co Ltd		98,779
	3,000		Ajinomoto Co, Inc		60,338
	1,200		Alfresa Holdings Corp		22,085
	1,000		All Nippon Airways Co Ltd		3,433
	400		Amada Co Ltd		4,568
	600		Asahi Glass Co Ltd		25,254
	7,000		Asahi Kasei Corp		79,940
	600		Asics Corp		10,907
	12,800		Astellas Pharma, Inc		163,015
	800		Casio Computer Co Ltd		13,105
	1,000		Central Japan Railway Co		160,927
	3,300		Chugai Pharmaceutical Co Ltd		132,344
	1,700		Daicel Chemical Industries Ltd		22,097
	1,400		Daikin Industries Ltd		148,223
	3,300		Daiwa House Industry Co Ltd		115,109
	3,700		Denso Corp		177,694
	600		Dentsu, Inc		28,055
	2,000		East Japan Railway Co		187,565
	1,300		Eisai Co Ltd		69,669
	200		Fast Retailing Co Ltd		60,010
	4,500		Fuji Heavy Industries Ltd		162,347
	2,900		Fujifilm Holdings Corp		106,599
	19,000		Fujitsu Ltd		141,488
	1,800		Hino Motors Ltd		21,185
	400		Hitachi Chemical Co Ltd		11,372
	400		Hitachi Construction Machinery Co Ltd		11,451
	100		Hitachi High-Technologies Corp		3,681
	7,300		Hitachi Metals Ltd		101,602
	8,500		Honda Motor Co Ltd		237,931
	4,700		Inpex Holdings, Inc		45,738
	1,000		Kajima Corp		8,720
	1,000		Kaneka Corp		8,013
	300		Kansai Paint Co Ltd		6,862
	1,800		Kao Corp		109,592
	12,000		Kawasaki Heavy Industries Ltd		38,207
	8,900		KDDI Corp		235,823
	500		Keyence Corp		230,957
	1,000		Kikkoman Corp		30,627
	5,800	*	Kobe Steel Ltd		72,546
	5,200		Komatsu Ltd		139,451
	2,100		Konica Minolta Holdings, Inc		17,395
	7,100		Kubota Corp		123,292
	600		Kuraray Co Ltd		11,665
	1,600		Kyocera Corp		97,200
	3,400		Kyowa Hakko Kogyo Co Ltd		61,575
	200		Marui Co Ltd		2,720
	13,700		Matsushita Electric Industrial Co Ltd		188,694

138

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	4,100		Mazda Motor Corp	$	61,634
	9,100		Mitsubishi Corp		197,581
	11,900		Mitsubishi Electric Corp		184,220
	7,500		Mitsubishi Estate Co Ltd		136,372
	3,900		Mitsubishi Materials Corp		131,017
	6,900		Mitsubishi UFJ Lease & Finance Co Ltd		36,757
	11,000		Mitsui Chemicals, Inc		62,492
	4,900		Mitsui Fudosan Co Ltd		112,456
	7,000		Mitsui OSK Lines Ltd		21,786
	3,800		Mitsui Trust Holdings, Inc		139,548
	125,100		Mizuho Financial Group, Inc		222,475
	1,200		Murata Manufacturing Co Ltd		186,683
	10,000		NEC Corp		27,184
	1,000		NGK Insulators Ltd		20,110
	1,500		NGK Spark Plug Co Ltd		30,284
	400		Nikon Corp		7,048
	8,000	*	Nippon Yusen Kabushiki Kaisha		15,272
	16,700		Nissan Motor Co Ltd		165,819
	500		Nissin Food Products Co Ltd		31,412
	900		Nitto Denko Corp		80,252
	2,400		NKSJ Holdings, Inc		94,133
	400		Nomura Real Estate Holdings, Inc		7,928
	100		Nomura Research Institute Ltd		3,743
	4,700		NSK Ltd		60,584
	8,300		NTT DoCoMo, Inc		192,743
	700		Obayashi Corp		8,428
	1,100		Omron Corp		54,881
	1,200		Oriental Land Co Ltd		86,989
	3,000		Osaka Gas Co Ltd		12,015
	24,300		Resona Holdings, Inc		125,185
	1,000		Santen Pharmaceutical Co Ltd		14,088
	400		Secom Co Ltd		30,011
	600		Sekisui Chemical Co Ltd		11,052
	1,600		Sekisui House Ltd		27,696
	2,600		Seven & I Holdings Co Ltd		104,792
	1,900		Shin-Etsu Chemical Co Ltd		173,783
	2,600		Shionogi & Co Ltd		138,814
	500		Shiseido Co Ltd		17,662
	2,700		Shoei Co Ltd		28,508
	1,600		Showa Shell Sekiyu KK		17,428
	6,100		Sony Corp		250,614
	300		Stanley Electric Co Ltd		9,910
	17,000		Sumitomo Chemical Co Ltd		99,350
	10,900		Sumitomo Corp		147,333
	1,300		Sumitomo Dainippon Pharma Co Ltd		18,210
	2,900		Sumitomo Electric Industries Ltd		46,877
	2,000		Sumitomo Heavy Industries Ltd		14,581
	9,000		Sumitomo Metal Mining Co Ltd		135,924
	1,200		Sumitomo Rubber Industries, Inc		20,808
	2,300		Suntory Beverage & Food Ltd		112,745
	500		Suzuken Co Ltd		16,698
	1,200		Sysmex Corp		68,694
	4,300		T&D Holdings, Inc		63,433

139

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	4,000		Takeda Pharmaceutical Co Ltd	$	211,307
	400		TDK Corp		28,749
	500		Teijin Ltd		10,025
	1,000		Toho Gas Co Ltd		6,777
	1,200		Tokyo Electron Ltd		168,765
	15,000		Tokyo Gas Co Ltd		79,587
	1,500		Tokyu Corp		22,072
	3,300		Tokyu Fudosan Holdings Corp		19,795
	4,000		Toray Industries, Inc		36,120
	400		Toto Ltd		16,097
	300		Toyo Suisan Kaisha Ltd		10,899
	3,800		Toyota Tsusho Corp		122,162
	1,300		Yakult Honsha Co Ltd		88,589
	100		Yamaha Corp		3,537
	2,100		Yamaha Motor Co Ltd		52,743
	1,400	*	Yaskawa Electric Corp		37,533
	200		Yokogawa Electric Corp		3,366
			TOTAL JAPAN		8,873,452
LUXEMBOURG - 0.3%
	1,243		SES Global S.A.		29,240
	4,169		Tenaris S.A.		65,964
			TOTAL LUXEMBOURG		95,204
NETHERLANDS - 3.3%
	14,933		Aegon NV		83,706
	1,446		Akzo Nobel NV		130,912
	1,780		ASML Holding NV		268,426
	582		DSM NV		42,933
	1,798		EXOR NV		107,676
	99		Gemalto NV		5,043
	16,452		ING Groep NV		307,387
	4,706		Koninklijke Ahold Delhaize NV		96,257
	7,090		Koninklijke KPN NV		25,711
	3,851		Koninklijke Philips Electronics NV		147,170
	938		Koninklijke Vopak NV		44,660
	633		NN Group NV		25,658
			TOTAL NETHERLANDS		1,285,539
NEW ZEALAND - 0.3%
	4,092		Auckland International Airport Ltd		21,393
	3,166		Fletcher Building Ltd		19,005
	13,018	*	Meridian Energy Ltd		28,160
	2,064		Ryman Healthcare Ltd		13,672
			TOTAL NEW ZEALAND		82,230
NORWAY - 1.3%
	5,715		DNB NOR Holding ASA		112,268
	21,347		Norsk Hydro ASA		137,742
	2,594		Orkla ASA		26,721
	783		PAN Fish ASA		14,598
	9,277		Statoil ASA		174,353
	2,321		Telenor ASA		46,335
			TOTAL NORWAY		512,017

140

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
PORTUGAL - 0.3%
	9,732		Energias de Portugal S.A.	$	34,553
	4,779		Galp Energia SGPS S.A.		76,562
	29		Jeronimo Martins SGPS S.A.		570
			TOTAL PORTUGAL		111,685
SINGAPORE - 1.7%
	5,260		Ascendas REIT		10,472
	25,600		CapitaLand Ltd		69,641
	7,100		CapitaMall Trust		10,525
	3,300		City Developments Ltd		27,392
	11,620		DBS Group Holdings Ltd		185,381
	19,200		Global Logistic Properties		46,860
	1,300		Jardine Cycle & Carriage Ltd		38,710
	19,400		Keppel Corp Ltd		91,746
	1,500		Singapore Airlines Ltd		11,495
	58,900		Singapore Telecommunications Ltd		172,414
			TOTAL SINGAPORE		664,636
SOUTH AFRICA - 0.7%
	10,563		Investec plc		80,205
	10,579	e	Mediclinic International plc		103,333
	2,733		Mondi plc		71,986
			TOTAL SOUTH AFRICA		255,524
SPAIN - 3.6%
	1,436		Amadeus IT Holding S.A.		88,392
	30,292		Banco Bilbao Vizcaya Argentaria S.A.		274,072
	43,956		Banco de Sabadell S.A.		98,159
	31,183		CaixaBank S.A.		162,421
	1,806		Enagas		51,043
	2,080		Ferrovial S.A.		44,855
	3,527		Gas Natural SDG S.A.		82,546
	28,598		Iberdrola S.A.		225,439
	5,490		Industria De Diseno Textil S.A.		217,922
	1,014		Red Electrica Corp S.A.		21,723
	9,458		Repsol YPF S.A.		158,402
			TOTAL SPAIN		1,424,974
SWEDEN - 3.4%
	3,048		Assa Abloy AB		65,297
	4,658		Atlas Copco AB (A Shares)		168,469
	4,247		Atlas Copco AB (B Shares)		137,543
	4,342		Boliden AB		136,313
	16,328		Ericsson (LM) (B Shares)		105,682
	2,532		Hennes & Mauritz AB (B Shares)		66,060
	602		Industrivarden AB		14,602
	16,091		Nordea Bank AB		203,034
	2,665		Sandvik AB		41,997
	8,558		Skandinaviska Enskilda Banken AB (Class A)		108,381

141

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	575		SKF AB (B Shares)	$	11,429
	6,092		Svenska Handelsbanken AB		90,674
	5,028		Swedbank AB (A Shares)		131,117
	14,416		TeliaSonera AB		67,768
			TOTAL SWEDEN		1,348,366
SWITZERLAND - 8.7%
	9,651		ABB Ltd		226,087
	1,478		Adecco S.A.		112,761
	2,000		Cie Financiere Richemont S.A.		170,020
	3,929		Coca-Cola HBC AG.		118,786
	65		Givaudan S.A.		129,325
	2,866		Holcim Ltd		171,247
	332		Kuehne & Nagel International AG.		57,816
	15		Lindt & Spruengli AG.		85,398
	1		Lindt & Spruengli AG. (Registered)		68,153
	684		Lonza Group AG.		162,569
	7,343		Novartis AG.		625,460
	2,325		Roche Holding AG.		588,619
	39		SGS S.A.		86,197
	21		Sika AG.		144,716
	1,791		Swiss Re Ltd		172,674
	238		Swisscom AG.		116,325
	2,428	*	Wolseley plc		144,971
	724		Zurich Financial Services AG.		220,660
			TOTAL SWITZERLAND		3,401,784
UNITED KINGDOM - 16.5%
	11,639		3i Group plc		143,685
	14,023		Aberdeen Asset Management plc		60,957
	3,818		Associated British Foods plc		149,359
	26,009		Aviva plc		184,873
	8,363		Barratt Developments plc		67,922
	768		Berkeley Group Holdings plc		35,419
	8,809		British Land Co plc		70,982
	50,515		BT Group plc		209,046
	4,338		Burberry Group plc		97,854
	9,395		Capita Group plc		81,632
	11,703		CNH Industrial NV		135,561
	2,848		Coca-Cola European Partners plc		123,612
	613		Croda International plc		29,912
	312		DCC plc		27,429
	1,667		easyJet plc		27,189
	18,415		GlaxoSmithKline plc		366,587
	5,537		Hammerson plc		41,962
	2,344		InterContinental Hotels Group plc		132,634
	1,881		Intertek Group plc		106,701
	17,736		ITV plc		40,559
	8,117		J Sainsbury plc		26,226
	2,331		Johnson Matthey plc		86,392
	9,245		Kingfisher plc		35,878
	5,931		Land Securities Group plc		79,983
	47,084		Legal & General Group plc		166,711

142

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	3,055		London Stock Exchange Group plc	$	151,243
	6,930		Marks & Spencer Group plc		29,453
	6,942		Meggitt plc		46,076
	16,980	g	Merlin Entertainments plc		105,140
	18,048		National Grid plc		223,324
	651		Next plc		33,934
	50,370		Old Mutual plc		130,644
	5,871		Pearson plc		50,808
	3,943		Petrofac Ltd		23,298
	11,470		Prudential plc		279,874
	2,853	*	Reckitt Benckiser Group plc		277,389
	1,756		Reed Elsevier NV		36,884
	7,923		Reed Elsevier plc		172,573
	5,428		RSA Insurance Group plc		46,734
	2,006		Schroders plc		91,157
	8,136		Scottish & Southern Energy plc		148,062
	3,709		Segro plc		25,814
	11,164		Sky plc		142,275
	19,332	*	Standard Chartered plc		216,098
	12,757		Standard Life plc		73,430
	7,376		Tate & Lyle plc		65,404
	18,702		Taylor Wimpey plc		46,972
	61,490	*	Tesco plc		141,336
	1,549	*	Travis Perkins plc		31,024
	4,604		Unilever NV		268,310
	5,359		Unilever plc		305,638
	11,084		United Utilities Group plc		131,351
	10,826	d	Vodafone Group plc (ADR)		321,316
	2,525		Whitbread plc		128,219
	6,886		WM Morrison Supermarkets plc		21,840
	8,712		WPP plc		177,671
			TOTAL UNITED KINGDOM		6,472,356
UNITED STATES - 0.3%
	3,610	*	QIAGEN NV		119,741
			TOTAL UNITED STATES		119,741
			TOTAL COMMON STOCKS		38,290,189
			(Cost $35,344,546)
RIGHTS / WARRANTS - 0.0%
FRANCE - 0.0%
	128		Gecina S.A.		380
			TOTAL FRANCE		380
			TOTAL RIGHTS / WARRANTS		380
			(Cost $0)

PRINCIPAL		ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 1.5%
GOVERNMENT AGENCY DEBT - 1.5%
$	600,000	Federal Home Loan Bank (FHLB)		0.800	%	08/01/17	600,000
		TOTAL GOVERNMENT AGENCY DEBT					600,000

143

TIAA-CREF FUNDS - Social Choice International Equity Fund

ISSUER	VALUE
TOTAL SHORT-TERM INVESTMENTS	$	600,000
(Cost $600,000)
TOTAL INVESTMENTS - 99.4%		38,890,569
(Cost $35,944,546)
OTHER ASSETS & LIABILITIES, NET - 0.6%		223,994
NET ASSETS - 100.0%	$	39,114,563

Abbreviation(s):

ADR    American Depositary Receipt

REIT    Real Estate Investment Trust

*	Non-income producing
d	All or a portion of these securities have been segregated to cover margin requirements on open futures contracts.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $98,146.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 7/31/2017, the aggregate value of these securities amounted to $105,140 or 0.3% of net assets.

144

TIAA-CREF FUNDS - Social Choice International Equity Fund

TIAA-CREF FUNDS

SOCIAL CHOICE INTERNATIONAL EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2017

SECTOR	VALUE		% OF NET ASSETS
FINANCIALS	$	8,895,488		22.8	%
INDUSTRIALS		5,280,284		13.5
CONSUMER DISCRETIONARY		5,011,158		12.8
HEALTH CARE		3,963,101		10.1
CONSUMER STAPLES		3,470,108		8.9
MATERIALS		3,457,343		8.8
INFORMATION TECHNOLOGY		2,124,827		5.4
TELECOMMUNICATION SERVICES		1,614,461		4.1
ENERGY		1,543,189		4.0
UTILITIES		1,511,019		3.9
REAL ESTATE		1,419,591		3.6
SHORT-TERM INVESTMENTS		600,000		1.5
OTHER ASSETS & LIABILITIES, NET		223,994		0.6
NET ASSETS	$	39,114,563		100.0	%

145

TIAA-CREF FUNDS - Equity Index Fund

TIAA-CREF FUNDS

EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 100.0%
AUTOMOBILES & COMPONENTS - 0.9%
	53,767		Adient plc	$	3,520,125
	48,482	*	American Axle & Manufacturing Holdings, Inc		714,625
	120,280		BorgWarner, Inc		5,621,887
	28,890		Cooper Tire & Rubber Co		1,055,929
	9,972	*	Cooper-Standard Holding, Inc		1,019,737
	83,135		Dana Holding Corp		1,971,962
	150,668		Delphi Automotive plc		13,623,401
	15,373	*	Dorman Products, Inc		1,200,324
	2,218,017		Ford Motor Co		24,886,151
	19,512	*	Fox Factory Holding Corp		750,236
	780,269		General Motors Co		28,074,079
	157,946		Gentex Corp		2,688,241
	20,171	*	Gentherm, Inc		674,720
	143,527		Goodyear Tire & Rubber Co		4,522,536
	98,122		Harley-Davidson, Inc		4,775,598
	13,381	*,e	Horizon Global Corp		186,531
	13,503		LCI Industries, Inc		1,441,445
	38,754		Lear Corp		5,742,955
	27,176	*	Modine Manufacturing Co		441,610
	16,659	*	Motorcar Parts of America, Inc		465,952
	4,480	*	Shiloh Industries, Inc		33,242
	20,047		Spartan Motors, Inc		177,416
	12,064		Standard Motor Products, Inc		607,784
	12,077	*	Stoneridge, Inc		184,295
	12,118		Superior Industries International, Inc		236,907
	29,718		Tenneco, Inc		1,643,405
	73,956	*,e	Tesla, Inc		23,922,547
	27,777		Thor Industries, Inc		2,926,307
	12,545		Tower International, Inc		309,862
	18,574		Visteon Corp		2,071,744
	11,479	*	VOXX International Corp (Class A)		76,909
	18,245		Winnebago Industries, Inc		671,416
			TOTAL AUTOMOBILES & COMPONENTS		136,239,878
BANKS - 6.7%
	9,347		1st Source Corp		458,938
	8,349		Access National Corp		222,000
	3,009		ACNB Corp		85,606
	6,509	*	Allegiance Bancshares, Inc		244,413
	4,530		American National Bankshares, Inc		171,007
	20,160		Ameris Bancorp		923,328
	3,475		Ames National Corp		102,860
	6,194		Arrow Financial Corp		201,924
	1,637	*	ASB Bancorp, Inc		72,355

146

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	88,095		Associated Banc-Corp	$	2,109,875
	53,169		Astoria Financial Corp		1,072,950
	11,387	*	Atlantic Capital Bancshares, Inc		219,769
	24,946	e	Banc of California, Inc		512,640
	4,956		Bancfirst Corp		529,053
	17,336		Banco Latinoamericano de Exportaciones S.A. (Class E)		456,110
	45,953		Bancorpsouth, Inc		1,380,888
	19,189		Bank Mutual Corp		190,931
	5,679,441		Bank of America Corp		136,988,117
	9,092		Bank of Commerce Holdings		94,102
	25,217		Bank of Hawaii Corp		2,109,906
	3,357		Bank of Marin Bancorp		223,744
	29,584		Bank of NT Butterfield & Son Ltd		1,008,519
	65,223		Bank of the Ozarks, Inc		2,814,372
	7,344		BankFinancial Corp		110,013
	68,838		BankUnited		2,369,404
	2,566		Bankwell Financial Group, Inc		84,190
	19,110		Banner Corp		1,103,985
	8,016		Bar Harbor Bankshares		223,566
	452,383		BB&T Corp		21,406,764
	5,445	e	BCB Bancorp, Inc		81,675
	11,884		Bear State Financial, Inc		110,284
	43,990		Beneficial Bancorp, Inc		686,244
	19,940		Berkshire Hills Bancorp, Inc		740,771
	11,500		Blue Hills Bancorp, Inc		217,925
	35,017	*,e	BofI Holding, Inc		975,924
	14,753		BOK Financial Corp		1,255,038
	44,730		Boston Private Financial Holdings, Inc		686,605
	10,281		Bridge Bancorp, Inc		334,132
	41,436		Brookline Bancorp, Inc		615,325
	9,380		Bryn Mawr Bank Corp		398,181
	3,755	*	BSB Bancorp, Inc		110,960
	1,549		C&F Financial Corp		77,140
	12,947	*	Cadence BanCorp		295,709
	7,531		Camden National Corp		316,302
	16,191		Capital Bank Financial Corp		615,258
	4,271		Capital City Bank Group, Inc		91,229
	88,665		Capitol Federal Financial		1,264,363
	4,594	*	Capstar Financial Holdings, Inc		80,854
	7,944		Carolina Financial Corp		267,236
	39,164		Cathay General Bancorp		1,466,692
	30,074		Centerstate Banks of Florida, Inc		751,549
	16,592		Central Pacific Financial Corp		513,191
	4,092		Central Valley Community Bancorp		89,942
	1,649		Century Bancorp, Inc		109,988
	8,748		Charter Financial Corp		157,289
	38,546		Chemical Financial Corp		1,857,532
	1,442		Chemung Financial Corp		58,401
	114,647		CIT Group, Inc		5,462,930
	1,569,392		Citigroup, Inc		107,424,883
	5,032		Citizens & Northern Corp		116,139
	288,391		Citizens Financial Group, Inc		10,116,756
	8,450		City Holding Co		554,574

147

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,601		Civista Bancshares, Inc	$	114,540
	10,322		Clifton Bancorp, Inc		172,274
	8,083		CNB Financial Corp		213,068
	21,000		CoBiz, Inc		369,600
	3,855		Codorus Valley Bancorp, Inc		107,786
	34,662		Columbia Banking System, Inc		1,380,934
	100,288		Comerica, Inc		7,251,825
	52,049		Commerce Bancshares, Inc		3,020,924
	3,635		Commerce Union Bancshares, Inc		89,021
	29,258		Community Bank System, Inc		1,606,264
	12,086	*	Community Bankers Trust Corp		103,940
	2,195		Community Financial Corp		81,456
	8,530		Community Trust Bancorp, Inc		368,496
	16,765		ConnectOne Bancorp, Inc		377,213
	2,437		County Bancorp, Inc		60,901
	9,347	*	CU Bancorp		344,904
	31,598		Cullen/Frost Bankers, Inc		2,868,466
	15,680	*	Customers Bancorp, Inc		468,048
	57,890		CVB Financial Corp		1,246,951
	17,875		Dime Community Bancshares		371,800
	1,611		DNB Financial Corp		55,499
	19,289	*	Eagle Bancorp, Inc		1,204,598
	82,344		East West Bancorp, Inc		4,691,961
	3,562	*	Entegra Financial Corp		82,282
	5,252		Enterprise Bancorp, Inc		177,465
	12,401		Enterprise Financial Services Corp		490,460
	5,768	*	Equity Bancshares, Inc		199,400
	4,031		ESSA Bancorp, Inc		59,457
	46,595	*	Essent Group Ltd		1,790,180
	2,444		Evans Bancorp, Inc		99,593
	2,566	e	Farmers & Merchants Bancorp, Inc		153,062
	3,988		Farmers Capital Bank Corp		149,749
	11,953		Farmers National Banc Corp		164,354
	3,651	*,e	FB Financial Corp		125,485
	19,517	*	FCB Financial Holdings, Inc		920,227
	5,280		Federal Agricultural Mortgage Corp (Class C)		361,997
	12,316		Fidelity Southern Corp		259,375
	425,738		Fifth Third Bancorp		11,367,205
	7,551		Financial Institutions, Inc		221,999
	12,544		First Bancorp (NC)		392,627
	92,385	*	First Bancorp (Puerto Rico)		541,376
	5,732		First Bancorp, Inc		154,420
	4,642		First Bancshares, Inc		128,816
	20,674		First Busey Corp		604,508
	3,244		First Business Financial Services, Inc		68,967
	4,973		First Citizens Bancshares, Inc (Class A)		1,830,163
	53,533		First Commonwealth Financial Corp		697,535
	9,362		First Community Bancshares, Inc		254,834
	6,547		First Connecticut Bancorp		167,603
	5,585		First Defiance Financial Corp		289,024
	33,689		First Financial Bancorp		862,438
	40,217	e	First Financial Bankshares, Inc		1,739,385
	5,911		First Financial Corp		272,202

148

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	4,121		First Financial Northwest, Inc	$	67,626
	15,907	*	First Foundation, Inc		275,827
	2,119	e	First Guaranty Bancshares, Inc		57,616
	29,937		First Hawaiian, Inc		883,142
	129,824		First Horizon National Corp		2,262,832
	2,693		First Internet Bancorp		88,734
	14,138		First Interstate Bancsystem, Inc		516,744
	22,886		First Merchants Corp		925,510
	5,492		First Mid-Illinois Bancshares, Inc		200,952
	57,091		First Midwest Bancorp, Inc		1,267,991
	5,007	*	First Northwest Bancorp		76,357
	12,847		First of Long Island Corp		359,074
	90,860		First Republic Bank		9,115,984
	10,681	*	Flagstar Bancorp, Inc		347,773
	15,508		Flushing Financial Corp		442,443
	2,716	e	FNB Bancorp		74,907
	179,546		FNB Corp		2,459,780
	6,617	*	Franklin Financial Network, Inc		228,617
	101,534		Fulton Financial Corp		1,852,996
	11,648		German American Bancorp, Inc		417,348
	40,647		Glacier Bancorp, Inc		1,419,393
	5,904		Great Southern Bancorp, Inc		306,713
	32,371		Great Western Bancorp, Inc		1,262,793
	14,150	*	Green Bancorp, Inc		317,668
	1,612	e	Greene County Bancorp, Inc		39,494
	13,068		Guaranty Bancorp		348,262
	47,616		Hancock Holding Co		2,190,336
	17,666		Hanmi Financial Corp		506,131
	7,161	*	HarborOne Bancorp, Inc		138,780
	13,730		Heartland Financial USA, Inc		646,683
	19,793		Heritage Commerce Corp		274,925
	16,462		Heritage Financial Corp		447,766
	43,210		Hilltop Holdings, Inc		1,081,546
	689		Hingham Institution for Savings		121,884
	2,808		Home Bancorp, Inc		113,780
	74,358		Home Bancshares, Inc		1,844,078
	12,284	*	HomeStreet, Inc		322,455
	8,420	*	HomeTrust Bancshares, Inc		203,343
	69,877		Hope Bancorp, Inc		1,231,932
	11,965		Horizon Bancorp		315,517
	4,629	*	Howard Bancorp, Inc		90,960
	615,231		Huntington Bancshares, Inc		8,151,811
	28,104		IBERIABANK Corp		2,272,208
	4,869	*,e	Impac Mortgage Holdings, Inc		71,623
	14,544		Independent Bank Corp (MA)		1,037,714
	11,571		Independent Bank Corp (MI)		245,305
	9,735		Independent Bank Group, Inc		587,507
	30,689		International Bancshares Corp		1,086,391
	4,281		Investar Holding Corp		96,965
	159,467		Investors Bancorp, Inc		2,117,722
	2,011,333		JPMorgan Chase & Co		184,640,369
	53,182		Kearny Financial Corp		776,457
	621,232		Keycorp		11,207,025

149

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	25,070		Lakeland Bancorp, Inc	$	485,105
	14,457		Lakeland Financial Corp		665,022
	4,465		LCNB Corp		89,523
	26,274		LegacyTexas Financial Group, Inc		1,017,329
	3,599	*	LendingTree, Inc		793,939
	12,802	e	Live Oak Bancshares, Inc		323,251
	82,198		M&T Bank Corp		13,410,604
	12,652		Macatawa Bank Corp		122,092
	13,741		MainSource Financial Group, Inc		480,111
	3,599	*,e	Malvern Bancorp, Inc		89,255
	45,056		MB Financial, Inc		1,842,790
	8,948		MBT Financial Corp		85,901
	9,159		Mercantile Bank Corp		291,439
	33,771		Meridian Bancorp, Inc		596,058
	4,940		Meta Financial Group, Inc		352,222
	208,341	*	MGIC Investment Corp		2,431,339
	1,372		Middlefield Banc Corp		64,141
	8,330		Midland States Bancorp, Inc		264,561
	4,779		Midsouth Bancorp, Inc		53,764
	6,033		MidWestOne Financial Group, Inc		207,656
	2,513		MutualFirst Financial, Inc		87,704
	16,489		National Bank Holdings Corp		562,770
	2,810	e	National Bankshares, Inc		108,185
	5,853	*	National Commerce Corp		234,705
	16,262	*	Nationstar Mortgage Holdings, Inc		289,951
	24,802		NBT Bancorp, Inc		896,344
	287,688		New York Community Bancorp, Inc		3,777,343
	4,998	*	Nicolet Bankshares, Inc		270,742
	32,528	*	NMI Holdings, Inc		383,830
	4,114		Northeast Bancorp		88,451
	23,793		Northfield Bancorp, Inc		399,484
	3,306		Northrim BanCorp, Inc		96,370
	53,101		Northwest Bancshares, Inc		854,926
	2,276	e	Norwood Financial Corp		97,504
	17,495		OceanFirst Financial Corp		473,765
	23,883	e	OFG Bancorp		240,024
	2,434	e	Ohio Valley Banc Corp		82,391
	4,255		Old Line Bancshares, Inc		115,225
	69,547		Old National Bancorp		1,133,616
	1,812		Old Point Financial Corp		58,201
	15,597		Old Second Bancorp, Inc		184,824
	11,422		Opus Bank		271,844
	28,945		Oritani Financial Corp		480,487
	3,502		Orrstown Financial Services, Inc		87,550
	12,311		Pacific Continental Corp		312,699
	8,685	*	Pacific Mercantile Bancorp		68,612
	21,781	*	Pacific Premier Bancorp, Inc		781,938
	68,746		PacWest Bancorp		3,301,183
	2,386	*	Paragon Commercial Corp		126,267
	8,359		Park National Corp		825,618
	25,387		Park Sterling Bank		294,997
	3,277		Parke Bancorp, Inc		66,195
	10,386	*	PCSB Financial Corp		180,093

150

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	9,268		Peapack Gladstone Financial Corp	$	289,810
	1,915		Penns Woods Bancorp, Inc		82,058
	8,529	*	PennyMac Financial Services, Inc		148,405
	2,283		Peoples Bancorp of North Carolina, Inc		72,188
	7,855		Peoples Bancorp, Inc		256,073
	3,001		Peoples Financial Services Corp		128,353
	196,986		People’s United Financial, Inc		3,435,436
	6,152		People’s Utah Bancorp		171,026
	53,248	*	PHH Corp		733,757
	41,303		Pinnacle Financial Partners, Inc		2,639,262
	273,896		PNC Financial Services Group, Inc		35,277,805
	57,190		Popular, Inc		2,409,987
	7,309		Preferred Bank		410,400
	4,455		Premier Financial Bancorp, Inc		84,645
	37,222		Prosperity Bancshares, Inc		2,385,930
	2,484	*	Provident Bancorp, Inc		51,791
	2,962		Provident Financial Holdings, Inc		56,278
	34,502		Provident Financial Services, Inc		914,993
	4,706		Prudential Bancorp, Inc		80,802
	6,812		QCR Holdings, Inc		313,011
	120,721		Radian Group, Inc		2,102,960
	684,160		Regions Financial Corp		9,988,736
	23,984		Renasant Corp		1,016,682
	4,212		Republic Bancorp, Inc (Class A)		151,211
	29,506	*,e	Republic First Bancorp, Inc		262,603
	10,441		Riverview Bancorp, Inc		79,247
	19,322		S&T Bancorp, Inc		731,917
	12,945		Sandy Spring Bancorp, Inc		518,318
	22,085	*	Seacoast Banking Corp of Florida		516,126
	29,788		ServisFirst Bancshares, Inc		1,082,496
	6,666		Shore Bancshares, Inc		112,589
	5,605		SI Financial Group, Inc		86,597
	5,108		Sierra Bancorp		139,959
	30,217	*	Signature Bank		4,187,472
	16,912		Simmons First National Corp (Class A)		922,550
	4,152	*	SmartFinancial, Inc		104,091
	15,850		South State Corp		1,327,438
	2,686	*	Southern First Bancshares, Inc		98,979
	2,726		Southern Missouri Bancorp, Inc		88,350
	5,361		Southern National Bancorp of Virginia, Inc		90,708
	15,459		Southside Bancshares, Inc		536,891
	9,570		Southwest Bancorp, Inc		249,777
	20,906		State Bank & Trust Co		573,870
	73,228		Sterling Bancorp/DE		1,691,567
	12,872		Stock Yards Bancorp, Inc		461,461
	7,674		Stonegate Bank		357,225
	5,869		Summit Financial Group, Inc		127,886
	5,433		Sun Bancorp, Inc		132,294
	3,893	*	Sunshine Bancorp, Inc		88,955
	272,531		SunTrust Banks, Inc		15,613,301
	30,123	*	SVB Financial Group		5,375,148
	74,099		Synovus Financial Corp		3,221,825
	83,681		TCF Financial Corp		1,318,813

151

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,666		Territorial Bancorp, Inc	$	110,457
	28,042	*	Texas Capital Bancshares, Inc		2,197,091
	49,353		TFS Financial Corp		788,661
	31,785	*	The Bancorp, Inc		246,334
	3,583		Timberland Bancorp, Inc		96,598
	8,865		Tompkins Trustco, Inc		697,764
	31,513		TowneBank		986,357
	11,198		Trico Bancshares		413,206
	12,285	*	Tristate Capital Holdings, Inc		282,555
	7,756	*	Triumph Bancorp, Inc		220,270
	51,818		Trustco Bank Corp NY		430,089
	36,220		Trustmark Corp		1,157,591
	3,955	e	Two River Bancorp		72,297
	25,107		UMB Financial Corp		1,748,954
	118,891		Umpqua Holdings Corp		2,204,239
	23,794		Union Bankshares Corp		734,997
	1,900		Union Bankshares, Inc		83,315
	55,697		United Bankshares, Inc		1,921,547
	37,824		United Community Banks, Inc		1,049,994
	26,462		United Community Financial Corp		243,450
	28,215		United Financial Bancorp, Inc (New)		510,409
	7,298		United Security Bancshares		68,601
	4,251		Unity Bancorp, Inc		78,644
	14,496		Univest Corp of Pennsylvania		442,128
	915,602		US Bancorp		48,325,474
	148,242		Valley National Bancorp		1,761,115
	8,075	*	Veritex Holdings, Inc		215,199
	15,933	*	Walker & Dunlop, Inc		800,633
	51,702		Washington Federal, Inc		1,729,432
	8,319		Washington Trust Bancorp, Inc		452,970
	5,504		WashingtonFirst Bankshares, Inc		188,457
	13,586		Waterstone Financial, Inc		256,096
	52,640		Webster Financial Corp		2,733,595
	2,559,280		Wells Fargo & Co		138,047,563
	23,395		WesBanco, Inc		894,391
	8,543		West Bancorporation, Inc		196,489
	16,202		Westamerica Bancorporation		886,573
	58,117	*	Western Alliance Bancorp		2,927,934
	14,761		Western New England Bancorp, Inc		146,872
	31,018		Wintrust Financial Corp		2,335,966
	100,521	*	WMIH Corp		115,599
	16,674		WSFS Financial Corp		752,831
	1,525	*	Xenith Bankshares, Inc		42,975
	113,933		Zions Bancorporation		5,163,444
			TOTAL BANKS		982,985,944
CAPITAL GOODS - 7.7%
	331,834		3M Co		66,755,046
	81,031		A.O. Smith Corp		4,339,210
	23,474		Aaon, Inc		793,421
	17,331		AAR Corp		648,179
	33,240		Actuant Corp (Class A)		804,408
	24,652		Acuity Brands, Inc		4,995,728

152

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	19,055		Advanced Drainage Systems, Inc	$	391,580
	88,429	*	Aecom Technology Corp		2,820,885
	20,604	*	Aegion Corp		493,260
	39,785	*	Aerojet Rocketdyne Holdings, Inc		932,958
	11,377	*	Aerovironment, Inc		429,937
	37,877		AGCO Corp		2,732,447
	55,400		Air Lease Corp		2,192,732
	27,441		Aircastle Ltd		645,961
	5,290		Alamo Group, Inc		492,023
	15,845		Albany International Corp (Class A)		847,707
	55,387		Allegion plc		4,499,640
	4,289		Allied Motion Technologies, Inc		126,912
	80,021		Allison Transmission Holdings, Inc		3,024,794
	16,053		Altra Holdings, Inc		715,161
	13,315	*	Ameresco, Inc		87,213
	5,147	e	American Railcar Industries, Inc		189,255
	8,196	*	American Woodmark Corp		804,437
	130,786		Ametek, Inc		8,053,802
	15,417		Apogee Enterprises, Inc		803,072
	21,302		Applied Industrial Technologies, Inc		1,203,563
	223,047		Arconic, Inc		5,529,335
	7,871		Argan, Inc		507,286
	13,258	*	Armstrong Flooring, Inc		230,159
	24,691	*	Armstrong World Industries, Inc		1,198,748
	11,958		Astec Industries, Inc		601,129
	12,601	*	Astronics Corp		368,579
	18,386	*	Atkore International Group, Inc		382,797
	28,319	*,e	Axon Enterprise, Inc		696,364
	14,514		AZZ, Inc		735,860
	26,407	*	Babcock & Wilcox Enterprises, Inc		277,273
	27,972		Barnes Group, Inc		1,683,355
	33,524	*	Beacon Roofing Supply, Inc		1,539,757
	4,104	*,e	Blue Bird Corp		72,846
	36,284	*	BMC Stock Holdings, Inc		798,248
	323,734		Boeing Co		78,492,546
	22,014		Briggs & Stratton Corp		515,568
	56,072	*	Builders FirstSource, Inc		878,648
	52,939		BWX Technologies, Inc		2,788,827
	12,849	*	Caesarstone Sdot-Yam Ltd		451,000
	9,010	*	CAI International, Inc		236,332
	35,291		Carlisle Cos, Inc		3,444,049
	322,360		Caterpillar, Inc		36,732,922
	16,950	*	Chart Industries, Inc		576,300
	57,821	e	Chicago Bridge & Iron Co NV		1,083,566
	9,365		CIRCOR International, Inc		468,812
	49,587	*	Colfax Corp		2,046,951
	11,883		Columbus McKinnon Corp		306,581
	19,832		Comfort Systems USA, Inc		660,406
	13,897	*	Commercial Vehicle Group, Inc		122,016
	21,826	*	Continental Building Products Inc		480,172
	27,923		Crane Co		2,108,186
	7,120	*	CSW Industrials, Inc		278,036
	14,048		Cubic Corp		669,387

153

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	89,604		Cummins, Inc	$	15,044,512
	24,738		Curtiss-Wright Corp		2,385,238
	180,253		Deere & Co		23,122,855
	34,081	*	DigitalGlobe, Inc		1,189,427
	6,313		DMC Global, Inc		87,751
	76,990		Donaldson Co, Inc		3,656,255
	12,538		Douglas Dynamics, Inc		398,708
	86,785		Dover Corp		7,289,940
	6,696	*	Ducommun, Inc		193,916
	8,929	*	DXP Enterprises, Inc		255,280
	17,427	*	Dycom Industries, Inc		1,578,886
	2,879		Eastern Co		83,779
	251,841		Eaton Corp		19,706,558
	32,787		EMCOR Group, Inc		2,213,122
	365,975		Emerson Electric Co		21,815,770
	11,393		Encore Wire Corp		508,128
	10,434	*	Energous Corp		153,693
	22,942	*,e	Energy Recovery, Inc		174,359
	24,801		EnerSys		1,792,368
	10,343	*	Engility Holdings, Inc		301,705
	12,107		EnPro Industries, Inc		932,481
	1,987	e	EnviroStar, Inc		50,370
	66,749		Equifax, Inc		9,707,975
	14,252		ESCO Technologies, Inc		879,348
	14,786	*	Esterline Technologies Corp		1,426,849
	162,484		Fastenal Co		6,980,313
	32,826		Federal Signal Corp		607,281
	72,941		Flowserve Corp		3,000,063
	77,736		Fluor Corp		3,376,074
	175,285		Fortive Corp		11,347,951
	85,226		Fortune Brands Home & Security, Inc		5,596,791
	6,903	*	Foundation Building Materials, Inc		83,250
	25,079		Franklin Electric Co, Inc		1,013,192
	8,864		Freightcar America, Inc		145,724
	33,515	*	Gardner Denver Holdings, Inc		769,504
	22,245	e	GATX Corp		1,375,408
	3,280	*	Gencor Industries, Inc		52,644
	34,936	*	Generac Holdings, Inc		1,256,648
	27,852		General Cable Corp		537,544
	147,026		General Dynamics Corp		28,865,615
	4,927,971		General Electric Co		126,205,337
	17,135	*	Gibraltar Industries, Inc		511,480
	12,442		Global Brass & Copper Holdings, Inc		398,766
	14,218	*	GMS, Inc		426,824
	9,996		Gorman-Rupp Co		302,079
	30,856		Graco, Inc		3,580,530
	4,428		Graham Corp		88,604
	22,629		Granite Construction, Inc		1,109,274
	41,979	*	Great Lakes Dredge & Dock Corp		165,817
	15,693	e	Greenbrier Cos, Inc		706,185
	17,223		Griffon Corp		353,071
	18,849		H&E Equipment Services, Inc		425,422
	5,911		Hardinge, Inc		71,523

154

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	45,529	*	Harsco Corp	$	703,423
	19,784	*	HC2 Holdings, Inc		118,902
	117,524	*	HD Supply Holdings, Inc		3,818,355
	14,846		HEICO Corp		1,193,173
	30,064		HEICO Corp (Class A)		2,136,047
	13,945	*	Herc Holdings, Inc		632,824
	50,563		Hexcel Corp		2,587,309
	35,104		Hillenbrand, Inc		1,263,744
	439,101		Honeywell International, Inc		59,770,428
	31,685		Hubbell, Inc		3,763,861
	25,571		Huntington Ingalls		5,270,439
	2,730		Hurco Cos, Inc		89,953
	12,383	*,e	Huttig Building Products, Inc		88,291
	5,520		Hyster-Yale Materials Handling, Inc		391,147
	42,979		IDEX Corp		5,008,773
	6,045	*	IES Holdings, Inc		102,765
	178,385		Illinois Tool Works, Inc		25,100,553
	144,474		Ingersoll-Rand plc		12,696,375
	10,316		Insteel Industries, Inc		271,517
	49,056		ITT, Inc		2,011,296
	66,935		Jacobs Engineering Group, Inc		3,528,813
	13,736	*	JELD-WEN Holding, Inc		448,480
	17,573		John Bean Technologies Corp		1,623,745
	530,787		Johnson Controls International plc		20,674,154
	5,964		Kadant, Inc		465,490
	15,646		Kaman Corp		799,824
	80,742		KBR, Inc		1,204,671
	45,567		Kennametal, Inc		1,681,422
	25,854	*,e	KEYW Holding Corp, The		228,291
	29,799	*	KLX, Inc		1,547,164
	40,656	*	Kratos Defense & Security Solutions, Inc		447,419
	43,365		L3 Technologies, Inc		7,587,574
	1,979	*	Lawson Products, Inc		45,616
	12,629	*	Layne Christensen Co		133,741
	4,379	*	LB Foster Co (Class A)		77,070
	21,689		Lennox International, Inc		3,708,819
	32,808		Lincoln Electric Holdings, Inc		2,862,826
	6,104		Lindsay Corp		559,554
	141,464		Lockheed Martin Corp		41,325,878
	11,159		LSI Industries, Inc		93,401
	9,411	*	Lydall, Inc		465,845
	73,652		Manitowoc Co, Inc		420,553
	178,738		Masco Corp		6,815,280
	17,040	*	Masonite International Corp		1,323,156
	37,669	*	Mastec, Inc		1,740,308
	26,448	*	Mercury Systems, Inc		1,161,332
	47,477	*	Meritor, Inc		820,403
	31,820	*	Middleby Corp		4,158,238
	24,662	*	Milacron Holdings Corp		443,423
	6,321		Miller Industries, Inc		164,978
	17,815	*	Moog, Inc (Class A)		1,324,011
	51,623	*	MRC Global, Inc		843,520
	24,607		MSC Industrial Direct Co (Class A)		1,752,264

155

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	31,597		Mueller Industries, Inc	$	995,306
	85,195		Mueller Water Products, Inc (Class A)		988,262
	8,496	*	MYR Group, Inc		270,258
	3,644	e	National Presto Industries, Inc		412,136
	28,850	*	Navistar International Corp		887,715
	22,485	*	NCI Building Systems, Inc		404,730
	5,202	*	Neff Corp		109,242
	15,388	*,e	Nexeo Solutions, Inc		128,182
	15,215		NN, Inc		421,456
	32,024		Nordson Corp		4,067,048
	90,547		Northrop Grumman Corp		23,825,632
	5,316	*	Northwest Pipe Co		80,325
	61,024	*	NOW, Inc		972,112
	4,023	*	NV5 Holdings, Inc		167,156
	1,327		Omega Flex, Inc		79,673
	31,906		Orbital ATK, Inc		3,260,155
	16,581	*	Orion Marine Group, Inc		116,399
	42,672		Oshkosh Truck Corp		2,938,394
	63,047		Owens Corning, Inc		4,227,301
	193,322		PACCAR, Inc		13,232,891
	75,107		Parker-Hannifin Corp		12,466,260
	9,470	*	Patrick Industries, Inc		720,667
	93,132		Pentair plc		5,873,835
	29,257	*	PGT, Inc		380,341
	123,588	*,e	Plug Power, Inc		279,309
	13,738	*	Ply Gem Holdings, Inc		240,415
	6,494		Powell Industries, Inc		206,834
	1,112		Preformed Line Products Co		54,177
	22,842		Primoris Services Corp		569,223
	13,939	*	Proto Labs, Inc		1,030,092
	18,244		Quanex Building Products Corp		392,246
	84,112	*	Quanta Services, Inc		2,837,098
	20,020		Raven Industries, Inc		688,688
	163,284		Raytheon Co		28,047,293
	14,233	*	RBC Bearings, Inc		1,470,838
	25,404		Regal-Beloit Corp		2,117,423
	6,954	e	REV Group, Inc		186,020
	6,544	*,e	Revolution Lighting Technologies, Inc		48,360
	57,689	*	Rexnord Corp		1,336,077
	74,397		Rockwell Automation, Inc		12,277,737
	90,763		Rockwell Collins, Inc		9,668,982
	56,338		Roper Industries, Inc		13,096,331
	3,027	*	Rush Enterprises, Inc		123,138
	16,569	*	Rush Enterprises, Inc (Class A)		714,621
	94,431	*	Sensata Technologies Holding BV		4,260,727
	22,720		Simpson Manufacturing Co, Inc		1,006,269
	19,008	*	SiteOne Landscape Supply, Inc		997,920
	32,035		Snap-On, Inc		4,939,797
	13,853	*	Sparton Corp		319,450
	67,951		Spirit Aerosystems Holdings, Inc (Class A)		4,106,279
	23,678	*	SPX Corp		651,619
	23,796	*	SPX FLOW, Inc		843,806
	7,474		Standex International Corp		717,130

156

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	85,270		Stanley Works	$	11,996,636
	14,568	*	Sterling Construction Co, Inc		186,179
	12,517		Sun Hydraulics Corp		517,703
	50,428	*,e	Sunrun, Inc		379,723
	8,749		Supreme Industries, Inc		131,585
	20,505	*	Teledyne Technologies, Inc		2,795,652
	9,830		Tennant Co		742,657
	51,384		Terex Corp		2,022,988
	15,827		Textainer Group Holdings Ltd		256,397
	151,620		Textron, Inc		7,449,091
	7,128	*	The ExOne Company		80,333
	23,631	*	Thermon Group Holdings		422,286
	38,654		Timken Co		1,758,757
	27,515		Titan International, Inc		350,816
	10,402	*	Titan Machinery, Inc		185,676
	58,254		Toro Co		4,141,277
	8,124	*	TPI Composites, Inc		153,056
	27,477		TransDigm Group, Inc		7,752,361
	16,477	*	Trex Co, Inc		1,239,235
	24,146	*	Trimas Corp		587,955
	86,243		Trinity Industries, Inc		2,363,921
	25,073		Triton International Ltd		904,132
	28,363		Triumph Group, Inc		726,093
	21,354	*	Tutor Perini Corp		568,016
	5,065	*	Twin Disc, Inc		85,700
	48,798	*	United Rentals, Inc		5,805,010
	431,015		United Technologies Corp		51,105,449
	58,848	*	Univar, Inc		1,826,642
	10,866		Universal Forest Products, Inc		911,114
	50,687	*	USG Corp		1,370,576
	12,340		Valmont Industries, Inc		1,884,318
	8,033	*	Vectrus, Inc		273,202
	6,465	*	Veritiv Corp		240,175
	9,061	*	Vicor Corp		160,833
	29,505		W.W. Grainger, Inc		4,919,664
	34,331		Wabash National Corp		655,035
	28,636	*	WABCO Holdings, Inc		3,939,455
	49,387	e	Wabtec Corp		3,721,804
	16,787		Watsco, Inc		2,530,976
	14,898		Watts Water Technologies, Inc (Class A)		959,431
	71,872	*	Welbilt, Inc		1,400,785
	30,521	*	Wesco Aircraft Holdings, Inc		331,153
	27,407	*	WESCO International, Inc		1,404,609
	2,234	*	Willis Lease Finance Corp		56,476
	29,647		Woodward Governor Co		2,073,511
	100,373		Xylem, Inc		5,694,160
			TOTAL CAPITAL GOODS		1,117,899,975
COMMERCIAL & PROFESSIONAL SERVICES - 0.9%
	31,074		ABM Industries, Inc		1,386,522
	34,874	*	Acacia Research (Acacia Technologies)		120,315
	60,548	*	ACCO Brands Corp		705,384
	14,017	*	Advanced Disposal Services, Inc		338,931

157

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	23,077	*	Advisory Board Co	$	1,296,927
	10,561	*,e	Aqua Metals, Inc		123,352
	25,420	*	ARC Document Solutions, Inc		87,953
	3,927		Barrett Business Services, Inc		216,103
	3,889	e	BG Staffing, Inc		64,791
	25,888		Brady Corp (Class A)		859,482
	25,987		Brink’s Co		2,030,884
	20,937	*	Casella Waste Systems, Inc (Class A)		351,323
	28,127	*	CBIZ, Inc		417,686
	16,438		Ceco Environmental Corp		158,791
	48,109		Cintas Corp		6,487,499
	29,461	*	Clean Harbors, Inc		1,673,385
	12,801	*,e	Cogint, Inc		56,324
	111,243	*	Copart, Inc		3,503,042
	66,115		Covanta Holding Corp		998,336
	4,164		CRA International, Inc		161,605
	26,989		Deluxe Corp		1,948,606
	20,733		Dun & Bradstreet Corp		2,296,387
	64,481	*,m	Dyax Corp		71,574
	19,239		Ennis, Inc		370,351
	21,996		Essendant, Inc		274,510
	18,679		Exponent, Inc		1,217,871
	6,764	*	Franklin Covey Co		126,149
	22,868	*	FTI Consulting, Inc		750,299
	5,783	*	GP Strategies Corp		165,683
	39,779		Healthcare Services Group		2,078,453
	9,944		Heidrick & Struggles International, Inc		179,986
	5,084	*	Heritage-Crystal Clean, Inc		95,579
	33,203		Herman Miller, Inc		1,118,111
	23,226	*	Hill International, Inc		117,291
	23,944		HNI Corp		903,886
	20,177	*	Hudson Technologies, Inc		163,232
	12,049	*	Huron Consulting Group, Inc		427,739
	10,123	*	ICF International, Inc		458,066
	219,267	*	IHS Markit Ltd		10,228,806
	25,329	*	Innerworkings, Inc		298,629
	10,441		Insperity, Inc		788,295
	34,387		Interface, Inc		651,634
	75,363		KAR Auction Services, Inc		3,168,261
	17,203		Kelly Services, Inc (Class A)		383,111
	13,273		Kforce, Inc		248,205
	18,271		Kimball International, Inc (Class B)		304,578
	25,072		Knoll, Inc		485,394
	29,289		Korn/Ferry International		979,717
	18,547		LSC Communications, Inc		396,535
	37,735		Manpower, Inc		4,043,305
	17,335		Matthews International Corp (Class A)		1,136,309
	13,160		McGrath RentCorp		467,575
	57,537	*,m	Media General, Inc		0
	8,188	*	Mistras Group, Inc		164,988
	23,030		Mobile Mini, Inc		709,324
	18,521		MSA Safety, Inc		1,484,643
	7,684		Multi-Color Corp		618,562

158

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	26,070	*	Navigant Consulting, Inc	$	441,365
	200,021		Nielsen NV		8,602,903
	4,554	*	NL Industries, Inc		35,521
	28,315	*	On Assignment, Inc		1,394,514
	104,152		Pitney Bowes, Inc		1,639,352
	16,427		Quad Graphics, Inc		368,950
	129,584		Republic Services, Inc		8,321,884
	15,702		Resources Connection, Inc		209,622
	69,926		Robert Half International, Inc		3,164,152
	54,672		Rollins, Inc		2,373,312
	22,513	*	RPX Corp		307,753
	39,549		RR Donnelley & Sons Co		488,826
	8,308	*	SP Plus Corp		271,672
	48,049		Steelcase, Inc (Class A)		655,869
	46,320	*	Stericycle, Inc		3,570,346
	15,785	*	Team, Inc		226,515
	31,842		Tetra Tech, Inc		1,510,903
	71,382	*	TransUnion		3,271,437
	22,948	*	TriNet Group, Inc		803,180
	22,868	*	TrueBlue, Inc		584,277
	8,893		Unifirst Corp		1,265,029
	12,086		US Ecology, Inc		627,263
	84,866	*	Verisk Analytics, Inc		7,405,407
	11,387		Viad Corp		609,774
	4,264		VSE Corp		221,088
	20,772	*	WageWorks, Inc		1,354,334
	259,871		Waste Management, Inc		19,529,306
	22,949		West Corp		536,318
	4,164	*	Willdan Group, Inc		139,952
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		130,291,103
CONSUMER DURABLES & APPAREL - 1.4%
	12,563		Acushnet Holdings Corp		232,039
	32,312	*,e	American Outdoor Brands Corp		667,889
	6,685		Bassett Furniture Industries, Inc		248,682
	17,651	*	Beazer Homes USA, Inc		234,052
	10,975	*	Black Diamond, Inc		71,338
	50,573		Brunswick Corp		2,862,938
	40,162		CalAtlantic Group, Inc		1,409,686
	54,135		Callaway Golf Co		689,139
	26,431		Carter’s, Inc		2,292,361
	4,569	*	Cavco Industries, Inc		595,798
	9,373	*	Century Communities, Inc		242,761
	158,107		Coach, Inc		7,453,164
	16,052		Columbia Sportswear Co		972,430
	48,854	*	CROCS, Inc		387,901
	6,375		CSS Industries, Inc		170,659
	5,692		Culp, Inc		170,760
	17,615	*	Deckers Outdoor Corp		1,142,509
	4,690	*	Delta Apparel, Inc		98,631
	193,320		DR Horton, Inc		6,899,591
	3,755		Escalade, Inc		46,374
	13,716		Ethan Allen Interiors, Inc		439,598

159

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	4,942		Flexsteel Industries, Inc	$	276,653
	24,829	*	Fossil Group, Inc		279,326
	66,991	*	Garmin Ltd		3,362,278
	24,576	*	G-III Apparel Group Ltd		639,713
	59,495	*,e	GoPro, Inc		490,239
	11,271	*	Green Brick Partners, Inc		126,799
	210,263		Hanesbrands, Inc		4,819,228
	63,873		Hasbro, Inc		6,762,873
	15,163	*	Helen of Troy Ltd		1,527,672
	6,855		Hooker Furniture Corp		289,281
	74,783	*	Hovnanian Enterprises, Inc (Class A)		164,523
	26,627	*	Iconix Brand Group, Inc		177,602
	12,444	*	Installed Building Products Inc		669,487
	14,984	*	iRobot Corp		1,580,962
	3,542		Johnson Outdoors, Inc		178,942
	48,092		KB Home		1,102,269
	25,761		La-Z-Boy, Inc		870,722
	72,970		Leggett & Platt, Inc		3,515,695
	6,801		Lennar Corp (B Shares)		302,440
	111,604		Lennar Corp (Class A)		5,852,514
	9,911	*,e	LGI Homes, Inc		439,057
	12,555		Libbey, Inc		112,995
	3,865		Lifetime Brands, Inc		73,242
	54,374	*	Lululemon Athletica, Inc		3,351,613
	13,342	*	M/I Homes, Inc		346,091
	11,436	*	Malibu Boats Inc		327,184
	6,903		Marine Products Corp		100,232
	193,655		Mattel, Inc		3,876,973
	11,600		MCBC Holdings, Inc		214,600
	23,984		MDC Holdings, Inc		822,411
	21,175	*	Meritage Homes Corp		862,881
	86,604	*	Michael Kors Holdings Ltd		3,155,850
	34,492	*	Mohawk Industries, Inc		8,588,163
	9,860		Movado Group, Inc		242,556
	2,602		Nacco Industries, Inc (Class A)		170,691
	17,787	*	Nautilus, Inc		313,051
	9,751	*	New Home Co Inc		105,408
	269,095		Newell Rubbermaid, Inc		14,186,688
	753,095		Nike, Inc (Class B)		44,470,260
	1,878	*	NVR, Inc		4,902,406
	9,063		Oxford Industries, Inc		572,147
	7,374	*	Perry Ellis International, Inc		144,825
	33,658	e	Polaris Industries, Inc		3,017,776
	23,049		Pool Corp		2,492,058
	169,918		Pulte Homes, Inc		4,149,398
	44,122		PVH Corp		5,263,313
	31,443		Ralph Lauren Corp		2,378,663
	26,902	*,e	Sequential Brands Group, Inc		86,355
	74,737	*	Skechers U.S.A., Inc (Class A)		2,099,362
	32,508	*	Steven Madden Ltd		1,332,828
	9,704	e	Sturm Ruger & Co, Inc		558,950
	3,027		Superior Uniform Group, Inc		67,593
	35,461	*	Taylor Morrison Home Corp		802,128

160

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	26,376	*,e	Tempur Sealy International, Inc	$	1,521,104
	86,178		Toll Brothers, Inc		3,325,609
	20,924	*	TopBuild Corp		1,104,369
	87,990	*	TRI Pointe Homes, Inc		1,170,267
	27,979		Tupperware Corp		1,698,605
	3,775	*	UCP, Inc (Class A)		42,091
	106,825	*,e	Under Armour, Inc		1,934,601
	104,886	*,e	Under Armour, Inc (Class A)		2,099,818
	9,279	*	Unifi, Inc		303,980
	8,832	*	Universal Electronics, Inc		604,550
	11,056	*	Vera Bradley, Inc		111,444
	185,704		VF Corp		11,548,932
	32,050	*	Vista Outdoor, Inc		740,035
	2,514		Weyco Group, Inc		70,090
	40,833		Whirlpool Corp		7,263,374
	14,139	*	William Lyon Homes, Inc		319,683
	52,906		Wolverine World Wide, Inc		1,491,949
	16,971	*	Zagg, Inc		143,405
			TOTAL CONSUMER DURABLES & APPAREL		205,439,172
CONSUMER SERVICES - 2.2%
	35,539	*	Adtalem Global Education, Inc		1,155,017
	8,985	*	American Public Education, Inc		191,380
	135,870		ARAMARK Holdings Corp		5,415,778
	5,634	*	Ascent Media Corp (Series A)		95,215
	49,386	*	Belmond Ltd.		644,487
	11,284	*	BJ’s Restaurants, Inc		398,325
	56,586		Bloomin’ Brands, Inc		986,294
	11,029		Bob Evans Farms, Inc		762,986
	9,583	*	Bojangles’, Inc		127,454
	46,830		Boyd Gaming Corp		1,173,560
	9,845	*	Bridgepoint Education, Inc		95,595
	28,264	*	Bright Horizons Family Solutions		2,233,139
	27,305		Brinker International, Inc		968,508
	9,174	*	Buffalo Wild Wings, Inc		986,205
	28,000	*	Caesars Acquisition Co		543,200
	39,071	*,e	Caesars Entertainment Corp		482,527
	6,499	*	Cambium Learning Group, Inc		31,975
	6,357		Capella Education Co		436,726
	41,943	*	Career Education Corp		352,741
	230,903		Carnival Corp		15,419,702
	18,202		Carriage Services, Inc		443,947
	23,059	*	Carrols Restaurant Group, Inc		281,320
	11,016	*	Century Casinos, Inc		79,205
	25,107		Cheesecake Factory		1,194,591
	46,910	*,e	Chegg, Inc		649,703
	14,314	*	Chipotle Mexican Grill, Inc (Class A)		4,920,724
	18,690		Choice Hotels International, Inc		1,208,309
	7,515		Churchill Downs, Inc		1,405,681
	9,542	*	Chuy’s Holdings, Inc		224,714
	35,355		ClubCorp Holdings, Inc		599,267
	2,954		Collectors Universe		73,496
	10,493	e	Cracker Barrel Old Country Store, Inc		1,631,137

161

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	70,993		Darden Restaurants, Inc	$	5,954,893
	23,623	*	Dave & Buster’s Entertainment, Inc		1,467,225
	11,445	*	Del Frisco’s Restaurant Group, Inc		162,519
	18,560	*	Del Taco Restaurants, Inc		242,950
	52,403	*	Denny’s Corp		595,298
	9,506	e	DineEquity, Inc		391,077
	27,033		Domino’s Pizza, Inc		5,041,655
	77,936	*	Drive Shack, Inc		238,484
	51,649		Dunkin Brands Group, Inc		2,738,946
	9,550	*	El Pollo Loco Holdings, Inc		124,150
	26,181	*	Eldorado Resorts, Inc		534,092
	1,317	*	Empire Resorts, Inc		30,093
	91,914		Extended Stay America, Inc		1,817,140
	13,323	*	Fiesta Restaurant Group, Inc		223,826
	5,129	*	Fogo De Chao, Inc		69,498
	4,866		Golden Entertainment, Inc		100,142
	2,419		Graham Holdings Co		1,433,016
	26,182	*	Grand Canyon Education, Inc		1,926,210
	116,061		H&R Block, Inc		3,539,860
	11,648	*,e	Habit Restaurants, Inc		191,610
	33,466	*	Hilton Grand Vacations, Inc		1,230,210
	107,915		Hilton Worldwide Holdings, Inc		6,747,925
	60,193	*	Houghton Mifflin Harcourt Co		719,306
	18,742	*	Hyatt Hotels Corp		1,041,493
	60,172		ILG, Inc		1,595,160
	59,767		International Game Technology plc		1,137,964
	13,919		International Speedway Corp (Class A)		498,300
	8,133	*	Intrawest Resorts Holdings Inc		193,159
	6,337	*	J Alexander’s Holdings, Inc		66,855
	17,613		Jack in the Box, Inc		1,633,782
	19,755	*	K12, Inc		349,861
	46,064	*	La Quinta Holdings, Inc		686,814
	203,128		Las Vegas Sands Corp		12,514,716
	20,569	*	Laureate Education, Inc		350,084
	11,522	*	Lindblad Expeditions Holdings, Inc		115,335
	9,840		Marcus Corp		267,648
	179,953		Marriott International, Inc (Class A)		18,749,303
	12,243		Marriott Vacations Worldwide Corp		1,430,595
	460,774		McDonald’s Corp		71,484,479
	288,314		MGM Resorts International		9,494,180
	6,193	*	Monarch Casino & Resort, Inc		204,926
	1,566	*	Nathan’s Famous, Inc		97,875
	10,355	*,e	Noodles & Co		39,867
	91,110	*	Norwegian Cruise Line Holdings Ltd		5,017,428
	15,083		Papa John’s International, Inc		1,075,870
	52,037	*	Penn National Gaming, Inc		1,049,066
	31,139	*	Pinnacle Entertainment, Inc		591,641
	46,740		Planet Fitness, Inc		1,059,128
	29,178	*	Potbelly Corp		335,547
	5,088	e	RCI Hospitality Holdings, Inc		115,447
	7,530	*	Red Lion Hotels Corp		53,840
	7,090	*	Red Robin Gourmet Burgers, Inc		423,982
	37,554		Red Rock Resorts, Inc		897,541

162

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	28,824	*	Regis Corp	$	303,517
	97,659		Royal Caribbean Cruises Ltd		11,042,303
	42,757	*	Ruby Tuesday, Inc		86,369
	17,188		Ruth’s Chris Steak House, Inc		343,760
	31,130	*	Scientific Games Corp (Class A)		1,153,367
	37,921	e	SeaWorld Entertainment, Inc		583,225
	100,634		Service Corp International		3,495,019
	75,205	*	ServiceMaster Global Holdings, Inc		3,306,012
	12,049	*,e	Shake Shack, Inc		397,737
	40,404		Six Flags Entertainment Corp		2,297,775
	22,829	e	Sonic Corp		540,134
	21,291	*	Sotheby’s (Class A)		1,204,858
	10,246		Speedway Motorsports, Inc		217,830
	816,345		Starbucks Corp		44,066,303
	625	*	Steak N Shake Co		233,950
	5,977		Strayer Education, Inc		469,912
	37,120		Texas Roadhouse, Inc (Class A)		1,755,776
	22,129		Vail Resorts, Inc		4,663,908
	16,420	*,e	Weight Watchers International, Inc		588,164
	104,647		Wendy’s		1,615,750
	16,235		Wingstop, Inc		487,212
	58,093		Wyndham Worldwide Corp		6,063,166
	45,428		Wynn Resorts Ltd		5,875,658
	207,660	*	Yum China Holdings, Inc		7,432,151
	196,143		Yum! Brands, Inc		14,804,874
	12,793	*,e	Zoe’s Kitchen, Inc		144,689
			TOTAL CONSUMER SERVICES		326,478,338
DIVERSIFIED FINANCIALS - 4.2%
	31,837		Affiliated Managers Group, Inc		5,916,270
	19,777		AG Mortgage Investment Trust		364,094
	207,851		AGNC Investment Corp		4,402,284
	263,107		Ally Financial, Inc		5,956,742
	422,926		American Express Co		36,045,983
	86,703		Ameriprise Financial, Inc		12,561,531
	635,035		Annaly Capital Management, Inc		7,639,471
	50,785		Anworth Mortgage Asset Corp		305,726
	49,695		Apollo Commercial Real Estate Finance, Inc		896,001
	19,022		Ares Commercial Real Estate Corp		243,482
	12,394	e	Arlington Asset Investment Corp (Class A)		159,883
	21,369		ARMOUR Residential REIT, Inc		539,781
	25,741		Artisan Partners Asset Management, Inc		855,888
	2,529		Associated Capital Group, Inc		84,848
	6,658		B. Riley Financial, Inc		129,498
	565,559		Bank of New York Mellon Corp		29,991,594
	130,224		BGC Partners, Inc (Class A)		1,642,125
	72,338		BlackRock, Inc		30,854,327
	273,873		Capital One Financial Corp		23,602,375
	53,268		Capstead Mortgage Corp		520,961
	61,747		CBOE Holdings, Inc		5,836,944
	670,417		Charles Schwab Corp		28,760,889
	6,774		Cherry Hill Mortgage Investment Corp		129,993
	103,252		Chimera Investment Corp		1,943,203

163

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	190,164		CME Group, Inc	$	23,317,910
	13,010		Cohen & Steers, Inc		525,604
	13,789	*	Cowen Group, Inc		220,624
	6,534	*,e	Credit Acceptance Corp		1,627,619
	85,009		CYS Investments, Inc		723,427
	1,765		Diamond Hill Investment Group, Inc		348,587
	213,946		Discover Financial Services		13,037,869
	14,909	*	Donnelley Financial Solutions, Inc		345,889
	21,154		Dynex Capital, Inc		146,174
	155,624	*	E*TRADE Financial Corp		6,380,584
	61,797		Eaton Vance Corp		3,033,615
	12,279	*	Elevate Credit, Inc		101,056
	4,621		Ellington Residential Mortgage REIT		68,529
	13,397	*,e	Encore Capital Group, Inc		537,220
	18,680	*	Enova International, Inc		270,860
	22,970		Evercore Partners, Inc (Class A)		1,806,590
	26,489	*	Ezcorp, Inc (Class A)		206,614
	21,908		Factset Research Systems, Inc		3,663,456
	52,116		Federated Investors, Inc (Class B)		1,502,504
	32,600		Financial Engines, Inc		1,253,470
	26,529		FirstCash, Inc		1,542,661
	36,692	*	FNFV Group		632,937
	191,342		Franklin Resources, Inc		8,568,295
	18,429		Gain Capital Holdings, Inc		123,659
	2,529		GAMCO Investors, Inc (Class A)		77,666
	209,045		Goldman Sachs Group, Inc		47,104,110
	8,967		Great Ajax Corp		124,821
	25,505	*	Green Dot Corp		1,026,321
	16,600		Greenhill & Co, Inc		307,100
	7,789		Hamilton Lane, Inc		174,941
	27,724		Hannon Armstrong Sustainable Infrastructure Capital, Inc		644,583
	12,909		Houlihan Lokey, Inc		479,957
	36,942		Interactive Brokers Group, Inc (Class A)		1,479,527
	328,335		IntercontinentalExchange Group, Inc		21,903,228
	8,607	*	INTL FCStone, Inc		336,792
	228,440		Invesco Ltd		7,942,859
	59,623		Invesco Mortgage Capital, Inc		991,530
	19,357		Investment Technology Group, Inc		427,209
	22,831	e	iShares Russell 2000 Index Fund		3,230,815
	25,185	e	iShares Russell 3000 Index Fund		3,680,032
	5,996	e	KKR Real Estate Finance Trust, Inc		122,918
	37,210		Ladder Capital Corp		489,684
	57,827	*	Ladenburg Thalmann Financial Services, Inc		131,845
	67,648		Lazard Ltd (Class A)		3,159,838
	48,479		Legg Mason, Inc		1,939,645
	185,343	*	LendingClub Corp		939,689
	187,603		Leucadia National Corp		4,883,306
	49,520		LPL Financial Holdings, Inc		2,266,035
	20,676		MarketAxess Holdings, Inc		4,194,954
	3,292		Marlin Business Services Corp		85,592
	214,267		MFA Mortgage Investments, Inc		1,819,127
	14,678		Moelis & Co		600,330
	95,972		Moody’s Corp		12,632,794

164

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	751,723		Morgan Stanley	$	35,255,809
	14,370		Morningstar, Inc		1,186,531
	50,679		MSCI, Inc (Class A)		5,521,477
	26,768		MTGE Investment Corp		497,885
	63,866		NASDAQ OMX Group, Inc		4,749,714
	161,605		Navient Corp		2,383,674
	11,469		Nelnet, Inc (Class A)		563,013
	179,786		New Residential Investment Corp		3,056,362
	62,301		New York Mortgage Trust, Inc		393,742
	17,297		NewStar Financial, Inc		189,229
	117,138		Northern Trust Corp		10,250,746
	30,987		OM Asset Management plc		466,974
	34,049	*	On Deck Capital, Inc		146,411
	30,249	*	OneMain Holdings, Inc		808,858
	3,966		Oppenheimer Holdings, Inc		62,464
	19,429		Orchid Island Capital, Inc		185,158
	4,588		Owens Realty Mortgage, Inc		79,326
	35,055		PennyMac Mortgage Investment Trust		616,968
	12,455	*	Pico Holdings, Inc		202,394
	8,397		Piper Jaffray Cos		523,973
	11,094		PJT Partners, Inc		481,258
	25,821	*	PRA Group, Inc		1,012,183
	9,183		Pzena Investment Management, Inc (Class A)		96,881
	72,356		Raymond James Financial, Inc		6,019,296
	40,114		Redwood Trust, Inc		692,769
	4,505	*	Regional Management Corp		108,075
	24,319		Resource Capital Corp		249,270
	144,901		S&P Global, Inc		22,255,345
	15,919	*	Safeguard Scientifics, Inc		189,436
	85,379	*	Santander Consumer USA Holdings, Inc		1,093,705
	88,737		SEI Investments Co		5,014,528
	3,516		Silvercrest Asset Management Group, Inc		44,477
	243,733	*	SLM Corp		2,700,562
	3,278		SPDR S&P MidCap 400 ETF Trust		1,050,599
	206,026		SPDR Trust Series 1		50,841,036
	142,997		Starwood Property Trust, Inc		3,151,654
	210,689		State Street Corp		19,642,535
	37,370	*	Stifel Financial Corp		1,900,264
	460,628		Synchrony Financial		13,966,241
	131,844		T Rowe Price Group, Inc		10,906,136
	143,189		TD Ameritrade Holding Corp		6,548,033
	13,907		Tiptree Financial, Inc		95,263
	183,531		Two Harbors Investment Corp		1,815,122
	41,668	e	Virtu Financial, Inc		689,605
	3,702		Virtus Investment Partners, Inc		436,096
	104,233		Voya Financial, Inc		4,090,103
	46,797		Waddell & Reed Financial, Inc (Class A)		967,294
	21,861		Western Asset Mortgage Capital Corp		227,136
	5,694		Westwood Holdings Group, Inc		335,661
	67,611	e	WisdomTree Investments, Inc		705,859
	3,416	*	World Acceptance Corp		258,147
	9,253		ZAIS Financial Corp		136,944
			TOTAL DIVERSIFIED FINANCIALS		617,429,115

165

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
ENERGY - 5.6%
	101,818	*	Abraxas Petroleum Corp	$	181,236
	1,000		Adams Resources & Energy, Inc		37,990
	318,767		Anadarko Petroleum Corp		14,558,089
	87,350	*	Andeavor		8,693,946
	128,871	*	Antero Resources Corp		2,657,320
	217,082		Apache Corp		10,741,217
	31,598	*,e	Approach Resources, Inc		98,902
	12,459		Arch Coal, Inc		947,756
	41,233		Archrock, Inc		451,501
	17,854		Ardmore Shipping Corp		141,939
	43,991	*,e	Atwood Oceanics, Inc		345,769
	245,548		Baker Hughes a GE Co		9,058,266
	9,466	*	Basic Energy Services, Inc		212,038
	45,854	*	Bill Barrett Corp		154,987
	11,232	*	Bonanza Creek Energy, Inc		326,177
	19,748	e	Bristow Group, Inc		145,543
	25,977	*	C&J Energy Services, Inc		840,096
	261,765		Cabot Oil & Gas Corp		6,510,096
	24,409	*,e	California Resources Corp		198,201
	116,022	*	Callon Petroleum Co		1,313,369
	18,646	*,e	CARBO Ceramics, Inc		131,827
	36,175	*	Carrizo Oil & Gas, Inc		570,118
	61,975	*,e	Centennial Resource Development, Inc		1,039,941
	121,111	*	Cheniere Energy, Inc		5,474,217
	525,997	*,e	Chesapeake Energy Corp		2,608,945
	1,074,193		Chevron Corp		117,291,134
	52,696		Cimarex Energy Co		5,218,485
	73,012	*	Clean Energy Fuels Corp		191,291
	42,331	*	Cloud Peak Energy, Inc		146,465
	82,543	*	Concho Resources, Inc		10,752,051
	705,902		ConocoPhillips		32,026,774
	129,555	*	Consol Energy, Inc		2,171,342
	18,033	*	Contango Oil & Gas Co		108,198
	53,203	*	Continental Resources, Inc		1,778,576
	9,182	e	CVR Energy, Inc		173,632
	45,212		Delek US Holdings, Inc		1,180,485
	240,238	*	Denbury Resources, Inc		350,747
	300,926	*	Devon Energy Corp		10,023,845
	53,411		DHT Holdings, Inc		222,190
	37,793	*,e	Diamond Offshore Drilling, Inc		469,389
	55,948	*	Diamondback Energy, Inc		5,364,294
	12,492	*	Dorian LPG Ltd		89,942
	21,722	*	Dril-Quip, Inc		968,801
	5,033	*,e	Earthstone Energy, Inc		49,676
	58,591	*	Eclipse Resources Corp		164,641
	55,606	*	Energen Corp		2,962,688
	16,211	*	Energy XXI Gulf Coast, Inc		320,816
	175,417		Ensco plc		927,956
	328,306		EOG Resources, Inc		31,235,033
	23,020	*,e	EP Energy Corp		77,808
	96,925		EQT Corp		6,174,123

166

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	14,655	*	Era Group, Inc	$	128,378
	19,088		Evolution Petroleum Corp		164,157
	18,348	*	Exterran Corp		508,056
	67,567	*,e	Extraction Oil & Gas, Inc		822,966
	2,406,178	*	Exxon Mobil Corp		192,590,487
	95,752	*,e	Fairmount Santrol Holdings, Inc		279,596
	40,560	*	Forum Energy Technologies, Inc		537,420
	30,866	e	Frank’s International NV		250,015
	41,861	e	Frontline Ltd		239,864
	23,966	e	GasLog Ltd		437,379
	103,381	*,e	Gastar Exploration, Inc		88,908
	28,510	*,e	Gener8 Maritime, Inc		152,528
	7,214	*	Geospace Technologies Corp		111,023
	54,445	e	Golar LNG Ltd		1,296,335
	21,991		Green Plains Renewable Energy, Inc		434,322
	8,090		Gulf Island Fabrication, Inc		92,226
	90,441	*	Gulfport Energy Corp		1,141,365
	39,882	*	Halcon Resources Corp		261,626
	7,976		Hallador Energy Co		54,955
	492,031		Halliburton Co		20,881,796
	83,922	*	Helix Energy Solutions Group, Inc		548,850
	59,407	e	Helmerich & Payne, Inc		3,007,182
	161,001		Hess Corp		7,170,985
	101,215		HollyFrontier Corp		2,919,041
	16,803	*	Independence Contract Drilling, Inc		65,028
	16,510	*	International Seaways, Inc		376,593
	341	*	Isramco, Inc		39,266
	18,273	*,e	Jagged Peak Energy, Inc		258,746
	42,922	*,e	Jones Energy, Inc (Class A)		64,383
	18,711	*,e	Keane Group, Inc		286,840
	5,493	*,e	Key Energy Services, Inc		103,378
	1,099,775		Kinder Morgan, Inc		22,468,403
	107,433	*,e	Kosmos Energy LLC		709,058
	93,156	*	Laredo Petroleum Holdings, Inc		1,207,302
	27,280	*,e	Lilis Energy, Inc		123,578
	5,084	*	Mammoth Energy Services, Inc		74,582
	483,783		Marathon Oil Corp		5,916,666
	294,329		Marathon Petroleum Corp		16,479,481
	50,913	*	Matador Resources Co		1,235,149
	14,810	*	Matrix Service Co		153,284
	162,577	*	McDermott International, Inc		1,100,646
	6,368	*	Midstates Petroleum Co, Inc		90,298
	93,606	e	Murphy Oil Corp		2,488,047
	161,753		Nabors Industries Ltd		1,247,116
	214,762		National Oilwell Varco, Inc		7,024,865
	6,634	*	Natural Gas Services Group, Inc		165,518
	58,664		Navios Maritime Acq Corp		82,716
	6,346	*	NCS Multistage Holdings, Inc		142,468
	113,669	*	Newfield Exploration Co		3,265,710
	52,482	*	Newpark Resources, Inc		438,225
	144,797		Noble Corp plc		579,188
	269,725		Noble Energy, Inc		7,797,750
	55,596	e	Nordic American Tanker Shipping		326,904

167

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	135,603	*	Oasis Petroleum, Inc	$	1,054,991
	431,650		Occidental Petroleum Corp		26,732,085
	54,669		Oceaneering International, Inc		1,402,260
	29,381	*	Oil States International, Inc		730,118
	119,694		Oneok, Inc		6,771,090
	26,680		Overseas Shipholding Group, Inc		82,174
	21,555	*	Pacific Ethanol, Inc		134,719
	10,195		Panhandle Oil and Gas, Inc (Class A)		224,290
	18,649	*	Par Pacific Holdings, Inc		334,004
	97,112	*	Parker Drilling Co		116,534
	131,988	*	Parsley Energy, Inc		3,864,609
	118,334		Patterson-UTI Energy, Inc		2,288,580
	63,383	e	PBF Energy, Inc		1,443,231
	37,503	*	PDC Energy, Inc		1,768,641
	27,976	*	Peabody Energy Corp		784,447
	7,783	*	Penn Virginia Corp		298,945
	5,035	*	PHI, Inc		48,840
	249,236		Phillips 66		20,873,515
	52,631	*	Pioneer Energy Services Corp		115,788
	95,688		Pioneer Natural Resources Co		15,606,713
	14,560	*	ProPetro Holding Corp		189,280
	138,377	*	Questar Market Resources, Inc		1,185,891
	127,986		Range Resources Corp		2,701,784
	23,511	*	Renewable Energy Group, Inc		293,888
	12,920	*,e	Resolute Energy Corp		438,763
	3,235	*	Rex American Resources Corp		323,435
	96,532	*	Rice Energy, Inc		2,700,000
	9,517	*	RigNet, Inc		180,347
	28,113	*	Ring Energy, Inc		367,156
	67,615	*	Rowan Cos plc		789,067
	42,692	e	RPC, Inc		884,151
	74,616	*	RSP Permian, Inc		2,563,806
	40,240	*,e	Sanchez Energy Corp		226,954
	20,762	*	SandRidge Energy, Inc		400,914
	785,431		Schlumberger Ltd		53,880,566
	94,504		Scorpio Tankers, Inc		350,610
	7,758	*	SEACOR Holdings, Inc		264,470
	8,519	*	SEACOR Marine Holdings, Inc		124,207
	1,608	*,e	Select Energy Services, Inc		24,972
	38,194		SemGroup Corp		1,033,148
	33,177	e	Ship Finance International Ltd		451,207
	3,621	*	SilverBow Resources, Inc		90,634
	64,116		SM Energy Co		1,114,977
	11,459	*	Smart Sand, Inc		75,400
	5,288	*,e	Solaris Oilfield Infrastructure, Inc		69,008
	288,969	*	Southwestern Energy Co		1,647,123
	116,020	*	SRC Energy, Inc		987,330
	10,730	*	Stone Energy Corp		231,553
	87,612	*	Superior Energy Services		942,705
	110,539		Targa Resources Investments, Inc		5,130,115
	33,452	e	Teekay Corp		327,830
	79,821		Teekay Tankers Ltd (Class A)		143,678
	32,848	*,e	Tellurian, Inc		300,559

168

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	25,468	*	Tesco Corp	$	117,153
	65,923	*	Tetra Technologies, Inc		185,244
	225,271	*,e	Transocean Ltd (NYSE)		1,948,594
	111,773	*	Ultra Petroleum Corp		1,150,144
	30,538	*	Unit Corp		549,073
	78,040	*,e	Uranium Energy Corp		124,864
	46,157		US Silica Holdings Inc		1,344,553
	254,404		Valero Energy Corp		17,546,244
	64,054	*,e	W&T Offshore, Inc		125,546
	508,964	*,e	Weatherford International Ltd		2,269,979
	11,352	*	Westmoreland Coal Co		48,927
	208,854	*	Whiting Petroleum Corp		1,096,484
	12,853	*,e	WildHorse Resource Development Corp		169,917
	35,803	*	Willbros Group, Inc		73,038
	471,477		Williams Cos, Inc		14,983,539
	38,564		World Fuel Services Corp		1,247,160
	226,380	*	WPX Energy, Inc		2,440,376
			TOTAL ENERGY		816,842,453
FOOD & STAPLES RETAILING - 1.4%
	14,768		Andersons, Inc		508,758
	21,752	e	Casey’s General Stores, Inc		2,322,026
	10,000	*	Chefs’ Warehouse Holdings, Inc		145,000
	577,490		CVS Health Corp		46,158,776
	7,755		Ingles Markets, Inc (Class A)		228,772
	512,558		Kroger Co		12,567,922
	11,075	*,e	Natural Grocers by Vitamin C		97,571
	39,641	*	Performance Food Group Co		1,141,661
	12,375		Pricesmart, Inc		1,042,594
	598,502	*	Rite Aid Corp		1,340,644
	12,098	*	Smart & Final Stores, Inc		104,043
	20,898		Spartan Stores, Inc		579,710
	75,711	*	Sprouts Farmers Market, Inc		1,822,364
	153,384	*	Supervalu, Inc		549,115
	276,670		Sysco Corp		14,558,375
	28,259	*	United Natural Foods, Inc		1,088,819
	75,154	*	US Foods Holding Corp		2,115,585
	4,530		Village Super Market (Class A)		112,027
	527,283		Walgreens Boots Alliance, Inc		42,535,920
	836,107		Wal-Mart Stores, Inc		66,880,199
	4,966		Weis Markets, Inc		234,941
	179,588		Whole Foods Market, Inc		7,499,595
			TOTAL FOOD & STAPLES RETAILING		203,634,417
FOOD, BEVERAGE & TOBACCO - 4.6%
	1,581		Alico, Inc		47,746
	1,092,315		Altria Group, Inc		70,967,706
	18,556	*,e	Amplify Snack Brands, Inc		194,096
	312,504		Archer Daniels Midland Co		13,181,419
	36,266		B&G Foods, Inc (Class A)		1,314,642
	52,727	*	Blue Buffalo Pet Products, Inc		1,179,503
	5,283	*	Boston Beer Co, Inc (Class A)		828,374
	39,663		Brown-Forman Corp		2,044,231

169

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	115,195		Brown-Forman Corp (Class B)	$	5,690,633
	78,871		Bunge Ltd		6,182,698
	8,835		Calavo Growers, Inc		654,232
	18,401	*,e	Cal-Maine Foods, Inc		701,998
	100,644		Campbell Soup Co		5,317,023
	47,721	*,e	Castle Brands, Inc		85,421
	2,459		Coca-Cola Bottling Co Consolidated		590,381
	2,199,831		Coca-Cola Co		100,840,253
	227,400		ConAgra Foods, Inc		7,786,176
	90,674		Constellation Brands, Inc (Class A)		17,531,818
	252,771		Costco Wholesale Corp		40,066,731
	8,358	*	Craft Brewers Alliance, Inc		146,265
	91,978	*	Darling International, Inc		1,496,482
	51,471		Dean Foods Co		772,065
	101,958		Dr Pepper Snapple Group, Inc		9,294,491
	6,862	*	Farmer Bros Co		213,751
	98,481		Flowers Foods, Inc		1,732,281
	19,090		Fresh Del Monte Produce, Inc		982,562
	13,880	*	Freshpet, Inc		236,654
	323,119		General Mills, Inc		17,984,804
	57,151	*	Hain Celestial Group, Inc		2,555,221
	85,956		Hershey Co		9,052,026
	151,245		Hormel Foods Corp		5,168,042
	44,905	*	Hostess Brands, Inc		686,148
	40,069		Ingredion, Inc		4,941,309
	8,463		J&J Snack Foods Corp		1,112,038
	63,257		J.M. Smucker Co		7,711,028
	5,244		John B. Sanfilippo & Son, Inc		337,294
	138,869		Kellogg Co		9,443,092
	337,564		Kraft Heinz Co		29,523,347
	83,091		Lamb Weston Holdings, Inc		3,654,342
	11,463		Lancaster Colony Corp		1,405,593
	15,115	*	Landec Corp		185,914
	4,909		Limoneira Co		111,729
	63,567		McCormick & Co, Inc		6,057,935
	7,916	e	Mgp Ingredients, Inc		466,727
	96,275		Molson Coors Brewing Co (Class B)		8,566,550
	825,808		Mondelez International, Inc		36,352,068
	231,731	*	Monster Beverage Corp		12,223,810
	6,697		National Beverage Corp		683,898
	13,153		Omega Protein Corp		210,448
	819,613		PepsiCo, Inc		95,575,072
	885,479		Philip Morris International, Inc		103,344,254
	48,875		Pilgrim’s Pride Corp		1,187,174
	66,562		Pinnacle Foods, Inc		3,952,452
	36,654	*	Post Holdings, Inc		3,049,613
	17,194	*	Primo Water Corp		213,378
	11,264	e	Sanderson Farms, Inc		1,472,768
	152		Seaboard Corp		649,800
	4,225	*	Seneca Foods Corp		121,258
	47,543		Snyder’s-Lance, Inc		1,654,021
	12,095	e	Tootsie Roll Industries, Inc		449,934
	31,119	*	TreeHouse Foods, Inc		2,639,825

170

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	2,787	*	Turning Point Brands, Inc	$	42,976
	157,319		Tyson Foods, Inc (Class A)		9,967,732
	13,159		Universal Corp		841,518
	52,241		Vector Group Ltd		1,051,611
			TOTAL FOOD, BEVERAGE & TOBACCO		674,726,381
HEALTH CARE EQUIPMENT & SERVICES - 5.5%
	8,642	*	AAC Holdings, Inc		54,185
	12,178		Abaxis, Inc		572,366
	960,904		Abbott Laboratories		47,257,259
	22,632	*	Abiomed, Inc		3,351,573
	44,941	*,e	Acadia Healthcare Co, Inc		2,378,727
	79,763	*	Accuray, Inc		338,993
	14,051		Aceto Corp		237,181
	5,061	*	Addus HomeCare Corp		171,821
	183,946		Aetna Inc		28,384,707
	48,244	*	Alere, Inc		2,431,015
	45,345	*	Align Technology, Inc		7,583,044
	100,789	*	Allscripts Healthcare Solutions, Inc		1,240,713
	7,160	*	Almost Family, Inc		354,062
	16,043	*	Amedisys, Inc		759,797
	5,548	*,e	American Renal Associates Holdings, Inc		94,871
	89,511		AmerisourceBergen Corp		8,397,922
	26,399	*	AMN Healthcare Services, Inc		974,123
	7,807		Analogic Corp		548,051
	20,137	*	Angiodynamics, Inc		327,226
	8,076	*	Anika Therapeutics, Inc		413,168
	80,493	*	Antares Pharma, Inc		252,748
	151,603		Anthem, Inc		28,229,995
	22,418	*	athenahealth, Inc		3,100,858
	19,168	*	AtriCure, Inc		464,441
	1,114		Atrion Corp		704,271
	16,645	*	AxoGen, Inc		262,991
	40,940		Bard (C.R.), Inc		13,125,364
	280,113		Baxter International, Inc		16,941,234
	125,813		Becton Dickinson & Co		25,338,738
	69,052	*,e	BioScrip, Inc		199,560
	16,577	*	BioTelemetry, Inc		566,933
	779,923	*	Boston Scientific Corp		20,761,550
	104,125	*	Brookdale Senior Living, Inc		1,478,575
	20,257		Cantel Medical Corp		1,503,069
	16,678	*	Capital Senior Living Corp		230,156
	177,559		Cardinal Health, Inc		13,718,208
	17,915	*	Cardiovascular Systems, Inc		565,218
	34,956	*,e	Castlight Health, Inc		150,311
	96,943	*	Centene Corp		7,699,213
	161,803	*	Cerner Corp		10,415,259
	67,628	*,e	Cerus Corp		152,839
	8,751		Chemed Corp		1,728,323
	141,343		Cigna Corp		24,531,491
	6,476	*	Civitas Solutions, Inc		115,597
	54,524	*	Community Health Systems, Inc		389,847
	6,912	e	Computer Programs & Systems, Inc		211,853

171

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	31,127	*	ConforMIS, Inc	$	155,946
	15,331		Conmed Corp		786,787
	27,104		Cooper Cos, Inc		6,609,853
	54,387	*,e	Corindus Vascular Robotics, Inc		90,282
	6,574	*	Corvel Corp		312,594
	15,095	*	Cotiviti Holdings, Inc		649,840
	22,489	*	Cross Country Healthcare, Inc		264,471
	17,506	*	CryoLife, Inc		328,238
	6,447	*	Cutera, Inc		167,944
	349,924		Danaher Corp		28,515,307
	88,155	*	DaVita, Inc		5,710,681
	126,265		Dentsply Sirona, Inc		7,832,218
	47,965	*	DexCom, Inc		3,194,949
	26,588	*	Diplomat Pharmacy, Inc		421,952
	119,046	*	Edwards Lifesciences Corp		13,711,718
	45,122	*	Endologix, Inc		220,647
	26,992		Ensign Group, Inc		603,811
	6,896	*	Entellus Medical, Inc		121,025
	65,340	*	Envision Healthcare Corp		3,687,136
	22,522	*	Evolent Health, Inc		556,293
	5,211	*	Exactech, Inc		151,901
	341,816	*	Express Scripts Holding Co		21,411,354
	3,477	*	FONAR Corp		89,359
	25,613	*	GenMark Diagnostics, Inc		303,002
	16,666	*	Glaukos Corp		669,640
	39,149	*	Globus Medical, Inc		1,203,832
	29,298	*	Haemonetics Corp		1,205,027
	26,402	*	Halyard Health, Inc		1,061,888
	168,551	*	HCA Holdings, Inc		13,541,387
	28,646	*	HealthEquity, Inc		1,313,992
	49,993		Healthsouth Corp		2,127,702
	14,276	*	HealthStream, Inc		337,199
	44,327	*	Henry Schein, Inc		8,076,823
	36,837		Hill-Rom Holdings, Inc		2,745,093
	48,845	*	HMS Holdings Corp		980,808
	156,306	*	Hologic, Inc		6,910,288
	81,444		Humana, Inc		18,829,853
	8,420	*	ICU Medical, Inc		1,447,398
	49,960	*	Idexx Laboratories, Inc		8,316,342
	9,444	*	Inogen Inc		891,325
	34,996	*,e	Inovalon Holdings, Inc		444,449
	32,369	*	Insulet Corp		1,628,484
	18,068	*	Integer Holding Corp		827,514
	34,321	*	Integra LifeSciences Holdings Corp		1,704,381
	20,734	*	Intuitive Surgical, Inc		19,453,883
	19,181		Invacare Corp		300,183
	7,559	*	iRhythm Technologies, Inc		312,640
	22,501	*	K2M Group Holdings, Inc		547,449
	48,155		Kindred Healthcare, Inc		430,987
	57,513	*	Laboratory Corp of America Holdings		9,139,391
	4,554		Landauer, Inc		247,965
	16,155	*	Lantheus Holdings, Inc		298,060
	8,430		LeMaitre Vascular, Inc		304,070

172

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	8,808	*	LHC Group, Inc	$	509,983
	20,820	*	LifePoint Hospitals, Inc		1,236,708
	27,027	*	LivaNova plc		1,647,025
	13,562	*	Magellan Health Services, Inc		1,011,047
	25,487	*	Masimo Corp		2,411,070
	120,651		McKesson Corp		19,529,777
	31,995	*	Medidata Solutions, Inc		2,457,536
	51,009	*	MEDNAX, Inc		2,396,403
	776,036		Medtronic plc		65,163,743
	20,456		Meridian Bioscience, Inc		277,179
	27,167	*	Merit Medical Systems, Inc		1,113,847
	24,720	*	Molina Healthcare, Inc		1,651,296
	9,809	*,e	NantHealth, Inc		41,983
	6,158		National Healthcare Corp		401,317
	5,205		National Research Corp		153,027
	17,896	*	Natus Medical, Inc		629,939
	25,747	*	Neogen Corp		1,695,955
	15,382	*	Nevro Corp		1,323,775
	33,897	*,e	Novocure Ltd		698,278
	28,141	*	NuVasive, Inc		1,851,396
	36,117	*	NxStage Medical, Inc		850,555
	5,167	*,e	Obalon Therapeutics, Inc		43,920
	20,580	*	Omnicell, Inc		1,020,768
	30,643	*	OraSure Technologies, Inc		537,478
	10,486	*	Orthofix International NV		454,883
	33,719		Owens & Minor, Inc		1,086,763
	12,394	*	Oxford Immunotec Global plc		208,219
	46,027		Patterson Cos, Inc		1,920,246
	16,803	*	Penumbra, Inc		1,371,965
	16,263	*	PharMerica Corp		409,015
	48,840	*	Premier, Inc		1,704,516
	7,666	*	Providence Service Corp		395,106
	5,181	*,e	Pulse Biosciences, Inc		100,667
	29,285	*	Quality Systems, Inc		500,774
	76,740		Quest Diagnostics, Inc		8,311,709
	15,359	*	Quidel Corp		491,334
	13,997	*	Quotient Ltd		77,263
	55,655	*,e	R1 RCM, Inc		188,670
	20,627	*	RadNet, Inc		158,828
	78,121		Resmed, Inc		6,024,692
	29,766	*,e	Rockwell Medical, Inc		212,232
	22,692	*	RTI Biologics, Inc		129,344
	60,742	*	Select Medical Holdings Corp		984,020
	7,856	*,e	Sientra, Inc		80,760
	5,924		Simulations Plus, Inc		87,675
	24,580	*	Spectranetics Corp		946,330
	23,114	*,e	Staar Surgical Co		236,919
	46,673		STERIS plc		3,820,185
	191,970		Stryker Corp		28,238,787
	11,116	*	Surgery Partners, Inc		220,653
	8,004	*	SurModics, Inc		210,505
	5,060	*	Tabula Rasa HealthCare, Inc		78,936
	5,245	*,e	Tactile Systems Technology, Inc		154,990

173

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	31,155	*,e	Teladoc, Inc	$	1,021,884
	25,241		Teleflex, Inc		5,230,440
	46,014	*,e	Tenet Healthcare Corp		798,343
	20,359	*	Tivity Health, Inc		807,234
	10,733	*	Triple-S Management Corp (Class B)		166,147
	545,111		UnitedHealth Group, Inc		104,557,741
	48,847		Universal Health Services, Inc (Class B)		5,413,713
	6,703		US Physical Therapy, Inc		422,959
	1,453		Utah Medical Products, Inc		100,402
	20,640	*	Varex Imaging Corp		636,744
	51,498	*	Varian Medical Systems, Inc		5,001,486
	51,214	*	VCA Antech, Inc		4,741,392
	61,343	*	Veeva Systems, Inc		3,911,230
	41,265	*,e	ViewRay, Inc		195,183
	8,904	*,e	Viveve Medical, Inc		58,855
	15,499	*	Vocera Communications, Inc		422,658
	26,423	*	WellCare Health Plans, Inc		4,676,607
	40,929		West Pharmaceutical Services, Inc		3,630,402
	58,886	*	Wright Medical Group NV		1,546,935
	113,427		Zimmer Holdings, Inc		13,760,964
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		804,466,117
HOUSEHOLD & PERSONAL PRODUCTS - 1.7%
	6,027	*	Central Garden & Pet Co		192,864
	19,854	*	Central Garden and Pet Co (Class A)		610,709
	138,937		Church & Dwight Co, Inc		7,412,289
	71,896		Clorox Co		9,597,397
	499,102		Colgate-Palmolive Co		36,035,165
	261,458		Coty, Inc		5,354,660
	31,830	*	Edgewell Personal Care Co		2,298,126
	11,683	*,e	elf Beauty, Inc		296,398
	34,145		Energizer Holdings, Inc		1,573,060
	122,245		Estee Lauder Cos (Class A)		12,101,033
	38,466	*,e	Herbalife Ltd		2,558,374
	67,387	*	HRG Group, Inc		1,116,603
	9,818		Inter Parfums, Inc		380,938
	198,539		Kimberly-Clark Corp		24,452,063
	5,231		Medifast, Inc		223,311
	3,678	e	Natural Health Trends Corp		90,589
	3,786		Nature’s Sunshine Products, Inc		47,893
	28,770		Nu Skin Enterprises, Inc (Class A)		1,822,867
	4,424		Nutraceutical International Corp		184,923
	2,506		Oil-Dri Corp of America		103,648
	7,958	e	Orchids Paper Products Co		89,607
	1,467,121		Procter & Gamble Co		133,243,929
	18,881	*	Revlon, Inc (Class A)		369,124
	13,603		Spectrum Brands, Inc		1,570,330
	6,440	*	USANA Health Sciences, Inc		367,724
	8,345		WD-40 Co		889,994
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		242,983,618
INSURANCE - 4.3%
	218,141		Aflac, Inc		17,396,745

174

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	8,421	*	Alleghany Corp	$	5,164,936
	203,257		Allstate Corp		18,496,387
	24,618	*	AMBAC Financial Group, Inc		502,946
	49,015		American Equity Investment Life Holding Co		1,312,622
	39,066		American Financial Group, Inc		3,961,292
	524,821		American International Group, Inc		34,349,534
	5,123		American National Insurance Co		609,637
	10,694		Amerisafe, Inc		617,578
	48,538	e	Amtrust Financial Services, Inc		776,608
	146,247		Aon plc		20,206,948
	64,675	*	Arch Capital Group Ltd		6,290,290
	16,126		Argo Group International Holdings Ltd		966,754
	99,676		Arthur J. Gallagher & Co		5,859,952
	33,157		Aspen Insurance Holdings Ltd		1,618,062
	30,388		Assurant, Inc		3,198,945
	67,141		Assured Guaranty Ltd		3,022,016
	25,872	*	Athene Holding Ltd		1,307,312
	4,444	*	Atlas Financial Holdings, Inc		68,660
	45,995		Axis Capital Holdings Ltd		2,970,357
	3,677		Baldwin & Lyons, Inc (Class B)		86,042
	1,100,431	*	Berkshire Hathaway, Inc (Class B)		192,542,412
	3,128		Blue Capital Reinsurance Holdings Ltd		60,370
	65,690		Brown & Brown, Inc		2,929,774
	269,158		Chubb Ltd		39,420,881
	96,853		Cincinnati Financial Corp		7,376,324
	31,572	*,e	Citizens, Inc (Class A)		254,155
	15,393		CNA Financial Corp		799,666
	97,746		Conseco, Inc		2,236,428
	5,375		Crawford & Co (Class B)		48,267
	3,405		Donegal Group, Inc (Class A)		51,347
	8,929	*	eHealth, Inc		151,882
	4,643		EMC Insurance Group, Inc		128,611
	17,739		Employers Holdings, Inc		768,986
	7,653	*	Enstar Group Ltd		1,550,498
	18,223		Erie Indemnity Co (Class A)		2,322,704
	22,850		Everest Re Group Ltd		5,995,611
	7,004		FBL Financial Group, Inc (Class A)		475,572
	5,754		Federated National Holding Co		91,604
	8,422	e	Fidelity & Guaranty Life		262,345
	60,123		First American Financial Corp		2,910,554
	145,582		FNF Group		7,113,137
	283,534	*	Genworth Financial, Inc (Class A)		972,522
	4,696	*	Global Indemnity Ltd		182,017
	21,291	*	Greenlight Capital Re Ltd (Class A)		455,627
	5,627	*	Hallmark Financial Services		63,304
	23,777		Hanover Insurance Group, Inc		2,255,486
	204,253		Hartford Financial Services Group, Inc		11,233,915
	4,431		HCI Group, Inc		199,794
	6,516	*	Health Insurance Innovations, Inc		182,774
	12,674		Heritage Insurance Holdings, Inc		159,819
	22,782		Horace Mann Educators Corp		840,656
	2,780		Independence Holding Co		61,716
	5,977		Infinity Property & Casualty Corp		597,999

175

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	737		Investors Title Co	$	130,095
	9,945		James River Group Holdings Ltd		399,391
	22,006		Kemper Corp		863,735
	5,428	e	Kingstone Cos, Inc		89,562
	8,101		Kinsale Capital Group, Inc		315,291
	127,528		Lincoln National Corp		9,317,196
	155,847		Loews Corp		7,586,632
	39,354		Maiden Holdings Ltd		436,829
	8,463	*	Markel Corp		9,068,189
	288,292		Marsh & McLennan Cos, Inc		22,478,127
	73,366	*	MBIA, Inc		746,132
	15,410	e	Mercury General Corp		922,905
	521,410		Metlife, Inc		28,677,550
	27,414		National General Holdings Corp		581,451
	1,208		National Western Life Group, Inc		406,601
	13,002		Navigators Group, Inc		741,114
	5,637	*,e	NI Holdings, Inc		101,353
	135,280		Old Republic International Corp		2,654,194
	12,622		OneBeacon Insurance Group Ltd (Class A)		231,235
	25,830		Primerica, Inc		2,093,522
	149,821		Principal Financial Group		10,000,552
	29,339		ProAssurance Corp		1,813,150
	324,844		Progressive Corp		15,309,898
	244,233		Prudential Financial, Inc		27,654,503
	35,869		Reinsurance Group of America, Inc (Class A)		5,028,834
	22,399		RenaissanceRe Holdings Ltd		3,290,637
	22,005		RLI Corp		1,277,610
	9,048		Safety Insurance Group, Inc		641,956
	32,124		Selective Insurance Group, Inc		1,627,081
	8,712		State Auto Financial Corp		224,682
	16,597		State National Cos, Inc		346,545
	11,100		Stewart Information Services Corp		436,230
	46,585	*	Third Point Reinsurance Ltd		677,812
	64,755		Torchmark Corp		5,113,702
	157,124		Travelers Cos, Inc		20,126,013
	13,355	*,e	Trupanion, Inc		318,116
	12,089		United Fire & Casualty Co		545,456
	9,427		United Insurance Holdings Corp		150,455
	17,661		Universal Insurance Holdings, Inc		421,215
	129,145		UnumProvident Corp		6,474,039
	43,276		Validus Holdings Ltd		2,327,816
	53,281		W.R. Berkley Corp		3,674,791
	3,288		White Mountains Insurance Group Ltd		2,842,805
	70,992		Willis Towers Watson plc		10,569,289
	143,314		XL Group Ltd		6,363,142
			TOTAL INSURANCE		628,577,813
MATERIALS - 3.4%
	16,652		A. Schulman, Inc		437,948
	11,581	e	Advanced Emissions Solutions, Inc		124,496
	17,585	*	AdvanSix, Inc		588,746
	16,005	*	AgroFresh Solutions, Inc		124,839
	119,730		Air Products & Chemicals, Inc		17,019,619

176

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	179,940	*,e	AK Steel Holding Corp	$	1,018,460
	62,141		Albemarle Corp		7,195,928
	105,276		Alcoa Corp		3,832,046
	62,592	e	Allegheny Technologies, Inc		1,185,492
	16,715		American Vanguard Corp		295,855
	6,094		Ampco-Pittsburgh Corp		88,058
	33,988		Aptargroup, Inc		2,750,649
	10,250		Ardagh Group S.A.		230,010
	35,399		Ashland Global Holdings, Inc		2,299,873
	49,494		Avery Dennison Corp		4,599,477
	119,859	*	Axalta Coating Systems Ltd		3,775,558
	17,703		Balchem Corp		1,373,753
	194,688		Ball Corp		8,157,427
	51,439		Bemis Co, Inc		2,179,470
	72,627	*	Berry Plastics Group, Inc		4,072,922
	21,846	*	Boise Cascade Co		663,026
	34,108		Cabot Corp		1,853,088
	28,217		Calgon Carbon Corp		451,472
	26,145		Carpenter Technology Corp		1,057,042
	78,443		Celanese Corp (Series A)		7,543,863
	28,403	*	Century Aluminum Co		476,602
	132,761		CF Industries Holdings, Inc		3,896,535
	4,412		Chase Corp		476,717
	105,194		Chemours Co		5,008,286
	8,958	*	Clearwater Paper Corp		440,286
	172,192	*	Cliffs Natural Resources, Inc		1,329,322
	15,502	*	Codexis, Inc		83,711
	103,376	*	Coeur Mining, Inc		855,953
	65,665		Commercial Metals Co		1,221,369
	18,691	e	Compass Minerals International, Inc		1,290,614
	4,140	*	Core Molding Technologies, Inc		78,950
	74,766	*	Crown Holdings, Inc		4,446,334
	6,122		Deltic Timber Corp		441,580
	35,793		Domtar Corp		1,398,075
	689,863		Dow Chemical Co		44,316,799
	26,709		Eagle Materials, Inc		2,513,317
	81,488		Eastman Chemical Co		6,776,542
	150,656		Ecolab, Inc		19,836,876
	503,184		EI du Pont de Nemours & Co		41,366,757
	47,134	*	Ferro Corp		906,858
	48,283	*,m	Ferroglobe plc		0
	31,640	*,e	Flotek Industries, Inc		266,409
	75,445		FMC Corp		5,762,489
	12,004	*,e	Forterra, Inc		107,196
	770,914	*	Freeport-McMoRan Copper & Gold, Inc (Class B)		11,270,763
	13,581		FutureFuel Corp		197,739
	40,492	*	GCP Applied Technologies, Inc		1,226,908
	34,022	*	Gold Resource Corp		144,253
	173,178		Graphic Packaging Holding Co		2,284,218
	3,449		Greif, Inc		206,595
	14,540		Greif, Inc (Class A)		815,549
	27,979		H.B. Fuller Co		1,441,478
	1,004	*	Handy & Harman Ltd		33,232

177

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,393		Hawkins, Inc	$	242,415
	7,111		Haynes International, Inc		222,432
	220,636		Hecla Mining Co		1,193,641
	114,753		Huntsman Corp		3,054,725
	24,060	*	Ingevity Corp		1,407,510
	10,340		Innophos Holdings, Inc		431,902
	13,514		Innospec, Inc		843,274
	44,403		International Flavors & Fragrances, Inc		5,913,592
	231,585		International Paper Co		12,732,543
	51,954	*	Intrepid Potash, Inc		157,421
	9,810		Kaiser Aluminum Corp		954,415
	49,482		Kapstone Paper and Packaging Corp		1,131,159
	96,440	*	Klondex Mines Ltd		307,644
	5,491		KMG Chemicals, Inc		277,954
	11,587	*	Koppers Holdings, Inc		420,608
	16,741	*	Kraton Polymers LLC		622,765
	13,542		Kronos Worldwide, Inc		288,715
	81,197	*	Louisiana-Pacific Corp		2,038,857
	13,021	*,e	LSB Industries, Inc		92,189
	187,447		LyondellBasell Industries AF S.C.A		16,887,100
	35,761		Martin Marietta Materials, Inc		8,097,363
	11,708		Materion Corp		450,173
	19,520		Minerals Technologies, Inc		1,382,016
	255,956		Monsanto Co		29,900,780
	200,393		Mosaic Co		4,837,487
	11,982		Myers Industries, Inc		203,694
	9,197		Neenah Paper, Inc		734,840
	5,704		NewMarket Corp		2,624,467
	306,262		Newmont Mining Corp		11,383,759
	182,043		Nucor Corp		10,498,420
	94,107		Olin Corp		2,774,274
	5,609		Olympic Steel, Inc		95,858
	23,656	*	Omnova Solutions, Inc		222,366
	92,785	*	Owens-Illinois, Inc		2,217,562
	52,650		Packaging Corp of America		5,764,122
	23,640		PH Glatfelter Co		483,911
	125,521	*	Platform Specialty Products Corp		1,758,549
	45,405		PolyOne Corp		1,660,915
	143,988		PPG Industries, Inc		15,154,737
	160,298		Praxair, Inc		20,864,388
	7,507		Quaker Chemical Corp		1,065,018
	6,570	*,e	Ramaco Resources, Inc		41,457
	25,274	e	Rayonier Advanced Materials, Inc		376,835
	39,227		Reliance Steel & Aluminum Co		2,838,466
	36,214		Royal Gold, Inc		3,138,305
	73,324		RPM International, Inc		3,803,316
	11,161	*	Ryerson Holding Corp		96,543
	15,318		Schnitzer Steel Industries, Inc (Class A)		395,204
	16,552		Schweitzer-Mauduit International, Inc		635,928
	24,693		Scotts Miracle-Gro Co (Class A)		2,370,281
	109,232		Sealed Air Corp		4,752,684
	24,623		Sensient Technologies Corp		1,830,966
	46,121		Sherwin-Williams Co		15,555,230

178

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	42,119		Silgan Holdings, Inc	$	1,276,206
	54,824		Sonoco Products Co		2,657,868
	46,196		Southern Copper Corp (NY)		1,817,351
	132,428		Steel Dynamics, Inc		4,689,275
	11,342		Stepan Co		931,972
	60,653	*	Summit Materials, Inc		1,724,971
	36,794	*	SunCoke Energy, Inc		329,306
	173,320		Tahoe Resources, Inc		948,060
	24,140	*	TimkenSteel Corp		383,585
	8,634	*	Trecora Resources		99,723
	15,378		Tredegar Corp		232,208
	25,336		Trinseo S.A.		1,781,121
	36,783		Tronox Ltd		712,855
	3,086	*	UFP Technologies, Inc		89,031
	790		United States Lime & Minerals, Inc		64,164
	99,282	e	United States Steel Corp		2,332,134
	8,847	*,e	US Concrete, Inc		693,162
	13,483		Valhi, Inc		43,280
	115,088		Valvoline, Inc		2,609,045
	17,653	*	Verso Corp		84,381
	75,791		Vulcan Materials Co		9,331,388
	10,669		Warrior Met Coal, Inc		233,224
	20,559		Westlake Chemical Corp		1,446,531
	140,616		WestRock Co		8,074,171
	24,419	*	Worthington Industries, Inc		1,237,311
	48,581		WR Grace & Co		3,350,146
			TOTAL MATERIALS		488,240,673
MEDIA - 3.0%
	31,825	e	AMC Entertainment Holdings, Inc		649,230
	30,914	*	AMC Networks, Inc		1,976,950
	2,640		Cable One, Inc		2,006,136
	200,329		CBS Corp (Class B)		13,187,658
	44,348	*,e	Central European Media Enterprises Ltd (Class A) (NASDAQ)		192,914
	112,500	*	Charter Communications, Inc		44,089,875
	58,850		Cinemark Holdings, Inc		2,289,265
	42,653		Clear Channel Outdoor Holdings, Inc (Class A)		216,251
	2,666,964		Comcast Corp (Class A)		107,878,694
	444	*,e	Daily Journal Corp		90,931
	84,931	*	Discovery Communications, Inc (Class A)		2,089,303
	117,358	*	Discovery Communications, Inc (Class C)		2,714,491
	124,269	*	DISH Network Corp (Class A)		7,956,944
	8,572		Emerald Expositions Events, Inc		196,213
	14,728	e	Entercom Communications Corp (Class A)		145,071
	40,472		Entravision Communications Corp (Class A)		263,068
	15,804	*,e	Eros International plc		158,040
	32,593	*	EW Scripps Co (Class A)		640,452
	66,483		Gannett Co, Inc		596,352
	29,509	*,e	Global Eagle Entertainment, Inc		93,248
	35,991	*	Gray Television, Inc		536,266
	8,888	*	Hemisphere Media Group, Inc		111,100
	31,812	*	Imax Corp		680,777
	219,833		Interpublic Group of Cos, Inc		4,750,591

179

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	24,686		John Wiley & Sons, Inc (Class A)	$	1,363,901
	6,400	*	Liberty Braves Group (Class A)		161,536
	19,152	*	Liberty Braves Group (Class C)		483,205
	14,529	*	Liberty Broadband Corp (Class A)		1,437,209
	58,444	*	Liberty Broadband Corp (Class C)		5,796,476
	14,454	*,e	Liberty Media Group (Class A)		487,822
	69,175	*	Liberty Media Group (Class C)		2,432,885
	49,913	*	Liberty SiriusXM Group (Class A)		2,302,487
	100,614	*	Liberty SiriusXM Group (Class C)		4,628,244
	29,650	*	Lions Gate Entertainment Corp (Class A)		871,710
	55,933	*	Lions Gate Entertainment Corp (Class B)		1,538,717
	75,218	*	Live Nation, Inc		2,803,375
	9,157	*	Loral Space & Communications, Inc		426,258
	14,082	*	Madison Square Garden Co		3,094,097
	32,089		MDC Partners, Inc		317,681
	21,973		Meredith Corp		1,306,295
	39,071	*	MSG Networks, Inc		836,119
	44,061		National CineMedia, Inc		315,036
	27,474		New Media Investment Group, Inc		382,988
	69,573		New York Times Co (Class A)		1,321,887
	213,042		News Corp		3,048,631
	67,753		News Corp (Class B)		995,969
	25,259		Nexstar Broadcasting Group, Inc (Class A)		1,651,939
	129,138		Omnicom Group, Inc		10,168,326
	7,081	*	Reading International, Inc		113,013
	70,564		Regal Entertainment Group (Class A)		1,342,127
	1,443		Saga Communications, Inc		56,061
	5,940		Salem Communications		42,471
	15,663		Scholastic Corp		648,918
	48,152		Scripps Networks Interactive (Class A)		4,208,966
	41,283		Sinclair Broadcast Group, Inc (Class A)		1,488,252
	857,640	e	Sirius XM Holdings, Inc		5,025,770
	119,108		TEGNA, Inc		1,766,372
	447,185		Time Warner, Inc		45,800,688
	55,448		Time, Inc		779,044
	8,496	*	Townsquare Media, Inc		93,966
	41,322		Tribune Co		1,741,722
	12,749	*	tronc, Inc		162,805
	586,659		Twenty-First Century Fox, Inc		17,071,777
	246,603		Twenty-First Century Fox, Inc (Class B)		7,075,040
	8,994	e	Viacom, Inc		364,257
	199,818		Viacom, Inc (Class B)		6,977,645
	898,620		Walt Disney Co		98,785,297
	21,078	e	World Wrestling Entertainment, Inc (Class A)		446,010
			TOTAL MEDIA		435,672,814
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.3%
	903,849		AbbVie, Inc		63,188,084
	14,446	*	Abeona Therapeutics, Inc		122,069
	54,181	*	Acadia Pharmaceuticals, Inc		1,612,968
	14,533	*,e	Accelerate Diagnostics, Inc		381,491
	18,868	*	Acceleron Pharma, Inc		606,606
	16,425	*,e	Achaogen, Inc		312,239

180

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	61,847	*	Achillion Pharmaceuticals, Inc	$	253,573
	11,408	*	Aclaris Therapeutics, Inc		328,550
	25,648	*	Acorda Therapeutics, Inc		555,279
	8,387	*	Adamas Pharmaceuticals, Inc		145,514
	21,715	*	Aduro Biotech, Inc		279,038
	21,624	*,e	Advaxis, Inc		139,907
	17,097	*	Aerie Pharmaceuticals, Inc		928,367
	49,954	*	Agenus, Inc		221,796
	180,692		Agilent Technologies, Inc		10,803,575
	23,875	*	Agios Pharmaceuticals, Inc		1,335,567
	19,832	*	Aimmune Therapeutics, Inc		426,785
	22,014	*	Akebia Therapeutics, Inc		290,365
	50,482	*	Akorn, Inc		1,697,205
	13,906	*	Albany Molecular Research, Inc		302,316
	26,293	*	Alder Biopharmaceuticals, Inc		282,650
	123,872	*	Alexion Pharmaceuticals, Inc		17,012,580
	86,461	*	Alkermes plc		4,704,343
	191,261		Allergan plc		48,260,888
	42,982	*	Alnylam Pharmaceuticals, Inc		3,556,331
	20,900	*	AMAG Pharmaceuticals, Inc		410,685
	418,201		Amgen, Inc		72,980,257
	82,101	*	Amicus Therapeutics, Inc		1,063,208
	19,824	*	Amphastar Pharmaceuticals, Inc		342,559
	2,613	*	AnaptysBio, Inc		63,574
	22,823	*,e	Anavex Life Sciences Corp		92,661
	4,329	*	ANI Pharmaceuticals, Inc		210,952
	22,407	*	Aratana Therapeutics, Inc		151,247
	16,077	*	Ardelyx, Inc		83,600
	17,978	*	Arena Pharmaceuticals, Inc		427,157
	96,643	*	Array Biopharma, Inc		725,789
	7,747	*	Assembly Biosciences, Inc		173,610
	20,476	*,e	Asterias Biotherapeutics, Inc		72,690
	15,594	*	Atara Biotherapeutics, Inc		237,808
	34,748	*,e	Athersys, Inc		51,775
	8,255	*	Audentes Therapeutics, Inc		165,843
	13,925	*	Avexis, Inc		1,290,151
	16,533	*	Axovant Sciences Ltd		378,936
	14,534	*,e	Bellicum Pharmaceuticals, Inc		153,770
	43,324	*	BioCryst Pharmaceuticals, Inc		221,386
	120,442	*	Biogen Idec, Inc		34,878,799
	5,535	*	Biohaven Pharmaceutical Holding Co Ltd		142,582
	97,642	*	BioMarin Pharmaceutical, Inc		8,566,133
	11,732	*	Bio-Rad Laboratories, Inc (Class A)		2,764,411
	3,196	*	Biospecifics Technologies Corp		155,485
	21,203		Bio-Techne Corp		2,457,640
	34,608	*,e	BioTime, Inc		93,442
	61,838	*	Bioverativ, Inc		3,832,101
	25,346	*	Bluebird Bio, Inc		2,388,860
	22,427	*	Blueprint Medicines Corp		1,173,605
	935,925		Bristol-Myers Squibb Co		53,254,132
	58,381		Bruker BioSciences Corp		1,674,367
	18,760	*	Calithera Biosciences, Inc		287,028
	18,114	*	Cambrex Corp		1,104,954

181

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	16,808	*,e	Cara Therapeutics Inc	$	235,984
	20,283	*	Cascadian Therapeutics, Inc		82,957
	71,471	*	Catalent, Inc		2,480,044
	39,171	*,e	Catalyst Pharmaceuticals, Inc		115,163
	440,974	*	Celgene Corp		59,712,289
	61,903	*,e	Celldex Therapeutics, Inc		141,758
	31,008	*	Cempra, Inc		124,032
	26,286	*	Charles River Laboratories International, Inc		2,581,285
	11,750	*	ChemoCentryx, Inc		119,145
	21,968	*	Chimerix, Inc		109,181
	11,287	*	Clearside Biomedical, Inc		97,294
	24,746	*	Clovis Oncology, Inc		2,098,708
	21,493	*	Coherus Biosciences, Inc		280,484
	12,672	*,e	Collegium Pharmaceutical, Inc		151,684
	12,357	*	Concert Pharmaceuticals Inc		178,311
	14,388	*,e	Contatus Pharmaceuticals, Inc		79,566
	25,322	*,e	Corbus Pharmaceuticals Holdings, Inc		150,666
	51,526	*	Corcept Therapeutics, Inc		642,529
	11,798	*	Corium International, Inc		98,277
	5,181	*	Corvus Pharmaceuticals, Inc		63,364
	64,742	*	Curis, Inc		126,247
	23,258	*	Cytokinetics, Inc		326,775
	16,438	*	CytomX Therapeutics, Inc		221,749
	31,158	*	Depomed, Inc		321,239
	21,411	*	Dermira, Inc		589,445
	47,996	*	Durect Corp		83,033
	29,930	*,e	Dynavax Technologies Corp		474,390
	4,803	*,e	Eagle Pharmaceuticals, Inc		236,067
	8,036	*	Edge Therapeutics, Inc		86,548
	18,763	*,e	Editas Medicine, Inc		317,470
	553,425		Eli Lilly & Co		45,746,110
	18,847	*	Emergent Biosolutions, Inc		685,465
	8,553	*	Enanta Pharmaceuticals, Inc		325,955
	127,613	*	Endo International plc		1,406,295
	22,285	*	Enzo Biochem, Inc		241,792
	23,175	*	Epizyme, Inc		264,195
	8,718	*,e	Esperion Thereapeutics, Inc		394,838
	62,077	*	Exact Sciences Corp		2,408,588
	164,790	*	Exelixis, Inc		4,467,457
	19,003	*	Fate Therapeutics, Inc		54,919
	33,981	*	FibroGen, Inc		1,160,451
	14,551	*	Five Prime Therapeutics, Inc		409,465
	15,250	*,e	Flexion Therapeutics Inc		347,700
	20,232	*	Fluidigm Corp		76,072
	16,433	*,e	Fortress Biotech, Inc		72,963
	8,176	*,e	Foundation Medicine, Inc		289,022
	15,937	*,e	Genocea Biosciences Inc		90,682
	10,854	*	Genomic Health, Inc		346,243
	90,586	*,e	Geron Corp		240,053
	739,032		Gilead Sciences, Inc		56,232,945
	21,466	*	Global Blood Therapeutics, Inc		560,263
	60,935	*	Halozyme Therapeutics, Inc		772,656
	27,192	*,e	Heron Therapeutics, Inc		430,993

182

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,496	*	Heska Corp	$	382,952
	93,689	*	Horizon Pharma plc		1,122,394
	56,266	*,e	Idera Pharmaceuticals, Inc		103,529
	30,447	*	Ignyta, Inc		289,246
	82,894	*	Illumina, Inc		14,411,122
	9,571	*	Immune Design Corp		117,723
	49,916	*,e	Immunogen, Inc		296,501
	57,661	*,e	Immunomedics, Inc		493,578
	41,377	*	Impax Laboratories, Inc		800,645
	30,448	*	INC Research Holdings, Inc		1,674,640
	99,918	*	Incyte Corp		13,318,070
	42,547	*	Innoviva, Inc		583,745
	37,303	*,e	Inovio Pharmaceuticals, Inc		207,405
	34,488	*	Insmed, Inc		557,671
	14,862	*,e	Insys Therapeutics, Inc		170,319
	8,297	*,e	Intellia Therapeutics, Inc		139,721
	10,279	*,e	Intercept Pharmaceuticals, Inc		1,203,979
	14,290	*	Intersect ENT, Inc		391,546
	18,908	*,e	Intra-Cellular Therapies, Inc		218,766
	30,631	*,e	Intrexon Corp		661,323
	21,018	*,e	Invitae Corp		195,047
	70,662	*	Ionis Pharmaceuticals, Inc		3,702,689
	30,260	*	Iovance Biotherapeutics, Inc		177,021
	75,104	*	Ironwood Pharmaceuticals, Inc		1,333,096
	1,538,032		Johnson & Johnson		204,127,607
	3,480	*	Jounce Therapeutics, Inc		44,927
	37,065	*,e	Juno Therapeutics, Inc		1,053,758
	17,480	*	Karyopharm Therapeutics, Inc		147,531
	45,406	*,e	Keryx Biopharmaceuticals, Inc		318,296
	12,049	*	Kindred Biosciences Inc		87,958
	27,868	*,e	Kite Pharma, Inc		3,021,170
	7,757	*	Kura Oncology, Inc		70,201
	9,400	*,e	La Jolla Pharmaceutical Co		278,522
	17,227	*,e	Lannett Co, Inc		350,569
	24,151	*,e	Lexicon Pharmaceuticals, Inc		393,661
	11,379	*	Ligand Pharmaceuticals, Inc (Class B)		1,375,835
	11,312	*	Loxo Oncology, Inc		817,971
	22,461		Luminex Corp		458,878
	18,436	*	MacroGenics, Inc		304,563
	56,624	*	Mallinckrodt plc		2,593,379
	31,229	*	Matinas BioPharma Holdings, Inc		34,976
	39,676	*	Medicines Co		1,525,542
	14,511	*,e	MediciNova, Inc		75,602
	4,094	*	Medpace Holdings, Inc		112,298
	1,556,057		Merck & Co, Inc		99,400,921
	86,728	e	Merrimack Pharmaceuticals, Inc		115,348
	14,345	*	Mettler-Toledo International, Inc		8,220,833
	59,519	*,e	MiMedx Group, Inc		890,404
	14,595	*,e	Minerva Neurosciences, Inc		97,057
	7,728	*	Miragen Therapeutics, Inc		105,719
	41,155	*	Momenta Pharmaceuticals, Inc		681,115
	303,958	*	Mylan NV		11,851,322
	9,200	*	MyoKardia, Inc		143,060

183

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	35,511	*	Myriad Genetics, Inc	$	861,852
	17,437	*	NanoString Technologies, Inc		265,217
	18,507	*	NantKwest, Inc		119,555
	17,265	*	Natera, Inc		139,329
	83,399	*	Nektar Therapeutics		1,820,600
	33,050	*	NeoGenomics, Inc		312,322
	12,919	*,e	Neos Therapeutics, Inc		83,328
	50,004	*	Neurocrine Biosciences, Inc		2,401,692
	12,820	*,e	NewLink Genetics Corp		92,560
	154,209	*,e	Novavax, Inc		160,377
	8,461	*	Novelion Therapeutics, Inc		76,572
	14,902	*	Nymox Pharmaceutical Corp		56,032
	15,067	*,e	Ocular Therapeutix, Inc		95,374
	23,321	*	Omeros Corp		488,808
	185,947	*,e	Opko Health, Inc		1,199,358
	49,140	*,e	Organovo Holdings, Inc		114,988
	15,877	*	Otonomy, Inc		298,488
	43,294	*,e	Pacific Biosciences of California, Inc		141,138
	21,901	*	Pacira Pharmaceuticals, Inc		865,089
	12,968	*	Paratek Pharmaceuticals, Inc		252,228
	28,298	*	Parexel International Corp		2,476,641
	29,919	*	Patheon NV		1,045,968
	105,806	*	PDL BioPharma, Inc		240,180
	62,049		PerkinElmer, Inc		4,084,686
	72,381		Perrigo Co plc		5,422,785
	3,392,339		Pfizer, Inc		112,489,961
	10,508		Phibro Animal Health Corp		401,406
	18,918	*	Pieris Pharmaceuticals, Inc		98,374
	28,175	*	Portola Pharmaceuticals, Inc		1,738,397
	21,659	*	PRA Health Sciences, Inc		1,611,430
	30,855	*	Prestige Brands Holdings, Inc		1,654,754
	36,415	*	Progenics Pharmaceuticals, Inc		219,582
	4,836	*,e	Protagonist Therapeutics, Inc		58,951
	22,483	*,e	Prothena Corp plc		1,388,550
	18,594	*	PTC Therapeutics, Inc		383,408
	16,429	*	Puma Biotechnology, Inc		1,561,576
	128,333		QIAGEN NV		4,214,456
	70,955	*	Quintiles Transnational Holdings, Inc		6,424,975
	6,329	*	Ra Pharmaceuticals, Inc		93,100
	20,834	*,e	Radius Health, Inc		917,321
	4,917	*,e	Reata Pharmaceuticals, Inc		143,970
	6,534	*,e	Recro Pharma, Inc		49,724
	44,604	*	Regeneron Pharmaceuticals, Inc		21,928,218
	15,207	*	REGENXBIO, Inc		273,726
	19,166	*	Repligen Corp		771,815
	19,915	*	Retrophin, Inc		403,080
	12,584	*	Revance Therapeutics, Inc		286,286
	74,480	*	Rigel Pharmaceuticals, Inc		176,518
	19,783	*	Sage Therapeutics, Inc		1,577,694
	41,591	*	Sangamo Biosciences, Inc		357,683
	29,754	*	Sarepta Therapeutics, Inc		1,147,909
	28,444	*	Sciclone Pharmaceuticals, Inc		311,462
	53,974	*	Seattle Genetics, Inc		2,725,687

184

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	6,811	*	Selecta Biosciences, Inc	$	116,059
	13,791	*,e	Seres Therapeutics, Inc		186,592
	13,277	*	Spark Therapeutics, Inc		942,667
	43,276	*	Spectrum Pharmaceuticals, Inc		322,839
	15,058	*	Stemline Therapeutics, Inc		138,534
	11,557	*	Strongbridge Biopharma plc		91,878
	12,021	*,e	Sucampo Pharmaceuticals, Inc (Class A)		130,428
	27,361	*	Supernus Pharmaceuticals, Inc		1,106,752
	4,551	*	Syndax Pharmaceuticals, Inc		55,113
	126,583	*,e	Synergy Pharmaceuticals, Inc		491,142
	7,302	*,e	Syros Pharmaceuticals, Inc		166,632
	22,523	*,e	Teligent, Inc		177,481
	20,919	*	TESARO, Inc		2,670,520
	20,518	*	Tetraphase Pharmaceuticals, Inc		134,188
	29,091	*,e	TG Therapeutics, Inc		334,546
	87,998	*,e	TherapeuticsMD, Inc		497,189
	23,653	*,e	Theravance Biopharma, Inc		759,971
	218,982		Thermo Fisher Scientific, Inc		38,437,910
	4,751	*,e	Tocagen, Inc		51,406
	23,387	*	Trevena, Inc		61,040
	22,999	*	Ultragenyx Pharmaceutical, Inc		1,525,294
	25,325	*	United Therapeutics Corp		3,251,730
	24,216	*	Vanda Pharmaceuticals, Inc		376,559
	13,388	*	VBI Vaccines, Inc		61,853
	12,624	*	Veracyte, Inc		100,992
	18,102	*	Versartis, Inc		334,887
	141,485	*	Vertex Pharmaceuticals, Inc		21,480,253
	5,712	*	Voyager Therapeutics, Inc		47,067
	47,620	*	VWR Corp		1,571,460
	43,056	*	Waters Corp		7,467,633
	6,872	*,e	WaVe Life Sciences Pte Ltd		136,409
	10,835	*,e	XBiotech, Inc		49,733
	20,902	*	Xencor Inc		488,062
	72,368	*,e	ZIOPHARM Oncology, Inc		400,195
	276,652		Zoetis, Inc		17,296,283
	13,437	*	Zogenix, Inc		161,244
	6,162	*,e	Zynerba Pharmaceuticals, Inc		86,884
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		1,208,656,445
REAL ESTATE - 4.1%
	46,536		Acadia Realty Trust		1,383,981
	14,095		Agree Realty Corp		693,051
	26,319		Alexander & Baldwin, Inc		1,103,556
	2,028		Alexander’s, Inc		882,160
	50,751		Alexandria Real Estate Equities, Inc		6,153,559
	7,073	*,e	Altisource Portfolio Solutions S.A.		184,535
	28,719		Altisource Residential Corp		373,634
	24,247		American Assets Trust,Inc		984,671
	74,010		American Campus Communities, Inc		3,548,039
	126,876		American Homes 4 Rent		2,919,417
	244,720		American Tower Corp		33,362,678
	88,006		Apartment Investment & Management Co (Class A)		4,008,673

185

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	117,083		Apple Hospitality REIT, Inc	$	2,161,352
	25,296		Armada Hoffler Properties, Inc		335,425
	11,429		Ashford Hospitality Prime, Inc		118,404
	41,202		Ashford Hospitality Trust, Inc		259,161
	7,271	*	AV Homes, Inc		116,700
	77,471		AvalonBay Communities, Inc		14,901,547
	25,429		Bluerock Residential Growth REIT, Inc		342,274
	87,058		Boston Properties, Inc		10,526,183
	96,968		Brandywine Realty Trust		1,630,032
	170,960		Brixmor Property Group, Inc		3,349,106
	48,686		Camden Property Trust		4,367,134
	45,683		Care Capital Properties, Inc		1,106,442
	40,387		CareTrust REIT, Inc		736,659
	48,605		CatchMark Timber Trust Inc		559,444
	96,226		CBL & Associates Properties, Inc		845,826
	173,921	*	CBRE Group, Inc		6,607,259
	40,660		Cedar Realty Trust, Inc		210,619
	20,748		Chatham Lodging Trust		429,069
	33,054		Chesapeake Lodging Trust		833,952
	20,770		City Office REIT, Inc		263,987
	8,070		Clipper Realty, Inc		90,384
	307,079		Colony NorthStar, Inc		4,495,637
	69,349		Columbia Property Trust, Inc		1,508,341
	10,091		Community Healthcare Trust, Inc		256,009
	1,845		Consolidated-Tomoka Land Co		102,287
	67,500		CoreCivic, Inc		1,869,750
	6,682		CorEnergy Infrastructure Trust, Inc		237,946
	19,171		Coresite Realty		2,081,587
	55,939		Corporate Office Properties Trust		1,862,209
	233,069		Cousins Properties, Inc		2,141,904
	225,859		Crown Castle International Corp		22,716,898
	108,865		CubeSmart		2,684,611
	48,441		CyrusOne, Inc		2,892,412
	51,566		DCT Industrial Trust, Inc		2,905,228
	188,631		DDR Corp		1,922,150
	114,301		DiamondRock Hospitality Co		1,335,036
	90,905		Digital Realty Trust, Inc		10,484,983
	82,198		Douglas Emmett, Inc		3,144,895
	200,766		Duke Realty Corp		5,739,900
	44,369		DuPont Fabros Technology, Inc		2,765,520
	20,989		Easterly Government Properties, Inc		419,570
	18,530		EastGroup Properties, Inc		1,615,445
	41,072		Education Realty Trust, Inc		1,542,254
	71,488		Empire State Realty Trust, Inc		1,493,384
	33,792		Entertainment Properties Trust		2,445,865
	44,366		Equinix, Inc		19,997,087
	70,085	*	Equity Commonwealth		2,213,284
	46,675		Equity Lifestyle Properties, Inc		4,074,727
	200,546		Equity Residential		13,649,161
	36,828		Essex Property Trust, Inc		9,637,888
	68,687		Extra Space Storage, Inc		5,460,616
	17,265		Farmland Partners, Inc		154,176
	40,900		Federal Realty Investment Trust		5,424,567

186

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	73,262		FelCor Lodging Trust, Inc	$	540,674
	63,680		First Industrial Realty Trust, Inc		1,943,514
	32,871		First Potomac Realty Trust		365,854
	128,298		Forest City Realty Trust, Inc		3,127,905
	25,751	*	Forestar Group, Inc		441,630
	33,320		Four Corners Property Trust, Inc		845,662
	58,022		Franklin Street Properties Corp		613,292
	3,792	*	FRP Holdings, Inc		175,001
	110,065		Gaming and Leisure Properties, Inc		4,175,866
	69,333		Geo Group, Inc		2,034,924
	15,241		Getty Realty Corp		395,961
	347,885		GGP, Inc		7,865,680
	17,128		Gladstone Commercial Corp		364,484
	6,018		Global Medical REIT, Inc		55,967
	36,936	*	Global Net Lease, Inc		812,592
	53,100		Government Properties Income Trust		941,463
	84,403		Gramercy Property Trust		2,550,659
	264,113		HCP, Inc		8,359,176
	64,352		Healthcare Realty Trust, Inc		2,142,922
	109,808		Healthcare Trust of America, Inc		3,359,027
	20,220		Hersha Hospitality Trust		379,327
	21,294		HFF, Inc (Class A)		781,916
	56,281		Highwoods Properties, Inc		2,899,597
	90,663		Hospitality Properties Trust		2,634,667
	419,855		Host Marriott Corp		7,834,494
	19,226	*	Howard Hughes Corp		2,418,823
	87,246		Hudson Pacific Properties		2,854,689
	37,997		Independence Realty Trust, Inc		384,150
	68,836		Investors Real Estate Trust		428,160
	52,816		Invitation Homes, Inc		1,126,037
	146,576		Iron Mountain, Inc		5,339,764
	35,775	*	iStar Financial, Inc		427,511
	48,269	*	JBG SMITH Properties		1,712,566
	5,201		Jernigan Capital, Inc		110,573
	25,585		Jones Lang LaSalle, Inc		3,254,924
	46,037		Kennedy-Wilson Holdings, Inc		925,344
	54,345		Kilroy Realty Corp		3,772,086
	231,779		Kimco Realty Corp		4,677,300
	46,046		Kite Realty Group Trust		945,324
	46,664		Lamar Advertising Co		3,293,078
	64,359		LaSalle Hotel Properties		1,901,165
	120,309		Lexington Realty Trust		1,224,746
	81,413		Liberty Property Trust		3,420,974
	26,287		Life Storage, Inc		1,920,002
	21,901		LTC Properties, Inc		1,130,968
	76,806		Macerich Co		4,407,896
	50,436		Mack-Cali Realty Corp		1,323,441
	13,630	*	Marcus & Millichap, Inc		348,928
	7,317	*	Maui Land & Pineapple Co, Inc		126,950
	16,220		MedEquities Realty Trust, Inc		195,451
	207,318		Medical Properties Trust, Inc		2,690,988
	63,635		Mid-America Apartment Communities, Inc		6,588,132
	38,956		Monmouth Real Estate Investment Corp (Class A)		600,312

187

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	141,908		Monogram Residential Trust, Inc	$	1,697,220
	21,065		National Health Investors, Inc		1,627,271
	83,363		National Retail Properties, Inc		3,332,853
	24,343		National Storage Affiliates Trust		558,915
	49,947		New Senior Investment Group, Inc		518,949
	8,034		NexPoint Residential Trust, Inc		201,573
	28,236		NorthStar Realty Europe Corp		364,527
	108,935		Omega Healthcare Investors, Inc		3,441,257
	6,278		One Liberty Properties, Inc		154,313
	77,864		Outfront Media, Inc		1,780,750
	110,902		Paramount Group, Inc		1,815,466
	81,109		Park Hotels & Resorts, Inc		2,184,265
	23,325		Parkway, Inc		536,708
	39,315		Pebblebrook Hotel Trust		1,323,736
	35,396		Pennsylvania REIT		420,858
	98,479		Physicians Realty Trust		1,833,679
	81,296		Piedmont Office Realty Trust, Inc		1,708,029
	22,565		Potlatch Corp		1,079,735
	18,674		Preferred Apartment Communities, Inc		322,500
	303,866		Prologis, Inc		18,478,091
	11,521		PS Business Parks, Inc		1,549,114
	83,356		Public Storage, Inc		17,135,493
	26,157		QTS Realty Trust, Inc		1,398,615
	53,849	*	Quality Care Properties, Inc		905,740
	49,089		RAIT Investment Trust		98,178
	43,774		Ramco-Gershenson Properties		616,776
	73,938		Rayonier, Inc		2,149,378
	10,800		Re/Max Holdings, Inc		628,020
	76,888		Realogy Holdings Corp		2,552,682
	153,623		Realty Income Corp		8,765,728
	85,453		Regency Centers Corp		5,658,698
	60,387		Retail Opportunities Investment Corp		1,224,648
	132,213		Retail Properties of America, Inc		1,749,178
	36,672		Rexford Industrial Realty, Inc		1,045,885
	68,589		RLJ Lodging Trust		1,451,343
	4,411		RMR Group, Inc		215,477
	24,677		Ryman Hospitality Properties		1,544,533
	35,715		Sabra Healthcare REIT, Inc		828,588
	7,154		Saul Centers, Inc		423,231
	73,187	*	SBA Communications Corp		10,066,872
	35,336		Select Income REIT		829,336
	130,886		Senior Housing Properties Trust		2,545,733
	14,031		Seritage Growth Properties		656,230
	176,672		Simon Property Group, Inc		28,002,512
	55,313		SL Green Realty Corp		5,712,173
	281,678		Spirit Realty Capital, Inc		2,233,706
	30,156	*	St. Joe Co		544,316
	49,684	*	STAG Industrial, Inc		1,355,876
	55,982		Starwood Waypoint Homes		1,957,131
	93,598		STORE Capital Corp		2,189,257
	2,960		Stratus Properties, Inc		84,804
	56,899		Summit Hotel Properties, Inc		1,020,199
	40,604		Sun Communities, Inc		3,614,162

188

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	123,539		Sunstone Hotel Investors, Inc	$	2,011,215
	52,211		Tanger Factory Outlet Centers, Inc		1,379,937
	33,639		Taubman Centers, Inc		1,913,050
	8,029	*	Tejon Ranch Co		168,448
	27,251		Terreno Realty Corp		943,430
	25,870		Tier REIT, Inc		478,078
	8,985	*	Trinity Place Holdings, Inc		62,446
	148,979		UDR, Inc		5,823,589
	14,256		UMH Properties, Inc		235,794
	95,000		Uniti Group, Inc		2,432,000
	6,843		Universal Health Realty Income Trust		530,196
	55,010		Urban Edge Properties		1,382,401
	16,630		Urstadt Biddle Properties, Inc (Class A)		348,232
	199,473		Ventas, Inc		13,434,507
	560,027		VEREIT, Inc		4,653,824
	96,537		Vornado Realty Trust		7,660,211
	103,376		Washington Prime Group, Inc		932,451
	43,184		Washington REIT		1,443,641
	66,986		Weingarten Realty Investors		2,174,366
	206,009		Welltower, Inc		15,119,000
	444,574		Weyerhaeuser Co		14,679,833
	20,820		Whitestone REIT		271,701
	59,486		WP Carey, Inc		4,075,386
	59,859		Xenia Hotels & Resorts, Inc		1,216,335
			TOTAL REAL ESTATE		595,361,154
RETAILING - 4.9%
	16,403	*	1-800-FLOWERS.COM, Inc (Class A)		158,289
	36,477		Aaron’s, Inc		1,688,156
	38,688		Abercrombie & Fitch Co (Class A)		380,690
	40,043		Advance Auto Parts, Inc		4,485,216
	226,768	*	Amazon.com, Inc		223,996,895
	93,754		American Eagle Outfitters, Inc		1,110,047
	4,627	*,e	America’s Car-Mart, Inc		181,378
	10,410	*	Asbury Automotive Group, Inc		562,140
	3,161	*,e	At Home Group, Inc		71,944
	36,275	*,e	Autonation, Inc		1,537,334
	15,965	*	AutoZone, Inc		8,618,226
	23,718	*	Barnes & Noble Education, Inc		171,481
	35,846		Barnes & Noble, Inc		292,145
	79,002		Bed Bath & Beyond, Inc		2,362,160
	150,578		Best Buy Co, Inc		8,784,721
	10,534	e	Big 5 Sporting Goods Corp		113,240
	25,345		Big Lots, Inc		1,258,886
	10,237	*	Boot Barn Holdings, Inc		81,998
	17,631	e	Buckle, Inc		301,490
	9,924	*	Build-A-Bear Workshop, Inc		95,270
	38,996	*	Burlington Stores, Inc		3,393,822
	28,221	*	Cabela’s, Inc		1,608,033
	23,333		Caleres, Inc		636,524
	7,079		Camping World Holdings, Inc		226,245
	105,884	*	Carmax, Inc		7,014,815
	10,682	*,e	Carvana Co		208,513

189

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	15,113		Cato Corp (Class A)	$	257,072
	72,682		Chico’s FAS, Inc		665,040
	9,670		Children’s Place Retail Stores, Inc		1,021,635
	8,026		Citi Trends, Inc		177,776
	11,068	*,e	Conn’s, Inc		236,855
	10,028	*,e	Container Store Group, Inc		53,650
	25,406		Core-Mark Holding Co, Inc		931,638
	49,288		Dick’s Sporting Goods, Inc		1,840,414
	8,658	e	Dillard’s, Inc (Class A)		639,134
	157,759		Dollar General Corp		11,857,166
	129,921	*	Dollar Tree, Inc		9,364,706
	37,957		DSW, Inc (Class A)		684,744
	5,857	*,e	Duluth Holdings, Inc		113,509
	65,095	*	Etsy, Inc		935,415
	68,065		Expedia, Inc		10,650,131
	47,203	*	Express Parent LLC		286,050
	22,938		Finish Line, Inc (Class A)		315,627
	30,016	*	Five Below, Inc		1,450,073
	5,805	*	Floor & Decor Holdings, Inc		200,969
	74,232		Foot Locker, Inc		3,503,008
	22,283	*	Francesca’s Holdings Corp		216,814
	21,350	e	Fred’s, Inc (Class A)		144,539
	8,284	*	FTD Cos, Inc		162,781
	5,079	*	Gaia, Inc		61,202
	61,688		GameStop Corp (Class A)		1,338,013
	137,380		Gap, Inc		3,273,765
	11,712	*	Genesco, Inc		375,955
	80,291		Genuine Parts Co		6,819,115
	38,288	e	GNC Holdings, Inc		364,119
	11,989		Group 1 Automotive, Inc		713,945
	188,200	*	Groupon, Inc		707,632
	35,754		Guess?, Inc		466,947
	10,241		Haverty Furniture Cos, Inc		227,862
	10,580	*	Hibbett Sports, Inc		165,048
	683,680		Home Depot, Inc		102,278,528
	17,794		HSN, Inc		705,532
	5,769	*,e	J. Jill, Inc		70,613
	180,460	*,e	JC Penney Co, Inc		976,289
	7,029	*	Kirkland’s, Inc		65,721
	99,048		Kohl’s Corp		4,095,635
	140,140		L Brands, Inc		6,501,095
	8,582	*	Lands’ End, Inc		115,857
	30,367	*	Liberty Expedia Holdings, Inc		1,732,437
	232,392	*	Liberty Interactive Corp		5,563,464
	40,826	*	Liberty TripAdvisor Holdings, Inc		479,705
	44,670	*	Liberty Ventures		2,706,109
	13,206		Lithia Motors, Inc (Class A)		1,363,519
	171,921	*	LKQ Corp		5,941,590
	489,136		Lowe’s Companies, Inc		37,859,126
	15,795	*,e	Lumber Liquidators, Inc		390,294
	175,280		Macy’s, Inc		4,162,900
	13,698	*	MarineMax, Inc		204,785
	69,450	*	Michaels Cos, Inc		1,398,723

190

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	17,490		Monro Muffler, Inc	$	815,034
	19,624	*	Murphy USA, Inc		1,486,126
	233,607	*	NetFlix, Inc		42,437,048
	66,654	e	Nordstrom, Inc		3,237,385
	16,557		Nutri/System, Inc		923,053
	292,226		Office Depot, Inc		1,715,367
	26,951	*	Ollie’s Bargain Outlet Holdings, Inc		1,204,710
	50,306	*	O’Reilly Automotive, Inc		10,277,516
	9,410	*	Overstock.com, Inc		150,560
	18,067	*	Party City Holdco, Inc		252,035
	20,176		Penske Auto Group, Inc		878,463
	10,949	e	PetMed Express, Inc		520,515
	47,634		Pier 1 Imports, Inc		219,593
	27,836	*	Priceline.com, Inc		56,465,326
	24,677	e	Rent-A-Center, Inc		326,230
	19,583	*,e	RH		1,275,441
	217,124		Ross Stores, Inc		12,011,300
	84,466	*	Sally Beauty Holdings, Inc		1,708,747
	23,405	*	Select Comfort Corp		791,323
	8,648		Shoe Carnival, Inc		157,912
	18,928	*	Shutterfly, Inc		928,229
	39,325	e	Signet Jewelers Ltd		2,405,117
	15,830		Sonic Automotive, Inc (Class A)		287,314
	24,762	*,e	Sportsman’s Warehouse Holdings, Inc		112,172
	373,604		Staples, Inc		3,792,081
	30,445	e	Tailored Brands, Inc		381,780
	313,195		Target Corp		17,748,761
	60,750		Tiffany & Co		5,802,233
	18,694		Tile Shop Holdings, Inc		272,932
	9,453		Tilly’s, Inc		94,341
	364,850		TJX Companies, Inc		25,652,604
	72,494		Tractor Supply Co		4,068,363
	62,029	*	TripAdvisor, Inc		2,420,372
	33,190	*	Ulta Beauty, Inc		8,337,660
	50,562	*	Urban Outfitters, Inc		990,510
	16,337	*	Vitamin Shoppe, Inc		179,707
	21,989	*	Wayfair, Inc		1,678,860
	6,804		West Marine, Inc		87,704
	47,910		Williams-Sonoma, Inc		2,224,461
	1,341		Winmark Corp		178,420
	10,806	*	Zumiez, Inc		137,236
			TOTAL RETAILING		720,808,470
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.5%
	10,888	*,e	Acacia Communications, Inc		476,568
	22,474	*	Advanced Energy Industries, Inc		1,630,489
	469,035	*	Advanced Micro Devices, Inc		6,383,566
	9,438	*	Alpha & Omega Semiconductor Ltd		167,053
	18,054	*	Ambarella, Inc		903,603
	58,089	*	Amkor Technology, Inc		602,383
	202,752		Analog Devices, Inc		16,019,436
	614,741		Applied Materials, Inc		27,239,174
	16,940	*	Axcelis Technologies, Inc		376,068

191

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	20,820	*	AXT, Inc	$	182,175
	225,703		Broadcom Ltd		55,671,902
	39,367		Brooks Automation, Inc		966,854
	13,697		Cabot Microelectronics Corp		1,015,633
	37,002	*	Cavium, Inc		2,291,904
	11,929	*	Ceva, Inc		551,716
	36,073	*	Cirrus Logic, Inc		2,216,325
	15,034		Cohu, Inc		273,919
	54,558	*	Cree, Inc		1,413,598
	3,547	*,e	CyberOptics Corp		58,525
	186,077		Cypress Semiconductor Corp		2,642,293
	21,451	*	Diodes, Inc		569,095
	9,301	*	DSP Group, Inc		117,193
	79,021	*	Entegris, Inc		2,062,448
	46,498	*	First Solar, Inc		2,292,816
	40,294	*	Formfactor, Inc		527,851
	7,159	*	GSI Technology, Inc		51,974
	6,684	*	Ichor Holdings Ltd		153,598
	10,098	*,e	Impinj, Inc		496,216
	24,060	*	Inphi Corp		923,904
	75,096	*	Integrated Device Technology, Inc		1,963,009
	2,693,891		Intel Corp		95,552,314
	13,812		IXYS Corp		240,329
	89,866		Kla-Tencor Corp		8,324,288
	28,048	*	Kopin Corp		106,582
	91,906		Lam Research Corp		14,655,331
	74,546	*	Lattice Semiconductor Corp		518,840
	22,867	*	MA-COM Technology Solutions		1,384,597
	226,168		Marvell Technology Group Ltd		3,519,174
	158,673		Maxim Integrated Products, Inc		7,210,101
	33,579	*	MaxLinear, Inc		879,770
	118,551		Microchip Technology, Inc		9,488,822
	596,330	*	Micron Technology, Inc		16,768,800
	64,905	*	Microsemi Corp		3,380,252
	30,524		MKS Instruments, Inc		2,553,333
	22,176		Monolithic Power Systems, Inc		2,269,048
	13,407	*	Nanometrics, Inc		357,297
	16,676	*,e	NeoPhotonics Corp Ltd		134,575
	2,815		NVE Corp		222,047
	323,738		NVIDIA Corp		52,610,662
	195,393	*	NXP Semiconductors NV		21,557,710
	236,927	*	ON Semiconductor Corp		3,542,059
	15,548	*	PDF Solutions, Inc		249,545
	36,488	*	Photronics, Inc		366,704
	14,997	*	Pixelworks, Inc		69,586
	16,742		Power Integrations, Inc		1,182,822
	71,227	*	Qorvo, Inc		4,883,323
	843,790		Qualcomm, Inc		44,881,190
	63,063	*	Rambus, Inc		812,882
	17,478	*	Rudolph Technologies, Inc		432,581
	36,891	*	Semtech Corp		1,460,884
	14,732	*	Sigma Designs, Inc		95,758
	23,529	*	Silicon Laboratories, Inc		1,767,028

192

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	103,714		Skyworks Solutions, Inc	$	10,876,487
	39,501	*,e	SunPower Corp		440,041
	112,940		Teradyne, Inc		3,906,595
	577,461		Texas Instruments, Inc		46,993,776
	19,758	*	Ultra Clean Holdings		463,325
	26,256	*	Veeco Instruments, Inc		808,685
	62,327		Versum Materials, Inc		2,197,650
	30,275	*	Xcerra Corp		293,970
	140,921		Xilinx, Inc		8,914,662
	27,371		Xperi Corp		800,602
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		507,415,315
SOFTWARE & SERVICES - 13.1%
	24,377	*	2U, Inc		1,261,510
	49,575	*	8x8, Inc		629,602
	26,966	*	A10 Networks, Inc		190,650
	357,970		Accenture plc		46,113,695
	67,183	*	ACI Worldwide, Inc		1,556,630
	418,750		Activision Blizzard, Inc		25,870,375
	20,536	*	Actua Corp		277,236
	43,216	*	Acxiom Corp		1,165,536
	285,026	*	Adobe Systems, Inc		41,753,459
	94,156	*	Akamai Technologies, Inc		4,438,514
	11,390	*	Alarm.com Holdings, Inc		433,162
	27,220		Alliance Data Systems Corp		6,571,725
	170,023	*	Alphabet, Inc (Class A)		160,756,746
	172,748	*	Alphabet, Inc (Class C)		160,742,014
	5,232	*,e	Alteryx, Inc		105,268
	14,773	*	Amber Road, Inc		138,423
	93,608		Amdocs Ltd		6,287,649
	15,388	*	American Software, Inc (Class A)		149,264
	21,348	*,e	Angie’s List, Inc		255,749
	54,018	*	Ansys, Inc		6,998,032
	3,667	*	Appfolio, Inc		128,162
	10,616	*	Apptio, Inc		188,434
	41,841	*	Aspen Technology, Inc		2,379,498
	40,917	*	Atlassian Corp plc		1,465,647
	116,608	*	Autodesk, Inc		12,919,000
	250,897		Automatic Data Processing, Inc		29,834,162
	26,850	*	Bankrate, Inc		373,215
	14,119	*	Barracuda Networks, Inc		317,254
	39,296	*	Bazaarvoice, Inc		184,691
	8,774	*,e	Benefitfocus, Inc		313,670
	16,034	*	Black Knight Financial Services, Inc		681,445
	26,524		Blackbaud, Inc		2,449,226
	30,386	*	Blackhawk Network Holdings, Inc		1,326,349
	6,206	*	Blackline, Inc		240,607
	23,011	*	Blucora, Inc		515,446
	81,702		Booz Allen Hamilton Holding Co		2,802,379
	24,238	*	Bottomline Technologies, Inc		690,298
	43,840	*	Box, Inc		826,384
	13,975	*	Brightcove, Inc		93,632
	64,877		Broadridge Financial Solutions, Inc		4,921,569

193

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	17,171	*	BroadSoft, Inc	$	756,383
	176,630		CA, Inc		5,482,595
	13,567	*	CACI International, Inc (Class A)		1,697,232
	155,835	*	Cadence Design Systems, Inc		5,750,311
	35,712	*	Callidus Software, Inc		867,802
	14,005	*	Carbonite, Inc		330,518
	25,342	*	Cardtronics plc		793,205
	8,834	*	Care.com, Inc		128,358
	39,702	*,e	Cars.com, Inc		964,759
	6,050		Cass Information Systems, Inc		399,058
	75,949		CDK Global, Inc		4,995,925
	18,244	*	ChannelAdvisor Corp		191,562
	14,238	*,e	Cimpress NV		1,256,361
	85,004	*	Citrix Systems, Inc		6,713,616
	7,361	*,e	Cloudera, Inc		126,977
	327,890		Cognizant Technology Solutions Corp (Class A)		22,729,335
	16,529	*	CommerceHub, Inc		297,191
	6,498	*	CommerceHub, Inc (Series A)		118,524
	23,671	*	Commvault Systems, Inc		1,409,608
	105,002	*	Conduent, Inc		1,733,583
	53,597		Convergys Corp		1,284,720
	28,694	*	Cornerstone OnDemand, Inc		1,156,655
	18,006	*	CoStar Group, Inc		4,961,553
	16,601	*,e	Coupa Software, Inc		510,149
	18,600		CSG Systems International, Inc		769,110
	90,684		CSRA, Inc		2,957,205
	117,658	*	Dell Technologies, Inc-VMware Inc		7,561,880
	33,306	*	DHI Group, Inc		73,273
	5,360	*,e	Digimarc Corp		168,036
	34,638		DST Systems, Inc		1,901,626
	160,215		DXC Technology Co		12,557,652
	567,274	*	eBay, Inc		20,268,700
	13,152	e	Ebix, Inc		759,528
	169,388	*	Electronic Arts, Inc		19,774,355
	18,847	*	Ellie Mae, Inc		1,643,835
	35,390	*	Endurance International Group Holdings, Inc		327,357
	11,448	*	EnerNOC, Inc		87,577
	23,809	*	Envestnet, Inc		929,741
	27,351	*	EPAM Systems, Inc		2,350,271
	28,063	*	Euronet Worldwide, Inc		2,711,166
	9,697	*	Everbridge, Inc		229,334
	35,393	*	Everi Holdings, Inc		264,032
	34,012		EVERTEC, Inc		607,114
	6,421	*	EXA Corp		90,729
	18,891	*	ExlService Holdings, Inc		1,087,177
	1,331,560	*	Facebook, Inc		225,366,530
	21,634		Fair Isaac Corp		3,083,927
	184,220		Fidelity National Information Services, Inc		16,804,548
	98,510	*,e	FireEye, Inc		1,441,201
	46,729	*	First American Corp		2,128,506
	206,730	*	First Data Corp		3,857,582
	121,472	*	Fiserv, Inc		15,609,152
	29,060	*	Five9, Inc		641,064

194

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	51,370	*	FleetCor Technologies, Inc	$	7,811,322
	5,122		Forrester Research, Inc		208,978
	82,367	*	Fortinet, Inc		3,040,166
	49,037	*	Gartner, Inc		6,292,428
	75,333		Genpact Ltd		2,184,657
	20,043	*	Gigamon, Inc		796,709
	84,998		Global Payments, Inc		8,021,261
	3,719	*	Global Sources Ltd		72,892
	50,659	*	Glu Mobile, Inc		138,299
	43,883	*	GoDaddy, Inc		1,886,091
	30,887	*,e	Gogo, Inc		376,204
	47,721	*,e	GrubHub, Inc		2,201,370
	17,068	*	GTT Communications, Inc		521,427
	8,100	*	Guidance Software, Inc		57,267
	50,211	*	Guidewire Software, Inc		3,623,226
	15,855		Hackett Group, Inc		260,339
	26,874	*	Hortonworks, Inc		360,112
	18,784	*	HubSpot, Inc		1,359,022
	39,051	*	IAC/InterActiveCorp		4,085,906
	18,740	*	Imperva, Inc		844,237
	16,246	*	Information Services Group, Inc		65,471
	11,820	*	Instructure, Inc		382,377
	45,669	*	Internap Network Services Corp		173,542
	488,046		International Business Machines Corp		70,605,615
	136,350		Intuit, Inc		18,708,583
	25,835		j2 Global, Inc		2,186,416
	50,601		Jack Henry & Associates, Inc		5,430,499
	7,079	*	Leaf Group Ltd		53,446
	79,565		Leidos Holdings, Inc		4,251,954
	31,019	*	Limelight Networks, Inc		106,085
	10,535	*	Liquidity Services, Inc		71,638
	30,644	*	Liveperson, Inc		415,226
	29,338		LogMeIn, Inc		3,416,410
	43,672	*	Manhattan Associates, Inc		1,930,302
	14,208		Mantech International Corp (Class A)		564,342
	540,940		MasterCard, Inc (Class A)		69,132,132
	20,225	*,e	Match Group, Inc		369,106
	35,655		MAXIMUS, Inc		2,152,136
	37,013	*	Meet Group, Inc		185,805
	4,278,089		Microsoft Corp		311,017,070
	5,590	*	MicroStrategy, Inc (Class A)		751,911
	20,518	*	MINDBODY, Inc		532,442
	14,789	*	Mitek Systems, Inc		140,495
	32,597	*	MobileIron, Inc		147,501
	27,607	*	Model N, Inc		364,412
	34,044	*	MoneyGram International, Inc		555,598
	23,038		Monotype Imaging Holdings, Inc		434,266
	8,155	*,e	MuleSoft, Inc		177,290
	2,553		NCI, Inc (Class A)		50,932
	31,345	*	NeuStar, Inc (Class A)		1,046,923
	16,397	*	New Relic, Inc		770,003
	36,032		NIC, Inc		585,520
	160,755	*	Nuance Communications, Inc		2,781,062

195

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	20,120	*,e	Nutanix, Inc	$	427,449
	6,384	*	Okta, Inc		140,129
	7,800	*,e	Ominto, Inc		43,836
	1,636,705		Oracle Corp		81,720,681
	127,053	*,e	Pandora Media, Inc		1,137,124
	3,781	*,e	Park City Group, Inc		51,044
	195,266		Paychex, Inc		11,296,138
	27,369	*	Paycom Software, Inc		1,918,293
	14,358	*	Paylocity Holding Corp		652,858
	636,616	*	PayPal Holdings, Inc		37,273,867
	21,297		Pegasystems, Inc		1,287,404
	18,898	*	Perficient, Inc		355,282
	20,183	*	Planet Payment, Inc		65,393
	10,996	*	Presidio, Inc		149,875
	27,554		Progress Software Corp		882,004
	23,822	*	Proofpoint, Inc		2,030,587
	14,682	*	PROS Holdings, Inc		423,282
	64,284	*	PTC, Inc		3,547,834
	17,274	*	Q2 Holdings, Inc		671,959
	5,552		QAD, Inc (Class A)		174,055
	17,364	*	Qualys, Inc		697,165
	15,203	*	QuinStreet, Inc		59,140
	41,318	*	Quotient Technology, Inc		479,289
	10,768	*	Rapid7, Inc		163,566
	9,129	*	RealNetworks, Inc		39,711
	33,203	*	RealPage, Inc		1,286,616
	99,303	*	Red Hat, Inc		9,818,088
	3,209		Reis, Inc		68,673
	34,799	*	RingCentral, Inc		1,211,005
	20,896	*,e	Rocket Fuel, Inc		54,330
	12,773	*	Rosetta Stone, Inc		132,328
	18,434	*	Rubicon Project, Inc		86,640
	116,838		Sabre Corp		2,585,625
	383,895	*	salesforce.com, Inc		34,857,666
	24,409		Science Applications International Corp		1,718,638
	3,029	*,e	SecureWorks Corp		33,137
	93,884	*	ServiceNow, Inc		10,369,488
	43,992	*	ServiceSource International LLC		167,170
	10,089	*	Shutterstock, Inc		425,150
	26,588	*	Silver Spring Networks, Inc		300,710
	78,669	*	Splunk, Inc		4,720,927
	9,074	*	SPS Commerce, Inc		524,477
	126,124	*	Square, Inc		3,323,367
	96,251		SS&C Technologies Holdings, Inc		3,730,689
	8,788	*	Stamps.com, Inc		1,301,503
	10,949	*	StarTek, Inc		134,673
	21,637	*	Sykes Enterprises, Inc		735,658
	346,543		Symantec Corp		10,739,368
	22,722	*	Synchronoss Technologies, Inc		383,547
	86,395	*	Synopsys, Inc		6,615,265
	40,475		Syntel, Inc		788,858
	33,350	*	Tableau Software, Inc		2,149,408
	55,681	*	Take-Two Interactive Software, Inc		4,425,526

196

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	8,465	*	TechTarget, Inc	$	81,179
	17,371	*	TeleNav, Inc		130,283
	7,875		TeleTech Holdings, Inc		329,175
	75,075	*	Teradata Corp		2,388,887
	65,039		TiVo Corp		1,274,764
	100,578		Total System Services, Inc		6,382,680
	9,678	*	Trade Desk, Inc		515,934
	68,958		Travelport Worldwide Ltd		986,099
	34,454	*,e	TrueCar, Inc		652,214
	5,104	*,e	Tucows, Inc		278,934
	34,762	*,e	Twilio, Inc		1,014,008
	375,227	*	Twitter, Inc		6,037,402
	19,439	*	Tyler Technologies, Inc		3,339,815
	15,894	*	Ultimate Software Group, Inc		3,587,435
	29,931	*,e	Unisys Corp		383,117
	3,790	*	Upland Software, Inc		93,424
	89,858	*	Vantiv, Inc		5,710,476
	10,633	*	Varonis Systems, Inc		396,079
	14,849	*	Vasco Data Security International		200,462
	34,785	*	Verint Systems, Inc		1,379,225
	49,492	*	VeriSign, Inc		5,007,106
	30,324	*,e	VirnetX Holding Corp		104,618
	15,177	*	Virtusa Corp		503,118
	1,057,432		Visa, Inc (Class A)		105,277,930
	41,454	*,e	VMware, Inc (Class A)		3,843,200
	20,595	*	WebMD Health Corp (Class A)		1,364,419
	22,175	*	Website Pros, Inc		486,741
	264,470		Western Union Co		5,223,283
	21,942	*	WEX, Inc		2,384,657
	73,528	*	Workday, Inc		7,507,944
	15,731	*	Workiva, Inc		308,328
	18,868	*	XO Group, Inc		344,907
	43,280	*	Yelp, Inc		1,407,898
	6,474	*,e	Yext, Inc		84,162
	53,846	*	Zendesk, Inc		1,578,765
	29,332	*	Zillow Group, Inc		1,332,553
	58,952	*	Zillow Group, Inc (Class C)		2,662,272
	23,238	*	Zix Corp		123,859
	422,374	*	Zynga, Inc		1,524,770
			TOTAL SOFTWARE & SERVICES		1,907,361,535
TECHNOLOGY HARDWARE & EQUIPMENT - 5.4%
	60,590	*,e	3D Systems Corp		1,017,912
	26,765		Adtran, Inc		627,639
	25,955	*	Aerohive Networks, Inc		122,248
	5,601	*	Agilysys, Inc		56,346
	177,890		Amphenol Corp (Class A)		13,629,932
	15,779	*	Anixter International, Inc		1,242,596
	2,973,519		Apple, Inc		442,251,481
	10,510	*,e	Applied Optoelectronics, Inc		1,024,620
	29,588	*	Arista Networks, Inc		4,417,193
	100,841	*	ARRIS International plc		2,819,514
	49,499	*	Arrow Electronics, Inc		4,023,774

197

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	23,208	*	Avid Technology, Inc	$	119,521
	69,674		Avnet, Inc		2,674,088
	25,375		AVX Corp		453,451
	16,518		Badger Meter, Inc		747,439
	5,993		Bel Fuse, Inc (Class B)		151,323
	23,084		Belden CDT, Inc		1,660,663
	27,178	*	Benchmark Electronics, Inc		914,540
	265,241		Brocade Communications Systems, Inc		3,349,994
	21,159	*	CalAmp Corp		404,137
	30,209	*	Calix, Inc		206,932
	85,576		CDW Corp		5,428,086
	78,205	*	Ciena Corp		2,013,779
	2,871,427		Cisco Systems, Inc		90,306,379
	4,709	*,e	Clearfield, Inc		54,153
	46,473		Cognex Corp		4,417,723
	13,935	*	Coherent, Inc		3,692,775
	107,025	*	CommScope Holding Co, Inc		3,936,379
	12,255		Comtech Telecommunications Corp		220,590
	13,429	*	Control4 Corp		306,853
	512,828		Corning, Inc		14,943,808
	11,071	e	CPI Card Group, Inc		32,659
	23,580	*	Cray, Inc		485,748
	19,626		CTS Corp		431,772
	20,391		Daktronics, Inc		199,424
	42,082		Diebold, Inc		984,719
	10,399	*	Digi International, Inc		108,670
	45,077		Dolby Laboratories, Inc (Class A)		2,332,735
	12,180	*	Eastman Kodak Co		115,710
	26,555	*	EchoStar Corp (Class A)		1,612,685
	14,155	*	Electro Scientific Industries, Inc		122,441
	27,188	*	Electronics for Imaging, Inc		1,320,793
	14,430		EMCORE Corp		167,388
	7,241	*	ePlus, Inc		585,797
	60,755	*	Extreme Networks, Inc		534,036
	37,048	*	F5 Networks, Inc		4,473,546
	20,714	*	Fabrinet		932,337
	9,743	*	FARO Technologies, Inc		384,848
	63,061	*	Finisar Corp		1,716,520
	98,371	*,e	Fitbit, Inc		507,594
	76,704		Flir Systems, Inc		2,862,593
	48,161	*	Harmonic, Inc		197,460
	68,547		Harris Corp		7,846,575
	934,351		Hewlett Packard Enterprise Co		16,360,486
	959,686		HP, Inc		18,330,003
	33,751	*	II-VI, Inc		1,285,913
	19,972	*	Immersion Corp		170,561
	80,468	*	Infinera Corp		943,890
	19,810	*	Insight Enterprises, Inc		802,701
	18,884		InterDigital, Inc		1,375,699
	10,530	*	Intevac, Inc		119,515
	20,051	*	IPG Photonics Corp		3,060,585
	14,205	*	Iteris, Inc		89,349
	19,485	*	Itron, Inc		1,422,405

198

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	98,916		Jabil Circuit, Inc	$	3,016,938
	208,746		Juniper Networks, Inc		5,834,451
	26,924	*	Kemet Corp		453,669
	103,336	*	Keysight Technologies, Inc		4,297,744
	14,861	*	Kimball Electronics, Inc		289,046
	48,953	*	Knowles Corp		741,638
	5,979	*	KVH Industries, Inc		65,171
	12,530		Littelfuse, Inc		2,257,655
	34,887	*	Lumentum Holdings, Inc		2,183,926
	16,124	*	Maxwell Technologies, Inc		94,325
	1,740	e	Mesa Laboratories, Inc		251,482
	20,017		Methode Electronics, Inc		795,676
	36,677	*	Microvision, Inc		83,257
	91,641		Motorola, Inc		8,310,006
	9,377		MTS Systems Corp		494,168
	6,122	*	Napco Security Technologies, Inc		56,016
	77,461		National Instruments Corp		3,186,746
	68,507	*	NCR Corp		2,592,990
	153,181		NetApp, Inc		6,651,119
	18,743	*	Netgear, Inc		897,790
	49,501	*	Netscout Systems, Inc		1,707,784
	17,796	*	Novanta, Inc		656,672
	95,743	*,e	Oclaro, Inc		936,367
	9,682	*	OSI Systems, Inc		774,270
	49,855	*	Palo Alto Networks, Inc		6,569,892
	10,975		Park Electrochemical Corp		206,220
	5,271		PC Connection, Inc		135,992
	5,357	*	PC Mall, Inc		66,293
	18,614		Plantronics, Inc		840,981
	20,419	*	Plexus Corp		1,094,663
	51,903	*	Pure Storage, Inc		626,469
	11,661	*	Quantenna Communications, Inc		235,669
	15,622	*	Quantum Corp		126,538
	17,506	*	Radisys Corp		42,715
	10,064	*	Rogers Corp		1,187,250
	41,102	*	Sanmina Corp		1,473,507
	15,267	*	Scansource, Inc		604,573
	47,319	*	ShoreTel, Inc		352,527
	27,191	*	Sonus Networks, Inc		185,715
	27,450	*	Stratasys Ltd		658,525
	21,869	*	Super Micro Computer, Inc		587,183
	19,377	*	Synaptics, Inc		1,019,424
	15,921		SYNNEX Corp		1,893,325
	5,390		Systemax, Inc		97,667
	19,727	*	Tech Data Corp		2,020,045
	143,693	*	Trimble Navigation Ltd		5,378,429
	51,496	*	TTM Technologies, Inc		895,000
	13,075	*,e	Ubiquiti Networks, Inc		712,588
	23,628		Universal Display Corp		2,849,537
	18,717	*	USA Technologies, Inc		103,879
	61,871	*	VeriFone Systems, Inc		1,207,103
	29,689	*,e	Viasat, Inc		1,962,146
	126,183	*	Viavi Solutions, Inc		1,384,228

199

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	75,103		Vishay Intertechnology, Inc	$	1,340,589
	5,516	*	Vishay Precision Group, Inc		96,530
	165,980		Western Digital Corp		14,128,218
	128,430		Xerox Corp		3,938,948
	29,112	*	Zebra Technologies Corp (Class A)		2,961,273
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		782,765,572
TELECOMMUNICATION SERVICES - 2.0%
	3,498,333		AT&T, Inc		136,434,987
	5,799		ATN International, Inc		336,342
	20,377	*	Boingo Wireless, Inc		302,191
	307,172	e	CenturyLink, Inc		7,147,892
	24,433	*	Cincinnati Bell, Inc		455,676
	23,344		Cogent Communications Group, Inc		974,612
	39,329	e	Consolidated Communications Holdings, Inc		707,922
	44,096	*,e	Frontier Communications Corp		675,110
	14,505	*	General Communication, Inc (Class A)		618,928
	243,858	*,e	Globalstar, Inc		451,137
	3,994	*	Hawaiian Telcom Holdco, Inc		116,785
	11,245		IDT Corp (Class B)		166,538
	17,153	*,e	Intelsat S.A.		54,375
	46,094	*,e	Iridium Communications, Inc		458,635
	166,112	*	Level 3 Communications, Inc		9,747,452
	20,123	*	Lumos Networks Corp		360,403
	10,234	*	Ooma, Inc		84,942
	36,670	*	Orbcomm, Inc		425,739
	5,431	*,e	pdvWireless, Inc		134,146
	25,659		Shenandoah Telecom Co		789,014
	14,272		Spok Holdings, Inc		234,061
	356,633	*	Sprint Corp		2,845,931
	4,808	*	Straight Path Communications, Inc		862,555
	54,236		Telephone & Data Systems, Inc		1,541,930
	169,455	*	T-Mobile US, Inc		10,448,595
	7,820	*	US Cellular Corp		296,222
	2,325,121		Verizon Communications, Inc		112,535,856
	110,957	*	Vonage Holdings Corp		733,426
	102,906	e	Windstream Holdings, Inc		390,014
	103,234	*	Zayo Group Holdings, Inc		3,385,043
			TOTAL TELECOMMUNICATION SERVICES		293,716,459
TRANSPORTATION - 2.0%
	29,256	*	Air Transport Services Group, Inc		712,676
	67,530		Alaska Air Group, Inc		5,755,582
	7,231		Allegiant Travel Co		934,607
	3,482		Amerco, Inc		1,352,966
	255,036		American Airlines Group, Inc		12,864,016
	15,562		Arkansas Best Corp		432,624
	13,672	*	Atlas Air Worldwide Holdings, Inc		812,117
	43,091	*	Avis Budget Group, Inc		1,326,341
	78,445		CH Robinson Worldwide, Inc		5,145,992
	17,695		Copa Holdings S.A. (Class A)		2,220,015
	22,604		Costamare, Inc		145,344
	7,369	*	Covenant Transportation Group, Inc		138,169

200

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	499,123		CSX Corp	$	24,626,729
	10,932	*	Daseke, Inc		133,261
	384,885		Delta Air Lines, Inc		18,997,924
	22,782	*,e	Eagle Bulk Shipping, Inc		98,646
	14,127	*	Echo Global Logistics, Inc		192,834
	100,575		Expeditors International of Washington, Inc		5,921,856
	143,738		FedEx Corp		29,901,816
	16,700		Forward Air Corp		865,561
	3,573	*	Genco Shipping & Trading Ltd		36,373
	34,951	*	Genesee & Wyoming, Inc (Class A)		2,277,407
	29,677	*	Hawaiian Holdings, Inc		1,228,628
	45,423		Heartland Express, Inc		959,788
	30,979	*,e	Hertz Global Holdings, Inc		423,483
	17,800	*	Hub Group, Inc (Class A)		606,090
	48,298		J.B. Hunt Transport Services, Inc		4,381,112
	190,093	*	JetBlue Airways Corp		4,168,739
	59,290		Kansas City Southern Industries, Inc		6,118,135
	29,839	*	Kirby Corp		1,817,195
	40,675		Knight Transportation, Inc		1,450,064
	24,076		Landstar System, Inc		2,001,919
	43,118		Macquarie Infrastructure Co LLC		3,268,776
	21,130		Marten Transport Ltd		337,023
	22,466		Matson, Inc		633,541
	55,519	*,e	Navios Maritime Holdings, Inc		68,288
	163,109		Norfolk Southern Corp		18,362,811
	34,438		Old Dominion Freight Line		3,302,949
	4,949		Park-Ohio Holdings Corp		196,723
	21,295	*	Radiant Logistics, Inc		92,207
	18,088	*	Roadrunner Transportation Services Holdings, Inc		126,254
	30,235		Ryder System, Inc		2,199,899
	25,741	*	Safe Bulkers, Inc		66,412
	14,102	*	Saia, Inc		766,444
	18,625		Schneider National, Inc		402,672
	31,915	*	Scorpio Bulkers, Inc		229,788
	28,922		Skywest, Inc		1,055,653
	318,270		Southwest Airlines Co		17,667,168
	39,019	*	Spirit Airlines, Inc		1,515,888
	41,077	*	Swift Transportation Co, Inc		1,047,463
	464,562		Union Pacific Corp		47,831,303
	160,249	*	United Continental Holdings, Inc		10,845,652
	397,114		United Parcel Service, Inc (Class B)		43,797,703
	2,557		Universal Truckload Services, Inc		37,204
	26,265		Werner Enterprises, Inc		778,757
	62,856	*	XPO Logistics, Inc		3,778,274
	19,630	*	YRC Worldwide, Inc		260,883
			TOTAL TRANSPORTATION		296,717,744
UTILITIES - 3.2%
	372,799		AES Corp		4,167,893
	27,819		Allete, Inc		2,038,298
	125,914		Alliant Energy Corp		5,103,294
	134,469		Ameren Corp		7,543,711
	278,252		American Electric Power Co, Inc		19,627,896

201

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	20,071		American States Water Co	$	992,511
	99,967		American Water Works Co, Inc		8,107,324
	99,797		Aqua America, Inc		3,331,224
	8,679	*,e	AquaVenture Holdings Ltd		138,777
	4,310		Artesian Resources Corp		167,616
	80,726	*	Atlantic Power Corp		185,670
	58,378		Atmos Energy Corp		5,064,875
	36,644		Avangrid, Inc		1,664,371
	35,691		Avista Corp		1,877,704
	29,767		Black Hills Corp		2,073,569
	11,578	*	Cadiz, Inc		150,514
	26,557		California Water Service Group		1,033,067
	203,529	*	Calpine Corp		2,926,747
	241,686		Centerpoint Energy, Inc		6,813,128
	9,510		Chesapeake Utilities Corp		734,648
	161,887		CMS Energy Corp		7,485,655
	6,271		Connecticut Water Service, Inc		357,322
	172,163		Consolidated Edison, Inc		14,265,426
	6,110		Consolidated Water Co, Inc		78,819
	3,244		Delta Natural Gas Co, Inc		98,715
	352,168		Dominion Resources, Inc		27,180,326
	99,276		DTE Energy Co		10,628,489
	405,251		Duke Energy Corp		34,494,965
	61,744	*	Dynegy, Inc		554,461
	177,509		Edison International		13,966,408
	22,298		El Paso Electric Co		1,157,266
	102,604		Entergy Corp		7,871,779
	190,022		Eversource Energy		11,551,437
	523,338		Exelon Corp		20,064,779
	248,832		FirstEnergy Corp		7,940,229
	5,556		Genie Energy Ltd		36,836
	5,796		Global Water Resources, Inc		54,714
	131,163		Great Plains Energy, Inc		4,047,690
	59,463		Hawaiian Electric Industries, Inc		1,961,684
	27,461		Idacorp, Inc		2,371,532
	108,241		MDU Resources Group, Inc		2,852,150
	19,814		MGE Energy, Inc		1,318,622
	8,696		Middlesex Water Co		341,231
	44,465		National Fuel Gas Co		2,632,773
	47,452		New Jersey Resources Corp		2,000,102
	269,845		NextEra Energy, Inc		39,421,656
	179,156		NiSource, Inc		4,668,805
	16,216		Northwest Natural Gas Co		1,023,230
	27,084		NorthWestern Corp		1,565,184
	170,319		NRG Energy, Inc		4,193,254
	19,670		NRG Yield, Inc (Class A)		358,584
	34,005		NRG Yield, Inc (Class C)		632,493
	110,398		OGE Energy Corp		3,958,872
	29,026		ONE Gas, Inc		2,112,512
	22,046		Ormat Technologies, Inc		1,307,328
	21,807		Otter Tail Corp		882,093
	40,021		Pattern Energy Group, Inc		1,004,527
	291,874		PG&E Corp		19,756,951

202

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	60,967		Pinnacle West Capital Corp	$	5,287,668
	42,794		PNM Resources, Inc		1,705,341
	48,233		Portland General Electric Co		2,155,533
	384,070		PPL Corp		14,721,403
	285,294		Public Service Enterprise Group, Inc		12,829,671
	8,960	*	Pure Cycle Corp		66,304
	3,770		RGC Resources, Inc		101,225
	72,935		SCANA Corp		4,694,826
	142,647		Sempra Energy		16,120,538
	9,091		SJW Corp		480,641
	43,304		South Jersey Industries, Inc		1,471,037
	582,552		Southern Co		27,921,717
	26,292		Southwest Gas Corp		2,105,989
	7,359	e	Spark Energy, Inc		153,067
	26,210		Spire, Inc		1,902,846
	53,134		TerraForm Global, Inc		270,983
	47,821		TerraForm Power, Inc		640,801
	97,553		UGI Corp		4,923,500
	12,359		Unitil Corp		627,219
	46,141		Vectren Corp		2,773,536
	135,923		Vistra Energy Corp		2,233,215
	13,858	*,e	Vivint Solar, Inc		71,369
	186,518		WEC Energy Group, Inc		11,745,039
	80,600		Westar Energy, Inc		4,090,450
	28,585		WGL Holdings, Inc		2,450,306
	284,750		Xcel Energy, Inc		13,471,523
	7,260		York Water Co		252,648
			TOTAL UTILITIES		465,210,131
			TOTAL COMMON STOCKS		14,589,920,636
			(Cost $9,347,952,269)
RIGHTS / WARRANTS - 0.0%
DIVERSIFIED FINANCIALS - 0.0%
	267	m	Emergent Capital, Inc		0
			TOTAL DIVERSIFIED FINANCIALS		0
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	1,296	m	Forest Laboratories, Inc CVR		1,232
	1,988	m	Omthera Pharmaceuticals, Inc		1,193
	4,598	*,m	Tobira Therapeutics, Inc		276
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		2,701
SOFTWARE & SERVICES - 0.0%
	3,514	m	Gerber Scientific, Inc		0
			TOTAL SOFTWARE & SERVICES		0
			TOTAL RIGHTS / WARRANTS		2,701
			(Cost $364)

203

TIAA-CREF FUNDS - Equity Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 1.2%
GOVERNMENT AGENCY DEBT - 0.0%
$	7,300,000		Federal Home Loan Bank (FHLB)		0.800	%	08/01/17	$	7,300,000
			TOTAL GOVERNMENT AGENCY DEBT						7,300,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.2%
	169,244,789	c	State Street Navigator Securities Lending Government Money Market Portfolio						169,244,789
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						169,244,789
			TOTAL SHORT-TERM INVESTMENTS						176,544,789
			(Cost $176,544,789)
			TOTAL INVESTMENTS - 101.2%						14,766,468,126
			(Cost $9,524,497,422)
			OTHER ASSETS & LIABILITIES, NET - (1.2)%						(169,466,323	)
			NET ASSETS - 100.0%					$	14,597,001,803

Abbreviation(s):

CVR	Contingent Value Rights
ETF	Exchange Traded Fund
REIT	Real Estate Investment Trust
SPDR	Standard & Poor’s Depository Receipts

*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $163,429,109.
m	Indicates a security that has been deemed illiquid.

204

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

TIAA-CREF FUNDS

LARGE-CAP GROWTH INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.6%
AUTOMOBILES & COMPONENTS - 0.8%
	9,004		BorgWarner, Inc	$	420,847
	113,159		Delphi Automotive plc		10,231,837
	78,579		Gentex Corp		1,337,415
	54,038		Harley-Davidson, Inc		2,630,029
	23,564		Lear Corp		3,491,949
	55,067	*	Tesla, Inc		17,812,522
	21,017		Thor Industries, Inc		2,214,141
	13,828		Visteon Corp		1,542,375
			TOTAL AUTOMOBILES & COMPONENTS		39,681,115
BANKS - 0.3%
	21,772		Bank of the Ozarks, Inc		939,462
	3,635		East West Bancorp, Inc		207,122
	53,218		First Republic Bank		5,339,362
	9,198		Pinnacle Financial Partners, Inc		587,752
	13,225	*	Signature Bank		1,832,721
	16,107	*	SVB Financial Group		2,874,133
	23,972	*	Western Alliance Bancorp		1,207,709
			TOTAL BANKS		12,988,261
CAPITAL GOODS - 8.5%
	246,417		3M Co		49,571,708
	61,607		A.O. Smith Corp		3,299,055
	12,644		Acuity Brands, Inc		2,562,307
	3,175		Air Lease Corp		125,666
	40,878		Allegion plc		3,320,929
	57,146		Allison Transmission Holdings, Inc		2,160,119
	15,789		Ametek, Inc		972,287
	19,447	*	Armstrong World Industries, Inc		944,152
	241,185		Boeing Co		58,477,715
	40,109		BWX Technologies, Inc		2,112,942
	218,351		Caterpillar, Inc		24,881,096
	21,617		Cummins, Inc		3,629,494
	134,920		Deere & Co		17,307,538
	50,653		Donaldson Co, Inc		2,405,511
	6,806		Dover Corp		571,704
	39,050		Emerson Electric Co		2,327,771
	50,307		Equifax, Inc		7,316,650
	122,157		Fastenal Co		5,247,865
	117,791		Fortive Corp		7,625,789
	59,769		Fortune Brands Home & Security, Inc		3,925,030
	19,564	*	Gardner Denver Holdings, Inc		449,189
	45,060		General Dynamics Corp		8,846,630
	636,061		General Electric Co		16,289,522

205

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	23,399		Graco, Inc	$	2,715,220
	86,159	*	HD Supply Holdings, Inc		2,799,306
	10,145		HEICO Corp		815,354
	19,947		HEICO Corp (Class A)		1,417,234
	25,483		Hexcel Corp		1,303,965
	188,546		Honeywell International, Inc		25,664,882
	14,505		Hubbell, Inc		1,723,049
	16,007		Huntington Ingalls		3,299,203
	30,087		IDEX Corp		3,506,339
	128,835		Illinois Tool Works, Inc		18,128,373
	54,631		Ingersoll-Rand plc		4,800,972
	15,212		Lennox International, Inc		2,601,252
	24,869		Lincoln Electric Holdings, Inc		2,170,069
	95,678		Lockheed Martin Corp		27,950,414
	87,498		Masco Corp		3,336,299
	23,924	*	Middleby Corp		3,126,388
	7,825		MSC Industrial Direct Co (Class A)		557,218
	24,456		Nordson Corp		3,105,912
	68,413		Northrop Grumman Corp		18,001,513
	48,185		Parker-Hannifin Corp		7,997,746
	15,741	*	Quanta Services, Inc		530,944
	45,825		Raytheon Co		7,871,360
	54,739		Rockwell Automation, Inc		9,033,577
	68,727		Rockwell Collins, Inc		7,321,487
	40,312		Roper Industries, Inc		9,370,928
	35,594	*	Sensata Technologies Holding BV		1,606,001
	3,248		Snap-On, Inc		500,842
	6,466		Stanley Works		909,702
	44,924		Toro Co		3,193,647
	20,489		TransDigm Group, Inc		5,780,766
	35,773	*	United Rentals, Inc		4,255,556
	43,873	*	Univar, Inc		1,361,818
	20,992		W.W. Grainger, Inc		3,500,206
	21,291	*	WABCO Holdings, Inc		2,929,003
	11,698		Wabtec Corp		881,561
	12,526		Watsco, Inc		1,888,545
	56,142	*	Welbilt, Inc		1,094,208
	38,718		Xylem, Inc		2,196,472
			TOTAL CAPITAL GOODS		423,618,000
COMMERCIAL & PROFESSIONAL SERVICES - 0.8%
	36,698		Cintas Corp		4,948,726
	16,265	*	Clean Harbors, Inc		923,852
	84,280	*	Copart, Inc		2,653,977
	6,549		Dun & Bradstreet Corp		725,367
	94,508	*	IHS Markit Ltd		4,408,798
	56,799		KAR Auction Services, Inc		2,387,830
	52,416		Robert Half International, Inc		2,371,824
	40,990		Rollins, Inc		1,779,376
	52,896	*	TransUnion		2,424,224
	63,778	*	Verisk Analytics, Inc		5,565,268
	153,959		Waste Management, Inc		11,570,019
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		39,759,261

206

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
CONSUMER DURABLES & APPAREL - 1.5%
	30,560		Brunswick Corp	$	1,730,002
	19,892		Carter’s, Inc		1,725,233
	19,698		Coach, Inc		928,564
	78,888		DR Horton, Inc		2,815,513
	153,232		Hanesbrands, Inc		3,512,078
	36,443		Hasbro, Inc		3,858,585
	45,317		Leggett & Platt, Inc		2,183,373
	40,849	*	Lululemon Athletica, Inc		2,517,932
	27,121		Mattel, Inc		542,962
	5,982	*	Michael Kors Holdings Ltd		217,984
	1,627	*	Mohawk Industries, Inc		405,107
	561,845		Nike, Inc (Class B)		33,176,947
	1,407	*	NVR, Inc		3,672,889
	24,596	e	Polaris Industries, Inc		2,205,277
	17,133		Pool Corp		1,852,420
	35,203		Pulte Homes, Inc		859,657
	23,482	*	Skechers U.S.A., Inc (Class A)		659,609
	8,404	*,e	Tempur Sealy International, Inc		484,659
	29,398		Toll Brothers, Inc		1,134,469
	21,782		Tupperware Corp		1,322,385
	58,022	*,e	Under Armour, Inc		1,050,778
	56,482	*,e	Under Armour, Inc (Class A)		1,130,770
	104,140		VF Corp		6,476,467
	2,399		Whirlpool Corp		426,734
			TOTAL CONSUMER DURABLES & APPAREL		74,890,394
CONSUMER SERVICES - 3.5%
	42,388		ARAMARK Holdings Corp		1,689,586
	21,688	*	Bright Horizons Family Solutions		1,713,569
	10,732	*	Chipotle Mexican Grill, Inc (Class A)		3,689,340
	14,632		Choice Hotels International, Inc		945,959
	52,591		Darden Restaurants, Inc		4,411,333
	20,371		Domino’s Pizza, Inc		3,799,192
	38,193		Dunkin Brands Group, Inc		2,025,375
	38,614		Extended Stay America, Inc		763,399
	13,287		H&R Block, Inc		405,253
	26,004	*	Hilton Grand Vacations, Inc		955,907
	71,421		Hilton Worldwide Holdings, Inc		4,465,955
	153,009		Las Vegas Sands Corp		9,426,884
	134,094		Marriott International, Inc (Class A)		13,971,254
	346,216		McDonald’s Corp		53,711,950
	15,638		MGM Resorts International		514,959
	77,244		Service Corp International		2,682,684
	55,604	*	ServiceMaster Global Holdings, Inc		2,444,352
	29,515		Six Flags Entertainment Corp		1,678,518
	599,783		Starbucks Corp		32,376,286
	16,734		Vail Resorts, Inc		3,526,858
	79,995		Wendy’s		1,235,123
	43,124		Wyndham Worldwide Corp		4,500,852
	34,010		Wynn Resorts Ltd		4,398,853
	135,009	*	Yum China Holdings, Inc		4,831,972

207

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	147,855		Yum! Brands, Inc	$	11,160,095
			TOTAL CONSUMER SERVICES		171,325,508
DIVERSIFIED FINANCIALS - 2.1%
	57,950		Ameriprise Financial, Inc		8,395,796
	28,181		BGC Partners, Inc (Class A)		355,362
	12,067		Capital One Financial Corp		1,039,934
	46,553		CBOE Holdings, Inc		4,400,655
	400,814		Charles Schwab Corp		17,194,921
	4,187	*,e	Credit Acceptance Corp		1,042,982
	47,408		Eaton Vance Corp		2,327,259
	16,468		Factset Research Systems, Inc		2,753,779
	12,320		Federated Investors, Inc (Class B)		355,186
	117,199		IntercontinentalExchange Group, Inc		7,818,345
	26,135		Invesco Ltd		908,714
	76,845		iShares Russell 1000 Growth Index Fund		9,352,037
	46,313		Lazard Ltd (Class A)		2,163,280
	8,258		Legg Mason, Inc		330,403
	33,900		Leucadia National Corp		882,417
	37,971		LPL Financial Holdings, Inc		1,737,553
	15,625		MarketAxess Holdings, Inc		3,170,156
	70,220		Moody’s Corp		9,243,059
	7,796		Morningstar, Inc		643,716
	37,771		MSCI, Inc (Class A)		4,115,150
	13,834		Raymond James Financial, Inc		1,150,850
	109,011		S&P Global, Inc		16,742,999
	57,086		SEI Investments Co		3,225,930
	8,532		State Street Corp		795,438
	15,880		T Rowe Price Group, Inc		1,313,594
	94,826		TD Ameritrade Holding Corp		4,336,393
	4,389		Voya Financial, Inc		172,224
			TOTAL DIVERSIFIED FINANCIALS		105,968,132
ENERGY - 0.8%
	48,348	*	Antero Resources Corp		996,936
	9,294		Apache Corp		459,867
	136,569		Cabot Oil & Gas Corp		3,396,471
	56,991	*	Cheniere Energy, Inc		2,575,993
	27,410	*,e	Chesapeake Energy Corp		135,954
	36,588		Cimarex Energy Co		3,623,310
	16,675	*	Continental Resources, Inc		557,445
	17,342	*	Devon Energy Corp		577,662
	9,227	*	Diamondback Energy, Inc		884,685
	23,253		EOG Resources, Inc		2,212,290
	6,967	*	Gulfport Energy Corp		87,923
	246,588		Halliburton Co		10,465,195
	72,508	*	Laredo Petroleum Holdings, Inc		939,704
	85,205	*	Newfield Exploration Co		2,447,940
	88,527		Oneok, Inc		5,007,972
	64,505	*	Parsley Energy, Inc		1,888,706
	37,403	*	Rice Energy, Inc		1,046,162
	24,676	e	RPC, Inc		511,040
	28,116	*	RSP Permian, Inc		966,066

208

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	50,091		Williams Cos, Inc	$	1,591,892
			TOTAL ENERGY		40,373,213
FOOD & STAPLES RETAILING - 0.5%
	207,390		Kroger Co		5,085,203
	212,887	*	Rite Aid Corp		476,867
	58,202	*	Sprouts Farmers Market, Inc		1,400,922
	207,499		Sysco Corp		10,918,597
	74,519		Walgreens Boots Alliance, Inc		6,011,448
	20,742		Whole Foods Market, Inc		866,186
			TOTAL FOOD & STAPLES RETAILING		24,759,223
FOOD, BEVERAGE & TOBACCO - 5.5%
	821,115		Altria Group, Inc		53,347,841
	41,101	*	Blue Buffalo Pet Products, Inc		919,429
	22,411		Brown-Forman Corp		1,155,063
	71,334		Brown-Forman Corp (Class B)		3,523,900
	48,700		Campbell Soup Co		2,572,821
	1,221,364		Coca-Cola Co		55,987,326
	68,421		Constellation Brands, Inc (Class A)		13,229,200
	185,011		Costco Wholesale Corp		29,326,094
	77,676		Dr Pepper Snapple Group, Inc		7,080,944
	173,108		General Mills, Inc		9,635,191
	52,909		Hershey Co		5,571,847
	96,465		Kellogg Co		6,559,620
	15,276		Lamb Weston Holdings, Inc		671,839
	47,110		McCormick & Co, Inc		4,489,583
	174,592	*	Monster Beverage Corp		9,209,728
	528,078		PepsiCo, Inc		61,579,176
	59,168		Philip Morris International, Inc		6,905,497
	19,540		Pilgrim’s Pride Corp		474,627
	6,787	*	TreeHouse Foods, Inc		575,741
			TOTAL FOOD, BEVERAGE & TOBACCO		272,815,467
HEALTH CARE EQUIPMENT & SERVICES - 5.7%
	17,209	*	Abiomed, Inc		2,548,481
	44,189		Aetna Inc		6,818,805
	33,675	*	Align Technology, Inc		5,631,470
	65,933		AmerisourceBergen Corp		6,185,834
	16,647	*	athenahealth, Inc		2,302,613
	30,626		Bard (C.R.), Inc		9,818,696
	19,315		Baxter International, Inc		1,168,171
	94,826		Becton Dickinson & Co		19,097,956
	582,270	*	Boston Scientific Corp		15,500,027
	9,275	*	Centene Corp		736,621
	121,257	*	Cerner Corp		7,805,313
	92,089		Cigna Corp		15,982,967
	15,863		Cooper Cos, Inc		3,868,510
	36,548	*	DexCom, Inc		2,434,462
	88,594	*	Edwards Lifesciences Corp		10,204,257
	17,907	*	Express Scripts Holding Co		1,121,695
	9,374	*	HCA Holdings, Inc		753,107
	33,462	*	Henry Schein, Inc		6,097,111

209

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	25,540		Hill-Rom Holdings, Inc	$	1,903,241
	66,540	*	Hologic, Inc		2,941,733
	57,486		Humana, Inc		13,290,763
	36,929	*	Idexx Laboratories, Inc		6,147,201
	15,488	*	Intuitive Surgical, Inc		14,531,771
	3,317	*	LifePoint Hospitals, Inc		197,030
	9,526		McKesson Corp		1,541,974
	42,619		Medtronic plc		3,578,717
	4,333		Patterson Cos, Inc		180,773
	7,501	*	Premier, Inc		261,785
	59,187		Resmed, Inc		4,564,501
	144,575		Stryker Corp		21,266,983
	3,158		Teleflex, Inc		654,401
	406,662		UnitedHealth Group, Inc		78,001,838
	39,066	*	Varian Medical Systems, Inc		3,794,090
	33,356	*	VCA Antech, Inc		3,088,098
	45,202	*	Veeva Systems, Inc		2,882,080
	17,458	*	WellCare Health Plans, Inc		3,089,891
	31,239		West Pharmaceutical Services, Inc		2,770,899
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		282,763,865
HOUSEHOLD & PERSONAL PRODUCTS - 1.0%
	104,785		Church & Dwight Co, Inc		5,590,280
	46,854		Clorox Co		6,254,540
	57,873		Colgate-Palmolive Co		4,178,431
	26,475		Energizer Holdings, Inc		1,219,703
	93,026		Estee Lauder Cos (Class A)		9,208,644
	29,237	*,e	Herbalife Ltd		1,944,553
	128,027		Kimberly-Clark Corp		15,767,805
	5,943		Nu Skin Enterprises, Inc (Class A)		376,548
	55,104		Procter & Gamble Co		5,004,545
	9,999		Spectrum Brands, Inc		1,154,285
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		50,699,334
INSURANCE - 1.2%
	42,942		Allstate Corp		3,907,722
	46,677		American International Group, Inc		3,055,010
	110,804		Aon plc		15,309,789
	6,952	*	Arch Capital Group Ltd		676,152
	52,052		Arthur J. Gallagher & Co		3,060,137
	8,749		Aspen Insurance Holdings Ltd		426,951
	5,123		Assurant, Inc		539,298
	7,975		Erie Indemnity Co (Class A)		1,016,493
	217,443		Marsh & McLennan Cos, Inc		16,954,031
	244,575		Progressive Corp		11,526,820
	1,545		RenaissanceRe Holdings Ltd		226,976
	34,936		XL Group Ltd		1,551,158
			TOTAL INSURANCE		58,250,537
MATERIALS - 3.8%
	8,576		Albemarle Corp		993,101
	6,145		Aptargroup, Inc		497,315
	4,043		Ardagh Group S.A.		90,725

210

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	35,079		Avery Dennison Corp	$	3,259,891
	88,048	*	Axalta Coating Systems Ltd		2,773,512
	81,092		Ball Corp		3,397,755
	55,024	*	Berry Plastics Group, Inc		3,085,746
	35,232		Celanese Corp (Series A)		3,388,261
	78,772		Chemours Co		3,750,335
	38,505	*	Crown Holdings, Inc		2,289,892
	19,780		Eagle Materials, Inc		1,861,298
	109,254		Ecolab, Inc		14,385,474
	369,107		EI du Pont de Nemours & Co		30,344,286
	56,673		FMC Corp		4,328,684
	113,841	*	Freeport-McMoRan Copper & Gold, Inc (Class B)		1,664,355
	89,500		Graphic Packaging Holding Co		1,180,505
	41,607		Huntsman Corp		1,107,578
	33,287		International Flavors & Fragrances, Inc		4,433,163
	158,240		International Paper Co		8,700,035
	60,881		LyondellBasell Industries AF S.C.A		5,484,769
	24,054		Martin Marietta Materials, Inc		5,446,547
	185,953		Monsanto Co		21,723,029
	2,968		NewMarket Corp		1,365,607
	54,005	*	Owens-Illinois, Inc		1,290,720
	39,567		Packaging Corp of America		4,331,795
	44,182	*	Platform Specialty Products Corp		618,990
	100,292		PPG Industries, Inc		10,555,733
	106,371		Praxair, Inc		13,845,249
	10,333		Royal Gold, Inc		895,458
	50,636		RPM International, Inc		2,626,489
	17,143		Scotts Miracle-Gro Co (Class A)		1,645,557
	41,214		Sealed Air Corp		1,793,221
	34,744		Sherwin-Williams Co		11,718,109
	32,440		Silgan Holdings, Inc		982,932
	30,413		Southern Copper Corp (NY)		1,196,447
	12,746		Steel Dynamics, Inc		451,336
	51,730		Vulcan Materials Co		6,368,998
	7,396		Westlake Chemical Corp		520,383
	29,087		WR Grace & Co		2,005,840
			TOTAL MATERIALS		186,399,120
MEDIA - 3.7%
	23,248	*	AMC Networks, Inc		1,486,710
	2,026		Cable One, Inc		1,539,557
	150,985		CBS Corp (Class B)		9,939,343
	56,552	*	Charter Communications, Inc		22,163,294
	1,848,153		Comcast Corp (Class A)		74,757,789
	72,010	*	DISH Network Corp (Class A)		4,610,800
	139,483		Interpublic Group of Cos, Inc		3,014,228
	13,961	*	Lions Gate Entertainment Corp (Class A)		410,453
	27,053	*	Lions Gate Entertainment Corp (Class B)		744,228
	55,567	*	Live Nation, Inc		2,070,982
	673	*	Madison Square Garden Co		147,872
	97,348		Omnicom Group, Inc		7,665,182
	14,825		Regal Entertainment Group (Class A)		281,971
	19,584		Scripps Networks Interactive (Class A)		1,711,837

211

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	581,977	e	Sirius XM Holdings, Inc	$	3,410,385
	22,079		Twenty-First Century Fox, Inc		642,499
	9,262		Twenty-First Century Fox, Inc (Class B)		265,727
	454,174		Walt Disney Co		49,927,348
			TOTAL MEDIA		184,790,205
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.8%
	676,835		AbbVie, Inc		47,317,535
	41,885	*	Acadia Pharmaceuticals, Inc		1,246,916
	33,637		Agilent Technologies, Inc		2,011,156
	16,816	*	Agios Pharmaceuticals, Inc		940,687
	35,186	*	Akorn, Inc		1,182,953
	74,238	*	Alexion Pharmaceuticals, Inc		10,195,847
	64,523	*	Alkermes plc		3,510,696
	27,547	*	Alnylam Pharmaceuticals, Inc		2,279,239
	90,214		Amgen, Inc		15,743,245
	84,505	*	Biogen Idec, Inc		24,471,803
	74,488	*	BioMarin Pharmaceutical, Inc		6,534,832
	15,910		Bio-Techne Corp		1,844,128
	44,878	*	Bioverativ, Inc		2,781,090
	344,946		Bristol-Myers Squibb Co		19,627,427
	16,012		Bruker BioSciences Corp		459,224
	329,205	*	Celgene Corp		44,577,649
	20,106	*	Charles River Laboratories International, Inc		1,974,409
	415,185		Eli Lilly & Co		34,319,192
	122,664	*	Exelixis, Inc		3,325,421
	394,283		Gilead Sciences, Inc		30,000,994
	61,749	*	Illumina, Inc		10,735,064
	71,401	*	Incyte Corp		9,517,039
	7,430	*,e	Intercept Pharmaceuticals, Inc		870,276
	16,562	*,e	Intrexon Corp		357,574
	52,070	*	Ionis Pharmaceuticals, Inc		2,728,468
	175,032		Johnson & Johnson		23,230,247
	64,092		Merck & Co, Inc		4,094,197
	10,716	*	Mettler-Toledo International, Inc		6,141,125
	37,426	*	Neurocrine Biosciences, Inc		1,797,571
	16,115	*,e	Opko Health, Inc		103,942
	15,459	*	Patheon NV		540,447
	9,432		PerkinElmer, Inc		620,909
	33,097		QIAGEN NV		1,086,906
	35,376	*	Quintiles Transnational Holdings, Inc		3,203,297
	33,223	*	Regeneron Pharmaceuticals, Inc		16,333,091
	40,803	*	Seattle Genetics, Inc		2,060,552
	15,834	*	TESARO, Inc		2,021,368
	74,249		Thermo Fisher Scientific, Inc		13,032,927
	105,057	*	Vertex Pharmaceuticals, Inc		15,949,754
	32,260	*	Waters Corp		5,595,174
	207,416		Zoetis, Inc		12,967,648
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		387,332,019
REAL ESTATE - 2.6%
	178,991		American Tower Corp		24,401,843
	10,059		Boston Properties, Inc		1,216,234

212

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	55,430	*	CBRE Group, Inc	$	2,105,786
	14,568		Coresite Realty		1,581,793
	169,615		Crown Castle International Corp		17,059,877
	51,166		CubeSmart		1,261,754
	31,528		CyrusOne, Inc		1,882,537
	47,410		Digital Realty Trust, Inc		5,468,269
	50,489		Douglas Emmett, Inc		1,931,709
	32,773		DuPont Fabros Technology, Inc		2,042,741
	32,758		Equinix, Inc		14,765,013
	34,585		Equity Lifestyle Properties, Inc		3,019,271
	43,932		Extra Space Storage, Inc		3,492,594
	12,022		Federal Realty Investment Trust		1,594,478
	26,127		Gaming and Leisure Properties, Inc		991,258
	8,102		Hudson Pacific Properties		265,097
	97,650		Iron Mountain, Inc		3,557,390
	31,720		Lamar Advertising Co		2,238,480
	8,418		Outfront Media, Inc		192,520
	62,978		Public Storage, Inc		12,946,388
	50,778	*	SBA Communications Corp		6,984,514
	119,408		Simon Property Group, Inc		18,926,168
	2,589		Tanger Factory Outlet Centers, Inc		68,427
	13,013		Taubman Centers, Inc		740,049
			TOTAL REAL ESTATE		128,734,190
RETAILING - 8.8%
	7,882		Advance Auto Parts, Inc		882,863
	168,729	*	Amazon.com, Inc		166,667,132
	10,083	*	AutoZone, Inc		5,443,005
	16,723	*	Burlington Stores, Inc		1,455,403
	77,960	*	Carmax, Inc		5,164,850
	29,545		Dick’s Sporting Goods, Inc		1,103,210
	43,693		Dollar General Corp		3,283,966
	91,844	*	Dollar Tree, Inc		6,620,116
	51,302		Expedia, Inc		8,027,224
	4,231	*	Floor & Decor Holdings, Inc		146,477
	3,785		Foot Locker, Inc		178,614
	7,164		Gap, Inc		170,718
	22,439		Genuine Parts Co		1,905,744
	510,523		Home Depot, Inc		76,374,241
	16,580		L Brands, Inc		769,146
	4,145	*	Liberty Expedia Holdings, Inc		236,472
	98,125	*	Liberty Interactive Corp		2,349,113
	18,087	*	LKQ Corp		625,087
	364,784		Lowe’s Companies, Inc		28,234,281
	39,860	*	Michaels Cos, Inc		802,780
	173,938	*	NetFlix, Inc		31,597,577
	49,158	e	Nordstrom, Inc		2,387,604
	37,756	*	O’Reilly Automotive, Inc		7,713,551
	20,827	*	Priceline.com, Inc		42,247,569
	163,739		Ross Stores, Inc		9,058,041
	20,069	*	Sally Beauty Holdings, Inc		405,996
	273,448		TJX Companies, Inc		19,226,129
	55,461		Tractor Supply Co		3,112,471

213

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	22,605	*	TripAdvisor, Inc	$	882,047
	24,979	*	Ulta Beauty, Inc		6,274,975
	16,300	*	Wayfair, Inc		1,244,505
	7,057		Williams-Sonoma, Inc		327,657
			TOTAL RETAILING		434,918,564
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.6%
	349,057	*	Advanced Micro Devices, Inc		4,750,666
	153,352		Analog Devices, Inc		12,116,342
	457,886		Applied Materials, Inc		20,288,929
	169,217		Broadcom Ltd		41,739,065
	28,167	*	Cavium, Inc		1,744,664
	15,157		Cypress Semiconductor Corp		215,229
	65,923		Kla-Tencor Corp		6,106,447
	68,354		Lam Research Corp		10,899,729
	119,150		Maxim Integrated Products, Inc		5,414,176
	89,599		Microchip Technology, Inc		7,171,504
	335,742	*	Micron Technology, Inc		9,441,065
	38,773	*	Microsemi Corp		2,019,298
	241,050		NVIDIA Corp		39,173,036
	79,964	*	NXP Semiconductors NV		8,822,428
	166,659	*	ON Semiconductor Corp		2,491,552
	27,898	*	Qorvo, Inc		1,912,687
	77,938		Skyworks Solutions, Inc		8,173,358
	78,760		Teradyne, Inc		2,724,308
	424,251		Texas Instruments, Inc		34,525,546
	4,754		Versum Materials, Inc		167,626
	99,640		Xilinx, Inc		6,303,226
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		226,200,881
SOFTWARE & SERVICES - 24.5%
	263,569		Accenture plc		33,952,959
	313,841		Activision Blizzard, Inc		19,389,097
	209,322	*	Adobe Systems, Inc		30,663,580
	20,563		Alliance Data Systems Corp		4,964,525
	126,427	*	Alphabet, Inc (Class A)		119,536,728
	128,428	*	Alphabet, Inc (Class C)		119,502,254
	36,106	*	Ansys, Inc		4,677,532
	30,284	*	Atlassian Corp plc		1,084,773
	71,805	*	Autodesk, Inc		7,955,276
	189,892		Automatic Data Processing, Inc		22,580,058
	11,892	*	Black Knight Financial Services, Inc		505,410
	58,879		Booz Allen Hamilton Holding Co		2,019,550
	50,293		Broadridge Financial Solutions, Inc		3,815,227
	117,779	*	Cadence Design Systems, Inc		4,346,045
	57,231		CDK Global, Inc		3,764,655
	64,041	*	Citrix Systems, Inc		5,057,958
	248,084		Cognizant Technology Solutions Corp (Class A)		17,197,183
	13,319	*	CoStar Group, Inc		3,670,050
	69,429		CSRA, Inc		2,264,080
	86,902	*	Dell Technologies, Inc-VMware Inc		5,585,192
	3,396		DST Systems, Inc		186,440
	119,962		DXC Technology Co		9,402,622

214

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	127,136	*	Electronic Arts, Inc	$	14,841,857
	21,604	*	Euronet Worldwide, Inc		2,087,162
	991,291	*	Facebook, Inc		167,776,002
	79,128		Fidelity National Information Services, Inc		7,218,056
	21,847	*	First American Corp		995,131
	157,651	*	First Data Corp		2,941,768
	90,282	*	Fiserv, Inc		11,601,237
	38,812	*	FleetCor Technologies, Inc		5,901,753
	63,036	*	Fortinet, Inc		2,326,659
	37,157	*	Gartner, Inc		4,767,986
	57,939		Genpact Ltd		1,680,231
	64,135		Global Payments, Inc		6,052,420
	32,479	*	GoDaddy, Inc		1,395,947
	12,770	*	Guidewire Software, Inc		921,483
	29,932	*	IAC/InterActiveCorp		3,131,785
	250,925		International Business Machines Corp		36,301,320
	103,528		Intuit, Inc		14,205,077
	32,951		Jack Henry & Associates, Inc		3,536,301
	13,405		LogMeIn, Inc		1,561,012
	29,767	*	Manhattan Associates, Inc		1,315,701
	400,274		MasterCard, Inc (Class A)		51,155,017
	16,382	*,e	Match Group, Inc		298,971
	3,185,313		Microsoft Corp		231,572,255
	98,612		Oracle Corp		4,923,697
	99,925	*,e	Pandora Media, Inc		894,329
	135,915		Paychex, Inc		7,862,683
	480,390	*	PayPal Holdings, Inc		28,126,835
	48,626	*	PTC, Inc		2,683,669
	74,897	*	Red Hat, Inc		7,405,066
	69,266		Sabre Corp		1,532,857
	287,434	*	salesforce.com, Inc		26,099,007
	70,412	*	ServiceNow, Inc		7,777,005
	57,629	*	Splunk, Inc		3,458,316
	93,626	*	Square, Inc		2,467,045
	67,726		SS&C Technologies Holdings, Inc		2,625,060
	260,039		Symantec Corp		8,058,609
	5,566	*	Synopsys, Inc		426,189
	25,643	*	Tableau Software, Inc		1,652,691
	42,019	*	Take-Two Interactive Software, Inc		3,339,670
	75,263		Total System Services, Inc		4,776,190
	18,068	*	Twitter, Inc		290,714
	14,744	*	Tyler Technologies, Inc		2,533,167
	12,164	*	Ultimate Software Group, Inc		2,745,536
	66,601	*	Vantiv, Inc		4,232,494
	37,348	*	VeriSign, Inc		3,778,497
	784,972		Visa, Inc (Class A)		78,151,812
	30,414	*,e	VMware, Inc (Class A)		2,819,682
	200,509		Western Union Co		3,960,053
	13,511	*	WEX, Inc		1,468,375
	55,069	*	Workday, Inc		5,623,096
	16,199	*	Zillow Group, Inc		735,921
	30,150	*	Zillow Group, Inc (Class C)		1,361,574
			TOTAL SOFTWARE & SERVICES		1,217,516,164

215

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
TECHNOLOGY HARDWARE & EQUIPMENT - 7.8%
	126,181		Amphenol Corp (Class A)	$	9,667,988
	2,215,719	d	Apple, Inc		329,543,887
	22,533	*	Arista Networks, Inc		3,363,952
	65,121		CDW Corp		4,130,625
	35,108		Cognex Corp		3,337,367
	10,385	*	Coherent, Inc		2,752,025
	40,806	*	CommScope Holding Co, Inc		1,500,845
	20,246		Corning, Inc		589,968
	27,573	*	F5 Networks, Inc		3,329,440
	31,512		Flir Systems, Inc		1,176,028
	12,720		Harris Corp		1,456,058
	15,403	*	IPG Photonics Corp		2,351,114
	6,955		Motorola, Inc		630,679
	36,174		National Instruments Corp		1,488,198
	50,845	*	NCR Corp		1,924,483
	98,754		NetApp, Inc		4,287,899
	37,726	*	Palo Alto Networks, Inc		4,971,532
	84,521	*	Trimble Navigation Ltd		3,163,621
	17,542		Universal Display Corp		2,115,565
	18,005		Western Digital Corp		1,532,586
	22,149	*	Zebra Technologies Corp (Class A)		2,252,996
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		385,566,856
TELECOMMUNICATION SERVICES - 1.0%
	77,005	*	T-Mobile US, Inc		4,748,128
	868,144		Verizon Communications, Inc		42,018,170
	79,549	*	Zayo Group Holdings, Inc		2,608,412
			TOTAL TELECOMMUNICATION SERVICES		49,374,710
TRANSPORTATION - 2.8%
	41,810		Alaska Air Group, Inc		3,563,466
	81,595		American Airlines Group, Inc		4,115,652
	59,926		CH Robinson Worldwide, Inc		3,931,145
	957		Copa Holdings S.A. (Class A)		120,065
	335,038		CSX Corp		16,530,775
	53,644		Expeditors International of Washington, Inc		3,158,559
	104,979		FedEx Corp		21,838,781
	36,642		J.B. Hunt Transport Services, Inc		3,323,796
	17,971		Landstar System, Inc		1,494,289
	16,080		Old Dominion Freight Line		1,542,233
	238,018		Southwest Airlines Co		13,212,379
	311,053		Union Pacific Corp		32,026,017
	293,246		United Parcel Service, Inc (Class B)		32,342,101
	34,835	*	XPO Logistics, Inc		2,093,932
			TOTAL TRANSPORTATION		139,293,190
UTILITIES - 0.0%
	27,389		NRG Energy, Inc		674,318
			TOTAL UTILITIES		674,318
			TOTAL COMMON STOCKS		4,938,692,527
			(Cost $3,530,068,923)

216

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 0.8%
GOVERNMENT AGENCY DEBT - 0.4%
$	23,450,000		Federal Home Loan Bank (FHLB)		0.800	%	08/01/17	$	23,450,000
			TOTAL GOVERNMENT AGENCY DEBT						23,450,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.4%
	18,496,253	c	State Street Navigator Securities Lending Government Money Market Portfolio						18,496,253
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						18,496,253
			TOTAL SHORT-TERM INVESTMENTS						41,946,253
			(Cost $41,946,253)
			TOTAL INVESTMENTS - 100.4%						4,980,638,780
			(Cost $3,572,015,176)
			OTHER ASSETS & LIABILITIES, NET - (0.4)%						(21,026,535	)
			NET ASSETS - 100.0%					$	4,959,612,245

*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
d	All or a portion of these securities have been segregated to cover margin requirements on open futures contracts.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $17,950,834.

217

TIAA-CREF FUNDS - Large-Cap Value Index Fund

TIAA-CREF FUNDS

LARGE-CAP VALUE INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.9%
AUTOMOBILES & COMPONENTS - 1.0%
	52,260		Adient plc	$	3,421,462
	104,810		BorgWarner, Inc		4,898,820
	2,155,183		Ford Motor Co		24,181,153
	758,486		General Motors Co		27,290,326
	56,411		Gentex Corp		960,115
	139,045		Goodyear Tire & Rubber Co		4,381,308
	25,808		Harley-Davidson, Inc		1,256,075
	6,655		Lear Corp		986,205
			TOTAL AUTOMOBILES & COMPONENTS		67,375,464
BANKS - 12.1%
	84,501		Associated Banc-Corp		2,023,799
	5,512,433		Bank of America Corp		132,959,884
	22,974		Bank of Hawaii Corp		1,922,235
	34,359		Bank of the Ozarks, Inc		1,482,591
	57,960		BankUnited		1,994,983
	448,438		BB&T Corp		21,220,086
	13,640		BOK Financial Corp		1,160,355
	111,637		CIT Group, Inc		5,319,503
	1,524,175		Citigroup, Inc		104,329,779
	280,282		Citizens Financial Group, Inc		9,832,293
	97,520		Comerica, Inc		7,051,671
	48,683		Commerce Bancshares, Inc		2,825,561
	31,430		Cullen/Frost Bankers, Inc		2,853,215
	74,547		East West Bancorp, Inc		4,247,688
	413,585		Fifth Third Bancorp		11,042,720
	28,963		First Hawaiian, Inc		854,409
	127,754		First Horizon National Corp		2,226,752
	17,068		First Republic Bank		1,712,432
	178,270		FNB Corp		2,442,299
	594,732		Huntington Bancshares, Inc		7,880,199
	1,959,267		JPMorgan Chase & Co		179,860,710
	601,211		Keycorp		10,845,846
	79,655		M&T Bank Corp		12,995,713
	260,467		New York Community Bancorp, Inc		3,419,932
	67,321		PacWest Bancorp		3,232,754
	192,858		People’s United Financial, Inc		3,363,444
	27,798		Pinnacle Financial Partners, Inc		1,776,292
	267,002		PNC Financial Services Group, Inc		34,389,858
	55,532		Popular, Inc		2,340,119
	36,579		Prosperity Bancshares, Inc		2,344,714
	664,741		Regions Financial Corp		9,705,219
	12,191	*	Signature Bank		1,689,429
	267,375		SunTrust Banks, Inc		15,317,914

218

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	7,804	*	SVB Financial Group	$	1,392,546
	68,305		Synovus Financial Corp		2,969,901
	88,204		TCF Financial Corp		1,390,095
	28,690		TFS Financial Corp		458,466
	877,553		US Bancorp		46,317,247
	50,588		Webster Financial Corp		2,627,035
	2,488,710		Wells Fargo & Co		134,241,017
	23,674	*	Western Alliance Bancorp		1,192,696
	110,589		Zions Bancorporation		5,011,893
			TOTAL BANKS		802,265,294
CAPITAL GOODS - 6.5%
	7,546		Acuity Brands, Inc		1,529,197
	85,403	*	Aecom Technology Corp		2,724,356
	36,771		AGCO Corp		2,652,660
	50,264		Air Lease Corp		1,989,449
	104,511		Ametek, Inc		6,435,787
	216,335		Arconic, Inc		5,362,945
	35,686		Carlisle Cos, Inc		3,482,597
	29,129		Caterpillar, Inc		3,319,250
	48,958	*	Colfax Corp		2,020,986
	27,200		Crane Co		2,053,600
	59,797		Cummins, Inc		10,039,916
	5,687		Donaldson Co, Inc		270,076
	75,831		Dover Corp		6,369,804
	247,270		Eaton Corp		19,348,878
	305,248		Emerson Electric Co		18,195,833
	72,094		Flowserve Corp		2,965,226
	76,732		Fluor Corp		3,332,471
	16,449		Fortive Corp		1,064,908
	5,754		Fortune Brands Home & Security, Inc		377,865
	85,276		General Dynamics Corp		16,742,237
	3,978,606		General Electric Co		101,892,100
	16,397		Hexcel Corp		839,034
	175,329		Honeywell International, Inc		23,865,783
	10,661		Hubbell, Inc		1,266,420
	4,159		Huntington Ingalls		857,211
	2,890		IDEX Corp		336,801
	70,681		Ingersoll-Rand plc		6,211,446
	48,397		ITT, Inc		1,984,277
	67,023		Jacobs Engineering Group, Inc		3,533,453
	518,064		Johnson Controls International plc		20,178,593
	42,860		L3 Technologies, Inc		7,499,214
	1,449		Lennox International, Inc		247,779
	14,054		Lockheed Martin Corp		4,105,595
	61,047		Masco Corp		2,327,722
	14,527		MSC Industrial Direct Co (Class A)		1,034,468
	32,067		Orbital ATK, Inc		3,276,606
	41,387		Oshkosh Truck Corp		2,849,909
	61,077		Owens Corning, Inc		4,095,213
	189,360		PACCAR, Inc		12,961,692
	9,751		Parker-Hannifin Corp		1,618,471
	91,543		Pentair plc		5,773,617

219

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	60,890	*	Quanta Services, Inc	$	2,053,820
	101,433		Raytheon Co		17,423,146
	24,316		Regal-Beloit Corp		2,026,739
	3,181		Roper Industries, Inc		739,455
	45,522	*	Sensata Technologies Holding BV		2,053,953
	27,411		Snap-On, Inc		4,226,776
	65,836		Spirit Aerosystems Holdings, Inc (Class A)		3,978,469
	75,431		Stanley Works		10,612,387
	18,998	*	Teledyne Technologies, Inc		2,590,187
	50,017		Terex Corp		1,969,169
	148,645		Textron, Inc		7,302,929
	37,685		Timken Co		1,714,668
	82,848		Trinity Industries, Inc		2,270,864
	413,704		United Technologies Corp		49,052,883
	49,945	*	USG Corp		1,350,513
	12,659		Valmont Industries, Inc		1,933,029
	1,670		W.W. Grainger, Inc		278,456
	32,195		Wabtec Corp		2,426,215
	27,332	*	WESCO International, Inc		1,400,765
	46,801		Xylem, Inc		2,655,021
			TOTAL CAPITAL GOODS		435,092,889
COMMERCIAL & PROFESSIONAL SERVICES - 0.5%
	8,443	*	Clean Harbors, Inc		479,562
	12,330		Dun & Bradstreet Corp		1,365,671
	91,946	*	IHS Markit Ltd		4,289,281
	36,958		Manpower, Inc		3,960,050
	197,516		Nielsen NV		8,495,163
	101,286		Pitney Bowes, Inc		1,594,242
	128,156		Republic Services, Inc		8,230,178
	45,026	*	Stericycle, Inc		3,470,604
	42,423		Waste Management, Inc		3,188,088
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		35,072,839
CONSUMER DURABLES & APPAREL - 1.1%
	9,155		Brunswick Corp		518,265
	39,054		CalAtlantic Group, Inc		1,370,795
	128,941		Coach, Inc		6,078,279
	85,013		DR Horton, Inc		3,034,114
	67,795	*	Garmin Ltd		3,402,631
	15,282		Hasbro, Inc		1,618,058
	14,073		Leggett & Platt, Inc		678,037
	5,279		Lennar Corp (B Shares)		234,757
	109,864		Lennar Corp (Class A)		5,761,268
	152,952		Mattel, Inc		3,062,099
	78,667	*	Michael Kors Holdings Ltd		2,866,626
	32,108	*	Mohawk Industries, Inc		7,994,571
	265,261		Newell Rubbermaid, Inc		13,984,560
	116,693		Pulte Homes, Inc		2,849,643
	42,932		PVH Corp		5,121,358
	30,512		Ralph Lauren Corp		2,308,233
	41,624	*	Skechers U.S.A., Inc (Class A)		1,169,218
	16,078	*,e	Tempur Sealy International, Inc		927,218

220

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	44,787		Toll Brothers, Inc	$	1,728,330
	29,083	*,e	Under Armour, Inc		526,693
	28,568	*,e	Under Armour, Inc (Class A)		571,931
	46,884		VF Corp		2,915,716
	36,796		Whirlpool Corp		6,545,273
			TOTAL CONSUMER DURABLES & APPAREL		75,267,673
CONSUMER SERVICES - 0.8%
	77,242		ARAMARK Holdings Corp		3,078,866
	225,052		Carnival Corp		15,028,973
	39,599		Extended Stay America, Inc		782,872
	2,403		Graham Holdings Co		1,423,537
	96,636		H&R Block, Inc		2,947,398
	12,783		Hilton Worldwide Holdings, Inc		799,321
	17,990	*	Hyatt Hotels Corp		999,704
	60,908		International Game Technology plc		1,159,689
	259,915		MGM Resorts International		8,559,001
	88,641	*	Norwegian Cruise Line Holdings Ltd		4,881,460
	94,876		Royal Caribbean Cruises Ltd		10,727,629
	28,228	*	Yum China Holdings, Inc		1,010,280
			TOTAL CONSUMER SERVICES		51,398,730
DIVERSIFIED FINANCIALS - 6.1%
	31,090		Affiliated Managers Group, Inc		5,777,455
	197,256		AGNC Investment Corp		4,177,882
	253,467		Ally Financial, Inc		5,738,493
	411,650		American Express Co		35,084,929
	8,284		Ameriprise Financial, Inc		1,200,186
	564,225		Annaly Capital Management, Inc		6,787,627
	557,622		Bank of New York Mellon Corp		29,570,695
	94,499		BGC Partners, Inc (Class A)		1,191,632
	68,769		BlackRock, Inc		29,332,042
	249,359		Capital One Financial Corp		21,489,759
	132,600		Charles Schwab Corp		5,688,540
	103,100		Chimera Investment Corp		1,940,342
	187,493		CME Group, Inc		22,990,392
	593	*	Credit Acceptance Corp		147,716
	210,655		Discover Financial Services		12,837,316
	152,413	*	E*TRADE Financial Corp		6,248,933
	40,163		Federated Investors, Inc (Class B)		1,157,899
	185,835		Franklin Resources, Inc		8,321,691
	202,994		Goldman Sachs Group, Inc		45,740,638
	36,279		Interactive Brokers Group, Inc (Class A)		1,452,974
	169,152		IntercontinentalExchange Group, Inc		11,284,130
	189,309		Invesco Ltd		6,582,274
	142,546		iShares Russell 1000 Value Index Fund		16,706,391
	6,589		Lazard Ltd (Class A)		307,772
	36,796		Legg Mason, Inc		1,472,208
	134,505		Leucadia National Corp		3,501,165
	216,062		MFA Mortgage Investments, Inc		1,834,366
	730,244		Morgan Stanley		34,248,444
	1,469		Morningstar, Inc		121,295
	63,919		NASDAQ OMX Group, Inc		4,753,656

221

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	155,906		Navient Corp	$	2,299,613
	169,515		New Residential Investment Corp		2,881,755
	115,447		Northern Trust Corp		10,102,767
	29,775	*	OneMain Holdings, Inc		796,183
	52,595		Raymond James Financial, Inc		4,375,378
	82,997	*	Santander Consumer USA Holdings, Inc		1,063,192
	237,588	*	SLM Corp		2,632,475
	143,820		Starwood Property Trust, Inc		3,169,793
	195,981		State Street Corp		18,271,309
	448,220		Synchrony Financial		13,590,030
	110,132		T Rowe Price Group, Inc		9,110,119
	16,208		TD Ameritrade Holding Corp		741,192
	188,576		Two Harbors Investment Corp		1,865,017
	97,136		Voya Financial, Inc		3,811,617
			TOTAL DIVERSIFIED FINANCIALS		402,399,282
ENERGY - 10.6%
	309,693		Anadarko Petroleum Corp		14,143,679
	84,800	*	Andeavor		8,440,144
	65,151	*	Antero Resources Corp		1,343,414
	199,374		Apache Corp		9,865,026
	236,262		Baker Hughes a GE Co		8,715,705
	75,302		Cabot Oil & Gas Corp		1,872,761
	62,162	*,e	Centennial Resource Development, Inc		1,043,078
	38,850	*	Cheniere Energy, Inc		1,756,020
	465,611	*,e	Chesapeake Energy Corp		2,309,431
	1,046,077		Chevron Corp		114,221,148
	3,556		Cimarex Energy Co		352,151
	81,230	*	Concho Resources, Inc		10,581,020
	685,038		ConocoPhillips		31,080,174
	126,028	*	Consol Energy, Inc		2,112,229
	27,556	*	Continental Resources, Inc		921,197
	268,620	*	Devon Energy Corp		8,947,732
	41,838	*	Diamondback Energy, Inc		4,011,427
	53,613	*	Energen Corp		2,856,501
	289,081		EOG Resources, Inc		27,503,166
	95,682		EQT Corp		6,094,943
	67,911	*,e	Extraction Oil & Gas, Inc		827,156
	2,346,955		Exxon Mobil Corp		187,850,278
	80,351	*	Gulfport Energy Corp		1,014,030
	155,212		Halliburton Co		6,587,197
	58,412	e	Helmerich & Payne, Inc		2,956,815
	156,529		Hess Corp		6,971,802
	97,836		HollyFrontier Corp		2,821,590
	1,068,285		Kinder Morgan, Inc		21,825,063
	108,450	*	Kosmos Energy LLC		715,770
	469,293		Marathon Oil Corp		5,739,453
	284,305		Marathon Petroleum Corp		15,918,237
	90,320		Murphy Oil Corp		2,400,706
	154,622		Nabors Industries Ltd		1,192,136
	210,687		National Oilwell Varco, Inc		6,891,572
	265,365		Noble Energy, Inc		7,671,702
	420,963		Occidental Petroleum Corp		26,070,239

222

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	54,733		Oceaneering International, Inc	$	1,403,901
	44,049	*	Parsley Energy, Inc		1,289,755
	116,241		Patterson-UTI Energy, Inc		2,248,101
	60,412	e	PBF Energy, Inc		1,375,581
	242,133		Phillips 66		20,278,639
	93,416		Pioneer Natural Resources Co		15,236,150
	134,940	*	Questar Market Resources, Inc		1,156,436
	126,989		Range Resources Corp		2,680,738
	45,762	*	Rice Energy, Inc		1,279,963
	3,294	e	RPC, Inc		68,219
	36,537	*	RSP Permian, Inc		1,255,411
	769,098		Schlumberger Ltd		52,760,123
	62,196		SM Energy Co		1,081,588
	280,085	*	Southwestern Energy Co		1,596,484
	107,642		Targa Resources Investments, Inc		4,995,665
	217,101	*	Transocean Ltd (NYSE)		1,877,924
	247,028		Valero Energy Corp		17,037,521
	493,062	*	Weatherford International Ltd		2,199,057
	201,081	*	Whiting Petroleum Corp		1,055,675
	390,267		Williams Cos, Inc		12,402,685
	36,986		World Fuel Services Corp		1,196,127
	220,157	*	WPX Energy, Inc		2,373,292
			TOTAL ENERGY		702,473,727
FOOD & STAPLES RETAILING - 2.4%
	21,255		Casey’s General Stores, Inc		2,268,971
	563,444		CVS Health Corp		45,036,079
	230,894		Kroger Co		5,661,521
	316,436	*	Rite Aid Corp		708,817
	74,122	*	US Foods Holding Corp		2,086,534
	421,345		Walgreens Boots Alliance, Inc		33,989,901
	807,778		Wal-Mart Stores, Inc		64,614,162
	148,555		Whole Foods Market, Inc		6,203,657
			TOTAL FOOD & STAPLES RETAILING		160,569,642
FOOD, BEVERAGE & TOBACCO - 4.2%
	307,889		Archer Daniels Midland Co		12,986,758
	1,668		Brown-Forman Corp		85,969
	5,514		Brown-Forman Corp (Class B)		272,392
	77,467		Bunge Ltd		6,072,638
	33,556		Campbell Soup Co		1,772,763
	536,067		Coca-Cola Co		24,573,311
	223,948		ConAgra Foods, Inc		7,667,980
	97,549		Flowers Foods, Inc		1,715,887
	90,940		General Mills, Inc		5,061,720
	55,842	*	Hain Celestial Group, Inc		2,496,696
	7,900		Hershey Co		831,949
	149,776		Hormel Foods Corp		5,117,846
	39,692		Ingredion, Inc		4,894,817
	62,318		J.M. Smucker Co		7,596,564
	10,394		Kellogg Co		706,792
	332,409		Kraft Heinz Co		29,072,491
	62,134		Lamb Weston Holdings, Inc		2,732,653

223

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	94,805		Molson Coors Brewing Co (Class B)	$	8,435,749
	813,427		Mondelez International, Inc		35,807,057
	103,099		PepsiCo, Inc		12,022,374
	782,647		Philip Morris International, Inc		91,342,731
	3,651		Pilgrim’s Pride Corp		88,683
	65,428		Pinnacle Foods, Inc		3,885,115
	36,090	*	Post Holdings, Inc		3,002,688
	142		Seaboard Corp		607,050
	21,179	*	TreeHouse Foods, Inc		1,796,615
	153,908		Tyson Foods, Inc (Class A)		9,751,611
			TOTAL FOOD, BEVERAGE & TOBACCO		280,398,899
HEALTH CARE EQUIPMENT & SERVICES - 5.2%
	935,515		Abbott Laboratories		46,008,628
	43,428	*,e	Acadia Healthcare Co, Inc		2,298,644
	121,604		Aetna Inc		18,764,713
	47,488	*	Alere, Inc		2,392,920
	146,752		Anthem, Inc		27,326,690
	249,340		Baxter International, Inc		15,080,083
	103,555	*	Brookdale Senior Living, Inc		1,470,481
	174,845		Cardinal Health, Inc		13,508,525
	82,339	*	Centene Corp		6,539,363
	17,721		Cigna Corp		3,075,657
	5,994		Cooper Cos, Inc		1,461,757
	338,996		Danaher Corp		27,624,784
	85,742	*	DaVita, Inc		5,554,367
	124,770		Dentsply Sirona, Inc		7,739,483
	64,312	*	Envision Healthcare Corp		3,629,126
	310,689	*	Express Scripts Holding Co		19,461,559
	151,488	*	HCA Holdings, Inc		12,170,546
	2,403		Hill-Rom Holdings, Inc		179,072
	65,680	*	Hologic, Inc		2,903,713
	4,647		Humana, Inc		1,074,386
	56,279	*	Laboratory Corp of America Holdings		8,943,296
	17,106	*	LifePoint Hospitals, Inc		1,016,096
	105,047		McKesson Corp		17,003,958
	50,219	*	MEDNAX, Inc		2,359,289
	704,212		Medtronic plc		59,132,682
	41,261		Patterson Cos, Inc		1,721,409
	20,706	*	Premier, Inc		722,639
	75,087		Quest Diagnostics, Inc		8,132,673
	46,890		STERIS plc		3,837,946
	20,801		Teleflex, Inc		4,310,383
	48,160		Universal Health Services, Inc (Class B)		5,337,573
	2,058	*	WellCare Health Plans, Inc		364,245
	111,580		Zimmer Holdings, Inc		13,536,886
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		344,683,572
HOUSEHOLD & PERSONAL PRODUCTS - 2.5%
	10,388		Clorox Co		1,386,694
	400,958		Colgate-Palmolive Co		28,949,168
	260,975		Coty, Inc		5,344,768
	31,408	*	Edgewell Personal Care Co		2,267,658

224

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	29,431		Kimberly-Clark Corp	$	3,624,722
	20,997		Nu Skin Enterprises, Inc (Class A)		1,330,370
	1,344,469		Procter & Gamble Co		122,104,674
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		165,008,054
INSURANCE - 7.6%
	215,077		Aflac, Inc		17,152,391
	8,259	*	Alleghany Corp		5,065,575
	145,670		Allstate Corp		13,255,970
	38,289		American Financial Group, Inc		3,882,505
	448,641		American International Group, Inc		29,363,553
	4,164		American National Insurance Co		495,516
	54,316	*	Arch Capital Group Ltd		5,282,774
	30,389		Arthur J. Gallagher & Co		1,786,569
	22,185		Aspen Insurance Holdings Ltd		1,082,628
	23,976		Assurant, Inc		2,523,954
	66,129		Assured Guaranty Ltd		2,976,466
	24,271	*	Athene Holding Ltd		1,226,414
	47,054		Axis Capital Holdings Ltd		3,038,747
	1,065,774	*	Berkshire Hathaway, Inc (Class B)		186,478,477
	64,104		Brown & Brown, Inc		2,859,038
	257,897		Chubb Ltd		37,771,595
	85,360		Cincinnati Financial Corp		6,501,018
	15,353		CNA Financial Corp		797,588
	3,578		Erie Indemnity Co (Class A)		456,052
	22,615		Everest Re Group Ltd		5,933,950
	58,535		First American Financial Corp		2,833,679
	144,658		FNF Group		7,067,990
	23,116		Hanover Insurance Group, Inc		2,192,784
	200,536		Hartford Financial Services Group, Inc		11,029,480
	123,936		Lincoln National Corp		9,054,764
	154,188		Loews Corp		7,505,872
	7,552	*	Markel Corp		8,092,044
	14,874		Mercury General Corp		890,804
	506,470		Metlife, Inc		27,855,850
	132,754		Old Republic International Corp		2,604,633
	147,310		Principal Financial Group		9,832,943
	28,573		ProAssurance Corp		1,765,811
	237,260		Prudential Financial, Inc		26,864,950
	35,863		Reinsurance Group of America, Inc (Class A)		5,027,993
	20,993		RenaissanceRe Holdings Ltd		3,084,082
	64,594		Torchmark Corp		5,100,988
	155,040		Travelers Cos, Inc		19,859,074
	126,711		UnumProvident Corp		6,352,022
	42,091		Validus Holdings Ltd		2,264,075
	53,388		W.R. Berkley Corp		3,682,170
	2,367		White Mountains Insurance Group Ltd		2,046,508
	69,946		Willis Towers Watson plc		10,413,560
	94,888		XL Group Ltd		4,213,027
			TOTAL INSURANCE		507,565,883
MATERIALS - 2.8%
	118,399		Air Products & Chemicals, Inc		16,830,418

225

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	49,409		Albemarle Corp	$	5,721,562
	102,670		Alcoa Corp		3,737,188
	25,822		Aptargroup, Inc		2,089,774
	5,959		Ardagh Group S.A.		133,720
	34,244		Ashland Global Holdings, Inc		2,224,833
	2,613		Avery Dennison Corp		242,826
	84,383		Ball Corp		3,535,648
	49,842		Bemis Co, Inc		2,111,806
	33,365		Cabot Corp		1,812,720
	30,646		Celanese Corp (Series A)		2,947,226
	129,251		CF Industries Holdings, Inc		3,793,517
	21,694	*	Crown Holdings, Inc		1,290,142
	33,932		Domtar Corp		1,325,384
	676,927		Dow Chemical Co		43,485,791
	80,482		Eastman Chemical Co		6,692,883
	600,434	*	Freeport-McMoRan Copper & Gold, Inc (Class B)		8,778,345
	50,228		Graphic Packaging Holding Co		662,507
	57,689		Huntsman Corp		1,535,681
	20,468		International Paper Co		1,125,331
	102,747		LyondellBasell Industries AF S.C.A		9,256,477
	3,230		Martin Marietta Materials, Inc		731,369
	193,833		Mosaic Co		4,679,129
	346		NewMarket Corp		159,198
	295,231		Newmont Mining Corp		10,973,736
	175,893		Nucor Corp		10,143,749
	91,034		Olin Corp		2,683,682
	20,430	*	Owens-Illinois, Inc		488,277
	67,727	*	Platform Specialty Products Corp		948,855
	9,772		PPG Industries, Inc		1,028,503
	19,913		Praxair, Inc		2,591,876
	38,612		Reliance Steel & Aluminum Co		2,793,964
	22,673		Royal Gold, Inc		1,964,842
	6,041		RPM International, Inc		313,347
	2,105		Scotts Miracle-Gro Co (Class A)		202,059
	51,922		Sealed Air Corp		2,259,126
	55,407		Sonoco Products Co		2,686,131
	4,813		Southern Copper Corp (NY)		189,343
	112,154		Steel Dynamics, Inc		3,971,373
	169,785		Tahoe Resources, Inc		928,724
	96,350	e	United States Steel Corp		2,263,262
	111,831		Valvoline, Inc		2,535,209
	4,954		Vulcan Materials Co		609,937
	9,660		Westlake Chemical Corp		679,678
	137,130		WestRock Co		7,874,005
			TOTAL MATERIALS		183,033,153
MEDIA - 2.5%
	35,663	*	Charter Communications, Inc		13,976,686
	58,641		Cinemark Holdings, Inc		2,281,135
	195,560		Comcast Corp (Class A)		7,910,402
	83,728	*	Discovery Communications, Inc (Class A)		2,059,709
	115,464	*	Discovery Communications, Inc (Class C)		2,670,682
	28,005	*	DISH Network Corp (Class A)		1,793,160

226

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	32,412		Interpublic Group of Cos, Inc	$	700,423
	24,111		John Wiley & Sons, Inc (Class A)		1,332,133
	13,981	*	Liberty Broadband Corp (Class A)		1,383,001
	58,004	*	Liberty Broadband Corp (Class C)		5,752,837
	14,242	*,e	Liberty Media Group (Class A)		480,668
	65,500	*	Liberty Media Group (Class C)		2,303,635
	49,082	*	Liberty SiriusXM Group (Class A)		2,264,153
	98,836	*	Liberty SiriusXM Group (Class C)		4,546,456
	10,231	*	Lions Gate Entertainment Corp (Class A)		300,791
	19,089	*	Lions Gate Entertainment Corp (Class B)		525,138
	9,186	*	Madison Square Garden Co		2,018,348
	210,400		News Corp		3,010,824
	66,212		News Corp (Class B)		973,316
	46,694		Regal Entertainment Group (Class A)		888,120
	21,167		Scripps Networks Interactive (Class A)		1,850,207
	46,772	e	Sirius XM Holdings, Inc		274,084
	120,203		TEGNA, Inc		1,782,610
	430,109		Time Warner, Inc		44,051,764
	40,371		Tribune Co		1,701,638
	547,083		Twenty-First Century Fox, Inc		15,920,115
	230,916		Twenty-First Century Fox, Inc (Class B)		6,624,980
	5,513	e	Viacom, Inc		223,277
	194,502		Viacom, Inc (Class B)		6,792,010
	274,565		Walt Disney Co		30,182,930
			TOTAL MEDIA		166,575,232
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.8%
	135,232		Agilent Technologies, Inc		8,085,521
	1,720	*	Agios Pharmaceuticals, Inc		96,217
	2,522	*	Akorn, Inc		84,790
	23,230	*	Alexion Pharmaceuticals, Inc		3,190,408
	185,823		Allergan plc		46,888,718
	5,648	*	Alnylam Pharmaceuticals, Inc		467,316
	290,385		Amgen, Inc		50,675,086
	6,945	*	Biogen Idec, Inc		2,011,203
	11,419	*	Bio-Rad Laboratories, Inc (Class A)		2,690,659
	463,121		Bristol-Myers Squibb Co		26,351,585
	36,937		Bruker BioSciences Corp		1,059,353
	122,674	*	Endo International plc		1,351,867
	205,571		Gilead Sciences, Inc		15,641,897
	8,942	*,e	Intrexon Corp		193,058
	1,265,496		Johnson & Johnson		167,956,629
	35,724	*,e	Juno Therapeutics, Inc		1,015,633
	54,695	*	Mallinckrodt plc		2,505,031
	1,433,891		Merck & Co, Inc		91,596,957
	294,749	*	Mylan NV		11,492,264
	160,345	*,e	Opko Health, Inc		1,034,225
	48,429		PerkinElmer, Inc		3,188,081
	70,124		Perrigo Co plc		5,253,690
	3,277,859		Pfizer, Inc		108,693,804
	85,006		QIAGEN NV		2,791,597
	23,745	*	Quintiles Transnational Holdings, Inc		2,150,110
	118,549		Thermo Fisher Scientific, Inc		20,808,906

227

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	24,518	*	United Therapeutics Corp	$	3,148,111
	46,608	*	VWR Corp		1,538,064
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		581,960,780
REAL ESTATE - 5.0%
	49,628		Alexandria Real Estate Equities, Inc		6,017,395
	72,941		American Campus Communities, Inc		3,496,792
	125,592		American Homes 4 Rent		2,889,872
	86,459		Apartment Investment & Management Co (Class A)		3,938,207
	114,649		Apple Hospitality REIT, Inc		2,116,421
	76,064		AvalonBay Communities, Inc		14,630,910
	72,720		Boston Properties, Inc		8,792,575
	95,679		Brandywine Realty Trust		1,608,364
	169,523		Brixmor Property Group, Inc		3,320,956
	47,284		Camden Property Trust		4,241,375
	91,516	*	CBRE Group, Inc		3,476,693
	297,264		Colony NorthStar, Inc		4,351,945
	66,725		Columbia Property Trust, Inc		1,451,269
	65,257		CoreCivic, Inc		1,807,619
	55,328		Corporate Office Properties Trust		1,841,869
	32,670		CubeSmart		805,642
	6,266		CyrusOne, Inc		374,143
	51,322		DCT Industrial Trust, Inc		2,891,481
	172,042		DDR Corp		1,753,108
	26,543		Digital Realty Trust, Inc		3,061,470
	15,555		Douglas Emmett, Inc		595,134
	196,864		Duke Realty Corp		5,628,342
	71,023		Empire State Realty Trust, Inc		1,483,670
	34,191		Entertainment Properties Trust		2,474,745
	65,662	*	Equity Commonwealth		2,073,606
	196,779		Equity Residential		13,392,779
	36,114		Essex Property Trust, Inc		9,451,034
	10,101		Extra Space Storage, Inc		803,029
	24,026		Federal Realty Investment Trust		3,186,568
	126,864		Forest City Realty Trust, Inc		3,092,944
	73,665		Gaming and Leisure Properties, Inc		2,794,850
	340,502		GGP, Inc		7,698,750
	258,564		HCP, Inc		8,183,551
	109,251		Healthcare Trust of America, Inc		3,341,988
	55,161		Highwoods Properties, Inc		2,841,895
	88,347		Hospitality Properties Trust		2,567,364
	403,003		Host Marriott Corp		7,520,036
	18,810	*	Howard Hughes Corp		2,366,486
	77,411		Hudson Pacific Properties		2,532,888
	49,311		Invitation Homes, Inc		1,051,311
	18,063		Iron Mountain, Inc		658,035
	47,363	*	JBG SMITH Properties		1,680,421
	25,085		Jones Lang LaSalle, Inc		3,191,314
	53,342		Kilroy Realty Corp		3,702,468
	228,829		Kimco Realty Corp		4,617,769
	4,815		Lamar Advertising Co		339,795
	81,675		Liberty Property Trust		3,431,983
	25,879		Life Storage, Inc		1,890,202

228

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	75,285		Macerich Co	$	4,320,606
	201,045		Medical Properties Trust, Inc		2,609,564
	62,759		Mid-America Apartment Communities, Inc		6,497,439
	81,990		National Retail Properties, Inc		3,277,960
	107,791		Omega Healthcare Investors, Inc		3,405,118
	65,923		Outfront Media, Inc		1,507,659
	110,658		Paramount Group, Inc		1,811,471
	71,535		Park Hotels & Resorts, Inc		1,926,438
	78,986		Piedmont Office Realty Trust, Inc		1,659,496
	290,650		Prologis, Inc		17,674,426
	70,712		Rayonier, Inc		2,055,598
	75,291		Realogy Holdings Corp		2,499,661
	150,956		Realty Income Corp		8,613,549
	82,297		Regency Centers Corp		5,449,707
	131,491		Retail Properties of America, Inc		1,739,626
	129,808		Senior Housing Properties Trust		2,524,766
	16,139		Simon Property Group, Inc		2,558,031
	54,596		SL Green Realty Corp		5,638,129
	267,664		Spirit Realty Capital, Inc		2,122,576
	94,309		STORE Capital Corp		2,205,888
	39,705		Sun Communities, Inc		3,534,142
	48,845		Tanger Factory Outlet Centers, Inc		1,290,973
	16,850		Taubman Centers, Inc		958,260
	146,908		UDR, Inc		5,742,634
	91,447		Uniti Group, Inc		2,341,043
	195,941		Ventas, Inc		13,196,626
	540,558		VEREIT, Inc		4,492,037
	94,725		Vornado Realty Trust		7,516,429
	66,570		Weingarten Realty Investors		2,160,862
	202,595		Welltower, Inc		14,868,447
	413,478		Weyerhaeuser Co		13,653,044
	57,450		WP Carey, Inc		3,935,900
			TOTAL REAL ESTATE		329,249,168
RETAILING - 1.5%
	28,430		Advance Auto Parts, Inc		3,184,444
	35,627	*,e	Autonation, Inc		1,509,872
	2,226	*	AutoZone, Inc		1,201,639
	76,426		Bed Bath & Beyond, Inc		2,285,137
	145,480		Best Buy Co, Inc		8,487,303
	16,474	*	Burlington Stores, Inc		1,433,732
	27,543	*	Cabela’s, Inc		1,569,400
	10,653		Dick’s Sporting Goods, Inc		397,783
	94,066		Dollar General Corp		7,070,001
	6,676	*	Dollar Tree, Inc		481,206
	66,551		Foot Locker, Inc		3,140,542
	55,722		GameStop Corp (Class A)		1,208,610
	127,090		Gap, Inc		3,028,555
	49,945		Genuine Parts Co		4,241,829
	95,133		Kohl’s Corp		3,933,750
	111,934		L Brands, Inc		5,192,618
	24,326	*	Liberty Expedia Holdings, Inc		1,387,798
	99,006	*	Liberty Interactive Corp		2,370,204

229

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	44,226	*	Liberty Ventures	$	2,679,211
	145,349	*	LKQ Corp		5,023,261
	168,994		Macy’s, Inc		4,013,608
	15,068	*	Michaels Cos, Inc		303,470
	19,162	*	Murphy USA, Inc		1,451,138
	20,618		Penske Auto Group, Inc		897,708
	49,063	*	Sally Beauty Holdings, Inc		992,545
	38,052	e	Signet Jewelers Ltd		2,327,260
	358,883		Staples, Inc		3,642,663
	306,117		Target Corp		17,347,650
	59,592		Tiffany & Co		5,691,632
	31,598	*	TripAdvisor, Inc		1,232,954
	47,719	*	Urban Outfitters, Inc		934,815
	37,849		Williams-Sonoma, Inc		1,757,329
			TOTAL RETAILING		100,419,667
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.4%
	166,329		Cypress Semiconductor Corp		2,361,872
	45,193	*	First Solar, Inc		2,228,467
	2,612,345		Intel Corp		92,659,877
	222,527		Marvell Technology Group Ltd		3,462,520
	140,724	*	Micron Technology, Inc		3,957,159
	11,877	*	Microsemi Corp		618,554
	80,598	*	NXP Semiconductors NV		8,892,378
	12,896	*	ON Semiconductor Corp		192,795
	33,486	*	Qorvo, Inc		2,295,800
	819,543		Qualcomm, Inc		43,591,492
	7,200		Teradyne, Inc		249,048
	53,951		Versum Materials, Inc		1,902,312
	9,360		Xilinx, Inc		592,114
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		163,004,388
SOFTWARE & SERVICES - 2.6%
	92,518	*	Akamai Technologies, Inc		4,361,299
	81,106		Amdocs Ltd		5,447,890
	20,910	*	Autodesk, Inc		2,316,619
	4,918		Booz Allen Hamilton Holding Co		168,687
	174,877		CA, Inc		5,428,182
	103,795	*	Conduent, Inc		1,713,655
	31,345		DST Systems, Inc		1,720,841
	560,246	*	eBay, Inc		20,017,590
	77,966		Fidelity National Information Services, Inc		7,112,059
	97,272	*,e	FireEye, Inc		1,423,089
	18,519	*	First American Corp		843,540
	24,546	*	Guidewire Software, Inc		1,771,239
	149,340		International Business Machines Corp		21,605,018
	78,239		Leidos Holdings, Inc		4,181,092
	10,880		LogMeIn, Inc		1,266,976
	156,457	*	Nuance Communications, Inc		2,706,706
	1,464,511		Oracle Corp		73,123,034
	24,757		Sabre Corp		547,872
	8,198		SS&C Technologies Holdings, Inc		317,755
	75,562	*	Synopsys, Inc		5,785,782

230

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	70,218	*	Teradata Corp	$	2,234,337
	346,569	*	Twitter, Inc		5,576,295
	4,287	*	WEX, Inc		465,911
	9,092	*	Zillow Group, Inc		413,050
	18,378	*	Zillow Group, Inc (Class C)		829,951
	420,147	*	Zynga, Inc		1,516,731
			TOTAL SOFTWARE & SERVICES		172,895,200
TECHNOLOGY HARDWARE & EQUIPMENT - 3.0%
	99,632	*	ARRIS International plc		2,785,711
	48,521	*	Arrow Electronics, Inc		3,944,272
	67,813		Avnet, Inc		2,602,663
	223,591		Brocade Communications Systems, Inc		2,823,954
	2,777,955		Cisco Systems, Inc		87,366,685
	52,268	*	CommScope Holding Co, Inc		1,922,417
	471,910		Corning, Inc		13,751,457
	29,640		Dolby Laboratories, Inc (Class A)		1,533,870
	25,728	*	EchoStar Corp (Class A)		1,562,461
	34,645		Flir Systems, Inc		1,292,951
	50,029		Harris Corp		5,726,820
	918,678		Hewlett Packard Enterprise Co		16,086,052
	938,636		HP, Inc		17,927,948
	97,710		Jabil Circuit, Inc		2,980,155
	205,968		Juniper Networks, Inc		5,756,806
	100,950	*	Keysight Technologies, Inc		4,198,511
	81,337		Motorola, Inc		7,375,639
	12,240		National Instruments Corp		503,554
	21,934		NetApp, Inc		952,374
	28,424	*	Trimble Navigation Ltd		1,063,910
	138,101		Western Digital Corp		11,755,157
	129,054		Xerox Corp		3,958,086
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		197,871,453
TELECOMMUNICATION SERVICES - 3.2%
	3,408,936		AT&T, Inc		132,948,504
	296,588	e	CenturyLink, Inc		6,901,603
	163,244	*	Level 3 Communications, Inc		9,579,158
	350,383	*	Sprint Corp		2,796,056
	53,553		Telephone & Data Systems, Inc		1,522,512
	61,398	*	T-Mobile US, Inc		3,785,801
	7,672	*	US Cellular Corp		290,615
	1,131,649		Verizon Communications, Inc		54,771,811
			TOTAL TELECOMMUNICATION SERVICES		212,596,060
TRANSPORTATION - 1.3%
	12,000		Alaska Air Group, Inc		1,022,760
	2,744		Amerco, Inc		1,066,209
	140,236		American Airlines Group, Inc		7,073,504
	15,948		Copa Holdings S.A. (Class A)		2,000,836
	48,993		CSX Corp		2,417,315
	372,761		Delta Air Lines, Inc		18,399,483
	29,060		Expeditors International of Washington, Inc		1,711,053
	33,776	*	Genesee & Wyoming, Inc (Class A)		2,200,844

231

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	184,826	*	JetBlue Airways Corp	$	4,053,234
	58,375		Kansas City Southern Industries, Inc		6,023,716
	29,314	*	Kirby Corp		1,785,222
	43,866		Macquarie Infrastructure Co LLC		3,325,481
	160,153		Norfolk Southern Corp		18,030,025
	12,892		Old Dominion Freight Line		1,236,472
	29,360		Ryder System, Inc		2,136,234
	38,664	*	Spirit Airlines, Inc		1,502,096
	42,078		Union Pacific Corp		4,332,351
	155,315	*	United Continental Holdings, Inc		10,511,719
	16,133	*	XPO Logistics, Inc		969,755
			TOTAL TRANSPORTATION		89,798,309
UTILITIES - 6.2%
	365,458		AES Corp		4,085,820
	125,748		Alliant Energy Corp		5,096,566
	134,076		Ameren Corp		7,521,664
	271,789		American Electric Power Co, Inc		19,171,996
	98,545		American Water Works Co, Inc		7,992,000
	98,169		Aqua America, Inc		3,276,881
	56,912		Atmos Energy Corp		4,937,685
	30,888		Avangrid, Inc		1,402,933
	198,531	*	Calpine Corp		2,854,876
	237,678		Centerpoint Energy, Inc		6,700,143
	154,362		CMS Energy Corp		7,137,699
	169,637		Consolidated Edison, Inc		14,056,122
	347,367		Dominion Resources, Inc		26,809,785
	99,587		DTE Energy Co		10,661,784
	387,538		Duke Energy Corp		32,987,235
	175,632		Edison International		13,818,726
	100,059		Entergy Corp		7,676,527
	175,316		Eversource Energy		10,657,460
	512,605		Exelon Corp		19,653,276
	244,668		FirstEnergy Corp		7,807,356
	119,416		Great Plains Energy, Inc		3,685,178
	58,895		Hawaiian Electric Industries, Inc		1,942,946
	107,263		MDU Resources Group, Inc		2,826,380
	44,359		National Fuel Gas Co		2,626,496
	259,417		NextEra Energy, Inc		37,898,229
	179,315		NiSource, Inc		4,672,949
	133,363		NRG Energy, Inc		3,283,397
	110,142		OGE Energy Corp		3,949,692
	283,035		PG&E Corp		19,158,639
	61,636		Pinnacle West Capital Corp		5,345,690
	377,666		PPL Corp		14,475,938
	279,300		Public Service Enterprise Group, Inc		12,560,121
	72,204		SCANA Corp		4,647,771
	138,430		Sempra Energy		15,643,974
	551,097		Southern Co		26,414,079
	95,412		UGI Corp		4,815,444
	46,318		Vectren Corp		2,784,175
	133,744		Vistra Energy Corp		2,197,414
	174,566		WEC Energy Group, Inc		10,992,421

232

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES		COMPANY	VALUE
	78,415	Westar Energy, Inc	$	3,979,561
	282,433	Xcel Energy, Inc		13,361,905
		TOTAL UTILITIES		411,568,933
		TOTAL COMMON STOCKS		6,638,544,291
		(Cost $5,701,165,718)

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.5%
GOVERNMENT AGENCY DEBT - 0.1%
$	7,900,000		Federal Home Loan Bank (FHLB)		0.800	%	08/01/17		7,900,000
			TOTAL GOVERNMENT AGENCY DEBT						7,900,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.4%
	27,729,651	c	State Street Navigator Securities Lending Government Money Market Portfolio						27,729,651
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						27,729,651
			TOTAL SHORT-TERM INVESTMENTS						35,629,651
			(Cost $35,629,651)
			TOTAL INVESTMENTS - 100.4%						6,674,173,942
			(Cost $5,736,795,369)
			OTHER ASSETS & LIABILITIES, NET - (0.4)%						(27,959,420	)
			NET ASSETS - 100.0%					$	6,646,214,522

	Abbreviation(s):
	REIT   Real Estate Investment Trust
*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $26,978,442.

233

TIAA-CREF FUNDS - S&P 500 Index Fund

TIAA-CREF FUNDS
S&P 500 INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2017

SHARES		COMPANY	VALUE
COMMON STOCKS - 99.8%
AUTOMOBILES & COMPONENTS - 0.7%
	41,322	BorgWarner, Inc	$	1,931,390
	55,131	Delphi Automotive plc		4,984,945
	805,339	Ford Motor Co		9,035,904
	282,995	General Motors Co		10,182,160
	51,898	Goodyear Tire & Rubber Co		1,635,306
	36,175	Harley-Davidson, Inc		1,760,637
		TOTAL AUTOMOBILES & COMPONENTS		29,530,342
BANKS - 6.4%
	2,053,826	Bank of America Corp		49,538,283
	167,353	BB&T Corp		7,919,144
	568,215	Citigroup, Inc		38,894,317
	104,389	Citizens Financial Group, Inc		3,661,966
	36,555	Comerica, Inc		2,643,292
	154,612	Fifth Third Bancorp		4,128,140
	224,077	Huntington Bancshares, Inc		2,969,020
	733,221	JPMorgan Chase & Co		67,309,688
	225,718	Keycorp		4,071,953
	31,710	M&T Bank Corp		5,173,486
	70,886	People’s United Financial, Inc		1,236,252
	99,791	PNC Financial Services Group, Inc		12,853,081
	247,866	Regions Financial Corp		3,618,844
	99,733	SunTrust Banks, Inc		5,713,704
	326,948	US Bancorp		17,256,315
	928,199	Wells Fargo & Co		50,067,054
	41,846	Zions Bancorporation		1,896,461
		TOTAL BANKS		278,951,000
CAPITAL GOODS - 7.4%
	123,342	3M Co		24,812,710
	27,130	A.O. Smith Corp		1,452,812
	9,133	Acuity Brands, Inc		1,850,802
	19,768	Allegion plc		1,605,952
	47,492	Ametek, Inc		2,924,557
	91,158	Arconic, Inc		2,259,807
	115,849	Boeing Co		28,088,748
	121,383	Caterpillar, Inc		13,831,593
	31,813	Cummins, Inc		5,341,403
	60,608	Deere & Co		7,774,794
	32,134	Dover Corp		2,699,256
	92,146	Eaton Corp		7,210,424
	132,889	Emerson Electric Co		7,921,513
	24,773	Equifax, Inc		3,602,985
	59,712	Fastenal Co		2,565,228

234

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	27,019		Flowserve Corp	$	1,111,291
	28,817		Fluor Corp		1,251,522
	62,143		Fortive Corp		4,023,138
	31,827		Fortune Brands Home & Security, Inc		2,090,079
	58,472		General Dynamics Corp		11,479,808
	1,797,238		General Electric Co		46,027,265
	157,340		Honeywell International, Inc		21,417,121
	64,097		Illinois Tool Works, Inc		9,019,089
	52,720		Ingersoll-Rand plc		4,633,034
	25,031		Jacobs Engineering Group, Inc		1,319,634
	193,201		Johnson Controls International plc		7,525,179
	16,068		L3 Technologies, Inc		2,811,418
	51,373		Lockheed Martin Corp		15,007,594
	66,072		Masco Corp		2,519,325
	35,973		Northrop Grumman Corp		9,465,575
	72,309		PACCAR, Inc		4,949,551
	27,418		Parker-Hannifin Corp		4,550,840
	34,656		Pentair plc		2,185,754
	31,047	*	Quanta Services, Inc		1,047,215
	59,997		Raytheon Co		10,305,685
	26,530		Rockwell Automation, Inc		4,378,246
	33,449		Rockwell Collins, Inc		3,563,322
	21,036		Roper Industries, Inc		4,890,029
	11,993		Snap-On, Inc		1,849,321
	31,551		Stanley Works		4,438,910
	55,228		Textron, Inc		2,713,352
	10,114		TransDigm Group, Inc		2,853,564
	17,495	*	United Rentals, Inc		2,081,205
	153,787		United Technologies Corp		18,234,525
	11,075		W.W. Grainger, Inc		1,846,646
	37,179		Xylem, Inc		2,109,165
			TOTAL CAPITAL GOODS		325,640,986
COMMERCIAL & PROFESSIONAL SERVICES - 0.5%
	17,846		Cintas Corp		2,406,533
	65,462	*	IHS Markit Ltd		3,053,802
	69,301		Nielsen NV		2,980,636
	47,414		Republic Services, Inc		3,044,927
	26,501		Robert Half International, Inc		1,199,170
	17,635	*	Stericycle, Inc		1,359,306
	31,767	*	Verisk Analytics, Inc		2,771,989
	83,834		Waste Management, Inc		6,300,125
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		23,116,488
CONSUMER DURABLES & APPAREL - 1.2%
	57,962		Coach, Inc		2,732,329
	70,556		DR Horton, Inc		2,518,144
	23,889	*	Garmin Ltd		1,198,989
	75,330		Hanesbrands, Inc		1,726,564
	23,209		Hasbro, Inc		2,457,369
	27,480		Leggett & Platt, Inc		1,323,986
	41,996		Lennar Corp (Class A)		2,202,270
	71,020		Mattel, Inc		1,421,820

235

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	32,235	*	Michael Kors Holdings Ltd	$	1,174,643
	13,029	*	Mohawk Industries, Inc		3,244,091
	99,523		Newell Rubbermaid, Inc		5,246,853
	273,444		Nike, Inc (Class B)		16,146,868
	59,046		Pulte Homes, Inc		1,441,903
	16,217		PVH Corp		1,934,526
	11,618		Ralph Lauren Corp		878,902
	38,354	*,e	Under Armour, Inc		694,591
	38,124	*,e	Under Armour, Inc (Class A)		763,242
	66,090		VF Corp		4,110,137
	15,255		Whirlpool Corp		2,713,559
			TOTAL CONSUMER DURABLES & APPAREL		53,930,786
CONSUMER SERVICES - 1.8%
	86,282		Carnival Corp		5,761,912
	5,924	*	Chipotle Mexican Grill, Inc (Class A)		2,036,494
	25,690		Darden Restaurants, Inc		2,154,877
	42,930		H&R Block, Inc		1,309,365
	42,305		Hilton Worldwide Holdings, Inc		2,645,332
	64,016		Marriott International, Inc (Class A)		6,669,827
	168,216		McDonald’s Corp		26,097,030
	97,087		MGM Resorts International		3,197,075
	34,557		Royal Caribbean Cruises Ltd		3,907,360
	298,849		Starbucks Corp		16,131,869
	21,533		Wyndham Worldwide Corp		2,247,399
	16,510		Wynn Resorts Ltd		2,135,403
	68,226		Yum! Brands, Inc		5,149,699
			TOTAL CONSUMER SERVICES		79,443,642
DIVERSIFIED FINANCIALS - 4.0%
	11,674		Affiliated Managers Group, Inc		2,169,379
	154,766		American Express Co		13,190,706
	31,377		Ameriprise Financial, Inc		4,545,900
	214,461		Bank of New York Mellon Corp		11,372,867
	24,997		BlackRock, Inc		10,661,970
	99,581		Capital One Financial Corp		8,581,891
	19,038		CBOE Holdings, Inc		1,799,662
	250,660		Charles Schwab Corp		10,753,314
	70,033		CME Group, Inc		8,587,446
	78,302		Discover Financial Services		4,771,724
	56,826	*	E*TRADE Financial Corp		2,329,866
	70,646		Franklin Resources, Inc		3,163,528
	75,545		Goldman Sachs Group, Inc		17,022,555
	122,020		IntercontinentalExchange Group, Inc		8,139,954
	83,935		Invesco Ltd		2,918,420
	67,117		Leucadia National Corp		1,747,056
	34,294		Moody’s Corp		4,514,119
	293,489		Morgan Stanley		13,764,634
	23,648		NASDAQ OMX Group, Inc		1,758,702
	59,452		Navient Corp		876,917
	44,445		Northern Trust Corp		3,889,382
	26,522		Raymond James Financial, Inc		2,206,365
	53,102		S&P Global, Inc		8,155,936

236

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	47,671		SPDR Trust Series 1	$	11,763,773
	72,867		State Street Corp		6,793,390
	158,580		Synchrony Financial		4,808,146
	49,768		T Rowe Price Group, Inc		4,116,809
			TOTAL DIVERSIFIED FINANCIALS		174,404,411
ENERGY - 6.0%
	115,316		Anadarko Petroleum Corp		5,266,482
	31,164	*	Andeavor		3,101,753
	78,375		Apache Corp		3,877,995
	87,774		Baker Hughes a GE Co		3,237,983
	96,178		Cabot Oil & Gas Corp		2,391,947
	159,012	*,e	Chesapeake Energy Corp		788,699
	390,996		Chevron Corp		42,692,853
	19,701		Cimarex Energy Co		1,950,990
	30,558	*	Concho Resources, Inc		3,980,485
	254,756		ConocoPhillips		11,558,280
	108,402	*	Devon Energy Corp		3,610,871
	118,975		EOG Resources, Inc		11,319,281
	35,833		EQT Corp		2,282,562
	874,487	d	Exxon Mobil Corp		69,993,940
	179,040		Halliburton Co		7,598,458
	22,611	e	Helmerich & Payne, Inc		1,144,569
	55,860		Hess Corp		2,488,004
	395,485		Kinder Morgan, Inc		8,079,759
	175,946		Marathon Oil Corp		2,151,820
	106,796		Marathon Petroleum Corp		5,979,508
	78,482		National Oilwell Varco, Inc		2,567,146
	41,186	*	Newfield Exploration Co		1,183,274
	93,980		Noble Energy, Inc		2,716,962
	157,707		Occidental Petroleum Corp		9,766,794
	78,401		Oneok, Inc		4,435,145
	90,458		Phillips 66		7,575,857
	35,047		Pioneer Natural Resources Co		5,716,166
	39,512		Range Resources Corp		834,098
	286,769		Schlumberger Ltd		19,672,353
	96,343	*	TechnipFMC plc		2,749,629
	92,190		Valero Energy Corp		6,358,344
	170,072		Williams Cos, Inc		5,404,888
			TOTAL ENERGY		262,476,895
FOOD & STAPLES RETAILING - 1.6%
	210,245		CVS Health Corp		16,804,883
	187,857		Kroger Co		4,606,254
	101,379		Sysco Corp		5,334,563
	175,971		Walgreens Boots Alliance, Inc		14,195,580
	304,826		Wal-Mart Stores, Inc		24,383,032
	65,957		Whole Foods Market, Inc		2,754,364
			TOTAL FOOD & STAPLES RETAILING		68,078,676
FOOD, BEVERAGE & TOBACCO - 5.2%
	398,659		Altria Group, Inc		25,900,875
	117,536		Archer Daniels Midland Co		4,957,669

237

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	36,495		Brown-Forman Corp (Class B)	$	1,802,853
	39,556		Campbell Soup Co		2,089,743
	793,616		Coca-Cola Co		36,379,357
	83,419		ConAgra Foods, Inc		2,856,267
	35,338		Constellation Brands, Inc (Class A)		6,832,602
	90,346		Costco Wholesale Corp		14,320,744
	37,873		Dr Pepper Snapple Group, Inc		3,452,503
	118,847		General Mills, Inc		6,615,024
	28,888		Hershey Co		3,042,195
	55,890		Hormel Foods Corp		1,909,761
	24,019		J.M. Smucker Co		2,927,916
	51,992		Kellogg Co		3,535,456
	123,017		Kraft Heinz Co		10,759,067
	23,418		McCormick & Co, Inc		2,231,735
	38,066		Molson Coors Brewing Co (Class B)		3,387,113
	312,575		Mondelez International, Inc		13,759,552
	83,074	*	Monster Beverage Corp		4,382,154
	294,825		PepsiCo, Inc		34,379,543
	320,543		Philip Morris International, Inc		37,410,574
	59,392		Tyson Foods, Inc (Class A)		3,763,077
			TOTAL FOOD, BEVERAGE & TOBACCO		226,695,780
HEALTH CARE EQUIPMENT & SERVICES - 5.7%
	358,122		Abbott Laboratories		17,612,440
	68,342		Aetna Inc		10,545,854
	15,597	*	Align Technology, Inc		2,608,286
	34,222		AmerisourceBergen Corp		3,210,708
	54,551		Anthem, Inc		10,157,942
	14,932		Bard (C.R.), Inc		4,787,199
	100,605		Baxter International, Inc		6,084,590
	46,885		Becton Dickinson & Co		9,442,639
	282,179	*	Boston Scientific Corp		7,511,605
	65,100		Cardinal Health, Inc		5,029,626
	35,539	*	Centene Corp		2,822,507
	60,565	*	Cerner Corp		3,898,569
	52,725		Cigna Corp		9,150,951
	10,089		Cooper Cos, Inc		2,460,404
	125,978		Danaher Corp		10,265,947
	32,207	*	DaVita, Inc		2,086,370
	47,270		Dentsply Sirona, Inc		2,932,158
	43,204	*	Edwards Lifesciences Corp		4,976,237
	24,232	*	Envision Healthcare Corp		1,367,412
	122,256	*	Express Scripts Holding Co		7,658,116
	58,908	*	HCA Holdings, Inc		4,732,669
	16,360	*	Henry Schein, Inc		2,980,956
	57,818	*	Hologic, Inc		2,556,134
	29,717		Humana, Inc		6,870,570
	18,188	*	Idexx Laboratories, Inc		3,027,575
	7,595	*	Intuitive Surgical, Inc		7,126,085
	21,095	*	Laboratory Corp of America Holdings		3,352,207
	43,423		McKesson Corp		7,028,881
	282,511		Medtronic plc		23,722,448

238

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	17,067		Patterson Cos, Inc	$	712,035
	28,230		Quest Diagnostics, Inc		3,057,591
	28,501		Resmed, Inc		2,197,997
	63,940		Stryker Corp		9,405,574
	198,884		UnitedHealth Group, Inc		38,147,940
	18,464		Universal Health Services, Inc (Class B)		2,046,365
	19,037	*	Varian Medical Systems, Inc		1,848,873
	41,456		Zimmer Holdings, Inc		5,029,442
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		248,452,902
HOUSEHOLD & PERSONAL PRODUCTS - 1.9%
	51,392		Church & Dwight Co, Inc		2,741,763
	26,545		Clorox Co		3,543,492
	182,156		Colgate-Palmolive Co		13,151,663
	97,544		Coty, Inc		1,997,701
	46,157		Estee Lauder Cos (Class A)		4,569,082
	73,211		Kimberly-Clark Corp		9,016,667
	527,850		Procter & Gamble Co		47,939,337
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		82,959,705
INSURANCE - 4.4%
	81,753		Aflac, Inc		6,519,802
	75,106		Allstate Corp		6,834,646
	181,310		American International Group, Inc		11,866,739
	53,983		Aon plc		7,458,831
	37,124		Arthur J. Gallagher & Co		2,182,520
	11,374		Assurant, Inc		1,197,341
	392,020	*	Berkshire Hathaway, Inc (Class B)		68,591,739
	96,245		Chubb Ltd		14,096,043
	31,012		Cincinnati Financial Corp		2,361,874
	8,482		Everest Re Group Ltd		2,225,592
	75,661		Hartford Financial Services Group, Inc		4,161,355
	46,257		Lincoln National Corp		3,379,536
	56,945		Loews Corp		2,772,083
	106,209		Marsh & McLennan Cos, Inc		8,281,116
	222,535		Metlife, Inc		12,239,425
	55,241		Principal Financial Group		3,687,337
	119,676		Progressive Corp		5,640,330
	88,421		Prudential Financial, Inc		10,011,910
	22,472		Torchmark Corp		1,774,614
	57,619		Travelers Cos, Inc		7,380,418
	46,968		UnumProvident Corp		2,354,506
	26,170		Willis Towers Watson plc		3,896,189
	54,106		XL Group Ltd		2,402,306
			TOTAL INSURANCE		191,316,252
MATERIALS - 2.9%
	44,898		Air Products & Chemicals, Inc		6,382,251
	22,816		Albemarle Corp		2,642,093
	18,307		Avery Dennison Corp		1,701,270
	72,241		Ball Corp		3,026,898
	48,131		CF Industries Holdings, Inc		1,412,645
	231,968		Dow Chemical Co		14,901,624

239

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	30,084		Eastman Chemical Co	$	2,501,785
	53,841		Ecolab, Inc		7,089,244
	178,937		EI du Pont de Nemours & Co		14,710,411
	27,732		FMC Corp		2,118,170
	274,345	*	Freeport-McMoRan Copper & Gold, Inc (Class B)		4,010,924
	16,337		International Flavors & Fragrances, Inc		2,175,762
	85,023		International Paper Co		4,674,565
	68,049		LyondellBasell Industries AF S.C.A		6,130,534
	12,926		Martin Marietta Materials, Inc		2,926,834
	90,430		Monsanto Co		10,564,033
	72,694		Mosaic Co		1,754,833
	109,911		Newmont Mining Corp		4,085,392
	65,702		Nucor Corp		3,789,034
	18,350		Packaging Corp of America		2,008,958
	52,812		PPG Industries, Inc		5,558,463
	58,905		Praxair, Inc		7,667,075
	40,553		Sealed Air Corp		1,764,461
	16,689		Sherwin-Williams Co		5,628,699
	27,241		Vulcan Materials Co		3,353,912
	51,789		WestRock Co		2,973,724
			TOTAL MATERIALS		125,553,594
MEDIA - 3.1%
	75,942		CBS Corp (Class B)		4,999,262
	44,512	*	Charter Communications, Inc		17,444,698
	976,726		Comcast Corp (Class A)		39,508,567
	32,171	*	Discovery Communications, Inc (Class A)		791,407
	43,906	*	Discovery Communications, Inc (Class C)		1,015,546
	46,940	*	DISH Network Corp (Class A)		3,005,568
	81,686		Interpublic Group of Cos, Inc		1,765,234
	79,659		News Corp		1,139,920
	25,832		News Corp (Class B)		379,730
	48,012		Omnicom Group, Inc		3,780,465
	19,915		Scripps Networks Interactive (Class A)		1,740,770
	160,054		Time Warner, Inc		16,392,731
	217,072		Twenty-First Century Fox, Inc		6,316,795
	100,566		Twenty-First Century Fox, Inc (Class B)		2,885,239
	72,739		Viacom, Inc (Class B)		2,540,046
	300,225		Walt Disney Co		33,003,734
			TOTAL MEDIA		136,709,712
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.6%
	328,461		AbbVie, Inc		22,962,709
	66,417		Agilent Technologies, Inc		3,971,072
	46,237	*	Alexion Pharmaceuticals, Inc		6,350,190
	69,313		Allergan plc		17,489,749
	151,870		Amgen, Inc		26,502,834
	44,009	*	Biogen Idec, Inc		12,744,566
	339,988		Bristol-Myers Squibb Co		19,345,317
	161,141	*	Celgene Corp		21,820,103
	200,389		Eli Lilly & Co		16,564,155
	269,667		Gilead Sciences, Inc		20,518,962
	30,070	*	Illumina, Inc		5,227,669

240

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	34,988	*	Incyte Corp	$	4,663,551
	555,952		Johnson & Johnson		73,785,950
	564,480		Merck & Co, Inc		36,058,982
	5,326	*	Mettler-Toledo International, Inc		3,052,224
	95,061	*	Mylan NV		3,706,428
	22,843		PerkinElmer, Inc		1,503,755
	29,652		Perrigo Co plc		2,221,528
	1,231,627		Pfizer, Inc		40,840,751
	15,705	*	Regeneron Pharmaceuticals, Inc		7,720,892
	80,643		Thermo Fisher Scientific, Inc		14,155,266
	51,279	*	Vertex Pharmaceuticals, Inc		7,785,178
	16,520	*	Waters Corp		2,865,229
	101,199		Zoetis, Inc		6,326,961
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		378,184,021
REAL ESTATE - 2.9%
	18,860		Alexandria Real Estate Equities, Inc		2,286,775
	87,583		American Tower Corp		11,940,190
	32,676		Apartment Investment & Management Co (Class A)		1,488,392
	28,388		AvalonBay Communities, Inc		5,460,432
	31,731		Boston Properties, Inc		3,836,595
	62,172	*	CBRE Group, Inc		2,361,914
	82,154		Crown Castle International Corp		8,263,049
	32,919		Digital Realty Trust, Inc		3,796,877
	71,659		Duke Realty Corp		2,048,731
	16,043		Equinix, Inc		7,231,061
	75,623		Equity Residential		5,146,901
	13,531		Essex Property Trust, Inc		3,541,063
	26,056		Extra Space Storage, Inc		2,071,452
	14,980		Federal Realty Investment Trust		1,986,797
	120,208		GGP, Inc		2,717,903
	96,660		HCP, Inc		3,059,289
	152,581		Host Marriott Corp		2,847,161
	50,648		Iron Mountain, Inc		1,845,107
	87,815		Kimco Realty Corp		1,772,107
	24,666		Macerich Co		1,415,582
	23,472		Mid-America Apartment Communities, Inc		2,430,056
	109,191		Prologis, Inc		6,639,905
	30,823		Public Storage, Inc		6,336,284
	56,305		Realty Income Corp		3,212,763
	30,249		Regency Centers Corp		2,003,089
	64,385		Simon Property Group, Inc		10,205,023
	21,044		SL Green Realty Corp		2,173,214
	55,363		UDR, Inc		2,164,140
	73,084		Ventas, Inc		4,922,207
	35,526		Vornado Realty Trust		2,818,988
	75,422		Welltower, Inc		5,535,221
	154,636		Weyerhaeuser Co		5,106,081
			TOTAL REAL ESTATE		128,664,349
RETAILING - 5.4%
	15,303		Advance Auto Parts, Inc		1,714,089
	81,872	*	Amazon.com, Inc		80,871,524

241

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	13,706	*,e	Autonation, Inc	$	580,860
	5,802	*	AutoZone, Inc		3,132,036
	54,712		Best Buy Co, Inc		3,191,898
	38,211	*	Carmax, Inc		2,531,479
	51,935		Dollar General Corp		3,903,435
	48,758	*	Dollar Tree, Inc		3,514,477
	25,076		Expedia, Inc		3,923,642
	27,114		Foot Locker, Inc		1,279,510
	45,543		Gap, Inc		1,085,290
	30,406		Genuine Parts Co		2,582,382
	246,716		Home Depot, Inc		36,908,714
	35,148		Kohl’s Corp		1,453,370
	49,765		L Brands, Inc		2,308,598
	63,687	*	LKQ Corp		2,201,023
	176,860		Lowe’s Companies, Inc		13,688,964
	63,197		Macy’s, Inc		1,500,929
	88,774	*	NetFlix, Inc		16,126,685
	23,388	e	Nordstrom, Inc		1,135,955
	18,747	*	O’Reilly Automotive, Inc		3,830,012
	10,147	*	Priceline.com, Inc		20,583,190
	80,673		Ross Stores, Inc		4,462,830
	14,353	e	Signet Jewelers Ltd		877,829
	135,517		Staples, Inc		1,375,497
	113,771		Target Corp		6,447,402
	22,161		Tiffany & Co		2,116,597
	132,544		TJX Companies, Inc		9,319,169
	26,646		Tractor Supply Co		1,495,373
	23,071	*	TripAdvisor, Inc		900,230
	12,021	*	Ulta Beauty, Inc		3,019,795
			TOTAL RETAILING		238,062,784
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.5%
	160,270	*	Advanced Micro Devices, Inc		2,181,275
	75,697		Analog Devices, Inc		5,980,820
	221,463		Applied Materials, Inc		9,813,026
	82,832		Broadcom Ltd		20,431,341
	971,833		Intel Corp		34,470,916
	32,340		Kla-Tencor Corp		2,995,654
	33,222		Lam Research Corp		5,297,580
	47,309		Microchip Technology, Inc		3,786,612
	214,122	*	Micron Technology, Inc		6,021,111
	122,794		NVIDIA Corp		19,955,253
	26,352	*	Qorvo, Inc		1,806,693
	304,904		Qualcomm, Inc		16,217,844
	38,040		Skyworks Solutions, Inc		3,989,255
	205,632		Texas Instruments, Inc		16,734,332
	51,151		Xilinx, Inc		3,235,812
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		152,917,524
SOFTWARE & SERVICES - 13.6%
	127,972		Accenture plc		16,485,353
	142,879		Activision Blizzard, Inc		8,827,065
	101,996	*	Adobe Systems, Inc		14,941,394

242

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	35,801	*	Akamai Technologies, Inc	$	1,687,659
	11,481		Alliance Data Systems Corp		2,771,858
	61,424	*	Alphabet, Inc (Class A)		58,076,392
	61,582	*	Alphabet, Inc (Class C)		57,302,051
	17,676	*	Ansys, Inc		2,289,926
	39,940	*	Autodesk, Inc		4,424,953
	92,277		Automatic Data Processing, Inc		10,972,658
	64,730		CA, Inc		2,009,219
	31,203	*	Citrix Systems, Inc		2,464,413
	121,423		Cognizant Technology Solutions Corp (Class A)		8,417,042
	30,307		CSRA, Inc		988,311
	58,369		DXC Technology Co		4,574,962
	207,522	*	eBay, Inc		7,414,761
	63,868	*	Electronic Arts, Inc		7,455,950
	487,821	*	Facebook, Inc		82,563,704
	68,193		Fidelity National Information Services, Inc		6,220,566
	43,809	*	Fiserv, Inc		5,629,457
	18,680	*	Gartner, Inc		2,397,018
	31,462		Global Payments, Inc		2,969,069
	176,439		International Business Machines Corp		25,525,430
	50,172		Intuit, Inc		6,884,100
	193,588		MasterCard, Inc (Class A)		24,740,547
	1,593,342		Microsoft Corp		115,835,964
	619,901		Oracle Corp		30,951,657
	65,957		Paychex, Inc		3,815,612
	230,191	*	PayPal Holdings, Inc		13,477,683
	36,651	*	Red Hat, Inc		3,623,684
	137,881	*	salesforce.com, Inc		12,519,595
	125,309		Symantec Corp		3,883,326
	31,078	*	Synopsys, Inc		2,379,642
	34,253		Total System Services, Inc		2,173,695
	18,206	*	VeriSign, Inc		1,841,901
	381,038		Visa, Inc (Class A)		37,936,143
	97,069		Western Union Co		1,917,113
			TOTAL SOFTWARE & SERVICES		598,389,873
TECHNOLOGY HARDWARE & EQUIPMENT - 5.5%
	63,043		Amphenol Corp (Class A)		4,830,355
	1,076,010		Apple, Inc		160,034,967
	1,031,904		Cisco Systems, Inc		32,453,381
	189,728		Corning, Inc		5,528,674
	13,410	*	F5 Networks, Inc		1,619,258
	28,426		Flir Systems, Inc		1,060,858
	25,145		Harris Corp		2,878,348
	342,994		Hewlett Packard Enterprise Co		6,005,825
	346,982		HP, Inc		6,627,356
	78,944		Juniper Networks, Inc		2,206,485
	33,728		Motorola, Inc		3,058,455
	55,985		NetApp, Inc		2,430,869
	61,369		Seagate Technology, Inc		2,022,722
	73,218		TE Connectivity Ltd		5,885,995
	59,959		Western Digital Corp		5,103,710
	44,388		Xerox Corp		1,361,380
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		243,108,638

243

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
TELECOMMUNICATION SERVICES - 2.2%
	1,268,808		AT&T, Inc	$	49,483,512
	113,209	e	CenturyLink, Inc		2,634,373
	60,375	*	Level 3 Communications, Inc		3,542,805
	841,879		Verizon Communications, Inc		40,746,944
			TOTAL TELECOMMUNICATION SERVICES		96,407,634
TRANSPORTATION - 2.1%
	25,544		Alaska Air Group, Inc		2,177,115
	101,356		American Airlines Group, Inc		5,112,397
	29,008		CH Robinson Worldwide, Inc		1,902,925
	189,975		CSX Corp		9,373,366
	151,479		Delta Air Lines, Inc		7,477,003
	37,273		Expeditors International of Washington, Inc		2,194,634
	50,677		FedEx Corp		10,542,336
	17,856		J.B. Hunt Transport Services, Inc		1,619,718
	21,878		Kansas City Southern Industries, Inc		2,257,591
	59,644		Norfolk Southern Corp		6,714,722
	124,459		Southwest Airlines Co		6,908,719
	166,640		Union Pacific Corp		17,157,254
	58,020	*	United Continental Holdings, Inc		3,926,794
	142,156		United Parcel Service, Inc (Class B)		15,678,385
			TOTAL TRANSPORTATION		93,042,959
UTILITIES - 3.2%
	136,826		AES Corp		1,529,715
	46,895		Alliant Energy Corp		1,900,654
	50,123		Ameren Corp		2,811,900
	101,260		American Electric Power Co, Inc		7,142,881
	36,818		American Water Works Co, Inc		2,985,940
	89,033		Centerpoint Energy, Inc		2,509,840
	57,943		CMS Energy Corp		2,679,284
	62,900		Consolidated Edison, Inc		5,211,894
	129,678		Dominion Resources, Inc		10,008,548
	36,935		DTE Energy Co		3,954,261
	144,236		Duke Energy Corp		12,277,368
	67,087		Edison International		5,278,405
	37,075		Entergy Corp		2,844,394
	65,300		Eversource Energy		3,969,587
	190,651		Exelon Corp		7,309,559
	91,447		FirstEnergy Corp		2,918,074
	96,441		NextEra Energy, Inc		14,089,066
	67,077		NiSource, Inc		1,748,027
	66,068		NRG Energy, Inc		1,626,594
	105,160		PG&E Corp		7,118,281
	23,133		Pinnacle West Capital Corp		2,006,325
	140,670		PPL Corp		5,391,881
	104,174		Public Service Enterprise Group, Inc		4,684,705
	29,587		SCANA Corp		1,904,515
	51,680		Sempra Energy		5,840,357
	204,939		Southern Co		9,822,726

244

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES		COMPANY	VALUE
	64,974	WEC Energy Group, Inc	$	4,091,413
	104,539	Xcel Energy, Inc		4,945,740
		TOTAL UTILITIES		138,601,934
		TOTAL COMMON STOCKS		4,374,640,887
		(Cost $2,912,860,919)

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.6%
GOVERNMENT AGENCY DEBT - 0.4%
$	19,450,000		Federal Home Loan Bank (FHLB)		0.800	%	08/01/17		19,450,000
			TOTAL GOVERNMENT AGENCY DEBT						19,450,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.2%
	8,747,413	c	State Street Navigator Securities Lending Government Money Market Portfolio						8,747,413
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						8,747,413
			TOTAL SHORT-TERM INVESTMENTS						28,197,413
			(Cost $28,197,413)
			TOTAL INVESTMENTS - 100.4%						4,402,838,300
			(Cost $2,941,058,332)
			OTHER ASSETS & LIABILITIES, NET - (0.4)%						(18,448,906	)
			NET ASSETS - 100.0%					$	4,384,389,394

Abbreviation(s):

SPDR    Standard & Poor’s Depository Receipts

*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
d	All or a portion of these securities have been segregated to cover margin requirements on open futures contracts.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $8,533,750.

245

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

TIAA-CREF FUNDS
SMALL-CAP BLEND INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.8%
AUTOMOBILES & COMPONENTS - 1.2%
	97,884	*	American Axle & Manufacturing Holdings, Inc	$	1,442,810
	62,510		Cooper Tire & Rubber Co		2,284,741
	20,617	*	Cooper-Standard Holding, Inc		2,108,294
	171,766		Dana Holding Corp		4,074,290
	32,252	*	Dorman Products, Inc		2,518,236
	41,719	*	Fox Factory Holding Corp		1,604,096
	43,582	*	Gentherm, Inc		1,457,818
	29,924	*,e	Horizon Global Corp		417,141
	28,580		LCI Industries, Inc		3,050,915
	57,696	*	Modine Manufacturing Co		937,560
	21,925	*	Motorcar Parts of America, Inc		613,242
	8,782	*	Shiloh Industries, Inc		65,162
	40,047		Spartan Motors, Inc		354,416
	25,122		Standard Motor Products, Inc		1,265,646
	32,027	*	Stoneridge, Inc		488,732
	28,871		Superior Industries International, Inc		564,428
	63,088		Tenneco, Inc		3,488,766
	23,216		Tower International, Inc		573,435
	22,118	*	VOXX International Corp (Class A)		148,191
	36,861		Winnebago Industries, Inc		1,356,485
			TOTAL AUTOMOBILES & COMPONENTS		28,814,404
BANKS - 12.6%
	18,830		1st Source Corp		924,553
	17,778		Access National Corp		472,717
	6,967		ACNB Corp		198,211
	13,407	*	Allegiance Bancshares, Inc		503,433
	9,511		American National Bankshares, Inc		359,040
	43,187		Ameris Bancorp		1,977,965
	10,037		Ames National Corp		297,095
	13,387		Arrow Financial Corp		436,416
	3,281	*	ASB Bancorp, Inc		145,020
	109,395		Astoria Financial Corp		2,207,591
	24,519	*	Atlantic Capital Bancshares, Inc		473,217
	50,772	e	Banc of California, Inc		1,043,365
	9,848		Bancfirst Corp		1,051,274
	34,977		Banco Latinoamericano de Exportaciones S.A. (Class E)		920,245
	101,635		Bancorpsouth, Inc		3,054,132
	50,902		Bank Mutual Corp		506,475
	18,187		Bank of Commerce Holdings		188,235
	7,074		Bank of Marin Bancorp		471,482
	63,239		Bank of NT Butterfield & Son Ltd		2,155,818
	16,749		BankFinancial Corp		250,900
	7,434		Bankwell Financial Group, Inc		243,910

246

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	38,745		Banner Corp	$	2,238,299
	18,006		Bar Harbor Bankshares		502,187
	10,656	e	BCB Bancorp, Inc		159,840
	24,347		Bear State Financial, Inc		225,940
	81,268		Beneficial Bancorp, Inc		1,267,781
	41,588		Berkshire Hills Bancorp, Inc		1,544,994
	26,800		Blue Hills Bancorp, Inc		507,860
	70,301	*,e	BofI Holding, Inc		1,959,289
	99,187		Boston Private Financial Holdings, Inc		1,522,520
	21,916		Bridge Bancorp, Inc		712,270
	89,329		Brookline Bancorp, Inc		1,326,536
	19,570		Bryn Mawr Bank Corp		830,746
	9,670	*	BSB Bancorp, Inc		285,748
	3,938		C&F Financial Corp		196,112
	10,176	*	Cadence BanCorp		232,420
	2,510		California First National Bancorp		41,791
	17,880		Camden National Corp		750,960
	34,025		Capital Bank Financial Corp		1,292,950
	13,244		Capital City Bank Group, Inc		282,892
	151,045		Capitol Federal Financial		2,153,902
	9,818	*	Capstar Financial Holdings, Inc		172,797
	16,923		Carolina Financial Corp		569,290
	88,856		Cathay General Bancorp		3,327,657
	63,142		Centerstate Banks of Florida, Inc		1,577,919
	35,403		Central Pacific Financial Corp		1,095,015
	11,631		Central Valley Community Bancorp		255,649
	3,444		Century Bancorp, Inc		229,715
	14,499		Charter Financial Corp		260,692
	83,675		Chemical Financial Corp		4,032,298
	3,740		Chemung Financial Corp		151,470
	13,599		Citizens & Northern Corp		313,865
	18,102		City Holding Co		1,188,034
	11,664		Civista Bancshares, Inc		238,529
	24,014		Clifton Bancorp, Inc		400,794
	18,179		CNB Financial Corp		479,198
	45,471		CoBiz, Inc		800,290
	10,136		Codorus Valley Bancorp, Inc		283,403
	68,702		Columbia Banking System, Inc		2,737,088
	8,097		Commerce Union Bancshares, Inc		198,296
	57,853		Community Bank System, Inc		3,176,130
	25,274	*	Community Bankers Trust Corp		217,356
	4,657		Community Financial Corp		172,821
	18,072		Community Trust Bancorp, Inc		780,710
	35,931		ConnectOne Bancorp, Inc		808,447
	6,318		County Bancorp, Inc		157,887
	19,397	*	CU Bancorp		715,749
	33,420	*	Customers Bancorp, Inc		997,587
	122,003		CVB Financial Corp		2,627,945
	37,572		Dime Community Bancshares		781,498
	3,653		DNB Financial Corp		125,846
	37,110	*	Eagle Bancorp, Inc		2,317,519
	7,391	*	Entegra Financial Corp		170,732
	11,122		Enterprise Bancorp, Inc		375,812

247

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	26,840		Enterprise Financial Services Corp	$	1,061,522
	12,495	*	Equity Bancshares, Inc		431,952
	11,519		ESSA Bancorp, Inc		169,905
	91,171	*	Essent Group Ltd		3,502,790
	5,436		Evans Bancorp, Inc		221,517
	5,218	e	Farmers & Merchants Bancorp, Inc		311,254
	8,789		Farmers Capital Bank Corp		330,027
	29,118		Farmers National Banc Corp		400,372
	7,346	*,e	FB Financial Corp		252,482
	41,484	*	FCB Financial Holdings, Inc		1,955,971
	10,382		Federal Agricultural Mortgage Corp (Class C)		711,790
	26,050		Fidelity Southern Corp		548,613
	16,216		Financial Institutions, Inc		476,750
	28,723		First Bancorp (NC)		899,030
	191,692	*	First Bancorp (Puerto Rico)		1,123,315
	12,679		First Bancorp, Inc		341,572
	9,930		First Bancshares, Inc		275,557
	44,443		First Busey Corp		1,299,513
	9,757		First Business Financial Services, Inc		207,434
	8,686		First Citizens Bancshares, Inc (Class A)		3,196,622
	115,138		First Commonwealth Financial Corp		1,500,248
	19,531		First Community Bancshares, Inc		531,634
	16,422		First Connecticut Bancorp		420,403
	11,634		First Defiance Financial Corp		602,059
	73,413		First Financial Bancorp		1,879,373
	74,357	e	First Financial Bankshares, Inc		3,215,940
	12,415		First Financial Corp		571,711
	10,818		First Financial Northwest, Inc		177,523
	33,045	*	First Foundation, Inc		573,000
	5,287	e	First Guaranty Bancshares, Inc		143,754
	7,647		First Internet Bancorp		251,969
	30,024		First Interstate Bancsystem, Inc		1,097,377
	48,110		First Merchants Corp		1,945,568
	11,797		First Mid-Illinois Bancshares, Inc		431,652
	120,294		First Midwest Bancorp, Inc		2,671,730
	11,534	*	First Northwest Bancorp		175,894
	27,359		First of Long Island Corp		764,684
	24,812	*	Flagstar Bancorp, Inc		807,879
	32,928		Flushing Financial Corp		939,436
	6,224	e	FNB Bancorp		171,658
	14,171	*	Franklin Financial Network, Inc		489,608
	202,466		Fulton Financial Corp		3,695,005
	24,901		German American Bancorp, Inc		892,203
	90,733		Glacier Bancorp, Inc		3,168,396
	12,766		Great Southern Bancorp, Inc		663,194
	69,797		Great Western Bancorp, Inc		2,722,781
	24,600	*	Green Bancorp, Inc		552,270
	3,193	e	Greene County Bancorp, Inc		78,229
	27,545		Guaranty Bancorp		734,074
	2,403		Guaranty Bancshares, Inc		73,075
	99,533		Hancock Holding Co		4,578,518
	37,186		Hanmi Financial Corp		1,065,379
	15,383	*	HarborOne Bancorp, Inc		298,123

248

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	28,725		Heartland Financial USA, Inc	$	1,352,948
	42,434		Heritage Commerce Corp		589,408
	34,576		Heritage Financial Corp		940,467
	88,193		Hilltop Holdings, Inc		2,207,471
	1,568		Hingham Institution for Savings		277,379
	7,213		Home Bancorp, Inc		292,271
	152,644		Home Bancshares, Inc		3,785,571
	34,461	*	HomeStreet, Inc		904,601
	19,706	*	HomeTrust Bancshares, Inc		475,900
	153,428		Hope Bancorp, Inc		2,704,936
	25,010		Horizon Bancorp		659,514
	10,312	*	Howard Bancorp, Inc		202,631
	59,618		IBERIABANK Corp		4,820,115
	11,749	*,e	Impac Mortgage Holdings, Inc		172,828
	31,371		Independent Bank Corp (MA)		2,238,321
	24,310		Independent Bank Corp (MI)		515,372
	21,015		Independent Bank Group, Inc		1,268,255
	64,431		International Bancshares Corp		2,280,857
	9,633		Investar Holding Corp		218,187
	305,518		Investors Bancorp, Inc		4,057,279
	98,887		Kearny Financial Corp		1,443,750
	53,169		Lakeland Bancorp, Inc		1,028,820
	28,400		Lakeland Financial Corp		1,306,400
	11,358		LCNB Corp		227,728
	55,559		LegacyTexas Financial Group, Inc		2,151,244
	7,459	*	LendingTree, Inc		1,645,455
	22,875	e	Live Oak Bancshares, Inc		577,594
	30,089		Macatawa Bank Corp		290,359
	29,329		MainSource Financial Group, Inc		1,024,755
	7,526	*,e	Malvern Bancorp, Inc		186,645
	95,668		MB Financial, Inc		3,912,821
	21,340		MBT Financial Corp		204,864
	18,682		Mercantile Bank Corp		594,461
	56,930		Meridian Bancorp, Inc		1,004,815
	10,643		Meta Financial Group, Inc		758,846
	437,166	*	MGIC Investment Corp		5,101,727
	3,056		Middlefield Banc Corp		142,868
	17,960		Midland States Bancorp, Inc		570,410
	10,088		Midsouth Bancorp, Inc		113,490
	13,094		MidWestOne Financial Group, Inc		450,695
	7,189		MutualFirst Financial, Inc		250,896
	29,211		National Bank Holdings Corp		996,971
	8,191	e	National Bankshares, Inc		315,354
	12,340	*	National Commerce Corp		494,834
	34,100	*	Nationstar Mortgage Holdings, Inc		608,003
	50,076		NBT Bancorp, Inc		1,809,747
	10,506	*	Nicolet Bankshares, Inc		569,110
	66,853	*	NMI Holdings, Inc		788,865
	8,497		Northeast Bancorp		182,686
	50,495		Northfield Bancorp, Inc		847,811
	8,023		Northrim BanCorp, Inc		233,870
	110,994		Northwest Bancshares, Inc		1,787,003
	4,500	e	Norwood Financial Corp		192,780

249

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	37,355		OceanFirst Financial Corp	$	1,011,573
	1,445	e	Oconee Federal Financial Corp		39,376
	116,891	*,e	Ocwen Financial Corp		335,477
	50,742	e	OFG Bancorp		509,957
	4,776	e	Ohio Valley Banc Corp		161,668
	9,813		Old Line Bancshares, Inc		265,736
	158,672		Old National Bancorp		2,586,354
	4,253		Old Point Financial Corp		136,606
	33,981		Old Second Bancorp, Inc		402,675
	24,296		Opus Bank		578,245
	45,712		Oritani Financial Corp		758,819
	8,694		Orrstown Financial Services, Inc		217,350
	25,465		Pacific Continental Corp		646,811
	18,242	*	Pacific Mercantile Bancorp		144,112
	46,603	*	Pacific Premier Bancorp, Inc		1,673,048
	4,935	*	Paragon Commercial Corp		261,160
	15,639		Park National Corp		1,544,664
	61,131		Park Sterling Bank		710,342
	6,593		Parke Bancorp, Inc		133,179
	21,230	*	PCSB Financial Corp		368,128
	19,688		Peapack Gladstone Financial Corp		615,644
	5,474		Penns Woods Bancorp, Inc		234,561
	18,628	*	PennyMac Financial Services, Inc		324,127
	4,941		Peoples Bancorp of North Carolina, Inc		156,234
	19,603		Peoples Bancorp, Inc		639,058
	8,250		Peoples Financial Services Corp		352,853
	15,836		People’s Utah Bancorp		440,241
	62,046	*	PHH Corp		854,994
	15,253		Preferred Bank		856,456
	12,061		Premier Financial Bancorp, Inc		229,159
	5,138	*	Provident Bancorp, Inc		107,127
	7,289		Provident Financial Holdings, Inc		138,491
	72,424		Provident Financial Services, Inc		1,920,684
	9,485		Prudential Bancorp, Inc		162,857
	14,112		QCR Holdings, Inc		648,446
	254,477		Radian Group, Inc		4,432,990
	50,929		Renasant Corp		2,158,880
	11,527		Republic Bancorp, Inc (Class A)		413,819
	57,345	*,e	Republic First Bancorp, Inc		510,371
	22,593		Riverview Bancorp, Inc		171,481
	40,583		S&T Bancorp, Inc		1,537,284
	27,568		Sandy Spring Bancorp, Inc		1,103,823
	47,738	*	Seacoast Banking Corp of Florida		1,115,637
	54,324		ServisFirst Bancshares, Inc		1,974,134
	14,849		Shore Bancshares, Inc		250,800
	13,457		SI Financial Group, Inc		207,911
	15,262		Sierra Bancorp		418,179
	35,512		Simmons First National Corp (Class A)		1,937,180
	8,399	*	SmartFinancial, Inc		210,563
	34,066		South State Corp		2,853,028
	7,594	*	Southern First Bancshares, Inc		279,839
	6,841		Southern Missouri Bancorp, Inc		221,717
	17,336		Southern National Bancorp of Virginia, Inc		293,325

250

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	32,228		Southside Bancshares, Inc	$	1,119,278
	20,780		Southwest Bancorp, Inc		542,358
	43,833		State Bank & Trust Co		1,203,216
	155,383		Sterling Bancorp/DE		3,589,347
	25,633		Stock Yards Bancorp, Inc		918,943
	16,460		Stonegate Bank		766,213
	12,499		Summit Financial Group, Inc		272,353
	11,387		Sun Bancorp, Inc		277,273
	8,672	*	Sunshine Bancorp, Inc		198,155
	8,884		Territorial Bancorp, Inc		267,675
	58,844	*	Texas Capital Bancshares, Inc		4,610,428
	57,793	*	The Bancorp, Inc		447,896
	7,315		Timberland Bancorp, Inc		197,212
	17,413		Tompkins Trustco, Inc		1,370,577
	66,445		TowneBank		2,079,729
	23,855		Trico Bancshares		880,250
	26,234	*	Tristate Capital Holdings, Inc		603,382
	17,864	*	Triumph Bancorp, Inc		507,338
	108,537		Trustco Bank Corp NY		900,857
	79,579		Trustmark Corp		2,543,345
	8,432	e	Two River Bancorp		154,137
	53,423		UMB Financial Corp		3,721,446
	261,433		Umpqua Holdings Corp		4,846,968
	51,335		Union Bankshares Corp		1,585,738
	4,553	e	Union Bankshares, Inc		199,649
	117,928		United Bankshares, Inc		4,068,516
	83,584		United Community Banks, Inc		2,320,292
	57,161		United Community Financial Corp		525,881
	59,419		United Financial Bancorp, Inc (New)		1,074,890
	15,327		United Security Bancshares		144,074
	8,990		Unity Bancorp, Inc		166,315
	30,421		Univest Corp of Pennsylvania		927,841
	304,639		Valley National Bancorp		3,619,111
	16,788	*	Veritex Holdings, Inc		447,400
	32,683	*	Walker & Dunlop, Inc		1,642,321
	105,458		Washington Federal, Inc		3,527,570
	17,623		Washington Trust Bancorp, Inc		959,572
	11,446		WashingtonFirst Bankshares, Inc		391,911
	29,608		Waterstone Financial, Inc		558,111
	50,087		WesBanco, Inc		1,914,826
	18,958		West Bancorporation, Inc		436,034
	29,818	e	Westamerica Bancorporation		1,631,641
	32,455		Western New England Bancorp, Inc		322,927
	65,475		Wintrust Financial Corp		4,930,922
	223,999	*	WMIH Corp		257,599
	35,943		WSFS Financial Corp		1,622,826
	6,055	*	Xenith Bankshares, Inc		170,630
			TOTAL BANKS		290,758,638
CAPITAL GOODS - 9.3%
	48,524		Aaon, Inc		1,640,111
	37,672		AAR Corp		1,408,933
	70,910		Actuant Corp (Class A)		1,716,022

251

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	41,453		Advanced Drainage Systems, Inc	$	851,859
	39,054	*	Aegion Corp		934,953
	81,183	*	Aerojet Rocketdyne Holdings, Inc		1,903,741
	24,569	*	Aerovironment, Inc		928,463
	55,775		Aircastle Ltd		1,312,943
	11,077		Alamo Group, Inc		1,030,272
	33,680		Albany International Corp (Class A)		1,801,880
	7,648		Allied Motion Technologies, Inc		226,304
	34,027		Altra Holdings, Inc		1,515,903
	20,816	*	Ameresco, Inc		136,345
	8,543	e	American Railcar Industries, Inc		314,126
	16,518	*	American Woodmark Corp		1,621,242
	33,183		Apogee Enterprises, Inc		1,728,502
	45,246		Applied Industrial Technologies, Inc		2,556,399
	17,255		Argan, Inc		1,112,085
	26,767	*	Armstrong Flooring, Inc		464,675
	25,322		Astec Industries, Inc		1,272,937
	25,512	*	Astronics Corp		746,226
	38,981	*	Atkore International Group, Inc		811,584
	61,161	*,e	Axon Enterprise, Inc		1,503,949
	30,879		AZZ, Inc		1,565,565
	57,476	*	Babcock & Wilcox Enterprises, Inc		603,498
	59,296		Barnes Group, Inc		3,568,433
	71,339	*	Beacon Roofing Supply, Inc		3,276,600
	8,488	*,e	Blue Bird Corp		150,662
	76,540	*	BMC Stock Holdings, Inc		1,683,880
	48,837		Briggs & Stratton Corp		1,143,763
	113,438	*	Builders FirstSource, Inc		1,777,573
	26,518	*	Caesarstone Sdot-Yam Ltd		930,782
	18,049	*	CAI International, Inc		473,425
	36,423	*	Chart Industries, Inc		1,238,382
	118,481	e	Chicago Bridge & Iron Co NV		2,220,334
	19,516		CIRCOR International, Inc		976,971
	22,901		Columbus McKinnon Corp		590,846
	43,172		Comfort Systems USA, Inc		1,437,628
	29,544	*	Commercial Vehicle Group, Inc		259,396
	47,029	*	Continental Building Products Inc		1,034,638
	17,325	*	CSW Industrials, Inc		676,541
	29,894		Cubic Corp		1,424,449
	52,145		Curtiss-Wright Corp		5,027,821
	72,750	*	DigitalGlobe, Inc		2,538,975
	16,173		DMC Global, Inc		224,805
	25,897		Douglas Dynamics, Inc		823,525
	12,564	*	Ducommun, Inc		363,853
	18,849	*	DXP Enterprises, Inc		538,893
	35,736	*	Dycom Industries, Inc		3,237,682
	6,567		Eastern Co		191,100
	69,532		EMCOR Group, Inc		4,693,410
	23,779		Encore Wire Corp		1,060,543
	22,076	*	Energous Corp		325,179
	43,763	*,e	Energy Recovery, Inc		332,599
	51,190		EnerSys		3,699,501
	21,188	*	Engility Holdings, Inc		618,054

252

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	24,819		EnPro Industries, Inc	$	1,911,559
	4,110	e	EnviroStar, Inc		104,188
	29,904		ESCO Technologies, Inc		1,845,077
	30,924	*	Esterline Technologies Corp		2,984,166
	70,099		Federal Signal Corp		1,296,831
	14,876	*	Foundation Building Materials, Inc		179,405
	54,455		Franklin Electric Co, Inc		2,199,982
	14,079		Freightcar America, Inc		231,459
	46,125	e	GATX Corp		2,851,909
	9,606	*	Gencor Industries, Inc		154,176
	72,495	*	Generac Holdings, Inc		2,607,645
	58,442		General Cable Corp		1,127,931
	37,757	*	Gibraltar Industries, Inc		1,127,046
	25,758		Global Brass & Copper Holdings, Inc		825,544
	28,043	*	GMS, Inc		841,851
	20,570		Gorman-Rupp Co		621,625
	11,311		Graham Corp		226,333
	46,683		Granite Construction, Inc		2,288,401
	71,430	*	Great Lakes Dredge & Dock Corp		282,148
	32,140	e	Greenbrier Cos, Inc		1,446,300
	34,452		Griffon Corp		706,266
	36,946		H&E Equipment Services, Inc		833,871
	13,184		Hardinge, Inc		159,526
	94,117	*	Harsco Corp		1,454,108
	48,014	*	HC2 Holdings, Inc		288,564
	28,766	*	Herc Holdings, Inc		1,305,401
	74,719		Hillenbrand, Inc		2,689,884
	7,214		Hurco Cos, Inc		237,701
	27,912	*,e	Huttig Building Products, Inc		199,013
	12,058		Hyster-Yale Materials Handling, Inc		854,430
	10,618	*	IES Holdings, Inc		180,506
	21,812		Insteel Industries, Inc		574,092
	26,236	*	JELD-WEN Holding, Inc		856,605
	37,078		John Bean Technologies Corp		3,426,007
	12,928		Kadant, Inc		1,009,030
	31,539		Kaman Corp		1,612,274
	169,552		KBR, Inc		2,529,716
	94,795		Kennametal, Inc		3,497,935
	56,510	*,e	KEYW Holding Corp, The		498,983
	61,056	*	KLX, Inc		3,170,028
	83,882	*	Kratos Defense & Security Solutions, Inc		923,121
	7,652	*	Lawson Products, Inc		176,379
	21,374	*	Layne Christensen Co		226,351
	9,754	*	LB Foster Co (Class A)		171,670
	12,272		Lindsay Corp		1,124,974
	29,798		LSI Industries, Inc		249,409
	19,847	*	Lydall, Inc		982,427
	150,896		Manitowoc Co, Inc		861,616
	35,065	*	Masonite International Corp		2,722,797
	78,642	*	Mastec, Inc		3,633,260
	55,148	*	Mercury Systems, Inc		2,421,549
	98,159	*	Meritor, Inc		1,696,188
	52,458	*	Milacron Holdings Corp		943,195

253

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	13,385		Miller Industries, Inc	$	349,349
	37,560	*	Moog, Inc (Class A)		2,791,459
	106,270	*	MRC Global, Inc		1,736,452
	66,909		Mueller Industries, Inc		2,107,634
	181,123		Mueller Water Products, Inc (Class A)		2,101,027
	18,778	*	MYR Group, Inc		597,328
	5,905	e	National Presto Industries, Inc		667,856
	58,637	*	Navistar International Corp		1,804,260
	47,609	*	NCI Building Systems, Inc		856,962
	9,456	*	Neff Corp		198,576
	30,566	*	Nexeo Solutions, Inc		254,615
	31,618		NN, Inc		875,819
	11,136	*	Northwest Pipe Co		168,265
	125,683	*	NOW, Inc		2,002,130
	9,290	*	NV5 Holdings, Inc		386,000
	3,308		Omega Flex, Inc		198,612
	32,235	*	Orion Marine Group, Inc		226,290
	19,268	*	Patrick Industries, Inc		1,466,295
	57,087	*	PGT, Inc		742,131
	262,295	*,e	Plug Power, Inc		592,787
	25,874	*	Ply Gem Holdings, Inc		452,795
	11,025		Powell Industries, Inc		351,146
	3,590		Preformed Line Products Co		174,905
	46,828		Primoris Services Corp		1,166,954
	29,142	*	Proto Labs, Inc		2,153,594
	40,567		Quanex Building Products Corp		872,191
	42,355		Raven Industries, Inc		1,457,012
	27,279	*	RBC Bearings, Inc		2,819,012
	14,825		REV Group, Inc		396,569
	14,564	*,e	Revolution Lighting Technologies, Inc		107,628
	122,933	*	Rexnord Corp		2,847,128
	6,213	*	Rush Enterprises, Inc		252,745
	34,977	*	Rush Enterprises, Inc (Class A)		1,508,558
	48,469		Simpson Manufacturing Co, Inc		2,146,692
	39,887	*	SiteOne Landscape Supply, Inc		2,094,068
	10,951	*	Sparton Corp		252,530
	49,890	*	SPX Corp		1,372,973
	48,567	*	SPX FLOW, Inc		1,722,186
	14,771		Standex International Corp		1,417,277
	30,344	*	Sterling Construction Co, Inc		387,796
	28,098		Sun Hydraulics Corp		1,162,133
	99,125	*,e	Sunrun, Inc		746,411
	15,947		Supreme Industries, Inc		239,843
	20,636		Tennant Co		1,559,050
	31,824		Textainer Group Holdings Ltd		515,549
	13,135	*,e	The ExOne Company		148,031
	37,737	*	Thermon Group Holdings		674,360
	58,452		Titan International, Inc		745,263
	21,827	*	Titan Machinery, Inc		389,612
	12,508	*	TPI Composites, Inc		235,651
	34,789	*	Trex Co, Inc		2,616,481
	54,175	*	Trimas Corp		1,319,161
	50,943		Triton International Ltd		1,837,005

254

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	57,330		Triumph Group, Inc	$	1,467,648
	44,462	*	Tutor Perini Corp		1,182,689
	9,908	*	Twin Disc, Inc		167,643
	23,787		Universal Forest Products, Inc		1,994,540
	13,194	*	Vectrus, Inc		448,728
	13,435	*	Veritiv Corp		499,110
	19,740	*	Vicor Corp		350,385
	69,742		Wabash National Corp		1,330,677
	32,720		Watts Water Technologies, Inc (Class A)		2,107,168
	66,083	*	Wesco Aircraft Holdings, Inc		717,001
	3,809	*	Willis Lease Finance Corp		96,292
	62,782		Woodward Governor Co		4,390,973
			TOTAL CAPITAL GOODS		214,638,222
COMMERCIAL & PROFESSIONAL SERVICES - 3.7%
	65,933		ABM Industries, Inc		2,941,930
	59,583	*	Acacia Research (Acacia Technologies)		205,561
	126,632	*	ACCO Brands Corp		1,475,263
	29,126	*	Advanced Disposal Services, Inc		704,267
	47,604	*	Advisory Board Co		2,675,345
	19,580	*,e	Aqua Metals, Inc		228,694
	51,437	*	ARC Document Solutions, Inc		177,972
	8,519		Barrett Business Services, Inc		468,801
	7,772	e	BG Staffing, Inc		129,482
	54,550		Brady Corp (Class A)		1,811,060
	53,854		Brink’s Co		4,208,690
	45,861	*	Casella Waste Systems, Inc (Class A)		769,548
	59,782	*	CBIZ, Inc		887,763
	34,683		Ceco Environmental Corp		335,038
	21,917	*,e	Cogint, Inc		96,435
	1,670		Compx International, Inc		24,215
	139,392	e	Covanta Holding Corp		2,104,819
	9,820		CRA International, Inc		381,114
	57,166		Deluxe Corp		4,127,385
	144,544	*,m	Dyax Corp		160,444
	29,337		Ennis, Inc		564,737
	43,859		Essendant, Inc		547,360
	30,116		Exponent, Inc		1,963,563
	11,828	*	Franklin Covey Co		220,592
	48,223	*	FTI Consulting, Inc		1,582,197
	14,730	*	GP Strategies Corp		422,014
	84,092		Healthcare Services Group		4,393,807
	22,279		Heidrick & Struggles International, Inc		403,250
	17,450	*	Heritage-Crystal Clean, Inc		328,060
	70,223		Herman Miller, Inc		2,364,760
	40,726	*	Hill International, Inc		205,666
	52,496		HNI Corp		1,981,724
	43,073	*	Hudson Technologies, Inc		348,461
	26,034	*	Huron Consulting Group, Inc		924,207
	21,248	*	ICF International, Inc		961,472
	53,029	*	Innerworkings, Inc		625,212
	21,437		Insperity, Inc		1,618,493
	72,797		Interface, Inc		1,379,503

255

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	35,712		Kelly Services, Inc (Class A)	$	795,306
	27,572		Kforce, Inc		515,596
	42,894		Kimball International, Inc (Class B)		715,043
	57,513		Knoll, Inc		1,113,452
	60,123		Korn/Ferry International		2,011,114
	38,930		LSC Communications, Inc		832,323
	36,830		Matthews International Corp (Class A)		2,414,206
	27,626		McGrath RentCorp		981,552
	122,474	*,m	Media General, Inc		0
	20,140	*	Mistras Group, Inc		405,821
	52,272		Mobile Mini, Inc		1,609,978
	39,369		MSA Safety, Inc		3,155,819
	16,051		Multi-Color Corp		1,292,106
	55,924	*	Navigant Consulting, Inc		946,793
	9,268	*	NL Industries, Inc		72,290
	59,991	*	On Assignment, Inc		2,954,557
	13,965	*	Pendrell Corp		97,476
	36,471		Quad Graphics, Inc		819,139
	33,622		Resources Connection, Inc		448,854
	52,975	*	RPX Corp		724,168
	83,231		RR Donnelley & Sons Co		1,028,735
	20,424	*	SP Plus Corp		667,865
	100,076		Steelcase, Inc (Class A)		1,366,037
	34,312	*	Team, Inc		492,377
	67,476		Tetra Tech, Inc		3,201,736
	47,886	*	TriNet Group, Inc		1,676,010
	49,132	*	TrueBlue, Inc		1,255,323
	17,998		Unifirst Corp		2,560,216
	25,624		US Ecology, Inc		1,329,886
	24,045		Viad Corp		1,287,610
	10,321		VSE Corp		535,144
	43,967	*	WageWorks, Inc		2,866,648
	50,547		West Corp		1,181,283
	8,737	*	Willdan Group, Inc		293,651
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		86,397,018
CONSUMER DURABLES & APPAREL - 2.6%
	27,049		Acushnet Holdings Corp		499,595
	65,611	*,e	American Outdoor Brands Corp		1,356,179
	12,138		Bassett Furniture Industries, Inc		451,534
	37,278	*	Beazer Homes USA, Inc		494,306
	24,098	*	Black Diamond, Inc		156,637
	109,412		Callaway Golf Co		1,392,815
	9,964	*	Cavco Industries, Inc		1,299,306
	20,170	*	Century Communities, Inc		522,403
	34,281		Columbia Sportswear Co		2,076,743
	88,662	*	CROCS, Inc		703,976
	11,208		CSS Industries, Inc		300,038
	12,782		Culp, Inc		383,460
	37,225	*	Deckers Outdoor Corp		2,414,413
	7,803	*	Delta Apparel, Inc		164,097
	12,451		Escalade, Inc		153,770
	29,152		Ethan Allen Interiors, Inc		934,322

256

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	8,919		Flexsteel Industries, Inc	$	499,286
	50,398	*	Fossil Group, Inc		566,977
	50,517	*	G-III Apparel Group Ltd		1,314,958
	124,946	*,e	GoPro, Inc		1,029,555
	27,060	*	Green Brick Partners, Inc		304,425
	32,203	*	Helen of Troy Ltd		3,244,452
	13,290		Hooker Furniture Corp		560,838
	147,864	*	Hovnanian Enterprises, Inc (Class A)		325,301
	58,559	*	Iconix Brand Group, Inc		390,589
	25,213	*	Installed Building Products Inc		1,356,459
	31,177	*	iRobot Corp		3,289,485
	5,691		Johnson Outdoors, Inc		287,509
	98,722		KB Home		2,262,708
	56,670		La-Z-Boy, Inc		1,915,446
	20,219	*,e	LGI Homes, Inc		895,702
	28,328		Libbey, Inc		254,952
	11,479		Lifetime Brands, Inc		217,527
	27,925	*	M/I Homes, Inc		724,374
	20,826	*	Malibu Boats Inc		595,832
	9,223		Marine Products Corp		133,918
	21,602		MCBC Holdings, Inc		399,637
	49,477		MDC Holdings, Inc		1,696,566
	45,274	*	Meritage Homes Corp		1,844,915
	17,997		Movado Group, Inc		442,726
	4,690		Nacco Industries, Inc (Class A)		307,664
	35,512	*	Nautilus, Inc		625,011
	15,085	*	New Home Co Inc		163,069
	19,614		Oxford Industries, Inc		1,238,232
	15,421	*	Perry Ellis International, Inc		302,868
	48,257	*,e	Sequential Brands Group, Inc		154,905
	69,668	*	Steven Madden Ltd		2,856,388
	20,004	e	Sturm Ruger & Co, Inc		1,152,230
	10,648		Superior Uniform Group, Inc		237,770
	71,667	*	Taylor Morrison Home Corp		1,621,108
	43,418	*	TopBuild Corp		2,291,602
	185,389	*	TRI Pointe Homes, Inc		2,465,674
	8,797	*	UCP, Inc (Class A)		98,087
	18,157	*	Unifi, Inc		594,823
	16,526	*	Universal Electronics, Inc		1,131,205
	24,025	*	Vera Bradley, Inc		242,172
	67,996	*	Vista Outdoor, Inc		1,570,028
	7,194		Weyco Group, Inc		200,569
	28,011	*	William Lyon Homes, Inc		633,329
	111,306		Wolverine World Wide, Inc		3,138,829
	32,007	*	Zagg, Inc		270,459
			TOTAL CONSUMER DURABLES & APPAREL		59,153,753
CONSUMER SERVICES - 4.0%
	73,272	*	Adtalem Global Education, Inc		2,381,340
	18,794	*	American Public Education, Inc		400,312
	12,752	*	Ascent Media Corp (Series A)		215,509
	104,748	*	Belmond Ltd.		1,366,961
	24,720	*	BJ’s Restaurants, Inc		872,616

257

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	116,892		Bloomin’ Brands, Inc	$	2,037,428
	23,303		Bob Evans Farms, Inc		1,612,102
	20,371	*	Bojangles’, Inc		270,934
	96,713		Boyd Gaming Corp		2,423,628
	22,506	*	Bridgepoint Education, Inc		218,533
	58,523		Brinker International, Inc		2,075,811
	19,168	*	Buffalo Wild Wings, Inc		2,060,560
	56,967	*	Caesars Acquisition Co		1,105,160
	66,587	*,e	Caesars Entertainment Corp		822,349
	16,090	*	Cambium Learning Group, Inc		79,163
	13,681		Capella Education Co		939,885
	79,280	*	Career Education Corp		666,745
	18,014		Carriage Services, Inc		439,361
	40,523	*	Carrols Restaurant Group, Inc		494,381
	25,429	*	Century Casinos, Inc		182,835
	53,031		Cheesecake Factory		2,523,215
	97,966	*,e	Chegg, Inc		1,356,829
	15,966		Churchill Downs, Inc		2,986,440
	19,485	*	Chuy’s Holdings, Inc		458,872
	75,047		ClubCorp Holdings, Inc		1,272,047
	9,036		Collectors Universe		224,816
	22,692	e	Cracker Barrel Old Country Store, Inc		3,527,471
	49,284	*	Dave & Buster’s Entertainment, Inc		3,061,029
	25,732	*	Del Frisco’s Restaurant Group, Inc		365,394
	38,713	*	Del Taco Restaurants, Inc		506,753
	80,428	*	Denny’s Corp		913,662
	20,317	e	DineEquity, Inc		835,841
	79,373	*	Drive Shack, Inc		242,881
	22,879	*	El Pollo Loco Holdings, Inc		297,427
	55,139	*	Eldorado Resorts, Inc		1,124,836
	3,992	*	Empire Resorts, Inc		91,217
	30,326	*	Fiesta Restaurant Group, Inc		509,477
	11,048	*	Fogo De Chao, Inc		149,700
	12,435		Golden Entertainment, Inc		255,912
	55,382	*	Grand Canyon Education, Inc		4,074,454
	23,667	*,e	Habit Restaurants, Inc		389,322
	122,844	*	Houghton Mifflin Harcourt Co		1,467,986
	125,640		ILG, Inc		3,330,716
	29,137		International Speedway Corp (Class A)		1,043,105
	14,997	*	Intrawest Resorts Holdings Inc		356,179
	16,109	*	J Alexander’s Holdings, Inc		169,950
	37,380		Jack in the Box, Inc		3,467,369
	40,157	*	K12, Inc		711,180
	97,172	*	La Quinta Holdings, Inc		1,448,835
	41,361	*	Laureate Education, Inc		703,964
	7,785		Liberty Tax, Inc		109,769
	23,604	*	Lindblad Expeditions Holdings, Inc		236,276
	21,890		Marcus Corp		595,408
	25,861		Marriott Vacations Worldwide Corp		3,021,858
	12,576	*	Monarch Casino & Resort, Inc		416,140
	3,345	*	Nathan’s Famous, Inc		209,063
	13,996	*,e	Noodles & Co		53,885
	32,083		Papa John’s International, Inc		2,288,480

258

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	99,525	*	Penn National Gaming, Inc	$	2,006,424
	62,936	*	Pinnacle Entertainment, Inc		1,195,784
	99,110		Planet Fitness, Inc		2,245,833
	27,002	*	Potbelly Corp		310,523
	10,626	e	RCI Hospitality Holdings, Inc		241,104
	20,975	*	Red Lion Hotels Corp		149,971
	15,348	*	Red Robin Gourmet Burgers, Inc		917,810
	79,766		Red Rock Resorts, Inc		1,906,407
	41,909	*	Regis Corp		441,302
	66,949	*	Ruby Tuesday, Inc		135,237
	35,119		Ruth’s Chris Steak House, Inc		702,380
	62,626	*	Scientific Games Corp (Class A)		2,320,293
	81,271	e	SeaWorld Entertainment, Inc		1,249,948
	25,610	*,e	Shake Shack, Inc		845,386
	47,900	e	Sonic Corp		1,133,314
	44,860	*	Sotheby’s (Class A)		2,538,627
	13,226		Speedway Motorsports, Inc		281,185
	1,170	*	Steak N Shake Co		437,954
	12,625		Strayer Education, Inc		992,578
	79,027		Texas Roadhouse, Inc (Class A)		3,737,977
	32,833	*,e	Weight Watchers International, Inc		1,176,078
	33,933		Wingstop, Inc		1,018,329
	21,808	*,e	Zoe’s Kitchen, Inc		246,648
			TOTAL CONSUMER SERVICES		91,694,463
DIVERSIFIED FINANCIALS - 3.1%
	32,318		AG Mortgage Investment Trust		594,974
	111,193		Anworth Mortgage Asset Corp		669,382
	108,026		Apollo Commercial Real Estate Finance, Inc		1,947,709
	32,219		Ares Commercial Real Estate Corp		412,403
	26,698	e	Arlington Asset Investment Corp (Class A)		344,404
	43,666		ARMOUR Residential REIT, Inc		1,103,003
	52,204		Artisan Partners Asset Management, Inc		1,735,783
	5,894		Associated Capital Group, Inc		197,744
	15,891		B. Riley Financial, Inc		309,080
	113,764		Capstead Mortgage Corp		1,112,612
	13,666		Cherry Hill Mortgage Investment Corp		262,251
	24,839		Cohen & Steers, Inc		1,003,496
	29,978	*	Cowen Group, Inc		479,648
	178,448		CYS Investments, Inc		1,518,592
	3,718		Diamond Hill Investment Group, Inc		734,305
	30,761	*	Donnelley Financial Solutions, Inc		713,655
	53,430		Dynex Capital, Inc		369,201
	16,871	*	Elevate Credit, Inc		138,848
	9,630		Ellington Residential Mortgage REIT		142,813
	28,331	*,e	Encore Capital Group, Inc		1,136,073
	38,757	*	Enova International, Inc		561,976
	48,325		Evercore Partners, Inc (Class A)		3,800,761
	59,886	*	Ezcorp, Inc (Class A)		467,111
	5,533	e	Fifth Street Asset Management, Inc		22,685
	68,961		Financial Engines, Inc		2,651,550
	56,000		FirstCash, Inc		3,256,400
	74,158	*	FNFV Group		1,279,225

259

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	42,779		Gain Capital Holdings, Inc	$	287,047
	5,392		GAMCO Investors, Inc (Class A)		165,588
	17,588		Great Ajax Corp		244,825
	53,721	*	Green Dot Corp		2,161,733
	32,171		Greenhill & Co, Inc		595,164
	16,216		Hamilton Lane, Inc		364,211
	58,754		Hannon Armstrong Sustainable Infrastructure Capital, Inc		1,366,031
	25,973		Houlihan Lokey, Inc		965,676
	17,814	*	INTL FCStone, Inc		697,062
	132,234		Invesco Mortgage Capital, Inc		2,199,051
	39,126		Investment Technology Group, Inc		863,511
	29,520	e	iShares Russell 2000 Index Fund		4,177,375
	12,191	e	KKR Real Estate Finance Trust, Inc		249,916
	83,943		Ladder Capital Corp		1,104,690
	127,467	*	Ladenburg Thalmann Financial Services, Inc		290,625
	373,315	*	LendingClub Corp		1,892,707
	11,119		Marlin Business Services Corp		289,094
	5,657		Medley Management, Inc		36,205
	29,964		Moelis & Co		1,225,528
	53,541		MTGE Investment Corp		995,863
	23,350		Nelnet, Inc (Class A)		1,146,252
	132,303		New York Mortgage Trust, Inc		836,155
	35,784		NewStar Financial, Inc		391,477
	64,485		OM Asset Management plc		971,789
	60,523	*	On Deck Capital, Inc		260,249
	12,657		Oppenheimer Holdings, Inc		199,348
	39,141		Orchid Island Capital, Inc		373,014
	12,075		Owens Realty Mortgage, Inc		208,777
	77,160		PennyMac Mortgage Investment Trust		1,358,016
	27,062	*	Pico Holdings, Inc		439,758
	17,102		Piper Jaffray Cos		1,067,165
	21,172		PJT Partners, Inc		918,441
	53,974	*	PRA Group, Inc		2,115,781
	19,726		Pzena Investment Management, Inc (Class A)		208,109
	90,076		Redwood Trust, Inc		1,555,613
	12,014	*	Regional Management Corp		288,216
	35,297		Resource Capital Corp		361,794
	23,190	*	Safeguard Scientifics, Inc		275,961
	8,405		Silvercrest Asset Management Group, Inc		106,323
	78,765	*	Stifel Financial Corp		4,005,200
	29,168		Tiptree Financial, Inc		199,801
	1,276		Value Line, Inc		22,572
	29,013	e	Virtu Financial, Inc		480,165
	7,982		Virtus Investment Partners, Inc		940,280
	95,396		Waddell & Reed Financial, Inc (Class A)		1,971,835
	48,328		Western Asset Mortgage Capital Corp		502,128
	9,732		Westwood Holdings Group, Inc		573,701
	843	*,e,m	Wins Finance Holdings, Inc		132,772
	134,858	e	WisdomTree Investments, Inc		1,407,918
	6,913	*	World Acceptance Corp		522,415
	19,482		ZAIS Financial Corp		288,334
			TOTAL DIVERSIFIED FINANCIALS		71,266,945

260

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
ENERGY - 3.6%
	178,075	*	Abraxas Petroleum Corp	$	316,973
	2,617		Adams Resources & Energy, Inc		99,420
	50,922	*,e	Approach Resources, Inc		159,386
	25,719		Arch Coal, Inc		1,956,444
	82,718		Archrock, Inc		905,762
	33,506		Ardmore Shipping Corp		266,373
	90,053	*,e	Atwood Oceanics, Inc		707,817
	20,427	*	Basic Energy Services, Inc		457,565
	88,257	*	Bill Barrett Corp		298,309
	24,238	*	Bonanza Creek Energy, Inc		703,871
	37,739	e	Bristow Group, Inc		278,136
	54,411	*	C&J Energy Services, Inc		1,759,652
	49,973	*,e	California Resources Corp		405,781
	237,545	*	Callon Petroleum Co		2,689,009
	27,152	*,e	CARBO Ceramics, Inc		191,965
	74,071	*	Carrizo Oil & Gas, Inc		1,167,359
	159,866	*	Clean Energy Fuels Corp		418,849
	86,813	*	Cloud Peak Energy, Inc		300,373
	29,959	*	Contango Oil & Gas Co		179,754
	18,813	e	CVR Energy, Inc		355,754
	91,849		Delek US Holdings, Inc		2,398,177
	461,125	*	Denbury Resources, Inc		673,242
	90,344		DHT Holdings, Inc		375,831
	77,378	*,e	Diamond Offshore Drilling, Inc		961,035
	22,286	*	Dorian LPG Ltd		160,459
	44,503	*	Dril-Quip, Inc		1,984,834
	10,820	*,e	Earthstone Energy, Inc		106,793
	102,621	*	Eclipse Resources Corp		288,365
	34,714	*	Energy XXI Gulf Coast, Inc		686,990
	362,452		Ensco plc		1,917,371
	44,712	*,e	EP Energy Corp		151,127
	23,812	*	Era Group, Inc		208,593
	32,073		Evolution Petroleum Corp		275,828
	37,718	*	Exterran Corp		1,044,411
	179,381	*,e	Fairmount Santrol Holdings, Inc		523,792
	81,041	*	Forum Energy Technologies, Inc		1,073,793
	58,496	e	Frank’s International NV		473,818
	89,961	e	Frontline Ltd		515,476
	48,376	e	GasLog Ltd		882,862
	204,445	*,e	Gastar Exploration, Inc		175,823
	55,272	*	Gener8 Maritime, Inc		295,705
	15,157	*	Geospace Technologies Corp		233,266
	113,170	e	Golar LNG Ltd		2,694,578
	45,094		Green Plains Renewable Energy, Inc		890,606
	15,748		Gulf Island Fabrication, Inc		179,527
	71,747	*	Halcon Resources Corp		470,660
	17,984		Hallador Energy Co		123,910
	165,109	*	Helix Energy Solutions Group, Inc		1,079,813
	39,698	*	Independence Contract Drilling, Inc		153,631
	34,321	*	International Seaways, Inc		782,862
	815	*,e	Isramco, Inc		93,847
	37,925	*	Jagged Peak Energy, Inc		537,018

261

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	37,450	*,e	Jones Energy, Inc (Class A)	$	56,175
	37,178	*,e	Keane Group, Inc		569,939
	12,112	*,e	Key Energy Services, Inc		227,948
	50,009	*,e	Lilis Energy, Inc		226,541
	9,634	*	Mammoth Energy Services, Inc		141,331
	106,776	*	Matador Resources Co		2,590,386
	31,260	*	Matrix Service Co		323,541
	333,275	*	McDermott International, Inc		2,256,272
	13,171	*	Midstates Petroleum Co, Inc		186,765
	14,645	*	Natural Gas Services Group, Inc		365,393
	101,438		Navios Maritime Acq Corp		143,028
	12,987	*	NCS Multistage Holdings, Inc		291,558
	104,339	*	Newpark Resources, Inc		871,231
	286,418		Noble Corp plc		1,145,672
	117,430	e	Nordic American Tanker Shipping		690,488
	276,700	*	Oasis Petroleum, Inc		2,152,726
	61,074	*	Oil States International, Inc		1,517,689
	51,818		Overseas Shipholding Group, Inc		159,599
	48,082	*	Pacific Ethanol, Inc		300,512
	18,403		Panhandle Oil and Gas, Inc (Class A)		404,866
	37,839	*	Par Pacific Holdings, Inc		677,696
	155,695	*	Parker Drilling Co		186,834
	77,948	*	PDC Energy, Inc		3,676,028
	57,564	*	Peabody Energy Corp		1,614,095
	16,747	*	Penn Virginia Corp		643,252
	13,161	*	PHI, Inc		127,662
	80,175	*	Pioneer Energy Services Corp		176,385
	29,725	*,e	ProPetro Holding Corp		386,425
	45,105	*	Renewable Energy Group, Inc		563,812
	25,407	*,e	Resolute Energy Corp		862,822
	6,817	*	Rex American Resources Corp		681,564
	15,435	*	RigNet, Inc		292,493
	53,327	*	Ring Energy, Inc		696,451
	2,865	*,e	Rosehill Resources, Inc		22,118
	136,980	*	Rowan Cos plc		1,598,557
	83,184	*,e	Sanchez Energy Corp		469,158
	40,933	*	SandRidge Energy, Inc		790,416
	195,136		Scorpio Tankers, Inc		723,955
	18,742	*	SEACOR Holdings, Inc		638,915
	18,843	*	SEACOR Marine Holdings, Inc		274,731
	4,612	*,e	Select Energy Services, Inc		71,624
	78,142		SemGroup Corp		2,113,741
	71,751	e	Ship Finance International Ltd		975,814
	8,148	*	SilverBow Resources, Inc		203,944
	25,548	*,e	Smart Sand, Inc		168,106
	11,779	*,e	Solaris Oilfield Infrastructure, Inc		153,716
	235,994	*	SRC Energy, Inc		2,008,309
	22,943	*	Stone Energy Corp		495,110
	181,062	*	Superior Energy Services		1,948,227
	63,451	e	Teekay Corp		621,820
	144,706		Teekay Tankers Ltd (Class A)		260,471
	64,359	*,e	Tellurian, Inc		588,885
	57,510	*	Tesco Corp		264,546

262

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	135,908	*	Tetra Technologies, Inc	$	381,901
	229,686	*	Ultra Petroleum Corp		2,363,469
	60,564	*	Unit Corp		1,088,941
	160,189	*,e	Uranium Energy Corp		256,302
	96,309		US Silica Holdings Inc		2,805,481
	106,992	*,e	W&T Offshore, Inc		209,704
	19,645	*	Westmoreland Coal Co		84,670
	23,044	*,e	WildHorse Resource Development Corp		304,642
	44,518	*	Willbros Group, Inc		90,817
			TOTAL ENERGY		83,217,864
FOOD & STAPLES RETAILING - 0.5%
	31,434		Andersons, Inc		1,082,901
	23,613	*	Chefs’ Warehouse Holdings, Inc		342,389
	16,394		Ingles Markets, Inc (Class A)		483,623
	11,393	*	Natural Grocers by Vitamin C		100,372
	83,665	*	Performance Food Group Co		2,409,552
	25,980		Pricesmart, Inc		2,188,815
	26,085	*	Smart & Final Stores, Inc		224,331
	44,647		Spartan Stores, Inc		1,238,508
	319,463	*	Supervalu, Inc		1,143,678
	59,648	*	United Natural Foods, Inc		2,298,237
	9,198		Village Super Market (Class A)		227,467
	11,104		Weis Markets, Inc		525,330
			TOTAL FOOD & STAPLES RETAILING		12,265,203
FOOD, BEVERAGE & TOBACCO - 1.7%
	3,815		Alico, Inc		115,213
	38,891	*,e	Amplify Snack Brands, Inc		406,800
	77,485		B&G Foods, Inc (Class A)		2,808,831
	10,493	*	Boston Beer Co, Inc (Class A)		1,645,302
	18,781		Calavo Growers, Inc		1,390,733
	36,963	*,e	Cal-Maine Foods, Inc		1,410,138
	102,357	*,e	Castle Brands, Inc		183,219
	5,506		Coca-Cola Bottling Co Consolidated		1,321,936
	15,091	*	Craft Brewers Alliance, Inc		264,092
	193,722	*	Darling International, Inc		3,151,857
	106,451		Dean Foods Co		1,596,765
	10,212	*	Farmer Bros Co		318,104
	38,808		Fresh Del Monte Produce, Inc		1,997,448
	28,710	*	Freshpet, Inc		489,506
	93,544	*	Hostess Brands, Inc		1,429,352
	17,737		J&J Snack Foods Corp		2,330,642
	10,081		John B. Sanfilippo & Son, Inc		648,410
	22,187		Lancaster Colony Corp		2,720,570
	31,585	*	Landec Corp		388,496
	6,655	*	Lifeway Foods, Inc		61,026
	14,621		Limoneira Co		332,774
	15,196	e	Mgp Ingredients, Inc		895,956
	13,908		National Beverage Corp		1,420,285
	26,427		Omega Protein Corp		422,832
	29,717	*	Primo Water Corp		368,788
	23,747	e	Sanderson Farms, Inc		3,104,920

263

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	8,108	*	Seneca Foods Corp	$	232,700
	101,536		Snyder’s-Lance, Inc		3,532,437
	19,816	e	Tootsie Roll Industries, Inc		737,155
	5,540	*	Turning Point Brands, Inc		85,427
	29,026		Universal Corp		1,856,213
	109,233		Vector Group Ltd		2,198,860
			TOTAL FOOD, BEVERAGE & TOBACCO		39,866,787
HEALTH CARE EQUIPMENT & SERVICES - 6.5%
	13,836	*	AAC Holdings, Inc		86,752
	26,185		Abaxis, Inc		1,230,695
	95,674	*	Accuray, Inc		406,614
	34,765		Aceto Corp		586,833
	9,018	*	Addus HomeCare Corp		306,161
	214,007	*	Allscripts Healthcare Solutions, Inc		2,634,426
	14,990	*	Almost Family, Inc		741,255
	33,341	*	Amedisys, Inc		1,579,030
	11,409	*,e	American Renal Associates Holdings, Inc		195,094
	55,432	*	AMN Healthcare Services, Inc		2,045,441
	14,900		Analogic Corp		1,045,980
	42,908	*	Angiodynamics, Inc		697,255
	17,095	*	Anika Therapeutics, Inc		874,580
	168,761	*	Antares Pharma, Inc		529,910
	37,600	*	AtriCure, Inc		911,048
	1,661		Atrion Corp		1,050,084
	32,054	*	AxoGen, Inc		506,453
	135,192	*,e	BioScrip, Inc		390,705
	32,863	*	BioTelemetry, Inc		1,123,915
	42,597		Cantel Medical Corp		3,160,697
	28,891	*	Capital Senior Living Corp		398,696
	37,414	*	Cardiovascular Systems, Inc		1,180,412
	75,088	*,e	Castlight Health, Inc		322,878
	121,010	*,e	Cerus Corp		273,483
	18,566		Chemed Corp		3,666,785
	18,740	*	Civitas Solutions, Inc		334,509
	113,135	*	Community Health Systems, Inc		808,915
	13,516	e	Computer Programs & Systems, Inc		414,265
	45,074	*	ConforMIS, Inc		225,821
	32,155		Conmed Corp		1,650,195
	93,990	*,e	Corindus Vascular Robotics, Inc		156,023
	11,151	*	Corvel Corp		530,230
	31,155	*	Cotiviti Holdings, Inc		1,341,223
	41,163	*	Cross Country Healthcare, Inc		484,077
	38,323	*	CryoLife, Inc		718,556
	15,490	*	Cutera, Inc		403,514
	55,746	*	Diplomat Pharmacy, Inc		884,689
	96,080	*	Endologix, Inc		469,831
	57,415		Ensign Group, Inc		1,284,374
	14,265	*,e	Entellus Medical, Inc		250,351
	45,142	*	Evolent Health, Inc		1,115,007
	12,544	*	Exactech, Inc		365,658
	7,193	*	FONAR Corp		184,860
	37,725	*	Genesis Health Care, Inc		54,324

264

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	51,638	*	GenMark Diagnostics, Inc	$	610,878
	33,499	*	Glaukos Corp		1,345,990
	83,280	*	Globus Medical, Inc		2,560,860
	61,880	*	Haemonetics Corp		2,545,124
	54,981	*	Halyard Health, Inc		2,211,336
	58,854	*	HealthEquity, Inc		2,699,633
	105,412		Healthsouth Corp		4,486,335
	30,569	*	HealthStream, Inc		722,040
	98,417	*	HMS Holdings Corp		1,976,213
	17,744	*	ICU Medical, Inc		3,050,194
	19,977	*	Inogen Inc		1,885,429
	73,166	*,e	Inovalon Holdings, Inc		929,208
	68,660	*	Insulet Corp		3,454,285
	36,321	*	Integer Holding Corp		1,663,502
	72,670	*	Integra LifeSciences Holdings Corp		3,608,792
	38,079		Invacare Corp		595,936
	16,209	*	iRhythm Technologies, Inc		670,404
	47,466	*	K2M Group Holdings, Inc		1,154,848
	98,117		Kindred Healthcare, Inc		878,147
	10,693		Landauer, Inc		582,234
	30,473	*	Lantheus Holdings, Inc		562,227
	17,437		LeMaitre Vascular, Inc		628,953
	18,793	*	LHC Group, Inc		1,088,115
	56,917	*	LivaNova plc		3,468,522
	27,953	*	Magellan Health Services, Inc		2,083,896
	52,926	*	Masimo Corp		5,006,800
	66,246	*	Medidata Solutions, Inc		5,088,355
	48,932		Meridian Bioscience, Inc		663,029
	57,860	*	Merit Medical Systems, Inc		2,372,260
	51,956	*	Molina Healthcare, Inc		3,470,661
	20,810	*,e	NantHealth, Inc		89,067
	13,284		National Healthcare Corp		865,718
	10,966		National Research Corp		322,400
	38,007	*	Natus Medical, Inc		1,337,846
	43,750	*	Neogen Corp		2,881,813
	32,649	*	Nevro Corp		2,809,773
	67,655	*,e	Novocure Ltd		1,393,693
	59,871	*	NuVasive, Inc		3,938,913
	76,152	*	NxStage Medical, Inc		1,793,380
	9,138	*,e	Obalon Therapeutics, Inc		77,673
	43,159	*	Omnicell, Inc		2,140,686
	66,173	*	OraSure Technologies, Inc		1,160,674
	20,282	*	Orthofix International NV		879,833
	71,499		Owens & Minor, Inc		2,304,413
	26,771	*	Oxford Immunotec Global plc		449,753
	34,542	*	Penumbra, Inc		2,820,354
	35,391	*	PharMerica Corp		890,084
	13,475	*	Providence Service Corp		694,502
	10,716	*,e	Pulse Biosciences, Inc		208,212
	62,161	*	Quality Systems, Inc		1,062,953
	32,231	*	Quidel Corp		1,031,070
	31,499	*	Quotient Ltd		173,874
	117,885	*,e	R1 RCM, Inc		399,630

265

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	43,392	*	RadNet, Inc	$	334,118
	56,389	*,e	Rockwell Medical, Inc		402,054
	65,561	*	RTI Biologics, Inc		373,698
	126,173	*	Select Medical Holdings Corp		2,044,003
	16,751	*,e	Sientra, Inc		172,200
	12,818		Simulations Plus, Inc		189,706
	50,927	*	Spectranetics Corp		1,960,690
	48,836	*	Staar Surgical Co		500,569
	22,611	*	Surgery Partners, Inc		448,828
	15,380	*	SurModics, Inc		404,494
	10,949	*	Tabula Rasa HealthCare, Inc		170,804
	10,762	*,e	Tactile Systems Technology, Inc		318,017
	63,240	*	Teladoc, Inc		2,074,272
	96,661	*,e	Tenet Healthcare Corp		1,677,068
	42,804	*	Tivity Health, Inc		1,697,179
	26,953	*	Triple-S Management Corp (Class B)		417,232
	14,224		US Physical Therapy, Inc		897,534
	4,059		Utah Medical Products, Inc		280,477
	44,825	*	Varex Imaging Corp		1,382,851
	34,416	*,e	ViewRay, Inc		162,788
	17,568	*,e	Viveve Medical, Inc		116,124
	32,825	*	Vocera Communications, Inc		895,138
	123,407	*	Wright Medical Group NV		3,241,902
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		149,573,870
HOUSEHOLD & PERSONAL PRODUCTS - 0.4%
	12,748	*	Central Garden & Pet Co		407,936
	41,272	*	Central Garden and Pet Co (Class A)		1,269,527
	24,335	*,e	elf Beauty, Inc		617,379
	139,993	*	HRG Group, Inc		2,319,684
	20,344		Inter Parfums, Inc		789,347
	12,324		Medifast, Inc		526,112
	8,350	e	Natural Health Trends Corp		205,661
	12,223		Nature’s Sunshine Products, Inc		154,621
	9,418		Nutraceutical International Corp		393,672
	5,962		Oil-Dri Corp of America		246,588
	11,813	e	Orchids Paper Products Co		133,014
	13,484	*	Revlon, Inc (Class A)		263,612
	13,523	*	USANA Health Sciences, Inc		772,163
	16,203		WD-40 Co		1,728,050
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		9,827,366
INSURANCE - 2.5%
	53,512	*	AMBAC Financial Group, Inc		1,093,250
	102,033		American Equity Investment Life Holding Co		2,732,444
	22,684		Amerisafe, Inc		1,310,001
	101,397	e	Amtrust Financial Services, Inc		1,622,352
	34,076		Argo Group International Holdings Ltd		2,042,856
	12,458	*	Atlas Financial Holdings, Inc		192,476
	11,413		Baldwin & Lyons, Inc (Class B)		267,064
	8,022		Blue Capital Reinsurance Holdings Ltd		154,825
	56,176	*,e	Citizens, Inc (Class A)		452,217
	202,210		Conseco, Inc		4,626,565

266

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	14,063		Crawford & Co (Class B)	$	126,286
	9,879		Donegal Group, Inc (Class A)		148,975
	18,328	*	eHealth, Inc		311,759
	10,262		EMC Insurance Group, Inc		284,257
	37,247		Employers Holdings, Inc		1,614,658
	13,252	*	Enstar Group Ltd		2,684,855
	11,939		FBL Financial Group, Inc (Class A)		810,658
	14,441		Federated National Holding Co		229,901
	13,245	e	Fidelity & Guaranty Life		412,582
	590,708	*	Genworth Financial, Inc (Class A)		2,026,129
	9,538	*	Global Indemnity Ltd		369,693
	35,453	*	Greenlight Capital Re Ltd (Class A)		758,694
	17,649	*	Hallmark Financial Services		198,551
	9,313		HCI Group, Inc		419,923
	13,101	*	Health Insurance Innovations, Inc		367,483
	31,219		Heritage Insurance Holdings, Inc		393,672
	48,297		Horace Mann Educators Corp		1,782,159
	7,770		Independence Holding Co		172,494
	12,863		Infinity Property & Casualty Corp		1,286,943
	1,658		Investors Title Co		292,670
	21,630		James River Group Holdings Ltd		868,661
	46,504		Kemper Corp		1,825,282
	10,652	e	Kingstone Cos, Inc		175,758
	17,002		Kinsale Capital Group, Inc		661,718
	85,136		Maiden Holdings Ltd		945,010
	146,956	*	MBIA, Inc		1,494,543
	57,981		National General Holdings Corp		1,229,777
	2,687		National Western Life Group, Inc		904,417
	24,188		Navigators Group, Inc		1,378,716
	12,045	*,e	NI Holdings, Inc		216,569
	23,411		OneBeacon Insurance Group Ltd (Class A)		428,890
	53,498		Primerica, Inc		4,336,013
	45,404		RLI Corp		2,636,156
	17,046		Safety Insurance Group, Inc		1,209,414
	67,920		Selective Insurance Group, Inc		3,440,148
	18,628		State Auto Financial Corp		480,416
	34,640		State National Cos, Inc		723,283
	24,563		Stewart Information Services Corp		965,326
	89,564	*	Third Point Reinsurance Ltd		1,303,156
	26,383	*,e	Trupanion, Inc		628,443
	25,058		United Fire & Casualty Co		1,130,617
	19,764		United Insurance Holdings Corp		315,433
	36,964		Universal Insurance Holdings, Inc		881,591
			TOTAL INSURANCE		57,365,729
MATERIALS - 4.4%
	33,879		A. Schulman, Inc		891,018
	24,291	e	Advanced Emissions Solutions, Inc		261,128
	35,037	*	AdvanSix, Inc		1,173,039
	25,962	*	AgroFresh Solutions, Inc		202,504
	375,092	*	AK Steel Holding Corp		2,123,021
	127,924	e	Allegheny Technologies, Inc		2,422,881
	33,891		American Vanguard Corp		599,871

267

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	10,517		Ampco-Pittsburgh Corp	$	151,971
	37,350		Balchem Corp		2,898,360
	46,106	*	Boise Cascade Co		1,399,317
	59,730		Calgon Carbon Corp		955,680
	54,525		Carpenter Technology Corp		2,204,446
	58,486	*	Century Aluminum Co		981,395
	8,500		Chase Corp		918,425
	19,026	*	Clearwater Paper Corp		935,128
	350,914	*	Cliffs Natural Resources, Inc		2,709,056
	50,107	*	Codexis, Inc		270,578
	212,512	*	Coeur Mining, Inc		1,759,599
	135,745		Commercial Metals Co		2,524,857
	39,940	e	Compass Minerals International, Inc		2,757,857
	8,563	*	Core Molding Technologies, Inc		163,296
	12,877		Deltic Timber Corp		928,818
	98,266	*	Ferro Corp		1,890,638
	69,112	*,m	Ferroglobe plc		0
	65,118	*,e	Flotek Industries, Inc		548,294
	21,208	*,e	Forterra, Inc		189,387
	29,899		FutureFuel Corp		435,329
	84,472	*	GCP Applied Technologies, Inc		2,559,502
	61,329	*	Gold Resource Corp		260,035
	6,597		Greif, Inc		395,160
	29,921		Greif, Inc (Class A)		1,678,269
	59,407		H.B. Fuller Co		3,060,649
	3,472	*	Handy & Harman Ltd		114,923
	11,299		Hawkins, Inc		507,890
	14,471		Haynes International, Inc		452,653
	468,678		Hecla Mining Co		2,535,548
	50,149	*	Ingevity Corp		2,933,716
	22,857		Innophos Holdings, Inc		954,737
	28,108		Innospec, Inc		1,753,939
	111,599	*	Intrepid Potash, Inc		338,145
	19,736		Kaiser Aluminum Corp		1,920,115
	102,293		Kapstone Paper and Packaging Corp		2,338,418
	206,237	*	Klondex Mines Ltd		657,896
	10,911		KMG Chemicals, Inc		552,315
	24,225	*	Koppers Holdings, Inc		879,367
	35,036	*	Kraton Polymers LLC		1,303,339
	27,222		Kronos Worldwide, Inc		580,373
	170,814	*	Louisiana-Pacific Corp		4,289,139
	23,900	*,e	LSB Industries, Inc		169,212
	23,293		Materion Corp		895,616
	41,523		Minerals Technologies, Inc		2,939,828
	27,177		Myers Industries, Inc		462,009
	19,477		Neenah Paper, Inc		1,556,212
	10,497		Olympic Steel, Inc		179,394
	51,140	*	Omnova Solutions, Inc		480,716
	50,957		PH Glatfelter Co		1,043,090
	96,045		PolyOne Corp		3,513,326
	15,278		Quaker Chemical Corp		2,167,490
	7,201	*,e	Ramaco Resources, Inc		45,438
	50,730		Rayonier Advanced Materials, Inc		756,384

268

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	18,153	*	Ryerson Holding Corp	$	157,023
	31,310		Schnitzer Steel Industries, Inc (Class A)		807,798
	35,637		Schweitzer-Mauduit International, Inc		1,369,174
	52,247		Sensient Technologies Corp		3,885,087
	23,459		Stepan Co		1,927,626
	126,281	*	Summit Materials, Inc		3,591,432
	76,885	*	SunCoke Energy, Inc		688,121
	46,631	*	TimkenSteel Corp		740,967
	23,980	*	Trecora Resources		276,969
	30,330		Tredegar Corp		457,983
	52,394		Trinseo S.A.		3,683,298
	76,236		Tronox Ltd		1,477,454
	7,781	*	UFP Technologies, Inc		224,482
	2,097		United States Lime & Minerals, Inc		170,318
	18,132	*,e	US Concrete, Inc		1,420,642
	30,035		Valhi, Inc		96,412
	38,973	*	Verso Corp		186,291
	19,765		Warrior Met Coal, Inc		432,063
	53,054	*	Worthington Industries, Inc		2,688,246
			TOTAL MATERIALS		100,852,122
MEDIA - 1.4%
	65,615		AMC Entertainment Holdings, Inc		1,338,546
	5,375	e	Beasley Broadcasting Group, Inc		56,438
	99,404	*,e	Central European Media Enterprises Ltd (Class A) (NASDAQ)		432,407
	41,972		Clear Channel Outdoor Holdings, Inc (Class A)		212,798
	1,313	*,e	Daily Journal Corp		268,902
	18,361		Emerald Expositions Events, Inc		420,283
	32,754	e	Entercom Communications Corp (Class A)		322,627
	76,986		Entravision Communications Corp (Class A)		500,409
	32,061	*,e	Eros International plc		320,610
	68,689	*	EW Scripps Co (Class A)		1,349,739
	133,631		Gannett Co, Inc		1,198,670
	61,612	*,e	Global Eagle Entertainment, Inc		194,694
	76,022	*	Gray Television, Inc		1,132,728
	18,241	*	Hemisphere Media Group, Inc		228,013
	68,535	*	Imax Corp		1,466,649
	11,678	*	Liberty Braves Group (Class A)		294,753
	40,233	*	Liberty Braves Group (Class C)		1,015,079
	15,097	*	Loral Space & Communications, Inc		702,765
	66,270		MDC Partners, Inc		656,073
	46,704		Meredith Corp		2,776,553
	70,095	*	MSG Networks, Inc		1,500,033
	72,367		National CineMedia, Inc		517,424
	59,760		New Media Investment Group, Inc		833,054
	147,931		New York Times Co (Class A)		2,810,689
	53,643		Nexstar Broadcasting Group, Inc (Class A)		3,508,252
	20,451	*	Reading International, Inc		326,398
	4,295		Saga Communications, Inc		166,861
	15,215		Salem Communications		108,787
	33,064		Scholastic Corp		1,369,842
	85,147		Sinclair Broadcast Group, Inc (Class A)		3,069,549
	117,329		Time, Inc		1,648,472

269

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	10,198	*	Townsquare Media, Inc	$	112,790
	22,998	*	tronc, Inc		293,685
	44,701		World Wrestling Entertainment, Inc (Class A)		945,873
			TOTAL MEDIA		32,100,445
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.3%
	28,503	*,e	Abeona Therapeutics, Inc		240,850
	30,368	*,e	Accelerate Diagnostics, Inc		797,160
	38,070	*	Acceleron Pharma, Inc		1,223,950
	34,076	*	Achaogen, Inc		647,785
	137,470	*	Achillion Pharmaceuticals, Inc		563,627
	24,047	*	Aclaris Therapeutics, Inc		692,554
	51,653	*	Acorda Therapeutics, Inc		1,118,287
	17,416	*	Adamas Pharmaceuticals, Inc		302,168
	47,829	*	Aduro Biotech, Inc		614,603
	41,772	*,e	Advaxis, Inc		270,265
	35,661	*	Aerie Pharmaceuticals, Inc		1,936,392
	87,888	*	Agenus, Inc		390,223
	41,976	*	Aimmune Therapeutics, Inc		903,324
	42,459	*	Akebia Therapeutics, Inc		560,034
	30,765	*	Albany Molecular Research, Inc		668,831
	56,176	*	Alder Biopharmaceuticals, Inc		603,892
	41,723	*	AMAG Pharmaceuticals, Inc		819,857
	168,976	*	Amicus Therapeutics, Inc		2,188,239
	42,582	*	Amphastar Pharmaceuticals, Inc		735,817
	6,620	*	AnaptysBio, Inc		161,065
	43,047	*,e	Anavex Life Sciences Corp		174,771
	9,356	*	ANI Pharmaceuticals, Inc		455,918
	47,646	*	Aratana Therapeutics, Inc		321,611
	38,816	*	Ardelyx, Inc		201,843
	37,616	*	Arena Pharmaceuticals, Inc		893,756
	205,141	*	Array Biopharma, Inc		1,540,609
	16,435	*	Assembly Biosciences, Inc		368,308
	28,869	*,e	Asterias Biotherapeutics, Inc		102,485
	29,869	*,e	Atara Biotherapeutics, Inc		455,502
	125,862	*,e	Athersys, Inc		187,534
	17,864	*	Audentes Therapeutics, Inc		358,888
	28,975	*	Avexis, Inc		2,684,534
	34,781	*	Axovant Sciences Ltd		797,181
	31,831	*,e	Bellicum Pharmaceuticals, Inc		336,772
	95,807	*	BioCryst Pharmaceuticals, Inc		489,574
	11,712	*	Biohaven Pharmaceutical Holding Co Ltd		301,701
	6,600	*	Biospecifics Technologies Corp		321,090
	92,201	*,e	BioTime, Inc		248,943
	52,724	*	Bluebird Bio, Inc		4,969,237
	45,714	*	Blueprint Medicines Corp		2,392,214
	35,916	*	Calithera Biosciences, Inc		549,515
	38,195	*	Cambrex Corp		2,329,895
	32,084	*,e	Cara Therapeutics Inc		450,459
	39,355	*	Cascadian Therapeutics, Inc		160,962
	147,881	*	Catalent, Inc		5,131,471
	83,695	*,e	Catalyst Pharmaceuticals, Inc		246,063
	141,834	*,e	Celldex Therapeutics, Inc		324,800

270

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	53,381	*	Cempra, Inc	$	213,524
	28,623	*	ChemoCentryx, Inc		290,237
	54,689	*	Chimerix, Inc		271,804
	24,340	*	Clearside Biomedical, Inc		209,811
	50,907	*	Clovis Oncology, Inc		4,317,423
	45,053	*	Coherus Biosciences, Inc		587,942
	26,584	*,e	Collegium Pharmaceutical, Inc		318,210
	21,103	*	Concert Pharmaceuticals Inc		304,516
	30,219	*,e	Contatus Pharmaceuticals, Inc		167,111
	52,012	*,e	Corbus Pharmaceuticals Holdings, Inc		309,471
	108,627	*	Corcept Therapeutics, Inc		1,354,579
	23,459	*	Corium International, Inc		195,413
	9,893	*	Corvus Pharmaceuticals, Inc		120,991
	134,048	*	Curis, Inc		261,394
	48,754	*	Cytokinetics, Inc		684,994
	34,166	*	CytomX Therapeutics, Inc		460,899
	66,981	*	Depomed, Inc		690,574
	45,433	*	Dermira, Inc		1,250,770
	161,127	*	Durect Corp		278,750
	57,525	*,e	Dynavax Technologies Corp		911,771
	9,606	*,e	Eagle Pharmaceuticals, Inc		472,135
	22,877	*	Edge Therapeutics, Inc		246,385
	39,191	*,e	Editas Medicine, Inc		663,112
	39,250	*	Emergent Biosolutions, Inc		1,427,523
	18,410	*	Enanta Pharmaceuticals, Inc		701,605
	48,178	*	Enzo Biochem, Inc		522,731
	48,493	*	Epizyme, Inc		552,820
	17,413	*,e	Esperion Thereapeutics, Inc		788,635
	129,055	*	Exact Sciences Corp		5,007,334
	42,819	*	Fate Therapeutics, Inc		123,747
	69,928	*	FibroGen, Inc		2,388,041
	32,083	*	Five Prime Therapeutics, Inc		902,816
	32,430	*,e	Flexion Therapeutics Inc		739,404
	34,764	*	Fluidigm Corp		130,713
	39,096	*,e	Fortress Biotech, Inc		173,586
	16,818	*,e	Foundation Medicine, Inc		594,516
	33,811	*,e	Genocea Biosciences Inc		192,385
	23,210	*	Genomic Health, Inc		740,399
	175,340	*,e	Geron Corp		464,651
	43,204	*	Global Blood Therapeutics, Inc		1,127,624
	127,846	*	Halozyme Therapeutics, Inc		1,621,087
	53,300	*,e	Heron Therapeutics, Inc		844,805
	7,583	*	Heska Corp		830,642
	192,473	*	Horizon Pharma plc		2,305,827
	129,131	*,e	Idera Pharmaceuticals, Inc		237,601
	58,685	*	Ignyta, Inc		557,508
	19,619	*	Immune Design Corp		241,314
	99,538	*,e	Immunogen, Inc		591,256
	119,301	*,e	Immunomedics, Inc		1,021,217
	86,105	*	Impax Laboratories, Inc		1,666,132
	64,494	*	INC Research Holdings, Inc		3,547,170
	88,759	*	Innoviva, Inc		1,217,773
	80,510	*,e	Inovio Pharmaceuticals, Inc		447,636

271

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	73,491	*	Insmed, Inc	$	1,188,349
	28,816	*,e	Insys Therapeutics, Inc		330,231
	16,668	*	Intellia Therapeutics, Inc		280,689
	30,115	*	Intersect ENT, Inc		825,151
	39,936	*,e	Intra-Cellular Therapies, Inc		462,060
	45,626	*,e	Invitae Corp		423,409
	62,562	*	Iovance Biotherapeutics, Inc		365,988
	158,663	*	Ironwood Pharmaceuticals, Inc		2,816,268
	7,413	*	Jounce Therapeutics, Inc		95,702
	39,639	*	Karyopharm Therapeutics, Inc		334,553
	96,172	*,e	Keryx Biopharmaceuticals, Inc		674,166
	24,603	*	Kindred Biosciences Inc		179,602
	57,528	*,e	Kite Pharma, Inc		6,236,610
	16,300	*	Kura Oncology, Inc		147,515
	20,522	*,e	La Jolla Pharmaceutical Co		608,067
	33,486	*,e	Lannett Co, Inc		681,440
	50,618	*,e	Lexicon Pharmaceuticals, Inc		825,073
	24,023	*	Ligand Pharmaceuticals, Inc (Class B)		2,904,621
	23,459	*	Loxo Oncology, Inc		1,696,320
	48,826		Luminex Corp		997,515
	39,634	*	MacroGenics, Inc		654,754
	4,811	*	Madrigal Pharmaceuticals, Inc		74,571
	62,114	*	Matinas BioPharma Holdings, Inc		69,568
	81,560	*	Medicines Co		3,135,982
	38,450	*,e	MediciNova, Inc		200,325
	8,685	*	Medpace Holdings, Inc		238,230
	157,964	e	Merrimack Pharmaceuticals, Inc		210,092
	121,344	*,e	MiMedx Group, Inc		1,815,306
	29,493	*,e	Minerva Neurosciences, Inc		196,128
	14,724	*	Miragen Therapeutics, Inc		201,424
	87,307	*	Momenta Pharmaceuticals, Inc		1,444,931
	20,331	*	MyoKardia, Inc		316,147
	75,305	*	Myriad Genetics, Inc		1,827,652
	20,842	*	NanoString Technologies, Inc		317,007
	35,776	*,e	NantKwest, Inc		231,113
	36,769	*	Natera, Inc		296,726
	175,075	*	Nektar Therapeutics		3,821,887
	65,452	*	NeoGenomics, Inc		618,521
	21,285	*,e	Neos Therapeutics, Inc		137,288
	25,570	*,e	NewLink Genetics Corp		184,615
	328,397	*,e	Novavax, Inc		341,533
	17,725	*	Novelion Therapeutics, Inc		160,411
	33,197	*	Nymox Pharmaceutical Corp		124,821
	26,356	*,e	Ocular Therapeutix, Inc		166,833
	48,405	*,e	Omeros Corp		1,014,569
	4,250	*,e	Oncocyte Corp		16,788
	119,432	*,e	Organovo Holdings, Inc		279,471
	33,123	*	Otonomy, Inc		622,712
	5,970	*,e	Ovid therapeutics, Inc		48,894
	98,681	*	Pacific Biosciences of California, Inc		321,700
	46,185	*	Pacira Pharmaceuticals, Inc		1,824,308
	27,651	*	Paratek Pharmaceuticals, Inc		537,812
	59,093	*	Parexel International Corp		5,171,819

272

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	187,085	*	PDL BioPharma, Inc	$	424,683
	22,325		Phibro Animal Health Corp		852,815
	40,136	*	Pieris Pharmaceuticals, Inc		208,707
	58,674	*	Portola Pharmaceuticals, Inc		3,620,186
	45,776	*	PRA Health Sciences, Inc		3,405,734
	62,991	*	Prestige Brands Holdings, Inc		3,378,207
	82,822	*	Progenics Pharmaceuticals, Inc		499,417
	10,965	*	Protagonist Therapeutics, Inc		133,663
	45,394	*,e	Prothena Corp plc		2,803,533
	39,136	*	PTC Therapeutics, Inc		806,984
	33,881	*	Puma Biotechnology, Inc		3,220,389
	13,796	*	Ra Pharmaceuticals, Inc		202,939
	43,636	*,e	Radius Health, Inc		1,921,293
	10,012	*,e	Reata Pharmaceuticals, Inc		293,151
	15,942	*,e	Recro Pharma, Inc		121,319
	32,774	*	REGENXBIO, Inc		589,932
	40,735	*	Repligen Corp		1,640,398
	44,820	*	Retrophin, Inc		907,157
	26,304	*	Revance Therapeutics, Inc		598,416
	146,467	*	Rigel Pharmaceuticals, Inc		347,127
	40,784	*	Sage Therapeutics, Inc		3,252,524
	83,788	*	Sangamo Biosciences, Inc		720,577
	69,575	*	Sarepta Therapeutics, Inc		2,684,204
	60,894	*	Sciclone Pharmaceuticals, Inc		666,789
	13,817	*	Selecta Biosciences, Inc		235,442
	23,913	*,e	Seres Therapeutics, Inc		323,543
	27,282	*	Spark Therapeutics, Inc		1,937,022
	91,483	*	Spectrum Pharmaceuticals, Inc		682,463
	27,171	*	Stemline Therapeutics, Inc		249,973
	25,095	*	Strongbridge Biopharma plc		199,505
	27,806	*,e	Sucampo Pharmaceuticals, Inc (Class A)		301,695
	55,708	*	Supernus Pharmaceuticals, Inc		2,253,389
	10,389	*	Syndax Pharmaceuticals, Inc		125,811
	269,179	*,e	Synergy Pharmaceuticals, Inc		1,044,415
	14,716	*,e	Syros Pharmaceuticals, Inc		335,819
	48,439	*,e	Teligent, Inc		381,699
	44,519	*	Tetraphase Pharmaceuticals, Inc		291,154
	57,027	*,e	TG Therapeutics, Inc		655,811
	182,388	*,e	TherapeuticsMD, Inc		1,030,492
	49,642	*,e	Theravance Biopharma, Inc		1,594,997
	9,827	*,e	Tocagen, Inc		106,328
	63,234	*	Trevena, Inc		165,041
	46,675	*	Ultragenyx Pharmaceutical, Inc		3,095,486
	51,722	*	Vanda Pharmaceuticals, Inc		804,277
	24,961	*	VBI Vaccines, Inc		115,320
	27,835	*	Veracyte, Inc		222,680
	37,920	*	Versartis, Inc		701,520
	16,739	*	Voyager Therapeutics, Inc		137,929
	8,113	*	vTv Therapeutics, Inc		35,373
	13,995	*,e	WaVe Life Sciences Pte Ltd		277,801
	24,300	*,e	XBiotech, Inc		111,537
	45,194	*	Xencor Inc		1,055,280

273

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	156,015	*,e	ZIOPHARM Oncology, Inc	$	862,763
	29,897	*	Zogenix, Inc		358,764
	13,359	*,e	Zynerba Pharmaceuticals, Inc		188,362
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		190,403,975
REAL ESTATE - 7.6%
	99,926		Acadia Realty Trust		2,971,799
	30,457		Agree Realty Corp		1,497,571
	55,294		Alexander & Baldwin, Inc		2,318,477
	2,545		Alexander’s, Inc		1,107,050
	12,985	*,e	Altisource Portfolio Solutions S.A.		338,779
	57,995		Altisource Residential Corp		754,515
	48,342		American Assets Trust,Inc		1,963,169
	53,866		Armada Hoffler Properties, Inc		714,263
	33,025		Ashford Hospitality Prime, Inc		342,139
	93,265		Ashford Hospitality Trust, Inc		586,637
	13,541	*	AV Homes, Inc		217,333
	28,266		Bluerock Residential Growth REIT, Inc		380,460
	99,675		Care Capital Properties, Inc		2,414,128
	85,038		CareTrust REIT, Inc		1,551,093
	47,279		CatchMark Timber Trust Inc		544,181
	200,479		CBL & Associates Properties, Inc		1,762,210
	101,734		Cedar Realty Trust, Inc		526,982
	45,512		Chatham Lodging Trust		941,188
	69,878		Chesapeake Lodging Trust		1,763,022
	36,137		City Office REIT, Inc		459,301
	19,188		Clipper Realty, Inc		214,906
	15,494		Community Healthcare Trust, Inc		393,083
	4,973		Consolidated-Tomoka Land Co		275,703
	13,847		CorEnergy Infrastructure Trust, Inc		493,092
	494,243		Cousins Properties, Inc		4,542,093
	236,737		DiamondRock Hospitality Co		2,765,088
	44,555		Easterly Government Properties, Inc		890,654
	39,362		EastGroup Properties, Inc		3,431,579
	87,025		Education Realty Trust, Inc		3,267,789
	39,521		Farmland Partners, Inc		352,923
	153,963		FelCor Lodging Trust, Inc		1,136,247
	137,677		First Industrial Realty Trust, Inc		4,201,902
	69,852		First Potomac Realty Trust		777,453
	50,461	*	Forestar Group, Inc		865,406
	71,371		Four Corners Property Trust, Inc		1,811,396
	124,495		Franklin Street Properties Corp		1,315,912
	8,123	*	FRP Holdings, Inc		374,876
	144,724		Geo Group, Inc		4,247,649
	32,585		Getty Realty Corp		846,558
	30,001		Gladstone Commercial Corp		638,421
	16,781		Global Medical REIT, Inc		156,063
	77,980	*	Global Net Lease, Inc		1,715,560
	111,630		Government Properties Income Trust		1,979,200
	178,991		Gramercy Property Trust		5,409,108
	765		Griffin Land & Nurseries, Inc (Class A)		24,625
	136,701		Healthcare Realty Trust, Inc		4,552,143
	46,537		Hersha Hospitality Trust		873,034

274

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	43,164		HFF, Inc (Class A)	$	1,584,982
	83,285		Independence Realty Trust, Inc		842,011
	146,381		Investors Real Estate Trust		910,490
	83,529	*	iStar Financial, Inc		998,172
	10,596		Jernigan Capital, Inc		225,271
	97,611		Kennedy-Wilson Holdings, Inc		1,961,981
	98,501		Kite Realty Group Trust		2,022,226
	134,639		LaSalle Hotel Properties		3,977,236
	259,971		Lexington Realty Trust		2,646,505
	46,581		LTC Properties, Inc		2,405,443
	107,066		Mack-Cali Realty Corp		2,809,412
	19,556	*	Marcus & Millichap, Inc		500,634
	7,422	*	Maui Land & Pineapple Co, Inc		128,772
	35,135		MedEquities Realty Trust, Inc		423,377
	83,297		Monmouth Real Estate Investment Corp (Class A)		1,283,607
	195,614		Monogram Residential Trust, Inc		2,339,543
	47,048		National Health Investors, Inc		3,634,458
	52,757		National Storage Affiliates Trust		1,211,301
	98,401		New Senior Investment Group, Inc		1,022,386
	21,017		NexPoint Residential Trust, Inc		527,317
	63,599		NorthStar Realty Europe Corp		821,063
	17,770		One Liberty Properties, Inc		436,787
	49,661		Parkway, Inc		1,142,700
	81,491		Pebblebrook Hotel Trust		2,743,802
	81,428		Pennsylvania REIT		968,179
	203,776		Physicians Realty Trust		3,794,309
	47,882		Potlatch Corp		2,291,154
	36,970		Preferred Apartment Communities, Inc		638,472
	23,220		PS Business Parks, Inc		3,122,161
	54,906		QTS Realty Trust, Inc		2,935,824
	111,073	*	Quality Care Properties, Inc		1,868,248
	113,214		RAIT Investment Trust		226,428
	93,091		Ramco-Gershenson Properties		1,311,652
	21,279		Re/Max Holdings, Inc		1,237,374
	128,819		Retail Opportunities Investment Corp		2,612,449
	76,652		Rexford Industrial Realty, Inc		2,186,115
	145,680		RLJ Lodging Trust		3,082,589
	8,183		RMR Group, Inc		399,740
	52,354		Ryman Hospitality Properties		3,276,837
	76,665		Sabra Healthcare REIT, Inc		1,778,628
	13,350		Saul Centers, Inc		789,786
	74,848		Select Income REIT		1,756,683
	29,421		Seritage Growth Properties		1,376,020
	57,768	*	St. Joe Co		1,042,712
	105,831	*	STAG Industrial, Inc		2,888,128
	119,431		Starwood Waypoint Homes		4,175,308
	6,939		Stratus Properties, Inc		198,802
	121,193		Summit Hotel Properties, Inc		2,172,990
	261,086		Sunstone Hotel Investors, Inc		4,250,480
	18,060	*	Tejon Ranch Co		378,899
	57,908		Terreno Realty Corp		2,004,775
	57,153		Tier REIT, Inc		1,056,187
	1,971	*	Transcontinental Realty Investors, Inc		50,221

275

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	21,521	*	Trinity Place Holdings, Inc	$	149,571
	33,859		UMH Properties, Inc		560,028
	15,161		Universal Health Realty Income Trust		1,174,674
	116,970		Urban Edge Properties		2,939,456
	35,661		Urstadt Biddle Properties, Inc (Class A)		746,741
	221,824		Washington Prime Group, Inc		2,000,852
	88,974		Washington REIT		2,974,401
	44,533		Whitestone REIT		581,156
	125,911		Xenia Hotels & Resorts, Inc		2,558,512
			TOTAL REAL ESTATE		174,862,777
RETAILING - 3.1%
	30,262	*	1-800-FLOWERS.COM, Inc (Class A)		292,028
	74,334		Aaron’s, Inc		3,440,178
	81,090		Abercrombie & Fitch Co (Class A)		797,926
	190,858		American Eagle Outfitters, Inc		2,259,759
	8,685	*,e	America’s Car-Mart, Inc		340,452
	22,371	*	Asbury Automotive Group, Inc		1,208,034
	204,892	*,e	Ascena Retail Group, Inc		479,447
	5,999	*,e	At Home Group, Inc		136,537
	44,967	*	Barnes & Noble Education, Inc		325,111
	69,711		Barnes & Noble, Inc		568,145
	24,649	e	Big 5 Sporting Goods Corp		264,977
	53,084		Big Lots, Inc		2,636,682
	13,407	*	Boot Barn Holdings, Inc		107,390
	33,661	e	Buckle, Inc		575,603
	16,153	*	Build-A-Bear Workshop, Inc		155,069
	49,736		Caleres, Inc		1,356,798
	14,317		Camping World Holdings, Inc		457,571
	17,750	*,e	Carvana Co		346,480
	28,429		Cato Corp (Class A)		483,577
	153,040		Chico’s FAS, Inc		1,400,316
	20,278		Children’s Place Retail Stores, Inc		2,142,371
	16,847		Citi Trends, Inc		373,161
	21,550	*,e	Conn’s, Inc		461,170
	17,500	*,e	Container Store Group, Inc		93,625
	53,559		Core-Mark Holding Co, Inc		1,964,009
	17,990	e	Dillard’s, Inc (Class A)		1,328,022
	78,134		DSW, Inc (Class A)		1,409,537
	11,119	*,e	Duluth Holdings, Inc		215,486
	135,875	*	Etsy, Inc		1,952,524
	90,450	*	Express Parent LLC		548,127
	46,714		Finish Line, Inc (Class A)		642,785
	63,714	*	Five Below, Inc		3,078,023
	43,319	*	Francesca’s Holdings Corp		421,494
	42,223	e	Fred’s, Inc (Class A)		285,850
	20,323	*	FTD Cos, Inc		399,347
	10,304	*	Gaia, Inc		124,163
	22,493	*	Genesco, Inc		722,025
	80,019	e	GNC Holdings, Inc		760,981
	24,313		Group 1 Automotive, Inc		1,447,839
	397,752	*	Groupon, Inc		1,495,548
	70,370		Guess?, Inc		919,032

276

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	22,326		Haverty Furniture Cos, Inc	$	496,754
	25,080	*	Hibbett Sports, Inc		391,248
	37,818		HSN, Inc		1,499,484
	13,777	*	J. Jill, Inc		168,630
	368,874	*,e	JC Penney Co, Inc		1,995,608
	19,978	*	Kirkland’s, Inc		186,794
	15,574	*	Lands’ End, Inc		210,249
	86,067	*	Liberty TripAdvisor Holdings, Inc		1,011,287
	27,532		Lithia Motors, Inc (Class A)		2,842,679
	32,773	*,e	Lumber Liquidators, Inc		809,821
	29,977	*	MarineMax, Inc		448,156
	37,730		Monro Muffler, Inc		1,758,218
	34,892		Nutri/System, Inc		1,945,229
	600,779		Office Depot, Inc		3,526,573
	56,038	*	Ollie’s Bargain Outlet Holdings, Inc		2,504,899
	19,736	*	Overstock.com, Inc		315,776
	33,020	*	Party City Holdco, Inc		460,629
	23,519		PetMed Express, Inc		1,118,093
	95,358		Pier 1 Imports, Inc		439,600
	50,233	e	Rent-A-Center, Inc		664,080
	40,275	*,e	RH		2,623,111
	11,940	*	Sears Holdings Corp		104,117
	48,123	*	Select Comfort Corp		1,627,039
	14,664		Shoe Carnival, Inc		267,765
	39,958	*	Shutterfly, Inc		1,959,540
	31,374		Sonic Automotive, Inc (Class A)		569,438
	42,393	*	Sportsman’s Warehouse Holdings, Inc		192,040
	58,085	e	Tailored Brands, Inc		728,386
	40,472		Tile Shop Holdings, Inc		590,891
	13,811		Tilly’s, Inc		137,834
	25,077	*	Vitamin Shoppe, Inc		275,847
	22,037		West Marine, Inc		284,057
	2,826		Winmark Corp		375,999
	22,620	*	Zumiez, Inc		287,274
			TOTAL RETAILING		71,234,344
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.2%
	21,586	*,e	Acacia Communications, Inc		944,819
	46,924	*	Advanced Energy Industries, Inc		3,404,336
	22,516	*	Alpha & Omega Semiconductor Ltd		398,533
	38,142	*,e	Ambarella, Inc		1,909,007
	119,353	*	Amkor Technology, Inc		1,237,691
	35,689	*	Axcelis Technologies, Inc		792,296
	43,728	*	AXT, Inc		382,620
	81,780		Brooks Automation, Inc		2,008,517
	29,367		Cabot Microelectronics Corp		2,177,563
	25,611	*	Ceva, Inc		1,184,509
	16	*,m	China Energy Savings Technology, Inc		0
	75,771	*	Cirrus Logic, Inc		4,655,370
	32,236		Cohu, Inc		587,340
	115,195	*	Cree, Inc		2,984,702
	8,089	*	CyberOptics Corp		133,468
	45,363	*	Diodes, Inc		1,203,480

277

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	24,935	*	DSP Group, Inc	$	314,181
	167,844	*	Entegris, Inc		4,380,728
	85,712	*	Formfactor, Inc		1,122,827
	16,802	*	GSI Technology, Inc		121,983
	13,729	*	Ichor Holdings Ltd		315,492
	21,033	*,e	Impinj, Inc		1,033,562
	49,303	*	Inphi Corp		1,893,235
	157,278	*	Integrated Device Technology, Inc		4,111,247
	29,522		IXYS Corp		513,683
	71,986	*	Kopin Corp		273,547
	143,679	*	Lattice Semiconductor Corp		1,000,006
	47,822	*	MA-COM Technology Solutions		2,895,622
	70,629	*	MaxLinear, Inc		1,850,480
	63,647		MKS Instruments, Inc		5,324,072
	47,059		Monolithic Power Systems, Inc		4,815,077
	28,616	*	Nanometrics, Inc		762,616
	37,246	*,e	NeoPhotonics Corp Ltd		300,575
	5,629		NVE Corp		444,016
	32,711	*	PDF Solutions, Inc		525,012
	77,509	*	Photronics, Inc		778,965
	33,408	*	Pixelworks, Inc		155,013
	33,766		Power Integrations, Inc		2,385,568
	130,048	*	Rambus, Inc		1,676,319
	36,617	*	Rudolph Technologies, Inc		906,271
	76,500	*	Semtech Corp		3,029,400
	45,361	*	Sigma Designs, Inc		294,847
	49,554	*	Silicon Laboratories, Inc		3,721,505
	70,189	*,e	SunPower Corp		781,905
	38,300	*	Ultra Clean Holdings		898,135
	56,104	*	Veeco Instruments, Inc		1,728,003
	62,854	*	Xcerra Corp		610,312
	57,378		Xperi Corp		1,678,307
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		74,646,762
SOFTWARE & SERVICES - 8.5%
	51,563	*	2U, Inc		2,668,385
	105,146	*	8x8, Inc		1,335,354
	57,657	*	A10 Networks, Inc		407,635
	137,824	*	ACI Worldwide, Inc		3,193,382
	35,982	*	Actua Corp		485,757
	91,978	*	Acxiom Corp		2,480,647
	23,742	*	Alarm.com Holdings, Inc		902,908
	10,466	*,e	Alteryx, Inc		210,576
	23,669	*	Amber Road, Inc		221,779
	31,219	*	American Software, Inc (Class A)		302,824
	47,952	*	Angie’s List, Inc		574,465
	9,167	*	Appfolio, Inc		320,387
	20,886	*,e	Apptio, Inc		370,726
	88,628	*	Aspen Technology, Inc		5,040,274
	56,411	*	Bankrate, Inc		784,113
	29,317	*	Barracuda Networks, Inc		658,753
	97,252	*	Bazaarvoice, Inc		457,084
	18,656	*,e	Benefitfocus, Inc		666,952

278

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	56,264		Blackbaud, Inc	$	5,195,418
	64,478	*	Blackhawk Network Holdings, Inc		2,814,465
	12,899	*	Blackline, Inc		500,094
	48,143	*	Blucora, Inc		1,078,403
	46,639	*	Bottomline Technologies, Inc		1,328,279
	92,089	*	Box, Inc		1,735,878
	39,647	*	Brightcove, Inc		265,635
	35,938	*	BroadSoft, Inc		1,583,069
	28,859	*	CACI International, Inc (Class A)		3,610,261
	75,651	*	Callidus Software, Inc		1,838,319
	28,970	*	Carbonite, Inc		683,692
	53,575	*	Cardtronics plc		1,676,897
	16,291	*	Care.com, Inc		236,708
	84,580	*,e	Cars.com, Inc		2,055,294
	12,874		Cass Information Systems, Inc		849,169
	29,774	*	ChannelAdvisor Corp		312,627
	29,433	*,e	Cimpress NV		2,597,168
	16,397	*,e	Cloudera, Inc		282,848
	34,059	*	CommerceHub, Inc		612,381
	16,052	*	CommerceHub, Inc (Series A)		292,788
	45,821	*	Commvault Systems, Inc		2,728,641
	110,702		Convergys Corp		2,653,527
	61,113	*	Cornerstone OnDemand, Inc		2,463,465
	34,821	*,e	Coupa Software, Inc		1,070,049
	39,065		CSG Systems International, Inc		1,615,338
	64,185	*	DHI Group, Inc		141,207
	11,709	*,e	Digimarc Corp		367,077
	28,146	e	Ebix, Inc		1,625,431
	39,702	*	Ellie Mae, Inc		3,462,808
	68,116	*	Endurance International Group Holdings, Inc		630,073
	31,776	*	EnerNOC, Inc		243,086
	50,582	*	Envestnet, Inc		1,975,227
	58,043	*	EPAM Systems, Inc		4,987,635
	19,876	*	Everbridge, Inc		470,067
	74,741	*	Everi Holdings, Inc		557,568
	70,788		EVERTEC, Inc		1,263,566
	16,423	*	EXA Corp		232,057
	38,539	*	ExlService Holdings, Inc		2,217,919
	36,345		Fair Isaac Corp		5,180,980
	60,994	*	Five9, Inc		1,345,528
	11,813		Forrester Research, Inc		481,970
	42,343	*	Gigamon, Inc		1,683,134
	8,506	*	Global Sources Ltd		166,718
	121,503	*	Glu Mobile, Inc		331,703
	66,405	*,e	Gogo, Inc		808,813
	100,908	*,e	GrubHub, Inc		4,654,886
	36,937	*	GTT Communications, Inc		1,128,425
	27,379	*	Guidance Software, Inc		193,570
	28,047		Hackett Group, Inc		460,532
	56,103	*	Hortonworks, Inc		751,780
	39,680	*	HubSpot, Inc		2,870,848
	39,302	*	Imperva, Inc		1,770,555
	40,842	*	Information Services Group, Inc		164,593

279

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	4,713	*,e	Inspired Entertainment, Inc	$	52,550
	24,963	*	Instructure, Inc		807,553
	93,805	*	Internap Network Services Corp		356,459
	54,846		j2 Global, Inc		4,641,617
	13,798	*	Leaf Group Ltd		104,175
	84,841	*	Limelight Networks, Inc		290,156
	30,035	*	Liquidity Services, Inc		204,238
	64,265	*	Liveperson, Inc		870,791
	6,072	*	Majesco		29,571
	30,739		Mantech International Corp (Class A)		1,220,953
	75,833		MAXIMUS, Inc		4,577,280
	77,886	*	Meet Group, Inc		390,988
	11,162	*	MicroStrategy, Inc (Class A)		1,501,401
	43,020	*	MINDBODY, Inc		1,116,369
	37,219	*	Mitek Systems, Inc		353,581
	64,209	*	MobileIron, Inc		290,546
	27,941	*	Model N, Inc		368,821
	34,822	*	MoneyGram International, Inc		568,295
	48,837		Monotype Imaging Holdings, Inc		920,577
	17,734	*,e	MuleSoft, Inc		385,537
	8,073		NCI, Inc (Class A)		161,056
	65,263	*	NeuStar, Inc (Class A)		2,179,784
	34,333	*	New Relic, Inc		1,612,278
	76,241		NIC, Inc		1,238,916
	40,875	*	Nutanix, Inc		868,389
	13,037	*	Okta, Inc		286,162
	14,486	*,e	Ominto, Inc		81,411
	15,163	*,e	Park City Group, Inc		204,701
	58,211	*	Paycom Software, Inc		4,080,009
	30,410	*	Paylocity Holding Corp		1,382,743
	43,164		Pegasystems, Inc		2,609,264
	40,293	*	Perficient, Inc		757,508
	50,746	*	Planet Payment, Inc		164,417
	22,210	*	Presidio, Inc		302,722
	56,220		Progress Software Corp		1,799,602
	50,721	*	Proofpoint, Inc		4,323,458
	30,870	*	PROS Holdings, Inc		889,982
	36,709	*	Q2 Holdings, Inc		1,427,980
	11,558		QAD, Inc (Class A)		362,343
	37,369	*	Qualys, Inc		1,500,365
	48,171	*	QuinStreet, Inc		187,385
	85,979	*	Quotient Technology, Inc		997,356
	23,972	*	Rapid7, Inc		364,135
	28,670	*	RealNetworks, Inc		124,715
	69,141	*	RealPage, Inc		2,679,214
	11,469		Reis, Inc		245,437
	73,343	*	RingCentral, Inc		2,552,336
	41,562	*,e	Rocket Fuel, Inc		108,061
	20,079	*	Rosetta Stone, Inc		208,018
	52,077	*	Rubicon Project, Inc		244,762
	51,759		Science Applications International Corp		3,644,351
	9,490	*,e	SecureWorks Corp		103,821
	89,088	*	ServiceSource International LLC		338,534

280

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	21,669	*	Shutterstock, Inc	$	913,132
	49,145	*	Silver Spring Networks, Inc		555,830
	19,702	*	SPS Commerce, Inc		1,138,776
	18,663	*	Stamps.com, Inc		2,763,990
	11,835	*	StarTek, Inc		145,571
	46,653	*	Sykes Enterprises, Inc		1,586,202
	50,703	*	Synchronoss Technologies, Inc		855,867
	38,748		Syntel, Inc		755,199
	23,000	*	TechTarget, Inc		220,570
	37,092	*	TeleNav, Inc		278,190
	16,307		TeleTech Holdings, Inc		681,633
	138,304		TiVo Corp		2,710,758
	20,269	*	Trade Desk, Inc		1,080,540
	145,889		Travelport Worldwide Ltd		2,086,213
	73,334	*,e	TrueCar, Inc		1,388,213
	10,557	*,e	Tucows, Inc		576,940
	73,111	*,e	Twilio, Inc		2,132,648
	60,166	*,e	Unisys Corp		770,125
	8,544	*	Upland Software, Inc		210,610
	22,335	*	Varonis Systems, Inc		831,979
	35,507	*	Vasco Data Security International		479,345
	73,935	*	Verint Systems, Inc		2,931,523
	2,969	*,e	Veritone, Inc		27,166
	59,824	*,e	VirnetX Holding Corp		206,393
	32,890	*	Virtusa Corp		1,090,304
	43,508	*	WebMD Health Corp (Class A)		2,882,405
	44,808	*	Website Pros, Inc		983,536
	29,117	*	Workiva, Inc		570,693
	29,069	*	XO Group, Inc		531,381
	91,583	*	Yelp, Inc		2,979,195
	14,251	*,e	Yext, Inc		185,263
	114,697	*	Zendesk, Inc		3,362,916
	63,373	*	Zix Corp		337,778
			TOTAL SOFTWARE & SERVICES		196,663,727
TECHNOLOGY HARDWARE & EQUIPMENT - 5.5%
	128,509	*,e	3D Systems Corp		2,158,951
	57,825		Adtran, Inc		1,355,996
	36,710	*	Aerohive Networks, Inc		172,904
	17,472	*	Agilysys, Inc		175,768
	10,178	*,e	Akoustis Technologies, Inc		70,635
	34,211	*	Anixter International, Inc		2,694,116
	21,550	*,e	Applied Optoelectronics, Inc		2,100,910
	39,275	*	Avid Technology, Inc		202,266
	53,988		AVX Corp		964,766
	32,925		Badger Meter, Inc		1,489,856
	11,452		Bel Fuse, Inc (Class B)		289,163
	49,699		Belden CDT, Inc		3,575,346
	59,473	*	Benchmark Electronics, Inc		2,001,266
	41,188	*	CalAmp Corp		786,691
	50,447	*	Calix, Inc		345,562
	165,605	*	Ciena Corp		4,264,329
	13,438	*	Clearfield, Inc		154,537

281

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	27,358		Comtech Telecommunications Corp	$	492,444
	28,678	*	Control4 Corp		655,292
	23,421	e	CPI Card Group, Inc		69,092
	47,272	*	Cray, Inc		973,803
	37,527		CTS Corp		825,594
	42,437		Daktronics, Inc		415,034
	89,881	e	Diebold, Inc		2,103,215
	31,119	*	Digi International, Inc		325,194
	20,630	*	Eastman Kodak Co		195,985
	37,138	*	Electro Scientific Industries, Inc		321,244
	54,617	*	Electronics for Imaging, Inc		2,653,294
	31,557		EMCORE Corp		366,061
	15,367	*	ePlus, Inc		1,243,190
	127,412	*	Extreme Networks, Inc		1,119,952
	42,601	*	Fabrinet		1,917,471
	19,613	*	FARO Technologies, Inc		774,714
	131,779	*	Finisar Corp		3,587,024
	204,382	*,e	Fitbit, Inc		1,054,611
	92,145	*	Harmonic, Inc		377,795
	71,473	*	II-VI, Inc		2,723,121
	34,800	*	Immersion Corp		297,192
	169,984	*	Infinera Corp		1,993,912
	41,742	*	Insight Enterprises, Inc		1,691,386
	40,896		InterDigital, Inc		2,979,274
	22,899	*	Intevac, Inc		259,904
	27,499	*	Iteris, Inc		172,969
	40,299	*	Itron, Inc		2,941,827
	54,369	*	Kemet Corp		916,118
	31,224	*	Kimball Electronics, Inc		607,307
	103,186	*	Knowles Corp		1,563,268
	19,212	*	KVH Industries, Inc		209,411
	26,571		Littelfuse, Inc		4,787,563
	72,001	*	Lumentum Holdings, Inc		4,507,262
	42,187	*	Maxwell Technologies, Inc		246,794
	3,745	e	Mesa Laboratories, Inc		541,265
	41,939		Methode Electronics, Inc		1,667,075
	80,535	*	Microvision, Inc		182,814
	19,647		MTS Systems Corp		1,035,397
	13,881	*	Napco Security Technologies, Inc		127,011
	37,890	*	Netgear, Inc		1,814,931
	104,990	*	Netscout Systems, Inc		3,622,155
	38,102	*	Novanta, Inc		1,405,964
	194,403	*,e	Oclaro, Inc		1,901,261
	20,403	*	OSI Systems, Inc		1,631,628
	22,861		Park Electrochemical Corp		429,558
	13,833		PC Connection, Inc		356,891
	11,799	*	PC Mall, Inc		146,013
	39,334		Plantronics, Inc		1,777,110
	39,628	*	Plexus Corp		2,124,457
	109,005	*	Pure Storage, Inc		1,315,690
	24,775	*	Quantenna Communications, Inc		500,703
	32,926	*	Quantum Corp		266,701
	42,747	*	Radisys Corp		104,303

282

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	21,232	*	Rogers Corp	$	2,504,739
	87,271	*	Sanmina Corp		3,128,665
	29,470	*	Scansource, Inc		1,167,012
	80,179	*	ShoreTel, Inc		597,334
	55,463	*	Sonus Networks, Inc		378,812
	58,473	*	Stratasys Ltd		1,402,767
	45,701	*	Super Micro Computer, Inc		1,227,072
	40,501	*	Synaptics, Inc		2,130,758
	34,242		SYNNEX Corp		4,072,059
	13,420		Systemax, Inc		243,170
	41,101	*	Tech Data Corp		4,208,742
	108,540	*	TTM Technologies, Inc		1,886,425
	27,075	*,e	Ubiquiti Networks, Inc		1,475,588
	45,919	*	USA Technologies, Inc		254,850
	131,188	*	VeriFone Systems, Inc		2,559,478
	62,383	*,e	Viasat, Inc		4,122,893
	270,493	*	Viavi Solutions, Inc		2,967,308
	158,920		Vishay Intertechnology, Inc		2,836,722
	11,982	*	Vishay Precision Group, Inc		209,685
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		126,496,385
TELECOMMUNICATION SERVICES - 0.8%
	12,323		ATN International, Inc		714,734
	41,998	*	Boingo Wireless, Inc		622,830
	49,186	*	Cincinnati Bell, Inc		917,319
	49,073		Cogent Communications Group, Inc		2,048,798
	77,469		Consolidated Communications Holdings, Inc		1,394,442
	93,522	*,e	Frontier Communications Corp		1,431,822
	31,545	*	General Communication, Inc (Class A)		1,346,025
	518,778	*,e	Globalstar, Inc		959,739
	6,993	*	Hawaiian Telcom Holdco, Inc		204,475
	20,120		IDT Corp (Class B)		297,977
	42,619	*,e	Intelsat S.A.		135,102
	99,900	*,e	Iridium Communications, Inc		994,005
	25,422	*	Lumos Networks Corp		455,308
	19,812	*	Ooma, Inc		164,440
	76,555	*	Orbcomm, Inc		888,804
	10,970	*,e	pdvWireless, Inc		270,959
	55,237		Shenandoah Telecom Co		1,698,538
	24,468		Spok Holdings, Inc		401,275
	10,073	*	Straight Path Communications, Inc		1,807,096
	233,810	*	Vonage Holdings Corp		1,545,484
	223,649	e	Windstream Holdings, Inc		847,630
			TOTAL TELECOMMUNICATION SERVICES		19,146,802
TRANSPORTATION - 1.5%
	60,934	*	Air Transport Services Group, Inc		1,484,352
	15,413		Allegiant Travel Co		1,992,130
	30,376		Arkansas Best Corp		844,453
	27,666	*	Atlas Air Worldwide Holdings, Inc		1,643,360
	88,283	*	Avis Budget Group, Inc		2,717,351
	42,670		Costamare, Inc		274,368
	13,793	*	Covenant Transportation Group, Inc		258,619

283

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	24,136	*	Daseke, Inc	$	294,218
	43,341	*,e	Eagle Bulk Shipping, Inc		187,667
	32,545	*	Echo Global Logistics, Inc		444,239
	35,235		Forward Air Corp		1,826,230
	8,743	*	Genco Shipping & Trading Ltd		89,004
	62,483	*	Hawaiian Holdings, Inc		2,586,796
	55,059		Heartland Express, Inc		1,163,397
	64,235	*,e	Hertz Global Holdings, Inc		878,092
	38,700	*	Hub Group, Inc (Class A)		1,317,735
	86,305		Knight Transportation, Inc		3,076,773
	46,156		Marten Transport Ltd		736,188
	50,825		Matson, Inc		1,433,265
	99,748	*,e	Navios Maritime Holdings, Inc		122,690
	10,288		Park-Ohio Holdings Corp		408,948
	44,145	*	Radiant Logistics, Inc		191,148
	35,045	*	Roadrunner Transportation Services Holdings, Inc		244,614
	55,051	*	Safe Bulkers, Inc		142,032
	29,727	*	Saia, Inc		1,615,662
	38,066		Schneider National, Inc		822,987
	67,041	*	Scorpio Bulkers, Inc		482,695
	59,677		Skywest, Inc		2,178,211
	85,484	*	Swift Transportation Co, Inc		2,179,842
	9,781		Universal Truckload Services, Inc		142,314
	56,708		Werner Enterprises, Inc		1,681,392
	38,036	*	YRC Worldwide, Inc		505,498
			TOTAL TRANSPORTATION		33,966,270
UTILITIES - 3.8%
	60,410		Allete, Inc		4,426,241
	43,183		American States Water Co		2,135,399
	13,565	*	AquaVenture Holdings Ltd		216,904
	9,200		Artesian Resources Corp		357,788
	139,113	*	Atlantic Power Corp		319,960
	75,563		Avista Corp		3,975,369
	63,087		Black Hills Corp		4,394,640
	24,453	*	Cadiz, Inc		317,889
	57,127		California Water Service Group		2,222,240
	18,487		Chesapeake Utilities Corp		1,428,121
	12,971		Connecticut Water Service, Inc		739,088
	16,592		Consolidated Water Co, Inc		214,037
	8,156		Delta Natural Gas Co, Inc		248,187
	129,390	*	Dynegy, Inc		1,161,922
	47,632		El Paso Electric Co		2,472,101
	16,769		Genie Energy Ltd		111,178
	11,990	e	Global Water Resources, Inc		113,186
	59,326		Idacorp, Inc		5,123,393
	41,181		MGE Energy, Inc		2,740,596
	18,794		Middlesex Water Co		737,477
	101,557		New Jersey Resources Corp		4,280,628
	33,418		Northwest Natural Gas Co		2,108,676
	57,467		NorthWestern Corp		3,321,018
	40,697		NRG Yield, Inc (Class A)		741,906
	75,031		NRG Yield, Inc (Class C)		1,395,577

284

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	61,333		ONE Gas, Inc	$	4,463,816
	46,408		Ormat Technologies, Inc		2,751,994
	46,166		Otter Tail Corp		1,867,415
	82,677		Pattern Energy Group, Inc		2,075,193
	94,222		PNM Resources, Inc		3,754,747
	105,490		Portland General Electric Co		4,714,348
	19,960	*	Pure Cycle Corp		147,704
	7,883		RGC Resources, Inc		211,659
	19,538		SJW Corp		1,032,974
	94,145		South Jersey Industries, Inc		3,198,106
	56,071		Southwest Gas Corp		4,491,287
	13,545	e	Spark Energy, Inc		281,736
	55,454		Spire, Inc		4,025,960
	104,023		TerraForm Global, Inc		530,517
	94,336		TerraForm Power, Inc		1,264,102
	16,682		Unitil Corp		846,611
	27,783	*,e	Vivint Solar, Inc		143,082
	60,442		WGL Holdings, Inc		5,181,088
	14,841		York Water Co		516,466
			TOTAL UTILITIES		86,802,326
			TOTAL COMMON STOCKS		2,302,016,197
			(Cost $1,734,331,514)
RIGHTS / WARRANTS - 0.0%
DIVERSIFIED FINANCIALS - 0.0%
	1,297	m	Emergent Capital, Inc		0
			TOTAL DIVERSIFIED FINANCIALS		0
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	8,325	m	Forest Laboratories, Inc CVR		7,909
	5,149	m	Omthera Pharmaceuticals, Inc		3,090
	9,351	*,m	Tobira Therapeutics, Inc		561
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		11,560
SOFTWARE & SERVICES - 0.0%
	17,421	m	Gerber Scientific, Inc		0
			TOTAL SOFTWARE & SERVICES		0
			TOTAL RIGHTS / WARRANTS		11,560
			(Cost $997)

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 7.9%
GOVERNMENT AGENCY DEBT - 0.1%
$	1,700,000		Federal Home Loan Bank (FHLB)		0.800	%	08/01/17	1,700,000
			TOTAL GOVERNMENT AGENCY DEBT					1,700,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 7.8%
	179,924,967	c	State Street Navigator Securities Lending Government Money Market Portfolio					179,924,967
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES					179,924,967

285

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

	VALUE
TOTAL SHORT-TERM INVESTMENTS	$	181,624,967
(Cost $181,624,967)
TOTAL INVESTMENTS - 107.7%		2,483,652,724
(Cost $1,915,957,478)
OTHER ASSETS & LIABILITIES, NET - (7.7)%		(178,457,474	)
NET ASSETS - 100.0%	$	2,305,195,250

	Abbreviation(s):
	CVR    Contingent Value Rights
	REIT   Real Estate Investment Trust
*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $173,790,939.
m	Indicates a security that has been deemed illiquid.

286

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.1%
BRAZIL - 6.6%
	2,092,551		AMBEV S.A.	$	12,850,499
	398,249		Banco Bradesco S.A.		3,850,500
	1,342,148		Banco Bradesco S.A. (Preference)		12,993,874
	363,086		Banco do Brasil S.A.		3,341,693
	1,417,486		Banco Itau Holding Financeira S.A.		16,964,285
	173,039		Banco Santander Brasil S.A.		1,415,564
	303,200		BB Seguridade Participacoes S.A.		2,668,988
	883,474		BM&F Bovespa S.A.		5,805,116
	361,437	*	BR Malls Participacoes S.A.		1,529,966
	65,815		Braskem S.A.		787,454
	203,156		BRF S.A.		2,405,285
	87,800	*	Centrais Eletricas Brasileiras S.A.		380,105
	86,192	*	Centrais Eletricas Brasileiras S.A. (Preference)		460,763
	68,157	*	Cia Brasileira de Distribuicao Grupo Pao de Acucar		1,584,614
	522,756		Cia de Concessoes Rodoviarias		2,863,268
	142,500		Cia de Saneamento Basico do Estado de Sao Paulo		1,533,143
	331,891		Cia Energetica de Minas Gerais		906,797
	46,895		Cia Paranaense de Energia		389,645
	262,630	*	Cia Siderurgica Nacional S.A.		641,763
	528,238		Cielo S.A.		4,421,252
	102,736		Cosan SA Industria e Comercio		1,189,337
	91,581		CPFL Energia S.A.		788,836
	126,862	*	EDP - Energias do Brasil S.A.		584,606
	301,279		Empresa Brasileira de Aeronautica S.A.		1,523,617
	72,700		Engie Brasil Energia S.A.		815,976
	88,500		Equatorial Energia S.A.		1,609,168
	105,563		Fibria Celulose S.A.		1,119,831
	383,275		Gerdau S.A. (Preference)		1,310,216
	144,182		Hypermarcas S.A.		1,294,163
	307,864		JBS S.A.		760,195
	257,220		Klabin S.A.		1,319,775
	592,596		Kroton Educacional S.A.		2,865,730
	70,445		Localiza Rent A Car		1,172,445
	69,210		Lojas Americanas S.A.		286,530
	307,985		Lojas Americanas S.A.(Preference)		1,547,653
	307,395		Lojas Renner S.A.		2,888,282
	38,400		M Dias Branco S.A.		625,069
	34,569		Multiplan Empreendimentos Imobiliarios S.A.		796,838
	65,392		Natura Cosmeticos S.A.		525,300
	82,453		Odontoprev S.A.		344,000
	1,330,272	*	Petroleo Brasileiro S.A.		5,887,009
	1,734,446	*	Petroleo Brasileiro S.A. (Preference)		7,391,982
	36,381		Porto Seguro S.A.		367,503
	86,500		Qualicorp S.A.		909,840

287

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	96,100		Raia Drogasil S.A.	$	2,126,413
	329,300	*	Rumo S.A.		1,091,911
	81,909		Satipel Industrial S.A.		208,033
	60,736		Sul America SA		341,821
	167,200		Suzano Papel e Celulose S.A.		751,726
	190,621	*	Telefonica Brasil S.A.		2,855,326
	318,066		Tim Participacoes S.A.		1,085,261
	74,800		Transmissora Alianca de Energia Eletrica S.A.		556,979
	179,280		Ultrapar Participacoes S.A.		4,254,404
	561,100		Vale S.A.		5,631,962
	839,673		Vale S.A. (Preference)		7,854,558
	245,440		Weg S.A.		1,490,735
			TOTAL BRAZIL		143,967,604
CHILE - 1.1%
	1,256,501		AES Gener S.A.		465,326
	1,207,642		Aguas Andinas S.A.		760,651
	9,357,175		Banco de Chile		1,341,965
	15,037		Banco de Credito e Inversiones		915,216
	22,952,212		Banco Santander Chile S.A.		1,625,189
	629,700		Centros Comerciales Sudamericanos S.A.		1,793,481
	55,611		Cia Cervecerias Unidas S.A.		741,312
	3,687,221		Colbun S.A.		858,889
	61,461,974		Corpbanca S.A.		583,888
	103,324		Embotelladora Andina S.A.		471,087
	1,466,501	*	Empresa Nacional de Electricidad S.A.		1,141,510
	54,757		Empresa Nacional de Telecomunicaciones S.A.		614,715
	566,452		Empresas CMPC S.A.		1,425,480
	242,962		Empresas COPEC S.A.		2,959,785
	9,039,119		Enersis Chile S.A.		983,078
	12,558,678		Enersis S.A.		2,537,480
	131,920		Lan Airlines S.A.		1,552,652
	270,193		SACI Falabella		2,520,634
	39,759		Sociedad Quimica y Minera de Chile S.A. (Class B)		1,633,644
			TOTAL CHILE		24,925,982
CHINA - 27.0%
	452,000	*,g	3SBio, Inc		566,669
	40,487	*	58.COM, Inc (ADR)		2,066,861
	322,500		AAC Technologies Holdings, Inc		4,332,356
	11,428,000	*	Agricultural Bank of China		5,330,502
	838,000		Air China Ltd		755,766
	490,002	*	Alibaba Group Holding Ltd (ADR)		75,925,810
	1,752,000	*,e	Alibaba Health Information Technology Ltd		832,253
	2,164,000	*,e	Aluminum Corp of China Ltd		1,355,792
	544,500		Anhui Conch Cement Co Ltd		2,011,548
	481,000		Anta Sports Products Ltd		1,649,018
	22,700	*,e	Autohome, Inc (ADR)		1,105,036
	990,000		AviChina Industry & Technology Co		606,588
	119,945	*	Baidu, Inc (ADR)		27,149,551
	35,366,000	*	Bank of China Ltd		17,393,441
	3,998,500		Bank of Communications Co Ltd		2,957,637
	660,000		Beijing Capital International Airport Co Ltd		1,038,723

288

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	238,000		Beijing Enterprises Holdings Ltd	$	1,263,076
	2,158,000		Beijing Enterprises Water Group Ltd		1,790,679
	1,312,000		Brilliance China Automotive Holdings Ltd		3,319,384
	288,500	e	Byd Co Ltd		1,795,616
	5,295,000	g	CGN Power Co Ltd		1,449,114
	4,005,000		China Cinda Asset Management Co Ltd		1,664,104
	4,178,600		China Citic Bank		2,708,518
	1,474,000	*,e	China Coal Energy Co		727,594
	1,956,000		China Communications Construction Co Ltd		2,605,159
	988,400		China Communications Services Corp Ltd		536,869
	758,500		China Conch Venture Holdings Ltd		1,409,294
	36,555,350		China Construction Bank		30,352,435
	1,527,000	*	China Everbright Bank Co Ltd		740,384
	1,062,000		China Everbright International Ltd		1,384,862
	460,000		China Everbright Ltd		1,047,592
	1,827,000	*,e	China Evergrande Group		5,081,228
	1,521,000		China Galaxy Securities Co Ltd		1,339,513
	2,905,000	*,g	China Huarong Asset Management Co Ltd		1,189,697
	2,230,000	e,m	China Huishan Dairy Holdings Co Ltd		59,955
	700,824		China Insurance International Holdings Co Ltd		2,104,417
	3,333,000		China Life Insurance Co Ltd		10,533,793
	1,439,000		China Longyuan Power Group Corp		1,052,392
	530,000		China Medical System Holdings Ltd		904,151
	1,199,000		China Mengniu Dairy Co Ltd		2,333,500
	1,758,000		China Merchants Bank Co Ltd		5,772,460
	634,440		China Merchants Holdings International Co Ltd		1,991,727
	2,751,800		China Minsheng Banking Corp Ltd		2,765,583
	2,669,500		China Mobile Hong Kong Ltd		28,534,679
	1,350,000		China National Building Material Co Ltd		823,542
	1,106,000		China Oilfield Services Ltd		942,310
	1,702,000		China Overseas Land & Investment Ltd		5,766,016
	1,173,400		China Pacific Insurance Group Co Ltd		5,170,237
	1,535,000		China Power International Development Ltd		526,164
	863,000		China Railway Construction Corp		1,138,991
	1,807,000		China Railway Group Ltd		1,435,916
	746,677		China Resources Beer Holdings Company Ltd		1,885,431
	408,000		China Resources Gas Group Ltd		1,545,159
	1,229,555		China Resources Land Ltd		3,945,528
	921,372		China Resources Power Holdings Co		1,754,410
	1,687,500	*	China Shenhua Energy Co Ltd		4,197,523
	812,000		China Southern Airlines Co Ltd		618,065
	812,000		China State Construction International Holdings Ltd		1,310,080
	6,290,000		China Telecom Corp Ltd		2,989,838
	2,644,000	*	China Unicom Ltd		3,832,006
	622,900	*	China Vanke Co Ltd		1,835,331
	414,800		Chongqing Changan Automobile Co Ltd		550,178
	1,050,000		Chongqing Rural Commercial Bank		773,649
	2,446,000		Citic Pacific Ltd		3,716,403
	1,029,000		CITIC Securities Co Ltd		2,086,246
	8,142,000		CNOOC Ltd		9,113,051
	772,259		COSCO Pacific Ltd		944,615
	2,468,675		Country Garden Holdings Co Ltd		3,446,638
	1,854,050		CRRC Corp Ltd		1,655,042

289

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	1,904,000		CSPC Pharmaceutical Group Ltd	$	2,967,051
	165,604	*	Ctrip.com International Ltd (ADR)		9,891,527
	1,370,000		Dongfeng Motor Group Co Ltd		1,676,823
	356,000		ENN Energy Holdings Ltd		2,416,828
	923,000		Far East Horizon Ltd		786,367
	1,213,952		Fosun International		1,838,141
	1,568,000	*	Franshion Properties China Ltd		727,834
	214,800	g	Fuyao Glass Industry Group Co Ltd		731,154
	2,240,000		Geely Automobile Holdings Ltd		5,172,448
	602,200		GF Securities Co Ltd		1,213,136
	4,856,668		GOME Electrical Appliances Holdings Ltd		584,047
	1,373,000	e	Great Wall Motor Co Ltd		1,758,493
	1,376,000		Guangdong Investments Ltd		1,936,361
	928,000		Guangzhou Automobile Group Co Ltd		1,994,183
	441,200		Guangzhou R&F Properties Co Ltd		787,723
	290,000		Haitian International Holdings Ltd		830,775
	1,470,000		Haitong Securities Co Ltd		2,341,166
	348,000		Hengan International Group Co Ltd		2,653,547
	2,000,000		Huaneng Power International, Inc		1,409,787
	2,232,000		Huaneng Renewables Corp Ltd		679,444
	760,000	g	Huatai Securities Co Ltd		1,524,892
	32,673,000		Industrial & Commercial Bank of China		22,830,487
	291,832	*	JD.com, Inc (ADR)		13,182,051
	576,000		Jiangsu Express		835,703
	674,000		Jiangxi Copper Co Ltd		1,228,610
	354,000		Kingsoft Corp Ltd		931,208
	3,338,000		Lenovo Group Ltd		2,064,710
	676,500		Longfor Properties Co Ltd		1,697,743
	298,000		Minth Group Ltd		1,372,146
	38,100		Momo, Inc (ADR)		1,673,733
	35,083		Netease.com (ADR)		10,920,636
	350,800		New China Life insurance Co Ltd		2,260,859
	58,244	*	New Oriental Education & Technology Group (ADR)		4,639,717
	3,196,000		People’s Insurance Co Group of China Ltd		1,487,306
	2,063,055		PICC Property & Casualty Co Ltd		3,838,020
	2,334,500		Ping An Insurance Group Co of China Ltd		17,280,233
	1,241,800	*,e	Semiconductor Manufacturing International Corp		1,361,245
	1,232,000		Shandong Weigao Group Medical Polymer Co Ltd		992,815
	1,410,000	*,e	Shanghai Electric Group Co Ltd		654,734
	218,500	*	Shanghai Fosun Pharmaceutical Group Co Ltd		799,726
	237,000		Shanghai Industrial Holdings Ltd		684,893
	433,399		Shanghai Lujiazui Finance & Trade Zone Development Co Ltd		693,438
	301,300		Shanghai Pharmaceuticals Holding Co Ltd		797,820
	252,000		Shenzhou International Group Holdings Ltd		1,683,396
	1,689,000		Sihuan Pharmaceutical Holdings		710,727
	25,671	*	Sina Corp		2,433,868
	1,194,471		Sino-Ocean Land Holdings Ltd		667,462
	600,500		Sinopec Engineering Group Co Ltd		538,869
	1,666,000		Sinopec Shanghai Petrochemical Co Ltd		946,731
	563,200		Sinopharm Group Co		2,357,261
	1,016,000		Soho China Ltd		553,482
	852,000	e	Sunac China Holdings Ltd		2,266,494
	316,000		Sunny Optical Technology Group Co Ltd		3,755,326

290

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	19,800		TAL Education Group (ADR)	$	3,104,046
	2,463,800		Tencent Holdings Ltd		98,340,020
	804,000		Tingyi Cayman Islands Holding Corp		1,023,729
	432,000		Travelsky Technology Ltd		1,143,881
	200,000		Tsingtao Brewery Co Ltd		856,867
	175,324	*	Vipshop Holdings Ltd (ADR)		2,156,485
	2,558,000	e	Want Want China Holdings Ltd		1,727,522
	15,267	*	Weibo Corp (ADR)		1,174,796
	909,800		Weichai Power Co Ltd		875,643
	1,220,000		Yanzhou Coal Mining Co Ltd		1,200,092
	13,904	*	YY, Inc (ADR)		994,136
	666,000		Zhejiang Expressway Co Ltd		830,858
	249,100		Zhuzhou CSR Times Electric Co Ltd		1,185,081
	3,212,000	*	Zijin Mining Group Co Ltd		1,164,756
	359,864	*	ZTE Corp		924,136
			TOTAL CHINA		592,302,919
COLOMBIA - 0.4%
	64,110		BanColombia S.A.		656,958
	193,433		BanColombia S.A. (Preference)		2,118,210
	198,544		Cementos Argos S.A.		791,215
	3,413,009		Ecopetrol S.A.		1,594,418
	107,119		Grupo Argos S.A.		770,533
	1,603,675	*	Grupo Aval Acciones y Valores		708,893
	97,807		Grupo de Inversiones Suramericana S.A.		1,376,311
	50,243		Grupo de Inversiones Suramericana S.A. (Preference)		694,554
	151,305	*	Interconexion Electrica S.A.		693,154
			TOTAL COLOMBIA		9,404,246
CZECH REPUBLIC - 0.2%
	66,711		CEZ AS		1,210,317
	34,678		Komercni Banka AS		1,495,668
	230,341	g	Moneta Money Bank AS.		830,065
	19,025		Telefonica O2 Czech Republic AS		243,065
			TOTAL CZECH REPUBLIC		3,779,115
EGYPT - 0.1%
	462,440		Commercial International Bank		2,165,711
	213,297		Egyptian Financial Group-Hermes Holding		266,738
	944,833	*	Orascom Telecom Holding SAE		345,973
			TOTAL EGYPT		2,778,422
GREECE - 0.4%
	615,160	*	Alpha Bank AE		1,474,716
	830,588	*	Eurobank Ergasias S.A.		906,513
	12,741	*	FF Group		305,253
	102,523		Hellenic Telecommunications Organization S.A.		1,308,334
	37,462		JUMBO S.A.		627,518
	2,370,073	*	National Bank of Greece S.A.		958,125
	83,715		OPAP S.A.		963,270
	2,769,680	*,m	Piraeus Bank S.A.		756,738
	24,998		Titan Cement Co S.A.		697,499
			TOTAL GREECE		7,997,966

291

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
HONG KONG - 0.5%
	5,800,000	*,e	Alibaba Pictures Group Ltd	$	979,738
	786,000		China Gas Holdings Ltd		1,901,905
	3,112,500	e	Fullshare Holdings Ltd		1,243,122
	5,993,799	*,e	GCL Poly Energy Holdings Ltd		636,215
	536,000		Haier Electronics Group Co Ltd		1,380,189
	755,000		Nine Dragons Paper Holdings Ltd		1,123,307
	516,000		Shimao Property Holdings Ltd		1,027,892
	1,984,000		Sino Biopharmaceutical		1,751,537
	1,012,500		Sun Art Retail Group Ltd		824,479
			TOTAL HONG KONG		10,868,384
HUNGARY - 0.3%
	25,792		MOL Hungarian Oil and Gas plc		2,235,295
	100,469		OTP Bank		3,738,842
	50,715		Richter Gedeon Rt		1,297,507
			TOTAL HUNGARY		7,271,644
INDIA - 8.8%
	188,182	*,m	Aditya Birla Capital Ltd		454,239
	266,943		Ambuja Cements Ltd		1,094,863
	25,796	*	Apollo Hospitals Enterprise Ltd		506,352
	648,962	*	Ashok Leyland Ltd		1,107,505
	134,838		Asian Paints Ltd		2,443,554
	22,272		Associated Cement Co Ltd		601,766
	119,579		Aurobindo Pharma Ltd		1,339,174
	737,916		Axis Bank Ltd		5,978,641
	77,996		Bajaj Finance Ltd		2,069,371
	15,578		Bajaj Finserv Ltd		1,212,539
	32,292		Bajaj Holdings and Investment Ltd		1,413,359
	42,805		Bharat Forge Ltd		766,724
	220,017		Bharat Heavy Electricals		497,640
	399,689		Bharat Petroleum Corp Ltd		2,935,075
	479,186		Bharti Airtel Ltd		3,127,808
	234,380		Bharti Infratel Ltd		1,466,832
	2,998	*	Bosch Ltd		1,129,325
	75,943		Cadila Healthcare Ltd		643,151
	146,261		Cipla Ltd		1,277,323
	442,705		Coal India Ltd		1,718,953
	14,733		Container Corp Of India Ltd		262,669
	214,082		Dabur India Ltd		1,034,513
	49,863		Dr Reddy’s Laboratories Ltd		1,850,849
	5,873	*	Eicher Motors Ltd		2,752,221
	208,529		GAIL India Ltd		1,224,601
	49,643		Glenmark Pharmaceuticals Ltd		539,239
	91,554		Godrej Consumer Products Ltd		1,480,655
	134,416		Grasim Industries Ltd		2,243,087
	92,221		Havells India Ltd		679,621
	233,065		HCL Technologies Ltd		3,247,176
	18,935		Hero Honda Motors Ltd		1,078,849
	535,754		Hindalco Industries Ltd		1,833,973
	284,038		Hindustan Lever Ltd		5,116,901

292

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	325,790		Hindustan Petroleum Corp Ltd	$	1,945,361
	654,567		Housing Development Finance Corp		18,256,952
	1,117,098		ICICI Bank Ltd		5,256,659
	639,092		Idea Cellular Ltd		919,864
	592,236		IDFC Bank Ltd		548,610
	141,788		Indiabulls Housing Finance Ltd		2,594,835
	216,098		Indian Oil Corp Ltd		1,238,459
	813,423		Infosys Technologies Ltd		12,784,778
	1,508,540		ITC Ltd		6,703,243
	420,898		JSW Steel Ltd		1,451,675
	212,746		Larsen & Toubro Ltd		3,959,246
	136,162		LIC Housing Finance Ltd		1,464,742
	97,388	*	Lupin Ltd		1,566,713
	112,750	*	Mahindra & Mahindra Financial Services Ltd		704,699
	163,608		Mahindra & Mahindra Ltd		3,577,926
	163,409		Marico Ltd		852,713
	46,758		Maruti Suzuki India Ltd		5,647,636
	232,818	*	Motherson Sumi Systems Ltd		1,180,062
	323,508	*	Mundra Port and Special Economic Zone Ltd		1,995,526
	8,934		Nestle India Ltd		942,403
	664,169	*	NTPC Ltd		1,700,243
	33,691	*	Piramal Healthcare Ltd		1,550,280
	254,710		Power Finance Corp Ltd		493,701
	591,303		Reliance Industries Ltd		14,884,803
	194,836		Rural Electrification Corp Ltd		531,588
	682,438	*	Sesa Sterlite Ltd		2,976,067
	3,466		Shree Cement Ltd		1,004,971
	63,813		Shriram Transport Finance Co Ltd		1,012,485
	29,598		Siemens India Ltd		671,381
	748,633		State Bank of India		3,645,496
	417,141		Sun Pharmaceutical Industries Ltd		3,458,243
	209,713		Tata Consultancy Services Ltd		8,144,083
	696,040		Tata Motors Ltd		4,824,901
	444,917		Tata Power Co Ltd		568,747
	135,260		Tata Steel Ltd		1,195,544
	196,974		Tech Mahindra Ltd		1,184,424
	118,188	*	Titan Industries Ltd		1,002,322
	38,699		Ultra Tech Cement Ltd		2,447,070
	160,830	*	United Phosphorus Ltd		2,196,832
	28,278	*	United Spirits Ltd		1,117,827
	525,264		Wipro Ltd		2,361,530
	152,409		Yes Bank Ltd		4,298,601
	240,128		ZEE Telefilms Ltd		2,027,989
			TOTAL INDIA		192,019,778
INDONESIA - 2.3%
	7,349,000		Adaro Energy Tbk		984,241
	4,804,200		Bank Rakyat Indonesia		5,322,914
	864,400		Indofood CBP Sukses Makmur Tbk		541,552
	725,800		PT AKR Corporindo Tbk		375,865
	8,684,600		PT Astra International Tbk		5,196,400
	4,619,700		PT Bank Central Asia Tbk		6,486,274
	1,196,966		PT Bank Danamon Indonesia Tbk		511,845

293

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	4,007,571		PT Bank Mandiri Persero Tbk	$	4,102,061
	2,953,793		PT Bank Negara Indonesia		1,650,326
	3,112,200		PT Bumi Serpong Damai		418,021
	2,657,400		PT Charoen Pokphand Indonesia Tbk		532,198
	1,795,675	*	PT Excelcomindo Pratama		452,873
	202,800		PT Gudang Garam Tbk		1,158,701
	3,584,400		PT Hanjaya Mandala Sampoerna Tbk		955,015
	720,600		PT Indocement Tunggal Prakarsa Tbk		945,890
	1,832,500		PT Indofood Sukses Makmur Tbk		1,151,737
	1,305,970		PT Jasa Marga Tbk		573,378
	8,322,800		PT Kalbe Farma Tbk		1,083,166
	9,202,500		PT Lippo Karawaci Tbk		493,761
	1,009,000		PT Matahari Department Store Tbk		959,261
	1,577,800	*	PT Media Nusantara Citra Tbk		213,020
	8,991,000		PT Pakuwon Jati Tbk		478,930
	4,664,400		PT Perusahaan Gas Negara Persero Tbk		787,593
	1,256,300		PT Semen Gresik Persero Tbk		937,691
	3,857,800		PT Summarecon Agung Tbk		283,635
	2,125,900		PT Surya Citra Media Tbk		376,521
	21,691,100		PT Telekomunikasi Indonesia Persero Tbk		7,623,744
	677,100		PT Unilever Indonesia Tbk		2,487,545
	886,000		PT United Tractors Tbk		2,001,546
	1,793,000		PT Waskita Karya Persero Tbk		321,540
	1,121,400		Tower Bersama Infrastructure		567,334
			TOTAL INDONESIA		49,974,578
KOREA, REPUBLIC OF - 14.9%
	14,091		Amorepacific Corp		3,570,141
	3,527		Amorepacific Corp (Preference)		559,441
	9,413		BGF retail Co Ltd		776,837
	113,120		BS Financial Group, Inc		1,143,027
	34,380	*,e	Celltrion, Inc		3,332,000
	25,429		Cheil Communications, Inc		462,411
	32,992		Cheil Industries, Inc		4,097,097
	3,297		CJ CheilJedang Corp		1,089,696
	5,758		CJ Corp		998,091
	6,668		CJ E&M Corp		444,875
	11,754		Daelim Industrial Co		963,208
	44,028	*	Daewoo Engineering & Construction Co Ltd		322,467
	18,314		Daewoo International Corp		384,574
	158,218		Daewoo Securities Co Ltd		1,534,793
	73,352		DGB Financial Group Co Ltd		783,592
	20,907		Dongbu Insurance Co Ltd		1,496,373
	12,877		Dongsuh Co, Inc		340,109
	13,628		Doosan Bobcat, Inc		431,010
	18,432		Doosan Heavy Industries and Construction Co Ltd		339,365
	8,319		E-Mart Co Ltd		1,888,489
	8,559		GLOVIS Co Ltd		1,200,973
	18,269	*	GS Engineering & Construction Corp		519,493
	29,197		GS Holdings Corp		1,968,085
	9,811		GS Retail Co Ltd		424,191
	125,640		Hana Financial Group, Inc		5,732,595
	31,012		Hankook Tire Co Ltd		1,733,040

294

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	5,868	*,e	Hanmi Holdings Co Ltd	$	436,741
	2,742	*	Hanmi Pharm Co Ltd		901,387
	79,175		Hanon Systems		724,641
	4,197		Hanssem Co Ltd		660,012
	46,278		Hanwha Chemical Corp		1,394,887
	15,925		Hanwha Corp		696,532
	6,568		Honam Petrochemical Corp		2,162,419
	17,447		Hotel Shilla Co Ltd		1,011,876
	255,825		Hynix Semiconductor, Inc		15,040,551
	8,927		Hyosung Corp		1,336,374
	5,989		Hyundai Department Store Co Ltd		594,164
	25,459		Hyundai Development Co		969,764
	32,427		Hyundai Engineering & Construction Co Ltd		1,311,428
	11,320	*	Hyundai Heavy Industries		1,763,894
	26,030		Hyundai Marine & Fire Insurance Co Ltd		1,056,066
	29,704		Hyundai Mobis		6,527,962
	67,686		Hyundai Motor Co		8,762,334
	15,887		Hyundai Motor Co Ltd (2nd Preference)		1,504,111
	8,514		Hyundai Motor Co Ltd (Preference)		768,229
	3,550	*	Hyundai Robotics Co Ltd		1,397,389
	34,190		Hyundai Steel Co		1,914,183
	8,963		Hyundai Wia Corp		552,803
	96,356		Industrial Bank of Korea		1,331,070
	13,289		Kakao Corp		1,423,485
	51,734		Kangwon Land, Inc		1,710,960
	173,230		KB Financial Group, Inc		9,210,670
	2,605		KCC Corp		1,015,248
	10,866		KEPCO Plant Service & Engineering Co Ltd		436,903
	114,981		Kia Motors Corp		3,757,209
	28,105		Korea Aerospace Industries Ltd		1,300,032
	111,468		Korea Electric Power Corp		4,444,011
	3,822	*	Korea Express Co Ltd		636,694
	11,459	*	Korea Gas Corp		514,013
	15,774		Korea Investment Holdings Co Ltd		1,003,664
	7,908		Korea Kumho Petrochemical		533,116
	91,371		Korea Life Insurance Co Ltd		616,508
	3,812		Korea Zinc Co Ltd		1,680,549
	19,550	*	Korean Air Lines Co Ltd		620,821
	9,181		KT Corp		285,477
	50,671		KT&G Corp		5,161,281
	20,111		LG Chem Ltd		5,896,059
	2,995		LG Chem Ltd (Preference)		613,905
	41,322		LG Corp		2,783,764
	49,459		LG Electronics, Inc		2,964,800
	4,096		LG Household & Health Care Ltd		3,627,186
	788		LG Household & Health Care Ltd (Preference)		449,260
	5,319		LG Innotek Co Ltd		712,293
	62,049		LG Telecom Ltd		922,441
	99,120		LG.Philips LCD Co Ltd		2,796,930
	376		Lotte Chilsung Beverage Co Ltd		542,438
	2,409		Lotte Confectionery Co Ltd		438,135
	5,272		Lotte Shopping Co Ltd		1,238,382
	1,894		Medy-Tox, Inc		1,000,295

295

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	12,354		Naver Corp	$	8,870,499
	7,685		NCsoft		2,478,761
	7,349	*,g	Netmarble Games Corp		939,106
	7,720		OCI Co LTD		636,771
	10,455	*	Orion Corp		767,039
	437		Ottogi Corp		305,769
	13,009		Pacific Corp		1,412,002
	32,269		POSCO		9,642,456
	8,250		S1 Corp (Korea)		679,784
	6,921	*,g	Samsung Biologics Co Ltd		1,682,389
	12,673		Samsung Card Co		449,416
	22,795		Samsung Electro-Mechanics Co Ltd		1,903,680
	42,574		Samsung Electronics Co Ltd		91,554,490
	7,735		Samsung Electronics Co Ltd (Preference)		13,336,559
	14,162		Samsung Fire & Marine Insurance Co Ltd		3,694,779
	104,361	*	Samsung Heavy Industries Co Ltd		1,044,394
	30,857		Samsung Life Insurance Co Ltd		3,460,469
	24,448		Samsung SDI Co Ltd		3,673,727
	14,975		Samsung SDS Co Ltd		2,392,541
	27,956		Samsung Securities Co Ltd		1,013,358
	15,572	*	Samsung Techwin Co Ltd		555,763
	186,618		Shinhan Financial Group Co Ltd		8,869,387
	2,948		Shinsegae Co Ltd		626,499
	14,436		SK C&C Co Ltd		3,501,368
	30,313		SK Energy Co Ltd		4,784,177
	49,287		SK Networks Co Ltd		278,813
	8,665		SK Telecom Co Ltd		2,142,436
	23,289		S-Oil Corp		2,425,976
	82,307	*	STX Pan Ocean Co Ltd		428,549
	22,161		Woongjin Coway Co Ltd		1,961,958
	117,515		Woori Bank		2,007,045
	52,834		Woori Investment & Securities Co Ltd		668,296
	3,861		Yuhan Corp		816,083
			TOTAL KOREA, REPUBLIC OF		326,695,658
MALAYSIA - 2.2%
	491,000		AirAsia BHD		370,196
	318,400		Alliance Financial Group BHD		292,341
	668,800		AMMB Holdings BHD		772,904
	593,000		Astro Malaysia Holdings BHD		357,337
	63,100		British American Tobacco Malaysia BHD		648,464
	1,498,339		Bumiputra-Commerce Holdings BHD		2,291,775
	1,210,596		Dialog Group BHD		545,737
	1,499,200		Digi.Com BHD		1,680,757
	377,000		Felda Global Ventures Holdings BHD		143,561
	663,700		Gamuda BHD		821,584
	960,275		Genting BHD		2,180,023
	146,600		Genting Plantations BHD		367,056
	196,700		HAP Seng Consolidated BHD		417,527
	176,000		Hartalega Holdings BHD		290,710
	267,387		Hong Leong Bank BHD		980,220
	69,106		Hong Leong Credit BHD		276,351
	1,355,400		IHH Healthcare BHD		1,868,589

296

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	1,232,300		IJM Corp BHD	$	998,580
	1,032,300		IOI Corp BHD		1,077,336
	606,541		IOI Properties Group Sdn BHD		297,498
	179,200		Kuala Lumpur Kepong BHD		1,037,672
	1,571,227		Malayan Banking BHD		3,500,997
	313,576		Malaysia Airports Holdings BHD		640,848
	679,100	*	Maxis BHD		896,255
	572,200		MISC BHD		986,954
	1,063,400		Petronas Chemicals Group BHD		1,727,574
	215,500		Petronas Dagangan BHD		1,197,019
	327,700		Petronas Gas BHD		1,433,920
	208,200		PPB Group BHD		819,865
	1,264,040		Public Bank BHD		5,987,648
	1,279,500		Resorts World BHD		1,791,320
	265,670		RHB Capital BHD		310,267
	1,890,200		Sapurakencana Petroleum BHD		680,111
	995,265		Sime Darby BHD		2,196,640
	517,465		Telekom Malaysia BHD		768,674
	1,530,450		Tenaga Nasional BHD		5,045,953
	1,160,669		TM International BHD		1,255,105
	180,500	*	UMW Holdings BHD		245,780
	307,800		Westports Holdings BHD		268,152
	1,549,800		YTL Corp BHD		506,653
	581,269		YTL Power International BHD		190,068
			TOTAL MALAYSIA		48,166,021
MEXICO - 3.5%
	1,370,450		Alfa S.A. de C.V. (Class A)		1,899,885
	14,572,470	*	America Movil S.A. de C.V. (Series L)		12,900,555
	6,238,797	*	Cemex S.A. de C.V.		6,027,654
	215,360		Coca-Cola Femsa S.A. de C.V.		1,833,327
	88,400		El Puerto de Liverpool SAB de C.V.		794,942
	154,325		Embotelladoras Arca SAB de C.V.		1,144,098
	1,130,900		Fibra Uno Administracion S.A. de C.V.		2,089,965
	830,837		Fomento Economico Mexicano S.A. de C.V.		8,390,275
	463,186		Gentera SAB de C.V.		704,308
	93,020		Gruma SAB de C.V.		1,284,802
	147,728		Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares)		1,691,663
	83,470		Grupo Aeroportuario del Sureste S.A. de C.V. (Class B)		1,782,866
	696,520		Grupo Bimbo S.A. de C.V. (Series A)		1,761,009
	198,598		Grupo Carso S.A. de C.V. (Series A1)		828,194
	1,071,987		Grupo Financiero Banorte S.A. de C.V.		7,106,637
	960,532		Grupo Financiero Inbursa S.A.		1,735,729
	758,200		Grupo Financiero Santander Mexico SAB de C.V.		1,557,073
	236,600	e	Grupo Lala SAB de C.V.		466,488
	1,657,156		Grupo Mexico S.A. de C.V. (Series B)		5,398,033
	1,072,726		Grupo Televisa S.A.		5,717,791
	71,387		Industrias Penoles S.A. de C.V.		1,755,031
	233,900		Infraestructura Energetica ,NV SAB de C.V.		1,325,817
	683,342		Kimberly-Clark de Mexico S.A. de C.V. (Class A)		1,375,704
	521,823		Mexichem SAB de C.V.		1,486,987
	103,715		Promotora y Operadora de Infraestructura SAB de C.V.		1,138,841
	2,302,189		Wal-Mart de Mexico SAB de C.V.		5,312,396
			TOTAL MEXICO		77,510,070

297

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
PAKISTAN - 0.0%
	55,800		Global X MSCI Pakistan ETF	$	898,380
			TOTAL PAKISTAN		898,380
PERU - 0.4%
	105,122		Cia de Minas Buenaventura S.A. (ADR) (Series B)		1,286,693
	28,290		Credicorp Ltd (NY)		5,237,611
	34,561		Southern Copper Corp (NY)		1,359,630
			TOTAL PERU		7,883,934
PHILIPPINES - 1.1%
	709,400		Aboitiz Equity Ventures, Inc		1,068,007
	750,800		Aboitiz Power Corp		580,285
	1,578,500		Alliance Global Group, Inc		449,076
	107,528		Ayala Corp		1,842,157
	3,401,900		Ayala Land, Inc		2,831,254
	911,869		Banco de Oro Universal Bank		2,273,883
	226,990		Bank of the Philippine Islands		470,534
	1,227,500		DMCI Holdings, Inc		391,652
	12,040		Globe Telecom, Inc		504,888
	39,520		GT Capital Holdings, Inc		950,387
	220,180		International Container Term Services, Inc		465,943
	1,278,680	*	JG Summit Holdings (Series B)		2,014,567
	208,320		Jollibee Foods Corp		928,261
	4,426,900		Megaworld Corp		421,093
	6,294,000		Metro Pacific Investments Corp		846,724
	366,672		Metropolitan Bank & Trust		632,342
	40,555		PLDT, Inc		1,315,767
	4,138,100		PNOC Energy Development Corp		489,581
	830,100		Robinsons Land Corp		422,946
	48,690		Security Bank Corp		225,731
	91,960		SM Investments Corp		1,470,613
	3,717,275		SM Prime Holdings		2,572,172
	400,550		Universal Robina		1,277,653
			TOTAL PHILIPPINES		24,445,516
POLAND - 1.3%
	36,388	*	Alior Bank S.A.		648,221
	8,150		Bank Handlowy w Warszawie S.A.		160,926
	216,854	*	Bank Millennium S.A.		465,389
	66,247		Bank Pekao S.A.		2,353,889
	12,753		Bank Zachodni WBK S.A.		1,346,472
	6,419	*	BRE Bank S.A.		811,967
	9,919		CCC S.A.		673,257
	64,284	*	Cyfrowy Polsat S.A.		458,228
	35,627		Eurocash S.A.		352,034
	78,204	*	Grupa Lotos S.A.		1,056,729
	20,543		Jastrzebska Spolka Weglowa S.A.		472,933
	61,082		KGHM Polska Miedz S.A.		2,078,090
	519		LPP S.A.		1,010,360
	1,032,441		Polish Oil & Gas Co		1,918,850

298

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	348,557		Polska Grupa Energetyczna S.A.	$	1,270,205
	154,528	*	Polski Koncern Naftowy Orlen S.A.		4,575,173
	393,931	*	Powszechna Kasa Oszczednosci Bank Polski S.A.		4,033,242
	246,372		Powszechny Zaklad Ubezpieczen S.A.		3,034,870
	95,708		Synthos S.A.		118,194
	303,984	*	Tauron Polska Energia S.A.		322,159
	264,409		Telekomunikacja Polska S.A.		400,981
	13,692	*	Zaklady Azotowe w Tarnowie-Moscicach S.A.		268,071
			TOTAL POLAND		27,830,240
QATAR - 0.6%
	46,925	*	Barwa Real Estate Co		430,709
	81,619	*	Commercial Bank of Qatar QSC		699,174
	61,071	*	Doha Bank QSC		520,003
	329,410	*	Ezdan Holding Group QSC		1,180,746
	67,444	*	Industries Qatar QSC		1,782,027
	157,267	*	Masraf Al Rayan		1,805,606
	27,725	*	Ooredoo QSC		729,535
	9,966	*	Qatar Electricity & Water Co		539,531
	224,313	*	Qatar Gas Transport Co Ltd		1,114,557
	56,304	*	Qatar Insurance Co SAQ		1,082,546
	24,337	*	Qatar Islamic Bank SAQ		645,065
	99,613	*	Qatar National Bank		3,775,759
			TOTAL QATAR		14,305,258
ROMANIA - 0.1%
	102,105	*	NEPI Rockcastle plc		1,360,109
			TOTAL ROMANIA		1,360,109
RUSSIA - 3.0%
	102,510		AFK Sistema (GDR)		410,040
	2,436,647		Gazprom OAO (ADR)		9,485,209
	32,928		Gazpromneft OAO (ADR)		549,023
	199,269		LUKOIL PJSC (ADR)		9,284,987
	133,818		Magnit OAO (GDR)		4,911,670
	233,806		MMC Norilsk Nickel PJSC (ADR)		3,469,587
	246,349		Mobile TeleSystems (ADR)		2,111,211
	43,156		NovaTek OAO (GDR)		4,521,516
	56,233		PhosAgro OAO (ADR)		771,475
	600,833		Rosneft Oil Co (GDR)		3,085,926
	69,382		Rostelecom (ADR)		456,975
	729,325		RusHydro PJSC (ADR)		911,688
	1,190,439		Sberbank of Russian Federation (ADR)		13,859,904
	108,023		Severstal (GDR)		1,484,558
	767,188		Surgutneftegaz (ADR)		3,343,209
	123,219		Tatneft PAO (ADR)		4,751,422
	1,325,227		VTB Bank OJSC (GDR)		2,557,268
			TOTAL RUSSIA		65,965,668
SOUTH AFRICA - 6.4%
	28,198	*	Anglo American Platinum Ltd		690,525
	187,832		AngloGold Ashanti Ltd		1,897,677
	170,947		Aspen Pharmacare Holdings Ltd		3,583,002

299

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	292,700	*,e	Barclays Africa Group Ltd	$	3,213,232
	143,092		Bid Corp Ltd		3,436,482
	140,289		Bidvest Group Ltd		1,785,827
	161,981	e	Brait S.A.		772,710
	15,072		Capitec Bank Holdings Ltd		983,195
	110,297		Coronation Fund Managers Ltd		570,941
	145,649		Discovery Holdings Ltd		1,550,423
	112,977		Exxaro Resources Ltd		932,906
	1,461,849		FirstRand Ltd		5,750,197
	368,584		Fortress Income Fund Ltd		1,068,380
	431,936		Fortress Income Fund Ltd (A Shares)		577,827
	82,221	e	Foschini Ltd		946,491
	380,123		Gold Fields Ltd		1,516,407
	864,997		Growthpoint Properties Ltd		1,627,447
	94,940		Hyprop Investments Ltd		851,515
	287,698		Impala Platinum Holdings Ltd		768,157
	59,528	e	Imperial Holdings Ltd		786,299
	114,096		Investec Ltd		853,204
	40,805	e	Liberty Holdings Ltd		350,070
	517,522		Life Healthcare Group Holdings Pte Ltd		994,631
	45,598		Massmart Holdings Ltd		382,845
	414,362		Metropolitan Holdings Ltd		649,271
	50,675		Mondi Ltd		1,315,829
	103,781		Mr Price Group Ltd		1,363,851
	732,130	e	MTN Group Ltd		6,583,179
	191,643		Naspers Ltd (N Shares)		42,363,526
	86,686	e	Nedbank Group Ltd		1,441,803
	466,424		Network Healthcare Holdings Ltd		868,005
	171,214		Pick’n Pay Stores Ltd		823,802
	54,532		Pioneer Foods Ltd		579,882
	37,394		PSG Group Ltd		733,877
	251,717		Rand Merchant Investment Holdings Ltd		802,400
	2,099,137		Redefine Properties Ltd		1,715,467
	233,149		Remgro Ltd		3,783,005
	127,302		Resilient REIT Ltd		1,264,229
	304,852		RMB Holdings Ltd		1,471,287
	605,327		Sanlam Ltd		3,048,753
	248,160		Sappi Ltd		1,643,830
	245,518		Sasol Ltd		7,400,404
	186,093	e	Shoprite Holdings Ltd		2,847,860
	845,836		Sibanye Gold Ltd		1,079,617
	86,598		Spar Group Ltd		1,085,426
	555,642		Standard Bank Group Ltd		6,902,619
	1,309,381		Steinhoff International Holdings NV		6,552,097
	91,536		Telkom S.A. Ltd		451,820
	72,058		Tiger Brands Ltd		2,184,747
	176,836		Truworths International Ltd		1,014,421
	217,198		Vodacom Group Pty Ltd		2,934,943
	443,681		Woolworths Holdings Ltd		2,120,487
			TOTAL SOUTH AFRICA		140,916,827
TAIWAN - 11.7%
	1,163,912		Acer, Inc		571,936

300

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	2,881,838		Advanced Semiconductor Engineering, Inc	$	3,866,381
	157,030		Advantech Co Ltd		1,187,852
	1,038,512		Asia Cement Corp		917,840
	721,000	*	Asia Pacific Telecom Co Ltd		255,532
	304,500		Asustek Computer, Inc		2,831,944
	3,782,000		AU Optronics Corp		1,531,060
	279,000		Catcher Technology Co Ltd		3,206,520
	3,599,270		Cathay Financial Holding Co Ltd		5,864,597
	409,518		Chailease Holding Co Ltd		1,177,267
	1,826,154		Chang Hwa Commercial Bank		1,070,544
	822,490		Cheng Shin Rubber Industry Co Ltd		1,663,628
	180,965		Chicony Electronics Co Ltd		465,625
	1,311,000		China Airlines		402,893
	5,254,754	*	China Development Financial Holding Corp		1,584,887
	1,458,346		China Life Insurance Co Ltd (Taiwan)		1,542,998
	5,473,850		China Steel Corp		4,494,637
	7,672,908		Chinatrust Financial Holding Co		4,929,600
	1,716,600		Chunghwa Telecom Co Ltd		5,802,450
	1,771,000		Compal Electronics, Inc		1,176,196
	841,929		Delta Electronics, Inc		4,473,676
	3,595,300		E.Sun Financial Holding Co Ltd		2,291,995
	80,316		Eclat Textile Co Ltd		924,674
	932,315		Eva Airways Corp		451,795
	690,491	*	Evergreen Marine Corp Tawain Ltd		378,376
	1,189,852		Far Eastern Textile Co Ltd		979,273
	705,000		Far EasTone Telecommunications Co Ltd		1,704,427
	156,662		Feng TAY Enterprise Co Ltd		671,905
	4,029,727		First Financial Holding Co Ltd		2,721,803
	1,395,270		Formosa Chemicals & Fibre Corp		4,203,824
	751,000		Formosa Petrochemical Corp		2,636,393
	1,825,600		Formosa Plastics Corp		5,475,118
	234,000		Formosa Taffeta Co Ltd		231,703
	369,512		Foxconn Technology Co Ltd		1,111,003
	2,940,812		Fubon Financial Holding Co Ltd		4,568,416
	4,212,112		Fuhwa Financial Holdings Co Ltd		1,805,598
	138,000		Giant Manufacturing Co Ltd		681,185
	61,000		Globalwafers Co Ltd		480,214
	308,500	*	High Tech Computer Corp		732,253
	299,290		Highwealth Construction Corp		495,527
	85,975		Hiwin Technologies Corp		624,262
	6,810,141		Hon Hai Precision Industry Co, Ltd		26,485,147
	112,000		Hotai Motor Co Ltd		1,360,977
	2,947,255		Hua Nan Financial Holdings Co Ltd		1,722,585
	3,940,061		InnoLux Display Corp		1,921,992
	1,051,060		Inventec Co Ltd		839,608
	44,000		Largan Precision Co Ltd		8,028,208
	817,778		Lite-On Technology Corp		1,323,506
	661,961	*	MediaTek, Inc		5,827,182
	4,817,046		Mega Financial Holding Co Ltd		4,076,909
	75,000		Merida Industry Co Ltd		358,812
	297,000		Micro-Star International Co Ltd		769,459
	2,137,860		Nan Ya Plastics Corp		5,380,782
	272,000		Nanya Technology Corp		560,927

301

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	56,000		Nien Made Enterprise Co Ltd	$	683,366
	247,000		Novatek Microelectronics Corp Ltd		939,256
	49,000	*	OBI Pharma, Inc		348,702
	831,000		Pegatron Technology Corp		2,710,308
	59,000		Phison Electronics Corp		819,628
	883,000		Pou Chen Corp		1,192,826
	289,000		Powertech Technology, Inc		936,472
	257,000		President Chain Store Corp		2,177,746
	1,139,000		Quanta Computer, Inc		2,700,516
	197,085		Realtek Semiconductor Corp		737,464
	335,111	*	Ruentex Development Co Ltd		362,934
	196,730		Ruentex Industries Ltd		291,939
	2,932,093	*	Shin Kong Financial Holding Co Ltd		783,816
	922,169	*	Siliconware Precision Industries Co		1,518,604
	4,504,800	*	SinoPac Financial Holdings Co Ltd		1,412,486
	244,017		Standard Foods Corp		649,714
	578,050		Synnex Technology International Corp		642,760
	70,000	*	TaiMed Biologics, Inc		511,805
	3,608,294		Taishin Financial Holdings Co Ltd		1,696,837
	1,296,236		Taiwan Business Bank		367,879
	1,469,914		Taiwan Cement Corp		1,703,589
	3,662,627		Taiwan Cooperative Financial Holding		2,001,454
	361,000		Taiwan Fertilizer Co Ltd		490,204
	648,000		Taiwan High Speed Rail Corp		559,152
	727,200	*	Taiwan Mobile Co Ltd		2,602,559
	10,662,000		Taiwan Semiconductor Manufacturing Co Ltd		75,368,605
	791,000		Teco Electric and Machinery Co Ltd		744,936
	77,000		Transcend Information, Inc		228,024
	2,117,569		Uni-President Enterprises Corp		4,052,693
	5,248,000		United Microelectronics Corp		2,408,778
	358,000		Vanguard International Semiconductor Corp		670,196
	1,007,476		Wistron Corp		1,016,687
	599,500		WPG Holdings Co Ltd		839,567
	255,000	*	Yulon Motor Co Ltd		222,793
	202,127		Zhen Ding Technology Holding Ltd		470,194
			TOTAL TAIWAN		255,708,390
THAILAND - 2.1%
	455,500	*	Advanced Info Service PCL (Foreign)		2,538,246
	1,812,300		Airports of Thailand PCL		2,791,170
	94,700		Bangkok Bank PCL (Foreign)		524,866
	1,417,400		Bangkok Dusit Medical Services PCL		813,258
	2,700,000		Bangkok Expressway & Metro PCL		608,774
	1,218,900		Banpu PCL (Foreign)		597,470
	273,300		BEC World PCL (Foreign)		151,941
	466,400		Berli Jucker PCL		648,295
	1,644,900		BTS Group Holdings PCL (Foreign)		425,265
	140,600		Bumrungrad Hospital PCL (Foreign)		739,188
	461,700		Central Pattana PCL (Foreign)		966,975
	1,328,280		Charoen Pokphand Foods PCL		981,741
	2,119,900		CP Seven Eleven PCL (Foreign)		3,872,195
	130,200		Delta Electronics Thai PCL		347,739
	52,000		Electricity Generating PCL		340,605

302

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	509,100		Energy Absolute PCL (Foreign)	$	565,713
	246,500		Glow Energy PCL (Foreign)		599,923
	1,481,926		Home Product Center PCL (Foreign)		440,882
	528,278		Indorama Ventures PCL (Foreign)		590,895
	7,535,100		IRPC PCL (Foreign)		1,245,518
	771,700		Kasikornbank PCL (Foreign)		4,590,831
	110,200		KCE Electronics PCL		286,327
	1,586,650		Krung Thai Bank PCL (Foreign)		863,080
	800,170		Minor International PCL (Foreign)		1,009,936
	629,784		PTT Exploration & Production PCL (Foreign)		1,666,820
	921,741		PTT Global Chemical PCL (Foreign)		1,996,575
	493,600		PTT PCL (Foreign)		5,756,828
	203,000		Robinson PCL		355,517
	177,650		Siam Cement PCL (Foreign)		2,700,317
	745,600		Siam Commercial Bank PCL (Foreign)		3,293,712
	563,800		Thai Oil PCL (Foreign)		1,453,348
	666,000		Thai Union Group PCL		406,287
	3,120,700		TMB Bank PCL (Foreign)		221,400
	5,286,748	*	True Corp PCL		897,709
			TOTAL THAILAND		45,289,346
TURKEY - 1.2%
	950,355		Akbank TAS		2,827,200
	90,802		Anadolu Efes Biracilik Ve Malt Sanayii AS		532,690
	98,084		Arcelik AS		725,053
	87,797		Aselsan Elektronik Sanayi Ve Ticaret AS		600,357
	91,348		BIM Birlesik Magazalar AS		1,781,577
	40,123		Coca-Cola Icecek AS		484,863
	798,927	*	Emlak Konut Gayrimenkul Yatiri		722,659
	627,036		Eregli Demir ve Celik Fabrikalari TAS		1,397,997
	21,083		Ford Otomotiv Sanayi AS		269,745
	398,343		Haci Omer Sabanci Holding AS		1,224,419
	278,068		KOC Holding AS		1,294,986
	358,286		Petkim Petrokimya Holding		655,021
	83,385		TAV Havalimanlari Holding AS		505,353
	35,268		Tofas Turk Otomobil Fabrik		309,890
	76,223		Tupras Turkiye Petrol Rafine		2,349,026
	341,522	*	Turk Hava Yollari		857,560
	309,787		Turk Sise ve Cam Fabrikalari AS		396,305
	178,558	*	Turk Telekomunikasyon AS		368,093
	323,121		Turkcell Iletisim Hizmet AS		1,181,584
	1,016,385		Turkiye Garanti Bankasi AS		3,043,753
	271,045		Turkiye Halk Bankasi AS		1,162,883
	643,834		Turkiye Is Bankasi (Series C)		1,385,963
	227,268		Turkiye Vakiflar Bankasi Tao		454,893
	67,278		Ulker Biskuvi Sanayi AS		406,232
	409,675	*	Yapi ve Kredi Bankasi		528,830
			TOTAL TURKEY		25,466,932
UNITED ARAB EMIRATES - 0.7%
	792,345	*	Abu Dhabi Commercial Bank PJSC		1,563,149
	1,166,017		Aldar Properties PJSC		742,459
	537,455	*	DAMAC Properties Dubai Co PJSC		585,002

303

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	74,246		DP World Ltd	$	1,707,658
	528,628	*	Dubai Islamic Bank PJSC		874,453
	936,289	*	Dubai Parks & Resorts PJSC		196,916
	735,021	*	Emaar Malls Group PJSC		496,277
	1,530,791	*	Emaar Properties PJSC		3,431,406
	763,434		Emirates Telecommunications Group Co PJSC		3,895,015
	769,618	*	National Bank of Abu Dhabi PJSC		2,231,506
			TOTAL UNITED ARAB EMIRATES		15,723,841
UNITED STATES - 2.2%
	299,667		iShares Core MSCI Emerging Markets ETF		15,819,421
	582,109		iShares MSCI Emerging Markets		25,496,374
	177,746	*	Yum China Holdings, Inc		6,361,529
			TOTAL UNITED STATES		47,677,324
			TOTAL COMMON STOCKS		2,171,134,152
			(Cost $1,831,185,214)
PREFERRED STOCKS - 0.3%
BRAZIL - 0.3%
	1,700,498		ITAUSA Investimentos Itau PR		5,044,208
			TOTAL BRAZIL		5,044,208
INDIA - 0.0%
	10,463,000	*,m	Vedanta Ltd		124,975
			TOTAL INDIA		124,975
PHILIPPINES - 0.0%
	307,700	*,m	Ayala Land, Inc (Preferred B)		610
			TOTAL PHILIPPINES		610
			TOTAL PREFERRED STOCKS		5,169,793
			(Cost $4,992,071)
RIGHTS / WARRANTS - 0.0%
INDIA - 0.0%
	158,766		Tata Motors Ltd (DVR)		644,511
			TOTAL INDIA		644,511
			TOTAL RIGHTS / WARRANTS		644,511
			(Cost $711,957)

PRINCIPAL		ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 1.5%
GOVERNMENT AGENCY DEBT - 0.1%
$	2,500,000	Federal Home Loan Bank (FHLB)		0.800	%	08/01/17	2,500,000
		TOTAL GOVERNMENT AGENCY DEBT					2,500,000

304

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.4%
	29,692,293	c	State Street Navigator Securities Lending Government Money Market Portfolio	$	29,692,293
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		29,692,293
			TOTAL SHORT-TERM INVESTMENTS		32,192,293
			(Cost $32,192,293)
			TOTAL INVESTMENTS - 100.9%		2,209,140,749
			(Cost $1,869,081,535)
			OTHER ASSETS & LIABILITIES, NET - (0.9)%		(19,003,226	)
			NET ASSETS - 100.0%	$	2,190,137,523

	Abbreviation(s):
	ADR     American Depositary Receipt
	DVR     Differential Voting Rights
	ETF      Exchange Traded Fund
	GDR     Global Depositary Receipt
	REIT     Real Estate Investment Trust
*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $27,643,164.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 7/31/17, the aggregate value of these securities amounted to $8,913,086 or 0.4% of net assets.
m	Indicates a security that has been deemed illiquid.

305

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY INDEX FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2017

				% OF
SECTOR	VALUE			NET ASSETS
INFORMATION TECHNOLOGY	$	574,689,486			26.2	%
FINANCIALS		533,531,349			24.4
CONSUMER DISCRETIONARY		223,080,269			10.2
ENERGY		147,418,345			6.7
MATERIALS		147,405,028			6.7
CONSUMER STAPLES		139,565,494			6.4
INDUSTRIALS		117,766,305			5.4
TELECOMMUNICATION SERVICES		112,501,175			5.1
UTILITIES		72,207,922			3.3
REAL ESTATE		60,256,288			2.8
HEALTH CARE		48,526,795			2.2
SHORT-TERM INVESTMENTS		32,192,293			1.5
OTHER ASSETS & LIABILITIES, NET		(19,003,226	)		(0.9	)
NET ASSETS	$	2,190,137,523			100.0	%

306

TIAA-CREF FUNDS - International Equity Index Fund

TIAA-CREF FUNDS

INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.8%
AUSTRALIA - 7.2%
	492,606		AGL Energy Ltd	$	9,499,277
	1,840,746		Alumina Ltd		2,795,860
	918,749		Amcor Ltd		11,278,056
	2,184,256		AMP Ltd		9,416,242
	820,669		APA Group		5,661,625
	410,914		Aristocrat Leisure Ltd		6,663,557
	1,500,585		AusNet Services		1,962,757
	2,206,345		Australia & New Zealand Banking Group Ltd		52,310,550
	146,578		Australian Stock Exchange Ltd		6,130,708
	276,961		Bank of Queensland Ltd		2,669,736
	367,714		Bendigo Bank Ltd		3,270,765
	2,429,181		BHP Billiton Ltd		50,591,130
	1,596,845		BHP Billiton plc		29,116,886
	436,214		BlueScope Steel Ltd		4,595,315
	870,912		Boral Ltd		4,826,311
	1,235,969		Brambles Ltd		9,138,475
	202,064		Caltex Australia Ltd		5,035,590
	429,775		Challenger Financial Services Group Ltd		4,416,757
	72,282		CIMIC Group Ltd		2,397,740
	476,269		Coca-Cola Amatil Ltd		3,136,199
	42,442		Cochlear Ltd		4,848,307
	1,293,982		Commonwealth Bank of Australia		86,690,131
	341,886		Computershare Ltd		3,846,733
	301,188		Crown Resorts Ltd		3,067,295
	344,458		CSL Ltd		34,704,908
	750,137		Dexus Property Group		5,632,833
	50,964	e	Domino’s Pizza Enterprises Ltd		2,172,684
	49,135	e	Flight Centre Travel Group Ltd		1,709,043
	1,177,933		Fortescue Metals Group Ltd		5,414,028
	1,363,491		GPT Group (ASE)		5,227,718
	440,579	e	Harvey Norman Holdings Ltd		1,540,504
	1,343,188		Healthscope Ltd		2,235,759
	1,234,052		Incitec Pivot Ltd		3,150,770
	1,757,267		Insurance Australia Group Ltd		9,372,191
	403,224		Lend Lease Corp Ltd		5,438,775
	1,336,430		Macquarie Goodman Group		8,516,718
	242,737		Macquarie Group Ltd		16,664,727
	2,325,478		Medibank Pvt Ltd		5,060,329
	2,750,418		Mirvac Group		4,777,355
	2,010,871		National Australia Bank Ltd		48,206,197
	563,491		Newcrest Mining Ltd		9,155,915
	1,032,973		Oil Search Ltd		5,496,041
	280,036		Orica Ltd		4,451,896
	1,318,921	*	Origin Energy Ltd		7,306,146

307

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	344,430		Qantas Airways Ltd	$	1,463,852
	1,027,049		QBE Insurance Group Ltd		9,729,804
	1,485,502		QR National Ltd		5,962,440
	114,751		Ramsay Health Care Ltd		6,479,560
	42,397		REA Group Ltd		2,338,621
	1,440,777	*	Santos Ltd		3,914,983
	4,188,355		Scentre Group		13,849,741
	247,557		Seek Ltd		3,385,076
	328,695		Sonic Healthcare Ltd		5,866,195
	4,001,260		South32 Ltd		9,332,350
	1,819,605		Stockland Trust Group		6,117,962
	956,526		Suncorp-Metway Ltd		10,932,763
	832,029		Sydney Airport		4,484,818
	703,322	*	Tabcorp Holdings Ltd		2,350,098
	1,096,708		Tattersall’s Ltd		3,509,655
	3,288,694		Telstra Corp Ltd		10,788,782
	291,468	e	TPG Telecom Ltd		1,307,912
	1,513,711		Transurban Group (ASE)		13,823,992
	543,565		Treasury Wine Estates Ltd		5,292,021
	2,737,497		Vicinity Centres		6,024,793
	871,905		Wesfarmers Ltd		28,411,544
	1,543,454		Westfield Corp		9,489,656
	2,520,522		Westpac Banking Corp		64,248,449
	570,304		Woodside Petroleum Ltd		13,328,337
	955,327		Woolworths Ltd		20,389,949
			TOTAL AUSTRALIA		772,423,892
AUSTRIA - 0.3%
	52,293		Andritz AG.		3,201,571
	229,200		Erste Bank der Oesterreichischen Sparkassen AG.		9,494,579
	119,466		OMV AG.		6,767,408
	122,553	*	Raiffeisen International Bank Holding AG.		3,611,598
	85,526		Voestalpine AG.		4,334,791
			TOTAL AUSTRIA		27,409,947
BELGIUM - 1.2%
	143,072		Ageas		6,440,914
	576,270		Anheuser-Busch InBev S.A.		69,516,877
	56,068		Colruyt S.A.		3,141,953
	57,596		Groupe Bruxelles Lambert S.A.		5,907,186
	190,456		KBC Groep NV		15,745,764
	117,118		Proximus plc		4,118,427
	55,156		Solvay S.A.		7,908,332
	36,541	*	Telenet Group Holding NV		2,551,087
	94,048		UCB S.A.		6,848,756
	69,844		Umicore		5,607,224
			TOTAL BELGIUM		127,786,520
CHILE - 0.0%
	303,091		Antofagasta plc		3,785,010
			TOTAL CHILE		3,785,010

308

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
CHINA - 0.0%
	1,624,700		Yangzijiang Shipbuilding	$	1,695,288
			TOTAL CHINA		1,695,288
DENMARK - 1.8%
	2,831		AP Moller - Maersk AS (Class A)		5,912,617
	4,942		AP Moller - Maersk AS (Class B)		10,787,590
	77,955		Carlsberg AS (Class B)		8,660,731
	72,637		Christian Hansen Holding		5,849,555
	87,342		Coloplast AS		7,503,435
	557,971		Danske Bank AS		22,596,529
	110,234	g	DONG Energy A.S.		5,317,958
	140,580		DSV AS		9,076,646
	43,405	*	Genmab AS		9,864,288
	54,006		H Lundbeck AS		3,238,295
	118,927		ISS A.S.		4,875,391
	1,364,853		Novo Nordisk AS		58,046,400
	186,231		Novozymes AS		8,599,298
	85,941		Pandora AS		9,890,827
	591,448		TDC AS		3,649,561
	83,191		Tryg A.S.		1,874,484
	167,514		Vestas Wind Systems AS		16,371,457
	91,646	*	William Demant Holding A.S.		2,434,939
			TOTAL DENMARK		194,550,001
FINLAND - 1.0%
	100,384		Elisa Oyj (Series A)		4,132,495
	320,819		Fortum Oyj		5,246,071
	251,075		Kone Oyj (Class B)		13,077,827
	88,129		Metso Oyj		2,803,714
	93,560		Neste Oil Oyj		4,056,202
	4,420,692		Nokia Oyj (Turquoise)		28,209,243
	86,712		Nokian Renkaat Oyj		3,535,621
	81,827		Orion Oyj (Class B)		4,135,597
	338,071		Sampo Oyj (A Shares)		18,489,635
	417,952		Stora Enso Oyj (R Shares)		5,587,946
	410,326		UPM-Kymmene Oyj		11,170,343
	113,701		Wartsila Oyj (B Shares)		7,556,360
			TOTAL FINLAND		108,001,054
FRANCE - 10.1%
	136,276		Accor S.A.		6,330,524
	23,208		Aeroports de Paris		3,927,601
	291,517		Air Liquide		35,743,963
	115,589		Alstom RGPT		4,141,105
	51,219		Arkema		5,830,534
	72,333		Atos Origin S.A.		10,997,191
	1,474,087		AXA S.A.		43,534,911
	853,758		BNP Paribas		66,162,536
	666,300		Bollore		3,091,388
	160,091		Bouygues S.A.		6,863,759
	205,673		Bureau Veritas S.A.		4,686,183
	120,850		Cap Gemini S.A.		13,156,873
	447,694		Carrefour S.A.		10,753,675

309

TIAA-CREF FUNDS - International Equity Index Fund

SHARES		COMPANY	VALUE
	40,847	Casino Guichard Perrachon S.A.	$	2,491,306
	138,404	CNP Assurances		3,341,305
	377,014	Compagnie de Saint-Gobain		20,919,262
	883,561	Credit Agricole S.A.		15,508,568
	1,826	Dassault Aviation S.A.		2,741,552
	95,721	Dassault Systemes S.A.		9,390,004
	166,874	Edenred		4,386,756
	55,369	Eiffage S.A.		5,363,355
	452,791	Electricite de France		4,596,115
	154,164	Essilor International S.A.		19,518,186
	32,328	Eurazeo		2,638,757
	439,974	European Aeronautic Defence and Space Co		36,762,724
	127,980	Eutelsat Communications		3,463,678
	26,811	Fonciere Des Regions		2,587,940
	1,490,646	France Telecom S.A.		25,082,912
	1,267,144	Gaz de France		20,408,875
	34,075	Gecina S.A.		5,151,864
	439,273	Groupe Danone		32,778,625
	401,543	Groupe Eurotunnel S.A.		4,452,546
	23,635	Hermes International		11,971,472
	26,975	Icade		2,316,081
	19,877	Iliad S.A.		4,930,973
	24,803	Imerys S.A.		2,150,033
	48,000	Ingenico		5,034,973
	31,960	Ipsen		4,090,710
	71,879	JC Decaux S.A.		2,559,742
	58,509	Kering		20,450,140
	163,785	Klepierre		6,665,646
	87,685	Lagardere S.C.A.		2,880,945
	198,890	Legrand S.A.		13,738,844
	189,190	L’Oreal S.A.		39,196,426
	212,308	LVMH Moet Hennessy Louis Vuitton S.A.		53,329,334
	128,488	Michelin (C.G.D.E.) (Class B)		17,401,910
	726,841	Natixis		5,281,623
	157,399	Pernod-Ricard S.A.		21,838,183
	372,950	Peugeot S.A.		8,022,425
	149,705	Publicis Groupe S.A.		11,320,158
	15,501	Remy Cointreau S.A.		1,783,102
	134,131	Renault S.A.		12,084,114
	228,955	Rexel S.A.		3,625,606
	236,735	Safran S.A.		22,397,655
	878,487	Sanofi-Aventis		83,710,149
	425,683	Schneider Electric S.A.		33,408,957
	129,916	SCOR SE		5,479,318
	16,549	SEB S.A.		2,944,138
	25,627	Societe BIC S.A.		3,005,941
	585,029	Societe Generale		34,303,004
	67,941	Sodexho Alliance S.A.		8,025,845
	271,682	Suez Environnement S.A.		4,912,346
	77,531	Thales S.A.		8,583,294
	1,759,130	Total S.A.		89,458,223
	73,038	Unibail-Rodamco		18,267,125
	181,119	Valeo S.A.		12,540,417

310

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	346,798		Veolia Environnement	$	7,815,698
	380,559		Vinci S.A.		34,077,675
	770,082		Vivendi Universal S.A.		17,799,561
	20,987		Wendel		3,157,748
	153,734		Zodiac S.A.		4,396,434
			TOTAL FRANCE		1,081,760,541
GERMANY - 9.3%
	143,554		Adidas-Salomon AG.		32,786,901
	348,140		Allianz AG.		74,208,831
	35,354		Axel Springer AG.		2,244,941
	695,110		BASF SE		66,174,426
	626,522		Bayer AG.		79,356,013
	249,963		Bayerische Motoren Werke AG.		22,966,457
	42,128		Bayerische Motoren Werke AG. (Preference)		3,357,038
	75,263		Beiersdorf AG.		8,259,275
	115,018		Brenntag AG.		6,517,746
	814,147	*	Commerzbank AG.		10,649,314
	82,501		Continental AG.		18,584,793
	86,872	g	Covestro AG.		6,736,776
	724,811		Daimler AG. (Registered)		50,783,714
	354,075		Deutsche Annington Immobilien SE		14,348,835
	1,565,277		Deutsche Bank AG. (Registered)		27,873,909
	145,931		Deutsche Boerse AG.		15,237,705
	183,088		Deutsche Lufthansa AG.		3,931,818
	748,316		Deutsche Post AG.		29,029,080
	2,471,270		Deutsche Telekom AG.		45,146,967
	261,334		Deutsche Wohnen AG.		10,356,263
	1,664,354		E.ON AG.		16,465,032
	120,417		Evonik Industries AG.		4,101,108
	30,911		Fraport AG. Frankfurt Airport Services Worldwide		3,095,398
	159,293		Fresenius Medical Care AG.		15,021,399
	313,894		Fresenius SE		26,494,133
	52,563		Fuchs Petrolub AG. (Preference)		3,120,423
	137,483		GEA Group AG.		5,587,468
	45,354		Hannover Rueckversicherung AG.		5,724,521
	109,622		HeidelbergCement AG.		10,854,983
	77,705		Henkel KGaA		9,775,998
	131,874		Henkel KGaA (Preference)		18,679,684
	15,597		Hochtief AG.		2,783,965
	47,269		Hugo Boss AG.		3,565,419
	867,155		Infineon Technologies AG.		18,831,369
	117,856	g	Innogy SE		4,949,939
	142,223	e	K&S AG.		3,698,248
	69,499		Lanxess AG.		5,359,338
	140,040		Linde AG.		26,714,126
	33,796		MAN AG.		3,742,560
	96,029		Merck KGaA		10,537,420
	128,048	*	Metro Wholesale & Food Specialist AG.		2,586,769
	121,821		Muenchener Rueckver AG.		26,167,077
	65,859		Osram Licht AG.		5,488,313
	115,103		Porsche AG.		6,587,702
	176,071		ProSiebenSat. Media AG.		7,034,746

311

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	391,772	*	RWE AG.	$	8,254,860
	744,944		SAP AG.		78,878,528
	125,611		Schaeffler AG.		1,751,307
	582,357		Siemens AG.		79,026,769
	99,486		Symrise AG.		6,965,586
	543,073		Telefonica Deutschland Holding AG.		2,805,384
	276,999		ThyssenKrupp AG.		8,227,264
	334,436		TUI AG. (DI)		5,256,550
	94,541		United Internet AG.		5,755,657
	24,445		Volkswagen AG.		3,843,872
	140,312		Volkswagen AG. (Preference)		21,578,436
	83,632	*,g	Zalando SE		3,743,143
			TOTAL GERMANY		1,001,605,296
HONG KONG - 3.5%
	9,094,000		AIA Group Ltd		71,528,902
	201,200		ASM Pacific Technology		2,600,257
	857,334		Bank of East Asia Ltd		3,667,386
	2,793,000		BOC Hong Kong Holdings Ltd		13,731,710
	1,979,336		Cheung Kong Property Holdings Ltd		16,006,538
	2,060,836		CK Hutchison Holdings Ltd		27,118,776
	564,500		CK Infrastructure Holdings Ltd		5,261,526
	1,223,000		CLP Holdings Ltd		13,031,240
	1,367,750		First Pacific Co		1,023,619
	1,777,000		Galaxy Entertainment Group Ltd		10,971,379
	665,000		Hang Lung Group Ltd		2,525,992
	1,456,000		Hang Lung Properties Ltd		3,621,199
	558,100		Hang Seng Bank Ltd		12,133,416
	835,056		Henderson Land Development Co Ltd		4,826,403
	2,404,000	*,e,g	HK Electric Investments & HK Electric Investments Ltd		2,279,901
	3,272,640		HKT Trust and HKT Ltd		4,290,448
	6,508,400		Hong Kong & China Gas Ltd		12,301,245
	1,110,000		Hong Kong Electric Holdings Ltd		10,994,293
	899,190		Hong Kong Exchanges and Clearing Ltd		25,616,313
	874,500		Hongkong Land Holdings Ltd		6,571,419
	4,382,900		Hutchison Port Holdings Trust		2,080,576
	477,792		Hysan Development Co Ltd		2,310,478
	159,600		Jardine Matheson Holdings Ltd		10,180,715
	164,700		Jardine Strategic Holdings Ltd		6,715,936
	458,623		Kerry Properties Ltd		1,607,135
	4,696,600		Li & Fung Ltd		1,718,046
	1,638,991		Link REIT		13,306,377
	185,900		Melco Crown Entertainment Ltd (ADR)		3,755,180
	1,109,608		MTR Corp		6,407,519
	4,276,855		New World Development Co Ltd		5,775,664
	1,095,952		NWS Holdings Ltd		2,096,636
	3,914,959		PCCW Ltd		2,201,686
	1,799,600		Sands China Ltd		8,334,848
	942,192		Shangri-La Asia Ltd		1,530,101
	2,156,068		Sino Land Co		3,555,939
	1,471,000		SJM Holdings Ltd		1,470,604
	1,074,186		Sun Hung Kai Properties Ltd		16,620,079
	428,500		Swire Pacific Ltd (Class A)		4,269,640

312

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	812,200		Swire Properties Ltd	$	2,805,730
	1,033,000		Techtronic Industries Co		4,589,920
	5,966,000	g	WH Group Ltd		5,593,971
	909,762		Wharf Holdings Ltd		7,732,651
	612,000		Wheelock & Co Ltd		4,611,722
	598,000		Yue Yuen Industrial Holdings		2,468,940
			TOTAL HONG KONG		371,842,055
IRELAND - 0.5%
	112,562	*	AerCap Holdings NV		5,526,794
	689,634	*	Bank of Ireland Group plc		5,755,543
	622,006		CRH plc		21,832,943
	67,097	*,m	Irish Bank Resolution Corp Ltd		0
	358,961		James Hardie Industries NV		5,496,344
	125,399		Kerry Group plc (Class A)		11,350,188
	62,272		Paddy Power plc		6,239,166
	40,148	*	Ryanair Holdings plc		844,296
	14,677	*	Ryanair Holdings plc (ADR)		1,663,344
			TOTAL IRELAND		58,708,618
ISRAEL - 0.6%
	27,612		Azrieli Group		1,508,820
	804,363		Bank Hapoalim Ltd		5,571,664
	1,075,322		Bank Leumi Le-Israel		5,166,005
	1,724,814		Bezeq Israeli Telecommunication Corp Ltd		2,559,675
	96,872	*	Check Point Software Technologies		10,247,120
	17,157		Elbit Systems Ltd		2,166,335
	28,114		Frutarom Industries Ltd		1,993,352
	374,576		Israel Chemicals Ltd		1,784,964
	101,573		Mizrahi Tefahot Bank Ltd		1,835,415
	52,144		Nice Systems Ltd		3,886,703
	692,914		Teva Pharmaceutical Industries Ltd (ADR)		22,291,043
			TOTAL ISRAEL		59,011,096
ITALY - 2.1%
	946,614		Assicurazioni Generali S.p.A.		17,169,879
	334,366		Autostrade S.p.A.		10,171,194
	9,638,930		Banca Intesa S.p.A.		33,181,319
	751,201		Banca Intesa S.p.A. RSP		2,394,601
	6,123,231	e	Enel S.p.A.		34,928,723
	1,923,433		ENI S.p.A.		30,453,983
	96,280		Ferrari NV		10,131,505
	306,517		Finmeccanica S.p.A.		5,341,465
	808,467		Fondiaria-Sai S.p.A		1,868,997
	137,014		Luxottica Group S.p.A.		7,909,703
	434,644		Mediobanca S.p.A.		4,534,908
	402,787	g	Poste Italiane S.p.A		2,965,013
	154,811		Prysmian S.p.A.		4,951,770
	79,368		Recordati S.p.A.		3,391,807
	470,712	*	Saipem S.p.A		1,931,415
	1,691,433		Snam Rete Gas S.p.A.		8,002,626
	4,542,091		Telecom Italia RSP		3,720,679
	8,468,532	*	Telecom Italia S.p.A.		8,712,512

313

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	1,060,948		Terna Rete Elettrica Nazionale S.p.A.	$	6,060,939
	1,513,294	*	UniCredit S.p.A		29,742,189
			TOTAL ITALY		227,565,227
JAPAN - 23.1%
	29,900		ABC-Mart, Inc		1,704,929
	349,300	*	Acom Co Ltd		1,487,549
	474,600		Aeon Co Ltd		7,151,273
	85,000		AEON Financial Service Co Ltd		1,850,036
	79,700		Aeon Mall Co Ltd		1,517,971
	108,800		Air Water, Inc		2,106,492
	132,900		Aisin Seiki Co Ltd		6,909,336
	422,400		Ajinomoto Co, Inc		8,495,630
	151,200		Alfresa Holdings Corp		2,782,706
	923,000		All Nippon Airways Co Ltd		3,168,806
	149,900		Alps Electric Co Ltd		4,076,265
	240,400		Amada Co Ltd		2,745,634
	817,000		Aozora Bank Ltd		3,139,771
	283,000		Asahi Breweries Ltd		11,535,430
	151,400		Asahi Glass Co Ltd		6,372,343
	947,000		Asahi Kasei Corp		10,814,677
	734,400		Ashikaga Holdings Co Ltd		2,827,086
	129,800		Asics Corp		2,359,457
	1,657,600		Astellas Pharma, Inc		21,110,407
	222,000		Bank of Kyoto Ltd		2,127,896
	52,600		Benesse Holdings Inc		2,013,099
	1,191		BLife Investment Corp		2,951,886
	488,200		Bridgestone Corp		20,539,303
	177,700		Brother Industries Ltd		4,533,921
	68,100		Calbee, Inc		2,823,285
	798,400		Canon, Inc		27,776,999
	148,400		Casio Computer Co Ltd		2,430,852
	112,400		Central Japan Railway Co		18,088,189
	527,000		Chiba Bank Ltd		3,780,936
	455,600	*	Chubu Electric Power Co, Inc		5,986,564
	162,358		Chugai Pharmaceutical Co Ltd		6,511,217
	121,100		Chugoku Bank Ltd		1,755,368
	222,500		Chugoku Electric Power Co, Inc		2,439,255
	88,800	*	Coca-Cola West Japan Co Ltd		2,678,374
	929,000		Concordia Financial Group Ltd		4,684,664
	115,500		Credit Saison Co Ltd		2,224,701
	78,800	*,e	CYBERDYNE, Inc		1,072,225
	368,000		Dai Nippon Printing Co Ltd		4,059,092
	204,400		Daicel Chemical Industries Ltd		2,656,813
	811,500		Dai-ichi Mutual Life Insurance Co		14,017,841
	452,700		Daiichi Sankyo Co Ltd		9,872,962
	186,500		Daikin Industries Ltd		19,745,370
	51,900		Daito Trust Construction Co Ltd		8,772,312
	424,100		Daiwa House Industry Co Ltd		14,793,192
	1,218,000		Daiwa Securities Group, Inc		7,014,834
	79,700		Dena Co Ltd		1,750,937
	358,400		Denso Corp		17,212,303
	162,700		Dentsu, Inc		7,607,480

314

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	21,700	*	Disco Corp	$	3,845,981
	95,700		Don Quijote Co Ltd		3,475,710
	245,200		East Japan Railway Co		22,995,418
	204,900		Eisai Co Ltd		10,980,904
	114,100		Electric Power Development Co		2,891,020
	63,700		FamilyMart Co Ltd		3,567,615
	145,400		Fanuc Ltd		29,727,717
	40,900		Fast Retailing Co Ltd		12,272,003
	405,000		Fuji Electric Holdings Co Ltd		2,229,834
	477,300		Fuji Heavy Industries Ltd		17,219,570
	309,900		Fujifilm Holdings Corp		11,391,413
	1,478,000		Fujitsu Ltd		11,006,264
	570,000		Fukuoka Financial Group, Inc		2,627,889
	289,300		Hachijuni Bank Ltd		1,836,724
	171,600		Hakuhodo DY Holdings, Inc		2,408,365
	111,200		Hamamatsu Photonics KK		3,534,663
	183,500		Hankyu Hanshin Holdings, Inc		6,549,387
	15,100		Hikari Tsushin, Inc		1,648,909
	190,300		Hino Motors Ltd		2,239,772
	22,300		Hirose Electric Co Ltd		3,036,550
	440,000		Hiroshima Bank Ltd		1,880,892
	52,500		Hisamitsu Pharmaceutical Co, Inc		2,461,211
	81,100		Hitachi Chemical Co Ltd		2,305,653
	84,700		Hitachi Construction Machinery Co Ltd		2,424,719
	50,700		Hitachi High-Technologies Corp		1,866,210
	3,636,000		Hitachi Ltd		25,015,006
	159,300		Hitachi Metals Ltd		2,217,151
	1,290,300		Honda Motor Co Ltd		36,117,880
	45,900		Hoshizaki Electric Co Ltd		4,442,963
	291,700		Hoya Corp		16,448,061
	100,500		Idemitsu Kosan Co Ltd		2,439,286
	121,300		Iida Group Holdings Co Ltd		2,072,530
	699,400		Inpex Holdings, Inc		6,806,235
	257,780		Isetan Mitsukoshi Holdings Ltd		2,512,101
	1,169,000	*	Ishikawajima-Harima Heavy Industries Co Ltd		3,852,961
	408,600		Isuzu Motors Ltd		5,602,802
	1,125,700		Itochu Corp		17,652,671
	173,300		J Front Retailing Co Ltd		2,476,857
	84,700		Japan Airlines Co Ltd		2,736,608
	39,700		Japan Airport Terminal Co Ltd		1,471,548
	296,900		Japan Post Bank Co Ltd		3,813,436
	382,400		Japan Post Holdings Co Ltd		4,820,065
	731		Japan Prime Realty Investment Corp		2,748,419
	1,008		Japan Real Estate Investment Corp		5,293,954
	2,071		Japan Retail Fund Investment Corp		3,955,737
	818,700		Japan Tobacco, Inc		28,449,110
	392,500		JFE Holdings, Inc		7,570,737
	168,400		JGC Corp		2,697,617
	140,200		JSR Corp		2,470,606
	186,800		JTEKT Corp		2,658,861
	2,310,650		JX Holdings, Inc		10,270,895
	657,000		Kajima Corp		5,728,804
	114,100		Kakaku.com, Inc		1,612,096

315

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	184,000		Kamigumi Co Ltd	$	1,971,945
	196,000		Kaneka Corp		1,570,580
	526,700		Kansai Electric Power Co, Inc		7,072,057
	151,000		Kansai Paint Co Ltd		3,453,919
	369,700		Kao Corp		22,509,008
	1,210,000		Kawasaki Heavy Industries Ltd		3,852,516
	1,368,200		KDDI Corp		36,253,164
	425,000		Keihan Electric Railway Co Ltd		2,749,657
	345,000		Keihin Electric Express Railway Co Ltd		4,003,951
	479,000		Keio Corp		4,011,290
	106,200		Keisei Electric Railway Co Ltd		2,906,173
	73,600		Keyence Corp		33,996,881
	117,300		Kikkoman Corp		3,592,591
	1,500,000		Kintetsu Corp		5,752,094
	640,400		Kirin Brewery Co Ltd		14,104,012
	245,300	*	Kobe Steel Ltd		3,068,215
	83,600		Koito Manufacturing Co Ltd		4,883,587
	692,900		Komatsu Ltd		18,581,868
	72,000		Konami Corp		3,755,081
	376,300		Konica Minolta Holdings, Inc		3,116,967
	22,300		Kose Corp		2,481,576
	790,300		Kubota Corp		13,723,637
	264,500		Kuraray Co Ltd		5,142,257
	91,100		Kurita Water Industries Ltd		2,591,829
	239,000		Kyocera Corp		14,519,259
	195,100		Kyowa Hakko Kogyo Co Ltd		3,533,306
	314,100		Kyushu Electric Power Co, Inc		3,719,600
	245,900		Kyushu Financial Group, Inc		1,542,956
	116,200		Kyushu Railway Co		3,830,613
	42,700		Lawson, Inc		2,906,943
	38,700	*,e	LINE Corp		1,422,747
	168,900		Lion Corp		3,615,338
	193,600		LIXIL Group Corp		4,982,340
	163,400		M3, Inc		4,407,726
	34,900		Mabuchi Motor Co Ltd		1,839,231
	161,800		Makita Corp		6,328,884
	1,241,000		Marubeni Corp		8,223,456
	145,900		Marui Co Ltd		1,984,207
	47,500		Maruichi Steel Tube Ltd		1,466,036
	1,661,500		Matsushita Electric Industrial Co Ltd		22,884,310
	447,400		Mazda Motor Corp		6,725,668
	46,400	e	McDonald’s Holdings Co Japan Ltd		1,885,479
	119,000		Mediceo Paltac Holdings Co Ltd		2,177,632
	96,100		MEIJI Holdings Co Ltd		7,658,535
	291,100		Minebea Co Ltd		4,795,963
	49,700		Miraca Holdings, Inc		2,267,929
	206,600		MISUMI Group, Inc		5,123,640
	1,083,600		Mitsubishi Chemical Holdings Corp		9,072,179
	1,134,200		Mitsubishi Corp		24,625,988
	1,452,400		Mitsubishi Electric Corp		22,484,152
	965,600		Mitsubishi Estate Co Ltd		17,557,460
	143,000		Mitsubishi Gas Chemical Co, Inc		3,299,237
	2,479,000		Mitsubishi Heavy Industries Ltd		9,856,135

316

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	92,700		Mitsubishi Materials Corp	$	3,114,173
	503,999		Mitsubishi Motors Corp		3,635,645
	9,106,880		Mitsubishi UFJ Financial Group, Inc		57,775,048
	332,700		Mitsubishi UFJ Lease & Finance Co Ltd		1,772,321
	1,274,600		Mitsui & Co Ltd		18,533,679
	693,000		Mitsui Chemicals, Inc		3,937,017
	663,000		Mitsui Fudosan Co Ltd		15,216,003
	851,000		Mitsui OSK Lines Ltd		2,648,544
	357,100		Mitsui Sumitomo Insurance Group Holdings, Inc		12,525,129
	262,800		Mitsui Trust Holdings, Inc		9,650,814
	35,200		Mixi Inc		1,934,579
	18,075,407		Mizuho Financial Group, Inc		32,144,842
	143,900		Murata Manufacturing Co Ltd		22,386,429
	79,200		Nabtesco Corp		2,571,186
	776,000		Nagoya Railroad Co Ltd		3,558,718
	150,200		Namco Bandai Holdings, Inc		5,221,453
	1,958,000		NEC Corp		5,322,714
	147,100		Nexon Co Ltd		3,057,394
	214,500		NGK Insulators Ltd		4,313,647
	124,588		NGK Spark Plug Co Ltd		2,515,356
	178,800		Nidec Corp		19,701,841
	240,800		Nikon Corp		4,242,839
	85,700		Nintendo Co Ltd		29,104,959
	1,072		Nippon Building Fund, Inc		5,785,659
	63,600		Nippon Electric Glass Co Ltd		2,251,401
	611,000		Nippon Express Co Ltd		3,901,731
	121,000		Nippon Meat Packers, Inc		3,579,093
	123,100		Nippon Paint Co Ltd		4,733,285
	1,374		Nippon ProLogis REIT, Inc		2,897,422
	571,300		Nippon Steel Corp		14,024,215
	514,100		Nippon Telegraph & Telephone Corp		25,159,123
	1,275,000	*	Nippon Yusen Kabushiki Kaisha		2,433,966
	91,500		Nissan Chemical Industries Ltd		3,037,422
	1,735,800		Nissan Motor Co Ltd		17,235,203
	180,100		Nisshin Seifun Group, Inc		2,957,490
	45,300		Nissin Food Products Co Ltd		2,845,960
	59,500	*	Nitori Co Ltd		8,396,783
	124,100		Nitto Denko Corp		11,065,874
	266,900		NKSJ Holdings, Inc		10,468,404
	70,100		NOK Corp		1,604,592
	2,732,500		Nomura Holdings, Inc		16,234,385
	93,700		Nomura Real Estate Holdings, Inc		1,857,243
	3,055		Nomura Real Estate Master Fund, Inc		4,331,230
	90,800		Nomura Research Institute Ltd		3,398,949
	292,300		NSK Ltd		3,767,824
	524,600		NTT Data Corp		5,714,397
	1,025,200		NTT DoCoMo, Inc		23,807,190
	482,700		Obayashi Corp		5,812,026
	49,100		Obic Co Ltd		3,069,654
	242,500		Odakyu Electric Railway Co Ltd		4,803,569
	622,000		OJI Paper Co Ltd		3,189,902
	214,400		Olympus Corp		7,782,015
	143,100		Omron Corp		7,139,556

317

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	317,100		Ono Pharmaceutical Co Ltd	$	6,936,794
	30,400		Oracle Corp Japan		2,043,330
	171,800		Oriental Land Co Ltd		12,453,878
	994,100		ORIX Corp		15,774,796
	1,395,000		Osaka Gas Co Ltd		5,587,144
	392,000		Osaka Securities Exchange Co Ltd		7,035,345
	36,800		Otsuka Corp		2,410,659
	287,600		Otsuka Holdings KK		12,665,685
	97,200	e	Park24 Co Ltd		2,459,916
	67,500		Pola Orbis Holdings, Inc		1,872,675
	710,800		Rakuten, Inc		8,682,552
	833,800		Recruit Holdings Co Ltd		14,432,807
	1,658,800		Resona Holdings, Inc		8,545,573
	519,900		Ricoh Co Ltd		4,888,366
	29,600		Rinnai Corp		2,763,389
	71,500		Rohm Co Ltd		5,526,135
	17,600		Ryohin Keikaku Co Ltd		4,499,321
	47,000		Sankyo Co Ltd		1,542,653
	276,100		Santen Pharmaceutical Co Ltd		3,889,800
	155,540		SBI Holdings, Inc		2,225,242
	165,800		Secom Co Ltd		12,439,631
	129,700		Sega Sammy Holdings, Inc		1,750,007
	134,400		Seibu Holdings, Inc		2,344,566
	210,300	e	Seiko Epson Corp		5,535,610
	303,500		Sekisui Chemical Co Ltd		5,590,573
	440,600		Sekisui House Ltd		7,626,867
	558,400		Seven & I Holdings Co Ltd		22,506,118
	448,000		Seven Bank Ltd		1,772,896
	1,132,000	*,e	Sharp Corp		3,984,856
	185,200		Shimadzu Corp		3,646,575
	15,400		Shimamura Co Ltd		1,914,883
	58,200		Shimano, Inc		8,532,723
	390,000		Shimizu Corp		4,120,733
	292,700		Shin-Etsu Chemical Co Ltd		26,771,788
	1,300,000		Shinsei Bank Ltd		2,142,727
	219,900		Shionogi & Co Ltd		11,740,477
	285,700		Shiseido Co Ltd		10,091,895
	377,000		Shizuoka Bank Ltd		3,363,588
	207,100		Shoei Co Ltd		2,186,689
	131,500		Showa Shell Sekiyu KK		1,432,397
	42,900		SMC Corp		13,638,219
	624,700		Softbank Corp		50,349,285
	52,700		Sohgo Security Services Co Ltd		2,233,894
	955,400		Sony Corp		39,251,953
	130,600		Sony Financial Holdings, Inc		2,257,819
	104,500		Stanley Electric Co Ltd		3,452,044
	147,000		Start Today Co Ltd		4,147,860
	1,183,009		Sumitomo Chemical Co Ltd		6,913,647
	880,000		Sumitomo Corp		11,894,792
	138,800		Sumitomo Dainippon Pharma Co Ltd		1,944,303
	566,900		Sumitomo Electric Industries Ltd		9,163,627
	438,000		Sumitomo Heavy Industries Ltd		3,193,202
	372,000		Sumitomo Metal Mining Co Ltd		5,618,195

318

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	1,010,200		Sumitomo Mitsui Financial Group, Inc	$	38,979,356
	265,000		Sumitomo Realty & Development Co Ltd		8,022,169
	130,000		Sumitomo Rubber Industries, Inc		2,254,223
	59,200		Sundrug Co Ltd		2,205,337
	116,300		Suntory Beverage & Food Ltd		5,700,959
	123,200		Suruga Bank Ltd		2,970,834
	53,600		Suzuken Co Ltd		1,790,076
	261,600		Suzuki Motor Corp		12,400,185
	122,300		Sysmex Corp		7,001,085
	412,700		T&D Holdings, Inc		6,088,051
	908,000		Taiheiyo Cement Corp		3,407,069
	757,000		Taisei Corp		7,246,025
	29,600		Taisho Pharmaceutical Holdings Co Ltd		2,217,412
	97,100		Taiyo Nippon Sanso Corp		1,122,181
	210,000		Takashimaya Co Ltd		1,921,047
	531,400		Takeda Pharmaceutical Co Ltd		28,072,176
	175,000		Tanabe Seiyaku Co Ltd		4,165,994
	100,700		TDK Corp		7,237,458
	136,500		Teijin Ltd		2,736,740
	252,400		Terumo Corp		9,543,240
	90,800		THK Co Ltd		2,772,463
	763,000		Tobu Railway Co Ltd		4,039,975
	88,500		Toho Co Ltd		3,189,311
	324,000		Toho Gas Co Ltd		2,195,679
	313,900		Tohoku Electric Power Co, Inc		4,276,196
	512,800		Tokio Marine Holdings, Inc		21,564,907
	1,125,300	*	Tokyo Electric Power Co, Inc		4,773,174
	119,900		Tokyo Electron Ltd		16,862,458
	1,441,000		Tokyo Gas Co Ltd		7,645,696
	143,900		Tokyo Tatemono Co Ltd		1,957,995
	399,000		Tokyu Corp		5,871,273
	409,400		Tokyu Fudosan Holdings Corp		2,455,814
	371,000		Toppan Printing Co Ltd		3,920,619
	1,171,300		Toray Industries, Inc		10,576,745
	3,050,000	*,e	Toshiba Corp		6,920,550
	452,000	*	Tosoh Corp		5,351,738
	104,200		Toto Ltd		4,193,153
	135,500		Toyo Seikan Kaisha Ltd		2,221,161
	80,500		Toyo Suisan Kaisha Ltd		2,924,576
	45,700		Toyoda Gosei Co Ltd		1,078,270
	121,100		Toyota Industries Corp		6,497,246
	1,984,200		Toyota Motor Corp		111,829,191
	160,300		Toyota Tsusho Corp		5,153,330
	88,300		Trend Micro, Inc		4,416,083
	30,500		Tsuruha Holdings, Inc		3,200,101
	296,000		Uni-Charm Corp		7,594,606
	2,531		United Urban Investment Corp		3,774,288
	170,900		USS Co Ltd		3,452,401
	119,800		West Japan Railway Co		8,599,147
	1,070,400		Yahoo! Japan Corp		4,844,559
	64,700		Yakult Honsha Co Ltd		4,409,017
	480,100		Yamada Denki Co Ltd		2,564,140
	138,000		Yamaguchi Financial Group, Inc		1,624,236

319

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	123,400		Yamaha Corp	$	4,363,818
	210,400		Yamaha Motor Co Ltd		5,284,311
	258,300		Yamato Transport Co Ltd		5,184,682
	106,000		Yamazaki Baking Co Ltd		2,126,425
	190,400	*	Yaskawa Electric Corp		5,104,484
	169,600		Yokogawa Electric Corp		2,854,354
	88,200	*	Yokohama Rubber Co Ltd		1,776,144
			TOTAL JAPAN		2,476,825,187
JERSEY, C.I. - 0.1%
	71,287		Randgold Resources Ltd		6,635,686
			TOTAL JERSEY, C.I.		6,635,686
JORDAN - 0.0%
	120,636	e	Hikma Pharmaceuticals plc		2,245,598
			TOTAL JORDAN		2,245,598
LUXEMBOURG - 0.3%
	502,193	*	ArcelorMittal		13,221,802
	8,331		Eurofins Scientific		4,640,776
	50,253		Millicom International Cellular S.A.		3,148,929
	35,772		RTL Group		2,782,918
	271,663		SES Global S.A.		6,390,648
	355,225		Tenaris S.A.		5,620,544
			TOTAL LUXEMBOURG		35,805,617
MACAU - 0.0%
	705,600	e	MGM China Holdings Ltd		1,388,299
	1,176,400		Wynn Macau Ltd		2,541,723
			TOTAL MACAU		3,930,022
MEXICO - 0.0%
	158,696		Fresnillo plc		3,220,605
			TOTAL MEXICO		3,220,605
NETHERLANDS - 4.4%
	284,311	g	ABN AMRO Group NV (ADR)		8,036,118
	1,325,561		Aegon NV		7,430,367
	189,680		Akzo Nobel NV		17,172,500
	294,357	*	Altice NV (Class A)		7,252,205
	72,118	*	Altice NV (Class B)		1,781,710
	282,613		ASML Holding NV		42,618,345
	84,227		Boskalis Westminster		3,012,519
	135,225		DSM NV		9,975,318
	83,011		EXOR NV		4,971,245
	61,926		Gemalto NV		3,154,585
	76,685	*	Heineken Holding NV		7,533,478
	169,782	e	Heineken NV		17,716,611
	2,949,047		ING Groep NV		55,099,509
	980,643		Koninklijke Ahold Delhaize NV		20,058,121
	705,920		Koninklijke Philips Electronics NV		26,977,467
	58,683		Koninklijke Vopak NV		2,794,038

320

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	226,554		NN Group NV	$	9,183,108
	261,603	*	NXP Semiconductors NV		28,862,659
	87,292		Randstad Holdings NV		5,263,338
	3,348,514		Royal Dutch Shell plc (A Shares)		94,566,803
	2,832,762		Royal Dutch Shell plc (B Shares)		80,698,894
	2,489,648	e	Royal KPN NV		9,028,329
	220,244		Wolters Kluwer NV		9,795,008
			TOTAL NETHERLANDS		472,982,275
NEW ZEALAND - 0.2%
	718,202		Auckland International Airport Ltd		3,754,752
	599,584		Contact Energy Ltd		2,414,311
	539,249		Fletcher Building Ltd		3,237,081
	1,019,409	*	Meridian Energy Ltd		2,205,159
	577,671		Mighty River Power Ltd		1,509,731
	344,421		Ryman Healthcare Ltd		2,281,383
	1,283,408		Telecom Corp of New Zealand Ltd		3,614,863
			TOTAL NEW ZEALAND		19,017,280
NORWAY - 0.7%
	739,099		DNB NOR Holding ASA		14,519,219
	193,011		Gjensidige Forsikring BA		3,340,498
	1,016,873		Norsk Hydro ASA		6,561,417
	624,390		Orkla ASA		6,431,874
	281,269		PAN Fish ASA		5,243,836
	66,757		Schibsted ASA		1,703,979
	77,713		Schibsted ASA (B Shares)		1,818,576
	852,130		Statoil ASA		16,014,994
	550,349		Telenor ASA		10,986,913
	131,522		Yara International ASA		5,227,498
			TOTAL NORWAY		71,848,804
PORTUGAL - 0.2%
	1,836,094		Energias de Portugal S.A.		6,518,952
	371,083		Galp Energia SGPS S.A.		5,944,940
	189,272		Jeronimo Martins SGPS S.A.		3,722,663
			TOTAL PORTUGAL		16,186,555
SINGAPORE - 1.3%
	1,879,208		Ascendas REIT		3,741,140
	1,734,900		CapitaCommercial Trust		2,200,909
	1,928,600		CapitaLand Ltd		5,246,441
	2,182,430		CapitaMall Trust		3,235,282
	286,000		City Developments Ltd		2,373,988
	1,691,600		ComfortDelgro Corp Ltd		2,882,169
	1,333,076		DBS Group Holdings Ltd		21,267,385
	4,364,900		Genting Singapore plc		3,750,287
	1,979,300		Global Logistic Properties		4,830,736
	5,804,147		Golden Agri-Resources Ltd		1,690,058
	68,709		Jardine Cycle & Carriage Ltd		2,045,943
	1,093,200		Keppel Corp Ltd		5,169,946
	2,333,991		Oversea-Chinese Banking Corp		19,548,009
	692,560		SembCorp Industries Ltd		1,649,375

321

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	450,733		Singapore Airlines Ltd	$	3,454,240
	467,900		Singapore Airport Terminal Services Ltd		1,667,073
	725,500		Singapore Exchange Ltd		4,049,245
	1,335,300		Singapore Press Holdings Ltd		2,866,844
	1,091,600		Singapore Technologies Engineering Ltd		3,035,339
	6,387,803		Singapore Telecommunications Ltd		18,698,584
	520,300		StarHub Ltd		1,047,941
	1,907,600		Suntec Real Estate Investment Trust		2,674,324
	995,329		United Overseas Bank Ltd		17,612,941
	342,777		UOL Group Ltd		1,994,424
	1,120,500		Wilmar International Ltd		2,758,400
			TOTAL SINGAPORE		139,491,023
SOUTH AFRICA - 0.1%
	493,971		Investec plc		3,750,717
	267,478	e	Mediclinic International plc		2,612,653
	272,944		Mondi plc		7,189,191
			TOTAL SOUTH AFRICA		13,552,561
SPAIN - 3.5%
	513,142		Abertis Infraestructuras S.A. (Continuous)		10,117,756
	185,969		ACS Actividades Construccion y Servicios S.A.		7,121,954
	52,713	g	Aena S.A.		10,302,647
	327,471		Amadeus IT Holding S.A.		20,157,115
	5,079,467		Banco Bilbao Vizcaya Argentaria S.A.		45,957,404
	4,086,196		Banco de Sabadell S.A.		9,124,975
	12,200,112		Banco Santander S.A.		83,060,406
	777,064		Bankia S.A.		3,927,536
	496,274		Bankinter S.A.		4,829,932
	2,795,510		CaixaBank S.A.		14,560,815
	837,698		Corp Mapfre S.A.		3,120,275
	458,133	e	Distribuidora Internacional de Alimentacion S.A.		3,085,763
	188,024		Enagas		5,314,122
	220,266		Endesa S.A.		5,214,429
	355,802		Ferrovial S.A.		7,672,802
	181,006		Gamesa Corp Tecnologica S.A.		2,961,470
	255,611		Gas Natural SDG S.A.		5,982,327
	230,578		Grifols S.A.		6,470,016
	4,374,853		Iberdrola S.A.		34,486,687
	815,205		Industria De Diseno Textil S.A.		32,359,063
	319,799		Red Electrica Corp S.A.		6,851,179
	929,036		Repsol YPF S.A.		15,559,398
	3,417,385		Telefonica S.A.		38,694,949
			TOTAL SPAIN		376,933,020
SWEDEN - 2.8%
	222,530		Alfa Laval AB		4,969,891
	753,736		Assa Abloy AB		16,147,241
	511,644		Atlas Copco AB (A Shares)		18,505,001
	297,721		Atlas Copco AB (B Shares)		9,641,954
	209,876		Boliden AB		6,588,854
	177,915		Electrolux AB (Series B)		6,083,885
	2,298,924		Ericsson (LM) (B Shares)		14,879,575

322

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	452,125	*	Essity AB	$	13,109,374
	148,922		Getinge AB (B Shares)		2,585,115
	734,156		Hennes & Mauritz AB (B Shares)		19,154,246
	194,347		Hexagon AB (B Shares)		9,602,928
	306,758		Husqvarna AB (B Shares)		3,120,544
	64,682	e	ICA Gruppen AB		2,591,745
	122,378		Industrivarden AB		2,968,333
	173,331		Investment AB Kinnevik (B Shares)		5,321,143
	350,655		Investor AB (B Shares)		16,629,783
	29,527		Lundbergs AB (B Shares)		2,324,111
	150,802	*	Lundin Petroleum AB		3,434,316
	2,311,270		Nordea Bank AB		29,163,322
	878,051		Sandvik AB		13,836,853
	218,422		Securitas AB (B Shares)		3,637,456
	1,139,953		Skandinaviska Enskilda Banken AB (Class A)		14,436,725
	240,537		Skanska AB (B Shares)		5,465,822
	281,977		SKF AB (B Shares)		5,604,616
	1,134,745		Svenska Handelsbanken AB		16,889,662
	680,956		Swedbank AB (A Shares)		17,757,540
	154,513		Swedish Match AB		5,434,736
	259,100		Tele2 AB (B Shares)		3,083,752
	1,903,467		TeliaSonera AB		8,947,930
	1,198,516		Volvo AB (B Shares)		20,357,278
			TOTAL SWEDEN		302,273,731
SWITZERLAND - 8.8%
	1,499,533		ABB Ltd		35,128,540
	121,444		Adecco S.A.		9,265,327
	37,029		Baloise Holding AG.		5,949,302
	1,622		Barry Callebaut AG.		2,313,187
	394,701		Cie Financiere Richemont S.A.		33,553,574
	133,168		Coca-Cola HBC AG.		4,026,077
	1,763,324		Credit Suisse Group		27,105,252
	26,377	*	Dufry Group		4,202,003
	6,276		EMS-Chemie Holding AG.		4,366,957
	27,233		Geberit AG.		13,097,836
	7,162		Givaudan S.A.		14,249,567
	9,296,545		Glencore Xstrata plc		41,010,726
	342,847		Holcim Ltd		20,485,516
	166,441		Julius Baer Group Ltd		9,421,729
	39,140		Kuehne & Nagel International AG.		6,815,983
	849		Lindt & Spruengli AG.		4,833,492
	84		Lindt & Spruengli AG. (Registered)		5,724,838
	55,883		Lonza Group AG.		13,281,969
	2,351,145		Nestle S.A.		198,458,984
	1,684,056		Novartis AG.		143,444,039
	26,414		Pargesa Holding S.A.		2,107,956
	13,334		Partners Group		8,656,006
	37,615		Phonak Holding AG.		6,100,823
	529,983		Roche Holding AG.		134,175,417
	29,491		Schindler Holding AG.		6,360,162
	14,598		Schindler Holding AG. (Registered)		3,069,904
	4,054		SGS S.A.		8,960,090

323

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	1,638		Sika AG.	$	11,287,878
	496,062	e	STMicroelectronics NV		8,404,373
	7,205		Straumann Holding AG.		4,068,793
	23,184		Swatch Group AG.		9,198,491
	41,113		Swatch Group AG. (Registered)		3,166,689
	24,356		Swiss Life Holding		8,888,786
	52,027		Swiss Prime Site AG.		4,694,509
	241,468		Swiss Re Ltd		23,280,456
	20,424		Swisscom AG.		9,982,473
	2,766,518		UBS AG.		48,111,034
	40,635		Vifor Pharma AG.		4,337,530
	190,230	*	Wolseley plc		11,358,229
	113,723		Zurich Financial Services AG.		34,660,440
			TOTAL SWITZERLAND		947,604,937
UNITED KINGDOM - 16.1%
	751,937		3i Group plc		9,282,760
	747,565		Aberdeen Asset Management plc		3,249,597
	148,594		Admiral Group plc		4,053,639
	1,007,136	*	Anglo American plc (London)		16,659,760
	375,794		Ashtead Group plc		8,073,674
	283,255		Associated British Foods plc		11,080,851
	957,507		AstraZeneca plc		57,070,336
	832,694	*,g	Auto Trader Group plc		4,205,488
	3,072,659		Aviva plc		21,840,540
	239,059		Babcock International Group		2,663,039
	2,375,968		BAE Systems plc		18,850,522
	12,753,639		Barclays plc		34,195,711
	745,424		Barratt Developments plc		6,054,114
	95,034		Berkeley Group Holdings plc		4,382,816
	14,785,768		BP plc		86,847,932
	1,732,258		British American Tobacco plc		107,756,385
	716,912		British Land Co plc		5,776,813
	6,506,560		BT Group plc		26,926,077
	251,832		Bunzl plc		7,603,719
	328,802		Burberry Group plc		7,416,941
	521,331		Capita Group plc		4,529,799
	4,149,036		Centrica plc		10,869,104
	773,339		CNH Industrial NV		8,957,923
	1,943,591	e	Cobham plc		3,402,925
	181,757		Coca-Cola European Partners plc		7,888,811
	1,175,758		Compass Group plc		25,087,335
	901,724	*,g	ConvaTec Group plc		3,696,507
	96,593		Croda International plc		4,713,338
	66,583		DCC plc		5,853,475
	1,886,356		Diageo plc		60,923,562
	976,635	*	Direct Line Insurance Group plc		4,826,631
	118,760		easyJet plc		1,937,019
	695,317		Experian Group Ltd		13,813,337
	813,755	*	Fiat DaimlerChrysler Automobiles NV		9,812,546
	1,288,974		GKN plc		5,468,286
	3,700,518		GlaxoSmithKline plc		73,666,088
	1,166,419		Group 4 Securicor plc		5,063,081

324

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	668,739		Hammerson plc	$	5,068,078
	195,507		Hargreaves Lansdown plc		3,557,364
	15,055,740		HSBC Holdings plc		150,781,850
	200,179		IMI plc		3,178,917
	711,300		Imperial Tobacco Group plc		29,293,669
	352,207		Inmarsat plc		3,604,550
	135,862		InterContinental Hotels Group plc		7,687,669
	485,252		International Consolidated Airlines Group S.A.		3,703,231
	119,484		Intertek Group plc		6,777,770
	807,910		Intu Properties plc		2,723,654
	2,667,400		ITV plc		6,099,819
	1,207,446		J Sainsbury plc		3,901,211
	141,233		Johnson Matthey plc		5,234,434
	1,780,166		Kingfisher plc		6,908,391
	586,704		Land Securities Group plc		7,912,008
	4,454,996		Legal & General Group plc		15,773,885
	53,899,479		Lloyds TSB Group plc		46,598,102
	236,062		London Stock Exchange Group plc		11,686,688
	1,245,524		Marks & Spencer Group plc		5,293,623
	568,421		Meggitt plc		3,772,759
	596,783	g	Merlin Entertainments plc		3,695,277
	2,612,392		National Grid plc		32,325,411
	794,835		New Carphone Warehouse plc		2,823,040
	114,610		Next plc		5,974,096
	3,699,271		Old Mutual plc		9,594,730
	628,313		Pearson plc		5,437,467
	231,968		Persimmon plc		7,664,437
	213,738		Petrofac Ltd		1,262,928
	110,719		Provident Financial plc		3,014,093
	1,956,413		Prudential plc		47,737,435
	502,522	*	Reckitt Benckiser Group plc		48,858,857
	717,864		Reed Elsevier NV		15,078,304
	797,913		Reed Elsevier plc		17,379,568
	318,967		Rio Tinto Ltd		16,814,496
	939,899		Rio Tinto plc		44,050,258
	1,251,473		Rolls-Royce Group plc		14,663,409
	2,667,867	*	Royal Bank of Scotland Group plc		8,746,761
	774,690		Royal Mail plc		4,119,317
	766,644		RSA Insurance Group plc		6,600,647
	856,711		Sage Group plc		7,618,707
	96,322		Schroders plc		4,377,058
	792,560		Scottish & Southern Energy plc		14,423,315
	756,705		Segro plc		5,266,434
	184,608		Severn Trent plc		5,458,378
	680,552		Shire Ltd		38,044,494
	764,012		Sky plc		9,736,679
	644,904		Smith & Nephew plc		11,221,291
	293,649		Smiths Group plc		5,947,820
	396,732		St. James’s Place plc		6,372,450
	2,482,679	*	Standard Chartered plc		27,752,048
	1,488,188		Standard Life plc		8,566,152
	347,149		Tate & Lyle plc		3,078,226
	2,407,999		Taylor Wimpey plc		6,047,931

325

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	6,176,016	*	Tesco plc	$	14,195,661
	186,853	*	Travis Perkins plc		3,742,359
	1,234,483		Unilever NV		71,942,720
	972,029		Unilever plc		55,437,452
	532,145		United Utilities Group plc		6,306,184
	20,089,238		Vodafone Group plc		58,888,646
	163,787		Weir Group plc		3,964,387
	136,242		Whitbread plc		6,918,365
	1,633,977		WM Morrison Supermarkets plc		5,182,321
	1,567,360	g	Worldpay Group plc		7,648,418
	948,535		WPP plc		19,344,223
			TOTAL UNITED KINGDOM		1,727,380,403
UNITED STATES - 0.6%
	139,881		Carnival plc		9,441,458
	607,699		iShares MSCI EAFE Index Fund		40,673,294
	150,161	*	Mobileye NV		9,505,191
	162,924	*	QIAGEN NV		5,404,075
	10,468	*,e	Taro Pharmaceutical Industries Ltd		1,196,806
			TOTAL UNITED STATES		66,220,824
			TOTAL COMMON STOCKS		10,718,298,673
			(Cost $9,145,559,918)
RIGHTS / WARRANTS - 0.0%
AUSTRALIA - 0.0%
	989,098	m	BGP Holdings plc		0
			TOTAL AUSTRALIA		0
FRANCE - 0.0%
	34,075	e	Gecina S.A.		101,168
			TOTAL FRANCE		101,168
			TOTAL RIGHTS / WARRANTS		101,168
			(Cost $0)

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.9%
GOVERNMENT AGENCY DEBT - 0.2%
$	19,500,000		Federal Home Loan Bank (FHLB)		0.800	%	08/01/17	19,500,000
			TOTAL GOVERNMENT AGENCY DEBT					19,500,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.7%
	81,380,781	c	State Street Navigator Securities Lending Government Money Market Portfolio					81,380,781
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES					81,380,781
			TOTAL SHORT-TERM INVESTMENTS					100,880,781
			(Cost $100,880,781)

326

TIAA-CREF FUNDS - International Equity Index Fund

	VALUE
TOTAL INVESTMENTS - 100.7%	$	10,819,280,622
(Cost $9,246,440,699)
OTHER ASSETS & LIABILITIES, NET - (0.7)%		(72,349,971	)
NET ASSETS - 100.0%	$	10,746,930,651

Abbreviation(s):

ADR    American Depositary Receipt

REIT    Real Estate Investment Trust

*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $77,694,128.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 7/31/17, the aggregate value of these securities amounted to $69,171,156 or 0.6% of net assets.
m	Indicates a security that has been deemed illiquid.

327

TIAA-CREF FUNDS - International Equity Index Fund

TIAA-CREF FUNDS

INTERNATIONAL EQUITY INDEX FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2017

SECTOR	VALUE			% OF NET ASSETS
FINANCIALS	$	2,383,127,720			22.2	%
INDUSTRIALS		1,495,261,868			13.9
CONSUMER DISCRETIONARY		1,312,337,899			12.2
CONSUMER STAPLES		1,221,492,411			11.4
HEALTH CARE		1,108,536,351			10.3
MATERIALS		827,274,013			7.7
INFORMATION TECHNOLOGY		652,499,378			6.1
ENERGY		514,758,676			4.8
TELECOMMUNICATION SERVICES		455,671,111			4.2
REAL ESTATE		386,340,442			3.6
UTILITIES		361,099,972			3.4
SHORT-TERM INVESTMENTS		100,880,781			0.9
OTHER ASSETS & LIABILITIES, NET		(72,349,971	)		(0.7	)
NET ASSETS	$	10,746,930,651			100.0	%

328

TIAA-CREF FUNDS - Emerging Markets Debt Fund

TIAA-CREF FUNDS

EMERGING MARKETS DEBT FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2017

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
BONDS - 96.3%
CORPORATE BONDS - 48.3%
ARGENTINA - 2.9%
$	2,020,000	g	AES Argentina Generacion S.A.		7.750	%	02/02/24	$	2,100,740
	2,000,000	g	Genneia S.A.		8.750		01/20/22		2,113,000
	2,000,000	g	Pampa Energia S.A.		7.500		01/24/27		2,075,000
	1,200,000	g,i	YPF S.A.		24.104		07/07/20		1,233,000
	1,950,000	g	YPF S.A.		6.950		07/21/27		1,969,500
			TOTAL ARGENTINA						9,491,240
BRAZIL - 3.8%
	1,500,000	g,i	Caixa Economica Federal		7.250		07/23/24		1,526,250
	1,500,000	g	GTL Trade Finance, Inc		5.893		04/29/24		1,556,250
	2,000,000	g	JSL Europe S.A.		7.750		07/26/24		1,998,750
	3,291,505	g,q	Odebrecht Offshore Drilling Finance Ltd		6.625		10/01/22		1,160,256
	1,025,356	g,q	Odebrecht Offshore Drilling Finance Ltd		6.750		10/01/22		361,951
BRL	2,305,000	g,q	Oi S.A.		9.750		09/15/16		208,816
$	1,100,000	g,q	Oi S.A.		5.750		02/10/22		390,500
	1,650,000		Petrobras Global Finance BV		6.125		01/17/22		1,734,562
	1,500,000		Petrobras Global Finance BV		7.375		01/17/27		1,624,500
	1,700,000		Petrobras Global Finance BV		5.625		05/20/43		1,450,525
	1,800,000	g,q	Telemar Norte Leste S.A.		5.500		10/23/20		621,000
			TOTAL BRAZIL						12,633,360
CHILE - 2.2%
	2,100,000	g	Cencosud S.A.		4.375		07/17/27		2,100,000
	1,550,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.625		08/01/27		1,537,212
	1,550,000	g	Corp Nacional del Cobre de Chile-CODELCO		4.875		11/04/44		1,647,701
	2,000,000	g	Latam Finance Ltd		6.875		04/11/24		2,051,000
			TOTAL CHILE						7,335,913
CHINA - 0.6%
	2,050,000	g	Golden Eagle Retail Group Ltd		4.625		05/21/23		1,900,350
			TOTAL CHINA						1,900,350
COLOMBIA - 2.7%
	1,500,000	g	Banco de Bogota S.A.		6.250		05/12/26		1,608,300
	1,750,000	g	Banco de Bogota S.A.		4.375		08/03/27		1,730,312
	2,000,000	g	Colombia Telecomunicaciones S.A. ESP		5.375		09/27/22		2,020,000
	1,500,000		Ecopetrol S.A.		5.375		06/26/26		1,575,000
	1,800,000	g	GrupoSura Finance S.A.		5.500		04/29/26		1,935,000
			TOTAL COLOMBIA						8,868,612

329

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
COSTA RICA - 1.2%
$	2,000,000	g	Autopistas del Sol S.A.		7.375	%	12/30/30	$	2,070,000
	1,800,000	g	Banco Nacional de Costa Rica		5.875		04/25/21		1,863,000
			TOTAL COSTA RICA						3,933,000
ECUADOR - 0.4%
	1,500,000	g	Petroamazonas EP		4.625		02/16/20		1,402,350
			TOTAL ECUADOR						1,402,350
GHANA - 0.9%
	2,050,000	g	Tullow Oil plc		6.000		11/01/20		1,985,937
	1,000,000	g	Tullow Oil plc		6.250		04/15/22		922,500
			TOTAL GHANA						2,908,437
INDIA - 2.0%
	1,500,000	g	Adani Ports & Special Economic Zone Ltd		3.950		01/19/22		1,540,305
	1,800,000	g	Azure Power Energy Ltd		5.500		11/03/22		1,800,000
	1,500,000	g	Delhi International Airport Ltd		6.125		10/31/26		1,601,703
	1,800,000	g	Greenko Dutch BV		5.250		07/24/24		1,796,727
			TOTAL INDIA						6,738,735
INDONESIA - 4.1%
	1,700,000	g	Golden Legacy Pte Ltd		8.250		06/07/21		1,823,299
	2,100,000	g	Indo Energy Finance II BV		6.375		01/24/23		2,000,502
	1,500,000	g	Pelabuhan Indonesia II PT		4.250		05/05/25		1,531,875
	1,930,000	g	Pertamina Persero PT		4.300		05/20/23		2,010,628
	2,175,000	g	Perusahaan Listrik Negara PT		4.125		05/15/27		2,151,392
	1,700,000	g	Perusahaan Listrik Negara PT		5.250		10/24/42		1,723,460
	1,200,000	g	Perusahaan Listrik Negara PT		5.250		05/15/47		1,220,099
	1,000,000	g	Saka Energi Indonesia PT		4.450		05/05/24		1,015,830
			TOTAL INDONESIA						13,477,085
ISRAEL - 0.5%
	1,800,000		Teva Pharmaceutical Finance Netherlands III BV		3.150		10/01/26		1,721,540
			TOTAL ISRAEL						1,721,540
JAMAICA - 0.4%
	1,400,000	g	Digicel Group Ltd		7.125		04/01/22		1,242,500
			TOTAL JAMAICA						1,242,500
KAZAKHSTAN - 2.2%
	1,700,000	g	Kazakhstan Temir Zholy Finance BV		6.950		07/10/42		1,830,118
	1,500,000	g	Kazkommertsbank JSC		5.500		12/21/22		1,461,697
	2,000,000	g	KazMunayGas National Co JSC		4.750		04/19/27		1,987,188
	2,000,000	g	KazMunayGas National Co JSC		5.750		04/19/47		1,922,274
			TOTAL KAZAKHSTAN						7,201,277
LUXEMBOURG - 0.5%
	1,650,000	g	Millicom International Cellular S.A.		6.000		03/15/25		1,739,430
			TOTAL LUXEMBOURG						1,739,430

330

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
MALAYSIA - 0.5%
$	1,500,000		Gohl Capital Ltd		4.250	%	01/24/27	$	1,549,482
			TOTAL MALAYSIA						1,549,482
MEXICO - 5.7%
MXN	25,450,000		America Movil SAB de C.V.		6.450		12/05/22		1,351,891
$	1,500,000	g	Banco Inbursa S.A. Institucion de Banca Multiple		4.375		04/11/27		1,503,750
	1,500,000	g,i	Banco Mercantil del Norte S.A.		5.750		10/04/31		1,516,500
	1,400,000	g	Banco Nacional de Comercio Exterior SNC		4.375		10/14/25		1,450,750
	1,500,000	g,i	Banco Nacional de Comercio Exterior SNC		3.800		08/11/26		1,492,950
	800,000	g,i	BBVA Bancomer S.A.		5.350		11/12/29		810,000
	2,000,000	g	Grupo Cementos de Chihuahua SAB de C.V.		5.250		06/23/24		2,062,500
	2,000,000	i	Grupo Financiero Santander Mexico SAB de C.V.		8.500		12/30/49		2,127,356
	1,475,000	g,	Petroleos Mexicanos		6.500		03/13/27		1,623,975
	3,075,000	g	Petroleos Mexicanos		6.500		03/13/27		3,385,575
	2,000,000	g	Unifin Financiera SAB de C.V. SOFOM ENR		7.000		01/15/25		1,969,800
			TOTAL MEXICO						19,295,047
MOROCCO - 0.5%
	1,800,000	g	OCP S.A.		4.500		10/22/25		1,817,534
			TOTAL MOROCCO						1,817,534
NETHERLANDS - 1.0%
	1,800,000	g	GTH Finance BV		7.250		04/26/23		2,015,208
	1,450,000	g	VimpelCom Holdings BV		4.950		06/16/24		1,459,063
			TOTAL NETHERLANDS						3,474,271
NIGERIA - 1.1%
	1,500,000	g	Access Bank plc		10.500		10/19/21		1,610,057
	2,000,000	g	IHS Netherlands Holdco BV		9.500		10/27/21		2,051,000
			TOTAL NIGERIA						3,661,057
PANAMA - 0.9%
	1,300,000	g	Aeropuerto Internacional de Tocumen S.A.		5.625		05/18/36		1,371,500
	1,725,000	g	Banco General S.A.		4.125		08/07/27		1,708,837
			TOTAL PANAMA						3,080,337
PERU - 2.5%
	1,000,000	g	Corp Lindley S.A.		4.625		04/12/23		1,040,000
	2,000,000	g	Petroleos del Peru S.A.		4.750		06/19/32		2,050,500
	1,800,000	g	Petroleos del Peru S.A.		5.625		06/19/47		1,871,136
	1,750,000	g	Union Andina de Cementos SAA		5.875		10/30/21		1,824,375
	1,550,000	g	VM Holding S.A.		5.375		05/04/27		1,608,125
			TOTAL PERU						8,394,136
RUSSIA - 0.5%
	1,500,000	g	LUKOIL International Finance BV		4.563		04/24/23		1,543,218
			TOTAL RUSSIA						1,543,218
SOUTH AFRICA - 3.3%
	4,000,000	g	Eskom Holdings SOC Ltd		5.750		01/26/21		4,024,224

331

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	1,775,000	g	Gold Fields Orogen Holding BVI Ltd		4.875	%	10/07/20	$	1,814,937
	1,500,000	g	MTN Mauritius Investment Ltd		6.500		10/13/26		1,561,673
	2,000,000	g	Stillwater Mining Co		7.125		06/27/25		1,959,540
	1,800,000	g	Transnet SOC Ltd		4.000		07/26/22		1,759,583
			TOTAL SOUTH AFRICA						11,119,957
SPAIN - 0.3%
	825,000	g,h	Atento Luxco  S.A.		6.125		08/10/22		841,500
			TOTAL SPAIN						841,500
THAILAND - 0.5%
	1,800,000	g,i	PTTEP Treasury Center Co Ltd		4.600		12/30/49		1,840,700
			TOTAL THAILAND						1,840,700
TRINIDAD AND TOBAGO - 0.1%
	500,000	g	Petroleum Co of Trinidad & Tobago Ltd		6.000		05/08/22		490,000
			TOTAL TRINIDAD AND TOBAGO						490,000
TURKEY - 3.7%
	1,900,000	g,i	Akbank TAS		7.200		03/16/27		1,998,287
	1,800,000	g	TC Ziraat Bankasi AS.		5.125		05/03/22		1,822,521
	1,200,000	g	Turk Telekomunikasyon AS.		4.875		06/19/24		1,210,591
	1,800,000	g,i	Turkiye Garanti Bankasi AS.		6.125		05/24/27		1,798,074
	1,725,000	g	Turkiye Is Bankasi		6.125		04/25/24		1,757,413
	1,800,000	g,i	Turkiye Is Bankasi		7.000		06/29/28		1,813,608
	1,800,000	g	Yapi ve Kredi Bankasi AS.		5.850		06/21/24		1,808,964
			TOTAL TURKEY						12,209,458
UKRAINE - 1.8%
	1,800,000	g	MHP S.A.		7.750		05/10/24		1,859,526
	2,000,000	g	Ukreximbank Via Biz Finance plc		9.625		04/27/22		2,093,080
	2,000,000	g	Ukreximbank Via Biz Finance plc		9.750		01/22/25		2,094,640
			TOTAL UKRAINE						6,047,246
URUGUAY - 0.5%
	1,650,000	g	Arcos Dorados Holdings, Inc		5.875		04/04/27		1,665,675
			TOTAL URUGUAY						1,665,675
VENEZUELA - 0.3%
	3,175,000		Petroleos de Venezuela S.A.		5.375		04/12/27		1,034,733
			TOTAL VENEZUELA						1,034,733
ZAMBIA - 0.7%
	2,300,000	g	First Quantum Minerals Ltd		7.250		04/01/23		2,371,875
			TOTAL ZAMBIA						2,371,875
			TOTAL CORPORATE BONDS						161,030,055
			(Cost $157,743,440)

332

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
GOVERNMENT BONDS -  48.0%
ARGENTINA - 2.0%
$	1,750,000		Argentina Republic Government International Bond		5.625	%	01/26/22	$	1,793,750
	1,500,000	g	Argentina Republic Government International Bond		7.125		06/28/17		1,362,000
	3,350,000	g	Provincia de Buenos Aires		7.875		06/15/27		3,419,244
			TOTAL ARGENTINA						6,574,994
AZERBAIJAN - 0.5%
	1,400,000	g	Southern Gas Corridor CJSC		6.875		03/24/26		1,538,250
			TOTAL AZERBAIJAN						1,538,250
BARBADOS - 0.2%
	825,000		Barbados Government International Bond		7.250		12/15/21		750,750
			TOTAL BARBADOS						750,750
BELARUS - 0.6%
	2,000,000	g	Republic of Belarus International Bond		6.875		02/28/23		2,124,894
			TOTAL BELARUS						2,124,894
BRAZIL - 2.9%
	920,281	g	Brazil Loan Trust		5.477		07/24/23		940,988
	1,500,000	g	Brazil Minas SPE via State of Minas Gerais		5.333		02/15/28		1,492,500
BRL	13,150,000		Brazil Notas do Tesouro Nacional Serie F		10.000		01/01/21		4,321,601
$	1,910,000		Brazilian Government International Bond		4.250		01/07/25		1,910,000
	1,000,000		Brazilian Government International Bond		7.125		01/20/37		1,162,500
			TOTAL BRAZIL						9,827,589
COSTA RICA - 0.8%
	2,500,000	g,p	Costa Rica Government International Bond		7.158		03/12/45		2,650,000
			TOTAL COSTA RICA						2,650,000
COTE D’IVOIRE - 1.1%
	1,881,750	g,i	Ivory Coast Government International Bond (Step Bond)		5.750		12/31/32		1,839,379
	1,950,000	g	Ivory Coast Government International Bond		6.125		06/15/33		1,909,965
			TOTAL COTE D’IVOIRE						3,749,344
CROATIA - 0.6%
	1,800,000	g	Croatia Government International Bond		6.750		11/05/19		1,958,893
			TOTAL CROATIA						1,958,893
DOMINICAN REPUBLIC - 2.5%
	1,600,000	g	Dominican Republic International Bond		5.875		04/18/24		1,720,000
	1,000,000	g	Dominican Republic International Bond		6.875		01/29/26		1,137,500
DOP	79,000,000	g	Dominican Republic International Bond		11.250		02/05/27		1,687,189
$	3,160,000	g	Dominican Republic International Bond		7.450		04/30/44		3,705,100
			TOTAL DOMINICAN REPUBLIC						8,249,789
ECUADOR - 1.3%
	2,000,000		Ecuador Government International Bond		9.650		12/13/26		2,050,000

333

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	2,350,000	g	Ecuador Government International Bond		9.650	%	12/13/26	$	2,408,750
			TOTAL ECUADOR						4,458,750
EGYPT - 1.5%
	1,100,000	g	Egypt Government International Bond		6.125		01/31/22		1,134,584
	1,800,000	g	Egypt Government International Bond		7.500		01/31/27		1,934,656
	1,800,000	g	Egypt Government International Bond		8.500		01/31/47		1,957,884
			TOTAL EGYPT						5,027,124
EL SALVADOR - 1.3%
	2,750,000	g	El Salvador Government International Bond		5.875		01/30/25		2,485,313
	1,950,000	g	El Salvador Government International Bond		8.625		02/28/29		2,018,250
			TOTAL EL SALVADOR						4,503,563
GHANA - 0.2%
GHS	2,965,000	g	Citigroup Global Markets Holdings, Inc		24.500		06/28/21		781,992
			TOTAL GHANA						781,992
GREECE - 0.9%
EUR	1,350,000	g	Hellenic Republic Government Bond		4.375		08/01/22		1,582,932
	1,550,000	i	Hellenic Republic Government Bond (Step Bond)		3.000		02/24/30		1,461,685
			TOTAL GREECE						3,044,617
GUATEMALA - 0.5%
$	1,650,000	g	Guatemala Government International Bond		4.375		06/05/27		1,645,875
			TOTAL GUATEMALA						1,645,875
INDONESIA - 1.7%
	855,000	g	Indonesia Government International Bond		4.125		01/15/25		888,090
	1,200,000	g	Indonesia Government International Bond		3.850		07/18/27		1,212,456
	600,000	g	Indonesia Government International Bond		4.750		07/18/47		621,326
IDR	13,400,000,000		Indonesia Treasury Bond		8.250		07/15/21		1,056,767
$	1,600,000	g	Republic of Indonesia		5.250		01/17/42		1,755,358
			TOTAL INDONESIA						5,533,997
JAMAICA - 0.6%
	1,000,000		Jamaica Government International Bond		6.750		04/28/28		1,138,730
	700,000		Jamaica Government International Bond		8.000		03/15/39		833,035
			TOTAL JAMAICA						1,971,765
LEBANON - 1.5%
	1,000,000		Lebanon Government International Bond		6.250		05/27/22		1,005,083
	1,950,000		Lebanon Government International Bond		6.250		11/04/24		1,925,514
	2,000,000		Lebanon Government International Bond		6.650		02/26/30		1,965,400
			TOTAL LEBANON						4,895,997
MALAYSIA - 0.3%
	1,000,000		1MDB Global Investments Ltd		4.400		03/09/23		927,514
			TOTAL MALAYSIA						927,514

334

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
MEXICO - 0.5%
MXN	32,540,000		Mexican Bonos		6.500	%	06/09/22	$	1,808,915
			TOTAL MEXICO						1,808,915
MONGOLIA - 1.2%
$	3,450,000	g	Mongolia Government International Bond		5.125		12/05/22		3,316,951
	550,000	g	Mongolia Government International Bond		8.750		03/09/24		616,772
			TOTAL MONGOLIA						3,933,723
MOROCCO - 0.7%
	2,000,000	g	Morocco Government International Bond		5.500		12/11/42		2,232,950
			TOTAL MOROCCO						2,232,950
NIGERIA - 0.9%
	3,000,000		Nigeria Government International Bond		5.625		06/27/22		3,003,750
			TOTAL NIGERIA						3,003,750
OMAN - 1.0%
	1,175,000	g	Oman Government International Bond		5.375		03/08/27		1,216,152
	1,850,000	g	Oman Government International Bond		6.500		03/08/47		1,930,020
			TOTAL OMAN						3,146,172
PARAGUAY - 1.1%
	540,000	g	Paraguay Government International Bond		4.700		03/27/27		560,925
	2,750,000	g	Republic of Paraguay		6.100		08/11/44		3,086,545
			TOTAL PARAGUAY						3,647,470
PERU - 2.0%
PEN	5,940,000	g	Fondo MIVIVIENDA S.A.		7.000		02/14/24		1,947,493
	5,500,000	g	Peru Government Bond		6.150		08/12/32		1,737,678
	2,660,000	g	Peruvian Government International Bond		6.350		08/12/28		870,582
	5,425,000	g	Peruvian Government International Bond		6.950		08/12/31		1,849,151
			TOTAL PERU						6,404,904
POLAND - 0.5%
PLN	6,000,000		Republic of Poland Government Bond		2.500		07/25/26		1,568,340
			TOTAL POLAND						1,568,340
REPUBLIC OF SERBIA - 1.0%
$	1,500,000	g,p	Republic of Serbia		4.875		02/25/20		1,573,670
	300,000	g	Republic of Serbia		7.250		09/28/21		347,931
RSD	158,000,000		Serbia Treasury Bonds		5.750		07/21/23		1,584,374
			TOTAL REPUBLIC OF SERBIA						3,505,975
RUSSIA - 1.6%
RUB	129,500,000		Russian Federal Bond - OFZ		7.000		08/16/23		2,082,526
$	1,570,000	g	Russian Foreign Bond - Eurobond		4.875		09/16/23		1,695,839
	1,600,000	g	Russian Foreign Bond-Eurobond		5.250		06/23/47		1,615,819
			TOTAL RUSSIA						5,394,184

335

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SENEGAL - 0.4%
$	1,400,000	g	Senegal Government International Bond		6.250	%	05/23/33	$	1,439,194
			TOTAL SENEGAL						1,439,194
SOUTH AFRICA - 2.3%
	2,350,000	p	South Africa Government International Bond		5.875		09/16/25		2,548,223
	1,600,000		South Africa Government International Bond		4.300		10/12/28		1,516,966
ZAR	39,100,000		South Africa Government International Bond		7.000		02/28/31		2,452,458
$	1,040,000		South Africa Government International Bond		6.250		03/08/41		1,135,119
			TOTAL SOUTH AFRICA						7,652,766
SRI LANKA - 1.4%
	1,850,000	g	Sri Lanka Government International Bond		6.850		11/03/25		1,996,320
	2,450,000	g	Sri Lanka Government International Bond		6.200		05/11/27		2,523,598
			TOTAL SRI LANKA						4,519,918
SUPRANATIONAL - 1.0%
INR	35,000,000		Asian Development Bank		6.200		10/06/26		555,744
$	1,500,000	g	Banque Ouest Africaine de Developpement		5.000		07/27/27		1,500,784
IDR	18,100,000,000		European Investment Bank		4.950		03/01/19		1,329,910
			TOTAL SUPRANATIONAL						3,386,438
TUNISIA - 0.5%
$	1,725,000	g	Banque Centrale de Tunisie S.A.		5.750		01/30/25		1,658,658
			TOTAL TUNISIA						1,658,658
TURKEY - 4.9%
	1,800,000	g	Export Credit Bank of Turkey		5.375		10/24/23		1,837,611
TRY	5,000,000		Turkey Government Bond		11.000		03/02/22		1,442,738
	6,910,000		Turkey Government International Bond		10.500		01/15/20		1,948,666
$	2,300,000		Turkey Government International Bond		3.250		03/23/23		2,180,471
	5,700,000		Turkey Government International Bond		6.000		03/25/27		6,139,595
	2,500,000		Turkey Government International Bond		6.875		03/17/36		2,839,548
			TOTAL TURKEY						16,388,629
UKRAINE - 1.8%
	4,250,000	g	Ukraine Government International Bond		7.750		09/01/21		4,386,425
	1,450,000	g	Ukraine Government International Bond		7.750		09/01/23		1,466,922
	520,000	g,i	Ukraine Government International Bond		0.000		05/31/40		227,906
			TOTAL UKRAINE						6,081,253
URUGUAY - 1.5%
UYU	17,300,000	g	Uruguay Government International Bond		9.875		06/20/22		650,838
$	3,450,000		Uruguay Government International Bond		5.100		06/18/50		3,574,200
UYU	17,600,000		Uruguay Notas del Tesoro		13.900		07/29/20		701,500
			TOTAL URUGUAY						4,926,538
VENEZUELA - 0.9%
$	1,680,000		Venezuela Government International Bond		7.750		10/13/19		709,800
	5,750,000		Venezuela Government International Bond		9.250		05/07/28		2,170,625
			TOTAL VENEZUELA						2,880,425

336

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
VIETNAM - 0.4%
$	1,325,000	g	Vietnam Government International Bond		4.800	%	11/19/24	$	1,395,042
			TOTAL VIETNAM						1,395,042
ZAMBIA - 1.4%
	3,500,000	g	Zambia Government International Bond		8.500		04/14/24		3,719,685
	750,000	g	Zambia Government International Bond		8.970		07/30/27		813,683
			TOTAL ZAMBIA						4,533,368
			TOTAL GOVERNMENT BONDS						159,724,309
			(Cost $155,215,566)
			TOTAL BONDS						320,754,364
			(Cost $312,959,006)
SHORT-TERM INVESTMENTS - 2.9%
ARGENTINA - 0.4%
ARS	25,600,000		Argentine Bonos del Tesoro		22.750		03/05/18		1,440,395
			TOTAL ARGENTINA						1,440,395
EGYPT - 0.5%
EGP	30,000,000	j	Egypt Treasury Bills		0.000		09/05/17		1,644,079
			TOTAL EGYPT						1,644,079
UNITED STATES - 1.7%
$	5,650,000		Federal Home Loan Bank (FHLB)		0.800		08/01/17		5,650,000
			TOTAL UNITED STATES						5,650,000
URUGUAY - 0.3%
UYU	30,000,000	j	Uruguay Treasury Bills		0.000		03/08/18		1,005,614
			TOTAL URUGUAY						1,005,614
			TOTAL SHORT-TERM INVESTMENTS						9,740,088
			(Cost $9,834,811)
			TOTAL INVESTMENTS - 99.2%						330,494,452
			(Cost $322,793,817)
			OTHER ASSETS & LIABILITIES, NET - 0.8%						2,563,717
			NET ASSETS - 100.0%					$	333,058,169

337

TIAA-CREF FUNDS - Emerging Markets Debt Fund

Abbreviation(s):

ARS	Argentine Peso
BRL	Brazilian Real
DOP	Dominican Peso
EGP	Egyptian Pound
EUR	Euro
GHS	Ghana Cedi
IDR	Indonesian Rupiah
INR	Indian Rupee
MXN	Mexican Peso
PEN	Peruvian Nuevo Sol
PLN	Polish Zloty
RSD	Serbian Dinar
RUB	Russian Ruble
TRY	Turkish New Lira
UYU	Uruguayan Peso
ZAR	South African Rand

g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 7/31/17, the aggregate value of these securities amounted to $242,988,978 or 73.0% 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.
j	Zero coupon
p	All or a portion of these securities have been segregated to cover requirements on open forward foreign currency contracts.
q	In default

338

TIAA-CREF FUNDS - Emerging Markets Debt Fund

TIAA-CREF FUNDS

EMERGING MARKETS DEBT FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2017

SECTOR	VALUE		% OF NET ASSETS
GOVERNMENT	$	159,724,309		48.0	%
FINANCIALS		43,059,572		12.9
UTILITIES		38,323,227		11.5
ENERGY		23,040,937		6.9
INDUSTRIALS		17,093,228		5.1
MATERIALS		14,776,987		4.4
CONSUMER DISCRETIONARY		8,229,574		2.6
TELECOMMUNICATION SERVICES		8,046,034		2.4
CONSUMER STAPLES		4,999,526		1.5
INFORMATION TECHNOLOGY		1,739,430		0.5
HEALTH CARE		1,721,540		0.5
SHORT-TERM INVESTMENTS		9,740,088		2.9
OTHER ASSETS & LIABILITIES, NET		2,563,717		0.8
NET ASSETS	$	333,058,169		100.0	%

339

TIAA-CREF FUNDS - International Bond Fund

TIAA-CREF FUNDS
INTERNATIONAL BOND FUND
CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2017

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
BANK LOAN OBLIGATIONS  - 2.1%
CANADA - 0.3%
$	746,565	i	1011778 BC / New Red Fin		3.550	%	02/17/24	$	746,161
			TOTAL CANADA						746,161
IRELAND - 0.3%
	750,000	i	Avolon TLB BorrowerLuxembourg Sarl		3.960		03/20/22		749,415
			TOTAL IRELAND						749,415
LUXEMBOURG - 0.4%
	746,250	i	Ineos US Finance LLC		3.980		03/31/24		750,392
	249,375		Vouvray US Finance, LLC		4.230		03/09/24		248,544
			TOTAL LUXEMBOURG						998,936
UNITED STATES - 1.1%
	748,125	i	Change Healthcare Holdings LLC		3.980		03/01/24		752,240
	125,000	i	Endo Luxembourg Finance I Co Sarl		5.500		04/27/24		126,875
	736,525	i	First Data Corp		3.466		07/10/22		738,499
	299,250	i	Mallinckrodt International Finance S.A.		4.050		09/24/24		300,465
	99,500	i	Sabre GLBL, Inc		3.980		02/22/24		100,246
	748,125	i	Tennessee Merger Sub, Inc		3.980		02/06/24		745,088
			TOTAL UNITED STATES						2,763,413
			TOTAL BANK LOAN OBLIGATIONS						5,257,925
			(Cost $5,268,260)

340

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
BONDS - 95.2%
CORPORATE BONDS - 25.1%
ARGENTINA - 0.3%
$	400,000	g	YPF S.A.		8.500	%	03/23/21	$	444,000
	150,000	g	YPF S.A.		6.950		07/21/27		151,500
			TOTAL ARGENTINA						595,500
BERMUDA - 0.3%
EUR	500,000	i	XLIT Ltd		3.250		06/29/47		592,574
			TOTAL BERMUDA						592,574
BRAZIL - 0.8%
$	800,000	g	Klabin Finance S.A.		5.250		07/16/24		818,000
	1,000,000		Petrobras Global Finance BV		6.125		01/17/22		1,051,250
			TOTAL BRAZIL						1,869,250
CANADA - 0.5%
	1,100,000	g	Eldorado Gold Corp		6.125		12/15/20		1,122,000
			TOTAL CANADA						1,122,000
CHILE - 0.6%
	575,000	g	Cencosud S.A.		4.375		07/17/27		575,000
	425,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.625		08/01/27		421,494
	500,000	g	Inversiones CMPC S.A.		4.375		04/04/27		511,840
			TOTAL CHILE						1,508,334
CHINA - 0.9%
	600,000		Baidu, Inc		2.875		07/06/22		602,703
	600,000	z	CNAC HK Finbridge Co Ltd		3.000		07/19/20		601,547
EUR	800,000	z	Three Gorges Finance II Cayman Islands Ltd		1.300		06/21/24		950,565
			TOTAL CHINA						2,154,815
COLOMBIA - 0.4%
$	500,000	g	Banco de Bogota S.A.		4.375		08/03/27		494,375
	500,000		Ecopetrol S.A.		5.375		06/26/26		525,000
			TOTAL COLOMBIA						1,019,375
FRANCE - 0.8%
EUR	400,000		Credit Agricole S.A.		0.875		01/19/22		486,006
	800,000		Engie S.A.		2.375		05/19/26		1,049,712
	400,000		Societe Generale S.A.		0.750		02/19/21		484,482
			TOTAL FRANCE						2,020,200
GERMANY - 0.8%
	800,000		Deutsche Bank AG.		1.250		09/08/21		972,420
	350,000	g,o	IHO Verwaltungs GmbH		3.750		09/15/26		438,283
$	200,000	g	Schaeffler Finance BV		4.750		05/15/23		206,750
	350,000	g	ZF North America Capital, Inc		4.750		04/29/25		366,187
			TOTAL GERMANY						1,983,640

341

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
INDIA - 0.4%
$	800,000	g	Adani Ports & Special Economic Zone Ltd		3.950	%	01/19/22	$	821,496
			TOTAL INDIA						821,496
INDONESIA - 0.3%
	700,000	g	Perusahaan Listrik Negara PT		4.125		05/15/27		692,402
			TOTAL INDONESIA						692,402
IRELAND - 0.1%
	150,000	g	Park Aerospace Holdings Ltd		5.250		08/15/22		152,625
	150,000	g	Park Aerospace Holdings Ltd		5.500		02/15/24		152,719
			TOTAL IRELAND						305,344
ISRAEL - 0.2%
	600,000		Teva Pharmaceutical Finance Netherlands III BV		3.150		10/01/26		573,847
			TOTAL ISRAEL						573,847
ITALY - 0.4%
EUR	170,000		Enel Finance International NV		5.000		09/14/22		248,624
	600,000		Intesa Sanpaolo S.p.A		3.500		01/17/22		800,354
			TOTAL ITALY						1,048,978
JAPAN - 0.3%
	500,000	z	Sumitomo Mitsui Financial Group, Inc		1.413		06/14/27		593,837
			TOTAL JAPAN						593,837
KAZAKHSTAN - 0.3%
$	600,000	g	KazMunayGas National Co JSC		3.875		04/19/22		596,723
			TOTAL KAZAKHSTAN						596,723
MEXICO - 0.6%
	1,125,000	g	Petroleos Mexicanos		5.375		03/13/22		1,198,688
EUR	200,000		Petroleos Mexicanos		1.875		04/21/22		236,286
			TOTAL MEXICO						1,434,974
NETHERLANDS - 0.8%
	750,000		Cooperatieve Rabobank UA		4.125		09/14/22		1,032,399
$	350,000	g	Sensata Technologies BV		5.000		10/01/25		368,375
	650,000	g	VimpelCom Holdings BV		4.950		06/16/24		654,062
			TOTAL NETHERLANDS						2,054,836
PANAMA - 0.1%
	350,000	g	Banco General S.A.		4.125		08/07/27		346,721
			TOTAL PANAMA						346,721
SPAIN - 0.3%
EUR	700,000		Iberdrola International BV		1.125		04/21/26		826,770
			TOTAL SPAIN						826,770

342

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SWEDEN - 0.7%
SEK	11,500,000		Skandinaviska Enskilda Banken AB		1.500	%	12/15/21	$	1,479,796
$	350,000	g	Stena AB		7.000		02/01/24		324,625
			TOTAL SWEDEN						1,804,421
SWITZERLAND - 0.9%
EUR	600,000	g,i,z	Credit Suisse Group AG.		1.250		07/17/25		711,325
	400,000		Credit Suisse Group Funding Guernsey Ltd		1.250		04/14/22		486,147
GBP	350,000		Glencore Finance Europe S.A.		6.500		02/27/19		498,858
EUR	325,000		Tyco Electronics Group S.A.		1.100		03/01/23		388,579
			TOTAL SWITZERLAND						2,084,909
TURKEY - 0.6%
$	850,000	g	Turkiye Is Bankasi		6.125		04/25/24		865,971
	600,000	g	Yapi ve Kredi Bankasi AS.		5.850		06/21/24		602,988
			TOTAL TURKEY						1,468,959
UNITED KINGDOM - 1.6%
GBP	500,000		BAE Systems plc		4.125		06/08/22		741,196
EUR	200,000		BAT Netherlands Finance BV		2.375		01/19/23		254,923
	600,000		Delphi Automotive plc		1.600		09/15/28		679,429
	600,000		FCE Bank plc		1.134		02/10/22		722,451
	1,200,000	g	Virgin Media Finance plc		4.500		01/15/25		1,495,366
			TOTAL UNITED KINGDOM						3,893,365
UNITED STATES - 12.1%
	900,000	g	Adient Global Holdings Ltd		3.500		08/15/24		1,095,970
	350,000	z	Albemarle Corp		1.875		12/08/21		434,443
GBP	825,000		AMC Entertainment Holdings, Inc		6.375		11/15/24		1,163,974
EUR	500,000		American International Group, Inc		1.500		06/08/23		614,305
	450,000		Apple, Inc		1.375		05/24/29		533,003
	570,000	g	Aramark International Finance Sarl		3.125		04/01/25		704,308
	500,000		AT&T, Inc		2.350		09/04/29		599,777
	440,000		AT&T, Inc		3.150		09/04/36		521,964
GBP	355,000		AT&T, Inc		3.550		09/14/37		458,585
EUR	950,000		Axalta Coating Systems Dutch Holding BV		37.500		01/15/25		1,196,157
	350,000		Ball Corp		4.375		12/15/23		471,611
	500,000		DH Europe Finance S.A.		1.200		06/30/27		582,803
GBP	750,000	z	Digital Stout Holding LLC		2.750		07/19/24		997,451
	150,000		Fidelity National Information Services, Inc		1.700		06/30/22		197,078
EUR	375,000		Fidelity National Information Services, Inc		1.100		07/15/24		443,227
	850,000	g	Gates Global LLC		5.750		07/15/22		1,031,278
	600,000		General Motors Financial International BV		1.168		05/18/20		728,534
	700,000	z	Goldman Sachs Group, Inc		1.375		05/15/24		841,374
	800,000		International Game Technology plc		4.750		02/15/23		1,031,090
	400,000		Johnson & Johnson		1.150		11/20/28		478,975
	750,000		Johnson Controls International plc		1.000		09/15/23		888,397
	900,000	i,z	JPMorgan Chase & Co		1.638		05/18/28		1,073,538
	500,000		Kinder Morgan, Inc		2.250		03/16/27		604,546
	850,000		Liberty Mutual Group, Inc		2.750		05/04/26		1,086,616
	500,000		McKesson Corp		1.500		11/17/25		597,562
$	350,000		MGM Resorts International		4.625		09/01/26		354,130

343

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
EUR	100,000		Mondelez International, Inc		2.375	%	03/06/35	$	114,196
	250,000		Mylan NV		1.250		11/23/20		304,848
	100,000	z	National Grid North America, Inc		1.000		07/12/24		118,321
	350,000	g	OI European Group BV		3.125		11/15/24		423,789
	500,000		ProLogis LP		3.000		06/02/26		667,692
$	750,000		Scientific Games International, Inc		10.000		12/01/22		836,250
EUR	750,000	g	Silgan Holdings, Inc		3.250		03/15/25		925,512
	200,000		Simon International Finance S.C.A		1.250		05/13/25		236,816
$	760,000		Sunoco Logistics Partners Operations LP		5.350		05/15/45		755,248
EUR	500,000		SYSCO Corp		1.250		06/23/23		604,042
	150,000		Thermo Fisher Scientific, Inc		1.400		01/23/26		177,135
	500,000		Thermo Fisher Scientific, Inc		1.375		09/12/28		565,858
	100,000		Thermo Fisher Scientific, Inc		1.950		07/24/29		117,760
	500,000		Thermo Fisher Scientific, Inc		2.875		07/24/37		593,639
GBP	500,000	z	Wells Fargo & Co		1.375		06/30/22		658,747
EUR	900,000	z	Wells Fargo & Co		1.500		05/24/27		1,065,454
GBP	300,000		Welltower, Inc		4.800		11/20/28		463,253
EUR	400,000		Whirlpool Finance Luxembourg Sarl		1.250		11/02/26		475,884
	800,000	g	XPO Logistics, Inc		5.750		06/15/21		986,038
	375,000		Xylem, Inc		2.250		03/11/23		474,422
			TOTAL UNITED STATES						29,295,600
			TOTAL CORPORATE BONDS						60,708,870
			(Cost $56,986,995)
GOVERNMENT BONDS - 70.1%
ARGENTINA - 1.3%
CHF	2,000,000	z	Argentine Republic Government International Bond		3.375		10/12/20		2,091,121
$	1,000,000	g	Provincia de Buenos Aires		7.875		06/15/27		1,020,670
			TOTAL ARGENTINA						3,111,791
AUSTRALIA - 1.2%
AUD	1,450,000		Australia Government International Bond		3.750		04/21/37		1,248,438
	1,000,000		New South Wales Treasury Corp		4.000		04/08/21		851,563
	995,000		Treasury Corp of Victoria		6.000		06/15/20		883,309
			TOTAL AUSTRALIA						2,983,310
BERMUDA - 0.8%
$	1,700,000	g	Bermuda Government International Bond		4.854		02/06/24		1,849,311
			TOTAL BERMUDA						1,849,311
BRAZIL - 0.8%
BRL	5,650,000		Brazil Notas do Tesouro Nacional Serie F		10.000		01/01/19		1,857,651
			TOTAL BRAZIL						1,857,651
CANADA - 1.7%
CAD	2,450,000		Province of British Columbia Canada		2.550		06/18/27		1,939,995
	1,620,000		Province of British Columbia Canada		3.200		06/18/44		1,294,883
	1,000,000		Province of Quebec Canada		2.750		09/01/27		804,925
			TOTAL CANADA						4,039,803

344

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
COTE D’IVOIRE - 0.3%
EUR	625,000	g	Ivory Coast Government International Bond		5.125	%	06/15/25	$	754,367
			TOTAL COTE D’IVOIRE						754,367
CYPRUS - 0.2%
	300,000		Cyprus Government International Bond		2.750		06/27/24		363,960
			TOTAL CYPRUS						363,960
EGYPT - 0.6%
$	650,000	g	Egypt Government International Bond		7.500		01/31/27		698,626
	675,000	g	Egypt Government International Bond		8.500		01/31/47		734,206
			TOTAL EGYPT						1,432,832
FRANCE - 4.3%
	750,000	g	Caisse d’Amortissement de la Dette Sociale		1.875		01/13/20		752,182
EUR	400,000		Caisse d’Amortissement de la Dette Sociale		1.375		11/25/24		505,707
	1,293,000		France Government Bond OAT		1.750		11/25/24		1,684,140
	1,500,000		France Government Bond OAT		1.500		05/25/31		1,851,855
	2,340,000		French Republic Government Bond OAT		1.000		05/25/21		2,798,392
	2,350,000	g	French Republic Government Bond OAT		2.000		05/25/48		2,879,735
			TOTAL FRANCE						10,472,011
GERMANY - 0.6%
	600,000		Kreditanstalt fuer Wiederaufbau		1.500		06/11/24		769,888
	700,000		State of North Rhine-Westphalia		0.125		03/16/23		825,753
			TOTAL GERMANY						1,595,641
GREECE - 1.3%
	1,350,000	g	Hellenic Republic Government Bond		4.375		08/01/22		1,582,932
	1,625,000	i	Hellenic Republic Government Bond (Step Bond)		3.000		02/24/30		1,532,412
			TOTAL GREECE						3,115,344
HONDURAS - 0.6%
$	1,350,000	g	Honduras Government International Bond		7.500		03/15/24		1,512,027
			TOTAL HONDURAS						1,512,027
INDIA - 0.2%
	500,000	g	Export-Import Bank of India		3.375		08/05/26		489,218
			TOTAL INDIA						489,218
INDONESIA - 0.9%
EUR	1,000,000	g	Indonesia Government International Bond		2.150		07/18/24		1,205,753
IDR	13,820,000,000		Indonesia Treasury Bond		8.250		07/15/21		1,089,889
			TOTAL INDONESIA						2,295,642
ISRAEL - 0.9%
ILS	5,250,000		Israel Government Bond-Fixed		5.500		01/31/42		2,129,650
			TOTAL ISRAEL						2,129,650

345

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
ITALY - 7.8%
EUR	6,380,000		Italy Buoni Poliennali Del Tesoro		0.450	%	06/01/21	$	7,558,553
	2,560,000	g	Italy Buoni Poliennali Del Tesoro		4.750		08/01/23		3,665,049
	1,620,000		Italy Buoni Poliennali Del Tesoro		1.600		06/01/26		1,872,112
	1,865,000		Italy Buoni Poliennali Del Tesoro		2.200		06/01/27		2,224,395
	1,775,000	g	Italy Buoni Poliennali Del Tesoro		1.650		03/01/32		1,890,695
	1,350,000	g	Italy Buoni Poliennali Del Tesoro		3.450		03/01/48		1,650,166
			TOTAL ITALY						18,860,970
JAPAN - 15.5%
JPY	13,000,000		Japan Finance Organization for Municipalities		0.440		08/15/25		120,944
	21,000,000		Japan Finance Organization for Municipalities		0.320		01/19/26		193,547
	30,000,000		Japan Finance Organization for Municipalities		0.145		02/16/26		272,397
	14,000,000		Japan Finance Organization for Municipalities		0.020		05/22/26		125,663
	180,000,000		Japan Government Two Year Bond		0.100		02/15/19		1,638,195
	738,150,000		Japan Government Five Year Bond		0.200		06/20/19		6,734,670
	119,600,000		Japan Government Five Year Bond		0.100		06/20/20		1,090,683
	650,450,000		Japan Government Ten Year Bond		0.100		09/20/26		5,921,700
	289,950,000		Japan Government Thirty Year Bond		2.500		09/20/34		3,519,974
	457,700,000		Japan Government Thirty Year Bond		0.500		09/20/46		3,774,380
	249,600,000		Japan Government Twenty Year Bond		1.900		03/22/21		2,426,136
	340,000,000		Japan Government Twenty Year Bond		2.100		03/20/26		3,630,205
	229,000,000		Japan Government Twenty Year Bond		1.800		09/20/31		2,512,523
	117,000,000		Japan Government Twenty Year Bond		1.700		03/20/32		1,272,490
	305,000,000		Japan Government Twenty Year Bond		0.600		12/20/36		2,783,461
	160,000,000		Japan Government Twenty Year Bond		0.700		03/20/37		1,482,808
			TOTAL JAPAN						37,499,776
KOREA, REPUBLIC OF - 3.2%
$	500,000	g	Korea Housing Finance Corp		2.000		10/11/21		486,983
KRW	918,000,000		Korea Treasury Bond		1.750		12/10/18		823,200
	5,664,500,000		Korea Treasury Bond		1.375		09/10/21		4,958,711
	1,800,000,000		Korea Treasury Bond		1.500		12/10/26		1,509,634
			TOTAL KOREA, REPUBLIC OF						7,778,528
LEBANON - 0.6%
$	1,400,000	z	Lebanon Government International Bond		6.850		03/23/27		1,409,960
			TOTAL LEBANON						1,409,960
MEXICO - 0.8%
MXN	14,000,000		Mexican Bonos		8.000		12/07/23		835,832
	23,500,000		Mexican Bonos		5.750		03/05/26		1,225,921
			TOTAL MEXICO						2,061,753
MONGOLIA - 0.6%
$	1,500,000	g	Mongolia Government International Bond		4.125		01/05/18		1,501,950
			TOTAL MONGOLIA						1,501,950
NETHERLANDS - 0.6%
EUR	925,000	g	Netherlands Government International Bond		2.500		01/15/33		1,337,119
			TOTAL NETHERLANDS						1,337,119

346

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
NEW ZEALAND - 0.2%
NZD	525,000		New Zealand Government International Bond		4.500	%	04/15/27	$	443,547
			TOTAL NEW ZEALAND						443,547
NIGERIA - 0.5%
$	1,250,000		Nigeria Government International Bond		5.625		06/27/22		1,251,563
			TOTAL NIGERIA						1,251,563
NORWAY - 1.3%
NOK	14,700,000	g	Norway Government International Bond		3.750		05/25/21		2,064,375
	8,670,000	g	Norway Government International Bond		1.500		02/19/26		1,095,912
			TOTAL NORWAY						3,160,287
PERU - 1.1%
PEN	3,300,000	g	Peru Government Bond		6.150		08/12/32		1,042,607
	4,480,000	g	Peruvian Government International Bond		8.200		08/12/26		1,658,644
			TOTAL PERU						2,701,251
POLAND - 1.5%
PLN	8,165,000		Poland Government International Bond		4.000		10/25/23		2,409,894
	4,000,000		Republic of Poland Government International Bond		3.250		07/25/19		1,141,761
			TOTAL POLAND						3,551,655
RUSSIA - 0.6%
RUB	87,000,000		Russian Federal Bond - OFZ		7.000		01/25/23		1,396,889
			TOTAL RUSSIA						1,396,889
SAUDI ARABIA - 0.5%
$	1,250,000	g	KSA Sukuk Ltd		3.628		04/20/27		1,268,956
			TOTAL SAUDI ARABIA						1,268,956
SENEGAL - 0.3%
	800,000	g	Senegal Government International Bond		6.250		05/23/33		822,397
			TOTAL SENEGAL						822,397
SOUTH AFRICA - 1.2%
ZAR	16,950,000		South Africa Government International Bond		10.500		12/21/26		1,440,992
	16,500,000		South Africa Government International Bond		7.000		02/28/31		1,034,925
	7,800,000		South Africa Government International Bond		8.750		01/31/44		528,969
			TOTAL SOUTH AFRICA						3,004,886
SPAIN - 4.9%
EUR	1,100,000		Instituto de Credito Oficial		4.375		05/20/19		1,409,810
	1,150,000		Spain Government International Bond		0.750		07/30/21		1,400,931
	2,210,000		Spain Government International Bond		0.400		04/30/22		2,633,029
	950,000	g	Spain Government International Bond		4.400		10/31/23		1,381,739
	2,550,000	g	Spain Government International Bond		2.750		10/31/24		3,397,534
	1,275,000	g	Spain Government International Bond		2.900		10/31/46		1,528,262
			TOTAL SPAIN						11,751,305

347

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SRI LANKA - 0.7%
$	1,625,000	g	Sri Lanka Government International Bond		6.200	%	05/11/27	$	1,673,815
			TOTAL SRI LANKA						1,673,815
SUPRANATIONAL - 2.9%
INR	129,300,000		Asian Development Bank		6.200		10/06/26		2,053,077
$	925,000	g	Banque Ouest Africaine de Developpement		5.000		07/27/27		925,484
IDR	11,300,000,000	g	European Investment Bank		7.200		07/09/19		857,720
SEK	9,070,000		European Investment Bank		1.250		05/12/25		1,133,710
NZD	850,000		Inter-American Development Bank		3.500		05/15/21		650,499
AUD	1,150,000		Inter-American Development Bank		4.750		08/27/24		1,027,444
NZD	500,000		International Bank for Reconstruction & Development		3.375		01/25/22		380,606
			TOTAL SUPRANATIONAL						7,028,540
SWEDEN - 0.9%
SEK	8,000,000		Kommuninvest I Sverige AB		1.000		09/15/21		1,019,258
	7,805,000		Sweden Government International Bond		2.250		06/01/32		1,086,450
			TOTAL SWEDEN						2,105,708
THAILAND - 0.8%
THB	69,000,000		Thailand Government International Bond		1.875		06/17/22		2,070,997
			TOTAL THAILAND						2,070,997
TURKEY - 0.7%
$	500,000	g	Export Credit Bank of Turkey		5.375		10/24/23		510,448
TRY	4,375,000		Turkey Government Bond		11.000		03/02/22		1,263,597
			TOTAL TURKEY						1,774,045
UNITED KINGDOM - 6.9%
GBP	1,250,000		United Kingdom Gilt		1.750		07/22/19		1,697,320
	3,860,000		United Kingdom Gilt		1.500		01/22/21		5,289,665
	1,600,000		United Kingdom Gilt		0.500		07/22/22		2,102,288
	1,230,000		United Kingdom Gilt		4.750		12/07/30		2,264,098
	1,175,000		United Kingdom Gilt		4.250		03/07/36		2,161,810
	2,600,000		United Kingdom Gilt		1.500		07/22/47		3,145,577
			TOTAL UNITED KINGDOM						16,660,758
URUGUAY - 0.3%
UYU	20,760,000	g	Uruguay Government International Bond		9.875		06/20/22		781,006
			TOTAL URUGUAY						781,006
			TOTAL GOVERNMENT BONDS						169,900,219
			(Cost $164,670,274)
			TOTAL BONDS						230,609,089
			(Cost $221,657,269)

348

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 1.5%
EGYPT - 0.6%
EGP	25,000,000	j	Egypt Treasury Bills		0.000	%	12/12/17	$	1,297,167
			TOTAL EGYPT						1,297,167
UNITED STATES - 0.9%
$	2,200,000		Federal Agricultural Mortgage Corp (FAMC)		0.800		08/01/17		2,200,000
			TOTAL UNITED STATES						2,200,000
			TOTAL SHORT-TERM INVESTMENTS						3,497,167
			(Cost $3,495,806)
			TOTAL INVESTMENTS - 98.8% (Cost $230,421,335)						239,364,181
			OTHER ASSETS & LIABILITIES, NET - 1.2%						3,007,264
			NET ASSETS - 100.0%					$	242,371,445

Abbreviation(s):

AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CHF	Swiss Franc
EGP	Egyptian Pound
EUR	Euro
GBP	British Pound
IDR	Indonesian Rupiah
ILS	Israeli New Sheqel
INR	Indian Rupee
JPY	Japanese Yen
KRW	South Korean Won
MXN	Mexican Peso
NOK	Norwegian Krone
NZD	New Zealand Dollar
PEN	Peruvian Nuevo Sol
PLN	Polish Zloty
RUB	Russian Ruble
SEK	Swedish Krone
THB	Thai Baht
TRY	Turkish New Lira
UYU	Uruguayan Peso
ZAR	South African Rand

g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 7/31/17, the aggregate value of these securities amounted to $62,720,298 or 25.9% of net assets.
i	Floating or variable rate security. Coupon rate reflects the rate at period end.
j	Zero coupon
o	Payment in Kind Bond
z	All or a portion of this security is owned by TIAA-CREF International Bond Fund Offshore Limited which is a 100% owned subsidiary of the Fund (see Note 1).

349

TIAA-CREF FUNDS - International Bond Fund

TIAA-CREF FUNDS

INTERNATIONAL BOND FUND

 SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2017

SECTOR	VALUE		% OF NET ASSETS
GOVERNMENT	$	169,900,219		70.1	%
FINANCIALS		17,262,910		7.1
CONSUMER DISCRETIONARY		9,958,474		4.1
MATERIALS		6,651,449		2.8
UTILITIES		6,138,142		2.5
INDUSTRIALS		6,038,335		2.5
HEALTH CARE		5,033,827		2.1
ENERGY		4,966,518		2.1
TELECOMMUNICATION SERVICES		3,729,754		1.5
INFORMATION TECHNOLOGY		3,271,464		1.3
CONSUMER STAPLES		1,548,161		0.6
REAL ESTATE		1,367,761		0.6
SHORT-TERM INVESTMENTS		3,497,167		1.5
OTHER ASSETS & LIABILITIES, NET		3,007,264		1.2
NET ASSETS	$	242,371,445		100.0	%

350

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

Note 1—organization and significant accounting policies

TIAA-CREF Funds (the “Trust”) is a Delaware statutory trust that was organized on April 15, 1999 and is registered with the Securities and Exchange Commission (“Commission”) under the Investment Company Act of 1940, as amended (“1940 Act”), as an open-end management investment company. The following TIAA-CREF Funds are included in this report: Enhanced Large-Cap Growth Index Fund, Enhanced Large-Cap Value Index Fund, Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Small/Mid-Cap Equity Fund, Social Choice Equity Fund, Social Choice Low Carbon Equity Fund, Emerging Markets Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund, International Equity Fund, International Opportunities Fund, International Small-Cap Equity Fund, Social Choice International Equity Fund, Equity Index Fund, Large-Cap Growth Index Fund, Large-Cap Value Index Fund, S&P 500 Index Fund, Small-Cap Blend Index Fund, Emerging Markets Equity Index Fund, International Equity Index Fund, Emerging Markets Debt Fund and the International Bond Fund (collectively, the “Funds” or individually, the “Fund”). The International Small-Cap Equity Fund commenced operations on December 9, 2016.

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, LLC (“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.

The accompanying schedules of investments were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) which may require the use of estimates made by management. Actual results may differ from those estimates. The Funds are investment companies and follow the accounting guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 946, Financial Services—Investment Companies. The following is a summary of the significant accounting policies consistently followed by the Funds.

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

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

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

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

Basis for Consolidation: The International Bond Fund is presented on a consolidated basis with the TIAA-CREF International Bond Fund Offshore Limited (“Subsidiary”), a wholly owned subsidiary of the International Bond Fund organized under the laws of the Cayman Islands. The Subsidiary commenced operations on March 1, 2017 and is intended to provide the Fund with exposure to Regulation S fixed-income securities. Regulation S securities are securities of U.S. and non-U.S. issuers that are issued through private placement transactions with the Commission pursuant to Regulation S under the Securities Act of 1933. The Subsidiary is advised by Advisors and has the same investment objective as the Fund, but unlike the Fund, it may invest in Regulation S securities without limitation. As of July 31, 2017, the net assets of the Subsidiary were $11,621,911 representing 5% of the Fund’s consolidated net assets. All inter-company transactions and balances have been eliminated.

Select financial information related to the Subsidiary is as follows:

Total market value of investments	$	11,547,683
Net assets	$	11,621,911
Net change in unrealized appreciation (depreciation)	$	520,152

New accounting pronouncement: In March 2017, FASB issued ASU 2017-08, Premium Amortization on Purchased Callable Debt Securities. ASU 2017-08 shortens the premium amortization period on a purchased callable debt security from the security’s contractual life to the earliest call date. It is anticipated that this change will reduce losses recognized when a security is called on an earlier date. This guidance will not significantly impact the Funds’ financial statements.

New rule issuances: In October 2016, the Commission issued Final Rule Release No. 33-10231, Investment Company Reporting Modernization. This final rule modernizes investment company reporting by requiring the filing of new Forms N-PORT and N-CEN, and amends Regulation S-X disclosures related to derivatives and other disclosures in the financial statements and other filings. The requirements of this final rule in relation to Forms N-PORT and N-CEN must be adopted by June 1, 2018, while the amended disclosures must be adopted by August 1, 2017. Management is currently assessing the impact of Forms N-PORT and N-CEN on the Funds’ various filings. The amended S-X disclosures required under this rule will not have an impact on net assets or results of operations but may result in changes to financial statement disclosures.

351

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

In October 2016, the Commission issued Final Rule Release No. 33-10233, Investment Company Liquidity Risk Management Programs. This final rule requires funds to establish a liquidity risk management program and enhances disclosures regarding funds' liquidity. The requirements of this final rule must be adopted by December 1, 2018. Management is currently assessing the impact of this rule to the Funds' financial statements and other filings.

In March 2017, the Commission issued Final Rule Release No. 34-80295, Amendment to Securities Transaction Settlement Cycle. This final rule shortens the standard settlement cycle from T+3 to T+2. It is expected that this shortened settlement time will decrease certain risks due to the reduction of unsettled trades and risk exposure. The compliance date for this final rule is September 5, 2017. This rule is not expected to materially impact the Funds' financial statements and other filings.

Note 2—valuation of investments

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

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

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

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

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

In accordance with ASC 820, 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 schedules of investments. As of July 31, 2017, 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 at the official close of business of such market or exchange on the valuation date, or if there is no official close of business, the latest sale price, or at the mean of the latest available 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 as Level 2 of the fair value hierarchy.

Debt securities: Debt securities, including equity-linked notes, will generally be valued using prices provided by a pricing service that may employ various indications of value 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 as Level 2 of the fair value hierarchy; in instances where prices, yields or any other key inputs are unobservable, they are categorized as Level 3 of the hierarchy.

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

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

352

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

Forward foreign currency contracts: Forward foreign currency contracts are valued using the prevailing forward exchange rate and are categorized as Level 2 of the fair value hierarchy. 

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

Total return swap contracts: Total return swap contracts are marked-to-market daily based upon a price supplied by a pricing service. Total return 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 as Level 2 of the fair value hierarchy; otherwise they would be categorized as Level 3. 

Transfers between levels are recognized at the end of the reporting period. For the period ended July 31, 2017, there were no material transfers between levels by the Funds.

As of July 31, 2017, 100% of the value of investments in the International Bond Fund was valued based on Level 2 inputs.

The following table summarizes the market value of the Funds' investments as of July 31, 2017, based on the inputs used to value them:

Fund	Level 1			Level 2		Level 3		Total
Enhanced Large-Cap Growth Index
Equity investments*	$	2,398,659,304		$	—	$	—	$	2,398,659,304
Short-term investments		6,102,222			17,250,000		—		23,352,222
Total	$	2,404,761,526		$	17,250,000	$	—	$	2,422,011,526
Enhanced Large-Cap Value Index
Equity investments*	$	2,427,323,787		$	—	$	—	$	2,427,323,787
Short-term investments		812,291			15,800,000		—		16,612,291
Total	$	2,428,136,078		$	15,800,000	$	—	$	2,443,936,078
Growth & Income
Equity investments:
Consumer discretionary	$	812,934,118		$	57,388,714	$	—	$	870,322,832
Consumer staples		540,385,460			22,685,199		—		563,070,659
Financials		813,980,040			52,485,118		—		866,465,158
Health care		836,432,803			95,233,415		—		931,666,218
Industrials		680,874,130			22,483,390		—		703,357,520
Information technology		1,599,018,109			62,394,475		—		1,661,412,584
All other equity investments*		825,764,849			—		—		825,764,849
Short-term investments		24,071,879			16,800,000		—		40,871,879
Purchased options		568,228			—		—		568,228
Written options**		(5,923,910	)		—		—		(5,923,910	)
Total	$	6,128,105,706		$	329,470,311	$	—	$	6,457,576,017
Large-Cap Growth
Equity investments:
Health care	$	696,766,700		$	79,057,980	$	—	$	775,824,680
Information technology		1,940,916,193			94,685,845		—		2,035,602,038
All other equity investments*		1,574,331,476			—		—		1,574,331,476
Short-term investments		—			6,450,000		—		6,450,000
Purchased options		162,000			—		—		162,000
Written options**		(205,200	)		—		—		(205,200	)
Total	$	4,211,971,169		$	180,193,825	$	—	$	4,392,164,994

353

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

Fund	Level 1			Level 2		Level 3		Total
Large-Cap Value
Equity investments:
Consumer discretionary	$	481,727,922		$	89,897,020	$	—	$	571,624,942
Energy		742,177,188			15,514,284		—		757,691,472
Financials		1,506,027,267			51,068,809		—		1,557,096,076
Industrials		564,564,421			—		7,267		564,571,688
Information technology		756,185,702			26,388,383		—		782,574,085
Materials		388,025,420			24,170,104		—		412,195,524
All other equity investments*		2,208,161,455			—		—		2,208,161,455
Short-term investments		90,341,870			88,937,333		—		179,279,203
Purchased options		10,770,345			—		—		10,770,345
Written options**		(3,914,730	)		—		—		(3,914,730	)
Total	$	6,744,066,860		$	295,975,933	$	7,267	$	7,040,050,060
Mid-Cap Growth
Equity investments*	$	1,516,597,727		$	—	$	—	$	1,516,597,727
Short-term investments		15,406,181			29,850,000		—		45,256,181
Written options**		(775,000	)		—		—		(775,000	)
Total	$	1,531,228,908		$	29,850,000	$	—	$	1,561,078,908
Mid-Cap Value
Equity investments:
Consumer discretionary	$	499,535,703		$	10,234,349	$	—	$	509,770,052
Financials		1,022,527,446			12,691,448		—		1,035,218,894
Health care		276,954,696			33,835,472		—		310,790,168
Information technology		372,450,337			9,638,782		—		382,089,119
Materials		338,839,579			14,029,427		—		352,869,006
Utilities		542,376,228			7,334,009		—		549,710,237
All other equity investments*		1,949,620,676			—		—		1,949,620,676
Short-term investments		73,154,833			107,192,599		—		180,347,432
Total	$	5,075,459,498		$	194,956,086	$	—	$	5,270,415,584
Small-Cap Equity
Equity investments*	$	3,487,698,141		$	—	$	—	$	3,487,698,141
Short-term investments		68,527,791			33,976,687		—		102,504,478
Futures**		84,413			—		—		84,413
Total	$	3,556,310,345		$	33,976,687	$	—	$	3,590,287,032
Small/Mid-Cap Equity
Equity investments*	$	640,961,648		$	—	$	—	$	640,961,648
Short-term investments		6,479,919			2,300,000		—		8,779,919
Total	$	647,441,567		$	2,300,000	$	—	$	649,741,567
Social Choice Equity
Equity investments*	$	2,653,121,914		$	—	$	—	$	2,653,121,914
Short-term investments		—			38,699,117		—		38,699,117
Futures**		67,383			—		—		67,383
Total	$	2,653,189,297		$	38,699,117	$	—	$	2,691,888,414
Social Choice Low Carbon Equity
Equity investments*	$	77,826,236		$	—	$	—	$	77,826,236
Short-term investments		—			450,000		—		450,000
Futures**		(634	)		—		—		(634	)
Total	$	77,825,602		$	450,000	$	—	$	78,275,602

354

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

Fund	Level 1			Level 2		Level 3		Total
Emerging Markets Equity
Equity investments:
Africa/Middle East	$	—		$	66,894,815	$	—	$	66,894,815
Asia		193,727,423			512,114,145		520,426		706,361,994
Europe		—			27,537,321		—		27,537,321
Latin America		96,471,535			215,350,699		—		311,822,234
All other equity investments*		19,457,268			145,257,432		3,413		164,718,113
Short-term investments		16,048,579			31,869,237		—		47,917,816
Total	$	325,704,805		$	999,023,649	$	523,839	$	1,325,252,293
Enhanced International Equity Index
Equity investments:
Asia	$	—		$	481,936,843	$	—	$	481,936,843
Australasia		—			127,468,288		—		127,468,288
Europe		34,054,282			991,627,414		—		1,025,681,696
All other equity investments*		22,114,954			156,392,562		—		178,507,516
Short-term investments		12,326,475			5,250,000		—		17,576,475
Total	$	68,495,711		$	1,762,675,107	$	—	$	1,831,170,818
Global Natural Resources
Equity investments:
Africa/Middle East	$	—		$	1,819,819	$	—	$	1,819,819
Australasia		—			3,137,692		—		3,137,692
Europe		—			7,078,566		—		7,078,566
Latin America		—			1,164,557		—		1,164,557
North America		18,159,949			4,321,861		—		22,481,810
All other equity investments*		—			2,713,600		—		2,713,600
Short-term investments		1,084,482			1,100,000		—		2,184,482
Total	$	19,244,431		$	21,336,095	$	—	$	40,580,526
International Equity
Equity investments:
Asia	$	—		$	1,355,580,340	$	—	$	1,355,580,340
Europe		—			3,108,470,558		—		3,108,470,558
North America		66,134,187			—		—		66,134,187
All other equity investments*		103,554,755			212,889,281		—		316,444,036
Short-term investments		85,914,018			44,665,033		—		130,579,051
Total	$	255,602,960		$	4,721,605,212	$	—	$	4,977,208,172
International Opportunities
Equity investments:
Asia	$	12,059,440		$	369,432,880	$	18,241	$	381,510,561
Australasia		—			38,083,636		—		38,083,636
Europe		—			599,078,543		—		599,078,543
Latin America		—			34,876,731		—		34,876,731
North America		—			105,527,789		—		105,527,789
All other equity investments*		—			166,004,436		1,683		166,006,119
Short-term investments		55,955,405			73,991,394		—		129,946,799
Forward foreign currency contracts**		(162,489	)		—		—		(162,489	)
Total	$	67,852,356		$	1,386,995,409	$	19,924	$	1,454,867,689
International Small-Cap Equity
Equity investments:
Asia	$	3,828,380		$	327,824,063	$	—	$	331,652,443
Australasia		—			37,960,240		—		37,960,240
Europe		—			287,747,636		—		287,747,636
North America		—			56,741,191		—		56,741,191
All other equity investments*		1,992,845			193,418,571		—		195,411,416
Short-term investments		15,620,510			2,900,000		—		18,520,510
Total	$	21,441,735		$	906,591,701	$	—	$	928,033,436

355

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

Fund	Level 1			Level 2		Level 3		Total
Social Choice International Equity
Equity investments:
Asia	$	—		$	10,160,825	$	—	$	10,160,825
Australasia		—			2,754,483		—		2,754,483
Europe		321,316			20,884,296		—		21,205,612
All other equity investments*		—			4,169,649		—		4,169,649
Short-term investments		—			600,000		—		600,000
Futures**		3,292			—		—		3,292
Total	$	324,608		$	38,569,253	$	—	$	38,893,861
Equity Index
Equity investments:
Health care	$	2,013,122,562		$	276	$	2,424	$	2,013,125,262
Industrials		1,544,837,248			—		71,574		1,544,908,822
All other equity investments*		11,031,889,253			—		—		11,031,889,253
Short-term investments		169,244,789			7,300,000		—		176,544,789
Total	$	14,759,093,852		$	7,300,276	$	73,998	$	14,766,468,126
Large-Cap Growth Index
Equity investments*	$	4,938,692,527		$	—	$	—	$	4,938,692,527
Short-term investments		18,496,253			23,450,000		—		41,946,253
Futures**		(39,033	)		—		—		(39,033	)
Total	$	4,957,149,747		$	23,450,000	$	—	$	4,980,599,747
Large-Cap Value Index
Equity investments*	$	6,638,544,291		$	—	$	—	$	6,638,544,291
Short-term investments		27,729,651			7,900,000		—		35,629,651
Total	$	6,666,273,942		$	7,900,000	$	—	$	6,674,173,942
S&P 500 Index
Equity investments*	$	4,374,640,887		$	—	$	—	$	4,374,640,887
Short-term investments		8,747,413			19,450,000		—		28,197,413
Futures**		(14,254	)		—		—		(14,254	)
Total	$	4,383,374,046		$	19,450,000	$	—	$	4,402,824,046
Small-Cap Blend Index
Equity investments:
Financials	$	419,258,539		$	—	$	132,773	$	419,391,312
Health care		339,977,845			561		10,998		339,989,404
Industrials		334,841,066			—		160,444		335,001,510
All other equity investments*		1,207,645,531			—		—		1,207,645,531
Short-term investments		179,924,967			1,700,000		—		181,624,967
Total	$	2,481,647,948		$	1,700,561	$	304,215	$	2,483,652,724
Emerging Markets Equity Index
Equity investments:
Africa/Middle East	$	—		$	140,916,827	$	—	$	140,916,827
Asia		156,418,253			1,354,322,993		184,930		1,510,926,176
Europe		21,757,345			44,208,323		—		65,965,668
Latin America		—			226,521,882		—		226,521,882
North America		47,677,324			—		—		47,677,324
All other equity investments*		8,782,314			176,157,655		610		184,940,579
Short-term investments		29,692,293			2,500,000		—		32,192,293
Total	$	264,327,529		$	1,944,627,680	$	185,540	$	2,209,140,749

356

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

Fund	Level 1		Level 2			Level 3		Total
International Equity Index
Equity investments:
Asia	$	3,755,180	$	2,844,912,062		$	—	$	2,848,667,242
Australasia		—		772,423,892			—		772,423,892
Europe		28,862,659		6,109,343,938			—		6,138,206,597
All other equity investments*		91,103,594		867,998,516			—		959,102,110
Short-term investments		81,380,781		19,500,000			—		100,880,781
Total	$	205,102,214	$	10,614,178,408		$	—	$	10,819,280,622
Emerging Markets Debt
Africa/Middle East	$	—	$	59,122,187		$	2,599,526	$	61,721,713
Asia		—		50,556,074			—		50,556,074
Europe		—		65,921,908			—		65,921,908
Latin America		—		130,805,550			8,362,681		139,168,231
All other debt investments *		—		3,386,437			—		3,386,437
Short-term investment		—		8,734,475			1,005,614		9,740,089
Forward foreign currency contracts**		—		(68,507	)		—		(68,507	)
Total	$	—	$	318,458,124		$	11,967,821	$	330,425,945

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

The following table is a reconciliation of the Emerging Markets Debt Fund’s investments in which significant unobservable inputs (Level 3) were used in determining value:

	Investments in securities
Balance as of October 31, 2016	$	5,460,376
Purchases		8,481,433
Sales		(2,409,398	)
Gains (losses)		290,088
Change in unrealized appreciation (depreciation)		145,322
Balance as of July 31, 2017	$	11,967,821

The following table summarized the significant unobservable inputs used to value Level 3 investments in the Emerging Markets Debt Fund as of July 31, 2017:

Investments	Fair value as of July 31, 2017		Valuation technique	Unobservable input	Range (weighted average)
Corporate bonds	$	3,156,255	Recent market transaction	Discount	64.5% - 71.8% (66.1%)
Corporate bonds		3,442,035	Recent market transaction	†
Government bonds		781,992	Broker quote	*
Government bonds		2,880,425	Recent market transaction	Discount	57.8% - 62.3% (61.1%)
Government bonds		701,500	Recent market transaction	*
Short term Investments		1,005,614	Recent market transaction	†
Total	$	11,967,821

*	Single source broker quote.
†	Recent market transaction refers to the most recent known market transaction.

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: Certain Funds are subject to equity price risk in the normal course of pursuing their investment objectives. The Funds use futures contracts to manage exposure to the equity markets and for cash management purposes to remain highly invested in these markets while minimizing transaction costs. Buying futures contracts tends to increase exposure to the underlying instrument/index, while selling futures contracts tends to decrease exposure to the underlying instrument/index or hedge other investments. Initial margin deposits are made upon entering into a futures contract, and variation margin receipts or payments are settled daily reflecting changes in the value of the futures contracts. Daily changes in the value of such contracts are reflected in net unrealized gains and losses. Gains or losses are realized upon the expiration or closing of the futures contracts or if the counterparties do not perform in accordance with contractual provisions. With futures 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.

357

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

At July 31, 2017, the Funds held the following open futures contracts:

Fund	Futures contracts	Number of long (short) contracts		Settlement value		Expiration date	Unrealized gain (loss)
Small-Cap Equity	Russell 2000 E Mini Index		140	$	9,972,900	September 2017	$	20,406
Small-Cap Equity	Russell 2000 E Mini Index		100		7,122,000	September 2017		64,007
Total			240	$	17,094,900		$	84,413
Social Choice Equity	S&P 500 E Mini Index		84	$	10,365,600	September 2017	$	67,383
Social Choice Low Carbon Equity	S&P 500 E Mini Index		4		493,600	September 2017		(634	)
Social Choice International Equity	MSCI EAFE E Mini Index		6		581,670	September 2017		3,292
Large-Cap Growth Index	S&P 500 E Mini Index		78		9,625,200	September 2017		(39,033	)
S&P 500 Index	S&P 500 E Mini Index		27		3,331,800	September 2017		(14,254	)

Options: Certain Funds are subject to equity price risk in the normal course of pursuing their investment objectives. To manage the risk, the Funds may invest in both equity and index options. The Funds use options contracts for hedging and cash management purposes and to seek to increase total return. Call and put equity options give the holder the right, in return for a premium paid, to purchase or sell, respectively, a security at a specified exercise price at any time during the period of the option. Index options are written or purchased options in which the underlying investment is a specified index. The exercise of an index option will not result in the physical delivery of the underlier, but a cash transfer of the difference between the settlement price of the underlier and the strike price of the option. Purchased options are included in the schedules of investments. Premiums on unexercised, expired options are recorded as realized gains or losses; premiums on exercised options are recorded as an adjustment to the proceeds from the sale or cost of the purchase. The difference between the premium and the amount received or paid in a closing transaction is also treated as a realized gain or loss. Risks related to the use of options include possible illiquidity of the options markets, and price movements in underlying security values.

Purchased options outstanding as of July 31, 2017 were as follows:

	Number of contracts		Value
Growth & Income Fund
Bristol-Myers Squibb Co, Call, 9/15/17 at $60		489	$	29,829
Church & Dwight Co, Inc, Call, 10/20/17 at $55		200		20,000
Continental Resources, Inc, Call, 9/15/17 at $40		330		9,075
DISH Network Corp, Call, 1/19/18 at $65		585		263,250
Dow Chemical Co, Call, 8/4/17 at $67.50		337		1,011
Huntsman Corp, Call, 1/19/18 at $28		235		31,725
Mattel, Inc, Call, 10/20/17 at $25		625		6,250
Monsanto Co, Call, 1/19/18 at $115		316		188,020
Symantec Corp, Call, 8/11/17 at $31		227		19,068
Total		3,344	$	568,228
Large-Cap Growth Fund
Home Depot, Inc, Call, 1/19/18 at $160		540	$	162,000
Total		540	$	162,000
Large-Cap Value Fund
Chicago Board Options Exchange SPX Volatility Index, Call, 10/18/17 at $20		32,139	$	2,410,425
S&P 500 Index, Put, 10/31/17 at $2300		5,464		8,359,920
Total		37,603	$	10,770,345
Written options outstanding as of July 31, 2017 were as follows:
	Number of Contracts			Value
Growth & Income Fund
3M Co, Put, 8/4/17 at $190		330	$	(660	)
AbbVie, Inc, Put, 8/18/17 at $68		433		(14,722	)
Alliance Data Systems Corp, Put, 8/18/17 at $220		260		(8,450	)
Analog Devices, Inc, Put, 9/15/17 at $77.50		165		(33,000	)
Analog Devices, Inc, Put, 12/15/17 at $80		165		(90,750	)
BioMarin Pharmaceutical, Inc, Put, 10/20/17 at $80		165		(38,363	)
BioMarin Pharmaceutical, Inc, Put, 10/20/17 at $85		165		(65,175	)
Caesarstone Ltd, Call, 8/18/17 at $42.50		497		(6,213	)
Caesarstone Sdot-Yam Ltd, Call, 8/18/17 at $37.50		497		(39,760	)

358

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

	Number of Contracts			Value
Cavium, Inc, Put, 8/18/17 at $55		621	$	(34,155	)
Celgene Corp, Call, 1/19/18 at $145		500		(252,500	)
Centene Corp, Put, 8/18/17 at $77.50		580		(60,900	)
Clovis Oncology, Inc, Put, 8/18/17 at $75		414		(57,960	)
CME Group, Inc, Put, 8/4/17 at $117		330		(4,950	)
Coach, Inc, Put, 8/18/17 at $43		667		(23,345	)
ConAgra Brands, Inc, Put, 12/15/17 at $32		828		(78,660	)
Costco Wholesale Corp, Put, 8/4/17 at $148		186		(930	)
Costco Wholesale Corp, Put, 10/20/17 at $155		186		(72,540	)
CSX Corp, Put, 8/4/17 at $49		580		(23,780	)
CyberArk Software Ltd, Put, 10/20/17 at $45		494		(227,240	)
Delta Air Lines, Inc, Put, 8/18/17 at $50		497		(76,538	)
DISH Network Corp, Put, 1/19/18 at $52.50		780		(101,400	)
Domino's Pizza, Inc, Put, 8/18/17 at $175		167		(11,356	)
DXC Technology Co, Put, 9/15/17 at $70		124		(5,270	)
Edwards Lifesciences Corp, Call, 8/18/17 at $120		165		(8,250	)
Edwards Lifesciences Corp, Put, 8/18/17 at $105		165		(2,887	)
Electronic Arts, Inc, Put, 9/15/17 at $95		497		(15,407	)
Emerson Electric Co, Put, 8/18/17 at $57.50		667		(36,685	)
FedEx Corp, Put, 8/18/17 at $200		330		(31,020	)
Flex Ltd, Put, 8/4/17 at $15		828		(1,656	)
FMC Corp, Put, 8/18/17 at $65		494		(9,880	)
Gap, Inc, Put, 9/15/17 at $20		494		(5,928	)
General Dynamics Corp, Put, 8/18/17 at $195		167		(28,223	)
Hasbro, Inc, Put, 8/4/17 at $102		100		(1,250	)
Hasbro, Inc, Put, 8/4/17 at $104		330		(14,520	)
HD Supply Holdings, Inc, Put, 12/15/17 at $27.50		824		(65,920	)
Hilton Worldwide Holdings, Inc, Put, 8/18/17 at $57.50		500		(5,000	)
Home Depot, Inc, Put, 8/18/17 at $135		124		(1,488	)
Home Depot, Inc, Put, 8/18/17 at $140		124		(4,092	)
Honeywell International, Inc, Put, 8/18/17 at $125		248		(2,976	)
Huntsman Corp, Put, 1/19/18 at $22		494		(27,170	)
Idexx Laboratories, Inc, Put, 8/18/17 at $150		167		(11,690	)
Incyte Corp, Call, 8/18/17 at $150		200		(28,000	)
Incyte Corp, Put, 9/15/17 at $110		100		(12,750	)
International Paper Co, Put, 9/15/17 at $50		292		(7,592	)
International Paper Co, Put, 9/15/17 at $52.50		292		(18,980	)
Interpublic Group of Cos, Inc, Put, 9/15/17 at $21		1,000		(42,500	)
Itron, Inc, Put, 8/18/17 at $55		115		(2,587	)
JC Penney Co, Inc, Put, 1/19/18 at $4		1,223		(40,359	)
Juniper Networks, Inc, Put, 9/15/17 at $26		1,000		(23,000	)
Kansas City Southern, Put, 8/18/17 at $100		497		(49,700	)
Kohl's Corp, Put, 1/19/18 at $35		215		(39,990	)
Lululemon Athletica, Inc, Put, 9/15/17 at $50		312		(13,416	)
Lumentum Holdings, Inc, Put, 8/18/17 at $45		235		(6,580	)
Mattel, Inc, Put, 10/20/17 at $20		2,000		(280,000	)
Mattel, Inc, Put, 1/19/18 at $17		1,000		(55,000	)
MGM Resorts International, Put, 8/4/17 at $29		330		(825	)
MicroStrategy, Inc, Call, 8/18/17 at $200		165		(495	)
MicroStrategy, Inc, Put, 10/20/17 at $125		165		(52,800	)
Mohawk Industries, Inc, Put, 8/18/17 at $220		167		(2,923	)
Monsanto Co, Put, 1/19/18 at $97.50		750		(87,375	)
Monster Beverage Corp, Put, 12/15/17 at $45		400		(35,000	)
NetFlix, Inc, Put, 8/18/17 at $160		497		(19,880	)
Northern Trust Corp, Put, 10/20/17 at $87.50		497		(168,980	)
Northrop Grumman Corp, Put, 8/4/17 at $255		167		(2,505	)
NuVasive, Inc, Put, 12/15/17 at $65		500		(210,000	)

359

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

	Number of Contracts			Value
Pinnacle Foods, Inc, Call, 9/15/17 at $75		330	$	(3,300	)
Pinnacle Foods, Inc, Put, 9/15/17 at $57.50		487		(80,355	)
Pioneer Natural Resources Co, Put, 12/15/17 at $145		505		(227,250	)
Praxair, Inc, Put, 8/18/17 at $130		337		(77,510	)
Proofpoint, Inc, Put, 8/18/17 at $80		417		(37,530	)
Pure Storage, Inc, Put, 9/15/17 at $10		4,000		(90,000	)
PVH Corp, Call, 8/18/17 at $120		165		(37,950	)
Regeneron Pharmaceuticals, Inc, Call, 11/17/17 at $575		165		(161,700	)
Regeneron Pharmaceuticals, Inc, Put, 11/17/17 at $375		165		(77,550	)
Regeneron Pharmaceuticals, Inc, Put, 11/17/17 at $425		165		(205,425	)
SBA Communications Corp, Put, 8/18/17 at $130		337		(21,905	)
Schlumberger Ltd, Put, 1/19/18 at $70		330		(161,700	)
Sempra Energy, Put, 10/20/17 at $100		330		(14,850	)
Sherwin-Williams Co, Put, 8/18/17 at $330		100		(24,000	)
Starbucks Corp, Put, 10/20/17 at $50		542		(29,268	)
Symantec Corp, Put, 8/11/17 at $26.50		995		(11,940	)
Take-Two Interactive Software, Inc, Call, 12/15/17 at $90		127		(40,005	)
Take-Two Interactive Software, Inc, Put, 9/15/17 at $65		400		(21,200	)
Take-Two Interactive Software, Inc, Put, 12/15/17 at $65		127		(24,765	)
TESARO, Inc, Put, 9/15/17 at $90		195		(19,500	)
TripAdvisor, Inc, Put, 12/15/17 at $38		1,000		(345,000	)
Ulta Beauty, Inc, Put, 9/15/17 at $250		100		(128,100	)
Ulta Beauty, Inc, Put, 9/15/17 at $255		67		(117,652	)
United States Steel Corp, Put, 1/19/18 at $20		470		(70,030	)
Universal Display Corp, Put, 9/15/17 at $100		235		(44,650	)
Universal Display Corp, Put, 12/15/17 at $110		481		(411,255	)
Universal Health Services, Inc (Class B), Put, 10/20/17 at $110		333		(156,510	)
Viacom, Inc, Put, 9/15/17 at $37.50		659		(217,470	)
WABCO Holdings, Inc, Call, 12/15/17 at $150		330		(100,650	)
WABCO Holdings, Inc, Put, 8/18/17 at $115		330		(1,650	)
Waste Management, Inc, Put, 10/20/17 at $70		500		(17,500	)
WellCare Health Plans, Inc, Put, 8/18/17 at $165		235		(37,600	)
Wynn Resorts Ltd, Put, 8/11/17 at $122		330		(23,100	)
XPO Logistics, Inc, Put, 8/18/17 at $55		828		(68,724	)
Zimmer Biomet Holdings, Inc, Put, 8/18/17 at $115		414		(12,420	)
Total		44,999	$	(5,923,910	)
Large-Cap Growth Fund
Home Depot, Inc, Call, 1/19/18 at $170		540	$	(54,540	)
Home Depot, Inc, Put, 1/19/18 at $135		540		(150,660	)
Total		1,080	$	(205,200	)
Large-Cap Value Fund
Chicago Board Options Exchange SPX Volatility Index, Call, 10/18/17 at $30		32,139	$	(964,170	)
S&P 500 Index, Put, 10/31/17 at $2100		5,464		(2,950,560	)
Total		37,603	$	(3,914,730	)
Mid-Cap Growth Fund
Insulet Corp, Call, 8/18/17 at $50		900	$	(225,000	)
Lumentum Holdings, Inc, Call, 8/18/17 at $60		1,000		(550,000	)
Total		1,900	$	(775,000	)

Forward foreign currency contracts: Certain Funds are subject to foreign exchange risk in the normal course of pursuing their investment objectives. The Funds use forward foreign currency contracts (“forwards”), including non-deliverable forwards (“NDFs”), to, among other things, hedge portfolio currency risk and to facilitate transactions in securities denominated in foreign currencies. Forwards are over-the-counter (“OTC”) commitments that involve an obligation to purchase or sell a fixed amount of a specific currency on a future date at a locked exchange rate. NDFs allow hedging of currencies where government regulations restrict foreign access to local currency or the parties want to compensate for risk without a physical exchange of funds. Forwards are marked-to-market daily at the applicable foreign exchange rate, and any resulting unrealized gains or losses are recorded as appreciation or depreciation. The Funds realize gains and losses at the time the forward is closed. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of a foreign currency relative to the U.S. dollar.

360

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

At July 31, 2017, the Fund(s) held the following open forward contracts:

Fund	Counterparty	Contract settlement date		Receive		Deliver	Unrealized appreciation (depreciation)
International Opportunities	Morgan Stanley	10/10/17	AUD	22,119,552	GBP	13,000,000		$866,491
	Morgan Stanley	10/10/17	JPY	879,037,800	GBP	6,000,000		281,745
	Morgan Stanley	10/10/17	AUD	22,119,552	GBP	13,000,000		(380,163)
	Morgan Stanley	10/10/17	CHF	24,773,720	GBP	20,000,000		(745,591)
	Morgan Stanley	10/10/17	JPY	879,037,800	GBP	6,000,000		(217,374)
	Morgan Stanley	10/10/17	CHF	24,773,720	GBP	20,000,000		32,403
						Total	$	(162,489)
Emerging Markets Debt	Bank of America	11/20/17	$	1,500,000	CNH	10,612,500	$	(68,507)
International Bond	Bank of America	8/31/17	$	4,005,696	AUD	5,056,242	$	(37,628)
	Bank of America	8/31/17	$	4,081,537	CAD	5,104,117		(14,339)
	Bank of America	8/31/17	$	80,364,409	EUR	68,982,029		(1,440,028)
	Bank of America	8/31/17	$	7,320,556	KRW	8,192,580,929		4,772
	Bank of America	8/31/17	$	1,470,027	NZD	1,978,842		(15,174)
	Bank of America	8/31/17	$	1,960,627	PLN	7,168,325		(32,845)
	Bank of America	8/31/17	$	1,543,573	ZAR	20,217,883		17,966
						Total	$	(1,517,276)
	Morgan Stanley	8/31/17	$	1,512,230	EUR	1,295,174	$	(23,691)
	Morgan Stanley	8/31/17	$	21,595,182	GBP	16,528,198		(236,427)
	Morgan Stanley	8/31/17	$	37,066,668	JPY	4,145,341,183		(588,436)
	Morgan Stanley	8/31/17	$	3,134,846	NOK	24,940,049		(39,396)
	Morgan Stanley	8/31/17	$	4,692,945	SEK	38,556,744		(91,559)
	Morgan Stanley	8/31/17	$	1,030,808	THB	34,508,257		(6,426)
						Total	$	(985,935)
Total							$	(2,503,211)

Abbreviation(s):
AUD	Australian Dollar
CAD	Canadian Dollar
CHF	Swiss Franc
CNH	Chinese Yuan
EUR	Euro
GBP	Pound Sterling
JPY	Japanese Yen
KRW	South Korean Won
NOK	Norwegian Krone
NZD	New Zealand Dollar
PLN	Polish Złoty
SEK	Swedish Krona
THB	Thai Baht
ZAR	South African Rand

Credit default swap contracts: Certain 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.

361

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

Certain 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 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.

As of July 31, 2017, the Funds did not have open credit default swaps.

Total return swap contracts: Total return swaps are agreements that provide a Fund with a return based on the performance of an underlying asset, in exchange for fee payments to a counterparty based on a specific rate. To the extent the total return of the reference security or index underlying the total return swap exceeds or falls short of the offsetting interest rate obligation, the Fund will receive a payment or make a payment to the counterparty, respectively. Total return swaps are exposed to the market risk factor of the specific underlying financial instrument or index. Additional risks to the Fund include the possibility that there is no liquid market for these agreements or that the counterparty may default on its obligation to perform. The Fund's maximum loss from counterparty risk is the fair value of the contract. Certain Funds may invest in total return swap contracts to gain or hedge exposure to the underlying reference assets. 

At July 31, 2017, the Fund(s) held the following open total return swap contracts: 

Fund	Counterparty	Notional amount	Termination date	Fixed payments received by or (paid) by Fund per annum			Total return received by or (paid) by Fund	Unrealized appreciation (depreciation)
Small-Cap Equity	Goldman Sachs	34,709,299	9/6/2017		0.02	%	Difference between GSCBTINY Index less Russell 2000 Index and Russell 2500 Index	$	—

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. As of July 31, 2017, there were no affiliated investments.

Note 5—investments

Securities lending: Certain Funds may lend their securities to qualified institutional borrowers to earn additional income. A Fund receives collateral (in the form of cash, Treasury securities or other collateral permitted by applicable law) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of loaned securities during the period of the loan; any additional collateral required due to changes in security values is delivered to the Fund the next business day. Cash collateral received by the Fund will generally be invested in high-quality short-term instruments or in one or more funds maintained by the securities lending agent ("Agent") for the purpose of investing cash collateral. The value of the loaned securities are reflected in the schedules of investments. As of July 31, 2017, securities lending transactions are for equity securities, and the resulting loans are continuous, can be recalled at any time, and have no set maturity. In lending its securities, a Fund bears the market risk with respect to the investment of collateral and the risk that the Agent may default on its contractual obligations to the Fund. The Agent bears the risk that the borrower may default on its obligation to return the loaned securities as the Agent is contractually obligated to indemnify the Fund if at the time of a default by a borrower some or all of the loan securities have not been returned.

362

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

Securities purchased on a when-issued or delayed-delivery basis: The Emerging Markets Debt Fund and the International Bond Fund 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.

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.

Net unrealized appreciation (depreciation): At July 31, 2017, net unrealized appreciation (depreciation) based on the aggregate cost of portfolio investments for federal income tax purposes, consisting of gross unrealized appreciation and gross unrealized depreciation was as follows:

Fund	Book cost		Gross unrealized appreciation		Gross unrealized (depreciation)			Net unrealized appreciation (depreciation)
Enhanced Large-Cap Growth Index	$	1,799,998,071	$	634,334,842	$	(12,321,387	)	$	622,013,455
Enhanced Large-Cap Value Index		2,072,327,489		388,564,394		(16,955,805	)		371,608,589
Growth & Income		4,714,662,664		1,778,900,400		(30,063,137	)		1,748,837,263
Large-Cap Growth		2,878,465,990		1,519,668,358		(5,764,154	)		1,513,904,204
Large-Cap Value		5,742,213,058		1,504,207,572		(202,455,840	)		1,301,751,732
Mid-Cap Growth		1,290,299,551		280,986,612		(9,432,255	)		271,554,357
Mid-Cap Value		3,866,974,148		1,539,826,265		(136,384,829	)		1,403,441,436
Small-Cap Equity		3,053,856,655		610,225,340		(73,879,376	)		536,345,964
Small/Mid-Cap Equity		585,618,524		84,297,597		(20,174,554	)		64,123,043
Social Choice Equity		1,816,677,730		927,735,616		(52,592,315	)		875,143,301
Social Choice Low Carbon Equity		67,745,631		11,835,185		(1,304,580	)		10,530,605
Emerging Markets Equity		1,117,367,048		230,637,400		(22,752,155	)		207,885,245
Enhanced International Equity Index		1,565,885,975		275,839,257		(10,554,414	)		265,284,843
Global Natural Resources		35,933,733		5,413,289		(766,496	)		4,646,793
International Equity		4,251,647,594		756,754,526		(31,193,948	)		725,560,578
International Opportunities		1,122,009,017		375,681,206		(42,660,045	)		333,021,161
International Small-Cap Equity		808,377,593		131,727,667		(12,071,824	)		119,655,843
Social Choice International Equity		35,944,546		4,130,892		(1,184,869	)		2,946,023
Equity Index		9,524,497,422		5,499,554,439		(257,583,735	)		5,241,970,704
Large-Cap Growth Index		3,572,015,176		1,426,954,195		(18,330,591	)		1,408,623,604
Large-Cap Value Index		5,736,795,369		1,103,441,406		(166,062,833	)		937,378,573
S&P 500 Index		2,941,058,332		1,518,672,777		(56,892,809	)		1,461,779,968
Small-Cap Blend Index		1,915,957,478		701,641,352		(133,946,106	)		567,695,246
Emerging Markets Equity Index		1,869,081,535		477,427,050		(137,367,836	)		340,059,214
International Equity Index		9,246,440,699		2,027,267,086		(454,427,163	)		1,572,839,923
Emerging Markets Debt		322,793,817		12,560,296		(4,859,661	)		7,700,635
International Bond		230,421,335		10,883,545		(1,940,699	)		8,942,846

363

Item 2. Controls and Procedures.

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

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

Item 3. Exhibits.

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

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

SIGNATURES

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

	TIAA-CREF FUNDS
Dated: September 14, 2017	By:	/s/Bradley Finkle
		Bradley Finkle
		Principal Executive Officer and President

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

Dated: September 14, 2017	By:	/s/Bradley Finkle
		Bradley Finkle
		Principal Executive Officer and President
		(principal executive officer)

Dated: September 14, 2017	By:	/s/E. Scott Wickerham
		E. Scott Wickerham
		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

EX-99.CERT

Exhibit 3(a)

CERTIFICATION

I, Bradley Finkle, certify that:

1. I have reviewed this report on Form N-Q of the TIAA-CREF Funds;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed;

4. The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer(s) and I have disclosed to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Dated: September 14, 2017	By:	/s/Bradley Finkle
		Bradley Finkle
		Principal Executive Officer and President
		(principal executive officer)

Exhibit 3(b)

CERTIFICATION

I, E. Scott Wickerham, certify that:

1. I have reviewed this report on Form N-Q of the TIAA-CREF Funds;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed;

4. The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer(s) and I have disclosed to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Dated: September 14, 2017	By:	/s/E. Scott Wickerham
		E. Scott Wickerham
		Principal Financial Officer, Principal
		Accounting Officer and Treasurer
		(principal financial officer)