0000930413-19-000977.txt : 20190320 0000930413-19-000977.hdr.sgml : 20190320 20190320105949 ACCESSION NUMBER: 0000930413-19-000977 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190131 FILED AS OF DATE: 20190320 DATE AS OF CHANGE: 20190320 EFFECTIVENESS DATE: 20190320 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TIAA-CREF FUNDS CENTRAL INDEX KEY: 0001084380 IRS NUMBER: 134055167 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-09301 FILM NUMBER: 19693954 BUSINESS ADDRESS: STREET 1: 730 THIRD AVE. CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2129166746 MAIL ADDRESS: STREET 1: 730 THIRD AVE. CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: TIAA CREF INSTITUTIONAL MUTUAL FUNDS DATE OF NAME CHANGE: 19990415 0001084380 S000005360 TIAA-CREF Equity Index Fund C000014611 Institutional Class TIEIX C000033987 Retirement Class TIQRX C000033988 Retail Class TINRX C000079551 Premier Class TCEPX C000162542 Advisor Class TEIHX C000202742 Class W TEQWX 0001084380 S000005361 TIAA-CREF S&P 500 Index Fund C000014612 Institutional Class TISPX C000014613 Retirement Class TRSPX C000162543 Advisor Class TISAX C000202743 Class W TISWX 0001084380 S000005367 TIAA-CREF Small-Cap Blend Index Fund C000014624 Institutional Class TISBX C000014625 Retirement Class TRBIX C000162544 Advisor Class TRHBX C000202744 Class W TRHWX 0001084380 S000005368 TIAA-CREF International Equity Index Fund C000014626 Institutional Class TCIEX C000014627 Retirement Class TRIEX C000079552 Premier Class TRIPX C000162545 Advisor Class TCIHX C000202745 Class W TCIWX 0001084380 S000005370 TIAA-CREF Growth & Income Fund C000014631 Institutional Class TIGRX C000014632 Retirement Class TRGIX C000033989 Retail Class TIIRX C000079554 Premier Class TRPGX C000162547 Advisor Class TGIHX C000202746 Class W TGIWX 0001084380 S000005371 TIAA-CREF Social Choice Equity Fund C000014633 Institutional Class TISCX C000014634 Retirement Class TRSCX C000033990 Retail Class TICRX C000079555 Premier Class TRPSX C000162548 Advisor Class TICHX 0001084380 S000005381 TIAA-CREF International Equity Fund C000014645 Institutional Class TIIEX C000014646 Retirement Class TRERX C000033996 Retail Class TIERX C000079565 Premier Class TREPX C000162558 Advisor Class TIEHX C000202750 Class W TIEWX 0001084380 S000005383 TIAA-CREF Large-Cap Value Fund C000014648 Institutional Class TRLIX C000014649 Retail Class TCLCX C000014650 Retirement Class TRLCX C000079567 Premier Class TRCPX C000162560 Advisor Class TRLHX C000202751 Class W TRLWX 0001084380 S000005384 TIAA-CREF Mid-Cap Growth Fund C000014651 Institutional Class TRPWX C000014652 Retail Class TCMGX C000014653 Retirement Class TRGMX C000079568 Premier Class TRGPX C000162561 Advisor Class TCMHX 0001084380 S000005385 TIAA-CREF Mid-Cap Value Fund C000014654 Institutional Class TIMVX C000014655 Retail Class TCMVX C000014656 Retirement Class TRVRX C000079569 Premier Class TRVPX C000162562 Advisor Class TRVHX 0001084380 S000005386 TIAA-CREF Quant Small-Cap Equity Fund C000014657 Institutional Class TISEX C000014658 Retail Class TCSEX C000014659 Retirement Class TRSEX C000079570 Premier Class TSRPX C000162563 Advisor Class TSCHX C000202752 Class W TSCWX 0001084380 S000005387 TIAA-CREF Large-Cap Growth Index Fund C000014660 Institutional Class TILIX C000014661 Retirement Class TRIRX C000162564 Advisor Class TRIHX C000202753 Class W TRIWX 0001084380 S000005388 TIAA-CREF Large-Cap Value Index Fund C000014662 Institutional Class TILVX C000014663 Retirement Class TRCVX C000162565 Advisor Class THCVX C000202754 Class W THCWX 0001084380 S000012197 TIAA-CREF Large-Cap Growth Fund C000033280 Retail Class TIRTX C000033281 Retirement Class TILRX C000033282 Institutional Class TILGX C000079573 Premier Class TILPX C000162568 Advisor Class TILHX C000202757 Class W TILWX 0001084380 S000019656 TIAA-CREF Quant International Equity Fund C000054988 Institutional Class TFIIX C000162571 Advisor Class TEIEX C000202759 Class W TEIWX 0001084380 S000019657 TIAA-CREF Quant Large-Cap Growth Fund C000054989 Institutional Class TLIIX C000162572 Advisor Class TECGX C000202760 Class W TECWX 0001084380 S000019658 TIAA-CREF Quant Large-Cap Value Fund C000054990 Institutional Class TEVIX C000162573 Advisor Class TELCX C000202761 Class W TELWX 0001084380 S000029604 TIAA-CREF Emerging Markets Equity Fund C000090850 Retail Class TEMRX C000090851 Retirement Class TEMSX C000090852 Premier Class TEMPX C000090853 Institutional Class TEMLX C000162588 Advisor Class TEMHX C000202763 Class W TEMVX 0001084380 S000029605 TIAA-CREF Emerging Markets Equity Index Fund C000090854 Retail Class TEQKX C000090855 Retirement Class TEQSX C000090856 Premier Class TEQPX C000090857 Institutional Class TEQLX C000162589 Advisor Class TEQHX C000202764 Class W TENWX 0001084380 S000040206 TIAA-CREF International Opportunities Fund C000124962 Institutional Class TIOIX C000124963 Premier Class TIOPX C000124964 Retail Class TIOSX C000124965 Retirement Class TIOTX C000162599 Advisor Class TIOHX C000202765 Class W TIOVX 0001084380 S000046660 TIAA-CREF Emerging Markets Debt Fund C000145608 Institutional Class TEDNX C000145609 Premier Class TEDPX C000145610 Retail Class TEDLX C000145611 Retirement Class TEDTX C000162600 Advisor Class TEDHX C000202766 Class W TEDVX 0001084380 S000050279 TIAA-CREF Social Choice International Equity Fund C000158754 Institutional Class TSONX C000158755 Premier Class TSOPX C000158756 Retail Class TSORX C000158757 Retirement Class TSOEX C000162604 Advisor Class TSOHX 0001084380 S000050280 TIAA-CREF Social Choice Low Carbon Equity Fund C000158758 Premier Class TPWCX C000158759 Retail Class TLWCX C000158760 Retirement Class TEWCX C000158761 Institutional Class TNWCX C000162605 Advisor Class TCCHX 0001084380 S000054622 TIAA-CREF International Bond Fund C000171516 Advisor Class TIBNX C000171517 Institutional Class TIBWX C000171518 Premier Class TIBLX C000171519 Retail Class TIBEX C000171520 Retirement Class TIBVX C000202768 Class W TIBUX 0001084380 S000054623 TIAA-CREF Quant Small/Mid-Cap Equity Fund C000171521 Retirement Class TSMOX C000171522 Advisor Class TSMNX C000171523 Institutional Class TSMWX C000171524 Premier Class TSMMX C000171525 Retail Class TSMEX C000202769 Class W TSMUX 0001084380 S000055721 TIAA-CREF Quant International Small-Cap Equity Fund C000175453 Advisor Class TAISX C000175454 Institutional Class TIISX C000175455 Premier Class TPISX C000175456 Retail Class TLISX C000175457 Retirement Class TTISX C000202770 Class W TAIWX N-Q 1 c93102_nq.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number   File No. 811-09301

 

TIAA-CREF FUNDS

(Exact name of Registrant as specified in charter)

 

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

(Address of Principal Executive Offices) (Zip code)

 

Jeremy D. Franklin, Esq.

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: January 31, 2019

 

Item 1. Schedule of Investments.

 

TIAA-CREF FUNDS - Growth & Income Fund

 

TIAA-CREF FUNDS

GROWTH & INCOME FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES      COMPANY  VALUE  
                 
COMMON STOCKS - 99.8%   
         
AUTOMOBILES & COMPONENTS - 0.4%
 325,004     Aptiv plc  $25,717,566 
       TOTAL AUTOMOBILES & COMPONENTS   25,717,566 
             
BANKS - 5.7%     
 4,015,277     Bank of America Corp   114,314,936 
 920,627     Citizens Financial Group, Inc   31,227,668 
 1,253,198     JPMorgan Chase & Co   129,705,993 
 210,407  n  M&T Bank Corp   34,620,368 
 508,897     US Bancorp   26,035,171 
 659,619     Wells Fargo & Co   32,261,965 
       TOTAL BANKS   368,166,101 
             
CAPITAL GOODS - 6.8%     
 163,384  n  Boeing Co/The   63,004,138 
 294,983  n  Deere & Co   48,377,212 
 350,192     Dover Corp   30,757,363 
 241,472     Fortive Corp   18,107,985 
 1,159,932  n  General Electric Co   11,784,909 
 222,081  n  Harris Corp   34,018,368 
 537,415     Honeywell International, Inc   77,188,917 
 364,868     Ingersoll-Rand plc   36,501,395 
 692,781     ITT, Inc   36,412,569 
 124,025     L3 Technologies, Inc   24,418,042 
 102,719  n  Northrop Grumman Corp   28,304,220 
 153,967     Siemens AG.   16,905,239 
 126,329  *,n  WABCO Holdings, Inc   14,430,562 
       TOTAL CAPITAL GOODS   440,210,919 
             
COMMERCIAL & PROFESSIONAL SERVICES - 1.2%     
 228,349  *  Verisk Analytics, Inc   26,810,456 
 568,510     Waste Management, Inc   54,389,352 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   81,199,808 
             
CONSUMER DURABLES & APPAREL - 2.8%     
 115,956  *,n  Deckers Outdoor Corp   14,894,548 
 257,192     DR Horton, Inc   9,889,032 
 194,388  *  Lululemon Athletica, Inc   28,732,490 
 1,167,163  *,e  Mattel, Inc   13,819,210 
 263,758  n  PVH Corp   28,778,635 
 434,801     Sony Corp   21,786,544 
 631,561  *,e,g  Spin Master Corp   20,000,193 
 735,377     Tapestry, Inc   28,466,444 
 395,213     Wolverine World Wide, Inc   13,559,758 
       TOTAL CONSUMER DURABLES & APPAREL   179,926,854 
1

TIAA-CREF FUNDS - Growth & Income Fund

 

SHARES      COMPANY  VALUE  
         
CONSUMER SERVICES - 0.4%   
 231,939     Royal Caribbean Cruises Ltd  $27,844,277 
       TOTAL CONSUMER SERVICES   27,844,277 
             
DIVERSIFIED FINANCIALS - 2.6%     
 675,389     Blackstone Group LP   22,760,609 
 333,582  n  CME Group, Inc   60,805,327 
 1,245,742     Morgan Stanley   52,694,886 
 730,838     Voya Financial, Inc   33,932,809 
       TOTAL DIVERSIFIED FINANCIALS   170,193,631 
             
ENERGY - 5.6%     
 252,707  *  Apergy Corp   8,496,009 
 1,143,417     Cabot Oil & Gas Corp   28,528,254 
 979,836     Chevron Corp   112,338,198 
 387,505  *  Concho Resources, Inc   46,438,599 
 460,644  *  Continental Resources, Inc   21,267,934 
 456,077     Delek US Holdings, Inc   14,827,063 
 199,626     Diamondback Energy, Inc   20,585,433 
 408,337     EOG Resources, Inc   40,507,030 
 425,120     ONEOK, Inc   27,296,955 
 1,486,040  *  Parsley Energy, Inc   27,610,623 
 1,598,302  *  WPX Energy, Inc   19,595,183 
       TOTAL ENERGY   367,491,281 
             
FOOD & STAPLES RETAILING - 1.2%     
 206,119  n  Costco Wholesale Corp   44,239,321 
 384,359     Walmart, Inc   36,833,123 
       TOTAL FOOD & STAPLES RETAILING   81,072,444 
             
FOOD, BEVERAGE & TOBACCO - 5.2%     
 1,476,679     Coca-Cola Co   71,072,560 
 404,868     Coca-Cola European Partners plc (Class A)   19,263,620 
 1,235,322  n  ConAgra Brands, Inc   26,732,368 
 249,095  n  Constellation Brands, Inc (Class A)   43,257,838 
 163,551     Danone   11,901,894 
 365,709     Diageo plc   13,957,801 
 182,622     Hershey Co   19,376,194 
 254,374     Kraft Heinz Co   12,225,214 
 1,095,603     Mondelez International, Inc   50,682,595 
 596,825  *  Monster Beverage Corp   34,162,263 
 323,774     PepsiCo, Inc   36,479,617 
       TOTAL FOOD, BEVERAGE & TOBACCO   339,111,964 
             
HEALTH CARE EQUIPMENT & SERVICES - 8.6%     
 1,026,706     Abbott Laboratories   74,929,004 
 184,179  n  Anthem, Inc   55,806,237 
 1,379,910  *  Boston Scientific Corp   52,643,567 
 84,845  *  DexCom, Inc   11,965,690 
 215,532  *,n  Edwards Lifesciences Corp   36,730,964 
2

TIAA-CREF FUNDS - Growth & Income Fund

 

SHARES      COMPANY  VALUE  
             
 159,933  *  Guardant Health, Inc  $6,451,697 
 177,123     HCA Holdings, Inc   24,696,260 
 403,458  *,n  Hologic, Inc   17,913,535 
 122,513     Humana, Inc   37,855,292 
 118,954  *  IDEXX Laboratories, Inc   25,311,032 
 88,137  *,n  Intuitive Surgical, Inc   46,152,059 
 89,793  *  iRhythm Technologies, Inc   7,632,405 
 292,519     Medtronic plc   25,855,754 
 112,235     STERIS Plc   12,801,524 
 308,099  n  Stryker Corp   54,709,139 
 98,283     Universal Health Services, Inc (Class B)   13,025,446 
 113,789  *,n  WellCare Health Plans, Inc   31,460,383 
 809,388  *  Wright Medical Group NV   24,152,138 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   560,092,126 
             
HOUSEHOLD & PERSONAL PRODUCTS - 1.7%
 187,313     Estee Lauder Cos (Class A)   25,553,239 
 873,866     Procter & Gamble Co   84,301,853 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   109,855,092 
             
INSURANCE - 3.1%
 825,911  *  Athene Holding Ltd   35,431,582 
 219,685  *  Berkshire Hathaway, Inc (Class B)   45,154,055 
 457,223     Chubb Ltd   60,833,520 
 825,231     Hartford Financial Services Group, Inc   38,719,838 
 226,411     Prudential Financial, Inc   20,861,510 
       TOTAL INSURANCE   201,000,505 
             
MATERIALS - 3.9%
 138,362     Christian Hansen Holding   13,139,667 
 1,335,618     DowDuPont, Inc   71,869,604 
 136,801     Ecolab, Inc   21,637,814 
 441,639     FMC Corp   35,242,792 
 421,996     Linde plc   68,789,568 
 514,113     Newmont Mining Corp   17,536,394 
 442,935     Nutrien Ltd   22,952,892 
       TOTAL MATERIALS   251,168,731 
             
MEDIA & ENTERTAINMENT - 10.0%
 174,707  *  Alphabet, Inc (Class C)   195,037,654 
 1,505,323     Comcast Corp (Class A)   55,049,662 
 618,843  *  Facebook, Inc   103,154,940 
 147,247  *,n  IAC/InterActiveCorp   31,110,346 
 222,707  *,n  NetFlix, Inc   75,609,026 
 301,646  *,n  Take-Two Interactive Software, Inc   31,838,735 
 463,675  *  Twitter, Inc   15,560,933 
 691,405     Viacom, Inc (Class B)   20,341,135 
 579,537     Vivendi Universal S.A.   14,777,594 
 727,456     Walt Disney Co   81,125,893 
 341,617  n  World Wrestling Entertainment, Inc (Class A)   28,128,744 
       TOTAL MEDIA & ENTERTAINMENT   651,734,662 
3

TIAA-CREF FUNDS - Growth & Income Fund

 

SHARES      COMPANY  VALUE  
                 
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.7%
 671,692     AbbVie, Inc  $53,930,150 
 496,196  *  Acadia Pharmaceuticals, Inc   11,303,345 
 267,971  *,e  Allogene Therapeutics, Inc   8,127,560 
 186,640  *  Biohaven Pharmaceutical Holding Co Ltd   7,109,118 
 212,130  *  BioMarin Pharmaceutical, Inc   20,824,802 
 146,102  *  Bluebird Bio, Inc   19,494,390 
 578,588     Bristol-Myers Squibb Co   28,564,890 
 298,699     Daiichi Sankyo Co Ltd   10,361,232 
 424,438     Eli Lilly & Co   50,873,139 
 163,067  *,n  Exact Sciences Corp   14,689,075 
 52,506  *  GW Pharmaceuticals plc (ADR)   7,495,232 
 137,172  *,n  Jazz Pharmaceuticals plc   17,268,583 
 87,193     Lonza Group AG.   23,036,224 
 1,064,883     Merck & Co, Inc   79,259,242 
 175,073  *,n  Nektar Therapeutics   7,412,591 
 172,043  *,n  Neurocrine Biosciences, Inc   15,177,633 
 114,474  *,n  PerkinElmer, Inc   10,359,897 
 1,671,983     Pfizer, Inc   70,975,678 
 123,674  *  Sage Therapeutics, Inc   17,634,676 
 316,287     Sanofi-Aventis   27,490,995 
 229,000     Takeda Pharmaceutical Co Ltd   9,245,472 
 1,729,501  *  Teva Pharmaceutical Industries Ltd (ADR)   34,330,595 
 140,088     Vifor Pharma AG.   17,829,578 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   562,794,097 
             
REAL ESTATE - 0.8%
 240,997     American Tower Corp   41,653,921 
 525,678     Outfront Media, Inc   10,907,819 
       TOTAL REAL ESTATE   52,561,740 
             
RETAILING - 5.8%
 106,347  *  Amazon.com, Inc   182,781,779 
 276,775     Best Buy Co, Inc   16,396,151 
 904,311  *  BJ’s Wholesale Club Holdings, Inc   23,792,422 
 477,577     Home Depot, Inc   87,649,707 
 231,282     Kohl’s Corp   15,886,761 
 315,437  n  Tiffany & Co   27,988,725 
 73,968  *,n  Ulta Beauty, Inc   21,592,739 
       TOTAL RETAILING   376,088,284 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.3%
 1,175,364  *,n  Advanced Micro Devices, Inc   28,690,635 
 51,260     Broadcom, Inc   13,750,495 
 337,756  *  Cree, Inc   17,033,035 
 1,069,640  n  Intel Corp   50,401,437 
 1,653,807     Marvell Technology Group Ltd   30,645,044 
 230,565     Monolithic Power Systems, Inc   29,180,306 
 310,305  n  NVIDIA Corp   44,606,344 
 523,490  n  QUALCOMM, Inc   25,923,225 
 186,598  e,n  Universal Display Corp   19,374,470 
4

TIAA-CREF FUNDS - Growth & Income Fund

 

SHARES      COMPANY  VALUE  
         
 160,723     Xilinx, Inc  $17,991,333 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   277,596,324 
             
SOFTWARE & SERVICES - 9.9%     
 183,479  *  Adobe, Inc   45,469,766 
 144,388     Dassault Systemes S.A.   18,096,375 
 990,322  *,n  First Data Corp   24,411,437 
 128,335  n  International Business Machines Corp   17,250,791 
 437,883     MasterCard, Inc (Class A)   92,450,238 
 2,150,187  n  Microsoft Corp   224,544,028 
 204,741  *  Nutanix, Inc   10,488,882 
 627,721  *  PayPal Holdings, Inc   55,716,516 
 85,242  *  Red Hat, Inc   15,159,437 
 400,618  *  salesforce.com, Inc   60,881,917 
 128,638  *,n  ServiceNow, Inc   28,302,933 
 668,463  *  Teradata Corp   29,666,388 
 501,347  *,n  Zscaler, Inc   24,250,154 
       TOTAL SOFTWARE & SERVICES   646,688,862 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 6.4%     
 1,189,080  n  Apple, Inc   197,910,475 
 2,276,767     Cisco Systems, Inc   107,668,312 
 417,425     Cognex Corp   18,992,837 
 415,502  n  Corning, Inc   13,819,597 
 308,857     Motorola, Inc   36,108,472 
 3,305,292     Nokia Corp   20,988,604 
 989,798  *  Pure Storage, Inc   17,727,282 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   413,215,579 
             
TELECOMMUNICATION SERVICES - 1.4%     
 1,336,940  n  AT&T, Inc   40,188,416 
 884,331     Verizon Communications, Inc   48,691,265 
       TOTAL TELECOMMUNICATION SERVICES   88,879,681 
             
TRANSPORTATION - 1.2%     
 686,381     CSX Corp   45,095,232 
 77,618  n  FedEx Corp   13,782,628 
 529,296  n  Knight-Swift Transportation Holdings, Inc   16,805,148 
       TOTAL TRANSPORTATION   75,683,008 
             
UTILITIES - 2.1%     
 274,491     Alliant Energy Corp   12,206,615 
 246,675     Ameren Corp   17,104,445 
 457,039     Evergy, Inc   26,197,475 
 843,654     FirstEnergy Corp   33,071,237 
 274,446  n  NextEra Energy, Inc   49,120,345 
       TOTAL UTILITIES   137,700,117 
             
       TOTAL COMMON STOCKS   6,485,993,653 
       (Cost $4,697,573,888)     
5

TIAA-CREF FUNDS - Growth & Income Fund

 

SHARES      COMPANY  VALUE  
         
PURCHASED OPTIONS - 0.0%   
         
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.0%   
 63,000     Intel Corp  $59,220 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   59,220 
             
SOFTWARE & SERVICES - 0.0%     
 30,000     Microsoft Corp   17,400 
       TOTAL SOFTWARE & SERVICES   17,400 
             
TELECOMMUNICATION SERVICES - 0.0%     
 86,500     AT&T, Inc   1,730 
       TOTAL TELECOMMUNICATION SERVICES   1,730 
             
       TOTAL PURCHASED OPTIONS   78,350 
       (Cost $140,990)     
             
PRINCIPAL      ISSUER  RATE  MATURITY
DATE
   
               
SHORT-TERM INVESTMENTS - 1.2%         
               
GOVERNMENT AGENCY DEBT - 0.5%         
$30,000,000     Federal Home Loan Bank (FHLB)   2.260%  02/01/19   30,000,000 
       TOTAL GOVERNMENT AGENCY DEBT           30,000,000 
                     
TREASURY DEBT - 0.3%             
 17,380,000     United States Treasury Bill   2.343   02/19/19   17,359,570 
       TOTAL TREASURY DEBT           17,359,570 
                     
SHARES     COMPANY             
                     
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.4%    
 28,505,861  c  State Street Navigator Securities Lending Government Money Market Portfolio     28,505,861 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES     28,505,861 
                     
       TOTAL SHORT-TERM INVESTMENTS           75,865,431 
       (Cost $75,865,526)             
       TOTAL INVESTMENTS - 101.0%           6,561,937,434 
       (Cost $4,773,580,404)             
       OTHER ASSETS & LIABILITIES, NET - (1.0)%        (64,228,398)
       NET ASSETS - 100.0%          $6,497,709,036 

 

       
    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 $27,291,999.
g   Security is exempt from registration under Rule 144(A) of the Securities Act of 1933. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 1/31/2019, the aggregate value of these securities was $20,000,193 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.
       
6

TIAA-CREF FUNDS - Growth & Income Fund

 

Purchased options outstanding as of January 31, 2019 were as follows (See Note 3):

 

Description/underlying investment  Number of contracts   Notional amount   Exercise price   Expiration date  Value 
AT&T, Inc, Call   865   $25,950   $31.50    02/08/19  $1,730 
Intel Corp, Call   630    54,130    50.00   04/18/19   59,220 
Microsoft Corp, Put   300    60,910    100.00   02/15/19   17,400 
Total   1,795   $140,990           $78,350 

 

Written options outstanding as of January 31, 2019 were as follows (See Note 3):

 

Description/underlying investment  Number of contracts   Notional amount   Exercise price   Expiration date  Value 
Activision Blizzard, Inc, Put   630   $(349,960)  $50.00    05/17/19  $(354,060)
Advanced Micro Devices, Inc, Put  865    (32,870)   17.00   02/15/19   (865)
Alibaba Group Holding Ltd, Put   240    (320,979)   140.00   04/18/19   (46,560)
Anthem, Inc, Put   160    (141,552)   250.00   03/15/19   (12,800)
Anthem, Inc, Put   160    (342,197)   260.00   06/21/19   (62,400)
Apple, Inc, Call   448    (125,886)   180.00   06/21/19   (231,616)
Apple, Inc, Call   224    (108,639)   175.00   07/19/19   (174,720)
Apple, Inc, Put   448    (75,711)   125.00   06/21/19   (39,424)
Apple, Inc, Put   224    (599,199)   160.00   01/17/20   (283,360)
Apple, Inc, Put   224    (828,196)   175.00   01/17/20   (449,120)
Apple, Inc, Put   224    (1,005,299)   185.00   01/17/20   (565,600)
Applied Materials, Inc, Put   630    (115,918)   32.00   04/18/19   (31,500)
Arista Networks, Inc, Put   160    (162,078)   180.00   06/21/19   (144,000)
AT&T, Inc, Put   1,258    (15,184)   28.50   02/08/19   (2,516)
Boeing Co/The Call   130    (18,195)   430.00   03/15/19   (10,010)
Boeing Co/The Put   130    (33,275)   345.00   03/15/19   (31,720)
Boeing Co/The Put   127    (358,091)   320.00   05/17/19   (54,610)
Broadridge Financial Solutions, Inc, Put  400    (78,267)   85.00   03/15/19   (22,000)
Celgene Corp, Put   500    (337,496)   70.00   04/18/19   (47,500)
Chipotle Mexican Grill, Inc, Put   80    (196,637)   405.00   03/15/19   (11,600)
Chipotle Mexican Grill, Inc, Put   80    (287,036)   420.00   06/21/19   (71,200)
Clovis Oncology, Inc, Put   104    (68,431)   20.00   04/18/19   (17,160)
CME Group, Inc, Put   200    (24,593)   170.00   03/08/19   (35,000)
Coherent, Inc, Put   235    (450,716)   115.00   08/16/19   (343,100)
ConAgra Brands, Inc, Put   553    (180,276)   24.00   06/21/19   (180,276)
ConAgra Brands, Inc, Put   553    (385,989)   28.00   09/20/19   (385,989)
Constellation Brands, Inc, Put   200    (127,991)   150.00   04/18/19   (36,600)
Constellation Brands, Inc, Put   175    (344,395)   165.00   01/17/20   (221,375)
Corning, Inc, Put   945    (21,735)   30.00   03/15/19   (21,735)
Costco Wholesale Corp, Put   160    (108,853)   195.00   06/21/19   (82,400)
CVS Health Corp, Put   500    (315,246)   65.00   08/16/19   (228,500)
Deckers Outdoor Corp, Call   235    (13,857)   145.00   02/15/19   (24,675)
Deckers Outdoor Corp, Put   235    (26,555)   100.00   02/15/19   (5,875)
Deere & Co, Put   235    (15,416)   135.00   02/15/19   (5,875)
DISH Network Corp, Put   510    (283,556)   32.50   09/20/19   (272,850)
DXC Technology Co, Put   235    (88,789)   50.00   03/15/19   (5,875)
DXC Technology Co, Put   118    (18,644)   55.00   03/15/19   (7,375)
DXC Technology Co, Put   117    (26,676)   57.50   03/15/19   (11,934)
Edwards Lifesciences Corp, Put   235    (19,027)   155.00   02/08/19   (19,027)
Exact Sciences Corp, Call   795    (197,130)   95.00   03/01/19   (321,975)
Exact Sciences Corp, Put   470    (40,889)   62.50   02/15/19   (15,275)
Exact Sciences Corp, Put   795    (236,880)   80.00   03/01/19   (222,600)
7

TIAA-CREF FUNDS - Growth & Income Fund

 

Description/underlying investment  Number of contracts   Notional amount   Exercise price   Expiration date  Value 
FedEx Corp, Call   200   $(145,198)  $185.00   06/21/19  $(176,000)
FedEx Corp, Put   157    (157,155)   200.00   04/18/19   (376,015)
First Data Corp, Put   865    (102,103)   17.00   04/18/19   (4,325)
Fiserv, Inc, Put   550    (29,700)   65.00   02/15/19   (3,300)
General Electric Co, Put   686    (99,469)   8.00   06/21/19   (18,522)
Hain Celestial Group, Inc, Put   1,100    (602,792)   23.00   01/17/20   (599,500)
Harris Corp, Put   275    (14,290)   125.00   02/15/19   (5,500)
HCA Healthcare, Inc, Put   275    (11,040)   120.00   02/01/19   (1,375)
Hologic, Inc, Put   500    (31,000)   35.00   02/15/19   (6,250)
IAC/InterActiveCorp, Put   240    (567,113)   185.00   07/19/19   (225,600)
Illumina, Inc, Put   160    (15,674)   247.50   02/08/19   (16,000)
Incyte Corp, Put   161    (64,196)   52.50   06/21/19   (12,880)
Ingredion, Inc, Put   152    (60,495)   90.00   04/18/19   (26,600)
Intel Corp, Call   786    (7,074)   55.00   04/18/19   (11,790)
Intel Corp, Put   786    (44,801)   41.00   04/18/19   (36,942)
International Business Machines Corp, Put   322    (395,224)   120.00   01/17/20   (223,790)
Intuitive Surgical, Inc, Put   63    (47,753)   480.00   02/15/19   (10,584)
Jazz Pharmaceuticals plc, Put   275    (394,621)   130.00   09/20/19   (402,875)
Knight-Swift Transportation Holdings, Inc, Put   945    (42,524)   25.00   02/15/19   (9,450)
Knight-Swift Transportation Holdings, Inc, Put   945    (177,932)   25.00   05/17/19   (66,150)
M&T Bank Corp, Put   235    (17,147)   160.00   02/15/19   (38,775)
McCormick & Co, Inc, Put   360    (55,079)   115.00   03/15/19   (35,640)
Microchip Technology, Inc, Put   500    (304,121)   65.00   04/18/19   (33,500)
Micron Technology, Inc, Put   630    (434,043)   40.00   04/18/19   (272,475)
Microsoft Corp, Call   400    (27,186)   110.00   02/15/19   (10,000)
Microsoft Corp, Put   400    (32,386)   95.00   02/15/19   (6,400)
Nektar Therapeutics, Put   400    (305,196)   41.00   05/17/19   (196,000)
NetFlix, Inc, Put   160    (24,480)   285.00   02/15/19   (8,960)
Neurocrine Biosciences, Inc, Put   475    (15,200)   65.00   03/15/19   (19,000)
NextEra Energy, Inc, Put   256    (13,824)   155.00   03/15/19   (8,960)
Northrop Grumman Corp, Put   51    (185,140)   290.00   05/17/19   (115,005)
Northrop Grumman Corp, Put   77    (303,087)   295.00   05/17/19   (184,030)
NVIDIA Corp, Call   235    (21,620)   155.00   02/08/19   (14,335)
NVIDIA Corp, Put   235    (153,213)   130.00   03/01/19   (77,785)
Parker-Hannifin Corp, Put   209    (108,584)   140.00   05/17/19   (41,800)
PerkinElmer, Inc, Put   475    (18,033)   80.00   02/15/19   (18,033)
PNC Financial Services Group, Inc, Put  320    (116,158)   110.00   05/17/19   (57,760)
PNC Financial Services Group, Inc, Put  320    (171,838)   115.00   05/17/19   (93,600)
PVH Corp, Call   240    (24,000)   120.00   02/15/19   (3,600)
PVH Corp, Put   240    (137,998)   90.00   03/15/19   (10,200)
PVH Corp, Put   240    (111,119)   95.00   06/21/19   (86,400)
PVH Corp, Put   240    (225,117)   100.00   06/21/19   (120,000)
QUALCOMM, Inc, Put   375    (250,497)   60.00   06/21/19   (436,875)
Rockwell Automation, Inc, Put   104    (66,351)   145.00   04/18/19   (11,700)
Roku, Inc, Put   475    (151,048)   30.00   02/15/19   (2,850)
ServiceNow, Inc, Call   220    (160,871)   250.00   05/17/19   (160,871)
ServiceNow, Inc, Put   220    (13,852)   155.00   02/08/19   (14,080)
ServiceNow, Inc, Put   220    (185,559)   200.00   05/17/19   (185,559)
8

TIAA-CREF FUNDS - Growth & Income Fund

 

Description/underlying investment  Number of contracts   Notional amount   Exercise price   Expiration date  Value 
Square, Inc, Put   660   $(29,700)  $59.00   02/08/19  $(7,920)
Stanley Black & Decker, Inc, Put  360    (29,750)   110.00   02/01/19   (1,800)
Stryker Corp, Put   235    (16,215)   150.00   02/15/19   (940)
Take-Two Interactive Software, Inc, Put   320    (32,960)   90.00   02/08/19   (19,200)
Tiffany & Co, Put   477    (461,730)   95.00   05/17/19   (479,385)
Tiffany & Co, Put   477    (1,110,442)   105.00   01/17/20   (1,008,855)
Tiffany & Co, Put   477    (1,289,314)   110.00   01/17/20   (1,175,805)
Ulta Beauty, Inc, Call   84    (17,401)   315.00   03/01/19   (12,390)
Ulta Beauty, Inc, Put   84    (7,314)   255.00   02/22/19   (3,570)
United Parcel Service, Inc, Put   320    (119,438)   95.00   04/18/19   (40,640)
Universal Display Corp, Put   400    (52,399)   75.00   03/01/19   (23,000)
WABCO Holdings, Inc, Put   330    (66,329)   95.00   06/21/19   (62,700)
WABCO Holdings, Inc, Put   320    (279,356)   105.00   06/21/19   (123,200)
WellCare Health Plans, Inc, Call   157    (198,505)   350.00   03/15/19   (12,952)
WellCare Health Plans, Inc, Put   157    (40,500)   250.00   02/15/19   (31,007)
WellCare Health Plans, Inc, Put   157    (161,388)   250.00   06/21/19   (142,085)
WellCare Health Plans, Inc, Put   157    (341,151)   280.00   06/21/19   (330,485)
World Wrestling Entertainment, Inc, Put   470    (33,370)   60.00   02/15/19   (10,810)
Zscaler, Inc, Put   630    (28,958)   40.00   02/15/19   (16,380)
Total   38,974   $(19,487,430)          $(13,113,417)
9

TIAA-CREF FUNDS - Large-Cap Growth Fund

 

TIAA-CREF FUNDS

LARGE-CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES     COMPANY  VALUE 
           
COMMON STOCKS - 99.1%     
             
AUTOMOBILES & COMPONENTS - 0.6%     
 107,516  *  Tesla, Inc  $33,009,562 
       TOTAL AUTOMOBILES & COMPONENTS   33,009,562 
             
CAPITAL GOODS - 6.3%     
 491,156     Airbus SE   56,610,628 
 271,601     Boeing Co   104,734,777 
 178,585  *  Middleby Corp   21,005,168 
 125,719     Northrop Grumman Corp   34,641,870 
 232,290     Parker-Hannifin Corp   38,283,715 
 111,165     Roper Industries, Inc   31,488,598 
 144,638     W.W. Grainger, Inc   42,724,619 
       TOTAL CAPITAL GOODS   329,489,375 
             
COMMERCIAL & PROFESSIONAL SERVICES - 1.4%     
 68,003  *  CoStar Group, Inc   26,571,492 
 682,440  *  IHS Markit Ltd   35,432,285 
 474,169     Nielsen NV   12,176,660 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   74,180,437 
             
CONSUMER DURABLES & APPAREL - 2.7%     
 1,137,538     Nike, Inc (Class B)   93,141,611 
 1,244,853     Tapestry, Inc   48,188,260 
       TOTAL CONSUMER DURABLES & APPAREL   141,329,871 
             
CONSUMER SERVICES - 0.8%     
 60,369  *  Chipotle Mexican Grill, Inc (Class A)   31,972,026 
 99,688     Marriott International, Inc (Class A)   11,417,267 
       TOTAL CONSUMER SERVICES   43,389,293 
             
DIVERSIFIED FINANCIALS - 1.2%     
 832,976     IntercontinentalExchange Group, Inc   63,939,238 
       TOTAL DIVERSIFIED FINANCIALS   63,939,238 
             
ENERGY - 0.3%     
 25,848     EOG Resources, Inc   2,564,122 
 715,476  *  Parsley Energy, Inc   13,293,544 
       TOTAL ENERGY   15,857,666 
             
FOOD & STAPLES RETAILING - 0.2%     
 107,190     Walmart, Inc   10,272,018 
       TOTAL FOOD & STAPLES RETAILING   10,272,018 
             
FOOD, BEVERAGE & TOBACCO - 1.4%     
 300,091     Constellation Brands, Inc (Class A)   52,113,803 
10

TIAA-CREF FUNDS - Large-Cap Growth Fund

 

SHARES     COMPANY  VALUE 
             
 348,664  *  Monster Beverage Corp  $19,957,527 
       TOTAL FOOD, BEVERAGE & TOBACCO   72,071,330 
             
HEALTH CARE EQUIPMENT & SERVICES - 4.3%     
 50,877  *  DexCom, Inc   7,175,183 
 344,800  *  Edwards Lifesciences Corp   58,760,816 
 206,324  *  Intuitive Surgical, Inc   108,039,499 
 265,843     Stryker Corp   47,205,742 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   221,181,240 
             
HOUSEHOLD & PERSONAL PRODUCTS - 0.8%     
 403,996     Procter & Gamble Co   38,973,494 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   38,973,494 
             
MATERIALS - 3.0%     
 177,258     Albemarle Corp   14,310,038 
 460,646     Linde plc   75,089,905 
 163,064     Sherwin-Williams Co   68,734,737 
       TOTAL MATERIALS   158,134,680 
             
MEDIA & ENTERTAINMENT - 17.1%     
 921,211     Activision Blizzard, Inc   43,518,007 
 148,628  *  Alphabet, Inc (Class A)   167,338,779 
 163,827  *  Alphabet, Inc (Class C)   182,891,548 
 1,374,502  *  Facebook, Inc   229,115,738 
 417,261  *  IAC/InterActiveCorp   88,158,904 
 293,660  *  NetFlix, Inc   99,697,570 
 914,955  *  Twitter, Inc   30,705,890 
 404,559     Walt Disney Co   45,116,420 
       TOTAL MEDIA & ENTERTAINMENT   886,542,856 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.4%     
 359,865  *  Alexion Pharmaceuticals, Inc   44,249,001 
 359,133  *  BioMarin Pharmaceutical, Inc   35,256,087 
 422,083     Eli Lilly & Co   50,590,868 
 657,815     Gilead Sciences, Inc   46,053,628 
 176,733  *  Illumina, Inc   49,448,126 
 304,361  *  Incyte Corp   24,528,453 
 318,229  *  Jazz Pharmaceuticals plc   40,061,849 
 230,770     Johnson & Johnson   30,710,872 
 154,724     Lonza Group AG.   40,877,786 
 723,400     Merck & Co, Inc   53,842,662 
 272,895  *  QIAGEN NV   10,105,302 
 1,812,350     Takeda Pharmaceutical Co Ltd (ADR)   36,192,629 
 283,196     Zoetis, Inc   24,400,167 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   486,317,430 
             
RETAILING - 11.6%     
 61,919  *  Alibaba Group Holding Ltd (ADR)   10,432,732 
 170,164  *  Amazon.com, Inc   292,465,972 
 715,547     Expedia, Inc   85,328,980 
11

TIAA-CREF FUNDS - Large-Cap Growth Fund

 

SHARES     COMPANY  VALUE 
           
 492,998     Home Depot, Inc  $90,479,923 
 100,926     Kering   50,616,656 
 381,664     Kohl’s Corp   26,216,500 
 157,071  *  Ulta Beauty, Inc   45,852,166 
       TOTAL RETAILING   601,392,929 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.5%     
 137,175     Lam Research Corp   23,262,136 
 288,745     NVIDIA Corp   41,507,094 
 566,338     Xilinx, Inc   63,395,876 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   128,165,106 
             
SOFTWARE & SERVICES - 27.4%     
 527,145  *  Adobe, Inc   130,637,074 
 16,953  *,g  Adyen NV   12,579,526 
 809,112  *  Akamai Technologies, Inc   52,673,191 
 743,977     Automatic Data Processing, Inc   104,037,744 
 386,599  *  GoDaddy, Inc   26,532,289 
 638,321     Intuit, Inc   137,762,438 
 830,424     MasterCard, Inc (Class A)   175,327,419 
 2,922,998     Microsoft Corp   305,248,681 
 119,968  *  Palo Alto Networks, Inc   25,771,526 
 1,196,314  *  PayPal Holdings, Inc   106,184,831 
 67,132  *  Red Hat, Inc   11,938,755 
 1,024,365  *  salesforce.com, Inc   155,672,749 
 286,163  *  ServiceNow, Inc   62,961,583 
 75     TiVo Corp   835 
 861,837     Visa, Inc (Class A)   116,356,614 
       TOTAL SOFTWARE & SERVICES   1,423,685,255 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 7.0%     
 974,519     Apple, Inc   162,198,942 
 270,013  *  Arista Networks, Inc   57,993,392 
 1,399,532     Cisco Systems, Inc   66,183,868 
 388,228     Motorola, Inc   45,387,736 
 5,232,992     Nokia Corp   33,229,499 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   364,993,437 
             
TELECOMMUNICATION SERVICES - 1.1%     
 721,001     Softbank Corp   56,788,724 
       TOTAL TELECOMMUNICATION SERVICES   56,788,724 
             
       TOTAL COMMON STOCKS   5,149,713,941 
       (Cost $3,437,831,877)     
             
PRINCIPAL     ISSUER  RATE  MATURITY
DATE
    
                  
SHORT-TERM INVESTMENTS - 1.5%           
            
GOVERNMENT AGENCY DEBT - 0.7%           
$36,050,000     Federal Home Loan Bank (FHLB)   2.260%  02/01/19   36,050,000 
       TOTAL GOVERNMENT AGENCY DEBT           36,050,000 
12

TIAA-CREF FUNDS - Large-Cap Growth Fund

 

PRINCIPAL     ISSUER  RATE  MATURITY
DATE
  VALUE 
                   
TREASURY DEBT - 0.8%             
$12,700,000     United States Treasury Bill   2.321%  02/07/19  $12,695,207 
 17,460,000     United States Treasury Bill   2.322   02/12/19   17,447,622 
 11,915,000     United States Treasury Bill   2.308   02/19/19   11,900,994 
       TOTAL TREASURY DEBT           42,043,823 
              
                     
       TOTAL SHORT-TERM INVESTMENTS           78,093,823 
       (Cost $78,128,968)             
       TOTAL INVESTMENTS - 100.6%           5,227,807,764 
       (Cost $3,515,960,845)             
       OTHER ASSETS & LIABILITIES, NET - (0.6)%           (30,193,593)
       NET ASSETS - 100.0%          $5,197,614,171 

 

       
    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 1/31/2019, the aggregate value of these securities was $12,579,526 or 0.2% of net assets.
       
13

TIAA-CREF FUNDS - Large-Cap Value Fund

 

TIAA-CREF FUNDS

LARGE-CAP VALUE FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES      COMPANY  VALUE  
             
COMMON STOCKS - 99.2%     
             
BANKS - 15.9%     
 8,087,405     Bank of America Corp  $230,248,420 
 3,096,250     Citigroup, Inc   199,584,275 
 465,000     Comerica, Inc   36,614,100 
 2,745,000     JPMorgan Chase & Co   284,107,500 
 470,000     PNC Financial Services Group, Inc   57,654,900 
 2,730,000     Wells Fargo & Co   133,524,300 
 560,000     Zions Bancorporation   26,650,400 
       TOTAL BANKS   968,383,895 
             
CAPITAL GOODS - 8.9%     
 490,000     Allegion plc   42,071,400 
 495,400     Deere & Co   81,245,600 
 580,000     Dover Corp   50,941,400 
 2,229,300     General Electric Co   22,649,688 
 668,790     Honeywell International, Inc   96,058,308 
 800,000     Ingersoll-Rand plc   80,032,000 
 1,634,820     Masco Corp   52,984,516 
 350,000     Parker-Hannifin Corp   57,683,500 
 485,000     Stanley Black & Decker, Inc   61,323,400 
       TOTAL CAPITAL GOODS   544,989,812 
             
CONSUMER DURABLES & APPAREL - 0.9%     
 20,311  *  NVR, Inc   54,027,260 
       TOTAL CONSUMER DURABLES & APPAREL   54,027,260 
             
DIVERSIFIED FINANCIALS - 3.0%     
 408,705     American Express Co   41,974,004 
 1,139,420     Bank of New York Mellon Corp   59,614,454 
 421,090     Goldman Sachs Group, Inc   83,380,031 
       TOTAL DIVERSIFIED FINANCIALS   184,968,489 
             
ENERGY - 10.6%     
 570,699  *  Apergy Corp   19,186,900 
 1,510,000     Chevron Corp   173,121,500 
 805,025  *  Concho Resources, Inc   96,474,196 
 594,480     Diamondback Energy, Inc   61,302,778 
 1,380,000     EOG Resources, Inc   136,896,000 
 916,490     Exxon Mobil Corp   67,160,387 
 520,170     National Oilwell Varco, Inc   15,334,612 
 693,560     Occidental Petroleum Corp   46,315,937 
 700,000     Schlumberger Ltd   30,947,000 
       TOTAL ENERGY   646,739,310 
14

TIAA-CREF FUNDS - Large-Cap Value Fund

 

SHARES      COMPANY  VALUE  
             
FOOD & STAPLES RETAILING - 0.7%     
 440,047     Walmart, Inc  $42,169,704 
       TOTAL FOOD & STAPLES RETAILING   42,169,704 
             
FOOD, BEVERAGE & TOBACCO - 2.4%     
 1,362,350     Mondelez International, Inc   63,022,311 
 1,052,725     Philip Morris International, Inc   80,765,062 
       TOTAL FOOD, BEVERAGE & TOBACCO   143,787,373 
             
HEALTH CARE EQUIPMENT & SERVICES - 9.7%     
 910,000     Abbott Laboratories   66,411,800 
 410,000     Anthem, Inc   124,230,000 
 450,000     Cigna Corp   89,914,500 
 1,066,000     CVS Health Corp   69,876,300 
 272,470     HCA Holdings, Inc   37,990,492 
 631,635     Medtronic plc   55,830,218 
 314,318     UnitedHealth Group, Inc   84,928,724 
 544,940     Zimmer Biomet Holdings, Inc   59,703,626 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   588,885,660 
             
HOUSEHOLD & PERSONAL PRODUCTS - 2.3%     
 1,486,200     Procter & Gamble Co   143,373,714 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   143,373,714 
             
INSURANCE - 6.7%     
 1,733,900     American International Group, Inc   74,956,497 
 557,325  *  Berkshire Hathaway, Inc (Class B)   114,552,580 
 670,000     Chubb Ltd   89,143,500 
 850,000     Lincoln National Corp   49,716,500 
 433,475     Marsh & McLennan Cos, Inc   38,228,160 
 433,475     Prudential Financial, Inc   39,940,387 
       TOTAL INSURANCE   406,537,624 
             
MATERIALS - 4.3%     
 1,100,000     Ball Corp   57,508,000 
 1,139,420  *  Crown Holdings, Inc   58,110,420 
 2,043,525     DowDuPont, Inc   109,962,080 
 360,000     PPG Industries, Inc   37,958,400 
       TOTAL MATERIALS   263,538,900 
             
MEDIA & ENTERTAINMENT - 3.0%     
 4,210,900     Comcast Corp (Class A)   153,992,613 
 270,000     Walt Disney Co   30,110,400 
       TOTAL MEDIA & ENTERTAINMENT   184,103,013 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.8%     
 185,775     Amgen, Inc   34,760,360 
 410,000     Gilead Sciences, Inc   28,704,100 
 125,000  *  Jazz Pharmaceuticals plc   15,736,250 
 1,398,722     Johnson & Johnson   186,141,924 
 1,634,463     Merck & Co, Inc   121,653,081 
 3,470,000     Pfizer, Inc   147,301,500 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   534,297,215 
15

TIAA-CREF FUNDS - Large-Cap Value Fund

 

SHARES      COMPANY              VALUE  
                         
RETAILING - 1.1%                 
 361,468     Home Depot, Inc              $66,340,222 
       TOTAL RETAILING               66,340,222 
                         
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.4%                 
 557,325     Applied Materials, Inc              21,780,261 
 200,000     Broadcom, Inc               53,650,000 
 2,185,000     Intel Corp               102,957,200 
 322,010     NXP Semiconductors NV               28,024,530 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT               206,411,991 
                         
SOFTWARE & SERVICES - 4.6%                 
 383,935     Accenture plc               58,953,219 
 866,950     DXC Technology Co               55,588,834 
 900,000     Microsoft Corp               93,987,000 
 1,500,000     Oracle Corp               75,345,000 
       TOTAL SOFTWARE & SERVICES               283,874,053 
                         
TECHNOLOGY HARDWARE & EQUIPMENT - 3.8%                 
 3,802,195     Cisco Systems, Inc               179,805,802 
 630,000     TE Connectivity Ltd               50,998,500 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT               230,804,302 
                         
TELECOMMUNICATION SERVICES - 2.8%                 
 1,486,200     AT&T, Inc               44,675,172 
 2,291,225     Verizon Communications, Inc               126,154,848 
       TOTAL TELECOMMUNICATION SERVICES               170,830,020 
                         
TRANSPORTATION - 1.9%                 
 726,667 *,†,b,m   AMR Corporation               7,267 
 495,400     CSX Corp               32,547,780 
 532,555     Union Pacific Corp               84,713,525 
       TOTAL TRANSPORTATION               117,268,572 
                         
UTILITIES - 4.4%                 
 619,250     American Electric Power Co, Inc               48,995,060 
 520,000     Entergy Corp               46,378,800 
 1,620,000     FirstEnergy Corp               63,504,000 
 405,000     NextEra Energy, Inc               72,486,900 
 309,625     Sempra Energy               36,219,932 
       TOTAL UTILITIES               267,584,692 
                         
       TOTAL COMMON STOCKS               6,048,915,821 
       (Cost $5,467,577,646)                 
                 
PRINCIPAL      ISSUER  RATE  MATURITY
DATE
   
                       
SHORT-TERM INVESTMENTS - 0.8%             
                       
GOVERNMENT AGENCY DEBT - 0.6%             
$ 35,600,000      Federal Home Loan Bank (FHLB)   2.260%  02/01/19   35,600,000 
         TOTAL GOVERNMENT AGENCY DEBT           35,600,000 
16

TIAA-CREF FUNDS - Large-Cap Value Fund

 

PRINCIPAL      ISSUER  RATE  MATURITY
DATE
  VALUE  
                       
TREASURY DEBT - 0.2%             
$14,935,000     United States Treasury Bill   2.321%  02/07/19  $14,929,364 
       TOTAL TREASURY DEBT           14,929,364 
                     
       TOTAL SHORT-TERM INVESTMENTS           50,529,364 
       (Cost $50,529,224)             
       TOTAL INVESTMENTS - 100.0%           6,099,445,185 
       (Cost $5,518,106,870)             
       OTHER ASSETS & LIABILITIES, NET - 0.0%           283,453 
       NET ASSETS - 100.0%          $6,099,728,638 

 

       
*   Non-income producing
  Security is categorized as Level 3 in the fair value hierarchy.
b   In bankruptcy
m   Indicates a security that has been deemed illiquid.
17

TIAA-CREF FUNDS - Mid-Cap Growth Fund

 

TIAA-CREF FUNDS

MID-CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES     COMPANY  VALUE 
           
COMMON STOCKS - 97.5%   
             
AUTOMOBILES & COMPONENTS - 1.3%     
 219,695     Aptiv plc  $17,384,465 
       TOTAL AUTOMOBILES & COMPONENTS   17,384,465 
             
BANKS - 1.6%    
 279,584     Citizens Financial Group, Inc   9,483,489 
 52,644  *  SVB Financial Group   12,286,057 
       TOTAL BANKS   21,769,546 
             
CAPITAL GOODS - 11.2%     
 163,188     Fastenal Co   9,866,346 
 317,907     Fortive Corp   23,839,846 
 120,078     Harris Corp   18,393,548 
 175,157     Ingersoll-Rand plc   17,522,706 
 234,878     ITT, Inc   12,345,188 
 411,859     Masco Corp   13,348,350 
 118,218     Owens Corning, Inc   6,193,441 
 43,161     Rockwell Automation, Inc   7,316,653 
 38,480     Roper Industries, Inc   10,899,845 
 49,071     TransDigm Group, Inc   19,186,761 
 52,201     W.W. Grainger, Inc   15,419,654 
       TOTAL CAPITAL GOODS   154,332,338 
             
COMMERCIAL & PROFESSIONAL SERVICES - 1.7%     
 84,644  *  Verisk Analytics, Inc   9,938,052 
 170,220     Waste Connections, Inc   14,223,583 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   24,161,635 
             
CONSUMER DURABLES & APPAREL - 2.1%     
 53,408  *  Lululemon Athletica, Inc   7,894,236 
 210,732     Tapestry, Inc   8,157,436 
 156,568     VF Corp   13,178,329 
       TOTAL CONSUMER DURABLES & APPAREL   29,230,001 
             
CONSUMER SERVICES - 3.3%     
 313,460     Melco Crown Entertainment Ltd (ADR)   6,764,467 
 203,854  *  Penn National Gaming, Inc   4,941,421 
 208,772  *  Planet Fitness, Inc   12,092,074 
 158,536     Restaurant Brands International, Inc   9,932,280 
 98,716     Royal Caribbean Cruises Ltd   11,850,856 
       TOTAL CONSUMER SERVICES   45,581,098 
             
DIVERSIFIED FINANCIALS - 4.3%     
 144,506     Evercore Partners, Inc (Class A)   12,926,062 
 272,672  n  iShares Russell Midcap Growth Index Fund   34,520,275 
18

TIAA-CREF FUNDS - Mid-Cap Growth Fund

 

SHARES     COMPANY  VALUE 
             
 271,201     Voya Financial, Inc  $12,591,862 
       TOTAL DIVERSIFIED FINANCIALS   60,038,199 
             
ENERGY - 2.0%     
 74,074     Diamondback Energy, Inc   7,638,511 
 122,928     ONEOK, Inc   7,893,207 
 655,398  *  Parsley Energy, Inc   12,177,295 
       TOTAL ENERGY   27,709,013 
             
HEALTH CARE EQUIPMENT & SERVICES - 7.4%     
 26,105  *  Abiomed, Inc   9,164,682 
 44,566  *  Align Technology, Inc   11,094,706 
 114,221  *  Centene Corp   14,913,836 
 183,180  *  Edwards Lifesciences Corp   31,217,536 
 16,351  *  Guardant Health, Inc   659,599 
 91,893  *  Insulet Corp   7,460,793 
 85,848  *  iRhythm Technologies, Inc   7,297,080 
 97,454  *,e  Teladoc, Inc   6,256,547 
 53,165  *  WellCare Health Plans, Inc   14,699,059 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   102,763,838 
             
HOUSEHOLD & PERSONAL PRODUCTS - 0.5%     
 102,829     Church & Dwight Co, Inc   6,643,782 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   6,643,782 
             
INSURANCE - 1.5%     
 189,012  *  Athene Holding Ltd   8,108,615 
 460,330  *,e  Trupanion, Inc   12,221,761 
       TOTAL INSURANCE   20,330,376 
             
MATERIALS - 3.6%     
 292,908  *  Crown Holdings, Inc   14,938,308 
 457,842     Olin Corp   10,809,650 
 617,203     Tronox Ltd   5,406,698 
 177,442     Vulcan Materials Co   18,036,979 
       TOTAL MATERIALS   49,191,635 
             
MEDIA & ENTERTAINMENT - 5.5%     
 582,509  *  ANGI Homeservices, Inc   9,902,653 
 180,033     CBS Corp (Class B)   8,904,432 
 97,385  *  IAC/InterActiveCorp   20,575,503 
 93,846  *  Take-Two Interactive Software, Inc   9,905,445 
 196,603  *  Twitter, Inc   6,597,997 
 132,059     World Wrestling Entertainment, Inc (Class A)   10,873,738 
 2,156,128  *  Zynga, Inc   9,659,453 
       TOTAL MEDIA & ENTERTAINMENT   76,419,221 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 6.0%     
 39,555  *,e  Allogene Therapeutics, Inc   1,199,703 
 131,110  *  Biohaven Pharmaceutical Holding Co Ltd   4,993,980 
19

TIAA-CREF FUNDS - Mid-Cap Growth Fund

 

SHARES     COMPANY  VALUE 
             
 195,382  *  BioMarin Pharmaceutical, Inc  $19,180,651 
 625,223  *  Coherus Biosciences, Inc   8,415,502 
 211,488  *  Exact Sciences Corp   19,050,839 
 86,000  *  Incyte Corp   6,930,740 
 128,933  *  Jazz Pharmaceuticals plc   16,231,375 
 74,629  *  Neurocrine Biosciences, Inc   6,583,770 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   82,586,560 
             
RETAILING - 10.2%     
 77,543  *  Burlington Stores, Inc   13,314,909 
 69,075  *  CarMax, Inc   4,060,229 
 129,099     Dollar General Corp   14,901,898 
 127,025     Expedia, Inc   15,147,731 
 270,983  *  Farfetch Ltd   5,460,307 
 69,581  *  O’Reilly Automotive, Inc   23,981,787 
 275,317     Ross Stores, Inc   25,362,202 
 95,643     Tiffany & Co   8,486,403 
 177,364     Tractor Supply Co   15,146,886 
 52,614  *  Ulta Beauty, Inc   15,359,079 
       TOTAL RETAILING   141,221,431 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.9%     
 692,682  *,n  Advanced Micro Devices, Inc   16,908,368 
 114,182  *  Cree, Inc   5,758,198 
 212,304  e  Microchip Technology, Inc   17,062,872 
 127,552     Xilinx, Inc   14,278,171 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   54,007,609 
             
SOFTWARE & SERVICES - 24.8%     
 257,083  *  Anaplan, Inc   8,069,835 
 64,711  *  Autodesk, Inc   9,525,459 
 116,756  *  EPAM Systems, Inc   16,518,639 
 103,919     Fidelity National Information Services, Inc   10,862,653 
 226,956  *  Fiserv, Inc   18,821,461 
 107,280  *  FleetCor Technologies, Inc   21,650,177 
 380,626  *,e  GDS Holdings Ltd (ADR)   10,809,778 
 96,745     Global Payments, Inc   10,862,529 
 210,974  *  GoDaddy, Inc   14,479,146 
 57,395  *,n  HubSpot, Inc   9,086,202 
 50,447  *  New Relic, Inc   5,127,938 
 114,375  *  Nutanix, Inc   5,859,431 
 51,128  *  Palo Alto Networks, Inc   10,983,317 
 107,158  *  Pluralsight, Inc   3,212,597 
 159,704  *  Proofpoint, Inc   16,269,046 
 220,343  *  RealPage, Inc   12,288,529 
 107,758  *  Red Hat, Inc   19,163,683 
 129,313  *  RingCentral, Inc   11,953,694 
 154,310  *,n  ServiceNow, Inc   33,951,286 
 57,403  *  Shopify, Inc (Class A)   9,670,683 
 240,417  *  Smartsheet, Inc   7,544,286 
 100,459  *  Splunk, Inc   12,541,302 
20

TIAA-CREF FUNDS - Mid-Cap Growth Fund

 

SHARES     COMPANY              VALUE 
                         
 62,626  *,n  Square, Inc              $4,468,365 
 51,683  *  Tableau Software, Inc               6,607,155 
 114,255     Total System Services, Inc               10,238,391 
 18,769  *  Trade Desk, Inc               2,677,961 
 76,676  *  Workday, Inc               13,918,994 
 156,976  *  Worldpay, Inc               13,104,356 
 129,262  *  Zendesk, Inc               8,729,063 
 73,730  *  Zscaler, Inc               3,566,320 
       TOTAL SOFTWARE & SERVICES               342,562,276 
                         
TECHNOLOGY HARDWARE & EQUIPMENT - 5.1%                 
 257,473     Amphenol Corp (Class A)               22,637,026 
 73,944  *,n  Arista Networks, Inc               15,881,692 
 220,054  *  Lumentum Holdings, Inc               10,762,841 
 115,972     Motorola, Inc               13,558,287 
 197,807  *  Trimble Navigation Ltd               7,449,412 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT               70,289,258 
                         
TRANSPORTATION - 1.5%                 
 116,078     JB Hunt Transport Services, Inc               12,424,989 
 102,209  *  Kirby Corp               7,656,476 
       TOTAL TRANSPORTATION               20,081,465 
                         
       TOTAL COMMON STOCKS               1,346,303,746 
       (Cost $1,101,892,877)                 
                         
PURCHASED OPTIONS - 0.1%                 
                         
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.0%                 
 350,000     Advanced Micro Devices, Inc               10,500 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   10,500 
                         
SOFTWARE & SERVICES - 0.1%                 
 57,300     HubSpot, Inc               143,250 
 75,000     Square, Inc               712,500 
       TOTAL SOFTWARE & SERVICES               855,750 
                         
TECHNOLOGY HARDWARE & EQUIPMENT - 0.0%                 
 20,000     Arista Networks, Inc               161,000 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT               161,000 
                         
       TOTAL PURCHASED OPTIONS               1,027,250 
       (Cost $1,486,798)                 
                  
PRINCIPAL     ISSUER  RATE  MATURITY
DATE
     
                        
SHORT-TERM INVESTMENTS - 3.6%             
                     
GOVERNMENT AGENCY DEBT - 1.4%             
$19,450,000     Federal Home Loan Bank (FHLB)   2.260%  02/01/19   19,450,000 
       TOTAL GOVERNMENT AGENCY DEBT           19,450,000 
21

TIAA-CREF FUNDS - Mid-Cap Growth Fund

 

SHARES     COMPANY  VALUE 
             
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.2%     
 30,452,084  c   State Street Navigator Securities Lending Government Money Market Portfolio  $30,452,084 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   30,452,084 
             
       TOTAL SHORT-TERM INVESTMENTS   49,902,084 
       (Cost $49,902,084)     
       TOTAL INVESTMENTS - 101.2%   1,397,233,080 
       (Cost $1,153,281,759)     
       OTHER ASSETS & LIABILITIES, NET - (1.2)%   (16,777,241)
       NET ASSETS - 100.0%  $1,380,455,839 

 

       
    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 $30,711,743.
n   All or a portion of these securities have been segregated by the custodian to cover requirements on open written options contracts.

 

       

Purchased options outstanding as of January 31, 2019 were as follows (See Note 3):

 

Description/underlying investment  Number of contracts  Notional amount   Exercise price   Expiration date  Value 
Advanced Micro Devices, Inc, Put  3,500  $448,120   $20.50    02/01/19  $10,500 
Arista Networks, Inc, Call  200   230,478    230.00   03/15/19   161,000 
HubSpot, Inc, Put  573   328,575    145.00   02/15/19   143,250 
Square, Inc, Call  750   479,625    65.00   03/15/19   712,500 
Total  5,023  $1,486,798           $1,027,250 
                      
Written options outstanding as of January 31, 2019 were as follows (See Note 3):         
          
Description/underlying investment  Number of contracts   Notional amount    Exercise price   Expiration date   Value 
Advanced Micro Devices, Inc, Call  3,500  $(339,375)  $23.00    02/22/19  $(798,000)
Advanced Micro Devices, Inc, Put  3,500   (174,878)   18.50   02/01/19   (3,500)
Arista Networks, Inc, Call  200   (105,523)   250.00   03/15/19   (59,000)
Arista Networks, Inc, Call  200   (67,215)   260.00   03/15/19   (33,000)
Arista Networks, Inc, Put  200   (63,631)   170.00   03/15/19   (39,000)
HubSpot, Inc, Call  573   (201,773)   160.00   02/15/19   (336,924)
HubSpot, Inc, Put  573   (215,434)   140.00   02/15/19   (90,534)
ServiceNow, Inc, Call  250   (65,794)   225.00   02/01/19   (65,794)
Square, Inc, Call  750   (238,497)   75.00   03/15/19   (310,500)
Square, Inc, Put  750   (298,496)   55.00   03/15/19   (66,000)
United Rentals, Inc, Put  500   (223,997)   90.00   03/15/19   (17,500)
Total  10,996  $(1,994,613)          $(1,819,752)
22

TIAA-CREF FUNDS - Mid-Cap Value Fund

 

TIAA-CREF FUNDS

MID-CAP VALUE FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES     COMPANY  VALUE 
             
COMMON STOCKS - 98.4%     
             
AUTOMOBILES & COMPONENTS - 1.7%     
 211,473     Aptiv plc  $16,733,858 
 250,742     Lear Corp   38,596,716 
       TOTAL AUTOMOBILES & COMPONENTS   55,330,574 
             
BANKS - 7.5%     
 174,488     Chemical Financial Corp   7,757,736 
 156,128     CIT Group, Inc   7,211,552 
 402,394     Citizens Financial Group, Inc   13,649,204 
 285,106     Comerica, Inc   22,449,247 
 591,050     East West Bancorp, Inc   29,741,636 
 169,223     First Republic Bank   16,352,019 
 562,956     Hilltop Holdings, Inc   10,364,020 
 2,753,547     Huntington Bancshares, Inc   36,456,962 
 658,465     Keycorp   10,844,919 
 116,175     M&T Bank Corp   19,115,435 
 580,729     Regions Financial Corp   8,809,659 
 386,608     SunTrust Banks, Inc   22,972,247 
 331,058     Synovus Financial Corp   11,726,074 
 65,892     TCF Financial Corp   1,460,167 
 597,191     Zions Bancorporation   28,420,320 
       TOTAL BANKS   247,331,197 
             
CAPITAL GOODS - 7.7%     
 504,867     Arconic, Inc   9,501,597 
 995,393     CNH Industrial NV   9,864,344 
 139,470     Crane Co   11,542,537 
 134,034     Cummins, Inc   19,717,742 
 525,554  *  Evoqua Water Technologies Corp   5,681,239 
 269,784     Hexcel Corp   18,267,074 
 278,165     Ingersoll-Rand plc   27,827,626 
 589,903     ITT, Inc   31,005,302 
 287,078     L3 Technologies, Inc   56,519,917 
 476,780     Masco Corp   15,452,440 
 234,288  *  SPX FLOW, Inc   7,677,618 
 67,147     Stanley Black & Decker, Inc   8,490,067 
 229,270     Textron, Inc   12,204,042 
 615,785     Triumph Group, Inc   10,991,762 
 86,887  *  WABCO Holdings, Inc   9,925,102 
       TOTAL CAPITAL GOODS   254,668,409 
    
COMMERCIAL & PROFESSIONAL SERVICES - 0.4%   
 288,843  *  Stericycle, Inc   12,732,199 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   12,732,199 
23

TIAA-CREF FUNDS - Mid-Cap Value Fund

 

SHARES     COMPANY  VALUE 
      
CONSUMER DURABLES & APPAREL - 3.8%     
 463,556  *  Capri Holdings Ltd  $19,691,859 
 611,635     Hanesbrands, Inc   9,168,408 
 555,558     Lennar Corp (Class A)   26,344,560 
 167,453  *  Mohawk Industries, Inc   21,566,272 
 1,077,107     Newell Rubbermaid, Inc   22,845,440 
 5,698  *  NVR, Inc   15,156,680 
 216,443  *  Tempur Sealy International, Inc   11,475,808 
       TOTAL CONSUMER DURABLES & APPAREL   126,249,027 
             
CONSUMER SERVICES - 2.5%     
 173,884     ARAMARK Holdings Corp   5,729,478 
 703,019  *  Penn National Gaming, Inc   17,041,181 
 637,306     Red Rock Resorts, Inc   16,174,826 
 263,745     Royal Caribbean Cruises Ltd   31,662,587 
 130,660     Wyndham Hotels & Resorts, Inc   6,414,099 
 130,660     Wyndham Worldwide Corp   5,506,013 
       TOTAL CONSUMER SERVICES   82,528,184 
             
DIVERSIFIED FINANCIALS - 4.9%     
 171,970     Ameriprise Financial, Inc   21,771,402 
 486,482     AXA Equitable Holdings, Inc   9,019,376 
 404,284     Blackstone Group LP   13,624,371 
 208,524     Blackstone Mortgage Trust, Inc   7,191,993 
 788,203     E*TRADE Financial Corp   36,777,552 
 659,306     MFA Mortgage Investments, Inc   4,832,713 
 366,483     Raymond James Financial, Inc   29,501,882 
 376,241     Synchrony Financial   11,302,279 
 618,109     Voya Financial, Inc   28,698,801 
       TOTAL DIVERSIFIED FINANCIALS   162,720,369 
             
ENERGY - 7.8%     
 118,825     Arch Coal, Inc   10,472,047 
 387,660  *  Cheniere Energy, Inc   25,449,879 
 47,084     Cimarex Energy Co   3,547,309 
 344,028  *  Concho Resources, Inc   41,228,315 
 206,455  *  Continental Resources, Inc   9,532,027 
 103,719     EQT Corp   2,019,409 
 82,960  *  Equitrans Midstream Corp   1,727,227 
 142,416     Hess Corp   7,690,464 
 219,364     Magellan Midstream Partners LP   13,479,918 
 1,081,740  *  Matador Resources Co   21,093,930 
 1,261,313  *  Parsley Energy, Inc   23,435,196 
 459,041     Patterson-UTI Energy, Inc   5,568,167 
 274,294     Plains All American Pipeline LP   6,245,674 
 281,350     Targa Resources Investments, Inc   12,100,864 
 1,462,494  *  Transocean Ltd   12,533,574 
 1,384,497     Williams Cos, Inc   37,284,504 
 2,006,881  *  WPX Energy, Inc   24,604,361 
       TOTAL ENERGY   258,012,865 
24

TIAA-CREF FUNDS - Mid-Cap Value Fund

 

SHARES     COMPANY  VALUE 
     
FOOD, BEVERAGE & TOBACCO - 3.5%    
 796,011     Bunge Ltd  $43,836,326 
 1,552,922     ConAgra Brands, Inc   33,605,232 
 686,763     Cott Corp   10,425,062 
 205,417     Molson Coors Brewing Co (Class B)   13,682,827 
 233,223     Tyson Foods, Inc (Class A)   14,441,168 
       TOTAL FOOD, BEVERAGE & TOBACCO   115,990,615 
             
HEALTH CARE EQUIPMENT & SERVICES - 3.7%    
 159,818     Cardinal Health, Inc   7,986,105 
 102,745  *  Centene Corp   13,415,415 
 393,663  *  Hologic, Inc   17,478,637 
 68,122  *  Laboratory Corp of America Holdings   9,492,801 
 104,904     McKesson Corp   13,453,938 
 140,608  *  Molina Healthcare, Inc   18,698,052 
 374,494     Zimmer Biomet Holdings, Inc   41,029,562 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   121,554,510 
             
HOUSEHOLD & PERSONAL PRODUCTS - 0.4%    
 290,662     Energizer Holdings, Inc   13,777,379 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   13,777,379 
             
INSURANCE - 4.8%    
 18,152     Alleghany Corp   11,464,077 
 363,610  *  Arch Capital Group Ltd   10,671,953 
 235,001     Argo Group International Holdings Ltd   15,683,967 
 338,397  *  Athene Holding Ltd   14,517,231 
 291,276     Axis Capital Holdings Ltd   15,597,830 
 108,786     Chubb Ltd   14,473,977 
 46,713     Everest Re Group Ltd   10,232,483 
 834,743     Hartford Financial Services Group, Inc   39,166,142 
 157,698     Lincoln National Corp   9,223,756 
 199,236     Principal Financial Group   9,975,747 
 227,376     ProAssurance Corp   9,699,860 
       TOTAL INSURANCE   160,707,023 
             
MATERIALS - 7.5%    
 248,985     Ashland Global Holdings, Inc   18,897,961 
 313,556     CF Industries Holdings, Inc   13,686,719 
 376,211     Chemours Co   13,449,543 
 166,716  *  Clearwater Paper Corp   5,621,664 
 222,567  *  Crown Holdings, Inc   11,350,917 
 277,609  *  Ferro Corp   4,627,742 
 925,698     First Quantum Minerals Ltd   10,715,679 
 1,559,542     Freeport-McMoRan Copper & Gold, Inc (Class B)   18,153,069 
 298,550  *  GCP Applied Technologies, Inc   7,523,460 
 433,144     Louisiana-Pacific Corp   10,560,051 
 597,866     Newmont Mining Corp   20,393,209 
 175,221     Nutrien Ltd   9,079,952 
 943,164     Olin Corp   22,268,102 
 428,497     Steel Dynamics, Inc   15,678,705 
 959,797     Tronox Ltd   8,407,822 
25

TIAA-CREF FUNDS - Mid-Cap Value Fund

 

SHARES     COMPANY  VALUE 
             
 300,564     Valvoline, Inc  $6,645,470 
 167,573     Westlake Chemical Corp   12,383,645 
 62,129     WestRock Co   2,529,272 
 503,351     WR Grace and Co   35,742,955 
       TOTAL MATERIALS   247,715,937 
             
MEDIA & ENTERTAINMENT - 2.6%     
 1,270,078     Altice USA, Inc   24,944,332 
 160,818     CBS Corp (Class B)   7,954,058 
 360,144  *  DISH Network Corp (Class A)   11,045,617 
 86,016  *  IAC/InterActiveCorp   18,173,461 
 683,867     Interpublic Group of Cos, Inc   15,557,974 
 269,210     Viacom, Inc (Class B)   7,920,158 
       TOTAL MEDIA & ENTERTAINMENT   85,595,600 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 2.6%     
 98,055  *  Jazz Pharmaceuticals plc   12,344,144 
 534,008  *  Mylan NV   15,993,539 
 431,642  *  PerkinElmer, Inc   39,063,601 
 224,089  *  Prestige Brands Holdings, Inc   6,256,565 
 716,661  *  Teva Pharmaceutical Industries Ltd (ADR)   14,225,721 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   87,883,570 
             
REAL ESTATE - 10.7%     
 254,285     American Assets Trust, Inc   10,918,998 
 261,393     American Campus Communities, Inc   12,029,306 
 200,228     AvalonBay Communities, Inc   38,627,986 
 211,755     Boston Properties, Inc   27,924,132 
 245,344     Camden Property Trust   23,786,101 
 1,483,986     Cousins Properties, Inc   13,133,276 
 389,973     CyrusOne, Inc   21,136,536 
 404,710     Equity Commonwealth   13,096,415 
 609,591     HCP, Inc   19,226,500 
 972,989     Host Marriott Corp   17,572,181 
 330,339     Kennedy-Wilson Holdings, Inc   6,603,477 
 264,278     Kimco Realty Corp   4,495,369 
 251,607     Mid-America Apartment Communities, Inc   25,482,757 
 563,268     Monmouth Real Estate Investment Corp (Class A)   7,739,302 
 375,523     Park Hotels & Resorts, Inc   11,291,977 
 262,945     Prologis, Inc   18,185,276 
 248,182     QTS Realty Trust, Inc   10,450,944 
 132,242     SL Green Realty Corp   12,223,128 
 235,421     Ventas, Inc   15,182,300 
 425,820     Weingarten Realty Investors   12,216,776 
 416,767     Welltower, Inc   32,295,275 
       TOTAL REAL ESTATE   353,618,012 
             
RETAILING - 2.9%     
 251,223  *  Dollar Tree, Inc   24,325,923 
 446,875  *  eBay, Inc   15,037,344 
 135,545     Expedia, Inc   16,163,741 
 115,610     Foot Locker, Inc   6,461,443 
26

TIAA-CREF FUNDS - Mid-Cap Value Fund

 

SHARES     COMPANY  VALUE 
             
 1,201,642  *  Groupon, Inc  $4,530,190 
 27,573     Kohl’s Corp   1,893,989 
 599,541     L Brands, Inc   16,691,222 
 552,175  *  Qurate Retail Group, Inc QVC Group   12,009,806 
       TOTAL RETAILING   97,113,658 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.2%     
 554,075  *  Advanced Micro Devices, Inc   13,524,971 
 317,243  *  Cree, Inc   15,998,565 
 577,698     Cypress Semiconductor Corp   8,012,671 
 844,677     Marvell Technology Group Ltd   15,651,865 
 160,835     NXP Semiconductors NV   13,997,470 
 375,208  *  ON Semiconductor Corp   7,519,168 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   74,704,710 
             
SOFTWARE & SERVICES - 2.3%     
 611,583     DXC Technology Co   39,214,702 
 181,674  *  Proofpoint, Inc   18,507,131 
 444,722  *  Teradata Corp   19,736,762 
       TOTAL SOFTWARE & SERVICES   77,458,595 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 3.5%     
 524,020  *  Ciena Corp   19,959,922 
 693,708  *  CommScope Holding Co, Inc   14,505,434 
 422,647     Corning, Inc   14,057,239 
 807,013  *  Extreme Networks, Inc   6,101,018 
 497,430     Juniper Networks, Inc   12,903,334 
 225,842  *  Lumentum Holdings, Inc   11,045,932 
 2,176,999     Nokia Corp   13,823,944 
 83,060     TE Connectivity Ltd   6,723,707 
 188,223     Western Digital Corp   8,468,153 
 299,794     Xerox Corp   8,457,189 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   116,045,872 
             
TELECOMMUNICATION SERVICES - 0.9%     
 704,424     CenturyLink, Inc   10,791,775 
 502,235     Telephone & Data Systems, Inc   18,190,952 
       TOTAL TELECOMMUNICATION SERVICES   28,982,727 
             
TRANSPORTATION - 3.4%     
 450,007     Alaska Air Group, Inc   28,777,948 
 901,633     American Airlines Group, Inc   32,251,412 
 84,598     Kansas City Southern Industries, Inc   8,946,238 
 250,194  *  Kirby Corp   18,742,033 
 713,509     Knight-Swift Transportation Holdings, Inc   22,653,911 
       TOTAL TRANSPORTATION   111,371,542 
             
UTILITIES - 11.1%     
 251,107     Alliant Energy Corp   11,166,728 
 103,026     Ameren Corp   7,143,823 
 203,042     American Water Works Co, Inc   19,425,028 
27

TIAA-CREF FUNDS - Mid-Cap Value Fund

 

SHARES     COMPANY              VALUE 
                         
 698,009     Centerpoint Energy, Inc              $21,582,438 
 317,524     DTE Energy Co               37,388,451 
 253,179     Edison International               14,423,608 
 367,987     Entergy Corp               32,820,760 
 111,532     Evergy, Inc               6,393,014 
 1,209,791     FirstEnergy Corp               47,423,807 
 896,002     NiSource, Inc               24,442,935 
 309,840     OGE Energy Corp               12,687,948 
 266,082  *,b  PG&E Corp               3,459,066 
 280,155     Pinnacle West Capital Corp               24,687,259 
 483,811     Public Service Enterprise Group, Inc               26,391,890 
 322,948     Sempra Energy               37,778,457 
 189,338     Southwest Gas Corp               14,828,952 
 511,233  *  Vistra Energy Corp               12,837,061 
 275,083     Xcel Energy, Inc               14,403,346 
       TOTAL UTILITIES               369,284,571 
                         
       TOTAL COMMON STOCKS               3,261,377,145 
       (Cost $2,714,147,033)                 
                  
PRINCIPAL     ISSUER  RATE  MATURITY
DATE
     
                        
SHORT-TERM INVESTMENTS - 0.1%             
                     
GOVERNMENT AGENCY DEBT - 0.1%             
$3,250,000     Federal Home Loan Bank (FHLB)   2.260%  02/01/19   3,250,000 
       TOTAL GOVERNMENT AGENCY DEBT           3,250,000 
                       
                         
       TOTAL SHORT-TERM INVESTMENTS               3,250,000 
       (Cost $3,264,935)                 
       TOTAL INVESTMENTS - 98.5%               3,264,627,145 
       (Cost $2,717,411,968)                 
       OTHER ASSETS & LIABILITIES, NET - 1.5%               50,353,332 
       NET ASSETS - 100.0%              $3,314,980,477 

 

       
    Abbreviation(s):
    ADR    American Depositary Receipt

 

*   Non-income producing
b   In bankruptcy
       
28

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

 

TIAA-CREF FUNDS

QUANT LARGE-CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES      COMPANY          VALUE 
                    
COMMON STOCKS - 99.7%
                      
AUTOMOBILES & COMPONENTS - 0.3%
 22,656      Lear Corp          $3,487,438 
 15,731   *  Tesla, Inc           4,829,732 
        TOTAL AUTOMOBILES & COMPONENTS           8,317,170 
                      
BANKS - 0.4%
 19,740      BOK Financial Corp           1,640,592 
 119,780      Comerica, Inc           9,431,477 
        TOTAL BANKS           11,072,069 
                      
CAPITAL GOODS - 7.6%
 46,711      3M Co           9,356,213 
 213,452      Allison Transmission Holdings, Inc           10,388,709 
 56,284      Armstrong World Industries, Inc           3,829,563 
 136,290      Boeing Co           52,556,150 
 32,748      Caterpillar, Inc           4,360,724 
 3,273      Deere & Co           536,772 
 235,624   *  HD Supply Holdings, Inc           9,882,071 
 162,638      Honeywell International, Inc           23,359,696 
 31,262      Huntington Ingalls           6,454,040 
 44,756      Ingersoll-Rand plc           4,477,390 
 27,851      Lockheed Martin Corp           8,068,156 
 13,613      Northrop Grumman Corp           3,751,062 
 88,183      Raytheon Co           14,529,031 
 207,787   *  Sensata Technologies Holding plc           9,869,883 
 37,206      TransDigm Group, Inc           14,547,546 
 75,809   *  United Rentals, Inc           9,495,835 
 42,688      W.W. Grainger, Inc           12,609,608 
        TOTAL CAPITAL GOODS           198,072,449 
                      
COMMERCIAL & PROFESSIONAL SERVICES - 0.9%
 1,249      Cintas Corp           234,200 
 133,095      KAR Auction Services, Inc           6,922,271 
 66,303      Robert Half International, Inc           4,271,902 
 58,352   *  Verisk Analytics, Inc           6,851,108 
 41,691      Waste Management, Inc           3,988,578 
        TOTAL COMMERCIAL & PROFESSIONAL SERVICES           22,268,059 
                      
CONSUMER DURABLES & APPAREL - 1.5%
 215,668      Hanesbrands, Inc           3,232,864 
 202,033      Nike, Inc (Class B)           16,542,462 
 71,781      Polaris Industries, Inc           6,020,990 
 207,315      Pulte Homes, Inc           5,765,430 
 207,214      Toll Brothers, Inc           7,654,485 
        TOTAL CONSUMER DURABLES & APPAREL           39,216,231 
29

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

 

SHARES      COMPANY          VALUE 
                    
CONSUMER SERVICES - 1.7%
 48,861      Dunkin Brands Group, Inc          $3,341,604 
 325,431      Extended Stay America, Inc           5,564,870 
 178,107      H&R Block, Inc           4,201,544 
 30,737      Marriott International, Inc (Class A)           3,520,309 
 36,860      McDonald’s Corp           6,589,831 
 42,428      Service Corp International           1,821,010 
 278,494      Starbucks Corp           18,976,581 
 7,228      Vail Resorts, Inc           1,360,743 
        TOTAL CONSUMER SERVICES           45,376,492 
                      
DIVERSIFIED FINANCIALS - 6.9%
 135,539      American Express Co           13,919,855 
 34,981      Ameriprise Financial, Inc           4,428,595 
 92,156      Capital One Financial Corp           7,426,852 
 153,128      Charles Schwab Corp           7,161,797 
 48,897      CME Group, Inc           8,912,945 
 12,367   *  Credit Acceptance Corp           4,922,313 
 153,107      Discover Financial Services           10,333,191 
 160,488      E*TRADE Financial Corp           7,488,370 
 14,865      Evercore Partners, Inc (Class A)           1,329,674 
 12,449      Factset Research Systems, Inc           2,721,725 
 157,374      IntercontinentalExchange Group, Inc           12,080,028 
 508,500      iShares Russell 1000 Growth Index Fund           72,466,335 
 29,288      Lazard Ltd (Class A)           1,165,370 
 110,169      LPL Financial Holdings, Inc           7,752,593 
 125,550   *  OneMain Holdings, Inc           3,752,690 
 6,988      S&P Global, Inc           1,339,250 
 22,634      Santander Consumer USA Holdings, Inc           431,404 
 348,778      Synchrony Financial           10,477,291 
 3,361      T Rowe Price Group, Inc           314,119 
 60,243      Voya Financial, Inc           2,797,082 
        TOTAL DIVERSIFIED FINANCIALS           181,221,479 
                      
ENERGY - 0.3%
 42,753      Apache Corp           1,403,153 
 28,765   *  Cheniere Energy, Inc           1,888,422 
 8,453   *  Continental Resources, Inc           390,275 
 123,585      Halliburton Co           3,875,626 
 9,061   *  Kosmos Energy Ltd           46,483 
 14,527   *  Newfield Exploration Co           265,554 
        TOTAL ENERGY           7,869,513 
                      
FOOD & STAPLES RETAILING - 0.6%
 65,122      Costco Wholesale Corp           13,977,135 
 22,906      Sysco Corp           1,462,548 
        TOTAL FOOD & STAPLES RETAILING           15,439,683 
                      
FOOD, BEVERAGE & TOBACCO - 2.7%
 324,745      Altria Group, Inc           16,026,166 
30

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

 

SHARES      COMPANY          VALUE 
                    
 26,873      Brown-Forman Corp (Class B)          $1,269,749 
 60,187      Campbell Soup Co           2,132,425 
 478,618      Coca-Cola Co           23,035,884 
 45,366      Kellogg Co           2,677,048 
 23,753   *  Monster Beverage Corp           1,359,622 
 201,736      PepsiCo, Inc           22,729,595 
        TOTAL FOOD, BEVERAGE & TOBACCO           69,230,489 
                      
HEALTH CARE EQUIPMENT & SERVICES - 5.1%
 99,464      AmerisourceBergen Corp           8,292,314 
 48,672   *  Boston Scientific Corp           1,856,837 
 56,261   *  Centene Corp           7,345,999 
 5,330      Chemed Corp           1,588,020 
 50,911      Cigna Corp           10,172,527 
 54,713      CVS Health Corp           3,586,437 
 10,047   *  Edwards Lifesciences Corp           1,712,210 
 81,601      Encompass Health Corp           5,454,211 
 84,649      HCA Holdings, Inc           11,802,610 
 16,077      Humana, Inc           4,967,632 
 10,665   *  Intuitive Surgical, Inc           5,584,621 
 34,531   *  Premier, Inc           1,373,988 
 32,863      Stryker Corp           5,835,483 
 215,620      UnitedHealth Group, Inc           58,260,524 
 49,987   *  Veeva Systems, Inc           5,451,582 
        TOTAL HEALTH CARE EQUIPMENT & SERVICES           133,284,995 
                      
HOUSEHOLD & PERSONAL PRODUCTS - 2.0%
 136,868      Church & Dwight Co, Inc           8,843,042 
 83,632      Clorox Co           12,409,316 
 58,287      Energizer Holdings, Inc           2,762,804 
 6,922      Estee Lauder Cos (Class A)           944,299 
 147,585   *  Herbalife Ltd           8,810,825 
 144,620      Kimberly-Clark Corp           16,107,775 
 27,793      Nu Skin Enterprises, Inc (Class A)           1,824,610 
        TOTAL HOUSEHOLD & PERSONAL PRODUCTS           51,702,671 
                      
INSURANCE - 1.2%
 67,522   *  Berkshire Hathaway, Inc (Class B)           13,878,472 
 273,745      Progressive Corp           18,420,301 
        TOTAL INSURANCE           32,298,773 
                      
MATERIALS - 2.1%
 109,185   *  Berry Plastics Group, Inc           5,377,361 
 149,694      Chemours Co           5,351,561 
 109,004      International Paper Co           5,170,060 
 138,217      LyondellBasell Industries AF S.C.A           12,020,732 
 127,463      Packaging Corp of America           12,022,310 
 233,966      Steel Dynamics, Inc           8,560,816 
 67,325      Westlake Chemical Corp           4,975,318 
        TOTAL MATERIALS           53,478,158 
31

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

 

SHARES      COMPANY          VALUE 
                    
MEDIA & ENTERTAINMENT - 11.1%
 58,322   *  Alphabet, Inc (Class A)          $65,664,157 
 59,464   *  Alphabet, Inc (Class C)           66,383,826 
 97,289   *  AMC Networks, Inc           6,123,370 
 2,259      Cable One, Inc           1,997,724 
 5,710      CBS Corp (Class B)           282,417 
 15,471   *  Charter Communications, Inc           5,121,674 
 423,747   *  Facebook, Inc           70,634,387 
 142,699      Interpublic Group of Cos, Inc           3,246,402 
 94,853   *  Live Nation, Inc           5,075,584 
 70,539   *  NetFlix, Inc           23,947,990 
 118,947      Omnicom Group, Inc           9,263,592 
 231,296   *  Twitter, Inc           7,762,294 
 222,029      Walt Disney Co           24,760,674 
        TOTAL MEDIA & ENTERTAINMENT           290,264,091 
                      
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 6.8%
 273,076      AbbVie, Inc           21,925,272 
 9,169   *  Alexion Pharmaceuticals, Inc           1,127,420 
 149,352      Amgen, Inc           27,945,253 
 56,000   *  Biogen Idec, Inc           18,691,680 
 75,016      Bristol-Myers Squibb Co           3,703,540 
 107,937   *  Celgene Corp           9,548,107 
 30,165   *  Charles River Laboratories International, Inc           3,716,026 
 75,592      Eli Lilly & Co           9,060,457 
 134,033   *  Exelixis, Inc           3,159,158 
 276,189      Gilead Sciences, Inc           19,335,992 
 23,835   *  Illumina, Inc           6,668,795 
 60,512      Johnson & Johnson           8,052,937 
 30,143   *  Regeneron Pharmaceuticals, Inc           12,939,486 
 23,761      Thermo Fisher Scientific, Inc           5,837,365 
 40,560   *  Vertex Pharmaceuticals, Inc           7,743,309 
 207,858      Zoetis, Inc           17,909,045 
        TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES       177,363,842 
                      
REAL ESTATE - 1.6%
 70,400      American Tower Corp           12,167,936 
 20,661      Coresite Realty           2,041,100 
 10,727      Crown Castle International Corp           1,255,703 
 218      Equinix, Inc           85,892 
 7,365      Equity Lifestyle Properties, Inc           779,806 
 34,579      Extra Space Storage, Inc           3,409,835 
 36,713      Omega Healthcare Investors, Inc           1,475,496 
 15,521      Public Storage, Inc           3,298,523 
 88,620      Simon Property Group, Inc           16,139,474 
        TOTAL REAL ESTATE           40,653,765 
                      
RETAILING - 11.2%
 11,635      Advance Auto Parts, Inc           1,852,292 
 81,491   *  Amazon.com, Inc           140,061,026 
 5,871   *  AutoZone, Inc           4,974,733 
 107,971      Best Buy Co, Inc           6,396,202 
32

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

 

SHARES      COMPANY          VALUE 
                    
 12,802   *  Booking Holdings, Inc          $23,463,634 
 27,581      Dollar General Corp           3,183,675 
 48,774      Gap, Inc           1,240,810 
 229,374      Home Depot, Inc           42,097,010 
 191,171      L Brands, Inc           5,322,201 
 134,172      Lowe’s Companies, Inc           12,901,980 
 163,029   *,e  Michaels Cos, Inc/The           2,259,582 
 32,317   *  O’Reilly Automotive, Inc           11,138,377 
 139,240      Ross Stores, Inc           12,826,789 
 320,482      TJX Companies, Inc           15,937,570 
 340   *  Ulta Beauty, Inc           99,253 
 120,026   *  Urban Outfitters, Inc           3,876,840 
 103,708   e  Williams-Sonoma, Inc           5,644,826 
        TOTAL RETAILING           293,276,800 
                      
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.2%
 533,212   *  Advanced Micro Devices, Inc           13,015,705 
 58,443      Applied Materials, Inc           2,283,952 
 89,758      Broadcom, Inc           24,077,583 
 117,967      Kla-Tencor Corp           12,571,743 
 59,998      Lam Research Corp           10,174,461 
 321,348   *  Micron Technology, Inc           12,281,921 
 48,217      NVIDIA Corp           6,931,194 
 566,312   *  ON Semiconductor Corp           11,348,892 
 76,922      Skyworks Solutions, Inc           5,618,383 
 195,484      Teradyne, Inc           7,035,469 
 294,060      Texas Instruments, Inc           29,605,961 
        TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT       134,945,264 
                      
SOFTWARE & SERVICES - 19.1%
 182,378      Accenture plc           28,004,142 
 82,260   *  Adobe, Inc           20,385,673 
 155,981   *  Akamai Technologies, Inc           10,154,363 
 48,909      Alliance Data Systems Corp           8,685,749 
 59,993      Automatic Data Processing, Inc           8,389,421 
 143,192      Booz Allen Hamilton Holding Co           7,035,023 
 169,148   *  Cadence Design Systems, Inc           8,124,178 
 49,863      CDK Global, Inc           2,438,799 
 46,948      Cognizant Technology Solutions Corp (Class A)           3,271,337 
 43,318   *  Euronet Worldwide, Inc           4,982,003 
 13,072   *  First American Corp           474,514 
 318,967   *  First Data Corp           7,862,537 
 181,933   *  Fiserv, Inc           15,087,704 
 140,282   *  Fortinet, Inc           10,741,393 
 100,846      International Business Machines Corp           13,555,719 
 38,703      Intuit, Inc           8,352,881 
 32,128   *  Manhattan Associates, Inc           1,566,883 
 224,180      MasterCard, Inc (Class A)           47,331,123 
 1,491,647      Microsoft Corp           155,772,696 
 148,745   *  Nutanix, Inc           7,620,206 
 54,588   *  Okta, Inc           4,499,689 
 177,658      Paychex, Inc           12,578,186 
33

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

 

SHARES      COMPANY          VALUE 
                    
 195,370   *  PayPal Holdings, Inc          $17,341,041 
 48,565   *  RingCentral, Inc           4,489,349 
 350,910      Sabre Corp           8,063,912 
 90,240   *  salesforce.com, Inc           13,713,773 
 14,804   *  ServiceNow, Inc           3,257,176 
 128,675      Total System Services, Inc           11,530,567 
 326,077      Visa, Inc (Class A)           44,023,656 
 10,593      VMware, Inc (Class A)           1,600,284 
 38,672   *  WEX, Inc           6,238,954 
 6,222   *  Workday, Inc           1,129,480 
        TOTAL SOFTWARE & SERVICES           498,302,411 
                      
TECHNOLOGY HARDWARE & EQUIPMENT - 8.2%
 10,933      Amphenol Corp (Class A)           961,229 
 980,084      Apple, Inc           163,125,181 
 125,635      CDW Corp           10,461,626 
 59,166   *  F5 Networks, Inc           9,522,768 
 69,986   *  NCR Corp           1,872,126 
 115,656      NetApp, Inc           7,375,383 
 332,772   *  Pure Storage, Inc           5,959,947 
 46,037   e  Ubiquiti Networks, Inc           4,981,664 
 59,584   *  Zebra Technologies Corp (Class A)           10,343,782 
        TOTAL TECHNOLOGY HARDWARE & EQUIPMENT           214,603,706 
                      
TELECOMMUNICATION SERVICES - 0.3%
 95,806   *  T-Mobile US, Inc           6,670,014 
        TOTAL TELECOMMUNICATION SERVICES           6,670,014 
                      
TRANSPORTATION - 2.9%
 118,043      CH Robinson Worldwide, Inc           10,242,591 
 195,064      CSX Corp           12,815,705 
 98,743      Delta Air Lines, Inc           4,880,866 
 100,539      Expeditors International of Washington, Inc           6,967,353 
 26,263      FedEx Corp           4,663,521 
 230,323      Southwest Airlines Co           13,073,134 
 109,489      Union Pacific Corp           17,416,415 
 62,153      United Parcel Service, Inc (Class B)           6,550,926 
        TOTAL TRANSPORTATION           76,610,511 
                      
        TOTAL COMMON STOCKS           2,601,538,635 
        (Cost $1,795,184,222)             
                      
PRINCIPAL       ISSUER  RATE  MATURITY DATE     
                      
SHORT-TERM INVESTMENTS - 0.5%
                      
GOVERNMENT AGENCY DEBT - 0.3%
$6,300,000      Federal Home Loan Bank (FHLB)   2.260%  02/01/19   6,300,000 
        TOTAL GOVERNMENT AGENCY DEBT           6,300,000 
34

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

 

SHARES       COMPANY          VALUE 
                    
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.2%
 5,533,758   c  State Street Navigator Securities Lending Government Money Market Portfolio $5,533,758 
        TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES      5,533,758 
                      
        TOTAL SHORT-TERM INVESTMENTS           11,833,758 
        (Cost $11,833,758)             
        TOTAL INVESTMENTS - 100.2%           2,613,372,393 
        (Cost $1,807,017,980)             
        OTHER ASSETS & LIABILITIES, NET - (0.2)%           (4,022,722)
        NET ASSETS - 100.0%          $2,609,349,671 

 

       
*   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 $5,445,528.
35

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

 

TIAA-CREF FUNDS

QUANT LARGE-CAP VALUE FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES       COMPANY  VALUE 
             
COMMON STOCKS - 99.6%
 
AUTOMOBILES & COMPONENTS - 1.0%
 73,920       BorgWarner, Inc  $3,023,328 
 400,712       Ford Motor Co   3,526,266 
 43,913    *  Garrett Motion, Inc   701,291 
 290,144       General Motors Co   11,321,419 
 73,846       Gentex Corp   1,564,058 
 41,425       Lear Corp   6,376,550 
         TOTAL AUTOMOBILES & COMPONENTS   26,512,912 
 
BANKS - 13.0%
 2,105,738       Bank of America Corp   59,950,361 
 7,375       Bank OZK   223,758 
 29,984       BankUnited   1,013,759 
 313,870       BB&T Corp   15,316,856 
 626,768       Citigroup, Inc   40,401,465 
 355,402       Citizens Financial Group, Inc   12,055,236 
 147,872       Comerica, Inc   11,643,441 
 52,485       East West Bancorp, Inc   2,641,045 
 519,449       Fifth Third Bancorp   13,931,622 
 740,644       JPMorgan Chase & Co   76,656,654 
 66,871       PacWest Bancorp   2,580,552 
 54,302       PNC Financial Services Group, Inc   6,661,226 
 187,856       Popular, Inc   10,258,816 
 28,152       Signature Bank   3,584,031 
 142,625       SunTrust Banks, Inc   8,474,778 
 75,007       Synovus Financial Corp   2,656,748 
 218,708       TCF Financial Corp   4,846,569 
 28,871       TFS Financial Corp   470,886 
 367,510       Umpqua Holdings Corp   6,497,577 
 93,838       US Bancorp   4,800,752 
 728,670       Wells Fargo & Co   35,639,250 
 263,100       Zions Bancorporation   12,520,929 
         TOTAL BANKS   332,826,311 
 
CAPITAL GOODS - 4.9%
 49,498    *  Aecom Technology Corp   1,515,134 
 60,267       Air Lease Corp   2,286,530 
 74,923       Arcosa, Inc   2,204,984 
 85       Cummins, Inc   12,504 
 219,477       Eaton Corp   16,735,121 
 466,403       General Electric Co   4,738,655 
 119,030    *  HD Supply Holdings, Inc   4,992,118 
 50,174       Hexcel Corp   3,397,282 
 124,883       Honeywell International, Inc   17,936,945 
 40,571       Hubbell, Inc   4,435,627 
36

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

 

SHARES       COMPANY  VALUE 
             
 40,785       Huntington Ingalls  $8,420,063 
 122,919       Ingersoll-Rand plc   12,296,817 
 62,626       ITT, Inc   3,291,623 
 339,271       Johnson Controls International plc   11,457,182 
 11,573       Lockheed Martin Corp   3,352,582 
 111,267       nVent Electric plc   2,783,900 
 230,573       Owens Corning, Inc   12,079,719 
 756       Terex Corp   23,217 
 114,983       United Technologies Corp   13,576,043 
         TOTAL CAPITAL GOODS   125,536,046 
 
COMMERCIAL & PROFESSIONAL SERVICES - 0.9%
 212,300    e  ADT, Inc   1,532,806 
 33,368    *  Clean Harbors, Inc   1,975,719 
 4,082       Dun & Bradstreet Corp   590,829 
 141,912       Republic Services, Inc   10,886,069 
 95,474       Waste Management, Inc   9,133,998 
         TOTAL COMMERCIAL & PROFESSIONAL SERVICES   24,119,421 
 
CONSUMER DURABLES & APPAREL - 0.2%
 216,550       Pulte Homes, Inc   6,022,256 
         TOTAL CONSUMER DURABLES & APPAREL   6,022,256 
 
CONSUMER SERVICES - 2.9%
 87,370       ARAMARK Holdings Corp   2,878,841 
 227,508       Carnival Corp   13,099,911 
 85,796       Darden Restaurants, Inc   9,002,574 
 219,570       Extended Stay America, Inc   3,754,647 
 279,310       H&R Block, Inc   6,588,923 
 96,816       International Game Technology plc   1,583,910 
 49,248       Las Vegas Sands Corp   2,874,113 
 80,739       McDonald’s Corp   14,434,518 
 69,979    *  Norwegian Cruise Line Holdings Ltd   3,599,020 
 90,122       Royal Caribbean Cruises Ltd   10,819,146 
 171,350       Yum China Holdings, Inc   6,245,708 
         TOTAL CONSUMER SERVICES   74,881,311 
 
DIVERSIFIED FINANCIALS - 6.1%
 22,053       Affiliated Managers Group, Inc   2,314,462 
 48,321       AGNC Investment Corp   865,429 
 313,373       Ally Financial, Inc   8,166,500 
 15,029       American Express Co   1,543,478 
 33,806       Ameriprise Financial, Inc   4,279,840 
 161,359       Annaly Capital Management, Inc   1,684,588 
 61,113       Bank of New York Mellon Corp   3,197,432 
 16,639       BlackRock, Inc   6,906,516 
 131,584       Capital One Financial Corp   10,604,355 
 31,586       CME Group, Inc   5,757,496 
 64,664       E*TRADE Financial Corp   3,017,222 
 34,964       Goldman Sachs Group, Inc   6,923,222 
 16,265       IntercontinentalExchange Group, Inc   1,248,502 
 586,500       iShares Russell 1000 Value Index Fund   70,104,345 
37

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

 

SHARES       COMPANY  VALUE 
             
 61,663       Legg Mason, Inc  $1,837,558 
 265,802       Morgan Stanley   11,243,425 
 5,835       New Residential Investment Corp   99,078 
 10,070    *  OneMain Holdings, Inc   300,992 
 246,665       Santander Consumer USA Holdings, Inc   4,701,435 
 86,910       State Street Corp   6,161,919 
 143,429       Synchrony Financial   4,308,607 
         TOTAL DIVERSIFIED FINANCIALS   155,266,401 
               
ENERGY - 8.7%
 21,638       Anadarko Petroleum Corp   1,024,127 
 196,903       Apache Corp   6,462,356 
 47,655    *  Apergy Corp   1,602,161 
 269,779       Cabot Oil & Gas Corp   6,730,986 
 422,813       Chevron Corp   48,475,510 
 64,332       Cimarex Energy Co   4,846,773 
 6,139    *  Concho Resources, Inc   735,698 
 313,608       ConocoPhillips   21,228,126 
 33,327    *  Continental Resources, Inc   1,538,708 
 24,812       Diamondback Energy, Inc   2,558,613 
 68,425       EOG Resources, Inc   6,787,760 
 219,542    *  Equitrans Midstream Corp   4,570,864 
 746,325       Exxon Mobil Corp   54,690,696 
 10,932       Kinder Morgan, Inc   197,869 
 224,496       Marathon Petroleum Corp   14,875,105 
 26,950       Murphy Oil Corp   737,082 
 243,102    *  Newfield Exploration Co   4,443,905 
 102,473       Occidental Petroleum Corp   6,843,147 
 101,045       PBF Energy, Inc   3,700,268 
 145,405       Phillips 66   13,873,091 
 24,509       Pioneer Natural Resources Co   3,488,121 
 117,454       Schlumberger Ltd   5,192,641 
 99,536       Valero Energy Corp   8,741,252 
         TOTAL ENERGY   223,344,859 
               
FOOD & STAPLES RETAILING - 2.8%
 409,951       Kroger Co   11,613,912 
 221,602    *  US Foods Holding Corp   7,472,419 
 265,972       Walgreens Boots Alliance, Inc   19,219,137 
 347,987       Walmart, Inc   33,347,594 
         TOTAL FOOD & STAPLES RETAILING   71,653,062 
               
FOOD, BEVERAGE & TOBACCO - 3.1%
 11,674       Coca-Cola Co   561,870 
 155,276       General Mills, Inc   6,900,465 
 71,234       Hershey Co   7,557,927 
 59,090       Ingredion, Inc   5,849,910 
 32,000       Kraft Heinz Co   1,537,920 
 165,065       Molson Coors Brewing Co (Class B)   10,994,980 
 94,587       Mondelez International, Inc   4,375,595 
 97,978       PepsiCo, Inc   11,039,181 
38

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

 

SHARES       COMPANY  VALUE 
             
 249,441       Philip Morris International, Inc  $19,137,114 
 194,773       Tyson Foods, Inc (Class A)   12,060,344 
         TOTAL FOOD, BEVERAGE & TOBACCO   80,015,306 
 
HEALTH CARE EQUIPMENT & SERVICES - 5.4%
 206,749       Abbott Laboratories   15,088,542 
 15,724       Anthem, Inc   4,764,372 
 6,133       Becton Dickinson & Co   1,529,938 
 264,703       Cardinal Health, Inc   13,227,209 
 27,989       Cigna Corp   5,592,482 
 372,323       CVS Health Corp   24,405,773 
 31,357       Danaher Corp   3,478,119 
 68,920    *  DaVita, Inc   3,868,480 
 89,312       HCA Holdings, Inc   12,452,772 
 277,046    *  Hologic, Inc   12,300,842 
 116,751       McKesson Corp   14,973,316 
 213,600       Medtronic plc   18,880,104 
 195,441    *  Premier, Inc   7,776,597 
         TOTAL HEALTH CARE EQUIPMENT & SERVICES   138,338,546 
 
HOUSEHOLD & PERSONAL PRODUCTS - 2.8%
 58,042       Colgate-Palmolive Co   3,754,157 
 46,494       Energizer Holdings, Inc   2,203,816 
 173,622    *  Herbalife Ltd   10,365,233 
 574,792       Procter & Gamble Co   55,450,184 
         TOTAL HOUSEHOLD & PERSONAL PRODUCTS   71,773,390 
 
INSURANCE - 5.5%
 88,515       Aflac, Inc   4,222,166 
 131,683       Allstate Corp   11,570,985 
 44,803       American Financial Group, Inc   4,273,758 
 8,415       American International Group, Inc   363,780 
 142,007    *  Athene Holding Ltd   6,092,100 
 303,585    *  Berkshire Hathaway, Inc (Class B)   62,398,861 
 46,729       Chubb Ltd   6,217,293 
 26,418       CNA Financial Corp   1,211,530 
 111,357       First American Financial Corp   5,576,759 
 7,565       Hartford Financial Services Group, Inc   354,950 
 261,972       Metlife, Inc   11,964,261 
 162,274       Principal Financial Group   8,125,059 
 95,290       Prudential Financial, Inc   8,780,021 
 44,879       Reinsurance Group of America, Inc (Class A)   6,482,772 
 79,566       UnumProvident Corp   2,765,714 
         TOTAL INSURANCE   140,400,009 
 
MATERIALS - 4.9%
 3,257       Ardagh Group S.A.   39,475 
 185,469    *  Berry Plastics Group, Inc   9,134,348 
 180,113       Domtar Corp   8,447,300 
 275,960       DowDuPont, Inc   14,849,408 
 830,638       Freeport-McMoRan Copper & Gold, Inc (Class B)   9,668,626 
 520,081       Huntsman Corp   11,426,180 
39

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

 

SHARES       COMPANY  VALUE 
             
 299,017       International Paper Co  $14,182,376 
 142,795       LyondellBasell Industries AF S.C.A   12,418,881 
 96,435       Olin Corp   2,276,830 
 442,997       Owens-Illinois, Inc   8,890,950 
 98,430       Sealed Air Corp   3,887,985 
 636       Silgan Holdings, Inc   17,566 
 343,014       Steel Dynamics, Inc   12,550,882 
 58,842       Westlake Chemical Corp   4,348,424 
 258,529       WestRock Co   10,524,716 
 33,730       WR Grace and Co   2,395,167 
         TOTAL MATERIALS   125,059,114 
 
MEDIA & ENTERTAINMENT - 2.8%
 315    *  Charter Communications, Inc   104,281 
 109,459       Cinemark Holdings, Inc   4,479,062 
 936,284       Comcast Corp (Class A)   34,239,906 
 2,048    *  Discovery, Inc (Class A)   58,122 
 37,321    *  Discovery, Inc (Class C)   994,605 
 123,138       Interpublic Group of Cos, Inc   2,801,389 
 1,119    *  Liberty Broadband Corp (Class C)   95,137 
 64,472    *  Liberty SiriusXM Group (Class C)   2,576,301 
 90,187       Omnicom Group, Inc   7,023,764 
 17,053       Tribune Co   782,903 
 175,031       Twenty-First Century Fox, Inc   8,630,779 
 66,423       Twenty-First Century Fox, Inc (Class B)   3,258,712 
 42,030       Viacom, Inc (Class B)   1,236,523 
 57,489       Walt Disney Co   6,411,173 
         TOTAL MEDIA & ENTERTAINMENT   72,692,657 
 
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.3%
 80,042       Agilent Technologies, Inc   6,087,194 
 45,473       Allergan plc   6,547,203 
 35,741       Amgen, Inc   6,687,498 
 17,633    *  Biogen Idec, Inc   5,885,543 
 187,628       Bristol-Myers Squibb Co   9,263,194 
 118,280       Eli Lilly & Co   14,177,041 
 148,228       Gilead Sciences, Inc   10,377,442 
 408,528       Johnson & Johnson   54,366,906 
 483,473       Merck & Co, Inc   35,984,895 
 1,226,772       Pfizer, Inc   52,076,472 
 48,977       Thermo Fisher Scientific, Inc   12,032,180 
         TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   213,485,568 
 
REAL ESTATE - 4.0%
 4,285       American Campus Communities, Inc   197,196 
 3,945       American Homes 4 Rent   87,224 
 9,133       Apartment Investment & Management Co (Class A)   452,266 
 21,648       AvalonBay Communities, Inc   4,176,332 
 68,547       Boston Properties, Inc   9,039,293 
 98,075       Brandywine Realty Trust   1,476,029 
 366,402       Brixmor Property Group, Inc   6,276,466 
40

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

 

SHARES       COMPANY  VALUE 
             
 6,853       Camden Property Trust  $664,398 
 446       Corporate Office Properties Trust   11,012 
 228,786       CubeSmart   7,080,927 
 14,158       Digital Realty Trust, Inc   1,533,878 
 247,249       Douglas Emmett, Inc   9,353,430 
 33,160       Entertainment Properties Trust   2,422,669 
 56,069       Equity Residential   4,068,367 
 9,064       Essex Property Trust, Inc   2,458,157 
 64,247       Extra Space Storage, Inc   6,335,397 
 144,591       Gaming and Leisure Properties, Inc   5,422,162 
 46,124       Hospitality Properties Trust   1,229,666 
 521,262       Host Marriott Corp   9,413,992 
 12,387       Invitation Homes, Inc   278,583 
 131,899       Kilroy Realty Corp   9,293,603 
 74,899       Lamar Advertising Co   5,576,230 
 12,490       Mid-America Apartment Communities, Inc   1,264,987 
 37,839       Simon Property Group, Inc   6,891,239 
 5,609       Starwood Property Trust, Inc   123,847 
 136,180       STORE Capital Corp   4,401,337 
 7,337       Sun Communities, Inc   806,410 
 28,484       UDR, Inc   1,246,175 
         TOTAL REAL ESTATE   101,581,272 
 
RETAILING - 2.3%
 9,418    *  AutoZone, Inc   7,980,248 
 139,787       Best Buy Co, Inc   8,280,982 
 74,365       Dick’s Sporting Goods, Inc   2,625,828 
 7,138    *  eBay, Inc   240,194 
 160,828       Foot Locker, Inc   8,988,677 
 131,416       Kohl’s Corp   9,026,965 
 112,588       Penske Auto Group, Inc   5,278,125 
 33,744    *  Qurate Retail Group, Inc QVC Group   733,932 
 214,351       Target Corp   15,647,623 
         TOTAL RETAILING   58,802,574 
 
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.7%
 14,130       Broadcom, Inc   3,790,372 
 1,088,642       Intel Corp   51,296,811 
 84,271    *  Micron Technology, Inc   3,220,838 
 723       NXP Semiconductors NV   62,923 
 43,271    *  Qorvo, Inc   2,828,192 
 155,767       QUALCOMM, Inc   7,713,582 
         TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   68,912,718 
 
SOFTWARE & SERVICES - 2.2%
 29,315       Cognizant Technology Solutions Corp (Class A)   2,042,669 
 2,816       DXC Technology Co   180,562 
 4,334       Fidelity National Information Services, Inc   453,033 
 38,445    *  First American Corp   1,395,554 
 26,097       International Business Machines Corp   3,507,959 
 17,449       LogMeIn, Inc   1,623,106 
 89,794       Microsoft Corp   9,377,187 
41

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

 

SHARES       COMPANY  VALUE 
             
 501,349       Oracle Corp  $25,182,760 
 241,142       Sabre Corp   5,541,443 
 387,182       Western Union Co   7,066,072 
         TOTAL SOFTWARE & SERVICES   56,370,345 
 
TECHNOLOGY HARDWARE & EQUIPMENT - 3.2%
 912,210       Cisco Systems, Inc   43,138,411 
 191,888       Corning, Inc   6,382,195 
 140,204    *  Dell Technologies, Inc   6,812,512 
 50,095       Flir Systems, Inc   2,448,644 
 374,321       Hewlett Packard Enterprise Co   5,835,664 
 174,028       HP, Inc   3,833,837 
 222,093       Juniper Networks, Inc   5,761,092 
 38,058       Motorola, Inc   4,449,361 
 29,733       National Instruments Corp   1,314,793 
 53,985    *  NCR Corp   1,444,099 
         TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   81,420,608 
 
TELECOMMUNICATION SERVICES - 3.2%
 1,258,240       AT&T, Inc   37,822,694 
 124,926       Telephone & Data Systems, Inc   4,524,820 
 725,960       Verizon Communications, Inc   39,971,358 
         TOTAL TELECOMMUNICATION SERVICES   82,318,872 
 
TRANSPORTATION - 3.5%
 52,260       Copa Holdings S.A. (Class A)   4,956,861 
 129,677       CSX Corp   8,519,779 
 278,081       Delta Air Lines, Inc   13,745,544 
 226,125    *  JetBlue Airways Corp   4,067,989 
 88,744       Norfolk Southern Corp   14,885,918 
 100,752       Ryder System, Inc   5,834,548 
 227,289       Southwest Airlines Co   12,900,924 
 75,303       Union Pacific Corp   11,978,448 
 157,749    *  United Continental Holdings, Inc   13,766,755 
         TOTAL TRANSPORTATION   90,656,766 
 
UTILITIES - 5.2%
 136,869       AES Corp   2,243,283 
 46,252       Ameren Corp   3,207,114 
 46,993       American Electric Power Co, Inc   3,718,086 
 60,274       American Water Works Co, Inc   5,766,414 
 33,131       Atmos Energy Corp   3,234,579 
 358,888       Centerpoint Energy, Inc   11,096,817 
 24,043       Dominion Resources, Inc   1,688,780 
 51,992       DTE Energy Co   6,122,058 
 53,828       Duke Energy Corp   4,725,022 
 120,895       Entergy Corp   10,782,625 
 24,145       Eversource Energy   1,675,904 
 351,748       Exelon Corp   16,799,484 
 291,094       FirstEnergy Corp   11,410,885 
 53,101       MDU Resources Group, Inc   1,365,227 
42

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

 

SHARES       COMPANY              VALUE 
                         
 114,568       National Fuel Gas Co              $6,564,746 
 50,827       NextEra Energy, Inc               9,097,016 
 88,565       OGE Energy Corp               3,626,737 
 100,852    *,b  PG&E Corp               1,311,076 
 43,413       Pinnacle West Capital Corp               3,825,554 
 368,855       Southern Co               17,926,353 
 136,635       Xcel Energy, Inc               7,154,209 
         TOTAL UTILITIES               133,341,969 
                           
         TOTAL COMMON STOCKS               2,555,332,293 
         (Cost $2,191,731,903)                 
               MATURITY    
PRINCIPAL       ISSUER  RATE  DATE    
                   
SHORT-TERM INVESTMENTS - 0.3%              
                     
GOVERNMENT AGENCY DEBT - 0.3%                    
$6,700,000       Federal Home Loan Bank (FHLB)   2.260%  02/01/19   6,700,000 
         TOTAL GOVERNMENT AGENCY DEBT           6,700,000 
                       
SHARES       COMPANY             
                      
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.0%      
 349,721    c  State Street Navigator Securities Lending Government Money Market Portfolio   349,721 
         TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   349,721 
               
         TOTAL SHORT-TERM INVESTMENTS           7,049,721 
         (Cost $7,049,721)             
         TOTAL INVESTMENTS - 99.9%           2,562,382,014 
         (Cost $2,198,781,624)             
         OTHER ASSETS & LIABILITIES, NET - 0.1%           1,416,572 
         NET ASSETS - 100.0%          $2,563,798,586 

 

       
*   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 $333,131.
43

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

 

TIAA-CREF FUNDS

QUANT SMALL-CAP EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES      COMPANY  VALUE 
               
COMMON STOCKS - 99.7%        
               
AUTOMOBILES & COMPONENTS - 0.4%        
 63,500   *  Modine Manufacturing Co  $929,005 
 421,142   *  Stoneridge, Inc   10,996,018 
        TOTAL AUTOMOBILES & COMPONENTS   11,925,023 
               
BANKS - 11.5%        
 34,499      Ameris Bancorp   1,309,237 
 430,500      Bank of NT Butterfield & Son Ltd   15,089,025 
 259,400      Boston Private Financial Holdings, Inc   3,009,040 
 872,803      Cadence BanCorp   16,365,056 
 529,800      Cathay General Bancorp   19,666,176 
 343,500   *  Customers Bancorp, Inc   6,756,645 
 251,250   *  Eagle Bancorp, Inc   13,788,600 
 544,400   *  Essent Group Ltd   21,639,900 
 134,300      Federal Agricultural Mortgage Corp (Class C)   9,501,725 
 1,777,800      First Bancorp (Puerto Rico)   18,933,570 
 699,800      First Commonwealth Financial Corp   9,517,280 
 318,700      First Merchants Corp   11,673,981 
 424,902   *  Flagstar Bancorp, Inc   13,108,227 
 843,600      Fulton Financial Corp   13,539,780 
 527,700      Hancock Holding Co   21,677,916 
 121,700      Hanmi Financial Corp   2,668,881 
 281,200      IBERIABANK Corp   20,777,868 
 263,030      LegacyTexas Financial Group, Inc   10,479,115 
 155,000      Meta Financial Group, Inc   3,650,250 
 1,600,470   *  MGIC Investment Corp   19,973,866 
 371,277   *  Mr Cooper Group, Inc   5,713,953 
 324,600   *  NMI Holdings, Inc   7,141,200 
 751,200      OFG Bancorp   14,558,256 
 1,053,200      Radian Group, Inc   20,263,568 
 26,900      Sandy Spring Bancorp, Inc   877,209 
 342,630      Simmons First National Corp (Class A)   8,476,666 
 779,212      United Community Banks, Inc   20,041,333 
 387,100      Walker & Dunlop, Inc   18,607,897 
 437,410      Washington Federal, Inc   12,724,257 
 197,500      WesBanco, Inc   8,020,475 
 186,600      WSFS Financial Corp   7,868,922 
        TOTAL BANKS   377,419,874 
               
CAPITAL GOODS - 9.0%        
 333,896   *  Aerojet Rocketdyne Holdings, Inc   13,178,875 
 284,800      Applied Industrial Technologies, Inc   16,806,048 
 666,543   *  Atkore International Group, Inc   15,457,132 
 413,983   *  BMC Stock Holdings, Inc   7,103,948 
 472,500      Comfort Systems USA, Inc   22,665,825 
44

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

 

SHARES      COMPANY  VALUE 
               
 398,500   *  Continental Building Products Inc  $10,496,490 
 15,900      Crane Co   1,315,884 
 130,100      Curtiss-Wright Corp   14,768,952 
 392,166      EMCOR Group, Inc   25,580,988 
 414,500   *  Generac Holdings, Inc   21,939,485 
 28,693      Global Brass & Copper Holdings, Inc   867,676 
 530,057   *  GMS, Inc   10,033,979 
 516,400   *  Harsco Corp   10,999,320 
 461,500      Hillenbrand, Inc   19,567,600 
 124,550      Kadant, Inc   10,624,115 
 69,700   *  Mastec, Inc   3,093,286 
 739,039   *  Meritor, Inc   15,283,327 
 199,940      Moog, Inc (Class A)   17,888,632 
 347,025   *  Patrick Industries, Inc   13,846,298 
 21,307      Raven Industries, Inc   788,146 
 474,000   *  Rexnord Corp   12,395,100 
 326,792   *  Trex Co, Inc   22,797,010 
 40,700   *  Trimas Corp   1,179,893 
 218,600   *  Univar, Inc   4,553,438 
        TOTAL CAPITAL GOODS   293,231,447 
               
COMMERCIAL & PROFESSIONAL SERVICES - 3.5%        
 214,000      Brink’s Co   15,846,700 
 355,747      Exponent, Inc   17,773,120 
 72,700      Heidrick & Struggles International, Inc   2,402,735 
 97,600      ICF International, Inc   6,433,792 
 270,046      Insperity, Inc   28,808,507 
 115,300      MSA Safety, Inc   11,550,754 
 17,477   *  On Assignment, Inc   1,100,876 
 235,100   *  TriNet Group, Inc   10,734,666 
 343,456      Viad Corp   18,100,131 
 67,975   *  WageWorks, Inc   2,144,612 
        TOTAL COMMERCIAL & PROFESSIONAL SERVICES   114,895,893 
               
CONSUMER DURABLES & APPAREL - 3.7%        
 663,180      Callaway Golf Co   10,803,202 
 61,100   *  Cavco Industries, Inc   10,160,319 
 148,200   *  Deckers Outdoor Corp   19,036,290 
 283,800   *  G-III Apparel Group Ltd   9,896,106 
 131,100   *  Helen of Troy Ltd   15,212,844 
 578,500      KB Home   12,385,685 
 183,750   *  Malibu Boats Inc   7,451,063 
 115,800   *  MasterCraft Boat Holdings, Inc   2,527,914 
 365,690   *,e  Roku, Inc   16,437,766 
 486,350      Steven Madden Ltd   15,879,327 
        TOTAL CONSUMER DURABLES & APPAREL   119,790,516 
               
CONSUMER SERVICES - 3.2%        
 188,000      BJ’s Restaurants, Inc   9,368,040 
 42,800   *  Bright Horizons Family Solutions   4,955,812 
 73,400   *  Career Education Corp   947,594 
 42,900      Carriage Services, Inc   834,405 
45

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

 

SHARES      COMPANY  VALUE 
               
 208,800      Dave & Buster’s Entertainment, Inc  $10,742,760 
 181,100   *  El Pollo Loco Holdings, Inc   2,986,339 
 153,400      Jack in the Box, Inc   12,417,730 
 148,300   *  K12, Inc   4,672,933 
 93,000   *  Planet Fitness, Inc   5,386,560 
 124,300      Ruth’s Chris Steak House, Inc   2,871,330 
 259,880   *  Sotheby’s (Class A)   10,496,553 
 121,500      Strategic Education Inc   13,292,100 
 334,600      Texas Roadhouse, Inc (Class A)   20,357,064 
 179,800   *  Weight Watchers International, Inc   5,753,600 
        TOTAL CONSUMER SERVICES   105,082,820 
               
DIVERSIFIED FINANCIALS - 3.3%        
 472,963      Artisan Partners Asset Management, Inc   11,029,497 
 644,700      BGC Partners, Inc (Class A)   3,990,693 
 172,700   *  Cowen Group, Inc   2,792,559 
 162,436   *,e  Encore Capital Group, Inc   4,798,359 
 146,600   *  Enova International, Inc   3,379,130 
 876,600   *  FGL Holdings   6,933,906 
 244,700   *  Green Dot Corp   18,112,694 
 281,200      Houlihan Lokey, Inc   12,440,288 
 20,000   e  iShares Micro-Cap ETF   1,818,400 
 93,000   e  iShares Russell 2000 Index Fund   13,862,580 
 640,300      OM Asset Management plc   7,920,511 
 159,000      Orchid Island Capital, Inc   1,103,460 
 366,026      Stifel Financial Corp   17,521,665 
 18,300      Virtus Investment Partners, Inc   1,646,451 
        TOTAL DIVERSIFIED FINANCIALS   107,350,193 
               
ENERGY - 5.2%        
 160,500      Arch Coal, Inc   14,144,865 
 127,000   *  Bonanza Creek Energy, Inc   2,927,350 
 717,300   *  C&J Energy Services, Inc   11,527,011 
 237,991   *  Cactus, Inc   7,810,865 
 320,300      CVR Energy, Inc   12,860,045 
 459,212      Delek US Holdings, Inc   14,928,982 
 307,348   *  Exterran Corp   5,335,561 
 623,100      Green Plains Renewable Energy, Inc   8,854,251 
 1,002,700   *  Keane Group, Inc   10,107,216 
 196,000   *  KLX Energy Services Holdings, Inc   5,107,760 
 253,800      Mammoth Energy Services, Inc   5,616,594 
 41,629   *  Matrix Service Co   892,942 
 198,800   *  Nine Energy Service, Inc   4,767,224 
 424,700   e  Nordic American Tanker Shipping   870,635 
 2,478,200   *  Oasis Petroleum, Inc   14,918,764 
 544,639   *  Par Pacific Holdings, Inc   8,855,830 
 295,800      Peabody Energy Corp   10,560,060 
 730,500   *  ProPetro Holding Corp   11,936,370 
 178,100   *,e  Renewable Energy Group, Inc   5,147,090 
 564,235   *  SandRidge Energy, Inc   4,677,508 
 321,700      World Fuel Services Corp   8,007,113 
        TOTAL ENERGY   169,854,036 
46

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

 

SHARES      COMPANY  VALUE 
               
FOOD, BEVERAGE & TOBACCO - 1.1%        
 37,000   *  Boston Beer Co, Inc (Class A)  $9,218,920 
 1,453,320      Dean Foods Co   6,060,345 
 125,605      Lancaster Colony Corp   19,979,987 
        TOTAL FOOD, BEVERAGE & TOBACCO   35,259,252 
               
HEALTH CARE EQUIPMENT & SERVICES - 4.9%        
 142,100   *  Allscripts Healthcare Solutions, Inc   1,675,359 
 251,000   *  Cardiovascular Systems, Inc   7,813,630 
 174,500      Conmed Corp   12,276,075 
 452,300   *  Globus Medical, Inc   20,376,115 
 685,900   *  HMS Holdings Corp   20,570,141 
 15,190   *  Inogen Inc   2,296,880 
 279,900   *  Integer Holding Corp   22,669,101 
 708,500   *  Lantheus Holdings, Inc   11,916,970 
 38,558   *  LHC Group, Inc   4,076,737 
 97,400   *  LivaNova plc   8,991,968 
 160,500   *  Magellan Health Services, Inc   10,458,180 
 64,900   *  NuVasive, Inc   3,254,086 
 752,076   *  OraSure Technologies, Inc   9,664,177 
 282,900   *  Orthofix International NV   15,307,719 
 211,000   *  Staar Surgical Co   7,539,030 
 18,923   *  SurModics, Inc   1,083,720 
        TOTAL HEALTH CARE EQUIPMENT & SERVICES   159,969,888 
               
HOUSEHOLD & PERSONAL PRODUCTS - 1.2%        
 129,900      Medifast, Inc   16,528,476 
 28,700      Nu Skin Enterprises, Inc (Class A)   1,884,155 
 168,560   *  USANA Health Sciences, Inc   19,738,376 
        TOTAL HOUSEHOLD & PERSONAL PRODUCTS   38,151,007 
               
INSURANCE - 1.4%        
 398,315      American Equity Investment Life Holding Co   12,475,226 
 163,900      Amerisafe, Inc   9,737,299 
 207,600      Employers Holdings, Inc   8,796,012 
 294,000   *  Third Point Reinsurance Ltd   3,089,940 
 280,076      Universal Insurance Holdings, Inc   10,564,466 
        TOTAL INSURANCE   44,662,943 
               
MATERIALS - 3.4%        
 381,800      Boise Cascade Co   10,488,046 
 673,900   *,m  Ferroglobe plc   0 
 236,000   *  Ingevity Corp   22,200,520 
 43,700      Innospec, Inc   3,070,799 
 135,207   *  Koppers Holdings, Inc   3,081,368 
 182,300      Materion Corp   8,555,339 
 597,915      Schnitzer Steel Industries, Inc (Class A)   14,469,543 
 143,000      Stepan Co   12,573,990 
 342,900   *  SunCoke Energy, Inc   3,854,196 
 194,600      Trinseo S.A.   9,545,130 
47

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

 

SHARES      COMPANY  VALUE 
               
 200,000      Tronox Ltd  $1,752,000 
 172,000   *,e  US Concrete, Inc   6,123,200 
 306,320   *  Verso Corp   7,556,914 
 244,600   *  Worthington Industries, Inc   9,228,758 
        TOTAL MATERIALS   112,499,803 
               
MEDIA & ENTERTAINMENT - 1.5%        
 183,670   *  Cargurus, Inc   7,855,566 
 502,700   *  Imax Corp   10,441,079 
 60,000   *  Madison Square Garden Co   16,674,000 
 179,700      World Wrestling Entertainment, Inc (Class A)   14,796,498 
        TOTAL MEDIA & ENTERTAINMENT   49,767,143 
               
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.7%        
 1,754,158   *  Achillion Pharmaceuticals, Inc   3,841,606 
 143,600   *  Aclaris Therapeutics, Inc   1,000,892 
 62,200   *  Acorda Therapeutics, Inc   1,034,386 
 1,474,600   *  Akorn, Inc   5,544,496 
 297,500   *  AMAG Pharmaceuticals, Inc   4,870,075 
 331,800   *,e  Amicus Therapeutics, Inc   3,994,872 
 489,800   *  Amphastar Pharmaceuticals, Inc   11,147,848 
 270,222   *  Ardelyx, Inc   567,466 
 241,812   *  Arena Pharmaceuticals, Inc   11,116,098 
 533,739   *  Array Biopharma, Inc   9,964,907 
 140,989   *  Assembly Biosciences, Inc   3,211,729 
 100,900   *  Blueprint Medicines Corp   7,273,881 
 284,227   *  Calithera Biosciences, Inc   1,267,652 
 343,720   *  CareDx, Inc   9,634,472 
 311,651   *  Concert Pharmaceuticals Inc   4,409,862 
 98,220   *,e  Corcept Therapeutics, Inc   1,098,100 
 181,000   *  CytomX Therapeutics, Inc   3,073,380 
 163,200   *  Dermira, Inc   1,077,120 
 180,500   *  Editas Medicine, Inc   3,922,265 
 69,500   *  Enanta Pharmaceuticals, Inc   5,520,385 
 634,600   *  Endo International plc   6,187,350 
 115,226   *  FibroGen, Inc   6,539,075 
 274,360   *  Five Prime Therapeutics, Inc   3,086,550 
 143,100   *  Genomic Health, Inc   10,848,411 
 221,200   *  Global Blood Therapeutics, Inc   10,597,692 
 403,800   *  Halozyme Therapeutics, Inc   6,533,484 
 104,800   *  Heron Therapeutics, Inc   2,819,120 
 865,600   *  Horizon Pharma plc   18,601,744 
 997,100   *  Immunogen, Inc   5,234,775 
 116,700   *  Insmed, Inc   2,836,977 
 286,787   *  Intersect ENT, Inc   8,508,970 
 101,500   *  Intra-Cellular Therapies, Inc   1,222,060 
 682,800   *  Invitae Corp   9,613,824 
 450,800   *  Iovance Biotherapeutics, Inc   4,124,820 
 236,100   *  Karyopharm Therapeutics, Inc   1,999,767 
 211,800      Luminex Corp   5,907,102 
 118,200   *,e  Medicines Co   2,731,602 
 207,900   *  Medpace Holdings, Inc   13,388,760 
48

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

 

SHARES      COMPANY  VALUE 
               
 107,550   *  Momenta Pharmaceuticals, Inc  $1,275,543 
 84,800   *  MyoKardia, Inc   3,509,024 
 460,500   *  Natera, Inc   6,258,195 
 308,900   *  NeoGenomics, Inc   5,133,918 
 295,550      Phibro Animal Health Corp   9,227,071 
 111,700   *,e  Portola Pharmaceuticals, Inc   3,027,070 
 191,800   *  PTC Therapeutics, Inc   5,970,734 
 150,800   *,e  Puma Biotechnology, Inc   4,204,304 
 389,500   *  Radius Health, Inc   7,116,165 
 167,900   *  REGENXBIO, Inc   7,380,884 
 283,530   *  Retrophin, Inc   6,112,907 
 159,900   *  Sangamo Biosciences, Inc   1,869,231 
 328,330   *  Spectrum Pharmaceuticals, Inc   3,677,296 
 288,463   *  Syneos Health, Inc   14,723,151 
 68,424   *  Ultragenyx Pharmaceutical, Inc   3,374,672 
 512,100   *  Vanda Pharmaceuticals, Inc   13,893,273 
 415,200   *  Vericel Corp   7,141,440 
        TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   318,248,453 
               
REAL ESTATE - 8.7%        
 346,470      American Assets Trust, Inc   14,877,422 
 306,500      Americold Realty Trust   8,986,580 
 743,580      CareTrust REIT, Inc   16,343,888 
 288,233      Chatham Lodging Trust   5,825,189 
 171,600      Chesapeake Lodging Trust   4,887,168 
 2,105,890      Cousins Properties, Inc   18,637,127 
 1,638,280      DiamondRock Hospitality Co   16,644,925 
 224,800      EastGroup Properties, Inc   23,257,808 
 492,350      First Industrial Realty Trust, Inc   16,109,692 
 870,500      Geo Group, Inc   19,629,775 
 228,000      Hersha Hospitality Trust   4,224,840 
 94,800      Innovative Industrial Properties, Inc   5,870,016 
 539,000      Monmouth Real Estate Investment Corp (Class A)   7,405,860 
 461,100      National Storage Affiliates Trust   13,418,010 
 396,212      Newmark Group, Inc   4,140,415 
 455,900      Pebblebrook Hotel Trust   14,611,595 
 430,858      Potlatch Corp   15,890,043 
 624,255      Preferred Apartment Communities, Inc   9,925,655 
 160,328      PS Business Parks, Inc   23,278,022 
 233,600      Ryman Hospitality Properties   18,769,760 
 137,499      Saul Centers, Inc   7,281,947 
 376,200      Summit Hotel Properties, Inc   4,202,154 
 565,743      Xenia Hotels & Resorts, Inc   10,618,996 
        TOTAL REAL ESTATE   284,836,887 
               
RETAILING - 4.7%        
 25,800      Aaron’s, Inc   1,291,548 
 354,100      Abercrombie & Fitch Co (Class A)   7,673,347 
 114,000      American Eagle Outfitters, Inc   2,407,680 
 326,150   *,e  At Home Group, Inc   7,188,346 
 449,700   *  BJ’s Wholesale Club Holdings, Inc   11,831,607 
49

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

 

SHARES      COMPANY  VALUE 
               
 380,600   *  Boot Barn Holdings, Inc  $8,917,458 
 328,100      Caleres, Inc   9,790,504 
 47,390      Children’s Place Retail Stores, Inc   4,585,456 
 163,100   *  Etsy, Inc   8,913,415 
 231,400   *  Five Below, Inc   28,631,122 
 4,041,700   *  Groupon, Inc   15,237,209 
 114,000   e  Lithia Motors, Inc (Class A)   10,140,300 
 385,200   *,e  Lumber Liquidators, Inc   4,630,104 
 49,000   *  Ollie’s Bargain Outlet Holdings, Inc   3,830,330 
 495,400   *  Rent-A-Center, Inc   8,669,500 
 20,000   *,e  RH   2,717,400 
 48,900   *  Stamps.com, Inc   9,099,312 
 361,200   *  Zumiez, Inc   9,178,092 
        TOTAL RETAILING   154,732,730 
               
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.6%        
 164,989      Cabot Microelectronics Corp   16,810,729 
 149,068   *  Ceva, Inc   4,239,494 
 191,930      Cohu, Inc   3,366,452 
 257,770   *  Diodes, Inc   8,668,805 
 80,810      Entegris, Inc   2,670,771 
 921,400   *  Lattice Semiconductor Corp   7,186,920 
 891,400   *  Rambus, Inc   8,040,428 
 377,400   *  Semtech Corp   18,326,544 
 184,300   *  Silicon Laboratories, Inc   14,098,950 
        TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   83,409,093 
               
SOFTWARE & SERVICES - 8.3%        
 121,300   *  Appfolio, Inc   7,679,503 
 121,220   *  CACI International, Inc (Class A)   20,265,560 
 923,950   *  Cloudera, Inc   12,473,325 
 136,600   *  Cornerstone OnDemand, Inc   7,832,644 
 32,600   *  Coupa Software, Inc   2,834,896 
 265,000   *,e  Domo, Inc   7,155,000 
 623,384      EVERTEC, Inc   17,249,035 
 400,900   *  Five9, Inc   20,498,017 
 116,600   *  HubSpot, Inc   18,458,946 
 219,486      Mantech International Corp (Class A)   12,372,426 
 73,058   *  Mitek Systems, Inc   805,830 
 135,300   *  New Relic, Inc   13,753,245 
 265,445   *  Paylocity Holding Corp   18,854,558 
 11,300   *  Proofpoint, Inc   1,151,131 
 36,600   *  Qualys, Inc   3,166,998 
 133,400   *  SendGrid, Inc   7,214,272 
 147,800   *  SPS Commerce, Inc   13,103,948 
 246,700   *,e  Tenable Holdings, Inc   6,828,656 
 464,200      TiVo Corp   5,166,546 
 162,890   *  Trade Desk, Inc   23,241,145 
 182,300   *  Varonis Systems, Inc   10,770,284 
 429,400   *  Verint Systems, Inc   20,770,078 
 233,200   *  Virtusa Corp   11,314,864 
 210,400   *  Workiva, Inc   8,815,760 
        TOTAL SOFTWARE & SERVICES   271,776,667 
50

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

 

SHARES      COMPANY  VALUE 
               
TECHNOLOGY HARDWARE & EQUIPMENT - 5.7%        
 510,800   *,e  Applied Optoelectronics, Inc  $8,877,704 
 209,848      AVX Corp   3,724,802 
 439,471   *  Ciena Corp   16,739,450 
 425,200   *  Control4 Corp   8,448,724 
 42,000   *  Electro Scientific Industries, Inc   1,260,000 
 1,569,200   *  Extreme Networks, Inc   11,863,152 
 306,700   *  II-VI, Inc   11,642,332 
 302,400   *  Insight Enterprises, Inc   13,886,208 
 632,480      Kemet Corp   11,207,546 
 205,200   *  OSI Systems, Inc   18,404,388 
 470,000   *  Sanmina Corp   14,673,400 
 217,500      SYNNEX Corp   21,045,300 
 49,020   *  Tech Data Corp   4,687,783 
 798,600   *  TTM Technologies, Inc   9,167,928 
 1,446,500   *  Viavi Solutions, Inc   16,085,080 
 774,200      Vishay Intertechnology, Inc   15,096,900 
        TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   186,810,697 
               
TELECOMMUNICATION SERVICES - 0.6%        
 119,000   *  Cincinnati Bell, Inc   992,460 
 1,974,590   *  Vonage Holdings Corp   17,988,515 
        TOTAL TELECOMMUNICATION SERVICES   18,980,975 
               
TRANSPORTATION - 2.3%        
 271,400   *  Air Transport Services Group, Inc   6,445,750 
 247,950      Arkansas Best Corp   9,327,879 
 622,500   *  Echo Global Logistics, Inc   14,790,600 
 99,700      Heartland Express, Inc   1,994,997 
 236,900   *  Hub Group, Inc (Class A)   10,544,419 
 295,508      Skywest, Inc   15,056,133 
 489,400      Werner Enterprises, Inc   16,111,048 
        TOTAL TRANSPORTATION   74,270,826 
               
UTILITIES - 3.8%        
 566,291      Clearway Energy, Inc (Class A)   8,324,478 
 478,800      New Jersey Resources Corp   23,221,800 
 305,578      NorthWestern Corp   19,529,490 
 254,700      Otter Tail Corp   12,340,215 
 104,270      Pattern Energy Group, Inc   2,218,865 
 334,382      PNM Resources, Inc   14,241,329 
 525,600      Portland General Electric Co   25,396,992 
 257,190      Southwest Gas Corp   20,143,121 
        TOTAL UTILITIES   125,416,290 
              
        TOTAL COMMON STOCKS   3,258,342,456 
        (Cost $3,101,212,840)     
51

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

 

PRINCIPAL      ISSUER  RATE  MATURITY DATE  VALUE 
      
SHORT-TERM INVESTMENTS - 3.0%     
      
GOVERNMENT AGENCY DEBT - 0.4%                    
$11,150,000      Federal Home Loan Bank (FHLB)   2.260%  02/01/19  $11,150,000 
        TOTAL GOVERNMENT AGENCY DEBT              11,150,000  
                          
SHARES       COMPANY              
                            
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.6%                    
 85,823,670   c  State Street Navigator Securities Lending Government Money Market Portfolio   85,823,670 
        TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES     85,823,670  
                      
        TOTAL SHORT-TERM INVESTMENTS           96,973,670 
        (Cost $96,973,670)             
        TOTAL INVESTMENTS - 102.7%              3,355,316,126  
        (Cost $3,198,186,510)             
        OTHER ASSETS & LIABILITIES, NET - (2.7)%              (88,036,040 )
        NET ASSETS - 100.0%          $3,267,280,086 
     
       
    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 $84,577,526.
m   Indicates a security that has been deemed illiquid.
       
52

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

 

TIAA-CREF FUNDS

QUANT SMALL/MID-CAP EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES     COMPANY  VALUE 
             
COMMON STOCKS - 99.9%     
             
AUTOMOBILES & COMPONENTS - 0.5%     
 13,128     Lear Corp  $2,020,793 
 58,552  *  Stoneridge, Inc   1,528,793 
       TOTAL AUTOMOBILES & COMPONENTS   3,549,586 
             
BANKS - 8.4%     
 121,120     Associated Banc-Corp   2,622,248 
 69,333     Bank of NT Butterfield & Son Ltd   2,430,122 
 73,228     BankUnited   2,475,839 
 68,126     Beneficial Bancorp, Inc   1,062,084 
 54,864     Cathay General Bancorp   2,036,552 
 69,242     Central Pacific Financial Corp   1,982,398 
 42,162     ConnectOne Bancorp, Inc   843,240 
 60,400     East West Bancorp, Inc   3,039,328 
 66,070  *  Essent Group Ltd   2,626,283 
 535,359     First Bancorp   5,701,573 
 5,341     First Financial Corp   221,491 
 72,103     First Hawaiian, Inc   1,855,210 
 53,874     Hancock Holding Co   2,213,144 
 60,963     Heritage Commerce Corp   808,979 
 16,261     HomeTrust Bancshares, Inc   439,047 
 42,929     LegacyTexas Financial Group, Inc   1,710,291 
 85,240     National Bank Holdings Corp   2,724,270 
 125,265     OFG Bancorp   2,427,636 
 16,262     Peoples Bancorp, Inc   520,384 
 51,205     Popular, Inc   2,796,305 
 11,550     Preferred Bank   537,768 
 7,187  *  SVB Financial Group   1,677,302 
 32,096     Synovus Financial Corp   1,136,840 
 100,223     TFS Financial Corp   1,634,637 
 74,576  *  The Bancorp, Inc   632,405 
 25,807     Trico Bancshares   973,440 
 30,971  *  Triumph Bancorp, Inc   943,377 
 36,327     United Financial Bancorp, Inc   538,003 
 51,312  *  Western Alliance Bancorp   2,272,095 
 33,954     Wintrust Financial Corp   2,415,488 
 69,499     Zions Bancorporation   3,307,457 
       TOTAL BANKS   56,605,236 
             
CAPITAL GOODS - 11.3%     
 55,081     Advanced Drainage Systems, Inc   1,404,565 
 23,631     Albany International Corp (Class A)   1,622,504 
 7,700     Allegion plc   661,122 
 49,050     Altra Holdings, Inc   1,501,420 
 106,920  *  Atkore International Group, Inc   2,479,475 
53

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

 

SHARES     COMPANY  VALUE 
             
 33,363     AZZ, Inc  $1,492,994 
 104,520  *  Builders FirstSource, Inc   1,381,754 
 45,802     Comfort Systems USA, Inc   2,197,122 
 56,780     EMCOR Group, Inc   3,703,760 
 67,180     Federal Signal Corp   1,476,616 
 35,900  *  Foundation Building Materials, Inc   328,126 
 74,766     Global Brass & Copper Holdings, Inc   2,260,924 
 99,938     Graco, Inc   4,330,314 
 140,074  *  Harsco Corp   2,983,576 
 76,794  *  HD Supply Holdings, Inc   3,220,740 
 83,680     HEICO Corp (Class A)   5,860,110 
 7,604     Hyster-Yale Materials Handling, Inc   529,162 
 27,300     IDEX Corp   3,763,578 
 75,574     ITT, Inc   3,972,170 
 8,882     Kadant, Inc   757,635 
 18,241  *  Lydall, Inc   483,751 
 108,900  *  Meritor, Inc   2,252,052 
 95,688  *  Milacron Holdings Corp   1,326,236 
 22,050     Moog, Inc (Class A)   1,972,814 
 125,367  *  MRC Global, Inc   1,958,233 
 60,198  *  MYR Group, Inc   1,834,233 
 89,707  *  NCI Building Systems, Inc   732,009 
 39,284     Oshkosh Truck Corp   2,948,264 
 65,160     Pentair plc   2,683,940 
 25,165     Primoris Services Corp   502,042 
 50,662     Quanta Services, Inc   1,790,395 
 48,110  *  SPX Corp   1,431,273 
 43,421  *  SPX FLOW, Inc   1,422,906 
 49,797  *  Thermon Group Holdings   1,148,319 
 104,072  *  Univar, Inc   2,167,820 
 101,634     Universal Forest Products, Inc   3,132,360 
 38,951  *  Vectrus, Inc   981,176 
 20,441     Watts Water Technologies, Inc (Class A)   1,530,418 
       TOTAL CAPITAL GOODS   76,225,908 
             
COMMERCIAL & PROFESSIONAL SERVICES - 3.0%     
 39,041     Brady Corp (Class A)   1,745,523 
 12,493     Dun & Bradstreet Corp   1,808,237 
 48,897     Insperity, Inc   5,216,332 
 86,990     Kforce, Inc   2,854,142 
 31,354     Kimball International, Inc (Class B)   443,032 
 18,710     Manpower, Inc   1,478,651 
 46,224     Robert Half International, Inc   2,978,212 
 40,744  *  SP Plus Corp   1,348,627 
 39,311     Systemax, Inc   917,519 
 34,002  *  TriNet Group, Inc   1,552,531 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   20,342,806 
             
CONSUMER DURABLES & APPAREL - 2.9%     
 8,067  *  Cavco Industries, Inc   1,341,461 
 23,320     Columbia Sportswear Co   2,079,911 
 30,700  *  CROCS, Inc   881,704 
54

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

 

SHARES     COMPANY  VALUE 
             
 94,056  *,e  Fossil Group, Inc  $1,595,190 
 23,860     Hooker Furniture Corp   686,452 
 8,852  *  Lululemon Athletica, Inc   1,308,414 
 36,350  *  Malibu Boats Inc   1,473,993 
 70,758  *  MasterCraft Boat Holdings, Inc   1,544,647 
 51,115  *  Meritage Homes Corp   2,304,264 
 29,611     Movado Group, Inc   946,072 
 1,348  *  NVR, Inc   3,585,680 
 44,240     Skyline Corp   798,974 
 80,044  *,e  Turtle Beach Corp   1,191,855 
       TOTAL CONSUMER DURABLES & APPAREL   19,738,617 
             
CONSUMER SERVICES - 3.1%     
 137,113     Bloomin’ Brands, Inc   2,526,993 
 106,968  *  Career Education Corp   1,380,957 
 10,100  e  Cracker Barrel Old Country Store, Inc   1,689,528 
 8,592     Domino’s Pizza, Inc   2,437,808 
 121,010     Extended Stay America, Inc   2,069,271 
 25,778  *  frontdoor, Inc   766,122 
 34,658     Hyatt Hotels Corp   2,422,941 
 56,740  *  K12, Inc   1,787,877 
 73,703  *  Regis Corp   1,374,561 
 68,845  *  ServiceMaster Global Holdings, Inc   2,684,266 
 13,790     Strategic Education Inc   1,508,626 
       TOTAL CONSUMER SERVICES   20,648,950 
             
DIVERSIFIED FINANCIALS - 3.9%     
 104,976  *  Cannae Holdings, Inc   2,030,236 
 30,657     FirstCash, Inc   2,527,056 
 24,604  *  Green Dot Corp   1,821,188 
 33,394  *  INTL FCStone, Inc   1,276,653 
 118,230     Ladder Capital Corp   2,046,561 
 149,453     Ladenburg Thalmann Financial Services, Inc   430,425 
 70,626     LPL Financial Holdings, Inc   4,969,952 
 16,078     Morningstar, Inc   1,996,084 
 161,395     OM Asset Management plc   1,996,456 
 65,942  *  OneMain Holdings, Inc   1,971,006 
 39,950     SEI Investments Co   1,899,223 
 10,000  e  Vanguard Small-Cap ETF   1,474,500 
 68,400     Virtu Financial, Inc   1,747,620 
       TOTAL DIVERSIFIED FINANCIALS   26,186,960 
             
ENERGY - 3.9%     
 195,170  *,e  Approach Resources, Inc   188,007 
 165,900     Archrock, Inc   1,566,096 
 35,047  *  Bonanza Creek Energy, Inc   807,833 
 513,367  *  Clean Energy Fuels Corp   975,397 
 44,300  *  CONSOL Energy, Inc   1,573,979 
 43,100     CVR Energy, Inc   1,730,465 
 53,859  *  Exterran Corp   934,992 
 123,679  *  FTS International, Inc   1,007,984 
55

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

 

SHARES     COMPANY  VALUE 
             
 53,467     Helmerich & Payne, Inc  $2,993,617 
 279,756  *  HighPoint Resources Corp   783,317 
 133,446  *  Keane Group, Inc   1,345,136 
 99,847  e  Liberty Oilfield Services, Inc   1,518,673 
 85,476     Murphy Oil Corp   2,337,769 
 126,840  *  Parsley Energy, Inc   2,356,687 
 141,381  *  Renewable Energy Group, Inc   4,085,911 
 69,249     World Fuel Services Corp   1,723,608 
       TOTAL ENERGY   25,929,471 
             
FOOD & STAPLES RETAILING - 1.1%     
 63,489  *  Performance Food Group Co   2,168,784 
 131,285  *,e  Rite Aid Corp   105,461 
 92,440     Spartan Stores, Inc   1,918,130 
 87,372  *  US Foods Holding Corp   2,946,184 
       TOTAL FOOD & STAPLES RETAILING   7,138,559 
             
FOOD, BEVERAGE & TOBACCO - 0.8%     
 49,791     Lamb Weston Holdings, Inc   3,599,889 
 104,050  *  Simply Good Foods Co   2,059,150 
       TOTAL FOOD, BEVERAGE & TOBACCO   5,659,039 
             
HEALTH CARE EQUIPMENT & SERVICES - 6.2%     
 22,571  *  athenahealth, Inc   3,041,217 
 22,280  *  DexCom, Inc   3,142,148 
 63,861     Encompass Health Corp   4,268,469 
 57,933     Hill-Rom Holdings, Inc   5,794,459 
 26,894  *  Integer Holding Corp   2,178,145 
 11,025  *  iRhythm Technologies, Inc   937,125 
 21,340  *  LivaNova plc   1,970,109 
 33,127  *  Orthofix International NV   1,792,502 
 28,949  *  Oxford Immunotec Global plc   420,918 
 44,743  *  Providence Service Corp   2,869,816 
 29,748     STERIS Plc   3,393,057 
 56,054  *  Veeva Systems, Inc   6,113,249 
 12,252  *  WellCare Health Plans, Inc   3,387,433 
 85,240  *  Wright Medical Group NV   2,543,562 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   41,852,209 
             
HOUSEHOLD & PERSONAL PRODUCTS - 0.6%     
 51,437     Energizer Holdings, Inc   2,438,114 
 15,644  *  USANA Health Sciences, Inc   1,831,912 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   4,270,026 
             
INSURANCE - 3.1%     
 64,512     American Equity Investment Life Holding Co   2,020,516 
 40,829     Aspen Insurance Holdings Ltd   1,703,794 
 16,940     Assurant, Inc   1,632,847 
 48,489     Axis Capital Holdings Ltd   2,596,586 
 58,328     Brown & Brown, Inc   1,584,188 
 21,051     Crawford & Co (Class B)   203,142 
 9,579     Erie Indemnity Co (Class A)   1,402,174 
56

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

 

SHARES     COMPANY  VALUE 
             
 81,500     Old Republic International Corp  $1,642,225 
 40,357     ProAssurance Corp   1,721,630 
 25,666     Reinsurance Group of America, Inc (Class A)   3,707,454 
 2,520     White Mountains Insurance Group Ltd   2,251,821 
       TOTAL INSURANCE   20,466,377 
             
MATERIALS - 6.0%     
 34,531     American Vanguard Corp   604,983 
 40,554     Avery Dennison Corp   4,235,865 
 9,100     Balchem Corp   755,482 
 73,452  *  Berry Plastics Group, Inc   3,617,511 
 52,162     Boise Cascade Co   1,432,890 
 45,036     Cabot Corp   2,111,738 
 39,665     Carpenter Technology Corp   1,874,568 
 81,448     CF Industries Holdings, Inc   3,555,205 
 41,023     Domtar Corp   1,923,979 
 34,720     Eagle Materials, Inc   2,465,120 
 37,940  *  Ingevity Corp   3,569,016 
 84,087     Louisiana-Pacific Corp   2,050,041 
 47,158  *  Omnova Solutions, Inc   420,178 
 35,551     Packaging Corp of America   3,353,170 
 30,943     Reliance Steel & Aluminum Co   2,533,613 
 38,340     Royal Gold, Inc   3,349,766 
 68,800     Steel Dynamics, Inc   2,517,392 
       TOTAL MATERIALS   40,370,517 
             
MEDIA & ENTERTAINMENT - 2.7%     
 76,595     AMC Entertainment Holdings, Inc   1,122,117 
 59,275  *  AMC Networks, Inc   3,730,768 
 78,856  *  Care.com, Inc   1,874,407 
 56,930  *  Cargurus, Inc   2,434,896 
 28,400  *  Gray Television, Inc   474,564 
 4,699  *  IAC/InterActiveCorp   992,805 
 137,549  *  Liberty TripAdvisor Holdings, Inc   2,291,566 
 6,522  *  Madison Square Garden Co   1,812,464 
 78,513     Tribune Co   3,604,532 
       TOTAL MEDIA & ENTERTAINMENT   18,338,119 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 6.8%     
 105,478  *  Akebia Therapeutics, Inc   581,184 
 8,506  *  Alnylam Pharmaceuticals, Inc   710,506 
 72,458  *  AMAG Pharmaceuticals, Inc   1,186,138 
 23,630  *  Amicus Therapeutics, Inc   284,505 
 25,351  *  ANI Pharmaceuticals, Inc   1,362,363 
 99,131  *  Array Biopharma, Inc   1,850,776 
 19,974  *  Bio-Rad Laboratories, Inc (Class A)   4,990,904 
 11,666     Bio-Techne Corp   2,035,250 
 2,412  *  Bluebird Bio, Inc   321,833 
 128,020     Bruker BioSciences Corp   4,488,381 
 39,521  *  Catalent, Inc   1,459,511 
 27,159  *  Charles River Laboratories International, Inc   3,345,717 
57

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

 

SHARES     COMPANY  VALUE 
             
 84,731  *  Enzo Biochem, Inc  $318,589 
 27,044  *  Genomic Health, Inc   2,050,206 
 56,280  *  Halozyme Therapeutics, Inc   910,610 
 84,189  *  Immunogen, Inc   441,992 
 111,700  *  Invitae Corp   1,572,736 
 26,360  *  Medpace Holdings, Inc   1,697,584 
 10,952  *  Neurocrine Biosciences, Inc   966,185 
 41,508  *  Pacira Pharmaceuticals, Inc   1,688,545 
 35,583     Phibro Animal Health Corp   1,110,901 
 87,085  *  QIAGEN NV   3,224,758 
 25,264  *  Retrophin, Inc   544,692 
 40,610  *  Sangamo Biosciences, Inc   474,731 
 4,227  *  Sarepta Therapeutics, Inc   590,554 
 26,261  *  Seattle Genetics, Inc   2,007,128 
 42,702  *,e  Theravance Biopharma, Inc   1,112,387 
 11,893  *  United Therapeutics Corp   1,371,620 
 110,517  *  Vanda Pharmaceuticals, Inc   2,998,326 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   45,698,612 
             
REAL ESTATE - 10.8%     
 52,162     American Assets Trust, Inc   2,239,836 
 67,319     American Campus Communities, Inc   3,098,020 
 71,893     BraeMar Hotels & Resorts, Inc   799,450 
 49,668     Camden Property Trust   4,815,313 
 47,700     CareTrust REIT, Inc   1,048,446 
 106,701     CatchMark Timber Trust Inc   980,582 
 157,262     Columbia Property Trust, Inc   3,470,772 
 70,600     CubeSmart   2,185,070 
 74,567     Douglas Emmett, Inc   2,820,870 
 76,984     Equity Commonwealth   2,491,202 
 55,104  e  Farmland Partners, Inc   309,133 
 71,975     First Industrial Realty Trust, Inc   2,355,022 
 83,219     Gaming and Leisure Properties, Inc   3,120,712 
 53,292     Getty Realty Corp   1,708,542 
 80,330     Healthcare Trust of America, Inc   2,282,979 
 22,775     Highwoods Properties, Inc   1,009,388 
 91,635     Kennedy-Wilson Holdings, Inc   1,831,784 
 101,911     Liberty Property Trust   4,804,085 
 77,663     Mack-Cali Realty Corp   1,599,858 
 63,903     MedEquities Realty Trust, Inc   739,358 
 33,824     NexPoint Residential Trust, Inc   1,265,356 
 20,075     One Liberty Properties, Inc   546,040 
 112,638     Outfront Media, Inc   2,337,238 
 12,005     PS Business Parks, Inc   1,743,006 
 64,264     Regency Centers Corp   4,177,160 
 228,212     Retail Properties of America, Inc   2,884,600 
 159,222     RLJ Lodging Trust   2,953,568 
 10,600     RMR Group, Inc   699,706 
 46,569     Sun Communities, Inc   5,118,399 
 54,599     Taubman Centers, Inc   2,719,030 
 137,600     VICI Properties, Inc   2,962,528 
 73,308     Xenia Hotels & Resorts, Inc   1,375,991 
       TOTAL REAL ESTATE   72,493,044 
58

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

 

SHARES     COMPANY  VALUE 
             
RETAILING - 4.7%     
 123,294     American Eagle Outfitters, Inc  $2,603,969 
 97,383  *  Barnes & Noble Education, Inc   557,031 
 66,580  *  BJ’s Wholesale Club Holdings, Inc   1,751,720 
 18,188  *  Burlington Stores, Inc   3,123,061 
 54,043     Citi Trends, Inc   1,107,341 
 90,302     Core-Mark Holding Co, Inc   2,517,620 
 61,950     DSW, Inc (Class A)   1,688,137 
 44,090  *  Etsy, Inc   2,409,519 
 7,300  *  Five Below, Inc   903,229 
 68,825  *  Lands’ End, Inc   1,231,968 
 24,500  *  Ollie’s Bargain Outlet Holdings, Inc   1,915,165 
 22,083  *  RH   3,000,417 
 109,543  *  Sleep Number Corp   3,943,548 
 27,932  *  Wayfair, Inc   3,057,437 
 66,674  *  Zumiez, Inc   1,694,186 
       TOTAL RETAILING   31,504,348 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.7%     
 235,118  *  Advanced Micro Devices, Inc   5,739,231 
 58,079     Brooks Automation, Inc   1,807,999 
 26,060  *  First Solar, Inc   1,318,375 
 115,303     Marvell Technology Group Ltd   2,136,565 
 92,100  *  NeoPhotonics Corp Ltd   664,962 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   11,667,132 
             
SOFTWARE & SERVICES - 8.1%     
 204,327  *  A10 Networks, Inc   1,387,380 
 60,801  *  Black Knight, Inc   2,990,801 
 9,949  *  CACI International, Inc (Class A)   1,663,274 
 92,845  *  Cadence Design Systems, Inc   4,459,345 
 177,884  *  Cloudera, Inc   2,401,434 
 20,500  *  Everbridge, Inc   1,268,130 
 216,684  *  Everi Holdings, Inc   1,440,949 
 46,300     EVERTEC, Inc   1,281,121 
 72,371  *  Five9, Inc   3,700,329 
 26,600  *  ForeScout Technologies, Inc   811,300 
 44,434     Hackett Group, Inc   799,368 
 234,173  *  Limelight Networks, Inc   730,620 
 80,811  *  Model N, Inc   1,172,568 
 41,946     Pegasystems, Inc   2,361,140 
 94,660     Perspecta, Inc   1,897,933 
 61,468     Progress Software Corp   2,226,986 
 17,990  *  Proofpoint, Inc   1,832,641 
 23,017  *  RingCentral, Inc   2,127,691 
 139,320     Sabre Corp   3,201,574 
 26,135  *  SPS Commerce, Inc   2,317,129 
 20,669  *  Trade Desk, Inc   2,949,053 
 48,137  *  Twilio, Inc   5,358,611 
 54,759  *  Workiva, Inc   2,294,402 
 51,968  *  Zendesk, Inc   3,509,399 
       TOTAL SOFTWARE & SERVICES   54,183,178 
59

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

 

SHARES     COMPANY  VALUE 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 4.7%     
 161,232  *  Aerohive Networks, Inc  $615,906 
 79,724     Avnet, Inc   3,284,629 
 69,718     CDW Corp   5,805,418 
 42,209  *  Cray, Inc   926,066 
 47,800     Flir Systems, Inc   2,336,464 
 145,723  *  Harmonic, Inc   770,875 
 54,687  *  Insight Enterprises, Inc   2,511,227 
 35,605     InterDigital, Inc   2,592,400 
 107,514     Jabil Circuit, Inc   2,865,248 
 63,374  *  Keysight Technologies, Inc   4,690,943 
 34,550  *  Sanmina Corp   1,078,651 
 22,300  *  Zebra Technologies Corp (Class A)   3,871,280 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   31,349,107 
             
TELECOMMUNICATION SERVICES - 1.0%     
 74,003     Telephone & Data Systems, Inc   2,680,389 
 165,400  *  Vonage Holdings Corp   1,506,794 
 102,932  *  Zayo Group Holdings, Inc   2,825,483 
       TOTAL TELECOMMUNICATION SERVICES   7,012,666 
             
TRANSPORTATION - 2.1%     
 58,889  *  Echo Global Logistics, Inc   1,399,203 
 28,721     Forward Air Corp   1,681,040 
 86,641  *  Hub Group, Inc (Class A)   3,856,391 
 29,513     Landstar System, Inc   2,997,930 
 73,375     Marten Transport Ltd   1,419,806 
 88,022  *  Radiant Logistics, Inc   434,829 
 40,076     Skywest, Inc   2,041,872 
       TOTAL TRANSPORTATION   13,831,071 
             
UTILITIES - 2.5%     
 79,754     Clearway Energy, Inc (Class A)   1,172,384 
 29,306     ONE Gas, Inc   2,407,488 
 11,627     Pinnacle West Capital Corp   1,024,571 
 55,215     Portland General Electric Co   2,667,989 
 76,377     UGI Corp   4,355,780 
 211,213  *  Vistra Energy Corp   5,303,558 
       TOTAL UTILITIES   16,931,770 
             
       TOTAL COMMON STOCKS   671,993,308 
       (Cost $600,086,432)     

 

PRINCIPAL     ISSUER   RATE  MATURITY
DATE
    
                     
SHORT-TERM INVESTMENTS - 1.2%             
                     
GOVERNMENT AGENCY DEBT - 0.3%             
$1,610,000     Federal Home Loan Bank (FHLB)   2.260%  02/01/19   1,610,000 
       TOTAL GOVERNMENT AGENCY DEBT           1,610,000 
60

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

 

SHARES     COMPANY  VALUE 
             
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.9%     
 6,225,873  c  State Street Navigator Securities Lending Government Money Market Portfolio  $6,225,873 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   6,225,873 
             
       TOTAL SHORT-TERM INVESTMENTS   7,835,873 
       (Cost $7,835,873)     
       TOTAL INVESTMENTS - 101.1%   679,829,181 
       (Cost $607,922,305)     
       OTHER ASSETS & LIABILITIES, NET - (1.1)%   (7,155,434)
       NET ASSETS - 100.0%  $672,673,747 
         
       
      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 $6,092,504.
61

TIAA-CREF FUNDS - Social Choice Equity Fund

 

TIAA-CREF FUNDS
SOCIAL CHOICE EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2019

 

SHARES     COMPANY  VALUE 
              
COMMON STOCKS - 99.3%        
              
AUTOMOBILES & COMPONENTS - 0.5%        
 55,976     Aptiv plc  $4,429,381 
 12,746     BorgWarner, Inc   521,312 
 66,583     Harley-Davidson, Inc   2,454,249 
 22,556  *  Modine Manufacturing Co   329,994 
 39,858  *  Tesla, Inc   12,237,203 
       TOTAL AUTOMOBILES & COMPONENTS   19,972,139 
              
BANKS - 5.1%        
 1,694     Ameris Bancorp   64,287 
 26,689     Associated Banc-Corp   577,817 
 1,935,258     Bank of America Corp   55,096,795 
 47,422     Bank OZK   1,438,784 
 3,518     Banner Corp   191,872 
 339,486     BB&T Corp   16,566,917 
 17,500     Berkshire Hills Bancorp, Inc   476,875 
 6,267     Brookline Bancorp, Inc   93,190 
 8,221     Bryn Mawr Bank Corp   304,095 
 1,799     Cadence BanCorp   33,731 
 3,985     Camden National Corp   161,472 
 402,083     Citizens Financial Group, Inc   13,638,655 
 440     Columbia Banking System, Inc   16,170 
 108,335     Comerica, Inc   8,530,298 
 321     Commerce Bancshares, Inc   19,196 
 1,572     Community Trust Bancorp, Inc   63,839 
 3,270     Cullen/Frost Bankers, Inc   318,106 
 46,110  *  Customers Bancorp, Inc   906,984 
 12,542     Federal Agricultural Mortgage Corp (Class C)   887,347 
 288,180     Fifth Third Bancorp   7,728,988 
 10,587     First Busey Corp   262,134 
 2,352     First Financial Corp   97,537 
 44,108     First Republic Bank   4,262,156 
 1,130     FNB Corp   13,165 
 540     Glacier Bancorp, Inc   22,777 
 1,279     Hancock Holding Co   52,541 
 22,377     Hanmi Financial Corp   490,728 
 8,920     Heartland Financial USA, Inc   404,611 
 3,902     Heritage Financial Corp   120,884 
 19,184  *  HomeStreet, Inc   469,433 
 13,122     HomeTrust Bancshares, Inc   354,294 
 285,811     Huntington Bancshares, Inc   3,784,138 
 5,708     Investors Bancorp, Inc   69,295 
 15,606     Kearny Financial Corp   200,381 
 654,066     Keycorp   10,772,467 
 24,031     Live Oak Bancshares, Inc   334,031 
 90,129     M&T Bank Corp   14,829,826 
62

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
             
 17,553  *  MGIC Investment Corp  $219,061 
 11,344     National Bank Holdings Corp   362,554 
 310     NBT Bancorp, Inc   11,042 
 69,768     New York Community Bancorp, Inc   810,704 
 35,524  *  NMI Holdings, Inc   781,528 
 22,664     Northfield Bancorp, Inc   324,322 
 45,811     OFG Bancorp   887,817 
 7,838     Old National Bancorp   126,505 
 21,559     Opus Bank   450,583 
 16,485     PacWest Bancorp   636,156 
 982     People’s United Financial, Inc   16,085 
 53,702     Pinnacle Financial Partners, Inc   2,887,557 
 217,463     PNC Financial Services Group, Inc   26,676,186 
 36,221     Popular, Inc   1,978,029 
 15,663     Provident Financial Services, Inc   387,033 
 682,855     Regions Financial Corp   10,358,910 
 5,811     Signature Bank   739,798 
 6,239     Sterling Bancorp/DE   120,038 
 12,826     Stock Yards Bancorp, Inc   443,395 
 16,030  *  SVB Financial Group   3,741,081 
 1,879  *  Texas Capital Bancshares, Inc   109,489 
 10,055     TFS Financial Corp   163,997 
 17,614  *  The Bancorp, Inc   149,367 
 3,796     Trico Bancshares   143,185 
 31,975  *  Tristate Capital Holdings, Inc   651,011 
 350     Trustmark Corp   11,036 
 2,167     UMB Financial Corp   139,468 
 650     Umpqua Holdings Corp   11,492 
 6,031     Union Bankshares Corp   190,338 
 3,046     United Bankshares, Inc   107,737 
 10,303     Univest Corp of Pennsylvania   242,018 
 3,230     Webster Financial Corp   174,032 
 1,553     Westamerica Bancorporation   97,311 
 13,557  *  Western Alliance Bancorp   600,304 
 230     Wintrust Financial Corp   16,362 
 684     WSFS Financial Corp   28,844 
 55,123     Zions Bancorporation   2,623,304 
       TOTAL BANKS   201,073,495 
              
CAPITAL GOODS - 6.7%      
 162,937     3M Co   32,636,281 
 954     Acuity Brands, Inc   115,348 
 3,315     Air Lease Corp   125,771 
 12,786     Albany International Corp (Class A)   877,887 
 11,569     Argan, Inc   488,443 
 26,628  *  Armstrong Flooring, Inc   360,011 
 32,466  *  Astronics Corp   995,732 
 52,363  *  Axon Enterprise, Inc   2,671,037 
 46,198     Barnes Group, Inc   2,729,378 
 419  *  Beacon Roofing Supply, Inc   15,222 
 46,759  *  Builders FirstSource, Inc   618,154 
 11,825     Carlisle Cos, Inc   1,273,907 
 186,879     Caterpillar, Inc   24,884,808 
63

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
             
 1,817     Cubic Corp  $116,779 
 35,835     Cummins, Inc   5,271,687 
 69,524     Curtiss-Wright Corp   7,892,364 
 99,550     Deere & Co   16,326,200 
 166,074     Eaton Corp   12,663,142 
 1,365     EMCOR Group, Inc   89,039 
 50,744  *  Esterline Technologies Corp   6,175,545 
 59,517     Fastenal Co   3,598,398 
 59,113     Fortive Corp   4,432,884 
 300     GATX Corp   22,704 
 22,437     Graco, Inc   972,195 
 245     Granite Construction, Inc   10,589 
 28,146  *  Herc Holdings, Inc   1,042,809 
 82,903     Hexcel Corp   5,613,362 
 160,575     Illinois Tool Works, Inc   22,048,553 
 69,059     Ingersoll-Rand plc   6,908,662 
 260,229     Johnson Controls International plc   8,787,933 
 71,811  *  KEYW Holding Corp, The   515,603 
 67,680     L3 Technologies, Inc   13,324,838 
 25,825  *  Lydall, Inc   684,879 
 171,085     Masco Corp   5,544,865 
 52,845  *  Mercury Systems, Inc   3,098,302 
 23,535     Moog, Inc (Class A)   2,105,676 
 3,829  *  MYR Group, Inc   116,670 
 22,506  *,e  Nexeo Solutions, Inc   211,556 
 6,412     Owens Corning, Inc   335,925 
 84,023     PACCAR, Inc   5,505,187 
 41,230     Parker-Hannifin Corp   6,795,116 
 96,651  *,e  Plug Power, Inc   132,412 
 46,206     Quanta Services, Inc   1,632,920 
 37,955     Rockwell Automation, Inc   6,434,132 
 36,980     Roper Industries, Inc   10,474,955 
 2,611     Rush Enterprises, Inc (Class A)   99,871 
 33,429  *  Sensata Technologies Holding plc   1,587,877 
 9,292     Snap-On, Inc   1,542,379 
 115,622     Spirit Aerosystems Holdings, Inc (Class A)   9,642,875 
 14,045     Stanley Black & Decker, Inc   1,775,850 
 45,543  *  Teledyne Technologies, Inc   10,211,651 
 10,913  *  Titan Machinery, Inc   204,510 
 12,875  *  Trimas Corp   373,246 
 22,520  *  United Rentals, Inc   2,820,855 
 13,198  *  Veritiv Corp   450,712 
 13,236     W.W. Grainger, Inc   3,909,782 
 1,174     Wabash National Corp   16,366 
 83,851  *  Wesco Aircraft Holdings, Inc   732,858 
 1,355  *  WESCO International, Inc   71,002 
 36,655     Woodward Governor Co   3,330,107 
 36,530     Xylem, Inc   2,603,128 
       TOTAL CAPITAL GOODS   266,050,929 
              
COMMERCIAL & PROFESSIONAL SERVICES - 1.1%     
 540     ABM Industries, Inc   18,463 
64

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
             
 9,872     ACCO Brands Corp  $87,170 
 4,684  *  Cimpress NV   389,568 
 269,575  *  Copart, Inc   13,648,582 
 650     Covanta Holding Corp   10,465 
 12,306     Deluxe Corp   578,013 
 4,232     Exponent, Inc   211,431 
 4,282     Heidrick & Struggles International, Inc   141,520 
 8,866  *  Huron Consulting Group, Inc   428,671 
 4,156     ICF International, Inc   273,963 
 262,982  *  IHS Markit Ltd   13,654,025 
 12,692     Insperity, Inc   1,353,983 
 12,845     Kelly Services, Inc (Class A)   287,728 
 5,758     Kimball International, Inc (Class B)   81,361 
 590     Knoll, Inc   11,894 
 10,228     Manpower, Inc   808,319 
 14,602  *  Mistras Group, Inc   214,795 
 430     Mobile Mini, Inc   16,250 
 8,831     Navigant Consulting, Inc   228,900 
 970  *  On Assignment, Inc   61,100 
 19,611     Resources Connection, Inc   327,700 
 52,605     Robert Half International, Inc   3,389,340 
 1,210     Steelcase, Inc (Class A)   19,965 
 33,675  *,e  Team, Inc   482,899 
 120,100     TransUnion   7,304,482 
 2,825  *  TriNet Group, Inc   128,989 
 2,208     Viad Corp   116,362 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   44,275,938 
              
CONSUMER DURABLES & APPAREL - 1.5%       
 13,930     Callaway Golf Co   226,920 
 595  *  Capri Holdings Ltd   25,276 
 22,010  *  Century Communities, Inc   516,355 
 396     Columbia Sportswear Co   35,319 
 490     Ethan Allen Interiors, Inc   9,300 
 48,285  *,e  Fossil Group, Inc   818,914 
 9,306  *  Green Brick Partners, Inc   78,729 
 53,158     Hanesbrands, Inc   796,838 
 258     Hasbro, Inc   23,364 
 2,202  *  Helen of Troy Ltd   255,520 
 12,394  *  iRobot Corp   1,112,857 
 55,384     Lennar Corp (Class A)   2,626,309 
 10,411  *,e  LGI Homes, Inc   617,372 
 12,186  *  Lululemon Athletica, Inc   1,801,213 
 75,045  *  Mattel, Inc   888,533 
 7,028  *  Meritage Homes Corp   316,822 
 17,259  *  Mohawk Industries, Inc   2,222,787 
 1,458     Movado Group, Inc   46,583 
 140,701     Newell Rubbermaid, Inc   2,984,268 
 392,949     Nike, Inc (Class B)   32,174,664 
 1,614     PVH Corp   176,104 
 65,920  *  Under Armour, Inc   1,248,525 
 80,428  *  Under Armour, Inc (Class A)   1,668,077 
 4,706  *  Unifi, Inc   100,661 
65

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
             
 74,386     VF Corp  $6,261,070 
 9,044     Whirlpool Corp   1,202,942 
       TOTAL CONSUMER DURABLES & APPAREL   58,235,322 
              
CONSUMER SERVICES - 2.2%      
 7,964  *  American Public Education, Inc   235,655 
 43,236     ARAMARK Holdings Corp   1,424,626 
 49,615     BBX Capital Corp   306,125 
 4,297  *  Bright Horizons Family Solutions   497,550 
 27,978     Carriage Services, Inc   544,172 
 5,410  *  Chipotle Mexican Grill, Inc (Class A)   2,865,190 
 13,555     Choice Hotels International, Inc   1,073,014 
 33,819     Darden Restaurants, Inc   3,548,628 
 320     DineEquity, Inc   24,406 
 26,826  *  El Pollo Loco Holdings, Inc   442,361 
 12,999  *  frontdoor, Inc   386,330 
 130,060     Hilton Worldwide Holdings, Inc   9,686,869 
 51,691  *  Houghton Mifflin Harcourt Co   541,205 
 165,797     Marriott International, Inc (Class A)   18,988,730 
 3,589     Marriott Vacations Worldwide Corp   317,770 
 55,172  *  Norwegian Cruise Line Holdings Ltd   2,837,496 
 18,056  *  Red Robin Gourmet Burgers, Inc   577,431 
 60,499     Royal Caribbean Cruises Ltd   7,262,905 
 38,369     Service Corp International   1,646,797 
 25,999  *  ServiceMaster Global Holdings, Inc   1,013,701 
 433,004     Starbucks Corp   29,504,892 
 9,266     Vail Resorts, Inc   1,744,417 
 2,296  *  Weight Watchers International, Inc   73,472 
       TOTAL CONSUMER SERVICES   85,543,742 
          
DIVERSIFIED FINANCIALS - 6.1%
 58,449     Ally Financial, Inc   1,523,181 
 255,222     American Express Co   26,211,299 
 26,292     Ameriprise Financial, Inc   3,328,567 
 359,835     Bank of New York Mellon Corp   18,826,567 
 49,759     BlackRock, Inc   20,653,966 
 194,338     Capital One Financial Corp   15,661,699 
 426,206     Charles Schwab Corp   19,933,655 
 137,585     CME Group, Inc   25,078,994 
 280     Cohen & Steers, Inc   10,536 
 182,870     Discover Financial Services   12,341,896 
 26,410     E*TRADE Financial Corp   1,232,291 
 8,872     Factset Research Systems, Inc   1,939,685 
 77,683     Franklin Resources, Inc   2,300,194 
 9,333  *  Green Dot Corp   690,829 
 41,550     IntercontinentalExchange Group, Inc   3,189,378 
 165,102     Invesco Ltd   3,008,159 
 4,700     Invesco Mortgage Capital, Inc   75,670 
 24,238     Legg Mason, Inc   722,292 
 42,240     Moody’s Corp   6,695,462 
 536,542     Morgan Stanley   22,695,726 
66

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
             
 14,006  *,m  NewStar Financial, Inc  $3,635 
 119,931     Northern Trust Corp   10,609,096 
 55,811  *  On Deck Capital, Inc   419,699 
 5,668  *  PRA Group, Inc   167,263 
 119,778     S&P Global, Inc   22,955,454 
 123,600     State Street Corp   8,763,240 
 52,574     T Rowe Price Group, Inc   4,913,566 
 87,469     TD Ameritrade Holding Corp   4,893,891 
 25,591     Voya Financial, Inc   1,188,190 
       TOTAL DIVERSIFIED FINANCIALS   240,034,080 
              
ENERGY - 5.1%        
 179,060  *  Antero Resources Corp   1,801,344 
 88,873     Apache Corp   2,916,812 
 38,878     Archrock, Inc   367,008 
 161,663     Baker Hughes a GE Co   3,810,397 
 27,741  *  Bonanza Creek Energy, Inc   639,430 
 65,960  *  California Resources Corp   1,329,094 
 221,985  *  Callon Petroleum Co   1,806,958 
 83,614  *  Cheniere Energy, Inc   5,489,259 
 18,391     Cimarex Energy Co   1,385,578 
 422,291     ConocoPhillips   28,584,878 
 26,742  *,e  Covia Holdings Corp   125,152 
 18,082     Delek US Holdings, Inc   587,846 
 671,026  *  Denbury Resources, Inc   1,362,183 
 142,795  *  Devon Energy Corp   3,805,487 
 58,484     EQT Corp   1,138,683 
 16,785  *  Exterran Corp   291,388 
 127,354  *  Forum Energy Technologies, Inc   625,308 
 20,460     Green Plains Renewable Energy, Inc   290,737 
 45,139  *  Gulfport Energy Corp   378,716 
 86,778  *  Helix Energy Solutions Group, Inc   592,694 
 75,067     Hess Corp   4,053,618 
 1,203,650     Kinder Morgan, Inc   21,786,065 
 244,510  *  Laredo Petroleum Holdings, Inc   929,138 
 307,867     Marathon Oil Corp   4,861,220 
 14,654  *  Matrix Service Co   314,328 
 78,097  *  McDermott International, Inc   688,815 
 204,528     National Oilwell Varco, Inc   6,029,485 
 10,506  *  Natural Gas Services Group, Inc   173,454 
 58,596  *  Newpark Resources, Inc   486,933 
 163,893     Noble Energy, Inc   3,661,370 
 237,760  *  Oasis Petroleum, Inc   1,431,315 
 340,807     Occidental Petroleum Corp   22,759,092 
 12,097  *  Oceaneering International, Inc   189,802 
 422  *  Oil States International, Inc   7,267 
 159,210     ONEOK, Inc   10,222,874 
 25,647     PBF Energy, Inc   939,193 
 8,712  *  PDC Energy, Inc   283,750 
 55,112     Pioneer Natural Resources Co   7,843,540 
 62,594     Range Resources Corp   690,412 
 45,154  *  Renewable Energy Group, Inc   1,304,951 
 528,940     Schlumberger Ltd   23,384,437 
67

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
             
 13,165  *  Select Energy Services, Inc  $111,902 
 87,687     SM Energy Co   1,720,419 
 169,358  *  Southwestern Energy Co   740,094 
 241,087  *  Superior Energy Services   942,650 
 13,397     Targa Resources Investments, Inc   576,205 
 133,378  *  Tetra Technologies, Inc   284,095 
 17,909  *  Tidewater, Inc   385,402 
 81,725  *  Unit Corp   1,304,331 
 22,379  e  US Silica Holdings Inc   301,669 
 217,050     Valero Energy Corp   19,061,331 
 244,841     Williams Cos, Inc   6,593,568 
 31,849     World Fuel Services Corp   792,722 
       TOTAL ENERGY   202,184,399 
              
FOOD & STAPLES RETAILING - 0.5%      
 13,813     Andersons, Inc   484,146 
 35,243     Casey’s General Stores, Inc   4,535,069 
 32,171  *  Chefs’ Warehouse Holdings, Inc   1,033,332 
 18,451     Pricesmart, Inc   1,130,124 
 26,371  *  Smart & Final Stores, Inc   159,017 
 47,751     Spartan Stores, Inc   990,833 
 120,401  *  Sprouts Farmers Market, Inc   2,887,216 
 74,207  *  United Natural Foods, Inc   972,112 
 253,564  *  US Foods Holding Corp   8,550,178 
 14,051     Weis Markets, Inc   681,755 
       TOTAL FOOD & STAPLES RETAILING   21,423,782 
              
FOOD, BEVERAGE & TOBACCO - 3.6%        
 26,746     Bunge Ltd   1,472,902 
 75,680     Campbell Soup Co   2,681,342 
 949,670     Coca-Cola Co   45,707,617 
 229,108     General Mills, Inc   10,181,559 
 3,800  *  Hain Celestial Group, Inc   69,654 
 70,402     Hormel Foods Corp   2,979,413 
 118,265     Kellogg Co   6,978,818 
 17,709     McCormick & Co, Inc   2,189,541 
 580,901     Mondelez International, Inc   26,872,480 
 363,305     PepsiCo, Inc   40,933,575 
 674  *  TreeHouse Foods, Inc   39,335 
       TOTAL FOOD, BEVERAGE & TOBACCO   140,106,236 
              
HEALTH CARE EQUIPMENT & SERVICES - 6.7%        
 18,978  *  Abiomed, Inc   6,662,606 
 14,457  *  Acadia Healthcare Co, Inc   395,544 
 77,582  *  Accuray, Inc   341,361 
 47,208  *  Align Technology, Inc   11,752,432 
 19,211  *  Amedisys, Inc   2,519,715 
 21,087  *  AMN Healthcare Services, Inc   1,366,227 
 50,424  *  Angiodynamics, Inc   1,063,946 
 29,851  *  athenahealth, Inc   4,022,124 
 18,911  *  AtriCure, Inc   585,295 
68

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
             
 108,009     Becton Dickinson & Co  $26,943,925 
 27,413  *  BioTelemetry, Inc   1,968,802 
 60,590  *  Brookdale Senior Living, Inc   493,808 
 20,471  *  Capital Senior Living Corp   142,683 
 142,328     Cardinal Health, Inc   7,112,130 
 108,343  *  Centene Corp   14,146,345 
 122,525  *  Cerner Corp   6,727,848 
 59,065  *  Cerus Corp   352,027 
 23,687     Cigna Corp   4,732,899 
 21,203  *  Civitas Solutions, Inc   375,929 
 19,097     Computer Programs & Systems, Inc   501,105 
 13,508     Cooper Cos, Inc   3,765,490 
 4,329  *  Corvel Corp   270,433 
 17,829  *  Cross Country Healthcare, Inc   171,693 
 218,905     CVS Health Corp   14,349,223 
 52,454     Dentsply Sirona, Inc   2,200,445 
 1,590  *  Diplomat Pharmacy, Inc   23,055 
 76,386  *  Edwards Lifesciences Corp   13,017,702 
 26,220  *  GenMark Diagnostics, Inc   174,101 
 12,520  *  Glaukos Corp   798,651 
 6,696  *  Globus Medical, Inc   301,655 
 7,898  *  Haemonetics Corp   781,191 
 111,678     HCA Holdings, Inc   15,571,264 
 22,037  *  Henry Schein, Inc   1,712,275 
 1,664  *  Heska Corp   164,070 
 2,640  *  HMS Holdings Corp   79,174 
 82,508  *  Hologic, Inc   3,663,355 
 69,539     Humana, Inc   21,486,856 
 43,591  *  IDEXX Laboratories, Inc   9,275,293 
 18,829  *  Integer Holding Corp   1,524,961 
 41,902  *  Laboratory Corp of America Holdings   5,839,044 
 16,182     LeMaitre Vascular, Inc   385,779 
 15,190  *  LHC Group, Inc   1,606,039 
 7,921  *  LivaNova plc   731,267 
 1,635  *  Magellan Health Services, Inc   106,537 
 9,720  *  Medidata Solutions, Inc   689,731 
 26,417  *  Merit Medical Systems, Inc   1,493,353 
 1,816  *  NextGen Healthcare, Inc   32,107 
 25,565  *  Omnicell, Inc   1,665,048 
 37,310  *  OraSure Technologies, Inc   479,433 
 5,709  *  Orthofix International NV   308,914 
 3,428  *  Penumbra, Inc   498,808 
 1,887  *  Premier, Inc   75,084 
 11,279  *  Providence Service Corp   723,435 
 22,904     Quest Diagnostics, Inc   2,000,664 
 5,122  *  Quidel Corp   297,230 
 36,676     Resmed, Inc   3,490,455 
 14,148  *  Select Medical Holdings Corp   220,992 
 30,225  *  Staar Surgical Co   1,079,939 
 17,725  *,e  Surgery Partners, Inc   231,843 
 20,553  *  Tactile Systems Technology, Inc   1,368,419 
 50,858  *,e  Teladoc, Inc   3,265,084 
 20,417  *  Tivity Health, Inc   454,482 
69

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
             
 14,688  *  Triple-S Management Corp (Class B)  $296,110 
 193,921     UnitedHealth Group, Inc   52,397,454 
 3,727     US Physical Therapy, Inc   394,652 
 13,533  *  Varian Medical Systems, Inc   1,786,762 
 18,508  *  Vocera Communications, Inc   755,497 
 3,149     West Pharmaceutical Services, Inc   340,942 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   264,552,742 
              
HOUSEHOLD & PERSONAL PRODUCTS - 2.1%      
 2,378     Clorox Co   352,848 
 260,833     Colgate-Palmolive Co   16,870,678 
 64,627     Estee Lauder Cos (Class A)   8,816,415 
 50,403     Kimberly-Clark Corp   5,613,886 
 547,580     Procter & Gamble Co   52,825,043 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   84,478,870 
              
INSURANCE - 3.7%        
 75,657     Allstate Corp   6,647,980 
 455,720     American International Group, Inc   19,700,776 
 26,961     Aspen Insurance Holdings Ltd   1,125,082 
 193,657     Chubb Ltd   25,766,064 
 29,570  *  Genworth Financial, Inc (Class A)   143,119 
 142,304     Loews Corp   6,816,362 
 237,157     Marsh & McLennan Cos, Inc   20,914,876 
 46,413     Principal Financial Group   2,323,899 
 335,142     Progressive Corp   22,551,705 
 236,532     Prudential Financial, Inc   21,794,058 
 128,444     Travelers Cos, Inc   16,124,860 
       TOTAL INSURANCE   143,908,781 
              
MATERIALS - 3.0%        
 99,743     Air Products & Chemicals, Inc   16,396,752 
 7,701     Aptargroup, Inc   763,323 
 97,555     Ball Corp   5,100,175 
 791     Bemis Co, Inc   38,632 
 17,130     Celanese Corp (Series A)   1,640,369 
 31,721  *  Century Aluminum Co   291,833 
 21,368  *  Clearwater Paper Corp   720,529 
 46,693     Commercial Metals Co   814,793 
 1,709     Compass Minerals International, Inc   89,295 
 147,659     Ecolab, Inc   23,355,224 
 7,652     FMC Corp   610,630 
 945     H.B. Fuller Co   46,674 
 9,579     International Flavors & Fragrances, Inc   1,358,111 
 99,782     International Paper Co   4,732,660 
 36,854  *  Kraton Polymers LLC   1,039,283 
 149,747     Linde plc   24,410,259 
 22,260     Louisiana-Pacific Corp   542,699 
 13,163     Martin Marietta Materials, Inc   2,325,639 
 10,187     Minerals Technologies, Inc   596,653 
 121,472     Mosaic Co   3,921,116 
70

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
             
 137,664     Newmont Mining Corp  $4,695,719 
 205,346     Nucor Corp   12,575,389 
 48,971     PH Glatfelter Co   625,849 
 2,337     Reliance Steel & Aluminum Co   191,354 
 55,648     Royal Gold, Inc   4,861,966 
 4,126     Schnitzer Steel Industries, Inc (Class A)   99,849 
 6,530     Sealed Air Corp   257,935 
 26,220  *  Summit Materials, Inc   400,117 
 16,409     Trinseo S.A.   804,861 
 13,175  *  US Concrete, Inc   469,030 
 27,076     Vulcan Materials Co   2,752,275 
 74,396     WestRock Co   3,028,661 
       TOTAL MATERIALS   119,557,654 
              
MEDIA & ENTERTAINMENT - 5.6%        
 51,909  *  Alphabet, Inc (Class A)   58,443,824 
 52,818  *  Alphabet, Inc (Class C)   58,964,430 
 711     Cable One, Inc   628,766 
 14,361     Cinemark Holdings, Inc   587,652 
 40,660  *  Clear Channel Outdoor Holdings, Inc (Class A)   226,476 
 181,655  *  Discovery, Inc (Class A)   5,155,369 
 197,556  *  Discovery, Inc (Class C)   5,264,867 
 20,213  *  Electronic Arts, Inc   1,864,447 
 99,663     Entravision Communications Corp (Class A)   392,672 
 120,599     Gannett Co, Inc   1,337,443 
 48,437  *  GCI Liberty, Inc   2,465,443 
 106,087  *  Gray Television, Inc   1,772,714 
 15,284  *  Imax Corp   317,449 
 54,214     Interpublic Group of Cos, Inc   1,233,368 
 2,205     John Wiley & Sons, Inc (Class A)   114,175 
 123,847  *  Liberty Broadband Corp (Class C)   10,529,472 
 46,566  *  Live Nation, Inc   2,491,747 
 8,163  *  Loral Space & Communications, Inc   294,766 
 7,778     Marcus Corp   346,665 
 10,901  e  Meredith Corp   591,597 
 111,414  *  NetFlix, Inc   37,825,053 
 58,591  e  New York Times Co (Class A)   1,506,375 
 113,293     Omnicom Group, Inc   8,823,259 
 182,283  *  Pandora Media, Inc   1,527,532 
 320     Scholastic Corp   13,341 
 23,476     Sinclair Broadcast Group, Inc (Class A)   723,296 
 1,880,461  e  Sirius XM Holdings, Inc   10,963,088 
 18,146     Tribune Co   833,083 
 79,880  *  TripAdvisor, Inc   4,583,514 
 29,875     World Wrestling Entertainment, Inc (Class A)   2,459,907 
       TOTAL MEDIA & ENTERTAINMENT   222,281,790 
              
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.0%      
 271,896     AbbVie, Inc   21,830,530 
 54,132  *  Acadia Pharmaceuticals, Inc   1,233,127 
 11,304  *  Acceleron Pharma, Inc   479,290 
 135,880  *  Achillion Pharmaceuticals, Inc   297,577 
71

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
             
 42,044  *  Aclaris Therapeutics, Inc  $293,047 
 9,986  *  Acorda Therapeutics, Inc   166,067 
 18,110  *  Aduro Biotech, Inc   53,968 
 150,551     Agilent Technologies, Inc   11,449,404 
 15,764  *  Agios Pharmaceuticals, Inc   844,950 
 144,481  *  Akorn, Inc   543,249 
 170,731     Amgen, Inc   31,945,477 
 8,132  *  Atara Biotherapeutics, Inc   309,016 
 60,354  *  Bellicum Pharmaceuticals, Inc   199,168 
 85,758  *  BioCryst Pharmaceuticals, Inc   744,379 
 56,305  *  Biogen Idec, Inc   18,793,483 
 43,960  *  BioMarin Pharmaceutical, Inc   4,315,553 
 9,691  *  Bluebird Bio, Inc   1,293,070 
 445,448     Bristol-Myers Squibb Co   21,991,768 
 5,167  *  Catalent, Inc   190,817 
 196,371  *  Celgene Corp   17,370,979 
 40,045  *  Coherus Biosciences, Inc   539,006 
 18,378  *,e  Collegium Pharmaceutical, Inc   294,232 
 277,630     Eli Lilly & Co   33,276,732 
 4,990  *,e  Esperion Thereapeutics, Inc   231,785 
 28,683  *  FibroGen, Inc   1,627,760 
 4,680  *,e  Flexion Therapeutics Inc   68,749 
 288,576     Gilead Sciences, Inc   20,203,206 
 16,242  *  Halozyme Therapeutics, Inc   262,796 
 45,560  *  Illumina, Inc   12,747,232 
 68,890  *  Inovio Pharmaceuticals, Inc   345,139 
 18,561  *  Intersect ENT, Inc   550,705 
 48,629  *  Iovance Biotherapeutics, Inc   444,955 
 56,297  *  IQVIA Holdings, Inc   7,262,876 
 9,835  *  Jazz Pharmaceuticals plc   1,238,128 
 25,398  *  Karyopharm Therapeutics, Inc   215,121 
 627,760     Merck & Co, Inc   46,724,177 
 5,838  *  Mettler-Toledo International, Inc   3,725,578 
 42,726  *  Nektar Therapeutics   1,809,019 
 89,462  *,e  Opko Health, Inc   329,220 
 35,677  *,e  Paratek Pharmaceuticals, Inc   240,641 
 5,870  *  PerkinElmer, Inc   531,235 
 2,879     Perrigo Co plc   133,729 
 80,041  *  Progenics Pharmaceuticals, Inc   354,582 
 16,217  *  Prothena Corp plc   190,550 
 10,047  *  Reata Pharmaceuticals, Inc   801,449 
 5,837  *  Sage Therapeutics, Inc   832,298 
 37,874  *  Sangamo Biosciences, Inc   442,747 
 15,601  *  Sarepta Therapeutics, Inc   2,179,616 
 4,385  *  Spark Therapeutics, Inc   209,691 
 25,761  *,e  Theravance Biopharma, Inc   671,074 
 17,724  *  Ultragenyx Pharmaceutical, Inc   874,148 
 71,046  *  Vertex Pharmaceuticals, Inc   13,563,392 
 18,425  *  Waters Corp   4,260,228 
 256,688     Zoetis, Inc   22,116,238 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   313,642,953 
72

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
               
REAL ESTATE - 4.0%        
 16,408     Alexandria Real Estate Equities, Inc  $2,161,098 
 11,117  *,e  Altisource Portfolio Solutions S.A.   263,251 
 23,462     American Campus Communities, Inc   1,079,721 
 164,544     American Tower Corp   28,439,785 
 72,632     Boston Properties, Inc   9,577,982 
 36,800     Brixmor Property Group, Inc   630,384 
 60,268     CatchMark Timber Trust Inc   553,863 
 262,086  e  CBL & Associates Properties, Inc   652,594 
 79,390  *  CBRE Group, Inc   3,632,093 
 42,246     Chatham Lodging Trust   853,792 
 62,954     CorePoint Lodging, Inc   770,557 
 17,160     Coresite Realty   1,695,236 
 6,932     CyrusOne, Inc   375,714 
 50,236     Digital Realty Trust, Inc   5,442,568 
 8,358     Douglas Emmett, Inc   316,183 
 58,576     Duke Realty Corp   1,712,762 
 19,598     Easterly Government Properties, Inc   351,980 
 36,148     Equinix, Inc   14,242,312 
 3,961     Federal Realty Investment Trust   525,110 
 33,420     First Industrial Realty Trust, Inc   1,093,502 
 52,368     Franklin Street Properties Corp   388,571 
 204,267     HCP, Inc   6,442,581 
 154,979     Host Marriott Corp   2,798,921 
 32,022  *  Howard Hughes Corp   3,555,723 
 24,076     Hudson Pacific Properties   781,748 
 100,069     Iron Mountain, Inc   3,722,567 
 95,797     iStar Financial, Inc   918,693 
 5,945     Jones Lang LaSalle, Inc   852,572 
 4,739     Kilroy Realty Corp   333,910 
 88,542     Kimco Realty Corp   1,506,099 
 15,135     Liberty Property Trust   713,464 
 35,800     NorthStar Realty Europe Corp   601,082 
 24,547     Office Properties Income Trust   786,240 
 4,166     Paramount Group, Inc   60,324 
 57,124     Park Hotels & Resorts, Inc   1,717,719 
 540     Piedmont Office Realty Trust, Inc   10,454 
 346,453     Prologis, Inc   23,960,689 
 22,163     QTS Realty Trust, Inc   933,284 
 24,711  e  Realogy Holdings Corp   438,620 
 7,331     Regency Centers Corp   476,515 
 2,009     RMR Group, Inc   132,614 
 37,701     Sabra Healthcare REIT, Inc   774,379 
 45,216  *  SBA Communications Corp   8,253,276 
 8,006     Senior Housing Properties Trust   110,243 
 31,374     Tier REIT, Inc   737,289 
 30,349     UDR, Inc   1,327,769 
 31,258     VICI Properties, Inc   672,985 
 297     Washington REIT   7,529 
 205,082     Welltower, Inc   15,891,804 
 198,571     Weyerhaeuser Co   5,210,503 
       TOTAL REAL ESTATE   158,488,654 
73

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
               
RETAILING - 5.1%        
 34,963  *  1-800-FLOWERS.COM, Inc (Class A)  $557,660 
 2,432     Aaron’s, Inc   121,746 
 24,346     Advance Auto Parts, Inc   3,875,883 
 21,946  *  Barnes & Noble Education, Inc   125,531 
 56,825     Best Buy Co, Inc   3,366,313 
 17,183  *  Booking Holdings, Inc   31,493,174 
 250     Buckle, Inc   4,342 
 43,488  *  CarMax, Inc   2,556,225 
 116,606  *  Etsy, Inc   6,372,518 
 146,592     Expedia, Inc   17,481,096 
 6,360  *  Five Below, Inc   786,923 
 106,784     Gap, Inc   2,716,585 
 22,125  *  Genesco, Inc   999,607 
 48,349  *,e  GNC Holdings, Inc   147,464 
 593,289  *  Groupon, Inc   2,236,700 
 18,815     Haverty Furniture Cos, Inc   383,262 
 29,239  *  Hibbett Sports, Inc   477,765 
 250,264     Home Depot, Inc   45,930,952 
 93,965     Kohl’s Corp   6,454,456 
 11,548  *  Lands’ End, Inc   206,709 
 71,757  *  LKQ Corp   1,881,469 
 264,241     Lowe’s Companies, Inc   25,409,415 
 4,421     Macy’s, Inc   116,272 
 4,455  *  MarineMax, Inc   79,210 
 26,766     Nordstrom, Inc   1,242,210 
 73,155     Nutri/System, Inc   3,175,659 
 5,216     Office Depot, Inc   15,387 
 397     Pool Corp   59,514 
 123,411  *  Quotient Technology, Inc   1,234,110 
 22,483  *  Rent-A-Center, Inc   393,452 
 141,284     Ross Stores, Inc   13,015,082 
 5,448  *  Sally Beauty Holdings, Inc   93,815 
 12,547     Shoe Carnival, Inc   462,733 
 67,590  *  Shutterfly, Inc   3,106,436 
 90,719     Target Corp   6,622,487 
 14,544     Tiffany & Co   1,290,489 
 121,046     TJX Companies, Inc   6,019,618 
 15,754     Tractor Supply Co   1,345,392 
 17,401  *  Ulta Beauty, Inc   5,079,700 
 33,837  e  Williams-Sonoma, Inc   1,841,748 
 860     Winmark Corp   132,569 
 5,569  *  Zumiez, Inc   141,508 
       TOTAL RETAILING   199,053,186 
              
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.0%      
 349,407     Applied Materials, Inc   13,654,825 
 11,151  *  Cirrus Logic, Inc   414,260 
 17,686  *  Cree, Inc   891,905 
 11,757  *  First Solar, Inc   594,787 
 24,001  *  Integrated Device Technology, Inc   1,172,449 
 880,467     Intel Corp   41,487,605 
74

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
             
 49,979     Lam Research Corp  $8,475,439 
 145,171     NVIDIA Corp   20,868,331 
 290,439     Texas Instruments, Inc   29,241,398 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   116,800,999 
              
SOFTWARE & SERVICES - 11.5%        
 216,937     Accenture plc   33,310,676 
 136,249  *  Adobe, Inc   33,765,227 
 102,486  *  Autodesk, Inc   15,085,939 
 42,197  *  Benefitfocus, Inc   2,360,922 
 263,082  *  Black Knight, Inc   12,941,004 
 12,432     Blackbaud, Inc   890,131 
 234,714     Booz Allen Hamilton Holding Co   11,531,499 
 110,902  *  Cadence Design Systems, Inc   5,326,623 
 296,557  *  Conduent, Inc   3,781,102 
 55,469     CSG Systems International, Inc   2,007,423 
 16,527  *  Ellie Mae, Inc   1,252,747 
 51,651  *  ExlService Holdings, Inc   2,969,932 
 2,334  *  Fair Isaac Corp   525,617 
 272,393     International Business Machines Corp   36,615,067 
 113,870     Intuit, Inc   24,575,423 
 216,899  *  Limelight Networks, Inc   676,725 
 54,815     LogMeIn, Inc   5,098,891 
 1,188,132  d  Microsoft Corp   124,076,625 
 59,539  *  MINDBODY, Inc   2,170,792 
 51,460  *  MoneyGram International, Inc   109,610 
 61,195  *  New Relic, Inc   6,220,472 
 54,403  *  Nutanix, Inc   2,787,066 
 5,290  *  OneSpan, Inc   77,181 
 711,170     Oracle Corp   35,722,069 
 15,813  *  Paycom Software, Inc   2,344,119 
 8,400  *  Paylocity Holding Corp   596,652 
 46,755  *  Perficient, Inc   1,192,720 
 21,141  *  Qualys, Inc   1,829,331 
 48,320  *  Rapid7, Inc   1,941,498 
 67,172  *  RingCentral, Inc   6,209,380 
 227,142  *  salesforce.com, Inc   34,518,770 
 44,694     Science Applications International Corp   3,000,755 
 43,743  *  SPS Commerce, Inc   3,878,254 
 67,259  *  Sykes Enterprises, Inc   1,854,331 
 25,887  *  Tableau Software, Inc   3,309,394 
 139,395  *  Teradata Corp   6,186,350 
 64,472     TiVo Corp   717,573 
 163,822     Travelport Worldwide Ltd   2,565,452 
 15,317     TTEC Holdings, Inc   512,047 
 51,061  *  Twilio, Inc   5,684,111 
 9,913  *  Ultimate Software Group, Inc   2,706,943 
 38,053  *  Virtusa Corp   1,846,332 
 11,759     VMware, Inc (Class A)   1,776,432 
 33,786  *  WEX, Inc   5,450,695 
 30,134  *  Zendesk, Inc   2,034,949 
       TOTAL SOFTWARE & SERVICES   454,034,851 
75

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
              
TECHNOLOGY HARDWARE & EQUIPMENT - 6.2%      
 2,919  *  Anixter International, Inc  $177,212 
 708,687     Apple, Inc   117,953,864 
 40,047     AVX Corp   710,834 
 8,124     Badger Meter, Inc   428,866 
 1,070     Belden CDT, Inc   57,363 
 103,060     Benchmark Electronics, Inc   2,619,785 
 1,012,321     Cisco Systems, Inc   47,872,660 
 2,689  *  Coherent, Inc   317,840 
 34,511  *  Cray, Inc   757,171 
 34,326     CTS Corp   973,829 
 22,592     Daktronics, Inc   170,118 
 99,736     Dolby Laboratories, Inc (Class A)   6,445,938 
 45,906  *  Fabrinet   2,609,297 
 18,340  *  FARO Technologies, Inc   779,817 
 40,091  *  Finisar Corp   913,273 
 758,600     Hewlett Packard Enterprise Co   11,826,574 
 871,113     HP, Inc   19,190,619 
 11,733  *  Insight Enterprises, Inc   538,779 
 182     InterDigital, Inc   13,251 
 28,977  *  Itron, Inc   1,583,014 
 70,176     Kemet Corp   1,243,519 
 15,930  *  Keysight Technologies, Inc   1,179,139 
 17,293  *  Kimball Electronics, Inc   279,628 
 15,821     Littelfuse, Inc   2,780,066 
 9,728  *  Lumentum Holdings, Inc   475,796 
 6,814     Methode Electronics, Inc   175,461 
 49,310     Motorola, Inc   5,764,832 
 120,617     National Instruments Corp   5,333,684 
 19,428  *  Novanta, Inc   1,353,743 
 500  *  OSI Systems, Inc   44,845 
 23,378  *  Plexus Corp   1,311,973 
 13,761  *  Ribbon Communications, Inc   76,786 
 11,038  *  Rogers Corp   1,400,833 
 13,734     SYNNEX Corp   1,328,902 
 42,266  *  Tech Data Corp   4,041,898 
 81,317  *  TTM Technologies, Inc   933,519 
 73,134     Vishay Intertechnology, Inc   1,426,113 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   245,090,841 
              
TELECOMMUNICATION SERVICES - 1.9%        
 23,657  *  Boingo Wireless, Inc   570,607 
 555,917     CenturyLink, Inc   8,516,649 
 65,553  *  Cincinnati Bell, Inc   546,712 
 24,512     Cogent Communications Group, Inc   1,187,606 
 82,226     Consolidated Communications Holdings, Inc   878,174 
 150,201  *  Iridium Communications, Inc   2,910,895 
 105,877  *  Orbcomm, Inc   861,839 
 1,375,137  *  Sprint Corp   8,580,855 
 742,487     Verizon Communications, Inc   40,881,334 
 320,030  *  Vonage Holdings Corp   2,915,473 
76

TIAA-CREF FUNDS - Social Choice Equity Fund

 

SHARES     COMPANY  VALUE 
             
 215,693  *  Zayo Group Holdings, Inc  $5,920,773 
       TOTAL TELECOMMUNICATION SERVICES   73,770,917 
              
TRANSPORTATION - 2.5%        
 310     Arkansas Best Corp   11,662 
 2,385  *  Avis Budget Group, Inc   63,537 
 200,629     CSX Corp   13,181,325 
 197,594     Delta Air Lines, Inc   9,767,072 
 8     Expeditors International of Washington, Inc   554 
 17,741  *  Hertz Global Holdings, Inc   294,323 
 180     Landstar System, Inc   18,284 
 61,462     Norfolk Southern Corp   10,309,636 
 9     Ryder System, Inc   521 
 179,530     Southwest Airlines Co   10,190,123 
 187,341     Union Pacific Corp   29,800,333 
 231,633     United Parcel Service, Inc (Class B)   24,414,118 
       TOTAL TRANSPORTATION   98,051,488 
              
UTILITIES - 3.6%        
 258,499     American Electric Power Co, Inc   20,452,441 
 12,632     American Water Works Co, Inc   1,208,503 
 13,548     Clearway Energy, Inc (Class C)   204,439 
 180,018     Consolidated Edison, Inc   13,978,398 
 295,308     Dominion Resources, Inc   20,742,434 
 13,916     DTE Energy Co   1,638,609 
 126,823     Edison International   7,225,106 
 134,706     Eversource Energy   9,349,944 
 42,852     New Jersey Resources Corp   2,078,322 
 10,059     ONE Gas, Inc   826,347 
 290     Ormat Technologies, Inc   16,736 
 206,735     Public Service Enterprise Group, Inc   11,277,394 
 105,409     Sempra Energy   12,330,745 
 73,934     South Jersey Industries, Inc   2,201,755 
 442,367     Southern Co   21,499,036 
 3,524     UGI Corp   200,974 
 104,830     WEC Energy Group, Inc   7,655,735 
 169,001     Xcel Energy, Inc   8,848,892 
       TOTAL UTILITIES   141,735,810 
             
       TOTAL COMMON STOCKS   3,914,349,598 
       (Cost $3,110,873,098)     
             
RIGHTS / WARRANTS - 0.0%      
       
COMMERCIAL & PROFESSIONAL SERVICES - 0.0%      
 21,053  †,m  Media General, Inc   0 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   0 
             
       TOTAL RIGHTS / WARRANTS   0 
       (Cost $0)     
77

TIAA-CREF FUNDS - Social Choice Equity Fund

 

PRINCIPAL    ISSUER  RATE  MATURITY DATE  VALUE 
                 
SHORT-TERM INVESTMENTS - 1.1%           
                   
TREASURY DEBT - 0.5%           
$19,640,000     United States Treasury Bill    2.322 %  02/12/19  $19,626,076 
       TOTAL TREASURY DEBT         19,626,076 
                   
SHARES      COMPANY           
                   
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.6%           
 22,172,957  c  State Street Navigator Securities Lending Government Money Market Portfolio   22,172,957 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES     22,172,957 
                   
       TOTAL SHORT-TERM INVESTMENTS         41,799,033 
       (Cost $41,799,035)           
       TOTAL INVESTMENTS - 100.4%         3,956,148,631 
       (Cost $3,152,672,133)           
       OTHER ASSETS & LIABILITIES, NET - (0.4)%         (14,201,957)
       NET ASSETS - 100.0%        $3,941,946,674 

 

       
    Abbreviation(s):
    REIT    Real Estate Investment Trust
     
*   Non-income producing
  Security is categorized as Level 3 in the fair value hierarchy.
c   Investments made with cash collateral received from securities on loan.
d   All or a portion of these securities have been segregated to cover margin requirements on open futures transactions.
e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $21,192,208.
m   Indicates a security that has been deemed illiquid.
       

 

Futures contracts outstanding as of January 31, 2019 were as follows (See Note 3):

 

Description Number of
long (short)

contracts
Expiration date Notional amount Value Unrealized
appreciation
(depreciation)
S&P 500 E Mini Index 152 03/15/19 $ 20,172,346 $ 20,554,200 $ 381,854

78

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

 

TIAA-CREF FUNDS

SOCIAL CHOICE LOW CARBON EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES      COMPANY  VALUE  
             
COMMON STOCKS - 96.9% 
             
AUTOMOBILES & COMPONENTS - 0.5%     
 1,891     Aptiv plc  $149,635 
 669  *  Cooper-Standard Holding, Inc   51,152 
 1,261  *  Tesla, Inc   387,152 
       TOTAL AUTOMOBILES & COMPONENTS   587,939 
             
BANKS - 5.3%     
 292     Arrow Financial Corp   9,300 
 62,374     Bank of America Corp   1,775,788 
 15,958     BB&T Corp   778,750 
 339     Camden National Corp   13,736 
 19,508     Citizens Financial Group, Inc   661,711 
 3,253     Comerica, Inc   256,141 
 497  *  Customers Bancorp, Inc   9,776 
 129     Federal Agricultural Mortgage Corp (Class C)   9,127 
 17,193     Fifth Third Bancorp   461,116 
 119     First Commonwealth Financial Corp   1,619 
 340     First Financial Corp   14,100 
 1,276     First Republic Bank   123,300 
 31     Hanmi Financial Corp   680 
 414  *  HomeStreet, Inc   10,131 
 648     HomeTrust Bancshares, Inc   17,496 
 7,629     Huntington Bancshares, Inc   101,008 
 14,226     Keycorp   234,302 
 262     Live Oak Bancshares, Inc   3,642 
 4,237     M&T Bank Corp   697,156 
 940  *  MGIC Investment Corp   11,731 
 1,534     OFG Bancorp   29,729 
 791     Old Line Bancshares, Inc   21,365 
 230     Opus Bank   4,807 
 6,979     PNC Financial Services Group, Inc   856,114 
 22,455     Regions Financial Corp   340,642 
 1,072  *  SVB Financial Group   250,183 
 2,221  *  The Bancorp, Inc   18,834 
 356  *  Tristate Capital Holdings, Inc   7,248 
 47     Union Bankshares Corp   1,483 
 1,616     Zions Bancorporation   76,906 
       TOTAL BANKS   6,797,921 
             
CAPITAL GOODS - 7.3%     
 5,654     3M Co   1,132,496 
 1,659     Air Lease Corp   62,943 
 2,577     Aircastle Ltd   53,705 
 663     Argan, Inc   27,992 
 521  *  Armstrong Flooring, Inc   7,044 
79

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

 

SHARES      COMPANY  VALUE  
             
 958  *  Astronics Corp  $29,382 
 2,127  *  Axon Enterprise, Inc   108,498 
 430     Carlisle Cos, Inc   46,324 
 6,609     Caterpillar, Inc   880,055 
 372     Cummins, Inc   54,725 
 2,106     Curtiss-Wright Corp   239,073 
 5,060     Deere & Co   829,840 
 8,617     Eaton Corp   657,046 
 271     EMCOR Group, Inc   17,677 
 1,186  *  Esterline Technologies Corp   144,336 
 668     Fastenal Co   40,387 
 2,763     Fortive Corp   207,197 
 1,084  *  Herc Holdings, Inc   40,162 
 1,535     Hexcel Corp   103,935 
 5,981     Illinois Tool Works, Inc   821,251 
 1,473     Ingersoll-Rand plc   147,359 
 13,899     Johnson Controls International plc   469,369 
 2,179  *  KEYW Holding Corp, The   15,645 
 3,442     L3 Technologies, Inc   677,661 
 401  *  Lydall, Inc   10,635 
 2,301  *  Mercury Systems, Inc   134,908 
 384  *  MYR Group, Inc   11,701 
 631  *  Nexeo Solutions, Inc   5,931 
 998     PACCAR, Inc   65,389 
 2,868     Parker-Hannifin Corp   472,675 
 3,941  *  Plug Power, Inc   5,399 
 2,387     Quanta Services, Inc   84,357 
 873     Rockwell Automation, Inc   147,991 
 1,325     Roper Industries, Inc   375,320 
 5,218     Spirit Aerosystems Holdings, Inc (Class A)   435,181 
 943     Stanley Black & Decker, Inc   119,233 
 1,424  *  Teledyne Technologies, Inc   319,289 
 245  *  Titan Machinery, Inc   4,591 
 988  *  United Rentals, Inc   123,757 
 413  *  Veritiv Corp   14,104 
 537     W.W. Grainger, Inc   158,624 
 2,368  *  Wesco Aircraft Holdings, Inc   20,696 
 21  *  WESCO International, Inc   1,100 
 777     Woodward Governor Co   70,591 
 1,197     Xylem, Inc   85,298 
       TOTAL CAPITAL GOODS   9,480,872 
             
COMMERCIAL & PROFESSIONAL SERVICES - 1.2%     
 428  *  Cimpress NV   35,597 
 8,474  *  Copart, Inc   429,039 
 260     Heidrick & Struggles International, Inc   8,593 
 526  *  Huron Consulting Group, Inc   25,432 
 278     ICF International, Inc   18,326 
 12,382  *  IHS Markit Ltd   642,873 
 162     Insperity, Inc   17,282 
 7     Kforce, Inc   230 
 876     Kimball International, Inc (Class B)   12,378 
 753  *  Mistras Group, Inc   11,077 
80

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

 

SHARES      COMPANY  VALUE  
             
 728     Resources Connection, Inc  $12,165 
 1,685     RR Donnelley & Sons Co   8,593 
 418  *  SP Plus Corp   13,836 
 1,049  *  Team, Inc   15,043 
 5,558     TransUnion   338,037 
 40  *  TrueBlue, Inc   975 
 486     Viad Corp   25,612 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   1,615,088 
             
CONSUMER DURABLES & APPAREL - 1.3%     
 733  *  Century Communities, Inc   17,196 
 864  *  Green Brick Partners, Inc   7,309 
 5     Hasbro, Inc   453 
 277     Hooker Furniture Corp   7,969 
 2,768     Lennar Corp (Class A)   131,259 
 439  *  Lululemon Athletica, Inc   64,889 
 670  *  Mattel, Inc   7,933 
 3,349     Newell Rubbermaid, Inc   71,032 
 12,513     Nike, Inc (Class B)   1,024,564 
 370  *  Unifi, Inc   7,914 
 4,203     VF Corp   353,767 
       TOTAL CONSUMER DURABLES & APPAREL   1,694,285 
             
CONSUMER SERVICES - 2.3%     
 214  *  American Public Education, Inc   6,332 
 3,007     ARAMARK Holdings Corp   99,081 
 176  *  Bright Horizons Family Solutions   20,379 
 628     Carriage Services, Inc   12,215 
 137  *  Chipotle Mexican Grill, Inc (Class A)   72,556 
 541     Darden Restaurants, Inc   56,767 
 922  *  El Pollo Loco Holdings, Inc   15,204 
 818  *  frontdoor, Inc   24,311 
 6,205     Hilton Worldwide Holdings, Inc   462,148 
 2,484  *  Houghton Mifflin Harcourt Co   26,007 
 4,505     Marriott International, Inc (Class A)   515,958 
 559  *  Red Robin Gourmet Burgers, Inc   17,877 
 4,152     Royal Caribbean Cruises Ltd   498,448 
 1,636  *  ServiceMaster Global Holdings, Inc   63,788 
 26     Six Flags Entertainment Corp   1,601 
 188  *  Sotheby’s (Class A)   7,593 
 14,463     Starbucks Corp   985,509 
 555     Vail Resorts, Inc   104,484 
 191  *  Weight Watchers International, Inc   6,112 
       TOTAL CONSUMER SERVICES   2,996,370 
             
DIVERSIFIED FINANCIALS - 5.6%     
 3,269     Ally Financial, Inc   85,190 
 8,065     American Express Co   828,276 
 523     Ameriprise Financial, Inc   66,212 
 13,976     Bank of New York Mellon Corp   731,224 
 1,588     BlackRock, Inc   659,147 
81

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

 

SHARES       COMPANY  VALUE  
             
 7,382     Capital One Financial Corp  $594,915 
 16,107     Charles Schwab Corp   753,324 
 4,102     CME Group, Inc   747,713 
 3,787     Discover Financial Services   255,585 
 805  *  Donnelley Financial Solutions, Inc   11,785 
 520     Dynex Capital, Inc   3,130 
 2,050     IntercontinentalExchange Group, Inc   157,358 
 1,149     Moody’s Corp   182,128 
 13,294     Morgan Stanley   562,336 
 544  *,m  NewStar Financial, Inc   141 
 755     Northern Trust Corp   66,787 
 1,767  *  On Deck Capital, Inc   13,288 
 3,629     S&P Global, Inc   695,498 
 6,001     State Street Corp   425,471 
 1,591     T Rowe Price Group, Inc   148,695 
 4,891     TD Ameritrade Holding Corp   273,652 
       TOTAL DIVERSIFIED FINANCIALS   7,261,855 
             
ENERGY - 3.5%     
 3,537  *  Apergy Corp   118,914 
 5,762     Archrock, Inc   54,393 
 25,818     Baker Hughes a GE Co   608,530 
 2,923  *  C&J Energy Services, Inc   46,973 
 1,721  *  Cactus, Inc   56,483 
 10,292  *  Cheniere Energy, Inc   675,670 
 1,032  *  Covia Holdings Corp   4,830 
 3,786     Delek US Holdings, Inc   123,083 
 1,698  *  Dril-Quip, Inc   63,573 
 1,468  *  Exterran Corp   25,484 
 3,671  *  Forum Energy Technologies, Inc   18,025 
 3,317  *  Frank’s International NV   18,874 
 1,474  *  FTS International, Inc   12,013 
 1,785     Green Plains Renewable Energy, Inc   25,365 
 6,183  *  Helix Energy Solutions Group, Inc   42,230 
 2,438  *  Keane Group, Inc   24,575 
 884  *  KLX Energy Services Holdings, Inc   23,037 
 1,158  *  Matrix Service Co   24,839 
 8,130  *  McDermott International, Inc   71,707 
 19,406     National Oilwell Varco, Inc   572,089 
 413  *  Natural Gas Services Group, Inc   6,819 
 420  *  NCS Multistage Holdings, Inc   2,377 
 3,992  *  Newpark Resources, Inc   33,173 
 4,345  *  Oceaneering International, Inc   68,173 
 2,701  *  Oil States International, Inc   46,511 
 11,584     ONEOK, Inc   743,809 
 6,046     PBF Energy, Inc   221,404 
 1,634  *  Renewable Energy Group, Inc   47,223 
 2,594     RPC, Inc   27,989 
 1,984  *  Select Energy Services, Inc   16,864 
 11,129     Targa Resources Investments, Inc   478,658 
 4,972  *  Tetra Technologies, Inc   10,590 
 1,279  *  Tidewater, Inc   27,524 
 3,549     US Silica Holdings Inc   47,841 
82

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

 

SHARES      COMPANY  VALUE  
             
 3,036     World Fuel Services Corp  $75,566 
       TOTAL ENERGY   4,465,208 
             
FOOD & STAPLES RETAILING - 0.7%     
 1,233     Andersons, Inc   43,217 
 1,352     Casey’s General Stores, Inc   173,975 
 963  *  Chefs’ Warehouse Holdings, Inc   30,932 
 934     Pricesmart, Inc   57,207 
 386  *  Smart & Final Stores, Inc   2,328 
 1,614     Spartan Stores, Inc   33,490 
 6,288  *  Sprouts Farmers Market, Inc   150,786 
 2,041  *  United Natural Foods, Inc   26,737 
 10,821  *  US Foods Holding Corp   364,884 
 336     Weis Markets, Inc   16,303 
       TOTAL FOOD & STAPLES RETAILING   899,859 
             
FOOD, BEVERAGE & TOBACCO - 3.5%     
 1,666     Bunge Ltd   91,747 
 30,614     Coca-Cola Co   1,473,452 
 209  *  Farmer Bros Co   5,141 
 309  *  Freshpet, Inc   11,115 
 8,694     General Mills, Inc   386,361 
 87  *  Hain Celestial Group, Inc   1,595 
 4,277     Hormel Foods Corp   181,003 
 1,833     Kellogg Co   108,165 
 20,340     Mondelez International, Inc   940,928 
 11,914     PepsiCo, Inc   1,342,350 
       TOTAL FOOD, BEVERAGE & TOBACCO   4,541,857 
             
HEALTH CARE EQUIPMENT & SERVICES - 6.9%     
 1,099  *  Abiomed, Inc   385,826 
 1,028  *  Acadia Healthcare Co, Inc   28,126 
 2,917  *  Accuray, Inc   12,835 
 2,053  *  Align Technology, Inc   511,094 
 2,208  *  Allscripts Healthcare Solutions, Inc   26,032 
 171  *  American Renal Associates Holdings, Inc   2,073 
 43  *  AMN Healthcare Services, Inc   2,786 
 877  *  Angiodynamics, Inc   18,505 
 433  *  athenahealth, Inc   58,342 
 3,760     Becton Dickinson & Co   937,970 
 2,394  *  Brookdale Senior Living, Inc   19,511 
 433  *  Capital Senior Living Corp   3,018 
 3,486     Cardinal Health, Inc   174,195 
 3,363  *  Centene Corp   439,107 
 5,495  *  Cerner Corp   301,730 
 3,696  *  Cerus Corp   22,028 
 1,635     Cigna Corp   326,689 
 386  *  Civitas Solutions, Inc   6,844 
 162     Computer Programs & Systems, Inc   4,251 
 266     Cooper Cos, Inc   74,150 
 594  *  Cross Country Healthcare, Inc   5,720 
83

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

 

SHARES      COMPANY  VALUE  
             
 11,927     CVS Health Corp  $781,815 
 331  *  Diplomat Pharmacy, Inc   4,800 
 3,332  *  Edwards Lifesciences Corp   567,839 
 295     Encompass Health Corp   19,718 
 2,231  *  GenMark Diagnostics, Inc   14,814 
 4,734     HCA Holdings, Inc   660,062 
 737  *  Henry Schein, Inc   57,265 
 3,700  *  Hologic, Inc   164,280 
 2,218     Humana, Inc   685,340 
 1,398  *  IDEXX Laboratories, Inc   297,466 
 90  *  Integer Holding Corp   7,289 
 900  *  Laboratory Corp of America Holdings   125,415 
 365     LeMaitre Vascular, Inc   8,702 
 198  *  LHC Group, Inc   20,935 
 62  *  LivaNova plc   5,724 
 1,000     Meridian Bioscience, Inc   16,390 
 20  *  Merit Medical Systems, Inc   1,131 
 118  *  NextGen Healthcare, Inc   2,086 
 479  *  Omnicell, Inc   31,197 
 765  *  OraSure Technologies, Inc   9,830 
 69  *  Penumbra, Inc   10,040 
 638     Quest Diagnostics, Inc   55,729 
 30  *  Quidel Corp   1,741 
 586  *  RadNet, Inc   7,999 
 144     Resmed, Inc   13,705 
 241  *  Staar Surgical Co   8,611 
 315  *  Surgery Partners, Inc   4,120 
 2,992  *  Teladoc, Inc   192,086 
 549  *  Triple-S Management Corp (Class B)   11,068 
 6,021     UnitedHealth Group, Inc   1,626,874 
 602  *  Varian Medical Systems, Inc   79,482 
 335  *  Vocera Communications, Inc   13,675 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   8,868,060 
             
HOUSEHOLD & PERSONAL PRODUCTS - 2.4%     
 14     Clorox Co   2,077 
 11,516     Colgate-Palmolive Co   744,855 
 3,434     Estee Lauder Cos (Class A)   468,466 
 1,118     Kimberly-Clark Corp   124,523 
 17,839     Procter & Gamble Co   1,720,929 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   3,060,850 
             
INSURANCE - 3.8%     
 5,460     Allstate Corp   479,770 
 18,041     American International Group, Inc   779,912 
 6,597     Chubb Ltd   877,731 
 9,276     Loews Corp   444,321 
 8,367     Marsh & McLennan Cos, Inc   737,886 
 9,039     Progressive Corp   608,234 
 7,454     Prudential Financial, Inc   686,812 
 2,782     Travelers Cos, Inc   349,252 
       TOTAL INSURANCE   4,963,918 
84

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

 

SHARES      COMPANY  VALUE  
      
MATERIALS - 3.3%     
 2,283  *  Axalta Coating Systems Ltd  $58,490 
 3,742     Ball Corp   195,632 
 1,276     Celanese Corp (Series A)   122,190 
 2,494  *  Century Aluminum Co   22,945 
 716  *  Clearwater Paper Corp   24,144 
 3,225     Commercial Metals Co   56,276 
 4,985     Ecolab, Inc   788,477 
 6,808     FMC Corp   543,278 
 2,585     H.B. Fuller Co   127,673 
 1,176     International Flavors & Fragrances, Inc   166,733 
 2,700     International Paper Co   128,061 
 1,043  *  Kraton Polymers LLC   29,413 
 898     Martin Marietta Materials, Inc   158,659 
 780     Materion Corp   36,605 
 562     Minerals Technologies, Inc   32,916 
 11,085     Mosaic Co   357,824 
 898     Myers Industries, Inc   14,602 
 11,017     Newmont Mining Corp   375,790 
 1,969     PH Glatfelter Co   25,164 
 2,310     Reliance Steel & Aluminum Co   189,143 
 1,046     Royal Gold, Inc   91,389 
 711     RPM International, Inc   40,641 
 644  *  Ryerson Holding Corp   4,527 
 1,187     Schnitzer Steel Industries, Inc (Class A)   28,725 
 2,041     Scotts Miracle-Gro Co (Class A)   151,748 
 1,735     Trinseo S.A.   85,102 
 670  *  US Concrete, Inc   23,852 
 5,974     Valvoline, Inc   132,085 
 1,514     Vulcan Materials Co   153,898 
 1,118     WestRock Co   45,514 
       TOTAL MATERIALS   4,211,496 
             
MEDIA & ENTERTAINMENT - 5.7%     
 1,665  *  Alphabet, Inc (Class A)   1,874,607 
 1,694  *  Alphabet, Inc (Class C)   1,891,131 
 166     Cinemark Holdings, Inc   6,793 
 506  *  Clear Channel Outdoor Holdings, Inc (Class A)   2,818 
 4,084  *  Discovery, Inc (Class A)   115,904 
 4,068  *  Discovery, Inc (Class C)   108,412 
 976  *  Electronic Arts, Inc   90,026 
 2,764     Entravision Communications Corp (Class A)   10,890 
 5,395     Gannett Co, Inc   59,831 
 1,778  *  GCI Liberty, Inc   90,500 
 1,931  *  Gray Television, Inc   32,267 
 768  *  Hemisphere Media Group, Inc   10,184 
 143  *  Imax Corp   2,970 
 2,751     Interpublic Group of Cos, Inc   62,585 
 4,053  *  Liberty Broadband Corp (Class C)   344,586 
 309  *  Loral Space & Communications, Inc   11,158 
 449     Marcus Corp   20,012 
85

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

 

SHARES      COMPANY  VALUE  
             
 786     Meredith Corp  $42,656 
 1,486     National CineMedia, Inc   10,268 
 3,621  *  NetFlix, Inc   1,229,329 
 6,444     Omnicom Group, Inc   501,859 
 10,118  *  Pandora Media, Inc   84,789 
 362     Scholastic Corp   15,092 
 1,087     Sinclair Broadcast Group, Inc (Class A)   33,491 
 56,881     Sirius XM Holdings, Inc   331,616 
 2,935     Tribune Co   134,746 
 4,151  *  TripAdvisor, Inc   238,184 
 775     World Wrestling Entertainment, Inc (Class A)   63,814 
       TOTAL MEDIA & ENTERTAINMENT   7,420,518 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.2%     
 11,261     AbbVie, Inc   904,146 
 274  *  Aclaris Therapeutics, Inc   1,910 
 4,711  *  Akorn, Inc   17,713 
 5,840     Amgen, Inc   1,092,723 
 436  *  Bellicum Pharmaceuticals, Inc   1,439 
 2,351  *  Biogen Idec, Inc   784,717 
 383  *  BioMarin Pharmaceutical, Inc   37,599 
 17,419     Bristol-Myers Squibb Co   859,976 
 7,229  *  Celgene Corp   639,477 
 403  *  Collegium Pharmaceutical, Inc   6,452 
 9,342     Eli Lilly & Co   1,119,732 
 11,922     Gilead Sciences, Inc   834,659 
 987  *  Illumina, Inc   276,153 
 347  *  Inovio Pharmaceuticals, Inc   1,738 
 328  *  IQVIA Holdings, Inc   42,315 
 244  *  Jazz Pharmaceuticals plc   30,717 
 20,435     Merck & Co, Inc   1,520,977 
 1,644  *  Nektar Therapeutics   69,607 
 416  *  Paratek Pharmaceuticals, Inc   2,806 
 31  *  Prothena Corp plc   364 
 281  *  Sarepta Therapeutics, Inc   39,259 
 1,649  *  Vertex Pharmaceuticals, Inc   314,811 
 8,981     Zoetis, Inc   773,803 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   9,373,093 
             
REAL ESTATE - 4.0%     
 446     Alexandria Real Estate Equities, Inc   58,743 
 164  *  Altisource Portfolio Solutions S.A.   3,884 
 349     American Campus Communities, Inc   16,061 
 5,536     American Tower Corp   956,842 
 1,483     Boston Properties, Inc   195,563 
 649     CatchMark Timber Trust Inc   5,964 
 1,911     CBL & Associates Properties, Inc   4,758 
 1,428  *  CBRE Group, Inc   65,331 
 2,185     Chatham Lodging Trust   44,159 
 1,785     CorePoint Lodging, Inc   21,849 
 37     CyrusOne, Inc   2,005 
 2,897     Digital Realty Trust, Inc   313,861 
86

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

 

SHARES      COMPANY  VALUE  
             
 1,520     Duke Realty Corp  $44,445 
 1,532     Equinix, Inc   603,608 
 514     Federal Realty Investment Trust   68,141 
 4,263     HCP, Inc   134,455 
 3,740     Host Marriott Corp   67,544 
 80  *  Howard Hughes Corp   8,883 
 6,811     Iron Mountain, Inc   253,369 
 2,949     iStar Financial, Inc   28,281 
 2,460     Kimco Realty Corp   41,845 
 1,137     Office Properties Income Trust   36,418 
 12,201     Prologis, Inc   843,821 
 2,176  *  SBA Communications Corp   397,185 
 262  *  Tejon Ranch Co   4,931 
 1,117     UDR, Inc   48,869 
 9,790     Welltower, Inc   758,627 
 7,371     Weyerhaeuser Co   193,415 
       TOTAL REAL ESTATE   5,222,857 
             
RETAILING - 4.8%     
 893  *  1-800-FLOWERS.COM, Inc (Class A)   14,243 
 927  *  Barnes & Noble Education, Inc   5,302 
 551  *  Booking Holdings, Inc   1,009,878 
 6,030  *  Etsy, Inc   329,540 
 5,100     Expedia, Inc   608,175 
 989  *  GNC Holdings, Inc   3,016 
 18,678  *  Groupon, Inc   70,416 
 703  *  Hibbett Sports, Inc   11,487 
 8,456     Home Depot, Inc   1,551,930 
 1,910     Kohl’s Corp   131,198 
 519  *  Lands’ End, Inc   9,290 
 2,701  *  LKQ Corp   70,820 
 7,847     Lowe’s Companies, Inc   754,568 
 307  *  MarineMax, Inc   5,459 
 1,275     Nutri/System, Inc   55,348 
 4,919     Office Depot, Inc   14,511 
 3,345  *  Quotient Technology, Inc   33,450 
 2,578     Ross Stores, Inc   237,485 
 1,451  *  Shutterfly, Inc   66,688 
 5,408     Target Corp   394,784 
 420     Tiffany & Co   37,267 
 10,858     TJX Companies, Inc   539,968 
 161     Tractor Supply Co   13,749 
 518  *  Ulta Beauty, Inc   151,215 
 1,366     Williams-Sonoma, Inc   74,351 
 104     Winmark Corp   16,032 
 309  *  Zumiez, Inc   7,852 
       TOTAL RETAILING   6,218,022 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.0%     
 11,608     Applied Materials, Inc   453,641 
 67     Brooks Automation, Inc   2,086 
87

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

 

SHARES       COMPANY  VALUE  
             
 472  *  First Solar, Inc  $23,878 
 31,730     Intel Corp   1,495,118 
 543     Lam Research Corp   92,082 
 6,473     NVIDIA Corp   930,494 
 9,274     Texas Instruments, Inc   933,706 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   3,931,005 
             
SOFTWARE & SERVICES - 11.2%     
 6,941     Accenture plc   1,065,790 
 4,656  *  Adobe, Inc   1,153,850 
 4,391  *  Autodesk, Inc   646,355 
 845  *  Benefitfocus, Inc   47,278 
 7,133  *  Black Knight, Inc   350,872 
 6,858     Booz Allen Hamilton Holding Co   336,933 
 1,156  *  ChannelAdvisor Corp   12,427 
 8,683  *  Conduent, Inc   110,708 
 1,394     CSG Systems International, Inc   50,449 
 1,414  *  ExlService Holdings, Inc   81,305 
 8,715     International Business Machines Corp   1,171,470 
 3,589     Intuit, Inc   774,578 
 4,141  *  Limelight Networks, Inc   12,920 
 2,190     LogMeIn, Inc   203,714 
 39,707  d  Microsoft Corp   4,146,602 
 1,760  *  MINDBODY, Inc   64,170 
 1,314  *  MoneyGram International, Inc   2,799 
 2,252  *  New Relic, Inc   228,916 
 3,929  *  Nutanix, Inc   201,283 
 1,335  *  OneSpan, Inc   19,478 
 23,530     Oracle Corp   1,181,912 
 1,363  *  Perficient, Inc   34,770 
 834  *  RingCentral, Inc   77,095 
 7,280  *  salesforce.com, Inc   1,106,342 
 1,795     Science Applications International Corp   120,516 
 717  *  SPS Commerce, Inc   63,569 
 1,600  *  Sykes Enterprises, Inc   44,112 
 5,149  *  Teradata Corp   228,513 
 2,879     TiVo Corp   32,043 
 6,334     Travelport Worldwide Ltd   99,190 
 333     TTEC Holdings, Inc   11,132 
 3,135  *  Twilio, Inc   348,988 
 1,191  *  Virtusa Corp   57,787 
 522     VMware, Inc (Class A)   78,859 
 2,072  *  WEX, Inc   334,276 
       TOTAL SOFTWARE & SERVICES   14,501,001 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 5.9%     
 512  *  Anixter International, Inc   31,083 
 23,412     Apple, Inc   3,896,693 
 1,244     AVX Corp   22,081 
 246     Badger Meter, Inc   12,986 
 595     Belden CDT, Inc   31,898 
 2,113     Benchmark Electronics, Inc   53,712 
88

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

 

SHARES      COMPANY  VALUE  
             
 33,779     Cisco Systems, Inc  $1,597,409 
 1,372  *  Cray, Inc   30,102 
 1,242     CTS Corp   35,236 
 1,259     Daktronics, Inc   9,480 
 2,290     Dolby Laboratories, Inc (Class A)   148,003 
 1,476  *  Fabrinet   83,896 
 594  *  FARO Technologies, Inc   25,257 
 29,065     Hewlett Packard Enterprise Co   453,123 
 25,414     HP, Inc   559,870 
 565  *  Insight Enterprises, Inc   25,945 
 550  *  Itron, Inc   30,046 
 681  *  Keysight Technologies, Inc   50,408 
 934  *  Kimball Electronics, Inc   15,103 
 290     Littelfuse, Inc   50,959 
 172  *  Lumentum Holdings, Inc   8,413 
 600     Methode Electronics, Inc   15,450 
 504     Motorola, Inc   58,923 
 4,381     National Instruments Corp   193,728 
 461  *  Novanta, Inc   32,122 
 147  *  OSI Systems, Inc   13,184 
 556  *  Plexus Corp   31,203 
 644  *  Ribbon Communications, Inc   3,594 
 393     SYNNEX Corp   38,027 
 988  *  Tech Data Corp   94,482 
 1,602  *  TTM Technologies, Inc   18,391 
 48     Vishay Intertechnology, Inc   936 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   7,671,743 
             
TELECOMMUNICATION SERVICES - 1.9%     
 1,503  *  Boingo Wireless, Inc   36,252 
 25,514     CenturyLink, Inc   390,874 
 1,924  *  Cincinnati Bell, Inc   16,046 
 1,009     Cogent Communications Group, Inc   48,886 
 1,570     Consolidated Communications Holdings, Inc   16,767 
 2,574  *  Gogo, Inc   10,631 
 4,299  *  Iridium Communications, Inc   83,315 
 3,098  *  Orbcomm, Inc   25,218 
 28,946  *  Sprint Corp   180,623 
 24,273     Verizon Communications, Inc   1,336,471 
 9,716  *  Vonage Holdings Corp   88,513 
 6,937  *  Zayo Group Holdings, Inc   190,421 
       TOTAL TELECOMMUNICATION SERVICES   2,424,017 
             
TRANSPORTATION - 2.0%     
 10,523     CSX Corp   691,361 
 7,132     Union Pacific Corp   1,134,488 
 7,833     United Parcel Service, Inc (Class B)   825,598 
       TOTAL TRANSPORTATION   2,651,447 
             
UTILITIES - 3.6%     
 7,135     American Water Works Co, Inc   682,605 
89

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

 

SHARES      COMPANY  VALUE  
             
 2,682     Aqua America, Inc  $94,004 
 1,578     Clearway Energy, Inc (Class A)   23,197 
 7,982     Consolidated Edison, Inc   619,802 
 11,315     Edison International   644,616 
 10,183     Eversource Energy   706,802 
 4,155     New Jersey Resources Corp   201,518 
 1,237     ONE Gas, Inc   101,620 
 3,729     Pattern Energy Group, Inc   79,353 
 6,260     Sempra Energy   732,295 
 2,476     Southwest Gas Corp   193,920 
 3,314     TerraForm Power, Inc   39,370 
 8,678     UGI Corp   494,906 
       TOTAL UTILITIES   4,614,008 
             
       TOTAL COMMON STOCKS   125,473,289 
       (Cost $113,261,380)     
             
RIGHTS / WARRANTS - 0.0%     
             
COMMERCIAL & PROFESSIONAL SERVICES - 0.0%     
 1,550  †,m   Media General, Inc CVR   0 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   0 
             
       TOTAL RIGHTS / WARRANTS   0 
       (Cost $0)     

 

PRINCIPAL      ISSUER  RATE  MATURITY DATE     
                       
SHORT-TERM INVESTMENTS - 2.5%             
                       
GOVERNMENT AGENCY DEBT - 2.5%             
  $3,200,000      Federal Home Loan Bank (FHLB)   2.260%  02/01/19   3,200,000 
         TOTAL GOVERNMENT AGENCY DEBT           3,200,000 
                       
         TOTAL SHORT-TERM INVESTMENTS           3,200,000 
         (Cost $3,200,000)             
         TOTAL INVESTMENTS - 99.4%           128,673,289 
         (Cost $116,461,380)             
         OTHER ASSETS & LIABILITIES, NET - 0.6%           824,145 
         NET ASSETS - 100.0%          $129,497,434 

 

       
    Abbreviation(s):
  CVR    Contingent Value Right

 

*   Non-income producing
  Security is categorized as Level 3 in the fair value hierarchy.
d   All or a portion of these securities have been segregated to cover margin requirements on open futures contracts.
m   Indicates a security that has been deemed illiquid.
       
90

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

 

Futures contracts outstanding as of January 31, 2019 were as follows (See Note 3):

 

Description  Number of
long (short)
contracts
  Expiration date  Notional amount    Value    Unrealized
appreciation
(depreciation)
 
S&P 500 E Mini Index  24  03/15/19  $3,186,076   $3,245,400   $59,324 
91

TIAA-CREF FUNDS - Emerging Markets Equity Fund

 

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES      COMPANY   VALUE 
               
COMMON STOCKS - 99.3%        
               
ARGENTINA - 0.7%        
 878,080      BBVA Banco Frances S.A. (ADR)  $11,897,984 
        TOTAL ARGENTINA   11,897,984 
               
BRAZIL - 11.9%        
 5,178,700   *  B2W Companhia Global Do Varejo   71,098,573 
 908,700      Banco do Brasil S.A.   12,930,740 
 1,259,200      Cia Brasileira de Distribuicao Grupo Pao de Acucar   33,620,626 
 3,709,106      Cyrela Brazil Realty S.A.   17,308,632 
 5,926,700      Lojas Americanas S.A.(Preference)   34,277,987 
 3,312,000      Petroleo Brasileiro S.A. (Preference)   23,266,672 
        TOTAL BRAZIL   192,503,230 
               
CHILE - 0.7%        
 259,500   e  Sociedad Quimica y Minera de Chile S.A. (ADR)   11,070,270 
        TOTAL CHILE   11,070,270 
               
CHINA - 28.3%        
 643,654   *  Alibaba Group Holding Ltd (ADR)   108,449,262 
 15,302,723      Baoshan Iron & Steel Co Ltd   16,106,619 
 21,260,800      Brilliance China Automotive Holdings Ltd   20,130,366 
 8,978,000   *,†,e,m  China Animal Healthcare Ltd   11,441 
 36,031,100   e  China Molybdenum Co Ltd   14,678,983 
 9,652,900      Geely Automobile Holdings Ltd   16,423,421 
 5,771,222      Hangzhou Robam Appliances Co Ltd   21,062,953 
 1,286,800   *  JD.com, Inc (ADR)   31,976,980 
 7,103,792      Ping An Bank Co Ltd   11,851,696 
 3,503,200      Ping An Insurance Group Co of China Ltd   34,105,608 
 2,085,600      Sunny Optical Technology Group Co Ltd   20,697,855 
 2,481,676      Tencent Holdings Ltd   110,470,770 
 4,533,002      Tianqi Lithium Corp   18,280,189 
 2,211,000   *  Vipshop Holdings Ltd (ADR)   17,002,590 
 258,500   *,e  Weibo Corp (ADR)   15,680,610 
        TOTAL CHINA   456,929,343 
               
HONG KONG - 5.7%        
 22,290   *,†,m  Asia Pacific Investment Partners Ltd   29 
 621,536   *,†,e,m  China Metal Recycling Holdings Ltd   792 
 3,747,724      Melco Crown Entertainment Ltd (ADR)   80,875,884 
 22,290   *,†,m  Mongolian Metals Corporation   0 
 1,953,500      Techtronic Industries Co   11,403,646 
        TOTAL HONG KONG   92,280,351 
92

TIAA-CREF FUNDS - Emerging Markets Equity Fund

 

SHARES      COMPANY   VALUE 
               
INDIA - 5.8%        
 9,852,900      Bharat Electronics Ltd  $11,636,239 
 1,347,500      Indiabulls Housing Finance Ltd   12,654,813 
 8,868,700   *  Indiabulls Real Estate Ltd   9,205,372 
 1,018,800   *  Multi Commodity Exchange of India Ltd   10,110,174 
 2,865,200      Reliance Industries Ltd   49,631,445 
        TOTAL INDIA   93,238,043 
               
INDONESIA - 1.1%        
 33,540,200      PT Bank Mandiri Persero Tbk   17,974,994 
        TOTAL INDONESIA   17,974,994 
               
ITALY - 2.2%        
 10,829,200      Prada S.p.A   35,838,657 
        TOTAL ITALY   35,838,657 
               
JAPAN - 1.0%        
 54,101      Nintendo Co Ltd   16,408,180 
        TOTAL JAPAN   16,408,180 
               
KAZAKHSTAN - 0.8%        
 1,648,300      KAZ Minerals plc   12,870,474 
        TOTAL KAZAKHSTAN   12,870,474 
               
KENYA - 0.1%        
 6,759,200      Safaricom plc   1,599,275 
        TOTAL KENYA   1,599,275 
               
KOREA, REPUBLIC OF - 9.6%        
 89,500      E-Mart Co Ltd   15,459,562 
 206,800      Hynix Semiconductor, Inc   13,828,658 
 2,270,300   *  Samsung Electronics Co Ltd   94,658,133 
 95,900      Samsung SDI Co Ltd   19,358,247 
 48,200      Shinsegae Co Ltd   11,510,206 
        TOTAL KOREA, REPUBLIC OF   154,814,806 
               
MACAU - 1.7%        
 3,915,400      Galaxy Entertainment Group Ltd   27,261,518 
        TOTAL MACAU   27,261,518 
               
MALAYSIA - 1.0%        
 12,150,510      Bumiputra-Commerce Holdings BHD   16,725,984 
        TOTAL MALAYSIA   16,725,984 
               
MEXICO - 0.8%        
 2,269,800   *  Cemex SAB de C.V. (ADR)   12,347,712 
        TOTAL MEXICO   12,347,712 
               
PERU - 0.9%        
 904,359      Cia de Minas Buenaventura S.A. (ADR) (Series B)   14,153,218 
        TOTAL PERU   14,153,218 
93

TIAA-CREF FUNDS - Emerging Markets Equity Fund

 

SHARES      COMPANY   VALUE 
               
PHILIPPINES - 0.6%        
 37,343,600      Alliance Global Group, Inc  $9,823,430 
        TOTAL PHILIPPINES   9,823,430 
               
RUSSIA - 4.8%        
 297,200      LUKOIL PJSC (ADR)   23,835,440 
 1,969,018   *  Sberbank of Russia (ADR)   26,739,264 
 795,100   *  Yandex NV   26,699,458 
        TOTAL RUSSIA   77,274,162 
               
SOUTH AFRICA - 7.2%        
 840,500      Absa Group Ltd   11,795,034 
 305,517      Naspers Ltd (N Shares)   70,673,337 
 2,058,000      Sanlam Ltd   13,081,676 
 406,600      Sasol Ltd   12,301,369 
 693,300      Shoprite Holdings Ltd   8,578,736 
        TOTAL SOUTH AFRICA   116,430,152 
               
TAIWAN - 7.3%        
 8,338,100      ASE Industrial Holding Co Ltd   16,769,038 
 1,962,000      Bizlink Holdings Inc   11,721,815 
 5,799,900      Chipbond Technology Corp   12,887,808 
 102,700      Largan Precision Co Ltd   13,058,135 
 2,388,200      MediaTek, Inc   19,351,428 
 4,069,000      Taiwan Semiconductor Manufacturing Co Ltd   30,183,698 
 2,748,400      Win Semiconductors Corp   14,017,490 
        TOTAL TAIWAN   117,989,412 
               
THAILAND - 1.0%        
 1,103,100      Siam Cement PCL (ADR)   16,523,132 
        TOTAL THAILAND   16,523,132 
               
UNITED ARAB EMIRATES - 0.7%        
 9,136,200      Emaar Properties PJSC   10,774,090 
        TOTAL UNITED ARAB EMIRATES   10,774,090 
               
URUGUAY - 5.4%        
 9,619,888   a,n  Arcos Dorados Holdings, Inc   88,214,373 
        TOTAL URUGUAY   88,214,373 
              
        TOTAL COMMON STOCKS   1,604,942,790 
        (Cost $1,493,800,729)     
              
               
PREFERRED STOCKS - 0.0%        
               
PHILIPPINES - 0.0%        
 1,721,900   *,†,m  Ayala Land, Inc   3,304 
        TOTAL PHILIPPINES   3,304 
              
        TOTAL PREFERRED STOCKS   3,304 
        (Cost $4,057)     
94

TIAA-CREF FUNDS - Emerging Markets Equity Fund

 

SHARES      COMPANY   VALUE 
               
PURCHASED OPTIONS - 0.0%        
               
UNITED STATES - 0.0%        
 370,000      iShares MSCI Emerging Markets ETF  $266,400 
        TOTAL UNITED STATES   266,400 
              
        TOTAL PURCHASED OPTIONS   266,400 
        (Cost $233,100)     
              
PRINCIPAL      ISSUER  RATE  MATURITY DATE    
      
SHORT-TERM INVESTMENTS - 2.8%     
      
GOVERNMENT AGENCY DEBT - 1.6%                    
$25,150,000      Federal Home Loan Bank (FHLB)   2.260%  02/01/19   25,150,000 
        TOTAL GOVERNMENT AGENCY DEBT              25,150,000  
                      
SHARES      COMPANY             
                      
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.2%                    
 19,574,138   c  State Street Navigator Securities Lending Government Money Market Portfolio   19,574,138 
        TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES       19,574,138  
                      
        TOTAL SHORT-TERM INVESTMENTS           44,724,138 
        (Cost $44,724,138)             
        TOTAL INVESTMENTS - 102.1%              1,649,936,632  
        (Cost $1,538,762,024)             
        OTHER ASSETS & LIABILITIES, NET - (2.1)%              (33,693,051 )
        NET ASSETS - 100.0%          $1,616,243,581 
       
     
    Abbreviation(s):
    ADR  American Depositary Receipt
    ETF   Exchange Traded Fund
     
*   Non-income producing
  Security is categorized as Level 3 in the fair value hierarchy.
a   Affiliated holding
c   Investments made with cash collateral received from securities on loan.
e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $17,689,876.
m   Indicates a security that has been deemed illiquid.
n   All or a portion of these securities have been segregated by the custodian to cover requirements on open written options contracts.
       
95

TIAA-CREF FUNDS - Emerging Markets Equity Fund

 

Purchased options outstanding as of January 31, 2019 were as follows (See Note 3):    
     
Description/underlying investment   Number of contracts   Notional amount   Exercise price   Expiration date   Value 
iShares MSCI Emerging Markets ETF, Call   3,700   $233,100   $44.00    03/15/19  $266,400 
                        
Written options outstanding as of January 31, 2019 were as follows (See Note 3):                
                 
Description/underlying investment   Number of contracts   Notional amount   Exercise price   Expiration date   Value 
iShares MSCI Emerging Markets ETF, Put   3,400   $(231,197)  $35.00    03/15/19  $(10,200)
96

TIAA-CREF FUNDS - Emerging Markets Equity Fund

 

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2019

 

SECTOR  VALUE    % OF
NET ASSETS
 
CONSUMER DISCRETIONARY  $592,835,049    36.7%
INFORMATION TECHNOLOGY   254,810,490    15.8 
COMMUNICATION SERVICES   241,531,630    14.9 
FINANCIALS   180,134,395    11.1 
MATERIALS   116,031,389    7.2 
ENERGY   109,034,926    6.7 
CONSUMER STAPLES   57,658,923    3.6 
INDUSTRIALS   33,181,485    2.1 
REAL ESTATE   19,982,766    1.2 
HEALTH CARE   11,441    0.0 
SHORT-TERM INVESTMENTS   44,724,138    2.8 
OTHER ASSETS & LIABILITIES, NET   (33,693,051)   (2.1)
           
NET ASSETS  $1,616,243,581    100.0%
97

TIAA-CREF FUNDS - International Equity Fund

 

TIAA-CREF FUNDS

INTERNATIONAL EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES      COMPANY  VALUE 
               
COMMON STOCKS - 99.4%        
               
AUSTRIA - 0.6%        
 1,191,789      Wienerberger AG.  $26,755,730 
        TOTAL AUSTRIA   26,755,730 
               
DENMARK - 1.0%         
 155,365      Rockwool International AS (B Shares)   41,671,369 
        TOTAL DENMARK   41,671,369 
               
FRANCE - 17.8%        
 2,883,342      Accor S.A.   125,399,394 
 71,037      Airbus SE   8,187,723 
 1,954,388   e,g  ALD S.A.   28,363,607 
 4,688,953      Credit Agricole S.A.   53,554,501 
 129,424      Dassault Systemes S.A.   16,220,913 
 197,659      Essilor International S.A.   25,039,258 
 59,067      Kering   29,623,427 
 623,008      Nexity   29,097,405 
 1,338,680      Sanofi-Aventis   116,355,225 
 2,481,837      Schneider Electric S.A.   176,512,255 
 1,564,616      Vinci S.A.   137,671,170 
        TOTAL FRANCE   746,024,878 
               
GERMANY - 12.4%        
 554,063      BASF SE   40,589,340 
 839,566      Bayerische Motoren Werke AG.   70,733,740 
 294,529      Continental AG.   46,546,303 
 2,696,781      Daimler AG. (Registered)   159,754,419 
 166,004      HeidelbergCement AG.   11,495,302 
 1,397,479      Lanxess AG.   76,918,724 
 693,320      Porsche AG.   45,084,500 
 41,777      Rheinmetall AG.   4,339,388 
 4,316,897      TUI AG. (DI)   65,363,970 
        TOTAL GERMANY   520,825,686 
               
HONG KONG - 1.4%        
 1,023,056      Hong Kong Exchanges and Clearing Ltd   32,010,515 
 1,293,155      Melco Crown Entertainment Ltd (ADR)   27,906,285 
        TOTAL HONG KONG   59,916,800 
               
INDIA - 1.2%        
 469,235      HDFC Bank Ltd   13,732,712 
 873,153      Housing Development Finance Corp   23,661,313 
 448,038      IndusInd Bank Ltd   9,515,542 
 1,594,912      Motherson Sumi Systems Ltd   3,161,701 
        TOTAL INDIA   50,071,268 
98

TIAA-CREF FUNDS - International Equity Fund

 

SHARES      COMPANY  VALUE 
               
ITALY - 7.7%        
 7,162,911      Davide Campari-Milano S.p.A  $64,355,697 
 4,943,848      Mediobanca S.p.A.   43,084,393 
 1,105,709      Moncler S.p.A   41,612,977 
 10,250,145      Prada S.p.A   33,922,305 
 12,216,503   e  UniCredit S.p.A.   141,228,535 
        TOTAL ITALY   324,203,907 
               
JAPAN - 21.6%        
 2,263,279      Hitachi Ltd   71,199,307 
 2,038,615      Ishikawajima-Harima Heavy Industries Co Ltd   64,566,196 
 9,234,993      JX Holdings, Inc   50,442,725 
 2,241,892      Komatsu Ltd   59,033,775 
 1,080,373      Konami Corp   49,618,308 
 620,000      Murata Manufacturing Co Ltd   93,133,788 
 332,082      Nintendo Co Ltd   100,716,463 
 3,197,065      Sony Corp   160,195,115 
 2,734,617      Takeda Pharmaceutical Co Ltd   110,405,347 
 2,364,500      Toyota Motor Corp   145,535,182 
        TOTAL JAPAN   904,846,206 
               
KOREA, REPUBLIC OF - 0.5%        
 91,658      Samsung SDI Co Ltd   18,501,963 
        TOTAL KOREA, REPUBLIC OF   18,501,963 
               
NETHERLANDS - 0.6%        
 31,077   *,g  Adyen NV   23,059,868 
        TOTAL NETHERLANDS   23,059,868 
               
NORWAY - 1.0%        
 1,005,061      Yara International ASA   41,560,410 
        TOTAL NORWAY   41,560,410 
               
SPAIN - 1.2%        
 3,666,658   *,e  Siemens Gamesa Renewable Energy   52,056,145 
        TOTAL SPAIN   52,056,145 
               
SWEDEN - 4.1%        
 5,193,700      Electrolux AB (Series B)   122,894,260 
 3,110,698   e  Hennes & Mauritz AB (B Shares)   48,401,838 
        TOTAL SWEDEN   171,296,098 
               
SWITZERLAND - 6.0%        
 21,950      Burckhardt Compression Holding AG.   5,642,171 
 11,670,560      Credit Suisse Group   141,859,673 
 17,378      Geberit AG.   6,793,605 
 36,859      Lonza Group AG.   9,738,078 
 655,436      Nestle S.A.   57,143,455 
 32,301      Sika AG.   4,265,535 
 203,067      Vifor Pharma AG.   25,845,175 
        TOTAL SWITZERLAND   251,287,692 
99

TIAA-CREF FUNDS - International Equity Fund

 

SHARES      COMPANY  VALUE 
               
UNITED KINGDOM - 22.3%        
 5,043,946      BAE Systems plc  $33,932,496 
 5,397,595      CNH Industrial NV   53,051,492 
 1,016,558      Experian Group Ltd   25,523,301 
 1,366,123      Linde plc   221,571,156 
 230,775,251      Lloyds TSB Group plc   175,934,846 
 1,519,854      Reckitt Benckiser Group plc   116,944,657 
 55,606,778      Tesco plc   162,785,563 
 8,027,051      Travis Perkins plc   129,021,736 
 862,147      Weir Group plc   17,061,551 
        TOTAL UNITED KINGDOM   935,826,798 
                          
        TOTAL COMMON STOCKS   4,167,904,818 
        (Cost $4,217,482,874)     
                   
PRINCIPAL       ISSUER  RATE  MATURITY
DATE
    
                            
SHORT-TERM INVESTMENTS - 2.5%                    
                            
TREASURY DEBT - 1.4%                    
$10,160,000      United States Treasury Bill   2.268%  02/07/19   10,156,165 
 12,665,000      United States Treasury Bill   2.288   02/14/19   12,654,417 
 17,550,000      United States Treasury Bill   2.338   02/19/19   17,529,370 
 16,950,000      United States Treasury Bill   2.336   02/26/19   16,922,221 
        TOTAL TREASURY DEBT              57,262,173  
                      
SHARES      COMPANY             
                      
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.1%                    
 47,018,372   c  State Street Navigator Securities Lending Government Money Market Portfolio   47,018,372 
        TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES     47,018,372  
                      
        TOTAL SHORT-TERM INVESTMENTS           104,280,545 
        (Cost $104,281,132)             
        TOTAL INVESTMENTS - 101.9%              4,272,185,363  
        (Cost $4,321,764,006)             
        OTHER ASSETS & LIABILITIES, NET - (1.9)%              (77,690,363 )
        NET ASSETS - 100.0%          $4,194,495,000 
       
     
    Abbreviation(s):
    ADR     American Depositary Receipt

 

*   Non-income producing
c   Investments made with cash collateral received from securities on loan.
e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $44,531,431.
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 1/31/2019, the aggregate value of these securities amounted to $51,423,475 or 1.2% of net assets.
100

TIAA-CREF FUNDS - International Equity Fund

 

TIAA-CREF FUNDS

INTERNATIONAL EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2019

 

SECTOR  VALUE   % OF
NET ASSETS
 
CONSUMER DISCRETIONARY  $1,151,174,674    27.4%
INDUSTRIALS   843,427,980    20.1 
FINANCIALS   634,582,029    15.1 
MATERIALS   423,156,199    10.1 
CONSUMER STAPLES   401,229,372    9.6 
HEALTH CARE   262,343,825    6.3 
INFORMATION TECHNOLOGY   222,115,838    5.3 
COMMUNICATION SERVICES   150,334,771    3.6 
ENERGY   50,442,725    1.2 
REAL ESTATE   29,097,405    0.7 
SHORT-TERM INVESTMENTS   104,280,545    2.5 
OTHER ASSETS & LIABILITIES, NET   (77,690,363)   (1.9)
           
NET ASSETS  $4,194,495,000    100.0%
101

TIAA-CREF FUNDS - International Opportunities Fund

 

TIAA-CREF FUNDS

INTERNATIONAL OPPORTUNITIES FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES      COMPANY  VALUE 
               
COMMON STOCKS - 96.6%        
               
AUSTRALIA - 4.0%        
 1,774,133   *,e  Afterpay Touch Group Ltd  $20,726,005 
 785,401      Australia & New Zealand Banking Group Ltd   14,297,329 
 934,508      BHP Billiton Ltd   23,860,701 
 847,900      IDP Education Ltd   7,010,322 
        TOTAL AUSTRALIA   65,894,357 
               
BRAZIL - 7.4%        
 1,997,000   *  B2W Companhia Global Do Varejo   27,416,890 
 2,627,955   *  Banco Itau Holding Financeira S.A.   27,956,137 
 3,084,200      Localiza Rent A Car   28,197,126 
 442,900      Magazine Luiza S.A.   21,773,268 
 746,857   *,e  Pagseguro Digital Ltd   16,109,706 
        TOTAL BRAZIL   121,453,127 
               
CANADA - 8.2%        
 484,466      Alimentation Couche Tard, Inc   26,318,492 
 230,600   e  Bank of Montreal   16,879,720 
 1,009,191      Cenovus Energy, Inc    7,880,284 
 861,495      Dollarama, Inc   23,190,440 
 1,880,400      Entertainment One Ltd   9,733,497 
 130,400   *  Shopify, Inc (Class A)    21,950,510 
 382,104   *,g  Spin Master Corp   12,100,421 
 541,721      Suncor Energy, Inc   17,472,610 
        TOTAL CANADA   135,525,974 
               
CHINA - 6.2%        
 14,247,400   *,†,e,m  China Animal Healthcare Ltd   18,156 
 15,484,500      China Everbright International Ltd   15,636,631 
 7,422,508      Haitong Securities Co Ltd   8,401,387 
 1,675,200      Sunny Optical Technology Group Co Ltd   16,624,975 
 1,010,000      Tencent Holdings Ltd   44,959,728 
 436,400      Yum China Holdings, Inc   15,906,780 
        TOTAL CHINA   101,547,657 
               
DENMARK - 1.4%        
 510,300      Novo Nordisk AS   23,915,761 
        TOTAL DENMARK   23,915,761 
               
FINLAND - 1.2%        
 1,324,969      Outokumpu Oyj   5,726,329 
 296,996      Sampo Oyj (A Shares)   13,606,973 
        TOTAL FINLAND   19,333,302 
102

TIAA-CREF FUNDS - International Opportunities Fund

 

SHARES      COMPANY  VALUE 
               
FRANCE - 4.0%        
 171,602      Essilor International S.A.  $21,738,382 
 83,512      L’Oreal S.A.   20,128,484 
 135,639      Teleperformance   23,343,597 
        TOTAL FRANCE   65,210,463 
               
GERMANY - 2.8%        
 144,082      Beiersdorf AG.   14,422,868 
 95,451      Fresenius Medical Care AG.   7,020,431 
 145,300      Wirecard AG.   24,093,331 
        TOTAL GERMANY   45,536,630 
               
HONG KONG - 2.7%        
 2,685,000      AIA Group Ltd   24,244,222 
 938,002      Melco Crown Entertainment Ltd (ADR)   20,242,083 
        TOTAL HONG KONG   44,486,305 
               
INDIA - 0.8%        
 1,358,120      Container Corp Of India Ltd   12,553,856 
        TOTAL INDIA   12,553,856 
               
INDONESIA - 1.1%        
 68,313,000      Bank Rakyat Indonesia   18,935,667 
        TOTAL INDONESIA   18,935,667 
               
IRELAND - 2.6%        
 491,610      CRH plc   14,150,787 
 904,286      Keywords Studios plc   14,212,167 
 484,389      Smurfit Kappa Group plc   13,967,717 
        TOTAL IRELAND   42,330,671 
               
ISRAEL - 1.2%        
 1,029,800   *  Teva Pharmaceutical Industries Ltd (ADR)   20,441,530 
        TOTAL ISRAEL   20,441,530 
               
ITALY - 3.9%        
 539,200      Amplifon S.p.A.   9,659,999 
 1,806,000      Davide Campari-Milano S.p.A   16,226,139 
 155,700      Ferrari NV   19,386,223 
 498,689      Moncler S.p.A   18,767,988 
        TOTAL ITALY   64,040,349 
               
JAPAN - 12.0%        
 296,700      en-japan, Inc   11,159,056 
 375,400   *,e  GMO Payment Gateway, Inc   19,431,859 
 1,753,200   e  Infomart Corp   18,713,511 
 629,200      Kubota Corp   9,975,372 
 217,300   e  Megachips Corp   5,639,410 
 1,279,900   e  MonotaRO Co Ltd   27,329,661 
 2,329,200      Nomura Holdings, Inc   9,095,111 
 879,600      ORIX Corp   13,267,723 
 354,000      Paltac Corp   17,059,889 
103

TIAA-CREF FUNDS - International Opportunities Fund

 

SHARES      COMPANY  VALUE 
         
 365,802   e  Seria Co Ltd  $11,302,177 
 206,799   *,e  SHIFT, Inc   9,130,429 
 808,400      SMS Co Ltd   13,335,080 
 349,000      TechnoPro Holdings, Inc   18,340,150 
 736,500   *,e  Tokyo Base Co Ltd   5,702,183 
 670,000   e  Yume No Machi Souzou Iinkai Co Ltd   9,027,541 
        TOTAL JAPAN   198,509,152 
               
KOREA, REPUBLIC OF - 0.1%        
 14,833   *  Cafe24 Corp   1,483,946 
        TOTAL KOREA, REPUBLIC OF   1,483,946 
               
NETHERLANDS - 3.2%        
 27,150   *,g  Adyen NV   20,145,941 
 107,047      ASML Holding NV   18,719,039 
 1,165,720      ING Groep NV   13,832,210 
        TOTAL NETHERLANDS   52,697,190 
               
NORWAY - 4.5%        
 815,986      Aker BP ASA   27,188,907 
 944,257      DNB NOR Holding ASA   16,759,826 
 790,055      Statoil ASA   18,065,543 
 427,810      TGS Nopec Geophysical Co ASA   12,682,441 
        TOTAL NORWAY   74,696,717 
               
PHILIPPINES - 1.5%        
 5,703,054      Banco de Oro Universal Bank   14,817,258 
 6,009,020      Robinsons Retail Holdings, Inc   10,147,645 
        TOTAL PHILIPPINES   24,964,903 
               
PORTUGAL - 1.0%        
 1,204,396      Jeronimo Martins SGPS S.A.   17,068,893 
        TOTAL PORTUGAL   17,068,893 
               
SPAIN - 1.2%        
 279,399      Amadeus IT Holding S.A.   20,317,447 
 142,139   *,†,e,m  Let’s GOWEX S.A.   8,024 
        TOTAL SPAIN   20,325,471 
               
SWEDEN - 3.0%        
 416,726      Boliden AB   10,429,920 
 411,035      Hexagon AB (B Shares)   20,128,975 
 652,000   e  Intrum Justitia AB   18,632,312 
        TOTAL SWEDEN   49,191,207 
               
SWITZERLAND - 2.5%        
 81,367      Lonza Group AG.   21,497,006 
 222,935      Novartis AG.   19,462,396 
        TOTAL SWITZERLAND   40,959,402 
               
TAIWAN - 0.8%        
 958,032      Dadi Early-Childhood Education Group Ltd   6,437,070 
104

TIAA-CREF FUNDS - International Opportunities Fund

 

SHARES      COMPANY  VALUE 
               
 1,781,949      Hota Industrial Manufacturing Co Ltd  $7,115,086 
        TOTAL TAIWAN   13,552,156 
               
UNITED KINGDOM - 14.4%        
 112,900   *,e  accesso Technology Group plc   2,121,466 
 1,577,180      Ashtead Group plc   40,005,114 
 221,272   *,e  ASOS plc   9,595,185 
 2,404,119      Beazley plc   15,603,099 
 6,990,888   *  boohoo.com plc   17,274,965 
 1,270,400      CNH Industrial NV   12,486,416 
 507,700      Dechra Pharmaceuticals plc   15,773,665 
 2,294,186      Electrocomponents plc   16,376,483 
 543,423      Fevertree Drinks plc   18,356,440 
 1,904,794   *  Just Eat plc   17,406,897 
 3,000,600      Learning Technologies Group plc   2,956,884 
 167,485      Linde plc   27,164,351 
 6,204,485   *,e  Purplebricks Group plc   14,086,528 
 2,087,350      Rightmove plc   12,925,681 
 2,088,815      Vesuvius plc   15,426,617 
        TOTAL UNITED KINGDOM   237,559,791 
               
UNITED STATES - 4.9%        
 983,770      Burford Capital Ltd   23,751,438 
 308,200      iShares MSCI EAFE Index Fund   19,317,976 
 194,000   *  Lululemon Athletica, Inc   28,675,140 
 578,600      Travelport Worldwide Ltd   9,060,876 
        TOTAL UNITED STATES   80,805,430 
              
        TOTAL COMMON STOCKS   1,593,019,907 
        (Cost $1,300,223,779)     
              

 

PRINCIPAL   ISSUER  RATE  MATURITY
DATE
    
                            
SHORT-TERM INVESTMENTS - 9.9%                    
                            
GOVERNMENT AGENCY DEBT - 1.8%                    
$30,000,000      Federal Home Loan Bank (FHLB)   2.260%  02/01/19   30,000,000 
        TOTAL GOVERNMENT AGENCY DEBT              30,000,000  
                            
TREASURY DEBT - 2.2%                    
 35,525,000      United States Treasury Bill   2.343   02/19/19   35,483,240 
        TOTAL TREASURY DEBT              35,483,240  
                      
SHARES      COMPANY             
                      
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 5.9%                    
 97,505,383   c  State Street Navigator Securities Lending Government Money Market Portfolio   97,505,383 
        TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES     97,505,383  
                      
        TOTAL SHORT-TERM INVESTMENTS           162,988,623 
        (Cost $162,988,819)             
105

TIAA-CREF FUNDS - International Opportunities Fund

 

                 VALUE 
                
        TOTAL INVESTMENTS - 106.5%            $ 1,756,008,530  
        (Cost $1,463,212,598)             
        OTHER ASSETS & LIABILITIES, NET - (6.5)%              (107,426,230 )
        NET ASSETS - 100.0%          $1,648,582,300 
       
     
    Abbreviation(s):
    ADR    American Depositary Receipt
     
*   Non-income producing
  Security is categorized as Level 3 in the fair value hierarchy.
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 $91,038,820.
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 1/31/2019, the aggregate value of these securities amounted to $32,246,362 or 2.0% of net assets.
m   Indicates a security that has been deemed illiquid.
106

TIAA-CREF FUNDS - International Opportunities Fund

 

TIAA-CREF FUNDS

INTERNATIONAL OPPORTUNITIES FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2019

 

SECTOR  VALUE   % OF
NET ASSETS
 
CONSUMER DISCRETIONARY  $317,128,928    19.2%
INFORMATION TECHNOLOGY   277,942,959    16.9 
FINANCIALS   250,766,077    15.2 
INDUSTRIALS   246,420,989    14.9 
CONSUMER STAPLES   122,668,962    7.4 
HEALTH CARE   117,788,944    7.1 
MATERIALS   95,299,805    5.8 
ENERGY   83,289,785    5.1 
COMMUNICATION SERVICES   67,626,930    4.1 
REAL ESTATE   14,086,528    0.9 
SHORT-TERM INVESTMENTS   162,988,623    9.9 
OTHER ASSETS & LIABILITIES, NET   (107,426,230)   (6.5)
           
NET ASSETS  $1,648,582,300    100.0%
107

TIAA-CREF FUNDS - Quant International Equity Fund

 

TIAA-CREF FUNDS

QUANT INTERNATIONAL EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES       COMPANY  VALUE  
             
COMMON STOCKS - 99.2%     
             
AUSTRALIA - 7.8%     
 452,123     AGL Energy Ltd  $7,064,297 
 233,273     Amcor Ltd   2,316,101 
 233,175     Aristocrat Leisure Ltd   4,193,792 
 41,616     BHP Billiton Ltd   1,062,577 
 246,253     BlueScope Steel Ltd   2,249,858 
 295,638     Caltex Australia Ltd   5,778,486 
 83,328     CIMIC Group Ltd   2,716,524 
 3,650     Cochlear Ltd   515,837 
 151,052  *  Coles Group Ltd   1,373,594 
 164,409     Commonwealth Bank of Australia   8,377,158 
 107,339     Computershare Ltd   1,390,537 
 189,471     Crown Resorts Ltd   1,651,050 
 73,022     CSL Ltd   10,383,294 
 126,411     Flight Centre Travel Group Ltd   3,966,731 
 1,407,598  e  Harvey Norman Holdings Ltd   3,456,730 
 226,418     Macquarie Group Ltd   19,256,331 
 183,298     Rio Tinto Ltd   11,655,130 
 266,604     Rio Tinto plc   14,749,100 
 186,871     Santos Ltd   881,695 
 1,617,019     South32 Ltd   4,137,562 
 2,054,474     Telstra Corp Ltd   4,657,975 
 28     TPG Telecom Ltd   142 
 686,028     Westpac Banking Corp   12,260,707 
 18,321     Woodside Petroleum Ltd   458,271 
 346,644     Woolworths Ltd   7,407,086 
       TOTAL AUSTRALIA   131,960,565 
             
AUSTRIA - 0.5%     
 162,665     OMV AG.   8,088,153 
       TOTAL AUSTRIA   8,088,153 
             
BELGIUM - 1.4%     
 81,690     Solvay S.A.   8,893,572 
 171,425     UCB S.A.   14,854,506 
       TOTAL BELGIUM   23,748,078 
             
DENMARK - 1.2%     
 3,291     AP Moller - Maersk AS (Class A)   4,108,543 
 9,915     DSV AS   791,299 
 338,879     Novo Nordisk AS   15,881,930 
       TOTAL DENMARK   20,781,772 
108

TIAA-CREF FUNDS - Quant International Equity Fund

 

SHARES       COMPANY  VALUE  
             
FINLAND - 1.6%     
 39,220     Neste Oil Oyj  $3,593,342 
 284,542     Nordea Bank Abp   2,589,697 
 148,202     Stora Enso Oyj (R Shares)   1,993,658 
 623,505     UPM-Kymmene Oyj   18,107,668 
       TOTAL FINLAND   26,284,365 
             
FRANCE - 10.3%     
 377,353     Alstom RGPT   15,180,777 
 17,717     Atos Origin S.A.   1,615,432 
 512,915     AXA S.A.   11,894,585 
 13,508     Cap Gemini S.A.   1,491,760 
 31,111  e  Casino Guichard Perrachon S.A.   1,530,765 
 183,868     CNP Assurances   4,177,277 
 1,473,234     Credit Agricole S.A.   16,826,424 
 268,016     Edenred   10,853,797 
 140,380     Eiffage S.A.   13,151,665 
 96,647     Eutelsat Communications   2,049,562 
 265,329     Faurecia   11,608,001 
 43,786     Kering   21,959,662 
 47,016     L'Oreal S.A.   11,332,034 
 14,080     LVMH Moet Hennessy Louis Vuitton S.A.   4,516,866 
 735,831     Peugeot S.A.   18,510,121 
 102,434     Safran S.A.   13,458,715 
 51,120     Sanofi-Aventis   4,443,242 
 178,038     Total S.A.   9,760,243 
 4,488     Vinci S.A.   394,901 
       TOTAL FRANCE   174,755,829 
             
GERMANY - 8.2%     
 9,359     Adidas-Salomon AG.   2,226,891 
 130,962     Allianz AG.   27,786,523 
 103,004     Aroundtown S.A.   911,135 
 13,730     BASF SE   1,005,827 
 7,916     Bayer AG.   599,999 
 279,455  g  Covestro AG.   15,442,566 
 254,915     Deutsche Annington Immobilien SE   12,811,667 
 163,787     Deutsche Lufthansa AG.   4,134,975 
 1,185,761     Deutsche Telekom AG.   19,281,487 
 19,930     Hochtief AG.   2,980,875 
 684,617     Infineon Technologies AG.   15,228,256 
 2,751     MTU Aero Engines Holding AG.   593,232 
 43,389     SAP AG.   4,486,647 
 23,810     Siemens AG.   2,614,286 
 83,044     Volkswagen AG.   14,487,279 
 79,867     Wirecard AG.   13,243,373 
       TOTAL GERMANY   137,835,018 
             
HONG KONG - 3.7%     
 1,609,375     AIA Group Ltd   14,531,860 
 693,500     CK Asset Holdings Ltd   5,838,441 
 1,406,340     CK Hutchison Holdings Ltd   14,202,908 
 238,000     CLP Holdings Ltd   2,771,999 
 22,800     Jardine Strategic Holdings Ltd   874,061 
109

TIAA-CREF FUNDS - Quant International Equity Fund

 

SHARES      COMPANY  VALUE  
       
 644,000     Kerry Properties Ltd  $2,674,867 
 199,500     Link REIT   2,192,932 
 409,000     New World Development Co Ltd   645,054 
 187,500     Sun Hung Kai Properties Ltd   3,144,852 
 695,500     Swire Pacific Ltd (Class A)   8,236,954 
 101,500     Techtronic Industries Co   592,511 
 1,352,000     Wharf Holdings Ltd   4,086,421 
 515,000     Wheelock & Co Ltd   3,301,471 
       TOTAL HONG KONG   63,094,331 
             
IRELAND - 0.4%     
 917,550     AIB Group plc   4,107,584 
 23,901     Kingspan Group plc   977,522 
 28,856     Smurfit Kappa Group plc   832,084 
       TOTAL IRELAND   5,917,190 
             
ISRAEL - 0.7%     
 1,653,464     Bank Leumi Le-Israel   10,931,707 
 115,480     Israel Chemicals Ltd   670,255 
       TOTAL ISRAEL   11,601,962 
             
ITALY - 2.0%     
 40,485     Assicurazioni Generali S.p.A.   708,782 
 3,715,805     Enel S.p.A.   22,458,013 
 585,585     ENI S.p.A.   9,929,074 
 75,720     UniCredit S.p.A.   875,359 
       TOTAL ITALY   33,971,228 
             
JAPAN - 24.5%     
 955,300     Acom Co Ltd   3,349,072 
 199,700     Aeon Mall Co Ltd   3,319,549 
 251,600     Alfresa Holdings Corp   6,934,433 
 179,600     Alps Electric Co Ltd   3,786,085 
 280,100     Asahi Breweries Ltd   11,733,232 
 149,200     Asahi Intecc Co Ltd   6,493,498 
 182,100     Asahi Kasei Corp   1,998,075 
 170,800     Astellas Pharma, Inc   2,534,369 
 200,600     Brother Industries Ltd   3,385,318 
 18,200     Central Japan Railway Co   3,933,425 
 116,200     Chubu Electric Power Co, Inc   1,839,276 
 57,700     Daifuku Co Ltd   2,899,769 
 679,700     Dai-ichi Mutual Life Insurance Co   11,036,283 
 267,300     Daiwa House Industry Co Ltd   8,666,222 
 12,500     Don Quijote Co Ltd   726,889 
 437,400     Hakuhodo DY Holdings, Inc   6,731,500 
 316,600     Hitachi Ltd   9,959,753 
 225,800     Honda Motor Co Ltd   6,778,957 
 53,400     Hoya Corp   3,099,194 
 364,200     Hulic Co Ltd   3,360,621 
 126,800     Isuzu Motors Ltd   1,886,194 
 547,200     Itochu Corp   10,037,945 
 193,100     Japan Airlines Co Ltd   7,030,474 
 127,000     Japan Airport Terminal Co Ltd   4,866,156 
110

TIAA-CREF FUNDS - Quant International Equity Fund

 

SHARES      COMPANY  VALUE  
             
 103,500     JX Holdings, Inc  $565,330 
 275,000     Kakaku.com, Inc   4,827,844 
 466,900     Kansai Electric Power Co, Inc   7,106,922 
 311,300     KDDI Corp   7,777,715 
 531,600     Kirin Brewery Co Ltd   12,691,348 
 266,900     Komatsu Ltd   7,028,043 
 292,200     Konica Minolta Holdings, Inc   2,942,164 
 17,600     Kose Corp   2,583,634 
 238,300     Kyushu Railway Co   8,136,123 
 847,100     Marubeni Corp   6,602,802 
 231,300     Mediceo Paltac Holdings Co Ltd   5,338,664 
 32,800     MEIJI Holdings Co Ltd   2,536,262 
 805,200     Mitsubishi Chemical Holdings Corp   6,919,512 
 509,685     Mitsubishi Corp   14,937,959 
 238,500     Mitsubishi Motors Corp   1,481,842 
 1,153,100     Mitsubishi UFJ Financial Group, Inc   6,185,133 
 787,600     Mitsubishi UFJ Lease & Finance Co Ltd   4,031,642 
 646,100     Mitsui & Co Ltd   10,555,929 
 46,100     Mitsui Chemicals, Inc   1,157,340 
 89,900     Mitsui Fudosan Co Ltd   2,184,107 
 25,600     Murata Manufacturing Co Ltd   3,845,524 
 95,300     Namco Bandai Holdings, Inc   4,210,038 
 63,000     Nippon Telegraph & Telephone Corp   2,708,254 
 48,500     Obic Co Ltd   4,596,255 
 41,300     Oracle Corp Japan   3,009,082 
 415,000     Ricoh Co Ltd   4,420,944 
 21,700     SBI Holdings, Inc   463,551 
 61,700     Seven & I Holdings Co Ltd   2,686,602 
 79,000     Sharp Corp   841,088 
 129,900     Shin-Etsu Chemical Co Ltd   10,952,726 
 192,700     Shionogi & Co Ltd   11,885,286 
 37,600     Shiseido Co Ltd   2,236,701 
 281,100     Showa Shell Sekiyu KK   4,188,168 
 126,300  *  Softbank Corp   1,557,227 
 133,700     Softbank Group Corp   10,530,710 
 432,700     Sony Corp   21,681,269 
 190,700     Sony Financial Holdings, Inc   3,628,793 
 299,700     Sumco Corp   4,172,790 
 6,900     Sumitomo Heavy Industries Ltd   234,070 
 78,991     Suzuki Motor Corp   4,124,953 
 138,000     T&D Holdings, Inc   1,713,143 
 78,900     Taiheiyo Cement Corp   2,708,931 
 77,100     Taisei Corp   3,630,051 
 22,700     TDK Corp   1,796,387 
 365,000     Tokio Marine Holdings, Inc   17,872,477 
 145,500  *  Toshiba Corp   4,607,506 
 549,976     Toyota Motor Corp   33,851,071 
 70,500     Toyota Tsusho Corp   2,242,304 
 63,700     Yokohama Rubber Co Ltd   1,351,132 
       TOTAL JAPAN   413,723,637 
             
NETHERLANDS - 4.1%     
 699,611  g  ABN AMRO Group NV (ADR)   17,445,469 
111

TIAA-CREF FUNDS - Quant International Equity Fund

 

SHARES      COMPANY  VALUE  
             
 3,680     ASML Holding NV  $643,512 
 113,755     EXOR NV   7,272,572 
 188,013     ING Groep NV   2,230,926 
 769,462     Koninklijke Ahold Delhaize NV   20,272,322 
 6,453     NXP Semiconductors NV   561,605 
 386,699     Royal Dutch Shell plc (A Shares)   11,987,832 
 298,549     Royal Dutch Shell plc (B Shares)   9,269,540 
       TOTAL NETHERLANDS   69,683,778 
             
NEW ZEALAND - 0.1%     
 86,055     Fisher & Paykel Healthcare Corp   748,938 
 430,628     Telecom Corp of New Zealand Ltd   1,210,536 
       TOTAL NEW ZEALAND   1,959,474 
             
NORWAY - 1.0%     
 52,896     DNB NOR Holding ASA   938,863 
 43,865     Statoil ASA   1,003,025 
 818,397     Telenor ASA   15,493,837 
       TOTAL NORWAY   17,435,725 
             
PORTUGAL - 0.0%     
 17,224     Galp Energia SGPS S.A.   269,117 
       TOTAL PORTUGAL   269,117 
             
SINGAPORE - 1.3%     
 648,082     Oversea-Chinese Banking Corp   5,559,692 
 228,100     Singapore Technologies Engineering Ltd   631,657 
 866,700     United Overseas Bank Ltd   16,242,994 
       TOTAL SINGAPORE   22,434,343 
             
SOUTH AFRICA - 1.0%     
 623,010     Anglo American plc (London)   15,921,503 
 141,100     Investec plc   906,967 
       TOTAL SOUTH AFRICA   16,828,470 
             
SPAIN - 2.1%     
 27,889     ACS Actividades Construccion y Servicios S.A.   1,154,162 
 214,988     Amadeus IT Holding S.A.   15,633,583 
 374,812  e  Banco Santander S.A.   1,777,595 
 143,707     Enagas   4,188,764 
 297,186     Endesa S.A.   7,433,053 
 9,915     Gas Natural SDG S.A.   277,172 
 211,217     Red Electrica Corp S.A.   4,867,585 
       TOTAL SPAIN   35,331,914 
             
SWEDEN - 2.8%     
 71,734     Boliden AB   1,795,376 
 360,712     Investor AB (B Shares)   15,864,612 
 592,822     Sandvik AB   9,473,201 
 1,372,085     Volvo AB (B Shares)   19,771,564 
       TOTAL SWEDEN   46,904,753 
112

TIAA-CREF FUNDS - Quant International Equity Fund

 

SHARES     COMPANY   VALUE 
             
SWITZERLAND - 8.1%     
 4,941     Barry Callebaut AG.  $8,406,028 
 1,459     Lindt & Spruengli AG.   9,277,042 
 315,535     Nestle S.A.   27,509,566 
 371,474     Novartis AG.   32,429,964 
 10,672     Partners Group   7,340,242 
 151,060     Roche Holding AG.   40,187,352 
 3,224     Swiss Life Holding   1,330,065 
 32,163     Zurich Financial Services AG.   10,094,444 
       TOTAL SWITZERLAND   136,574,703 
             
UNITED ARAB EMIRATES - 0.1%     
 29,106     NMC Health plc   985,311 
       TOTAL UNITED ARAB EMIRATES   985,311 
             
UNITED KINGDOM - 15.2%     
 259,275     3i Group plc   2,893,698 
 526,744     Ashtead Group plc   13,360,843 
 322,612     AstraZeneca plc (ADR)   11,801,147 
 442,316  g  Auto Trader Group plc   2,654,494 
 674,693     BP plc (ADR)   27,743,376 
 768,795     British American Tobacco plc   27,100,052 
 1,572,432     BT Group plc   4,794,974 
 41,283     Bunzl plc   1,301,740 
 322,412     Coca-Cola European Partners plc (Class A)   15,340,363 
 529,927     Diageo plc   20,225,413 
 271,519  *  Fiat DaimlerChrysler Automobiles NV   4,646,201 
 678,260     GlaxoSmithKline plc   13,174,904 
 1,508,008     HSBC Holdings plc   12,697,802 
 58,299     Imperial Tobacco Group plc   1,935,180 
 1,223,922     International Consolidated Airlines Group S.A.   10,328,029 
 5,523,580     Legal & General Group plc   18,818,271 
 11,963,886     Lloyds TSB Group plc   9,120,841 
 884,384     National Grid plc   9,630,405 
 46,295     Next plc   2,944,299 
 652,218     Pearson plc   7,754,155 
 499,796     Persimmon plc   15,591,415 
 531,709     Prudential plc   10,398,170 
 167,055     RELX plc (London)   3,700,188 
 238,068     Sage Group plc   1,956,769 
 438,461     Segro plc   3,727,226 
 360,116     Tesco plc   1,054,218 
 44,503     Unilever NV   2,383,144 
       TOTAL UNITED KINGDOM   257,077,317 
             
UNITED STATES - 1.1%     
 100,605     Ferguson plc   6,736,825 
 200,000     iShares MSCI EAFE Index Fund   12,536,000 
       TOTAL UNITED STATES   19,272,825 
             
       TOTAL COMMON STOCKS   1,676,519,858 
       (Cost $1,627,381,577)     
113

TIAA-CREF FUNDS - Quant International Equity Fund

 

PRINCIPAL      ISSUER  RATE  MATURITY
DATE
  VALUE  
           
SHORT-TERM INVESTMENTS - 0.6%        
           
GOVERNMENT AGENCY DEBT - 0.2%                
$ 3,850,000     Federal Home Loan Bank (FHLB)   2.260%  02/01/19  $ 3,850,000  
        TOTAL GOVERNMENT AGENCY DEBT            3,850,000  
                         
SHARES     COMPANY                
                         
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.4%                
  6,537,010  c  State Street Navigator Securities Lending Government Money Market Portfolio    6,537,010  
        TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES    6,537,010  
                         
        TOTAL SHORT-TERM INVESTMENTS            10,387,010  
        (Cost $10,387,010)                
        TOTAL INVESTMENTS - 99.8%            1,686,906,868  
        (Cost $1,637,768,587)                
        OTHER ASSETS & LIABILITIES, NET - 0.2%            2,966,917  
        NET ASSETS - 100.0%          $ 1,689,873,785  

 

       
    Abbreviation(s):
    ADR    American Depository 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 $6,227,654.
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 1/31/2019, the aggregate value of these securities amounted to $35,542,529 or 2.1% of net assets.
114

TIAA-CREF FUNDS - Quant International Equity Fund

 

 

TIAA-CREF FUNDS

QUANT INTERNATIONAL EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2019

 

SECTOR  VALUE    % OF
NET ASSETS
 
FINANCIALS  $336,073,310    19.9%
INDUSTRIALS   240,234,842    14.2 
CONSUMER STAPLES   189,614,586    11.2 
CONSUMER DISCRETIONARY   187,284,983    11.0 
HEALTH CARE   182,291,870    10.8 
MATERIALS   124,569,422    7.4 
INFORMATION TECHNOLOGY   98,165,774    5.8 
ENERGY   97,704,417    5.8 
COMMUNICATION SERVICES   92,030,412    5.4 
REAL ESTATE   65,101,519    3.9 
UTILITIES   63,448,723    3.8 
SHORT-TERM INVESTMENTS   10,387,010    0.6 
OTHER ASSETS & LIABILITIES, NET   2,966,917    0.2 
           
NET ASSETS  $1,689,873,785    100.0%
115

TIAA-CREF FUNDS - Quant International Small-Cap Equity Fund

 

TIAA-CREF FUNDS

QUANT INTERNATIONAL SMALL-CAP EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

 

SHARES     COMPANY  VALUE 
     
COMMON STOCKS - 99.5%    
             
AUSTRALIA - 5.2%     
 886,644     Abacus Property Group  $2,378,378 
 201,000     Ansell Ltd   3,431,922 
 400,000     Atlas Arteria Ltd   1,938,146 
 1,839,000     Australian Pharmaceutical Industries Ltd   1,686,980 
 1,266,714     Beach Petroleum Ltd   1,666,326 
 185,000     Bunnings Warehouse Property Trust   490,563 
 15,785     Cedar Woods Properties Ltd   56,338 
 333,000     Charter Hall Group   1,996,320 
 510,000     Cleanaway Waste Management Ltd   671,302 
 904,800     Downer EDI Ltd   4,706,160 
 1,351,000     Evolution Mining Ltd   3,943,927 
 561,000     GDI Property Group   555,120 
 359,000  e  Inghams Group Ltd   1,201,933 
 164,000  e  JB Hi-Fi Ltd   2,672,270 
 1,444,000     Nine Entertainment Co Holdings Ltd   1,533,004 
 400,000     Northern Star Resources Ltd   2,556,789 
 1,207,667     Shopping Centres Australasia Property Group   2,191,460 
 849,000     St Barbara Ltd   3,095,862 
 300,000  e  Super Cheap Auto Group Ltd   1,591,215 
 618,115     Tassal Group Ltd   1,962,418 
 110,000     Webjet Ltd   960,218 
 1,838,000     Whitehaven Coal Ltd   6,650,893 
       TOTAL AUSTRALIA   47,937,544 
              
AUSTRIA - 0.5%      
 52,000     CA Immobilien Anlagen AG.   1,860,569 
 72,000     Sparkassen Immobilien AG.   1,388,440 
 116,000     Uniqa Versicherungen AG.   1,059,069 
       TOTAL AUSTRIA   4,308,078 
              
BELGIUM - 0.5%      
 25,000  e  bpost S.A.   229,185 
 43,000     KBC Ancora   1,924,108 
 18,733     Warehouses De Pauw SCA   2,735,972 
       TOTAL BELGIUM   4,889,265 
              
BRAZIL - 2.5%      
 289,990     Banco ABC Brasil S.A.   1,586,632 
 308,000     Banco do Estado do Rio Grande do Sul   1,984,947 
 82,000     CVC Brasil Operadora e Agencia de Viagens S.A.   1,440,147 
 752,000     Estacio Participacoes S.A.   6,416,430 
 78,000  *,m  Magnesita Refratarios S.A.   1,270,344 
 288,000     Randon Participacoes S.A.   790,472 
116

TIAA-CREF FUNDS - Quant International Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
             
 287,000     SLC Agricola S.A.  $3,485,989 
 814,000     Transmissora Alianca de Energia Eletrica S.A.   5,743,375 
       TOTAL BRAZIL   22,718,336 
              
CANADA - 6.5%         
 60,000     Aecon Group, Inc   834,278 
 101,000     AGF Management Ltd   417,390 
 43,000     Alaris Royalty Corp   615,571 
 52,000     Canadian Apartment Properties REIT   1,852,125 
 167,000  *  Canfor Corp   2,303,010 
 65,000     Capital Power Corp   1,422,733 
 295,000  e  Chorus Aviation, Inc   1,594,049 
 46,000  e  Cineplex Galaxy Income Fund   995,654 
 59,000     Cogeco Communications, Inc   3,363,667 
 284,000     Dream Global REIT   2,803,364 
 109,000     Entertainment One Ltd   564,216 
 14,000  e  Exchange Income Corp   310,058 
 71,000     Gibson Energy, Inc   1,075,848 
 65,000     Granite REIT   2,946,878 
 700,000  *  IAMGOLD Corp   2,621,104 
 180,000  *  Interfor Corp   2,453,518 
 170,000     InterRent Real Estate Investment Trust   1,736,291 
 3,000     iShares S&P/TSX SmallCap Index ETF   33,266 
 69,000     Labrador Iron Ore Royalty Corp   1,593,257 
 86,000  e  Medical Facilities Corp   1,131,002 
 175,000  *  MEG Energy Corp   723,201 
 50,000     Norbord, Inc   1,446,022 
 115,000     Northview Apartment Real Estate Investment Trust   2,335,096 
 124,000     NorthWest Healthcare Properties Real Estate Investment Trust   1,007,892 
 102,000  *  Parex Resources, Inc   1,529,282 
 150,100     Parkland Fuel Corp   4,294,120 
 156,000     Quebecor, Inc   3,672,195 
 197,900     Russel Metals, Inc   3,498,776 
 145,000  e  Sienna Senior Living, Inc   1,906,922 
 192,600     TFI International, Inc   5,669,750 
 100,000  e  Timbercreek Financial Corp   703,984 
 103,000     Transcontinental, Inc   1,640,694 
 49,000  e  Valener, Inc   773,439 
       TOTAL CANADA   59,868,652 
            
CHILE - 0.2%         
 391,000     Inversiones Aguas Metropolitanas S.A.   607,529 
 70,000     Inversiones La Construccion S.A.   1,302,226 
       TOTAL CHILE   1,909,755 
              
CHINA - 2.8%        
 2,546,000     Beijing Capital Land Ltd   1,062,238 
 2,660,000     CGN New Energy Holdings Co Ltd   372,523 
 1,314,000     China Aoyuan Property Group Ltd   1,007,381 
 1,918,000     China Sanjiang Fine Chemicals   456,165 
 5,885,000     China SCE Property Holdings Ltd   2,431,121 
 1,389,000     China Shineway Pharmaceutical Group Ltd   1,629,369 
 7,997,000     China Suntien Green Energy Cor   2,181,157 
117

TIAA-CREF FUNDS - Quant International Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
              
 2,849,000     Citic 1616 Holdings Ltd  $1,038,259 
 110,000  *,e  Daqo New Energy Corp (ADR)   4,406,600 
 3,721,000  g  Genertec Universal Medical Group Co Ltd   3,004,778 
 97,000  *,e  JinkoSolar Holding Co Ltd (ADR)   1,616,020 
 1,834,000     Powerlong Real Estate Holdings Ltd   816,762 
 689,000     SITC International Co Ltd   632,608 
 2,626,000     Tianneng Power International Ltd   2,451,077 
 2,064,000     Xingda International Holdings Ltd   600,470 
 639,000  e,g  YiChang HEC ChangJiang Pharmaceutical Co Ltd   2,602,364 
       TOTAL CHINA   26,308,892 
              
DENMARK - 2.3%      
 201,000     Alm Brand AS   1,730,197 
 51,000     Dfds A.S.   2,407,752 
 176,000     GN Store Nord   7,586,734 
 6,000     Rockwool International AS (B Shares)   1,609,296 
 64,000     Royal Unibrew A.S.   4,820,050 
 63,000     Topdanmark AS   3,001,595 
       TOTAL DENMARK   21,155,624 
              
EGYPT - 0.1%      
 700,000     Telecom Egypt   553,903 
       TOTAL EGYPT   553,903 
              
FINLAND - 0.8%      
 47,000     Amer Sports Oyj (A Shares)   2,086,230 
 75,000     DNA Oyj   1,580,131 
 249,000     Finnair Oyj   2,088,630 
 88,000     Valmet Corp   1,982,703 
       TOTAL FINLAND   7,737,694 
              
FRANCE - 2.4%      
 167,000  *  Air France-KLM   2,100,766 
 7,000     Alten   670,836 
 12,000     Aubay   428,100 
 1,180,000  *  CGG S.A.   2,217,597 
 60,000     Compagnie Plastic-Omnium S.A.   1,649,998 
 15,469  *  Covivio   1,574,935 
 12,000     Eramet   836,138 
 56,000     Gaztransport Et Technigaz S.A.   4,730,127 
 40,000     Kaufman & Broad S.A.   1,614,062 
 14,000     MGI Coutier   252,165 
 39,000     Nexity   1,821,483 
 20,000     Orpea   1,982,673 
 31,000     Sechilienne-Sidec   694,910 
 6,000     Synergie S.A   185,425 
 16,000     Trigano S.A.   1,546,832 
       TOTAL FRANCE   22,306,047 
              
GERMANY - 2.9%       
 48,000  g  ADO Properties S.A.   2,881,413 
 28,000     Bechtle AG.   2,227,962 
118

TIAA-CREF FUNDS - Quant International Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
              
 21,000     bet-at-home.com AG.  $1,432,979 
 96,000     Borussia Dortmund GmbH & Co KGaA   987,679 
 49,000     Deutsche Euroshop AG.   1,524,858 
 264,000  g  Deutsche Pfandbriefbank AG.   2,981,852 
 16,000     Duerr AG.   655,329 
 67,000  *  Evotec AG.   1,573,267 
 30,000     Koenig & Bauer AG.   1,424,031 
 20,000     LEG Immobilien AG.   2,349,428 
 22,000     NORMA Group   1,163,589 
 7,000     Pfeiffer Vacuum Technology AG.   980,962 
 113,000     SAF-Holland S.A.   1,413,024 
 14,000     Siltronic AG.   1,390,888 
 153,000     TAG Tegernsee Immobilien und Beteiligungs AG.   3,866,887 
       TOTAL GERMANY   26,854,148 
              
HONG KONG - 0.8%      
 1,168,000     Champion Real Estate Investment Trust   887,929 
 10,260,000     Concord New Energy Group Ltd   432,593 
 2,440,000     CSI Properties Ltd   115,441 
 978,119     Far East Consortium   436,773 
 168,000     Johnson Electric Holdings Ltd   382,783 
 3,103,734     K Wah International Holdings Ltd   1,711,874 
 623,000  e  PAX Global Technology Ltd   273,222 
 662,000     Road King Infrastructure   1,204,053 
 560,000     Texhong Textile Group Ltd   750,916 
 1,116,000  e  United Laboratories Ltd   635,645 
 280,000     VST Holdings Ltd   135,674 
 408,000     Xinyi Glass Holdings Co Ltd   496,958 
       TOTAL HONG KONG   7,463,861 
              
HUNGARY - 0.1%         
 597,000     Magyar Telekom   1,008,827 
       TOTAL HUNGARY   1,008,827 
              
INDIA - 0.7%         
 236,000  *  Adani Enterprises Ltd   456,900 
 150,000  *  Apollo Tyres Ltd   432,307 
 263,000  *  Canara Bank   929,965 
 260,000  *  Granules India Ltd   335,504 
 160,000     Gujarat Narmada Valley Fertilizers Co Ltd   741,489 
 155,000     IRB Infrastructure Developers Ltd   315,924 
 349,000  *  Karnataka Bank Ltd   590,708 
 229,000     KPIT Cummins Infosystems Ltd   369,172 
 229,000  *,m  KPIT Engineering Ltd   259,686 
 29,001     Mphasis Ltd   409,550 
 67,000  *  Muthoot Finance Ltd   471,982 
 42,000     Natco Pharma Ltd   410,253 
 261,000  *  PTC India Ltd   287,516 
 48,000  *  Rajesh Exports Ltd   409,726 
       TOTAL INDIA   6,420,682 
              
INDONESIA - 0.1%         
 24,057,000  *  PT Panin Life Tbk   524,870 
       TOTAL INDONESIA   524,870 
119

TIAA-CREF FUNDS - Quant International Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
              
IRELAND - 0.5%         
 111,000     Glanbia plc  $2,121,154 
 1,002,000     Hibernia REIT plc   1,507,012 
 435,000     Irish Residential Properties REIT plc   746,851 
       TOTAL IRELAND   4,375,017 
              
ISRAEL - 2.5%         
 119,000  *  CyberArk Software Ltd   10,443,440 
 60,000     Delek Automotive Systems Ltd   271,630 
 295,000     Harel Insurance Investments & Finances Ltd   2,058,576 
 1,134,000     Israel Discount Bank Ltd   4,010,775 
 75,000     Matrix IT Ltd   909,457 
 5,029,000  *  Oil Refineries Ltd   2,449,744 
 158,000     Plus500 Ltd   3,185,039 
       TOTAL ISRAEL   23,328,661 
              
ITALY - 2.1%         
 578,000     Actelios S.p.A.   1,852,546 
 108,000     Amplifon S.p.A.   1,934,866 
 28,000     Banca IFIS S.p.A.   538,305 
 683,000     Banca Popolare dell’Emilia Romagna Scrl   2,314,630 
 52,000     Biesse S.p.A.   1,213,530 
 127,000     ERG S.p.A.   2,488,225 
 624,000     Italgas S.p.A   3,777,966 
 678,000     Maire Tecnimont S.p.A   2,721,305 
 677,000     Saras S.p.A.   1,442,486 
 39,000     Societa Iniziative Autostradali e Servizi S.p.A.   600,251 
 69,000  g  Technogym S.p.A   800,058 
       TOTAL ITALY   19,684,168 
              
JAPAN - 24.6%         
 54,000  e  Adastria Holdings Co Ltd   992,337 
 76,000     ADEKA Corp   1,198,925 
 629,000     Advantest Corp   14,395,612 
 33,000  e  Akatsuki, Inc   1,891,721 
 86,000     Arcs Co Ltd   1,921,172 
 28,000     Asahi Holdings, Inc   597,121 
 9,000     Chori Co Ltd   131,169 
 25,000     Comture Corp   667,725 
 21,000     Cosmo Energy Holdings Co Ltd   475,431 
 62,200     Daiho Corp   1,987,341 
 37,000     Daikyonishikawa Corp   382,971 
 45,800     Daiwabo Co Ltd   2,464,312 
 162,000  e  DCM Japan Holdings Co Ltd   1,653,822 
 14,000     Digital Arts, Inc   905,437 
 97,000     Eagle Industry Co Ltd   1,142,884 
 77,000     en-japan, Inc   2,896,014 
 84,000     Exedy Corp   2,118,212 
 256,000     Fujikura Ltd   1,123,742 
 81,000     Fujitsu General Ltd   1,042,338 
 11,000     Fukuda Corp   409,304 
120

TIAA-CREF FUNDS - Quant International Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
              
 22,000     Furukawa Electric Co Ltd  $659,876 
 80,000     Futaba Industrial Co Ltd   416,577 
 38,000     Giken Seisakusho Co, Inc   1,136,301 
 14,000     G-Tekt Corp   205,730 
 67,000  *,e  Gunosy, Inc   1,484,642 
 109,000     Haseko Corp   1,208,956 
 222,000     Hazama Ando Corp   1,470,392 
 48,000     Heiwado Co Ltd   1,113,122 
 271,000     Hosiden Corp   2,061,258 
 10,000     Inaba Denki Sangyo Co Ltd   390,459 
 29,000     Inabata & Co Ltd   382,228 
 6,000     Invincible Investment Corp   2,611,164 
 115,000  *  Ishihara Sangyo Kaisha Ltd   1,172,769 
 127,000     Itochu Enex Co Ltd   1,110,560 
 9,800     Jaccs Co Ltd   168,321 
 48,000     Jafco Co Ltd   1,684,722 
 57,000  e  Japan Investment Adviser Co Ltd   2,092,534 
 14,600     Japan Pulp & Paper Co Ltd   521,708 
 201,000     JVC KENWOOD Holdings, Inc   471,648 
 34,000     Kaga Electronics Co Ltd   631,962 
 39,000     Kaken Pharmaceutical Co Ltd   1,842,415 
 137,000     Kandenko Co Ltd   1,286,967 
 187,800     Kanematsu Corp   2,261,001 
 124,000     Kasai Kogyo Co Ltd   999,176 
 30,000  e  Katitas Co Ltd   858,939 
 148,000     Keihin Corp   2,649,417 
 918,000     Kenedix, Inc   4,833,617 
 71,000     Konoike Transport Co Ltd   1,064,004 
 99,000     Koshidaka Holdings Co Ltd   1,419,178 
 179,000  *  K’s Holdings Corp   1,783,479 
 68,200     Kumagai Gumi Co Ltd   2,139,250 
 36,000     Kureha CORP   2,258,338 
 58,000     Kyowa Exeo Corp   1,425,538 
 270,000     Leopalace21 Corp   1,279,282 
 145,000     Macnica Fuji Electronics Holdings, Inc   1,895,693 
 81,000     Maeda Corp   800,204 
 110,000     Maeda Road Construction Co Ltd   2,141,705 
 110,800     Makino Milling Machine Co Ltd   4,536,250 
 75,000     Maruha Nichiro Corp   2,556,855 
 8,000     Maruzen Showa Unyu Co Ltd   197,213 
 217,000     Marvelous, Inc   1,876,015 
 60,000     Mitsui Sugar Co Ltd   1,628,926 
 384,000     Mori Seiki Co Ltd   5,227,221 
 88,000     NET One Systems Co Ltd   1,844,319 
 95,000  e  Nichii Gakkan Co   843,191 
 84,000     Nichi-iko Pharmaceutical Co Ltd   1,268,630 
 87,000     Nippo Corp   1,660,742 
 158,000  e  Nippon Carbon Co Ltd   6,281,290 
 77,000     Nippon Konpo Unyu Soko Co Ltd   1,939,187 
 425,000     Nippon Suisan Kaisha Ltd   2,625,140 
 133,000     Nipro Corp   1,784,869 
 92,200     Nishimatsu Construction Co Ltd   2,149,507 
 159,000     Nisshinbo Industries, Inc   1,387,131 
121

TIAA-CREF FUNDS - Quant International Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
              
 110,000     Nojima Corp  $2,171,576 
 21,800     Okumura Corp   688,877 
 129,000  e  Onward Kashiyama Co Ltd   754,184 
 29,000     Open House Co Ltd   1,214,283 
 55,000     Paramount Bed Holdings Co Ltd   2,306,082 
 322,000     Penta-Ocean Construction Co Ltd   1,890,301 
 148,000     Pressance Corp   2,015,580 
 193,000     Raito Kogyo Co Ltd   2,359,050 
 33,000     Sanyo Chemical Industries Ltd   1,583,349 
 269,000     Senko Co Ltd   2,191,251 
 85,000  *,e  SHIFT, Inc   3,752,854 
 174,000     Shikoku Electric Power Co, Inc   2,204,949 
 123,000     Shinnihon Corp   1,133,674 
 177,000     Showa Corp   2,282,251 
 3,407,000     Sojitz Holdings Corp   13,099,017 
 25,000     Studio Alice Co Ltd   558,908 
 108,000     Sumitomo Forestry Co Ltd   1,408,649 
 349,200     Sumitomo Mitsui Construction C   2,229,970 
 21,000     Sun Frontier Fudousan Co Ltd   230,982 
 49,000     Sushiro Global Holdings Ltd   2,869,571 
 39,000  *  Systena Corp   431,264 
 44,500     Taihei Dengyo Kaisha Ltd   993,566 
 48,000     Taiho Kogyo Co Ltd   431,601 
 733,000  e  Takara Leben Co Ltd   2,300,217 
 32,000     Takeuchi Manufacturing Co Ltd   582,966 
 80,000  e  Toho Pharmaceutical Co Ltd   1,959,620 
 583,000  e  Tokai Carbon Co Ltd   8,003,539 
 135,000     Tokai Tokyo Securities Co Ltd   594,979 
 333,000     Tokyu Construction Co Ltd   3,100,202 
 200,000     Tomy Co Ltd   2,118,275 
 101,000     Topre Corp   2,211,363 
 197,000     Tosei Corp   1,849,869 
 39,000     Towa Pharmaceutical Co Ltd   2,740,548 
 468,000     Toyo Construction Co Ltd   1,788,955 
 46,000     Toyo Kanetsu K K   979,250 
 19,000     TS Tech Co Ltd   571,650 
 77,000     UBE Industries Ltd   1,741,188 
 51,000     Unipres Corp   986,969 
 33,000     United Arrows Ltd   1,171,586 
 281,000  e  UNITED, Inc   4,165,727 
 97,000     Unizo Holdings Co Ltd   1,834,775 
 13,000     V Technology Co Ltd   1,855,825 
 50,000     Valor Co Ltd   1,214,285 
 47,000  e  VITAL KSK Holdings, Inc   478,792 
 224,000  e  YA-MAN Ltd   2,762,798 
 87,000     Yorozu Corp   1,204,173 
 98,000     Yurtec Corp   828,240 
 58,000     Zenkoku Hosho Co Ltd   2,033,669 
 111,000  *,e  ZIGExN Co Ltd   583,992 
       TOTAL JAPAN   226,602,449 
              
JORDAN - 0.1%         
 44,000     Hikma Pharmaceuticals plc   930,860 
       TOTAL JORDAN   930,860 
122

TIAA-CREF FUNDS - Quant International Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
              
KOREA, REPUBLIC OF - 4.2%        
 85,000     Daeduck Electronics Co  $785,333 
 41,000     Daewoong Co Ltd   677,712 
 70,000     Daishin Securities Co Ltd   732,314 
 202,000     Dongwon Development Co Ltd   773,322 
 713,000  *  Doosan Infracore Co Ltd   5,574,142 
 810,000     Easy Bio, Inc   4,417,385 
 153,000     Eugene Corp   1,033,081 
 2,000     GS Home Shopping, Inc   341,527 
 51,000     Hansol Paper Co Ltd   788,837 
 120,000     Hanwha Non-Life Insurance Co Ltd   586,165 
 189,000     Jeil Holdings Co Ltd   2,137,825 
 10,000     Korea District Heating Corp   518,942 
 6,000     Korea Petrochemical Ind Co Ltd   917,298 
 5,000     LG Fashion Corp   111,238 
 5,000     LOTTE Himart Co Ltd   227,712 
 30,000     LS Cable Ltd   1,550,439 
 71,000     Meritz finance Holdings Co Ltd   790,022 
 174,000     Meritz Fire & Marine Insurance Co Ltd   3,471,712 
 76,000     Poongsan Corp   2,094,010 
 6,000     Samchully Co Ltd   542,430 
 58,000     Samjin Pharmaceutical Co Ltd   2,000,706 
 78,000  *  Samsung Techwin Co Ltd   2,207,687 
 40,000     Seah Besteel Corp   639,299 
 18,371  *  SK Gas Co Ltd   1,361,822 
 39,000     SL Corp   708,764 
 292,000     Taeyoung Engineering & Construction   3,513,411 
 12,000     Unid Co Ltd   508,090 
       TOTAL KOREA, REPUBLIC OF   39,011,225 
              
MALAYSIA - 0.3%         
 118,500     Aeon Credit Service M BHD   461,991 
 273,000     Esso Malaysia BHD   436,590 
 484,000     Mah Sing Group BHD   110,024 
 104,000     Malaysian Pacific Industries BHD   253,648 
 1,038,280     Sunway BHD   411,220 
 1,922,000     Supermax Corp BHD   713,388 
 485,100     UOA Development BHD   284,322 
       TOTAL MALAYSIA   2,671,183 
              
MEXICO - 0.2%         
 100,000     Regional SAB de C.V.   528,599 
 443,000     Unifin Financiera SAPI de C.V. SOFOM ENR   987,366 
       TOTAL MEXICO   1,515,965 
              
NETHERLANDS - 2.1%        
 70,000     Advanced Metallurgical Group NV   2,530,642 
 220,000     ASR Nederland NV   9,279,188 
 100,000     BE Semiconductor Industries NV   2,593,498 
 70,000  g  Flow Traders   2,163,293 
 328,000  *  TomTom NV   2,936,199 
       TOTAL NETHERLANDS   19,502,820 
             
123

TIAA-CREF FUNDS - Quant International Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
              
NEW ZEALAND - 0.4%        
 833,000     Air New Zealand Ltd  $1,619,922 
 552,101     Genesis Energy Ltd   1,017,143 
 404,000     Infratil Ltd   1,053,760 
       TOTAL NEW ZEALAND   3,690,825 
              
NORWAY - 1.9%        
 21,000     Aker ASA (A Shares)   1,478,199 
 145,000  g  Entra ASA   2,101,177 
 127,000     Golden Ocean Group Ltd   653,098 
 280,000     Leroy Seafood Group ASA   2,239,140 
 584,000  *  Petroleum Geo-Services ASA   1,317,630 
 65,000     Salmar ASA   3,403,494 
 151,000     Sparebanken Midt-Norge   1,552,152 
 130,000     Sparebanken Nord-Norge   1,019,273 
 277,000     Storebrand ASA   2,122,887 
 46,000     TGS Nopec Geophysical Co ASA   1,363,672 
       TOTAL NORWAY   17,250,722 
              
PAKISTAN - 0.1%        
 1,998,000     Engro Fertilizers Ltd   1,097,599 
       TOTAL PAKISTAN   1,097,599 
              
PORTUGAL - 0.6%        
 166,000     Altri SGPS S.A.   1,373,567 
 641,000  *  Mota Engil SGPS S.A.   1,417,358 
 2,309,000     Sonae SPGS S.A.   2,409,147 
       TOTAL PORTUGAL   5,200,072 
              
QATAR - 0.1%        
 268,000  *  Vodafone Qatar   617,945 
       TOTAL QATAR   617,945 
              
SINGAPORE - 0.1%        
 67,000     China Yuchai International Ltd   1,127,610 
       TOTAL SINGAPORE   1,127,610 
              
SOUTH AFRICA - 0.4%        
 126,000     Astral Foods Ltd   1,545,011 
 72,000     Barloworld Ltd   659,891 
 587,239     Vukile Property Fund Ltd   929,754 
 99,000     Wilson Bayly Holmes-Ovcon Ltd   1,044,953 
       TOTAL SOUTH AFRICA   4,179,609 
              
SPAIN - 2.3%        
 50,000     Acciona S.A.   4,760,691 
 50,000     Applus Services S.A.   573,234 
 72,000     Cie Automotive S.A.   2,022,132 
 711,000     Ence Energia y Celulosa S.A.   5,521,046 
 79,000  g  Euskaltel S.A.   723,943 
124

TIAA-CREF FUNDS - Quant International Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
              
 170,247  *,g  Global Dominion Access S.A.  $888,194 
 200,000     Inmobiliaria Colonial S.A.   2,046,060 
 150,000     Laboratorios Almirall S.A.   2,544,919 
 95,000  *  Masmovil Ibercom S.A.   2,071,486 
       TOTAL SPAIN   21,151,705 
              
SWEDEN - 2.7%        
 26,000     Biogaia AB (B Shares)   1,057,148 
 138,000     Biotage AB   1,771,462 
 38,000  *  Biovitrum AB   897,048 
 96,000     Castellum AB   1,819,972 
 101,000     Elekta AB (B Shares)   1,350,304 
 44,000  *  Fastighets AB Balder   1,388,643 
 111,000     Granges AB   1,067,571 
 152,000     Hemfosa Fastigheter AB   1,349,102 
 68,000     Holmen AB   1,457,258 
 77,000  e  JM AB   1,556,678 
 221,000  e,g  LeoVegas AB   878,261 
 135,000     New Wave Group AB (B Shares)   798,348 
 324,000  g  Nobina AB   2,222,132 
 30,000     Nolato AB (B Shares)   1,381,403 
 152,000  *  Nyfosa AB   821,454 
 41,000  e  Paradox Interactive AB   675,743 
 572,000  *  SAS AB   1,546,448 
 218,000     Wihlborgs Fastigheter AB   2,844,095 
       TOTAL SWEDEN   24,883,070 
              
SWITZERLAND - 3.3%        
 5,000     Allreal Holding AG.   811,068 
 10,000     BKW S.A.   703,711 
 4,000     Bobst Group AG.   323,284 
 9,500     Bossard Holding AG.   1,498,374 
 45,000     Cembra Money Bank AG.   3,885,957 
 1,000     Emmi AG.   844,329 
 54,000  g  Galenica AG.   2,465,737 
 3,000     Georg Fischer AG.   2,659,179 
 43,000     Logitech International S.A.   1,568,757 
 60,000     Mobilezone Holding AG.   646,212 
 190,000     OC Oerlikon Corp AG.   2,455,258 
 13,000     Orior AG.   1,113,781 
 39,000     PSP Swiss Property AG.   4,012,293 
 3,000     Siegfried Holding AG.   1,058,164 
 57,000  g  Sunrise Communications Group AG.   4,805,543 
 23,000     Swissquote Group Holding S.A.   1,083,194 
 19,000     Zehnder Group AG.   635,268 
       TOTAL SWITZERLAND   30,570,109 
              
TAIWAN - 5.7%        
 600,000     A-DATA Technology Co Ltd   812,229 
 1,315,000     Arcadyan Technology Corp   4,134,459 
 3,135,000     Benq Corp   2,024,056 
 438,000     Charoen Pokphand Enterprise   781,420 
 2,114,025     China Manmade Fibers Corp   682,870 
125

TIAA-CREF FUNDS - Quant International Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
              
 833,000  *  China Motor Corp  $651,320 
 2,053,000     Chipbond Technology Corp   4,561,918 
 5,935,000  *  Chung Hung Steel Corp   2,292,362 
 2,092,000     Gigabyte Technology Co Ltd   2,793,480 
 10,550,000     HannStar Display Corp   2,379,750 
 400,000     Huaku Development Co Ltd   941,798 
 376,000     ITEQ Corp   760,895 
 1,399,242     Mitac Holdings Corp   1,273,236 
 1,037,000     Nan Ya Printed Circuit Board Corp   1,238,053 
 2,154,000     Oriental Union Chemical Corp   1,866,803 
 1,483,000     Radiant Opto-Electronics Corp   4,255,055 
 86,000     Senao International Co Ltd   97,294 
 849,000     Sercomm Corp   1,797,409 
 2,627,000     Shinkong Synthetic Fibers Corp   1,019,157 
 341,000     Simplo Technology Co Ltd   2,503,781 
 1,014,000     Supreme Electronics Co Ltd   979,082 
 545,000     Systex Corp   1,153,789 
 1,129,000     Taiwan Styrene Monomer   897,321 
 707,000     Tripod Technology Corp   1,902,115 
 7,372,000     Unimicron Technology Corp   5,515,432 
 2,694,440     UPC Technology Corp   1,089,026 
 1,414,944     USI Corp   553,893 
 3,065,000     Walsin Lihwa Corp   1,777,975 
 1,087,687     WT Microelectronics Co Ltd   1,457,730 
 112,000     Zeng Hsing Industrial Co Ltd   510,887 
       TOTAL TAIWAN   52,704,595 
              
THAILAND - 0.5%        
 1,100,000     Com7 PCL (Foreign)   536,648 
 2,673,000     LPN Development PCL (Foreign)   604,516 
 2,378,000     Sri Trang Agro-Industry PCL (Foreign)   1,160,500 
 3,039,000     SVI PCL (Foreign)   511,822 
 329,000     Thanachart Capital PCL   567,110 
 347,000     Tisco Bank PCL   921,737 
       TOTAL THAILAND   4,302,333 
              
TURKEY - 1.4%        
 345,000     Aygaz AS   813,728 
 809,000  *  Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS (Class D)   410,815 
 336,000  *  Koza Altin Isletmeleri AS   3,489,194 
 3,389,666     Soda Sanayii AS   4,709,171 
 828,000     Tekfen Holding AS   3,949,574 
       TOTAL TURKEY   13,372,482 
              
UKRAINE - 0.2%        
 488,000     Ferrexpo plc   1,657,458 
       TOTAL UKRAINE   1,657,458 
              
UNITED KINGDOM - 14.0%        
 155,000     Abcam plc   2,701,607 
 240,000     Advanced Medical Solutions Group plc   959,497 
 186,000     Ascential plc   928,571 
 55,000     Bellway plc   2,045,576 
126

TIAA-CREF FUNDS - Quant International Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
              
 278,000     Brewin Dolphin Holdings plc  $1,092,029 
 380,000     Britvic plc   4,389,362 
 2,101,000     Cineworld Group plc   7,210,472 
 147,000     Close Brothers Group plc   2,867,141 
 828,162     CYBG plc   1,904,138 
 327,000     Dart Group plc   3,400,710 
 72,000     Dechra Pharmaceuticals plc   2,236,959 
 93,000     Derwent London plc   3,955,502 
 178,000  *  Dialog Semiconductor plc   5,204,097 
 764,000     Domino’s Pizza Group plc   2,659,807 
 794,000     Drax Group plc   4,191,364 
 226,636     DS Smith plc   1,005,103 
 256,000     Electrocomponents plc   1,827,393 
 636,677  g  Equiniti Group plc   1,729,748 
 54,000     Fevertree Drinks plc   1,824,081 
 323,000  g  Forterra plc   1,124,835 
 78,000     Genus plc   2,277,303 
 276,000     Greggs plc   5,619,404 
 81,000     Halma plc   1,489,747 
 146,000     HomeServe plc   1,806,884 
 409,000     Howden Joinery Group plc   2,713,327 
 909,000  g  Ibstock plc   2,894,787 
 377,000     IG Group Holdings plc   3,141,734 
 744,000  *  Indivior plc   1,108,471 
 135,000     iomart Group plc   642,623 
 149,000  *  Just Eat plc   1,361,631 
 213,000     Michael Page International plc   1,235,117 
 416,000     National Express Group plc   2,150,855 
 107,000  *  Ocado Ltd   1,392,127 
 319,000  g  On the Beach Group plc   1,841,504 
 442,000     Pennon Group plc   4,427,113 
 221,000     QinetiQ plc   879,466 
 402,000     Redrow plc   3,065,686 
 37,000     Renishaw plc   2,268,533 
 356,000     Rentokil Initial plc   1,572,145 
 567,000     RPC Group plc   5,903,758 
 485,000     Saga plc   693,678 
 265,000     Softcat plc   2,422,298 
 20,000     Spirax-Sarco Engineering plc   1,682,010 
 504,354     SSP Group plc   4,414,425 
 781,000     Tate & Lyle plc   7,049,924 
 1,628,000     Tritax Big Box REIT plc   2,983,709 
 392,000     Unite Group plc   4,681,649 
 56,000     Victrex plc   1,681,580 
 95,000     WH Smith plc   2,438,637 
       TOTAL UNITED KINGDOM   129,098,117 
              
UNITED STATES - 0.8%        
 61,000     BRP, Inc (Toronto)   1,755,790 
 109,000     Burford Capital Ltd   2,631,618 
 6,000  e  iShares MSCI EAFE Small-Cap ETF   336,060 
 2,500     iShares MSCI Emerging Markets Small-Cap ETF   111,500 
 612,000  e  Reliance Worldwide Corp Ltd   2,141,821 
127

TIAA-CREF FUNDS - Quant International Small-Cap Equity Fund

 

SHARES     COMPANY  VALUE 
              
 100,000     Sims Group Ltd  $757,049 
       TOTAL UNITED STATES   7,733,838 
             
       TOTAL COMMON STOCKS   918,226,615 
       (Cost $959,977,169)     
             
RIGHTS / WARRANTS - 0.0%        
               
MALAYSIA - 0.0%        
 233,613     Sunway BHD   17,681 
       TOTAL MALAYSIA   17,681 
             
UNITED KINGDOM - 0.0%        
 212,347  m  Tritax Big Box REIT plc   27,110 
       TOTAL UNITED KINGDOM   27,110 
             
       TOTAL RIGHTS / WARRANTS               44,791 
       (Cost $0)     
             
PRINCIPAL    ISSUER  RATE  MATURITY
DATE
    
                     
SHORT-TERM INVESTMENTS - 6.6%             
                     
GOVERNMENT AGENCY DEBT - 1.0%             
$9,700,000     Federal Home Loan Bank (FHLB)   2.260%  02/01/19   9,700,000 
       TOTAL GOVERNMENT AGENCY DEBT           9,700,000 
                     
SHARES     COMPANY             
                     
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 5.6%             
 51,381,805  c  State Street Navigator Securities Lending Government Money Market Portfolio  51,381,805 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES      51,381,805 
                     
       TOTAL SHORT-TERM INVESTMENTS           61,081,805 
       (Cost $61,081,805)             
       TOTAL INVESTMENTS - 106.1%           979,353,211 
       (Cost $1,021,058,974)             
       OTHER ASSETS & LIABILITIES, NET - (6.1)%           (56,739,825)
       NET ASSETS - 100.0%          $922,613,386 
                     
       
      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 $48,834,049.
  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 1/31/2019, the aggregate value of these securities amounted to $36,109,619 or 3.9% of net assets.
  m   Indicates a security that has been deemed illiquid.
                   
128

TIAA-CREF FUNDS - Quant International Small-Cap Equity Fund

 

TIAA-CREF FUNDS

QUANT INTERNATIONAL SMALL-CAP EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2019

 

SECTOR  VALUE   % OF
NET ASSETS
 
INDUSTRIALS  $175,138,277    19.0%
INFORMATION TECHNOLOGY   121,565,708    13.2 
CONSUMER DISCRETIONARY   106,441,250    11.5 
REAL ESTATE   102,208,846    11.1 
MATERIALS   90,936,336    9.9 
FINANCIALS   82,468,144    8.9 
HEALTH CARE   67,827,708    7.3 
CONSUMER STAPLES   59,568,741    6.5 
UTILITIES   39,168,012    4.2 
COMMUNICATION SERVICES   36,942,651    4.0 
ENERGY   36,005,733    3.9 
SHORT-TERM INVESTMENTS   61,081,805    6.6 
OTHER ASSETS & LIABILITIES, NET   (56,739,825)   (6.1)
           
NET ASSETS  $922,613,386    100.0%
129

TIAA-CREF FUNDS - Social Choice International Equity Fund

 

TIAA-CREF FUNDS
SOCIAL CHOICE INTERNATIONAL EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2019

 

SHARES      COMPANY  VALUE 
              
COMMON STOCKS - 98.3%     
              
AUSTRALIA - 7.1%     
 75,485      Alumina Ltd  $134,248 
 3,874      Amcor Ltd   38,464 
 21,142      AMP Ltd   34,859 
 7,833   *  APA Group   52,362 
 7,086      AusNet Services   8,515 
 23,778      Australia & New Zealand Banking Group Ltd   432,851 
 668      Bendigo Bank Ltd   5,249 
 15,997      BlueScope Steel Ltd   146,155 
 1,378      Boral Ltd   4,985 
 6,452      Brambles Ltd   50,061 
 2,186      Caltex Australia Ltd   42,727 
 4,830      Coca-Cola Amatil Ltd   29,499 
 199      Cochlear Ltd   28,124 
 12,696      Commonwealth Bank of Australia   646,901 
 3,157      Computershare Ltd   40,898 
 3,244      CSL Ltd   461,278 
 46,792      Fortescue Metals Group Ltd   193,294 
 1,343      GPT Group   5,679 
 8,783      Insurance Australia Group Ltd   45,378 
 1,393      Lend Lease Corp Ltd   12,406 
 2,067      Macquarie Goodman Group   17,592 
 3,284      Macquarie Group Ltd   279,297 
 8,807      Mirvac Group   15,442 
 24,154      National Australia Bank Ltd   419,426 
 12,318      Newcrest Mining Ltd   219,147 
 2,279      QR National Ltd   7,303 
 1,463      Ramsay Health Care Ltd   60,422 
 13,123      Santos Ltd   61,917 
 34,954      Scentre Group   101,237 
 13,104      Stockland Trust Group   36,119 
 7,761      Sydney Airport   37,045 
 45,514      Telstra Corp Ltd   103,191 
 20,738      Transurban Group   183,910 
 7,276      Wesfarmers Ltd   170,685 
 27,888      Westpac Banking Corp   498,415 
 5,738      Woodside Petroleum Ltd   143,527 
 6,828      Woolworths Ltd   145,901 
 2,153      WorleyParsons Ltd   21,809 
        TOTAL AUSTRALIA   4,936,318 
              
AUSTRIA - 0.5%     
 4,541      OMV AG.   225,791 
 3,535      Voestalpine AG.   112,964 
        TOTAL AUSTRIA   338,755 
130

TIAA-CREF FUNDS - Social Choice International Equity Fund

 

SHARES      COMPANY  VALUE 
             
BELGIUM - 0.8%     
 4,035     KBC Groep NV  $273,936 
 794     Solvay S.A.   86,443 
 1,729     UCB S.A.   149,823 
 924     Umicore S.A.   39,064 
       TOTAL BELGIUM   549,266 
             
DENMARK - 1.8%     
 407     Christian Hansen Holding   38,651 
 1,249     Coloplast AS   114,095 
 489  *  Genmab AS   71,284 
 1,045     H Lundbeck AS   45,886 
 78     ISS A.S.   2,211 
 12,997     Novo Nordisk AS   609,118 
 1,285     Novozymes AS   53,735 
 1,868  g  Orsted AS   134,986 
 418     Pandora AS   18,153 
 744     Vestas Wind Systems AS   61,501 
       TOTAL DENMARK   1,149,620 
             
FINLAND - 1.1%     
 1,719     Metso Oyj   50,570 
 2,709     Neste Oil Oyj   248,199 
 137     Nokian Renkaat Oyj   4,558 
 1,449     Orion Oyj (Class B)   51,224 
 8,868     Stora Enso Oyj (R Shares)   119,295 
 6,860     UPM-Kymmene Oyj   199,226 
 6,851     Wartsila Oyj (B Shares)   111,868 
       TOTAL FINLAND   784,940 
             
FRANCE - 10.3%     
 2,123     Accor S.A.   92,331 
 718     Aeroports de Paris   137,354 
 3,248     Air Liquide   394,305 
 1,038     Atos Origin S.A.   94,645 
 16,510     AXA S.A.   382,870 
 3,706     Bouygues S.A.   131,167 
 1,629     Cap Gemini S.A.   179,899 
 590  e  Casino Guichard Perrachon S.A.   29,030 
 5,293     CNP Assurances   120,251 
 5,740     Compagnie de Saint-Gobain   198,076 
 5,653     Danone   411,379 
 1,119     Eiffage S.A.   104,835 
 2,257     Essilor International S.A.   285,918 
 566     Eurazeo   42,069 
 519     Gecina S.A.   76,274 
 168     Groupe Eurotunnel S.A.   2,457 
 1,034     Imerys S.A.   54,479 
 2,120     JC Decaux S.A.   62,808 
 632     Kering   316,962 
 2,450     Legrand S.A.   145,154 
 2,126     L’Oreal S.A.   512,419 
131

TIAA-CREF FUNDS - Social Choice International Equity Fund

 

SHARES      COMPANY  VALUE 
             
 1,609     Michelin (C.G.D.E.) (Class B)  $174,773 
 29,144     Natixis   149,394 
 17,372     Orange S. A.   269,446 
 7,011     Peugeot S.A.   176,365 
 2,620     Renault S.A.   185,404 
 4,655     Rexel S.A.   53,079 
 8,062     Sanofi-Aventis   700,732 
 4,920     Schneider Electric S.A.   349,919 
 563     SEB S.A.   86,330 
 395     Teleperformance   67,980 
 15,834     Total S.A.   868,038 
 863     Unibail-Rodamco-Westfield   155,212 
 250  *  Unibail-Rodamco-Westfield (EN Paris)   44,954 
 2,613     Valeo S.A.   81,744 
 410     Wendel   49,961 
       TOTAL FRANCE   7,188,013 
             
GERMANY - 8.4%     
 1,226     Adidas-Salomon AG.   291,716 
 3,105     Allianz AG.   658,795 
 7,169     BASF SE   525,184 
 4,193     Bayerische Motoren Werke AG.   353,262 
 903     Beiersdorf AG.   90,392 
 1,696     Brenntag AG.   80,302 
 17,054  *  Commerzbank AG.   122,744 
 1,381     Deutsche Boerse AG.   183,877 
 8,679     Deutsche Post AG.   256,344 
 2,649     Deutsche Wohnen AG.   132,337 
 858     Fraport AG. Frankfurt Airport Services Worldwide   67,811 
 1,839     HeidelbergCement AG.   127,346 
 2,645     Henkel KGaA   242,444 
 1,720     Henkel KGaA (Preference)   167,414 
 620     Hochtief AG.   92,732 
 108     Hugo Boss AG.   7,744 
 2,401     Merck KGaA   252,103 
 1,381     Metro Wholesale & Food Specialist AG.   23,370 
 473     MTU Aero Engines Holding AG.   101,999 
 1,106     Muenchener Rueckver AG.   246,815 
 764     Osram Licht AG.   32,510 
 2,583     ProSiebenSat. Media AG.   46,108 
 55     Puma AG. Rudolf Dassler Sport   30,627 
 6,848     SAP AG.   708,119 
 609     Sartorius AG.   91,420 
 5,592     Siemens AG.   613,989 
 13,240     TUI AG. (DI)   200,473 
 1,401  *,g  Zalando SE   42,749 
       TOTAL GERMANY   5,790,726 
             
HONG KONG - 3.5%     
 68,017     BOC Hong Kong Holdings Ltd   262,812 
 60,525     Hang Lung Properties Ltd   132,528 
 12,264     Hang Seng Bank Ltd   282,156 
 44,000     HKT Trust and HKT Ltd   64,890 
132

TIAA-CREF FUNDS - Social Choice International Equity Fund

 

SHARES      COMPANY  VALUE 
             
 132,269     Hong Kong & China Gas Ltd  $287,427 
 17,238     Hong Kong Electric Holdings Ltd   116,124 
 10,131     Hong Kong Exchanges and Clearing Ltd   316,990 
 13,678     Hysan Development Co Ltd   71,178 
 15,330     Link REIT   168,509 
 41,667     MTR Corp   233,034 
 128,000     PCCW Ltd   76,197 
 38,000     Shangri-La Asia Ltd   49,621 
 10,961     Swire Pacific Ltd (Class A)   129,813 
 36,000     Swire Properties Ltd   140,514 
 16,217     Techtronic Industries Co   94,667 
       TOTAL HONG KONG   2,426,460 
             
IRELAND - 0.6%     
 8,294     CRH plc   238,739 
 2,206     Kerry Group plc (Class A)   225,251 
       TOTAL IRELAND   463,990 
             
ISRAEL - 0.6%     
 29,959     Bank Hapoalim Ltd   203,068 
 21,251     Bank Leumi Le-Israel   140,499 
 3,521     Mizrahi Tefahot Bank Ltd   65,500 
       TOTAL ISRAEL   409,067 
             
ITALY - 1.8%     
 12,672     Assicurazioni Generali S.p.A.   221,852 
 157,148     Banca Intesa S.p.A.   359,574 
 73,589     Enel S.p.A.   444,766 
 49,106     Snam Rete Gas S.p.A.   234,497 
 12,394     Terna Rete Elettrica Nazionale S.p.A.   76,385 
       TOTAL ITALY   1,337,074 
             
JAPAN - 24.4%     
 7,400     Aeon Co Ltd   150,607 
 3,024     AEON Financial Service Co Ltd   58,646 
 3,500     Ajinomoto Co, Inc   60,601 
 3,137     Alfresa Holdings Corp   86,460 
 1,014     All Nippon Airways Co Ltd   37,376 
 12,300     Asahi Kasei Corp   134,961 
 600     Asics Corp   8,685 
 22,400     Astellas Pharma, Inc   332,376 
 6,017     Bridgestone Corp   231,603 
 800  e  Casio Computer Co Ltd   10,640 
 1,681     Central Japan Railway Co   363,301 
 8,243     Chubu Electric Power Co, Inc   130,475 
 4,118     Chugai Pharmaceutical Co Ltd   243,153 
 700     CyberAgent, Inc   22,673 
 927     Dai Nippon Printing Co Ltd   21,455 
 900     Daifuku Co Ltd   45,230 
 2,475     Daikin Industries Ltd   267,897 
 6,849     Daiwa House Industry Co Ltd   222,054 
 5,859     Denso Corp   269,494 
 3,532     East Japan Railway Co   327,239 
133

TIAA-CREF FUNDS - Social Choice International Equity Fund

 

SHARES      COMPANY  VALUE 
             
 2,600     Eisai Co Ltd  $201,881 
 500     FamilyMart Co Ltd   58,571 
 400     Fast Retailing Co Ltd   183,563 
 1,972     Fujitsu Ltd   132,351 
 2,716     Hankyu Hanshin Holdings, Inc   96,947 
 4,411     Hino Motors Ltd   44,286 
 400     Hitachi Chemical Co Ltd   6,598 
 2,400     Hitachi Construction Machinery Co Ltd   60,952 
 1,200     Hitachi High-Technologies Corp   43,368 
 6,463     Hitachi Metals Ltd   72,709 
 14,719     Honda Motor Co Ltd   441,893 
 4,741     Hulic Co Ltd   43,747 
 11,350     Inpex Holdings, Inc   109,101 
 600     J Front Retailing Co Ltd   6,877 
 6,400     Kajima Corp   91,038 
 200     Kaneka Corp   7,819 
 300     Kansai Paint Co Ltd   5,264 
 3,200     Kao Corp   226,235 
 1,700     Kawasaki Heavy Industries Ltd   42,829 
 13,896     KDDI Corp   347,186 
 400     Keio Corp   22,979 
 873     Keyence Corp   449,259 
 1,600     Kikkoman Corp   85,120 
 865     Kintetsu Corp   37,751 
 8,900     Komatsu Ltd   234,356 
 3,200     Konica Minolta Holdings, Inc   32,221 
 12,072     Kubota Corp   191,390 
 600     Kuraray Co Ltd   9,227 
 3,500     Kyocera Corp   197,129 
 5,321     Kyowa Hakko Kogyo Co Ltd   102,013 
 2,110     Kyushu Electric Power Co, Inc   26,146 
 800     Marui Co Ltd   16,244 
 27,779     Mitsubishi Chemical Holdings Corp   238,720 
 13,579     Mitsubishi Corp   397,976 
 13,126     Mitsubishi Estate Co Ltd   232,481 
 12,400     Mitsubishi UFJ Lease & Finance Co Ltd   63,474 
 20,120     Mitsui & Co Ltd   328,719 
 2,500     Mitsui Chemicals, Inc   62,763 
 8,400     Mitsui Fudosan Co Ltd   204,077 
 6,300     Mitsui Trust Holdings, Inc   238,640 
 1,800     Murata Manufacturing Co Ltd   270,388 
 1,600     Nabtesco Corp   42,331 
 1,701     NEC Corp   57,162 
 4,500     NGK Insulators Ltd   69,203 
 1,900     NGK Spark Plug Co Ltd   40,937 
 1,900     Nikon Corp   32,487 
 804     Nintendo Co Ltd   243,843 
 600     Nippon Express Co Ltd   37,969 
 14,526     Nippon Steel Corp   268,997 
 800     Nippon Yusen Kabushiki Kaisha   13,394 
 1,436     Nisshin Seifun Group, Inc   28,978 
 713     Nissin Food Products Co Ltd   45,391 
 562     Nitori Co Ltd   73,184 
134

TIAA-CREF FUNDS - Social Choice International Equity Fund

 

SHARES      COMPANY  VALUE 
             
 1,100     Nitto Denko Corp  $62,222 
 5,200     NKSJ Holdings, Inc   196,062 
 1,600     Nomura Real Estate Holdings, Inc   31,075 
 2,400     Nomura Research Institute Ltd   98,213 
 14,312     NTT DoCoMo, Inc   343,871 
 9,085     Obayashi Corp   86,446 
 2,121     Odakyu Electric Railway Co Ltd   47,661 
 2,800     Omron Corp   114,991 
 2,282     Oriental Land Co Ltd   233,982 
 600     Osaka Gas Co Ltd   11,879 
 1,200     Otsuka Corp   38,842 
 23,406     Panasonic Corp   229,197 
 6,070     Rakuten, Inc   45,827 
 10,329     Recruit Holdings Co Ltd   277,236 
 27,700     Resona Holdings, Inc   139,957 
 123     Rinnai Corp   8,144 
 1,501     Secom Co Ltd   125,667 
 6,224     Sekisui Chemical Co Ltd   96,606 
 7,663     Sekisui House Ltd   114,527 
 6,008     Sharp Corp   63,965 
 3,200     Shimadzu Corp   73,592 
 9,468     Shimizu Corp   80,575 
 3,200     Shin-Etsu Chemical Co Ltd   269,813 
 2,900     Shionogi & Co Ltd   178,865 
 2,400     Shiseido Co Ltd   142,768 
 1,400     Showa Denko KK   47,023 
 5,700     Showa Shell Sekiyu KK   84,926 
 400     Sohgo Security Services Co Ltd   17,460 
 8,400     Sony Corp   420,898 
 1,314     Stanley Electric Co Ltd   38,165 
 19,000     Sumitomo Chemical Co Ltd   99,115 
 2,208     Sumitomo Dainippon Pharma Co Ltd   51,985 
 7,142     Sumitomo Metal Mining Co Ltd   206,567 
 11,996     Sumitomo Mitsui Financial Group, Inc   446,275 
 1,745     Sumitomo Rubber Industries, Inc   24,256 
 3,900     Suntory Beverage & Food Ltd   172,679 
 1,700     Sysmex Corp   94,769 
 5,400     T&D Holdings, Inc   67,036 
 500     Teijin Ltd   8,641 
 2,500     THK Co Ltd   59,727 
 6,626     Tokio Marine Holdings, Inc   324,447 
 1,700     Tokyo Electron Ltd   248,235 
 2,500     Tokyo Gas Co Ltd   65,738 
 4,600     Tokyu Corp   78,727 
 12,100     Toray Industries, Inc   89,674 
 1,624     Toto Ltd   63,067 
 300     Toyo Suisan Kaisha Ltd   10,799 
 814     Toyoda Gosei Co Ltd   17,809 
 14,770     Toyota Motor Corp   909,095 
 3,600     Uni-Charm Corp   111,411 
 2,169     USS Co Ltd   37,979 
 1,200     West Japan Railway Co   87,643 
 1,800     Yakult Honsha Co Ltd   120,128 
135

TIAA-CREF FUNDS - Social Choice International Equity Fund

 

SHARES      COMPANY  VALUE 
             
 1,370     Yamaha Corp  $59,956 
 1,000     Yamazaki Baking Co Ltd   19,643 
 2,786     Yaskawa Electric Corp   78,852 
 2,498     Yokogawa Electric Corp   46,521 
       TOTAL JAPAN   16,964,319 
             
LUXEMBOURG - 0.3%     
 2,168     SES Global S.A.   44,187 
 8,918     Tenaris S.A.   112,021 
       TOTAL LUXEMBOURG   156,208 
             
NETHERLANDS - 2.6%     
 31,238     Aegon NV   160,930 
 1,212     Akzo Nobel NV   104,314 
 3,193     ASML Holding NV   558,352 
 1,136     DSM NV   106,234 
 35,505     ING Groep NV   421,296 
 8,892     Koninklijke Philips Electronics NV   350,568 
 1,397     Koninklijke Vopak NV   70,994 
 716     Randstad Holdings NV   34,514 
       TOTAL NETHERLANDS   1,807,202 
             
NEW ZEALAND - 0.3%     
 9,284     Auckland International Airport Ltd   47,252 
 3,876     Fletcher Building Ltd   13,395 
 37,001     Meridian Energy Ltd   90,160 
 4,581     Ryman Healthcare Ltd   33,195 
       TOTAL NEW ZEALAND   184,002 
             
NORWAY - 1.3%     
 2,858     Aker BP ASA   95,230 
 41,471     Norsk Hydro ASA   192,261 
 2,594     Orkla ASA   20,966 
 2,397     PAN Fish ASA   52,951 
 1,821     Schibsted ASA (B Shares)   57,816 
 14,522     Statoil ASA   332,063 
 8,322     Telenor ASA   157,551 
       TOTAL NORWAY   908,838 
             
PORTUGAL - 0.5%     
 29,601     Energias de Portugal S.A.   108,121 
 10,966     Galp Energia SGPS S.A.   171,338 
 2,279     Jeronimo Martins SGPS S.A.   32,298 
       TOTAL PORTUGAL   311,757 
             
SINGAPORE - 1.7%     
 5,260     Ascendas REIT   10,727 
 59,100     CapitaLand Ltd   146,522 
 7,100     CapitaMall Trust   12,679 
 10,400     City Developments Ltd   71,182 
 19,858     DBS Group Holdings Ltd   353,920 
 3,000     Jardine Cycle & Carriage Ltd   84,301 
136

TIAA-CREF FUNDS - Social Choice International Equity Fund

 

SHARES      COMPANY  VALUE 
             
 24,700     Keppel Corp Ltd  $112,316 
 7,018     Singapore Airlines Ltd   50,417 
 123,425     Singapore Telecommunications Ltd   275,093 
 11,000     UOL Group Ltd   54,436 
       TOTAL SINGAPORE   1,171,593 
             
SOUTH AFRICA - 0.2%     
 20,451     Investec plc   131,455 
       TOTAL SOUTH AFRICA   131,455 
             
SPAIN - 3.1%     
 3,691     Amadeus IT Holding S.A.   268,403 
 65,134     Banco Bilbao Vizcaya Argentaria S.A.   386,580 
 3,477     Bankinter S.A.   27,149 
 47,641     CaixaBank S.A.   180,178 
 2,581     Enagas   75,231 
 4,074     Ferrovial S.A.   91,359 
 5,703     Gas Natural SDG S.A.   159,426 
 45,397     Iberdrola S.A.   375,228 
 960  *,m  Iberdrola S.A. (Interim)   7,934 
 9,391     Industria De Diseno Textil S.A.   262,696 
 1,014     Red Electrica Corp S.A.   23,368 
 17,780     Repsol YPF S.A.   312,093 
       TOTAL SPAIN   2,169,645 
             
SWEDEN - 3.6%     
 8,690     Assa Abloy AB   161,930 
 8,485     Atlas Copco AB (A Shares)   221,368 
 7,092     Atlas Copco AB (B Shares)   169,706 
 8,434     Boliden AB   211,088 
 938     Electrolux AB (Series B)   22,195 
 3,784     Essity AB   104,698 
 5,931     Hennes & Mauritz AB (B Shares)   92,285 
 652     Investment AB Kinnevik (B Shares)   15,931 
 5,238     Investor AB (B Shares)   230,374 
 3,419     Lundin Petroleum AB   109,358 
 25,255     Skandinaviska Enskilda Banken AB (Class A)   265,093 
 669     Skanska AB (B Shares)   11,714 
 3,607     SKF AB (B Shares)   60,757 
 21,994     Svenska Handelsbanken AB   239,182 
 10,067     Swedbank AB (A Shares)   228,686 
 1,987     Tele2 AB (B Shares)   24,876 
 23,838     TeliaSonera AB   103,885 
 19,146     Volvo AB (B Shares)   275,891 
       TOTAL SWEDEN   2,549,017 
             
SWITZERLAND - 8.1%     
 19,214     ABB Ltd   367,770 
 1,478     Adecco S.A.   74,064 
 63     Barry Callebaut AG.   107,181 
 677     Clariant AG.   13,447 
 5,960     Coca-Cola HBC AG.   200,310 
 65     Givaudan S.A.   157,694 
137

TIAA-CREF FUNDS - Social Choice International Equity Fund

 

SHARES      COMPANY  VALUE 
             
 703     Kuehne & Nagel International AG.  $95,067 
 1,021     Lonza Group AG.   269,746 
 17,980     Nestle S.A.   1,567,566 
 495     Phonak Holding AG.   92,899 
 4,349     Roche Holding AG.   1,156,989 
 48     SGS S.A.   115,874 
 1,260     Sika AG.   166,390 
 2,189     Swiss Re Ltd   209,935 
 267     Swisscom AG.   127,974 
 34,327     UBS AG.   445,005 
 782     Vifor Pharma AG.   99,528 
 1,177     Zurich Financial Services AG.   369,405 
       TOTAL SWITZERLAND   5,636,844 
             
UNITED KINGDOM - 15.1%     
 22,125     3i Group plc   246,931 
 8,117     Associated British Foods plc   254,741 
 18,180     AstraZeneca plc (ADR)   665,024 
 55,315     Aviva plc   300,837 
 18,344     Barratt Developments plc   129,749 
 2,116     Berkeley Group Holdings plc   104,184 
 18,773     British Land Co plc   141,419 
 103,748     BT Group plc   316,369 
 4,733     Burberry Group plc   111,883 
 19,011     CNH Industrial NV   186,854 
 4,773     Coca-Cola European Partners plc (Class A)   227,099 
 16,436     Compass Group plc   351,707 
 39,109  g  ConvaTec Group plc   73,324 
 1,752     Croda International plc   110,925 
 2,151     DCC plc   176,088 
 2,781     easyJet plc   46,079 
 12,620     Hammerson plc   61,696 
 28,088     Informa plc   249,486 
 4,131     InterContinental Hotels Group plc   234,755 
 3,338     Intertek Group plc   215,398 
 108,884     ITV plc   184,828 
 52,907     J Sainsbury plc   198,108 
 12,367     John Wood Group plc   87,773 
 3,645     Johnson Matthey plc   145,616 
 37,509     Kingfisher plc   109,577 
 86,285     Legal & General Group plc   293,964 
 4,644     London Stock Exchange Group plc   279,295 
 14,701     Marks & Spencer Group plc   55,622 
 20,174     Meggitt plc   136,634 
 21,503  g  Merlin Entertainments plc   95,291 
 5,229     Mondi plc   126,453 
 35,565     National Grid plc   387,281 
 1,657     Next plc   105,383 
 7,943     Pearson plc   94,434 
 22,898     Prudential plc   447,796 
 3,475     RELX plc   76,799 
 15,311     RELX plc (London)   339,131 
 21,704     RSA Insurance Group plc   146,346 
138

TIAA-CREF FUNDS - Social Choice International Equity Fund

 

SHARES     COMPANY          VALUE  
                       
 3,833     Schroders plc          $ 131,487  
 17,686     Scottish & Southern Energy plc            271,887  
 25,417     Segro plc            216,062  
 37,482     Standard Chartered plc            302,297  
 60,493     Standard Life Aberdeen plc            199,989  
 68,026     Taylor Wimpey plc            147,497  
 9,569     Unilever NV            512,422  
 20,494     United Utilities Group plc            224,144  
 24,369  d  Vodafone Group plc (ADR)            444,491  
 3,263     Whitbread plc            209,077  
 54,354     WM Morrison Supermarkets plc            167,147  
 21,978     WPP plc            251,505  
       TOTAL UNITED KINGDOM            10,592,884  
                       
UNITED STATES - 0.6%              
 3,772     Ferguson plc            252,585  
 3,610  *  QIAGEN NV            133,331  
       TOTAL UNITED STATES            385,916  
                       
       TOTAL COMMON STOCKS            68,343,909  
       (Cost $68,578,069)               
                       
PRINCIPAL     ISSUER  RATE  MATURITY DATE       
                       
SHORT-TERM INVESTMENTS - 2.3%              
                       
GOVERNMENT AGENCY DEBT - 2.2%              
$1,550,000     Federal Home Loan Bank (FHLB)   2.260%  02/01/19    1,550,000  
       TOTAL GOVERNMENT AGENCY DEBT            1,550,000  
                       
SHARES     COMPANY               
                       
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.1%
 37,759  c  State Street Navigator Securities Lending Government Money Market Portfolio    37,759  
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES       37,759  
                       
       TOTAL SHORT-TERM INVESTMENTS            1,587,759  
       (Cost $1,587,759)               
       TOTAL INVESTMENTS - 100.6%            69,931,668  
       (Cost $70,165,828)               
       OTHER ASSETS & LIABILITIES, NET - (0.6)%            (417,645 )
       NET ASSETS - 100.0%          $ 69,514,023  
       
       
    Abbreviation(s):
  ADR     American Depositary Receipt
  REIT     Real Estate Investment Trust
139

TIAA-CREF FUNDS - Social Choice International Equity Fund

 

*   Non-income producing
c   Investments made with cash collateral received from securities on loan.
d   All or a portion of these securities have been segregated to cover margin requirements on open futures transactions.
e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $36,868.
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 1/31/2019, the aggregate value of these securities amounted to $346,350 or 0.5% of net assets.
m   Indicates a security that has been deemed illiquid.
       

 

Futures contracts outstanding as of January 31, 2019 were as follows (See Note 3):

 

Description  Number of
long (short)
contracts
  Expiration date  Notional amount   Value   Unrealized
appreciation
(depreciation)
 
MSCI EAFE Index  11  03/15/19  $993,090   $1,005,455   $12,365 
140

TIAA-CREF FUNDS - Social Choice International Equity Fund

 

TIAA-CREF FUNDS
SOCIAL CHOICE INTERNATIONAL EQUITY FUND
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
January 31, 2019

 

SECTOR  VALUE   % OF
NET ASSETS
 
FINANCIALS  $13,994,137    20.1%
INDUSTRIALS   10,191,605    14.7 
CONSUMER DISCRETIONARY   8,396,296    12.1 
HEALTH CARE   6,801,616    9.8 
CONSUMER STAPLES   6,555,518    9.4 
MATERIALS   5,663,654    8.1 
COMMUNICATION SERVICES   3,912,708    5.6 
INFORMATION TECHNOLOGY   3,731,440    5.4 
ENERGY   3,406,633    4.9 
UTILITIES   3,002,352    4.3 
REAL ESTATE   2,687,950    3.9 
SHORT-TERM INVESTMENTS   1,587,759    2.3 
OTHER ASSETS & LIABILITIES, NET   (417,645)   (0.6)
           
NET ASSETS  $69,514,023    100.0%
141

TIAA-CREF FUNDS - Equity Index Fund

 

TIAA-CREF FUNDS

EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES     COMPANY  VALUE 
             
COMMON STOCKS - 99.7%     
             
AUTOMOBILES & COMPONENTS - 0.8%     
 81,377     Adient plc  $1,606,382 
 64,553  *  American Axle & Manufacturing Holdings, Inc   954,093 
 175,790     Aptiv plc   13,910,263 
 132,692     BorgWarner, Inc   5,427,103 
 30,278     Cooper Tire & Rubber Co   1,065,786 
 10,044  *  Cooper-Standard Holding, Inc   767,964 
 102,449     Dana Holding Corp   1,805,151 
 21,558  *  Dorman Products, Inc   1,852,910 
 2,636,003     Ford Motor Co   23,196,826 
 32,053  *  Fox Factory Holding Corp   1,901,705 
 47,127  *,e  Garrett Motion, Inc   752,618 
 888,979     General Motors Co   34,687,961 
 186,983     Gentex Corp   3,960,300 
 33,579  *  Gentherm, Inc   1,429,122 
 145,260     Goodyear Tire & Rubber Co   3,078,059 
 100,636     Harley-Davidson, Inc   3,709,443 
 19,616     LCI Industries, Inc   1,617,143 
 42,756     Lear Corp   6,581,431 
 28,052  *  Modine Manufacturing Co   410,401 
 11,927  *,e  Motorcar Parts of America, Inc   238,540 
 8,173  *  Shiloh Industries, Inc   48,956 
 19,417     Spartan Motors, Inc   163,491 
 11,685     Standard Motor Products, Inc   574,435 
 30,894  *  Stoneridge, Inc   806,642 
 13,855     Superior Industries International, Inc   71,353 
 48,457     Tenneco, Inc   1,680,489 
 91,977  *  Tesla, Inc   28,238,779 
 37,172     Thor Industries, Inc   2,420,641 
 12,151     Tower International, Inc   353,473 
 17,990  *  Visteon Corp   1,383,251 
 38,832     Winnebago Industries, Inc   1,110,595 
       TOTAL AUTOMOBILES & COMPONENTS   145,805,306 
             
BANKS - 6.1%     
 9,053     1st Source Corp   411,006 
 8,087     Access National Corp   190,934 
 2,914     ACNB Corp   106,070 
 6,304  *  Allegiance Bancshares, Inc   226,440 
 4,388     American National Bankshares, Inc   143,400 
 32,756     Ameris Bancorp   1,243,090 
 3,366  *  Ames National Corp   84,621 
 6,364     Arrow Financial Corp   202,693 
 114,242     Associated Banc-Corp   2,473,339 
 11,029  *  Atlantic Capital Bancshares, Inc   199,404 
 38,307  *  Axos Financial, Inc   1,163,001 
142

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 52,790  e  Banc of California, Inc  $769,678 
 9,601     Bancfirst Corp   515,382 
 74,325     BancorpSouth Bank   2,168,803 
 6,237,310     Bank of America Corp   177,576,216 
 8,806     Bank of Commerce Holdings   94,136 
 28,786     Bank of Hawaii Corp   2,226,021 
 6,504     Bank of Marin Bancorp   272,778 
 50,103     Bank of NT Butterfield & Son Ltd   1,756,110 
 79,978     Bank OZK   2,426,533 
 7,113     BankFinancial Corp   106,695 
 78,805     BankUnited   2,664,397 
 2,485     Bankwell Financial Group, Inc   71,817 
 27,463     Banner Corp   1,497,832 
 7,764     Bar Harbor Bankshares   185,793 
 6,303  *  Baycom Corp   136,145 
 525,670     BB&T Corp   25,652,696 
 5,274     BCB Bancorp, Inc   61,917 
 42,608     Beneficial Bancorp, Inc   664,259 
 35,033     Berkshire Hills Bancorp, Inc   954,649 
 11,139     Blue Hills Bancorp, Inc   263,326 
 25,223     BOK Financial Corp   2,096,284 
 47,039     Boston Private Financial Holdings, Inc   545,652 
 9,958     Bridge Bancorp, Inc   306,607 
 40,134     Brookline Bancorp, Inc   596,793 
 9,826     Bryn Mawr Bank Corp   363,464 
 3,637  *  BSB Bancorp, Inc   117,330 
 5,835     Business First Bancshares, Inc   134,613 
 8,772  *  Byline Bancorp, Inc   165,703 
 1,500     C&F Financial Corp   74,970 
 79,355     Cadence BanCorp   1,487,906 
 2,224  e  Cambridge Bancorp   169,246 
 7,294     Camden National Corp   295,553 
 4,137     Capital City Bank Group, Inc   99,288 
 85,879     Capitol Federal Financial   1,105,263 
 4,450     Capstar Financial Holdings, Inc   70,978 
 10,786     Carolina Financial Corp   373,411 
 56,443     Cathay General Bancorp   2,095,164 
 11,032     CBTX, Inc   355,782 
 73,016     Centerstate Banks of Florida, Inc   1,810,797 
 16,071     Central Pacific Financial Corp   460,113 
 5,526     Central Valley Community Bancorp   109,249 
 1,597     Century Bancorp, Inc   123,975 
 53,052     Chemical Financial Corp   2,358,692 
 1,397     Chemung Financial Corp   58,562 
 74,696     CIT Group, Inc   3,450,208 
 1,665,760     Citigroup, Inc   107,374,890 
 4,874     Citizens & Northern Corp   122,191 
 314,641     Citizens Financial Group, Inc   10,672,623 
 8,184     City Holding Co   586,629 
 5,425     Civista Bancshares, Inc   101,610 
 7,829     CNB Financial Corp   197,839 
 4,116     Codorus Valley Bancorp, Inc   90,964 
 53,818     Columbia Banking System, Inc   1,977,812 
143

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 27,819  *  Columbia Financial, Inc  $411,999 
 107,471     Comerica, Inc   8,462,267 
 69,187     Commerce Bancshares, Inc   4,137,383 
 3,521     Commerce Union Bancshares, Inc   75,702 
 37,110     Community Bank System, Inc   2,224,745 
 11,706  *  Community Bankers Trust Corp   87,327 
 2,126     Community Financial Corp   62,823 
 8,262     Community Trust Bancorp, Inc   335,520 
 16,938     ConnectOne Bancorp, Inc   338,760 
 2,360     County Bancorp, Inc   40,380 
 43,370     Cullen/Frost Bankers, Inc   4,219,034 
 42,835  *  Customers Bancorp, Inc   842,564 
 85,857     CVB Financial Corp   1,881,127 
 17,313     Dime Community Bancshares   341,412 
 28,606  *  Eagle Bancorp, Inc   1,569,897 
 103,806     East West Bancorp, Inc   5,223,518 
 3,450  *  Entegra Financial Corp   80,592 
 5,087     Enterprise Bancorp, Inc   164,564 
 12,541     Enterprise Financial Services Corp   553,434 
 5,587  *  Equity Bancshares, Inc   177,387 
 3,904     ESSA Bancorp, Inc   58,794 
 72,925  *  Essent Group Ltd   2,898,769 
 2,367     Evans Bancorp, Inc   82,845 
 4,971  e  Farmers & Merchants Bancorp, Inc   156,736 
 11,577     Farmers National Banc Corp   150,154 
 7,286     FB Financial Corp   241,021 
 5,114     Federal Agricultural Mortgage Corp (Class C)   361,816 
 11,929     Fidelity Southern Corp   363,357 
 440,957     Fifth Third Bancorp   11,826,467 
 8,822     Financial Institutions, Inc   236,606 
 16,068     First Bancorp (NC)   590,820 
 141,921     First Bancorp (Puerto Rico)   1,511,459 
 5,552     First Bancorp, Inc   143,630 
 4,496     First Bancshares, Inc   145,715 
 22,785     First Busey Corp   564,157 
 3,142     First Business Financial Services, Inc   64,851 
 6,136     First Citizens Bancshares, Inc (Class A)   2,500,604 
 87,439     First Commonwealth Financial Corp   1,189,170 
 9,068     First Community Bancshares, Inc   311,032 
 10,819     First Defiance Financial Corp   304,879 
 70,718     First Financial Bancorp   1,862,005 
 48,240  e  First Financial Bankshares, Inc   2,947,464 
 5,725     First Financial Corp   237,416 
 3,992     First Financial Northwest, Inc   60,479 
 15,407  *  First Foundation, Inc   223,864 
 2,257  e  First Guaranty Bancshares, Inc   49,045 
 78,113     First Hawaiian, Inc   2,009,847 
 231,164     First Horizon National Corp   3,393,488 
 2,608     First Internet Bancorp   52,160 
 15,115     First Interstate Bancsystem, Inc   588,276 
 28,163     First Merchants Corp   1,031,611 
 5,319     First Mid-Illinois Bancshares, Inc   173,293 
144

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 79,039     First Midwest Bancorp, Inc  $1,740,439 
 4,850     First Northwest Bancorp   74,060 
 12,443     First of Long Island Corp   257,819 
 110,390     First Republic Bank   10,666,986 
 31,141  *  Flagstar Bancorp, Inc   960,700 
 15,021     Flushing Financial Corp   333,166 
 225,515     FNB Corp   2,627,250 
 7,225  *  Franklin Financial Network, Inc   230,261 
 124,697     Fulton Financial Corp   2,001,387 
 11,282     German American Bancorp, Inc   329,999 
 57,395     Glacier Bancorp, Inc   2,420,921 
 5,718     Great Southern Bancorp, Inc   304,998 
 46,439     Great Western Bancorp, Inc   1,638,832 
 1,561  e  Greene County Bancorp, Inc   47,564 
 4,475     Guaranty Bancshares, Inc   134,250 
 59,146     Hancock Holding Co   2,429,718 
 17,111     Hanmi Financial Corp   375,244 
 6,936  *  HarborOne Bancorp, Inc   105,288 
 13,818     Heartland Financial USA, Inc   626,784 
 19,171     Heritage Commerce Corp   254,399 
 16,582     Heritage Financial Corp   513,710 
 65,867     Hilltop Holdings, Inc   1,212,611 
 667     Hingham Institution for Savings   123,328 
 2,720     Home Bancorp, Inc   96,179 
 120,128     Home Bancshares, Inc   2,199,544 
 15,343  *  HomeStreet, Inc   375,443 
 8,155     HomeTrust Bancshares, Inc   220,185 
 109,452     Hope Bancorp, Inc   1,566,258 
 18,388     Horizon Bancorp   296,782 
 4,484  *  Howard Bancorp, Inc   57,530 
 709,035     Huntington Bancshares, Inc   9,387,623 
 38,217     IBERIABANK Corp   2,823,854 
 6,935  *,e  Impac Mortgage Holdings, Inc   24,342 
 15,058     Independent Bank Corp (MA)   1,201,327 
 12,616     Independent Bank Corp (MI)   279,571 
 24,309     Independent Bank Group, Inc   1,282,543 
 31,262     International Bancshares Corp   1,108,863 
 4,146     Investar Holding Corp   95,607 
 200,987     Investors Bancorp, Inc   2,439,982 
 2,261,043     JPMorgan Chase & Co   234,017,950 
 63,418     Kearny Financial Corp   814,287 
 689,639     Keycorp   11,358,354 
 25,883     Lakeland Bancorp, Inc   405,069 
 14,003     Lakeland Financial Corp   630,555 
 4,325     LCNB Corp   71,363 
 30,857     LegacyTexas Financial Group, Inc   1,229,343 
 6,707  *,e  LendingTree, Inc   1,987,552 
 12,400     Live Oak Bancshares, Inc   172,360 
 95,359     M&T Bank Corp   15,690,370 
 12,254     Macatawa Bank Corp   119,599 
 3,486  *  Malvern Bancorp, Inc   72,927 
 58,056     MB Financial, Inc   2,576,525 
 8,667     MBT Financial Corp   86,757 
145

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 8,871     Mercantile Bank Corp  $294,517 
 9,591     Merchants Bancorp   187,696 
 32,710     Meridian Bancorp, Inc   517,963 
 15,144     Meta Financial Group, Inc   356,641 
 5,377  *  Metropolitan Bank Holding Corp   188,195 
 283,943  *  MGIC Investment Corp   3,543,609 
 1,329     Middlefield Banc Corp   56,828 
 9,191     Midland States Bancorp, Inc   221,595 
 8,841     Midsouth Bancorp, Inc   100,964 
 5,843     MidWestOne Financial Group, Inc   161,910 
 69,956  *  Mr Cooper Group, Inc   1,076,623 
 2,434     MutualFirst Financial, Inc   70,586 
 29,891     National Bank Holdings Corp   955,316 
 2,722     National Bankshares, Inc   94,535 
 6,373  *  National Commerce Corp   259,477 
 24,023     NBT Bancorp, Inc   855,699 
 346,276     New York Community Bancorp, Inc   4,023,727 
 4,841  *  Nicolet Bankshares, Inc   264,754 
 33,493  *  NMI Holdings, Inc   736,846 
 3,985     Northeast Bancorp   78,584 
 23,045     Northfield Bancorp, Inc   329,774 
 3,202     Northrim BanCorp, Inc   106,082 
 60,117     Northwest Bancshares, Inc   1,060,464 
 3,306  e  Norwood Financial Corp   96,932 
 22,996     OceanFirst Financial Corp   552,134 
 56,581     OFG Bancorp   1,096,540 
 2,358     Ohio Valley Banc Corp   84,605 
 4,121     Old Line Bancshares, Inc   111,308 
 105,479     Old National Bancorp   1,702,431 
 15,107     Old Second Bancorp, Inc   211,951 
 12,072     Opus Bank   252,305 
 9,484     Origin Bancorp, Inc   323,120 
 36,206     Oritani Financial Corp   610,433 
 3,392     Orrstown Financial Services, Inc   63,871 
 8,412  *  Pacific Mercantile Bancorp   66,118 
 36,587  *  Pacific Premier Bancorp, Inc   1,088,463 
 84,980     PacWest Bancorp   3,279,378 
 8,096     Park National Corp   761,186 
 3,491     Parke Bancorp, Inc   68,493 
 10,060     PCSB Financial Corp   204,319 
 10,228     Peapack Gladstone Financial Corp   272,985 
 1,855     Penns Woods Bancorp, Inc   65,537 
 8,261     PennyMac Financial Services, Inc   170,837 
 2,432     Peoples Bancorp of North Carolina, Inc   63,232 
 7,608     Peoples Bancorp, Inc   243,456 
 2,907     Peoples Financial Services Corp   119,885 
 281,403     People’s United Financial, Inc   4,609,381 
 5,959     People’s Utah Bancorp   175,195 
 59,836     Pinnacle Financial Partners, Inc   3,217,382 
 319,135     PNC Financial Services Group, Inc   39,148,290 
 73,202     Popular, Inc   3,997,561 
 7,341     Preferred Bank   341,797 
146

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 5,393     Premier Financial Bancorp, Inc  $76,958 
 46,344     Prosperity Bancshares, Inc   3,296,912 
 2,406  *  Provident Bancorp, Inc   54,400 
 33,418     Provident Financial Services, Inc   825,759 
 4,558     Prudential Bancorp, Inc   83,138 
 6,598     QCR Holdings, Inc   226,047 
 159,228     Radian Group, Inc   3,063,547 
 8,182     RBB Bancorp   152,594 
 690,859     Regions Financial Corp   10,480,331 
 24,810     Renasant Corp   881,251 
 4,080     Republic Bancorp, Inc (Class A)   170,095 
 28,579  *  Republic First Bancorp, Inc   168,616 
 10,113     Riverview Bancorp, Inc   75,342 
 19,161     S&T Bancorp, Inc   736,166 
 17,948     Sandy Spring Bancorp, Inc   585,284 
 24,974  *  Seacoast Banking Corp of Florida   687,284 
 28,852     ServisFirst Bancshares, Inc   973,755 
 6,457     Shore Bancshares, Inc   96,209 
 5,429     SI Financial Group, Inc   69,926 
 4,948     Sierra Bancorp   131,617 
 36,987     Signature Bank   4,708,815 
 51,339     Simmons First National Corp (Class A)   1,270,127 
 4,022  *  SmartFinancial, Inc   77,625 
 30,627     South State Corp   2,032,101 
 2,602  *  Southern First Bancshares, Inc   93,646 
 2,640     Southern Missouri Bancorp, Inc   92,954 
 5,193     Southern National Bancorp of Virginia, Inc   78,310 
 14,973     Southside Bancshares, Inc   493,959 
 142,706     Sterling Bancorp/DE   2,745,663 
 12,468     Stock Yards Bancorp, Inc   431,019 
 5,685     Summit Financial Group, Inc   133,768 
 312,399     SunTrust Banks, Inc   18,562,749 
 37,652  *  SVB Financial Group   8,787,224 
 103,038     Synovus Financial Corp   3,649,606 
 124,693     TCF Financial Corp   2,763,197 
 3,551     Territorial Bancorp, Inc   97,937 
 39,697  *  Texas Capital Bancshares, Inc   2,313,144 
 42,933     TFS Financial Corp   700,237 
 30,786  *  The Bancorp, Inc   261,065 
 3,470     Timberland Bancorp, Inc   97,576 
 8,586     Tompkins Trustco, Inc   631,414 
 35,509     TowneBank   921,814 
 13,867     Trico Bancshares   523,063 
 11,899  *  Tristate Capital Holdings, Inc   242,264 
 9,917  *  Triumph Bancorp, Inc   302,072 
 58,191     Trustco Bank Corp NY   451,562 
 55,241     Trustmark Corp   1,741,749 
 34,695     UMB Financial Corp   2,232,970 
 155,071     Umpqua Holdings Corp   2,741,655 
 59,469     Union Bankshares Corp   1,876,842 
 1,840     Union Bankshares, Inc   87,676 
 75,942     United Bankshares, Inc   2,686,069 
 59,222     United Community Banks, Inc   1,523,190 
147

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 25,631     United Community Financial Corp  $242,982 
 29,189     United Financial Bancorp, Inc (New)   432,289 
 7,069     United Security Bancshares   72,528 
 4,117     Unity Bancorp, Inc   81,558 
 14,041     Univest Corp of Pennsylvania   329,823 
 1,029,066     US Bancorp   52,647,017 
 241,571     Valley National Bancorp   2,442,283 
 20,169  *  Veritex Holdings, Inc   533,672 
 29,173     Walker & Dunlop, Inc   1,402,346 
 64,136     Washington Federal, Inc   1,865,716 
 8,058     Washington Trust Bancorp, Inc   419,338 
 13,159     Waterstone Financial, Inc   206,596 
 60,841     Webster Financial Corp   3,278,113 
 2,886,654     Wells Fargo & Co   141,186,247 
 27,389     WesBanco, Inc   1,112,267 
 8,275     West Bancorporation, Inc   178,244 
 15,693  e  Westamerica Bancorporation   983,323 
 69,140  *  Western Alliance Bancorp   3,061,519 
 14,297     Western New England Bancorp, Inc   132,247 
 33,000     Wintrust Financial Corp   2,347,620 
 18,151     WSFS Financial Corp   765,428 
 129,048     Zions Bancorporation   6,141,394 
       TOTAL BANKS   1,142,712,318 
             
CAPITAL GOODS - 7.1%     
 389,977     3M Co   78,112,393 
 92,122     A.O. Smith Corp   4,408,959 
 27,127     Aaon, Inc   1,002,071 
 29,134     AAR Corp   1,097,769 
 55,008     Actuant Corp (Class A)   1,259,133 
 27,596     Acuity Brands, Inc   3,336,632 
 25,625     Advanced Drainage Systems, Inc   653,437 
 103,118  *  Aecom Technology Corp   3,156,442 
 19,957  *  Aegion Corp   362,220 
 55,409  *  Aerojet Rocketdyne Holdings, Inc   2,186,993 
 17,124  *  Aerovironment, Inc   1,329,850 
 47,272     AGCO Corp   3,034,862 
 58,470     Air Lease Corp   2,218,352 
 59,494     Aircastle Ltd   1,239,855 
 5,404     Alamo Group, Inc   465,447 
 24,183     Albany International Corp (Class A)   1,660,405 
 67,229     Allegion plc   5,772,282 
 4,154     Allied Motion Technologies, Inc   175,133 
 77,131     Allison Transmission Holdings, Inc   3,753,966 
 37,736     Altra Holdings, Inc   1,155,099 
 12,897  *  Ameresco, Inc   192,552 
 15,949  *  American Woodmark Corp   1,115,633 
 153,474     Ametek, Inc   11,188,255 
 16,001     Apogee Enterprises, Inc   545,154 
 30,024     Applied Industrial Technologies, Inc   1,771,716 
 301,257     Arconic, Inc   5,669,657 
 46,916     Arcosa, Inc   1,380,738 
148

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 21,150     Argan, Inc  $892,953 
 12,841  *  Armstrong Flooring, Inc   173,610 
 25,012     Armstrong World Industries, Inc   1,701,816 
 12,100     Astec Industries, Inc   447,942 
 12,205  *  Astronics Corp   374,327 
 43,228  *  Atkore International Group, Inc   1,002,457 
 42,179  *  Axon Enterprise, Inc   2,151,551 
 24,471     AZZ, Inc   1,095,077 
 29,954     Barnes Group, Inc   1,769,682 
 47,463  *  Beacon Roofing Supply, Inc   1,724,331 
 8,167  *,e  Blue Bird Corp   162,278 
 26,752  *,e  BlueLinx Holdings, Inc   779,821 
 36,729  *  BMC Stock Holdings, Inc   630,270 
 364,791     Boeing Co   140,670,705 
 24,054     Briggs & Stratton Corp   309,816 
 113,750  *  Builders FirstSource, Inc   1,503,775 
 62,321     BWX Technologies, Inc   2,892,941 
 13,421  e  Caesarstone Sdot-Yam Ltd   206,415 
 12,384  *  CAI International, Inc   307,371 
 41,262     Carlisle Cos, Inc   4,445,155 
 390,052     Caterpillar, Inc   51,939,324 
 17,787  *  Chart Industries, Inc   1,328,689 
 9,071     CIRCOR International, Inc   250,813 
 51,341  *  Colfax Corp   1,270,690 
 12,284     Columbus McKinnon Corp   444,681 
 24,677     Comfort Systems USA, Inc   1,183,756 
 13,460  *  Commercial Vehicle Group, Inc   100,546 
 41,484  *  Continental Building Products Inc   1,092,689 
 34,362     Crane Co   2,843,799 
 8,509  *  CSW Industrials, Inc   439,490 
 14,183     Cubic Corp   911,541 
 100,041     Cummins, Inc   14,717,032 
 30,380     Curtiss-Wright Corp   3,448,738 
 219,763     Deere & Co   36,041,132 
 6,115     DMC Global, Inc   211,090 
 88,468     Donaldson Co, Inc   4,182,767 
 12,144     Douglas Dynamics, Inc   429,898 
 96,500     Dover Corp   8,475,595 
 6,486  *  Ducommun, Inc   255,354 
 9,722  *  DXP Enterprises, Inc   319,951 
 18,597  *  Dycom Industries, Inc   1,079,556 
 2,789     Eastern Co   75,805 
 297,076     Eaton Corp   22,652,045 
 40,791     EMCOR Group, Inc   2,660,797 
 430,570     Emerson Electric Co   28,189,418 
 11,910     Encore Wire Corp   641,949 
 16,323  *,e  Energous Corp   121,770 
 22,221  *,e  Energy Recovery, Inc   168,880 
 31,998     EnerSys   2,728,149 
 54,245  *,e  Enphase Energy, Inc   392,191 
 12,073     EnPro Industries, Inc   797,422 
 22,121     ESCO Technologies, Inc   1,440,298 
 22,428  *  Esterline Technologies Corp   2,729,488 
149

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 1,925  e  EVI Industries, Inc  $67,182 
 69,617  *  Evoqua Water Technologies Corp   752,560 
 195,091     Fastenal Co   11,795,202 
 57,306     Federal Signal Corp   1,259,586 
 85,924     Flowserve Corp   3,784,093 
 89,075     Fluor Corp   3,257,473 
 200,348     Fortive Corp   15,024,097 
 88,165     Fortune Brands Home & Security, Inc   3,993,874 
 6,686  *  Foundation Building Materials, Inc   61,110 
 26,548     Franklin Electric Co, Inc   1,268,463 
 8,585  *  Freightcar America, Inc   61,125 
 86,403  *  Gardner Denver Holdings, Inc   2,131,562 
 47,078  *  Gates Industrial Corp plc   701,933 
 29,558     GATX Corp   2,236,949 
 3,177  *  Gencor Industries, Inc   44,033 
 45,924  *  Generac Holdings, Inc   2,430,757 
 176,570     General Dynamics Corp   30,223,487 
 5,867,316     General Electric Co   59,611,931 
 17,715  *  Gibraltar Industries, Inc   631,540 
 12,051     Global Brass & Copper Holdings, Inc   364,422 
 22,899  *  GMS, Inc   433,478 
 9,682     Gorman-Rupp Co   334,513 
 119,062     Graco, Inc   5,158,956 
 61,615     GrafTech International Ltd   813,934 
 4,289     Graham Corp   96,074 
 26,188     Granite Construction, Inc   1,131,845 
 40,660  *  Great Lakes Dredge & Dock Corp   287,466 
 25,581     Greenbrier Cos, Inc   1,084,890 
 16,682     Griffon Corp   265,411 
 22,515     H&E Equipment Services, Inc   602,727 
 78,654     Harris Corp   12,048,220 
 54,147  *  Harsco Corp   1,153,331 
 24,514  *,e  HC2 Holdings, Inc   83,593 
 123,215  *  HD Supply Holdings, Inc   5,167,637 
 22,817     HEICO Corp   1,928,036 
 53,961     HEICO Corp (Class A)   3,778,889 
 16,705  *  Herc Holdings, Inc   618,920 
 54,205     Hexcel Corp   3,670,221 
 47,052     Hillenbrand, Inc   1,995,005 
 512,364     Honeywell International, Inc   73,590,841 
 36,728     Hubbell, Inc   4,015,472 
 27,792     Huntington Ingalls   5,737,658 
 2,644     Hurco Cos, Inc   101,397 
 6,113     Hyster-Yale Materials Handling, Inc   425,404 
 52,515     IDEX Corp   7,239,718 
 5,855  *  IES Holdings, Inc   98,013 
 224,724     Illinois Tool Works, Inc   30,856,852 
 168,395     Ingersoll-Rand plc   16,846,236 
 11,105     Insteel Industries, Inc   245,309 
 60,695     ITT, Inc   3,190,129 
 85,734     Jacobs Engineering Group, Inc   5,555,563 
 72,150  *  JELD-WEN Holding, Inc   1,287,156 
150

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 23,161     John Bean Technologies Corp  $1,839,910 
 625,109     Johnson Controls International plc   21,109,931 
 6,195     Kadant, Inc   528,433 
 23,443     Kaman Corp   1,385,950 
 81,836     KBR, Inc   1,407,579 
 49,400     Kennametal, Inc   1,856,452 
 25,042  *  KEYW Holding Corp, The   179,802 
 52,012  *  Kratos Defense & Security Solutions, Inc   805,666 
 51,483     L3 Technologies, Inc   10,135,973 
 1,917  *  Lawson Products, Inc   56,743 
 5,409  *  LB Foster Co (Class A)   96,659 
 24,395     Lennox International, Inc   5,593,286 
 44,382     Lincoln Electric Holdings, Inc   3,836,380 
 11,290     Lindsay Corp   969,585 
 169,148     Lockheed Martin Corp   49,000,484 
 9,749  *  Lydall, Inc   258,543 
 22,787  *  Manitowoc Co, Inc   346,818 
 197,471     Masco Corp   6,400,035 
 18,106  *  Masonite International Corp   1,035,663 
 41,165  *  Mastec, Inc   1,826,903 
 52,007  e  Maxar Technologies, Inc   292,279 
 38,083  *  Mercury Systems, Inc   2,232,806 
 54,856  *  Meritor, Inc   1,134,422 
 37,781  *  Middleby Corp   4,443,801 
 38,926  *  Milacron Holdings Corp   539,514 
 6,122     Miller Industries, Inc   183,966 
 24,373     Moog, Inc (Class A)   2,180,652 
 51,629  *  MRC Global, Inc   806,445 
 31,831     MSC Industrial Direct Co (Class A)   2,657,570 
 37,533     Mueller Industries, Inc   972,480 
 102,742     Mueller Water Products, Inc (Class A)   1,015,091 
 8,810  *  MYR Group, Inc   268,441 
 3,530  e  National Presto Industries, Inc   422,259 
 28,629  *  Navistar International Corp   940,176 
 58,134  *  NCI Building Systems, Inc   474,373 
 14,904  *,e  Nexeo Solutions, Inc   140,098 
 15,855     NN, Inc   144,756 
 42,164     Nordson Corp   5,466,141 
 108,823     Northrop Grumman Corp   29,986,178 
 5,149  *  Northwest Pipe Co   118,633 
 104,096  *  NOW, Inc   1,408,419 
 4,455  *  NV5 Holdings, Inc   315,280 
 102,378     nVent Electric plc   2,561,498 
 1,285     Omega Flex, Inc   81,340 
 16,060  *  Orion Marine Group, Inc   67,773 
 48,448     Oshkosh Truck Corp   3,636,022 
 67,435     Owens Corning, Inc   3,532,920 
 229,267     PACCAR, Inc   15,021,574 
 88,659     Parker-Hannifin Corp   14,611,890 
 14,219  *  Patrick Industries, Inc   567,338 
 102,378     Pentair plc   4,216,950 
 53,663  *  PGT, Inc   892,952 
 202,866  *,e  Plug Power, Inc   277,926 
151

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 6,290     Powell Industries, Inc  $175,554 
 1,077     Preformed Line Products Co   59,773 
 22,124     Primoris Services Corp   441,374 
 16,647  *  Proto Labs, Inc   2,066,725 
 19,158     Quanex Building Products Corp   299,823 
 107,199     Quanta Services, Inc   3,788,413 
 20,497     Raven Industries, Inc   758,184 
 194,691     Raytheon Co   32,077,289 
 17,248  *  RBC Bearings, Inc   2,404,716 
 26,165     Regal-Beloit Corp   2,008,425 
 79,112  *  Resideo Technologies, Inc   1,734,926 
 36,879  e  REV Group, Inc   306,464 
 59,608  *  Rexnord Corp   1,558,749 
 80,058     Rockwell Automation, Inc   13,571,432 
 69,929     Roper Industries, Inc   19,808,089 
 2,932     Rush Enterprises, Inc   114,113 
 17,334     Rush Enterprises, Inc (Class A)   663,025 
 106,535  *  Sensata Technologies Holding plc   5,060,412 
 32,276     Simpson Manufacturing Co, Inc   1,981,101 
 24,631  *  SiteOne Landscape Supply, Inc   1,312,832 
 36,399     Snap-On, Inc   6,041,870 
 12,477  *  Sparton Corp   229,452 
 74,157     Spirit Aerosystems Holdings, Inc (Class A)   6,184,694 
 38,672  *  SPX Corp   1,150,492 
 23,861  *  SPX FLOW, Inc   781,925 
 7,239     Standex International Corp   539,885 
 101,705     Stanley Black & Decker, Inc   12,859,580 
 16,087  *  Sterling Construction Co, Inc   212,992 
 16,107     Sun Hydraulics Corp   570,510 
 73,469  *,e  Sunrun, Inc   977,138 
 23,975  *  Teledyne Technologies, Inc   5,375,675 
 12,035     Tennant Co   706,816 
 47,632     Terex Corp   1,462,779 
 16,855  *  Textainer Group Holdings Ltd   219,452 
 167,303     Textron, Inc   8,905,539 
 22,888  *  Thermon Group Holdings   527,797 
 52,367     Timken Co   2,230,311 
 29,909     Titan International, Inc   168,089 
 10,075  *  Titan Machinery, Inc   188,806 
 70,582     Toro Co   4,199,629 
 7,869  *  TPI Composites, Inc   238,195 
 33,205     TransDigm Group, Inc   12,983,155 
 36,463  *  Trex Co, Inc   2,543,659 
 25,928  *  Trimas Corp   751,653 
 86,801     Trinity Industries, Inc   2,029,407 
 46,220     Triton International Ltd   1,661,609 
 28,408     Triumph Group, Inc   507,083 
 28,202  *  Tutor Perini Corp   485,356 
 4,906  *  Twin Disc, Inc   88,897 
 52,679  *  United Rentals, Inc   6,598,572 
 549,445     United Technologies Corp   64,872,971 
 66,068  *  Univar, Inc   1,376,196 
152

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 34,221     Universal Forest Products, Inc  $1,054,691 
 61,425     USG Corp   2,650,489 
 16,779     Valmont Industries, Inc   2,164,491 
 7,781  *  Vectrus, Inc   196,003 
 7,165  *  Veritiv Corp   244,685 
 10,008  *  Vicor Corp   394,215 
 19,540  *,e  Vivint Solar, Inc   85,781 
 30,371     W.W. Grainger, Inc   8,971,290 
 39,948     Wabash National Corp   556,875 
 34,459  *  WABCO Holdings, Inc   3,936,252 
 57,674  e  Wabtec Corp   3,988,734 
 19,318     Watsco, Inc   2,849,019 
 22,424     Watts Water Technologies, Inc (Class A)   1,678,885 
 118,218  *  Welbilt, Inc   1,657,416 
 37,375  *  Wesco Aircraft Holdings, Inc   326,658 
 28,126  *  WESCO International, Inc   1,473,802 
 2,164  *  Willis Lease Finance Corp   82,838 
 18,162  *  Willscot Corp   186,161 
 37,297     Woodward Governor Co   3,388,432 
 125,614     Xylem, Inc   8,951,254 
       TOTAL CAPITAL GOODS   1,317,579,246 
             
COMMERCIAL & PROFESSIONAL SERVICES - 1.1%     
 39,648     ABM Industries, Inc   1,355,565 
 33,778  *  Acacia Research (Acacia Technologies)   102,685 
 99,433     ACCO Brands Corp   877,993 
 129,255  e  ADT, Inc   933,221 
 48,256  *  Advanced Disposal Services, Inc   1,216,051 
 4,343     Barrett Business Services, Inc   272,089 
 3,767     BG Staffing, Inc   97,076 
 42,167     Brady Corp (Class A)   1,885,287 
 49,226  *  BrightView Holdings, Inc   729,037 
 32,950     Brink’s Co   2,439,947 
 21,586  *  Casella Waste Systems, Inc (Class A)   650,170 
 32,525  *  CBIZ, Inc   637,490 
 15,922  *  Ceco Environmental Corp   109,543 
 15,071  *  Cimpress NV   1,253,455 
 59,225     Cintas Corp   11,105,280 
 29,520  *  Clean Harbors, Inc   1,747,879 
 138,177  *  Copart, Inc   6,995,902 
 23,944  *  CoStar Group, Inc   9,355,879 
 66,196     Covanta Holding Corp   1,065,756 
 4,475     CRA International, Inc   186,786 
 27,013     Deluxe Corp   1,268,801 
 25,128     Dun & Bradstreet Corp   3,637,027 
 18,634     Ennis, Inc   369,699 
 79,708     Equifax, Inc   8,530,350 
 41,740     Exponent, Inc   2,085,330 
 4,961     Forrester Research, Inc   222,799 
 6,551  *  Franklin Covey Co   159,582 
 29,740  *  FTI Consulting, Inc   2,031,837 
 5,601  *  GP Strategies Corp   84,239 
 49,548  e  Healthcare Services Group   2,161,284 
153

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 10,919     Heidrick & Struggles International, Inc  $360,873 
 8,242  *  Heritage-Crystal Clean, Inc   210,995 
 38,812     Herman Miller, Inc   1,328,535 
 38,514     HNI Corp   1,497,039 
 12,082  *  Huron Consulting Group, Inc   584,165 
 10,407     ICF International, Inc   686,029 
 256,223  *  IHS Markit Ltd   13,303,098 
 27,397  *  Innerworkings, Inc   125,752 
 23,573     Insperity, Inc   2,514,768 
 35,215     Interface, Inc   577,878 
 88,348     KAR Auction Services, Inc   4,594,979 
 18,569     Kelly Services, Inc (Class A)   415,946 
 12,856     Kforce, Inc   421,805 
 17,697     Kimball International, Inc (Class B)   250,059 
 26,680     Knoll, Inc   537,869 
 34,446     Korn/Ferry International   1,570,738 
 29,966     LSC Communications, Inc   237,630 
 39,816     Manpower, Inc   3,146,658 
 17,511     Matthews International Corp (Class A)   779,064 
 13,638     McGrath RentCorp   687,355 
 15,128  *  Mistras Group, Inc   222,533 
 25,633     Mobile Mini, Inc   968,671 
 23,679     MSA Safety, Inc   2,372,162 
 7,443     Multi-Color Corp   346,472 
 50,568     Navigant Consulting, Inc   1,310,723 
 246,437     Nielsen NV   6,328,502 
 8,365  *  NL Industries, Inc   31,703 
 37,946  *  On Assignment, Inc   2,390,219 
 182,036     Pitney Bowes, Inc   1,312,480 
 59,629     Quad Graphics, Inc   805,588 
 149,063     Republic Services, Inc   11,434,623 
 15,209     Resources Connection, Inc   254,142 
 78,997     Robert Half International, Inc   5,089,777 
 103,788     Rollins, Inc   3,865,065 
 41,455     RR Donnelley & Sons Co   211,420 
 9,805  *  SP Plus Corp   324,545 
 48,359     Steelcase, Inc (Class A)   797,924 
 50,966  *  Stericycle, Inc   2,246,581 
 6,434     Systemax, Inc   150,170 
 40,398  *,e  Team, Inc   579,307 
 42,001     Tetra Tech, Inc   2,318,035 
 123,774     TransUnion   7,527,935 
 33,491  *  TriNet Group, Inc   1,529,199 
 27,821  *  TrueBlue, Inc   678,554 
 12,296     Unifirst Corp   1,702,135 
 12,067     US Ecology, Inc   768,306 
 107,648  *  Verisk Analytics, Inc   12,638,952 
 14,492     Viad Corp   763,728 
 4,765     VSE Corp   155,482 
 40,652  *  WageWorks, Inc   1,282,571 
 295,206     Waste Management, Inc   28,242,358 
 4,929  *  Willdan Group, Inc   165,861 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   196,214,997 
154

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
CONSUMER DURABLES & APPAREL - 1.3%     
 18,049     Acushnet Holdings Corp  $414,947 
 70,259  *  American Outdoor Brands Corp   848,026 
 6,475     Bassett Furniture Industries, Inc   123,478 
 54,502  *  Beazer Homes USA, Inc   682,910 
 61,550     Brunswick Corp   3,097,196 
 81,438     Callaway Golf Co   1,326,625 
 98,149  *  Capri Holdings Ltd   4,169,370 
 27,293     Carter’s, Inc   2,262,590 
 4,773  *  Cavco Industries, Inc   793,702 
 27,424  *  Century Communities, Inc   643,367 
 10,630     Clarus Corp   118,950 
 22,670     Columbia Sportswear Co   2,021,937 
 47,319  *  CROCS, Inc   1,359,002 
 5,513     Culp, Inc   105,298 
 18,257  *  Deckers Outdoor Corp   2,345,112 
 212,139     DR Horton, Inc   8,156,745 
 3,637     Escalade, Inc   40,589 
 39,428     Ethan Allen Interiors, Inc   748,343 
 4,787     Flexsteel Industries, Inc   119,531 
 57,082  *,e  Fossil Group, Inc   968,111 
 79,141  *  Garmin Ltd   5,474,974 
 24,861  *  G-III Apparel Group Ltd   866,903 
 74,505  *,e  GoPro, Inc   367,310 
 10,917  *  Green Brick Partners, Inc   92,358 
 7,083     Hamilton Beach Brands Holding Co   185,150 
 231,250     Hanesbrands, Inc   3,466,437 
 77,123     Hasbro, Inc   6,984,259 
 19,259  *  Helen of Troy Ltd   2,234,814 
 6,640     Hooker Furniture Corp   191,033 
 72,433  *  Hovnanian Enterprises, Inc (Class A)   51,145 
 14,684  *  Installed Building Products Inc   618,343 
 17,311  *  iRobot Corp   1,554,355 
 3,431     Johnson Outdoors, Inc   214,952 
 52,472     KB Home   1,123,426 
 27,300     La-Z-Boy, Inc   808,626 
 76,578     Leggett & Platt, Inc   3,136,635 
 9,796     Lennar Corp (B Shares)   373,424 
 175,024     Lennar Corp (Class A)   8,299,638 
 22,441  *,e  LGI Homes, Inc   1,330,751 
 3,744     Lifetime Brands, Inc   36,429 
 65,353  *  Lululemon Athletica, Inc   9,659,827 
 27,958  *  M/I Homes, Inc   740,607 
 11,731  *  Malibu Boats Inc   475,692 
 6,686     Marine Products Corp   94,941 
 11,236  *  MasterCraft Boat Holdings, Inc   245,282 
 215,924  *,e  Mattel, Inc   2,556,540 
 44,182     MDC Holdings, Inc   1,454,913 
 24,411  *  Meritage Homes Corp   1,100,448 
 38,640  *  Mohawk Industries, Inc   4,976,446 
 20,975     Movado Group, Inc   670,151 
155

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 2,520     Nacco Industries, Inc (Class A)  $85,882 
 17,228  *  Nautilus, Inc   129,382 
 9,445  *  New Home Co Inc   65,359 
 284,152     Newell Rubbermaid, Inc   6,026,864 
 858,183     Nike, Inc (Class B)   70,268,024 
 1,956  *  NVR, Inc   5,202,960 
 16,346     Oxford Industries, Inc   1,251,777 
 37,469     Polaris Industries, Inc   3,142,900 
 161,098     Pulte Homes, Inc   4,480,135 
 48,150     PVH Corp   5,253,646 
 35,866     Ralph Lauren Corp   4,165,477 
 26,835  *,e  Roku, Inc   1,206,233 
 79,408  *  Skechers U.S.A., Inc (Class A)   2,157,515 
 31,138     Skyline Corp   562,352 
 51,046     Steven Madden Ltd   1,666,652 
 19,029     Sturm Ruger & Co, Inc   1,036,700 
 2,932     Superior Uniform Group, Inc   52,102 
 187,525     Tapestry, Inc   7,259,093 
 96,173  *  Taylor Morrison Home Corp   1,817,670 
 26,704  *  Tempur Sealy International, Inc   1,415,846 
 87,468     Toll Brothers, Inc   3,231,068 
 21,170  *  TopBuild Corp   1,117,988 
 133,679  *  TRI Pointe Homes, Inc   1,797,983 
 31,231     Tupperware Corp   851,669 
 23,147  *,e  Turtle Beach Corp   344,659 
 146,854  *  Under Armour, Inc   2,781,415 
 127,929  *,e  Under Armour, Inc (Class A)   2,653,247 
 14,239  *  Unifi, Inc   304,572 
 8,554  *  Universal Electronics, Inc   240,966 
 10,709  *  Vera Bradley, Inc   95,846 
 217,144     VF Corp   18,277,010 
 79,959  *  Vista Outdoor, Inc   797,991 
 42,863     Whirlpool Corp   5,701,208 
 63,964  *  William Lyon Homes, Inc   848,163 
 54,101     Wolverine World Wide, Inc   1,856,205 
 32,809  *,e  YETI Holdings, Inc   558,081 
 16,438  *  Zagg, Inc   184,434 
       TOTAL CONSUMER DURABLES & APPAREL   248,620,712 
             
CONSUMER SERVICES - 2.3%     
 46,822  *  Adtalem Global Education, Inc   2,289,596 
 8,703  *  American Public Education, Inc   257,522 
 154,818     ARAMARK Holdings Corp   5,101,253 
 39,159     BBX Capital Corp   241,611 
 77,709  *  Belmond Ltd.   1,936,508 
 60  *  Biglari Holdings, Inc (A Shares)   39,001 
 605  *  Biglari Holdings, Inc (B Shares)   79,207 
 10,929     BJ’s Restaurants, Inc   544,592 
 54,808     Bloomin’ Brands, Inc   1,010,111 
 47,511     Boyd Gaming Corp   1,298,001 
 41,433  *  Bright Horizons Family Solutions   4,797,527 
 28,632  e  Brinker International, Inc   1,160,169 
 368,611  *  Caesars Entertainment Corp   3,369,105 
156

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 40,625  *  Career Education Corp  $524,469 
 272,581     Carnival Corp   15,695,214 
 14,241     Carriage Services, Inc   276,987 
 33,199  *  Carrols Restaurant Group, Inc   286,507 
 10,670  *  Century Casinos, Inc   81,839 
 36,491  e  Cheesecake Factory   1,637,716 
 76,949  *  Chegg, Inc   2,710,144 
 16,196  *  Chipotle Mexican Grill, Inc (Class A)   8,577,564 
 24,733     Choice Hotels International, Inc   1,957,864 
 22,830     Churchill Downs, Inc   2,099,903 
 9,242  *  Chuy’s Holdings, Inc   209,978 
 12,347     Cracker Barrel Old Country Store, Inc   2,065,406 
 83,259     Darden Restaurants, Inc   8,736,367 
 23,509     Dave & Buster’s Entertainment, Inc   1,209,538 
 11,085  *  Del Frisco’s Restaurant Group, Inc   87,793 
 17,977  *  Del Taco Restaurants, Inc   186,781 
 51,012  *  Denny’s Corp   902,402 
 9,874     DineEquity, Inc   753,090 
 28,465     Domino’s Pizza, Inc   8,076,374 
 39,635  *  Drive Shack, Inc   166,863 
 53,455     Dunkin Brands Group, Inc   3,655,787 
 12,324  *  El Pollo Loco Holdings, Inc   203,223 
 40,475  *  Eldorado Resorts, Inc   1,886,945 
 1,317  *,e  Empire Resorts, Inc   15,804 
 138,810     Extended Stay America, Inc   2,373,651 
 13,720  *  Fiesta Restaurant Group, Inc   203,879 
 43,161  *  frontdoor, Inc   1,282,745 
 10,687  *  Golden Entertainment, Inc   199,847 
 3,415     Graham Holdings Co   2,270,975 
 31,975  *  Grand Canyon Education, Inc   2,971,757 
 144,126     H&R Block, Inc   3,399,932 
 11,282  *  Habit Restaurants, Inc   115,302 
 58,810  *  Hilton Grand Vacations, Inc   1,784,295 
 186,245     Hilton Worldwide Holdings, Inc   13,871,528 
 58,302  *  Houghton Mifflin Harcourt Co   610,422 
 27,534     Hyatt Hotels Corp   1,924,902 
 68,087     International Game Technology plc   1,113,903 
 13,482     International Speedway Corp (Class A)   585,793 
 6,138  *  J Alexander’s Holdings, Inc   52,787 
 17,060     Jack in the Box, Inc   1,381,007 
 42,184  *  K12, Inc   1,329,218 
 235,338     Las Vegas Sands Corp   13,734,326 
 79,053  *  Laureate Education, Inc   1,264,848 
 11,160  *  Lindblad Expeditions Holdings, Inc   137,156 
 193,351     Marriott International, Inc (Class A)   22,144,490 
 22,645     Marriott Vacations Worldwide Corp   2,004,988 
 531,062     McDonald’s Corp   94,943,264 
 321,902     MGM Resorts International   9,476,795 
 5,998  *  Monarch Casino & Resort, Inc   259,354 
 1,517     Nathan’s Famous, Inc   102,398 
 10,030  *  Noodles & Co   72,216 
 152,992  *  Norwegian Cruise Line Holdings Ltd   7,868,379 
157

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 15,209  e  Papa John’s International, Inc  $643,189 
 84,521  *  Penn National Gaming, Inc   2,048,789 
 54,278  *  Planet Fitness, Inc   3,143,782 
 12,084  *  PlayAGS, Inc   302,825 
 17,426  *  Potbelly Corp   151,083 
 4,928     RCI Hospitality Holdings, Inc   109,944 
 7,293  *  Red Lion Hotels Corp   67,460 
 17,963  *  Red Robin Gourmet Burgers, Inc   574,457 
 42,685     Red Rock Resorts, Inc   1,083,345 
 27,918  *  Regis Corp   520,671 
 110,934     Royal Caribbean Cruises Ltd   13,317,627 
 16,648     Ruth’s Chris Steak House, Inc   384,569 
 62,348  *  Scientific Games Corp (Class A)   1,562,441 
 38,900  *  SeaWorld Entertainment, Inc   1,013,345 
 118,252     Service Corp International   5,075,376 
 86,323  *  ServiceMaster Global Holdings, Inc   3,365,734 
 12,161  *  Shake Shack, Inc   580,809 
 52,487     Six Flags Entertainment Corp   3,232,674 
 21,560  *  Sotheby’s (Class A)   870,808 
 9,924     Speedway Motorsports, Inc   160,173 
 823,201     Starbucks Corp   56,092,916 
 15,916     Strategic Education Inc   1,741,210 
 45,694     Texas Roadhouse, Inc (Class A)   2,780,023 
 25,956     Vail Resorts, Inc   4,886,477 
 24,802  *  Weight Watchers International, Inc   793,664 
 105,194     Wendy’s   1,821,960 
 23,960     Wingstop, Inc   1,572,974 
 58,946     Wyndham Hotels & Resorts, Inc   2,893,659 
 58,946     Wyndham Worldwide Corp   2,483,984 
 68,819     Wynn Resorts Ltd   8,465,425 
 246,013     Yum China Holdings, Inc   8,967,174 
 214,310     Yum! Brands, Inc   20,140,854 
       TOTAL CONSUMER SERVICES   422,458,339 
             
DIVERSIFIED FINANCIALS - 3.6%     
 35,099     Affiliated Managers Group, Inc   3,683,640 
 19,156     AG Mortgage Investment Trust   345,191 
 362,479     AGNC Investment Corp   6,491,999 
 285,187     Ally Financial, Inc   7,431,973 
 487,312     American Express Co   50,046,942 
 93,579     Ameriprise Financial, Inc   11,847,101 
 918,820     Annaly Capital Management, Inc   9,592,481 
 92,233     Anworth Mortgage Asset Corp   412,282 
 91,476     Apollo Commercial Real Estate Finance, Inc   1,664,863 
 78,437     Arbor Realty Trust, Inc   938,107 
 18,424     Ares Commercial Real Estate Corp   265,306 
 25,578  e  Arlington Asset Investment Corp (Class A)   220,482 
 30,077  *  ARMOUR Residential REIT, Inc   632,219 
 25,768     Artisan Partners Asset Management, Inc   600,910 
 2,450  e  Associated Capital Group, Inc   103,855 
 131,322     AXA Equitable Holdings, Inc   2,434,710 
 12,562     B. Riley Financial, Inc   191,570 
 16,791     Banco Latinoamericano de Exportaciones S.A. (Class E)   315,335 
158

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 629,273     Bank of New York Mellon Corp  $32,923,563 
 160,055     BGC Partners, Inc (Class A)   990,740 
 82,629     BlackRock, Inc   34,297,645 
 75,537     Blackstone Mortgage Trust, Inc   2,605,271 
 39,851  *  Blucora, Inc   1,176,003 
 63,923  *  Cannae Holdings, Inc   1,236,271 
 320,631     Capital One Financial Corp   25,839,652 
 51,594     Capstead Mortgage Corp   380,248 
 74,239     CBOE Holdings, Inc   6,924,272 
 818,260     Charles Schwab Corp   38,270,020 
 6,561     Cherry Hill Mortgage Investment Corp   121,379 
 138,953     Chimera Investment Corp   2,644,276 
 242,032     CME Group, Inc   44,117,593 
 25,360     Cohen & Steers, Inc   954,297 
 79,651     Colony Credit Real Estate, Inc   1,330,968 
 15,293  *  Cowen Group, Inc   247,288 
 7,887  *  Credit Acceptance Corp   3,139,184 
 6,319  *  Curo Group Holdings Corp   78,988 
 2,676     Diamond Hill Investment Group, Inc   414,780 
 228,508     Discover Financial Services   15,422,005 
 18,466  *  Donnelley Financial Solutions, Inc   270,342 
 48,507     Dynex Capital, Inc   292,012 
 166,609     E*TRADE Financial Corp   7,773,976 
 78,465     Eaton Vance Corp   3,022,472 
 26,365  *  Elevate Credit, Inc   117,324 
 13,602  *,e  Encore Capital Group, Inc   401,803 
 20,051  *  Enova International, Inc   462,176 
 24,561     Evercore Partners, Inc (Class A)   2,196,981 
 25,385     Exantas Capital Corp   268,319 
 27,938  *  Ezcorp, Inc (Class A)   260,382 
 25,551     Factset Research Systems, Inc   5,586,215 
 57,892     Federated Investors, Inc (Class B)   1,512,718 
 152,235  *  FGL Holdings   1,204,179 
 26,330     FirstCash, Inc   2,170,382 
 10,557  *  Focus Financial Partners, Inc   296,863 
 198,945     Franklin Resources, Inc   5,890,761 
 20,991  e  Gain Capital Holdings, Inc   135,812 
 2,450     GAMCO Investors, Inc (Class A)   48,878 
 234,808     Goldman Sachs Group, Inc   46,494,332 
 53,217     Granite Point Mortgage Trust, Inc   1,038,796 
 8,685     Great Ajax Corp   112,123 
 35,493  *  Green Dot Corp   2,627,192 
 22,909     Greenhill & Co, Inc   574,100 
 7,544     Hamilton Lane, Inc   273,621 
 27,890     Houlihan Lokey, Inc   1,233,854 
 52,337     Interactive Brokers Group, Inc (Class A)   2,637,785 
 386,060     IntercontinentalExchange Group, Inc   29,633,966 
 10,594  *  INTL FCStone, Inc   405,009 
 247,831     Invesco Ltd   4,515,481 
 98,104     Invesco Mortgage Capital, Inc   1,579,474 
 18,749     Investment Technology Group, Inc   567,345 
 185,369     Jefferies Financial Group, Inc   3,857,529 
159

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 32,622     KKR Real Estate Finance Trust, Inc  $672,666 
 77,355     Ladder Capital Corp   1,339,015 
 67,587     Ladenburg Thalmann Financial Services, Inc   194,651 
 77,803     Lazard Ltd (Class A)   3,095,781 
 48,355     Legg Mason, Inc   1,440,979 
 219,162  *  LendingClub Corp   699,127 
 61,306     LPL Financial Holdings, Inc   4,314,103 
 25,594     MarketAxess Holdings, Inc   5,496,823 
 3,189     Marlin Business Services Corp   70,764 
 363,947     MFA Mortgage Investments, Inc   2,667,732 
 36,381     Moelis & Co   1,591,669 
 115,038     Moody’s Corp   18,234,673 
 813,542     Morgan Stanley   34,412,827 
 13,003     Morningstar, Inc   1,614,322 
 58,626     MSCI, Inc (Class A)   9,982,249 
 77,268     NASDAQ OMX Group, Inc   6,802,675 
 158,729     Navient Corp   1,809,511 
 11,109     Nelnet, Inc (Class A)   584,333 
 215,868     New Residential Investment Corp   3,665,439 
 60,343     New York Mortgage Trust, Inc   378,954 
 17,297  *  NewStar Financial, Inc   4,489 
 137,695     Northern Trust Corp   12,180,500 
 76,771     OM Asset Management plc   949,657 
 32,979  *  On Deck Capital, Inc   248,002 
 59,602  *  OneMain Holdings, Inc   1,781,504 
 5,009     Oppenheimer Holdings, Inc   134,892 
 41,882     Orchid Island Capital, Inc   290,661 
 37,535     PennyMac Mortgage Investment Trust   759,708 
 12,064     Pico Holdings, Inc   117,141 
 15,025     Piper Jaffray Cos   1,037,176 
 20,764     PJT Partners, Inc   902,819 
 26,014  *  PRA Group, Inc   767,673 
 8,894     Pzena Investment Management, Inc (Class A)   77,911 
 87,432     Raymond James Financial, Inc   7,038,276 
 11,425     Ready Capital Corp   178,687 
 55,348     Redwood Trust, Inc   892,763 
 5,910  *  Regional Management Corp   162,407 
 172,387     S&P Global, Inc   33,037,969 
 15,419  *  Safeguard Scientifics, Inc   146,326 
 74,904     Santander Consumer USA Holdings, Inc   1,427,670 
 85,763     SEI Investments Co   4,077,173 
 3,406     Silvercrest Asset Management Group, Inc   45,368 
 291,155  *  SLM Corp   3,118,270 
 252,753     State Street Corp   17,920,188 
 42,021     Stifel Financial Corp   2,011,545 
 495,501     Synchrony Financial   14,884,850 
 162,876     T Rowe Price Group, Inc   15,222,391 
 197,912     TD Ameritrade Holding Corp   11,073,176 
 14,837     TPG RE Finance Trust, Inc   294,218 
 183,272     Two Harbors Investment Corp   2,673,938 
 24,004     Virtu Financial, Inc   613,302 
 3,892     Virtus Investment Partners, Inc   350,163 
 107,581     Voya Financial, Inc   4,994,986 
160

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 46,753  e  Waddell & Reed Financial, Inc (Class A)  $800,411 
 24,220     Western Asset Mortgage Capital Corp   231,543 
 5,515     Westwood Holdings Group, Inc   201,959 
 65,487     WisdomTree Investments, Inc   438,763 
 3,309  *  World Acceptance Corp   343,110 
       TOTAL DIVERSIFIED FINANCIALS   678,295,489 
             
ENERGY - 5.1%     
 98,619  *  Abraxas Petroleum Corp   117,357 
 969     Adams Resources & Energy, Inc   38,401 
 58,583  *,e  Alta Mesa Resources, Inc   56,123 
 333,298     Anadarko Petroleum Corp   15,774,994 
 159,817  *  Antero Resources Corp   1,607,759 
 256,837     Apache Corp   8,429,390 
 48,250  *  Apergy Corp   1,622,165 
 30,605  *,e  Approach Resources, Inc   29,482 
 12,389     Arch Coal, Inc   1,091,843 
 86,405     Archrock, Inc   815,663 
 17,293  *  Ardmore Shipping Corp   98,051 
 355,241     Baker Hughes a GE Co   8,373,030 
 56,023  *  Basic Energy Services, Inc   266,109 
 12,844  *  Bonanza Creek Energy, Inc   296,054 
 22,813  *,e  Bristow Group, Inc   75,055 
 44,701  *  C&J Energy Services, Inc   718,345 
 289,557     Cabot Oil & Gas Corp   7,224,447 
 30,783  *  Cactus, Inc   1,010,298 
 55,404  *  California Resources Corp   1,116,391 
 129,423  *  Callon Petroleum Co   1,053,503 
 18,060  *  CARBO Ceramics, Inc   72,782 
 80,848  *  Carrizo Oil & Gas, Inc   992,813 
 158,201  *  Centennial Resource Development, Inc   2,083,507 
 151,392  *  Cheniere Energy, Inc   9,938,885 
 795,491  *,e  Chesapeake Energy Corp   2,267,149 
 1,297,785     Chevron Corp   148,791,050 
 64,892     Cimarex Energy Co   4,888,963 
 70,718  *  Clean Energy Fuels Corp   134,364 
 131,805  *  CNX Resources Corp   1,600,113 
 129,496  *  Concho Resources, Inc   15,518,801 
 783,254     ConocoPhillips   53,018,463 
 29,581  *  CONSOL Energy, Inc   1,051,013 
 63,518  *  Continental Resources, Inc   2,932,626 
 18,547  *,e  Covia Holdings Corp   86,800 
 9,366     CVR Energy, Inc   376,045 
 52,925     Delek US Holdings, Inc   1,720,592 
 471,080  *  Denbury Resources, Inc   956,292 
 325,066  *  Devon Energy Corp   8,663,009 
 51,733     DHT Holdings, Inc   209,519 
 38,426  *,e  Diamond Offshore Drilling, Inc   419,996 
 108,617     Diamondback Energy, Inc   11,200,585 
 14,063  *  Dorian LPG Ltd   77,065 
 21,805  *  Dril-Quip, Inc   816,379 
 10,934  *  Earthstone Energy, Inc   65,932 
161

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 56,750  *,e  Eclipse Resources Corp  $65,263 
 61,062  *,e  Energy Fuels, Inc   174,637 
 392,004     EOG Resources, Inc   38,886,797 
 78,177  *  EP Energy Corp   53,895 
 164,687     EQT Corp   3,206,456 
 131,749  *  Equitrans Midstream Corp   2,743,014 
 14,195  *  Era Group, Inc   133,717 
 18,488     Evolution Petroleum Corp   138,105 
 18,645  *  Exterran Corp   323,677 
 137,437  *,e  Extraction Oil & Gas, Inc   541,502 
 2,883,854  d  Exxon Mobil Corp   211,328,821 
 152,912  *  Forum Energy Technologies, Inc   750,798 
 29,896  *,e  Frank’s International NV   170,108 
 46,501  *,e  Frontline Ltd   239,480 
 58,721  *  FTS International, Inc   478,576 
 30,698     GasLog Ltd   550,415 
 55,223     Golar LNG Ltd   1,229,816 
 53,948     Green Plains Renewable Energy, Inc   766,601 
 151,931  *  Gulfport Energy Corp   1,274,701 
 109,060  *,e  Halcon Resources Corp   178,858 
 7,725     Hallador Energy Co   43,762 
 574,588     Halliburton Co   18,019,080 
 91,452  *  Helix Energy Solutions Group, Inc   624,617 
 81,422     Helmerich & Payne, Inc   4,558,818 
 167,984     Hess Corp   9,071,136 
 71,409  *  HighPoint Resources Corp   199,945 
 102,198     HollyFrontier Corp   5,757,835 
 25,299  *  Independence Contract Drilling, Inc   86,523 
 15,991  *  International Seaways, Inc   289,757 
 6,641  *  ION Geophysical Corp   59,570 
 330  *  Isramco, Inc   36,729 
 71,467  *,e  Jagged Peak Energy, Inc   752,548 
 31,781  *  Keane Group, Inc   320,352 
 8,052  *,e  Key Energy Services, Inc   13,447 
 1,277,220     Kinder Morgan, Inc   23,117,682 
 29,441  *  KLX Energy Services Holdings, Inc   767,232 
 192,581  *  Kosmos Energy Ltd   987,941 
 107,858  *  Laredo Petroleum Holdings, Inc   409,860 
 25,902  e  Liberty Oilfield Services, Inc   393,969 
 49,733  *,e  Lilis Energy, Inc   107,921 
 4,924     Mammoth Energy Services, Inc   108,968 
 528,921     Marathon Oil Corp   8,351,663 
 457,373     Marathon Petroleum Corp   30,305,535 
 62,707  *  Matador Resources Co   1,222,787 
 14,345  *  Matrix Service Co   307,700 
 116,722  *  McDermott International, Inc   1,029,488 
 6,168  *  Midstates Petroleum Co, Inc   59,706 
 101,158     Murphy Oil Corp   2,766,671 
 287,438     Nabors Industries Ltd   850,817 
 256,310     National Oilwell Varco, Inc   7,556,019 
 6,426  *  Natural Gas Services Group, Inc   106,093 
 6,147  *,e  NCS Multistage Holdings, Inc   34,792 
 152,775  *  Newfield Exploration Co   2,792,727 
162

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 50,833  *  Newpark Resources, Inc  $422,422 
 19,146  *  Nine Energy Service, Inc   459,121 
 172,789  *  Noble Corp plc   570,204 
 316,714     Noble Energy, Inc   7,075,391 
 59,980  e  Nordic American Tanker Shipping   122,959 
 119,373  *  Northern Oil And Gas, Inc   302,014 
 173,342  *  Oasis Petroleum, Inc   1,043,519 
 517,350     Occidental Petroleum Corp   34,548,633 
 56,126  *  Oceaneering International, Inc   880,617 
 37,144  *  Oil States International, Inc   639,620 
 279,941     ONEOK, Inc   17,975,012 
 25,842  *  Overseas Shipholding Group, Inc   46,774 
 9,875     Panhandle Oil and Gas, Inc (Class A)   158,000 
 18,063  *  Par Pacific Holdings, Inc   293,704 
 190,516  *  Parsley Energy, Inc   3,539,787 
 134,449     Patterson-UTI Energy, Inc   1,630,866 
 84,347     PBF Energy, Inc   3,088,787 
 40,863  *  PDC Energy, Inc   1,330,908 
 49,634     Peabody Energy Corp   1,771,934 
 8,042  *  Penn Virginia Corp   421,883 
 4,877  *,e  PHI, Inc   15,997 
 283,548     Phillips 66   27,053,315 
 50,977  *  Pioneer Energy Services Corp   75,446 
 115,199     Pioneer Natural Resources Co   16,395,122 
 41,906  *  ProPetro Holding Corp   684,744 
 153,931  *  Questar Market Resources, Inc   1,273,009 
 134,853     Range Resources Corp   1,487,429 
 23,028  *  Renewable Energy Group, Inc   665,509 
 15,928  *,e  Resolute Energy Corp   521,323 
 3,133  *  Rex American Resources Corp   228,490 
 9,218  *  RigNet, Inc   123,152 
 61,419  *  Ring Energy, Inc   361,144 
 67,519  *  Rowan Cos plc   823,057 
 34,279  e  RPC, Inc   369,870 
 21,991  *  SandRidge Energy, Inc   182,305 
 940,452     Schlumberger Ltd   41,577,383 
 45,437     Scorpio Tankers, Inc   851,035 
 19,352  *  SEACOR Holdings, Inc   800,979 
 8,251  *  SEACOR Marine Holdings, Inc   109,326 
 51,332  *  Select Energy Services, Inc   436,322 
 84,693     SemGroup Corp   1,356,782 
 89,233     Ship Finance International Ltd   1,085,073 
 3,507  *  SilverBow Resources, Inc   85,255 
 70,325     SM Energy Co   1,379,777 
 15,317  *,e  Smart Sand, Inc   38,905 
 14,432  e  Solaris Oilfield Infrastructure, Inc   217,057 
 372,511  *  Southwestern Energy Co   1,627,873 
 154,864  *  SRC Energy, Inc   761,931 
 101,192  *  Superior Energy Services   395,661 
 11,179  *  Talos Energy, Inc   213,519 
 150,350     Targa Resources Investments, Inc   6,466,554 
 32,401  e  Teekay Corp   113,728 
163

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 105,010     Teekay Tankers Ltd (Class A)  $105,010 
 110,593  *,e  Tellurian, Inc   1,105,930 
 74,342  *  Tetra Technologies, Inc   158,348 
 14,809  *  Tidewater, Inc   318,690 
 330,316  *  Transocean Ltd (NYSE)   2,830,808 
 36,658  *  Unit Corp   585,062 
 75,588  *,e  Uranium Energy Corp   98,264 
 84,372  e  US Silica Holdings Inc   1,137,335 
 285,069     Valero Energy Corp   25,034,760 
 62,041  *  W&T Offshore, Inc   312,687 
 57,408  *  Whiting Petroleum Corp   1,643,591 
 28,283  *  WildHorse Resource Development Corp   479,963 
 828,911     Williams Cos, Inc   22,322,573 
 62,394     World Fuel Services Corp   1,552,987 
 240,446  *  WPX Energy, Inc   2,947,868 
       TOTAL ENERGY   946,777,233 
             
FOOD & STAPLES RETAILING - 1.3%     
 15,325     Andersons, Inc   537,141 
 23,087     Casey’s General Stores, Inc   2,970,835 
 10,609  *  Chefs’ Warehouse Holdings, Inc   340,761 
 298,143     Costco Wholesale Corp   63,990,432 
 8,756     Ingles Markets, Inc (Class A)   249,896 
 540,598     Kroger Co   15,315,141 
 10,727  *  Natural Grocers by Vitamin C   146,531 
 71,924  *  Performance Food Group Co   2,456,924 
 14,066     Pricesmart, Inc   861,543 
 698,342  *,e  Rite Aid Corp   560,978 
 16,561  *  Smart & Final Stores, Inc   99,863 
 22,179     Spartan Stores, Inc   460,214 
 94,195  *  Sprouts Farmers Market, Inc   2,258,796 
 321,937     Sysco Corp   20,555,678 
 58,226  *  United Natural Foods, Inc   762,761 
 146,623  *  US Foods Holding Corp   4,944,128 
 4,388     Village Super Market (Class A)   117,993 
 553,327     Walgreens Boots Alliance, Inc   39,983,409 
 974,529     Walmart, Inc   93,389,114 
 8,321     Weis Markets, Inc   403,735 
       TOTAL FOOD & STAPLES RETAILING   250,405,873 
             
FOOD, BEVERAGE & TOBACCO - 3.5%     
 72,443  *,e  22nd Century Group, Inc   162,272 
 1,515     Alico, Inc   44,844 
 1,282,115     Altria Group, Inc   63,272,375 
 381,421     Archer Daniels Midland Co   17,125,803 
 58,108  e  B&G Foods, Inc (Class A)   1,549,159 
 5,117  *  Boston Beer Co, Inc (Class A)   1,274,952 
 35,445     Brown-Forman Corp   1,666,978 
 196,792     Brown-Forman Corp (Class B)   9,298,422 
 100,045     Bunge Ltd   5,509,478 
 14,630     Calavo Growers, Inc   1,190,297 
 29,725     Cal-Maine Foods, Inc   1,253,800 
164

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 124,432     Campbell Soup Co  $4,408,626 
 46,222  *,e  Castle Brands, Inc   39,071 
 2,543     Coca-Cola Bottling Co Consolidated   548,779 
 2,616,911     Coca-Cola Co   125,951,927 
 321,439     ConAgra Brands, Inc   6,955,940 
 105,102     Constellation Brands, Inc (Class A)   18,252,013 
 8,095  *  Craft Brewers Alliance, Inc   133,244 
 119,696  *  Darling International, Inc   2,545,934 
 99,683     Dean Foods Co   415,678 
 6,646  *  Farmer Bros Co   163,492 
 124,029     Flowers Foods, Inc   2,438,410 
 21,115     Fresh Del Monte Produce, Inc   675,258 
 13,444  *  Freshpet, Inc   483,581 
 394,548     General Mills, Inc   17,533,713 
 62,127  *  Hain Celestial Group, Inc   1,138,788 
 93,503     Hershey Co   9,920,668 
 184,393     Hormel Foods Corp   7,803,512 
 60,532  *  Hostess Brands, Inc   695,513 
 46,039     Ingredion, Inc   4,557,861 
 9,835     J&J Snack Foods Corp   1,518,032 
 72,977     J.M. Smucker Co   7,653,828 
 5,079     John B. Sanfilippo & Son, Inc   346,642 
 166,958     Kellogg Co   9,852,192 
 125,943     Keurig Dr Pepper, Inc   3,428,168 
 395,826     Kraft Heinz Co   19,023,398 
 101,802     Lamb Weston Holdings, Inc   7,360,285 
 12,424     Lancaster Colony Corp   1,976,286 
 14,640  *  Landec Corp   185,782 
 10,216     Limoneira Co   225,058 
 82,694     McCormick & Co, Inc   10,224,286 
 7,667  e  MGP Ingredients, Inc   550,414 
 116,597     Molson Coors Brewing Co (Class B)   7,766,526 
 979,395     Mondelez International, Inc   45,306,813 
 264,967  *  Monster Beverage Corp   15,166,711 
 13,534     National Beverage Corp   1,134,691 
 966,511     PepsiCo, Inc   108,896,794 
 1,056,965     Philip Morris International, Inc   81,090,355 
 30,848  *  Pilgrim’s Pride Corp   624,980 
 40,253  *  Post Holdings, Inc   3,736,283 
 24,294  *  Primo Water Corp   316,551 
 12,701     Sanderson Farms, Inc   1,563,493 
 208     Seaboard Corp   803,747 
 4,092  *  Seneca Foods Corp   117,031 
 62,229  *  Simply Good Foods Co   1,231,512 
 16,692  e  Tootsie Roll Industries, Inc   578,378 
 41,423  *  TreeHouse Foods, Inc   2,417,446 
 2,699     Turning Point Brands, Inc   95,572 
 197,608     Tyson Foods, Inc (Class A)   12,235,887 
 15,925     Universal Corp   918,873 
 103,921     Vector Group Ltd   1,143,131 
       TOTAL FOOD, BEVERAGE & TOBACCO   654,499,533 
165

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
HEALTH CARE EQUIPMENT & SERVICES - 6.4%     
 1,166,439     Abbott Laboratories  $85,126,718 
 29,187  *  Abiomed, Inc   10,246,680 
 61,947  *  Acadia Healthcare Co, Inc   1,694,870 
 77,257  *  Accuray, Inc   339,931 
 4,902  *  Addus HomeCare Corp   294,855 
 52,444  *  Align Technology, Inc   13,055,934 
 103,626  *  Allscripts Healthcare Solutions, Inc   1,221,751 
 16,618  *  Amedisys, Inc   2,179,617 
 7,363  *  American Renal Associates Holdings, Inc   89,240 
 105,839     AmerisourceBergen Corp   8,823,797 
 29,960  *  AMN Healthcare Services, Inc   1,941,108 
 21,854  *  Angiodynamics, Inc   461,119 
 8,514  *  Anika Therapeutics, Inc   323,447 
 77,964  *,e  Antares Pharma, Inc   235,451 
 177,527     Anthem, Inc   53,790,681 
 15,363  *,e  Apollo Medical Holdings, Inc   300,039 
 26,234  *  athenahealth, Inc   3,534,769 
 18,566  *  AtriCure, Inc   574,618 
 895     Atrion Corp   667,527 
 26,925  *  Avanos Medical, Inc   1,226,434 
 20,702  *  AxoGen, Inc   341,583 
 338,832     Baxter International, Inc   24,561,932 
 182,142     Becton Dickinson & Co   45,437,143 
 66,882  *  BioScrip, Inc   242,782 
 23,156  *  BioTelemetry, Inc   1,663,064 
 939,543  *  Boston Scientific Corp   35,843,565 
 119,686  *  Brookdale Senior Living, Inc   975,441 
 26,893     Cantel Medical Corp   2,189,628 
 20,362  *  Capital Senior Living Corp   141,923 
 197,311     Cardinal Health, Inc   9,859,631 
 18,177  *  Cardiovascular Systems, Inc   565,850 
 40,860  *  Castlight Health, Inc   121,354 
 138,489  *  Centene Corp   18,082,509 
 214,881  *  Cerner Corp   11,799,116 
 65,503  *  Cerus Corp   390,398 
 10,737     Chemed Corp   3,198,982 
 253,811     Cigna Corp   50,713,976 
 8,965  *  Civitas Solutions, Inc   158,949 
 6,695     Computer Programs & Systems, Inc   175,677 
 22,398     Conmed Corp   1,575,699 
 31,798     Cooper Cos, Inc   8,864,010 
 6,367  *  Corvel Corp   397,746 
 21,782  *  Cross Country Healthcare, Inc   209,761 
 17,940  *  CryoLife, Inc   500,705 
 15,737  *,e  CryoPort, Inc   165,081 
 7,473  *  Cutera, Inc   107,312 
 878,283     CVS Health Corp   57,571,451 
 18,074  *,e  CytoSorbents Corp   135,374 
 425,005     Danaher Corp   47,141,555 
 85,619  *  DaVita, Inc   4,805,794 
 153,876     Dentsply Sirona, Inc   6,455,098 
 60,482  *  DexCom, Inc   8,529,776 
166

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 34,395  *  Diplomat Pharmacy, Inc  $498,728 
 143,729  *  Edwards Lifesciences Corp   24,494,296 
 67,146     Encompass Health Corp   4,488,039 
 33,005     Ensign Group, Inc   1,438,028 
 41,391  *  Evolent Health, Inc   731,793 
 3,368  *  FONAR Corp   74,433 
 27,674  *  Genesis Health Care, Inc   43,448 
 28,490  *  GenMark Diagnostics, Inc   189,174 
 29,323  *  Glaukos Corp   1,870,514 
 43,981  *  Globus Medical, Inc   1,981,344 
 8,062  *  Guardant Health, Inc   325,221 
 32,599  *  Haemonetics Corp   3,224,367 
 184,446     HCA Holdings, Inc   25,717,306 
 37,490  *  HealthEquity, Inc   2,337,127 
 15,201     HealthStream, Inc   382,457 
 104,292  *  Henry Schein, Inc   8,103,488 
 3,685  *  Heska Corp   363,341 
 45,033     Hill-Rom Holdings, Inc   4,504,201 
 62,465  *  HMS Holdings Corp   1,873,325 
 177,446  *  Hologic, Inc   7,878,602 
 92,238     Humana, Inc   28,500,620 
 9,614  *  ICU Medical, Inc   2,391,963 
 56,612  *  IDEXX Laboratories, Inc   12,045,901 
 10,894  *  Inogen Inc   1,647,282 
 36,039  *,e  Inovalon Holdings, Inc   514,997 
 16,460  *  Inspire Medical Systems, Inc   882,750 
 38,908  *  Insulet Corp   3,158,941 
 18,994  *  Integer Holding Corp   1,538,324 
 44,697  *  Integra LifeSciences Holdings Corp   2,116,850 
 13,407  *  IntriCon Corp   347,509 
 76,250  *  Intuitive Surgical, Inc   39,927,550 
 22,488     Invacare Corp   115,588 
 14,733  *  iRhythm Technologies, Inc   1,252,305 
 65,588  *  Laboratory Corp of America Holdings   9,139,688 
 18,561  *  Lantheus Holdings, Inc   312,196 
 8,165     LeMaitre Vascular, Inc   194,654 
 18,883  *  LHC Group, Inc   1,996,500 
 35,125  *  LivaNova plc   3,242,740 
 15,248  *  Magellan Health Services, Inc   993,560 
 32,368  *  Masimo Corp   4,026,256 
 131,987     McKesson Corp   16,927,333 
 35,574  *  Medidata Solutions, Inc   2,524,331 
 63,563  *  MEDNAX, Inc   2,295,260 
 921,887     Medtronic plc   81,485,592 
 23,233     Meridian Bioscience, Inc   380,789 
 37,595  *  Merit Medical Systems, Inc   2,125,245 
 42,449  *  Molina Healthcare, Inc   5,644,868 
 6,667     National Healthcare Corp   535,560 
 5,812     National Research Corp   232,364 
 18,296  *  Natus Medical, Inc   617,307 
 35,686  *  Neogen Corp   2,173,634 
 21,357  *  Nevro Corp   1,037,096 
167

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 29,806  *  NextGen Healthcare, Inc  $526,970 
 57,177  *  Novocure Ltd   2,801,673 
 37,042  *  NuVasive, Inc   1,857,286 
 8,820  *  Nuvectra Corp   123,480 
 54,844  *  NxStage Medical, Inc   1,594,315 
 28,911  *  Omnicell, Inc   1,882,973 
 32,080  *  OraSure Technologies, Inc   412,228 
 10,157  *  Orthofix International NV   549,595 
 66,635     Owens & Minor, Inc   504,427 
 12,005  *  Oxford Immunotec Global plc   174,553 
 47,253  e  Patterson Cos, Inc   1,053,269 
 20,942  *  Penumbra, Inc   3,047,270 
 18,443  *,e  PetIQ, Inc   561,036 
 47,341  *  Premier, Inc   1,883,698 
 7,425  *  Providence Service Corp   476,240 
 6,289  *,e  Pulse Biosciences, Inc   84,021 
 91,361     Quest Diagnostics, Inc   7,980,383 
 30,342  *  Quidel Corp   1,760,746 
 53,906  *  R1 RCM, Inc   437,717 
 19,979  *  RadNet, Inc   272,713 
 96,685     Resmed, Inc   9,201,511 
 28,831  *,e  Rockwell Medical, Inc   89,953 
 21,979  *  RTI Biologics, Inc   96,488 
 90,758  *  Select Medical Holdings Corp   1,417,640 
 157,592  *,e  Senseonics Holdings, Inc   395,556 
 7,713  *,e  SI-BONE, Inc   138,680 
 15,116  *  Sientra, Inc   168,090 
 5,738     Simulations Plus, Inc   110,514 
 26,702  *  Staar Surgical Co   954,062 
 58,868     STERIS Plc   6,714,484 
 234,068     Stryker Corp   41,563,455 
 22,774  *,e  Surgery Partners, Inc   297,884 
 7,753  *  SurModics, Inc   444,014 
 11,232  *  Tabula Rasa HealthCare, Inc   677,065 
 16,440  *,e  Tactile Systems Technology, Inc   1,094,575 
 44,575  *  Tandem Diabetes Care, Inc   1,938,121 
 40,695  *,e  Teladoc, Inc   2,612,619 
 30,463     Teleflex, Inc   8,331,631 
 55,845  *  Tenet Healthcare Corp   1,228,032 
 36,164  *  Tivity Health, Inc   805,011 
 296,193  *,e  TransEnterix, Inc   805,645 
 13,217  *  Triple-S Management Corp (Class B)   266,455 
 654,561     UnitedHealth Group, Inc   176,862,382 
 54,339     Universal Health Services, Inc (Class B)   7,201,548 
 11,772     US Physical Therapy, Inc   1,246,537 
 1,407     Utah Medical Products, Inc   132,174 
 21,473  *  Varex Imaging Corp   611,766 
 62,851  *  Varian Medical Systems, Inc   8,298,218 
 82,667  *  Veeva Systems, Inc   9,015,663 
 37,597  *,e  ViewRay, Inc   270,322 
 20,004  *  Vocera Communications, Inc   816,563 
 33,522  *  WellCare Health Plans, Inc   9,268,163 
 49,079     West Pharmaceutical Services, Inc   5,313,783 
168

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 92,225  *  Wright Medical Group NV  $2,751,994 
 140,818     Zimmer Biomet Holdings, Inc   15,428,020 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   1,194,449,447 
             
HOUSEHOLD & PERSONAL PRODUCTS - 1.6%     
 5,838  *,e  Central Garden & Pet Co   228,908 
 20,082  *  Central Garden and Pet Co (Class A)   715,321 
 163,664     Church & Dwight Co, Inc   10,574,331 
 84,623     Clorox Co   12,556,361 
 587,305     Colgate-Palmolive Co   37,986,887 
 302,795     Coty, Inc   2,349,689 
 46,791  *  Edgewell Personal Care Co   1,845,905 
 43,716  *,e  elf Beauty, Inc   367,214 
 45,649     Energizer Holdings, Inc   2,163,763 
 143,032     Estee Lauder Cos (Class A)   19,512,425 
 81,475  *  Herbalife Ltd   4,864,058 
 10,188     Inter Parfums, Inc   677,094 
 234,528     Kimberly-Clark Corp   26,121,729 
 7,034     Medifast, Inc   895,006 
 3,562  e  Natural Health Trends Corp   58,381 
 3,667  *  Nature’s Sunshine Products, Inc   29,336 
 36,581     Nu Skin Enterprises, Inc (Class A)   2,401,543 
 2,427     Oil-Dri Corp of America   64,413 
 1,697,314     Procter & Gamble Co   163,739,882 
 7,650  *,e  Revlon, Inc (Class A)   200,430 
 36,491     Spectrum Brands Holdings, Inc   2,039,117 
 10,892  *  USANA Health Sciences, Inc   1,275,453 
 8,963     WD-40 Co   1,629,025 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   292,296,271 
             
INSURANCE - 4.1%     
 527,831     Aflac, Inc   25,177,539 
 9,633     Alleghany Corp   6,083,817 
 235,170     Allstate Corp   20,664,388 
 25,630  *  AMBAC Financial Group, Inc   484,920 
 64,678     American Equity Investment Life Holding Co   2,025,715 
 50,048     American Financial Group, Inc   4,774,079 
 609,526     American International Group, Inc   26,349,809 
 5,833     American National Insurance Co   811,895 
 10,952     Amerisafe, Inc   650,658 
 165,290     Aon plc   25,823,257 
 255,503  *  Arch Capital Group Ltd   7,499,013 
 27,532     Argo Group International Holdings Ltd   1,837,486 
 118,037     Arthur J. Gallagher & Co   8,818,544 
 45,148     Aspen Insurance Holdings Ltd   1,884,026 
 36,896     Assurant, Inc   3,556,405 
 67,712     Assured Guaranty Ltd   2,746,399 
 108,799  *  Athene Holding Ltd   4,667,477 
 56,271     Axis Capital Holdings Ltd   3,013,312 
 1,324,349  *  Berkshire Hathaway, Inc (Class B)   272,206,693 
 75,046  *  Brighthouse Financial, Inc   2,802,218 
169

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 158,594     Brown & Brown, Inc  $4,307,413 
 313,930     Chubb Ltd   41,768,386 
 102,334     Cincinnati Financial Corp   8,301,334 
 30,580  *,e  Citizens, Inc (Class A)   216,812 
 29,299     CNA Financial Corp   1,343,652 
 95,976     Conseco, Inc   1,716,051 
 5,206     Crawford & Co (Class B)   50,238 
 3,298     Donegal Group, Inc (Class A)   43,435 
 21,546  *  eHealth, Inc   1,317,753 
 4,497     EMC Insurance Group, Inc   147,861 
 29,800     Employers Holdings, Inc   1,262,626 
 7,413  *  Enstar Group Ltd   1,319,514 
 18,500     Erie Indemnity Co (Class A)   2,708,030 
 27,789     Everest Re Group Ltd   6,087,180 
 6,784     FBL Financial Group, Inc (Class A)   476,372 
 5,573     FedNat Holding Co   100,927 
 75,141     First American Financial Corp   3,763,061 
 179,551     FNF Group   6,492,564 
 422,628  *  Genworth Financial, Inc (Class A)   2,045,520 
 4,548     Global Indemnity Ltd   149,629 
 5,733  *,e  Goosehead Insurance, Inc   164,766 
 25,461  *  Greenlight Capital Re Ltd (Class A)   264,031 
 5,450  *  Hallmark Financial Services   52,865 
 29,697     Hanover Insurance Group, Inc   3,386,646 
 243,702     Hartford Financial Services Group, Inc   11,434,498 
 4,292     HCI Group, Inc   203,355 
 8,315  *,e  Health Insurance Innovations, Inc   318,797 
 16,420     Heritage Insurance Holdings, Inc   238,418 
 36,897     Horace Mann Educators Corp   1,536,760 
 2,693     Independence Holding Co   96,302 
 714     Investors Title Co   123,329 
 14,513     James River Group Holdings Ltd   559,766 
 36,977     Kemper Corp   2,779,931 
 5,257     Kingstone Cos, Inc   86,478 
 11,675     Kinsale Capital Group, Inc   677,150 
 134,632     Lincoln National Corp   7,874,626 
 184,673     Loews Corp   8,845,837 
 42,125     Maiden Holdings Ltd   54,341 
 9,299  *  Markel Corp   9,796,589 
 347,464     Marsh & McLennan Cos, Inc   30,642,850 
 109,955  *  MBIA, Inc   1,056,668 
 25,085     Mercury General Corp   1,296,895 
 579,497     Metlife, Inc   26,465,628 
 36,305     National General Holdings Corp   876,766 
 1,316     National Western Life Group, Inc   399,143 
 12,593     Navigators Group, Inc   878,991 
 5,460  *  NI Holdings, Inc   81,900 
 171,454     Old Republic International Corp   3,454,798 
 27,823     Primerica, Inc   3,126,471 
 183,183     Principal Financial Group   9,171,973 
 43,085     ProAssurance Corp   1,838,006 
 395,685     Progressive Corp   26,625,644 
 3,561     Protective Insurance Corp   65,629 
170

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 282,596     Prudential Financial, Inc  $26,038,395 
 39,219     Reinsurance Group of America, Inc (Class A)   5,665,185 
 26,199     RenaissanceRe Holdings Ltd   3,616,248 
 29,104     RLI Corp   1,921,155 
 8,764     Safety Insurance Group, Inc   721,365 
 42,986     Selective Insurance Group, Inc   2,618,707 
 8,438     State Auto Financial Corp   286,892 
 23,986     Stewart Information Services Corp   1,066,178 
 62,056  *  Third Point Reinsurance Ltd   652,209 
 13,470     Tiptree Financial, Inc   80,147 
 69,898     Torchmark Corp   5,854,656 
 178,297     Travelers Cos, Inc   22,383,405 
 26,523  *,e  Trupanion, Inc   704,186 
 12,504     United Fire & Casualty Co   650,208 
 11,214     United Insurance Holdings Corp   183,012 
 19,741     Universal Insurance Holdings, Inc   744,631 
 132,877     UnumProvident Corp   4,618,805 
 63,144     W.R. Berkley Corp   4,855,142 
 2,161     White Mountains Insurance Group Ltd   1,931,026 
 88,233     Willis Towers Watson plc   14,363,450 
       TOTAL INSURANCE   758,926,857 
             
MATERIALS - 3.0%     
 16,652  *  A Schulman, Inc   31,805 
 13,762  e  Advanced Emissions Solutions, Inc   155,924 
 30,986  *  AdvanSix, Inc   980,397 
 15,502  *,e  AgroFresh Solutions, Inc   62,318 
 151,671     Air Products & Chemicals, Inc   24,933,196 
 205,145  *,e  AK Steel Holding Corp   605,178 
 70,819     Albemarle Corp   5,717,218 
 134,964  *  Alcoa Corp   4,005,732 
 77,659  *  Allegheny Technologies, Inc   2,127,080 
 16,190     American Vanguard Corp   283,649 
 22,879  *,e  Amyris, Inc   77,560 
 45,569     Aptargroup, Inc   4,516,799 
 15,791     Ardagh Group S.A.   191,387 
 35,936     Ashland Global Holdings, Inc   2,727,542 
 56,926     Avery Dennison Corp   5,945,921 
 139,288  *  Axalta Coating Systems Ltd   3,568,559 
 19,658     Balchem Corp   1,632,007 
 225,297     Ball Corp   11,778,527 
 65,745     Bemis Co, Inc   3,210,986 
 83,308  *  Berry Plastics Group, Inc   4,102,919 
 21,980     Boise Cascade Co   603,791 
 46,783     Cabot Corp   2,193,655 
 36,129     Carpenter Technology Corp   1,707,457 
 83,872     Celanese Corp (Series A)   8,031,583 
 36,542  *  Century Aluminum Co   336,186 
 151,194     CF Industries Holdings, Inc   6,599,618 
 4,273     Chase Corp   430,804 
 112,161     Chemours Co   4,009,756 
 8,677  *  Clearwater Paper Corp   292,588 
171

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 191,026  e  Cleveland-Cliffs, Inc  $2,045,888 
 167,855  *  Coeur Mining, Inc   864,453 
 66,633     Commercial Metals Co   1,162,746 
 31,429     Compass Minerals International, Inc   1,642,165 
 88,762  *  Crown Holdings, Inc   4,526,862 
 35,790     Domtar Corp   1,678,551 
 1,568,191     DowDuPont, Inc   84,384,358 
 32,598     Eagle Materials, Inc   2,314,458 
 94,831     Eastman Chemical Co   7,645,275 
 175,545     Ecolab, Inc   27,765,953 
 128,955  *  Element Solutions Inc   1,449,454 
 72,672  *  Ferro Corp   1,211,442 
 48,283  *  Ferroglobe plc   0 
 36,699  *  Flotek Industries, Inc   93,949 
 91,936     FMC Corp   7,336,493 
 998,655     Freeport-McMoRan Copper & Gold, Inc (Class B)   11,624,344 
 15,859  *  FutureFuel Corp   290,378 
 42,525  *  GCP Applied Technologies, Inc   1,071,630 
 32,953  *  Gold Resource Corp   147,959 
 187,144     Graphic Packaging Holding Co   2,258,828 
 3,341     Greif, Inc   150,846 
 14,789     Greif, Inc (Class A)   576,771 
 28,896     H.B. Fuller Co   1,427,173 
 5,224     Hawkins, Inc   216,744 
 6,888     Haynes International, Inc   225,926 
 310,426     Hecla Mining Co   838,150 
 135,308     Huntsman Corp   2,972,717 
 30,404  *  Ingevity Corp   2,860,104 
 10,724     Innophos Holdings, Inc   320,648 
 13,629     Innospec, Inc   957,710 
 67,173     International Flavors & Fragrances, Inc   9,523,788 
 271,505     International Paper Co   12,877,482 
 58,154  *  Intrepid Potash, Inc   180,859 
 14,606     Kaiser Aluminum Corp   1,466,004 
 11,753  *  Koppers Holdings, Inc   267,851 
 17,111  *  Kraton Polymers LLC   482,530 
 17,013     Kronos Worldwide, Inc   224,061 
 377,037     Linde plc   61,460,801 
 34,508  *,e  Livent Corp   436,871 
 83,545     Louisiana-Pacific Corp   2,036,827 
 28,845  *  LSB Industries, Inc   214,895 
 209,974     LyondellBasell Industries AF S.C.A   18,261,439 
 38,840     Martin Marietta Materials, Inc   6,862,251 
 20,875     Materion Corp   979,664 
 30,127     Minerals Technologies, Inc   1,764,538 
 233,241     Mosaic Co   7,529,020 
 23,197     Myers Industries, Inc   377,183 
 14,710     Neenah Paper, Inc   1,024,846 
 5,902     NewMarket Corp   2,367,233 
 345,957     Newmont Mining Corp   11,800,593 
 215,124     Nucor Corp   13,174,194 
 110,834     Olin Corp   2,616,791 
 5,433     Olympic Steel, Inc   104,694 
172

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 22,913  *  Omnova Solutions, Inc  $204,155 
 96,468     Owens-Illinois, Inc   1,936,113 
 59,515     Packaging Corp of America   5,613,455 
 23,735     PH Glatfelter Co   303,333 
 63,916     PolyOne Corp   2,068,961 
 164,435     PPG Industries, Inc   17,338,026 
 16,888  *  PQ Group Holdings, Inc   254,164 
 9,480     Quaker Chemical Corp   1,938,281 
 6,364  *  Ramaco Resources, Inc   38,566 
 47,440     Rayonier Advanced Materials, Inc   686,931 
 46,436     Reliance Steel & Aluminum Co   3,802,180 
 45,224     Royal Gold, Inc   3,951,221 
 83,743     RPM International, Inc   4,786,750 
 10,810  *  Ryerson Holding Corp   75,994 
 14,837     Schnitzer Steel Industries, Inc (Class A)   359,055 
 21,442     Schweitzer-Mauduit International, Inc   687,431 
 25,115     Scotts Miracle-Gro Co (Class A)   1,867,300 
 103,828     Sealed Air Corp   4,101,206 
 33,065     Sensient Technologies Corp   2,075,821 
 56,295     Sherwin-Williams Co   23,729,468 
 62,594     Silgan Holdings, Inc   1,728,846 
 68,597     Sonoco Products Co   3,949,815 
 56,425     Southern Copper Corp (NY)   1,897,009 
 138,708     Steel Dynamics, Inc   5,075,326 
 18,001     Stepan Co   1,582,828 
 104,994  *  Summit Materials, Inc   1,602,208 
 35,638  *  SunCoke Energy, Inc   400,571 
 208,358  *  Tahoe Resources, Inc   789,677 
 27,146  *  TimkenSteel Corp   345,569 
 8,363  *  Trecora Resources   72,507 
 14,895     Tredegar Corp   242,937 
 27,387     Trinseo S.A.   1,343,332 
 59,635     Tronox Ltd   522,403 
 2,989  *  UFP Technologies, Inc   98,637 
 765     United States Lime & Minerals, Inc   52,793 
 111,376     United States Steel Corp   2,510,415 
 10,690  *  US Concrete, Inc   380,564 
 19,740     Valhi, Inc   65,734 
 139,656     Valvoline, Inc   3,087,794 
 27,564  *  Verso Corp   680,004 
 85,308     Vulcan Materials Co   8,671,558 
 45,953     Warrior Met Coal, Inc   1,320,230 
 28,248     Westlake Chemical Corp   2,087,527 
 184,046     WestRock Co   7,492,513 
 25,693  *  Worthington Industries, Inc   969,397 
 40,081     WR Grace and Co   2,846,152 
       TOTAL MATERIALS   552,591,289 
             
MEDIA & ENTERTAINMENT - 7.4%     
 508,412     Activision Blizzard, Inc   24,017,383 
 203,940  *  Alphabet, Inc (Class A)   229,614,007 
 207,933  *  Alphabet, Inc (Class C)   232,130,163 
173

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 32,802  e  AMC Entertainment Holdings, Inc  $480,549 
 31,079  *  AMC Networks, Inc   1,956,112 
 2,685     Cable One, Inc   2,374,453 
 8,556  *  Care.com, Inc   203,376 
 30,233  *  Cargurus, Inc   1,293,065 
 40,872  *  Cars.com, Inc   1,116,214 
 214,437     CBS Corp (Class B)   10,606,054 
 42,955  *  Central European Media Enterprises Ltd (Class A) (NASDAQ)   129,295 
 118,788  *  Charter Communications, Inc   39,324,767 
 73,668     Cinemark Holdings, Inc   3,014,495 
 41,313  *  Clear Channel Outdoor Holdings, Inc (Class A)   230,113 
 3,120,321     Comcast Corp (Class A)   114,110,139 
 430  *,e  Daily Journal Corp   95,077 
 95,570  *,e  Discovery, Inc (Class A)   2,712,277 
 235,870  *  Discovery, Inc (Class C)   6,285,936 
 155,886  *  DISH Network Corp (Class A)   4,781,024 
 199,129  *  Electronic Arts, Inc   18,367,659 
 10,428     Emerald Expositions Events, Inc   148,078 
 147,439     Entercom Communications Corp (Class A)   1,080,728 
 39,200     Entravision Communications Corp (Class A)   154,448 
 15,307  *,e  Eros International plc   145,876 
 33,061     EW Scripps Co (Class A)   620,886 
 1,620,251  *  Facebook, Inc   270,079,639 
 12,801  *  Fluent, Inc   60,421 
 121,803     Gannett Co, Inc   1,350,795 
 64,939  *  GCI Liberty, Inc   3,305,395 
 64,493  *  Glu Mobile, Inc   628,162 
 76,684  *  Gray Television, Inc   1,281,390 
 8,609  *  Hemisphere Media Group, Inc   114,155 
 51,592  *  IAC/InterActiveCorp   10,900,358 
 58,238  *  Imax Corp   1,209,603 
 273,233     Interpublic Group of Cos, Inc   6,216,051 
 37,914     John Wiley & Sons, Inc (Class A)   1,963,187 
 6,199  *  Liberty Braves Group (Class A)   168,241 
 25,562  *  Liberty Braves Group (Class C)   689,152 
 14,538  *  Liberty Broadband Corp (Class A)   1,232,386 
 72,401  *  Liberty Broadband Corp (Class C)   6,155,533 
 69,901  *  Liberty Latin America Ltd   1,221,869 
 26,301  *  Liberty Latin America Ltd (Class A)   458,558 
 14,697  *  Liberty Media Group (Class A)   449,728 
 125,733  *  Liberty Media Group (Class C)   3,944,244 
 54,500  *  Liberty SiriusXM Group (Class A)   2,168,010 
 108,064  *  Liberty SiriusXM Group (Class C)   4,318,237 
 39,543  *  Liberty TripAdvisor Holdings, Inc   658,786 
 29,548  e  Lions Gate Entertainment Corp (Class A)   542,797 
 62,025  e  Lions Gate Entertainment Corp (Class B)   1,087,298 
 98,001  *  Live Nation, Inc   5,244,034 
 16,831  *,e  LiveXLive Media, Inc   102,501 
 8,869  *  Loral Space & Communications, Inc   320,260 
 11,627  *  Madison Square Garden Co   3,231,143 
 10,750     Marcus Corp   479,128 
 32,025     Match Group, Inc   1,713,017 
 31,081  *  MDC Partners, Inc   92,311 
174

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 35,850  *  Meet Group, Inc  $207,213 
 22,587  e  Meredith Corp   1,225,796 
 37,843  *  MSG Networks, Inc   847,683 
 42,675     National CineMedia, Inc   294,884 
 282,656  *  NetFlix, Inc   95,961,712 
 56,663     New Media Investment Group, Inc   774,583 
 94,480     New York Times Co (Class A)   2,429,081 
 272,145     News Corp (Class A)   3,491,620 
 69,125     News Corp (Class B)   893,786 
 25,807     Nexstar Broadcasting Group, Inc (Class A)   2,154,110 
 148,599     Omnicom Group, Inc   11,572,890 
 207,456  *  Pandora Media, Inc   1,738,481 
 51,008  *  QuinStreet, Inc   971,192 
 6,859  *  Reading International, Inc   108,372 
 12,372  *  Rosetta Stone, Inc   187,560 
 1,398     Saga Communications, Inc   47,280 
 15,698     Scholastic Corp   654,450 
 44,983     Sinclair Broadcast Group, Inc (Class A)   1,385,926 
 900,263  e  Sirius XM Holdings, Inc   5,248,533 
 75,538  *  Take-Two Interactive Software, Inc   7,973,036 
 8,199  *  TechTarget, Inc   118,886 
 122,431     TEGNA, Inc   1,437,340 
 59,934     Tribune Co   2,751,570 
 12,348  *  Tribune Publishing Co   147,806 
 74,790  *  TripAdvisor, Inc   4,291,450 
 87,124  *  TrueCar, Inc   817,223 
 710,434     Twenty-First Century Fox, Inc   35,031,501 
 335,973     Twenty-First Century Fox, Inc (Class B)   16,482,835 
 494,861  *  Twitter, Inc   16,607,535 
 8,711  e  Viacom, Inc   298,700 
 241,563     Viacom, Inc (Class B)   7,106,783 
 1,021,639     Walt Disney Co   113,933,181 
 19,514  *  WideOpenWest, Inc   147,526 
 26,840     World Wrestling Entertainment, Inc (Class A)   2,210,006 
 57,350  *  Yelp, Inc   2,088,687 
 34,479  *  Zillow Group, Inc   1,200,214 
 86,550  *  Zillow Group, Inc (Class C)   3,037,040 
 569,004  *  Zynga, Inc   2,549,138 
       TOTAL MEDIA & ENTERTAINMENT   1,374,804,172 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.2%     
 1,033,164     AbbVie, Inc   82,952,738 
 53,224  *,e  Abeona Therapeutics, Inc   361,391 
 81,984  *  Acadia Pharmaceuticals, Inc   1,867,596 
 15,310  *,e  Accelerate Diagnostics, Inc   278,795 
 32,735  *  Acceleron Pharma, Inc   1,387,964 
 32,999  *,e  Achaogen, Inc   49,829 
 66,376  *  Achillion Pharmaceuticals, Inc   145,363 
 12,522  *  Aclaris Therapeutics, Inc   87,278 
 24,842  *  Acorda Therapeutics, Inc   413,122 
 29,270  *,e  Adamas Pharmaceuticals, Inc   263,430 
 24,099  *  Aduro Biotech, Inc   71,815 
175

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 34,109  *  Adverum Biotechnologies, Inc  $108,467 
 22,444  *  Aerie Pharmaceuticals, Inc   1,055,317 
 48,384  *,e  Agenus, Inc   163,054 
 5,663  *,e  AgeX Therapeutics, Inc   21,916 
 217,788     Agilent Technologies, Inc   16,562,777 
 31,569  *,e  Agios Pharmaceuticals, Inc   1,692,098 
 45,447  *  Aimmune Therapeutics, Inc   1,068,913 
 8,200  *,e  Akcea Therapeutics, Inc   217,956 
 44,506  *  Akebia Therapeutics, Inc   245,228 
 56,071  *  Akorn, Inc   210,827 
 5,626  *  Albireo Pharma, Inc   146,276 
 37,404  *  Alder Biopharmaceuticals, Inc   526,648 
 145,892  *  Alexion Pharmaceuticals, Inc   17,938,880 
 112,466  *  Alkermes plc   3,696,757 
 5,078  *,e  Allakos, Inc   202,866 
 231,581     Allergan plc   33,343,032 
 13,161  *  Allogene Therapeutics, Inc   399,173 
 61,029  *  Alnylam Pharmaceuticals, Inc   5,097,752 
 22,367  *  AMAG Pharmaceuticals, Inc   366,148 
 434,422     Amgen, Inc   81,284,701 
 128,940  *,e  Amicus Therapeutics, Inc   1,552,438 
 53,564  *  Amneal Pharmaceuticals, Inc   657,766 
 20,326  *  Amphastar Pharmaceuticals, Inc   462,620 
 19,342  *  AnaptysBio, Inc   1,282,761 
 4,747  *  ANI Pharmaceuticals, Inc   255,104 
 22,306  *  Apellis Pharmaceuticals, Inc   312,284 
 21,703  *  Aratana Therapeutics, Inc   96,144 
 21,858  *  Arbutus Biopharma Corp   80,656 
 20,369  *  Arcus Biosciences, Inc   207,153 
 20,670  *  Ardelyx, Inc   43,407 
 34,420  *  Arena Pharmaceuticals, Inc   1,582,287 
 54,090  *  Arqule, Inc   200,133 
 127,839  *  Array Biopharma, Inc   2,386,754 
 53,978  *,e  Arrowhead Research Corp   762,169 
 9,360  *  Assembly Biosciences, Inc   213,221 
 36,183  *  Assertio Therapeutics, Inc.   161,376 
 28,032  *  Atara Biotherapeutics, Inc   1,065,216 
 25,792  *,e  Athenex, Inc   303,056 
 56,949  *,e  Athersys, Inc   90,549 
 22,704  *  Audentes Therapeutics, Inc   563,059 
 72,779  *  AVEO Pharmaceuticals, Inc   50,902 
 21,522  *  Avid Bioservices, Inc   82,860 
 3,474  *  Avrobio, Inc   43,286 
 16,908  *  Bellicum Pharmaceuticals, Inc   55,796 
 57,028  *  BioCryst Pharmaceuticals, Inc   495,003 
 135,877  *  Biogen Idec, Inc   45,353,025 
 19,000  *  Biohaven Pharmaceutical Holding Co Ltd   723,710 
 120,874  *  BioMarin Pharmaceutical, Inc   11,866,201 
 14,788  *  Bio-Rad Laboratories, Inc (Class A)   3,695,078 
 3,096  *  Biospecifics Technologies Corp   201,178 
 24,911     Bio-Techne Corp   4,345,973 
 56,636  *,e  BioTime, Inc   79,857 
 38,726  *  Bluebird Bio, Inc   5,167,210 
176

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 24,588  *  Blueprint Medicines Corp  $1,772,549 
 1,122,004     Bristol-Myers Squibb Co   55,393,338 
 76,798     Bruker BioSciences Corp   2,692,538 
 18,171  *  Calithera Biosciences, Inc   81,043 
 4,536  *,e  Calyxt, Inc   60,193 
 28,630  *  Cambrex Corp   1,249,700 
 20,185  *,e  Cara Therapeutics Inc   307,821 
 40,172  *  CareDx, Inc   1,126,021 
 31,091  *,e  CASI Pharmaceuticals, Inc   107,575 
 98,799  *  Catalent, Inc   3,648,647 
 75,099  *  Catalyst Pharmaceuticals, Inc   189,250 
 476,131  *  Celgene Corp   42,118,548 
 28,246  *  Charles River Laboratories International, Inc   3,479,625 
 15,298  *  ChemoCentryx, Inc   187,248 
 21,278  *  Chimerix, Inc   49,578 
 14,257  *,e  Clearside Biomedical, Inc   16,823 
 34,312  *,e  Clovis Oncology, Inc   870,152 
 24,762  *  Codexis, Inc   466,021 
 32,551  *  Coherus Biosciences, Inc   438,136 
 14,552  *,e  Collegium Pharmaceutical, Inc   232,978 
 11,969  *  Concert Pharmaceuticals Inc   169,361 
 28,930  *,e  Corbus Pharmaceuticals Holdings, Inc   218,711 
 60,315  *,e  Corcept Therapeutics, Inc   674,322 
 11,427  *,e  Corium International, Inc   2,057 
 5,018  *  Corvus Pharmaceuticals, Inc   20,022 
 31,469  *,e  CTI BioPharma Corp   37,448 
 36,556  *  Cymabay Therapeutics, Inc   318,037 
 24,798  *  Cytokinetics, Inc   174,330 
 28,418  *  CytomX Therapeutics, Inc   482,538 
 5,013  *  Deciphera Pharmaceuticals, Inc   134,699 
 27,144  *,e  Denali Therapeutics, Inc   517,365 
 21,699  *  Dermira, Inc   143,213 
 27,581  *  Dicerna Pharmaceuticals Inc   284,360 
 2,826  *,e  Dova Pharmaceuticals, Inc   21,704 
 46,488  *  Durect Corp   28,135 
 42,801  *,e  Dynavax Technologies Corp   471,667 
 11,242  *  Eagle Pharmaceuticals, Inc   475,087 
 28,276  *  Editas Medicine, Inc   614,438 
 45,273  *,e  Elanco Animal Health, Inc   1,321,066 
 639,966     Eli Lilly & Co   76,706,325 
 13,367  *  Eloxx Pharmaceuticals, Inc   161,206 
 27,178  *  Emergent Biosolutions, Inc   1,695,635 
 13,523  *  Enanta Pharmaceuticals, Inc   1,074,132 
 146,720  *  Endo International plc   1,430,520 
 25,112  *  Enzo Biochem, Inc   94,421 
 28,439  *  Epizyme, Inc   290,647 
 24,015  *,e  Esperion Thereapeutics, Inc   1,115,497 
 82,027  *  Exact Sciences Corp   7,388,992 
 193,217  *  Exelixis, Inc   4,554,125 
 55,910  *  Fate Therapeutics, Inc   846,477 
 46,127  *  FibroGen, Inc   2,617,707 
 15,829  *  Five Prime Therapeutics, Inc   178,076 
177

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 39,018  *,e  Flexion Therapeutics Inc  $573,174 
 19,596  *  Fluidigm Corp   169,505 
 12,649  *  G1 Therapeutics, Inc   270,562 
 14,710  *  Genomic Health, Inc   1,115,165 
 99,875  *,e  Geron Corp   114,856 
 877,476     Gilead Sciences, Inc   61,432,095 
 31,746  *  Global Blood Therapeutics, Inc   1,520,951 
 20,830  *,e  GlycoMimetics Inc   233,296 
 79,010  *  Halozyme Therapeutics, Inc   1,278,382 
 58,607  *  Heron Therapeutics, Inc   1,576,528 
 10,856  *,e  Homology Medicines, Inc   220,051 
 129,280  *  Horizon Pharma plc   2,778,227 
 10,451  *  Idera Pharmaceuticals, Inc   26,441 
 99,906  *  Illumina, Inc   27,952,700 
 12,148  *  Immune Design Corp   18,951 
 143,627  *  Immunogen, Inc   754,042 
 109,280  *,e  Immunomedics, Inc   1,616,251 
 117,011  *  Incyte Corp   9,429,917 
 43,339  *  Innoviva, Inc   741,097 
 45,252  *  Inovio Pharmaceuticals, Inc   226,713 
 65,711  *  Insmed, Inc   1,597,434 
 14,395  *,e  Insys Therapeutics, Inc   49,807 
 35,962  *,e  Intellia Therapeutics, Inc   508,503 
 13,549  *  Intercept Pharmaceuticals, Inc   1,635,093 
 14,781  *  Intersect ENT, Inc   438,552 
 24,570  *  Intra-Cellular Therapies, Inc   295,823 
 67,570  *,e  Intrexon Corp   517,586 
 69,391  *  Invitae Corp   977,025 
 86,418  *  Ionis Pharmaceuticals, Inc   5,012,244 
 101,631  *  Iovance Biotherapeutics, Inc   929,924 
 107,217  *  IQVIA Holdings, Inc   13,832,065 
 108,922  *  Ironwood Pharmaceuticals, Inc   1,487,875 
 40,491  *  Jazz Pharmaceuticals plc   5,097,412 
 1,832,230     Johnson & Johnson   243,833,168 
 8,024  *  Jounce Therapeutics, Inc   33,621 
 43,056  *,e  Kadmon Holdings, Inc   103,765 
 10,732  *  Kala Pharmaceuticals, Inc   59,348 
 30,034  *  Karyopharm Therapeutics, Inc   254,388 
 11,670  *  Kindred Biosciences Inc   114,950 
 10,817  *  Kura Oncology, Inc   171,990 
 9,941  *,e  La Jolla Pharmaceutical Co   60,044 
 54,719  *,e  Lannett Co, Inc   408,204 
 23,392  *,e  Lexicon Pharmaceuticals, Inc   110,644 
 12,831  *  Ligand Pharmaceuticals, Inc (Class B)   1,515,341 
 17,208  *  Loxo Oncology, Inc   4,036,997 
 24,097     Luminex Corp   672,065 
 24,962  *  MacroGenics, Inc   292,804 
 8,652  *  Madrigal Pharmaceuticals, Inc   1,001,556 
 74,469  *  Mallinckrodt plc   1,627,892 
 87,668  *,e  MannKind Corp   110,462 
 22,791  *  Marinus Pharmaceuticals, Inc   75,666 
 42,327  *,e  Medicines Co   978,177 
 14,055  *  MediciNova, Inc   127,619 
178

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 12,580  *  Medpace Holdings, Inc  $810,152 
 6,201  *  Melinta Therapeutics, Inc   5,235 
 4,587  *  Menlo Therapeutics, Inc   24,540 
 1,771,237     Merck & Co, Inc   131,833,170 
 16,680  *  Mettler-Toledo International, Inc   10,644,509 
 17,960  *  Minerva Neurosciences, Inc   118,177 
 7,485  *,e  Miragen Therapeutics, Inc   21,407 
 19,884  *  Mirati Therapeutics, Inc   1,313,935 
 63,221  *  Momenta Pharmaceuticals, Inc   749,801 
 343,800  *  Mylan NV   10,296,810 
 27,515  *  MyoKardia, Inc   1,138,571 
 50,516  *  Myriad Genetics, Inc   1,424,046 
 16,889  *  NanoString Technologies, Inc   375,611 
 17,925  *,e  NantKwest, Inc   19,359 
 41,701  *  Natera, Inc   566,717 
 105,902  *  Nektar Therapeutics   4,483,891 
 66,492  *  NeoGenomics, Inc   1,105,097 
 12,513  *,e  Neos Therapeutics, Inc   26,778 
 58,138  *  Neurocrine Biosciences, Inc   5,128,934 
 17,155  *  NewLink Genetics Corp   25,561 
 268,970  *,e  Novavax, Inc   629,390 
 14,434  *,e  Nymox Pharmaceutical Corp   31,899 
 14,594  *,e  Ocular Therapeutix, Inc   55,165 
 53,171  *,e  Omeros Corp   725,252 
 344,433  *,e  Opko Health, Inc   1,267,513 
 3,379  *,e  Optinose, Inc   21,761 
 60,397  *  Organovo Holdings, Inc   61,001 
 128,534  *  Pacific Biosciences of California, Inc   889,455 
 33,924  *  Pacira Pharmaceuticals, Inc   1,380,028 
 12,933  *,e  Paratek Pharmaceuticals, Inc   87,233 
 102,482  *  PDL BioPharma, Inc   325,893 
 71,364  *  PerkinElmer, Inc   6,458,442 
 81,397     Perrigo Co plc   3,780,891 
 3,954,274     Pfizer, Inc   167,858,931 
 11,429     Phibro Animal Health Corp   356,813 
 18,324  *  Pieris Pharmaceuticals, Inc   52,590 
 5,383  *,e  PolarityTE, Inc   95,387 
 68,719  *,e  Portola Pharmaceuticals, Inc   1,862,285 
 39,580  *  PRA Health Sciences, Inc   4,194,293 
 29,886  *  Prestige Brands Holdings, Inc   834,417 
 43,814  *  Progenics Pharmaceuticals, Inc   194,096 
 25,653  *  Prothena Corp plc   301,423 
 36,903  *  PTC Therapeutics, Inc   1,148,790 
 18,291  *  Puma Biotechnology, Inc   509,953 
 146,547  *  QIAGEN NV   5,426,635 
 6,130  *  Ra Pharmaceuticals, Inc   125,849 
 40,171  *  Radius Health, Inc   733,924 
 11,386  *  Reata Pharmaceuticals, Inc   908,261 
 6,329  *  Recro Pharma, Inc   52,467 
 54,098  *  Regeneron Pharmaceuticals, Inc   23,222,648 
 19,491  *  REGENXBIO, Inc   856,824 
 32,976  *  Repligen Corp   1,879,962 
179

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 21,376  *  Retrophin, Inc  $460,867 
 16,889  *  Revance Therapeutics, Inc   291,673 
 9,577  *  Rhythm Pharmaceuticals, Inc   254,748 
 86,156  *  Rigel Pharmaceuticals, Inc   186,097 
 12,963  *,e  Rocket Pharmaceuticals, Inc   186,408 
 7,605  *,e  Rubius Therapeutics, Inc   104,112 
 32,719  *  Sage Therapeutics, Inc   4,665,402 
 59,404  *  Sangamo Biosciences, Inc   694,433 
 43,473  *  Sarepta Therapeutics, Inc   6,073,613 
 15,543  *  Savara, Inc   117,971 
 76,378  *  Seattle Genetics, Inc   5,837,571 
 6,597  *,e  Selecta Biosciences, Inc   10,357 
 13,358  *,e  Seres Therapeutics, Inc   82,285 
 2,750  *  Sienna Biopharmaceuticals, Inc   7,370 
 31,728  *,e  SIGA Technologies, Inc   215,116 
 5,595  *  Solid Biosciences, Inc   140,826 
 53,979  *,e  Sorrento Therapeutics, Inc   111,197 
 17,972  *  Spark Therapeutics, Inc   859,421 
 115,826  *  Spectrum Pharmaceuticals, Inc   1,297,251 
 14,585  *  Stemline Therapeutics, Inc   161,310 
 30,987  *  Supernus Pharmaceuticals, Inc   1,181,534 
 6,892  *  Syndax Pharmaceuticals, Inc   38,595 
 43,295  *  Syneos Health, Inc   2,209,777 
 7,073  *  Syros Pharmaceuticals, Inc   42,367 
 23,512  *,e  T2 Biosystems, Inc   82,292 
 21,815  *,e  Teligent, Inc   37,086 
 28,326  *  Tetraphase Pharmaceuticals, Inc   34,841 
 45,895  *,e  TG Therapeutics, Inc   188,170 
 111,453  *,e  TherapeuticsMD, Inc   585,128 
 23,811  *,e  Theravance Biopharma, Inc   620,277 
 272,720     Thermo Fisher Scientific, Inc   66,999,122 
 10,529  *,e  Tocagen, Inc   118,557 
 6,260  *  Tricida, Inc   137,344 
 29,051  *  Ultragenyx Pharmaceutical, Inc   1,432,795 
 30,384  *  United Therapeutics Corp   3,504,187 
 11,976  *,e  UNITY Biotechnology, Inc   137,005 
 43,287  *  Vanda Pharmaceuticals, Inc   1,174,376 
 12,227  *  Veracyte, Inc   222,409 
 111,752  *,e  Verastem, Inc   366,547 
 54,342  *  Vericel Corp   934,682 
 174,199  *  Vertex Pharmaceuticals, Inc   33,256,331 
 58,489  *,e  Viking Therapeutics, Inc   477,270 
 18,311  *  Voyager Therapeutics, Inc   192,082 
 50,745  *  Waters Corp   11,733,259 
 11,082  *  WaVe Life Sciences Pte Ltd   412,805 
 28,502  *  Xencor Inc   1,028,922 
 13,274  *  Zafgen, Inc   58,937 
 109,983  *,e  ZIOPHARM Oncology, Inc   246,362 
 332,154     Zoetis, Inc   28,618,389 
 25,590  *,e  Zogenix, Inc   1,119,563 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   1,530,824,202 
180

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
REAL ESTATE - 4.0%     
 47,916     Acadia Realty Trust  $1,376,627 
 26,419     Agree Realty Corp   1,744,447 
 58,662     Alexander & Baldwin, Inc   1,351,572 
 2,407     Alexander’s, Inc   801,675 
 65,884     Alexandria Real Estate Equities, Inc   8,677,582 
 6,851  *,e  Altisource Portfolio Solutions S.A.   162,232 
 37,614     American Assets Trust, Inc   1,615,145 
 95,665     American Campus Communities, Inc   4,402,503 
 182,809     American Homes 4 Rent   4,041,907 
 300,229     American Tower Corp   51,891,580 
 53,799     Americold Realty Trust   1,577,387 
 89,697     Apartment Investment & Management Co (Class A)   4,441,795 
 157,000     Apple Hospitality REIT, Inc   2,576,370 
 26,867     Armada Hoffler Properties, Inc   403,542 
 44,053     Ashford Hospitality Trust, Inc   218,062 
 95,124     AvalonBay Communities, Inc   18,351,322 
 24,630     Bluerock Residential Growth REIT, Inc   255,659 
 103,788     Boston Properties, Inc   13,686,524 
 14,516     BraeMar Hotels & Resorts, Inc   161,418 
 98,959     Brandywine Realty Trust   1,489,333 
 175,869     Brixmor Property Group, Inc   3,012,636 
 109,076     Brookfield Property REIT, Inc   1,985,183 
 60,296     Camden Property Trust   5,845,697 
 69,365     CareTrust REIT, Inc   1,524,643 
 38,283     CatchMark Timber Trust Inc   351,821 
 122,504     CBL & Associates Properties, Inc   305,035 
 222,780  *  CBRE Group, Inc   10,192,185 
 53,871     Cedar Realty Trust, Inc   188,010 
 26,156     Chatham Lodging Trust   528,613 
 50,988     Chesapeake Lodging Trust   1,452,138 
 46,803     City Office REIT, Inc   541,043 
 7,816     Clipper Realty, Inc   101,217 
 316,824     Colony Capital, Inc   1,923,122 
 94,085     Columbia Property Trust, Inc   2,076,456 
 11,013     Community Healthcare Trust, Inc   363,649 
 1,787     Consolidated-Tomoka Land Co   109,132 
 91,344     CoreCivic, Inc   1,815,005 
 7,274     CorEnergy Infrastructure Trust, Inc   260,482 
 22,840     CorePoint Lodging, Inc   279,562 
 20,958     Coresite Realty   2,070,441 
 79,819     Corporate Office Properties Trust   1,970,731 
 238,290     Cousins Properties, Inc   2,108,866 
 283,451     Crown Castle International Corp   33,180,774 
 123,185     CubeSmart   3,812,576 
 55,454  *  Cushman & Wakefield plc   956,027 
 70,039     CyrusOne, Inc   3,796,114 
 113,305     DiamondRock Hospitality Co   1,151,179 
 137,430     Digital Realty Trust, Inc   14,889,166 
 97,747     Douglas Emmett, Inc   3,697,769 
 217,785     Duke Realty Corp   6,368,033 
 49,400     Easterly Government Properties, Inc   887,224 
 24,286     EastGroup Properties, Inc   2,512,630 
181

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 104,720     Empire State Realty Trust, Inc  $1,618,971 
 51,942     Entertainment Properties Trust   3,794,883 
 55,040     Equinix, Inc   21,685,760 
 92,704     Equity Commonwealth   2,999,901 
 58,469     Equity Lifestyle Properties, Inc   6,190,698 
 240,580     Equity Residential   17,456,485 
 27,314     Essential Properties Realty Trust, Inc   434,293 
 44,516     Essex Property Trust, Inc   12,072,739 
 83,372     Extra Space Storage, Inc   8,221,313 
 21,321     Farmland Partners, Inc   119,611 
 46,996     Federal Realty Investment Trust   6,230,260 
 84,088     First Industrial Realty Trust, Inc   2,751,359 
 8,997  *,e  Forestar Group, Inc   144,042 
 58,607     Four Corners Property Trust, Inc   1,655,062 
 61,023     Franklin Street Properties Corp   452,791 
 88,257     Front Yard Residential Corp   954,941 
 3,673  *  FRP Holdings, Inc   186,295 
 149,013     Gaming and Leisure Properties, Inc   5,587,987 
 102,709     Geo Group, Inc   2,316,088 
 18,727     Getty Realty Corp   600,388 
 16,590     Gladstone Commercial Corp   330,970 
 10,797     Global Medical REIT, Inc   103,543 
 50,131     Global Net Lease, Inc   972,040 
 56,257     Hannon Armstrong Sustainable Infrastructure Capital, Inc   1,270,846 
 296,212     HCP, Inc   9,342,526 
 87,882     Healthcare Realty Trust, Inc   2,837,710 
 136,695     Healthcare Trust of America, Inc   3,884,872 
 23,247     Hersha Hospitality Trust   430,767 
 38,705     HFF, Inc (Class A)   1,603,161 
 70,987     Highwoods Properties, Inc   3,146,144 
 111,881     Hospitality Properties Trust   2,982,747 
 485,498     Host Marriott Corp   8,768,094 
 24,160  *  Howard Hughes Corp   2,682,726 
 104,156     Hudson Pacific Properties   3,381,945 
 49,316     Independence Realty Trust, Inc   515,352 
 46,851     Industrial Logistics Properties Trust   1,006,828 
 16,015     Innovative Industrial Properties, Inc   991,649 
 10,916     Investors Real Estate Trust   642,625 
 190,415     Invitation Homes, Inc   4,282,433 
 180,253     Iron Mountain, Inc   6,705,412 
 92,360     iStar Financial, Inc   885,732 
 76,650     JBG SMITH Properties   2,962,522 
 16,318     Jernigan Capital, Inc   353,774 
 29,425     Jones Lang LaSalle, Inc   4,219,839 
 96,450     Kennedy-Wilson Holdings, Inc   1,928,035 
 66,709     Kilroy Realty Corp   4,700,316 
 251,517     Kimco Realty Corp   4,278,304 
 60,963     Kite Realty Group Trust   1,013,815 
 57,037     Lamar Advertising Co   4,246,405 
 184,776     Lexington Realty Trust   1,775,697 
 96,399     Liberty Property Trust   4,544,249 
 34,541     Life Storage, Inc   3,394,344 
 35,739     LTC Properties, Inc   1,695,458 
182

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 91,730     Macerich Co  $4,234,257 
 77,091     Mack-Cali Realty Corp   1,588,075 
 24,749  *  Marcus & Millichap, Inc   980,060 
 7,087  *  Maui Land & Pineapple Co, Inc   84,619 
 19,339     MedEquities Realty Trust, Inc   223,752 
 217,980     Medical Properties Trust, Inc   3,967,236 
 70,984     Mid-America Apartment Communities, Inc   7,189,260 
 80,044     Monmouth Real Estate Investment Corp (Class A)   1,099,805 
 32,229     National Health Investors, Inc   2,683,387 
 91,567     National Retail Properties, Inc   4,826,497 
 42,965     National Storage Affiliates Trust   1,250,281 
 57,756     New Senior Investment Group, Inc   313,038 
 89,029     Newmark Group, Inc   930,353 
 14,802     NexPoint Residential Trust, Inc   553,743 
 40,723     NorthStar Realty Europe Corp   683,739 
 47,345     Office Properties Income Trust   1,516,460 
 132,053     Omega Healthcare Investors, Inc   5,307,210 
 10,117     One Liberty Properties, Inc   275,182 
 85,529     Outfront Media, Inc   1,774,727 
 117,210     Paramount Group, Inc   1,697,201 
 137,551     Park Hotels & Resorts, Inc   4,136,159 
 79,729     Pebblebrook Hotel Trust   2,555,314 
 49,406     Pennsylvania REIT   364,122 
 102,091     Physicians Realty Trust   1,848,868 
 89,709     Piedmont Office Realty Trust, Inc   1,736,766 
 50,818     Potlatch Corp   1,874,168 
 30,956     Preferred Apartment Communities, Inc   492,200 
 424,782     Prologis, Inc   29,377,923 
 15,469     PS Business Parks, Inc   2,245,944 
 101,942     Public Storage, Inc   21,664,714 
 41,639     QTS Realty Trust, Inc   1,753,418 
 97,923     Rayonier, Inc   2,980,776 
 10,920     Re/Max Holdings, Inc   455,582 
 82,223  e  Realogy Holdings Corp   1,459,458 
 199,213     Realty Income Corp   13,683,941 
 76,738  *,e  Redfin Corp   1,372,843 
 102,779     Regency Centers Corp   6,680,635 
 61,980     Retail Opportunities Investment Corp   1,088,989 
 131,127     Retail Properties of America, Inc   1,657,445 
 10,206     Retail Value, Inc   310,364 
 62,098     Rexford Industrial Realty, Inc   2,086,493 
 106,354     RLJ Lodging Trust   1,972,867 
 4,669     RMR Group, Inc   308,201 
 62,294     RPT Realty   815,428 
 27,079     Ryman Hospitality Properties   2,175,798 
 108,112     Sabra Healthcare REIT, Inc   2,220,620 
 8,645     Safety Income and Growth, Inc   152,498 
 9,881     Saul Centers, Inc   523,298 
 77,882  *  SBA Communications Corp   14,215,801 
 165,930     Senior Housing Properties Trust   2,284,856 
 19,802     Seritage Growth Properties   796,238 
 210,057     Simon Property Group, Inc   38,255,581 
183

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 144,383     SITE Centers Corp  $1,887,086 
 56,895     SL Green Realty Corp   5,258,805 
 27,628     Spirit MTA REIT   216,051 
 55,255     Spirit Realty Capital, Inc   2,194,729 
 29,309  *  St. Joe Co   456,048 
 54,001     STAG Industrial, Inc   1,488,808 
 175,214     Starwood Property Trust, Inc   3,868,725 
 123,055     STORE Capital Corp   3,977,138 
 2,867     Stratus Properties, Inc   67,948 
 95,676     Summit Hotel Properties, Inc   1,068,701 
 57,754     Sun Communities, Inc   6,347,742 
 161,576     Sunstone Hotel Investors, Inc   2,310,537 
 53,470     Tanger Factory Outlet Centers, Inc   1,216,443 
 36,609     Taubman Centers, Inc   1,823,128 
 11,544  *  Tejon Ranch Co   217,258 
 45,258     Terreno Realty Corp   1,825,708 
 51,658     Tier REIT, Inc   1,213,963 
 8,703  *  Trinity Place Holdings, Inc   36,117 
 164,870     UDR, Inc   7,213,063 
 29,663     UMH Properties, Inc   416,172 
 134,012     Uniti Group, Inc   2,668,179 
 7,479     Universal Health Realty Income Trust   521,436 
 84,805     Urban Edge Properties   1,731,718 
 25,939     Urstadt Biddle Properties, Inc (Class A)   555,613 
 238,472     Ventas, Inc   15,379,059 
 584,223     VEREIT, Inc   4,720,522 
 270,307     VICI Properties, Inc   5,819,710 
 109,863     Vornado Realty Trust   7,680,522 
 124,944     Washington Prime Group, Inc   709,682 
 62,434     Washington REIT   1,582,702 
 88,530     Weingarten Realty Investors   2,539,926 
 252,017     Welltower, Inc   19,528,797 
 483,152     Weyerhaeuser Co   12,677,908 
 22,948  *  Whitestone REIT   325,403 
 104,505     WP Carey, Inc   7,826,379 
 83,110     Xenia Hotels & Resorts, Inc   1,559,975 
       TOTAL REAL ESTATE   750,496,479 
             
RETAILING - 6.0%     
 15,888  *  1-800-FLOWERS.COM, Inc (Class A)   253,414 
 43,123     Aaron’s, Inc   2,158,737 
 48,761     Abercrombie & Fitch Co (Class A)   1,056,651 
 45,472     Advance Auto Parts, Inc   7,239,142 
 276,695  *  Amazon.com, Inc   475,563,997 
 103,945     American Eagle Outfitters, Inc   2,195,318 
 4,482  *  America’s Car-Mart, Inc   313,561 
 10,925  *  Asbury Automotive Group, Inc   771,851 
 83,824  *  Ascena Retail Group, Inc   205,369 
 25,965  *  At Home Group, Inc   572,269 
 49,168  *  Autonation, Inc   1,905,260 
 16,733  *  AutoZone, Inc   14,178,540 
 22,973  *  Barnes & Noble Education, Inc   131,406 
 42,052     Barnes & Noble, Inc   253,574 
184

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 86,549     Bed Bath & Beyond, Inc  $1,306,024 
 160,926     Best Buy Co, Inc   9,533,256 
 14,002  e  Big 5 Sporting Goods Corp   48,167 
 25,783     Big Lots, Inc   813,196 
 46,126  *  BJ’s Wholesale Club Holdings, Inc   1,213,575 
 32,329  *  Booking Holdings, Inc   59,252,914 
 32,807  *  Boot Barn Holdings, Inc   768,668 
 20,052  e  Buckle, Inc   348,303 
 43,906  *  Burlington Stores, Inc   7,539,099 
 42,483     Caleres, Inc   1,267,693 
 59,924  e  Camping World Holdings, Inc   849,722 
 117,481  *  CarMax, Inc   6,905,533 
 28,331  *,e  Carvana Co   1,052,497 
 14,638     Cato Corp (Class A)   217,374 
 90,009     Chico’s FAS, Inc   522,052 
 10,893     Children’s Place Retail Stores, Inc   1,054,007 
 9,236     Citi Trends, Inc   189,246 
 14,808  *  Conn’s, Inc   310,080 
 9,713  *  Container Store Group, Inc   69,545 
 30,828     Core-Mark Holding Co, Inc   859,485 
 49,667     Dick’s Sporting Goods, Inc   1,753,742 
 8,843  e  Dillard’s, Inc (Class A)   590,624 
 180,896     Dollar General Corp   20,880,825 
 157,410  *  Dollar Tree, Inc   15,242,010 
 45,022     DSW, Inc (Class A)   1,226,849 
 5,673  *,e  Duluth Holdings, Inc   135,471 
 622,500  *  eBay, Inc   20,947,125 
 82,184  *  Etsy, Inc   4,491,356 
 83,174     Expedia, Inc   9,918,500 
 140,131  *  Express Parent LLC   742,694 
 38,459  *  Five Below, Inc   4,758,532 
 47,306  *  Floor & Decor Holdings, Inc   1,622,123 
 81,537     Foot Locker, Inc   4,557,103 
 6,374  *,e  Funko, Inc   110,589 
 4,919  *,e  Gaia, Inc   57,847 
 64,186  e  GameStop Corp (Class A)   727,869 
 142,651     Gap, Inc   3,629,041 
 16,380  *  Genesco, Inc   740,048 
 100,382     Genuine Parts Co   10,020,131 
 55,208  *,e  GNC Holdings, Inc   168,384 
 21,392     Group 1 Automotive, Inc   1,305,554 
 271,727  *  Groupon, Inc   1,024,411 
 62,706  *  GrubHub, Inc   5,041,562 
 34,631     Guess?, Inc   675,651 
 9,919     Haverty Furniture Cos, Inc   202,050 
 15,548  *  Hibbett Sports, Inc   254,054 
 786,511     Home Depot, Inc   144,348,364 
 21,193  *  Hudson Ltd   272,966 
 8,559  *  J. Jill, Inc   50,926 
 555,733  *,e  JC Penney Co, Inc   733,568 
 9,351  *  Kirkland’s, Inc   95,567 
 106,848     Kohl’s Corp   7,339,389 
185

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 156,181     L Brands, Inc  $4,348,079 
 8,312  *  Lands’ End, Inc   148,785 
 6,857  *  Leaf Group Ltd   52,662 
 34,146  *  Liberty Expedia Holdings, Inc   1,399,645 
 10,204  *  Liquidity Services, Inc   85,407 
 14,730     Lithia Motors, Inc (Class A)   1,310,234 
 215,970  *  LKQ Corp   5,662,733 
 555,230     Lowe’s Companies, Inc   53,390,917 
 64,637  *,e  Lumber Liquidators, Inc   776,937 
 203,762     Macy’s, Inc   5,358,941 
 15,024  *  MarineMax, Inc   267,127 
 67,268  *,e  Michaels Cos, Inc   932,334 
 18,048     Monro Muffler, Inc   1,293,320 
 19,492  *  Murphy USA, Inc   1,433,637 
 37,310  *  National Vision Holdings, Inc   1,184,966 
 77,380     Nordstrom, Inc   3,591,206 
 17,066     Nutri/System, Inc   740,835 
 347,385     Office Depot, Inc   1,024,786 
 35,943  *  Ollie’s Bargain Outlet Holdings, Inc   2,809,664 
 52,781  *  O’Reilly Automotive, Inc   18,191,499 
 16,960  *,e  Overstock.com, Inc   294,256 
 76,470  *,e  Party City Holdco, Inc   844,229 
 23,554     Penske Auto Group, Inc   1,104,212 
 11,452  e  PetMed Express, Inc   271,183 
 26,514     Pool Corp   3,974,714 
 52,342  *  Quotient Technology, Inc   523,420 
 279,428  *  Qurate Retail Group, Inc QVC Group   6,077,559 
 26,745  *  Rent-A-Center, Inc   468,038 
 15,814  *,e  RH   2,148,648 
 244,588     Ross Stores, Inc   22,531,447 
 74,929  *  Sally Beauty Holdings, Inc   1,290,277 
 8,376  e  Shoe Carnival, Inc   308,907 
 20,933  *  Shutterfly, Inc   962,081 
 21,178     Shutterstock, Inc   847,332 
 38,052     Signet Jewelers Ltd   926,947 
 23,483  *  Sleep Number Corp   845,388 
 15,333     Sonic Automotive, Inc (Class A)   234,595 
 23,407  *  Sportsman’s Warehouse Holdings, Inc   120,312 
 11,411  *  Stamps.com, Inc   2,123,359 
 29,488     Tailored Brands, Inc   372,433 
 352,915     Target Corp   25,762,795 
 82,690     Tiffany & Co   7,337,084 
 21,738     Tile Shop Holdings, Inc   164,991 
 9,156     Tilly’s, Inc   110,879 
 836,006     TJX Companies, Inc   41,574,578 
 79,813     Tractor Supply Co   6,816,030 
 38,437  *  Ulta Beauty, Inc   11,220,529 
 50,531  *  Urban Outfitters, Inc   1,632,151 
 39,670  *,e  Wayfair, Inc   4,342,278 
 2,435     Weyco Group, Inc   65,428 
 49,891  e  Williams-Sonoma, Inc   2,715,567 
 1,299     Winmark Corp   200,241 
 17,443  *  Zumiez, Inc   443,227 
       TOTAL RETAILING   1,117,243,279 
186

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.5%     
 16,936  *  Acacia Communications, Inc  $736,885 
 30,553  *  Advanced Energy Industries, Inc   1,567,063 
 649,183  *  Advanced Micro Devices, Inc   15,846,557 
 9,141  *  Alpha & Omega Semiconductor Ltd   108,869 
 18,560  *,e  Ambarella, Inc   705,280 
 59,444  *  Amkor Technology, Inc   475,552 
 251,619     Analog Devices, Inc   24,875,054 
 665,456     Applied Materials, Inc   26,006,020 
 15,750  *  Aquantia Corp   138,757 
 17,700  *  Axcelis Technologies, Inc   368,691 
 23,342  *  AXT, Inc   95,936 
 280,355     Broadcom, Inc   75,205,229 
 56,349     Brooks Automation, Inc   1,754,144 
 18,527     Cabot Microelectronics Corp   1,887,716 
 12,815  *  Ceva, Inc   364,459 
 37,057  *  Cirrus Logic, Inc   1,376,668 
 22,179     Cohu, Inc   389,020 
 68,378  *  Cree, Inc   3,448,302 
 221,843     Cypress Semiconductor Corp   3,076,962 
 22,673  *  Diodes, Inc   762,493 
 86,564     Entegris, Inc   2,860,940 
 61,203  *  First Solar, Inc   3,096,260 
 40,922  *  Formfactor, Inc   614,648 
 16,831  *,e  Ichor Holdings Ltd   346,214 
 10,555  *,e  Impinj, Inc   161,703 
 39,278  *  Inphi Corp   1,549,124 
 92,852  *  Integrated Device Technology, Inc   4,535,820 
 3,116,800     Intel Corp   146,863,616 
 107,532     Kla-Tencor Corp   11,459,685 
 34,341  *,e  Kopin Corp   47,391 
 105,435     Lam Research Corp   17,879,667 
 76,242  *  Lattice Semiconductor Corp   594,688 
 45,361  *  MA-COM Technology Solutions   817,859 
 364,120     Marvell Technology Group Ltd   6,747,144 
 186,383     Maxim Integrated Products, Inc   10,115,005 
 66,980  *  MaxLinear, Inc   1,314,148 
 151,430  e  Microchip Technology, Inc   12,170,429 
 764,667  *  Micron Technology, Inc   29,225,573 
 35,526     MKS Instruments, Inc   2,899,987 
 29,070     Monolithic Power Systems, Inc   3,679,099 
 14,183  *  Nanometrics, Inc   433,858 
 21,044  *  NeoPhotonics Corp Ltd   151,938 
 2,727     NVE Corp   259,856 
 394,502     NVIDIA Corp   56,709,662 
 228,419     NXP Semiconductors NV   19,879,306 
 262,147  *  ON Semiconductor Corp   5,253,426 
 15,059  *  PDF Solutions, Inc   158,270 
 38,535  *  Photronics, Inc   411,939 
 24,260     Power Integrations, Inc   1,601,160 
 85,195  *  Qorvo, Inc   5,568,345 
187

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 826,590     QUALCOMM, Inc  $40,932,737 
 61,082  *  Rambus, Inc   550,960 
 42,611  *  Rudolph Technologies, Inc   925,511 
 41,605  *  Semtech Corp   2,020,339 
 32,357  *  Silicon Laboratories, Inc   2,475,310 
 120,207     Skyworks Solutions, Inc   8,779,919 
 12,865  *  SMART Global Holdings, Inc   319,181 
 38,260  *,e  SunPower Corp   222,291 
 114,278     Teradyne, Inc   4,112,865 
 655,586     Texas Instruments, Inc   66,004,398 
 25,939  *  Ultra Clean Holdings   307,637 
 31,041  e  Universal Display Corp   3,222,987 
 26,815  *  Veeco Instruments, Inc   263,055 
 75,196     Versum Materials, Inc   2,764,957 
 170,538     Xilinx, Inc   19,090,024 
 27,806     Xperi Corp   595,883 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   659,184,471 
             
SOFTWARE & SERVICES - 11.0%     
 33,444  *  2U, Inc   1,901,291 
 76,541  *  8x8, Inc   1,347,887 
 40,700  *  A10 Networks, Inc   276,353 
 441,742     Accenture plc   67,829,484 
 84,722  *  ACI Worldwide, Inc   2,504,382 
 334,101  *  Adobe, Inc   82,796,910 
 104,178  *  Akamai Technologies, Inc   6,781,988 
 18,826  *  Alarm.com Holdings, Inc   1,184,720 
 30,887     Alliance Data Systems Corp   5,485,222 
 28,629  *  Altair Engineering, Inc   927,007 
 17,421  *,e  Alteryx, Inc   1,239,504 
 14,309  *  Amber Road, Inc   124,631 
 102,488     Amdocs Ltd   5,727,029 
 14,904  *  American Software, Inc (Class A)   164,838 
 13,212  *  Anaplan, Inc   414,725 
 57,411  *  Ansys, Inc   9,435,498 
 9,050  *  Appfolio, Inc   572,955 
 49,808  *  Aspen Technology, Inc   4,812,947 
 68,678  *  Atlassian Corp plc   6,757,915 
 146,334  *  Autodesk, Inc   21,540,365 
 302,844     Automatic Data Processing, Inc   42,349,705 
 4,783  *  Avalara, Inc   190,698 
 64,333  *  Avaya Holdings Corp   1,087,871 
 25,085  *  Benefitfocus, Inc   1,403,506 
 98,423  *  Black Knight, Inc   4,841,427 
 29,398     Blackbaud, Inc   2,104,897 
 20,958  *  Blackline, Inc   997,182 
 94,144     Booz Allen Hamilton Holding Co   4,625,295 
 23,476  *  Bottomline Technologies, Inc   1,212,535 
 78,650  *  Box, Inc   1,645,358 
 13,536  *  Brightcove, Inc   108,559 
 79,040     Broadridge Financial Solutions, Inc   7,969,603 
 17,412  *  CACI International, Inc (Class A)   2,910,938 
 195,827  *  Cadence Design Systems, Inc   9,405,571 
188

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 25,448  *  Carbon Black, Inc  $394,190 
 19,220  *  Carbonite, Inc   550,461 
 25,453  *  Cardtronics plc   689,013 
 8,563     Cass Information Systems, Inc   420,358 
 84,171     CDK Global, Inc   4,116,804 
 27,646  *,e  Ceridian HCM Holding, Inc   1,139,292 
 17,671  *  ChannelAdvisor Corp   189,963 
 75,672  *  Cision Ltd   938,333 
 90,690     Citrix Systems, Inc   9,299,353 
 140,706  *  Cloudera, Inc   1,899,531 
 401,619     Cognizant Technology Solutions Corp (Class A)   27,984,812 
 25,341  *  Commvault Systems, Inc   1,674,280 
 133,288  *  Conduent, Inc   1,699,422 
 41,169  *  Cornerstone OnDemand, Inc   2,360,630 
 32,899  *  Coupa Software, Inc   2,860,897 
 19,069     CSG Systems International, Inc   690,107 
 5,864  *,e  Digimarc Corp   114,289 
 47,235  *  DocuSign, Inc   2,335,771 
 7,269  *  Domo, Inc   196,263 
 191,130     DXC Technology Co   12,255,256 
 13,427  e  Ebix, Inc   766,950 
 5,684  *,e  Elastic NV   483,140 
 21,030  *  Ellie Mae, Inc   1,594,074 
 34,278  *  Endurance International Group Holdings, Inc   277,652 
 33,748  *  Envestnet, Inc   1,830,829 
 32,994  *  EPAM Systems, Inc   4,667,991 
 33,385  *  Euronet Worldwide, Inc   3,839,609 
 16,195  *  Everbridge, Inc   1,001,823 
 34,281  *  Everi Holdings, Inc   227,969 
 57,131     EVERTEC, Inc   1,580,815 
 8,619  *  Evo Payments, Inc   216,768 
 29,433  *  Exela Technologies, Inc   115,966 
 24,176  *  ExlService Holdings, Inc   1,390,120 
 20,093  *  Fair Isaac Corp   4,524,944 
 222,605     Fidelity National Information Services, Inc   23,268,901 
 116,894  *  FireEye, Inc   2,066,686 
 47,896  *  First American Corp   1,738,625 
 364,385  *  First Data Corp   8,982,090 
 272,479  *  Fiserv, Inc   22,596,683 
 34,525  *  Five9, Inc   1,765,263 
 60,882  *  FleetCor Technologies, Inc   12,286,596 
 36,158  *  ForeScout Technologies, Inc   1,102,819 
 95,945  *  Fortinet, Inc   7,346,509 
 57,763  *  Gartner, Inc   7,849,414 
 105,845     Genpact Ltd   3,157,356 
 107,813     Global Payments, Inc   12,105,244 
 108,536  *  GoDaddy, Inc   7,448,826 
 26,025  *,e  GTT Communications, Inc   666,240 
 49,174  *  Guidewire Software, Inc   4,262,402 
 15,357     Hackett Group, Inc   276,272 
 22,426  *  HubSpot, Inc   3,550,260 
 15,736  *  Information Services Group, Inc   64,990 
189

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 19,196  *  Instructure, Inc  $758,818 
 11,058  *,e  Internap Corp   59,824 
 626,739     International Business Machines Corp   84,246,256 
 166,638     Intuit, Inc   35,963,813 
 28,379     j2 Global, Inc   2,132,966 
 51,746     Jack Henry & Associates, Inc   6,910,678 
 97,588     Leidos Holdings, Inc   5,660,104 
 74,415  *  Limelight Networks, Inc   232,175 
 32,150  *  Liveperson, Inc   754,561 
 55,670  *  LiveRamp Holdings, Inc   2,418,305 
 34,160     LogMeIn, Inc   3,177,563 
 51,717  *  Manhattan Associates, Inc   2,522,238 
 14,447     Mantech International Corp (Class A)   814,377 
 628,620     MasterCard, Inc (Class A)   132,720,541 
 44,074     MAXIMUS, Inc   3,090,910 
 5,170,896     Microsoft Corp   539,996,669 
 8,153  *  MicroStrategy, Inc (Class A)   1,034,534 
 37,414  *  MINDBODY, Inc   1,364,114 
 17,383  *  Mitek Systems, Inc   191,734 
 31,573  *  MobileIron, Inc   153,129 
 16,849  *  Model N, Inc   244,479 
 18,561  *  MoneyGram International, Inc   39,535 
 24,124     Monotype Imaging Holdings, Inc   400,458 
 27,386  *  New Relic, Inc   2,783,787 
 36,835     NIC, Inc   604,094 
 207,856  *  Nuance Communications, Inc   3,298,675 
 100,757  *  Nutanix, Inc   5,161,781 
 60,376  *  Okta, Inc   4,976,794 
 16,134  *  OneSpan, Inc   235,395 
 1,742,063     Oracle Corp   87,503,825 
 60,114  *  Palo Alto Networks, Inc   12,913,689 
 3,662  *  Park City Group, Inc   31,713 
 217,657     Paychex, Inc   15,410,116 
 32,953  *  Paycom Software, Inc   4,884,953 
 23,446  *  Paylocity Holding Corp   1,665,369 
 811,232  *  PayPal Holdings, Inc   72,004,952 
 30,123     Pegasystems, Inc   1,695,624 
 20,483  *  Perficient, Inc   522,521 
 115,944     Perspecta, Inc   2,324,677 
 13,444  *  Pluralsight, Inc   403,051 
 12,502     Presidio, Inc   199,157 
 28,372     Progress Software Corp   1,027,918 
 31,098  *  Proofpoint, Inc   3,167,953 
 20,975  *  PROS Holdings, Inc   725,735 
 78,080  *  PTC, Inc   6,620,403 
 22,429  *  Q2 Holdings, Inc   1,332,955 
 5,378     QAD, Inc (Class A)   226,736 
 20,782  *  Qualys, Inc   1,798,266 
 22,181  *  Rapid7, Inc   891,233 
 43,130  *  RealPage, Inc   2,405,360 
 120,573  *  Red Hat, Inc   21,442,702 
 47,466  *  RingCentral, Inc   4,387,757 
 183,807     Sabre Corp   4,223,885 
190

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 42,569  *  SailPoint Technologies Holding, Inc  $1,215,345 
 489,901  *  salesforce.com, Inc   74,450,255 
 29,755     Science Applications International Corp   1,997,751 
 2,934  *,e  SecureWorks Corp   67,247 
 17,642  *  SendGrid, Inc   954,079 
 120,576  *  ServiceNow, Inc   26,529,132 
 42,610  *  ServiceSource International LLC   51,132 
 4,538  *,e  ShotSpotter, Inc   218,550 
 14,507  *  SolarWinds Corp   254,598 
 98,933  *  Splunk, Inc   12,350,796 
 15,071  *  SPS Commerce, Inc   1,336,195 
 194,757  *  Square, Inc   13,895,912 
 138,250     SS&C Technologies Holdings, Inc   7,118,493 
 14,772  e  Switch, Inc   123,198 
 22,488  *  Sykes Enterprises, Inc   619,994 
 433,525     Symantec Corp   9,112,696 
 100,842  *  Synopsys, Inc   9,413,601 
 49,404  *  Tableau Software, Inc   6,315,807 
 16,825  *  TeleNav, Inc   74,535 
 6,170  *  Tenable Holdings, Inc   170,786 
 85,362  *  Teradata Corp   3,788,366 
 68,861     TiVo Corp   766,423 
 122,825     Total System Services, Inc   11,006,348 
 24,689  *  Trade Desk, Inc   3,522,627 
 67,968     Travelport Worldwide Ltd   1,064,379 
 7,628     TTEC Holdings, Inc   255,004 
 4,944  *,e  Tucows, Inc   363,977 
 51,747  *  Twilio, Inc   5,760,476 
 24,839  *  Tyler Technologies, Inc   4,699,290 
 20,442  *  Ultimate Software Group, Inc   5,582,097 
 31,505  *  Unisys Corp   412,085 
 9,654  *  Upland Software, Inc   301,591 
 17,050  *  Varonis Systems, Inc   1,007,314 
 47,704  *  Verint Systems, Inc   2,307,442 
 70,211  *  VeriSign, Inc   11,884,616 
 1,559  *,e  Veritone, Inc   8,309 
 29,371  *,e  VirnetX Holding Corp   149,792 
 15,336  *  Virtusa Corp   744,103 
 1,206,409     Visa, Inc (Class A)   162,877,279 
 46,393     VMware, Inc (Class A)   7,008,591 
 312,197     Western Union Co   5,697,595 
 25,496  *  WEX, Inc   4,113,270 
 96,497  *  Workday, Inc   17,517,100 
 29,314  *  Workiva, Inc   1,228,257 
 204,434  *  Worldpay, Inc   17,066,150 
 50,173  *  Yext, Inc   782,197 
 72,298  *  Zendesk, Inc   4,882,284 
 22,508  *  Zix Corp   160,257 
 50,740  *  Zscaler, Inc   2,454,294 
       TOTAL SOFTWARE & SERVICES   2,050,982,119 
191

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 5.2%     
 92,051  *  3D Systems Corp  $1,174,571 
 27,636     Adtran, Inc   402,933 
 25,139  *  Aerohive Networks, Inc   96,031 
 5,425  *  Agilysys, Inc   96,023 
 199,190     Amphenol Corp (Class A)   17,512,785 
 16,589  *  Anixter International, Inc   1,007,118 
 3,236,677     Apple, Inc   538,712,520 
 28,619  *,e  Applied Optoelectronics, Inc   497,398 
 37,666  *  Arista Networks, Inc   8,089,904 
 35,950  *  Arlo Technologies, Inc   258,481 
 107,205  *  ARRIS International plc   3,365,165 
 60,939  *  Arrow Electronics, Inc   4,628,317 
 22,479  *  Avid Technology, Inc   107,000 
 71,222     Avnet, Inc   2,934,346 
 37,633     AVX Corp   667,986 
 24,060     Badger Meter, Inc   1,270,127 
 5,805     Bel Fuse, Inc (Class B)   133,979 
 23,710     Belden CDT, Inc   1,271,093 
 47,299     Benchmark Electronics, Inc   1,202,341 
 21,160  *  CalAmp Corp   304,916 
 29,260  *  Calix, Inc   318,349 
 33,788  *  Casa Systems, Inc   393,292 
 101,315     CDW Corp   8,436,500 
 97,225  *  Ciena Corp   3,703,300 
 3,099,409     Cisco Systems, Inc   146,571,051 
 4,561  *  Clearfield, Inc   53,683 
 115,009     Cognex Corp   5,232,910 
 14,195  *  Coherent, Inc   1,677,849 
 122,253  *  CommScope Holding Co, Inc   2,556,310 
 13,332     Comtech Telecommunications Corp   332,900 
 13,838  *  Control4 Corp   274,961 
 535,018     Corning, Inc   17,794,699 
 22,839  *  Cray, Inc   501,088 
 19,009     CTS Corp   539,285 
 19,750     Daktronics, Inc   148,718 
 109,862  *  Dell Technologies, Inc   5,338,195 
 188,647     Diebold, Inc   801,750 
 10,072  *  Digi International, Inc   119,454 
 43,923     Dolby Laboratories, Inc (Class A)   2,838,744 
 11,797  *,e  Eastman Kodak Co   34,329 
 30,498  *  EchoStar Corp (Class A)   1,249,808 
 21,069  *  Electro Scientific Industries, Inc   632,070 
 26,334  *  Electronics for Imaging, Inc   695,481 
 7,496  *  ePlus, Inc   593,833 
 75,046  *  Extreme Networks, Inc   567,348 
 42,152  *  F5 Networks, Inc   6,784,364 
 22,258  *  Fabrinet   1,265,145 
 9,437  *  FARO Technologies, Inc   401,261 
 88,061  *  Finisar Corp   2,006,030 
 203,198  *  Fitbit, Inc   1,253,732 
 89,130     Flir Systems, Inc   4,356,674 
 46,648  *  Harmonic, Inc   246,768 
 1,011,650     Hewlett Packard Enterprise Co   15,771,624 
192

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 1,093,445     HP, Inc  $24,088,593 
 46,524  *  II-VI, Inc   1,766,051 
 19,344  *  Immersion Corp   183,575 
 208,469  *,e  Infinera Corp   917,264 
 20,624  *  Insight Enterprises, Inc   947,054 
 27,167     InterDigital, Inc   1,978,029 
 23,238  *  IPG Photonics Corp   3,090,654 
 13,759  *  Iteris, Inc   52,972 
 19,770  *  Itron, Inc   1,080,035 
 99,082     Jabil Circuit, Inc   2,640,535 
 219,254     Juniper Networks, Inc   5,687,449 
 32,515     Kemet Corp   576,166 
 127,678  *  Keysight Technologies, Inc   9,450,726 
 14,394  *  Kimball Electronics, Inc   232,751 
 49,539  *  Knowles Corp   772,808 
 5,791  *  KVH Industries, Inc   64,743 
 14,714     Littelfuse, Inc   2,585,544 
 47,743  *  Lumentum Holdings, Inc   2,335,110 
 15,617  *,e  Maxwell Technologies, Inc   46,539 
 1,906     Mesa Laboratories, Inc   431,766 
 20,788     Methode Electronics, Inc   535,291 
 108,984     Motorola, Inc   12,741,319 
 9,718     MTS Systems Corp   486,483 
 5,930  *  Napco Security Technologies, Inc   93,160 
 74,233     National Instruments Corp   3,282,583 
 84,339  *  NCR Corp   2,256,068 
 176,129     NetApp, Inc   11,231,746 
 18,154  *  Netgear, Inc   719,080 
 49,960  *  Netscout Systems, Inc   1,295,463 
 12,070  *  nLight, Inc   235,969 
 26,217  *  Novanta, Inc   1,826,801 
 9,709  *  OSI Systems, Inc   870,800 
 8,426  *  PAR Technology Corp   210,060 
 17,810     Park Electrochemical Corp   405,712 
 5,105     PC Connection, Inc   169,129 
 19,541     Plantronics, Inc   757,995 
 26,786  *  Plexus Corp   1,503,230 
 102,101  *  Pure Storage, Inc   1,828,629 
 20,813  *  Quantenna Communications, Inc   310,946 
 26,337  *  Ribbon Communications, Inc   146,960 
 14,957  *  Rogers Corp   1,898,193 
 43,947  *  Sanmina Corp   1,372,025 
 14,787  *  Scansource, Inc   566,490 
 29,338  *  Stratasys Ltd   748,999 
 20,244  *  Synaptics, Inc   805,711 
 25,045     SYNNEX Corp   2,423,354 
 23,188  *  Tech Data Corp   2,217,468 
 163,308  *  Trimble Navigation Ltd   6,150,179 
 52,051  *  TTM Technologies, Inc   597,545 
 12,448  e  Ubiquiti Networks, Inc   1,346,998 
 26,214  *  USA Technologies, Inc   154,925 
 39,316  *,e  Viasat, Inc   2,464,720 
193

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 179,207  *  Viavi Solutions, Inc  $1,992,782 
 80,519     Vishay Intertechnology, Inc   1,570,121 
 6,505  *  Vishay Precision Group, Inc   217,462 
 197,265     Western Digital Corp   8,874,952 
 149,088     Xerox Corp   4,205,772 
 36,541  *  Zebra Technologies Corp (Class A)   6,343,518 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   961,011,541 
             
TELECOMMUNICATION SERVICES - 1.9%     
 4,943,403     AT&T, Inc   148,598,694 
 5,617     ATN International, Inc   418,916 
 47,700  *  Boingo Wireless, Inc   1,150,524 
 653,110     CenturyLink, Inc   10,005,645 
 31,358  *  Cincinnati Bell, Inc   261,526 
 27,208     Cogent Communications Group, Inc   1,318,228 
 38,093  e  Consolidated Communications Holdings, Inc   406,833 
 66,952  *,e  Frontier Communications Corp   133,904 
 45,025  *,e  Gogo, Inc   185,953 
 52,496  *  Intelsat S.A.   1,277,228 
 80,615  *  Iridium Communications, Inc   1,562,319 
 57,099  *,e  NII Holdings, Inc   276,930 
 9,912  *  Ooma, Inc   149,770 
 50,663  *  Orbcomm, Inc   412,397 
 5,260  *  pdvWireless, Inc   212,188 
 26,204     Shenandoah Telecom Co   1,248,096 
 13,824     Spok Holdings, Inc   191,324 
 402,004  *  Sprint Corp   2,508,505 
 72,628     Telephone & Data Systems, Inc   2,630,586 
 205,988  *  T-Mobile US, Inc   14,340,885 
 8,691  *  US Cellular Corp   500,428 
 2,818,481     Verizon Communications, Inc   155,185,564 
 194,410  *  Vonage Holdings Corp   1,771,075 
 140,017  *  Zayo Group Holdings, Inc   3,843,467 
       TOTAL TELECOMMUNICATION SERVICES   348,590,985 
             
TRANSPORTATION - 2.0%     
 33,348  *  Air Transport Services Group, Inc   792,015 
 80,158     Alaska Air Group, Inc   5,126,104 
 12,997     Allegiant Travel Co   1,689,610 
 5,941     Amerco, Inc   2,154,563 
 264,789     American Airlines Group, Inc   9,471,503 
 19,628     Arkansas Best Corp   738,405 
 13,242  *  Atlas Air Worldwide Holdings, Inc   704,739 
 43,060  *  Avis Budget Group, Inc   1,147,118 
 94,450     CH Robinson Worldwide, Inc   8,195,427 
 26,011     Copa Holdings S.A. (Class A)   2,467,143 
 32,803     Costamare, Inc   166,639 
 7,137  *  Covenant Transportation Group, Inc   168,291 
 545,429     CSX Corp   35,834,685 
 14,049  *  Daseke, Inc   58,584 
 425,149     Delta Air Lines, Inc   21,015,115 
 22,066  *  Eagle Bulk Shipping, Inc   90,691 
194

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 15,234  *  Echo Global Logistics, Inc  $361,960 
 120,860     Expeditors International of Washington, Inc   8,375,598 
 165,660     FedEx Corp   29,416,246 
 16,557     Forward Air Corp   969,081 
 5,547  *  Genco Shipping & Trading Ltd   40,881 
 41,770  *  Genesee & Wyoming, Inc (Class A)   3,279,780 
 30,733     Hawaiian Holdings, Inc   984,071 
 32,998     Heartland Express, Inc   660,290 
 37,917  *,e  Hertz Global Holdings, Inc   629,043 
 18,642  *  Hub Group, Inc (Class A)   829,755 
 59,730     JB Hunt Transport Services, Inc   6,393,499 
 224,244  *  JetBlue Airways Corp   4,034,150 
 65,797     Kansas City Southern Industries, Inc   6,958,033 
 37,362  *  Kirby Corp   2,798,787 
 83,181     Knight-Swift Transportation Holdings, Inc   2,640,997 
 25,429     Landstar System, Inc   2,583,078 
 45,827     Macquarie Infrastructure Co LLC   1,978,352 
 21,744     Marten Transport Ltd   420,746 
 38,795     Matson, Inc   1,300,021 
 185,331     Norfolk Southern Corp   31,087,422 
 44,310     Old Dominion Freight Line   6,023,058 
 4,793     Park-Ohio Holdings Corp   155,677 
 26,098  *  Radiant Logistics, Inc   128,924 
 41,932     Ryder System, Inc   2,428,282 
 33,901  *  Safe Bulkers, Inc   52,547 
 23,550  *  Saia, Inc   1,412,294 
 22,987     Schneider National, Inc   488,244 
 34,522     Scorpio Bulkers, Inc   156,039 
 31,683     Skywest, Inc   1,614,249 
 354,602     Southwest Airlines Co   20,127,210 
 49,971  *  Spirit Airlines, Inc   2,939,294 
 505,229     Union Pacific Corp   80,366,777 
 168,204  *  United Continental Holdings, Inc   14,679,163 
 473,440     United Parcel Service, Inc (Class B)   49,900,576 
 2,477     Universal Truckload Services, Inc   50,481 
 10,589  *  US Xpress Enterprises, Inc   78,147 
 27,497     Werner Enterprises, Inc   905,201 
 80,402  *  XPO Logistics, Inc   4,886,834 
 29,117  *  YRC Worldwide, Inc   181,690 
       TOTAL TRANSPORTATION   382,137,109 
             
UTILITIES - 3.2%     
 425,946     AES Corp   6,981,255 
 36,048     Allete, Inc   2,773,533 
 150,985     Alliant Energy Corp   6,714,303 
 162,910     Ameren Corp   11,296,179 
 340,792     American Electric Power Co, Inc   26,963,463 
 29,906     American States Water Co   2,025,234 
 121,979     American Water Works Co, Inc   11,669,731 
 119,406     Aqua America, Inc   4,185,180 
 8,406  *  AquaVenture Holdings Ltd   176,778 
 4,175     Artesian Resources Corp   147,753 
195

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 78,190  *,e  Atlantic Power Corp  $196,257 
 71,465     Atmos Energy Corp   6,977,128 
 46,455     Avangrid, Inc   2,316,711 
 52,011     Avista Corp   2,176,660 
 39,974     Black Hills Corp   2,713,835 
 11,214  *,e  Cadiz, Inc   115,504 
 38,876     California Water Service Group   1,925,139 
 329,966     Centerpoint Energy, Inc   10,202,549 
 9,211     Chesapeake Utilities Corp   834,240 
 19,052     Clearway Energy, Inc (Class A)   280,064 
 37,582     Clearway Energy, Inc (Class C)   567,112 
 182,929     CMS Energy Corp   9,537,918 
 7,251     Connecticut Water Service, Inc   491,908 
 211,562     Consolidated Edison, Inc   16,427,789 
 5,918     Consolidated Water Co, Inc   77,230 
 507,388     Dominion Resources, Inc   35,638,933 
 120,035     DTE Energy Co   14,134,121 
 490,305     Duke Energy Corp   43,038,973 
 213,992     Edison International   12,191,124 
 32,103     El Paso Electric Co   1,686,050 
 118,852     Entergy Corp   10,600,410 
 187,105     Evergy, Inc   10,724,859 
 216,595     Eversource Energy   15,033,859 
 665,144     Exelon Corp   31,767,277 
 328,400     FirstEnergy Corp   12,873,280 
 5,614     Global Water Resources, Inc   54,063 
 79,271     Hawaiian Electric Industries, Inc   2,948,088 
 35,770     Idacorp, Inc   3,487,575 
 150,466     MDU Resources Group, Inc   3,868,481 
 25,821     MGE Energy, Inc   1,660,548 
 9,879     Middlesex Water Co   555,200 
 56,119     National Fuel Gas Co   3,215,619 
 59,775     New Jersey Resources Corp   2,899,087 
 325,553     NextEra Energy, Inc   58,267,476 
 240,392     NiSource, Inc   6,557,894 
 24,233     Northwest Natural Holding Co   1,516,986 
 38,146     NorthWestern Corp   2,437,911 
 193,923     NRG Energy, Inc   7,933,390 
 131,468     OGE Energy Corp   5,383,615 
 37,812     ONE Gas, Inc   3,106,256 
 33,124     Ormat Technologies, Inc   1,911,586 
 27,175     Otter Tail Corp   1,316,629 
 45,604     Pattern Energy Group, Inc   970,453 
 253,928  *,b  PG&E Corp   3,301,064 
 73,230     Pinnacle West Capital Corp   6,453,028 
 57,247     PNM Resources, Inc   2,438,150 
 61,884     Portland General Electric Co   2,990,235 
 479,769     PPL Corp   15,026,365 
 342,905     Public Service Enterprise Group, Inc   18,705,468 
 8,678  *  Pure Cycle Corp   88,255 
 3,652  e  RGC Resources, Inc   102,731 
 185,364     Sempra Energy   21,683,881 
 17,630     SJW Corp   1,056,918 
196

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY              VALUE 
                         
 68,657     South Jersey Industries, Inc              $2,044,605 
 702,441     Southern Co               34,138,633 
 33,050     Southwest Gas Corp               2,588,476 
 7,128  e  Spark Energy, Inc               59,162 
 35,088     Spire, Inc               2,784,935 
 43,814     TerraForm Power, Inc               520,510 
 119,271     UGI Corp               6,802,025 
 11,971     Unitil Corp               627,999 
 57,194     Vectren Corp               4,139,702 
 276,044  *  Vistra Energy Corp               6,931,465 
 218,056     WEC Energy Group, Inc               15,924,630 
 342,021     Xcel Energy, Inc               17,908,220 
 7,032     York Water Co               231,353 
       TOTAL UTILITIES               590,101,006 
                         
       TOTAL COMMON STOCKS               18,567,008,273 
       (Cost $12,418,176,258)                 
                         
RIGHTS / WARRANTS - 0.0%                 
                  
COMMERCIAL & PROFESSIONAL SERVICES - 0.0%                 
 57,537    Media General, Inc               0 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES       0 
                         
DIVERSIFIED FINANCIALS - 0.0%                 
 267     Emergent Capital Inc               0 
       TOTAL DIVERSIFIED FINANCIALS               0 
                         
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%                 
 1,296    Forest Laboratories, Inc CVR               1,231 
 1,988    Omthera Pharmaceuticals, Inc               1,193 
 4,598     Tobira Therapeutics, Inc               276 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   2,700 
                         
       TOTAL RIGHTS / WARRANTS               2,700 
       (Cost $276)                 
                 
PRINCIPAL     ISSUER   RATE  MATURITY
DATE
    
                 
SHORT-TERM INVESTMENTS - 1.3%   
    
GOVERNMENT AGENCY DEBT - 0.2%             
$40,000,000     Federal Home Loan Bank (FHLB)   2.260%  02/01/19   40,000,000 
       TOTAL GOVERNMENT AGENCY DEBT           40,000,000 
                     
TREASURY DEBT - 0.5%             
 27,715,000     United States Treasury Bill   2.317   02/12/19   27,695,351 
 45,895,000     United States Treasury Bill2.338 - 2.343   02/19/19   45,841,050 
 23,380,000     United States Treasury Bill2.313 - 2.343   02/21/19   23,349,505 
 2,380,000     United States Treasury Bill   2.359   03/28/19   2,371,369 
       TOTAL TREASURY DEBT           99,257,275 
197

TIAA-CREF FUNDS - Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.6%     
 120,231,108  c  State Street Navigator Securities Lending Government Money Market Portfolio  $120,231,108 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   120,231,108 
             
       TOTAL SHORT-TERM INVESTMENTS   259,488,383 
       (Cost $259,488,997)     
       TOTAL INVESTMENTS - 101.0%   18,826,499,356 
       (Cost $12,677,665,531)     
       OTHER ASSETS & LIABILITIES, NET - (1.0)%   (181,238,637)
       NET ASSETS - 100.0%  $18,645,260,719 
             
       
    Abbreviation(s):
    CVR    Contingent Value Right
    REIT    Real Estate Investment Trust
     
*   Non-income producing
  Security is categorized as Level 3 in the fair value hierarchy.
b   In bankruptcy
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 $116,714,612.
       

 

Futures contracts outstanding as of January 31, 2019 were as follows (see Note 3):

 

Description  Number of long
(short)
contracts
   Expiration date   Notional amount   Value   Unrealized
appreciation (depreciation)
 
Russell 2000 E Mini Index   85    03/15/19   $6,282,482   $6,375,850   $93,368 
S&P 500 E Mini Index   378    03/15/19    50,135,846    51,115,050    979,204 
S&P Mid-Cap 400 E Mini Index   30    03/15/19    5,461,511    5,508,300    46,789 
Total   493        $61,879,839   $62,999,200   $1,119,361 
198

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

TIAA-CREF FUNDS

LARGE-CAP GROWTH INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES     COMPANY  VALUE 
           
COMMON STOCKS - 100.0%     
             
AUTOMOBILES & COMPONENTS - 0.6%     
 110,615     Aptiv plc  $8,752,965 
 22,243  *,e  Garrett Motion, Inc   355,221 
 86,877     Gentex Corp   1,840,055 
 3,219     Lear Corp   495,500 
 66,435  *  Tesla, Inc   20,396,874 
 21,734     Thor Industries, Inc   1,415,318 
 8,636  *  Visteon Corp   664,022 
       TOTAL AUTOMOBILES & COMPONENTS   33,919,955 
             
BANKS - 0.2%     
 5,163     BOK Financial Corp   429,097 
 4,603     Comerica, Inc   362,440 
 6,531     East West Bancorp, Inc   328,640 
 14,569     Pinnacle Financial Partners, Inc   783,375 
 17,176     Signature Bank   2,186,677 
 19,271  *  SVB Financial Group   4,497,466 
 24,905     Synovus Financial Corp   882,135 
 14,579  *  Texas Capital Bancshares, Inc   849,518 
 27,421  *  Western Alliance Bancorp   1,214,202 
       TOTAL BANKS   11,533,550 
             
CAPITAL GOODS - 8.3%     
 231,544     3M Co   46,378,263 
 66,394     A.O. Smith Corp   3,177,617 
 2,730     Air Lease Corp   103,576 
 38,563     Allegion plc   3,311,019 
 55,258     Allison Transmission Holdings, Inc   2,689,407 
 20,302     Ametek, Inc   1,480,016 
 21,885     Armstrong World Industries, Inc   1,489,055 
 260,437     Boeing Co   100,429,716 
 49,235     BWX Technologies, Inc   2,285,489 
 255,680     Caterpillar, Inc   34,046,349 
 26,812     Cummins, Inc   3,944,313 
 1,587     Curtiss-Wright Corp   180,156 
 157,016     Deere & Co   25,750,624 
 56,269     Donaldson Co, Inc   2,660,398 
 217,079     Emerson Electric Co   14,212,162 
 139,445     Fastenal Co   8,430,845 
 130,861     Fortive Corp   9,813,266 
 31,504     Fortune Brands Home & Security, Inc   1,427,131 
 23,951  *  Gardner Denver Holdings, Inc   590,871 
 57,006     General Dynamics Corp   9,757,717 
 80,547     Graco, Inc   3,490,101 
 57,282     Harris Corp   8,774,457 
199

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 25,672  *  HD Supply Holdings, Inc  $1,076,684 
 19,684     HEICO Corp   1,663,298 
 38,354     HEICO Corp (Class A)   2,685,931 
 8,727     Hexcel Corp   590,905 
 225,414     Honeywell International, Inc   32,376,213 
 18,637     Hubbell, Inc   2,037,583 
 18,087     Huntington Ingalls   3,734,061 
 34,628     IDEX Corp   4,773,816 
 159,892     Illinois Tool Works, Inc   21,954,771 
 63,964     Ingersoll-Rand plc   6,398,959 
 16,265     Lennox International, Inc   3,729,239 
 31,283     Lincoln Electric Holdings, Inc   2,704,103 
 109,706     Lockheed Martin Corp   31,780,731 
 97,880     Masco Corp   3,172,291 
 16,100  *  Middleby Corp   1,893,682 
 10,031     MSC Industrial Direct Co (Class A)   837,488 
 25,731     Nordson Corp   3,335,767 
 78,160     Northrop Grumman Corp   21,536,988 
 11,056     Parker-Hannifin Corp   1,822,139 
 21,023     Quanta Services, Inc   742,953 
 139,269     Raytheon Co   22,945,960 
 37,493  *  Resideo Technologies, Inc   822,221 
 58,838     Rockwell Automation, Inc   9,974,218 
 8,728     Roper Industries, Inc   2,472,293 
 42,702  *  Sensata Technologies Holding plc   2,028,345 
 51,349     Spirit Aerosystems Holdings, Inc (Class A)   4,282,507 
 19,820     Textron, Inc   1,055,019 
 51,601     Toro Co   3,070,259 
 23,525     TransDigm Group, Inc   9,198,275 
 39,891  *  United Rentals, Inc   4,996,747 
 8,000  *  Univar, Inc   166,640 
 21,963     W.W. Grainger, Inc   6,487,651 
 24,753  *  WABCO Holdings, Inc   2,827,535 
 14,317  e  Wabtec Corp   990,164 
 13,075     Watsco, Inc   1,928,301 
 65,714  *  Welbilt, Inc   921,310 
 49,064     Xylem, Inc   3,496,301 
       TOTAL CAPITAL GOODS   510,933,896 
             
COMMERCIAL & PROFESSIONAL SERVICES - 1.0%     
 42,077     Cintas Corp   7,889,858 
 96,784  *  Copart, Inc   4,900,174 
 16,998  *  CoStar Group, Inc   6,641,799 
 8,506     Dun & Bradstreet Corp   1,231,158 
 16,707     Equifax, Inc   1,787,983 
 59,248     KAR Auction Services, Inc   3,081,489 
 6,617     Republic Services, Inc   507,590 
 58,341     Robert Half International, Inc   3,758,911 
 71,070     Rollins, Inc   2,646,647 
 89,855     TransUnion   5,464,981 
 77,203  *  Verisk Analytics, Inc   9,064,404 
 176,306     Waste Management, Inc   16,867,195 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES  63,842,189 
200

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
CONSUMER DURABLES & APPAREL - 1.6%     
 3,893     Brunswick Corp  $195,896 
 35,612  *  Capri Holdings Ltd   1,512,798 
 21,676     Carter’s, Inc   1,796,940 
 1,756     Columbia Sportswear Co   156,618 
 98,375     DR Horton, Inc   3,782,519 
 177,511     Hanesbrands, Inc   2,660,890 
 43,024     Hasbro, Inc   3,896,253 
 8,934     Lennar Corp (B Shares)   340,564 
 70,274     Lennar Corp (Class A)   3,332,393 
 46,816  *  Lululemon Athletica, Inc   6,919,873 
 42,571  *  Mattel, Inc   504,041 
 608,804     Nike, Inc (Class B)   49,848,871 
 1,505  *  NVR, Inc   4,003,300 
 28,925     Polaris Industries, Inc   2,426,229 
 41,055     Pulte Homes, Inc   1,141,739 
 30,946  *  Skechers U.S.A., Inc (Class A)   840,803 
 26,287     Tapestry, Inc   1,017,570 
 21,448  *  Tempur Sealy International, Inc   1,137,173 
 34,957     Toll Brothers, Inc   1,291,311 
 71,506  *  Under Armour, Inc   1,354,324 
 69,480  *  Under Armour, Inc (Class A)   1,441,015 
 120,688     VF Corp   10,158,309 
       TOTAL CONSUMER DURABLES & APPAREL   99,759,429 
             
CONSUMER SERVICES - 2.3%     
 24,055  *  Bright Horizons Family Solutions   2,785,328 
 11,972  *  Chipotle Mexican Grill, Inc (Class A)   6,340,491 
 16,508     Choice Hotels International, Inc   1,306,773 
 30,542     Darden Restaurants, Inc   3,204,772 
 20,286     Domino’s Pizza, Inc   5,755,747 
 39,181     Dunkin Brands Group, Inc   2,679,589 
 55,072     Extended Stay America, Inc   941,731 
 32,654  *  frontdoor, Inc   970,477 
 23,726  *  Grand Canyon Education, Inc   2,205,094 
 21,653     H&R Block, Inc   510,794 
 44,767  *  Hilton Grand Vacations, Inc   1,358,231 
 134,930     Hilton Worldwide Holdings, Inc   10,049,586 
 2,553     International Game Technology plc   41,767 
 103,365     Las Vegas Sands Corp   6,032,381 
 139,241     Marriott International, Inc (Class A)   15,947,272 
 73,938     McDonald’s Corp   13,218,636 
 22,905     MGM Resorts International   674,323 
 38,462     Service Corp International   1,650,789 
 65,308  *  ServiceMaster Global Holdings, Inc   2,546,359 
 35,940     Six Flags Entertainment Corp   2,213,545 
 587,839     Starbucks Corp   40,055,349 
 19,214     Vail Resorts, Inc   3,617,228 
 91,003     Wendy’s   1,576,172 
 46,009     Wyndham Hotels & Resorts, Inc   2,258,582 
201

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 46,309     Wyndham Worldwide Corp  $1,951,461 
 50,272     Wynn Resorts Ltd   6,183,959 
 14,400     Yum China Holdings, Inc   524,880 
 43,515     Yum! Brands, Inc   4,089,540 
       TOTAL CONSUMER SERVICES   140,690,856 
             
DIVERSIFIED FINANCIALS - 3.2%     
 235,239     American Express Co   24,159,045 
 10,843     Ameriprise Financial, Inc   1,372,724 
 17,282     Capital One Financial Corp   1,392,756 
 50,306     CBOE Holdings, Inc   4,692,041 
 582,832     Charles Schwab Corp   27,259,053 
 20,176     CME Group, Inc   3,677,681 
 5,239  *  Credit Acceptance Corp   2,085,227 
 76,390     Discover Financial Services   5,155,561 
 27,659     E*TRADE Financial Corp   1,290,569 
 56,387     Eaton Vance Corp   2,172,027 
 18,590     Evercore Partners, Inc (Class A)   1,662,876 
 17,731     Factset Research Systems, Inc   3,876,529 
 31,664     Interactive Brokers Group, Inc (Class A)   1,595,866 
 141,055     IntercontinentalExchange Group, Inc   10,827,382 
 166,032     iShares Russell 1000 Growth Index Fund   23,661,220 
 53,683     Lazard Ltd (Class A)   2,136,047 
 40,897     LPL Financial Holdings, Inc   2,877,922 
 17,781     MarketAxess Holdings, Inc   3,818,825 
 80,595     Moody’s Corp   12,775,114 
 9,202     Morningstar, Inc   1,142,428 
 41,632     MSCI, Inc (Class A)   7,088,681 
 28,914     Northern Trust Corp   2,557,732 
 2,509  *  OneMain Holdings, Inc   74,994 
 17,927     Raymond James Financial, Inc   1,443,124 
 121,865     S&P Global, Inc   23,355,427 
 6,899     Santander Consumer USA Holdings, Inc   131,495 
 64,918     SEI Investments Co   3,086,202 
 10,576     State Street Corp   749,838 
 128,132     Synchrony Financial   3,849,085 
 106,944     T Rowe Price Group, Inc   9,994,986 
 136,653     TD Ameritrade Holding Corp   7,645,735 
 24,628     Virtu Financial, Inc   629,245 
 4,389     Voya Financial, Inc   203,781 
       TOTAL DIVERSIFIED FINANCIALS   198,441,218 
             
ENERGY - 0.8%     
 82,146     Anadarko Petroleum Corp   3,887,970 
 72,796  *  Antero Resources Corp   732,328 
 12,320     Apache Corp   404,342 
 160,654     Cabot Oil & Gas Corp   4,008,317 
 76,354  *  Cheniere Energy, Inc   5,012,640 
 7,366     Cimarex Energy Co   554,955 
 11,754  *  Concho Resources, Inc   1,408,599 
 19,748  *  Continental Resources, Inc   911,765 
 11,882     Diamondback Energy, Inc   1,225,272 
202

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 30,281     EOG Resources, Inc  $3,003,875 
 422,017     Halliburton Co   13,234,453 
 58,328  *  Kosmos Energy Ltd   299,223 
 40,150  *  Newfield Exploration Co   733,942 
 80,659     ONEOK, Inc   5,179,114 
 89,675  *  Parsley Energy, Inc   1,666,162 
 44,374     Pioneer Natural Resources Co   6,315,308 
 9,226  e  RPC, Inc   99,549 
       TOTAL ENERGY   48,677,814 
             
FOOD & STAPLES RETAILING - 1.0%     
 211,865     Costco Wholesale Corp   45,472,585 
 66,984  *  Sprouts Farmers Market, Inc   1,606,276 
 231,744     Sysco Corp   14,796,854 
 5,883  *  US Foods Holding Corp   198,375 
       TOTAL FOOD & STAPLES RETAILING   62,074,090 
             
FOOD, BEVERAGE & TOBACCO - 3.8%     
 919,790     Altria Group, Inc   45,391,637 
 25,439     Brown-Forman Corp   1,196,396 
 137,407     Brown-Forman Corp (Class B)   6,492,481 
 61,902     Campbell Soup Co   2,193,188 
 1,444,416     Coca-Cola Co   69,519,742 
 75,512     Constellation Brands, Inc (Class A)   13,113,414 
 14,009     General Mills, Inc   622,560 
 62,270     Hershey Co   6,606,847 
 60,332     Kellogg Co   3,560,191 
 84,767     Keurig Dr Pepper, Inc   2,307,358 
 3,264     McCormick & Co, Inc   403,561 
 194,567  *  Monster Beverage Corp   11,137,015 
 610,911     PepsiCo, Inc   68,831,342 
 17,513  *  Post Holdings, Inc   1,625,556 
       TOTAL FOOD, BEVERAGE & TOBACCO   233,001,288 
             
HEALTH CARE EQUIPMENT & SERVICES - 6.2%     
 21,036  *  Abiomed, Inc   7,385,109 
 38,277  *  Align Technology, Inc   9,529,059 
 76,288     AmerisourceBergen Corp   6,360,131 
 19,506  *  athenahealth, Inc   2,628,238 
 28,596     Baxter International, Inc   2,072,924 
 11,934     Becton Dickinson & Co   2,977,056 
 515,242  *  Boston Scientific Corp   19,656,482 
 19,358     Cantel Medical Corp   1,576,128 
 87,026  *  Centene Corp   11,362,985 
 68,710  *  Cerner Corp   3,772,866 
 7,223     Chemed Corp   2,152,021 
 50,963     Cigna Corp   10,182,917 
 3,561     Cooper Cos, Inc   992,664 
 46,665     CVS Health Corp   3,058,891 
 32,629  *  DaVita, Inc   1,831,466 
 42,776  *  DexCom, Inc   6,032,699 
203

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 101,678  *  Edwards Lifesciences Corp  $17,327,965 
 47,201     Encompass Health Corp   3,154,915 
 94,320     HCA Holdings, Inc   13,151,038 
 10,436  *  Henry Schein, Inc   810,877 
 19,864     Hill-Rom Holdings, Inc   1,986,797 
 63,416     Humana, Inc   19,594,910 
 7,216  *  ICU Medical, Inc   1,795,341 
 41,183  *  IDEXX Laboratories, Inc   8,762,919 
 28,949  *  Insulet Corp   2,350,369 
 25,949  *  Integra LifeSciences Holdings Corp   1,228,945 
 54,711  *  Intuitive Surgical, Inc   28,648,868 
 2,787  *  Laboratory Corp of America Holdings   388,368 
 22,512  *  Masimo Corp   2,800,268 
 11,840     McKesson Corp   1,518,480 
 25,212  *  Molina Healthcare, Inc   3,352,692 
 15,526  *  Penumbra, Inc   2,259,188 
 11,888  *  Premier, Inc   473,024 
 68,238     Resmed, Inc   6,494,210 
 166,618     Stryker Corp   29,586,358 
 4,029     Teleflex, Inc   1,101,932 
 465,220     UnitedHealth Group, Inc   125,702,444 
 44,049  *  Varian Medical Systems, Inc   5,815,789 
 59,053  *  Veeva Systems, Inc   6,440,320 
 22,480  *  WellCare Health Plans, Inc   6,215,270 
 7,818     West Pharmaceutical Services, Inc   846,455 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   383,379,378 
             
HOUSEHOLD & PERSONAL PRODUCTS - 0.9%     
 99,359     Church & Dwight Co, Inc   6,419,585 
 53,614     Clorox Co   7,955,245 
 78,634     Colgate-Palmolive Co   5,086,047 
 15,696     Energizer Holdings, Inc   743,990 
 103,860     Estee Lauder Cos (Class A)   14,168,581 
 9,566  *  Herbalife Ltd   571,090 
 146,226     Kimberly-Clark Corp   16,286,652 
 8,330     Nu Skin Enterprises, Inc (Class A)   546,865 
 10,903     Spectrum Brands Holdings, Inc   609,260 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   52,387,315 
             
INSURANCE - 1.4%     
 783     Alleghany Corp   494,511 
 59,987     American International Group, Inc   2,593,238 
 117,130     Aon plc   18,299,220 
 28,628  *  Arch Capital Group Ltd   840,232 
 4,123     Axis Capital Holdings Ltd   220,787 
 119,652  *  Berkshire Hathaway, Inc (Class B)   24,593,272 
 6,060     Brown & Brown, Inc   164,590 
 10,136     Erie Indemnity Co (Class A)   1,483,708 
 7,501     Everest Re Group Ltd   1,643,094 
 550  *  Markel Corp   579,430 
 114,534     Marsh & McLennan Cos, Inc   10,100,753 
 280,845     Progressive Corp   18,898,060 
204

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 2,769     RenaissanceRe Holdings Ltd  $382,205 
 24,394     Travelers Cos, Inc   3,062,423 
       TOTAL INSURANCE   83,355,523 
             
MATERIALS - 1.8%     
 42,374     Avery Dennison Corp   4,425,964 
 39,797  *  Axalta Coating Systems Ltd   1,019,599 
 34,562  *  Berry Plastics Group, Inc   1,702,179 
 41,493     Celanese Corp (Series A)   3,973,370 
 84,560     Chemours Co   3,023,020 
 63,530  *  Crown Holdings, Inc   3,240,030 
 20,588     Eagle Materials, Inc   1,461,748 
 55,824     Ecolab, Inc   8,829,682 
 48,886  *  Element Solutions Inc   549,479 
 27,486     FMC Corp   2,193,383 
 24,340     Graphic Packaging Holding Co   293,784 
 23,122     International Flavors & Fragrances, Inc   3,278,237 
 21,673     International Paper Co   1,027,950 
 157,990     Linde plc   25,753,950 
 74,328     LyondellBasell Industries AF S.C.A   6,464,306 
 27,615     Martin Marietta Materials, Inc   4,879,018 
 3,735     NewMarket Corp   1,498,071 
 44,620     Packaging Corp of America   4,208,558 
 7,506     PPG Industries, Inc   791,433 
 14,759     Royal Gold, Inc   1,289,494 
 12,338     RPM International, Inc   705,240 
 9,154     Scotts Miracle-Gro Co (Class A)   680,600 
 44,581     Sealed Air Corp   1,760,950 
 40,208     Sherwin-Williams Co   16,948,476 
 17,559     Silgan Holdings, Inc   484,980 
 37,878     Southern Copper Corp (NY)   1,273,458 
 16,974     Steel Dynamics, Inc   621,079 
 59,116     Vulcan Materials Co   6,009,141 
 15,546     Westlake Chemical Corp   1,148,849 
 22,866     WR Grace and Co   1,623,715 
       TOTAL MATERIALS   111,159,743 
             
MEDIA & ENTERTAINMENT - 12.3%     
 365,191     Activision Blizzard, Inc   17,251,623 
 145,263  *  Alphabet, Inc (Class A)   163,550,159 
 148,061  *  Alphabet, Inc (Class C)   165,290,859 
 22,093  *  AMC Networks, Inc   1,390,533 
 2,023     Cable One, Inc   1,789,020 
 159,505     CBS Corp (Class B)   7,889,117 
 59,744  *  Charter Communications, Inc   19,778,251 
 143,816  *  Electronic Arts, Inc   13,265,588 
 1,156,179  *  Facebook, Inc   192,723,477 
 36,142  *  IAC/InterActiveCorp   7,636,082 
 18,139     Interpublic Group of Cos, Inc   412,662 
 1,663  e  Lions Gate Entertainment Corp (Class A)   30,549 
205

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 3,246  e  Lions Gate Entertainment Corp (Class B)  $56,902 
 67,499  *  Live Nation, Inc   3,611,872 
 1,258  *  Madison Square Garden Co   349,598 
 27,573     Match Group, Inc   1,474,880 
 202,672  *  NetFlix, Inc   68,807,144 
 71,843     Omnicom Group, Inc   5,595,133 
 808,836  e  Sirius XM Holdings, Inc   4,715,514 
 32,168  *  Take-Two Interactive Software, Inc   3,395,332 
 52,375  *  TripAdvisor, Inc   3,005,278 
 348,567  *  Twitter, Inc   11,697,909 
 518,185     Walt Disney Co   57,787,991 
 20,676  *  Zillow Group, Inc   719,732 
 41,760  *  Zillow Group, Inc (Class C)   1,465,358 
       TOTAL MEDIA & ENTERTAINMENT   753,690,563 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.8%     
 736,740     AbbVie, Inc   59,152,855 
 25,272  *,e  Agios Pharmaceuticals, Inc   1,354,579 
 86,150  *  Alexion Pharmaceuticals, Inc   10,593,004 
 76,145  *  Alkermes plc   2,502,886 
 38,192  *  Alnylam Pharmaceuticals, Inc   3,190,178 
 290,658     Amgen, Inc   54,385,018 
 92,841  *  Biogen Idec, Inc   30,988,469 
 85,532  *  BioMarin Pharmaceutical, Inc   8,396,676 
 18,313     Bio-Techne Corp   3,194,886 
 18,209  *  Bluebird Bio, Inc   2,429,627 
 422,635     Bristol-Myers Squibb Co   20,865,490 
 21,477     Bruker BioSciences Corp   752,984 
 14,247  *  Catalent, Inc   526,142 
 341,675  *  Celgene Corp   30,224,571 
 15,688  *  Charles River Laboratories International, Inc   1,932,605 
 15,454  *,e  Elanco Animal Health, Inc   450,948 
 281,618     Eli Lilly & Co   33,754,734 
 58,227  *  Exact Sciences Corp   5,245,088 
 145,711  *  Exelixis, Inc   3,434,408 
 466,523     Gilead Sciences, Inc   32,661,275 
 71,178  *  Illumina, Inc   19,914,893 
 86,279  *  Incyte Corp   6,953,225 
 61,658  *  Ionis Pharmaceuticals, Inc   3,576,164 
 26,131  *  Jazz Pharmaceuticals plc   3,289,631 
 234,201     Johnson & Johnson   31,167,469 
 86,345     Merck & Co, Inc   6,426,658 
 11,800  *  Mettler-Toledo International, Inc   7,530,288 
 75,732  *  Nektar Therapeutics   3,206,493 
 42,865  *  Neurocrine Biosciences, Inc   3,781,550 
 28,351  *  PRA Health Sciences, Inc   3,004,355 
 38,821  *  Regeneron Pharmaceuticals, Inc   16,664,691 
 22,021  *  Sage Therapeutics, Inc   3,139,974 
 32,815  *  Sarepta Therapeutics, Inc   4,584,584 
 52,080  *  Seattle Genetics, Inc   3,980,474 
 11,818     Thermo Fisher Scientific, Inc   2,903,328 
 123,530  *  Vertex Pharmaceuticals, Inc   23,583,112 
 33,871  *  Waters Corp   7,831,653 
206

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 235,511     Zoetis, Inc  $20,291,628 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   477,866,593 
             
REAL ESTATE - 2.3%     
 3,724     Alexandria Real Estate Equities, Inc   490,488 
 212,735     American Tower Corp   36,769,118 
 73,970  *  CBRE Group, Inc   3,384,128 
 12,378     Colony Capital, Inc   75,134 
 16,965     Coresite Realty   1,675,972 
 151,815     Crown Castle International Corp   17,771,464 
 38,818     Equinix, Inc   15,294,292 
 42,802     Equity Lifestyle Properties, Inc   4,531,876 
 51,239     Extra Space Storage, Inc   5,052,678 
 37,744     Gaming and Leisure Properties, Inc   1,415,400 
 7,275  *  Howard Hughes Corp   807,816 
 11,502     Hudson Pacific Properties   373,470 
 37,503     Lamar Advertising Co   2,792,098 
 3,079     Life Storage, Inc   302,573 
 7,527     Omega Healthcare Investors, Inc   302,510 
 72,014     Public Storage, Inc   15,304,415 
 54,935  *  SBA Communications Corp   10,027,286 
 137,263     Simon Property Group, Inc   24,998,338 
 27,298     Taubman Centers, Inc   1,359,440 
       TOTAL REAL ESTATE   142,728,496 
             
RETAILING - 10.7%     
 9,984     Advance Auto Parts, Inc   1,589,453 
 197,607  *  Amazon.com, Inc   339,633,079 
 11,052  *  AutoZone, Inc   9,364,802 
 31,120     Best Buy Co, Inc   1,843,549 
 23,120  *  Booking Holdings, Inc   42,374,567 
 31,776  *  Burlington Stores, Inc   5,456,257 
 52,476  *  CarMax, Inc   3,084,539 
 129,762     Dollar General Corp   14,978,428 
 18,480  *  Dollar Tree, Inc   1,789,418 
 100,164  *  eBay, Inc   3,370,519 
 59,857     Expedia, Inc   7,137,947 
 23,461  *  Floor & Decor Holdings, Inc   804,478 
 4,232     Gap, Inc   107,662 
 42,942  *  GrubHub, Inc   3,452,537 
 559,886     Home Depot, Inc   102,755,878 
 20,857     L Brands, Inc   580,659 
 24,395  *  LKQ Corp   639,637 
 396,715     Lowe’s Companies, Inc   38,148,114 
 7,904  *  Michaels Cos, Inc   109,549 
 55,356     Nordstrom, Inc   2,569,072 
 38,251  *  O’Reilly Automotive, Inc   13,183,590 
 19,477     Pool Corp   2,919,797 
 179,011     Ross Stores, Inc   16,490,493 
 10,025     Tiffany & Co   889,518 
 601,330     TJX Companies, Inc   29,904,141 
207

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 59,033     Tractor Supply Co  $5,041,418 
 27,311  *  Ulta Beauty, Inc   7,972,627 
 34,174  *  Urban Outfitters, Inc   1,103,820 
 28,944  *,e  Wayfair, Inc   3,168,210 
 10,251     Williams-Sonoma, Inc   557,962 
       TOTAL RETAILING   661,021,720 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.9%     
 457,412  *  Advanced Micro Devices, Inc   11,165,427 
 29,088     Analog Devices, Inc   2,875,640 
 481,622     Applied Materials, Inc   18,821,788 
 120,220     Broadcom, Inc   32,249,015 
 114,432     Cypress Semiconductor Corp   1,587,172 
 73,913     Kla-Tencor Corp   7,876,908 
 75,436     Lam Research Corp   12,792,437 
 68,458     Marvell Technology Group Ltd   1,268,527 
 135,576     Maxim Integrated Products, Inc   7,357,709 
 110,887  e  Microchip Technology, Inc   8,911,988 
 434,135  *  Micron Technology, Inc   16,592,640 
 26,673     MKS Instruments, Inc   2,177,317 
 18,827     Monolithic Power Systems, Inc   2,382,745 
 282,437     NVIDIA Corp   40,600,319 
 9,708     NXP Semiconductors NV   844,887 
 196,050  *  ON Semiconductor Corp   3,928,842 
 61,203     Skyworks Solutions, Inc   4,470,267 
 14,159     Teradyne, Inc   509,582 
 466,643     Texas Instruments, Inc   46,981,617 
 21,458  e  Universal Display Corp   2,227,984 
 50,304     Versum Materials, Inc   1,849,678 
 124,521     Xilinx, Inc   13,938,881 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   241,411,370 
             
SOFTWARE & SERVICES - 19.9%     
 27,775  *  2U, Inc   1,579,009 
 313,175     Accenture plc   48,088,021 
 239,244  *  Adobe, Inc   59,289,448 
 74,582  *  Akamai Technologies, Inc   4,855,288 
 23,145     Alliance Data Systems Corp   4,110,321 
 40,852  *  Ansys, Inc   6,714,026 
 33,049  *  Aspen Technology, Inc   3,193,525 
 47,495  *  Atlassian Corp plc   4,673,508 
 90,312  *  Autodesk, Inc   13,293,926 
 213,897     Automatic Data Processing, Inc   29,911,357 
 69,448  *  Black Knight, Inc   3,416,147 
 62,253     Booz Allen Hamilton Holding Co   3,058,490 
 55,772     Broadridge Financial Solutions, Inc   5,623,491 
 136,422  *  Cadence Design Systems, Inc   6,552,349 
 60,954     CDK Global, Inc   2,981,260 
 16,683  *,e  Ceridian HCM Holding, Inc   687,506 
 65,788     Citrix Systems, Inc   6,745,902 
 256,031     Cognizant Technology Solutions Corp (Class A)   17,840,240 
 35,161  *  DocuSign, Inc   1,738,711 
208

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 3,062  *,e  Elastic NV  $260,270 
 25,055  *  EPAM Systems, Inc   3,544,781 
 11,461  *  Euronet Worldwide, Inc   1,318,130 
 13,593  *  Fair Isaac Corp   3,061,144 
 14,897     Fidelity National Information Services, Inc   1,557,183 
 57,890  *  FireEye, Inc   1,023,495 
 25,355  *  First American Corp   920,386 
 261,472  *  First Data Corp   6,445,285 
 194,565  *  Fiserv, Inc   16,135,275 
 42,779  *  FleetCor Technologies, Inc   8,633,230 
 68,595  *  Fortinet, Inc   5,252,319 
 42,313  *  Gartner, Inc   5,749,914 
 24,099     Genpact Ltd   718,873 
 77,763     Global Payments, Inc   8,731,230 
 77,746  *  GoDaddy, Inc   5,335,708 
 39,119  *  Guidewire Software, Inc   3,390,835 
 320,883     International Business Machines Corp   43,133,093 
 119,160     Intuit, Inc   25,717,111 
 36,458     Jack Henry & Associates, Inc   4,868,966 
 15,726     LogMeIn, Inc   1,462,833 
 29,982  *  Manhattan Associates, Inc   1,462,222 
 446,307     MasterCard, Inc (Class A)   94,228,797 
 3,490,715     Microsoft Corp   364,535,367 
 70,466  *  Nutanix, Inc   3,609,973 
 42,043  *  Okta, Inc   3,465,604 
 120,373     Oracle Corp   6,046,336 
 44,435  *  Palo Alto Networks, Inc   9,545,527 
 155,294     Paychex, Inc   10,994,815 
 24,209  *  Paycom Software, Inc   3,588,742 
 577,947  *  PayPal Holdings, Inc   51,298,576 
 17,413     Pegasystems, Inc   980,178 
 9,007  *  Pluralsight, Inc   270,030 
 23,276  *  Proofpoint, Inc   2,371,126 
 56,904  *  PTC, Inc   4,824,890 
 32,493  *  RealPage, Inc   1,812,135 
 85,911  *  Red Hat, Inc   15,278,412 
 32,933  *  RingCentral, Inc   3,044,327 
 107,766     Sabre Corp   2,476,463 
 350,114  *  salesforce.com, Inc   53,206,825 
 87,349  *  ServiceNow, Inc   19,218,527 
 9,269  *  SolarWinds Corp   162,671 
 70,264  *  Splunk, Inc   8,771,758 
 142,695  *  Square, Inc   10,181,288 
 92,503     SS&C Technologies Holdings, Inc   4,762,979 
 26,233  e  Switch, Inc   218,783 
 7,074  *  Synopsys, Inc   660,358 
 34,258  *  Tableau Software, Inc   4,379,543 
 39,659  *  Teradata Corp   1,760,066 
 87,365     Total System Services, Inc   7,828,778 
 42,841  *  Twilio, Inc   4,769,060 
 18,762  *  Tyler Technologies, Inc   3,549,583 
 14,420  *  Ultimate Software Group, Inc   3,937,669 
209

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 50,989  *  VeriSign, Inc  $8,630,908 
 856,523     Visa, Inc (Class A)   115,639,170 
 35,053     VMware, Inc (Class A)   5,295,457 
 58,882     Western Union Co   1,074,596 
 20,090  *  WEX, Inc   3,241,120 
 71,052  *  Workday, Inc   12,898,070 
 12,038  *  Worldpay, Inc   1,004,932 
 49,449  *  Zendesk, Inc   3,339,291 
       TOTAL SOFTWARE & SERVICES   1,225,977,538 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 7.2%     
 146,382     Amphenol Corp (Class A)   12,869,905 
 2,309,446     Apple, Inc   384,384,192 
 28,262  *  Arista Networks, Inc   6,070,112 
 72,625     CDW Corp   6,047,484 
 80,094     Cognex Corp   3,644,277 
 8,212  *  Coherent, Inc   970,658 
 4,480  *  Dell Technologies, Inc   217,683 
 29,326  *  F5 Networks, Inc   4,720,020 
 5,601     Flir Systems, Inc   273,777 
 16,685  *  IPG Photonics Corp   2,219,105 
 9,267     Littelfuse, Inc   1,628,397 
 8,483     Motorola, Inc   991,748 
 43,117     National Instruments Corp   1,906,634 
 44,885  *  NCR Corp   1,200,674 
 126,606     NetApp, Inc   8,073,665 
 83,955  *  Pure Storage, Inc   1,503,634 
 8,904  e  Ubiquiti Networks, Inc   963,502 
 25,574  *  Zebra Technologies Corp (Class A)   4,439,646 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   442,125,113 
             
TELECOMMUNICATION SERVICES - 0.2%     
 98,572  *  T-Mobile US, Inc   6,862,583 
 107,062  *  Zayo Group Holdings, Inc   2,938,852 
       TOTAL TELECOMMUNICATION SERVICES   9,801,435 
             
TRANSPORTATION - 2.6%     
 65,618     CH Robinson Worldwide, Inc   5,693,674 
 183,721     CSX Corp   12,070,470 
 79,038     Delta Air Lines, Inc   3,906,848 
 83,001     Expeditors International of Washington, Inc   5,751,969 
 118,605     FedEx Corp   21,060,690 
 5,812  *  Genesee & Wyoming, Inc (Class A)   456,358 
 41,869     JB Hunt Transport Services, Inc   4,481,658 
 19,858     Landstar System, Inc   2,017,176 
 31,768     Old Dominion Freight Line   4,318,224 
 3,603     Schneider National, Inc   76,528 
 178,302     Southwest Airlines Co   10,120,421 
 330,731     Union Pacific Corp   52,609,380 
 335,848     United Parcel Service, Inc (Class B)   35,398,379 
 61,438  *  XPO Logistics, Inc   3,734,202 
       TOTAL TRANSPORTATION   161,695,977 
             
       TOTAL COMMON STOCKS   6,149,475,049 
       (Cost $4,035,871,674)   
210

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

 

PRINCIPAL     ISSUER  RATE  MATURITY
DATE
  VALUE 
                  
SHORT-TERM INVESTMENTS - 0.3%             
              
GOVERNMENT AGENCY DEBT - 0.1%             
$8,900,000     Federal Home Loan Bank (FHLB)   2.260%  02/01/19  $8,900,000 
       TOTAL GOVERNMENT AGENCY DEBT           8,900,000 
                     
SHARES    COMPANY             
                    
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.2%             
 10,784,836 c   State Street Navigator Securities Lending Government Money Market Portfolio   10,784,836 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   10,784,836 
                     
       TOTAL SHORT-TERM INVESTMENTS           19,684,836 
       (Cost $19,684,836)             
       TOTAL INVESTMENTS - 100.3%           6,169,159,885 
       (Cost $4,055,556,510)             
       OTHER ASSETS & LIABILITIES, NET - (0.3)%           (21,028,319)
       NET ASSETS - 100.0%          $6,148,131,566 

 

       
*   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 $10,565,496.
211

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

TIAA-CREF FUNDS

LARGE-CAP VALUE INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES      COMPANY  VALUE 
               
COMMON STOCKS - 99.8%        
               
AUTOMOBILES & COMPONENTS - 1.0%        
 49,601      Adient plc  $979,124 
 16,655      Aptiv plc   1,317,910 
 101,510      BorgWarner, Inc   4,151,759 
 1,930,045      Ford Motor Co   16,984,396 
 14,088   *,e  Garrett Motion, Inc   224,985 
 652,692      General Motors Co   25,468,042 
 41,963      Gentex Corp   888,776 
 114,732      Goodyear Tire & Rubber Co   2,431,171 
 79,398      Harley-Davidson, Inc   2,926,610 
 28,254      Lear Corp   4,349,138 
 4,162      Thor Industries, Inc   271,030 
 8,048   *  Visteon Corp   618,811 
        TOTAL AUTOMOBILES & COMPONENTS   60,611,752 
               
BANKS - 11.2%        
 82,263      Associated Banc-Corp   1,780,994 
 4,556,108      Bank of America Corp   129,712,395 
 19,862      Bank of Hawaii Corp   1,535,928 
 57,822      Bank OZK   1,754,319 
 49,554      BankUnited   1,675,421 
 380,342      BB&T Corp   18,560,690 
 13,031      BOK Financial Corp   1,083,006 
 55,136      CIT Group, Inc   2,546,732 
 1,216,568      Citigroup, Inc   78,419,973 
 235,621      Citizens Financial Group, Inc   7,992,264 
 74,302      Comerica, Inc   5,850,539 
 49,512      Commerce Bancshares, Inc   2,960,818 
 28,105      Cullen/Frost Bankers, Inc   2,734,054 
 66,761      East West Bancorp, Inc   3,359,413 
 324,212      Fifth Third Bancorp   8,695,366 
 3,766      First Citizens Bancshares, Inc (Class A)   1,534,758 
 50,496      First Hawaiian, Inc   1,299,262 
 155,445      First Horizon National Corp   2,281,933 
 80,675      First Republic Bank   7,795,625 
 153,851      FNB Corp   1,792,364 
 516,773      Huntington Bancshares, Inc   6,842,075 
 1,648,013      JPMorgan Chase & Co   170,569,346 
 511,989      Keycorp   8,432,459 
 69,825      M&T Bank Corp   11,489,005 
 244,460      New York Community Bancorp, Inc   2,840,625 
 59,716      PacWest Bancorp   2,304,440 
 180,850      People’s United Financial, Inc   2,962,323 
 20,289      Pinnacle Financial Partners, Inc   1,090,940 
 230,940      PNC Financial Services Group, Inc   28,329,410 
 49,447      Popular, Inc   2,700,301 
212

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES      COMPANY  VALUE 
            
 33,227      Prosperity Bancshares, Inc  $2,363,769 
 519,147      Regions Financial Corp   7,875,460 
 9,619      Signature Bank   1,224,595 
 106,213      Sterling Bancorp/DE   2,043,538 
 223,416      SunTrust Banks, Inc   13,275,379 
 6,429   *  SVB Financial Group   1,500,400 
 56,777      Synovus Financial Corp   2,011,041 
 78,542      TCF Financial Corp   1,740,491 
 8,628   *  Texas Capital Bancshares, Inc   502,754 
 28,690      TFS Financial Corp   467,934 
 104,464      Umpqua Holdings Corp   1,846,924 
 752,652      US Bancorp   38,505,676 
 43,546      Webster Financial Corp   2,346,258 
 2,113,169      Wells Fargo & Co   103,355,096 
 18,588   *  Western Alliance Bancorp   823,077 
 26,591      Wintrust Financial Corp   1,891,684 
 96,975      Zions Bancorporation   4,615,040 
        TOTAL BANKS   707,315,894 
               
CAPITAL GOODS - 5.5%        
 46,493      3M Co   9,312,548 
 19,390      Acuity Brands, Inc   2,344,445 
 79,872   *  Aecom Technology Corp   2,444,882 
 32,513      AGCO Corp   2,087,334 
 44,459      Air Lease Corp   1,686,774 
 7,782      Allegion plc   668,162 
 90,544      Ametek, Inc   6,600,658 
 217,262      Arconic, Inc   4,088,871 
 29,611      Arcosa, Inc   871,452 
 28,393      Carlisle Cos, Inc   3,058,778 
 23,807      Caterpillar, Inc   3,170,140 
 47,261   *  Colfax Corp   1,169,710 
 24,045      Crane Co   1,989,964 
 46,583      Cummins, Inc   6,852,825 
 21,013      Curtiss-Wright Corp   2,385,396 
 4,556      Donaldson Co, Inc   215,408 
 72,631      Dover Corp   6,379,181 
 216,679      Eaton Corp   16,521,774 
 89,181      Emerson Electric Co   5,838,680 
 66,912      Flowserve Corp   2,946,804 
 71,837      Fluor Corp   2,627,079 
 13,234      Fortive Corp   992,418 
 40,547      Fortune Brands Home & Security, Inc   1,836,779 
 42,455   *  Gardner Denver Holdings, Inc   1,047,365 
 21,166   *  Gates Industrial Corp plc   315,585 
 70,437      General Dynamics Corp   12,056,701 
 4,292,963      General Electric Co   43,616,504 
 29,100      GrafTech International Ltd   384,411 
 66,566   *  HD Supply Holdings, Inc   2,791,778 
 33,603      Hexcel Corp   2,275,259 
 141,136      Honeywell International, Inc   20,271,364 
 8,409      Hubbell, Inc   919,356 
 2,997      Huntington Ingalls   618,731 
213

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES      COMPANY  VALUE 
              
 2,553      IDEX Corp  $351,956 
 54,275      Ingersoll-Rand plc   5,429,671 
 43,225      ITT, Inc   2,271,906 
 63,254      Jacobs Engineering Group, Inc   4,098,859 
 456,885      Johnson Controls International plc   15,429,006 
 39,288      L3 Technologies, Inc   7,735,021 
 1,449      Lennox International, Inc   332,227 
 10,926      Lockheed Martin Corp   3,165,153 
 46,775      Masco Corp   1,515,978 
 10,817   *  Middleby Corp   1,272,295 
 10,939      MSC Industrial Direct Co (Class A)   913,297 
 1,821      Nordson Corp   236,074 
 84,381      nVent Electric plc   2,111,213 
 37,319      Oshkosh Truck Corp   2,800,791 
 52,229      Owens Corning, Inc   2,736,277 
 169,552      PACCAR, Inc   11,109,047 
 54,164      Parker-Hannifin Corp   8,926,769 
 76,698      Pentair plc   3,159,191 
 48,024      Quanta Services, Inc   1,697,168 
 20,839      Regal-Beloit Corp   1,599,602 
 23,180   *  Resideo Technologies, Inc   508,337 
 40,728      Roper Industries, Inc   11,536,613 
 36,706   *  Sensata Technologies Holding plc   1,743,535 
 27,822      Snap-On, Inc   4,618,174 
 75,061      Stanley Black & Decker, Inc   9,490,713 
 17,612   *  Teledyne Technologies, Inc   3,948,963 
 32,422      Terex Corp   995,680 
 100,443      Textron, Inc   5,346,581 
 32,939      Timken Co   1,402,872 
 70,091      Trinity Industries, Inc   1,638,727 
 403,379      United Technologies Corp   47,626,959 
 56,435   *  Univar, Inc   1,175,541 
 38,529      USG Corp   1,662,526 
 10,630      Valmont Industries, Inc   1,371,270 
 28,285   e  Wabtec Corp   1,956,191 
 2,993      Watsco, Inc   441,408 
 23,292   *  WESCO International, Inc   1,220,501 
 37,681      Xylem, Inc   2,685,148 
        TOTAL CAPITAL GOODS   346,648,356 
               
COMMERCIAL & PROFESSIONAL SERVICES - 0.6%        
 50,297   e  ADT, Inc   363,144 
 24,532   *  Clean Harbors, Inc   1,452,540 
 9,894      Dun & Bradstreet Corp   1,432,058 
 42,862      Equifax, Inc   4,587,091 
 188,676   *  IHS Markit Ltd   9,796,058 
 4,104      KAR Auction Services, Inc   213,449 
 31,284      Manpower, Inc   2,472,375 
 177,412      Nielsen NV   4,555,940 
 100,734      Republic Services, Inc   7,727,305 
 39,488   *  Stericycle, Inc   1,740,631 
 33,381      Waste Management, Inc   3,193,560 
        TOTAL COMMERCIAL & PROFESSIONAL SERVICES   37,534,151 
214

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES      COMPANY  VALUE 
               
CONSUMER DURABLES & APPAREL - 0.8%        
 37,317      Brunswick Corp  $1,877,791 
 31,487   *  Capri Holdings Ltd   1,337,568 
 12,775      Columbia Sportswear Co   1,139,402 
 67,878      DR Horton, Inc   2,609,909 
 57,014   *  Garmin Ltd   3,944,229 
 11,767      Hasbro, Inc   1,065,620 
 62,443      Leggett & Platt, Inc   2,557,665 
 2,777      Lennar Corp (B Shares)   105,859 
 62,637      Lennar Corp (Class A)   2,970,247 
 136,862   *,e  Mattel, Inc   1,620,446 
 30,112   *  Mohawk Industries, Inc   3,878,124 
 212,394      Newell Rubbermaid, Inc   4,504,877 
 90,969      Pulte Homes, Inc   2,529,848 
 38,261      PVH Corp   4,174,658 
 27,654      Ralph Lauren Corp   3,211,736 
 35,830   *  Skechers U.S.A., Inc (Class A)   973,501 
 114,206      Tapestry, Inc   4,420,914 
 37,529      Toll Brothers, Inc   1,386,321 
 24,945   *  Under Armour, Inc   472,458 
 17,468   *  Under Armour, Inc (Class A)   362,286 
 35,491      VF Corp   2,987,277 
 30,956      Whirlpool Corp   4,117,458 
        TOTAL CONSUMER DURABLES & APPAREL   52,248,194 
               
CONSUMER SERVICES - 2.0%
 122,300      ARAMARK Holdings Corp   4,029,785 
 4,294   *  Bright Horizons Family Solutions   497,202 
 283,095   *  Caesars Entertainment Corp   2,587,488 
 199,721      Carnival Corp   11,499,935 
 30,947      Darden Restaurants, Inc   3,247,269 
 36,063      Extended Stay America, Inc   616,677 
 1,998      Graham Holdings Co   1,328,670 
 85,865      H&R Block, Inc   2,025,555 
 21,649      Hyatt Hotels Corp   1,513,482 
 52,431      International Game Technology plc   857,771 
 69,516      Las Vegas Sands Corp   4,056,954 
 311,662      McDonald’s Corp   55,718,932 
 225,622      MGM Resorts International   6,642,312 
 107,832   *  Norwegian Cruise Line Holdings Ltd   5,545,800 
 82,258      Royal Caribbean Cruises Ltd   9,875,073 
 44,658      Service Corp International   1,916,721 
 166,559      Yum China Holdings, Inc   6,071,076 
 109,097      Yum! Brands, Inc   10,252,936 
        TOTAL CONSUMER SERVICES   128,283,638 
               
DIVERSIFIED FINANCIALS - 4.6%        
 25,809      Affiliated Managers Group, Inc   2,708,655 
 252,939      AGNC Investment Corp   4,530,138 
 205,420      Ally Financial, Inc   5,353,245 
215

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES      COMPANY  VALUE 
              
 111,432      American Express Co  $11,444,066 
 57,402      Ameriprise Financial, Inc   7,267,093 
 684,753      Annaly Capital Management, Inc   7,148,821 
 93,890      AXA Equitable Holdings, Inc   1,740,721 
 455,798      Bank of New York Mellon Corp   23,847,351 
 124,805      BGC Partners, Inc (Class A)   772,543 
 60,319      BlackRock, Inc   25,037,211 
 217,969      Capital One Financial Corp   17,566,122 
 3,891      CBOE Holdings, Inc   362,914 
 89,998      Chimera Investment Corp   1,712,662 
 155,459      CME Group, Inc   28,337,067 
 593   *  Credit Acceptance Corp   236,026 
 89,713      Discover Financial Services   6,054,730 
 96,808      E*TRADE Financial Corp   4,517,061 
 150,967      Franklin Resources, Inc   4,470,133 
 173,499      Goldman Sachs Group, Inc   34,354,537 
 3,014      Interactive Brokers Group, Inc (Class A)   151,906 
 133,797      IntercontinentalExchange Group, Inc   10,270,258 
 203,225      Invesco Ltd   3,702,760 
 92,640      iShares Russell 1000 Value Index Fund   11,073,259 
 147,903      Jefferies Financial Group, Inc   3,077,861 
 6,589      Lazard Ltd (Class A)   262,176 
 40,133      Legg Mason, Inc   1,195,963 
 221,570      MFA Mortgage Investments, Inc   1,624,108 
 604,717      Morgan Stanley   25,579,529 
 58,024      NASDAQ OMX Group, Inc   5,108,433 
 131,333      Navient Corp   1,497,196 
 178,943      New Residential Investment Corp   3,038,452 
 72,945      Northern Trust Corp   6,452,715 
 33,765   *  OneMain Holdings, Inc   1,009,236 
 46,426      Raymond James Financial, Inc   3,737,293 
 47,967      Santander Consumer USA Holdings, Inc   914,251 
 216,691   *  SLM Corp   2,320,761 
 175,028      State Street Corp   12,409,485 
 240,887      Synchrony Financial   7,236,245 
 7,882      T Rowe Price Group, Inc   736,652 
 125,999      Two Harbors Investment Corp   1,838,325 
 74,705      Voya Financial, Inc   3,468,553 
        TOTAL DIVERSIFIED FINANCIALS   294,166,513 
               
ENERGY - 9.6%        
 165,958      Anadarko Petroleum Corp   7,854,792 
 48,143   *  Antero Resources Corp   484,319 
 175,224      Apache Corp   5,750,852 
 41,067   *  Apergy Corp   1,380,673 
 253,665      Baker Hughes a GE Co   5,978,884 
 56,103      Cabot Oil & Gas Corp   1,399,770 
 87,218   *  Centennial Resource Development, Inc   1,148,661 
 34,469   *  Cheniere Energy, Inc   2,262,890 
 427,448   *,e  Chesapeake Energy Corp   1,218,227 
 948,670      Chevron Corp   108,765,016 
 41,732      Cimarex Energy Co   3,144,089 
 94,575   *  CNX Resources Corp   1,148,141 
216

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES      COMPANY  VALUE 
              
 83,637   *  Concho Resources, Inc  $10,023,058 
 573,532      ConocoPhillips   38,822,381 
 23,919   *  Continental Resources, Inc   1,104,340 
 228,928   *  Devon Energy Corp   6,100,931 
 66,035      Diamondback Energy, Inc   6,809,529 
 255,521      EOG Resources, Inc   25,347,683 
 130,278      EQT Corp   2,536,513 
 104,222   *  Equitrans Midstream Corp   2,169,902 
 69,400   *,e  Extraction Oil & Gas, Inc   273,436 
 2,107,289      Exxon Mobil Corp   154,422,138 
 53,378      Helmerich & Payne, Inc   2,988,634 
 129,402      Hess Corp   6,987,708 
 79,891      HollyFrontier Corp   4,501,059 
 941,442      Kinder Morgan, Inc   17,040,100 
 91,315   *  Kosmos Energy Ltd   468,446 
 415,530      Marathon Oil Corp   6,561,219 
 334,405      Marathon Petroleum Corp   22,157,675 
 78,186      Murphy Oil Corp   2,138,387 
 177,092      Nabors Industries Ltd   524,192 
 193,199      National Oilwell Varco, Inc   5,695,507 
 60,371   *  Newfield Exploration Co   1,103,582 
 235,436      Noble Energy, Inc   5,259,640 
 376,503      Occidental Petroleum Corp   25,142,870 
 120,087      ONEOK, Inc   7,710,786 
 42,742   *  Parsley Energy, Inc   794,146 
 104,987      Patterson-UTI Energy, Inc   1,273,492 
 62,106      PBF Energy, Inc   2,274,322 
 205,574      Phillips 66   19,613,815 
 37,588      Pioneer Natural Resources Co   5,349,524 
 125,601   *  Questar Market Resources, Inc   1,038,720 
 100,495      Range Resources Corp   1,108,460 
 17,141   e  RPC, Inc   184,952 
 689,828      Schlumberger Ltd   30,497,296 
 59,337      SM Energy Co   1,164,192 
 110,620      Targa Resources Investments, Inc   4,757,766 
 251,342   *  Transocean Ltd (NYSE)   2,154,001 
 210,687      Valero Energy Corp   18,502,532 
 43,081   *  Whiting Petroleum Corp   1,233,409 
 607,956      Williams Cos, Inc   16,372,255 
 197,727   *  WPX Energy, Inc   2,424,133 
        TOTAL ENERGY   605,169,045 
               
FOOD & STAPLES RETAILING - 1.8%        
 18,572      Casey’s General Stores, Inc   2,389,845 
 395,201      Kroger Co   11,196,044 
 102,047   *  US Foods Holding Corp   3,441,025 
 403,208      Walgreens Boots Alliance, Inc   29,135,810 
 710,525      Walmart, Inc   68,089,611 
        TOTAL FOOD & STAPLES RETAILING   114,252,335 
217

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES      COMPANY  VALUE 
              
FOOD, BEVERAGE & TOBACCO - 3.5%        
 275,933      Archer Daniels Midland Co  $12,389,392 
 70,302      Bunge Ltd   3,871,531 
 30,354      Campbell Soup Co   1,075,442 
 424,054      Coca-Cola Co   20,409,719 
 236,333      ConAgra Brands, Inc   5,114,246 
 93,808      Flowers Foods, Inc   1,844,265 
 278,114      General Mills, Inc   12,359,386 
 50,469   *  Hain Celestial Group, Inc   925,097 
 6,184      Hershey Co   656,122 
 134,633      Hormel Foods Corp   5,697,669 
 34,296      Ingredion, Inc   3,395,304 
 54,329      J.M. Smucker Co   5,698,026 
 62,347      Kellogg Co   3,679,096 
 299,378      Kraft Heinz Co   14,388,107 
 72,580      Lamb Weston Holdings, Inc   5,247,534 
 56,535      McCormick & Co, Inc   6,989,987 
 85,886      Molson Coors Brewing Co (Class B)   5,720,866 
 710,300      Mondelez International, Inc   32,858,478 
 78,455      PepsiCo, Inc   8,839,525 
 773,551      Philip Morris International, Inc   59,346,833 
 25,218   *  Pilgrim’s Pride Corp   510,917 
 13,166   *  Post Holdings, Inc   1,222,068 
 137      Seaboard Corp   529,391 
 26,075   *  TreeHouse Foods, Inc   1,521,737 
 144,741      Tyson Foods, Inc (Class A)   8,962,363 
        TOTAL FOOD, BEVERAGE & TOBACCO   223,253,101 
               
HEALTH CARE EQUIPMENT & SERVICES - 6.5%        
 851,842      Abbott Laboratories   62,167,429 
 41,737   *  Acadia Healthcare Co, Inc   1,141,924 
 129,438      Anthem, Inc   39,219,714 
 220,326      Baxter International, Inc   15,971,432 
 119,865      Becton Dickinson & Co   29,901,523 
 156,984   *  Boston Scientific Corp   5,988,940 
 149,776      Cardinal Health, Inc   7,484,307 
 11,225   *  Centene Corp   1,465,648 
 86,269   *  Cerner Corp   4,737,031 
 133,302      Cigna Corp   26,635,073 
 20,153      Cooper Cos, Inc   5,617,850 
 590,848      CVS Health Corp   38,730,086 
 307,524      Danaher Corp   34,110,562 
 31,011   *  DaVita, Inc   1,740,647 
 111,161      Dentsply Sirona, Inc   4,663,204 
 38,131      HCA Holdings, Inc   5,316,605 
 64,843   *  Henry Schein, Inc   5,038,301 
 11,061      Hill-Rom Holdings, Inc   1,106,321 
 133,964   *  Hologic, Inc   5,948,002 
 3,268      Humana, Inc   1,009,779 
 7,801   *  Integra LifeSciences Holdings Corp   369,455 
 46,738   *  Laboratory Corp of America Holdings   6,512,940 
 84,648      McKesson Corp   10,856,106 
 44,744   *  MEDNAX, Inc   1,615,706 
 673,623      Medtronic plc   59,541,537 
218

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES      COMPANY  VALUE 
              
 4,541   *  Molina Healthcare, Inc  $603,862 
 18,383   *  Premier, Inc   731,460 
 66,273      Quest Diagnostics, Inc   5,788,947 
 41,525      STERIS Plc   4,736,341 
 18,242      Teleflex, Inc   4,989,187 
 41,881      Universal Health Services, Inc (Class B)   5,550,489 
 1,875   *  WellCare Health Plans, Inc   518,400 
 28,565      West Pharmaceutical Services, Inc   3,092,733 
 100,628      Zimmer Biomet Holdings, Inc   11,024,804 
        TOTAL HEALTH CARE EQUIPMENT & SERVICES   413,926,345 
               
HOUSEHOLD & PERSONAL PRODUCTS - 2.4%        
 17,714      Church & Dwight Co, Inc   1,144,502 
 8,046      Clorox Co   1,193,866 
 343,231      Colgate-Palmolive Co   22,200,181 
 234,676      Coty, Inc   1,821,086 
 11,945      Energizer Holdings, Inc   566,193 
 44,514   *  Herbalife Ltd   2,657,486 
 23,209      Kimberly-Clark Corp   2,585,018 
 19,928      Nu Skin Enterprises, Inc (Class A)   1,308,273 
 1,240,385      Procter & Gamble Co   119,659,941 
 11,056      Spectrum Brands Holdings, Inc   617,809 
        TOTAL HOUSEHOLD & PERSONAL PRODUCTS   153,754,355 
               
INSURANCE - 7.0%        
 378,356      Aflac, Inc   18,047,581 
 6,207      Alleghany Corp   3,920,093 
 170,890      Allstate Corp   15,016,104 
 36,142      American Financial Group, Inc   3,447,585 
 376,534      American International Group, Inc   16,277,565 
 3,746      American National Insurance Co   521,406 
 161,731   *  Arch Capital Group Ltd   4,746,805 
 90,784      Arthur J. Gallagher & Co   6,782,473 
 27,761      Aspen Insurance Holdings Ltd   1,158,467 
 26,947      Assurant, Inc   2,597,421 
 51,791      Assured Guaranty Ltd   2,100,643 
 78,894   *  Athene Holding Ltd   3,384,553 
 34,898      Axis Capital Holdings Ltd   1,868,788 
 842,266   *  Berkshire Hathaway, Inc (Class B)   173,119,354 
 62,065   *  Brighthouse Financial, Inc   2,317,507 
 109,824      Brown & Brown, Inc   2,982,820 
 228,107      Chubb Ltd   30,349,636 
 75,734      Cincinnati Financial Corp   6,143,542 
 14,382      CNA Financial Corp   659,558 
 2,164      Erie Indemnity Co (Class A)   316,766 
 12,613      Everest Re Group Ltd   2,762,878 
 52,798      First American Financial Corp   2,644,124 
 130,851      FNF Group   4,731,572 
 20,519      Hanover Insurance Group, Inc   2,339,987 
 177,763      Hartford Financial Services Group, Inc   8,340,640 
 107,187      Lincoln National Corp   6,269,368 
219

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES      COMPANY  VALUE 
              
 138,254      Loews Corp  $6,622,367 
 6,075   *  Markel Corp   6,400,073 
 133,529      Marsh & McLennan Cos, Inc   11,775,922 
 15,047      Mercury General Corp   777,930 
 418,465      Metlife, Inc   19,111,297 
 134,981      Old Republic International Corp   2,719,867 
 139,728      Principal Financial Group   6,996,181 
 203,806      Prudential Financial, Inc   18,778,685 
 30,740      Reinsurance Group of America, Inc (Class A)   4,440,393 
 18,595      RenaissanceRe Holdings Ltd   2,566,668 
 50,249      Torchmark Corp   4,208,856 
 106,541      Travelers Cos, Inc   13,375,157 
 105,782      UnumProvident Corp   3,676,982 
 47,625      W.R. Berkley Corp   3,661,886 
 1,664      White Mountains Insurance Group Ltd   1,486,917 
 64,750      Willis Towers Watson plc   10,540,652 
        TOTAL INSURANCE   439,987,069 
               
MATERIALS - 4.0%        
 109,719      Air Products & Chemicals, Inc   18,036,706 
 52,228      Albemarle Corp   4,216,366 
 93,632   *  Alcoa Corp   2,778,998 
 31,526      Aptargroup, Inc   3,124,857 
 2,610      Ardagh Group S.A.   31,633 
 32,091      Ashland Global Holdings, Inc   2,435,707 
 61,723   *  Axalta Coating Systems Ltd   1,581,343 
 167,774      Ball Corp   8,771,225 
 43,178      Bemis Co, Inc   2,108,813 
 31,317   *  Berry Plastics Group, Inc   1,542,362 
 28,903      Cabot Corp   1,355,262 
 23,680      Celanese Corp (Series A)   2,267,597 
 114,301      CF Industries Holdings, Inc   4,989,239 
 29,752      Domtar Corp   1,395,369 
 1,142,854      DowDuPont, Inc   61,496,974 
 2,721      Eagle Materials, Inc   193,191 
 67,953      Eastman Chemical Co   5,478,371 
 70,199      Ecolab, Inc   11,103,376 
 61,961   *  Element Solutions Inc   696,442 
 40,240      FMC Corp   3,211,152 
 718,087      Freeport-McMoRan Copper & Gold, Inc (Class B)   8,358,533 
 122,353      Graphic Packaging Holding Co   1,476,801 
 103,975      Huntsman Corp   2,284,331 
 26,886      International Flavors & Fragrances, Inc   3,811,897 
 178,533      International Paper Co   8,467,820 
 111,672      Linde plc   18,203,653 
 81,510      LyondellBasell Industries AF S.C.A   7,088,925 
 2,486      Martin Marietta Materials, Inc   439,226 
 173,478      Mosaic Co   5,599,870 
 346      NewMarket Corp   138,777 
 265,491      Newmont Mining Corp   9,055,898 
 155,093      Nucor Corp   9,497,895 
 80,924      Olin Corp   1,910,616 
 77,063      Owens-Illinois, Inc   1,546,654 
220

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES      COMPANY  VALUE 
              
 111,742      PPG Industries, Inc  $11,782,076 
 33,439      Reliance Steel & Aluminum Co   2,737,985 
 18,951      Royal Gold, Inc   1,655,749 
 49,880      RPM International, Inc   2,851,141 
 9,733      Scotts Miracle-Gro Co (Class A)   723,649 
 34,453      Sealed Air Corp   1,360,893 
 30,890      Silgan Holdings, Inc   853,182 
 50,221      Sonoco Products Co   2,891,725 
 91,343      Steel Dynamics, Inc   3,342,240 
 89,848      United States Steel Corp   2,025,174 
 91,578      Valvoline, Inc   2,024,790 
 4,954      Vulcan Materials Co   503,574 
 1,335      Westlake Chemical Corp   98,656 
 124,767      WestRock Co   5,079,265 
 8,101      WR Grace and Co   575,252 
        TOTAL MATERIALS   253,201,230 
               
MEDIA & ENTERTAINMENT - 3.3%        
 25,478   *  Charter Communications, Inc   8,434,492 
 51,613      Cinemark Holdings, Inc   2,112,004 
 2,275,316      Comcast Corp (Class A)   83,208,306 
 75,586   *  Discovery, Inc (Class A)   2,145,131 
 171,949   *  Discovery, Inc (Class C)   4,582,441 
 112,084   *  DISH Network Corp (Class A)   3,437,616 
 48,038   *  GCI Liberty, Inc   2,445,134 
 172,818      Interpublic Group of Cos, Inc   3,931,610 
 23,016      John Wiley & Sons, Inc (Class A)   1,191,769 
 13,981   *  Liberty Broadband Corp (Class A)   1,185,169 
 49,610   *  Liberty Broadband Corp (Class C)   4,217,842 
 13,075   *  Liberty Media Group (Class A)   400,095 
 97,888   *  Liberty Media Group (Class C)   3,070,747 
 40,163   *  Liberty SiriusXM Group (Class A)   1,597,684 
 81,076   *  Liberty SiriusXM Group (Class C)   3,239,797 
 21,744   e  Lions Gate Entertainment Corp (Class A)   399,437 
 43,140   e  Lions Gate Entertainment Corp (Class B)   756,244 
 8,066   *  Madison Square Garden Co   2,241,541 
 191,375      News Corp (Class A)   2,455,341 
 66,212      News Corp (Class B)   856,121 
 36,438      Omnicom Group, Inc   2,837,792 
 23,273   *  Take-Two Interactive Software, Inc   2,456,465 
 45,765      Tribune Co   2,101,071 
 516,172      Twenty-First Century Fox, Inc   25,452,441 
 241,501      Twenty-First Century Fox, Inc (Class B)   11,848,039 
 5,513   e  Viacom, Inc   189,041 
 175,507      Viacom, Inc (Class B)   5,163,416 
 211,106      Walt Disney Co   23,542,541 
 3,746   *  Zillow Group, Inc   130,398 
 17,877   *  Zillow Group, Inc (Class C)   627,304 
 386,162   *  Zynga, Inc   1,730,006 
        TOTAL MEDIA & ENTERTAINMENT   207,987,035 
221

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES      COMPANY  VALUE 
            
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.6%        
 159,338      Agilent Technologies, Inc  $12,117,655 
 2,359   *  Agios Pharmaceuticals, Inc   126,442 
 17,414   *  Alexion Pharmaceuticals, Inc   2,141,225 
 167,494      Allergan plc   24,115,786 
 5,483   *  Alnylam Pharmaceuticals, Inc   457,995 
 18,577      Amgen, Inc   3,475,943 
 5,219   *  Biogen Idec, Inc   1,741,998 
 10,354   *  Bio-Rad Laboratories, Inc (Class A)   2,587,154 
 8,555   *  Bluebird Bio, Inc   1,141,494 
 378,571      Bristol-Myers Squibb Co   18,690,050 
 28,524      Bruker BioSciences Corp   1,000,051 
 52,848   *  Catalent, Inc   1,951,677 
 6,376   *  Charles River Laboratories International, Inc   785,459 
 18,964   *,e  Elanco Animal Health, Inc   553,370 
 178,874      Eli Lilly & Co   21,439,838 
 163,240      Gilead Sciences, Inc   11,428,432 
 81,066   *  IQVIA Holdings, Inc   10,458,325 
 2,269   *  Jazz Pharmaceuticals plc   285,644 
 1,096,460      Johnson & Johnson   145,916,897 
 1,209,351      Merck & Co, Inc   90,011,995 
 255,714   *  Mylan NV   7,658,634 
 54,631   *  PerkinElmer, Inc   4,944,106 
 61,167      Perrigo Co plc   2,841,207 
 2,889,367      Pfizer, Inc   122,653,629 
 110,685   *  QIAGEN NV   4,098,666 
 187,839      Thermo Fisher Scientific, Inc   46,146,407 
 21,302   *  United Therapeutics Corp   2,456,760 
 2,670   *  Waters Corp   617,357 
        TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   541,844,196 
               
REAL ESTATE - 5.2%        
 48,023      Alexandria Real Estate Equities, Inc   6,325,109 
 69,096      American Campus Communities, Inc   3,179,798 
 132,098      American Homes 4 Rent   2,920,687 
 74,412      Apartment Investment & Management Co (Class A)   3,684,882 
 106,601      Apple Hospitality REIT, Inc   1,749,322 
 68,116      AvalonBay Communities, Inc   13,140,939 
 76,779      Boston Properties, Inc   10,124,847 
 92,998      Brandywine Realty Trust   1,399,620 
 153,112      Brixmor Property Group, Inc   2,622,809 
 61,194      Brookfield Property REIT, Inc   1,113,731 
 42,316      Camden Property Trust   4,102,536 
 82,949   *  CBRE Group, Inc   3,794,917 
 225,705      Colony Capital, Inc   1,370,029 
 62,030      Columbia Property Trust, Inc   1,369,002 
 52,043      Corporate Office Properties Trust   1,284,942 
 50,305      Crown Castle International Corp   5,888,703 
 92,150      CubeSmart   2,852,043 
 51,276      CyrusOne, Inc   2,779,159 
 101,569      Digital Realty Trust, Inc   11,003,985 
 76,534      Douglas Emmett, Inc   2,895,281 
 177,068      Duke Realty Corp   5,177,468 
222

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES      COMPANY  VALUE 
              
 78,276      Empire State Realty Trust, Inc  $1,210,147 
 37,034      Entertainment Properties Trust   2,705,704 
 60,701      Equity Commonwealth   1,964,284 
 177,423      Equity Residential   12,873,813 
 32,858      Essex Property Trust, Inc   8,911,090 
 7,735      Extra Space Storage, Inc   762,748 
 36,184      Federal Realty Investment Trust   4,796,913 
 66,676      Gaming and Leisure Properties, Inc   2,500,350 
 231,707      HCP, Inc   7,308,039 
 104,016      Healthcare Trust of America, Inc   2,956,135 
 49,753      Highwoods Properties, Inc   2,205,053 
 81,392      Hospitality Properties Trust   2,169,911 
 358,496      Host Marriott Corp   6,474,438 
 12,777   *  Howard Hughes Corp   1,418,758 
 69,503      Hudson Pacific Properties   2,256,762 
 148,127      Invitation Homes, Inc   3,331,376 
 140,721      Iron Mountain, Inc   5,234,821 
 51,420      JBG SMITH Properties   1,987,383 
 22,416      Jones Lang LaSalle, Inc   3,214,679 
 48,937      Kilroy Realty Corp   3,448,101 
 205,720      Kimco Realty Corp   3,499,297 
 4,815      Lamar Advertising Co   358,477 
 74,433      Liberty Property Trust   3,508,772 
 22,081      Life Storage, Inc   2,169,900 
 68,667      Macerich Co   3,169,669 
 175,456      Medical Properties Trust, Inc   3,193,299 
 54,063      Mid-America Apartment Communities, Inc   5,475,501 
 78,119      National Retail Properties, Inc   4,117,653 
 90,547      Omega Healthcare Investors, Inc   3,639,084 
 66,531      Outfront Media, Inc   1,380,518 
 107,631      Paramount Group, Inc   1,558,497 
 102,906      Park Hotels & Resorts, Inc   3,094,383 
 312,554      Prologis, Inc   21,616,235 
 67,241      Rayonier, Inc   2,046,816 
 64,953   e  Realogy Holdings Corp   1,152,916 
 145,643      Realty Income Corp   10,004,218 
 75,408      Regency Centers Corp   4,901,520 
 108,149      Retail Properties of America, Inc   1,367,003 
 7,939      Retail Value, Inc   241,425 
 130,097      Senior Housing Properties Trust   1,791,436 
 13,087      Simon Property Group, Inc   2,383,404 
 78,515      SITE Centers Corp   1,026,191 
 40,728      SL Green Realty Corp   3,764,489 
 45,687      Spirit Realty Capital, Inc   1,814,688 
 131,955      Starwood Property Trust, Inc   2,913,566 
 96,502      STORE Capital Corp   3,118,945 
 41,206      Sun Communities, Inc   4,528,951 
 126,507      UDR, Inc   5,534,681 
 87,096      Uniti Group, Inc   1,734,081 
 176,135      Ventas, Inc   11,358,946 
 462,226      VEREIT, Inc   3,734,786 
 196,711      VICI Properties, Inc   4,235,188 
223

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES      COMPANY  VALUE 
              
 84,991      Vornado Realty Trust  $5,941,721 
 65,373      Weingarten Realty Investors   1,875,551 
 183,887      Welltower, Inc   14,249,404 
 366,101      Weyerhaeuser Co   9,606,490 
 77,899      WP Carey, Inc   5,833,856 
        TOTAL REAL ESTATE   328,451,871 
               
RETAILING - 1.5%        
 24,661      Advance Auto Parts, Inc   3,926,031 
 29,685   *  Autonation, Inc   1,150,294 
 1,611   *  AutoZone, Inc   1,365,065 
 88,494      Best Buy Co, Inc   5,242,384 
 33,445   *  CarMax, Inc   1,965,897 
 36,899      Dick’s Sporting Goods, Inc   1,302,904 
 96,650   *  Dollar Tree, Inc   9,358,619 
 353,892   *  eBay, Inc   11,908,466 
 55,648      Foot Locker, Inc   3,110,167 
 97,749      Gap, Inc   2,486,734 
 70,601      Genuine Parts Co   7,047,392 
 82,549      Kohl’s Corp   5,670,291 
 91,202      L Brands, Inc   2,539,064 
 128,396   *  LKQ Corp   3,366,543 
 150,724      Macy’s, Inc   3,964,041 
 43,705   *  Michaels Cos, Inc   605,751 
 17,993      Penske Auto Group, Inc   843,512 
 206,100   *  Qurate Retail Group, Inc QVC Group   4,482,675 
 263,358      Target Corp   19,225,134 
 50,184      Tiffany & Co   4,452,826 
 30,590      Williams-Sonoma, Inc   1,665,014 
        TOTAL RETAILING   95,678,804 
               
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.3%        
 154,177      Analog Devices, Inc   15,241,938 
 81,731      Broadcom, Inc   21,924,341 
 52,935      Cypress Semiconductor Corp   734,208 
 39,822   *  First Solar, Inc   2,014,595 
 2,271,829      Intel Corp   107,048,583 
 200,609      Marvell Technology Group Ltd   3,717,285 
 123,765   *  Micron Technology, Inc   4,730,298 
 161,992      NXP Semiconductors NV   14,098,164 
 62,361   *  Qorvo, Inc   4,075,915 
 603,597      QUALCOMM, Inc   29,890,123 
 25,303      Skyworks Solutions, Inc   1,848,131 
 76,544      Teradyne, Inc   2,754,819 
        TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   208,078,400 
               
SOFTWARE & SERVICES - 2.7%        
 4,983   *  Akamai Technologies, Inc   324,393 
 71,069      Amdocs Ltd   3,971,336 
 3,598   *  Aspen Technology, Inc   347,675 
 16,736   *  Autodesk, Inc   2,463,539 
 4,918      Booz Allen Hamilton Holding Co   241,621 
224

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES      COMPANY  VALUE 
              
 27,293      Cognizant Technology Solutions Corp (Class A)  $1,901,776 
 91,039   *  Conduent, Inc   1,160,747 
 139,263      DXC Technology Co   8,929,544 
 181   *,e  Elastic NV   15,385 
 11,660   *  Euronet Worldwide, Inc   1,341,017 
 149,190      Fidelity National Information Services, Inc   15,594,831 
 30,161   *  FireEye, Inc   533,246 
 14,508   *  First American Corp   526,640 
 45,284      Genpact Ltd   1,350,822 
 128,227      International Business Machines Corp   17,236,273 
 68,188      Leidos Holdings, Inc   3,954,904 
 8,304      LogMeIn, Inc   772,438 
 198,654      Microsoft Corp   20,745,437 
 136,587   *  Nuance Communications, Inc   2,167,636 
 1,145,526      Oracle Corp   57,539,771 
 2,245   *  Pluralsight, Inc   67,305 
 24,757      Sabre Corp   568,916 
 8,198      SS&C Technologies Holdings, Inc   422,115 
 320,827      Symantec Corp   6,743,783 
 66,125   *  Synopsys, Inc   6,172,769 
 16,760   *  Teradata Corp   743,809 
 159,040      Western Union Co   2,902,480 
 135,795   *  Worldpay, Inc   11,336,167 
        TOTAL SOFTWARE & SERVICES   170,076,375 
               
TECHNOLOGY HARDWARE & EQUIPMENT - 3.2%        
 80,479   *  ARRIS International plc   2,526,236 
 41,462   *  Arrow Electronics, Inc   3,149,039 
 55,823      Avnet, Inc   2,299,908 
 2,258,417      Cisco Systems, Inc   106,800,540 
 3,421   *  Coherent, Inc   404,362 
 90,467   *  CommScope Holding Co, Inc   1,891,665 
 392,577      Corning, Inc   13,057,111 
 68,601   *  Dell Technologies, Inc   3,333,323 
 29,295      Dolby Laboratories, Inc (Class A)   1,893,336 
 25,728   *  EchoStar Corp (Class A)   1,054,334 
 58,315      Flir Systems, Inc   2,850,437 
 729,002      Hewlett Packard Enterprise Co   11,365,141 
 789,368      HP, Inc   17,389,777 
 79,802      Jabil Circuit, Inc   2,126,723 
 171,162      Juniper Networks, Inc   4,439,942 
 92,415   *  Keysight Technologies, Inc   6,840,558 
 1,940      Littelfuse, Inc   340,897 
 71,485      Motorola, Inc   8,357,311 
 12,240      National Instruments Corp   541,253 
 10,007   *  NCR Corp   267,687 
 124,062   *  Trimble Navigation Ltd   4,672,175 
 145,359      Western Digital Corp   6,539,701 
 106,358      Xerox Corp   3,000,359 
        TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   205,141,815 
225

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES        COMPANY  VALUE 
                   
TELECOMMUNICATION SERVICES - 3.7%        
 3,620,276        AT&T, Inc  $108,825,496 
 474,926        CenturyLink, Inc   7,275,866 
 307,064    *   Sprint Corp   1,916,080 
 46,537        Telephone & Data Systems, Inc   1,685,570 
 53,563    *   T-Mobile US, Inc   3,729,056 
 7,672    *   US Cellular Corp   441,754 
 2,060,283        Verizon Communications, Inc   113,439,182 
          TOTAL TELECOMMUNICATION SERVICES   237,313,004 
                   
TRANSPORTATION - 1.6%        
 60,137        Alaska Air Group, Inc   3,845,761 
 3,860        Amerco, Inc   1,399,868 
 205,155        American Airlines Group, Inc   7,338,394 
 15,726        Copa Holdings S.A. (Class A)   1,491,611 
 213,061        CSX Corp   13,998,108 
 238,902        Delta Air Lines, Inc   11,808,926 
 22,379    *   Genesee & Wyoming, Inc (Class A)   1,757,199 
 150,204    *   JetBlue Airways Corp   2,702,170 
 50,484        Kansas City Southern Industries, Inc   5,338,683 
 28,253    *   Kirby Corp   2,116,432 
 61,417        Knight-Swift Transportation Holdings, Inc   1,949,990 
 42,203        Macquarie Infrastructure Co LLC   1,821,903 
 134,585        Norfolk Southern Corp   22,575,288 
 25,572        Ryder System, Inc   1,480,875 
 28,177        Schneider National, Inc   598,479 
 72,996        Southwest Airlines Co   4,143,253 
 29,368        Union Pacific Corp   4,671,568 
 120,839    *   United Continental Holdings, Inc   10,545,620 
          TOTAL TRANSPORTATION   99,584,128 
                   
UTILITIES - 6.2%        
 327,175        AES Corp   5,362,398 
 119,620        Alliant Energy Corp   5,319,501 
 119,146        Ameren Corp   8,261,584 
 244,126        American Electric Power Co, Inc   19,315,249 
 89,164        American Water Works Co, Inc   8,530,320 
 87,997        Aqua America, Inc   3,084,295 
 54,154        Atmos Energy Corp   5,287,055 
 26,729        Avangrid, Inc   1,332,975 
 253,652        Centerpoint Energy, Inc   7,842,920 
 138,384        CMS Energy Corp   7,215,342 
 153,664        Consolidated Edison, Inc   11,932,009 
 377,660        Dominion Resources, Inc   26,526,838 
 88,601        DTE Energy Co   10,432,768 
 354,722        Duke Energy Corp   31,137,497 
 157,902        Edison International   8,995,677 
 90,294        Entergy Corp   8,053,322 
 132,149        Evergy, Inc   7,574,781 
 157,811        Eversource Energy   10,953,661 
 476,884        Exelon Corp   22,775,980 
 244,831        FirstEnergy Corp   9,597,375 
226

TIAA-CREF FUNDS - Large-Cap Value Index Fund

 

SHARES      COMPANY  VALUE 
              
 55,591      Hawaiian Electric Industries, Inc  $2,067,429 
 92,459      MDU Resources Group, Inc   2,377,121 
 39,589      National Fuel Gas Co   2,268,450 
 237,486      NextEra Energy, Inc   42,505,244 
 181,350      NiSource, Inc   4,947,228 
 141,594      NRG Energy, Inc   5,792,610 
 99,826      OGE Energy Corp   4,087,875 
 226,787   *,b  PG&E Corp   2,948,231 
 57,490      Pinnacle West Capital Corp   5,066,019 
 353,659      PPL Corp   11,076,600 
 252,653      Public Service Enterprise Group, Inc   13,782,221 
 135,786      Sempra Energy   15,884,246 
 513,091      Southern Co   24,936,223 
 86,130      UGI Corp   4,911,994 
 39,023      Vectren Corp   2,824,485 
 196,317   *  Vistra Energy Corp   4,929,520 
 158,291      WEC Energy Group, Inc   11,559,992 
 254,689      Xcel Energy, Inc   13,335,516 
        TOTAL UTILITIES   394,832,551 
              
        TOTAL COMMON STOCKS   6,319,340,157 
        (Cost $5,383,251,727)     
              
PRINCIPAL       ISSUER    RATE  MATURITY
DATE
    
                      
SHORT-TERM INVESTMENTS - 0.2%             
              
GOVERNMENT AGENCY DEBT - 0.1%                    
$2,000,000      Federal Home Loan Bank (FHLB)   2.260%  02/01/19   2,000,000 
        TOTAL GOVERNMENT AGENCY DEBT              2,000,000  
                          
SHARES       COMPANY              
                       
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.1%                    
 7,860,408   c  State Street Navigator Securities Lending Government Money Market Portfolio   7,860,408 
        TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES     7,860,408  
                      
        TOTAL SHORT-TERM INVESTMENTS           9,860,408 
        (Cost $9,860,408)             
        TOTAL INVESTMENTS - 100.0%              6,329,200,565  
        (Cost $5,393,112,135)             
        OTHER ASSETS & LIABILITIES, NET - 0.0%              820,625  
        NET ASSETS - 100.0%          $6,330,021,190 
       
       
    Abbreviation(s):
    REIT    Real Estate Investment Trust
     
*   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 $7,633,102.
227

TIAA-CREF FUNDS - S&P 500 Index Fund

 

TIAA-CREF FUNDS

S&P 500 INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES     COMPANY  VALUE 
             
COMMON STOCKS - 99.6%     
             
AUTOMOBILES & COMPONENTS - 0.6%     
 54,811     Aptiv plc  $4,337,194 
 43,722     BorgWarner, Inc   1,788,230 
 811,445     Ford Motor Co   7,140,716 
 272,610     General Motors Co   10,637,242 
 48,761     Goodyear Tire & Rubber Co   1,033,246 
 34,738     Harley-Davidson, Inc   1,280,443 
       TOTAL AUTOMOBILES & COMPONENTS   26,217,071 
             
BANKS - 5.8%     
 1,904,350     Bank of America Corp   54,216,844 
 162,760     BB&T Corp   7,942,688 
 509,610     Citigroup, Inc   32,849,461 
 97,540     Citizens Financial Group, Inc   3,308,557 
 33,640     Comerica, Inc   2,648,814 
 136,636     Fifth Third Bancorp   3,664,577 
 34,087     First Republic Bank   3,293,827 
 221,297     Huntington Bancshares, Inc   2,929,972 
 694,489     JPMorgan Chase & Co   71,879,612 
 216,481     Keycorp   3,565,442 
 29,601     M&T Bank Corp   4,870,548 
 71,710     People’s United Financial, Inc   1,174,610 
 96,287     PNC Financial Services Group, Inc   11,811,526 
 216,313     Regions Financial Corp   3,281,468 
 94,228     SunTrust Banks, Inc   5,599,028 
 10,920  *  SVB Financial Group   2,548,510 
 316,113     US Bancorp   16,172,341 
 884,676     Wells Fargo & Co   43,269,503 
 41,168     Zions Bancorporation   1,959,185 
       TOTAL BANKS   276,986,513 
             
CAPITAL GOODS - 6.7%     
 121,366     3M Co   24,309,610 
 30,303     A.O. Smith Corp   1,450,302 
 19,715     Allegion plc   1,692,730 
 47,865     Ametek, Inc   3,489,359 
 87,149     Arconic, Inc   1,640,144 
 110,262     Boeing Co   42,519,232 
 123,169     Caterpillar, Inc   16,401,184 
 30,891     Cummins, Inc   4,544,375 
 66,883     Deere & Co   10,968,812 
 30,513     Dover Corp   2,679,957 
 90,854     Eaton Corp   6,927,617 
 129,203     Emerson Electric Co   8,458,920 
 59,208     Fastenal Co   3,579,716 
228

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
             
 27,320     Flowserve Corp  $1,203,173 
 29,072     Fluor Corp   1,063,163 
 61,863     Fortive Corp   4,639,106 
 29,762     Fortune Brands Home & Security, Inc   1,348,219 
 57,492     General Dynamics Corp   9,840,906 
 1,807,261     General Electric Co   18,361,772 
 24,508     Harris Corp   3,754,135 
 154,577     Honeywell International, Inc   22,201,895 
 9,072     Huntington Ingalls   1,872,914 
 64,237     Illinois Tool Works, Inc   8,820,382 
 51,485     Ingersoll-Rand plc   5,150,559 
 24,955     Jacobs Engineering Group, Inc   1,617,084 
 189,285     Johnson Controls International plc   6,392,154 
 16,089     L3 Technologies, Inc   3,167,602 
 51,388     Lockheed Martin Corp   14,886,590 
 61,521     Masco Corp   1,993,896 
 36,390     Northrop Grumman Corp   10,027,265 
 73,311     PACCAR, Inc   4,803,337 
 27,451     Parker-Hannifin Corp   4,524,199 
 32,646     Pentair plc   1,344,689 
 30,421     Quanta Services, Inc   1,075,078 
 59,698     Raytheon Co   9,835,842 
 25,444     Rockwell Automation, Inc   4,313,267 
 21,618     Roper Industries, Inc   6,123,515 
 11,898     Snap-On, Inc   1,974,949 
 31,611     Stanley Black & Decker, Inc   3,996,895 
 52,048     Textron, Inc   2,770,515 
 10,132     TransDigm Group, Inc   3,961,612 
 16,418  *  United Rentals, Inc   2,056,519 
 168,205     United Technologies Corp   19,859,964 
 9,519     W.W. Grainger, Inc   2,811,817 
 37,010     Xylem, Inc   2,637,333 
       TOTAL CAPITAL GOODS   317,092,304 
             
COMMERCIAL & PROFESSIONAL SERVICES - 0.7%     
 17,737     Cintas Corp   3,325,865 
 41,552  *  Copart, Inc   2,103,778 
 24,758     Equifax, Inc   2,649,601 
 74,897  *  IHS Markit Ltd   3,888,652 
 74,569     Nielsen NV   1,914,932 
 45,638     Republic Services, Inc   3,500,891 
 23,957     Robert Half International, Inc   1,543,550 
 31,255     Rollins, Inc   1,163,936 
 34,500  *  Verisk Analytics, Inc   4,050,645 
 81,941     Waste Management, Inc   7,839,295 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   31,981,145 
             
CONSUMER DURABLES & APPAREL - 1.2%     
 31,341  *  Capri Holdings Ltd   1,331,366 
 70,539     DR Horton, Inc   2,712,225 
 25,295  *  Garmin Ltd   1,749,908 
 75,653     Hanesbrands, Inc   1,134,038 
229

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
             
 24,444     Hasbro, Inc  $2,213,649 
 27,507     Leggett & Platt, Inc   1,126,687 
 61,097     Lennar Corp (Class A)   2,897,220 
 71,698  *  Mattel, Inc   848,904 
 13,275  *  Mohawk Industries, Inc   1,709,687 
 83,700     Newell Rubbermaid, Inc   1,775,277 
 264,521     Nike, Inc (Class B)   21,658,980 
 53,886     Pulte Homes, Inc   1,498,570 
 15,986     PVH Corp   1,744,232 
 11,568     Ralph Lauren Corp   1,343,507 
 60,277     Tapestry, Inc   2,333,323 
 38,984  *  Under Armour, Inc   738,357 
 39,270  *  Under Armour, Inc (Class A)   814,460 
 67,695     VF Corp   5,697,888 
 13,344     Whirlpool Corp   1,774,885 
       TOTAL CONSUMER DURABLES & APPAREL   55,103,163 
             
CONSUMER SERVICES - 1.8%     
 84,083     Carnival Corp   4,841,499 
 5,058  *  Chipotle Mexican Grill, Inc (Class A)   2,678,767 
 25,532     Darden Restaurants, Inc   2,679,073 
 43,721     H&R Block, Inc   1,031,378 
 62,464     Hilton Worldwide Holdings, Inc   4,652,319 
 59,318     Marriott International, Inc (Class A)   6,793,691 
 160,792     McDonald’s Corp   28,746,394 
 105,033     MGM Resorts International   3,092,172 
 45,115  *  Norwegian Cruise Line Holdings Ltd   2,320,264 
 35,865     Royal Caribbean Cruises Ltd   4,305,593 
 257,281     Starbucks Corp   17,531,127 
 20,460     Wynn Resorts Ltd   2,516,785 
 65,341     Yum! Brands, Inc   6,140,747 
       TOTAL CONSUMER SERVICES   87,329,809 
             
DIVERSIFIED FINANCIALS - 3.4%     
 11,285     Affiliated Managers Group, Inc   1,184,361 
 145,886     American Express Co   14,982,492 
 29,222     Ameriprise Financial, Inc   3,699,505 
 190,351     Bank of New York Mellon Corp   9,959,164 
 25,390     BlackRock, Inc   10,538,881 
 98,838     Capital One Financial Corp   7,965,354 
 23,382     CBOE Holdings, Inc   2,180,839 
 248,554     Charles Schwab Corp   11,624,871 
 74,276     CME Group, Inc   13,539,029 
 70,789     Discover Financial Services   4,777,550 
 53,043     E*TRADE Financial Corp   2,474,986 
 64,089     Franklin Resources, Inc   1,897,675 
 72,071     Goldman Sachs Group, Inc   14,270,779 
 118,738     IntercontinentalExchange Group, Inc   9,114,329 
 83,923     Invesco Ltd   1,529,077 
 56,934     Jefferies Financial Group, Inc   1,184,797 
 35,074     Moody’s Corp   5,559,580 
230

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
             
 272,550     Morgan Stanley  $11,528,865 
 18,422     MSCI, Inc (Class A)   3,136,714 
 24,170     NASDAQ OMX Group, Inc   2,127,927 
 46,725     Northern Trust Corp   4,133,293 
 26,241     Raymond James Financial, Inc   2,112,401 
 51,850     S&P Global, Inc   9,937,053 
 79,417     State Street Corp   5,630,665 
 137,770     Synchrony Financial   4,138,611 
 50,894     T Rowe Price Group, Inc   4,756,553 
       TOTAL DIVERSIFIED FINANCIALS   163,985,351 
             
ENERGY - 5.4%     
 105,963     Anadarko Petroleum Corp   5,015,229 
 80,822     Apache Corp   2,652,578 
 105,680     Baker Hughes a GE Co   2,490,878 
 89,690     Cabot Oil & Gas Corp   2,237,765 
 397,908     Chevron Corp   45,620,152 
 19,121     Cimarex Energy Co   1,440,576 
 40,854  *  Concho Resources, Inc   4,895,943 
 240,506     ConocoPhillips   16,279,851 
 97,188  *  Devon Energy Corp   2,590,060 
 31,623     Diamondback Energy, Inc   3,260,964 
 119,300     EOG Resources, Inc   11,834,560 
 884,163  d  Exxon Mobil Corp   64,791,465 
 184,152     Halliburton Co   5,775,007 
 22,099     Helmerich & Payne, Inc   1,237,323 
 52,725     Hess Corp   2,847,150 
 33,934     HollyFrontier Corp   1,911,842 
 389,786     Kinder Morgan, Inc   7,055,127 
 174,601     Marathon Oil Corp   2,756,950 
 143,037     Marathon Petroleum Corp   9,477,632 
 78,642     National Oilwell Varco, Inc   2,318,366 
 41,493  *  Newfield Exploration Co   758,492 
 96,587     Noble Energy, Inc   2,157,754 
 157,771     Occidental Petroleum Corp   10,535,947 
 85,535     ONEOK, Inc   5,492,202 
 88,874     Phillips 66   8,479,468 
 35,729     Pioneer Natural Resources Co   5,084,951 
 288,295     Schlumberger Ltd   12,745,522 
 84,691     TechnipFMC plc (Euro OTC)   1,944,505 
 88,978     Valero Energy Corp   7,814,048 
 253,150     Williams Cos, Inc   6,817,330 
       TOTAL ENERGY   258,319,637 
             
FOOD & STAPLES RETAILING - 1.5%     
 91,209     Costco Wholesale Corp   19,576,187 
 165,684     Kroger Co   4,693,828 
 99,662     Sysco Corp   6,363,419 
 168,104     Walgreens Boots Alliance, Inc   12,147,195 
 297,025     Walmart, Inc   28,463,906 
       TOTAL FOOD & STAPLES RETAILING   71,244,535 
231

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
             
FOOD, BEVERAGE & TOBACCO - 3.9%     
 390,129     Altria Group, Inc  $19,252,866 
 116,103     Archer Daniels Midland Co   5,213,025 
 35,268     Brown-Forman Corp (Class B)   1,666,413 
 40,118     Campbell Soup Co   1,421,381 
 798,707     Coca-Cola Co   38,441,768 
 98,208     ConAgra Brands, Inc   2,125,221 
 34,963     Constellation Brands, Inc (Class A)   6,071,675 
 124,713     General Mills, Inc   5,542,246 
 29,622     Hershey Co   3,142,894 
 55,727     Hormel Foods Corp   2,358,367 
 23,316     J.M. Smucker Co   2,445,382 
 52,945     Kellogg Co   3,124,284 
 129,347     Kraft Heinz Co   6,216,417 
 30,561     Lamb Weston Holdings, Inc   2,209,560 
 24,893     McCormick & Co, Inc   3,077,770 
 39,161     Molson Coors Brewing Co (Class B)   2,608,514 
 304,829     Mondelez International, Inc   14,101,389 
 82,165  *  Monster Beverage Corp   4,703,125 
 293,239     PepsiCo, Inc   33,039,238 
 324,708     Philip Morris International, Inc   24,911,598 
 61,924     Tyson Foods, Inc (Class A)   3,834,334 
       TOTAL FOOD, BEVERAGE & TOBACCO   185,507,467 
             
HEALTH CARE EQUIPMENT & SERVICES - 6.6%     
 365,430     Abbott Laboratories   26,669,081 
 9,391  *  Abiomed, Inc   3,296,898 
 15,296  *  Align Technology, Inc   3,807,939 
 33,339     AmerisourceBergen Corp   2,779,473 
 54,086     Anthem, Inc   16,388,058 
 103,989     Baxter International, Inc   7,538,163 
 55,772     Becton Dickinson & Co   13,912,883 
 289,939  *  Boston Scientific Corp   11,061,173 
 62,523     Cardinal Health, Inc   3,124,274 
 42,956  *  Centene Corp   5,608,765 
 68,872  *  Cerner Corp   3,781,762 
 78,480     Cigna Corp   15,681,089 
 10,086     Cooper Cos, Inc   2,811,573 
 268,177     CVS Health Corp   17,579,002 
 127,178     Danaher Corp   14,106,584 
 26,595  *  DaVita, Inc   1,492,777 
 45,023     Dentsply Sirona, Inc   1,888,715 
 43,642  *  Edwards Lifesciences Corp   7,437,470 
 55,473     HCA Holdings, Inc   7,734,600 
 32,307  *  Henry Schein, Inc   2,510,254 
 57,112  *  Hologic, Inc   2,535,773 
 28,417     Humana, Inc   8,780,569 
 17,963  *  IDEXX Laboratories, Inc   3,822,167 
 23,759  *  Intuitive Surgical, Inc   12,441,163 
 20,963  *  Laboratory Corp of America Holdings   2,921,194 
 41,067     McKesson Corp   5,266,843 
 280,513     Medtronic plc   24,794,544 
232

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
             
 27,994     Quest Diagnostics, Inc  $2,445,276 
 29,379     Resmed, Inc   2,795,999 
 63,919     Stryker Corp   11,350,097 
 9,568     Teleflex, Inc   2,616,848 
 200,443     UnitedHealth Group, Inc   54,159,699 
 18,130     Universal Health Services, Inc (Class B)   2,402,769 
 18,964  *  Varian Medical Systems, Inc   2,503,817 
 10,455  *  WellCare Health Plans, Inc   2,890,598 
 41,561     Zimmer Biomet Holdings, Inc   4,553,423 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   315,491,312 
             
HOUSEHOLD & PERSONAL PRODUCTS - 1.8%     
 51,521     Church & Dwight Co, Inc   3,328,772 
 26,586     Clorox Co   3,944,831 
 182,042     Colgate-Palmolive Co   11,774,476 
 84,060     Coty, Inc   652,306 
 45,740     Estee Lauder Cos (Class A)   6,239,851 
 72,584     Kimberly-Clark Corp   8,084,406 
 518,743     Procter & Gamble Co   50,043,137 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   84,067,779 
             
INSURANCE - 4.1%     
 158,927     Aflac, Inc   7,580,818 
 71,360     Allstate Corp   6,270,403 
 183,107     American International Group, Inc   7,915,716 
 49,665     Aon plc   7,759,163 
 37,727     Arthur J. Gallagher & Co   2,818,584 
 10,686     Assurant, Inc   1,030,023 
 405,572  *  Berkshire Hathaway, Inc (Class B)   83,361,269 
 25,237  *  Brighthouse Financial, Inc   942,350 
 96,375     Chubb Ltd   12,822,694 
 31,730     Cincinnati Financial Corp   2,573,938 
 8,419     Everest Re Group Ltd   1,844,182 
 73,549     Hartford Financial Services Group, Inc   3,450,919 
 45,110     Lincoln National Corp   2,638,484 
 58,005     Loews Corp   2,778,439 
 104,997     Marsh & McLennan Cos, Inc   9,259,685 
 204,894     Metlife, Inc   9,357,509 
 54,952     Principal Financial Group   2,751,447 
 121,280     Progressive Corp   8,160,931 
 87,273     Prudential Financial, Inc   8,041,334 
 20,667     Torchmark Corp   1,731,068 
 55,953     Travelers Cos, Inc   7,024,340 
 46,504     UnumProvident Corp   1,616,479 
 27,208     Willis Towers Watson plc   4,429,190 
       TOTAL INSURANCE   196,158,965 
             
MATERIALS - 2.7%     
 45,869     Air Products & Chemicals, Inc   7,540,405 
 22,757     Albemarle Corp   1,837,173 
 18,260     Avery Dennison Corp   1,907,257 
 70,872     Ball Corp   3,705,188 
233

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
             
 27,238     Celanese Corp (Series A)  $2,608,311 
 47,781     CF Industries Holdings, Inc   2,085,641 
 477,863     DowDuPont, Inc   25,713,808 
 29,825     Eastman Chemical Co   2,404,491 
 52,419     Ecolab, Inc   8,291,113 
 27,653     FMC Corp   2,206,709 
 303,454     Freeport-McMoRan Copper & Gold, Inc (Class B)   3,532,205 
 21,107     International Flavors & Fragrances, Inc   2,992,550 
 85,655     International Paper Co   4,062,617 
 113,994     Linde plc   18,582,162 
 66,564     LyondellBasell Industries AF S.C.A   5,789,071 
 12,940     Martin Marietta Materials, Inc   2,286,239 
 72,356     Mosaic Co   2,335,652 
 109,031     Newmont Mining Corp   3,719,047 
 65,508     Nucor Corp   4,011,710 
 19,463     Packaging Corp of America   1,835,750 
 50,901     PPG Industries, Inc   5,367,001 
 33,507     Sealed Air Corp   1,323,527 
 17,223     Sherwin-Williams Co   7,259,839 
 27,792     Vulcan Materials Co   2,825,057 
 53,262     WestRock Co   2,168,296 
       TOTAL MATERIALS   126,390,819 
             
MEDIA & ENTERTAINMENT - 8.2%     
 156,887     Activision Blizzard, Inc   7,411,342 
 62,396  *  Alphabet, Inc (Class A)   70,251,033 
 64,221  *  Alphabet, Inc (Class C)   71,694,398 
 69,812     CBS Corp (Class B)   3,452,901 
 36,876  *  Charter Communications, Inc   12,207,800 
 947,248     Comcast Corp (Class A)   34,640,859 
 32,619  *  Discovery, Inc (Class A)   925,727 
 75,310  *  Discovery, Inc (Class C)   2,007,011 
 47,021  *  DISH Network Corp (Class A)   1,442,134 
 62,491  *  Electronic Arts, Inc   5,764,170 
 501,297  *  Facebook, Inc   83,561,197 
 80,080     Interpublic Group of Cos, Inc   1,821,820 
 90,452  *  NetFlix, Inc   30,708,454 
 79,664     News Corp (Class A)   1,022,089 
 25,832     News Corp (Class B)   334,008 
 45,620     Omnicom Group, Inc   3,552,886 
 23,629  *  Take-Two Interactive Software, Inc   2,494,041 
 19,904  *  TripAdvisor, Inc   1,142,091 
 219,561     Twenty-First Century Fox, Inc   10,826,553 
 102,346     Twenty-First Century Fox, Inc (Class B)   5,021,095 
 150,487  *  Twitter, Inc   5,050,344 
 72,179     Viacom, Inc (Class B)   2,123,506 
 310,191     Walt Disney Co   34,592,500 
       TOTAL MEDIA & ENTERTAINMENT   392,047,959 
234

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.4%     
 313,400     AbbVie, Inc  $25,162,886 
 65,358     Agilent Technologies, Inc   4,970,476 
 45,485  *  Alexion Pharmaceuticals, Inc   5,592,836 
 66,460     Allergan plc   9,568,911 
 133,296     Amgen, Inc   24,941,014 
 41,963  *  Biogen Idec, Inc   14,006,410 
 339,999     Bristol-Myers Squibb Co   16,785,751 
 146,155  *  Celgene Corp   12,928,871 
 196,980     Eli Lilly & Co   23,610,023 
 269,377     Gilead Sciences, Inc   18,859,084 
 30,600  *  Illumina, Inc   8,561,574 
 36,818  *  Incyte Corp   2,967,163 
 33,308  *  IQVIA Holdings, Inc   4,297,065 
 559,146     Johnson & Johnson   74,411,150 
 542,891     Merck & Co, Inc   40,407,377 
 5,277  *  Mettler-Toledo International, Inc   3,367,570 
 107,298  *  Mylan NV   3,213,575 
 36,108  *  Nektar Therapeutics   1,528,813 
 23,205  *  PerkinElmer, Inc   2,100,052 
 24,574     Perrigo Co plc   1,141,462 
 1,207,306     Pfizer, Inc   51,250,140 
 16,159  *  Regeneron Pharmaceuticals, Inc   6,936,574 
 83,690     Thermo Fisher Scientific, Inc   20,560,122 
 53,247  *  Vertex Pharmaceuticals, Inc   10,165,385 
 15,637  *  Waters Corp   3,615,587 
 100,196     Zoetis, Inc   8,632,887 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   399,582,758 
             
REAL ESTATE - 3.0%     
 22,207     Alexandria Real Estate Equities, Inc   2,924,884 
 91,459     American Tower Corp   15,807,774 
 32,564     Apartment Investment & Management Co (Class A)   1,612,569 
 28,985     AvalonBay Communities, Inc   5,591,786 
 31,777     Boston Properties, Inc   4,190,433 
 66,156  *  CBRE Group, Inc   3,026,637 
 86,373     Crown Castle International Corp   10,110,823 
 43,127     Digital Realty Trust, Inc   4,672,379 
 77,569     Duke Realty Corp   2,268,118 
 16,766     Equinix, Inc   6,605,804 
 76,562     Equity Residential   5,555,339 
 13,594     Essex Property Trust, Inc   3,686,693 
 25,985     Extra Space Storage, Inc   2,562,381 
 16,218     Federal Realty Investment Trust   2,150,020 
 96,400     HCP, Inc   3,040,456 
 152,269     Host Marriott Corp   2,749,978 
 58,055     Iron Mountain, Inc   2,159,646 
 84,500     Kimco Realty Corp   1,437,345 
 22,630     Macerich Co   1,044,601 
 23,434     Mid-America Apartment Communities, Inc   2,373,396 
 131,096     Prologis, Inc   9,066,599 
 30,769     Public Storage, Inc   6,539,028 
 60,868     Realty Income Corp   4,181,023 
 35,553     Regency Centers Corp   2,310,945 
 23,357  *  SBA Communications Corp   4,263,353 
235

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
             
 64,332     Simon Property Group, Inc  $11,716,144 
 18,157     SL Green Realty Corp   1,678,251 
 55,268     UDR, Inc   2,417,975 
 75,385     Ventas, Inc   4,861,579 
 35,296     Vornado Realty Trust   2,467,543 
 77,747     Welltower, Inc   6,024,615 
 156,545     Weyerhaeuser Co   4,107,741 
       TOTAL REAL ESTATE   143,205,858 
             
RETAILING - 6.6%     
 15,336     Advance Auto Parts, Inc   2,441,491 
 85,674  *  Amazon.com, Inc   147,250,474 
 5,269  *  AutoZone, Inc   4,464,635 
 48,896     Best Buy Co, Inc   2,896,599 
 9,685  *  Booking Holdings, Inc   17,750,765 
 35,760  *  CarMax, Inc   2,101,973 
 55,093     Dollar General Corp   6,359,385 
 48,710  *  Dollar Tree, Inc   4,716,589 
 189,345  *  eBay, Inc   6,371,459 
 24,182     Expedia, Inc   2,883,704 
 24,360     Foot Locker, Inc   1,361,480 
 40,066     Gap, Inc   1,019,279 
 30,214     Genuine Parts Co   3,015,962 
 236,088     Home Depot, Inc   43,329,231 
 34,856     Kohl’s Corp   2,394,259 
 45,831     L Brands, Inc   1,275,935 
 66,660  *  LKQ Corp   1,747,825 
 167,516     Lowe’s Companies, Inc   16,108,339 
 64,234     Macy’s, Inc   1,689,354 
 24,315     Nordstrom, Inc   1,128,459 
 16,747  *  O’Reilly Automotive, Inc   5,772,021 
 78,285     Ross Stores, Inc   7,211,614 
 109,515     Target Corp   7,994,595 
 22,799     Tiffany & Co   2,022,955 
 258,921     TJX Companies, Inc   12,876,141 
 24,521     Tractor Supply Co   2,094,093 
 11,529  *  Ulta Beauty, Inc   3,365,546 
       TOTAL RETAILING   311,644,162 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.7%     
 182,989  *  Advanced Micro Devices, Inc   4,466,762 
 76,947     Analog Devices, Inc   7,606,980 
 205,822     Applied Materials, Inc   8,043,524 
 86,261     Broadcom, Inc   23,139,513 
 952,383     Intel Corp   44,876,287 
 31,449     Kla-Tencor Corp   3,351,520 
 32,502     Lam Research Corp   5,511,689 
 57,946     Maxim Integrated Products, Inc   3,144,729 
 49,830  e  Microchip Technology, Inc   4,004,837 
 233,106  *  Micron Technology, Inc   8,909,311 
 127,282     NVIDIA Corp   18,296,788 
236

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
             
 26,371  *  Qorvo, Inc  $1,723,609 
 250,583     QUALCOMM, Inc   12,408,870 
 35,982     Skyworks Solutions, Inc   2,628,125 
 200,704     Texas Instruments, Inc   20,206,879 
 52,984     Xilinx, Inc   5,931,029 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   174,250,452 
             
SOFTWARE & SERVICES - 10.8%     
 132,790     Accenture plc   20,389,904 
 101,762  *  Adobe, Inc   25,218,659 
 34,035  *  Akamai Technologies, Inc   2,215,678 
 9,660     Alliance Data Systems Corp   1,715,519 
 17,494  *  Ansys, Inc   2,875,139 
 45,649  *  Autodesk, Inc   6,719,533 
 91,171     Automatic Data Processing, Inc   12,749,353 
 24,393     Broadridge Financial Solutions, Inc   2,459,546 
 58,197  *  Cadence Design Systems, Inc   2,795,202 
 27,114     Citrix Systems, Inc   2,780,270 
 121,117     Cognizant Technology Solutions Corp (Class A)   8,439,433 
 58,823     DXC Technology Co   3,771,731 
 68,669     Fidelity National Information Services, Inc   7,177,971 
 83,797  *  Fiserv, Inc   6,949,285 
 18,528  *  FleetCor Technologies, Inc   3,739,136 
 30,185  *  Fortinet, Inc   2,311,265 
 18,905  *  Gartner, Inc   2,569,000 
 32,839     Global Payments, Inc   3,687,163 
 189,831     International Business Machines Corp   25,517,083 
 53,477     Intuit, Inc   11,541,406 
 15,854     Jack Henry & Associates, Inc   2,117,302 
 188,968     MasterCard, Inc (Class A)   39,896,814 
 1,612,455     Microsoft Corp   168,388,676 
 529,943     Oracle Corp   26,619,037 
 66,860     Paychex, Inc   4,733,688 
 246,064  *  PayPal Holdings, Inc   21,840,640 
 36,360  *  Red Hat, Inc   6,466,262 
 159,783  *  salesforce.com, Inc   24,282,222 
 127,830     Symantec Corp   2,686,987 
 31,005  *  Synopsys, Inc   2,894,317 
 34,521     Total System Services, Inc   3,093,427 
 22,441  *  VeriSign, Inc   3,798,588 
 366,902     Visa, Inc (Class A)   49,535,439 
 91,845     Western Union Co   1,676,171 
       TOTAL SOFTWARE & SERVICES   513,651,846 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 5.4%     
 63,008     Amphenol Corp (Class A)   5,539,663 
 940,679     Apple, Inc   156,566,613 
 10,794  *  Arista Networks, Inc   2,318,335 
 939,145     Cisco Systems, Inc   44,412,167 
 167,476     Corning, Inc   5,570,252 
 12,940  *  F5 Networks, Inc   2,082,693 
 28,578     Flir Systems, Inc   1,396,893 
237

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
             
 296,978     Hewlett Packard Enterprise Co  $4,629,887 
 324,059     HP, Inc   7,139,020 
 7,783  *  IPG Photonics Corp   1,035,139 
 72,375     Juniper Networks, Inc   1,877,408 
 39,373  *  Keysight Technologies, Inc   2,914,389 
 33,452     Motorola, Inc   3,910,873 
 52,643     NetApp, Inc   3,357,044 
 54,701     Seagate Technology, Inc   2,422,160 
 72,434     TE Connectivity Ltd   5,863,532 
 60,944     Western Digital Corp   2,741,871 
 44,904     Xerox Corp   1,266,742 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   255,044,681 
             
TELECOMMUNICATION SERVICES - 2.0%     
 1,517,960     AT&T, Inc   45,629,877 
 191,975     CenturyLink, Inc   2,941,057 
 862,329     Verizon Communications, Inc   47,479,835 
       TOTAL TELECOMMUNICATION SERVICES   96,050,769 
             
TRANSPORTATION - 2.1%     
 25,554     Alaska Air Group, Inc   1,634,178 
 85,902     American Airlines Group, Inc   3,072,714 
 28,913     CH Robinson Worldwide, Inc   2,508,781 
 168,200     CSX Corp   11,050,740 
 129,085     Delta Air Lines, Inc   6,380,672 
 34,663     Expeditors International of Washington, Inc   2,402,146 
 50,952     FedEx Corp   9,047,547 
 16,991     JB Hunt Transport Services, Inc   1,818,717 
 21,239     Kansas City Southern Industries, Inc   2,246,024 
 56,751     Norfolk Southern Corp   9,519,413 
 105,033     Southwest Airlines Co   5,961,673 
 153,789     Union Pacific Corp   24,463,216 
 47,927  *  United Continental Holdings, Inc   4,182,589 
 143,788     United Parcel Service, Inc (Class B)   15,155,255 
       TOTAL TRANSPORTATION   99,443,665 
             
UTILITIES - 3.2%     
 137,268     AES Corp   2,249,822 
 47,644     Alliant Energy Corp   2,118,729 
 51,283     Ameren Corp   3,555,963 
 101,354     American Electric Power Co, Inc   8,019,128 
 37,874     American Water Works Co, Inc   3,623,406 
 102,604     Centerpoint Energy, Inc   3,172,516 
 59,354     CMS Energy Corp   3,094,718 
 65,294     Consolidated Edison, Inc   5,070,079 
 156,436     Dominion Resources, Inc   10,988,065 
 37,986     DTE Energy Co   4,472,851 
 148,159     Duke Energy Corp   13,005,397 
 67,099     Edison International   3,822,630 
 39,087     Entergy Corp   3,486,169 
 55,840     Evergy, Inc   3,200,749 
238

TIAA-CREF FUNDS - S&P 500 Index Fund

 

SHARES     COMPANY  VALUE 
             
 65,298     Eversource Energy  $4,532,334 
 200,291     Exelon Corp   9,565,898 
 101,773     FirstEnergy Corp   3,989,502 
 99,270     NextEra Energy, Inc   17,767,345 
 74,423     NiSource, Inc   2,030,259 
 60,250     NRG Energy, Inc   2,464,827 
 22,649     Pinnacle West Capital Corp   1,995,830 
 144,629     PPL Corp   4,529,780 
 106,036     Public Service Enterprise Group, Inc   5,784,264 
 57,210     Sempra Energy   6,692,426 
 213,491     Southern Co   10,375,663 
 67,009     WEC Energy Group, Inc   4,893,667 
 109,536     Xcel Energy, Inc   5,735,305 
       TOTAL UTILITIES   150,237,322 
             
       TOTAL COMMON STOCKS   4,731,035,342 
       (Cost $2,902,877,306)     

 

PRINCIPAL     ISSUER  RATE  MATURITY DATE     
                     
SHORT-TERM INVESTMENTS - 0.4%             
              
GOVERNMENT AGENCY DEBT - 0.4%             
$19,900,000     Federal Home Loan Bank (FHLB)   2.260%  02/01/19   19,900,000 
       TOTAL GOVERNMENT AGENCY DEBT           19,900,000 
                     
SHARES      COMPANY             
                     
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.0%             
 1,352,177  c  State Street Navigator Securities Lending Government Money Market Portfolio   1,352,177 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   1,352,177 
                     
       TOTAL SHORT-TERM INVESTMENTS           21,252,177 
       (Cost $21,252,177)             
       TOTAL INVESTMENTS - 100.0%           4,752,287,519 
       (Cost $2,924,129,483)             
       OTHER ASSETS & LIABILITIES, NET - 0.0%           2,060,295 
       NET ASSETS - 100.0%          $4,754,347,814 
       
       
    Abbreviation(s):
    OTC    Over The Counter
     
*   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 $1,316,380.
       

 

Futures contracts outstanding as of January 31, 2019 were as follows (see Note 3):

 

Description  Number of long
(short)
contracts
   Expiration date  Notional amount   Value   Unrealized
appreciation (depreciation)
 
S&P 500 E Mini Index   132   03/15/19  $17,446,237   $17,849,700   $403,463 
239

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

TIAA-CREF FUNDS

SMALL-CAP BLEND INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES     COMPANY  VALUE 
              
COMMON STOCKS - 99.9%
              
AUTOMOBILES & COMPONENTS - 1.1%
 147,359  *  American Axle & Manufacturing Holdings, Inc  $2,177,966 
 69,472     Cooper Tire & Rubber Co   2,445,415 
 24,333  *  Cooper-Standard Holding, Inc   1,860,501 
 196,572     Dana Holding Corp   3,463,599 
 37,093  *  Dorman Products, Inc   3,188,143 
 49,380  *  Fox Factory Holding Corp   2,929,715 
 48,430  *  Gentherm, Inc   2,061,181 
 33,581     LCI Industries, Inc   2,768,418 
 72,580  *  Modine Manufacturing Co   1,061,845 
 26,119  *,e  Motorcar Parts of America, Inc   522,380 
 18,693  *  Shiloh Industries, Inc   111,971 
 55,386     Spartan Motors, Inc   466,350 
 30,215     Standard Motor Products, Inc   1,485,369 
 37,505  *  Stoneridge, Inc   979,256 
 33,340     Superior Industries International, Inc   171,701 
 68,699     Tenneco, Inc   2,382,481 
 26,929     Tower International, Inc   783,365 
 41,236     Winnebago Industries, Inc   1,179,350 
       TOTAL AUTOMOBILES & COMPONENTS   30,039,006 
              
BANKS - 11.7%
 8,952     1st Constitution Bancorp   173,848 
 22,294     1st Source Corp   1,012,148 
 21,033     Access National Corp   496,589 
 9,148     ACNB Corp   332,987 
 17,995  *  Allegiance Bancshares, Inc   646,380 
 16,359     Amalgamated Bank   293,480 
 9,511     American National Bankshares, Inc   310,819 
 59,000     Ameris Bancorp   2,239,050 
 10,037  *  Ames National Corp   252,330 
 16,408     Arrow Financial Corp   522,595 
 35,580  *  Atlantic Capital Bancshares, Inc   643,286 
 2,885  e  Auburn National Bancorporation, Inc   93,936 
 81,231  *  Axos Financial, Inc   2,466,173 
 59,825  e  Banc of California, Inc   872,248 
 24,599     Bancfirst Corp   1,320,474 
 129,340     BancorpSouth Bank   3,774,141 
 18,187     Bank of Commerce Holdings   194,419 
 16,598     Bank of Marin Bancorp   696,120 
 76,138     Bank of NT Butterfield & Son Ltd   2,668,637 
 7,049     Bank of Princeton   208,227 
 4,650  *  Bank7 Corp   72,493 
 16,749     BankFinancial Corp   251,235 
 7,434     Bankwell Financial Group, Inc   214,843 
 44,284     Banner Corp   2,415,249 
240

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 20,655     Bar Harbor Bankshares  $494,274 
 12,487  *  Baycom Corp   269,719 
 16,533     BCB Bancorp, Inc   194,097 
 96,529     Beneficial Bancorp, Inc   1,504,887 
 55,076     Berkshire Hills Bancorp, Inc   1,500,821 
 33,303     Blue Hills Bancorp, Inc   787,283 
 113,174     Boston Private Financial Holdings, Inc   1,312,818 
 20,472     Bridge Bancorp, Inc   630,333 
 31,082  *  Bridgewater Bancshares, Inc   346,564 
 111,266     Brookline Bancorp, Inc   1,654,525 
 27,792     Bryn Mawr Bank Corp   1,028,026 
 9,670  *  BSB Bancorp, Inc   311,954 
 11,585     Business First Bancshares, Inc   267,266 
 22,947  *  Byline Bancorp, Inc   433,469 
 3,938     C&F Financial Corp   196,821 
 166,336     Cadence BanCorp   3,118,800 
 4,505  e  Cambridge Bancorp   342,830 
 20,660     Camden National Corp   837,143 
 8,590  *  Capital Bancorp, Inc   100,933 
 13,244     Capital City Bank Group, Inc   317,856 
 177,304     Capitol Federal Financial   2,281,902 
 9,818     Capstar Financial Holdings, Inc   156,597 
 30,342     Carolina Financial Corp   1,050,440 
 105,756     Cathay General Bancorp   3,925,663 
 5,700     CB Financial Services, Inc   137,655 
 25,212     CBTX, Inc   813,087 
 126,991     Centerstate Banks of Florida, Inc   3,149,377 
 41,009     Central Pacific Financial Corp   1,174,088 
 14,062     Central Valley Community Bancorp   278,006 
 3,444     Century Bancorp, Inc   267,358 
 96,668     Chemical Financial Corp   4,297,859 
 3,740     Chemung Financial Corp   156,781 
 13,599     Citizens & Northern Corp   340,927 
 21,745     City Holding Co   1,558,682 
 18,467     Civista Bancshares, Inc   345,887 
 18,179     CNB Financial Corp   459,383 
 8,214  *  Coastal Financial Corp   122,142 
 11,174     Codorus Valley Bancorp, Inc   246,945 
 99,251     Columbia Banking System, Inc   3,647,474 
 70,584  *  Columbia Financial, Inc   1,045,349 
 12,325     Commerce Union Bancshares, Inc   264,988 
 68,458     Community Bank System, Inc   4,104,057 
 25,274  *  Community Bankers Trust Corp   188,544 
 4,657     Community Financial Corp   137,614 
 19,694     Community Trust Bancorp, Inc   799,773 
 42,629     ConnectOne Bancorp, Inc   852,580 
 6,318     County Bancorp, Inc   108,101 
 40,739  *  Customers Bancorp, Inc   801,336 
 152,792     CVB Financial Corp   3,347,673 
 46,495     Dime Community Bancshares   916,881 
 43,231  *  Eagle Bancorp, Inc   2,372,517 
 7,391  *  Entegra Financial Corp   172,654 
 11,122     Enterprise Bancorp, Inc   359,797 
241

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 31,970     Enterprise Financial Services Corp  $1,410,836 
 18,254  *  Equity Bancshares, Inc   579,565 
 7,285  *  Esquire Financial Holdings, Inc   158,303 
 11,519     ESSA Bancorp, Inc   173,476 
 131,920  *  Essent Group Ltd   5,243,820 
 5,436     Evans Bancorp, Inc   190,260 
 10,436  e  Farmers & Merchants Bancorp, Inc   329,047 
 29,118     Farmers National Banc Corp   377,660 
 23,382     FB Financial Corp   773,477 
 13,151     Federal Agricultural Mortgage Corp (Class C)   930,433 
 3,409  e  Fidelity D&D Bancorp, Inc   201,165 
 31,910     Fidelity Southern Corp   971,979 
 18,738     Financial Institutions, Inc   502,553 
 40,871     First Bancorp (NC)   1,502,827 
 290,092     First Bancorp (Puerto Rico)   3,089,480 
 12,679     First Bancorp, Inc   328,006 
 15,111     First Bancshares, Inc   489,748 
 19,916     First Bank   223,856 
 61,426     First Busey Corp   1,520,908 
 9,757     First Business Financial Services, Inc   201,384 
 12,032     First Choice Bancorp   260,012 
 138,357     First Commonwealth Financial Corp   1,881,655 
 19,531     First Community Bancshares, Inc   669,913 
 8,752     First Community Corp   179,416 
 25,822     First Defiance Financial Corp   727,664 
 131,128     First Financial Bancorp   3,452,600 
 89,606  e  First Financial Bankshares, Inc   5,474,927 
 14,536     First Financial Corp   602,808 
 10,818     First Financial Northwest, Inc   163,893 
 56,383  *  First Foundation, Inc   819,245 
 5,815  e  First Guaranty Bancshares, Inc   126,360 
 12,694     First Internet Bancorp   253,880 
 46,202     First Interstate Bancsystem, Inc   1,798,182 
 67,871     First Merchants Corp   2,486,115 
 17,030     First Mid-Illinois Bancshares, Inc   554,837 
 144,843     First Midwest Bancorp, Inc   3,189,443 
 11,534     First Northwest Bancorp   176,124 
 29,949     First of Long Island Corp   620,543 
 2,224  e  First Savings Financial Group, Inc   111,489 
 8,342     First United Corp   135,140 
 40,783  *  Flagstar Bancorp, Inc   1,258,156 
 33,981     Flushing Financial Corp   753,699 
 19,540  *  Franklin Financial Network, Inc   622,740 
 3,856     FS Bancorp, Inc   187,209 
 233,831     Fulton Financial Corp   3,752,988 
 2,529  *  FVCBankcorp, Inc   44,258 
 26,969     German American Bancorp, Inc   788,843 
 115,242     Glacier Bancorp, Inc   4,860,908 
 14,831     Great Southern Bancorp, Inc   791,086 
 80,510     Great Western Bancorp, Inc   2,841,198 
 3,193  e  Greene County Bancorp, Inc   97,291 
 9,124     Guaranty Bancshares, Inc   273,720 
242

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 115,140     Hancock Holding Co  $4,729,951 
 45,743     Hanmi Financial Corp   1,003,144 
 15,383  *  HarborOne Bancorp, Inc   233,514 
 40,772     Heartland Financial USA, Inc   1,849,418 
 57,021     Heritage Commerce Corp   756,669 
 50,883     Heritage Financial Corp   1,576,355 
 99,893     Hilltop Holdings, Inc   1,839,030 
 1,568     Hingham Institution for Savings   289,923 
 9,547     Home Bancorp, Inc   337,582 
 216,164     Home Bancshares, Inc   3,957,963 
 34,158  *  HomeStreet, Inc   835,846 
 23,489     HomeTrust Bancshares, Inc   634,203 
 171,410     Hope Bancorp, Inc   2,452,877 
 48,787     Horizon Bancorp   787,422 
 15,950  *  Howard Bancorp, Inc   204,639 
 76,037     IBERIABANK Corp   5,618,374 
 11,749  *,e  Impac Mortgage Holdings, Inc   41,239 
 37,155     Independent Bank Corp (MA)   2,964,226 
 33,564     Independent Bank Corp (MI)   743,778 
 44,489     Independent Bank Group, Inc   2,347,240 
 77,081     International Bancshares Corp   2,734,063 
 9,633     Investar Holding Corp   222,137 
 330,726     Investors Bancorp, Inc   4,015,014 
 128,193     Kearny Financial Corp   1,645,998 
 61,594     Lakeland Bancorp, Inc   963,946 
 33,414     Lakeland Financial Corp   1,504,632 
 11,358     LCNB Corp   187,407 
 66,001     LegacyTexas Financial Group, Inc   2,629,480 
 10,895  *,e  LendingTree, Inc   3,228,624 
 6,940     Level One Bancorp, Inc   168,642 
 35,305     Live Oak Bancshares, Inc   490,740 
 27,357     Luther Burbank Corp   258,524 
 30,089     Macatawa Bank Corp   293,669 
 7,526  *  Malvern Bancorp, Inc   157,444 
 112,312     MB Financial, Inc   4,984,407 
 21,340     MBT Financial Corp   213,613 
 21,785     Mercantile Bank Corp   723,262 
 22,693     Merchants Bancorp   444,102 
 65,751     Meridian Bancorp, Inc   1,041,167 
 39,241     Meta Financial Group, Inc   924,126 
 9,563  *  Metropolitan Bank Holding Corp   334,705 
 495,117  *  MGIC Investment Corp   6,179,060 
 5,737  e  Mid Penn Bancorp, Inc   132,812 
 3,056     Middlefield Banc Corp   130,675 
 28,123     Midland States Bancorp, Inc   678,046 
 16,830     Midsouth Bancorp, Inc   192,199 
 13,094     MidWestOne Financial Group, Inc   362,835 
 105,071  *  Mr Cooper Group, Inc   1,617,043 
 7,189     MutualFirst Financial, Inc   208,481 
 10,265     MVB Financial Corp   172,863 
 39,469     National Bank Holdings Corp   1,261,429 
 8,191     National Bankshares, Inc   284,473 
 25,897  *  National Commerce Corp   1,054,396 
243

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 59,927     NBT Bancorp, Inc  $2,134,600 
 10,506  *  Nicolet Bankshares, Inc   574,573 
 88,219  *  NMI Holdings, Inc   1,940,818 
 8,497     Northeast Bancorp   167,561 
 58,262     Northfield Bancorp, Inc   833,729 
 8,023     Northrim BanCorp, Inc   265,802 
 131,472     Northwest Bancshares, Inc   2,319,166 
 6,749  e  Norwood Financial Corp   197,881 
 8,461     Oak Valley Bancorp   149,337 
 67,156     OceanFirst Financial Corp   1,612,416 
 1,445  e  Oconee Federal Financial Corp   37,787 
 116,891  *  Ocwen Financial Corp   196,377 
 62,509     OFG Bancorp   1,211,424 
 4,776  e  Ohio Valley Banc Corp   171,363 
 21,287     Old Line Bancshares, Inc   574,962 
 207,662     Old National Bancorp   3,351,665 
 33,981     Old Second Bancorp, Inc   476,753 
 15,149  *  OP Bancorp   137,856 
 27,146     Opus Bank   567,351 
 24,341     Origin Bancorp, Inc   829,298 
 56,313     Oritani Financial Corp   949,437 
 8,694     Orrstown Financial Services, Inc   163,708 
 15,271     Pacific City Financial Corp   251,208 
 18,242  *  Pacific Mercantile Bancorp   143,382 
 62,976  *  Pacific Premier Bancorp, Inc   1,873,536 
 18,585     Park National Corp   1,747,362 
 7,252     Parke Bancorp, Inc   142,284 
 21,230     PCSB Financial Corp   431,181 
 10,723  *  PDL Community Bancorp   138,648 
 27,148     Peapack Gladstone Financial Corp   724,580 
 5,474     Penns Woods Bancorp, Inc   193,396 
 28,580     PennyMac Financial Services, Inc   591,034 
 5,435     Peoples Bancorp of North Carolina, Inc   141,310 
 21,566     Peoples Bancorp, Inc   690,112 
 8,250     Peoples Financial Services Corp   340,230 
 18,765     People’s Utah Bancorp   551,691 
 19,304     Preferred Bank   898,794 
 15,076     Premier Financial Bancorp, Inc   215,135 
 5,138  *  Provident Bancorp, Inc   116,170 
 86,276     Provident Financial Services, Inc   2,131,880 
 9,485     Prudential Bancorp, Inc   173,006 
 17,436     QCR Holdings, Inc   597,357 
 296,217     Radian Group, Inc   5,699,215 
 18,989     RBB Bancorp   354,145 
 66,539     Renasant Corp   2,363,465 
 11,527     Republic Bancorp, Inc (Class A)   480,561 
 57,345  *  Republic First Bancorp, Inc   338,336 
 22,593     Riverview Bancorp, Inc   168,318 
 46,633     S&T Bancorp, Inc   1,791,640 
 48,775     Sandy Spring Bancorp, Inc   1,590,553 
 8,722     SB One Bancorp   191,012 
 64,269  *  Seacoast Banking Corp of Florida   1,768,683 
244

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 20,799  *  Select Bancorp, Inc  $251,668 
 64,672     ServisFirst Bancshares, Inc   2,182,680 
 14,849     Shore Bancshares, Inc   221,250 
 13,457     SI Financial Group, Inc   173,326 
 17,208     Sierra Bancorp   457,733 
 124,753     Simmons First National Corp (Class A)   3,086,389 
 13,867  *  SmartFinancial, Inc   267,633 
 49,748     South State Corp   3,300,780 
 7,594  *  Southern First Bancshares, Inc   273,308 
 8,658     Southern Missouri Bancorp, Inc   304,848 
 24,766     Southern National Bancorp of Virginia, Inc   373,471 
 45,323     Southside Bancshares, Inc   1,495,206 
 12,297  *  Spirit of Texas Bancshares, Inc   270,780 
 20,142     Sterling Bancorp, Inc   173,221 
 27,711     Stock Yards Bancorp, Inc   957,969 
 12,499     Summit Financial Group, Inc   294,101 
 8,884     Territorial Bancorp, Inc   245,021 
 72,514  *  The Bancorp, Inc   614,919 
 7,315     Timberland Bancorp, Inc   205,698 
 20,093     Tompkins Trustco, Inc   1,477,639 
 91,143     TowneBank   2,366,072 
 36,317     Trico Bancshares   1,369,877 
 36,086  *  Tristate Capital Holdings, Inc   734,711 
 33,337  *  Triumph Bancorp, Inc   1,015,445 
 134,231     Trustco Bank Corp NY   1,041,633 
 91,842     Trustmark Corp   2,895,778 
 62,173     UMB Financial Corp   4,001,454 
 88,979     Union Bankshares Corp   2,808,177 
 4,553     Union Bankshares, Inc   216,950 
 135,579     United Bankshares, Inc   4,795,429 
 107,386     United Community Banks, Inc   2,761,968 
 64,491     United Community Financial Corp   611,375 
 70,284     United Financial Bancorp, Inc (New)   1,040,906 
 15,327     United Security Bancshares   157,255 
 8,990     Unity Bancorp, Inc   178,092 
 42,338     Univest Corp of Pennsylvania   994,520 
 436,570     Valley National Bancorp   4,413,723 
 62,359  *  Veritex Holdings, Inc   1,650,019 
 38,103     Walker & Dunlop, Inc   1,831,611 
 113,284     Washington Federal, Inc   3,295,432 
 18,923     Washington Trust Bancorp, Inc   984,753 
 34,218     Waterstone Financial, Inc   537,223 
 73,095     WesBanco, Inc   2,968,388 
 18,958     West Bancorporation, Inc   408,355 
 35,305     Westamerica Bancorporation   2,212,211 
 32,455     Western New England Bancorp, Inc   300,209 
 41,090     WSFS Financial Corp   1,732,765 
       TOTAL BANKS   319,156,834 
              
CAPITAL GOODS - 9.2%
 57,754     Aaon, Inc   2,133,433 
 44,914     AAR Corp   1,692,360 
 83,625     Actuant Corp (Class A)   1,914,176 
245

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 49,235     Advanced Drainage Systems, Inc  $1,255,492 
 46,804  *  Aegion Corp   849,493 
 98,977  *  Aerojet Rocketdyne Holdings, Inc   3,906,622 
 28,917  *  Aerovironment, Inc   2,245,694 
 75,094     Aircastle Ltd   1,564,959 
 13,664     Alamo Group, Inc   1,176,880 
 39,643     Albany International Corp (Class A)   2,721,888 
 11,164     Allied Motion Technologies, Inc   470,674 
 80,778     Altra Holdings, Inc   2,472,615 
 27,632  *  Ameresco, Inc   412,546 
 19,362  *  American Woodmark Corp   1,354,372 
 39,154     Apogee Enterprises, Inc   1,333,977 
 52,357     Applied Industrial Technologies, Inc   3,089,587 
 20,769     Argan, Inc   876,867 
 31,669  *  Armstrong Flooring, Inc   428,165 
 31,249     Astec Industries, Inc   1,156,838 
 29,692  *  Astronics Corp   910,654 
 51,397  *  Atkore International Group, Inc   1,191,896 
 78,367  *  Axon Enterprise, Inc   3,997,501 
 36,663     AZZ, Inc   1,640,669 
 39,587  *,e  Babcock & Wilcox Enterprises, Inc   23,242 
 65,852     Barnes Group, Inc   3,890,536 
 92,620  *  Beacon Roofing Supply, Inc   3,364,885 
 21,230  *,e  Blue Bird Corp   421,840 
 13,308  *,e  BlueLinx Holdings, Inc   387,928 
 92,436  *  BMC Stock Holdings, Inc   1,586,202 
 60,635     Briggs & Stratton Corp   780,979 
 147,992  *  Builders FirstSource, Inc   1,956,454 
 31,502  e  Caesarstone Sdot-Yam Ltd   484,501 
 24,964  *  CAI International, Inc   619,606 
 41,975  *  Chart Industries, Inc   3,135,532 
 21,456     CIRCOR International, Inc   593,258 
 31,903     Columbus McKinnon Corp   1,154,889 
 49,812     Comfort Systems USA, Inc   2,389,482 
 36,898  *  Commercial Vehicle Group, Inc   275,628 
 52,110  *  Continental Building Products Inc   1,372,577 
 22,411  *  CSW Industrials, Inc   1,157,528 
 34,054     Cubic Corp   2,188,651 
 20,231     DMC Global, Inc   698,374 
 31,430     Douglas Dynamics, Inc   1,112,622 
 14,962  *  Ducommun, Inc   589,054 
 23,100  *  DXP Enterprises, Inc   760,221 
 40,629  *  Dycom Industries, Inc   2,358,513 
 6,567     Eastern Co   178,491 
 77,926     EMCOR Group, Inc   5,083,113 
 28,032     Encore Wire Corp   1,510,925 
 39,451  *,e  Energous Corp   294,304 
 52,778  *,e  Energy Recovery, Inc   401,113 
 56,682     EnerSys   4,832,707 
 120,344  *,e  Enphase Energy, Inc   870,087 
 28,141     EnPro Industries, Inc   1,858,713 
 35,163     ESCO Technologies, Inc   2,289,463 
246

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 35,743  *  Esterline Technologies Corp  $4,349,923 
 4,110  e  EVI Industries, Inc   143,439 
 101,275  *  Evoqua Water Technologies Corp   1,094,783 
 82,120     Federal Signal Corp   1,804,998 
 20,358  *  Foundation Building Materials, Inc   186,072 
 63,413     Franklin Electric Co, Inc   3,029,873 
 14,079  *  Freightcar America, Inc   100,242 
 99,436  *,e  FuelCell Energy, Inc   51,031 
 51,117     GATX Corp   3,868,535 
 9,606  *  Gencor Industries, Inc   133,139 
 81,653  *  Generac Holdings, Inc   4,321,893 
 16,974  *  General Finance Corp   163,969 
 43,266  *  Gibraltar Industries, Inc   1,542,433 
 32,016     Global Brass & Copper Holdings, Inc   968,164 
 43,152  *  GMS, Inc   816,867 
 25,268     Gorman-Rupp Co   873,009 
 11,311     Graham Corp   253,366 
 60,009     Granite Construction, Inc   2,593,589 
 82,178  *  Great Lakes Dredge & Dock Corp   580,998 
 41,657     Greenbrier Cos, Inc   1,766,673 
 52,180     Griffon Corp   830,184 
 43,932     H&E Equipment Services, Inc   1,176,060 
 110,305  *  Harsco Corp   2,349,496 
 61,751  *,e  HC2 Holdings, Inc   210,571 
 33,651  *  Herc Holdings, Inc   1,246,770 
 84,921     Hillenbrand, Inc   3,600,650 
 7,214     Hurco Cos, Inc   276,657 
 14,466     Hyster-Yale Materials Handling, Inc   1,006,689 
 10,618  *  IES Holdings, Inc   177,745 
 20,916  *  Infrastructure and Energy Alternatives, Inc   173,394 
 26,224     Insteel Industries, Inc   579,288 
 91,895  *  JELD-WEN Holding, Inc   1,639,407 
 42,582     John Bean Technologies Corp   3,382,714 
 14,965     Kadant, Inc   1,276,514 
 37,742     Kaman Corp   2,231,307 
 192,277     KBR, Inc   3,307,164 
 110,563     Kennametal, Inc   4,154,958 
 67,049  *,e  KEYW Holding Corp, The   481,412 
 118,986  *  Kratos Defense & Security Solutions, Inc   1,843,093 
 7,652  *  Lawson Products, Inc   226,499 
 11,932  *  LB Foster Co (Class A)   213,225 
 14,028     Lindsay Corp   1,204,725 
 24,697  *  Lydall, Inc   654,964 
 17,733  *  Manitex International, Inc   124,308 
 51,341  *  Manitowoc Co, Inc   781,410 
 35,234  *  Masonite International Corp   2,015,385 
 85,855  *  Mastec, Inc   3,810,245 
 77,155  e  Maxar Technologies, Inc   433,611 
 64,091  *  Mercury Systems, Inc   3,757,655 
 109,775  *  Meritor, Inc   2,270,147 
 94,360  *  Milacron Holdings Corp   1,307,830 
 14,788     Miller Industries, Inc   444,379 
 43,415     Moog, Inc (Class A)   3,884,340 
247

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 111,284  *  MRC Global, Inc  $1,738,256 
 79,458     Mueller Industries, Inc   2,058,757 
 216,034     Mueller Water Products, Inc (Class A)   2,134,416 
 23,109  *  MYR Group, Inc   704,131 
 7,210  e  National Presto Industries, Inc   862,460 
 66,538  *  Navistar International Corp   2,185,108 
 57,202  *  NCI Building Systems, Inc   466,768 
 47,448  *,e  Nexeo Solutions, Inc   446,011 
 56,951     NN, Inc   519,963 
 11,136  *  Northwest Pipe Co   256,573 
 148,964  *  NOW, Inc   2,015,483 
 13,057  *  NV5 Holdings, Inc   924,044 
 3,308     Omega Flex, Inc   209,396 
 41,471  *  Orion Marine Group, Inc   175,008 
 30,790  *  Patrick Industries, Inc   1,228,521 
 75,776  *  PGT, Inc   1,260,913 
 300,537  *,e  Plug Power, Inc   411,736 
 11,025     Powell Industries, Inc   307,708 
 3,590     Preformed Line Products Co   199,245 
 57,524     Primoris Services Corp   1,147,604 
 36,521  *  Proto Labs, Inc   4,534,082 
 49,507     Quanex Building Products Corp   774,785 
 50,334     Raven Industries, Inc   1,861,855 
 32,743  *  RBC Bearings, Inc   4,565,029 
 39,770  e  REV Group, Inc   330,489 
 140,422  *  Rexnord Corp   3,672,035 
 6,213     Rush Enterprises, Inc   241,810 
 40,696     Rush Enterprises, Inc (Class A)   1,556,622 
 56,643     Simpson Manufacturing Co, Inc   3,476,747 
 55,143  *  SiteOne Landscape Supply, Inc   2,939,122 
 14,988  *  Sparton Corp   275,629 
 60,043  *  SPX Corp   1,786,279 
 57,074  *  SPX FLOW, Inc   1,870,315 
 18,245     Standex International Corp   1,360,712 
 36,242  *  Sterling Construction Co, Inc   479,844 
 41,014     Sun Hydraulics Corp   1,452,716 
 134,976  *  Sunrun, Inc   1,795,181 
 25,134     Tennant Co   1,476,120 
 37,059  *  Textainer Group Holdings Ltd   482,508 
 44,452  *  Thermon Group Holdings   1,025,063 
 80,213     Titan International, Inc   450,797 
 27,422  *  Titan Machinery, Inc   513,888 
 20,560  *  TPI Composites, Inc   622,351 
 80,656  *  Trex Co, Inc   5,626,563 
 62,878  *  Trimas Corp   1,822,833 
 70,940     Triton International Ltd   2,550,293 
 65,044     Triumph Group, Inc   1,161,035 
 54,904  *  Tutor Perini Corp   944,898 
 9,908  *  Twin Disc, Inc   179,533 
 83,051     Universal Forest Products, Inc   2,559,632 
 15,852  *  Vectrus, Inc   399,312 
 17,758  *  Veritiv Corp   606,436 
248

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 24,363  *  Vicor Corp  $959,659 
 46,908  *,e  Vivint Solar, Inc   205,926 
 75,939     Wabash National Corp   1,058,590 
 37,887     Watts Water Technologies, Inc (Class A)   2,836,600 
 82,531  *  Wesco Aircraft Holdings, Inc   721,321 
 3,809  *  Willis Lease Finance Corp   145,809 
 49,666  *  Willscot Corp   509,077 
 73,149     Woodward Governor Co   6,645,587 
       TOTAL CAPITAL GOODS   252,863,752 
              
COMMERCIAL & PROFESSIONAL SERVICES - 4.0%
 90,576     ABM Industries, Inc   3,096,793 
 57,359  *  Acacia Research (Acacia Technologies)   174,371 
 141,133     ACCO Brands Corp   1,246,204 
 100,783  *  Advanced Disposal Services, Inc   2,539,732 
 10,666     Barrett Business Services, Inc   668,225 
 14,801     BG Staffing, Inc   381,422 
 64,847     Brady Corp (Class A)   2,899,309 
 37,147  *  BrightView Holdings, Inc   550,147 
 68,823     Brink’s Co   5,096,343 
 54,269  *  Casella Waste Systems, Inc (Class A)   1,634,582 
 70,901  *  CBIZ, Inc   1,389,660 
 34,683  *  Ceco Environmental Corp   238,619 
 9,534  *  Charah Solutions, Inc   68,263 
 30,023  *  Cimpress NV   2,497,013 
 1,670     Compx International, Inc   23,814 
 160,486     Covanta Holding Corp   2,583,825 
 11,364     CRA International, Inc   474,333 
 61,852     Deluxe Corp   2,905,188 
 37,869     Ennis, Inc   751,321 
 71,150     Exponent, Inc   3,554,654 
 15,466     Forrester Research, Inc   694,578 
 11,828  *  Franklin Covey Co   288,130 
 51,584  *  FTI Consulting, Inc   3,524,219 
 14,730  *  GP Strategies Corp   221,539 
 101,656  e  Healthcare Services Group   4,434,235 
 26,327     Heidrick & Struggles International, Inc   870,107 
 20,563  *  Heritage-Crystal Clean, Inc   526,413 
 81,209     Herman Miller, Inc   2,779,784 
 59,595     HNI Corp   2,316,458 
 31,475  *  Huron Consulting Group, Inc   1,521,816 
 25,636     ICF International, Inc   1,689,925 
 53,029  *  Innerworkings, Inc   243,403 
 52,343     Insperity, Inc   5,583,951 
 83,712     Interface, Inc   1,373,714 
 43,934     Kelly Services, Inc (Class A)   984,122 
 32,173     Kforce, Inc   1,055,596 
 48,452     Kimball International, Inc (Class B)   684,627 
 69,203     Knoll, Inc   1,395,133 
 77,644     Korn/Ferry International   3,540,566 
 49,594     LSC Communications, Inc   393,280 
 43,938     Matthews International Corp (Class A)   1,954,802 
 33,853     McGrath RentCorp   1,706,191 
249

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 24,320  *  Mistras Group, Inc  $357,747 
 61,710     Mobile Mini, Inc   2,332,021 
 46,692     MSA Safety, Inc   4,677,605 
 20,224     Multi-Color Corp   941,427 
 59,675     Navigant Consulting, Inc   1,546,776 
 9,268  *  NL Industries, Inc   35,126 
 68,427  *  On Assignment, Inc   4,310,217 
 248,999     Pitney Bowes, Inc   1,795,283 
 45,808     Quad Graphics, Inc   618,866 
 43,007     Resources Connection, Inc   718,647 
 96,389     RR Donnelley & Sons Co   491,584 
 32,526  *  SP Plus Corp   1,076,611 
 118,612     Steelcase, Inc (Class A)   1,957,098 
 19,807     Systemax, Inc   462,295 
 41,494  *,e  Team, Inc   595,024 
 76,396     Tetra Tech, Inc   4,216,295 
 59,606  *  TriNet Group, Inc   2,721,610 
 56,309  *  TrueBlue, Inc   1,373,377 
 21,038     Unifirst Corp   2,912,290 
 21,087  *,e  Upwork, Inc   407,190 
 30,458     US Ecology, Inc   1,939,261 
 28,841     Viad Corp   1,519,921 
 10,321     VSE Corp   336,774 
 53,547  *  WageWorks, Inc   1,689,408 
 13,452  *  Willdan Group, Inc   452,660 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   110,041,520 
              
CONSUMER DURABLES & APPAREL - 2.7%
 49,147     Acushnet Holdings Corp   1,129,889 
 73,948  *  American Outdoor Brands Corp   892,552 
 12,138     Bassett Furniture Industries, Inc   231,472 
 45,377  *  Beazer Homes USA, Inc   568,574 
 126,275     Callaway Golf Co   2,057,020 
 12,078  *  Cavco Industries, Inc   2,008,451 
 34,126  *  Century Communities, Inc   800,596 
 24,098     Clarus Corp   269,657 
 90,838  *  CROCS, Inc   2,608,867 
 12,782     Culp, Inc   244,136 
 39,834  *  Deckers Outdoor Corp   5,116,677 
 12,451     Escalade, Inc   138,953 
 32,938     Ethan Allen Interiors, Inc   625,163 
 8,919     Flexsteel Industries, Inc   222,707 
 61,653  *,e  Fossil Group, Inc   1,045,635 
 58,069  *  G-III Apparel Group Ltd   2,024,866 
 152,925  *,e  GoPro, Inc   753,920 
 27,060  *  Green Brick Partners, Inc   228,928 
 10,698     Hamilton Beach Brands Holding Co   279,646 
 35,651  *  Helen of Troy Ltd   4,136,942 
 14,989     Hooker Furniture Corp   431,233 
 202,212  *  Hovnanian Enterprises, Inc (Class A)   142,782 
 29,503  *  Installed Building Products Inc   1,242,371 
 36,799  *,e  iRobot Corp   3,304,182 
250

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 7,752     Johnson Outdoors, Inc  $485,663 
 113,481     KB Home   2,429,628 
 64,798     La-Z-Boy, Inc   1,919,317 
 25,436  *,e  LGI Homes, Inc   1,508,355 
 11,479     Lifetime Brands, Inc   111,691 
 7,912  *  Lovesac Co   188,939 
 39,485  *  M/I Homes, Inc   1,045,958 
 27,762  *  Malibu Boats Inc   1,125,749 
 9,223     Marine Products Corp   130,967 
 28,055  *  MasterCraft Boat Holdings, Inc   612,441 
 61,926     MDC Holdings, Inc   2,039,223 
 51,946  *  Meritage Homes Corp   2,341,726 
 23,252     Movado Group, Inc   742,901 
 4,690     Nacco Industries, Inc (Class A)   159,835 
 41,330  *  Nautilus, Inc   310,388 
 16,885  *  New Home Co Inc   116,844 
 22,695     Oxford Industries, Inc   1,737,983 
 5,620  *,e  Purple Innovation, Inc   32,146 
 8,337     Rocky Brands, Inc   223,515 
 58,709  *,e  Roku, Inc   2,638,970 
 40,138     Skyline Corp   724,892 
 20,662  *,e  Sonos, Inc   245,258 
 117,822     Steven Madden Ltd   3,846,888 
 24,091     Sturm Ruger & Co, Inc   1,312,478 
 10,648     Superior Uniform Group, Inc   189,215 
 157,280  *  Taylor Morrison Home Corp   2,972,592 
 47,827  *  TopBuild Corp   2,525,744 
 189,629  *  TRI Pointe Homes, Inc   2,550,510 
 65,228     Tupperware Corp   1,778,768 
 14,209  *,e  Turtle Beach Corp   211,572 
 23,912  *  Unifi, Inc   511,478 
 18,892  *  Universal Electronics, Inc   532,188 
 33,254  *  Vera Bradley, Inc   297,623 
 82,637  *  Vista Outdoor, Inc   824,717 
 28,735  *,e  Vuzix Corp   121,549 
 47,320  *  William Lyon Homes, Inc   627,463 
 124,491     Wolverine World Wide, Inc   4,271,286 
 22,868  *,e  YETI Holdings, Inc   388,985 
 36,584  *  Zagg, Inc   410,472 
       TOTAL CONSUMER DURABLES & APPAREL   74,751,136 
              
CONSUMER SERVICES - 3.8%
 79,808  *  Adtalem Global Education, Inc   3,902,611 
 22,763  *  American Public Education, Inc   673,557 
 89,451     BBX Capital Corp   551,913 
 120,819  *  Belmond Ltd.   3,010,809 
 117  *  Biglari Holdings, Inc (A Shares)   76,051 
 1,723  *  Biglari Holdings, Inc (B Shares)   225,575 
 28,785     BJ’s Restaurants, Inc   1,434,357 
 110,971     Bloomin’ Brands, Inc   2,045,196 
 12,062  e  Bluegreen Vacations Corp   161,631 
 108,913     Boyd Gaming Corp   2,975,503 
 51,671  e  Brinker International, Inc   2,093,709 
251

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 95,027  *  Career Education Corp  $1,226,799 
 25,532     Carriage Services, Inc   496,597 
 53,205  *  Carrols Restaurant Group, Inc   459,159 
 32,974  *  Century Casinos, Inc   252,911 
 57,341  e  Cheesecake Factory   2,573,464 
 148,133  *  Chegg, Inc   5,217,244 
 47,385     Churchill Downs, Inc   4,358,472 
 25,593  *  Chuy’s Holdings, Inc   581,473 
 26,143  e  Cracker Barrel Old Country Store, Inc   4,373,201 
 54,400     Dave & Buster’s Entertainment, Inc   2,798,880 
 50,045  *  Del Frisco’s Restaurant Group, Inc   396,356 
 45,597  *  Del Taco Restaurants, Inc   473,753 
 86,069  *  Denny’s Corp   1,522,561 
 23,318     DineEquity, Inc   1,778,464 
 90,362  *  Drive Shack, Inc   380,424 
 29,966  *  El Pollo Loco Holdings, Inc   494,139 
 88,346  *  Eldorado Resorts, Inc   4,118,691 
 3,992  *,e  Empire Resorts, Inc   47,904 
 34,136  *  Fiesta Restaurant Group, Inc   507,261 
 23,503  *  Golden Entertainment, Inc   439,506 
 29,227  *  Habit Restaurants, Inc   298,700 
 140,402  *  Houghton Mifflin Harcourt Co   1,470,009 
 33,452     International Speedway Corp (Class A)   1,453,489 
 16,109  *  J Alexander’s Holdings, Inc   138,537 
 36,031     Jack in the Box, Inc   2,916,709 
 52,773  *  K12, Inc   1,662,877 
 131,993  *  Laureate Education, Inc   2,111,888 
 23,604  *  Lindblad Expeditions Holdings, Inc   290,093 
 52,890     Marriott Vacations Worldwide Corp   4,682,881 
 16,198  *  Monarch Casino & Resort, Inc   700,402 
 3,345     Nathan’s Famous, Inc   225,788 
 20,119  *  Noodles & Co   144,857 
 29,506  e  Papa John’s International, Inc   1,247,809 
 149,708  *  Penn National Gaming, Inc   3,628,922 
 120,823  *  Planet Fitness, Inc   6,998,068 
 31,687  *  PlayAGS, Inc   794,076 
 33,767  *  Potbelly Corp   292,760 
 10,626     RCI Hospitality Holdings, Inc   237,066 
 29,170  *  Red Lion Hotels Corp   269,823 
 19,335  *  Red Robin Gourmet Burgers, Inc   618,333 
 94,253     Red Rock Resorts, Inc   2,392,141 
 49,532  *  Regis Corp   923,772 
 41,210     Ruth’s Chris Steak House, Inc   951,951 
 75,290  *  Scientific Games Corp (Class A)   1,886,767 
 73,927  *  SeaWorld Entertainment, Inc   1,925,798 
 32,859  *  Shake Shack, Inc   1,569,346 
 47,185  *  Sotheby’s (Class A)   1,905,802 
 13,226     Speedway Motorsports, Inc   213,468 
 28,946     Strategic Education Inc   3,166,692 
 92,214     Texas Roadhouse, Inc (Class A)   5,610,300 
 17,676  *  Town Sports International Holdings, Inc   106,586 
 53,386  *  Weight Watchers International, Inc   1,708,352 
252

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 39,611     Wingstop, Inc  $2,600,462 
       TOTAL CONSUMER SERVICES   104,792,695 
              
DIVERSIFIED FINANCIALS - 4.1%
 40,765     AG Mortgage Investment Trust   734,585 
 144,139     Anworth Mortgage Asset Corp   644,301 
 166,963     Apollo Commercial Real Estate Finance, Inc   3,038,727 
 95,380     Arbor Realty Trust, Inc   1,140,745 
 37,997     Ares Commercial Real Estate Corp   547,157 
 41,326  e  Arlington Asset Investment Corp (Class A)   356,230 
 58,074  *  ARMOUR Residential REIT, Inc   1,220,715 
 67,057     Artisan Partners Asset Management, Inc   1,563,769 
 931  *  Ashford, Inc   60,515 
 3,336  e  Associated Capital Group, Inc   141,413 
 23,987     B. Riley Financial, Inc   365,802 
 45,413     Banco Latinoamericano de Exportaciones S.A. (Class E)   852,856 
 152,474     Blackstone Mortgage Trust, Inc   5,258,828 
 66,844  *  Blucora, Inc   1,972,566 
 96,099  *  Cannae Holdings, Inc   1,858,555 
 127,516     Capstead Mortgage Corp   939,793 
 23,166     Cherry Hill Mortgage Investment Corp   428,571 
 30,915     Cohen & Steers, Inc   1,163,331 
 115,203     Colony Credit Real Estate, Inc   1,925,042 
 40,181  *  Cowen Group, Inc   649,727 
 19,878  *  Curo Group Holdings Corp   248,475 
 4,420     Diamond Hill Investment Group, Inc   685,100 
 47,935  *  Donnelley Financial Solutions, Inc   701,768 
 90,524     Dynex Capital, Inc   544,954 
 27,627  *  Elevate Credit, Inc   122,940 
 36,902  *,e  Encore Capital Group, Inc   1,090,085 
 46,235  *  Enova International, Inc   1,065,717 
 43,510     Exantas Capital Corp   459,901 
 69,786  *  Ezcorp, Inc (Class A)   650,406 
 131,672     Federated Investors, Inc (Class B)   3,440,589 
 202,236  *  FGL Holdings   1,599,687 
 59,441     FirstCash, Inc   4,899,722 
 26,178  *  Focus Financial Partners, Inc   736,125 
 42,779  e  Gain Capital Holdings, Inc   276,780 
 3,706     GAMCO Investors, Inc (Class A)   73,935 
 58,745     Granite Point Mortgage Trust, Inc   1,146,702 
 17,588     Great Ajax Corp   227,061 
 65,937  *  Green Dot Corp   4,880,657 
 26,235     Greenhill & Co, Inc   657,449 
 24,533     Hamilton Lane, Inc   889,812 
 46,145     Houlihan Lokey, Inc   2,041,455 
 20,946  *  INTL FCStone, Inc   800,766 
 154,119     Invesco Mortgage Capital, Inc   2,481,316 
 45,451     Investment Technology Group, Inc   1,375,347 
 143,190  e  iShares Russell 2000 Index Fund   21,343,901 
 29,667     KKR Real Estate Finance Trust, Inc   611,734 
 129,349     Ladder Capital Corp   2,239,031 
 127,467     Ladenburg Thalmann Financial Services, Inc   367,105 
 450,715  *  LendingClub Corp   1,437,781 
253

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 11,119     Marlin Business Services Corp  $246,731 
 61,176     Moelis & Co   2,676,450 
 26,215     Nelnet, Inc (Class A)   1,378,909 
 221,328     New York Mortgage Trust, Inc   1,389,940 
 35,784  *  NewStar Financial, Inc   9,288 
 113,030     OM Asset Management plc   1,398,181 
 73,550  *  On Deck Capital, Inc   553,096 
 14,277     Oppenheimer Holdings, Inc   384,480 
 70,902     Orchid Island Capital, Inc   492,060 
 81,130     PennyMac Mortgage Investment Trust   1,642,071 
 27,062     Pico Holdings, Inc   262,772 
 20,028     Piper Jaffray Cos   1,382,533 
 27,345     PJT Partners, Inc   1,188,961 
 61,699  *  PRA Group, Inc   1,820,737 
 19,726     Pzena Investment Management, Inc (Class A)   172,800 
 24,521     Ready Capital Corp   383,508 
 112,739     Redwood Trust, Inc   1,818,480 
 14,569  *  Regional Management Corp   400,356 
 31,121  *  Safeguard Scientifics, Inc   295,338 
 9,050  *,e  Siebert Financial Corp   100,093 
 8,405     Silvercrest Asset Management Group, Inc   111,955 
 95,146     Stifel Financial Corp   4,554,639 
 50,304     TPG RE Finance Trust, Inc   997,528 
 1,276     Value Line, Inc   27,370 
 10,066     Virtus Investment Partners, Inc   905,638 
 108,381  e  Waddell & Reed Financial, Inc (Class A)   1,855,483 
 67,116     Western Asset Mortgage Capital Corp   641,629 
 13,237     Westwood Holdings Group, Inc   484,739 
 160,830     WisdomTree Investments, Inc   1,077,561 
 8,374  *  World Acceptance Corp   868,300 
       TOTAL DIVERSIFIED FINANCIALS   111,481,155 
              
ENERGY - 3.6%
 244,708  *  Abraxas Petroleum Corp   291,203 
 2,617     Adams Resources & Energy, Inc   103,712 
 135,015  *,e  Alta Mesa Resources, Inc   129,344 
 50,922  *,e  Approach Resources, Inc   49,053 
 24,272     Arch Coal, Inc   2,139,091 
 170,696     Archrock, Inc   1,611,370 
 54,093  *  Ardmore Shipping Corp   306,707 
 27,059  *  Basic Energy Services, Inc   128,530 
 24,200     Berry Petroleum Co LLC   285,318 
 26,832  *  Bonanza Creek Energy, Inc   618,478 
 43,251  *,e  Bristow Group, Inc   142,296 
 82,186  *  C&J Energy Services, Inc   1,320,729 
 50,328  *  Cactus, Inc   1,651,765 
 62,601  *  California Resources Corp   1,261,410 
 302,324  *  Callon Petroleum Co   2,460,917 
 46,979  *,e  CARBO Ceramics, Inc   189,325 
 118,041  *  Carrizo Oil & Gas, Inc   1,449,544 
 217,570  *  Clean Energy Fuels Corp   413,383 
 38,093  *  CONSOL Energy, Inc   1,353,444 
254

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 53,748  *,e  Covia Holdings Corp  $251,541 
 24,439     CVR Energy, Inc   981,226 
 25,756  *  Dawson Geophysical Co   100,706 
 110,712     Delek US Holdings, Inc   3,599,247 
 615,719  *  Denbury Resources, Inc   1,249,910 
 124,521     DHT Holdings, Inc   504,310 
 81,115  *,e  Diamond Offshore Drilling, Inc   886,587 
 42,831  *  Dorian LPG Ltd   234,714 
 50,097  *  Dril-Quip, Inc   1,875,632 
 33,623  *  Earthstone Energy, Inc   202,747 
 153,056  *,e  Eclipse Resources Corp   176,014 
 114,091  *,e  Energy Fuels, Inc   326,300 
 82,025  *  EP Energy Corp   56,548 
 23,812  *  Era Group, Inc   224,309 
 40,260     Evolution Petroleum Corp   300,742 
 43,933  *  Exterran Corp   762,677 
 117,521  *  Forum Energy Technologies, Inc   577,028 
 98,960  *  Frank’s International NV   563,082 
 106,284  *,e  Frontline Ltd   547,363 
 45,029  *  FTS International, Inc   366,986 
 56,818     GasLog Ltd   1,018,747 
 126,522     Golar LNG Ltd   2,817,645 
 10,568  *  Goodrich Petroleum Corp   144,570 
 52,409     Green Plains Renewable Energy, Inc   744,732 
 235,024  *  Gulfport Energy Corp   1,971,851 
 183,375  *,e  Halcon Resources Corp   300,735 
 17,984     Hallador Energy Co   101,879 
 195,864  *  Helix Energy Solutions Group, Inc   1,337,751 
 155,233  *  HighPoint Resources Corp   434,652 
 65,271  *  Independence Contract Drilling, Inc   223,227 
 30,727  *  International Seaways, Inc   556,773 
 19,665  *  ION Geophysical Corp   176,395 
 815  *,e  Isramco, Inc   90,710 
 91,839  *,e  Jagged Peak Energy, Inc   967,065 
 74,382  *  Keane Group, Inc   749,771 
 17,646  *,e  Key Energy Services, Inc   29,469 
 29,221  *  KLX Energy Services Holdings, Inc   761,499 
 199,517  *  Laredo Petroleum Holdings, Inc   758,165 
 60,535  e  Liberty Oilfield Services, Inc   920,737 
 64,350  *,e  Lilis Energy, Inc   139,640 
 18,482     Mammoth Energy Services, Inc   409,007 
 139,497  *  Matador Resources Co   2,720,192 
 39,292  *  Matrix Service Co   842,813 
 242,908  *  McDermott International, Inc   2,142,449 
 21,768  *  Midstates Petroleum Co, Inc   210,714 
 14,645  *  Natural Gas Services Group, Inc   241,789 
 12,987  *,e  NCS Multistage Holdings, Inc   73,506 
 124,732  *  Newpark Resources, Inc   1,036,523 
 9,330  *,e  NextDecade Corp   34,055 
 20,707  *  Nine Energy Service, Inc   496,554 
 337,415  *  Noble Corp plc   1,113,470 
 189,538  e  Nordic American Tanker Shipping   388,553 
 280,712  *  Northern Oil And Gas, Inc   710,201 
255

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 364,303  *  Oasis Petroleum, Inc  $2,193,104 
 134,265  *  Oceaneering International, Inc   2,106,618 
 78,851  *  Oil States International, Inc   1,357,814 
 95,875  *  Overseas Shipholding Group, Inc   173,534 
 18,403     Panhandle Oil and Gas, Inc (Class A)   294,448 
 42,073  *  Par Pacific Holdings, Inc   684,107 
 87,783  *  PDC Energy, Inc   2,859,092 
 106,052     Peabody Energy Corp   3,786,056 
 17,385  *  Penn Virginia Corp   912,017 
 13,161  *,e  PHI, Inc   43,168 
 147,889  *  Pioneer Energy Services Corp   218,876 
 28,861  *  Profire Energy, Inc   48,198 
 95,598  *  ProPetro Holding Corp   1,562,071 
 7,077  *,e  Quintana Energy Services, Inc   34,253 
 49,898  *  Renewable Energy Group, Inc   1,442,052 
 30,049  *,e  Resolute Energy Corp   983,504 
 7,925  *  Rex American Resources Corp   577,970 
 15,435  *  RigNet, Inc   206,212 
 76,867  *  Ring Energy, Inc   451,978 
 2,865  *,e  Rosehill Resources, Inc   9,970 
 166,287  *  Rowan Cos plc   2,027,039 
 49,886  *  SandRidge Energy, Inc   413,555 
 61,095     Scorpio Tankers, Inc   1,144,309 
 23,385  *  SEACOR Holdings, Inc   967,905 
 22,140  *  SEACOR Marine Holdings, Inc   293,355 
 60,727  *  Select Energy Services, Inc   516,180 
 103,763     SemGroup Corp   1,662,283 
 113,292     Ship Finance International Ltd   1,377,631 
 8,148  *  SilverBow Resources, Inc   198,078 
 29,965  *,e  Smart Sand, Inc   76,111 
 37,003  e  Solaris Oilfield Infrastructure, Inc   556,525 
 800,350  *  Southwestern Energy Co   3,497,530 
 320,307  *  SRC Energy, Inc   1,575,910 
 202,855  *  Superior Energy Services   793,163 
 30,883  *  Talos Energy, Inc   589,865 
 94,347  e  Teekay Corp   331,158 
 294,434     Teekay Tankers Ltd (Class A)   294,434 
 118,118  *,e  Tellurian, Inc   1,181,180 
 167,668  *  Tetra Technologies, Inc   357,133 
 40,260  *  Tidewater, Inc   866,395 
 194,970  *,e  Ultra Petroleum Corp   140,378 
 74,530  *  Unit Corp   1,189,499 
 270,509  *,e  Uranium Energy Corp   351,662 
 106,817  e  US Silica Holdings Inc   1,439,893 
 134,777  *  W&T Offshore, Inc   679,276 
 91,997     World Fuel Services Corp   2,289,805 
 65,032  *  Zion Oil & Gas, Inc   31,638 
       TOTAL ENERGY   99,146,059 
              
FOOD & STAPLES RETAILING - 0.5%
 38,519     Andersons, Inc   1,350,091 
 29,757  *  Chefs’ Warehouse Holdings, Inc   955,795 
256

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 19,314     Ingles Markets, Inc (Class A)  $551,222 
 15,774  *  Natural Grocers by Vitamin C   215,473 
 139,513  *  Performance Food Group Co   4,765,764 
 29,913     Pricesmart, Inc   1,832,171 
 1,389,952  *,e  Rite Aid Corp   1,116,548 
 42,171  *  Smart & Final Stores, Inc   254,291 
 50,282     Spartan Stores, Inc   1,043,351 
 68,616  *  United Natural Foods, Inc   898,870 
 9,198     Village Super Market (Class A)   247,334 
 14,207     Weis Markets, Inc   689,324 
       TOTAL FOOD & STAPLES RETAILING   13,920,234 
              
FOOD, BEVERAGE & TOBACCO - 1.6%
 175,658  *,e  22nd Century Group, Inc   393,474 
 3,776     Alico, Inc   111,770 
 90,838  e  B&G Foods, Inc (Class A)   2,421,741 
 11,124  *  Boston Beer Co, Inc (Class A)   2,771,656 
 21,809     Calavo Growers, Inc   1,774,380 
 43,052     Cal-Maine Foods, Inc   1,815,933 
 102,357  *,e  Castle Brands, Inc   86,522 
 27,868  *,e  Celsius Holdings, Inc   113,980 
 6,478     Coca-Cola Bottling Co Consolidated   1,397,952 
 19,135  *  Craft Brewers Alliance, Inc   314,962 
 224,211  *  Darling International, Inc   4,768,968 
 126,408     Dean Foods Co   527,121 
 12,253  *  Farmer Bros Co   301,424 
 41,270     Fresh Del Monte Produce, Inc   1,319,815 
 36,959  *  Freshpet, Inc   1,329,415 
 140,030  *  Hostess Brands, Inc   1,608,945 
 20,400     J&J Snack Foods Corp   3,148,740 
 12,321     John B. Sanfilippo & Son, Inc   840,908 
 25,893     Lancaster Colony Corp   4,118,799 
 31,585  *  Landec Corp   400,814 
 20,803     Limoneira Co   458,290 
 17,754  e  MGP Ingredients, Inc   1,274,560 
 16,255     National Beverage Corp   1,362,819 
 47,679  *  Primo Water Corp   621,257 
 27,532  e  Sanderson Farms, Inc   3,389,189 
 8,108  *  Seneca Foods Corp   231,889 
 82,553  *  Simply Good Foods Co   1,633,724 
 23,187  e  Tootsie Roll Industries, Inc   803,430 
 11,016     Turning Point Brands, Inc   390,077 
 34,300     Universal Corp   1,979,110 
 133,676     Vector Group Ltd   1,470,436 
       TOTAL FOOD, BEVERAGE & TOBACCO   43,182,100 
              
HEALTH CARE EQUIPMENT & SERVICES - 6.7%
 113,532  *  Accuray, Inc   499,541 
 12,943  *  Addus HomeCare Corp   778,521 
 232,774  *  Allscripts Healthcare Solutions, Inc   2,744,405 
 36,472  *  Amedisys, Inc   4,783,668 
 19,603  *  American Renal Associates Holdings, Inc   237,588 
257

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 63,103  *  AMN Healthcare Services, Inc  $4,088,443 
 50,496  *  Angiodynamics, Inc   1,065,466 
 20,833  *  Anika Therapeutics, Inc   791,446 
 200,414  *,e  Antares Pharma, Inc   605,250 
 4,283  *,e  Apollo Medical Holdings, Inc   83,647 
 49,312  *  AtriCure, Inc   1,526,206 
 1,976     Atrion Corp   1,473,780 
 64,553  *  Avanos Medical, Inc   2,940,389 
 44,655  *  AxoGen, Inc   736,807 
 9,294  *,e  Axonics Modulation Technologies, Inc   135,692 
 173,329  *  BioScrip, Inc   629,184 
 44,843  *  BioTelemetry, Inc   3,220,624 
 256,152  *  Brookdale Senior Living, Inc   2,087,639 
 38,117  *  Capital Senior Living Corp   265,675 
 45,318  *  Cardiovascular Systems, Inc   1,410,749 
 124,336  *  Castlight Health, Inc   369,278 
 188,549  *  Cerus Corp   1,123,752 
 23,908  *  Civitas Solutions, Inc   423,889 
 113,135  *,e  Community Health Systems, Inc   445,752 
 15,932     Computer Programs & Systems, Inc   418,056 
 34,195     Conmed Corp   2,405,618 
 12,314  *  Corvel Corp   769,256 
 48,155  *  Cross Country Healthcare, Inc   463,733 
 48,831  *  CryoLife, Inc   1,362,873 
 36,024  *,e  CryoPort, Inc   377,892 
 21,998  *  Cutera, Inc   315,891 
 41,296  *,e  CytoSorbents Corp   309,307 
 77,539  *  Diplomat Pharmacy, Inc   1,124,316 
 7,775  *,e  ElectroCore LLC   51,937 
 68,244     Ensign Group, Inc   2,973,391 
 92,725  *  Evolent Health, Inc   1,639,378 
 7,193  *  FONAR Corp   158,965 
 83,287  *  Genesis Health Care, Inc   130,761 
 76,602  *  GenMark Diagnostics, Inc   508,637 
 46,826  *  Glaukos Corp   2,987,031 
 97,953  *  Globus Medical, Inc   4,412,783 
 19,422  *  Guardant Health, Inc   783,483 
 71,013  *  Haemonetics Corp   7,023,896 
 74,176  *  HealthEquity, Inc   4,624,132 
 36,431     HealthStream, Inc   916,604 
 19,882  *,e  Helius Medical Technologies, Inc   146,332 
 9,759  *  Heska Corp   962,237 
 113,214  *  HMS Holdings Corp   3,395,288 
 24,369  *  Inogen Inc   3,684,836 
 96,096  *,e  Inovalon Holdings, Inc   1,373,212 
 15,891  *  Inspire Medical Systems, Inc   852,234 
 42,083  *  Integer Holding Corp   3,408,302 
 10,304  *  IntriCon Corp   267,080 
 44,929     Invacare Corp   230,935 
 7,027  *,e  iRadimed Corp   192,680 
 31,917  *  iRhythm Technologies, Inc   2,712,945 
 51,630  *  Lantheus Holdings, Inc   868,417 
258

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 21,751     LeMaitre Vascular, Inc  $518,544 
 40,190  *  LHC Group, Inc   4,249,289 
 66,496  *  LivaNova plc   6,138,911 
 33,287  *  Magellan Health Services, Inc   2,168,981 
 78,878  *  Medidata Solutions, Inc   5,597,183 
 58,648     Meridian Bioscience, Inc   961,241 
 73,367  *  Merit Medical Systems, Inc   4,147,437 
 16,922     National Healthcare Corp   1,359,344 
 13,460     National Research Corp   538,131 
 44,345  *  Natus Medical, Inc   1,496,200 
 69,065  *  Neogen Corp   4,206,749 
 8,226  *  Neuronetics, Inc   140,829 
 39,693  *  Nevro Corp   1,927,492 
 73,539  *  NextGen Healthcare, Inc   1,300,170 
 100,613  *  Novocure Ltd   4,930,037 
 69,437  *  NuVasive, Inc   3,481,571 
 26,519  *  Nuvectra Corp   371,266 
 91,564  *  NxStage Medical, Inc   2,661,765 
 52,904  *  Omnicell, Inc   3,445,638 
 81,319  *  OraSure Technologies, Inc   1,044,949 
 23,927  *  Orthofix International NV   1,294,690 
 10,914  *  OrthoPediatrics Corp   395,851 
 90,063     Owens & Minor, Inc   681,777 
 37,661  *  Oxford Immunotec Global plc   547,591 
 108,454     Patterson Cos, Inc   2,417,440 
 21,070  *,e  PetIQ, Inc   640,949 
 15,573  *  Providence Service Corp   998,852 
 10,716  *,e  Pulse Biosciences, Inc   143,166 
 46,932  *  Quidel Corp   2,723,464 
 48,793  *  Quorum Health Corp   142,963 
 143,693  *  R1 RCM, Inc   1,166,787 
 54,495  *  RadNet, Inc   743,857 
 56,389  *,e  Rockwell Medical, Inc   175,934 
 65,561  *  RTI Biologics, Inc   287,813 
 19,818  *  SeaSpine Holdings Corp   303,017 
 147,962  *  Select Medical Holdings Corp   2,311,166 
 136,614  *,e  Senseonics Holdings, Inc   342,901 
 11,198  *,e  SI-BONE, Inc   201,340 
 31,788  *  Sientra, Inc   353,483 
 12,818     Simulations Plus, Inc   246,875 
 59,212  *  Staar Surgical Co   2,115,645 
 28,263  *,e  Surgery Partners, Inc   369,680 
 17,978  *  SurModics, Inc   1,029,600 
 24,503  *  Tabula Rasa HealthCare, Inc   1,477,041 
 24,129  *  Tactile Systems Technology, Inc   1,606,509 
 69,680  *  Tandem Diabetes Care, Inc   3,029,686 
 91,289  *,e  Teladoc, Inc   5,860,754 
 112,521  *  Tenet Healthcare Corp   2,474,337 
 56,445  *  Tivity Health, Inc   1,256,466 
 236,321  *,e  TransEnterix, Inc   642,793 
 33,470  *  Triple-S Management Corp (Class B)   674,755 
 17,268     US Physical Therapy, Inc   1,828,509 
 4,059     Utah Medical Products, Inc   381,302 
259

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 6,228  *  Vapotherm, Inc  $104,817 
 50,565  *  Varex Imaging Corp   1,440,597 
 84,864  *,e  ViewRay, Inc   610,172 
 40,576  *  Vocera Communications, Inc   1,656,312 
 169,659  *  Wright Medical Group NV   5,062,625 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   182,747,072 
              
HOUSEHOLD & PERSONAL PRODUCTS - 0.6%
 12,748  *  Central Garden & Pet Co   499,849 
 55,519  *  Central Garden and Pet Co (Class A)   1,977,587 
 74,205  *  Edgewell Personal Care Co   2,927,387 
 32,764  *,e  elf Beauty, Inc   275,218 
 24,475     Inter Parfums, Inc   1,626,609 
 15,772     Medifast, Inc   2,006,829 
 11,372  e  Natural Health Trends Corp   186,387 
 12,223  *  Nature’s Sunshine Products, Inc   97,784 
 5,962     Oil-Dri Corp of America   158,231 
 13,484  *,e  Revlon, Inc (Class A)   353,281 
 17,522  *  USANA Health Sciences, Inc   2,051,826 
 18,479     WD-40 Co   3,358,558 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   15,519,546 
              
INSURANCE - 2.7%
 62,870  *  AMBAC Financial Group, Inc   1,189,500 
 123,665     American Equity Investment Life Holding Co   3,873,188 
 25,925     Amerisafe, Inc   1,540,204 
 44,231     Argo Group International Holdings Ltd   2,951,977 
 66,254  *,e  Citizens, Inc (Class A)   469,741 
 226,386     Conseco, Inc   4,047,782 
 14,063     Crawford & Co (Class B)   135,708 
 9,879     Donegal Group, Inc (Class A)   130,107 
 26,133  *  eHealth, Inc   1,598,294 
 10,262     EMC Insurance Group, Inc   337,415 
 44,895     Employers Holdings, Inc   1,902,201 
 16,304  *  Enstar Group Ltd   2,902,112 
 14,381     FBL Financial Group, Inc (Class A)   1,009,834 
 14,809     FedNat Holding Co   268,191 
 686,836  *  Genworth Financial, Inc (Class A)   3,324,286 
 9,538     Global Indemnity Ltd   313,800 
 14,272  *,e  Goosehead Insurance, Inc   410,177 
 41,579  *  Greenlight Capital Re Ltd (Class A)   431,174 
 17,649  *  Hallmark Financial Services   171,195 
 10,907     HCI Group, Inc   516,774 
 17,456  *,e  Health Insurance Innovations, Inc   669,263 
 30,423     Heritage Insurance Holdings, Inc   441,742 
 57,148     Horace Mann Educators Corp   2,380,214 
 7,770     Independence Holding Co   277,855 
 1,658     Investors Title Co   286,386 
 35,716     James River Group Holdings Ltd   1,377,566 
 72,175     Kemper Corp   5,426,117 
 10,652     Kingstone Cos, Inc   175,225 
260

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 26,551     Kinsale Capital Group, Inc  $1,539,958 
 105,407     Maiden Holdings Ltd   135,975 
 127,379  *  MBIA, Inc   1,224,112 
 88,670     National General Holdings Corp   2,141,381 
 3,312     National Western Life Group, Inc   1,004,530 
 28,936     Navigators Group, Inc   2,019,733 
 12,045  *  NI Holdings, Inc   180,675 
 58,968     Primerica, Inc   6,626,234 
 72,329     ProAssurance Corp   3,085,555 
 11,413     Protective Insurance Corp   210,342 
 53,604     RLI Corp   3,538,400 
 19,848     Safety Insurance Group, Inc   1,633,689 
 79,452     Selective Insurance Group, Inc   4,840,216 
 20,382     State Auto Financial Corp   692,988 
 32,248     Stewart Information Services Corp   1,433,424 
 105,283  *  Third Point Reinsurance Ltd   1,106,524 
 29,168     Tiptree Financial, Inc   173,550 
 34,164  *,e  Trupanion, Inc   907,054 
 29,800     United Fire & Casualty Co   1,549,600 
 27,826     United Insurance Holdings Corp   454,120 
 44,660     Universal Insurance Holdings, Inc   1,684,575 
       TOTAL INSURANCE   74,740,663 
              
MATERIALS - 3.8%
 33,879  *  A Schulman, Inc   64,709 
 24,291  e  Advanced Emissions Solutions, Inc   275,217 
 42,294  *  AdvanSix, Inc   1,338,182 
 38,475  *,e  AgroFresh Solutions, Inc   154,669 
 429,890  *,e  AK Steel Holding Corp   1,268,175 
 170,918  *  Allegheny Technologies, Inc   4,681,444 
 41,664     American Vanguard Corp   729,953 
 40,509  *,e  Amyris, Inc   137,326 
 44,313     Balchem Corp   3,678,865 
 52,737     Boise Cascade Co   1,448,685 
 63,291     Carpenter Technology Corp   2,991,133 
 72,626  *  Century Aluminum Co   668,159 
 9,844     Chase Corp   992,472 
 22,075  *  Clearwater Paper Corp   744,369 
 399,653     Cleveland-Cliffs, Inc   4,280,284 
 247,410  *  Coeur Mining, Inc   1,274,161 
 154,073     Commercial Metals Co   2,688,574 
 45,753     Compass Minerals International, Inc   2,390,594 
 110,828  *  Ferro Corp   1,847,503 
 69,112  *  Ferroglobe plc   0 
 95,983  *  Flotek Industries, Inc   245,716 
 30,751  *,e  Forterra, Inc   157,753 
 35,430  *  FutureFuel Corp   648,723 
 98,259  *  GCP Applied Technologies, Inc   2,476,127 
 73,426  *  Gold Resource Corp   329,683 
 6,597     Greif, Inc   297,855 
 34,368     Greif, Inc (Class A)   1,340,352 
 66,893     H.B. Fuller Co   3,303,845 
 11,299     Hawkins, Inc   468,796 
261

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 19,140     Haynes International, Inc  $627,792 
 613,105     Hecla Mining Co   1,655,383 
 57,934  *  Ingevity Corp   5,449,851 
 28,868     Innophos Holdings, Inc   863,153 
 33,924     Innospec, Inc   2,383,839 
 130,310  *  Intrepid Potash, Inc   405,264 
 22,354     Kaiser Aluminum Corp   2,243,671 
 26,176  *  Koppers Holdings, Inc   596,551 
 42,826  *  Kraton Polymers LLC   1,207,693 
 30,034     Kronos Worldwide, Inc   395,548 
 31,151  *,e  Livent Corp   394,372 
 190,052     Louisiana-Pacific Corp   4,633,468 
 39,524  *  LSB Industries, Inc   294,454 
 66,564  *  Marrone Bio Innovations, Inc   101,843 
 28,855     Materion Corp   1,354,165 
 48,114     Minerals Technologies, Inc   2,818,037 
 51,017     Myers Industries, Inc   829,536 
 23,360     Neenah Paper, Inc   1,627,491 
 10,497     Olympic Steel, Inc   202,277 
 59,660  *  Omnova Solutions, Inc   531,571 
 59,480     PH Glatfelter Co   760,154 
 108,400     PolyOne Corp   3,508,908 
 54,650  *  PQ Group Holdings, Inc   822,482 
 17,706     Quaker Chemical Corp   3,620,169 
 7,201  *  Ramaco Resources, Inc   43,638 
 71,779     Rayonier Advanced Materials, Inc   1,039,360 
 25,988  *  Ryerson Holding Corp   182,696 
 36,594     Schnitzer Steel Industries, Inc (Class A)   885,575 
 42,498     Schweitzer-Mauduit International, Inc   1,362,486 
 57,041     Sensient Technologies Corp   3,581,034 
 27,734     Stepan Co   2,438,651 
 151,934  *  Summit Materials, Inc   2,318,513 
 94,093  *  SunCoke Energy, Inc   1,057,605 
 10,086     Synalloy Corp   159,359 
 419,569  *  Tahoe Resources, Inc   1,590,167 
 56,520  *  TimkenSteel Corp   719,500 
 23,980  *  Trecora Resources   207,907 
 37,554     Tredegar Corp   612,506 
 57,245     Trinseo S.A.   2,807,867 
 127,580     Tronox Ltd   1,117,601 
 7,781  *  UFP Technologies, Inc   256,773 
 2,097     United States Lime & Minerals, Inc   144,714 
 8,561  *  Universal Stainless & Alloy   153,499 
 21,442  *  US Concrete, Inc   763,335 
 47,510     Valhi, Inc   158,208 
 46,904  *  Verso Corp   1,157,122 
 60,997     Warrior Met Coal, Inc   1,752,444 
 57,625  *  Worthington Industries, Inc   2,174,191 
       TOTAL MATERIALS   104,935,747 
              
MEDIA & ENTERTAINMENT - 2.4%
 70,644  e  AMC Entertainment Holdings, Inc   1,034,935 

 

262

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 5,375     Beasley Broadcasting Group, Inc  $24,295 
 6,160  *,e  Boston Omaha Corp   155,786 
 10,519  *  Cardlytics, Inc   183,977 
 28,412  *  Care.com, Inc   675,353 
 68,115  *  Cargurus, Inc   2,913,279 
 93,542  *  Cars.com, Inc   2,554,632 
 99,404  *  Central European Media Enterprises Ltd (Class A) (NASDAQ)   299,206 
 41,972  *  Clear Channel Outdoor Holdings, Inc (Class A)   233,784 
 1,313  *,e  Daily Journal Corp   290,317 
 34,372     Emerald Expositions Events, Inc   488,082 
 182,533     Entercom Communications Corp (Class A)   1,337,967 
 94,262     Entravision Communications Corp (Class A)   371,392 
 48,617  *,e  Eros International plc   463,320 
 65,659     EW Scripps Co (Class A)   1,233,076 
 39,757  *  Fluent, Inc   187,653 
 157,007     Gannett Co, Inc   1,741,208 
 155,237  *  Glu Mobile, Inc   1,512,008 
 106,791  *  Gray Television, Inc   1,784,478 
 22,106  *  Hemisphere Media Group, Inc   293,126 
 72,836  *  Imax Corp   1,512,804 
 11,678  *  Liberty Braves Group (Class A)   316,941 
 49,742  *  Liberty Braves Group (Class C)   1,341,044 
 156,213  *  Liberty Latin America Ltd   2,730,603 
 57,483  *  Liberty Latin America Ltd (Class A)   1,002,216 
 101,413  *  Liberty TripAdvisor Holdings, Inc   1,689,541 
 39,406  *  LiveXLive Media, Inc   239,983 
 19,242  *  Loral Space & Communications, Inc   694,829 
 27,845     Marcus Corp   1,241,052 
 82,233  *  MDC Partners, Inc   244,232 
 96,554  *  Meet Group, Inc   558,082 
 53,794  e  Meredith Corp   2,919,400 
 81,040  *  MSG Networks, Inc   1,815,296 
 104,440     National CineMedia, Inc   721,680 
 83,108     New Media Investment Group, Inc   1,136,086 
 180,159  e  New York Times Co (Class A)   4,631,888 
 61,159     Nexstar Broadcasting Group, Inc (Class A)   5,104,942 
 59,570  *  QuinStreet, Inc   1,134,213 
 20,451  *  Reading International, Inc   323,126 
 28,402  *  Rosetta Stone, Inc   430,574 
 4,295     Saga Communications, Inc   145,257 
 40,167     Scholastic Corp   1,674,562 
 90,425     Sinclair Broadcast Group, Inc (Class A)   2,785,994 
 28,465  *  TechTarget, Inc   412,743 
 291,531     TEGNA, Inc   3,422,574 
 5,847  *  Travelzoo, Inc   71,918 
 22,998  *  Tribune Publishing Co   275,286 
 126,875  *  TrueCar, Inc   1,190,088 
 43,015  *  WideOpenWest, Inc   325,193 
 58,786     World Wrestling Entertainment, Inc (Class A)   4,840,439 
 110,533  *  Yelp, Inc   4,025,612 
       TOTAL MEDIA & ENTERTAINMENT   66,736,072 
263

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.8%
 43,563  *,e  Abeona Therapeutics, Inc  $295,793 
 133,810  *  Acadia Pharmaceuticals, Inc   3,048,192 
 33,936  *,e  Accelerate Diagnostics, Inc   617,975 
 52,685  *  Acceleron Pharma, Inc   2,233,844 
 39,307  *,e  Achaogen, Inc   59,354 
 186,007  *  Achillion Pharmaceuticals, Inc   407,355 
 51,324  *  Aclaris Therapeutics, Inc   357,728 
 61,558  *  Acorda Therapeutics, Inc   1,023,710 
 30,778  *,e  Adamas Pharmaceuticals, Inc   277,002 
 23,078  *,e  ADMA Biologics, Inc   68,080 
 90,961  *  Aduro Biotech, Inc   271,064 
 80,821  *  Adverum Biotechnologies, Inc   257,011 
 28,151  *  Aeglea BioTherapeutics, Inc   257,300 
 47,768  *  Aerie Pharmaceuticals, Inc   2,246,051 
 130,448  *,e  Agenus, Inc   439,610 
 12,495  *,e  AgeX Therapeutics, Inc   48,356 
 58,024  *  Aimmune Therapeutics, Inc   1,364,724 
 17,976  *,e  Akcea Therapeutics, Inc   477,802 
 123,311  *  Akebia Therapeutics, Inc   679,444 
 118,762  *  Akorn, Inc   446,545 
 13,593  *  Albireo Pharma, Inc   353,418 
 82,333  *  Alder Biopharmaceuticals, Inc   1,159,249 
 26,216  *  Aldeyra Therapeutics, Inc   230,963 
 11,924  *,e  Allakos, Inc   476,364 
 14,146  *  Allena Pharmaceuticals, Inc   99,163 
 28,606  *  Allogene Therapeutics, Inc   867,620 
 45,354  *  AMAG Pharmaceuticals, Inc   742,445 
 257,252  *,e  Amicus Therapeutics, Inc   3,097,314 
 119,080  *  Amneal Pharmaceuticals, Inc   1,462,302 
 51,051  *  Amphastar Pharmaceuticals, Inc   1,161,921 
 96,781  *,e  Ampio Pharmaceuticals, Inc   48,390 
 29,329  *  AnaptysBio, Inc   1,945,099 
 11,936  *  ANI Pharmaceuticals, Inc   641,441 
 48,505  *  Apellis Pharmaceuticals, Inc   679,070 
 17,152  *,e  Aptinyx, Inc   91,592 
 6,730  *  Aquestive Therapeutics, Inc   41,255 
 72,186  *  Aratana Therapeutics, Inc   319,784 
 52,216  *  Arbutus Biopharma Corp   192,677 
 41,982  *  Arcus Biosciences, Inc   426,957 
 38,816  *  Ardelyx, Inc   81,514 
 68,380  *  Arena Pharmaceuticals, Inc   3,143,429 
 160,901  *  Arqule, Inc   595,334 
 280,975  *  Array Biopharma, Inc   5,245,803 
 116,828  *,e  Arrowhead Research Corp   1,649,611 
 5,372  *,e  Arsanis, Inc   14,666 
 10,417  *,e  Arvinas, Inc   181,360 
 30,156  *  Assembly Biosciences, Inc   686,954 
 97,548  *  Assertio Therapeutics, Inc.   435,064 
 58,012  *  Atara Biotherapeutics, Inc   2,204,456 
 61,786  *,e  Athenex, Inc   725,985 
 138,360  *,e  Athersys, Inc   219,992 
 49,744  *  Audentes Therapeutics, Inc   1,233,651 
264

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 149,235  *,e  AVEO Pharmaceuticals, Inc  $104,375 
 74,635  *  Avid Bioservices, Inc   287,345 
 10,871  *  Avrobio, Inc   135,453 
 64,941  *  Bellicum Pharmaceuticals, Inc   214,305 
 148,179  *  BioCryst Pharmaceuticals, Inc   1,286,194 
 37,940  *  Biohaven Pharmaceutical Holding Co Ltd   1,445,135 
 7,782  *  Biospecifics Technologies Corp   505,674 
 124,954  *,e  BioTime, Inc   176,185 
 56,336  *  Blueprint Medicines Corp   4,061,262 
 35,916  *  Calithera Biosciences, Inc   160,185 
 9,448  *,e  Calyxt, Inc   125,375 
 46,189  *  Cambrex Corp   2,016,150 
 45,409  *,e  Cara Therapeutics Inc   692,487 
 48,434  *  CareDx, Inc   1,357,605 
 73,710  *,e  CASI Pharmaceuticals, Inc   255,037 
 21,450  *  Catalyst Biosciences, Inc   188,545 
 139,214  *  Catalyst Pharmaceuticals, Inc   350,819 
 7,093  *  Celcuity, Inc   157,606 
 14,157  *,e  Cellular Biomedicine Group, Inc   251,570 
 34,873  *  ChemoCentryx, Inc   426,846 
 54,689  *  Chimerix, Inc   127,425 
 46,955  *,e  ChromaDex Corp   156,360 
 34,113  *,e  Clearside Biomedical, Inc   40,253 
 65,527  *,e  Clovis Oncology, Inc   1,661,765 
 71,917  *  Codexis, Inc   1,353,478 
 27,226  *,e  Cohbar, Inc   89,301 
 74,877  *  Coherus Biosciences, Inc   1,007,844 
 40,112  *,e  Collegium Pharmaceutical, Inc   642,193 
 30,717  *  Concert Pharmaceuticals Inc   434,646 
 5,204  *  Constellation Pharmaceuticals, Inc   37,625 
 73,167  *,e  Corbus Pharmaceuticals Holdings, Inc   553,143 
 135,115  *,e  Corcept Therapeutics, Inc   1,510,586 
 38,815  *,e  Corium International, Inc   6,987 
 16,921  *  Corvus Pharmaceuticals, Inc   67,515 
 11,729  *,e  Crinetics Pharmaceuticals, Inc   308,238 
 62,328  *,e  CTI BioPharma Corp   74,170 
 21,569  *,e  Cue Biopharma, Inc   110,218 
 79,342  *  Cymabay Therapeutics, Inc   690,275 
 66,985  *  Cytokinetics, Inc   470,905 
 61,229  *  CytomX Therapeutics, Inc   1,039,668 
 11,761  *  Deciphera Pharmaceuticals, Inc   316,018 
 63,027  *,e  Denali Therapeutics, Inc   1,201,295 
 55,962  *  Dermira, Inc   369,349 
 71,921  *  Dicerna Pharmaceuticals Inc   741,506 
 18,020  *,e  Dova Pharmaceuticals, Inc   138,394 
 192,015  *  Durect Corp   116,207 
 87,372  *,e  Dynavax Technologies Corp   962,839 
 15,532  *  Eagle Pharmaceuticals, Inc   656,382 
 63,826  *  Editas Medicine, Inc   1,386,939 
 9,347  *,e  Eidos Therapeutics, Inc   114,127 
 26,241  *  Eloxx Pharmaceuticals, Inc   316,466 
 62,096  *  Emergent Biosolutions, Inc   3,874,169 
 23,153  *  Enanta Pharmaceuticals, Inc   1,839,043 
265

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 309,848  *  Endo International plc  $3,021,018 
 48,178  *  Enzo Biochem, Inc   181,149 
 79,642  *  Epizyme, Inc   813,941 
 6,936  *  Equillium, Inc   60,967 
 31,371  *,e  Esperion Thereapeutics, Inc   1,457,183 
 18,447  *,e  Evelo Biosciences, Inc   165,654 
 13,561  *,e  Evolus, Inc   221,722 
 86,049  *  Fate Therapeutics, Inc   1,302,782 
 13,825  *  Fennec Pharmaceuticals, Inc   92,489 
 103,654  *  FibroGen, Inc   5,882,364 
 49,519  *  Five Prime Therapeutics, Inc   557,089 
 43,960  *,e  Flexion Therapeutics Inc   645,772 
 34,764  *  Fluidigm Corp   300,709 
 13,877  *  Forty Seven, Inc   203,853 
 32,437  *  G1 Therapeutics, Inc   693,827 
 27,740  *  Genomic Health, Inc   2,102,969 
 290,699  *,e  Geron Corp   334,304 
 68,236  *  Global Blood Therapeutics, Inc   3,269,187 
 46,753  *,e  GlycoMimetics Inc   523,634 
 9,264  *,e  Gritstone Oncology, Inc   118,579 
 171,097  *  Halozyme Therapeutics, Inc   2,768,349 
 42,864  *  Harvard Bioscience, Inc   147,024 
 94,245  *  Heron Therapeutics, Inc   2,535,190 
 22,978  *,e  Homology Medicines, Inc   465,764 
 229,078  *  Horizon Pharma plc   4,922,886 
 29,494  *  Idera Pharmaceuticals, Inc   74,620 
 39,100  *  Immune Design Corp   60,996 
 196,810  *  Immunogen, Inc   1,033,252 
 202,697  *,e  Immunomedics, Inc   2,997,889 
 22,571  *,e  Innovate Biopharmaceuticals, Inc   53,042 
 93,135  *  Innoviva, Inc   1,592,609 
 117,830  *  Inovio Pharmaceuticals, Inc   590,328 
 103,418  *  Insmed, Inc   2,514,092 
 40,017  *,e  Insys Therapeutics, Inc   138,459 
 43,358  *,e  Intellia Therapeutics, Inc   613,082 
 29,831  *  Intercept Pharmaceuticals, Inc   3,600,005 
 40,948  *  Intersect ENT, Inc   1,214,927 
 61,165  *  Intra-Cellular Therapies, Inc   736,427 
 95,641  *,e  Intrexon Corp   732,610 
 89,312  *  Invitae Corp   1,257,513 
 141,568  *  Iovance Biotherapeutics, Inc   1,295,347 
 191,452  *  Ironwood Pharmaceuticals, Inc   2,615,234 
 27,816  *  Jounce Therapeutics, Inc   116,549 
 153,200  *,e  Kadmon Holdings, Inc   369,212 
 16,484  *  Kala Pharmaceuticals, Inc   91,157 
 63,906  *  Karyopharm Therapeutics, Inc   541,284 
 6,633  *,e  Kezar Life Sciences, Inc   118,797 
 44,759  *  Kindred Biosciences Inc   440,876 
 8,359  *,e  Kiniksa Pharmaceuticals Ltd   146,282 
 12,726  *  Kodiak Sciences, Inc   97,736 
 39,207  *  Kura Oncology, Inc   623,391 
 28,734  *,e  La Jolla Pharmaceutical Co   173,553 
266

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 38,981  *,e  Lannett Co, Inc  $290,798 
 57,103  *,e  Lexicon Pharmaceuticals, Inc   270,097 
 28,454  *  Ligand Pharmaceuticals, Inc (Class B)   3,360,417 
 6,286  *  Liquidia Technologies, Inc   90,456 
 10,888  *  LogicBio Therapeutics, Inc   96,250 
 36,721  *  Loxo Oncology, Inc   8,614,747 
 58,697     Luminex Corp   1,637,059 
 52,203  *  MacroGenics, Inc   612,341 
 9,295  *,e  Madrigal Pharmaceuticals, Inc   1,075,989 
 5,201  *,e  Magenta Therapeutics, Inc   36,459 
 113,200  *  Mallinckrodt plc   2,474,552 
 212,106  *,e  MannKind Corp   267,254 
 58,571  *  Marinus Pharmaceuticals, Inc   194,456 
 93,699  *,e  Medicines Co   2,165,384 
 44,814  *,e  MediciNova, Inc   406,911 
 29,354  *  Medpace Holdings, Inc   1,890,398 
 4,967  *,e  MeiraGTx Holdings plc   61,491 
 23,719  *  Melinta Therapeutics, Inc   20,024 
 7,433  *  Menlo Therapeutics, Inc   39,767 
 17,161  *,e  Mersana Therapeutics, Inc   78,597 
 45,243  *  Minerva Neurosciences, Inc   297,699 
 25,120  *  Miragen Therapeutics, Inc   71,843 
 27,701  *  Mirati Therapeutics, Inc   1,830,482 
 11,020  *  Molecular Templates, Inc   52,235 
 104,735  *  Momenta Pharmaceuticals, Inc   1,242,157 
 20,327  *,e  Mustang Bio, Inc   75,616 
 46,514  *  MyoKardia, Inc   1,924,749 
 96,488  *  Myriad Genetics, Inc   2,719,997 
 33,720  *  NanoString Technologies, Inc   749,933 
 35,776  *,e  NantKwest, Inc   38,638 
 44,160  *  Natera, Inc   600,134 
 85,713  *  NeoGenomics, Inc   1,424,550 
 8,130  *,e  Neon Therapeutics, Inc   34,471 
 30,628  *,e  Neos Therapeutics, Inc   65,544 
 34,728  *  NewLink Genetics Corp   51,745 
 523,857  *,e  Novavax, Inc   1,225,825 
 33,197  *,e  Nymox Pharmaceutical Corp   73,365 
 51,352  *,e  Ocular Therapeutix, Inc   194,111 
 7,813  *,e  Odonate Therapeutics, Inc   129,461 
 60,948  *,e  Omeros Corp   831,331 
 443,290  *,e  Opko Health, Inc   1,631,307 
 26,559  *,e  Optinose, Inc   171,040 
 119,432  *,e  Organovo Holdings, Inc   120,626 
 13,082  *  Osmotica Pharmaceuticals plc   102,563 
 14,346  *  Ovid therapeutics, Inc   40,599 
 193,773  *  Pacific Biosciences of California, Inc   1,340,909 
 54,857  *  Pacira Pharmaceuticals, Inc   2,231,583 
 239,339  *,e  Palatin Technologies, Inc   165,551 
 50,229  *,e  Paratek Pharmaceuticals, Inc   338,795 
 212,948  *  PDL BioPharma, Inc   677,175 
 26,062  *  Pfenex, Inc   102,684 
 27,781     Phibro Animal Health Corp   867,323 
 63,351  *  Pieris Pharmaceuticals, Inc   181,817 
267

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 15,198  *,e  PolarityTE, Inc  $269,309 
 87,667  *,e  Portola Pharmaceuticals, Inc   2,375,776 
 70,879  *  Prestige Brands Holdings, Inc   1,978,942 
 7,648  *  Principia Biopharma, Inc   231,811 
 106,086  *  Progenics Pharmaceuticals, Inc   469,961 
 46,147  *,e  Proteostasis Therapeutics, Inc   139,364 
 58,664  *  Prothena Corp plc   689,302 
 61,975  *  PTC Therapeutics, Inc   1,929,282 
 40,754  *  Puma Biotechnology, Inc   1,136,222 
 10,223  *,e  Quanterix Corp   215,296 
 21,372  *  Ra Pharmaceuticals, Inc   438,767 
 52,269  *  Radius Health, Inc   954,955 
 25,143  *  Reata Pharmaceuticals, Inc   2,005,657 
 15,942  *  Recro Pharma, Inc   132,159 
 43,638  *  REGENXBIO, Inc   1,918,326 
 53,437  *  Repligen Corp   3,046,443 
 9,633  *  Replimune Group, Inc   116,656 
 14,765  *  resTORbio, Inc   131,113 
 57,656  *  Retrophin, Inc   1,243,063 
 42,872  *  Revance Therapeutics, Inc   740,399 
 21,121  *  Rhythm Pharmaceuticals, Inc   561,819 
 227,938  *  Rigel Pharmaceuticals, Inc   492,346 
 29,427  *,e  Rocket Pharmaceuticals, Inc   423,160 
 20,094  *,e  Rubius Therapeutics, Inc   275,087 
 141,940  *  Sangamo Biosciences, Inc   1,659,279 
 38,195  *  Savara, Inc   289,900 
 8,016  *,e  Scholar Rock Holding Corp   121,122 
 8,518  *,e  scPharmaceuticals, Inc   33,220 
 27,592  *,e  Selecta Biosciences, Inc   43,319 
 23,913  *,e  Seres Therapeutics, Inc   147,304 
 17,452  *  Sienna Biopharmaceuticals, Inc   46,771 
 63,337  *,e  SIGA Technologies, Inc   429,425 
 17,966  *  Solid Biosciences, Inc   452,204 
 172,015  *,e  Sorrento Therapeutics, Inc   354,351 
 42,029  *  Spark Therapeutics, Inc   2,009,827 
 141,204  *  Spectrum Pharmaceuticals, Inc   1,581,485 
 6,931  *,e  Spero Therapeutics, Inc   72,914 
 13,545  *,e  Spring Bank Pharmaceuticals, Inc   146,692 
 41,190  *  Stemline Therapeutics, Inc   455,561 
 66,507  *  Supernus Pharmaceuticals, Inc   2,535,912 
 8,867  *  Surface Oncology, Inc   50,985 
 8,574  *  Sutro Biopharma, Inc   90,713 
 17,941  *  Syndax Pharmaceuticals, Inc   100,470 
 84,638  *  Syneos Health, Inc   4,319,924 
 18,794  *,e  Synlogic, Inc   151,856 
 29,878  *  Syros Pharmaceuticals, Inc   178,969 
 42,755  *,e  T2 Biosystems, Inc   149,643 
 48,439  *,e  Teligent, Inc   82,346 
 93,487  *  Tetraphase Pharmaceuticals, Inc   114,989 
 93,961  *,e  TG Therapeutics, Inc   385,240 
 252,635  *,e  TherapeuticsMD, Inc   1,326,334 
 58,682  *,e  Theravance Biopharma, Inc   1,528,666 
268

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 30,657  *,e  Tocagen, Inc  $345,198 
 12,634  *,e  Translate Bio, Inc   71,761 
 17,468  *  Tricida, Inc   383,248 
 6,759  *,e  Twist Bioscience Corp   156,336 
 171,958  *,e  Tyme Technologies, Inc   462,567 
 65,171  *  Ultragenyx Pharmaceutical, Inc   3,214,234 
 33,284  *,e  UNITY Biotechnology, Inc   380,769 
 25,481  *,e  Unum Therapeutics, Inc   110,078 
 70,201  *  Vanda Pharmaceuticals, Inc   1,904,553 
 41,563  *  Veracyte, Inc   756,031 
 110,482  *,e  Verastem, Inc   362,381 
 58,413  *  Vericel Corp   1,004,704 
 7,478  *  Verrica Pharmaceuticals, Inc   89,512 
 80,197  *,e  Viking Therapeutics, Inc   654,408 
 30,388  *  Voyager Therapeutics, Inc   318,770 
 23,748  *  WaVe Life Sciences Pte Ltd   884,613 
 64,674  *  Xencor Inc   2,334,731 
 8,525  *,e  Xeris Pharmaceuticals, Inc   118,327 
 7,765  *,e  XOMA Corp   93,724 
 9,329  *  Y-mAbs Therapeutics, Inc   191,991 
 46,597  *  Zafgen, Inc   206,891 
 188,549  *,e  ZIOPHARM Oncology, Inc   422,350 
 56,500  *,e  Zogenix, Inc   2,471,875 
 48,150  *,e  Zomedica Pharmaceuticals Corp   38,510 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   241,614,442 
              
REAL ESTATE - 7.5%
 111,570     Acadia Realty Trust   3,205,406 
 46,154     Agree Realty Corp   3,047,549 
 94,789     Alexander & Baldwin, Inc   2,183,939 
 3,045     Alexander’s, Inc   1,014,168 
 16,385  *,e  Altisource Portfolio Solutions S.A.   387,997 
 53,561     American Assets Trust, Inc   2,299,909 
 2,523  *,e  American Realty Investors, Inc   33,001 
 118,566     Americold Realty Trust   3,476,355 
 70,733     Armada Hoffler Properties, Inc   1,062,410 
 114,329     Ashford Hospitality Trust, Inc   565,929 
 37,356     Bluerock Residential Growth REIT, Inc   387,755 
 40,227     BraeMar Hotels & Resorts, Inc   447,324 
 10,076     Brt Realty Trust   131,089 
 113,755     CareTrust REIT, Inc   2,500,335 
 66,748     CatchMark Timber Trust Inc   613,414 
 223,480     CBL & Associates Properties, Inc   556,465 
 133,565     Cedar Realty Trust, Inc   466,142 
 62,586     Chatham Lodging Trust   1,264,863 
 82,915     Chesapeake Lodging Trust   2,361,419 
 47,298     City Office REIT, Inc   546,765 
 19,188     Clipper Realty, Inc   248,485 
 25,259     Community Healthcare Trust, Inc   834,052 
 4,973     Consolidated-Tomoka Land Co   303,701 
 161,706     CoreCivic, Inc   3,213,098 
 18,349     CorEnergy Infrastructure Trust, Inc   657,078 
 56,954     CorePoint Lodging, Inc   697,117 
269

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 565,559    Cousins Properties, Inc  $5,005,197 
 67,549  *  Cushman & Wakefield plc   1,164,545 
 282,942     DiamondRock Hospitality Co   2,874,691 
 82,164     Easterly Government Properties, Inc   1,475,665 
 47,684     EastGroup Properties, Inc   4,933,387 
 51,176     Essential Properties Realty Trust, Inc   813,698 
 39,521     Farmland Partners, Inc   221,713 
 168,973     First Industrial Realty Trust, Inc   5,528,797 
 16,136  *  Forestar Group, Inc   258,337 
 92,078     Four Corners Property Trust, Inc   2,600,283 
 151,914     Franklin Street Properties Corp   1,127,202 
 66,096     Front Yard Residential Corp   715,159 
 8,123  *  FRP Holdings, Inc   411,999 
 165,664     Geo Group, Inc   3,735,723 
 45,074     Getty Realty Corp   1,445,072 
 42,441     Gladstone Commercial Corp   846,698 
 15,944     Gladstone Land Corp   192,604 
 29,706     Global Medical REIT, Inc   284,881 
 99,402     Global Net Lease, Inc   1,927,405 
 765     Griffin Land & Nurseries, Inc (Class A)   25,727 
 72,116     Hannon Armstrong Sustainable Infrastructure Capital, Inc   1,629,100 
 170,700     Healthcare Realty Trust, Inc   5,511,903 
 50,765     Hersha Hospitality Trust   940,675 
 51,752     HFF, Inc (Class A)   2,143,568 
 120,632     Independence Realty Trust, Inc   1,260,604 
 90,214     Industrial Logistics Properties Trust   1,938,699 
 12,376     Innovative Industrial Properties, Inc   766,322 
 16,951     Investors Real Estate Trust   997,905 
 91,304     iStar Financial, Inc   875,605 
 27,773     Jernigan Capital, Inc   602,119 
 173,449     Kennedy-Wilson Holdings, Inc   3,467,245 
 110,562     Kite Realty Group Trust   1,838,646 
 288,593     Lexington Realty Trust   2,773,379 
 54,992     LTC Properties, Inc   2,608,820 
 123,459     Mack-Cali Realty Corp   2,543,255 
 27,939  *  Marcus & Millichap, Inc   1,106,384 
 7,422  *  Maui Land & Pineapple Co, Inc   88,619 
 48,934     MedEquities Realty Trust, Inc   566,166 
 122,847     Monmouth Real Estate Investment Corp (Class A)   1,687,918 
 56,710     National Health Investors, Inc   4,721,675 
 77,226     National Storage Affiliates Trust   2,247,277 
 114,961     New Senior Investment Group, Inc   623,089 
 205,481     Newmark Group, Inc   2,147,276 
 26,121     NexPoint Residential Trust, Inc   977,187 
 63,693     NorthStar Realty Europe Corp   1,069,405 
 64,907     Office Properties Income Trust   2,078,971 
 20,796     One Liberty Properties, Inc   565,651 
 186,066     Pebblebrook Hotel Trust   5,963,415 
 89,374     Pennsylvania REIT   658,686 
 251,090     Physicians Realty Trust   4,547,240 
 173,773     Piedmont Office Realty Trust, Inc   3,364,245 
 89,009     Potlatch Corp   3,282,652 
270

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 57,034     Preferred Apartment Communities, Inc  $906,841 
 27,774     PS Business Parks, Inc   4,032,507 
 69,959     QTS Realty Trust, Inc   2,945,973 
 26,019     Re/Max Holdings, Inc   1,085,513 
 107,367  *,e  Redfin Corp   1,920,796 
 148,663     Retail Opportunities Investment Corp   2,612,009 
 126,995     Rexford Industrial Realty, Inc   4,267,032 
 234,850     RLJ Lodging Trust   4,356,467 
 10,401     RMR Group, Inc   686,570 
 105,521     RPT Realty   1,381,270 
 60,473     Ryman Hospitality Properties   4,859,006 
 239,562     Sabra Healthcare REIT, Inc   4,920,603 
 9,855     Safety Income and Growth, Inc   173,842 
 16,326     Saul Centers, Inc   864,625 
 43,093     Seritage Growth Properties   1,732,770 
 61,234     Spirit MTA REIT   478,850 
 50,737  *  St. Joe Co   789,468 
 134,152     STAG Industrial, Inc   3,698,571 
 6,939     Stratus Properties, Inc   164,454 
 145,234     Summit Hotel Properties, Inc   1,622,264 
 313,024     Sunstone Hotel Investors, Inc   4,476,243 
 123,337     Tanger Factory Outlet Centers, Inc   2,805,917 
 29,126  *  Tejon Ranch Co   548,151 
 80,468     Terreno Realty Corp   3,246,079 
 73,445     Tier REIT, Inc   1,725,957 
 1,971  *  Transcontinental Realty Investors, Inc   66,127 
 21,521  *  Trinity Place Holdings, Inc   89,312 
 50,986     UMH Properties, Inc   715,334 
 18,420     Universal Health Realty Income Trust   1,284,242 
 148,775     Urban Edge Properties   3,037,985 
 42,845     Urstadt Biddle Properties, Inc (Class A)   917,740 
 253,441     Washington Prime Group, Inc   1,439,545 
 110,568     Washington REIT   2,802,899 
 56,716  *  Whitestone REIT   804,233 
 153,808     Xenia Hotels & Resorts, Inc   2,886,976 
       TOTAL REAL ESTATE   204,034,420 
              
RETAILING - 4.5%
 42,260  *  1-800-FLOWERS.COM, Inc (Class A)   674,047 
 94,791     Aaron’s, Inc   4,745,237 
 89,448     Abercrombie & Fitch Co (Class A)   1,938,338 
 218,116     American Eagle Outfitters, Inc   4,606,610 
 8,579  *  America’s Car-Mart, Inc   600,187 
 25,958  *  Asbury Automotive Group, Inc   1,833,933 
 253,800  *  Ascena Retail Group, Inc   621,810 
 60,885  *  At Home Group, Inc   1,341,905 
 59,875  *  Barnes & Noble Education, Inc   342,485 
 83,633     Barnes & Noble, Inc   504,307 
 181,407     Bed Bath & Beyond, Inc   2,737,432 
 23,495  e  Big 5 Sporting Goods Corp   80,823 
 53,469     Big Lots, Inc   1,686,412 
 98,976  *  BJ’s Wholesale Club Holdings, Inc   2,604,059 
 40,196  *  Boot Barn Holdings, Inc   941,792 
271

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 41,080  e  Buckle, Inc  $713,560 
 58,515     Caleres, Inc   1,746,088 
 46,088  e  Camping World Holdings, Inc   653,528 
 43,396  *,e  Carvana Co   1,612,161 
 34,827     Cato Corp (Class A)   517,181 
 172,703     Chico’s FAS, Inc   1,001,677 
 21,388     Children’s Place Retail Stores, Inc   2,069,503 
 19,470     Citi Trends, Inc   398,940 
 26,753  *  Conn’s, Inc   560,208 
 25,906  *  Container Store Group, Inc   185,487 
 63,065     Core-Mark Holding Co, Inc   1,758,252 
 15,460  e  Dillard’s, Inc (Class A)   1,032,573 
 92,903     DSW, Inc (Class A)   2,531,607 
 11,119  *,e  Duluth Holdings, Inc   265,522 
 163,195  *  Etsy, Inc   8,918,607 
 98,715  *  Express Parent LLC   523,190 
 74,569  *  Five Below, Inc   9,226,422 
 13,528  *,e  Funko, Inc   234,711 
 13,734  *,e  Gaia, Inc   161,512 
 137,982  e  GameStop Corp (Class A)   1,564,716 
 27,138  *  Genesco, Inc   1,226,095 
 124,364  *,e  GNC Holdings, Inc   379,310 
 25,989     Group 1 Automotive, Inc   1,586,109 
 600,843  *  Groupon, Inc   2,265,178 
 77,446     Guess?, Inc   1,510,971 
 26,025     Haverty Furniture Cos, Inc   530,129 
 25,080  *  Hibbett Sports, Inc   409,807 
 54,227  *  Hudson Ltd   698,444 
 28,393  *  J. Jill, Inc   168,938 
 465,443  *,e  JC Penney Co, Inc   614,385 
 23,099  *  Kirkland’s, Inc   236,072 
 15,574  *  Lands’ End, Inc   278,775 
 19,936  *  Leaf Group Ltd   153,108 
 73,886  *  Liberty Expedia Holdings, Inc   3,028,587 
 30,035  *  Liquidity Services, Inc   251,393 
 30,449     Lithia Motors, Inc (Class A)   2,708,439 
 42,818  *  Lumber Liquidators, Inc   514,672 
 31,071  *  MarineMax, Inc   552,442 
 43,115     Monro Muffler, Inc   3,089,621 
 40,799  *  Murphy USA, Inc   3,000,766 
 85,629  *  National Vision Holdings, Inc   2,719,577 
 41,264     Nutri/System, Inc   1,791,270 
 755,223     Office Depot, Inc   2,227,908 
 66,960  *  Ollie’s Bargain Outlet Holdings, Inc   5,234,263 
 32,665  *,e  Overstock.com, Inc   566,738 
 79,734  *,e  Party City Holdco, Inc   880,263 
 27,277  e  PetMed Express, Inc   645,919 
 108,970  *  Quotient Technology, Inc   1,089,700 
 59,832  *  Rent-A-Center, Inc   1,047,060 
 27,225  *,e  RH   3,699,061 
 55,783  *  RTW RetailWinds, Inc   172,927 
 164,026  *  Sally Beauty Holdings, Inc   2,824,528 
272

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 15,430  e  Shoe Carnival, Inc  $569,058 
 45,509  *  Shutterfly, Inc   2,091,594 
 26,617     Shutterstock, Inc   1,064,946 
 69,452     Signet Jewelers Ltd   1,691,851 
 43,665  *  Sleep Number Corp   1,571,940 
 33,050     Sonic Automotive, Inc (Class A)   505,665 
 58,150  *  Sportsman’s Warehouse Holdings, Inc   298,891 
 24,096  *  Stamps.com, Inc   4,483,784 
 64,686     Tailored Brands, Inc   816,984 
 65,158     Tile Shop Holdings, Inc   494,549 
 27,451     Tilly’s, Inc   332,432 
 7,194     Weyco Group, Inc   193,303 
 3,338     Winmark Corp   514,553 
 28,034  *  Zumiez, Inc   712,344 
       TOTAL RETAILING   122,379,171 
              
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.7%
 37,641  *  Acacia Communications, Inc   1,637,760 
 9,896  *,e  ACM Research, Inc   92,132 
 38,423  *,e  Adesto Technologies Corp   189,425 
 50,338  *  Advanced Energy Industries, Inc   2,581,836 
 22,516  *  Alpha & Omega Semiconductor Ltd   268,166 
 43,221  *,e  Ambarella, Inc   1,642,398 
 140,166  *  Amkor Technology, Inc   1,121,328 
 32,929  *  Aquantia Corp   290,104 
 43,691  *  Axcelis Technologies, Inc   910,083 
 54,840  *  AXT, Inc   225,392 
 94,784     Brooks Automation, Inc   2,950,626 
 38,531     Cabot Microelectronics Corp   3,925,924 
 31,819  *  Ceva, Inc   904,932 
 16  *,†  China Energy Savings Technology, Inc   0 
 81,105  *  Cirrus Logic, Inc   3,013,051 
 53,485     Cohu, Inc   938,127 
 137,429  *  Cree, Inc   6,930,545 
 54,487  *  Diodes, Inc   1,832,398 
 193,088     Entegris, Inc   6,381,558 
 99,513  *  Formfactor, Inc   1,494,685 
 30,165  *,e  Ichor Holdings Ltd   620,494 
 25,358  *,e  Impinj, Inc   388,485 
 58,966  *  Inphi Corp   2,325,619 
 177,263  *  Integrated Device Technology, Inc   8,659,298 
 71,986  *,e  Kopin Corp   99,341 
 165,468  *  Lattice Semiconductor Corp   1,290,650 
 63,502  *  MA-COM Technology Solutions   1,144,941 
 87,076  *  MaxLinear, Inc   1,708,431 
 31,230  *  Nanometrics, Inc   955,326 
 50,866  *  NeoPhotonics Corp Ltd   367,252 
 7,226     NVE Corp   688,566 
 40,347  *  PDF Solutions, Inc   424,047 
 95,227  *  Photronics, Inc   1,017,977 
 39,143     Power Integrations, Inc   2,583,438 
 141,965  *  Rambus, Inc   1,280,524 
 45,034  *  Rudolph Technologies, Inc   978,138 
273

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 87,784  *  Semtech Corp  $4,262,791 
 57,712  *  Silicon Laboratories, Inc   4,414,968 
 15,170  *  SMART Global Holdings, Inc   376,368 
 80,617  *,e  SunPower Corp   468,385 
 55,292  *  Ultra Clean Holdings   655,763 
 67,828  *  Veeco Instruments, Inc   665,393 
 66,477     Xperi Corp   1,424,602 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   74,131,267 
              
SOFTWARE & SERVICES - 7.5%
 129,467  *  8x8, Inc   2,279,914 
 70,553  *  A10 Networks, Inc   479,055 
 157,338  *  ACI Worldwide, Inc   4,650,911 
 42,785  *  Alarm.com Holdings, Inc   2,692,460 
 33,362  *  Altair Engineering, Inc   1,080,261 
 39,309  *,e  Alteryx, Inc   2,796,835 
 32,777  *  Amber Road, Inc   285,488 
 31,219  *  American Software, Inc (Class A)   345,282 
 24,096  *  Anaplan, Inc   756,373 
 21,633  *  Appfolio, Inc   1,369,585 
 19,623  *,e  Asure Software, Inc   104,198 
 13,098  *,e  Avalara, Inc   522,217 
 145,571  *  Avaya Holdings Corp   2,461,606 
 30,563  *  Benefitfocus, Inc   1,710,000 
 65,802     Blackbaud, Inc   4,711,423 
 50,182  *  Blackline, Inc   2,387,659 
 56,513  *  Bottomline Technologies, Inc   2,918,896 
 167,866  *  Box, Inc   3,511,757 
 47,989  *  Brightcove, Inc   384,872 
 33,542  *  CACI International, Inc (Class A)   5,607,552 
 51,442  *,e  Carbon Black, Inc   796,837 
 45,012  *  Carbonite, Inc   1,289,144 
 54,217  *  Cardtronics plc   1,467,654 
 19,788     Cass Information Systems, Inc   971,393 
 35,495  *  ChannelAdvisor Corp   381,571 
 89,633  *  Cision Ltd   1,111,449 
 272,854  *  Cloudera, Inc   3,683,529 
 55,312  *  Commvault Systems, Inc   3,654,464 
 74,575  *  Cornerstone OnDemand, Inc   4,276,130 
 74,271  *  Coupa Software, Inc   6,458,606 
 47,163     CSG Systems International, Inc   1,706,829 
 13,678  *,e  Digimarc Corp   266,584 
 10,356  *  Domo, Inc   279,612 
 32,873  e  Ebix, Inc   1,877,706 
 27,460  *  eGain Corp   196,614 
 47,143  *  Ellie Mae, Inc   3,573,439 
 95,684  *  Endurance International Group Holdings, Inc   775,040 
 61,359  *  Envestnet, Inc   3,328,726 
 35,493  *  Everbridge, Inc   2,195,597 
 85,380  *  Everi Holdings, Inc   567,777 
 83,889     EVERTEC, Inc   2,321,209 
 32,063  *  Evo Payments, Inc   806,384 
274

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 57,838  *  Exela Technologies, Inc  $227,882 
 46,174  *  ExlService Holdings, Inc   2,655,005 
 77,390  *  Five9, Inc   3,956,951 
 40,234  *  ForeScout Technologies, Inc   1,227,137 
 57,337  *,e  GTT Communications, Inc   1,467,827 
 36,521     Hackett Group, Inc   657,013 
 50,519  *  HubSpot, Inc   7,997,663 
 10,332  *  I3 Verticals, Inc   255,510 
 40,842  *  Information Services Group, Inc   168,677 
 42,473  *  Instructure, Inc   1,678,958 
 43,778  *,e  Internap Corp   236,839 
 63,095     j2 Global, Inc   4,742,220 
 149,700  *  Limelight Networks, Inc   467,064 
 82,785  *  Liveperson, Inc   1,942,964 
 107,430  *  LiveRamp Holdings, Inc   4,666,759 
 6,072  *  Majesco   51,612 
 36,897     Mantech International Corp (Class A)   2,079,884 
 87,286     MAXIMUS, Inc   6,121,367 
 12,781  *  MicroStrategy, Inc (Class A)   1,621,781 
 59,157  *  MINDBODY, Inc   2,156,864 
 46,238  *  Mitek Systems, Inc   510,005 
 113,887  *  MobileIron, Inc   552,352 
 38,200  *  Model N, Inc   554,282 
 50,176  *  MoneyGram International, Inc   106,875 
 56,878     Monotype Imaging Holdings, Inc   944,175 
 61,427  *  New Relic, Inc   6,244,054 
 92,545     NIC, Inc   1,517,738 
 43,235  *  OneSpan, Inc   630,799 
 15,163  *  Park City Group, Inc   131,312 
 39,064  *  Paylocity Holding Corp   2,774,716 
 46,460  *  Perficient, Inc   1,185,195 
 198,073     Perspecta, Inc   3,971,364 
 18,545  *  PFSweb, Inc   112,939 
 54,416     Presidio, Inc   866,847 
 25,179  *  PRGX Global, Inc   230,640 
 61,663     Progress Software Corp   2,234,050 
 43,955  *  PROS Holdings, Inc   1,520,843 
 51,081  *  Q2 Holdings, Inc   3,035,744 
 14,190     QAD, Inc (Class A)   598,250 
 46,485  *  Qualys, Inc   4,022,347 
 49,076  *  Rapid7, Inc   1,971,874 
 11,929  *,e  Rimini Street, Inc   63,224 
 93,394  *  SailPoint Technologies Holding, Inc   2,666,399 
 68,947     Science Applications International Corp   4,629,102 
 13,818  *,e  SecureWorks Corp   316,708 
 89,088  *  ServiceSource International LLC   106,906 
 10,429  *,e  ShotSpotter, Inc   502,261 
 23,440  *  SPS Commerce, Inc   2,078,190 
 23,685  *,e  SVMK, Inc   308,142 
 55,258  *  Sykes Enterprises, Inc   1,523,463 
 53,558  *  Telaria, Inc   170,850 
 37,092  *  TeleNav, Inc   164,318 
 19,108  *  Tenable Holdings, Inc   528,909 
275

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 165,675     TiVo Corp  $1,843,963 
 45,454  *  Trade Desk, Inc   6,485,377 
 167,669     Travelport Worldwide Ltd   2,625,696 
 21,333     TTEC Holdings, Inc   713,162 
 13,009  *,e  Tucows, Inc   957,723 
 72,367  *,e  Unisys Corp   946,560 
 21,752  *  Upland Software, Inc   679,532 
 37,332  *  Varonis Systems, Inc   2,205,575 
 88,337  *  Verint Systems, Inc   4,272,861 
 8,721  *,e  Veritone, Inc   46,483 
 84,850  *,e  VirnetX Holding Corp   432,735 
 39,265  *  Virtusa Corp   1,905,138 
 39,971  *  Workiva, Inc   1,674,785 
 113,296  *  Yext, Inc   1,766,285 
 63,373  *  Zix Corp   451,216 
 83,042  *  Zscaler, Inc   4,016,741 
       TOTAL SOFTWARE & SERVICES   205,221,320 
              
TECHNOLOGY HARDWARE & EQUIPMENT - 4.5%
 149,167  *  3D Systems Corp   1,903,371 
 66,159     Adtran, Inc   964,598 
 57,058  *  Aerohive Networks, Inc   217,962 
 17,472  *  Agilysys, Inc   309,254 
 40,898  *  Anixter International, Inc   2,482,918 
 29,029  *,e  Applied Optoelectronics, Inc   504,524 
 108,604  *  Arlo Technologies, Inc   780,863 
 39,275  *  Avid Technology, Inc   186,949 
 65,174     AVX Corp   1,156,838 
 39,173     Badger Meter, Inc   2,067,943 
 11,452     Bel Fuse, Inc (Class B)   264,312 
 53,472     Belden CDT, Inc   2,866,634 
 62,036     Benchmark Electronics, Inc   1,576,955 
 48,216  *  CalAmp Corp   694,793 
 61,252  *  Calix, Inc   666,422 
 39,015  *  Casa Systems, Inc   454,135 
 195,607  *  Ciena Corp   7,450,671 
 13,438  *  Clearfield, Inc   158,165 
 31,510     Comtech Telecommunications Corp   786,805 
 34,668  *  Control4 Corp   688,853 
 55,902  *  Cray, Inc   1,226,490 
 44,963     CTS Corp   1,275,600 
 42,437     Daktronics, Inc   319,551 
 7,169  *  DASAN Zhone Solutions, Inc   95,778 
 120,874     Diebold, Inc   513,714 
 31,119  *  Digi International, Inc   369,071 
 45,744  *,e  Eastman Kodak Co   133,115 
 43,549  *  Electro Scientific Industries, Inc   1,306,470 
 58,870  *  Electronics for Imaging, Inc   1,554,757 
 18,096  *  ePlus, Inc   1,433,565 
 162,217  *  Extreme Networks, Inc   1,226,360 
 48,503  *  Fabrinet   2,756,910 
 24,084  *  FARO Technologies, Inc   1,024,052 
276

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 160,069  *  Finisar Corp  $3,646,372 
 292,287  *  Fitbit, Inc   1,803,411 
 126,603  *  Harmonic, Inc   669,730 
 85,739  *  II-VI, Inc   3,254,652 
 39,997  *  Immersion Corp   379,571 
 209,119  *  Infinera Corp   920,124 
 48,721  *  Insight Enterprises, Inc   2,237,268 
 46,243     InterDigital, Inc   3,366,953 
 27,499  *  Iteris, Inc   105,871 
 46,020  *  Itron, Inc   2,514,073 
 75,827     Kemet Corp   1,343,654 
 31,224  *  Kimball Electronics, Inc   504,892 
 116,520  *  Knowles Corp   1,817,712 
 19,212  *  KVH Industries, Inc   214,790 
 101,241  *  Lumentum Holdings, Inc   4,951,697 
 42,187  *,e  Maxwell Technologies, Inc   125,717 
 4,822     Mesa Laboratories, Inc   1,092,328 
 48,296     Methode Electronics, Inc   1,243,622 
 24,275     MTS Systems Corp   1,215,206 
 13,881  *  Napco Security Technologies, Inc   218,070 
 41,816  *  Netgear, Inc   1,656,332 
 103,324  *  Netscout Systems, Inc   2,679,191 
 30,391  *  nLight, Inc   594,144 
 44,592  *  Novanta, Inc   3,107,171 
 23,452  *  OSI Systems, Inc   2,103,410 
 17,408  *  PAR Technology Corp   433,981 
 29,390     Park Electrochemical Corp   669,504 
 16,097     PC Connection, Inc   533,294 
 45,110     Plantronics, Inc   1,749,817 
 41,756  *  Plexus Corp   2,343,347 
 51,810  *  Quantenna Communications, Inc   774,041 
 64,315  *  Ribbon Communications, Inc   358,878 
 25,027  *  Rogers Corp   3,176,177 
 93,623  *  Sanmina Corp   2,922,910 
 34,282  *  Scansource, Inc   1,313,343 
 69,356  *  Stratasys Ltd   1,770,659 
 48,024  *  Synaptics, Inc   1,911,355 
 56,677     SYNNEX Corp   5,484,066 
 52,147  *  Tech Data Corp   4,986,818 
 121,794  *  TTM Technologies, Inc   1,398,195 
 79,615  *  USA Technologies, Inc   470,525 
 74,469  *,e  Viasat, Inc   4,668,462 
 310,169  *  Viavi Solutions, Inc   3,449,079 
 180,008     Vishay Intertechnology, Inc   3,510,156 
 14,118  *  Vishay Precision Group, Inc   471,965 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   123,580,931 
              
TELECOMMUNICATION SERVICES - 0.8%
 14,721     ATN International, Inc   1,097,892 
 55,097  *  Boingo Wireless, Inc   1,328,940 
 63,601  *  Cincinnati Bell, Inc   530,432 
 57,312     Cogent Communications Group, Inc   2,776,767 
 92,941  e  Consolidated Communications Holdings, Inc   992,610 
277

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
 163,549  *,e  Frontier Communications Corp  $327,098 
 83,795  *,e  Gogo, Inc   346,073 
 77,755  *  Intelsat S.A.   1,891,779 
 129,595  *  Iridium Communications, Inc   2,511,551 
 122,086  *,e  NII Holdings, Inc   592,117 
 25,028  *  Ooma, Inc   378,173 
 100,833  *  Orbcomm, Inc   820,781 
 12,900  *  pdvWireless, Inc   520,386 
 64,305     Shenandoah Telecom Co   3,062,847 
 24,468     Spok Holdings, Inc   338,637 
 302,984  *  Vonage Holdings Corp   2,760,184 
 58,076  *,e  Windstream Holdings, Inc   174,809 
       TOTAL TELECOMMUNICATION SERVICES   20,451,076 
              
TRANSPORTATION - 1.5%
 78,531  *  Air Transport Services Group, Inc   1,865,111 
 17,557     Allegiant Travel Co   2,282,410 
 36,098     Arkansas Best Corp   1,358,007 
 31,431  *  Atlas Air Worldwide Holdings, Inc   1,672,758 
 91,371  *  Avis Budget Group, Inc   2,434,123 
 69,664     Costamare, Inc   353,893 
 20,146  *  Covenant Transportation Group, Inc   475,043 
 64,143  *  Daseke, Inc   267,476 
 73,053  *  Eagle Bulk Shipping, Inc   300,248 
 40,217  *  Echo Global Logistics, Inc   955,556 
 40,963     Forward Air Corp   2,397,564 
 13,752  *  Genco Shipping & Trading Ltd   101,352 
 66,990     Hawaiian Holdings, Inc   2,145,020 
 66,811     Heartland Express, Inc   1,336,888 
 74,274  *,e  Hertz Global Holdings, Inc   1,232,206 
 44,593  *  Hub Group, Inc (Class A)   1,984,834 
 53,591     Marten Transport Ltd   1,036,986 
 57,726     Matson, Inc   1,934,398 
 17,838  *  Mesa Air Group, Inc   156,083 
 2,702  *  PAM Transportation Services, Inc   132,803 
 10,288     Park-Ohio Holdings Corp   334,154 
 58,270  *  Radiant Logistics, Inc   287,854 
 76,800  *  Safe Bulkers, Inc   119,040 
 34,633  *  Saia, Inc   2,076,941 
 87,732     Scorpio Bulkers, Inc   396,549 
 69,383     Skywest, Inc   3,535,064 
 93,812  *  Spirit Airlines, Inc   5,518,022 
 12,236     Universal Truckload Services, Inc   249,370 
 27,003  *  US Xpress Enterprises, Inc   199,282 
 9,659  *  USA Truck, Inc   172,510 
 63,378     Werner Enterprises, Inc   2,086,404 
 45,392  *  YRC Worldwide, Inc   283,246 
       TOTAL TRANSPORTATION   39,681,195 
278

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY  VALUE 
           
UTILITIES - 3.6%
 70,588     Allete, Inc  $5,431,041 
 49,758     American States Water Co   3,369,612 
 18,418  *  AquaVenture Holdings Ltd   387,330 
 9,200     Artesian Resources Corp   325,588 
 170,342  *,e  Atlantic Power Corp   427,558 
 90,195     Avista Corp   3,774,661 
 72,087     Black Hills Corp   4,893,986 
 30,223  *,e  Cadiz, Inc   311,297 
 65,114     California Water Service Group   3,224,445 
 21,469     Chesapeake Utilities Corp   1,944,447 
 49,250     Clearway Energy, Inc (Class A)   723,975 
 98,474     Clearway Energy, Inc (Class C)   1,485,973 
 16,712     Connecticut Water Service, Inc   1,133,742 
 16,592     Consolidated Water Co, Inc   216,526 
 54,918     El Paso Electric Co   2,884,293 
 11,990     Global Water Resources, Inc   115,464 
 69,055     Idacorp, Inc   6,732,863 
 48,174     MGE Energy, Inc   3,098,070 
 22,101     Middlesex Water Co   1,242,076 
 119,235     New Jersey Resources Corp   5,782,898 
 39,518     Northwest Natural Holding Co   2,473,827 
 69,581     NorthWestern Corp   4,446,922 
 71,562     ONE Gas, Inc   5,878,818 
 55,234     Ormat Technologies, Inc   3,187,554 
 54,362     Otter Tail Corp   2,633,839 
 107,079     Pattern Energy Group, Inc   2,278,641 
 108,923     PNM Resources, Inc   4,639,031 
 122,342     Portland General Electric Co   5,911,565 
 19,960  *  Pure Cycle Corp   202,993 
 7,883  e  RGC Resources, Inc   221,749 
 23,445     SJW Corp   1,405,528 
 117,100     South Jersey Industries, Inc   3,487,238 
 66,960     Southwest Gas Corp   5,244,307 
 13,545  e  Spark Energy, Inc   112,423 
 67,571     Spire, Inc   5,363,110 
 103,491     TerraForm Power, Inc   1,229,473 
 21,181     Unitil Corp   1,111,155 
 17,263     York Water Co   567,953 
       TOTAL UTILITIES   97,901,971 
             
       TOTAL COMMON STOCKS   2,733,049,384 
       (Cost $2,259,655,927)     
             
RIGHTS / WARRANTS - 0.0%
COMMERCIAL & PROFESSIONAL SERVICES - 0.0%
 122,474    Media General, Inc   0 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   0 
             
DIVERSIFIED FINANCIALS - 0.0%
 1,297     Emergent Capital Inc   0 
       TOTAL DIVERSIFIED FINANCIALS   0 
279

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

 

SHARES     COMPANY          VALUE 
                     
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
 8,325    Forest Laboratories, Inc CVR          $7,909 
 5,149    Omthera Pharmaceuticals, Inc           3,089 
 9,351     Tobira Therapeutics, Inc           561 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES     11,559  
                     
       TOTAL RIGHTS / WARRANTS              11,559  
       (Cost $561)             
                     
PRINCIPAL     ISSUER RATE  MATURITY
DATE
      
                      
SHORT-TERM INVESTMENTS - 6.2%
 
TREASURY DEBT - 0.1%
$1,600,000     United States Treasury Bill   2.322%  02/12/19   1,598,866 
       TOTAL TREASURY DEBT              1,598,866  
                         
SHARES      COMPANY              
                      
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 6.1%
 167,814,438  c  State Street Navigator Securities Lending Government Money Market Portfolio   167,814,438 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES       167,814,438  
                     
       TOTAL SHORT-TERM INVESTMENTS           169,413,304 
       (Cost $169,413,304)             
       TOTAL INVESTMENTS - 106.1%              2,902,474,247  
       (Cost $2,429,069,792)             
       OTHER ASSETS & LIABILITIES, NET - (6.1)%              (165,703,254 )
       NET ASSETS - 100.0%          $2,736,770,993 

 

       
    Abbreviation(s):  
    CVR    Contingent Value Right
    REIT   Real Estate Investment Trust
     
*   Non-income producing
  Security is categorized as Level 3 in the fair value hierarchy.
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 $162,935,028.

280

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

 

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES     COMPANY  VALUE 
             
COMMON STOCKS - 99.9%     
             
AUSTRALIA - 0.0%     
 1,516,000  *  MMG Ltd  $558,874 
       TOTAL AUSTRALIA   558,874 
             
BRAZIL - 7.9%     
 2,434,251     AMBEV S.A.   11,695,232 
 194,400     Atacadao Distribuicao Comercio e Industria Ltd   1,065,490 
 87,900  *  B2W Companhia Global Do Varejo   1,206,782 
 1,066,574     B3 S.A.-Brasil Bolsa Balcao   9,210,915 
 528,193     Banco Bradesco S.A.   5,834,753 
 1,725,288     Banco Bradesco S.A. (Preference)   21,423,633 
 449,286     Banco do Brasil S.A.   6,393,310 
 2,483,668  *  Banco Itau Holding Financeira S.A.   26,421,215 
 215,139     Banco Santander Brasil S.A.   2,837,557 
 329,900     BB Seguridade Participacoes S.A.   2,809,977 
 400,537     BR Malls Participacoes S.A.   1,598,274 
 90,715     Braskem S.A.   1,300,488 
 258,556  *  BRF S.A.   1,669,420 
 112,200  *  Centrais Eletricas Brasileiras S.A.   1,152,171 
 129,692  *  Centrais Eletricas Brasileiras S.A. (Preference)   1,450,214 
 84,257     Cia Brasileira de Distribuicao Grupo Pao de Acucar   2,249,661 
 617,556     Cia de Concessoes Rodoviarias   2,520,836 
 189,700     Cia de Saneamento Basico do Estado de Sao Paulo   2,260,098 
 483,491     Cia Energetica de Minas Gerais   1,839,166 
 343,430  *  Cia Siderurgica Nacional S.A.   961,249 
 605,038     Cielo S.A.   1,981,490 
 124,736     Cosan SA Industria e Comercio   1,519,160 
 338,179     Empresa Brasileira de Aeronautica S.A.   1,793,541 
 103,875     Engie Brasil Energia S.A.   1,192,986 
 86,200     Equatorial Energia S.A.   2,084,104 
 537,675     Gerdau S.A. (Preference)   2,309,044 
 163,482     Hypermarcas S.A.   1,427,998 
 2,292,927     Investimentos Itau S.A. - PR   8,493,081 
 54,181     IRB Brasil Resseguros S   1,266,580 
 467,964     JBS S.A.   1,937,498 
 335,620     Klabin S.A.   1,710,539 
 680,396     Kroton Educacional S.A.   2,133,737 
 254,435     Localiza Rent A Car   2,326,158 
 364,785     Lojas Americanas S.A.(Preference)   2,109,791 
 366,795     Lojas Renner S.A.   4,583,231 
 47,800     M Dias Branco S.A.   623,974 
 40,380     Magazine Luiza S.A.   1,985,108 
 116,907     Multiplan Empreendimentos Imobiliarios S.A.   834,688 
 94,992     Natura Cosmeticos S.A.   1,235,379 
 166,281     Petrobras Distribuidora S.A.   1,215,062 
281

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 1,535,560     Petroleo Brasileiro S.A.  $12,456,572 
 2,019,446     Petroleo Brasileiro S.A. (Preference)   14,186,530 
 50,712     Porto Seguro S.A.   779,795 
 111,900     Raia Drogasil S.A.   1,903,822 
 537,400  *  Rumo S.A.   2,897,327 
 96,636     Sul America SA   850,810 
 285,384     Suzano Papel e Celulose S.A.   3,597,706 
 227,621     Telefonica Brasil S.A.   3,039,404 
 397,366     Tim Participacoes S.A.   1,351,545 
 202,880     Ultrapar Participacoes S.A.   3,183,962 
 1,625,684     Vale S.A.   20,302,411 
 427,552  *  Weg S.A.   2,209,217 
       TOTAL BRAZIL   215,422,691 
              
CHILE - 1.1%      
 1,207,642     Aguas Andinas S.A.   713,757 
 11,732,626     Banco de Chile   1,861,333 
 20,691     Banco de Credito e Inversiones   1,474,715 
 30,839,552     Banco Santander Chile S.A.   2,487,667 
 745,219     Centros Comerciales Sudamericanos S.A.   1,505,665 
 77,095     Cia Cervecerias Unidas S.A.   1,048,036 
 4,042,610     Colbun S.A.   917,879 
 69,948,097     Corpbanca S.A.   702,894 
 155,914     Embotelladora Andina S.A.   603,754 
 72,288     Empresa Nacional de Telecomunicaciones S.A.   696,392 
 648,054     Empresas CMPC S.A.   2,342,007 
 232,656     Empresas COPEC S.A.   3,195,279 
 14,717,920     Enersis Chile S.A.   1,550,790 
 15,351,321     Enersis S.A.   3,134,257 
 152,901     Lan Airlines S.A.   1,823,564 
 375,676     SACI Falabella   3,017,942 
 64,192     Sociedad Quimica y Minera de Chile S.A. (Class B)   2,736,358 
       TOTAL CHILE   29,812,289 
              
CHINA - 29.3%      
 707,000  g  3SBio, Inc   1,184,362 
 13,200  *  51job, Inc (ADR)   919,248 
 47,487  *  58.COM, Inc (ADR)   3,010,676 
 380,000     AAC Technologies Holdings, Inc   2,385,015 
 10,700     AECC Aviation Power Co Ltd   35,238 
 816,000     Agile Property Holdings Ltd   1,084,396 
 14,961,000     Agricultural Bank of China   7,083,318 
 682,000     Agricultural Bank of China Ltd   380,028 
 93,900     Air China Ltd   116,092 
 914,000     Air China Ltd   915,043 
 9,700     Aisino Corp   35,429 
 661,502  *  Alibaba Group Holding Ltd (ADR)   111,456,472 
 1,924,000  *  Alibaba Health Information Technology Ltd   1,772,776 
 2,164,000  *  Aluminum Corp of China Ltd   799,044 
 720,000     Angang New Steel Co Ltd   541,617 
 49,900     Angang Steel Co Ltd   38,894 
 645,500     Anhui Conch Cement Co Ltd   3,520,127 
 37,600     Anhui Conch Cement Co Ltd (Class A)   183,182 
282

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
 564,000     Anta Sports Products Ltd  $2,917,549 
 71,280     Anxin Trust Co Ltd   42,744 
 30,600  *  Autohome, Inc (ADR)   2,214,828 
 13,500     AVIC Aircraft Co Ltd   28,089 
 32,058     Avic Capital Co Ltd   20,899 
 18,500  *  AVIC Shenyang Aircraft Co Ltd   81,633 
 1,244,000  e  AviChina Industry & Technology Co   829,935 
 874,000  g  BAIC Motor Corp Ltd   570,348 
 142,445  *  Baidu, Inc (ADR)   24,590,280 
 239,000     Bank of Beijing Co Ltd   213,684 
 478,700     Bank of China Ltd   263,566 
 40,788,000     Bank of China Ltd (Hong Kong)   18,964,041 
 289,600     Bank of Communications Co Ltd   271,130 
 4,513,500     Bank of Communications Co Ltd (Hong Kong)   3,836,730 
 109,000     Bank of Jiangsu Co Ltd   101,277 
 95,200     Bank of Nanjing Co Ltd   99,578 
 76,600     Bank of Ningbo Co Ltd   200,335 
 63,200     Bank of Shanghai Co Ltd   108,962 
 196,000     Baoshan Iron & Steel Co Ltd   206,296 
 20,052  *,e  Baozun, Inc (ADR)   717,862 
 1,164,000     BBMG Corp   399,313 
 928,000     Beijing Capital International Airport Co Ltd   870,469 
 47,000     Beijing Dabeinong Technology Group Co Ltd   22,051 
 279,000     Beijing Enterprises Holdings Ltd   1,586,041 
 3,106,000     Beijing Enterprises Water Group Ltd   1,798,512 
 20,300     Beijing Shiji Information Technology Co Ltd   84,781 
 13,609     Beijing Tongrentang Co Ltd   53,659 
 69,600     BOE Technology Group Co Ltd   26,767 
 1,490,000     Brilliance China Automotive Holdings Ltd   1,410,777 
 339,000  e  Byd Co Ltd   2,006,391 
 15,200     BYD Co Ltd   105,773 
 354,500     BYD Electronic International Co Ltd   439,238 
 416,000  *  CAR, Inc   346,663 
 6,280,000  g  CGN Power Co Ltd   1,643,394 
 42,600     Changjiang Securities Co Ltd   33,943 
 1,197,000     China Agri-Industries Holdings Ltd   426,172 
 4,828,000     China Cinda Asset Management Co Ltd   1,249,319 
 4,674,600     China Citic Bank   3,045,476 
 119,400     China CITIC Bank Corp Ltd   102,322 
 1,749,000     China Coal Energy Co   738,814 
 2,409,000     China Communications Construction Co Ltd (Hong Kong)   2,417,264 
 1,184,400     China Communications Services Corp Ltd   1,111,937 
 848,500     China Conch Venture Holdings Ltd   2,837,704 
 49,169,350     China Construction Bank   44,291,809 
 102,600     China Construction Bank Corp   108,775 
 1,523,000  *  China COSCO Holdings Co Ltd   617,746 
 98,200     China Eastern Airlines Corp Ltd   74,283 
 768,000     China Eastern Airlines Corp Ltd (H Shares)   473,004 
 410,900     China Everbright Bank Co Ltd   251,684 
 1,644,000     China Everbright Bank Co Ltd (Hong Kong)   793,613 
 1,763,888     China Everbright International Ltd   1,781,218 
 516,000     China Everbright Ltd   973,731 
 1,363,000  e  China Evergrande Group   4,299,115 
283

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 10,500     China Film Co Ltd  $23,524 
 23,000     China Fortune Land Development Co Ltd   94,050 
 1,983,500     China Galaxy Securities Co Ltd   1,029,356 
 29,700     China Gezhouba Group Co Ltd   27,432 
 49,200     China Grand Automotive Services Co Ltd   31,834 
 1,321,500     China Hongqiao Group Ltd   844,677 
 5,061,000  g  China Huarong Asset Management Co Ltd   1,030,515 
 2,230,000  *,†  China Huishan Dairy Holdings Co Ltd   2,842 
 863,824     China Insurance International Holdings Co Ltd   2,384,611 
 544,400  g  China International Capital Corp Ltd   1,091,518 
 22,300     China International Travel Service Corp Ltd   182,482 
 32,400     China Life Insurance Co Ltd   110,669 
 3,852,000     China Life Insurance Co Ltd (Class A)   9,565,349 
 106,200  *,e,g  China Literature Ltd   524,908 
 1,802,000     China Longyuan Power Group Corp   1,348,983 
 683,000     China Medical System Holdings Ltd   710,805 
 1,442,000     China Mengniu Dairy Co Ltd   4,466,395 
 2,019,500     China Merchants Bank Co Ltd   8,903,475 
 144,495     China Merchants Bank Co Ltd (Class A)   635,082 
 744,274     China Merchants Holdings International Co Ltd   1,475,850 
 41,300     China Merchants Shekou Industrial Zone Holdings Co Ltd   119,520 
 213,500     China Minsheng Banking Corp Ltd   190,145 
 3,590,760     China Minsheng Banking Corp Ltd (Hong Kong)   2,750,826 
 3,143,500     China Mobile Hong Kong Ltd   33,061,240 
 2,028,000     China Molybdenum Co Ltd   826,202 
 114,800     China Molybdenum Co Ltd (Class A)   66,328 
 1,964,000     China National Building Material Co Ltd   1,567,269 
 33,800     China National Chemical Engineering Co Ltd   27,407 
 103,100     China National Nuclear Power Co Ltd   83,076 
 1,106,000     China Oilfield Services Ltd   1,095,985 
 766,000     China Oriental Group Co Ltd   518,248 
 1,990,000     China Overseas Land & Investment Ltd   7,506,540 
 49,000     China Pacific Insurance Group Co Ltd   226,889 
 1,351,600     China Pacific Insurance Group Co Ltd (Hong Kong)   4,759,557 
 2,801,000     China Power International Development Ltd   722,791 
 1,121,500     China Railway Construction Corp   1,557,414 
 74,400     China Railway Construction Corp Ltd   112,421 
 2,116,000     China Railway Group Ltd   1,981,624 
 783,000  g  China Railway Signal & Communication Corp Ltd   621,367 
 3,557,000     China Reinsurance Group Corp   803,804 
 778,677     China Resources Beer Holdings Company Ltd   2,736,855 
 484,000     China Resources Gas Group Ltd   1,904,592 
 1,445,555     China Resources Land Ltd   5,640,215 
 905,000  g  China Resources Pharmaceutical Group Ltd   1,290,591 
 1,041,372     China Resources Power Holdings Co   2,087,255 
 19,700     China Resources Sanjiu Medical & Pharmaceutical Co Ltd   65,085 
 124,800     China Shenhua Energy Co Ltd   371,552 
 1,885,000     China Shenhua Energy Co Ltd (Hong Kong)   4,797,457 
 13,972     China Shipbuilding Industry Group Power Co Ltd   46,189 
 856,000     China Shipping Development Co Ltd   486,803 
 950,000     China Southern Airlines Co Ltd   680,769 
 81,100     China Southern Airlines Co Ltd (Class A)   87,116 
 310,020     China State Construction Engineering Corp Ltd   284,081 
284

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 1,060,000     China State Construction International Holdings Ltd  $1,010,578 
 7,616,000     China Telecom Corp Ltd   4,134,885 
 20,928,000  *,g  China Tower Corp Ltd   4,494,279 
 1,152,000     China Travel International Inv HK   333,616 
 3,230,000     China Unicom Ltd   3,699,893 
 208,400     China United Network Communications Ltd   165,837 
 672,800     China Vanke Co Ltd   2,728,266 
 93,900     China Vanke Co Ltd (Class A)   391,390 
 138,400     China Yangtze Power Co Ltd   340,080 
 1,011,600  e  China Zhongwang Holdings Ltd   508,680 
 1,341,000     Chongqing Rural Commercial Bank   778,983 
 1,754,000     CIFI Holdings Group Co Ltd   1,160,552 
 3,041,000     Citic Pacific Ltd   4,606,704 
 1,253,500     CITIC Securities Co Ltd   2,566,152 
 77,200     CITIC Securities Co Ltd (Class A)   211,600 
 9,180,000     CNOOC Ltd   15,343,631 
 940,646     COSCO Pacific Ltd   981,824 
 3,971,675     Country Garden Holdings Co Ltd   5,645,708 
 538,000  *  Country Garden Services Holdings Co Ltd   833,416 
 2,275,050     CRRC Corp Ltd   2,292,280 
 154,700     CRRC Corp Ltd (Class A)   197,770 
 2,462,000     CSPC Pharmaceutical Group Ltd   4,247,422 
 212,704  *  Ctrip.com International Ltd (ADR)   7,083,043 
 1,071,000  g  Dali Foods Group Co Ltd   730,624 
 165,500     Daqin Railway Co Ltd   211,612 
 2,090,000     Datang International Power Generation Co Ltd   545,453 
 17,000     DHC Software Co Ltd   16,446 
 8,900     Dong-E-E-Jiao Co Ltd   54,613 
 1,370,000     Dongfeng Motor Group Co Ltd   1,436,224 
 414,800     ENN Energy Holdings Ltd   3,972,811 
 44,100     Fangda Carbon New Material Co Ltd   121,005 
 1,106,000     Far East Horizon Ltd   1,141,637 
 120,940     Focus Media Information Technology Co Ltd   98,976 
 23,325     Foshan Haitian Flavouring & Food Co Ltd   252,436 
 1,388,952     Fosun International   2,084,074 
 126,200     Founder Securities Co Ltd   115,715 
 2,454,000     Franshion Properties China Ltd   1,245,693 
 896,000     Future Land Development Holdin   759,243 
 22,400     Future Land Holdings Co Ltd   98,764 
 29,200     Fuyao Glass Industry Group Co Ltd   101,690 
 264,000  g  Fuyao Glass Industry Group Co Ltd (Hong Kong)   920,726 
 32,900  *,e  GDS Holdings Ltd (ADR)   934,360 
 2,545,000     Geely Automobile Holdings Ltd   4,330,057 
 520,000  *,e  Genscript Biotech Corp   806,362 
 880,000     GF Securities Co Ltd   1,264,094 
 51,500     GF Securities Co Ltd (Class A)   97,942 
 6,762,668  *,e  GOME Electrical Appliances Holdings Ltd   588,638 
 1,636,500  e  Great Wall Motor Co Ltd   1,114,107 
 28,400  *  Gree Electric Appliances, Inc of Zhuhai   177,532 
 483,000     Greentown China Holdings Ltd   432,005 
 650,000     Greentown Service Group Co Ltd   594,873 
 1,546,000     Guangdong Investments Ltd   2,952,363 
 48,600     Guangshen Railway Co Ltd   25,456 
285

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 1,470,000     Guangzhou Automobile Group Co Ltd  $1,596,545 
 29,100     Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd   146,155 
 41,100     Guangzhou Haige Communications Group, Inc Co   47,025 
 564,400     Guangzhou R&F Properties Co Ltd   1,125,940 
 44,600     Guotai Junan Securities Co Ltd   112,033 
 336,400  g  Guotai Junan Securities Co Ltd (Hong Kong)   719,889 
 333,000     Haitian International Holdings Ltd   767,086 
 1,879,200     Haitong Securities Co Ltd   2,127,029 
 76,600     Hangzhou Hikvision Digital Technology Co Ltd   345,674 
 8,800     Han's Laser Technology Industry Group Co Ltd   41,845 
 71,100     Heilan Home Co Ltd   94,091 
 37,800     Henan Shuanghui Investment & Development Co Ltd   141,290 
 376,500     Hengan International Group Co Ltd   2,945,340 
 43,800     Hengli Petrochemical Co Ltd   84,043 
 9,776,000  *  HengTen Networks Group Ltd   317,696 
 19,180     Hengtong Optic-electric Co Ltd   49,945 
 88,900     Hesteel Co Ltd   40,829 
 249,000  g  Hua Hong Semiconductor Ltd   555,845 
 924,000     Huadian Power International Corp Ltd   430,202 
 167,000     Huadian Power International Corp Ltd (Class A)   106,288 
 13,500     Huadong Medicine Co Ltd   53,716 
 90,000     Huaneng Power International, Inc   86,273 
 2,466,000     Huaneng Power International, Inc (Hong Kong)   1,549,988 
 2,724,000     Huaneng Renewables Corp Ltd   785,520 
 937,400  g  Huatai Securities Co Ltd   1,754,981 
 44,700     Huatai Securities Co Ltd (Class A)   128,460 
 71,100     Huaxia Bank Co Ltd   80,559 
 45,000     Huayu Automotive Systems Co Ltd   136,297 
 68,800     Huazhu Group Ltd (ADR)   2,184,400 
 3,300     Hundsun Technologies, Inc   30,935 
 29,600  *,e  Hutchison China MediTech Ltd (ADR)   671,920 
 31,300     Iflytek Co Ltd   128,306 
 35,570,000     Industrial & Commercial Bank of China   27,633,042 
 362,100     Industrial & Commercial Bank of China Ltd   306,974 
 193,400     Industrial Bank Co Ltd   475,625 
 56,600     Inner Mongolia Yili Industrial Group Co Ltd   205,459 
 751,800     Inner Mongolia Yitai Coal Co   873,967 
 377,932  *  JD.com, Inc (ADR)   9,391,610 
 746,000     Jiangsu Express   1,080,027 
 34,000     Jiangsu Hengrui Medicine Co Ltd   301,421 
 13,100     Jiangsu Yanghe Brewery Joint-Stock Co Ltd   185,721 
 674,000     Jiangxi Copper Co Ltd   856,879 
 5,600     Jiangxi Ganfeng Lithium Co Ltd   16,335 
 505,194     Jiayuan International Group Ltd   243,663 
 23,362     Jointown Pharmaceutical Group Co Ltd   50,950 
 920,000     Kaisa Group Holdings Ltd   296,055 
 66,200     Kangmei Pharmaceutical Co Ltd   57,899 
 355,000     Kingboard Chemical Holdings Ltd   1,249,154 
 1,297,000     Kingdee International Software Group Co Ltd   1,253,566 
 424,000     Kingsoft Corp Ltd   812,241 
 9,400     Kweichow Moutai Co Ltd   970,905 
 633,929     KWG Property Holding Ltd   627,555 
 198,100  g  Legend Holdings Corp   518,217 
286

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 3,662,000     Lenovo Group Ltd  $2,673,446 
 28,800     Liaoning Cheng Da Co Ltd   42,749 
 762,000     Logan Property Holdings Co Ltd   1,037,042 
 786,000     Longfor Properties Co Ltd   2,449,214 
 39,910     Luxshare Precision Industry Co Ltd   98,331 
 587,500  g  Luye Pharma Group Ltd   438,976 
 6,900     Luzhou Laojiao Co Ltd   44,171 
 968,000     Maanshan Iron & Steel Co Ltd   464,618 
 96,024     Maanshan Iron & Steel Co Ltd (Class A)   52,001 
 64,140     Meinian Onehealth Healthcare Holdings Co Ltd   145,875 
 919,500  *,g  Meitu, Inc   314,584 
 1,533,000     Metallurgical Corp of China Ltd (Hong Kong)   420,424 
 47,200     Midea Group Co Ltd   307,566 
 77,400  *  Momo, Inc (ADR)   2,355,282 
 9,180     Muyuan Foodstuff Co Ltd   47,298 
 41,200     NARI Technology Co Ltd   118,039 
 40,083     Netease.com (ADR)   10,098,110 
 26,200     New China Life Insurance Co Ltd   165,616 
 439,500     New China Life insurance Co Ltd (Hong Kong)   1,871,250 
 48,800     New Hope Liuhe Co Ltd   57,977 
 72,344  *  New Oriental Education & Technology Group (ADR)   5,573,382 
 14,500  *  Noah Holdings Ltd (ADR)   681,500 
 393,800     Offshore Oil Engineering Co Ltd   308,150 
 13,500     O-film Tech Co Ltd   20,369 
 4,083,000     People's Insurance Co Group of China Ltd   1,696,277 
 5,500     Perfect World Co Ltd   20,924 
 3,639,582     PICC Property & Casualty Co Ltd   3,769,009 
 131,000     Ping An Bank Co Ltd   218,555 
 2,670,500     Ping An Insurance Group Co of China Ltd   25,998,808 
 88,000     Ping An Insurance Group Co of China Ltd (Class A)   833,188 
 89,700     Poly Real Estate Group Co Ltd   173,575 
 1,591,000  g  Postal Savings Bank of China Co Ltd   895,342 
 34,700     Power Construction Corp of China Ltd   25,971 
 62,100     Qingdao Haier Co Ltd   149,009 
 40,200     Rongsheng Petro Chemical Co Ltd   63,289 
 51,400     SAIC Motor Corp Ltd   204,729 
 38,400     Sanan Optoelectronics Co Ltd   56,554 
 57,100     Sany Heavy Industry Co Ltd   78,122 
 92,100     SDIC Power Holdings Co Ltd   111,906 
 1,468,800  *,e  Semiconductor Manufacturing International Corp   1,387,981 
 168,200     Shaanxi Coal Industry Co Ltd   212,458 
 20,568     Shandong Gold Mining Co Ltd   94,230 
 1,232,000     Shandong Weigao Group Medical Polymer Co Ltd   1,032,247 
 1,978,000     Shanghai Electric Group Co Ltd (Hong Kong)   691,680 
 34,600     Shanghai Fosun Pharmaceutical Group Co Ltd   120,676 
 320,500     Shanghai Fosun Pharmaceutical Group Co Ltd (Hong Kong)   981,389 
 282,000     Shanghai Industrial Holdings Ltd   593,957 
 9,400     Shanghai International Airport Co Ltd   69,507 
 162,300     Shanghai International Port Group Co Ltd   130,653 
 575,699     Shanghai Lujiazui Finance & Trade Zone Development Co Ltd   784,816 
 16,700     Shanghai Pharmaceuticals Holding Co Ltd   40,230 
 496,300     Shanghai Pharmaceuticals Holding Co Ltd (Hong Kong)   1,059,067 
 184,400     Shanghai Pudong Development Bank Co Ltd   296,850 
287

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 77,500     Shanxi Lu'an Environmental Energy Development Co Ltd  $80,618 
 5,900     Shanxi Xinghuacun Fen Wine Factory Co Ltd   35,303 
 110,900     Shanxi Xishan Coal & Electricity Power Co Ltd   90,869 
 151,900     Shenwan Hongyuan Group Co Ltd   100,392 
 488,000     Shenzhen International Holdings Ltd   947,982 
 1,696,000     Shenzhen Investment Ltd   591,607 
 31,000     Shenzhen Overseas Chinese Town Co Ltd   29,763 
 13,200     Shenzhen Salubris Pharmaceuticals Co Ltd   39,224 
 393,000     Shenzhou International Group Holdings Ltd   4,627,711 
 593,500     Shimao Property Holdings Ltd   1,690,082 
 1,698,000     Shui On Land Ltd   420,801 
 85,300     Sichuan Chuantou Energy Co Ltd   115,982 
 12,200     Sichuan Kelun Pharmaceutical Co Ltd   39,112 
 1,689,000     Sihuan Pharmaceutical Holdings   356,631 
 33,253  *  Sina Corp   2,042,399 
 1,546,471     Sino-Ocean Land Holdings Ltd   760,107 
 702,000     Sinopec Engineering Group Co Ltd   690,044 
 1,900,000     Sinopec Shanghai Petrochemical Co Ltd   902,764 
 58,883     Sinopec Shanghai Petrochemical Co Ltd (Class A)   45,407 
 613,600     Sinopharm Group Co   2,742,223 
 1,359,000     Sinotrans Ltd   625,684 
 353,000  e  Sinotruk Hong Kong Ltd   653,818 
 1,016,000  *  Soho China Ltd   412,143 
 20,622     Spring Airlines Co Ltd   99,243 
 1,256,000  e  Sunac China Holdings Ltd   5,002,533 
 102,200     Suning.com Co Ltd   159,592 
 367,500     Sunny Optical Technology Group Co Ltd   3,647,134 
 25,700     Suzhou Gold Mantis Construction Decoration Co Ltd   32,561 
 181,700  *  TAL Education Group (ADR)   5,638,151 
 12,931     Tasly Pharmaceutical Group Co Ltd   34,974 
 49,700     TBEA Co Ltd   52,231 
 2,915,400     Tencent Holdings Ltd   129,777,813 
 13,200     Tianqi Lithium Corp   53,232 
 1,004,000     Tingyi Cayman Islands Holding Corp   1,398,220 
 357,000     Tong Ren Tang Technologies Co Ltd   480,301 
 20,700     Tonghua Dongbao Pharmaceutical Co Ltd   34,726 
 14,800     Tongwei Co Ltd   22,784 
 522,000     Travelsky Technology Ltd   1,417,864 
 200,000     Tsingtao Brewery Co Ltd   880,087 
 5,200     Tsingtao Brewery Co Ltd (Class A)   29,377 
 19,600     Tus-Sound Environmental Resources Co Ltd   26,979 
 637,000     Uni-President China Holdings Ltd   567,134 
 232,924  *  Vipshop Holdings Ltd (ADR)   1,791,186 
 2,712,000     Want Want China Holdings Ltd   2,197,845 
 27,967  *,e  Weibo Corp (ADR)   1,696,478 
 1,106,800     Weichai Power Co Ltd   1,493,778 
 45,500     Weichai Power Co Ltd (Class A)   60,370 
 10,200     Weifu High-Technology Group Co Ltd   28,877 
 1,184,000     Winteam Pharmaceutical Group Ltd   772,826 
 31,600     Wuliangye Yibin Co Ltd   285,931 
 267,000  *,g  Wuxi Biologics Cayman, Inc   2,308,790 
 24,200     Xinjiang Goldwind Science & Technology Co Ltd   46,680 
 446,000     Xinjiang Goldwind Science & Technology Co Ltd (Hong Kong)   537,188 
288

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 1,629,490  e  Xinyi Solar Holdings Ltd  $685,418 
 1,198,000     Yanzhou Coal Mining Co Ltd   1,101,423 
 281,000     Yihai International Holding Ltd   862,187 
 76,700     Yonghui Superstores Co Ltd   92,531 
 26,100     Yonyou Network Technology Co Ltd   94,516 
 3,236,000     Yuexiul Property Co Ltd   629,040 
 185,001     Yum China Holdings, Inc   6,743,286 
 5,900     Yunnan Baiyao Group Co Ltd   68,695 
 837,893     Yuzhou Properties Co   415,850 
 26,104  *  YY, Inc (ADR)   1,812,401 
 5,395     Zhangzhou Pientzehuang Pharmaceutical Co Ltd   71,475 
 880,500     Zhaojin Mining Industry Co Ltd   924,317 
 9,916     Zhejiang Chint Electrics Co Ltd   37,967 
 10,200     Zhejiang Dahua Technology Co Ltd   18,953 
 842,000     Zhejiang Expressway Co Ltd   866,939 
 23,420     Zhejiang Huayou Cobalt Co Ltd   92,287 
 34,700     Zhejiang Longsheng Group Co Ltd   51,596 
 25,600     Zhengzhou Yutong Bus Co Ltd   44,327 
 139,400  *,e,g  ZhongAn Online P&C Insurance Co Ltd   482,676 
 80,240     Zhongjin Gold Corp Ltd   94,900 
 296,000     Zhongsheng Group Holdings Ltd   533,098 
 288,300     Zhuzhou CSR Times Electric Co Ltd   1,603,709 
 3,334,000     Zijin Mining Group Co Ltd   1,251,221 
 176,800     Zijin Mining Group Co Ltd (Class A)   79,070 
 37,200  *  ZTE Corp   113,109 
 409,464  *  ZTE Corp (Class H)   830,209 
       TOTAL CHINA   809,293,301 
              
COLOMBIA - 0.4%        
 126,877     BanColombia S.A.   1,362,344 
 242,405     BanColombia S.A. (Preference)   2,682,459 
 198,544     Cementos Argos S.A.   516,662 
 2,858,153     Ecopetrol S.A.   2,687,861 
 151,423     Grupo Argos S.A.   905,124 
 1,603,675     Grupo Aval Acciones y Valores   552,635 
 120,070     Grupo de Inversiones Suramericana S.A.   1,333,338 
 58,915     Grupo de Inversiones Suramericana S.A. (Preference)   627,668 
 217,518     Interconexion Electrica S.A.   975,153 
       TOTAL COLOMBIA   11,643,244 
              
CZECH REPUBLIC - 0.2%        
 87,496     CEZ AS   2,208,699 
 34,678     Komercni Banka AS   1,398,206 
 278,735  g  Moneta Money Bank AS   948,071 
       TOTAL CZECH REPUBLIC   4,554,976 
              
EGYPT - 0.1%        
 526,771     Commercial International Bank   2,471,853 
 481,445     Eastern Tobacco   459,116 
 359,060     ElSwedy Cables Holding Co   359,060 
       TOTAL EGYPT   3,290,029 
289

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
GREECE - 0.2%        
 691,125  *  Alpha Bank AE  $693,439 
 12,741  *,†  Hellenic Duty Free Shops S.A.   146 
 121,810     Hellenic Telecommunications Organization S.A.   1,525,546 
 56,167     JUMBO S.A.   918,043 
 40,982     Motor Oil Hellas Corinth Refineries S.A.   1,022,261 
 105,753     OPAP S.A.   1,034,625 
 21,051     Titan Cement Co S.A.   473,707 
       TOTAL GREECE   5,667,767 
              
HONG KONG - 0.7%        
 7,860,000  *  Alibaba Pictures Group Ltd   1,366,053 
 488,000  *  China Ding Yi Feng Holdings Ltd   1,713,285 
 1,568,000  *  China First Capital Group Ltd   817,957 
 940,000     China Gas Holdings Ltd   3,000,489 
 1,240,000     China Resources Cement Holdings Ltd   1,259,372 
 3,430,000  e  Fullshare Holdings Ltd   779,238 
 684,000     Haier Electronics Group Co Ltd   1,965,012 
 593,000     Kingboard Laminates Holdings Ltd   613,751 
 834,000     Lee & Man Paper Manufacturing Ltd   745,946 
 834,000     Nine Dragons Paper Holdings Ltd   852,335 
 3,723,000     Sino Biopharmaceutical   3,149,429 
 770,000     SSY Group Ltd   693,884 
 1,330,500     Sun Art Retail Group Ltd   1,322,409 
 665,000     Towngas China Co Ltd   529,967 
       TOTAL HONG KONG   18,809,127 
              
HUNGARY - 0.3%        
 217,048     MOL Hungarian Oil & Gas plc   2,604,084 
 110,909     OTP Bank   4,575,389 
 65,309     Richter Gedeon Rt   1,394,750 
       TOTAL HUNGARY   8,574,223 
              
INDIA - 8.1%        
 266,943     Ambuja Cements Ltd   788,862 
 648,962     Ashok Leyland Ltd   744,331 
 150,217     Asian Paints Ltd   2,990,291 
 141,841     Aurobindo Pharma Ltd   1,573,889 
 68,839  *,g  Avenue Supermarts Ltd   1,334,592 
 930,845  *  Axis Bank Ltd   9,484,137 
 89,198     Bajaj Finance Ltd   3,239,737 
 20,285     Bajaj Finserv Ltd   1,742,495 
 43,786     Bajaj Holdings and Investment Ltd   1,576,174 
 98,254     Bharat Forge Ltd   683,726 
 398,230     Bharat Petroleum Corp Ltd   1,941,488 
 720,360     Bharti Airtel Ltd   3,105,589 
 170,292     Bharti Infratel Ltd   702,028 
 3,399  *  Bosch Ltd   902,667 
 28,513     Britannia Industries Ltd   1,283,906 
 83,969     Cadila Healthcare Ltd   377,554 
 171,080  *  Cipla Ltd   1,246,568 
 410,108     Coal India Ltd   1,297,941 
 72,347     Container Corp Of India Ltd   668,743 
 255,257     Dabur India Ltd   1,593,070 
290

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 38,254     Divi S Laboratories Ltd  $811,653 
 60,595     Dr Reddy's Laboratories Ltd   2,319,639 
 6,790     Eicher Motors Ltd   1,820,003 
 389,750     GAIL India Ltd   1,824,288 
 70,923     Glenmark Pharmaceuticals Ltd   651,347 
 172,074     Godrej Consumer Products Ltd   1,716,318 
 158,707  *  Grasim Industries Ltd   1,611,375 
 116,808  *  Havells India Ltd   1,175,234 
 270,589     HCL Technologies Ltd   3,832,731 
 25,732     Hero Honda Motors Ltd   947,921 
 629,477     Hindalco Industries Ltd   1,854,572 
 335,884     Hindustan Lever Ltd   8,326,640 
 365,910     Hindustan Petroleum Corp Ltd   1,207,122 
 793,135     Housing Development Finance Corp   21,492,929 
 1,239,029     ICICI Bank Ltd   6,364,991 
 1,022,088  *  Idea Cellular Ltd   433,146 
 146,219     Indiabulls Housing Finance Ltd   1,373,190 
 813,594     Indian Oil Corp Ltd   1,570,454 
 1,790,413     Infosys Technologies Ltd   18,867,479 
 40,239  g  InterGlobe Aviation Ltd   672,472 
 1,778,183     ITC Ltd   6,975,648 
 429,426     JSW Steel Ltd   1,664,408 
 244,694     Larsen & Toubro Ltd   4,528,176 
 145,960     LIC Housing Finance Ltd   924,629 
 120,730  *  Lupin Ltd   1,488,373 
 136,862  *  Mahindra & Mahindra Financial Services Ltd   781,259 
 379,720     Mahindra & Mahindra Ltd   3,641,818 
 212,692     Marico Ltd   1,098,039 
 55,088     Maruti Suzuki India Ltd   5,158,823 
 445,017     Motherson Sumi Systems Ltd   882,187 
 263,367  *  Mundra Port and Special Economic Zone Ltd   1,258,549 
 11,258     Nestle India Ltd   1,822,845 
 935,241     NTPC Ltd   1,838,964 
 2,526     Page Industries Ltd   831,976 
 375,820     Petronet LNG Ltd   1,205,628 
 55,497     Pidilite Industries Ltd   875,458 
 41,602     Piramal Healthcare Ltd   1,193,316 
 767,480     Power Grid Corp of India Ltd   2,039,270 
 1,461,808     Reliance Industries Ltd   25,321,668 
 323,322     Rural Electrification Corp Ltd   568,800 
 708,013     Sesa Sterlite Ltd   1,976,150 
 3,466  *  Shree Cement Ltd   766,087 
 66,843     Shriram Transport Finance Co Ltd   956,995 
 941,183  *  State Bank of India   3,900,503 
 445,587     Sun Pharmaceutical Industries Ltd   2,660,052 
 458,204     Tata Consultancy Services Ltd   12,997,474 
 826,947  *  Tata Motors Ltd   2,124,487 
 495,756     Tata Power Co Ltd   498,609 
 194,256     Tata Steel Ltd   1,308,063 
 248,146  *  Tech Mahindra Ltd   2,560,380 
 167,052     Titan Industries Ltd   2,341,667 
 45,897  *  Ultra Tech Cement Ltd   2,275,098 
 184,826  *  United Phosphorus Ltd   2,049,372 
291

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 151,345  *  United Spirits Ltd  $1,151,865 
 585,049     Wipro Ltd   3,043,542 
 899,844     Yes Bank Ltd   2,470,485 
 249,273     ZEE Telefilms Ltd   1,336,373 
       TOTAL INDIA   224,668,328 
              
INDONESIA - 2.2%        
 9,704,200     Adaro Energy Tbk   969,785 
 28,794,500     Bank Rakyat Indonesia   7,981,542 
 1,247,000     Indofood CBP Sukses Makmur Tbk   963,843 
 667,100     Pabrik Kertas Tjiwi Kimia Tbk PT   646,327 
 9,910,500     PT Astra International Tbk   6,012,221 
 5,097,300     PT Bank Central Asia Tbk   10,311,397 
 1,573,766     PT Bank Danamon Indonesia Tbk   1,026,302 
 9,360,342     PT Bank Mandiri Persero Tbk   5,016,431 
 3,511,993     PT Bank Negara Indonesia   2,291,427 
 1,708,200     PT Bank Tabungan Negara Tbk   336,549 
 4,386,500  *  PT Bumi Serpong Damai   419,047 
 3,469,200     PT Charoen Pokphand Indonesia Tbk   1,838,874 
 245,700     PT Gudang Garam Tbk   1,471,712 
 4,995,800     PT Hanjaya Mandala Sampoerna Tbk   1,370,674 
 1,419,300     PT Indah Kiat Pulp and Paper Corp Tbk   1,328,961 
 951,600     PT Indocement Tunggal Prakarsa Tbk   1,311,839 
 2,046,900     PT Indofood Sukses Makmur Tbk   1,138,526 
 1,305,970     PT Jasa Marga Tbk   462,140 
 9,861,300     PT Kalbe Farma Tbk   1,130,198 
 8,991,000     PT Pakuwon Jati Tbk   418,843 
 5,334,000     PT Perusahaan Gas Negara Persero Tbk   985,290 
 1,389,000     PT Semen Gresik Persero Tbk   1,262,245 
 2,670,800     PT Surya Citra Media Tbk   361,382 
 1,855,100     PT Tambang Batubara Bukit Asam Tbk   573,958 
 25,281,200     PT Telekomunikasi Indonesia Persero Tbk   7,055,444 
 790,100     PT Unilever Indonesia Tbk   2,827,034 
 935,900     PT United Tractors Tbk   1,726,085 
 1,121,400     Tower Bersama Infrastructure   395,407 
       TOTAL INDONESIA   61,633,483 
              
KOREA, REPUBLIC OF - 13.6%        
 16,157     Amorepacific Corp   2,642,285 
 4,703     Amorepacific Corp (Preference)   432,398 
 4,197     BGF retail Co Ltd   692,868 
 122,254     BS Financial Group, Inc   808,722 
 27,485  *,e  Celltrion Healthcare Co Ltd   1,844,323 
 8,013  *  Celltrion Pharm Inc   455,521 
 42,251  *  Celltrion, Inc   8,365,477 
 32,460     Cheil Communications, Inc   685,545 
 39,975     Cheil Industries, Inc   4,324,957 
 3,903     CJ CheilJedang Corp   1,203,114 
 6,595     CJ Corp   716,139 
 989  *  CJ Corp (Preference)   32,592 
 5,491     CJ O Shopping Co Ltd   1,049,600 
 13,357     Daelim Industrial Co   1,281,344 
 77,101  *  Daewoo Engineering & Construction Co Ltd   360,470 
292

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 24,341     Daewoo International Corp  $440,037 
 203,395     Daewoo Securities Co Ltd   1,394,386 
 20,644  *  Daewoo Shipbuilding & Marine Engineering Co Ltd   690,629 
 73,352     DGB Financial Group Co Ltd   572,911 
 25,028     Dongbu Insurance Co Ltd   1,562,997 
 20,898     Doosan Bobcat, Inc   624,998 
 10,222     E-Mart Co Ltd   1,765,672 
 25,842     Fila Korea Ltd   1,110,548 
 9,708     GLOVIS Co Ltd   1,241,265 
 30,210     GS Engineering & Construction Corp   1,280,522 
 34,360     GS Holdings Corp   1,681,767 
 14,351     GS Retail Co Ltd   464,899 
 151,227     Hana Financial Group, Inc   5,437,595 
 34,557     Hankook Tire Co Ltd   1,299,899 
 3,080     Hanmi Pharm Co Ltd   1,205,153 
 6,104     Hanmi Science Co Ltd   403,054 
 87,870     Hanon Systems   1,014,545 
 61,053     Hanwha Chemical Corp   1,238,322 
 21,062     Hanwha Corp   667,612 
 11,931  *  HDC Hyundai Development Co-Engineering & Construction   530,293 
 17,132  *  HLB, Inc   1,161,473 
 9,261     Honam Petrochemical Corp   2,504,860 
 15,461     Hotel Shilla Co Ltd   1,069,253 
 298,993     Hynix Semiconductor, Inc   19,993,578 
 7,184     Hyundai Department Store Co Ltd   618,442 
 39,812     Hyundai Engineering & Construction Co Ltd   2,237,062 
 19,608  *  Hyundai Heavy Industries   2,453,810 
 32,513     Hyundai Marine & Fire Insurance Co Ltd   1,091,254 
 34,682     Hyundai Mobis   7,025,433 
 69,577     Hyundai Motor Co   8,111,394 
 18,425     Hyundai Motor Co Ltd (2nd Preference)   1,394,322 
 11,085     Hyundai Motor Co Ltd (Preference)   767,128 
 4,975  *  Hyundai Robotics Co Ltd   1,610,344 
 41,341     Hyundai Steel Co   1,902,281 
 126,254     Industrial Bank of Korea   1,617,196 
 16,107     ING Life Insurance Korea Ltd   434,876 
 24,628     Kakao Corp   2,206,354 
 56,268     Kangwon Land, Inc   1,721,541 
 203,432     KB Financial Group, Inc   8,740,928 
 2,605     KCC Corp   767,016 
 130,483     Kia Motors Corp   4,266,543 
 37,096  *  Korea Aerospace Industries Ltd   1,141,162 
 135,275     Korea Electric Power Corp   4,180,470 
 4,656  *  Korea Express Co Ltd   704,067 
 14,279  *  Korea Gas Corp   695,893 
 21,643     Korea Investment Holdings Co Ltd   1,255,253 
 10,999     Korea Kumho Petrochemical   892,067 
 151,588     Korea Life Insurance Co Ltd   587,203 
 4,645     Korea Zinc Co Ltd   1,839,432 
 27,112     Korean Air Lines Co Ltd   888,079 
 13,003     KT Corp   334,246 
 60,796     KT&G Corp   5,413,385 
 23,790     LG Chem Ltd   7,892,184 
293

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 4,170     LG Chem Ltd (Preference)  $761,425 
 50,344     LG Corp   3,520,123 
 52,513     LG Electronics, Inc   3,151,954 
 4,788     LG Household & Health Care Ltd   5,447,670 
 1,094     LG Household & Health Care Ltd (Preference)   747,328 
 7,717     LG Innotek Co Ltd   681,516 
 55,861     LG Telecom Ltd   759,267 
 113,544     LG.Philips LCD Co Ltd   1,933,952 
 15,372  *  Lotte Corp   724,834 
 5,320     Lotte Shopping Co Ltd   938,392 
 2,255     Medy-Tox, Inc   1,056,210 
 72,028     Naver Corp   8,829,592 
 9,225     NCsoft   3,884,493 
 13,956  e,g  Netmarble Corp   1,346,966 
 10,375     OCI Co Ltd   1,002,824 
 10,869     Orion Corp/Republic of Korea   1,109,981 
 575     Ottogi Corp   403,167 
 14,038     Pacific Corp   867,453 
 3,244  *  Pearl Abyss Corp   563,482 
 40,561     POSCO   10,012,561 
 13,087  e  POSCO Refractories & Environment Co Ltd   702,706 
 9,708     S1 Corp (Korea)   897,042 
 8,707  *,g  Samsung Biologics Co Ltd   3,142,389 
 14,308     Samsung Card Co   428,676 
 28,747  e  Samsung Electro-Mechanics Co Ltd   2,813,322 
 2,456,570  *  Samsung Electronics Co Ltd   102,424,494 
 441,820  *  Samsung Electronics Co Ltd (Preference)   14,971,331 
 81,168  *  Samsung Engineering Co Ltd   1,226,893 
 15,557     Samsung Fire & Marine Insurance Co Ltd   3,817,019 
 215,245  *  Samsung Heavy Industries Co Ltd   1,768,067 
 34,519     Samsung Life Insurance Co Ltd   2,744,718 
 28,114     Samsung SDI Co Ltd   5,675,055 
 18,229     Samsung SDS Co Ltd   3,679,008 
 32,075     Samsung Securities Co Ltd   968,272 
 221,057     Shinhan Financial Group Co Ltd   8,550,057 
 3,713     Shinsegae Co Ltd   886,668 
 30,442  *,e  SillaJen, Inc   2,074,954 
 16,653     SK C&C Co Ltd   3,955,731 
 34,344     SK Energy Co Ltd   5,829,834 
 10,785     SK Telecom Co Ltd   2,496,817 
 25,053     S-Oil Corp   2,359,023 
 130,351  *  STX Pan Ocean Co Ltd   533,001 
 6,632  *  ViroMed Co Ltd   1,656,643 
 25,180     Woongjin Coway Co Ltd   1,897,628 
 236,604     Woori Bank   3,228,096 
 74,218     Woori Investment & Securities Co Ltd   934,899 
 4,256     Yuhan Corp   911,158 
       TOTAL KOREA, REPUBLIC OF   375,357,679 
              
LUXEMBOURG - 0.0%        
 68,013     Reinet Investments S.C.A   1,028,931 
       TOTAL LUXEMBOURG   1,028,931 
294

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
MALAYSIA - 2.2%        
 773,800     AirAsia BHD  $576,838 
 449,500     Alliance Financial Group BHD   466,679 
 764,600     AMMB Holdings BHD   843,060 
 71,700     British American Tobacco Malaysia BHD   673,467 
 2,369,235     Bumiputra-Commerce Holdings BHD   3,261,409 
 2,034,296     Dialog Group BHD   1,492,751 
 1,499,200     Digi.Com BHD   1,713,069 
 62,800     Fraser & Neave Holdings BHD   522,063 
 930,300     Gamuda BHD   627,740 
 1,074,875     Genting BHD   1,824,887 
 178,400     Genting Plantations BHD   445,152 
 271,500     HAP Seng Consolidated BHD   654,943 
 707,900     Hartalega Holdings BHD   936,697 
 320,787     Hong Leong Bank BHD   1,620,217 
 100,506     Hong Leong Credit BHD   484,480 
 1,294,100     IHH Healthcare BHD   1,777,446 
 1,555,300     IJM Corp BHD   695,512 
 1,101,100     IOI Corp BHD   1,253,222 
 797,741     IOI Properties Group Sdn BHD   304,553 
 239,300     Kuala Lumpur Kepong BHD   1,441,876 
 2,003,767     Malayan Banking BHD   4,674,658 
 449,976     Malaysia Airports Holdings BHD   885,962 
 1,038,300     Maxis BHD   1,460,502 
 653,500     MISC BHD   1,084,218 
 30,300     Nestle Malaysia BHD   1,098,976 
 1,285,000     Petronas Chemicals Group BHD   2,655,685 
 178,300     Petronas Dagangan BHD   1,151,720 
 363,100     Petronas Gas BHD   1,605,007 
 306,240     PPB Group BHD   1,360,102 
 725,200     Press Metal BHD   766,586 
 1,505,040     Public Bank BHD   9,116,725 
 332,600     QL Resources BHD   549,619 
 1,482,900     Resorts World BHD   1,194,971 
 494,270     RHB Capital BHD   656,365 
 1,068,165     Sime Darby BHD   586,822 
 1,255,265     Sime Darby Plantation BHD   1,584,130 
 1,068,165     Sime Darby Property BHD   300,704 
 726,876     SP Setia BHD   457,276 
 573,565     Telekom Malaysia BHD   408,393 
 1,630,450     Tenaga Nasional BHD   5,148,565 
 1,316,003     TM International BHD   1,294,767 
 792,300     Top Glove Corp BHD   934,648 
 452,000     Westports Holdings BHD   411,182 
 1,982,166     YTL Corp BHD   533,072 
       TOTAL MALAYSIA   61,536,716 
              
MEXICO - 2.7%        
 1,565,250     Alfa S.A. de C.V. (Class A)   1,970,248 
 246,500  e  Alsea SAB de C.V.   682,178 
 17,216,370     America Movil S.A. de C.V. (Series L)   13,784,080 
 916,925  e  Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santand   1,372,828 
295

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 7,128,397  *  Cemex S.A. de C.V.  $3,850,820 
 288,960     Coca-Cola Femsa S.A. de C.V.   1,805,787 
 115,700     El Puerto de Liverpool SAB de C.V.   757,649 
 212,925     Embotelladoras Arca SAB de C.V.   1,238,427 
 1,677,200     Fibra Uno Administracion S.A. de C.V.   2,301,493 
 1,006,637     Fomento Economico Mexicano S.A. de C.V.   9,158,161 
 102,975     Gruma SAB de C.V.   1,254,564 
 179,128     Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares)   1,607,747 
 103,155     Grupo Aeroportuario del Sureste S.A. de C.V. (Class B)   1,866,120 
 786,920     Grupo Bimbo S.A. de C.V. (Series A)   1,555,959 
 198,598     Grupo Carso S.A. de C.V. (Series A1)   778,512 
 1,350,287     Grupo Financiero Banorte S.A. de C.V.   7,496,318 
 1,083,632     Grupo Financiero Inbursa S.A.   1,569,721 
 1,846,356     Grupo Mexico S.A. de C.V. (Series B)   4,421,271 
 1,270,926     Grupo Televisa S.A.   3,177,606 
 77,307     Industrias Penoles S.A. de C.V.   1,055,367 
 287,400     Infraestructura Energetica ,NV SAB de C.V.   1,128,574 
 761,242     Kimberly-Clark de Mexico S.A. de C.V. (Class A)   1,270,710 
 179,000     Megacable Holdings SAB de C.V.   804,844 
 583,723     Mexichem SAB de C.V.   1,559,261 
 121,705     Promotora y Operadora de Infraestructura SAB de C.V.   1,241,856 
 2,719,689     Wal-Mart de Mexico SAB de C.V.   7,139,766 
       TOTAL MEXICO   74,849,867 
              
PAKISTAN - 0.0%        
 340,500     Habib Bank Ltd   366,814 
 186,100     MCB Bank Ltd   279,864 
 546,100     Oil & Gas Development Co Ltd   594,528 
       TOTAL PAKISTAN   1,241,206 
              
PERU - 0.4%        
 104,822     Cia de Minas Buenaventura S.A. (ADR) (Series B)   1,640,464 
 33,290     Credicorp Ltd (NY)   8,082,146 
 47,229     Southern Copper Corp (NY)   1,587,839 
       TOTAL PERU   11,310,449 
              
PHILIPPINES - 1.1%        
 1,017,980     Aboitiz Equity Ventures, Inc   1,260,054 
 750,800     Aboitiz Power Corp   554,490 
 1,882,300     Alliance Global Group, Inc   495,149 
 126,613     Ayala Corp   2,258,117 
 3,738,400     Ayala Land, Inc   3,194,120 
 1,000,299     Banco de Oro Universal Bank   2,598,904 
 476,469     Bank of the Philippine Islands   834,004 
 1,716,400     DMCI Holdings, Inc   415,094 
 15,870     Globe Telecom, Inc   617,251 
 49,738     GT Capital Holdings, Inc   1,021,576 
 277,990     International Container Term Services, Inc   577,212 
 1,362,620     JG Summit Holdings (Series B)   1,694,132 
 228,190     Jollibee Foods Corp   1,385,824 
 132,030     Manila Electric Co   928,788 
 4,426,900     Megaworld Corp   439,579 
 6,294,000     Metro Pacific Investments Corp   588,350 
296

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 883,833     Metropolitan Bank & Trust  $1,426,657 
 45,180     PLDT, Inc   1,122,974 
 1,053,143     Robinsons Land Corp   445,677 
 128,930     Security Bank Corp   443,523 
 124,225     SM Investments Corp   2,369,760 
 5,094,375     SM Prime Holdings   3,735,267 
 477,580     Universal Robina   1,358,254 
       TOTAL PHILIPPINES   29,764,756 
              
POLAND - 1.2%        
 42,384  *  Alior Bank S.A.   656,479 
 14,692     Bank Handlowy w Warszawie S.A.   273,179 
 284,772  *  Bank Millennium S.A.   676,374 
 86,855     Bank Pekao S.A.   2,584,918 
 16,322     Bank Zachodni WBK S.A.   1,642,112 
 6,419     BRE Bank S.A.   775,105 
 12,724     CCC S.A.   612,638 
 33,827  *  CD Projekt Red S.A.   1,727,381 
 103,900  *  Cyfrowy Polsat S.A.   661,980 
 24,006  *,g  Dino Polska S.A.   647,992 
 62,855     Grupa Lotos S.A.   1,571,510 
 26,827  *  Jastrzebska Spolka Weglowa S.A.   493,259 
 76,637  *  KGHM Polska Miedz S.A.   1,944,221 
 613     LPP S.A.   1,377,574 
 1,171,481     Polish Oil & Gas Co   2,404,755 
 419,175  *  Polska Grupa Energetyczna S.A.   1,340,711 
 155,269     Polski Koncern Naftowy Orlen S.A.   4,374,822 
 439,588     Powszechna Kasa Oszczednosci Bank Polski S.A.   4,672,857 
 298,577     Powszechny Zaklad Ubezpieczen S.A.   3,587,745 
 264,409  *  Telekomunikacja Polska S.A.   398,116 
       TOTAL POLAND   32,423,728 
              
QATAR - 1.0%        
 101,484  *  Barwa Real Estate Co   1,137,994 
 107,163  *  Commercial Bank of Qatar QSC   1,249,264 
 363,985  *  Ezdan Holding Group QSC   1,567,432 
 95,856  *  Industries Qatar QSC   3,779,283 
 193,871  *  Masraf Al Rayan   2,173,645 
 37,192  *  Ooredoo QSC   776,496 
 27,677  *  Qatar Electricity & Water Co   1,435,316 
 73,311     Qatar Insurance Co SAQ   786,378 
 61,995  *  Qatar Islamic Bank SAQ   2,694,084 
 233,021  *  Qatar National Bank   12,671,173 
       TOTAL QATAR   28,271,065 
              
ROMANIA - 0.1%        
 187,044     NEPI Rockcastle plc   1,768,519 
       TOTAL ROMANIA   1,768,519 
              
RUSSIA - 3.7%        
 2,757,940     Gazprom (ADR)   13,500,116 
 250,902     LUKOIL PJSC (ADR)   20,122,340 
 183,592     Magnit OAO (GDR)   2,927,087 
297

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 7,479     Magnit PJSC (GDR)  $119,066 
 326,929     MMC Norilsk Nickel PJSC (ADR)   6,809,385 
 272,049     Mobile TeleSystems (ADR)   2,339,621 
 47,360     NovaTek OAO (GDR)   8,695,244 
 63,455     Novolipetsk Steel PJSC (GDR)   1,484,847 
 75,531     PhosAgro OAO (GDR)   1,029,800 
 110,589     Polymetal International plc (ADR)   1,261,812 
 15,613     Polyus PJSC (GDR)   651,062 
 13,795     Polyus PJSC (GDR)   576,167 
 676,914  *  Rosneft Oil Co PJSC (GDR)   4,230,712 
 113,563  *  Sberbank of Russia (ADR)   1,542,186 
 1,277,381     Sberbank of Russian Federation (ADR)   17,370,793 
 120,524     Severstal (GDR) (Equiduct)   1,839,196 
 961,836     Surgutneftegaz (ADR) (London)   4,001,238 
 129,186     Tatneft PAO (ADR)   9,495,026 
 1,326     Tatneft PJSC (ADR)   97,925 
 875,589     VTB Bank OJSC (GDR)   1,107,449 
 52,000     X 5 Retail Group NV (GDR)   1,371,725 
 15,706     X5 Retail Group NV (GDR)   414,010 
       TOTAL RUSSIA   100,986,807 
              
SINGAPORE - 0.0%        
 121,800  g  BOC Aviation Ltd   1,035,669 
       TOTAL SINGAPORE   1,035,669 
              
SOUTH AFRICA - 6.0%        
 362,268     Absa Group Ltd   5,083,835 
 30,177     Anglo American Platinum Ltd   1,456,640 
 218,580     AngloGold Ashanti Ltd   3,082,715 
 197,361     Aspen Pharmacare Holdings Ltd   2,169,460 
 173,135     Bid Corp Ltd   3,715,523 
 175,498     Bidvest Group Ltd   2,691,643 
 19,832  e  Capitec Bank Holdings Ltd   1,749,368 
 123,735     Clicks Group Ltd   1,836,843 
 176,131     Discovery Holdings Ltd   2,117,360 
 146,531     Exxaro Resources Ltd   1,707,926 
 1,742,213     FirstRand Ltd   9,154,937 
 419,504     Fortress REIT Ltd   492,285 
 567,110     Fortress REIT Ltd (Class A)   822,116 
 115,155     Foschini Ltd   1,475,204 
 481,362     Gold Fields Ltd   1,953,373 
 1,467,734     Growthpoint Properties Ltd   2,874,529 
 114,003     Hyprop Investments Ltd   773,557 
 136,997     Investec Ltd   902,981 
 33,609  e  Kumba Iron Ore Ltd   865,109 
 60,407     Liberty Holdings Ltd   486,490 
 660,715     Life Healthcare Group Holdings Pte Ltd   1,354,422 
 522,349  *  Metropolitan Holdings Ltd   661,836 
 60,249     Mondi Ltd   1,498,180 
 130,422     Mr Price Group Ltd   2,195,389 
 850,565     MTN Group Ltd   5,565,109 
 224,214     Naspers Ltd (N Shares)   51,866,022 
 202,109     Nedbank Group Ltd   4,374,194 
298

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 574,270  e  Network Healthcare Holdings Ltd  $1,080,946 
 192,158     Pick'n Pay Stores Ltd   1,006,154 
 77,337     PSG Group Ltd   1,466,599 
 318,823     Rand Merchant Investment Holdings Ltd   890,093 
 2,473,760     Redefine Properties Ltd   1,971,230 
 272,080     Remgro Ltd   4,340,464 
 127,302     Resilient REIT Ltd   620,110 
 350,975     RMB Holdings Ltd   2,222,498 
 933,304     Sanlam Ltd   5,932,547 
 266,335     Sappi Ltd   1,573,405 
 290,017     Sasol Ltd   8,774,240 
 235,398     Shoprite Holdings Ltd   2,912,761 
 102,234     Spar Group Ltd   1,542,652 
 670,025     Standard Bank Group Ltd   9,899,421 
 136,222     Telkom S.A. Ltd   689,241 
 78,943     Tiger Brands Ltd   1,655,320 
 208,830     Truworths International Ltd   1,271,002 
 286,553     Vodacom Group Pty Ltd   2,607,457 
 507,697     Woolworths Holdings Ltd   1,929,444 
       TOTAL SOUTH AFRICA   165,312,630 
              
TAIWAN - 10.5%        
 1,519,912     Acer, Inc   990,954 
 178,030     Advantech Co Ltd   1,342,493 
 53,000     Airtac International Group   625,097 
 1,776,419     ASE Industrial Holding Co Ltd   3,572,617 
 1,164,512     Asia Cement Corp   1,400,166 
 359,500     Asustek Computer, Inc   2,802,400 
 4,069,000     AU Optronics Corp   1,595,043 
 348,000     Catcher Technology Co Ltd   2,678,918 
 4,243,270     Cathay Financial Holding Co Ltd   6,102,143 
 576,828     Chailease Holding Co Ltd   2,154,415 
 2,450,719     Chang Hwa Commercial Bank   1,436,413 
 920,490     Cheng Shin Rubber Industry Co Ltd   1,304,260 
 224,079     Chicony Electronics Co Ltd   494,471 
 1,311,000     China Airlines   454,763 
 6,307,754     China Development Financial Holding Corp   2,071,946 
 1,382,993     China Life Insurance Co Ltd (Taiwan)   1,260,032 
 6,482,850     China Steel Corp   5,405,457 
 9,136,908     Chinatrust Financial Holding Co   6,221,706 
 1,973,600     Chunghwa Telecom Co Ltd   6,923,363 
 2,070,000     Compal Electronics, Inc   1,241,337 
 1,073,929     Delta Electronics, Inc   5,366,176 
 5,155,044     E.Sun Financial Holding Co Ltd   3,613,183 
 87,316     Eclat Textile Co Ltd   1,003,515 
 1,063,520     Eva Airways Corp   519,980 
 853,587     Evergreen Marine Corp Tawain Ltd   336,292 
 1,770,852     Far Eastern Textile Co Ltd   1,738,167 
 820,000     Far EasTone Telecommunications Co Ltd   1,924,564 
 172,662     Feng TAY Enterprise Co Ltd   1,100,388 
 5,225,684     First Financial Holding Co Ltd   3,484,682 
 1,829,270     Formosa Chemicals & Fibre Corp   6,366,117 
 741,000     Formosa Petrochemical Corp   2,631,237 
299

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 2,310,600     Formosa Plastics Corp  $7,732,451 
 234,000     Formosa Taffeta Co Ltd   270,054 
 414,512     Foxconn Technology Co Ltd   808,920 
 3,489,812     Fubon Financial Holding Co Ltd   5,116,886 
 5,315,112     Fuhwa Financial Holdings Co Ltd   2,973,838 
 175,000     Giant Manufacturing Co Ltd   878,001 
 108,000     Globalwafers Co Ltd   1,067,978 
 389,290     Highwealth Construction Corp   613,622 
 121,714     Hiwin Technologies Corp   986,166 
 6,767,512     Hon Hai Precision Industry Co, Ltd   15,686,576 
 139,000     Hotai Motor Co Ltd   1,345,865 
 3,713,044     Hua Nan Financial Holdings Co Ltd   2,243,085 
 4,519,061     InnoLux Display Corp   1,558,411 
 1,171,060     Inventec Co Ltd   914,333 
 52,000     Largan Precision Co Ltd   6,611,714 
 1,020,778     Lite-On Technology Corp   1,524,271 
 780,961     MediaTek, Inc   6,328,076 
 5,695,046     Mega Financial Holding Co Ltd   4,971,653 
 359,000     Micro-Star International Co Ltd   886,354 
 2,680,860     Nan Ya Plastics Corp   6,698,600 
 617,000     Nanya Technology Corp   1,253,065 
 79,000     Nien Made Enterprise Co Ltd   680,800 
 275,000     Novatek Microelectronics Corp Ltd   1,444,720 
 966,000     Pegatron Technology Corp   1,650,110 
 59,000     Phison Electronics Corp   489,508 
 1,051,000     Pou Chen Corp   1,274,643 
 332,000     Powertech Technology, Inc   779,403 
 304,000     President Chain Store Corp   3,228,901 
 1,320,000     Quanta Computer, Inc   2,432,421 
 212,085     Realtek Semiconductor Corp   1,162,256 
 309,679     Ruentex Development Co Ltd   474,077 
 193,638     Ruentex Industries Ltd   522,722 
 5,027,466     Shin Kong Financial Holding Co Ltd   1,444,116 
 4,755,717     SinoPac Financial Holdings Co Ltd   1,622,715 
 304,777     Standard Foods Corp   498,969 
 641,050     Synnex Technology International Corp   801,049 
 89,000  *  TaiMed Biologics, Inc   501,895 
 4,481,598     Taishin Financial Holdings Co Ltd   1,998,895 
 1,388,527     Taiwan Business Bank   504,216 
 2,268,005     Taiwan Cement Corp   2,810,966 
 4,701,050     Taiwan Cooperative Financial Holding   2,851,243 
 1,130,000     Taiwan High Speed Rail Corp   1,156,942 
 841,200     Taiwan Mobile Co Ltd   3,006,022 
 12,574,000     Taiwan Semiconductor Manufacturing Co Ltd   93,273,487 
 986,000  *  Tatung Co Ltd   880,241 
 2,517,569     Uni-President Enterprises Corp   5,965,862 
 5,882,000     United Microelectronics Corp   2,246,440 
 472,000     Vanguard International Semiconductor Corp   1,047,535 
 160,000     Walsin Technology Corp   925,762 
 179,000     Win Semiconductors Corp   912,942 
 1,409,000     Winbond Electronics Corp   698,856 
 1,397,560     Wistron Corp   979,476 
 630,660     WPG Holdings Co Ltd   808,520 
300

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 137,009     Yageo Corp  $1,498,107 
 202,127     Zhen Ding Technology Holding Ltd   531,205 
       TOTAL TAIWAN   289,737,236 
              
THAILAND - 2.3%        
 555,600     Advanced Info Service PCL (Foreign)   3,187,125 
 2,065,200     Airports of Thailand PCL   4,573,533 
 145,600     Bangkok Bank PCL (Foreign)   1,032,134 
 1,807,400     Bangkok Dusit Medical Services PCL (Foreign)   1,366,580 
 3,345,300     Bangkok Expressway & Metro PCL   1,115,961 
 1,500,800     Banpu PCL (Foreign)   797,416 
 536,900     Berli Jucker PCL   839,709 
 2,674,600     BTS Group Holdings PCL   856,078 
 161,600     Bumrungrad Hospital PCL (Foreign)   962,869 
 592,300     Central Pattana PCL (Foreign)   1,515,733 
 1,525,280     Charoen Pokphand Foods PCL   1,332,753 
 2,621,800     CP Seven Eleven PCL (Foreign)   6,534,589 
 233,600     Delta Electronics Thai PCL   520,207 
 52,000     Electricity Generating PCL   436,524 
 509,100     Energy Absolute PCL (Foreign)   777,032 
 277,300     Glow Energy PCL (Foreign)   819,998 
 194,000     Gulf Energy Development PCL   541,970 
 1,731,126     Home Product Center PCL (Foreign)   865,984 
 742,978     Indorama Ventures PCL (Foreign)   1,145,731 
 7,277,900     IRPC PCL (Foreign)   1,343,606 
 936,400     Kasikornbank PCL (Foreign)   6,066,439 
 1,851,450     Krung Thai Bank PCL (Foreign)   1,175,895 
 829,800     Land and Houses PCL Co Reg   284,605 
 1,022,670     Minor International PCL (Foreign)   1,273,110 
 758,584     PTT Exploration & Production PCL (Foreign)   2,996,299 
 1,178,141     PTT Global Chemical PCL (Foreign)   2,564,250 
 5,477,700     PTT PCL (Foreign)   8,601,214 
 203,000     Robinson PCL   442,530 
 190,350     Siam Cement PCL (Foreign)   2,851,220 
 829,100     Siam Commercial Bank PCL (Foreign)   3,552,065 
 732,300     Thai Oil PCL (Foreign)   1,692,842 
 843,800     Thai Union Group PCL   505,820 
 5,903,600     TMB Bank PCL (Foreign)   416,457 
 5,286,748     True Corp PCL (Foreign)   865,809 
       TOTAL THAILAND   63,854,087 
              
TURKEY - 0.6%        
 1,345,938     Akbank TAS   1,848,389 
 90,802     Anadolu Efes Biracilik Ve Malt Sanayii AS   387,818 
 136,636     Arcelik AS   490,217 
 159,880     Aselsan Elektronik Sanayi Ve Ticaret AS   795,651 
 108,121     BIM Birlesik Magazalar AS   1,889,359 
 670,985     Eregli Demir ve Celik Fabrikalari TAS   1,102,051 
 32,961     Ford Otomotiv Sanayi AS   382,482 
 398,343     Haci Omer Sabanci Holding AS   723,036 
 356,664     KOC Holding AS   1,195,933 
 394,114     Petkim Petrokimya Holding   440,324 
 83,385     TAV Havalimanlari Holding AS   450,257 
301

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
              
 80,978     Tupras Turkiye Petrol Rafine  $2,178,762 
 296,231  *  Turk Hava Yollari   882,459 
 414,736     Turk Sise ve Cam Fabrikalari AS   545,748 
 514,724     Turkcell Iletisim Hizmet AS   1,445,300 
 1,065,295     Turkiye Garanti Bankasi AS   1,869,005 
 320,920     Turkiye Halk Bankasi AS   473,106 
 735,503     Turkiye Is Bankasi (Series C)   809,451 
       TOTAL TURKEY   17,909,348 
              
UNITED ARAB EMIRATES - 0.7%        
 1,071,757  *  Abu Dhabi Commercial Bank PJSC   2,733,059 
 1,740,643     Aldar Properties PJSC   755,283 
 758,668     DAMAC Properties Dubai Co PJSC   270,675 
 79,152     DP World Ltd   1,408,906 
 872,678  *  Dubai Islamic Bank PJSC   1,212,176 
 391,688  *  Emaar Development PJSC   426,542 
 905,813  *  Emaar Malls Group PJSC   387,780 
 1,893,191     Emaar Properties PJSC   2,232,592 
 913,618     Emirates Telecommunications Group Co PJSC   4,237,800 
 1,421,328     National Bank of Abu Dhabi PJSC   5,710,783 
       TOTAL UNITED ARAB EMIRATES   19,375,596 
              
UNITED KINGDOM - 0.2%        
 2,440,430     Old Mutual Ltd   4,308,262 
       TOTAL UNITED KINGDOM   4,308,262 
              
UNITED STATES - 3.1%        
 192,925     iShares MSCI South Korea Index Fund   12,486,106 
 505,000     Nexteer Automotive Group Ltd   764,549 
 1,728,163     Vanguard Emerging Markets ETF   72,202,650 
       TOTAL UNITED STATES   85,453,305 
             
       TOTAL COMMON STOCKS   2,759,454,188 
       (Cost $2,413,641,247)     
             
              
PREFERRED STOCKS - 0.0%        
              
PHILIPPINES - 0.0%        
 307,700  *,†  Ayala Land, Inc   591 
       TOTAL PHILIPPINES   591 
             
       TOTAL PREFERRED STOCKS   591 
       (Cost $725)                 
             
PRINCIPAL     ISSUER  RATE  MATURITY DATE        
                     
SHORT-TERM INVESTMENTS - 1.0%             
                     
GOVERNMENT AGENCY DEBT - 0.1%             
$1,500,000     Federal Home Loan Bank (FHLB)   2.260%  02/01/19   1,500,000 
       TOTAL GOVERNMENT AGENCY DEBT           1,500,000 

302

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

SHARES     COMPANY  VALUE 
             
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.9%      
 25,715,385  c  State Street Navigator Securities Lending Government Money Market Portfolio $25,715,385 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES  25,715,385 
             
       TOTAL SHORT-TERM INVESTMENTS  27,215,385 
       (Cost $27,215,385)    
       TOTAL INVESTMENTS - 100.9%  2,786,670,164 
       (Cost $2,440,857,357)    
       OTHER ASSETS & LIABILITIES, NET - (0.9)%  (24,651,982)
       NET ASSETS - 100.0% $2,762,018,182 
                   
       
    Abbreviation(s):
      ADR   American Depositary Receipt
      ETF     Exchange Traded Fund
      GDR   Global Depositary Receipt
      REIT   Real Estate Investment Trust
       
  *   Non-income producing
    Security is categorized as Level 3 in the fair value hierarchy.
  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 $24,237,839.
  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 1/31/2019, the aggregate value of these securities amounted to $31,654,959 or 1.1% of net assets.
303

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

 

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY INDEX FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2019

 

SECTOR  VALUE   % OF
NET ASSETS
 
FINANCIALS  $749,016,606    27.1%
INFORMATION TECHNOLOGY   385,888,638    14.0 
COMMUNICATION SERVICES   379,915,656    13.8 
CONSUMER DISCRETIONARY   286,843,038    10.4 
ENERGY   214,788,648    7.8 
MATERIALS   189,790,284    6.9 
CONSUMER STAPLES   176,073,345    6.4 
INDUSTRIALS   149,563,581    5.4 
REAL ESTATE   81,304,274    2.9 
HEALTH CARE   74,553,667    2.7 
UTILITIES   71,717,042    2.6 
SHORT-TERM INVESTMENTS   27,215,385    0.9 
OTHER ASSETS & LIABILITIES, NET   (24,651,982)   (0.9)
           
NET ASSETS  $2,762,018,182    100.0%
304

TIAA-CREF FUNDS - International Equity Index Fund

 

TIAA-CREF FUNDS

INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

SHARES     COMPANY   VALUE 
             
COMMON STOCKS - 96.8%     
             
AUSTRALIA - 7.5%     
 565,357     AGL Energy Ltd  $8,833,548 
 2,115,939     Alumina Ltd   3,763,142 
 1,035,105     Amcor Ltd   10,277,261 
 2,594,061     AMP Ltd   4,277,053 
 1,022,744  *  APA Group (ASE)   6,836,853 
 498,308     Aristocrat Leisure Ltd   8,962,368 
 1,730,594     AusNet Services   2,079,558 
 2,459,096     Australia & New Zealand Banking Group Ltd   44,765,037 
 167,879     Australian Stock Exchange Ltd   7,794,872 
 989,098  *  AZ BGP Holdings   23,435 
 325,327     Bank of Queensland Ltd   2,410,268 
 418,666     Bendigo Bank Ltd   3,289,875 
 2,539,784     BHP Billiton Ltd   64,848,056 
 1,807,906     BHP Group plc   40,393,494 
 468,192     BlueScope Steel Ltd   4,277,574 
 1,015,000     Boral Ltd   3,671,966 
 1,345,507     Brambles Ltd   10,439,711 
 229,085     Caltex Australia Ltd   4,477,653 
 480,666     Challenger Financial Services Group Ltd   2,536,908 
 86,924     CIMIC Group Ltd   2,833,755 
 446,291     Coca-Cola Amatil Ltd   2,725,705 
 48,269     Cochlear Ltd   6,821,631 
 999,007  *  Coles Group Ltd   9,084,489 
 1,511,403     Commonwealth Bank of Australia   77,010,761 
 400,403     Computershare Ltd   5,187,072 
 332,703     Crown Resorts Ltd   2,899,174 
 390,371     CSL Ltd   55,508,436 
 881,866     Dexus Property Group   7,383,953 
 48,818  e  Domino’s Pizza Enterprises Ltd   1,619,075 
 49,011     Flight Centre Travel Group Ltd   1,537,947 
 1,296,436     Fortescue Metals Group Ltd   5,355,463 
 1,554,305     GPT Group (ASE)   6,572,122 
 465,431  e  Harvey Norman Holdings Ltd   1,142,989 
 1,380,732     Incitec Pivot Ltd   3,332,513 
 1,979,643     Insurance Australia Group Ltd   10,228,105 
 493,651     Lend Lease Corp Ltd   4,396,595 
 1,392,760     Macquarie Goodman Group   11,853,659 
 276,017     Macquarie Group Ltd   23,474,612 
 2,397,901     Medibank Pvt Ltd   4,571,435 
 3,170,599     Mirvac Group   5,559,250 
 2,389,655     National Australia Bank Ltd   41,495,516 
 676,845     Newcrest Mining Ltd   12,041,600 
 1,199,791     Oil Search Ltd   6,831,222 
 334,983     Orica Ltd   4,181,803 
305

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
 1,523,939  *  Origin Energy Ltd  $7,961,988 
 1,146,007     QBE Insurance Group Ltd   8,968,132 
 1,706,256     QR National Ltd   5,467,563 
 127,528     Ramsay Health Care Ltd   5,266,936 
 41,685     REA Group Ltd   2,303,799 
 317,593     Rio Tinto Ltd   20,194,370 
 1,011,411     Rio Tinto plc   55,953,407 
 1,521,855     Santos Ltd   7,180,417 
 4,570,502     Scentre Group   13,237,464 
 271,415     Seek Ltd   3,364,872 
 375,935     Sonic Healthcare Ltd   6,305,783 
 4,448,549     South32 Ltd   11,382,766 
 2,176,763     Stockland Trust Group   5,999,893 
 1,099,998     Suncorp-Metway Ltd   10,403,454 
 1,007,509     Sydney Airport   4,809,132 
 1,671,321     Tabcorp Holdings Ltd   5,664,030 
 3,517,623     Telstra Corp Ltd   7,975,277 
 358,563     TPG Telecom Ltd   1,821,183 
 2,250,148     Transurban Group (ASE)   19,954,895 
 626,899     Treasury Wine Estates Ltd   7,055,127 
 2,790,652     Vicinity Centres   5,313,034 
 88,192     Washington H Soul Pattinson & Co Ltd   1,691,454 
 977,450     Wesfarmers Ltd   22,929,576 
 2,991,861     Westpac Banking Corp   53,470,601 
 804,963     Woodside Petroleum Ltd   20,134,876 
 1,123,023     Woolworths Ltd   23,996,744 
 304,941     WorleyParsons Ltd   3,088,985 
       TOTAL AUSTRALIA   889,503,272 
             
AUSTRIA - 0.2%     
 59,071     Andritz AG.   2,916,221 
 257,960     Erste Bank der Oesterreichischen Sparkassen AG.   9,004,196 
 64,520  e  Oest Elektrizitatswirts AG. (Class A)   3,297,444 
 123,610     OMV AG.   6,146,231 
 134,424     Raiffeisen International Bank Holding AG.   3,555,885 
 97,633     Voestalpine AG.   3,119,959 
       TOTAL AUSTRIA   28,039,936 
             
BELGIUM - 1.0%     
 153,165     Ageas   7,121,619 
 660,731     Anheuser-Busch InBev S.A.   50,481,999 
 56,667     Colruyt S.A.   4,069,621 
 74,105     Groupe Bruxelles Lambert S.A.   6,982,341 
 213,350     KBC Groep NV   14,484,330 
 139,201     Proximus plc   3,736,955 
 62,686     Solvay S.A.   6,824,610 
 44,161     Telenet Group Holding NV   2,044,232 
 106,726     UCB S.A.   9,248,138 
 180,488     Umicore S.A.   7,630,533 
       TOTAL BELGIUM   112,624,378 
             
CHILE - 0.0%     
 332,444     Antofagasta plc   3,800,476 
       TOTAL CHILE   3,800,476 
306

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
CHINA - 0.1%     
 30,100  *,e  BeiGene Ltd (ADR)  $3,897,348 
 644,983     Minth Group Ltd   2,256,736 
 1,894,638     Yangzijiang Shipbuilding   1,980,185 
       TOTAL CHINA   8,134,269 
             
DENMARK - 1.6%     
 3,216     AP Moller - Maersk AS (Class A)   4,014,911 
 5,538     AP Moller - Maersk AS (Class B)   7,406,441 
 90,376     Carlsberg AS (Class B)   10,346,616 
 87,273     Christian Hansen Holding   8,287,956 
 100,748     Coloplast AS   9,203,249 
 620,261     Danske Bank AS   11,491,807 
 161,530     DSV AS   12,891,434 
 54,274  *  Genmab AS   7,911,732 
 58,992     H Lundbeck AS   2,590,328 
 139,834     ISS A.S.   3,963,005 
 1,565,563     Novo Nordisk AS   73,371,802 
 188,945     Novozymes AS   7,901,148 
 162,409  g  Orsted AS   11,736,090 
 99,503     Pandora AS   4,321,174 
 108,974  e  Tryg A.S.   2,780,289 
 169,291     Vestas Wind Systems AS   13,994,140 
 88,026  *  William Demant Holding A.S.   2,780,800 
       TOTAL DENMARK   194,992,922 
             
FINLAND - 1.2%     
 119,826     Elisa Oyj (Series A)   5,013,225 
 387,829     Fortum Oyj   8,814,551 
 289,818     Kone Oyj (Class B)   14,091,840 
 86,649     Metso Oyj   2,549,067 
 110,600     Neste Oil Oyj   10,133,189 
 4,851,022     Nokia Oyj (Turquoise)   30,647,083 
 106,389     Nokian Renkaat Oyj   3,539,479 
 2,620,396     Nordea Bank Abp   23,848,966 
 92,440     Orion Oyj (Class B)   3,267,849 
 383,338     Sampo Oyj (A Shares)   17,562,761 
 476,049     Stora Enso Oyj (R Shares)   6,403,953 
 452,182     UPM-Kymmene Oyj   13,132,151 
 391,018     Wartsila Oyj (B Shares)   6,384,799 
       TOTAL FINLAND   145,388,913 
             
FRANCE - 10.4%     
 167,276     Accor S.A.   7,274,999 
 25,247     Aeroports de Paris   4,829,773 
 367,066     Air Liquide   44,561,619 
 502,339     Airbus SE   57,899,580 
 133,462     Alstom RGPT   5,369,129 
 49,981  g  Amundi S.A.   2,875,759 
 57,982     Arkema   5,493,645 
 81,319     Atos Origin S.A.   7,414,648 

307

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
 1,678,709     AXA S.A.  $38,929,542 
 34,804     BioMerieux   2,457,410 
 973,229     BNP Paribas   45,864,354 
 720,376     Bollore   2,971,645 
 189,828     Bouygues S.A.   6,718,623 
 215,629     Bureau Veritas S.A.   4,790,399 
 136,509     Cap Gemini S.A.   15,075,408 
 519,274     Carrefour S.A.   10,269,088 
 45,877  e  Casino Guichard Perrachon S.A.   2,257,301 
 150,252     CNP Assurances   3,413,559 
 434,811     Compagnie de Saint-Gobain   15,004,452 
 992,062     Credit Agricole S.A.   11,330,757 
 530,247     Danone   38,587,008 
 2,089     Dassault Aviation S.A.   3,110,780 
 110,539     Dassault Systemes S.A.   13,854,026 
 208,765     Edenred   8,454,319 
 67,215     Eiffage S.A.   6,297,116 
 526,778     Electricite de France   8,719,499 
 248,485     Essilor International S.A.   31,477,848 
 37,069     Eurazeo   2,755,222 
 159,216     Eutelsat Communications   3,376,444 
 67,737     Faurecia   2,963,457 
 38,923     Fonciere Des Regions   3,978,498 
 1,563,526     Gaz de France   25,065,378 
 38,288     Gecina S.A.   5,626,899 
 389,674     Groupe Eurotunnel S.A.   5,698,884 
 27,374     Hermes International   16,404,960 
 26,522     Icade   2,233,407 
 22,828     Iliad S.A.   2,613,635 
 34,288     Imerys S.A.   1,806,568 
 50,495     Ingenico   2,752,371 
 32,875     Ipsen   4,136,873 
 61,244     JC Decaux S.A.   1,814,453 
 65,378     Kering   32,788,535 
 177,537     Klepierre   6,084,007 
 226,407     Legrand S.A.   13,413,806 
 216,217     L’Oreal S.A.   52,113,714 
 239,550     LVMH Moet Hennessy Louis Vuitton S.A.   76,847,683 
 145,697     Michelin (C.G.D.E.) (Class B)   15,825,883 
 808,773     Natixis   4,145,836 
 1,715,903     Orange S. A.   26,614,330 
 181,461     Pernod-Ricard S.A.   30,106,768 
 503,313     Peugeot S.A.   12,661,038 
 179,450     Publicis Groupe S.A.   10,957,204 
 19,020     Remy Cointreau S.A.   2,208,767 
 164,971     Renault S.A.   11,674,165 
 256,312     Rexel S.A.   2,922,622 
 286,421     Safran S.A.   37,632,608 
 971,471     Sanofi-Aventis   84,438,199 
 22,817     Sartorius Stedim Biotech   2,515,015 
 470,954     Schneider Electric S.A.   33,495,009 
 140,414     SCOR SE   5,908,586 
 19,514     SEB S.A.   2,992,256 

308

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
 21,953     Societe BIC S.A.  $2,198,612 
 677,029     Societe Generale   21,109,422 
 77,786  e  Sodexho Alliance S.A.   8,097,613 
 324,610     Suez Environnement S.A.   4,155,770 
 50,090     Teleperformance   8,620,535 
 90,235     Thales S.A.   9,979,026 
 2,068,451     Total S.A.   113,394,802 
 71,134  *  Ubisoft Entertainment   6,312,891 
 122,566     Unibail-Rodamco-Westfield   22,043,694 
 208,062     Valeo S.A.   6,508,931 
 464,626     Veolia Environnement   9,815,526 
 437,530     Vinci S.A.   38,498,435 
 897,767     Vivendi Universal S.A.   22,892,130 
 24,007     Wendel   2,925,382 
       TOTAL FRANCE   1,228,428,135 
             
GERMANY - 8.5%     
 161,946     Adidas-Salomon AG.   38,533,610 
 370,788     Allianz AG.   78,670,984 
 683,341     Aroundtown S.A.   6,044,582 
 45,026     Axel Springer AG.   2,756,861 
 790,790     BASF SE   57,931,398 
 806,453     Bayer AG.   61,125,711 
 282,557     Bayerische Motoren Werke AG.   23,805,530 
 46,057     Bayerische Motoren Werke AG. (Preference)   3,404,197 
 87,498     Beiersdorf AG.   8,758,708 
 137,318     Brenntag AG.   6,501,683 
 868,478  *  Commerzbank AG.   6,250,762 
 94,661     Continental AG.   14,959,884 
 169,417  g  Covestro AG.   9,361,912 
 783,440     Daimler AG. (Registered)   46,410,147 
 80,979  *,g  Delivery Hero AG.   2,990,823 
 420,026     Deutsche Annington Immobilien SE   21,109,912 
 1,674,446     Deutsche Bank AG. (Registered)   14,884,678 
 165,183     Deutsche Boerse AG.   21,993,772 
 201,343     Deutsche Lufthansa AG.   5,083,116 
 844,916     Deutsche Post AG.   24,955,523 
 2,859,768     Deutsche Telekom AG.   46,502,271 
 307,003     Deutsche Wohnen AG.   15,337,043 
 46,192     Drillisch AG.   1,921,938 
 1,884,735     E.ON AG.   20,951,421 
 136,649     Evonik Industries AG.   3,737,151 
 34,500     Fraport AG. Frankfurt Airport Services Worldwide   2,726,670 
 187,733     Fresenius Medical Care AG.   13,807,782 
 362,014     Fresenius SE   18,770,406 
 64,284     Fuchs Petrolub AG. (Preference)   3,015,571 
 144,913     GEA Group AG.   3,992,429 
 51,011     Hannover Rueckversicherung AG.   7,362,603 
 130,168     HeidelbergCement AG.   9,013,762 
 95,036     Henkel KGaA   8,711,114 
 157,712     Henkel KGaA (Preference)   15,350,728 
 18,083     Hochtief AG.   2,704,625 
 57,526     Hugo Boss AG.   4,124,623 
309

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
 973,137     Infineon Technologies AG.  $21,645,940 
 128,775  g  Innogy SE   6,101,155 
 63,441     KION Group AG.   3,662,990 
 74,989     Lanxess AG.   4,127,474 
 109,998     Merck KGaA   11,549,686 
 157,218     Metro Wholesale & Food Specialist AG.   2,660,584 
 45,285     MTU Aero Engines Holding AG.   9,765,357 
 128,117     Muenchener Rueckver AG.   28,590,621 
 90,364     Osram Licht AG.   3,845,153 
 129,591     Porsche AG.   8,426,910 
 199,696     ProSiebenSat. Media AG.   3,564,688 
 2,223     Puma AG. Rudolf Dassler Sport   1,237,872 
 5,203     Puma SE   2,897,278 
 452,681     RWE AG.   11,258,914 
 847,074     SAP AG.   87,591,827 
 31,058     Sartorius AG.   4,662,272 
 658,099     Siemens AG.   72,257,827 
 129,103  *,g  Siemens Healthineers AG.   5,094,604 
 105,351     Symrise AG.   8,750,554 
 633,408     Telefonica Deutschland Holding AG.   2,220,636 
 374,689  *  ThyssenKrupp AG.   6,659,003 
 364,675     TUI AG. (DI)   5,521,699 
 177,175     Uniper SE   5,137,493 
 108,847     United Internet AG.   4,318,638 
 29,205     Volkswagen AG.   5,094,901 
 160,053     Volkswagen AG. (Preference)   27,299,699 
 102,394     Wirecard AG.   16,978,751 
 93,008  *,g  Zalando SE   2,837,990 
       TOTAL GERMANY   1,007,324,446 
             
HONG KONG - 3.5%     
 10,399,138     AIA Group Ltd   93,899,074 
 256,912     ASM Pacific Technology   2,768,039 
 1,134,140     Bank of East Asia Ltd   3,825,527 
 3,150,544     BOC Hong Kong Holdings Ltd   12,173,447 
 2,238,803     CK Asset Holdings Ltd   18,848,046 
 2,305,099     CK Hutchison Holdings Ltd   23,279,654 
 563,869     CK Infrastructure Holdings Ltd   4,552,612 
 1,407,459     CLP Holdings Ltd   16,392,753 
 306,515     Dairy Farm International Holdings Ltd   2,773,867 
 653,832     Hang Lung Group Ltd   1,921,453 
 1,824,971     Hang Lung Properties Ltd   3,996,035 
 661,668     Hang Seng Bank Ltd   15,222,914 
 1,106,462     Henderson Land Development Co Ltd   6,289,922 
 2,363,627     HK Electric Investments & HK Electric Investments Ltd   2,406,655 
 3,202,931     HKT Trust and HKT Ltd   4,723,566 
 7,972,269     Hong Kong & China Gas Ltd   17,324,107 
 1,198,485     Hong Kong Electric Holdings Ltd   8,073,631 
 1,018,631     Hong Kong Exchanges and Clearing Ltd   31,872,061 
 1,029,555     Hongkong Land Holdings Ltd   7,406,513 
 530,727     Hysan Development Co Ltd   2,761,825 
 192,661     Jardine Matheson Holdings Ltd   12,887,988 
 190,250     Jardine Strategic Holdings Ltd   7,293,425 
310

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
 566,448     Kerry Properties Ltd  $2,352,753 
 1,845,607     Link REIT   20,287,170 
 221,445     Melco Crown Entertainment Ltd (ADR)   4,778,783 
 1,386,897     MTR Corp   7,756,586 
 5,146,049     New World Development Co Ltd   8,116,085 
 1,387,078     NWS Holdings Ltd   3,172,153 
 3,698,780     PCCW Ltd   2,201,843 
 1,191,834     Shangri-La Asia Ltd   1,556,317 
 2,890,781     Sino Land Co   5,198,450 
 1,734,375     SJM Holdings Ltd   1,831,727 
 1,353,019     Sun Hung Kai Properties Ltd   22,693,575 
 412,946     Swire Pacific Ltd (Class A)   4,890,607 
 1,041,854     Swire Properties Ltd   4,066,543 
 1,174,931     Techtronic Industries Co   6,858,714 
 7,450,186  g  WH Group Ltd   6,388,802 
 1,037,048     Wharf Holdings Ltd   3,134,478 
 1,044,914     Wharf Real Estate Investment Co Ltd   7,148,232 
 691,194     Wheelock & Co Ltd   4,430,984 
 708,957     Yue Yuen Industrial Holdings   2,418,122 
       TOTAL HONG KONG   419,975,038 
             
IRELAND - 0.6%     
 110,672  *  AerCap Holdings NV   5,230,359 
 690,730     AIB Group plc   3,092,182 
 827,070     Bank of Ireland Group plc   4,962,895 
 715,994     CRH plc   20,609,586 
 67,097  *,†  Irish Bank Resolution Corp Ltd   0 
 367,662     James Hardie Industries NV   4,095,083 
 135,078     Kerry Group plc (Class A)   13,792,601 
 129,087     Kingspan Group plc   5,279,500 
 73,712     Paddy Power plc   6,028,288 
 39,474  *  Ryanair Holdings plc   496,448 
 14,431  *  Ryanair Holdings plc (ADR)   1,024,601 
 192,208     Smurfit Kappa Group plc   5,542,461 
       TOTAL IRELAND   70,154,004 
             
ISRAEL - 0.6%     
 36,426     Azrieli Group   1,939,332 
 912,439     Bank Hapoalim Ltd   6,184,698 
 1,309,765     Bank Leumi Le-Israel   8,659,376 
 1,759,846     Bezeq Israeli Telecommunication Corp Ltd   1,411,525 
 108,383  *  Check Point Software Technologies   12,130,225 
 21,040     Elbit Systems Ltd   2,606,259 
 609,600     Israel Chemicals Ltd   3,538,168 
 118,986     Mizrahi Tefahot Bank Ltd   2,213,472 
 51,927  *  Nice Systems Ltd   5,724,729 
 832,270  *  Teva Pharmaceutical Industries Ltd (ADR)   16,520,560 
 36,945  *  Wix.com Ltd   4,039,936 
       TOTAL ISRAEL   64,968,280 
             
ITALY - 1.9%     
 1,008,555     Assicurazioni Generali S.p.A.   17,657,037 
 429,563     Autostrade S.p.A.   10,167,365 
311

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
 12,992,640     Banca Intesa S.p.A.  $29,728,761 
 486,571     Davide Campari-Milano S.p.A   4,371,633 
 6,997,153     Enel S.p.A.   42,290,205 
 2,185,995     ENI S.p.A.   37,065,339 
 106,161     Ferrari NV   13,218,117 
 341,073     Finmeccanica S.p.A.   3,305,013 
 548,795     Mediobanca S.p.A.   4,782,610 
 152,792     Moncler S.p.A   5,750,274 
 353,707  *,g  Pirelli & C S.p.A   2,311,952 
 425,282  g  Poste Italiane S.p.A   3,662,398 
 202,791     Prysmian S.p.A.   4,356,617 
 88,137     Recordati S.p.A.   3,193,763 
 1,982,790     Snam Rete Gas S.p.A.   9,468,472 
 5,218,227     Telecom Italia RSP   2,553,519 
 9,848,158  *  Telecom Italia S.p.A.   5,479,562 
 1,240,777     Terna Rete Elettrica Nazionale S.p.A.   7,646,983 
 1,746,560     UniCredit S.p.A.   20,191,057 
       TOTAL ITALY   227,200,677 
             
JAPAN - 23.9%     
 30,283     ABC-Mart, Inc   1,739,845 
 341,074     Acom Co Ltd   1,195,731 
 529,745     Aeon Co Ltd   10,781,499 
 100,873     AEON Financial Service Co Ltd   1,956,270 
 98,714     Aeon Mall Co Ltd   1,640,891 
 128,173     Air Water, Inc   2,138,352 
 142,221     Aisin Seiki Co Ltd   5,622,650 
 396,788     Ajinomoto Co, Inc   6,870,251 
 161,761     Alfresa Holdings Corp   4,458,350 
 100,680     All Nippon Airways Co Ltd   3,711,045 
 165,080     Alps Electric Co Ltd   3,479,994 
 275,396     Amada Co Ltd   2,771,824 
 94,388     Aozora Bank Ltd   2,907,180 
 313,721     Asahi Breweries Ltd   13,141,597 
 159,673     Asahi Glass Co Ltd   5,411,365 
 82,100     Asahi Intecc Co Ltd   3,573,165 
 1,069,365     Asahi Kasei Corp   11,733,509 
 690,899     Ashikaga Holdings Co Ltd   1,937,146 
 135,191     Asics Corp   1,956,892 
 1,625,861     Astellas Pharma, Inc   24,124,888 
 46,899     Bank of Kyoto Ltd   1,993,671 
 62,434     Benesse Holdings Inc   1,630,003 
 1,533     BLife Investment Corp   3,610,007 
 525,712     Bridgestone Corp   20,235,382 
 183,761     Brother Industries Ltd   3,101,144 
 70,889     Calbee, Inc   2,282,770 
 849,777     Canon, Inc   24,439,764 
 167,243  e  Casio Computer Co Ltd   2,224,257 
 123,071     Central Japan Railway Co   26,598,379 
 40,016     Century Leasing System, Inc   1,873,504 
 506,843     Chiba Bank Ltd   3,085,210 
 510,972     Chubu Electric Power Co, Inc   8,087,941 
 193,748     Chugai Pharmaceutical Co Ltd   11,440,129 

312

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
 234,003     Chugoku Electric Power Co, Inc  $3,202,146 
 120,264     Coca-Cola West Japan Co Ltd   3,714,739 
 906,123     Concordia Financial Group Ltd   3,737,446 
 145,121     Credit Saison Co Ltd   1,912,270 
 87,800     CyberAgent, Inc   2,843,791 
 220,533     Dai Nippon Printing Co Ltd   5,104,238 
 208,931     Daicel Chemical Industries Ltd   2,191,336 
 88,489     Daifuku Co Ltd   4,447,100 
 928,446     Dai-ichi Mutual Life Insurance Co   15,075,169 
 490,430     Daiichi Sankyo Co Ltd   17,011,973 
 212,580     Daikin Industries Ltd   23,009,900 
 60,959     Daito Trust Construction Co Ltd   8,466,725 
 479,894     Daiwa House Industry Co Ltd   15,558,802 
 1,397,272     Daiwa Securities Group, Inc   6,968,553 
 98,517     Dena Co Ltd   1,743,167 
 373,353     Denso Corp   17,172,992 
 185,647     Dentsu, Inc   8,805,990 
 24,285     Disco Corp   3,605,234 
 105,293     Don Quijote Co Ltd   6,122,909 
 263,881     East Japan Railway Co   24,448,485 
 218,496     Eisai Co Ltd   16,965,446 
 125,949     Electric Power Development Co   3,150,153 
 56,286     FamilyMart Co Ltd   6,593,484 
 166,029     Fanuc Ltd   28,238,480 
 50,460     Fast Retailing Co Ltd   23,156,411 
 105,399     Fuji Electric Holdings Co Ltd   3,257,350 
 541,996     Fuji Heavy Industries Ltd   12,727,180 
 332,986     Fujifilm Holdings Corp   14,307,122 
 168,412     Fujitsu Ltd   11,303,036 
 129,193     Fukuoka Financial Group, Inc   2,854,186 
 38,600     Growell Holdings Co Ltd   1,464,089 
 201,981     Hakuhodo DY Holdings, Inc   3,108,448 
 119,066     Hamamatsu Photonics KK   4,263,239 
 191,037     Hankyu Hanshin Holdings, Inc   6,819,005 
 18,583     Hikari Tsushin, Inc   2,978,544 
 214,437     Hino Motors Ltd   2,152,951 
 28,167  *  Hirose Electric Co Ltd   3,025,447 
 50,045     Hisamitsu Pharmaceutical Co, Inc   2,562,810 
 100,582     Hitachi Chemical Co Ltd   1,659,066 
 97,337     Hitachi Construction Machinery Co Ltd   2,472,045 
 58,796     Hitachi High-Technologies Corp   2,124,892 
 833,255     Hitachi Ltd   26,212,932 
 184,646     Hitachi Metals Ltd   2,077,269 
 1,401,625     Honda Motor Co Ltd   42,079,520 
 47,292     Hoshizaki Electric Co Ltd   3,358,347 
 328,396     Hoya Corp   19,059,233 
 242,655     Hulic Co Ltd   2,239,076 
 123,255     Idemitsu Kosan Co Ltd   4,349,351 
 119,263     Iida Group Holdings Co Ltd   2,170,447 
 889,917     Inpex Holdings, Inc   8,554,255 
 294,751     Isetan Mitsukoshi Holdings Ltd   3,033,403 
 130,138     Ishikawajima-Harima Heavy Industries Co Ltd   4,121,679 
 471,964     Isuzu Motors Ltd   7,020,627 

313

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
 1,217,032     Itochu Corp  $22,325,475 
 202,540     J Front Retailing Co Ltd   2,321,567 
 102,057     Japan Airlines Co Ltd   3,715,738 
 38,345     Japan Airport Terminal Co Ltd   1,469,234 
 343,532     Japan Post Bank Co Ltd   3,998,321 
 1,364,164     Japan Post Holdings Co Ltd   16,769,683 
 703     Japan Prime Realty Investment Corp   2,867,236 
 1,118     Japan Real Estate Investment Corp   6,553,294 
 2,239     Japan Retail Fund Investment Corp   4,593,106 
 967,070     Japan Tobacco, Inc   24,482,082 
 421,107     JFE Holdings, Inc   7,423,025 
 181,107     JGC Corp   2,778,651 
 158,198     JSR Corp   2,557,812 
 179,632     JTEKT Corp   2,333,090 
 2,801,800     JX Holdings, Inc   15,303,794 
 393,410     Kajima Corp   5,596,124 
 114,445     Kakaku.com, Inc   2,009,173 
 107,555     Kamigumi Co Ltd   2,381,064 
 41,294     Kaneka Corp   1,614,381 
 615,648     Kansai Electric Power Co, Inc   9,371,091 
 147,383     Kansai Paint Co Ltd   2,586,131 
 425,310     Kao Corp   30,068,708 
 117,100     Kawasaki Heavy Industries Ltd   2,950,175 
 1,519,832     KDDI Corp   37,972,437 
 79,738     Keihan Electric Railway Co Ltd   3,288,160 
 191,234     Keihin Electric Express Railway Co Ltd   3,257,111 
 85,146     Keio Corp   4,891,420 
 104,416     Keisei Electric Railway Co Ltd   3,310,509 
 83,911     Keyence Corp   43,181,867 
 125,060     Kikkoman Corp   6,653,173 
 154,462     Kintetsu Corp   6,741,236 
 700,678     Kirin Brewery Co Ltd   16,727,894 
 43,064     Kobayashi Pharmaceutical Co Ltd   2,736,864 
 280,705     Kobe Steel Ltd   2,254,964 
 87,997     Koito Manufacturing Co Ltd   5,299,501 
 790,334     Komatsu Ltd   20,811,172 
 78,656     Konami Corp   3,612,435 
 381,484     Konica Minolta Holdings, Inc   3,841,165 
 25,563     Kose Corp   3,752,581 
 850,075     Kubota Corp   13,477,136 
 271,856     Kuraray Co Ltd   4,180,773 
 82,786     Kurita Water Industries Ltd   2,104,691 
 278,850     Kyocera Corp   15,705,591 
 227,394     Kyowa Hakko Kogyo Co Ltd   4,359,553 
 314,233     Kyushu Electric Power Co, Inc   3,893,777 
 133,421     Kyushu Railway Co   4,555,307 
 43,458     Lawson, Inc   2,678,822 
 68,026  *,e  LINE Corp   2,449,459 
 186,809     Lion Corp   3,893,282 
 232,646     LIXIL Group Corp   3,426,132 
 365,362     M3, Inc   5,287,873 
 194,146     Makita Corp   6,878,943 
 1,349,219     Marubeni Corp   10,516,617 

314

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
 167,342     Marui Co Ltd  $3,397,873 
 59,280     Maruichi Steel Tube Ltd   1,904,082 
 516,857     Mazda Motor Corp   5,720,178 
 57,911     McDonald’s Holdings Co Japan Ltd   2,563,109 
 143,548     Mediceo Paltac Holdings Co Ltd   3,313,249 
 106,177     MEIJI Holdings Co Ltd   8,210,143 
 339,172     Minebea Co Ltd   5,579,060 
 249,906     MISUMI Group, Inc   5,720,114 
 1,093,995     Mitsubishi Chemical Holdings Corp   9,401,281 
 1,158,755     Mitsubishi Corp   33,961,043 
 1,549,011     Mitsubishi Electric Corp   19,491,646 
 1,010,100     Mitsubishi Estate Co Ltd   17,890,364 
 134,404     Mitsubishi Gas Chemical Co, Inc   2,125,819 
 273,248     Mitsubishi Heavy Industries Ltd   10,565,307 
 98,417     Mitsubishi Materials Corp   2,817,245 
 563,278     Mitsubishi Motors Corp   3,499,745 
 10,130,192     Mitsubishi UFJ Financial Group, Inc   54,337,515 
 384,237     Mitsubishi UFJ Lease & Finance Co Ltd   1,966,869 
 1,412,277     Mitsui & Co Ltd   23,073,666 
 157,510     Mitsui Chemicals, Inc   3,954,287 
 767,996     Mitsui Fudosan Co Ltd   18,658,348 
 98,321     Mitsui OSK Lines Ltd   2,456,644 
 402,509     Mitsui Sumitomo Insurance Group Holdings, Inc   11,915,694 
 283,109     Mitsui Trust Holdings, Inc   10,723,988 
 20,597,526     Mizuho Financial Group, Inc   33,807,898 
 117,000     MonotaRO Co Ltd   2,498,297 
 156,346     Murata Manufacturing Co Ltd   23,485,637 
 103,377     Nabtesco Corp   2,735,037 
 162,721     Nagoya Railroad Co Ltd   4,306,405 
 169,898     Namco Bandai Holdings, Inc   7,505,531 
 231,825     NEC Corp   7,790,471 
 381,189  *  Nexon Co Ltd   5,799,207 
 239,438     NGK Insulators Ltd   3,682,165 
 141,275     NGK Spark Plug Co Ltd   3,043,900 
 193,191     Nidec Corp   23,232,778 
 273,626     Nikon Corp   4,678,572 
 98,178     Nintendo Co Ltd   29,776,202 
 1,171     Nippon Building Fund, Inc   7,576,931 
 76,395     Nippon Electric Glass Co Ltd   2,127,496 
 64,990     Nippon Express Co Ltd   4,112,638 
 75,805  *  Nippon Meat Packers, Inc   2,999,714 
 130,439     Nippon Paint Co Ltd   4,377,618 
 1,536     Nippon ProLogis REIT, Inc   3,349,840 
 691,346     Nippon Steel Corp   12,802,562 
 594,713     Nippon Telegraph & Telephone Corp   25,565,621 
 129,390     Nippon Yusen Kabushiki Kaisha   2,166,255 
 106,874     Nissan Chemical Industries Ltd   5,682,383 
 1,994,288     Nissan Motor Co Ltd   17,031,210 
 169,210     Nisshin Seifun Group, Inc   3,414,656 
 54,660     Nissin Food Products Co Ltd   3,479,801 
 68,771     Nitori Co Ltd   8,955,333 
 142,257     Nitto Denko Corp   8,046,799 
 282,475     NKSJ Holdings, Inc   10,650,490 

315

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
 2,918,352     Nomura Holdings, Inc  $11,395,645 
 106,874     Nomura Real Estate Holdings, Inc   2,075,662 
 3,419     Nomura Real Estate Master Fund, Inc   4,899,541 
 94,191     Nomura Research Institute Ltd   3,854,486 
 297,027     NSK Ltd   2,897,135 
 540,208     NTT Data Corp   6,439,928 
 1,133,797     NTT DoCoMo, Inc   27,241,501 
 559,682     Obayashi Corp   5,325,528 
 57,486     Obic Co Ltd   5,447,842 
 254,060     Odakyu Electric Railway Co Ltd   5,709,014 
 750,143     OJI Paper Co Ltd   4,343,769 
 249,892     Olympus Corp   10,250,829 
 163,999     Omron Corp   6,735,150 
 324,980     Ono Pharmaceutical Co Ltd   7,099,530 
 37,889     Oracle Corp Japan   2,760,560 
 172,080     Oriental Land Co Ltd   17,644,023 
 1,137,630     ORIX Corp   17,159,800 
 337,395     Osaka Gas Co Ltd   6,679,883 
 423,663     Osaka Securities Exchange Co Ltd   7,460,144 
 89,373     Otsuka Corp   2,892,830 
 337,085     Otsuka Holdings KK   13,825,700 
 1,890,398     Panasonic Corp   18,511,193 
 98,034     Park24 Co Ltd   2,339,362 
 97,100  e  Pigeon Corp   3,807,036 
 78,656     Pola Orbis Holdings, Inc   2,352,571 
 743,697     Rakuten, Inc   5,614,753 
 951,473     Recruit Holdings Co Ltd   25,538,020 
 702,599  *  Renesas Electronics Corp   4,050,825 
 1,817,834     Resona Holdings, Inc   9,184,757 
 569,080     Ricoh Co Ltd   6,062,339 
 28,218     Rinnai Corp   1,868,338 
 81,114     Rohm Co Ltd   5,724,991 
 20,569     Ryohin Keikaku Co Ltd   4,902,397 
 37,853     Sankyo Co Ltd   1,467,032 
 318,543     Santen Pharmaceutical Co Ltd   4,406,219 
 200,318     SBI Holdings, Inc   4,279,148 
 183,565     Secom Co Ltd   15,368,416 
 147,383     Sega Sammy Holdings, Inc   2,077,080 
 182,975     Seibu Holdings, Inc   3,178,798 
 242,557     Seiko Epson Corp   3,775,398 
 316,887     Sekisui Chemical Co Ltd   4,918,564 
 523,872  e  Sekisui House Ltd   7,829,472 
 648,388     Seven & I Holdings Co Ltd   28,232,746 
 589,976     Seven Bank Ltd   1,757,435 
 89,402     SG Holdings Co Ltd   2,399,838 
 179,815     Sharp Corp   1,914,433 
 198,865     Shimadzu Corp   4,573,393 
 18,878     Shimamura Co Ltd   1,634,755 
 63,810     Shimano, Inc   8,953,575 
 486,650     Shimizu Corp   4,141,487 
 312,601     Shin-Etsu Chemical Co Ltd   26,357,452 
 134,896     Shinsei Bank Ltd   1,826,378 
 234,680     Shionogi & Co Ltd   14,474,515 

316

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
 330,730     Shiseido Co Ltd  $19,674,042 
 401,148     Shizuoka Bank Ltd   3,356,526 
 118,492     Showa Denko KK   3,979,856 
 163,507     Showa Shell Sekiyu KK   2,436,125 
 49,491     SMC Corp   16,334,362 
 1,448,800  *  Softbank Corp   17,863,102 
 712,436     Softbank Group Corp   56,114,112 
 58,206     Sohgo Security Services Co Ltd   2,540,669 
 1,095,245     Sony Corp   54,879,365 
 147,579     Sony Financial Holdings, Inc   2,808,252 
 109,529     Stanley Electric Co Ltd   3,181,273 
 180,633     Start Today Co Ltd   3,655,042 
 224,399     Sumco Corp   3,124,358 
 1,271,294     Sumitomo Chemical Co Ltd   6,631,812 
 969,026     Sumitomo Corp   15,003,937 
 145,665     Sumitomo Dainippon Pharma Co Ltd   3,429,529 
 633,283     Sumitomo Electric Industries Ltd   9,023,234 
 98,517     Sumitomo Heavy Industries Ltd   3,342,005 
 200,645     Sumitomo Metal Mining Co Ltd   5,803,233 
 1,138,762     Sumitomo Mitsui Financial Group, Inc   42,364,188 
 305,445     Sumitomo Realty & Development Co Ltd   11,664,905 
 156,533     Sumitomo Rubber Industries, Inc   2,175,838 
 61,057     Sundrug Co Ltd   1,953,964 
 124,650     Suntory Beverage & Food Ltd   5,519,084 
 61,352     Suzuken Co Ltd   3,221,322 
 298,240     Suzuki Motor Corp   15,574,255 
 143,425     Sysmex Corp   7,995,479 
 479,549     T&D Holdings, Inc   5,953,160 
 104,998     Taiheiyo Cement Corp   3,604,973 
 183,397     Taisei Corp   8,634,765 
 31,758     Taisho Pharmaceutical Holdings Co Ltd   3,225,630 
 119,558     Taiyo Nippon Sanso Corp   1,894,699 
 110,119     Takashimaya Co Ltd   1,496,501 
 1,274,173     Takeda Pharmaceutical Co Ltd   51,442,492 
 230,355     Tanabe Seiyaku Co Ltd   3,608,875 
 112,049     TDK Corp   8,867,107 
 154,560     Teijin Ltd   2,671,241 
 153,872     Temp Holdings Co Ltd   2,739,811 
 262,227     Terumo Corp   14,971,079 
 106,285     THK Co Ltd   2,539,232 
 164,490     Tobu Railway Co Ltd   4,645,577 
 97,042     Toho Co Ltd   3,540,011 
 63,220     Toho Gas Co Ltd   2,715,452 
 360,837     Tohoku Electric Power Co, Inc   4,892,080 
 580,243     Tokio Marine Holdings, Inc   28,412,000 
 1,275,718  *  Tokyo Electric Power Co, Inc   7,851,969 
 134,743     Tokyo Electron Ltd   19,675,259 
 344,105     Tokyo Gas Co Ltd   9,048,313 
 418,944     Tokyu Corp   7,170,043 
 517,824     Tokyu Fudosan Holdings Corp   2,821,127 
 205,490     Toppan Printing Co Ltd   3,367,778 
 1,225,861     Toray Industries, Inc   9,084,971 
 567,487  *  Toshiba Corp   17,970,447 

317

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
 214,830     Tosoh Corp  $3,051,132 
 123,632     Toto Ltd   4,801,167 
 133,224     Toyo Seikan Kaisha Ltd   2,998,789 
 81,999     Toyo Suisan Kaisha Ltd   2,951,802 
 58,599     Toyoda Gosei Co Ltd   1,282,081 
 121,033     Toyota Industries Corp   5,996,102 
 1,967,786     Toyota Motor Corp   121,117,401 
 182,844     Toyota Tsusho Corp   5,815,487 
 103,331     Trend Micro, Inc   5,497,915 
 31,659     Tsuruha Holdings, Inc   2,930,547 
 344,222     Uni-Charm Corp   10,652,847 
 2,686     United Urban Investment Corp   4,288,459 
 186,023     USS Co Ltd   3,257,198 
 141,077     West Japan Railway Co   10,303,714 
 2,409,919     Yahoo! Japan Corp   6,513,894 
 101,011     Yakult Honsha Co Ltd   6,741,235 
 542,140  e  Yamada Denki Co Ltd   2,669,762 
 166,162     Yamaguchi Financial Group, Inc   1,689,091 
 120,660     Yamaha Corp   5,280,510 
 246,479     Yamaha Motor Co Ltd   5,282,948 
 264,974     Yamato Transport Co Ltd   7,060,361 
 100,877     Yamazaki Baking Co Ltd   1,981,475 
 206,965     Yaskawa Electric Corp   5,857,695 
 194,773     Yokogawa Electric Corp   3,627,288 
 109,332     Yokohama Rubber Co Ltd   2,319,026 
       TOTAL JAPAN   2,838,218,812 
             
LUXEMBOURG - 0.3%     
 574,391     ArcelorMittal   13,266,839 
 9,880     Eurofins Scientific   3,970,648 
 55,050     Millicom International Cellular S.A.   3,447,821 
 37,074     RTL Group   2,027,880 
 326,339     SES Global S.A.   6,651,194 
 404,942     Tenaris S.A.   5,086,558 
       TOTAL LUXEMBOURG   34,450,940 
             
MACAU - 0.3%     
 2,029,361     Galaxy Entertainment Group Ltd   14,129,709 
 853,029     MGM China Holdings Ltd   1,656,296 
 2,056,867     Sands China Ltd   9,867,458 
 1,343,453     Wynn Macau Ltd   3,297,827 
       TOTAL MACAU   28,951,290 
             
MEXICO - 0.0%     
 187,728     Fresnillo plc   2,478,556 
       TOTAL MEXICO   2,478,556 
             
NETHERLANDS - 4.5%     
 357,560  g  ABN AMRO Group NV (ADR)   8,916,100 
 1,532,669     Aegon NV   7,895,910 
 193,434     Akzo Nobel NV   16,648,350 
 353,390     ASML Holding NV   61,796,419 
 154,659     DSM NV   14,463,110 

318

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
 95,876     EXOR NV  $6,129,534 
 102,084     Heineken Holding NV   8,862,179 
 226,554     Heineken NV   20,348,862 
 3,403,852     ING Groep NV   40,389,455 
 1,071,836     Koninklijke Ahold Delhaize NV   28,238,698 
 2,808,773     Koninklijke KPN NV   8,634,784 
 815,360     Koninklijke Philips Electronics NV   32,145,625 
 57,697     Koninklijke Vopak NV   2,932,110 
 259,449     NN Group NV   10,955,842 
 299,367     NXP Semiconductors NV   26,053,910 
 99,889     Randstad Holdings NV   4,815,093 
 3,964,261     Royal Dutch Shell plc (A Shares)   122,893,760 
 3,230,967     Royal Dutch Shell plc (B Shares)   100,317,129 
 250,221     Wolters Kluwer NV   15,561,478 
       TOTAL NETHERLANDS   537,998,348 
             
NEW ZEALAND - 0.2%     
 638,321  *,e  a2 Milk Co Ltd   5,613,714 
 809,662     Auckland International Airport Ltd   4,120,849 
 519,458     Fisher & Paykel Healthcare Corp   4,520,849 
 763,101  e  Fletcher Building Ltd   2,637,277 
 1,002,289     Meridian Energy Ltd   2,442,278 
 334,633     Ryman Healthcare Ltd   2,424,804 
 1,541,003     Telecom Corp of New Zealand Ltd   4,331,907 
       TOTAL NEW ZEALAND   26,091,678 
             
NORWAY - 0.7%     
 96,625     Aker BP ASA   3,219,575 
 825,576     DNB NOR Holding ASA   14,653,331 
 190,937     Gjensidige Forsikring BA   3,298,076 
 1,176,043     Norsk Hydro ASA   5,452,165 
 699,301     Orkla ASA   5,651,976 
 352,481     PAN Fish ASA   7,786,494 
 84,663     Schibsted ASA (B Shares)   2,688,037 
 1,000,553     Statoil ASA   22,878,828 
 639,588     Telenor ASA   12,108,637 
 152,867     Yara International ASA   6,321,224 
       TOTAL NORWAY   84,058,343 
             
PORTUGAL - 0.2%     
 2,254,595     Energias de Portugal S.A.   8,235,153 
 426,361     Galp Energia SGPS S.A.   6,661,682 
 203,207     Jeronimo Martins SGPS S.A.   2,879,882 
       TOTAL PORTUGAL   17,776,717 
             
SINGAPORE - 1.3%     
 2,269,542     Ascendas REIT   4,628,372 
 2,298,237     CapitaCommercial Trust   3,217,202 
 2,198,826     CapitaLand Ltd   5,451,367 
 2,106,745     CapitaMall Trust   3,762,116 
 331,045     City Developments Ltd   2,265,804 
 1,922,629     ComfortDelgro Corp Ltd   3,336,210 
 1,529,705     DBS Group Holdings Ltd   27,263,243 

319

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
 4,895,284     Genting Singapore Ltd  $4,011,762 
 5,706,672     Golden Agri-Resources Ltd   1,076,917 
 85,744     Jardine Cycle & Carriage Ltd   2,409,434 
 1,281,165     Keppel Corp Ltd   5,825,720 
 2,699,503     Oversea-Chinese Banking Corp   23,158,188 
 877,845     SembCorp Industries Ltd   1,693,555 
 471,086     Singapore Airlines Ltd   3,384,276 
 630,825     Singapore Airport Terminal Services Ltd   2,275,649 
 722,460     Singapore Exchange Ltd   4,108,206 
 1,281,216  e  Singapore Press Holdings Ltd   2,393,332 
 1,330,671     Singapore Technologies Engineering Ltd   3,684,909 
 6,970,303     Singapore Telecommunications Ltd   15,672,070 
 296,896     Singapore Telecommunications Ltd   661,729 
 1,875,564     Suntec Real Estate Investment Trust   2,691,152 
 1,146,488     United Overseas Bank Ltd   21,486,555 
 391,097     UOL Group Ltd   1,935,439 
 251,013     Venture Corp Ltd   3,048,991 
 1,663,056     Wilmar International Ltd   4,118,984 
       TOTAL SINGAPORE   153,561,182 
             
SOUTH AFRICA - 0.2%     
 909,684     Anglo American plc (London)   23,247,679 
 596,426     Investec plc   3,833,724 
       TOTAL SOUTH AFRICA   27,081,403 
             
SPAIN - 2.9%     
 218,512     ACS Actividades Construccion y Servicios S.A.   9,042,929 
 59,203  g  Aena S.A.   10,233,648 
 377,941     Amadeus IT Holding S.A.   27,483,263 
 5,823,538     Banco Bilbao Vizcaya Argentaria S.A.   34,563,561 
 4,767,804     Banco de Sabadell S.A.   5,466,782 
 14,009,377  e  Banco Santander S.A.   66,441,323 
 1,018,256  e  Bankia S.A.   2,968,190 
 566,234     Bankinter S.A.   4,421,298 
 3,104,311     CaixaBank S.A.   11,740,496 
 887,216     Corp Mapfre S.A.   2,468,565 
 190,859     Enagas   5,563,148 
 265,298     Endesa S.A.   6,635,488 
 434,277     Ferrovial S.A.   9,738,609 
 302,394     Gas Natural SDG S.A.   8,453,374 
 255,109     Grifols S.A.   6,654,870 
 5,222,891     Iberdrola S.A.   43,169,687 
 116,064  *  Iberdrola S.A. (Interim)   959,327 
 936,792     Industria De Diseno Textil S.A.   26,205,071 
 372,547     Red Electrica Corp S.A.   8,585,503 
 1,190,633     Repsol YPF S.A.   20,899,235 
 199,939  *  Siemens Gamesa Renewable Energy   2,838,567 
 4,035,186     Telefonica S.A.   34,708,956 
       TOTAL SPAIN   349,241,890 
             
SWEDEN - 2.4%     
 253,398     Alfa Laval AB   5,744,996 
 868,951     Assa Abloy AB   16,192,121 

320

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
 570,873     Atlas Copco AB (A Shares)  $14,893,697 
 331,439     Atlas Copco AB (B Shares)   7,931,082 
 237,481     Boliden AB   5,943,732 
 209,576     Electrolux AB (Series B)   4,959,025 
 352,196  *  Epiroc AB   3,156,755 
 573,365  *  Epiroc AB (Class A)   5,505,637 
 2,663,733     Ericsson (LM) (B Shares)   23,743,102 
 529,483     Essity AB   14,650,021 
 761,198  e  Hennes & Mauritz AB (B Shares)   11,844,088 
 220,745     Hexagon AB (B Shares)   10,810,200 
 384,155     Husqvarna AB (B Shares)   2,936,171 
 69,477  e  ICA Gruppen AB   2,443,624 
 138,768     Industrivarden AB   2,860,863 
 204,999     Investment AB Kinnevik (B Shares)   5,008,924 
 393,744     Investor AB (B Shares)   17,317,405 
 58,062     Lundbergs AB (B Shares)   1,792,775 
 161,331     Lundin Petroleum AB   5,160,248 
 958,866     Sandvik AB   15,322,526 
 271,948     Securitas AB (B Shares)   4,372,899 
 1,385,373     Skandinaviska Enskilda Banken AB (Class A)   14,541,762 
 289,172     Skanska AB (B Shares)   5,063,451 
 315,240     SKF AB (B Shares)   5,309,968 
 1,324,799     Svenska Handelsbanken AB   14,406,990 
 785,415     Swedbank AB (A Shares)   17,841,832 
 153,738     Swedish Match AB   6,887,780 
 445,202     Tele2 AB (B Shares)   5,573,617 
 2,404,117     TeliaSonera AB   10,477,022 
 1,341,761     Volvo AB (B Shares)   19,334,599 
       TOTAL SWEDEN   282,026,912 
             
SWITZERLAND - 8.8%     
 1,585,580     ABB Ltd   30,349,125 
 142,582     Adecco S.A.   7,144,928 
 41,400     Baloise Holding AG.   6,411,944 
 1,765     Barry Callebaut AG.   3,002,761 
 446,204     Cie Financiere Richemont S.A.   30,755,902 
 180,681     Clariant AG.   3,588,876 
 173,786     Coca-Cola HBC AG.   5,840,795 
 2,190,574     Credit Suisse Group   26,627,181 
 28,436  e  Dufry Group   2,844,049 
 7,798     EMS-Chemie Holding AG.   3,894,832 
 32,557     Geberit AG.   12,727,553 
 7,971     Givaudan S.A.   19,338,098 
 9,849,139     Glencore Xstrata plc   40,049,761 
 418,459     Holcim Ltd   19,679,193 
 191,109     Julius Baer Group Ltd   7,681,097 
 50,627     Kuehne & Nagel International AG.   6,846,342 
 906     Lindt & Spruengli AG.   5,760,795 
 88     Lindt & Spruengli AG. (Registered)   6,459,852 
 63,895     Lonza Group AG.   16,880,937 
 2,639,509     Nestle S.A.   230,122,640 
 1,870,253     Novartis AG.   163,274,514 
 32,113     Pargesa Holding S.A.   2,534,880 
321

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
 14,630     Partners Group  $10,062,570 
 46,986     Phonak Holding AG.   8,818,136 
 605,848     Roche Holding AG.   161,177,193 
 33,431     Schindler Holding AG.   7,111,439 
 18,373     Schindler Holding AG. (Registered)   3,880,675 
 4,538     SGS S.A.   10,954,916 
 110,449     Sika AG.   14,585,434 
 592,482     STMicroelectronics NV   9,452,485 
 8,551     Straumann Holding AG.   6,208,217 
 25,874     Swatch Group AG.   7,411,915 
 45,059     Swatch Group AG. (Registered)   2,507,180 
 29,459     Swiss Life Holding   12,153,343 
 70,607     Swiss Prime Site AG.   5,981,329 
 261,929     Swiss Re Ltd   25,120,203 
 22,851     Swisscom AG.   10,952,536 
 51,432     Temenos Group AG.   6,942,513 
 3,322,242     UBS AG.   43,068,540 
 38,085     Vifor Pharma AG.   4,847,235 
 129,810     Zurich Financial Services AG.   40,741,219 
       TOTAL SWITZERLAND   1,043,793,133 
             
UNITED ARAB EMIRATES - 0.0%     
 91,746     NMC Health plc   3,105,833 
       TOTAL UNITED ARAB EMIRATES   3,105,833 
             
UNITED KINGDOM - 13.7%     
 842,513     3i Group plc   9,403,060 
 179,559     Admiral Group plc   4,882,576 
 425,643     Ashtead Group plc   10,796,420 
 311,104     Associated British Foods plc   9,763,574 
 1,093,411     AstraZeneca plc   79,208,736 
 812,864  g  Auto Trader Group plc   4,878,282 
 3,385,710     Aviva plc   18,413,554 
 231,691     Babcock International Group   1,613,746 
 2,737,320     BAE Systems plc   18,414,967 
 14,747,664     Barclays plc   30,739,336 
 862,680     Barratt Developments plc   6,101,843 
 104,556     Berkeley Group Holdings plc   5,147,974 
 17,240,564     BP plc   117,772,765 
 1,976,843     British American Tobacco plc   69,683,788 
 763,115     British Land Co plc   5,748,618 
 7,260,691     BT Group plc   22,140,752 
 296,371     Bunzl plc   9,345,205 
 358,696     Burberry Group plc   8,479,197 
 4,798,903     Centrica plc   8,623,842 
 884,504     CNH Industrial NV   8,693,549 
 190,850     Coca-Cola European Partners plc (Class A)   9,080,643 
 1,368,109     Compass Group plc   29,275,539 
 1,280,128  g  ConvaTec Group plc   2,400,060 
 114,300     Croda International plc   7,236,699 
 86,338     DCC plc   7,067,931 
 2,119,379     Diageo plc   80,889,097 
 1,284,437     Direct Line Insurance Group plc   5,677,252 
322

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY   VALUE 
             
 133,559     easyJet plc  $2,212,965 
 777,691     Experian Group Ltd   19,525,931 
 939,432  *  Fiat DaimlerChrysler Automobiles NV   16,075,449 
 4,277,481     GlaxoSmithKline plc   83,088,201 
 1,364,525     Group 4 Securicor plc   3,499,105 
 498,157     GVC Holdings plc   4,389,653 
 670,161     Hammerson plc   3,276,245 
 244,618     Hargreaves Lansdown plc   5,252,868 
 17,146,756     HSBC Holdings plc   144,379,941 
 822,585     Imperial Tobacco Group plc   27,304,930 
 1,055,881     Informa plc   9,378,646 
 146,246     InterContinental Hotels Group plc   8,310,810 
 557,943     International Consolidated Airlines Group S.A.   4,708,185 
 136,643     Intertek Group plc   8,817,455 
 3,162,617     ITV plc   5,368,457 
 1,499,050     J Sainsbury plc   5,613,119 
 576,639     John Wood Group plc   4,092,627 
 168,999     Johnson Matthey plc   6,751,429 
 1,797,458     Kingfisher plc   5,251,006 
 662,826     Land Securities Group plc   7,537,892 
 5,155,731     Legal & General Group plc   17,565,047 
 60,904,078     Lloyds TSB Group plc   46,431,104 
 271,349     London Stock Exchange Group plc   16,319,187 
 1,373,557     Marks & Spencer Group plc   5,196,957 
 638,490     Meggitt plc   4,324,347 
 4,280,223     Melrose Industries plc   9,487,234 
 598,202  g  Merlin Entertainments plc   2,650,943 
 387,134     Micro Focus International plc   7,380,743 
 316,670     Mondi plc   7,658,065 
 2,913,162     National Grid plc   31,722,565 
 122,440     Next plc   7,787,018 
 672,854     Pearson plc   7,999,494 
 273,407     Persimmon plc   8,529,084 
 2,233,206     Prudential plc   43,672,867 
 577,472     Reckitt Benckiser Group plc   44,433,390 
 814,303     RELX plc   17,996,536 
 883,648     RELX plc (London)   19,572,378 
 1,456,638     Rolls-Royce Group plc   16,931,137 
 4,154,355     Royal Bank of Scotland Group plc   13,178,493 
 765,617     Royal Mail plc   2,697,589 
 844,797     RSA Insurance Group plc   5,696,300 
 943,456     Sage Group plc   7,754,615 
 120,236     Schroders plc   4,124,580 
 878,331     Scottish & Southern Energy plc   13,502,606 
 859,037     Segro plc   7,302,417 
 216,028     Severn Trent plc   5,676,614 
 752,865     Smith & Nephew plc   14,183,003 
 344,377     Smiths Group plc   6,539,532 
 440,094     St. James’s Place plc   5,424,670 
 2,468,073     Standard Chartered plc   19,905,284 
 2,110,153     Standard Life Aberdeen plc   6,976,130 
 2,827,095     Taylor Wimpey plc   6,129,843 
 8,402,076     Tesco plc   24,596,582 
323

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY               VALUE 
                         
 1,326,931     Unilever NV              $71,057,387 
 973,846     Unilever plc               51,160,072 
 598,828     United Utilities Group plc               6,549,406 
 22,967,818     Vodafone Group plc               41,888,309 
 207,188     Weir Group plc               4,100,169 
 156,939     Whitbread plc               10,055,892 
 1,932,678     WM Morrison Supermarkets plc               5,943,291 
 1,075,282     WPP plc               12,304,997 
       TOTAL UNITED KINGDOM               1,628,719,796 
                         
UNITED STATES - 0.3%                 
 153,762     Carnival plc               8,699,694 
 196,892     Ferguson plc               13,184,504 
 196,670  *  QIAGEN NV (Turquoise)               7,263,763 
       TOTAL UNITED STATES               29,147,961 
                         
       TOTAL COMMON STOCKS               11,487,237,540 
       (Cost $10,716,390,082)                 
                         
RIGHTS / WARRANTS - 0.0%                 
                         
SPAIN - 0.0%                 
 218,512     ACS Actividades de Construccion y Servicios S.A.               119,927 
       TOTAL SPAIN               119,927 
                         
       TOTAL RIGHTS / WARRANTS               119,927 
       (Cost $111,797)                 
                         
PRINCIPAL     ISSUER  RATE  MATURITY DATE    
                     
SHORT-TERM INVESTMENTS - 3.6%             
                     
GOVERNMENT AGENCY DEBT - 0.3%             
$40,000,000     Federal Home Loan Bank (FHLB)   2.260%  02/01/19   40,000,000 
       TOTAL GOVERNMENT AGENCY DEBT           40,000,000 
                     
TREASURY DEBT - 2.5%             
 36,225,000     United States Treasury Bill   2.268 - 2.321   02/07/19   36,211,329 
 59,970,000     United States Treasury Bill   2.322 - 2.360   02/12/19   59,927,483 
 50,325,000     United States Treasury Bill   2.288 - 2.352   02/14/19   50,282,948 
 55,670,000     United States Treasury Bill   2.308 - 2.343   02/19/19   55,604,560 
 49,470,000     United States Treasury Bill   2.343 - 2.358   02/21/19   49,405,476 
 45,150,000     United States Treasury Bill   2.350   02/26/19   45,076,004 
 3,910,000     United States Treasury Bill   2.359   03/28/19   3,895,820 
       TOTAL TREASURY DEBT           300,403,620 
                     
SHARES     COMPANY             
                     
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.8%             
 91,166,196  c  State Street Navigator Securities Lending Government Money Market Portfolio   91,166,196 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   91,166,196 
324

TIAA-CREF FUNDS - International Equity Index Fund

 

SHARES     COMPANY                                  VALUE 
                           
       TOTAL SHORT-TERM INVESTMENTS          $431,569,816 
       (Cost $431,569,931)             
       TOTAL INVESTMENTS - 100.4%           11,918,927,283 
       (Cost $11,148,071,810)             
       OTHER ASSETS & LIABILITIES, NET - (0.4)%           (44,664,288)
       NET ASSETS - 100.0%          $11,874,262,995 
                               
                               
          Abbreviation(s):                    
          ADR   American Depositary Receipt
          REIT   Real Estate Investment Trust
                               
      *   Non-income producing
      Security is categorized as Level 3 in the fair value hierarchy.
      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 $85,681,281.
      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 1/31/2019, the aggregate value of these securities amounted to $82,440,520 or 0.7% of net assets.
             

 

Futures contracts outstanding as of January 31, 2019 were as follows (see Note 3):

 

Description  Number of long
(short)
contracts
   Expiration date   Notional amount   Value   Unrealized
appreciation (depreciation)
 
MSCI EAFE Index   3,621    03/15/19   $319,751,151   $330,977,505   $11,226,354 

325

TIAA-CREF FUNDS - International Equity Index Fund

 

TIAA-CREF FUNDS

INTERNATIONAL EQUITY INDEX FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2019

 

SECTOR  VALUE   % OF
NET ASSETS
 
FINANCIALS  $2,220,353,644    18.7%
INDUSTRIALS   1,650,719,937    13.9 
CONSUMER STAPLES   1,306,126,325    11.0 
CONSUMER DISCRETIONARY   1,298,137,829    10.9 
HEALTH CARE   1,264,726,806    10.7 
MATERIALS   860,210,098    7.3 
INFORMATION TECHNOLOGY   701,238,693    5.9 
ENERGY   675,695,820    5.7 
COMMUNICATION SERVICES   634,377,812    5.3 
REAL ESTATE   440,831,713    3.7 
UTILITIES   434,938,790    3.7 
SHORT-TERM INVESTMENTS   431,569,816    3.6 
OTHER ASSETS & LIABILITIES, NET   (44,664,288)   (0.4)
           
NET ASSETS  $11,874,262,995    100.0%
326

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

TIAA-CREF FUNDS

EMERGING MARKETS DEBT FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2019

 

PRINCIPAL      ISSUER  REFERENCE
RATE & SPREAD
  RATE  MATURITY
DATE
  VALUE 
                   
BONDS - 94.2%                   
                         
CORPORATE BONDS - 46.3%          
                         
ARGENTINA - 1.3%                
$2,020,000   g  AES Argentina Generacion S.A.      7.750%  02/02/24  $1,764,692 
 2,000,000   g,i  YPF S.A.  Argentina Deposit Rates Badlar + 4.000%   51.729   07/07/20   749,011 
 1,950,000   g  YPF S.A.      6.950   07/21/27   1,746,128 
 2,000,000   g  YPF S.A.      7.000   12/15/47   1,634,000 
        TOTAL ARGENTINA              5,893,831 
                         
AZERBAIJAN - 0.5%                
 2,250,000      State Oil Co of the Azerbaijan Republic      4.750   03/13/23   2,267,194 
        TOTAL AZERBAIJAN              2,267,194 
                         
BAHRAIN - 0.6%                
 2,300,000   g  Oil and Gas Holding Co BSCC      7.625   11/07/24   2,441,639 
        TOTAL BAHRAIN              2,441,639 
                         
BRAZIL - 3.8%                
 1,450,000   g  Banco Votorantim S.A.      8.250   N/A‡   1,480,812 
 2,325,000   g  Klabin Finance S.A.      4.875   09/19/27   2,182,594 
 1,800,000   g  MARB BondCo plc      6.875   01/19/25   1,720,575 
 942,750   g  Odebrecht Offshore Drilling Finance Ltd      6.720   12/01/22   888,542 
 3,506,472   †,g,o  Odebrecht Offshore Drilling Finance Ltd      7.720   12/01/26   929,215 
 527,012   †,g,j  Odebrecht Oil & Gas Finance Ltd      0.000   N/A‡   5,238 
 714,000   o  Oi S.A.      10.000   07/27/25   722,925 
 1,500,000      Petrobras Global Finance BV      7.375   01/17/27   1,631,250 
 1,625,000      Petrobras Global Finance BV      5.750   02/01/29   1,589,738 
 1,700,000      Petrobras Global Finance BV      5.625   05/20/43   1,518,967 
 2,000,000   g  Rio Oil Finance Trust      8.200   04/06/28   2,125,000 
 775,000   g  Suzano Austria GmbH      6.000   01/15/29   812,975 
 1,525,000   g  Suzano Austria GmbH      7.000   03/16/47   1,653,863 
        TOTAL BRAZIL              17,261,694 
                         
CHILE - 1.7%                
 2,850,000   g  Banco del Estado de Chile      2.668   01/08/21   2,796,563 
 1,150,000   g,h  Corp Nacional del Cobre de Chile      4.375   02/05/49   1,101,930 
 1,800,000   g  Corp Nacional del Cobre de Chile-CODELCO      3.625   08/01/27   1,751,922 
 2,100,000      Enel Chile S.A.      4.875   06/12/28   2,155,125 
        TOTAL CHILE              7,805,540 
327

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

PRINCIPAL     ISSUER   RATE  MATURITY
DATE
  VALUE 
                  
CHINA - 3.4%            
$2,475,000     Baidu, Inc   4.375%  05/14/24  $2,524,606 
 2,100,000     China Evergrande Group   8.250   03/23/22   1,990,727 
 2,500,000     Country Garden Holdings Co Ltd   4.750   07/25/22   2,356,642 
 2,350,000  g  Golden Eagle Retail Group Ltd   4.625   05/21/23   2,056,250 
 2,000,000     Shimao Property Holdings Ltd   5.200   01/30/25   1,901,324 
 2,500,000  g  Three Gorges Finance I Cayman Islands Ltd   3.150   06/02/26   2,373,200 
 2,000,000     Vigorous Champion International Ltd   4.375   09/10/23   2,010,700 
       TOTAL CHINA           15,213,449 
                     
COLOMBIA - 1.4%            
 2,000,000  g  Colombia Telecomunicaciones S.A. ESP   5.375   09/27/22   2,015,520 
 2,300,000     Ecopetrol S.A.   5.875   05/28/45   2,267,800 
 1,825,000  g  Termocandelaria Power Ltd   7.875   01/30/29   1,879,750 
       TOTAL COLOMBIA           6,163,070 
                     
COSTA RICA - 0.9%            
 2,200,000  g  Banco Nacional de Costa Rica   5.875   04/25/21   2,167,000 
 1,800,000  g  Banco Nacional de Costa Rica   6.250   11/01/23   1,776,060 
       TOTAL COSTA RICA           3,943,060 
                     
GHANA - 0.6%            
 1,000,000  g  Tullow Oil plc   6.250   04/15/22   985,809 
 1,725,000  g  Tullow Oil plc   7.000   03/01/25   1,680,181 
       TOTAL GHANA           2,665,990 
                     
GUATEMALA - 0.5%            
 2,200,000  g  Comcel Trust   6.875   02/06/24   2,273,362 
       TOTAL GUATEMALA           2,273,362 
                     
INDIA - 2.2%            
 2,650,000  g  Azure Power Energy Ltd   5.500   11/03/22   2,573,362 
 3,000,000  g  Bharti Airtel Ltd   4.375   06/10/25   2,812,066 
 2,900,000  g  ICICI Bank Ltd   3.800   12/14/27   2,712,883 
 1,625,000  g  State Bank of India   4.375   01/24/24   1,632,360 
       TOTAL INDIA           9,730,671 
                     
INDONESIA - 4.6%            
 1,875,000  g  Indonesia Asahan Aluminium Persero PT   5.710   11/15/23   1,976,228 
IDR 12,280,000,000  g  Jasa Marga Persero Tbk PT   7.500   12/11/20   827,586 
$2,000,000  g  Listrindo Capital BV   4.950   09/14/26   1,885,000 
 1,625,000  g  LLPL Capital Pte Ltd   6.875   02/04/39   1,698,256 
 2,200,000  g  Medco Platinum Road Pte Ltd   6.750   01/30/25   2,009,755 
 2,300,000  g  Minejesa Capital BV   5.625   08/10/37   2,165,666 
 1,700,000  g  Pelabuhan Indonesia II PT   4.250   05/05/25   1,694,084 
 2,050,000  g  Pelabuhan Indonesia III Persero PT   4.500   05/02/23   2,064,544 
328

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

PRINCIPAL     ISSUER   RATE  MATURITY
DATE
  VALUE 
                  
$2,000,000  g  Perusahaan Listrik Negara PT   5.250%  10/24/42  $1,915,000 
 2,000,000  g  Perusahaan Listrik Negara PT   6.150   05/21/48   2,157,210 
 2,260,900  g  Star Energy Geothermal Wayang Windu Ltd   6.750   04/24/33   2,199,673 
       TOTAL INDONESIA           20,593,002 
                     
IRELAND - 0.6%            
 675,000  g  C&W Senior Financing Designated Activity Co   7.500   10/15/26   670,147 
 2,000,000  g  C&W Senior Financing Designated Activity Co   6.875   09/15/27   1,905,000 
       TOTAL IRELAND           2,575,147 
                     
ISRAEL - 1.1%            
 2,000,000  g  Israel Electric Corp Ltd   4.250   08/14/28   1,983,470 
 1,800,000     Teva Pharmaceutical Finance Netherlands III BV   3.150   10/01/26   1,494,805 
 1,450,000     Teva Pharmaceutical Finance Netherlands III BV   6.750   03/01/28   1,507,200 
       TOTAL ISRAEL           4,985,475 
                     
JAMAICA - 0.2%            
 2,550,000  g,o  Digicel Group Two Ltd   9.125   04/01/24   1,096,500 
       TOTAL JAMAICA           1,096,500 
                     
KAZAKHSTAN - 2.6%            
KZT 453,000,000  g  Development Bank of Kazakhstan JSC   8.950   05/04/23   1,024,320 
$1,500,000  g  Kazkommertsbank JSC   5.500   12/21/22   1,488,579 
 1,800,000  g  KazMunayGas National Co JSC   4.750   04/19/27   1,819,390 
 3,000,000  g  KazMunayGas National Co JSC   5.375   04/24/30   3,102,792 
 1,550,000  g  KazMunayGas National Co JSC   6.375   10/24/48   1,654,597 
 2,475,000  g  KazTransGas JSC   4.375   09/26/27   2,381,700 
       TOTAL KAZAKHSTAN           11,471,378 
                     
MACAU - 0.5%
 2,250,000     Sands China Ltd   5.400   08/08/28   2,222,565 
       TOTAL MACAU           2,222,565 
                     
MALAYSIA - 0.6%            
 3,000,000     1MDB Global Investments Ltd   4.400   03/09/23   2,793,270 
       TOTAL MALAYSIA           2,793,270 
                     
MEXICO - 3.8%            
 800,000  g  BBVA Bancomer S.A.   5.350   11/12/29   752,672 
 2,625,000  g  BBVA Bancomer S.A.   5.125   01/18/33   2,369,063 
 2,250,000  g  Cemex SAB de C.V.   7.750   04/16/26   2,430,000 
 2,196,075  g  Cometa Energia S.A. de C.V.   6.375   04/24/35   2,108,452 
 2,000,000     Grupo Financiero Santander Mexico SAB de C.V.   8.500   N/A‡   2,090,000 
 1,491,000  g  Mexico City Airport Trust   4.250   10/31/26   1,379,921 
 2,300,000  g  Nemak SAB de C.V.   4.750   01/23/25   2,219,500 
 2,100,000     Petroleos Mexicanos   5.350   02/12/28   1,837,500 
 2,075,000     Petroleos Mexicanos   6.350   02/12/48   1,732,625 
       TOTAL MEXICO           16,919,733 
329

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

PRINCIPAL     ISSUER   RATE  MATURITY
DATE
  VALUE 
                  
NIGERIA - 0.5%            
$2,300,000  g  IHS Netherlands Holdco BV   9.500%  10/27/21  $2,369,292 
       TOTAL NIGERIA           2,369,292 
                     
PANAMA - 0.5%
 2,500,000  g  Banco General S.A.   4.125   08/07/27   2,364,062 
       TOTAL PANAMA           2,364,062 
                     
PERU - 2.7%            
 1,575,000  g  Hunt Oil Co of Peru LLC Sucursal Del Peru   6.375   06/01/28   1,661,231 
 2,300,000  g  Inkia Energy Ltd   5.875   11/09/27   2,198,547 
 2,000,000  g  Intercorp Financial Services, Inc   4.125   10/19/27   1,851,000 
 2,200,000  g  Peru LNG Srl   5.375   03/22/30   2,208,910 
 2,000,000  g  Petroleos del Peru S.A.   4.750   06/19/32   1,982,500 
 2,000,000  g  Petroleos del Peru S.A.   5.625   06/19/47   2,035,000 
       TOTAL PERU           11,937,188 
                     
RUSSIA - 1.7%            
 2,000,000  g  Credit Bank of Moscow Via CBOM Finance plc   5.550   02/14/23   1,930,344 
 1,800,000  g  Credit Bank of Moscow Via CBOM Finance plc   7.500   10/05/27   1,471,680 
 450,000  g  Gazprom OAO Via Gaz Capital S.A.   4.950   03/23/27   440,247 
 1,550,000  g  Gazprom OAO Via Gaz Capital S.A.   4.950   02/06/28   1,514,288 
 2,300,000  g  LUKOIL International Finance BV   4.563   04/24/23   2,296,108 
       TOTAL RUSSIA           7,652,667 
                     
SAUDI ARABIA - 0.5%            
 2,275,000  g  SABIC Capital II BV   4.500   10/10/28   2,319,817 
       TOTAL SAUDI ARABIA           2,319,817 
                     
SOUTH AFRICA - 3.8%            
 2,000,000     Barclays Africa Group Ltd   6.250   04/25/28   1,975,000 
 2,000,000  g  Eskom Holdings SOC Ltd   5.750   01/26/21   1,959,964 
 2,000,000  g  Eskom Holdings SOC Ltd   6.750   08/06/23   1,964,372 
 2,675,000  g  Eskom Holdings SOC Ltd   6.350   08/10/28   2,740,265 
 1,600,000  g  Eskom Holdings SOC Ltd   8.450   08/10/28   1,655,155 
 2,100,000  g  MTN Mauritius Investment Ltd   6.500   10/13/26   2,113,068 
 1,650,000     SASOL Financing USA LLC   6.500   09/27/28   1,742,215 
 2,800,000  g  Transnet SOC Ltd   4.000   07/26/22   2,684,077 
       TOTAL SOUTH AFRICA           16,834,116 
                     
SWITZERLAND - 0.4%            
 2,000,000  g  Syngenta Finance NV   4.892   04/24/25   1,958,143 
       TOTAL SWITZERLAND           1,958,143 

330

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

PRINCIPAL     ISSUER   RATE  MATURITY
DATE
  VALUE 
                  
THAILAND - 0.5%            
$2,200,000  g  Bangkok Bank PCL   4.050%  03/19/24  $2,238,444 
       TOTAL THAILAND           2,238,444 
                     
TRINIDAD AND TOBAGO - 0.1%            
 350,000  g  Petroleum Co of Trinidad & Tobago Ltd   6.000   05/08/22   317,625 
       TOTAL TRINIDAD AND TOBAGO           317,625 
                     
TURKEY - 1.9%            
 1,900,000  g  Akbank TAS   7.200   03/16/27   1,723,792 
 2,000,000  g  Akbank Turk AS.   6.797   04/27/28   1,764,824 
 2,000,000  g  Turkiye Garanti Bankasi AS.   6.125   05/24/27   1,750,000 
 2,050,000  g  Turkiye Is Bankasi   6.125   04/25/24   1,829,342 
 1,800,000  g  Yapi ve Kredi Bankasi AS.   5.850   06/21/24   1,610,633 
       TOTAL TURKEY           8,678,591 
                     
UKRAINE - 1.3%            
 2,125,000  g  MHP Lux S.A.   6.950   04/03/26   1,905,560 
UAH 54,050,000     Ukreximbank Via Biz Finance plc   16.500   03/02/21   1,749,539 
$2,400,000  g  Ukreximbank Via Biz Finance plc   9.750   01/22/25   2,323,200 
       TOTAL UKRAINE           5,978,299 
                     
UNITED ARAB EMIRATES - 1.5%            
 1,975,000  g  Abu Dhabi Crude Oil Pipeline LLC   4.600   11/02/47   1,998,046 
 2,100,000  g  DP World Ltd   5.625   09/25/48   2,077,704 
 2,300,000  g  MDC-GMTN BV   4.500   11/07/28   2,428,699 
       TOTAL UNITED ARAB EMIRATES           6,504,449 
                     
       TOTAL CORPORATE BONDS           207,469,263 
       (Cost $212,602,161)             
                     
GOVERNMENT BONDS - 47.9%            
                     
ANGOLA - 1.1%            
 2,250,000  g  Angolan Government International Bond   8.250   05/09/28   2,318,247 
 2,500,000  g  Angolan Government International Bond   9.375   05/08/48   2,636,550 
       TOTAL ANGOLA           4,954,797 
                     
ARGENTINA - 2.1%            
 2,850,000     Argentina Republic Government International Bond   5.625   01/26/22   2,583,553 
 2,000,000     Argentine Republic Government International Bond   7.500   04/22/26   1,773,020 
 4,000,000     Argentine Republic Government International Bond   7.125   06/28/17   3,110,000 
 2,650,000  g  Provincia de Buenos Aires   7.875   06/15/27   2,173,000 
       TOTAL ARGENTINA           9,639,573 
331

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

PRINCIPAL     ISSUER   RATE  MATURITY
DATE
  VALUE 
                  
AZERBAIJAN - 0.7%            
$1,500,000  g  Republic of Azerbaijan Government International Bond   5.125%  09/01/29  $1,464,469 
 1,400,000  g  Southern Gas Corridor CJSC   6.875   03/24/26   1,554,042 
       TOTAL AZERBAIJAN           3,018,511 
                     
BARBADOS - 0.0%            
 150,000  †,g,q  Barbados Government International Bond   7.000   08/04/22   82,500 
       TOTAL BARBADOS           82,500 
                     
BERMUDA - 0.6%            
 2,500,000  g  Bermuda Government International Bond   4.750   02/15/29   2,593,750 
       TOTAL BERMUDA           2,593,750 
                     
BRAZIL - 2.7%            
 1,500,000  g  Brazil Minas SPE via State of Minas Gerais   5.333   02/15/28   1,522,125 
BRL 7,715,000     Brazil Notas do Tesouro Nacional Serie F   10.000   01/01/23   2,236,153 
 7,200,000     Brazil Notas do Tesouro Nacional Serie F   10.000   01/01/25   2,090,701 
$2,150,000     Brazilian Government International Bond   7.125   01/20/37   2,526,250 
 3,625,000     Brazilian Government International Bond   5.625   02/21/47   3,603,286 
       TOTAL BRAZIL           11,978,515 
                     
COLOMBIA - 0.6%            
COP 5,065,000,000     Colombian TES   7.000   05/04/22   1,701,961 
 2,825,000,000     Colombian TES   7.500   08/26/26   967,132 
       TOTAL COLOMBIA           2,669,093 
                     
COSTA RICA - 0.6%            
$500,000  g  Costa Rica Government International Bond   7.000   04/04/44   446,300 
 2,500,000  g  Costa Rica Government International Bond   7.158   03/12/45   2,259,375 
       TOTAL COSTA RICA           2,705,675 
                     
COTE D'IVOIRE - 0.7%            
 3,280,625  g  Ivory Coast Government International Bond (Step Bond)   5.750   12/31/32   3,019,113 
       TOTAL COTE D'IVOIRE           3,019,113 
                     
CROATIA - 0.5%            
 2,000,000  g  Croatia Government International Bond   5.500   04/04/23   2,135,462 
       TOTAL CROATIA           2,135,462 
                     
DOMINICAN REPUBLIC - 2.5%            
 2,100,000  g  Dominican Republic Government International Bond   5.875   04/18/24   2,175,936 
 1,750,000  g  Dominican Republic Government International Bond   5.950   01/25/27   1,798,125 
DOP 80,000,000  g  Dominican Republic Government International Bond   11.250   02/05/27   1,625,539 
$3,160,000  g  Dominican Republic Government International Bond   7.450   04/30/44   3,436,500 
332

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

PRINCIPAL     ISSUER   RATE  MATURITY
DATE
  VALUE 
                  
$2,000,000  g  Dominican Republic Government International Bond   6.500%  02/15/48  $1,980,000 
       TOTAL DOMINICAN REPUBLIC           11,016,100 
                     
ECUADOR - 2.3%            
 2,000,000  g  Ecuador Government International Bond   9.650   12/13/26   1,955,400 
 1,150,000  g  Ecuador Government International Bond   9.650   12/13/26   1,124,355 
 1,750,000  g  Ecuador Government International Bond   8.875   10/23/27   1,633,975 
 2,500,000  g  Ecuador Government International Bond   7.875   01/23/28   2,216,750 
 1,500,000  g  Ecuador Government International Bond   10.750   01/31/29   1,530,450 
 1,500,000  g  Petroamazonas EP   4.625   02/16/20   1,466,250 
 625,000  g  Petroamazonas EP   4.625   11/06/20   597,635 
       TOTAL ECUADOR           10,524,815 
                     
EGYPT - 1.8%            
 3,875,000  g  Egypt Government International Bond   5.577   02/21/23   3,759,199 
 2,200,000  g  Egypt Government International Bond   6.588   02/21/28   2,042,817 
 2,550,000  g  Egypt Government International Bond   8.500   01/31/47   2,453,258 
       TOTAL EGYPT           8,255,274 
                     
EL SALVADOR - 0.7%            
 3,250,000  g  El Salvador Government International Bond   5.875   01/30/25   3,092,830 
       TOTAL EL SALVADOR           3,092,830 
                     
GHANA - 0.7%            
GHS 2,965,000  g  Citigroup Global Markets Holdings, Inc   24.500   06/28/21   651,780 
$900,000  g  Ghana Government International Bond   7.625   05/16/29   856,385 
 2,000,000  g  Ghana Government International Bond   8.627   06/16/49   1,859,416 
       TOTAL GHANA           3,367,581 
                     
GREECE - 0.6%            
EUR 2,545,000  g  Hellenic Republic Government International Bond   3.375   02/15/25   2,889,122 
       TOTAL GREECE           2,889,122 
                     
GUATEMALA - 0.7%            
$1,650,000  g  Guatemala Government International Bond   4.375   06/05/27   1,570,800 
 1,500,000  g  Guatemala Government International Bond   4.875   02/13/28   1,476,900 
       TOTAL GUATEMALA           3,047,700 
                     
HONDURAS - 0.5%            
 2,250,000  g  Honduras Government International Bond   7.500   03/15/24   2,420,347 
       TOTAL HONDURAS           2,420,347 
                     
INDIA - 0.5%            
 2,300,000     Indian Railway Finance Corp Ltd   3.835   12/13/27   2,146,611 
       TOTAL INDIA           2,146,611 
333

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

PRINCIPAL     ISSUER   RATE  MATURITY
DATE
  VALUE 
                  
INDONESIA - 1.2%            
$1,150,000  g  Indonesia Government International Bond   4.625%  04/15/43  $1,133,928 
IDR 13,400,000,000     Indonesia Treasury Bond   8.250   07/15/21   972,453 
 18,200,000,000     Indonesia Treasury Bond   8.375   09/15/26   1,305,222 
$1,975,000  g  Perusahaan Penerbit SBSN Indonesia III   4.400   03/01/28   1,977,469 
       TOTAL INDONESIA           5,389,072 
                     
IRAQ - 1.1%            
 3,350,000  g  Iraq Government International Bond   6.752   03/09/23   3,341,324 
 1,600,000  g  Iraq Government International Bond   5.800   01/15/28   1,516,688 
       TOTAL IRAQ           4,858,012 
                     
JAMAICA - 1.1%            
 1,950,000     Jamaica Government International Bond   6.750   04/28/28   2,146,950 
 2,200,000     Jamaica Government International Bond   7.875   07/28/45   2,607,000 
       TOTAL JAMAICA           4,753,950 
                     
JORDAN - 0.3%            
 1,475,000  g  Jordan Government International Bond   7.375   10/10/47   1,400,442 
       TOTAL JORDAN           1,400,442 
                     
KAZAKHSTAN - 0.5%            
 2,250,000  g  Kazakhstan Government International Bond   5.125   07/21/25   2,424,744 
       TOTAL KAZAKHSTAN           2,424,744 
                     
KENYA - 0.6%            
 1,450,000  g  Kenya Government International Bond   7.250   02/28/28   1,415,597 
 1,325,000  g  Kenya Government International Bond   8.250   02/28/48   1,274,409 
       TOTAL KENYA           2,690,006 
                     
LEBANON - 0.9%            
 3,200,000     Lebanon Government International Bond   6.250   11/04/24   2,663,302 
 2,000,000     Lebanon Government International Bond   6.650   02/26/30   1,579,920 
       TOTAL LEBANON           4,243,222 
                     
MEXICO - 0.6%
MXN 51,100,000     Mexican Bonos   7.500   06/03/27   2,521,483 
       TOTAL MEXICO           2,521,483 
                     
MONGOLIA - 0.3%            
$1,600,000  g  Mongolia Government International Bond   5.125   12/05/22   1,557,216 
       TOTAL MONGOLIA           1,557,216 
334

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

PRINCIPAL     ISSUER   RATE  MATURITY
DATE
  VALUE 
                  
MOROCCO - 0.5%            
$2,000,000  g  Morocco Government International Bond   5.500%  12/11/42  $2,088,992 
       TOTAL MOROCCO           2,088,992 
                     
NAMIBIA - 0.4%            
 1,700,000  g  Namibia Government International Bond   5.250   10/29/25   1,622,160 
       TOTAL NAMIBIA           1,622,160 
                     
NIGERIA - 1.4%            
 1,250,000  g  Nigeria Government International Bond   7.625   11/21/25   1,297,824 
 2,725,000  g  Nigeria Government International Bond   6.500   11/28/27   2,605,048 
 2,500,000  g  Nigeria Government International Bond   7.696   02/23/38   2,401,353 
       TOTAL NIGERIA           6,304,225 
                     
OMAN - 0.4%            
 1,200,000  g  Oman Government International Bond   6.500   03/08/47   1,006,296 
 750,000  g  Oman Government International Bond   6.750   01/17/48   639,319 
       TOTAL OMAN           1,645,615 
                     
PAKISTAN - 0.8%            
 3,750,000  g  Pakistan Government International Bond   6.875   12/05/27   3,659,816 
       TOTAL PAKISTAN           3,659,816 
                     
PARAGUAY - 0.6%            
 2,525,000  g  Paraguay Government International Bond   4.700   03/27/27   2,575,500 
       TOTAL PARAGUAY           2,575,500 
                     
PERU - 0.5%            
PEN 6,325,000  g  Peruvian Government International Bond   6.950   08/12/31   2,066,383 
       TOTAL PERU           2,066,383 
                     
PHILIPPINES - 0.9%            
$2,000,000     Philippine Government International Bond   3.750   01/14/29   2,029,068 
PHP 105,000,000     Philippine Government International Bond   6.250   01/14/36   2,075,861 
       TOTAL PHILIPPINES           4,104,929 
                     
POLAND - 0.4%            
PLN 1,670,000     Republic of Poland Government International Bond   2.250   04/25/22   454,211 
 4,800,000     Republic of Poland Government International Bond   2.750   04/25/28   1,292,237 
       TOTAL POLAND           1,746,448 
                     
REPUBLIC OF SERBIA - 1.3%            
$1,950,000  g  Serbia Government International Bond   7.250   09/28/21   2,118,513 
RSD 158,000,000     Serbia Treasury Bonds   5.750   07/21/23   1,637,189 
 182,000,000     Serbia Treasury Bonds   5.875   02/08/28   1,889,549 
       TOTAL REPUBLIC OF SERBIA           5,645,251 
335

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

PRINCIPAL     ISSUER   RATE  MATURITY
DATE
  VALUE 
                  
RUSSIA - 1.4%            
RUB 25,000,000     Russian Federal Bond - Federal Loan Obligation   7.000%  01/25/23  $372,180 
 93,500,000     Russian Federal Bond - Federal Loan Obligation   7.000   08/16/23   1,384,564 
 54,000,000     Russian Federal Bond - Federal Loan Obligation   7.700   03/23/33   801,285 
$2,000,000  g  Russian Foreign Bond - Eurobond   4.375   03/21/29   1,954,740 
 2,000,000  g  Russian Foreign Bond - Eurobond   5.250   06/23/47   1,975,152 
       TOTAL RUSSIA           6,487,921 
                     
SAUDI ARABIA - 0.5%            
 2,000,000  g  Saudi Government International Bond   5.250   01/16/50   2,051,420 
       TOTAL SAUDI ARABIA           2,051,420 
                     
SENEGAL - 0.6%            
 1,400,000  g  Senegal Government International Bond   6.250   05/23/33   1,298,653 
 1,500,000  g  Senegal Government International Bond   6.750   03/13/48   1,334,460 
       TOTAL SENEGAL           2,633,113 
                     
SOUTH AFRICA - 2.3%            
 1,150,000     Republic of South Africa Government International Bond   5.875   06/22/30   1,180,628 
 2,350,000     South Africa Government International Bond   5.875   09/16/25   2,465,705 
ZAR 59,300,000     South Africa Government International Bond   7.000   02/28/31   3,760,582 
$1,715,000     South Africa Government International Bond   6.250   03/08/41   1,770,631 
 1,250,000     South Africa Government International Bond   5.375   07/24/44   1,164,394 
       TOTAL SOUTH AFRICA           10,341,940 
                     
SRI LANKA - 1.3%            
 1,500,000  g  Sri Lanka Government International Bond   5.750   04/18/23   1,452,588 
 1,850,000  g  Sri Lanka Government International Bond   6.850   11/03/25   1,828,847 
 1,000,000  g  Sri Lanka Government International Bond   6.825   07/18/26   974,477 
 1,450,000  g  Sri Lanka Government International Bond   6.750   04/18/28   1,393,694 
       TOTAL SRI LANKA           5,649,606 
                     
THAILAND - 0.5%            
THB 14,000,000     Thailand Government International Bond   2.000   12/17/22   448,418 
 57,700,000     Thailand Government International Bond   3.400   06/17/36   1,945,485 
       TOTAL THAILAND           2,393,903 
                     
TUNISIA - 0.6%            
$3,000,000  g  Banque Centrale de Tunisie S.A.   5.750   01/30/25   2,613,273 
       TOTAL TUNISIA           2,613,273 
                     
TURKEY - 1.8%            
 1,800,000  g  Export Credit Bank of Turkey   5.375   10/24/23   1,681,999 
 2,300,000     Turkey Government International Bond   3.250   03/23/23   2,092,563 
336

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

PRINCIPAL     ISSUER   RATE  MATURITY
DATE
  VALUE 
                  
$750,000     Turkey Government International Bond   5.750%  03/22/24  $737,704 
 2,850,000     Turkey Government International Bond   6.000   03/25/27   2,746,477 
 1,000,000     Turkey Government International Bond   6.875   03/17/36   982,227 
       TOTAL TURKEY           8,240,970 
                     
UKRAINE - 2.8%            
UAH 38,000,000     Citigroup Global Markets Holdings, Inc   14.700   01/25/21   1,269,835 
$7,450,000  g  Ukraine Government International Bond   7.750   09/01/25   6,838,579 
 2,000,000  g  Ukraine Government International Bond   9.750   11/01/28   1,984,900 
 2,300,000  g  Ukraine Government International Bond   7.375   09/25/32   1,958,749 
 520,000  †,g,i,j  Ukraine Government International Bond   0.000   05/31/40   317,038 
       TOTAL UKRAINE           12,369,101 
                     
URUGUAY - 1.1%            
UYU 17,300,000  g  Uruguay Government International Bond   9.875   06/20/22   533,283 
$2,000,000     Uruguay Government International Bond   4.375   10/27/27   2,058,000 
 1,950,000     Uruguay Government International Bond   5.100   06/18/50   2,010,470 
UYU 17,600,000     Uruguay Notas del Tesoro   13.900   07/29/20   570,270 
       TOTAL URUGUAY           5,172,023 
                     
VIETNAM - 0.5%            
$2,000,000  g  Vietnam Government International Bond   4.800   11/19/24   2,080,748 
       TOTAL VIETNAM           2,080,748 
                     
ZAMBIA - 0.8%            
 400,000  g  Zambia Government International Bond   5.375   09/20/22   312,784 
 3,500,000  g  Zambia Government International Bond   8.500   04/14/24   2,887,787 
 750,000  g  Zambia Government International Bond   8.970   07/30/27   616,875 
       TOTAL ZAMBIA           3,817,446 
                     
       TOTAL GOVERNMENT BONDS           214,706,299 
       (Cost $220,188,920)             
                     
       TOTAL BONDS           422,175,562 
       (Cost $432,791,081)             
                     
SHARES     COMPANY             
                     
COMMON STOCKS - 0.0%            
             
BRAZIL - 0.0%            
 151,162  *  Oi S.A. (ADR)           275,115 
       TOTAL BRAZIL           275,115 
                     
       TOTAL COMMON STOCKS           275,115 
       (Cost $1,044,573)             
337

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

PRINCIPAL     ISSUER   RATE  MATURITY
DATE
  VALUE 
                  
SHORT-TERM INVESTMENTS - 2.9%            
             
EGYPT - 0.5%            
EGP 36,000,000  j  Egypt Treasury Bills   0.000%  03/05/19  $2,009,396 
 8,200,000  j  Egypt Treasury Bills   0.000   03/26/19   453,060 
       TOTAL EGYPT           2,462,456 
                     
NIGERIA - 0.5%            
NGN 778,000,000  j  Nigeria Treasury Bill   0.000   06/13/19   2,053,619 
       TOTAL NIGERIA           2,053,619 
                     
UNITED STATES - 1.9%            
$8,450,000     Federal Home Loan Bank (FHLB)   2.260   02/01/19   8,450,000 
       TOTAL UNITED STATES           8,450,000 
                     
       TOTAL SHORT-TERM INVESTMENTS           12,966,075 
       (Cost $12,954,521)             
                     
       TOTAL INVESTMENTS - 97.1%           435,416,752 
       (Cost $446,790,175)             
       OTHER ASSETS & LIABILITIES, NET - 2.9%           13,038,445 
       NET ASSETS - 100.0%          $448,455,197 
       
     
  Abbreviation(s):
  ADR American Depositary Receipt
  BRL Brazilian Real
  COP Colombian Peso
  DOP Dominican Peso
  EGP Egyptian Pound
  EUR Euro
  GHS Ghanaian Cedi
  IDR Indonesian Rupiah
  KZT Kazakhstani Tenge
  MXN Mexican Peso
  NGN Nigerian Naira
  PEN Peruvian Sol
  PHP Philippine Peso
  PLN Polish Zloty
  RSD Serbian Dinar
  RUB Russian Ruble
  THB Thai Baht
  UAH Ukrainian Hryvnia
338

TIAA-CREF FUNDS - Emerging Markets Debt Fund

       
  UYU Uruguayan Peso
  ZAR South African Rand
         
*   Non-income producing
  Security is categorized as Level 3 in the fair value hierarchy.
  Perpetual security
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 1/31/2019, the aggregate value of these securities amounted to $306,419,315 or 68.3% of net assets.
h   These securities were purchased on a delayed delivery basis.
i   Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end.
j   Zero coupon
o   Payment in Kind Bond
q   In default
         

 

Forward foreign currency contracts outstanding as of January 31, 2019 were as follows (see Note 3):

 

Currency to be
purchased
  Receive   Currency to be
sold
  Deliver   Counterparty   Settlement date   Unrealized
appreciation
(depreciation)
$   1,500,000   CNY   10,466,805   Australia and New Zealand Banking Group   11/19/19   $(55,508)

 

           
  Abbreviation(s):  
  CNY Chinese Yuan
339

TIAA-CREF FUNDS - Emerging Markets Debt Fund

 

 

TIAA-CREF FUNDS

EMERGING MARKETS DEBT FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2019

 

SECTOR  VALUE   % OF
NET ASSETS
 
GOVERNMENT  $214,706,299    47.9%
FINANCIALS   58,727,264    13.1 
UTILITIES   42,661,103    9.5 
ENERGY   36,461,397    8.1 
COMMUNICATION SERVICES   21,962,566    4.9 
MATERIALS   13,486,621    3.0 
INDUSTRIALS   12,545,673    2.8 
CONSUMER DISCRETIONARY   6,498,315    1.4 
REAL ESTATE   6,248,693    1.4 
CONSUMER STAPLES   3,626,135    0.8 
HEALTH CARE   3,002,005    0.7 
INFORMATION TECHNOLOGY   2,524,606    0.6 
SHORT-TERM INVESTMENTS   12,966,075    2.9 
OTHER ASSETS & LIABILITIES, NET   13,038,445    2.9 
           
NET ASSETS  $448,455,197    100.0%
340

TIAA-CREF FUNDS - International Bond Fund

 

TIAA-CREF FUNDS
INTERNATIONAL BOND FUND
CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2019

 

         REFERENCE      MATURITY    
PRINCIPAL     ISSUER  RATE & SPREAD  RATE  DATE  VALUE 
                        
BANK LOAN OBLIGATIONS - 2.7%                
                        
AUSTRALIA - 0.2%                
$748,120  i  Hamilton Holdco LLC  LIBOR 3 M + 2.000%   4.810%  07/02/25  $739,704 
       TOTAL AUSTRALIA              739,704 
                        
CANADA - 0.2%                
 329,931  i  1011778 BC / New Red Finance, Inc  LIBOR 1 M + 2.250%   4.749   02/16/24   723,979 
       TOTAL CANADA              723,979 
                        
IRELAND - 0.2%                
 685,298  i  Avolon TLB Borrower  US LLC  LIBOR 1 M + 2.000%   4.503   01/15/25   677,589 
       TOTAL IRELAND              677,589 
                        
LUXEMBOURG - 0.3%                
 742,500  i  Ineos US Finance LLC  LIBOR 1 M + 2.000%   4.499   03/31/24   719,958 
 245,625  i  Vouvray US Finance, LLC  LIBOR 1 M + 3.000%   5.499   03/11/24   231,119 
       TOTAL LUXEMBOURG              951,077 
                        
UNITED KINGDOM - 0.0%                
 44,916  i  MA FinanceCo LLC  LIBOR 1 M + 2.500%   4.999   06/21/24   43,381 
       TOTAL UNITED KINGDOM              43,381 
                        
UNITED STATES - 1.8%                
 643,434  i  American Airlines, Inc  LIBOR 1 M + 2.000%   4.509   12/14/23   622,870 
 721,875  i  Change Healthcare Holdings LLC  LIBOR 1 M + 2.750%   5.249   03/01/24   705,994 
 497,481  i  Dell International LLC  LIBOR 1 M + 2.000%   4.500   09/07/23   490,203 
 123,125  i  Endo Luxembourg Finance I Co Sarl  LIBOR 1 M + 4.250%   6.750   04/29/24   121,792 
 473,901  i  First Data Corp  LIBOR 1 M + 2.000%   4.519   07/08/22   471,849 
 249,375  i  HD Supply, Inc  LIBOR 1 M + 1.750%   4.249   10/17/23   246,310 
 497,494  i  Las Vegas Sands LLC  LIBOR 1 M + 1.750%   4.249   03/27/25   487,753 
 254,901  i  Mallinckrodt International Finance S.A.  LIBOR 3 M + 2.750%   5.553   09/24/24   236,693 
 497,468  i  Nielsen Finance LLC  LIBOR 1 M + 2.000%   4.511   10/04/23   488,529 
 479,142  i  Plantronics, Inc  LIBOR 1 M + 2.500%   4.999   07/02/25   465,166 
 596,753  i  Sabre GLBL, Inc  LIBOR 1 M + 2.000%   4.499   02/22/24   588,267 
 497,500  i  Samsonite IP Holdings Sarl  LIBOR 1 M + 1.750%   4.249   04/25/25   481,122 
 303,326  i  Seattle SpinCo, Inc  LIBOR 1 M + 2.500%   4.999   06/21/24   292,961 
 736,875  i  Team Health Holdings, Inc  LIBOR 1 M + 2.750%   5.249   02/06/24   661,345 
 480,410  i  Valeant Pharmaceuticals International, Inc  LIBOR 1 M + 3.000%   5.513   06/02/25   474,842 
       TOTAL UNITED STATES              6,835,696 
                        
       TOTAL BANK LOAN OBLIGATIONS              9,971,426 
       (Cost $10,270,693)                
341

TIAA-CREF FUNDS - International Bond Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
              
BONDS - 92.1%             
                     
CORPORATE BONDS - 22.9%             
                     
ARGENTINA - 0.1%             
$225,000  g  YPF S.A.   7.000%  12/15/47  $183,825 
       TOTAL ARGENTINA           183,825 
                     
BRAZIL - 0.2%             
 500,000  g  Banco do Brasil S.A.   4.625   01/15/25   491,330 
 400,000     Petrobras Global Finance BV   5.750   02/01/29   391,320 
       TOTAL BRAZIL           882,650 
                     
CANADA - 0.3%             
 950,000  g  Eldorado Gold Corp   6.125   12/15/20   909,625 
EUR250,000  g  Fairfax Financial Holdings Ltd   2.750   03/29/28   286,338 
       TOTAL CANADA           1,195,963 
                     
CHILE - 0.5%             
$550,000  g  Banco del Estado de Chile   2.668   01/08/21   539,688 
 300,000     Celulosa Arauco y Constitucion S.A.   3.875   11/02/27   284,220 
 425,000  g  Corp Nacional del Cobre de Chile-CODELCO   3.625   08/01/27   413,648 
 450,000     Enel Chile S.A.   4.875   06/12/28   461,813 
       TOTAL CHILE           1,699,369 
                     
CHINA - 0.6%             
 400,000     Baidu, Inc   2.875   07/06/22   389,866 
 500,000  z  Shimao Property Holdings Ltd   5.200   01/30/25   475,331 
EUR800,000  z  Three Gorges Finance II Cayman Islands Ltd   1.300   06/21/24   903,683 
$500,000  z  Vigorous Champion International Ltd   4.375   09/10/23   502,675 
       TOTAL CHINA           2,271,555 
                     
COLOMBIA - 0.1%             
 300,000     Ecopetrol S.A.   5.375   06/26/26   311,250 
       TOTAL COLOMBIA           311,250 
                     
CZECH REPUBLIC - 0.1%             
EUR400,000  z  CEZ AS.   0.875   11/21/22   458,475 
       TOTAL CZECH REPUBLIC           458,475 
                     
FRANCE - 0.3%             
 850,000  g  Altice France S.A.   5.875   02/01/27   980,236 
       TOTAL FRANCE           980,236 
342

TIAA-CREF FUNDS - International Bond Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                     
GERMANY - 0.2%             
EUR750,000  g,o  IHO Verwaltungs GmbH   3.750%  09/15/26  $808,883 
       TOTAL GERMANY           808,883 
                     
INDIA - 0.3%             
$675,000  g  ICICI Bank Ltd   3.800   12/14/27   631,447 
EUR400,000     NTPC Ltd   2.750   02/01/27   449,228 
$200,000  g  State Bank of India   4.375   01/24/24   200,906 
       TOTAL INDIA           1,281,581 
                     
INDONESIA - 0.1%             
 425,000  g  Pelabuhan Indonesia III Persero PT   4.500   05/02/23   428,015 
       TOTAL INDONESIA           428,015 
                     
IRELAND - 0.2%             
 850,000  g  James Hardie International Finance DAC   4.750   01/15/25   807,500 
       TOTAL IRELAND           807,500 
                     
ISRAEL - 0.3%             
 625,000  g  Israel Electric Corp Ltd   4.250   08/14/28   619,834 
 600,000     Teva Pharmaceutical Finance Netherlands III BV   3.150   10/01/26   498,268 
       TOTAL ISRAEL           1,118,102 
                     
JAPAN - 1.6%             
EUR225,000  z  Mitsubishi UFJ Financial Group, Inc   0.680   01/26/23   257,426 
 750,000  z  Mitsubishi UFJ Financial Group, Inc   0.980   10/09/23   863,080 
 500,000  z  Mitsubishi UFJ Financial Group, Inc   0.872   09/07/24   568,952 
 500,000  z  Sumitomo Mitsui Financial Group, Inc   0.819   07/23/23   574,912 
 210,000  z  Sumitomo Mitsui Financial Group, Inc   0.934   10/11/24   239,996 
 600,000  z  Takeda Pharmaceutical Co Ltd   0.375   11/21/20   685,905 
 1,800,000  z  Takeda Pharmaceutical Co Ltd   1.125   11/21/22   2,082,881 
 600,000  z  Takeda Pharmaceutical Co Ltd   3.000   11/21/30   728,610 
       TOTAL JAPAN           6,001,762 
                     
KAZAKHSTAN - 0.1%             
$475,000  g  KazTransGas JSC   4.375   09/26/27   457,094 
       TOTAL KAZAKHSTAN           457,094 
                     
KOREA, REPUBLIC OF - 0.2%             
 275,000  g  Korea East-West Power Co Ltd   3.875   07/19/23   278,983 
 325,000  g  POSCO   4.000   08/01/23   329,327 
       TOTAL KOREA, REPUBLIC OF           608,310 
                     
LUXEMBOURG - 0.2%             
EUR 500,000  z  ProLogis International Funding II S.A.   2.375   11/14/30   591,868 
       TOTAL LUXEMBOURG           591,868 
343

TIAA-CREF FUNDS - International Bond Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                     
MACAU - 0.1%             
$500,000     Sands China Ltd   5.125%  08/08/25  $502,622 
       TOTAL MACAU           502,622 
                     
MEXICO - 0.6%             
 575,000  g  BBVA Bancomer S.A.   5.125   01/18/33   518,938 
 200,000  g  Grupo Bimbo SAB de C.V.   4.700   11/10/47   185,500 
EUR200,000     Petroleos Mexicanos   1.875   04/21/22   219,237 
 550,000  z  Petroleos Mexicanos   3.625   11/24/25   592,697 
$650,000     Petroleos Mexicanos   5.350   02/12/28   568,750 
       TOTAL MEXICO           2,085,122 
                     
NETHERLANDS - 0.1%             
EUR425,000  g  OCI NV   5.000   04/15/23   510,170 
       TOTAL NETHERLANDS           510,170 
                     
PANAMA - 0.1%             
$550,000  g  Banco General S.A.   4.125   08/07/27   520,094 
       TOTAL PANAMA           520,094 
                     
PERU - 0.1%             
 550,000  g  Cerro del Aguila S.A.   4.125   08/16/27   516,313 
       TOTAL PERU           516,313 
                     
PORTUGAL - 0.3%             
EUR1,000,000     EDP Finance BV   1.125   02/12/24   1,142,272 
       TOTAL PORTUGAL           1,142,272 
                     
RUSSIA - 0.2%             
 400,000  z  Gazprom OAO Via Gaz Capital S.A.   2.500   03/21/26   440,541 
$300,000  g  Gazprom OAO Via Gaz Capital S.A.   4.950   03/23/27   293,498 
       TOTAL RUSSIA           734,039 
                     
SAUDI ARABIA - 0.1%             
 250,000  g  SABIC Capital II BV   4.000   10/10/23   252,720 
       TOTAL SAUDI ARABIA           252,720 
                     
SOUTH AFRICA - 0.5%             
 300,000  z  Barclays Africa Group Ltd   6.250   04/25/28   296,250 
 900,000  g  Eskom Holdings SOC Ltd   6.350   08/10/28   921,958 
 200,000  z  FirstRand Bank Ltd   6.250   04/23/28   204,228 
 350,000     SASOL Financing USA LLC   6.500   09/27/28   369,561 
       TOTAL SOUTH AFRICA           1,791,997 
344

TIAA-CREF FUNDS - International Bond Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                     
SUPRANATIONAL - 0.5%             
$750,000  z  African Export-Import Bank   5.250%  10/11/23  $765,104 
EUR825,000     European Stability Mechanism   1.000   09/23/25   992,188 
       TOTAL SUPRANATIONAL           1,757,292 
                     
SWEDEN - 0.2%             
$600,000  g  Stena AB   7.000   02/01/24   553,500 
       TOTAL SWEDEN           553,500 
                     
SWITZERLAND - 0.6%             
EUR1,000,000  z  Cloverie plc for Zurich Insurance Co Ltd   1.500   12/15/28   1,140,893 
 600,000  g,z  Credit Suisse Group AG.   1.250   07/17/25   677,416 
 325,000     Tyco Electronics Group S.A.   1.100   03/01/23   377,631 
       TOTAL SWITZERLAND           2,195,940 
                     
THAILAND - 0.2%             
$575,000  g  Bangkok Bank PCL   4.050   03/19/24   585,048 
       TOTAL THAILAND           585,048 
                     
TURKEY - 0.1%             
 375,000  g  Turkcell Iletisim Hizmetleri AS.   5.800   04/11/28   343,898 
       TOTAL TURKEY           343,898 
                     
UNITED ARAB EMIRATES - 0.2%             
 500,000  g  ADCB Finance Cayman Ltd   4.000   03/29/23   500,032 
 400,000  g  DP World Ltd   5.625   09/25/48   395,753 
       TOTAL UNITED ARAB EMIRATES           895,785 
                     
UNITED KINGDOM - 1.7%             
GBP1,250,000     BAE Systems plc   4.125   06/08/22   1,740,589 
EUR500,000  z  Barclays plc   0.625   11/14/23   551,721 
 1,000,000  z  Coca-Cola European Partners plc   1.500   11/08/27   1,164,210 
GBP 750,000     HSBC Holdings plc   2.175   06/27/23   975,661 
EUR750,000     RELX Capital, Inc   1.300   05/12/25   861,629 
 750,000  g  Virgin Media Finance plc   4.500   01/15/25   879,700 
       TOTAL UNITED KINGDOM           6,173,510 
                     
UNITED STATES - 11.9%             
EUR200,000  z  Abbott Ireland Financing DAC   0.010   09/27/20   228,303 
 500,000  z  Abbott Ireland Financing DAC   0.875   09/27/23   574,839 
 500,000  z  Abbott Ireland Financing DAC   1.500   09/27/26   579,228 
 950,000  g  Adient Global Holdings Ltd   3.500   08/15/24   820,169 
 1,200,000     Allergan Funding SCS   1.250   06/01/24   1,351,154 
 150,000     Allergan Funding SCS   2.625   11/15/28   175,475 
GBP 575,000     AMC Entertainment Holdings, Inc   6.375   11/15/24   711,683 
345

TIAA-CREF FUNDS - International Bond Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                     
EUR500,000     American International Group, Inc   1.500%  06/08/23  $582,835 
 300,000     American Tower Corp   1.375   04/04/25   338,985 
 600,000     American Tower Corp   1.950   05/22/26   693,491 
 1,000,000  z  Amphenol Technologies Holding GmbH   2.000   10/08/28   1,165,318 
$1,000,000     Andeavor Logistics LP   4.250   12/01/27   972,862 
EUR1,125,000     Apple, Inc   1.375   05/24/29   1,329,329 
 570,000  g  Aramark International Finance Sarl   3.125   04/01/25   667,917 
 700,000     AT&T, Inc   1.300   09/05/23   811,277 
 500,000     AT&T, Inc   2.350   09/05/29   576,608 
$500,000     AXA Equitable Holdings, Inc   5.000   04/20/48   466,554 
EUR700,000  g  Axalta Coating Systems Dutch Holding B BV   3.750   01/15/25   800,922 
 350,000     Ball Corp   4.375   12/15/23   452,557 
 500,000     Bank of America Corp   1.375   03/26/25   584,921 
 500,000  z  Bank of America Corp   1.662   04/25/28   578,235 
 430,000     Becton Dickinson and Co   1.401   05/24/23   496,690 
 570,000     Becton Dickinson and Co   1.401   05/24/23   658,402 
 670,000     Becton Dickinson and Co   1.900   12/15/26   773,204 
 750,000     Chubb INA Holdings, Inc   1.550   03/15/28   863,888 
 500,000  z  Citigroup, Inc   1.500   07/24/26   575,128 
$1,200,000     Continental Resources, Inc   4.375   01/15/28   1,194,124 
EUR900,000     DH Europe Finance S.A.   1.200   06/30/27   1,028,416 
 250,000     Digital Euro Finco LLC   2.625   04/15/24   298,826 
GBP100,000  z  Digital Stout Holding LLC   2.750   07/19/24   130,695 
 200,000     Discovery Communications LLC   2.500   09/20/24   256,580 
$600,000     Ensco plc   7.750   02/01/26   481,875 
EUR 600,000     FedEx Corp   1.000   01/11/23   694,518 
 500,000     FedEx Corp   1.625   01/11/27   571,501 
GBP150,000     Fidelity National Information Services, Inc   1.700   06/30/22   193,811 
EUR375,000     Fidelity National Information Services, Inc   1.100   07/15/24   428,105 
 775,000  z  Goldman Sachs Group, Inc   1.375   05/15/24   888,674 
$500,000  g  Hyundai Capital America   3.250   09/20/22   488,930 
EUR750,000     Illinois Tool Works, Inc   1.250   05/22/23   891,375 
 550,000  g  International Game Technology plc   4.750   02/15/23   672,810 
 800,000  g  Iron Mountain, Inc   3.000   01/15/25   908,036 
 500,000  z  JPMorgan Chase & Co   1.638   05/18/28   584,863 
 450,000  g  Liberty Mutual Group, Inc   2.750   05/04/26   537,840 
 650,000     Liberty Mutual Group, Inc   2.750   05/04/26   776,880 
$850,000     MGM Resorts International   4.625   09/01/26   799,000 
EUR800,000     Morgan Stanley   1.342   10/23/26   905,935 
 500,000  z  Mylan, Inc   2.125   05/23/25   562,524 
GBP600,000  z  New York Life Global Funding   1.750   12/15/22   792,492 
EUR650,000  g  OI European Group BV   3.125   11/15/24   761,503 
 800,000     Parker-Hannifin Corp   1.125   03/01/25   919,756 
 500,000     ProLogis LP   3.000   06/02/26   638,584 
 500,000  g  Scientific Games International, Inc   3.375   02/15/26   534,738 
 750,000     Silgan Holdings, Inc   3.250   03/15/25   882,023 
 500,000     Simon International Finance S.C.A   1.250   05/13/25   579,182 
 500,000     Stryker Corp   2.125   11/30/27   604,758 
346

TIAA-CREF FUNDS - International Bond Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                     
$450,000     Stryker Corp   2.625%  11/30/30  $552,103 
 1,300,000     SYSCO Corp   1.250   06/23/23   1,521,020 
 900,000     The Procter & Gamble Company   0.625   10/30/24   1,038,605 
EUR600,000     The Procter & Gamble Company   1.875   10/30/38   728,200 
 150,000     Thermo Fisher Scientific, Inc   1.400   01/23/26   171,760 
 200,000     Thermo Fisher Scientific, Inc   1.400   01/23/26   229,013 
 1,100,000     United Technologies Corp   1.150   05/18/24   1,253,834 
 200,000     Verizon Communications, Inc   0.500   06/02/22   229,005 
 400,000     Verizon Communications, Inc   1.375   10/27/26   463,066 
 400,000     Verizon Communications, Inc   1.875   10/26/29   461,959 
       TOTAL UNITED STATES           43,486,893 
                     
       TOTAL CORPORATE BONDS           84,133,653 
       (Cost $84,748,102)             
                     
GOVERNMENT BONDS -  69.2%             
                     
ARGENTINA - 0.3%             
$1,175,000     Argentina Republic Government International Bond   5.625   01/26/22   1,065,149 
       TOTAL ARGENTINA           1,065,149 
                     
AUSTRALIA - 1.9%             
AUD4,500,000     Australia Government International Bond   2.250   05/21/28   3,282,783 
 995,000     Treasury Corp of Victoria   6.000   06/15/20   761,640 
 1,675,000     Treasury Corp of Victoria   3.000   10/20/28   1,252,774 
 2,100,000     Western Australian Treasury Corp   2.500   07/23/24   1,540,885 
       TOTAL AUSTRALIA           6,838,082 
                     
AUSTRIA - 0.6%             
EUR1,725,000  g  Republic of Austria Government International Bond   0.750   02/20/28   2,042,228 
       TOTAL AUSTRIA           2,042,228 
                     
BELGIUM - 1.3%             
EUR875,000  g  Kingdom of Belgium Government International Bond   0.900   06/22/29   1,018,982 
 875,000     Kingdom of Belgium Government International Bond   1.250   04/22/33   1,030,059 
 1,650,000  g  Kingdom of Belgium Government International Bond   1.600   06/22/47   1,890,225 
 630,000  g,z  Kingdom of Belgium Government International Bond   1.700   06/22/50   721,062 
       TOTAL BELGIUM           4,660,328 
                     
BERMUDA - 0.3%             
$950,000  g  Bermuda Government International Bond   4.750   02/15/29   985,625 
       TOTAL BERMUDA           985,625 
                     
BRAZIL - 0.4%             
BRL4,600,000     Brazil Notas do Tesouro Nacional Serie F   10.000   01/01/23   1,333,286 
       TOTAL BRAZIL           1,333,286 
347

TIAA-CREF FUNDS - International Bond Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                     
CANADA - 4.3%             
CAD1,700,000  g  Canada Housing Trust No   2.550%  12/15/23  $1,317,343 
 8,860,000     Canadian Government International Bond   1.750   08/01/20   6,742,150 
 2,000,000     Canadian Government International Bond   2.000   09/01/23   1,536,010 
 1,300,000     Canadian Government International Bond   5.000   06/01/37   1,426,582 
 3,300,000     Canadian Government International Bond   2.750   12/01/48   2,839,640 
 1,350,000     Hydro-Quebec   4.000   02/15/55   1,241,061 
 1,000,000     Province of Quebec Canada   2.750   09/01/27   767,495 
       TOTAL CANADA           15,870,281 
                     
COTE D'IVOIRE - 0.3%             
EUR1,000,000  g  Ivory Coast Government International Bond   6.625   03/22/48   1,020,900 
       TOTAL COTE D'IVOIRE           1,020,900 
                     
CYPRUS - 0.5%             
 300,000     Cyprus Government International Bond   2.750   06/27/24   373,797 
 1,300,000  z  Cyprus Government International Bond   2.375   09/25/28   1,536,916 
       TOTAL CYPRUS           1,910,713 
                     
DOMINICAN REPUBLIC - 0.3%             
DOP48,650,000  g  Dominican Republic Government International Bond   8.900   02/15/23   931,058 
       TOTAL DOMINICAN REPUBLIC           931,058 
                     
ECUADOR - 0.2%             
$625,000  g  Petroamazonas EP   4.625   11/06/20   597,635 
       TOTAL ECUADOR           597,635 
                     
EGYPT - 0.3%             
 550,000  g  Egypt Government International Bond   5.577   02/21/23   533,564 
 675,000  g  Egypt Government International Bond   8.500   01/31/47   649,392 
       TOTAL EGYPT           1,182,956 
                     
FRANCE - 4.3%             
EUR400,000     Caisse d'Amortissement de la Dette Sociale   1.375   11/25/24   491,038 
 2,340,000     French Republic Government Bond OAT   1.000   05/25/21   2,705,559 
 4,500,000     French Republic Government Bond OAT   0.500   05/25/25   5,293,527 
 2,900,000     French Republic Government Bond OAT   0.750   11/25/28   3,382,556 
 1,250,000     French Republic Government Bond OAT   1.250   05/25/34   1,481,820 
 1,850,000  g  French Republic Government Bond OAT   2.000   05/25/48   2,359,450 
       TOTAL FRANCE           15,713,950 
                     
GERMANY - 0.5%             
 1,425,000     Bundesrepublik Deutschland   1.250   08/15/48   1,847,267 
       TOTAL GERMANY           1,847,267 
348

TIAA-CREF FUNDS - International Bond Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                     
GHANA - 0.3%             
$1,000,000  g  Ghana Government International Bond   8.627%  06/16/49  $929,708 
       TOTAL GHANA           929,708 
              
GREECE - 1.8%             
EUR2,525,000  g  Hellenic Republic Government International Bond   4.375   08/01/22   3,051,056 
 425,000  g  Hellenic Republic Government International Bond   3.450   04/02/24   490,461 
 2,800,000  g  Hellenic Republic Government International Bond   3.375   02/15/25   3,178,602 
       TOTAL GREECE           6,720,119 
                     
HONDURAS - 0.4%             
$1,350,000  g  Honduras Government International Bond   7.500   03/15/24   1,452,208 
       TOTAL HONDURAS           1,452,208 
                     
INDONESIA - 0.5%             
IDR13,820,000,000     Indonesia Treasury Bond   8.250   07/15/21   1,002,933 
 12,500,000,000     Indonesia Treasury Bond   7.500   05/15/38   813,652 
       TOTAL INDONESIA           1,816,585 
                     
ISRAEL - 0.8%             
ILS3,600,000  i  Israel Government International Bond   0.350   05/31/26   984,532 
 5,250,000     Israel Government International Bond-Fixed   5.500   01/31/42   2,032,173 
       TOTAL ISRAEL           3,016,705 
                     
ITALY - 5.2%             
EUR2,075,000     Italy Buoni Poliennali Del Tesoro   0.350   06/15/20   2,379,827 
 3,300,000     Italy Buoni Poliennali Del Tesoro   0.050   04/15/21   3,738,428 
 5,125,000     Italy Buoni Poliennali Del Tesoro   2.450   10/01/23   6,112,278 
 3,950,000     Italy Buoni Poliennali Del Tesoro   1.250   12/01/26   4,236,755 
 1,575,000  g  Italy Buoni Poliennali Del Tesoro   2.950   09/01/38   1,736,580 
 900,000  g  Italy Buoni Poliennali Del Tesoro   3.450   03/01/48   1,031,338 
       TOTAL ITALY           19,235,206 
                     
JAPAN - 15.7%             
JPY13,000,000     Japan Finance Organization for Municipalities   0.440   08/15/25   123,066 
 21,000,000     Japan Finance Organization for Municipalities   0.320   01/19/26   197,584 
 30,000,000     Japan Finance Organization for Municipalities   0.145   02/16/26   278,885 
 14,000,000     Japan Finance Organization for Municipalities   0.020   05/22/26   128,994 
 738,150,000     Japan Government Five Year Bond   0.200   06/20/19   6,785,945 
 119,600,000     Japan Government Five Year Bond   0.100   06/20/20   1,102,105 
 628,000,000     Japan Government Five Year Bond   0.100   06/20/23   5,833,582 
 650,450,000     Japan Government Ten Year Bond   0.100   09/20/26   6,082,157 
 557,000,000     Japan Government Ten Year Bond   0.100   06/20/28   5,182,603 
 289,950,000     Japan Government Thirty Year Bond   2.500   09/20/34   3,573,297 
 457,700,000     Japan Government Thirty Year Bond   0.500   09/20/46   4,085,789 
 313,000,000     Japan Government Thirty Year Bond   0.700   06/20/48   2,924,697 
 249,600,000     Japan Government Twenty Year Bond   1.900   03/22/21   2,392,831 
 340,000,000     Japan Government Twenty Year Bond   2.100   03/20/26   3,625,881 
349

TIAA-CREF FUNDS - International Bond Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                     
JPY229,000,000     Japan Government Twenty Year Bond   1.800%  09/20/31  $2,541,701 
 117,000,000     Japan Government Twenty Year Bond   1.700   03/20/32   1,289,409 
 278,000,000     Japan Government Twenty Year Bond   0.600   12/20/36   2,653,714 
 256,000,000     Japan Government Twenty Year Bond   0.500   06/20/38   2,382,703 
 660,000,000     Japan Government Twenty Year Bond   0.700   09/20/38   6,355,274 
       TOTAL JAPAN           57,540,217 
                     
JORDAN - 0.1%             
$475,000  g  Jordan Government International Bond   7.375   10/10/47   450,990 
       TOTAL JORDAN           450,990 
                     
KAZAKHSTAN - 0.2%             
EUR600,000  g  Kazakhstan Government International Bond   2.375   11/09/28   694,166 
       TOTAL KAZAKHSTAN           694,166 
                     
KENYA - 0.1%             
$375,000  g  Kenya Government International Bond   7.250   02/28/28   366,103 
       TOTAL KENYA           366,103 
                     
KOREA, REPUBLIC OF - 4.1%             
 500,000     Export-Import Bank of Korea   3.000   11/01/22   496,253 
 500,000  g  Korea Housing Finance Corp   2.000   10/11/21   482,752 
KRW3,210,000,000     Korea Treasury Bond   2.000   03/10/21   2,895,338 
 5,764,500,000     Korea Treasury Bond   1.375   09/10/21   5,118,725 
 2,220,000,000     Korea Treasury Bond   2.250   09/10/23   2,027,176 
 1,800,000,000     Korea Treasury Bond   1.500   12/10/26   1,558,043 
 2,655,000,000     Korea Treasury Bond   2.625   06/10/28   2,509,898 
       TOTAL KOREA, REPUBLIC OF           15,088,185 
                     
LEBANON - 0.3%             
$1,400,000  z  Lebanon Government International Bond   6.850   03/23/27   1,160,188 
       TOTAL LEBANON           1,160,188 
                     
MALAYSIA - 0.3%             
MYR5,000,000     Malaysia Government Bond   3.757   04/20/23   1,219,800 
       TOTAL MALAYSIA           1,219,800 
                     
MEXICO - 0.5%             
MXN14,000,000     Mexican Bonos   8.000   12/07/23   725,755 
 23,500,000     Mexican Bonos   5.750   03/05/26   1,057,253 
       TOTAL MEXICO           1,783,008 
                     
NETHERLANDS - 1.0%             
EUR1,075,000  g  Netherlands Government International Bond   2.000   07/15/24   1,379,169 
 1,950,000  g  Netherlands Government International Bond   0.750   07/15/28   2,336,660 
       TOTAL NETHERLANDS           3,715,829 
350

TIAA-CREF FUNDS - International Bond Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                     
NEW ZEALAND - 0.4%             
NZD525,000     New Zealand Government International Bond   4.500%  04/15/27  $428,853 
 575,000     New Zealand Government International Bond   3.000   04/20/29   423,918 
 1,100,000     New Zealand Government International Bond   2.750   04/15/37   774,534 
       TOTAL NEW ZEALAND           1,627,305 
                     
NIGERIA - 0.3%             
$725,000  g  Nigeria Government International Bond   6.500   11/28/27   693,086 
 600,000  g  Nigeria Government International Bond   7.143   02/23/30   576,110 
       TOTAL NIGERIA           1,269,196 
                     
NORWAY - 1.0%             
NOK29,500,000  g  Norway Government International Bond   2.000   04/26/28   3,582,390 
       TOTAL NORWAY           3,582,390 
                     
PERU - 0.4%             
PEN4,480,000  g  Peruvian Government International Bond   8.200   08/12/26   1,583,581 
       TOTAL PERU           1,583,581 
                     
PHILIPPINES - 0.8%             
PHP45,000,000     Philippine Government International Bond   4.950   01/15/21   861,883 
 40,000,000     Philippine Government International Bond   3.900   11/26/22   735,972 
$1,250,000     Philippine Government International Bond   3.750   01/14/29   1,268,167 
       TOTAL PHILIPPINES           2,866,022 
                     
POLAND - 1.4%             
PLN8,165,000     Poland Government International Bond   4.000   10/25/23   2,385,955 
 3,300,000     Republic of Poland Government International Bond   2.500   07/25/26   883,276 
 7,450,000     Republic of Poland Government International Bond   2.750   04/25/28   2,005,660 
       TOTAL POLAND           5,274,891 
                     
PORTUGAL - 0.3%             
EUR900,000  g  Portugal Obrigacoes do Tesouro OT   1.950   06/15/29   1,062,725 
       TOTAL PORTUGAL           1,062,725 
                     
RUSSIA - 0.4%             
RUB87,000,000     Russian Federal Bond - Federal Loan Obligation   7.000   01/25/23   1,295,186 
       TOTAL RUSSIA           1,295,186 
                     
SAUDI ARABIA - 0.6%             
$2,000,000  g  Saudi Government International Bond   4.500   04/17/30   2,039,232 
       TOTAL SAUDI ARABIA           2,039,232 
                     
SENEGAL - 0.3%             
EUR1,000,000  g  Senegal Government International Bond   4.750   03/13/28   1,095,593 
       TOTAL SENEGAL           1,095,593 
351

TIAA-CREF FUNDS - International Bond Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
              
SINGAPORE - 0.9%             
SGD2,020,000     Singapore Government International Bond   2.000%  07/01/20  $1,499,989 
 2,200,000     Singapore Government International Bond   1.750   04/01/22   1,623,488 
       TOTAL SINGAPORE           3,123,477 
                     
SOUTH AFRICA - 0.7%             
ZAR10,700,000     South Africa Government International Bond   10.500   12/21/26   892,151 
 16,500,000     South Africa Government International Bond   7.000   02/28/31   1,046,368 
 7,800,000     South Africa Government International Bond   8.750   01/31/44   538,768 
       TOTAL SOUTH AFRICA           2,477,287 
                     
SPAIN - 3.9%             
EUR2,985,000     Spain Government International Bond   0.400   04/30/22   3,467,640 
 4,600,000  g  Spain Government International Bond   2.750   10/31/24   5,941,399 
 2,170,000  g  Spain Government International Bond   1.400   07/30/28   2,529,868 
 2,025,000  g  Spain Government International Bond   2.700   10/31/48   2,475,685 
       TOTAL SPAIN           14,414,592 
                     
SRI LANKA - 0.3%             
$1,250,000  g  Sri Lanka Government International Bond   5.750   04/18/23   1,210,490 
       TOTAL SRI LANKA           1,210,490 
                     
SUPRANATIONAL - 1.4%             
IDR11,300,000,000  g  European Investment Bank   7.200   07/09/19   804,769 
NZD850,000     Inter-American Development Bank   3.500   05/15/21   604,115 
AUD2,150,000     Inter-American Development Bank   4.750   08/27/24   1,751,685 
 2,000,000     International Bank for Reconstruction & Development   2.800   01/12/22   1,478,078 
NZD500,000     International Bank for Reconstruction & Development   3.375   01/25/22   356,574 
       TOTAL SUPRANATIONAL           4,995,221 
                     
SWEDEN - 0.9%            
SEK6,750,000     Kommuninvest I Sverige AB   1.000   05/12/25   751,520 
 13,300,000  g  Sweden Government International Bond   0.750   11/12/29   1,501,115 
 7,805,000     Sweden Government International Bond   2.250   06/01/32   1,025,326 
       TOTAL SWEDEN           3,277,961 
                     
THAILAND - 1.9%             
THB33,000,000     Thailand Government International Bond   2.000   12/17/22   1,056,987 
 81,500,000     Thailand Government International Bond   2.400   12/17/23   2,643,430 
 54,500,000     Thailand Government International Bond   3.400   06/17/36   1,837,590 
 48,800,000     Thailand Government International Bond   3.300   06/17/38   1,613,051 
       TOTAL THAILAND           7,151,058 
                     
TURKEY - 0.1%             
$500,000  g  Export Credit Bank of Turkey   5.375   10/24/23   467,222 
       TOTAL TURKEY           467,222 
352

TIAA-CREF FUNDS - International Bond Fund

 

             MATURITY    
PRINCIPAL     ISSUER  RATE  DATE  VALUE 
                     
UKRAINE - 0.3%             
$1,250,000  g  Ukraine Government International Bond   9.750%  11/01/28  $1,240,562 
       TOTAL UKRAINE           1,240,562 
                     
UNITED KINGDOM - 5.8%             
GBP2,000,000     United Kingdom Gilt   1.750   07/22/19   2,635,265 
 2,310,000     United Kingdom Gilt   1.500   01/22/21   3,073,442 
 1,600,000     United Kingdom Gilt   0.500   07/22/22   2,077,712 
 1,275,000     United Kingdom Gilt   4.250   12/07/27   2,114,156 
 1,230,000     United Kingdom Gilt   4.750   12/07/30   2,219,814 
 1,775,000     United Kingdom Gilt   4.250   03/07/36   3,253,783 
 3,035,000     United Kingdom Gilt   1.500   07/22/47   3,777,640 
 1,600,000     United Kingdom Gilt   1.750   07/22/57   2,169,691 
       TOTAL UNITED KINGDOM           21,321,503 
                     
URUGUAY - 0.3%             
UYU20,760,000  g  Uruguay Government International Bond   9.875   06/20/22   639,940 
 21,800,000  g  Uruguay Government International Bond   8.500   03/15/28   587,570 
       TOTAL URUGUAY           1,227,510 
                     
       TOTAL GOVERNMENT BONDS           253,791,479 
       (Cost $251,614,864)             
                     
       TOTAL BONDS           337,925,132 
       (Cost $336,362,966)             
                     
SHORT-TERM INVESTMENTS - 1.6%             
              
EGYPT - 1.2%             
EGP30,000,000  j  Egypt Treasury Bill   0.000   02/26/19   1,680,112 
 15,300,000  j  Egypt Treasury Bill   0.000   06/11/19   814,175 
 36,000,000  j  Egypt Treasury Bill   0.000   08/27/19   1,847,926 
       TOTAL EGYPT           4,342,213 
                     
NIGERIA - 0.4%             
NGN  585,000,000 j   Nigeria Treasury Bill   0.000   06/13/19   1,544,174 
       TOTAL NIGERIA           1,544,174 
                     
       TOTAL SHORT-TERM INVESTMENTS           5,886,387 
       (Cost $5,800,718)             
                     
       TOTAL INVESTMENTS - 96.4%           353,782,945 
       (Cost $352,434,377)             
       OTHER ASSETS & LIABILITIES, NET - 3.6%           13,147,122 
       NET ASSETS - 100.0%          $366,930,067 
353

TIAA-CREF FUNDS - International Bond Fund

   
   
  Abbreviation(s):
  AUD Australian Dollar
  BRL Brazilian Real
  CAD Canadian Dollar
  DOP Dominican Peso
  EGP Egyptian Pound
  EUR Euro
  GBP Pound Sterling
  IDR Indonesian Rupiah
  ILS Israeli New Shekel
  JPY Japanese Yen
  KRW South Korean Won
  LIBOR London Interbank Offered Rate
  M Month
  MXN Mexican Peso
  MYR Malaysian Ringgit
  NGN Nigerian Naira
  NOK Norwegian Krone
  NZD New Zealand Dollar
  PEN Peruvian Sol
  PHP Philippine Peso
  PLN Polish Zloty
  RUB Russian Ruble
  SEK Swedish Krona
  SGD Singapore Dollar
  THB Thai Baht
  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 1/31/2019, the aggregate value of these securities amounted to $81,892,676 or 22.3% of net assets.
  i   Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on the underlying asset of the 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 Offshore Limited which is a 100% owned subsidiary of the fund (see Note 1).
   
354

TIAA-CREF FUNDS - International Bond Fund

 

Forward foreign currency contracts outstanding as of January 31, 2019 were as follows (see Note 3):

 

Currency to be
purchased
  Receive  Currency to be
sold
  Deliver  Counterparty  Settlement date  Unrealized
appreciation
(depreciation)
 
$  14,098,593  KRW  15,759,971,597  Australia and New Zealand Banking Group  02/28/19  $(80,418)
AUD  1,471,837  $  1,056,529  Australia and New Zealand Banking Group  04/30/19   14,704 
Total                 $(65,714)
CAD  2,026,968  $  1,528,432  Bank of America  02/01/19  $14,256 
$  2,975,108  ILS  10,919,163  Bank of America  02/28/19   (33,714)
$  5,304,675  THB  167,101,521  Bank of America  02/28/19   (47,369)
$  48,631,463  JPY  5,275,735,595  Bank of America  04/26/19   (153,545)
$  1,531,659  CAD  2,026,968  Bank of America  04/30/19   (14,253)
$  1,794,954  NOK  15,219,280  Bank of America  04/30/19   (16,693)
$  3,287,929  SEK  29,566,379  Bank of America  04/30/19   (3,500)
Total                 $(254,818)
$  5,274,461  PLN  19,821,566  Citibank, N.A.  02/28/19  $(54,949)
$  3,113,640  SGD  4,207,920  Citibank, N.A.  02/28/19   (14,087)
Total                 $(69,036)
EUR  623,064  $  712,249  Morgan Stanley  02/05/19  $1,207 
EUR  422,085  $  482,502  Morgan Stanley  02/05/19   818 
$  11,059,124  AUD  15,399,516  Morgan Stanley  04/30/19   (148,952)
$  122,168,586  EUR  106,013,662  Morgan Stanley  04/30/19   (128,727)
$  1,131,185  EUR  982,439  Morgan Stanley  04/30/19   (2,156)
$  2,569,599  NZD  3,753,760  Morgan Stanley  04/30/19   (29,618)
Total                 $(307,428)
$  1,205,698  ZAR  16,470,096  Toronto Dominion Bank  02/28/19  $(32,063)
$  14,297,087  CAD  18,916,604  Toronto Dominion Bank  04/30/19   (130,074)
$  26,258,273  GBP  19,862,176  Toronto Dominion Bank  04/30/19   84,310 
Total                 $(77,827)
Total                 $(774,823)
  
  
Abbreviation(s):
AUD Australian Dollar
CAD Canadian Dollar
EUR Euro
GBP Pound Sterling
ILS Israeli New Shekel
JPY Japanese Yen
KRW South Korean Won
NOK Norwegian Krone
NZD New Zealand Dollar
PLN Polish Zloty
SEK Swedish Krona
SGD Singapore Dollar
THB Thai Baht
ZAR South African Rand
355

TIAA-CREF FUNDS - International Bond Fund

 

 

TIAA-CREF FUNDS

INTERNATIONAL BOND FUND

CONSOLIDATED SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2019

 

SECTOR  VALUE   % OF
NET ASSETS
 
GOVERNMENT  $253,791,479    69.2%
FINANCIALS   22,164,323    6.0 
HEALTH CARE   13,945,505    3.8 
INDUSTRIALS   12,015,081    3.3 
MATERIALS   7,493,734    2.0 
COMMUNICATION SERVICES   7,343,434    2.0 
CONSUMER DISCRETIONARY   6,987,924    1.9 
INFORMATION TECHNOLOGY   6,235,887    1.7 
ENERGY   5,649,979    1.5 
CONSUMER STAPLES   4,637,535    1.3 
UTILITIES   3,884,715    1.1 
REAL ESTATE   3,746,962    1.0 
SHORT-TERM INVESTMENTS   5,886,387    1.6 
OTHER ASSETS & LIABILITIES, NET   13,147,122    3.6 
           
NET ASSETS  $366,930,067    100.0%
356

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 U.S. 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: Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Quant Large-Cap Growth Fund, Quant Large-Cap Value Fund, Quant Small-Cap Equity Fund, Quant Small/Mid-Cap Equity Fund, Social Choice Equity Fund, Social Choice Low Carbon Equity Fund, Emerging Markets Equity Fund, International Equity Fund, International Opportunities Fund, Quant International Equity Fund, Quant 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 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 six share classes, although any one Fund may not necessarily offer all six classes. The Funds may offer Institutional Class, Advisor Class, Premier Class, Retirement Class, Retail Class and Class W 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”) and in conformity with the applicable rules and regulations of the Commission related to interim filings. Accordingly, the schedule of investments does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the Commission. For a full set of financial statement notes, please refer to the most recently filed annual or semi-annual report.

 

The preparation of the schedule of investments requires 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 schedule 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 January 31, 2019, the net assets of the Subsidiary were $23,735,511 representing 6% of the Fund’s consolidated net assets. All inter-company transactions and balances have been eliminated.

357

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

 

Select financial information related to the Subsidiary is as follows:

 

Total market value of investments  $24,217,894 
Net assets  $23,735,511 
Net change in unrealized appreciation (depreciation)  $702,543 

 

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-CEN and N-PORT, and amends Regulation S-X disclosures related to derivatives and other disclosures in the financial statements and various filings. The requirements of this final rule in relation to Form N-CEN must be complied with by June 1, 2018. In December 2017, the Commission issued Temporary Final Rule Release No. 33-10442, which delayed the filing requirements related to Form N-PORT from June 1, 2018 to April 2019, but still requires the Funds to maintain the data that would have been filed on Form N-PORT during the deferral period. Form N-CEN and the data requirements of Form N-PORT were implemented on June 1, 2018 and did not have an impact on net assets or results of operations.

 

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, in relation to the establishment of the liquidity risk management program and the 15% illiquid investment limit, were implemented by the December 1, 2018 compliance date. This portion of the implementation did not have a material impact on the Funds’ financial statements and various filings. In February 2018, the Commission issued Release No. IC-33142, which delayed certain compliance requirements related to liquidity classification, highly liquid investment minimums, and board approval of the liquidity risk management programs from December 1, 2018 to June 1, 2019. Management is currently assessing the impact of these provisions on the Funds’ financial statements and various 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.

 

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.

358

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

 

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 traded over the counter and listed 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.

 

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. 

 

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. 

 

As of January 31, 2019, 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 January 31, 2019, based on the inputs used to value them:

 

Fund  Level 1   Level 2   Level 3   Total 
Growth & Income                
Equity investments:                    
Communication services  $725,836,749   $14,777,594   $   $740,614,343 
Consumer discretionary   567,790,245    41,786,736        609,576,981 
Consumer staples   504,179,805    25,859,696        530,039,501 
Health care   1,034,922,721    87,963,502        1,122,886,223 
Industrials   580,188,496    16,905,239        597,093,735 
Information technology   1,319,404,390    18,096,375        1,337,500,765 
Materials   238,029,065    13,139,666        251,168,731 
All other equity investments*   1,297,113,374            1,297,113,374 
Short-term investments   28,505,861    47,359,570        75,865,431 
Purchased options   78,350            78,350 
Written options**   (13,113,417)           (13,113,417)
Total  $6,282,935,639   $265,888,378   $   $6,548,824,017 
Large-Cap Growth
Equity investments:                    
Communication services  $886,542,856   $56,788,724   $   $943,331,580 
Consumer discretionary   768,504,999    50,616,656        819,121,655 
Health care   666,620,884    40,877,786        707,498,670 
Industrials   347,059,184    56,610,628        403,669,812 
Information technology   1,904,264,272    12,579,526        1,916,843,798 
All other equity investments*   359,248,426            359,248,426 
Short-term investments       78,093,823        78,093,823 
Total  $4,932,240,621   $295,567,143   $   $5,227,807,764 
Large-Cap Value
Equity investments:                    
Industrials  $662,251,116   $   $7,267   $662,258,383 
All other equity investments*   5,386,657,438            5,386,657,438 
Short-term investments       50,529,364        50,529,364 
Total  $6,048,908,554   $50,529,364   $7,267   $6,099,445,185 

359

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

 

Fund  Level 1   Level 2   Level 3   Total 
Mid-Cap Growth
Equity investments*  $1,346,303,746   $   $   $1,346,303,746 
Short-term investments   30,452,084    19,450,000        49,902,084 
Purchased options**   1,027,250            1,027,250 
Written options**   (1,819,752)           (1,819,752)
Total  $1,375,963,328   $19,450,000   $   $1,395,413,328 
Mid-Cap Value
Equity investments:                    
Materials  $237,000,258   $10,715,679   $   $247,715,937 
All other equity investments*   3,013,661,208            3,013,661,208 
Short-term investments       3,250,000        3,250,000 
Total  $3,250,661,466   $13,965,679   $   $3,264,627,145 
Quant Large-Cap Growth
Equity investments*  $2,601,538,635   $   $   $2,601,538,635 
Short-term investments   5,533,758    6,300,000        11,833,758 
Total  $2,607,072,393   $6,300,000   $   $2,613,372,393 
Quant Large-Cap Value
Equity investments*  $2,555,332,293   $   $   $2,555,332,293 
Short-term investments   349,721    6,700,000        7,049,721 
Total  $2,555,682,014   $6,700,000   $   $2,562,382,014 
Quant Small-Cap Equity
Equity investments*  $3,258,342,456   $   $   $3,258,342,456 
Short-term investments   85,823,670    11,150,000        96,973,670 
Total  $3,344,166,126   $11,150,000   $   $3,355,316,126 
Quant Small/Mid-Cap Equity
Equity investments*  $671,993,308   $   $   $671,993,308 
Short-term investments   6,225,873    1,610,000        7,835,873 
Total  $678,219,181   $1,610,000   $   $679,829,181 
Social Choice Equity
Equity investments:                    
Financials  $585,012,721   $3,635   $   $585,016,356 
All other equity investments*   3,329,333,242            3,329,333,242 
Short-term investments   22,172,957    19,626,076        41,799,033 
Futures contracts**   381,854            381,854 
Total  $3,936,900,774   $19,629,711   $   $3,956,530,485 
Social Choice Low Carbon Equity
Equity investments:                    
Financials  $19,023,553   $141   $   $19,023,694 
All other equity investments*   106,449,595            106,449,595 
Short-term investments       3,200,000        3,200,000 
Futures contracts**   59,324            59,324 
Total  $125,532,472   $3,200,141   $   $128,732,613 
Emerging Markets Equity
Equity investments:                    
Africa/Middle East  $   $116,430,152   $   $116,430,152 
Asia   253,985,326    661,254,367    12,262    915,251,955 
Europe   77,274,162    35,838,657        113,112,819 
Latin America   88,214,373    192,503,230        280,717,603 
All other equity investments*   49,469,184    129,961,077    3,304    179,433,565 
Short-term investments   19,574,138    25,150,000        44,724,138 
Purchased options**   266,400            266,400 
Written options**   (10,200)           (10,200)
Total  $488,773,383   $1,161,137,483   $15,566   $1,649,926,432 
360

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

 

Fund  Level 1   Level 2   Level 3   Total 
International Equity
Equity investments:                    
Asia  $27,906,285   $986,927,989   $   $1,014,834,274 
Europe       3,001,521,204        3,001,521,204 
All other equity investments*       151,549,340        151,549,340 
Short-term investments   47,018,372    57,262,173        104,280,545 
Total  $74,924,657   $4,197,260,706   $   $4,272,185,363 
International Opportunities
Equity investments:                    
Asia  $36,148,863   $308,376,095   $18,156   $344,543,114 
Australasia       65,894,357        65,894,357 
Europe       672,222,421        672,222,421 
Latin America   16,109,705    105,343,421        121,453,126 
North America   57,053,992    159,277,411        216,331,403 
All other equity investments*   20,441,530    152,125,932    8,024    172,575,486 
Short-term investments   97,505,383    65,483,240        162,988,623 
Total  $227,259,473   $1,528,722,877   $26,180   $1,756,008,530 
Quant International Equity
Equity investments:                    
Asia  $   $476,817,969   $   $476,817,969 
Australasia       131,960,565        131,960,565 
Europe   55,446,491    836,688,049        892,134,540 
All other equity investments*   12,535,999    163,070,785        175,606,784 
Short-term investments   6,537,010    3,850,000        10,387,010 
Total  $74,519,500   $1,612,387,368   $   $1,686,906,868 
Quant International Small-Cap Equity
Equity investments:                    
Africa/Middle East  $10,443,440   $12,885,221   $   $23,328,661 
Asia   6,022,620    338,604,540        344,627,160 
Australasia       47,937,544        47,937,544 
Europe   1,574,935    313,657,983        315,232,918 
Latin America       22,718,336        22,718,336 
North America       59,868,652        59,868,652 
All other equity investments*   1,575,171    102,982,964        104,558,135 
Short-term investments   51,381,805    9,700,000        61,081,805 
Total  $70,997,971   $908,355,240   $   $979,353,211 
Social Choice International Equity
Equity investments:                    
Asia  $   $19,390,779   $   $19,390,779 
Australasia       4,936,316        4,936,316 
Europe   1,536,925    34,197,409        35,734,334 
All other equity investments*       8,282,480        8,282,480 
Short-term investments   37,759    1,550,000        1,587,759 
Futures contracts**   12,365            12,365 
Total  $1,587,049   $68,356,984   $   $69,944,033 
Equity Index
Equity investments:                    
Financials  $2,579,930,175   $4,489   $   $2,579,934,664 
Health care   2,725,271,592    2,333    2,424    2,725,276,349 
Materials   552,559,484    31,805        552,591,289 
All other equity investments*   12,709,208,671            12,709,208,671 
Short-term investments   120,231,108    139,257,275        259,488,383 
Futures contracts**   1,119,361            1,119,361 
Total  $18,688,320,391   $139,295,902   $2,424   $18,827,618,717 

361

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

 

Fund  Level 1   Level 2   Level 3   Total 
Large-Cap Growth Index
Equity investments*  $6,149,475,049   $   $   $6,149,475,049 
Short-term investments   10,784,836    8,900,000        19,684,836 
Total  $6,160,259,885   $8,900,000   $   $6,169,159,885 
Large-Cap Value Index
Equity investments*  $6,319,340,157   $   $   $6,319,340,157 
Short-term investments   7,860,408    2,000,000        9,860,408 
Total  $6,327,200,565   $2,000,000   $   $6,329,200,565 
S&P 500 Index
Equity investments*  $4,731,035,342   $   $   $4,731,035,342 
Short-term investments   1,352,177    19,900,000        21,252,177 
Futures contracts**   403,463            403,463 
Total  $4,732,790,982   $19,900,000   $   $4,752,690,982 
Small-Cap Blend Index
Equity investments:                    
Financials  $505,369,364   $9,288   $   $505,378,652 
Health care   424,354,527    7,548    10,998    424,373,073 
Materials   104,871,038    64,709        104,935,747 
All other equity investments*   1,698,373,471            1,698,373,471 
Short-term investments   167,814,438    1,598,866        169,413,304 
Total  $2,900,782,838   $1,680,411   $10,998   $2,902,474,247 
Emerging Markets Equity Index
Equity investments:                    
Africa/Middle East  $   $165,312,630   $   $165,312,630 
Asia   201,606,875    1,684,471,114    2,842    1,886,080,831 
Europe   41,603,427    59,383,380        100,986,807 
Latin America       290,272,559        290,272,559 
North America   84,688,756    764,549        85,453,305 
All other equity investments*   11,310,449    220,037,463    735    231,348,647 
Short-term investments   25,715,385    1,500,000        27,215,385 
Total  $364,924,892   $2,421,741,695   $3,577   $2,786,670,164 
International Equity Index
Equity investments:                    
Asia  $4,778,783   $3,253,415,067   $  —   $3,258,193,850 
Australasia       889,503,272        889,503,272 
Europe   35,134,553    6,042,518,033        6,077,652,586 
All other equity investments*   42,843,029    1,219,164,730        1,262,007,759 
Short-term investments   91,166,196    340,403,620        431,569,816 
Futures contracts**   11,226,354            11,226,354 
Total  $185,148,915   $11,745,004,722       $11,930,153,637 
Emerging Markets Debt
Africa/Middle East  $   $104,027,411   $   $104,027,411 
Asia       98,955,130        98,955,130 
Europe       66,040,083    317,038    66,357,121 
Latin America   275,115    151,818,947    1,016,953    153,111,015 
Short-term investments       12,966,075        12,966,075 
Forward foreign currency contracts**       (55,508)       (55,508)
Total  $275,115   $433,752,138   $1,333,991   $435,361,244 

 

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

 

Note 3—derivative instruments

 

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

362

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

 

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. The futures contracts outstanding as of January 31, 2019 are disclosed in the schedules of investments.

 

Options: Certain Funds are subject to equity price risk in the normal course of pursuing their investment objectives. Options can be settled either directly with the counterparty (over the counter) or through a central clearing house (exchange traded). 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 may arise upon entering into over the counter options from the potential of default by counterparty. Also, risks related to the use of options include possible illiquidity of the options markets, and price movements in underlying security values. The purchased and written options outstanding as of January 31, 2019 are disclosed in the Schedules of Investments.

 

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. The forward contracts outstanding as of January 31, 2019 are disclosed in the schedules of investments.

 

Note 4—affiliated investments

 

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

 

                   Change in             
                   unrealized             
   Value at   Purchase   Sales   Realized   appreciation   Dividend   Shares at   Value at 
Issue  October 31, 2018   cost   proceeds   gain (loss)   (depreciation)   income   January 31, 2019   January 31, 2019 
Emerging Markets Equity Fund                                
Common stock                                
Uruguay                                
Arcos Dorados Holdings, Inc  $57,527,119   $12,423,067   $   $   $18,264,187   $    9,619,888   $88,214,373 
363

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

 

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 schedule of investments. As of January 31, 2019, 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.

 

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

 

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.

 

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

 

Net unrealized appreciation (depreciation): At January 31, 2019, net unrealized appreciation (depreciation) based on the aggregate cost of all investments for federal income tax purposes, consisting of gross unrealized appreciation and gross unrealized depreciation, was as follows:

 

Fund  Tax cost  Gross
unrealized
appreciation
  Gross unrealized (depreciation)  Net unrealized appreciation (depreciation)
Growth & Income  $4,780,571,662   $1,862,174,986   $(93,922,631)  $1,768,252,355 
Large-Cap Growth   3,553,410,298    1,721,829,781    (47,432,315)   1,674,397,466 
Large-Cap Value   5,538,814,012    671,550,606    (110,919,433)   560,631,173 
Mid-Cap Growth   1,155,657,483    295,580,357    (55,824,512)   239,755,845 
Mid-Cap Value   2,731,913,632    680,141,742    (147,428,229)   532,713,513 
Quant Large-Cap Growth   1,812,927,772    837,196,267    (36,751,646)   800,444,621 
Quant Large-Cap Value   2,226,758,960    391,590,241    (55,967,187)   335,623,054 
Quant Small-Cap Equity   3,205,847,172    435,449,438    (285,980,484)   149,468,954 
Quant Small/Mid-Cap Equity   608,694,734    108,081,807    (36,947,360)   71,134,447 
Social Choice Equity   3,158,296,371    949,609,935    (151,375,821)   798,234,114 
Social Choice Low Carbon Equity   117,208,418    16,157,250    (4,633,055)   11,524,195 
Emerging Markets Equity   1,548,835,579    187,109,011    (86,018,158)   101,090,853 
International Equity   4,426,772,834    149,738,807    (304,326,278)   (154,587,471)
International Opportunities   1,463,673,226    378,367,476    (86,032,172)   292,335,304 
Quant International Equity   1,648,540,859    119,778,696    (81,412,687)   38,366,009 
Quant International Small-Cap Equity   1,021,331,646    74,595,520    (116,573,955)   (41,978,435)
Social Choice International Equity   70,524,605    3,817,672    (4,398,244)   (580,572)
Equity Index   12,790,453,160    6,585,416,424    (548,250,867)   6,037,165,557 
Large-Cap Growth Index   4,089,783,079    2,140,929,698    (61,552,892)   2,079,376,806 
Large-Cap Value Index   5,510,300,428    1,201,093,417    (382,193,280)   818,900,137 
S&P 500 Index   2,990,295,978    1,885,638,114    (123,243,110)   1,762,395,004 
Small-Cap Blend Index   2,448,669,446    715,563,955    (261,759,154)   453,804,801 
Emerging Markets Equity Index   2,471,067,709    531,055,870    (215,453,415)   315,602,455 
International Equity Index   11,219,883,910    1,711,063,049    (1,000,793,322)   710,269,727 
Emerging Markets Debt   446,812,239    6,281,823    (17,732,818)   (11,450,995)
International Bond   351,722,655    7,090,873    (5,805,406)   1,285,467 
                     
For purposes of this disclosure, tax cost generally includes the cost of portfolio investments as well as upfront fees or premiums exchanged on derivatives and any amounts unrealized for income statement reporting but realized in income and/or capital gains for tax reporting.
364

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: March 12, 2019 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: March 12, 2019 By: /s/Bradley Finkle  
    Bradley Finkle
    Principal Executive Officer and President
    (principal executive officer)
     
Dated: March 12, 2019 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 2 c93102_ex99-cert.htm

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: March 12, 2019 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: March 12, 2019 By:  /s/ E. Scott Wickerham  
   

E. Scott Wickerham

Principal Financial Officer, Principal

Accounting Officer and Treasurer

(principal financial officer)